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RAILWAY AND INDUSTRIAL
SECTION
OF T H E
^ qmI ercial & |I Ym n c ia l ^ hron I o I
4
Copyrighted in 1911 accordin g to A ct o f Congress, b y W IL L IA M B . D A N A C O M P A N Y , in office o f L ibrarian o f Congress, W ashington, D . C.
V o l.
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N O TICE .
The size of this publication has been materially
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Dates of issue will be February, June and
October.
T R A IN IN G
L O CO M O TIV E
CREWS
IN
COAL E C O N O M Y .
The output of the annual summer conventions of
the railway technical associations was this year ex
ceedingly prolific in subjects and discussions of serious
importance. These proceedings, while necessarily
of a social and fugitive character, cannot but leave
behind much grist in working material during the busy
months of railway operation ahead. The Traveling
Engineers who met in Chicago could have had no better
token of the real activity of railway offices in every
part of the country in internal economy than the keen
interest manifested in the discussion at the Convention
of subjects regarding the scientific methods now being
employed in railway operations. What is being done
in experiment by the main lines becomes known
through these conventions to the executive depart
mental officers of.railways of every grade and section in
the country and the knowledge must filter, in due course,
outside the railway ranks into quarters of the public
generally interested, though having but a vague ac
quaintance with the work carried on by the railways
themselves on their own initiative.
How theory and practice are going hand in hand
may be instanced by the report prepared by Mr. V. C.
Randolph on the Value of Practical Instruction on
Fuel Economy, taken in connection with the perfor
mances of new freight locomotives just put into com
mission. The Baltimore & Ohio has recently put into
service 160 Mikado locomotives, the largest and most
powerful type of freight engine with the exception of
the Mallet. An analysis of the efficiency of one of
these after one of its ordinary runs from Philadelphia
to Baltimore, with a train of 2,300 tons, showed that
the new Mikado, with proper handling, will pull a larger
freight train over a hundred miles and burn two tons
less coal. The ten-wheel locomotive previously em
ployed, and looked upon as the acme of engine effici
ency, in a 176 mile run consumed about ten tons of coal
as against the Mikado’s eight. This means that the
fireman on the new type engine had 280 shovelsfull
less to handle than would have been the case on the
smaller engine with less tonnage. The result is gained
by skilful firing, so that the increased grate area of
the Mikado fire-box produces the generation of steam
necessary for the engine to be worked to its capacity.
With the road foreman’s experience in support, the
Baltimore & Ohio’s General Manager has organized a
fuel bureau to conduct experiments based on the per
formances of all classes of locomotives in both pas
senger and freight service.
Experiments along the same line have been carried
on by another railroad— the Erie— on its Allegheny
division for three years past. Mr. Randolph was able
to put before the Traveling Engineers at Chicago com
plete charts and tables illustrating the economies
effected through the instruction classes held among
the companies employees. On this single division a
saving of over 830,000 was made in 1910 as compared
with 1909 in the fuel-consumption charges. The
lesson had been so well learned that in the first quarter
alone of the present year the total saving was $28,000.
As the greater part of the saving has been effected in
the freight service,it seems that this is the branch to
which special attention is being devoted for promoting
increased efficiency.
The Erie’s fuel-economy in
struction classes were held weekly for several montlis
among engineers, firemen, hostlers, engine preparers
and fire cleaners. It was explained to them that the
saving of one shovelful for each locomotive mile made
in one month— there being 15 pounds to a shovelful—
R A IL W A Y A N D I N D U S T R I A L
meant on that particular division the saving of $1,609
for a month and for the whole system a saving of no
less than $330,514 for a year. The men are taught to
avoid wasteful practices in overloading of tenders,
firing too heavily and bringing engines into terminals
with heavy and dirty fires. When the fireman has
learned how to burn coal successfully so as to maintain
the fire-box temperature above 1800 degrees Fahr., he
is ready to learn how to reduce the waste of steam and
water and to practice economies in speed control, so
as to qualify himself as an efficient locomotive engi
neer.
It is the fireman, however, who is able to effect geater
economies by intelligent handling of the coal than any
other railway employee or any other piece of apparatus
that has been devised. There is more coal wasted by
careless firing than in any other way, and since the total
coal bill of the United States railways amounted in
1909 to $188,735,868,or 12% % of the total operating
cost, there is good reason for the companies devoting
special attention to the training of the engine crews
in the endeavor to reduce operating expenses while
increasing efficiency. By the exercise of the utmost
skill and intelligence it is found that as much as 80%
of the heat value of the coal may be turned into steam
but 30% of the heat units may easily be lost. Tests
that have been made show, moreover, that engine
crews have little or nothing to do with several forms
of the waste of locomotive fuel.
As much as 15%
is accounted for in other ways than the actual moving
of trains, while the quality of the coal and the design
and the economical rating of the locomotive have to
be carefully considered in estimating justly the degrees
of efficiency attained.
For such experimental tests one could hardly imag
ine more minute and exhaustive work being accom
plished by a central government or joint co-operative
station than is being actually achieved in the test de
partments of the great railroads. In the Altoona
shops of the Pennsylvania railroad the locomotive
testing plant provides for the thorough investigation
of the elements of locomotive performance. More
than 500 tests have been made in the five years since
the installation of the plant. By the arrangement
of the apparatus the largest engine can be run at top
speed and exact measurements tabulated relating to
the consumption of fuel, evaporation of water and the
friction of the various parts. This department is
actually the bureau of scientific management, which in
some quarters is still thought to be a desideratum in
the railway field. It has grown up in the course of
thirty-five years, during which the Pennsylvania has
made a practice of testing the materials it uses on its
roads and in its equipment.
IM PR O VED
STEEL
R A IL S
STILL
A
N E C E S S IT Y .
Recent railway accidents attributed to defective
rails have caused some disappointment that the elabo
rate efforts made in recent years to secure the sound
ness of the new rails laid down have not been as ef
fective as had been hoped for. In two or three of
the chief places of wrecks causing loss of life the flaw
in the rail to which the accident was due had escaped
the notice of the manufacturer’s laboratory tester and
the rail had been accepted as perfect by the railroad
company’s maintenance officials. It is rather dis
SE C T IO N .
[V OL. L X X X X III.
couraging after the work carried on by the Rail Com
mittee of the American Railway Engineering As
sociation to know that the rail which caused the Lehigh
Valley wreck was one turned out in accordance with
specifications laid down by the best expert authority.
These specifications were agreed to by the railways
and manufacturers and have been in use during the
last three years. In view of the necessity of the
manufacture of great quantities of new rails for re
placing old tracks, the construction of new lines
and provision generally of a heavier rail for the heavier
rolling stock— locomotives and cars—that is coming
into general use, it is clear that vigilance must be in
no way relaxed.
The increased strain on a rail and the greater burden
it has to sustain under present day conditions com
pared with even a decade ago are measured by the
development that has taken place in the weight of
engines and cars. The locomotives,for instance, re
cently built for the Illinois Central by the Baldwin
Locomotive Works to haul the coal traffic between
Chicago and St. Louis are superior in power to the
consolidation locomotives previously used by 30%.
The weight of the engine and tender in working order
is 455,000 lbs. Whereas an ordinary freight loco
motive in 1860 had a total weight of about 67,000 lbs.,
the present total weight comparatively may be put
at 240,000 lbs. as against 180,000 in 1900.
As for cars, the 70-ton coal carrier is rapidly coming
into use on the larger Eastern coal carrying roads.
An indication of the gradual elimination of the older
and smaller types of cars is the notice of the Penn
sylvania Railroad that it will not hereafter handle
box cars of 40,000 lbs. capacity or less in its freight
service.
The general result of the investigation made by
the American Railroad Association when it began its
campaign for better rails was that the quality of the
heavier rails had not kept pace with the requirements.
Rail failures were found to be more numerous in the
classes weighing more than 70 lbs.per yard. In fact,
reports received a year ago showed 35,843 rail failures
for 11,691,302 tons of rail laid, mostly due
to defective material. The railroads will be justified
after these recent experiences in affirming that their
previous contentions against the manufacturers were
well based. They can hardly insist too strongly on
more careful mill practice and more severe and uni
form inspection to secure a better rail.
The controversy over the relative values of the
Bessemer and open-hearth rails on its technical side
is likely to be revived by the recent accidents. In
the experiments that have been carried on by the rail
roads themselves in their laboratories and by manu
facturers it is evident that no approach to finality has
yet been made. The Rail Committee of the American
Railway Engineering Association is continuing its
investigations and has still in hand tests for deter
mining what chemical composition and mill practice
will obtain the best result. Last year the Bessemer
rails rolled amounted to 1,917,900 tons, while the
total production of open-hearth rails was 1,715,899
tons. The open-hearth rail has gained rapidly in
the last three years upon the Bessemer rail, since in
1907 the open-hearth rail constituted less than 5 per
cent of the total production, while during 1910 it
amounted to about 47% . The earnestness with
O c t ., 191 l.J
R A IL W A Y A N D IN D U S T R IA L
which the railroads sought to improve the quality of
their rail methods was perhaps reflected in the fact
that about five times as many tons of alloyed steel
rails were rolled in 1910 as in the previous year. Of
the total tonnage of alloyed rails titanium was used
for 250,759 tons. Other kinds of alloyed rails, in
cluding electric, ferro-titanium, manganese, nickel
chrome and vanadium steel rails together, only reached
an amount of about 5,000 tons. The cheaper price
and the quicker production of the Bessemer rail are
of course considerations which carry weight with the
smaller roads. Though engineers still differ in opinion
as to the relative merits of the two rails, it is generally
accepted that the open-hearth steel rail, containing
less than half the phosphorus of the Bessemer rail,
should be much less liable to rail breakages due to
brittleness. How to overcome the concealed im
perfections in the rail of flaws, piping and the like,
which may escape detection and bring about disasters
involving the companies in loss of life and enormous
damages, is the problem still pressing upon the railway
engineers. It is to be hoped that they will before
long discover the secret of preventing these hidden
flaws in the rails or of perfecting testing instruments
of such delicacy that any unsoundness in the heart of
the rail may be revealed before the rail is accepted
for use on the track.
CROP M O V E M E N T
SHOW N B Y
C A R RECORDS.
While the weekly returns of the “ granger” railroads
receive special attention at this period of the year for
the evidence they afford of the crop movement and the
indications of the final results of the year’s “ harvest,”
a closer analysis is available in the returns of freight
car movement made to the American R ailway Asso
ciation. It is apparently overlooked by critics of
railroad administration, urging improved efficiency
as the panacea for present troubles, that the railroads
themselves, through their joint conferences of Master
Mechanics, Accountants and other departmental
officials, the Code of Car Service Rules and the Com
mittee of Arbitration on Disputes arising as to their
interpretation have long set themselves to the task
of the elimination of waste in operation. Voluntary
organization has succeeded in bringing into its member
ship the great majority of the steam railroads of the
country and this says much for the willingness of
railroad managers operating systems widely different in
circumstances, as they are widely apart in geographi
cal situation, to co-operate for a common railway
benefit. If there should be reluctance to surrender
independent control unless the corresponding ad
vantage is shown to be pre-eminent, that is only to
be expected. It only accords with the American
genius that has developed the country; but probably
there has been no class of semi-public servants that
has shown a greater disposition to co-operate with
each other for the general benefit when the material
practical gain to be derived from such co-operation
has been clearly put before them.
The fortnightly statement of car surpluses and
shortages issued by the Committee on Relations
between Railroads of the American Railway Associa
tion illustrates fairly this disposition. The compara
tive charts prepared under the direction of Mr. Arthur
Hale, the Chairman of that Committee, have now
SE C T IO N .
5
nearly covered a period of five years, beginning with
the year 1907. Growing familiarity with the system
then instituted, and regular returns made by the
railroads, enabling the prompt tracing and location
of idle cars on “ foreign” systems for the adjustment
of pay-claims through a kind of Railway Car Clearing
House,have probably corrected much laxity in opera
tion, though ideal perfection is still far off. The
condition of things seen in 1907, when there was a
shortage of cars amounting to 150,000 cars,can hardly
be repeated unless the railroads are caught napping
by an unexpected burst of prosperity which may
find their rolling stock equipment inexcusably deficient.
The second fortnight in October has in every year,
beginning with 1907, found the surplus of cars at its
lowest figure, signifying in other words the employ
ment of cars in transportation. In 1907 the railways
were hard put to it to carry the crops in October, but
the crisis speedily reversed matters and at the end of
the year the surplus had reached the 200,000 mark.
In April following it extended to 400,000 and after
a rapid decline for the fall movement of the crops,
though the surplus never fell below 100,000, rose
again to 300,000 in January of 1909. The decline
was much more stubborn, but in October the surplus
was well below 50,000.
Climatic conditions of
the winter of 1909-10 probably accounted for the
fact that the surplus did not rise in January to any
marked extent. The maximum surplus was not
reached till July of last year and there was such
general employment of cars that the surplus reported
never reached 150.000.
The chart for the present year shows much better
uniformity than any of the four preceding years and,
considering that last winter was a fairly open one,
allowing quick transportation service without delays
due to severe snow storms and such climatic conditions,
it is believed that 1911 will prove to be a return to the
average type. The surplus for all cars rose to its
maximum in the first fortnight in March, when it
exceeded 200,000, and the decline since July, as the crop
movement approached, has been regular. The box
class of car, however, has found, it seems, much more
regular employment throughout the year, as the surplus
of these cars has scarcely at any time much overshot
the 50,000 mark. The box car is used for the carriage
of grain, and consequently the fortnightly fluctuations
as recorded on the comparative charts give a valuable
clue to the crop movement. In present season the
decline of the surplus has been regular and normal
since the crops began to move at the beginning of
August.
R A IL W A Y
H IS T O R Y
ILL U ST R A T E D
BY
THE
P A R IS -L Y O N S -M E D IT E R R A N E A N R A I L W A Y.
Before it is too late it were well that the early re
cords of American railroads should be sifted for the
material they contain as to the upbuilding of the
country’s railway system. The generation of pioneers
has now few survivors. Memory of the trials and
perils that beset the engineers who surveyed the
transcontinental routes is failing rapidly. Reminis
cences of those who actually laid the iron roads
across the desert and prairie are unfortunately be
coming rarer, and will soon be impossible to obtain.
Yet fascinating authentic stories of the persistent
struggle carried on half a centurv ago can still be
6
R A IL W A Y A N D I N D U S T R IA L
gleaned. The adventures that befell the original
surveyors for the trans-continental roads, the perils
they encountered in their conflict with nature, and
not less so with Indians, afford a more thrilling nar
rative than do the quieter beginnings of the railway
era in European countries. The ordinary engineer’s
report usually confines itself to the bare statement of
daily tasks and work carried out. But there must
be veterans still able to illumine the story so that
a worthy record of the early days of American rail
roading may be handed down.
How full of interest a railroad history of this sort
may be made, even if it is devoid of the picturesque
incidents associated with American railways, is shown
in the account recently published of the Paris-Lyons
and Mediterranean Railway of Franco.
The Jubilee Memorial volume of the greatest French
railway, is an admirable epitome of the system that in
Europe holds the rank accorded to the Pennsylvania
Railroad in the United States. The line originated
in 1857 on its present basis, but for its origin the authors
of the “ P. L. M’s” history rightly go back to 1782,
when Daubenton, after a visit to the mines of Mont
Cenis, described to Buffon how coal was carried on
roads of timber laid with rails along which a single
horse could easily haul several cars fitted with suitable
wheels. The same system of transportation of coal
had been in use in the Newcastle collieries of England
for at least a century previouly and the similarity of
origin in the two countries confirms the notion that
coal carriage was the real parent of the railroad.
The first railway made in France was on the road from
St. Etienne to Lyons and ran to a little port on the
Loire. This was the first portion of the modern system
of the Paris-Lyons-Mediterranean railway. It was the
project of the brothers Seguin, and the line was opened
in 1832. The friendship of Marc Seguin had an im
portant bearing on the contemporaneous introduction
of the steam railroad in England and France. Seguin
had obtained leave from the French Government to
import, duty free,two of Stephenson’s locomotives of
the “ puffing billy” type. They were too slow and
Seguin improved on them by inventing an engine with
S E C T IO N .
[V O L . L X X X X III.
the multi-tubular boiler, a short funnel replacing
Stephenson’s fifteen-foot smokestack, while he forced
the air into the furnace by a fan. This engine was
tried in November 1829, a month after the Rocket’s
demonstration at Rainhill, and was judged a great
success from its ability to haul 19 tons up an incline
of 1 in 250.
The “ P. L M.” developed in due course from carry
ing coal to carrying passengers and other freight. Its
extension to Marseilles met with vigorous opposition,
as road traffic between Lyons and Marseilles was then
carried on by ten thousand vehicles and forty thousand
horses,and the displacement of labor threatened wide
spread ruin. But the achievement was made in 1845;
and, as usual, better transportation facilities brought
work for supplementary industries. The carriage of
flowers alone in 1909 amounted to 9,929 tons— so the
receipts have grown from 79 million francs in 1858 to
518 million francs in 1909. The “ P. L. M.” has now
an army of 72,140 individuals in its employ. The
line, like its American counterparts, has played a con
siderable factor in politics, and not the least interesting
chapter of its annals is that which tells of its relations
to the State under the Second Empire. That the
Paris-Lyons-Mediterranean has lost none of its vigor
may be judged from the advanced work it is doing in
electrical construction. The heavy high-power elec
tric locomotive carrying four permutators, invented
by M. Auvert, the chief engineer of the railroad, has
especially won much attention lately. The results
of the tests have been so successful that a new loco
motive has been designed embodying its general
features.
The “ P. L. M.,” it is worthy of note, was prosperous
last year and was able to increase its net revenue.
It is to be congratulated on having repaid to the
State all that has been advanced to it from the State
guaranty fund for the payment of dividends. Of
the five great French railways it is somewhat interest
ing to find that the Est still maintains its proud tradition
of making no appeal to the State guaranty for its
dividend, in spite of the heavy burdens recently laid
upon the railways.
RAILROAD COMPANIES.
FOR MISCELLANEOUS COMPANIES, ETC., SEE PAGES
150 TO 176,
INCLUSIVE.
— This Supplement Is expressly Intended for use in connection with the Investment news and official reports published from w eek t o
week In the “ Chronicle.”
Frequent reference Is therefore m ade to the volum e and page of the "Chrdnlcle” (as V . 88. p. 000) . where fuller Inform s o
m av be found. Following also each statement Is given a reference to the latest news Item In the "Chronicle” respecting the com pany. A s e v e r y
such Item contains a reference to the last preceding item , the reader can run back over the com p a n y’s history at pleasure. Annual reports arc In
EXPLANATORY
S y ^ o m p k n y not In regular alphabetical order m ay be found b y means of the Index, on another page, to roads leased^and^ consolidated.
The dividends tabulated In the text are those actually p aid during the calendar years nam ed, irrespective of w h en earned,
dlvs.
Is
D iv id en d s.—
Sacur^lfej1.— These are described In table at head of page (except the stock, for lack of space, sometimes only in text below) as follows:
N et E a rn in gs are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
M i l e s o f R oa d . — Opposite bonds, this means the miles o f road owned covered b y the m ortgage.
S iz e or P a r V a lu e . — Shows (In dollars unless otherwise m arked), the denominations or par value,
100, & c., signifying *100 and larger.
Rale P e r C en t.— T h e Interest and dividend rate per an n u m Is here shown: g, gold: cur. currency, x . extra: s. stock or scrip.
_ . . .
W h en P a y a b le .— J A J stands for January and July; F & A , February and August: M & S, March and Septem ber: A & O, April and O ctob w , U A N .
May and Novem ber: J & D . June and December; Q-J, quarterly from January: Q-F, quarterly from February: Q-M . quarterly from March.
con v for "convertible Into stock at holder’s o p tio n "; pref for "preferred” ; pref p & d Prefe)[yed
. _____
1gr for “ land grant” : r "fu lly registered (no cou pon s)” ; c "c o u p o n ” ; c* "cou p on , but m ay be registered as to principal ; r registered, convertible
Into coupon bonds” ; br "bran ch ” ; end “ endorsed” ; red, "redeem able” ; dr'n or drawn, “ subject to call when drawn b y lot ; p m . per mile ; as d .
"assum ed” ; x . “ payable without deduction for any t a x .”
M ortgage Trustees and Stook Transfer Agents (TR Treasurer’s Office) are indicated thus:
P H IL A D E L P H IA —
BOSTON—
CHICAGO—
„
, ...
N Y CITY— (Concluded)
NEW YO RK CITY—
FP — Fidelity Trust
CE — Central Trust Co of 111 AB — American Trust
S
— Standard Trust
B a — Bankers Trust
BB
—
Boston
Safe
Dep
&
Tr
GP
— Girard Trust
CC
—
Continental
&
Com
Ta
— Trust Co of America
Ca — Carnegie Trust
GuP— Guaranty Tr & S Dep
mercial Tr & Sav Bk IB — International Trust
Un — Union Trust
Cc — Central Trust
P I P — Provident Life & T rust
NB — New England Trust
FC — First Trust & Sav Bk
Us — United States Trust
C o l— Columbia Trust Co
P e P — Penn Co for Insur on
Usm — U S Mtge A Trust Co IC — Illinois Trust A Sav Bk OB — Old Colony Trust
Em — Empire Trust Co
Lives & Gr Annuities
MC — Merchants’ Loan & Tr SB — State Trust
E q — Equitable Trust
W P — W est End Tr & S D
ST LOU IS—
NC — Northern Trust
F — Farmers’ Loan A Trust
BALTIM ORE—
MSt—
Mississippi
Valley
Tr
RC — R oyal Trust
BBa — Baltimore Trust
(j — Guaranty Trust
SSt — St Louis Union Trust
PITTSBU RGH —
UC — Union Trust
K — Knickerbocker Trust
C oB a — Continental Trust
CPi — Colonial Trust Co
SAN FRANCISCO—
W C — Western Tr & Sav Bk
FBa — Fidelity Trust Co
Ma— Manhattan Trust
CS
— California Safe Deposit FP1 — Fidelity Title A Trust
LOUISVILLE—
MBa — Maryland Trust
Me— Mercantile Trust
PPi — Pittsburgh Trust
A Trust
MeBa— Mercantile Tr <3o Dep CL — Columbia Finance A Tr
N — New York Trust
U P i— Union Trust
SBa — Safe Dep A Trust Co FL — Fidelity Tr & Safety V US — U nion Trust Co
LL — Louisville Trust
S u b s cr ib e r s
w ill c o n f e r a f a v o r
R A IL R O A D C O M P A N IE S .
[F o r abbreviations, A c . , see notes on first page]
g i v i n g im m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d
M iles Date
Road Bonds
82
—
290
___
mmm
—
—
1910
$ 1 ,0 0 0
1902
1910
1 ,0 0 0
1 .0 0 0
1878
1888
1905
1906
1909
1 ,0 0 0
£100
1 .0 0 0
1 ,0 0 0
1 ,0 0 0
————
*75
1890
1890
1890
1906
143
143
143
143
QU
K
O
1881
1889
1889
1896
£10
£10
£ 5 0 &o
£ 2 0 &c
£ 2 0 Sc c
1 ,0 0 0
100
1 ,0 0 0
1 0 0 Sec
1 00 fe e
1 .0 0 0
100
1 , 0 0 0 &c
100
1 ,0 0 0
£100
$ . £ , &o
CE A R N °IN G S — i n ’ caf.’ vca r’ 1910 net from investments was $204,848^
paid general expenses (£ 4 :3 5 8 ). Income tax (£ 1 1 ,1 9 5 ). Interest on “ A de
bentures (£ 3 5 ,2 5 9 ), on " B ” debentures 5 % paid In Jan. 1911 (£ 4 9 .3 6 2 ), on
" O " debentures, 5 % paid Dec. 1 1910 (£3 8 .1 6 9 ): sink, fund to extinguish
debenture discount. £ 4 ,6 0 0 . brought In from 1909, £ 4 ,8 9 5 d lv. pref
A
( 4 H % ) . £ 6 3 ,5 6 2 ; balance, surplus, £ 3 ,2 3 9 .— (V . 9 2 , p. 460.)
5 g
When
Payable
J
J
996.000
4 g
J
See text
6 g
7 ,830,000 See text See
3.38 0 .3 5 0 6 In 1911 F
1,750,000 5 (6 ) g
J
J
£ 8 1 0 .0 0 0
5 g
$350,000
4 « f F
M
6 6 6 ,0 0 0
4 )4
J
800,000
4H
50
50
A B ER D EE N & ASHEBORO R Y .— See page 175.
A K R O N & BARBERTON BELT R R .— Owns a belt line around Barber
ton O and also extends to Fatrlawn and Akron, O .; total 4 0 .2 miles. A
consolidation In May 1902; V . 74, p. 1088. Stock, $100 ,00 0, owned equally
hv th e Cleveland Akron fc Columbus, Balt. & Ohio, Erie R R . and Northern
Ohio R y
Bonds auth., $1,500,000- Issued, $ 1,100,000: $104,000 redeemed
hv sinking fund: $400,O00 reserved for future requirements. Drawnjat 105
yearly for sinking fund of $11,550 per annum .— (V . 78. p. 2598.)
A K R O N CANTON & YO U NG STOW N R Y .— To” extend fro m ’Maln S t.,
Akron O to Mogadorc, 18 H miles. Incorporated in June 1907. Stock
authorized $1 5 00.000 . The bonds ($1,500,000 authorized Issue) arc subfiJ,V1t0„ o l n o t '1 0 5 after Jan. 1 1915; the stockholders voted to redeem them
not later than July 1 1916; Cleveland Trust C o., trustee. V . 92. p. 1434.
Pres , H . B f Stewart, Canton! O .; Treas.. R . M . R ad; Sec., W m . Simpson.
— (V . 9 2 , p. 1434.)
„ ,
„
a i A ftA M A G R E A T S O U T H E R N R R .— (See M ap Southern R y .l — -o w n s
W auhatchlc, T enn.. to Meridian, M iss., 291 miles;
Chattanooga, 5 miles, and Belt R y. of Chattanooga, 49 miles, owns half
Interest In W oodstock fc Blocton R y ., 8 miles; trackage to Gadsden, A la ..
6 miles; total operated, 358 miles.
O R G A N IZ A T IO N .— Controlled by Southern
but operated Inde
pendently. V . 81. p. 1722: V . 82. p. 159. Owns $833,300 stock of South
western Construction Co. received In exchange for $833,300 Cincinnati New
Orleans fc Texas Pacific stock.
•
........................
. •
• •
D IV I D E N D S .— ’0 1 . ’0 2 . ’0 3 . ’0 4 . ’05 t o ’0 8 . 1909.
1910.
1911.
Common s t o c k . . - . 0
0
0
0
0
June. 2 Below June 2 H
Pref. stock________ 9
9 10
9
6 yearly
6
0
b
In 1910. on common, June, 2 % ; Deo., 2 H % ; 1911, June, 2 H / o .
B O N D S .— Gen. m tge. 6s, £ 4 8 4 ,0 0 0 , will retire first 6s and debentures.
L A T E S T E A R N IN G S .— (1911---------------Gross, $720,488; net, $228,648
2 m os., July 1 to Aug. 3 1 .( 1 9 1 0 - - ...........Gross, _ 740,021 ; net, 212,122
A N N U A L R E P O R T .— Report for year ending June 30 1910. in V . 91, p.
1156, showed: Gross, $4,479,120: net. Including outside operations, $ 1 ,0 6 2 ,
018: other Income, $489,019: deductions, $595,998; balance for stock,
$955,039; pref. dlvs. ( 6 % ) , $202,821; com . dlv. ( 5 % ) , $391,500; balance,
surplus, $ 360 ,71 8.— (V . 91. p. 1156, 1628: V . 93. p. 1104.)
A L A B A M A N E W O R L EA N S T E X A S & PACIFIC JUNCTION R A IL
W A Y S (Ltd ) .— An English co. controlling A la. fc Vicksburg, 143 miles;
Vicks. Shreveport fc Pac.. 189 m .: New Orleans & Nor. E a st., 196 miles.
D IV I D E N D .— Pref. " A , " 3 H % Mch. 10 1908; 2 H % M ch. 1910, and
M ch. 1911: overdue about 1 6 1 % .
S E C U R IT IE S O W N E D .— Alabama fc Vicksburg $30,000 1st m tge.,
$352 400 2d m tge., $141,100 consol, m tge. and $ 1 ,168,000 stock: Vicks
burg Shreveport 4c Pacific. $1,613,000 gen. m tge. $ 2,080,100 pref. and
$2 773 500 com stock; New Orleans fc North Eastern, $ 5,295,000 gen.
mtge ’ $1 500 000 incomes and $5,320,000 stock; Southwestern Construc
tion C o ., $448,700 stock: Railroad Lands C o., $108,850 (of $120,000) stock.
C O U PO N P A ID — For:
’ 94. ’9 5 . ’90. ’ 97. ’ 98. ’9 9 . ’0 0 . ’0 1 . 02 to I t .
“ B;;
do
.875 1
2H 2 X 4 H ^
5
5 % yearly
$164,000
%
Sc
D
A
A
&
&
N
J
Pla ces W h ere Interest and
D ividen d s are P a ya b le
1 1940
Merc T r 4s Dep Co, Balt
June 1 1 9 4 2
July 1 1930
June 2 7 ’ l l 2 )4
Aug 2 8 ’ l l
3%
Dec 1 1 9 2 7
Dec 1 1 9 2 7
To Feb 1915
To M ay 1 1916
Jan ’ 1 2 -J u ly ’ 19
U S Mtge & Tr C o. N Y
First coup Jan 1912
See text
do
Farm L fc Tr. N Y ; 4c Bos
Glyn, Mills, C A C o, Lon
Blair fc Co, New York
Franklin Trust Co, N Y
Empire Trust Co, N Y
J Jan
A D
& J
text
<fc A
fc
J
A
Last Dividend
and Maturity
£ 1 ,5 0 0 ,0 0 0 See text March M c h ’ l l . 4
£ 2 500 000
M & N N ov 1 1 9 4 0
£ 7 4 8 ,8 5 0
5 g
M A N Nov 1 1 9 4 0
£ 1 .0 4 8 .3 9 0
5 g
A A
O Nov 1 1 9 4 0
£81 0 .6 5 3
5 g
O Oct 1 1956
A
&
$662,000
5 5
Yearly Sept 4 1 9 1 1 7 %
2 , 1 0 0 . 0 0 0 7 In 1911
A & O Apr 1 1 9 2 1
1 ,0 0 0 . 0 0 0
6 g
A A O Apr 1 1 9 2 1
5 g
588.800
Apr 1 1921
A A
434.900
5 g
A
J
.1 Jan 1 1946
5 g
400,000
J July 1911 4 H
A
12.45 J
3 ,500.000
See text
3 >4 g A A o Apr 1 1946
M A N
600,000
3
A
J
J Jan 1 1959
7.400.000
5 g
J
A D June 1 1900
5 g
£ 9 2 4 ,6 0 0
V arious T o Aug 15 1921
] .0 0 0 ,0 0 0
0 g
S Mch 1196 1
M A
5 g
£513 ,0 0 0
o
>
---
1906
1909
1910
1911
1911
Rate
o
12
Amount
Outstanding
LO
142
Par
Value
in t h e s e t a b l e s .
£
Aberdeen & Asheboro Ry— 1st M $164,000 g.M eB a .c*
Adirondack Ry— See Delaware & Hudson Co.
Akron fc Barberton Belt— 1st M s f (text) g U sm .c*& r
Akron Can & Young— 1st M $1,500,000 g red 105beg’ 15
Alabama Great Southern— Ordinary stock.......................
• Preferred stock 6 % $ 4 . 0 0 0 , 0 0 0 - - .......... — ---------- -
First M gold ext in 1908 (V 85, p 1645, 1 460 )— F.c
General mortgage £ 1 .1 6 0 ,0 0 0 ---------------- ------------Ce.o
Car trust $50,000 due semi-annually gold-------------N
Do
$74,000 due s-a gold (V 82, p 8 6 7 ) - - - - - Do
Scries D, due $50,000 s-a (V 8 8 . P 1 5 5 9 ).
Alabama Midland— See Atlantic Coast Line RR
Ala N O Tex & Pac Jet— Preferred " A ” stock b % cum
Deferred " B ” s t o c k ..-------- ---------------------------------------" A ” debenture redeemable since 1910 at 115---------c
“ B ” debentures Income redeem since 1910 at 1 1 5 .0
" C ” debentures Income subj to call any time at 100
Alabama Tennessee & Northern— 1st M gold ( t e x t ) .K
Alabama & Vicksburg -Stock (see te x t ). . . . . . . . . . .
Vicksburg f c Meridian 1st M g $ 1 ,0 0 0 ,0 0 0 — F.xc*
Alabam a & Vicksburg cons 1st M $ 1,800,000 g .C e.o
2d M orlg $700,000 g (1st M on 7,617 acres) .C e.o
Albany & Northern— 1st M gold ($50,000 are p r e f) ..c
Albany & Susq— Stook dividends guar by D f c H (end)
1st M $10,000 ,000 g gu p f c I conv(tcxt) .U s m .c * & r
Albany & Vermont— Stock 3 % guaranteed by rental
Alberta & Gt W a t — 1st M deb $7,400,000 g gu tc .x t..
Algoma C & H Bay— 1st M g gu red 105 te x t.U s m .o *
Equipment notes A & B, due $100,000 yrly red par.
Algoma East R y — Man A N o S b 1st M g gn rcd .U sm c*
by
London
Glyn, Mills, C & Co, Lon
do
do
See text
Knickerbocker T r C o.N Y
Central Trust C o. N Y
do
do
do
do
do
do
H am bleton
4: Co,Balt
Del fc H udson Co. N Y
do
do
T roy , N Y
N Y , Montreal
&
London
M ob ile Sc O h io , to Y o r k . 75 m iles, co m p le te d D e c . 1910. S to c k a u th o r iz e d ,
$1 0 ,0 0 0 per m ile; o u ts ta n d in g , $ 5 5 0 ,0 0 0 .
„ ___ ^
,
,
...
O f th e b o n d s ($ 1 ,5 0 0 ,0 0 0 a u th . issu e). $ 23 2,00 0 w ere Issued a g a in s t
th e first 29 m iles, $ 3 0 ,0 0 0 h a v e been issued fo r a steel brid g e o v e r th e
T o m b lg b e c R iv e r , $1 0 ,0 0 0 w ere Issued fo r a steel brid g e o v e r the N o x u b e e
R iv e r , rem ain der Issuable a t the rate o f $ 8 ,0 0 0 per m ile fo r a d d itio n a l
m ileage, b u t o n ly w h en the net earnings o n co m p le te d m ileage fo r the p re
v io u s fiscal y e a r are e q u iv a le n t t o Interest o n b o n d s t o b e Issued In a u d ition
to b o n d s o u ts ta n d in g , an d $26 0,00 0 fo r e q u ip m e n t on th e basis o f 10-1 lth s
o f c o s t o f e q u ip m e n t. V . 83. p . 1036. G u arantees, Join tly w ith T o m b lg b e e
V a lle y R R . , the M ob ile T e rm in al f c R y . 1st 6s ($50 0 ,0 0 0 a u th . Issue), o f
w h ich $ 2 5 0 ,0 0 0 , o u ts ta n d in g .
V . 9 1 . p . 716 . F o r y e a r en d in g J u n e 30
1911, g ross, $1^ 0,194, against $ 86 ,483 In 1908-09; n e t, $57 ,2 2 2 , against
$ 4 8 ,3 2 7 .
F o r 2 m o s . e n d in g A u g . 31 1911, gross, $ 20 ,903 , again st $ 15 ,479
In 1910; n e t, $ 1 0 ,1 2 6 , against $ 7 ,5 7 4 .— V . 91, p . 716 .
A L A B A M A & V IC K S B U R G R Y .— O w ns V ick s b u rg t o M erid ian . M iss.,
an d b ra n ch , 143 m iles. C o n tro lle d b y A la b a m a N ew O rl. T e x a s & P a c .
S T O C K .— S to c k w as Increased fro m $ 1 ,0 5 0 ,0 0 0 t o $ 2 ,1 0 0 ,0 0 0 In Ju n e
1910, th e new s to c k b e in g d is trib u te d as a 1 0 0 % s t o c k d iv id e n d .
D I V I D E N D S .— 1890 t o 1892. 3 % y e a r ly ; 1896. 3 % ; 1897 t o 1899. 5 % :
1900 t o 1902. 6 % y e a r ly ; 1903, 9 % ; 1904 t o 1311, 7 % y e a r ly . S to c k
d iv id e n d 5 0 % In 1900 an d 1 0 0 % In 1910.
B O N D S .— $ 1 ,0 0 0 ,0 0 0 co n s o ls are held t o retire V ic k s . A M eridian firsts.
E A R N I N G S .— 2 m o s .,/1 9 1 1 ___________G ross, $ 24 9,98 9:
n e t, $52 ,070
J u ly 1 to A u g . 3 1 .
) 1 91 0........ ........... G ross, 2 7 8 ,4 3 6 ; n et, 9 6 ,8 0 5
R E P O R T .— F iscal y e a r en ds J u n e 3 0 . R e p o r t , V . 9 1 , p . 1248.
Years —
Gross.
Net Inc.
In t., A c . Dal., Sur.
Dividend.
191 0 -1 1 .......... .$ 1 ,7 4 1 ,9 4 3 $488,421
$12 2,16 4 $36 6 ,2 5 7
( 7 % ) $ 1 4 7 ,0 0 0
1909-10
- - - 1 ,6 7 2 .3 5 0 56 2 .4 6 5
120 .437
4 4 2 ,0 2 8 ( 7 % ) 1 47 .000
— ( V . 9 0 , p . 1361; V . 91, p . 1159, 1 2 4 8 ; V . 9 3 , p . 1021.)
A L A S K A NORTHERN R A I L W A Y — P r o je c te d fro m S ew ard on sou th
c o a s t o f A la sk a n o rth to near F a irb a n k s. *n T a n an a R iv e r 450 m iles .O f
th is, 70m lles from S ew ard n orth w ere In o p e ra tio n S e p t. 1 1907. a n d 42 m iles
p a rtly c o n s tr u c te d .
P r o je c te d 30 m iles t o co a l fields an d 300 m iles to
ld a t a r o d c o ld fields. S u ccessor t o A lask a C en t. R y ., fo re clo s e d O c t . 11
1909
V . 8 9 , p . 1140. 1222; V . 8 7 , p . 281 . S to c k a u th ., $ 3 0 ,0 0 0 ,0 0 0 .
o u t s t a n d in g $ 5 ,0 0 0 ,0 0 0 . P r e s . O scar G L a b e re e , S p o k a n e , W a s h .—
( V . 89, p . 1222.)
A L B A N Y & NORTHERN R Y — A lb a n y . G a .. t o C o rd e le . 3 7 m iles.
In F eb ru ary 1910 th e G eorgia S ou th w estern Sc G ulf a cq u ire d c o n t r o l.
V 90 n . 503 . S t o c k . $ 3 5 0 ,0 0 0 ; par o f shares, $10 0. O f th e b o n d s,
$ 50 ,000 h a v e a prior lien . See o fficia l s ta te m e n t, V . 7 6 , p . 7 4 9 . C ar trusts
6s $ 1 5 ,0 0 0 . d u e $ 3 ,000 y e a r ly to N o v . 1 1916 In clu sive. Y e a r e n din g
Ju n e 30 1909. cro ss, $79 ,699 : net In com e, $12 ,7 6 1 ; ln t . o n b o n d s, $21 ,4 5 8 ;
ta xes a n d rentals, $4 ,5 3 2 : b a l., d c f ., $13 ,2 2 9 .
P res, a n d G en. M g r ., W . M .
L e g g ; S e c. a n d T re a s !. H . J . B r u to n . O ffice . A lb a n y , G a .— ( V . 90. p . 501 )
A I B A N Y & SU SQ U E H A N N A R R .— (See M ap Delaware A H udson.)—
R O A D .— O w ns A lb a n y t o B in g h a m to n , N . Y . , 142 m iles.
L E A S E D fo r term o f ch a rter, v iz ., 150 years fro m A p ril 19 1851, t o D el. Sc
H u d s o n C o .; rental w as 9 % per a n n u m o n s to c k (see g u a ra n ty , V . 56. p .
774) b u t th e co u rts h avin g held th a t th e s to c k Is e n title d t o the be n efit of
re fu n d in g e ffe cte d In 1906. $ 12 0,75 0 a d d itio n a l rental Is p aid In J a n .
v e a rlv . begin n in g 1910, m ak in g 3 .4 5 % a v a ila b le fo r e x tr a d iv id e n d s on
th e s t o c k . B A sp ecial d iv id e n d o f 3 0 % ($1,0 5 0 ,0 0 0 ) w as p aid N o v . 16 1909
fro m the pro ce e d s o f th e Jud gm en t fo r b a c k rentals d u e b y rea son o f re
fu n d in g . V . 8 9 . p . 1141. 1666; V . 90. p . 913 .
8
R A IL W A Y
R A IL R O A D C O M P A N I E S .
[For abbreviations, & c., see notes on first pane]
S T O C K S A N D BO N D S.
Miles
Date
Road Bonds
A lle g h e n y & W e s te r n — S to c k $ 3 , 5 0 0 . 0 0 0 ) -----------------66
F irst M $ 2 ,5 0 0 ,0 0 0 gold gu ar p A 1 (e n d ) _____Q .c
66
A lle g h e n y V a lle y — S ee P en n sy lv a n ia R R
A lle n to w n T e rm in al— 1st M gu ar p & I (end) g_ .C e .x c
3
A m a d o r C en tral— 1st M gold ( 2 % s t begins 1 9 1 3 ) _____
13
A n n A rb o r— F irst m tg e $ 7 ,0 0 0 ,0 0 0 g o ld _____A lp .x c*
292
2 -y e a r g n otes sec b y $ l ,0 0 0 ,0 0 6 lm p t A e x t b d s red 101
___
I m p t an d e x t M $ 1 0 ,0 0 0 ,0 0 0 g o ld ________________
E q u ip b o n d s, ser A gold d ue $ 3 3 ,0 0 0 s e m l-a n n . _Ba
___
do
ser 13 g d u e $ 3 0 ,0 0 0 s -a red 102 14 (V 9 2 , p 59) . c
___
A p a la c h ic o la Northern R R — F irst m tg e $ 2 ,0 0 0 ,0 0 0 g - .
102
A r g e n tin e C en tral— 1st M red 1 9 12 a t 1 0 6 _____________
A r iz o n a E a ste r n — Gila V a il G1 A N 1st M gold g u .M p
125
F irst refu n d in g m o r tg a g e __________ _ _
A r k a n sa s L ou isiana & G u lf— 1st M $ 6 ,0 0 0 ,0 0 0 g o l d . .
143
A r k a n s a s O k ja & W e s t — See K a n C ity A M em p h is R y
A sh e v ille & S p a rta n b u rg — See S ou th e rn R y , C arolina D iv .
A sh la n d Coal & Iron— S to c k _______________________________
F irst refu n d in g m o rtgage $ 4 0 0 ,0 0 0 g o l d . .................N
22,
A sto ria & C o lu m b ia — F irst m tg e $ 8 ,0 0 0 ,0 0 0 .............. Ce
81
A tc h iso n & E astern B rid ge— 1 s t M g s t red a t p a r . .C e
A tc h T o p & S an ta Ee R y — S to c k , c o m $ 3 5 0 ,0 0 0 ,0 0 0 ___
S to c k pref $ 1 3 1 ,4 8 6 ,0 0 0 5 % n o n -c u m ________________
C hicago & S t L ou is 1st M ( $ 1 0 ,0 0 0 p m ) c u r _____F .c
14 2
C hicago S a n ta F e & C alifornia 1st M g o ld .IJ B .c * A r
440
General m o rtg a g e gold (see t e x t ) __________ U n .c '& r
8 ,3 3 7
A d ju s t Inc M cu m since J u ly 1 1 9 0 0 g . - C e . c ’ &r 8 ,3 3 7
do
do
Interest sta m p e d p a y a b le M & N _______
8 .3 3 7
E astern O k la h o m a D lv 1st M $ 9 ,6 0 3 ,0 0 0 g - . G . c * A r
480
T r a n s c o n S L I s t M $ 3 0 ,0 0 0 ,0 0 0 g red 1 1 0 _ a x c * r & r *
694
___
D e b gold Ser J to L $ 2 ,5 0 0 ,0 0 0 ea ch , call 1 0 5 G c A r
___
B o n d s $ 4 9 ,7 1 1 ,0 0 0 c o n v c om stk red (te x t) . G . c ’ A r
___
B o n d s $ 2 6 ,0 5 6 ,0 0 0 c o n v com stk red (te x t) . S .x c * A r
B o n d s $ 2 8 ,2 5 8 ,0 0 0 g c o n v com stk r e d ( t e x ) G .x c * A r
___
B d s $ 4 3 ,0 8 6 ,0 0 0 g c o n v com stk r e d (te x t) G .x c * A r*
___
H u tc h ln A S o 1st M g red 105 since 1 9 0 8 . . . O B .c *
141
S a n Fr & S an Jo V al I s t M g c a ll 110 a ft 1 9 1 5 . - B a . c
372
S a n ta F e Pres A P h oe n ix— 1st M $ 5 ,0 0 0 ,0 0 0 g B a .c *
198
G u lf B e a u m o n t & K a n sa s C ity 1st M g o ld __________
63
do
do
2d M ( $ 1 1 6 ,0 0 0 are 6 s ) __________
63
P r e sc o tt A E astern 1st m tg e prln A Int g u a r ____ Ce
2 6 14
1 8 98
Par
Value
Amount
Outstanding
Rate
%
$100
1 ,0 0 0
$ 3 ,2 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
6 g
4 g
J
1 ,0 0 0
500
1 ,0 0 0
1 ,0 0 0
4 5 0 ,0 0 0
3 0 0 ,0 0 0
7 ,0 0 0 ,0 0 0
6 0 0 ,0 0 0
See t e x t
5 2 8 ,0 0 0
5 7 0 ,0 0 0
2 ,0 0 0 ,0 0 0
2 0 0 ,0 0 0
1 ,4 9 9 ,0 0 0
7 ,0 0 0 ,0 0 0
1 ,2 3 0 ,0 0 0
4
5
4
5
5
5
5
5
6
5
5
5
J
M
1 8 89
1 9 08
1895
1911
1911
1 9 09
1911
1 9 05
19 06
1 8 94
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
500 Ac
1 ,0 0 0
1 9 07
1 ,0 0 0
1 9 00
18 96
1 8 98
_____
1885
1887
1 8 95
1895
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1S92
1893
1893
1 8 98
50
1 ,0 0 0
1 ,0 0 0
100
100
1 ,0 0 0
1 ,0 0 0 A c
500 Ac
500 Ac
500 Ac
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,6 6 6
B O N D S .— T h e $ 1 0 ,0 0 0 ,0 0 0 '.I'As Issued to refu nd the $ 1 0 ,0 0 0 ,0 0 0 6s and
7 s A p ril 1 1 9 0 6 w ere In J un e 19 0o olTered a t par pro rata to stock h o ld ers of
th e D . & H .
T h e b on d s are g u a r . p . A 1., an d u ntil A p ril l 1910 c o n v e rti
b le Into D . A H . sto ck — $ 5 0 0 sto ck for $ 1 ,0 0 0 b o n d s.
O f the bon d s $ 3 ,
6 5 6 ,0 0 0 h ad been c on ve rte d to O c t. 1 9 1 1 .
V . 8 0 , p . 1174, 1362, 23 4 3 .
F o r m of g u a r a n ty , V . 8 2 . p . 9 8 9 .
V ic e -P r e s ., G e o .W e lw o o d M u rra y ; S ec . and T r c a s ., W . L . M . P h e lp s. N ew
d irectors (O c t. 1 9 0 9 ) , V . 8 9 , p . 1 0 6 8 .— ( V . 8 9 , p . 1 6 6 6 ; V . 9 0 , p . 9 1 3 .)
ALBA N Y & VERMONT R R . — O w n s road from A lb a n y to W a te r fo r d J e t .,
N . Y . , 12 m iles.
L e a sed to R ensselaer & S a ra to g a in 1 8 60 an d now oper
a te d b y D elaw are A H u d so n C o .
A n n u a l r en ta l, $ 2 0 ,0 0 0 .
ALBE R TA & GREAT W A T E R W A Y S R Y .— In N o v . 1 9 0 9 $ 7 ,4 0 0 ,0 0 0
1st M . d e b . 5 s ,g u a r .p . & I .b y th e P rovin ce o f A lb e r ta , w ere sold In L on d o n ,
b u t In D e c. 1 9 1 0 th e P rovin ce fo r m a lly canceled the a greem en t an d w ill use
th e proceeds for general purposes an d n ot con stru ct the r o a d .
V . 91, p.
1710.
S ta n d a rd T r u st C o . o f W in n ip e g , tr u s te e .— ( V . 9 1 , p . 2 1 3 , 1 7 1 0 .)
, ALGOMA C EN TRAL & HUDSON BAY R Y .— O w ns from S a u lt S te . M a
rie. O n t ., to P a n g lssln , 7 0 m iles; branch to H elen M in e, 12 m . B ein g e x
ten d e d to a conn ection w ith the C a n . P a c . R y . so as to run from S a u lt S te .
M arie to near H e b r o n , O n t ., 2 0 3 m iles, w ith b ranches, 2 2 in ., the H a w k e
L a k e section b ein g c om p leted O c t. 1 9 1 1 ; to ta l to be 2 2 5 m iles.
Cash su b
s id y , $ 6 ,4 0 0 per m ile.
L an d gra n t, a b o u t 1 ,6 5 5 ,0 0 0 acres.
S to c k , c o m m o n , $ 5 ,0 0 0 ,OIK), all ow n ed b y L a k e S u p erior C orpo ra tion ,
w hich gu arantees th e 5 % bon d s (see ta b le a b o v e ) , to b e Issued a t $ 3 0 ,0 0 0 per
m ile, an d h olds $ 1 ,1 2 5 ,0 0 0 o f the $ 5 ,0 0 0 ,0 0 0 5 % n o n -c u m . p ref. sto ck for
th e b en elR of th e ro a d .
In Jun e 1 9 10 £ 7 7 0 ,0 0 0 bond s w ere offered In L o n
d on an d in O c t. 1 9 1 0 $ 1 ,0 0 0 ,0 0 0 In P aris.
V . 91. p. 93 , 1159, 1327, 1573.
T h e series A an d B eq u ip m en t n o te s, $ 5 0 0 ,0 0 0 ea ch , d ated M a y 15 and
A u g . 15 1 9 1 1 , m a tu re $ 5 0 ,0 0 0 each scries y e a r ly . V . 9 2 , p . 1 6 3 5 . P res., T .
J . D r u m m o n d , M on tre al, Q u e .; S ec . an d T r e a s ., T h o m a s G ib so n , T o r o n to ,
O n t .— ( V . 9 1 , 1 3 2 7 , 1 5 1 1 , 1 5 7 3 ; V . 9 2 , p . 2 5 9 . 1 3 0 9 , 1 6 3 5 .)
ALGOMA EASTERN R Y . — O w n s from S u d b u r y , O n t ., to Crean H ill,
2 3 m .; b ranches, 3 m .; ex te n sion from S u d b u r y to L ittle C urrent (M an ltou lin
Isla n d ) th rou gh nickel an d copp er d istricts, 8 6 m ., to be c om p leted early In
1 9 1 2 . F o r m e r ly M an itou lin & N orth Shore R y ., n am e being chan ged M a y 19
1 9 1 1 . C o m p a n y will receive on co m p letio n a land gran t o f 7 0 3 ,2 0 0 acres In
O n ta rio an d cash su bsid ies fro m P rovince and D om in ion of C a n a d a . V . 9 2 ,
p . 2 6 5 . C o m . stock as Increased M c h . 1 1 9 1 1 , $ 2 ,0 0 0 ,0 0 0 , an d p ref. 5 % , n o n c u m ., $ 1 ,0 0 0 ,0 0 0 , o f w hich $ 1 ,0 0 0 ,0 0 0 and $ 8 0 0 ,0 0 0 , resp ec tiv ely , to be
ow n ed b y L a k e S uperior C o rp o ra tio n .
B on d s a u th ., $ 3 ,0 0 0 ,0 0 0 1st M . 5 0 ye ar gold 5 s . Issuable a t $ 3 0 ,0 0 0 per m ile, g u aran tee d , principal an d Inter
e st, b y L a k e S up erior C orp o ra tion .
In J u ly £ 5 1 3 ,6 0 0 bon d s were offered in
London.
T h e y are su b je c t to call as a w hole a t par or m a y be d raw n at
1 0 5 from su bsid ies or th e proceeds o f land sales.
Sub sid ies an d land sales
m a y b e used to m ak e good a n y d eficien cy In b on d Interest until M arch 1 9 1 6 .
V . 9 2 , p . 3 9 6 , 4 6 2 , 5 2 7 , 10 32 ; V . 9 3 , p . 2 2 7 , 4 0 6 .
Y e a r en d ing Jun e 3 0 1 9 1 0 , gross, $ 8 1 ,0 1 3 ; n et, $ 3 2 ,2 4 0 .
P r e s., T . J .
D r u m m o n d , M o n tr e a l, Q u e .: S ec . and T r c a s ., T h o m a s G ib son , T o r o n to ,
O n t .— ( V . 9 2 , p . 3 9 6 , 4 6 2 , 5 2 7 ; V . 9 3 . p . 2 2 7 , 4 0 6 , 7 9 5 .)
ALLEG H EN Y & W ESTERN R Y . — (See M ap R uff. Roch. & Pttts.) —
P u n x su ta w n e y to B u tler, P a ., 6 0 m iles; b ran ch , N ew C astle, P a ., to C em ent
W o r k s , 6 m .; to ta l, 6 6 m iles.
A n ex ten sion of B uffalo R o ch ester A P itts
b u rg h , to w hich leased in p erp etu ity for gu a ra n ty of bond s an d 6 % on sto c k .
U ses B a lt . & O h io from B utler to N ew C astle and P ittsb u rgh under a track
age a rra n g em e n t, m a k in g In all 14 7 m .
See V . 7 0 , p . 8 4 9 .— ( V . 8 2 , p . 6 9 1 .)
ALLENTOW N R R . — T o p to n to Ifu tz t o w n , P a ., 4 .3 9 m . S to c k , $ 1 ,2 6 8 ,
8 8 4 (p ar $ 5 0 ) , Incl. $ 1 ,0 7 1 ,4 0 0 p led ged u nd er R e a d in g C o . g e n .M . No b o n d s.
ALLENTOW N TE RM IN A L R R . — O w n s 2 .9 1 miles o f railroad In A lle n
to w n , P a ., c on n ectin g th e E a st P en n . (P h ila . A R ead ing) w ith th e C e n t, o f
N . J.
L eased for 9 9 9 years to P h ila . A R e a d , an d C en t, o f N . J . (b y assign
m e n t from L ehigh C oal & N a v ig a tio n C o.) a t Interest on bon d s an d 5 % on
$ 4 5 0 ,0 0 0 sto ck (par $ 5 0 ) , bon d s b ein g gu aran teed , principal an d Interest,
b y P h ila . A R e a d .-R R . C o . (foreclosed) an d L ehigh C oal & N a v ig a tio n .
AMADOR CEN TRAL R R . — lo n e to M a rtell, C a l., 13 m .
p ar, $ 1 0 0 .
U n ion T ru st C o ., S an F ran cisco, Is m ortgage
p . 156.
Y e a r en d ing J un e 3 0 1 9 1 0 , gross, $ 8 5 ,9 0 5 ; n et
In t., ta x e s , A c ., $26,8-15 ; b a l., s u r ., $ 1 7 ,0 6 6 .
V .-P ., F .
F r a n cisc o .
O ffic e , M a r te ll, C a l.— ( V . 8 S , p . 15 6.)
S to c k , $ 4 0 0 ,0 0 0 :
tru stee.
V . 88,
In com e, $ 4 3 ,9 1 1 ;
J . S o lln sk y , S an
ANN ARBOR R R . — O w n s from T o le d o , O .. to F r a n k fo r t,o n L a k e M ic h .,
2 9 2 m iles; tra ck a g e, T o led o to A le x is, 9 m iles; operates car ferries betw een
F r a n k fo r t, M ic h ., K e w a u n ee an d M a n ito w o c , W I s ., and M en om in ee and
M a n lstlq u e , M ic h .
W a b a s h uses T o led o term in als.
E n tire c a p . sto ck o f M an lstlq u e A L a k e Sup erior. M a n lstlq u e, M ic h ., to
E v e ly n , 4 2 m . (w ith b ra n c h , 13 m .) w as p urchased In 1 9 1 1 . V . 9 2 , p . 11 0S .
S T O C K ., A c .— C o m m o n , $ 3 ,2 5 0 ,0 0 0 ; p r e f., $ 4 ,0 0 0 ,0 0 0 ; 5 % n o n -c u m .,
par $ 1 0 0 .
P ref. stock c e r t ., "S u p p le m e n t ” O c t . 3 0 1 8 9 7 , p . 3 .
T h e A n n A r b o r C o . w as Incorporated J a n . 5 1 9 1 1 as a h oldin g c o m p a n y
w ith $ 7 ,2 5 0 ,0 0 0 a u th . sto c k , o f w hich $ 4 ,0 0 0 ,0 0 0 p ref. and $ 3 ,2 5 0 ,0 0 0
c o m m o n (par $ 1 0 0 ) , the sto ck b ein g offered, share for share, for the A n n
A r b o r R R . stock (Incl. th e $ 3 ,0 0 1 ,0 0 0 c o m m o n and $ 2 ,1 9 0 ,0 0 0 p ref. bid In
a t au ction b y R a m s e y c o m m itte e N o v . 2 5 1 9 1 0 .)
In A p ril 1911 $ 2 ,9 7 1 ,9 0 0
p ref. an d $ 2 ,1 5 8 ,2 0 0 c o m . h ad been ex ch a n g e d .
V . 9 2 , p . 5 9 , 11 6, 3 2 1 .
O th e r eq u ip m en t bon d s and n otes th an Series A , J u n e 3 0 1 9 1 0 , $ 1 5 0 ,1 0 7 .
B O N D S .— In M a y 1911 $ 6 0 0 ,0 0 0 5 % gold n otes w ere so ld , secured b y
d ep o sit o f $ 1 ,0 0 0 ,0 0 0 Im p rove m e n t an d ex te n sion 5 % b on d s o f a n ew lssu e,
lim ite d to $ 1 0 ,0 0 0 ,0 0 0 , to be a first Hen on $ 4 0 0 ,0 0 0 o f n ew eq u ip m en t and
a secon d lien on entire road w ith all other e q u ip m e n t, e tc .
V . 92 , p. 1108.
E A R N I N G S . — 12 m o s ., ( 1 9 1 0 -1 1 _____ G ross, $ 1 ,9 3 4 ,6 1 6 ; n e t, $ 6 2 9 ,2 4 9
J u ly 1 to J un e 3 0 .
1 1 9 0 9 -1 0 _____G ross,
1 ,8 5 6 ,1 5 9 ; n e t,
5 5 7 ,3 7 1
F o r 9 m o s. en d ing M c h . 31 1 9 1 1 , n e t. after ta x e s, $ 3 8 0 ,7 2 7 , a g st. $ 3 5 6 ,7 3 0
in 1 9 0 9 -1 0 ; other in com e, $ 3 0 ,5 9 7 ; In t. and hire of e q u ip ., $ 2 5 5 ,2 3 0 ; b a l.,
s u r ., $ 1 5 6 ,0 8 7 , a gain st $ 8 2 ,3 0 5 in 1 9 0 9 -1 0 .
[V O L . LXXXXIIL
When
Pag able
A
A
A
Last Dividend
and Maturity
J J u ly 1 1911
O O ct 1 1 9 98
Places Where Interest and
Dividends are Payable
A Iselln A C o, N ew Y o r k
do
do
g
A
J J u ly 1 1 9 19
A iN N o v 2 193S
Q— J
J u ly 1 1 9 9 5
M A N M a y 1 1913
M A
N M a y l 1941
M A N T o N o v 1 1 9 19
J
A
J T o Jan 1 1921
M A
S S e p t 5 1925
J
A
J Jan 1 1926
M A
N N o v 1 1 9 24
In d efau lt
4 th N a t Ilk , N Y A D c n v
S o Pac Co 1 2 0 B w a y N Y
g
J
N Y M o rt T r ; A C ol S prg
g
g
g
g
g
g
g
g
A
J J u ly 1 1 9 57
7 7 3 ,5 0 0 4 In 1 9 10
Q— M
3 0 0 ,0 0 0
4 g
M & N
3 .2 8 0 ,0 0 0
4 g
F
A A
4 6 9 ,0 0 0
4 g
J
A
J
1 6 9 ,3 1 0 ,0 0 0 6 in 1911
Q— M
1 1 4 ,1 7 3 ,7 3 0 5 in 1911 F
A
A
1 ,5 0 0 ,0 0 0
6 cur M A
S
5 6 0 ,0 0 0
5 g
J
A
J
1 5 0 ,6 3 4 ,5 0 0
A, O
4 g
A
1 8 ,8 3 6 ,5 0 0
4 g
N ov
3 2 ,5 0 9 ,5 0 0
M A
4 g
N
9 .6 0 3 ,0 0 0
S
M A
4 g
1 7 .0 0 0 ,0 0 0
4 g
,T
A
J
6 ,0 3 2 ,0 0 0
F
4 g
A A
1 6 ,6 9 1 ,0 0 0
J
A
D
4 g
1 5 ,2 3 1 ,0 0 0
,r
A
D
5 g
3 ,8 0 8 .0 0 0
j
A
D
4 g
4 3 ,6 8 6 ,0 0 0
j
A
1)
4 g
1 9 2 ,0 0 0
,T
5 g
A
J
6 ,0 0 0 ,0 0 0
A
5 g
A
O
4 ,9 4 0 .0 0 0
M A
S
5 g
5 9 3 ,5 0 0
F
A
A
6 g
2 1 4 ,0 0 0 5 A 6 g F
A
A
A
2 2 4 ,0 0 0
5
A
O
S ep t 2 5 1911 1 %
M a y 1 1925
A u g 7 1996
Ju ly 1 1 9 28
Dec I ' l l U 4 %
A u g 1 1911 214
M ch l 1 9 15
Jan l 1 9 37
O c t 1 1995
J u ly 1 1995
Ju ly 1 1 9 9 5
M ch 1 1928
J u ly 1 1 9 58
F eb 1 1 9 1 2 -1 9 1 4
Jun e 1 1 9 55
Jun e 1 1 9 17
Jun e 1 1955
Ju n e l 1960
Jan 1 1 9 28
O ct 1 1940
S e p t 1 19 42
A u g 1 19 13
A ug 1 1913
A p r 1 1 9 28
N ew Y o r k A P hiladelp hia
U n ion T r Co, S a n Fran
M etrop olitan T r C o , N Y
N ew Y ork
B ankers T r C o, N Y
C heck from C o’ s office
N e w Y o r k T r u st C o . N Y
C en tral T r u st C o, N Y
C hecks m ailed from N Y
do
do
5 N assau S tr e e t, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
B ankers T r u st C o , N Y
A m erican T r C o, B osto n
do
do
C entral T r u st C o, N Y
A N N U A L R E P O R T for 1 9 0 9 -1 0 w as In V , 9 1 , p . 1 3 8 3 .
Year ending June 3 0 —
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
Gross ea rn in g s....................................................$ 1 ,8 5 6 ,1 6 0
$ 1 ,7 0 8 ,4 8 1
N e t after t a x e s .
4 0 9 ,4 2 4
3 9 0 ,4 5 0
N e t In c o m e______ __________________
4 8 2 ,1 9 9
4 9 1 ,9 3 8
D e d u c t— In te r e st, hire o f e q u ip . & c .
3 9 1 ,9 0 8
4 6 9 .6 9 4
B e t t e r m e n t s _______________________
5 ,9 9 7
4 ,1 5 3
1 9 0 7 -0 8 .
$ 1 ,8 8 2 ,7 8 2
3 7 0 ,7 6 0
4 6 8 ,8 8 0
4 0 8 ,4 8 3
5 ,0 1 2
B a la n ce , su rp lu s______________________
$ 8 4 ,2 9 4
$ 1 8 ,0 9 1
$ 5 5 ,3 8 5
D I R E C T O R S .— Joseph R a m se y J r ., N e w m a n E r b , W . M . W a d d e n ,
I I . H . H a rriso n , F . K . C urtis, T . D . R h o d e s, W . J . W o llin a n , L e r o y B a ld
w in , E . R . L y o n , Frederick H erten stc ln an d J . N . T h o m p s o n .
P r e s ..
Joseph R a m s e y J r .; S e c ., H . B . B la n c h a r d .— ( V . 9 2 , p . 1 1 6 , 3 2 1 , 1 1 0 8 .)
A P A L A C H I C O L A N O R T H E R N R R . — See p age 1 7 5 .
A R G E N T I N A C E N T R A L R Y . — See Issue o f A p ril 1 9 1 1 .
ton ap p o in ted receiver A u g . 3 1 9 1 1 .
V . 93, p . 406.
J am e s Q . N e w
A R I Z O N A E A S T E R N R R .— S ee p age 1 7 5 .
A R K A N S A S L O U I S I A N A & G U L F R Y . — M on roe to H a m b u r g , L a ., an d
C rossett, A r k ., 61
m iles, w as op erated O c t. 1 9 1 1 .
T o be e x te n d ed from
H a m b u r g , A r k ., to P ine B lu ff, 81 4* m iles.
S to c k a u t h ., $ 3 ,0 0 0 ,0 0 0 ; ou t
O c t. 1 9 1 1 , $ 1 ,2 3 1 ,0 0 0 .
B on d s ( $ 6 ,0 0 0 ,0 0 0 a u th . Issu e), C olorad o T itle &
T r u st C o . o f C olorad o S prin gs, C o l., tru stee; $ 2 ,8 6 0 ,0 0 0 w ere su bscrib ed for
on ac co u n t o f 143 m iles u nder c o n stru c tio n .
V . 86, p . 106.
F or year en d .
June 3 0 1 9 1 1 , gross, $ 1 0 8 ,8 5 7 ; n et in co m e , after ta x e s, $ 6 ,7 6 7 : In terest, A c .,
$ 6 1 ,5 7 5 ; b a l., d e f ., $ 7 0 ,6 8 4 .
P r e s., A lfr e d C ow les, C h icago; V . - P . , p . B .
S te w a r t, C olorad o S prin gs. C o l.; T r e a s ., W i n . A . O tis; S e c ., C . E . T it u s ,
C olorad o S p rin gs, C o l.— ( V . 8 6 , p . 1 0 6 .)
A R K A N S A S M I D L A N D R R .— See S t . L o u is Iro n M t n . A S o u th e r n .
A R K A N S A S O K L A . & W E S T E R N R R .— See K a n sa s C ity A M e m p h ls R y .
A S T O R I A & C O L U M B I A R I V E R R R .— See S p ok an e P o r t. A S e a ttle R y .
A T C H IS O N & E A S T E R N B R I D G E .— O w n s railroad an d w agon bridge
a t A tc h iso n , K a n ., conn ectin g w ith th e u nion sta tio n .
U sed b y th e A tc h .
T o p . A S a n ta F e , the C hic. R . I . A P . , th e M o . P ac. an d th e C h ic. B u r l. A
Q u in c y .
A reorgan ization o f the C hic. A A t c h . B ridge C o ., foreclosed M c h .
4 1 8 9 8 , per plan V . 6 5 . p . 3 6 6 .
S to c k , $ 7 0 0 ,0 0 0 ; p ar. $ 1 0 0 per sh are . P res,
an d T r e a s ., H . P . E e lls, C leve lan d , O . — ( V . 0 7 , p . 5 7 8 .)
x (T H E ) A T C H IS O N T O P E K A & S A N T A F E R Y . — (See M a p .) — 1T h e sy s
tem op erated J u ly l 1911 com prised 1 0 ,4 0 0 m iles o f railroad an d em b raced
an unb roken line o f track from C h icago. 111., via K a n sa s C ity , M o ., an d A l
b u q u erq u e , N . M ., to the Pacific O cean : also to G a lv e sto n , T e x ., an d the
G u lf o f M e x ic o . F or op eratin g purposes the 1 0 .4 0 0 m . are d ivid ed as fo llo w s.
A tc h iso n T o p e k a A S . F ____ 7 ,5 4 9 .6 9 S a n ta F e P res. A P h o e n i x .. 3 6 4 .2 4
R io G ran de & E l P a s o ----------2 0 .2 1 S ou th e rn K a n . R y . o f T e x a s 1 2 4 .9 2
G u lf C olorad o & S a n ta F e . . 1 ,5 3 7 .4 8 T e x a s A G u lf R y .........................
9 6 .1 4
E astern R y . o f N ew M e x ic o . 2 2 5 .2 1 G u lf A In te r -S ta te R y .o t T e x .
71 07
P ecos A N o r . T e x a s R y _____ 2 9 6 .1 2 C oncho S an S a b a A Llano
P ecos R iv e r R R ...........................
5 4 .2 4
V a lle y R R . . . ....................
6 0 15
T h is is ex clu sive of 2 4 2 .6 4 m iles of new lines c om p leted on la st-n a m ed
d a te , atl o f w hich will be rea d y for op eration s h o rtly .
A ls o c on trols,
throu gh ow nership o f secu rities, or ow ns jo in tly w ith other r d s ., 6 8 0 .5 0 in.
C u t-o ff T e x lc o , N . M ., to B ro w n w o o d , T e x ., 3 0 0 m iles, w ith b ran ch es;
to ta l a b o u t 5 0 0 m ile s,c o m p le te d In N o v . 1 9 1 1 .
V . 8 9 , p . 2 2 3 ; V . 9 2 .P . 1 7 0 0 .
In M a y 1911 acquired con trol p ractically of all th e stock an d all th e bon d s
o f G arden G u lf A N o r . R R . , 3 8 m iles, w hich Is op erated u nder lease from
J u ly 1 1 9 1 1 .
V . 9 2 , p . 14 9 8 .
In 1 9 0 0 acqu ired control of G u lf B ea u m o n t A K a n sa s C ity an d G u lf B e a u
m o n t A G reat N orth e rn , w hich are leased .
V . 76, p. 751; V . 77 . p. 12 24 .
L eases Cane B elt R R . , 105 m iles (entire sto ck o w n e d ).
V . 85. p. 598.
In 1 9 1 0 p urchased th e G u lf A In te r -S ta te R y .
V . 91, p. 588.
O R G A N I Z A T I O N .— T h is c o m p a n y w as organized on D e c . 12 1 8 9 5 u nd er
the general law s o f K a n sas b y the purchasers a t foreclosure sale o f th e
p roperty an d franchises of the A t c h . T o p . & S . F e R R . C o .
V . 6 0 , p. 6 5 8 .
T h e railw ay c o m p a n y In J u ly 1911 ow n ed In fee 6 .6 9 0 .0 6 m iles o f s y s t e m ,
an d also all, or n early a ll, the bon d s an d stock s o f the variou s c om p an ie s In
which the title to the other lines Is v e ste d .
V . 68, p. 974.
S an Francisco & S an Joaq u in V a lle y R y . was m erged A p ril 1 9 0 1 .
H a s a jo in t Interest w ith th e S ou th ern P acific In the N o rth w e ste rn P acific.
N E W S E C U R I T I E S , A c .— T h e stock h o lders were to v o te on O c t. 2 6
1911 ( V . 9 3 , p . 5 2 6 , 4 0 6 ) o n ; (1) T h e Increase o f th e c o m m o n sto ck from
$ 2 5 0 ,0 0 0 ,0 0 0 ( V . 8 8 , p . 1001) to $ 3 5 0 ,0 0 0 ,0 0 0 ; (2) th e Issue of n o t exceed ing
$ 1 0 0 ,2 8 9 ,0 0 0 con ve rtib le b o n d s; (3) th e Issue o f general m tg e . bon d s re
served to purchase th e line from N eed les to M o ja v e , an d (4) o f $ 1 0 ,8 0 0 ,0 0 0
p ref. stock reserved for variou s p urp oses, Incl. th e im p r o v ’ t o f th e A tla n tio
& P acific R R . ; (5 ) on au th orizin g th e purchase o f said line from N eedles
to M o ja v e , 2 4 2 m iles, which Is op erated under lease from th e S outhern P a
cific (negotiation s were p en din g for th e c x c h a n le of th e c o m p a n y ’s
S on ora R y ., N oga les to G u a y m a s, M e x ., 2 6 3 m iles, o p era ted b y th e S o u th
ern P acific, for the line from M o ja v e to th e N e e d le s ); (6) on th e leasing of
several r o a d s.
S T O C K .— T h e preferred sto ck has preference as to a sse ts a n d n o n -c u m u la tlv e d ivid en d s n ot exceed ing 5 % per a n n ., as declared b y th e board of d i
rectors ou t of net p rofits.
N o other m tg e . an d n o Increase In th e p ref. sto ck
can be m ad e w ithou t consent of m a jo r ity o f all p r e f. o u tsta n d in g and of all
c o m . sto ck represented a t a m e etin g .
T h e to ta l a u th . a m o u n t o f pref Is
$ 1 3 1 ,4 8 6 ,0 0 0 , o f w hich $ 1 0 ,8 0 0 ,0 0 0 reserved to acqu ire o th er lines (see
" N e w S ecurities, A c . , ” a b o v e ) ; also $ 6 ,4 8 6 ,4 7 0 In special tru st for Im p rov’ ts
e x te n ’s, A c .
P ref. stock c ertfs. In "S u p p le m e n t ” o f A p ril 18 97 , p . 3 .
D 1 V .— •
. . ’ 9 9 . '0 0 . ’0 1 . ’0 2 - ’0 5 . '0
’066 ’0 7 . ’ 0 8 . ’0 9 . ’ 1 0 .
1911
0
3>4 4 y ’ iy
C o m m o n ( % ) ------- 0
5
6
4>*
6
5K
6
Preferred (% ) . . . 2 M 4
5
5 y ’ ly
5
5
5
5
5
5
G e n - M o r t. (A b str a c t V . 6 2 , p . 7 3 1 -7 3 9 ; see a lso V . 6 8 ,
p . 9 7 4 ; V . 8 6 , p . 1098) gives a lien, cith er b y direct m ortgago or b y collateral
tru st, on 8 ,3 3 6 .5 0 m . of the sy ste m , together w ith all the eq u ip m en t and
term in als ow ned b y the c o m p a n y , and fu tu re ac q u isitio n s.
Ft. Benton.
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Cheballls
Dalles
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Opelousas
R A IL R O A D C O M P A N IE S .
[For abbreviations, A t ., see notes on irst page.]
M ile s
Road
Date
Bonds
33 7 1904
A t l a n t a Blrm & A t l — A t l <5: B R y 1st M red 1 1 0 - O B .c *
1 9 09
R e c e iv e r ’s oertfs, red a t par b eg ’ 1 2 , e x td In 1 9 1 1 - .
1 9 06
A t l B lrm A A t l 1st M $ 3 6 ,0 0 0 ,0 0 0 ft red lO O -.O B .c *
1906
J o in t coll tr n otes gold e x te n d ed 1 9 1 0 red p a r .T a .c *
1906
E q u ip b on d s d u e $ 6 0 ,0 0 0 s e m i-a n n u a lly ....................Ta
1907
E q u ip b on d s Ser B ( V 8 5 , p 39) d u e $ 8 6 ,0 0 0 s - a ___ G
1 9 07
G eorgia T e rm in al Co 1st M $ 4 ,0 0 0 ,0 0 0 g gu p & l.O B
1907
A la b a m a T e r m ’ l R R 1st M $ 4 ,0 0 0 ,0 0 0
gu p & 1 OB
263
A t l a n t a & C h a r lo t t e — S to c k (see t e x t ) .................................
A t l a n t a K n o x v i l l e & N o r t h e r n R y — See L o u isv ille & N ashvtll e
8 5 1 9 08
A t l a n t a & St A n d re w s B a y — 1st M $ 1 ,0 0 0 ,0 0 0 g r e d . .
85 1908
2d M ( $ 1 ,0 0 0 ,0 0 0 a u th ) .................................................
3 .3 1 9 0 3
86
A t l a n t a & W e s t P o i n t — S to c k $ 2 ,5 0 0 ,0 0 0 a u th .
8 3 1 8 89
A t l a n t i c C i t y — F irst M tg e $ 2 ,2 0 0 ,0 0 0 g o l d .-G u P .x c *
1 9 00
66 1 8 9 8
Sea C oast prior lien m o rtg a g e g o ld .
A ll
1901
g
1897
1900
1 9 05
do
do
class B red 10 5 after N o v 1 9 20
do
do
red ee m ab le a t par since 1 9 1 0 . .
A t l a n t i c C o a s t L in e R R — S to c k c o m m o n ( t e x t ) . .
Class " A ” com sto ck ta x e x e m p t (R ic h A P et certfs)
Preferred sto ck 5 % ________________________________
4 ,1 4 2
W a s h & V a n 1st M $ 1 ,5 0 0 ,0 0 0 g
W tn s t-S a le m S o ’ b d 1st M $ 5 ,000 ,01
40
89
1902
1909
1909
1907
1910
1907
Bonds to be Refunded bu Unified As—
3 ,9 4 5
Certificates o f Indebtedness
(n e w ).
P etersb u rg M class A g o ld ,
do
ao
class B golc
102
696
68
68
1902
1902
1 8 83
1898
18 81
1881
Par
Value
Amount
Outstanding
Rate
$ 1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 &c
1 ,0 0 0
1 ,0 0 0
$ 4 ,0 9 0 ,0 0 0
3 ,2 5 0 ,0 0 0
1 4 ,1 8 5 .0 0 0
6 ,2 1 6 ,8 0 0
6 0 6 ,0 0 0
1 ,0 3 2 ,0 0 0
3 ,0 0 0 ,0 0 0
2 ,4 4 5 ,0 0 0
1 ,7 0 0 .0 0 0
5
5
5
5
5
5
5
5
7
6 K
5
1 0 0 fee
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
4 2 5 .0 0 0
4 2 5 .0 0 0
1 ,5 0 0 ,0 0 0
2 ,4 6 4 .0 0 0
2 ,2 0 0 ,0 0 0
7 5 ,0 0 0
3 5 0 ,0 0 0
1 ,8 5 0 ,0 0 0
1 7 ,6 4 0 .0 0 0
5 ,0 0 0 ,0 0 0
6 2 ,0 0 0
3 .0 0 0 .0 0 0
5 6 ,9 7 3 ,2 0 0
1 ,0 0 0 ,0 0 0
1 9 8 ,5 0 0
3 5 .0 0 0 ,0 0 0
6 .1 6 7 ,0 0 0
1 0 .3 4 6 .0 0 0
7 2 0 ,0 0 0
5 ,0 0 0 .0 0 0
2 ,4 7 5 .0 0 0
1 ,0 0 0 See
1 0 0 fee
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
5 1 ,3 2 6 ,0 0 0
2 3 2 ,9 0 0
6 5 7 ,0 0 0
5 ,5 4 7 .0 0 0
8 6 8 ,0 0 0
8 0 0 .0 0 0
10 0
1 ,0 0 0
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
1 0 0 fee
10 0 fee
1 0 0 fee
100
100
100
1 ,0 0 0 fee
General Mortgage 4 s — Amounts Reserved—
In 1 8 9 5 .
In 1 9 1 1 .
T o retire gu ar, fun d n otes paid an d car tr u s ts ______ $ 1 5 ,5 0 0 ,0 0 0
$ 2 ,3 3 9 ,3 8 3
U n d erly in g b o n d s ________________________________________
3 ,0 0 0 ,0 0 0
2 ,0 0 4 ,9 6 0
F o r Im p r o v e m e n ts, term in a ls, secon d tra ck . & c ___ 3 0 ,0 0 0 ,0 0 0
1 ,8 5 2 ,1 0 2
F o r acqu isition o f A tla n tic A P acific an d other lines 2 0 .0 0 0 ,0 0 0
6 .7 3 1 .5 5 4
T h e Adjustment Mortgage (A b s tr a c t. V . 6 2 , p . 7 3 9) Is to th e C en tral T r u st
C o . as tru stee.
In terest Is p a y a b le o n ly o u t o f n et earnings u p to 4 % In each
y e a r, c u m u la tiv e since J u ly 1 1 9 0 0 .
P resent Issue Is lim ited to $ 5 1 ,7 2 8 ,0 0 0 ,
b u t w hen the $ 3 0 ,0 0 0 ,0 0 0 general 4s au th orized for Im p ro v e m e n ts as a b o v e
h a v e been Issued, $ 2 0 ,0 0 0 ,0 0 0 a d d ition al a d ju stm e n t 4s m a y be Issued for
th e sam e purp ose a t n ot ex ce ed in g $ 2 ,0 0 0 ,0 0 0 in an y on e y e a r, b u t o n ly b y
a m a jo r ity v o te o f th e a d ju stm e n t b o n d h o ld ers.
Interest— In N o v . 1 8 97
paid 3 % : sin ce, full 4 % y e a rly .
E astern O k la h o m a division 4s o f 1 9 0 3 , V . 7 6 , p . 4 3 4 ; V . 7 9 , p . 1 3 3 1 ;
V . 8 4 , p . 1549: V . 8 5 , p . 59 8; V . 8 6 , p . 9 8 0 . 1041.
T h e ” Trans-Continental Short Lin e” first gold 4s o f 1 9 0 8 are lim ite d to
$ 3 0 ,0 0 0 ,0 0 0 a u th . Issue.
T h e $ 1 7 ,0 0 0 ,0 0 0 sold In A u g . 1 9 08 covered 6 9 4
m iles then in o p eration ; the rem ain in g $ 1 3 ,0 0 0 ,0 0 0 can be Issuedat $ 2 5 ,0 0 0
per m ile.
O n June 3 0 1911 there were In op eration 8 3 7 .1 1 m iles an d under
con stru ction 1 8 2 .4 4 m iles.
T h e 8 3 7 .1 1 m iles In op eration com p rised the
line fro m A m a r illo , T e x . , to P ec o s, T e x ., 3 7 6 .5 0 m iles; C lovis J e t ., N . M . ,
to R io P u e rco, 2 5 5 .9 0 m iles; C an yo n C ity , T e x ., to S laton J e t ., T e x ., 1 2 0 .1 2
m iles; an d b ranches aggre gatin g 8 4 .5 9 m .
V . 87, p. 479, 878.
T h e debenture 4s of 1 9 02 are paid off $ 2 ,5 0 0 ,0 0 0 y e a rly fro m treasu ry
ca sh .
See V . 7 4 . p . 1 5 0 . 2 0 4 ; V . 7 5 , p . 6 8 0 ; V . 7 7 , p . 2 3 3 8 .
T h e 4s o f 1 9 05 ( $ 4 9 ,7 1 1 ,0 0 0 a u th . Issue) are con vertib le in to c o m . stock
a t par betw een Jun e 1 1 9 0 6 and Jun e 1 1 9 1 8 .
V . 79, p. 2695; V . 8 0 , p. 649;
V . 8 1 , p . 1174; V . 8 2 , p . 3 9 1 , 8 6 7 .
T h e $ 2 6 ,0 5 6 ,0 0 0 Issued In 1 9 0 7 are con
ve rtib le a t nar to June 1 1 9 1 3 .
V . 8 4 , p . 1 0 5 1 , 11 1 2 ; V . 8 5 , p . 9 7 . 2 8 3 . 5 2 9 .
T h e $ 2 8 ,2 5 8 ,0 0 0 4s o f 1 9 09 are con vertib le Into c o m m o n stock a t p ar to
Jun e 1 1 9 1 8 .
V . 8 8 , p. 1435. 1559.
T h e $ 4 3 ,6 8 6 ,0 0 0 4s of 1 9 1 0 are con
ve rtib le Into c o m . sto ck a t par on an d after June 1 1 9 1 3 , b u t prior to June 1
1923.
V . 9 0 , p . 9 1 3 , 1 0 4 3 , 1 6 1 2 ; V . 9 2 . p . 3 9 3 , 5 9 3 , 17 0 0 .
T h e several Issues o f deb en tu res m u st be secured b y a n y fu tu re m tg e .
coverin g th e lines ow n ed a t th e tim e the d eb en tu re Issue w as m a d e , an d m a y
b e called a t 1 1 0 on a n y Interest d a y . b u t w hen called m a y be c on verted
Into sto ck p rovided the tim e for con version has n ot e x p ire d .
■ ■ ■
L A T E S T E A R N I N G S .— f 1 9 1 1 . -G r o s s , $ 1 6 ,8 8 9 ,2 8 5 ;
n e t, $ 5 ,0 4 7 ,2 2 1
2 m o s ., J u ly 1 to A u g . 3 1 . ( 1 9 1 0 - -G r o s s ,
1 7 ,0 9 0 ,8 0 8 :
n e t,
6 ,2 8 1 ,4 1 1
For tw o m o n th s of 1 9 1 1 , b alan ce after ta x es $ 4 ,3 9 3 ,9 4 3 , a gain st $ 5 ,
6 4 0 ,6 2 3 .
........................................... ' •
R E P O R T .— A n n u a l m e etin g fou rth T h u r sd a y in O c to b e r .
R e p o rt for
year en d . June 3 0 1911 w as given in V . 9 3 , p . 9 3 6 , 9 5 4 : see also p . 0 1 0 .
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
A v era g e m iles o p er a ted _________________
1 0 ,3 5 0
9 ,9 1 6
9 ,7 9 5
O p eratin g rev e n u es____________________ 1 0 7 ,5 6 5 ,1 1 6 $ 1 0 4 ,9 9 3 ,1 9 5 $ 9 4 ,2 6 o ,7 1 7
6 9 ,7 6 1 ,8 2 0 5 7 ,4 9 5 ,1 9 5
O p eratin g ex p e n se s_______________________ 7 0 ,7 6 8 ,2 5 2
T a x e s . ......................................................................
3 ,4 7 4 ,6 0 7
4 ,0 0 6 ,4 1 9
3 ,0 1 5 ,2 1 9
O p eratin g In c o m e.........................................$ 3 3 ,3 2 2 ,2 5 7
O th er In com e______________________________
2 ,2 0 7 .3 6 6
$ 3 1 ,2 2 4 ,9 5 6 $ 3 3 ,7 5 5 ,3 0 3
2 ,5 5 0 ,0 5 5
1 ,1 5 8 .3 7 5
T o ta l I n c o m e ..................................................$ 3 5 ,5 2 9 ,6 2 3 $ 3 3 ,7 7 5 ,0 1 1 $ 3 4 ,9 1 3 ,6 7 8
In te rest on b o n d s ______ _________________ $ 1 2 ,7 1 2 ,3 1 9
$ 1 1 ,9 8 4 ,1 5 1 $ 1 3 ,5 4 8 ,0 8 2
H ire o f e q u ip m e n t, ren tals, & c ........... ..
1 ,8 6 0 ,3 7 6
2 ,0 6 8 ,2 9 4
1 ,1 0 5 ,8 3 5
D ivid e n d s on p ref. stock ( 5 % ) ................
5 ,7 0 8 ,6 9 0
5 ,7 0 8 .6 9 0
5 ,7 0 8 ,6 9 0
D v ld e n d s on c o m m o n s t o c k ___________( 6 ) 9 ,9 3 2 ,4 6 0 ( 6 ) 9 ,6 4 8 ,0 3 0 ( 5 ) 5 .1 5 2 ,5 .5 0
A d dlttons an d b ette rm en ts____________
5 ,0 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
9 ,0 0 0 ,0 0 0
B a la n ce , su rp lu s.............. ..........................
$ 3 1 5 ,7 7 8
$ 3 6 5 ,8 4 6
$ 3 9 8 ,5 2 1
O F F I C E R S .— C hairm an of E x e c u tiv e C o m m ., W a lk e r D . H in es; E . P .
R ip le y , P resid en t: D . L . G allu p , C o m p .: C . K . C oop er, A s s t . T r e a s.
D ire ctors.— Charles S tc eie , E d w a rd J . B crw ln d , A .D .J u lll la r d , I I . R le m an D u v a l, T h o m a s P . F ow le r, W a lk e r D . H in es, N . Y . : T . D e W It t C u yler,
P h lla .; J oh n G . M c C u llo u g h , V e r m o n t; I). P . C heney, B o sto n : E d w a rd P .
R ip le y , B y ro n L . S m it h , C hicago; A n d rew C . J ob es, W ic h it a ; IIo w cl J on es,
Charles S . G leed , T o p e k a ; H . C . F ric k , P ittsb u r g h .
.....................
O ffic e, 5 N assau S t . , N . Y . — ( V . 9 3 . p . 4 0 6 , 5 2 6 , 9 3 6 . 9 5 4 .)
......................
A T L A N T A B IR M I N G H A M & A T L A N T I C R R .— O w n s B ru n sw ick . G a .,
to B ir m in g h a m , A l a ., 4 5 3 m iles; Sessom s to W a y c r o s s , G a ., 2 6 m iles;
F itzgerald to T h o m a sv llle , G a ., 81 m .; A tla n ta to M a n ch ester, 7 5 m .;
P y r lto n to A s h la n d , 7 m .; leases G eorgia T erm in al C o ., In A tla n t a , 2 m .;
track age In A tla n t a , 2 m .; to ta l, 6 5 9 m iles.
( V . 8 4 , p . 1 4 2 6 ; V . 8 0 , p . 1 1 5 .)
T h e G eorgia T e rm in a l C o . an d th e A la b a m a T e rm in a l R R . , h avin g
$ 1 ,5 0 0 ,0 0 0 and $ 3 ,0 0 0 ,0 0 0 sto c k , resp ec tiv ely , all ow n ed b y the railroad,
will p rovide term in als a t A tla n t a an d B irm in g h a m , r esp ectively; th e y were
leased for 9 9 y e a rs, their bon d s b ein g gu aran teed , p rln . A in t .; also 5 %
on stock ; V . 8 4 , p . 14 2 6 : V . 8 5 . p . 12 0 4 ; V . 8 8 . p . 1 5 6 , 2 2 7 .
A tla n tic G u lf
A W e s t Indies S S . C o . (C lyd e S S . C o.) op erates betw een N . Y . an d B run s
w ic k .
V . 91, p. 465; V . 87, p. 616.
R E C E I V E R S H I P .— O n J a n . 2 1 9 0 9 receivers were a p p o in ted , th e J a n .
1 9 0 9 coup on on th e first 5s o f 1 9 0 6 b ein g d efa u lte d .
V . 8 8 , p . 9 9 , 15 6— see
table a b o v e .
S . L . S ch oon m ak er and H . M . A tk in so n are receivers.
V . 88.
p. 821; V . 91, p. 945; V . 93, p. 40 6.
See P resid en t’s report of J a n . 5 19 0 9 ,
with opinions o f ex p e rts, tec., V . 8 8 . p . 2 2 7 .
$ 3 ,2 5 0 ,0 0 0 2 -y e a r 5 % re
ceiver’ s certificates were sold to replace 19 m iles track age Into B irm in gh am
and build B essem er b ranch, & c ., an d ex te n d e d 1 year In 1911 and $ 2 0 0 ,0 0 0
ad dition al au th orize d . V . 8 8 . p. 1 4 9 7 , 1 5 5 9 : V . 8 9 , p . 4 0 , 1 0 2 , 2 2 3 ; V . 9 2 ,
p. 1700; V . 93 , p. 43 .
T h e coup ons d ue M a y 1 9 09 to M a y 1 9 1 0 on the Joint
c oll, n otes were purchased b y p rivate p arties; N o v . 1 9 1 1 , M a y 1 9 1 1 , N o v .
1 9 1 0 an d N o v . 1 9 0 8 coup ons were p aid b y the c o m p a n y .
V . 8 8 , p . 11 9 6 ;
V . 90 , p. 1237.
.....................................................................................................................
General Committee.— E d w in S . M arston (C h a irm a n ), Frederick A y e r ,
S a m u el Carr an d J ohn 1 . W a te r b u r y requ ested d ep osits of all securities and
unsecured d e b t of c o m p a n y and allied properties.
D epositaries, M a n h a t
tan T r u st C o ., N . Y . , and O ld C olon y T ru st C o ., B o sto n . T im e for perfect
ing p lan expires M a y 1 1 9 1 2 .
V . 8 8 , p , 11 9 6 ; V . 9 0 , p .2 3 5 ; V . 9 2 , p . 116,
1563.
Committee for First 5s. — S . I I . F essen d en , Philip S to c k to n an d F . H .
F arrar.
C ity T ru st C o . of B o sto n , d e p o sita ry .
V . 8 8 , p . 9 9 , 157, 6 8 4 .
[V O L . LXXXX11I
R A IL W A Y S T O C K S A N D B O N D S.
10
%
g
g
g
g
g
When
Payable
A
J
J
J
N
N
A
A
A
A
S
A
A
o O ct
A
A
A
A
J
J
J
g
g
g
g
g
M
M
J
J
J
A
A
A
A
A
A
A
S
N
J
J
J
O
Places Where Interest and
Dividends are Payable
Jan 1 1 9 3 4
Old Colony Trust Co. bos
J u ly 1 1 9 12
F arm e rs’ L & T r C o. N Y
Jan 1 1 9 36
M ay 1 1912
N o v ’ l l - N o v ’ 16
Jan ’ 12 J u ly ’ 17
Jan 1 1 9 27
J u ly 1 1 9 2 7
S ep t 5 1 9 11 3 M
J
J
J
M
M
J
J
J
M
A D
J
6 In 1§11 J
A J
M A N
5 g
A
A O
4H
A
A O
5 g
A J
4 g
J
— M
10 in ’ 10
& D
5 cur J
A J
J
4
A J
J
4
A J
6 in 1911 J
A J
6 In 1911 J
5 In 1911 M A N
M A N
4 g
A D
J
4 g
M A N
4
A A
4H g F
A J
J
4 g
M A S
4 g
4
4
6
4
5
6
Last Dividend
and Maturity
1 1938
N e w Y o r k an d A tla n ta
S ta n d a rd T ru st C o, N Y
Ju n e 1 1 9 5 3
J u ly 1 1911 3 % A tla n t a , G a
R e a d in g T e rm in a l, P h lla
M ay 1 1919
do
do
Apr 1 1 9 3 0
do
do
Apr 1 1 9 4 8
do
do
J u ly 1 1 9 51
B a ltim o re
S ep t 9 ’ l l 2 H
I n 1 9 1 0 paid 5 %
Irre d e em a ble
In 1 9 1 1 paid 4 %
In 1 9 11 paid 4 %
J an 1 1 9 2 5
J u ly lO 1911 3 % T re as O ffic e , W l l m , N C
do
do
J u ly 10 1911 3 %
do
do
N o v 10 1911 2 H
J P M organ & C o, N Y
O c t 1 19 52
U n ite d S ta te s T r C o, N Y
D ec 1 1 9 5 9
S a fe D ep A T r C o , B a lto
N ov 1 1939
U S T r C o , N Y & B a lt o .
F eb 1 1 9 4 7
U n ite d S ta te s T r C o, N Y
J u ly 1 1 9 6 0
T o M ch 1 1 9 1 7 U S T r C o, N Y , A B a lto
J u ly 1 1 9 52
Irred eem a ble
J an l 1 9 33
Ju ly 1 1 9 4 8
Ju ly 1 1 9 2 6
O ct 1 1926
U n ite d S ta te s T r Co, N Y
T reas O ffic e , W l l m , N C
U n ited S ta te s T r C o, N Y
Safe D ep & T r C o, B a lto
Merch N a t B k , R Io h 'd .V a
do
• ■
do
Committee for Joint Collateral Notes and First 5 s. — G e o . C . C lark , C hair
m a n : G e o . C . Clark J r ., S e c .; T r u st C o . o f A m e rica . N . Y . , an d A m e rica n
T ru st C o ., B o sto n , d ep ositaries.
V . 88, p. 623, 685, 943.
S T O C K .— P ar o f shares, $ 1 0 0 ; Issued, c o m m o n , $ 2 5 ,0 0 0 ,0 0 0 ; preferred,
$ 1 0 ,0 0 0 ,0 0 0 .
O f these. $ 1 7 ,0 0 0 ,0 0 0 c o m m o n an d $ 5 ,6 0 0 ,0 0 0 preferred d e
p osited u nder collateral tru st n o te s.
B O N D S .— O f th e 5s o f 1 9 0 6 ( $ 3 0 ,0 0 0 ,0 0 0 au th orized Issu e). $ 1 4 ,1 8 5 ,0 0 0
h a v e been issu ed , o f which $ 5 ,0 0 5 ,0 0 0 Is d ep osited u nder c oll, tru st n ote s.
T h e c o ll, tru st 5 % n otes (origin ally $ 8 ,0 0 0 ,0 0 0 , b u t reduced to $ 6 ,2 3 9 ,
2 0 0 an d ex te n d ed In 1 9 1 0 , per plan V . 9 0 , p . 1 2 3 7 , 12 95) are a Joint obligor
tlon o f th e railroad an d th e A tla n tic fc B irm in gh am C on stru ction C o .
T h e Interest until p a y m e n t thereof Is to be gu aran teed b y th e shareholders
o f th e construction c o m p a n y or the sy n d ic a te raisin g $ 8 0 0 ,0 0 0 cash for the
p la n .
T h e general reorgan ization c o m m itte e agree to provide In the plan
for th e p a y m e n t of the rem ain in g n otes a t p ar.
T h e y are secured b y d e
p osit of $ 5 ,0 0 5 ,0 0 0 A t l . B lr m . A A tla n tic 1st M . bon d s an d $ 5 ,6 0 0 ,0 0 0 p ref.
an d $ 1 7 ,0 0 0 ,0 0 0 c o m . stock o f the railroad (or cash representing m atured
eq u ip m en t b o r .d s), entire stock ( $ 5 ,0 0 0 ,0 0 0 ) o f B irm in gh am C oal A Iron
C o ., ow n ing 3 5 ,0 0 0 acres of coal an d 3 ,6 0 0 acres o f iron ore lan ds (su b je ct to
$ 4 ,3 5 9 ,0 0 0 b on d s, ln cl. $ 3 1 0 ,0 0 0 treasury b o n d s), an d th e $ 1 ,1 0 0 ,0 0 0 stock
an d $ 1 ,0 0 0 ,0 0 0 bonds of B runsw ick S S . C o ., th e last m entioned being guar
an teed b y A tla n tic G u lf fc W e s t Indies S S . C o ., which In 1 9 10 purchased the
5 b oats ow n ed .
V . 8 2 , p . 12 6 7 ; V . 8 3 , p . 3 5 . 1 2 9 0 : V . 8 4 , p . 2 7 0 : V . 8 5 . p .
14 0 4 ; V . 8 8 , p . 4 5 1 , 5 0 3 .
E q u ip m e n t ob ligation s other than In table a b o v e ,
$ 1 0 0 ,0 0 0 5 s, m aturin g $ 1 0 ,0 0 0 qu arterly ( Q .-M .) to M c h . 1 19 14 .
T h e controlled c om p an ie s, th e G eorgia T e rm in al C o. .A la b a m a T e rm in al
R R . , B irm in gh am Coal fc Iron C o. an d B runsw ick S S . C o ., were placed In
receiver’s hands In F e b . 1 9 0 9 , their b on d ed d eb ts b ein g, resp ec tively,
$ 3 ,0 0 0 ,0 0 0 , $ 2 ,4 4 5 ,0 0 0 , $ 4 ,1 5 9 ,0 0 0 (Including $ 2 ,0 0 0 ,0 0 0 o f B irm in gham
Iron C o.) and $ 1 ,2 5 0 ,0 0 0 , b u t the B irm in gh am an d B run sw ick com p anies
were su bseq u en tly d isch arged .
V . 8 4 , p . 1427, 1551; V . 8 5 , p . 470; V . 8 8 .
p . 15 6 , 4 5 1 , 5 0 3 , 5 6 3 : V . 9 1 , p . 4 6 5 .
L A T E S T E A R N I N G S .— 11 9 1 0 -1 1 ____ G ross, $ 2 ,8 1 0 ,4 1 0 ; n e t, $ 6 6 2 ,5 9 2
12 m o s ., J u ly 1 to June 3 0 .1 1 9 0 9 - 1 0 ------ G ross, 2 ,5 7 9 ,3 4 5 ; n e t, 5 7 9 ,3 8 9
O th er in com e in 12 m o s. of 1 9 1 0 -1 1 , $ 1 3 2 ,3 2 7 , again st $ 1 1 0 ,0 4 3 .
R E P O R T for year en d ing Jun e 3 0 1 9 0 8 in V . 8 7 . p . 1 2 9 4 , show ed on 491
m iles, gross, $ 1 ,5 8 3 ,8 0 5 ; n et. $ 4 2 6 ,6 6 3 ; o th er In com e. $ 1 3 6 ,0 8 9 : Interest
ta x e s. & c „ $ 5 1 8 ,7 1 4 ; b a l „ s u r .. $ 4 4 ,6 3 7 .
V . 8 8 . p . 2 2 7 .— ( V . 9 3 , p . 4 0 6 .)
ATLANTA & CHARLOTTE A IR LINE R Y .— (See M ap Southern Railway
System .)— O w ns C h arlo tte, N . C ., to A r m o u r , G a ., 2 0 3 m iles.
T h e op erating con tract of 1881 accep ted b y the Sou th ern l t y . requires the
p a y m e n t of Interest on A t . fc C. d e b t an d 5 % on sto ck ; if gross earnings e x
ceed $ 1 ,5 0 0 ,0 0 0 . d ivid en d s to be 6 % , an d If th ey exceed $ 2 ,5 0 0 ,0 0 0 , 7 % .
T h e $ 5 ,5 0 0 ,0 0 0 bonds ex te n d ed to J a n . 1 1 9 2 0 a t 4 'A% and purchased
b y the S outhern R y . an d placed u nder Its co n so l, m o rtg a g e .
V . 8 9 , p .1 5 9 5 .
D IV ID E N D S ,
11 88 1 to ’ 8 9 . 1 8 9 0 . 1891 to M c h . ’ 01 ln cl.
S in ce.
P e r c e n t.
_____
f 5 y e a rly .
5H
6 ye arly ( M & S ) .
7 y r ly .(M & S )
P r e s., C . S . F airch ild, N ew Y o r k .— ( V . 8 9 , p . 1 5 9 5 .)
ATLANTA & ST. AN D RE W S BAY R Y .— O w ns from D o th a n . A la., to
P a n a m a C ity , F la ., on S t . A n d rew s B a y , G u lf of M e x ico , 8 5 m iles; op en ed
J u ly 15 1 9 0 8 .
S tock a u th o rize d , $ 1 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 3 0 0 ,0 0 0 ; par,
$100.
T h e first 6s (C en tral T r u st fc B ank in g C orporation o f A tla n ta . G a ..
trustee) are su b jec t to call a t par b egin nin g O c t. 1 1 9 1 1 .
V . 88, p. 685;
V . 83. p. 270.
For vonr en d ing Jun e 3 0 1911, gross; $ 1 7 9 ,8 9 5 ; n e t, after
ta x e s , $ 6 0 ,5 8 9 .
In 1 9 0 9 -1 0 , gross. $ 1 5 5 ,3 0 0 ; n e t, $ 5 5 ,1 8 1 .
P res., A . B .
S te ele , A tla n t a , G a .; S e c ., G . I I . P u rv is, D o th a n , A la .— ( V . 8 8 , p . b 8 5 .)
ATLANTA TERAIINAL CO.— O w n s union passenger sta tio n opened
M a y 14 1 9 0 5 , w ith a p p roa ch es, used b y Sou th ern R y ., Central o f G eorgia
R y . and A tla n ta & W e s t P oin t R R .
S to c k , $ 1 5 0 ,0 0 0 , ow n ed In equ al pro
portion s b y the three c om p an ie s n a m ed , w hich p ay all charges an d e x
penses on car b asis.
V . 7 6 , p . 5 9 3 , 1 3 9 4 ; V . 7 7 , p . 6 9 9 ; V . 8 8 , p . 11 J 6.
ATLANTA & WEST POINT R R .— A tla n t a , G a .. to W e s t P o in t, G a
8 6 m iles.
Georgia R R . Ju n e 3 0 1 9 0 9 ow ned 9 -2 0 th s of sto ck an d $ 3 8 8 ,9 0 0
d e b . c ertfs.
A b elt line arou nd A tla n t a , 5>4 m iles, Is op erated a t rental of
$ 1 6 ,0 0 0 y e a rly — 4 % on Its c o s t.
V . 71, p. 963.
V . 73 . p . 1354.
T h e stock holders v oted on J a n . 2 0 1 9 1 0 to increase the sto ck from $ 1 ,2 3 2 ,
0 0 0 to $ 2 ,5 0 0 ,0 0 0 , $ 1 ,2 3 2 ,0 0 0 b ein g ollercd to stock h o ld ers a t par to retire
$ 1 ,2 3 2 ,0 0 0 d e b . 6s J u ly 1 1 9 1 0 ; V . 8 9 , p . 1 5 9 5 ; V . 9 0 . p . 9 1 3 ,
D I V I D E N D S , begun In 1 8 5 5 , w ere for m a n y years 8 % per a n n u m . F rom
J u ly 1 1 8 84 to Ju ly 1 9 0 1 , Inclusive, 6 % y e a rly , J . & J .: O c t . 1 1 8 9 9 , 2 5 % e x
tra ; 1 9 02 (?); 1 9 0 3 , 6 % ; 1 9 04 to 1 9 1 0 , 6 % y r ly .; 1 9 1 1 . Jan , 3 % : J u ly . 3 % .
In 1 9 0 9 -1 0 , gross, $ 1 ,0 9 0 ,1 4 1 : n e t. $ 3 1 1 ,1 6 9 : other In com e, $ 4 4 ,1 6 1 ;
charges, $ 1 6 9 ,8 5 7 : d lv s ., $ 7 3 ,9 3 2 ; s u r p ., $ 1 1 1 ,5 4 1 .— ( V . 9 3 , p . 1 1 0 4 .)
ATLANTIC CITY R R — C am d en to A tla n tic C ity , 5 7 m . (double tra c k );
b ranches, W in slo w J un ction to C ape M a y , N . J .. 5 4 m .: W lllla m sto w n , 2 3
m .; G loucester. 11 m .: S ea Isle C ity . 12 m .; O cean C ity , 10 rn.; to ta l, 167 m .
V . 72 , p. 1278.
S T O C K , c o m ., $ 2 ,6 2 5 ,0 0 0 ; p r e f.. $ 1 ,0 0 0 ,0 0 0 (p ar. $ 5 0 ) .
R ead in g C o . ow n s over 9 9 % o f sto c k , an d gu aran tees con so l. 4 s, p rln . and
in t.
F orm of g u a r a n ty , V . 7 5 . p . 1 3 9 8 .
O f th e la tte r, $ 2 ,6 5 0 ,0 0 0 are
reserved to retire prior lien b o n d s.
See V . 7 3 , p . 8 1 .
Th ere are also ou t
stan d in g $ 2 3 ,5 0 0 Sea C oast R R . scries A 5s an d $ 2 ,8 3 4 series B 5 s.
E A R N I N G S .— 12 m o s . J 1 9 1 0 - l l ............G ross, $ 2 ,0 2 0 ,5 9 8 ; n e t, $ 4 6 3 ,6 7 3
Ju ly 1 to June 3 0 .
1 1 9 0 9 -1 0 ______ G ross,
1 ,8 0 5 ,0 0 7 ; n et, 3 5 2 ,1 8 2
Ye> r en d . Jun e 3 0 1 9 1 0 , gross, $ 1 ,8 0 5 ,0 0 7 ; n et, $ 3 5 2 ,1 8 2 : d e f. under ch ar
ges, $ 2 5 4 ,6 1 1 . In 1 9 0 8 -0 9 , gross. $ 1 ,6 2 6 ,0 5 5 ; n et, $ 3 4 6 ,2 5 0 .— ( V .S 2 ,p .7 5 0 .)
ATLANTIC COAST LINE C O .— O rgan ized M a y 2 9 1 8 89 under th e law s
o f C on n ecticu t, an d ow ns a m a jo r ity o f th e c a p ita l stock and a large a m o u n t
of the bonds o f the A tla n tic C oast L in e R R . b elo w .
S T O C K , fee.— S tock h old e rs v o ted J a n . 2 6 1 9 1 0 to Issue $ 5 ,0 4 0 ,0 0 0 a d d i
tional sto ck , w hich was olfered pro ra ta to stock h o lders a t p ar. p a y a b le
F e b . 2 8 . the proceeds to be used cnlelly to purchase a t 9 7 H an d Interest an y
o f the $ 5 ,0 0 0 ,0 0 0 4 % ” B ” certificates o f In debtedness olfered .
T h is In
creased stock o u tstan d in g to $ 1 7 ,6 4 0 ,0 0 0 .
V . 8 9 , p. 1666.
A s to the certificates of In d eb ted ness, see ed itorial O c t . 1 8 9 7 , S u p p le
m e n t. p . 3 ; V . 6 5 . p 5 6 4 ; V . 7 1 . p . 1 3 1 0 .
In 1 8 9 8 $ 5 ,0 0 0 ,0 0 0 stock was
12
RAILWAY STOCKS AND BONDS,
RAILROAD COMPANIES.
[For abbreviations. &c., see notes on first page.]
Ati Coast Line RR (Concl) —
Richmond & Petersburg 1st M ($24,500 are 7s)___
Consol M g (Richmond to Petersburg, &c)_-Ce.o*
Wilm & Weldon gen M ($938,000 are 4s) g_-SBa.c*
Wilmington & New Bern 1st M gold assumed SBa
Nor & Car 1st M gold (P Pt Va to Tar, N C) _ -Ce.c*
Second mortgage gold.............................SBa.c
Sav Fla & W 1st M g ($2,444,000 arc 5 s) _.Mp.c*&r
Charleston & Savannah gen mtgc gold___ SBa.c*
Bruns & W 1st M (Brunswick to Albany) g gu Mp.c
Alabama Midland 1st M g (Balnb to Montg)--Mp.xc
Florida So 1st M gold_____________________ AB.c*
Sanford & St Petersburg llrst mtgo gold--------- PeP
Ashley River first mortgage______________________
SI1 Sp O & G 1st M gold (Ocala to Inv & br). -Ta.c*
Atlantic & Danville— 1st M $4,425,000 g lnt rcnt.Bac*
• Second mort $1,525,000 gold Interest rental. _Ta.c*
Atlantic & North Carolina—Stock $1,800,000..
Avon Qeneseo & Mt Morris RR— Stock (see text)----Baltimore Chesapeake & Atlantic— 1st M gold..A\p.c*
Balt & Cumberland Val Ry— 1st M Interest rental---Balt & Cumberland Val RR— 1st M interest rental---B & C V RR Extcn— Stock gu ($270,000 carries 7 % ).
Baltimore & Harrisburg RR— Mortgage gold.MeBa.c'
________________
) gold
First M West Ext________
($16,000pm
p m
) ' guar.McBa.c
"
Baltimore & Ohio— Common stock 5152,750.000___
Pref stock 4% non-cum authorized $60,000.000___
Miles Date
Road Bonds
22
27
479
90
110
110
547
111
169
174
244
145
4
64
278
278
1875
1890
1885
1897
1889
1896
1884
1886
1888
1888
1895
1894
1877
1888
1900
1904
95 1887
167
10 1904
53
82 43 1894
1908
88 1894
3 1879
5 1879
27 1881
32 1886
15 1888
1,076 1898
1,657 1898
Amount
Outstanding
Par
Value
$500 Sec
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
100
1.000
£ ft $100
1,000 &c
100
1,000
1,000 &c
100
1,000
500
100 &c
50
1,000
1,000
1,000
100
100
500 fee
500 &c
Rate
%
[V O L. L X X X X III
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$340,500 6 & 7 M & N May 1 1915
Merch Nat Bk, Rioh’d.Va
300,000
4 43 g A ft O Apr 1 1940
Brown Brothers, NY
4,000.000 4 g & 5 g J & J July 1 1935
First Nat Bk, N Y . &Balt
4 g F ft A Aug 1 1947
106,000
Safe Dep & Tr Co, Balt
1,320,000
5 g A ft () Apr 1 1939
Central Trust Co, N Y
400,000
5 g J ft J Jan 1 1946
Safe Dep fa Tr Co, Balt
6,500.000 5 g & 6 g A & O Apr 1 1934
United States Tr Co, N Y
1,500,000
7 g J ft J Jan 1 1936
do
do
1,407,000
4 g J & J Jan 1 1938
do
do
2,800,000
5 g M & N Nov 1 1928
Metropolitan Tr Co. N Y
2,418.000
4 g J <& J Jan 1 1945
United States Tr Co, N Y
275,000
do
do
4 g J & J Jan 1 1924
33,500
8
People’s Bk, Chast’n.S C
J ft J Jan 1 1915
492,000
United States Tr Co. N Y
4 g J ft J July 1 1918
Bankers Trust Co, N Y
3,925,000
4 g J fa J July 1 1948
1,525,000
Trust Co of America, N Y
4 g J & J July 1 1948
1,797,200 See text Seml-an July 19 ’ l l 14* Check from Co’s Office
Nat Mechanics’ Bk, Balt
325,000
6
J ft J July 1 1917
5.484,000
M ft S SeDt 1911 3% London and Portland
6
100,000
International Tr Co, Bost
5 g J St J Jan 1 1944
1,022,900
5
J fa J July 6 1911 24* Savannah, Ga
5 g J fa n Dec 1 1924
400.000
J P Morgan & Co, N Y
4 g J fa j July 1 1953
Safe Dep fa Trust Co,Balt
225,000
225.000
3 4* J fa J July 1 1911 1J4 Erie Railroad, New York
1,250.000
5 g M fa
Sept 1 1934
Broad St Station, Phila
48,500
6
J
Mcr Tr & Dep Co, Balt
fa j July 1 1929
72,800
6
,J <% j July 1 1929
do
do
390,600 5 & 7 J fa j July 1 1911
do
do
230,000
6
do
do
J fa j July 1 1931
690,000
5 g M fa N Nov 1 1936
do
do
240,000
5 g M fa N May 1 1938
do
do
151."; 0,092 6 in 1911 M fa S Sept 1 1911 3% Co’s Office, 2 Wall St,NY
59,986,966 4 In 1911 M fa S Sept 1 1911 2%
do
do
74,' 65,- 75
do
do
3 4* g J fa Jll July 1 1925
74,992.875
4 g A & oii July 1 1948
do
do
s
If Registered Interest Q-J
distributed as a 100% dividend (V. 67, p. 954), and In 1900 $10,000,000 4%
certificates of Indebtedness (Including $2,500,000 of Atlantic Coast Line
RR. Co.) as a 100% dividend. (V. 71, p. 097; V. 73, p. 493.) As to se
curities pledged to secure equally the certificates of Indebtedness, sec V.
17. p. 1310; V. 83, p. 560. Bal. sheet 1911. V. 93, p. 1101.
CASH
1 '01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. ’09. ’ 10.
1911.
D1VS.— %J 4115613 8
8
9 10 10
8
9
10 24*.'24*.2 4*.Chalrman, Ilcnry Walters.— (V. 91, p. 1091; V. 93, p. 1101.)
ATLANTIC COAST LINE R R .— (See M ap.)— Operates from Richmond
and Norfolk, Va.,on the north, to Fort Myers. Port Tampa and River Jet.,
Fla., on the south, and Montgomery, Ala., and Augusta, Ga., on the west.
REPORT.— Report for year ending June 30 1910 at length, V. 91, p.
1382. 1389 (editorial, p. 1359).
1909-10.
1908-09.
1907-08.
Gross receipts---------------------------$29,810,268 $26,144,065 $26,029,052
Operating expenses and taxes______ 19,823,117 18,062,899 20,043,794
Net receipts from traffic___ ____ $9,987,151
$8,081,166 $5,985,258
Other Income........... ............... ____
*805,150
*836,873
1,463.376
Dividend on L. & N. stock___ ___ (7)2,142,000(5 43) 1683000(5 43) 1683000
Total net receipts_______________ $12,934,307 $10,601,039 $9,131,634
Deduct—
Interest on bonded debt, &c_______ *$5,506,300 *$5,166,568 $5,359,313
lnt. on certificates of Indebtedness..
*379,359
*757,122
862,754
Hire of equipment and term rents__
55,394
48,569
128,420
Dividend on preferred stock (5 % )..
44,877
79,830
79,830
Dividend on common stock_______ (6)3,195,060(5 43)2669658(543)2669540
ville RR. stock for $10,000,000 cash. $35,000,000 In 4% collat. tr. bonds
and $5,000,000 stock. V. 75, p. 733, 792, 905; V. 79, p. 785.
Balance, surplus____ ______
$3,753,317
$1,879,381
$31,777
Lines owned, &c. (Con.)—• Miles.
Lines owned and trackage— Miles.
* These are net Items In 1909-10 and 1908-09, interest on treasury securi
Paola Jet. near Sanford to St.
Richmond, Va., to Port Tampa,
ties being eliminated.
Petersburg, Fla---------------- 145
F l a _______________________ 906
Chairman of Board, Henry Walters; Pres., T. M. Emerson;
Palatka, Fla., to Brooksville.. 145 1stOFFICERS.—
Norfolk, Va., to South Rocky
Vice-Prcs., Alexander Hamilton; 2d VIce-Pres., C. S. Gadsden; 3d VlceMilldale,
Fla., to Perry--------- 163 Pres.,
Mount________________
115
J. R. Kenly; Gen. Mgr., W. N. Royall; Sec., Herbert L. Borden;
Contentnea to Wilmington___ 105 Branches, &c---------------------- 1,525 Treas.,
James F. Post.— (V. 92, p. 116, 1177, 1563.)
Leased—
Wilmington, N. C., to Pee Dee
ATLANTIC & DANVILLE RY.— (See Map Southern R y.)— West Nor
97 Central R R. of So. Carolina—
Junction __________________
Lane to Sumter S. C_______
40 folk to Danville, Va., 205.1 miles, three branches, 22.25 miles; James River
Florence, S. C., to Augusta, Ga. 1 6 7
15 Jet. to Claremont (3-ft. gauge), 50.36 m.; total, 277 m. Leased to Southern
Sumter to Columbia__________
45 Other lines------- ---------------Ry. from Sept. 1 1899 to July 1 1949 for taxes, repairs, maint. and cash
Yadkin Jet. (Wilmington, N.C.)
to Sanford__________________ 116 Total in earnings........ ....... 4,491 rental sufficient to cover int. charges, with privilege of renewals for terms of
99 years. In addition the Southern Ry. agrees to pay the same rate of divi
Waycross, Ga., to Folkston, Ga. 34 Closely allied lines (see each co.) —
Jesup, Ga., to Montgomery, Ala. 355 Louis. & Nash. (lncl. Ga. RR.) .7,154 dends on com. stock as paid on Its own com. stock. V .71,p.447; V.79,p.625.
STOCK.— Com.. $2,180,000. Pref. shares were canceled prior to July 1
Brunswick, Ga., to Albany----- 169 Charleston & Western Carolina. 341
7l 1904. See V. 71, p. 181, 862: V. 73, p. 722. 956; V. 79, p. 625.
Dupont Jet. to Fort Myers, Fla. 349 Northwestern R R .of So. Car..
BONDS.— Of the $4,425,000 4s of 1900, $500,000 can be issued only for
Also owns one-sixth Interest In the Richmond-Washington Co. Leases, improvements upon request of Southern Ry., Interest charges to be covered
jointly with the Louisville & Nashville RR., the Georgia R R., 571 miles.
by Increased rental. Of the $1,525,000 second 4s, the remaining $750,000
In July 1909 agreed with Norf. & West, to build jointly Winston-Salem were issued July 1 1909. V. 77, p. 195.— (V. 79, p. 967; V. 89, p. 1410.)
Southbound RR., Winston-Salem, N. C., to Wadesboro, 89 miles, com
& NORTH CAROLINA RR.— Morehead City to Goldsboro,
pleted Mch. 1911, the two proprietary companies guaranteeing the 1st M. N.ATLANTIC
C., 95 miles. State of North Carolina owns $1,266,500 of $1,797,200
gold 4s. See that company.
Leased from Sept. 1904 to Jan. 1 1996 to Atlantic & North Carolina
In Sept. 1910 contract was let for extension from Haines City, Fla., south stock.
Co. (the lease being later transferred to Norfolk Southern RR.) for Interest
to a point near Lake Hare, 46 miles. V. 91, p. 1390.
on bonds, taxes, &c., and dividends at 3% yearly for 20 years, increasing
ORG ANIZATIO N.— On April 18 1900 absorbed by consolidation (V. 70, 43% yearly every ten years until 5% Is reached; thereafter, 6%; lessee also
p. 840, 893); Wilmington & Weldon RR., Atlantic Coast Line RRs. of S. C. agreed to expend $250,000 by Sept. 2 1907 for Improvements and equip
and Va. and Norf. & Car. RR. Florida Southern and Sanford & St. Peters ment. V. 79, p. 967.
burg were merged April 1903. V. 76, p. 918. 971. The Atlantic Coast
DIVS.— ’93. '94. ’95. '96. ’97. ’98. ’99. 1900-04. Underlease
Line Co. (of Conn.) June 30 1911 owned $33,300,600 common stock. See Per cent___ 2
2
0
2
2
2
2
0
as above.
that company above. V. 70, p. 893; V. 71, p. 1116, 1310; V . 83, p. 560.
Pres., Frank S. Gannon.— (V. 83. p. 1590, 1522.)
ATLANTIC QUEBEC & WESTERN RY.— V. 91. p. 1253.
STOCK.— Atl. Coast Line of Va. class A (Rich. & Pet. ctfs.) tax-exempt
stock was assumed as so much of the com. stock of the new company.
ATLANTIC WAYCROSS & NORTHERN RR.— V. 93, p. 228.
Stockholders voted Nov. 1909 to increase the total authorized stock from
AUGUSTA & SAVANNAH RR.— MUlen to Augusta. Ga.. 53 miles. In
$60,000,000 to $72,100,100. to provide for the conversion of new 4% con 1895
re-leased to Cent, of Ga. for 101 yrs. at 5% on stock.— (V. 61. p. 239.)
vertible debenture bonds. V. 83, p. 490, 1295; V. 89, p. 1141, 1346.
The pref. stock ($18,850,000) was in 1902 mostly exchanged for 125% In
AUGUSTA SOUTHERN RR.—Owns from Augusta to Tcnnlile, Ga., 82
4% certificates of indebtedness. V. 75. p. 1252.
miles. The Southern Ry. in Jan. 1901 acquired about four-fifths of stock.
V. 73, p. 343. Com. stock, $400,000; pref., $350,000; par, $100. Year
DIVS. (% )— ’00. '01. ’02. ’03. ’04. ’05. '06. ’07. ’08. ’09. ’ 10. 1911. ending June 30 1911, gross, $170,931; net after taxes, $31,319. In 1909-10,
Com. (lncl. Cl. A.) . . 213 3J-* 5
5 a5
6 6 0513 513 6
6
gross. $209,784: net, $68,903; charges, $40,547: balance, surplus, $28,356.
Preferred_______213 5
5 5
5 5
5 -5
5
5 5
5
a Also 20% In com. stock scrip and 5% In Atlantic Coast Line Co. 4% — (V. 80, p. 2219, 2456.)
AUGUSTA UNION STATION CO.— Owns union passenger station at
certificates of Indebtedness. V. 81, p. 1558. b Includes 3% paid in Jan.
in Atlantic Coast Line R R. 4% certificates of Indebtedness.
•
■ • Augusta, Ga., used by all roads entering the city, the latter under their
operating contract providing for Interest on the bonds and 4% dividends on
BONDS.— First consol. 4s of 1902 (limited to $51,326,000 outstand!ng( stock. Stock, $75,000 (5% paid in), held equally by Southern Ry., Atlan
arc a first lien on 1,021 miles of road and a blanket lien on 2,924 miles.
tic Coast Line RR. and Georgia R R. V. 78, p. 2333; V. 79, p. 500. Pres.,
Purposes for which the $200,000,000 Unified 4s were or are Issuable.
Thos. K. Scott; Sec. and Treas., Carlton Hlllyer.— (V. 82, p. 48.)
Heretofore Issued for Improvements and refunding (of which
AUSTIN & NORTHWESTERN RR.— See Houston & Texas Central Ry.
$6,167,000 sold) .......... - _____ ______________________________ $ 15,009,000
AVON GENESEO & MT. MORRIS RR.— Mt. Morris to Avon, N. Y .. 18
Reserved to retire 4% certs, of Indebtedness (the holders of all
miles. Leased to Erlo R R. Feb. 26 189b in perpetuity; rental (after 1911).
but $232,900 of the outstanding $21,566,600 4% certs, of in
343% on stock.— (See V. 63, p. 512; V. 62, p. 318, 589.)
debtedness exercised the option to exchange on or before
Mch. 1 1910 their certs, for deb. bonds or unified mortgage
BALT. & ANNAPOLIS SHORT LINE RR.—See “ Electric Ry. Section."
-------------------23,562,000
bonds at par. V. 89, p. 14811-------------BALTIMORE CHESAPEAKE & ATLANTIC R Y — Owns Claiborne to
Reserved to retire underlying bonds-------------- ------------------ 84,090,000
Ocean City, Md., 87.66 m.; from Claiborne to Baltimore, 44 m „ transfer is
Reserved (along with any bonds not Issued to retire certs, of
indebtedness) for future construction. Improvements, &c._. 77,339,000 made by water; steamer lines owned, 1,134 m.; total mileage owned and
operated, 1,221.06 m. The Pennsylvania and Phil. Balt. & Wash, in Feb.
The unified 4s were a first lien June 30 1911 on 197 miles and a blanket 1911 were authorized to purchase at $70 per share the $478,100 minority
lien on the remaining 3,945 miles owned, subject to underlying bonds, and pref. stock, the Penn, and allied cos. already owning all the $1,000,000
on completion of the Haines City branch, Fla., will be a first lien on 47 miles common and 78% of the $1,500,000 5% cum. pref. stock. V.92,p.525, 593.
additional. V. 92. p. 1563; V. 89, p. 1141, 1316.
Div. on pref., 2% Mch. 1 1905; In 1906, Mch., 3%; Oct., 2%; in 1907 Mch.,
The 4% convertible debentures will be redeemable after May 1 1916 at 3%; Sept., 2%; in 1908, Oct., 2%; 1910, Jan., 5%; Sept., 2%; 1911.
105 and convertible at the option of the holder Into common stock at $135 Jan. 31. 3%; Mch. 31. 2%; Oct., 2 3%.
a share at any time up to Jan. 1920, or, If called, up to 30 days prior to the
The stockholders voted on Jan. 2b 1905 to acquire a majority of the stock
date of redemption.
of the Maryland Delaware & Virginia Ry., extending from Queenstown,
As to the $35,000,000 collateral trust 4s of 1902, sec “ Organization” Md., to Lewes, Del., with branches, a total of 77 m., and guarantee $2,000,
above. They arc subject to call at 105 in amounts not less than $100,000. 000 of Its first mtgc. bonds. See that co., V. 80, p. 116, 1058.
There were outstanding June 30 1910 $55,000 Bruns. & West. Incomes.
Fiscal year now ends Dec. 31. In 1910, gross, $1,092,777: net, $213,693;
The Washington & Vandemere 4 43s ($1,500,000 authorized, of which other Income, $12,966: charges, $97,349; dividends (5%), $76,000; balance,
$720,000 outstanding) are guar., p. & 1., by endorsement. V. 84, p. 1246. surplus. $54,310.— (V. 92, p. 525, 593, 724.)
BALTIMORE & CUMBERLAND (RR. AND R Y .).—The Railroad ex
FINANCES.— In Feb. 1910 the Loulsv. & Nashv. div. rate was raised
from 6 to 7%. V.89, p. 1595. Bonded debt per mile June 30 1910, $21,967. tends from State Lino, Md., to Waynesboro, Pa., 4.55 miles; stock, $76,700,
In $50 shares. The Railway extends from Edgemont, Md., to State Line,
LATEST EARNINGS.— /1910-11 Gross, $31,622,449; net, $9,894,662 Pa., 3 m.; stock, $42,500, In $50 shares. Both arc leased to Western
12 mos., July 1 to June 30. (1909-10. .Gross. 29,810,268; net, 9,987,151 Maryland RR. for 50 years from July 1 1879, with privilege of renewal or
For 6 mos. ending Dec. 31 1910, net, after axes, $4,444,311, agst. $4, purchase; rental. Interest on bonds.
505.260 in 1909; other Income, $1,594,220: charges, 2,756,033; com. div.
BALTIA10RE & CUAlfJERLAND VALLEY EXTENSION RR. -Waynes
(3%). $1,738,932; pref. div. (2 43%), $4,962 bal . sit .. $1,540,604.
boro to Shlppcnsburg, Pa., 26.52 miles. Leased to Western Alaryland RR
RAILWAY STOCKS AND BONDS
e©
uor., 19 ll.]
MAP OF THE
BALTIMORE & OHIO
RAILROAD SYSTEM*
14
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
B & O (Concl) — Southw Div 1st M545,000.000g.F.cAr*
Pitts June A Mid Div $20,000,000 1st M g..C e.c*Ar
P L E A W V Sys ref g red 100 after 1925-Un.c*Ar
New York Div A Term first mtge $10,000,000 gold.
Secured gold notes $50,000,000 auth call par.Usm.c
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
[T ol. l x x x x iii.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
930 1899 $500 Ac
500 Ac
384 1898
1,000
1,642 1901
1905
1910 1,000 Ac
1910
1.000
544,992.530
£0,175,230
43.372,000
See text
44,992,530
See text
500 Ac
1,000
1,000
1,000
1,000
68,500
56,000
1,009,000
a934,000
a243,000
A
4g
4g J
4/4 g Ar
6g J
5g J
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
100 Ac
1,000
1,000
1,000
5,000,000
890.000
950,000
3,301,000
700,000
228,000
2,000,000
2,941,000
361,000
303,000
441,000
82,100
650,000
300,000
3.982,000
A A o Oct 1 1933
5g
5 £ J A D June 1 1936
4/4 g J A ,T Jan l 1930
4 £ Af A N Nov 11995
5 £ F A A Feb 1 1919
5 £ M A S Mch 1 1950
5 g J A D June 1 1936
5 £ A A O Apr 1 1937
F A A Aug 1 1920
6g
6 g J A .! July 1 1922
A A O Oct 1 1922
6g
4 g .1 A D June 1 1917
4 g ,r A .1 .July l 1917
5 g J A J Jan 1 1922
4 g A A O Apr l 1990
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
First Nat Bk, Allegheny
J P Morgan A Co, N Y
Co’s office. 2 Wall St, NY
do
do
1,000
1,1)00
1,000
1,000
l .000
l ,000
50.000
618,000
5.000.000
1,000,000
511.000
394,000
650.000
28,000,000
N May 1 1939
D Dec 1 1945
I) June 1 1925
<) Jan 1 1913
D June 1 1943
D June 1 1936
N May 1 1938
O Apr 1 1960
do
do
Amer Bonding
Tr.Balt
518 Walnut St, Phlla
17 State St, New York
do
do
Bankers Trust Co, N Y
Bonds Underlying First Mortgage 3 /4s—
Loan 1853 extended in 1885 gold_________________
377 1853
Pittsburgh A Con 1st M extended In 1896 in gold__
1868
Cent Ohio $2,500,000 con 1st M (1st loan) g.McBa.c
141 1886
Pittsburgh Junction 1st M 51,440,000 gold __Ba.c*
7 1882
Pittsburgh Junction 2d M $300,000 gold-.Ba.c*
7 1894
Bonds Underlying Pittsburgh Lake Erie & West Vtr ginta 4s—
Clev Lor A Wheel cons M (now 1st) gold-.Usm.c*
192 1S93
General mortgage $1,000,000 gold redeem 105 N.c
192 1896
Cons ret M 510,000,000 gold red at 102/4--Ta.c*
102 1900
Cleveland Term A Valley 1st M gold guar.. Ba.c* Ar
ss 1895
Monongahcla Rtv RR 1st M gold guar B A O-.Cc.c*
30 1889
72 1900
Ohio A Little Kan Ry 1st M 5250.000 red 105 gold
172 1886
Ohio River 1st mtge ($2,000,000) gold___ FP.c*
209 1887
General mtge $3.O0O,0O() gold 1st oh 39 miles..c*
33 1890
Rav Sp A G1 1st M $400,000 g guar p A i.-FP.c*
11 1892
Huntington A Big S 1st M $400,000 g guar___ c*
77 . 1882
Pittsburgh Cleveland A Toledo 1st mtge gold------30 1878
Pittsburgh Newcastle A L E 1st M extended In gold
215 1887
Pittsburgh A Western 1st cons M 510,000,000 g-.c*
3 1892
Ellwood Short Lino 1st mtge gold 5300,000---- G
176 1890
W Va A P 1st M gold 5s scaled, red at par. Ale.Ba.c*
Leased Lines, Ac., Securities—
Balt A N Y RR 1st mtge gold guar___ McBa.cAr
5/4 1889
1895
Mon River Coal M $1,500,000 gold s f redeem at par
12 1903
Schuylkill River E S RR 1st M g guar p A lendor..
11 1883
Staten Isl Rap Tran 1st it $1,000,000 g $ or £ Us.c*
13 1893
Staten Island Ry 1st mtge 51,000,000 gold— Ba.c*
Balt & Ohio Chic Term RR— ChAGtW IstM g ass d.c*
1886
1910
3/4 g J A
Z
3/4 g
4g M A
4g J A
4/4 g J A
4
F &
Af
5g
5g J
4 g ,1
A
6g
4/4 g J
5g J
5
M
A
AA
A
A
A
A
A
A
A
A
A
it
A
JU July 1 1925
Nov 1 1925
N Nov 1 1941
D June 1 1948
D June 1 1913
A To Feb 1 1920
O Oct
J July
s Sept
J July
J July
1 1935
1 1946
l 1930
1 1922
1 1922
a “ Total Issued" shown In first left-hand column, ba lance being owned b y Baltimore A Ohio.
z Coups. M A N.: reg. lnt. Q.-F.
x ln addition $7,635,050 pledged as part collat. for Pitts. L. E. A W . V a . Sys. 4s,
tor 50 years from July 1 1881. with privilege of renewal, for lnt. on bonds
and dividend on stock, amounting In all to $38,730. See table above and
V. 75, p. 665.— (V. 75. p. 665.)
•
BALTIMORE & H A RR IS B U R G R R .— Emory Grove, Md., to Orrtanna.
Pa., 59 m., with branches. 7 m.. total, 6b m. Leases Halt. A Harrisburg
Ry., Western extension. Orrtanna to Illghlleld, 15 m.. guaranteeing lnt. on
Its bonds. Leased to Western Maryland RR. for 50 years from Oct. 25
1886: rental, lnt. on bonds and 5% on pref. stock (all paid M. & N .).
Dividends on common at 5% had In 1911 been paid annually for over 5
years. Stock, com., $690,900; pref., $29,100.— (V . 44, p. 812.)
BALTIMORE & OHIO R R . — (See Map.) — ROAD .— Operates from Balti
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Louis;
total mileage leased, owned and operated In July 1911,4,434 miles. “ Royal
Blue Line” (see Central RR. of N. J.) gives access to New York.
HISTO RY.— Receivers were appointed In Feb. 1896, but In 1899 reor
ganized without foreclosure, per plan In V.66. p. 1235. The I). & O. South
western was reorganized per plan In V. 67, p. 688, the consol, mtge. of 1893
having been foreclosed; Cent. Ohio, Ac., plan, V. 67. p. 688, 1206, 1356.
The system embraces, subject to mortgages, the following lines:
Pr.lien:3/4% A/.— (1,076m.)Miles. Pittsburgh A Western________ a21
77
Balt.to Wheeling, Belpre.O., Ac. 721 Plttsb. Cleveland A Toledo___
53
Cumb. to Plttsb. & W., Ac----- 355 Plttsb. Painesv. & Falrport__
Eastern Ohio_________________
17
1st Mtge. 4 %— (581 miles) —
11
Balt, to Phlla. and branches— 137 Trumbull & Mahoning________
30
Chicago, 111., to Akron, Ohio.. 378 Monongahcla River R R _______
92
Branches to Fairmont,W.Va.,&c. 66 Clev. Terminal A Valley______
Cleve. Lorain A Wheeling Ry.,
South W . Div. 3 / 4 % A / . —
Wheeling to Cleveland, A c .. al95
Iielpre, O-.vIa Cine, to St.L., Ac. 930
Ohio River RR. Lines—
Pitts. Jet. .314% A f.— (384 miles)
Benwood to Wheeling, A c .. a265
Bcllealrc to Midland City, Ohtol
58
Shawnee to Sandusky, Ohlo..J 377 West Virginia Short Line R R ..
Ohio
& Little Kanawha R R __
74
.........
7
Pittsburgh Junction R R
P. L.E. cfcW. V.Si/s .4% Af.(* 1,642m.)
West Virginia A Pittsburgh... 176 Total ol all (adding Baltimore
___
Belt and other lines).............4,434
Includes 384 m.. also covered by Pitts. Jet. IstM . a Sec this company.
In July 1911 agreed to purchase Sandy Valley A Elkhorn Ry. under con
struction from Shelby,lKy., to new coal track of Consolidation Coal Co.,
about 28 or 30 miles; when completed by Aug. 1912.
In 1910 Chicago Term. Transfer property was bid In at foreclosure and
reorganized as B. A O. Chic. Term. RR.,wlth $8,000,000 auth.stock: bond
issue auth., $50,000,000 50-year bonds. V. 00, p. 166, 1101.
Control of the Cincinnati Ham. & Dayton.— Under the readjustment plan
of the Cincinnati Hamilton A Dayton (V. 88, p. 1436, 1498), the Baltimore
A Ohio in August 1909 acquired virtual control, and Is to acquire full con
trol on July l 1916 at a price to be fixed by arbitrators, the controlling
stock to be vested meantime in three voting trustees, one to be the Presi
dent of the B. A O. for the time being. Certain of the securities of the
C. H. A D. arc guaranteed. See that company. V. 89, p. 102, 468.
READ ING CO.. Ac.— In 1901 $68,565,000 (virtual control) of the $140,
000,000 Reading Co. stock, consisting of $12,130,000 1st pref., $28,530,000
2d pref. and $27 905.000 com., was acquired, the Lake Shore A Michigan
Southern Ry. Co. (Vanderbilt system) taking one-half.
In 1904 the
B A O. and L. S. A M. S . each sold $3,950,000 of the common. V. 76.
p. 101; V. 80, p. 1856.
P E N N S Y L V A N IA AND UNION PACIFIC IN TE R E S T.— The Pennsyl
vania RR. Co. on Jan. 1 1911 owned directly $14,273,600 pref. and $5,725.
000 com. stock; also— through the Northern Central and Phlla. B. A W .
(each owning one-half)— $2,000,000 pref. and $2,097,400 com. stock, and,
through Pennsylvania Co., $5,000,000 pref. and $13,451,200 com. stock.
Union Pacific in Sept. 1906 purchased $32,334,200 com. and $7,206,400
pref. stock. V. 83, p. 562, 686. 1036; V. 84. p. 50, 569.
STOCK.— Authorized Issues: Common, $152,750,000: pref. 4% non-cum.,
$60,000,000: outstanding, sec table above. Pref. stock divs. are limited to
4%. (Sec V. 71, p. 1166. and editorial, p. 1143; V. 72, p. 1186.)
DIVID END S.—
’00. ’01-'04. '05. ’06. '07. ’08. '09. ’ 10 1911,
6
Common ( % ) ...................... 24 y’ly. 4/4 5/4 6
6
6
6
4
Preferred (% ) .................... 4 4 y’ly. 4
4
4
4
4
4
BONDS.— (1) Prior Lien 3/4%, a first lien on main line and branches.
Parkersburg branch and Pittsburgh division, about 1,076 miles of first track
and 1,325 miles of second, third and fourth tracks and sidings, and also all
the equipment now owned of the value of upwards of $20,000,000, or here
after acquired. Total authorized, $75,000,000. See application to list,
V. 69. p. 30: V. 78, p. 1906; V. 86, p. 1528; V. 86. P- 36.
(2) First Mortgage 4% Gold Bonds, Due July 1 1948 but subject to call.
In whole or In part, after July 1 1923, at 105; a first lien on the Philadelphia,
Chicago and Akron divisions and branches and the Fairmont Morgantown A
Pittsburgh R R., covering about 581 miles of first track and about o73 miles
of second, third and fourth tracks and sidings; also on the B. A O. rermlnal
property and the Baltimore Belt RR. They are also a lien, subject to prior
lien mtge.. upon main line, Ac. Sec app. to list, V. 69, P. 30; V. 79, p. 211.
Total authorized (Incl. $49,975,000 Issued at reorganization)--$165,000,000
Of which reserved to retire prior lien bonds In 1925---------- 75,000,000
Issued and Issuable for betterment or extension of the prop
erties covered by mortgages (1) and (2 ). or for extensions,
additions or equipment: at not over $1,500,000 a year for
1st 4 years and $1,000,000 a year thereafter, originally—
27,000,000
(3) Southwestern Division ls< Mortgage 3 34s. Virtually a first
lien upon the properties constituting the B. A O . South
western RR. system, or the securities representing the same,
covering about 930 miles of first track and about 401 miles
of second track and sidings. All Issued__________________ - 45,000,000
(4) B. & O., Plttsb. Jet. & Mid. Div. 3 J4s. Expected to be ul
timately a first Hen upon the railroads of the Central Ohio
system and Pitts. Jet. RR. Co., 385 miles In all. Total----- 20,000,000
Issuable $1,000,000 per year for first two years and therei after $500,000 per year for exten’ns, betterments, Ao.........
5,000,000
Co’s office. 2 Wall St. NY
do
do
do
do
do
do
do
do
Office, 2 Wall St, N Y
do
do
do
do
do
do
do
do
Reg. lnt. Q.-J.
In partial exchange for old bonds and sold ($4,000,000)___ $14,509,000
Of this Issue, $6,175,230 Is in hands of the public and $7,635,050 pledged
as part collateral for Pitts. Lake Erie A West Va. System 4s.
Underlying bonds, see table; underlying stocks still out, $21,227.
(5)
Pittsburgh Lake Erie * West Virginia System mtge. refunding 4% gold
bonds (authorized amount $75,000,000) are a lien on 1,642 miles, consisting
of the Ohio River, Clev. Lorain A Wheeling, Pittsburgh A Western, Ac.,
forming a direct connection with Pittsburgh, Cleveland, Falrport, Lorain
and Sandusky, subject to underlying bonds outstanding thereon (sec table
above). In Sept. 1905 $29,060,950 additional underlying bonds, Including
$7,035,050 Plttsb. June. A Middle Div. 3/4S, were held In trust as part se
curity. The $30,553,000 unissued are reserved to retire underlying bonds,
V. 74. p. 260: V.79. p. 2793: V.80. p. 1423: V.86. p. 479; V.88. p. 451,685.
(0) New York Division and Terminal 1st 4s (authorized amount 510.000.
000) are secured by deposit with the trustee of all the Staten Island Rapid
Transit refunding 4s as Issued ($5,000,000 authorized), all the $350,000
Balt. A N. Y. 1st 5s and the entire stocks of those companies. Of the
bonds, $5,000,000 were Issued on June 30 1911. but held In the treasury, the
balance being reserved for the further equipment, development and exten
sion of the Staten I. properties, including Balt. A N. Y. Ry. V. 83, p. 1042.
In Nov. 1907 purchased 2,000 cars from the Fairmont Coal Co., assuming
part oT $1,529,000 5% car trust bonds due $162,000 yearly to Sept. 1918
V. 85, p. 1404. Ground rent liens June 30 1911, $1,130,496.
LEASED LINES.— Schuylkill River East Side 5% bonds were purchased
Dec. 1 1903 at 110, per V. 08. p. 40, and $5,000,000 new 4s Issued guaran
teed p. A l. by endorsement. V. 77, p. 1745; guaranty, V. 81, p. 727.
The West Virginia A Pittsburgh (sec agreement In V. 67, p. 1310) has
been operated since Sept. 1 1899 under a 99 years’ lease, for 4% on the mtge.
to be appropriated to payment of bond interest. V. 69, p. 439.
Owns $1,950,000 of $2,400,000 Pitts. Clev. A Toledo 6s. V. 70, p. 47.
FINANCES.— In Feb. 1909 sold 513.100,000 Pitts. L. E. A West Va.
div. 4s. V. 80, p. 1528; V. 87, p. 36.
In 1910 sold $10,000,000 4% notes due Mch. 10 1911: also filed 4% equip,
mtge. for 510.000,000, none to be Issued at present. V. 90, p. 696. 848.
In May 1910 sold $40,000,000 3-year 4/4% gold notes, part of a $50,000,
000 auth. Issue, for Improvements and equip., secured by $6,000,000 first
pref.. 514,000,000 2nd pref. and S10.000.000 Reading com. stock and $28,
000,000 B. A O. Chic. Term. 1st M. 4% bonds, the remaining 510,000,000
being sold to retire the $10,000,000 notes due Mch. 10 1911. Other collat
eral may be substituted. See V. 90, p. 1295: V. 92, p. 460.
The capital expenditures for 13 years ending Dec. 31 1909 were $151.
704,000, and $24,000,000 will be required to complete construction and
betterments in progress and equipment contracted for. V. 90, p. 166.
EARNINGS.— 2 mos.,/1911.........Gross, $15,611,672; net, $5,053,899
July 1 to Aug. 31. \1910.........Cross, 16,097,793; net, 4,939,892
R EPORT.— Preliminary statement for 1910-11 (June partly estimated),
V. 93, p. 161. For year 1909-10, V. 91, p. 1020, 1037. (See also p. 997.)
Year ending June 30—
1910-11.
1909-10.
1908-09.
Miles ..........
4,334
4,434
4,460
Freight earnings................................$07,629,937 $69,408,113 $58,355,112
Passenger earnings_________________ 15,208,432 14,485,585 13,551,238
Mall, express, Ac., earnings________
5,300,635
5.007,554 4,506,506
Total gross earnings______________ $88,145,007 $88,901,252 $76,412,856
Operating expenses_________________ 62,764,937 01,333,801 51,163,981
Net earnings................................. $25,380,067 $27,567,451 525.248,875
Operating Income (after taxes)_______$22,634,375 $24,497,854 $22,438,051
Other income.................................... 4,896.598
4,217,898 3,347,257
Total net Income---------------------- $27,530,973 528.715,752 525,785,307
Interest, rents, Ac_________________ $14,710,982 $12,468,16.) $12,049,301
Miscellaneous Improvements, A c ....................... „ 41o,76l
54J„>/2
Dividends on preferred stock (4 % ).. 2,355,545
2,3o5,67o 2,355,887
Dividends on common stock (6 % )___ 9,120,600
9,118,538 9,116,431
Balance, surplus_________ .'_______$1,343,846 $4,357,613
51,714,116
Executive Committee— Daniel Willard, Chairman; Oscar G. Murray,
J. R. Foard, L. F. Lorec, Robert S. Lovett. E. R. Bacon, N. B. Ream and
.Samuel Rea; Pres., Daniel Willard; 1st VIce-Pres., Geo. F, Randolph; 2d
Vlcc-Pres., G. M. Shrlver; 4th Vtce-Pres. A Treas., J. V. McNeal; See..
C. W . Woolford.
,
_
Directors— R. Brent Kcyser, John P. Green, Samuel Rea, Paul M. War
burg, Oscar G. Murray, James Speyer, Robert S. Lovett, Norman B.
Ream, James Stillman, Edward R. Bacon, Joseph Wood, L. F. Loreo.
New York office. 2 Wall St.— (V. 93, p. 161. 228, 730, 795, 1105.
BALTIAIORE & OHIO CHICAGO T E RM IN A L R R .— Property con
sists of passenger and freight terminals In city of Chicago, lines of railway
leading thereto and a belt line around the city; also 760 acres of land In
and adjacent to the city, of which 50 acres are In the centre of the business
district; also Includes 7,500 feet of dock property on Chicago River. Nearly
all land. Including that upon which tracks nave been built. Is owned In fee;
Track owned, 84 m.; leases from Chicago Junction Ry. 11 m.; trackage, 7 m.;
total, 101 m.; 2d track, 69 m.; sidings, 118 m.; total all tracks, 289 miles.
H ISTO RY.—Successor to Chicago Terminal Transfer RR., bid In on Jan.
10 1910 by the B. A O. under foreclosure of 1st mtge., subject to two under
lying mtges. shown above. V. 90, p. 166, 100, 235, 625. Stock author
ized and Issued, $8,000,000: par, $100.
TENANTS.— Balt. A Ohio, Chicago Great Western. Chicago Junction,
Pcre Marquette. See V. 77, p. 948, 2158: V. 79, p. 901. Minimum rentals
from tenants, $513,500 annually. V. 79, p. 2084.
BONDS.— Of the 1st M. bonds of 1910, $28,000,000 issued as series A 4s
were given to the Balt. A Ohio to represent the cost of the property, and are
pledged under Its 3-year 4/4% secured gold notes, $5,000,000 additional
series A 4s to be Issued when required for Improvements and $1,200,000
reserved to retire the old bonds and $15,800,000 for extensions. Improve
ments and equipment to bear not over 4/4% Interest. V. 90, p. 1295.
15
RAILWAY STOCKS AND BONDS.
O c t ., 1911.,
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O
MAP OF T H E
jBeach
i Elizabeth
>
B A N G O R
&
A R O O S T O O K
RAILROAD AND CONNECTIONS.
l(j
RAILWAY STOCKS AND BONDS.
RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]
Baltimore & Potomac—See Phila Balt & Washington.
Bangor & Aroostook—Stock (see tex t)___________
First mortgage ($16,000 per mile) gold____ Q.c
Second mortgage gold_________________
Usm
First intge Piscataquis Dlv $1,500,000 gold. Q.c*
V Bur Ext 1st M $500,000 g (V 69, p 9o2)...Q .c*
Aroostook Northern 1st mtge $225,000 gold-.U.c*
Consol refunding mtge $20,000,000 gold___ OB.c*
Medford Ext 1st M $1,000,000 g (V84,p692)-Us.c*
Washburn Extension 1st M gold.............Ce.c*ftr
St Johns Rlv Ext 1st M $1,800,000 guar.. Ce.c*ftr
Aroostook County bonds (assumed)................ .......
North Maine Seaport 1st M guar p & L.Usm .c*&r
Car trusts Ser C gold guar due $45,000 s-a.PcP.c
Car trust Ser D g gu $45,000 due s-a________PePo
Car trust Ser E gold due $ 12,000 or $13,000 yrlyPeP
Bath & Hammondsport— First m ortgage......... .......
Second mortgage____________ _____ ______________
Beaum't & dt Nor— 1st M g $40,000 p m red 10214--G
Beech Creek—Stock (guaranteed 4% by endorsement)
First mortgage gold guar p ft l (endorsed). . K.c&r
Second M for $1,000.000 g guar p & 1 (end)..Un.c&r
Beech Creek Hxten — 1st M $4,500,000 g gu p & 1. Q.c*
Beech Creek consol mtge $20,000,000 gold..G.c*&r
Bellingham Bay & Brit Col — 1st M $1,000,000 gold s f
Belt RR & Stk Yd. Ind—Stock auth $2,000.000_____
Preferred stock cumulative______________________
1st refunding M $1,000,000 gold_______________c*
Belt Ry of Chattanooga— First mtge gold...i)leBa.c*
Belt Line Ry, Montgomery— 1st M gold $300,000___
Belvidere Delaware—Stock $4,000,000
Consolidated guaranteed by United Co's sink fd ..r
mortgage guaranteed by United Co's sink fd ..r
Issue $600,000 reduced by sink fd j.r
of 1875
$4,000,000 guaranteed by United Co’s sink fd.o*
Bennettsvillc & Cheraw— 1st M $150,000 g-.MeBa
Bessemer & Lake Erie— Erie equipment trust...........
Locomotive equipment trust_______________'._____
M iles Date
Road Bonds
Par
Value
$100
1893
1.00C
1895
1,000
1899
1.000
1899
1,000
1897
1.000
1901
1.000,
1907
i .ooo:
1909
1,000
1909
1.000
’92-’95
1,000
54 1905
1.000
__ 1906
1,000
1907
1,000
1911
1,000
10 1889
1.000
10 1893
1,000
49 1909
1,000
165
50
165 1886
1,000
165 1892
1.000
59 1901 1.000 &c
1905 1.000 &c
All
1901
l.ooa
__ ___
50,
__ ___
50
__ 1909
1,000
49 1895
1.000
__ 1911
1,000
__
50
81 1885
1,000
81 1887
1,000
81 1893
1,000
81 1903
1,000
1911
1,000
1902
. . . 1903
1,000
211
211
77
3.3
15)4
412
28
55
60
xtsruK
r.— For
ror year cnaing
i , gross, $1,451,102; net, $224,
REPO
RT.—
ending oune
June .ju
30 1911,
445.
- year end.
•* June
*
" " 1909, given
‘
|In V. 89, p. 1066,
5. ~
Report' of- old co. for
30
shows
>ws: Opcr. rev., $1,091,817; oper. Inc., def. after taxes, $101.727;othcr
Income
ome, $698,412.— (V. 9). p. 625, 1101, 1295; V. 92. p. 1031.)
BANQOR & AROOSTOOK RR.— (See M ap.)— Oldtown, Me., northerly
to Van Buren, with branches; total, 599.3 miles, viz.:
Lines owned—
Miles.
Lines Leased—
Miles.
Oldtown to Van Buren---------- 221.7 Northern Maine Seaport. So.
Ashland Jet. to Fort Kent--------94.9
La Grange to Scarsport..........54.1
Milo Jet. to Greenville_________ 48.8 Spurs.................
5 .3
South La Grange to Packards.. 28.0
St. Johns River Extension______ 32.0
Masardls to Stockholm, &c_____ 55.0
Branches--------------------- — 87.5
Total June 30 1911.............627.3
ORG ANIZATIO N.— Organized Feb. 13 1891. For organization sec
V. 66, p. 855. Owns entire stock of and leases for 999 years Northern Maine
Seaport RR., which In Nov. 1905 opened extension from La Grange, Me., to
Searsport, on Penobscot Bay, 54 miles. V. 81, p. 1549; V. 84, p. 693.
STOCK.— $2,983,800 as Increased In 1910 by $494,200, to build exten
sions. V. 84. p. 1549.
DIVIDENDS.— 1 Vi% semi-annually Jan. 1904 to Jan. 1905, both In
clusive; July 1906 to Juiy 1911, 4% yearly.
BONDS.— Piscat. Dlv. 5s. see V. 67, p. 1159; V. 08, p. 84, 329. Of the
oonsol. ref. gold 4s, $12,500,000 were reserved to pay oil the outstanding
bonds. Including those of controlled roads, car trusts and pref. stock,and to
aoqulre such controlled roads; $3,000,000 for Improvements over a scries
of years and $4,500,000 for extensions at $25,000 per mile, Including equip
ment. V. 73, p. 286, 896; V. 74, p. 93. The Northern Maine Seaport
bonds, of which $4,688,000 issued ($5,000,000 auth.), are guaranteed. V.
81, p. 265: V. 82. p. 392: V. 84, p.391, 692: form of guaranty. V. 81, p. 727.
The Washburn Extension 1st M. 5s of 1909 cover the road from Masardls
to Stockholm, Me., 48 m., with 7-mIlc spur, operated from June 20 1910.
V. 90. p. 848, 913.
The St. John River Extension 1st 5s of 1909 ($1,800,000 auth. Issue),
guaranteed, prln. & Int., were issued at $30,000 per mile, the 60 miles being
completed In Nov. 1910. V. 93, p. 939.
LATEST EARNINGS.— fl911________Gross, $501,522; net, $146,180
2 mos., July 1 to Aug. 31. 11910---------Gross, 443,384; net, 124,152
Deficit under charges In 2 mos. of 1911, $29,512, against $26,521.
A N N U A L REPO RT.— Report for year ending June 30 1911. In V. 93,
p. 1155. In 1910-11, gross, $3,351,740; net, $1,169,340: other Income,
$178,629; charges, $1,185,333; dividends (4 % ), $124,584; bal., stir., $38,052.
In 1909-10, gross, $3,163,272; net, $1,205,240. Directors Oct. 1908, V. 87,
p. 1088.— (V. 93, p. 406, 795, 939, 1105.)
B A T H & H A M M O N D S P O R T R R . — Bath, N. Y.. to Hammondsport,
N. Y., 10 miles. Control acquired by Erie RR. In 1908. Stock, $100,000.
Year ending June 30 1911, gross, $44,822; net, incl. other Income, $13,' 63;
Interest, taxes, &c., $18,472; betterments, $6,221; bal., def., $9,716.—
(V. 79, p. 1954.)
B E A U M O N T & G R E A T N O R T H E R N R R . — Owns Trinity, Tex., to
Weldon, 49.3 miles. Stock, $49,000, In $100 shares. Guaranty Trust Co.,
N. Y., mortgage trustee. V. 90, p. 235. For year ending June 30 1911,
gross, $89,604: net, after taxes, $30,399; other Income, $24 charges, $.30.
558; bal., sur., $90. Pres., William Carlisle, Atchison, Kan.; Sec. and
Trcas., W. S. Bartlett. Office, Onala3ka, Tex.— (V. 90, p. 235; V. 91,
p . 588.)
„ BE E C H C R E E K R R . — (See Maps N . Y. Central & Hudson River RR.)—
RO a D.—Jersey Shore, Pa., to Mahaffey, 112 m.; branches to Phlllpsburg,
to mines, &o., 53 miles: total, 165 mPes.
LEASE, &c.— From Oct 1 1890 leased to the N. Y . Cent. ft Hud. River
RR. for 999 years at Interest on bonds and 4% on stock, and since May 1
1899 operated directly as a part of Its Pennsylvania division. V. 68, p. 872.
Carries mostly coal and coke. See guaranty, V. 52, p. 570. The bonds are
endorsed with New York Central’s guaranty of principal and Interest. See
V. 52, p. 570. Guarantees Interest on $721,500 Clearfield Bituminous Coal
1st 4s due Jan. 1 1940— see that co. under "Industrials.” — (V. 75, p. 1398.)
BE EC H C R E E K E X T E N S I O N R R . — {See Maps N. Y. Cent. & Hud Riv.)
— Clearfield, Pa., to Keating, 52.14 m.; Curry to Curwensvllle, 15.77 in.;
Harmon to Irvona, 26.76 m.; Mahalfey to Arcadia, 13.67 m.; branches,
22.78m.; total, 13l.l2miles. In Feb. 1911 purchased 7 miles from Keating
to Lock Haven (former Pittsb. Binghamton & Eastern), V. 92,_p. 596. A
low-grade coal line leased to N. Y. Central & Hudson River RR. (which
owns the entire $5,179,000 stock and $3,964,000 consol. 4s) for 999 years
from June 1 1905, bonds being guar. p. & I. Of the consols, part Is reserved
to retire, $ for $, old bonds. V. 80. p. 1174, 1479; V. 81, p. 30: form of
guaranty, V. 82. p. 1267.— (V. 82, p. 1267.)
B E L L I N G H A M B A Y & B R I T I S H C O L U M B I A R R . — Bellingham to Gla
cier, Wash., 44.16 m.; branch from Hampton to Lynden, 5.31 m.; spurs,
6.96 m.; yard tracks and sidings, 6.60 m.; total, 63.03 m. Stock, $1,000,
000, all owned by New York and San Francisco parties. Loans and bills
payable June 30 1910, $228,000. Year ending June 30 1911, gross, $326,
215; net, $45,989. In 1909-10, gross, $273,957: net Income, $04,653; In
terest and taxes, &c., $60,084; bal., sur., $4,569. Pres., II. II. Taylor.
— (V. 81, p. 810.)
B E L T L I N E R Y . OF M O N T G O M E R Y . — Owns real estate and a belt line
In Montgomery, Ala., about 1 mile of track on Tallapoosa, Bell, Perry and
Columbus streets. Atlantic Coast Line RR. pays an annual rental equal to
bond Interest and difference between taxes. Insurance and cost of operation
and gross earnings from others than the Atlantic Coast Line. Atlantic
Coast Line R R. owns about 99.9% of the $200,000 stock; par, $100. Of
the $300,000 1st 30-year 5s, $75,000 are reserved for Improvements and ad
ditions. V. 92, p. 1242; V. 93, p. 43. Year ending June 30 1910, gross,
$20,500; net, $14,428; charges, $11,036; bal., sur., $3,392.— (V. 93, p. 43.)
Amount
Outstanding
Rate
%
When
Payable
|VOL. LXXXXTII
Last Dividend
and Maturity
Places Where Interest and
Dividends are Payable
$3,198,600 4 In 1911 Semt-an July 10 1911 2% Checks mailed
3,360.000
5 g J & J Jan 1 1943
Guar Trust Co, New York
112,000
5 g J ft J July 1 1045
do
do
5 g A ft O Jan 1 1943
1,500,000
do
do
A ft O Jan 1 1943
500,000
5g
do
do
A ft o Oct 1 1947
225,000
5g
do
do
6.721.000
4 g J ft J July 1 1951
Brown Bros. N Y & Bost
M ft N May 1 1937
l.ooo.ooo
5g
do
do
F ft A Aug 1 1939
1,650,000
5g
Central Trust Co, N Y
F ft A Aug 1 1939
1,800.000
5
do
do&Bos
728.000
Various Sept 12-July 15 Fourth Nat Bank, Bost
4)4
4,706.000
5 g A ft O Apr 11935
Brown Bros N Y Bos&Ph
405,000
5 g J ft D To June 1 1916 Brown Bros, N Y ft Bost
540,000
5 g A ft O To April 1 1917 Brown Bros, N Y & Bost
125,000
5
A ft O To Oct 1 1921
do
do
100,000
5
J ft D June 1 1919
50 Church St, New York
200.000
5A & O Apr 11923
do
do
605.000
5 g J & J July 1 1939
New York
6.000,000
4
Q— J Oct 1 1911 1% Grand Cent Term Inal, NY
5.000,000
4g J
J July 1 1936
do
do
1,000.000
5 g J ft J July 1 1936
do
do
3,500,000
1 Cent Terminal,NY
3 H g A & () Apr 1 1951
3,964,000
4g
A & O Apr 1 1955
do
do
659.000
5 g J ft D Deo 1 1932
IT S M & Tr Co. NY;& SF
1,500,000 See text J ft J Jan 1 1911 3%
office, Indianapolis
500,000
6
do
do
Q—J Oct 1 1911 1J4
See text
4 g M ft N May 1 1939
300.000
5
J ft J July 1 1945
225,000
5 g J & J July 1 1941
1,253,000 10 In ’ 10 See text Deo 31 ’ 10 10%
500.000
M & S Sept 1 1925
4
do
do
F ft A Feb 1 1927
749.000
4
do
do
4
J ft J Jan 1 1933
500,000
do
do
972,000
314 g J ft J Jan 1 1943
do and Bk Com,NY
150,000
5 g J & J Jan 1 1941
M ft S Mch 1 1922
1.220,000
5
M & s Mch 1 1913
150,000
5
do
do
BELT RAILROAD & STOCK YARD OF IN D IA N A P O L IS — Owns 14
miles of belt road, &o. Leased for 999 years to Ind. Union— which see.
STOCK.— In June 1911 stock was Increased from $1,000,000 to $2,000,
000, one-half of the new stock being distributed July 1 as a 50% stock div
idend, the remainder to be sold as required for Improvements. V .92,p.1700
D IV ’ ND— 1Preferred In/Common ’05. ’06. ’07. ’08. ’09. ’ 10.
1911.
Since 1904../full to date.)stock. % 8
8 11 12
6
6
3,0
. The $1,000,000 30-year 4s of 1939 (Union Trust Co., Indianapolis, trustee)
were used to retire the 6s due April 30 1911. V. 89, p. 40; V. 92, p. 1242.
Pres.,^ S. E. Rauh, Indianapolis, Ind.— (V. 89, p. 40; V. 92, p. 393, 1242
BELT R A IL W A Y (OF CHATTANOOGA. TENN .)— Owns 49 miles of
belt railroad In Chattanooga, Tenn. V. 67, p. 72.
Leased till July 1 1945 to Alabama Great Southern UR.; rental guaran
teed to meet Interest on first mtge. bonds, taxes and maintenance. STOCK
Is $300,000, owned by Alabama Groat So. Ry. There are also $24,000 2nd
M. 4s. due 1945. redeem, at par; coup, paid Jan. 1901 to Jan. 1911 Inclusive.
BELVIDERE DELAWARE RR.— Owns from Trcuton, N. J., to Manunka Chunk, N. J., 67 miles; Flemlngton RR., &o., 14 miles; total oper
ated, 81 miles. Leased to United Companies, and transferred to Pennsyl
vania RR. March 7 1876. Net earnings paid as rental.
•
Dividends.— 1897 to 1906, 5% yearty; 1907 to 1909 (Feb. or Moh.), 10%
yearly; Dec. 1909. 5% (s.-a.); 1910, Deo. 31, 10%.
BONDS.— All of the outstanding bonds are secured by the consolidated
mortgage of 1875 for $4,000,000; sinking fund, 1% of outstanding bonds If
earned. The Issues of 1885, 1887 and 1903 arc guaranteed by the United
New Jersey RR. ft Canal Co. Guaranty. V. 76. p. 918.
«r?^ ,I?,NINGS’— In 19l°- ST088- 51.886,002; net, $282,605; other Income.
m .’? 12; Interest, taxes, &o., sinking fund and other charges, $211,742;
dividends (10%), $125,300: surplus, $375.— (V. 91, p. 1765.)
BENNETTSVILLE & CHERAW RR.— Owns Kollocks, S. C., on Sea
board Air Line, via Beunettsvllle, to Brownsville, 34 m. To be extended
over 11 miles to Sellers on Atlantic Coast Line. Purchased by present
owners about March 1907. Stock, $125,000. Bonds (sinking fund $3,000
yearly), v . 92, p. 116. Year ending June 30 1911, gross. $82,783; net after
taxes, $25,589; bond Interest, $(>.801; dlvs. (6%), $7,500; bal., sur., $11,288.
Pres., j . j . Hecker; Sec. and Trcas., Geo. BurchlU. Office, Bennettsvllle
S .C .— (V. 92. p. 116.)
BENNINGTON & RUTLAND R Y.—See Rutland R R .— (V. 70, p. 685.)
, BERKSHIRE R R — Sold In July 1910 to New York New Haven ft Hart
ford RR. v . 91, p. 154.
o PtySSEMER & LAKE ERIE RR.— Leases Pittsburgh Bessemer ft Lake
Erie HR., Bessemer, near Pittsburgh, Pa., to Conneaut Harbor, Lake Erie
w,th branches and spurs, a total of 212 miles, tor 999 vears. from Am- 1
1901; owns 9 miles; total, 250 miles. V. 72, p. 137. Stock, auth., $500,000.
Controlled by Carnegie Co. and so by U. S. Steel Corporation
Guar
anty of Marquette & Bessemer Dock ft Navigation bonds, V. 77. d 1228
V. 76. p. 1358: V. 82. p. 160.— (V. 82. p. 160.)
*p
s’
BINGHAM CENTRAL R Y.— (V. 92, p. 116.)
BINGHAM & GARFIELD RY.— (V. 91, p. 654. 716; V 92, p. 1700.)
BIRMINGHAM & ATLANTIC RR.— Talladega to Coal City, Ala., 31
miles; branches. Rogans to ore beds, 9 miles, and Furnace to Welslngcrs,
3 miles; total, 43 miles. Stock, $1,000,000, all oommon; par of shares,
$100. Bonds. $500,000 40-year 1st 6s, due Nov. 1 1931 ($1,000 each);
interest, payable M. ft N., In default. Year ending June 30 1911, gross,
522,713; net Income, $999. In 1909-10, gross, $19,997; net Income, $252;
taxes, &c., $3,363; bond Interest, not paid. Pres., Sidney H. March; Sec.
and Treas., John Carlson, 25 Broad St., New York.
BIRMINGHAA1 & SOUTHEASTERN RY.— Owns Union Springs to Fort
Davis, Ala., 7 >4 miles. In Dec. 1909 an extension from Fort Davis to
Rockford, 58 miles, was proposed, of which 20 miles from Fort Davs to
Mlllstead, almost completed Jan. 1910. Name changed from Union Springs
& Northern R y.ln May 1911. V.92, p. 1244. Stock, $500,000 as Increased
March 1911. In June 1911 arranged to make a now mtge. for $3,000,000
the $75,000 old bonds being retired. V. 93, p. 43. Year ending Juno 30
LUO. gross, $23,440: net. $5,284: charges, $5,876: bal.. def., $592. Pres..
W. M. Blount, Union Springs, Ala.— (V. 93, P. 43.)
BIRMINGHAM TERMINAL CO.— Owns passenger terminals at Birming
ham, Ala. Stock all owned by the Illinois Central, Southern Ry., Seaboard
Air Line, Central of Georgia, St. Louis ft San Francisco and Alabama Great
Southern, which lease the property and pay all expenses, charges and 4%
„Sn(Is on the stock and Jointly guarantee the bonds. Of the bonds
($3,000,000 authorized), $1,060,000 are reserved for additional properties.
V. 83, p. 1227; V. 85, p. 404. Guaranty, V. 90. p. 848.— (V. 90, p. 848.)
BLOOMSBURG & SULLIVAN RR.— Owns Bloomsburg to Jamison City.
Pa., 29 miles. Stock Is $600,000: par, $50. V. 66, p. 80, 952. Year
ending June 30 1910, gross. $108,003: net. $45,421; other Income. $1 034charges, $42,989: balance, surplus, $3,466.— (V. 66, p. 80, 952.)
’
BOCA & LOYALTON RR.— Owns from Boca, on Central Paclflo main
line, northwesterly via Loyalton, to Beckwith, 40 miles; 6 miles additional
main line and 10 miles of branches; total, 56 miles. The Denver ft Rio
Grande June 30 1911 owned 51% of stock.
u
Stock, $1,200,000; par of shares, $15. Bonds cover also Roberts Lumber
Co. s Property, comprising 52,769 acres of pine lands, water-works, &o.
Mercantile Trust Co. of San Francisco Is mortgage trustee. They are sub
ject to call for sinking fund at 110 and Interest. V. 76. n. 1191 For vear
ending June 30 1911. gross, $124,500; net, $29,162. In 1909-10 gross
$184,296; net. $76,256; charges, $66,512; bal., sur., $0,7437— (V. 8 1,p.667 )
BOLIVIA R Y . — V. 89, p. 1667; V. 90. p. 107; V. 91, p. 716
A
B U F F A L O ,
R O C H ES T ER
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6
18
RAILROAD COMPANIES
lFor abbreviations, &c., see notes on first pice]
Bessemer & Lake Erie (Concl) — Standard equip trust.
Bessemer equipment trust, due 5110,000 yearly__
Conneaut equipment trust______________________
National equipment trust due $40,000 May yearly
Bins & Gar— 1st M ggured 110 beg’ 13convJuly’ l l - ’ l'
Birmingham Belt—See St Louis ft San Francisco
Birm'h & Southeas— 1st M $3,000,000 g red 107 )4-Cc
Birmingham Terminal— 1st M $3,000,000 gold guar..
Bloomsburg & Sullivan RR— 1st M $400,000------ FP
Second mortgage Income non-cum $200,000-----FP
Boca & Loyalton— First M SG75.000 gold call llO -.c*
Boonvillc St L & South Ry— 1st M g gu red 107 M -.Ta
Boston & Albany— Stock ($30,000,000 authorized)...
Bonds (not mortgage) guaranteed prin and Int-----c
Bonds (not mortgage) So,000,000---------------------Bonds (not mtge) 52,500.000 (V 71,p 1218:V72.p44)
Impt bds (not mtge) $4,500,000 due 1934 gu p & 1.
do
(not mtgci $2,000,000 guar prin ft Int----Bos & Low— Stic auth ($7,399,400)
See description
Bonds 40 years not mortgage—
in “ Investors'
do
do
Bonds 20
Supplement”
do
do
Bonds do
of April 1895.
do
do
Bonds do
p. 2.
do c’ ..
do
Bonds do
Boston&Matne
do c *..
do
Bonds do
gives a rental
do
do
Bonds do
guaranty tor99
do
do
Bonds do
years.
do
do
Bonds do
do
do
Bonds do
do
do
Bonds do
Preferred stock 6% non-cumulatlvc.................. OB
Improvement bonds s f not mortgage or subj to call.
Bonds (not mortgage) for Improvement & ref-.c&r
Bonds (not mortgage) gold......................... . ..e f t r
Bonds exchanged for Fitchburg stock (V 70, p 175).
Bonds (not mortgage). SI.000.000.........................
Bonds 52.000.000 (not mortgage)...........................
Bonds (not mortgage). 20-year..............................
Bonds (not mtge), currency............................. c&i
Bonds (not mortgage) $12,000,000---------------- cAr
Miles Date
Road Bonds
1905
1907
. . .
1010
1911
1907
29 1898
29 1S98
56 1903
1911
392
1902
1893
1901
’08-’09
1910
1892
1893
1895
1896
’97-’98
’99-’01
1903
1905
1906
1907
1909
...
1887
1892
1894
1900
1901
1903
1905
1906
1909
Amount
Outstanding
Rate
%
$1,000 $1,060,000
1,000
1,100,000
300,000
160,000
500 ftc 2,500,000
5
5
5
5
6g
Par
Value
100 ftc
1,000
100 Ac
100 ftc
1.000
1,000
100
1,000
1,000
1,000
1,000
1,090
100
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
100
100
1,000
1,000 ftc
1,000
1,000
1.000
1,000
1.000
1 000 Ac
1.000 ftc
BOONVILLE ST. LOUIS & SOUTHERN R Y — Boonvillc t » Versailles,
Mo., 44 miles. In June 1911 sold to Missouri Pacific, a new Issue of
$500,000 1st 5s being sold to retire the $400,000 0s due Aug. 1 1911 and for
improvements, guar., prin. and int., by Missouri Pacific. V. 93, p. 285.
Stock, $250,000, par of shares, $125.— (V. 92. p. 1700; V. 93, p. 228. 285.)
BOSTON & ALBANY RR.— Owns from Boston, Mass., to Albany, N. Y.,
200 miles; branches, 104 miles: leased lines, 88 miles; total, 392 miles.
Leased in 1900 for 99 years to the New York Central A Hudson River RR.
for guaranteed rental of 8% per annum on the $25,000,000 stock, payable
quarterly (Mch. 30, Ac.), organization expenses. Interest on bonds, taxes,
expenses of maintenance, Ac. The B A A. received for certain property
not Included in the lease $5,500,000 in N. Y. Central 3 )4% 100-year deben
tures, thus adding .77% per annum to 8% guaranteed on stock. See lease
In V. 69, p. 282; V. 09, p. 1061. 1102, 1240; V. 70, p.74: V. 71. p. 045. 903.
The N. Y. N. H. A Hartford has trackage rights over the road for 10 years
from July 1 1911 anda half share in the net results of operation. V.92, p.1177.
BONDS.— In 1908 $7,000,000 25-year 4% impt. bonds were sold, guarprin. and Int., by xVew York Central A Hudson River RR. No mortgages
can be placed on the property without Jointly Including the bonds in the
lien. V. 86. p. 1099, 1158, 1460, 1528: V. 88, p. 99. In June 1909 issued
54 500 000 25-year 4% guaranteed bonds for additions and improvements
and in 1910 sold $2,000,000 25-year Is. V. 88, p 1000; V. 89, p. 102; V. 89,
p. 161: V. 90, p. 1169, 1162; V. 91, p. 335, 396.
D IVIDENDS.— Since 1900, 8)4% , viz.; 2% each In March and Sept.,
214% In June and 2)4% In Deo.
EARNINGS as reported to State Railroad Commission by lessee:
Calendar
Opera ingOper. Inc.
Other
Interest,
Dalance,
Year—
Revenues,
{after Taxes) . Income. Divs., &c.
Deficit.
1910
...$14,272,987 $2,401,181 $225,929 $3,742,254 $1,115,144
2.796,287 149,009
3,523,130
577,834
1909 ......... 13,027,705
— (V. 90. p. 1612; V. 91, pt. 335, 396, 945; V. 92. p. 880, 1177. 1503.)
BOSTON & LOWELL RR.— ROAD.— Owns Boston to Lowell, 26 miles;
branches— Salem and Lowell, 17 miles; Lowell and Lawrence, 12 miles;
others, 45 miles: Middlesex Central, 11 miles; leases— Connecticut A Passumpsio, 146 miles; Nashua A Lowell, 15 miles; Peterborough, 10 miles;
Northern N. H.. 83 miles (and subsidiary lines 90 miles); Stony Brook RR.,
15 m • Wilton RR., 13 m. Leases mostly assumed by Boston A Maine,
whlch'ln Mch. 1911 obtained authority to purchase stock. V. 92, p. 1108;
V. 93, p.939.
. „
Leased in 1887 for 99 years to the Boston * Maine at 7% per annum on
stock till Jan. 1 1897 and 8% thereafter. The stockholders voted Jan. 4
1 9 1 1 to Increase stock from $7,119,400 to $7,399,400, the $280,000 new
stock being sold for additions and Improvements. V. 91. p. 1710; V. 92,
p. 259, 593, 1031, 1177; V. 93, p. 939.— (V. 92, p. 593, 1031, 1177; V. 93,
p. 939.)
BOSTON & MAINE RR.— ROAD.— The system with Its many branch
lines covers the territory from Boston, Mass., to Portland, Me. (two lines),
Springfield, .Mass., Sherbrooke, Can., Rotterdam Jet. and Troy. N. Y.,
Worcester, Mass., to Portland, Me., and most of New Hampshire.
Lines owned.
Miles. | Lines'.eased— (Concluded). Miles.
Fitchburg........- ...................... a458
Boston, Mass., to Portland, Me.,
via Dover____________________ 115 Nashua ft Lowell----------------- a 15
Boston to Portland, via Portsm. 108 Worcester Nashua ARochester. a94
Jewett, Me., to Intervale, N. H . 73 Connecticut River R R ------------ a81
Portsmouth Electric R y _______ 18 Other_________________________ 36
Trackage rights________________ 10
Portland, Me., to Rochester,
N. H ..................................... 54
North Cambridge to Northamp
Total operated July 1 1911------ 2,290
2d track (3d A 4th track. 10) 560
ton, Mass___________________ 96
Sundry branches________________ 18-1 Controls Maine Cent. System.. 1,164
St. Johnsbury ft Lake Champ. 125
Lines leased, a See this company.
York Harbor ft Beach--------- 12
Boston ft Lowell______________a469
Vermont Valley_____________ 24
Concord
Montreal__________ a479
Sullivan County_____________ 26
Boston RR. Holding Co. owns 51% of stock, which cannot be transferred
without permission of Massachusetts Legislature. V. 92, p. 117.
Boston ft Maine guarantees $1,328,000 first 5s of St. Jonnsbury ft Lake
Champlain. Also Interest on $274,000 Manchester * Lawrence 4s. Jointly
with Maine Central guarantees $300,000 Portland Station (now Portland
Terminal) bonds and will also guarantee Jointly a new Issue of bonds limited
to $10,000,000. V. 93, p.940.
In June 1911 purchased the Wore. Nashua * Roch., 94 miles; also In Mch.
1911 acquired control of Montpelier & Wells River, Harreand Barrc Branch
railroads; total, lncl. spurs, 71 miles. V. 90, p. 625: V. 92, p. 659. 1563.
In April 1911 authority was given to purchase stock of Boston ft Lowell,
Concord ft Montreal, Northern (N. II.), Lowell ft Andover, Manchester ft
Lawrence. Connecticut River, Conn, ft Passumpslc Rivers and Massawlppl
Valley; also additional Maine Central stock. V. 92, p. 1108.
The stockholders on Oct. 11 1911 authorized the lease of the Hampden
RR. Corporation, under construction from Springfield, Mass., to Bondsvllle,
with branch to Holyoke, a total of 30 miles. V. 93, p. 1021; V. 92, p . 1242.
STOCK.— Stockholders voted Nov. 2 1910 to Increase the common stock
by $10,603,700 for Improvements, the new stock being offered pro rata
at 110, payable in full Jan. 10 1911 or In 4 equal Installments on Jan. 10,
April 10, July 10 and Oct. 10 1911. the proceeds to be used for equipment,
improvements and abolition of grade crossings: common stock outstand
ing Oct. 1911, $39,505,390. Amount paid in on account of new stock
June 30 1911 was $11,077,935. V. 91, p. 1095, 1253, 1384, 1628; V. 93,
p. 228.
BONDS.— As to debentures, see Issue of April 1895. In June 1911 sold
$5,000,000 1-year 4% notes for Improvements and purchase of Wore. Nash.
& Roch. Ry. V. 92, p. 1635. Notes payable June 30 1911, $6,250,000.
D IVIDENDS— / ’93. ’94-’98. ’99.’00-’07. ’08. ’0 9 .’ 10. ----- 1911.----Common________ I 8
6 y’ly 6)4 7 y’ly 6 H 6
6 1M, 1)4, 1, 1
In July 1911 th« dividend rate on common was reduced from 6 to 4%.
V. 92. p. 1309; V. 93, p. 730. 1021.
[V O L . L X X X X III.
RAILWAY STOCKS AND BONDS.
When
Payable
A
M
A
M
J
ft
ft
ft
ft
ft
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
O Apr
s Mch
o Apr
N May
J July
Home Tr Co, Hobok, NJ
11925
do
do
191S-1927
1 1919
do
do
do
do
1912-1915
1 1920
Guaranty Trust Co, N Y
6 g M ft N May 1 1961
See text
4 g M ft S Mch 1 1957
1.940,000
J A J Jan 1 1928
5
346.700
J ft J Jan I 1928
5
199.600
6 g A ft o Apr l 1923
442.000
500.000
5 g F ft A Aug 1 1951
25,000.000 See text Q— M Sept 30 ’ l l 2%
3,858,000
3)4 A & O Apr 1 1952
A ft o Oct l 1913
•4
3.627.000
3 M J ft J Jan 1 1951
1,000,000
M A N May l 1933-34
4
11,500.000
M ft N May l 1935
2.000.000
4
J ft .1 July 2 1911 4%
7,399,400
8
A ft O Apr 1 1932
1,000.000
4
F ft A Feb 1 1913
1,000,000
.4
M ft S Mch 1 1915
4
500,000
J ft J July 1 1916
750.000
4
A & o Oct 1917 & 1918
4
414,000
939,000
3 M J ft J 1919 & 1921
250,000
3)4 M ft N May 1 1923
500,000
3)4 M ft S Sept t 1925
M ft N Nov 1 1926
500.000
4
4
J ft J July 1 1927
325.000
A ft O April 1 1929
4
350.000
39,505,390 See text. Q— J Oct 1 1911 l
M & S Sept l 1911 3%
6
3,149,800
F ft A Feb 1 1937
1,919,000
4
F ft A Aug 1 1942
4
2,500,000
6,000,000
4)4 g J ft J Jan 1 1944
3 g J ft J July 1 1950
5.454.000
1,000.000
3)4 M ft N Nov 1 1921
2,000.000
3)4 J ft J Jan 1 1923
500.000
3)4 F ft A Feb 2 1925
10,000,000
4
M ft S Sept 1 1926
11.700.000
4)4 A ft o April 1 1929
Equitable Trust Co, N Y
F I T & S D Co, Phlla
Beg Bloomsburgh.wh ear
U S M A Tr. N Y; ft S F
New York
Office, Term Stat’n, Bost
do
do
do
do
do
do
do
do
do
do
At Office, Boston
Merck Nat Bk, Boston
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
ff. Causeway St.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
At Off, Causeway St, Bos
New York and Boston
EARNINGS.— 2 mos.,/1911.......... Gross. $8,047,979: net, $2,280,731
July 1 to Aug. 31. 11910.......... Gross, 7,953,595; net, 2,620,629
AN N U A L REPORT.— Annual meeting second Wednesday In Oct. Re
port 1910-11 In V. 93, p. 1016.
Earnings—
1910-11.
1909-10.
1908-09.
Passenger.......................................... $10,041,235 $15,003,066 $13,763,096
Freight ...............- .......................... 25,891,481 25,451,237 23,014,439
Mail, express, Ac__________________ 2,882,368
2,902,872
2,750,503
Total operating revenues__________ $44,815,084 $43,357,175 $39,528,698
Net Income (after taxes)____________ $8,506,216 $10,732,984 $10,177,225
Rentals, sinking fund, Ac__________
6,316,056
6,098,452
5,930,265
Interest accrued......... - ............. ..... 1,834,171
1,783,910
1,859,357
Dividends on preferred stock (6 % )__
188,988
188,988
188,988
Dividends on common stock______(5 )4) 1,769,983 (6) 1,679,532 (6) 1,628,373
Balance..................................... def.$1,602,983 sur.$9S2.102 sur.$570,242
OFFICERS.— President, C. S. Mellon; 4th V.-P. and General Auditor,
W. J. Hobbs; Treas,, Herbert E. Fisher. Office, Boston.
Directors.— Chas. S. Mcllen, Samuel Hemingway, New Haven, Conn.:
J. P. Morgan, New York; Lucius Tuttle, Richard Olney, J . M. Prendergast,
Alexander Cochrane, Amory A. Lawrence, Boston; Robt. M. Burnett,
Southboro, Mass.; Walter C. Baylies, Taunton, Mass.; Philip Dexter, Bev
erly, Mass.; Theo. N. Vail, Lyndon, Vt.; A. W. Sulloway, Franklin, N. H.;
William Skinner, Holyoke, Mass.; Fred. C. Dumalne, Concord, Mass.;
Edwin F. Greene, Wayland, Mass.; Fred. E. Richards, Portland, Me.;
Edward P. Ricker, South Portland, Me.; Chas. F. Llnsley, Meriden. Conn.
— (V. 92, p. 1563, 1635, 1700; V. 93, p. 228, 730. 939, 1016, 1021.)
BOSTON & PROVIDENCE R R. — Owns Boston, Mass., to Providence.
R. 1.. 44 miles; branches, 20 miles. Leased 99 years April 1 1888 to Old
Colony RR.; rental 10% yearly on stock. The New York New Haven &
Hartford on June 30 1911 owned $250,100 stock.— (V. 84, p. 1487.)
BOSTON R AI L R O A D HOLDING CO.— Incorporated In Massachusetts
June 18 1909 under special Act with power to hold securities of Boston ft
Maine. The $100,000 original stock is to be held by the Incorporators or
their successors, the N. Y . N. II. ft Hartford owning the remaining $3,006,
500. See law, V. 88, p. 1018.
. u „
Owns $21,918,900 common and $654,300 pref. stock of the Boston ft Me.,
or 51% of stock (incl. $6,334,500 new stock subscribed for In Jan. 1911), for
which has issued $27,054,400 non-voting 4% cum. pref. stock, redeemable
at 110, guaranteed, prin. and divs., by endorsement by the N. Y. N. II. ft
II. RR.. of which N. Y. N. H. & H. on June 30 1911 owned $24,254,400.
V. 93. p. 870. The B. ft M. stock cannot be sold without authority from
the Mass. Legislature. V. 92, p. 117, 185, 259, 460; V. 90, p. 1612.
Pres., Frederic C. Dumalne. Concord, Mass.; V.-P., Walter C. Baylies,
Boston; Sec.. Charles F. Choate, Southboro, Mass.— (V. 93, p. 870.)
BOSTON REV ERE BEACH & LYNN R R .— Owns narrow-gauge road
from Lynn to East Boston, Mass., 9 miles, connecting with Boston by comany’s ferryboats; Wlnthrop Division, East Boston to WInthrop, 5 miles. In
§ept. 1908 $379,100 stock was acquired by Estabrook ft Co. V. 87. p. 676.
Notes payable Juiy 1 1911, $290,000.
DIVIDENDS—
/ ’95. '96. ’97-’05. ’06. '07. '08. ’09. ’ 10. 1911.
Since 1894................ % l 4
3 2 y’ly
4
5
6
6
6
Below
In 1911, Jan., 3%; July, 3% (s--a.); Oct., 1)4% (quar.).
Y r . e n d . J u n e 30— G r o s s .
N e t.
I n t.& ta x e s .
D i v s . p a i d . D a l ., s u r .
1910-11 ........... ..$919,921 $122,502 $69,579 (6%)$51,000
$1,923
67,590 (6%) 51.000
1,358
1909-10.................. 887,889 119,948
— (V. 84, p. 1365; V. 87, p. 676; V. 91, p. 1384; V. 93, p. 939.)
BOSTON T E RM IN A L CO. — Owns Southern Union Depot In Boston
opened In 1899. V. 68, p. 40; V. 69, p. 591. Boston ft Albany, New Eng
land, Boston ft Prov., Old Colony and N. Y. N. II. & Hartford RR. cos.
each owns one-llfth of the $500,000 capital stock and pay as rental In monthly
installments sums sufficient to pay all expenses, charges, Interest on bonds
and 4% on stock. These companies are Jointly liable for any deficiency in
case of foreclosure. In Sept. 1911 applied for permission to issue $500,000
3 )4% bonds for Improvements, Increasing amount outstanding to $14,500,
000. V. 93, p. 570. Reg. Int. payable Q-F.; coup. FAX.— (V . 93, p.870).
BRAZIL RY.— V. 90. p. 396.
BRINSON R Y . — Owns Savannah, Ga., to Waynesboro, 98 miles (Includ
ing extension from Mill Haven to Waynesboro, 26 miles; opened July 5 1911:
under construction 16 miles to a connection with the Augusta Southern,
whence trackage arranged over line of latter company, 10 m., to Augusta,Ga
STOCK.— Common, $1,000,000, all outstanding; pref., 7% cumulative,
$500,000; outstanding, $275,000: par, $100. Of the bonds ($1,000,000
auth. Issue), the remaining $135,000 are issuable at not over 85% of the cost
of extensions and Improvements, but only when the net earnings after taxes,
repairs, Ac., for 6 consecutive months within the last 8 months shall have
been twice the Int. charge for a half-year, Incl. the bonds applied for. V. 91.
p. 335. For 12 mos. ending June 30 1911, gross, $180,165; net, $80,723.
Pres., Geo. M. Brinson. Office, Springfield, Ga.— (V. 86, p. 720, 1158;
V. 88, p. 944; V. 90, p. 1554, 1674; V. 91, p. 335.)
BRO CK VIL LE
WESTPORT
&
NORTHWESTERN.— See
Northern Ontario Ry.— (V. 93, p. 162.)
Canadian
BRUCE AlINES & ALGOMA R Y . — V. 93. p. 43.
BUFFALO CREEK RR.— Owns 0 miles of terminal road In Buffalo, N .Y .
In Dec. 1889 leased for term of charter less one day to the Lehigh Valley and
the Erie RR., which together own entire capital stock of $250,000. Rental
Is Interest on bonds and 7% on stock. In I'cb. 1911 authority was granted
to make a 1st ref. mtge. to.secure an authorized Issue of $5,000,000 bonds.
Of the new bonds, $1,000,000 are issuable to retire the old 5s, $181,000 to
discharge iloatlng debt and $1,021,000 to buy 5 locomotives and for sundry
Improvements. None sold to Sept. 1911.
V. 92, p. 259, 593; V. 93,
p. 43.— (V. 92. p. 259, 593; V. 93. p. 43.)
O ct ., 1911.]
R A IL W A Y
RAILROAD COMPANIES
(For abbreviations, Ac., see notes on first page]
STOCKS AN D
M ties Date
Road Bonds
Par
Value
BONDS
19
Amount
Outstanding
Rate
When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
Bost & Ale (Con)— Portsrn Gt Falls & Con 1st M assum
73 1877 5500 &c 51.000.000
41*
A D June 1 1937
Worcester ds Nashua first]
New York and Boston
(47 1905
1,000
150.000
4
g
&
J
Jan
1
1935
Amer Trust Co, Boston
mortgage of 1870 se- >($511,000 due In 1913)
47 1890-3
1,000 1.246.000
4
& J Jan 1913 & 1930
cures all equally______J
do
do
147 1804
1,000
380.000
4
& O Oct 1 1934
One year notes___________________________
do
do
1911 5.000 Ac
5.000.
000
4
&
D
June 15 1912
Boston & Providence—Stock 10 % guar 09 Vrs Old Col
do
do
100
'08
4.000.
000
10
Q—J Oct 2 1911 2M Boston Term, Room 424
c*
Bonds, not mortgage....... _.......... ........ '
1,000 2.170.000
’S~8~-'93
4
J & J July 1 1918
do
do
Boston RR Holding Co— Pref sti: 4% cum r c d 'ffo * "gu
100 See text
4
J A J10 JulylO 1911 2
Boston Revere Beach & Lynn—Stock _
100
850.000 See text J & J Oct 2 ’l l 1H
1st M (V 65. P 6 8 : V 83. p 379) 51.000.000 g'_SBc*'&i 13.20 1897
Office, or checks mailed
1.000
850.000
4 g J & J July 15 1927
Boston lerminalCo— First mortgage curr.
o il cAr
State St Trust Co, Boston
1.000 Ac See text
1807
3H
Feb 1 1947
Text
Brinson Ry— 1st M, $1,000,000 gold..................Ipc*
State
National Bk, Bost,
1,000
1010
865.000
5 g M A N May 1 1935
New York
Brockville Westport & Northwestern— First mtge g K
1903
1,000
450.000
4g
& D Dec 1 1923
Brunswick & Western—See Atlantic Coast Line 13R
Knickerbocker Tr Co.NY
Buffalo Cr— Con (now 1st) M $1,000,000 g Int as rente*
1,000 1.000. 000
1891
5g
Jan 1 1941
1st ref M 55.000,000 gold red 105 beg July’ 12 Usnt
U S Mort Sc Tr Co, N Y
1,000 See text
1910
4g
July 1 I960
New York
Buffalo New York & Erie—See Erie Railroad
Buffalo Rochester & Pittsburgh— Common stock Tr
100 10.500.000 5 In 1911
&
Aug 15 1911 2$4 36 Wall St. New York
Pref stock non-cum common 6 % then pro rata Tr
100 6,000.000 6 In 1911
*
Aug 15 1911 3%
do
R & P 1st M gold Rochester to Salamanca.. Unc
do
109 1881
1,000 1.300.000
6 g
A
Feb
1 1921
Rochester & Pittsburgh con M g __
lin e
do
do
1,000 3.920.000
230 1882
6 g
&
Deo l 1922
do
B R & P first gen mtge (510.000,000) gold lllU n io
do
1,000 4.427.000
272 18S7
5
g
&
Sept 1 1937
Line P & Chari 1st M gold guar..
lin e
do
do
1,000
10 1889
350.000
5g
&
Jan 1 1939
do
B R Sc P consol mtge 533,000,000 gold_'_'c"e'.x.c*'&r
do
352 1907 1.000 &c 6.189.000
4H g
A
May 1 1957
do
Equipment bonds 5500,000 gold s f Scr A . . . a c*
do
1,000
1899
500.000
A
4H
g
May
1
1919
do do
B & C (5905,000 Ser B) each gold s f O
do
do
1,000
1900-1
1.995.000
A
s
May
1
1920-21
do do
D 52,000,000 gold red 105 sink fund
do
do
1,000 1.188.000
1902
S
c
4M
g
Nov 1 1919
do
do do
E 52,000,000 gold red 105 sink fund'
do
1.000 1*503,000
1904
4H g
Sc
May 1 1922
do do
F $3,000,000 gold red sinking fund
do
do
1907
1,000 2.455.000
4H g
S
c
Apr
1 1927
do
do
1,000
1909
* ffT x.
G, 53 ■0V
) Kold 8tnklng fund. . (l
710.000
Sc
Oct 1 1929
Buffalo & Susquehanna RR—Common stock guar 4%
do
do
50 4,656,900
4S
Sc
Jan 1 1910 2% July ’ 10 pay’t In default
Preferred stock non-cum guaranteed 4'g,
rr
50 4.000.
000
4
1
—
M
Alch
1 1910 1% June’ 10
First i\l gold sinking fund redeem at par*" 'Ba o'* Ar
do
do
500 Ac
102 1893
61.500
5g
& O Oct 1913
Harvey Fisk & Sons, N Y
250 1901 1.000 &c 9.510.000
„ ?irI t Jefunilln‘? S ortFage ffold fsee text):.M p!o*& r
4g
Apr 1 1951
■Buff & Susq Ry— Rccelv certs $750,000 auth red nar
July 1910 coup not paid
1910
500.000
5
July
1 1912
First mortgage 56.000,000 gold.. . T . .Us.c*&'r
Wm Salomon Sc Co, N Y
1903 1jjoo'&c 6.000.
0004 M g
Apr 1 1953
Equipment trust bonds 544.000 due seml-an Usm.c
May 1910 coup not paid
1006
1.000
431.000
ifan 12-July ’ 16 Harris,Forbes Sc Co. N Y
1907
1,000
Hn
h2
oCr £ ,(Y Si’ ’ p 39) 527,000 s-a. U«m
297.000
Apr
’ 12-Apr ’ 17
do
do
Ser C (V 85. p 283) 545,000 s-a.PeP
do
do
1907
1.000
540.000
Feb ’ 12-Aug’ 17 Knickerbocker Tr Co.NY
do
do
Scr D 515,000 semi-annually______
1907
1.000
180.000
Feb 12-Aug’ 17 Penn Co for Insur, Ac.
BUFFALO ROCHESTER & PITTSBURGH RA I LVVAY.— (See Map.) —
Operates from Buffalo and Roch.. N. Y., to bituminous coal regions.
Lines owned in fee—
Miles.
~
'
- - - - - —
Trackage
(Concluded)
Miles.
Buffalo Creek, N. Y., to Alt.
Willow Grove to Pittsburgh, Pa. 7
Jewett, P a . . ............................ioo Penn. R R .— Penn. RR. Jet. to
Clarion Jet. to Lindsey, Pa
59
Shuman Run Y, Pa...................19
Rochester to Ashford, N. Y ....... 94 Other__________________
5
Charlotte, N. Y .,to Lincoln Park 10
teased—Stock not owned—
Indiana Branch......................
63 Allegheny & Western—a
Six branches____________________ 27
Punxsutawney to Butler, Pa.,
Tf(lCJC(l(J6—.
„ Ac............................................. 66
Erie— Mt. Jewett to Clarion Jet. 21 Clearfield Sc Mahoning— a
Baltimore & Ohio—
Clearfield to Beech Creek R R . . 26
Butler, Pa., to Newcastle____ 41 Mahoning Valley R R .........
2
RIbold Jet. to Allegheny City.. 33
Total Sept. 30 1911 (a See separate statement for this company)....... 573
ORGAPHZATrON, ETC.— Successor In March 1887 to the Rochester Sc
Pittsburgh, which was foreclosed In Oct. 1885, per plan In V. 41 p 510
The entire capital stock ($4,000,000) of the Rochester Sc Pittsburgh Coal
fooe°n CP' iwas owncd (Y ’ ?6i 1>- l088) and through that company In May
1890 control was acquired of the Jefferson Sc Clearfield Coal Sc Iron Co. (see
that co. under “ Industrials” ) with $3,000,000 stock. In 1906 the stock of
o r / S "?
4 H, . _ winUm Salomon. Chalrmati- Geo’ G Henrv
has-been deferred.’ V ^ o !™
9^
! m 5 . Reorganliation Pi™
S T O C K .— Authorized. $10,000,000; Issued. $10,000,000: par, $100
ou^?a^dll^Jrees^cured^byCarftrstlII«i^on th^term hfal^p^pei^
and the
86
mll^o't^allroad 0! ^
SYork*State;C alsoTy deposit'wlthYhe
v ! n ? v 1040^ s ^ v ^ Y o . O p ^ r V ^ p ^ L ^ 011" ’ & Susq- R R ’ Coon def $8 184 .
EARNINGS.— 2 mos.,11911------- Gross, $112,742’
July 1 to Aug. 31. ]1910- — ..Gross,
109,901;
net, 9 917
Receiver s report for year ending June 30 1911 (Including RR. from Julv 1
to July 23) In V. 93, p. 524, showed: (1) Gross earnings, $682 131- 00 def
after taxes, $89,762; other Income. $371,608; rents, $30,947- l’nt onPrbcelver’s certs.. $29,118: bal„ sur., $221,781; (2) combined gross, both cos $2 374,320. against $2,212,437 in 1909-10; net Income, $472,388, against$" 9 o ’982; rents, $53,466; int. receiver’s certs., $42,461; bal., sur., $376,461. ’
„,iY ^ POiR T ’T For yrar cnd,n£ June 30
In V. 8 8 . p. 448 (355 average
miles), showed gross revenue, $2,024,888; net over taxes, $167,370’ other
Income. $443,329; Interest, rentals, Ac., $1,205,625; bal., def., $594,926.
o f f l i n e ? 5?,:—
...........- .......... : Sec- and Trcas., F. A . Lehr:
Office. 962 Llllcott Square, Buffalo, N. Y .— (V. 93. p. 104, 524.)
PaRUtnF UMi ^nSU£rGV £H ANNA RR-— Company owns from Sagamore.
rraekavnVVe-pJY ,e’
Y ’ ’o i!{th several branch lines, Including 15 miles
1 mileage, 270.
In 1907 leased to Buff. Sc Susq. Railway
tbc entlre common stock) for Int. on bonds and dlvs. of 4% on
uYvt'i'mn ,.Y’J )Ut re,ntal,ls tn default. On July 23 1910 H. I. Miller, who In
il ’Z as aPP°lntcd receiver of the railway, was also named as receiver
i nUnnYmiYYtiYY company. The two properties have since been operated
V 9 0 p 1238 bUt n harmony by the same general staff. V. 85, p. 1266:
distributed Dee. 1906 pro rata In proportion 7}f’25%' among the holders of
Ry common and pref. stocks. V. 83. p. 1468: V. 85. p. 414, 415; report
V. 93, p. 729. For bonds of these coal companies sec mlscel. cos. Clearfield & Mahonln g securities arc guaranteed.
D IVIDENDS.—
f ’01. ’02. '03. ’04-’06. ’07. '08. ’09. ’ 10. 1911.
Common___________ %\ 4
. 4
4 514 6 y’ly 5H 4)4
4
The Alahoning Investment Co. In Aug.” l907 amVMc'h? 1908 also paid 2%
dlv. on Its stock; Aug. 1908, 2%: none since to Sept. 1911. V. 8 8 , p. 685.
Compare “ Organization” above. V. 85. p. 283.
General 5s for $5,573,000 are reserved for prior bonds, Ac.
, The 335,000,090 50-year consols arc to bear not over 4 14% Int., $3,000,
000 were Issuable at once, $18,145,000 to retire underlying obligations at
or before maturity and the remaining $13,855,000 to be reserved for future
lequirements at not over $1,500,000 yearly, or such larger amount in any n r ^ n f ' ^ ^ L 53 Yf I 913, are ?ubl£ct t0 cal1 at par R>r sinking fund In
year as stockholders may authorize. V. 84, p. 867, 1306; V. 85, p. 39, 414; or™ °J nV ? bers- beginning with highest. V. 65. p. 234.
V. 8 6 , p. 330; V. 87, p. 1009; V. 90, p. 371, 558: V. 91, p. 400, 588.
ortY
arf seccredby a first refunding mtge. on the entire propEquipment Bonds.— A sinking fund of 5% will retire scries A. B A C qeenre?iUh^CL£!Y?; to ,561.500 first 5s above mentioned, and are further
equipment bonds annually on May l. If purchasable at or below par; other n YYnl,! by deP„°,3i t3 ot mortgages aggregating $2,874,023 on coal lands of
wise to be applied to the purchase of additional equipment. V. 6 8 , p. 1131: «oo-C w S
named below: outstanding, $9,510,000. V. 73, p. 619,
J ’ 7} ’ P-mll: V. 73. p. 348. Series D and E have an annual sinking fund of
'12’ , Coupons due July 1910 and since unpaid.
b ,0 for purchase of bonds Sept. 1 and May 1, respcctlvelv, at 105 and Int.; if
Refunding 4s.— Alvin W. Krech. Chairman; Lyman
not purchasable, bonds may be drawn by lot. Scries D AE may also be called Rhoades, lo Nassau St., Sec.: Equitable Trust Co., Sec., depositaries.
as an entirety at 105. Series F may be purchased by sinking fund at not
148T
V1
9
91,
p.
37-°
V
°92thp b117S had bCCn dc9°slted- V. 903 p. 1238,
over par or drawn by lot at par and may also be drawn at 102 and Int. on
any Int. day V . 84, p. 1365: V. 85. p. 283, 414, 863. Series G have an an „ ^ f^ S to c k Committee.—J. N. Wallace, Chairman; Hugh Rankin, Sec., 46
nual 6 % sinking fund, but cannot be called. V. 89, p. 468: V. 91, p. 400. Cedar St.: Central Tr. Co., N. Y., depos. V. 90, p. 1361; V. 91. p. 214.
In Oct. 1911 arranged to purchase 1,500 coal cars and 10 locomotives
BUFFALO & SUSQUEHANNA COAL Sc COKE CO.— This company,
equipment bonds to be Issued later. V. 93, p. 939.
tlm stock and first mortgage bonds of which are owned by the B. Sc S.R R
EARNINGS.— 2 months to Aug. 31:
and the bonds, as stated above, deposited as collateral to the railroad 4 s
2 M os.—
Gross.
Net.
Other Inc. Charges. Bal.,Sur. owns coal lands at DuBoIs, Troutvllle, Onondaga and Sagamore, Pa
Six
1911 ..................... 31,689,011 $557,292
$99,207
V. 77. p. 1301; V. 79, p. 2091-92; V. 82. p. 1322;
$346,150 $310,349 mines In operation
1910 ..................... 1,647,679
624.679 154,777
354,331
424,125 V. 85, p. 1266. The 2d AI. bonds, amounting to $2,200,000 and $200,000.
AN N U A L REPO RT.— Fiscal year ends June 30. The annual meeting arc outstanding In the hands of the publlo.
Is held at New York on the third Monday In November. The report for « i % rA°o!T0s’ ending Apr. 30 1911 (V. 92, p. 1635), gross. Coal Sc CokeCo..
.it
*1.095,588: net, after taxes, $228,336, agst. $17,093;
lORl-ll was given at length In V. 93, p. 343, 351. In 1910-11 carried
6,9i<0,767 tons of bituminous coal (out of 10,282,251 total tons of freight other Inc., $32,943; Int., sink, fund and deprec., $236,470; bal., sur.,$24,809.
moved), against 6,526,087 in 1909-10.
POW H ATAN COAL Sc COKE CO.— This company, all of whose bonds
and stock are owned by the B. Sc S. RR., owns coal lands at Tyler and at
Year ending .June .30—
1910-11.
1909-10.
1908-09.
Operating revenue--------------$9,134,402 $8,936,117 $7,171,89
ciYi^s.U„
£ 0 li.ln,e Plants- with capacity of 800 tons of coke dally, are
shipping to Buffalo for use of Rogers-Brown Iron Co.
Operating expenses and taxes........ 0,359,845 6,094.355
4,798,80
2 o7os” (121i.............. --Gross. $302,374: net. $70,119
Operating Income...............
$2,774,557 $2,841,762 $2,373,092
July 1 to Aug. 31.
11910.................. Gross, 282,441: net, 61,497
Net (Including other income)________ $3,615,075 $3,394,143 $2,809,905
r
K
q
.A
R
^YN
*£S•
7_For
^ eks end*ns June 30 1911, gross, RR., $1,702.
Rentals............................................
674,186
677,081
641,067 658, net, after taxes, $325,982:
other Inc., $16,507; hire of equipment and
Interest on bonds. Scc.............
1,231,612
1,189.689
1.126,415 v oo *
?n receiver’s ctfs., $13,343; bal., sur., $154,600.
10,069
Miscellaneous.... .........
12,696
12.484 V. 92, p. lo58, 1635.— (V. 92, p. 117, 590, 1558, 1635; V. 9.3. p. 228, 524.)
New equipment_____________
125,000
125.000
Equipment bonds retired_______ ■_
246,500
“ BUR LI N GT O N. " — See CHICAGO BURLINGTON Sc QUINCY R R .
190.000
Dividend on preferred stock (6 % ) . . .
360.000
360.000
360,000
B U R R ’ S F E RR Y BROVVNDEL & CHESTER R Y — See page 175.
Dividend on common stock________ (4 >4)472,500 (4)420.000 (4)420,000
CAIRO & NORFOLK RR.— See page 175.
RR-— Owns Cairo, 111., to the bridge across the
Allsslsslppl River at Thebes. 111., 25 miles. Leased to St. Louis Iron Mtn
J' p- D,nkw’
“ 3
Directors— Henry G. Barbey, A. IscIIn Jr.. Wm. E. Iselln Walter O
Oakman, C. O’ D. IscIIn. W. T\ Noonan, George Emlen Rooscv’c lL W. Eml
len Roosevelt, Ernest Iselln, Oscar Grlsch, Samuel Woolverton and H-irr-r
Yates. N. Y. office. 36 Wall Street.— (V. 93. p. 343. 301, 939.)
T
BUFFALO & SUSQUEHANNA RY.— Company owns from Wcllsvllle
N. Y ., to Buffalo, 86 miles, and In 1907 leased and acquired toe entire
•common stock of the Buffalo & Susquehanna RR., extending from Wcllsvllle, N. Y.. to Sagamore, Pa., about 60 miles north of Pittsburgh with
branches, 265 miles. Total mileage owned and leased, 356 The lease Is
no longer operative, both properties being In receivers' hands.
The plants of the Buff. Sc Susq. Coal Sc Coke Co. and of the Powhatan
Coal A Coke Co. (V . 75. p. 922: V. 79. 0 . 2061. 2091-92) are located on the
Incs of the B. Sc S. RR. The Buff. Sc Susq. Iron Co., merged In RogersBrown Iron Co. April 1 1910, which owned 2 blast furnaces at Buffalo,
acquired Its entire supply of coal and coke from the plants of the Powhatan
Coal Sc Coke Co. See V. 75, p. 922: V. 79, p. 2061, 2092.
Receivership .— On May 2 1910 Harry I. Miller was appointed receiver,
ntcrest on first 4 Hs being In default. Foreclosure pending. V. 90, p.1238.
Sm ith, fe0,? ,T f f i :- ( yv .
i W J m : B" - ,1 0 ° '
Pr"
’ E' A
r C A L G A R Y & ,E D M O N T O N R Y -O w n s Calgary. Canada, to Edmonton.
Canada, 191 miles, and to Fort McLeod, Canada, 104 miles
.„Y n*'«9
7 lU n n n it? I? S^?a^larl, IYa,cln?.^VThlch owns cntlre * l ’.0 0 0 ,0 0 0 stock
and
$3,700,000
1st AI. 4% bonds) for 99 years, the 6 % bonds (£1,121.700)
being exchanged for an equal amount of debenture stock, on which Interest
Is guaranteed at 4 0. At end of lease the bonds will be paid at par or a fur
ther lease entered into. V. 76, p. 434; V. 77, p. 1224; V. 80, p. 116.
- CALIFORNIA-WESTERN RR. & NAVIGATION CO.— Owns Ft. Bragg.
Cal., to Shake City, 38.66m. Extension Shake City to Wllllts, 12 m „ under
construction In April 191R Stock auth., $1,000,000; par, $100. Divi
dends paid year 1.)09-10, 6 _o; lJ)08-09, 2 J4% . Alortgage covers also termi
nals and railroad wharf. Bonds are guar., p. Sc L, by Union Lumber Co..
??dn«ndeem,abLc % p.ar °,^,any Int- daY since July 1 1910. Sinking fund
$5,000 yearly beginning 1911. V. 90. p. 625. Year ending June 30 1910,
RR., gross, $155,573; net, $29,832; other lnc., $47,284; bond Int., $5,630;
other chgcs., $5,393; dlvs., $60,000; bal., $6,093.— (V. 90. p. 625.1
i>0
R A IL W A Y
RAILROAD COMPANIES
[Far abbreviations, A c., see notes on first page]
STO CK S
Miles Date
Road Bonds
Par
Value
AND
Amount
Outstanding
BO ND S.
Rate
%
When
Payable
VOL. L X X X X IIl.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
ock Isl and A Pacific R y.
Burlington & Missouri Valley—See Chicago Burllngt* u & Q ulnoy.
Burr’ s Ferry Browndcl & Chester— First M gold__xc
__ 1907
$1,000 NoneScp’ l 1
6 g A & O Apr 1 1937
Commonwealth TrCo.StL
Cairo & Norfolk RR— 1st M red 105 s f _...................
__ 1908
£ &c
$1,500,000
M A N May 1 1928
5
Chic, London, Paris, Ac
Cairo & Thebes RR— First mortgage _
23 1911
1,000
1.618.000
4
M & S Mch 1 1961
See
text
California Pacific—See Southern Pacific HR.
Cal VV RR & N —1st M $600,000 gold guar s f (text) .0
39 1910
1,000
600,000
6 g J & ,TJan 1 1915
Anglo-Cal Tr Co, San Fr
Cambria & Clearfield— 1st M ($2,000,000) g___ QP.c
103 1891
1,000
1,279,000
5 g J & J Jan 1 1941
Broad St Station, Phlla
Bell’s Gap consol M sink fund not drawn__ CiuP.c
30 1883
500 Ac
145,000
6
A & O Apr 2 1913
do
do
Clearfield & Jefferson first mortgage_______ (iuP.c
40 1886
500 &c
1,000,000
6
J & J Jan l 1927
do
do
Pennsylvania & N W gen M $2,500,000___ GuP.c
70 1890
1,000
1,021,000
J & J Jan l 1930
5
do
do
Cambria & Clearfield general mortgage gold_______
392 1905
1,000 1,255,000
F & A Feb 1 1955
4g
do
do
Camden & Burlington County— Stock 6% guaranteed
30 ___
25
381,925
6
.1 A J July, 1911 3%
do
do
First M g gu p & 1by Un N J R R 4 Can Co__GP.c*
30 1897
1,000
350,000
4 g • F A A Feb 1 1927
do
do
Canada Atlantic— Consol (now 1st) mtge g gu p & 1..
396 1905 £100,£2-0 16.000,092
4 g J A J Jan J 1955
Mont, N Y & London
Pemb South 1st M guar (V 82, p 451, 1101)...........
—
1900
150,000
$500
4
M A S Sept 1 1956
Royal Tr Co, Montreal
Central Counties 1st M Int rental (V 90, p 1169)___
•j / 1909
£100
£97,500
4
M A S 14 1949
Bank of Montreal, Lornl
Canada Southern— Stock___________________________
457 —
5100 515,000,000 Sec text F A A Aug 1 1911 1H Grand Cent Station, N Y
First mtge extended In 1908 (Canadian money)____
404 1878
1,000 14,000.000
6 g J A J Jan 1 1913
Union
Trust Co, N Y
Second mtge for $6,000,000 (Can money)_____c&r
404 1883 1,000 &c 6,000,000
M A S Mch 1 1913
5
do
do
Leamington & St Clair 1st M g gu p & 1 (end)__ c r
16 1895
130,000
1,000
4 g A A O Oct 1 1945
Agts
Bk
of Montreal, N Y
Canadian Nor— L Man Ry A Can Co $8,000 p ml Guar
125 1896
£100
F A A Aug l 1926
4
Canadian Northern Division $8,000 per mile anteed
177 1899
£100 • Sec
F A A Feb 1 1929
4
Manitoba & 3 IS (assumed $8,000 per mile).
by
108 1899
£100
text.
4
F A A Feb 1 1929
Can Bk of Com,NY;&Lon
Gilbert Plains Branch $8,000 per mile____ Manl27 1900
£100
4
M
A N Nov 1 1930
Ontario DIv 1st M deb £36,200 are 4 }£s___ to ha
287 1901
£100 £1,180,600 4 & 4 H g J A D30 June 30 1930
London and Toronto
• 1st con deb M(Man lines) $10,000 p m c&r._J Govt.
—
1904
£100 £2,497,S00
4
J & D30 June 30 1930
London, Toronto & N Y
• Manitoba Provincial bonds $8,000 per mile....... .....
—
___
’ $500
5349.000
4
Can Bank of Comm, Tor
Oct 1 1930
■ Perpetual consol debenture stock (V 81, p 1609)..
—
___
J A D.30 Irredeemable
£100 £7.492,750
4
London, England
• First M deb stk $13,000 p m guar by Canadian Gov1
—
1903 ________ £1,923,287
3
M 31-S30 July 10 1953
do
• 1st M stock $13,000 p m guar by Dom of Canada..
—
190S
1,622,586
J 20-J 20 July 20 1958
London and Toronto
3A
• First mtge debcn stock guaranteed by Saskatchewan
__ 1909
£1.250,000
J A I) 1939
4
London
•
do
do
guaranteed by Alberta_____
__ 1909
J A D 1939
£747,945
4
do
do
do
guaranteed by Manitoba__
191 t
£687,671
4
• Winnipeg Terminals mtge gold guar by Manitoba.c*
__ 1909
$ & £ $3,000,000
4 g J A J July l 1939
London,
Toronto & N Y
• Convertible Income-charge deb stock redeem text..
__ ___
.
__ £3,086,419 Up to 5 M A IS 2 May 6 1930
paid Nov 2 1911
• Qu’Ap Long Lake & Sask 1st M £1,050,000 guar..
249 1906
£1,037,972
4 g J A J July 1 1936
Quebec A Lake St John deb stock guar__________ 28o >5 1911
See text
J A J Perpetual
4
Can Nor Alberta Ry 1st M deb stk guar by Can Govt
y
r 9n_.T 9n
n47f2fi0
1st land grant M red 110 (money depos to redeem)
__ 1899
£100 $2,000,000
F A A Feb 1 1919
4g
• ___ do___ do ____ £1,027,400 red 105 to July ’ 17
4
J A J July 1 1938
England
--- 1907 £100 Ac $4,771,279
(THE) CAM BRI A & C LE A R FI E LD R Y — Cresson Jet. to near Glen
A LLIE D COMPANIES.— The allied Canadian Northern Ontario and the
Campbell Branch Jet., 50 m.; Bellwood to Fordham, 65 m.- Cresson to Canadian Northern Quebec railways will afTord access to Toronto, Ottawa,
Irvona, 27 m.; Kaylor to Black Lick, 37 m.; Vail to Gramplon 49 m • Montreal, Quebec, &c.,and the Canadian Northern Pac. to the Pacific Coast.
Bradley Jet. to Cherry Tree, 18 m.; branches, 153 m.; total, 399 m A
The holders of the Quebec A Lake St. John Ry. prior lien 1st M. and In
consolidation Aug. 1 1903. V. 78, p. 828. Stock, $4,833,850, all of which come bonds (£500.001), £442,400 and £640,400 respectively), on Mch. 17
Is owned by Penn. RR. Co., which operates road under lease. A full ab 1911 approved the agreement to exchange the same for new 4%
stract of mtge. securing 5s of 1891 was in V. 52, p. 976. Of the bonds
debenture stock, carrying Interest from January 1 1911 and guaranteed,
$501,000 llrst 5s were on Jan. 1 1911 owned by the Penn. R R . For year p. A I., by Canadian Northern Ry. Road extends from Quebec to Itobervai
ending Dec. 31 1910, gross, $3,007,149; net, $313,850; other Income. $30. on Lake St. John. 190 m., with branches Chambord to Chlcoutini, 51 m a n d
172: Int., taxes, &c., $361,011; bat., def.. $17,349.— (V. 77, p. 298.)
from La Tuque Jet. to La Tuque, 40 m.; Gosford branch, 5H m.: total,
2S6 Yx m. Present issue, about $6,600,000. V. 90, p. 54, 111, 237, 448,
CAMDEN & BURLINGTON COUNTY R R .— Owns from Pavonia, N. J..
to Pemberton, N. J., 23.35 miles: branch, Burlington, N. J., to Mount 668, 1045; V. 91. p. 337, 519, 791; V. 92, p. 1031.
In 1910 the Duluth Winnipeg & Pacific Ry. was organized by Can. Nor.
Holly, 7.12 m.; connection with P. & L. B. RR. at Birmingham, N. J.,
0.39 m.; total, 29.SO m. Operated under lease by Penn. RR., which guar Interests to control the Duluth Rainy Lake A Winnipeg and to construct
antees 6% on stock. Stock, $381,925; par, $25. In 1910, gross, $372,122; an extension from Virginia, Minn., to Duluth, about 75 m., Ac. V. 87,
p. 1004: V. 88, p. 563, 821; V. 91. p. 1322. The Canadian Northern
oper. def., $36,246; loss to lessee under rental. $73,661.— (V. 64, p. 373.)
C ANA DA ATLANTIC R Y . — Owns Depot Harbor, Ont., on Georgian will guarantee, prln. and int., the $10,500,000 1st M. 4s, of which $6,123,333
has
been Issued. See said company. V. 89, p. 1279: V. 90, p. 1424.
Bay, via Ottawa, to Alburg Jet., 399.57 m.; trackage to Svvanton, Vt.,
The Qu’Appclle Long Lake A Saskatchewan RR. A S. B. Co. 4% deben
•See., 6.66 m.; leases for 99 years Central Gountles Ry., Glen Robertson to
Hawkesbury, 22.24 m., and South Indian to Rockland, 16.25 m.; owns ture stock has prln. and Int. guaranteed by the Canadian Northern Ry. Co.
property Is leased. V. 83, p. 214, 324, 688, 1030.
greater part of stock of Pembroke Southern Ry. branch from Pembroke to The
In 1911 organized the Canadian Northern Branch Lines Co., to build
Golden Lake, 21.36 m. (V. 82. p. 451, 1101); total, 466.08 m. The Grand branch
lines. See V. 91, p. 1511; V. 92. p. 321.
Trunk acquired the road and took It over Oct. 1 1905. V. 81, p. 1174.
C A PITAL STOCK.—Stock auth., $65,000,000; outstanding June 30
Canada Atlantic Transit Co., $1,000,000 stock, operates steamers. Depot 1910.
$55,000,000: par, $100. None yet put on the market.
Harbor to Duluth, Milwaukee and Chicago. V. 69, p. 954; V. 70, p. 279.
DEBENTURE STOCK.— The £2,497,S00 4% first mtge. consolidated
The 50-year 4s of 1905 (authorized Issue, $16,000,000: Royal Trust Co.,
Montreal, trustee) are guaranteed, prln. and Int., by the Grand Trunk. debenture bonds, prln. and Int. guaranteed by Govt, of Manitoba, dated
Montreal, trustee) are guar., prln . A Int., by Grand Trunk. V. 79. p. 967. June 30 1904, are secured by first mtge. to National Trust Co., Ltd., To
ronto, Ontario (not exceeding $10,000 per mile), covering certain lines in
1131, 1641. 2454: V. 80. p. 1058, 1727, 2343; V. 87. p. 1477.
the Province of Manitoba amounting to about 1,185 mlle3, a proportion of
STOCK.— $6,199,100 common and $1,000,000 preferred, all issued.
the amount of this Issue beingdield In trust by the National Trust Co., Ltd.,
REPORT.— In 1910-11, gross, $1,962,765; net, $172,506; other Income, for the exchange of the following Issues yet outstanding: (a)£105,300 Mani
$55,961; interest on bonds, $626,744; bal., def., $398,276.— V. 90, p. 1169. toba & Southeastern 4% llrst lien on 108 miles, assumed; (6) £233,700 Cana
dian Northern Ry., SIfton branch, 4% bonds secured on 197 miles SIfton
CANADA M ICHIGAN & CHICAGO.— Bonds worthless.— (V. 63, p. 838.) Junction
to Erwood, guaranteed, prln. and Int., by Manitoba Government;
CANADA SOUTHERN R Y — (See Maps N . Y. Cent. A Hud. Riv. RR.)— (c) £10.000 Lake Manitoba Ry. & Canal Co. 4% bonds first Hen on 125 miles
ROAD.— Main line from Suspension Bridge station, Including the Cantilever Gladstone to Wlnnlpegosis, guar, as to priti. and Int. by the Manitoba Govt.;
Bridge, to Windsor, Ont., 226 m.; branches to Courtrlght, Ont., Ac., 231 m.; (d) £1,700 Gilbert Plains 4% bonds, a lien on 27 miles Dauphin to Grand
total, 457 m.; of which 85 miles are nominally owned by proprietary com View, guaranteed by Manitoba Gov’t. V. 80, p. 116: V. 78. p. 1274; V. 79.
panies. Trackage, St. Thomas to London, Ont., 15 m. Double track, 152 m. p. 2794; V. 81. p. 1607: V. 82, p. 568.
Detroit River Tunnel, completed In 1910, see Michigan Central RR.
In 1903-10 £7,492,750 4% perpetual consolidated debenture stock was
O RGANIZATION, ETC.— The company was chartered In Canada Issued upon mileage, and to purchase securities of various controlled prop
Feb. 28 1868 and debt readjusted In 1878. In 1903 made a new lease to erties deposited with the National Trust Co. V. 76, p. 1247: V. 77, p. 87:
Mich. Cent.’ for 999 years, the latter, which owns $7,810,000 stock, guaran V. 80, p. 996: V. 81, P. 1609: V. 80. p. 1099; V. 87, p. 36; V. 89, p. 1279;
teeing dlvs. thereon at 2M% yearly to Jan. 1 1910, thereafter 3%; also au V. 90, p. 770. 1424. 1489; V. 93, p. 406.
The £1,923,2S7 3% 1st M. debenture stock, guaranteed by Dominion
thorizing a mtge. to retire existing bonds and pay for Improvements. V. 76,
n. 1191, 1247; V. 77, p. 950: V. 84, p. 803. The $14,000,000 1st 5s maturing Government, dated July 29 1903 (trustees, British Empire Trust Co., Ltd.,
Jan. 1 1908 were extended 5 years; 6% Int. payable In gold by the Mich. London, England, and National Trust Co., Ltd., Toronto) Is a 1st charge
on line from Grand View to Edmonton, 620 miles, at $13,000 per mile,
Cent. RR. V. 85, p. 1401, 1645; V. 86. p. 1041.— (V. 86, p. 1041.)
such first charge to be, however, limited to $10,000 per mile In respect of the
C ANA DIA N NORTHERN R Y . — (See M ap.)— Operates from Port Ar line from Grand View to the western boundary of Manitoba. Additionally
thur, Ont., on Lake Superior, to Winnipeg, and under construction through secured by first lien on the extension of the Prince Albert branch to Prince
Northwestern Canada to Pacific Coast. Present mileage:
from a point 100 miles east; by second lien on the portion of the
Port Arthur to Winnipeg______ 439 Saskatoon to KIndcrsley______ 127 Albert
Prince Albert branch running from Erwood to a point 100 miles from Prince
Winnipeg to Kamsack________ 279 Neepawa Jet. to McCreary Jet.
70
and by charge on other lines then constructed— an aggregate of
Stanley Jet. to Gunlllnt_______
67 Kamsack to Edmonton_______ 548 Albert,
miles. V. 80, p. 1234; V. 76, p. 1299.
Emerson Jet. to So. Jet_______
73 SIfton Jet. to Wlnnepegosis___
21 918
In May 1910 the Canadian Govt, agreed to guarantee Canadian Northern
Carman Jet. t Belmont______ 119 Thunderhlll Jet. to end of Steel.
41 Alberta
Ry. 3 'A% bonds for the construction of a line from Edmonton west
Portage Jet. to Inter. Boundary 63 Oakland to Totogan__________
17 to the coal
areas near the Brazeau River, &e., 150 nlllcs, at the rate of
Morris to Somerset___________
62 Battleford to Battleford Jet__
8
per mile for the first 50 miles and $25,000 for the remaining 100
Hartney Jet. to Brandon______
40 Edmonton to Morlnvllle______
23 $13,000
miles, Canadian Northern Ry. guaranteeing payment to Government.
Belmont to VIrden___________
91 Edmonton to Stoney Plains..
V. 90. n. 1295: V. ('2. p. 704, 880; V. 93, p. 162.
Gilbert Pis. Jet. to Prince Albert 361 Greenway to Adelpha________
52
In July 1908 the Dominion Government agreed to guarantee prln. and
Rossburn Jet. to Russell______ 104 Oak Point Jet. to Oak Point__
Int.
of 3 lAVo 50-year bonds or debentures to be Issued at $13,000 per mile
Arizona Jet. to Morris and Bran
Winnipeg Transfer Line_______
11 on 609
of branches In Manitoba and Saskatchewan. V. 88, p. 346,
don Jet .....................
77 Winnipeg to West of Dundee..
9 821; V.miles
87. p. 1159: V. 91. p. 37. 93: V. 92, p. 794. 880.
Brandon Jet. to Carbcrry J et..
23 Dalmeny to Laird_____________
28
In
June
1909
£600,000 4% first mtge. debenture stock, prln. and Int.
Brandon to Regina___________ 220 Saskatoon to KIndcrsley......... 127 guaranteed by the
Govt, of the Province of Saskatchewan and £600,000,
. Delta Jet. to Delta___________
15 Qu’Appelle Long Lake & Sas
prln. and Int. guaranteed by the Gov’t of-the Province of Alberta, were
WInnpeg to West of Dundee..
1
256
katchewan (leased).............
ofTcred
In
London,
secured by separate deeds of trust, the amounts now
Dalmeny to Laird____________
28
Issued being at $13,000 per mile, with the right reserved to Increase the
Total June 30 1910 (Including about 710 miles leased).................... 3,325 amount
to $15,000 and to Issue additional stock or bonds secured by said
For proposed line Montreal to Port Arthur, and obligations thereon, deeds for additional lines. V. 89, p. 40; V. 88, p. 1497. 1619; V. 91, p. 1322.
see Canadian Northern Ontario Ry. below.
In Oct. 1911 £687,671 4% 1st M. debenture stock (apparently an entirely
Extensions from Russell, Man., to Calder, 41 miles: Prince Albert, Sask., new Issue), guaranteed by Manitoba, was listed on the London Stk. Exch.
to Shellbrook, 28 m., and Ochre River, Man., to St. Rose, 11 m., were
INCOME CHARGE DEBENTURE STOCK.— The 5% income-charge
opened Nov. 1910. There were under construction Dec. 1910 76 miles In convertible debenture stock, limited to £3,086,410, or $15,000,000, at $10,
Manitoba, 283 In Saskatchewan and 221 In Alberta.
000 per m.fall Issued), Is redeemable at any time after May 1 1920 and Is con
In March 1911 It was expected to complete the road westerly to the Pacific vertible on Jan. 1 1916 or any subsequent Jan. 1 or July 1 until Jan. 1 1919,
Ocean during the fall of 1914, more than 600 miles to be constructed in the at the holders’ option. Into full-paid common shares at the rate of $500
westerly provinces alone in 1911. V. 92, p. 794, 1242; V. 93, p. 526.
(or £102 17s.) of deb. stock for $500 capital stock, on 60 days’ notice. The
As to proposed extension through British Columbia, see separate state Interest will be payable May 2 and Nov. 2 only to the extent that the net
ment “ Canadian Northern Pacific Ry.” on next page.
earnings are sufficient after paying fixed charges, and will be declared
In Aug. 1911 the Government awarded the contract for the first section April 10 and Oct. 10 out of earnings of the half-years ending June 30 and
of the Hudson Bay Ry. from The Pas to Thicket Portage, 185 miles, the Dec. 31. The Issue is secured by a general charge on the property
remainder of the line to Port Nelson, on Hudson Bay (total length to be (other than land and money subsidies) ranking behind the 4% consoi. debt,
about 450 miles) to be placed under contract next year. The Canadian stock and all securities now or hereafter created, having priority over the
Northern, It Is understood, will operate the road. V. 93, p. 526.
4% consol, stock, and also behind ali charges now or hereafter created for
As to probable acquisition of Bay of Qulntc Ry., see V. 93, p. 668.
securing any securities guar, by the Dominion or any of the Provinces of
In May 1910 acquired Saskatchewan Midland'Ry., V. 90, p. 976; V. 91, Canada. V. 90, p. 1674: V. 91. p. 1322; V. 92, p. 1031.
p . 336. The Canadian Northern Steamships, Ltd., Incorporated In Oct.
W INNIPEG TE R M IN A L 4s.— The 4s of 1909, of which $3,000,000 have
1909, operate on the Atlantic Ocean between Quebec and Montreal and been
sold, are guaranteed, prln. and Int., by endorsement, by the Province of
Bristol, Eng. V. 90, p. 697; V. 91, p. 1322.
Manitoba; additional bonds may be Issued and guaranteed on authorization
O R G ANIZATIO N.— The Manitoba lines of the Northern Pacific Ry., or the Legislative Assembly of Manitoba for further expenditures. The
351 miles, are sublet from the Provincial Govt, for 999 years from Mav 30 Grand Trunk Pacific will pay about $97,500 yearly for use of terminals,
1901 at $210,000 annually for the first 10 years, then $225,000 for 10 years, which were opened In July 1911 (as against $120,000 annual Int. on bonds
then $275,000 for 10 years, and thereafter $300,000, with option of purchase Issued), and further rentals may be arranged. V. 89, p. 065, 1480
for $7,000,000. Manitoba Govt, has option to purchase entire property In
LAND GRANT BONDS.— $2,000,000 first mtge. 4% land grant bonds
1929. V. 72, p. 437; V. 73, p. 615. Canadian Northern Ry. System are secured by 1,365,333 acres of land grant subsidies from Dominion of
Terminals Incorporated Sept. 1907 with $2,000,000 stock. V. 85. p. 863.
Canada. V. 85, p. 1205: V. 76. p. 1083: V. 75, p. 183. 549: V. 81. p. 203.
p r in c e a l b e r t
n^ -
land
T iiu n sr
JAZ
RAILWAY STOCKS AND RONDS.
GREAT BEAR
Lake
MackaV£
la c la Marte
Tt. Simpsoi
*Creat Slave
,ake
s'
JF*t.Laird
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Hazelto:)*
FLMcLeod<
TilUtatira
Jasper'^ Housec
rnJuwBOLTi
(SASKATOON*,
6odaXreek
^Kt-T^Utokg,/ CALGARY
O ct ., 1911.1
Cav.Arrowbead
^akuspr
.r.O\J'jER
^Ca'.otidseNO R .^
\sXs^- !
pjy C‘?L
W
\
MAP OF TH E
C A N A D IA N
N O RTH ERN
ISnohomtsl
R A I L W A Y
[Great Falls
A N D C O N N E C T IO N S
, ,_, SCALEOF MILES
22
R A IL W A Y
RAILROAD COMPANIES
IFor abbreviations, A c., see notes on first page]
STOCKS AN D
Miles Date
Road Ronds
Canadian Northern — (Concluded)
Imperial Rolling Stock 1st M ser A last Installment
1902
do
do
ser B to F *210,000 due y’ly
__ 1903
do
do
ser G $45,000 due yea rly ...
__ 1904
do
do
ser H $4,401 due monthly. .
1904
do
do
ser K part due yearly.......
__ 1905
do
do
ser L $250,000 due yearly..
__ 1906
do
do
part yearly (V 85, p 599) - __ 1906
do
do
ser NAO$200,000 yearly c*
__ 1907
do
do
ser P $100,000 due seml-an.
__ 1907
do
do
ser Q due $27,400 quar___
do
do
ser R $170,000 yearly___ o*
__ 1908
do
do
ser S $100,000 yearly___ c"
—
1909
do
do
ser T $150,000 yearly___ o ‘
__ 1909
do
do
ser U $50,000 yearly_____
—
1909
d®
do ser V $300,000 y'ly(V 91, p 153).o
—
1910
„ do
do ser A1 $184,000 s-a(V92,pl031) c
—
1911
Equip notes g ser I due $29,000 seml-ann___ G.xc
—
1910
Canadian Northern Ontario— Guar deb stk (see text)
268 1908
Perpetual consolidated debenture stock__________
— 1909
Guaranteed 1st M deb stk, $35,000 per mile_______
. . . 1911
Can Nor Pacific— 1st M $21,000,000 gu by Brit Colum
—
1909
Can Nor Quebec— Gt Nor cons M $5,462,000 (text) Ce
— 1904
Perpetual guaranteed debenture stock (see tex t). .
Canadian Pacific— Stock $200,000,000 authorized___
—
—
Preferred stock limited to 4% non-cumulative___ r
- - - ___
First mortgage debentures sterling________________ 3,221 1885
First mortgage on Algoma B rg ....... ............_.e*A r
183 1888
Consol perpetual debenture stock .........................
1889
—
Securities o f Principal Leased, A c., Lines.
Manitoba S W Col Ry $12,000 per mile lnt guar gold
218 1884
Atlantic & Northwest— 1st mortgage gold gu._o*Ar
350 1887
St Lawrence A Ottawa— first mortgage gold see text
58 1876
Ontario & Quebec stock guaranteed In perpetuity
__ ____
Ontario & Quebec deben Interest guar In perpetuity
._
671
Toronto Grey & Bruce 1st M gold Interest as rental
191 isa3
New Brunswick Ry 1st M gold lnt from rental, c*
174 1884
Perpetual consol debenture stock. Interest guar
__ 1890
New Brunswick Southern first mortgage.........
84
Par
Value
$1,000
$ or £
$ or £
$500' Ac
500 Ac
500 Ac
500 Ac
500 Ac
500 Ac
500 Ac
500 Ac
500 Ac
1,000
100
100
£100 Ao
£100 Ac
£1 Ac
1,000
£100 Ac
£50 Ac
$100
£1
£100
£100
£1
£1,027,400 First Mtge. 4% Land Grant Debenture Ronds.— These bonds
are secured on 1,250,000 acres of land (specially set aside as per schedule
in mtge.) In the Provinces of Manitoba and Saskatchewan, of which 239,000
acres have, since sales of the land commenced in 1907, been sold, proceeds
of which have been paid over to the trustees; £47,000 retired, as provided
In trust deed. V. 87, p. 479, 1477; V. 88, p. 1126.
G ENERAL FINANCES.— In March 1911 the company sold the final
block (£358,888) of the Issue of £1,622,586 IstM . 314% deb. stock, guaran
teed by the Canadian Govt., also the entire Issue of £647,260 314% Cana
dian Northern Alberta Ry. deb. stock, similarly guaranteed. More than
600 miles of main line and branches. It Is said, will be built by the company
In 1911. It Is thought that the road may be completed to the Pacific Ocean
during 1914. See also V. 92, p. 794, 880.
EARNINGS.— 12mos.. f 1910-11..Gross, $15,199,500; net, $4,165,800
July 1 to June 30.
U909-10-.Gross, 12,821,300; net, 3,626,900
REPO RT.— Report for year ending June 30 1910, in V.91, p. 1322, shows:
„
1909-10.
1908-09.
1907-08.
1906-07.
Average miles..............
3,179
3,013
2,866
2,509
Gross earnings----------- $13,833,062 $10,581,768 $9,709,462 $8,350,198
Oper. expenses & taxes. 9,488,672 7,015,406
6,676,775
5.424.164
^INet earnings------------ $4,344,390 $3,560,362 $3,032,687 $2,920,034
lnt. bonds gu. by Manlt.
$709,158 $695,041
$658,743
$624,726
Int.bds.gu.by D.of Can.
280,800
280,800
280,800
280,800
lnt. perp. cons. deb. stk.
1,150,055
938,399
577,539
446,054
lnt. Qu’Ap. L. L. & S ..
203,988
203,983
181,467
lnt. on 4% land gr. bds.
191,533
96,107
Rentals leased lines, Ac.
223,960
223,960
223,960
223,960
lnt. on equip, leases----554.143
480,727
431,248
306,949
E&Surplus for year........$1,030,757
$646,745
$678,930T
OFFICERS.— Pres., Sir William Mackenzie; V.-P., Sir Donald Mann;
3d V.-P., D. B. Hanna; Sec., W. II. Moore; all of Toronto, Ont. Directors:
Sir William Mackenzie, Sir Donald Mann, Z. A. Lash, Frederic NIcholls,
all of Toronto, Ont., and R. M. Ilorne-Payne, London, Eng.— (V. 92. p.
794, 880, 1031. 1242, 1309, 1435, 1635; V. 93. p. 162, 406, 526, 666.)
•^“ C AN A DI A N NORTHERN ONTARIO R Y . — (See Map Canadian Northern
R y.)— Owns Toronto to Sudbury, 268 miles, with extensions to Gowganda
Jet., 43 miles; branches and spurs, 31 miles: total, 342 miles. From Sellwood the main line Is now being extended towards Port Arthur, where a
connection will be made with the Can. Nor. Ry. Forty miles of this ex
tension was completed In fall of 1909. See deb. stock below. A branch
line from a point north of Sellwood Into the Gowganda Sliver District, 30.7
miles, was opened Jan. 3 1910. The extension from Hawkesbury to Ottawa
CltY was opened In Nov. 1909, and, In connection with the Can. Nor. Quebec
Ry., a through train service was established between Ottawa, Quebec and
Montreal, V. 92, p. 162. Owns modern ore-handling plant at Key Harbor,
80 m. from Moose Mt. Iron mines.
In Aug. 1910 interests closely allied with the company, it Is understood,
acquired practically all the stock of the Ontario & Ottawa Ry., which
had acquired Central Ontario Ry., Ac., total 243 miles. V. 91, p. 276.
462: V. 93, p. 162. See BONDS below.
O R G ANIZATIO N.— Controlled by same interests as the Can. North.
Capital stock (shares $100), authorized, $1,000,000: Issued June 30 1910,
$250,000. Debenture stock, 3 14%. £269,040. due July 10 1936 and £1,346.
023. due June 30 1938, Interest Mch. 31 and Sept. 30 and Dec. 31 and June
30. Authorized at $20,000 per mile. Prln. and lnt. guaranteed by Prov
ince of Ontario. V. 87. p. 96: V. 88, p. 1060.
The £800,000 4% perpetual consol, debenture stock Of 1909 Is a first lien
on road from Hawkesbury to Ottawa and from Ottawa to Niagara, via
Toronto and Hamilton, with additional charges on other lines as further
In May 19i 1 the Canadian Government agreed to guarantee 314% 50-year
1st M. deb. stock at $35,000 per mile on not exceeding 1,050 miles, toconstruct line from Port Arthur to Montreal via Sudbury and Ottawa Valley,
of which 550 miles from PortArthur to Silver Jet. were let. The Can. Nor.
Ry. Is to Indemnify the Govt, against loss on the guaranty. The deb. stock
will be secured by a first charge on the road and equipment from Montreal
to Port Arthur, ranking after the 30-year 3 14% deb. stock created under
trust deeds dated July 12 1906 and June 24 1908 Insofar as they may beunexchanged and outstanding and upon any bonds or deb. stock deposited
as collateral. The company Is required to deposit with the trustee of said
new mortgage bonds or debenture stock Issued under the trust deed of
June 28 1909 an amount equal to $35,000 per mile of the line between a
point opposite Hawkesbury and RIdeau Junction, anil on the 10 miles of
the Hutton branch, being approximately $2,558,500 of such bonds and de
benture stock. V. 92, p. 1309, 1435, 1635. Bonds will also be Issued for the
Montreal and Toronto terminals, Immediate outlay probably about $10.
000,000 or more. See V. 92. p. 1435; V. 93, p. 162, 526.
DIRECTORS.— Sir William Mackenzie, Sir Donald Mann, Frederic
NIcholls, W. H. Moore, L. W. Mitchell, Z. A. Lash, all of Toronto, Ont.;
and R. M. Horne-Payne, London, Eng. Pres., Sir William Mackenzie;
V.-P., Sir Donald Mann; 3d V.-P., D. I). Hanna; Seo., W. H. Moore, all of
Toronto, Ont. Office, Toroto, Ont.— (V. 92. p. 260, 1309, 1635.)
CA N A DI A N NORTHERN PACIFIC R Y . — (Sea Map Canadian Northern
Ry.)—To construct a line across the Rockies from Yellowhead Pass to Van
couver and Pacific tidewater, about 600 m., to be completed within 4 years.
In May 1911 contracts were let from Hope to Kamloops, 163 miles,
estimated cost $15,000,000, and in Aug. 1911 from Yellowhead Pass to
Kamloops, 250 miles. V. 92, p. 1309; V. 93, p. 526. Controlled by same In
terests as Canadian Northern Ry. Stock authorized, $25,000,000, of
which $10,000,000 may be pref.; par, $100. Bonds will be Issued at
$35,000 p. m. (limited to $21,000,000, unless the road Is extended Into city
of Kamloops), guaranteed by British Columbia Govt., the Canadian North
ern Ry. to Indemnify the Govt, against any loss it may Incur by the guar
anty. Mtge. trustees, National Trust Co. of Toronto and British Empire
Tr. Co. V. 91, p. 37, 93: V. 90. p. 696: V. 89, p. 1141.— (V. 91. p. 93.)
Amount
Outstanding
BONDS
Rate
%
W h en
Payable
[VOL. LXXX XIII.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$193,382
M A N Nov 1 1912-’ 12 C Bk of Com, N Y, or Tor
5g
F A A Aug 1 1912-’ 13
$420,000
5
do
or London. Eng
$135,000
M A S Sept 1 1912-’ 14
5
do
Toronto, or Lon
$30,818
To 1912
do
do
$475,000
4 >4 g A A O Oct 1 1912-’ 15 N Y , London or Toronto$1,200,000
4 >4 g ,T A D June 1 1912-’ 16
do
do
$286,000
4 )4 g M A N Nov 1 19i2-’ 16
do
do
$1,200,000
414 g J A D June 1 1912-’ 17
do
do
$1,200,000
414 g F A A Feb ’ 12-Aug ’ 17
do
do
6
To May 191*2
164,200
Can Bank of Comm, N Y
$1,190,000
M
S
A
Mch 1 1912-’ 18 N Y , London and Toronto
4*4 g
$800,000
414 g M A S Mch 1 1912-’ 19
do
do
$1,200,000
414 g M A S Sept 1 1912-’ 19
do
do
$400,000
do
do
414 M A N Nov 1 1912-’ 19
2,700,000
■ 414 M A N Nov 1 1912-’20
do
do
3,500,000
414 g F A A Feb ’ 12-Fcb ’21
do
do
236,000
5 g F A A To Aug 1 1915 Guaranty Tr Co, N Y
£1,615,068
Various 1936 and 1938 Can Bk of Commerce,Lon
314
£800,000
4
A A O 2 Perpetual
C Bk of Com, Tor & Lou
See text
seml-an 50 years
314
4
(?)
seml-an 30 years
3,505,000
A A O Oct 1 1934
4
Can Bk of Com,NY & Tor
£1,038,855
London
4
J A D31 Perpetual
180,000,000 See text
Q— J
Sept 30 19112 14 Lond A 31 Pine St. N Y
57,076.666
4
A A O Sept 30 1911 2% Company’s Office, Lond
34,998,633
5 K ,T A J July 1 1915
Baring Bros & Co, Lond
3,650,000
Baring Bros & Co, Lond
5 g ,T A J July 1 1937
142,861.462
4
J A J Irredeemable
Company’s Office, Lond
$2,544,000
£1.330,000
£200,000
$2,000,000
£4,007,381
£719,000
£630,000
£904,533
500,000
5g
5g
(6) 4
6
5
4g
5g
4
3
,T A D June 1 1934
,T A J Jan 1 1937
J A D15 See text
,r A D June 1911 3
A D Irredeemable
j
j
A J July 26 2882
F A A Aug 11934
J
A J Irredeemable
Jan 1 1933
London & 31 Pine St N Y
Baring Bros & Co, Lond
Can Par office, London
Montreal and London
Morton, Rose, London
'
do
C AN AD IA N NORTHERN QUEBEC R Y . — (See Map Canadian Nor. R y.)
— Owns Quebec to Montreal, 176 miles; Jollette to Hawkesbury, 67 miles;
branches, Garneau Jet. to Riviere a Pierre, 40 m.; Shawinlgan Jet. to Sha
wl nlgan, 4.50 m.; St. Jacques Jet. to St. Jacques, 7.20 m.; St. Jerome Jet.
to Huberdeau, 45.70 m.; spurs, 7.87 m.; totul, 347.27 m. Also operates
58.65 m. Ottawa to Hawkesbury, of Central Ontario Ry.
Owns elevator, car shops, Ac., at Quebec. Formed In 1906 by the amalga
mation of the Great Northern Ry. of Canada, Ac. Controlled by the same
Interests as the Canadian Northern Ry.
Capital stock, $12,500,000, of which $3,000,000 is Issued as statutory
stock with a certain preference as to dividend.
SECURITIES.— On Oct. 22 1906 an issue or 4% perpetual debenture
stock, guaranteed by the Canadian Northern Ry., was authorized to an
amount sufficient to take up the bonds of constituent companies, to meet
cost of lines now under construction, provide for construction or acquisition
of additional lines at not exceeding £4,109 ($20,000) per mile of such lines,
and, with the consent of the trustees forthe stockholders,to provide for the
purchase of the stocks and securities to an amount not exceeding the cost.
In October 1906 £1,000,000 of this stock was Issued to take up the
entire bond Issues of the Chateaugay A Northern Ry. and the Quebec New
Brunswick A Nova Scotia Ry. and $1,514,500 bonds of the Great Northern
Railway Co. of Canada, and since that date £38,555 of stock to take up an
additional amount of Great Northern Ry. Co. of Canada 4% bonds. In
terest payable June 30 and Deo. 31. Total amount outstanding, £1,038,
855; secured by specific first mtge. upon any securities acquired as above
and deposited with the trustees and by first general lien upon entire property
of company (other than land and money subsidies), subject only to the bond
Issues of the amalgamated companies, which bonds will be retired as soon ns
every bond of each series has been exchanged for stock of this Issue. V. 83.
p. 968; V. 84, p. 693, 748.
l 043,545
There are $3,505,000 4% bonds of the Great Northern Ry. of Canada,
guar, as to prln. and lnt. by Canadian Northern Ry.
The Central Trust
Co. of New York holds $6,500 bonds for exchange for the unexchanged bal
ance of Great Northern Ry. of Canada first Issue of 5% bonds.
DIRECTORS.— D. B. Hanna, Z. A. Lash, Frederic NIcholls, W. HMoore and F. C. Annesley, all of Toronto, Ont.; II. H. Melville, Boston.
Mass.; Hon. F. H. Phlppen, Toronto; Hon. Jules Tcssler, Senator, of Que
bec, P.Q.; Thomas McDougall, Mayor of Quebec; A. J. Mitchell, Toronto,
Ont., and R. M. Horne-Payne, London, Eng. Pres., D. B. Ilanna; V.-P..
II. H. Melville; 2d V.-P., Frcdcrlo NIcholls; See., W. II. Moore, all of
Toronto. Ont.— (V. 84, p. 693, 748.)
CANADIAN PACIFIC RY.— ROAD.— Owns a trans-continental railway
from Montreal to the Pacific Ocean, made up as follows July 1 1911:
Montreal to Vancouver_______ 2,910 Under construction July 1 1911 983
Branches and auxiliaries______2,791 Operated account of owners__ 292
Leased lines__________________ 4,686
Also controlled but oper. sep.—
Used Jointly.............................
94 aMinn. St. P. & Sault Ste. M..3.770
aDulutb South Shore A Atlantic 612
Total In traffic returns_____10,481
aSec each company’s statement.
In Jan. 1909 control of Wisconsin Cent, was purchased by Minn. St. Paul
& Sault Ste. Marie. V. 88, p. 157. New Chicago terminals, V. 93, p. 285.
In Aug. 1910 Canadian Pacific interests purchased practically all the stock
of Dominion Atlantic Ry., Yarmouth to Truro, with branches, total 247
miles, with 45 miles trackage to Halifax, possession being taken April 1911.
V. 91, p. 728; V. 90, p. 1490, 1424. In 1911 acquired nearly all the minor
ity stoek of the Alberta Ry. & Irrigation Co. at $150 per share, the road
being leased on a guaranty of Interest on debenture stock and 6% on com
mon stock. Sec V. 92, p. 955; V. 93, p. 593.
In Sept. 1911 the Can. Pac. arranged, subject to obtaining the necessary
authority, to lease for 999 years the Quebec Central lty., extending from
Sherbrooke to Harlake, Que., 137 14 miles; Beauce Jet. to St. George, 24 m.,
and Trulg to Megantlc, 59 m.; total, 221 m., with 5 m. trackage. The
rental will provide for (1) Interest on $2,943,540 4% debenture stock; (2)
314% Interest on $1,644,933 3% debenture stock (which Is to be converted
Into new 50-year 314% debenture stock (prln. guaranteed by lessee); (3)
5% on $1,644,933 7% Income bonds (to be converted Into new 50-year 5%
bonds), payable half-yearly, 10% cash bonus to be given to the converting
bondholders and principal to be guaranteed by lessee; (4) 4% on the $3,381,
603 capital stock, payable half-yearly for the first four years and 5% there
after. V. 93, p. 667, 1100.
HISTORY. ETC.— Incorporated Feb. 18 1881 under charter from Do
minion of Canada, receiving $25,000,000 In cash as a subsidy; also 25,000,
000 acres of land, all to be fit for settlement. Operates trans-Atlantic and
Pacific steamship lines; also steamers to Alaska.
STOCK.— The Issue of preferred must never exceed one-half the common.
Stockholders voted Oct. 7 1908 to Increase auth. com. stock from $150,
000,000 to $200,000,000, $30,000,000 new stock being subscribed for by
com. stockholders at 125, payable In 5 equal Installments to Sept. 1910.
V. 87. p. 613, 936, 1008; V. 89, p. 917, 1068; V. 90, p. 1044, 1674.
DIVS. since 1900.—
1 ’01. ’02. ’03.’04 t o ’06.'07 t o '09. ’ 10. 1911.
Railroad earnings-...............1 5
5 514 6 yearly 6 yearly 6 14 7
214
Land sales, etc., Interest____J ........................... ..... 1 yearly 1
In 1911, Jan., 1 J4% and 14% extra from land sales. Extra divs. at 3%
yearly ( M of 1% quar.) are to bo paid from the lnt. on land sales and extra
neous assets beginning April 1911, Increasing yearly rate to 10%. V. 92.
P.117.955.
BONDS, DEBENTURE STOCK. GUARANTEED BONDS, ETC.—
List of securities held against consolidated debenture stock In V. 93, p. 594.
Stockholders on Oct. 1 1911 authorized the Issue of consolidated deben
ture stock at not over £6,000 per mile on 379 miles, to construct various
branches and extensions and £800.000 for steamers; lalso the lease of certain
lines. V. 93, P. 1103.
•
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4% bonds to be Issued by the Dul. So. Sh. & Atl.; also 4% lnt.
on consolidated bonds of the Minn. St. P. A S. Ste. M., and In 1899 Interest
on the second mtge. 4s of the latter, and In 1901 Interest on $1,254,000
Mineral Range 4%, bonds, the last named being all owned June 30 1911.
■
.
I Owns Dul. S. S. A Atl. consols. $15,107,000.
24
R A IL W A Y
RAILROAD COMPANIES
STOCKS AN D
Miles Date
Road Bonds
\Fot abbreviations, Ac., see notes on first page]
Par
Value
BO ND S.
Amount
Outstanding 1 Ro }e
When
Payable
[V O L. L X X X X III
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Canadian Pacific— (Concluded)—
t
i
. . . 1890
£1,121,700
4 g J 3 & J 2002
Can Pac Office, London
52 1905
$1,000 $1,040,000
4
J & J 1955
Can Pao Office, Montreal
_.
100 3,250.000
J & J
5
l
40 1903
1.000
500,000
4 g J & J July 1 2002
Bk of Montreal, Toronto
Quebec Central stock illv to be guaranteed!
__ ___
3,381,603 See text Semi-an
.
--- ___ __
2,943,540
4
Debenture stock prin and int to be guar
.
3
i
1,644,933
50 years
Bonds principal and interest to be guaranteed
1,644,933
50 years
Aroos Val El RR 1st M $300,000 g red 105 Int guar■
14 1909
500 &c
300,000
4H g F & A
N Y and Augusta, Me
Minn St P & Sault Ste Marie and Duluth South Sho • e & At lantlo —See sta tements of those co mpanles Aug 1 1929
Carolina Central— Bonds—See Seaboard Air Line R'
Caro Clinclif & Ohio— 1st M $15,000,000 red 110.F.c'
1908
1,000 10,000,000
5 g ,T & D
Blair & Co, New York
1909
1,000 5,000,000
5g J
J
do
do
1 __ 1908
1,000 2.050,000
5 g J & D Dec ’ ll-D ec’ 18
do
do
do
do
__ 1910
1,000
850,000
5 g J & J Jan ’ 12-Jan ’20
do
do
I
___ 1903
1.500,000
5 g J & J July 1 1953
Checks mailed
Caldwell & Northern 1st M_
1907
543,000
J
5
D June 1 1957
do
do
46 1892
1,000 1.100,000
4 g J & D Dec 11981
Grand CentTermlnal.N Y
Carthage Water & Sack Har— 1st M g gu p & i end__
29 1891
1,000
300,000
5 g J .& J
do
do
Catasauqua & Fogclsviile— First mtge gold ..PcP .c**
__ 1898
1,000
135,000
,r
4g
& J,
Reading Terminal, Phlln
Catawissa— Pref stock 5% guar P & R Ry (see text)
98
50 3,200,000
5
M & N
Company’s Office, Phlla
First consol mortgage $2,215,000 gold....... PeP.o
103 1898
1,000 2,215,000
4g A & O.
do
do
Catskill Mt’n— 1st M ($2,000 not ext from 1905)____
16 1885
1,000
39,000
5
F & A .
Tan Nat Bk Catskill N Y
First Income bonds_______ _____ _________________
__ 1885
100 &c
238,000
6
4.34%
paid
Sept
’ 10
•
Cayuga & Susquehanna— Stock 9% rental D L & W .
34 ___
30
589.110 See text J & J .
1911 4 K 30 Pino Street New York
Ccdar Rapids Iowa Falls & Northwestern— See Chlca go Ro ck Isla nd & Pac file Ry
Central Arkansas & Eastern— See St Louis Southwest ern
Central Branch— See Missouri Pacific
Central of Georgia Ry— 1st M $7,000,000 gold.G.o*&r
312 1895
1,000 7,000.000
5g F & A ]
Guaranty Trust Co N Y
Consolidated mortgage $18,500,000 gold.. Ba.c*&r 1,493 1895
1,000 18.500,000
5g M & N ]
do
do
Mobile DIv 1st M (Columbus to Andalusia) g __ G.c*
138 1895
1,000 1,000,000
5g J & J.
do
do
Macon & North DIv 1st M $840,000 gold.._MBa.c*
102 1895
1,000
840,000
J
&
5
g
J
,
do
do
Ocon DIv 1st M Brewton to Dover $6,000 p m .. S.c*
77 1901
1,000
462,000
5g J & D1
do
do
Eatonton Branch first mtge not guaranteed gold..
21 1896
500
168,000
5g J & D.
Savannah, Ga
Mid Ga & Atl DIv 1st (consol) M $9,000 p
65 1897
1,000
413,000 5 cur J & j
Guaranty
Trust
Co,
N Y
Chattanooga DIv purch money M $2,400,000 g-S.c*
164 1901
1.000 2,057,000
4g J & D,
do
do
Chattanooga Rome & So 1st M $500,000 g.Un.o*
138 1897
1,000
343,000
5g J & J.
Union
Trust
Co,
New
Yk
Upper Cahaba mortgage gold redeem 102 H _____N
12 1905
1,000
F & A 1
420,000
4g
Guaranty Trust Co, N Y
Greenville & New 1st M gold redeem 102 K ......... N
24 1905
1,000
420,000
4g M & SI
do
do
St. Lawrence A Ottawa bonds are endorsed with the Canadian Pacific’s ac
ceptance of a 999-year lease at a rental sufficient to pay 4% Int on bonds
and the bondholders’ agreement to accept int. at 4% (Instead of 6%) and to
refrain from demanding principal (due 1910) during lease. V. 90, p 1361
The New Brunswick. Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific; interest on the 1st mtge. bonds though
n° t guaranteed. Is paid out of rental under 990-year lease of 1890.
The Calgary
Edmonton Ry. debenture stock Is guaranteed Interest at
4% under new lease of 1903. V. 76, p. 435; V. 77, p. 636.
The Lindsay Bobcaygeon A Ponlypool Ry. bonds are Issued under a 99year lease covering the Interest. V. 77, n. 1225; V. 79, p 2085
The Interest on the Aroostook Valley (Electric) RR. 20-year 4 M % bonds,
which has completed a first unit of 14 miles from Presque Isle to Washburn,
Me., Is guaranteed: an extension from Washburn, Me., west 80 miles, was re
ported as let In July 1911. V. 89. p. 846; V. 90, p. 107; V. 92, p. 259.
Car trusts outstanding June 30 1911. $1,200,000.
LANDS.— Lands unsold June 30 1911 were 6,863,336 acres of Canadian
Pacific grant and 97,118 acres of Manitoba South Western grant, 100,730
Great North-West Central grant, 3.135,763 British Columbia Southern,
37,794 acres of Columbia and Kootenay grant and 1,254,254 acres of
Columbia & Western grant: total, 11.4.38,995 acres. The Columbia &
Western Ry. claims a further area, which Is In dispute. Total sales In
1910-11, 650.874 acres, for 59,558.427.
G ENERAL FINANCES.— In 1906 stockholders subscribed for $20,280,
000 new com. stock at par. In Feb. 1908 for $24,336,000 at par and In Nov.
1909 for $30,000,000 at 125. V. 74. p. 378; V. 82, p. 333, 691. In 1907-08
£1,000,000 pref. stock was sold, In 1908-09 £800,000 and In 1909-10 £600,
000 and in 1910-11 £300,000.
In Feb. 1908 £2,000,000 4% debenture stock was sold, in 1908-09 £2,
727,340, In 1909-10 £1,598,935 and In 1910-11 £1,203,667. V. 85, p. 599;
V. 86, p. 545; V. 93, p. 593.
In July 1906 the last of the $15,000,000 land grant bonds was paid off,
leaving the land grant unencumbered; on June 30 1910 the balance due on
account of land sales was over $27,942,113, on which 6% int. is received.
This Interest will be used to pay extra dividends on the common stock; 1%
extra per annum was paid In 1907 and to Jan. 1911. V. 83, p. 817.
In Oct. 1910 the dividend rate was raised from 7 to 8%. including Inter
est on land sales and extraneous assets, and In April 1911 was further In
creased to 10%. V. 92, p. 117, 955; V. 91, p. 396, 945.
EARNING S.— 2 mos , /1911....... .Gross, $20,083,722; net,$7,778,599
July 1 to Aug. 31.
\1910---------- Gross, 18,124,545; net, 7,176,292
A N N U A L R EPO RT.— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday In October. The report for 1910-11
at length was In V. 93, p. 586. 593. Annual meeting, V. 93, p. 1103. See
also editorial, p. 624.
1910-11.
1909-10.
1908-09.
Miles operated end of year...............
10,481
10,271
9,878
Passenger earnings---------- ----------- $28,105,556 $24,812,021 $20,153,001
Freight ----------------------- -------- .- 65,645,228 60.158,887 48,182,520
Mail, express and miscellaneous____ 10,357,024 10,018,582
7,977,800
Total earnings________ _
.. $104,167,808 $94,989,490 $76,313,321
Net earnings____________
---- $36,699,830 $33,839,956 $22,955,573
Interest received_________
---1,118,350
909,235
399,909
$37,818,180 $34,749,191 $23,355,482
Fixed charges---------------------------- $10,011,071 $9,916,941 $9,427,033
lo r steamships, &c----------1,080.000
980,000
880,000
D cienda on common stock*------- (7) 12,600,000(6K) 10167179 6)9.000,00
Dividends on pref. stock (4 % )______ 2,253,867
2,214,933 2,107,867
Balance, surplus.................. ......$11,873,242 $11,470,138 $1,940,583
* Also 1% extra yearly from int. on land sales, viz.: U% Apr. and 'A%
v
468,' 586,
U03.)and * * * *“
104,
CANE BELT RR.— See Atchison Topeka & Santa Fe.
CAROLINA CLINCHFIELD & OHIO R Y .— (.See M ap.)— In operation
from Dante, Va., to Spartanburg, S. C., 245 m. The Dumps Creek Line,
St. Paul, Va., to Hurricane, Va., 12 m., was opened May 1910. Connects
at Bostic, N. C., with Seaboard Air Line Ry., with which close relations are
maintained, by which tidewater Is reached. V. 88, p. 944- V 87 p 670
Controlled by the Cumberland Corp., which owns the Cllnchftcld Coal Corp !
whose 285,000 acres of coal lands the road will develop. V 86, p 669
V. 83, p. 154. See Cumb. Corp. Financed by leading N. Y. bankers
’
Name changed in March 1908 from South & Western RR., stock being In
creased to $30,060,000, of which $15,000,000 is 6% pref. and $15,000 000
com. In Feb. 1910 arranged with Southern Ry. to send coal to Charleston,
S. C., where co. will have a terminal to handle coal for export. V.90,p.558.
BONDS.— The first mtge. has been authorized to secure $15,000 000 30year 5% bonds dated June 1 1908, of which $3,000,000 were used to retire
the old bonds (3 Issues) to the same amount deposited as collateral for the
Cumberland Corp. 1-year notes of 1908; In Aug. 1908 $7,000,000 additional
bonds were sold, making $10,000,000 outstanding. The mtge Is secured
on the road from Dante, Va., to Spartanburg, S. C., 245 miles V 86. n 067.
866; V. 88, p. 944. In Feb. 1909 $2,600,000 equipment notes, Series ’ ’A ,”
and in Jan. 1910 $1,000,000 Series “ B” were sold. V. 88, p. 451.
In Julv 1909 $5,000,000 10-year 5% mtge. gold notes following In lien
the $10,000,000 first 5s of 1908 were sold. They are subject to call as a
whole or may be drawn In part by lot. V. 89, p. 285.
Mark W. Potter, President, 24 Broad St., N. Y .— (V. 93. p. 469.)
CAROLINA & NORTHWESTERN RY.— Owns standard-gauge road,
Chester, ,S. C., to Edgemont, N. C., 133 >4 miles, having acquired Caldwell &
Northern, Lenoir to Edgemont, N. C., 23H miles, July 1 1910. ReorganIzatlon In 1807 of Chester & Lenoir, foreclosed.
,
nearly all stock was acquired by a syndicate. Stock author
ized; $1,000,000 each of com. and 4% non-cum. pref.; outstanding, July
1910, $854,2o0 com. and $550,000 pref. stock. Of the 50-year 1st gold 5s
due July 1 1953 (Standard Trust Co. ofjNew York, trustee), $1,500,000 were
used to retire all underlying bonds and $1 ,000,000 are applicable to exten
................. - ■
sions, new equipment, &c. - r
Income " '
" '
def., S
destro
— (V.
CAR TH A GE & A D I R O N D A C K R Y . — (See Maps N . Y. Central.)— Owns
from Carthage to Newton Falls, N. Y.. 46 m. The entire stock, $500,000,
is owned by the N. Y. Central RR., which In May 1893 leased the property
In perpetuity and guaranteed Its $1,600,000 bonds, of which $500,000 were
for extensions. <&o.— (V. 57, p. 218.)
C AR TH AG E W ATE RT OW N & SACKETS H ARB OR R R .— (.See Maps
n
\9en,tFal'l7~9vrFF3
Larthage to Sacltets Harbor, N. Y., 29 miles.
ky N. Y . Central, which owns $484,100 of the stock and guaran
tee} the bonds. Leased to R. W. & O. for 37H% of gross earnings. Rental
yf ar.nn«0,’ $72,48/ ’ CaPItal ^ook, $405,000 com. and $21,500 pref.
Dividends 1900 to June 1911, 5% yearly (J. & D.), and In 1909 10% and
Dec. 1910 5% extra.— (V. 91, p. 1765; V. 92, p. 59.)
CATASAU QUA & FO GG LSVILLE R R . — Catasauqua, Pa., to RlttenGap, Pa., 30.9 m. Stock, $426,900 (par $25); $254,125 is owned by
J )lv;s™EaJ(1, lrJ, 1003-04, 7%; in 1904-05. 8%; in 1905-06. 8%;
In 190b-07, 8%: 1908-09, 8%; 1909-10, 10%. For year ending June 30
^01°.
SJ7o,87o; net Inc., $109,997; deduc., $17,621; diva., $42,690;
sur., 5iuy,ooo.— (v . 81, p. 149.)
. C A T A W I S S A R R . — Owns from Tamancnd, Pa., to Newberry Jet., Pa.,
101.22 “ dies; second track. 39.83 miles; total. 215.51 miles. Rc-lcased
Dec. 1 1896 for 999 years to Philadelphia & Reading Railway. Rental,
interest on bonds, 5% dividends on preferred stock, all taxes and $8,000
for organization expenses. Sec also V. 63. p. 969, 1116. Of the preferred
stocks, In 1911 $2,200,000 was first preferred and $1,000,000 second pre
ferred, and common was $1,159,500; par, $50.— (V. 72, p. 1187.)
C A T S K I L L MOUNTAIN R Y . — Owns narrow-gauge road from Catskill,
up the Catskill Mountain, to Palenville, N. Y., 16 m.; leases Cairo RR.,
Cairo Jet. to Cairo. N. Y., 4 m.; 20 miles. Stock, $89,000. There are also
second Incomes for $15,600, 6 % . First Incomes have one vote for each $100.
DIv. on 1st incomes, 5.8281% Sept. 1906. the first since 1901; 1907,
2.91042%; 1908, less than 2%; 1909, almost 3%; 1910, 4.34%; 1911, none.
EARNINGS.— Year ending June 30 1911, gross, $66,825; net income,
*12,520: Interest, &c., $12,494; balance, surplus, $26.— (V. 83, p. 817.)
...C AY U GA & SUSQUEHANNA R R . — Owns from Susquehanna River to
Ithaca, N. Y., 34 m. Leased during length of charter and renewals thereof
to the Delaware Lack. & Western at a rental of $54,600 a year. DIvs. paid
are 9% yearly, with an occasional extra amount; In 1904 9 J4% was paid.
CENTRAL OF GEORGIA R Y. — (See M ap.)— System Includes:
Lines owned in fee—
Miles.
Lines leased (see these cos.) Miles,
Savannah to Atlanta_________ 295 Southwestern R R.—
Gordon to Porterdale...............
86
Macon to Eufaula................ 144
Columbus to Birmingham, Ala. 156
Fort Valley to Perry________
12
Columbus to Amertcus________
62
Fort Valley to Columbus_________ 71
Montgomery to Eufaula, A la ..
80
Smithvtllc to Columbia_____
85
Columbus to Greenville, Ga___
49
Cuthbert to Fort Gaines___
21
Opelika to Roanoke.................
36 Augusta & Savannah R R.—
Eufaula to Ozark......... ..........
60
Mtllen to Augusta................
53
Griffin, Ga., to Chat., Tcnn.,&o. 198 Chattahoochee & Gulf R R .—
Chickamauga to Durham_____
18
Columbia to Lockhart______
91
Savannah to Tybec.................
18 Trackage.....................
2
Columbus to Andalusia........... 138
Macon Junction to Athens___ 102
Total oper. July 1911______ 1,915
Brewton to Dover____________
77
Barnesvllle to Thomaston_____
16 Also Meldrlm to Lyons, 58 miles
Lyerly Branch.........................
9
(leased to Seaboard Air Line).
Upper Cahaba Branch.............
12 Ocean SS. Co., cst. equlv. o f____300
Greenville to Raymond_______
24 Controls Wrlghtsvllle & Tennllle and
Wadley Southern Ry.
Total owned (and oper.)___ 1,436
ORGANIZATION.— Succeeded Nov. 1 1895 the Central RR. & Banking
Co. of Georgia, foreclosed. V. 60, p. 1008; V. 61, D. 68. All of the Wadley
Sou. Ry. bonds are deposited to secure notes due Mch. 1 1912. V. 85, p. 605.
In June 1909 the $5,000,000 stock was acquired by the Illinois Central,
but the road Is operated Independently. V. 88, p. 1559: V. 84, p. 1550;
V. 85. p. 1082, 1268: V. 86. p. 667.
BONDS.— The first mortgage of 1895 (described In V. 63, p. 1160) Is a
first lien on the main line from Atlanta to Savannah, including the MUledgovllle branch (312 m. in all), all equipment and appurtenances, and the eguitu
in $1,995,000 stock of Ocean SS. Co. V. 84, p. 529. 605; V. 87, p. 550.
Application for listing firsts and consols In V. 63, p. 1160.
The consol, mtge. (see abstract V. 01, p. 873; also V. 63. p. 1160; V 83 p
1347). Is a first Iten upon 600 m. (Including former Mont. & Eufaula RR.
Sav. & Western and Sav. <k A tl.); also on the leases of the South Western
and Augusta & Savannah roads and the stock of New England & Savannah
Steamship Co., and a second lien upon the main line, Its equipment, &o., and
a so on the Macon & Northern, Mobile & Girard, and other divisions
It
also covers all leaseholds, securities, &c. V. 85, p. 605: V. 89, p. 777 ’
Collateral trust mortgage abstract was In V. 45, p. 242.
’
’
The Chattanooga Division mortgage Is a first lien on the former Chatta
nooga Rome <fc Southern RR., Carrollton, Ga., to Chattanooga, Tenn 138
roues, and Durham to Chickamauga, Ga., 17 miles, with branches, in all
reserved ' ®yb^eot t0 $ 3 4 3 , 0 0 0 581446 which a like amount of bonds Is
Upper Cahaba ‘Branch bonds are secured by coal lands In Northern Ala
bama. also by road Henry Ellen to Margaret, Ala. V. 81, p. 920, 1099.
PREFERENCE INCOMES.— These bonds, subject to the prior mort
gages, cover the main line and the former Savannah & Western, Columbus
« Rome, Montgomery & Eufaula, Mobile & Girard, Macon & Northern and
Savannah & Atlantic, and other railroads, and their equipment, Ac. They
are nun-cumulative and bear Interest not exceeding 5% In any one fiscal
year, but payable only out of earnings as declared. V. 81, p. 974, 1174.
BONDS
AND
R A ILW A Y S T O C K S
Oct. m l . ]
26
R A IL W A Y
RAILPOAD COMPANIES
[For abbreviali n$l Ac., see notes on first page]
STOCKS AN D
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
[V O L .
BO NDS.
Rate
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Central of Ga Ry— (Concluded) —
$1,000 $4,000,000 See text Oct 1 Nov 11945
1895
1st pref Incomes] Interest up to 5% f __________ lYlp
See
000 text Oct 1 Nov 1 1945
1895
1,000 7.000.
2d
do
do 1 gold If earned j __________ Ce
See
000 text Oct 1 Nov l 1945
1895
1,000 4.000.
3d
do
do J non-cumulative 1------------- Ala
5 g M A N May 1 1937
1887
1,000 4.840.000
Central RR A Bk coll tr bonds gold red at 110-Ce.c*
Various To Jan 1912
33.000
1905
1,000
444
Locomotive and car trusts payable 533,000 s-a-----c
459.000
1906
1,000
444 g F A A To Feb 1916
Equipment trust series H $51,000 s-a (V 82, p 217).
800.000
1906
1.000
444 g . T A J To July 1916
Equip trust series I $115,000 s-a (V 83, p 751) — GP
5 g M A S To Mch 1 1917
418.000
1907
1,000
do
do
series K $38,000 semi-annually-----650.000
5 g M A S Mch 11912
1907
50.000
Notes secured by Wadley Southern bonds-----------Guaranteed, Ac., Securities
5 g J A J July 1 1920
1.000.
000
1890
1,000
Ocean SS Co first mortgage gold guaranteed.-Ce.c*
J A J July 1911 2 44%
5
'53
100 1,022,900
Augusta A Sav annah stock (no bonded debt)------J A J July 1911 2 44%
333
100 5.191,100 . 5
Southwestern Railroad stock (no bonded debt)----J A J July l 1911 244
436,400
5
100
Chattahoochee A Gulf stock----------------------- - -
5 g J A J July 1 1930
325.000
'91 1900
1,000
First M gold $2,000,000 Int rental s f red at 102 44
M A N May 1 1953
117 1903
4g
1,000 1.500.000
Cent Indiana— 1st M $4,000,000 gu p A 1end.Cc.c* Ar
Central New England—
,,
.
12 1890
350.000 4 44 (6) g J A D June l 1940
1,000
Dutchess County R R — First mtge gold guar.. Ba.c*
149 1911 1.000 Ac 11.967.000
4 g J A J Jan 1 1961
C N E 1st‘M$25,000.000g gu redl05beg'21.Fxc* Ar*
Central Ohio—See Baltimore A Ohio
J A J 1934
1909
£200,000
5
£100
Central Ontario Ry— First mortgage £200,000--..--F A A Aug 1 1949
500 Ac 99.724.000
4g
Central Pacific— 1st ret M g gu p A 1 end. Ce.c* Ar 1.349 1899
500 Ac 14.497.000
3 44s $25,000,000 gold guar p A 1 end------ Us.c*Ar 1.349 1899
344 g J A D Aug 1 1929
103 1904 1.000 Ac 9.640.000
4 g A A O Oct 1 1954
Lucin cut-off 1st M $10,000,000 gu (text)-.0.0* Ar*
M A S Mch 1 1946
4
1911
500 fr 1200000,000
Bonds 250,000,000 francs guaranteed red jpar.-.lls
Central RR of Haiti— 1st M U S gold pay 105 at maJ
A D June 1 1919
800.000
1,000
6
g
1909
turlty or company's o p t i o n . . . . . . . . -----G
100 27,436.800 See text Q— F Nov 1 1911 2%
Central RR of N J—Stock ($30,000,000 authorized)...
1,0001 b45,091,000 I 5 g J A J July 1 1987
Central RR of N J gen M $50,000,000 gold_.--_Ce.rc A ll" 1887
Q—J July 1 1987
All
\ 5g
do
do
registered....... ............—
1887 500 Ac)
M A N Nov 1 1912
1,000 2.691.000
5
L A W B 5s of 1912 sk fd not guar (not drawn) FP.c*
1888
4 g J A D June l 1915-'50
1,000 16.996.000
L A W B eon M $20,000,000 serial g guar.-PeP.c*
1910
J A J July 1 1921
5
1,000 4.987.000
Am Dock A Imp Co 1st M guar redeem at 110---- e*
1881
1,000 2.500.000 4 A 5 g M A S Sept l 1941
'38 1891
N Y A L Br gen M g int gu Jointly ($192,000 5s)Ccc*
5 g J A J July 1 1920
1,000 1.062.000
Lehigh A IIuil RIv gen M gold guar Jointly...Ce.c*
1890
M A N May 1 1923
600,000
3
500 Ac
'31 1893
Central RR of Penn— 1st M $1,200,000 ext 1908.-FP
300.000
6 g J A J July 1 1921
1,000
40 1881
Central RR of South Carolina— First mtge gold....... c
J
A J Jan 1 1926
6
g
150.000
500
7 1906
Cent Ry of So Car— First M $150,000 g gu rod-----CP
b Includes $1,167,0 00 In trea sury July 1911.
Die. ( % )- ’96. ’97. '98. ’99. '00. ’01. ’02. ’03. ’04. ’05-’07. ’08-’ 10. ’ l l .
1st Incomes 1W 2 K 2
2 3 If 5
3
5
5 5 yly.
Below 6
2d Incomes. 0 0 0 0 0 0 0 0 2
5 yly.
Below 5
3 d Incomes.
0
0 0 0 0 0 0 0 0
5 yly. Belowl.458
In Oct. 1907 the holders of $2,498,000 second preference and $1,350,000
third preference Income bonds had deposited their bonds with a committee
(Jos. S. Dale, 52 William St., N. Y „ See.). V. 85, p. 529, 605, 653, 721.
792; V. 87, p. 1477; V. 88, p. 1436; V. 89, p. 592. Majority of first Incomes
also deposited with a committee (Metropolitan Tr. Co. of N. .Y, depositary;
Jos. S. Dale, Sec.). V. 87. p. 740, 1418. The Supreme Court of Georgia
on Dec. 14 1910, having held the company liable for full Interest on the
3 classes of Income bonds from earnings of 1906-07, the bal. of 1.271%
on 2d pref. Incomes not paid In Oct. 1907 and the 5% on the 3d pref. Incomes
were paid Feb. 6 1911; V. 92, p. 185; V. 91, p. 1628. In Nov. 1909 suit
was brought to recover full Income Int. on the 3 classes of bonds from earns,
of 1907-08. V. 89, p. 1346. In June 1911 the company paid the full int.
on the first Incomes for the fiscal year 1908 and 2.821% on the seconds, and
for 1909 and 1910 2.312% each on 1st Incomes. V. 92, p. 1309, lo63, 1635;
V 93 n 43 675.
LATEST EARNINGS.— (1911........ Gross, $2,025,907; net, 5478,271
2 mos„ July 1 to Aug. 31.11910........ Gross, 1,991,844; net, 554,503
REPORT.— For 1910-11 at length in V. 93, p. 663. 674.
; ' ' '
Year ending June 30—
1910-11.
1909-10.
1908;09.
Operating revenues.......................... $12,907,788 512.0o2.7o6 $11,155,182
9,020,093
8,474,910
7,86-,0 56
Operating expenses________________
Net operating revenues..................$3,887,695
Operating Income (after taxes)------- $3,40o.42b
Other Income....................................
768,874
53,577,846 $3,293,146
$3,106,998 52,866,867
739.182
720,6o6
Total Incom e................................ $4,174,300
Interest on funded debt, Ac________ 1,927,956
523,604
Rentals and miscellaneous_________
Betterments (Including reserve)........ 1,147,307
Tax settlement (prior to July 1 1908).
-------
$3,837,180 $3,587,523
$1,959,556 $1,977,844
558,285
1,318,123
§?Z’ -82
-------213,502
Balance_______ .
. ________ sur.$575,433 sur,$1,216 sur.52,661
The dividends on the Income bonds declared payable from the earnings
of the year 1910-11 call for $608,320, leaving a net Income deficit of $32,472
after adding a p. A l. credit of $415. See report, V. 93, p. 663, 675.
OFFICERS — Pres., Charles II. Markham, Atlanta, Ga. Directors.
July 1909, V. 87, p. 1009; V. 89, p. 162.— (V. 93, p. 683, 674, 870.)
CFNTRAL INDIANA RY.— Muncle to Brazil, Ind., 127 miles, of which
10 m'. trackage. V. 76, p. 653. Controlled by Clev. Cln. Chic. A St. Louis
and Penn. RR. Interests. Bonds, guaranteed by Clev. Cln. Chic. A St. L.,
are limited to $20,000 per mile; outstanding, $1,500,000. V. 77, p. 517.
2279; V. 78, p. 1906, 1961. Stock auth., $120,000. Calendar year 1910,
gross, $178,605; dcf. under oper. exp./ $32,810: charges, $76,822; bal.,
dcf., $109,632. Pres., Joseph Robinson.— (V. 78. p. 1906. 1961.)
CENTRAL NEW ENGLAND RY.— Owns from Campbell Hall, crossing
the Hudson River at Poughkeepsie by Its own bridge, to Silvernalls, 43 m.;
Poughkeepsie, N. Y., to Hopewell, 12 m.; Dutchess Jet., N. Y., to State
line,'59 m.; Poughkeepsie, N. Y., to Boston Corners, 35 m.: total owned,
149 m ; and leases and controls Hartford A Conn. Western RR., Hartford
to Rhineclllf, 110 m.; Tarlffvllle. Conn., to Agawam Jet., Mass., 14 m.;
WIcopee Jet., N. Y., to Flshklll Landing, N. Y., 2 m.: Agawam Jet. to
Springfield. Mass., 3 m.; total, 278 miles. V. 89, p. 918.
O RG ANIZATIO N.— On June 30 1911 the N. Y . N. II. A II. RR. owned
$3,702,583 pref. and $4,751,204 com. stock. V. 85, p. 404, 858; V. 89,
p. 469: V. 90, p. 1238, 1296, 1489; V. 91, p. 153. 390, 870.
STOCK.— Common, $4,800,000; pref., 4%, $3,750,000; par, $100.
BONDS.— The 1st guaranteed 5s of 1911 ($25,000,000 auth. Issue) are a
first lien on 137 miles of road and the Poughkeepsie Bridge. Of the bonds
$11,967,000 were sold to retire outstanding bonds and notes, thcrcmalnder.
except $350,000 reserved for Dutchess Co. bonds, being set aside for not
exceeding 75% of the cost of extensions, additions and Improvements.
V. 92, p. 1374, 1635. Dividend on Incomes, 4% for fiscal year 1908-09.
paid Oct. 1 1909; Oct. 1910 and 1911, 5%. V. 93, p. 666.
EARNINGS.— 12 mos., f 1910-11___ Gross, $3,218,255; net, $1,319,539
July 1 to June 30.
11909-10---- Gross, 3,022,720; net, 1,289,487
For 10 mos. ending Apr. 30 1911, net, $1,081,632, agst. $1,086,499 In
1909-10' accrued taxes, $130,000; other Income, $51,239; charges, $732,315;
bal., sur., $270,556. V. 92, p. 1635.
12 Mos. end. June 30.— Gross.
Net.
Other Inc. Charges. Balance.
1909-10
$3,022,720 $1,184,613 $63,186 $832,918 $414,881
1908-091111111.......... 2,530.213
854,013 56,849 790,797 120,065
OFFICERS.— C. S. Mellen of New Haven, Prcsq A. S. May, Treas., and
Arthur E. Clark, Sec.— (V. 92, p. 1178, 1374, 1635; V. 93, p. 666.)
CENTRAL ONTARIO RY.— Sec Canadian Northern Ontario Ry.
CENTRAL PACIFIC RY.— (See Map o f Southern Pacific.)
Miles.
Lines Owned—
Miles.
.
33
Branches to San Jose Ac.
San Francisco, Cal., to near
Leased, Ac.—
Ogden, Utah_..............
871
86
Lathrop, Cal., to Goshen, Cal. 146 Weed to Klamath Falls (leased)
Into Ogden, Ac. (trackage)—
14
Roseville Junction, Cal., to Ore
gon State line___________ 297
,
Umbria to C ecil..-................ 103
Total...............- ...................1.550
O RG ANIZATIO N.— Incorporated In Utah In July 1899 as successor of
the railroad under the plan of readjustment In V. 68, p. 378.
STOCK.— (1) Common Slock. $67,275,500, all held by Southern Pac. Co.
(2) Preferred slock, 4% cumulative, authorized Issue $20,000,000, to be
delivered to Southern Pac. Co. In consideration of Issue of equal amount of
Southern Pac. Co. 4% coll, trust gold bonds; of which delivered on com
pletion of readjustment $12,600,000; Issued for Improvements, $4,400,000:
reserved to be delivered for Improvements and additions at not over
$800,000 yearly, $3,000,000; outstanding, $17,000,000.
LXXXXIII
Guar Tr Co,N Y or Savan
do
do
do
do
Guaranty Trust Co, N Y
Blair A Co, New York
do
do
Kountze Bros, New York
do
do
Guaranty Trust Co, N Y
Guaranty Trust Co, N Y
Savannah, Ga
Savannah and Macon
Savannah, Ga
Cltlzens’Bk,Savannah, Ga
Central Trust Co, N Y
Fid I T A S D Co, Phlla
New York
Bank of Montreal, Lond
120 Broadway,New York
do
do
do
do
London, Paris, Belg, Ao
Co’s office, 25 Broad St
Office 143 Liberty St,NY
Liberty Nat Bank, N Y
Check from Treas. Office
Liberty Nat Bank, N Y
do
do
do
do
do
do
Irving Nat Ex Bk, N Y
Fidelity Trust Co, Phlla
Bankers Trust Co, N Y
Colonial Trust Co, PIttsb
DIVIDENDS.— On pref., 4% yearly to 1910, Inclusive. On common, In
1906-07, 6%: In 1907-08, 6%; In 1908-09, 0%: In 1909-10. 6%.
BONDS.— First refunding mtge. gold 4s, *100.000.000. V. 69, p. 808.
and V. 70. p. 739; V. 78, p. 228; V. 87, p. 225, 285, 479; V. 88, p. 52.
Thirty-year gold 3 44s, $25,000,000, scoured by a second lien upon all the
properties covered by the 1st ref. mtge. and also by deposit with the trus
tees, as acquired, of all securities and moneys held
*UP.,
Central Paclfio Ry., consisting July 1 1910 of $8,446,470 In securities and
$85 cash, and by a trust deed upon all the lands covered by the mtge. dated
Oct. 1 1870. See Mortgage Abstract, V. 69, p. 858: also see p. 8ol. l'rom
the proceeds of these sinking funds and land sales cancellation of bonds are
made from time to time; In Feb. 1900 $2,505,000 3 44s were canceled and
to April 1911 $7,998,000 additional had been canceled, reducing those out
standing to $14,497,000. V. 70, p. 739, 1194.
.
The 4% guar, bonds on the Lucln cut-ofl are redeemable at 107 44 on
any Int. day since Oct. 1909, V. 79. p. 1641. Guaranty, V. 80, P-162.
In Feb. 1911 the sale was arranged In France of 2o0,000,000 francs 4%
35-year coll, trust bonds, guaranteed by the Southern 1 aclfio Co (the latter
pledging as security for the guaranty part of Its Interest In affiliated com
panies, notably the Southern Pacific RR.), the proceeds to be used for
double-tracking and other Improvements. V. 92, p. 593, 794.
LAND GRANT.— Total land grant was about 12 ,0 0 0 ,0 0 0 acres, of which
about 7,486,478 acres unsold June 30 1910. Sales In 1909-10, ;>8,802 acres.
Land contracts, July 1 1910— prln., $234,782; aver, price per acre $5 69.
For 5 mos. ending Nov. 30 1910, gross, $16,120,111; not, 57,38o,64l:
fixed and other charges, $3,030,419: bal., sur., $4,355,222. V. 9_. d . ..(>().
REPORT.— Year ending June 30 1910, gross. $35,020,435; net, $15,213.
436: other Income, $868,140: Int., taxes, sink, funds, Ac., 57,370,039: dlv.
on pref. stock (4%), $556,000: dlv. on com. stock (6%). $4,036,530: bal..
sur., $4,118,507, of which payable to Sou. Pao. Co. under terms of lease,
SI.804.825, leaving $2.313,782.— (V. 88, p. 260, 593: V. 92, p. 794.)
CENTRA I RR OF H A ITI.— Incorporated under the laws of the State of
New York Moh. 19 1909. Stock auth., 51,450,000, as Increased Aug. 1910:
outstanding, $1,400,000 (shares $100 each). Took over the following cor
porations bv purchase of all their assets: (1) The I lalne du Cul de Sac RR.
Co. of Haiti, a 61-mile road. tncl. 16 miles building; (2) the Port-au-Prince
Wharf Co., all the stock ami bonds of the former and the bonds ottn e latter
having been pledged to secure the bond Issue (limited to $800,000).
The above-mentioned collateral securities carry with them a guaranty on
the part of the Government of the Republic of Haiti for the payment of an
annual subsidy of 541,280, U. S. gold coin, for which guaranty 20% of the
Government’s revenues from the duties on cocoa anil logwood are pledged,
which total revenues exceed by about 10 times the amount of this guaranty.
V. 89, p. 162. N. Y. office, 25 Broad S t — (V. 91. p. 276.)
CFNTR VL RR OF NEW JE R S EY . — (See Map Pending System.)— Oper
ates from Jersev City, opposite New York City, westerly to Wilkes-Barre
and Scranton Pa. and the neighboring anthracite coal fields; also southerly
to the seashore resorts of New Jersey and to the Delaware River.
• See this company.
Miles.
Lines Owned in Fee—
Miles.
Jersey City to Phllllpsburg--------- 72 Nesquchonlng Valley * _________ 17
Lehigh & Susquehanna, PhllllpsSundry branches-------------------burg to Union Jet., Ac_______ 171
Entire Stock Owned—
Wilkes-Barre A Scranton * _____ 5
New York A Long Branch RR.,
9
Perth Amboy to Day Head— 38 Other lines_____________________
Trackage
New Jersey Southern RR., Long
Branch to Atslon, Ac------------ 76 Union Coal R R _________________ 16
Other lines (no debt)------------ 147 Allentown Term, (oper.Jointly)-- 3
Other trackage__________________ 23
Leased (Mostly for 999 Years) —
Dover A Rockaway R R ---------- 5
Total operated July 1911------ 672
Ogden Mine RR * --------There arc 263 miles of 2d. 41 miles of 3d and 30 miles of 4 tracks.
H ISTO RY.— Reorganized in 1887 without foreclosure—sec plan V. 44. p.
714, 716. Concerning coal properties, see Lehigh A Wilkes-Barre Coal Co.
and Lehigh Coal A Navigation In '‘Miscellaneous.’’ In 1901 Reading Co
acquired 514,504,000 stock. V. 72, p. 86, 136, 241, 391. 721. In fiscal
year 1909-10 sold $1,560,000 Lehigh Valley stock.
DIVS.— 1 ’91. ’92 to ’94. ’95. ’96. ’97. '98. ’99. ’00. ’01. 1902toNov’ l l
Per cent I 6 44 7 yearly 5 4 4 5 4 ) 4 4
4
5
5
8 yearly (Q -F).
AlsS special dividends of 2% each on Dec. 15 1909. June 25 anil Dec 29
1910 and June 26 1911. from proceeds of 6 44 % dlvs. each on Lehigh A
Wilkes-Barre Coal Co. stock owned. V. 89, p. 1410; V. 90, p. 1612.
BONDS.— For general mortgage abstract, see V. 45, P. 402.
The $20,000,000 Lehigh A Wilkes-Barre consol, serial 4s are guar. prln.
and Int., anil mature $2,500,000 every 5 years beginning June 1 1915;
$16,996,000 have been sold, $2,691,000 are reserved to retire the os due
Nov. 1 1912. V. 90, p. 1296, 976.
Equipment Mortgage 4s; Interest at Liberty National Bank, N. Y. City.
($1,000 each).
Date. Interest. Outstanding. Instal. of Prtn. due Y’ly.
$259,000 Last— May 1 1912.
Scr. B ...................... 1902 4% Var.
700,000 $350,000 to Apr. 1 1913
Ser. C...................... 1903 4% A AO
EARNINGS.— For 2 months ending Aug. 31:
Charges.
Bal., Sur.
Two Months.
Gross.
Net.
$1,038,308 $1,058,290
1911 ....... .................. $4,912,430 $2,096,598
1,051,910
937,499
1910 ........................... 4,810.607
1,989.409
report for 1910-11
was In V. 931 p. 869.
AN NU AL REPORT. ■The
..................lm
n
.
ft
----------1908-09.
Earninns from—
1010-11.
1909-10.
__
Merchandise
........................... $10,071,568 $10,031,985 $8,422,597
Coal
' '
............. 8,670,882
8,045.097
8,166.369
Passengers'....................................... 4,762,918 4,523,023
4,253,920
Malt, express, &0 . ........................... 1,293,866 1.250,806
1,225,392
Total operating revenue__________ $24,799,234 $23,851,511 $22,068,278
M A P OP THE
Vfiint
i
§§il§
x%S^r^ichi"air Elkhart
CHESAPEAKE & OHIO
RAILWAY
Mauch
SYSTEM
\Schunk
le v e le d
-2it.r. 1
'^Easton i
7 \KahkakceXv"
Annevp
.lliance
-hclbv.
I T '\ S h e ld o n
A-
fWubasli
Jollmr
RAILWAY STOCKS AND BONDS.
lokomo
Ll.Vwnnn}
lAw/nt
H a rtfo rd "
X; An
Westfield
LosantvlU!
[ratvfoids V
New CastlC X
X
VButler.
lllwiiiewo'hd
J
/Galnm
.R e a d in j
Hurftington
JrtARU
,NEWAR
O'RENT O!
H o llld a y s p u r g
Steubej
Corhocton,
Bridge!
yCambridgo
\ - f P ioua
'Wheeling
plalre \
itawn
lounds V.
fprihg'nS®
laahasttsN,
Circlevltle
jlatlW®
Uute
>
t
C o lu m b u s Y\
<X/areeusbu rgvTyt
Clarksburg
I lills b o r i
■ Sardinia
'ashington
Ae$l
r.iH; A-
arrison^
Is
/
d
JACKSON %
GAUL! PjOLI S'
Acxand
Weston
1LCASANT
Buckhi
Salisbury
iMitcbell
yansvillA. o
O «OCK§&Rft5
.cameras?
/Owensboro
°n
Norton/V*.
Lebanon]
^Centfal Cy.
GreeAsburg^^X
Glasgow Jo.
E lrd n g s to m
E
,. Burkevilie;
Saitrille
Corbin
fClaBCsvdlle
lanvi|ls.
PineviUe*
Scottsvliie
[Montro;
Erfstol
OCT.. 1911.]
Gallatin
Oxford
mesboro
Robbins
Lebanon
itesville
Dechert
Durham?
Carey'
Salisbury
Spring city'
Asheville'
Llnco'nton
Gastonia
Cleveland/
Halifax
Edentoi
Ken<WT
"Winston
ia s h .v il l e .
Columbia.
rgSPSk
KeysvlUo<p '
SLctafon
Memphis JCv/^^ba-,. >.
' ° Glasgow
khssellvllle'
^ ^ ^ r A d a ir iln e l
JROSNE1,
i &J
f.s’
* 8 dirchf,EL£
\ •PocahoataJ"
Jackson
ft'
.Charloita
Sanford'
F a y e t t e v i l le 1
I SbarpsDurgj
Jamesville
O.E1GH
'Wilson
Smithflcld
toldsboro]
28
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page.]
STOCKS AN D
Miles Date
Road Bonds
Par
Value
Central Vermont— Stock $3,000,000_______________
$100
First M $12,000,000 gold traffic guar......... AB.cS
All
1899 1,000 Ac
Car trusts $15,000 or $16,000 due quarterly_____
1905
1,000
Locomotive trusts $20,000 due yearly (V 83 p 751).
1906
Car trusts $13,000 or $14,000 due semi-annually__
1907
1,000
Montreal & Province Line Ry 1st M guar p A I___ c
40.6 1900
100 Ac
C V Trans IstM g gu pAI $12,000or$13,000due s-aBa
. . . 1909
1,000
Charleston & Savannah—See Atlantic Coast Lino R R .
Charleston Terminal— FirstM $1,000,000 gold.S.c* Ar
1903 1,000 Ac
Charleston Un Sta— 1st M$400,000 g gu(tcxt) .Eqc* Ar
1907 1,000 Ac
Charleston A West Car—IstM g($8,000 p m)-Cc.o*Ar
340 1896
1,000
Income mtge gold non-cum ($7,000 per mile)_ -G.c*
1896
1,000
Augusta Terminal Ry 1st M gold guar p A 1end-.Cc
1897
1.000
Charlotte Monroe & Columbia— First M $70,000 gold
18 1902
1,000
Charlotte Columbia & Augusta—Sec Southern Ry
Charticrs—See Plttsb Cincinnati Chicago & St Louis
Chat & Lake Placid—Sar & Lake Placid 1st M g_Ce.c
10 1893
1,000
8 1896
Chattahoochee Valley— C V RR first mortgage_____
Consolidated mortgage $110,000_______________AB
24 44 1900
1.000
Chattanooga Stat— 1st M 51,000,000 g gu(text)Ta.cAr
1907 1,000 Ac
Cherryvalc Oklahoma & Texas Ry— (See V 91 p 870)
Chesapeake Beach— First mtge sec V 81 p 974-.N.C*
34 1898
1,000
__
Chesapeake & Ohio—Stock (5100,000,000 authorized)
100
Terminal 1st M 1922 covering S m to Phoebus g_.c*
10 18S2
500 Ac
First consol mtge tor $30,000,000 gold___ Ce.c*Ar
697 1889
1,000
Rich A All Dlv 1st & 2d Ms ($1,000,000 2ds)_Ce.c*
242 1890
1,000
Craig Valley Branch first mortgage gold_____ Ce.c*
26 1890
1.000
Warm Springs Branch first mortgage gold___ Ce.c*
25 1891
1,000
General mortgage (tor $70,009,000 Ac) gold__ Ce.c* 1,395 1892
1,000
Paint Creek Branch 1st M $750,000 gold____ Ce.c*
23 1905
1,000
Kineon Coal mtge assumed redeem since Oct 19051901
500 Ac
Greenbrler Ry 1st M 53,000,000 g assumed__ Ta.c*
101 1900
1,000
Coal River 1st M gold assumed................... Ce.c*
77 1905
1,000
Big Sandy Ry first mtge $5,000,000 gold i__ Cc.c*
1,000
86 1904
Potts Cr Br 1st M $1,000,000 auth(V83,p 693)Ce.c*
1,000
20 1906
Raleigh & Southvv 1st M $1,500,000 g assumed. _Ce
1" 1906
1,000
Gen fd & imp M $30,000,000 red 107H-Usm.xc* Ar* 1,625 1909 1,000 Ac
__ 1910 1,000 Ac
; Convert g bonds 537,200,000 red text Usm.xc*Ar*
New mtge $125,000,000to be authorized_____ ____
1911
Notes gold secured by dep of bonds, $25,000,000.1. . . 1911
1910-11.
1909-10.
1908-09.
Net earnings.................................... $10,60 >,239$10,583,028 $9,507,761
Other income_____________
2,546,482 4,609,192 1,427,453
•Total net income......................... $13,146,721$15,192,220" $10,935,214
Interest on d e b t............................... $2,69/,753 $2,746,083 $2,834,434
Rentals p a id ....................................
2,531,186 2,167,314 2,495,020
T axes......... .........
769,681 1,174,924
1,067,772
Renewal funds. Ac........................
3,000,000 4,000,000 2,000.000
Dividends .........................................(12)3,292,416(12)3292416 (8)2,194,000
Balance, surplus....... ...................
$855,685 $1,811,483
$343,044
— (V. 90, p. 1296, 1612, 1675; V. 91. p. 93. 790, 864,1710; V. 93, p.795, 869.)
C EN TR AL R R. OF P E N N S YL V A N IA . — Owns Bellefonte (Penn. RR.)
C EN TR AL RR .- OF SOUTH C A R O LI N A . — Owns from Lanes, S. C., to
Sumter, S. C., 40.2 miles; spurs. Ac., 1.61 m.; total, 41.81 m. Leased to
Atlantic Coaat Line RR.; rental, $31,000 yearly and taxes. Stock, $170,
000; par, 550. In 1909-10, rental, $31,000; general expenses, $255; lnt.,
$18,000; divs. (7.8%), $13,260; balance, dellcit, $515.— (V. 64, p. 887.)
CENTRAL RY. OF C A N A D A — V. 93, p. 345, 730.
CENTRAL RY. OF SOUTH CAROLINA.— (V. 82. p. 927.)
CEN TR AL VERMONT R Y . — Operates from Rouse’s Point, at north end
of Lake Champlain, to New London, Conn., with branches, 536 miles In all,
of which 160 miles leased, viz.: New London A Northern (see that co.), 121
miles; Montvllle Branch, 3; West River RR., 36 m. V. 68, p. 1076.
SECURITIES, Ac — The Grand Trunk Ry. holds $2,185,100 of the $3,
000,000 stock, and under a traffic contract will make good any deficiency
In earnings to meet interest on the new firsts up to 30% of Grand Trunk
gross receipts from traffic Interchanged. Form of guaranty, V. 85. p. 2S3.
Central Vermont Transportation guaranteed 5% bonds, V. 88, p. 1252.
EARNINGS.— 2mos.,J191l_______ Gross, $733,310; net, $201,650
623,815; net,
132,887
July 1 to Aug. 31. U910 ._ ___ Gross,
REPO RT.— For year ending June 30 1910, V. 91, p. 1324.
Year.
Gross.
Net. Other Inc. Charges. Impts.,&c. Bal.,Sur.
1910-11--54,337,644 $1,081,383
______ $991,'32
______
$96,251
1909-10. - 4,088,411 872,355
42,789
827,739
62,631
24,774
1908-09.. 3,795,332 822,505
32,108 821,221
30.275
3,117
OFFICERS.-—Chairman, Charles M. Hays; Pres., E. 11. Fltzhugh; Clerk
andTreas., W. H. Chalice, St. Albans, Vt.— (V. 89, p. 1223; V. 91, p. 1253,
1324; V. 93. p. 286.)
CHARLESTON T E RM IN A L CO. — ROAD.— Owns terminal road In
Charleston, S. G., 5.02 miles; track laid with 60-lb. steel.
Company also owns 14 wharves, 30 warehouses, about 30 acres of land,
4 cotton compresses, &o., on the city's water front, these being connected
by It's own road with the other railroads entering the city. V.77. p. 298,
148. Stock, $200,000, owned jointly by Atlantic Coast Line RR. and
Southern Ry., which agree to make good any deficiency In Interest on oonds.
EARNING S.— Gross, year ending June 30 1910, $225,461; net Income
$91,038; lnt. and taxes, $46,273; bal., sur., $44,765.— (V. 77, p. 146.)
CHARLESTON UNION STATION CO. — Owns passenger station at
Charleston, S. C., used by Atlantic Coast Line and Southern Ry., which each
owns one-half the stock and guarantees the bonds, p. & 1., by endorsement.
Rental covers Interest on bonds and 4% on stock. V. 84, p. 50.
a CHARLESTON & WESTERN CAROL INA R Y — Port Royal, S. C „ via
Augusta, Gn., to Spartanburg, S. C., 245 m.; branches to Anderson and
Greenville, S. C., 94 m.; leased, 2 m.; total, 340 m. Entire stock and por
tion of Incomes owned by Atl. Coast Line Co. V. 06, p. 38, 335. Dlv. on
Incomes, 2% 1903-04, 3% 1904-05. 5% 1905-06: none since to Oct. 1910.
STOCK.— $1,200,000; par, $100. See Augusta Term. Ry. V. 66, p. 383.
EARNING S.— 12 mos.,11910-11______Gross, $1,934,200; net, $583,168
July 1 to June 30.
\1909-10______Gross, 1,570,432; net, 398.201
REP.9 ^ T ’ ™ For ycar entl|ne June 30 1910, gross, $1,570,432; net, after
taxes, $398,202; other income, $32,935; Interest on bonds. $172,000: rentals
and other charges, $21,923; bal., sur., $237,214. Pres., J. B. Cleveland,
Spartanburg, S. C.; Sec., R. D. Cronly, Petersburg, Va.— (V. 73. p. 1207.)
CHARLOTTE MONROE & COLUMBIA RR.— Owns McBcc, S. C., to
Jefferson, 18 miles. In Nov. 1909 Ohio parties secured control. Stock,
$48,080; par, $100. Year ending June 30 1910, gross, $15,908; net, $7,808;
lnt. and taxes, $4,281; bal., sur., $3,527. Pres., Loran A. Kerr: Sec. and
Treas., W. S. Blakeney. Office, McBee, S. C.— (V. 89, p. 1346.)
CH AT E A UG AY & LA KE PLA CI D R Y . — (See Map Del. & Hudson.) —
Operates from Plattsburg, N. Y., to Lake Placid, 80 miles, of which Plattsburg to Dannemora, 16 m.. Is leased at nominal rental from State of N. Y.
Stock, $3,450,000, of which $3,000,000 Is 4% pref., the latter all owned
by D. & II. V. 84, p. 50. Leased to the Delaware & Hudson until Dec. 31
2403, any balance over expenses of operation, Interest, taxes, maintenance,
damages, dividend on pref. stock, Ac., to go to the lessor. The lease Is
subject to revision at 5-year Intervals. There are also $24,000 Saranac A
Lake Placid 2d 5s due Nov. 1 1913.— (V. 81. p. 613; V. 84, p. 50, 930.)
CHATTAHOOCHEE & GULF R R .— Columbia, Ala., to Floralla. 92 m.
LEASE.— Leased In 1900 In perpetuity to Cent, ot Georgia Ry. for 6% on
$436,400 stock and $325,000 bonds, of which 1% to be used as a sinking
fund for retirement of bonds, upon completion of which rental will be 5% on
stock, payable J-J. See Cent, of Ga. Ry.— (V. 81, p. 1722; V. 87, p. 1663.)
CHATTAHOOCHEE V A LL E Y R Y . — Standing Rock. Ga., via W. Point,
to Jester, Ala., 32.5 m. Stock auth., 31,000.000: issued, $110,000: par,
$100. Bonds, sec table above. For year ending June 30 1911, gross. $98,
793; net, after taxes, $27,910. In 1909-10, gross, $97,749.
CHATTANOOGA SOUTHERN R R .— See Tennessee Alabama & Ga. RR.
CHATTANOOGA STATION CO. — Owns union passenger station opened
Deo. 1 1909 and approaches at Chattanooga, Tenn., used by the Southern
Ry., Central of Georgia, Alabama Great Southern and Cln. N. O. A Texas
Pacific, which each owns one-fourth of the stock and guarantees the bonds
Amount
Outstanding
BONDS.
Rate
%
[V O L . L X X X X I I I .
When
Payable
$3,000,000
10.732,000
217,000
100,000
148,000
200.000
237.000
$2,185,
4g
4 yi
4H
4X
4g
5g
800.000
250,000
2,720,000
2,380,000
600,000
70,000
4g
4g
5g
5
6g
5g
100 held by Grand Trun k Ry ©t Canada
Q— F May 1 1920
Blair A Co, N Y A Bost
Q— M Dec 'll-M ch ’ 15 Blair A Co, New York
Q— F Nov 1911-1916 Royal Trust Co, Montreal
A A O Apr '12-Apr ’ 17
A A O Get 1 1950
Amer I, A Tr Co, Boston
M A N15 May’ 12-May ’21 Bankers Trust Co, N Y
,J
J
A
A
A
A
Oct
A A
A A
120,000 5 (6) g
50,OIK)
6
60,000
5
1,000,000
4g
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
,TJuly
J Jan
O Oct
Oct
O Apr
O Oct
M A N Nov
J A J July
J A J15 July
J A J Jan
l 1953
1 1937
1 1946
1 1946
1 1947
1 1932
Standard Trust Co, N Y
Equitable Trust Co, N Y
Central Trust Co, N Y
Guar Tr, N Y, If earned
Central Trust Co, N Y
Rich T & S D Co Rich, Va
1 1913
15 1916
15 1920
1 1957
32 Nassau St, New York
State Trust Co, Boston
Amer Trust Co, Bostou
Trust Co ot America, N Y
1.000,000
5 g J & J July 1 1923
In default
62,795,900 See text. Q— M ■lept 30 ’ l l l ) i Office, 71 Broadway. NY
142,000
6 g •T A D June 1 1922
29,858.000
M A N May 1 1939
do
do
5g
do
7,000,000
do
4 g J A J Jan 1 1989
do
do
650,000
5 g J A J July 1 1940
400,000
do
do
5 g M A 8 Mch l 1941
do
47,753.000
do
4 M ? M A 8 Mch 1 1992
539,000
do
do
4 g F A A Feb 1 1945
Cent Tr & S Dep Co Cln O
200,000
A A O Oct l 1915
5g
M A N Nov 1 1940
1,882,000
4g
do
do
2,421,000
4 g J A 1) June 1 1945
4 g J A D June 1 1944
4,666,000
do
do
600,000
do
4 g J A J July 1 1946
do
750,000
4 g J A J July 1 1936
do
do
11,000,000
5 g .1 A J Jan 1 1929
do
do
31,390,000
,'1 B’way.N Y
4)4 g F A A Feb 1 1930
16,000,000
gJ
A
DjJune 1 1914
do
do
jointly and severally, p. A 1., by endorsement, Rental covers bond Interest
and 4% on stock.— (V. 84, p. 50.)
C HES AP EAK E & OHIO R Y . — (See M ap.)— Operates from Newport
News, Va., and Wash., 1). C., to Cln., O.. and Loulsv., Ky., with branches.
Lines owned in fee—
Miles.'
~Controlled
.....................
.....
bg stock—
Allies.
Ft.Monroe,Va.,toCovIngton,Ky. 663 Bridge— Covlngton-Clncinnatl .
2
Richmond via Lynchburg, to
30
Virginia Air Line_______
Clifton Forge, Va.............
230 Ches. Jc Ohio Ry. of Indiana- _ 284
Branches In Va. and W. Va__ 542
Lines leased—
Denton, Ky., to Lexington___ 103 Sundry branches leased_______
21
Big Sandy Jet. to Ellchorn City,
Trackage to Louisville________
84
with branch....... .............
128 Trackage to Washington, D. C.
85
Branches In Kentucky________
55 Other trackage.......................
31
Second track ( i20 owned)_____ 508
Total system June 30 1911--2.258
Also controls Hocking Valley. 350 m.. and Kanawha A Mich. (Jointly
with Lake Shore), 17(5 m.; also owns one-sixth lnt. In Uichm’d-Wash. Co.
HISTO RY, Ac.— In 1888 reorganize without foreclosure. The stock
holders voted Oct. 19 1909 to purchase the Coal River, Italclgh A South
western and Virginia Air Line railways. V. 89, p. 720. In Jan. 1909 a
syndicate headed by Edwin Hawley acquired about $24,000,000 stock,
giving them virtual control. V. 88, p. 294. Owns $8,825,800 of the
311,000,000 Hocking Valley common stock. Including 56,347,800 acquired
In Mch. 1910; also $4,027,100 of the $9,000,000 Kanawha A Michigan stock,
the Lake Shore purchasing the same amount. V. 90, p. 771, 849, 977:
V. 91. p. 802, 1095; V. 92, p. 1700. In June 1910 the Chic. Cln. A Lou.
(284 m., Incl. 18 miles trackage) was acquired at foreclosure, the Ches. A
Ohio Ry. of Indiana being ineorp. in July 1910 to take over the road; 34,
998.800 stock and $5,279,000 bonds are owned and held In treasury of Ches.
A Ohio Ry. The earnings of the Indiana co. are Included with C. A O.
since July 1 1910. V. 90, p. 1675; V. 91, |> . 93, 214, 802.
STOCK.— Authorized stock was Increased to $100,000,000 April 28 1910,
ot which $37,209,000 was reserved for conversion of 4)4s. See BONDS.
DIVIDENDS.— 1899 to 1908, both Incl., 1% yearly: la 1909, 3% ; 1910,
Mch.. 4
1911, Mch., I '.,'%; June, 1 V „ : Sept., 1 ’ (% .
BONDS.— Abstract of consol, mtge. of 1939 in V. 49, p. 147; V. 86, p.
1588: V. 92, p. 260; of Richmond A Allegheny intges., in V. 51, p. 144.
The general mortgage of 1892 (Central Trust Co. and H. T. YVickham.
trustees) Is for $70,900,000, but additional amounts at $25,000 per mile may
be Issued for double-tracking. See full abstract of mortgage In V. 54, p.
644. In July 1911 $31,131.000 was reserved to retire underlying bonds.
General funding and Improvement mortgage, see V. 87, p. 1663; V
8S, p. 99, 157, 1312.
The stockholders voted April 28 1910 to authorize an Issue of $37,200,000
20-year 4)4% convertible gold bonds, of which $31,399,000 has been sold,
to provide for purchase of majority stock of Hocking Valley Ry., half
interest in majorltv stock of the Kanawha A Michigan, equipment. Improve
ments, working capital, Ac. The bonds are redeemable after 1915 at 102 H.
and convertible at par. at the option of the holder. Into stock between
May 11911 and Feb. 1 1920. The new mortgage authorized April 29
1911 will, as to lines owned In 1919, secure equally the convertible 4}4s.
V. 90, p. 771, 818; V. 91, p. 870, 945, 1159, 1574.
The shareholders on April 29 1911 authorized a new mortgage to se
cure an Issue of not exceeding $125,990,000 29-year gold bonds, bearing
Interest at rates not to exceed 5%. The new bonds will provide for exten
sions and Improvements and the retirement of certain equipment and other
obligations, Including the $11,000,009 "general funding and Improvement"
bonds and for other corporate purposes. It will be a first lien on certain
securities now In the treasury, Including all of the bonds and stock of the
Ches. A Ohio Ry. of Indiana, owning 261.7 miles of road: a general lien
(subject to prior Hens and upon a parity with the.convertible bonds on the
lines owned April 28 1910) upon the property now owned and become a Hen
upon any property acquired by the use of the now bonds. V. 92, p. 880.
The 3-year 414% notes (525,099,900 auth. Issue) are to be scoured by
above new bonds taken at 8714; In Apr. 1911 a block of the noteswassold,
secured by $18,300,000 of the bonds. V . 92, p. 1178.
Louisville A Jeffersonville Bridge.—See separate statement for that co.
Ot the Greenbrier Ily. 4s of 1909, guaranteed prln. and lnt., and assumed
In 1903-04, $1,000,000 arc reserved for extensions and Improvements. See
guaranty, V. 72, p. 626; see also V. 71, p. 554, 602; V. 79, p. 915. Of the
Big Sandy 4s ot 1904, remaining $229,000 Is reserved for extensions. V. 79,
p. 917; V. 82. p. 297; V. 87, p. 225, 414, 1418. Guaranty, V. 81. p. 668.
Of the 53.000,000 Coal River 4s of 1905, $550,000 Is reserved for exten
sions and Improvements. V. 80, p. 2219; V. 83, p. 693; V. 89, p. 720.
Paint Creek Br. 4s 5211,000 reserved for extensions. V. 81. p. 974, 910.
Raleigh & Southwestern 4s, V. 84, p. 1114: V. 89, p. 720.
Car Trust 4% Gold (Denomination $1,000 each).
Series. Date.
Outstanding
Mature in Installments.
“ C” 1902....................... $100,009
M. h 1912-Sept. 1012 550,000 s.-a
"D " 190.3......
400,000
Aug.
1912-Aug. 1913 200,000 yrly
“ E” 1903..................... 250,000
Dec
1911-Dec. 1913 50,000 s.a.
“ F” 1904......
245,000
Dec
19 1-Dcc. 1914 35,000 s.a.
"G ” 1905-..........
630,000
Apr
1012-Aprtl 1915 90,000 s.a.
" H " 1906........
720,009
A r
1912-Aprll 1916 80,000 s.a.
" I ” 1906......
500.000
Deo
1011-June 1916 50,000 s.a.
"J ” 1906..................... 950,000
Feb.
1912-Aug. 1916 95.000 s.a.
" K ” 1906..................... 800.000
->Pr 15 17-Oct. 1916 80,000 s.a.
" L " 1907......................1,233,000
J>u1012-Jan. 1917 113,000 s.a.
"M ” 1907......................1,232,000
Feb.
1912-Feb. 1917 112,000 s.a
“ M. R. Co." 1910......... 134,000
To May
. 12 ____
1915.
Merc.Tr.Co.’ 10,$2,170,000 as collateral To Nov. 18 1911.
C. A O. 1“ A ” guar___ 4,800.000
Equip’t “ B" guar____ (i ll),000
Corp’n J“ C” guar____ 470,000
Interest paid semi-annually as Indicated by maturity date: " A ” and " B ”
at Girard Trust Co., Plilla.: “ C,” " f i ” and " F " at office of Blair A C .
N. Y.; "D ,’ "G ,” and “ I I " at Fidelity Trust Co., Phlla.; " I , " "J,” “ L ”
and "M ” at Blair A Co.: “ K ” at Guaranty Trust Go.; “ M. R. Go.” at 8t.
Lo ’.;is Union Trust Co ;'C f AlOfllEquipf Corp. at Mercantile Trust Co.
great'
.C ando
T ow n er
GREAT
M inot
Jtainv Lake
- Q , L e e f|,‘
MO"." C hurch ‘sJT ern
L a k o ta
L a rim o re'
't. Benton
s ilv e r
Lew iatow n
N e lh art c ? X
lY n e le n a
eT V
T^Clow
U
* '* \ s
J u d ith G ap,
—
A
Sr
V l - nro ^ c m . / a
ftould.AlliL-------valla/ H
Hatlo«to°
NOR J i a ,
W
Morgan
M clstone
lonCr^e,— a
.Cushm an
B ig Tim ber
L IN G S
LUCA
.T t.C u s te r
F R O M B E R fG
_
%
» r
NORTHERN
p «*
t'F a rk 'ita p Id s
p a c if ic
'M iles)
lesacm er
JEdgeley
B llen d ali
Ashley ,
>
/
/d
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NJ«.
’ owjder.i
/
B r itto n
ITi
jB o w d le
lto r ea u if
^Bristol
ilneland i
NOR. \ N
F en M if
^ L B e n s o iF
P ren tic t
T u r tle '
.Aberdeen
!
__C h ip pew a F a lls
H utchinson
R e d fle ld Y
irv ad a
Dolan"
G ille tte
■ Harshi
F a lls
sP eter,
Manki
l a k e C rysta]
O k ton
iH uron
C am as
DurkceJ
Cham ber! aii
xSaJenii
VTftite
' MlNNEKA
•thiDgto n > y
M itchell"
W ausau
.B lan d
V
'Clinton Y
X ah aafal
IV N
S ra n d Rapids
\S A/C
•exter
AIiCr VT.. «;
J cC..
>mP*a le a V \ V .
^ ^ ^ A lo a n ta ic
'H eron L a k e l
v ?Ti WliiTgfS
A rm ou r
lT h c a m o p o i i s /
\("\
Abbottafordl
'R o c k '\ \
W'orland
M errll
z (Chelsea-
W lllm a jl
SHERIDAN
loicstonc
M arket L a lje
W a te r s m e e tQ
Mellen
$
FRAN N IEj
M antua,
R a ls to n ^
CODYKane’
intonagoi
&
B ay fle 1
K ed.Lodge
YELLoIvSTbd
-
S e n t iS
B u tt
% y * c £ "vx*
-tvlngstou"
T G ard ln erV .
G ran d M arais
i A lle n Jo.
H ow e1
^ r tn ln g to n
J
E rld g er
’reston
y
-
Jc# ^
■* CROSSE! \ •
l Bcrlic - Ri™
N orth Wood*
Lu c h i e n n
S c o U a n d 'N /
S h e! Ion"
D a k o ta J c .
B tV "
V a te n tin e "
Irawforh'
L an d er
O R IIM J C l
iSTvortf
Waterloo
S io u :
M ontpelier
hr
Bordeau:
p j Logan
- a
W
Melbourne,
d
r------ 5 * '°
B itte r Creek
L a r a m ic V • i —
L a k es
\
\ CH EYETNN
cA \
E vanston
Hahn'e Peal
Iro rn
\ K e o iiJ
kftOOAl^olO
iRSTl
LYONS
yltCox
.L o n g m o n t
.Bonlder-^
RUSH
rx. SB rardsurW u
ST. FRANI
S to c k to n '
■ Lirnon
UNION
Ivain ar
.Colorado Sprs,
S h erid a n L a k e
P u e b lo
L g o o d U trn
iM tT R O P C
• CITY «■
30
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c. see notes on ftrst page]
STOCKS AN D
Miles Date
Road Bonds
Chesapeake & Ohio— (Concluded)
Guaranteed bonds—
Elevator Co 1st mtge gold prln & lnt guar.-Ce.c*
Second mtge for $500,000 Income non-cum______c*
Louis & Jeil Bdg 1st M $5,000,000 gu p & 1cnd-.c*
Norfolk Term & Trans 1st M (V 67, p 322) gu p & 1
Western Pocahontas Corp 1st M (V 84, p 905)----do
do
do
Extension No 1 ..
do
do
do
Extension No 2 ..
Rlchmond-Washlngton Co (one-sixth Interest)----262
Ches & O Ry of Ind— 1st M $30,000.000auth red parBa
Ch C A L mlsc equip contracts to July 31 1911------27
Chesapeake VVcstern— C & W RR 1st M gold------- N
41
Chesapeake Western Ry mtge $1,435,000 g-.Eq.c*
36
Chesterfield & -Lancaster— 1st M $750,000 gold._K.c*
4
Chestnut Hill RR— Stock rental P & R R y ................
Chicago & Alton RR— Common stock......... .............
Preferred stock 4% non-cumulatlve_______________
4% cumulative participating and prior Hen stock..
889
Chic A Alton RR (old) ref M g (see text) IC.xc* Ar*
First Hen (okl Ry) M subject to call at par .F.c&r
943
Debentures $2,000,000 auth subject to call---- Ce
All
Impt and cqulpt M $18,000,000 red 107 >4 aft 1915
Secured gold notes convert red text.......................
C & A Eq Assn ctfs Ser A B A C g gu $160,000 s-a Ba
do
do
Ser D g gu due $113,000 s-a.-Ba
do Trust $82,000 Ser E due s-a..'-------Ba
do Trust Ser F $13,000 due s-a..............
do
Ser G gu red 101 due $72,000 au.PeP.c
162
Kansas City St Louis A C preferred stock guar__
Joliet A Chicago 7% stock perpetual guar by C & A
37
Louisiana A Missouri guaranteed preferred stock..
101
Rutland Tol A No 1st M g gu red beg Oct’ 15-NCc*
27
Chicago Burlington & Quincy—Stock------------------Gen mtge $300,000,000 lawful money-----Ce.c*Ar* 8,599
Illinois DIv ftrst mortgage]$85,000,000 currency 1 1,648
(V. 83, p. 625: V. 69, p. 283)/ redeem at 105..NB J
Sinking fund Iowa DIv 5s (coll trust) drawn at 105. 1 891
a Guaranteed Jointly and severally with Cleveland Cincln
Par
Value
Rate
%
When
Payable
[V OL. LXXXXI11.
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
$820,000
4 g A A O Oct 1 1938
J P Morgan A Co, N Y
$1,000
1888
Oct 1 Oct 1 1988
4
1.000
450,500
do
do
1888
1.000 a4,500,000
4 g M A s Mch 1 1945
do
do
1895
500,000
F A A Feb 1 1948
1,000
5
1898
do
do
1,000
750,000
1905
do
do
4H F & A Aug 1 1945
F A A Aug 1 1945
114,000
1906
1,000
do
do
4)4
51,000
do
do
1,000
4)4 A & () Oct 1 1946
1906
1903 1,000 Ac 9,500,000
4 g J A 1) June 1 1943
New York Trust Co, N \
J A J July 1 1930
5
1910
1.000 5,279,000
Office, 71 B’way, N Y
Various
170,866 • 4 A 6
New York Trust’Co, N Y
1896
666,000
5 g F A A Aug 1 1945
500 Ac
See text
1,000 1,419.000
1901
4 g A A O Oct 1 1951
Knickerbocker Tr Co T Y
186,000
5 g F A A Aug 1 1955
1,000
1905
195.650
6
50
O—M Sept 5 1911, 1 )4 Treasurer’s office, ,
100 19,542,800 See text. F & A Feb 15 ’ 10, 2% Checks mailed
do
100 19,544,000 See text. J A J Jan 16 1911,2%
do
879,300 4 In 1911 J A .1 Aug 15 ’ ll . 2%
100
First National Bank.N Y
1899 1.000 Ac 45,350,000
A A () Oct 1 1949
3g
do
do
3)4 g J A .1 July 1 1950
1900 1,000 Ac 22,000.000
60 Wall Street, New York
.1 A 1) June 1 1922
1907
1,399,000
5
M A S Mch 1 1930
1910
1,000 As collat.
5
60 Wall St, N Y
M A s Mch 15 1913
2,500,000
1910
5
Bankers Trust Co, N 5'
1,000
1,272,000 4 A 5 g Various To Nov 1915
1905
1,000
do
do
1,130.000
1906
4 g J A D Dee ’ 11-J’nc ’ 16
do
do
1,000 1.148,000
1908
4)4 g M A N May ’ 12-Nov ’ 18
do
do
1,000
200,000
1909
4 )4 F A A To Feb 1919
1,000
722.000
1910
5 g A A O To Oct 1 1920 Penn Co for Ins, Ac,Phlla
Checks mailed
100 1,750.000
6
0 — F Nov 1 1911
do
do
100 1.500.000
7
C, —.1 Oct 2 1911
do
do
100
F A A Aug 1 1911
329.000
7
100 Ac
225,000
1910
4 g A A O Oct 1 1930
100 110.839,100 8 In 1911 Q—-M 25 Sept25 1911 2% N Y, Boston A Chicago
Bank of Commerce, N Y
1908 1 000 Ac 54.099,000
4
M A S Mch 1 1958
do
do
J1899 1.000AC 50,451,000
3)4 ,T A J July 1 1949
do
do
J A J July 1 1949
4
11899 1,000 Ac 34,165,000
1,000 b2,275,000
do
do
] 1879
A A o Oct 11919
5
batl C hlcago A St Louis.
FINANCES.— In Aug. 1910 filed agreements to secure $4,800,000 C.. A O.
Equip. Corp. 1-year 5% notes dated July 1 lOlO. V. 91, P- 396. In June
1910 dividend rate was increased from 4% to 5%. In AprI 1911 arranged
to sell $16,000,000 3-year 4)4% notes. As to notes and new $125,000,000
bond Issue of 1911, sec BONDS above.
■EARNINGS.— 2 mos.,J1911........ Gross, $5,736,721: net, $2,096,643
• July 1 to Aug. 31. 11910_____ Gross, 5,638,023; net, t 2,106,732
A N N U A L REPORT.— Fiscal year ends June 30. Annual meeting Is held
at Richmond on the Tuesday preceding the last Tuesday In October. Re
port for 1910-11 was given at length In V. 93, p. 1101, and “ Chronicle” of
Oct. 28: also editorial.
- ■
1909-10.
1908-09.
Year ending June 30—
- 1910^1.
1,937
1,897
2,229
Miles operated................................ - •
Passenger earnings........................... $.),ol2,J32 $5,002,205 $4,482,004
Freight ___________________________ 25,590,027 24,901,200 20,885,511
1.333,764
1,263,201
Express, mail and miscellaneous------ • 1,480,452
Total earnings......... .....................$32,583,411 $31,237,160 $26,630,717
Operating expenses_________________ ) 21,793,615 18,936,699 16,366,837
Net earnings...............- ............... $10,789,796 $12,300,470 $10,263,879
;hcr Income______________________ __________
1,560,815 __________
1,161,365 ___________
708,863
Other
Total net Income__________________ $12,350,611 $13,461,835 $10,972,743
Interest on bonds, rentals, Ac.............. $8,056,473 $6,297,605 $7,183,416
T axes______________________________ 1,065,853
873,744
801,600
Extraordinary expenses____________
________
________
212,449
Dividends
______________ (5)3.139,625(4)02068617(2)1,255,814
Balance, surplus_________________
$88,660 $3,621,869 $1,519,464
OFFICERS.— Pres., George W .* Stevens, Richmond, Va.; 1st V.-P.,
Decatur Axtcll; 2d V.-P., II. T. Wickham: 3d V.-P., F. M. Whitaker; SecTreas., James Steuart MacKlc; Comptroller, L. F. Sullivan.
Directors— Frank Trumbull, Chairman; Edwin Hawley, Frank A. Vanderllp. T. P. Shonts, H. E. Huntington, F. W. Scott, Decatur Axtcll,
George W. Stevens and James II. Dooley. N. Y. office, 71 B'way.— (V. 92,
p. 117, 260. 394, 525,.880, 1178, 1242, .1700, V. 93, p. 1102.)
•
PT.CHESAPEAKE & OHIO RY, OF IND IANA.— Owns Cincinnati, Ohio, to
Indlana-Illinois State line, 260.7 miles; trackage rights, 23.7 m.; total oper.,
284.4 miles. Incorp. in Indiana July 2 1910 as successor to Chicago Cine.
& Louisv. RR., sold In foreclosure June 23 1910. V. 91, p. 93, 37; V. 90,
p 1675, 1424, 1362. Stock auth., $5,000,000, and bonds, $30,000,000,
dated July 1 1910 (present Issue $5,279,000), all owned by Ches. A Ohio and
to be deposited under Its new mtge. authorized Apr. 29 1911. For year
ending June 30 1911. gross, $1,532,738; op. def., $143,359. Earnings Incl.
In Ches. A Ohio.— (V. 91, p. 802; V. 93, p. 104, 939.) •
CHESAPEAKE WESTERN RY.— Owns North RlverJGap." V a..' to
Bridgewater, l-l m.; leases for 99 years from May 1 1902 Chesapeake A
Western RR., Bridgewater to Elkton, 27 m.: total, 41 nt. Projected to tide
water on Chesapeake Bay, and westerly Into West Virginia coal Helds, of
which 14 in., from Bridgewater to North River Gap, Is completed. In 1908
all the stock and bonds were acquired by W. E. D. Stokes. V. S6, p. 1041.
Stock authorized, $10,000,000; outstanding, $1,419,600; of which $608,
400 Is pref. Ches. A West. RR. has $533,500 common and $27,600 pref.
stock outstanding. C. W. Ry. mtge. of 1901, V. 73, p. 899, 1356. Year
ending June 30 1911 (41 miles), gross, $87,918: net, $32,789; other Income
$33,305; lnt. on bonds, $56,760 (not paid); taxes, rentals, Ac., $44,332:
bal., def., $34,998. Pres., W. E. D. Stokes, ’File Ansonla, N. Y.; Sec. and
Treas., W. It. Hall.— (V. 78, p. 2383; V. 86, p. 980. 1041, 1284.)
CHESTERFIELD & LANCASTER RR.— Owns Cheraw, S. C., to Pageland, 38 miles, an extension of 18 m. from Ruby towards Lancaster being
completed July 1907. Bonds (limited to $750,000) are Issuable at $5,000
per mile. V. 81, p. 1790. There were June 30 1910 $67,000 debenture 6s
outstanding. Stock, $500,000, a majority being acquired In June 1909 by
the Seaboard Air Line Ry.; par, $25. For year ending June 30 1911, gross,
$82,178: net, $45,265. In 1909-10, gross, $70,984; net, $33,866; lnt., taxes
Ac., $22,292; bal., sur., $11,574. ■Pres., C. II. Hlx; Treas., R. L. Nutt.—
(V. 89, p. 40.)
•
■
..................... -------------------- - ■-J
CHESTNUT H IL L RR.— Owns from Germantown to Chestnut Hill, Pa.,
4 m.; being double-tracked May 1902. Rc-leascd In 1896 to Phlla. A Read.
Ry., the rental being reduced from 12% to 6% on stock, the latter being In
creased In June 1902 from $120,650 to $195,650.— (V. 75, p. 76.)
CHICAGO & ALTON RR.— (See Map Toledo St. Louts «fe Western.) —
ROAD.— Chicago to St. Louis, Kansas City, Ac., In all 998 miles.
Road owned—
Miles.
Road atoned—
Miles.
Chicago to East St. Louis, 111----- 280 Mexico, Mo., to Cedar City, M o.. 50
Sherman, III., to Grove, 111_______ 51 Roodhouse, 111., to Kan. C., M o ..251
EUlred to Barnett________________ 49 Bloomington to Wann, via Jack
sonville, Godfrey and Upper
Coal City Line, Ind______________ 27
Alton (all In Illinois)_________ 158
Dwight, 111., to Washington and
Lacon, 111______
81 Trackage to Peoria, III., Ac______ 17
lies to Murrayvllle, 111___________ 34
Total owned and operated July 1 1910 (210 m. double tracked)
—
.998
Also operates, Jointly with Clev. Cln. Ch. A St. L., from Wann to East
St. Louis, 18 m„and. with Atch. T. A S. Fe, from Joliet to Pequot, 20 m.
The stock of the Peoria Ry. Terminal Co. is owned by the Chicago A Alton
and Ohio. R. I. A Pac. Ry., which guarantee the ftrst mtge. bonds ($1,500.
000 auth. Issue) and $280,000 2d mtge. bonds. V. 81, p. 1099: V. 83, p.
752. 1171. 1291; V. 84. p.451: V. 85, p. 159.
„
u
„
In Oct. 1910 acquired the Toluca Marquette A Northern RR., Rutland
to McNabb, 111., 27 miles, the road being leased for 999 years and its bonds
guaranteed prln. and lnt. V. 91, p. 1024; V. 93, p. 408.
ORGANIZA'ITON.—The (old) railway company was organized In April
1900 and purchased substantially all the stock of the Chic. A Alton Railroad.
The two were consolidated In 1906 per plan V. 82, p. 451, the Railway
changing Its name to the C. A A .Railroad. V. 82, p. 160: V. 70, p. 686, 995.
STOCK.—The cumulative 4% participating and prior lien stock is enti
tled, In addition to prior right to accumulative dividends at the rate of 4%
Amount
Outstanding
BO ND S.
per annum, to receive additional dividends equal to the rate of dividends
declared on the common stock of the consolidated company. In Aug. 1907
the 4'oledo St. Louis A Western purchased from the Rock Island the con
trolling Interest, viz., $14,420,000 com. ami $0,3S0,000 pref. stock. V. 88.
p. 468, 529, 792. Union Pac. owns $10,343,100 pref. stk. V. 84. p. 1484.
DIVIDENDS.— Semi-annual dividends of 2% on pref. and participating
and prior lien stocks paid July 1906 to Jan. 1911, Incl., and in Aug. 1908
1% and In Feb. and Aug. 1909 and Feb. 1910 2% each extra on participat
ing stock; Aug. 1911, 2% on prior Hen stock, with no extra. V. 93, p. 44,
406. DIv. on com., 1%, paid Aug. 15 1908; 1909, 4% (F. A A .); 1910.
Feb., 2%, none since. V. 91, p. 214.
BONDS.— First lien (old Ry.) 3 )4s of I960, V.71, p. 1021; V.82, p.451
The Railroad (old) mtge. securing the 3s of 1899 will provide funds for Im
provements and extensions. Bonds In excess of $40,000,000 were to be
Issuable thereunder on vote of two-thirds of stockholders for extensions of
not over 500 miles main track, at not exceeding $20,000 per mile, to fund
leased line rental obligations and for future betterments not to exceed
$5,000,000, at not over $1,000,000 per annum, from Jan. 1 1900. In July
1911 $45,350,000 were outstanding. V. 09, p. 178; V. 69, p. 26, 129, 541:
V. 70, p. 429, 7.39, 995: V. 79. p. 211, 967; V. 84, p. 480, 507, 626, 803, 809;
V. 88, p. 99, 293. Joint equip, notes, $28,500, 1911 to Dec. 15 1912.
In Mch. 1910 $2,500,000 3-year 5% secured notes were sold, secured by
deposit of $3,500,000 “ equipment and Improvement” 5% bonds, Into which
the notes arc convertible at par. Notes are subject to call at par after
March 15 1911. (V. 90, p. 697, 771, 1296, 1424.)
Purposes for which the $18,000,000 New Equip. A Imp. Bonds are Issuable
To be Issued pledged as collateral for $2,500,000 note Issue------- $3,500,000
To retire 60% of equipment trusts maturing In 1910-19---------- 2,940,000
To retire 15-year 5% debenture bonds________ _______ _______ 1,666.000
Betterments, Ac., but not exceeding $3,000,000 to Mch. 1913_ 9,894,000
LATEST EARNINGS.— 11910-11..Gross, $14,592,519; net, $3,723,279
12 mos., July 1 to June 30. 11909-10..Gross, 13.358,475; net, 4,270.834
REPORT.— For year ending June 30 1910 was In V. 91, p. 1154.
1909-10.
1908-09.
Gross earnings_________________________________ $13,358,475 $12,500,682
Operating expenses------------------------------------ 8,640,207
7,408,598
Net earnings.................................................... $4,718,268 $5,092,084
Net Income____________________________________ $4,704,206 $5,186,101
Hire of equipment and rental---------------------443,169
367,537
T a x e s ................................................................
447,434
380.153
Interest on bonds, Ac--------------------------------- 2,457,995
2,531,120
241,024
241,024
Dividends on guaranteed stocks....... ................
Discount on securities written oil------------------42,590
291,005
Dividends on prior Hen stock
........
(6%)52,75S (8%)70,314
Dividends on preferred stock (4 % )-----------------781.760
781,760
Dividends on common stock------------------------- (2%)390,850 (4%)781,712
Balance, dellclt_____________________________
$153,386
$258,620
OFFICERS.— Chairman of Board, Thomas H. Hubbard: Pres., 'I'lieo. P.
Shonts: V.-P., Edwin Hawley, VV. L. Ross and F. VV. Morse; Chairman
Executive Committee, 'I'hos. H. Hubbard; Treas., F. II. Davis; Sec. and
Tllden, Wm. G. Beale and II. E. Huntington.— (V. 93, p. 44.)
Directors.—F. P. Frazier, J. J. Mitchell, Edwin Hawley, Thomas If.
Hubbard, Theo. P. Shonts, II. E. R. Wood, Joy Morton, F. II. Davis, Ed
ward Tllden, Wm. G. Beale and It. E. Huntington.— (V. 93, p. 44, 406,939.
CHI
erates
Paul
accompanying”map shows clearly the system, viz. (In miles)':
Lines east of Missouri River---- 4.3881Lines leased............................. 267
Lines west of Missouri R iv e r...4,347 Narrow-gauge lines..................
73
Total operated June 30 1910-----------------------------------------------9,075
In Dec. 1908 $23,657,500 of the $31,000,000 Colorado A Southern com.
stock (practically a controlling interest) was acquired, alfording connec
tions with the Gulf of Mexico, the C. A 8. system Including trackage aggre
gating 2,769 miles. V. 87, p. 1663; V. 88, p. 157, 685. Extension from
Kirby to Thermopolls, Wyo., 11 miles, was opened May 1910, and a further
extension of 94 miles to the Powder River Is under construction. In addit ion
to 30 miles Scribner to Fromberg. Mont., and 25 miles Hudson to Greciev,
Col. Lincoln to Cobb, Neb., 7 m., added June 1910; Herrin to Metropolis,
54 m. (38 constructed, 16 leased), put In operation Oct. 1910.
ORGANIZATION, Ao.— This was a consolidation in July 1875 of the
Chicago Burl. A Quincy in Illinois and the Burlington A Missouri P.lver In
Iowa*. Numerous subsidiary anti other lines have since been merged in
the C. B. A Q., trmong them Chicago Burlington A Northern, Kansas City
St. Joseph A Council Blufts, Hannibal A St. Joseph, Burl. A Missouri, Ac.
Sioux City A Western Ry.. 229 m „ was merged Dec. 1908. V. 87. P- 347.
In 1901 $107,613,500 of the $110,839,100 stock was exchanged for the
Joint 20-year 4% bonds of the Gt. Northern and Northern Pacillc, secured
by the deposit of the stock In trust, on the basis of $200 in bonds for $100
stock. See circular, V. 72. p. 871, and application to list, V. 73, p. 293,
and description of bonds under Great Northern.
C A PITAL STOCK.— The stock has been Increased for the acquisition of
new lines, retirement of over $15,000,000 convertible debentures, Ac.; In
18.80 a 20% distribution was made. See “ Organization” above.
.,
DIVS. ] ’98. ’ 99 to S ept.’01. ’02 to July’07.
O ct.’07. ’08 to Sept .191
Percent] 5)4
6 yearly. ___ 7 yearly.
8
8 y’ly (ouar)
Dividends beginning Sept. 1911 are paid Q-M. 25 Instead of Q-J• V. 93
P BONDS.— In April 1909 the holders of bonds of various Issues (marked
" x ” above) were offered the option of exchange for general mortgage 4 o
bonds on certain terms. V. 88, p. 1060, U27, 1559; V. 89, p. 40, 720,
1141. The general mortgage bonds ($300,000,000 auth. Issue, Interest not
to exceed 5%)are a first Hen on about 3,401 miles of road, and on retirement
of the outstanding underlying bonds, for which bonds are reserved as below
G o t ..
1911.]
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Chicago Burlington & Quincy (Concluded)—
Sinking fund mortgage 4s drawn at 100________ cAr
Sinking fund 4s (So W DIv) drawn at 100_____c*Ar
Denver exten (coll tr) bonds s f drawn at 100-NB.c*
xDcbentures for Hannibal A St Joseph stock___ c*
xNebraska ext $20,000 pm (s f not drawn). NB.c'&r
xB & Mo RR In Nebl Land gr s f drawn at 100-NB
xCons M $14,000,000/
do drawn since 1908__
Nod A Tar Val RRs 1st mtgs s f (drawn at par) -_c*
xRep Val 1st M guar (red at par) s f $14,000 yrly__c
Chic. & E 111— Pref stlt 6% non-oum($15,000,000 p m)
Danville A Grape Creek R R — 1st M assumed___ c*
First mortgage extension_________
c*
Consolidated mortgage (for $5,948,000) gold._Ce.c*
Collateral trust bonds sinking fund---------------- c*
General consol and 1st M $30,000,000___ Ce.c’ Ar
Chic A Ind Coal— 1st M $25,000 p m assum..Alp.c*
Evansville Terre Ilaute A Chicago Income mortgage
Refund A imp M (text) g red at 102H- Ba.xc’ Ar*
Evansv A T II 1st conso Idatcd M gold______F.c*
Mount Vernon Branch mortgage gold______ F.c*
Sullivan Co Coal Branch mortgage gold___ F.c*
First general mtge for $7,000,000 gold___ F.c*
Refunding mortgage $1,284,000 red par_____ _N
Evansville A Ind 1st M gold guar................ F.c*
Cons M ($2,500,000) g gu p & I (end) E&TH F.c*
Car trusts Including Int Apr '11 due 510,921 mthly.
C A E I Equip bonds Ser C & D due S68.000 semi-an
do Series E due $125,000 s-a (V81 p 1043).Ba
do Series F due 5220.000 s-a (V 82 p 750) . . Ba
do Series G due 5124,000 s-a (V 80 p 1284) . Ba
13 A T II equip bonds Series B due $20,000 s-a._Ba
do
Series C due $00,000 s-a (V 82, p 027) . . Ba
Chicago & Eric— 1st M g lnt guar till prin pald-.Ce.c*
Income bonds for $10,000,000 5% non-cum_____N
Terminal (Irst mortgage gold_____________________
Chicago & Grand Trunk—See Grand Trunk West Ry
Chicago Great Western— Common stock $40,000,000
b 5725,000 and c 50,812,000, canceled, not included
i $77,000; l< 5084,800. x See option of exchange for
Of which In treasury June 30 'l l , *$2,000.________
STO CK S
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
31
BONDS.
Rate
%
When
Payable
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
Bank of Com N Y; A Bos
$ 1,000 C$5,849,000
A A O Oct 11919
4
891 1879
1,000 d3.667, <100
do
do
M A S Sept 1 1921
4
1881
do
do
100 Ac e7.310.200
F A A Feb 1 1922
4
370 1881
do
do
1,000 8,510,000
M A N May 1 1913
1883
5
do
do
4
M & N May 1 1927
1,471 1887 1,000 Ac f22,8.39,000
600 Ac gl3,613,000 / 6
Bank of Commerce, Bost
J A J July 1 1918
1 . . . (1878
600 Ac
do
do
.1 A J July 1 1918
11878
i
6
\
i70,000
Second Nat Bank,Boston
1.000
7
J . A I) June 1 1920
59 1880
k032,800
Bank of Commerce, Bost
600 Ac
6
J A J July 1 1919
90 1879
Hanover Nat Bank, N Y
100 12,046,800 6 In 1911 Q— J Oct 2 1911
Central Trust Co, N Y
1.000
97,000
6
M A N May 1 1920
9 1880
91,000
Fourth Nat Bank, N Y
1,000
6
J
A
D Dec 1 1931
14 1881
Central Trust Co, N Y
1,000 2,736,000
6 g A A O Oct 1 1934
191 18S4
do
do
27,000
F A A Feb 1 1912
1.000
0g
1887
do
do
5
M A N Nov 1 1937
817 1887 1,000 Ac 19,855.000
Metropolitan Tr Co, N Y
1,000 4,626,000
5
.1 A J Jan 1 1936
176 18S5
5150,000
Farmers' L A Tr Co, N Y
6
M A N May 1 1920
1,000
1881
Bankers’ Trust Co, N Y
4 g .1 A J July 1 1955
817 1905 1,000 Ac 15,996,000
6g J
A
Bankers Trust Co, N Y
1,000 3,000,000
J July 1 1921
144 1881
375,000
do
do
6 g A A O Apr 1 1923
1,000
25 1883
450,000
5 g A A () Apr 1 1930
do
do
1,000
1890
5 g A A o Apr 1 1942
Bankers Trust Co
1,000 3,175,000
199 1892
See text.
4
-I A .1 July 1 1931
New 5ork
1DJ 1
647,000
6 g J A J July 1 1924
Bankers Trust Co, N 5'
1,000
54 1884
do
do
6 g J A J Jan 1 1926
1,000 1.S53.000
134 1886
18 i,469
To April 5 1913
476.000
4 )( J A J To Jan 1 1915 Blair A Co, New York
i ,6 6 6
1905
do
do
1,000 1,000,000
4H g F A A Feb '12-Aug '15
1905
1,000 1,980.000
do
do
g F A A Feb '12-Feb ’ 16
1906
5 g A A O Apr '12-Oct '17 Bankers’ Trust Co. N Y
1,000 1,488,000
1907
140,000
4H g F A A Feb '12-Feb '15 Blair A Co, New York
1,000
1905
540,000
1,000
do
do
4H g F A A Feb '12-Feb '16
1906
5 g M A N May 1 1982
1.000 12,000,000
Erie Railroad, New York
249 1890
Oct 1 1982
1
249 1S90 1,000 Ac 10,000,000
300,000
5 g J A J July 1918
Erie Railroad, New Y ork
1888
100 45.246,713
d $2,5 70.000; e $4,607 ,900; f $6,6 02.000'in sinking f und (canceled); g $9,527,000;
V. 88, p. 1060, 11 27, 1559; V. 89. p. 40.
genera i M 4s.
t Mostly owned by Erie Railroad
noted, will be a first lien on the entire mileage owned, aggregating 8,599
miles. The generals have been Issued or are Issuable as follows (see V.
80, p. 1342, 1400; V. 88. p. 504, 085: V. 92, p. 525):
Reserved to retire outstanding bonds of previous Issues aggre
gating $107,505,000 (of which $17,428,300 were held In
various sinking funds)___ , --------------------------------------- $177,000,000
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)___
45,000,000
Issuable for additions, Improvements and betterments of and
to the mortgaged property (of which $13,724,000 sold)____ 78,000,000
In Jan. 1909 $20,000,000 general 4s were sold, of which $13,724,000 were
used to purchase $23,057,000 Colorado A Southern common stock, and In
Feb. 1911, $8,000,000. V. 88, p. 685; V. 92, p. 525.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth, on the Missouri River, 272 miles, and on
621 miles of branches and 86 miles of second track. These bond# have a
sinking fund of 114% ($203,800) yearly, for which the 4s are subject to call
at 100 and the 5s at 105. The single main line and branches covered "shall
not exceed In the aggregate 900 miles,” at $16,000 per mile; on second track
additional $14,000 per mile. V. 65, p. 462.
The Nebraska Extension bonds of 1887 are Issued at $20,000 per mile for
single and $10,000 per mile for second track on not exceeding 1,500 miles.
Now a direct first lien. Abstract of deed, V. 45, p. 441; V. 85, p. 721.
Darlington A Missouri RIi. in Nebraska consol, mtge. of 1878 Is now a
llrst mtge. or first coll, lien; they urc subject to call for the sinking fund at
par; the "exempt” bonds since 1908; $2/5,400 retired In 1911.
EARNINGS.— 2 mos.,/1911......... Gross, $15,060,121; net, $4,922,521
July 1 to Aug. 31.
\1910_____ Gross, 15,454,409; net, 4,596,944
AN N U A L REPORT, -Fiscal year ends June 30. Report for 1910-11
was in V. 93, p. 1100, 1116 (see also editorial), showing results:
1910-11.
1909-10.
1908-09.
Average miles___________________
9,072
9,023
9.023
Freight _________ _______________ .$58,033,243 $58,224,537 $52,240,921
Passenger_________ _____ ________ . 22,552,567 22,380,305 19,585,305
Mall and miscellaneous__________ . 7,686,398
7,264.675
6,786,403
Gross
earnings
..................... $88,272,208 $87,869,517 $78,612,629
...
_
Operating Income after taxes________ $25,574,069 $21,723,533 $21,376,207
Other Income......... ........................ 2,174,699
2,523,694
943,847
Total income------------..527,748,768 $24,247,227 $22,320,054
Interest, sinking fund, Ac___________ $10,905,005 $10.938,-4S1 $9,948,973
Betterments__________________
4,826,755
3.329,006 2,237,081
Dividends on stock (8 % )................. 8,867,128
8,867,128 8,867,128
Balance, surplus.............
$3,149,880 $1,112,612 $1,266,872
DIRECTORS.— Darius Miller (Pres.), Geo. B. Harris. Chicago, 111.; J. J.
Hill, Howard Elliott, St. Paul, Minn.; James N. I1I11, Geo. C. Clark,
W. 1’ . Clough, Edw. T. Nichols, Norman B. Ream, Geo. F. Baker and
Samuel Thorne, N. V.— (V. 92, p. 1700; V. 93, p. 286, 526, 730, 1100,1116.)
CHIC. CINCINNATI & LOUISV. RR.— Sec Ches. & Ohio Ry. of Indiana.
CHICAGO & EASTERN ILLINOIS RR.— (See Map St. L .& San J-Y.) —
Operates road (double track to Danville Jet., 106 m.) from Chicago, III., to
Terre Haute, Ind., and bituminous coal Helds; also to Thebes and Joppa, 111.
Lines Owned in Fee—
Miles. Evansville to Terre Haute------- 109
Dolton to Danville, III_________ 107 Branches to Mt. Vernon, &c-----50
5
Danville, III., to Brazil, Ind___ 61 Evansville Belt________ _____ —
2
Momence Jet., III., to Brazil, Ind.130 Other_____________
Controlled and operated—
Danville Jet., III., to Thebes, 111.277
Joppa Jet. to Joppa, 111.........
16 Ev. A Ind. RR., Evansv. to Terre
Haute via Worthington, &C..146
CIssna Jet. to Clssna Park, III__ 11
Other Trackage, A c .—
Rossvllle Jet. to Sided Jet., 111.. 34
Percy Jet. to La Crosse, Ind___ 46 Pana, 111., to East St. Louis---- 85
Milford Jet., 111., to Freeland, Ind 11 Chicago to Dolton, Ch. A W. Ind. 17
Coal Bluff, Ind., to Casey, In d .. 7 Otter Creek Jet. to Terre Haute.. 6
Woodland, III., to Villa G rove... 62 Other lines_______________________38
Findley, ill., to Pana___________ 20
Total operated July 1911__ 1,275
Branches to Coal Mines_________ 15
Rossvllle Jet. to Judyvllle, In d .. 14 Double track___________________ 177
Hunt's Extension____ __________ 7
Also leases to other companies Rockville extension, 23 miles.
IIISTO R V. LEASES, Ac.— In August 1902 the St. Louis & San Fran,
acquired the greater part of the stock, as said below. Stockholders voted
July 19 1911 to merge the Evansville & Terre Haute, theretofore controlled.
See STOCK below.
The Chicago A East. 111. owns $1,000,000 stock of Chic. A Western Ind.
Special lease of Chicago freight terminals, V. 78, p. 819.
STOCK.— Com. stock outstanding was $7,217,800 ($15,000 p. m.); pref.,
$8,830,700. In addition, $6,408,300 com. and $161,300 pref. were held In
trust by Trust Co. of America In July 1911 as a part of “ trust assets" under
agreement dated July 1 1905, for Improvements, acquisitions or refunding,
to be terminated on satisfaction of the St. L. A S. F. stock trust agreements
below referred to. V. 85, p. 1001.
Stockholders voted July 19 1911 to Increase the authorized common and
pref. stock to 515,000,000 each to merge the Evansville A Terre Haute and
Evansville Belt, the E. A T. II. com. to receive 83 1-3% In C. A E. I. pref.
anil the Evansville Belt stock par, calling for $3,216,100 pref. and Increas
ing total amount of pref. Issued to $12,046,800 (the E. A T. pref. to have
the option until Jan. 1 1912 to take E. A T. II. refunding bonds In exchange
at par); remainder reserved for new mileage at $10,000 per mile. V. 92, p.
1374, 1435: V. 93, p. 229. 588.
„
In Aug. 1902 the St. Louis A San Francisco RR. gave In exchange for the
common and pref. stock Its stock trust certlllcates at the rate of $100 thereof
for each $100 share. V. 75, p. 289. In Jan. 1905 all of the $7,217,800
common and $6,211,700 of the $8,992,000 pref. then outstanding had been
exchanged on this basis. The St.L. AS. F.has the option to retire the trust
certs.at any time at $250 per $100 com. stock trust certificate and $150 per
$100 pref. stock trust certificate, payable In gold, and obligates Itself to pay
off entire Issue In 40 years from July 1 1902 at same rates, meanwhile obli
gating Itself to pay 10% dividends on the com. and 6% on the pref, trust
AND
certificates, respectively, these amounts being equivalent to 4% on the
principal sum to be eventually received In payment therefor. Upon failure
to pay any dividend within 30 days after demand therefor, any holder
may surrender the certlllcates to the trustee and receive the shares repre
sented thereby. V. 75. p. 289, 393, 1031; V. 82, p. 48. A majority of
common stock trust certificates were In 1905 exchanged for certificates In
denominations of $1,000 each, representing 4 shares of common stock, bear
ing 4% Int., and payable In 1942 at face value. See form, V. 80. p. 1856.
DIVS. (% )— V02. '03. ’04. '05. '06. ’07. ’08. '09. '10.
1911.
On preferred) 6 6
6
6
6
6
6 6
6
1 Vi, 1 >4. 1H. 1 lA
On common.J 6 6 8 5 8
10 10
7
8
----------------------BONDS.— The general consol, and first mtge. of 1887 (trustee. Central
Trust Co.) provides for the retirement of $6,307,000 prior bonds and for
Issue of bonds on new road at $18,000 per mile for single track; also for bonds
for equipment at $7,000 per mile and for double track at $8,000 per mile.
In 1897 the gen. consols were limited to $30,000,000. See V. 64, p. 1088;.
V. 78. p. 1446; V. 79, p. 1331; V. 80. p. 1728; V. 84. p. 1550; V. 85. p.
1645. Series C equipment bonds mature 553,000 s-a. J.-J.; Series D.
$15,000 J.-J.; Series E, $125,000 F.-A.; Series F, $220,000 F.-A.
Of the refunding and Improvement gold 4s of 1905 ($55,000,000 auth.
Issue), $4,378,000 are reserved for additions and Improvements, Including
equipment, and $34,626,000 to retire, $ for 5. $30,000,000 gen. consol, and
1st 5s of 1937, Issued and Issuable, and $4,626,000 Chicago A Ind. Coal 5s.
V. 80. p. 1424; V. 81. p. 1436; V. 88. p. 451; V. 90, p. 55S; V. 92. p. 117;
V. 93, p. 588.
The Evansv. A T. II. refunding 4s of 1911 (limited to $1,284,000) are
Issuable In exchange for E. A T. pref. stock at par under the option give*
them on consolidation. V. 93, p. 229.
EARNINGS.— 2 mos., (1911............ Gross, $2,600,487; net. $858,511
July 1 to Aug. 31.
J1910________Gross, 2,530,980; net, 880,851
REPORT.— For 1909-10 was In V. 91, p. 1243, showing on 966 miles:
Years ending June 30—
1910-11.
1909-10.
1908-09.
Operating revenue_________________ $12,281,344 $11,750,356 $10,269,619'
Operating Income (after taxes)____ 3,598,752
3,434,24.8 3,060,971
Net (Including other Income)_______ 4,317,335
4,176,870 3,646,574
Interest and rentals________________ 3,072,995
3,001,080 2,951,403
Dividend on preferred stock (6 % )___
529,842
529.842
529,842
Dividend on common stock_________(9 M)685.691 (S)577,424 (2)1442556
Balance for year_________________sur .$28,807 sur.$68,524 sur.520,973
OFFICERS.— Chairman Exec. Comm, and Board, B. F. Yoakum, N. Y.:
Pres., B. L. WInchell, Chicago; V.-P., C. W . Hillard, N. Y.: Sec., J. S.
Ford, Chicago: Treas., J. P. Reeves, Chicago. N. Y. office, 71 B’ way.—
(V. 91, p. 1243; V. 92, p. 117, 1374, 1435; V. 93. p. 229, 526, 588.)
CHICAGO & ERIE RR.— (.See Map Erie RR.)— Owns from Marlon, 0 7
to Hammond, Ind., 249 miles, and leases trackage over Chicago A West Ind.
to Chicago, 20 miles. Erie RR. Co. owns entire 5100,000 stock.
BONDS.— The first mortgage (trustees. Central Trust Co. and Edward
Daniels) covers 249 miles of road, the contract with the Chicago A Western
Indiana, $1,000,000 of that company’s stock and $249,000 stock of Chicago
Belt Ry. See abstracts, V. 51, p. 911: V. 61, p. 750.
EARNINGS.— 12 mos., (1910-11___ Gross, $5,293,762; net, $957,906
July 1 to June 30.
\1909-10___ Gross, 5,152,167; net, 1,067,784
For year ending June 30 1910, gross, 55.152,167; net, $1,067,784: other
Inc., $92,778; int., taxes, Ac., $1,196,394; Imp., $19,598: baL.def., 555,430.
CHICAGO GREAT WESTERN RR.— Forms the "Cora Belt” route,
radiating from Oelweln, Iowa, northerly to St. Paul, easterly to Chicago
and southerly and westerly to Kansas City and Omaha.
Operated under agreement.
Miles.
Lines owned (total, 751 miles). Miles.
Chicago to St. Paul____________ 400 Mason CyA Ft.Dodge,386 m„vlz.:
Oelweln to St. Joseph__________ 290
Oelweln, la., toCoun’l Bl’ ffs. 259
Bee Creek to B e ve rly___________ 23
Hayfield,Mlnn.,to Clarion,la. 100
Sumner to Waverly______________22
Branches to Lehigh and Coal
Mantorvllle and Cedar Falls,
ville, Iowa_______________
1^
branches____________________ 14
Trackage—
Leavenworth to Kansas City_______ 2Council Bluffs, la., to So. Oma
Trackage (total, 75 miles) —
ha, N eb .________ ___________
St. Paul to Minneapolis_________ 11 Wis.Minn.APac.RR ,277 miles,
96
Mankato to Red Wing, Minn.
Chicago Terminals_____________ 10
Red Wing to Osage, la _____ 118
Galena Jet., 111., to Dubuque, la . 14
54
Winona to Simpson, Minn__
Des Moines Terminals------------- 3
3
Branch to Clay Banks, Minn.
Beverly to Kansas City------------- 28
6
Goodhue to Belle Chester.--St. Joseph, Mo., to Bee Creek__ 9
6
De Kalb A Great Western__
Grand total embraced In earnings June 30 1910----------------------- 1,487
The entire capital stocks of the Mason City A Fort Dodge RR. Co. and
the Wisconsin Minnesota A Pacific RR. Co. are owned and their roa is oper
ated under agreement. See those companies. In 1910 acquired entire
stock of Leavenworth (Kan.) Term. Ry. A Bridge Co. V. 91, p. 214, 397.
ORGANIZATION.— Incorporated In Illinois Aug. 20 1909 as successor,
per plan V. 88, p. 1497, of railway of same name acquired at Judicial sale
by J. P. Morgan A Co., reorganization managers. V. 89, p. 528, 592.
A syndicate provided the cash requirements of the plan— $24,892,274
(Including $9,892,274 for Improvements and equipment)— receiving therefor
$18,500,000 new first mtge. 4% bonds, $10,136,604 pref. and $31,641,333
common stock voting trust certs., the stock trust certs, being offered to
holders of old pref. B and common stock on payment of assessments of $15
per share, and affording the shareholders their only opportunity to partici
pate In the reorganization.
STOCK.— The pref. stock ($50,000,000 auth. Issue) will be entitled to
non-cum. dlvs. at 4% per ann. to June 30 1914 and to cum. dlvs. thereafter
at that rate ahead of the com. stock, and also to a preference as to principal
and accrued dlvs. In case of dissolution or liquidation. If and when permit
ted by law, the new company will have the right to redeem the pref. stock
at par and accrued dlvs. No additional mtge. shall be created nor shall the
pref. stock be Increased without the consent of a majority of the pref.
32
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
STOCKS
Miles Date
Road Bonds
Chicago Great Western (Concluded) —
Pref (also as to ass.) 4% cum red 550,000,000 auth
First mortgage gold 575,000,000________ S.xc*&r
749
Minneapolis Terminal mortgage gold assumed_____
Chicago & Great Western— See Balt & O Chicago Ter RR
Chicago Hammond & Western—See Indiana Harbor Belt R
Chic Hgts Term Transf— 1st M 51.000,000 g red 105 s f
Chicago & III Mid— 1st M 55,000,000 g red text.IC.o*
26
Debentures gold $1,000,000 authorized___________
Chicago & III VV— Genfnew lst)M g gu red paY.CC.xc*
--Chicago & Indiana Coal—See Chicago & Eastern 111
Chic Ind & So— Ind 111 & la 1st M $12,000,000 g. IC.o*
203
329
Consol mtge 520,000,000 gold gu p & I..G .x c*& r..
Chicago Indianapolis & Louisville— Common Stock..
Preferred 4% non-cumulatlve $5,000,000 .............
509
C I & L ref (now 1st) mort $15,000,000 g o ld ____Ce
509
do
do
gold 6s Issued for old consols___
509
do
do
Ser C___________________________
__
Con Stone Co 1st M gold guar p & I callable______
__
Indiana Stone RR first mortgage guaranteed______
60
Indlanap & Louisv 1st M $6,000,000 gold gu — S.o*
__
Monon Coal Co 1st M g Int gu s f red 110______Ba
Equip bonds Ser A g due part semi-annually—
__
do
do Ser B due 537,000 or $38,000 s-a
Chicago Indianapolis & St Louis Short Line— See Cle veland
__
Chicago Junction RR— 1st M $2,327,000 g red 105. . 0 *
55
Chicago Kalamazoo & Saginaw— 1st M $2,000.00O g G
__
Chicago Lake Shore & East— 1st M g gu red text..xc
__
Chicago Mem & Gulf— Pref stock $150,000 6% cum.
42
1st M g red 105 after Jan 1912----------------- Bac* &r
Equip notes due $5,700 yearly------------_PcP
Chicago Milwaukee & Gary— 1st M $20,000,000 g red
105 beginning 1918--------------------------- SSt.xc*
Chicago Milwaukee & St Paul— Com stock (see text).
Preferred stock 7% yearly not cum $124,654,400..
Lacrosse & Davenport DIv first mtge---------F.c*
185
Wise Val DIv 1st M sink fund not drawn..NB.c*
161
Dub DIv 1st M sinking fund not drawn..NB.c*
351
Chic & Pac Western DIv 1st M (see text) gold.F.c* 1,117
Chicago & Lake Superior DIv 1st M void____F.c*
68
a Of which $125,000 In treasury June 30 1911
Par
Value
AND
Amount
Outstanding
Rate
%
$100 $41,021,402
1909 $, £ & fr. 20,500,000
500,000
1,000
1900
4g
R
1911
1906
1910
1907
100 &c
1,000
1,000
550,000
780,000
220,000
815,000
6g
5g
5 ff
6g
When
Payable
M &
gJ *
J
F
J
J
1.000 4,850,000
1900
4g J
1906 1,000 &c 15,150,000
4g J
100 10,500,000 3 M In '10 .1
._
100 5,000,000 4 in 1910 J
1897
1,000 5.000,000
5 g ,1
1897
1,000 4,700,000
6g J
1897
1,000 5,300.000
4g J
1900
1,000
13,000
M
6g
___
1,000 In treasury
5g M
1906
1,000 a l,650,000
4g J
1911
1,000 2,500,000
5g J
1911
405,000
M
1911
750,000
4V2 A
Clncln natl Chic ago & St Lo uls
1905
1.000 2,327.000
4g M
1909 1,000 &o
1,268,000
4g J
1909
1.000 9.000.000
4MC J
100
6
150,000
1910
1,000
607,000
5g J
1911
57,000
1908
_.
1879
1880
1880
1831
1881
1,000 5,702,000
5g A
100 116.348.200 7 In 1911 M
100 116.274,900
7
M
1,000 2,500,000
5
J
1,000
J
1.878,000
6
1,000 4,914,000
J
6
1,000 25,340.000
5g J
1,000
1,360,000
5g J
Votino Trust.— All stock (except shares to qualify directors) shall until
Sept. 1914 be vested In J. Plerpont Morgan, George F. Baker and Robert
Fleming, as voting trustees, with power to fill vacancies and all other powers
to be stated In the voting trust agreement. Upon the written request of
holders of a majority of the outstanding pref. stock voting-trust certs,
and of common stock voting-trust certs, to an amount sufficient, with such
majority of such pref. stock, to constitute a majority of all the stock then
held by such voting trustees, the voting trust shall be terminated.
The total fixed charges of the new company for rentals and Interest, In
cluding Interest on bonds of subsidiary cos., after all the $28,000,000 new
bonds are outstanding, will approximate $2,480,000.
BONDS.— Of new first 4s, $18,500,000 were sold to the syndicate and the
remaining $9,500,000 of the $28,000,000 present Issue, of which $2,000,000
have been sold, were reserved for additions and betterments as required,
say within the next two or three years. Of the bonds, $18,232,000 are re
served to retire the 1st mtge. bonds of the Mason City & Ft. Dodge and
Wise. Minn. & Pac. ($12,000,000 and $6,232,000. respectively), and the
remainder for new property, betterments and equipment. V. 89. p. 1482;
V. 90. p. 53; V. 91. p. 1160; V. 92. p. 1031.
EARNINGS.— 12 mos., j 1910-11..Gross, $12,618,642; net, $3,176,636
July 1 to June 30.
11909-10. .Gross, 12,074,743; net, 2.940,068
Surplus after charges, $767,907 In 12 mos. of 1910-11, agst. $360,536.
REPO RT.— Report for 10 months ending June 30 1910 In V. 91. p. 1243,
showed: Gross earnings, $10,171,783; net. after taxes, $2,123,010; other
Income, $188,433; lnt. on bonds, $1,220,721; rentals and other fixed chges.,
$634,947: balance, surplus, $455,775.
OFFICERS.— Pres.. S. M. Felton; V.-P.. Joseph W. Blabon; Sec. and
Treas., J. F. Coykendall; Auditor, Con. F. Krebs. President's oflice.
People's Gas Bldg., Adams St. and Mich. Boul., Chicago, 111.
DIRECTORS.— Samuel M. Felton, John R. Morron, John A. Spoor,
A. A. Sprague, Clyde M. Carr, C. H. Conover, Chicago; Charles Steele,
A. H. Glllard, New York; E. F. Swlnney, Kansas City; James S. Bell,
Minneapolis; F. Weyerhaeuser, St. Paul.— (V. 91, p. 1445; V. 92, p. 1031.)
CHICAGO HEIGHTS T E R M IN A L TRAN SF ER R Y .— V. 92. p. 394.
VO L. L X X X . Y m .
RONDS.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
S Sept 1 1959
J Jan 1 1950
& J Jan 1 1931
& A Feb 1 1956
* D 1917
& J July 1 1947
&
&
&
&
&
&
&
&
&
&
&
&
&
J P Morgan <fc Co
Bank of Montreal, N Y
Northern Trust Co, Chic
Chase Nat Bk, N Y or Chi
Con&ComTr&SavBk, Ch
J July 1 1950
Lincoln Nat Bank, N Y
,J Jan 1 1956
Treas Grand Cent Stat’n
D June 28 ' l l 1 % J P Morgan & Co, N Y
D June28 'l l 2%
do
do
J July l 1947
do
do
J July 1 1947
do
do
do
do
J July 1 1947
N May l 1920
Con&ComTr&SavBk, Ch
S Sept l 1948
New York
J •Jan 1 1956
Standard Trust Ce. N Y
D June 1 1936
S To Sept 15 191 1
o To Oct 15 1921
& s Mch 1 1945
& J July 1 1959
fe D June 1 1969
—-J Oct 1 1911 VVi
& J Jan l 1940
To Jtilv 1 1921
Harris Forbes & Co Chic
New York
71 Broadway, New York
Bankers Trust Co, N Y
St Louis Union Trust Co
& O Apr 1 1048
& s Sept 1 '11, 3H N Y Office 42 Broadway
A s Sept 1 ' l l , 3 >4
do
do
& J July 1 1919
do
do
& ,r July 1 1920
do
do
& j July 1 1920
do
do
& J Jan l 1921
do
do
& J(July l 1921
do
do
Owns entire stock of Indianapolis & Louisville R R., Wallace Jet., Ind.,
to Shirley Hill, 55 miles, and branch Vicksburg to Cass, 5 in., completed In
190'
Under supplemental lease dated May 10 1907, bonds are guar.,
prin. and lnt. See "Bonds” below. V. 82, p. 509; V. 83, p. 888, 1290;
V. 85, p. 920; V. 87, p. 809; V. 88, p. 99.
H IS TO R Y.—Successor July 1 1897 of Louisville New Albany & Chicago,
foreclosed per plan In V. 63, p. 922. Suit settled, V. 75, p. 1031.
In Aug. 1902 the Louisville & Nashville and Southern Ry. acquired 93%
of 510,500,000 com. and 77% of $5,000,000 pref. stock, on the basis of $78
and $90 per5100share, respectively. In their Joint 50-year 4% collateral trust
gold bonds at par, secured by the stock acquired. See description of bonds
under Louisville & Nashville. V. 74, p. 1088, 1138; V. 75, p. 28.
DIVIDENDS—
1 '02. '03. '04. '05. '06. '07. '08. '09. '10.
1911.
On common..........% ) 1 3M 2 yt 3
3
3
3 3M 3 Vi June, 1 %
BONDS.—Refunding mortgage covers road, equipment, &o. (Including
$1,000,000 stock of Ch. & VV. Ind. and $240,000 stock of the Belt Ry. of
Chicago): the remaining $2,300,000 of the $15,000,000 authorized being
sold April 1911 to take up $2,300,000 divisional bonds due Aug. 1911.
V. 90, p. 1613; V. 91, p. 518, 1095; V. 92, p. 1031. 1700; V. 93, p. 44.
Indianapolis & Louisville guaranteed bonds, of which $1.500.000 sold In
Feb. 1906 for 60 miles of road: balance Issuable at $30,000 per mile. See
above: V. 82, p. 508: V. 83, p. 1290. Also guarantees lnt. on $2,500,000
Monon Coal s. f. 1st M. 5s due June 1 1936, redeemable at 110 ($3,000,000
authorized Issue). V. 93, p. 44.
EARNINGS.— 2 mos., (1911-- ___ Gross. $1,160,202: net, $415,331
July l to Aug. 31.
11910......... --Gross, 1,141,924; net, 425,650
AN N U A L REPORT.— In V. 93, p. 1017, showed:
Year end. June 30—
1910-11.
1909-10.
1908-09.
1907-08.
Gross earnings............... $6,180,878
$6,020,242 $5,319,386 $5,167,160
1,803,453
1,404,792 1,103,702
Net earnings................ 1,661,271
Dividends, &c., received
204,308
237,955
252,301
272,423
Total net Income___ $1,865,579
Interest on bonds.........
$724,920
Rentals, &c..................
428.072
$2,041,408
$774,030
405,792
$1,657,093 $1,436,125
$772,100
$772,100
382,107
301,662
CHICAGO & ILLINOIS MI D L A N D R Y .— Owns Auburn, 111., to Taylor$1,179,828 $1,154,207 $1,073,763
T o ta l....................... $1,152,992
vllle, 26 miles, of which 17 miles was opened June 1907. Stock authorized,
$712,587
$801,580
$502,886
$362,302
$2,000,000; outstanding, $1,000,000 (par of shares $100), a majority being Surplus for dividends...
200,000
200,000
200.000
200,000
owned by Illinois Midland Coal Interests. The 1st M 5s are subjeetto call Dividend on pref., 4% .
on terms to be fixed for the several Issues: the $780,000 bonds Issued on Dividend on common. ((3 >0341,250(3 >4)341250(3 H)328,250 (3)315,000
the first 26 miles may be called at 110 on any interest day since Aug. 1 1910.
OFFICERS.— Pres.. Fairfax Harrison; V.-P., Morton F. Plant. New
See V. 82, p. 452, 803. Equip, trusts July 1911, $76,000. Year ending York; E. C. Field, Chicago; Treas., Byron Cassell, 198 Custom House Place,
June 30 1911, gross, $95,235; net, $28,997. In 1909-10, operating revenue, Chicago; Gen. Mgr., A. II. Westfall, Chicago: Sec., J. A. Hilton, 52 Broad
$85,230; net, $22,407; other income, $14,418; int., taxes, &c., $87,401, way, N. Y. Directors— Fairfax Harrison, Chicago; W. W. Finley, Wash
bal., dof., $50,576.— (V. 82. p. 803.)
ington. D. C.; Chas. Steele. R. M. Gallaway, Morton F. Plant, Henry
Walters, Adrian Iselin Jr.. John I. Waterbury, New York; E. C. Field, F. A.
CHICAGO & ILLINOIS WESTERN R R .— To extend from Western A vc.;
Chicago, southwesterly to Joliet, 111., with branches, a total of 54 miles, of Delano, Chicago; Samuel T. Murdock, Lafayette, Ind.— (V. 93, p. 1105.)
which 22 miles In operation. Extension proposed Gary to Joliet. V. 83,
C H I C A G O J U N C T I O N R R . — An elevated road, 3.61 miles of track
p. 491. Stock, $1,000,000, as Increased Aug. 1907; par, $100. Of the (opened April 1908). extending from Junction with South Side Elevated RR.
gen. 6s of 1907 ($4,000,000 auth. Issue), $815,000 were outstanding In at 40th St. to the Stock Yards. Leased to South Side Elevated for 50 years
July 1909, guar. prin. & lnt. by Dolese & Shepard Co.. Chicago. V. 86. p. (with right to purchase at cost within 20 years) at a rental covering bond
107; V. 88. p. 685. For year ending June 30 1911, gross, $144,929; net, Interest and all expenses. Capital stock, 550,000. Bonds are guaranteed,
$28,997. In 1909-10. gross, $146,849; net, $22,406: In 1908-09, gross, prin. and lnt., by Chicago Junction Rys. & Union Stock Yards Co.; they
$137,794; net, $06,298. In 1907-08, gross, $153,105; net, $66,298; fixed are subject to call at 105 after 1910. Form of guaranty. V. 82, p. 568.
charges, $23,038; balance, surplus, $43,260. Pres., VV. E. Phillips. Of — (V. 85, p. 792: V. 87, p. 346.)
fice, 184 La Salle St., Chicago. III.— (V. 88. p. 685.)
C H I C A G O J U N C T I O N R A I L W A Y . — Owns Inner line within the Chicago
CHICAGO INDIANA & EASTERN R Y .— Owns Converse, Ind., to Union Stock Yards district, 11.81 miles, side and Industrial tracks. 118.58m.
Muncte, 43 miles. In May 1907 the Pennsylvania Co. acquired all the se
In June 1907 the Vanderbilt (New York Central) Interests arranged to
curities, the road being operated as part of the Pitts. Cin. Chic. & St. Louis. acquire the outer belt line, assuming the $2,500,000 outstanding bonds,
V. 84, p. 1181. 930. For cal. year 1910, gross, $82,757; op. dcf., $17,820; leaving the property free of liens. V. 85, p. 159, 792.
other income, $85; charges, $34,218; bal., def., $51,953.— (V. 84, p. 350.)
C H I C A G O K A L A M A Z O O & S A G I N A W R Y . — Owns 55 m., Pavilion to
CHICAGO INDIANA & SOUTHERN R R .— (See Maps N. V. Cent. &
Woodbury, Mich. In Sept. 1910 leased to Grand Trunk system the 11 m.
Hud. Rtv. RR .)— Owns from South Bend, Ind., to Seatonvllle, 111., 192 m. from Kalamazoo to Pavilion.
(former Ind. 111. & Iowa R R.): Danville, 111., to Indiana Harbor, Ind.,
Stock, com., $2,000,000; out., $450,000; par of shares, $100. Mich.
109 m.: branches, 12 m.; trackage, 28 m.; leases, 8 m.: total, 341 m. Also Central owns $270,000 stock and Lake Shore $180,000 stock and $507,000
owns 20 m. leased to other companies. A consolidation April 1906 of the bonds. V. 90, p. 708. Year ending Dec. 31 1910, gross, $221,123; net,
Ind. III. & Iowa, &c. V. 82, p. 803. 867. Stock, $20,000,000, of which after taxes. $89,092; other Income, $1,775; int., hire of equip., &c., $64,041;
$5,000,000 Is 4% cum. pref. Lake Shore & Mich. Sou. owns $17,000,000 bal., sur., $26,825. Pres., II. 13. Lcdyard, Detroit; See., F. O. Waldo;
and Michigan Central $3,000,000.
Treas., J. p . Griffiths.— (V. 61. p. 1063; V. 84, p. 50; V. 92, p. 1178.)
BONDS.— Of the 4s of 1900, guar, by Lake Shore & Mich. Sou., $4,850,
C H I C A G O L A K E S H O R E & E A S T E R N R Y . — Embraces 464 miles of
000 are reserved to retire the 4s due 1950. V. 86, p. 980, 1223.
Jointly with four other roads covenants to pay the N. Y. Central lines track, connecting the various works of the Illinois Steel Co. and Indiana
($30,000,000) equip, trusts of 1907 and 1910, the company’s share of equlp’t Steel Co. at Chicago, Joliet, Milwaukee and Gary with diverging trunk lines,
trust obligations leased being Dec. 31 1910, $1,638,607 and $3,023,981, and also with steamship lines, stone quarries, industrial establishments,
&c.; also reaches the coal fields of 111. and Ind., and Joliet, 111., handling be
respectively. V. 85, p. 1401; V. 86, p. 168: V. 90, p. 1677.
tween South Chicago and these points a large traffic for III. Steel Co. Stock,
EARNINGS.— 8 mos., /1911.............Gross, $2,452,217; net, $538,581
$9,000,000,
being Increased from $2,700,000 In June 1909; all owned by
Jan. I to Aug. 31.
\1910„--....... Gross, 2,435,599; net, 610,454
the Illinois Steel Co., and so by the United States Steel Corp., which, with
REPO RT.— Report for year ending Dec. 31 1910 In V. 92, p. 875, showed: the Elgin Joliet & Eastern, guar, the bonds, prin. and Int., by endorsement.
Gross, $3,739,608; operating Income, $760,267; other income, $660,859; The last named leases the road for 60 years from June 1 1909, rental cover
charges, $1,106,328; bal., surp., $314,798.— (V. 92, p. 794, 875.)
ing all charges and dividends on stock, dependent on earnings. See V. 90,
CHICAGO INDIA NAP OLIS & LOUIS VIL LE R Y .— Operates the p. 108. Dividends paid In 1909, 10%; in 1910, 5%.
Bonds are redeemable In whole or In part from Dec. 1 1919 at 110 and Int.;
"Monon Route” from Chicago, 111., via Monon, Ind., to Indianapolis, Ind.,
they are limited to $20,000,000 and further Issues of bonds beyond the
and Louisville, Ky., with branches. The system Includes:
$9,000,000 now outstanding can be made only for 50% of cost of property
Lines owned—
Miles. I Oper. under contract—
Miles.
Chicago to Indiana State Line.. 20 V. 88, p. 1372: V. 89, p. 224, 1410.— (V. 90, p. 1170; V. 91. p. 1446.)
Indiana State Lino to Indian
apolis ______________________ 102 New Albany to Louisville_______ 6
C H I C A G O A1EMPHIS & G U L F R R . — Dycrsburg, Tenn., to Hickman,
New Albany to Michigan City__ 289 Connection to Indianapolis______ 2 Tcnn.,
52 miles, the extension from TlptonvIUe to Hickman, 21 miles, being
Bedford to Swltz City__________ 40 Clear Creek to Harrodsb’g, In d .. 9 completed
May 1911. Extension from Hickman to Clinton, 15 miles,
Orleans to French Lick Springs.. 18 Swltz City to west of Linton....... 10
Sept. I 1911. Entire line as projected will extend from a
Wallace Jet. to Shirley Hill & hr. 60 completed
point on the Ohio River to Memphis, Tenn. In Oct. 1909 stock acquired by
parties and name changed Nov. 1 from Dycrsburg Northern RR. V. 89.
Total of all June 30 1911___ _____ ________________________________616 nevv
p. 993. 1280. Stock auth., $1,000,000; Issued, $300,000 common and
A lease for 999 years with Chicago & Western Indiana (of whose stock this $150,000 6% cum. pref.; par, $100. A dividend of 8% was paid from the
company owns $1,000,000) gives entrance to Chicago on a mileage basis. earnings of 1910-11 and credited towards payment of pref. stock. First
Owns one-third Interest In Kentucky & Indiana Bridge at Louisville, Ky. quar. dlv. on pref., 1>4%. paid Oct. 1 1910. •
• ............................
RAILWAY STOCKS AND BONDS
, 19H.J
34
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations. &c., see notes on first page]
Ch Mil w & St P (Court.)— Wise A Minn DIv 1st M g.F
Fargo A Southern first mtge gold assumed_______
Chic Mllvv * St P Terminal mortgage gold___ F.c
Dakota A Great Southern first mortgage gold___ F
Chicago & Missouri River Dlv first mortgage..F.c*
Gen M (for $150,000,000) gold Series A__Us.c*Ar
do
do
Series A registered_______
do
do
Series B______________c*
do
do
Series B registered______
Mllw & Nor 1st M Schwartz to Gr Bay ext 1910. . 0 *
Consolidated m ortgage.......
_
o*
Debentures $50,000,000 auth gold......... F.xc*~Ar*
Debentures 250.000,000 francs authorized.. Usm.x
Chic Mil & Pug Sd- 1st M $200,000,000 textUsxc*Ar*
Chicago A N W— Com stock SI77,604.880 auth___ Tr
Preferred stock fnot cumulative) see text________ Tr
Chic A N W con s f M ($12,900,000) not drawn F.c*
Cedar Rapids A Missouri River— 1st M 3d DIv__
Northw Union 1st M g MIIw to Fond-du-Lac. F.c*
Winona A St Peter 1st M ext g land gr s f assumF.o*
Mllw Lake Shore A W cons M (now 1st) gold-.Ce.c*
Michigan Dlv 1st M (for S3.000.000) gold-.-Ce.c*
Ashland Division first mortgage gold______Ce.c*
Ext A Imp M for $5,000,000 g s f not drawn.Ce.c*
Marsh Ext 1st M S600.000 ($15,000 p m)_. Un.c*
0 A N W s f bds of '79 ($15,000 p m) red at 105 F.c Ar
Sinking fund debentures 1933__________ Un.c’ Ar
Chicago A North Western 30-year deben. Un.c* Ar
Extension 4s $20,000,000 ($20,000 p m )_.Un.cAr
General gold bond mtge $165,000,000__ Us.c*Ar
do
do
do
registered..
do
do
do
o*
do
do
do
registered..
STOCKS A N D
Miles Date
Road Bonds
230
119
__
159
77
5.859
5.859
5.859
5.859
126
362
__
2.197
7,390
7,390
788
150
140
175
413
82
40
693
40
1,041
__
__
__
__
•__
__
...
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
1909
1910
1909
___
___
1865
1866
1872
1871
1881
1884
1885
1889
1892
1879
1891
1891
1886
1897
1897
1897
1897
Par
Value
Amount
Outstanding
BONDS.
Rate
%
When
Payable
[VOL. L X X X X l l I .
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$1,000 $4,755,000
5 g J A J July 1 1921
N Y Office, 42 Broadway
1.000
1.250.000
6 g J A J Jan 1 1924
1.000 4.748,000
5 g J A J July 1 1914
do
1,000
2.856.000
5 g J A J Jan 1 1916
1,000 3.08.3.000
J A J July 1 1926
5
1.0001 a48.841.000 / 4 g J A J May 1 1989
do
1.000/
Q—J May 1 1989
t 4g
do
do
1,0001 a8,950.000 J 3H g J A J May 1 1989
do
1,000/
1 3 M g Q— J May 1 1989
do
1.000 2.155,000
4H J A D June 1 1913
do
1,000 n4.003.000
6
J A D June 1 1913
do
1,000 Ac 28.050.000
4 g J A J July 1 1934
do
do
500 fr Ac 48.176,655
4
J A D June 1 1925
1.000 154.959 000
4
Jan 1 1949
X
100 130,114.500 See text. 0 —J Oct 2 1911 1 H Co’s office 111 B’wav.NY
100 22.395.100 8 In 1911 Q—J Oct 2 1911 2%
do
1.000 12.832,000
7
Q— F Feb 1 1915
do
500 Ac
2.332.000
7
M A N May 1 1916
do
500 Ac d3,365,000
7 g M A S June 1 1917
do
100 Ac k4,038,500
7 g J & D Dec 1 1916
do
1.000 5.000,000
6 g M A N May 1 1921
do
do
1.000 1.281,000
6 g J A J July 1 1924
do
do
1.000 1.000.000
6 g M A S Mch 1 1925
do
1.000 4,148,000
5g
F A A Feb 1 1929
do
1,000
400.000
5
A A O Oct 1 1922
do
1,000 Ac 11.509.000 5 A 6
A A O Oot 1 1929
do
1.000 Ac 9.695.000
5
M A N May 1 1933
do
1.000 Ac g9,819.000
A 15 A O Apr 15 1921
5
do
do
1,000 Ac hl6.619.000
F 15 A A Aug 15 1926
4
do
do
1000 Ac/ m See text J 3H g M A N Nov 1 1987
do
do
1000 Ac/
do
do
1 3H g Q— F Nov 1 1987
1.000 Ac 1 m22500.000
M A N Nov 1 1987
4
do
do
1.000 Ac/
Q— F Nov 11987
4
do
do
a Also July 1911 additional gen mtge bonds In treasury ana'n ot Hste d (see te xt). n $1.08 9.000 ad dltlonal 1 n treasury.
Also In sinking fund July 1911: d $135,000.
xC oupon bonds J A J; register ed Q— J.
Bonds ($10,000,000 auth., viz., Issued at once, $350,000: reserved for
1910-11.
1909-10.
terminals, Ac., $1,750,000, and remaining $7,700,000 at not to exceed Average miles operated___________
7 M 9
7 'H O
85% of cost of new construction, or over $20,000 per mile. V. 90, p. 108. Passenger earnings_______________ I $14,077,757 $14,786,744
302: V. 91,p. 153. For year end. June 30 1911, (38 miles), gross, $175,508; Freight earnings.... ............. ......... .- 44,776,4 4 44,909,137
agst. $83,779 (31 miles) In 1909-10; net, $72,526, agst. $30,949; int., $23. Mall, express, Ac., earnings______ - 6,121,784
5,151,013
842; div. on com. (8% ), $24,000; bal., sur., $24,684. Pres., S. G. Latta;
Total earnings_________________ -$6 1,9/5,996' $04,840,894
V.-P. and Sec., E. Itlce, both of Dycrsburg, Tenn.; V.-P., John II. Watkins,
of way______________
$7,865,401 $8,472,825
2 Wall St., N. Y.; Treas., J. C. Doyle, Dycrsburg.— (V. 90, p. 302; V. 91, Maintenance
Maintenance of cars and engines. _ .. 8,839,384
7,724,569
p. 153; V. 92, p. 1374; V. 93, p. 796.)
Transportation and traffic________ .. 29,230,225 27,469,993
CHICAGO M I L W A U K E E & G A R Y R A I L W A Y . — This road, when Taxes'___________________________ .. 2,662,700
2,529.373
completed, will form an outer belt line 267 miles In length, extending from Miscellaneous___________ . I I I I I I - 1.118,709
1.123,610
Milwaukee, Wis., to Gary, Ind., connecting with all of the 32 main trunk
Total expenses_________________
$47,320,370
lines entering Chicago. Of this, Rockford, HI., to Delmar, 125 miles. Net earnings___________________ I. -$49,716,419
$17,526,524
Including Elgin Joliet A Eastern trackage between Aurora and Joliet, 22 Outside operations, net__________ --$15,259,577
195,668
207,620
miles, was in operation in July 1910. In March 1909 Interests represented Dividends on stocks ______________ - 5,005,115
804,880
by the St. Louis Union Trust Co. acquired practical control. V. 88, p. 085. Int. on Ch. M. A Pug. Sound bonds - 4,730,978
6,059.496
Stock authorized, $10,000,000: outstanding, $5,500,000: par, $100.
Other income (net)_______________ - 2,083,694
1,3-18,473
2, 89,175
BONDS.— On April 1 1908 a mortgage was executed to the St. Louis
Total net Income_______________ ..$27,335,031 $27,187,695 $20,’ 35,705
Union Trust Co. and Illinois State Trust Co. of St. Louis, as trustets.to Interest on funded debt___________ ■
-1 $8,372,348/ $6,651,215 $5,855,717
secure an Issue of $20,000,000 of 40-year 5% bonds, of which $5,702,000 Interest on European loan________
1
160,589
have been Issued to acquire the property of the Illinois Iowa A Minnesota Hire of equipment, rents, Ac___
- 2,004,369
1,690,943
and subsidiary companies, Improvements and equipment, the remaining Dividends on preferred (7 % )______ .. 8,115,233
8.115,233
$14,398,000 bonds being reserved for extensions to Gary and Milwaukee, Dividends on common (7 % )__
.. 8,116,220
8,116.220
equipment, terminals, elevators, coal docks and facilities at Gary and Mil
waukee, of which about $10,000,000 to be used at present to complete the | Total deductions----------------------$27,208,170 $2 ,737.36''
$126,801 $2,450,330
line. V. 86, p. 980; V. 88, p. 685. For year ending June 30 1911, gross, Balance, surplus....................... .......
$298,597; oper. def., $13,464. In 1909-10, gross, $313,945; oper. def., $23.
OFFICERS.— Chairman, Roswell Miller, 42 Broadway, New York;
381; charges, $156,180. Pres., Albert T . Perkins, care St. Louis Union President, Albert J. Earllng, Chicago; Treasurer, F. G. Ranney, Chicago:
Gen. Mgr., D. L. Bush; Seo., E. W. Adams, Milwaukee, Wls.
Trust Co., St. Louis.— (V. 88, p. 685.)
Directors— Roswell Miller, New York; A. J. Earllng, Chicago; L. J.
CHICAGO M I L W A U K E E & ST. P A U L R Y .— Operates from Chicago Petit, Milwaukee; J. Ogden Armour, Stanley Field, Chicago; Frank S.
westerly to St. Paul, Minneapolis and Lake Superior, Omaha, Neb., and Bond, William Rockefeller, Donald G. Geddes, John A. Stewart, Percy A . •
Kansas City, Mo., with lines traversing Illinois, Iowa, Missouri, Michigan, Rockefeller, Walter P. Bliss, Charles W. Harkness, John D. Ryan, New
Wls., Minn, and the Dakotas, viz.: (Map C. M. A Puget Sound Ry.,p.33) York. N. Y. office, 42 Broadway.— (V. 93. p. 162, 526, 528, 724.)
Road—
Miles.] Road—
Miles'.
CHICAGO A ll L W A UK E E & PUGET SOUND R Y . — (See M ap.)— Tills
Lines owned June 30 1911 (of
Second and third tracks________ 591
which 30 m. owned Jointly)..7,2961Trackage (Including 2d tracks)..277 road forms the Pacific extension of the Chicago Milwaukee A St. Paul Ry.,
completed through to Seattle and opened July 1909. Extends from Mo
H ISTO RY, Ac.— Org. May 5 1863 and on Feb.11 1874 took present name. brldge, S. D., to Seattle and Tacoma, 1,401 miles, Including 28 miles from
The Pacific extension, from western terminus at Mobrldge, S. D., to Black River to Tacoma owned jointly; branches completed \ug. 1911, 552
Seattle .and Tacoma, 1,461 miles, known under name of Chicago Milwaukee miles; branches under construction, 244 m.; total under mtge., 2,197 miles.
A Puget Sound Ry. (see statement below), was completed In June 1909; Also operates Tacoma Eastern R R., Tacoma to Morton, with branches, 95
552 miles of branches had been completed In Aug. 1911. V. 87, p. 543; miles. V. 91, p. 651. Incorporated In Washington Dec. 31 1908.
V. 88, p. 99, 294, 748, 882, 944, 1252. In July 1911 acquired 20% of stock
BONDS.—Total authorized Issue, $200,000,000, of which $154,959,000,
of Indiana Harbor Belt RR. V. 93, p. 162.
Tacoma A Eastern RR., Tacoma, Wash., to Grcnavon, 63 miles, with together with the entire auth. issue of $100,000,000 stock, were turned over
to the C. M. A St. P. Ry. treasury for $154,959,000 advanced for con
branches, 28 miles, total 91 miles, was acquired In 1909.
struction. In Mch. 1911 $25,000,000 of said bonds, guaranteed p. A 1. by
C A PIT A L STOCK.— The pref. stock has a prior right over the com. stock the C. M. A St. Paul Ry., were sold. V. 92, p. 593, 659, 725, 1374. Form
to a dividend of not over 7% from net earnings In each year, but If not of guaranty, V. 93, p. 588. Bonds cover road, terminals and equipment,
earned It has no'cumulative right. After payment of 7% on pref. and 7% and run to maturity. Auth. stock was Increased to $200,000,000 In May
on com., both classes share pro rata.
1911. V. 92, p. 955, 1031. Obligations due June 30 1911 for advances.
In December 1906 the stockholders subscribed pro rata for $66,214,400 $15,698,816.
pref. and $33,241,100 com. stock at par, payable In Installments to Mch. 1
DIVIDENDS.— Dlv.,2.7%, paid from earns, of fiscal year end. June 30
1909. This Increased the amounts outstanding to $116,274,900 pref. and
1910 and 2.3% In Aug. 1911 from those of fiscal year 1909-10. V. 93, p.526.
$116,348,200 common stock. V. 83, p. 1523; V. 84, .p 50, 101; V. 85, Pres.,
H. R. Williams, Seattle, Wash.
p. 98, 1338; V. 88, p. 293.
EARNINGS.— 2 mos.,/1911....... ...Gross, $2,695,064: net, $1,172,904
DIVS. since 1892—
1 ’93. '94. ’95. '96. ’97-’00. ’01. ’02-’ 10. 1911.
July l to Aug. 31. 11910________ Gross, 2,312,724; net, 1,152,334
On com mon.............. %\ 4
4
2
4 5 y’ly
6 7 y’ly
7
REPORT.— Report for year ending Juno 30 1911, In V. 93, p. 724,
On preferred.............. %J 7
7
7
7 7 y’ly
7 7 y’ly
7
(1,917 average miles): Operating revenues, $14,516,367; net (after
BONDS.— Abstracts older mtges.. V. 45, p. 114. 144, 212; V. 48. p. 830. showed
taxes),
$5,711,205: other Inc. (lncl. hire of equip., $1,729,431), $2,079,412;
The general mortgage of 1889 (see abstract In V. 48, p. 830) Is for $150,
Ac., $5,018,420: dlvs. (2.3%), $2,300,000; bal., sur., $472,197.—
000,000 to the United States Trust Co. of New York, as trustee, and covers Int.,
the entire railway property and franchises of the company (therein de (V 93, p. 526, 588, 724.)
CHICAGO & NORTH WESTERN R Y . — (See M ap.)— Operates an Im
scribed), subject to prior liens, which are paid as they mature.
portant system of roads uniting Chicago, III., with Omaha, Neb.; St. Paul,
In July 1911 gen. mtge. bonds were Issued or reserved as follows:
with the great wheat belts of Dakota, Nebraska, Ac., and with the
Amount In the hands of the public____________________________ $57,791,000 Minn.,
regions of Michigan and the Black Hills, Including—
Miles
In treasury of the company (unsold)......................_................. 38,600,000 mining
24
Road owned in fee—
Miles. Belle Fourche Valley....... .......
39
lines, Ao________________ 7,545 James River A North Western.
Total reported by the company as outstanding____________ $96,391,000 Main
Sundry trackage_____________
54
Entire
stock
owned—
Reserved for prior Hens________________________
$52,708,000 Princeton A Western_________
16
Remainder..............................................................................
901,000 Wolf River Valley____________
Total July 1 1910.................7,74.3
2
Second track...................
828
Paul Eastern Grand Trunk
Total authorized..................................................................$150,000,000 St.(leased)
___________________
60 Has large Interest In Ohio. St.
In Deo. 1909 $25,165,000 gen. mtge. 4s were sold, chiefly to pay off $12, De Pue Land A East. (leased)..
Paul Minn. A Omaha--------- 1,744
3
357,000 old bonds and for new lines, second main track and additional
HISTO RY. Ao.— A Vanderbilt line (V. 75, p 1086) organized In 1859.
equipment. V. 89. p. 1279, 1541, 1596, 1667.
In July 1884 the capital stock of the Fremont Elkhorn A Missouri Valley
In 1909 $28,000,000 of an authorized Issue of $50,000,000 4% 25-year was
acquired, and In Feb. 1903 the road was absorbed. Its securities, ex
debentures were sold. They are to be Included In any new mtge. V. 88. cept
those held by Chic. A N. W., are In table above. V. 75, p.514,516;
p. 1559; V. 89. p. 1223, 1346.
In
July
1911 acquired 20% of stock of Indiana Harbor Belt RR. V.93,p.886.
In May 1910 sold to a group of French banks 250,000,000 francs 15-year
River Valley A N. W . Ry. was Incorp. in 1909 to bulla branches
4% debs. They are to be secured by any new mtge. None of the Chic. James
from
Blunt
to Gettysburg and from Oneida to Hitchcock, So. Dak., 130
MUw. A Puget Sound Ry. stock now owned or hereafter acquired Is to be miles, and the
Milwaukee Sparta A Northwestern Ry., 178 miles. In Mil
sold while bonds are out. V. 90, p. 1424, 1489, 1554; V. 91, p. 38, 1710.
waukee, Waukesha and Dodge counties, Wls. In July 1911 about 100
GENERAL FINANCES, Ac.— The company owns all of the $100,000, miles had been completed and 250 were under construction. V. 89. p. 1410:
000 stock and $129,000,000 of the $154,000,000 1st M. 4s of the Chicago V. 91, p. 808.
Mllw. A Puget Sound Ry. ($25,000,000 bonds sold In Mch. 1911), see below.
C A PITAL STOCK.— Of the com. stock, $2,338,317, and of the pref. $3,Early In 1911 an Initial dividend of 2.7% was received on Chic. Mllw. A
remained In company’s treasury In July 1911. Pref. stock has prior
Puget Sound Ry. stock, yielding $700,000, and In Aug. 1911 2.3%, yielding S35.
right
to 7%; then com. 7%: then pref. 3%. then com. 3%; then both classes
$2,300,000. V. 93, p. 588.
In 1903 the authorized com. stock was Increased from $41,448,366
In 1910 the Union Pacific system (Oregon Short Line) owned $1,845,000 share.
to $77,601,045, and In Oct. 1906 to $177,604,800. V.'84, p. 157.
pref. stock. V. 87. p. 1549.
Stockholders
In Jan. 1910 subscribed for $30,502,650 common stock at
The refunding at 4% of the $22,097,000 5, 6 and 7% bonds maturing In par, raising the amount
outstanding to $130,121,500. V. 89, p. 1482.
1910 effected an annual saving of $460,440. V. 89, p. 1279.
In July 1910 U. P. system (Ore. Short Line) owned $4,018,750 stock.
EARNINGS.— 2 m o3.,fl0U ......... Gross, $10,539,998; net, $2,673,085
The consolidated sinking fund bonds of 1915 have voting power.
July 1 to Aug. 31. \1910_____ Gross, 11,339,842; net, 3,290,438
DIVIDENDS—
1 ______
’86-'93. ’94. ’95. ’96-’99. ’00. 1901. 1902-’l l .
A N N U A L REPORT.— Fiscal year ends June 30. Annual meeting Is Common _____________ l 6 y’Ty
3
4 5 y’ly
6
6
7 yearly
hold In Sept. Report for 1910-11 In V. 93, p. 724; editorial p. 696.
JPreferred............
----7 yearly---------- ---— 8 y’ly—
M A P
&
CH ICAGO
O F
St. Hilaire
T H E
% Demi's Lake I.arlinoTe
receives
iCroXkaton
Now Rockford'
NORTHWESTERN
Junction;
SykestODj.
'iifmcD
.Eosstbn
Lake
Winnebiyoshish
iEentUa
R
A I L W
A Y
S Y S T E M
Alton1
Coop»ri
.
jGrand Rapids,
leech Txike
■Chicago &. North-Western Railway
■tChicago St.Paul, Minneapolis Si Omaha Ry.
b is m a r c <
jc .
t
Tark
.Rapids
Everest'S
Davenport
nor'
Lisbon
D
L
iBnrnesvlllo
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/
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iornea Klvor
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Mllnoro ^ i ^ t O
MJSON
.Lincoln'
lercer
Little Falls
^ S U P E R IO R JC.‘
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Columbil
'SaukXentro'
7
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SPOONER
GROTON
'urtlo L a k e^ U ^ s
t \ N A T E R /f Q 5~O-V"
^
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Moreau
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«
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* !*■ ■ «■ *> N e w e l l
fc^Dmiesota
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of>S
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Gillette
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$
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R A IL W A Y
fcibieY
Seville
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j-GONA
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$ Beatrice x j c .
laukakei
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SPRINGFIELD
m
R A IL W A Y
R A IL R O A D C O M P A N IE S
{For abbreviations, & c., see notes on first page. ]
C h ic a g o & N orth W e ste r n ( Continued)—
M a n lt Gr B a y & N W 1st g gu M ( V 8 8 ,p 2 3 0 ) F .c * &i
M llw & S ta te line 1st M g gu ( V 8 8 , p 2 3 0 ) . . F . c ’ &r
STOCKS AN D
Date
M iles
Road Bonds
Amount
Outstanding
$ 3 ,7 5 0 ,0 0 0
2 .5 0 0 .0 0 0
1906
1906
Sl.OOO&c
1 .0 0 0 &c
00
119
26
56
105
85
125
33
19 5
1 ,1 7 0
235
235
235
1898
1 8 99
1 8 99
1 9 00
1901
1901
1901
1 9 00
1900
1 8 83
1900
1900
19 00
1 .4 4 0 .0 0 0
1 .0 0 0 &c
1 .9 0 4 .0 0 0
1 .0 0 0 &c
p 4 1 6 ,0 0 0
1 ,0 0 0
1 .0 0 0 &c N o n eJ u ly '1 1
1 .0 0 0 &c u 1 ,9 4 0 ,0 0 0
2 .1 2 5 .0 0 0 .
1 .0 0 0 &c
1 .0 0 0 &c 0 3 .9 2 6 .0 0 0
5 2 8 .0 0 0
1 ,0 0 0
3 .9 0 0 .0 0 0
1 .0 0 0 <fcc
7 .7 2 5 .0 0 0
1 ,0 0 0
2 ,0 0 0 .0 0 0
1 ,0 0 0
,0 0 0 ,0 0 0
1 ,0 0 0
,0 0 0 .0 0 0 U p
1 ,0 0 0
l .12
3 .5
1909
1 9 10
1902
1 9 09
2
2
Xeic Securities to be Issued under Reorganization Plan
S to c k , $ 4 .0 0 0 , 0 0 0 .................................................................
G en an d refu n d in g M $ 1 5 ,0 0 0 ,0 0 0 gold red tex t
C h ic a g o R iver & In d iana R R -1 st M
-------£}C
M ortgage $ 5 ,0 0 0 ,0 0 0 g red beg O c t 1 9 1 5 . .
- -M C
C hic R I & P ac R R — C oll tr M $ 7 5 , 0 0 0 , 0 0 0 . _ C e .c * & r
C h ic a g o R o ck I si & P acific R y — S to c k J $ 7 5 ,0 0 0 ,0 0 0 ) .
7 6 5 18 77
First M C h ic , 111., to C ouncil B lu f f s * branches U s .c *
2 .3 9 5 1 8 9 8
G eneral m o r tg a g e $ 1 0 0 ,0 0 0 ,0 0 0 g o ld ............. B a .c '& r
19 02
C oll tr M g Ser I to P d u e y e a rly red 1 0 1 4 4 --C e .c *
1 9 04
R e f M $ 1 6 3 ,0 0 0 ,0 0 0 gold red 10 5 t o 1 9 1 1 .. C e . c * & r T e x t
2 9 2 1881
C edar R a p id s I F & N W 1st m tg e gold g u a r ..C e .c
9 9 8 1 8 84
B C R & N o r c onsol first m o rtg a g e g o ld . _C e .c *& r
12 1 8 77
M in n eapolis & S t L ou is 1st M gold (a s s u m e d )------- F
113 1885
R o ck Islan d & P eoria cons 1st M ( V 7 5 , p 3 0 ) . J l p
351 1894
C hoc O & G general (n o w 1st) M $ 5 ,5 0 0 ,0 0 0 g .c * & r
2 8 2 1899
C hoc * M e m 1st M $ 3 ,7 5 0 ,0 0 0 a s s u m e d . _ G P .c & r
1899
L R o c k B rid ge 1st M assu m ed g red ( t e x t ) - G P .c *
3 3 5 19 02
C onsol m tg e g o ld ........... ................................................(JP.c*
1910
308
R I A & I, 1st M $ 3 0 ,0 0 0 ,0 0 0 g gu red 10 5 lla .x c * &r*
In a d d itio n , sin kin g fu n d O c t. 1911 held: g $ 1 8 1 ,0 0 0 ; h $ 2 ,0 1 3 ,0 0 0
p all In sin kin g fun d
1 ,0 0 0
1 .0 0 0 &c
........... lo o
1.000 &c
1 .0 0 0 &c
1 ,0 0 0
500 &c
1 ,0 0 0
1.000 &c
500 &c
1.000 &c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 0 0 &e
k $20 2 ,5
B O N D S .— General Mortgage.— S ec A b str a c t in V . 6 5 , p . 1 1 7 5 .
The
a u th orize d Issue is $ 1 6 5 ,0 0 0 ,0 0 0 ( U . S . T r u st C o ., tr u s t e e ); $ 1 3 1 ,6 4 5 ,0 0 0
were reserved to retire u n d erly in g bon d s (of w hich $ 4 6 ,5 9 5 ,0 0 0 had been
retired to Ju n e 3 0 1 9 1 1 ), an d rem aind er for a d d ition s an d Im p r o v e m e n ts,
$ 4 ,0 0 0 ,0 0 0 a t on ce an d $ 1 ,0 0 0 ,0 0 0 a y e a r th e re afte r.
V . 65 , p. 1070; V . 6 5 .
p. 6 9 , 111. 57 1 ; V . 7 5 , p . 980: V . 8 8 . p . 28 0 , 56 3.
In N o v . 1 9 1 0 $ 1 5 ,0 0 0 ,0 0 0
ge n . 4s w ere sold to retire $ 1 2 ,0 0 0 ,0 0 0 prior b on d s and for o th er p u rp oses,
an d In A p r il 1 9 11 $ 7 ,5 0 0 ,0 0 0 to retire $ 6 ,5 0 0 ,0 0 0 old bon d s and for o th er
p u rp oses.
O n Jun e 3 0 lO lliJth ere were $ 3 0 ,2 7 1 ,0 0 0 ge n . 3 1 4 s o u tsta n d in g
an d there w ere ow n ed b y th e c o m p a n y an d d u e from th e tru stee $ o ,8 2 2 ,0 0 0 b o n d s.
V . 9 1 , p . 1385; V . 9 0 . p . 1489; V . 9 2 , p. 117. 1178.
T h e sinking f und bonds of 1 8 79 are secured b y d ep osit in tru st o f 5 1 5 .0 U 0 ,0 0 0 o f 1st M . b on d s a t $ 1 5 ,0 0 0 per m ile on su bsid iary lin es, th e m o st im
p o rta n t b ein g d escribed l a “ S u p p le m e n t” of M a y 1 8 9 4 .
O f th e sln ktng fu n d
bon d s o f 1 8 7 9 , $ 5 ,3 1 3 ,0 0 0 arc 6 s; th e sin kin g fun d is a tlle a s t 1 % o f ou t
sta n d in g b o n d s, w hich are su b je c t to call a t 1 0 5 , an d th rou gh Its o p eration
th ose o u tsta n d in g h a v e been red u ced from $ 1 5 ,0 0 0 ,0 0 0 to a m o u n t in ta b le .
T h e extension bonds o f 1 8 8 6 are secured b y d ep osit In tru st o f first m o r t
g age b on d s at a rate n ot ex ce ed in g $ 2 0 ,0 0 0 p e r n ille .
In clu d ed In th e c o u a teral ~ ' '
*“
"
w ~ ' r~ "
” "
$:
m iles (F r e m o n t, N e b ., to D e a d w o o d , S . D . , 5 5 7 m iles, an d b ranches to
H a s tin g s . A lb io n , * c . , 6 1 3 m ile s); b u t besides th e a m o u n t o f Issue g ive n as
o u tsta n d in g In the ta b le, $ 1 0 ,6 7 5 ,0 0 0 (alon g w ith $ 2 ,5 6 0 ,0 0 0 W y o m in g
C en tral firsts, a F . E . & M . V . issue) are held as p a rt c ollateral for C hicago
& N o rth W e ste rn ex te n sion b on d s o f 1 8 8 6 .
G E N E R A L F I N A N C E S .— S to c k h o ld e rs In F e b . 1 9 07 su bscrib ed for
$ 2 4 4 0 1 .6 0 0 c o m . sto ck a t par an d In J a n . 1 9 09 for $ 3 0 ,5 0 2 ,6 5 0 a d d ition al
sto c k . V . S3, p. 37 9, 81 7. 1098; V . 8 9 . p . 1482.
N e w passenger term in als
in C hicago c o stin g ove r $ 2 3 ,0 0 0 ,0 0 0 w ere op en ed Jun e 4 1 9 1 1 . V . 8 7 , p . 4 7 9 ,
8 8 1 11 59 ; V . 8 9 , p . 6 7 0 ; V . 9 1 , p . 8 0 7 ; V . 9 2 , p . 1 7 0 0 .
In J a n . 1 9 0 9 sold
$ 1 6 ,2 5 0 ,0 0 0 :iy>s. in clu d ing $ 1 0 ,0 0 0 ,0 0 0 generals, and In N o v . 1 9 1 0 $ 1 5 ,
0 0 0 ,0 0 0 an d In A p ril 1911 $ 7 ,5 0 0 ,0 0 0 g e n . 4 s .
V . 9 1 , p . 138o.
E A R N I N G S .— F or 2 m o s . en d in g A u g . 3 1 :
,
2 M os—
Gross.
Net.
Oth. Inc.
Charges. B a l., S u r.
1 9 1 1 ________ $ 1 2 ,9 0 7 ,4 7 2
$ 3 ,5 0 0 ,4 7 5
$ 6 4 4 ,0 5 0
$ 1 ,4 1 4 ,7 9 6 $2 7 2 9 ,7 2 9
1 0 1 0 . . ____ . 1 3 ,0 6 7 ,2 1 3
3 ,4 4 2 ,3 8 5
6 8 2 ,0 2 2
1 ,4 1 0 ,5 3 6
2 ,7 1 3 ,8 6 1
"R E P O R T .— T h e an n u al m eetin g Is held the third T h u r sd a y In O c to b e r .
R e p o r t for 1 9 1 0 -1 1 a t length In V . 9 3 , p . 8 6 4 , 8 8 3 ; ed itorial, p . 9 1 1 .
Operating Revenues
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
A v e r a g e m iles o p e r a te d ......
7 ,7 1 9
7 ,6 2 9
7 ,0 3 o
F reigh t r e v e n u e ......................... $ 4 9 ,0 2 4 ,9 5 8
$ 4 9 ,5 3 6 ,S 3 9 $ 4 3 ,6 1 9 ,0 9 1
P assen ger r e v e n u e . . ------------------------------- 1 9 ,1 1 8 ,8 8 4
1 8 ,4 3 1 ,0 1 7
1 6 ,8 7 o ,6 6 S
M a ll, ex p re ss, & c __________
6 ,7 7 4 ,3 4 4
6 ,2 0 7 ,8 2 8
5 ,4 8 3 ,7 1 2
T o ta l op eratin g r ev e n u es................... . $ 7 4 ,9 1 8 ,1 8 6 $ 7 4 ,1 7 5 ,6 8 4 $ 0 5 ,9 7 8 ,4 7 1
T o t a l n et i n c o m e . . . ...................................... $ 2 1 ,7 6 9 ,2 3 1 $ 2 1 ,5 2 5 ,3 7 1 $ 2 2 ,6 1 0 .7 o 5
8 1 8 .8 4 8
1 ,3 9 7 ,2 7 8
R e n ts— d e b i t s ____________________________
1.2 0 0 ,0 2 3
7 .6 0 3 ,9 2 6
7 ,7 2 7 ,5 0 7
7 ,5 8 3 ,4 4 7
In te r e st on b on d s, & c __________________
2 5 2 ,6 8 7
S in k in g fu n d s and other p a y m e n t s ..
2 4 6 ,1 4 9
2 3 8 ,6 0 1
6 ,9 7 2 ,9 0 3
D iv id e n d s on c o m m o n sto c k , 7 % _____
9 ,1 0 8 ,0 1 5
8 ,0 4 0 ,4 3 8
1 ,7 9 1 ,6 0 0
1 .7 9 1 .6 0 0
D iv id e n d s on preferred sto c k , 8 % ___
1 ,7 9 1 ,0 0 0
$ 2 ,4 6 6 ,4 5 9
$ 5 ,1 7 0 ,7 9 0
B alan ce , su rp lu s ______________________ $ 1 ,7 0 3 ,4 8 5
O F F T C E R S .— P r e s.. W m . A . G ard n er, C h icago: V . - P . , S . A . L y n d e ;
S e c ., J oh n D a v is C ald w ell, C hicago; T r e a s ., M . B . V a n Z a n d t, 111 B ’ w a y .
D ire ctors.— M arvin H u g h ltt (C h a irm a n ), W . K . V a n d e r b ilt, F . W . V a n
d e r b ilt, C h au n cey M . D e p e w , J am e s S tlilm a n , J am e s C . F a rg o , W . K
V a n d e rb ilt J r ., N . Y . ; B y ro n L . S m it h , C yru s I I . M c C o rm ick , C h au n cey
K e e p , J ohn V . F arw ell, W m . A . G ard n er, C h ic a g o ; I I . C . F ric k , P itt s
b u r g h , P a .; D a v id P . K im b a ll, O liver A m e s , B o sto n ; Z en a s C rane, D a lto n
M a s s .; Ilo m c r A . M iller, Des M oin es, l a . — ( V . 9 3 , p . 1 6 2 , 8 6 4 , 8 8 3 .)
CHICAGO PEORIA & ST. LOUIS R Y .— R O A D . — O w n s from P ek in to
G ran ite C ity , III., 180 m iles; G ran ite C ity to M a d iso n , 2 m iles; M ad ison to
B ridge J e t ., 3 m .; H a v a n a to J a ck so n v ille , 111., 4 2 m .; b ran ch , L o c k h a v e n
to G r a fto n . 8 m .; to ta l o w n e d , 2 3 5 in .; tra ck a g e, P ekin to P eoria, 10 m .;
In S prin gfield , l 44 in .; to S t . L o u is S ta tio n , 9 m .: to ta l 2 5 5 44 m iles.
O n J u ly 1 1 9 09 P res. J oh n P . R a m s e y an d H e n r y M . M errlam o f S prin g
field, 111., were ap p o in ted receivers, th e J an u ary and J u ly 1 9 09 c oup ons
on th e consols b ein g In d e fa u lt.
V . 89, p. 41.
T h e C hic. P eoria & S t . L .
R R . w as In corporated as su ccessor on D e c. 6 1 9 0 9 , w ith $ 4 ,0 0 0 ,0 0 0 a u th .
sto ck .
V . 8 9 , p . 1541.
F a v o r a b le decision In 2 -c e n t fare su it J u ly 1 9 1 1 .
V . 9 0 , p . 1675; V . 9 3 . p . 2 2 9 .
Security-holders' Committee.— C harles I I . W a r r e n (C h a ir m a n ), George F .
B ak er J r. an d A lfr e d S h e p h erd ( W . W . S te v en so n 3 4 N assau S t . , S ecretary;
B a n k ers’ T r u st C o ., N . Y . , d ep o sita ry .)
P L A N .— T h e p lan o f th e a b o v e c o m m itte e , declared op era tiv e O c t. 2 6
1 9 0 9 , p rovides th a t a new c o . sh all acqu ire th e road after foreclosu re, su b jec t
to th e $ 2 ,0 0 0 ,0 0 0 prior lien m tg e . o f 1 9 0 0 , o f w hich $ 1 ,9 5 0 ,0 0 0 are ou t
sta n d in g .
T h e c o m m itte e is given p ow er to sell In th e c o m m o n In terest.
T h e plan ( V . 8 9 , p . 2 8 5 ) au th orizes an Issue o f $ 1 5 ,0 0 0 ,0 0 0 “ general an d
refu n d in g ” 3 0 -y e a r gold 444s.
P resen t Issue, $ 2 ,8 5 0 ,0 0 0 , of which the
$ 1 ,1 0 0 ,0 0 0 Issuable In ex ch an ge for th e old consols an d unpaid cou p on s are
to bear o n ly 3 % Interest for th e first 6 y e a rs.
For six years th e new bonds
are to b e su b je c t to call a t par on a n y In t. d a te on 6 0 d a y s ’ n otice; thereafter
a t 107 44 . O f th e b o n d s, $ 2 ,0 0 0 ,0 0 0 will be reserved to refund prior Uen|bonds
an d $ 1 5 0 ,0 0 0 for use to aid In refu n d in g , an d $ 1 0 ,0 0 0 ,0 0 0 for e x te n sion s, A c
For Each Old.
Basis of Exchange of Old Securities for New
Out.
I f P a y.
R ef. 4
50(11)0
5 1 ,0 0 0 C on sol. M . b o n d s . . $ 2 ,0 0 0 ,0 0 0
100 O ve rd u e c o u p o n s . .
1 0 0 ,0 0 0
*5 0 0 0
1 .0 0 0 0 0
1 .0 0 0 E q . & car tr u s ts —
1 8 1 ,0 0 0
100 0 0
1 .0 0 0 In c o m e M . b o n d s . . 2 ,0 0 0 ,0 0 0
$100 00
7 00
100 P referred s t o c k _____ 3 ,7 5 0 .0 0 0
7 (X)
100 C o m m o n s t o c k _____ 3 ,0 0 0 ,0 0 0
3 00
3 00
• In tere st on theae b on d s reduced to 3 % for first six years.
Rate
114
50
Branch Line Bonds Assumed
B o y er V a lle y R y 1st M g $ 1 6 ,0 0 0 per m ll e .F .c * & r
M in n & l a R y 1st M gold $ 1 6 ,0 0 0 per m l l e . . F . c * & r
M a n k a to & N e w U lm 1st M gold $ 4 1 6 ,0 0 0 . .F .c * & r
S ou th ern Io w a first m tg e $ 1 ,1 2 0 ,0 0 0 g o l d ._ F .c * & r
P rinceton & N o r th w 1st M S 2,l0O ,O 0O g o ld -_ F .c & r
P eoria & N o r th w e st 1st M $ 2 ,1 2 5 ,0 0 0 g o ld -_ F .c & r
S io u x C ity & Pacific 1st M gold $ 4 ,0 0 0 ,0 0 0 . -F .c & r
M inn & S o D a k 1st M gold $ 5 2 8 .0 0 0 ...................... -F .e *
Io w a M in n e so ta & N o rth w e ste rn 1st M g o ld _ F .c * & r
Frem E lk & M V eons M $ 2 5 ,0 0 0 per m ile assu m ed
C h icago P eoria & St L,— Pr lien M g call a t 107 14 - 1 a.c*
C onsol m tg e $ 2 ,0 0 0 ,0 0 0 g old cali a t 1 0 5 ------------T a .c *
In c o m e m tg e gold (te x t) n on-cu ra c all a t p a r -----------
Par
Value
[V O L . L X X X X I I I .
BO NDS.
%
When
Payable
Last Dividend
and Maturity
J Jan
J Jan
344 g J
3 3 4 St J
A
A
3 44 g ,T
3 4$ g J
3 44 g A
3 44 g M
3 44 St J
3 44 g M
3 44 it F
3 44 g J
3 44 St J
A
6
44 4 g M
J
5 g
t o 5 % wh
& D
& D
A
<)
S
A
.1
A
S
A
A A
J
A
.1
&
& ()
S
&
&
J
earn .
Dec
Jun e
O ct
S ep t
Jan
M ch
Aug
Jan
Jan
O ct
Mch
J u ly
J u ly
Places Where Interest and
Dividends are Payable
1 1941
1 1941
C o’ s o f f . 111 B ’ w a y , N Y
do
do
1 1923
1 1924
l 19 29
1 1 9 25
1 1 9 26
1 19 26
1 1 9 36
1 1935
1 1 9 35
1 19 33
1 1 9 30
1 1930
1 1 9 30
do
do
do
(lo
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
L ib e r ty N a tio n a l B an k
J u ly 1 9 0 8 cou p la st paid
4 .0 0 0 .
000
See
2 .0 0 0 .
0 0 0te x t S c m l-a n 3 0 years
J Jan 1 1929
J
&
5
2 5 0 .0 0 0
() O ct 1 1930
A
*
5 £
2 5 0 .0 0 0
N N ov 1 2002
M *
7 1 .3 3 9 .0 0 0
-I g
S S ep t 1 1913
M &
See te x t
S ep t 3 0 ’ l l 144
Q u ar
7 4 ,8 7 7 ,2 0 0 5 34 In’ l l
,T Ju ly 1 19 17
J
&
6
1 2 .5 0 0 .0 0 0
J Jan 1 1 9 88
&
J
6 1 .5 8 1 .0 0 0
4 £
M & N M a y 1 9 1 2 -1 9 1 8
4 g
1 0 .4 5 8 .0 0 0
6) A p r l 1 9 34
A
*
4 g
9 1 .4 4 2 .0 0 0
O O ct 1 1921
A
*
1 .9 0 5 .0 0 0
5 £
& o A p r 1 1934
A
5 £
1 1 ,0 0 0 ,0 0 0
J
&
1) Ju n e l 1 9 27
7 g
1 5 0 .0 0 0
J J u ly 1 1 9 25
J
&
6
4 5 0 .0 0 0
J O c t l 1 9 19
J
&
5 .5 0 0 .0 0 0
5 g
J Jan 1 1 9 49
J
a
5 g
3 .5 2 5 .0 0 0
J
&
.1 J u ly 1 1 9 19
6 g
1 9 5 .0 0 0
N M a y 1 1 9 52
M *
5 g
5 .4 1 1 .0 0 0
S Mch l 1 9 34
1 1 ,0 0 0 .0 0 0
4 44 g M *
0 0 ; m $ 1 ,0 4 5 ,0 0 0 (als o $ 1 9 ,7 9 2 ,0 0 0 on h a n d );
M erch L o a n & T r C o , Chi
F irst N a tio n a l B a n k , N Y
F irst N a t B a n k , N Y
do
do
do
do
F irst N a tio n a l B a n k , N Y
do
do
do
do
do
do
do
do
do
do
do
or P h lla
do
or P hlla
F irst N a tio n a l B a n k , N Y
I
do
or P hlla
do
or E u rop e
n $ 1 6 0 ,0 0 0 ; o $ 7 4 ,0 0 0 ;
O u t o f th e $ 2 ,8 5 0 ,0 0 0 “ general & refu n d in g ” 4 44«. $ 8 5 0 ,0 0 0 will b e placed
In the tre asu ry, and It Is e stim a ted th a t after p rovid in g for th e (loafin g d eb t
the new c o m p a n y will h a v e free treasu ry assets in cash and “ general and re
fu n d in g m o r t g a g e " bon d s of ove r $ 1 ,0 0 0 ,0 0 0 to m a k e n eeded Im p ro v e m e n ts.
T h e new c o m p a n y will h a v e a fixed an nu al charge of a b o u t $ 1 5 4 ,0 0 0 for
th e first 6 ye ars, w hich will b e th ereafter Increased a b o u t $ 1 5 ,0 0 0 b y the
Increase In rate from 3 % to 4 4 4 % on the $ 1 ,1 0 0 ,0 0 0 new b o n d s Issued In
ex ch a n g e for old con sols.
S ecu rity-h old ers w ho prefer n ot to m a k e a cash p a y m e n t as a b o v e p rovid ed
are offered In n ew sto ck a t face valu e v o tin g tru st certificates for $ 1 ,0 0 0
In com e m tg e . b o n d s, $ 6 0 In new sto c k : for $ 1 0 0 p ref. s to c k , $4 In new sto c k ;
for $ 1 0 0 c o m m o n s to c k , $2 In n ew sto c k .
E A R N I N G S .— 12 m o s . , / 1 9 1 0 - 1 1 _______ G ross, $ 1 ,7 6 6 ,3 0 0 ; n e t, $ 2 1 0 ,7 0 9
1 ,7 0 6 ,9 6 7 ; n e t. 2 8 1 .8 5 0
J u ly 1 to Jun e 3 0 .
1 1 9 0 9 -1 0 _______ G ross,
R E P O R T for year to Ju n e 3 0 1 9 1 0 w as In V . 9 2 , p . 1 1 3 , sh o w in g : G ross.
$ 1 ,7 6 6 ,9 6 8 ; n e t, after t a x e s , $ 2 2 8 ,0 6 5 ; oth er In com e, $ 6 ,9 7 8 ; interest (not
Incl. co n so i. M .) an d ren tals, $ 1 2 2 ,9 8 8 : b a l.. s u r ., $ 1 1 2 ,0 5 5 .
Chief E x c c .
O ffic er, J oh n P . R a m s e y , S p rin gfield , III.: S ec . and A u d .. I I . W . B erger.
S prin gfield , 111.: T r e a s ., F . J . W ils o n .— ( V . 9 2 . p . 1 1 3 : V . 9 3 , p . 2 2 9 .)
CHICAGO RIVE R & INDIANA R R — See p age 1 7 5 .
CHICAGO ROCK ISLAND & PACIFIC R A I L R O A D.— In corp orated in
Io w a on J u ly 31 19 02 as an op eratin g c o m p a n y per plan V . 7 o . p . 2 3 9 , to
tak e over th e C hic. R . I . & P a c . Railway.
T h e en tire c a p ita l stock ( $ 1 4 5 ,
0 0 0 ,0 0 0 ) Is ow n ed b y T h e R o c k Islan d (holding) C o.
B O N D S .— T h e c ollateral tru st 4s o f 2 0 0 2 (au th orized Issue $ 7 5 ,0 0 0 ,0 0 0 )
are secured b y a pled ge w ith th e tru stee of an eq u al a m o u n t of the sto ck o f
T h e C . R . I . & P . Railway as ac q u ired .
In A u g . 1911 $ 7 1 ,3 3 9 ,5 0 0 o f th e
$ 7 4 ,8 7 7 ,2 0 0 Railway s to c k h ad b een acqu ired .
T h e $ 1 7 ,3 6 4 ,1 8 0 5s secured b y S t . L . & S . F . c o m m o n sto ck w ere called
for p a y m e n t a t 1 0 2 44 an d Interest on F e b . 1 1 9 1 0 , callin g for $ 1 7 ,7 9 8 ,2 8 2 .
the sale o f th e sto c k , it Is u n d ersto o d , realizing $ 1 0 ,8 5 2 ,6 1 2 .
T h e rem ainder
o f th e purchase price o f th e c o lla t. tru st 5s w as provided b y th e sale o f
$ 7 ,5 0 0 ,0 0 0 new 5s d ue S e p t. 1 9 1 3 , w hich w ere p urchased by T h e C . R . I . <8c
P . R y . an d are held In Its tre a su r y .
V . 8 9 . p . 1 6 6 7 .— ( V . 9 1 , p . 1 1 5 4 .)
CHICAGO ROCK ISLAND & PACIFIC R Y . — (See M a p Rock Island C o.,
pages 118 and 1 1 9 .) — T h e sy ste m e x te n d s from C h icago, 111., via O m a h a .
N eb
to D en ver and C olorad o S p rin gs, C o l., a n d , via K a n sa s C ity , M o ., to
S a n ta R o sa N ew M e x ., th ere con n ec tin g w ith th e lines of th e E l Paso &
S W R R Co and fo rm in g w ith th e m and th e S outhern Pacific a throu gh
dne to th e P aclllc C oast; also from 'r u cu m c a r l, N . M ., to M e m p h is, T c n n .
an d to F o r t W o r t h , T e x ., on th e sou th and on the north to M in neapolis,
M inn
an d W a t e r t o w n , S . D . , w ith n um erous b ranches, v iz .:
Cap. Stk. all owned (2,181 m.) M iles
Owned in Fee ( 4 ,9 3 0 M ile s). M iles.
C h icago, 111., to C ol. S p g s ., C o l . l , 06 3 C h o c . O k la . & G u lf ( l e a s e d ) .. . 9 6 7
D a v e n p o r t, l a . , to T e rra l, O k la . 7 0 8 C h . R . I . A E l P aso R y .............. _ 153
C h . R . I . A G u lf R y . ...................... 4 6 9
Ile r in g to n , K a n ., to T e x h o m a .
_______________________
3 2 3 S t . L . K . C . A C ol. R R __________ 2 8 4
O k la
B u rlin g to n , l a . , to M ln n ’ p .M ln n . 3 0 8 R o c k Isla n d , A r k . A L a . R R . 3 0 8
Perpet. lease; treated as owned—
V in to n , l a . , to W a t e r t ’ n , S . D . 3 / 6
47
B ranch lin e s_______________________ 2 ,lo 2 P eoria & B ureau V a lle y R R . C o.
T o ta l m ileage ow n ed d irectly an d throu gh cap ital sto c k , A c .............. . . 7 , 1 5 8
Leased Lines (see statement for each). K e o k u k -A Des M oin es R y ., 162
m • W h ite A B lack R iv e r V a lle y R y . C o ., 6 2 m .: L ittle R o ck A H o t
S prin gs W e ste rn R R . (purchased J u ly 1 9 1 1 , V . 9 3 , p . 3 4 5 , 4 6 9 ) , 2 2 m .
Trackage: D e n v e r , P u e b lo , K a n sa s C ity , A c ----------------------------------------------
246
620
T o t a l m ileage J un e 3 0 1 9 1 0 .................................- .......................... - ....................... 8 ,0 2 4
T h e R o c k Islan d Interests In A p ril 1 9 06 acqu ired a h alf Interest In th e
T r in ity & B razo s V a lle y R y .. ow n in g a line from C leburne to H o u sto n , T e x .,
2 3 6 m iles, w ith branch to W a x a h a t c h le , 6 7 m iles, and tra ck age righ ts from
C leburne to F ort W o r t h , W a x a h a tc h le to Dallas and H o u sto n to G a lv e sto n .
E xten sio n from H a sk ell. A r k ., to C rossett. A r k ., an d to E u n ice, L a .,
3 0 8 m iles- u nder charter o f R o c k Islan d A rk a n sas A L ou isiana R R . w as
co m p leted early in 1 9 0 8 .
S ee B O N D S b elo w .
In M a y 1 9 1 0 113 m iles
were op en c-l from A m a r illo , T e x . , w est to T u c u m c a r l, N . M .
H I S T O R Y . — A con so lid a tio n Ju n e 2 1 8 8 0 w ith $ 5 0 ,0 0 0 ,0 0 0 sto c k .
In J u ly 1911 $ 7 1 ,3 0 9 ,5 0 0 o f th e $ 7 4 ,8 7 7 ,2 0 0 cap ital stock had been de
posited per plan V . 7 5 , p . 2 3 9 , each $ 1 0 0 sto ck b ein g exch an ged for th e fol
low in g secu rities: $ 1 0 0 In 1 0 0 -y e a r 4 % gold bon d s of the C hic. R . I . A P a c .
Railroad (of Iow a) and $ 7 0 p ref. and $ 1 0 0 c o m . sto ck o f T h e " R o c k Island
C o m p a n y ” (of N ew J e r se y ), w hich ow ns the entire cap ital sto ck o f th e
Railroad c o m p a n y . S ee sta te m e n ts for th ose c om p an ie s.
T h e properties o f th e form er B u rl. C edar R a p id s A N o r . an d R o c k 1st. A
P eoria arc now ow n ed In fe e .
V . 7 4 , p . 1194, 1250.
S toc k h old e rs v o ted
D e c. 15 1 9 10 to m erge th e C hicago R . I . & E l P a so , 153 m .
D IV ’S—
J’ 9 9 - ’ 0 2 . ’ 0 3 . ’0 4 . ’ 0 5 . ’ 0 6 . ’0 7 . ’ 0 8 . ’0 9 . ’ 1 0 .
1911.
Since 1 8 9 9 . . % / 5 y ’ ty . 74 4 8 34 7 .8 8 6
534 54 4 5 44 4 4 4 1.1 44.1 44.1 44
D iv id e n d s are Intended to cover o n ly Interest req u irem ents o f tho C h ic.
R . I . A P a c . Railroad C o ., w hich were reduced on sale o f th e S t . L . A S . F .
sto ck la te In 1 9 0 9 .
V . 90, p. 626, 628.
B O N D S .— O f th e general 4s o f 1 8 9 8 , th ose u nissu ed arc a v a ila b le as fol
low s: $ 1 8 ,9 0 0 ,0 0 0 a t n ot ove r $ 1 ,0 0 0 ,0 0 0 per an n u m for perm an en t Im prove
m en ts an d ad d itio n s, ln cl. e q u ip m e n t; B an k ers’ T ru st C o ., N ew Y o r k , an d
B en|. S tr o n g J r ., tru stees.
M tg e . A b s tr a c t In V . 6 6 , p . 5 2 2 ; V . 7 8 , p . 2 2 8 ;
T h e c ollateral tru st gold 4s o f 1 9 02 ( $ 2 4 ,0 0 0 ,0 0 0 au th orized ) arc secured
b y d ep osit o f all sto ck o f C h oc. O k la . & G u lf R R . V .7 4 ,p .7 7 5 . 8 2 9 , 9 3 6 . 1 3 5 6 .
New Slock.
R E F U N D IN G 4 % B O N D S O F 1 9 04 ( $ 1 6 3 ,0 0 0 ,0 0 0 A U T IIO R IZ E D IS S U E )
$625 00
62 50
A first lien (either d irectly or through pled ge o f entire Issues o f bon d s of
th e com p an ies ow n in g th e sam e) on term in al p rop erty In S t. Paul and M in
n eap olis, new eq u ip m en t and sh ops a t S llv ls, near E a st M olin e, III., an d on
railw ays aggre gatin g 1 ,1 5 5 m iles; also a Junior Hen su b jec t to ex istin g m ort
gages on all th e other lines o f the sy stem of th e Railway c o m p a n y , aggregat
in g, ex clu sive o f leased lines an d tra ok ag e, 5 ,6 8 2 m iles. See V. 7 8 , p. 228,
234: V . 7 9 . p . 1716, 2 2 0 6 : V . 8 4 . p. 2 1 9 ; V , 8 5 . p. 9 8 : 14 7 8 .
400 00
-’ 4 5 0
9 00
O ct ., 1911.]
RAILWAY STOCKS AMD BONDS
37
38
RAILWAY STOCKS AND BONDS.
„ R A IL R O A D C O M P A N I E S
[For abbreviations, <fec., see notes on first page)
M iles
Date
Road Bonds
C h ic a g o R o c k Island & P acific (Concluded)—
S® ■
P * K C S hort L— 1st M g gu red 1 0 5 - B a .x o * & r *
R o c k Isla n d - F risco T e rm 1st M g guar j o I n t l y _ _ .c *
P eoria R y T e rm 1st m tg e gold guar Jointly r c d _ _ I C
2 d m tg e gu ar Jointly .is to principal o n ly
_
E q u ip n otes d ue $ 3 2 5 ,0 0 0 se m l-a n ( V 8 4 , p 3 3 8 ) . . Ba
do
Ser B d ue $ 6 0 ,0 0 0 s e m i-a n n u a lly ..
do
Ser C gold d ue $ 2 6 5 ,0 0 0 s e m l-a n n ________C c .c
do
Ser D g $ 2 2 5 ,0 0 0 s-a ( V 9 0 . p 9 1 3 , 1 3 6 2 ) . . B a
do
Ser F g $ 1 2 ,0 0 0 s -a ( V 9 3 . p 9 3 9 ) ................. .B a
I . 1 Im p t eq u ip n otes gu p & I $ 2 2 5 ,0 0 0 s - a ............B a
„ S er B $ 2 8 0 ,0 0 0 s -a ( V 9 3 , p 9 3 9 ) ..............Ba
Cn & R I E le v M g gu due $ 5 0 ,0 0 0 yrld red par . c*
Consol In d Coal 1st M g Int gu red 11 0 s f . . Q . c * & r
C h icago St L ou is & N ew O rlean s— See Illin ois C en tral.
C h icago St Paul M inn & O m a h a — C o m m o n s t o c k _____
P referred sto ck n o n -c u m Including scrip (see te x t) . .
Ch S t P & Allnn 1st M gold E lr o y to L S t C a ss’ d . .c *
S t p & S io u x C ity 1st M gold $ 1 0 ,0 0 0 per m ile . _C e.c
N o r W is 1st AI L a k e S t C to near S p oo n er a ss’ d C e .c *
S a u lt S te M arie & S o u th w e ste rn 1st M a ssu m ed
c
S uperior S h o rt L in e 1st M $ 1 ,5 0 0 ,0 0 0 assu d .U n . c *
C S t P AI & O m tg e $ 3 0 ,0 0 0 ,0 0 0 ( $ 1 5 ,0 0 0 p m )C e .c *
do
do
con sols Interest red u ce d _____
C h icago S outhern — S ee Chic T erre H a u te &| S ou th e ast
C h icago S u b w a y — R e c eiv ers’ c tls $ 3 ,5 0 0 ,0 0 0 g red par
R e c e iv e r s’ n o te s 5 1 ,0 0 0 ,0 0 0 ________
H I T 1st M $ 3 0 ,0 0 0 ,0 0 0 gold red 1 0 5 ______ 11 . I I I I I I
F irst Hen m tg e gold red 1 0 5 (see t e x t ) .. U s i n . c * & r
L oan ag ree m e n ts N o s 1 , 2 , 3 , 4 & 5 , secured b y c611
19 11
1 9 07
1907
1907
1907
1907
1 9 09
1910
1911
1905
1905
1 9 04
1905
17 7
607
SO
37
60
Securities to B e Issued and Assumed under Plan.
C hicago D o c k M assu m ed red 1 0 5 ( V 6 8 , p 3 3 3 )
N o te s secu red b y 2 d m tg e C hicago D o c k .........................
. 1st AI series A gold red p ar $ 2 0 ,0 0 0 ,0 0 0 _______________
do
Series B gold red par $ 4 ,0 0 0 ,0 0 0 .
P rel s to c k 5 % n o n -c u m $ 3 0 ,5 0 0 ,0 0 0 ...............
'
C o m m o n s to c k $ 2 2 , 5 0 0 , 0 0 0 . ...................... ..........................
C h icago T erm in al T ran sfer— See B & O C hicago T erm
C h icago T erre H a u te & S E — S to c k $ 5 ,5 0 0 ,0 0 0 ..............
B ed ford B elt tlrst m o r t g a g e _________
S ou th ern In d ia n a 1st AI g (see te x t) closed M G P 'o *
1878
1 8 79
18 80
1890
1 8 95
1 8 80
1880
Par
Value
5
Amount
Outstanding
& £
$ 1 0 ,0 0 0 ,0 0 0
$ 1 ,0 0 0
3 .2 5 0 .0 0 0
1 ,0 0 0
9 4 4 .0 0 0
1 ,0 0 0
2 8 0 .0 0 0
1 ,0 0 0
3 .5 7 5 .0 0 0
1 ,0 0 0
1 8 0 ,0 0 0
1 ,0 0 0
4 .2 4 0 .0 0 0
1 ,0 0 0
6 .0 7 5 .0 0 0
1 ,0 0 0
3 6 0 .0 0 0
1 ,0 0 0
1 ,5 7 5 0 0 0
1 000
2 .2 4 0 .0 0 0
1 ,0 0 0
7 0 0 .0 0 0
1 ,0 0 0
2 .3 4 7 .0 0 0
100
10 0
5 0 0 &c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1910
1 ,0 0 0
1911
1 0 ,0 0 0
1 9 03
1 ,0 0 0
1 9 08 1 ,0 0 0 &c
1 9 0 6 -9
1 8 99
100
4
228
1898
1 9 01
1 ,0 0 0
CHICAGO ROCK ISLAND & PACIFIC R Y — (Concluded) .—
O f th e $ 9 1 ,4 4 2 ,0 0 0 of these bon d s o u tsta n d in g In A p r . 1 9 1 1 , $ 3 2 ,3 1 2 ,0 0 0
^ d been issued for refu n d in g p urp oses, $ 1 5 ,0 0 0 ,0 0 0 to reim bu rse tre asu ry,
5 2 4 ,1 3 0 ,0 0 0 for a c q u isition o f p rop e rty or secu rities an d $ 2 0 ,0 0 0 ,0 0 0 for
™ A >rovom en t3- 9 * the rem a in in g $ 7 1 ,5 5 8 ,0 0 0 b ond s au th o rize d , $ 4 9 ,7 1 3 ,
0 0 0 were reserved fo r u n d erlyin g b o n d s, $ 1 3 ,5 0 0 ,0 0 0 to p ay for 7 5 % o f
th e p urchase price o f b on d s o f o th e r c o s ., and the $ 8 ,3 4 5 ,0 0 0 b alan ce fo r
•«o X eiV!r?A3 an d acqu isition s o f o th e r properties or secu rities.
V . 87,
l°.8 Hv 1A19 : v ;ih 8 : P ; 6 2 3 . 8 2 2 ; V . 8 9 , p . 6 6 6 ; V . 9 0 . p . 1 0 8 , 2 3 6 , 1 1 7 0 ,
1 4 2 4 ; V . 9 1 . p . 17 6 6 ; V . 9 2 . p . 1 0 3 1 , 1 3 1 0 .
1 c orla R y . T e rm in a l 1st 4s ( $ 1 ,5 0 0 ,0 0 0 a u t h .) , gu aran tee d jo in tly w ith
C h icago & A lt o n , are su b je c t to call a t 102 H after J u ly 1 1 9 1 6 ; a lso Jointly
gu aran tees $ 2 8 0 ,0 0 0 2d 5s as to principal o n ly .
V . 8 5 , p . 159.
A s to C h ic. R . I . & P a c . E le v a to r m t g e ., see V . 7 9 , p . 2 5 9 0 ; V . 8 2 , p . 7 5 0 .
A s to C on sol. In d ian a C oal 5 s . Interest g u a r ., see V . 8 0 , p . 2 4 0 1 , 2 6 2 3 ;
form o f g u a r a n ty , V . 8 2 , p . 1 4 9 9 .
R o c k Isla n d -F r isc o T e r m in a l R y . 5 s ,
gu aran teed J oin tly, V . 8 4 , p . 5 6 9 , 7 4 8 .
R O C K I . A R K . & L A . 1S T M .4 M S .G U A R . P . & I .. $ 3 0 ,0 0 0 ,0 0 0 A U T H .
S ecu re d b y a d irect tlrst lien on 3 0 8 .1 8 m iles, w ith track age righ ts over
3 7 .8 9 m ile s, an d on e q u ip , w orth a b o u t 5 1 ,6 0 0 ,0 0 0 .
O f tile rem ain in g
b o n d s , $ 1 0 ,0 0 0 ,0 0 0 are Issuable for new m ileage a t actu al c o st, n ot e x rc e d ln g $ 3 0 ,0 0 0 per m ile, an d $ 9 ,0 0 0 ,0 0 0 a t c ost o f a d d ition s an d b ette rm en ts to
p rop e rtie s, ex clu sive of e q u ip m e n t, on w hich th e m t g e . Is a Ilrst Hen.
V . 90. p . 62 6. 699, 1161.
T h e $ 4 5 3 ,6 0 0 R . I . A r k . & L a . n otes give n in
p a y m e n t for 2 3 m iles p urchased from L ittle R o c k A r k . & L a . are also g u a r ,
by C . R . I . & P .
V . 93, p . 345, 469.
S T . P . & K A N . C I T Y 1S T M .A V i S .G U A R . P . & I ., $ 3 0 ,0 0 0 ,0 0 0 A U T H .
O f th e b o n d s, th e $ 1 0 ,0 0 0 ,0 0 0 sold F e b . 1911 are to be secured b y a direct
first lien on 6 7 .6 5 m iles from A lle r to n , Io w a , to C arlisle, u nder construc
tio n , w ith tra ck age rights from C arlisle to Dcs A loln es, 11 in ., an d a llrstllen
on n early all th e bond s (cash for p a y m e n t of being on d e p o sit), an d a t least
9 5 % o f th e sto ck of th e S t . P aul & Des A loln es, op eratin g 121 m iles, of
w hich 118 in . are ow n ed , th e road Itself to be d irectly placed under th e Hen
of the m t g e . as soon as p ossib le.
O f th e rem ain in g b ond s, $1(),()()0,()00 are
reserved a t p ar fo r n ew m ileage a t a c tu a l c ost an d $ 1 0 ,0 0 0 ,0 0 0 a t par for
a c tu a l cost o f ad dition s an d b ette rm en ts to properties on w hich the in tgo.
secu rin g th e issue Is a first Hen.
V . 92 , p. 52 6 , 59 3 , 1311.
E A R N I N G S .— 12 m o s ., / 1 9 1 0 -1 1 . .G r o s s , $ 6 8 ,4 8 7 ,4 7 3 ; n e t, $ 1 9 ,4 3 1 ,7 9 0
J u ly 1 to Ju n e 3 0 .
U 9 0 9 - 1 0 .. G r o s s ,
6 6 ,2 2 0 ,5 7 9 ; n e t,
1 8 ,1 5 1 ,2 1 0
F or 8 m o s. en d ing F e b . 2 8 1 9 1 1 , n e t, $ 1 2 ,5 9 2 ,1 7 9 , a g s t. $ 1 2 ,0 5 4 ,7 8 4 ;
ta x e s , $ 1 ,7 7 4 ,3 5 4 ; other In com e, $ 3 5 1 ,4 1 0 ; in t. an d ren tals, $ 7 ,6 2 1 ,7 4 8 ;
b a l.. s u r ., $ 3 ,5 4 7 ,4 8 8 .
V . 92 , p. 1310.
R E P O R T . — For year 1 9 0 9 -1 0 , in V . 9 1 . p . 1 1 5 4 ,1 1 8 1 ; also e d it ., p . 1 1 3 2 .
Year ending June 3 0 —
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
A v e r a g e m ile s ............................
8 ,0 4 3
8 ,0 2 6
7 ,9 6 9
T o ta l o p eratin g rev e n u e — ........................ $ 6 6 ,2 2 0 ,5 7 9 $ 6 1 ,1 8 4 ,8 8 7 $ 5 8 ,4 8 4 ,1 9 7
O p eratin g in com e (after ta x e s ).................$ 1 5 ,2 7 4 ,5 0 9 $ 1 6 ,4 0 0 ,5 2 7 5 1 4 ,5 5 8 ,1 2 2
T o ta l net in c o m e .......................
1 5 ,4 9 7 .7 4 1
1 6 ,6 1 1 ,9 9 8 1 4 ,6 8 6 ,7 5 6
In te r e st an d r e n ta ls-------------------------------- 1 0 ,7 4 9 ,8 6 0
1 0 ,4 4 5 ,7 6 7
9 ,9 6 8 .6 5 3
D iv id e n d s ...........................................................
3 ,7 4 3 ,2 7 2 ( 5 > 1 )3 9 3 0 0 1 9 (5 M )3 9 2 9 7 8 5
B alan ce , su rp lu s.........................................$ 1 ,0 0 4 ,6 0 9
$ 2 ,2 3 6 ,2 1 2
5 7 8 S .3 1 7
O F F I C E R S .— P r e s., H . U . A ludge; V Ic c -P r e s., S e e . an d T r c a s ., G e o . I I .
C r o sb y , C h icago; A s s t . S ec . and A s s t . T r c a s ., J . J . Q u in la n .
N . Y . offlc o ,
115 B ’ w a y .— ( V . 9 2 , p . 1 3 1 0 , 1 6 3 5 : V . 9 3 , p . 3 4 5 , 4 6 9 , 9 3 9 , 1 1 0 5 .)
CHICAGO ST. PA U L MIN NEAPOLIS & OMAHA R Y . — (See M a p Chi
cago & North Western.)— R O A D .— E lr o y , VVIs.. to O m a h a , N e b ., 5 9 3 m iles;
o th e r lines 1 , 1 ., l m .; to ta l, J u ly 1 1 9 1 1 , 1 ,7 4 4 m iles, o f w hich 1 ,6 7 4 are
ow n ed an d 7 0 m iles leased .
V . 69 , p. 1147.
H I S T O R Y . — Th is w as a con solid ation J u ly 1 8 8 0 o f th e C h icago S t . P aul
& M in n eap olis, th e N orth W isc o n sin an d the S t . Paul & S io u x C ity .
Rate
When
Payable
%
4 ya g
5 g
4 g
5
4H
6
4H g
4 h g
4 )•£ g
4H g
4 M ft
5 g
S g
1 8 ,5 5 6 ,2 0 0 7 in 1911
1 1 ,2 5 6 ,8 0 0 7 In 1911
1 .1 6 4 .0 0 0
6 g
6 .0 7 0 .0 0 0
6 g
6 2 1 .0 0 0
6
3 5 0 .0 0 0
5
1 .5 0 0 .0 0 0
5
1 6 ,6 0 8 .0 0 0
6
3 .7 3 4 .0 0 0
3
3 .5 0 0 .0 0 0
1 .0 0 0 ,0 0 0
See te x t
See t e x t
1 2 .5 0 0 .0 0 0
5
6
5 g
5 g
6
6 1 6 .0 0 0
2 2 4 ,5 0 0
5 ,2 9 9 ,0 6 0
4 ,0 0 0 ,0 0 0
3 0 .5 0 0 .0 0 0
2 2 .5 0 0 .0 0 0
4 .3 0 0 .0 0 0
3 5 0 ,0 0 0
7 .5 3 7 .0 0 0
|V O L . L X X X X I I I .
F
J
&
&
J
&
J
&
F
A
A
M
F
J
At
A
&
&
&
&
&
&
J
&
F
F
AI
A
J
Af
M
J
J
A
J
J
&
X
&
<5c
&
&
&
&
&
&
&
&
&
Last Dividend
and Maturity
A F e b 1 1941
J Jan 1 1 9 27
J Jan 1 1 9 3 7
J 2007
A F e b ’ 1 2 -F c b ’ 17
O A pr ’ 1 2 -A p r ’ 13
O A p r ’ 1 2 -O c t ’ 19
N Atay ’ 1 2 -M a y ’ 2 5
A F eb ’ 1 2 -A u g ’2 6
J J u ly ’ 1 2 -Jan ’ 15
N M a y ’ ! 2 - N o v ’ 15
O O c t 1 ’ 1 2 -’2 4
D Jun e 1 1 9 35
Places Where Interest and
Dividends are Payable
N e w Y o r k an d L o n d o n
T r Co of A m , N Y ; & S t L
F irst N a tio n a l B a n k , N Y
do
do
do
do
H a r v e y F isk & S o n s, N Y
F irst N a tio n a l B a n k , N Y
do
do
F irst T r & S a v B k , Chlo
G u a ra n ty T r u st C o , N Y
A A u g 21 ’ l l , 3 M O ffice 11 1 B ’ w a y , N Y
A A u g 21 ’ l l , 3 H
do
do
do
do
O A pr 1 1919
do
do
J Jan 1 1 9 3 0
do
do
N N o v 1 1 9 15
do
do
S Jun e l 1930
n Jun e l 1 9 30
do
do
D June 1 1 9 3 0
do
do
N A lay 1 1 9 1 8
0 Apr
j Ju ly
D Dec
1) Jun e
1
1
1
1
1912
1 9 12
1 9 28
1928
N a t C ity B k . N Y ; & Chlo
N a t C ity B k , N Y : or Chi
N orth e rn T r C o, C hicago
J
&
&
4 ft
4
5 g
5 g
A
J
&
&
O 1 9 29
J J u ly 1 1 9 09
3 0 years
3 0 years
5
4 g
J
F
&
&
J J u ly 1 1 0 3 8
A F eb 1 1951
S
A ° ™ 0L th°
T u n n el C o . an d all o f th e stock s o f th e Illin ois T e le 3tliucA!ou C ? - an d the C hicago W a r e h o u se & T e rm in al C o .
u ? T u n n el C o . had co m p leted O c t. 1911 5 8 m iles o f tu n n e l,
i b arrow -gau ge electric m otors and cars, d esign ed for the
of freight betw een th e variou s railroad term in als In th e C ity of C h lfron? Uicse tun nels to an d from th e d o w n to w n business d istrict
,)us.ln.CMS , h ouses: see V . 8 6 , p . 7 2 0 ; V . 8 7 , p . 1 3 5 7 ; a lso tcle(cstabllsh ed b y th e receivers) w ith 8 ex ch an ge s and ove r 2 0 ,J^hbscrlbers.
P resent c a p a c ity o f e x ch a n g e s, 2 7 ,2 0 0 teleph on es; u lti
m a te c a p a c ity , 4 2 ,0 6 0 .
See V . 9 3 , p . 9 3 8 .
P mv!2
t
n
h^LT. *On D e c . 1 1 9 0 9 th e Interest on th e first Hen b on d s w as d e UiXo 5r? a , receivers were a p p o in ted for th e c on trolled properties, th e 1111rH,u n .
£ ° u ancl C hicago W a r e h o u se & T e rm in al C o . (D a v id R . F organ
ri'oh to t in t ( j ' P aw es for the form er an d E d w in A . P otter for th e la t t e r ) . In
t e o . 1 J I0 foreclosure su it w as b rough t u nder th e 111. T e r m . m t g e . o f 1 9 1 3 .
cn^.eJ!fiVt rs Certificates .— T h e $ 3 ,5 0 0 ,0 0 0 2 -y e a r
receivers’ certificates are
oy , a hrst lien on all th e p rop erty o f the III. T u n n el C o . and th e
v <ingo 8iLHw?;y rp 0 -* to c o m p lete th e telep h on e s y s t e m , op en ed O c t . 1 9 1 0 .
p .‘ 5 8 9 P ’ 7 ? 1 , 8 4 8 : V ‘ 9 1 ’ P ’ 4G 2: V ’ 9 2 ’ p - 1 1 7 8 ’ 1 5 0 4 ; V . 8 9 . p . 1 4 8 2 ; V . 9 3 .
in P l / h ' y 1911 $ 1 ,0 0 0 ,0 0 0 a d d itio n a l o n e-y e a r 6 % c e r tfs. were so ld , ju n ior
„ h ™ resepets to th e $ 3 ,5 0 0 ,0 0 0 o f 1 9 1 0 , to p rovide for ex ten sion s o f tele
p hon e s y s t e m .
V . 93, p. 346.
nrJie^r0anization Committee.— \vnikim S te w a rt T o d . H e n r y W . d c F ore st
and L . C . K r a u th o ff.
th <? ^ S P G A N I Z £ T I O i'f F L A N .— T h e p lan ( V . 9 3 , p . 9 3 8 , 9 3 9 ) Issued b y
npn io-OV,c £ ? m m .,tte e ’, <JatcO O c t. 2 1 9 1 1 , provides th a t a n ew c o m p a n y sh all
nnni rc {c *fher d irectly or otherw ise) all the p roperties o f the several c o m p a ° * es> f e e o f al in cu m b rances ex ce p t th e $ 6 1 6 ,0 0 0 C hicago D o c k C o .
“ ;t?0- an d $ 2 2 4 ,oOO C hicago d ock purchase m o n e y n o te o f T u n n e l C o . and
s,uch as m a y be charged b y the C ou rt.
w111 lssue the securities sh ow n in th e ta b le a b o v e .
O f th e
$ 2 4 ,0 0 0 ,0 0 0 new 1st 3 0 -y r . 5 s , the $ 2 0 ,0 0 0 ,0 0 0 S er. A . will be su perior in
JieS t0
5 4 ,0 0 0 ,0 0 0 S e r . B .
T h e presen t Issue of S er. A b o n d s, $ 5 ,2 9 9 ,uou, will be used to p rovid e f >r cash req u irem en ts o f the p la n . Including
P a y m e n t of receiver’s c e r tfs ., reorgan ization expenses and w ork ing c a p ita l.
r o r ol 1 $ 5 ,5 0 0 ,0 0 0 6 % n o te issued under loan agree m e n t N o . 1, the h o ld
ers will receive the $ 7 ,5 0 0 ,0 0 0 T u n n el bond s pledged and fo r the $ 7 ,0 0 0 ,0 0 0
V % b o te s Issued u nder loan agreem en ts 2 , 3 , 4 an d 5 , the holders will receive
$ 4 ,0 0 0 ,0 0 0 S er. B n ew 5 % 3 0 -y c a r gold b o n d s, an d the $ 6 ,0 0 0 ,0 0 0 S u b w a y
bonds and $ 2 5 ,0 0 0 T u n n el bond s p le d g e d , on con d ition th at th e y surrender
all other colateral securities held thereun d er, m a k in g th e a m o u n ts o f b ond s
to be Issued u nder re a d ju stm e n t plan th ose sh ow n In th e follow in g table:
/ . ° l (l ers t ° r Each
Terms of Exchange.
Amount
I f. They
W ill
R e c e i v e ------------
$ 1 0 0 S(fc.-$ 1 ,0 0 0 Bd . Outstand.
Pay Assess " A " B o n d s . P fd.Stk. Com.
C h ic. S u b w a y s t o c k .$ 4 4 ,9 8 1 ,2 0 0
$5 ( 5 % )
$5
_____
$50
S u b w a y b o n d s ______ 2 1 ,8 7 0 ,0 0 0
10 0 ( 1 0 % )
10 0
$ 1 ,0 0 0
Tunnel b o n d s_______
8 ,6 3 0 ,0 0 0
. 1 .0 0. _____
(1 0 % )
10 0
1 ,0 0 0
...
D ep o sitary under p la n , N a t . C ity B a n k , N
T h e plan will he ab an
doned If n ot op erative prior to A p ril 1 1 9 1 2 .
E A R N I N G S .— T h e p lan forecasts th e gross earn ings o f the first 2 4 .0 0 0
telephones a t $ 8 0 0 ,0 0 0 , an d the n et earnings a t $ 4 0 0 ,0 0 0 , w hich . It Is
th o u g h t, can be rlased to net of $ 1 ,2 0 0 ,0 0 0 b y Increasing the teleph one su b
scribers to 5 0 ,0 0 0 .
T o the teleph on e earnings are to be ad ded the canrln gs
from the freight an d other d e p a r tm e n ts.
Earnings from Dec. 1 1 9 0 9 to July 1 1 9 1 1, Exclusive of Telephone Department.
Tunnel Co.
Dock.
Gross Incom e ( ’ ’T u n n el C o .” Includes W a r e h o u se C o .) . $ 1 ,2 3 3 ,6 7 4 $ 1 2 6 ,5 6 3
N e t e a rn in g s.................................................................................................
$ 2 6 ,2 0 4 $ 1 0 ,6 3 8
T h e n et earnings o f th e c o m b in e d properties (exclu sive of tclep hou e d e
p artm ent) a t the d ate of the p lan were a ve ra gin g a b o u t $ 7 ,0 0 0 per m o n th .
D I V S .— 1 ’ 9 3 -’ 9 6 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 0 0 . ’ 0 1 . ’0 2 . ’0 3 . ’ 0 4 . ’0 5 - ’ 1 0 .
1911.
C o m m o n ..!
N one
2
2 3 J 4 5
5
8
6
6 7
y ’ ly
7 •
P refe rre d % J -------- --------------------------7 per a n n u m (3 H F . & A . ) ------------------------------
S T O C K .— A u th o rize d s to c k , $ 5 0 ,0 0 0 ,0 0 0 ; Issu ed , $ 4 4 ,9 8 1 ,2 0 0 ; p a r, $ 1 0 0 .
B O N D S .— O f the S u b w a y C o . 1st lien 5 s , $ 1 5 ,8 7 0 ,0 0 0 are In hand s o f
p ublic an d $ 6 ,0 0 0 ,0 0 0 are pled ged u nder C hicago S u b w a y loan agreem ents
3 , 4 an d 5 for $ 3 ,0 0 0 ,0 0 0 , the rem aind er b ein g u n issu ed .
O f the $ 3 0 ,0 0 0 .
0 0 0 111. T u n n el b on d s, $ 1 ,1 0 5 ,0 0 0 are held b y th e p u b lic , $ 1 5 ,8 7 0 ,0 0 0 are
d ep osited under the C hicago S u b w a y 1st Hen m t g e . and the rem aind er
under 111. T u n n el loan agreem ents 1 an d 2 , for $ 5 ,5 0 0 ,0 0 0 an d $ 4 ,0 0 0 ,0 0 0 .
resp ectively (w h leh , with other o b lig a tio n s, arc g u a r, by th e S u b w a y C o.)
ani} Chicago S u b w a y loan agreem en t N o . 5 .
V . 93, p. 938, 939.
V. 87’
p. 166.
Chicago office, 1 7 7 9 Alonroe S t .— ( V . 93, p . 933. 9 3 9 .)
’
B O N D S .— I n A p ril 1911 th e $ 1 ,5 0 0 ,0 0 0 Superior S h ort L in e R y . 5s held
n the treasu ry were so ld .
V . 9 2 , p. 9 5 4 , 1310.
C h . S t . P . A A lln n. 1st 6s,
d ue 1 9 1 8 , an d N orth W is e . 1st 6s , d u e 1 9 3 0 , are ex ch an geab le a t o p tio n of
h older a t a n y tim e, $ for $ , for c o n so l. 6s .
V . 68, p . 5 2 1 ; V . 7 7 , p . 2 3 8 9 .
E A R N I N G S .— F or 2 m o n th s en d in g A u g . 3 1 :
- A fo s.
Gross Income.
N et.
Charges.
B a l., Sur
1 9 11 ......................... - .............$ 2 ,9 4 1 ,7 4 0
$ 4 0 3 ,4 5 7
$ 3 4 3 ,9 5 6
$ 1 5 9 ,5 0 1
1 9 1 0 ......................................... 2 ,7 2 3 ,2 6 3
7 7 8 ,0 6 0
3 2 9 ,7 6 3
4 4 8 ,2 9 7
R E P O R T .— Y e a r en d s J uno 3 0 .
R e p o r t for 1 9 1 0 -1 1 , V . 9 3 , p . 8 6 5 .
,
,
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
T o t a l o p eratin g r e v e n u e ...............................$ 1 6 ,0 9 2 ,8 5 1 $ 1 5 ,0 9 5 ,0 2 3 $ 1 3 ,5 2 4 ,6 5 0
O p er a tin g ex p e n se s......................................... 1 0 .6 5 6 ,0 5 3
9 ,8 8 8 ,4 7 9
8 ,8 3 1 ,2 2 9
CHICAGO TERRE HAUTE & SOUTHEASTERN R Y .— (See M a p .)—
C hicago H eig h ts, 111., via T erre H a u te to S e y m o u r , In d ., 2 7 1 .6 0 m ilesW e stp o r t branch, S e y m o u r to W e s tp o r t, 2 6 .4 5 m iles; S u llivan b r a n c h ’
B lackh aw k to S u lliv a n , 1 8 .4 8 m .; B ed ford to O olitic, 4 .1 9 m ■ other
branches. 3 8 .0 9 m .; to ta l, 3 5 8 .8 7 m ile s.
In eo rp . In In d iana and ’Illinois
n N o v . 1 9 10 as su ccessor to the S ou th ern In d ian a R y . and the C hicago
S outhern R y . (both forec lo se d ), per plan V . 9 1 , p . 3 3 7 , 3 3 3 .
Possession
taken J a n . 1 1911 ( V . 9 2 , p . 5 9 ) .
H a s also acqu ired the B ed ford B elt R y .
S T O C K .— T h e $ 4 ,3 0 0 ,0 0 0 c o m . sto c k , ex ce p t shares n ecessary to q u a lify
directors, h ave been placed In a v o tin g tru st until D e c. 2 4 1 9 20 unless
sooner term in ate d , as p rovided In the a g ree m e n t.
R o y C . O sgood’ Fran k
F . T a y lo r an d G e o . A . J ack son , v o tin g tru stees.
K
’
N e t op eratin g In c o m e..............................
T o t a l net In com e..................
In te rest on b o n d s ..................
R e n ta ls and m iscellan eou s____
D iv id e n d s on c o m m o n sto ck (7 % )
D iv id e n d s on preferred sto ck (7 % ) I I
nJ O N D S . — T h e new "f ir s t an d r e f .” At. will secure n o t ex ceed in g $ 2 0 .
0 0 0 ,0 0 0 oO-year b on d s, b ein g a first Hen upon the road and m o st o f the
eq u ip m en t form erly ow n ed b y th e C hicago Sou th ern R y . C o ., and a general
m ortgage u pon the p rop erty form e rly com p rising the Sou th ern In d ian a
R y . C o ., su bject to the S o . I n d . 1st At. ( $ 7 ,5 3 7 ,0 0 0 ) and a general m tg e .
upon the form er B ed ford B elt R y . C o .
V . 91, p. 33 7; v . 92, p. 594.
In N o v e m b e r 1 8 83 C hicago & N orth W e ste rn R y . p urchased c on trol,
v iz ., $ 9 ,3 2 0 ,0 0 0 c o m m o n an d $ 5 ,3 8 0 ,0 0 0 preferred.
S T O C K .— A u th o riz e d c o m m o n , $ 2 1 ,4 0 3 ,2 9 3 ; preferred, $ 1 2 ,6 4 6 ,8 3 3 .
H eld b y th e c o m p a n y Jun e 3 0 1 9 1 1 , c o m m o n stock and scrip , $ 2 ,8 4 4 ,2 0 7 ;
preferred sto ck an d scrip , $ 1 ,3 8 6 ,9 2 1 .
Preferred sto ck h as a prior righ t
to n o n -c u m . d ivid en d of 7 % , b u t c o m . Is n ever to receive m ore th an p ref.
$ 5 ,4 3 6 ,0 5 3
$ 4 ,8 3 3 ,2 2 0
1 ,6 3 1 ,5 9 0
3 3 5 ,2 4 5
1 , 2 ,8 ,9 3 4
, 8 7 .9 7 6
$ 5 ,2 0 6 ,5 4 4
$ 4 ,6 6 5 ,5 0 4
1 ,6 1 1 ,5 6 7
4 3 8 ,6 5 2
1 ,2 9 8 ,9 3 4
7 8 7 ,9 7 6
$ 4 ,6 9 3 ,4 2 1
$ 4 ,1 7 3 ,6 0 6
1 ,6 0 2 ,7 7 3
3 0 8 ,5 9 3
1 ,2 9 8 ,9 3 4
7 8 7 ,9 7 6
N e t su rp lu s for y e a r _________ .
$729 475
$ 5 2 8 ,3 7 5
$ 1 7 5 ,3 3 0
— ( T . 9 1 , p . 7 8 6 , 1 1 6 0 ; V . 9 2 , p . 18CL 5 2 6 , 9 5 5 , 1£3 1 0 ; V . 9 3 , p . 8 6 5 .)
C H IC A G O S U B W A Y C O .— In c orp orated la N e w J ersey N o v . 21 1904
an d h olds all b ut $ 2 ,6 0 0 o f the $ 3 0 ,0 0 0 ,0 0 0 au th orized and o u tstan d in g
Purposes for which $ 2 0 ,0 0 0 ,0 0 0 First and R ef unding Bonds are
Issu able forth w ith u nder p la n ____________ :___________________________
Issuable for corporate p urp oses_____________________________ _
R eserved to retire S o . In d . R y . an d B ed ford B elt 1st A l. b o n d s '"
R eserved under careful restriction s for e x te n sion s, a d d ition s, Im
p ro v em e n ts, acqu isition o f su b -c o m p a n y stock and b on d s, & c
Issuable
in o 0 0 0
l ’ s o o OOO
7 ,’ 8 8 7 0 0 0
7 ,5 1 3 0 0 0
O ct .,
19 11 .]
RAILWAY STOCKS AND BONDS,
R A IL R O A D C O M P A N I E S
[For abbreviations, &,c., see notes on first page]
M iles
Road
Date
Bonds
Par
Value
1 9 1 0 $ l ,0 0 0 A c
100 Ac
100
1 ,0 0 0
4 8 1 8 82
1 9 0 2 1 ,0 0 0 Ao
1st an d ref M $ 2 0 ,0 0 0 ,0 0 0 g call 1 0 7 34_____I C .x c * A r
In c o m e M $ 6 ,5 0 0 ,0 0 0 call par (cu m a ft 2 y r s ) _____FC
C h icago A W e ste rn In d ian a— S to c k (see t e x t ) _______
G eneral m o rtg a g e gold sink fun d su b j to call 1 0 5 -C *
C ons M $ 5 0 ,0 0 0 ,0 0 0 g ______________________ I C .c ’ A r*
C h icago & W e s t M ic h ig a n — See P erc M a r q u e tte R R
C h icago W isc o n sin & M in n e so ta — See W isc o n sin C ent
C hih uah ua & P acific— First M g o ld -------------------- . . M a
C h o c ta w A M e m p h is— See C hic R o c k Isl A P ac R y
C h o c ta w Okla A G u lf R R — See C hic R o ck I A P ac R y
C incinn ati B lu ffton A C h ic a g o — 1st M $ 1 ,5 0 0 ,0 0 0 g .o *
C incinnati D a yton A Iron to n — S ee C In c ln H a m A D a y
C incinn ati Find A Ft YV— 1st M g gu ar en d r e d . . N . c *
C incinn ati H a m ilto n A D a y to n — C o m m o n s t o c k -------
359
S econ d (now first) m ortgage g o ld -------------------------Fc*
General m o rtgage $ 7 ,8 0 0 ,0 0 0 g o ld ------------ — M c .c *
C incinnati D a y to n A C hicago first m tg e g o ld ----------N
Ctn D a y A Iron to n 1st M g guar (assu m ed ) _ _ _ C c .c *
C incinn ati A D a y to n 1st m o r tg a g e ....................................
T o le d o F in d lay A Springfield 1st M --------------------------1st A ref M $ 7 5 ,0 0 0 ,0 0 0 a u th , p art g u .B a x .c * A r*
General m ortgage $ 2 0 ,0 0 0 ,0 0 0 red eem ab le t e x t - . C e
C oll tr pur m n o te s$ l 1 ,5 5 7 ,0 0 0 g gu p AI red p a rC e .x c
Car tru sts gold $ 5 4 ,0 0 0 due s -a begin O c t ’ 0 0 - - C e .c
Car tru sts $ 9 2 ,0 0 0 d ue s e m i-a n n u a lly ...... .................. ........
Car tru sts Scr A d ue $ 1 1 6 ,0 0 0 s e m l-a n n ... _
. _B a
In d D ec A W 1st M gold red (n o t gu aranteed __C e
a t 1 1 0 _______________________ \ gu ar p A I (e n d )____c
C l 4 YV 1st A ref M $ 8 ,2 0 0 ,0 0 0 g gu p A 1 e n d ._ T a
D a y to n A M ichigan first m o rtgage gu ar p A 1 c n d .c
P lq u a A T r o v 1st M $ 2 5 0 ,0 0 0 gold guar p A 1. _ c
C incinnati Find A F t W 1st M
guar end r e d ._ N .c *
Clncin A Ind YVcstcrn— See C hicago CIncIn A L ou lsv
C incinnati In d ian ap olis A YVestern— See C incinn ati II
C incinnati In ter-T erm in a l R R — 1st nref stk (see text)
C incinnati Lebanon A N orthern — F irst m o r tg a g e ___ c
1st con M $ 1 ,5 0 0 ,0 0 0 g gu p A 1 end (V 7 5 p 1398) _c*
b i n d . O c t 3 1 1 9 10 b $ 2 ,2 3 8 ,0 0 0 In treas. an d $4 ,
1908.
C $ 2 ,1 5 3 ,0 0 0 In tre a s. and $ 3 0 0 ,0 0 0
59
59
95
167
13
14
A ll
A ll
1887
1 8 92
1 8 92
1891
1887
1 8 89
1 9 09
1909
1 9 08
1 9 05
1904
1910
11 8 9 5
11895
1 9 02
1881
18 99
1 9 03
1
/
Rate
%
$ 3 ,1 0 0 ,0 0 0
5 g
6 ,5 0 0 .0 0 0 S p l’11,1%
5 ,0 0 0 ,0 0 0
6
7 ,1 4 2 ,6 6 7
6 g
3 7 ,7 6 9 ,0 0 0
4 g
When
Payable
J
A D
See t e x t .
Q - -M 31
Q— M
J
A
J
Last Dividend
and Maturity
Dec
Deo
Sept
D ec
J u ly
Places Where Interest and
Dividends are Payable
1 1960
1 1 9 60
1 '11 114
1 1932
1 1 9 52
B ank ers T r u st C o, N Y
1st N a t B k N Y ;or C hicago
C hicago
J P M o rg a n A C o, N Y
111 T r A S B k .C h lc ; A N Y
180
1905
1 ,0 0 0
2 ,3 6 0 ,0 0 0
5 g
J
A
J Jan
1 1955
O ffice 8 0 B r o a d w a y , N Y
52
1 9 03
1 ,0 0 0
A s c o lla t.
5 g
M
A
S S ep t 1 1 9 33
S ep t '0 8 c ou p on n o t paid
91
1903
262
36 1
142
9
91
1 ,1 5 0 ,0 0 0
M A N
1 ,0 0 0
4 g
8 .0 0 0 ,0 0 0 See t e x t
10 0
Text
2 1 8 ,5 7 5
100
2 ,0 0 0 ,0 0 0
1 ,0 0 0
A
J
*4)4 g J
■T A D
3 ,0 0 0 .0 0 0
1 ,0 0 0
5 g
A
1 ,2 0 0 ,0 0 0
A
1 ,0 0 0
4
O
3 ,5 0 0 .0 0 0
M A N
1 ,0 0 0
5 g
J
3 0 0 ,0 0 0
A
J
1 ,0 0 0
4 )4
A
3 0 0 ,0 0 0
A
O
1 ,0 0 0
6
J
b l 5 . 4 8 3 ,0 0 0
A
4
J
$ A £
c 2 0 .0 0 0 ,0 0 0 See tex t See t e x t
J
A
J
1 ,0 0 0 1 1 ,5 5 7 ,0 0 0
4 g
4 8 6 ,0 0 0
A
o
1 ,0 0 0
4 )4 g A
& o
5 5 2 ,0 0 0
1 ,0 0 0
414 g A
J
2 ,0 8 8 ,0 0 0
A
D
1 .0 0 0
5
J
2 ,2 2 9 .0 0 0
A
J
5 g
1 ,0 0 0
J
9 3 3 ,0 0 0
& J
1 ,0 0 0
5 g
J
A
4 ,7 2 2 ,0 0 0
J
1 ,0 0 0
4 g
J
A
2 ,7 2 8 .0 0 0
J
4 H
1 .0 0 0
M <5c N
2 5 0 ,0 0 0
1 ,0 0 0
4 g
M A N
1 ,1 5 0 ,0 0 0
1 ,0 0 0
4 g
a m llto n A D nyton
8 0 9 ,0 0 0
100
4
Text
2 0 0 ,0 0 0
1 ,0 0 0
5
3 8 18 86
1 .0 0 0
1 ,2 4 2 ,0 0 0
4 g
5 2 1902
0 7 3 ,0 0 0 coll f or tem p o rary loan s. there Is a
c o ll, f or tern p orary lo a n .
T h e In com e b ond s d ated D e c . 1 1 9 1 0 , SO,5 0 0 ,0 0 0 , b ear Interest (a) for
first tw o / e a r s 4 % n o n -c u in u la tlv e , p ayab le ou t o f n et earnings In th e dis
cretion o f th e d irectors to the ex te n t th a t n et earnings w arran t such p a y
m e n t; (b) from D e c. 1 19 1 2 , 5 % per an n u m from net earnings (d eterm in ed
as p rovid e d In the m o r tg a g e ), p ayab le If th e d irectors shall so d eclare,
b u t c u m u la tiv e to e x te n t n ot p aid .
T h e Incom es h a v e a t all stock h o lders'
m e etin gs on e v o te for each S 10 0 par v a lu e , th e con d ition an d m an ner of
c a stin g such v o te b ein g fu lly statod lti the m t g e .
F irst d lv . on in com es,
1 % , paid S e p t. 1 1 9 1 1 .
V . 93, p. 469.
E A R N I N G S .—
6 M o s. end.
\ M o s. to
4 5 weeks to
Year end.
O ld co m p a n ie s:
Dec.'SI '1 0 . A p r . 3 0 ' 1 1 . June 3 0 '0 9 . J « n e 3 0 ’ 10.
G ross, Incl. other I n c . . - $ 1 ,2 6 2 ,3 2 9
$ 6 1 6 ,2 2 8 $ 1 ,3 4 7 ,1 1 8
$ 2 ,0 6 8 ,6 9 4
N e t ea rn in g s.........................
$ 4 5 8 ,7 5 9
$ 2 1 6 ,9 4 8
$ 5 6 5 ,7 0 1
$ 8 8 3 ,3 2 4
Y r ly . fixed oh ges. reorganized c o ., n a m ely In t. on S o u . In d .
1st M . 4 s , $ 3 0 1 ,4 8 0 ; on $ 3 ,1 0 0 ,0 0 0 n ew “ 1st A r e f .” 5 s , $ 1 5 5 ,
0 0 0 ; B ed ford B elt R y . 1st 5 s , $ 1 7 ,8 5 0 , an d ta x e s, c s t ., $ 1 0 4 ,0 0 0 $ 5 7 8 ,3 3 0
2 6 0 ,0 0 0
4 % on Incom e b o n d s____________________________________________________
S urp lu s after new chargee an d Incom e In t. ( V . 9 1 , p . 3 3 7 ) ___
$ 4 4 ,9 9 4
E A R N I N G S for 2 m o s .e n d ln g A u g .3 1 1 9 1 1 , g r o s s ,$ 3 0 2 ,5 6 9 : n e t ,$ 9 0 ,7 8 3 .
O F F I C E R S , A c .— P r e s., M . J . C arpenter; V .-P r e s ., E . K . B o lso t; S e c .,
E . T . F h llcr; T r e a s ., B . F . Y o u n g .
D irectors; M . J . C arpen ter, E . K .
B o lso t, C h as. P orte r, J . S . F ield , A . W . H o w a r d , F . O . YVetm ore, J ohn
T . B e a s le y .— ( V . 9 2 , p . 5 9 4 ; V . 9 3 , p. 4 0 7 , 4 6 9 .)
C H IC A G O & W E S T E R N I N D I A N \ R R .— O w n s a v a lu a b le term in al sys
tem of roads affording en tran ce Into C hicago to the roads n am ed b elo w ;
Its lines e x te n d from D earborn S ta tio n , P olk S t ., C hicago, to D o lto n , 17 m .;
also to In d ian a S ta te line, 10 m .; to C ragln, 16 m ., and to Sou th C hicago,
5 m .; to ta l, 4 8 m .; to ta l tra ck . Including 2 d , 3 d , 4th tracks and sid ings, 2 6 0
m .; also ow ns over 1 ,2 0 0 acres o f real e sta te , passenger an d freight yard s,
w arehouses, elev a to rs, A o .
T h e B elt R y o f C hicago leases an d operates
11 6 m iles o f the 3 0 0 m iles ow n ed b y th e C h . & W . I „ Its securities being all
held by th e com p an ie s leasing th e C hicago A W . I . ; see V . 6 0 , p . 1 0 5 8 .
Proposed passenger sta tio n , V . 8 9 . p . 16 2 .
L E A S E S .— T h is c o m p a n y 's road and term in als are leased under per
petual oon traots to th e W a b a s h , the G ran d T ru n k W e s t ., the C hicago A
E astern Illinois, the C hicago A Brie an d the Chicago In d ian ap olis A L ou is
ville, caoh of which five com p an ies ow ns $ 1 ,0 0 0 ,0 0 0 sto c k .
T h e y are also
leased to the A tc h iso n , the E lgin Joliet A E astern and B elt R y .
Annual
ren tal m u st a lw ays ex ceed a t least 2 0 % In t. on b ond s o u ts t ,
V . 78. p. 819.
D I V I D E N D S .—
1 '9 5 . '9 6 . '9 7 . '9 8 . '9 9 . ’ 0 0 t o S e p t ’ l l .
.1. 7 H
6
6
6.
6.
6. . ye arly
Per c en t ________________________
..
.
.
B O N D S .— T h e general m t g e . bon d s are d raw n a t 10 5 an d Interest In
such annu al a m o u n ts ns will retiro tho d eb t b y m a t u r it y .
O f tho oon sol. 4s o f 1902 (a u th . Issue $ 5 0 ,0 0 0 ,0 0 0 ) , $ 7 ,2 4 2 ,0 0 0 aro re
served to retire u n d erlyin g bon d s amd $ 4 ,8 8 6 ,0 0 0 for fu tu re a d d ition s equ al
to a t least th e par valu e of th e bon d s Issued.
V . 8 7 , p . 3 6 , 1604, 1603;
V . c8 8 . p . 1 0 0 , 3 7 4 ; V . 9 2 , n . 3 9 4 .
, „
,
^ A N N U A L R E P O R T .— Fiscal year ends D e c . 3 1 .
R e p o rt for 1 9 1 0 w as In
V . 9 3 . p . 2 8 3 , sh ow in g, gross. $ 2 ,5 2 8 ,1 5 2 : In t., A c ., $ 2 ,1 9 4 ,0 6 4 : d lv s .,
$ 3 0 0 ,0 0 0 ; b a l. , $ 3 4 ,0 8 8 .
P r e s ., H o w a rd G . H e tz lc r .— ( V . 9 3 , p . 4 0 7 .)
C H IH UA HU A A PACIFIC R R. — C h ih u ah u a, M e x ., to M ln a c a , 12 5 m isE . Carpto J e t. to T c m o sa c h tc . M e x ., 5 5 m iles.
S ee K a n sa s C ity M exico A
O rient sta te m e n t an d V . 7 1 , p . 1 8 1 .
S to c k I? $ 2 ,8 6 0 ,0 0 0 : par o f shares.
$100.
B o n d s, see ta b le a b o v e .
In M c h . 1 9 09 th e M e x ico N orthw estern
R y . acquired th e sto ck and b o n d *.
V . 8 8 , p . 7 4 8 .— ( V . 8 8 , p . 7 4 8 .)
CINCINNATI BLUFFTON & CHICAGO R R .— R o a d Is p rojected from
n u n tln g to n to U n ion C ity , I n d ., 7 5 m ., o f w hich B lu ffton to H u n tin g to n .
5 2 m iles, c o m p le te d .
V . 84. p. 1182.
O n M arch 14 19 08 John C . C urtis
was a p p o in ted receiver.
V . 86, p. 720.
T h e S e p t. 1 9 0 8 coup on w as not
paid when d u o.
R e c eiv er’s certs. M a y 1 9 0 9 , $ 1 2 5 ,7 2 2 6 s , d u e In 4 m os
to 2 years' tim e .
V . 8 8 , p. 1 3 1 3 .
In M c h . 1 9 1 0 ap plication w as m ad e
for sale of road under $ 9 5 ,0 0 0 d efau lted receiver's certificates.
V . 90, p
697.
R o ad h a v in g been ottered several tim es a t foreclosure sale w ithout
bid ders, the C ourt on .Sept. 5 1911 donlcd ap plication to reduce u p se t price
Irom $ 8 0 0 ,0 0 0 . V . 9 2 , p . 1 6 3 5 ; V . 9 1 , p . 1 6 2 9 ; .V 9 2 , p . 5 9 , 8 8 1 ; V . 9 3 ,
p. 37 0.
B on d h old ers’ c o m m itte e , V . 8 7 , p . 8 7 3 .
S to c k . $ 1 ,1 2 5 ,0 0 0 , all of o n e o la s s . Issuable $ 1 5 ,0 0 0 per m ile; par o f shares,
$ 1 0 0 ea ch .
B o n d s, see table a b o v o .
V . 84, p. 449, 509.
For year en d ing
June 3 0 1 9 1 1 , gross, $ 6 7 ,9 9 0 , a g st. 5 7 2 ,7 4 0 In 1 9 0 9 -1 0 ; n e t, $ 4 ,5 4 2 , a g st.
5 6 ,4 7 1 .
For year en d ing June 3 0 1 9 0 9 , gross, $ 8 3 ,8 8 3 ; n e t, $ 2 1 ,1 2 3 ; Int.
an d ta x e s, $ 5 1 ,3 1 5 ; b a l., d e f ., $ 3 0 ,1 9 3 .
P r e s., S . I I . B r a ce y ; S e c ., Charles
B lack b u rn ; T r e a s ., W in . G eorge.
O ffic e, 1 6 0 6 T rib u n e B ld g ., C h icago, III.
— (V . 9 2 . p . 1 6 3 5 ; V . 9 3 , p . 7 3 0 .)
......................................................
CINCINNATI FI N DL A Y & FORT W AY N E R Y .— O w n s F in d la y , O . . to
F t W a y n e , I n d ., 8 0 m .; also c o n n ec tin g link w ith th e C In. H a m . A D . from
D clp h os to M an date, 12 m .. com p leted O c t. 15 1 9 0 4 .
V . 7 7 , p . 8 8 , 694
L eased to C in . H a m . A D . for 9 9 years from N o v . 1 1 9 0 3 , w ith p rivilege of
renew al for like periods forever.
V . 78, p. 286.
S to c k , $ 1 ,2 5 0 ,0 0 0 , ah
ow n ed b y th e C in. H a m . A D . , w hich gu arantees b o n d s, p rin . and Interest
M tg e . Is lim ited b y special agreem en t to $ 1 ,1 5 0 ,0 0 0 . or a b o u t $ 1 2 ,5 0 0 per
m ile.
B on d s arc su b jec t to call a t 1 0 2 H and In terest.
V . 7 8 , p .2 8 6 , 3 4 2 .
701.
Form o f g u a r a n ty , V . 7 8 . p . 7 0 1 .— ( V . 9 0 , p . 6 9 7 .)
CIN. GEORGETOWN & PORTS. R R ,— S ee "E le c t r ic R a ilw a y S e c tio n .’ -
CINCINNATI HAMILTON & DAYTON R Y .— T h e s y ste m In cludes:
Proprietary roadsM iles
Road owned —
M ites.
Cincinnati to D a y to n , O ______________ 5 9C incinnati In d . A W e s te r n _____* 3 6 >
l:
D a y to n to Ir o n to n , O ____________
160 Cincinnati A D a y t o n ......................
11
D a y to n to D c lp h o s, O ___________
9 5 C olu m b u s F in d la y A N o r t h e r n .
1(
T r a c k a g e ___ _______
4 5 B ow lin g Green R R ----------------------P lq u a A T r o y B r a n c h ..................
)■
Hoads leased— ('S ee this co.)
*9'
D a y to n A M ic h ig a n _______________ * 1 4 2 C ine. F in d la y A F t . W a y n e ___
H o m e A v e . R R ___________________
3
T o ta l of a l l .........................................1.01 *
A lso ow ns D a y to n A U n ion Jointly w ith C lc v . C in . C h ic . A S t . L . am
Jointly w ith S o u . R y . con trols C in . N e w O rl. A T e x . P . R y .
V . 75 , p. 978
In 1911 sold th e 5 1 1 ,0 0 0 ,0 0 0 Pere M arq u e tte R R . sto c k .
V . 92, p. 596
Amount
Outstanding
39
F
J
M
Iso
& A
A
j
N
A
$ 1 3 ,0
J P M organ
N o v 1 1923
Deo 2 4 1 9 03 2 % C incinnati
A C o, N
Y
Jan 1 1 9 3 7
Jun e 1 1 9 42
A p r 1 1942
M a y 1 1941
J u ly 1 1 9 3 7
O c t 1 1 9 29
J u ly 1 1 9 59
J u ly 1 1 9 39
J u ly 1 1 9 13
T o A p r 1 1916
T o O ct 1 1914
T o Jun e 1 1920
Jan 1 1935
Jan 1 1 9 3 5
Jan 1 1 9 53
Jan 1 1931
N o v 1 1 9 39
N o v 1 1 9 23
J P M organ A C o ,
do
do
do
do
do
do
do
do
do
do
do
do
do
do
C entral T r u st C o ,
J P M organ A C o,
R W in th r o p A C o.
J P M organ A C o,
C en tral T ru st C o ,
do
do
J P M organ A C o,
do
do
U n S a v B k A T r C o,
J P M organ A C o ,
N Y
A u g 1 19 11 2 %
Jan 2 1 9 1 6
N o v 1 19 42
0 0 ,0 0 0 a d d ’ l und
C incinn ati
Central T r A S D C o, Cin
F arm e rs' L A T r C o. N Y
er p u rc h . m o n e y n otes of
N
N
N
N
N
Y
Y
Y
Y
Y
N
Y
Cin
N Y
O R G A N I Z A T I O N .— T h e c o m p a n y resu m ed possession on A u g . 19 1 9 09
the finances h a v in g been read tusted w ith o u t foreclosu re per plan o f Jun e
1909 ( V . 8 8 , p . 1 4 3 6 , 1 4 9 8 ) .
U n d er th e plan the m a n a g em en t of th e sy ste m
was taken ove r b y th e B . A O . R R . , and the ow n ership o f th e controllin g
stock Is to b e acqu ired b y th a t c o m p a n y a t the en d o f 7 years from J u ly 1
1909 at a price then to b e fixed b y arb itrators: d urin g th e 7 years said
controllin g stock Is to b e v e ste d In three v o tin g tru stees, on e to be P residen t
for tim e being o f B . A O .
B O N D S , A c .— T h e holders of 4 44 % notes ( $ 1 5 ,0 0 0 ,0 0 0 ) received for each
$ 1 ,0 0 0 n ote and Its c o u p o n s, $ 6 0 In cash and 5 1 ,0 0 0 o f new g e n . m t g e . bon d s
(to tal Issue $ 2 0 ,0 0 0 ,0 0 0 ) , to draw Interest as follow s: 4 H % d ep en d e n t u p on
Incom e u ntil J u ly 1 19 1 1 : then 1 % fixed an d 3 ) 4 % d ep en d en t upon in com e
until J u ly 1 1 9 1 4 : then 3 % fixed and 1 3 4 % d ep en d en t u p on In com e u ntl
July 1 1 9 1 6 : th ereafter 4 ) 4 % fixed .
First and refunding Mortgage dated July 1 19 0 9 , Auth. Issue, $ 7 5 ,0 0 0 ,0 0 0 .
C overs all th e ra ilw a y , all leasehold righ ts, all stock s o f op erated lines an d
all p roperty acqu ired b y use o f said b o n d s.
(See V . 8 8 , p . 1 4 9 8 : V . 9 0 , p
7 7 1 .)
(1) A m o u n t Issued $ 2 7 ,5 0 0 ,0 0 0 . v iz .:
(a) F or In d eb ted n ess, Im p rove m e n ts ( $ 5 ,0 0 0 ,0 0 0 ) , A c ---------------- $ 1 4 ,5 0 0 ,0 0 0
(b) For collateral to 5 1 1 ,5 5 7 ,0 0 0 4 % purchase m o n e y n o t e s .. 1 3 ,0 0 0 ,0 0 0
(c) R eserved for fu tu re u se, $ 4 7 ,5 0 0 ,0 0 0 , v iz .:
id) For ad d itio n s. Im p rove m e n ts and b e tte r m e n ts_____________ 2 3 ,7 2 1 ,0 0 0
(3) For refu nd ing u n d erlyin g b o n d s ________________________________ 2 3 ,7 7 9 ,0 0 0
T h e honds specified a b o v e as (ft) and (c) and 5 5 ,5 0 0 ,0 0 0 o f th ose n am ed
as <a) are g u a ra n tee d , p rln . an d In t., b y th e B altim ore A O h io R R . C o .
U n d er su p p le m en ta l agree m e n t d a te d J u ly 1 1909 ( V . 8 9 . p. 46 9,1 $ 1 1 .
5 5 7 ,0 0 0 4 %
purchase m o n ey n otes d a te d 1 9 0 8 an d d ue J u ly 1 1 9 1 3 ,
are secured b y p led ge o f $ 1 3 ,0 0 0 ,0 0 0 new “ first A r efu n d in g” 4 s .
T h e se
notes are gu ar, b y th e B . A O .
See fo r m , V . 8 9 . p . 9 1 8 .
2 . General Mortgage (see table a! head of page) — Total Issue, $ 2 0 ,0 0 0 ,0 0 0 .
T h e fixed Interest on th e general m o rtg a g e will be p a y a b le J a n . 1 and
J u ly 1, an d th e interest d ep en d e n t on Incom e (n o n -c u m u la tlv e ) will b e
p a y a b le N o v . 1 y e a rly .
O f th e gen erals, $ 1 5 ,0 0 0 ,0 0 0 w ere Issued In e x
ch an ge for th e 4 3 4 % n o te s, th e rem ainin g 5 5 ,0 0 0 ,0 0 0 for floating d e b t, A c .
In consid eration o f th e u n d ertak in gs of th e B . A O .. th e present bon d s
Issued under th e general m o r tg a g e are to b e su bject to call on a n y J u ly 1
prior to J u ly l 19 1 6 , for ex ch a n g e for new 4 % bon d s secured by th e g e n .
m tg e . an d gu ar, b y th e B . A O . as to p rln. and in t.
T h e presen t bond s are
also su b je c t to call for p a y m e n t a t par an d accrued In t. and th e 4 % gu ar,
bonds aro to be a t 103 and accru ed In t. on an y J a n . 1 or Ju ly 1.
D u ring Ju ly 1 9 16 (or soon er, In case of earlier acqu isition b y B . A O .
of th e con trollin g stock ) th e B . A O . w ill, u pon d e m a n d , u nless said gen .
m tge. bon d s shall h a v e been sooner red eem ed, a t Its o p tio n , either (a) p a y
8 5 % In cash and Interest for said bond s or (b) Issue In ex ch a n g e therefor a
new 4 % bon d secured b y said gen . m tg e . and g u a r . prln. and Int. b y th e
B . A O .; th e B . A O . to elect w heth er to m ak e such purchase or e x c h a n g e .
G U A R A N T I E S .— G u arantees securities o f C in. In d . A W e s t ., D a y to n A
M ich, an d C in . F in d . A F t . W a y n e ; also $ 9 3 3 ,0 0 0 In d . D e c . A W e s t . 5 s .
A lso gu aranteed $ 9 ,2 0 7 ,0 0 0 Pere M a r q . ref. 4 s .
V . 8 5 , p . 6 5 3 ; V . 8 7 , p .1 3 5 5 .
E A R N I N G S .— 12 m o s . , ( 1 9 1 0 -1 1 _____Gross. $ 9 ,5 7 0 ,2 8 1 ; n e t, $ 2 ,1 7 1 ,6 9 3
J u ly 1 to Ju n e 3 0 .
\ 1 9 0 9 -1 0 _____G ross, $ 9 ,4 4 6 ,5 2 4 ; n e t,
1 .8 5 9 .2 2 7
R E P O R T .— R e p o r t for year ending Jun e 3 0 1 9 1 0 In V . 9 1 , p . 1 0 9 1 .
Year ending June 3 0 —
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
1 9 0 7 -0 8 .
Miles o p e r a te d _______________
1 ,0 3 6
1 ,0 3 6
1 ,0 3 8
Gross ea rn in g s__________________
$ 9 ,4 4 6 ,5 2 4
$ 7 ,8 9 7 ,0 4 7 $ 8 ,0 1 1 ,4 8 3
N et I n c o m e ..........................................
1 ,5 5 4 ,2 2 8
1 ,1 3 1 .0 7 8
1 ,1 4 5 ,9 5 5
D ed u ct Interest on b o n d s .........................
1 ,7 8 6 ,8 9 9
2 ,2 0 6 .1 7 6
2 ,2 1 7 ,2 6 2
In terest on bills p a y a b le , A c . .................
1 2 8 ,0 0 4
2 4 6 ,5 7 7
2 3 4 ,5 2 2
R e n ta ls....................................................................
3 5 9 ,5 8 8
3 7 0 .2 4 7
3 6 8 ,0 7 3
B a la n ce , d eficit, for y e a r ......................
$ 7 2 0 ,2 6 3
$ 1 ,6 9 1 ,9 2 2
5 1 ,6 7 3 ,9 0 2
O F F I C E R S .— P r e s., D aniel W illa r d ; V Ic e -P r e s., G e o . F . R a n d o lp h ;
T re as. an d A s s t. S e c ., F . M . C arter: S e c ., C . W . W o o lfo r d .
D irectors.— O scar G . M u r ra y , L . F . L oree, G eo. F . R a n d o lp h , G . M .
S h rlvcr, G eo. W . P erk ins, I I . P . D a v iso n , Frederick W . S te v e n s, G eorge F .
B ak er, D aniel W illa r d , Joseph W o o d , E . R . B aco n , H en ry F . S h o e m a k er,
F . D . U n d erw o o d , H a r r y B ronner an d N o rm a n B . R e a m .— ( V . 9 2 . p . 5 9 4 .)
CINCINNATI INDIA NAP OLIS A WESTERN R R ,— H a m ilto n , O., to
S prin gfield , 111., 2 8 4 m iles: Sidetl, III., to W e s t L ib e r ty . 7 7 m iles: tra ck a g e.
W e st L ib erty to O ln e y , 8 m iles.
A consolidation S e p t. 1 9 0 2 .
V . 75, p .
339 . 2 8 9 , 4 9 7 , 73 2 .
S to c k a u th orize d , $ 8 ,2 0 0 ,0 0 0 : Issued, $ 7 ,1 1 5 ,8 0 0 ; all
nvned b y C . H . A D .. w hich received d ivid end s thereon In 1 9 0 2 -0 3 , $ 1 2 6 ,
7 9 8 : In 1 9 0 3 -0 4 , $ 1 6 7 ,3 2 2 ; In 1 9 0 4 -0 5 , $ 1 5 6 ,0 9 5 .
B O N D S .— T h o "f ir s t an d refu n d in g” 4s o f 1 9 02 ( $ 8 ,2 0 0 ,0 0 0 au th orize d
Issue) are g u a r ., p rln . A I n t., b y C . I I . A D . b y e n d o r se m e n t.
V . 75 , p.
12 0 1 , 1 3 3 5 ; V . 7 7 . p . 1 2 9 0 .
G u a r a n ty , V . 7 8 . p . 2 0 1 1 .— ( V . 8 9 , p . 4 6 9 .)
CINCINNATI INTER-TERMINAL R R .— O w ns a road 0 . 6 m . In length
ion n ectln g th e C hesapeak e A O h io bridge and th e C in . H a m . A D a y to n
term in als.
C ontrolled b y C hesapeak e A O h io R y .
C om m o n sto c k . $ 1 0 ,0 0 0
n $ 1 0 0 sh ares, Issued fer purp ose o f c o n tr o l.
T h e r e Is au th orized $ 1 ,0 0 0 ,>90 of first p ref. 4 % c u m . stock secured b y m tg e . to th e U n ion S avin gs B ank
% T r u st C o. o f C in cin n ati, as tru stee, and rentals paid b y C hes. A O h io an d
Lou isville A N ash ville , and su b jec t to call on an y In t. d a y after F e b . 1 1915
it 10 5 .
V . 7 9 , p. 2 1 2 ; V . 8 0 . p . 1 7 2 8 , 2 3 9 8 , 2 6 2 0 .
R e n ta ls received for
•ear en d ing Jun e 3 0 19 1 1 , $ 3 2 ,7 0 4 : d lv s ., $ 3 2 ,3 6 0 ; b a l .,s u r ., $ 4 0 4 . P r e s .,
•eo. YV. S te v e n s.— ( V . 8 0 , p . 2 6 2 0 .)
CINCINNATI LEBANON & NORTHERN RY. — O w n s C in cin n ati, O.. to
D o d d s, 3 8 m iles, in clu d ing 6 m iles from L ebanon to D o d d s, leased to th e
D a yton L e b . A C in. R R . ; M id d letow n J u n e, to M id d leto w n , O .. 14 m iles
form er M id . A C in. R R . . taken ove r J a n . 1 1 9 0 3 ): to ta l, 5 2 m iles.
S to c k
lu th o r lz cd , $ 1 ,5 0 0 ,0 0 0 ; o u tsta n d in g , $ 1 ,1 0 0 ,0 0 0 . m o stly ow n ed b y P e n n .
:o .
V . 75 , p. 98 0.
D ivid end of 3 % paid In 19 06 . 1 9 09 and 1 9 1 0 .
O f th e
5 1 ,5 0 0 ,0 0 0 first co n s. 4s o f 1 9 0 2 . gu ar. prln. A Int. b y th e P en n sy lv a n ia Com
> iny. $ 2 0 0 ,0 0 0 are reserved to retire the 5s due 1 9 1 6 .
V . 77. p. 86
C a l.
ve ir 1 9 1 0 , gross, $ 4 4 4 ,3 6 9 : n e t, $ 1 1 6 ,9 3 9 : other in c ., $ 3 8 ,3 9 1 ; ch arges,
7 6 ,1 8 0 : d lv s . ( 3 % ) . $ 3 3 ,0 0 0 ; s u r .. $ 4 6 ,1 5 0 . — (V . 7 7 , p. 8 6 .)
40
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N I E S
[For abbreviations, A c ., see notes on first page]
M iles
Date
Road Bonds
C in & M u s k V al— See C leve A k r o n & C incinn ati R y .
Cin N e w Orl & T e x a s P a c — C o m m o n sto ck $ 3 ,0 0 0 ,0 0 0
P refe rre d stock 5 % c u m u la tiv e $ 3 ,0 0 0 ,0 0 0 ....................
___
E q u ip tru sts S er B d ue $ 9 7 ,0 0 0 s -a ( V . 8 2 , p 9 2 8 ) . _
___
do
Ser C due $ 5 0 ,0 0 0 s-a (V 9 2 , p 10 31) _B a
___
C in c jn n u tj N orthern — 1st M $ 3 ,0 0 0 ,0 0 0 g o l d ._ G ,c * A r
___
C in c in n a ti R ich m on d & Ft VV— 1st AI gold ln t g u a r .c *
86
C le a n 'd & A lah onin g— S to c k 6 % ren t $ 1 ,0 0 0 ,0 0 0 au th
___
F irst m o rtgage gold gu aran tee d B R A P ___ U .c * & r
26
C le v e la n d A kron & C in — S to c k $ 1 2 ,0 0 0 ,0 0 0 _____
___
G eneral m ortgage (n o w lirst) g o ld _____________________
177
F irst con so l, in tge $ 4 ,0 0 0 ,0 0 0 1 gu aran teed p & 1 end 1 1 8 8 /
g old sin k in g fw nd __________ J n o t g u a r a n te e d ____
Cin & M a sk V a l 1st M $ 2 ,0 0 0 ,0 0 0 g gu p & 1 s f _F .c * [ 14^
C lev e la n d C incinnati C h ic ago & St L o u is— C om stock
—
P referred stock 5 % n o n -c u m u la tlv e ___________________
—
C I S t L A C con At d raw n a t 1 0 5 sink fu n d 1 % __o *
175
G en 1st At $ 1 0 ,0 0 0 ,0 0 0 g s f n o t d r a w n ___ C e .c A r
—
C leve Col Cin A In d c onsol m o rtgage (see t e x t ) _____
39 1
G en cons m tg e ( $ 1 2 ,0 0 0 ,0 0 0 ) g o ld ______ U s .c * A r
39L
In d ia n & S t L 1st At In 3 series o f $ 6 6 7 ,0 0 0 ___ U s.o
72
2 d AI ( $ 2 ,0 0 0 ,0 0 0 ) gold In d la n a p to T erre I I ___ c*
72
C lev Cin Chic & S t L W h ite W a t V al D lv 1st g .C e .c *
62
S p r A Col D lv (Col Spr & Cin) 1st AI g o ld _____C e .c *
45
C airo D ivisio n 1st AI $ 5 ,0 0 0 ,0 0 0 g o ld _______ C e .c * . 2 6 7
S t Louis D lv coll tr gold ( $ 3 5 1 ,0 0 0 in s f ) _ _ C c c A r
194
C lncln W a b & Allch D lv first m tg e g o ld _____lls .c *
203
G en AI 1 0 0 years for $ 5 0 ,0 0 0 ,0 0 0 g o l d ..M e .x c * A r 1 .0 2 1
B on d s $ 2 0 ,0 0 0 ,0 0 0 a u th o r iz e d _________________________
—
...
____
1906
1911
1901
1871
____
1893
____
18S7
1 9 00
1 9 00
1 8 98
_____
_____
1 8 80
18 86
1874
1S84
18(39
1882
1 8 90
1890
1 8 90
1890
1891
18 93
1 9 10
1911
Par
Value
Amount
Outstanding
$100
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
50
1 .0 0 0
100
500 Ac
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
10 0
100
1 ,0 0 0
1 ,0 0 0 A c
1 .0 0 0
1 ,0 0 0
1.000
1 ,0 0 0
1 .0 0 0
50 0 Ac
1 .0 0 0
1 ,0 0 0 A c
1 ,0 0 0
1 ,0 0 0
5 0 0 fr, A c
1 ,0 0 0
$ 3 ,0 0 0 ,0 0 0
2 ,4 5 3 ,4 0 0
8 7 3 .0 0 0
9 5 0 ,0 0 0
1 ,0 0 0 ,0 0 0
1 .S 0 0 .0 0 0
9 0 0 ,0 0 0
6 5 0 .0 0 0
7 ,5 0 0 ,0 0 0
1 ,8 0 0 ,0 0 0
1 ,0 0 6 ,0 0 0
6 2 4 ,0 0 0
1 ,7 4 3 ,0 0 0
4 7 ,0 5 0 ,3 0 0
1 0 .000,000
6 1 8 ,0 0 0
7 ,1 7 8 ,0 0 0
4 ,1 3 8 ,0 0 0
3 ,2 0 5 ,0 0 0
2 ,0 0 0 ,0 0 0
5 0 0 ,0 0 0
6 5 0 ,0 0 0
1 ,1 0 3 ,7 3 0
5 ,0 0 0 ,0 0 0
1 0 ,0 0 0 ,0 0 0
4 ,0 0 0 ,0 0 0
2 5 ,2 2 0 ,0 0 0
9 ,6 5 0 ,1 8 1
1 0 ,0 0 0 ,0 0 0
Rate
5 In 1 9 1 0 J A
D
5 in 1 9 1 0
<J— M
N
444 g M A
M A N 15
4
4
J
A
J
7 g
J
A D
6
J
A
J
J
J
5 g
A
See t e x t See t e x t
M A
5 g
S
F
4 g
A A
F
4 g
A A
F
4 g
A
A
S ec tex t M A
S
5 in 1911
Q— J
M A
N
6
4 g
Q— P
A
D
7 or 6 g ,T
6 g
J
J
A
“ X
7
6 g
M A N
4 g
,r
J
A
4 g
M A
S
J
J
4 g
A
4 g
M A N
,T
A
J
4 g
J
4 g
A D
4
J
A D
J
A
4 4*g J
_
c in n a ti, Cincinnati to C h a tta n o o g a , T e n n ., 3 3 5 m iles; tra ck age, 2 m . O w ns
en tire sto ck of H arrlm an & N . E . R y ., 2 0 m ., o p . sep a ra tely . V 77 p 1743
I n 1901 lease w as ex te n d ed 6 0 years to O c t. 12 19 6 6 ; ren tal u ntil O c t. 12
1 9 0 6 w as m odified begin nin g J u ly 12 1 9 0 2 to $ 1 ,0 5 0 ,0 0 0 y e a rly , th e re
m a in in g $ 5 0 ,0 0 0 per q uarter to be deferred as It accrues an d to be paid q uar
terly a t rate of $ 4 0 ,0 0 0 y e a rly , w ith ln t. on d e f’ d p a y m e n ts a t 3 % ; rental
u nd er renew al to be $ 1 ,0 5 0 ,0 0 0 y e a rly for first 2 0 y e a rs, then $ 1 ,1 0 0 ,0 0 0 for
2 0 years; thereafter $ 1 ,2 0 0 ,0 0 0 .
V . 7 3 . p . 7 2 2 ; V . 7 4 . p . 1 2 5 1 . P ref. sto ck ,
has prior rights on d issolu tion , b u t n o v o tin g p ow er.
V . 7 4 , p. 5 2 8 , 82 9.
D I V I D E N D S .—
11903. 1904. 1905. 1906.
1 9 0 7 -1 0 .
1911.
O n c o m m o n , % ............J 2
2
5
54*
5 (244 J .& D .)
J u n e ,2 4 4
S T O C K .— C o m m o n , $ 3 ,0 0 0 ,0 0 0 , con trolled In Interest o f S ou th ern R y .
an d C incinnati H a m ilto n A D a y to n R y .
V . 6 1 . p. 26: V . 6 5 . p . 1173.
L A T E S T E A R N I N G S .— J 1 9 1 0 -1 1 ____ G ross, $ 9 ,2 0 5 ,4 0 5 ; n e t, $ 3 ,0 8 9 ,2 1 4
12 m o s ., J u ly 1 to June 3 0 . \ 1 9 0 9 -1 0 ___ G ross, 9 ,0 7 9 ,4 7 1 ; n et, 3 ,5 4 8 ,5 9 8
A N N U A L R E P O R T .— R e p o rt for year en d ing Ju n e 3 0 1 9 1 0 w as In
V . 9 1 , p . 1 2 4 0 . sh ow in g: G ross, $ 9 ,0 7 9 ,4 5 2 : n e t, $ 3 ,3 1 2 ,2 6 9 ; other Incom e,
$ 2 9 1 ,9 8 7 ; In terest, ren tals, A c ., $ 1 ,4 0 6 ,7 3 2 ; Im p r o v e m 'ts, $ 1 ,4 7 5 ,9 5 9 : d lv .
on p ref. ( 5 % ) , $ 1 2 2 ,6 7 0 : d lv . on c o m . ( 5 % ) , $ 1 5 0 ,0 0 0 ; b a l., s u r ., $ 4 4 8 ,8 9 5 .
In 1 9 0 8 -0 9 . gross, $ 7 ,8 2 6 ,9 8 2 ; n e t, $ 2 ,5 0 7 ,2 9 9 .— ( V . 9 2 . p . 1 0 3 1 , 1 3 7 4 .)
When
Payable
%
|
Obligations for Proprietary Lines.
; C incinn ati S a n d u sk y A C leve lan d — P referred stock
50
4 2 8 ,9 9 7
6
;
C onsol (now lirst) m tg e $ 3 ,0 0 0 ,0 0 0 g o ld ___ A B .c
170 1888
1 ,0 0 0
2 ,5 7 1 ,0 0 0
5 g
C en tral In d ian a first m tg e $ 4 ,0 0 0 ,0 0 0 gold g u a r .C e
1 2 5 1 9 03
1 ,0 0 0
1 ,5 0 0 ,0 0 0
4 g
Ch I & S t L S L 1st AI $ 3 ,0 0 0 ,0 0 0 gold g u .. C e , c * Ar
4 5 1 9 03
1 ,0 0 0
3 ,0 0 0 ,0 0 0
4 g
L ou isville & Jefferson ville B ridge 1st AI— See tb a tC o
C lev e la n d C o lu m b u s C incinn ati & In d ia n a p o lis— C leve land I ndiana polls St L ou is & Ch c a g o — Se
C leve Lorain & W h e e l— Con m tg e (now 1st) g .U s m .c *
19 2 1893
1 ,0 0 0
5 ,0 0 0 ,0 0 0
5 g
G eneral m tge $ 1 ,0 0 0 ,0 0 0 gold red eem a t 1 0 5 _____N
19 2 1 8 9 6
1 ,0 0 0
8 9 0 ,0 0 0
5 g
C ons ref m tg e $ 1 0 ,0 0 0 ,0 0 0 gold red a t 10 2 4 4 __T a .c *
192 1 9 0 0
1 ,0 0 0
4 ,0 0 0 ,0 0 0
444 g
" x " S er. " A " are J . A J .; ser. " B , ” AI. & S .; ser. " C . " M . A N .
C I N C I N N A T I N E W O R L E A N S & T E X A S P A C IF I C R Y .— (See M a p oi
Southern R y .) — O p erates C incinnati Sou th ern R y ., ow n ed b y c ity o f Cin
[V O L . L X X X X H I .
M
J
M
A
A
A
A
A
N
J
N
O
e C lcvcla
A
A O
J
A D
J
A
J
Last Dividend
and Maturity
Places Where Interest and
Dtviilends are Payable
J u n e lS 1 9 1 1 2 44 C incinnati
S e p t 1 1911 1 1 4
do
M a y '1 2 - M a y '1 6 E q u ita b le T ru st Go, N Y
M a y '1 2 - M a y '21 B ank ers T ru st C o , N Y
J u ly 1 1951
G u aran ty T r u st C o, N Y
Jun e 1 1921
W in slo w ,L a n ie r A C o .,N Y
J u ly 1 1911
C hecks m ailed
Jan 1 1 9 4 3
3 6 W a ll S tr e e t,N e w Y o r k
S e p t2 5 ' l l 2 %
M ch 1 1 9 2 7
W in slo w , L a n ie r A O o .N Y
A u g 1 1940
do
do
A u g 1 1940
do
do
A u g 1 1 9 48
F arm L A T Co, N Y
S ep t 1 1 9 1 0 2 % J P M organ A C o. N Y
O c t 2 0 1911 I K
M ay 1 1920
A u g 1 1 9 36
do
do
Ju n e 1 1914
Jan 1 1 9 3 4
J u ly 1 1 9 1 9
N o v 1 1 9 12
J u ly 1 1 9 40
do
do
S ep t 1 1 9 4 0
Jan 1 1 9 39
N o v 1 1990
J u ly 1 1991
do
do
June 1 1993
do
do
.June 1 1 9 30
M organ , lla r je s A C o , Paris
Jan 1 1931
N ew Y ork
N ov
Jan
M ay
Apr
1
1
1
1
19 11 3 % J P M organ A O o, N Y
1 9 28
1 9 53
C entral T r u st C o, N Y
19 53
J P M organ A C o , N Y
nd Cincinnati C h lcago A S t L ou is
O ct 1 1933
2 W a ll S tr e e t, N e w Y o rk
June 1 1 9 36
Jan 1 1 9 3 0
do
do
A new d ou b le -tra ck line fr o m E v a n sv ille to M t . C arm el, I n d ., 3 0 m ile s,
w as op en ed
J u ly 1 1911 u nder the ch arter o f th e E v a n sv ille M t . C ar
mel A N orth e rn R y .
V . S3, p. 8 1 7 , 1098; V . 9 0 , p . 7 1 2 ; T . 9 2 , p . 8 0 7 .
V . 93, p. 871.
H I S T O R Y , A c .— A con solid ation o f th e C incinn ati In d ian ap olis S t . L o u is
A C hicago R a ilw a y C o ., th e C levelan d C olu m b u s C incinnati A In d ian ap olis
R a ilw a y C o. an d th e In d ianap olis A S t . L ou is R a ilw a y C o ., m a d e In J u ly
1 8 8 9 , per plan In V . 4 8 , p . 4 2 7 .
O f th e c o m . sto c k , $ 3 0 ,2 0 7 ,7 0 0 w as In J a n .
1911 ow n ed b y th e L . S . A M ic h . S o . R y ., a m a jo r ity o f th e en tire sh are
c a p ita l.
V . 7 2 , p . 8 6 ; V . 8 2 , p. 7 4 9 .
T h e c o m p a n y Is also on e-fo u rth ow n er of P eoria A P ek in U n io n R y .
(th roug h the P co . A E a st. R y .) , o n e -fo a r te e n th ow n er In T e rm in a l R R .
A sso c ia tio n o f S t . L o u is, and tw o -Ilfth s ow n er o f In d la n a p . U n ion R y ., and
p art ow ner o f C en t. In d ian a R y ., C en t. U n ion D e p o t A R y . o f C in cin n ati,
U n io n D e p o t o f C olu m b u s, D a y to n U n ion R y ., D a y to n A U n ion R R . , M u n cle B elt R y . an d F in d la y B elt R y ., w hich arc op erated In d ep en d en tly.
S T O C K .— In 1 9 07 $ 4 ,8 0 6 ,5 8 0 new c o m m o n sto ck w as su bscrib ed for at
9 0 ; $ 2 ,2 4 9 ,7 2 0 a d d ition al w as sold to J u ly 1 9 1 1 .
D I V I D E N D S . J '9 7 . '9 8 . '9 9 . '0 0 .
C o m m o n ............% } 0
0
0
3
'0 1 . '0 2 t o ’0 7 .’0 8 . '0 9 .
3 44 4 y e a rly 1 0
Preferred____ %J 2 ) (
5
5
5
'1 0 .
4
1911.
0
5 yearly 5
5
5
5
B O N D S .— T h e sin k in g fu n d p rovision o f th e Cleveland Columbus Cincin
nati A Indianapolis consol, bonds (sta m p ed ) has been can celed . T h e prin
5
C I N C I N N A T I N O R T H E R N R R .— (See M ap Cleveland Cin. Chicago A St.
cipal is p a y a b le In g o ld , b u t th e Interest a t o p tio n o f h older, either In law ful
Louis .) — O w ns F ran k lin , O ., to J a ck so n , A llc h .. 2 0 5 m iles; tra ck age (C . C .
m on ey a t 7 % per an n u m or In B ritish sterlin g a t 6 % .
C . & S t . I , . ) , Franklin to C in cin n ati, 4 0 m iles: a t J a ck so n , 1 m ile.
O n J an . 1
St. Louis Division bonds, see d eed o f tru st, V . 5 2 , p . 4 2 -4 5 .
19 11 C lev . Cin. C hic. & S t. L . ow n ed $ 1 ,7 0 7 ,4 0 0 of th e $ 3 ,0 0 0 ,0 0 0 stock
T h e 100-year mortgage o f 1893 Is lim ited to $ 5 0 ,0 0 0 ,0 0 0 .
Tn J an . 1911
an d $ 5 8 1 ,0 0 0 b o n d s.
D iv id e n d s on sto c k , 3 % , paid M arch 1 1 9 10 and 1 9 1 1 .
F or calen d ar year 1 9 1 0 , gross, $ 1 ,2 9 4 ,2 9 7 ; net In com e, $ 2 5 2 ,5 4 9 ;
$ 1 0 2 ,9 8 1 ; im p r o v e m e n ts, $ 2 9 ,7 1 6 ; d iv s. ( 3 % ) , $ 9 0 ,0 0 0 ; b a l., s u r .,
F or 8 m o s. en d ing A u g 31 1 9 1 1 . gross, $ 7 7 4 ,3 6 9 , a g st. $ 8 2 7 ,9 4 8
n e t, $ 8 2 ,2 3 9 , a g s t. $ 1 6 7 ,8 1 2 .
P r e s ., W . C . B r o w n .— ( V . 9 2 , p .
charges,
$ 2 9 ,8 5 2 .
In 19 10 ;
7 9 4 .)
C I N C I N N A T I R I C H A 1 0 N D & F O R T W A Y N E R R — O w ns from R ich
m o n d . I n d ., to A d a m s , I n d ., 8 6 m .; leases 5 m . of P . F t . W . & C .
N ow op
erated (S e p t. 19 11) b y G ran d R a p id s A In d ia n a R y .
R e n ta l, n et earn ings.
I n t . is gu aranteed b y the P en n sy lv a n ia C o. an d P itts . C in. C hic. & S t . L C o.
J ointly (th e P . C . C . A S t . L . ta k in g the p lace o f th e C in . H a m . A D a yton
In 1 8 8 8 ) .
S to c k , $ 2 ,1 8 6 ,6 0 0 (p ar $ 5 0 ) , o f w hich P e n n . C o. ow ns $ 1 ,2 5 7 ,
900.
Dtce gu arantors D e c . 31 1 9 1 0 , $ 1 ,8 3 4 ,4 8 2 .
Year end. Dec. 3 1 .
Gross.
Net.
Interest, A c.
Balance.
1 9 1 0 ......................................... $ 7 2 9 ,7 9 1
$ 8 9 ,2 3 4
$ 2 8 0 ,6 7 2
d e f .$ 1 9 1 ,4 3 8
1 9 09....
........................... 6 6 8 .6 3 9
1 0 2 ,9 9 5
1 8 4 .7 2 0
d c f. 8 1 ,7 2 5
C IN C IN N A T I
U N IO N
D E P O T & T E R M I N A L C O .— V . 9 1 , p . 1 5 7 4 .
C L E A R F I E L D & M A H O N I N G R Y .— {See M a p B u f. Roch. A P itts .) —
O w n s ro a d , c om p leted In 1 8 9 3 , from D u B ois J e t ., P a ., on B u f. R . A P . , to
ClearSeld on Beech Creek R R . , 2 6 m iles.
L eased d urin g corp orate existence
an d renew als thereof to B u ffalo R o ch ester A P ittsb u r g h — w hich sec— a t a
r en te ! p ayab le in gold an d eq u al to 6 % on $ 1 ,0 0 0 ,0 0 0 stock , par $ 5 0 , and 5 %
on b o n d s, the la tte r b ein g g u a r ., p . & 1., b y en d o rsem e n t.
A u th o rize d stock
$ 1 ,0 0 0 ,0 0 0 ; Issued, $ 1 5 0 ,0 0 0 .— ( V . 8 9 , p . 4 7 0 , 1 1 4 1 .)
C L E V E L A N D A K R O N & C I N C I N N A T I R Y .— {See M aps of Pennsyl
va n ia R R .) — O w n s from H u d so n , O ., to C o lu m b u s, O ., 144 m iles; K lllb u c k
to T r ln w a y , 3 4 m .; M orrow to T r ln w a y , 14 8 m .; A p p le Creek b ran ch , 9 m .
H o w a rd Coal b ran ch , 4 m .; coal sp urs, 5 in .; to ta l ow n ed , 3 4 4 m .
O w ns a
fou rth interest In A k ro n & B arb erton B elt R R . , 2 4 m . , an d h alf Interest In
Z a n e sv ille T e rm R R . , 5 m . V . 7 6 , p . 4 3 5 .
A consolidation J u ly 1 1911 of th e C levelan d A k ro n & C olu m b u s R y . an d
C incinnati & M u sk in gu m V a lle y R R .
P e n n sy lv a n ia Company o w n s $ 7 ,
4 9 4 ,3 6 3 o f the $ 7 ,5 0 0 ,0 0 0 ou tsta n d in g sto c k , au th orized Issue $ 1 2 ,0 0 0 ,0 0 0
F irst d lv . 2 % , paid S e p t. 2 5 1 9 1 1 .
O f Cleveland A k . A C ol. 1st c o n so l, gold 4s o f 1 9 4 0 (C om m ercial T r . C o .,
P h lla ., tru stee), $ 1 ,0 0 6 ,0 0 0 are g u a r ., p . & L , b y th e P en n . Company;
$ 1 ,8 0 0 ,0 0 0 are reserved to retire th e g e n . 5s d u e 1 9 2 7 ; V . 7 1 , p . 3 9 0 ; V . 7 6 .
p. 653; V . 77. p . 1746, 22 80 .
P e n n . Co. also guarantees C in . A M u sk . V a l. b o n d s; see fo r m , V . 7 6 , p.
633.
Car tru sts D eo. 31 1 9 1 0 , $ 5 1 9 ,6 5 6 , due $ 8 5 ,7 4 6 y e a rly , an d $ 4 4 ,8 0 0
3 M s d u e $ 2 2 ,4 0 0 y e a rly .
In 1 9 1 0 earn ings of c o s. co n so lid a ted , gross
$ 3 ,6 6 2 ,8 2 5 ; n et In c ., $ 9 3 2 ,0 8 9 ; ch arges, $ 3 1 8 ,9 2 3 ; d iv s. of c o s. c o n s o l.. $ 2 6 0 ,.
0 0 0 ; a d d ’ ns and Im p t s ., $ 3 2 9 ,7 2 8 ; b a l., s u r ., $ 2 3 ,4 3 8 .— ( V . 9 3 , p . 1 0 5 .)
$ 2 2 ,0 3 7 ,0 0 0 ge n . 4s were reserved for prior liens (exclu sive o f Cairo d iv isio n ,
P eoria D iv isio n , M ichigan D ivision and th e S t . L ou is Division w est o f T erre
H a u te ), an d $ 2 ,7 4 8 ,0 0 0 for e q u ip m e n t, c o n stru ction and b e t te r m e n ts ,A c .,
$ 1 ,0 0 0 ,0 0 0 y e a rly .
See V . 7 8 , p . 1 4 4 6 ; V . 7 9 . p . 7 3 3 ; V . 8 3 , p . 3 7 9 ; V . 8 7 .
p . 10 10 ; V . 9 0 , p . 6 2 6 , 1 0 4 4 .
G u aran tees C h ic. In d lu n . A S t. I ,. S h o rt Line
R y ., C en t. In d ian a R y . and S prlngllctd U n ion D e p o t G o. b on d s.
V . 77,
p . 5 1 0 . 5 1 7 , 7 6 9 , 1 3 6 3 , 2 2 8 0 ; V . 7 8 . p . 1 9 0 6 . 19 61 ; V . 7 9 , p . 2 5 8 9 .
T h e stock holders N o v . 17 1 9 09 a u th orized $ 2 0 ,0 0 0 ,0 0 0 b o n d s, o f w hich
$ 9 ,6 5 0 ,1 8 1 4s sold M a y 1 9 1 0 , p a y a b le tn francs, an d $ 1 0 ,0 0 0 ,0 0 0 4 44s l»
June 1911 to provide for $ 5 ,0 0 0 ,0 0 0 n otes d ue Jun e 1 1911 and lm p r ts.
V . 8 9 , p . 7 2 0 , 7 7 8 , 1 1 4 1 ; V . 9 0 , p . 1 2 3 8 , 1 2 9 6 , 1 4 2 4 , 15 5 4 ; V . 9 1 . p . 1 7 1 0 ;
V . 92 . p. 1700.
J oin tly w ith four o th er roads c o v en a n ts to p a y N e w Y o r k C en tral Lin es
$ 3 0 ,0 0 0 ,0 0 0 eq u ip m en t tru sts o f 1 9 07 an d 1 9 1 0 , the c o m p a n y ’s share o f
eq u ip m en t tru sts D e c . 31 1 9 1 0 b ein g $ 2 ,9 6 0 ,2 7 8 an d $ 2 ,9 9 4 ,3 8 7 . respec
t iv e ly .
V . 8 5 . p . 1401; V . 8 6 , p . 168: V . 8 8 . p. 76 1; V . 9 0 , p . 1677.
G E N E R A L F I N A N C E S .— C ap ital sto ck per m ile o f road ow n ed D e c. 31
1 9 1 0 , $ 3 3 ,2 6 0 ; b on d ed d e b t, $ 4 8 ,1 1 2 .
In 1910 $ 1 0 ,0 0 0 ,0 0 0 ( 5 0 ,0 0 0 ,0 0 0
francs) 4 % d e b s, were so ld .
(See a p receding p aragrap h .)
E A R N I N G S .— 8 m o s ., ( 1 9 1 1 ...............G ross, $ 1 9 ,8 3 6 ,4 8 9 ; n e t , $ 5 ,0 1 9 ,7 9 6
J a n . 1 to A u g . 3 1 .
1 1 9 1 0 ...............G ross,
1 9 ,3 7 9 ,1 0 2 ; n e t ,
4 ,2 6 6 ,9 9 2
R E P O R T .— R e p o r t for ye ar en d ing D e o . 3 1 1 9 1 0 In V . 0 2 , p . 7 9 2 , 8 0 7 .
Year ending Dec. 3 1 —
1910.
1909.
1908.
R a ilroad rev e n u es......................... ............... . $ 3 0 ,4 2 3 ,0 0 5 $ 2 7 ,6 5 7 ,7 4 1 $ 2 4 ,2 4 2 ,6 1 7
O p eratin g In com e (after t a x e s ) .............. $ 5 ,8 7 9 ,6 5 5
$ 7 ,0 1 1 ,3 8 0
5 $ ,0 6 2 ,6 8 4
O ther In c o m e.......................................................
8 2 0 ,8 1 4
6 2 3 ,2 3 3
5 5 4 ,0 2 6
Gross corp orate In c o m e ......................... $ 6 ,7 0 0 ,4 6 9
$ 7 ,6 3 4 ,6 1 3
R e n ta ls o f leased lin es__________________
$ 1 2 0 ,0 0 0
$ 1 2 0 ,0 0 0
3 ,4 2 6 ,3 9 3
In te rest on b o n d s, A c __________________
3 .3 9 1 .7 0 0
H ire o f e q u ip m e n t, in cl. In te rest_____
8 9 6 ,1 4 2
6 5 2 ,7 8 4
O th er r e n t s ......... .................................
6 7 6 ,5 3 0
6 4 1 ,1 1 7
P r o p , loss op er. C en t. I n d . R y ________
6 2 ,4 6 5
5 2 ,6 4 1
D isc ou n t on d eb en tu re b o n d s _________
4 3 ,4 4 1
D ivid e n d s on p referred, 5 % ___________
5 0 0 ,0 0 0
5 0 0 .0 0 0
9 4 1 ,1 2 6
9 4 1 ,1 2 6
D ivid e n d s on c o m m o n , 2 % ....................
$ 5 ,6 1 6 ,7 1 0
$ 1 2 0 ,0 0 0
3 ,3 2 1 ,9 2 3
8 9 4 ,0 5 5
6 7 1 ,9 5 2
6 0 0 ,0 0 0
B a la n ce , surplus for y e a r ___________
$ 3 4 ,3 7 1
$ 1 ,3 3 6 ,2 4 6
$ 2 0 8 ,7 7 9
O F F I C E R S .'— P r e s., W . C . B ro w n , N e w Y o r k ; V ic e-P resid e n ts, J ohn
C arstensen, C . E . S ch a ff, A . H . H arris and C . F . D a ly ; S c o ., D w ig h t W .
P ard ee. N . Y . ; T r e a s ., C h a s. F . C o x . N . Y .
D ire ctors.— W illia m K . V a n d e rb ilt, F r e d ’ k W . V a n d e r b ilt, C h an n cey M .
D e p c w , J . P lerp on t M o rg a n , W illia m C . B r o w n , G e o . F . B a k e r , W m . K .
V a n d e rb ilt J r ., W m . R o ck efe ller, W m . I I . N e w m a n , J a m e s S tillm a n ,
W a lt e r P . B liss, Lew is Cass L e d y a r d , N e w Y o r k ; M elville B . In g a lls, C in
c in n a ti.— ( V . 9 2 , p . 5 2 6 , 792, 807, 1 3 1 0 , 1 7 0 0 ; V . 9 3 , p . 8 7 1 .)
C L E V E L A N D C I N C I N N A T I C H I C A G O & S T . L O U IS R Y .— {See M aps
Y . Central A II. R . R R .) — R O A D . — R a d ia tes from In d ia n a p o lis, I n d .,
w esterly to C h icago. P eoria, C airo, 111., S t . L o u is, easterly to S a n d u sk y ,
C lev e la n d , C olu m b us an d C in cin n ati, O ., an d sou th erly to L o u isv ille .
Owned Directly —
M iles.
Leased and Controlled—
M iles.
C lev e la n d , O ., to C o lu m b u s, 0 . . 1 3 8 C incinn ati A Springfield R y _____
48
. CLEV EL AND LORAIN & WH EEL IN G R Y . — (See M a p B . A O .)— O w ns
G a llo n , O . , to In d ia n a p o lis________ 2 0 3 C o lu m . H o p e A G reen sb ’ g R R .
24
from L orain , O . . to B rid ge p ort, 0 . , o p p o site W h e e lin g , W . V a . , 1 5 8 m .; L e s
D elaw are to S prin gfield ..........................5 0
Jointly Operated—
ter to C leve lan d , 2 8 m ., an d branch to B ellalrc, O . , 6 m .; op erates S t . C lalrsCincinnati to L a f a y e tt e ....................... 17 0 C nic. I n d . A S t . L . S h ort L i n e . .
44
ville A N o rth e rn , 3 .3 3 m .; to ta l, 19 5 m .; and has tra ck age Into W h e e lin g .
In d ian ap olis to T erre H a u te ________ 7 2
Trackage Into C incinn ati, A c .
32
V . 8 0 , p . 1 1 7 4 . O p erated b y B . A O ., w hich ow n s all o f the sto c k , $ 8 ,0 0 0 ,0 0 0
H arrison B ra n c h ...... ........................
7 T ra c k a g e Into J efferson ville_____
53
c o m . and $ 5 ,0 0 0 ,0 0 0 p ref. S ee V . 7 2 , p . 4 8 0 ; V . 7 3 , p . 2 3 6 ; V . 8 6 . p . 6 0 2 .
Leased— entire stock owned—
T r a c k a g e Into T o led o ( V . 7 9 , p .
P ref. d iv s .: 1 8 9 6 . 3 % : D eo. 1 9 0 4 , 2 4 4 % : 1 9 0 5 to A p ril 1 9 0 8 , 6 % ; n o fur
C incinn ati L a fa y e tte & C hfc. R y . 5 7
1 0 2 3 , 2 6 9 6 ) ......................................
48
ther d iv s. to be d eclared .
D lv . on c o m ., 2 1 4 % In 1 9 0 8 .
C airo V incen nes A C hic. R y .—
O f th e 4 143, $ 6 ,0 0 0 ,0 0 0 are reserved to retire old 5 s .
V . 70 , p . 23 0. 4 8 0 .
C airo. 111., to T ilto n A branch 261
T o t a l Included In e a r n in g s .. 1 ,9 8 2
R
E
P
O
R
T
.—
In
1
9
0
8
-0
9
,
gross, $ 3 ,7 9 6 ,1 8 2 : n e t, $ 1 ,2 1 6 , 1 5 2 ; other in
S t . L . D l v ., T . H . to E . S t . L . . 1 9 0
Operated; earnings kept separate— c
o
m
e
,
$
4
,0
3
8
;
charges,
A
c
.,
$
5
0
6
,1
6
8
;
b
a
la
n
ce
,
$
7
1
4
,0
2
2.
E arnin gs now
C o lu m b u s Springfield A C in .— ■
P eoria A E a stern R y ......................... *351
Included w ith th ose o f B a ltim ore A O h io .— ( V . 8 7 . p . 1 4 1 6 .)
C o lu m b u s, O . , to S p r in g f ie ld .. 45 C incinn ati N o r th e r n ............................*2 4 6
W h it e W a te r — H arrison , I n d ., to
K a n k a k e e A S en eca R R ________
42
CLEV EL AND & MAHONING V AL L E Y R Y .— O w n s from C lev e la n d , O . ;
H a g e r sto w n , I n d __________________ 6 2 M t . G ilead S h o rt L i n e . . ..............
to S h aron , P a ., 81 m iles (57 d o u b le tra c k ); N iles, O ., to N e w L isb o n , O . ,
2
C in . W a b a s h & M ichigan R y . —
and b ranches, 4 4 m .
L eased to N y p a n o R R . (form erly N . Y . P cn n a . A
L o u ls v . A J clferso n v . B r i d g e ..
*3
B e n to n H arb or to R u sh v lllc and
O hio) till 1 9 6 2 ' ren tal $ 5 2 5 ,9 6 7 per a n n u m .
C oup on Interest Is J . A J .,
b r a n c h ____________________________ 2 4 9
registered In terest, Q .-J .
S to c k is $ 3 ,2 5 9 ,2 0 0 , o f w hich $ 3 ,2 5 8 ,2 5 0 Is held
T o ta l o f sy ste m D e c . 31 ' 1 0 . - 2 , 6 2 6
O th e r lin e s________________ ________ _
59 T ra c k a g e III. C en t. Into C h lc .l
b y “ A tla n tic First L e ased L in es R e n ta l T r u st C o ., L im ite d ,” o f L o n d o n .
C incinn ati S a n d u sk y & C leve . R y . —
D iv id e n d s in 1 8 9 7 . 13
% : 1 8 98 to 1 9 0 4 , both in clu sive. 13 4 4 % y e a rly ; In
O n p ercen tage b a sis_________ /
S a n d u sk y , O ., to D a y ’ n, O ., A c. 170
1 9 0 5 , 1 1 . 4 2 % ; In 1 9 0 6 to 1 9 1 0 , 1 1 . 4 0 % . — ( V . 6 3 , p . 9 6 8 .)
Operates Independently—
D a y to n A U n ion R R . * ___________
47
C L E V E L A N D & M A R I E T T A R Y . — M erged J u ly 1 1911 Into tk « n ew
•See this c o m p a n y .
D ou b le t r a c k ______________________ 3 7 8
T o led o C olu m b u s A O h io R iv e r R y .— V . 9 2 , p . 1 7 0 0
N.
O o t ., 1 9 1 1 .J
R A IL W A Y
STOCKS AN D
41
BONDS
F t.F etteruian .
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42
RAILWAY STOCKS AND BONDS.
R A IL R O A D C O M P A N I E S
[For abbreviations, A c ., see notes on first page]
C lev e & M V — C ons M (n o w first) $ 3 ,0 0 0 ,0 0 0 g -C e .c A r
C love & M a r — S ee T o le d o C o lu m b u s A O h io R I v . R y .
C love A P ittsb u r g h — S to c k 7 % gu ar b y P en n R R Co
Special b ette rm en t sto ck $ 2 8 ,7 3 8 ,1 3 5 a u th gu ar 4 %
Gen M $ 1 0 ,0 0 0 ,0 0 0 g o l d .-H i Series A A B _______ c*
G u aranteed prln and Int (Series C A D ___ _ _c *
(endorsed) P en n R R _ _ J S e r ie s B I n t r o d u c e d - C levelan d Short Line— 1st M $ 2 0 ,0 0 0 ,0 0 0 a u t -( i x c * A r
C levelan d T erm inal & V a lle y — See B a ltim ore A O h io.
C oal & C oke— First m o rtg a g e $ 5 ,0 0 0 ,0 0 0 g o ld _________
C oal A Iron — S ee W e ste r n M a r y la n d .
C oal R iver R y — See C hesapeak e A O h io .
C oicb rook d ale— 1st M $ 5 9 3 ,4 0 0 unil R e a d M of 1 8 9 7 -C
C olo M id la n d — 1st M $ 1 0 ,0 0 0 ,0 0 0 (V 71 . p 1 3 9 ) -C e .c *
C olorad o A Sou th ern — C o m m o n sto ck $ 3 1 ,0 0 0 ,0 0 0 ___
F irst preferred 4 % n o n -c u m u la tlv e $ 8 ,5 0 0 ,0 0 0 _____
S econd preferred 4 % n o n -c u m u la tlv e $ 8 , 5 0 0 , 0 0 0 - F irst m o rtgage gold $ 2 0 , 0 0 0 , 0 0 0 -------------------- Ta.c*
R e f A e x t M $ 1 0 0 ,0 0 0 ,0 0 0 gold red 101 - .C e .x c * A r*
E q u ip bon d s ser A d u e s -a red 101 (V 8 4 , p 5 0 7 ) - _G
C olorad o Southern N ew O rlean s A P acific— See S t Lo
Col S p g s A C rip Cr D R y — 1st M $ 2 ,0 0 0 ,0 0 0 g s f - - . C c
First c onsol m o rtg a g e $ 3 ,6 0 0 ,0 0 0 g o ld ____ G .c A r
C olorad o T e x a s A M exico— F irst m tg e $ 7 5 ,0 0 0 ,0 0 0 —
C olu m N ew b A L au ren s— 1st M $ 1 2 ,0 0 0 per m _ _ S B a
C oiu m bia S outhern — F irst m tg e gold $ 2 ,1 0 0 ,0 0 0 — N
C olu m b ia A G reen ville— S ee S ou th ern R y
C o lu m b u s A T oled o— See H o c k in g V a lle y R y
C o lu m b u s A X e n ia — S to c k 8 % ren tal
------------------------C o m b in a tio n B ridge (S io u x C ity , la ) — F irst m t g e ------C on cord A C la rem o n t (N H ) — F irst m o r tg a g e _______ c
x Series " A , ” J A J ; ” B ” A A O .
y ‘‘C ’’ , M A N ;
M iles
Road
12 5
Date
Bonds
Par
Value
Amount
Outstanding
1888
$ l ,0 0 0 A c
$ 2 ,9 3 6 ,0 0 0
5 g
See t e x t . Jan
50
50
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0 A c
1 1 ,2 3 7 ,7 0 0
9 ,8 5 3 ,0 5 0
4 ,5 6 1 ,0 0 0
4 .4 8 7 ,0 0 0
4 3 4 ,0 0 0
S ee te x t
7
4
4 )4
3 )4
3 )4
4 )4
Q— M
S e p t 1 1 9 11 I X W in slo w , L a n A C o, N Y
Q— M
S e p t 1 1 9 11 1 %
do
do
J a n -O c t 1 9 42
do
do
X
1 9 4 8 -1 9 5 0
do
do
y
A
A
O O c t 1 1 9 42
do
do
A
A
O A p r 1 19 61
N ew Y o r k
1 ,0 0 0
4 ,1 1 6 ,0 0 0
5 g
2 0 5 >4 1892
2 0 5 ) 4 ’ 9 8 -0 0
18 92
2 0 5 )4
...
1911
194
1903
13
26 1
18 68
1 8 97
1 ,0 4 1
Text
uls A
74
75
70
100 Ac
1 ,0 0 0
100
100
18 82
10 0
1 8 99
1 ,0 0 0
1 9 05
100 Ac
19 07
1 ,0 0 0
S an Fr an clsco.
1 9 00
1 ,0 0 0
1902
1 ,0 0 0
1 ,0 0 0
1908
1 ,0 0 0
1887
1 ,0 0 0
1898
55
71
"D ,”
1895
1 8 94
50
500 Ac
1 ,0 0 0
C LE V E LA N D TE RM IN A L & V A LL E Y R R .— C lev e la n d . O ., to V a lle y
ju n c t i o n , 7 5 m iles; b ranches, 11 m iles.
O f th e $ 4 ,6 1 5 ,3 0 0 common (par
$ 5 0 ) . B . A O . ow n s $ 4 ,5 9 4 ,3 0 0 , an d of th e $ 2 ,0 0 0 ,7 5 0 p r e f., $ 1 ,8 2 6 ,7 0 0 ;
p ar, $ 1 0 0 .
B o n d s, see B . & O .
G ross, 1 9 1 0 -1 1 , $ 1 ,3 5 0 ,4 9 7 ; n e t, $ 4 2 1 ,6 7 6 ; o th er In c ., $ 3 1 ,7 2 1 ; I n t., A c .,
$ 2 4 6 ,1 2 7 ; b a l., s u r ., $ 2 0 7 ,2 7 0 .— ( V . 9 1 . p . 1 3 2 4 : V . 9 3 . p . 11 05 .)
COAL & COKE R Y . — Owns from L e lte r, W . V a ., to C h arle sto n , W . V a . ,
1 6 6 .4 m iles; tra ck a g e, R o a rin g Creek J et. to E lk in s, 7 . 6 m .: an d R o a rin g
Creek J e t. to L e lte r, 1 .6 m .; M a b le to B ellln g to n , 1 7 .7 m .; b ran ch , G assaw ay
to S u t to n , 6 .5 m . (c om p leted J a n . 1 9 1 0 ): to ta l Ju n e 3 0 1 9 1 1 , 1 9 9 .8 m iles.
C o m p a n y ’s ow n line, from E lk in s to R . C . J e t ., 7 .6 m iles, to be c o m p leted In
fall o f 19 1 1 .
A b o u t 1 0 0 ,0 0 0 acres o f coal lan ds are ow n ed .
S to c k , c o m ., $ 1 0 ,0 0 0 ,0 0 0 , all o u tsta n d in g ; 5 % p r e f., $ 1 0 ,0 0 0 ,0 0 0 au th or
ized O c t. 19 07 , o f w hich $ 8 ,8 8 1 ,8 0 0 Issued to purchase $ 6 ,3 0 0 ,0 0 0 bond s
an d se ttle m e n t o f o th er d e b ts; bond s reduced to $ 5 ,0 0 0 ,0 0 0 , o f w hich $ 2 ,
0 0 0 ,0 0 0 In tre asu ry.
V . 8 5 , p. 1005.
M ortgage c overs road an d coal lan d s.
V . 78 . p. 47 .
Car tru sts Jun e 3 0 1 9 1 1 , $ 2 8 2 ,6 1 4 , due $ 5 5 ,0 0 0 y e a rly ; loan s
and bills p a y a b le , $ 1 ,1 4 0 ,0 8 7 .
E A R N I N G S .— 2 m o s .. 1 1 9 1 1 ..................... G r o s s , $ 1 3 7 ,3 7 1 ;
n e t, $ 2 9 ,9 7 7
J u ly 1 to A u g 3 1 .
1 1 9 1 0 .................. G ross,
1 3 4 ,0 5 3 ;
n e t,
3 5 ,9 7 3
R e p o rt for year en d in g June 3 0 1 9 1 0 In V . 9 1 , p. 1 2 4 6 .
In 1 9 0 9 -1 0 , G ross,
$ 9 4 2 ,7 5 3 ; n e t, $ 3 3 7 ,6 5 7 ; n et Incom e coal d e p t ., A c ., $ 2 7 ,7 3 5 ; to ta l n e t,
$ 3 6 5 ,3 9 2 ; o th er In com e, $ 8 4 0 ; In t., ta x e s, A c ., $ 3 2 8 ,1 4 8 ; b a l., s u r ., $ 3 8 ,0 8 4 .
P r e s ., H . G . D a v is, E lk in s, W . V a .; S e c ., C . M . fle n d le y , W a s h in g to n ,
D . C .— (V . 9 1 , p . 1 1 6 0 , 1 2 4 6 ; V . 9 3 , p . 1 1 0 5 .)
C OL EBR OO KDA LE R R . — P o ttsto w n to B a r to , P a ., 1 2 .8 1 m iles. L e a sed
C om m o n sto ck , $ 2 9 7 ,2 1 5 : p ar, $ 5 0 .
COLORADO M ID L AN D R Y . — (See M ap Col. A South.) — O w n s from
C olorad o S prings to N ew C astle, C o l., through B u sk -Iv a n h o e tu n n e l, 2 2 1 .9 2
m iles; b ranches, B a sa lt to A sp e n , 1 9 .3 7 m .; C ardiff to S prin g G u lch , 1 5 .0 1
m .; A rk a n sa s J e t. to L e a d v llle , 4 .8 0 m .; to ta l o w n ed , 2 6 1 .1 0 m iles. Leases
R io G ran de J e t. R y ., Rifle Creek to end R . C>. J . R y ., 6 2 .0 8 m .; tra ck age
to R ifle C reek, A c ., 1 4 .4 6 m .; to ta l op erated , 3 3 7 .6 4 m iles.
O R G A N I Z A T I O N .— Successor O c t. 1897 to th e C olorad o M id lan d Rail
road, foreclosed and reorganized per plan In V . 6 4 , p . 1 2 2 4 . 1 2 2 6 .
In M a y
1 9 0 0 a m a jo r ity o f the sto c k . It n ot th e en tire Issue, w as purchased b y a
sy n d ic a te In the Joint Interest o f th e C olorad o & Sou th ern and D en ver A
R io G ran d e .
V . 7 0 . p . 6 8 6 , 7 9 1 . 9 9 7 . 12 9 0 ; V . 7 1 . p . 2 8 ; V . 7 3 . p . 1 1 1 1 .
P r e f., $ 6 ,0 0 0 ,0 0 0 ; c o m m o n . $ 4 ,0 0 0 ,0 0 0 .
E A R N I N G S . — 10 m o s ., / 1 9 1 0 - 1 1 ........... G ross, $ 1 ,6 2 1 ,7 0 7 ; n e t , $ 1 2 2 ,6 9 9
J u ly 1 to A p r. 3 0 .
1 1 9 0 9 -1 0 --------- G ross,
1 ,9 6 8 ,6 4 2 : n e t, 2 6 5 ,6 6 7
D eficit after charges tor 10 m o s . o f 1 9 0 9 -1 0 , $ 2 2 5 ,7 7 7 : a g s t . $ 1 2 0 ,2 3 4 .
Year—
Gross.
Net.
M isc.In c.
Charges.
Balance.
1 9 1 0 - 1 1 ................. $ 1 ,9 0 7 ,5 6 4
$ 2 4 7 ,2 8 2
$ 3 7 ,4 4 3
$ 5 5 2 ,4 4 0 d e f. $ 2 6 7 ,7 1 5
1 9 0 9 -1 0
......... .. 2 ,3 4 0 ,2 8 6
3 2 8 ,4 3 2
3 8 ,5 8 3
4 9 9 .3 0 8
d c f. 1 3 2 .2 9 3
O F F I C E R S .— P r e s ., G e o . W . V a lle r y : V . - P . , C h as. I I . S ch lack s; T r e a s .,
H e n r y L . H o b b s ; S e c ., L . I). J oh n son , D e n v e r; A s s t. S e c ., L . E . K a tz e n b a ch , N . Y . ; A s s t . T r e a s ., H . B . H e m o n , N . Y .
D ire ctors.— George B . H arris, A . D . P arker, D arius M iller, W . P . C lou gh ,
E d w in H a w le y . G eorge J . G ou ld , E d w in G o u ld , W in s lo w S . P ierce, E . T .
J eflery an d C h as. I I . S ch la c k s.— ( V . 9 0 , p . 4 4 7 ; V . 9 2 , p . 1 7 0 1 .)
• COLORADO & SOUTHERN R Y .— (See M a p .)— O p erates a sy ste m from
O rln J e t ., W y o m in g , through C olorad o to F o r t W o r t h , T e x ., an d b y e x
ten sions bu ilt to 10(16-07 reaches tidew ater a t G a lv e sto n , T e x ., an d also
H o u s to n , D allas and other p o in ts, v iz .: (• w hich sec.)
Lines owned —
M iles.
Controlled— ■
M iles.
C heyen ne to O rln J u n c tio n _______ 154 D e n ve r A In teru rb an R R _________ 2 9
D e n v e r to S outhern J e t ., C o lo -_ 1 2 9 Fort W o r t h & D en ver C it y .............* 4 5 4
D e n v e r to L e a d v . (nar. g a u g c ) - -1 5 2 C ol. S p r . A Crip. C r. D istr ic t_____ *7 4
C om o to B aldw in M ine ( d o ) ______ 133 W ic h ita V a lle y R y . ................................*5 2
W a lse n b u r g J e t ., C o l., to T e x a s
W ic h ita F alls A O k la h o m a _________ 2 3
S ta te L in e _________________________ 176 W ic h ita V a lle y R R ..........................
61
O t h .ll n e s .b r , A c . (1 0 6 n ar.gau ge) 2 8 5 A b ilen e A N o r th e r n .......................
39
Trackage— P ueblo to W u lsen b u rg
S t a m f .A N . W . R y .( V . 8 0 . p .1 2 8 1 ) 8 2
(D e n v e r & R io G r a n d e )___________ 59
C h eyen n e to D e n v e r (U n . P a c .) _ _ l( ) 6
T o ta l J u n e 3 0 1 9 1 1 ....................... 2 ,0 0 8
T o t a l ...................................................... 1 .1 9 1 .
A ls o ow n s beneficial h alf Interest Ini' C olorado M id la n d , o p eratin g 3 3 8 m .,
» n d In T r ln ltv A B razos V a lle y R y .
See those co m p a n ie s.
T h e new low -gra de line from P u eb lo to W a lse n b u r g , 5 6 m iles, an d line
from W e llin g to n , C o l., to C h eyen n e, W y o ., 3 2 m iles, were op en ed a b ou t
O c t. 15 1 9 1 1 .
Sec also last paragraph “ B o n d s” b elo w .
V . 90, p. 626.
Rate
%
When
Payable
g
g
g
g
A
6 0 0 ,0 0 0
J
6
8 ,9 4 6 ,0 0 0
4 g
J
3 1 ,0 0 0 ,0 0 0 2 In 1910 See
8 ,5 0 0 ,0 0 0 4 In 1911 A
8 ,5 0 0 ,0 0 0 4 In 1911 A
1 9 .4 0 2 ,0 0 0
4 g
F
3 0 ,2 4 5 ,0 0 0
4 )4 g M
5 6 7 ,0 0 0
5
A
1 ,6 3 « ,0 0 0
1 ,3 7 9 ,0 0 0
(?)
8 9 9 .0 0 0
7 0 0 ,0 0 0
5
5
5
3
5
g
g
g
g
A
A
A
A
A
A
1 1938
Jun e 1 189S
J u ly 1 1 9 4 7
Deo 3 1 1 9 10
O c t 2 1 9 11
O c t 2 1 9 11
F e b 1 1 9 29
M a y 1 1 9 35
A p r '1 2 -A p r
,T Jan
O O ct
J Jan
J J u ly
D D ec
1
1
1
1
1
Places Where Interest and
Dividends are Payable '
W in slo w , L a n A C o ., N Y
O A pr 1 1919
A
D
A
J
te x t.
A
O
A
O
A
A
A N
A
O
.T
A
J
J
J
Last Dividend
and Maturity
E lk in s, W V a , or lla lto
2%
2%
2%
R e a d in g T e r m in a l, P hlla
2 6 L ib e r ty S t . N Y
O ffice 2 6 L ib e r t y , N Y
do
do
do
do
do
do
'1 7 G u a r a n ty T r u st C o, N Y
1 9 30
1 9 42
1 9 58
1 9 37
1948
C hom Blc, N Y , A Col Sp
N ew Y ork
S a fe D cp A T r C o, B alto
N e w Y o r k T r u st C o, N Y
1 ,7 8 6 ,2 0 0 See t e x t .
Q— M
S e p tlO 1911 2 % T reasu rer, C olu m b u s. O
5 0 0 ,0 0 0
5
J
A
J J u ly l 1 9 15
H an over N a t B a n k , N Y
5 0 0 ,0 0 0
J
A
J Jan 1 1914
4 )4
M u tu al N a t B a n k , B oston
F A A.
C LE V E LA N D & PITTSBURGH R R. — (See M a p Pennsylvania R R .) —
C le v e la n d , O ., to R o ch ester, P a ., 124 m iles; b ran ch es: B a y a r d , O ., to R o s
w ell, O . , 3 9 in .; Y e llo w Creek to B ellaire, 4 3 m .; tra ck age, R o ch ester to
P lt ts b . (P . F t . W . A C h ic .), 2 6 m .: other tra ck a g e, 2 3 m .: to ta l, 2 5 5 m iles.
L E A S E . — L eased for 9 9 9 years D e c . 1 1871 to P en n . R R . C o ., an d lease
transferred to P en n sy lv a n ia C o.
R e n t a l; d ivid en d s on sto c k . Interest on
b on d s an d organ ization ex p e n se s.
"S p e c ia l gu aran teed b ette rm en t s t o c k "
(su b ord in a te to the original sto ck as to d ivid en d s o n ly ), w ith d ivid en d s of
4 % gu ar, b y th e P en n . R R . , Is Issuable for lm p ts . V . 7 9 , p . 2 2 0 5 , 2 6 4 2 ;
V . 8 3 , p. 62 5; V . 8 5 , p . 1082; V . 87 , p . 81 2: V . 91 . n. 1446.
S toc k h old e rs
on J u n e 15 1911 au th orized Increase In stock from $ 2 2 ,0 0 0 ,0 0 0 to $ 4 0 ,0 0 0 ,
0 0 0 , th e new stock to b e a d d ition al 4 % gu ar, special b e tte r m e n t sto c k .
V . 9 2 , p . 1031, 1108.
B O N D S .— Generals are all eq u a lly secu red; g u a r a n ty , V . 5 6 , p . 6 0 4
E A R N I N G S . — In 1 9 1 0 , gross earnings, $ 1 1 ,6 9 6 ,7 1 8 ; n e t, $ 3 ,7 7 3 ,2 0 4 ;
profit to lessee, $ 1 , 6 5 9 , 1 1 0 — ( V . 9 1 , p . 14 4 6 ; V . 9 2 . .p 1 0 3 1 , 1 1 0 8 . 1 6 3 5 .)
C LE V E LA N D SHORT LINE R Y — A b elt line arou nd C lev e la n d , O .,
from a p oin t near W e s t P ark , 7 m iles w est o f C lev e la n d , c a s t, thence n o rth c a st to C o y in w o o d , 1 9 .0 5 m iles, to be c om p leted In 1 9 1 2 , o f w hich 9 .6 8 m iles
In o p eration In S e p t. 1 9 1 0 .
V . 91, p. 654.
S to c k , $ 7 ,3 7 5 ,0 0 0 : all ow n ed
b y L a k e S hore & M ic h . S o u t h .; p a r. $ 1 0 0 .
V . 8 6 , p . 167; V . 9 2 , p . 1031.
A m o r tg a g e for $ 2 0 ,0 0 0 ,0 0 0 h as been a u th o rize d ; present Issue to b e $ 7 ,
0 0 0 ,0 0 0 , $ 3 ,5 2 5 ,0 0 0 to be reserved to retire $ for $ 5 % c o n v e rtib le p ref.
s to c k ; rem aind er for fu tu re p u rp o ses.
V . 9 2 , p . 11 0 8 : 1 1 7 8 .
P r e s ., W . C .
B row n ; V . - P . , D . C . M o o n .— ( V . 9 2 . p . 1 0 3 1 . 1 1 0 8 , 1 1 7 8 : V . 9 3 p . 9 4 0 .)
to P h lla . & R e a d in g R y .
IV o l . L x m n i .
O R G A N I Z A T I O N .— T o o k o v e r o p er. J a n . 11 1 8 9 9 , per p lan V . 0 7 . p .
7 4 8 , o f U n ion P acific D e n ve r A G u lf an d D en ver L e a d v llle A G u n n iso n In D e c. 1 9 0 8 th e C hicago B u rlin gton A Q u in c y acqu ired $ 2 3 ,6 5 7 ,5 0 0 c o m .
sto ck (p ractica lly a con trollin g Interest) held b y E d w in H a w le y and asso
c ia te s.
V . 8 7 , p . 1 6 6 3 , 16 0 4 : V . 8 8 , p . 1 5 8 , 6 8 5 .
O w n s a large m a jo r ity of th e c o m . sto ck o f F o r t W o r t h A D e n v e r C ity
R y ., w hich see.
O w n s a beneficial Interest In o n e -h a lf stock o f C olorad o
M id la n d .
V . 70, p. 739.
C ontrols D e n ve r A In te ru rb an (E lectric) R y .,
w hich ow ns 21 m iles, an d op erates 31 m iles o f C ol. A S o u ., w hich h as been
electrified, u nder lease. V . 8 7 . p . 9 5 0 ; V . 8 9 , p . 9 3 4 .
D I V I D E N D S . 1 '0 0 . ’ 0 1 .
1st p r e fe r r e d .% )
2
3 )4
2d pref e r r e d .. % J . .
..
C o m m o n ______ % J . .
..
’ 0 2 . ’0 3 . '0 4 . '0 5 . ’0 6 . ’0 7 . ’0 8 . ’ 0 9 . '1 0 . 1 9 1 1 .
3 )4 4
2
0
4
4
4
4
4
4
. . . . . . . . . .
4
4
4
4
4
..
..
..
. . . . . .
2
2
2 ________
B O N D S .— 1st M . , see V . 6 8 , p . 1 0 2 7 : V . 7 7 , p . 2 1 5 8 : V . 8 7 , p . 4 1 1 , 11 6 0 .
T h e $ 1 0 0 ,0 0 0 ,0 0 0 refu n d in g bon d s o f 1 9 0 5 w ere m a d e Issuable as follow s:
F or refu n d in g bond s an d eq u ip m en t o b ligation s o f s y s t e m .............. $ 3 6 ,8 5 0 ,0 0 0
F or b ette rm en ts and Im p ro v e m e n ts, Including e q u ip m e n t, a t th e
c u m . yearly rate o f $ 5 0 0 per m ile o f op erated A c on trolled lines 1 5 ,0 0 0 ,0 0 0
F or reim bu rsem en t of th e treasury o f th e c o m p a n y , A c __________
2 ,5 0 0 ,0 0 0
F or acqu isition o f a d d ition al p rop e rty (Including proper p rovi
sion for th e c ost o f d o u b le -tra ck in g p arts of th e main l i n e s ) . . 4 5 .6 5 0 ,0 0 0
T h e refu nd ing b ond s are secured b y a first lien on all the bond s and prac
tica lly all th e sto ck o f the c o s .o w n in g ab o u t 6 2 2 m iles o f road , Including the
W ic h ita V a lle y lines an d th e T r in ity A B razo s V a lle y R y .; a lso , b y direct
lien, su b jec t to th e first m o rtg a g e , on a b o u t 1,041 m iles of road ow ned b y
th e C olorado A Sou th ern and on th e sto ck of su bsid iary c o s. w hose bon d s
are n ot pledged u nder th e m o r tg a g e , ow n ing 5 5 5 m iles of road , m ak in g
1 ,5 9 6 ad dition al m ile s ,o n w hich there are ou tsta n d in g $ 3 0 ,6 7 9 ,0 0 0 u nder
lyin g b on d s; to ta l thu s co v ere d , 2 ,2 1 8 m iles, on which th e to ta l ou tsta n d in g
fun d ed d e b t, Including these bon d s an d all prior Ileus, avera ged $ 2 6 ,5 6 5
per m ile.
V . 8 0 , p . 1791; V . 9 1 , p . 4 6 2 , 21 4; V . 9 3 , p. 1021.
In J a n . 1911 sold $ 1 ,4 0 0 ,0 0 0 r e f. b on d s to co m p lete gap s from P u e b lo ,
C o l., to W a lse n b u r g , a b o u t 5 6 m iles, and from W e llin g to n , C o l., to C h e y
enne, W y o . , 3 2 m iles.
V . 9 2 , p . 1 8 6 , 1 1 7 ; V . 9 2 . p. 3 9 4 .
E q u ip m e n t bond s of 1 9 07 m a tu re $ 5 1 ,0 0 0 s -a to A p ril 1 1 9 1 4 ; thereafter
$ 5 2 ,0 0 0 : V . 8 4 . p . 5 0 7 .
P u llm an C o . car tru sts Ju n e 3 0 19 1 1 , $ 1 2 0 ,8 9 8 .
E A R N I N G S .— In clu d in g F t . W o r t h A D e n . C ity and all a ffiliated lines:
2 M os. ended A ug. 3 1 .
Gross.
Net. Charges(Net). B a l., Sur.
1 9 1 1 ............................................$ 2 ,4 5 4 ,0 4 1
$ 8 9 3 ,7 9 9
$ 4 D .P 0
$ ' 3 LOO*
1 9 1 0 ............................................
2 ,8 2 6 ,8 9 5
8 8 2 ,4 5 3
5 0 6 ,2 1 8
3 7 6 ,2 3 6
R E P O R T .— R e p o rt for 19 1 0 -1 1 a t le n g th , sh ow in g operation s o f s y s te m .
Including th e F t . W o r th A D e n v e r C ity and C o l. S p r . A C rip. Cr. D Ist. I t y ..
D enver A In teru rb an R R . , C olorad o R R . . F t . W . A D c n v . T e r m . R y . and
W ic h ita V a lle y lines, w as In V . 9 3 , p . 1 1 0 1 . 1 1 1 9 . C om parisons w ith 1 9 "-8-0S
Inaccurate.
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
A v e r a g e m ile s_____________________________
2 ,0 ) 8
2 ,0 4 2
1 ,9 8 #
T o ta l op eratin g rev e n u es________________ $ 1 5 ,8 2 4 ,0 6 4 $ 1 0 ,7 7 7 ,9 8 1 $ 1 5 ,0 8 0 ,4 1 2
O p eratin g e x p e n s e s ..______ _____________ 1 0 ,3 3 4 ,1 1 1
1 0 ,8 6 3 ,4 .5 5 1 0 ,2 2 5 ,0 8 7
O p eratin g Incom e (over t a x e s )_________
4 ,9 7 8 ,3 4 6
5 ,4 1 4 ,3 3 3
4 ,4 5 3 ,6 8 8
T o ta l net In c o m e___ _________
$ 5 ,6 2 3 ,5 6 0
In t. on b o n d s, e q u ip , o b llg ’ n s, A c ______ $ 3 ,3 2 4 ,9 7 4
D ivid end first p ref. sto ck ( 4 % ) ............3 4 0 ,0 0 0
3 4 0 .0 0 0
D ivid end second p ref. sto ck ( 4 % ) ____
D ivid en d c o m m o n stock ( 2 % ) _________
6 2 0 ,0 0 0
O n e-h a lf d e f. T r ln . A B r a z. V a l ..............
4 8 2 ,5 9 8
$ 0 .0 4 1 ,” 6 8
$ 3 ,0 0 ,3 2 5
3 4 0 ,0 0 0
3 1 0 ,0 0 0
6 2 0 ,0 0 0
4 6 6 ,7 1 8
$ 4 ,9 2 0 ,3 8 6
$ 2 ,7 2 1 ,5 2 6
3 4 0 ,0 0 0
3 4 0 ,0 0 0
6 2 0 .0 0 0
4 5 1 ,0 1 2
B a la n ce , surplus for y e a r _____________
$ 5 1 5 ,9 9 4
$ 1 ,1 8 4 ,9 1 5
$ 4 4 7 ,8 4 7
O F F I C E R S .— C h airm an , G eorge B . H a rris; P r e s., D ariu s M iller; V . - P . ;
A . D . P arker; D en ve r, C o lo .; S e c . and T r e a s ., B . F . J a m e s, D e n v e r, C o lo .,
A s s t. S ec . and A s s t. T r e a s ., L . E . K a tz e n b a c h , 2 6 L ib e r ty S t ., N . Y .
Now
directors 1 9 0 9 . V . 8 8 , p . 5 6 3 ; V . 8 9 . p . 1 3 4 7 .— ( V . 9 3 , p . 2 8 3 , 1 0 2 1 , 1 1 0 0 ,
1 1 1 9 .)
C O L O R A D O S P R IN G S & C R I P P L E C R E E K D I S T R IC T R Y . — C olorado
S prings to C ripple C reek, C o l., 4 7 m .; b ra n c h , C am eron to V ic to r , 5 in .;
other branches and sp u rs, 2 2 m .; to ta l, 7 5 m .; o f w hich 5 7 m . s te a m , 16 m .
steam an d electric and 2 m . so le ly elec tric .
In J a n . 1 9 05 C olorado A
S outhern acquired all th e sto ck e x ce p t $ 9 0 0 c o m .
V . 8 0 , p. 4 7 2 , 1 1 1 1 , 14 2 3 .
S to c k , all o u tsta n d in g , c o m ., S I , 2 0 0 ,0 0 0 ; p r e f., 5 % n o n -c u m ., $800,0 01 ).
Par o f sh ares, $ 1 0 0 e a ch .
D Iv . 5 % on p r e f., paid F e b . 19 0 7 , J un e 1 9 0 8 and
N o v . 1 1909.
O n c o m ., 2 % , S e p t. 1 9 0 8 .
S in k in g fun d can retire first m tge.
bond s ye arly a t 110 for first 15 ye ars, then a t 1 0 7 14 for 5 ye a rs, then 10 5 for
n ex t 5 years. 1021 4 for 3 ye ars, th ereafter a t p a r.
V . 76. p. 345.
E A R N I N G S .— 12 m o s ., ( 1 9 1 0 -1 1 __________ G ross, $ 6 8 7 ,1 5 1 ; n e t. $ 2 4 5 ,6 5 6
Ju ly 1 to June 3 0 .
1 1 9 0 9 - 1 0 . ................ G ross.
7 0 0 ,2 2 0 ; n e t,
2 1 0 ,5 9 4
P r e s.. A . D . P a rk er.— ( V . 8 1 . p . 7 2 5 ; V . 8 7 , p . 7 4 0 : V . 8 8 , p . 8 2 2 .)
C O L U M B I A N E W B E R R Y & L A U R E N S R R .— C olu m b ia to L a u ren s,
S . C ., 7 5 m .
S to c k , $ 5 0 0 ,0 0 0 .
B on d s w ere 6 s , b ut re-lssued as 3s in 1 9 0 0 ,
In com e certificates to a m o u n t o f 4 0 % o f b on d s being Issued.
Y e a r ending Jun e 3 0 19 1 0 . gross, $ 2 8 0 ,3 4 8 ; n e t, $ 7 1 ,0 2 4 ; In t., ta x e s, A c .,
$ 5 1 ,5 7 5 ; Im p ro v e m e n ts, $ 1 2 ,9 6 6 ; b a l., s u r ., $ 6 ,4 8 3 .
In 1 9 0 8 -0 9 , gross.
$ 2 7 9 ,2 3 1 ; n et, $ 5 3 ,8 6 0 .
In 1 9 0 7 -0 8 . gross, $ 2 8 2 ,5 8 1 ; n et, $ 5 8 ,0 2 5 : charges,
$ 5 6 ,1 3 2 : b a l.. s u r .. $ 2 ,7 9 3 .
P r e s., W . G . C hilds. C o lu m b ia , S . C .
E A R N I N G S .— 12 m o s ., ( 1 9 1 0 - 1 1 - - ..............G ro ss, $ 3 5 4 ,5 1 1 ; n e t . $ 1 2 5 ,9 4 1
Ju ly 1 to Jun e 3 0 .
1 1 9 0 9 -1 0 __________ G ross,
2 8 3 ,4 3 8 ; n e t,
7 0 ,9 7 *
C O L U M B U S & S O U T H E R N R Y . — W y a n d o t t e , O ., a t a conn ection w ith
th e P en n a. R R . , to S ou th B loom tn gvtlle, 2 2 .8 2 m iles
S to c k , $ 2 0 0 ,0 0 0 .
B o n d s, $ 2 0 0 ,0 0 0 1st m tg e . gold 5s d a te d 1 9 0 2 , In t. M . A N . a t B o sto n
S a fe D ep . A T r . C o.
O w n ed O c t. 1 9 1 0 b y G e o . B . W ilb u r , B o sto n , M a ss,
b u t In J u lv 1911 an E astern sy n d ic a te , It w as rep orted , had an op tion on
road .
For y e a r en d . Jun e 3 0 1 9 1 1 , gross, $ 1 5 ,0 0 7 ; o p . d c f. after ta x e s,
$ 1 ,7 5 7 .— ( V . 9 3 , p . 2 2 9 .)
C O L U M B U S & X E N I A R R .— O w n s from C o lu m b u s, O . , to X e n ia , O .,
5 5 m iles.
O p erated as a division o f th e L ittle M ia m i, and Is leased for 99
years from D e c. 1 8 6 9 , In con n ection w ith th a t ro a d , to th e P ittsb u rgh Cin
cinn ati C hicago A S t . L o u is, w hich p ays 8 % on sto c k .
T h e lease Is g u ar-
G ot., 1911.J
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first pane)
STOCKS AN D
Miles Dale
Road Bonds
Par
Value
A mount 1
Outstanding
BONDS.
Rate
/O
When
Payable
43
Last Dividend iPlaces Where Interest and
and Maturity | Dividends are Payable
Concord & Alontreal—Stock Class I (13 C A M prcf) _
$100
$800,000
7
Q—J Oct 1 1911 1 MChecks mailed
Stock Class II (11 C A M new)________________
___
100
540,400
7
do
Q— J Oct 11911 1 %
Stock Class I I I (B C A M old stook)__________
__ ___
100
459,600
7
Q—J Oct 1 1911 in
do
Stock Class IV (Concord) (text)_____I I I I I I
___
100 6,057,600
7
Oct 1 1911 m
do
Concord & Montreal cons M for $5,506,000 ’ BB.c*
1,000 5,500,000
262 1890
4
J A D June 1 1920
Safe Dep A Tr Co, Boston
Debenture bonds $1,150,000 currency__________ c*
1,000 1,050,000 3H A 4 J A D June 1 1920
'97-99
Boston S D A Tr, Boston
do
do
$500,000 Interest guaranteed
__ 1900
1,000
473,000
J A D June 1 1920
do
do
3 H
Concord & Portsmouth—Stock 7% rental 99 years
100
350,000
40 A ___
J A J July 1911 3A% Manchester, N II
7
Conn & Passmnpsic— Pref stock 6% rental 99 yrs c*
100 2,500,000
F A A Aug 1 1911 3% Safe Dep A Tr Co,Boston
6
First mortgage $1,900,000 gold_..................
c*
1,000 1,900,000
110 1893
4 g A A O Apr 11943
Safe Dep A Tr Co, Boston
Massawlppl stock guar same dlv as Conn & Passump
100
400,000
37
6
F
do
do
Aug 1911 3%
Newport & Rlchford 1st M gold guar by C A P __c*
1,000
350,000
21 1911
5 g J A J Jan 1 1941
do
do
Connecticut River— Stock $3,670,300 authorized
100 3,233,300
80
10
J A J July 1 1911 5% Boston, Mass
Bonds not mortgage for $1,000,000 gold..
c
1,000 1,000,000
1893
M A S Sept 1 1943
4g
do
Bonds not mortgage__________________________
1,000
290,000
1901
3 A J A J Jan 1 1921
do
do
do
______________________ H I
1,000
969,000
1903
3A
J A J Jan 1 1923
do
Conn (Phila)— Phlla G & Ch II 1st M guar b y P e n n 'r
1,000 1.000,000
7i 1883
Broad St Station, Phlla
4A M A N May 1 1913
First mortgage $15,000,000____________________(jp
1,000 2,059,000
4 g M 15A S Mch 15 1951
37 1011
do
do
Connellsvillc & Monong— 1st M g s f red par.. UPi cxAr
844,000
1,000
M A S Sept 1 1930
4g
1905
Coopcrstown & Susq Vail— 1st M $200,000 lnt guar
100 Ac
200,000
M A N May 1 1918
5
Nat Bk Cooperst’n N Y
19 A 1888
Copper Range— First mortgage gold (sec text)_____ Text
500 Ac 2,280,000
5 g A A O Oct 1 1949
1890
Boston, Mass
Copper River & Northwestern— 1st M $50,000.000Sc*
1,000 See text
F A A Feb 1 1959
5g
1900
J P Morgan A Co, N Y
Cornwall & Lebanon— Stock_______ ________
50
800,000 10 lnl911 Semi-an. Aug 1 1911 5% Co’s Office, Lebanon, Pa
26
First M extended at 4% In 1906 (V 82 p 1322)____r
100 Ac
764,900
4
A A O Apr 1 1921
26 1891
do
do
Council City & Solomon River RR— 1st M $350,6o6 g
1,000
347,000
6 g M A N May 1 1911
35 1908
In default
Cripple Creek Central— Common stock_____
._
100 2,500,000 See text Q — J 25 Oct 21 1907 1 A Checks mailed
Preferred stock 4% non-cumulative________
"
_
__
100 3,000,000 4 In 1910 Quar. Sept 1 1911 1%
do
Midland Term first mtge gold sinking fund
_ F~<3*
1,000
380,000
5 g J A D Deo 1 1925
41 1805
Farmers’ L A T Go, N Y
Cuba [Eastern— See Guantanamo A Western
Cuba RR— Common stock $10,000.000..
100 6,126,000
Preferred stock 6% non-cumulative $10,660,666”
100 10,000,000 See text F A A Aug 1 1911 2A Checks mailed
First mtge gold $20,000 per mile......... O .xc'Ar*
5 g J A J July 1 1952
602 1902 1,000 Ac 12,030,000
Royal Bk of Can, N Y
Impt A equip M g $12,000 per m.............
Nxo*
500 Ac See text
M A N May 1 1960
1910
5g
do
do
Cumberland Corporation— Coll trust gold notes______
1,000 15,000,000
5 g J A D15 June 15 1912
1906
New York Tr Co, N Y
Cumberland & Pennsylvania— First mtge gold guar
1,000
996.000
M A N May 1 1921
1891
5 g
57
Guaranty Trust Co., N Y
Somerset Coal car tr assum $76,000 yrly
FBa
1,000
608,000
J A D Dec 1911-1918 Fidelity Trust Co, Balt
1906
5
Cumberland RR— 1st M $3,000,000 gold....................
1,000 1,028,000
1 A D June
8.4 1908
5g
1 1958
Standard Trust Co, N Y
Dayton Leb & Cin RR & Term— First M g red (text). .
1,000 NoneSep’ 10
29 1907
5 g J A D June 1 1922
Cleveland, O
anteed by Pennsylvania RR. Co. Dividends 2-5% per annum, from assets, D IV l’94. ’95. ’96. ’97. ’98. ’99. '00. ’01. ’02 t o ’06. ’07. '08. ’09. ’ 10. 1911
were discontinued In 1901.— (V. 72, p. 532.)
P.C./ 2
4
4
3
4 414 5 5 A 6 yearly 8
7
8 10 10
In 1910-11, gross, $326,635; net, $72,301; other Income, $37,972; lnt. ami
COMBINATION BRIDOF (SIOUX CITY. IA.).— Owns steel bridge 1,940
feet long over Missouri River, with approaches, 1 mile, used by railroads taxes, $44,778; dlv. (10% ), $64,000; bal., sur., $1,495. Also (2% ), $16,000
and street oars as a highway. Stock, $1,500,000. Mtge. trustee, Union paid from accumulated surplus.— (V. 89, p. 224.)
Trust Co., Indianapolis, Ind. Pres., Jos. C. Head, Latrobe, Pa.: Sec., F.
"COTTON BELT.” — Common name for 81. Lbuls Southwestern R y.
L. Eaton, Sioux City, l a — (V. 78. p. 102. 286.)
C RI P P L E C RE E K CENT RAL R Y . — Divide, Col., to Cripple Creek and
CONCORD & AlONTREAL RR.— From Nashua, N. II., via Concord, Florence, Ac., 76 m.; Victor to Vista Grand, 6 m.; branches and spurs to
Plymouth, Ac.. to Grovcton and the White Mountains, 450 miles In all, mines, Ac., 45 m.; total, 127 m., of which 47 m. standard gauge Controls
Including Manchester A Keene, 30 m.; owned Jointly, 414 m.: 35 m. double Midland Terminal Ry., Florence A Cripple Creek RR., Golden Circle RR..
track. Owns Concord Street Ry.. 11 m.; also e'ectrlc branch from Concord Canon City A Cripple Creek RR., Colorado Trading A Transfer Co. See
to Manchester, N. H., 17 miles, and Nashua A Acton RR., 20 miles.
V. 69, p. 851, 1011, 1103: V. 72, p. 984: V. 74. p. 880; V. 77, p 1542.
On June 29 1895 leased to Boston & Maine for 91 years at rental of 7%
Reorganization (per plan in V.78,p. 2018; V. 77, p. 1542,) of the Denver
per annum on all stock. In April 1911 Bos. A Me. obtained authority to A Southwestern, foreclosed Oct. 4 1904. V. 79, p. 1461.
purchase stock. V. 92, p. 1108. On Jan. 5 1910 $250,000 stock was sold to
STOCKS AND BONDS.— Com. stock, $2,500 000: 4% non-cum. prefdevelop water power. V. 89, p. 992; V. 90, p. 54. Shareholders on Oct. 10
stock. $3,000,000; par of shares, $100. V. 82, p. 1156; V. 85, p. 1209.
1911 authorized $400,000 add’l stock for improv’ts.— (V. 93, p. 1021.)
D IV ID E N D S — On pref., 3% paid July 20 1905; Oct. 25 1905, 1%
CONCORD & PORTSMOUTH R R — Owns Portsmouth, N. II., to Man
chester, N. 11., 40H m. Leased to Concord RR. in 1862 for 99 years; rental (quar.); Jan. 1906 to Oct. 1907. 4% yearly (1% Q.-J.); 1908, Sent. 1, 3%
f° r,? mos. ending June 30 1908: Dec., 1%, 1909 and 1910, 4% (1% Q.-M.):
$25,000: 7% on stock and org. exp. Operated by Boston & Alaine.
Jonn’
} %i oVJ10’ J%: StePt., 1%. On com., Oct. 25 1905, 3%; In
CONNECTICUT & PASSUMPSIC RIVERS RR — White River Jet., Vt., 1906,
7)4%, Incl. 2% extra; 1907, 6% (Q-J.); none since to Oct. 1911.
to Canada Line, 110 m.; leases 999 years Massawlppl Valley, 37 miles.
Owns nearly all the stock ($350,000) of the Newport A Rlchford RR., ohR1? r O R T'— Rep,ort for year ending June 30 1911 was in V. 93, p. 1018,
Newport, Vt.. to Canadian line, 21 miles, operated under lease by Montreal showing &r°ss carufnp of roads controlled, $044,i58; net Income of roads
£nnr^ji3’ $95,046; total net Income of parent co. above all expenses,
& Atlantic Ry. (Can. Pac. system), and guarantees its $350,000 1st 30-ycar
$206,709; dlv. on pref. stock (4%), $120,000; total surplus June 30 1911.
5% bonds dated Jan. 1 1911. V. 91, p. 946
LEASE.— From Jan. 1 1887 leased to the Boston & Lowell for 99 years Incl surplus of previous years, $294,414. Pres., Henry M. Blackmer;
on a basis to pay C. A P. stock 5% till Jan. 1897 and 6% thereafter. In V.-P LorenzoSempie; See. A Treas., John Gorlow. Office. I l l Broad
way, N. Y.— (V. 89. p. 847, 1409; V. 91, p. 1157; V. 93, p. 1018.)
April 1911 B. & M. received authority to purchase stock. V. 92, p. 110S.
SECURITIES.— Massawlppl stock receives same dividends as stock of
CRY ST A L CITY & UVA LD E R R. — Owns Uvalde, Tex., south to Carrizo
leasee and $400,000 of It (not Included In the amount outstanding) Is pledged Springs,
53 miles, completed April 1910; Crystal City to Gardcndale, 41 in ,
as part security for 4s of 1893. Of the $2,500,000 prcf., $500,000, as also opened Dec.
Extension from Gardendale to Fowlertown, 12
$50,000 Massawlppl Valley Ry. stock, was purchased Feb. 1 1910 by the completed In1910.
Oct. 1911, to be continued eventually to Aransas Pass, about
Vermont Valley, under Its option, at par.— (V. 57, p. 1040.)
i
50,?1
,,L
cs'
Incorporated
In April 1909. Stock authorized, $125,000. In
CONNECTICUT RIVER RR.—Owns from Springfield, Mass., to Keene, April 1910 applied for permission
to issue bonds at $15,000 per mile. V. 90.
N. H., 74 m.; Bellows Falls to Brattleboro, Vt., 24 m.; branches, 6 m.; total, P- 447. Details of securities not available Oct. 1911. Pres., J. a . Frank
104 m., of which 50 double-track.
Controls Sullivan Co. RR., Bellows lin; V.-P. and Gen. Mgr., A. R. Ponder; Sec., Carl F. Groos. Offtae, Crystal
Falls to Windsor, Vt., 26 miles. V. 80, p. 1478: V. 81, p. 899, 1723. In City, Tex.— (V. 90, p. 447.)
.
April 1911 B. & M. received authority to purchase stook. V. 92, p. 1108.
COUNCIL COUNTY & SOLOMON RI VE R R R .— See page 175.
LEASE.— Leased for 99 years from Jan. 1 1893 to the Boston & Maine,
CUBA
RR.—
Owns
from
Santa
Clara,
Cuba,
to
Santiago
de
Cuba, 35«
annual rental (as amended Oct. 10 1895) being 10% per annum on capital
stock, payable directly to stockholders: also Interest on bonds and scrip and miles: branches. Zaza Jet. to SanctI Splrltus, 8 miles; Alto Cedro to the Bay
$2,000 for organization expenses. Lessee pays all taxes, operating ex of Nlpe, 31 m.; Ponupo branch, 11 in.; Jatibonlco branch, 11 y m.; Holguin
penses, Ac., but lessor to Issue Its stock or bonds for permanent Improve branch, 11 in.; Manzanillo branch, 3214 m.; Bayamo extension, 141 m.;
total, 602 miles. See V. 75. p. 1157, 1347. Govt, loan $128,931 June 30
ments.— (V. 81, p. 899, 974, 1723: V. 83, p. 625: V. 87, p. 414.)
I . . > any balance not repaid by Government transportation service to be
CONNECTING RY. (PHILADELPHIA),— Owns from Girard Avc. to jjaid^Dec.
15_1916 without lnt. V. 83, p. 1093; V. 88, p. 944; V. 91, p. 1253;
Frankfort Jet., Phlla., 6 m.; North Phila. to Chestnut II1II, 7 m.; branches
Ac., 23 m.: total, 36 m. V. 73, p. 390. Stock authorized, $5,800,000; out
’Flrstdlv. on pref., 1 J4%. paid Aug. 2 1909; 1910, Feb., 1 A i ; Aug., 2%;
standing, $3,613,650: all owned by Pennsylvania RR., which operates 1911,-Feb., 2%; Aug., 2J4%- 1st M. bonds, appllc. to list, V. 86, p. 924:
road under lease, assigned to that co. by Phlla. & Trenton RR., terminating V. 88, p. 451; V. 89, p. 162; V. 91, p. 38. 1253. Stockholders on June 27
Feb. 18 2862. Dividends 4% yearly (J. & D.).
In 1911 marie a 1910 authorized a mtge. to secure 5% Improvement and equipment bonds
new first mortgage for $15,000,000, of which $2,059,000 were exchanged for not
exceeding $12,000 per mile (excluding sidings) owned; In Aug. 1910
the outstanding $2,059,000 3H % bonds and $1.000,000 are reserved for the $3,300,000 were deposited as collateral for $2,000,000 2-ycar 6% notes due
4'A% bonds due May 1 1913. V. 93, p. 229, 730.— (V. 93, p. 229, 730.)
Aug. 15 1912. Bonds arc also issuable in franes. V. 91, p. 588, 1263.
CONNELLSVILLE & MONONGAHELA R Y — Owns Moser Run Jet. to
EARNINGS.— For 2 months ending Aug. 31:
Brownsville, Pa., and Low Jet. to Low Plios, Pa., 15.68 miles: branches and
Gross.
Net.
Charges.
Balance.
spurs, 5.22 m.; total track, about 30 m (connecting Penn, with Mononga- 1911..................... $520,452
$229,788
$120,250
$109,538
hcla Ily.). Insorporatcd In Penn. Mch. 11 1905. Leased to Penn. RR.
202,923
73,333
129.590
until Jan. 1946 at rental equal to 4% on cost of road, taxes, operating and 1910..................... 440,310
REPORT for year ending June 30 1911 was in V. 93. p. 727, showing:
maintenance charges, rental being more than sufficient to pay interest
charges and retire principal of bonds through sink, fund at or before ma Gross earalngs, $3,059,650; net over taxes, $1,374,071; Interest on bonds.
turity. Sink, fil., $25,000 yrly., to call bonds In numerical order, but to Ac., $576,75o; nref. dlv. (4%), $400,000; bal., sur., $397,316. In 1909-10,
be kept alive. V. 93, p. 407. Stock, $700,000. Controlled by or In inter gross, $2,559,336.
Pres., Sir William C. Van Horne; V.-P. and Mgr., Domingo A. Galdos;
est of U. H. Steel Corporation. Pres., Thomas Lynch; Sec. and Treas..
’ .-I ., Geo. H. Whigham; Sec., Herbert C. Lakin; Treas., Stephen II. VoorC. P. Parker.— (V. 93, p. 407.)
hc??;
n? ftlceI ^ iY ° rRl?9lllc''y St., Jersey City. N. J.; 170 Broadway, N. Y .
COOPERSTOWN & CHARLOTTE VALLEY RR.— (See Map Del. &
Hud.).— Owns Charlotte Crossing to Davenport Centre, 4.51 in.; leases for — (V. 91, p. 588, 1253; V. 92, p. 1032, 1635; V. 93, p. 407, 727.)
99 years from Jan. 1 1889, Coopcrstown & Susq. Valley RR., Cooperstown
CUM BERLAND C OR PO R A TI O N — ORGANIZATION.— A holding co.
to Charlotte Crossing, with branoh to Cooperstown Jet., 19.48 m guaran owning
<$10,000,000) of the Cllnchftcld Coal Corporation (V. 80.
teeing Interest on the latter's $200,000 5% bonds. Year ending June 30 p. 2346, 2222, 224), which owns about 285,000 acres of coal lands in Vir
1911: gross, $63,953: net income. $21,324; charges. $14,397: bal., sur $6- ginia, stock of the Carolina Cllnchftcld A Ohio Ry. and a block of the Sea
927. Stook, $45,000, acquired July 1903 by Del. A Hud.— (V. 77, p! 88.) board Co. stock (see the two companies last named in this Section.)
COPPER RANGE RR.— Calumet, Mich., to Mass City, with branches- _ Stock, common $25,000,000; 6% pref., $15,000,000, all paid In. In
total, 82 m.; sidetracks, 33 m. Stock, $4,244,300, of which $1 639 200 July 1900 sold $15,000,000 notes secured by stock of the Carolina Clinch held
owned by Copper Range Consolidated (Mining) Co. Bonds limited to & Ohio, Cllnchneld Coal Corporation and Seaboard Co. (see table above)
$20,000 per mile of main line and branches and $15,000 per mile of sldlmrs — (V. 88. p. 944.)
Of the $2,280,000 bonds outstanding, $870,000 were In Jan. 1911 held In
CUMBE RL AND & PE NNSYLVANIA R R .— owns from Cumberland.
the treasury of the Copper Range Consolidated Co. V. 78 n 228
nivi
Md., to Piedmont, W. Va.. and several branches, 57 miles. Owned and op
dend, 10%, paid Nov. 1909 from accumulated surplus.
• •
•
- erated by Consolidation Coal Co., which guarantees by endorsement the
EARNINGS.— 12 mos., /1910-11.........Gross, $698,582: net $212 220 first mortgage. V. 52, p. 390- Stock, $1,500,000; par, $100. On Dee. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies
July 1 to June 30.
11909-10......... Gross! 747,86(1 net 307 952
Cal. year 1910, gross, $721,127; net, $242,253; lnt. and taxes’ $167 086' assuming the car trusts issued thereon, viz., $836,000 of Somerset Co. (sec
bat., sur., $75,168. In 1909, gross, $754,294; net, $321,418
Pres Wil table above) and $45,000 additional, which matured In series to Mav 1909
liam A. Paine; Sec. and Treas., Fred. Stanwood, Boston.__(V 78 p ’ 228 ) V. 85, n. 1401. For year ending June 30 1911, gross, $945,336: net $2.55 024. In 1909-10, gross, $897,857, against $772,380 in 1908-09; net, $284!COPPER RIVER & NORTHWESTERN RY,— Owns from Cordova,
against $199,598; other Income, $123,723: lnt. taxes Ac S14‘{
Alaska, on tidewater, through the Copper River Valley to Connerflelds near 769,
’
’
the Chltlna Rtver, 197 miles. Understood to be controlled by J P Morgan A dlvs., $269,290; bal., def., $4,061.— (V. 85. p. 1401.)
CUM BERLAND R A I L W A Y & COAL CO. — Owns road from Springhlll
Co. and the American Smelting A Refining Co. Interests. Stock authorized
•Jot.
Springhlll
Coal
Mines,
N.
S.,
and
Parrsboro
on
the
Bay
of
Fandy,
$5,000,000; par of shares, $100. In August 1909 filed a mortgage to secure
an Issue of $50,000,000 5 % 50-year bonds. None of the bonds outstanding 32 miles; also coal acres, timber lands, Ac. The Dominion Steel Corpora
tion late in 1910 arranged to acquire the $1,000,000 stock, which Is to be
In the hands of the public In Oct. 1911. V. 89, p. 410.
Pres., S. W. Eccles; Vlcc-Pres., W. P. Hamilton; Treas., E. S. Pegram- exchanged for $600,000 Dominion Steel common stock, and the $979,000
0 % bonds for 5 % bonds guaranteed by the Steel Corporation. V. 91, p.1629,
Sec., W. E. Bennett. Office, 165 B’way.— (V. 92, p. 394, 881.)
1766; V. 92, P. 1435. Stockholders on Feb. 15 1911 authorized the making
ODJRNWALL & LEBANON RR.— Owns Lebanon, Pa., to Concwago, ot 'jnew
•990.000 mtge., to provide for present and future requirements.
branches. 4.78 m. In 1901 the Pennsylvania Steel Co. acquired V. 92, p. 186. Operated under lease by Dominion Coal Co. For year ending
$540,000 stock: remainder mostly owned by Lackawanna Steel Co.
June 30 1910. gross, $48,937: net, $6,734.— (V. 92, p. 186, 1435.
44
R A IL W A Y
R A I Lit OAI) CO M PA NIES
[For abbreviations, &c., see notes on first pace]
STOCKS AN D
Miles Date
Road Bonds
Amount
Outstanding
Par
Value
$50
1871
Dayton & Michigan— Coni stock (3 14% guar C II A D)
50
1871
Preferred (8% guaranteed C II & D) endorsed___
1,000
142 1881
1st M gu pA i end ext In 1911 red 102 14 beg 1917-C
1,000
1S99
Dayton Union Ry— First mtge sink fund call at par.E
25
245
Delaware— Stock 8% guaranteed__________________
1,000
113 1892
General mortgage gold............................... -FP.o
1,000
54 1882
Delaware A Chesapeake 1st M assumed currency..
100
Delaware & Bound Brook—Stock 8% gu Phlla A Head
1,000
'31 1905
First consol M 51,800.000 guaranteed__ PcP.c’ Ar
100
Delaware & Hudson— Stock $55,711,500 (text) —
1877 1,000 Ac
First M on Pennsylvania Dlv ($10,000,000)-Un.cAr
100 Ac
1874
Schenectady A Duaaesburg first mortgage_____
1,000
1892
Adirondack 1st M gold guar p & I end___ lls.c’ &r
1908 1,000 Ac
1st Aref M $50,000,000 g s f red 107 14 bcg'18-xc* Ar*
1,000
1900
Debentures S14,000,000 gold conv (see tcxt)_.c*A r
1900
10,000
Debentures $2,500,000 $200,000 annually Jan 1—
1,000
1907
Equip 1st lien bonds $10,000,000 g s f-.Usm .xc* Ar
Guaranteed Securities—
’01-’02
1,000
Hudson Coal Co deb guar p fc I end part due yearly
1890
1,000
Bluff Point Land Improvement Co 1st M g gu..c*
1,000
1902
Chat Ore A I refunding mtge call 105______N.c’ Ar
Albany A Susquehanna R R ; N Y & Canada ItR ; Ch ateaug ay A L ake P l a c i
50
Delaware Lackawanna & Western— Stock$30,277,000
’80-’80| 100 Ac
Bangor fc Portland mortgages gold..................
CUMBERLAND RR.— Owns Artemus to Warren, Ky., 8.4 miles; exten
sion under construction from Warren to Jcllico, Ky., about 20.G miles. In
corporated In Kentucky in Oct. 1902. Stock authorized, $100,000; out
standing, $20,099: par, $100. Bonds ($3,000,000 authorized Issue) out
standing June 30 1911, $1,028,000. Year ending June 30 1911, gross, $30,
527; net, $0,473: taxes, $300. Pres., C. W. Stone; V.-P., L. It. Freeman;
Sec., R. W. Stone; Treas., A. J. Hazeltlne, all of Warren, Pa. Office.
Artemus, Ky.
CUMBERLAND VALLEY RR.— See Pennsylvania RR.
DAYTON LEBANON & CINCINNATI RAILROAD & TERMINAL CO.
— Owns from Lebanon. O., to Lebanon, Jet., 23 m.; Hempstead to Dayton
Union Station, 0 m.,where terminal property is owned: opened May 1910.
Has traffic arrangements with electric lines from Lebanon Jet. to Dayton,
7 rn., and from Lebanon to Cincinnati for passenger traffic. Stock. $1,000,
000. Bonds auth., $300,000 (none sold July 1911); are sub.1. to call June 1
1917 at 105: Cleveland Trust Co., trustee. V. 85. p. 1518. For year ending
June 30 1911, gross, $02,170; net, $8,317; taxes, $3,005. In 1909-10,
gross, $43,571: op. dcf., $2,001; other income. $1,002; deductions, $7,148;
bal., dcf., $8,807. Pres., M. L. Sternberger, Jackson, O.; V.-P. and Treas.,
Frank Brandon, Lebanon, O.; Sec., H. S. Willard, Wcllston, O.— V. 88,
P. 374.)
^
DAYTON & MICHIGAN RR.— Owns Dayton, O.. to Toledo June.. O..
141.82 m.; trackage Into Toledo, 0.92 m.
Leased May 1 1803 In perpetuity
to CIu. Ham. & Dayton. Lease modified June 23 1870. Rental is mainte
nance^)! organization, Int. on bonds and 8% on pref. stock and
on
com. Guaranty on pref. is secured by mtge. of 1871, but the pref. carries
no voting power. V. 56, p. 813. Mtge. of 1850 Is held alive under mtge. of
1881. C. ft. & D. reserved notes of 1908 to retire bonds. Bonds (formerly
5s) extended 1911 at 4 H% . V. 91, p. 1440; V. 92, p. 118.— (V. 92, p. 526).
DAYTON & UNION RR.— Owns from Dodson, O., to Union City, Ind..
.32 miles; leases Dayton to Dodson. 15 miles; total operated, 47 miles.
The Clove. Cln. Chic. A St. Louis and Cin. Ham. fc Dayton Jointly own the
$80,300 stock. The $225,000 7% bonds were paid oil at maturity Dec. 1
1909 from proceeds of sinking fund. V. 89, p. 1347. Year ending June 30
1911. gross, $148,453; net, $33,306. In 1909-10, gross, $102,550; net,
$33,344; other income, $4,891; charges. $26,902; bal., sur., $11,333.— (V.
89, p. 1347.)
DAYTON UNION RY.— Union depot at Dayton, O. Used by Pitts.
CIn.’ ChIc. fc St. L., Clev. Cin. Chic, fc St. L., Cin. Ham. fc Dayton, Dayton
fc Union RR. and Eric RR.. under lease which provides that nterest on
bonds and other expenses be divided between them on train basis. Stock,
$321,000, all com. Pres., W. C. Brown. New York: Sec., W. F. Stark,
Dayton, O. Office, Cincinnati, O.— (V. 73, p. 1312.)
DELAWARE RR.— (Sec Maps Pennsylvania RR.)— Shcllpot Crossing,
Del., to Delmar, Md., 95.20 miles; branches, Centrcvllle. Md., to Townsend,
Del., 34.98 m.; Clayton. Del., to Oxford, Md., 54.27 m.; Seaford, Del., to
Cambridge. Md., 32.96 m.: Masseys. Del., to Chestertown, Md., 20.52 m.;
other branches, 7.22 m.; total. 245.15 miles. V. 07, p. 1356.
Leased to Philadelphia Baltimore fc Washington (which owns S2.829,007
of the stock) for 99 years from Mch. 1 1910 at a guaranteed rental of 8% on
the stock, a special stock dividend of 70% being paid Feb. 28 1910; also a
special cash dividend of 20% and an extra cash dividend of 5%.
Dlvs. prior to lease. 1S98 to July ’00. 0% y'ly; ’07. 8%: '08. 8%: '00. 8%:
'10. Jan., 4%; July. 4%. In year end. Dec. 31 1910, gross, $3,347,339;
net, $779,048: rental, $338,990; other income, $52,572; charges, $00,103;
divs.. $338,551: bal., sur., $31, 908.— (V.90.p. 913, 1554.)
DELAWARE & BOUND BROOK RR.—Owns from Bound Brook (Cen
tral of N. J.) to Delaware River, 27 miles; branch to Trenton, 3.79 m.;
second track. 27.02 m.: third track, 9.02 m.; East Trenton R R., 2.97 m.;
all track. 88.17 m. Incorp. In New Jersey May >12 1874. In May 1879
leased for 990 years to Phlla. fc Reading R11. Rental. $213,000, paying
1nt. and 8% on stock; lease assumed by P. fc II. Ry. (V. 81, p. 210).
DELAWARE & EASTERN RY.— See Delaware & Northern RR. below.
DELAWARE & HUDSON CO.— (See Map.)— Operates railroad lines
from Wilkes-Barre. Pa., via Albany. N. Y., to Rouse’s point, on Canada line,
with branches, 843 miles in all. V. 08, p. 871.
Lines leased— *See these cos. Miles.
Lines owned—
Miles.
Lackawanna A Susquehanna___ 22 •Albany fc Susquehanna-----------142
Vail RR of Pennsylvania________ 17 •Rensselaer fc Saratoga________ 192
Honesdale and other branches— 27 •Chateaugay fc Lake Placid R R . 80
Schenectady A Mechanlcvllle___ 10 •Union Railroad_________________ 22
Cherry Valley Sharon & Albany. 21 •Jefferson RR. (trackage)....... - 35
New York fc Canada................. 150 Other lines_______________________50
Schenectady fc Duanesburg____ 14
Adirondack Railway................... 57
Total operated
Jan. 1 1911___
•Cooperstown fc Charlotte Valley 4
. ,
_ _ 843
Also leases Utica Clinton fc Binghamton and Rome fc Clinton RR.. 44
miles, sub-let to N. Y.Ontario fc Western. Thecompany.controlsThe Quebec
Montreal fc Southern Ry.. which extends from St. Lambert, opposite
Montreal, through Sorcl to Picrreville, and from Noyan Junction to St.
Roberts Junction on the aforesaid line, a total of 144 miles; an extension
from Picrreville to Fortlervillc, 48 miles, was completed In June 1909.
The line will be ultimately continued to Levis, connect ng with the Quebec
Bridge at Chaudlere Jet., a total distance of 50 or 52 miles. V. 81, p. 1010:
V. 83, p. 379: V. 84, p. 338, 623. On May 23 1908 the New York fc Canada
RR. was merged, and In July 1908 the Cherry Valley Sharon A Albany RR.
In Feb. 1905 a half-interest in the stock of the Schenectady Ry.. 110 miles,
was purchased. V. 82. p. 087. Owns $ 12.499.000 of the $12,500,000 stock
of the United Traction Co. of Albany, which In 1900 acquired control of
Hudson Valley (Electric) Ry. V. 81. p. 1550. 1010; V. 84, p. 51.
•HISTORY, fcC.—This company was chartered April 23 1823. It Is one
o f the largest miners of anthracite coal. The Hudson Coal Co., whose
stock Is owned, controls coal lands having In If 08 an estimated tonnage of
mlnablc coal of 423,205.353. and In June 1909 ag'ced to purchase the entire
present anti future coal output of D. fc H. V. 80. p. 913; V. 88, p. 1499.
D IVIDENDS.— 1 '87. ’88. '89 t o ’90. ’97 to ’00. ’01 t o ’06. ’07 t o ’ ll .
Since 1880........%J 5
0
7 yearly. 5 yca-ly. 7 yearly. 9 yearly.
Dividends In 1911 fixed at 9%. payable quart rly. V 90. p. 54.
BO ND S.
Rate
%
When
Payable
[VOL.
IiXXXXlJI
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
$2,401,950
3H A A O
8
1,211,250
Q--- J
A J
2,728,000 4 14 (5) J
4g J A J
450,000
A J
J
5,078,282
8
414 g J A J
500,000
F A A
400,000
4
1,800,000
8
Q— 1<
1,800,000
314 g F A A
42,503.000 9 in 1911 Q - -Mch
5,000,000
M A s
7
500.000
0g M A s
1,000,000
4 14 g M A s
27,704,000
4g
M A N
13,974,000
4 g J 15 A D
500,000
4g J A J
9,707,000
414 g J A J
1 1911 1 « Cincinnati, O
do
1 1911 2%
J P Morgan & Co, N Y
1 1931
Farmers’ L A Tr Co, N Y
July 1 1949
Checks mailed
Broad St Station, Phlla
do
do
A"g21 1911 2% 11 W State St., Trenton
Mcch Nat Bk.Trcnton.NJ
Aug 1 1955
Office 32 Nassau St, N Y
do
do
do
do
do
do
do
do
May 1 1943
do
do
June 15 1910
do
do
1912 to 1914
do
do
M A N
& J
,1 A J
& Bln?
d R R ; U t lc a C lin to n
30,277,000 20inl910 Sec t e x t
320,000
0g J A J
do
do
May 1 1912-18
do
do
Jan 1 1940
do
do
Jan 1 1942
RR: Coop A Ch arl Valley—Sec those cos
Oct 20 1911 2 14 90 West St. New York
do
do
1930-1930
1,275,000
300,000
1,300.000
4g
4 g
4g
J
STOCK, ETC.— In 1900 to 1900 $1,288,500 stock was retired by sinking
fund; none since. The stockholders voted May 10 1910 to permit the
sinking fund to be used to pay cost of additional coal reserves or for other
capital purposes. V. 90, p. 1044. Compare V. 08. p. 920, 1180.
Stockholders May 9 1905 authorized Increase of $5,000,000 stock for con
version, at option of holders, to April 1 1910, of $10,000,000 Albany fc Susq.
314% bonds, dated April 1 1900, on the basis of $500 stock for $1,000 of
bonds. The bonds were sold at par pro rata to D. & II. stockholders to
refund the Albany A Susq. 0s and 7s, effecting a material saving of Interest.
In 1909 the Albany fc Susq. stockholders were held by higher Federal courts
to be entitled to the benefit of this refunding. Increasing the yearly rental
paid. V. 85, P. 721; V. S3, p. 1030; V. 80, p. 1174. 1302, 2343; V. 88,
p. 938, 1499: V. 89, n. 1008. 1141: V. 90, P.911. To Oct. 1911 $3,556,000
bonds had been exchanged for D. fc II. stock.
. ,
„„„
Stockholders Feb. 19 1900 authorized Increase of thestoclc by $/ ,000,000,
to provide for exchange of an Issue of $14,000,000 of 4%10-ycar debentures,
dated June 15 1900. which was subscribed by stockholders at par. The
debentures are exchangeable for stock at the rate of $500 stock for $1,000
debs between June 15 1907 and 1912. Inch V. 81, p. 1848; V. 82. p. 087.
The equipment Hen 414s of 1907 ($10,000,000 Issue) have an annual sink,
fund of $050,000 to purenase bonds of the Issue, other securities or additional
equlpibent to come under the mtge. V. 84. p. 1247, 1307; V. 85, p. 1082.
On May 12 1908 the stockholders authorized a first and refunding mort
gage for $50,000,000, bearing not over 4% hit. and running 35 years, and
subject to redemption as an entirety only at 107 14 on any Int. day, beginning
May 1 1918. One per cent of the amount of bonds outstanding Is to be paid
to the trustee June 1 annually from 1909 to 1942, to be used to purchase
bonds or for improvements and extensions. Of the Issue, $0,500,000 will be
reserved to retire the outstanding 1st M. bonds: $20,704,000 were Issued to
discharge outstanding obligations maturing during 1908 or for construction
work In progress, and in Jan. 1911 $7,000,000 additional bonds were sold for
Improvements and additions. V. 86, p.981, 1409, 1589: V. 87, p. 90, 480,
1419, 1604; V. S9, p. 847. 1541: V. 90, p. 54, 107; V. 92. p. 180, 394.
EARNINGS.— 8 mos.. /1911........... .Gross, $13,974,198; net.$5,440,088
Jan. 1 to Aug. 31.
11910.......... Gross, 13,008,291; net, 5,120,175
REPORT.— For 1910 in V. 92, p. 950.
,...
, nno
Year ending Dec. 31—
1910.
1909.
1908.
Anthracite coal carried (tons)________ 8,208,744 7,002,877
9,165,689
Gross earnings of railroads............. $20,431,800 $19,525,859 $18,500,731
Net (railroads) .
$8,233,513
$8,007,380$7,689,010
Coal department (net)______________
358,002
507,875
1,145,4)8
Other Income.................................. 2,072,700
1,810,744
1,504,675
Total not Income............................ $HLG64.875 $10,391,999 $10,339,104
Miscellaneous rentals_______________ $2,045,084 $2,070,200 $1,897,028
Interest, taxes and miscellaneous__ 3,289.002 3,120,893
3,187,018
Dividends on stock, 9 % ____________
3,826,135 3,820,545
3,810.000
Balance, surplus_________________ $1,505,054 $1,374,295 $1,438,458
The earnings of the coal department In 1910 were SI 1,800,888: expenses,
$11,704,965; net, $41,923. In 1909, gross, $10,340,290; net, $200,454.
OFFICERS.— Pres., L. F. Loree; Chairman Exec. Comm.. R. M. Oly
phant; V.-P., Chas. A. Peabody, N. 5’ .; 2d V.-P. fc Gen. Mgr., C. S. Sims,
Albany; 3d V.-P., W. H. Williams; Asst, to Pres, and Asst. Sec., W . B.
Schofield; Treas.. C. A. Walker: Sec., F. M. Olyphant; Comp,, W. It. Davies
32 Nassau St., N. Y.; Gen. Aud., Allen McCarty. Albany, N. Y.
Managers.— Robert M. Olyphant, Chauncey M. Repew. John Jacob
Astor, L. F. Loree, William S. Opdyke, Archibald D. Russell, Cornelius Van
derbilt, R. Suydam Grant. George l. Wilber, C. A. Peabody, Robert S.
Lovett, James A. Linen and Robert C. Pruyn.— (V. 90, p. 1044. 1296,
1424; V. 91, p. 790. 1700: V. 92, p. 118, 180, 394, 950.)
DELAWARE LACKAW ANNA & WESTERN RR.— (See Map >— Oper
ates main line from Hoboken, N. J., opposite N. Y . City, to Buffalo, N. V .,
410
410 m.,
m with branches to anthracite region, Ac., 547 in., viz.: ( sec this co.)
Lines Leased (Concl.)—
Miles.
Lines Owned—
Miles.
N. J. State line to N. Y. line___ 114 Greene Railroad......................... 8
Oswego A Syracuse............
35
Branch to Northumberland_____80
Hopatcong, Ac_______
2 Utica Chenango A Susquehanna 97
Erie A Central New York..............18 •Valley RR. of New York ........ 11
Lines Controlled and Operated—
Bangor A Portland R y __________ 38
Hanover A Nexvport R R ......... .
7 •Syracuse Binghamton A N. Y__ 81
Sussex Railroad----------------------31
Lines Leased— (See each co.) —
•Morris A Essex and leased brchs.170 Lackawanna A Montrose RR..__ 11
•N. Y. Lackawanna A Western..214
___ _ „A ________
___„
„34.
Total operated Jan. 1911........957
Cavuga
Susquehanna________
Cut-off between SlateforcL "Pa., and Port Morris, N. J.. under construc
tion, under charter of Lack. RR. of N. J.. 28 m., to be completed by end of
1911. will shorten line 11 H miles. V. 80. p. 543: V . 90, p. 557; V. 92,
p. 050. The new Bergen Hill tunnel, % mile, was opened for traffic Feb. 14
1909.
HISTORY, AC.— Original company chartered In 1832, present title as
sumed In 1853. In 1903 purchased entire stock N. Y. A Hoboken Ferry Co.
In June 1909 the D. L. A W. Coal Co. was Incorporated with $0,800,000
authorized stock, to act as selling agent for the company's coal In Pennsyl
vania, the railroad stockholders being permitted to subscribe for Its stock
pro rata to the extent of 25% of their holdings. See extra dividend below.
V. 89. p. 41: V. 90. p. 557. Quarterly dividends of 214% on the coal com
pany’s stock were begun In Jan. 1910. V . 90. p. 54.
In Dec. 1909 sold $1,850,000 Lehigh Valley RR. stock. V. 90. p. 54.557.
STOCK.— Increased In 1909 from $20,200,000 to $30,277,000, to provide
for 15%> stock dividend, Ac. V. 89, p. 41. 348.
DIVIDENDS 1'80 to ’03. ’04. ’05. ’06. '07. ’08. ’09. ’ 10.
1911.
Since 1885__ % J7 yearly. *17 *19M *20 *20 *20 *70 *20 To Oct. 10
• The quarterly dividend was Increased from 1 Vf to 214% In April 1905:
an extra 10%. was paid In Deo. 1904 to 1910 Inclusive. In July 1909 a
special cash dividend of 50% was paid, one-half being applicable. If desired,
to subscription of stock of new D. L. A W. Coal Co. selling agency; also
15% stock dividend paid Aug. 2 1909. V. 89, p. 41, 224.
46
R A IL W A Y ST O C K S A N D
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Amount
Outstanding
1860 Onebond
1874 Onebond
1896
1909
1910
1902
$1,000
100 Ac
1,000
1,000
1903
1907
1905
1906
1,000
1,000
100
100
1,000
1,000
1887
1878
1878
___
1,000
1,000
200 Ac
100
$185,000
3
3
200,000
4
650.000
4g
1,293,000
700,000 To 5%
See text
5g
See text
4g
5
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J Jan 1 1932
J Jan 1 1932
Overdue
F A A lug 11936
Sec text July 1 1939
A A O Apr 1 1940
M A s Sept 1 1952
J
J
A
A
Broad St Station, Phila
do
do
do
do
Philadelphia, Pa
Kidder ACo,15NassauNY
Manh Tr Co, or off, Denv
New York or Denver
J A J July 1 1926
New York or Denver
2,025,000
F May 1 1912
See text
6
5
o — F Feb M2-Feb Mfi
?07 r>no
38,000,000
49,779.800 See text j A j Jan 16 1911 2 >5 Office, 165 B’ way, N Y
National Park Bank, N Y
34,192,000
4 g j A ,T Jan 1 1936
do
do
6,382,000
4 Hi g ,r A J Jan 1 1936
Bank’ Tr Co, N 1 :4 Ber
33,944,000
5 g F A A Aug 11955
National Park Bank. NY
8,335,000
5 g j A D June 1 1928
Maitland, Coppell, N Y
x2.277.000
4 g j A >T July 1 1940
A D Dec 1 1939
2,000,000
5g j
Guaranty Trust Co, N Y
4g j
A J July 1 1939
15.200,000
do
do
15,168,000
4 g A A O Apr 1 1949
do
do
A A O Jan 1 1917
390.000
4g
do
do
5 g M A s Mch 1 1931
629,000
do
do
1,007,000
5 g J A J July 1 1928
o
1000 5,000 Ac
1910
100
100
1886
500 Ac
1886
1,000
1908
A mks
1888
500
1890
1,000
1889
1,000
1889 1,000 Ac
1899 1,000 Ac
1898
1,000
1901
1,000
1898
1,000
Rate
%
o
39
Delaware Maryland & Virginia— June A B— 1st mtge
Break A Frank 1st M to State red since Jan 1895..
19
r Other mortgages........... .................. __........ .....c*
10
River RR & Bridge— 1st M gold guar p & L flP .o*
Bel
env Boulder & West— Ino 1st M $800,000 au red par
Denver Lar & N W— 1st M g red 108 $30,000 p m.Ma
210
Denver Northw & Pac— 1st M $22,500,000 g __ Ba c*
New mtge $40,000,000 see text..............................
• Income bonds $8,000,000 see t e x t ______________ _
Northw Term 1st M $3,000,000 g gu red te x t.. Ba
Colo-Utah Const Co notes ext ' l l opt V93pl021.Ce
“
Locom equip notes gu Am Loo Co due $17,500 qu.c
Denver & Rio Grande— Stock common (see te x t)..T r
Preferred stock 5% non-cumulative $50,000,000.Tr
First consol M $42,000,000 now 1st M g..U s.c*A r /1,667
11.667
First & ref M $150,000,000 gold red text. „Baxc* Ar* 2,529
Improvement mortgage ($5,000 per mile) gUs.o*&r 1,667
180
Rio Grande Southern first mortgage guaranteed.Ce
62
Rio Grande Junction first mortgage guar....... Cc.c*
435
Rio Grande Western 1st M gold (V 09, p 284)..Ce.c*
669j
First cons mtge redeem at par (see text) g— G.o*
36
Utah Central 1st M guar (V 08, p 724) gold-----G
__
Utah Fuel Co 1st M $2,000,000 redeem at 110..G
...
Pleasant Valley Coal 1st M s f redeem at 115.. .0
Salt Lake City Union Depot A RR— See that Co.
Hqalpment bonds Series A gold $75,000 due seml-an
do
do
Series B red 101 g $75,000 due sa
Des Moines & Fort Dodge— Common stock----Preferred stock 7% non-cumulatlve-----------138
First mortgage gold guar prln & Interest— Ce.o’ Ar
...
Second mtge $1,000,000 gold redeem at 105....... Ta
Des Moi la F & No— See St Paul A Des Moines
5
es Moines Union— First M for $800,000 gold..Ce,c*
Betroit Grand Haven & Milw— First equip M guar-.c
189
189]
Consol mortgage guaranteed-------------- -------- -O
65
Detroit Hillsdale & S W— Stock 4% rental L S A M S
Detroit Grand Rapids & Western—See Pere Marquett n R R
Par
Value
[ V O L . LX XXXT II
BO ND S,
225,000
4H g M A N Feb ’ 12-May’ 13 Blair A Co., New York
do
do
900.000
5 g M A S Mcn’12-Sep’ 17
4,283,100
763,500 See text August Aug 2 1909 5% 25 Broad Street, N Y
Central Trust Co, N Y
3,072,000
4 g J A .1 Jan 1 1935
600,000
5 g A A o Apr 1 1935
621,000
2,000,000
3,200,000
1,350,000
5g
6
0
4
M
A
A
J
A N Nov 1 1917
Central Trust Co, N Y
& o Nov 14 1918
New York and London
A o Nov 151918
do
do
A J July 5 1911 2% Farmers’ L A Tr Co, N Y
$2,233 ,000 n ot guara nteed
EARNING S.— 2 mos., J1911_______ Gross, $6,303,271; net, $2,362,661
July 1 to Aug. 31.
\1910........... Gross, 6,089,932; net, 2,485,069
A N N U A L REPO RT.— Annual meeting is held on Tuesday preceding last
Friday In February. The report for 1910 was In V. 92. p. 655. The fol
lowing Includes all lines except Syrao. Bing. & N. V., Sussex R R. and Lack.
& Mont. RR. In 1910 and 1909. and In 1908 the Bangor A Portland.
Year ending Dec. 31—
1910.
1909.
1908.
Passenger earnings_________________ $7,290,943 $6,825,430 $6,449,032
Freight earnings------ ------------------ 26,511,251 25.858,081 24.408,710
2,131,500
2,040,753
Miscellaneous......... ........................ 2,250,738
Gross___________ _______ — ___ $36,052,932 $34,815,011 $32,898,495
Net after taxos.................. ....... ___ $14,121,315 $15,039,686 $13,249,939
Coal department (net)............... _ _ •3.381,262 *4,628,771 *4,166,793
1,166,734
3.845,038
1,513,458
Other miscellaneous Income___ ___
Total net Income___________
$18,669,311 $23,513,595 $18,930,191
Interest and rentals------- -------------- $5,166,625 $5,163,383 $5,160,140
Rentals, advances, Ac_____________
238,584
271,563
291,323
Renewals and betterments_________ 2,542,117
2,099,454 2,781,603
Dividends (10% )...............
3.014,400 *2,817.216 2,620,000
Extra dividend (1 0 % )--.................. 3.014,400 *3,014,370 2,620.000
Balance, surplus, after dividends.. $4,693,184 $10,147,009 $5,457,125
• Earnings of the coal dept. In 1910, $21,786,127: expenses. $18,404,865;
net, $3,381,262: 1909, earnings, $35,665,865: expenses, $31,037,094; net,
$4,628,771: 1908. earnings. $41,487,555; net, $4,166,793.
* Also 50% extra cash dividend paid July 20 1909 and 15% stock divi
dend Aug. 2 1909, from profit and loss.
OFFICERS.— Pres., W. H. Truesdale; Sec. and Trcas.. A. D. Chambers;
Gen. Aud., G. E. Hustls.
BOARD.— Fredk. W. Vanderbilt, Wm. II. Moore, Henry A. C. Taylor,
tr nvimeHoin ritse\ f iifii/pp Wm Rnekefeiler. (ieo.
Baker Jr..
90 West St., New York.— (V. 92, p. 623, 655, 1701.)
DELAWARE MARYLAND & VIRGINIA RR.— Owns from Harrington
to Franklin City, Va.. 78 miles: Georgetown to Rehoboth, Del., 20 miles;
total, 98 miles. Controlled by Phila. Balt. & Wash., which owns $326,200
of the $526,758 stock (par $25), and so by Penn. RR. Sec V. 50, p. 498.
In year ending Dec. 31 1910,'gross. $356,384; oper. def., $12,892; other
Income, $1,822; Int., Ac., $53,787; bal., def. for year, $64,856— but this
does not inolude Interest on floating debt (of $880,249 Dec. 31 1909).
DELAWARE & NORTHERN RR.— East Branch to Arkvllle, 38 miles,
and 8-mlle branch. Incorp. In N. Y. Oct. 14 1911 with $1,000,000
authorized common and $250,000 6% cumulative preferred stock as a re
organization of the Delaware A Eastern Ry., foreclosed Aug. 16 1911 per
plan, V. 93, p. 588.
The old bonds ($1,000,000) were assessed 25% In cash, receiving par In
new pret. stock. V. 93, p. 940; V. 92. p. 881, 1701; V. 93, p. 44. 527.
For year ending June 30 1911 (45 miles), gross. $103,763, agst. $94,667
In 1909-10; net, $7,907. agst. oper. def., $17,770; taxes, $9,346 — (V. 93,
p. 1105.)
DELAWARE"RIVER RR. A BRIDGE CO.— Frankford Jet., Pa., to
Pensauken, N. J., and branches, 9.52 miles.
Capital stock ($i,300,000) Is all owned by the Pennsylvania RR., which
guarantees bonds, principal and Interest, by endorsement. Dividends:
Dec. 1900 to June 1906, incl., 4% yearly (2 J. A D.); Deo. 1906, 3%; 1907,
5%; 1908, 6%; 1909 and 1910, June, 2%; Deo., 4%; 1911, June, 2. Sinking
fund, 1%. Guaranty, V. 63. p. 1062, 1159; V. 89, p. 1596.
DENVER BOULDER A WESTERN RR.— Boulder to Ward, Colo., 26
miles: Sunset to Eldora, 20 miles; branches, 5 miles; total, 51 miles. Reaches
Denver Union Depot from Boulder over Colo. A Sou. (third rail); V. 80,
p. 650. Successor to Col. A N. W., foreclosed March 29 1909. V. 88, p.
944. Stock. $300,000, all out: par $100. Of the bonds ($800,000 auth.
Issue), $100,000 are reserved for extensions. Improvements, Ac. They are
entitled to Int. up to 5% f earned, payable Sept. 1 beginning 1910.
For year ending June 30 lu ll, gross, $89,946, against $132,801 In 1909
10; net Income, $15,344, against $34,034; charges and taxes, $4,493; bal.,
sur., $10,851. Dlv. on Incomes, 3% ($21,000), paid Sept. I 1910, and
1 H% ($10,500) Sept. 1 1911. Pros, and Treas., W. B. Hayes; Sec., C. M.
Williams. Office. Boulder, Colo.— (V. 89. p. 41. 993.)
DENVER LARAMIE A NORTHWESTERN RR.— Projected to extend
from Denver. Col., to coal fields In Carbon Co., Wyo., 220 miles, and thence
northwest; total, 750 miles, of which 56 miles, from Denver to Greeley,
Col., were opened May 15 1910, and 12 m. west of Greeley were under
construction In Oct. 1911.
Stock auth., $30,000,000; of the stock $5,750,000 Is pref., with preference
as to dividends only at 5%, cumulative from July 1 1914 (none outstanding
June 1911); par $100. Bonds auth., $22,500,000, at $30,000 per mile;
$734,000 outstanding June 30 1911; sink, fund $250,000 April 1 1925 and
each Int. day thereafter. V. 90, p. 1238. Car trusts June 30 1911, $112,
776. Successor In 1910 of D. L. A N. W. Ry. V. 90, p. 502. For year
ending June 30 1911, gross. $109,282; net, $4,859; Int., taxes, Ac., $127,088;
bal., def., $122,229.
Pres., Charles S. Johnson, Denver; VIcc-Pres. and Gen. Mgr., William E.
Green; Sec., Sidney J. Kent; Treas., W. E. Skinner.— (V. 92. p. 1374.)
DENVER NORTHWESTERN A PACIFIC RY,—To extend from Denver
to Salt Lake, about 575 miles, along a line about 100 m. south of the Union
Pac. and 125 m. north of the Denver A Rio Grande. In 1908 211 miles,
Denver to Steamboat Springs (364 miles from Salt Lake City), was com
pleted. See V. 75. p.289; V. 78. p. 1108: V. 80. p. 1362: V. 86. p. 167.
In April 1911 a law was passed, subject to a referendum vote by the
electors two years hence, that the State shall build a 4-mIle tunnel costing
about $5,000,000 to shorton the present road 16 H miles, the railroad to
have the right to lease the tunnel or purchase It at cost, but In elthor case
all roads to have the right to use the same under traffic agreement,
V. 92. p. 1310.
STOCK. BONDS AND NOTES.— Auth. stock, $20,000,000, of which
$10,000,000 pref. 5% non-cum. V. 75, p. 1147; V. 79, p. 102. Outstand
ing June 1911, $5,470,000 each of com. and pref. stock and $10,940,000
bonds. Of the bonds, $8,000,000 are deposited as collateral for $4,000,000
6% 2-year notes of the Colorado-Utah Construction Co. (which Is building
the road),dated 1909,and guaranteed, prln. and Int.,bythe late Pres. D.H.
Mo Hat: denominations $5,000, $10,000, $25,000 and $50,000 each. V. 88.
p. 1127, 1061; V. 92, p. 1242, l3l0. Holders of these notes (due and un
paid May 1 1911) were In Oct. 1911 offered 12H% cash and 87)4% In
Denver Ry. Securities Co. 6% collateral trust purchase money gold notes
maturing May 1 1912. V. 93. p. 1021, 1105.
The stockholders on Oct. 14 1911 authorized an Issue of $40,000,000 5%
40-year mortgage bonds and an $8,000,000 issue of 6% 20-year income
bonds and Increasing the stock from $20,000,000 to $40,000,000, onehalf 5% non-cumulatlve preferred. Part of tho new Issue will bo used
to retire the present bonds and floating debt, the remainder to be available
for the extension of the line to Salt Lake City, the building of the Orestod
to Dotsero cut-off and of a line Into the anthracite coal fields In Routt Co.
and other purposes. V. 93, p. 871, 1105.
DENVER R A IL W A Y SECURITIES CO.— This company was Incorpo
rated In Colorado on Apr. 29 1911 with $10,000,000 stock, and acquired
8-llths of the stock and 1st M. bonds of the Denver N. W. A Pac. Ry.,
viz.: $8,232,000 stock (half common and pref.) out of $10,940,000; also
$8,000,000 (of the $10,940,000) Ry. bonds, subject to the lien of the 6%
Col.-Utah Construc'n notes (V. 93, p. 163; V.92, p. 1701: V. 93, p. 1021).
N. W. T E R M IN A L R Y .— Leases Northwestern Terminal Ry. at Denver
for 999 years, guaranteeing bonds, prln. A Int. Bonds are callable to July 1
1916 at 105 and Int.; thereafter at 102 )4; see V. 90, p. 503.
EARNINGS.— For 12 mos. ending June 30 1911, gross, $1,044,258, agst$973,873 In 1909-10; net, $302,637, agst. $209,493. For 2 mos. ending
Aug. 31 1911, gross, $253,724, agst. $238,721 In 1910; net, $119,518.
agst. $105,230. Pres., .F G. Evans; V.-P. and Gen. Mgr., D. C. Dodge;
Sec. and Treas., S. M. Perry.— (V. 93, p. 163, 871, 1021, 1105.)
DENVER A RIO GRANDE RR.— [See M ap.)— ROAD.— Mlloage:
Road owned and operated__ 2,528
Of the preceding:
Rio Gr. Jo. RR., Ac. (leased)..
70 Standard gauge_______________ 1,810
Narrow gauge only--------------- 787
Total June 30 1911.......... ..2,598 Second track........................... 113
Rio Grande A Southwestern RR., Lumberton Station,Col., 33 m. south
easterly, Is operated on basis of 25% of gross earns. V. 79, p. 907.
In June 1910 construction was begun Jointly with the Colorado A South
ern from Pueblo to Walsenburg. 56 miles, to be completed by Jan. 1912
and to cost each company about $1,900,000. V. 90, p. 626: V. 93, p. 597.
HISTO RY.— Reorganization of a railway company of same name fore
closed July 12 1886. On July 31 1908 the Rio Grande Western was merged.
V. 87, p. 226, 285. The Rio Grande Junction Is leased Jointly by this co.
and the Colorado Midland, and Its bonds guaranteed. The Col. Midland Is
controlled by parties Interested severally In the D. A R. G. and Colorado
A Southern. V. 70, p. 739. The Rio Grande Southern Is controlled.
The Missouri Pacific on June 30 1910 owned $17,295,000 common and
$9,805,000 pref. stock, this, together with the Rockefeller Interest, It Is
understood, constituting a considerable majority of the entire stock, the
pref. and most of the common being deposited under the Mo. Pac. 3-year
5% notes dated June 1 1911. V. 72, p. 338, 580, 1238: V. 73, p. 506.
Deliver A Rio Grande owns two-thirds of the stock and has given a traffic
guaranty to the Western Pacific Ry. (which see), completed from Salt Lake
City to San Francisco In 1910. V. 81, p. 845; V. 83. p. 568. The stock
($200,000) of the Salt Lake City Union Depot A RR. Co. Is about equally
owned by the D. A R. G. and Western Pacific, which guarantee Its $1,100,
000 first mortgage 30-year 5% bonds. V. 88, p. 232.
DIVS. since '911 '92. ’93. '94. '95. '96. ’97. '98. ’99. ’00. ’01 to Jan. ' l l
on preferred, %._/ 0 2 0 0 2 2
2)4 4 4
5 yearly.
In June 1911 dividends were temporarily suspended, the amount, about
$1,250,000 being used to pay the semi-annual Int., duo Sept. 1 on the
West. Pac. 1st M. 5% guar, bonds. ' V. 92, p. 1635.
The improvement mortgage abstraot was In “ Chronicle,” V. 47, p. 229,
Abstract of R. G. W. 1st mort. was In V. 49, p. 237, and statement to
N. Y. Stock Exchange. V. 50, p. 73: also V. 69, p. 284. Utah Fuel 1st 5s
of 1931; see application to-list, V. 78. p. 1171, 1178. 1548, 2015.
The Rio G. W. first consol. 4s of 1899, see application to list In full.
V. 72. p. 537, 775, 1189. List of collateral June 30 1911. V. 93, p. 598.
The refunding mtge. dated July l 1908 covers the consolidated properties
to secure an Issue of $150,000,000 bonds, of which $90,000,000 were avail
able for other purposes. The bonds are redeemable at 105 to Aug. 1 1913
and 110 thereafter. In addition to a lien on the Denver A R. G. RR., the
bonds are secured by two-thirds ($50,000,000) of the stock of the Western
Pacific and all the $25,000,000 2d mtge. bonds on tho latter. V. 86,
p. 1224, 1284, 1529: V. 87. p. 226, 285, 544, 741, 1419; V. 88. p. 100, 230.
294, 504, 822; V. 89, p. 348, 593: V. 90. p. 848.
LATEST EARNINGS.— From July 1 to Aug. 31, 2 months:
2 Months—
Cross.
Net.
Other Inc.
Charges. Bat., Sur.
$170,052 $990,359
$327,155
1911_________ $4,165,702 $1,147,462
1910 ............... 4,250,147 1,406.337
149,264 947.488
608,113
AN N U A L REPORT.— Report for 1910-11 In V. 93, p. 587, 596, Includ
ing the Rio Grande Western. See p. 563.
•
1910-11.
1909-10.
1908-09.
2,553
2,541
2,534
Average miles operated.................
Total operating revenue----------------- $23,391,771 $23,563,437 $20,876,571
Net revenue....... ............................. 7,406,434
7,779,467
6,407,535
Taxes.............
859,621
823,515
762.823
Operating Income......................
Other Income.. ________
Total net Income-----------
$6,546,813
1,849,406
$0,955,952 $5,704,712
1,637.870
1,379,417
$8,396,219
$8,493,822 $7,084,129
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48
R A IL W A Y
RAILROAD COMPANIES
\For abbreviations, &c., see notes on first page]
STOCKS A N D
Miles Date
Road Ronds
Par
Value
Amount
Outstanding
BONDS.
Rate
%
When
Payable
Detroit & Mackinac— Common stock, 52,000,000 auth
5100 $2,000,000 5 in 1911 J A
Pref. stock 51,000,000 authorized.____ _________
100
950,000 5 In 1911 J A
"First lien” $1,500,000 gold___________
Qc
All
1895
1,000 1,050,000
4 g .1 A
“ Mortgage bonds” $1,750,000 g red at par____ (ic
All
1895
1,000
1,250.000
4g J A
Detroit Toledo V; Fronton— Com stock (V 80, p 050) .
100 12,500,000
First pref 4% non-cum (pref as to assets) $7,500,000
100 7,500,000
Second preferred 5% non-cumulatlvc, $5,000,000.
100 5,000,000
Receivers’ certificates____________________
1910
835,000
0
do
do
_____________ I ___ m m
1910
188,000
6
do
do
________ .
1911
150,000
Detroit Southern— Ohio South Division m tgelllCe
1,000 4,495.000
263 1901
4g M A
General lien A division 1st M $4,253,000 gold.. N.c' All
1905
1,000 4,253,000
4g J A
Consolidated mortgage $22,500,000 gold____ K.c Text 1905
1.000 2,770,400
4A g F A
Notes for Ann Arbor $5,500,000, see tex t______Usm
__ 1905
1,000 See text
J A
5
Locomotive notes, part due s-a________________
__ 1909
M A
94,500
6
Locomotive notes_____ _____
1911
125,000
Equipment trust gold (V 82. p 00)____________ Ta
__ 1905
1,000
1,650.000
4M g J A
Detroit Southern car trusts due 54O.OO0 yearly___
__ ____
1,000
40,000
4A g A A
Det & Tol Sh L— 1st M $3,000,000 g gu p & 1-Ba.c‘ Ar
48 1903
1,000 2,288,000
•I £ . .) A
Dover & Rockaway—Stock 6% rental 090 years..
__ ___
100
140,000
A A
0
Dub & Sioux City— 111 Cent W lines 1st M g . . Us.c* Ar
218 1895
1.000 5,425,000
4g F A
Iowa Falls A Sioux City 1st M Iowa Falls to SlouxCy
184 1809
500 Ac 2,800,000
A A
7
Cher A Dak.C R & C and Omaha Dlv Ac first mtge
328 ’88-00
8,930,000 Illinois C entral
Duluth & Iron Flange— First mortgage______Mp.cAr
210 1887 1,000 Ac 0,732,000 . 5
A A
Second M currency redeem at 105 $5,000,000-Cc.c*
210 1890 1,000 Ac See text
0
.1 A
Duluth Missabe & Northern— First mortgage gold s f.
05 1S92
1,174,000
6g J A
First consol mtge $3,500,000 gold call at 105___ Ce
130 1893
1,000
705.000
6g J A
General mortgage gold s f. red 105___________ Nxc*
215 1900
1,000 9,075,000
5g J A
Duluth So Sh & Atlantic— Marq H A On gen M-.Ce.c*
130 1885
1,000
1.077,000
A A
0
Duluth South Shore & Atlantic 1st M gold.Ce.c&r
587 1887
1,000 3,810,000
5g J A
First consol mtge gold Interest guar___ Ce.c'Ar
587 1890
1,000 15,107,000
4g F A
Income certs ($3,00O.0OO held by Can Pac July ’ l l ) .
1892
4
3,000,000
Car trusts guar by Can Pac (due $17,000 yearly)..
__ 1907
34,000
5
J A D
do
do
do _____________________
__ 1909
120,000
4A M A
do
do
do _____________________
—
1910
170,000
A A
4
Du Winn & Pac— 1st M deb stock guar by Car Nor Ry
—
1909
.1 A
0.148,333
4
DulRLAWIn 1st M$2,000.00.0 g red 105 beg’ ll.IC c *
__ 1900
1,000 2,000,000
5 g ,1 A
Dun All V & Pitts— 1st M 55,000,000 g gu_.(i.xc* Ar’
__ 1910 1,000 Ac 2,900,000
4A e F A
Durham & So Car— 1st M $300,OO0 gold red 105-MeBa
30 1905
1,000
300,000
5g J A
1010-11.
1909-10.
1908-09.
Interest on bonds. ------------------- $4,922,130 $4,606,8(57 $3,301,051
Rental of road, yards, terminals, Ac.
285,411
273,470
223,240
705,028
005,312
502,884
Hire of equipment...................
Div. on pref. stock....................(2 A % ) 1,244,495 (5)2,488,990 (5)2,288,990
Renewal fund..................
120,000
120,000
120,000
Appropriations for betterments, &c._
______
______
301,244
T o t a l.......................................... $7,277,070 $8,094,045 $0,797,415
Surplus-----------$1,188,549
$399,177
$280,714
OFFICERS.— Chairman of Hoard, George.I. Gould; Pres., E. T. JcfTery;
Vlce-Pres., Chas. II. Schlaoks; Treas., J. W. Gilluly; Sec. and Compt.,
Stephen Little. Office, 105 Broadway, New York.
Directors— George J. Gould, E. T. Jeircry, Edwin Gould, Howard Gould,
Klngdon Gould, Edgar L. Marston, Arthur Coppell, Edward D. Adams,
New York; Charles H. Sohlacks, San Fran.; Joel F. Valle, Denver, Col.—
(V. 93. p. 730. 1105.)
DES MOINES & FORT DODOE RR.— (See Map Minneapolis & S t.
Louts.)— Owns Des Moines to Ituthven, la., 137.01 in.; at Ft. Dodge. la.,
0.61 m.; trackage, Tara to Ft. Dodge, 6.07 m.; and Spencer to Ruthven,
12.45 m.; total, 150.14 m. In 1904 Minneap. A St. Louis acquired $2,530,
000 of the outstanding 54,283,100 com. stock, and guarantees the $3,072,000
1st mtge. 4% gold bonds Issued to retire all the outstanding bonds, which
matured Jan. 1 1905; the Minn. & St. Louis leases the road for 30 years from
Jan. 1 1905; all income over charges, Improvements, Ac., to be paid to
lessor. V. 79, p. 208, 1704, 2085. Guaranty, V. 79, p. 2690. Pref. stock
(non-cum.) shares equally with common after 7% on each.
Second M. bonds, 51,000,000 auth.; see V. 82, p. 1322.
DIVIDENDS.— 1 ’93. ’94. ’95. ’90 to '98. ’99 to '03. '04 to ’09 ’ 10 -11
On preferred_____% l 2
4 4
0 yearly
7 yearly 5 yearly None
Report for year ending Dec. 31 1910, In V. 92, p. 1032, showed gross
earnings, $769,842: net, $202,454: taxes A Int., 5176,580: surplus, $85,874.
Year 1909. gross, 5572,499; net, $102,457: taxes A int., $175,580; bal., def.,
513,123. Pres., E lwin Hawley; V.-P.. W. G. Blerd; Treas., F. H. Davis;
Sec., VV. S. Crandell.— (V. 91. p. 34. 38; V. 92, p. 1632.)
DES MOINES UNION RY.— Terminal road In Des Moines; owns 5 miles
main track and branches, 14 miles 2d anti side tracks, bridge across Des
Moines River and 25 acres of land In Des Moines. See statement to N. Y.
Stock Exchange In V. 65, p. 1173. Leased to Wabash RR., Chicago Great
Western, Chic. MUw. A St. P. Ry., Chic. Burl. A Quincy RR., St. Paul A
Des Moines RR. and Minneapolis A St. Louis RR. V. 75, p. 342. Rental
equal to expenses and fixed charges pakl monthly by lessees on wheelage
basis. Stock auth., $2,000,000: out., $400,000: par, $100. Year 1909-10,
gross, $337,673: net Inc., 5107,354; Int., Ac., 570,515.— (V. 86, p. 337.)
DETROIT GRAND HAVEN & MILWAUKEE RY.— (See Map Grand
Trunk Ry.)— Owns from Detroit to Grand Haven, Mich., 189 miles. A re
organization of Sept. 1878. The principal and Interest on the bonds arc
guaranteed by the Grand Trunk of Canada. Stock, 51,500,000: par, $50.
Real estate bonds or mortgages, $220,000. On June 30 1910 sundry out
standing accts., $2,964,062. Grand Trunk of Canada owns entire stock.
EARNINGS.— 2 mos„ /1911............ Gross, $344,014; net, $00,427
July 1 to Aug. 31.
11910________Gross, 257.877; net,
12,452
Year ending June 30 1911, gross, $2,040,080: net, $278,040; other Income,
$75,067; charges. $527,452; bal., def., $174,339. (V. 91, p. 870; V. 92,
p. 1374.)
DETROIT HILLSDALE & SOUTHWESTERN RR.— Owns Ypsllanti,
Mich., to Bankers, Mich., 65 m. Leased In perpetuity July 1 1881 to the
Lake Shore A Mich. Southern Ry.; rental, $54,000 per year—4% on stock.
DETROIT A1AC KIN AC & MARQUETTE RY.—SEE MISC. COS.
DETROIT & MACKINAC RY.— Owns from Bay City, Mich., to Cheboy
gan, 190 m.; Rose City Branch, 31 m.; Prescott Branch, 12 m.; Lincoln
Branch. 14 m.; Au Gres Branch, 8 m.; Alabaster Branch, 4 m.; Hillman
division, A pena to Hillman, Mich., 22 m. (opened Dec. 1909); Rogers City
Branch, 10.90 m. (opened June 19 1911); logging branches (largely tem
porary), 59 m.; total, 358 Jmlles. In 1910-11 forest products furnished
55.53% of traffic. In 1902 Henry K. McIIarg and associates acquired
control.
BONDS.— "Mortgage bonds” for $500,000 were reserved for betterments,
Ao., at not over $50,000 per year. V. 74, p. 629. In addition to the
amounts shown above as outstanding, $450,000 "first lien” and $450,000
"mortgage” bonds were on June 30 1911 held In the treasury.
STOCK.— The capital stock Is $3,000,000, of which $2,000,000 common
and $1,000,000 5% non-cum. preferred. See V. 74. p. 629. Dlv. on pref.,
2 M % July 1 1903: since to July 1911, 5% yearly. On common. 1st dlv..
2H % . paid Jan. 1911; July, 2 H % . V. 91. p. 1511.
LATEST EARNINGS.— /1911_______Gross, $214,087; net, $48 445
2 mos., July l to Aug. 31 .\ 1910............Gross, 213,015; net, 68,338
EARNINGS.— Report for year ending June 30 1910 was In V. 91, p. 1247.
In 1910-11. gross, $1,177,099; net income, after taxes, $285,900; Int. on
bonds, Ac., $90,256; pref. dlv. (5% ), $47,500; com. div. (5%), $100,000;
bal., sur., $42,214. In 1909-10, gross, $1,231,244; net, $290,580.— (V. 92,
p. 1374; V. 93, p. 1105.)
DETROIT TOLEDO & IRONTON RY.— Operates road from Detroit,
Mich., to Ironton. via Lima, 389 m.. Including 45 m. of trackage; branches
Kingman to Scdalla. O.. 31 m.; Jackson to Cornelia, 19 m.. and Llsman
Jet. to Dean. O., 3 m.; total, 441 m.; coal mine tracks, sidings, Ac., 141 m.
Also owns control of Ann Arbor RR., which see. V. 81. p. 204: V. 82, p. 509.
ORG ANIZATIO N.— Successor, per plan V. 80, p. 050, of Det. South.
RR. foreclosed, subject to Ohio South, mtge. V 80, p. 2344. 1850.
Receivership.— In Feb. 1908 Geo. K. Lowell. BenJ. S. Warren and Thomas
D. Rhodes were appointed receivers, the Interest on the consol. 4>$s due
Feb. I 1908 being In default. The Interest on the divisional and gen. lien
4s was first defaulted Dec. I 1909. Foreclosure under the general lien and
divisional and consolidated mortgages adjourned to Jan. 9 1912. V. 93,
p. 409, 871. V. 91, p. 1511; V. 92. p. 1242, 1435.
The Sept. ’09 and.Mch. ’ 10 coupons on Ohio Sou. dlv. bonds were paid
Mch. t ’ 10. The Sept. '10 coupons were also paid, the Mch. and Sept.
[VO L. LXXXXI1I.
Last Dividend
and Maturity
J July
J July
D June
D June
Places Where Interest and
Dividends are Payable
1 1911 2 A H K McIIarg, New York
1 1911 2 A
1 1995
J P Morgan A Co, N Y
1 1995
To Jan 1912
To Mch 1912
S Mch 1 1941
D Dec 1 1955
A Aug 1 1980
D Dec 1 190S
S To Sept 1913
D To June 1915
O To Oct 1 1912
J Jan 1 1953
O Oct 1911 3%
A Aug 1 1951
O Oct 1 1917
bo nds or collatcra
O Oct 1 1937
J Jan 1 1910
J
J Jan 1 1923
J Jan 1 1941
O Apr 1 1925
J Jan 1 1937
A Aug 1 1990
Dec 31 1912
15 To June 1912
S Mch 1 1914
O Apr 1 1915
1) June 1 1939
J Jan 1 1910
A Aug 1 1900
J July 1 1935
Sept 1911 coupon cashed
Dec ’09 coupon cashed
Aug '07 coupon last paid
Dec '07 coupon last paid
Harvey Fisk A Co, N Y
Dec ’07 coup last paid
Merc Trust A Dcp Co,Bal
Bankers Tr Co. N Y
143 Liberty St New York
Office 115 B’ way, N Y
do
do
1 therefor
Office Empire Bldg, N Y
do
do
Central Trust Co, N Y
Company’s office, N Y
44 Wall St, New York
New York or London
Chicago, III
Detroit, Mick
Philadelphia, Pa
London or Toronto
Chase NatBk.NY; A Chic
New York
Merchants’ Trust Co,Balt
1911 coupons being purchased by the consolidated mortgage bondholders’
committee. V. 89. p. 593; V. 93. p. 589. On Feb. 25 1908 $300,000
receiver’s certificates were authorized, having a lien junior to the Ohio
Southern division and general lien and divisional 4s. V. 80, p. 540, 002.
In Jan. and Feb. 1910 $S()0,OOO 1st lien receivers’ ctfs. were auth., of
which $400,000 rank ahead of all mtges. and 5300.000 ahead of the general
lien but after the Ohio So. Dlv. mtge. V. 90, p. 107.
On March 20 1911 5150,000 addltimial receiver’s certificates were Issued.
Committee for Ohio So. Div. 4s.— .fames N. Wallace, Chairman: F. E.
Mowlc, Sec., 25 Nassau St., N. Y.; Central Trust Co., N. Y., depositary.
V. 89, p. 1279, 1541; V. 90, p. 559; V. 93, p. 589, 790.
Committee for Gen. Uen A Div. 4s.— Otto T. Bannard. Chairman; Win. R.
Britton. Sec.. 30 Broad St.. N. Y.; N. Y. Trust Co., depositary. In Jan.
1910 over 85% had been deposited. V. 89, p 1482, 1590. 1007: V. 90, p.
167; V. 92. p. 794. The Dec. 1909 coupons were cashed In behalf of the
consol, mtge. interests, but the 1910 coupons remain unpaid. V. 90, p.
1490, 1554: V. 91. p. 1511.
Committee for Consolidated Mortgage 4 'As.— Francis Henderson, Chairman;
Newman Erb, Joseph B. Foraker, Hugh II. Harrison, Joseph Ramsey Jr..
Geo. W. Young (Howard C. Dickinson, Sec.; Empire Trust Co., N. Y..
depositary). Formed In Feb. 1911 by a majority of the consol. 4J4s.
V. 92, p. 594, 1242.
Collateral Trust Noteholders' Committees.— Joseph Ramsey Jr., Chairman,
Walter L. Worral. Secretary; New York Trust Co., depositary. In Nov.
1910 about $5,300,000 of the 55,500,000 outstanding notes were. It was
understood, owned or controlled by the committee, which at public sale
on Nov. 25 1910 bid In the collateral, viz.: $3,001,000 pref. stock and
52,190,000 com. stock of Ann Arbor RR. and $5,000,000 Det. Tol. A front,
consols. These consols were held valid by the lower Court In .Sent 1010.
V. 91, p. S70. See circular In V. 87. p. 1300. V. 80. p. 337, 420, 480,
340 002, 1589: V. 87, p. 100, 285, 544, 1300; V. 90, p. 447, 020, 1446.
.Under Plan In V. 92, p. 260, the holders of depositing notes on payment
of 53o4,233 per 51,000 note received $802.1 Ann Arbor pref. and $585.4
common stock and a certificate of deposit representing the proportionate
interest In 3,741-5,441 of $5,000,000 D. T. A 1. consols, viz., $919 89.
The committee has given an option to II. B. Hollins A Co. until Dec. 22 1912
to purchase the D. T. A I. consols or equivalent securities Issued In re
organization at 51,020,245, with interest at 5% from Nov. 25 1910.
Pref. Stockholders' Committee.— Alexander J Hemphill, Chairman; Edgar
C. Ilebbard, Sec. (Guaranty Tr. Co., N. Y., depos.). V. 80, p. 1409, 1529.
The Int. on the 51,056,000 4 14%equip.trust notes of 1905 being In default,
the equipment was surrendered: but the obligation remains. V. 89, p. 1410.
EARNINGS.— 2 mos., 11910-11.... ........ Gross, $290,250; net, $54,298
July 1 to Aug. 31.
11909-10.............Gross, 339,052; net, 37.720
REPORT.— For year ending June 30 1910 In V. 91, p. 1383.
Entire System (including Ann Arbor).
Year—
Gross. Netlaft.Tax.) Oth.Inc. Deductions.
Ralanee.
1009-10.........$3,403,192 $441,094 $113,281 51,384,380 def. $830,004
1908- 09...... 3,233,007 557,400
139,904
1,354,530 del. 657.166
Detroit Toledo & Ironton Proper.
1910-11_____ $1,785,465def.$48,683
$19,295 $1,170,599 def.$1,1»0,980
1909- 10_ 1,007,032 sur 31,070
40,500
980,475 def. 914,298
1908-09_ l,525,126uir.l06,950
38,470
890,089 def. 085,257
Interest charge Includes yearly $275,000 Interest on collateral trust notes
Issued for Ann Arbor stock. Sec V. 83, p. 1034.
Pres., Eugene Zimmerman: See. and Treas.. G Caspar Nile*; Office.
Detroit.— (V. 92, p. 1435; V. 93, p. 280, 409, 589, 70(5, 871.)
DETROIT & TOLEDO SHORE LINE RR.— Extends from Toledo to
(suburbs of) Detroit 47.0 m.; 2d track, 20 m.; sidings, 3 m.: trnckngo over
Toledo Ry. A Term. Co.. Ac., 31 in.; total track, 101.0 m. V 78. p. 2598.
The Grand Trunk Western Ry. and the Toledo St. Louis A Western RR.
own the entire $1,428,000 stock and jointly guarantee the bonds, principal
and Interest,by endorsement. See form of guaranty, V. 70. p. 053. First
dividend, 4%, paid from earnings prior to June 30 1908: in fiscal year
1908- 09 0% and In 1909-10 and 1910-11 8%. V. 87, p .1237
EARNINGS.—2 mos., (1911-.............. Gross, $150,353; net, $74,904
July 1 to Aug. 31.
)1910__________Gross, 115.525; net, 47,820
Year ending June 30 1911, gross, $954,941; net Income, $430,636; Int.
rentals. Ac., $245,004; dlvs. (8%), 5114,240; bal., sur., $70,733. In
1909- 10, gross, $913,024; net, $407,327. Pres., T. P. Shonts.— (y . 8 7 .
p. 1237.)
DOMINION ATLANTIC RY.— See Canadian Pacific Ry. V. 91, p. 716.
DUBUOUE & SIOUX CITY RR.— (See Map of Illinois Central.)— Owns
Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux City, 184 m •
Manchester to Cedar Rapids, 42 m.: Onawa, Iowa, to Sioux Falls, Dakota"
155 m.; Cedar Falls to Minnesota State Line, 70 m.: Tara Station, near Ft*
Dodge. Ia.. to Council Blufls. 130 m.: total owned, 730 miles
O RGANIZATION.—Controlled since April 1887 by the Illinois Central
RR., which owns nearly all the $11,759,500 stock and has Issued Its own
bonds on the road; the only D. A S. C. bonds held by the public are the Iowa
Falls A Sioux City 7s. $2,800,000. Lease. V. 79. p. 12/4.
DIVIDENDS.— 11900. 1901. 1902. 1900. 1907. 1908. 1909. 1011
—“ v . 89?pH470 )
3
1H
1
1Vi
4
ly i Aug,3 HSeP, 2
DULUTH & IRON RANOE RR.— Owns Duluth to Ely, Minn., 117 22 m •
Tower Jet. to Tower, 1.40 m.; Allen Jet. to Virginia, 25.31 m • McKinley
to Eveleth, 9.02 m.; Waldo to Drummond, 15.02 m.: Mesabn’ to Dunka
DlYcr, 18.29 m.; North Branch from Ridge, 4.14 m.; branches and spurs,
72.22 m.: trackage to Union Depot, Duluth, 0.80 m.: total, 203 42 miles
Owns ore docks and yards on Lake Superior costing over $1.500.000
'
STOCK. Ao.— Stock, auth., $10,000,000: out., $3,000,000. Federal
Steel Co- fsce U. S. Steel Corp.) owns the stock and $3,500,000 of the $4.
500.000 2d mtge. bonds. (V. 00. p. 1237.) First mtge. bonds auth., $25,
000 per mile for construction and $7,000 for equipment. Dividends since
1904: 1905, 05%. 1900, 40%; 1907, 80%; 1908, 80%; 1909. 145%; In
fiscal year 1909-10. 100%.
EARNINGS.— 2 mos., (1911......... Gross, $1,907,209; net, $1,322,461
July 1 to Aug. 31.
11910......... Gross, 2,455,435; net, 1,724,650
/OGDEN
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R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Dutchess County RR— See Central New England Ry
East Broad Top RR & Coal— 1st M ext 1908...
2d M Incomes_________ _______________ _
East Mahanoy RR—Stock........................ .......
First mtge gold guar p & I by P A R RR (end) ..c '
East Tennessee Virginia & Georgia—See Southern Rj
East Tenn & W No Car— 1st M g (V 81 p 1723) .GuP.c"
Eastern Ry of Minnesota—See Great Northern
El Paso & Northeast— N M R y & C col tr g red 105 N
l& .N M R y & Coal M gold___ _______
Ta
IK AI am A Sac Mt first mtge $900,000 gold guar___ N
El Paso & Rock Isl first M $2,500,000 gold ...T a .c
i"" Dawson Ry & Coal coll trust gold guar p & 1. Ta.c
El Paso Union Pass Depot— 1st M g $240,000 s t..T a
Joliet A Eastern— 1st M ($10,000,000) g.Cex.c*
§lgin
ifzab tht’n Ter Co— 1st M $150,000 redl05 begApr’ 15
Elmira & Lake Ont— Sodus Bay & So— 1st M g..U n.c
Elmira & Williamsport— Stock com 5% rental___ N.o
Preferred stock 7% rental 999 years Northern Cent
First mortgage extended 1910___________________
Income bonds 999 years to run_________________ c
Erie & Pittsburgh— Stock 7% rental 999 yrs Penn Co.
Special guaranteed betterment stock $2,500,000__
General mtge (now 1st) $4,500,000 gold guar__ Un
Erie Railroad— Common stock $153,000,000 auth____
Second pref stock 4% non-cum redeemable at par..
First pref stock 4% non-cum redeemable at par__
A—Old Bonds Assumed— Roads Consolidated
N Y & Erie 1st M Plerm to Dun ext 1897 gold-.c*
Second mortgage (extended In 1879) gold_____o*
Third mortgage (extended In 1883) gold______o*
Fourth mortgage (extended In 1880) gold........c*
. Fifth mortgage (extended In 1888) gold______ c*
Erie R y 1st M BufT Br Hornellsv to Attica goUl._c*
First consol mtge $30,000,000 gold $ or £__F.c*
N V 1 E 4 West first consol mortgage gold______ o*
M iles
Bonds
STO CK S A N D
Date
Road
(VOL. LXXXXIII.
Amount
Outstanding
Rate
%
59 1906
$1,000
1905 1,000 &c
$750,000
54,000
4g
5g
J A
M A
,TJan 1 1946
N May 1 1955
36
36 1888
1,000
100 Ac
5G
50
1,000
500,000
464,400
497.75C
1,948,300
495,000
4
4
5
4g
,T A
J A
J A D
J A
M &
,TJan 1 1958
406 Lafayette Bldg, Phil
J Jan 1 1958
do
do
15 Junel5 1911 2% Reading Term, Phlla, Pa
.1 J'lj 18 1911 3%
do
do
S Mch 11958
do
do
34 1905
1,000
500,000
5g
M A
N Nov 1 1935
__
165 1897
1901
31 1898
128 1901
133 1901
__ 1905
181 1891
8 1910
34 1884
73 V, ____
73 V, ___
73 K 1860
__ 1863
83 ____
83 ___
83 1890
__ _ .
__ ___
--- —
447 1847
447 1849
447 1853
475 1857
475 1858
60 1861
526 1870
526 1878
Par
Value
BO ND S.
6
When
Payable
Last Dividend
and Maturity
1,000 3.000,000
5 g A A O Oct 1 1947
1,000 2,000,000
5 g A A O Oct 1 1951
1,000
372,000
5 g A A () Apr 1 1928
1,000 2,500.000
5 g J A J Jan 1 1951
1.000 3,000,000
5 g ,r <& J July 1 1951
1,000
240,000
5g j
A J Jan 1 1916-1935
1,000 10,000,000
5 g M A N May 1 1941
See text
6 g A A O Apr 1 1940
1,000
500,000
5 g J A J July 1 1924
50
500,000
M A N Nov 1911
5
500.000
50
7
J A J July 1911
1,000
963.000
4
J
A ,TJan 1 1950
570,000
500
5
A A O Oct 1 2862
50 2,000.000
7
C— M Sept 10 ’ l l 1 y.
50 1.469.450
7
< — M S -pt 10 ’ l l 1H
1,000 4,213.000
3V, g J A J July 1 1940
100 112.378,900
100 16,000,000 See text Semi ann April 1907 2%
100 47.892,400 See text Semi ann April 1907 2%
1,000 2,482.000
1,000 2.149.000
1.000 4.617,000
1.000 2,926,000
500 Ac
709.500
200 Ac
182.400
1,0001 16.891,000
500 ACj 3,699.500
4g M
5g M
4H g M
A
5g
4g J
4g J
7g
M
7g M
A
A
A
A
A
A
A
A
N May 1 1947
S Sept 1 1919
S Mch 1 1923
o Oct 1 1920
D June 1 1928
J July 1 1931
S Sept 1 1920
s Sept 1 1920
Places Where Interest and
Dividends are Payable
Farmers’ L A T Co, N Y
Standard Trust Co, N Y
Guar Tr & S D Co, Phlla
Trust Co of America N Y
do
do
do
do
do
do
do
do
do
do
Nat Bank of Comm, N Y
Broad St Station, Phlla
do
do
do
do
do
do
Union Trust Co, N Y
do
do
do
do
do
do
do
do
do
do
1o
do
do
do
do
do
do
do
do
do
Year ending June 30 1911, gross, $7,632,400: net, $4,222,857; other ln- fourth of $33,300 stook. Lcaso provides for rental by several lines sufficient
eome, $56,416; charges, depreciation, Ac.. $1,179,123: balance, surplus, to pay int. and other charges
Pres., H W. Miller: Sec., C. N. Freeman.
$3.100,15).— (V. 79. p. 2085.)
EAST BROAD TOP RR. & COAL CO. (Pa.)— Owns from Mount Union,
DULUTH MISSABE & NORTHERN R Y — Owns from Duluth to Moun Pa., to Woodvale, Pa.. 31.13 miles: operates Shade Gap HR., 10 m., and
tain Iron, Minn., 77.96 m.: branch from Alborn northwesterly to Buckeye Rooky RR., 4.93 m.; total, 46.06 miles. See V. 75, p. 77. A coal road
Mine, 53 m.; other branches and spurs, 185.59 miles; trackage to Union opened In 1874. Stock, $815,150 (par $50). of which $246,750 Is 6% nonDepot, Duluth, 1.9 m.; total, 318.45 m.; second tracks and sidings, 248.48 cum. pref. First mtge. 4s ($500,000) extended in 1908 to Jan. 1 1958.
m. Also branch, Mesaba to Boulder, Minn., opened Feb. 1911. Owns Second mtge. 4% Income bonds. $464,400, due Jan. 1958, given In 1908
extensive ore docks at Duluth. Entire $4.112,500 stock owned by Lake Su for back Interest from 1885. Car trusts, $42,000: Interest, 6%, due May 1
perior Consol. Iron Mines, and so by U. S. Steel Corp. V. 72, p. 1038.
1918, payable J.-D. Year 1910-11, gross, $250,571; net. $130,834; other
BONDS.— Of the gen. 5s of 1906, bonds arc reserved to retire the under Inc., $4,299; Int. and taxes, $27,558: bal., sur., $107,576. Pres., It. S. Slelying bonds: additional bonds may be Issued at not over $30,000 per mile for bert, Orbisonla, Pa. Office, 406 Lafayette Bldg., Phlla.— (V. 77, p. 145.)
additional single main track and $20,000 for second, third and fourth main
MAHANOY RR.— Owns from East Mahanoy Junction to St.
tracks and for not over 75% of the cost of equipment and Improvements. Nicholas and branches. 10.88 m.; 2d track. 4.64 m.; total track, 21.32 m.
Sinking fund of 2% yearly of outstanding bonds (Incl. bonds in s. f.) retires Re-Icased Dec. 1 1896 for 999 years to Little Schuylkill Nav. RR. A Coal Co.
bonds by lot at 105. V. 88, p. 822.
at 5% on stock, and lease assigned to Phlla. A Reading Ry. Of the stock,
DIVIDENDS paid fiscal years ending June 30: 1904, 150%: 1900,110%; $280,000 was deposited by Reading Co. under Its general mortgage.
1908. 110%: 1909, 145%; 1910, 240%.
..E A S T PENNSYLVANIA RR .— Owns Reading, Pa., to Allentown, Pa.,
EARNINGS.— 2 mos.,/1911______Gross, $2,167,219: net, $1,472,703 35.38 miles, double tracked: all track, 95.34 m. Leased for 999 years
from May 1 1869 to the Phlla. A Reading R R. at a rental of 6% per annum
July 1 to Aug. 31. 11910------- Gross. 4,035,832; net, 3,136.869
For year ending June 30 1911, gross, $10,123,517; net, $6,017,492; other on the stock and nterest on the bonds. Lease assumed In 1896 by the
income, $143,237; int., taxes, Ao., $1,503,480; bal., sur., $4,597,249. In Phlla. A Read. Railway Co. Of the stock, $1,096,700 was owned by Read
ing Co. June 30 1911, $1,092,850 being deposited under gen. mtge. of 1897.
1909- 10. gross. $13,966,426; net, $9,781,615.— (V. 92, p. 261.)
EAST TENNESSEE & WESTERN NORTH CAROLINA RR.— A narrowDUL. R AIN Y LAKE & WINNIPEG RY.— See Dul.WInnlpeg APao. Ry. gauge
road from Johnson City, Tenn., to Cranberry, N. C., 34 m.; also John
DULUTH SOUTH SHORE & ATLANTIC RY.— Operates Duluth to son City to Hampton, Tenn., 15 m., third rail. Controlled by Cranberry
Sault Ste. Marie, 415 miles; “ Soo” Junction to St. Ignace, 43 miles; other, Iron A Coal Co. Stook, $501,900. Dividends, 4% paid in 1908-09: in
133 miles: total, 612 miles. Including 26 miles of trackage.
1909-10, 8%; 1910-11, 9%, and 10% extra, lo r year end. June 30 1911,
C A P IT A L STOCK.— Common, $12,000,000: pref. 6% non-cum., $10, gross, $230,731; net, after taxes, $101,220; other Income, $6,711; Int. and
000,000: par. both $100. Can. Pac. July 1 1911 owned $6,100,000 com. and hire of equipt., $27,689; bal., sur., $80,242. Pres., F. P. Howe, Phlla., Pa.
(V . 82, p. ,5,33, 1379.)
$5,100,000 pref. stock. $3,000,000 Incomes and $15,107,000 consols.
BONDS, Ac.— Abstract first mortgage, V. 45, p. 274.
„ EASTERN KENTUCKY RY.— Riverton to Webbvllle. K y „ 36 miles.
The first consolidated mortgage of 1890 has Interest at 4%, guaranteed Stock, common, $1,697,800; pref.. $1,779,500: par, $100. No bonds.
by Can. Pac., which July 1 1911 held the entire outstanding Issue ($15,107. Bills payable. $34,456; car trusts, $1,569. Year 1909-10, gross, $49,222;
000) In Its treasury as security for Its 4% debenture stock; consols for $4, net, $1,128; other Income, $2,736; deductions, $5,061; bal., def., $1,197.
893,000 are reserved for prior bonds, and additional amounts may be Issued Year 1908-09. gross. $48,859; operating deficit, $2,387.— (V. 90, p. 1362.)
at $20,000 per mile of new lines. Car trust 4 J^s of 1906. V. 82. p. 452. Due
EL PASO & NORTHEASTERN CO.— Owns the El Paso A Northeastern
Canadian Paclflo Ry. June 30 1911 for guaranteed Interest advances, Ry.
from El Paso, Texas, northeast 165 miles, to the Salado coal fields;
$6,320,405: unguaranteed car trusts were $186,213.
controls and operates El Paso A Rock Island Ry., Carrizosa to Santa Rosa,
LATE ST EARNINGS.— (1911............ Gross, $5S4,93S; net, $182,876
128 m.; Alamagordo A Sacramento Mtn. Ry., Alamagordo, N. M., to
2 mos„ July 1 to Aug. 31.\1910______ Gross, 648,402; net, 243,111
Russia, 31 m.; Dawson Ry., Liberty, N. M., to Dawson, 133 m.; total, 457
Deficit after charges, $3,242; against $02,349 in 1910.
miles. Name changed from New Mexico Ry. A Coal Co. In 1905. Operated
as eastern division of El Paso A Southwestern Co., lessee, the western divi
R EPO RT.— Report for year ending June 30 1911 In V. 93, p. 79.
sion u'ln c the El Paso A S.W .RR., El Paso.Tex., to Benson,Arlz.,with br's
Of the tonnage In 1910-11, ores furnished 41%, lumber, Ac.. 24%.
1 he El Paso A Rock Island Ry. was Incorporated In 1902 with $2,500,000
Year—
Cross.
Oper.lnc. Other Inc. Charges.
Bal.,Def.
$946,335 $220,465 stock (of which 6% owned by the El Paso A Northeastern Co.) and $2 500 1910- 11 ........... $3,148,818 $673,726 $52,144
1909-10 ------------ 3.302,147 815,572
49,939
947,336
81,824 000 5% guaranteed 50-year bonds. It has close trafflo agreement with
Chicago Rock Island A Pacific for 999 years. V. 71, p. 1219.
Pres., W . F. Fitch, Marquette, Mich.— (V. 93, p. 407, 791.)
The Dawson Ry. A Coal Co., stock $3,000,000, has Issued $3,000,000
DULUTH WINNIPEG & PACIFIC R Y — Owns entire $2,000,000 stock collateral
trust bonds, which arc guaranteed, principal and Interest, and’ arc
of Duluth Rainy Lake A Winnipeg Ry., Virginia, Minn., north to the Cana
by the stock and bonds ($3,000,000 each) of the Dawson Ry and
dian Northern at International Falls, 98 miles, giving that road access to secured
those of the Dawson Fuel Co. ($1,000,000 each), the latter owning about
Duluth and Two Harbors at the head of the Great Lakes, and Is building from 25,000
acres of coal, mineral and timber lands, being sold In 1905 to the
Virginia to Duluth, 78 miles (contract being let July 1910): also branches Stag Canon
Fuel Co. V. 73. p. 900; V. 74, p. 776; V. 87, p. 1604, 1536.
and spurs for Industrial and mining purposes and docks at Duluth, with val
STOCK.—Stock,
$12,000,000, all of one class. In May 1905 Phelps,
uable sites for terminals. V. 87, p. 1605, 1664; V. 88, p. 563, 623. 882. 1252;
Dodge A Co. Interests, It is understood, acquired entire stock of system.
V. 91, p. 1322. Capital stock auth., $6,000,000; par, $100.
BONDS.—
The
New
Mexico Ry. & Coal Co. coll, trust 5s of 1897 are
SECURITIES.—The first mtge. 4% deb. stock of 1910 Is guar., p. & I., by
the Canadian Northern Ry. Of the $10,500,000 auth. Issue, $4,623,333 secured by the stock and bonds or El Paso A N. E. Ry. of New Mex. ($2,
700,000
of
each),
the
stock
of the El Paso A N. E. RR. of Texas, $300,000
(£950,000) has been sold, $1,525,000 was Issued to retire existing securities,
$2,000,000 Is reserved to retire the Duluth Rainy Lake & Winnipeg bonds (no bonds Issued), and all the stock ($2,500,000) and all the bonds ($1,500,
at maturity, Jan. 1 1916, and the remaining $2,351,667 to be available for 000) of the New Mexico Fuel Co., the latter covering 3,500 acres of coal
further extensions. Ac. On payment ol the D. R. L. A W. bonds in 1916 lands. Of the first and consolidated and coll, trust 5s of 1901, $3,000,000
Its property will be transferred to the company, so that the deb. stock will are reserved to retire the coll, trust 5s of 1897 and $2,000,000 are applicable
become a first charge on 173 miles, the D. R. L. A W. stock in the mean for Improvements and new equipment. V. 74, p. 776.
The bonds of the Alamagordo A Sacramento Mtn. Ry., of the El Paso A
time being vested with the trustees, the National Trust Co. of Toronto and
Rock Island and those of the Dawson Ry. & Coal Co. are guaranteed.
the British Empire Trust Co. V. 90, p 1490: V 91, p. 154, 1322.
The Virginia A Rainy Lake Co., which formerly owned the D. R. L. A
EARNINGS.— 2 mos., /1911.............Gross, $1,067,536; net. $377,282
W . , guarantees the Interest on the latter’s bonds. V. 81, p. 55S. 613. 1848:
July 1 to Aug. 31.
(1910________Gross, 1,187,023; net, 477,945
V. 82, p. 751; V. 84. p. 158; V. 85, p. 1518; V. 89. p. 1279.
REPORT.— For year ending June 30 1911. of entire El Paso A South
EAR NING S.— Of Dul. Rainy Lake A Win. for year ending Dec. 31 1910, western system (901 miles), gross, $7,195,886: net after taxes ($231,544),
gross, $486,561: net over taxes. $152,424.— (V. 90 p 1490; V 91, p. 1574.) $1,828,616. N. Y. oftlco, 99 John St.— (V. 81, p. 508; V. 87. p. 1605.)
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.— Dunkirk,
EL PASO UNION PASSENGER DEPOT.— Owns depot at El Paso, Tex.,
N. Y., to Titusville, Pa., 90.51 miles. Leased to New York Central & which was completed about Nov. 1 1905. Leased by El Paso Northeastern,
Hudson River RR. for 501 years from Jan 3 1873, rental providing Interest El Paso Southwestern, Galveston Harrisburg & San Antonio (So. Pac. Sys.),
on bonds and 1 H% yearly dividend on $1.3OO,OO0 stock, of which $1,179, Atch. Top. & Santa F3, Texas & Pac. and Mex. Cent, railroads on a wheel275 owned by lessee Deo. 31 1910. Operated by the Lake Shore & Mich. age basis providing for maintenance and all charges. Stock authorized
Southern as agent for the lessee since Oct. 1 1901. Bonds, $5,000 000 $240,000: outstanding, $88,800: owned equally by six roads named. Of
(present Issue, $2,900,000), are guar., prln. & Int., by N. Y. C. & H . bonds (see table above), $12,000 mature Jan. 1 yearly, beginning 1916
RR.V.90,p.1490, 848: V.01,p.336, 1327.— (V.90.p. 1490: V.91,p.336, 1327.) V. 78, p. 104; V. 81, p. 1043. Pres., II. J. Simmons; Sec., W. R. Martin*
DURHAM & SOUTH CAROLINA RR.— Durham. N. C., south 30 miles Treas., U . S. Stewart.— (V. 82, p. 1496.)
to Bonsai on the Seaboard Air Line. Stock, $300,000; par. $100. Bonds,
ELGIN JOLIET & EASTERN R Y.— Owns from Waukegan, III., on Lake
see table. Year 1909-10, gross, $62,372; net, after taxes, $32,275; Int., $ 15, Michigan, via Spaulding and Joliet, to Porter, Ind., 129.94 miles and
000; sur., $17,275. Pres., Ernest Williams, Lynchburg, Va.— (V.90,p.l424. ?.IiancAl?s„ ^ or.mantown t0 Aurora, 9.65 m.— Walker to South Wilmington
DURHAM & SOUTHERN RR.— East Durham to Dunn, N. C., 57 miles; III.— 33-30 miles; Hammond to Whiting, Ind., &o., 16.39 miles; Rockdale
Durham to East Durham, 2 miles: total, 59 miles. Stock authorized, Jet. to Rockdale. 6.57 miles; Cavanaugh to Shcarson, Ind., 2.64 m • total
$1,000,000; outstanding, $600,000: par, $100. Bonds, see table above. ma n«J&e«S.wnet1’ 198.49 miles; spurs to coal mines, Ac.. 29.60 miles; ’track
For year ending June 30 1911, gross. $335,621; net, $186,053; int., taxes, age, 268.29 miles; 2d track, 42.52 m.; side and yard tracks owned 141 21
Ac.. S72.992; bal., sur., $113,062. Dividends $144,000 (24%) were paid miles; total track operated, 660.01 miles. Also leases Cldc. L. S. A East
In 19H)-11 from accum. surplus. For year 1909-10, gross, $356,701; net, f o r J u n e 1 1909. and. with the U.S.Steel Corp., guarantees its
$316,096; other receipts, $1,372; charges, Incl. taxes, $44,359; dlvs. (20%), $9,000,000 4H% bonds, p. & 1. V. 89, p. 14io. Owned by Federal Steel
$120,000: bal., surplus. $53,109. Pres., B. N. Duke, N. Y.; Sec., F. L. Co. and so by U. S. Steel Corporation.
Fuller. Office, Durham, N. C.
..S TO C K .— $10,000,000, as Increased from $6,000,000 In June 1909- par.
DURHAM UNION STATION CO.— Owns passenger station at Durham, $100. Dividend, 4% yearly (In Deo.) In 1899 to 1910.
N C., opened May 1 1905 and used by the Southern Ry., Seaboard Air Line
EARNINGS.— 2 mo*..(1911............ Gross, $1,561,513; net. $683,810
Ry.. Norfolk A Western Ry. and Durham A Southern, whloh each own oneJuly 1 to Aug. 31. |1910.............Gross, 1,485.817; net. 426,168
RAILWAY STOCKS AND BONDS.
•m 1911.]
R A IL R O A D C O M P A N IE S
\For a b b r e v ia tio n s , A c . , s e e n o te s o n f i r s t p a g e .
M ile s
R oad
]
E rie R a ilroad (Concluded) —
Buffalo N Y & Erie 1st M (Buffalo to C orn in g)..c*
Buff & S W 1st M gold ext 1908 red 105 gold__xc*
Newburg & N Y 1st M gold extended In 1889-------c*
B— Bonds on Properties Controlled by Ownership
Bergen Co 1st M R ath Jet to RIdgew ext 1 9 1 1 ------Ch & Erie 1st M g (Marlon O to H am 'd I n d )..C e .c *
Ctilcago & Atlantic Terminal first mtge gold_.C e
cGoshen & Dcck’ t ’n 1st & 2d Ms ($60,000 are 2 d ) . .
cMont & Erie 1st & 2d Ms ($40,500 are 2 d ).............
Jefferson 1st & 2d Ms ext In '87 & '8 9 (H ’ daleBr) . . c
1st M Carbon to S depot g ext In '09 red 105-F P.c*
Long Dock Co cons M g (now 1st M) (see t e x t ) ..o *
cN Y & Greenw L prior lien M $ 1 ,500,000 g o l d ...N
&New Jersey & New York 1st M ext In 1910-------o*
General mtge $1,2 0 0 ,0 0 0 (red 105 alter 5 yrs) gold
N Y L E & W C R R 1st M “ lawful money” ..ftlp .c *
N Y L E & W D & I Co 1st M (V 56, p 8 2 )-------F.c*
N Y Pa & Ohio prior lien mtge gold $ or .6 .
-F .c *
Do Leased lines— see separate statements for Cl
N Y Susquehanna & Western— Northern New Jers
C— Erie Railroad Company Bonds
Second mtge on I3uIT
S W gold ext 1908— G.xo
Prior lien bo ds $35,0 0 0 ,0 0 0 g o ld ..................F .c*& r
General lien $ 1 40 ,00 0,00 0 gold.
------ --c*& r
Penn coll trust M $36,000 ,000 g s f (text) Ba.c&r
First oonv mtge $50,0 0 0 ,0 0 0 gold Series A _S .o *& r_
Uo
do
do
Series B ............... ..
Coll tr g notes $12,5 0 0 ,0 0 0 red par-------Ba.xo*&r
Three-year gold notes. ---------- . . . ------------- -B
Avon Geneseo & M t Morris and Rochester & Genesee
Evansville & Indianapolis— See: Evansville & Terre H
Evansville & Terre Haute— See Chicago & East Illinois
Yr. ond. June 3 0 . C r o s s .
N et.
1910-t l _________ $8,053,689 $2,766,056
1909-10 ................. 9 .352,325
3.413,931
Pres., A . F . Banks.— V . 89, p. 1410.
D a te
B onds
$1,000 $2,380,000
140 1876
1,500,000
50 &o
67 1877
250,000
1,000
12 1868
of En tire (•) or a Maj orlty (b) of
200,000
1,000
10 1881
1,000 12,000,000
250 1890
300,000
1,000
1888
246.500
’6 8 -’69
170.500
’6 6 -’67
300,000
500 &o
8 ’6 7 -’ 69
2 ,8 0 0 ,0 0 0
1,000
37 1889
7 ,500,000
1885
1,000
1,471,600
52 1896
100 &c
400,000
34 1880
500 &c
629,500
1892
500 &c
1882
1,000
1,100,000
1883
3 ,3 9 6 .0 0 0
1,000
422 1880
500 &c
8 ,0 0 0 ,0 0 0
evelan d & M ahonlng Valley R R
ey— T loga R R — See e ach compan
67
1895
1895
1895
1901
1903
1905
1911
1911
Valle y Stoc
aute.
C a le n d a r Y e a r —
1910
:::::::::::::
C ross.
$1,217,581
i : i 2 s :o 5 3
C h a r g e s.
S u r p lu s .
$2,341,334
3,06 5 ,5 3 1
$486,242
4 22,856
N et.
3 4 .7 1 2
l n t .,A c .
$169 ,32 0
1 8 5 .1 5 8
B a la n c e .
def.$15d,o43
a c t.
1 5 0 .1 1 4
ELMIRA & WILLIAMSPORT R R .— Owns from W illiam sport, P a ., to
Elmira. N . Y . . 73.49 miles. Leased to the Northern Central R y . for 999
years from M ay 1 1863. The divs. on the com . stock are 5 % and on the
pref. 7 % . less taxes, making dlv. on com . 4 .5 2 % , and on prof. 6 . 3 4 % . The
$963,000 1st 6s duo Jan. 1 1 9 1 0 were extended to Jan. 1 1 9 5 0 a t 4 % . V . 8 9 ,
p. 1667. Calendar year 1910, gross, $ 2,001,618; net, $490,188; rental,
$ 130 ,02 0.— (V . 89. p. 1667.)
ENID OCHILTREE & WESTERN RR.— Projected from Dalhart. Tex
to Ochiltree, 113 miles, of which Dalhart to Victory, 10 miles opened Oot. 31
1910 and some additional grading done. On Dec. 20 1910 H . G. Hendricks,
of Amarillo, T e x ., was appointed receiver, and In May 1911 the Court
ordered the sale of the road. V . 91. p. 1766; V . 92, p. 1374. Stock au th .,
$500,000. of which greater part subscribed and large part paid in. Bonds
authorized, $15,000 per mile, but none apparently sold. Pres., Geo. M .
Peary; Treas., W . B . Slaughter.— (V . 91. p. 1766: V . 92. p . 1374.)
cR IE & PITTSBURGH RR.— Owns New Castle, P a ., to Girard, Pa ;
7 9 .5 6 miles; branch to Erie docks, 3.41 m .; trackage to Erie, 16.74 m .; total
operated, 99.71 miles. Leased to Penn. R R . for 999 years In 1870 at 7 %
on stock and Interest on bonds and lease transferred to Penn. Co. Under
agreement of N ov. 1 1905 the Penn. R R . will provide sinking fund install
ments required by the gen. m tge., t h c E . & P . to deliver Its 3 >3% debentures
at par for such advances and at maturity of the gen. mtge. bonds to ex
change new m tge. bonds therefor. Debentures July 1 1911, $277,015.
S T O C K .— The special betterment stock ($2,500,000 auth.) Is subordinate
to the old stock, but guaranteed 7 % dividends. Dividends oii old stock arc
subject'to a 4-rulll tax on assessed value, on special betterment, tax-free.
E A R N IN G S .— The profit to the lessees In 1907 was $634,366: in 1908,
$90,476: 1909, $217,200; 1910, loss, $ 5 0 ,5 9 5 — (V . 84, p. 749.)
ERIE RAILROAD.— (Sec M a p o n p r e c e d in g p a g e . ) — Embraces trunk
line from Jersey City opposite N . Y . City, to Chicago, 111., 998 miles, and
branches, 1,431 rtillcs; total, 2,429 miles; second track, 943 miles; third
and fourth tracks. 36 miles; total, all main tracks, 3 ,4 0 9 miles.
L i n e s O w n ed In F e e —
M ile s .
L ea sed L in e s —
M ile s .
Plermont, N . Y ., to D u n k irk .. 447 Avon Gen. & M t. Morris............. *13
*10
Buffalo to Jamestown, N . Y . . .
67 Montgomery & Erie..................
Buffalo to Corning, N . Y ----------- 140 Northern R R . of New J e r s e y .. *26
Other branches--------------------------- 144 Goshen & Deckertown.................. *12
*18
S to c k all (a) o r n e a r ly all (b) o w n e d . Rochester & Genessee V a lle y ..
45
aChlcago & Erie R R .......................*250 Other lines_______________________
L e a s e d to N y p a n o R R .—
aJefferson R R ---------------------------*45
N . Y . & Greenwood Lake R R . . *52 Cleve. & Mahoning Valley R R . *81
bNew Jersey & New York R R . *38 Sharon R ailw ay_________________
*32
54
Erie & W yom ing Valley R R ___
59 Other lines_______________________
aNypano R a ilro a d _______________*422 T r a c k a g e ............................................... 256
bTloga Railroad________________
58
Other lines___________
159 Lines In system June 30 191' . .2 ,4 2 9
N . Y . Susquehanna & W estern. *236
* See this com pany.
___________
H IS T O R Y_. -O n Dec. 1 1895 succeeded, per plan in V . 61, p. 368, the
N . Y . Lake Erie & Western R R . Co., sold In foreclosure under Its second con
solidated m tge. The oompany holds In fee or through ownership of all or
practically all the stock of the Independent companies the line from New
York to Chicago (Including the Nypano R R . and Chic. & Erie companies),
and also all subsidiary lines except a few small properties.
C O A L A N D S T E A M B O A T P R O P E R T Y .— The E r i e coal properties rep
resent an aggregate of 12,400 acres of anthracite, of which about 9 ,000 acres
a r e held In fee: also 53,000 acres of bituminous coal lands held In fee, 14,000
acres of bituminous held under mineral rights. Its coal and coke tonnage In
the year 1910-11 aggregated 19,478,808 out of the 37,570,662 tons hauled.
T h e u n lo n Steamboat Line (merged In Erie R R . Co. June 30 1896) has ter
minal, & c., properties In Buffalo and 8 lake steamers. See V . 63, p. 514.
The P e n n , coal properties acquired In 1901 arc additional. V . 82, p . 1322.
S T O C K .— The voting trust was dissolved May 1 1904. V . 78, p. 1549.
The prior lien and the general Hen bonds of 1895 have 10 votes for each
$1,000 of principal, their authorized issues aggregating $175 ,00 0,00 0, of
which $83,724 ,000 issued to July 1911. Provisions of preferred stock were
In "Supplem ent” of April 1897, page 3 .
V . 66, p. 335, 573.
D IV ID E N D S (cash) %1 '0 1 . '0 2 . '0 3 . '0 4 . '0 5 . '0 6 . 1907.
'08 to O c t .’ l l
On first preferred______ V1 H 3 3>$ 4
4
4
A p r., 2
0
On second preferred____ J__ __ - -2
4
A p r., 2
0
B O N D S .— The newfirst consolidated m tge. Is for $175,000,000 (Farmers’
Loan & Trust Co., trustee)— see abstract of deed, V . 62, p. 89, and secures
$35,000 ,000 prior lien and $140 ,00 0,00 0 general lien bonds. Both series
have voting power: see "S to c k ” above.
Of the $140 ,00 0,00 0 g e n e r a l lie n b o n d s, $92,073 ,000 were reserved for the
ultimate acquisition of bonds and guaranteed stocks left undisturbed on
various parts of the system (see list, V . 62, p. 89), and $17,000 ,000 were
reserved for new construction, betterments, additions, & c.. after 1897—
not over $ 1 ,000,000 to he use 1 In anv one vear.
In July 1911 $35,885 ,000
general lien bonds were In hands of public, $12,839 ,000 additional being
deposited under collateral trust netes— sec below.
7
5 g
5 g
Capital S
5
5 g
5 g
6
5
4H & 6
5 g
6 g
5 g
5
5
6 cur
6
4H ?
and Shar
L a s t D iv id e n d
a n d M a t u r it y
J
& D
J
& .1
J
& J
took, or by (c) Lease
A
& O Apr 1 1921
M & N May 1 1982
J
& J July 1 1918
Various 1928 -19 29
Various 1926 -19 27
J
& J
A
& ()
A
& ()
M & N
M & N M ay 1 1940
J
& J Jan 1 1933
M & N M ay 1 1922
&
M &
.1
J
S
P l a c e s W h e r e I n te r e s t a n d
D iv id e n d s a r e P a y a b l e
J P Morgan & Co. N Y
do
do
do
do
50 Church St, New York
do
do
do
do
50 Church St, New York
Fidelity Trust Co. Phlla
50 Church St. New York
J P Morgan & Co. N Y
do
do
do
do
do
do
do
do
do
do
do
do
on R y
y
1,000.000
5 g
3 5 ,000.000
4 g
3 5 ,885,000
4 g
34,0 0 0 ,0 0 0
4 g
10,000,000
4 g
11,015,000
4 g
12,500,000
6 g
4,550,000
, 5fr
ks— See t hose Corapa nles.
$61,520
74,456
W h en
P a y a b le
%
1,000
1,000
1,000
1,000 &c
1,000 &c
1,000 &c
1 ,000 &c
O th er I n c .
$15,777
R a te
A m ou n t
O u ts ta n d in g
P a r
V a lu e
ELIZABETHTOWN TERMINAL RR.— Under construction M ay 1910
from W estport, N . Y . , on the Delaware & Hudson, to Elizabethtown, 8 m .
Stock, $80,000 ; par $100.
Bonds ($150,000 auth.) are subjeot to call at
105 on and after April 1915. V . 90, p. 1362. Pres., G . W . Jenkins.
Elizabethtown, N . Y .— (V . 90, p. 1362.)
ELMIRA & LAKE ONTARIO RR.— Owns from Canandaigua, N . Y . , to
Chemung Jot., 64 m .; Sodus Point to Stanley, 34 m .; other, 2 — total, 100 m .
Leased at cost of operating to the Northern Central, which owns all the
$ 1 ,500,000 stock. Lease m ay be terminated on 30 days’ notice.
io o o i :
[VOL. L X XXXIII.
R A IL W A Y ST O C K S A N D BONDS.
52
& J
& J
& J Jan
F & A Feb
A
& O
& O
A
A & O 8
& O
A
j
,T
J
1918
1996
1996
1951
1953
1953
1914
1914
50 Church S t. New York
New York and London
50 Church S t, New York
do
do
do
do
do
do
New York
The position of the first consolidated mortgage Is substantially as follows:
It is a first lien (mortgage or collateral, the prior lien bonds, however, pre
ceding the general lien bonds) upon the com pany’ s chief coal properties
(except Penn. Coal Co.) upon Its water transportation lines (Including valu
able terminal properties appurtenant thereto), and upon a number of profit
able local lines In New Jersey and near Buffalo; It Is a s e c o n d l i e n upon certain
minor coal properties and upon the railroads leading to all the coal proper
ties, upon the terminals at Jersey City, upon the Buffalo N. Y . & Eric R R .
(the main line to Buffalo), and the Buffalo terminal properties other than
those upon which It Is a first lien, and upon the entire line from Salamanca
to Chicago; It Is a s e c o n d c o n s o l i d a t e d m o r t g a g e upon the linos between Pler
m ont and Dunkirk (447 m iles).
The collateral trust 4s of 1901 are secured by 5 1 % of tho entire N . Y
Susq. & Western stock ($26,000,000 total issue), all of tho Pennsylvania
Coal Co. stock, and the stock of the Erie & W yom ing Valiev R R . , Scranton.
P a., to Lackavvaxen, 65 miles, and Delaware Valley & Kingston R R . A
sink, fund of 10c. per ton of coal sold purchases bonds at not exceeding 105;
otherwise to be applied to the drawing of bonds by lot; all such bonds to be
kept alive and the accruing int. thereon to be added to the sinking fund,
which, it Is estimated, will be sufficient to retire the whole Issue at or before
maturity. V . 71, p. 1219, 1.311: V. 72, p. 44, and circular, p. 136, 5 3 2 ,2 5 7 ;
V. 79, p. 212.
In 1901-11 $ 4 ,5 2 5 ,0 0 0 ,included above as outstanding,w as
purchased by the sinking fund.
The conv. 4s of 1903 ($50,000,000 authorized issue) will bo Issued from
time to time as required and m ay be made convertible Into com . stook at a
price to be fixed when the bonds are Issued, but not less than $41 % per
share; they will cover all the com pany’s property subject to underlying liens.
The first $10,000 ,000 (scries A) Issued for Improvements and equipment Is
convertible on basis of $100 bonds for $200 stock to April 1 1915.
Series B bonds for $ 12,000 ,000 are convertible Into common stock at
$60 per share at any time since O ct. 1 1907 and before O ct. 1 1917. V . 76,
P. 382. 541; V . 78, p. 768; V . 79, p. 2205: V . 84. p. 270.
The Erie & Jersey R R ., with $600,000 auth. stock, completed In Jan. 1909
a low-grade cut-off from Highland Mills via Campbell llall to Guymard.
N . Y ., about 40 miles. In Oct. 1911 $ 4,550,000 3-year 5 % notes wore sold,
secured by $4,000,600 E . & J. bonds (auth. issue $ 1 0 ,000 ,000 1st 50-year 4s)
and $3,000,000 Genesee River 1st M . 4s to retire the $ 3 ,000,000 extended
Erie & Jersey notes due Dec. 1 1911 and maturing notes of Gencsoe River
R R . V . 93, p. 940, 1..22.
In June 1907 the Genesee River R R . was authorized to make $ 6,000,000
m tge. covering road from Hunts to Cuba, N . Y ., 30 miles, completed July
1910. See paragraph next above. V . 84, p. 1366, 1488: V . 81, p. 77Y.
The $12,500 ,000 0 % collateral notes dated April 8 1911 were Issued to
retire the remainder of the notes of 1908 then maturing (see “ R y .& Ind.Seo.”
for. Jan. 1911)
They are secured by deposit of $ 12,839 ,000 Eric “ general
lien” bonds (additional toth e amount shown above as outstanding): $ 985 ,
000 Erie convertible bonds, series " B , ” $336,000 Erie R R . Pennsylvania
collateral bonds, $217,000 Chic. & W est Ind. consol. Is. $95,000 Mutual
Terminal Co. of Buffalo 4 % notes, $0,306,000 N . Y . Susq. & W est. pref.
stock, $163,100 Lehigh & Hudson R Iv. R y . stock and $145,700 Temple Iron
Co. stock. V . 92, p. 594.
C a r T r u s t S e r i e s , G o l d ( D e n o m i n a t i o n $1,000 e a c h ) .
S e e V . 8 8 . p. 882.
D a te
“ H”
" 1”
In te r e s t.
1905 4
'1 9 0 5 4
J& D
J&D
O u ts ta n d in g .
M a tu r e
In
$800,000 D e o .'1 1-J u n e’ 15
3 ,5 0 0 ,0 0 0 D e c . ' 1 1-Junc *16
" j ” ... ............ 1900 4
M&N
490.000 M ay ’ 12-N ov. *16
••K”
* i«)07 4 « A & O
3 48.000 Feb. ’ 1 2 -F c b .'17
“ L ” ................. 1907 5
J&J 1.284.000
To July 1917
“ M”
"
'1 9 0 7 5
J&J 3 4 8 ,0 0 0
T o J uly 1917
“ N”
19 07 5
A&O
1 ,9 2 4 ,0 0 0 A p r . '1 2 - O c t . '1 7
I n s ta llm e n ts.
$100,000 s .-a .
3 5 0 ,0 0 0 s .-a .
47.000 s.-a .
29,000 s .-a .
107,000 s.-a .
2 9 ,0 0 0 s .-a .
1 5 2 ,0 0 0 s .- a .
" O ” ..................1907 5
A & O 600.000
To Oct. 1917
50.000 s .-a .
••P” .............
5
Q .-F .
233,419
To Aug. 1912
.........................
In July about $5,000,000 4 1 4 % equipment notes were reported at) sold.
V . 93. p. 163.
Interest paid: “ J” and " L ” In New York: Scries ” H ” at Girard Trust
C o., Philadelphia; Series " I ” at Penn. Co. for Insurances on Lives, * c . ,
Phlla.; Series " K ” at National Bank of Commerce, New York; Scries " M ”
at Girard Trust Co.. Phlla.: Series " N " at firs t National Bank. New Y ork;
Series “ O” at Central Trust C o., New York.
' „
. _
L o n g D o c k 0 s , sec March 1894 “ Supplement, under N . Y . L. E . A W .
F IN A N C E S .— During the year ending July 1 1909 maturing oompons
to a total of about $ 6 , 0 0 0 , 0 0 0 were purchased on behalf of the company by
J. P. Morgan & Co. In order to place the road In position to complete needed
Improvements and additions. Tho coupons so purchased wore pledged with
other collateral to secure about $ 1 4 , 0 0 0 , 0 0 0 of.6 % n°tes due April 8 1911.
These notes were paid at maturity In 1911 and $12,500 ,000 new 6 % notes
were Issued (see "B o n d s ” above),w ithout the coupons,as part collateral.
The financial plan as originally contemplated in 1908 called for the creation
of a large car trust and the Issuance of $30,000 ,000 bonds to take up the firstnamed note Issue and to fund coupons maturing on the prior lien bonds and
general lien bonds during the five years ending June 30 1014. V 89, p. 1080;
V . 87, p . 1245; V . 8 8 , p. 504, 8 53, 882, 1061, 1127. In O ct. 1911 sold $ 4 ,
550,000 5 % notes to retire maturing obligations. See above.
Bergen Hill cut was opened Juno 12 1910: also cut-off from H ants to
Cuba, N . Y ., 30 miles, In July 1910. V . 90, p. 1613.
E A R N IN G S .— 2 m os., (19 1 1 ............. Gross, $ 10,287 ,757 ; net, $3,188,092
July 1 to A u g. 31 .
11910_______ Gross,
10.003.780: net.
3 ,185,724
A N N U A L R E P O R T .— Fiscal year ends June 30.
Report for 1010-11
given at length In V . 93, p. 1015, 1032; editorial, p. 1 0 7 4 .
.
1910-11.
1909-10.
1908-09.
2.265
2,227
2,231
Miles operated__________________
Gross earnings__________________________ $50,049,908 $54,866 ,190 $50,441,162
Working expenses______________________ 40,245,301 3 9,065,572 3 0 ,904,285
Net earnings.......... .................................. $10,404,607
$15,800 ,618 $13.&8Al87ft
OOT., 1911. J
M ilo s
R oad
R A IL R O A D CO M P A N IE S
[E a r a b b r e v ia tio n s , & c ., s e e n o tes o n f ir s t p a g e ]
F it c h b u r g — Preferred 5 % ren tal B on d s
B ond s
B on d s
B on d s
B onds
53
R A IL W A Y STO CK S AN D BONDS.
not m o r tg a g e ___________________________________c*
not m ortgage ( 5 1 ,3 5 9 ,0 0 0 d ue 1 9 1 5 ) _______ c*
not m o rtgage ( 5 2 ,7 5 0 ,0 0 0 arc 4s of ’ 97 )
*
not m tg c ( 5 1 ,7 7 5 .0 0 0 are 3 44s of ’ 01) .
n ot m o rtgage 5 2 ,0 0 0 ,0 0 0 a u th o r iz e d .
B ond s 5 1 ,3 5 0 ,0 0 0 a u th o r ize d .
Flint & Perc M a r q u e tte — See Pere M arq u e tte s t a te m ’ t
F lo rid a R y — First m ortgage 5 4 , 0 0 0 , 0 0 0 -------------F lo rid a C en tra l— M tgc 5 2 0 0 ,0 0 0 gold (see te x t) .
T h ird m o r tg a g e ---------------- ---------- ---------------------------Florida Central & P en in su la r— .See S ea b o a rd A ir Id n c
Florida F a st C o a st— 1st M 5 1 2 ,0 0 0 ,0 0 0 g . . B a .x o * A r *
General In com e M 5 % n o n -c u m 5 2 5 ,0 0 0 ,0 0 0 ______
Florida W e s t Shore— See S eab oard A ir L in e.
Fon d a J o h n sto w n & (ilo v e r sv ille — C ons M $ 5 0 0 ,0 0 0 ..
F irst oonsol refu n d in g m tg e 5 7 0 0 ,0 0 0 g o ld _ _ N .o
General refund m tg e 5 1 ,5 0 0 ,0 0 0 ( V 7 1 , p 3 4 ) . N , c
J ohn stow n G & ICIngsboro 1st m tg c a ssu m e d ______
O a y a d u tta E lec 1st M guar p & I b y F J A O g o l d . . N
First cons gen ref M 5 7 ,0 0 0 ,0 0 0 gold red 120 N .c * A r
Ft
D es M & S o - l s t M 5 3 , 5 0 0 , 0 0 0 g red 1 0 5 (t c x t )O B
R e fu n d in g m tge 5 0 ,5 0 0 ,0 0 0 gold red par (te x t) . . A B
F o r t Smith & W e s te r n — 1st M 5 7 ,5 0 0 ,0 0 0 g o ld .ftle .c *
Fort Street Union D e p o t— 1st M g o l d . . ------- -------------Cc
M ortgage (p art 1st an d p art 2d M) g o ld ____ _____ Cc
F o r t W a y n e & J a c k so n — P referred sto ck 5 4 4 % ren tal
D
1 9 1 0 -1 1 .
In te r e st on securities
________________ 5 3 ,1 8 3 ,7 7 4
R e n ts, A c ., re c e iv e d ...................... ...............
7 5 7 ,2 8 8
Date
B on d s
Par
Value
Am ount
Outstanding
5 1 0 0 5 1 8 ,8 6 0 .0 0 0
1 8 87
1 ,0 0 0
5 ,0 0 0 ,0 0 0
1 8 90 1 ,0 0 0 A c
5 0 0 ,0 0 0
___
1894
1 ,0 0 0
5 0 0 ,0 0 0
___ '9 5 -9 6
1 ,0 0 0
1 .8 5 9 ,0 0 0
'9 7 -9 8 1 ,0 0 0 A c
4 ,2 0 0 ,0 0 0
’ 0 0 -0 1 1 ,0 0 0 A c
2 ,2 7 5 ,0 0 0
19 07 1 ,0 0 0 A c
2 .0 0 0 ,0 0 0
___
1 9 05 1 ,0 0 0 &c
3 ,6 6 0 ,0 0 0
1 9 0 8 1 ,0 0 0 A c
2 ,4 0 0 .0 0 0
--See t e x t
3 5 1 8 74 1 ,0 0 0 A c
5 7 3 ,0 0 0
___
1891
1 .0 0 0
1 0 0 ,0 0 0
___
19 03 1 ,0 0 0 A c
7 7 2 ,0 0 0
1 ,0 0 0
3 0 1 9 07
1 5 0 ,0 0 0
59
47
47
1 9 09
19 07
1 9 10
100
1 0 ,0 0 0
1 ,0 0 0
S ee t e x t
2 0 0 ,0 0 0
3 0 0 ,0 0 0
Ry
619
...
1 9 09
19 09
1 ,0 0 0 A c
1 0 .0 0 0 ,0 0 0
2 0 ,0 0 0 ,0 0 0
1881
1897
1900
1893
1 8 92
1 9 02
1 9 07
1907
1904
1891
1895
100 &c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100 A c
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
2 0 0 ,0 0 0
5 0 0 ,0 0 0
8 0 0 ,0 0 0
5 0 ,0 0 0
3 5 0 .0 0 0
5 ,1 5 0 ,0 0 0
3 ,0 0 0 ,0 0 0
2 ,7 7 3 ,0 0 0
6 ,2 4 0 ,0 0 0
1 ,0 0 0 ,0 0 0
3 1 2 ,0 0 0
2 ,2 9 1 ,4 1 6
26
26
26
4
14
75
163
163
___
___
98
1 9 0 9 -1 0 .
5 3 .5 2 7 ,0 9 1
8 0 6 ,9 2 9
R ate
%
W h en
P a ya b le
5
Q— J
M A N
J
D
M
N
V ariou s
V ariou s
A
O
A
A o
M A N
M A N
4
4
444
4
4
344
4
4
444
7
5
3 44
0 g
5
6 g
6
A
A
A
Last D ividen d
and M a tu r ity
O c t 1 ’ l l 1 4 4 % O ffice, B osto n A M e .B o s t
Feb 1 1937
O ffice F it e h b u r g R R .B o s t
Jun e 1 1 9 2 0
do
do
M a y 1 1 9 14
do
do
1 9 1 5 and 1 9 16
do
do
do
do
1 9 2 7 -1 9 2 8
O ct 1 1 9 2 0 -2 1
do
do
A p r 1 1 9 27
do
do
M a y 1 1 9 25
do
do
M ay 1 1928
do
do
J
J
M
J
A
A
J
M
A J J u ly 1 1 9 5 9
A N N o v 1 1 9 1 1 -1 4
A
A
&
J J u ly
D Dec
N M ay
J J u ly
1
1
1
1
1 9 24
1911
1 9 23
1937
A
A
A
A
A
A
A
A
&
A
A
A
do
do
do
O w n ed b y A t l B
do
do
do
A CPstCo
O A pr 1 1940
A
444 g J
D
4 % pd N o v 1 ’ l l J u ly 1 1 9 5 9
6
A
444 g J
4 g
.)
6
J
6
A
4 44 g M
5 g
J
5 g
A
4 g
A
444 g J
5 g
J
M
544
P l a c e s W h e r e I n t e r e s t and
D iv id e n d s a r e P a y a b le
O Apr
J J u ly
J J u ly
J J u ly
O O ct
N N ov
J Ian
O Apr
o Apr
J Jan
J J u ly
s S ep t
1
1
1
1
1
1
1
1
1
l
1
1
19 21
1 9 47
1950
1913
1922
1 9 52
1 9 32
1 9 37
1 9 54
1941
19 15
1911 2 H
N ew Y ork
Im p A T ra d N a t B k . N Y
N e w Y o r k T r u st C o , N Y
do
do
tpolltan T r C o , N Y
ers’ L & T r C o , N Y
y o r k T r u st C o, N Y
’0 8 coup last p aid
fau lt
9 0 7 cou p last paid
' ~
C o. N Y
do
N Y
1 9 0 8 -0 9 .
5 2 ,5 3 7 ,4 5 1
7 3 8 ,5 5 2
Incl. eq u ip m en t; c o st In cash rep orted as 5 5 9 ,7 7 4 per m ile.
F ollow ed b y
5 2 0 .0 0 0 ,0 0 0 2n d m tg e . In com e bonds and 5 5 ,0 0 0 .0 0 0 sto c k .
D l v . on in co m es, 3 4 4 % . p aid N o v . 1 ’ 10 ; N o v . 1 9 1 1 , 4 % . V . 9 3 ,
730.
T o ta l net I n c o m e .______ ______________ 5 2 0 ,3 4 5 ,6 6 9 5 2 0 .1 3 4 ,6 3 8 5 1 6 ,8 1 2 ,8 7 9
In te rest on b o n d s ______________
5 9 ,7 4 9 ,8 0 1
5 9 ,6 6 9 ,7 3 3
5 9 ,7 1 4 ,1 6 1
in te re st on collateral n o te s ____________
7 4 7 ,0 3 9
7 9 3 ,9 8 8
5 2 0 ,3 2 7
R e n ta ls o f leased lin es__________________
9 9 8 ,8 6 8
9 8 3 .5 8 7
9 8 0 ,6 4 6
Illr o o f eq u ip m en t an d jo in t facilities
1 ,9 9 1 ,6 5 6
1 ,5 9 7 ,0 6 0
1 ,1 7 9 .0 5 0
5 0 9 ,7 1 6
In te r e s t on car tru sts ___________________
7 3 3 ,1 6 4
5 9 8 ,8 5 2
P en n . C oal C o. sin k , fu n d an d m lsc .
9 5 8 ,1 7 7
6 4 3 ,3 8 8
7 7 9 ,3 7 3
A d d itio n s an d i m p r o v e m e n t s ...............
1 ,3 3 9 ,7 3 7
3 8 1 ,9 2 7
7 3 7 ,0 8 7
E A R N I N G S .— 2 m o s . , / 1 9 1 1 ...................... ........G ross, $ 4 4 2 ,1 7 8 : n e t. $ 2 2 ,5 1 5
J u ly 1 to A u g . 3 1 .
\ 1 9 1 0 ________________ G ross,
3 9 0 ,0 1 4 : n e t,
2 8 ,5 5 1
For 3 m o s. en d ing S e p t. 3 0 1 9 1 0 , gross, 5 5 8 3 ,6 4 2 ; n e t. 5 5 0 ,6 0 4 ; i n t .,
ren ta ls, ta x e s , A c ., 5 1 6 3 ,2 8 3 ; b a l.. d e f ., $ 1 1 2 ,6 7 9 .
5 5 ,0 6 9 ,4 5 6
5 2 .5 6 5 .7 1 7
B alan ce , s u rp lu s......................................... 5 4 ,0 5 0 ,6 7 5
O F F I C E R S .— P r e s ., F . D . U n d erw o o d : V . - P . an d G e n . S olicitor, G . F .
B ro w n e ll; V . - P . , G . A . R ich ard son ; S e c ., D a v id B osn ian ; T r c a s .. D . VV.
B Igon ey; C om p troller, C . P . C raw ford , 5 0 Church S t .. N e w Y o r k .
D I R E C T O R S .— C h a s. S te e le , J . J . G o o d w in , J oh n G . M cC u llou gh ,
O gd en M ills F . D . U n d e r w o o d , G . A . R ich ard son , F ran cis L y n d c S te tso n ,
G e o . F . B ak er. N o rm a n B . R e a m , C harles A . P e a b o d y , E . I I . G a r y , G eo.
W . P erk in s, It. S . L o v e tt , L . F . L oree, W in . P . H a m ilto n .— ( V . 9 2 , p . 4 0 0 ,
5 2 0 , 5 9 4 . 7 2 5 , 9 5 6 , 1 4 9 9 ; V . 9 3 , p . 4 4 , 1 0 5 , 1 6 3 , 5 8 7 . 9 4 0 , 1 0 1 0 , 1 0 2 2 , 1 0 3 2 .)
EVANSVILLE & TERRE HAUTE RR.— S ee C hicago & E astern Illinois
R E P O R T .— 1 9 0 9 -1 0 , V . 9 1 , p . 1 2 4 2 .
R e su lts I n c l .- E v . & I n d ., total,’
3 1 0 m iles.
Y ea r e n d in g J u n e 3 0 —
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
O p eratin g rev e n u e _____________
. 5 2 ,5 9 9 ,0 6 5
5 2 .4 7 1 ,1 7 5
5 2 ,0 9 3 ,9 9 7
O p eratin g Income after t a x e s .
8 2 8 ,2 7 0
6 6 1 ,8 9 1
.
7 2 5 ,8 4 3
T o t a l n et In com e________________
.
8 8 0 ,4 6 7
9 8 6 ,8 7 2
7 7 7 ,8 7 4
in te re st a n d r e n ta ls____________
5 9 7 ,1 8 9
.
5 9 6 ,8 0 9
6 0 2 ,7 5 8
D ivid e n d on preferred ( 5 % ) .
.
6 1 ,2 0 0
6 1 ,2 0 0
D iv id e n d on c o m m o n ................................... (5) 1 9 9 ,1 0 5
(5) 1 9 9 ,1 0 5
(4 ) 1 5 9 ,2 8 4
01,200
B alan ce
--------- ------------------------------- su r 5 2 3 ,3 5 3 s u r 5 1 2 9 .3 7 8
— ( V . 9 2 . p . 1 3 7 4 ; V . 9 3 , p . 2 2 9 , 4 0 7 .)
d e f5 4 5 .3 6 8
FITCHBURG RR. —
S y ste m ex te n d s from B o sto n , M a s s ., to T r o y and
R o tte r d a m , N . Y . , 25 1 m iles; b ranches to W o rc ester, B ellow s F a lls, A c .,
2 0 7 m .; 4 5 8 m . In a ll. of w hich 5 9 m . (F itch b u rg to Greenfield) leased from
V e r m o n t A M a ss, an d 5 m . oth er c o s .: secon d tra ck 19 9 m .
V . 8 4 . p. 1360.
L E A S E .— L eased tor 9 9 years from J u ly 1 1 9 00 to B osto n A M ain e for 5 %
ou p ref. and 1 % on c o m . sto c k , organ ization ex p e n se s, In t. on b on d s, ta x e s,
ex p e n se s of m a in te n a n c e. A c .
B o sto n A M ain e h olds 5 5 ,4 5 1 ,4 0 0 o f the
5 7 ,0 0 0 ,0 0 0 c o m m o n sto c k , th e rem aind er b ein g In the tre a su ry .
V 70.
p. 7 6 . 125, 176, 5 8 3 , 1291; V . 7 1 , p . 2 9 , 5 4 3 ; V . 7 2 , p . 53 2.
B O N D S , A c .— D e b en tu re s, see V . 6 0 , p . 9 0 7 ; V . 8 4 , p . 1 5 8 , 2 7 0 .
The
stock h o ld ers on S e p t. 2 7 1911 au th orized 5 1 ,3 5 0 ,0 0 0 bond s to retire the
5 1 0 0 .0 0 0 bonds due D e c . 1 an d to provide for a d d ition s an d Im p rove m e n ts.
V . 9 3 , )). 7 3 0 .
O n J a n . I I 1911 5 4 0 0 ,0 0 0 p ref. stock w as sold ; this Increased
t h e a m o u n t to 5 1 8 ,8 6 0 ,0 0 0 .— ( V . 9 1 , p . 7 1 6 , 8 7 0 ; V . 9 3 , p . 7 3 0 ) .
FITZGERALD OCILLA & BROXTON RR.— O w n s B r o x to n to O c llla ,
G a . , 2 5 m iles, w ith branch to F itzgerald , 5 in .; leases O cllla to Irw tnvllle
10 m .
V . 8 4 . p. 1 5 5 1 .
S to c k , $ 3 0 0 ,0 0 0 , all o u tsta n d in g , par 5 1 0 0 , of
w hich th ree-fou rth s, together w ith all the $ 1 5 0 ,0 0 0 ou tsta n d in g b o n d s,
are ow n ed by the A tla n t a B irm in gham A C oast C o .
V . 80 . p. 41.
In 1909 a p rote ctive c o m m itte e tor securities o f A tla n ta Birin. A A tla n tic
R R . requested d ep osits o f b oth sto ck and b on d s.
V . 88 , p. 1196.
In
M o ll. 1 9 10 II. M . A tk in so n w as a p p o in ted receiver.
V . 92. p. 72 5.
Y e a r ending Ju n e 3 0 1 9 1 0 , gross, 5 5 0 ,9 3 1 ; o p . d e f ., 5 2 ,2 0 9 ; in t. on b on d s,
5 7 ,9 8 0 ; b a l., d e f., 5 1 0 ,2 4 9 .
V . 85, p. 468.
P r e s., H . M . A tk in so n ; T r e a s.,
I I . M . M ila m .— ( V . 8 9 , p . 4 1 : V . 9 2 , p . 7 2 5 .)
FLORIDA RY.— -P erry to L iv o O a k , F la ., 5 2 m iles; w ith b ranches, 7 m .
A u th o riz e d to build from T allah asse e to F crn an d in a am i J a ck son ville , 2 2 4
m iles.
E x ten sio n s were under con stru ction In J a n . 1911 from L iv e O ak
to Jack son ville an d F crn an d in a, 104 m iles.
S to c k a u t h ., $ 4 ,0 0 0 ,0 0 0 ; par
5100.
B onds (5 4 .0 0 0 .0 0 0 a u th . Issue) are su b jec t to call a t 106 on a n y in t.
d a y after J u ly 1 19 14 ; th e y will be Issued a t 5 2 0 ,0 0 0 per m ile.
M o n e y to
FLORIDA CENTRAL R R .— O w n s T h o m a s v llle , G a .. sou th throu gh
tim b er lands to F an lew , F la ., 4 7 m iles; c o m p leted 1 9 0 8 .
C ontrolled b y
J . L . P hilips A C o.
S to c k , 5 5 0 ,0 0 0 : p ar, $ 1 0 0 .
B on d s of 19071 m ature $ 8 0 ,-
I LORIDA EAST COAST RY.— O w n s from J ack so n v ille , F la ., v ia S t .
A u g u stin e to K n ig h t ’ s K e y , 4 7 6 m .; branches, 9 5 in .; tra ck age, 13 m .; to ta l,
583 m .
C om p leted to M iam i In 1 8 95 and h as sin ce been In su ccessfu l op era
tio n .
Is under con stru ction from K n ig h t’s K e y sou th w ard to K e y W e s t ,
4 5 m ., an d will b e co m p leted b y J a n . 1 9 1 2 , form in g th e o n ly c on n ection to
S outhern and E astern Florida and thence to C u b a for th e A tla n tic Coast
L in e, S outhern R y . an d S eab oard A ir L in e.
T h e p roposed car ferry b e
tw een K e y W e s t and C ub a (90 m .) will p erm it rapid throu gh service in place
of tra n ssh ip m en t an d a lon g ocean v o y a g e .
In S e p t. 1911 c on tracts had
been let for exten sion s from M a y to w n to W h ittie r , F la ., an d L ak e O k eech o
b ee, w ith a branch to F t . B a ssin g e r o n the K issim ee R iv e r , a to ta l of 135 m
to be c om p leted w ithin 3 yrs. a t c ost of $ 1 ,5 0 0 ,0 0 0 or m ore. V . 9 1 , p . 1 6 2 9 .
S to ck .— 5 5 ,0 0 0 ,0 0 0 . o f w hich 5 3 ,0 0 0 ,0 0 0 sold a t p ar an d 5 2 .0 0 0 ,0 0 0 ad
d ition al su bscribed fo r a t par Is p a y a b le as required for co n stru c tio n d urin g
1911,
C ontrolled b y H en ry M . F la gler.
fie n d s, A c . — T h e 1st M . 4 4 4 s ( 5 1 2 ,0 0 0 ,0 0 0 a u th ., 5 1 0 ,0 0 0 ,0 0 0 sold In
J u n o 1 9 0 9 — V . 8 8 . p . 1620) are a flrst lien on 6 1 9 m iles at 5 1 6 .1 5 0 a m ile.
p.
R E P O R T .— F or y e a r en d ing Jun e 3 0 1 9 1 0 ( V . 9 1 , p . 1 5 0 8 ).
In 1 9 1 0 -1 1 ,
g ross, 5 4 .1 8 3 ,3 8 4 ; n e t, $ 1 ,5 7 9 ,6 7 4 .
In 1 9 0 9 -1 0 . gross. $ 3 ,6 8 7 ,4 3 4 ; n e t.
5 1 ,4 8 1 ,6 2 1 ; In t., ta x e s , ren ta ls, A c ., $ 6 7 0 ,0 3 8 ; In t. on Incom e b o n d s. $ 7 0 0 ,
0 0 0 (3 4 4 % ) . less h it. on d ep osits ( $ 2 ,3 4 1 ) , $ 6 9 7 ,6 5 8 ; b a l., s u r ., $ 1 1 3 ,9 2 5 .
P res, and G e n . M g r ., J . R . P a r r o tt.— ( V . 9 3 , p . 7 3 0 .)
FONDA JOHNSTOWN & GLOVERSVILLE RR.— O w n s F o n d a to
N o rth v lllc (s te a m ), 2 5 .4 7 m .; G lovcrsvlllc to S ch en ec ta d y (electric), 3 2 .2 6
m .; G loversvllle to F o n d a (electric), 8 .7 0 m .; A m ste r d a m to H a g a m a n
(elec tric ), 3 .8 6 m .; B elt line In G loversvllle (electric), 3 .8 4 m .: secon d tra ck
(electric), 2 1 .2 4 m iles.
O p erates u nder lease branch line B road alb in J e t .
to B road alb in , 6 .1 5 m . (s te a m ); also local line G loversvllle to J o h n sto w n
•, 1 0 s
sidings and tu rn o u ts. 1 2 .7 3 in .; to ta l, 9 6 .5 2 m iles of road
( 1 1 8 .3 3 m iles o f tra c k ), o f w hich 9 7 .6 7 on p riv a te r ig h t-o f-w a y an d 2 0 .0 6
m iles on streets an d h igh w ays.
S to c k , c o m m o n , 5 2 ,5 0 0 ,0 0 0 ; p r e f., 6 % c u m ., 5 1 ,0 0 0 ,0 0 0 , su b je c t to call
at
au th orized F e b . 1 9 0 9 . o f w hich $ 5 0 0 ,0 0 0 sold A p ril 1 9 0 9 .
V . 88.
p. 883.
D lv s . on p r e f., 1 4 4 % q u a r. Jun e 1909 to S e p t. 1 9 1 1 , in cl. ( Q .-M .
1 5 ).
O n c o m ., flrst d iv .. 2 % , p aid J u ly 2 0 1 9 1 0 ; J u ly 10 1 9 1 1 , 2 % .
P ar
of all sto c k . 5 1 0 0 .
Ow n3 entire 5 1 0 5 ,0 0 0 stock o f C oal C o. o f F u lto n C o . and sto ck o f E d iso n
E lectric L ig h t & P ow er C o.
( V . 7 1 , p . 1 1 6 7 ).
V . 78. p. 29.
A ls o a tw o thirds Interest In sto ck an d bon d s o f A d iro n d a ck L ak es T raction C o ., 4 m ile s.
B O N D S .— C on sol. 4 44s, 5 7 ,0 0 0 ,0 0 0 a u th .: 5 1 ,8 5 0 ,0 0 0 Is reserved to re
tire prior liens.. V . 7 6 , p . 2 6 5 .
In M ch . 1911 5 4 6 3 ,0 0 0 con sols w ere sold
for Im p r o v e m e n ts, m ak in g 5 5 ,1 5 0 ,0 0 0 o u tsta n d in g .
V . 9 2 , p. 26 1. 725
956.
G u arantees 5 3 0 ,0 0 0 G loversvllle A B road alb in 5s and $ 5 0 ,0 0 0 J o h n s
tow n G lo v . & K . H orse R R . 6s an d $ 5 0 ,0 0 0 8 % sto c k .
E A R N I N G S .— 2 m o s .,J 1 9 1 1 ......................... G ross, $ 1 9 0 ,2 6 2 ; n e t, $ 1 1 9 ,1 4 8
J u ly 1 to A u g . 3 1 .
\ 1 9 1 0 ......... ............... G ross,
1 9 3 ,1 4 9 ; n e t,
1 1 9 ,1 1 6
R E P O R T .— R e p o r t fo r ye ar en d in g Ju n e 3 0 1911 In V . 9 3 ,
793,
sh o w ed : G ross, 5 9 4 6 ,3 6 6 ; n et, $ 5 0 3 ,9 0 0 ; other In com e, $ 3 1 ,0 3 4 : c harges,
5 4 0 0 ,6 3 0 : p ref. d iv . ( 6 % ) , $ 3 0 ,0 0 0 ; c o m m o n d lv . ( 2 % ) . $ 5 0 ,0 0 0 ; b a l..
su rp lu s, $ 5 4 .3 0 4 .— ( V . 9 2 , p . 2 6 1 , 7 2 5 , 9 5 6 ; V . 9 3 , p . 7 3 0 , 7 9 3 .)
p.
FORT DODGE DES MOINES & SOUTHERN RR.— O w n s or c on trols
road from Des M oin es, l a . , to F ort D o d g e an d exten sion s to R o ck w ell C ity
an d N e w to n , w ith 7 -m lle branch to A m e s and local lines In F o r t D o d g e and
A m e s , all eq u ipp ed for steam service, an d th e m ain line betw een D es M oin es
an d F o r t D o d g e , w ith b ranch to A m e s , a to ta l o f 9 0 m iles: also w ith electric
pow er for passenger service.
V . 8 5 . P . 9 8 , 1 2 0 9 ; V . 8 7 . p. 14 2 0 ; V . 8 8 . p . 1 0 1 .
O n Jun e 6 1 9 10 P residen t H o m e r L orln g an d P arley Sheld on o f A m e s , l a . ,
w ere a p p o in ted receivers.
V . 90 . p. 1554.
In F e b . 1911 receivers were ordered to sell p a rt o f road from N c w t o * to
D es M oines J e t .. 3 0 m iles; If n o t sold w ithin 9 0 d a y s , an a p p lication to b e
consid ered for Its a b a n d o n m e n t. V . 9 2 , p . 3 9 4 . In O c t. 1911 5 7 2 0 ,0 0 0 re
c e iv e r ’s certs, w ere au th orized to retire $ 5 0 0 ,0 0 0 certs. Issued M c h . 2 0 1911
and p rovid e $ 2 2 0 ,0 0 0 for Im p rove m e n ts, Including $ 1 2 0 ,0 0 0 for th e e x te n
sion from A n k e n y to Des M oin es, V . 9 3 , p . 1 0 2 2 .
S T O C K .— C om m o n sto ck a u th . an d o u tsta n d in g , $ 2 ,0 0 0 ,0 0 0 ; p r e f., 5 %
n o n -c u m ., 5 1 .2 0 0 .0 0 0 , all issu ed .
T h e bond s cover 3 ,2 1 8 acres coal la n d s.
V . 8 5 , h . 9 8 ; V . 8 7 , p .1 4 2 0 .
C ou p on s are In d e fa u lt.
Y e a r 1 9 0 9 -1 0 , gross,
5 4 5 8 ,0 2 1 ; net In com e. 5 1 1 3 ,6 4 9 : In t., ta x e s , A c ., 5 1 5 5 ,1 6 1 ; b a l., d e f .,
5 4 1 ,5 1 2 .— ( V . 9 2 . p. 3 9 4 , 1 2 4 2 ; V . 9 3 , p . 1 0 2 2 .)
FORT SMITH & WESTERN RR.— O p erates F o r t S m ith , A r k ., to G u th
rie, O . T . , 2 1 0 m iles, o f which C oal C reek, I . T . , to G u th rie, 190 m , Is
ow n ed and F t . Sm ith to Coal C reek, 2 0 m .. Is K a n sa s C ity S ou th e rn track
a g e , to be replaced b y c o m p a n y ’s ow n ro a d .
C oal properties are d evelop ed
a t M cC u rta ln , l . T . , 4 0 m . w est o f F ort S m it h , p rodu cing an a ve ra ge o f
3 0 ,0 0 0 tons per m o n th .
O w n s 5 1 % o f th e cap ital sto ck of th e S t . L ou is E l
R e n o A W e s t . R y ., G u th rie to E l R e n o , O . T , 4 2 m ., op er. In d ep en d e n tly .
In N o v . 1 9 1 0 secu rity holders w ere p r iv a te ly ask ed to d eposit their h old
ings for 3 years w ith a c o m m itte e con sistin g of W . L . B row n , A . W . M e llon ,
C olgate H o y t . W . I I . C on n iil, W . G . M ath e r, J . J . S u lliv a n , G e o . S . R u sse ll,
J am es I I . H o y t , S . I I . T o lie s, C . C . B olton an d A . C . D u stin (S uperior S a v
ings & T ru st C o. of C leve lan d , d e p o sito ry ), w ith p ow er to sell or ex ch an ge
th e sa m e , A c .
V . 9 1 , p. 1446: V . 9 2 , p. 52 7.
S to c k , $ 5 ,0 0 0 ,0 0 0 , all ou tsta n d in g ; par $ 1 0 0 .
O f th e 4s o f 19 04 ( $ 7 ,5 0 0 ,
0 0 0 a u t h .) , $ 5 ,8 3 3 ,0 0 0 w ere Issued In ex ch a n g e for 5 5 .0 0 0 ,0 0 0 old 5 s,
$ 4 0 0 ,0 0 0 arc reserved to replace th e 2 0 m iles o f tra ck age m en tion ed a b o v e .
$ 4 0 0 ,0 0 0 for e q u ip m e n t, an d th e b alan ce for other p urp oses.
E q u ip m e n t
tru st n otes ou tsta n d in g June 3 0 1 9 1 1 , 5 3 7 6 ,5 2 2 ; loan s and bills p a y a b le,
$ 3 6 8 ,0 0 0 .
V . 77, p. 88.
E A R N I N G S .— 2 m o s ., 1 1 9 1 1 ......................... G ross, $ 1 0 6 ,4 5 6 ; n e t, $ 1 2 ,8 1 4
Ju ly 1 to A u g . 3 1 1 1 9 1 0 ................. ........G ross,
1 1 0 ,4 3 8 ; n e t ,
1 4 ,0 5 6
F or ye ar en d in g Jun e 3 0 1 9 1 1 , gross, $ 8 0 4 ,7 6 0 ; n e t, $ 1 9 2 ,6 6 4 ; o th e r in
c o m e , 5 7 .3 ,6 8 3 : In t., ta x e s , A c .. 5 3 5 7 ,1 7 2 ; b a l., d e f ., 5 9 0 ,8 2 5 .
In 1 9 0 9 -1 0 ,
gross, 5 6 5 7 ,3 7 9 ; n e t, $ 7 0 ,4 1 4 .
l ’ r c s ., A . C . D u stin , C leve lan d , O .— ( V . 9 1 ,
p . 1 4 4 6 ; V . 9 2 . p . 5 2 7 .)
FORT STREET UNION DEPOT.— O w n s passenger station w ith ap
p roach es. 1 .4 m iles, con n ectin g w ith the D e tro it U n ion R R . D e p o t
S ta
tion C o .
L eased for 9 9 9 years fr o m D e c . 10 1 8 8 9 to the W a b a s h , Pere M ar
q u e tte and C an ad ian Pacific for rental eq u al to 5 % o f total cost o f w ork and
curren t ex p e n se s.
In c o rp . In M ic h . A u g . 2 4 1 8 8 9 .
S to c k , 5 1 .0 0 0 ,0 0 0 ; par,
$100.
B o n d s, see ta b le a b o v e .
P r e s., W illia m C o tter, D e tr o it.
A
FORT WAYNE & JACKSON RR.— O w n s J a ck so n , M ic h ., to F ort Wayne
I n d ., 9 8 m iles.
O n A u g . 2 4 1 8 8 2 leased p erp etu ally to L a k e Shore A M ich i
gan Sou th ern a t a ren tal o f 5 1 2 6 ,0 2 7 , eq u al to 5 4 4 % on the p ref. sto ck (see
V . 5 6 , p . 8 1 2 ) and after 1 8 8 7 a n y n et earnings o v e r 8 % on p ref. stock to be
paid on c o m ., b u t n o t ex ceed ing 2 % a y e a r.
C o m . s t o c k ,$ 4 3 6 ,1 3 2 .
54
R A IL W A Y ST O C K S A N D BONDS.
IIA IL IIO A D C O M P A N IE S
[For abbreviations, & c ., see notes on first page]
$ Den vpr C ity — P ref sto ck "s t a m p c ertfs” 4s
F irst m tg e gold $ 1 8 ,0 0 0 per m i l e . . B a c«
L q u lp tru st c tfs gu ar due $ 3 9 ,0 0 0 s -a redeem 1 0 1 . .
n • d o -n d 2 t - « er
*Y.d u e $ 1 9 ,0 0 0 s -a red eem 1 0 1 G
G ain esville M id lan d — F irst M 5 1 .0 0 0 ,0 0 0 g red a t 1 1 0
^ ai w ° r nn I f ? / 1-,12
I 9 *‘^n^an A n to n io — 1st M g 1 gr e x t .c *
W e ste rn D ivision first m ortp ape pold
c*
M ile s
Road
Date
B on d s
Par
V alue
5100
A m ount
Outstanding
1,000
1,000
1,000
1,000
1,000
45 4
1881
1 9 06
1907
74 1 9 05
2 5 6 ’ 7 1 -'8 0
671
1881
56 1900
1882
91 1 8 82
1910
'5 0 1 8 83
1908
1 8 99
$ 2 ,5 3 9 ,9 9 2
8 .1 7 6 .0 0 0
2 3 4 .0 0 0
2 0 9 .0 0 0
6 6 1 .0 0 0
4 .7 2 8 .0 0 0
1 3 ,4 1 8 ,0 0 0
8 0 0 ,0 0 0
1 .4 6 5 .0 0 0
5 3 .0 0 0
See tex t
P ate
1,000
I.'
1,000
"l6
2,000,000
1,000
1.000 &c
1,000
1,000
1,000
1,000
1.000
100
1,000
1,000
1,000
in 1911
Y e a r ly
J
A
D
6 g
5
J
& D
5
A
& O
5g
T e v ° ' t I ^ ? i F , , , f : , D ,l IN V E ^ C , T Y R Y .— (See M a p C ol. S o .) — F t . W o r t h .
T e x .. t o T e x lIn e , 4 5 4 m iles.
O w n s securities of F t . W . A D e n . T e r m . R y .
r.ffh'P FeKe i * c5 ^ C olora.f l° * S o u y i . Fly- Ju n e 3 0 1911 ow n ed all b u t $ 2 5 ,4 8 4
o f th e $ 6 ,8 3 o .0 0 8 c o m . Issued and sta m p ed sto c k .
V . 6 3 . p 10 63 7 5
- J
« L
u “ d er sta m p ed stock agreem en t o f O c t. 12 1 8 9 5 : 2 % in '9 8
'9 9 . 2 % ; 19 0 2 . 2 % : A p r . 1 9 0 3 , 1 9 0 4 , 1 9 0 6 to 1 9 1 1 . 4 % each
^ ° i N .D S -^“ ,A b s<t, ract
m °r tg a p e . V . 4 5 . p . 4 4 0 .
C ertfs. of In d eb ted ness
nW n n i b v C oi0 , b °cAoJun£ 30.
5 2 9 9 .9 1 7 .
E q u ip m e n t tru st. V . 8 2 ,
T n n V . i n L 8 i i o PA ^ 0 8 - . . ^ ,1.l,lp m .e.nt tr,u st , 5 % notes o f 19 0 8 . d ue s .-a . to
J o o o l 19 1 3 , 5 5 2 .0 0 0 .
"P u llm a n ” e q u ip , leases June 3 0 19 1 1 , $ 4 0 4 ' 0 7
T h e F ort VV orth A D enver T e rm in a l R y . au th orized an Issue o f $ 2 ,5 0 0 ,0 0 0
3 0 -y e a r 6 % b on d s d ated D eo. 1 1 9 07 (M ercan tile T ru st C o ., N . Y , trustee)
w hich $ 7 2 8 ,0 0 0 h a v e been Issued, $ 3 0 0 ,0 0 0 sold and
$ 4 2 8 ,0 0 0 held b y F t . W . A D . C . R y . V . 8 6 , p . 5 2 , 1 1 0 0 , 15 8 9 ; V . 8 7 . p. 9 4 9
E A R N I N G S .— 12 m o s ., 11 9 1 0 -1 1 -------G ross, $ 5 ,1 5 3 ,0 1 9 ; n e t, $ 1 ,9 7 5 ,8 0 5
Ju ly 1 to J u n e 3 0 .
U 9 0 9 - 1 0 -------G ross, 5 ,2 4 1 ,8 5 9 ; n et, 2 ,1 2 8 ,4 8 1
P r e s ., G e o . B . H a r r is.— ( V . 8 2 , p . 1 1 5 6 : V . 8 4 . p . 5 0 8 .)
G A IN E S V IL L E M ID L A N D R Y . — O w n s G ain esville, G a ., to A th e n s , 4 2
m iles
stand ard g a u g e, and B e lm o n t to M on roe, 3 2 m iles, narrow gau ge
o '™ d
19JH- Y - 7 ? - P- l 5 1 ’ 2 6 9 , 5 0 0 , 6 2 7 . S to c k , all o u tsta n d in g ;
$ 5 o 0 ,0 0 0 .
O f th e 1st 5s o f 1 9 0 5 t $ l ,0 0 0 ,0 0 0 a u th o r ize d ), $ 1 4 ,0 0 0 Is re
served to retire old (is and $ 2 9 9 ,0 0 0 for ex te n sio n s.
V . 81 . p 1848
The
S avan n ah T ru st C o . Is m o rtg a g e tru stee.
V . 81 , p. 1375, 1550.
Year
en d ing June 3 0 1911 gross. $ 1 6 8 ,1 4 4 : n et. $ 4 6 ,4 1 4 ; ln t ., ta x e s. A o ., $ 4 8 ,
9 4 3 ; b a l., d c f ., $ 2 ,5 2 9 .
P r e s., G e o . J . B a ld w in .— ( V . 9 1 . p. 1 5 7 4 .)
G ALVESTO N H A R R IS B U R G & SAN ANTONIO R V . — (See M a p Southern
P a c ific .)— O w n s G a lv e sto n , via H o u s to n , T e x ., to ea st bank of R io G ran de
R iv e r , 8 3 3 m iles; B eevllle to R o sen b u r g , 147 m iles; San A n to n io to P ort
L a v a c a , 136 m iles; M agers to W e s t S h o re , G a lv esto n B a v , 4 6 m iles; P ort
L a v a c a . S to c k d a le to C uero, 4 6 m .; b ran ch es. 174 m .; tra ck age. 3 m .; to ta l
1 ,3 3 8 m
S outhern P acific C o. ow n s $ 2 7 ,0 5 6 ,1 0 0 o f th e $ 2 7 ,0 8 4 ,3 7 2 stock
(par $ 1 0 0 ) .
A c o n solid ation in 1 9 0 5 with the N . Y . T e xu s A M exican
S ? i v v J .I° u st° b * N o r -> * « •
v - 7 9 , p . 2 6 4 2 ; V . 8 0 . p . 1 4 2 4 ; V . 8 1 , p. 211
6 6 8 , 1242; V . 8 3 . p. 1528.
D u e S o . P a o . C o. Jun e 3 0 1 9 1 0 , $ 1 0 ,3 9 1 ,2 6 3 .
B O N D S .— T h e sh areholders v o ted in M a y 1 9 10 to m a k e a n ew m tg e
to seoure an Issue o f $ 1 0 ,0 0 0 ,0 0 0 3 0 -y e a r 6 % b on d s on th e properties ac
quired In 1 9 05 and th e new line from S to c k d a le to C uero, T e x ., 4 7 m iles a
p art o f the Issue to be reserved to retire th e ou t-^ a n d ln g bonds thereon
Y • 9 0 , p. 9 1 4 .
In Ju n e 1911 p erm itte d to Issue $ 6 ,1 0 4 ,0 0 0 o f th e b o n d s!
V . 9 0 , p. I o o 4 ; V . 9 2 , p . 1 6 3 6 , 1 7 0 1 .
„ W e s t e r n D l v .2 d s ( $ 0 ,3 5 4 ,0 0 0 ) b y a g ree m e n t are treated as Incom e b o n d s:
V . 5 8 , p. 7 1 9 ; V . 8 4 , p . 8 0 3 ; V . 8 8 , p . 1 4 3 7 .
E q u ip m e n t b on d s, $ 1 ,5 5 8 ,0 0 0
6 s , ow ned b y S o u . P acific.
V . 7 6 , p . 13 0 0 : V . 7 7 . p . 2 1 6 0 .
S o u . P acific
C o. p roprietary c om p an ie s and sin kin g fun d s o f latter also ow n $ 8 4 2 ,0 0 0
M atagorila D lv . 1st M . 6s of th e old N ew Y ork T e x . A M e x . R v ., $ 2 ,2 2 4 ,0 0 0
Gu t W e s t T e x . A P a c . 1st M . 5 s , $ 8 0 0 ,0 0 0 G a lv . H o n s. A N o r. 1st M . 5 s ,
? ? ^ J 'A A R 'S 0(lT°u i °cf a .total of $ 6 ,3 5 4 ,0 0 0 W e s t . D lv . M . A P . e x t . 2d M . 6s|
$ 4 .7 ~ 8 ,0 0 0 G . II. A S . A . E a s t . D lv . 1st 6s (e x te n d e d ), due A u g . 1 1 9 3 5 , arc
also ow ned b y S o . P a c . or sin kin g fu n d s o f p rop rietary cos.
E A R N I N G S .— 12 m o s ., 1 1 9 1 0 - 1 1 ... G r o s s , $ 1 0 ,9 8 4 ,5 8 7 ; n et, $ 3 ,1 8 7 ,6 5 8
J u ly 1 to J un e 3 0 .
1 1 9 0 9 - 1 0 . . . G ross. 1 0 ,5 7 6 ,4 3 6 : n et, 3 ,0 4 2 ,2 0 8
« o % r, yoenaJ enudln K Jup e 3 6 19 1 0 : G ross. $ 1 0 ,6 9 9 ,3 7 9 : n e t, Incl o th . In com e.
* 2 - 1 9 1 -2 9 6 ; c harges. $ 2 ,4 8 2 ,7 9 6 : b a l.. su r .. $ 7 0 8 .5 0 0 .— ( V . 9 0 . p . 3 7 2 , 9 1 4 ,
1 5 5 4 ; V . 9 1 , p . 3 8 , 3 3 6 ; V . 9 2 , p . 1 8 7 , 1 6 3 6 . 1 7 0 1 .)
p
^ A L Y E S T O N HOUSTON & H EN DER SO N RR. OF 1882 — Owns from
G a lv e sto n . T e x ., to H o u sto n , T e x ., 5 0 m iles.
h « v JhSYi
• * Y . and In te rn ation al A Great N orth ern
h a v e had tra ck age righ ts since D e c. 1 8 95 u nder a c o n tra ct p rovidin g for p a y to m tg e tru stee o f $ 1 0 0 ,0 0 0 ye arly to m eet Interest on G H A H .
b o n d s and an ad d ition al rental of $ 2 4 ,0 0 0 per an n u m for d ivid en d s or other
p u rp oses— sec V 61 p. 1 0 6 4 ; V . 6 3 , p . 6 9 7 .
D lv s ., M ay 1904 to 1 9 0 6 , 4 %
— see7 V " ( i f 1 p JU1 0 L 3 ° 191° ’ n o n e '
M - K - & T - ow ns 4 -9 9 9 shares o f stock
W i i l V S100'mf0:
G ALVESTO N T E R M IN A L R Y — O w n s ex te n siv e term in als a t G a lv e sto n .
Tex , used b y Trinity A B razos V a lle y R y ., C olorado .Southern an d Chic
R . I . A Pacific, w hich ow n p ractically all the sto c k .
V 87 o 9 5 0
Ow n
a large freight d ep o t an d w arehouse and a b o u t 14 blocks alon g G alveston
w a ter-fro n t.
In J a n . 1 9 10 a b o u t 2 7 m iles o f m ain line and s i d i n g had been
c o m p le te d .
S to c k , $ 2 5 ,0 0 0 .
O f th e 1st 6s ( $ 5 ,0 0 0 ,0 0 0 au th
Issue)
$ 1 .1 0 6 ,0 0 0 , g u a r , jo in tly b y th e C h . R . I . A P . and Col A S?o
were sold
& N o v '0 8 .
V . 8 6 , p . 1100, 1589; V . 8 7 . p. 1478.
Pres
J w
R o b in sV . - P „ J ohn S e a ly .— ( V . 8 6 , p . 11 0 0 . 1 5 8 9 ; V . 8 7 . p . 9 3 6 .)
R o b in s,
G A R D E N C IT Y G U LF &
K a n ., to S co tt C ity , 3 8 m iles,
T o p e k a A S a n ta F e acqu ired
leases th e r o a d .
-( V
NORTH ERN R R .— O w n s from Garden C ity
c o m p leted D e c. 1 9 0 9 .
In M a y 1911 the A te h
n early all o f the stock and all o f the $ 6 0 0 0 0 0
S to c k a u th o rize d , $ 5 ,0 0 0 ,0 0 0 - present Issue
° 9 2 : p P l 4 9 9 . f • P - U lp lc y ; V - P ” K - J - E n ? c ,: T r e a s . E PL c S L l a n d :
r^G EiNiEi f . E & W Y O M IN G R R .— R e ts o f. N . Y „ to P ittsburgh A L ehigh
K P?Hc£kJPetf)of J c t - t0 G rle gvllle, 4 m .; b ran ch . 2 m .; to ta l, 16 m iles.
?o n c k ’o o ?0?nrP.0 : J,ftr’ $ 1 6 ° D lv s . from O o t. 1 8 9 9 to 1 9 0 2 , In cl., 5 % y e arly:
1 9 0 3 , 8 » ; 1 9 0 4 , 8 % ; 1 9 0 5 to A p r . 1 9 1 0 , 4 % ye arly ( s .-a .) ; A u g . 1 9 1 0 , 1 J 4 % ;
5 % * paId
Q .-I .
Y e a r 1 9 0 9 -1 0 , gross. S U )3 ,5 4 7 , n e t, $ 7 1 ,2 4 9 ; c h g c s., $ 3 1 ,5 9 0 ; b a l., s u r ., $ 3 9 ,6 5 9 .
P r e s., M . B . F u ller,
S c r a n to n , P a .; S ec . A T r c a s ., W . H . B a r n a r d , 2 R e c to r S t . , N . Y . — (V . 7 6 .
p . 1J4 o .)
P . Q E in o
♦* S O U T H E R N .— O w n s G e n e v a , N . Y . . to A n tr im .
P a ., 10 9 m iles: branch to U ly sses, P a ., 4 0 m iles; S tok ea dalc J e t ., P a ., to
N e w b e rry J e t ., 7 o in .: P enn \ a n n . N . Y . , to D re sd e n , 6 m .; other b ranches,
5g
6
6•
212.000
W h en
P a yab le
%
5 g
M v ^ r Ul frJVo,r
lo w n ed b y S o u t h 'P a c ) ..
In Y T e x & M e x 1st M pold $ or £ puar b y S o P .F .o *
£ or 5
4
g
..
oo
do
do
n o t p u a r a n te e d __
£ or $
N e w m ortpape 5 1 0 ,0 0 0 ,0 0 0 au th orized _
Ga veston H o u sto n & H end of 1 8 8 2 — F irst M . . B a ' c *
5
G alveston Term inal— 1st M 5 5 ,0 0 0 ,0 0 0 auth pu (text)
1 .0 0 6 .0 0 0
Genesee & W y o m in g R R — 1st M pold $ 5 0 0 ,0 0 0 ............K
5 0 0 .0 0 0
6 g
U eneva C orn m p & Sou— C o m m o n sto ck puar
2 .3 2 5 .0 0 0
3 1*
Preferred sto c k , g u a r a n te e d ...............................I I I I I . . .
5 .0 0 0 .
0 0 04
Pine Creek 1st M pu prln and ln t en dorsed
r
75 1885
3 .5 0 0 .0 0 0
F irst & refund M ( $ 1 0 ,0 0 0 ,0 0 0 a u t h ) _____F .x c v A r*
19 09
See t e x t
4 g
Georgia & A la b a m a — G eorgia C arolina & N orthern — See Se ab oard A ir Line
Ry.
Georgia C oast A P ie d m o n t— F irst M g $ 1 . 0 0 0 , 0 0 0 . ,G
85 1 9 06
6
0
0
.0
0
0
5
g
C onsolidated m o rtg a g e $ 3 ,5 6 0 ,0 0 0 pold .
Ce
1907
2 4 0 .0 0 0
5 g
In c o m e d e b e n t u r e s ...
"
1 9 08
1 7 5 .0 0 0
G eorgia & Fla— M lllcn A S ou th 1st M $ 8 6 6 ,0 0 0 p” ‘ K
53 1 9 05
5 g
Georgia A F lorid a m tp e $ 1 2 ,0 0 0 ,0 0 0 g o l d . . . B B nc*
28 4 1 9 07
500 Ac
5 .2 4 6 .0 0 0
5 g
Georgia A F lorid a T e r m M $ 2 0 0 ,0 0 0 p u a r a n te e d _____
1 9 10
I 75,il()f)
Georgia Florida & A la b a m a — F irst m tp e g o ld ..A l a .c * T e x t
1904
1 .7 2 3 .0 0 0
5 g
G eorgja M id lan d R y — F irst M gold $ 1 ,6 5 0 ,0 0 0 ln t guar
98 1 8 96
1 .6 5 0 .0 0 0
3 g
G eorg;a P acific— S ee S ou th e rn R y
G eorgia R ailroad & B a n k in g C o— S t o c k _______________
307
4 .2 0 0 .0 0 0 S ee tex t
B on d s refu n d in g n ot m o r tg a g e c u r r e n c y .
"c
1 8 97
5
B on d s n ot m o rtg a g e ( $ 2 0 0 ,0 0 0 are 5 s ) ..............
8 2 -’87
5 0 0 ,0 0 0
5 A 6
B o n d s n o t m o r tg a g e c u r r e n cy ______ _________________ c
1 9 07
91
[V O L . L X X X X I i l .
6
6
1.000.
000
1,000,000
4
MAN
F
M
J
A
A
A
M
A
A
A
A
A
A
N
O
O
A
O
A
S
A
O
Q— J
Q— J
A D
MAN
M
J
A
A
A
J
J
J
P la ces W h e r e In te r e s t a n d
D iv id e n d s a re P a y a b le
Feb 20 1 9 1 1 4 %
Dec 1 1921
D ec '1 1 -J 'n e 14
A p r ’ 1 2 -A p r '1 7
N o v 1 1 9 35
A u g 1 1 9 35
M a y 1 1931
Jan 1 1 9 3 0
A pr 1 1912
A pr 1 1912
1940
A pr 1 1913
M ch 1 1 9 38
A p r 1 1 9 29
O ct 1 1911 % %
O ct 1 1911 1 %
D ec 1 1 9 32
M a y 1 1 9 59
S M ch
D D ec
S ep t
A O Apr
N ov
A
A lly
A
Ju ly
A O Apr
MAN
A
Last D ividen d
and M a tu r ity
1
1
1
1
1
1
1
1
1 9 46
1957
1 9 18
1 9 55
1956
1 9 30
1954
1946
G u a r a n ty T ru st C o , N Y
O ffice, 2 6 L ib e r ty S t , N Y
C om m ercial T r C o , Phlln
G u aran ty T r u st C o , N Y
S a v a n n a h . Ga
O w n ed b y Sou Pao Co
S o P ac Co 12 0 B ’ w a y .N Y
do
do
S o P a c C o, N Y , A L o n d
do
do
Bankers T r u st C o, N Y
K n ic k c rb o ck erT rC o , N Y
Grand C en tral S ta , N Y
do
do
do
do
do
do
F J L Ism an A C o, N Y
do
do
ln t o n ly p a y when earn
H anover N a t B k, N Y
K n lc k T r C o, N Y A B a lt
F id elity T r u st C o , B alt
M a n h a tta n T ru st C o, N Y
J P M organ A C o , N Y
Q—J
O ct 15 1911 3 % A u g u s t a , Ga
A J Jan 1 1 9 22
A m E x N a t B k , or A u g
A J Jan 1 1 9 22
do
do
A J Jan 1 1947
A m E xch N at B k, N Y
c o m " $ 9 T952 nnm
£ c .0 bso d d a G o n l n F e b . 1 9 0 9 , V . 8 8 .
C e n t" i 2 H d ° n ; , P n n ' V ° ° u m -. $ 5 ,0 0 0 .0 0 ° ; p ar, $ 1 0 0 .
Istcnce or
* 2 ! " Ap,rllJ 19 00 f,o r Die term o f
oref and 8
thereof the ren tal coverin g 4 %
prei. a n a 3 H % on th e c o m . s t o c k .V . 8 8 , p .8 2 2 , 1001* V
p. 1002.
S to c k .
L eased to N . Y .
Its corp orate o x d ivid en d s on th e
8 9 n 28B Th#»
s t o c L a n d " hc&S 5 nnn
0 7 ,s $ 1 .82<T8 0 0 o f t h c d i l i l ’oSd c o m m o n
p i r . - n i the $ o ,0 0 0 .0 0 0 first p ref. sto c k .
V . 9 0 , p. 5 4 , 167.
sev erally % e Sf o r ? n ^ ? r an tc ca. b y
and N - Y - Central Jointly an d
sev erally
bee form of g u a r a n ty , V . 5 0 . p. 6 5 0
T h e road Is mto-crl to
A HrCR n D,R hor,zed lsr '! c o f $f 0 .0 0 0 ,0 0 0 5 0 -y e a r 4 % bon d s o f the NL Y . C
retire o u tr a n d l'™ T n r f, h,y f le G eneva C orning A S o u th e r n , to be u sed to
1911 $ 6 0 0 non I nnaL
btedn.vss ,and bonds for Im p r o v e m e n ts.
In M c h .
0 0 0 ^ S v r a e ;2 e 0 r-nn«,?o^iverc au th orized to be Issued for retirem en t o f $ 6 0 0 .r
8 r p " f f i . i T v V p ? 2 8 6 " v 2,i o T r i o V . r -
v - 8s- p- , m - m
*
G iG E s-^9r?iu ,C 0 A S ^ Is P J E D A IO N T R R ,— E x t e n d s from D arien to C ollin s,
soll'da?e,i an f- bem p letcd In J uly 1 9 0 0 .
S to c k , $ 1 ,0 0 0 ,0 0 0 .
The con:
m ile An,!
>s f* m|tei to $ 3 ,5 0 0 ,0 0 0 ) are Issuable at $ 1 0 ,0 0 0 per
e a r n e ^ m s ^ 'P i10 per rn,J<i a d tlltlo n ;l1 fo r eq u ip m en t when the p ro p e rty h as
te r m in a l?
f ntcl'c st charges: $ 2 0 0 ,0 0 0 m a y be used to acq u ire
^ r m in a ls , sufficient of the Issue being also reserved to retire the 1st 5 s,
p V«Ir4 ' ,
° c t - 1 90 7 the c o m p a n y w as au th orized to Issue $ 2 ,5 7 0 ,0 0 0
consols for variou s p urp oses, Including $ 1,0 0 0 ,0 0 0 to retire th e first 5 s.
In i(inoP iM8 d 4 '
'
Ju n e 3 0 19 1 1 , gross, $ 9 1 ,4 6 9 ; n e t, $ 2 0 ,5 9 4 .
t
:
m r° p ; p 8 4 1 : r : 1’ $ 1 3 *-3 3 f ; l n t - ta x e s . A c . , ’ $ 4 6 ,6 9 7 ; bal
u u - < 3 3 ,3 0 9 .
P r e s.. F . J . L Ism a n .— ( V . 8 8 , p . 6 2 4 .)
T a f i a h a s s 9 D At . & A L A B A M A R Y . - O w n s R ic h la n d , G a .. to
D la ., 133 m iles. Including 2 6 m iles opened S e p t. 19 0 9 ; Ta.llaFlaSeet i
rabc o ' °tIl tb e 0 ,1 f of M e x ico . 51 m iles; b ran ch . H a v a n a ,
from r- Q e lb c y , 1^ m iles; to ta l. 196 m iles.
A lso op erates steam e r line
from C arrabelle to A p p a la ch lc o la , F la .
S to c k , $ 3 5 0 .(MX)' oar $l(H)
in
June 19 09 President W illia m s , It was rep o rted , purchased the m in o rity
stock and p ractically all o f th e ou tsta n d in g b on d s.
V . 8 8 . p. 1437
D o n 'l l
stnr>bhb iei a b o v e - C urrent liabilities, A c ., Ju n e 3 0 19 1 0 , $ 7 8 2 ,9 4 0 .
The
s t o f k ^ n ^ c c ? ] 1 N, ? v - 3 1 9 0 9 au th orized $ 1 ,2 2 5 ,0 0 0 5 % n o n -o u m . p ref.
2
° n l 68 H m iles, then op era ted , w ith $ 8 ,0 0 0 per m ile for a d d itio n a l
m ileage; no new stock h ad been Issued to J u ly 1 9 1 0 .
o-r,foor
^nd.,ner Jun e 3 0 1 9 1 1 , gross. $ 4 8 7 ,1 3 4 : n et, $ 8 9 ,1 2 3 .
In 1 9 0 9 -1 0
gross, $ 4 1 7 ,7 5 6 : n et, i 7 7 , 2 ° 5 , o th er In com e, $ 2 5 0 ; ln t ., ta x es, A c $ ll< ) T>n’J P w u ’ n * 4 1 >8i 6 1 9 0 8 -0 9 , gross, $ 4 0 1 ,^ 6 1 ; n et7 $ 6 3 .2 ^ 7
Pres
J - F -s W Il.la m s ; S ec . an d T r e a s ., L . G . P a p y .
O ffice, B a ln b rld g e , G a .—
G E O R G I A & F L O R I D A R Y .— O w n s from M a d iso n , F la (4 0 m iles from
M exico) t ° K e y s v lll c .G a .. 2 2 4 .6 m iles; t r a c k A g c .K c y .U l l l e t o A u Jun e 3 0 i 6 i i 25n % ^ L u ther ArackaKC' , 3 ' 1. 'A'” b ranches- 9 8 .9 m . ; to ta l
wMPh n J p
' 3 o 2 .2 m iles.
O w n s stock o f G eorgia A Florida T e r m . C o .,
Its isr t 0 y ^ Cl teT ,ln^
cs a^ A u g u sta an d V a ld o sta and guarantees
,
M - 6 % b« nds '$ 2 0 0 ,0 0 0 a u th . Issu e).
A con solid ation In A u g . 1 9 0 7
? ' H I'1? " A .Southw estern and other road s, acqu ired b y sy n d ic a te organized
rohn rd d v,m?,r f' W j 19? ™ 3 * C o- and In te r n a l. T r . C o . o f IlaltliTKyre and
"I?
W illia m s A .Sons, R ich m o n d , V a .
V . 8 2 , p . 1211; V . 8 5 . p . 3 4 5
V . 8 7 , p . 4 8 0 , 9 3 6 , 15 3 3 : V . 8 8 , p . 0 8 1 .
' P
S T O C K , A C .— C o m m o n sto c k , $ 1 5 ,0 0 0 per m ile and n o n -o u m u la tlv e pro« 3rrsend o n 5 '° ° 9 - . O u tsta n d in g July 19 11 , c o m m o n , $ 5 ,2 0 0 ,0 0 0 ; preferred,
5 3 ,5 0 0 ,0 0 0 .
A fte r 4 % on p r e f., c o m m o n Is en titled to 4 % , then p ref. to
“ A a d d lt,on ai. then c o m m o n to all other ea rn in g s.
B on d s to be lim ited t *
$ 1 2 -0 0 0 ,0 0 0 a t $ 2 0 ,0 0 0 per m ile, o f which $ 6 ,3 1 2 ,0 0 0 h ave been Is.sned
$ o .6 0 0 ,0 0 0 o f which are In the hand s o f the p u b lic, $2 1 2 ,0 0 0 are reserved t*
retire the M ilieu A S ou th w estern bonds an d $ 5 0 0 ,0 0 0 are In the treasury
V . 85, p. 221, 53 0.
Car tru sts Ju n e 3 0 1 9 1 1 . $ 2 0 3 ,3 6 7 .
R E P O R T .— For year en d in g Ju n e 3 0 1 9 1 0 In V . 9 2 , p . 1 1 4 .
In 1 9 1 0 -1 1
(3 3 2 avera ge m iles), gross, $ 6 9 7 ,8 2 1 ; n et. $ 1 2 6 ,6 8 4 ; other In com e, * 1 1 4 .9 4 .8 c harges, $ 2 0 9 ,9 0 5 : b a t., s u r p ., $ 3 1 ,7 2 2 .
P r e s ,, J ohn S kelton W illiam s-’
4 6 0 ” 59 L
W 19larns: ,^rea!,•• R u tlierfoord F le e t.— ( V . 9 2 , p . 6 9 , 1 1 4 ,’
G E O R G I A M I D L A N D R Y . — O w n s road from C olu m b u s to M oD o n on gh
G a ., 9 8 m iles.
Leased from Ju ly 1 18 96 for 9 9 years to th e S outhern R a lL
w ay Co. for $ 4 9 ,5 0 0 annual rental (being Interest on the first m tg e . bonds
A c .) and $ 2 ,5 0 0 for C olu m b u s term inal p r o p e r ty .
S tock Is $ 1 .0 0 0 f)0f)’
ow n ed b y Southern R a ilw a y C o .— (V . 0 3 . p . 3 6 1 ; V . 8 2 , p. 7 5 1 .)
G E O R G I A R R . A B A N K I N G C O .— O w n s from A u g u s ta . G a ., to A tla n ta
G a .. 171 m .: b ranches to W a sh in g to n and A th e n s , 5 8 m .; M acon A A u gu sta
R R . (p roprietary r o a d ), C a m a k , G a ., to M a c o n . G a ., 7 4 m .; tra ck age 4 m •
to ta l, 3 0 7 m .
O w n s 5 0 % stock o f W e ste rn R y . o f A la . (th e Central o f
R y . ow n in g the other h a lf); also a 4 7 % Interest In A t l . A W oat P o in t.
L e a se .-— In 1881 roads leased for 9 9 years to W . M . W a d le y e l al tor thrC en t, of G a . and the L o u lsv . A N a s h v ., a t $ 6 0 0 ,0 0 0 per ye ar, but In A nrll
1 8 9 9 th e L o u lsv . A NJaashv.
sh v . w as held
ncia to h
na
ave
aeciuireu an
v e acquired
all rights u nder the
lease; A tla n tic C oast C o. J u ly 1899 acquired h alf In terest.
V 68 n 722v - b 9 - P - 3 8 6 - -W l: V . 7 0 . p . 1 2 5 .
T a x d ecision s. V . 8 5 . p. 1 6 0 , S
V 86
p . 9 8 1 : V . 9 0 . p. 5 5 9 .
In A u g . 1 9 0 8 sold $ 1 ,0 0 0 ,0 0 0 4 0 -y c a r 4 % d eb en tu re
b on d s to refund the 6 s d u e J a n . 1 19 10 .
V . 8 7 , p. 2 2 6 , 2 8 5 .
Owns a m a
jo r it y ($ 5 9 4 ,9 0 0 ) o f sto ck o f “ G eorgia R a ilro a d B a n k .”
1 ’82 .
8 3 - ’ 8 7 . '8 8 . '8 9 to J a n . ' l l
S in ce to O ot ' 1 1 .
S ince 1881
............% / 1 0 M
10 y r l y .l O t f
11 y e a r ly .
3 q n ar
D iv . rate Increased In A p r . 1911 from 11 to 1 2 % .
V . 92 d f 705
E q u ip m e n t tru sts A p ril 3 0 1 9 1 1 , $ 3 6 ,2 9 8 .
p>
E A R N I N G 3 (3 0 7 m U cs).— ( 1 9 1 0 - 1 1 . -G r o s s . $ 3 ,2 1 0 ,4 2 5 ;
J u ly 1 to Jun e 3 0 , 12 m o n th s .) 1 9 0 9 - 1 0 . -G r o s s ,
3 ,0 2 0 ,5 0 7 ;
n et
n e t!
$ 7 9 1 921
9 0 4 !itt 4
t o ? w !o o ad earnl,nKS for ycar en d ing June 3 0 1 9 1 0 , gross. $ 3 ,0 1 0 ,9 5 7 : net
$ 8 9 4 ,6 8 3 : other In com e, $ 1 3 7 ,6 9 9 ; rental to G a . R R . A Bkg* Co $ 6 0 0 0 0 0 InlerOTt rentals and back ta x e s , $ 1 5 8 ,1 2 6 : a d d ition s and b e tte r m e n ts:
$ 1 4 3 ,4 14: b a l., s u r .. $ 1 3 0 .8 5 2 .— ( V . 9 0 . p . 1 3 0 2 : V . 9 2 . p 7 9 5 )
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., s e e n o te s o n f ir s t p a c e ]
M ile s
R oad
& Florida— F irst p ref sto c k red eem
S econ d preferred $ 1 ,0 8 4 ,0 0 0 5 % ______________________
285
F irst m ortg a g e gold $ 4 .0 0 0 ,0 0 0 ........... ............. M e B a .o *
392
F irst consol m ortg a g e $ 1 0 ,0 0 0 ,0 0 0 g o ld _____N .c * & r
E q u ip m e n t tru sts Ser A an d II $.‘5 7 ,0 0 0 d u e sem l-an n
E q u ip m e n t tru st Ser C d u e $ 2 5 ,0 0 0 s e m l-a n n _____E q
Gettysburg & Harrisburg— S ou th M t first m o r t g a g e , _
G e tty sb u r g & H arrisb urg first m o r tg a g e old I s s u e ..
C on solid ated m o rtg ge $ 5 6 5 ,0 0 0 g old (see t e x t ) . .
35
Gila Valley Globe & Northern— See A r iz o n a E astern R R
12
Goshen & Dcckertown — 1st & 2 d M ($ 6 0 ,0 0 0 are 2d s)
13
Gouverneur & Oswegatchie— 1st M gold gu p & I.U n.c
Grand Rapids & Indiana Ry— S to c k $ 6 ,0 0 0 ,0 0 0 ______
F irst M m o stly land gran t gold ex te n d ed in 1 8 9 9 -c *
335
F ir st M e x te n d ed gold gu aranteed b y P en n R R . _ c *
335
387
S ec o n d m ortg a g e $ 5 ,0 0 0 ,0 0 0 g o ld _______ ___________ o*
Grand Rapids & Northw— 1st M $ 5 ,0 0 0 ,0 0 0 gold.-G P
Grand Trunk Pac— F irst M £ gu ar C an G o v t ( te x t )c & r 1,755
916
P rairie S ection M (Ser A ) £ 2 ,1 0 0 ,0 0 0 1 guar p an d 1
839
M o u n ta in Seo M (Ser U) £ 2 . 0 5 0 , 0 0 0 } by G ran d
L a k e S uperior D Iv 1st M £ 1 ,5 5 0 ,0 0 0 1
T ru n k
188
D e b e n tu re stock $ 2 5 ,0 0 0 ,0 0 0 red a t 10 5 after 1 9 3 6
L o a n $ 1 0 ,0 0 0 ,0 0 0 secured b y m tg c on P rairie section
G ran d T r k P ac branch lines 1st M gu ar, see t e x t .- o *
Grand Trunk Ry— C on solidated stock £ 2 3 , 3 1 8 , 3 0 9 . . .
4 % gu aran teed sto ck n o n -c u m u la tlv e £ 1 2 , 5 0 0 , 0 0 0 .
F irst preference 5 % stock £ 3 , 4 2 0 , 0 0 0 ________________
S econ d preference sto ck £ 2 , 5 3 0 , 0 0 0 ___________________
T h ir d preference 4 % sto ck £ 7 , 1 6 8 , 0 5 5 ........... ................ *2
& 3 ,512
D a te
B onds
Georgia Southern
GEORGIA SOUTHERN
&
FLORIDA RY. —
1895
1902
’02-'0G
1910
1877
1882
1891
’S8-’89
1892
1891
1891
1896
1908
1905
1905
1905
1905
1909
1909
1884
'7 3 -’74
'7 3 -’74
P a r
V a lu e
GRAND RAPIDS & INDIANA R Y.—
A m ount
O u ts ta n d in g
$100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
£ 1 0 0 &c
£ i no
£100
£100
£10 0
£100
(See M a p o f Southern R y .) —
(See M a p s o f P en n sylv a n ia R R .) —
Owns from Fort W ayn e, Ind ., to Mackinaw City, 367 m .; branches, 65 m .;
total owned, 432 miles: operates the following roads, but has not assumed
the old com pany’s leases thereof: Cln. Richmond & Ft. W ayn e R R ., 86 m .;
Traverse City R R . (nearly all the stock and all the Income bonds owned),
26 m .; Muskegon Grand Rapids & Indiana R R ., 37 m .: Traverse City
Leclenati & Manlstique R R ., Traverse City to Northport. M ich., 30 miles
(lncl. 6 m . trackage). See V . 74. p. 777; V . 76, p. 811: V . 82. p. 988, 1098.
H IS T O R Y .— Successor A u g. 1 1896 of Railroad, foreclosed ( V .6 3 , p. 153).
S T O C K .— Stock, $ 6 ,0 0 0 ,0 0 0 , of which Pennsylvania Interests arc sup.
posed to own all or nearly ail. Penn. Co. on Jan. 1 1911 owned $2,902,600
D I V I D E N D S .— 1900, 1 % ; 1901. 2 % ; 1902 to April 1910. 3 % (yearly),
none since. See V . 91, p. 160.
,
,
’
B O N D S .— The first mtge. bonds extended at 4 1 4 % are endorsed with the
guaranty of the Penn. R R . Co. to purchase the coupons as they mature, and
the bond Itself at m aturity. Sec guaranty, V . 56. p. 649; V . 69, p. 1193.
Of the 2nds, $888,000 were owned Jan. 1 1911 by Pennsylvania R R . and
$ 3 ,2 3 7 ,0 0 0 by the Pennsylvania C o m p a n y . Equipm ent trust obligations
D<RB^»o W t ?— R eport'for 1910 In V . 92, p. 1431. In 1910 carried 3 .099,723
tons of freight, of which 3 6 % was lumber, A c ., and 2 4 % coal and coke.
Y ea r ending D e c . 31 —
1910.
1909.
1908.
1907.
Miles operated
433
4.33
436
426
Gr<»sIncome
$4,125,419 $3,918,371 $ 3,498,148 $4,149,694
Net over expenses and taxes.
590,530
818,719
727.751
801.299
Other income, $41,396; Interest and other charges, A c ., $610,558; add’ ns
and betterments, $92,670: divs. ( 1 ) 4 % ) . $86,865; bal., d e f., $ 1 99 ,56 3.—
( V . 90 , p. 1 1 6 6 ; V . 91. p. 1160; V . 92, p. 1 4 3 1 .)
GRAND RAPIDS & NORTHWESTERN RR.— T o extend from Grand
R apids, M ich., to Ludlngton, 95 miles, of which 10 m. graded in July 1911.
Stock, com m on, $2,500,000: pref. 6 % cu m ., $500,000; par, $100. Of the
bonds ($5,000,000 authorized Issue), $1,000,000 Is reserved for extensions
and Improvements. V . 86, p. 1529. Pres., Marshall F . Butters; Treas.,
Geo. N . Strays; Sec., W alter S . Syrctt. Ludlngton, Mich.— (V . 86, p. 1529.)
GRAND TRUNK PACIFIC RY.— (See M a p .) — This new trans-continen
tal railway across Canada has received the approval of the Canadian Govern
ment and will be carried through with the Joint financial support of the
Government and the Grand Trunk R y . Co. of Canada. It will consist of a
main line of an estimated length of about 3 ,550 miles, from Moncton, New
Brunswick, to Prince Rupert, B. C ., on Pacific Ocean, about 30 miles south
of southern boundary of Alaska, with branch 188 miles, viz.:
1 . Leased L in e , to B e B u ilt by C anadian G overn m en t—
M iles.
Eastern D lv., Moncton, N. B ., via Quebec to W innipeg, a b o u t ..
1,800
(To be leased for 50 years to Grand Trunk Pacific R y . C o.— for
first 7 years at cost of operating only and for remaining 43 years
at 3 % on cost of construction) (but see V . 8 0 , p. 997).
2. W estern D iv ision , B u ilt and Owned b y C om p a n y —
916
a . Prairie Section, Winnipeg to Rocky Mountains, about....................
b . Mountain Division, Rocky Mountains to Pacific Ocean, ab o u t___
839
3 . La ke S u p erior B ranch, B uiU and Owned by C o m p a n y —
Thunder Bay on Lake Superior to Junction with Eastern Division,
east of Winnipeg (completed In November 1 9 0 8 )____________
188
O f the Prairie Section, Winnipeg to Edm onton, 793 miles, was completed
July 1909; from Lako Superior Jet. to Winnipeg, 245 miles, was opened
R a te
%
W h en
P a y a b le
$684,000 5 In 1911 M
1.084.000 5 in 1911 M
3,83 8 ,0 0 0
5 g
J
2 ,000,000
J
4 g
74.000
M
4)4
425,000
414 g M
100,000
A
5
250,000
6
A
215,000
5
A
500 & c
1,000
100
1,000
1,000
1,000
1,000
£ 1 0 0 &c
£ 1 0 0 &c
£ 1 0 0 &c
£ 1 0 0 &c
Owns from Macon, G a., to Palatka, F la., 285 miles; on N ov. 1 1902 pur
chased A tl. V . & W . R y ., Valdosta, G a., to Jacksonville, Fla., 107 miles;
trackage Into Jacksonville, 3 m .; total, 395 m . V . 6 0 , p .9 2 8 : V . 79 . p .5 5 1 .
Also owns one-eighth of stock of Jacksonville Term . Co. V . 77, p. 620.
In 1903 the stock of the Hawktnsvllle & Florida Southern R y ., W orth to
Hawklnsvllle, G a., 44 m ., was purchased, $ 325 ,00 0 first mtge. 5 % bonds
being guaranteed, prln. and Int. V . 79, p. 2585.
D I V I D E N D S .— On 1st p r e f .,’ 96, 4 % : ’97 to N ov 1911, 5 % yearly. On
2d pref., in ’97, 2 % : ’ 98. 3 % ; ’99, 3 % : 1900 to M ay 1906, 4 % yearly: N ov.
1906, 2 ) 4 % : 1907 to N ov 1911. 5 % yrly. Common stock is $2,000,000.
B O N D S .— First m tgc. of 1895 (Abstract, V . 61, p . 429) provides that the
$684,000 fir st p r e f. stock shall be a Hen second only to the bonds and coupons.
The first consol. 4s of 1902 are for the authorized amount of $1 0 ,0 0 0 ,0 0 0 ,
of which $4,684,000 are Issuable to retire the $4,0 0 0 ,0 0 0 5s and $684,000 1st
prof, stock and $ 3 ,316,000 are reserved for future needs. V . 75, p. 980.
L A T E S T E A R N IN G S .— (1 9 1 1 .................... Gross, $378,769; net, $76,812
2 m os., July 1 to A u g. 31 1910-----------------Gross, 383,783 ; net, 83,010
R E P O R T .— Fiscal year ends June 3 0 . Report for 1909-10 In V . 91, p.
1247. In 1910-11, gross, $ 2,399,398; op er. Income, $457,845; other Income,
$125,628; lnt. on bonds, & c , $329,488; dlv. on stock, $88,400 . In 1909-10,
gross, $ 2,322,157.
P ics., W . W . F inley, N . Y .— (V . 93, p . 1105.)
GEORGIA SOUTHWESTERN & GULF RR.— Projected to extend from
A lbany, G a., southwest to St. Andrews Bay, F la., on the Gulf of Mexico,
with branch to Dawson, Ga.
In Feb. 1910 acquired control of the Albany
& Northern R y .. extending from Albany northeast to Cordelc, 37 miles, the
$400,000 Albany & Northern 5 % bonds being deposited as collateral for
part of purchase price.
V . 90, p. 109, 502. Stock au th ., $4,00 0 ,0 0 0 .
In
N ov. 1908 filed a $ 4 ,000,000 m tgc. to Carnegie Trust Co. of N . Y . to secure
5 % bonds, Issuable at $20,000 per mile. For year ending June 30 1911,
gross (35 miles), $107,100; net, $31,889; taxes, $ 4 ,7 5 5 . Pres., W . M .
Legg, 534 W ashington A v c ., Macon, G a.; Sec. and Treas., 14. J. Bruton.
— CV. 90, p. 167, 502.)
GETTYSBURG & HARRISBURG RY.— Carlisle to Gettysburg, P a., 31
m .; branch to Round Top, P a ., 3 m .; branch Pine Grove Furnace to Hun
ter’s Run, 8 m . (H unter’s Run & Slate Belt R R ., which was taken over
Got. 31 1910). The Reading Co. owns $547,900 of the $600,000 capital
stock; $535,000 deposited under Its gen. m tge. of 1896. The consol. 5s of
1891 were guaranteed by Philadelphia & Reading R R . (foreclosed).
GILA VALLEY GLOBE & NORTHERN RY.— Consolidated Feb. 1 1910
with Arizona Eastern R R ., Incorporated Feb. 1 1910.— (V . 9 0 , p. 447.)
GOUVERNEUR & OSWEGATCHIE RR.— Owns from Gouverneur to
Edwards, N . Y ., 13 miles. Stock, $350,000, all owned by N . Y . Central,
which guarantees the bonds. See V . 55, p. 810, and V . 56, p. 501.
55
R A IL W A Y STO CK S A N D BONDS.
O or., 1911.]
246,500
300,000
5 .791.700
920,000
4 ,455.000
4,750.000
79,000
£ 7 ,2 0 0 ,0 0 0
£ 2 ,1 0 0 ,0 0 0
£ 2 ,0 5 0 ,0 0 0
£ 1 ,5 5 0 .0 0 0
£ 4 ,0 0 0 ,0 0 0
See text
£ 2 ,2 9 2 ,1 0 0
£22,475,993
£10,590 ,555
£ 3 ,4 2 0 ,0 0 0
£ 2 ,5 3 0 ,0 0 0
£ 7 ,1 6 8 ,0 5 5
6
5 g
text
3 )4 g
4 )4 g
4 g
5 g
3 $ or £
4
4
4
4
4
4
Sec
&
&
&
&
&
&
&
&
&
L a s t D iv id e n d
a n d M a tu r ity
D iv id e n d s a re P a y a b le
N
N
J
J
S
s
N ov 2 1911 2 )4
do
do
N v 2 1911 2 )4
do
do
July 1 1945
do
do
July 1 1952
Mch ’ 12-Sept’ 12 Blair & Co, New York
To Mch 15 1920 Equitable Trust Co. N Y
o Apr 1 1 8 9 8
do
do
o Oct 1 1912
do
do
o Oct 1 1926
Various 1928 -19 29
J
& D June 1 1942
A & o Apr 25 1910 1 J4
J
& J July 1 1941
J
fc
J July 1 1941
A A o Oct 1 1936
F & A Feb 1 1958
J
& J Jan 1 1962
A & <) Apr 1 1955
A & () Apr 1 1 9 5 5
A & O Apr 1 1955
M & s Perpetual
ScmI-an 1919
M & N 1939
4 In 1911 Semi-an N v
5 for ’ 10 Semi-an N v
5 for '10 Semi-an Nov
See text Yearly M ay
N Bk Or Co, Goshen, N Y
Grand Cent Station, N Y
Office Grand R ap, Mich
W inslow ,Lanier& Co,N Y
do
do
Philadelphia, Pa
Philadelphia & Chicago
Bank of M ont, Lon & N Y
Co’s Office, London, or
Bank of Montreal,
New York
N Y , Montreal & London
11 ’ l l 2 % Check from Co’s Office
do
11 ’ l l 2 )4
do
do
11 ’ l l 2 )4
do
do
do
5 1911
>4
Sept. 1910; Edm onton west to W olf Creek, 130 miles, was opened F eb. 1910.
On mountain section, from W olf Creek to Edson, was completed Sept. 1910;
Edson to Fltzhugh, mile 1,027 west of W innipeg, was completed Sept. 1911,
making with Lake Superior branch, 1,460 miles of continuous line In opera
tion; 100 miles east from Prince Rupert was completed In 1910 and contracts
let for 314 miles additional. Contract has been let for 410 miles from
Tete Jaune Cache to Aldermcre, B . C ., which places entire main line W est
ern division under contract. Contracts have been let on all other portions
of the road to be built by the Government. V . 84, p. 1052; V . 86, p . 794,
1100; V . 87, p. 677, 873: V . 89, p. 224, 1217; V . 92, p . 956, 1238. Leases
Winnipeg terminals. V . 89. p. 666.
O R G A N I Z A T I O N .— Incorporated by Canadian Legislature in 1903. See
full statement In V . 8 0 . p. 996; V . 81. p. 1315. As to Grand Trunk Pacific
Branch Lines C o., see V . 90. p. 1044 (aEo bonds below); V . 82, p. 333;
V . 86, p. 1100; V . 88 . p. 295. 822, 1372, 1437. New lines. V . 89, p. 1482.
1562, V . 91, p. 1327.
In O ct. 1911 about 1,400 miles of branches
were under construction, of which about 500 to be completed In 1911. V . 92.
p. 881, 1238; V . 93. p. 1105.
S T O C K .— Authorized, $ 4 5,000 ,000 (par of shares, $100 each), of which
the $25,000 ,000 common Is owned by the Grand Trunk R y .
B O N D S .— The Canadian Government agreed to guarantee 3 % 1st m tgc.
bonds for an amount up to 7 5 % of the cost of construction of the Western
division, such amount ( a ) In the case of the Prairie Section not to exceed
$13,000 per mile, or £ 3 ,2 1 0 ,0 0 0 in all: and i b ) three-quarters of total cost
per mile from the mountains to Pacific Coast, called Mountain Section.
Total issue limited to £ 1 4 .0 0 0 ,0 0 0 ; Royal Trust C o.. Canada, trustee. In
July 1910 £ 5 ,2 0 0 .0 0 0 had been sold and £ 2 ,0 0 0 .0 0 0 was olfercd In London
at 8 2 )4 . payable O ct. 25 1910. V . 80. p. 9 96, 1234, 1363; V . 81. p . 5 07,
613: V . 89, p. 224, 286: V . 91 , p. 214, 276.
Series " A ” (Prairie Sec.) 4 % bonds, total issue limited to £ 2 ,1 0 0 ,0 0 0 , and
Series “ B” (Mountain Sec.) 4 % bonds, not to exceed £ 2 ,0 5 0 ,0 0 0 , are secured
by a second m tge. (National Trust C o., Toronto, trustee) on the railway,
equipment and tolls of the co .. Including Its leasehold Interest In the Eastern
Division, but not branch lines exceeding 6 miles In length, ships, grants of
lands (other than for railway purposes) and the rolling stock of the E a st.D lv .
or of the above-mentioned branch lines of over 6 miles. These bonds are
unconditionally guar, as to prin. and lnt. by the Grand Trunk R y . Co. See
form In V . 80. p. 996; also see V . 80, p. 996; V . 86. p. 794; V . 90 . p. 1165:
Although the mortgage to secure the 3 % bonds guaranteed by the Govern
ment ranks before the mtges. securing A and B bonds guaranteed by the
Grand Trunk R y . of Canada, yet an agreement schedule to an Act of 1904
provides In effect that in the event of default by the company for 5 years in
payment of the Int. on the 3 % bonds, the remedy of the Government shall
be to put In a manager with the concurrence of the company to operate the
Western Division and to collect and distribute net earnings of each particular
division p a r t p a s s u between the holders of the bonds guar, by the G ovt,
and the holders of the bonds guar, by the Grand Trunk R y . Co. in the pren
portion of 7 5 % of such earnings to the holders of the Govt bonds and 25
to the holders of the bonds of this division guar, by the Grand Trunk R y . Co.
In May 1909 the Dominion Government agreed to loan not exceeding
$10,000,000. repayable In 10 years or at any time on 6 months’ notice.
Interest thereon to be 4 % , payable semi-annually, secured by the com
pany’s bonds to the same am ount, maturing 1919. guar. prin. and ln t. by
the Grand Trunk, under a mtge. on the Prairie Section, subject to existing
prior liens. V . 88. p. 822, 1194, 1061, 1253: V . 90. p. 1165.
Lake Superior branch bonds, total Issue limited to £ l,o o 0 ,0 0 0 . are sc
oured by a 1st mtge. on all the 188-mlle Lake Superior D lv. and are guaran
teed, prln. and lnt., by the Grand Trunk R y. Co.
(V . 80. p. 996.)
In 1909 Acts were passed by the provinces of Saskatchewan and Alberta,
authorizing the respective provinces to guarantee, prln. and ln t., at the rate
of $13,000 per mile, first mtge. bonds to be Issued by the G r a n d T r u n k P a c i f i c
B r a n c h L i n e s C o . for the construction of new lines, viz., 670 miles In Sas
katchewan and 491 in Alberta, to be worked under agreement by the Grand
Trunk Pacific R y .
Power Is given to Issue additional bonds up to $2,000
per mile, making $15,000 per mile. In April 1910 £ 1 ,2 7 0 ,5 0 0 guar, by
Saskatchewan were offered at 98 )4. V . 90. p. 1044. 1165: V . 88. p. 1437.
D E B E N T U R E S T O C K .— In 1906 $ 2 5,000 ,000 debenture stock was au
thorized, of which $ 1 5 ,000 ,000 (£.3.00 0,00 0). Int. guar, by the Gr. Tr. R y .
under certain conditions (see V . 84, p. 570), to be Issued as perpetual deb.
stock: of this, £ 3 ,0 0 0 ,0 0 0 was sold In 1907 to 1909 and £ 1 .0 0 0 ,0 0 0 was
offered in Jan. 1910 at £ 9 2 ) 4 . V . 88. p. 624; V . 90. p. 303.
O F F IC E R S .— Pres.. Charles M . H ays. Montreal, Can.; Sec., Henry
Philips; Treas., Frank S c o t t — (V . 92. p. 956, 1242; V . 9 3 , p. 527. 1105.)
GRAND TRUNK RY. OF CANADA.— ( S e e M a p . ) — Quebec, Can.,
Montreal to Chic.. 111.; also to Portland, Buffalo, Detroit, Toledo, &e.
REPORTED
SEPARATELY.
SYSTEM P R O P E R .
M ile s .
M a jo r ity sto ck o w n ed .
M iles
Lines owned........................................2,952 Central Verm ont*............................
Grand Trunk W estern *________
L e a s e d — p a r tly o w n ed .
E n tir e sto ck o w n ed .
Atlantic f t St. Lawrence Portland, M e.,to Island Pond, V t . 165 Detroit Grand Haven & M i l * . .
Buffalo & Lake H uron.................. 164 T ol. Sag. & Muskegon.
Ctncln. Sag. & Mackinaw........................ 53 J o i n t l y o w n e d .
Other lines....................................... - 202 Detroit <5c Toledo Shore L l n e ..
531
347
191
96
Total in earnings.........................3 ,536
Total road____________________ 4 ,7 8 #
Car ferry, Grand Haven to Milwaukee. »See separate statement this Co.
As to Grand Trunk Pacific R y ., see that oompany above. V . 7 9 , p. 2587
On Sept. 30 1905 began operating Canada Atlantic R y. and guar., prin.
and in t.. Its 4 % bonds. V . 79, p. 9 67. 1331, 1 6 4 1 .2 4 5 5 . 2620; V .8 5 . p. 600.
In 1909 purchased stock of Pontiac Oxford & Northern. Pontiac, Mich,
to Casevllle, 100 m . V .8 9 , p. 1542, 1347.
The Southern New England R y . was chartered In April 1910 to build from
Palmer, M ass., at a connection with the Central Verm ont, to Providence,
It. I ., where It is planned to construot an extensive dock system , giving
the Grand Trunk a through line via the Central Verm ont from Montreal
to Providence. V . 91 . p. 154; V . 90, p. 447, 1044
DAWSON
RAILWAY STOCKS AND RONDS.
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RAILWAY STOCKS AND BONDS
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,
58
R A IL W A Y STO C K S A N D BONDS.
R A IL .R O A D C O M P A N I E S
[B'or abbreviations, & e ., see notes on fir st page]
M iles
R oa d
(Iran i! T r u n k R a ilw a y — (Concluded) —
• D eb en tu re sto ck £ 4 , 2 7 0 , 5 7 5 .............. .................................. 1 3 ,5 1 2
C o n solid ated d eb en tu re sto ck (collateral trust) cu m )
S ec on d equ ip m tg e (su b jeot to 1st M In t r u s t ) ___ cj
G reat W e ste rn p erp etu al d eb en tu re s t o c k __________ c 8 3 6 M
N orth e rn R y third preference A A H b o n d s ________c
49014
• D eb en tu re sto ck 4 % p erp etu al £ 4 2 5 ,8 5 0 ________,
M id lan d o f C an ad a cons 1st M £ 3 , 1 6 4 , 7 0 0 _________ c
455
P o n tia c O x fo rd A N o r 1st M 5 4 0 0 ,0 0 0 ............B a .c *
100
N e w E n g la n d E le v 1st M g gu d u e $ 1 0 ,0 0 0 y e a r l y . .
...
M on treal W a r e h o u sin g 1st M $ 1 ,0 0 0 ,0 0 0 gold g u a r .
...
B ran d T ru n k W e s te r n —
F irst M in t gu g $ (cur) A £ ( $ 1 0 ,0 0 0 ,0 0 0 b d s )___ F 3 2 6 .5
N ew m ortgage a u th $ 3 0 ,0 0 0 ,0 0 0 gu ar p & I ____
G reat N orthern — S to c k $ 2 1 0 ,0 0 0 ,0 0 0 ______ ____________
S t P M & M c onsol m tg e l (now 1st M ) g o ld _____C el
2 .5 4 9
for $ 5 0 ,0 0 0 ,0 0 0 ______ / ( V 91 p 5 1 8 ) sin k f u n d . . )
2 .5 4 9
2 .5 4 9
M o n ta n a E x t 1st M ( $ 2 5 ,0 0 0 p m ) g o ld _____C e .c ’ A r
420
P acific E x ten sio n M £ 6 ,0 0 0 ,0 0 0 g o ld ________C e . c 'A r
818
C B & Q col tr M g (sub to call a t 1 0 5 ) ________Sc* Ar
do
do
do
reg istere d ______ r*
M in n U n R y 1st ratgc go ld a ssu m e d ......... ................C c .c *
3
■do
do
do
_____________________
3
E o f M in n N o D lv M $ 9 ,7 0 0 ,0 0 0 g assu r e d . B a .c * A r
285
M on t C en t 1st M g ( $ 6 ,0 0 0 ,0 0 0 are 6s) a s s u m .C e .c A r
260
W lllm a r A S io u x F alls 1st M g assu m (end) -C c .c * A r
433
S p o k a n e F alls A N o rth first m tg e gold a s s u m .A la .c
132
O t N o r 1st A ref M g rod 10 5 beg ’4 1 ___ B a .x c * A r
7 ,4 2 9
G t N orth R y o f C a n — S ec C an ad ian N o rth Q u eb ec R y
(ir ca t Southern R R — 1st M $5,OO0,OOO g o ld -----------------...
C reen B ay & W e ste rn R R — S to c k (sec t e x t ) ---------------D e b en tu res Clas3 A Incom es t e x t n o n -c u m ________c*
C lass B In com es after 5 % on sto ck n o n - c u m ..c *
Date
B on d s
Par
V alue
A m ount
Outstanding
(1 8 7 4
{1 8 7 4
11869
Var
J1868
11884
1 8 82
1896
1901
1906
£ 1 0 0 £ 4 . 2 7 0 ,3 7 5
£ 1 0 0 £ 1 8 ,3 7 1 .5 4 2
£100
£ 3 7 3 ,0 0 0
£ 2 ,7 2 3 .0 8 0
£ 1 4 ,6 0 0
£ 3 2 2 .8 1 5
£ 8 5 6 .8 0 0
$ 4 0 0 ,0 0 0
$ 3 0 0 ,0 0 0
$ or £
1900
1911
$& £
1 5 .0 0 0 .
S ee t e x t
100 2 0 9 ,9 8 1 .8 7 5
1,000 1 3 .3 4 4 .0 0 0
1,000 21.220.000
1,000 8 .7 0 4 .0 0 0
1,000 a tO , 1 8 5 ,0 0 0
£ 1 0 0 A c, £6,000.000
1 8 83
1 8 83
1 8 87
1890
1901
1901
1 8 82
1 8 82
1898
1 8 87
1888
18 89
1911
1908
1 8 96
1896
Rate
%
4
£100
6
5
6
£100
1,000
1,000
5
6 g
3H e
1,000.000
$ 1 .0 0 0 & c |$107613500
1 .0 0 0 A c
2 .1 5 0 .0 0 0
6 5 0 .0 0 0
1 .0 0 0 A c d 9 ,7 0 0 ,0 0 0
1 .0 0 0 A c
3 .6 2 5 .0 0 0
2 2 9 .0 0 0
1 .0 0 0 & c 3 5 ,0 0 0 ,0 0 0
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000
10.000.
4
4
000 4 g
In 1911
6
4
4
4
4
4
4
6
5
4
&
5
000
0
g
A g
g
g
g
g
g
g
g
g
6 g
g
4K e
4 0 6 .0 0 0
5 g
2 .5 0 0 .0 0 0 5 F e b M l
6 0 0 .0 0 0 5 F eb ’ l l
7 ,0 0 0 ,0 0 0 M F e b ’ 11
[V o l. l x x x x iii.
W h en
P a yab le
L a st D ividen d
and M a tu r ity
J A J 14
Q— J
A
' & A
Places W here Interest and
D ividen d s are Pa yable
F
&
A
A
Irre d e em a b le
Irre d e em a b le
J u ly 1 1 9 19
Irred eem a ble
Irred eem a ble
A Irredeem a ble
J an 1 1912
J u ly 1 1 9 16
J u ly 1 9 1 2 -1 9 4 1
O Apr 1 1 9 3 6
A
J J u ly 1 1 9 50
B an k M o n t r e a l,N Y A L o n
Q— F
N o v 1 1911
A
J J u ly l 1933
&
J J u ly 1 1933
A
J Ju ly 1 19 33
A
D Jun e 1 1 9 37
&
J J u ly l 1 9 4 0
A
J J u ly 1 1921
J u ly 1 1921
Q— J
A
J J u ly 1 19 22
A
J J u ly 1 19 22
A
O 1 9 2 8 -1 9 4 8
A
J J u ly l 1 9 37
& D June 1 1938
&
J J u ly 1 19 39
&
J J u ly 1 1961
I H 3 2 N a ssa u S t , N e w Y o r k
do
do
do
do
do
do
do
do
N Y & L o n d , B arin g B ros
J P M organ & C o , N Y
do
do
3 2 N a ssa u S t , N e w Y o r k
do
do
'32 N assau N Y : L e o , I I , B os
3 2 N a ssa u S t , N e w Y o r k
do
do
3 2 N assau S t , N e w Y o r k
1st (8 m os) cou p J an 1 9 1 2
& O
A
Feb
F eb
F eb
G ly n , M ills, Currie & Co
London
B ankers T r u st C o , N Y
U n S D A T r C o , P o r tl’ d , M o
M on treal or L o n d o n
J J u ly l 1 9 2 8
See S iv As T r O '), P o r t.O '
Feb 6 1911 5 % O ffic e 4 0 W a l l S t , N Y
Fob 6 1911 5 %
do
do
F eb 6 1 9 11 'A %
do
do
• a $ 1 1 ,5 0 2 ,0 0 0 a d d itio n a l p led ged for P acific E x te n s Ion bo nds
d S u b je c t to c all a t 1 0 5 after A p ril 1 9 2 8
In 1911 a u th o r ity w as gtven to acqu ire M on tre al <Ss S ou th e rn C oun ties
(E lectric) R y ., Issue a d d ition al co n so l, d e b . sto c k , A c .
V . 9 1 . p . 1025.
1095: V . 92 , p. 1237.
S T O C K , A C .— T h e au th orized cap ital on Jun e 3 0 1911 w as £ 4 8 ,9 3 6 ,3 6 4
sto ck ( £ 4 0 ,1 8 4 ,6 0 3 Issued an d £ 2 ,7 5 1 ,1 6 2 u n issu ed ): a d v a n c es fro m C ana
d ian G o v t . In aid o f con stru ction a m o u n t to £ 3 ,1 1 1 . 5 0 0 .
P erp etu al c o n so l.
4 % d e b . stock a u th . b y A c t of 1 8 8 2 , an d later A c t s , has been Issued from
t im e to tim e to acqu ire securities o f com p an ie s con solid ated an d c o n tr o lle d ,
a m o u n tin g Ju n e 3 0 1911 to £ 9 ,1 5 0 ,1 2 .3 , and b earin g an an n u al Interest of
£ 4 7 0 .8 1 8 .
V . 7 1 , p .8 4 : V . 8 8 , p . 8 2 2 ,1 1 9 4 : V . 8 2 , p . 6 9 2 : V . 8 6 , p . 6 0 2 , 1 1 0 0 .
S ta tio n C o. b o n d s, V . 8 2 , p. 4 5 2 .
M on treal W a r e h o u sin g gu aran teed
b on d s, V . 8 3 , p . 3 7 .
G ran d T r u n k Pacific D e v e l. C o .. V . 8 6 . p . 1 0 4 2 : V .
p. 3 0 6 ; V . 9 1 . p. 1449: V . 92 , p. 1238: V . 9 3 . p. 11 07 .
D IV ID E N D S —
•99. ’ 0 0 . ’ 0 1 . ’0 2 . ’ 0 3 . ’ 0 4 . ’ 0 5 . ’ 0 0 . ’ 0 7 . '0 8 . ’ 0 9 . •10.
5
5
5
F irst p referred ___ %
5
5
5
5
5
5
5
5
5
S econ d p r e fe r r e d .%
5
5
2 )< 5
5
5
5
4
5
5
314 3
T h ir d p referre d . _ %
0
0
2
0
2
3
3
0
0
0
1
E A R N I N G S .— 2 m o s .. ( 1 9 1 1 ................... G ross, $ 6 ,8 8 4 ,8 8 0 ; n e t, $ 1 ,7 6 4 ,3 6 0
J u ly 1 to A u g . 3 1 .
( 1 9 1 0 __________ G ross. 5 ,6 0 6 ,2 0 7 : n e t, 1 ,5 6 5 ,5 6 4
For h a lf-y e a r en d in g June 3 0 1 9 1 1 , gross (p a r tly e s t .) , £ 3 ,5 6 1 ,2 0 0 ; n et,
£ 9 3 3 .0 0 0 , a g s t . £ 8 6 5 .5 7 1 ; net c h a rg e , £ 4 8 8 .6 0 0 ; a d v a n c e s, £ 8 1 ,4 0 0 ; d lv .
( 2 % ) on g u a r , sto c k , £ 2 1 1 .7 0 0 ; on 1st p r e f. ( 2 ) 4 % ) . £ 8 5 ,5 0 0 ; on 2 d p ref.
( 2 ) 4 % ) . £ 6 3 ,2 0 0 ; a d d in g £ 9 , 1 0 0 on hand D eo. 31 1 9 1 0 , leaves balan ce to
ca rry forw ard Ju n e 3 0 1 9 1 1 , £ 1 1 , 7 0 0 .
V . 93, p. 469.
R B P O R T .— S ta te m e n t for 1 9 1 0 w as In V . 9 2 , p . 1 2 3 7 ,
H a lf-y e a r ly
M e etin g A p ril 1 9 1 1 .
V . 92 , p. 1237.
1908.
1907.
Yea rs end. D ec. 3 1 —
1910.
1909.
« r o s s o a r n ln g s ___________£ 7 , 0 2 1 ,5 3 5 £ 0 ,4 9 9 ,3 7 1
£ 6 ,1 8 0 ,9 4 5
£ 7 ,1 4 4 ,5 0 6
T r a n sp o r ta tio n ex pen ses
5 ,2 4 6 ,7 5 2
4 ,8 3 2 ,3 4 0
4 ,4 7 6 .7 7 5
5 ,1 9 7 ,4 7 8
*0,
N e t ea rn in g s...................... £ 1 ,7 7 4 .7 8 3
T o ta l n et In c o m e_____
2 ,1 2 8 ,2 2 2
Deduct—
R e n t a l * ___________________
£ 1 5 5 ,2 0 6
I n t . on b d s. A d e b . sto o k 1 , 1 1 0 . 7 7 0
A d r . to c on trolled road *
1 2 9 ,1 2 1
D ivid e n d s on gu ar, sto ck ( 4 ) 4 0 2 ,7 7 5
do
1st p ref. sto ck ( 5 ) 1 7 0 ,8 4 1
do
2 d p ref. sto ck ( 5 ) 1 2 6 .4 2 0
do
3 d p ref. sto ck ( > 4 ) 3 5 ,8 2 3
£ 1 ,6 6 7 ,0 3 1
£ 2 ,0 0 0 .8 0 9
£ 1 ,7 0 4 ,1 7 0
£ 1 ,9 9 9 ,9 8 4
£ 1 , 9 4 7 .0 2 8
£ 2 ,2 2 0 .1 8 7
S toc k h old e rs In J a n . 1 9 0 7 su bscrib ed for $ 6 0 ,0 0 0 ,0 0 0 n ew stook a t p ar,
p a y a b le In in stallm en ts to A p ril 1 9 0 8 .
V . 83 . p. 1469; V . 8 4 . p. 7 4 9 .
.
D I V I D E N D S . - ) ’ 9 2 t o ’ 9 6 (in cl.) ’ 9 7 . ’ 9 8 . '9 9 . ’ 0 0 . ’0 1 . 1 9 0 2 t o N o v . ’ l l .
G reat N o r t h e r n ./
5 % y e a rly
5 H 6M
7
7
7
7 % y e a r ly , Q -F
A lso In 1 8 98 5 0 % In S ea ttle A M o n t, sto c k , w hich w as then ex ch an ged
for 4 0 % In G t. N o r. p ref.
V . 6 6 , p . 1 0 4 4 . 11 8 8 : V . 7 4 , p . 8 2 9 .
In M a y .
1 9 0 1 . J 4% and In N o v . 1907 l H % was paid from earnings o f L ak e S up erior
C o.
V . 8 5 , p . 9 2 1 ,1 4 0 5 .
A n d In D oe. 1 9 0 6 , unit for u n it, 1 ,5 0 0 ,0 0 0 shares
o f beneficial Interest In th e Iron ore p roperties.
S ee “ G eneral F in a n c e s.”
B O N D S .— S t . P aul M lu n . A M a n . consol, m tge. o f 18 83 Is for $ 5 0 ,0 0 0 ,0 0 !),
Is n ow a first lien on both land gran t an d 2 .5 4 9 m !lc3 o f ro a d . V . 9 1 . p . 5 1 8 :
V . 6 4 . p . 5 1 8 ; V . 8 6 , p . 2 2 9 : V . 8 7 , p . 15 33 ; V . 8 8 , p . 2 9 5 , 6 2 4 . 10 6 1 , 1 3 7 2 .
M o n ta n a Exten sion m tg e . Is lim ite d to $ 1 0 ,1 8 5 ,0 0 0 .
A b s tr a c t, V . 4 5 , p .3 4 2 .
P a c ific Exten sion m t g e ., £ 6 , 0 0 0 , 0 0 0 , a t £ 0 ,0 0 0 per m ile In M o n ta n a anil
£ 7 . 0 0 0 per mile west of M o n ta n a .
V . 6 6 . p . 1 0 4 4 , 1188: V . 8 0 . p . 1 1 1 1 ,
11 7 4 : V . 9 0 , p . 3 0 3 .
See a b str a c t of m t g e ., V . 5 2 , p. 8 2 .
In 1904 the G t. N o r th , an d N o r . l ’ ao. had acqu ired $ 1 0 7 ,6 1 2 ,6 0 0 o f th e
$ 1 1 0 ,8 3 9 ,1 0 0 C hicago B url. A Q u ln oy R R . sto c k , In ex ch a n g e for their
Joint 2 0 -y e a r 4 % gold b o n d s, secured b y th e d ep osit o f th e sto ck In tru st,
on basis o f $ 2 0 0 In bonds for each $ 1 0 0 sto o k .
See circu lar, V . 7 2 , p . 8 7 1 ,
1 0 3 4 , 1 1 3 5 , and a p p lication to list, V . 7 3 . p. 2 9 4 . 9 0 3 : V . 8 5 , p . 6 0 0 .
Eastern R y . o f M in n e so ta .— N o r . D lv . m t g e . of 1 8 9 8 lim ited to $ 9 ,7 0 0 ,0 0 0 ,
are red. at 105 after A p ril 1 19 2 8 .
V . 6 3 , p . 4 7 1 ; V . 8 8 , p . 10 0 2 , 1 2 5 3 .
T h e W lllm a r A Stour. F a lls bonds are gu a ra n tee d .
V . 56, p. 247.
T h e " f i r s t amt refun din g” 3 0 -y e a r bonds ( $ 6 0 0 ,0 0 0 ,0 0 0 a u th . Issu e), of
which $ 2 0 ,0 0 0 ,0 0 0 4 ) 4 s w ere sold In M a y 1 9 1 1 , are secured b y first lien,
d irectly or throu gh d ep osit o f sto o k , on 2 ,6 3 7 .2 5 m iles ot road a t th e rate
of $ 1 7 ,0 7 0 per m ile, an d by a general Hen (sub )eot to e x istin g liens a t the
rate of $ 2 2 ,8 2 2 per m ile on 4 ,7 9 1 .4 2 m iles, m a k in g the t o ta l m ileage c o v
ered 7 ,4 2 8 .6 7 ; also b y stan d ard eq u ip m en t c o s t ln g $ 5 9 ,0 7 3 ,1 8 0 , u pon $ 4 6 ,
2 0 0 ,0 6 8 of which It Is a first lien.
See V . 9 2 , p . 14 9 9 ; V . 9 3 , p . 87 1 .
P r o v isio n s R especting Issu a n ce o f the $ 6 0 0 ,0 0 0 ,0 0 0 B on d s Auth orized .
£ 1 5 5 .2 0 6
Sold for present p u rp o ses_______________________________________________ $ 3 5 ,0 0 0 ,0 0 0
£ 1 5 5 ,2 0 6
1 ,0 6 7 ,1 2 7
H eld In treasury o f c o m p a n y ---------------------------------------------------------------- 1 0 ,0 0 0 ,0 0 0
1 ,0 6 9 ,1 3 6
1 5 5 .7 0 4
R eserved to retire ex istin g o b lig a tio n s. Including th e $ 2 2 2 ,4 0 0 ,
1 5 3 ,3 5 0
(4 )
3 8( 4
2 ),4 6 3
3 3 6 ,7
0 0700 a u th . Issue o f N o r th e r n P ac lfio-G re at N o rth ern Joint 4 s,
( 5 ) 1 7 0 ,8 4 1 ( 5 )
due
1 7 0 ,8
4 1 1 9 2 1 , o f w hich $ 7 ,1 7 3 ,0 0 0 h a v e n o t y e t been Issued (no
( 5 ) 1 2 6 ,4 2 0
( 2 ) 4 ) 6 3 ,2 1 0
ad d ition al b o n d s, n o t p ro v id e d for In th e m o r tg a g e , arc to be
( 3 ) 2 1 4 .9 3 9
Issued or u n d erlyin g b o n d s e x te n d e d )-------------------------------------------3 3 3 ,1 0 2 ,0 0 0
R eserved for general c o r p o r a te p u rp oses, acqu isition of new
lines, A c ., and the p u rch ase or acqu isition of stock s an d b ond s
B a la n o e .............................. d e f .£ 2 ,7 3 4
d c f. £ 3 8 7 su r. £ 5 ,4 7 3 d c f. £ 0 , 4 7 7
1 2 2 ,8 3 8 ,0 0 0
o f other c o m p a n ie s____________________
O F F I C E R S .— P r e s ., C h a s. M . H a y s ; C h m n . o f B o a rd , A lfr e d W . S m it h R eserved tor th e a c q u isition an d c on stru c tion of n ew lines, ter
e r s.— ( V . 9 2 , p . 3 9 5 , 4 6 0 . 1 1 0 8 , 1 2 3 7 : V . 9 3 , p . 4 0 9 , 9 4 0 .)
m in als, A c ., a t n o t e x c e e d in g $ 3 ,0 0 0 ,0 0 0 In an y c a l. y e a r ___ 1 0 0 ,0 0 0 ,0 0 0
G R A N D T R U N K W E STE R N R Y .— (See M a p Grand T ru nk R y .) — O w n s
G E N E R A L F I N A N C E S .— T o ta l fu n d e d d eb t per m ile of road , ( 7 ,0 5 2 m .)
from P ort H u ro n , M ic h ., to Ohio. A W e s t . In d . R R . , a t C h icago, 3 3 0 m .,
In the hands ot the p ub lic June 3 0 1 9 1 1 , $20,4(18; sto c k , $ 2 9 ,7 7 8 .
V . 85.
and tra ck age Chlo. & W est. I n d ., 5 m .; to ta l, 3 3 5 m .
S to c k , $ 6 ,0 0 0 ,0 0 0 ,
p . 12 7 7 .
T r a ln -lo a u , 1 9 1 0 -1 1 , 5 2 3 to n s, jigalnst 5 1 8 In 1 9 0 9 -1 0 .
all ow n ed b y G ran d T r u n k .
V . 0 9 , p . 9 5 4 : V . 7 1 , p. 2 8 .
In M ay 1911 m ad e a “ first an d refu n d in g” m tg e . for $ 6 0 0 ,0 0 0 ,0 0 0 , u nder
B O N D S .— T h e G ran d T r u n k u n c o n d itio n a lly gu arantees th e Interest on
w hich $ 2 0 ,0 0 0 ,0 0 0 4 Ms were s o ld .
S ee B O N D S a b o v e .
the 1st 4 s .
T h e Incom es were called for p a y m e n t on D e c. I 1 9 10 a t 8 5 and
In O c t. 1906 a c o n tra ct w as sign ed for a lease of th e ore lan ds to th e U . S ,
a n y In t. then d u e .
V . 90, p. 1239.
J o in tly w ith T o le d o S t . L ou is A W e st
Steel C o r p .. to con tin u e u ntil th e ore Is e x h a u ste d , unless th e lease Is term i
ern gu arantees D e tro it & T o led o Shore L in e b o n d s.
V . 76, p. 653; V . 89,
n ated on J an . I 19 15 under th e o p tio n reserved to the S teel C o r p ., on a r o y
» . 1411.
a lty basis of $1 6 5 per ton standard ore w ith 3 .4 c ts. per ton Increase each y s .;
In M arch 1911 a u th o r ity w as gran ted to m a k e a n ew m tg e . for $ 3 0 ,0 0 0 ,0 0 0
m in im u m ton n age to be m in ed , 7 5 0 ,0 0 0 tons d urin g 19 0 7 , w ith 7 5 0 .0 0 0 In
to e x te n d and Im prove the road an d p rovide for purchaso o f th e P on tlao
crease each yoar u ntil 8 ,2 5 0 ,0 0 0 Is reach ed .
T h e Iron ore properties were
O x fo r d A N orthern R R . , P ontlao to C asevllle, M ic h ., 100 m iles, held In
transferred to Louis W . H ill, J am es N . H ill and W a lte r J . Hill as tru stees,
in terest o f o o m p a n y .
O f th e b ond s $ 7 ,0 0 0 ,0 0 0 c an n ot bo Issued w ith ou t
th e 1 .5 0 0 ,0 0 0 shares o f beneficial Interest In th e tru st equal to th e num b er ot
perm ission o f M ichigan R R . C o m m issio n .
G ran d T r u n k R y . will gu arantee
shares o f stock held being Issued D e c. 1 9 0 6 to G reat N orthern sto c k h o ld e r s.
principal an d In terest.
V . 9 2 . p . 7 9 5 , 1 1 0 8 , 12 4 2 , 1 4 3 6 .
T h e profits from the iron properties, after first d e d u ctin g th e 8 0 o . per ton
p a y a b le to the G t. N orthern R y . for carryin g th e ore to the d ock s on L a k e
E A R N I N G S .— 2 m o s ., /1 0 1 1 — ........... G ross, $ 1 ,1 2 3 ,9 1 8 ; n e t, $ 2 2 1 ,6 6 9
S u p erior, will be d istrib u te d , .along with a n y profits from o th e r ore le ases,
J u ly 1 to A u g . 3 1 .
( 1 9 1 0 __________ Gross,
8 9 3 .4 8 9 ; n e t,
1 5 7 ,1 8 8
a t least on ce a year to th e holders o f th e trust certificates.
S ee V . 8 3 , p .
Y e a r en d ing Juno 3 0 1 9 1 1 . gross, $ 6 ,3 3 9 ,1 1 2 ; n e t, $ 1 ,2 0 5 ,2 8 1 ; other in
8 1 8 . 9 6 9 . 12 2 8 . 12 9 0 : V . 8 1 . p . 6 3 5 . 6 9 3 . 7 4 9 , 9 9 6 : V . 8 3 , p . 8 5 5 .
V .9 3 .
c o m e , $ 3 0 2 ,1 4 1 ; charges, $ 1 ,6 8 2 ,0 0 8 : a d d ’ ns an d Im p ’ t s , $ 2 ,5 5 4 ; d eficit,
p. 11 08 . First d lv . on ore certs. $1 per share paid S e p t. 16 19 07 : M arch
$ 1 7 7 ,0 4 0 .— ( V . 9 2 , p . 7 9 5 , 1 1 0 8 , 1 2 4 2 , 1 4 3 6 .)
16 19 0 S . $ 1 .
S e p t. 15 1 9 0 9 , $ 1 : M oh . 15. S e p t, and Deo. 1 9 10 and M ch .
G R E AT NORTHERN R Y . — (See M a p s .) — O p erates a line from S t . P aul
1 9 1 1 , 5 0 cen ts e a ch .
V . 8 7 , p. 7 4 0 , 9 3 6 ; V . 9 0 . p. 56 2; V . 9 1 . p. 1330.
U l n n ., via S p o k a n e , W a s h ., to L o w e ll, W a s h ., on th e Pacifio C o a st, with
E A R N I N G S .— 2 m o s ../ 1 0 1 1 .............. G ross, $ 1 1 ,7 4 6 ,8 6 8 ; n e t, $ 5 ,4 1 0 ,1 7 6
c o a s t line to S e a ttle , and n um erous branches In M in n e sota, N e b ra sk a , N orth
J u ly 1 to A u g . 3 1 .
\ 1 9 1 0 . ............G ross,
1 1 .6 6 8 ,0 3 0 ; n e t .
4 ,6 2 1 ,1 8 3
an d S o u th D a k o ta , M o n ta n a , W a s h in g t o n , M a n ito b a an d B ritish C o lu m b ia .
L in e s owned in fe e .
M it e s .
L in e s owned in f e e .
M iles.
R E P O R T — For 1 9 1 0 -1 1 InJV . 9 3 . d . 1 1 0 0 . 1 1 0 9 ; ed ito ria l, p . 1 0 7 2 .
D u lu th ,
M in n ., to L a ra m ie,
S t . P a u l, M in n ., to L o w e ll,
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
1 9 0 8 -0 9 .
N o . D a k ______ _________
325
W a s h .......................................
1 ,7 9 0
A v e r a g o m iles o p e r a te d ...............................
7 ,2 1 4
7 ,0 2 0
6 ,8 0 8
S e a ttle to V a n c o u v e r ____________
156 S t . P au l, M in n ., to G ran d F o rk s,
P assen ger ea rn in g s...........................................$ 1 3 ,4 2 2 ,0 5 7 $ 1 4 ,3 1 1 ,8 0 0 $ 1 0 ,9 7 7 ,9 4 8
N o . D a k .....................
324
W lllm a r , M in n ., to Y a n k to n ,
Freight
.......................................
4
3
,3
7
9
4
6
,6
7
5
,7
3
4
3
9
,4
6
4
,8 1 1
S o . D a k _________________________ 2 0 5 V ariou s b r a n c h e s________________ 3 ,4 9 4
4 , 1 7 3 ,7 3 5
3 ,2 1 4 ,9 3 4
3 ,0 1 7 ,7 0 3
M a ll, ex press, A o ............................................
O per. under contract______________
18
G arrctson , S o . D a k ., to S io u x
O ther than tr a n s p o r ta t io n ........................
2 8 2 ,6 6 7
2 6 2 ,9 0 2
2 2 6 ,9 8 2
246
C ity . I a .. an d O ’ N e ill, N e b . . 2 0 8 Trackage.....................
S p o k a n e ,W a s h .,t o N e lson , B .O .
Pacifio J o t., M o n t ., to B u t t e ___
£ 1 5 5 ,2 0 6
1 .0 8 2 .9 7 4
7 2 ,1 5 4
( 4 ) 3 9 3 ,6 0 0
(5 ) 1 7 0 ,8 4 1
(o) 1 2 6 ,4 2 0
----------------
200
351
T o ta l Jun e 3 0 1 9 1 1 . ................... 7 .3 1 7
2 d , A c ., track s an d sid in g s____ 2 ,0 2 9
O w n s jo in tly w ith N o rth ern Pacifio th e S p ok an e P ortland A S ea ttle R y .,
55 1 m iles.
V . 8 5 , p. 12 7 3 : V . 8 6 , p . 1 5 2 9 .
D u ring 19 1 0 -1 1 71 m iles were
op en ed an d 4 2 4 m iles o f ex ten sion s were in progress. Including one from
l a r g o , N . D . , to S u rrey , 2 2 5 m iles.
V . 9 3 , p . 11 11 .
In D e c . 1 9 0 8 C hic. B u rl. A Q u ln oy (Jointly held) acqu ired control o f C olo.
A S ou th e rn , afford ing direct oon neotlon for th e H ill lines w ith th e G u lf of
M e x ic o .
V . 87 , p. 1664.
In 1 9 09 arranged to use jo in tly the N orthern
P acific lin e. S ou th T a c o m a to V a n c o u v e r , W a s h ., 135 m iles. V . 8 8 , p. 13 7 2 .
In D ec. 1909 con trol was acquired o f th e S p o k a n e A In lan d Etnplro (E le c
tric) R R . , op eratin g 2 4 7 m iles.
S ee “ E le c . R y . S e c tio n ,’ ’ V . 8 9 , p . 1 5 9 6 .
O R G A N I Z A T I O N .— In 1 9 0 7 -0 8 ab sorb ed S t . P aul M in n . A M a n . and
• th er road s th eretofore c on trolle d .
V . 8 5 . p . 6 0 0 , 1 2 0 9 ; V . 8 6 , p . 16 8 . 7 9 4 .
L A N D S .— D u e from land c on tracts Jun e 3 0 1 9 1 1 , $ 2 2 7 ,2 6 7 ; lan d u n sold ,
8 0 6 ,4 7 2 acres, to bo reduced a b o u t 6 6 0 ,0 0 0 acres b y a d ju stm e n t w ith U . S .
S T O C K .— In 1 8 9 8 surrendered th e righ t to Issue c o m m o n sto o k , all stook
b ein g ‘ ‘ o f a sin gle class w ith u niform righ ts an d p riv ileg e s.”
Gross op eratin g r ev e n u es........................ $ 6 1 ,2 5 7 ,6 3 3 $ 6 4 ,4 6 5 ,3 7 0 $ 5 3 ,6 8 7 ,4 4 4
N e t op erating rev e n u e ................................... $ 2 0 ,5 6 2 ,4 6 1 $ 2 1 ,8 5 6 ,9 8 1 $ 1 8 ,8 1 2 ,7 8 3
Gross corp orate In c o m o ................................ $ 2 3 ,3 3 7 ,4 7 1 $ 2 3 ,1 1 3 ,8 0 0 $ 2 2 ,5 6 6 ,5 8 3
R e n ta ls p a i d ...................................... _ .............
6 8 2 ,2 8 9 $ 2 5 5 ,2 2 8
$ 2 3 0 ,8 9 0
H ire o f eq u ip m en t b a la n c e ...... ................
- ............
1 2 5 ,3 8 7
___________
B on d Interest a c cru ed ..................................
5 ,1 1 5 ,5 1 4
4 ,8 2 3 ,1 8 4
4 ,7 2 6 ,5 3 6
K o o t. R y . A N a v . d e b ., Int g u a r _____
4 2 ,7 4 0
1 1 8 ,1 7 7
1 2 1 ,7 2 3
D ivid end s on sto ck ( 7 % ) ............................. 14 ,0 9 8 ,5 9 0
1 4 ,0 9 8 ,6 6 3 1 4 .6 9 7 ,4 7 3
B alan ce to Im p ro v ’ ts A r e n e w a ls -. $ 2 ,8 1 8 ,3 3 8
$ 3 ,0 9 3 ,1 6 1
$ 2 ,7 8 9 ,9 6 1
O F F I C E R S .— C h airm an , J a m e s J . H ill, S t . P au l; P r e s ., L o u is W . IIIU,
S t . P aul; V . - P . , R . I . F a rrin g to n , R ich ard A . J ack son ; V .- P . A T r c a s ., E . T .
N ich o ls, N . Y . ; A s s t. T r c a s. A S e c ., E . S a w y e r , S t . P au l; A s s t . S e c . and
A s s t . T r e a s ., N . T e rh u n o .
N ew Y o r k o ffic e, 3 2 N assau S t .
D irectors— J . J . H ill, Frederick W e y erh a eu se r, E . S a w y e r , R . I . F ar
rin g ton . R . A . J ack son , S am u el T h o r n e , L ou is W . IIU1, W m . B . D e a n . E . T .
N ic h o ls.— ( V . 9 2 , p . 15 6 4 ; V . 9 3 , p . 6 2 7 , 8 6 5 , 8 7 1 , 1 1 0 0 . 1 1 0 9 .)
GREAT SOUTHERN
R R .— See page 1 7 5 .
(iOT., 1911.1
59
R A IL W A Y STO C K S A N D BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first vage\
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
iAist Dividend Places Where Interest and
Payable i and Maturity
Dividends are Payable
$100
$2 0 0 ,000
Greene RR (New York)— Stock-------------------------J A D June 201911 3%
6
1,000
Greenwich & Johnsonville— 1st M $500,000 g._S.c&r
400.000
21 1904
4 g J A J Jan 1 1924
Grovcton Lufkin A Northern Ry— 1st M gold. ___
437,00i)
21 1909
5 £ J A J Jan 1 1939
Guantanamo & Western—1st M $600,000 gold___ K
600,000
1909
6 g
M A N 15 Nov 15 1929
Gulf Beaumont & K C— See Atch Topeka A Santa Fe
Gulf B & Gt Nor gold p A I guar end (text)__ AB.c
1,000
1.132.000
77 1900
5 g .T A J.July l 1930
500 Ac See text
1911
Gulf Fla & Ala— 1st M$10,000.000g redl()5.CoI,c*&r*
5 g J A J July 1 1961
Gulf Line— First mortgage 51,000,000 g o ld ________
1,000
See text
32 1907
5 £ M A S Sept 1937
1,000
Gulf & Sabine Valley— 1st M $300,000 gold_________
300,000
37 1908
5g
M A S15
6,750,000
100
Gulf & Ship Island—Stock------------- -------- -------See text
Q-J
Oct 1 1911, 1%
First refund and term M gold sink fund.. N.c'x&r*
307 1902 1,000 Ac 4.9S4.000
5 g ,T A J Feb 1 1952
• Gen A ref M gold, $200 000 due yrly red 103._Mnc*
1,000
1 ,0 0 0.000
307 1911
6 g
A A O April '13 1917
1,000
Gulf Term, ftlobilc— 1st M $700,000 g gu (text). c* Ar*
600.000
1907
4 g J A .T Jan 1 1957
1,000
Gulf Texas & West— 1st M $10,000,000 g red 105.Alp
1,529,000
5g
M A N Nov 1 1939
75 1909
Halifax & Eastern— First mortgage red---------------£100
5 £ J A D 30 1955
1905
(?)
Hancock & Calumet— See Mineral Range RR
Hannibal & St Joseph—See Chicago Burlington & QuI ncy
300,000
Harrlman & Northeastern— First mortgage gold__ Cc
100 Ac
J A J Jan 1 1916
20 1895
6 g
50 1.182,550 7 X In 'll J A J July 10 ’ l l 4
Harrisburg Portsmouth Mt Joy & Lane— Stock 7% gu
53
First M (extended In 1883) gu p A i Pa R R __ GP.r
700,000
500 Ac
4
J A J July 1 1913
53 1853
100
2,965.500
Hartford & Connecticut Western— Stock-------------2
124
F A A 31 Aug 31 1911 1%
First mortgage extended In gold In 1903................
1,000
700,000
J A J July 1 1923
124 1883
4X
Hawkinsv & 1-1 So— 1st M S400.000 gold guar p A I .
1,000
325,000
5 g A A O 1952
44 1902
Henderson Bridge Co—Sec Louisville & Nashville RR
100
2 0 0,000
A A O Oct 10 ’ l l 1 H
Hibernia Aline RR— Stock------------------------------ .
3
4X
Hocking Valley Ry—Stock common to be 526.000.000
100 1 1 ,0 0 0,000 4 In 1911 .1
A J Julyl7 1911 2%
Columbus A Hocking Valley first mtge gold____ o*
1,401.000
500 Ac
4g
A A o Oct 1 1948
76 1867
Col A Tol 1st M gold ext 1905 (V 81 p 211) _._S.c*
1.000
2,441,000
F A A Aug 1 1955
4g
118 1875
First consolidated mortgage $20,000,000 gold__ Cc
346 1899 1,000 Ac 16,051.000
4 X g 1 A •TJuly 1 1999
Car trusts gold last Installment (V 75 p 741)____ S
1,000
80,000
1902
4 x e M A N May 1912
Equip notes gold Ser A due $23,000 s - a . . ___ Usm
1,000
253,000
4
F A A Feb’ 12-Feb’ 17
1907
.
_
do
do
Ser B due $48,000 s-a................
1,000
528,000
1907
4
F A A 15 To Feb 15 1917
do
do
Ser C due $37,000 s-a................
1,000
407,000
1907
4
A A O To Apr 1 1917
do
do
Ser E due $25,000 s-a__________
1,000
1907
300.000
F A A Feb’ 12-Aug’ 17
4
1.000
do
do
Ser I of 1908 due $25,000 s-a S.xc*
1908
325,000
4 g F A A 15 To Feb 15 1918
Bonds of coal companies guaranteed— Sec Sunday Creek Co und er “ Indu strlals”
D L A W, 90 West St
Standard Trust Co. N Y
New York
5 Nassau St, N Y
Treas office, St L, Mo
Buffalo, N Y
Metropolitan Tr Co, N Y
do
do
Franklin Trust Co. N
Metropolitan Tr Co, N Y
Company’s office, Phlla
Union S B A Tr Co, Cin
See Central of New Jersey
U S M A Tr Co, N Y
GREEN BAY & WESTERN RR.— Hoad owned from Green Day, Wls.,
REPO RT.— Report for year ending June 30 1911 In V. 93, p. 1102.
to Marshland, Wls., 209 miles, branches, 13 m.: trackage to Winona, 4 m.
Year—
Gross.
Net.
Other Inc. Charges.
Balance.
$034,014
$12,698
$358,345
$288,967
SECURITIES.—There are no fixed charges on the property other than 1910-11...........$2.0)4,790
048.190
14,170 371,021
291.339
taxes, nor can any be placod thereon or the property be sold or leased 1909-10........... 2.094.076
without consent of 75% of stock. Class A debentures are entitled to 2 X %
Dividends (4%) paid during 1910-11 $270,000, agst. 5262.500 In 1909-10.
Interest, If earned, then common stock to 214%, then the two share ratably,
Pres., J. T. Jones, Buffalo, N. Y .— (V. 92, p. 460; V. 93, p. 1102.)
but after 5% on both, class B Is entitled to all surplus earns. V. 01, p. 471.
GULF TE RM IN A L CO.. AlOBILE. — Owns union passenger station and
DIVS.—
’98. ’99. •oo. ’ 0 1 . ’ 0 2 . ’03. ’04. ’05-’07. ’08. •09. ’ 1 0 . ’ ll.
approaches at Mobile. Ala., leased by the Southern Ry. and Mobile & Ohio
Class‘‘A ” debs % 2 X 2 X 2 X 3
4
4
4 5 y’ly
5
5
5
5
RR., which own the stock and guarantee the bonds.Jointly and severally,
S tock_______%
4
5
5
4
4 5 y’ly
5
5
p. A I., by end. Franklin Trust Co., N. Y.. Is mtge. trustee.— V. 84, p. 50.
IX 2 X 3
Class*'B"debs . .
X
X
X
OULF T E X A S & WESTERN R Y .— Projected from Burr’s Ferry to
EARNINGS.— 12 mot..11910-11.........Gross, $038,785: net. $198,589 Benjamin, Tex., 475 miles. Completed Jacksboro to Seymour, 75 miles.
July 1 to June 30.
11909-10.........Gross, 009,092; net,
211,025 Stock auth., $500,000; outstanding July 1911, S250.000; parof shares. $100.
Of the first 5s ($10,000,000 auth. Issue), $1,529,000 have been Issued on the
REPO RT for year ending Deo. 31 1910 In V. 92. p. 875.
Balance, first 75 miles. V. 89. p. 993, 1223: V. 90, p. 109: V. 93, p. 44. Equipment
Cal.
Cross Net after DU. cm
Dividend
Div. on
Year. Earns.
Taxes. Deb. " A ." on Stock.
Deb. "13." Sur.orDe/. trusts, $27,200 5s. due seml-ann. from about Aug. 1909. For year ending
1910 .$059,501 $177,100 (5)$30.000 (5)$125,000 (H)$35,000 def.$12,900 June 30 1911 (74 miles), gross, $85,287; op. def., $11,169; taxes, $4,973.
410 Pres., J. J. Jermyn, Scranton, Pa.; V.-P. and Gen. Mgr., Ben. B. Cain,
1909 . 588.919 172,910 (5) 30.000 (5) 125,000 (X ) 17,500 sur.
DIRECTORS.— S. S. Palmer, Pres.: Charles W. Cox, Sec. and Treas., Dallas, Tex.; Sec. A Treas., W. Frank Knox, Dallas, Tex.— (V. 93, p. 44.>
HAMPDEN R A I L R O A D C O R P O R A T I O N — V. 93, p. 1022.
40 Wall St.:'C. Ledyard Blair, J. A. Jordan. W. J. Wilson.— (V.92. p. 875.)
HARRIMAN & NORTHEASTERN RR.— Harrlman to Petros. Tenn., 20
GREENE RR.— Owns road from Chenango Forks to Greene, N .Y ., 8
miles.
In Jan. 1903 entire stock acquired In the Interest of the Cincinnati
miles. Leased to Delaware Lack. & Western for term of charter for 6 % on
stock. Stock, $200,000: par, $100. D. L. A W. owns $200,000 7% bonds. New Orleans A Tex. Pac. Ry., but Is operated separately. V. 76, p. 157.
DIVIDENDS.— In 1907, 4%: 1908, 2 X % : 1909 (June), 2%. Stock.
GREENWICH & JOHNSONVILLE RY.— Owns from Schuylervlllc, N .Y.,
to Johnsonvllle, N. Y., 21 m. Stock, $225,000, all owned by Del. & Hud $600,000. Year to June 30 1911, gross, $119,320; net, $54,492. In 1909
son Co. V. 90, p. 790. Bonds, see table above. For year ending June 30 10, gross, $99,334; net. $36,054; sharges, $28,709; bal., sur., $7,345. 1911, gross, $117,484; net, $58,914; charges, $45,260; dlv. (4%), $9,000; (V. 76. p. 212.)
bal.. $4,054. Pres., I. C. Blandy, Greenwich, N. Y .— (V. 8 6 , p. 1224.)
HA RTFORD & CONNECTICUT WESTERN R Y — Hartford. Conn., to
Rhinecllff, N. Y., 110 miles, and branch, 14 miles. Leased till Aug. 1940
GROVETON LUFKIN a NORTHERN RY.— See page 176.
Central New England Ry. (now controlled by New York New Haven A
GUANTANAMO & WESTERN RR.— Owns from Roqucron at Granadillo to
Bay on south coast of Cuba, via San Justo and La Maya to San Luis, with Hartford RR ), the rental paying charges and 2% per annum on the stock,
of
which
$1,640,000 owned by lessee.— (V. 83, p. 213, 1290.)
branches to various sugar mills: total mileage, 80.90 miles. Incorporated
In Maine Sept. 1909 and took over March 1 1910 per plan (V. 8 8 , p. 294) the
H AVA NA TE RM IN A L R R .— V. 92. p. 594.
Cuba Eastern RR., Northeastern Cuba RR., Cuba Eastern Terminals Co.
H A W K I N S V IL L E & FLORI DA SOUTHERN R Y .— Worth to HawlUnsand Eastern RR. of Cuba, foreclosed Aug. 1909.
vllle, Ga.. 44 miles. Leased May 1 1007 to Gulf Line Ry. until April 1 1952,
Stock authorized and Issued, common, $2,750,000: 1st pref. 7% non-cum., with option of purchase. V. 84, p. 1247. Stock, $100,000, acquired In
$2,750,000, and 2d prcf.5% non-cum., $250,000; par of all shares, $100 each. April 1904 by Georgia Southern A Florida, which guarantees bonds (see
E ARNING S.— For 4 mos. ending June 30 1910, $122,882: net. $30,203. table above), principal and Interest. Year ending June 30 1907, gross,
DIRECTORS.— F. Q. Brown (Chairman), Robert Sclden Huse (Pres.), $55,174; net. $8,247: total deduc., $13,542; bal., def., $5,295. Pres., J. B.
William Barbour (Vlco-Pres.). D. II. Thomas (Sec. and Treas.), F. C. Wal Munson; Treas., W. P. Hopper, Macon, Ga.— (V. 84. p. 1247.)
HIBERNIA MINE R R. — Owns Rockaway to Hibernia Mines, N. J..
cott, I. McD. Garfield, W. Harris Roomc, I. H. Lehman, P. Chauncey
Anderson. N. Y. office, 31 Pine St.— (V. 89. p. 1069.)
414 m., leased to Cent, of N. J. to Oct. 1930 at $6,000 y!y.— (V.91,p.1706.)
GUAYAQUIL & QUITO RY.— Sec Issue of April 1911.
HOCKING V AL LE Y R Y . — The company’s main line extends from
GULP FLORIDA & ALABAMA RY.— Projected to acquire certain exist RockXvell to Columbus, 120 miles: Columbus to Athens, 76 m.; Logan to
Pomeroy,
83 in.; total main line, 279 miles, with trackage (Penn. RR. sys
ing roads extending from Freemansvtlle, Ala., to Muscogee, Fla., 05 miles,
and, by extending them, to complete a direct line from Pensacola, Fla., tem) Toledo to Walbrldgc, 5.5 m.; (L. S. A M. S. Ry.) Toledo to Rockwell
through timber and agricultural districts to coal and mineral terrltorv of 2.5 m.: (P. C. C. A St. L. Ry.) Columbus, O.. 5 m.; total main line and
Northern Alabama, connecting with Illinois Central and St. Louis A San trackage, 287.5 miles. Branches, 45 m.; leases W. & J. B. Ry., Dundas to
Francisco at Jasper, Ala. (41 miles from Birmingham, Ala.), a total of Jackson, 17.5 m.; total, 350 mllesisecond track, 50 miles.
about 205 miles, with about 33 miles of branches. In Sept. 1911 was build
HISTORY, Ac.— Successor Feb. 25 1899. per plan V. 6 8 , p. 231, of
Columbus Hocking Valley A Toledo Ry. foreclosed. The coal lands aggre
ing 20 miles to Southern States Lumber Co. road at Cantonment.
Auth. capital stock: $1,500,000 5% non-cum. pref. and $0,000,000 gate about 20,975 acres, and are covered by the consolidated mortgage.
common: par $1 0 0 .
STOCK.—The $15,000,000 pref. stock was called for payment at par on
BONDS.— Of the 1st 5s ($10,000,000 auth. Issue) $7,500,000 are Issuable April 30 1910 and after dissolution of a temporary Injunction was retired,
for main line and terminals, at not over $20,000 per mile: $500,000 for about $10,000,000 thereof being provided by the sale of the holdings In
terminals, Ac., In Pensacola; $500,000 for bridges over Alabama and Toledo A Ohio Central and Zanesville A Western stock (see below) and the
Warrior rivers and $500,000 for extra heavy work In Alabama. The re remainder borrowed. The stockholders were to vote May 11 1910 on
maining bonds are reserved for lmprovemctns or additions at 90% of cost. Increasing the authorized common stock from $11,000,000 to $26,000,000,
V. 93, p. 10.3. Underwriting of a first $1,000,000 bonds was offered by but action has been restrained pending trial of the suit of three minority
Mcgargel A Co.. N. Y. City, In July 1911. Pres., Roy C. Mcgargel, 5 Nas stockholders. V. 90, p. 976. 1239. 1296, 1363, 1614; V. 91, p. 154; V. 92.
sau St., N. Y.; See., Henry Ilyor; Treas., W. K. Ilycr Jr. Office, Pensa p. 1032, 1701; V. 93, p. 1022.
•
cola. Fla.— (V. 93. p. 103.)
SALE OF STOCK, Ac.— The Chesapeake & Ohio owns $8,825,800 of the
GULF LINE RY.—Owns Ashburn, Ga., to Brldgcboro, 32 miles; track $11,000,000 outstanding stock (Including $6,347,800 acquired In March
age, Ashburn to Worth, 3 miles: leases'fto April 1 1953, with option to pur 1910.) The Lake Shore A Mich.Sou.and Ches. & Ohio acquired the Kana
chase) Ilawklnsvllle A Florida Southern, Hawklnsvllle to Worth, 42.5 miles; wha A Michigan stock formerly held In the interest of the Hocking Valley
total, 77.5 m. Extension from Brldgcboro to Camilla, 20 tn., completed and the Lake Shore purchased nearly all the stock of the Toledo A Ohio
Oct. 1911. Sold to Eastern capitalists early In 1910. V. 90, p. 502. Stock Central (the last-named having been held by the Kanawha A Michigan) and
auth., common, $400,000: pref., $100,000. Bonds auth., $1,000,000 30- all the stock and bonds of the Zanesville A Western. V. 90, p. 771, 849, 977.
year gold 5s, Atlanta (Ga.) Trust Co., trustee; $30,000 Issued for extenson
DIVIDENDS.— On common, July 1901 to Jan. 1907, Incl., 3% per annum;
and $25,000 In treasury July 1911. Bills payable, incl. equlpt. notes,
•Tune 30 1911, $49,000. For year ending June 30 1911 (77.5 miles), $149, July 1907. 2%: 1908 to 1910. 4% (J. A J.): 1911, Jan., 2%; July, 2%.
BONDS.— The consols ($20,000,000 authorized), besides a lien on the
388; net, $40,135: charges, $39,861; bal., sur., $274. Pres., It. W. Wat entire
property, subject only to $3,842,000 prior bonds, have a first Hen on
son; Soc. A Treas., Geo. L. Twlgg, Sylvester, Ga.— (V. 93, p. 104.)
all the coal lands; $3,842,000 consols are reserved to retire the existing bonds
GULF & SABINE RIVER RR.— See page 170.
(the latter may be extended at maturity). V. 72, p. 338; V. 74, p. 103S:
GULF & SHIP ISLAND RR.— Company owns from Gulfport, on Missis V. 80, p. 229. Substantially all of the bonds and stock of the Ohio Land
sippi Sound. Gulf of Mexico, to Jackson. Miss., 160.5 m.; Columbia dlv., A Ry. Co. and the Wellston A Jackson Belt Ry., 18 miles, are deposited
Maxle to Mendenhall, 104.75 m. Branch from Saratoga to Laurel 41 75 under said mtge. V. 6 8 , P 823. Guarantees Kanawha A Hocking Coal A
miles; total, 307 miles. Important harbor Improvements have been con Coke Co. bonds. V.74,p.271: V. 77, p. 2393; V. 81, p. 507,781: also Con
structed at Gulfport, Including an extensive system of docks, piers, Ac.: also tinental Coal Co. bonds. V. 75. p. 497, 987; V. 8 8 . g. 1127. In June 1908
control of Sunday Creek Co., which operates all the coal properties (see
7 -mlIo channel to deep water. Capital stock, $6,750,000 (par $100).
“ Industrials” ) , was sold, to be held In trust and re-conveyed to company
DIVIDENDS.—April 1903 to July 1910, 4% yearly: 1911 4% ( 1 % Q-j )
case litigation ends favorably. V. 87, p. 815; V. 8 8 , p. 1135; V. 91. p.
BONDS.— Of the first 5s ($5,000,000 authorized). $4,9S4.000 are out In
standing, remaining $16,000 being reserved to retire a like amount of old 1235. Other litigation, see stock above.
EARNINGS.— 12 mos., (1910-11___ Gross, $7,172,731; net, $2,572,681
bonds still outstanding. A yearly sinking fund of 1% of bonds outstanding
July 1 to June 30. \1909-10___ Gross, 7,783,033; net, 3,0*13,204
which became operative Jan. 2 1905 may purchase bonds at not exceeding
110 , but the latter cannot be drawn; bonds so purchased to be kept alive
AN N U A L REPORT.—Traffic Is mostly freight, and over 6 8 % of this Is
In the sinking fund as an Investment. In Tu y 1911 5410,000 bonds were bituminous coal. Average train-load Is large—In 1910, 649 tons.
In the sinking fund. Sec V. 74, p. 420, and application to list, V. 74, p.
Report for year ending June 30 1910 In V. 91, p. 863. 884.
1257: V. 81. p. 204. Of the gen. and ref. 6 s of 1911 (51.000,000 authorized
Year ending June 30—
1909-10.
1908-09.
1907-08.
Issuo) $500,000 were sold to retire the 5500,000 6 s due April 1911 and the Operating revenue....... ..................... $7,569,330 $5,878,414 $5,841,763
remaining $500,000 were sold for the construction of the Columbia branch, i Net (after taxes)...........................
$2,627,580
$1,716,592$1,533,887
V. 92. p. 400.
Other Income..................................
1,090.989
1.008,9951,019.926
EARNINGS.— 1 mo.,/1911.......
...Gross, $156,501; net, $46,373 >
July 1 to July 31. \1910___
.Gross,
151.720; net, 48.739
Gross corporate Income..................$8,718,569 $2,725,587 $2,553,813
RAILWAY STOCKS AND BONDS.
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'\TxWeiser
Vale
Qntarii
YeU ow slon e'~La ke
Buffalo O
M rark
Worland
T H E
GREAT NORTHERN RAILWAY
Salmon City
.Great Payette L,
’ Bonanza City0
irlngfleld Jc.
O F
Musselshell
Oideil
Enterprise
Q CanyonCityQ ‘
M A P
>zeim
Norris
Medora
Ketchum
Tbermopolls:
Boise City
Edgemoijt
Blackfoot
(W E STE R N SECTION)
Shoshone Je.
Pocatello
PotttierRlYer Casper
CtVwford
RAILWAY STOCKS AND BONDS
o
62
R A IL W A Y STO CK S A N D BONDS,
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Honduras Nat— 1st M $10,000,000 auth red 105 aft ’ 15
Hoosac Tunnel & Wilming— 1st M $250,000 auth g OB
Hous Belt & Ter— 1st M $5,000,000 g red 105 textCec'
nous E & W Texas— 1st M gu p * I by So P ac.. Un.c
First mtge $3,000,000 gold not guaranteed__
Hous & Tex C RR— 1st M Igrgred llO lnt gu.Ce.c*&r
Cons M land grant gold red at 110 Int guar..F,c*&r
General mortgage gold Interest guar end__Mp.c*&r
Waco & N W Dlv 1st M g $25,000 p m___ Ce.c*&r
(merged) 1st M g gu p & L-M p.c*&r
Ft Worth & New Orleans 1st M (Wax to Ft VVorth)
Mortgage on cut-oir $3,000,000 authorized_____
Hudson Companies—Common stock $5,000,000
Pref 7% cum and partlc see text $16,000,000........_
Secured convertible gold coup notes call at par____
do
do
do
do
__________
Secured gold coup notes not convertible__
Secured convertible gold notes.
.
_
Hudson & Manhat— 1st M $100,000,000 conv.S,xc*&r
New York & Jersey first mortgage red HO-.G.c*
Car trusts $46,000, due semi-annually__________ G
Car trusts ser IJ g due $25,000 s-a (V91,p 1253)G.c
Car trust series C (see text)____________________
Huntingdon & Broad Top— Common stock________
Preferred stock 7% non-cumulatlvc____________
First M extended In 1890 (Int only In gold)___ GP
Second M old 7s extended In 1895 p & 1gold___ GP
Third M consol extended In gold In 1895.-GP.c*
14th Ser car trust last Installment__________ PeP
Car trusts gold due $33,000 yearlyfV 84,p 1424)-Idaho & Wash Nor— First M gold red text________ IC
Five-year convert notes red text____________ G.c*
I daho Southern— 1st lien notes part due y’ly red 102 )4
Year ending June 30—
1909-10.
Fixed charges, &c__________________ $1,178,804
Dividends on preferred____
533.028
Dividends on common, 4%.
440.000
Improvements_____________
101.754
1910
25 1892
1907
191 1893
191 1893
453 1890
453 1890
453 1890
58 1900
103 1891
41 1895
94 1910
Par
Value
$1,000
1,000
1.000
1.000
1.000
1.000
1,000
1.000
1,000
1,000
100
100
1909
1,000
1910
1,000
1910
1,000
1910
1,000
1907 $, £ or fr
1902
1,000
1909
1,000
1910
1,000
1911
50
50
1854
500
1857
500
1805
1,000
1899
1,000
1907
1,000
113 1907
1,000
1910
1,000
1909
1,000
1908-09.
$1,209,597
600.000
440,000
79,655
1907-08.
$1,189,131
600,000
440,000
101,754
Amount
Outstanding
Rate
When
Payable
(?)
6
$236,000
5g
4.295.000
5g
2.512.000
5g
488.000
5g
1.769.000
5g
226.000
6 g
4.275.000
4g
1.105.000
6 g
1.920.000
5g
709.000
6
None Jne’ l 1
6
5.000. 000
16,000,000
1.000. 000
10,000.000
6 g
1.500.000
5g
8.00
,i 00 6 g
64,379,000
414 g
5.000,000
5g
690.000
5
450,000
5g A
See text
1,371.750 See text .1
2 ,0 0 0,000 See text J
416,000
A
4g
367,500
4g F
1.497.000
A
5g
30.000
T
4
330,000
4)4 g A
3.390.000
vr
5g
1 ,2 0 0,000
6
T
500,000
6
M
§s
[VOL. LXXXX111.
&
&
&
&
&
&
&
&
&
&
&
Last Dividend
and Mattrrily
Feb 1 1940
Sept 1 1922
July 1 1937
N May 1 1933
N May 1 1933
J July 1 1937
O Oct 1 1912
O Apr 1 1921
N May 1 1930
J July 1 1941
D Dec 1 1925
1940
Places Where Interest and
Dividends are Payable
)ld Colony Tr Co, Boston
lentral Trust Co, N Y
20 Broadway, New York
do
do
120 Broadway, NcwYork
do
do
do
do
do
do
do
do
do
do
Aug 1 1912
Harvey Fisk & Sons, N Y
Feb 1 1913
do
do
Nov 15 1913
do
do
& 015 Oct 15 1913
do
do
& A Feb 1 1957
Standard Trust Co, N Y
Feb 1 1932
Guaranty Trust Co, N Y
Mch '12-Mch ’ 19
do
do
&
Apr ’ 12-Oct ’20
do
do
&
&
&
&
&
&
ft,
&
&
&
Jan 28 1904 1% Phlla office,No Am Bldg
Jan 25 1908 3H
do
do
Sept 30 1920
do
do
Feb 1 1925
do
do
Mch 31 1925
,
do
do
Dec 1 1911
Penn Co for Ins,&o..Phil
To Oct 1 1921 Phlla Tr S D & Ins Co
May l 1932
111 Tr & Sav Bk, Chicago
..................................
Deo 1 1915
May 1 ’ 12-’ 14
Cotnmonw’h Tr Co.pftts
Man. RR. 1st M. 4)4% bonds, $32,175,000: Preferred sharos, $2,307,613,
and common shares $25,155,708; Greeley Square Realty Co. 5% bonds
cash $1P022 9 9 7 ’ * 2’450,000’ and pref- and common shares $2 ,0 0 0 ,0 0 0 ;
REPO RT.— Report for cal. year 1910, V. 92. d 113 Traffic of the
f I m T K r T O R s a /tnR R w ° p ao l i ? ' 1911 about 54,000,000 persons per ann.
r
Oakman, Pliny Fisk, Grant B. Schley, W. C.
Lane, John W. Simpson, Wm. M. Barnum, Albert A. Tilney, Kenyon B.
Barnum, Charles F. Adams 2d, Arthur B. Wester
ns i - r 5”
irr1
.-.W- G- Oakman, Pres.; Win. Henry Barnum, V.-P
and Treas., W. G. Kinney, Asst. Treas. and Sec.; Wm. Everdell, Asst.
Sec. Office, 62 Cedar St., N. Y .— (V. 92. p. 113. 322. 881, 1242, 1436.)
h
MANHATTAN R R . — (See M a p . ) — Owns and operates
?,?n n t i A u' nne* fr°™
Ave- and 33d St.. N. Y. City, under the Hud|°.“ m
& West. RR. station, Hoboken. N. J.. about
nV,’ ta.9,enccJ
1908: also double-tube tunnel from Hoboken southHV3 ? r e ^P.d Pennsylvania RR. stations In Jersey City and
under the Hudson River to the Hudson Terminal Buildings on Church
nnnnorf ^°T.u
nr«Rroad,'Yay) ’ extending from Cortlandt to Fulton Street,
° P'rh<i<iu,tV {Uly
1909. making total double-track tunnel In operation 7 ).fm.
lone
ne between 23d and 33d Sts. was opened on Nov. 10 1910. In May
i “9.) permission was granted for further extension to 42d St. and Grand
«
on.Vv, A branch wU1 also be built from 6 th Ave. under 9th St. to
a connection with the Subway at 4th Ave. V. 87. p. 37, 614, 1011- V 88 d
$396,334
$222,928
Balance, surplus........................... $1,464,983
OFFICERS.— Pres., Geo. W. Stevens, Richmond, Va.; Sec. and Treas.,
J. Steuart MacKIc, New York; Asst. Sec. and Asst. Treas., W. N. Cott,
Columbus.
DIRECTORS.— Frank TrumbuU (Chairman), Edwin Hawley, F. A.
Vanderllp and Thos. H. Hubbard, New York: Geo. W. Stevens and Decatur
Ax tell, Richmond, Va.; J. B. Zerble and James II. Hoyt, Cleveland; P. W.
Huntington, S. P. Bush, R. S. Warner, Columbus, O.; Clarence Brown and
S. C. Reynolds, Toledo, O.— (V. 93, p. 1022.)
HOOSAC TUNNEL & WILMINGTON R R .— NARRO W GAUGE.—
Hoosac Tunnel, Mass., to Wilmington, Vt., 25 miles. Stock, $250,000: par,
$100. Dividends: In 1903, 2%; year 1905-06. 3%; 1910-11, 10%. Earnings
for 1910-11, gross, $91,543: net, $31,575: Int. and taxes. $13,903; bal., sur.,
$17,672. Pres., John P. Bellas, Malone, N. Y .— (V. 79, p. 903.)
HOUSTON BELT & TE RM IN AL R Y . — Owns a terminal line In and
around Houston, Tex., 20 miles, with large freight and passenger ter
minals. Controlled by four proprietary roads, viz.. Col. Southern, New
Orleans & Pacillc (St. L. & San Fran.), Trinity & Brazos Valley (Col. South
ern), St. Louis Brownsville & Mexico and Gulf Colorado & Santa Fe (Atchi
P ’ 1<kl’ 129^
son system), which each own one-fourth of the stock and under a 99 -year V 59i1 U ’ i6o1 ; W492H p7 322.7, 1G2° : V ’ 89’ P’
lease from July 1 1907 agree to pay under a pro rata wheelage basis operat
Ave,L t eri oy 9 lty- where a connection with the
1 enna- RR- has been made, and a through service
ing expenses, Interest on bonds, and annual sinking fund of 1% of bonds P ^ M aln ne
enn0 ver,ti',i? line from Hudson Terminal Bldgs, to Newark. N. J..
Issued. V. 8 6 , p. 285; V. 89, p. 1668. Incorporated Aug. 31 1905 with h i
$25,000 (nominal) stock. The 5s of 1907 ($5,000,000 auth. Issue) are sub Py Jtt’him°„rH?e.C' 19,1,1’ under a traffic arrangement. The line was opened
Newark on Oct. 1. V. 90, p. 635, 1041; V. 91, p.
ject to call as a whole at 105 after July 1 1917 or for a yearly sinking fund 97 fi. u r£b ut an?,Ie
i P- 8/ 1; Traln,s> electric and all-steel. The Hudson Term.
of 1% of the amount outstanding. V. 92, p. 1310.— (V. 93, p. 796.)
la^sest office buildings In the world, were opened May 1 1908.
HOUSTON & BRAZOS V AL LE Y R R .— Owns Anchor to Velasco, Tex.,
$40*000,000: outstanding, Mch. 31 1911, lncl. scrip,
20 miles. To be extended from Anchor about 100 miles, with branch to l l i l hooF?n^r5?,mmon’
i ’ , 1 5% non-cura. pref., with preference also as to assets, and conHouston, 20 miles. Controlled by B. F. Yoakum of St. Louis & San Fran XRn‘ IS1
? s ncc July 1 1911 Into common stock at 110 , authorized Issue $10,cisco RR. and associates. Stock authorized, $120,000; outstanding. $21.
$5,242,151.
Par $100. See ’ ’ Hudson Cos.” above.
000. Bonds, $200,000 1st 30-year 5s ($1,000 each), due Julv 1 1937- Int
BONDS.— Of the 1st 4)4s, $64,379,000, In connection with $39,994,890'
J. & J.; Mercantile Trust Co. of St. Louis, trustee. For year 1909-10, gross. common and $5,242,151 pref. stock, have been Issued on account of tun
$16,490; operating deficit, $4,351: charges, $11,655.— (V. 85, p. 793.)
nels, stations, power houses and extensions, and the two buildings at the
Hudson Terminal In New York. Of the remainder, $5,500,000 will be used
„ HOUSTON EAST & WEST TE X A S R Y . — (See Map of Southern Pacific.—
Owns from Houston, Tex., to Sabine River at Logansport, 191 miles. to retire the $5,000,000 N. Y. & Jersey 5% bonds redeemable at 110 leavug for future use $30,121,000 bonds and $4,757,849 pref. stock.
Stock $1,920,000, of which $1,919,200 owned by So. Pac. Co., which has
ine bonds will be convertible on any Interest day after Feb. 1 1912 at
guaranteed $2,512,000 of the bonds, prln. and Int., by endorsement, re
par uto common stock at $110 per share, with provisions to protect theserving the right to redeem them at 105 and Int. on 6 mos.' notice.
Dlv., 16% paid in 1902-03, 30% In 1907-08 and 10% in 1909-10, out of bondholders when common stock, In addition to the $40,000,000 at present
authorized and the further amount necessary to convert the bonds. Is Issued.
accumulated surplus. Guaranty, V. 70, p. 841; V. 71, p. 236.
, Xear 1910-11. gross, $1,317,892; net. $473,609, agst. $431,532 in 1909-10. |u Feb. 1909 $920,000 5% car trusts were sold and in Oct. 1910 $500,000.
£ross- $1,279,312; net, Incl. other income, $400,385; charges, V. 8 8 , p. 505, 624; V. 91, p. 1254. In April 1911 30 more cars were ordered,
car trusts to be Issued therefor. V. 92, p. 1025.
$2o3,277; bal., sur.. $207,108.— (V. 78, p. 2384.)
EARNINGS.— For 3 mos. ending June 30 1911, gross, $1,151,757- net
d
^ TEXAS CENTRAL R AILR O AD .— (See Map of Southern
Pacific^)— Owns from Houston, Tex., to Denison, Tex., 338 miles: Hemp J m o S 63’ $649,563; Interest (less $165,521 charged to construction),
stead, Tex., to Llano, Tex., via Austin, 215 miles; Bremond to Ross. Tex., $o71,S92; other charges, $71,809: bal., sur., $5,861.
?‘\ n?-:-7S?rr^ t t0 I 1, w °rth. 53 m.: Mexla t0 Nellcva. 94 m.; other, 34 m.; . ?rE£ P R T -— Report for year ending March 31 1911, with balance sheet.
total, 789 miles. Successor 1893 to railway foreclosed. V. 45 p 792 820
“ J, Y; 92, p. 1025, showed: Gross (all sources), $4,165,492; net, after taxes.
? S T O C K .-S to ck ,$ 10 .00 0,0()0. of which the Southern Pacific'Co owned $2,315,052; charges, $2,356,942 (not incl. $819,192, part of Interest
$9,998’300’ par $100. V. 7b, p. 1084, 1192, 1407. In 1902-03 a dividend charged to construction); balance, deficit, $41,890.
of 6 % was paid out of accumulated surplus. V. 76, p. 1407.
OFFICERS.— Pres.. W. G. McAdoo: V.-P., Wilbur C. Fisk: Treas., J. S.
BONDS.— The bonds are being gradually reduced with proceeds of land O’ Neale; Asst. Treas., F. W. Walz: Sec., Wm. Everdell Jr.; Asst. Sco.."
sales. The first mortgage was for $8,634,000. The first mtge. bonds and Kenyon B. Conger; Comp., II. S. Corwin; Aud., F. H. Sllllok. Directors
the consolidated mtge. bonds may be called for redemption at 110 with pro Oct. 1910, V. 91, p. 109o. N. Y. office, 30 Church St.— (V. 93, p. 940.
ceeds of land sales. See abstracts of all the mortgages In V 52 n 24“>
t HUNTINGDON & BROAD TOP MT. RR. & COAL CO.— Owns from
Of the $5,068,000 consolidated 6 s authorized. $1,149,000 (not Included fri Huntingdon,
Pa., to Mount Dallas, Pa., 45 miles; branches, &o., 25 miles.
the amount outstanding above) are held as part security for the general 4 s
DIVS.— ’98. '99. '00. ’01. ’02. ’03. ’04. ’05. ’06. '07. ’03. ’09. '10. ’ l l .
There were also June 30 1910 $450,000 Lampasas extension interim 5s
owned by Southern Pac. Co. or In sinking funds of proprietary companies
Common... 0 0 0 0 0 5 1 0 0 0 0 0 0 0
5
6
7
65)4 7 ) 4 7 3 ) 4 0
0
0
1“ Mav 1910 permission was given to Issue $2,383,000 1st M. 30-year Preferred . . 5 5 ) 4 7
6 % bonds on the cut-off from Mexla to Nelleva, 94 miles, and also $484 393
A N N U A L REPORT.— Report for 1910 was In V . 92, p. 590.
for the completion and Improvement of the road. V. 90, p. 914, 1363
_____
Gross.
Net.
Interest.
Bal., sur
LANDS.— The lands June 30 1910 held for cancellation of bonds con J910 ....................$672,237
$161,392
$106,190
$55,202
sisted of 1,636 acres; land contracts, $1,216,507. V. 65, p. 869
1909 ......
........ 659,335
157,209
106,190
61 019
. - Y.Saro i9 l ° - 11' K oss- $6,347,341; net, $1,597,548. In 1909-10, gross
Pres, and Gen. Man., Carl M. Gage.— (V. 92, p. 395, 590.)
$o,b99,S05; net, $1,492,444; other Income, $96,199; charges $930 915IBERIA & VERMILION R R .— Salt Mine Juno, to Abbovlllc, La.. 16
bal., sur., $651,728.— (V. 91, p. 336; V. 92, p. 881.)
8 ’
? IS3$600,000, of which $299,500 owned by Morgan’s Louisiana
HUDSON COMPANIES. — Incorp. Jan. 9 1905 In New York. Holding & Texas RR. & SS. Co. (So. Pac.). Bonds, $322,000 first mtge. 5s, due
company for a large portion of the securities of Hudson & Manhattan RR
1 9 4 6 . Year 1910-11, gross, $86,841; net, $40,600.
In 1909-10, gross
f°;.J.see below). Also controls the Greeley Square Realty Co., whose $74,882; net, $28,918; other Inc., $9,052; charges, $25,728; surp., $12,242.
building at 33d St. and Broadway, N. Y., Is leased to Gimbel Bros
V 90
t IDAHO SOUTHERN R R . — Owns from Gooding, Idaho, on Oregon Short
P- 1614. 234; V. 91, p. 1773; V. 8 8 . p. 748. 1127.
Line, to Jerome, 24 miles, opened Jan. 2 1909; under construction from
Ownership of equities In N. Y. City property Is stated to be $4,500,000.
Jerome to Milner, 35 miles, and to be extended to Oakley, 25 miles To be
STOCK-— Auth. and outstanding, $16,000,000 pref. and ultimately operated by electricity. Stock $3,000,000, all out. Par $100
$5,000,000 common: par $100. Pref. stock to receive 7% cumulative divi
llrst lien 6% notes, $500,000 (Commonwealth Tr. Co., Pittsburgh trusdends and also entitled to one-fourth of any other dividends.
nrS\ rwhUrc^*by 125% ln flrst mtge. 5» (part of an authorized Issue of $3 SECURED CONVERTIBLE GOLD COUPON NOTES.— These notes
OOO.OOO) . mature $10° ,000 May 1 In 1912, $150,000 In 1913 and $250,000 In
which on Oct. 15 1911 aggregated $20,500,000 (sec table above), are all se
cured by deposit of Hud. & Man. RR. Co. 1st M. 4 h % bds. under trust agree 4944. V 89. p. 778, 919. Year ending June 30 1911, gross, $43,918: net
ir10’ PT°S3* $72,648: net, $27,916; other Inc.? $3,711; Int.
ments; every $1,000 note being secured by $1,500 oi bonds at par. All the and taxes, I?o49$
$37,213; dcf., $5,586. Pres., W. S. Kuhn.— (V 89 p 919 )
notes are callable by the company at par and, except the 5% notes due Nov.
TnID^ ? h & .W ,AS,H ,N ( i T 0 N NORTHERN R R — Owns McGuire’s’ Station.
, , VUuar« 2 ,3° convertible at the holders’ option Into said bonds, as follows
Metaline Falls, 113 miles: trackage to Spokane Grand Jet.,
(a) rho 5% notes due Aug. 1 1912 (V. 89, p. 1280) at maturity or on any
~ i?Pot,0ono J n t0 bonds at 95- (W 6 % notes due Oct. 1913 22 miles, Clagstone branch, 6 miles. Controls Pend d’Orellle River Nav
} o - ' J ’i
’ ,861, 332) on any int. date at par during 1911 Into bonds wm iiSti0 <!\ al1 h" $5,000,000; outstanding, $3,172,100, $1,600,000 of the
r?^‘?inder
reserved for conversion of 6 % notes of 1910: par $100
? , k nS* tofo
1912 at 87)4 and Int., during 1913 at 90 and Int.;
f) E®b; 1 LH3 6 % notes (V . 90, p. 502) at maturity or any earlier redemp Bonds are subject to call, any or all, at 107)4, from Nov. 1 1912 to May 1
tion date Into bonds at 95.
p
1137m0M ths7^&ernnn 10;5j $3*390.000 bonds were outstanding, secured on
I®3- $1,343,000 additional bonds arc Issuable at $30,000 per mile
ASSETS, The resources of the Hudson Companies on Sept. 15 1911, as
f ’
‘
e
against m e above-mentioned convertible notes aggregating $20 ,5 )0 ,0 0 0 , of additional road. V. 89, p. 411; V. 91, p. 1710.
S.1 *200.000 5-year convertible 6 % notos dated Deo. 1 1910, Issued
consisted of the following: Real estate In N. Y . City, $716,032; Hudson &
to complete payment for road and equipment may be called for payment:
<e
^S^ATlpj
IEWARK
)KEN
s^^*/Vor£/» German Lloyd
sX
S.S. Co's Piers /
Hamburg-American
S.S. Co's Pier3
LACKAW ANNA
r S TA TIO N ^
jj^OSON & ---------tunn els
3N~N ECTION
&VVAY
&Pa‘n£I
O0T., 1911.1
RAILWAY STOCKS AND BONDS
ilNAL
HUDSON
BUII
3 0 CHt
rit 'J?D E
TREE T m .
V ^ \C O N N E C T IO N V
SU BW AY
Trip!ty\Church
a
MAP OF
b HUDSON & MANHATTAN RAILROAD
HUDSON TUNNEL SYSTEM.
DOUBLE TRACK THROUGHOUT.
T he B a t t e r y l
ITumTelyttrBrooklyn
AMERICAN BANK NOTE COMPANY, NEWYORK
64
R A IL W A Y STO CK S A N D BONDS.
RAILROAD COMPANIES
(Per abbreviations, A c.. see notes on first page]
Miles Date
Road Bonds
Illinois Central—Stock $123,552,000......... .............
Leased line 4% stock guaranteed (see remarks)
___
First mtge oflSterllng bonds old 6s extend in 1895
1875
1 8 7 4 for Sterling bonds extended in 1905 1875
$15,000,000 4s of 1886 due 1951 gold___ c*Ar
706
1886
secures a l l 3 Ms of 1886 due 1951 gold
c*Ar
1886
equally .Us 3s of 1895 due 1951 gold
c*Ar
1895
( V 83, p 76) 3 Ms of 1903 due 1951 gold__Ic*Ar,
1903
Trust bonds sterling (sec by Ch St L & N O cons) Us
___
1886
First M Sp Dlv ref M (V66. p 1237) gold__Us.xc* Ar
111 1897
Rank A S W 1st M Otto to Normal Juno & br
r
131 1881
Cairo Bridge bonds gold (see remarks) ...U s .c *A r
1892
St Louis Dlv A Term M $10,000,000gold _Us.xc*Ar 1 239 J1897
r, d.P . . *5.000.000 (sec V 65, p 1173) g_Us.xo*Ar J
, , U§?7
Underlying St LI Bellevue & Carondelet 1st M c
17 1883
Dlv & Terml-iSt Louis Southern 1st M g.Ba.c
30 1886
nal mortgage-JCarb A Shaw 1st M gold____c*
17 1887
Purchased lines 1st M $20,000,000 gold__Us.xc* Ar
748 1904
Refunding mortgage gold red (text)._.G .xo*& r* 2,192 1908
Collateral trust bonds gold $__________ Us.c’ Ar
857 1888
Coll trust $25,000,000 gold on L N O & T.U s.c*& r
798 1892
_.Us.c*&r
Western lines flrst mortgage gold___
218 1894
Ch St L & N O cons M ($18,000,000) g Int gu..c*& r
567 1881
do
guaranteed principal and Interest_______
567 1897
Memphis Dlv 1st M gold guar p A 1 (end)..U s.c
100 1889
Loulsv D & T M $25,000,000 g . ...............Us.xc*Ar
640 1897
Omaha Dlv 1st M g $5,000.000.............. Us.c*Ar
130 1900
Lltoh Dlv 1st M g $4,000.000_________________ P.o*
98 1900
Iowa Falls A Sioux City— See statement of Dubuq ue & Sioux
a Includes $5,266,000 consol 5s pledged to secure
Par
Value
Amount
Outstanding
Rate
%
[VOL. LXX X X III.
When
Payable
$100 $109296000 7 In 1911 M A
100 10.000,000
4
J A
£200 2,500,000
4g A A
£200
1,000.000
3M g J A
1,000 1,500.000
4 g .1 A
1,000 2,499,000
3M 8 J &
£200
£500,000
3g M A
1,000 Ac 3,000,000
3 Mg A A
£200 5.266,000
3M g J A
1,000 2,000,000
3M g J A
1.000
F A
5
968,000
1,000 3,000,000
4 g .1 A
500 Ac 8,377.000
3M g J A
1,000 4.998,275
3g J A
470,000
1,000
6 g .1 A
538,000
1,000
4g M A
1,000
241,000
M A
4g
1,000 Ac 12,000,000
3M g J &
1,000 Ac 32,740,000
Ag
M A
500 Ac 15,000,000
4g A A
500 Ac 2 5 , 0 0 0 . 0 0 0
M A
4g
1,000 5,425,000
4g F
1,000 al6,635,000
5 g JAD
1,000 1,359,000
3M g J A D
1,000 3,500,000
4g J A
500 Ac 23.888,000
3 M g .T A
1,000 Ac 5,000,000
F A
3g
1,000 3.235,000
3g J A
City.
Last Dividend
and Maturity
Dividends are Payable
S Sep 1 1911 3M 115 B’way, N Y. & Lond
.1 July 1 1911
do
do
C Apr 1 1951
D Deo 1 1950
do
do
.1 Jan 1 1951
fe w '
.1 Jan 1 1951
do
S Mch 1 1951
0 Apr 1 1951
J July 1 1950
J Jan 1 1951
A Aug 1 1921
do
do
D Dec 1 1950
do
do
«T July 1 1951
do
J July 1 1951
do
1) June 1 1923
do
do
S Sept 1 1931
do
do
S Mch 1 1932
do
do
J July 1 1952
do
do
N Nov 1 1955
do
do
O Apr 1 1952
do
do
N Nov 1 1953
do
do
A Aug 1 1951
do
do
15 June 15 1951
do
do
15 June 15 1951
do
do
D Dec 1 1951
do
do
J July 1 1953
do
do
A Aug 1 1951
do
do
J Jan 1 1951
do
do
Illlnot s Centr al collate ral trust bo nds of 18 86
.
on Dec. 1 1912 at 105, Deo. 1 1913 at 104 and Dec. 1 1914 at 103. and con
GENERAL FINANCES.— In Nov. 1908 $20,000,000 ref. M. bonds were
verted at option of holder Into common stock taken at $75, $80. $85 and sold.
In Jan. 1911 $2,740,000 and in June 1911 $10,000,000.
$90, respectively, on Dec. 1 1911. 1912, 1913 and 1914 and $95 on June 1
EARNINGS.— 2 mos., ( 1911_____Gross. $10,679,767; net, $2,067,640
1915. See also V. 92, p. 118.
July
1 to Aug. 31.
11910_____Gross, 10,132,804: net, 2,147,024
EARNING S.— 11 mos.,/1910-11________ Gross, $659,815: net, $209,100
REPORT.— Annual meeting Is held the third Wednesday in OctoberJuly 1 to May 31.
) 1909-10-------- -Gross. 528.183: net, 180,153
For 4 mos. ending Oct. 31 1910. gross, $283,235: net. $114,317: charges, Report for 1910-11 was in V. 93, p. 865, 877; editorial, p. 839.
(Not incl. Yazoo A M . V .R R .)—
1910-11.
1909-10.
Increase.
and taxes. $71,500: bal., sur., $42,817.
B
4,563
4,550
12
F'or year 1909-10 (103 miles), gross, $613,358: net, $209,795: Int.. taxes, Average miles operated_____________
rentals, Ao.. $108,486: bal., sur., $41,309. Pres. & Treas., F. A. Black Passenger earnings_________________ $12,925,004 $11,881,014 $1,043,990
Freight earnings___________________ 40.682,197 38,777,758 1,904,439
well. Office, Spirit Lake. Idaho.— (V. 91, p. 1710; V. 92, p. 118, 659.)
•Mail, express. Ac________ _.________
7,369,830
7,225,949
143,881
ILLINOIS C ENT RAL R R . — (See M ap.)— ROAD.— Operates from Chi
cago, 111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
Total earnings____________________$60,977,031 $57,884,721 $3,092,310
City, la., 509 miles, with numerous branches, viz. ( ’ which see):
Oper. income (after taxes)___________ $14,393,049 $12,004,674 $2,388,375
Road owned in fee—
Miles ' Leased— Control owned—
Miles Other income______________________
6,742,438
5,284,609 1,457,829
Chicago to Cairo, 111... 1Main
Line to Louisville, A c ..
606
Centralla, 111., to Eastlstem.. 706 Mem..Tenn.,to Grenada, Miss
100
Total
net
income_________________
$21,135,487
$17,289,283
$3,846,204
Yazoo A Miss. Vail. RR.. Mem
Dubuque, Iowa---- j
Interest on bonds__________________ $5,530,948 $5,602,860 Dec.71,912
Dubuque & Sioux City*_______ 700
phis to N. O. A branches___ 1,372
Ac......... .................
_ 4,289,195
3,853,224
435,971
Springfield to East St. Louis.. .
98 St. Louis Alton & Terre Haute. 232 Rentals,
Dividends on stock (7 % )____________ 7,650,720
7,050,720
_____
Entire stock owned—
Peoria. 111., to Evansville, Ind.,
164,847
------164,847
with 6-mile branch_________ 234 Branches, A c . . . .................... 1,062 Additions and betterments_________
Trackage, A c ....... .............
171
Indianapolis, Ind., to Effing
Balance, surplus______ _______
$3,499,777
$182,478 $3,317,299
ham. Ill___________________ 177
YAZOO & MISSISSIPPI V A L L E Y .— Results on 1.370 miles; average,
Total system A p rl 1911. ..6,125
Leased— Control owned—
l,
370.
See
report
at
length
in
V.
91,
p.
1242,
1261.
Of which earns, kept separate—
Chicago St. L. A N. O. RR.,
Year—
Gross.
Netiover tax). Oth.Inc. Charges, Ac.
Bal., Sur.
Cairo, 111., to New Orleans__ 547 Yazoo & Miss. V all.R R ......... 1,372
1909-10....... $10,384,150 $1,452,465 $1,750 $1,249,240 sur.$204,975
1,019,182
1.750
1,226,010 def. 205.078
Remainder Included In earnings July 1 1911________ ____ ________ 4,753 1908-09____ 10,035,257
OFFICERS.— Pres., Chas. H. Markham: V.-P. & Gen. Mgr., VV. L.
H ISTO RY, LEASES Ac.— Chartered In Dce.J1850. The company pays
to the State of Illinois 7% (for the 12 months ending Apr.30 1911 $1,229, Park: V.-P. (traffic), F. B. Bowes: V.-P. and Sec., A. G. Ilackstaff; Treas.,
107) of gross of the 706 miles owned In fee yearly In lieu of taxes. The Chi E. T. II. Gibson. Gen. office, Chicago, III.: N. Y. office, 115 Broadway.
Directors.— Walther Luttgen, John W. Auchlncloss, C. II. Markham,
cago St. I,. A N. O. Is leased for 400 years from July l 1882 at 4% per annum
Cornelius Vanderbilt, J. Ogden Armour, John Jacob Astor, Chas. A. Pea
on its $10,000,000 stock deposited to secure the leased line stock.
The entire $5,000,000 capital stock of the Central of Georgia was turned body. R. W. Goelet, John G. Shcdd, A. G. Hackstaff, R. S. Lovett. II. W .
over to the Illinois Central In June 1909, but the road Is operated Inde de F orest, and, ex-offlclo, Hon.Chas. S. Deneen, Gov.of III.— (V. 93.p. 1105)
pendently. Sec that company. V. 86, d . 668: V. 88, p. 1559.
ILLINOIS SOUTHERN RY.— Owns Salem to Bismarck (Including River
Indianap. South. Ry., Indianapolis, Ind., to Effingham, 111., 177 m.,
1 mile), 122.86 m.: Chester branch, Missouri Jet. to Chester, 10.70
was aoqulred at foreclosure sale May 5 1911 and has been onerated as a part Transfer,
m. ; Rosborough branch, Sparta to Rosborough, 5 m.; total owned, 138.56
of the Indiana division since July 1 1911. V. 92, p. 956, 1310: V. 93, p. 880. m.;
leases 111. Cent, trackage. Branch Jet. to I. C. Jet., 2.75 m.; total, 141.31
• C A PIT A L STOCK.— The leased line stock is secured by deposit of $10, m. Successor June 1 11)00 of the Centralla A Chester RR., foreclosed.
000.000 Chicago St. Louis & New Orleans stock. (V. 05. p. 1071.)
V. 70, p. 1048: V. 71, p. 29. Stock, com., $4,000,000: 6% cum. pref.,
Stockholders voted May 18 1908 to Increase the stock from $95,040,000 $1,000,000: par. $100, all issued.
t ,,
to $123,552,000, onc-half of the new stock being subscribed at par by stock
The stockholders will vote on Nov. 6 1911 on authorizing a new first mtge.
holders, raising the amount out to $109,296,000. V. 86, p. 981, 1529.
to secure not exceeding $3,000,000 bonds and an Issue of $1,380,000 Income
In July 1910 Union Pacific owned $32,900,000 of the stock. V. 84. p. 51, bonds subordinate thereto, $1,380,000 of the new 1st M. bonds and the
102. 570: V. 80, p. 480: V. 90. p. 700.
$1,380,000 Income bonds to be issued In exchange for the outstanding
DIVS.
1 ’87. ’88. ’89. ’90. ’91-’99. ’00.’01Sep.’04’05 to’ 10. 1911.
$4,600,000 1st M. bonds on which interest has been In default for some time.
Com.stk__ J 7
7
5M 6
5 yearly 5M 0 yearly 7 yearly
7
Of the new 1st M. bonds. $250,000 will also be issued to construct a new
BONDS.— Cairo bridge. See adv. In “ Chronicle," May 7 1892.incline on the east bank of the Mississippi River and for other purposes, the
The trust bonds of 1886 are secured by deposit of $5,266,000 Chicago St. L. remainder being reserved for additions, etc.. V. 93, p. 589; V. 90, p. 167.
A New Orleans consols of 1881: also by a lien on the road. See V. 86. p. 1343
REPORT.— For year ending June 30 1910, gross, $375,476; net, $74,871;
The collateral trust bonds of 1952 are secured by pledge with the U. S. Int.,
taxes, Ac., $229,660; bal., def., $154,789. In 1908-09, gross, $362,
Trust Co. of New York of $16,350,000 5% 1st mortgage gold bonds of 356:
net, $80,314. Pres., E. K. Bolsot: Treas., F . O. Wctmorc; Aud., A. F.
subsidiary railroads covering 854 miles. Sec list, V. 55, p. 550.
Williams.
Office, Grand Central Station, Chicago, 111.— (V. 93, p. 589.)
The $25,000,000 collateral trust bonds of 1953 are secured by pledge of all
ILLINOIS TERM INAL RR.— Owns road Alton .111. to Hartford, 6.50
the Loulsv. N. O. A Texas (now Yazoo A Mississippi Valley R R .), $10,
900,000 1st mtge. bonds, except $68,000, all the $9,104,000 mtge. Incomes miles; Gotten to Leclaire, 111., 3.45 m.; total, 9.95 miles. Leases from
and all but $96,000 of the $10,000,000 land grant Incomes. See advertise Wabash RR. Hartford to Edwardsvllle Jet., 6.80 m „ and Edwardsvllle
Jet. to Edwardsvllle, 2 m . Stock, $500,000; par, $100. Year 1910-11,
ment In "Chronicle" June 11 1892, and V. 54. p. 964: V. 61, p. 112.
Chicago St. Louis A New Orleans 5s have their Interest guaranteed (by gross, $192,986: net, $44,281: other Income, $19,090; Int., Ao., $26,306;
endorsement) until the principal Is paid. The 3 Ms of 1897 are guar., prin bal., $37,063. Pres., Geo. M. Levis.— (V. 79, p. 2205.)
cipal and Interest, by endorsement— see guarantv', V. 65, p. 1071.
INDIANA HARBOR BELT RR.— Owns Whiting, Ind., to Blue Island
The Western Lines loan of 1894, see "Supplement” of Jan. 1899.
miles; McCook to Franklin Park, 111., 11.2 m.; Argo to Union Stock
The St. Louis Division A Terminal bonds are for $15,000,000 authorized, III., 14.4
Chicago, 10.3 m.; State line to Grassclll. Ind., 5.3 m.; branch, 1.3 m.;
of which $5,000,000 are three per cents: $3,500,000 were Issuable for Im Yards,
total
owned,
42.6 m.; operates Jointly Chicago Term. Transfer RR., Blue
provements, equipment, Ac., and $1,499,000 are held to retire $1,400,000
111., to McCook, 13.6 m.; mlsc. trackage, 50.1 m.; total, 106.3 m.
underlying bonds still outstanding on the St. Louis Alton & T. H. system; Island,
Nov. l 1907 acquired Chic. June. Ry. V . 85, p. 1270, 1209; V . 88, p. 108.
Abstract of mtge. In V. 66, p. 138. See also V. 00. p. 133: V. 71. p. 546.
Stock outstanding, $2,450,000, of which Lake Shore A Mich. Sou. and
Louisville Division A Terminal mtge. Is for $25,000,000: of the bonds
Cent., which guarantee the bonds, own 60% and Chic. MIlw. & St. P.
$1,112,000 were reserved to purchase the 46 m. (Cecilia br.) from Louisville Mich.
and Chic. & Nortliw. 40%. V. 93, p. 164. Of the bonds ($25,000,000
A Nashville and to retire the L. A N. bonds thereon. Chicago St. Louis A authorized
Issue), $2,500,000 are reserved to retire the Chic. Ham. &
New Orleans took title to the Loulsv. Dlv. and joined In making mtge. See
6s and $725,000 were Issued to retire the Mich. Central and Term.
V. 66, p. 136, for abstract: also "Supplement" of Jan. 1899. V. 65, p. 367, Western
RR. Joint 4s and $1,000,000 for additions and betterments. The $2,500,000
516: V. 66, p. 133; V. 67. p. 581: V. 75, p. 671.
Issued in payment of Chic. June. Ry. bear Interest at 2% yearly
The purchased lines 3 Ms of 1904 ($20,000,000 authorized) cover various bondsJuly
l 1907 for 5 years, then 3% for 5 years, then 4% to maturity.
minor lines aoqulred. Of the bonds, $14,662,000 have been Issued on 748 from
V.
86.
p.
108.— (V. 85, p. 1270: V. 86, p. 108: V. 93, p. 164.)
miles of subsidiary branch lines purchased (of which $2,662,000 were can
celed in Jan. 1911 and ref. bonds substituted therefor, and the remaining
.IN D IA N A P O LIS UNION RY.— Owns 3.23 miles of yard tracks and
$5,338,000 Is reserved to retire at maturity $968,000 bonds of the Kankakee sidings, .93 of a mile of road with terminals at Indianapolis. Ind., and leases
A Southwestern lsts due 1921 (see bond table above) and $4,370,000 bonds for 999 years the Belt RR. of Indianapolis—9.40 m. (which see). Clev.
of the Chicago Madison & North. (231 m .), which are pledged for the coll. tr. Cincinnati Chicago & St. Louis, the Pittsburgh Cincinnati Chicago & St
4s of 1952. (See V. 71, p. 288: V. 79, p. 1273, 1642, 2588: V. 81. p. 1105.) Louis and the Vandalia RR. arc virtual proprietors, they having Invested
The refunding mtge. gold 4s of 1908 (auth. issue $120,000,000, Incl. the In it $1,025,028 to Dec. 31 1910. No stock outstanding. Favorable de
$10,000,000 additional which were reserved to acquire the Indianapolis cision Sept. 1910, V. 91. p. 1511. In 1910, gross, $1,151.964; total deduc
Southern, Indianapolis, Ind., to Effingham, III., 177 miles) are subject tions, $1,103,786: bal.. sur., $4 8 , 178 .— (V. 83, p. 213; V. 91, p. 15 1 1 .)
to call at 107 M and int. on any Interest day beginning Nov. 1 1918. See
INTERBOROUGH-METROPOLITAN CO.— ORGANIZATION — Incor
V. 87. p. 1357, 1420; V. 88. p. 295; V. 92, d . 261, 527, 1636. Cover the main
line, the Chicago terminals, the so-called purchased lines, the Springfield porated on Jan. 24 1906 as an amalgamation (per plan V. 82, p. 217, 280) of
Division, the St. Louis Division, Ac., a total of 2,192 miles, subject to exist the Interborough Rapid Transit Co. and Metropolitan Street Ry. In Feb.
ing issues of bonds aggregating $61,766,000, Incl. $2,500,000 Chic. Havana 1907 $33,912,800 of the $35,000,000 stock of the Interb. Rapid Transit Co.,
A West. 5s and Rantoul RR. 5s pledged under 111. Cent, gold 4s of 1952. $42,740,000 of the $52,000,000 Metropolitan St. Ry. stock and $29,373,100
Purposes for which $87,260,000 Refunding Bonds Unissued were Reserved. of the $30,000,000 stock of the Metropolitan Securities Co., Its holding
_____$59,026,000 company, had been acquired. V. 82, p. 692. See Interborough Rapid
To retire a like amount of prior lien bonds..
Transit Co. below and Metrop. St. Ry. in “ Electric Railway” Section.
Additional main track, tunnels and bridges, purchase of real
estate, Improvements, funding of Indebtedness, A o . ........... 28,234,000 Favorable decision, V. 85, p. 99, 654. In Sept. 1907 receivers were ap
Tn April 1908 filed a first lien 4% gold $30,000,000 equip, mtge. due Jan. I pointed for Metrop. Street Ry. and of its lessee, the New York City Ry..
'-'#22 (ST S. Mtg. & Tr. Co., trustee), of which $2,000,000 has been can whose stock is all owned by the Metropolitan Securities Co., the Metropolitan
Street Ry. dividends being suspended. V. 85, p. 793, 864; V. 9, p. 593.
celed. V. 86, p. 1042, 1343.
66
K A IL W A Y STO C K S A N D BONDS
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Illinois Southern—1st M gold $5,000,000...............c
132 1903
New 1st mortgage 53.000,000 to be authorized___
Income bonds $1,380,000 to be authorized _
_
Illinois Terminal— 1st M $500,000 gold red par___ IC Text 1905
Illinois Tunnel Co—See Chicago Subway Co.
Indiana Decatur & Western—See CIn Ind & Western
Indiana Harbor Belt— Gen M $25,000,000 g-G.xc*&r
1907
do
do
do
______
__ 1907
Chic Ham & W first mortgage gold assumed. _o* &r 27.48 1897
Indiana Illinois & Iowa—See Chicago Ind & South.
Indianapolis & Louisville—See Chicago Indianapolis & Lou Isvlllc
Indianapolis Un— 1st M gold s not callable___ FP.c*
93 1886
Interborough-i>let Co—Com stock $100,000,000 auth.
Pref stlc 5% cum (also pref as to assets) $55,000,000
__
Coll trust bonds g sec by Int R T stock sf tcxtc*&r
__ 1906
Coll trust notes $15,000,000 gold call 102_____B i.c
__ 1907
Collateral trust notes extended In 1908.1910 and ’ l l
1907
Five-year notes___________ __
__ 1910
Interborough Rapid Transit—Stock $35.000,666___ Text ___
Gold M bonds $55,066,666 red l65 (text). .G .xc’ r*
__ 1907
One-year gold notes $10.000,000....... ...................
__ 1911
International & Great Northern— Securities to be outs tand'g under
Common stock, see text____________________
Pref stock (also as to assets) non-cum, see text
First mortgage gold_______ ______ ________________ 1,109 1879
Colorado Bridge bonds sinking fund____________ F
__ 1880
1st refunding M $50,000,000 gold red 110_______Ce 1,109 1911
Three year 5% notes redeemable 101................
1911
Equipment trust certificates____ ______________
San Antonio Station loan______________________
Intcroceanic Ry of Mex— 1st pref stk, 5% non-cum
__ ___
Second preferred stock 4% (V 87, p l 160)_______
__ ___
4% debenture stock subj to call at par £1,150,000
Ordinary stock__________________________________
Debenture stock 7% “ B” subj to call 120 non-cum
__ ___
Second debenture stock red at 105 after 1911.......
—
___
Mex E deb stock £450,666 guar red at 105 beg 1914
f
Par
Value
Amount
Outstanding
Rate
%
$1,000 $4,600,000
4g
J
& D Dec 1 1953
In default
See text
450,000
5g
J
&
J Jan 2 1925
Illinois Tr & Sav Bk, Ch
2,500.000
1,725,000
2,500,000
2-4 g J
4g J
6g J
&
&
&
J July 1 1957
J July 1 1957
J Jan 1 1927
New York
New York City
Central Trust Co, N Y
1,000
1,000 &c
500 &c
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
1,000
929,000
44* g M & N May 1 1926
Fidelity Trust Co, Phlla
100 93,262,192
100 45,740.000 See text
Q—J Jul'y 1 ’07 14* %
1,000 &c 67,825,000
44* g A & O Apr 1 1956
Windsor Trust Co, N Y
1,000 &c As collatera 1 5 g J & J Jan 1 1912
2,549,400
6
Jan 1 1012
4,000,000
6
J & j July 1 1915
do
do
166 35,000,000 S.-e text
Q—J Oct 2 19113 4*% Belmont & Co, New York
1,000 &c See text
5 g M & N Nov 1 1952
165 Broadway
10,000,000
J. P. Morgan & Co, N Y
44* e A & 029 April 29 1912
reorgantz atlon plan.
See text
$3,400,000
500 &c 11,291,000
Equitable Tr Co, N Y
6 g M & N Nov 1 1919
1,000
198,000
7
M & N May 1 1920
Office, 165 B’way, N Y
1$ £ fr
See text
5 g F & A Aug 1 1941
11,000,000
5
1914
276,000
42,000
Stock £1,400,000 5 In 1910 See text Nov 19 19102 4* London
Stock £1,000,000 4 In 1910 See text Nov 19 1910 4%
do
4
£1,150,000
M & S 15 Sept 15 1950
do
Stock
£1.700,000
£100
£469,459
7
7 ’09-’ 10 Sept 15 1950
do
£100 £1.150,000
44* M & N 30 1950
4 4* in 1909-10
£100
£400,000
5
J & D 15 Jan 1 1984
■London
Mileage of Companies Comprising Interborough-Metropolitan Sgstem.
Tnterborough Rapid Transit Co., subway___________________ 81.94 miles
Elevated (Manhattan Railway, leased)____________ _________ 118.03 miles
Surface lines owned or controlled by Intcrb. Rap. Tran. C o ..154.03 miles
New York City Railway and subsidiary companies__________ 519.46 miles
Total (single track)............................................................. 873.46 miles
STOCK.—The pref. stock has voting power upon default of payment of
dividend thereon. V. 82, p. 217, 286.
D IVIDENDS.— Dlv. on pref.. 14*% quar., paid July 2 1906 to July 1907
Inclusive; none since to .Inly 1911. V. 85. p. 600.
VOTING TRUST.— Over 80% of the common and 65% of the pref.
are deposited under a voting trust agreement to March 6 1916, subject to
termination In the discretion of the voting trustees, viz.: August Belmont,
Edward J. Berwlnd, Andrew Freedman, Theodore P. Shonts and Cornelius
Vanderbilt. V. 92, p. 461. 527, 659, 1108.
BONDS.—The collateral trust 4%s of 1906 (Windsor Trust Co., N. Y.,
trustee) are secured by pledge of all the stock of the Interborough Rapid
Transit Co. or voting trust certificates therefor acquired at the rate of $1.000
In bonds for $500 Interborough Rapid Transit Co. stock, V. 82, p. 280.
A sinking fund (provided by Increased distributions on Interbor. Rapid
Transit stock) was established In June 1910, $300,000 to be appropriated
yearly out of surplus Income after Interest and taxes to purchase bonds at
not over par, bonds acquired to be kept alive In the sinking fund. The
und It Is estimated will amount to over $40,000,000 at maturity of the
ssue. V. 93, p. 066.
The $15,000,000 coll, trust 5% notes of 1907 extended In 1910 (see col
lateral, V. 84, p. 1248), arc pledged to secure $2,549,400 6% notes (exten
ded) due Jan. 1 1912. V. 85, p. 1401; V. 86. p. 1285; V. 92, p. 1701.
In July 1910 $4,000,000 notes were sold to settle litigation and to be credted on stock liability In Met. Sccur. Co. V. 91, p. 38; V. 92, p. 183.
REPO RT.— Report of holding company for year ending Dec. 31 1910
was In V. 92, p. 183. Total receipts, $3,261,243: Interest, taxes, &c.,
$3,205,733; balance, surplus, $55,510. V. 92, p. 1178.
OFFICERS.— Pres., T. P. Shonts; V.-Ps., E. Mora Davison, D. W. Ross;
Sec., II. M. Fisher; Treas., J. II. Campbell. Office, 165 Broadway, N. Y.
— (V. 92, p. 183, 461, 527, 659, 956, 1108, 1178, 1701; V. 93, p. 666.)
INTERBOROUGH RAPID TRANSIT CO.— ROAD, &C.— Incorporated
May 6 1902 In N. Y., and Is now operating municipal tunnel RR. In N. Y.
City, extending, with two tracks, from Battery to City Hall, and as a fourtrack line from the City Hall (with two-track loop at that point) under new
Elm St., Fourth and Park aves., to 42d St., thence under 42d St. and Broad
way to 103d St.; also as two-track lines, partly viaduct, (a) from 103d St.,
on the West Side, to Van Cortlandt Park, (b) from 103d St. to the East Side
anc} 2ronx Parl{- Extension (two-track) under the East River via Fulton
and Flatbush aves. to Atlantic Avc., Brooklyn, 2 4* miles, there connect
ing with the Long Island RR., was opened May 1 1968. Total, about 85
m. of track (tael. 12m. sidings, &c.) on 25 4* miles of road (of which 181$
subway and 7 elevated); leases Manhattan (Elevated) Ry., 118 m.; surface
1 ines owned or controlled, 155 m.; total, 358 miles. V. 77, p. 827; V. 86,
p . 222. 1912; V. 84. p. 1306: V. 85, p. 600, 654, 1005; V. 86, p. 108, 1100.
Owns stock of N. Y. & Queens County Ry., 74 miles, and (Jointly with
Long Island RR.) the N. Y. & L. I. Traction Co., 56 miles. V. 80, p. 2621;
V. 83. p. 818; V. 86. p. 1100.
CONTROL.— In Deo. 1907 $33,912,500 of the $35,000,000 stock had
been exchanged for 200% In 4 >4% collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
CONTRACTS.— Contract with city called for the construction of the road
from City Hall north for $35,000,000 and Its lease to the company for 50
years from completion, renewable for another 25 years, the rental to be
equal to the Interest on the city’s bonds Issued for construction (but not for
easements, &c.), and a sinking fund of 1% yearly to retire the bonds. See
provision V. 82, p. 1157. In Dec. 1907 $5,934,798 was allowed for extra
construction. V. 85, p. 1461. The company aiso at Its own expense pro
vided the electrical equipment (costing over $26,000,000; sec V. 82, p.
452). For contract sec V. 69, p. 1063. The extension from City Hall,
Manhattan, to Brooklyn, was built without aid from the city except about
$4,000,000, and leased for 35 years with privilege of revewal for 25 years.
V. 86, p. 196; V. 75, p. 184, 1086, 1202. See V. 76, p. 101, 1234.
DIVIDENDS.— July 1904, 2%; 1905, 8 % % : 1906.84*%; 1907 to July
1911, 9% yearly (Q.-J.). In Oct. 1911 2 4*% regular and 1% extra, to
bring the disbursements for the past year to 10%. V. 93, p. 666.
BONDS AND NOTES.— The $55,000,000 mtge. 5s dated 1907 are pur
chasable at 105 and Int. by a yearly sinking fund of $300,000, beginning
Nov. 1 1910, and also subject to call on any Interest day at the same price
In amounts not less than $1,000,000. V. 89. p. 41, 103. The bonds are
secured by all the real estate and power houses, leasehold Interest In the
subway, Manhattan Ry., stocks and bonds owned, advances to other cos.
and other property; total cash cost, $54,095,419. In Sept. 1911 applica
tion was made to Issue $11,400,000 bonds of 1907 additional to the $30.
052,000 outstanding (Including $5,500,000 used as collateral), of which
$10,000,000 to take up the 4 4*% notes due April 1912; remainder for Im
provements. V. 93, p. 731.
The $10,000,000 1-year 4 4*% gold notes dated April 29 1911 were used
to retire the $4,584,000 3-year 6% notes due May 1 1911 and for equipment
and improvements. V. 92, p. 1178.
In Dec. 1910 a new mtge. was proposed for the authorized amount of
$150,000,000. V. 91, p. 1629; V. 86, p. 1100, 1042. 981, 603; V. 87, p.
1479, 1610; V. 90, p. 1170; V. 91, p. 1385.
EARNINGS.— For 11 months ending May 31:
Gross
Net (ajter
Other
Chges. (incl.
Balance,
11 Months. Earnings
Taxes).
Income. Manh. guar.) Surplus.
1910-11___ $27,404,272 $14,342,035 $309,834 $9,781,105 $4,870,764
1909-10___ 26,666,569
14,995,992 379.060 9,673,220
5,701,832
REPO RT.— Report for year ending June 30 1911. V. 93, p. 664. Results
In 1907-08 are made up according to previous method of accounting. ■.
fV O L . LX XXXII1.
Year end. June 30—
1910-11.
1909-10.
1908-09.
1907-08.
Gross oper. revenue----- $29,767,352 $28,987,648 $26,524,394 $24,059,299
Operating expenses----- 12,368.982 $11,013,143 $10,747,443 $10,722,694
Taxes .........................
1,925,090
1,750,422
1,799,807 1,586,466
Income from oper-----$15,473,280 $16,224,083 $13,977,144 $11,750,139
Non-oper. Income.........
339,915
411,024
1,001,775
1,220.170
Gross Income_____ --.$15,813,195 $16,635,107 $14,978,919 $12,970,309
Total deductions__ ---$10,673,158 $10,552,960 $10,389,096 $9,269,650
Dividends (9 % )___ . . . 3,150,000
3,150,000
3,150,000
3.150,000
Surplus ....................$1,990,037 $2,932,147 $1,439,823
$550,659
DIRECTORS.— August Belmont (Chairman), Alfred Skltt, Andrew
Freedman, John Peirce, George W. Young, William A. Read, Cornelius
Vanderbilt, Edward J. Berwlnd, Edwin Hawley, II. M. Fisher, Gerald
L. Hoyt, Theo. P. Shonts, F. dc C. Sullivan, New York; and Gardiner M.
Lane, Boston
Pres., T. P. Shonts; V.-P., Frank Hedley, David W. Ross;
Sec.. II. M. Fisher; Treas., John II. Campbell. Office, 165B’way. New
York.— (V. 92, p. 1178. 1310, 1636; V. 93, p. 44, 229, 6G4, 666, 731.)
INTERNATIONAL & GREAT NORTHERN R Y. - -(See Map Missouri Pacific.)— Total system July 1911, 1,159 miles, viz.;
Lines owned—
Miles
Joint trackage—
Miles.
Longview, Tex., to Laredo..
494 Galveston Houston & Henderson
Palestine to Houston, Tex______ 150
(Jointly with M.
K. & T .)_50
Mlneola, Columbia, &c____
121 Other lines_______________________26
Fort Worth to Spring____ _____ 261 Houston Oak Lawn & Magnolia
Navasota to Madlsonvlllc
47
Park R y _____________________ 10
ORGANIZATION.— Incorporated in Texas on Aug. 10 1911 and has
succeeded the Int. & Great Nor. RR. foreclosed June 13 1911. The 3d M.
bondholders committee bought up practically all of the 2d M. bonds at
par and int. and recapitalization is pending per plan In V. 92, p. 1310,
subject to valuation to be llxed by Texas RR. Commission. V. 93, p. 1105.
Holders of $2,961,000 3d M. bonds will receive common stock to an
amount not exceeding the par of the bonds and overdue Interest thereon.
Bonds deposited to May 9 1911 tocomeaheadof those thereafter deposited In
distribution— see STOCK below. Depositary, Equitable Tr. Co., N. Y.
Annual fixed charges of new company will aggregate $1,349,840 and after
payment or redemption of notes $1,407,340.
The cash required ($15,340,000) has been raised as follows: (a) by thcsnle
t0 bankers of SI 1,000.000 3-year 5% notes redeemable at 101% and Int.
°a 30 days’ notice, secured by deposit of $13,750,000 1st ref. M. bonds, of
which $12,150,000 has been deposited by the new company and $1,600,000
by the syndicate; and (6) by the sale to a syndicate of $1,600,000 1st ref.
M. bonds, $3,400,000 pref. stock and $2,500,000 common stock. In case
the valuation fixed by the Texas RR. Comm, calls for an amount of new
securities less than the amount called for by the plan, the reduction will
affect first the amount of new common stock to be given for the old 3d M.
deposited after May 9 1911 (V. 92, p. 1310).
STOCK.— New common stock, $6,000,000 (subject to reduction as above
stated). The $5,000,000 5% non-cum. pref. stock will be entitled to share
at the same rate as the common In all dividends In excess of 5% upon the
common, and to be preferred as to face value and accrued dividends In
case of liquidation; $1,600,000 Is to be reserved for exchange of a like
amount of the initial Issue of 1st ref. M. bonds which arc deposited under
the 3-year 5% notes. Upon the liquidation of the notes from time to time
the first ref. bonds contributed by the syndicate are to be proportionately
surrendered to the new company upon the Issue by It to the syndicate of
a like par amount of Its preferred stock.
BONDS.— Of the new 1st refunding M. 30-year 5s ($50,000,000 auth.),
$12,150,000 have been pledged as security for the 3-year 5% notes and $1,
600,000 sold for cash to the syndicate and by It deposited as further security
for said notes (see above). $11,489,000 are reserved to refund underlying
bonds and $24,761,000 are reserved, under restrictions, for additional equip
ment, additions, extensions and Improvements. An agreement has been
made to sell a maximum amount of $1,000,000 of the bonds yearly for 3
years as required for Improvements, extensions and equipment.
EARNINGS.— 2 mos., 11911-............ Gross, $1,343,593; net, $280,786
July 1 to Aug. 31.
j 1910_________Gross, 1,407,334; net, 288,990
Years.
Gross.
Net.
Other Inc. Charges,&c.
Balance.
1910-11 -..$9,127,834 $1,899,906
______
__________
1909-10 . . . 8,566,866
1,517,078 $51,176 *$2,464,716 d'cL $896,462
1908-09 . . . 8,097,939
1,499,794
46.521
x2,712,583 def.1,106,268
1907-08, . . . 6.922,268
________
363,560
66,444
2,890,468 def.2,460,464
_____
Includes hire of equip, balance, $214,776; taxes, $252,980,
" &c.
*
x Ineludes $91,486 for additions and betterments.
, Pres., Thomas J. Freeman; 1st V.-P., G. II. Taylor; 2d V.-P., Henry
Martin; Sec. and Treas., A. R. Howard. Office, Houston, Tex.—-(V
93, p. 796, 940, 1105.
INTERpCEANIC RY. OF MEXICO, L T D — Vera Cruz to Mexico City.
Mex., 342 miles; Los Itcyes to Puente de Ixtla, 122 miles; Los Arcos to
Cuautla, 102 m.; 3 branches, 30 m.; Mexican Eastern Ry. (V. 73, p. 1263)
137 miles: leases Mex. Southern Ry., 292 miles (see below); total, 1,026 m.
Concessions end Feb. 1982, after which roail passes to State at a valuation,
r ° n,
1 1010 took over under lease the Mexican Southern from
Jan. 1910 for the term of Its concessions, the rental providing 4% dlvs. and
n. A, ^rJ^Hd 9n,lhe £875,000 debenture stock and any further Issues up to
£121,720, and dlvs. payable half-yearly on the £1,000,000 common stock
rang ng from 3 M% In 1910 to 5 4*% 1i 1917 and 514% thereafter, and also a
yearly sinking fund from Jan. 1 1918 sufficient to redeem the ordinary stock
at expiration of concessions June 8 1990. Nat. Rys. of Mex. will assume
taase from Feb 13 1982. V. 89. p. 225. 286, 1223, 1542.
.
°J Mexico (which see) owns £1,038,450 of the 2d debentures,
£l,2o5,330 ordinary and £244,800 pref. stock.
SECURITIES.— In Oct. 1908 the holders of the £1,000,000 7% cum.
pref. stock were allotted 140% In new Art pref. and par In 2nd pref. In
discharge of dividends to June 30 1907. V. 87. p. 1160. • Four per cent
debenture stock, see V. 87, p. 1531 10 5
. . * . . .
O ct ., 1911.]
R A IL W A Y STO CK S A N D BONDS.
67
(58
R A IL W A Y STO CK S A N D BONDS.
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
Iowa Central— 1st M $7,650,000 g (V 49. p 582)-Ba.c
Refunding M 525,000,000 gold (see tcx t)..G .c*A
Car trusts, ser A. due $32,000 yearly......... PeP.c
Car trusts, ser B, due 516,000 or $15,000 yrly.PePc
Jacksonville Term— 1st M gold guar $500.000.Mp.c
Jamestown Franklin & Clear!— 1st M guar__ G.xc* A:
Jefferson— 1st & 2d Ms ext In '87 & '89 (H ’dale B r )- j
Junction (Philadelphia)— See Pennsylvania RR
Kanawha & Mich— Stock $10,000,000_____________
1st M $15,000 per mile g guar p A I________ Ce.c'
Second mtge $2,500,000 auth gold red par__ Sxc'
Equipment trusts due $57,500 semi-annually____
Equipment bonds due $23,000 semi-annually____
do
do
due part semi-annually_______
do
do
_________________ _____________
Kanawha & West Va— First M $5,000,000 g text-..<
Kansas City Belt—See Kan City Terminal Ry
Kansas City Clinton & Spring— 1st M g guar..
Kansas City Fort Scott A Memphis Ry—
Kansas City Ft Scott & Memphis RR cons AI.NB.c*
Current River RR 1st M $20,000 p m guar___ NB
Kans Cy A M Ry & Bdge 1st M g s f drawn at 110 c"
Kans Cy Mem & Blrm gen M $4,500,000 cur__ OB.c
Income non-cumulatlve.._________________OB.c
do
stamped fixed Interest redeemable text '
Blrm Belt 1st M gold red 102)$ guar p A I end OB
Equipment notes Series A due $65,000 seml-ann
do
Ser B $85,000 due s-a (V 81 p 1044) Ba
Kan City & Memphis—Ark Okl A W 1st M g Usm
K C & M mtge g $18,000 p m red 107 M sf. -AlSt.xc*
b
Includes $287,000 held alive
In
Miles Date
Road Bonds
Par
Value
When
Last Dividend Places Where Interest and
Payable and Maturity
Dividends are Payable
1888
$1,000 $7,650,095
5g J A D
Bankers
Trust Co, N Y
1,000 7.020.00C
1901
M A S Mch 1 1951
4g
do
do
1909
1,000
256,000
5 g M A N To May 1 1919 Penn Co for Ins, Ac,Phlla
1910
1,000
122,000
5 g A A O To Oct 1 1920
do
do
1894
1.000
500.00(1
5 g J A J July 1 1939
Guaranty Trust Co, N Y
1909 1,000 Ac 11.000,000
4 g' J A D June 1 1959
Grand Central Sta, N Y
8 1867
1,000
300,000 4H A 6 J A J July '27-Jan '29 Fidelity Trust Co, Phlla
37 1889
1,000 2,800,000
5g
A A O Apr 1 1919
Erie RR, New.York
87 1905
1,000
500,000
5 g M A S Sept 1 1925
U S Mtge A Tr Co, N Y
. . . 1910
1,000
650,000
4H g M A N May 1 1940
Phil Tr, S Dep & Ins Co
1908
1,000
500,000
5g
A A O
Fidelity Trust Co, Phlla
15 1904
1,000
750,000
5 g M A S Sept 1 1924
Bankers Trust Co, N Y
—
—
100 9.000,000 See text See text
J. P. Morgan & Co, N Y
164 1890
1,000 2,469,000
4g
A A O
Central
Trust Co, N Y
—
1907
1,000 2,500,000
J
A .T July 1 1927
5 g
J P Morgan A Co, N Y
—
1902
160,000
5
M & N To May 1 1912 Hock Val Ry, Colum, O
—
1906
1,000
230,000
5
F A A 15 Feb 15 '12-'16 Sup Sav A Tr Co, Cleve
—
1906
83,900
5
J A J July’ ll-July '13 J II Hoyt, Cleveland
- - - 1909
127,000
5
M A N May 1 1917
Northern Nat Ilk, Toledo
35 1905
1,000 1,000,000
J A .T July 1 1955
5 g
Scranton (Pa) Trust Co
. . . 1906
1,000
32,000
5
J
A D Dec 1911
R Kleyblote & Co, N Y
162 1885
1,000 3,274,000
A A O Oct 1 1925
5 g
Old Colony Trust, Boston
a914
26
715
82
3
285
285
285
21
__
__
30
1901 1,000 Ac 25.569,000
1882
1,000
390,000
1888
1,000 13,736,000
1887
1.000
1,606,000
1889
1.000 b3,000.000
1894
500 Ac 3.323,390
500 Ac
1894
364.780
1894
500 Ac 5,904,300
1902
1,000
1.000,000
1905
455,000
1905
1,000
680,000
1907
1,000
300,000
5G 1911
1,000
540,000
all ow n ed b y E rie R R . — ( V . 8 7 ,
JONESBORO LA KE C IT Y & EASTERN R R — Owns Jonesboro to Bar-
fle d, Ark., 67 miles; Osceola Jet. to Osceola, Ark., 20 miles. Leases
.\V‘kso" N or‘ hci-» «Y - . Wilson to Ross, 18 miles, since Sept. 16 1911 stock
$600,000. Bonds ($1,000,000 authorized Issue), Bank of Commerce A
Memphis, Tenn.. trustee. For year ending Juno 30 1900 gross
U 5 L 9o76: nnet' *30.931: charges, 530,942? dividends, $5,850: bal.’,^def
5.»,8()2. 1res., R. Lee Wilson. Office, Jonesboro, Ark.— (V. 9 3 , p. 1022.)
JOPLIN UNION DEPOT CO. — Owns union freight and passenger station
on 26 acres at Joplin. Mo., completed in 1911, used by the AtchlsonToneka
& Santa he, Kansas City Southern, Missouri Kansas A Texas and Missouri
& Northern Arkansas, which jointly own the $40,0')0 stock and lolntly
and severally guarantee the bonds, prln. and lnt. Of the bonds rsVkr nnn
auth.). $650 000 sold: Philadelphia T riis? S a fe D e p o rt^ A Insurance Co
trustee. Total stock authorized, $500,000.— (V. 90. p. 502, 627 )
°°'
KA N A W H A BRI DG E A TERM INAL CO. — Owns bridge across the Great
Kanawha River near Charleston, W. Va., used for railway, street railway
and genera1 traffic. Stock, $400,000. purchased by Ches. A Ohio In Deo
1910, which operates property. Bonds, see table and V. 91, p. 1629.
’
K A N A W H A & MICHIGAN R Y .— (See M a p Toledo & Ohio Central )__
Owns Corning, O to Gauley on Ches. A Ohip, 176 miles, less 18 miles
Pomeroy to Galllpolls, anil 1 mile, Athens to Armltagc, where Hocking
4
5
g
6
5
5g
4
5
A A
F A
M A
A A
A A
M A
SeDt
M A
A A
5
4g
4 Yi g J
4M g K
6g J
5g M
A
A
A
A
O Oct 1 1936
A Aug 1 1922
N May 1 1928
O Oct 1 1927
O Oct 1 1929
S Mch 1 1934
Mch 1 1934
S Mch t 1934
O Oct 1 1922
J To Jan 1 1915
A Feb '12-Aug '15
J Jan 1 1947
N May 1 1961
Bankers Trust Co, N Y
Old Colony Tr Co, Boston
Bank Trust, N Y ; & Dost
Old Colony Tr Co, Boston
Baik Tr Co, N Y ; & Bost
do
do
do
do
do
do
do
do
Blair A Co, New York
do
do
sinking funds
JEFFERSON R R . — O w n s L a n e sb o r o , P a ., to C arb on d ale , P a 3 7 m iles
d o u b le tra ck : b ran ch . W e s t H a w le y , P a ., to H o n esd a le, P a .. 8 m iles L eased
in p erp etu ity to Erie R R . for $ 1 4 0 ,0 0 0 per a n n u m .
Used b y Del A H ud
s t o c k ' 5 2 ,0 9 5 ,7 0 0 ;
Rate
%
501
539
__
__
27
D IVID END S.— On " B " debenture stock, from earnings of 1903-04, 6%
1904-0o, 4 'A%: 1905-06, 1906-07, 1907-08, 1908-09 and 1909-10, 7%. On
1st pref., 413% Dec. 1908: Dec. 1909. 5%: 1910, May 28, 213%; Nov. 19.
---213%. On 2d pref., 1% Dec. 1909: Nov. 1910. 4%: V. 91,
EARNINGS.— 12 mos., 11910-11___ Gross, $8,864,282; net, $3,187,931
July 1 to June 30. 11909-10___ Gross, 8,637,845; net, 3,184,318
R EPO RT for 1909-10 in V. 91, p. 1441.
Gross.
Net.
Net in £
1909-10 .................... (Mex.>57,987,298
(Mex.)$2,944,113
£300,911
(Mex.) 2,298.872
1908-09 ------ -------..(M ex.) 6,718.728
£234,719
Total net Income, £312,610; charges and lnt. on deb. stock, £153.975
dlv. on “ B” deb. stock (7%), $32,862: div. on pref. shares (5%), £70,000
dlv. on 2d pref. stock (4%), £40.000: one-third expense making Mex. Sou
lease. £8,187; sur., £7,586. N. Y. office, 60 Wall S t — (V. 91, p. 1441.)
IOWA CEN TRAL R Y . — (See M ap.)— Operates Peoria, 111., west to Oskaloosa, Iowa, thence northerly to Albert Lea, Minn., forming a through line
via Minn. A St. L. RR., from Peoria. 111., to St. Paul. Minn., 558 miles, viz.:
Owns—
Miles.
Leases— (stock owned).
Miles.
Iowa Jet., 111., to Manly Jet.,
Ia. C. & W., Belmond to Algona. 37
Iowa__________________
.363 Track, Iowa Jet. to Peoria
3
Branches to Belmond, Ac......... 127 Manly Jet., La., to Albert Lea,
Minn, (owned jointly) . .
28
H IS TO R Y.— Reorganization (by plan In V. 44, p. 653) of the Central
Iowa, sold in foreclosure in 1887-88. In 1900 Minneapolis A St. Louis Inter
ests obtained control through purchase of common stock, new parties be
coming associated with those interests In Aug. 1911. Stockholders will
vote on Dec. 19 1911 on leasing the road (as a preliminary to merger) to the
Minn. A St. Louis. An extension of the Iowa Central to St. I, ouls Is
proposed to a connection with the Mo. Kansas A Texas. V. 70. n. 1249
V. 93, p. 469, 666, 940, 1105.
STOCK.— Com., auth.. 511.000.000; Issued, $8,525,623. Pref., auth.,
$7,400,000: Issued, $5,674,810. The pref. Is entitled to 5% (non-cum )
then com. to 5, then both share pro rata. V. 62. p. 548. Par $100.
D IVIDENDS.— On pref. In 1892. 1%; 1899, 3; 1900. 113: none since.
BONDS.— The refunding 4s of 1901 are secured by a mortgage on the en
tire property now owned or hereafter acquired, subject to the $7,050,000
first 5s, for which an equal amount is reserved. The balance Is Issuable
for future extensions at not exceeding 525,000 per mile, improvements and
equipment. V. 73, p. 899. In July 1911 $1,300,000 in treasury. V. 86.
p. 229, 1589; V. 87, p. 1420; V. 88, p. 564; V. 89, p. 163.
EARNINGS.—-12 mos.,/1910-11____ Gross, $3,511,537; net, $723,439
July 1 to June 30. \1909-10....... Gross, 3,361,282; net, 069,415
A N N U A L REPO RT.— Report for 1909-10 was In V. 91, p. 1442. Softcoal tonnage In year 1909-10 was 1,097.877 (42% of total tonnage).
Year ending June 30—
1909-10.
1908-09.
Inc. or Dec
Gross earnings................................... $3,361,282
$3,015,647 +$345,635
Net earnings (over taxes)................
669,415
454,871 +214,541
Total net receipts.............................
718,912
524,528 + 194.384Interest, rentals, Ao.........................
745,576
752,049
-6.473
Balance, deficit
.......................
526,664
5227.521 — $200,857
Pres.. Newman Erb.— (V. 93, p. 469, 066, 731, 940, 1022, 1105 )
JACKS ONV ILL E T E RM IN A L RY. — Owns union passenger depots
and terminal properties at Jacksonville, Fla., Including 27 miles of track
used by Atl. Coast Line RR., Seaboard Air Line, Florida East Coast
Ry., Southern Ry. and Georgia Sou. A Florida Ry., the five companies
last named guaranteeing by endorsement the prln.and lnt. of above bonds
and owning entire stock. The five cos. each guar, onc-flfth of the lnt. under
rentals and meet expenses on wheelage basis. Owns 4 locomotives for
switching.— (V. 71. p. 135.)
JAMESTOWN FR A N K L IN & C LE A R FI E LD R R .— Owns from James
town, Pa., on the Lake Shore & Mich. So., to Brookvillc, Pa., 99 miles
branches, 25 m.; trackage to Clearfield, Pa., 54 m.; total, 178 miles.
’
. A c° nso**hation In 1909. V. 8 8 , p. 506, 1002. Leased to the Lake Shore
& Mich. Sou. from April 1 1909 for the term of the corporate existence and
renewals, rental covering Interest on bonds and 5 % yearly on $3 000 000
?onok i f ] nnn nnnby Lake Shore). payable quarterly (Q.-J.). Of the 4s of
1909, $11,000,000 guaranteed by the Lake Shore were Issued to retire out
standing debts and bonds and remaining $14,000,000 reserved for exten's A
improvements. V. 90, p. 107, 697.— (V. 92, p. 395; V. 93, p. 731.)
P* 1*4 79 ' )^ art)° nC*aIe
Amount
Outstanding
[V O L . L X X X X I 1 1.
V a?ks a,rc used. Also owns branch of 11 miles leased to Toledo
Co! Sandusky A Hooking Ry. companies.
' JaSi— I] corS6 ,ln A p rl1 1890 of K. A O. Ry. foreclosed (see
. In 1890 a majority of stock (54,600,000) was acquired
1 i n i n ° h 0 c 9l}t ” which guaranteed the bonds, prln. and lnt., but In
“ Id to Ches. A Ohio and Lake Shore A Mich. Southern
Jointly, $3.4o4,200 of the $4,400,000 minority stock having to June 30 1910
VnliPcept *72 per share, less 1 >$% commission. The same Interests
i,'1 Out. 1910 acquired an additional block, said to amount to about $300,000.
P J 7,1,' 8i 9’ V 7' 142?: V - 01* P- 276. 1095. (See V. 52, p. 165, 351.)
First dividend— 4%— paid June 30 1911. V. 92, p. 1504.
LATEST EARNINGS.— 11911____ Gross, $3,111,051; net, $1,213,151
2 mos., July 1 to Aug. 31./1910____ Gross, 2,769,056; net,
836,373
REPORT.—
thPORT.— Report for year 1910-11 In Chronicle Oct. 28 or Nov .4, showed:
grOSS,
111 flXI- nnt
«l Ofj 1M. other 1income,
.
xi
nn nm. t_»....
3S, S3
$3,111,051;
net, $1,213,152;
$209,240;
Interest, taxes
Ac.,, $369,031;
;
dividends (4%), 5360,000: betterments, $452,623; equipm en
it t____________
trusts retired,, $239,000; bal., sur., $361,738. Pres., F. B. Sheldon.
— (V. 93. p. 1105.)
K A N A W H A & WEST VI RG IN IA R R .— To extend from Charleston, W.
Va., to Belva. on the Gauley River, 55 miles, of which 39 miles completed;
balance under construction. Controlled by same Interests as Blue Creek
Coal A Land Co., owning 44,000 acres of coal and timber land In Kanawha
County. Stock authorized, $5,000,000; outstanding, 51,028.000 June 30
1910: par of shares. 5100. Of the $5,000,000 authorized first 5s (ScranJ°n } ru»t Co., trustee), $1,000,000 have been Issued, remainder being Hin
ted to 825,000 per mile. The first $1,000,000 of the issue arc guar., prln A
Ctuuk Coal A Land Co. and arc subject to call at 105 and lnt.
V. 83. p. 1524; V. 84. p. 339. Pres., Edward S. Jones; V.-P., W. A Mac?
Corkle; Treas., Titos. E. Jones; Sec., Wm. D. Boyer.— (V 84 p ,339 )
KANSAS CITY CLINTON & SP RI N GF IE LD R Y .— Owns from Olathe.
Kan., to Ash Grove, Mo., 154 miles; Raymore Jet. to Pleasant IIIll Mo
8 m.; total, 162 miles.
Stock, 51,775,400. Bonds were guar, bv the Kari’
Y1’ Scott * Mem. RR. (old co.). Year ending June 30 1911, gross'
$J74,8.)5; net, $109,713; other Income, $4,075; lnt., taxes, Ac $198 179 bal., def.. $83,790. Year 1909-10, gross, $30,3219.— (V. 73, p 723 )
’
KANSAS CITY FORT SCOTT & MEMPHIS R Y. — (See Maps Rock Island
Co.)— Operates Kansas City, Mo., to Memphis, Tenn., and branches, 914 m
Also has a controlling Interest In stock of the K. C. Mem. A Blrm. RR '
owning line from Memphis, Tenn., to Birmingham, Ala., with branch. 28f>
miles, and of Kansas City A Memphis Ry. A Bridge Co., owning bridge
across Mississippi River at Memphis, 3 miles. Total, 1,201 miles.
^O R G A N IZ A T IO N .— Incorporated on June 14 1901 and Is vested with
the property of the former Kansas City Ft. Scott A Memphis Railroad• also
controls other mileage. V. 72, p. 1237. See V. 72. p. 438, 532, 675, 988
1he St. L. A San I-Tan. RR. owns the entire stock and leases the road guar?
anteelng the bonds of 1901, prln. and lnt., and 4% on pref. stock trust certs.
STOCK.— Common authorized, $45,000,000: outstanding, $15.000 000
all owned by St. Louis A San F’ranclsco RR. The nref. stock ($15 000 000
authorized, of which $13,510,000 Is outstanding, par $100) Is deposited In
escrow, and against It are Issued trust certlllcates of the St. L A San F
RR., the latter having the option to retire t.he certificates at any time at oar'
?™ .?bll(?a,tlnK' ltse,f to pay 0,T thc whole Issue In 20 years from date (Oot.’
1901), and meanwhile to pay quar. 1% thereon. See V. 72, p. 1238.
• BONDS.— Thc refunding bonds of 1901 (limited to $60,000,000) are se
cured by all property now owned, or hereafter acquired with the pro
ceed s^ ,the refunding Issue. Of the bonds, $25,569,000 were outstanding
.May 1911, S26.9o6,970 were reserved for exchange against the face amount
of underlying bonds, and the remaining $7,474,030, as well as any bonds
not used or required for refunding purposes, will be reserved for issue for
additional lines and extensions, at not exceeding $22,500 per mile thereof
As to guaranty, see "organization,” above. V. 75, f>. 853. See V 87
p. 414; V. 91, p. 38, 154; V. 92, p. 1311; V. 93, p. 45.
In 1911 thc K. C. Ft. Scott A Mem. Ry. had guaranteed thc lnt on all
except 5361.280 of the $6,322,780 K. C. Mem. A Blrm. Income bonds be
ginning March 1. the bonds so guaranteed being subject to call at anv time
within 10 years from Sept, i 1902 at 95 and lnt. V. 74, p. 477, 577
Birmingham Belt bonds are guaranteed, principal and Intercst.’ lolntlv bv
Kansas City Memphis A Blrm. and St. L. A San Fran. V. 75, p 114 V _1
(V. 89, p. 163, 1101; V. 91, p. 38, 154; V. 92, p. 1311; V. 93, p. 45, 1022.)
KANSAS CITY A MEMPHIS R Y . — Rogers to Siloam Springs, Ark , 30
miles; Freeman to Monte Nc, 6 m.; total, 36 miles. Projected to extend
rrom Rogers, Ark., to Memphis, Tenn., 294 miles, thc first section from
Cave Springs, Ark., 10 miles east of Rogers, to Fayetteville, 20 miles, to be
completed in Nov. 1911; also from Siloam Springs, Ark., to Wagoner
X, , ■ , Incorporated In Arkansas Deo. 17 1910 and absorbed the Arkansas
Ok la. A W estern RR. and Monte Nc Ry. in April 1911. V. 92, p. 881, 1109.
SECURITIES.— Stock auth., $0 ,0 0 0 ,000 at $15,000 per mile, to be held
in voting trust, one trustee to be nominated by co., one by Kansas City Sou
J- Llsman A Co.; par $100. The 50-yr. gold 5s ($0,000,000
authorized Issue) are Issuable at $18,000 per mile, of which $15,000 for
construction and equipment and $3,000 reserved for betterments when the
earnings during one fiscal year have equaled 150% of the Interest on the
S n nnn
b n n ' „°f,J '1" ' 50n<ls 8300,000 are reserved to retire the
S']?io«00\°tAr V OIt,a- & West. 6 s (V. 8 6 , p. 107). In April 1911 $540,000
bonds were sold to F. J. Llsman A Co. of New York against the
38 aillcs owned and the 20 miles under construction to Fayetteville, the
Series A bonds being additionally secured by a traffic contract with the
A+uf. ='?n„lt/iS?uth.ern•frying the company 2 0 '% of the gross revenue received
on business Interchanged; Scries “ A ” bonds will also cover the line between
Fayetteville and Huntsville, If built within 5 years. Cumulative sinking
fund of H of 1% commences with 1910. V. 92, p. 881, 1109
B
i'ol?„y.?f}.r cnill>ig June 30 1911, gross, $59,983, agst. $41,544 In 1909-101
27<
5i^°<5Qnlf8»' * 2 2 ' 2 55: ,20% on business Interchanged with K. C.
South., 5to,23(); balance for lnt., $43,219; yearly hit. charge, 519.125.
Pres, anil Gen. Mgr.. Geo. D. Locke: V.-Ps.. J. W. Walker and A. L.
Williams; Sec. and Treas., W. I). Felkcr. Office, Rogers. Ark.; N. Y.
I office,
30 Broad St.— (V. 92, p. 881, 1109.)
•
\r
YPy
1
70
R A IL W A Y STO CK S A N D BONDS
RAILROAD COMPANIES
LFor abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[VOL. LXXXXI1I
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Kansas City Mexico & Orient— Stock $20,000 per mile
$100 $12,264,135
Preferred 4% non-cumulative $20,000 per mile___
100 12,500.000
1st M gold (see text)_____________________
c*
____
1901
1,000 See text
4 g F A A Feb I 1951
Amer Exch Nat Ilk, N T
Kansas City Outer Belt & Electric— 1st M $3,000,000 g
8 1903
1,000
1,275,000
4 g A A O Apr 1 1953
do
do
Kansas City Southern— Common stock $30,000,000-.
100 30,000,000
Preferred stock 4% non-cum $21,000,000......... .
____
______
100 21,000.000 4 In 1911 Q— J Oct 16 1911 1% Checks mailed
First mortgage gold $30,000,000-............ Ba.cAr
____
1900 1,000 Ac 30,000,000
3 g A A O Apr 1 1950
New York Trust Co, N T
Ref and lmpt M $21,000,000 gold red 105.xc*Ar.N
____
1909 1,000 Ac 15.000,000
5 g J A J Apr 1 1950
—
Equipment notes gold red par due $72,000 s-a__ N
1905
1,000
576,000
4 14 g M A N May ’ 12-Nov ’ 15
do
do
gold ser B red par $30,000 s-a__
____
1906
300,000
414 g J A 1) Dec '11-J’ne '16
Kansas City St Joseph & Council Bluffs— See Chicago Burlln gton A Quincy.
Kansas City Shrevep & Gulf Terminal— 1st M red 105
—
1897
500
150,000
4
F A A Aug l 1927
Kansas City, Mo
Kansas City Term Ry— 1st M red tex___ IC.xc*Ar*
—
1910 1,000 Ac 20,094,000
4 g J A J Jan 1 1900
N Y Boston A Chicago
K C Belt 1st M ($534,000 guar K CFSAM ). _BB.c
10 1886
1,000 2,500,000
6
J A J July l 1916
Office 50 State St, Dost
Kansas City Viaduct & Term— 1st M g s f (text) c* Ar
. . .
1905
1,000 3,302,000
414 J A J Sept 1 1934
See text
Kansas & Colorado Pacific— See Missouri Pacific R y._
Ken & I Term R R — 1st M guar (see text)____S.xc* Ar
____
1911
£100 £1,051,000
414 g J A J Jan 1 1961
Morgan .Grenfell ACo.Lo*
Keokuk & Des Moines— Preferred stock___________ _
162 —
100 $1,524,600 See text See text Apr 1 1911 214 Office, 115 B’way, N Y
First mortgage Interest guaranteed C R I & P ___ c*
162 1878
100 Ac
2,750,000
5
A A O Oct 1 1923
First Nat Bank, N Y
Keokuk & Hamilton Bridge— First mortgage______c
—
1869
1,000
1,000,000
8
A A O Apr 1 1899
55 William St, As earned
Kewaunee Green Bay & Western— First mtge-----F.c
37 1891
1,000
408,000
5
J A D June 1 1921
Office, 40 Wall St, N Y
Kingston & Pembroke— First mortgage gold________
113 1882
1,000
572,000
3 g J A J Jan 1 1912
45 Broadway, New York
Knoxville & Ohio— See Southern Ry.
La Crosse & S E Ry— 1st M $1,000,000 g red 105___
41 1904
1,000
750,000
5 g A A O Oct 1 1910
La Crosse, Wise
Laclede Dallas & West— 1st M red 105 aft Apr 1920-.
____
1910
V 90,p 1239
6
A A O Apr 1 1940
Lake Erie & Detroit River— Sec Pere Marquette HR.
(THE) KANSAS CITY MEXICO & ORIENT R Y.— (See M ap.)— Mileage.
— The road when completed will extend from Kansas City, Mo., to Topolobampo, Mex., 1,659 miles, with a cut-olf from San Angelo, Tex., to Del Rio,
Mex., 160 miles, connecting there, as well as at Chihuahua, Mex., with
Mexican lines for Mexico City. Mileage In operation:
Owned (incl. K . C. M. & O. Ry. of Texas, 237 in.. Securities Owned), Miles.
Wichita, Kan., to San Angelo, Tex. (except trackage St. Louis A San
Francisco R R „ Foley to Ewing, Okla., 12.78 m ile s ____________ 509.94
Marquez, Mex., to Chihuahua (except 4.35 m. trackage Ch. & P. Ry.) 91.12
Mlnaca to Sanchez, Mex. (74.28 m.); El Fuerte to Topolobampo,
62.23 miles)......... ....................................................................... 136.51
Mochls, Mex., to Mochls Junction, Mex___ _____ ___________________ 2.92
OFFICERS.— Pres. & Gen. Mgr., E. Dickinson: V.-P., F. Mertshelmcr
Sec. A Treas., Wm. Lee Karnes; Chief Engineer, W. W. Colpltts, Kansas
City, Mo. Office, Kansas City, Kan.— (V. 80, p. 871, 2399.)
KANSAS Cl I Y SOUTHERN R Y .— (See M ap.)— Operates a line extendInd from Kansas City, Mo., to Port Arthur, Tex., thence by Its ship canal,
7 miles, to deep water on the Gulf of Mexico, with branches and extensive
terminals used by various roads entering Kansas City.
Lines Owned—
Miles.
Lines Owned—
Miles.
Kansas City, Mo., to Belt June - 12 Branches to Fort Smith, De
Grand View, Mo., to Port Ar
Quincy, La., Ac____________ 51
thur, Texas..................
765 Trackage— To Grand View, M o.. 11
Tot. oper. J’ne 30 TO (lncl. 17.13 m. trackage), all standard gauge.740.49
Contracts have been let for grading on main line south of San Angelo, and
on branch from San Angelo to Del Rio, on the Rio Grande River, 160 miles,
of which 164 miles from San Angelo to Fort Stockton to be completed about
Jan. 1912 (73 miles being ready for operation Sept. 1 1911) and 65 miles
beyond Fort Stockton to Alpine, at a connection with the Southern Pacific,
to be reached a few months later. V. 93, p. 666. Work will be pushed
as fast as possible. Total sidings (July 1910) 93.08 m. Reports of ex
perts, prospectuses, Ac., V. 90, p. 105, 110; V. 86, p. 668; V. 83, p. 95,
1411; V. 75, p. 1411; V. 75, p. 1253.
H ISTO RY.— Incorp. under laws of Kansas April 30 1900 and operates
In Mexico under the Kansas charter, legalized by the Mexican Gov’t. The
first rails were laid In 1902. From Kansas City to Lone Wolf, Okla., Is
being built under contract by Union Construction Co. (of Dela.), and from
Lone Wolf, Okla., to Topolobampo, Mex., by International Construction
Co. of Delaware (charter legalized In Mexico.)
Steamship Contract.— A contract with the Hamburg-Amcrlean S. S. Co.
provides for trans-Paciflc service upon completion of road to Topolobampo.
Equipment June 30 1910.— Locomotives, 65: cars, passenger service, 36,
freight, 1,866; service, 74, largely held under car trusts.
STOCK.— Authorized, $20,000 per mile each In common and 4% noncum. pref. stock; outstanding June 30 1910, pref., $12,500,000; com., $12,
264,135 ($2,400 of each being In the treasury). Far, $100. In June 1909
increase to $37,500,000 each of com. & pref. was authorized. Stock Is held
In a voting trust until Jan. 1 1917, the voting trustees being: A. E. Stllwcll,
W . W. Sylvester, «W. A. Rule, W. S. Woods, Kansas City, Mo.; Robt. II.
Law, Chicago, 111.; Douglas J. Neamc, Harold D. Arbuthnot, Lewis Rendell,
Baron Boxall and H. J. Chlnnery, London, Eng. V. 83, p. 1411. Trans
fer office, U. S. A Mexican Trust Co.; Registrar, Commerce Trust Co.,
both at Kansas City, Mo. Annual meeting llrst Tuesday In May at Kan
sas City, Kan.
BONDS.— The funded debt consists of 1st M. 4% 50-year $1,000 gold
coupon bonds due Feb. 1 1951, as shown In table above. Trustee, U. S. A
Mex. Tr. Co., Kansas City, Mo. Auth. Issue Is $22,500 per mile of single
main track, $15,000 per mile of yard and terminal track and $12,000 per mile
of double track: also $2,500,000 for extra work In the Sierra Madre Moun
tains, $5,000,000 for terminal facilities at Kansas City or Topolobampo,
or both, and $10,000,000 for future requirements and additional rollingstock, at not over $1,600,000 yearly, beginning Feb. 1 1906.
Of the $18,199,000 bonds Issued June 30 1910, $6,000,000 were sold,
$3,489,000 were In the treasury and the balance owned by the aforesaid
construction companies. In May 1911 $5,418,000 additional 1st 4s, sold
abroad In 1910, were listed In London, making the total there listed $8.
432,000. V. 92, p. 1374. In Aug. 1911 $4,000,000 additional bonds were
about to be Issued, the proceeds to be used to complete the connection be
tween Alpine and Chihuahua. V. 93, p. 527. Under agreement, all cou
pons on bonds maturing until Feb. 1912 are paid by construction companies
the coupons being canceled. V. 78, p. 102; V. 81, p. 1411; V. 87, p. 37.
508; V. 91. p. 38. 94, 1025.
Loans and bills payable June 30 1910, $1,150,836: equipment trust
obligations June 30 1910, $1,618,885, including car trust notes of 1902
(St. Louis Union Trust Co., trustee), original Issue, $2,000,000, and loco
motive trust notes of 1905, original Issue, $1,000,000.
EARNINGS.— Statement for year ending June 30 1910, with balance
sheet. In V. 92, p. 1025, showed (721 average miles): Gross earnings, $1,
747,941; total net Income, $126,168; taxes, $78,842; Int. on equip, trusts,
$76,696; other lnt., $22,984; Joint facilities, $9,161; bal., def., $61,515.
OFFICERS.— President, Arthur E. Stllwell, N. Y.; VIce-Pres’ts, Edward
Dickinson (Gen. Man.), Kansas City, Mo.; J. T. Odell, N. Y.; Enrique C.
Creel, Chihuahua, Mex.; John F. Wallace, N. Y.; J. S. Bralthwalte, Lon
don, Eng.; Sec. and Aud., Neal S. Doran, and Treas., Wm. Lee Karnes,
Kansas City, Mo.; Asst. Sec., J. Crosland Taylor, London
Directors.— Pres., Stllwell and Vice-Presidents Dickinson, Odell and
Wallace; A. N. Beldlng, Rockville, Conn.; P. W. Goebel, Kansas City,
Kan.; D. W. Mulvane, Topeka, Kan.; A. Monroe, Lawrence. Kan.; John
F. Alden, Rochester, N. Y.; Edwin Hawley, Theodore P. Shonts, II. S.
Manning, W. D. Baldwin, New York; Ferdinand W. Roobling, Trenton,
N. J.; Wm. II. McCord, II. D. Estabrook, N. Y.; Chas. F. Ayer, Boston;
E. D. Stair, Detroit; Ing. Isodoro Lombardo, Sr. Lie Manuel Calero,
Col. S. Garcia Cuellar, Mexico City; Geo. II. ltoss, Chicago; Philip II. Mc
Millan, Henry Ford, Detroit. General office. Orient Bldg., Kansas City,
Mo.; N. Y. office, Singer Bldg.— (V. 93, p. 164, 527, 666, 871, 1105.)
KANSAS CITY OUTER BELT & ELECTRIC R R — Incorporated July 18
1902 In Kansas to construct a belt line connecting the lines of the Kan. City
Mex. A Or. Ry. west of Kansas City, Kan., with all the other lines entering
Kansas City, Kan., and Kansas City, Mo., main line (double track) about
8 miles uncompleted In 1911. V. 75. p. 184; V. 76, p. 331; V. 80, p. 871.
STOCK AND BONDS.— Stock auth. and Issued, $2,500,000 com. and
$2,500,000 4% non-cum. pref.; par, $100; all In voting trust. Bonds,
auth. Issue, $3,000,000 (see tabic above); outstanding, $1,275,000. U. S
A Mex. Trust Co.. Kansas City, Mo., trustee.
Total....... ................................................................................... 839
Also owns entire $650,000 each of stock and bonds of Arkansas Western
Ry., Waldron to Ileavencr, Ark., 32 miles, operated separately; also con
trols K. C. Shrevc. & Gulf Terminal Co. V. 83, p. 38, 492.
ORGANIZATION.— A reorganization of Kan. C. Pitts. A Gulf RR., fore
closed In 1900 per plan In V. 69, p. 1012, 1062. V. 73, p. 1356; V. 74, p. 94.
Ih c voting trust having expired April 1 1905, a new management was
elected in May 1905. V. 80, p. 1971; V. 81, p. 559: V. 84, p. 1366. In
1909 contracts were made for Interchange of freight with the Harrlman lines.
V. 88, p. 375. Common stock, $30,000,000; par, $100.
SECURITIES.— The $21,000,000 “ ref. and Imp.” bonds dated 1909
bear not over 5% interest, of which $10,000,000, underwritten by a syn
dicate, have been sold to provide for the $5,100,000 5% notes called for
payment on July 1 1909 and various Impts. and $5,000,000 was sold for
Impts. In Feb. 1911 and the remainder Is reserved for future use. V. 88.
p. 1128, 1253, 1437; V. 89. p. 104; V. 90, p. 167; V. 92, p. 322, 395, 461, 795.
DIVIDENDS.— First dlv. on pref. stock, 4%, paid July 1 1907 out of
earns, for 1906-07; Oct., 1%; 1908 to Oct. 1911, 4% (Q.-J.).
LATEST EARNINGS.— (1911___ Gross, $1,558,028; net, $513,032
2 mos., July 1 to Aug. 31.11910___ Gross,
1,699,747; net, 619,927
R EPORT for 1910-11 at length was In V. 93, p. 1015, 1043.
1910-11.
1909-10.
1908-09.
Total gross receipts............................ $9,995,174 $9,594,652 $8,771,965
Operating expenses............................ 6,404,001
6,268,585 5,350,056
Net earnings______________
3,591,173
3,326,067 3,421,909
Total net Income___________________ 3,721,633
3,420,520 3,519,722
T axes-------------------------361,875
343,773
322,279
Interest on bonds, A c________
1,382,426
1,266,402 1,221,600
Miscellaneous________________________
312,673
318,864
99,187
Dividend on preferred stock (4 % )----840,000
840,000
840,000
Balance, surplus............................. $824,659
$651,421 $1,036,655
DIRECTORS.— Chairman, L. F. Lorec; Pres., J. A. Edson; Hermann
Slelcken, J. A. Blair, W. T. Rosen, Andrew J. Miller, W. G. Street, W. II.
Williams, Arthur Turnbull, Samuel McRoberts and E. R. Bacon of New
York; John J. Mitchell of Chicago; S. W. Fordyce of St. Louis; Edward
F. Swlnney, Kansas City, Mo.: VV. F. Harrity, Phlla., Pa.; Sec. Is G. C.
Hand. Office, 25 Broad St., N. Y.— (V. 93, p. 940, 1015, 1043.)
KANSAS CITY T E R M IN A L R Y . — To own a union passenger depot and
freight and passenger terminals at Kansas City, Mo., with approaches,
to be controlled by 12 proprietary cos,, viz.: Chic. R. I. * Pac., Atch. Top.
& Santa Fe, Chic. Milw. A St. Paul, Chic. & Alton, St. Louis & San Fran.,
Union Paclllc, VVabash, Chic. Burl. A Quincy, Mo. Pac., Missouri Kan. &
Tex., Kan. City Southern and Clilc. Gt. Western, which will pay equally
any excess of llxed charges. V. 89, p. 1671. Construction begun about
Mch. 1 1910. Incorp. July 10 1906. Stock auth., $50,000,000; outstand
ing, $1,200,000. On Mch. 1 1910 acquired Kansas City Belt Ry. by deed;
and on Nov. I 1910 the Union Depot Co. also purchased stock of the pres
ent Union Depot Co., to cost about $37,000,000 (including real estate) and
to be completed by Oct. 1913. V. 89, p. 666, 163; V. 90, p. 627, 698
V. 91, p. 1386.
Of the 1st 4 Ms ($50,000,000 auth. issue), $20,094,000 have been sold,
$2,500,000 are reserved to retire Kansas City Belt bonds and $27,406,000
for additions and Improvements. The bonds are redeemable as a whole on
Jan. 1 1930 or any Interest date thereafter at 105 and Int. V. 90, p. 5 5 9
627; V. 91, p. 1386: V. 92, p. 395; V. 93, p. 164. Pres., W. S. Klnnear;
Sec., C. C. Ripley; Treas., E. F. Swlnney.— (V. 93, p. 164.)
KANSAS CITY VIADUCT & T E RM IN A L R Y .— Company owns and
operates an elevated railway and highway viaduct from BlulT aud 6th Sts.
Kansas City, Mo., to Minnesota Avc. and 4th St., Kansas City, Kan. A
branch viaduct, 14 mile in length, connects the main structure, and thereby
the two cities, with the lnterlying railroad and manufacturing districts.
Main structure completed Feb. 1907, 1.6 miles, minimum width of 60 feet:
material, steel and concrete. See V. 82, p. 160; V. 84, p. 271, 931.
STOCK.— Stock outstanding, $3,447,700 (par $100); majority Is depos
ited In a voting trust for 3 years. Voting trustees, Harvey E. Fisk, John
P. Reynolds, Francis S. Eaton.
BONDS.— 1st M. 414% bonds auth., $3,500,000; outstanding, $3,302.
000. Standard Trust Co., N. Y., and Fidelity Trust Co., Kansas City
trustees. July 1909 to Jan. 1911 coupons funded into cumulative Income
bonds. V. 90, p. 1101: V. 92, p. 1564.
Protective Committee.—4n Jan. 1911 over 75% of the 1st 414s and Income
bonds had been deposited with a committee (Richard C. Story of Boston
Chairman; Standard Trust Co. of N. Y., depositary), under an agreement
In force until Jan. I 1916, unless sooner terminated by the committee or by
written direction of two-tlilrds In amount of the certfs. after Jan. 1 1914.
No sale at less than 85% of the bonds, or exchange for other securities,
without consent of 51% In Interest of depositors. V. 92, p. 187.
EARNINGS.— For year ending June 30 1910, gross, $75,454; net. $56.
936; bond Int., $149,040; taxes, $9,374; sundry accts., $706; sk. fd $4 527’
bal., def., $106,712. Pres., J. W. Reinhart; Treas., II. 3. Corwin; Sec.,
Howard Ross.— (V. 90, p. 1101; V. 92, p. 187, 1375, 1564.)
Helena
Lviplia
Tintlc
RAILWAY STOCKS AND RONDS.
3Ruby mill
au
»
R e d o i i i t o i ^ n J i |
* jw \ \ / \
|A
b
^
1
O F
T H E
K A N S A S C IT Y ,
M EXICO & O R IE N T
R A IL W A Y & CO NNECTIO NS.
Shortest Line from Kansas City to Pacific Ocean.
- !
CoollQge
~
A. & P>J,
Socorro!'
4 ^/|A R I 2 O N Apgdakna/
Nogalef
M A P
Oot., 1911.]
_____ i FE
Jolbrook|
“Fulton
/Prescott
Magdalene
72
R A IL W A Y STO C K S A N D BONDS.
RAILROAD COMPANIES.
[For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Amount
Outstanding
Rate
%
When
Payable
[VOL. L XXXXIII.
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Lake Eric & Pitts— 1st M $15,000,000 g._G.xc*Ar*
1911
$1,000 $4,300,000
4Vi g J A D June 1 1961
New York
Lake Erie & Western— Common stock $20,000 p m._
711 _ .
100 11,840,000
Preferred stock (i% (not cum) ($20,000 per mile)_.
711 ____
100 11,840,000 See text ,T A J Jan 15 1908 1% Office. Gr Cent Ter, N Y
First mortgage ($10,000 per mile) gold..
Ce.c*
711 1887
1,000 7,250,000
5 g J A J Jan 1 1937
Chase National Bk, N Y
Second mtge for $3,625,000 ($5,000 p m) gold. .Ce.c
711 1891
1,000 3,625,000
5 g J A J July 1 1941
do
do
Lake Shore & Michigan Southern—Stock__________
—
___
100 z49.466,500 18 lnl911 ,T A J July 29 ’ l l , 6 % Grand Cent Station, N Y
Guaranteed 10% stock (Michigan South A Nor Ind)
__ ____
100
533,500 18Inl911 F A A Aug 1 ’ l l , 6 %
First mortgage $50,000,000 gold________ Us.c-Ar 1,000 1897 1,000 Ac 50,000,000
J
A
D
June
1
1997
3Vi
g
Bonds (not mortgage) $50,000,000 gold___ G.c*Ar
__ 1903 1,000 Ac 50,000,000
4g
M A S Sept 1 1928
do
do
$50,000,000 gold ...G xc*A r
__ 1906 1.000 Ac 50,000,000
4 g M A N May 1 1931
Kalamazoo & White Pigeon first mtge assum.Un.c
37 1890
1,000
400,000
J A J "
5
1 1940
Notes 60,000,000 francs___________________ ______
1911
60000,000 fr
Mch 151912
do
do
Guaranteed Securities—
Battle Cr A Stur 1st M gold guar p & l (see M Cent)
41 1889
1,000
79,000
3 g J A D Dec 1 1989
Sturgis Goshen A St Louis 1st M gold p & 1guar__
29 1889
1,000
322,000
3 g J A D Dec 1 1989
Kalamazoo Allegan & Gr Rapids stock rental guar.
58 ___
100
610,000
5.9 5 A
A O Oct 1911
First mortgage guaranteed_______________ Un.c
58 1888
1,000
840,000
5
,T A J
. 1 1938
Erie & Kalamazoo (leased) stock Toledo to Palmyra
26 —
50
300,000
10
F
A
A Aug 1911, 5% Lincoln Nat Bank, N Y
Jamestown Franklin & Clearfield stk rental guar..
___
—
100 2,995,050
O— .1 Oct 1 ’ l l , \ Vi% Grand Cent Station, N Y
5
1st M $25,000,000 auth guar_________ G,xc*Ar*
—
1909 1.000 Ac 11,000.000
J A D
4 g
11959
do
do
Lake Shore System— Mahoning Coal RR — Stock___
71 —
50 1,500,000 20 Inl911 F
A
1 ’ l l 1 0 % Grand Cent Station, N Y
Preferred stock (see tex t)_______________________
71 ___
50
661,367
J
J
5
Union Trust Co, N Y
First M Youngs to And &c guar p A 1 (end)__ Un.c
71 1884
1,000 1,500,000
J A ,1
5
do
do
Lake Super & Ishp— 1st M $1,400,000 serial red 101 c*
24 1911
100 Ac
994,000
6g
F A A
CIt Sav & Tr Co, Cleve
Lake Tanoe Ry & Tr Co— 1st M g $500,000 s f beg 1905
16 1901
1,000
416,000
A
5 g
O
1
1931
Merc
Trust
Co,
San
Fran
Lancaster Oxford & Southern— 1st M $200,000 g old..
28 1905
100 Ac
200,000
5g A
O
1 1935
Oct ’ 10 coup not paid
Lansing Manufacturers— 1st M serial Interest rental..
5 1905
1,000
75,000
J A J
5 g
Union Trust Co, Detroit
Laramie Hahn’ s P & P— Com $9,000,000 (V 77, p 824)
—
—
10 9,000,000
Pref stock 6% non-cum $1,000,000______________
—
—
10
100,000
First mortgage $8,000 per mile gold...........AB.c*
30 1904
1,000
240.000
J
6g J
American Tr Co, Boston
First ref M $1,800,000 gold sink fund red 115..G.c*
—
1907
1.000 1,200,000
A A O
6g
1 1932
LBarnumACo.NY ALosA
General mortgage $10,000,000 authorized....... .
—
1909
1,000 See text
5
J A D 15
i 151959
Lawr. Barnum A Co, N Y
Five-year coupon notes $450,000 authorized___ G
—
1910
450,000
7
,T A J
1 1915
do
do
Five-year coupon notes g red 102 Vi since Jan ’ ll . c *
1910
100 Ac
1,000,000
J A J15
7
United States Tr Co, Bos
z New York Central holds $45,289,200 of this.
KE N TU CK Y & IN DIANA TE RM IN A L RR .— Owns steel cantilever
bridge over the Ohio River at Louisville and 5 miles of railroad between
Louisville, K y „ and New Albany, Ind., and 5 miles of belt line In Louis
ville; also owns Louisville & New Albany Ferry Co. Southern Ry., Balti
more A Ohio and Chic. Ind. A Louisv. own the $75,000 capital stock, and
under new lease for 99 years from June 1 1910 pay monthly, in proportion
to cars handled, any deficit In operations, rentals, taxes and Interest.
Name changed from Ky. & Ind. Bridge & RR. In Dec. 1910.
In July 1910 arrangements were made to build a new double-track K. & I.
bridge, 4,100 ft. In length. A mtge. has been made to the Standard Trust
Co., N. Y ., trustee, to secure £2,000,000 bonds, of which £1,051,000. guar,
by the 3 proprietary cos., were sold to retire the £1,000,000 bonds due
March 1911, and for the new construction, the remainder being reserved for
future purposes. The present single-track bridge to be used during con
struction. V. 92, p. 187; V. 91. p. 589, 214, 38; V. 92, p. 261, 1032.
V. 93, p. 469.
EARNING S.— For year ending June 30 1909, gross, $237,593; deficit
under int. charges, Ac., $230,243. Pres., Alex. P. Humphrey; See. and
Treas., H. W. Hazlitt; Gen. Man., W. M. Mitchell.— (V. 93, p. 469.)
K E O K U K & DES MOINES R Y . — Owns from Keokuk, la., to Des
Moines, la., 162 miles. Leased for 45 years from Oct. 1 1878 to the Chicago
Rock Island & Pacific Ry. The lessee pays 25% of the gross earnings but
guarantees the Int. (not the principal) on the bonds. Stock Is $1,524,600
pref. and $2,600,400 com. (par, $100), a majority of which Is held by the
lessee. Pref. entitled to dlvs. up to 8% If earned and to share with com
mon stock In any excess over 8%.
DIVS.—
1’99. ’00. '01. ’02. ’03. ’04. ’05-’07. ’08. ’09. ’ 10. 1911.
Onpref.. % -----j Vi Vi
1
l
2 1 Vi None 1VI 1 2 «A p r ,2 M
Rental: In 1909-10, $173, 709: 1908-09, $154,332; 1907-08, $149,775;
1906-07, $142,006.— (V. 88, p. 944; V. 90, p. 698.)
K E O K U K & HAMILTON B RI DG E CO.— Owns bridge across Mississippi
River at Keokuk, la., for railroads and foot-passengers. The present ten
ants are the Toledo Peoria & Western and the Wabash. Regarding guar
anty, see V. 59, p. 969; V. 72, p. 821. Stock, $1,000,000; par, $100.
Coupons are In default, but mortgage has never been foreclosed, and over
due Interest is paid as earnings permit. Last coupon paid, 2d half of No. 50
(due April 1894). In July 1911.
EARNINGS.— Year ending June 30 1911, gross, $55,944; net. $35,549;
other Income, $11,552; Interest, $40,000. In 1909-10, gross, $46,450; net,
$29,142. Pres., Andrew Carnegie; Treas., Theodore Gilman, 55 William
St., New York.— (V. 72, p. 821.)
KINGSTON & PEMBROKE R Y — Owns from Kingston, Ont., Can., to
Renfrew on the Canadian Pacific, 104 miles; branches, 9 miles. Reorg
anized in 1899 per plan In V. 67, p. 274. Stock, $1,000,000 first pref. 5%
non-cum., $150,000 2d pref. 3% and $2,500,000 common. The Canadian
Pacific owned on June 30 1911 $1,130,350 pref. and $1,931,675 common
stock. V. 77, p. 636, 1221. First dividend on first pref., 1%, paid April 2
1901; none later reported. Year 1909-10, gross, $190,265; net, $30,297;
Int., taxes, Ac., $24,754; bal., sur., $5,542.— (V. 73, p. 1160.)
LA CROSSE & SOUTHEASTERN R Y . — Owns La Crosse and Southeast
ern Jet to Viroqua, Wls., 40.81 miles; trackage La Crosse and S. E. Jet. to
La Crosse, 1.8 m.; total, 42.61 miles. Incorporated In Wisconsin Sept. 14
1904 as a reorganization of the railroad of same name. Stock auth., $1,
000,000; outstanding, $505,000; par, $100. Bonds, $1,000,000 auth.;
Wisconsin Trust & Security Co. of Milwaukee, trustee. V. 80, p. 222.
Year ending June 30 1911, gross, $73,463: net, $26,774; int., taxes, Ac.,
$45,333; balance, deficit, $17,559. Pres., W. S. Cargill; V.-P., A. S. Car
gill; Sec. and Treas., J. B. Taylor. Office, 300 Vi Main St.— (V. 80, p.222.)
L A K E ERIE & PITTSBURGH R Y . — Projected from Lorain, O., to
Youngstown, 91 miles, with 29-mile branch to Cleveland; total 120 miles.
Of this about 27.45 m. between Mill Creek Jet. at a connection with Cleve
land Short Line Ry. and Brady Jet. on Pennsylvania RR. was opened In
Sept. 1911. Jointly owned by Lake Shore A Michigan Southern and Penn
sylvania RR. Stock auth., $6,000,000, as Increased in May 1911. Of
the bonds ($15,000,000 auth. Issue), the first $5,000,000 are to be 4 Vis, re
mainder, 5s, $4,300,000 havingibecn issued to pay for construction. V. 92,
p. 1564, 1500, 1636.
L A K E ERIE & W ESTERN R R — ROAD.— Owns Sandusky, O., to
Peoria, 111., 413 miles; branch to Minster, 10 miles; branch, Indianapolis to
Michigan City, 159 miles; Fort Wayne to Connersvllle and branch to Rushvllle, 129 miles; total owned, 711 miles; leases Northern Ohio RR., Akron
to Delphos, 162 miles: trackage, 13 miles; total operated, 886 miles.
H ISTO RY, Ac.— See V. 50, p. 590; V. 85, p. 600. In 1899 control
passed to the Vanderbilts, and on Jan. 1 1911 the Lake Shore A Michigan
South, owned $5,940,000 com. and $5,930,000 pref. stock. V. 71, p. 1269.
DIVIDENDS.— 1'99. ’00. ’01-’03. ’04. ’05. ’06. ’07. ’08. '09. ’ 10. ’ l l .
On preferred---- %J 0
2 4 yearly 3 3 3 3 1 0 0 0
BONDS.— Abstract of first mortgage In V. 46, p. 45; of second mortgage
in V. 54, p. 444. Guarantees $2,500,000 5s Northern Ohio, which see.
EARNINGS.— 8 mos.,/1911_________Gross, $3,522,799; net. $653,278
Jan. 1 to Aug. 31. \1910----------- Gross, 3,545,692; net, 786,258
A N N U A L REPORT.— For cal. year 1910 was In V. 92, p. 875.
1910.
1909.
1910.
1909.
Oper. revenue $5,513,326 $5,043,990 Hire equip., Ac. $247,749 $135,095
Oper. Income.
991.751
966,123 Int.on bds.,Ac.
551,525 555,086
Net incom e.. 1,099,814 1,066,627 Other Interest
64,585 103,376
125,000
125,000 Add'nsAbett’s
Rentals------136,764
56,965
Balance, surplus or d eficit-.............................def.$25,809sur.$9l’ l05
V. 8 8 , p. 879: V. 90, p. 692; V. 91, p. 1025: V, 92, p. 795, 875.)
LA KE SHORE & A1ICHIGAN SOUTHERN R Y. — (See Maps New York
Central.)— Operates from Buffalo to Chicago with branches. The main line
(537 miles) Includes 26 miles between Toledo and Palmyra, Mich., under
lease from the Erie A Kalamazoo; 540 miles has double track.
Road owned directly.
Miles.
Buffalo, N. Y., to Chicago, 111.. 537
Sundry branches_____________ 334
Entire stock owned.
25
Detroit A Chicago____________
Detroit Monroe A Toledo______
51
Kalamazoo A White Pigeon.
37
Northern Central Michigan___
61
Sturgis G A St Louis...............
29
Elkhart A Western___________
12
I Leased (*see this Co.).
Miles.
58
Kalamazoo A. A G. R _________
Jamestown Franklin A Clearf’d* 123
71
Mahoning Coal R R ________ . .
Erie A Kalamazoo (26 miles). . Text
Detroit Hillsdale A S W ........... *65
Fort Wayne A Jackson_______ *98
Detroit Toledo A Milwaukee.. .
67
Battle Creek A Sturgis
.
7
Trackage________________
Grand total oper. Jan. 1 1911 (of which owned, 1,160 miles)........ 1,663
i, By,control of N. Y. Chic. A St. Louis RR. has still another line from
Buffalo to Chicago. Operates Dunkirk Allegheny Valley A Pittsburgh,
Dunkirk. N Y., to Titusville, Pa., 91 miles. V. 73. p. 663.
Controls Chicago Indiana A Southern RR., which see.
«49?t&AonnZ^ L ON’ &c — A consolidation on Aug. 16 1869. In 1898-99
$45,289,200 of the capital stock was purchased by the N. Y. C. A H. R.
7A?i’. ™ . ch ?av,c ln cxchange its 3y2% bonds at the rate of $200 in bonds
for $100 In stock. V. 66. p. 288; V. 69, p. 1237.
New York Chicago A St. Louis road has been controlled by ownership of
^ fch s ln c e 1882, Lake Shore now owning $6,240,000 of its common,
t ^ 75,000 of Its, second preferred and $2,503,000 of Its first preferred stock.
vu £°I2paily also controls and leases the Mahoning Coal RR. (see Lake
ti9
bKlow2 ant' owns (besides entire stock of proprietary lines)
5 2.600200 Pittsburgh A Lake Erie stock; $30,207,700 of the $50,000,000
« 1eiVajn A™ Chicago A St. Louis common stock; also $5,940,000 of the
w i= w « ’000#com.mon, , a5^ 55,930,000 of the $11,840,000 Lake Erie A
Western preferred. V. 71, p. 1269; V. 72, p. 870; V. 82, p. 749.
, u?11 I,?1? acquired all the stock of the Toledo A Ohio Central (441
” }.ues) which had been held In the Interest of the Hocking Valley, and owns
an tne bonds and stock of Zanesville A Western (89 miles) and, jointly with
Ihe Chesapeake A Ohio, control of the stock of the Kanawha A Michigan
(177 miles)
V. 90. p. 771, 849, 977, 1045; V. 91. p. 1095. Govt, suit,
v•
P» o4o.
k +2° ° wncd Jan. 1 1911 half of the $60,665,000 Reading Co. stock acquired
S P S S PSnnsylvanIa-Vanderbilt Interests, viz.: $6,065,000 first pref., $14,^bo.OOO 2d pref. and $10,002,500 common stock, the other half being: held
by the Baltimore A Ohio. V. 80. p. 1856.
List of stocks of companies owned Dec. 31 1909, V. 90, p. 708.
q. D IVIDENDS.—
1 ’98. '99 to '03. ’04. ’05. '06. ’07. ’08. ’09. ’ 10. ’ l l .
SIl} cc ,1897, % -------} 6 Vi 7 yearly
8
8
8 12 14 12 18 18
In 1911, Jan., 6%; Mch. 31, 6% extra; July, 6%.
,, Bonds.— For $50,000,000 mtge. of 1897, see abstract in V. 64, p. 1182, and
V .6 6 ’ b . •1140: V. 68, p. 1182: V. 73, n. 1264; V. 75. p. 290; V. h , p l035
The $o0,000,000 debenture 4s of 1903, due 1928, arc to be secured by any
v - 77• P- 1747, 2035; V. 78. p. 48: V. 80, p. 1912. In Feb.
1906 $35,000,000 of 25-year 4% bonds due In 1931 (and to be secured by
any new mtge.) were sold for improv’ts, and in Jan. 1910 permission was
K.ranted to Issue the remaining $15,000,000 of the $50,000,000 Issue to retire
the $15,000,000 5% notes due Feb. 1 1910 and to guarantee $11,000,000
Jamestown Franklin A Clearfield 4% bonds received for advances for con
struction and Improvements. See that company. V. 82, p. 392: V. 84
p. 996; V. 90. p. 167, 627, 771.
’
In Mch. 1911 sold In Paris 60,000,000 francs (say $12,000,000) of one-year
notes discounted In advance, maturing March 15 1912, to pay 44,000,000
francs notes due March 15 1911 and for Improvements. V. 92, p. 725.
Jointly with four other roads covenants to pay $30,000,000 N. Y. Central
Lines car trusts of 1907 and 1910, the company’s share of car trusts out
standing Dec. 31 1910 being $5,366,714 and $13,771,066 respectively
V. 85. p. 1402; V. 86, p. 168, 801, 803; V. 88, p. 761; V. 90, p. 1677.
GUARANTIES.— Additional guaranties not shown above, sec Chlcag#
Indiana A Southern, Detroit Hillsdale A S. W. and Ft. Wayne A Jackson.
EARNINGS.— 8 mos., (1911______Gross, $31,521,599; net, $10,216,094
Jan. 1 to Aug. 31. U'JIO______Gross, 32,413,254; net,
9,773,753
AN N U A L REPORT for 1910 at length was ln V. 92, p. 791, 803.
Year ending Dec. 31—
1910.
1909.
1908
Miles operated...................................
1,663
1,663
1,511
Railroad revenue....... ..................... $49,420,211 $45,110,997 $39,066,942
Operating Income (after taxes).......... 12,729,380 15,549,524 12,418 980
Other Incom e............ ........... ........ 10,452,087
0,486,887
5,097i081
Gross corp. Income.........................$23,181,467 $22,036,411 $17,516,061
Rentals of leased lines______________ $2,268,573 $1,858,691 $1,100
382
$1,100,382
Interest on bonds, Ac_______I I I . . I . 5,865,006
5,995,182
6,099,416
Hire equipment. Including Interest..
542,590
581,952
890,425
Other rents and miscellaneous.........
622,227
619,017
252,049
Dividends on guaranteed stock.......
96,030
64,020
64,020
Improvements
and equipm
equipment______
1,305,297
i .z o a .is o
1,4
33
li
.Riuvb Hcmo <iuu
ent______
1,263,186
1,433,508
Dividends on common stock____(18%)8,903,970(12)5.935,980(12)5935;980
Balance, surplus......................
$3,517,708 $5,718,382
— (V. 91, p. 1/66; V. 92, p. 725, 791. 803; V. 93, p. 340.)
$1,740,220
LA KE SHORE SYSTEM— MAHONING COAL R R — Owns from Youngs
town to Andover, O., and branches, 71 miles. In Dec. 1907 purchased a
one-half Interest in the Lake Erie Youngstown A Southern and Lake Erie A
Eastern railroads, building a belt and switching line from Girard to Struthers, reaching factories In Youngstown, O., and vicinity.
Leased In perpetuity for 40% of gross earnings to Lake Shore, which
Jan. 1 1911 owned $865,900 common and $399,500 preferred stock
DIVS.— ] ’91. ’92. ’93. ’94. '95 to Aug. '06. ’07 to ’09. 1910. 1911
0n, co.7?,I^on'-’ 4J^ 8 H 8
8
10 yearly
12 yearly Below
20’
In 1910 on common, Feb., 6 % and 50% extra; Aug., 10%.
The preferred stock certificates are 5% guaranteed and contain a clause
making them redeemable at par at option of company.
Year ending Dec. 31 1910, rental and other Income, $1,454 0 4 1 , <uirnlu<t
over interest and 22% on com. and 5% on pref., $411,129.— (V. 90 p 236 )
88
CAMDEN
McConnells V-C
.Fulton
Charlotte
terling
.Cato
Vaillngtoi
Im
suspension Jim
* UNH
SSlfli liny,
c a n as io ta A
TRUNK
.Ithaca
'De Ruyter"
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Dayton*'
CXewark Valley
yFlemlngrlllo
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Addison
Eldred GeneseeS
\<?
Harris
tossbui
yohnsonburg
Hailton
Foxbui
P a lo ff'
Deposit
Carbon
Dusbore|
Satterfield;
Honesdale
Nordmont
Hawley
Eagle Mereo<
Sonestowi
loshen
L. Main
[Clearfield
Columbia!
.errmoor
Deckertoi
Augusta,
Mt.Pocono
ltonB10° ^
Dan VV[luPej
vSo o J ^
iPomptoi
Newton
Milesburg
Laurelton
FishkIU
est Point)
iGouldsboro
vHh-
inow Shoe
.Centerville
Ellenville
,Cocheton
Pine Bush
Monticcllof
iW
Sur
V Narrowsburg \
Middletown
Newbi
Karthaus
PhilUpsb
Silv.ernaHs
Westfield Flats
M oscow
Chamoi
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Malden
Olive Branch
iCallicoon
terrlck Centre
Monroetoi) |
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JOAWILLIAM!
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Punisutawney
Phoenicia1
Downsville
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tow anda |
Bodines
Trout Runi
ighamton
'Hudson
iteklU
Arkville/
Waltoi
lancock
k
\ Morris Run/o
rHoytville
Slate Run]
Delhi,
Roxbury
inesboro
twells,
Pdgway
Driftwood
[Sidney
ifineveh
Httnter,
Forks
Vestal
lle
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■Trenton
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LayvreUeeville
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WclIsviUe
ROUTE
NEW YORK TO CHICAGO
□ Richford
Kanoi
iCanisteo
It'. Jewett,
THROUGH
? freeville \ *
QDryden
N
Homellsville;
’Hinsdale
Earlville
Truxton
a a iiiis
'Machlas Jc.
’Cleveland
^ ^ C u y le r
L.Locke
'ft.Groton
iButler
UohS Rochester'
GRAND TRUNK
IThroo'j
iascaJa*
irocton
Bay City
Sunbi
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Wekert
Andovei
t. Oramf
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Middleburg
iKLYl
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PITTSBUBq
LEHIGH VALL
RAILROAD
Ratling R u n o ^ ^ tmphin
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lilisburgt
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dletown
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P H 1LA DE 1
"Mancht
74
R A IL W A Y STO CK S AN D BONDS,
RAILROAD COMPANIES
{For abbreviations, &c., see notes on first page]
Miles Date
Road Bonds
Par
Value
Leavenworth Terminal Ry & Bridge— 1st M g s f__Ce
Lehigh & Hudson River— Second mortgage gold.......
Warwick Valley second mortgage (now 1st)___ — . .
Leh & Hud Rlv gen M $3,000,000 g (see text) Xc.c*
Debentures $400,000 redeem 105 after Nov 1911__
Equip trust certs gold due $40,000 yearly___ PeP.c
Lehigh & New England— 1st M 51,000,000 gold. FP
Northampton 1st M g $300,000 guar red l05-FP.c*
Lehigh & Delaware Arst gen mtge redeemable at 105
Consolidated mortgage $3,000,000 gold call at 105..
General mtge $7,500,000 gold red 102M-OuPc*
Equip tr ser A g gu red 102 M due $30,000 yrly.GuP
do
ser B g gu red 102 M red 545,000 yrly.GuP
Lehigh Valiev— Common stock $80,000,000------ (ip
Preferred stock 10% (V 79, p 151, 269)---------- GP
First mortgage extended In gold In 1898..GP.c&r
Consolidated Ml coupon & reg $4,762,000 4 Ms.c&r]
$40,000,000 /annuity $2,538,000 arc 4 Ms— FPJ
General consol mtge $150,000,000 gold— (iP.c*&r
Collateral trust bonds $19,000,000 see text.GP.c*&r
Equip trusts g Ser I, due $400,000 yrly(V. 85.P412)
do
gold, due $250,000 s-a Series J. Usm.c*
Bonds of Controlled Properties—
Lehigh & N Y 1st M gold guar p & 1____ Mp.c'&r
Leh Val of N Y 1st M gold guar p~ & 1 (end) _GP.c* &r
Lehigh & Lake Erie Arst mtge $3,000,000 gold..
Lehigh Val Term 1st M g guar p & 1end__ Ce.c*&r
Easton & Amboy 1st M Easton to Perth Amboy gu
Easton & Nor 1st M gold guar by Leh Val . GP.c’ &r
Middlesex Valley Arst mtge $600,000 gold___ Ce.c*
Penn&NYCan&RR— Cons gu (text) p&l (end)GP.r
Elmira Cortland & North Arst pref mtge gold. _Cc.c*
First mortgage gold guaranteed p & 1 (end)__ Ce
Morris Canal consol stock 4% guaranteed perpetual.
Preferred stock 10% guaranteed perpetual . ..
L V Coal Co 1st M $12,000,000 g s f hot drawn.c*&r
do
Interest reduced______________________
Delano L ’d 1st M g gu s f (V 90, p 1617)_______ GP
Wyoming Valley Coal consol (now 1st mortgage)__
1893
1887
1881
1890
1907
1906
All
1895
20 1902
27 1904
All
1903
All
1908
1908
1911
$1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
50
50
1,000
1,600
1,000
1,000 &c
1,000
1,000
1,000
3
63
22
63
275
1
303]
303
1868
1873
1873
1903
1905
1906
1907
115
509
11
31
60
13
29
1895
1890
1907
1891
1880
1895
1892
1888
119 1884
119 1884
1.892
1892
1891
Rate
%
When
Payable
$600,000
5g J
164,000
5g J
A
240,000
6
2,265,000
5 g ,J
M
4
400,000
200,000
4M g J
1,000,000
5g J
300,000
5g J
650,000
5
•J
1,380,000
5g A
1,280,000
A
4 g
360,000
4 M g .1
700,000
4M M
60,501,700 10 In ' l l .)
106,300
J
10
5,000,000
4 g .1
10,400,000 4M & 6 .1
12,600,000 4M & 6 J
26.639,000
\1
4g
12,732,000
4g F
In treasury
4g M
3,000,000
4M g M
1,000 2,000,000
1,000 15,000,000
3,000,000
1,000 10,000,000
1,000 6,000,000
51,000
500 &c
200,000
1,000
1,000 8,500,000 4,
750,000
1,000
1,250,000
1,000
100 See text
100 See text
1,000 10,114,000
1,400,000
1,000
1,082,000
1,000
200,000
L A K E S U P E R I O R & I S H P E M I N G R Y . — Owns Presque Isle (Marquette)
to Ishpemlng, Mich., 20 miles; branch to Maas mine, 4 m.; trackage, 1 m.;
total, 25 miles. Also owns large docks at Presque Isle Harbor. Controlled
by Cleveland-ClilTs Iron Co. Incorp. In Mich. Feb. 17 1893. Stock,.$1,000,000; par, $100. Of the serial (Is of 1911 ($1,400,000 auth. Issue), $994,
000 have been sold; they are due $70,000 yearly and redeemable, all or any,
on any Int. day In reverse of numerical order at 101. Sink, fund 5 cents per
ton In excess of 1,500,000 tons shipped over the line and docks during the
preceding cal. year, payable annually beg. Jan. 1912, Is expected to provide
for prln. and Int. of bonds. V. 92, p. 1036: V. 93, p. 229.
«ifj| •
For year ending June 30 1910, gross, $251,975; net, $28,802; other Income,
$29,037: Int., taxes, &c., $40,406; bal.. sur., 517,432. Pres., Wm. G.
Mather, Cleveland, Ohio.— (V. 93, p. 229.)
L A N C A S T E R O X F O R D & S O U T H E R N R R . — (3-/7. gauge.)— Oxford,
Pa., to Susquehanna, 20 miles; branch, 8 miles. Stock, $200,000; par,
$100. The Oct. 1910 coupons on the $200,000 bonds were not paid. On
March 4 1911 John A. Naumann of Lancaster, Pa., was appointed receiver.
V. 92, p. 725; V. 91, p. 945. In Feb. 1911 75% of the bonds had been
deposited with a protective committee (Union Trust Co. of Lancaster, de
positary). V. 92, p. 262, 395. Year ending June 30 1911, gross, $31,343;
net Income, $3,212; Interest, 510,000; bal., def., $6,788. Pres., W. M.
Franklin; Treas.. J. VV. Bausman; Sec., J. B. Long. Office, Lancaster, Pa.
— (V. 92, p. 725.)
■ LA RA A1I E H A H N ’ S P E A K & P A C I F I C R Y — Owns from Laramie,
Wyo., to Northgate, Colo., 80 miles, an extension from Northgate to He
bron, Colo., to be completed In Nov. 1911.
In 1909 a 50-year gen. mtge. for $10,000,000 was auth. to refund prior
bonds, extend and double-track the road and for further Improvements and
extensions. There have also been sold $450,000 5-year 7% coupon notes
dated Jan. 1 1910, secured by 5900,000 gen. M. bonds; also 51,000,0005-year
7% coupon notes, dated June 15 1910, to anticipate moneys from sale of
$8,600,000 gen. M. bonds under contract. V. 91, p. 1766. As to the ref. hi
of 1907, see V. 85, p. 1646; V. 88, p. 1061. For year ending June 30 1911,
gross, $74,262; net, $23,449; taxes, $2,700; other deductions, $1,599;
bal., sur., $19,150. Pres., Fred. A. Miller, Laramie, Wyo.— (V. 88, p.
1061; V. 91, p. 1574, 1766.)
iT* L E A V E N W O R T H T E R M I N A L R A I L W A Y & B R I D G E — Owns high
way and railroad bridge (opened Jan. 1 1894), 1,110 ft. long, over Missouri
River at Leavenworth, Kan., and valuable terminal property In that city.
In July 1910 the Chicago Great Western acquired the entire stock, but does
not guarantee or assume bonds. V. 91, p. 214, 397. Kansas City St.
Joseph & C. B. (Chicago B. & Q.) and Chic. R. I. & P. use the bridge at an
annual rental of $16,000 each, under a 30-year contract from 1894. For
year 1909-10, gross, $60,526; net, $42,992; Int. & taxes, $36,729; bal., sur.,
$6,263. Stock, $600,000.— (V. 89, p. 1597; V. 91, p. 214, 397.)
• L E H I G H & H U D S O N R I V E R R Y . — Owns from Maybroolt on Central
New England Ity. to Belvldere, N. J., on the Penn. RR., 75 miles; track
age, S. E. & P. RR., Phllllpsburg to Easton, 1 m.; trackage, Penn. R R.,
Belvldere to Phllllpsburg, 13 m.; Ont. & West.. Burnside to Campbell Hall,
2 m. (no trains operated over line In 1910-11); D. L. & W. trackage, And
over Jet. to Port Morris, N. J., 8 m.; total operated, 99 miles. V. 79, p. 269.
Stock, $1,340,000; par, $100.
BONDS.— Of the $2,265,000 gen. mtge. bonds out, $1,062,000 are guar*
Jointly, p. & I., by the Central RR. of N. J. and Leh. Coal & Nav. Co. An
additional $405,000 are reserved to take up prior liens and $330,000 for
extensions or acquisitions of connecting roads. In Mch. 1911 permission
was given to Issue $1,185,000 additional bonds to refund the $1,185,000 old
bonds maturing July 1911 and April 1912. V. 92, p. 595, 1701. See form
of guaranty, &c.. In V. 67, p. 788; also V. 85, p. 1513. Equip, trust 4 Ms,
V. 83, p. 96. Locomotive rental notes June 1911, $39,217; loans and bills
payable June 30 1911, $232,000.
EARNINGS.— 12 mos.,/1010-11....... Gross, $1,465,796; net, $558,039
July 1 to June 30.
11909-10____ Gross, 1,440,034; net, 550,632
Surplus after charges, $244,263, against $245,172 In 1909-10.
AN N U A L REPORT.— For years ending June 30, V. 91, p. 1763.
Y e a r ending June 30— Gross.
Net. Int., Taxes. & c . Dal., S u r .
1910-11....................... .$1,465,795
$558,039
$313,775
$244,264
550,632
305,460
245,172
1909-10....................... 1,440,034
Lewis A. Riley, Pres., Philadelphia, Pa.— (V. 92, p. 595, 1701.)
LEHIGH & NEW ENGLAND R R — Operates road from Slatlngton, Pa.,
to Campbell Hall, N. Y., 95 m.; Bethlehem to Benders Jet., Pa., 19 m.;
Bath to Martin’s Creek, Pa., 20 m.; branches, 36 m.; total, 170 m., of which
two sections, aggregating 35 in., are trackage and 9 m. leased, leaving 126
m. owned. V. 79, p. 2642. Contract for branch from Danlelsville to
Tamaqua, about 34 m., was let Jan. 1911. V. 92, p. 118. Lehigh Coal
& Nav. Co. owns control. V. 78, p. 1781, 1962; V. 91, p. 1386.
SECURITIES.— Stock authorized. $3,000,000; Issued, $1,000,000; par.
$50. Of the generals of 1908 ($7,500,000), $3,350,000 were reserved to re
tire remaining underlying bonds and $2,870,000 for future requirements.
The outstanding $1,280,000 are owned by the Lehigh Coal & Nav. Co.
V. 91, D. 1386. Car trusts guaranteed by Lehigh Coal & Nav. Co., V. 86,
p. 1343, 1409.
EARNINGS— For year ending June 30 1911 (170 miles), gross, $901,855;
net, $311,539; charges, $258,832; bal., sur., $52,707. Pres., W. A. Lathrop; V.-P. and Gen. Mgr., Rollln II. Wilbur; V.-P. and General Counsel,
Wm. Jay Turner; Sec. and Treas., II. F. Baker.— (V. 92, p. 118.)
L E H I G H V A L L E Y R R . — (See M ap.)— Jersey City, N. J., opposite N. Y .
City, to Buffalo, N. Y., 450 miles, with branches, viz.: (*See these cos.)
Fee or all StOik Owned—
Miles. Lehigh & N. Y.. Pa. State line
Buffalo, N. Y., to Sayre, Pa__ 175
to No. Fair Haven, N. Y ----- 115
Wilkes-Barre, Pa., to Jersey
O ther......................................
79
City...................................... 174 Leased— State Line & Sullivan,
Elmira Cortland & Northern*. 139
etc_________________________ *27
Branches........................
535 Trackage to Susp. Bridge, &c_.
49
Pa. & N. Y., Wilkes-Barre to
Pa. State Line (with 41 miles
Total June 30 1911............... 1,430
branches) _________________ 137 Second track........................... 597
Hays Creek and Buck Mtn. anthracite branches to be completed In 1911.
Amount
Outstanding
4g
4M
4M
5g
5
4M
5g
4 M.
6g
5g
4
10
5g
4g
5g
6
[VOL. L XXXXIII
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Last Dividend
and Maturity
J Jan 1 1923
Central Trust Co, N Y
J July 1 1917
1Irving Nat Exch Bank,
O Apr 1 1912
1 N Y , and First Nat
.1 July 1 1920
J Bank, Warwick, N Y
N July 1 1920
Irving Nat Exch Bk. N Y
1) Dee 1 ’ 1l- ’ lO
Philadelphia
J July 1 1945
437 Chestnut St, Phlla
.J Jan 1 1952
do
do
J July l 1954
do
do
do
do
O Oct 1 1953
o Apr 1 1958
do
do
1) To June 1 1923 Guar Tr & S D Co, Phlla
N To May 1 1926
do
do
.1 July 15 ’ l l , 5% Checks mailed
J July 15 ’ l l , 5%
do
do
D June 1 1948
Office. 228 So 3d St, Phil
do
do
D Dec 1 1923
D Irredeemable
do
do
JPMorgan&Co.NY & Phil
N .May 1 2003
A Feb '12-Feb '26
do
do
S To Sept 1 1916
S Mch ’12-Sept '17 Philadelphia
S Sept 1 1945
J July 1 1940
s Mch l 1957
o Oct 1 1941
N May 1 1920
N Nov I 1935
N Nov 1 1942
O Apr 1 1939
0 Apr 1 1914
o Apr l 1914
A Aug 1911, 2%
A Aug 1911, 5%
& J Jan l 1933
& .J Jan 1 1933
& J Jan 1 1932
*
J July 1 1917
M &
g .1 &
gM &
A &
M &
gM &
M &
5A &
A &
A &
F &
F &
J
.1
J
J
Places Where Interest an€
Dividends are Payable
J PMorgn&Co,N Y &&I’ hil
do
do
JPMorgan&Co, NY&Phll
Office, 228 So 3d St, Phil
do
do • •
Philadelphia
• ■ •
Lehigh Valley RR, Phlla
do
do
■
do
do
•
Office. 228 S 3d St, Phlla
do
do
■
JPMorgan&Co, NY&Phil
do
do
Philadelphia
do
do
HISTORY, ETC.— The Drexel-Morgan Interests, It Is understood, have
a preponderating voice In the management. A syndicate represented by
Kuhn, Loeb & Co. In July 1910 acquired a large Interest. V. 91, p. 276.
COAL P R O PE R TY.— The Lehigh Valley RR. Co. owns all the ($1,965,
000) stock of the Lehigh Valley Coal Co. (V. 81, p. 1726). Annual report
for 1910-11 In V. 93, p. 790. Purchase In 1905 of Coxe Bros., see "Bonds.”
The Coal Co. shtpped from collieries owned and controlled 9,021,206 tons
of anthracite coal in 1910-11, against 8,092,940 tons In 1909-10; total coal
and coke tonnage 1910-11 was 15,589,750. Decision April 1911, V. 92,
p. 956.
STOCK.— The shareholders voted June 22 1910 to Increase auth. com
mon stock from $40,334,800 to $80,000,000, of which $20,166,900 was sub
scribed for by stockholders at par, payment being made by Oct. 31 1910,
the proceeds to be used to retire $6,000,000 2d M. 7s due Sept. 1 1910 and
other obligations, and for future purposes. V. 90, p. 1101, 1676.
DIVS.—
( ’88 t o ’91. '92. ’93.’94 t o '03. '04. '05. ’0 6.’07 t o ’ 10. 1911.
Since ’87 (%)\5 yearly. 5M 4
None.
1 4
4 6 yearly.
10
BONDS.— The gen. consol, mtge. of 1903 will secure $150,000,000 bonds
bearing not to exceed 5% Int., covering the entire road, the stock of the
Lehigh Valley Coal Co. and other stocks owned. Of the bonds, $10,000,000
were Issuable at once, $10,000,000 were reserved to retire car trusts and
coal-purchase bonds, $96,000,000 to retire at or before maturity outstanding
Axed obligations amounting to $94,130,000 duel, the coll, trust bonds, and
$2,000,000 coal trust ctfs. of 1902, which were called for payment), on pay
ment of which the general consols will be a first lien on all the property of
the system, except as to $12,600,000 annuity bonds, which are a perpetual
charge; the remaining $34,000,000 were Issuable at not exceeding $2,000,000
a year, or such larger amounts as may be authorized by stockholders, begin
ning Jan. 1906, for acquisitions, terminals, coal properties, equipment, &c.
Old bonds may, however.be extended,If necessary,for not over two years.
Provision may be made at the time of Issue of bonds thereunder for the right
to convert Into stock at the pleasure of the holder not over $25,000,000 at
any one time. V. 77, p. 824; V. 78, p. 287; V. 79, p. 1642; V. 82, p. 1380
V. 86, p. 1343; V. 88, p. 1372. See property covered In V. 81, p. 211.
The purchase of the stock of Coxe Bros. & Co. ($2,910,150) and of the
Delaware Susquehanna & Schuylkill RR. ($1,500,000) In Oct. 1905 was
llnanced by an Issue of $19,000,000 coll, trust 4% bonds, to be retired by
$500,000 semi-annual installments beginning Aug. 1907 and secured by
deposit of those stocks. The bonds are subject to call as a whole at 102 M.
beginning Aug. 1 1912, or in the order of serial nu hers. V. 81, p. 1175,
1242; 1376; V. 82, p. 100; V. 83, p. 702; V. 84, p. 1428; V. 88, p. 452.
GUARANTIES.— Lehigh Valleu Railway Co.— Owned Buffalo, N. Y.,
to near Sayre, Pa., 175.16 miles, double track, and branches, 333.60 miles,
in all 508.76 m.. covered by $15,000,000 mtge. of 1890, but in 1903 and
1905 consolidated with other sub. cos. and In 1907 absorbed the Lehigh &
Lake Erie. Stock, $11,745,000, all owned by Lehigh Valley HR. Mortgage
abstract, V. 51, p. 114; V. 77, p. 147, 972; V. 81. p. 784; V. 83, p. 38;
V. 84, p. 1366.
Lehigh Valley RR. Co. of New Jersey.— Owned double-track road from
Phllllpsburg, N. J., to Jersey City, and branches, with about 125 acres at
Jersey City and a large water front, &c. Total mileage, 121.93 m. Stock,
$20,433,000, all owned by Lehigh Valley RR. V. 77, p. 972; V. 53, p. 640,
880; V. 81, p. 784; V. 83, p. 703.
Morris Canal.— Leased In perpetuity and dividends guaranteed. Bonds
all owned by Lelilgli Valley. See V. 50, p. 137. Of the outstanding $1,
025,000 consols and $1,222,000 pref. stock, $706,200 consol, and 5890,300
pref., respectively, were owned by the Lehigh Valley RR., which In Oct.
1911 offered to purchase the minority stock. In Feb. 1911 permission was
asked to abandon the canal and turn over water rights to the State. It Is pro
posed to pay off the stock. V. 92, p.527, 1109; V. 93, p. 811, 1106. In April
1911 a minority stockholders’ protective comm, was formed. V.92,p.900.
Penn. & N. Y. Canal &■ RR.— Leased for 99 years from Dec. 1 1888 to
Lehigh Valley, which has assumed Its debt and owns all its stock. Consols
include $4,000,000 5s, $3,000,000 4s, $1,500,000 4 Ms. V. 62, p. 950.
Consolidated Real Estate Co.— See V. 78, p. 1223; V. 79, p. 1271; V. 83,
p. 702. To June 30 1911 none had been sold.
Seneca County Ry., $500,000 guaranteed bonds; none sold June 30 1911.
See V. 79, p. 1271.
Lehigh <fc Lake Erie mortgage ($3,000,000) covers 11 m. double-track ter
minal road at Buffalo. V. 81. p. 211; V. 83, p. 702. Leased for 999 years.
V. 84, p. 1248; V. 85, p. 412; V. 87. p. 817, 818.
GENERAL FINANCES.— In 1910 shareholders subscribed for $20,166,
900 stock at par. See STOCK above. In Jan. 1911 dividend rate was in
creased from 6 to 10%.
EARNINGS.— 3mos.,fl911......... Gross, $9,928,335; net, $3,478,859
July 1 to Sept. 30. \1910.........Gross, 9,024,982; net, 3,251,747
AN NU AL REPORT.— Fiscal year ends June 30. The report for 1909-10
Revenue from Operation—
1910-11.
1909-10.
1908-09.
Coal freight revenue.........................$17,155,534 $15,821,798 $14,831,671
Merchandise freight revenue________ 14,687,291 14,757,799 13,291,831
Passenger revenue_________________ 4,568,030 4,330,172
3,905,063
Mail, express. &c............................. 1,276,548 1,257,629
1,109,267
Total operating revenue. _______$37,687,403 $36,167,398 $33,137,832
Net after taxes................................ $12,814,437 $13,230,156 $11,329,439
Other Income___________________ •___ 1,675,739
1,406,458'
$14,490,176 $14,636,614
Interest on bonds____ ______________ $3,306,268 $3,806,436
Rentals and guaranties_____________ 2,514,907 2,544,622
Miscellaneous deductions____________
168,994
148,155
Additions and betterments__________
980,549
843,877
Dividends on preferred stock (10)__
10,630
10,030
Dividends on common stock________ (8)4,235,129(6)2,420,088
Balance, surplus
$3,273,699
$4,862,806/
Compari
son
changed.
O c t ., 19 11. J
R A IL W A Y
STOCKS AN D
BONDS
75
76
R A IL W A Y
RAILROAD COMPANIES
(For abbreviations, &c., see notes on first page]
STOCKS
Miles Date
Road Bonds
Par
Value
AND
Amount
Outstanding
BO ND S.
Rate
%
[VOL. L X X XXIII.
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
Lehigh Valley— (C o n c l u d e d )—
Consol Heal Estate llrst mtge $2,600,000 guar.Usm
Lexington Union Station — Preferred stock (see text) Lime Rock — Consolidated refunding mortgage gold.
Litchfield & Madison— First mtge $1,000,000 gold.
Little Falls & Dolgcville — First mtge $250,000 gold.
Little Miami — Stk original gu 8% 99 yrs P C & S t L . .
Special guaranteed betterment stock ($5,000,000)
Renewal mortgage..____________________________ c
1906
12
44 1901
1903
84 1882
Little Rock & Hot Sp West — See St Louis Iron Mtn & Sou.
Little Schuylkill Nav RR & Coal — Stock (rental guar)
32
Long Island — Second (now llrst) mortgage________ e*
155
Consolidated mortgage (gold) ($3,610,000 are 5s) Cc
General mortgage gold______________________Ce.c
Long Island RR mtge on ferry for $2,750,000 g Ce.c
Stewart Line mtge of 1932 for $500,000 gold___ Cc
Debenture ($1,500,000) gold not subject to call___
New York & Flushing llrst mortgage assumed__ Ce
Bklyn&Mont 2dM assu IlusSta to E’tp’t & brs.Ce.c*
Consolidated mortgage goldassumed_____Ce.c*
New York Bay Extension 1st M assumed $200,000.
Montauk Extension $600,000 1st M assumed___
Unified M gold callable at 110__________ Usm.c&r
Refund mtge $45,000,000 gold gu p & l __ Eq.c*&r
Debentures $16,500,000 authorized_______________
L e a s e d a n d C o n t r o l l e d L i n e s , P r i n c i p a l o r In t e r e s t
L I RR No Sh Br cons M $1,425,000 gu p & l.Ce.c*
N Y B & Man V 1st cons M $1,726,000 gold gu...C e
N Y & Rock Beach 1st M $984,000 guar p & 1___ Ce
P P & C I 1st and 2d ($96,000 seconds) guar p & 1..
Lorain & West Virginia — 1st M $2,000,000 gold.c*&r
Louisiana & Arkansas — Stock $7,000,000 authorized.
First mortgage $7,000,000 gold (text)------- S.c*&r
Louisiana & North West RR — Prior lien gold---------First mortgage $10,000,000 gold__________ MSt.c*
1878
156 1881
163 1888
1892
18 1892
1894
2 1880
76 1S88
19 1887
0 1893
21 1895
316 1899
316 1903
1909
Guara nteed.
30 1892
19 1885
__
1887
10 ’80-’91
35 1906
255
255 1902
35 1895
115 1905
$1,000 In treasury
100
$ 3 8 8,00 0
1,000
4 0 0 ,0 0 0
1.000
1,000,000
100 &c
2 5 0 ,0 0 0
50 4 ,9 4 3 ,1 0 0
50 3 ,7 0 0 ,5 0 0
1,000
1,500,000
50 2 ,4 8 7 ,9 5 0
100 &c
268 ,7 0 3
1,000 4 ,7 3 1 ,0 0 0
1,000 3 ,0 0 0 ,0 0 0
1,000
1,494,000
1,000
3 3 2 .0 0 0
1,000 a l . 1 35,000
1,000
125,000
1,000
6 0 0 ,0 0 0
1,000
650 ,0 0 0
1,000
a 100,000
1,000
a 3 15,000
1,000 5 ,6 6 0 ,0 0 0
500 <Scc 2 4 ,0 0 8 ,0 0 0
1 2,062,951
g
g
g
2-5
5 g
7
4 & 5 g
4-g
4 4* g
4 g
5 g
6
5 g
5 g
5
5
4 g
4 g
4
1,000 a l , 2 6 2 ,0 0 0
5 g
1,000 a l . 601 ,0 0 0
5 g
1,000
a 8 8 3,00 0
5 g
1.000
4 3 6 .0 0 0
4 4*
1.000 2 ,0 0 0 .0 0 0
4 g
100 5 ,0 0 0 .0 0 0 2 4* In ’ l l
1,000 4 ,5 8 7 .0 0 0
5 g
1,000
100,000
5 g
1,000 2 .0S 0.000
5 g
a In hands of public; total Issue shown In left-han d colu mn; ba lance un d er unified
Pres., E. B. Thomas, 143 Liberty St., N. Y.; Vice-Presidents, J. A.
Middleton, T. N. Jarvis, L. D. Smith; Gen. Mgr., J. F. Maguire; Treas.,
J. M. Baxter; Sec., D. G. Baird, 228 So. 3d St., Philadelphia; Executive
Committee: Chairman, E. B. Thomas; Geo. F\ Baker, E. T. Stotesbury,
Charles Steele, W. II. Moore, Daniel G. Reid and George F. Baer.
Directors— Edward T. Stotesbury, W. R. Butler, Alfred C. Harrison,
Wm. II. Moore, Daniel G. Rekl, E. S. Moore, Charles Steele, Abram Nesblt,
P. A. B. Wldener, Geo. F. Baker, E. B. Smith and Geo. F. Baer.— (V. 92,
p. 118, 527, 956, 1032. 1109; V. 93, p. 164, 790, 809, 1106.)
LEXINGTON & EASTERN RY.— Owns from Lexington, Ky., to Jack
son, Ky., about 92 miles. V. 73, p. 663; V. 90, p. 589. In Nov. 1910 the
Louisville & Nashville had acquired all of the $500,000 stock and most of the
$1,500,000 gen. M. bonds and deferred debentures ($330,000) and Is building
an extension from Jackson, Ky., up the north fork of the Kentucky River
to a point near the headwaters of Boone’s P’ork, about 96 miles, of which 2
miles opened Nov. 1910; also branch Jackson to Quicksand, 3 m. Upon
by the Louisville & Nashville of the $800,000 1st M. bonds due
Sayment
uly 1 1911. the property became practically free of mortgage debt. V. 91,
p. 1447;V. 92, p. 1701.
EARNINGS.— 12 mos.,11910-11........... -Gross, $532,849; net, $157,158
July 1 to June 30.
\1909-10_______ Gross, 484,620; net, 161,898
Year ending June 30 1910, gross, $484,620; net over taxes, $149,891;
other Income, $21,936; charges, $118,112; surplus, $53,715. Pres., Arthur
Cary, Lexington, Ky.— (V. 76, p. 542; V. 91, p. 589, 1025, 1447, 1701.)
LEXINGTON (KY.) UNION STATION CO.— Owns passenger station.
Common stock, $15,000. owned equally by Loulsv. & Nashv., Chcs. &
Ohio and Lexington & Eastern. There has been authorized $500,000 of 4%
cumulative (non-voting) preferred stock, secured by mtge., and rentals paid
by above-named roads on basis of passenger cars. Pres., W. A. McDowell;
Secretary and Treasurer, A. Mitchell Jr.
LIME ROCK RR.— Owns road In and around Rockland, Me., 11 m.;
trackage, 1 m.; total. 12 m. Stock, $450,000; controlled by the RocklandItockport Lime Co. of Maine (V. 92, p. 960). Dlv. In 1905-00, 5%; i90607, 5%, of which 3% from accumulated surplus; 1907-08, 2 K % ; 1908-09,
5%; 1909-10, 4 4*%. Year ending June 30 1910, gross, $83,808; net, $39.
434; other Income. $1,000; lnt. and taxes, $17,000; dlv. (4 >3%), $20,250;
bal., sur., none. Office, Rockland.— (V. 82, p. 1380).
LITCHFIELD & MADISON RY.— Owns Litchfield Jet. to Madison, 111.,
44 m • trackage, 1 m.; total, 45 m. Stock, common, $500,000; pref., 4%
non-cum., $500,000; par of shares, $100. Formerly controlled by Chic.
Peoria & St. Louis. For year ending June 30 1911, gross, $253,453; net,
$77,249; other Income, $15,483; Interest, taxes, &c., $73,852; balance,
surplus, $18,880. Pres., James Duncan, Alton, 111.— (V. 79, p. 2456.)
LITTLE FALLS & DOLGEVILLE RR.— Owns Little Falls, N. Y., to
Dolgcville, 10 miles. Operates under agreement Dolgcville & Salisbury
RR.,extending from Dolgcville to mine of Salisbury Steel & Iron Co.
Stock, $250,000, of which the New York Central & Hudson River RR. In
July 1906 acquired a majority. Bonds, see table. For year ending Dec. 31
1910, gross, $84,230; net Income, $28,761; charges, $17,280. Pres., VV. II.
Newman; Sec., D. VV. Pardee.— (V. 83, p. 272.)
LITTLE KANAWHA RR.— Parkersburg, VV. Va., to Crcston, 50 miles.
Stock. $3,000,000 authorized; Issued, $509,500. Owned by Pittsburgh
* Lake Erie, Pennsylvania and Baltimore & Ohio, the last-named operating
the road from May 1 1908. V. 86, p. 981; V. 82, p. 628; V. 86, p. 981.
LITTLE MIAMI RR.— (See Maps Pennsylvania RR.)— Owns Cincinnati
O., to Springfield, O., 84 m.; branch, Xenia, O., to Dayton, O., 15 in.; Day
ton, O., to Ind. State line, 38 m.; leases Columbus & Xenia RR., Xenia, O.,
to Columbus, ()., 55 m.; Cln. St. Con. RR., 2 m.; Richmond & Miami RR.,
Indiana State line to Richmond, 4 m.; total, 195 miles.
LEASE.— On Dec. 1 1869 leased to Pittsburgh Cincinnati & St. Louis
(now Pittsburgh Cincinnati Chicago & St. Louis) for 99 years, renewable for
ever. The Pcnna. RR. Co. Is a party to the contract and guarantees Its
faithful execution. Rental Is 8% on $4,943,100 original stock, 4% on bet
terment stock and lnt. on debt. V. 84, p. 51, 815; V. 86, p. 857.
Lessee’s report shows results to lessee: In 1904, loss, $133,746; In 1905,
loss, $167,692; In 1906, loss, $185,303; in 1907, loss, $54,477; In 1908, loss,
$142,946; In 1909, profit, $67,171; In 1910, profit, $79,646. Stock auth.
$10,000,000. Beginning Dec. 1899 1-5% extra paid on common stock each
Dec. and June from surplus Invested funds, making dlv. 8 2-5% yrly.—
(V. 86. p. 857.)
LITTLE SCHUYLKILL NAVIGATION RR. & COAL.— Owns from Port
Clinton to Tamanend and Rcevesdalc, 31.42 miles; 2d track, 20.65 m.; total,
90.84 miles. Rc-leased on Dec. 1 1896 to Phlla. & Read. Ry. for 999 years
and rental reduced from 7% on stock to 5%> gold from Jan. 1 1897. Divi
dends: In 1898, 5M%; 1899, 5)3%; 1900. 5; 1901, 543; 1902, 5 4*: 1903. 5;
1904, 5; 1905, 5 4*; 1906, 5; 1907, 543; 1908, 543; 1909, 5; 1910, Jan., 243;
July, 3%; 1911, Jan., 2 43%: July, 243% • Lessee pays taxes and organiza
tion expenses.— (V. 73, p. 554.)
LONG ISLAND RR.— Operates the steam surface roads of Long Island.
Owns—
Allies. | Leases— ( ‘ Which see.)
Miles.
Long Island City to Greenport— 95 N. Y. & Rockaway Beach R y .* .. 12
Long Island City to Montauk-----115 J a m a ica & So. Sh.(V.78.p.l02)-- 5
Sundry branches......... .............. 109 N. Y. Ilklyn. & Man. Uch.*____ 15
Trackage—
Total owned (V. 77, p. 2098) -.319 Penna. Tunnel & Terminal______ 4
Total Dec. 31 1910___________399
Nassau Electric R R ____________ 10
North Shore Branch R R ------------ 30 Opcr. electrically In Dec. 1909__ 140
Double track------------------------132
Also owns, through the Long Island Consolidated Electrical Companies,
the Huntington RR., Northport Traction, Nassau County Ry. and Ocean
Electric Ry., having combined mileage of 26 43 m., Inc. 16 43 m., Huntington
to Amltyvllie, opened Aug. 26 1909. V. 89, p. 593; V . 90, p. 1040.
The Pcnna. RR. In 1910 completed an underground tunnel (electric rail
road) for passenger service from Jersey City under the Hudson River to a
central passenger station at 33d St. and 7th to 10th Aves., and thence
4
4
4
5
3
8
4
5
F & A F eb
J
& J J u ly
J
& J J u ly
M & N N ov
J
& J J u ly
Q — M 10 S e p t
G- — M 10 Sep
M & N N ov
J
F
J
M
.1
J
M
J
M
J
J
M
M
J
&
&
Q— J
&
&
&
&
&
&
&
&
&
&
&
&
1 1956
1 1911 2 %
l 1929
1 1934
1 1932
10 ’ 11 2
10 ’ l l 1%
2 1912
O ffic e , L e x in g to n , K y
P o rtla n d . Me
Central T r C o, N Y
A m c r E x ch N at B k , N Y
O ffic e , F osd tck B ld g. Cln
do
do
B a n k o f A m e r ic a , N Y
J J u ly 15 ’ l l 24* O ffic e , 410 W a ln u t,P h lla
A A u g 1 1918
U S M tge & T ru st C o ,N Y
J u ly 1 1931
D June 1 1938
do
do
S M ch 1 1922
D June l 1932
do
do
1) Jun e 1 1934
S M ch 1 1920
do
do
D Jun e 1 1938
do
do
N M ay 1 1937
do
do
.1 Jan L 1943
do
do
J Jan 1 1945
do
do
S Mch 1 1949
do
do
S M ch 1 1949
Am N at E x ch B k, N Y
D D ec 31 1919
Q— J
O ct 1 1932
A & O O ct l 1935
M & S S e p t 1 1927
V a riou s 1926-1931
J & D Jun e t 1956
S em l-a n Sep 15’ 1 l l 4* %
M & S S e p t 1 1927
J
& .1 Jan 1 1945
A & O A p r 1 1935
U S M tge & T r C o, N Y
C ity S & T C o. C le v & N Y
C h ecks m ailed
S ta n d a rd 'l’rust C o, N Y
l lo o d y , M cL & C o, N Y
T reas O ffic e , St L ou is
mtge.
under the East River to a connection with Long'Island RR. The L I trains
began using the station Sept. 8. As to lmpts., see V. 89, p. 666, 1483.
STOCK.— $12,000,000, par $50; of which Penn. RR. owns $6,797,900.
DIVIDENDS.—
J ’82. ’83-’90. '91. ’92. '93. ’94. ’95. '96.
None
Percent----------------- j l 4 y ’ly. 4 4 3 5
54434
4
since.
BONDS.— The refunding 4s of 1903 ($45,000,000 authorized Issue) are se
cured by a Hen on the entire road, subject to the $21,992,000 outstanding old
bonds, to retire which an equal amount Is reserved; remainder, $24,008,
000, guar, as to prln. and lnt. by the Penn. RR., were sold, the proceeds to
be used for various Improvements and additions In connection with the
Pennsylvania tunnels to and through New York City, principally for addi
tional terminal facilities at Bay Ridge and Long Island City and for a double
track connection with the New Haven road, for additional freight and pas
senger terminals, tracks, equipment, and to retire old bonds. V. 78, p.
583. 1.549: V. 79. p. 2796: V. 80, p. 1111; V. 81, p. 211: V. 82, ». 868; V. 92.
p. 527. Due Penna. RR. Oct. 1911 for advances, $12,798,792, on account
of which $12,062,951 debentures had been Issued. V. 93, p. 1022.
Equipment trusts Dec. 31 1910, $3,322,000; loans and bills payable, $4,
700,000. Penn. Co. Dec. 31 1910 owned $2,000,000 4% equip, certificates.
'I he unified mortgage Is limited to the amount now outstanding. Bonds
arc subject to call at 110 In whole or in part on any interest day. V. 68,
P- 618. Mtges. on real estate, $1,969,917. V. 76, p. 260: V. 85, p. 160.
In Nov. 1909 authority was given to Issue not over $16,500,000 10-year
4% debentures, of which a portion to be Issued to reimburse the Pennsyl
vania RR. for advances aggregating $6,062,952 on account of various Im
provements during 1905 to 1908, the remainder to cover additional Im
provements and new equip. V. 89, p. 529, 1411; V. 90, p. 698, 1040.
GUARANTIES.— In addition to guaranteed bonds In table above, guar
antees 5% on $650,000 New York Brooklyn & Manhattan Beach pref stock
Part rental; also 4 43% on $50,000 P. P. & So. Br. stock and 4 43%, on
$82,500 of the New York & Coney Island stock.
The shareholders voted March 14 1906 to guarantee, principal and Inter
est, an authorized Issue of $10,000,000 4 43% 40-year collat. trust bonds of
the Long Island Consolidated Electrical Companies, a holding company, all
of whose stock Is owned, for the trolley lines owned and controlled. See
V. 82, p. 100, 864; V. 84, p. 865; V. 86, p. 1157. No bds. sold to Dec. 31 1910.
EARNINGS.— 8mos.,/1911............. Gross, $7,086,872; net, $1,486,348
Jan. 1 to Aug. 31. \1910_ ........... Gross, 6,533,760; net, 1,391,983
REPORT.— Report for calendar year 1910 was In V. 92, p. 1024.
1910.
1909.
Inc. or Dec.
Operating revenue____ ____________$9,779,116 $8,960,395 +$818,721
Net (after taxes)------------------------ $2,195,222 $2,617,726 — $422,504
Other Income-----------------275.051
280,608
— 5,557
Total net Income............
$2,470,273
F lxed rentals______________________
$255,095
2,085,848
Interest on bonds......... ............
Other Interest, hire of equipment, &c.
457,893
$2,898,334 +$42S,061
$255,127
— $32
1,803,330 + 282,518
523,096
— 65,203
Balance, surplus or deficit----------- def.$328,563sur .$316,780 — $645,343
Bond Interest docs not Include all the Interest, a “ proper proportion” on
securities Issued for Improvements extending through several years from
which no additional revenue can be derived until completion, having been
charged to cost of construction. Sec V. 84, p. 865.
Pres., Ralph Peters; Treas., James F. Fahnestock. Broad St. Station.
Philadelphia.— (V. 92, p. 595, 1024, 1109, 1500, 1636; V. 93, p. 105, 1022.)
LORAIN & WEST VIRGINIA RY.— Wellington to Lorain. O., 30 miles,
with branches, 5 m. Stock, $2,000,000, all outstanding; par, $100. For
merly controlled by Wheeling & Lake Erie, but control relinquished In
Oct. 1908, guaranty of bonds being canceled. Operated In July 1911 by
receiver of Wh. & L. E. under an operating contract. Bonds, $2,000,000
authorized. Citizens’ Savings & Trust Co. of Cleveland, trustee. For
year end. June 30 1911, gross, $167,279; net, $104,363; other Income, def.
$28,469; lnt., taxes, &c., $109,737; bal., def., $33,869. In 1909-10, gross.
$154,558; net, $85,913. Pres., II. W. Seaman; Sec. & Treas., J. R. Nutt.—
V. 87, p. 1160.
LOUISIANA & ARKANSAS RY.— Owns from Hope, Ark., to Tioga,
La., 188.02 miles; extension rrom Packton to Jena, 29.64 miles; trackage,
Tioga to Alexandria, La., 8.18 miles; Tioga to Plnevllle, La., 5.02 m.; gives
second entrance to Alexandria; branch MIndcn to Shreveport, 27.15 m.trackage near Shreveport, I,a., 2.01 m.: total, 255 m. Extension from Jena
to Natchez, 47 miles, was under construction In Oct. 1911. Rock Island Co.
uses 36 miles, Packton, La., to Plnevllle, La., under trackage contract, anti
St. Louis Southwestern passenger trains the Shreveport terminals under a
25-year lease. V. 93, p. 527.
STOCK.— Stock authorized. $7,000,000; outstanding, $5,000,000: shares,
par $100, of which $4,995,000 Is deposited with the Standard Trust Co.’
or New York. Voting trustees, 10 years, William Buchanan, Edward E
Porter, Benj. F. Yoakum, Harvey E. Fisk and Charles L. Pack.
^D IV ID E N D .-IO O G to 1909, 3% yrly.; ’ 10, 24*%; ’ l l , Mch., 14 *%
BONDS. -The unissued first 5s (total limited to $7,000,000) are reserved
for betterments, equipment and extensions, of which $1,000,000 reserved
Tor bridges across Black and Red rivers, and the balance limited to $20 000
per mile of completed railroad. The entire amount outstanding, but no
part. Is subject to redemption at lit) and Interest on any Interest date
Beginning with Sept. 1907 a sinking fund of $55,000 per annum to buy
bonds. If possible, at 110 and Interest or under; otherwise, to be Invested
11 Mos. end. Gross
Net (after
Other
DeducBalance
,„™ fll/31— Earnings.
Taxes).
Income.
lions.
Surplus'.
}91 0-1 1---$1.334,.320
$463,699
$98,207
$299,562
$262,344
1909-10---- 1,209,022
446,199
94,434
267,943
272!(390
REPORT.— For year ending June 30 1911 In V. 93, p. 726.
Z ffX T. „,GrossNet.
Oth.tnc. Chgs.,&c. Dividends.
Balance.
1910-11--SK432,6.38 $486,744 $105,938 $325,357 (2 4*)$118,750 $148,570
1909-10 . 1,322,761 487.503 104,854 295,007 (2 4i) 112,500 184 850
Pres., Wm. Buchanan, Texarkana, Ark.— (V. 93, p. 469, 527, 726.)
RAILWAY STOCKS AND BONDS
Oct., 1911.]
78
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
STO CK S A N D
Miles Date
Bonds Road
Louisiana Ry & Nav— First M gold (see text)..F ,cA r
339 1903
Second mtge gold $10,000,000 authorized, gold.. .F
339 1907
Louisiana Southern— 1st M g red at 105 since '02 Ce.c
45 1897
Louisiana Western— First mortgage gold_______ Ce.c*
106 1881
Louisville Bridge Co— Stock_______________________
Louisv Hend & St Louis— 1st M 52,500,000 goUL
(i
182 1896
Louisville & Jeff Bridge— $5,000,000 g gu p A 1end.c*
1895
Louisville & Nashville— Stock $00,000,000 ..... _ ......
E H A N 1st M Hend to Nash g drawn at 110_Ce.c*
155 1879
Louisville A Nashv gen M gold drawn at 110.Ce.c*
803 1880
L C A Lex gen mtge gold (V 63, p 1010). ___ (i.c*
170 1881
Pensacola Illv 1st M gold (drawn at 105)__ F.c*
45 1880
New Orl A Mob Dlv 1st M N O to Mobile g .F.c*
141 1880
Second mortgage gold_____________________ c*
141 1880
Southeastern A St Louis DIv first mtge gold___ c*
208 1881
Second M gold East St Louis to Evansv A br..c*
208 1881
First M (50-ycar 5s) $15,000 per mile gold__ Us.c*
192 1887
First mtge collateral trust ($7,000,000) gold__ F.c*
1888
Unified mortgage for 575,000,000 gold. .Ce.c* Ar Text
1890
St Louis property first mtge gold $650,000__ SSt.e
1891
Mobile A Montgomery joint M $5,000,000 gold.Ce.c
179 1895
Pen A At first mortgage gold drawn assumed___ c*
160 1881
Henderson Bridge Co 1st M gold drawn 105..Ce.c*
10 1881
Nashv Flor A Shell 1st M g assumed in 1900.-Ce.c
105 1887
Paducah A Mem Dlv 1st M 55,000,000 gold. _Ma.c*
254 1896
Sou A Nor Ala cons M (for $10,000,000) g gu.Ce.c*
192 1886
Newp A CIn Br 1st M g s f assum gu by Penn Co F
1895
L A N-So j ’ t M $7,750,000 red 105 since ’07_S.c*Ar
1902
Kentucky Central 1st M ($7,000,000) gold__ Mp.c*
247 1887
Atlanta Knoxville A Northern first mtge gold Cc
228 1896
Atl Kno>fv A Nor consol M gold $10,000 pm .Us
228 1902
L A N— Atl Knox A C Dlv M $50,000,000. Us.c* Ar*
751 1905
L A N Term M 53,000,000 gold guar jointly. .Ma.c*
1902
Louisville New Albany & Chicago— See Chicago India napoli s A Lo
Lvkcns Valley— Stock— Rental pays 4%,___________
19
Macon & Birmingham— First M 5500,000 gold OB.c
97 1896
Macon Dublin & Sav— 1st M $1,840,000 g gu p A IN.c*
93 1907
Maine Central— Stock and scrip ($12,000,000). ___
■First consolidated mort-l (5209,500 are 5s). __ cAr 1 304 J1872
gage 59,000.000_____] ($3,265,500 are 4s) _ .cAr )
11872
b. c, e. f. see foot-note on next page.
Par
Value
Rate
%
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends arc Payable
$1,000 $8,131,000
4 A g J A J July 1 1953
4H g J A J July 1 1957
1,000 2,414,000
500
250,000
5 g M A S Mch 1 1950
1,000 2.240,000
6 g J A J July 1 1921
100 1,500,000 See text Seml-an July 1 1911 4%
5 g J A J July 1 1946
500 2,500,000
M A S Mch 1 1945
1,000 4,500,000
4g
100 60,000,000 7 In 1911 F A A Aug 10 ’ l l 3 A
1,190,000
1,000
6 g J & 1) Dec 1 1919
J A D June 1 1930
1,000 d5,216,000
6
1,000 3,258,000
4M g M A N Nov 1 1931
M A S Mch 1 1920
e274,000
6g
1,000
1,000 b4,493,000 ’ 6 g ,1 A .1 Jan 1 1930
1,000
1,000,000
6 g ,r A J Jan 1 1930
M A s Mch 1 1921
1,000 3,500,000
6g
1,000 s3,000,000
3 g M A s Mch 1 1980
M A N May 1 1937
1,000 f 1,749,000
5g
M A N Nov 1 1931
1,000 g4,705,000
5g
1,000 Ac c57,873,000
4 g J A J July l 1940
1,000
017,000
5 g M A S Mch 1 1916
1,000 4,000,000
4 A g M A s Sept 1 1945
F A A Aug 1 1921
1,000
1,900,000
6g
M A S Sept 1 1931
1,000
1,120,000
0g
F A A Aug 1 1937
1,000
1,996,000
5g
F A A Feb 1 1946
1,000 rl, 619,000
4g
1,000 7,292,000
5 g F A A Aug 11936
4M g J A J July 1 1945
1.400,000
1,000
July 1 1952
1,000 Ac n5,882,500
P
4g
4 g J A J July l 1987
1,000 jO,705,000
5 g .1 A D Dec 1 1946
999,000
l ,000
500,000
1,000
4 g M A S Mch 1 2002
1,000 Ac z20,245.000
4 g M A N May 1 1955
4 g J A D Dec 1 1952
1,000 2,500,000
ulsvllle.
4
20
600,000
C— J Oct 1 1911 1%
1,000
500,000
5 g J A J July 1 1946
1,000
1,340,000
5 g J A J Jan 1 1947
100 See text See text c — J Oct 2 1911 1 Vi
100 Ac
1,193,500 5 A 7 A A O Apr 1 1912
100 Ac 4,790,500 4 A 4 H A A O Apr 1 1912
L O U I S I A N A & NO R TH W E S T R R . — Owns Magnolia, Ark., to Natchi
toches, La., 114.9 miles; trackage, Magnolia to McNeil, 0.4 miles.
Stock out, $2,300,000; par, S100. Of 1st 5s of 1905 (810,000,000 auth.
Issue), 5150,000 Is reserved to retire the old bonds and 570,000 for Im
provements, equipment, Ac. V. 82, p. 028; V. 85, p. 1402. Stockholders
were to vote Oct. 25 1911 on authorizing the Issuance of 51,800,000 3-yr.
5% collateral notes secured by 53,100,000 1st M. bonds and on approving
an extension of the road. V. 93, p. 7,31. For year ending June 30 1911,
gross. 5292,822; net, 557,830. In 1909-10. gross, 5314,432; net, 505,945,
int., taxes, Ac., 5150,850; bal., dcf., 584,415. Pres, and Treas., Geo. VV.
Hunter, St. Louis; Sec., John A. Richardson, Homer, La.— (V. 85, p. 1402;
V. 93. p. 731.)
L O U I S I A N A R Y . & N A V I G A T I O N CO. — Owns New Orleans to Shreve
port, La., 305.0 m.; Colfax to Winfield, 28 m.; Plnevllle to Eras, 8 'A m.;
Meneelys to end of track, 2.84 m. Stock auth., 512,000,000; outstanding
June 30 1911. 58.131,000; par, 5100. First M. bonds (see table above) are
limited to 517,500,000 total Issue and 523,000 per mile; 5300,000 has also
been Issued for a bridge over the Red River at Alexandria; 54,000,000 Is re
served for New Orleans terminals. Sec V. 77, p. 36, 769. Car trusts out
standing, June 30 1911, 5318,020; loans A bills payable, 5229,980.
EARNINGS.-—-2 mos.,/1911............. .Gross, 5292,807; net, 588,913
262,204; net,
54,691
July 1 to Aug. 31. 11910............. .Gross,
For year ending June 30 1911, gross, 51,699,604; net, 5429,194: taxes,
551,947; other Income, 571.0P0: charges, 5610,101: bal., dcf., $161,851.
Pres., Wm. Edcnborn, Hibernia Bldg., New Orleans; Asst, to Pres, and
Treas., C. Ellerbe, Shreveport.— (V. 84, p. 390, 450.)
L O U I S I A N A S O U T H E R N R Y . — Owns New Orleans, La., to Belalr and
Shell Beach, 45 miles. Lease to St. Louis A San Francisco had been
arranged In July 1911, an extension to be built from Belalr to Bohemia,
20 miles. V. 93, p. 45. Incorporated In Louisiana Feb. 1 1897 as successor
to railroad of same name foreclosed Oct. 26 1896. In Jan. 1901 the United
Ry. A Trading Co. of England acquired over 95% of the stock and bonds,
that company also owning the Kenilworth Sugar Estates, 10,000 acres.
V. 76, p. 706. Stock, 5300,000; par, 5100. Dividends In 1900-01, 7%;
1901-02, 7H%-. 1905-06, 4 ^ % . Year ending June 30 1910,gross, 591,398;
net, 510,776: Interest and taxes, 525,650; balance, deficit, 514,874. Pres.,
E. A. Hopkins, New York; Sec., S. Gibbs, London, Eng. Office, New
Orleans, La.— (V. 93, p. 45.)
L O U I S I A N A W E S T E R N RR...(See Map o f Southern Pacific) . — Owns
from Lafayette, I,a., to Sabine River, 105 miles; Abbeville to Eunice, 59 m.;
Mallard Jet. to Lake Arthur, 34 m.; total, 198 miles. Extension from
Eunice to Mamou, La., 11 m., under construction In Nov. 1910. Operated
Independently. Southern Pacific owns all the $3,360,000 stock. Dividend
on stock In 1905-06 and 1906-07, 10%; In 1907-08,85%; In 1908-09, 20%;
1909-10, 15%. In year 1909-10, gross, 52,032.208; net Income, 5725,857
surplus over charges, $543,658.— (V. 74. p. 268.)
L O U I S V I L L E B R I D G E CO.— Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 3 miles track In Louisville. Used by
P. C. C. A St. Louis Ry., Loulsv. A Nashv., Ac. Surplus earnings revert
to roads using bridge.
STOCK Is 51,500.000: Penn. Co. owned Jan. 1 1911, 5900.300. DIvs.
since 1902: 1903, 13% (V. 79, p. 2747; V. 78, p. 102); 1904, 4%; 1905, 6%;
1906,7%: 1907.8%: 1908,16%; 1009,8%; 1910 and 1911, 8%. For
year end. Dec. 31 1910, gross, 5315,768; net, 5145.819; oth. Inc., 544,448;
charges, 551,180; dlvs.(S%), 5120,000; bal.,sur., 519,087.— (V. 86, p. 285.)
L O U I S V I L L E H E N D E R S O N & ST. L O U IS R Y . — R O A D — Louisville
to Henderson, Ky., 144 miles (Including 6 miles trackage); Irvington to
Fordsvllle, Ky., 44 miles; L. A N. trackage, Henderson, Ky., to Evans
ville. Ind., 12 miles; total, 200 miles. Loulsv. & Nashv. In 1904-05 ac
quired 5776,081 of the $2,000,000 5% non-cum. pref. and $1,631,385 of the
$2,000,000 common stock (par $100). V. 81, p. 1100.
EARNINGS.— For 11 months ending May 31:
11 Mos.—
Gross.
Net.
Other Inc.
Charges.
Bal.,Sur.
$215,336
54,525
5193,414
$26,447
1910-11_____ 51,119,037
1909-10------- 1,080,450
277.636
5,536
183,222
99.950
Report for year ending June 30 1911 In V. 93, p. 405, 792, showed: Gross,
51,214,695; net income, 5233,781; charges, $217,016; bal., surp., 516,765.
In 1909-10, gross. 51.176.809. Pres., Luclen J. Irwin.— (V 93, p. 792.)
L O U I S V I L L E & J E F F E R S O N V I L L E B R I D G E CO .— One-half mile long;
approaches 1 mile; 40 acres In Louisville and about 60 acres In Jeflersonvllle.
Stock, 51,425,000; mtge. Is for 55,000,000; bonds for $500,000 are reserved
for future construction, Ac.; the bonds are guaranteed jointly and severally
by the Chesapeake A Ohio and Cleveland Cincinnati Chicago A St. Louis, in
whose Interest the stock Is owned; any deficit on account of the bridge Is
payable by them In the proportion of one-third and two-thirds respectively
— sec V. 60, p. 130; V. 61, p. 327, 559; V. 62, p. 84.— (V. 89, p. 529.)
S f I L O U I S V I L L E & N A S H V I L L E R R . — (See Map.) — ROAD.— Operates
main line from Cincinnati, O., to New Orleans, La., 921 miles; with branches
to St. Louis, Mo., Memphis, Tenn., Ac., 3,700 miles, making total system
proper, June 30 1911, 4,621 miles.
Lines owned absolutely or through
Reported separately—
Miles.
capital stock—
Miles. ♦Nashville Chatt. A St. Louis.. 925
Louisville to Nashville___
181 ♦Georgia Railroad system. . . . 571
Sundry other lines___________ 3,871 •Loulsv. Hend. A St. Louis. . 182
Lines leased, &c.—
♦Chic. Ind. & Louisville
616
1
♦South. A North. Alabama RR. 193 Other lines___________________
Other lines........... ............
123 Owned but leased to other cos
21
Operated for other companies.. 222 Do. Paducah & Mem. DIv__ 248
♦See this company.
Total system proper________4,621
Total of all July 1 1910
.7,186
In June 1909 acquired all the sccur ties of the Louisville A Atlantic, Ver
sailles, Ky., to Beattyvllle Jet., 101 m., and branch, 3 m. V. 89, p. 42.
Athens & Tellico Ry., Athens to Tellico Plains, 24 m., was merged In
Knoxville division on July l 1911. V. 92, p. 1565.
In 1910-11 acquired practically all the securities of the Lexington A East
ern Ry., Lexington to Jackson, Ky., 92 miles, and Is extending the road
from Jackson, Ky., to the head waters of Boone’s Fork, about 96 miles.
V. 91. p. 1447: V. 92, p. 1701.
Amount
Outstanding
[VOL. LXXXXIII
BONDS,
Farmers’ Trust Co, N Y
It Wlnthrop A Co, N Y
S I> Co, 120 IP way, N Y
Pittsburgh, Pa
Blcof Amcr. N Y ;A Louis
J P Morgan A Co, N Y
71 Broadway, New York
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
St Louis Tr Co, St Louis
71 Broadway, New York
do
do
do
do
do
do
do
do
do
do
do
do
J P Morgan A Co, N Y
71 Broadway, New York
do
do
do
do
do
do
Office, 13 William St,NY
No coupons ever paid
New York Trust Co, N Y
Office, Portland, Me
N Y, Boston A Portland
do
do
In June 1911 the Court held Illegal the purchase of the Frankfort A Cin
cinnati RR., Frankfort to Paris, Ky., 40 miles. V. 93, p. 45.
Control by Atlantic Coast Line.— Late In 1902 the Atlantic Coast Line RR.
acquired $30,600,000 of the 560,000,000 stock, but the roads arc operated
Independently. V. 74, p. 830, 1038; V. 75, p. 733, 1399.
DIVS.—
1 '93. ’94-’98. ’99. ’00. ’01-’04. ’05-’()7. 1908. ’09. '10. ’ ll.
Since 1892---- J 4
None. 3H 4
5 yrly. 6 yrly. Below. 5 )j 7
7
In Feb. 1908 paid 3% In cash and 1% In Louisville Property Co. stock;
In Aug., 2H% cash. V. 86, p. 229, 421.
BONDS.— Evansville Henderson & Nashville 6s are drawn at 110 annually
In amounts Increasing each 5 years until $150,000 per year Is reached; In
1911, 5110,000.
Pensacola Dtv. bonds are now called $20,000 yearly. V. SI, p. 265, 726.
The general mortgage bonds of 1880 arc called at 110 In Increasing amounts
each year: $501,000 were paid June l 1911. V. 92, p. 795.
In June 1890 the “ unified” mortgage (trustee, Central Trust Co.) for
575,000,000 was authorized, 541,917,660 bonds being reserved to retire
all prior liens (none of the prior liens can be extended), the balance for
Improvements, extensions (at the rate of $32,000 per mile, Including equip
ment), and for other purposes. The mortgage covers (besides 1,994 miles
of road and equipment), 526,473,606 stock of companies controlled and
$3,150,000 bonds free from any lien. See abstract of mortgage In V. 51,
p. 613; also V. 72. p. 1034, 1188; V. 77. p. 968. In July 1911 company
reported 563,444,000 outstanding, of which $5,554,000 In treasury and
517.000 In sinking funds. V. 81, p. 1848; V. 86, p. 1344; V. 88, p. 295.
Mobile & Montgomery—Louisville & Nashville joint mortgage Is for
$5,000,000; $1,000,000 reserved for Improvements. V’ . 61, p. 196, 750.
Kentucky Central mtge. abstract, V. 45, p. 372. South A North Alabama
Improvement 5s, due Aug. 1 1936, $1,920,000 authorized, are owned.
Louisville A Nashville Terminal 4s.— Jointly guaranteed, prln. and Int.,
by L. A N. and Nashv. Chatt. A St. L. See form, V. 88, p. 1313.
In 1902 the Louisville A Nashville and the Southern Ry. acquired $9,
796,900 of the $10,500,000 Chic. Indianapolis A Loulsv. common and
53.873,400 of the 55,000,000 pref. stock In exchange for their joint 50-year
4% bonds. V. 74, p. 1138; V. 76, p. 593. Of the 515,500,000 joint bonds
secured by deposit of this stock, $1,563,000 are reserved to acquire the
remaining "Monon,” stock and $2,110,000 for “ Monon” Improvements, Ac.,
5500.000 yearly.
The Atlanta Knoxville & Cincinnati division 4s (550,000,000 authorized)
cover 751 miles. Of the bonds, an equal amount will be reserved to retire
at maturity underlying bonds, viz.: Kentucky Central 4s, 56,742,000:
Atlanta Knoxv. A North, bonds, $1,500,000. The line from Livingston to
Jelllco, 61 miles. Is subject to prior lien of unified mtge. V. 80, p. 872; V.
84, p. 1428. In April 1911 520,245,000 had been sold, Including 510,000,000.bought In April 1911 by J. P. Morgan & Co. V. 92, p. 1178. 1311, 1565.
FINANCES.— In Feb. 1910 dlvs. on Nashv. Chatt. A St. Louis stock,
57,177,600 owned (reduced to 5% In Aug. 1908) were restored to 6%.
In Aug. 1908 the L. A N. dividend rate was reduced from 6% to 5%,
but restored to 6% in Aug. 1909 and Increased to 7% In Feb. 1910.
In Jan. 1909 $29,864,000 bonds securing the $23,000,000 5-20-year coll,
trust bonds were sold, the latter being paid oIT April 1 1909 and the $6,500,
000 3-year notes on or before March l 1910. V. 88, p. 295, 452, 1253. In
Apr. 1911 $10,000,000 Atlanta Knoxville A Cincinnati division 4s were sold.
Bonded debt per mile May 1911, $31,553; stock, 512,373. V. 92, p. 1565.
EARNINGS.— 2 mos.,J 1911---- Gross, $8,879,831; net, $2,670,775
July 1 to Aug. 31. \1910___ Gross, 8,708,867: net,
2,408,011
REPORT.— Report for 1910-11 In V. 93, p. 936, 943; sec also p. 913.
Year ending June 30—
1911.
1910.
1909.
Average mileage............................ 4,598
4,554
4,393
Freight earnings____________
...539,066,034 538,421,779 $32,465,969
Passenger earnings_________________ 11,641,309 10,790,998 10,002,535
Mall, express, Ac__________________
3,286,398
3,214,605 2,897,387
Gross earnings..
Operating expenses
$53,993,741 552,433,382 545,425,891
38,479,823 34,985,579 29,627,499
Net earnings_________________ ...515,513,918 $17,447,803 $15,798,392
Net, Including investments, Ac____ 17,534,000 19,302,398 17,117,901
T axes_____________________
1,938,089
1,002,032
1,437,992
Interest and rent____________
6,505,138
0,496,311 0,410,329
Advances to S. A N. A., Ac________
302,236
523,959
411,403
233,204
266,240
204,302
Sinking fund payments____ _______
Dividends .....................................(7)4,200,000 (7)4,200,000(5^)3300000
Surplus over dividends.................. 54,355,333 $6,213,256 55,287,935
OFFICERS.— Chairman, Henry Walters, N. Y.; Pres., M. II. Smith,
Louisville; 1st V.-P., VV. L. Mapothcr; 2d V.-P., Wm. J. Dickinson, 71
Bway., N. Y.— (V. 92, p. 1565, 1701; V. 93, p. 45, 469, 792, 936, 943.)
L Y K E N S V A L L E Y R R . & C O A L C O — Owns from Mlllcrsburg, l'a., to
WUIIamstown, Pa., 20 miles. New lease to Northern Central for 99 years
from July 1 1910 provides for annual rental of $24,000 (equal to 4% on
stock), organization expenses and taxes. V. 92, p. 527.
MA C ON & B I R M I N G H A M RY.— Owns Sofkce Jet. to La Grange, Ga.,
96.87 miles; trackage, Sofkec to Macon, Ga., 8.13 miles. In 1908 a receiver
was appointed; now John B. Munson. V. 80, p. 337. In year 1910-11, gross,
$154,995; net, $18,360; Int., taxes and rentals, $60,821; bal., dcf., 542,461;
total profit and loss, dcf., $058,008.— (V. 80. p. 337; V. 91, p. 945.)
MAC ON D U B L I N & S A V A N N A H R R — Owns road from Macon to
Vldalla, Ga., 93 miles. Stock, $3,200,000 auth.; outstanding, $2,040,000
(par $100). Seaboard Air Line Ry. guarantees bonds, prln. and Interest.
V. 89, p. 43. Of the bonds, $600,000 arc reserved for Improvements and
betterments. V. 84. p. 102, 450. For year ending June 30 1911, gross,
5468,011; net, $137,745; other Income, 52,545; Int., rentals, Ac., $100,535.
Pres., James A. Blair Jr., New York; Sec. A Treas., A. S. Ilalc.— (V. 86.
p. 981; V. 92, p. 396.)
M A I N E C E N T R A L R R . — Line of road, Portland to Vanceboro, Me., via
Augusta, 251 m.; branches, Cumberland Jet. to Skowhegan, via Lewiston,
O c t ., 1 9 1 1 .j
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page. ]
STO CKS AN D
Miles Date
Road Bonds
BO NDS.
Par
Value
Amount
Rate
Outstanding
Maine Cent (Concl)— Cons ref M §25,000,000 g_ c* &r
1911
$l,000&c See text See
Collateral trust bonds for Mt Desert Branch AB c
1883
1,000
§669,000
5
Xmpt bonds “ A ” & “ B” not mtg s f __•___ ""
’
’86-’87
1,000
450.000
4
Maine Central Eur & No Am refunding mtge gold""
1893
1,000
1,000,000
Notes $2,000,000 (V 88, p 686)
s B
'
1909 1.000 &c 2,000.000
I s
Notes $5,000,000 (V 90, p. 849)
.......
1910 1.000 &c 5,000,000
One-year notes $1,500,000 (V 92, p 'I b 3 2 )" '
1911
1.500.000
4*
x First M Penobscot Shore Line lih Co assumed"
48 1890
1,000
1.300.000
4
x K & L 2d M (for §400,000) assumed
rr
48 1891
1,000
400.000
5
European & Nor Am stk 5% rental 999 years"
120
100 2,494.100
5
Portland & Ogdcnsburg stock (2% rental 999 yrsj
109
100
4,392,538
2
1st M guar prln & Int endorsement (V 86, p 1285)
109 1908
1,000 2.119.000
Dexter & Piscataquis stock 5% rental 999 years
17
100
122.000
hirst mtge Dexter to Dover &c guar by end BB
17 1889
1,000
175.000
4
Hereford Hy stock (rental 999 years)
.
53
100
800.000
4
First mortgage guar prln and lnt (endorsed)"
53 1890
1,000
800,000
4
Upner Coos RR stock 6% rental 999 years
"
55
100
350.000
6
Mrst mtge guar prln and lnt (endorsed) .
22 1890
500 &c
350.000
4
Extension M $21,000 p m guar prln & lnt (end) "
33 1890
500 &c
693.000
4H
Dexter & Newport stock 5 % ________ _
“”
14
100
122.000
5
First M (old Gs refunded In 1897) guar p&I end c*
14 1897
1,000
175.000
4
East Maine stk 4 'A% rental 999 years
19
100
200.000
4H
x Washington County 1st M per mile g gu red'cYe*
139
1904
1,000 2.500.000
x Somerset Ity first mortgage______
‘ c
42 1887
500 &c
225.000
x Consolidated mortgage $420,000 gold".........
42 1900
500 &c
172,500
x First and refunding mtge §1,500,000 g o ld " AB
94 1905
1,000
864.000
4g
Sandy Rlv & R L 1st M red par begin 1913
88 H 1908
730.000
4
Portland Union Station scries " A ” & “ B” (text) ~s f
’87-’S9
1,000
300.000
Portland Term Station new M §10,000,000 gu (text)
See text
Portland & Rumford Falls 1?R— See tliat company
M an c he s t er & La wrence — Stk 10% rent till ’37 B & M
100 1,000,000
10
R ’al estate bonds (not mtge) lnt guar by B & M c
1892
1,000
274,000
4
(E^vated) Ry, N Y— Stock $00,000,000'
100 60,000,000
7
N Y Elev debentures secured by cons mtge of 1890
1886
1,000
1,000,000
5
Manhattan Elev cons (now 1st) mtge gold Cc c* &r
1890 1.000 &c 39,777,000
4g
Manila RR— 1st M Sou Lines g Int gu s f red 1lOFc* &r*
1909 1.000 &c 2,996,000
4g
,lat M on..^Norr j’ lnc. fY (^ 1 011 Sou)§7,500,000 au.Ce
1907
See text
6
2d M on Nor Lines” (3d on Sou) §12,500,000 au._N
1907
See text
7
c Also $5,571,000 In treas. or In sink, funds See text, Add’l
amounts owned by Co. Julv
f $15,000. g §424.000. i $071,000
j $38?000
n §31, 000.
r $217,00 0. s §2,000. z §3,666,
ie
91 m.; Bath to Lewiston and Farmington, 76 m.' Belfast Foxornff nnr-ir*
port and Mt. Desert, including ferry (7 7 in ) 139 m - l w t i . ' i f r , a ks'
Kurg Ry.. Portland, Me., to L V n e X r g ,V t ’. 'l o f m .- ’ smal 'brench l f m •
Upper Coos and Hereford railways Quebec ref Kr r r 'V Y t
AT im”
Quebec KIS m.; Portland & $ M d ]F ^ s y s ^ m 1104°m ‘" ‘ nath^o
Rockland (Including steam ferry. 6-10 m.), 49 m • total Tunc 30 1011
practically
i t " op,eratcd under 999-ycar leases and
1
S c y owned, j.s m. under
under K
50-year
leases and 8 miles ferrv lines
,
he Somctsct Ry.. Washington County Ry. and Scbastlcook & AlooscMaIneRCen'trM
RR °Ti u®iCio n 0llev*
248 miles,
merged in
t C. central h r . July 1 1911.
V. ajcgrrcsatlngr
92, p. 725, 1565:
V 93were
n 45
D p " AuS- 19U purchased entire stock of Sandy River & Rangeley Lakes
? 7Rmiiaa“ ’ f t 'i%'l,UBe road extending Horn Farmington to Rangeley Me°
88 4 mlle8“ nalsSotrt0hcff & W ^ * !£e” 31 TmIle« ’ with branches, a total of
V . 93? p. 4OfL 589h940US* S R R “ Eustls Jct- t0 Green’s Farm, 15 miles.
from f e * 9i ° R aV eley Leltes & Megantic RR. was Incorporated to build
rr°n> G'luossoc. Me., to Canadian border. 30 miles.
n ? ? » , ‘SA,<vfd\0 der* on,
J®, 1911 authorized the guaranty. Jointly with
Boston & Maine, of prln. and Int. on a new Issue of Portland Terminal Co
bondsnot to exceed §10.000,000. V. 93, p. 940. 1106
icrmmal Co.
SIO CK .— Stock outstanding was $4,976,900 of which §9 MO non woo
chase' jcinamatv.
rein aVndcr n VV. oJz,f tp. Y1108.
in ? lnStockholders
s ?IaK h ,1,911 of
received
authorltyto
pm-record Autr 7 1911 wore
M ANILA R R .-
79
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
J & J July 1 1961
N
Y Boston and Portland
J & D June 1 1923
American Trust, Boston
J & J July 1916-17
N Y, Boston & Portland
J
,T Jan 1 1933
do
do
0 — J April 1 1914
do
d*
A & O April 1 1912
do
do
Apr 1 1912
F & A Aug 1 1920
N Y, Boston & Portland
F & A Feb 1 1921
do
A & O Oct 15 1911 2 Vi Treas do
office, Bangor, Me
0 -—F 28 Aug 31 ’ l l 'A% Maine Cent Ofi, Portland
M & N Nov 1 1928
N Y , Boston & Portland
.J & J
Office, Dover, Me
J & J
Bos Safe Dep & Tr Co
M & N Nov 1911 2%
Treas office, Portland
M & N
N Y, Boston & Portland
M & N
Office, Portland, Me
M & N
N Y, Boston & Portland
M & N
do
do
J & J
Treasurer’s
office, P ’tl’d
M & S
N
Y,
Boston
&
Portland
M & N
Office, Rockland. Me
J & ,T
1 1954
N Y , Boston & Portland
J & J
Nat Shaw Bank, Boston
J & J
do
do
J & J
Amer
Trust Co, Boston
F & A
Gardiner,Me, & IstNB, Bos
J & J
29 Fidelity Tr Co, Portland
M & N
J & j
Q—J
M & s
A & O
M & N
1 1922
r
1«
.\
A
^
.T
________A
1911, viz . b §7,000. d
000.
Manchester and Boston
Bost & Me RR, Boston
21 Park Row', New York
Bankers Trust Co, N Y
do
do
N Y, London, &c
$20,000. e $7,000.'
re, 3 ft. 6 in
1 ^ 215-C
83S?
4 S iargThcC
|XitCn<)Iln!T
system
(V. 88.
1313;
91.
p.
xio, ?v. <83,
p.t31348).
The Island
named, has
an area
of 40p.969
so V.
miicc
and a population, last Census, of 3,798,000.
’ 0J sq’ mlles’
Total lines authorized, 820 miles, viz.: (1) "Northern Lines ” to comnrkc
but'ahnnt J^Nes north ? ManIla:
the “ Southern Lines,” 470 miles1 all
nneotimr
o .. wit2h ° t w
u u liiv.of
u i Manllalu n iiiiu , and,a
<U1U cl Fort
i 'o r t Line In Manila con‘°
„Rd°.U^h
1Qi i n9^R
Government wharves and warehouses. In operation j’une
.systemftand th?r «cc?,ertn ,LlnCS and, 90, mIIcs of Southern Lines. The two
senarate comn«nic«CY°UtntS) f rc raciulred to be kept distinct, as If owned by
financing th” 1
Enterprise U" r t C SamC mana^mcnt. The Speyers .re
dh?ctors’Y-h?reSSarc YY'm0?, 7Yi
Rref' and 52,130,700 common, all but
f
held by the Manlla
(1906). Ltd. (sec beloiv.)
antecd asSto Intere^bv'th? Phmn° U,tl,ef-n LInes) lst ^o'11 4s of 1909, guargress are llmltc?f?n
o(?o^Y,nPpi nCv.9<lvernrnent under Act of U. S. ConIssuable uo ul the r n ^ n f f i 00' ,of wlJlch «2.996.000 were sold. They are
payab c ^ V ^ c t ‘ 2
, c<lu* ™ °u n t 0 / n ew liock
'par?
ltf
lee BONDS below.’ 2o% Jan’ 1 and 50% March 1 1<J^ - V. 93. p.
7% ■1YlctK 1907' tb18rufv1°lon y R
l Z° 3' Gr? yearly:, 0ct- 1903 to July 1907,
r e ^ c in g m c T o ^ y e a r l V
v ^ Y p 6^
' 7 3 1 .-’ ’
° ct’ 1911
also(S75D500 Bciffl«tar^ \rs° ?81>000 Maine Shore Line 6s assumed, due 1923,
i « * Belfast & Mooschead Lake mtffc. bonds, due 1920 not irn«rI
bonds ’ s n S
anl SInklnB fu«d paid out of rental And. & ken stock
bonds, §11,000, exchangeable for M. C. stock; Maine Central Interest serin
exceeding 5% interest.
may be
Of the bonds. §12,000,000, bearing 4% interest!
2: or it mav Rn^imvnY0YV)^iH ^n£ 8*aRd
" ptes maturing
tho cofnpaY'y an'cl I^ m S ^ ed Macs?S|»'ut n^MYasehold^ntYrestYYxM^the
R R 3!*'V d93Tf.ei5)OP“ ^ P o r t ^ T c S
. Purposes for which the $25,000,000 Bonds Were or Are Reserved
Reserved to refund $5,542,500 branch line obligations, lncl those
marked “ x” in table above, and $81,000 Maine Shore Line RR
6 s due June 1 1923 ($669,000 additional of the latter being
pledged to secure Maine Central coll, trust bonds due June *23) $5 543 onn
Reserved to retire 5-yr. coupon notes due Apr. 11914 ..
2 000 000
------- 1 7 4 * 7 0 0 0
Remainder, Issuable for any awful purpose
N G S .-2 mos., ( [ o i l . . - -P°Gross' J l M U o f - 'n 'c t ! ^ ^ ^ ^
July 1 to Aug. 31.
\1910------------Gross, 1,762,159; net, 494,496
AN N U A L REPORT.— Report for 1910-11 was In V. 93 p. 726
Year ending
1911.
1910.
Year ending
1911. ’ 1910.
June 30—
§
$
June 30—
§
§
Gross earnings..9,067,803 8,922,312 Dividends ( 8 %) 398,152 398,152
Net income----- 2,467,258 2,544,783 Hire of cquip’t,
19.924
76,024
In terest............ 937,127 754,210 Sinking fund
131440
13,440
R en ts------------ 906,571 902,153 Additions, &c_.
26,311
217,488
Leased line lmp’ts
(rentals) ---- 159,159
136,468
lRBa408,
4'oa0nc?
^OuTViZG
r„V. , 73l!
6*574
46,847
Pres., Chas. S. Mellon.— (V. 93, p. 346,
OG
9'40 fllOfi”?
M A N C H E S T E R & L A W R E N C E R R . — Owns from Manchester N If
to
Methuen (State Line), 22li miles. Leased for 50 years from Sent I IRsV to
Boston & Maine at rental paying 10% div. In Apr ’ l l B * i f V i88.7 t(?
authority t ) purchase stock. V. 92, p. 1108. In 1895 a illv ofVnoYC v<la
from proceeds of C. & M. suit.— (V? 7,3. p 1264.)
dlv’ of 50% pald
M A N H A T T A N R Y . ( E L E V A T E D ) .— Owns all the elevated raliro-,,1,
boroughs of Manhattan and the Bronx, N. Y Cltv mai n
■ !
11
37 A miles, double-tracked, with 42 miles addlUonal thiYi tr ^ i )ra.ni?hcs’
* c.; total track. 118 miles; 3d rail electric. auuulonal ttllrd track, sidings.
-- L r «CT,
r---- ------ ' year
all oui a n T f & f f i n 13 £2.000,000 in?5% non-cum. preference shSr«.
an out, and i.2,000,000 In ordinary shares, of which £399 310 Is nnti
and arc deposited with the Merchants’ Trust Co . Ltd.? as collateral for the
iichcnt
th.e ManIla RY- Co. (1906), Ltd.: (a) £2,000,000 4% “ A ”
debenture bonds, due Jan. 15 i956 (may be Increased bv £250 000)- and
CC\ !°
kr*or l*en °f sa*d “ A ” debentures for £1,880,000 4%’ “ B”
de_l*f?fU|re bonds, due April 15 1956, total auth. Issue £2,000 000 (which
may be Increased by £2o0,000). V. 87, p. 166: V. 88, p. 1197: V. 90, p. 303
M?M)R MannaR^ ^ D OFFICERS -H o race L. Higgins (Pres, and Gen.
M g r.;, Aianiia, J. G. Metcalfe (V.-P.), David D. Davis (2d V -P ) Alex
J ™ Milburn" N p w V m f t 8' \ Conant, Richard Schuster, Wade Ga'rd’ner!
ss»,w ri.B« r !ia
™ ™ L f v * 9lf.% 4 o2 D5 r in
7 u‘ 'vM m !^ , f ! ' SC0' N - i - » « ' “ • <5
MANISTEE & GRAND RAPIDS RR. — Manistee to Marlon, Mich 73 m •
shares0 Sinn
‘R; /StRfk a.ufh., §1,000,000: out., §450,000; par of
snarfs, $100. Bonds outstanding last accounts. $265,000. For year endJUS97 •l?,1919’ gross. §86,340; net, $ 1,887; int. ftaxral&c.. $29,428? b S .
M 5 n ls ®
Treas“ u ' C- S,mmous. Office,
nS
TraverseSCRiF 71
EAfSTn RN RR-— 9-Vns from Manlstcc. Mich., to
99 m 7nl m-: s ?>?n to Provcmont, 15 m.; Platte River to Empire.
2
m- Stock, $2,000,000; out., $525,766.
1938
51a50?’Pn2.) ’ *49,099 mature Jan. 1 yearly from 1912 to
to he
f,u,nd ?,f
°f surplus income, beginning July 1 1910. is
been o a ^ lm i Mlv ° « a “ « y Q‘?R
2nd Interest until $1,000,000 hav«
L-ross S4 Rfi M 3 - n\v?8, 1
823; V. 90, p. 1363. For cal. year 1910,
Pres ’ F Ur n llw ? income, $56,970; charges, $83,433; bal., def., §26,464.
i lcs., Ldw. Buckley, Manistee, Mich.— (V. 90, p. 1363.)
MkhYgMSTn
o(?tU
her^ to Evelyn,
m SUPERIOR R R Manlstlque, Mich., on Lake
1
tor n’ Hoi
tnerly
42 m., with branch to Dovlos l ^ m • v 7 -^
97ry SV 87UCpCS97-r V '’ so 1n 9J7n °
Manlstlque & Northern. V.’ 8i, p!
ciuircd the entire 125(1 nnh^t??0' J h® Ann A r >or H R - In Apr. 1911 acmn
1v
«,m i stock. V. 92. p. 1109. Bonds auth., $1,300,earneir'ou tVt and In‘Y M lYrPSm’ dYted Autf’ 1 ! 909' lnt- payable yearly If
V)5 8fii- Yet S3d?m^ $1’r-00’??°- I,or ycar Rn<l|n£f June 30 1911, gross,
net income
Vnt F?r 11 m.os- cndlng June 30 1910, gross, §85,888;
p 97! v 89Jp ' l l i ; 470; V . ^ ’.
ilO o!)
ba‘ '' SUr- * 12’ 135- - < V - 87•
Pen*? 8*9 mVle?" ftlmY SiPEAK
— ManJtou, Col., to summit of Pike’s
9 ea 8crnn Ann.S!.and^aril gauge. Operated from April to November yrly.
Stock $.)00,000. par of shares, $100. In Oct. 1909 $500,000 20-vear 5s
were Issued to replace old maturing bonds. For vear ending June 30 1911
gross, §106,138: net, $45,703; other Income, §4,853: int. and taxes §29 982
p 847? ’ ^^d,G7G- Pres.. C. W. Sells. Office, Manltou, Colo.— (V*. 89,’
/MANISTIQUE RY.— V. 91, p. 519, 946.
sit Co., V. 7*6, p. 101. Guaranty’, V."7"6, p'. 48oY
MANITOULIN & NORTH SHORE R Y.— See Algoma Eastern Ry
BONDS.— Consols beyond $40,000,000 may be Issiwvi
,
MARIETTA COLUMBUS & CLEVELAND RR.— Owns Moore’s let to
$300,000 per mile of single and $600,000 per mile of d1
nniuY?Cn3MCns ?wS*iat
bonds, $11,712,000 arc tax-exempt
(See ab str?n t?/ „Y t a? ' ,9f Vic Pa!os. O., 41.09 miles: braaches and spurs, I.l^ m .- trackage Marietta to
- . 248,
248. and compare V. 87, p. 285.) ---- 01aDstract of mtge. In
9
in V. 51,
viicso r ' S
To 1898 claims aggregating $8,847,854 had been ntM
„ *
abutting property. In 1907-09 paid franchise tax 190(ffo ’08 (1 4 8 7 (f
05
DIVIDENDS.
Since 1888_____
_
south oAum^half T A STon^>YSa.RiY’~ ? wR,?,from EI>,f!lan Fields, 18 miles
? J i
? £ ■
2^branches?” m lfel
fn c o S o r a fe d ^In T exM nnSb° r0, ° n M ’ K ’ & T ’ 91 m ' ;
REPO RT.— For ycar ending June 30 1910 (V 91 n 71 a .
Year ending June 3 0 1909-10
i& n ? '
Increase.
e
x
f
e
^
S
.
O
O
O
?
'
i
^
u t h i S S d ^ S S S S l i i ? s^u th ^N e^to’n0125° T
$721,749
N e ? a fte r taxes’ rCVCnUC................................................^ 4 .3 3 3 ,3 9 3
Gross IncomeCS........... .................... Z-273.307
6.400,359
872,948
874.054 tIons' ln^Tcxas? W 88? p ?4 8 ? 1 5 ^ °n lmprovements ln legislative condlInterest and rentalr e c e i v e d l ’,657’ 754
l ’n lt ’ffift
12,404
Controlled by Interests represented by St. Louis Union Trust Co Suc
Dividends (7 % )....................... 4,200,000
4.200.000
________
cessor to Iexas Southern Ry., foreclosed Aug. 4 1908. V. 87 p 416 481
fssuek see
s i? t!d)ie
TJleto 20-year
5s (§5,000,000
issue
tame abnve?^«r’000'hi
above) are subject
call at 10^
h^irinnincr tAuthorized
•>n i iqiq
— f v ! 87?Cp S130V.?V7 89'.'p .' 42i 1280; v ! 9 1 } p S<M; V.$9 3 ? ’p53286.) $8° 1 ’6'5°
When issued, about $1,250,000 will be put out to cover tempYrary obWga-
T T T ™4 f
SSr.
<S.Tcr.S.n8JUnO* '»*<>•
80
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &.C., see notes on first page]
Miles Date
Road Bonds
Manistique & Lake Sup— Inc M 4% n-c $1,300,000 au
57
Manist & N E— 1st M g due part y ’ly red text. -CC.c*
165
Manitou & Pike’ s Peak Ry— 1st M $500,000 g __ F.c*
9
Manitoulin & North Shore— See Algoma Eastern Ry_ _
Marietta Columbus & Clev—-First M $250,000 gold., k
44
Md Del & Va— 1st M $2,000,000 auth gold guar p & 1.
71
Marshall & East Texas— 1st M gold red text__ SSt.c*
Maryland & Pennsylvania— York & Peach Bottom M
40
First mortgage $1,200,000 gold call at 105-McBa.c*
80
Income mortgage $900,000 4% cum call at par.MBa
80
Maryland & Pa Ter 1st M $200,000 g gu p & 1red 110
__
Mason City & Ft Dodge— 1st M $12,000,000 g.Ce.c&r
378
Massawippi— Stock guar same div as Conn & Pass
37
McCloud River— First mortgage $1.200,000_________
_
Mead villc Conneaut Lake & Linesville— First mtge__
22
Memphis Dallas & Gulf— First mtge $6,260,000 gold
Mem Paris & Gulf— 1st M gold red 103 begin 1919..
Memphis Union Station— Coll notes gold guar, lin.c*
Meridian Terminal— First mtge $250,000 g gu.S c*&r
...
Mexican Central— See National Railways of Mexico
Mexican International— See National Railways of Mex CO
Mexican Mineral— 1st M $500,000 g red 110 s f _ . . _G
16
Mexican Northern—Stock, $3,000,000_____ . .
.
__
First M U S gold, red 105, s f .
______ . G c* &r
83
Mexican Railway Limited—-Ordinary shares________
—
First preference stock 8 % ________________________
—
Second preference stock 6 % ________ I ___ I ___ I ___
__
Perpetual 6% debenture stock___________________
375
2d debens £1,000,000 auth red par beg 1912 s f ___
—
Mexican Southern Ry— Ordinary stock, £1,000,000.
1st M 4% deb stock £1,000,000 red at par 90 yrs__
Mexico North Western— 1st M gold red text_________
__
Michigan Central— Stock_______ . . . .
. . .
—
First mortgage $18,000,000 gold__________ G.c*&r
270
M C Michigan Air Line first mortgage. _ . _Un.c&r
115
M C 1st M on Detroit & Bay City ($4,000,000). Un.c
171
do
do
bonds without coupons ...r
171
a Exclusive of $952,000 held by sinking fund,
STOCKS AN D
1909
1909
1908
Par
Value
Rate
%
When
Payable
$1,000 $1,100,000 Up to 4 J
1,000
1,500,000
5g J
1,000
500,000
5g A
1890
1,000
250,000
M
5g
1905
1,000 2,000,000
5g F
1911
1,000 See text
5£ J
1882
50 &c
202,450
5
M
1,000
1901
897,000
4g M
1901
1,000
900,000 4 in 1910 A
1906
1,000
200,000
M
5g
1905
1,000 12,000,000
4g J
__
100
F
800,000
6
1907
1,000
1,200,000
5
A
1891
1,000
J
5
200,000
1910
5g
’0S-’09
1,000
6g J
640,000
1911
1,000 2,100,000
5
M
1905 1,000 tec
4g
M
250,000
1899
___
1890
___
___
___
___
1909
1896
1909
___
1902
1890
1881
1881
b $1 ),000 addltio
[ V O L . L X X X X 1 II
Last Dividend Places Where Interest a n d
and Maiurity
Dividends are Payable
& J Aug 1 1934
Detroit
tc J Jan 1912-1939 N Y tc Grand Rapids
&> O Oct 1 1928
New Y'ork and Chicago
tc
tc
tc
&
tc
tc
tc
tc
tc
&
&
N Nov 11940
A Feb 1 1955
J Jan 1 1931i
S Apr 1 1932
S Mch 1 1951
O Apr 1 1951
N May 1 1936
D June 1 1955
A Aug 1 1911,3%
() Apr 1 1937
J July 1 1921
1940
tc J Jan 1 1928-29
tc N Nov 1 1913
tc N May 1 1955
b.331,000
6 g F tc A Aug 1 1919
3,000,000 4 in 1911 M tc N Nov 1 1911 2%
708,000
6 g J tc D See text
£2,254,720 l 9io in 'll A tc O Oct 28 ’ ll , l 3i«
£2,554,100 8 in 1911 A tc () Oct 2 8 ’ ll, 4%
£1,011,960 6 In 1911 A tc O Oct 28 ’ 11, 3%
£2,000,000
6
J tc J Perpetual
£500,000
4 'A A tc O Dec 1960
F & A Aug 1 1011. 1 K
£1,000,000
4
F & A Aug 1 1911,2%
746,720
£100 £4,432,600
5 g M tc S Mch 1 1959
$100 C$18738000 6 in 1911 J tc J July29 1911 3%
1,000 tec 14,000,000
3H g M tc N May 1 1952
1,000 &c 2,600,000
J tc J Jan l 1940
4
1,000 1 4,000,000 / 5
M tc S Mch 1 1931
1,000 tec 1
1 5
Q— M Mch 1 1931
nal In sin king fund.
100
1,000
£10
£10
£10
£10
£100
owns 14 steamers running between Bnltlmorc-Washington points on the
Potomac River, the Rappahannock River, Patuxent River and Norfolk
Stock, $3,000,000, of which one-half each of common and 4% non-eum
P^f.; par of shares, $50 each; 4% ctfs. of Indebtedness, due Dec. 5 1909!
S;)7,000. Penn. UR. and Us subsidiaries own all the common and about
$300,000 pref. stock., Balt. Ches. & Atlantic owning a majority of stock and
guaranteeing bonds. Voting trust dissolved Jan. 1911. V. 91. n. 1767
tn 1910. gross, $862,233; net, $78,784; other Income, $1,545; charges,
$108,131; bal., def., $27,802.— (V. 91, p. 1767; V. 92, p. 795.)
’
MA R Y LA N D & PE NNS YLVANIA R R. — Baltimore, Md , to York Pa.,
78.9 miles. V. 72, p. 339. In April 1910 obtained the right to build to
tidewater. V 90, p. 1171.
STOCK AND BONDS.— Stock authorized, $3,600,000, of which $1,997,
500 reserved for future requirements. In 1902 the authorized issue of the
first 4s was reduced from $2,700,000 to $1,200,000, of which $203,000 arc
reserved to retire the York and Peach Bottom 5s and $100,000 addi
tional for future purposes, &c. V. 74, p. 94, 427; V. 79, p. 2205. Mary
land tc Pennsylvania Terminal guaranteed bonds, V. 82, p. 1041, 1102.
Equipment notes Dec. 31 1910, $55,500. Paid on incomes, 1901, 3%; since
to Apr. 1911, Inclusive, 4% yearly.
EARNINGS.— 12 mos., 41010-11________Gross, $438,146; net, $151,577
„Ju ly 1 to June 30.
11909-10________ Gross, 409,229; net, 123,110
„ , DEPORT.— For year ending Dec. 31 1910,gross, $425,827; other Income,
$1,847; net, $134,130; Int. on bonds, &c., $94,374: bal., sur., $39,757.
Pres., John Wilson Brown.— (V. 86, p. 421; V. 88, p. 506, 1171.)
MASON CITY & FORT DODGE RR. — (See Map Chicago Great Western.)
— Owns road from Oelwcln, la., to Council Binds, 259 miles; ltayfleld, Minn,
to Clarion, Iowa, 100 miles; branches to Lehigh and Coalville, Iowa, 19
miles: trackage. Council Blufis to South Omaha, 8 miles, total, 386 miles.
The Chicago Great Western owns entire outstanding com. stock ($13,205,
400 of the auth. $20,000,000) and the non-eum. 4% pref. stock ($13,635,
752 of the $14,000,000 auth.), and operates the road as part of Its main line
to Omaha under a 100-year agreement dated Apr. 30 1901, and later modi
fied, the M. C. tc Ft. D. receiving 60% of all earns, from business inter
changed.
Any surplus of net earnings after payment of Interest on bonds and pref.
stock Is to be held In trust by C. G. VV. for payment of future coupons.
This surplus on June 30 1909 amounted to $1,069,714. In 1905 $12,000,000
4 % bonds were sold. Compare Chic. Great Western Ry. and V. 73, p. 566,
616, 722; V. 77, p. 640; V. 78, p. 1782; V. 80, p. 2621.
In 1908-09, gross, $1,919,966; net, $571,472; other Income, $20,106;
charges, $697,505; bal., def., $105,927. Later earnings included in those of
C. G. W. system.— (V. 88, p. 1437.)
MA S SA W IP PI V AL L E Y R Y . — Province Line to Lenoxvllle, Que., 34
miles, with branch, 3 m ; trackage to Sherbrooke, Que., 3 m.; total, 40 m.
Leased for 999 years from July 1 1870 to the Connecticut tc Passumpslc
Rivers RR. Stock, $800,0OO; par of shares, 3100: dividends payable Feb.
and Aug. I. Dividends, formerly 5%, 6% since Jan. 1 '97. Of the stock,
f 400,000 owned by the Conn. tc Pass. River Is deposited under Its mtge. and
$50,000 represented by Connecticut Trust & Safe Deposit Co. of Hartford
5% trust certificates was purchased Feb. t 1910 under Its option at par.
in April 1911 Bos. & Maine rec'd authority to purch. stk. V. 92, p. 1108.
R R .— Owns from Sisson, Cal., to McGavic, 50.6 miles.
Stock, $1,200,000. Bonds ($1,200,000 auth.). Mercantile Trust Co., San
Francisco, mtge. trustee. V. 85, p. 1005. For year ending June 30 1911,
gross $456,222; net, $172,391. fn 1909-10, gross, $494,283; net, $185,
915; int., taxes, tec., $70,457; bal., sur., $115,458. Pres, and Gen. Man.,
J. II. Qucal, San Francisco, Cal.— (V. 85, p. 1005.)
ME A DV IL L EC ON N EA U T LA KE & LINESVILLE. — Meadville to Llnesvillc, Pa., 20.5 miles, and branches, 1.2 miles: total, 21.7 miles. Leased
to June 8 1990 to Pittsburgh Bessemer tc Lake Erie RR.; rental. 25% of
gross earnings. Stock, $200,000; par, $50.
MEMPHIS DAL LA S & GULF R R . — Owns from Murfreesboro, Ark.*
southwest to Ashdown, 41 miles; extensions proposed north to Memphis,
Tenn., 255 miles, and south to Dallas, Tex., 180 miles, of which 41 com
pleted and 130 under construction. In June 1910 acquired the Ultima
Ihule Arkadelphla tc Mississippi RR.. Daleville, Ark., to Sparkman, and
the Antoine Valley, Graysonla to McLeod, Ark., total 28 miles. In Aug.
1911 the Caddo tc Western, Rosboro to Cooper, Ark., 14 miles, and the
Hot Springs Glenwood tc Western, Glenwood to Wlggs, 21 miles, were pur
chased, the roads to be connected so as to form part of a through line from
Hot Springs to Ashdown.
Stock authorized, $7,875,000, as increased July 1910; par $100; outstand
ing Sept. 1910, $640,000. Stockholders in May 1910 authorized a mtge.
to secure $6,260,000 30-ycar 5% bonds to extend road. V. 90, p. 1239. Of
the 6s, the $420,000 sold are guar., p. & L, by Nashville (Ark.) Lumber Co.
r o r -----— ” — *----- fir
*
............
A1EM PH IS UNION STATION CO. — To own union passenger station
s
at
Memphis, Tenn., to be used by Loulsv. & Nashv., Nashv. Chatt.
Southern Ry., St. L. Iron Alt. & So. and St. Louis Southw., to be com
pleted Nov. 1911. Int. charges and expenses are to be apportioned among
the lines on the user basis. Stock, $100,000. In Nov. 1909 made a mtge.
IJan fers Irust Co. of N. Y., as trustee, to secure an Issue of $3,000,
000 o()-yr. 4% gold bonds due Nov. 1 1959, guar. Jointly by 5 roads named,
of which $2,500,000 Is pledged to secure an Issue of $2,100,000 guar. 2-yr.
5% notes which have been told (see table above), V. 93, p. 1106; V. 89.
Amount
Outstanding
BONDS.
Treasurer’s Office, Pliila
First Nat Bk, York, Pa
Brown Bros, N Y tc Balt
do
do
Alex Brown & Sons. Balt
J P Morgan & Co, N Y
Safe Dep tc Tr Co, Host
Merch Nat Bk, Meadv.Pa
Merc Tr Co, Little Ilk, Ar
Union Trust Co, N Y
Standard Trust Co, N Y
Guaranty Trust Co, N Y
Office, 82 Beaver St, N Y
Glyn, Mills, Currie&Co,Lo
do
do
do
do
do
do
do
do
Gu Tr Co, NY Tor & Lon
Grand Cent Station, N Y
Reg at G C S; ep at G Tr
Reg at G C S; cp at U Tr
Union Trust Co, N Y
Grand Cent Station, N Y
p. 1411: V. 90, p. 236; V. 91, p. 94; V. 89, p. 1542.— (V. 90, p. 236; V. 91,
p. 94; V. 93, p. 1106.)
MERIDIAN TERMINAL CO.— Owns passenger stations at Meridian,
Miss., opened Sept. I 1906, and used by Southern Ry., Mobile tc Ohio, New
Orleans tc Northeastern RR., Ala. & Vicksburg and Ala. Great Southern,
which own one-fifth each of the capital stock ($100,000 auth., of which
$89,000 Issued July 1911), and guarantee the bonds Jointly and severally
by endorsement; form, V. 85, p. 601. Pres., D. D. Curran; Sec., W. J.
Kellchcr.— (V. 85, p. 601, 1402.)
MEXICAN INTERNAT. RR.— Merged July 1 1910 Into Nat. Rys.of Mex.
MEXICAN NORTHERN RY.— Owns from Escalon, Mexico, on the Mexi
can Central Ry., to Sierra Mojada, 83 miles, all steel.
STOCK.— Capital stock Is $3,000,000; par of shares, $100; see application
In full for listing on N. Y. Stock Exchange, V. 64, p. 619.
In June 1909 It was arranged to extend the $70S,000 outstanding 6%
I onds to Dec. 1 1930. V. 88, p. 1437, 1500. In Dec. 1910 over threequarters of the bonds had consented to the extension. V. 89, p. 104; V.
91, p. 1026.
DIVS.—
f '93. ’94. ’95-’99. ’00.
'01. '02. '03.’04-'08.’09. ’ 10. 1911.
P ercent------ \
6 'A 6 4 y’ly.
5 4 A 2 'A l A
None. 13
4 May, 2
On Nov. 301909 2% for half-year ending June30 1909; Dec. 22 1909,
11%, being 2%for period from Jan. 1 1903 to Jan. 1 1909. V. 89, p. 1280.
REPORT.— For year ending Dec. 31 U. S. currency.
Year—
Gross.
Net.
Oth. Income Charges.
Surplus.
1910----------- $284,921
$168,541
$52,568
$82,076
$139,032
1909. ------- 311.686
190,047
56,894
115,184
130,024
— (V. 88. p. 1313, 1437, 1500; V. 89, p. 104, 1280; V. 91, p. 1026.)
MEXICAN UNION— V. 91, p. 39, 215.
MEXICANO DEL CENTRO RR.— V. 91, p. 215, 1630.
AlEXICAN SOUTHERN R Y — See page 176.
MEXICO NORTH WESTERN R Y — Owns Chihuahua to Mlnaca, 122
miles; and La Junta to Tcmosachic, 55 miles; El Paso to Terrazas, 160 miles;
El Paso Southern Ry. (terminals In El Paso), and Tcmosachic to Madera,
32 miles; total, 365 miles; extensions from Terrazas to Madera amounting
to 116 miles (for which concessions have been granted), are under construc
tion and expected to be in operation by Jan. 1912. Branch from San An
tonio to Cusuhuilachlc, 21 kilos; also branch proposed from Cumbre to
Sahuarlpa, on South Pac, of which Cumbre to Chulchupa, 72.7 kil s to be
built at present.
One terminal Is at El Paso, Tex., and another at Chi
huahua, at both of which large smelting works exist. Owns over 3,000,000
acres of timber lands, with two mills at Madera with a capacity of 125,000,000
ft. per year, and two In process of erection at Pearson, capacity 175,000,000
ft. yearly. See V. 88, p. 749; V. 89, p. 348. 470.
Stock, $40,000,000 (par, $100), of which $25,000,000 Issued Jan. 1911.
BONDS.— Present limit £5,000,000, of which £4.432,600, listed July
1911, may be Increased for extensions, terminals, double-tracking and other
special purposes; National Trust Co. of Toronto, trustee. Bonds arc redeem
able at par March 1 1959 by annual payments, commencing In 10 years, to
be applied In annual drawings at par or by purchase at or below par, or as a
whole at 105. V. 88, p. 749; V. 93, p. 28.. Coupons payable at Bank of
Scotland, London; Guaranty Trust Co., New York, and Bank of Commerce,
Toronto.
"**
EARNINGS.— (Mex. cur.>11911_____ Gross, $1,318,399; net, $602,835
Jan. 1 to Sept. 30.
j 1910_____ Gross, 1,624,647; net, 908,483
REPORT.— Report for calendar year 1911 In V. 93, p. 727, showed:
Gross Income (American currency), $1,091,083; net Income, $597,224; other
Income, $334,891; bond Interest, $861,340; bal., sur., $70,775.
OFFICERS.— Pres., F. S. Pearson, 25 Broad St., N. Y.; V.-Ps., E. D.
Kenna, Walter Gow and II. I. Miller, N. Y.; Miller Lash, Toronto, Can.;
E. C. Creel, Mexico City, Mex.; Treas., G. G. Dcnflekl, N. Y.; Sec., Clar
ence Wells. Office, 20 Exchange Place, N. Y.— (V. 93, p. 286, 727, 871.)
A1ICHIGAN CENTRAL R R. — (See Maps New York Central & Hudson
River.)— LIN E OF ROAD.— Main line— Kensington to Detroit, 270 m.,
and Windsor to Suspension Bridge (Canada Southern), 226 m.; total main
line 496 miles. Branches owned and leased, 1,215 m.; trackage (111. Cent.)
into Chicago under perpetual lease, 14 m.; other trackage, 78 m.; total
Jan. 1 1911, 1,803 miles, with 599 m. of 2d track and 1,356 m. of side tracks.
Chicago Kalamazoo tc Saginaw Ry., Pavilion to Woodbury, Mich., 55 m.,
Is controlled but operated independently. V. 84, p. 50.
•
The third-rail electric Detroit River Tunnel, 2.42 m. long, openedjfor
traffic Oct. 1910, Is leased for 999 years. See BONDS below. V.,90.
p. 710; V. 91, p. 276: V. 92, p. 1499.
CONTROL.— The N. Y. Cent. tc Hud. River RR. Co. In AprH'1898’gave
$ 115 In Its 3 A % 100-year gold bonds for $100 stock, and'so liolds^$ 16,814,
300 of the $18,738,000 stock Issued.
DIVS.—
J’87-’89. ’90. ’91. ’92-'94. ’95-’96. ’07. ’08. '09. ’ 10. ’ l l Since 1886-..% \4 y’ly.
5
5 51:5 y ’ly. 4 y’ly.
6
8
6
6
6
BONDS.— Rattle Creek & Sturgis bonds for $500,000, but of this $79,000
was sub-guaranteed by the Lake Shore tc Mich. So., 7 miles of the B. C. tc S.
being operated by that company. The $1,725,000 3 'As of 1901 are a\lirst
mtge. on the Jackson Lansing & Saginaw RR., 350 miles (V. 73, p. 1061);
V. 76, p. 1027). Of the $18,000,000 3 A s of 1902, $4,000,000 are reserved
for additions, tec. V. 74, p. 728; V. 76, p. 102; V. 83, p. 1229. First 4s
on Joliet & Northern Indiana, see V. 84, p. 1367, 1428. • • ■
Toledo Canada So. & Uet. guar. 4s of 1906, sec V. 82, p. 930; V. 85, p. 406.
The Detroit River Tunnel guaranteed 50-year bonds ($30,000,000 auth
orized issue) are secured by a first lien on the double-tube tunnel and ap
proaches under the Detroit River, with terminals. Of the bonds, $14,000.
000 4Hs have been sold against cost of present property and Improvements,
in progress, total over $18,000,000, the remainder being reserved under re
strictions for additions and lmrpovcments, interest rate not tolexcced 5%.
V. 92, p. 1499; V. 93, p. 469.
• •
- k- J . - ..............
In April 1909 an issue of $25,000,000 4% 20-ycar debentures’Jwas author
ized, of which $7,634,000 sold to provide for advances to DetrolttRIvcr
Tunnel Co. Of the $4,500,000 authorlzedgds on Grand River Valley R R.,
82
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
STOCKS AND
Miles Date
Road Bonds
Michigan Central (Concl) —
M C new M on Gr Riv Val $4,500,000, g text.Gc&r
M C first mortgage on Kalamazoo & S Haven.Un.r
Mich Cent 1st M on Jack Lans & Saginaw gold.c* &r
M C 1st M on Joliet & Nor Indiana $3,000,000 gold
G.xc*&r*
Debentures gold__________
One year notes______
Jack Lans & Sag stock 3 X % yearly guar bv end__
Grand River Valley stock rental In perpetuity_____
Bay City & Battle Cr 1st M g guar p & 1end.Mo.c*
Battle Cr & Sturgis 1st M g guar p & I end._MD.c*
TolCan&DetlstM$4,500,000 g gu p&i(end) G.c* &r.
Detroit Riv Tun 1st M $30,000,000 gu end. _ G.xc*r*
Middletown Union & Water (lap— 1st M ext In 1886.c*
Second mortgage (see t e x t )...........
__
c*
Midland Pennsylvania— 1st M $2,000,000 gold red s f.
Midland Valley— Prior lien $6,000,000 gold________ c*
Coupon notes gold_____________ ____
_
Wlch & Mid Vail 1st M g gu p & l end red par___
Mill Creek & Mine Hill Navigation & RR— Stock____
Milwaukee Lake Shore & Western— See Chicago & No
Milwaukee & Northern— See Chicago Milwaukee & St
Mine Hill & Schuylkill Haven— Stock (6% rental) —
Mineral Point & Northern— 1st M $450,000 gold__ E
Mineral Range— Consol mtge (text) gold red at 105. _c
General mtge Interest guar by Canadian Pacific. .F
Hancock & Cal cons mtge gold red at 105 assumed.
Minneap Red Lake & Manitoba— 1st M $700,000 g.F.c
Alinneap. & St. L— Com. stk, to be $18,000,000__ Cc
Prefstk, to be $12,000,000(V70,pll50)5% non-c.Ce
First mtge Merriam June to Albert Lea gold__F.c*
Pacific extension llrst mortgage gold______. -Ce.c*
First consol M closed M g (V 59, p 1145). .Ce.c* &r
First & ref M $25,000,000 gold ($18,000 p m )___ Ce
Gold notes $4,000,000 secur by collat ext 1910..Ce
Collateral notes (sec tex t)____________________ _.
Minn Dak & P 1st M $50,000,000 g red 105.Cc.c*&r
Car tr ser A g due $60,000 yly (V 88, p 1373) . PcP.c*
Car trust ser B gold due $18,000 yearly___ PeP.c*
c Of which $16,819,300 held by N Y C & II R RR
Par
Value
Rate
%
When
Payable
[VOL. LXXXXIII.
Last Dividend Places Where Interest and)
and Maturity
Dividends are Payable
M & S Sept 1 1959
1909
4g
$1,500,000
M & N Nov 1 1939
1889 $l,000&c
5
700,000
Grand Cent Station, N Y
1901
1,000 2,000,000
Reg at G C S; cp at G T r
3H g M & S Sept 1 1951
1007
1,500,000
4 g J & J 10 July 10 1957
Guaranty Trust Co, N Y
1909 1,000 &c 7.634.000
4 g A & o Apr 1 1929
New York
1910
Oct 31 1911
50,000,000f
100 1.725.000
M & S Sept 1 1911 1M
do
do
3X
84
100
5
J & .1 J u ly’ l l , 2)3% Jackson, Mich
491,200
18 1889
1,000
3 g .1 & 1) Dec 1 1989
Union Trust Co, N Y
250,000
do
do
41 1889
1,000
500,000
3 g .1 & I) Dec 1 1989
59 1906 l.OOO&c 3,100,000
Grand Cent Station, N Y
4 g .r & J Jan I 1956
1911
1,000 14,000,000
4 X g M & N May 1 1961
100 &c
13 1866
N Y Susq & West, N Y
150,000
M & N Nov 1 1911
5g
1871
In default
500 &c
5
250,000
.1 & D June l 1910
1910
100 &c See text
Com. T. I .& Tr. Co., Phil
5 g J & J July 1 1960
299 1910
Office, Philadelphia
100 &c 6,000,000
5 g J & J July 1 1960
299 1910
6
1910
Drexel & Co, Phlladel’a
100 1,800,000
6
J & D Dec 1 1912
55 1911
1,000 1,025,000
5 g A & O Jan 1 1931
25
10
J & J July 1911 5% Reading Term, Phlla, Pa.
323,375
rth 'w estern
Paul
37
50 4,210,200
5 X J & J July 15’ l l 3% Office 119 S 4th St, Phlla
26 1905
Farmers L & Tr Co, N Y
1,000
450,000
5 g M & N May 1 1925
16 1891
55 Wall St, New York
500 <5cc
593,000 4 g & 5 g J & ,T Jan l 1931
All owned by Can Pacific
73, 1901
100,000
1,000,000
4 g J & J Jan 1 1951
34 1891
55 Wall St, New York
1,000
325,000
5 g J & J Jan 1 1931
First Trust & Sav Bk, Ch
1,000
700,000
5 g J & D 30 June 30 1925
33 X 1905
100 cO,000,000 See text J & .1 Jan 15'04 2)3 Office, 25 Broad St, N Y
do
do
100 f4,000,000 See text ,T & J Jan 15'10 2)3
do
do
109 1877
500 &c
950,000
7 g J & D June 1 1927
94 1881
1,000
do
do
1,382,000
A & O Apr 1 1921
6g
do
do
355 1894
1,000 5,282,000
M & N Nov 1 1934
5g
1,000 13,124,000
do
do
632 1899
4 g M & S Mch 1 1949
1,000 4,000,000
. . . 1906
do
do
5 g F & A Feb 1 1913
6
Feb 1 1912
1910
1,285,000
1,000 See text
230 1906
Office, 25 Broad St, N Y
4 g F & A Feb 1 1956
1,000
1909
480,000
5 g A & O To Apr l 1919 Penn Co for Ins, &c, Phil
1.000
1910
162,000
A & O To Oct 1 1920
5g
do
do
Co.
Of whl ch held 1n' ^treasury July 191 0. c $16 1,100. f $34,10 0.
84
39
350]
45
...
$1,500,000 are reserved for double-tracking, &c., and $1,500,000 for future
requirements. V. 88, p. 945, 1002, 1061, 1254; V. 90. p. 1554; V. 89,
p. 470; V. 90, p. 627. In Oct. 1910 sold 50,000,000 francs 413% 1-year
notes; V. 91, p. 1160, 1328, 1026.
Jointly with four other roads, covenants to pay New York Central Lines
$30,000,000 car trusts of 1907 and 1910, the company’s share of equipment
trusts outstanding Dec. 31 1910 being $3,125,105 and $5,086,473. V. 85,
p. 1402; V. 86, p. 168; V. 88, p. 761; V. 90, p. 1677; V. 92, p. 807.
EARNINGS.— 8 mos.,/1911......... Gross, $19,223,264; net, $5,439,233
Jan. 1 to Aug. 31.
11910--------Gross, 19,268,644; net. 5,448,435
A N N U A L REPORT.— Report for 1910 at length was In V. 92, p. 792, 805Year ending Dec. 31—
1910.
1909.
1908.
Railroad revenues......................... ..$29,694,815 $27,415,467 $24,222,139
Operating Income after taxes..$6,652,574
$7,743,255 $6,313,644
Other Income.......................... 1.093,680
941,481
843,519
Gross corporate Income___________ $7,746,254
Rentals leased lines__________
$585,310
Interest on bonds, &c_______________ 3,281,760
Other rents and miscellaneous......... .
826,341)
Hire of equipment, Including Interest 1,335,507
Additional equlpt., betterments, &c.
250,000
Dividends, 6 % ..............
1,124,280
Amount
Outstanding
BO ND S.
$8,684,736
$510,310
3,198,875
659,360
894,769
548,925
1,124,280
$7,157,163
$510,310
3,110,835
495,451
1,018,312
395,135
1,124.280
1911, gross, $100,762; net. $25,818; Int., taxes, &c., $31,211; bal., dcf.,
$5,393. Pres., C. W. Mcllhon, Mineral Point. Wls.; Vlce-Prcs., J. H.
Janaway, N. Y. Office, 1111 Marquette Bklg., Chicago, 111.
■
M I N E R A L R A N G E R R . — Houghton, Mich., to Calumet, Mich., 14 m.,
Hancock to Gratiot Mine, 23 m.; branches, 30 m.; South Range exten., Ke
weenaw Bay to Michigan Mine, 39 m., opened Dec. 2-1 1900; trackage, 4 m.;
Mohawk RR. operates 17 m.; total, 127 miles. In 1895 paid dividends of
10)4%: In 1896. 7%; 1897, 7%; 189S, 3)4%: none since. Stock, $1,500,
000: par, $100.
BONDS.— Consols for $1,000 arc reserved for $3,000 old bonds. Of the
$593,000 outstanding, $339,000 are 5s; the Can. Pac. on June 30 1911 owned
the remaining $254,000 (which are 4s) and the $1,000,000 gen. mtge. 4s,
both of which it guar, as to Int. V. 75, p. 554. See V. 73, p. 556, 616; V. 73,
p. 785. Of tonnage In 1909-10, 89% was ores and mining products. Equip,
trust notes June 30 1911, $500,418, Including deferred Interest.
EARNINGS.— For 2 months ending Aug. 31:
2 Months—
Gross.
Net.
Oth.lnc. Charges.
Balance.
1911....... ............. .$124,163
$23,092 $2,542 $25,346 sur. $288
1910----------------- 122,500 op.(let.9,127 2,458
26,426 dcf.33.075
REPORT.— For year 1910-11, gross, $746,426- net after taxes, $269;
other Income, $17,429- Interest on bonds, $97,649: other deductions,
$15,466; deficit, $95,317.— (V. 73, p. 785.)
M I N N E A P O L I S R E D L A K E & M A N I T O B A R Y . — BcmldJI to Redyb,
Minn., 33)4 miles. Incorp. In Minnesota June 5 1904. Stock, $100,000.
Bonds, $700,000 1st gold 5s (see table above). For year ending June 30
1911, gross, $52,712; net, after taxes, $10,973; Int. on bonds, $35,000;
bal., def., $24,027. Pres., C. A . Smith; Sec., A . Ueland; Treas., A . L .
Molander. Office, Bemldji, Minn.
M I N N E A P O L I S & ST. L O U I S R R . — (See M ap.)— Owns main line
Minneapolis to Angus, la., 260 miles; Western DIv., Hopkins to Water
town, S. D., 216 miles: ICalo Branch, 1 m.; Lake Park Branch, 1 )4 m.:
Winthrop, Minn., to Storm Lake, Minn., 154 miles. Leases trackage from
Minneapolis to St. Paul over North. Pac. Ry., 10 miles; from Spencer to
Ruthven over Ch. M. * St. P., 12 )4 m.; from Tara to Fort Dodge, over 111.
Cent., 6 m.: leases Des Moines & Ft. Dodge RR., Des Moines to Fort Dodge
and Tara to Ruthven, 137)4 m.; also leases Minnesota Dakota & Paclllc,
Watertown to Lcola, S. D., 114 m., and Condc to Le Beau, S. D., 115 m.,total operated June 30 1910, 1,027 miles. Also leases to B. C. R. & N.„
Albert Lea to Iowa State line, 13 miles.
HISTORY.— A reorganization In Oct. 1894, per plan In V. 59, p. 371.
Persons Identified with Minn. & St. L. control the Iowa Cent. Ry., the
Ches. & Ohio, St. L. & San Fr , also To!. St. L. & West, (which controls
Chic. & Alton) and have a large Interest In Mo. Kan. & Tex. Des Moines
& Ft. Dodge RR.. controlled, Is leased for 30 years from Jan. 1 1905.
V. 78, p. 2335; V. 79, p. 269. 1704; V. 81, p. 1430.
In Aug. 1911 new interests entered the directory. It is proposed
to extend the Minn. & St. Louis to the Canadian border to a connection
with the Canadian Northern and the Grand Trunk systems; also to extend
the Iowa Central to St. Louis to a connection with the Missouri Kansas &
Texas. This would give the Hawley system a through route from the
Canadian Northwest to Galveston, Tex. V. 93, p. 469, 666.
The stockholders will vote on Dec. 18 1911 on (1) leasing and purchasing
the Iowa Central and the Minnesota Dakota & Paclllc Ity.; (2) authorizing
an increase of $8,000,000 prcf. and $4,500,000 common stock; (3) authoriz
ing a new $75,000,000 mtge. for refunding, new construction anil future re
quirements. The new bond Issue will also be a first lien on tile lines of the
subsidiary Minn. Dak. & Pac. Ry., whose bonds are to be retired, and a
general ilen on all existing properties. V. 93, p. 940. 1106.
•
STOCK.— After 5% on each, preferred and common share pro rata.
DIVIDS.
1 '97. ’98. ’99. ’00. ’01. ’02. ’03. '04. ’05 to Jan.’ 10.
5 yearly
5
5
None
5
Preferred........ 3
3)4 4)4 5 ’ 5
0
5
since
5
2X
*I X
' 4
Common______J---- NoneBONDS, &C.— Bonds due 1927. Nos. 1,101 to 1,400, for $500 each, addi
tional to those above, were assumed by B. C. R. & N. (now 0. R. I. & P.).
First refunding mtge. of 1899 is for $25,000,000, of which $7,894,00(>
reserved to retire underlying bonds and $4,600,000 for future extensions.
Improvements, &c., under severe restrictions. The mtge. Is a first lien on
277 miles of road, &c., and a blanket Hen on rest of property, and is further
secured by deposit of $2,530,000 Des Moines A Ft. Dodge common stock.
V. 68. p. 187, 332; V. 79, p. 2147; V. 80, p. 2220; V. 87, p. 1420; V. 88.
p. 295, 452, 506. See V. 69. p. 32.
, „
.
T
’
The $4,000,000 5% notes of 1906 (extended 2 years from Jan. 1911. the
remaining $1,000,000 having been paid ofT) are secured by the $6,250,000
Minn. Dakota & Pacific llrst gold 4s and the latter’s entire stock. V. 82,
p. 392, 692. 1102: V. 83, p. 38, 1114; V. 91, p. 1630; V. 92, p. 118.
•
The $1.28'-,000 6% notes due Feb. 1 1912 arc secured by $1,250,000
Minn. & St. L. 4% bonds, $600,000 Des Moines & Ft. Dodge 2d 5s and
$103,000 St. Paul Depot bomis. and by a second Hen on the collateral
securing the $4,000,000 notes due Feb. 1913. V. 92, p. 659.
As to proposed new bond issue ($75,000,000 authorized), see above.
The $3,072,000 Des Moines & Fort Dodge 4% bonds dated Jan. 1 1905
are guaranteed, principal and Interest. V. 79, p. 1704, 2696.
EARNINGS.— 2 mos., (1911____ _____ Gross, $773,856; net, $183,025
July 1 to Aug. 31.
11910__________ Gross, 846,870; net, 232,685
AN NU AL REPORT.— Annual meeting first Tuesday In October. Re
port for 1909-10 was In V. 91. p. 1508.
Year ending June SO—
1910-11.
1909-10.
1908-09.
Average miles operated...
1,027
1,027
1,027
Gross earnings____________
$5,094,017 $4,945,391 $4,171,315
Net (after taxes)__
_ 1,404,681
1,301,602
1,133,465
Income from Investments, rentals, &c.
238,656
136,345
135,835
Balance, surplus..........................
$343,051 $1,748,217
$502,840
President, Wm. C. Brown, New York.— (V. 92, p. 792, 805, 1500.)
MIDDLETOWN UNIONVILLE & WATER GAP RR.— (See Map Erie
RR. Co.)-—Owns from Middletown, N. Y., to Unlonvllle, N. Y ., 13.65 miles.
Stock, $149,850; par, $50. Controlled, through stock, by N. Y. Susq. &
West., which pays Int. on bonds. Oiler was made to extend the $250,000
2d 5s to Nov. 1 1911 with Int. guaranteed by N. Y. Susq. & W.; all bond
holders not consenting, principal was defaulted June 1 1910 and In March
1911 foreclosure suit was begun. V. 91, p. 154; V. 90, p. 1363; V. 92, p. 725.
In Dec. 1910 a committee (Charles I. Henry, Chairman; Robert G. Starr,
20 Broad St., Sec.; Empire Trust Co., N. Y., depositary) requested deposits
of 2d M. bonds; V. 91, p. 1512. In year 1910-11, net Inc., $10,968; Int.
oh bonds, $7,500; bal., sur., $3,468.— (V. 92, p. 725.)
M IDLAND PENNSYLVANIA RR.— Under construction from Mlllersburg, Pa., to Ashland, 44 miles, single track, private right of way sufficient
for double track when required. To be completed In summer of 1912. Incorp. In Penna. Feb. 17 1910. Stock authorized, $2,000,000. Bonds
authorized, $2,000,000, to be Issued for the construction of 44 miles, the
Lykens Valley Construction Co. to deposit $1,000,000 of the railroad stock
In trust with the Commonwealth Title Insur. & Tr. Co. of Philadelphia,
trustee, until the net earnings (after payment of the bond Interest) are twice
the amount of the bond interest and to guarantee the Interest until that
time. Sinking fund payable annually after 1913 to purchase bonds at or
below 115. V. 92, p. 527. Pres., Walter E. Harrington, Phlla., Pa.;
1st V.-P., DImner Bcebee, Phlla.; 2d V.-P., Joseph F. Romberger, Ellzabcthvllle, Pa.; 3d V.-P., Finley Acker, Phlla.; Sec., John H. Williams, Pottsvllle. Pa.; Treas., S. F. Houston, Phlla.— (V. 91, p. 463; V. 92, p. 1032.)
MIDLAND VALLEY RR.— Owns and operates from Excelsior, Ark.,
south to Hoye, Ark., and north to Fidelity, Ark.; also from Excelsior west
to Sllvcrdale, Kan., and from Jenks, O. T., to Glenn Pool, O. T., a total of
299 miles; also operates under trackage from Maney Jet., Ark., to Ft. Smith,
16 m., and Sllvcrdale to Arkansas City, Kan., 9 miles; total operated, 324
miles. See V. 78. p. 702, 1109; V. 80, p. 2345. The Wichita & Midland
Valley RR., which Is leased for 25% of the gross earnings (and any deficiency
necessary to meet the bond Interest and taxes) was opened from Arkansas
City to Wichita, 55 miles, Oct. 4 1911. V. 92, p. 462, 796. Stock auth.,
$9,000,000; outstanding June 30 1911, $8,013,000; par, $50.
The Wichita & Midland Valley 1st 5s (limited to $20,000 per mile, present
Issue $1,025,000) are guaranteed prin. and Int.; Phlla. Trust, Safe Deposit
& Insurance Co., trustee. Further bonds may be Issued for extensions in
5-mile sections. The entire Issue or any part not less than $100,000 (when
drawn) may be called at par and Int. on any Int..day. V. 92, p. 796.
BONDS AND NOTES.— On Dec. 1 1910 the $5,980,000 RR. 5% bonds
and $1,250,000 car trusts and the $1,650,000 Cherokee Construction Co. 6%
notes were retired and the railroad issued, per plan, V. 90, p. 1676: (1) $6,
000,000 closed mtge. prior Hen 5s (secured on the property of the Midland
Valley RR. and also on the rolling stock and by pledge of all the bonds and
stock— $1,250,000 and $250,000, respectively— of the Sebastian County
Coal & Mining Co., on the coal estate of the construction company; and (2)
$1,800,000 6% 214-year RR. notes, due Dec. 1 1912, secured by pledge of
$2,500,000 new gen. consol. 6s, the Issue of these bonds to be limited to
$2,500,000 during the life of the notes. The Coal Co. bonds and stock may
be withdrawn whenever $1,500,000 prior lien bonds are canceled.
EARNINGS.— 2 mos., (1911................ Gross, $222,548; net, $30,056
July 1 to Aug. 31.
11910------------- Gross, 169,527; net, 17,848
Report for year ending June 30 1910 In V. 92, p. 114. In 1910-11, gross,
$1,352,607; net, after taxes, $334,336; other Income (net), $84,313; Int.
on bonds and notes, $400,903; balance, surplus, $17,746. Pres., Charles E.
Ingersoll; Sec. and Treas., H. E. Yarnail. Office, Franklin Bank Bldg.,
Phlla.— (V. 90, p. 1676; V. 92, p. 1 1 4 , 322, 462, 795; V. 93, p. 45, 1022.)
„ M ILL CREEK & MINE H IL L NAVIGATION & RR.— Mill Creek Jet. to
Broad Mountain, Pa., 3.78 m.; second track, 3.76 m.; total track, 36.72 m.
Leased In 1861 for 999 years to Phlla. & Reading RR.: lease assumed in
1896 by Phlla.& Reading Railway, rental, $33,000 anil taxes.
MINE H IL L & SCH UYLKILL HAVEN RR.— From Schuylkill Haven to
Ashland and Enterprise Jet.. 36.80 m.; 2d track, 18.80 m.; total track,
130.06 m. In 1897 rental reduced to 6% on stock under new lease for 999
years from Jan. 1 1897 to Phlla. & Read. Ry. Co.; 2 H% is paid In Jan. and
3% In July, X% being deducted for taxes.— (V. 63, p. 1011.)
Total net Income_________________ $1,643,337 $1,437,947 $1,269,300
M INERAL POINT & NORTHERN RY.— Highland to Highland Jet., Bond Interest, Ac_________ ________
1,518,695
1,360,010
1,366,259
Wis., 26.4 miles; trackage Highland Jet. to Mineral Point, 4.2 m.; totai
Dividend on preferred stock (5 % ).. ...................
100,000
200,000
30.6 miles. Incorporated in Wisconsin Oct. 17 1899. Stock, all issued!
$550,000; par, $100. Bonds, sec table above. For year ending June 30
Balance for year......................... sur.$124,643 dcf.$22,063 def.$296,950
84
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c.. see notes on first page]
STO CK S A N D
Miles Date
Road Bonds
Alinn St Paul & S Stc Marie— Com stock $28,000,000.
• Preferred stock 7% nou-cum 814,000,000_________
Wisconsin Cent leased line ctfs $12,500,000 auth..
Minn Sault Ste Marie & Atlantic 1st M gold. .Ce.c*
495 1880
Minneapolis & Pacific first m ortgage..__ ___ Ce.c*
286 1886
■Cons mtge gold int guar (end) sec te x t_____ Ce.c* 2,710 1888
Second mortgage $5,000,000 gold lnt gu ar.___ Cc 2,710 1899
Car trusts due $00,000 semi-annually_____________
do
due $61,000 semi-annually.. ____________
Equipment trust ctfs gold due $00,000 s-a... .Ce
1911
(Minnesota Transfer— First mtge ($1,004,000 are 4s) _c
1886
8 1902
Mississippi Arkansas & Western— 1st M g red par.CC
Miss Cent— 1st M $10,000,000 g gu red (text)__ S.xc
164 1909
Aiiss Riv & Bonne Ter Ry— 1st M $2,500,000 g red 105
65 1911
1911
Equipment trusts due $50,000 s-a red par„.SSt.c*
1901
Mo& 111 Br& Belt— St C M & St L II 1st M red g . SSt.c*
1904
...
Consolidated mortgage $2,000,000 authorized gold.
Missouri Kansas & Texas— Common stock_________
Preferred stock 4% non-cuinulatlve_______________
First mortgage gold__________________________ .Ce 1,599 1890
Second mortgage gold__
Ba 1,599 1890
163 1894
First extension mortgage gold $3,254,000____Ce.c*
St Louis Division first refunding mortgage___ F.c
1901
Missouri Kansas & Eastern 1st At gold assumed..Ce
162 1892
Second mortgage guaranteed, being retired__ _
162 1892
182 1893
Sh Sh & So 1st M ($20,000 p m) gold assumed.Ce.c*
Kansas City & Pacific 1st M gold assumed___ Ce.c*
130 1890
227 1902
At K & Okla 1st M $5,408,000 gold assumed..Ce.c*
117 1903
Texas & Okla 1st M $2,347,000 gold assumed.Ce.c*
First & ref mtge $40,000,000 gold (see text)------ F
1904
(ien M $20,000,000 gold sink fund red at p a r.. N.c*
1906
S W C & Imp 1st M assumed sink fund call at 125.F
1889
Consol mortgage $125,000,000 gold authorized.
1910
Two-year secur g notes $16,000,000 red par.-Un.c
1911
Dallas & Waco 1st M $20,000 p in g gu p & 1 Ce.c*
66 1890
M K & T of Texas 1st M $20,000 p m .Ce.c* \Guar pr
225 1892
Boonvllle Bridge 1st M gold sink fd.Ce.c*J& int
1901
Par
Value
Rate
When
Payable
$ 100 $25,206,800 7 In 1911 A
100 12,603,400 7 in 1911 A
A
4
100 11,145,500
4 g ,J
1,000 8,204.000
4 (5) ,T
1,000
286,000
4g J
1,000 50,705,000
4 g .r
1,000 3,500,000
j
5
1,000
1,071,000
A
1,034,000
1,000
1,190,000
4 H g At
1,000
1,908,000 4 & 5 F
1,000
220,000
1,000
5g J
5g J
500 &c 4,100.000
1,000 2,500,000
5g A
500,000
,T
5
1,000
1,000
758,500
4g J
1,000
790,000
4g J
100 03,300,300
100 13,000.000 4 In 1911 M
500 &c 39,999,500
4g J
F
500 &c 20,000,000
4g
Af
1,000 3,253,000
5g
1,000 1,923,000
4g A
1,000 4.000,000
5g A
58,000
A
1,000
5g
1.000
1,689,000
5g J
F
1,000 2.500,000
4g
i\l
1,000 5,468,000
5g
1.000 2,347,000
5 g Af
250 &c 9,992,000
M
4g
1,000 12,737,000
4H g ,T
1,000
J
968,000
6
500 fr CSee text.
5g
1.000 12,850,000
Al
5g
1,000
1,340,000
5 g AI
1,000 4,505,000
5 g Al
M
1,000
1,000,000
4g
OFFICERS.— Chairman, Edwin Hawley; Pres., Newman Erh; V.-Ps.,
W\ I,. Ross, Chicago; W . G. Blind, Minneapolis; and F. 11. Davis. N. V.;
Treas., F. II. Davis; Sec., A. C. Doan. Office, 25 Broad St., New York.
Directors.— Edw. Hawley, If. E. Huntington, F. H. Davis, Frank Trum
bull. Theo. P. Shonts, F. M. Tompkins. A. C. Doan, Newman Erb, New
York; I,. F. Day. Minneapolis: F. P. Frazier, Chicago.— (V. 1)3, p. 460,
666, 010. 1022.)
■MINNEAPOLIS ST. PAU L & SAULT STE. .MARIE RY.— Owns main
line from Sault Ste. Marie, Mich., via Minneapolis to Portal, North Dakota,
at the international boundary line, there connecting with the Canadian Pac.,
1,040 miles; branches, Hankinson, N. D., to Max, 306 miles; Glenwood,
Minn., to Emerson, 265 miles: Thief River Falls, Minn., to Kenmare, N.D.,
296 m.; Moose Lake, Minn., to Plummer, Minn., 193 in.; Wishek, N. D., to
Pollock, 70 m.; Brooten to Duluth, Minn., 187 in.; other branches, 346 m.;
spurs, 11 m.; total July 1911, 2,712 miles; also trackage to Minneapolis,
St. Paul (being replaced by line owned: V. 83, p. 38) and Sault Ste. Marie,
19 m.; leases Wisconsin Cent. Ry. (which see), 1.038 miles; total, 3.769 m.
Extension to Plummer, Minn., 200 miles, was opened Oct. 1910, and one
from Frederick, Wls., to Duluth. Minn., to be by Jan. 1912. Owns
Lawler, Minn., to Cuyuna, 37 miles, not Included In above. V. 91, p. 78/.
H ISTORY.— A consolidation in 1888 of Alinn. Sault Ste. Marie & Atl..
Minn. & Pac.. &c. Sec V. 46, p. 538. 609: V. 77, p. 628.
In 1909 51% of Wisconsin Cent. com. stock was purchased, affording a
Chicago connection, the road being leased for 99 years from April 1 1909;
$11,145,500 4% leased line ctfs. were Issued (to July 1911). secured by the
Wisconsin Cent. pref. stock. V. 88. p. 232, 564, 686; V. 89, p. 1668.
STOCK.— Canadian Pacific in July 1911 owned $10,515,300 common and
$5,257,700 preferred. Preferred stock has a prior right to 7% (non-cum.);
then common to 7%; then share pro rata. V. 75, p. 549.
Stockholders of record April 15 1911 subscribed pro rata for $2,18/,400
pref. and $4,374,800 common stock at par, payable up to Oct. 16 1911.
This raised the amounts outstanding to $12,603,400 pref. and $25,206,800
common. V. 92, p. 725, 882.
In July 1911 a new Chicago terminal was proposed to replace the facilities
leased from the Illinois Central (the cost, ilkely to amount to about 55,
000,000), to be built either through the Minn. St. P. & S. S. M., or a ter
minal company whose securities may be guaranteed by the "Soo" line.
V. 93, p. 285. 371.
DIVIDENDS.—
1’03. '04. ’05. ’06. '07. '08. ’09. ’JO. J l.
.%/ 2
4
4
4 4
6
0
7
7
Common_________
BONDS.— Can. Pac. guarantees by endorsement 4% int. on all the bonds
assenting to a reduction of lnt. to 4 % . (See V. 50, p. 784; V. 51, p. 239.).
About one-half Minn. & Pac. bonds and practically all other Issues assented.
Abstract of Minneapolis Sault Ste. Marie & Atlantic mortgage in V. 45, p.
243. The consolidated mortgage of 1888, abstract V. 47, p. 142, was for
$21,000,000 on 800 miles (sufficient of this reserved to retire prior bonds)
and for $20,000 per mile on all additions. V. 73, p. 185: V. 78, p. 820;
V. 79, p. 1332; V. 80.p.651; V. 87. p. 1011, 1664; V. 89, p. 779; V. 91,
p. 1026. As to 2d 4s,sec V. 68, p. 669, 771. 977: V. 71, p. 845: V. 85,
p. 1646.
EARNS. (Road proper)— 11911 ...Gross, $2,705,195; net, $1,054,276
2 mos., Julyl to Aug. 31./1910 .
Gross, 2,412,064; net,
893,100
REPORT.— Report for year ending June 30 1911 was In V. 93, p. 792.
Year ending June 30—
1910-11.
1909-10.
1908-09.
Average miles operated_____ ______
2,639
2,461
2,360
Gross earnings_____ ________
$12,819,188 $15,060,237 $12,339,755
Net after taxes__________
3,920.607
6,380,578 4,638,489
Other Income....... .........
913,204
865,614
356,299
Total net Income____ ______
$4,833,811 $7,246,192 $4,994,788
Interest on bonds, Jcc__ ______ . .. $2,447,619 $2,298,387 $2,224,390
Int. on Wise. Cent, leased line certs..
445,716
443,969
109,402
109,049
103,394
127,351
Rental of terminals_______________
Preferred dividends (7 % )____
729,120
058,560
588,000
Dividends on common. ___________ (7) 1.458,240(0>*) 1233120 (6)1,008,000
Balance___________ _____ _______ def .$355,933 S.$2,508,762 sur.$937,045
— (V. 91. p. 790, 1026; V. 92. p. 659, 725, 795, 882: V. 93, p. 792. 871.)
MINNESOTA TRANSFER RY.— Union road owning 13.54 miles, ex
tending from junction with Cnlc. Mllw. & St. Paul at Alerriam Park to Frid
ley (with stock yards, &c.); side tracks, 45.72 miles: total, 59.26 miles.
V. 07. p. 956. Stock, $63,000, equally owned by Chic. Mllw. & St. Paul,
Nor. Pac., Chic. St. Paul Alinn. & Omaha, Minn. & St. Louis, Chic. Burl. &
Quincy. Great North., Chic. Great West., Minn. St. Paul & Sault Ste. Marie
and Chic. Rock Island & Pacific. Additional bonds can be Issued for Im
provements, &c. Principal only Is payable In gold. Mortgage trustee.
Northwestern Trust Co.. St. Paul.— (V. 67. p. 956.)
MISSISSIPPI ARKANSAS & WESTERN RY.— Owns Blissville, Ark.,
to Vinson, 8 miles. Stock auth., $220,000. Year 1910-11, gross, $23,222;
net, $10,762. In 1909-10. gross, $21,696; net, $7,243; lnt. and taxes;
S 13,520; bal., def.. $0,277. Pres.. A. P. Bliss. Saginaw, Mich.; Sec..
F. L. Gregory, Little Rock, Ark.— (V. 75, p. 442.)
MISSISSIPPI CENTRAL RR.— Owns from a point 14 miles south of
Hattiesburg, Miss., to Natchez, 164 miles, Including the former Natchez &
Eastern,Natchez, Aiiss., to Brookhaven, 66 miles, taken over by consolida
tion In June 1909. Extension proposed to Gulf of Mexico. Stock auth.,
$5,000,000; outstanding, July 1910, $3,940,000: par, $100. Dividends of
0% yearly paid to Oct. I 1907; none since to Sept. 1911.
Bonds.— 1st M. bonds dated July 1 1909, limited to $10,000,000, are Issu
able at $25,000 p. m.; they arc subj. to call by lot at 110 for yearly sinking
fund of $300 p. m. of road covered from July 1 1912; also as an entire issue at
same price. They are guar., p. & L, by U. S. Lumber Co. V. 88. p. 1561.
EARNINGS.— 2 mos../1911---.......
-Gross, $148,884; net, $66,606
July l to Aug. 31.
\1910________ ...Gross, 151,164; net. 05.304
Year ending June 30 1911, gross, $852,899; net, $285,440; other Income,
862,805; interest on bonds. $205,000: bal., sur., $143,209. Pres., F. L.
Peck; Treas.. John T. Porter; Sec., G. F. Roycc. Office, Hattiesburg,
Miss.— (V. 90, p. 1171.)
Amount
Outstanding
[VOL. L X X X X I I I .
BO ND S.
Last Dividend Places Where Interest and
Dividends are Payable
and Maturity
&
&
&
&
&
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&
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O Oct 16’ l l 3M Minn office; checks mall
O Oct 16 ’ l l 3 %
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o Apr 1 2008
J Jan 1 1926
Bank of Montreal. N Y
do
J Jan 1 1936
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J July 1 1938
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J Jan 1 1949
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J To July 1 1917
do
do
o To April 1 1920
8 To Mch 1 1921
1st Nat Bk.st Paul,Minn
A Aug 1 1916
Cont & Com Tr & SB,Ch
J Jan 1 1922
Harvey Fisk & Sons, N Y
J July 1 1949
O Oct 1 1931
J To Oct 1 1916
J Jan 1 1951
St Louis Union Trust Co
J Jan 1 1951
&
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N Nov 10 1911
D Juncl 1990
A June 1 1990
N Nov 1 1944
O Apr 1 2001
O Apr 1 1942
o Apr 1 1942
1) June 1 1943
A Aug 1 1990
N Afay 1 1942
8 8ept 1 1943
8 Sept 1 2001
J Jan 1 1936
J July 1 1929
1940
N May 1 1913
N Nov 1 1940
8 Sept 1 1942
N Nov 1 1951
&
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2 Checks mailed
Office, 49 Wall
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do
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Office, 49 Wall St, N Y
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MISSISSIPPI RIVER & BONNE TE RRE R Y . — Owns Riverside. Mo.
on Mississippi River, to Doc Run, Mo., 46.44 miles, with branches, 18.10 m.:
also 43.44 m. of Industrial tracks; total tracks about 108 miles. Incor
porated In Missouri In 1888.
STOCK.— Stock auth. and outstanding, $3,000,000, being Increased front
$2,500,000 Aug. 7 1911: par $ 100. Dividends paid from 1900 to 1910. 0%.
and 7 J$% for year ending June 30 1911.
BONDS.— The $2,500,000 1st M. gold 5s of 1911 are secured by a closed
first mtge. on the property owned and hereafter acquired except about onehalf In value of the equipment, and further by a deposit of a $2,000,000
20-year 5% note of the St. Joseph Lead Co., the latter having no bonded
debt, and agreed to create none during the life of the note without securing
the same equally and ratably with all bonds secured under such mortgage.
They are redeemable at 105 as a whole or by lot for a sinking fund of $25,000
yearly for the first 5 years and $50,000 a year thereafter, which Is estimated
to retire $1,300,000 bonds by maturity. V. 93, p. 589, 871.
EARNINGS.— For year ending June 30 1911, gross, $800,838; net In
come, $307,417; add Int. on St. Joseph Lead notes deposited under mtge.
$125,000; total net Income, $432,417: int. on now bond issue calls for
$125,000 and on equipment trust for $25,000.
Pres., Dwight II. Jones; Treas., G. S. Parsons; Sec., F. P. Graves.
Office, 5 Nassau St., N. Y .— (V. 93, p. 286. 589, 871.)
.MISSOURI & ILLINOIS BRID GE & BELT R R .— Has bridge 2,100 feet
long across the Mississippi River at Alton, 111.; also 2 miles of road. Owned
by Cleve. Cine. Chic. & St. Louis. Louisville & Nashville, St. Louis Iron
Attn. & South., Balt. & Ohto, Allssouri Pac., Wabash, Chic. Rock Island &
Pac., St. L. & San Fran., AIo. Kan. * Texas and St. L. Vandalla & Terre
Haute (Penn. RR. system). Incorporated in Aug. 1904 as successor of the
St. Clair Aladlson & St. Louis Belt RR. V. 79. p. 1642, 681. Stock, $2,
500,000; outstanding, $110,000. For year ending June 30 1910, gross.
$156,882; net after taxes, $130,458: bond lilt., $61,940; bal., sur., $08,518.
Pres., Henry Aliller; Treas., F. II. Hamilton: Sec., W. F. Bender, Lincoln
Trust Building, St. Louis.— (V. 88, p. 1128.)
MISSOURI KANSAS & T E X A S R Y . — [See M ap.)— Operates a line with
northern terminals at St. Louis, Kansas City, Junction City and Hannibal,
AIo., extending southerly across the Indian Territory and the Texas cotton
belt to tidewater at Galveston, on the Gulf of Mexico, and to San Antonio,
Tex., anil Shreveport, La., with branches. (*Seo this company.)
M.K.& T.Iiy.— Owned (166 m.) Miles. M.K.& T.o/Tex.-Oper. (345 m.)
St. Louis to Red R iver________ 629 Tex. Cent.(99% stock owned) 309
18
Hannibal, Mo., to Franklin Jet. 105 •Wichita Falls R y ___ INot
K. C., Mo., to Parsons, Kan__
94 Wascom to Shreveport]owned. 19
Parsons, Kan., to Okla. C ity.. 203 Op. Jointly [a.)— M .K.& T.Iiy.(HI m.)
Junction City to Parsons, Kan. 158 St. Louis to Machens, Mo.
K. C. June, to Paoia, Kan_____
86 Kansas City to Paoia-------Oklahoma City to Atoka. . .. 132 Dewey to Bartlesville...........
Osage June, to Vcrdark, Okla..
79 Moran to Piqua----------------Fallis to Guthrie.............
23 (ft) M. K . & r . of Tex. (155 M.)
71
Other branches_______________ 151 Whitesboro to Fort Worth .
50
M.K.& T. of Tex.-Owned (1.153 m.)— Houston to Galveston.---3
Red Riv.to Houston,via Ft.W . 357 Sou. Pac. Connection, San Ant
Denison to Hlllsb., via Dallas.. 172 Austin to San Marcos and ter
31
minals at Austin_______ Whitesboro to Henrietta.........
87
Greenville to Shreveport------- l.)0
Total mileage operated— .3,395
Other branches....................... 387
In June 1910 acquired $3,967,800 of the $4,000,000 stook of Texas
Central. 309 miles. See BONDS below.
In 19U purchased the entire capital stock of the VVlchlta Falls & North
western Ry., 228 miles, with 150 miles under construction, and Wichita
F a l l s & Southern Rv
52 miles— which see.
In May°H)i f purchased the Denison Bonham & New Orleans Ry.. Bon
ham to Bonham June., Tex., 24 miles. V. 92, p. lo65.
ORGANIZATION &C.— Reorg. In 1890 without foreclosure. V. 49.
p. 719 In Oct. 1909 a large Interest had been acquired by Edwin Hawley.
B. F. Yoakum, of the Rock Island Co., and Speyer & Co. V. 8J, p. JJ.J.
LAND GRANT.— Land grant In fornier Indian TmTltory (now Okla
homa), 3,110,400 acres, subject to Indian title. Sec V. 7J. p. 903, 1281,
V. si, p. 668, 1042; compare V. 67, p. 222; V. 55, p. 037, V. 61, p. 1155,
V. 77, p. 2339: V. 82, p. 1102; V. 84, p. 508, 1248, V. 8o, p. 736.
DIVIDENDS.— On pref., 1906 to Nov 1911. 4% yearly (M. & N.).
BONDS.— AI. K. & T. 1st and 2d mtges. of 1890 (abstracts in V. 51.
p. 495) cover, besides right to land grant, 1,599 miles of road, Including line
Hannibal, AIo., to Boggy Tank (except 71 miles trackage), sundry branches,
and Sherman Shreveport & Southern,
but see below.
...
----- -----, . T..
,
Missouri Kansas & Eastern bonds were assumed in June 1896. (V. 63.
p. 30.) $4,669,000 St.' Louis Dlv. 1st ref. bonds reserved for retirement
V. 75, p. 608.
of..........ssucs;
both Issues balance for ext. and impts. V. 72,
Sherman Shreveport & Sou. mtge. Is for $0,000,000 at $20,000 per mile;
Issued. $3,689,000, of which $2,000,000 pledged under M.K . & T. mtge of
1890. Bonds, guar., were assumed on consol. In 1901.
Y.72, p. 1034,
The Missouri Kansas & Oklahoma and Texas & Oklahoma bonds. Issued
at $20,000 per mile, guaranteed, have been assumed.
V.74, p. 1038;
V. 75. p. 185. 733; V. 77, p. 252; V. 78, p. 48; V. 79. p. 908.
Of the llrso and refunding 4s of 1904 ($40,OOO,000 auth. issue), $12,037,
000 Is reserved to retire divisional mortgages at or before maturity; balance
unissued ($17,525,000) for future purposes. They arc payable at the op
tion of the holder in sterling, marks or francs. I hey are a second lien on
507 miles of road and on the first mtge. bonds of Denison & Washita Valley
Ry., 17 miles, and a first lien on terminals and equipment of estimated
value of $21,380,000. V. 79. p. 968. 1281, 1332; V. 80, p. 222, 712; V. 81.
p. 613; V. 82. p. 987. 1497; V. 80, p. 1101; V. 88, p. 158. 295.
General 4 'A % mortgage sinking fund, 2% of bonds out yearly from
Jan. 1 1911. V. 82. p. 218, 334. 092; V. 4, p. 1551; V. 85, p. 346, 654
V. 88, p. 101, 158.
St.CbarleJf!
MAP OF THE
JEFFE R SO N
CITY
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86
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
STOCKS AN D
Miles Date
Road Bonds
Missoun & North Ark— Allegheny Impt notes g red__
Mo Okla & Oulf Ry— 1st M 510.000,000 g red textSSc*
.
do
of Texas 1st M 51.000,000___ SSt
ai u « Ci Ry &. Terminal first mortgage guar
New mortgage
.
Missouri Pacific— Stock 5246,Wo',66o\authorlzed)I I I
Pacific RR of Missouri 1st M ext In 1888 gold.__Ba
Second mtge ext In 1891 In gold St L to K C-_c
hirst mtge St Louis real estate ext In 1892 gold
First mtge Caron Br g gu p & 1 (end) extend 1893
Third M ext In 1900 red 105 (V 83, p 492, 1348)Ce
Missouri Pac 1st M Lexington to Seilalla, Mo, gold
Consolidated mortgage 530,000.000 gold..
c
Gold collateral trust_______________
(Jn c*&r
First coll M 510,000,000 g (V. 50, p. 069). .Ba.c*r&r
Mortgage 537,255,000 g red at 102H...Ba,xc*&r*
Ler & Caney V 1st M g gu (V 70, p 1095) assumed.c*
Verdigris Val Indep & W 1st M g guar assumed
K C & N W 1st M pref “ A ” g assumed red 105 Ba
Cent Br U P 1st M g assum___________________ (jri.
Central Branch 1st M gold assumed____________ Ba
Kan & Col Pac 1st ref M g gu assumed..Ea-xc*(XuFirst & ref M 5175,000,000 red conv text.G.xc*&r*
Boonvllle St L & South Ry 1st M g gu red 107 Yi Ta
Secured gold notes 525,000,000 red par........ Un.c
Equip Ass’n obligations, last Installment.... ............
do do
Ser B gold last Installment___________
do do
Ser C gold $282,000 June 1 yearly .Ba
•
do do
Ser D to F gold 5103,000 Dec 1 y’rly
do do
Ser G to I gold S220,000 yearly. .
Mo Pac equip bonds g $335,000 May 1 y’ly.K.c*& r
Am Refrig Transit equip notes gold not guar— Sec
. . . 1900
350 1904
. . . 1911
1911
284 1868
284 1871
1872
13 1873
297 1870
57 1880
1,070 1880
1,120 1887
671 1890
1905
"52 1886
81 1880
1894
166 1898
288 1899
1908
3,779 1909
44 1911
1911
1902
1903
1903
1903
1905-7
1907
'Indu strlal
Par
Value
$6,360,379 $6,666,200
$6,658,250 $0,847,635
$4,801,355 $4,770,634
11,032
83,019
705,320
530,408
99,080
77,278
520,000
520,000
Balance, surplus........................... $1,252,686
$521,463
$866,296
OFFICERS.— Pres., A. A. Allen, St. Louis; V.-P., C. Halle, St. Louis;
See. and Treas., C. N. Whitehead, 49 Wall Street, New York.
•Directors.— Edwin Hawley (Chairman), B. F. Yoakum, Hans Wlnterfeldt, Frank A. Vanderllp, Frank Trumbull, James N. Wallace, Harry S.
Black, Stuyvesant Fish, New York; A. A. Allen, James Campbell, St.
Louis, Mo.; Frank P. Frazier, Chicago; Edward S. Rea, Alfred J. Poor,
E. B. Stevens, Kansas; and Alfred W. Smlthers, London.— (V. 93, p. 937,
951, 1106.)
MISSOURI & NORTH ARKANSAS RR.— Joplin, Mo., to Helena, Ark.,
361 'A miles, of which Neosho, Mo., to Joplin, 19 miles, and Seltgman, Ark.,
to Wayne, 9 miles are trackage. V. 8 6 , p. 168. Successor (per plan V. 82,
1269, V. 83, p. 39) of St. Louis & North Arkansas, foreclosed.
Stock authorized, $25,000 per mile. In Aug. 1906 mortgage was filed
to secure an Issue of 511.500,000 50-ycar 4% gold bonds (St. Louis Union
Tiust Co., trustee), Issuable at 525,000 per mile. Entire stock and bonds
are pledged to secure $6,000,000 5-year 5% gold notes of the Allegheny
Improvement Co. See above table. V. 85, p. 99. Outstanding June 30
1911, $8,340,000 each of stock and bonds. Car trusts June 30 1911,$50,894.
In Oct. 1911 Pres. Scullln sold 5900,000 of John Scullln 6 % coll, trust
bonds due Oct. 1 1914, secured by 51,223,000 of the Allegheny Improve
ment Co. 5% coll, trust notes and additionally secured by deposit of
5576,941 certificates of beneficial Interest covering the property of the old
St. Louis & North Arkansas RR. V. 93, p. 1106.
For year ending June 30 1911 (365 aver, miles), gross, $884,729; net Inc.,
$78,768; taxes, rentals, &c., 5109,951; bal., def., $31,183. In 1909-10,
gross, $826,710; net, $81,333. Chairman, D. R. Francis; Pres., John
Scullln; V.-P., Geo. L. Sands.— (V. 8 6 , p. 857; V. 93, p. 1106.)
MISSOURI OKLAHOMA & OULF RY.— Owns and operates 229 72
miles of main track and 20.6 miles of sidings extending from Wagoner to
Denison, via Muskogee and Henryetta; trackage Denison to Sherman, 1014
miles. Branches, Dewar to Coalton, 5 m., and Arkansas Junction to
Lowerree, 2.4 m. Extension from Wagoner, Okla., to Joplin, Mo., 120 m.,
under construction In June 1910. Extension from Henryetta to Oklahoma
City, 102 m., was let in Aug. 1911, the Oklahoma City Term. Ry., with
$75,000 auth. stock being Incorporated to build the terminal. V. 93, p. 469.
Its steel bridges over Verdigris and Arkansas rivers are used as toll bridges.
STOCK.— Authorized, $10,000,000; outstanding, $5,610,500; par, $100
BONDS secured by absolute first mtge. on entire property now owned
or hereafter acquired, limited to $25,000 per mile, to be Issued upon com
pletion of 5-mlle sections. They are subject to call at 107 anil Interest
after Nov. 1 1909 on 6 months’ notice. V. 8 6 , p. 1043. In July 1910
$5,610,500 had been sold. Interest, It Is stated, Is guaranteed during con
struction and for two years after completion of entire system by Wm. Keneflek (Construction) Co. of Kansas City, Mo. V. 8 8 , p. 6 8 6 ; V. 90, p. 977,
1171, 1363. The M. O. & G. Ry. of Texas 5s ($1,000,000 authorized Issue)
guaranteed by the M. O. & G. Ry., are secured on the line between Red
River and Denison, Tex., 9 miles; bridge over the Red River under con
struction, and any additional lines to be built In Texas, being Issued by a
separate co., to meet legal requirements. V. 91, p. 1328; V. 93. p. 1022.
In May 1911 arranged to sell in France $7,000,000 bonds under a new
mortgage, the proceeds to be used for extensions amounting to about 200
miles. V. 92, p. 1500.
OFFICERS.— Pres., Wm. Kenefick, Kansas City, Mo.; V.-P. and Treas.,
W. P. Dewar; Sec., E. It. Jones. General offices, Muskogee, Okla.—
(V. 90, p. 1363; V. 91, p. 1328; V. 92, p. 1500; V. 93, p. 469, 1022.)
Rate
%
When
Payable
[VOL.
LXXXXIII
Last Dividend Places Where Interest and
and Maturity
Dividends are Payable
$6,000,000
5 g A & O Oct 1 1911
5,610,500
5 g M & N Nov 1 1944
Sec text
5
1941
550.000
6 g M & N Nov 1 1944
See text
100 83,251,000 See text J & J Jan 3"0 1908 2 )j
1,000 6,996,000
4 g F & A Aug 1 1938
1,000 2,573,000
5 g J & J July 1 1938
500 &c
800,000
5 g M & N May 1 1938
500
237,500
4H g A & () Oct 1 1938
1,000 3,828,000
4
M & N July l 1938
500 &c
650,000
F & A Aug 1 1920
5g
1,000 14,904.000
6 g M & N Nov 1 1920
1,000 14,375,000
5 g M & S Jan 1 1917
1,000 9,636,000
5 g F & A Aug 1 1920
500 &c 3/,255,000
4 g M & S Mcli l 1945
1,000
520,000
5 g ,J & J July 1 1926
• 1,000
806,000
5g
M & S Mch 1 1926
100 &c 1.024,000
5 g J & J Jan 1 1933
1,000 2,500,000
4 g J & I) June 1 1948
1,000 3,459,000
F & A Feb 1 1919
4g
1,000 &c 3,972,000
F & A Feb 1 1938
0g
100 &c 29,806,000
5 g M & S Sept 1 1959
1,000
500,000
F & A Aug 1 1951
5g
1,000 20,000,000
5 g J & D June 1 1914
1,000
203,000
5g
Q— M Sept 1912
1,000
97,000
5g
<4—M Mch 1 1912
1,000
504,000
5g
Q —M To June 1913
1,000
357,000
5g
O —M To Dec 1914
1,000
1,034,000
5g
Q —M To Dec 1916
1,000 2,010,000
5 g M & N May 1912-1917
Cos” and V 9 2,p 883.
5100 &c
Consolidated mortgage of 1910 Is limited to $125,000,000; $60,000,000 re
served primarily for refunding and the remainder are issuable only under
r,cis, ro, r S v.’1’1*? bonds were on June 30 1911 secured by the pledge of
$11,081,000 bonds and 54,085,500 stocks, Including $4,440,000 M. K & 9'.
Term. Co. of St. Louis 1st 5s, 56.039.000 M. K. & T. gen. 4 Y s. $1,305,000
lexas Central pref. and $2,662,300 common stock, and by a lien on the
ot the
K - & T - subject to existing liens. In May 1911 $41,
131,000 consols had been authorized to be Issued, of which $10,452,000 had
b?^nnl,SnH{kd^ d.aeposIt,e4l uncler the 2-year 5% gold notes (see below), sale
of 100,000,000 francs (French series) still pending Oct 1911
V 92. p.
725, 795; V. 90, p. 1491; V. 91, p. 336; V. 92, p. 1179, 1375, 1500.
1• In March 19il sold 512,850,000 2-year 5% secured gold notes (total
authorized Issue $16,000,000), dated May 1 1911, to take up $10,000,000
notes called for payment May 1, and equipment and improvements, secured
by deposit of 516,452,000 consol. 5s. The remaining 53,500,000 notes are
reserved against deposit of an additional amount of consols taken at 77 Y %
of their par value. V. 92. p. 726, 795, 882.
GUARANTIES.— Boonvllle Bridge 4s, see V. 73, p. 4 9 4 .
M . K . & T. of Texas mtge., 510,000,000, see guaranty. V. 56, p. 604.
The Southwestern Coal & Improvement Co.'s bonds are guaranteed. Mort
gage ($1,000,000) covers coal lands in Indian Territory; the company also
owns 2,350 acres additional, Den. & Wash. Ry., 47 miles, mines, &c.
LATEST EARNINGS.— For 2 months ending Aug. 31;
2 Mos.—
Gross.
Net.
Other Inc.
Charges.
Balance.
1911 .............$4,535,697 $642,867 $666,188 $1,058,131 def.$391,943
1910 ---------- 4,437,970
896,841
934,115
979,667
def.45,552
AN N U A L REPORT.— Annual meeting first Thursday after first Monday
In April. Report 1910-11 was given at length In V. 93. p. 937, 951.
Year ending June 30—
1910-11.
1909-10.
1908 09.
3,377
3,072
3,072
Average miles..................................
Gross earnings----------------------------$29,065,294 $26,559,346 $25,300,915
Operating expenses and taxes_______ 21,612,165 20,198,967 18,634,715
• Operating Income............................$7,453,129
Net income................................
57,878,218
Interest on bonds............................. $4,848,290
Other interest, & c..........................
453,550
Rentals......... .....................
803,732
Hire of equipment...........................
.........
Dividends on preferred stock (4 % )..
520,000
Amount
Outstanding
BO ND S.
St Louis Union Trust Co
do
do
do
165 Broadway.New York
Bankers Trust Co, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
New York
New York
New York
Equitable Trust Co, N Y
do
do
do
do
do
do
do
do
Knickerbocker Tr Co,N Y
(1) (MISSOURI PACIFIC RY. — (See Map.)— Operates an important sys
tem extending westerly and southwesterly from St. Louis, Mo., Including
main lines from St. Louis to Omaha, Neb., 494 m., and from Kansas City to
t J,,, 1 r* Cov; “ 24 m., with many branches I11 Kansas, &c. Through the St.
j'JPVtu >Sn ^ . * Southern, which It controls, connection Is had with Texas
5ndJL“ e “ I108 ° f the Tex. & Pac., Internet. & Gt. Northern and the St. Louis
southwestern, the whole forming what Is known as the “ Gould System.”
Lines Owned—
Miles.] Leased Lines, &c.—
Miles.
V? ° maha......... ....... 4941Boonvllle St. Louis & Southern 44
58
Kan. Cy., Mo., to Pueblo, Col._ 624 Trackage to St. Joseph, &c----Other main line and branches..2,6631
------..
. , „
|Tot. Mo. Pac. & branch lines..3,883
„ A lsp controls St. Louis Iron Mtn. & South, and leased lines, 3,288 miles.
Grand total Missouri Pacific mileage June 30 1910. 7,171 miles.
.
Jur)p, 1611 acquired the Boonvllle St. Louis & Southern Ity., Boonvllle
es’ Af0-> 44 miles, formerly leased. V. 92, p. 1701: V. 93, p. 229.
t
NTlssourl Pacific Ry. Co. owns about 40% of the stock of the Denver
, ,t.ii °,;JraJ?de HR. Co., the latter extending from Pueblo to Salt Lake City,
while the D. & It. g . RR. Co. owns a majority of the stock of the Western
Bac. Ry. Co., whose line, extending from Salt Lake City to San Francisco,
was completed,Inll910, making a line from St. Louis to San Francisco.
,, ORGANIZATION.— Merger In 1909 of old Missouri Pacific and branches.
V. 85. p. 1646; V. 89, p. 348; V. 91, p. 1705.
DIVS.l ’82. ’83-’87. ’88. ’89. ’90. ’91. ’92-’00. ’01. ’02-’07.
1908. None
Per.ct.J 6M 7 yly. 5 M 4
4
3
None. 214 5 yly. 214 stk. since.
BONDS.— The consol, mortgage Is for $30,000,000; balance unissued is in
trust to redeem prior bonds If deemed best. Abstract In V. 47, p. 287.
Ihe collateral trust bonds due 1917 (Union Trust Co. of New York, trustee)
are secured by mortgage bonds of new roads at $12,000 or $15,000 per mile;
these embracing the line from Fort Scott, Kan., to Pueblo, Colo., &c. For
securities pledged, &c., see V. 46. p. 678.
The 4s of 1905 are limited under the "first and refunding” mortgage to
the 537,255,000 outstanding; they are secured by an equal amount at par of
Iron Mtn. stock. Compare V. SO, p. 712; V. 86, p. 1344: V. 89. p. 1347.
3 he first refunding mortgage of the Kansas A Colorado Pacific made In
1908 (V. 86, p. 229, 286; V. 88, p. 452) is limited to 550,000.000 (at not to
exceed 530,000 p. m., Including 515,544 p. m. of prior underlying bonds);
520,687,000 bonds secured thereby were Issued, but of these 516.715,000
have been pledged under the new Missouri Pacific “ first and refunding”
mortgage; $23,532,000 to retire underlying bonds of constituent companies
at present held by trustee of Mo. Pac. Ry. coll, trust 5s ot 1917 and 1920;
$6,781,000 reserved for exten. or lmprovt. V. 90, p. 1171: V. 91, p. 337.
The “ first and refunding” bonds of the Missouri Pacific Ry. Co., dated
1909, are limited to a total ot $175,000,000, bearing Interest to be fixed for
successive Issues at not to exceed 5% , and, It desired, with conversion rights.
See circular, V. 89, p. 1347. The Issue will be subject to call at 110 and
Interest on any Interest day beginning Sept. 1 1917, either as a whole, or In
amounts equal to the pledged St. L. Iron Mt. & Sou. bonds In case these
last should be redeemed. The immediate Issue consists of 529,806,000 5%
, Series A bonds convertible at face value at holder’s option Into stock at
par from Sept. 1 1912 to Sept. 1 1932, and within such period un to 30 days
of date of redemption, If called for payment. See “ General Finances.”
Total Authorized Issue of 5175,000,000 First and Refunding Bonds.
Issued as Series A 5% convertible bonds (1) $19,700,000 upon
deposit of a like amount of underlying bonds (including
51(5,715,000 of the $20,687,000 Kan. & Col. Pac. bpnils here
tofore certified, thus providing for payment of lloatlng debt
and not less than $4,653,000 for Improvements; (2) $5,300,
000 to acquire St. L. I. M. & So. Improvement bonds, and
(3) 54,806.000 for acld’ns, betterments, &c. (V. 90. p. 1296) $29,806,000
Reserved to refund a like amount of underlying bonds________ 66,293,000
Reserved to provide premiums, &c.. If required In refunding__ 4,640,500
Reserved to retire a like amount of equipment obligations___
6,500,000
Reserved (together with any bonds not required for refunding)
for extensions, betterments and equipment and bonds secured
by first mortgage on union depots, stations and terminal fa
cilities under careful restrictions (see note below)................ 48,060,500
Reserved to acquire St. L. I. M. & Sou. 5% Improvement bonds 19,700,000
Note.— Bonds converted Into stock and canceled, but only to an aggre
gate of $40,000,000, may be re-lssued for additions, equipment, &c.
The Issue Is secured by a direct lien on 3,779 miles first main track and
952 miles of other track, subject to $66,293,000 underlying bonds also
subject to certain underlying bonds on the entire equipment valued at
518,621,297, and all other property now owned or hereafter acquired; also
by pledge of the new 50-year 5% St. L. I. M. <5t So. Improvement bonds
fllmlted to $25,000,000) as Issued, of which $5,300,000 to be deposited at
once, having a first lien on 228 miles of first main track anil a direct mortgage
subject to existing Hens on 2,902 miles of first main track, constituting
practically the St. Louis Iron Mountain & Southern system.
They are a first lien at once on 165 miles of first main track and after
retirement, on or before Nov. 1 1920, of 543,025,000 of the underlying bonds,
on at least 3,079 miles of the present mileage of 3.779 miles by a direct
mortgage on 1,712 miles thereof, and deposit.of at least S38,441,000 of a
total limited to $43,219,000 bonds secured by first mortgage on 1,367 miles
No underlying bonds In hands of public can be extended.
, The $20,000,000 3-year 5% gold notes of 1911 ($25,000,000 authorized
Issue) are secured by deposit of 510,000,000 Mo. Pac. 1st & ref. 50-ycar 5s
•Ser. B (non-convcrtlblc), $8,500,000 St. L. I. M. & So. 3-yr. 6% gold notes
due June 1 1914, 5 9 ,80 0 ,0 0 0 common and 515,000,000 Denver tc Rio Grande
pref. stock and $5,000,000 Texas it Pacific common stock. The collateral
may be withdrawn against valuations fixed In the agreement or changed
with the written assent of Speyer & Co. The St. L. I. M. & So. cannot
Issue any additional bonds, notes or evidence of debt without the approval
of Speyer & Co. The remaining notes arc reserved against the deposit of
additional 1st & ref. bonds equal In amount to one-half thereof and such
additional collateral as shall be approved by Speyer & Co. V. 92. p. 1436.
„ GENERAL FINANCES.— The company on June 30 1910 owned 52,000,
000 Wabash RR. pref. stock and the St. Louis & Iron Mtn. $7,826,200 pref.
Oct ., 1911.
N
E%W
i/i
R A IL W A Y
STOCKS AN D
BO ND S.
87
88
R A IL W A Y
RAILROAD COMPANIES.
[For abbreviations, dec., see notes on first panel
Mo Pac System— St Louis Iron Alt & Southern Ry—
Gen cons A first guar mtge (545,000,000) g._ Ba.c*
tt ,2 . o
£°ld stamped guar prln & Int
c*
Unifying & refund M gold $40,000,000-.Mp.xc’ Ar
River & Gulf Dlvs 1st M 150,000,000 g.Ba.xc’ Ar*
Improvement mtge $25,000,000 gold______________
Car trusts ser N to P, $355,000 or $357,000 yearly.
do
do Ser It to U, part yearly_________ .___
do
do
gold $366,000 June yearly.Ba.c&r
Little Rock June 1st M assumed___________ Ba.c’
Pine Blull & West 1st M assumed red 10 years 105. .
Little Rock & Hot Sp IstM gold assumed___ SSt
St L Watkins & Gulf 1st M g & £ assumed______F
Mobile & Birmingham RR— Prcf stock ($900,000)___
Prior lien gold $600,000........................... _Ce.c
First mortgage $1,200,000......................... Ba.c
Mobile & Ohio— Stock_____________________________
First M Mobile to Columbus (principal gold)__ F.c*
First M exten Columbus to Cairo A branch g__ F.c
General mtge for $10,500,000 (now gold) s f. F.c*
Montgom Dlv 1st M $4,000,000 g( V 66, p 1045)Ce.c*
St L & Cairo coll tr g ($2,500,000) call par.
.G.c*
St Louis A Cairo 1st M gold Interest guar.. __ ._c
-Mobile & B Sh 1st M $200,000 assumed gold. .F.c*
1st term and coll tr M $1,200,000 g due $60,000 s-a.
Mobile Terminal & Ry— 1st M $500,000 g red 105___
Moh & Mai— 1st M $15,000 p m g g u p & l (end) _ K c*
Consolidated mortgage $10,000,000 gold, G.c’ Ar
Monongahcla RR— First M $1,500,000 Joint guaranty.
Monongahcla River RR— Bonds—See B A O RR
Montana Wyoming & Sou— 1st It g red 110 text Em*
STO CK S AN D
Miles Date
Road Ronds
Par
Value
Rate
%
1.538 'Sl-’87
$1,000 $37,124,000
5g
1.538
1,000 6.074.000
5S
1,543 1899
1,000 30.529.000
739 1903 1,000 &c 33.048.000
■1?
1909
5.300.000
1903
1,000
406.000
Is
’05-’06
1,000
1.393.000
5
1907
1.000 2.196.000
5g
2 1891
1,000
435.000
6
44 1903
1,000
880.000
5g
53 1899
1,000
1.140.000
100 1902
$&£
983,360
is
100
900.000
4
150 1895 200,1000
600.000
150 1895 200,1000
1.200.000
S'
100 6,070,600 See text
472 1879
500 Ac
7.000.
0006
527 1883
1,000
1.000.
000
6g
527 1888
500 &c 9.472.000
4g
189 1897
1,000 4.000.
0005 g
1900
1,000 2.498.000
4g
159 1886
500 Ac 4.000.
0004 g
38 1899
500 Ac
200,000
5g
1911
1.140.000
5g
1910 ' ' l’ OOO
250.000
6
e
182 1892
1,000 2.500.000
4g
1902 1,000 Ac 3.900.000
3H
g
'37 1902
1,000
1.372.000
3 «g
33 1909
1.000
and $2,826,200 com. stock and $2,913,200 first refunding and extension
mjnds. Sec Wabash RR. Stockholders In Jan. 1910 subscribed for $29,
806,000 Ser. A. convertible "first and refunding” 5s at 95, to provide for
floating debt, lmprov’ts and add'ns. V. 89. p. 1347; V. 90, p. 771.
The mortgage debt upon lines securing the new “ first and refunding
mortgage, after the Issue of the $29,800,000 Ser. A bonds. Including all
outstanding underlying bonds, was at rate of about $25,500 per mile
of main track, exclusive of the security to be aflorded by pledge of at least
$5,300,000 bonds of St. Louis Iron Mountain A Southern.
Early In 1911 new Interests, Including Speyer A Co., John D. Rockefeller,
Blair A Co. and the Deutsche Bank entered the board. V. 92. p. 462,
726, 795, 1109. In May 1911 $20,000,000 3-year 5% secured gold notes
were sold. V. 92, p. 1436. In June 1911 Dcnv. & Rio Grande dividends
were temporarily suspended. V. 92, p. 1636.
EARNINGS.— 1 month,11911______Gr ss, $4,436,549; net, $688,672
July 1 to July 31.
J1910______Gross, 4,139,735; net, 839,551
A N N U A L REPORT.— Fiscal year ends June 30. Preliminary statement
for 1910-11, V. 93, p. 793. Report for year end. June 30 1910, In V. 91, p.
1705. Annual meeting Is held at St. Louis In March. Report of earnings
of Missouri Pacific System have been as below. Including predecessor com
panies of present Mo. Pac. prior to Aug. 9 1909. “ Other Income” In 1909-10
Includes: Wabash 1st ref. and ext. mtge., $110,520; Pacific Express Co.,
$384,000: Denver & Rio Grande. $490,250, &c.
1910-11.
1909-10.
1908-09.
1907-08.
Miles operated, average7,235
6,775
6,489
6,479
Total earnings_______ .$52,776,593 $53,019,137 $46,385,543 $44,238,703
Net earnings----9,446,656
15,471,765 12,459,030 12,592,415
Other Income, Ac______ 1,809,557
1,893,731
1,694,043 2,875,298
Total net Income_____ $11,256,213 $17,365,496 $14,153,073 $15,467,713
Interest and rentals_____$12,124,455 $10,789,722 $9,380,307 $9,145,189
Taxes -------------------1,983,789
1,903,004 1,715,758
1,644,057
Sundry accounts_______
2,380,508
1,913,358
1,992,499
1,692,751
Balance----------- _ _ .def.$5532539sur.$275941 lsur.$1064509sur.$1050506
Pres., Benjamin F. Bush; V.-P., II. I. Miller; Sec. and Treas., A. H. Calef.
Directors— George J. Gould (Chairman), James Speyer, II. I. Miller,
Edgar L. Mars ton, E. I). Adams, Edwin Gould, Edward T. Jeirery, Fred.
T. Gates, Klngdon Gould, New York; E. B. Prvor, S. F. Pryor, St. Louis;
It. Lancaster Williams, Balto., Md. N. Y. office, 165 li’way.— (V. 92, p
1109, 1179, 1375. 1436, 1636, 1701; V. 93. p. 229, 527, 731. 793.)
PACIFIC SYSTEM— ST. LOUIS i r o n m o u n t a i n &
SOUTHERN RY.— (See M ap.)— Owns St. Louis to Texarkana, Tex. Line
490 miles; branches to Belmont, Mo., Bird’s Pt., Mo. (Cairo), Camden,
Ark., Helena, Ark., Cushman, Ark., Arkansas City, Ark., Warren, Ark.,
Memphis, Tenn., <Scc.; Houston Central Arkansas & Northern Ry., McGhee,
Ark., to Alexandria, La., 262 m.; White River branch, Illinois Division,
Memphis Helena A Louisiana, East A West Illinois Ity., 1,544 m.; various,
o22 m.; total owned July 1 1910, 3,130 m. Trackage. 158 m. Total
operated July 1 1910, 3.288 miles. In Feb. 1911 leased Cairo & Thebes
Ity.. 25 miles, for 99 years. V. 92, p. 528.
The stockholders voted Feb. 2 1910 to (1) purchase the Arkansas Mid
land. Little Rock A Hot .Springs Western, Little Rock Junction, Pine
Bluff & Western, St. Louis Watkins & Gulf, Arkansas A Louisiana and other
roa<|s; <2) Increase the authorized stock from $130,000,000 to
$190,000,000, and (3) authorize an Issue of 5% Improvement gold bonds
limited to $25,000,000. to be deposited, as Issued, under the Mo. Pac.
‘ first and Improvement" bond Issue described above. V. 89, p. 1543.
Owns $23,668,000 of the $24,984,756 Texas A Pacific seconds exchanged
for 65% In gold 4s. See "Bonds” below.
STOCK.— Stock authorized. $190,000,000; Increased from $130,000,000
In July 1910; outstanding, $44,396,573, of which $44,336,600 June 30 1910
owned by Missouri Pacific. See below.
DIVIDENDS.— 1902 to 1904, 10% yearly; 1905, 7%; fiscal year 1905
06, 14%; 1906-07, 10%; 1907-08. 5%; 1908-09, 4%; 1909-10, 6%.
BONDS.— General consolidated mortgage is for $45,000,000. Nos.
11.001 to 18,000 Inclusive are endorsed with the Missouri Pacific guaranty of
principal and interest; form of guaranty was in V. 56, p. 650; they are a
first lien on 1,538 miles. V. 68, p. 85, 233, 520; V. 78, p. 704, 1224.
The gold 4s of 1899 (first Issue $30,000,000) may be Increased not over
$10,000,000, at $12,000 per mile, for construction or acquisition and equip
ment of branches and extensions. They are secured by a Hen (subject only
to the general consols) on all the railroads, terminals and equipment of the
company owned at the time of the making thereof and also a first and only
Hen on all stocks and bonds formerty embraced In the trust of the gold fund
ing note Indenture, all leased and branch lines, or their bonds and stocks
acquired by the loan, and $23,668,000 Texas A Pacific seconds, future exten
sions. Ac. V. 68. p. 019; V. 70, p. 997; V. 74, p. 206: V. 78, p. 704. 1224.
There are also $37,905 first pref. 7% Income bonds dated 1879.
The original $20,000,000 River A Gulf Divisions 4s of 1903 were secured
by a first lien on 678 miles of road built or under construction (see above)
and on terminal property at St. Louis, East St. Louis, Cairo and Thebes,
and 8,000 acres of coal lands In Illinois, and deposit of the bonds of the
Union Ry. of Memphis. Additional bonds may be Issued up to a total of
$50,000,000, at not over $30,000 per mile of main line, for new construc
tion and $15,000 per mile of second track and branches, but not exceeding
the actual cost, and for additional terminals, equipment, double tracks, &c.
V. 76. p. 543, 600, 1085; V. 77. p. 1875: application to list, V. 77, p.
2036, 2049; see also V. 85, p. 222; V. 86. p. 230; V. 87. p. 167: V. 89. p. 105;
V. 90, p. 850; V. 91, p. 39. Pine Bluir A West. 5s, see V. 78. p. 103, 769.
The Improvement 4s of 1909 ($25,000,000 auth. issue), of which $5,300.
000 were Issued at once, will be used for Improvements, additions, Ac.
They will be pledged under Mo. Pac. "first A refunding" mtge. V. 89,
p. 1349, 1543. The $8,500,000 3-year 6% gold notes dated June 1 1911 are
deposited under the Mo. Pac. 3-year note issue. V. 92. p. 1437.
EARNINGS.— 12 mos., (1910-11 Gross, $28,567,820; net, $7,986,764
July 1 to June 30.
J1909-10 -Gross, 26,916.890; net, 9,298,527
Amount
Outstanding
900.000
[VOL. LXXXXIII.
BONDS.
5g
When
Payable
Last Dividend Places Where Interest and
and Maturity
Dividends are Pagable
A
A
J
M
A O Apr 1 1931
Bankers Trust Co, N Y
A () Apr 1 1931
do
do
A J July 1 1929
do
do
A N May 1 1933
do
do
1959
Q— M To June 1913 Townsend, Whelen A Co
Q—M To June 1917
do
do
Q— M To June 1917 B’lcersTrCo, N Y or Phila
A A O Apr 1 1916
Bankers Tr Co, N Y
A ' A O Oct 1 1923
New York and St Louis
J A J July 1 1939
St Louis and Philadelphia
J A J June 1 1930
Farmers L A Tr Co, N Y
J A J July 1 1911 2% JPMorgan ACo.N Y, ALon
J A J July 1 1945
J P Morgan & Co, N Y
J A J July 1 1945
do
do
See text June 27 ’ 11,4% Washington, D C
J A I) Dec 1 1927
Farmers L A Tr Co, N Y
Q— Jan July 1 1927
do
do
M A S Sept l 1938
Gallatin Nat Bank, N Y
F A A Feb 1 1947
Gallatin Nat Bank, N Y
Guaranty Tr. Co., N. Y .
rQ— F May 1 1930
J A i J Jan 1 1931
Farmers Loan A Tr, N Y
M A N May 1 1949
First Nat Bk, Mobile, Ala
F A A 15 To Feb 15 1921 Guaranty Trust Co, N Y
M A S Sept 1 1935
Mobile and New York
M A S Sept 1 1991
Knickerbocker Tr Co,NY
M A S Mch 1 2002
Grand Cent Station, N Y
A A O Oct 1 1942
Treas. office, I’Ittsb, Pa
M A
S Sept 1 1939
Empire Tr Co, N Y
REPORT.— For 1909-10 In V. 91. p. 1706.
Years ending June 30—
1909-10.
1908-09.
1907-08.
Miles operated end of year__________
3,288
2,609
2,599
Gross earnings--------------------------- $26,916,891 $23,242,235 $21,793,294
Net earnings------ -------- --------- 9,298.528 7,424,035
6,797,606
Other receipts....... ............
571,519
002,597
1,505,557
Total net income------------------------ 9,870,047 8,026,632
8,303.163
Interest on bonds----------------------- 5,116,301
4,616,952 4,577,455
1 axes, bridge expenses, rentals, &c-. 1,606,490
1,607,524
1,367,556
Dividends_______________ _______ (6)2,603,467 (4)1,775,645 (5)2,219,556
surPlus f ° r year...............
$483,789
$26,511
$138,596
— (V. 90, p. 504. 850; V. 91, p. 39; V. 92, p. 528, 726, 1437, 1501.)
MOBILE & BIRMINGHAM R R. — (.See Map Southern R y.)— Mobile to
Marlon Junction. Ala., with branches, 150 miles. Leased to Southern Ry.
from March 1 1899 for 99 years, the latter agreeing to meet the Interest on
bonds and to guarantee a dividend on the $900,000 pref. stock of 1% for
Ur , y,(’ar■ 2% for second year, 3% for third year and 4% for fourth year
and thereafter. Of the $900,000 common stock, $893,400 Is owned by
Southern Ry., and voting power on pref. assigned to Southern Ry. during
lease. V. 68, p. 429, 1134; V. 69. p. 391; V. 71, p. 1013.— (V. 72, p. 137.)
•MOBILE J ACKSON’ &TKANSAS CI TY. — See New Orl. Mob. A Chicago.
MOBILE & OHIO R R.— (See Map Southern Ry.)— Owns from Mobile,
Alii., to Columbus, Ky., 472 m., proprietary line, Kentucky A Tenn. RR.
to East Cairo, 19 m.; branches to Columbus, Miss., Ac., 34 m.; Columbus,
Miss., to Montgomery, Ala., 167 m.; Mobile A Bay Shore Branch, 38 m.;
with Warrior Branch, 9 m.; Warrior South. Ry. (all stock and bonds
owned). Tidewater, Ala., to Kellcrman, 14 m.; Blocton Branch, 13 m.: total
owned, 766 m.; St. Louis & Cairo (leased), Cairo to St. L., 152 m., with br.
to Mlllstadt, 7 m.; trackage, 189 m.; total Juno 30 1911, 1,114 miles.
• DIVIDENDS.— 1898, 1%; 1903, 2%; June 1904. 2%; 1905, 6%; 1906.
5H % ; 1907, 5%; 1908, 4%; 1909. June. 2 6 % ; 1910 and 1911, June. 4%,
In 1911 the Southern Ry. had acquired $8,141,000 of the $9,472,000
general 4s and $5,670,200 of the $6,070,600 stock. Issuing, $ for $, Its col
lateral trust 4% gold bonds In exchange for the M. A O . general 4s, secured
by a pledge of the latter and also stock trust certificates for Btock, dividends
being payable (A. A O.) at 4% In perpetuity thereafter.
STOCK.— Stock authorized, $10,000,000: outstanding, $6,070,600; par,
$100. The voting power on $4,984,200 of the stock Is exercised by the gen
eral mortgage bondholders by virtue of deposit of old debentures of 1879.
BONDS.— Under the general mortgage of 1888 there can be no foreclosure
till four coupons are In default. Mortgage abstract, V. 47, p. 83. V. 60, p.
967. Int. on $4,000,000 St. Louis A Cairo 4s Is guaranteed. The 5%
equip, notes dated Oct. I ’07 are guar, by Am. Car. A Fdy. Co.; V. 84. p.996.
Of the $2,500,000 collateral trust 4s of 1900, $2,105,000 were Issuable In
exchange for the $0,500,000 St. Louis A Cairo stock. See V. 70. p. 532.
In 1910 $6,495,000 stock had been exchanged.
First term. M. and coll, trust 5s of 1911, see V. 92, p. 119.
Equipment Trusts.
Outstand'g. Rate.
Mature in Installments.
" A ” and “ B "............... ..$998,000 5
To 1919
"D ” 1905 ______________ 267,000 4
Jan. '12-JuIy ’ 15. $34,000 s.-a.
“ E” 1906 ______________ 411,000 4 M Mch. ’ 12-Mch. ’ 16, $45,000 s.-a.
1907, guar. (V. 8-4, p. 996) 554,000 5 Apr. ’ 12-Oct. ’ 14, part s.-a.
Joint equip, notes, 1902-- 28,500 4
To Dec. .15 1912
EARNINGS.— 2 mos., (1911.............Gross, $1,793,904; net, $461,254
July 1 to Aug. 31.
11910............ Gross
1,758,594; net. 480,736
REPORT.— Report for 1910-11 In V. 93, p. 1101 (oper. independently)
Years ending June 30—
1910-_11._ 1909-10L_
1908-09.
Total operating revenue. . ..... ........ $11,197,347 $10,636,733 $9,727,727
Net over taxes______________
2,988,242
2,902,902
2.865,976
Net, Including other income. __ —
3,218,430
3,132,782
3,068,584
Interest, rentals, Ac______
2,004,581
2,580,195
2,631,146
Dividends paid____________________ (4)242,824 (4)242,824 (5)301.030
Additions and betterments.............
8,335
28,432
19.446
Balance, surplus....................... .
$362,690
$281,331
$116,962
— (V. 90, p. 503, 1614; V. 91. p. 1026, 1156; V. 92. p. 118, 396, 462, 1022,
1101.)
MOBILE TERMINAL & R Y — Owns 24 acres fronting 700 feet on Mobile
(Ala.) harbor. Stock, $500,000; par, $100. The 1st gold 6s of 1910
($500,000 auth. issue), of which $250,000 outstanding are guaranteed,
prln. and Int.. by the Alabama Tennessee A Northern and Tomblgbee
Valley RRs. V. 91, p. 717. • Pres., John T. Cochrane.— (V. 91, p. 717.)
MOHAWK & MALONE RR.— (See Maps Nete York Central.)— Owns
from Herkimer, N. Y., to Malone, with branches, 182 miles In all.
HISTORY, LEASE, Ac.— New York Central owns the $5,000,000 stock
on which dividends of 4% yearly are paid. In 1902 a new lease In per
petuity was made and $10,000,000 3$i% consols authorized, of which $2 500,000 reserved to retire at maturity the first mtge. bonds and $3,600,000
for Improvements and enlargements.— (V. 74. p. 630, 830, 937.)
“ MONON.” — See CHICAGO IN D IAN A PO LIS A LO UISVILLEJRY.
MONONGAHELA RR.— Brownsville, Pa., to Redstone Jet., 37 miles,
connecting with the Pittsburgh A Lake Erie and Pittsburgh Virginia A
Charleston (Penn. syst. lines), which guarantee the bonds (see B. A O. RR.),
prln. and Int., by endorsement. Two branches opened In 1911, 4 u miles!
Stock, $1,428,000; par, $100. Penn. RR. and Pittsburgh A Lake Erie cacti
own $714,000 stock. Penn. RR. on Jan. 1 1911 owned $654,000 of the
bonds. Cal. year 1910, gross, $1,456,087; net, $694,840; charges, $264,594.
MONTANA WYOMING & SOUTHERN RR.— Owns from Brldger, Mont.,
on Northern Pacific, to Belfry and westerly to Bear Creek, about 33 miles,
serving a coal district: also Brldger, Mont., to Clark's Ford 30 m. Stock
outstanding, $1,000,060. Of the 1st gold 5s, $900,000 have been issued
Oc t ., 1911.]
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations, &c., see notes on first page]
STOCKS AN D
M iles Date
Road Bonds
Montgomery & Erie Ry— 1st M (old 7s extended ln’86)
Morchcad & North Fork RR— 1st M gold___________
Morelia & Tacambaro— First M goldtsee text) -Usm.c
55
Morgan’ s La & Texas— First M (N O to Morg C) -F.c
102
First mortgage Alexandria Extension g o ld ...
l
157
^General mortgage____________________________ p
204
Morris & Essex—Stock 7% guaranteed D L A W
'
First mtge guaranteed under lease__
Ba cAr
119
Cons M (for $25,000,000) guar D L & W ._.U s.c*A r
119
• First ref M gold $35,000,000 guar pAi (end) .F.c*&r
119
• weal estate mortgage bonds________________
•’’’ Morris A Essex extension stock guaranteed 4%
2
Morristown & Erie— First M $300,000 g s f red at par
Mt Carbon & Port C RR— Stock (rental guar) text
Mount Hood RR— 1st M $500,000........... ..........
Munising— First mortgage g o ld ..___________
38
Muscatine North & South— 1st M $1,000,000 auth.
CC
N otes_________________________________
Muskegon Grand Rapids & Indiana— First M gold" Ce
37
Mutual Terminal— 1st M gold s f red 102 )4 .G.c*
Nashua & Lowell— Stock 9% rental 92 years B & M
15
Nashville Chattanooga & St Louis— Stock............
First mortgage (for $6,800,000)..........
_c*&r
340
First M on Fayette and MoM brs ($6,000 p m) .c*&r
125
First mortgage on Lebanon Branch.......
c‘
29
First mortgage on Jasper Branch....................Cc.c
43
First mortgage on Centrevillc Branch goId.Ce.c’ Ar
46
1st M Tracy Cy Br due $20,000 yly; rem 1917.c»Ar
20
Cons mtge ($20,000,000) $20,000 p m gold.._Us.c*
803
Nashville & Decatur— Stock guar 7 )4% by L A N
119
Nashville Florence & Sheffield—See Louisville & Nash vllle
Nashville Terminal— First mtge gold Int rent red 105
• New mortgage $3,000,000 authorized................... N
National Railways of Mexico—
Com stock $75,000,000 U S g or 150,000,000 Mcx pcs
First pref stk $30,000,000 4% n-c (also as to assets)
2d pref stk $125,000,000 5% n-c (also as to assets)
1866
1908
1903
1878
1880
1893
1864
1875
1900
Var
1903
1907
1900
1910
1911
1886
1904
1873
1877
1877
1883
1883
1887
1888
1902
1909
Amount
Outstanding
Pa r
Value
BONDS.
Rate
When
Last Dividend
and M aturity
Payable
%
$130,000
5
$1,000
M
373,000
F
1,000
5g
1,200,000
1,000
5g J
7
A
1,000 5,000,000
1,494,000
1,000
6g J
5
1,000,000
J
1,000
7
J
50 15,000,000
7
M
250 Ac 5,000,000
7
J
1,000 11,677,000
1,000 13,600,000
3)4 g .1
1,800,000
4)4 J
4
M
221,000
100
M
300,000
1,000
5£
5
282,350
J
50
6
J
320,000
160,000
4g A
1.000
See text
5
6
425,000
J
750,000
5 g
1,000
1,000 3,545,000
4g J
800,000 Sec text M
100
100 10,000,000 6 in 1911 F
J
7
1,000 6,300,000
J
750,000
6
1,000
300,000
J
1,000
6
J
371,000
1,000
6 g
376,000
1,000
6g J
J
200,000
6
1,000
7,608,000
1,000
5g A
J
7 )4
25 3,553,750
1,000
89
A
A
A
A
A
A
N May 1 1926
A Feo 1 1958
.1 Jan 1 1943
O Apr 11918
J July 1 1920
J July 1 1913
A
J July 1 ’ 11,3)4%
A N May 1 1914
A n June 1 1915
A D Dec 1 2000
A j Jan 1 1912
A N Nov 1 ’ l l , 2%
A
S Sept 1 1923
A J July 15’ 11,2)4%
A J Jan 1 1927
A o Oct 1 1925
Jan 1 1935
1914
A J July 1 1926
A
J July 1 1924
A N Nov 1 ’ l l , 5%
A A Aug 1 1911, 3%
A J July 1 1913
A .1 Jan 1 1917
A J Jan 1 1917
A
J Jan 1 1923
A J Jan 1 1923
A
J Jan 1912 tol917
A O Apr 1 1928
A J Julyl911. 3)4%
Places Where Interest and
Dividends are Payable
G oshen, N Y
C le a rflc ld (P a ) T r u s t Co
U S M tg e & T r C o. N Y
S P Co, 120 B ’w a y . N Y
do
do
do
do
D e l L a c k A W e s te rn , N Y
do
do
do
do
do
do
do
do
do
do
B r o o k ly n T r u s t Co, N Y
R e a d in g T e r m in a l, P h
A m e ric a n T r u s t C o , C le v
J u ly 1911 p a id w h e n d u
In d ia n H d B a n k , N a s h u
N ew Y o rk and N a sh vl
H anover N a t B ank, N Y
do
do
do
do
do
do
do
do
do
do
do
do
N a s h v ille
,
J
A
J July 1 1932
May 1 1949
74,802,733
28.831,000 4 in 1911 F
120,241.887
A
A Aug 10 ’ l l , 2% O ffic e , 25 B ro a d S t, N Y
1,000,000
5 g
M e rc a n tile T r C o .S tL o u
1
o n 33 m ile s o f ro a d , a n d a d d itio n a l b o n d s are Issuable a t $2 5 ,0 0 0 p e r m ile ,
as s ta te d in V . 89, n . 470 .
F o r.y e a r e n d in g J u n e 30 1910, gross, $12 8,94 3:
• M O N T G O M E R Y & E R IE R Y . — (See Map Erie RR.)— Owns Montgomery
to Goshen, N. Y., 10 miles. Leased In 1872 to Erie RR. at $16,000 per an.
Stock, $150,000. Dlvs. (4)4% per an.) paid May 10 and Nov. 10. Sink,
fund, $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927.
M O R E H E A D & N O R T H F O R K R R .— See page 170.
M O R E L I A & T A C A M B A R O — See page 176.
'''O R G A N ’ S L O U I S I A N A & T E X A S R R . & S T E A M S H IP CO .— See Map
of Southern Pacific.)— ROAD.— Owns Algiers to CheneyvIUc, 205 miles;
1CH*
m,: extensions to Port Allen, La., Ac., 53 m., opened late In
1910; trackage to Alexandria, 24 m.; total, 401 m.; SS. lines & ferries, 115 m.
, O R G A N I Z A T IO N . — So. P a c . Co. o w n s th e $ 1 5 ,0 0 0 ,0 0 0 s to c k .
Div.
1905-06, 6 % ; 190 6-0 7, 1 0 % : 1907-08, 2 5 % ; 1908-09, 4 % ; 1909-10, 5%.
l
EARNINGS.— 12 mos., 11910-11 — Gross, $5,001,636; net, $1,594,684
July 1 to June 30.
11909-10...Gross, 4,770,728; net, 1,608,266
In year ending June 30 1910, gross, $4,912,573; net, lncl. other Income,
$1,050,406; surplus over charges, $879.642.— (V. 76, p. 5 4 3 .)..............
M O R R IS & E S S E X R R .— (See Map of Delaware Lackawanna & Western.)
— Owns from Hoboken, N. J., to Phlllipsburg, N. J., 85 miles; branch, Denvllle to Hoboken, N. J., 34 miles; leases 38 miles; total oper., 157 miles.
LEASED in perpetuity to Delaware Lackawanna A Western, which
assumes all liabilities and guarantees 7% per annum on stock; 1% extra is
payable In the event of 30% of gross earnings being sufficient to pay all
lixed charges and 10% on outstanding stock.
BONDS.— 1st ref. 3 )4s, V. 70, p. 480, 477; V. 71, p. 1167; V. 74, p. 1308.
EARNINGS.— Important to D. L. A W. with terminal facilities on N. Y.
i,
t*lc eamlnes show a deficit after payment of rental (Including
J L i5?.’,?.0? dividends) viz.: In 1908, $789,564; In 1907, $761,634; In 1906,
$888,526; In 1905, $585,394; In 1904, $673,172.— (V. 74. p. 1308; V.82,p.805
M O R R IS T O W N & E R IE R R . — Owns Morristown, N. J., to Whlppany,
4 m.; br 9 « m. Stock, $400,000; par, $100. Pres., R. W. McEwan,
11 Broadway. New York.— (V. 77, p. 511.)
M O U N T C A R B O N & P O R T C A R B O N R R .— Owns Mt. Carbon to Port
Carbon, Pa., 2.39 m.: 2d track, 2.37 m.; total track, 15.40 miles. In 1910
re-leased to Phila. & Reading for 999 years at 5% on stock, taxes and cor
porate expenses. (V. 89, p. 42.)
M O U NT HOOD
R R .— Sec page 176.
. M U S C A T IN E N O R T H & S O U T H R Y .— Muscatine. Ia.. to Kingston,
42.6 miles, of which 14 m., from Elrlck Jet. to Kingston, opened Nov. 1910.
To be extended from Kingston to Burlington, 10 miles, by Oct. 1912.
Successor to M. N. A S. RR., foreclosed Jan. 1905. V. 80, p. 1059. Stock,
$450,000; par, $100.
In June 1910 filed a $1,000,000 mtge. to German Trust Co. of Davenport,
Iowa, as trustee, the $800,000 bonds Issued thereunder and all of the stock
being deposited under the $425,000 3-year 6% syndicate note Issue dated
Oct. 1 1911, but optional at 101 before Oct. 1 1913 and at par thereafter;
Int. A. & O. at Continental A Commercial Tr. & Savings Bk., Chicago,
trustee. V. 93, p. 796; V. 90, p. 1677; V. 93, p. 589, 796.
For year ending June 30 1911, gross, $72,184; net, $1,441; taxes. $2,842.
In 1909-10, gross, $66,922; net, $333. Pres, and Gen. Mgr., Charles How
ard; Sec., J. A. Coc; Aud., A. II. Kohlhammcr. Office, Muscatine, Ia.—
(V. 93. p. 589, 796.)
M U S K E G O N G R A N D R A P I D S & I N D I A N A R R .— See page |170.
M U T U A L T E R M I N A L CO . O F B U F F A L O .— See page 176.
N A S H U A & L O W E L L R R . — Owns double-track road from Lowell, Mass.,
to Nashua, N. H., 15 miles. On Oct. 1 1880 leased for 99 years to Boston
& Lowell. In 1887 lease was transferred to Boston A Maine, which pays
a rental of $73,000 (9% on stock), and in April 1911 received authority to
purchase stock; In Nov. 1906 to 1911 lncl. )4% extra was paid from accumu
lated cash surplus.— (V. 83, p. 970; V. 85, p. 1005.)
N A S H V I L L E C H A T T A N O O G A & ST. L O U IS R Y . — (See M ap.)— Owns
from Chattanooga, Tcnn., to Hickman, Ky., 320 m.; branches to Lebanon,
1Q m
IpnRPn W
tnnnnrro
A c ., A
519
m .;• leases
W eactnrn
s te rn X& AAttlnnt
la n t ic/», Phflf
C h a tta
n o o g a , Tnntt
T e n n ., in
to A t la n t a
G a ., 137 m ., a n d M e m p h is & P a d u c a h D iv is io n o f th e L . A N . , 254 m ile s
See V . 7 1 , p . 544 , 664 , 864. T o t a l o p e ra te d J u ly 1 1911, 1,230 m ile s .
*
O R G A N I Z A T IO N . — A m a jo r it y o f th e s to c k ($ 7 ,1 7 7 ,6 0 0 ) Is o w n e d b y
th e L o u . & N a s h ., o f w h ic h $ 5 ,5 0 1 ,5 0 0 Is ple d g e d u n d e r Its m tg e s .
W est
A A t l . Is leased f ro m S ta te o f G e o rg ia t i l l D ec. 27 1919 a t $42 0,01 2 y e a r ly '
■ D IV S .—
I *94. ’ 9 5 -’9 8 . ’ 9 9 -’0 3 . ’ 04. ’0 5 . '0 6 . ’0 7 . ’ 08. ’0 9 . '1 0 ’ l l
None
4
5
5
6 5 )4
5
6
6*
S ince 1 8 9 4 ---------1 3 'A 4 y ’l y
B O N D S .— C o nsol, m tg e . o f 1888 p ro v id e d t h a t a ll p r io r b o n d s s h o u ld be
p a id o i l a t m a t u r it y ; s u ffic ie n t o f th e $ 20 ,000 p . m . a re re s e rv e d f o r th e m
J o in t ly , w it h L o u . A N a s h ., g u a ra n te e s $ 2 ,5 0 0 ,0 0 0 L . & N T e r 4s
See
L . & N . , V . 75, p . 1354; $ 11 ,000 A e tn a I . M ., M . A O . 6s, V . 77, p . 2 39 0
E A R N IN G S . — 2 m o s ., (1 9 1 1 -----------G ross,
$ 1 ,9 9 0 ,1 3 9 ; n e t,
$470 721
J u ly 1 to A u g . 3 1 .
1 1 9 1 0 ---------- G ross,
1 ,8 8 3 ,2 1 3 ; n e t.
4 45 ,195
A N N U A L R E P O R T . — R e p o r t f o r 1910-11 w a s In V . 93, p . 791.
Years end. June 30—
1911.
1910.
1909.
1908.
--------1,230
1,230
1.230
1,230
M ile a g e
G ross e a r n in g s ----------------- $12 ,323 ,86 3 $11 ,6 3 7 ,2 0 4 $ 1 1 ,1 1 2 ,1 1 4 $10 ,7 3 8 ,2 5 2
N e t e a r n in g s — ......
3 ,0 4 3 ,9 0 3
3 ,1 9 9 ,9 4 5
2 ,7 7 1 ,4 1 3
2 ,5 5 6 ,1 5 3
In v e s tm e n ts , A c . .
9 5 ,4 2 7
5 7 ,737
16,458
18,658
H ir e o f e q u ip .,r e n ta ls , A c
342 ,521
30 1 ,4 6 7
2 6 1 ,7 9 0
2 91 .983
N e t in c o m e ---------------- $ 3 ,4 8 1 ,8 5 1
$ 3 ,5 5 9 ,1 4 9
$ 3 ,0 4 9 ,6 6 2
$ 2 ,8 6 6 ,7 9 4
1910.
1909.
190 8.
I n t . o n d e b t a n d ta x e s .
$ 1 ,2 1 0 ,6 7 5
$ 1 ,1 9 1 ,0 0 2
$ 1 ,1 8 9 ,3 6 0
R e n t a ls ...........................
62 6 ,5 1 8
6 2 0 ,5 1 8
6 2 6 ,6 0 7
M is c e lla n e o u s _________
8 0 ,0 0 0
4 6 ,0 0 0
5 6 .0 0 0
D lv . o n s to c k ............... (6 )5 9 9 ,0 7 9
(6 )5 9 9 ,0 7 9
(5 )4 9 9 ,2 3 2 (5 M )5 5 0 ,0 0 0
8 3 ,2 5 2
A d d it io n s to p r o p e r t y . .
_______
3 3 .1 1 5
155 ,036
$95 9 ,6 2 5
$ 6 5 3 ,7 9 5
$ 2 8 9 ,7 9 0
B a la n c e , s u r p lu s -------- $ 1 ,0 3 1 ,8 6 3
P re s ., J o h n W . T h o m a s J r . ; V . - P ., I I . F . S m ith ; C h a irm a n o f B o a rd ,
E . C. L e w is .— ( V . 9 0 . p . 167; V . 9 1 , p . 717 , 8 6 5 ; V . 9 3 . p . 791 .)
N A S H V I L L E & D E C A T U R R R . — (See Map Louisville & Nashville.) —
O w n s fro m N a s h v ille , T e n n ., t o D e c a tu r, A la . , 119 m ile s . R e -le a se d to
L o u . A N a s h , in 1900 f o r 9 9 9 y e a rs , th e r e n ta l b e in g 7 ) 4 % o n s to c k . T h e
L o u . & N a s h . J u ly 1 1911 o w n e d $ 1 ,9 7 9 ,6 0 0 o f th e s to c k .— ( V . 7 0 , p . 1195.
N A S H V I L L E T E R M I N A L C O — O w n s b rid g e across th e C u m b e rla n d
R iv e r a n d 18 m . o f t r a c k .
Lea sed f o r 99 y e a rs fr o m M a y 1 1902 to T e n n .
C e n t. R R ., w h ic h o w n s e n tir e $ 1 ,0 0 0 ,0 0 0 s to c k .
I n D e c. 1909 file d a m tg e .
to secure $ 3 ,0 0 0 ,0 0 0 b o n d s ; $ 1 ,0 0 0 ,0 0 0 re s e rv e d t o r e tir e $ 1 ,0 0 0 ,0 0 0 f ir s t
5s o f 1902. N o n e so ld to S e p t. 1911. V . 8 9 , p . 1668.— ( V . 8 9 , p . 1668.)
N A T I O N A L R R . O F H A I T I — ( V . 9 3 . p . 4 0 8 .)
N A T I O N A L R A I L W A Y S O F M E X IC O .— (See M ap.)— C o m p ris e s :
.
1911.
$1,224,391
62 6 .5 1 8
Standard Gauge— Owned. Miles.
Leased—
Miles
Laredo to City of Mexico___ 802
11
M e x ic a n U n io n R y _____________
Mexico City to Juarez City_1,224
B a r e x te n s io n (T a m p ic o t o L a
Mexico to Rio Balsas.......... 182
B a r r a ) ___________________
6
Clntura, &c., lines (3-rail track)
6 C o a h u lla C o al R y _______________
24
Chlcalotc to Tampico.......... 400
T o t a l s ta n d a rd g a u g e ------------- 5 ,6 5 8
Tampico to Monterey and Gomez
Palaclo...................
548
Narrow Gauge— Owned.
C ity o f M e x ic o t o A c a m b a ro , A c . 175
Eagle Pass, Tex., and Ciudad
M e x ic o to B e rls ta in A b ra n c h e s 152
Porflrlo Diaz via Torreon to
O th e r b ra n c h e s .............. .................
12
Durango.......................... 540
Leased—
I) ranch— I rapuatoto Ameca_ 217
“ Guadalajara to Manzanillo 221 M Ic h o a c a n & P a c lflo R y . , M a San Juan Jet. to Jaral.. ......
50
r a v a t io to Z lt a c u a r o . ...........57
Vanegas to Matehuala.......
41
T o t a l ln c l. In e a rn in g s -----------6 ,3 4 0
Rincon to Pozos___________
37
Controlled—Earnings separate
Monterey to Matamoras..... 206
(see separate statem’t for each)
Gonzales to Acambaro........
53
Jimenez to Rosario..................
90 I n te r o c . R y . ( ln c l. M e x . S o u .,
Other branches, A c . . . ...... .1,103
292 m ile s ) _________
1 ,0 2 6
Controlled— Securities Owned.
Control Acquired in 1910—
Texas Mexican Ry., Corpus
P a n -A m e ric a n R R _____________
284
Christ! to Laredo, Tex., A c ._ 162 V e ra C ru z & I s th m u s ............... . . ____
263
Grand total (of which 1,325 narrow gauge)........................ ......... 7,913
In Sept. 1911 extensions were under construction, Including one from
Durango southeast to Canitas, on main line of El Paso route, 230 m.; Du
rango southwest to Llano Grande, opening up pine timber, 60 m.; PenJamo south to the Urapan branch, 85 m., Ac., of which a considerable por
tion of the new mileage was completed. V. 93, p. 796.
ORGANIZATION.— Organized March 28 1908 under special Act of Con
gress of Mexco, per plan In V. 86, p. 918, 982. The properties of Nat. RR.
of Mexico, Mex. Central and Mex. International were acquired by deeds;
V. 88, p. 452; V. 89. p. 1601; V. 90. p. 1554. In Aug. 1910 acquired all the
stock of the Vera Cruz A Isthmus and $9,835,900 of the $10,000,000 stock
of the Pan-American R R. V. 91, p. 589. Application to list, describing
properties, new securities, Ac., V. 88, p. 1318.
The Mexican Government owns $115,049,400 of the $230,000,000 auth
orized stock, viz.: $10,000,000 first preferred, $30,278,300 second preferred
and $74,771,000 common stock, and guarantees the principal and Interest
of the new general mtge. bonds. V. 87. p. 1533.
DIVIDENDS.— On 1st pref., 1908. 1%; 1909,2%; 1910,4%; 1911,Feb.,
2%; Aug., 2%. V. 91, p. 946.
Securities Immediately Issuable.
The amounts of new bonds and pref. shares which the New York Stock
Exchange has agreed to list as soon as issued (V. 88, p. 1318) are as follows;
[The amounts actually listed are shown in table at top of next page.]
Prior Lien 4)4% Bonds ($225,000,000 authorized)—
Issuable In part exch. for Mcx.Cent.bonds, abt.$70,294,962
Sold for cash________ _____ _____ ______ ______ 10,000,000
To Mexican Gov’t on acct. of guaranty, A c___
6,000,000
Acct. $10,000,000 Nat. RR. notes April 1909.. 7,200,000
Betterments, equip., retiring equip, obllg., Ac. 13,005,000-$ 106,499,962
The remainder of the auth. issue of $225,000,000 Is reserved as follows:
(1) $23,000,000 to retire $23,000,000 National RR. of Mexico prior lien
4)4% bonds due Oct. 1 1926; (2) $95,500,000 for extensions, additions and
improvements as shown In V. 86, p. 1319, 919.
The right Is reserved to Issue $6,000,000 additional bonds ranking pari
passu with the other bonds of this series, to take up at or before maturity
£1,200,000 prior lien bonds of the Mex. Internat. RR. Co.
The prior lien bonds will be subject to call after Jan. 1 1917 at 105 In
amounts not less than $10,000,000, or for a cumulative sink, fund sufficient
to retire the entire issue by maturity.
Guaranteed General Mortgage 4% Bonds ($160 000,000 auth.) —
Issuable in part exch. for Mex.Cent.bonds, A c .$38,565,075
Sold for cash.............. - - - .......... - .......... ........ 6,750,000
To Mcx. Gov’t on account of guarantv, Ac___
2,450,000
Acct. $10,000,000 Nat. RR. g. notes due Apr.’09 4,800,000
Betterments, equip., retiring equip, obllg., Ac. 8,185,925— $60,751,000
The remainder of the $160,000,000 Is reserved as follows: (1) $24,749,000
to retire outstanding Nat. RR. of Mexico first consol. 4s; (2) $74,500,000 for
extensions. Improvements, Ac. See V. 86, p. 1320, 919.
The right Is reserved to Issue additional bonds, ranking pari passu with
the other bonds of this series, to take up or retire at or before maturity an
equal amount of the consol, mtge. bonds of the Mexican International RR,
The general mtge. bonds will be subject to call at par In amounts not less
than $10,000,000 after April 1 1927: also on and after Oct. 1 1937 for a cumu
lative sinking fund, which Is to retire entire issue not later than 1977.
First Preferred Shares ($30,000,000 authorized)....................$28,832,903
90
R A IL W A Y
RAILROAD COMPANIES
[For abbreviations. A c., see notes on first page]
Nat onal Railways of Mexico— (Concluded).—
Pilllen M U Sgred 105 beg’ 17 (see text) _Ce.xc*Ar*
General mtge U S gold redeem par (text) guar. Nxc*
Nat.RR of ilex prior lien M gold call 105___ Un.c*
First consol M $60,000,000 gold (see text)-Ce.c*
Mexican Central— Priority bonds g red at 110______
First cons Inc A scrip n-cum ($0,600 p m) g. AB.c*
2d cons lnc($6,400 p m)red 50%to Aug 1929AB.C*
Car and locomotive rental notes________________
Equipment 5s $50,000 redeemable yearly at par
do ($50,000 yearly par) red 102 H beg ’ lO.OB.c*
Mex Int Prior lien El .200,000 red at par Un,xc*Ar
First cons M $16,000,000 gold not guarMp.xc’ Ar
do g. guar stamp subj to call at 95 to Men 1907.
Nat. Rys. 2-year gold notes red par.......................
Naugatuck—See New York New Haven & Hartford
Nebraska Kansas & Southern— 1st M $4,500,000 gold
Nevada-California-Oregon— First mtge $1,500,000 g.
Nevada Central— 1st M gold non-cum Inc (sink fd).Ce
Nevada Copper Belt RR— 1st M $1,000,000 gold_____
New England—See New York New Haven A Hartford
New Haven & Northampton—See New York New Ha
New Jersey Indiana & Illinois— IstM $250,000 gold..
New Je sey Junction— First M guar $4,000,000 . G.cAr
New Jersey & New York—See Erie RR Co
New Jersey & Pennsylvania— 1st M $200,000 red 105.
New London Northern— Stock--------------------------First mortgage__________________________ Ba.c* Ar*
West River first mortgage guaranteed prln and Int.
New Mexico Cent— S Fe Cent 1st M $2,500,000 g PPlc*
New Mexico Ry & Coal—See El Paso A Northeastern
New Orleans Ureat Northern —First M gold__ K.c’ Ar
Equip tr scr A (due s-a $25,000 to Aug 1917)___ N
New Orl Mobile & Chic —Com stk $25,000 per m ile..
Preferred stock 6% $5,000,000 r$5,000 per m ile)..
First mortgage $30,000,000 ($30,000 per mile)____
New Orleans & North Eastern— Stock $6,000,000___
Prior Hen mortgage gold____________________ Ce.c*
General mortgage $8,000,000 gold__________ F.c*
Income mortgage (non-cum) $1,500,000 gold__ N r
Equipment notes gold due $39,000 semi-annually.Second Preferred Shares ($125,000,000 auth.) —
STOCKS AN D
[V O L . L X X X X I I I
Miles Date
Road Bonds
Par
Value
1907
1907
1,284 1901
1,534 1901
1889
3,407 1889
3,407 1889
$. £ Ac
$, £ Ac
500 Ac
500 Ac
1,000
1,000
1,000
1897
1899
1897
1897
1897
1911
1,000
1,000
£100 Ac
$500 Ac
500 Ac
1908
204 1899
94 1888
. . . 1909
500 Ac
1,000
1,000
500 Ac
200.000
808,000
750.000
600.000
6S
5g
5g
6g
J
M
J
J
& J July 1 1958
A N May 1 1919
A J July 2 1938
A J June 1 1919
Moran Bros, New York
\H % paid July 1911
Boston, Mass
ven A Hartfo rd
12 1904
1,000
5 1886
1,000
250.000
1.700.000
5g
4
J
F
A
A
J July 1 1944
A Feb 1 1986
Mech Tr Co, Bayonne,N J
N Y Central A flud River
' 200,000
1.500.000
1.500.000
75,000
2,000,000
5
9
4g
4
5g
J
A D June 1 1927
—J Oct 1911, 2
A J July 1 1940
A D 1990
A D Dec 1 1941
Corp Tr Co, Jersey City
% New London Office
Cp M A M Bk, NY;reg md
New London Office
Pittsburgh Trust Co
615
866
866
—-
Co
25
121
121
35
117
Amount
Outstanding
1907
1,000
...
■
100
1910 1,000 Ac
1905
1901
1.000
Rate
%
When
Payable
Last Dividend
and M aturity
$84,801,815
e J A J July 1 1957
50,735,725
4 g A A O Oct 1 1977
23.000.
000 4H g J A J Oct 1 1926
24.740.000
4 g A A O Oct 1 1951
1.399.000
5 g J A J July 1 1939
291, 00
July 10 Jan 10 1939
3g
26.000
3
Jan 10 1939
1,356,604
300.000
A A O Apr 1 1917
5g
400.000
A A O Oct 11919
5e
5.850.000
4H e M A S Sept 1 1947
705,500
M A s Sept 1 1977
4 g
6.501.000
M A s Sept 1 1977
4 g
10.000.
000 4H g J & D June 1 1913
J
J
J
0
Places Where Interest and
Dividends are Payable
Offloe 2 5 Broad St. N
do
do
do
do
do
do
London and Boston
None paid
do
Y
Old Col Tr Co, Bost A Lon
do
do
Speyer Brothers, London
Office, 25 Broad St. N Y
do
do
do
do
241 1905 1,000 Ac
7.500.000
Knlck. Tr. Co.. N. Y.
5 g F A A Aug 1 1955
1,000
450.000
5
F A A To Aug 1 1918 N Y Tr Co or Buffalo
_ .
100 8,075,300
__
100 2,000,000
404 1910
1,000 12,047,500
5 g J A J Jan 1 1960
49 Wall St., N Y
196
100 6,000,000 6 TSIn '11 Yearly Sept 4 1911 6 Y, New Orleans, La
196 1885
1.000
1.320.000
6 g A A O Nov 1 1915
Central Trust Co, N Y
196 1902
1.000
5.862.000
4tS g J A J Jan 1 1952
Farmers’ L A Tr Co, N Y
196 1902
1.000 1.500.000 Up to4 y % gold (If July 1 1952
earned) on Deo 1
. . 1906
1,000
117.000
4M e A A O Apr ’ 12-Apr *13 Franklin Trust Co. N Y
Issuable In part exchange for Mex. Cent. bds.$41,416,234
For Mex. Cent.Ry. stock ($59,127,100), 100% 59,127,100
Account of Nat. RR. of Mexico stock________ 24,456,666— $125,000,000
Of the Mexican International consol. 4s $2,497,000 were in Jan. 1905
reserved for extensions at $10,000 per mile and Improvements. The total
Issue of consols Is limited to $16,000,000. The guaranty of prln. and Int.
by National RR. of Mexico under agreement of June 30 1902 stamped on
of the consols has been assumed by the Nat. Rys. of Mexico.
t6,501,000
'. 75, p. 185. Prior lien i y s , see, V. 65, p. 151, 1071. Consol. 4s of
1897 listed on N. Y. Stock Exch. Feb. 1898. See application In V. 66,p,341.
Tbe proceeds of the $10,000,000 2-ycar4)^% gold notes dated June 1 1911
were used to retire the $3,661,000 Mex. Cent, consol 4s due July 1 and for
equlpt. and Improvements. V. 92, p. 1179, 1243.
E ARNING S.— 12 mos., f 1910-11 _.Gross, $61,934,421; net, $22,655,076
July 1 to June 30.
11909-10..Gross, 61,483 .147; net, 24,754,829
R EPO RT.— Report for year ending June 30 1910 was In V. 91, p. 1382,
1441, 1452, showing In Mex. curr., conv. into U. S. curr. at 50 cts. on $;
1908-09.
Mexican Currency—
1909-10.
Gross earnings_________________________________ $52,562,293 $48,805,522
Operating expenses____________________________ 31,593,557
29,166,893
Net earnings_________________________________ $20,968,736 $19,638,629
1,386,094
Other Income__________________________________ 1,188,536
T o ta l............................................................... $22,157,272 $21,024,722
$335,986
Taxes and rentals_____________________________
$413,068
Adjustments, rentals, Ac_______________________
187,891
1,105,250
Depreciation reserve___________________________
980,000
1,340,400
Reserve to repair flood damages________________ 1,000,000
Interest on bonds, Ac__________________________ 16,739,744
16,975,944
Transfer to reserve fund________________________
141,828
63.357
•Dividends on 1st preferred shares_____________ *(4)2,306,632 (2)1,153,316
Total deductions____________________________ $21,769,163 $20,974,253
Balance, surplus______________________________
$388,109
$50,469
* Of this 1% paid Nov. 10 1910 from earnings of 1909-10.
Chairman of Board, Lie Luis Elguero; Vice-Chairman, Ingo Gabriel
Mancera; Chairman New York Local Board, H. Clay Pierce: Pres., E. N.
Brown. New York office, 25 Broad St.— (V. 93, p. 656, 796, 940.)
NEBRASKA KANSAS & SOUTHERN R Y — See page 176.
NEVADA-CALIFORNIA-OREGON R Y.— (3/f. gauge.)— Reno, Nev., to
Alturas, Cal., 184 m. Extension 55 miles to Lakevlew, Ore., to be com
pleted about Nov. 1911. Owns all the stock of the Sierra A Mohawk Ry.,
Plumas to Mohawk, Cal., 37 miles, which was acquired Jan. 30 1909 at
foreclosure sale. V. 93, p. 164. Stock, com., $1,450,000; pref., $750,000,
all out. After 5% on com., both stocks share pro rata. Dlvs. on pref.
Aug. 1906, 3%; Aug. 1907, 4%; Aug. 1908 to 1910, 5% each; Aug. 1911,
3%. Dlv. on common stock, 1% Aug. 1909: 1% Aug. 1910: 1911, none.
Report for year 1910-11 was In V. 93, p. 726, showing, gross, $338,967;
net, $95,975; other Income, $9,491: Int., taxes, Ac., $65,392; dlv. on pref.
(3% ), $22,500; impts., $15,393; bal., sur., $2,181. Pres., D. C. Moran,
68 William St., N. Y .— (V. 93. p. 667, 726.)
NEVADA COPPER BELT R R — See page 176.
NEVADA COUNTY NARROW GAUGE RR.— See page 176.
NEW JERSEY INDIANA & ILLINOIS RR.— See page 176.
NEW JERSEY JUNCTION RR.—Terminal road through Jersey City,
Hoboken and Weehawken. about 5 miles. Leased for 100 years from June
30 1886 to N.Y.Central, which guarantees bonds and owns $100,000 stock.
NEW JERSEY & NEW YORK RR.— Owns from Erie Jet., N. J., to
Garnervllle, N. Y., 29 miles; branches to New City, Ac.. 5 m.; operates to
Haverstraw. Ac., 14 m.; total operated, 48 miles. Erie RR. In April 1895
purchased control. Stock, $1,440,800 com., $787,800 pref.; par, $100. Con
trol Is with pref. stock and 1st mtge. till 6 % has been paid on pref. for three
years. The $400,000 6% bonds maturing May 1 1910 were extended 30
years at 5%. V. 90, p. 914. Year 1910-11, gross, $755,099; net, $266,639.
In 1909-10, gross, $692,624; net, $250,769; other Inc., $2,982; Int., rentals,
Ac., $222,799; Impts., $7,215; bal., $23,737.— (V. 90, p. 914.)
NEW JERSEY & PENNSYLVANIA RR.— See page 176.
NEW LONDON NORTHERN RR.— Owns from New London. Conn., via
Brattleboro, Vt., to South Londonderry, Vt., 158 miles.
LEASED for 99 years from Dec. 1 1891 to Central Vermont. The rental
Is$213,552perannum, whlchleavesa small surplus after providing for Inter
est, Ac., and 9% dividends. Taxes and Improvements met by lessee. In
July 1910 Issued $1,500,000 4s to refund bonds due. V. 90, p. 1677.
DIVIDENDS.— 1888 to April 1892, 7% yearly, then 8% yearly to 1893
and since to Oct. 1911 (Incl.), 2 X % quar. (9% per an.).— V. 90, p. 1677|
NEW MEXICO CENTRAL RR.— See page 176.
NEW ORLEANS FT. JACKSON & GRAND ISLE R R — V. 92. p. 527.
NEW ORLEANS GREAT NORTHERN RR.— Owns New Orleans.
La., to Jackson, Miss., 182 miles, with branches, Rio, La., to Tylertown,
Miss., 41 m.; Slidell, La., to Folsom, La., Ac., 55 m., making a total of 278
miles operated, Incl. 29 m. trackage from New Orleans to Slidell, La., and
other trackage, 13 m. Stk., $7,500,000. 1st M., $10,000,000. V.81,p.841.
First mtge. Is for $10,000,000 auth. V. 81, p. 841.
EARNINGS.— 2 mos., 11911__________ Gross, $281,145; net, $99,556
July 1 to Aug. 31.
11910
______ Gross, 293,287; net, 125,136
Report for year ending June 30 1910, In V. 92, p. 183. In 1910-11,
gross, $1,698,723; net, $622,018; other Income, $15,405; Int. on bonds,
$421,595: taxes, $23,510: other charges, 581,451: bal., sur., 5110,867.
OFFICERS.— Pres., II. L. Miller; 1st VIcc-Prcs., if. E. Olmstead;
2d V.-P., C. I. James: Sec. and Treas., F. A. Lehr; Gen. Mgr., N. G.
Pearsal.— (V. 88, p. 1197: V. 90, p. 373; V. 92, p. 183, 1436.)
NEW ORLEANS MOBILE & CHICAGO RR.— Operates:
Road—
Miles. I Road—
Miles.
Mobile. Ala., to Middleton, Tenn.367 Elllsvllle Jet. to Elllsvllle, Miss.. 7
Beaumont Miss., to Hattiesburg. 27IOther ...................................... 3
Total (100 m. 60-lb. and 302 m. 70-lb. steel), Incl. Gulf A Chicago___ 404
BO ND S.
ORGANIZATION.— Successor Dec. 1 1909 per plan V. 85, p. 1577: V. 87,
p. 1664. to Mobile Jackson A Kan C'y and Gulf A Chicago, soiu In foreclosure
Aug. 23 1909. V. 89. p. 529, 919. The St. Louis A San Francisco owns an
Interest In, but not the entire stock. V. 93, p. 1106.
Miscellaneous car trusts June 30 1911, $336,582.
There are also outstanding $35,000 old Mob. Jackson A K. C. 1st 50-yr.
gold 5s, due June 1946, Int. J. A D.; Central Trust Co., N. Y., trustee.
Of the 1st 5s of 1910 about $405,000 and of the stocks about $775,000 of the
amounts shown as outstanding above were In the treasury In July 1911.
V. 93. p.871.
EARNINGS.— 2 mos., 11911................ Gross, $289,698; net, $96,509
July 1 to Aug. 31.
\1910................ Gross, 267,121; net, 99,601
REPORT.— Report for year ending June 30 1911, In V. 93, p. 870,
showed: Total operating revenue, $1,826,135; net, $745,688; Int., taxes,
Ac., $662,124; bal., sur., $83,564. In 1909-10, gross, $1,711,709; net,
$643,553.
OFFICERS.— Pres., L. S. Berg, 49 Wall St., N. Y.; Sec. and Treas.,
Geo. W. Crary, Mobile, Ala. Directors— Elisha Walker, L. S. Berg,
Chas. K. Beekman, Geo. R. Sheldon, Franklin A. Plummer, Alonzo Potter
E. D. Pray, Wm. C. Sheldon, Claude W. Jester, Edmund Stallo, all of New
York; S. Wexler, New Orleans.— (V. 93, p. 870, 871, 1106.)
NEW ORLEANS & NORTH EASTERN R R .— New Orleans, La., to Mer
idian, Miss., 196 miles. Stock, $6,000,000 (par $100), of which $5,320,000
and $5,295,000 gen. 4 )<s and $1,500,000 Incomes were held In Jan. 1911 by
Ala. New Orleans Texas A Pac. Jet. Ry.
Reorganized In 1902 per plan In V 74, p. 681. Dividend on stock 1903
and 1904, 3% each; 1905. 3H % : 1906,5%; 1907,6%: 1908. 4%; 1909,
Sept., 5%; 1910, Sept., 6M%; 1911, Sept., 6 « % . Of the gen. 4^s, $1,
372,000 are reserved to retire the remaining prior lien bonds and $766,000
for future needs. Equipment notes of 1906, V. 82, p. 987.
EARNINGS.— 2 mos., f 1911................Gross, $540,705; net, $152,253
July 1 to Aug. 31.
(1910_________ Gross, 567,612; net, 204,956
REPORT for 1910-11 In "Chronicle,” Oct. 28 or Nov. 4.
Yr. end. June 30.
Gross.
Net.
Oth. Inc. Int., Ac. Balance.
1910-11......... ........ $3,527,931 $1,008,859 $108,364 $586,332 $530,891
1909-10.................. 3,443,102 1,074,092 100,184
503,966
670.311
From surplus pal'd dlv. of 6H% ($390,000) yearly.— (V. 93, p. 1022.)
NEW ORLEANS TE RM IN A L CO. — Owns extensive terminal property at
New Orleans and a belt railroad around the city, leased to the St. Louis A
San Francisco and South. Ry. for 99 years from July 1 1903, rental covering
all expenses of operations, maintenance, taxes and Interest. Southern Ry.
and St. Louis A San Francisco each own half of the $2,000,000 outstanding
stock ($5,000,000 auth.), and jointly guarantee the bonds. V. 86, p. 721;
V. 88, p. 564; V. 92. p. 660. Pres., I). D. Curran. Sec V. 79, p. 1466;
V. 81, p. 155; V. 86, p. 721; V. 88, p. 564; V. 92, p. 660, 1033; V. 93, p. 286.
NEWPORT & RICHFORD R R . — Owns from Newport, Vt., to Canadian
line near No. Troy, 22 miles. Leased for 99 years from June 8 1881 to
Montreal A Atlantic Ry., In turn operated by Canadian Pacific Ry.; rental
$18,000 a year. Stock. $350,000, mostly owned by Connecticut A Passumpslc Rivers RR. (Boston A Maine system), which guarantees the new
$350,000 1st 5s, principal and Interest. V. 91, p. 1026.— (V. 91, p. 1026.)
NEW YO RK BAY R R . — Owns from Kearney Junction, N J., to a point
4,184 feet east of Waverly Station, near Newark, and from a point 4,037
feet east of Waverly Station to the bulkhead line at Greenville piers, on New
York Bay, 10.98 miles, with 3 branches, 2.59 miles; total, 13.57 miles.
Stock. $6,000,000, all owned by Pennsylvania RR. In 1908 made a mtge.
to secure $6,000,000 bonds, of which Penn. RR. Dec. 31 1910 owned $3,
310,000. V. 86. p. 920, 982.— (V. 86, p. 920, 982.)
NEW YO RK BRO OKLYN & MANHATTAN BEACH R Y .— Owns from
Fresh Pond Junction to Manhattan Beach (Coney Island), and branches
to Bay Ridge and Greenpolnt, 15 miles.
Leased Tor 99 years from
Oct. 1 1885 to the Long Island RR. Co., which owns majority of stook.
Rental, Interest on bonds and 5% on pref. stock. Common stook, $350,000.
L. I. RR. has attached to the bonds Its unconditional guaranty of principal
and Interest In addition to facts as to lease.— (V. 83, p. 1348.)
NEW YO RK CENT. & H U D. R I VE R R R .— (See
M ip s.
pp.
96, 97.)
Operated Under Contract (Conci.)—
Lines owned.
Allies
56
New York to Buffalo_________ 441 St. Lawrence A Adirondack*..
Branches____________________ 365 Trackage...... ................. ........ 274
Proprietary lines____________
3
Total In earnings__________3,785
Lines leased. (*See this co.)
West Shore*_________________ 479
Controlled— Operated Separately.
Troy A Greenbush*__________
6 Lake Shore A Mich. Southern* 1,663
Spuyten Duyvll A Pt. M .*____
5 Michigan Central*....................i 746
88
New York A Hariem*________ 137 Lake E. Alliance A Wheeling..
New Jersey Junction*________
5 N. Y. Chic. A St. Lou s R R .* .. 523
Rome Watertown A Ogden*__ 624 Lake Erie A Western*_______ \
Mohawk A Malone*....... ........ 182 Northern Ohio*..................__j 886
Carthage A Adirondack*_____
46 "B ig Four" System*................ 2 334
59 Chicago Indiana A Southern*.. 353
New York A Putnam*________
248
Boston A A lban y*.................. 393 Cincinnati Northern*________
New York A Ottawa*............. 126 Dunkirk All. Val. A Pitts.*__
91
Geneva Corning A Southern... *232 Pitts. A Lake Erie system ■__
191
Beech Creek R R .*.................. 165 Rutland R R .........................
468
Beech Creek Extension RR.,
Little Falls A Dolgevllle______
14
e tc .*.................................... l.io Chicago Kalamazoo A Saginaw
55
Wallklll V alley.......................
33 Detroit A Charlevoix________
44
Operated Under Contract—
Indiana Ifarb. Belt (V.93,p.l64) 160
Terminal Ry. of Buffalo*........
11
Total Jan. 1911, less 161 m. duplicated (338 miles 4-tracked)______12,430
Also controls Lake Eric A Pittsburgh Ry., protected from Lorain. O..
to Youngstown, with branch. 120 miles In all. Sec V. 83, p. 1037; V. 92.
p. 1564. In 1911 sold 40% of Ind. Harbor Belt RR. stock to Ch. Mil. A
St. Paul and Chic. A N. W . Ry. V. 93, p. 164.
O ct ., 1911 ]
R A IL R O A D C O M P A N I E S
[For abbreviations, A c ., see notes on first page]
New Orleans Term— 1st M $15,000 000 g g u ..S .c * & r *
New Orleans Texas & Mexico— See St Louis & San Fr.
Newport & Richford— 1st M *350,000 g, gu C& P SBcx
New York B ay— First mortgage * 6 ,0 0 0 ,0 0 0 g o ld -.G P
N Y Bklyn & Manhattan Beach— Pref stock non-cum .
First cons M (now 1st M) gold guar by L I -------Ce.c*
N Y Cent & Hud River— Stock (* 250,000,000 auth) -Tr
Refunding mortgage *1 0 0,000 ,000 gold— Ce.c*& r
Coll trust g (*100,000,000) Lake Shore s t k ..G .c * & r
do do (*21,550,000) Mich Cent stock............... O
Mtge on Spuyten D A P M *20,000,000 gold-------Ce
Debentures (V 61). p 1102: V. 71. p 502, 9 6 4 )------Debentures *50,0 0 0 ,0 0 0 gold...........................U s.o*& r*
Gold notes $30,000 ,000 authorized........ ....................—
New York Central Lines—
Joint cq tr g *2,000,000 a n (V 8 6 , p 800, 9 2 0 ) -d .c * & r
do do $2,000,000 an. (V 00,p 0 1 4 )-.Q c * & r
N Y Chicago & St Louis— Common s t o c k .........................
2d pref stock ( 5 % non-cum )..............................................
First preferred (5 % non-cum ulatlvc)..............- - - - - - Flrst mortgage gold sink fund not d ra w n ..C e.c*& r
Debenture bonds $10,000 ,000 gold..............O x .c '& r *
N Y & G r e e n w o o d L a k e — Prior Hen M gu p & t .N .g x c *
N e w Y ork & H a r le m — C om m o n 1 4 % , 1 0 % gu aranteed
Preferred sto c k 1 4 % , 1 0 % g u a ra n tee d
-- ---
R e fu n d in g m tg e (now first) $ 1 2 ,0 0 0 ,0 0 0 ..g..G .e *< 5 c r
N Y L a c k a w a n n a & W e s t e r n — S to c k gu ar 5 % (end)
F lrst m ortg a g e gu ar b y Del Lack & W e s t e r n .. F .c *
C on stru ction m ortgage gu ar b y D L 4 \v ( e n d ) -F .c *
T h ird M T e rm Im p ( $ 5 ,0 0 0 ,0 0 0 ) g u a r p & 1 ( e n d ) - . F
N e w Y ork L a k e Erie & W e s t e r n — See E rie R R
N Y & L o n g B r— G en M (now 1st) $ 2 ,5 0 0 ,0 0 0 g C e . c *
N ew York N e w H a v e n & H a r t f o r d — S to c k (see tex t) .
D e b en tu re s ( $ 5 ,0 0 0 ,0 0 0 are 4s) n o n -c o n v e r tlb le .c & r
D eb (for C en t N ew E n g) g n o n -c o n v (V 78, p 768) . .
Debentures (for F H 4 W ) (V 78, p 2 3 3 5 )..................
Debentures (for N Y Ont A W ) (V 80, p 2458) .c*&r
Debentures convertible (see te x t)----------------------- o*&r
Amount
Outstanding
Rate
1903
$ l , 000&c $ 1 4 ,0 0 0 ,0 0 0
4 g
1911
1908
3 5 0 ,0 0 0
1,000
J
5 g
3 ,8 4 0 ,0 0 0
1,000 &c
J
4 g
6 5 0 ,0 0 0
100
5
A
1 ,7 2 6 ,0 0 0
1,000
A
5 g
100 2 2 2 ,7 2 9 ,3 0 0 See te x t
1 ,0 0 0 Ac 8 9 ,0 0 0 ,0 0 0
3 )4 g J
1 ,0 0 0 Ac 9 0 ,5 7 8 ,4 0 0
3 )* g F
1,000 <3cc 1 9 .3 3 6 ,4 4 5
3H g F
2 ,5 0 0 ,0 0 0
1 ,0 0 0 <5cc
3)4 g J
5 ,5 0 0 ,0 0 0
1 bond
3H g J
1,000 &c 4 8 ,0 0 0 ,0 0 0
M
4 g
3 0 ,0 0 0 .0 0 0
4 )4 g M
M iles Date
Road Bonds
22
14
15
15
809
. . .
1885
1897
1898
1898
1909
19 00
1904
1911
19 07
1910
50 5
53
14 6
146
136
214
214
21 4
21 4
38
—
1887
1906
18 96
1897
1880
1883
18 90
1891
’ 9 7 -’ 01
1904
1904
19 05
19 06
Par
Value
1,000 &c
1,000 & c
100
100
100
1,000
1,000
10 0 Ac
50
50
1 ,0 0 0 A c
100
1,000
1,000
1,000
S T O C K .— D lv s . o n sto ck reg. In L o n d o n are p a y a b le a t 4 9 )4 d . to th e *•
S tock h old e rs su bscrib ed for $ 4 4 ,0 9 7 ,3 0 0 new sto ck a t p ar, p a y a b le on or b e
fore J an . 20 1 9 1 0 , raising the a m o u n t o u tsta n d in g to $ 2 2 2 ,7 2 9 ,3 0 0 , th e p ro
c eed s to be u sed to retire n otes for ad d ition s an d Im p r o v e m e n ts.
V . 89.
p . 1223, 1411, 1542, 1668; V . 90 . p . 7 0 5 .
D I V I D E N D S .\ ’ 9 5 . '9 6 -9 8 .
’ 9 9 . '0 0 t o ’ 0 6 . '0 7 . ’ 0 8 . '0 9 . ’ 1 0 .
1911.
S ince 1 8 9 4 . % / 4 M 4 y e a r ly . 4
5 y e a r ly . 6
5K S
5 H
B elow
1 9 1 1 , J a n ., 1 K % ; A p r il, 1 ) i % ; J u ly , 1 ) 4 % ; O c t ., 1 yK% . V . 9 2 , p . 6 6 0 .
B O N D S .— Ref. mortgage Is for * 1 0 0 ,0 0 0 ,0 0 0 , o f w hleh * 7 3 ,3 4 6 0 0 0 w a '
Issued to retire * 7 0 .3 7 7 ,0 0 0 old b ond s and * 1 1 ,6 5 4 ,0 0 0 for general p u rp oses,
rem ainder ( $ 1 5 ,0 0 0 ,0 0 0 ) w as reserved for new c o n stru c tio n , o f w hich * 4 ,0 0 0 ,
0 0 0 sold F e b . 1 9 0 9 .
V . 7 7 . p . 4 5 2 ; V . 8 6 . p . 1 0 4 3 , 11 01 : V . 88, p . 5 0 6 .
C ollateral tru st 3 ) 4 8 o f 18 98 are secured b y d ep osit o f stock o f the Lak e
Shore A M ichigan S ou th ern and M ichigan Central R R s . a t th e rate o f * 1 0 0
o f L . S . A M . S . stock for each * 2 0 0 o f b on d s and * 1 0 0 o f M ich. C en t, stock
for each * 1 1 5 o f b on d s o u tsta n d in g .
See V . 6 6 , p . 2 8 8 , 3 3 6 , 7 6 0 , 8 1 1 .
In 1904 $ 5 0 ,0 0 0 ,0 0 0 4 % deb en tu res w ere au th orize d , o f w hich * 3 0 ,0 0 0 ,0 0 0 w ere sold In 1904 and * 1 3 .0 0 0 ,0 0 0 In 1 9 0 8 . On J a n . 13 19 10 the c o m
p a n y w as au th orized to Issue * 5 ,0 0 0 ,0 0 0 4 % d eb en tu re bon d s of 1934 In
p a y m e n t for $ 5 ,0 0 0 ,0 0 0 G en eva C ornin g & S outhern 1st pref. s to c k .
V.
9 0 , p . 16 8: V . 9 2 , p . 4 6 2 .
T h e y are to be secured b y a n y new m o rtg a g e s,
b u t e x istin g m tg e s. m a y be ex te n d e d .
V . 78 , p . 1907, 1962, 23 84 ; V . 79,
p . 1 3 3 5 , 2 1 4 8 : V . 8 6 , p. 1 0 4 3 , 1 1 0 1 , 14 6 7 ; V . 7 8 , p . 4 1 5 , 6 1 4 ; V . 9 2 , p . 7 2 6 .
In 1909 m ad e a new m tg e . on the G en eva Corning A S outhern to secure
an au th orized Issue o f n ot ex ceed in g $ 1 0 ,0 0 0 ,0 0 0 b ond s bearing 4 % In
terest, to retire ou tsta n d in g b ond s an d for ex tension s an d Im p ro v e m e n ts,
o f which $ 6 0 0 ,0 0 0 au th orized to b e Issued In M arch 1 9 1 1 ; n ot y e t issu ed ,
J u ly 1 9 1 1 .
V . 8 8 , p . 11 28 : V . 8 9 , p . 2 8 7 : V . 9 2 , p . 4 6 2 , 7 2 6 .
A lso on th e
S p u y te n D u y v ll A F ort M orris $ 2 0 ,0 0 0 ,0 0 0 , o f which $ 2 ,5 0 0 ,0 0 0 3 ) 4 s h a v e
been Issued, m o stly to refund Indebtedness to N . Y . C en t. V . 8 9 , p . 1 0 5 , 2 8 7 .
In M arch 1911 $ 3 0 ,0 0 0 ,0 0 0 3 -y ea r 4 ) 4 % Hold n otes were sold to c o n tin u e
con stru c tion a t G rand C entral T e rm in a l, an d In th e electric zo n e , p rovide
3d and 4th track s on th e H u d son d iv isio n , new p assenger an d freigh t facili
ties a t U tic a an d R o ch ester, and other Im p ts. V . 9 2 , p . 4 6 2 . 6 6 0 , 7 2 6 , 1 1 0 9 .
A s to e q u ip m en t tru sts o f 1907 an d 1 9 1 0 , see " N . Y . C en t. L in es” b elo w .
G U A R A N T I E S . — T h e c o m p a n y gu arantees th e securities o f Its leased
lines to a consid erable a g g re g a te— see sep arate s ta te m e n t for each c o m p a n y
In th e table of m ileage preceding.
It also gu arantees W e ste rn T ran sit C o.
3 H s for $ 1 ,0 0 0 ,0 0 0 d u e F e b . 1923 and $ 2 ,5 0 0 ,0 0 0 Clearfleld B itu m in ou s
C oal C orpo ra tion 4 ) 4 s .
V . 9 3 , p . 4 5 , 16 4.
G E N E R A L F I N A N C E S .— T h e refu nd ing o f old bond s w as com p leted In
1905 : annual savin g in Interest charges a b o u t $ 1 ,4 7 5 ,0 0 0 .
J a n . 1908 2 % e x tr a w as received on the L a k e Shore an d M ichigan C entral
sto ck s an d In M arch 1910 and 1911 6 % e x tr a on L a k e Shore sto c k .
V . 83,
p . 1 4 1 1 : V . 8 5 . p . 15 77 ; V . 9 0 , p . 6 2 7 .
T h e w est side N . Y . C ity Im p rove m e n t proposed In 1011 Is estim a ted to
cost $ 4 0 ,0 0 0 ,0 0 0 or m ore .
V . 93, p. 871.
,,
„
In F e b . 1911 $ 3 0 ,0 0 0 ,0 0 0 3 -y c a r 4 ) 4 % n otes were so ld .
V . 92, p. 402,
7 2 6 , 1 1 0 9 . A s to sale of * 4 4 ,0 9 7 ,3 0 0 stock in 1 9 0 9 -1 0 , see “ S t o c k " a b o v e .
In A p ril 1911 arranged to give th e N . Y . N . I I . & H a rtfo rd throu gh traffic
service b y w ay of the B osto n & A lb a n y for ten years from J u ly 1 1 9 1 1 ,
term in ab le on on e y e a r’s n otice b y felther p a r ty , the N e w I la v c n to take
o n e-h a lf o f th e n et prollts a b o v e th e rental due th e B o sto n A A lb a n y u nd er
the lease.
V . 9 2 , p . 11 79 : V . 9 3 , p . 1 0 5 , 866.
In 1 9 0 2 -0 3 con trol o f the R e a d in g C o. w as acqu ired b y B a lt . A O h io
and L ak e S hore.
V . 7 6 , p . 10 1 : V . 7 8 , p . 48 .
In J u ly 19 10 th e Oregon Short Line (U n ion Pacific sy stem ) ow n ed $ 1 7 ,
8 5 7 ,1 2 5 N . Y . C entral stock
V . 8 4 , p . 52, 571: V . 89 p . 41 1.
T h e N ew Y o r k S ta te R a ilw a y s C o. (see "E le c t r ic R a ilw a y S e c tio n ” ) Is
th e c o m p a n y ’ s tro lley a lly , ow n in g or controllin g som e 63 4 miles o f elec tric
railw ay In N . Y . S ta te (com p are V . 8 7 , p . 5 4 4 ) .
In J u ly 1 9 1 0 an Initial
d ivid en d of 1 H % was paid on the N ew Y o rk S ta te R y s , c o m m o n stock
an d 1 ) 4 % on M oh aw k V a lle y C o. sto c k .
V . 90, p. 1296.
E A R N I N G S .— 8 m o s .,1 1 9 1 1 _______ G ross, $ 6 7 ,1 4 4 ,0 2 9 ; n e t, $ 1 8 ,2 2 4 ,6 1 5
6 4 , 4 2 5 , 3 8 4 ; n et,
1 6 ,2 3 5 ,1 0 4
J a n . 1 to A u g . 3 1 .
J- 1 9 1 0 ----------- G ross,
A N N U A L R E P O R T .— R e p ort for year en d in g D e c . 31 1910 w as given
a t length in V . 9 2 , p . 7 9 1 , 8 0 0 .
See also e d itorial, p . 7 6 9 .
Combined Results OF A L L IE D L I N E S .
(C om p are V . 9 0 , p 9 1 0 , 8 86 .)
Year end. Dec. 3 1 —
1909.
1908.
Inc. or Dec.
M ile s o p e r a te d ..................
1 2 ,4 3 0
1 2 ,2 8 3
+147
O p eratin g reve n u es.....................
$ 2 3 6 ,9 4 1 ,7 0 7 $ 2 0 7 ,0 1 9 ,0 2 5 + 5 2 0 ,9 2 2 ,6 8 2
6 9 ,6 0 1 ,0 0 1
5 1 ,8 6 9 6 2 6
+ 1 7 ,7 3 2 ,2 7 5
O p eratin g In c o m e.......................
O th er in co m e..................................
2 0 ,4 1 8 .0 8 7
1 9 ,8 0 6 ,9 0 9
+ 6 1 1 ,1 7 8
G r o s s corporate I n c o m e .............$ 9 0 0 1 9 ,9 8 8
C h a r g e s ____________________
$ 4 7 ,1 7 4 ,3 4 1
N e w eq u ip , an d a d d itio n s_________
1 ,9 2 3 ,1 5 7
D i v i d e n d s ...................................................
2 0 ,2 4 2 ,9 7 8
* 2 0 ,6 7 9 ,5 1 2
2 2 ,000,000
2 8 .0 0 0 000
1 4 .0 0 0 ,0 0 0
1 1 ,000,000
5 ,0 0 0 ,0 0 0
1 9 ," 5 7 ,0 0 0
1 0 ,000,000
1 ,4 7 1 ,6 0 0
8 ,6 5 6 ,0 5 0
1 ,3 4 3 ,9 5 0
1 2 ,000,000
1 0 ,000,000
1 2 ,000.000
5 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
%
5 g
4 K j
See te x t
See tex t
See t e x t
4 g
4 g
5 g
See t e x t
See te x t
3
g
5
6
5
4
2 .5 0 0 .0 0 0 4 g & 5 g
1,000
100 1 7 8 .8 3 5 .7 0 0 8 In 19 10
1,000 10 .000,000 3 ) 4 & 4
5 ,0 0 0 ,0 0 0
4 g
1 , 01)0
50 0 &c 10 , 000,000
3 )4
4
1 . 0 0 ) 1 5 .0 0 0 .0 0 0
3 )4
100 <5cc 1 1 ,5 7 3 ,1 0 0
N . Y . C E N T R A L & H U D S O N R I V E R R R — (C on clu d ed .)
In M arch 1 9 1 0 th e L a k e Shore A M ichigan S ou th ern acqu ired th e greater
p art of the T o le d o A O h io C en tral sto ck a n d a ll the sto ck an d b ond s of the
Z an esville & W e ste rn and Jointly w ith th e C hesapeak e A O h io , a m a jo r ity of
the K a n a w h a <fc M ichigan sto c k .
V . 90. p. 771.
,
In F e b . 1911 sold to the N . Y . N . H . & H . a h a lf Interest In the m a jo r ity
h oldings of R u tla n d R R . p ref. sto c k .
V . 9 2 , p . 527.
H I S T O R Y , & c .— C ontrol o f the L ak e Shore an d M ichigan C entral roads
w as acquired In 1 8 0 8 , as sta te d b elo w .
V . 71 , p. 502; V . 78 , p. 48.
In J an . 1 9 1 0 a 9 9 -y e a r tra ffic agree m e n t w as m a d e w ith the W e ste rn
M a ry la n d .
S ince 1 9 0 6 th e allied lin es, w ith th e e x ce p tio n o f th e N . Y . C hicago
* S t . L ou is, are k n ow n as th e " N e w Y o rk C entral L in e s.”
V . 81 , p. 1792.
In J u ly 1911 th e ev en tu a l m erger o f th e variou s com p an ies w as c o n te m
p la te d .
V . 93 , p. 286.
B a la n ce , s u r p l u s . . . .....................
91
R A IL W A Y STO CK S AN D BONDS.
$ 7 1 ,6 7 6 ,5 3 5
* 4 6 .4 7 1 ,5 7 7
4 ,7 0 5 ,5 4 8
1 8 ,2 9 1 ,8 6 0
+ $ 1 8 ,3 4 3 ,4 5 3
+ $ 7 0 2 ,7 6 4
— 2 ,7 8 2 ,3 9 1
+ 1 ,9 5 1 ,1 1 8
$ 2 ,2 0 7 ,5 5 0
+ $ 1 8 ,4 7 1 ,9 6 2
R E P O R T
O F
N E W
When
Payable
J
&
&
&
&
&
—
*
&
&
<fc
A
&
A
Last Dividend Places Where Interest and
Dividends are Payable
and M aturity
S ta n d a rd T r u s t C o , N Y
J J u ly 1 1953
S afe D ep A T r C o , B os
Jan 1 1941
N ew Y ork A P h ila d e lp h ia
Jan 1 1948
O c t 1911 2 ) 4 % C hecks m ailed
U S M tge & T r C o , N Y
O c t 1 1935
O c t 16 1911 1 M G rand C ent T e r m in a l ,N Y
r
do
do
j J u ly 1 1997
do
do
A F eb 1 1998
do
do
A Feb 1 1 9 9 8
do
do
n Jun e 1 1959
do
do
,T J u ly 1 2 0 0 0
do
do
N M a y 1 1934
N Y , Paris a n d L o n d o n
S M ch 1 1 9 14
J
J
O
O
M A N
J
A
J
M arch
M
A S
M
A s
A o
A
M A N
M A N
See te x t
See te x t
M .“c N
<3 — r
A
,T
J
A A
F
M A N
N o v 1 9 1 2 -1 9 2 2
Jan 1 1 9 1 2 -1 9 2 5
M ch 1 1911 3 %
S ept I ’ l l 2 ) 4 %
Sept 1 ’ l l 2 ) 4 %
O c t 1 19 37
M a y 1 1931
M ay 1 1 9 4 6
O ct 1 ’ l l 2 %
O ct 1 ’ l l 2 %
M ay 1 2000
O c t 2 1911 1 X
Jan 1 1921
A u g 1 19 23
M a y 1 19 23
M A
s S ep t 1 1941
Q - -M 30 S ep t 30 1911 2 %
M &
S M ch 1 1 9 47
*
F
A F e b 1 1914
A & <) A p r 1 1954
J
A
J J u ly 1 19 55
A
J
J Jan 1 1 9 5 6
Y O R K
C E N T R A L
A
G u a ra n ty T r u st C o , N Y
do
do
G rand C e n t T e r m ln a l.N Y
,o
;o
do
do
U n io n T ru st C o. N Y
G rand C en t T e r m in a l,N Y
5 0 C hurch S t, N e w Y o r k
G ran d C e n t T e r m ln a l.N Y
do
do
do
do
D e l L ack & W e s te r n . N Y
do
do
do
do
do
do
L ib e r ty N a t
C o’ s o ffic e .
L in coln N a t
do
S econd N a t
Lin coln N a t
S econd N a t
H U D S O N
Bank N Y
New H aven
B ank, N Y
do
B ank, N H
B ank. N Y
Bank, N H
R IV E R
R R
Y e a r e n d i n g D e c . 31—
1910.
1909.
1908.
Miles o p e r a t e d ........................................
3,785
3,782
3,781
Railroad revenues....... ........................ ..$9 9 ,9 0 8,4 78 $93,171,860 $83,927,354
Operating Income (after tax es)_______ $21,012,787 $24,34°,498 $18,521,084
Other Incom e.............................................. 15,446,333 11,392,859 12,611,996
Gross corporate Incom e...................... 536,459,120 $35,742,357 $31,133,080
Rentals of leased lines________________ $10,058,291 $9,943,577 $9,708,045
Interest on bonds. & c_______________
9,242,868
9,854,522
9,681,540
Hire of equipment. Including Interest 1,602,654
1,508,632
2,060,139
1,266,635
740,205
607,479
)ther rents and miscellaneous_______
D iv id en d s............................................ (6% )13,363,758 (5)8,931,600 (5)8,931,600
Balance, surplus...................................
$924,914 $4,763,820
$144,276
President, William C. Brown; Chairman, Chauncey M. Depew; Vice
Presidents, Alfred H. Smith, John Carstensen, Chas. F. Daly and Ira Place;
Treas., E. L. Rosslter; Sec., Dwight W . Pardee. Directors (April 1911),
W . K . Vanderbilt, F. W Vanderbilt, C. M. Depew, J. Plerpont Morgan,
William Rockefeller, William II. Newman, Marvin Ilugh itt, W m . C.
Brown. Geo. F. Baker, George S. Bowdoln, Jas. Stillman, W . K . Vander
bilt Jr. and Lewis Cass Ledyard.— (V . 93, p. 45, 164, 230, 286, 871.)
NEW YORK CENTRAL LINES.— The N. Y . Central Lines equip.trusts
o f 1907 ($30,000,000 total issue) mature $2,000,000 yearly to N o v . 1922,
and the $30,000,000 4 )4 % "equipm ent trust of 1910" $2,000,000 yearly to
Jan. 1925. T hey will cover engines, passenger cars and freight cars used
b y various lines of the system , which Jointly and severally agree to pay
principal and Interest, the larger part being for N. Y . Central and Lake
S hore.— (V . 90, p. 977, 1677; V . 91, p. 1447, 1630; V . 92, p. 801.)
NEW YO RK CHICAOO & ST. LOUIS R R . — { S e e M a p o f N e w Y o r k C e n
t r a l A H u d s o n R i v e r . ) — Owns from Buffalo, N . Y ., to Illinois State Line, ex
cept 8 m. leased bet. Dunkirk and Sliver Creek, leaving 494 m .; leases the
proprietary line. Chic. A State Line R R ., 111. State line to Grand Crossing,
10 m .; also leases Dunkirk to Silver Creek, 8 m .; total, 512 m .: trackage In
Buffalo. N. Y .. 1 H m ., and Gr. Cross’ g, Chic., 111. (Lake Sh. R R .). 9 m.
S T O C K .-L a k e Shore & Michigan Southern owns *6,240.000 com m on,
*6,275,000 2d preferred and *2,503,000 1st preferred stock. After 5%
dividends on the *14,000,000 com m on stock, all classes o f stock share alike.
D IV S. (s in ce ’ 99)— ’00. ’ 01. '02 to '06. ’07. ’08. '09. 1910.
1911.
First preferred_____ ____________ 5 yearly (now 2 )4 % sem l-ann.)--------------— Second preferred............ 2
3 yearly
4 — 5% yrly. (now 2 )4 % s-a.—
C o m m o n ___________ _________________none--------------------- M ch.,3 M ch., 3 ann
B O N D S.— Amount sink, fund for first m tge. bonds $100,000 (so long
as the bonds could be bought at or below 102) decreased the am ount ou t
standing from *20,000.000 to $19,057,000. See mtge. abstract, V. 45, p.
541. The *10,000.000 debenture 4s sold for equipment, & c., will be secured
b y any new mtge. V. 82, p. 693; V . 86, p. 1344: V . 88. p. 1062. On
Feb. 8 1910 made 4% 5-ycar equipment agreement covering equipm ent
costing *673,268. V . 90, p. 772.
E A R N IN G S.— 8 m o s .,/1911
..........Gross, $7,307,131; net, $1,909,526
Jan. 1 to A ug. 31.
(1 91 0 ________ Gross, 7,296,854; net, 2,239,405
R E P O R T .— R eport for 1910 was In V . 92, p. 1024. Principally a freight
line, freight In 1910 contributing $9,275,437 out o f $11,238,877.
Y e a r e n d i n g D e c . 31—
1910.
1909.
1908.
Railroad rev en u es...................................$11,238,877 $10,076,207 59,221,456
Operating Incom e...................................... $3,038,550
$2,995,867 $2,390,837
Other Incom e............................................
280,339
260,040
92,662
Gross corporate Incom e___________ 53,318,889
Interest on bonds___________________ $1,168,950
Hire of equipment, other rents, & c ..
290,115
DIv. on 1st and 2d pref. ( 5 % )______
800,000
D lv. on com m on stock ( 3 % ) _________
420,000
$3,255,907
$1,175,286
377,141
800,000
420,000
$2,483,499
$974,115
521,475
800,000
----------
Balance, surplus__________________
*639,824
$483,479
$187,908
Pres., W m . H. Cannlff. — (V . 90, p. 972; V. 91, p. 154: V. 92, p. 1024.)
NEW YO RK CONNECTING R R .— T o own a new route for the Inter
change of passenger and freight between the Pennsylvania and New York
New Haven A H artford R R ., which own the entire $3,000,000 stock. R oad
will be about 9 miles long, extending from connections with the Long Island
R R . and the East R iver tunnel of the Pennsylvania R R . near L ong Island
City, via its own bridge across the East River at Randalls Island, to Port
Morris, N. Y ., on the N. Y . N. II. & H . R R . (V . 90, p. 503.) Incorporated
In New York April 21 1892.
T o be operated b y the N . Y . N. H . & H . R R . and results shared with the
Penn. R R . In proportion to respective earnings on freight Interchanged.
Cost o f construction estimated to be about $20,000,000 (of which about
$5,000,000 had been expended June 30 1911), to be provided b y a bond
Issue guaranteed Jointly by Penn, and N. Y . N. H . & H . V . 93, p. 867.
— (V . 90, p. 503.)
NEW YO RK & GREENW OOD LAKE R Y .— (See M a p o f E r i e R R . ) —
Owns from Bergen Jet., N. J ., to Sterling Forest, 42 m ., and branches to
R lngw ood. & c., 8 m .: W atchung R y ., Forest Hill to Orange, N. J ., 4 m .:
total owned, 54 m. Stock, $100,000: par, *50. Leased to Erie R R . for 999
years from May 1 1896. Prior lien bonds are guaranteed, prln. and ln t., by
Erie. See V. 63, p. 513: form of guaranty, V . 65, p. 463.
NEW YORK & HARLEM R R . — (See N . Y . C e n t A H u d . R t v . R R . ) —
Owns steam road N. Y . City to Chatham, N. Y ., 136 m. Also owns street
railroad on Fourth and Madison avenues, N. Y . City, 10 m.
The steam road (since partly electrified) was leased April 1 1873 for 401
years to the N. Y . Cent. & Hudson P.. R R . Co. for Interest on the bonds and
dividends of 10% per annum, payable J . & J. on the entire capital stock
of N. Y . & Harlem R R . Co.
The street railroad was leased July 1 1898 for 999 years to the M etro
politan St. R y. Co. under an annual rental of $350,000 for the first five
years and $400,000 annual rental thereafter. The receivers of the Met.
St. R y . Co. have paid this rental regularly and the am ount was distributed
92
R A IL R O A D C O M P A N I E S
{For abbreviations, & c., see notes on first page)
M ites Date
Road Bonds
N Y N ew H a v & H — (Concluded ) —
D e b en tu re s n ot c o n v e r t Ible
_______ _ ____________
D e b en tu re s 1 4 5 ,0 0 0 ,0 0 0 francs ( $ 2 9 ,0 0 0 ,0 0 0 ) ...............
D e b en tu re s $ 3 9 ,0 2 9 ,6 0 0 gold con v ( t e x t ) ............c ’ Ar
N Y P r o v A B o sto n gen M (now 1st) g a s s u m ___ c A r
62
H o u sa to n lc con M ( $ 3 ,0 0 0 ,0 0 0 ) g ( a s s u m e d ) --F c*
90
N E n g cons (now 1st) M $ 7 ,5 0 0 ,0 0 0 5 s g g u . _ M a . c *
359
N Y 4 N E B osto n T e r m 1st M $ 1 , 5 0 0 , 0 0 0 . A B .c A r
13
N ew H aven A D e rb y con solidated m o r tg a g e _____c*
28
P rovid en ce A Springfield 1st M gold a ssu m e d _____c*
D a n b u r y A N orw alk cons M ( $ 1 0 0 ,0 0 0 are 6s ) ___ c*
36]
36
Gen m tge D an b u ry, C onn , to W ils o n P t A c ___ c '
First ref m tg e ( V 8 2 , p 2 1 0) gold a s s u m e d . .c * & r
38
H a rle m R lv & P ort 1st M g o lil $ 1 5 0 0 0 , 0 0 0 . U s .c ’ A r
12
61
N a u g a tu c k first m ortgage gold a ssu m e d ________c ’ Ar
D e b e n tu re s_______________________________________________
B o sto n A N Y A ir L in e new M $ 5 .0 0 0 .0 0 0 (a s s u m e d )
N H A N o r th a m p to n ref M $ 1 0 ,0 0 0 ,0 0 0 gu ar p & 1 . .
.
P rovid en ce T e r m 1st M $ 7 ,5 0 0 ,0 0 0 g a s s u m e d .c * A r
C on solidated R y d e b e n tu r e s____________________________
B o sto n R R H o ld in g Co pref stock g u a r a n te e d _____
P rov S ec Co d eb $ 1 9 ,9 1 1 ,0 0 0 g gu red 105 b eg T 7 .c *
.
N ew E n g In v & S pf stk 4 % c u m $ 1 0 ,0 0 0 ,0 0 0 r e d l0 5
N Y W e s A B os 1st M $ 6 0 ,0 0 0 ,0 0 0 g red llO U .c * A r*
15 -y e a r fu n d in g gold n otes gu ar prln & In t__________
Springfield R y 4 % cum pref stk red 105 g u a r _______
C onn R y A L t g 1st A ret M $ 1 5 ,0 0 0 ,0 0 0 g s f . .T a .c *
R o x b u r y C entral W h a r f first m o rtgage gold n o t e s ..
B o n d s o f electric roads m erged ( $ 4 ,6 7 8 ,0 0 0 are 5s)
O th e r bds o f elec rds leased or c o n tr (S e e “ E lR y S e c ”
N e w E n g la n d N a v Co d e b e n tu r e s......... ................................
B ond s o f ste a m sh ip , A c , co m p a n ie s c o n tr o lle d _____
Bonds of Leading Proprietary , A c . , Lines
H o ly o k e A W e stfield 1st M (V 92 p 3 2 2 , 795) g u . c ’
10
O ld C o lo n y — See th a t c o m p a n y .
P rovid en ce A W o r c e ste r first m o rtgage c u r r e n cy ___
51
N ew Y ork O n tario & W e s te r n — C o m m o n s t o c k ________
R e fu n d in g (first) m t g e -'2 0 ,0 0 0 .0 0 0 g o ld ___ Ba c ’ Ar T e x t
G en M $ 1 2 ,0 0 0 ,0 0 0 gold red 110 (see te x t) . . N xo* Ar
G old n otes sec 1st M G H C & l d u e $ 2 0 0 ,0 0 0 . _s-ac*
E q uip notes due $ 3 6 ,0 0 0 s-a (V 9 0 . p 9 7 7 ) _____M a
—
__
. .
1 9 06
1 9 07
1908
1892
18 87
18 95
18 89
1888
1892
18 80
1883
1 9 05
19 04
1904
1902
1005
1 9 06
1 9 06
1907
1911
1 9 09
1901
Par
Value
1 ,0 0 0 A c
1 ,0 0 0 A c
1,666
i.o 'o o A c
100
1,000
100
$ A £
io o
1,000
Var
19 05
1911
1,000
1897
1,000
100
1 .0 0 0 A c
1,000
1,000
1,000
1892
1905
1 9 00
1 9 10
Rate
%
When
Payable
NEW YO RK & LONG BRANCH R R . — P erth A m b o y to B a y H e a d , N J .,
O p erated u nder an agree m e n t m ad e In 1888 for a period of 99
P en n. R R . an d C en t. R R . of N . J ., w hich Jointly an d sev erally
Interest an d 7 % on th e $ 2 ,0 0 0 ,0 0 0 sto c k , all ow n ed b y C entral
J.
O f th e bonds $ 1 9 2 ,0 0 0 are 5 s .— ( V . 7 2 , p . 4 3 8 .)
NEW YO RK NEW HAVEN & H ARTFO RD R R .— C overs S ou th e rn New
E n glan d an d the o n ly d irect routes betw een New Y o r k an d B osto n .
Leased (part Ownedi
M ites.
Lines Owned in Fee — •
M iles
O ld C o lo n y R R . (w hich s e e ) ___
61 9
J un ction near N . Y . C ity to
Lines Leased —
S p rin gfield , M a ss......... .....................122
P rovid en ce an d W o r c e s t e r ............
48
8 o s t o n , M a ss., to H op ew ell J e t .,
72
N . Y ...................................... - .................. 21 4 N o r w . A W o r c e ste r (w hich sec) .
315
O th e r lin e s ........... ............
Lines to P ro v id en ce . P ittsfield ,
L itch field , A o _____________________ 608 T rack to N .Y .C l t y , A c .( V .8 8 ,p .5 3 ) 44
T o ta l o p erated J u ly 1911 (1 0 6 m . has fou r an d 8 0 6 ra. tw o t r a c k s )___ 2 ,0 4 2
In A p ril 1908 N e w E n g la n d R R . w as m e rged .
V . 86. p . 10 43 . 1225.
T h e B o sto n R R . H o ld in g C o . (w hich se e ), ln corp . In M a ss. In Ju n e 1 9 0 9 ,
Jun e 3 0 1911 ow ned $ 2 1 ,9 1 8 ,9 0 0 o f th e B o sto n A M ain e c o m . an d $ 6 5 4 ,3 0 0
B o sto n A M ain e p ref. sto c k , or 5 1 % o f th e B . A M . sto ck (In cluding the
n ew Issue p u t o u t In J a n . 1 9 1 1 ).
T h e N ew H a v e n c o m p a n y has acqu ired
a ll th e c o m m o n sh ares, e x ce p t In corp orators’ s h a r e s .o f th e II o ld I n g C o ..a n d
gu aran tees the $ 2 7 ,0 5 1 ,4 0 0 4 % p ref. sh ares (of w hich $ 2 4 ,2 5 4 ,4 0 0 held In
N ew H a v e n treasury Ju n e 3 0 1 9 1 1 ) . p r ln . and d iv s ., thu s h avin g indirect
c o n tr o l o f the B . A M .
V . 88, p. 1621; V . 8 9 , p . 163, 83 9, 91 7, 9 9 4 ; V . 90,
p . 1614; V . 91, p. 154; V . 9 2 , p . 119.
In 19 10 the B erkshire R R . , N ew H a v e n A N o r th a m p to n an d R h od e
Isla n d A M a ssa c h u setts, M ilford A W o o n so c k e t an d M ilford F ranklin A
P rovid en ce were m e rged .
V . 9 1 , p . 1 5 4 , 11 16 ; V . 9 3 , p . 8 6 7 .
In O c t . 1904 $ 2 9 ,1 6 0 ,0 0 0 o f the $ 5 8 ,1 1 8 ,9 8 2 N . Y . O n t. A W e s t . c o m .
stock was acqu ired a t $4 5 per $ 1 0 0 sh are an d $ 2 ,2 0 0 o f the $ 4 ,0 0 0 p r e f.,
g iv in g access to an th racite m in es.
V . 7 9 , p . 20 86 , 2642: V . 8 0 , p. 1363.
In F e b . 1911 p urchased from th e N . Y . Central H ( $ 2 ,3 5 2 ,0 5 0 ) of th e $ 4 ,
7 0 4 ,1 0 0 m a jo r ity holdings of R u tla n d R R . p ref. s to c k , an d In M c h . 1911
acquired control of the M on tp elier A W e lls R iv e r , B arre an d Barro Branch
railroad s, In c l., w ith spurs 71 m iles.
V . 92, p. 527, 659.
O w n s greater p art o f sto ck of C entral N ew E n glan d R y . (w hich see) and
g u aran tees the $ 1 1 ,9 2 7 ,0 0 0 g e n . 4s sold in M a y 19 1 1 ; V . 9 2 , p . 1 1 7 9 , 13 7 5 ,
1 4 3 6 ; V . 9 3 , p. 8 6 6 .
In J u ly 1911 p urchased stock o f P ly m o u th (M a ss.)
A M id d leb orou gh R y ., 15 m iles.
V'. 9 3 , p. 2 8 6 .
In 19 06 acquired con trol o f H a rtfo rd A N ew Y o r k T r a n s. C o . an d In 1907
o n e -h a lf of the sto ck o f tho M e rc h an ts’ A M in ers’ T r a n sp o r ta tio n C o. V . 8 3 ,
p. 8 9 0 ; V . 84 , p. 221, 271, 391, 571, 626, 749; V . 85 , p. 858; V . 86. p. 721;
V . 88 . p . 10 02 ; V . 9 0 , p . 1 2 4 2 , 1 4 9 4 .
H a s 1 0 -y r . track age arran g em en t from J u ly 1 1911 ove r B o sto n A A lb a n y
R R . , term in ab le on one y e a r ’s n o tic e, sh arin g In o n e -h a lf the surplus or defi
c it.
V . 9 2 , p. 8 8 2 , 1 1 7 9 : V . 9 3 , p . 10 5, 8 6 7 .
T h e P e n n sylvan ia R R . on D e c. 31 1910 ow n ed $ 3 ,5 0 0 ,0 0 0 sto ck (and
$ 3 1 2 ,5 0 0 a llo t, rec eip ts), h a v in g acqu ired $ 2 ,5 0 0 ,0 0 0 In 1 9 1 0 . V . 9 0 , p .1 4 2 5 .
E L E C T R I C R A I L W A Y S . — M a y 31 1 9 07 th e C o n solid ated R y ., a con
solid ation o f various controlled electric ra ilw a y s, chiefly In C on n ec ticu t,
aggre gatin g a b ou t 7 7 0 m . o f track purchased the p ro p e rty o f tho N ew
E ngland N a v ig a tio n C o ., o w n in g th e F all R iver and o th er stea m sh ip lines:
ts cap ital sto ck , as then Increased from $ 1 0 ,0 0 0 ,0 0 0 to $ 3 0 ,0 0 0 ,0 0 0 , w as
ex ch an ge d b y th e N . Y . N . I I . A I I . H R ., as ow n er th e re of, for Its ow n
S tock .
V . 8 4 , p. 10 52 , 1 1 1 4 , 12 4 2 . 1 3 0 8 , 1 4 2 4 ; V . 8 5 , p. 8 5 9 ; V . 8 9 . p. 5 9 4 .
In D ec. 1 9 06 C onsol. R y . leased C o n n . U y . A L t g . C o ., o p eratin g 193 m iles.
( V . 8 3 , p . 1 5 2 5 ; V . 8 4 , p . 5 0 8 .)
T h e C on n ecticu t p roperties are now
op erated b y the C o n n ecticu t C o ., w hose $ 4 0 ,0 0 0 ,0 0 0 cap ital stock Is .ill
ow n ed b y th e N ew H a v e n R R .
V . 91 , p. 87 1.
S ee “ E lectric R y . S e c .’ ’
A lso D e c. t 9 0 6 acqu ired control o f R h o d e Is l. S ec . C o ., controllin g street
r y s. (311 m . ) , o f P rovid en ce an d v ic in ity , $ 1 9 ,8 9 8 ,0 0 0 P r o v . S ec. 4 % d e b s,
being g u a r ., p. A i.
V . 8 3 . p . 15 2 5 ; V . 8 4 , p. 1 1 1 4 : V . 8 5 , p . 8 5 8 ; V . 0 2 .
p. 462.
In Ju ly 1909 large block o f U n ited T r a c . A E le c. C o. of P r o v i
dence stock (to tal o u tst. $ 8 ,000,000) w as acqu ired on the basis of 8 shares
for 5 sh ares of N ew H aven sto c k .
V . 8 9 , p. 1 0 5 .
In M a y 1908 the S u
p rem e J ud icial C ourt o f M a ssa c h u setts declared Illegal the control of 6
M ass, trolley roa d s, sin ce d isposed o f ( V . 8 6 , p . 1 2 8 5 , 15 90 ; V . 88 , p.
5 0 7 , 6 2 5 , 9 4 5 , 16 2 1 : V . 8 9 , p. 1 6 3 ); " t h e o n ly Interest n ot elim in a ted Is the
en d o rsem e n t upon the shares o f th e S prin gfield R y . C om p anies and th e N ew
E n glan d In v e stm e n t A S ec u r ity C o . "
S ee “ E lectric R a ilw a y ” Section and
V . 89, p. 839; V . 9 1 , p. 941.
In J u n e 1 9 10 w as au th orized to acqu ire stock
In Berkshire (M ass.) S treet R y ., m erger with the Springfield R y . being pro
posed as Springfield A B erk shire R y .
V . 9 0 , p . 1 5 5 4 , 16 14 ; V . 9 2 . p . 9 5 6 .
In Jun e 1911 took ove r throu gh th e R h o d e Island C o. u nder lon g leases the
P rovtdenco A D an ielson R y . an d S ea v le w R R . , 52 m iles, Increasing the
Street r a ilw ay m ileage, sin gle tra ck , to a b o u t 1 ,4 0 0 ; also N arragan sett
Pier R R . , 8 H m .
V . 92, p. 1501, 15 65 .
O n Jun e 3 0 1911 there were ou tsta n d in g bon d s of electric roads leased ,
n terest on w hich is paid as ren tal, oth er th an C o n n . R y . A L t g . C o. show n
In ta b le a b o v e , aggregatin g $ 1 9 ,6 0 8 ,0 0 0 . •
•
•
O w n s praotlcally all the sto ck o f the N . Y . ’ W e stc h e ste r A B o sto n , under
constru ction betw een 177th S t . . ivN . Y . C ., a n d f M t . V ern o n . A c .; total
track'age to be 7 4 .5 7 m ile s,lo t w h lch J 50.5 7 held in jfec and 2 4 fm . under per
petual tra ck age’ righ ts.
V . 8 5 , p . 11 4 3 ; V 1 8 6 , p . 1 0 8 ,(.1 6 9 ; V . 8 7 . r>. 115,
Last Dividend
and M aturity
M A N M ay 1
$ 1 5 ,0 0 0 ,0 0 0
4
A
2 7 .9 8 5 .0 0 0
4
O Apr 1
A
3 9 ,0 2 9 ,9 0 0
J A J 15 J an 15
6 g
A
1 ,000,000
O Apr 1
4 g
A
M A N N ov 1
2 ,8 3 9 ,0 0 0
5 g
A
1 7 ,5 0 0 ,0 0 0 4 g A 5 g J
J J u ly 1
A
1 ,5 0 0 ,0 0 0
4
O Apr 1
A
M A N M ay 1
5 7 5 ,0 0 0
5
7 5 0 ,0 0 0
A
J J u ly 1
5 g
J
5 0 0 ,0 0 0
5 A 6 J
A
J J u ly 1
5
A
1 5 0 ,0 0 0
A
O Apr 1
D Jun e 1
3 5 0 ,0 0 0
J
A
4 g
M A
N M ay 1
1 5 ,0 0 0 ,0 0 0
4 g
2 ,5 0 0 ,0 0 0
N M ay 1
4 g
M A
2 3 4 .0 0 0
3H
A
A
O O ct 1
A
3 ,7 7 7 ,0 0 0
F
A Aug 1
4 g
2 ,4 0 0 .0 0 0
4
D Jun e 1
A
J
M A
4 ,0 0 0 ,0 0 0
S M ch 1
4 g
1 9 ,8 9 9 .0 0 0
M
4 g
4
4 ,0 0 0 ,0 0 0
J
1 7 ,2 0 0 ,0 0 0
4 >4 g J
1 6 ,2 5 0 ,0 0 0
3 .3 8 7 ,9 5 0
4
J
1 2 ,4 9 1 .3 7 8
4H g J
M
2 9 0 .0 0 0
5 g
9 ,3 3 0 ,0 0 0 4 . 4 k . 5
A
A
A
200,000
1 ,5 0 0 ,0 0 0
4
5 8 ,1 1 3 ,9 8 2 See te x t
2 0 .000.000
4 g
6 .6 5 0 ,0 0 0
4 g
1 ,8 0 0 ,0 0 0
5 g
6 1 2 ,0 0 0
4 14
1956
19 22
1048
1 9 42
1 9 37
1 9 45
1 9 30
19 18
1922
1 9 20
19 25
1 9 55
1 9 54
1 9 54
1930
1 9 55
1 9 56
1956
Places Where Interest and
Dividends are Payable
L in coln N a t B a n k . N Y
P a r is, L o n d o n , A o
N ew H a v e n S a v in g s B k
F a rm e rs’ L A T r C o , N Y
S afe D ep A T r C o , B o sto n
C o u p , office; reg. m ailed
N ew H a v e n , Conn
L in co ln N a t B a n k . N Y
N e w H a v e n , C onn
do
do
do
do
N ew Y ork
N ew H a v e n , C onn
T r e a s, N e w H a v e n , Conn
S econ d N a t B a n k , N H
do
do
S econ d N a t B a n k , N H
A
A
A
N ew Y o r k A N e w H a v e n
N M ay 1 1957
J J u ly 1911
2%
J J u ly 1 1946
N ew Y o rk A London ■ •
Apr 1 1 9 2 4
J J u ly ’ l l , 2 %
T r u st Co o f A m e r , N Y
J Jan 1 1951
N S ep t 1 1912
1 9 1 2 to 1951
1 9 14 to 1 9 32
1 9 55
1 9 12 to 1 9 34
A
A
o
Apr
A
See
M
J
J
A
A
o
O ct 1 1 0 47
A u g 15 1911 2 %
Jun e 1 1992
Jun e 1 1 9 55
Deo ’ 1 1-D e c *15
T o A pril 1 1920
3 ,6 0 0 ,0 0 0
4
(T)
4 i 4j 5 A 6
NEW YO RK LACK AW AN N A & W ESTERN R Y .— B in g h a m to n to B uf
falo and In te rn a t. B ridge and b ranches, 2 1 4 m ., of w hich the m ain lin e, 213
m .. Is d o u b le tra ck ; D. L. A W . has a lease for d u ration o f charter from O c t.
1 8 8 2 , g ivin g a g u a ra n ty o f the b ond s and 5 % ye arly on the s to c k . See form
o f g u a ra n ty o f term inal b ond s In V 6 7 . p . 1 3 5 7 ; see also V . 6 8 , p . 2 8 3 .
Amount
Outstanding
5 0 0 fr sA c
10 0 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
as a d ivid en d on th e sto c k , p a y a b le 2 % In A p ril an d 2 % in O c to b e r , b u t
ow in g to the franchise ta x litig a tio n ,th e p a y m e n t of d ivid en d s o u t o f the
stre et railroad ren tal w as d iscon tinu ed after the O c to b e r 1908 d ivid en d
an d resu m ed on O c t. 1 1910 u pon a 3 % per an n u m basis; In O c t. 1 9 1 1 , how
e v e r . the full 2 % w as d eclared .
T h e accu m u late d u nd istrib u ted rental from
the stre et railroad Is h eld In reserve to p rote ct the c o m p a n y again st an y a d
verse circu m stan c es.— ( V . 9 3 , p . 7 3 1 .)
38 m iles.
years w ith
g u aran tee
R R . of N .
[VOL. LXXXXIII.
RAILWAY STOCKS AND BONDS.
te x t
A
s
A D
A
I)
A
O
11951
T re asu rer, N H a v
Conn
R I H o sp A T r C o . P rov
Checks m ailed
O ffic e , 56 B eave r S t . N Y
do
do
G u a ra n ty T r u st C o .N Y
4 8 0 , 8 7 0 ; V . 8 7 , p . 1 4 2 0 , 1 4 2 1 ; V . 8 8 , p . 5 0 7 , 6 2 5 ; V . 8 9 , p . 15 9 7 ; V . 9 0 , p.
23 7 . 9 1 4 ; V . 9 1 , p . 3 3 7 , 11 6 1 ; V . 9 3 , p . 2 8 6 , 3 4 6 , 8 66 .
S T O C K .— A u th o riz e d issue u n lim ite d .
Issued Jun e 30 19 1 1 , $ 1 7 8 ,
7 9 8 ,5 0 0 .
T h ere w as held In treasury o f N ew E n glan d N a v ig a tio n C o .
and R h od e Island C o. June 3 0 1911 $ 2 1 ,3 2 3 ,4 0 0 and $ 1 4 7 ,0 0 0 sto c k , respec
t iv e ly .
S to c k h o ld e rs and con ve rtib le d eb en tu re h olders su bscrib ed late In 1909
for $ 4 4 ,6 4 5 ,4 0 0 of the new sto ck pro r a ta a t 1 2 5 , p a y a b le In In sta llm en ts
to Jun e 2 0 19 1 1 .
V . 8 9 , p. 11 4 2 , 12 2 3 : V . 9 0 , p. 1 0 4 5 ; V . 9 1 , p . 9 4 1 .
The
sto c k is also being increased b y conversion of 3 ).;s of 19 0 6 , w hich conversion
Is a c tiv e ly goin g o n . a b ou t $ 1 8 ,4 2 4 ,8 0 0 being c on verted O c to b e r 1 9 1 1 .
D I V I D E N D S . — 1 1 8 7 3 -1 8 9 3 .
1894.
1 8 95 to S e p t. T 1 (In c lu siv e ).
10 y e a rly .
9
8 (2 % q u a r t e r ly ).
P e r c e n t ----------- . . . . (
B O N D S .— H arle m R iver A P ortch ester D l v . 4s o f 1 9 0 4 , V . 8 5 , p. 1 1 4 3 .
U n d er lease “ assu m ed ” d eb t of O ld C o lo n y R R . , w hich see.
Outstanding Notes; Also Debentures Assumed as o f July 1911 M aturity.
Notes. A c ., Outstanding. Maturity C o n a .R y (se o V .8 4 p .1 1 1 4 ) —
4 % 1 9 0 4 . . . $ 4 , 2 5 5 0 0 0 J u ly 1 ’ 54
5 -y e a r 5 % ------$ 3 0 0 ,0 0 0 J an. 1 ’ 12
5 year 5 % ------- 6 ,4 0 0 ,0 0 0 J an . 9 ’ 12
4%
1 0 0 5 . . . 2 ,3 0 9 ,0 0 0 J an. 1 5 6
4%
1 9 0 5 . . . 1 ,3 4 0 ,0 0 0 A p ril 1 ’ 55
4 K % ..............-.2 2 ,5 9 0 ,0 0 0 J a n M c h ’ 12
St. Ry Debentures, A c ., Assumed —
4%
1 9 0 6 . . . 2 ,0 1 1 ,0 0 0 J a n . 1 ’ 66
I I a r t f S t . 4 % . $ 1 6 5 ,0 0 0
J a n . 1’ 30
3 - 3 l * - 4 % ’ 05
9 7 2 ,0 0 0 F e b . 1 ’ 3 0
,
F arm . S t. 5 %
3 0 ,0 0 0
J u ly 1’ 24
T h e 3 J3 % cou p on d eb en tu re certfs. d a te d 1 9 0 6 , d u e J a n . 1 1 9 5 6 , are c o n
v e rtib le a t a par of $ 1 5 0 for $ 1 0 0 sto ck b etw een J a n . 1 1911 an d J a n . 1 1 9 1 6 ,
an d h a v e been so reduced from $ 2 9 ,9 9 7 ,3 0 0 to a m o u n t sh ow n a t to p o f
page a b o v e .
V . 8 1 , p, 9 7 6 , 1 0 3 9 . 14 9 3 ; V . 8 4 , p . 1 0 3 , 6 9 4 .
In F e b . 19 07 1 4 5 ,0 0 0 ,0 0 0 francs ( $ 2 9 ,0 0 0 ,0 0 0 ) 4 % 15 -y e a r deb en tu res
w ith a fixed rate In m arks an d £ w ere s o ld .
V. 84, p. 391, 450, 508, 804,
931.
P rovidence T e rm in al C o. b o n d s ( $ 7 ,5 0 0 ,0 0 0 a u th o r iz e d ), see V . 8 2 ,
p . 9 2 9 . 6 2 9 , 6 9 3 , 1 2 1 3 . 13 2 3 ; V . 8 3 . p . 9 8 . 8 1 9 .
T h e $ 3 9 ,0 2 9 ,9 0 0 6 % d eb en tu res d ate d 1 9 08 an d d u e J a n . 15 1 9 48 are con
vertib le Into sto ck after J a n . 15 1923 a t p a r, an d are to be secured b y a n y
m tg e . hereafter created c overin g tho m ain lines betw een W o o d la w n , N . Y .
C ity , an d S prin gfield , M a s s ., or N e w H a v e n . C o n n ., an d P rovid en ce , R . I .
V . 8 5 . p. 1 2 7 0 , 13 3 9 , 1 4 0 2 , 1 6 4 7 .
In J an . 1911 sold $ 2 2 ,0 0 0 ,0 0 0 o n e -y e a r 4 13 % n o te s, o f w hich $ 2 ,0 0 0 ,0 0 0
m atu re J a n . 10 1 9 1 2 , $ 1 0 ,0 0 0 ,0 0 0 F e b . 1 1912 an d rem ainin g $ 1 9 ,0 0 0 ,0 0 0
M ch. 1 19 1 2 .
V . 92, p. 188, 396.
E A R N I N G S .— 2 m o s ., / lo t l _____ .G r o s s , $ 1 0 ,7 9 5 ,7 2 8 ; n e t, $ 4 ,0 5 5 ,7 5 1
J u ly 1 to A u g . 3 1 .
\ 1 0 1 0 ______ G ross,
1 0 ,8 9 9 ,5 7 5 ; n e t,
4 ,1 4 8 ,7 9 1
A N N U A L R E P O R T .— R o p o rt for 1 9 1 0 -1 1 In V . 9 3 . p . 8 66 .
Year ending June 3 0 —
1911.
1910.
1909.
M iles o p e r a te d ____________________________
2 ,0 4 1
2 ,0 4 2
2 ,0 4 4
Passenger ea rn in g s...........................................$ 3 0 ,1 5 4 ,9 1 6 $ 2 9 ,0 0 5 ,8 9 0 $ 2 6 ,3 2 3 ,4 6 #
F reight ea rn in g s.............................. _ ............. 3 0 ,3 2 9 ,0 9 2
3 0 ,1 1 0 ,5 8 8
2 6 ,5 9 5 ,9 7 0
M is c e lla n e o u s .....................................................
1 ,6 6 9 ,4 2 7
1 ,5 7 7 ,1 8 9
1 ,4 2 8 ,1 9 2
Gross ea rn in g s................................................ $ 6 0 ,1 5 3 ,4 3 5
N e t e a r n in g s .....................
$ 2 1 ,2 5 4 ,8 0 2
N e t earnings street r a ilw a y s__________ i 1 ,3 9 9 ,7 9 3 1
N e t earnings stea m sh ip lin es.............. \
N e t ou tsid e o p e r a tio n s_________
9 ,1 7 8 ,9 2 8
$ 6 0 ,6 9 3 ,6 6 8 $ 5 4 ,3 4 7 ,6 3 1
$ 2 2 ,0 0 4 ,4 5 2 $ 1 8 ,2 6 7 ,3 2 4
2 ,2 5 4 ,2 7 8
3 ,6 4 4 ,3 1 5
1 ,3 0 8 ,4 7 0
1 ,2 1 4 ,3 0 7
0 ,7 3 7 ,1 4 7
4 ,5 9 3 ,4 8 9
T o ta l net in c o m e ...........................................$ 3 1 ,8 3 3 ,5 2 3
In te rest on b o n d s. A c ..................
$ 1 0 ,7 1 0 ,3 8 9
R e n tals of leased lin e s...... ..............
4 ,4 7 8 ,3 2 4
T a x e s ..................................
3 ,5 7 8 ,3 0 3
O th er rents and gu aran teed d ivid en d s
1 ,8 7 4 ,1 3 5
H ire o f e q u ip m e n t______________________
________
D ivid end s (8 % ) _________________________ 1 2 ,4 5 4 ,8 5 2
M is c e lla n e o u s ____________________________
5 ,0 0 0
$ 3 2 ,3 0 4 ,3 4 7 $ 2 7 ,7 1 9 ,4 3 6
$ 1 0 ,6 7 7 ,4 5 9 $ 1 0 ,4 2 4 ,9 3 2
5 ,1 3 3 ,7 1 7
3 ,0 5 6 .2 9 4
3 ,9 8 3 ,3 7 7
3 ,4 4 6 ,1 2 6
1 ,7 0 2 ,4 3 0
1 ,9 7 8 ,2 8 1
4 6 0 ,4 3 0
9 ,7 5 0 ,0 8 1
7 ,8 8 3 ,8 4 2
1 0 ,4 9 0
2 3 ,1 4 3
B a la n c e ...................._ ................................d e f .l ,2 6 7 ,5 1 0 s u r $ l ,0 3 7 ,7 9 3 d f .$ 4 5 3 ,6 1 3
C om b ined earnings of s y s te m , ex ce p tin g N . Y . O n t. A W e ste rn , B oston A
M aine anil M aine C en tral for year en d in g Jun e 3 0 1911 w ere: G ross, $ 8 7 ,
2 3 0 ,9 6 3 ; net after ta x e s, $ 2 5 ,8 7 0 ,4 6 1 ; oth er in com e, $ 3 ,5 0 4 ,0 5 7 ; l n t .,
ren tals. A c .. $ 1 8 ,8 0 6 ,1 1 6 ; d iv s ., $ 1 0 ,8 8 6 ,6 9 1 ; b a l., d c f ., $ 3 1 3 ,2 8 9 .
O F F I C E R S .— P r e s ., C h as. S . M ellon , N ew H a v e n ; S e c ., A r th u r E . C lark .
T r e a s ., A u gu stu s S . M a y , N ew H a v e n . C on n .
D irectors.— W illia m S kin n er, H o ly o k e , M a ss.; J as. S . E lto n , W a t e r b u r y ,
C on ti.; C h as. S . M ellen , New H a v e n , C o n n .; J . P lerp on t M organ , W illiam '
R o ck efeller, G eo. F . B ak er, George M cC . M iller, Lew is C ass L e d y a r d ,
Charles M. P r a tt, N ew Y o r k ; D . N ew ton B arn ey, F a rm in g to n , C onn ;
A m o r y A . L aw ren ce, A le x a n d e r C och rane an d T h eo d o re N . V a il, B osto n ;
R . W . T a f t , P rovid en ce; C . F . B rook er, A n so n la , C o n n .; I . Dc V . W a r n e r ,
B ridgep ort; J am es M cC rea, T lio s . D e W i t t C u v ie r , P h ila d e lp h ia , P a .;
J am es S . H e m in g w a y , G e o . J . B ru sh , F r e ilk . F . B rew ster, A . H ea to n
R o b e rtso n , N ew H a v e n ; E d w in M iln er, M o o su p , C o n n .; H e n r y K . M o IIa r g ,
S ta m fo r d . C o n n .; J ohn L . B illa rd , M erid en , C o n n .; F ran cis T . M a x w e ll,
R o c k v ille , C o n n ,; E d w a rd M illigan , H a r tfo rd , C o n n .— V . 9 2 , p . 1 3 7 5 ,
1 4 3 6 , 15 0 0 , 1 5 6 5 , 1 6 3 6 ; V . 9 3 , p . 1 0 5 , 2 8 6 , 3 4 6 , 5 8 9 , 7 3 1 , 7 9 6 , 8 6 6 .
NEW YORK ONTARIO & WESTERN R Y . -O p e r a t e s from W echawken,
o p p o site N . Y . C ity , to O sw e g o , on
Road Owned—
M ile s.'
O sw ego to C ornw all, N . \r ..................27 2
Branch to N ew B erlin _______________ 22
do
to D e lh i_______ _____________ 17
do
to E llc n v l lle _______________
8
L ak e O n ta rio :
"
J Controlled,
~
' '
Road
A c.—
Miles.
P ec k sp ort, C on n , (le a se d )..................
4
O n tario
C arb . A S . (leased)
C ad osla, N . Y . , to S c r a n to n , P a . 74
R o m e A C lin ton (le a s e d ).....................* 1 3
U tica C linton A B ing. (le a s e d )- - . * 3 1
T o ta l o w n e d ______________________ 3 1 9 W h a r to n V a lle y (o w n e d )___________
7
Trackage (U U 2079) W .S h o r e R R .:
E llenvltle A K in gston ( le a s e d ) -- 27
C ’nw all to W ’ ken ( V . f l l , p . 4 2 5 ) . 53 P ort Jervis M o n t. A S u m m ltv llle
• See this c o m p a n y .
(ow n ed an d le a s e d )_______________ 38
T o ta l op erated J u ly 1 1 9 1 1 . . -------------------------------------------------------------------------- 56 6
C O N T R O L .— In O c t . 1 9 0 4 N . Y . N . H . A H . R R , acqu ired $ 2 9 ,1 6 0 ,0 0 0
c o m . stock a t $ 4 5 per sh are an d $ 2 ,2 0 0 o f the $ 4 ,0 u 0 p r e f. V . 7 9 , p . 2 0 8 6 ,
2643: V . 80, p . 1363. 24 58 ; V , 8 1 , p. 1044.
Vernoi
Relief01
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CONNECTIONS.
94
R A IL R O A D C O M P A N I E S
\For abbreviations, A c . , see notes on first page]
N e w Y o r k O n tario & W e s te r n —-(C oncluded)—
E q u ip n otes d u e $ 3 5 ,0 0 0 s -a ( V 9 2 , p 6 6 0 ) ------------M a
N e w Y ork & O t t a w a — First m ortg a g e $ 2 ,5 0 0 ,0 0 0 g Q
N ew Y ork Phila & N orfolk— S to c k , to be $ 3 ,7 5 0 ,0 0 0
F ir s t m tg e $ 3 ,0 0 0 ,0 0 0 g ( V 6 8 , p 7 7 3 , 9 7 8 ) - - - F P . c *
In c o m e m tg e g n o n -c u m regls (V 68, p 9 7 8 ) ------- FP
N e w Y ork & P u tn a m — N Y A N o rth 1st M gold - - . c
N Y A P u t cons $ 6 ,2 0 0 ,0 0 0 g gu ar p & l(end ) - U n .c *
N Y & R o ck a w u y B each — 1st M $ 1 ,0 0 0 ,0 0 0 g g u .C e .c *
S econ d m tg e in com e b o n d s n o n -c u m u la tlv e ------- C e.r
N Y Short Line— 1st M $ 1 ,5 0 0 ,0 0 0 g g u p A I P eP .x c *
N Y S usq & W e s t — M id lan d R R 1st M g e x t 1 0 -C e .c *
P aterson E x te n R R 1st M e x t In 1910 a t 5 % s f g c *
N e w Y o r k S u sq u & W e ste r n first M ref g --------- C c.c
S econ d M ( $ 1 ,0 0 0 ,0 0 0 gold) 3d M o n 7 2 m . - C e .c *
General m ortg a g e for $ 3 ,0 0 0 ,0 0 0 g o l d - - - - - C e . c
T e rm in a l first m tge tor $ 2 ,000,000 g o l d - - - - U s . c Ar
E q u ip m e n t n otes series A d u e $ 4 0 ,0 0 0 se m i-a n n u a lly
M iles
Road
128
112
112
57
57
12
12
9M
72
1
127
12 7
127
- - .
Amount
Outstanding
Date
Bonds
Par
Value
1911
1 9 05
8 1 ,0 0 0
1 ,0 0 0 A c
50
1,000
1.000
1,000
1,000
1,000
1,000
1,000
50 0 A c
1.000
1,000
1.000
1,000
1 .0 0 0 A c
1,000
18 99
1890
1887
18 94
1887
1887
1 9 07
1880
1881
1887
1887
1890
1893
1911
1,000
65 1892
W ilk e s -B & K ’ n 1st M g gu p & 1 (V 6 0 p 4 8 1 ) Q.C
500
3 18 85
P assalo & N Y 1st M (99 9 years ren tal) e x t 1 9 1 0 - . .
1,000
2 1896
M a c o p ln R R first m tg e (b ran ch to M acop ln Lake)
1887
N Y S usq & VV C oal Co 1st M red at 110 sink f d - . c "
50 0
18 93
N Y A W ilk e s-B a r re C oal Co first m o r t g a g e -- - - - - N
N ew Y ork T e x a s & M exico -S e e G a lv e sto n H arrisb urg A S an A n t o n lo
50
4 —
N ew ark & B lo o m fie ld — S to c k , 6 % r e n t a l- - - - - - - - - - N e w p o r t & C incinn ati B ridge
See L ou isville & N ash vllle.
50 0 A c
15 1911
N ezp erce & Id ah o— 1st M red p art y r ly 105
C C .c*
1.000
1902
Text
N iagara Junction R y -F irst M $ 6 5 0 ,0 0 0 g o ld . Ba c
1,000
6 1898
N orfolk & P o r tsm o u th B elt Line— F irst m ortgage FP
500AC
4 .6 1 9 0 5
E llz R lv 1st M g gu p A 1 aif red 10 5 beg 1911 Q P .c
N orfolk & C arolina
See A tla n t ic C oast L in e R R .
100
N orfolk S ou th ern — S to c k $ 1 6 ,0 0 0 ,0 0 0 a u th o r ize d . . . 1,000
22 3
1891
F irst m ortgage
..............- - - - - -------- V , " V i u t,Cn
1.000
1
9
04
22
3
F ir st general m ortgage gold red eem ab le a t 1 1 5 — U
1,000
75 1902
S u ffolk A Carolina first cons m tg e gold red 1 1 0 — c
504
P rop osed new m ortg a g e $ 3 5 , 0 0 0 , 0 0 0 . . -----------------504 1910
F irst and ref M $ 1 2 , 000,000, to be r e t i r e d ..............10 .0 0 0 A C
1910
C ollateral gold n otes red ee m ab le a t p a r . ...............-C e
1911 |....................
___
N orfolk T erm in al R y — First M $ 2,000 000 e guar _
N orfolk & W e s te r n — C om m o n stock $ 1 5 0 ,0 0 0 ,0 0 0 . u
S T O C K . - Stock Is $ 5 8 ,1 1 7 ,9 8 2 (par $1 00 i o f which $ 4 ,0 0 o m old p 'e f
A 3 % d ivid en d w as paid In J a n . 1 9 0 5 , v e stin g In the sh areholders d irectly
th e righ t to elect all the d irectors.
V . 7 9 . p. 97 7 , 98 0, 1332.
D I V I D E N D S . — Com , J a n . ' 0 5 , 3 % , J u ly . 1 H % ; ’0 6 to 11 2 % e a ch .
B O N D S A c . —Refunding mtge. tor $ 2 0 ,0 0 0 ,0 0 0 covers 3 1 9 m iles o f road
o w n e d , all the securities of the O n t. G arb . & S cran . R y .. 54 m iles, and all
a fter-a c q u ire d p ro p e rty .
V . 7 2 , p . 8 7 : V . 7 8 , p. 2 0 1 2 : V . 80
p. 651.
O f th e $ 1 2 ,0 0 0 ,0 0 0 general M . 4s o f 19 04 $ 6 ,6 5 0 ,0 0 0 h a v e been Issued,
rem ain d er reserved for futu re n eed s.
V . 7 9 , p. 1332, 1462; V . 92, p. 462.
E arly in the calendar year 1809 the coal properties a t S cr a n to n , P a ., of the
L a c k . Iron A Steel C o. (th e cap a c ity o f the collieries then open being a b ou t
7 0 0 0 0 0 ton s per an n u m ) w ere purchased b y th e S cran ton C oal C o ., aided
b v loan s from th e N Y . O & W \ . th e latte r Issuing Its $ 2 ,5 0 0 ,0 0 0 5 % n otes
(final In sta llm e n t paid F e b . 1 9 1 1 ) , an d loan in g $ 1 ,4 7 5 ,0 0 0 (of which
$ 3 0 5 ,0 0 0 has been re p a id ), the O . & W . o b ta in in g c on tract for entire
to n n a g e .
V . 6 8 , p . 4 1 , 4 2 9 ; V . 6 9 , p. 6 0 4 , 6 4 6 ; V . 8 1 , p . 1792 .
In N o v . 19 00 eight In d ep en dent an th racite properties w ith a m a x im u m
o u tp u t o f 2 ,0 0 0 .0 0 0 tons a n n u ally were m erged as the Elk H I C oal « Iron
Co
th e N . Y O . A VV. Issuing Its $ 3 ,5 0 0 ,0 0 0 5
s. f. first lien gold n otes
secured by th e C oal A Iron C o .’s 1st m tge . these n otes m atu rin g $ 7 5 ,0 0 0
each 6 m o s ., b eginning June 1 ’ 0 1 . to Jun e 1 11 . and th ereafter $ 2 0 0 ,0 0 0
sem i-a n n u a lly to D ec. 1 '1 5 T h e n otes are secured pari passu w ith the bonds
Issued1u n d e r L e ° g e n . m tg e . o f 19 05 T h e Elk H ill Co also m ad e a 2d m tg e .
to th e N . Y . O . A W . for $ 2 ,4 0 0 ,0 0 0 a t 5 % . V . 7 1 , p . 1 2 7 0 . V . 7 3 , p . 501
E A R N I N G S — For 2 m o n th s en d in g A u g . 3 1 :
■i Months__
Gross.
Net.
Charges.
B at., Sur.
1011
^
$1 8 8 4 ,0 1 0
$ 6 4 1 ,2 5 0
$ 2 1 5 ,9 8 9
$ 4 2 5 ,2 6 1
19 10
i .9 i l:8 7 2
764.292
2 3 3 ,1 1 3
5 3 1.17 0
R E P O R T __ For 1 9 1 0 - 1 1 In V . 9 3 , p . 7 2 5 .
Coal traffic In 1 9 1 0 - 1 1 . 3 ,7 0 4 ,
2 4 ? ton s (ou t o f 6 ,6 2 0 ,7 4 1 t o n s ), a g a in st 3 1 5 4 ,0 0 4 to n s In 1 9 0 8 - ° 9 -0 9
rear ending June 3 0 —
1 ? 10-11 •
1 900- 1 ° l_ 9 0 8 -0 9 .
G ross e a r n in g s .................................................. 5 §
N e t earnings over ta x e s - - - - - ...............
2 ,4 9 6 ,4 8 3
T o ta l net Incom e. Inch " o t h e r ...............
2 ,8 8 0 ,6 2 6
In te r e st on funded d e b t - - - - ........... - - 1 .0 3 0 ,8 8 1
M iscellaneous Interest an d d is c o u n t -1 4 -..4 J 6
R e n ta ls an d hire of e q u ip m e n t...............
9 6 4 ,3 1 3
D iv id e n d s ( 2 % ) ...............................................
1 ,1 6 2 ,3 3 6 ___________________
Rninnee « „ rnlus
d e l. $ 1 9 ,4 0 0
$ 1 5 0 ,4 7 0
$ 1 8 0 ,8 0 5
P m t . T h o s P Fow T e'rr Office. 56 Beaver S t . , N . Y . . to be m oved to
G ran d C en tral S t a t io n .— -( V . 9 2 , p . 6 6 0 ; V . 9 3 , p . 4 5 , lO o , 3 4 3 , 7 2 5 .)
N F W Y O R K & O T T A W A R Y . — T u p p e r L a k e , N Y . , to O tta w a , C a n .12 6 m . Including O tta w a A N . Y . , w hose stock Is o w n e d .
S uccessor to
N E W Y O R K P H I L A D E L P H I A & N O R F O L K R R .— In Jan 1909 all but
$7 2 5 0 of the $ 2 ,5 0 0 ,0 0 0 stock had acce p ted the offer o f the P en n sylvan ia
R R . to b u y the stock with 4 % 4 0 -y r . tru st c e r tfs ., gu ar prln andI In t.
b y P en n a . R R . on basis of $ 3 ,0 0 0 certs, for $ 1 ,0 0 0 stock ( V . 9 0 , p . 9 7 7 ) .
I n 1 9 1 0 Increase in stock $ 2 ,5 0 0 ,0 0 0 to $ 3 ,7 5 0 ,0 0 0 was a u th . V . 9 0 , p . 1102
N E W Y O R K & P U T N A M R R , - O w n s 15 5th S t . an d 8th A v e . N . Y
C itv (term in u s M an hatta n E le v a te d ), to B rew sters. N . Y . , 54 m iles: d o u b le
tra ck b ranch to Y o n k e r s. 3 m iles; con trols b y stock 2 in .; t o ta l, 59 m iles.
H I S T O R Y . — Successor to the N . Y . A N o rth e rn , sold u nder foreclosure
o f 2d m tg e . D ec. 28 ’ 9 3 , and purchased for N . Y . C en t. A H u d . R l v . R R
w h ic h ow n s $ 6 ,5 0 0 ,0 0 0 stock an d leases the r o a d .— see V . 6 3 , p . 7 5 4 , 8 2 0 ,
11 5 9 - V 81 p. 2 6 5 .
N . Y . C en tra l gu arantees th e con solidated m o rt
g a g e ’ b o n d s .’ o f w hich $ 1 ,000,000 w ere reserved for Im p r o v e m e n ts; also
$ 1 ,2 0 0 ,0 0 0 to retire a t m a tu r ity the first 5 s .— ( V . 8 2 , p . 2 7 2 .)
1911 $ 1 0 1 .0 0 0 firsts w ere ow n ed b y L . I . R R
togeth e r w ith $ 9 7 8 ,6 6 7 o f th e
In c o m es.
V . 8 3 , p. 8 9 0 .
C alen d ar year 1 9 1 0 , gross, $ 1 ,0 4 3 ,3 2 3 , n e t,
$ 3 6 0 ,9 4 9 ; ch arges, $ 1 8 8 ,7 2 4 ; b a l., s u r p .. $ 1 7 2 ,2 2 5 .— ( V . 8 3 , p . 8 9 0 .)
N E W Y O R K S H O R T L IN E R R . — O w n s a c u t-o ff for the R e ad in g C o .
b etw ee n C h elten h am and N e sh a m ln y F alls, 9 .2 5 m iles, op en ed M ay
1906
V 79 d 1038.
T o be 4-tr a c k e d — 2 tracks laid a t present an d on
2 m iles 3 tra ck s
Leased to P h ila. A R e a d in g R y for 0 9 9 years from F e b . 1
1907.
T h e $ 2 5 0 ,0 0 0 stock Is ow n ed b y R e ad in g Co
w hich gu arantees the
b o n d s, principal an d In te rest.— ( V . 8 4 , p. 15.>2. V 8 7 , p . 1 4 2 1 .)
N E W Y O R K S U S Q U E H A N N A & W E S T E R N ^ R R . - l S e ^ E r f e M ap.) g
Owned (in fee) or entire stock, M iles. S u sq . C on n ectin g R R .
—ity to G
- ravel P L , -P a ------- 101
• "* O th e r branches — .................................... 24
J ersey C
Leased — M id . U n . A W a t e r G a p . 14
(D o u b le track 19 m iles.)
3
B ea v e r L a k e , N . J .. to UntonvIUe 21 T r a c k a g e ................. - ..................................
W U k esbarre A E a s t e r n .----------- - - 85 ■
T o ta l road op erated June 3 0 1 9 1 1 ----------------------------- -----------------------------------S T O C K . — Pref . $ 1 3 ,0 0 0 ,0 0 0 : c o m .. $ 1 3 .0 0 0 .0 0 0 o f w hich th e E r le o w n e d
J un e 30 1911 $ 2 5 ,5 9 5 ,5 0 2 c o m . and p r e f.. of th is $ 6 ,6 3 0 ,0 0 0 c o m . and
$ 1 2 ,9 3 6 ,0 0 0 pref. bein g d ep osite d u nd er Its m o rtg a g e s.
D ivid en d s on p r e f.,
N o v . 1891 to 1 8 9 2 , 2 H % y e a r ly : none sin ce
v v>
B O N D S .— General 5s are reserved to retire 2d 4 H s .
See a b str a c t. V . 5 2 .
p. 8 4 . T h e seconds are ex ch an ge ab le tor generals on p a y m e n t of an assessm t.
Terminal b o n d s, see Issue of J a n . 1898 and a b str a c t. V . 5 7 . p . 512
T h e $ 3 ,5 0 0 ,0 0 0 M id lan d R R . 6s w ere ex te n d ed 3 0 y ears from 1 9 1 0 a t 5 %
a n d $ 2 0 0 ,0 0 0 Paterson E x t . 5s 4 0 years a t sam e r a te .
V . 90, p. 373, 91.
Sui n Juiy9 1 9 n 's o U I $ 8 0 0 ,0 0 0 4 H % e q u ip m en t n otes d u e p art se m i-a n n u a lly
to A u g . 1921.
See Erie Item , V . 9 3 , p . 1 6 3 .
E A R N I N G S — 2 m o s ., 1 1 9 1 1 ......................G ross, $ 6 6 0 ,1 9 6 ; n e t, $ 2 0 8 ,9 5 9
J u ly 1 to A u g . 3 1 .
1 1 9 1 0 ...................... G ross,
6 0 4 ,5 2 0 ; n e t,
1 5 3 ,5 3 5
[VOL. LXXXXIII.
KAILWAY STOCKS AND BONDS
Rate
%
Last Dividend
and M aturity
When
Payable
S T o M ch 1 9 1 6
M A
$ 3 1 5 ,0 0 0
4H
A
J
J J u ly 1 19 55
4 g
1 .4 5 6 .0 0 0
D J un e 1 19 11 6 %
A
12 In ’ 10 J
See t e x t
A
J Jan 1 1 9 3 9
J
4 g
2 ,6 0 0 .0 0 0
N J an 1 19 39
M A
4
1 ,000,000
A
O O c t 1 19 27
A
5 g
1 , 200,000
A
O O c t 1 1903
A
4 g
4 ,0 2 5 .0 0 0
S ep t 1 1927
M A
5 g
9 8 4 ,0 0 0
S ep t 1 19 27
9 8 0 .0 0 0 Up to 5
F * a ' A Feb 1 1 9 57
4 g
1 ,5 0 0 .0 0 0
A
O A p r 1 1940
A
5 g
3 .4 8 3 .0 0 0
A
D June 1 1 9 50
J
200.000
5 a
A
J
J Jan 1 19 37
3 ,7 4 5 ,0 0 0
5 g
4 4 7 .0 0 0
4 H g F ■A A F e b 1 19 37
A
F
A Aug 1 1 9 4 0
2 ,5 5 2 ,0 0 0
5 g
M A
N M ay 1 1943
5 g
2 . 000.000
A T o A u g 1 1921
F
A
4K
8 0 0 ,0 0 0
s
G rand C en t T e r m in a l,N Y
C hecks m ailed
26 S o u th 1 5 th S t , P hila
C hecks m ailed (see tex t)
G ran d C en t S ta t io n , N Y
do
do
U S M tg e A T r C o , N Y
R e a d in g T e r m in a l. P h il
O ffic e . 50 Church S t
do
do
do
do
do
do
do
do
do
do
C o m m e r cia l T r C o, P hila
do
do
do
do
do
do
do
do
V 7 5 , p 1043; V 8 4 , p 342
1 1042
11940
1 19 16
1 1912
11933
J
J
J
M
M
A
A
A
A
A
D
D
D
S
N
6
A
A
O O c t 2 1911 3 % 9 0
6 g
5 g
5
4 g
J
F
F
A
A
A
A
A
J
A
A
O
3 ,0 0 0 00 0
7 0 ,0 0 0
4 4 ,0 0 0
2 9 1 .0 0 0
4 5 0 .0 0 0
5 g
5
5
6
6
1 ,6 0 0 ,0 0 0
1 2 5 ,0 0 0
1 7 5 .0 0 0
2 5 0 .0 0 0
200,000
Jun e
D ec
D ec
M ch
Nov
Places Where Interest and
Dividends are Payable
T o J an 1 9 2 5
A u g 1 1922
F eb 1 1938
O ct 1 1935
Jan 1 i9 6 0
See t e x t
1961
S ep t 18 ’ l l
S t,
New
Y ork
C hecks m ailed N o r f office
M etrop ol. T r C o , N Y
G u a ra n ty T r u st C o , N Y
In te rn ation al T r C o , B a lt
O c t 2 1911
Qua
1 6 ,0 0 0 ,0 0 0 2 in 1911
N M a y 1 1941
M A
1 6 5 5 ,0 0 0
5 g
A
J J uly 1 10 54
8 2 5 ,0 0 0
J
5 g
A
6 5 0 ,0 0 0
J J u ly 1 10 52
5 g
J
& J
5
j
A s collat
<& O
4 ,3 6 0 ,0 0 0
A
6 g
1 , 000,000
4 g
1Q— M
74 4 2 9 .0 0 0 5 In 1 9 10
W est
C h icago, 111.
B an k ers T r u st C o , N Y
F id elity T ru st C o, P hila
G irard T r u st C o , P hila
C en tral T r u st
C en tral T r u st
C o,
C o,
N
N
1 M O ffic e , P h ilad e lp h ia
R E P O R T . — F or 1 9 1 0 -1 1 In V . 9 3 , p . 1 1 0 2 .
Year—
Gross.
Net.
Oth. Inc.
Charges.
Balance.
$ 1 ,3 7 2 ,0 6 2 $ 1 5 6 ,8 7 4
$ 9 9 4 ,4 0 0
su r. 5 3 4 ,5 3 6
1 9 1 0 -1 1 _____$ 3 ,8 7 6 ,6 7 8
1 9 0 i)-1 0 _____ 3 ,4 7 4 ,3 6 0
1 ,0 7 4 ,9 3 5
1 3 0 ,9 3 8
* *0^ 1 1 9 s
9 8 ? i no?
— ( V . 9 0 , p . 3 7 3 , 9 1 4 , 1 3 6 4 ; V . 9 1 , p. 9 5 ,1 0 2 6 , 1 1 5 6 ; V . 9 3 , p .4 7 0 , 1 0 2 2 , 1 1 0 2 .
N E /P E R C E & I D A H O R R — O w n s V o llm e r , I d a ., on N orth e rn Pacific)
ea sterly to N e zp e rce, 15 m iles, open ed J un e 15 1 9 1 0 .
S to c k a u t h ., $ 5 0 0 ,
0 0 0 ; Issued, $ 1 0 0 ,4 0 0 .
O f the serial 6s ( $ 3 0 0 ,0 0 0 a u th .) .th e $ 1 2 5 ,0 0 0 Issued
m a tu re y e a rly J a n . 1 1913 to 1 9 2 5 , v iz .: $ 5 ,0 0 0 In 1913 and 1 9 1 4 , $ 1 0 ,0 0 0
y e a rly 1 9 15 to 1924 and $ 1 5 ,0 0 0 In 1 9 2 5 .
A d d itio n a l b ond s m a y b e Issued
for ad d itio n s and ex tension s a t 7 0 % of c o st, b u t on ly w hen the n et earnings
for the preceding 6 m o s. are tw ice the Interest charges, Including b ond s then
to be Issued.
R ed eem ab le in blocks of $ 5 ,0 0 0 or m u ltiples In order of ear
liest m a tu rities, on an y Int. d a y . a t 105 and ln t.
V . 9 2 , p. 1566.
Gross earnings from Jun e 22 to D e c . 31 1 9 1 0 , $ 2 1 ,6 4 6 ; n et (after t a x e s ),
$ 1 1 ,6 2 9 ; In t. charges. $ 3 ,9 3 7 ; b a l., s u r p ., $ 7 ,6 9 1 .
P r e s ., Z . A . J oh n son ,
N e zp e rc e, I d a .— ( V . 9 2 , p . 1 5 6 6 .)
M 4 U A R A J U N C T IO N R Y . — See page 1 7 6 .
N O R F O L K & P O R T S M O U T H B E L T L IN E R R . - O w n s P o rt N o r fo lk to
B erk ley . V a .. 5 .8 m ile s,a n d S outhern branch e x te n sio n , 6 09 m .; op era ted
u nder lease, 1 .3 5 m iles.
In N o v . 1 9 09 acqu ired entire stock o f E liz a b eth
R iver R R . , w hose b ond s are gu a r a n te e d .
V . 90 , p . 1044.
S to c k , $ 5 0 ,4 0 0 ,
all ow n ed b y A tla n tic C oast L in e , N o r f. A W e s t ., C hes. A O h io , N . Y . I h lla.
A N o r fo lk , S eab oard A ir L in e an d N o r f. A S o u t h .
$ 1 0 0 sh a re s.
B o n d s,
see ta b le.
C alendar year 1 9 1 0 , gross, $ 1 9 3 ,7 1 8 ; n e t, $ 6 5 ,8 2 6 ; other In
c o m e , $ 1 4 ,6 2 1 ; in t. on b o n d s, $ 1 8 ,5 0 0 ; t a x e s ,A c ., $ 6 ,0 7 1 ; b a l., s u r ., $ 5 5 ,8 7 6 .
N O R F O L K S O U T H E R N R R — Mileage. A c . — O p erates 6 0 2 .2 9 m ile s ,
e x te n d in g from N o rfo lk . V a ., to R a le ig h , G old sb oro an d B ea u fo rt, N . U .,
w ith branches.
O f this to ta l the c o m p a n y ow n s 5 0 4 .1 2 m iles and leases 95
m iles (from G oldsb oro to M orehead C it y ) , and has tra ck age righ ts on 3 .1 7
m iles; 4 5 .9 3 miles Is eq u ip p ed elec tric ally.
At N orfolk th e c o m p a n y has
connection w ith steam sh ip lines w hich furnish p ractically a d ally service to
W a sh in g to n . B o sto n . R ic h m o n d . B a ltim o re. P hiladelp hia and N ew Y o r k .
Train s are op erated over the A lb em a rle Soun d trestle, g iv in g rail conn ection
to all the c o m p a n y ’s lines.
O w n s entire capital stock an d b ond s o f John L .
R oper L u m b er C o ., ow ning over 6 0 0 ,0 0 0 acres of tim b er lan d s an d 2 0 0 ,0 0 0
acres of tim b er rig h ts.
V . 87 , p. 1415.
O R G A N I Z A T I O N .— S uccessor M a y 5 1 9 1 0 to N . A S . Railway, foreclosed
D e c. 7 1 9 0 9 , per plan V . 8 7 . p . 6 1 4 . 6 7 8 .
In c o rp . In V irgin ia M a y 2 1 9 1 0 .
S T O C K A N D R O N D S .— U n d er plan In V . 8 7 . p . 6 1 4 , 6 7 8 , the new co
au th orized $ 1 6 ,0 0 0 ,0 0 0 stock an d $ 1 2 ,0 0 0 ,0 0 0 'first A refu nd ing M . 5 s.
T h e stock h o lders on F e b . 28 1911 au th orized a new m ortgage to secure
an Issue o f $ 3 5 ,0 0 0 ,0 0 0 b on d s to replace said $ 1 2 ,0 0 0 ,0 0 0 m o r tg a g e , no
bonds h aving been Issued under It ex ce p t as c o lla tera l.
O f the new Issue,
$ 5 ,7 8 0 ,0 0 0 will p ro b a b ly be Issued In lieu of th e sa m e a m o u n t o f the Present
b ond s now pledged to secure th e c o m p a n y ’ s n otes and 5 3 , 130.000 reserved
to retire a like a m o u n t o f u n d erlyin g b o n d s, le avin g a b o u t $ 2 6 ,0 0 0 ,0 0 0
a v a ila b le for futu re purp oses, of w hich $ 1 0 ,0 0 0 ,0 0 0 , h o w ev er, will be Issu
ab le on ly u pon v o te o f th ree -fou rth s of the directors an d a m a jo r ity o f th e
stock for ad dition al ro a d .
V . 01. p. 1768.
T h e new b on d s are secured by a first m o r tg a g e ° ° n283_ 1m ' 1rie3 iM®“ “ l
su b je c t to u nd erlyin g Issues aggregatin g $ 3 ,1 3 0 ,0 0 0 , on 271 ad d ition al
m iles, and also b y a first lien on p ractically the e n t ^ e rollin g sto ck and
eq u ip m en t: also b y a first Hen on the en tire stock ( $ 1 ,000,000) an d first
m ortgage b ond s ( $ 5 ,0 0 0 ,0 0 0 ) o f the J ohn L R oner L u m b er C o ., ow n ng 10
planing saw an d sh ingle an d cedar m ills, w ith an an nu al ca p a c ity of
1 5 0 ,0 0 0 ,0 0 0 f t .,b o a r d m easure: and a b o u t 1 5 0 m iles of stan d a rd -g a u g e
loggin g road . 3 0 0 loggin g cars, 2 5 lo c o m o tiv e s. A c .
T h e v alu e o f the R o p er
L u m b e r Drouertv has been e stim a ted a t $ 1 2 ,7 8 5 ,0 0 0 .
T h e $ 4 ,3 6 0 ,0 0 0 6 % on e-y e a r c o ll, gold n otes due O c t. 1 1911 are su b jec t
to renew al for one year an d red eem ab le a t a n y tim e a t p a r.
T h e y are
secured b y d ep osit o f the en tire present issue of $ o ,7 8 0 ,0 0 0 n ew 1 st an d
r ef. 5s d a te d J a n . 1 1910.
V . 9 1 .P .1 2 5 4 .
ln 1 1 . , r
w<w . T„ , v u o / .
D I V I D E N D S .— F irst d lv ., J ^ % , p aid F e b . 1 1 9 1 1 , M a y , H % , J u I y . > $ % ,
O c t ., > $ % .
,
.
E A R N I N G S .— F o r 2 m o s . en d in g A u g . 31 1911, gross, $515,584, n gst.
$ 4 6 4 125 in 1910- n e t, $185,994, a g st. $173 ,35 1.
F or ye ar en d in g June 30
1911
rross $ 2 955 670' n e t. $ 1 , 1 2 2 , 3 7 7 .
For 8 m on th s en d ing D e c . 31
1 9 1 0 ’(new com pany), gross, R R . . $ 1,906,109; n e t, $679,370; other In com e,
5 'o m O E B s ‘ - P r 'f f ’ '
’ v i f i ’ h & t fc
P ine S t
N Y - S ec
M orris S . H a w k in s. N o rfo lk : A s s t. S e c ., N . W .
R u n n lon 3 0 P ine S t
N Y .
T r e a s .. M a tth ia s M a n ly . N o rfo lk ; G eneral
C ou n sel?C h ad b ou rn c A S h ore s. 3 0 P in e S U N . Y
General office N o r fo lk .
V a.
N e w Y o r k office, 3 0 P in e S t . — ( V . 9 2 , p . 4 6 2 , 5 9 5 . 6 6 0 , 8 8 2 , 1 1 0 9 .)
N O R F O I K T F R M I N A l R Y . — T o build a u nion p assenger sta tio n a t
N o r fo lk , V a .. w ith a p p roa ch es, to be c o m p le te d a b o u t m id d le o f 1 9 1 2 , to b e
used b y the V irgin ian R y .. N o rfo lk A W e ste rn R y . and N orfolk S outhern
R R . . which ow n the entire sto ck an d u n d ertake to m e et a ll expenses
charges and Interest an d p rincipal of b o n d s.
B o n d s au th orized M arch 20
1911 , $ 2 ,0 0 0 ,0 0 0 , to be gu aran teed b y en d orsem en t b y the 3 lessor c o m
p anies, o f w hich $ 1 ,0 0 0 ,0 0 0 h a v e been so ld .
V . 92 p . 6 6 0 , 1 1 0 9 ; V . 9 3 .
p. 667.
P r e s., L . E . J o h n so n , R o a n o k e , V a .; V . - P „ R a y m o n d d u P u y ;
S e c ., Francis W . R u ssel, an d T r e a s ., C a ld w e ll.H a r d y , all o f N o r fo lk , V a .
— ( V . 9 2 , p . 7 9 5 , 1 1 0 9 ; V . 9 3 , p . 6 6 7 .)
N O R F O l K & W E S T E R N R Y . — See M a p . — S y ste m e x te n d s from N o r
fo lk , V a ., w estw ard to C olu m b u s an d C incinn ati, O . , and n orth w a rd to
H a g e rsto w n . M d „ w ith b ranches ^ th e variou s coal fields In V a . an d W . V a .
Road owned.
M iles.
N orfolk , V a ., to C o lu m b u s, O —
704 R o a n o k e to W in s to n _______________ 121
R a d fo r d . V a .. to B ristol, T e n n . . 111 S u n d ry bran ch es___________________ 4 4 7
4
R o a n o k e , V a ., to H a g e r s t o w n -- 238 C olu m b u s term in a l________________
14
G rah am to N o r to n ......................... ..
109 T rack age __________________________
N or. C ar. J un ction to F r i e s . . —
44
T o ta l ow n ed June 30 1911 — 2 ,0 0 4
L y n ch b u rg to D u r h a m , N . C . - - 115
P o rtsm o u th J o t. to C incinn ati
D o u b le tra ck ............................................... 3 8 9
and Iv o r y d a le ----------------------------- 1 0 °
O c t ., 1911.J
R A IL R O A D C O M P A N I E S
l For abbreviations, <fcc., see notes on first page]
Par
Value
M iles
Road
N & W gen (now 1st) M N o rfo lk to B rls <Scc g .F P .c *
N ew R iv e r D ivisio n first m ortgage g o ld _____F P .c *
Im p r o v e m e n t & e x te n sion m ortgage g o l d - .F P c *
S cio to V a lle y & N ew E n g 1st M a ssu m g o l d .- C e .c *
N & W flrst consol m tg e * 6 2 ,5 0 0 .0 0 0 g o ld . 15 a .c *& r*
D lv 1st Hen & gen M (te x t) g red 105 begin 1 9 2 9 . . Q
P ocah Joint M * 2 0 .0 0 0 .0 0 0 g call 105 s f . O P . c '& r
Col C on & Terra 1st M gold gu ar p <Sc 1 (end) - . A l p . c *
C o n v e rtib le b on d s * 3 4 .0 0 0 ,0 0 0 gold red t e x t ______0
N e w c on ve rtib le bond s * 5 0 .0 0 0 ,0 0 0 a u th o r ize d _____
W In s to n -S a l S o 'b d 1st M * 5 ,0 0 0 .0 0 0 g g u .U s x c * & r *
E q u ip tru sts Series A gold due * 1 0 0 ,0 0 0 1912 . . F P
do
Series B gold due * 1 0 0 ,0 0 0 In 1 9 1 2 _____ FP
do
Series C gold gu ar p & 1 due * 2 0 0 ,0 0 0 y rly
do
Series D gold due * 1 0 0 ,0 0 0 y e a r l y _________
do
Series E gold due * 1 0 0 ,0 0 0 y e a r l y _________
do
Series F t o K g gu * 1 0 0 ,0 0 0 each ser y r l y .
do
Series L to O * 1 0 0 ,0 0 0 each series ye a rly N o r r lsto w n & Alain L Con — 1st M g gu p & l(end ) - - Q P
North C a r o lin a — S tock 7 % paid fro m r e n ta l.............. ........
428
107
588
129
1,674
1,894
North Penn— Stock 8 % gu 900 years * 6 ,0 0 0 ,0 0 0 auth
86
O ld secon d M (now 1st) (7 s e x te n d ed In 1 8 9 6 ) _____c
General m ortgage ex te n d ed In gold In 1903._F P .c<Scr
F u n d in g loan b on d s * 4 0 9 .0 0 0 g o ld ___________ _______ _
North East Penn — 1st M gold gu P & R ( e n d ) .G u P .c *
Northern (A la) — F irst M (5 3 5 0 ,0 0 0 are prior lie n ) . K .c
Northern (N H )— S tock 6 % r e n ta l-----------------------------------Northern California R y. — See S outhern Pacific R R —
Northern Central— S to c k ( * 2 7 ,7 3 7 ,0 5 0 a u th ) (see te x t)
F ir st m ortg a g e S ta te o f M arylan d loan ( V 7 4 , p 1197)
C onsol general m ortgage of 1874 gold Series E _____c
S econd gen M Series " A ” <5e “ B ” (A * 2 .5 6 5 ,0 0 0 ) . FP
Nort’n New Brunsw& S eab — 1st M g gu $ 3 9 0 ,0 0 0 au th
Northern of New Jersey — S tock gu ar (see V 6 9 , p 8 1 ) .
T h ird m ortg a g e (now first) Interest g u a r a n te e d ___ c
Gen m tg e * 1 ,0 0 0 ,0 0 0 gold In tg u a r b y le a s e . -U s m .c *
Northern Ohio — 1st M g ( * 1 5 ,0 0 0 p m) gu p & L . C e . c *
89
1881
1882
1883
1889
1896
1904
1901
1892
1907
1910
1903
1903
1905
1905
1905
1906
0 6 -’ 07
1902
223
56
86
25M
112
1866
1873
1898
1890
1896
83
144 1855
144 1885
144 '76-’ 82
16.9 1910
1,000
1,000
1,000
1,000
500 Ac
1.000 &c
1,000
500
1.000 Ac
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
50
500 Ac
1,000
1,000
100
60
1,000
1,000
500
100
’ 21
167
1887
1900
1895
100 Ac
1,000
1.000
N O R F O L K & W E S T E R N R Y . (C o n c lu d e d ).—
O R G A N I Z A T I O N . — S uccessor In 18 96 of N o r fo lk A W e ste rn R R . , A c .,
foreclosed per plan In V . 6 2 , p . 6 4 1 .
In M arch 1 9 1 0 P e n n . R R . an d su b
sid iary c om p an ie s, It is u n d erstood , ow n ed a b o u t 5 1 % o f the s t o c k , the
h oldings sold In 1 9 06 ( $ 1 6 ,0 0 0 ,0 0 0 ) h avin g been re-p u rch a sed In 19 08
an d also a d d ition al a m o u n t s 'a c q u ir e d .
V . 8 3 , p . 5 0 2 ; V 88, p . 1 0 6 2 .
B ranches b uildin g Juno 30 1 9 1 1 .
V . 93, p. 672.
In A u g . 1911 purchased
th e V irginia A n th r a c ite C oal & R y ., 10 m iles.
V . 93 , p. 590.
In J u ly 19 09 the N orfolk A W e ste rn an d A tla n tic C oast Line agreed to
build Jointly the W in s to n -S a le m S o u th b o u n d R R . , e x te n d in g from W in sto n S a le m , N . C ., to W a d e s b o r o , 8 9 m iles, c o m p leted In M arch 1 9 1 1 , th e tw o
p rop rietary com p an ies Jointly gu aran teein g an Issue o f 1st M . 5 0 -y r .g o ld 4 s.
V . 89 . p . 161. 598; V . 9 0 . p. 238; V . 9 1 , p . 1448; V . 9 2 , p. 39 6 .
S T O C K .— P rovision s o f p ref. stook w ere In Issue o f A p ril 1 8 9 7 , p age 4 ,
said s to ck b ein g 4 % n o n -c u m . w ith preference as to a sse ts.
V . 8 9 , p . 1597.
In 1 9 1 0 th e a u th . c o m m o n was Increased to * 1 5 0 ,0 0 0 ,0 0 0 .
V . 91, p. 463.
D I V S . 1 ’ 9 9 . '0 0 . '0 1 . '0 2 . '0 3 . '0 4 . '0 5 .' 0 6 .* 0 7 . '0 8 . '0 9 . 1 9 1 0 .
1911.
P r e f . % } 1 8 99 to N .v 1 9 1 1 , In c l., 4 % y ’ ly (now p a y a b le q u arterly)
com % j . . . .
2
ZH 3
3
3 H 4 H 5
4
4^
5 T o S c p .3 >A
B O N D S .— T h e first c on solid ated m t g e .o f 1896 Is lim ite d to * 6 2 .5 0 0 ,0 0 0 .
the b a la n ce unissued being reserved to retire th e u n d erlyin g bonds
V . 73,
p . 5 0 2 ; V . 7 4 . p 151- V . 7 5 , p . 5 0 5 ; V . 7 7 . p . 1 7 8 5 ; V . 7 8 , p . 2 2 9 .
T hey
are a 1st m tg e . on a b o u t 89 8 m iles o f railroad; upon im p o r ta n t term in als at
N orfolk an d L am b e rts P oin t; upon the O hio R iver B ridge and the R o an ok e
M achine W o r k s; also a con sol, m tg e . upon 7 7 6 m iles su b ject to the un
d istu rbe d liens.
T h e y also cover e q u ip m e n t.
S ee a b s tr a c t . V . 6 4 , p . 3 7 6 ;
V . 7 2 . p . 1 3 7 , 4 3 8 , 5 3 2 , 7 2 3 , 10 80 ; V . 7 5 , p . 5 0 5 ; V . 7 9 , p . 2 1 3 ; V . 8 1 , p . 2 1 2 .
JffcThe N . A W .-P o c a h o n t a s Joint b on d s are secured by a b o u t 2 9 5 ,0 0 0 acres
o f coal la n d s ow n ed an d held b y the P o cah on tas Coal A C ok e C o ., w hose
stock Is o w n e d , of w hich a b o u t 5 0 ,0 0 0 acres h ave been leased to com p an ies
w hose stock Is all ow n ed b y the U . S . Steel C orp. an d 3 9 ,7 9 7 to o th e r c o n
cerns, th e royalties under such leases alon e b ein g sh o rtly e x p e cted to be s u f
ficient to a lm o st m eet the fixed charges.
T h e y are s u b je c t to call a t 105
since 1 0 0 6 for a sin kin g fu n d o f 2 H cents per ton m in ed .
V . 73. p. 845,
90 2 ; V . 7 4 . p . 4 1 , 3 8 0 , 11 97 ; V . 7 5 , p . 5 0 2 .
Th ese b o n d s arc the Joint and
several ob lig a tio n s o f the R a ilw a y C o . an d o f the Coal & C ok e C o ., b u t as
betw een th e tw o com p anies the d eb t Is to be paid b y the la tte r c o m p a n y .
Divisional is ! lien and gen. mtge. 4s o f 1904 ( $ 3 5 ,0 0 0 ,0 0 0 ) au th orize d for
futu re cap ital req u irem ents are a 1 st Hen on ex te n sio n s an d b ranches n o t
oovered b y the 1st con sol, m tg e . a ggre gatin g 220 m iles, an d upon such e x
ten sions and branches as m ay be acqu ired from the p roceed s o f the new
bonds an d also a lien su b je c t thereto upon the properties covered th e re b y .
O f the b on d s * 2 3 ,0 0 0 ,0 0 0 h a v e been sold for Im p ro v e m e n ts a n d new e q u ip
m e n t.
V . 78. p . 1549; V . 7 9 , p . 50 1 , 62 8 , 9 7 3 , 1642, 1704, 2148; V . 8 0 .
p . 1 1 7 5 ; V . 8 2 , p . 5 1 0 : V . 8 3 , p. 14 71 ; V . 88, p . 2 3 1 , 4 5 3 .
T h e stock holders O c t. 11 1906 au th orized an Issue o f * 3 4 ,0 0 0 ,0 0 0 con
vertib le b o n d s.
V . 8 3 , p. 3 8 0 , 4 3 5 , 5 7 5 .
T o p rovide fo r d ou b le -tra ck in g
and new e q u ip m en t * 1 4 ,5 7 6 ,0 0 0 were sold ea rly In 1907 an d In 19 10 $ 1 0 ,
0 9 3 ,0 0 0
were subscribed for by stock h o lders or so ld .
T h ese b ond s are
con ve rtib le Into c om m on sto c k , * for S, prior to Jun e 1 1 9 1 7 , an d thereafter
lu b jc c t to call a t 1 0 5 and In terest. T o O c t . 16 1911 $ 8 , 3 5 9 . 0 0 0 b ond s had
been c o n v e rte d .
V . 8 3 , p. 1 4 1 2 , 14 71 ; V . 8 4 , p. 1 2 4 8 ; V . 8 5 , p . 4 6 9 ; V . 8 6 ,
p. 109, 286- V . 90 , p. 7 7 2 , 1425.
T h e stock h o ld ers on O c t. 13 1910 au th orized an Issue o f * 5 0 ,0 0 0 ,0 0 0
c o n v e rtib le b o n d s, none to b e sold a t p resen t.
V . 91. p. 463.
G E N E R A L F I N A N C E S .— O f the tra ffic In 1 9 1 0 -1 1 6 7 % ( 1 7 ,4 3 7 ,9 3 3
tons) w as b itu m in o u s coal an d coke: avera ge rate per ton per m ile, 0 .4 4 3
cen ts; tra in -lo a d , 64 3 to n s. In D e c. 1 9 0 9 d ivid en d rate w as Increased to 5 % .
E A R N I N G S .— F or 2 m o n th s en d in g A u g . 3 1 :
Cross.
Net.
Amount
Outstanding
Rate
%
When
Payable
*10 0 $22,991 ,700 4 In 1911
Norf & W (Concl) — AdJ pref 4 % * 2 3 ,0 0 0 ,0 0 0 .............Q
2 Months—
95
RAILWAY STOCKS AND BONDS
Oth. Inc. In t.,T a x .,& c. B a l., Sur.
7 .283.000
2 000,000
6 8
5 .0 0 0 .
0006 g
5 .0 0 0 . 000
4 g
40,400,500
23,000,000
4 g
18,817,000
4 g
5 g
600,000
17,14 >.000
4 g
See text
5.009.000
4 g
300.000
4 g
300.000
4 g
800.000
4 g
400.000
4 g
500.000
4 g
2.500.000
4 g
2.400.000
4 g
250.000
4 g
4 .0 0 0 .
0007
8
5,405,950
1.500.000
4
3.3 g
4.500.000
407.000
4g
400.000
5g
1.650.000
5
3,068,400 See text
ig
654.000
154.000
2.500.000
4
000
6
4
5
A
A
A
A
A
A
A
A
A
N ov
N May
O Apr
A Feb
N Nov
O Oct
J July
Dec
Jan
D June
J
& J
J
& J
M & S
A
A O
M & N
J
A D
Various
Various
M A
S
F & A
Q— F
M
A N
J
M
A
J
& J
& N
& O
& J
Q— J
& J
Q— J
& O
& J
& J
Q— M
J
& J
& J
« g J
A
& O
g
July 15 ' l l 4 %
Irredeemable
Apr 1 1925
Jan 1 1926
Jan 1 1940
Sept 1911
1%
July 1 1917
Jan 1 2000
Oct 1 1945
J
A
J
J
Places Where Interest and
Dividends are Payable
18 ’ l l 1 % Office. Philadelphia
1 193 1
Bankers Trust Co. N Y
1 1932
do
do
1 1934
do
do
1 1989
do
do
1 1996
do
do
1 1944
do
do
1 1941
do
do
1 1922
Metropolitan Tr Co, N Y
1 1932
Bankers Trust Co, N Y
July 1 1960
lan 1 1912-13
Mch 1 1912-13
Apr 1 1912-15
Nov 1 1912-15
Dec 1 1911-15
To Aug 1916
To June 1 1917
S pt 1 1952
Aug 1 1911
Aug 25 1911 2 %
May 1 1936
Jan 1 1953
Nov 1 1928
Apr 1 1920
July 1 1928
O ct 2 1911 I } *
See text
.See text
6
1.500.000
1.757.000
4H g
3,565 000
5
253,500
4 g
1 . 000.
Q— F
M
A
F
M
A
J
J
Last Dividend
and M aturity
United States Tr Co. N Y
Fidelity Trust Co, Phlla
do
do
Commercial Tr Co, Phlla
do
do
do
do
do
do
do
do
Reading Terminal, Phlla
Burlington, N C
Office, 240 S 3d S t, Phlla
do
do
do
do
Reading Terminal Phlla
Reading Terminal, Phlla
J P Morgan & Co, N Y
1023 Old So Bldg, Boston
Treasurer’s Office, B a lto
Annapolis
Treasurer’s Office, B a lto
do
do
Bk B rN A m .N Y .M o n A L n
50 Church S t, New York
do
do
do
do
Chase National B a n k ,N Y
N O R T H P E N N S Y L V A N I A R R . — O w n s fro m P h ila d e lp h ia . P a ., to B e th Ieh em , P a ., 5 5 .3 3 m .; D e law are R iv e r b ra n c h , 2 0 .6 1 m .; D o y le sto w n b ra n c h
1 0 .0 6 m .; to ta l flrst tra c k . 86 m .; to ta l tra ck , 2 4 9 .2 8 m .
L eased for
9 9 0 years from M a y 1 1 8 7 9 to P h lla . A R e a d in g R R . a t 8 % on sto c k , an d
lease a ssu m ed in 1 8 9 6 b y P h lla . & R e a d in g R y .
C urrent liab ilities J u n e
3 0 1 9 1 0 . * 3 7 4 ,2 3 9 .— ( V . 8 1 . p . 6 6 8 .)
N O R T H -E A S T P E N N S Y L V A N I A R R .— O w n s road fro m G len sid e to
N ew H o p e , P a ., 2 5 .4 9 m iles.
C on trolled b y R e a d in g C o .
C ap ital s t o c k ,
$ 4 0 0 ,0 0 0 , o f w hich * 3 1 8 ,9 5 0 ow n ed b y R e a d in g C o .; p a r , * 5 0 .
N O R T H E R N A L A B A M A R Y . — S h effield to P arrish, A l a ., an d b r a n c h *
1 1 2 .5 0 m iles.
In A p ril 1 8 9 9 a m a jo r ity o f sto c k an d b o n d s p u rch ased hi
th e S outhern R y .
V . 68, p. 82 4 . 873.
See also V . 6 9 . p . 3 9 1 .
S to c k Is * 2 ,0 0 0 ,0 0 0 .
U n d er su p p . m tg e . o f 1898 * 4 0 0 .0 0 0 o f th e o u t
sta n d in g * 1 ,7 0 0 ,0 0 0 1st 5s were m ad e prior lie n s.
V . 6 7 , p .1 2 0 8 .
In y e a ;
en d ing J un e 3 0 1 9 1 1 , g r o ss, * 5 0 6 ,1 9 2 ; n et, a fter t a x e s , * 9 1 , 7 1 3 ; oth er In
c o m e , $ 4 8 ,0 3 1 ; In t. on b o n d s, * 8 2 ,5 0 0 ; ren ta ls, & c , 5 9 6 ,7 5 8 ; b a l., d e f .,
* 3 9 ,5 1 4 . In 1 9 0 9 -1 0 , g ro ss, * 5 5 4 ,3 6 6 ; op er. In c ., § 1 4 2 ,4 9 5 .— ( V . 6 9 , p . 2 8 .)
N O R T H E R N (N H .) R R .— O w n s C on c o rd , N . H . , to W h ite R iv er J o t ..
V t . , 70 m .; branch to B ristol, N . H . , 13 m .; total 83 m iles.
S u b sid ia ry lin e s.
C oncord & C larem on t R R . , 71 m .; P eterb orou gh & H illsb orou gh R R . , 1 9 m .
Lease to B oston A L ow ell for 9 9 years from J a n . 1 1 8 9 0 w as a ssign ed to
B o s. A M e .; rental was 5 % on stock till J u ly 1 1 8 9 7 , an d now 6 % , p a y a b le In
g o ld .
U n til Ju ly 1897 1 % ex tr a w as paid regu larly from c o n tin g e n t fun d
A lso In 1 8 9 4 , J a n ., 5 % e x tr a was p aid ; In 1 8 9 6 , Ju ly 2 % e x tr a ; In 1 8 9 7 . 5 %
e x tr a ; In J u ly 1 9 0 4 , > 4 % e x tr a . In A p r . 1911 B o s. & M ain e rec eiv e d a u th o r
it y to purchase sto c k .
V . 9 2 . p . 1 1 0 8 .— ( V . 6 5 , p . 4 6 3 ; V . 7 8 , p . 2 3 8 5 .)
N O R T H E R N C E N T R A L R Y . — O w n s B a ltim o r e , M d ., to S u n b u r y , P a .,
13 6 in .; all d ou b le tra ck — b ranch. 9 in .; leases— S h a m o k in V a lle y A P o t ts v .
R R . , 3 8 m .; E lm ira A W illia m sp o r t R R . , 73 m .; op erates a t co st— E lm ir a
A L ak e O n tario R R . , 10 0 m .; L y k en s V a il. R R . , 19 m .; Y o r k H a n o v e r A
F rederick R R . . 56 m .; Y o r k branch P en n . R R ., Y o r k , P a ., to C o lu m b ia ,
13 m .; oth e r, 4 m .; t o ta l, 4 4 8 m iles. U ses oth er tra ck s, 20 m . V .7 8 ,p . 7 7 3 .
T h e stock h o ld ers on N o v . 2 19 10 v o ted to lease road to P en n sy lv a n ia R R .
for 99 9 years from J a n . 1 1 9 1 1 , th e h olders o f th e * 1 9 ,3 4 2 ,5 5 0 sto ck to
receive a stock d lv . o f 4 0 % , also 1 0 % in cash from treasury assets an d a
g u a r a n ty o f 8 % on all th e stock d urin g th e lease.
V . 91. p . 154, 3 3 7 . 4 6 4 ,
87 1, 1026.
T h e P en n . R R . need n ot acce p t lease u ntil tw o su its b rou gh t
b y sm all m in o r ity stock h o ld ers shall be d ecided or It Is a d v ise d It m a y
le g a lly d o so p en din g th e s a m e .
T h e lease when accepted Is to be o p era tiv e
from J a n . 1 1 9 1 1 .
T h e low er F ederal C ourt on D e c . 3 0 1 9 1 0 , an d M a ry la n d
C ourt o f A p p e a ls F e b . 2 3 1 9 1 1 , held th at th e lease Is n o t red eem ab le under
M a ry la n d S ta te law s, b u t on M a y 1 1911 a third m in o r ity sto ck h o ld e r s’
su it w as b r o u g h t.
O n A p r . 2 8 1911 th e M a ry la n d P u b lic S ervice C o m ,
m ission g a v e perm ission to m a k e th e proposed lease.
V . 9 1 . p . 1768;
V . 9 2 , p . 5 2 7 , 1109, 1179, 1243, 1566; V . 9 3 . p . 4 5 . 2 8 6 .
S E C U R I T I E S O W N E D . — O n J an . 1 1911 a m o n g the assets h eld w e r e
E lm ira & L ak e O n t. sto c k (a ll) , $ 1 ,5 0 0 ,0 0 0 ; S h a m . V a l. & P o t t s v . s t o c k ,
* 6 1 9 ,6 5 0 ; U n ion R R . s to c k . * 1 ,2 2 5 .0 0 0 (th e b a l. o f * 8 7 5 ,0 0 0 being held b y
P h lla. W U m . & B a lt o .). A c .
A lso the fo llo w in g , m o s tly acqu ired In 1 9 0 0 ;
B a lt. A O hio p ref. s to c k , * 1 ,0 0 0 ,0 0 0 an d c o m ., * 1 ,0 4 8 ,7 0 0 : N o r f. A W e s t ,
p ref. * 5 0 0 ,0 0 0 , an d c o m ., $ 1 ,0 0 0 ,0 0 0 ; Erie & W . T r a n s p .C o .s to c k , * 5 o o .0 0 0 .
S T O C K .— P e n n . R R . o n J a n . 1 1911 ow n ed * 1 0 ,5 7 7 ,2 0 0 o f * 1 9 .3 4 3 ,2 4 4
o u tsta n d in g s to c k .
T h e a u th . Issue w as Increased In N o v . 1 9 1 0 from
$ 2 0 ,0 0 0 ,0 0 0 to * 2 7 ,7 3 7 ,0 5 0 , to p rovid e for th e 4 0 % sto ck d lv . ( $ 7 ,7 3 7 ,0 5 0 )
u nder proposed lease.
V . 91 , p. 1630.
D I V S . 1 8 88
*89 '9 0 ’ 91 '9 2 '9 3
1894 to 1 9 0 0
1901 to J u ly 1911
P er c e n t .
7
8
8
7
8
9
7 y e a rly
*8 yearlv (J A J )
•A lso J a n . 1 9 0 7 1 2 M % paid In sto ck ( $ 2 ,1 4 9 ,1 6 9 ) .
V . 83 , p. 471.
* 2 ,4 8 2 ,4 9 8
$ 1 0 7 ,9 7 8
* 9 9 9 ,8 6 3
* 1 ,5 9 0 ,6 1 3
1 9 1 1 ...................... $ 6 ,5 4 5 ,5 7 2
E A R N I N G S .— 8 m o s .,J 1 9 1 1 _________ G ross, * 8 ,2 2 1 ,8 0 8 ; n e t, * 8 3 9 ,2 6 1
1 9 1 0 . . . . . . . 6 ,0 7 0 ,1 9 8
2 ,1 8 9 ,2 3 0
9 2 ,2 9 0
1 ,0 0 6 ,4 8 7
1 ,2 7 5 ,0 3 2
J a n . 1 to A u g . 3 1 .
\ l 9 1 0 . .............. G ross,
8 ,2 2 1 ,4 5 1 ; n e t, 1 ,1 6 0 ,0 3 1
R E P O R T .— R e p ort for 1 9 0 9 -1 0 In V . 9 1 , d . 7 1 2 . 7 2 2 (sec e d it ., o . 6 8 5 ) :
R E P O R T .— For 1 9 1 0 give n a t length In V . 9 2 , p . 5 2 3 , 5 3 1 , sh ow in g:
Year ending June 3 0 —
1 9 1 0 -1 1 .
1 9 0 9 -1 0 .
19 08 0 9 .
Year ending Dec. 3 1 —
1910.
1909.
1908.
1907
M iles J un e 3 0 .....................................................
2 ,0 0 4
1 ,9 5 1
1,9 4 1
* 1 2 ,2 5 3 ,8 9 3 $ 1 1 ,2 6 4 ,9 8 6 * 1 3 ,2 3 7 .4 9 8
G ross e a r n in g s .... . $ 1 2 , 7 9 8 , 6 2 8
P assen ger ea rn in g s______ _________________ * 4 ,1 8 4 ,2 4 6
* 3 ,9 2 4 ,8 9 0 * 3 ,6 4 2 ,8 3 7
Net earns, (over ta x e s). * 1,583.138 *2,32 6 ,4 3 3 * 2 ,2 2 8 ,9 2 0 * 2 .3 5 8 ,8 6 5
F reight ea rn in g s............................................... 3 0 ,1 1 5 .4 8 3
3 0 ,0 3 7 ,7 9 6 2 4 ,7 1 0 ,5 9 1
o t h e r rec eip ts.........
1 ,4 3 5 ,2 4 5
1 ,3 7 4 ,6 7 7
1 ,2 4 7 ,0 4 9
1 ,2 4 7 .4 2 5
M a ll, ex p ress, A c ________________________
1,2 5 7 ,7 9 3
1 ,1 0 1 ,1 8 4
9 7 3 ,6 7 3
T o t a l n et In c o m e-* 3 ,0 1 8 ,3 8 3
* 3 ,7 0 1 ,1 1 0
$ 3 ,4 7 5 ,9 6 9
$ 3 ,6 0 6 ,2 9 0
T o ta l gross earn ings................................... * 3 5 ,5 5 7 ,5 2 2 * 3 5 ,0 6 3 ,8 7 0 * 2 9 ,3 2 7 ,1 0 1
R e n ta ls. &C...........................
* 5 0 5 ,4 7 8
* 4 5 6 ,4 0 8
* 4 8 2 ,5 7 3
* 4 0 8 ,7 5 9
O p eratin g e x p e n se s_____________________ 2 2 ,9 5 8 ,2 8 0
2 1 ,0 4 6 ,7 5 9 1 7 ,7 2 9 ,7 5 6
In te rest on d e b t, &C-------3 5 4 ,6 7 2
3 5 4 ,6 6 8
3 5 4 ,6 8 2
5 1 9 ,4 4 0
T o ta l net ea rn in g s......................................* 1 2 ,5 0 9 ,2 4 2 * 1 4 ,0 1 7 ,1 1 1 * 1 1 ,5 9 7 ,3 4 5
D ivid en d s (8 % ) ....
1 ,5 4 7 ,4 0 0
1 ,5 4 7 ,4 0 0
1 ,5 4 7 ,4 0 0
1 ,5 4 7 ,2 1 4
T o ta l net In c o m e..........................
* 1 3 ,9 0 1 .6 8 8 * 1 5 ,1 6 3 ,3 1 7 * 1 2 ,5 7 8 ,4 5 8
M is c e lla n e o u s .........
3 2 3 ,6 8 3
3 4 6 ,4 1 9
3 3 8 ,4 9 7
1 1 0 ,2 8 0
In te r e st on b o n d s, A c ______ _______
4 ,7 0 2 ,8 6 7
4 .7 8 1 .2 4 0
4 .7 4 3 ,2 3 3
E x tra o r d in a r y ....................
...............
8 0 0 ,0 0 0
6 0 0 ,0 0 0
5 0 0 ,0 0 0
T a x e s ....................................................................
1 ,3 2 0 ,0 0 0
1 ,1 1 8 ,9 6 4
1 ,0 0 8 ,8 0 0
B a la n ce , su rp lu s............
* 2 8 7 ,1 4 8
* 1 9 6 ,2 1 5
* 1 5 2 ,8 1 7
* 5 2 7 ,5 9 7
D e f. In in t. P . C . & C . b o n d s.....................
1 4 8 ,0 0 0
1 3 8 ,0 0 0
1 5 0 .0 0 0
— ( V . 9 2 . p . 6 2 3 . 5 2 7 . 5 3 1 , 1 1 0 9 , 1 1 7 9 , 1 2 4 3 . 1 5 6 6 : V . 9 3 , p . 4 5 . 2 8 6 .)
D lv s . on pref. ( 4 % ) ........................................
9 1 9 .6 6 8
9 1 9 ,6 6 8
9 1 0 ,6 6 8
D iv id e n d s on c o m m o n ................................ (5 )3 ,4 9 9 ,1 3 7 ( 5 ) 3 ,2 0 4 ,8 4 3 ( 4 ) 2 .5 7 8 ,7 6 8
N O R T H E R N N E W B R U N S W I C K & S E A B O A R D R Y . — E x te n d s fro m
R e n t s .......................................................................
0 .6 0 0
1 2 2 ,2 3 8
1 5 2 ,8 1 7
Iron m in es of C anad a Iron C orp o ra tion , L t d ., near B a th u r st. N e w B ru n s
B e t t e r m e n t s _________________
2 ,5 9 7 .1 0 9
3 ,5 7 3 ,5 9 8
1 ,7 3 0 .5 8 0
w ic k , C a n a d a , to N ip lslq u lt J un e , on the In te rco lo n ia l.
T o t a l m ileage
A d v a n c e s to su b sld . c o s ., A c ----------------4 1 ,7 8 2
8 7 ,7 1 0
_ 8 , 1p7rop
5 osed , 26 m iles.
B on d s a u t h ., $ 3 9 0 ,0 0 0 a t * 1 5 ,0 0 0 per m ile, g u a r, b y
P rovince o f N ew B run sw ick and C anad a Iron C o rp o ra tio n .— ( V . 9 0 , p . 14 91 )
B a la n c e , su rp lu s................. - - - - - - ..........
* 5 7 6 ,4 6 5
* 1 ,1 1 7 ,0 5 8
* 1 ,2 8 6 .4 1 7
O F F I C E R S . — P r e s.. L . E . J ohn son; C hairm an o f Board .H e n r y F in k , 27
N O R T H E R N R R . O F N E W J E R S E Y , — O w n s fro m B erge n , N . J . , to
W illiam S t . N . Y . ; 1st V . - P . , W m . G . M acdow ell: S e c . .E H .A ld e n : T r e ss ,
S p ark lll, N . Y . , 21 m .; leases Sparklll to N y a c k , 5 m .
Leased to th e E rie
J o s. B . L a c y General office, R o a n o k e ,V a ., P hiladelp hia o ffic e . A r ca d e B ld g .
R R . from June 1 18 99 for the terra o f Its corporate e x iste n c e , for In terest
D ir e cto r s.— H e n r y F in k , V ictor M o ra w e tz , N ew Y o r k ; L . E . J oh n son ,
on b o n d s, 4 % on * 1 ,0 0 0 ,0 0 0 sto c k , p a y a b le q u a r te r ly , ta x e s , and all c o r
R o a n o k e , V a .; S am u el R e a , W . G . M acd o w ell, Joseph I . D o r a n , J ohn P .
p o ra te ex p en ses.
O f th e * 1 ,0 0 0 ,0 0 0 new 4 H % g e n . m t g e . b o n d s, $ 6 5 4 ,0 0 0
Green an d J . B . T h a y e r . P hiladelp h ia; Joseph W o o d , H e n r y C . F rick , P itts
are reserved to retire 6 s d u e Ju ly 1 1 9 1 7 . See V . 6 9 , p . 8 1 .— ( V . 7 1 . p . 3 0 .)
b u rgh ; W a lt e r H . T a y lo r , N o r fo lk , V a .— ( V . 9 3 , p. 4 0 5 , 5 9 0 , 6 6 2 . 6 7 0 .)
N O R T H E R N R Y . C O S T A R I C A .— See V . 7 1 , p . 1 0 6 7 . an d U n ite d F r u it
N O R R IS T O W N & At A IN L I N E C O N N E C T IN G R R .— O w n s d o u b le -tra ck
C o . ( V . 8 0 . p . 2 2 3 ; V . 8 1 , p . 6 1 4 ; V . 8 9 , p . 4 7 0 ; V . 9 2 . p . 5 2 7 ; V . 9 3 , p . 5 2 7 .)
road 54 m ile long .lncl. bridge over S ch uyk ill R iver a t N orristow n . P a .
N O R T H E R N O H I O R A I L W A Y . — {See M ap Lake Erie & Western.) —
Leased to P h lla. A Read R y . a t 4 % on stock and In t. on b
@FedFRASER