Full text of Commercial and Financial Chronicle : October 29, 1881 : Investors' Supplement, Vol. 33, No. 853

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OF

rOMMERCIAL~&

THK

plNANCIAL ^HRONICLE.

[Entered according to act of Congress, In the year 18S1, by Wm, B. Dana & Co., In the office

NEW

INVESTORS’
-

YORK,

of the Librarian of

OCTOBER 29,

SUPPLEMENT

As

to

the

1881.

Stock

Exchange, there is

undertone to the market than has

OP THE

time since the recent

a

now

a

stronger

been apparent at any

heavy decline in values

death of President Garfield
removed one element of

((^omtmrriai tit jfiitatmal (jj^jjronuie.
The Supplement contains

Congress, Washington, D. C.]

on

set in. The
the 19 th of September

uncertainty that had been hanging

complete exhibit of the Funded Debt of

States anil Cities, and of the Stocks and Bonds of Railroads and other
Companies.
It is published on the last Saturday of every other
month—viz., February, April June, August, October and December.
It is furnished without extra charge to all regular subscribers of
the Cheonicle.
Single copies are sold at $2 per copy.

over

the market for

more

than two months. But the

more

confident tone is to be ascribed

chiefly to a feeling that the
proving less ruinous than was ex¬
pected, that the shortage of crops has been largely
WILLIAM B. DANA & CO.,
Publishers,
79 cC 81 William Street.
exaggerated, that the increase in general traffic will more
than make good any deficiency
of tonnage on this
INVESTMENTS—SEPTEMBER AND OCTOBER.
account, that the heavy accumulations of grain at Western
After repeated periods of stringency,
longer or shorter markets will afford an immense
additional business after
in duration, during the past two months, the
money mar¬ the canals are
closed, and that securities have about reached
ket has again resumed a more
quiet appearance, and at bottom
figures.
At the close the improved feeling
the date of this writing loans on stock collaterals were
was
strengthened by a belief that the new Secretary would
obtainable at not above the legal rate of interest. Last
more nearly than Mr. Windom answer the
requirements
Saturday’s bank statement, for the first time in four weeks,
of the position for a man familiar with the needs of the
showed an excess in reserves above the 25
per cent business
community.
limit fixed by law, and this reflects the
improved
condition of the market. How much better the
position
There have been a number of occurrences, of
more or
of the banks is now than it was a short time
ago is appar¬ less influence on values in
general, during the last two
ent when we remember that on October 8
there was a months. The corner in
Hannibal & St. Joseph common,
deficiency of $3,333,275, while last Saturday there was a which raised the
price of the stock to 350, was quite an
surplus of $1,907,275.
event, as it frightened the shorts and induced a general
covering by them of their outstanding contracts because
The hanks have largely contracted their
loans, and con¬ of a fear that the
experiment in that stock might be
sequently decreased their deposit liabilities, but, through
large disbursements by the Treasury, continued importa¬ repeated in others, to their discomfiture. The annual meet¬
ing of the stockholders of the Western Union Telegraph
tions of gold from
abroad, and a somewhat diminished
Company for the election of a board of directors was held
demand for money from the
West, have also succeeded of on
October 12th} and was chiefly important because of the
late in increasing their total of
specie and legal tenders
election to the board of such new men as
held. Secretary Windom
Cyrus W. Field#
was induced to pursue a more
C. P. Huntington, and others almost
liberal policy towards the
equally prominent.
market, and in addition to the
railroad

war

of rates is

purchase of $2,000,000 bonds each Monday for five
weeks,
An event scarcely second to
he redeemed on the 17th
any in significance was the
$5,608,000 of the $20,000,000
development of the fact that Mr. Vanderbilt’s plans for
bonds embraced in the 105th
call, maturing December 24,
and announced on the 20th that he
would pay at once the increasing the business of his roads, were far more com¬
prehensive than was generally supposed.
remainder on presentation at the office in
He bought
Washington,
largely of Philadelphia & Reading stock, and succeeded
interest to accrue to date of
payment.
in securing control of a
majority of the stock of the
Cleveland Columbus Cincinnati &
This action of the
Indianapolis road,
Secretary had the effect of relieving the
consolidation of which with the Cincinnati Hamil¬
the market, and also
helped to revive the confidence of ton &
Dayton, under the name of the Ohio Railway, was
business men in a course not less
satisfactory to be pur¬
sued in the future.
Mr. Jewett, President of
It was evident that, whether the Sec¬ agreed upon some time ago.
the Erie, is now seeking- to prevent the
retary was chiefly to blame or not for this condition,
consolidation,
the
though .he was very active in furthering it when
accumulations of idle money in his hands were
larger by it seemed that the combined roads would
from 25 to 30 millions than at
deliver their
the corresponding date of
traffic to the Erie, even as did previously the C. C. C. & I.
hst yearr and with the
receipts, in payment of customs As to elevated railroad affairs, it is
only necessary to say
aud internal
revenue, pouring money into the Treasury on a that an understanding was this week reached between the
larger scale than ever before, it became a matter of
different parties, under which, everybody,
including the
grave
Attorney-General, consenting, the Manhattan was taken
just what the Government would do. out of the hands of the receivers, to be again operated (but
fils
anxiety has in great part been removed for the time
under a modified

foment to know
being.




lease) by the stockholders, led this time

by Mr. Jay Gould.

INVESTORS’

11

RAILROAD BUILDING IN
STATES\

SUPPLEMENT.

the Investors’ Supplement

such

mate

for August, 1881, an

published with tables exhibiting the approxi¬
amount of stocks and bonds issued, or subscribed

article

1.BETWE N

the known facts seemed

THE UNITED
*

In

[VOL. XXXIII

a

to

prominent road as Chicago & Northwestern the
new construction is put at only 100 miles, as

estimate of
no

was

before December 31, 1882.

23..BBEETTWWNN

give

our

regard to the stocks and bonds issued or engaged to
be issued in the future, there was some hesitation in put¬
ting forth a statement of that sort when there were noofficial statistics to be obtained. It was obvious, how¬
ever, and indeed plainly mentioned, that the total amounts
were an approximation.
But in order to give the facts
precisely as they stood, and in no respect to mislead the
readers of the Chronicle, the details of each issue of
stocks and bonds were given, and in case of objection to
any of the conclusions arrived at, the opportunity was
afforded of criticising the figures of any particular com¬
pany.
The details for each road were, in fact, the
vouchers for the general accuracy of the totals.
Only one
error has been brought to our attention in the extended
tables there presented, and this was in the table of stocks
The
and bonds issued without valuable consideration.
Columbus & Hocking Valley consolidation had an author¬
ized stock capital of $20,000,000, which was supposed to
have been all issued; but when the articles of consolidation
were filed soon afterwards, it appeared that about $10,000,000 of the stock was reserved, and hence the amount
then issued should have been stated as $10,000,000. With
this single correction the total issues would stand as fol¬
lows.
FOR TO SEPT.

Income

Mortgage

Bonds.

Bonds.

For construction of new road ....
For improvements, for purchase
of other roads, or on consolidat’n

$
221,183,000

TIIE ATLANTIC COAST AND THE UPPER MISSISSIPPI RIVER
OHIO AND POTOMAC RIVERS.

AND NORTH OF THE

Name

Miles

Miles to be
’81, to Dec.
Name of Company.
N. Y. L Erie. A West.

31, 1882.

of Company.

Anderson Paris A St. Louis
Boston Hoosac Tunnel & West.

110
300

Bridgeton & Saco Valley (Me.) 15
Buffalo Pittsburg & Western .. 96
Chic. & East Ill.—Grape Cr. Br. 16
Chic. & West Michigan
115
Cincinnati & Eastern
Chic. A Atlantic (Erie Extern).

North Wisconsin

165

Cincinnati Wabash A Mich....
Chic. St. Paul Min. & Omaha..

Ohio Central
Ohio Southern

Ontonagon & Brule River
Peoria A Farmington
Port Huron & North Western..
Pliila. Marlton & Medford
Pittsford & Williamston
Pittsburg A Youghiogheny ....

17
49
135

72
Youngs & Pitts
Detroit Mackinaw & Marq.... 67
Hartford A Conn. Valley
12
Genessee Valley Canal RR....
88
Indiana Illinois A Iowa, esti¬
Cleve.

mated (projected

Plymouth,

1.... 78
Michigan Central
30
Milwaukee Lake Shore & West. 70
130
Missouri Pacific -Omaha Ext..

•

40
25

Covington A Southern..

10
53

Atlanta A Charlotte
Ches. Ohio A South Western...

Cincinnati Eutaw A Selma

17
16

—

City A Norfolk

Georgia Pacihc

$

$
25,759.200 143,370,000
21,500,000 147,015,200
4,225,000 22,708,700

296,352,000

51,484,200 313,093,900

Jacksonville A St. Augustine..
Kentucky Central

25
350

35

70

To-day our purpose is not to indicate, or attempt to indi¬
cate, the total miles of railroad to be built during the next
fifteen months.
We leave that for the reader to estimate.
All we seek is to give a statement of some of the roads
now definitely undertaken in the United States.
No road
has been included in our tables which was a project merely
paper, without work actually begun or capital sub¬
scribed with which to commence work immediately. Three-

on

quarters of the present year have already expired, and
after the close of December the usual statements will be

400

73

liflumiri Tnwu

In

some cases

it has

be
completed in that period; but the estimates have always
been made below rather than above the figures which
been necessary




to estimate the number of miles to

36

Valley of Virgiuia

2,352

MISSISSIPPI RIVER AND NORTH

esti¬

mated (projected 600 miles).
Chic. Texas A Mex. Cent., Dal¬
las to Fort Smith, est
Dallas A Wichita.
Fort Worth A Denver City (350

projected)

150
200
150
54

350
278

50
48
100
52

Memp. 275
A Tex.

Missouri Kansas A Texas

Morgan’s Louisiana A Texas..

40
100

8

Pacific
168
A Mexican (Rich¬
mond to Brownsville)
150
Northern Pacific
250

New Orleans
N. Y. Texas

350

Northern Pacific

50

Oregonian Br. and Extension.

11

Osceola A Des Moines
Sioux City A Paoitic
St. Louis Des Moines A North.
St. P. Minneapolis A Man., est.
Union Pacific—

120

35

350

i

Den ver So. Park A Pacific

Greeley Salt Lk. A Paciflo

•

Utah Northern
Black Hills Branch
Wabash St. Louis A Pacific...

1,000

,

59

..

4,063

Total

MOUNTAINS AND MISSISSIPPI RIVER

OF THE LATITUDE

Kansas City Springf. A
Little Rock Miss. River

I.OUfS.

30

At Nphrnfllrft

4. BETWEEN TnE ROCKY

miles

50'
Sequatchie Valley 42

Oregon A Short Line

394
16
Sheridan Ill., to Paupau
)e8 Moines A North Western..
33
lenver Longmont A N. W.. ..
22
>enver A Rio Grande
550
jittic Falls A Dakota
50
linneapolis A St. Louis
60

Galv. Harnsb. A San Antonio.
Gulf Colorado A Santa Fe—
Main Line, estimated
Fort Worth Extension
Houston E. A W. Texas, est.. .
International A Gt. Northern..

able to obtain the facts.

Tennessee A

Denver Extension

past on which definite engagements have already been
entered into for the construction of many miles of road in

we were

50

100
250

200
97

Savannah Florida A Western..

Republican Valley lines and

Atch. Topeka A Santa Fe
Austin A Northwestern,

railroads con¬
for the whole
year, to the close of December would fail to indicate in
Nor is the following
any degree the present movement.
table by any means a full exhihit.
We include only
such enterprises as are generally known or about which

60

50

North Eastern (Ga.)
Rich. A Alleghany—River Div.
Seaboard A Raleigh (N. C.)

OF THE LATITUDE OF ST.

compiled showing the number of miles constructed in the
year 1881. But that will not reflect the existing situation,
for the great feature in railroad building now is, the num¬
ber of new enterprises undertaken within a few months

the future; hence the mere exhibit of the
structed to October 1 this year, or even

Louisville A Nashville—
Pensacola A Selma Division. 25
Pensacola A Atlantic
170
Knoxville Branch Extension 72
Marietta A North Georgia
65
13
Nashville Chat. A St. Louis
Nashville A Florence
10
North Carolina Midland
105
Natchez Jackson A Columbus. 43
12
Nashville A Tuscaloosa
Norfolk A West.—New Riv. Br. 30

THE ROCKY MOUNTAINS AND

Burlington Cedar Rapids A No.
Burlington A Mo. Riv. in Neb.
Carson A Colorado
"hieago A Northwestern, est..
Chicago Milwaukee A St. Paul.
Chicago Burlingt’n A Quincy—
,

AND SOUTH

Total

Atlantic A Pacific, estimated..

8

4,791

Total

Pac. June.. 289

Augusta A Knoxville Extens’n

Elizabeth

35
22

THE ATLANTIC COAST AND MISSISSIPPI RIVER
OF THE OHIO AND POTOMAC RIVERS.

Ala. N. O. A Texas
Attica

40
19

Wheeling A Lake Erie ...;
West Jersey

36

17

Wisconsin & Michigan
Wellsville A Bolivia <N. Y.)

85
65

22
4

Valley (O.)

95

Massachusetts Central

45
6
25

Toledo Ann Arbor A Gr. Trunk
Ulster A Delaware
Vernon Greensburg & Rushv..

150
& West.. 140

Indianapolis & Evansville.....
Louisv. New Albany & St. L...
Louisv. New Albany A Chic...
Lehigh A Hudson River

22

56
Portage Westbourne & N. W... 36
Reading A Chesapeake
61
Rochester & Pittsburg Exten.. 120
Toledo Delp. A Burl, (all lines) 225

Ind., to Council Bluffs, la.,

700 miles)
Indiana Bloomington

52
15
242
75
200
85
400
300
35
49
45
20

New York Chicago & St. Louis.
N. Y. Pitts. & Chic., est
Owosso & North West’n Mich..

5
257

Chic. Portage & L.Sup.(400m.)
Cin. Ind. St. Louis & Chic

’

(Alton,

New Bright’n & N. Castle, Pa.
New York Lack. & Western
New York Susq. & Western
New York W. Shore & Buffalo.

50
45

Baltimore A Ohio
Baltimore A Delta..

’81, to Dec.
31, 1882

Pa., to Falls Creek)

17

Buckeport A Bangor...

be

to

Laid Oct. 1,

Laid Oct. 1,

22
7
Duck River
13
East Tennessee Virginia A Ga. 221
Elizabeth Lex. A Big Sandy... 139

75,169,000

Without valuable consideration..
Grand total

Stock.

we

GEOGRAPHICAL SECTIONS OF THE UNITED STATES.

Georgia—Blakely Br..
Central of South Carolina—Br.
Danville Mockv. A S. W. (Va.).

1, 1881.

new

compilation, which is as follows.

Cent, of

ISSUED OR SUBSCRIBED

more

With these explanations

already undertaken.

,

In

obtained of

definite information could be

work

for, during the current year to that date. In the present
article it is purposed to show the miles of railroad now
definitely undertaken in the country, and to be completed

STOCKS AND BONDS

For instance, in

warrant.

OF ST. LOUIS.

Sabine A

East

AND SOUTH

Texas,

mont to Woodville in

Beau¬

Tyler

County (est.)

Sabine Pass A Tex. Northern,
est. (Marshall to Sabine Pass,
205 miles)
St. Louis Iron Mt. A Southern

(Knoebel to La. State line)...

(proposed line

San Diego to Houston), est..
Texas Trunk—
Dallas to Sabine Point and
Branches (350 miles in all)..
St. Louis Tex. A Gulf of Mexico.
Texas A St. Louis
Texas Western (Houston to

Fredericksburg, 210 m.),
Total

100

250

289
3d
145

St. Louis A San Francisco
Texas Central
Texas A Pacific
Texas Mexican

50

150
200

100
300

est. 100

140

5. WEST OF THE ROOKY MOUNTAINS.

California A Oregon

Oregon Railway A Nav.

150

Co.... 274

Grand total........................

California Southern,

‘lie

Total

15,88$

octobeb,

INVESTORS' SUPPLEMENT.

1881.1

for the convenience of the reader, we have
divided into sections. The old divisions for indicating
railroad progress of Eastern, Western, Middle and South¬
ern States are rather obsolete. The channels of commerce,
as well as the map, seem to require a new arrangement,
conforming to the five great districts into which the
country is thus by trade and nature seperated. Hence.we
arrange the roads into sections—1st, from the Atlantic
coast to the Mississippi River and north of the Potomac
and Ohio rivers; 2d, from the Atlantic coast to the Lower
Mississippi and south of the Potomac and Ohio rivers;
3d, from the Upper Mississippi to the Rocky Mountains
and north of the latitute of St. Louis; 4th, from the Lower
Mississippi to the Rocky Mountains and south of the lati¬
tude of St. Louis; 5th, the Pacific coast.
The total our investigations thus bring to light is about
16 thousand miles of road, which is known to-day to be
either under contract or for which money provision has
been made, and all of which is to be completed within 15
months, or before December 31, 1882. Of course, this by
no means covers all railroad building to be undertaken
during that period. Enterprises not yet formed cannot be
included and in all instances of doubt, even in the above,
we have taken the lower figure.
Canada and the projects
The above,

in Mexico and Central America

are

all of them likewise

-omitted.

As to what would be the total aggregate for
the fifteen months if we should have covered the whole
field mentioned, and added estimates as to the future, we

•can

give

and

our

well

as we can

no

indication.

readers

can

It is really outside of

our

inquiry,

make the estimate for themselves

do it for them.

as

But in the present

condi¬
spring¬

tion of

unexampled activity, when new projects are
ing into life every week, it must be obvious that the
number of miles of road now absolutely in
progress, or
for which the money has already been
engaged, will
constitute only a moderate part of the entire num¬
ber

of

miles “to

be

constructed before

the

close

of

1882.

The average

cost of completing railroads in the whole
country may be estimated at $20,000 per mile; but this
means

the amount of cash

expended

the work, which
considerably less than the amount of capital called for
on the
companies’ bonds. Several of the most prominent
railroad loans have been marketed by the bankers
taking
them at 10 per cent advance on the prices paid by them to
the companies. Thus, for each $1,000 of bonds issued the
company receives $900 in cash.
Again, the construction
per mile does not include equipment, and, all things taken
into consideration; including tunnels, bridges, extraordin¬
ary grading, etc., it is a moderate estimate to say that
every mile of railroad built and equipped calls for an
average outlay of at least $25,000. The roads, therefore,
specified in the foregoing table as already undertaken
with track to be laid thereon between Oct. 1,
1881, and
Bee. 31, 1882, will cost with equipment about 397 mil¬
on

is

lion dollars.

which, at the rate of $25,000 per mile for road and equip¬
ment, would have cost $146,000,000.
The thoughts which are
naturally suggested from a
review of these figures are whether
they do not Indicate
a little too
rapid development in the direction of railroad
building, and whether we may not anticipate financial
disaster as a result of such a rapid conversion of
floating
into fixed capital.
The year 1873 is pointed at by
alarmists as precisely similar, and a similar result is now
predicted. It is, however, scarcely necessary for us to
stop long enough to~answer this latter suggestion. In no
particular, except in rapid development, does the present
time resemble 1873

or

the years ^immediately

country was on a basis of irredeemable paper
currency, and we had created debt, private, commercial,
corporate, municipal, until we were transacting business on
values having no relation to actual values.
As a conse¬
quence the country was buying everything and selling but
little, and exporting specie to our full production. Now

specie basis, having the -same currency as
nations, and for three years we have been an im¬
porter of specie to a large amount, besides retaining all
the home product.
The crops, railroad tonnage, manufac¬
turing products, and in short the whole business of the
country, is on a scale far beyond the experience of former
years.
We have also ten millions more people to produce
and provide for, so that altogether wealth is
being accu¬
mulated much more rapidly than at
any previous period.
For these and many other reasons which
might be men¬
tioned, a comparison of the condition of the country with
that of 1873 is wholly impossible.
At the same time it is possible that we may be
building
railroads faster thanjs for the country’s good.
What is
excessive railroad building, and when ha§ a theoretical
conversion of floating into fixed capital reached a
danger¬
ous point ?
This, we believe, must be determined first by
the extent of the floating capital at command, and
next by the capacity of the new
enterprises to earn
a fair income on their cost.
Taking, for instance, any
specified railroad now under construction, if we grant
we

are

on a

other

that it will

earn a

clear net income of 6 per cent on

the holder invested in these securities

can

be converted

into cash at

pleasure. On the other hand, if a railroad
and has little prospect of earning, an income
on its securities, those securities will maintain no
place in
the market, and the money invested in them will become
emphatically fixed capital. On this question of income the
success of each individual railroad must
depend, and our
readers can go through the list of the roads named in the
cannot earn,

table above and make their
of each.

own

estimates of the

exceedingly invidious, and altogether
improper, for a pul lie journal to pick out this or that enter¬
prise and predict that it would not be a financial success.

uable contribution to the railroad information of the
day.
But this running account is only intended to cover such
roads as come to the knowledge of the publishers
during
the year, and at the close of the

ful tnere would be

What

there is

we

have

no




real

abundance of idle

cause

for alarm.

even

if

a

unsuccess¬
At present

capital aside from prospec¬
tive increments.
In addition to past accumulations, government bonds are being paid off
every week.
Possibly
over a hundred million dollars in the
country will thus be
on the market for re-investment the
coming year. Some
of the money that goes into railroad construction will
undoubtedly be lost. Still, it is all going into production^
and even where it does not pay itself, it will furnish new
an

twenty per cent
mileage than the running account to the end of
Becember. This year, from January 1 to October 1, the
Gazette gives a mileage of 5,034; but the publishers esti¬
mate that
fully 16 per cent more had actually been built,
making the actual mileage 5,840 up to the 1st of October, business for old roads.
more

prospects

It would be

said, however, shows that
large portion of these enterprises should prove

their complete

its

cost, as represented by stock or bonds outstanding, we
must also grant that the securities can
always have a
ready market in New York or London, and the capital of

A running account of the new construction from week
to week is
kept by the Railroad Gazette, and forms a val¬

year
annual statement includes about fifteen to

preceding.

Then the

INVESTORS’ SUPPLEMENT.

IV

INDEX

TO

NAMES

OF RAILROADS.

titles of various railroad companies, by reason of
be experienced in looking up the name of a
in the tables of this Supplement. ‘ To obviate this difficulty, and to facilitate reference to any name, whether

With the numerous changes which are constantly taking place in the
foreclosures, consolidations, &c., it frequently occurs that much difficulty
former company

old, the following index

new or
NAMES

UNDER
MAY BE

'(Vor,. XXXlt.

"WHICH

COMPANIES

SOUGHT FOR.

has been prepared:

NAMES
BE

WHICH THEY WILL
FOUND IN THE TABLES.

UNDER

may

'

NAMES

UNDER "WHICH COMPANIES
MAY BE SOUGHT FOR.

*

NAMES UNDER "WHICH THEY WILL
BE FOUND IN THE TABLES.

Leavenworth Atchison & N’west
Leavenworth Lawrence & Galv

Missouri Pacific.
Kansas City Lawrence & Southern

Maine Central.
Denver & Rio Grande.
Chicago Burlington & Quincy.
Union Pacific, Central Branch.
New York Pennsylvania & Ohio.
Savannah Florida & Western.
Norfolk A Western.
St. Louis A San Francisco.
Marietta & Cincinnati.

Leeds &

Maine Central.

BeLlefontaine A Indiana
Beloit A Madison

Ohio Railroad.
Chicago A Northwest.

Memphis A Ohio

Berks County
Boston Hartford & Erie
Buffalo A Erie

New York A New England.
Lake Shore A Michigan Southern.

Alabama & Tennessee River
American Dock & Improvem’t Co..

Androscoggin A Kennebec
Arkansas Valley
Atchison & Nebraska

Atchison A Pike’s Peak
Atlantic A Great Western
Atlantic & Gulf
Atlantic Mississippi & Ohio
Atlantic & Pacific
Baltimore Sliort-Liue

Bay City & Saginaw

Burlington A Missouri
Cairo Arkansas A Texas
Cairo A Fulton

California 6c Oregon
Camden & Amboy

Cape May A Millville
Union Pacific Central Branch
Central of Long Island
Central Vermont
Cham. Havana & West

Chicago Clinton Dubuqe& Minn

Chicago A Great Eastern

Selma Rome & Dalton.
.Central of New Jersey.

Flint & Pere Marquette.

Detroit & Milwaukee

^Detroit Monroe & Toledo
Detroit A Pontiac
Dixon Peoria A Hannibal

Dubuque Southwestern
Easton & Amboy
East Tennessee A Georgia
East Tennessee A Virginia

Holly

Galena & Chicago Union
Grand R»pids New & L. Shore
Grand River Valley
Great Western (III.)
Greenville & Columbia

Hannibal & Central Missouri
Hannibal & Naples
Harlem & Portchester

Hastings A Dakota
Holly Wayne A Monroe

Holyoke A Westfield

Houston A Great Northern
Hudson A River Falls

Illinois Grand Trunk
Illinois & Southern Iowa
Indiana & Illinois Central

Long Dock Company

New York Lake Erie & Western.
Chicago & Alton.
Wash. City Va. Mid. & Gt. Southern
Georgia RR. & Banking Co.

Louisiana & Missouri

Lynchburg A Danville
Ulacon & Augusta
Macon & Western
Mariette Pittsburg &

Central Railroad & Bank Co., Ga.

Cleveland & Marietta.

Cleve...

Connecticut & Passumpsic.
Louisville & Nashville.

Massawippi

Chicago & Northwest.

Philadelphia A Reading.

Michigan Central.
Lake Shore & Michigan Southern.
New York Susquehanna A Western.

Chicago Burlington A Quincy.
Missouri Pacific.
Missouri Pacific.
Central Pacific.

Milwaukee & Western
Minnesota Central

United Companies of New Jersey.
West Jersey.
Central Branch Union Pacific.
Flushing North Shore A Central.
Vermont Central.
Wab. St. Louis A Pacific.

C. M. & St. Paul.

Columbus Chic. & Indiana Central.

Lehigh Valley.
Union Pacific.

Michigan Central.

Chicago Milwaukee & St. Paul.
Chicago Milwaukee & St. Paul

Chicago & Northwest.
..Vermont A Canada.

Minnesota Valley

Missisquoi

Mississippi Central

Chicago St. Louis & New Orleans.

Missouri River Fort Scott & Gulf ...Kansas City Fort Scott & Gulf.
Missouri River RR
Missouri Pacific.
New York & Greenwood Lake.
Montclair
Monticello & Port Jervis
Port Jervis & Mqnticello.

Nashua & Rochester
...Worcester & Nashua.
Newark A New York
Central of New Jersey.
New Bedford Railroad
Boston Clinton Fitchburg A N. B.
New Jersey Midland
New York Susquehanna <fc Western.
New Jersey RR. & Transportat’n Co.United New Jersey RR. & Canal Co’s
New Mexico & So. Pacific
Atchison Topeka & Santa Fe.
New Orleans Jackson & G. N
Chicago St. Louis A New Orleans.
Mew Orleans Pacific
Texas A Pacific.
New York & Manhattan Beach.... .Manhattan Beach Co.
New York & Oswego Midland
New York Ontario A Southern.
New York A Rockaway
Long Island.
Newtown & Flushing
Long Island.
Niles & New Lisbon
Cleveland & Mahoning Valley.
Norfolk & Petersburg
Norfolk A Western.
Northern Cross
Chicago Burlington & Quincy.
North Missouri
Wabash St. Louis A Pacific.
North Wisconsin
.'
Chic. St. Paul Minn. & Omaha.
Northwestern North Carolina
Richmond & Danville.
Northwestern Union
Chicago & Northwest.
Northwestern Virginia
Baltimore & Ohio.

Detroit Gr. Haven & Milwaukee.

Oakland & Ottawa River
Ohio A West Virginia
Oil Creek
Omaha & Southwestern
Ontario Southern

Col. Hocking Valley & Toledo.
Pittsburg Titusville & Buffalo.
Burlington & Missouri in Nebraska
Lake Ontario Southern.

Washington City Va. Mid, & Gt. So.
Chicago Burlington & Quincy.

Orange & Alexandria
Ottawa Oswego & Fox River
Pacific of Missouri
Pekin Lincoln & Decatur
Peninsular (Mich.)
Peoria Pekin A Jacksonville

Missouri Pacific.
Peoria Decatur & Evansville.

Pittsburg Titusville A Buffalo

Lake Shore & Michigan Southern.

Port Royal & Augusta.

Detroit Grand Haven & Milwaukee.
Chicago Burlington & Quincy.

Lehigh Valley.
East Tenn. Virginia A Georgia.

Quincy Alton A St. Louis
Quincy Mo. & Pacific
Quincy & Palmyra
Quincy & Toledo

Chicago Burlington A Quincy.
Wabash St. Louis & Paciflo.
Hannibal & St. Joseph.
Wabash St. Louis & Paciflo.

Chicago Milwaukee & St. Paul.

Flint & Pere Marquette.

Atchison Topeka A Santa Fe.

Chicago & Northwest.

Chicago A West Michigan.
Michigan Central.
Wabash St. Louis & Pacific.
Columbia A Greenville.
Missouri Kansas & Texas.
Wabash St. Louis & Pacific.
New York New Haven & Hartford.
Chicago Milwaukee & St. Paul.

Flint A Pere Marquette.
New Haven A Northampton.

Missouri Kansas A Texas.
Chic. St. Paul Minneap. & Omaha.
Chicago Burlington A Quincy.
.Wabash St. Louis A Pacific.
Indianapolis Decatur & Springfield.

Quincy & Warsaw

Kepublican Valley

Chicago A Lake Huron.
Maine Central.
Chicago Milwaukee & St. Paul.

Atchison Topeka & Santa Fe.

;

Chicago Burlington A Quincy.

Burlington & Missouri in Nebraska.

Rochester & Northern Minnesota ...Chicago & Northwest. „
St. Joseph & Denver City
St. Joseph A Western.
St. Joseph A Pacific
St. Joseph & Western.
St. Louis Iron Mount’n & Southern.Missouri Pacific.
St. Louis Jacksonville & Chicago
Chicago & Alton.
St. Louis Kansas & Arizona
Missouri Pacific.
St. Louis Kansas City & Northern...Wabash St. Louis & Pacific.
St. Louis & Lexington
„
Missouri Pacific.
St. Louis Rock Island & C
Chicago Burlington & Quiney.
St. Louis A Southeastern
Louisville A Nashville.
St. Paul & Chicago
Chicago Milwaukee A St. Paul.
St. Paul & Pacific
St. Paul Minneapolis & Manitoba.
St. Paul A Sioux City
Chic. St. Paul Minn. & Omaha.
Chic. St. Paul Minn. & Omaha.
St. Paul Stillwater A T. F

Sandusky City A Indiana
Sandusky Dayton A Cincinnati

Cincinnati Sandusky & Cleveland.
Cincinnati Sandusky A Cleveland.

San Francisco Oakland & Alameda .Central Pacific.
Savannah Albany & Gulf
Atlantic & Gulf.
Schoolcraft A Three Rivers
Lake Shore A Michigan Southern.
Scioto & Hocking Valley
Marietta &
Sioux City & Dakota
Chicago Milwaukee & St. Paul.
Sioux City & St. Paul
Chic. St. Paul Minn. & Ohaina.
Smithtown & Port Jefferson
Long Island.
South Pacific (Mo.)
St. Louis A San Francisco.
South Side, (L. I.)
Brooklyn A Montauk.
South Side (Va.)
Norfolk A Western.

Cincinnati.

Southern

Georgia A Florida

Southern Minnesota...>
Detroit Lansing & Northern.
Iowa City A Western
Burlington Cedar Rapids & North’n. Spartanburg2& Asheville
Stanstead S. A Cliambly
Chicago Milwaukee & St. Paul.
Iowa& Dakota
Steubenville & Indiana
Iowa Midland
Chicago & Northwest.
Iowa «fc Minnesota
Chicago Milwaukee & St. Paul.
Sunbury A Erie
Tebo A Neosho
Iowa South. A Missouri North
Chicago Rock Island A Pacific.
Tennessee A Pacific
Jackson Lansing & Saginaw
Michigan Central.
Toledo A Illinois
Jamestown A Franklin
Lake Shore A Michigan Southern.
Toledo Logansport & Burlington
Joliet A Chicago
Chicage & Alton.
Toledo Peoria A Warsaw
Toledo & Wabash
Kalamazoo Allegan A Gr. Rapids ..Lake Shore A Michigan Southern.
Kalamazoo A Schoolcraft
Lake Shore A Michigan Southern.
Union A Logansport

Ionia & Lansing

Savannah Florida & Western.
Chisago Milwaukee & St. Paul.

Asheville & Spartanburg.
Vermont Central.
Pittsburg C. & St. Louis.

Philadelphia & Erie.

Missouri Kansas & Texas.
Nashville Chattanooga & St. Louis.
Wabash St. Louis & Pacific.

Michigan Central.
Lake Shore A Michigan Southern.
Hannibal A St. Joseph.

Union A Titusville

Columbus Chic. & Indiana Central.
Wabash St. Louis & Paciflo.
Wabash St. Louis & Pacific.
Columbus Chic. & Indiana Central.
Pittsburg Titusville A Buffalo.

Virginia Central
Virginia A Tennessee

Chesapeake & Ohio.
Norfolk & Western.

Chicago Burlington & Quincy.
Chicago & Alton.
Atchison Topeka A Santa Fe.

Waco A Northwest

Missouri Pacific.

St. Joseph A Western.
Union Pacific.
Delaware Lackawanna A Western.

Ijackawanna A Bloomsburg
Lafayette Bloomington & Mimcie...Lake Erie A Western.
Wabash St. Louis A Pacific.
Lake Erie Wabash A St. Louis




Atchison Topeka & Santa Fe.

Port Royal.
Portland & Kennebec
Prairie du Cliien
Pueblo & Arkansas Valley

Detroit Grand Haven A Milwaukee.

Bloom. & West. Exten.Champaign Havana & Western.
Cin. Indianapolis St. Louis & Chic.
& Cincinnati
Cin. A Lafayette
Cin. Indianapolis St. Louis & Chic.
A Madison
Jeffersonville Madison & Ind.
International A Great Northern
Missouri Kansas & Texas.

Kansas City A Cameron
Kansas City A Eastern
Kansas City St. Jos. & Council B
Kansas City St. Louis & Chic
Kansas City Topeka & Western
Kansas A Nebraska
Kansas Pacific

Buffalo Pittsburg & Western.

Pleasant Hill & De Soto
Port Huron & Lake Michigan

Indianapolis
Indianapolis
Indianapolis
Indianapolis

Kalamazoo A South Haven
Kalamazoo A White Pigeon

Chicago & Northwest.

....Wabash St. Louis & Pacific.

Eel River.

East Tenn. Virginia A Georgia.
New York Lake Erie & Western.
Essex
Eastern (Mass.)
Evansville <fc Crawfordsville
Evansville & Terre Haute.
Evansville Henderson & Nashville.. Louisville & Nashville.
Chicago & East. Illinois.
Evansville & Terre Haute
Florence El Dorado & W

Missouri Pacific.

Michigan Air-Line
Michigan So.& North’n Indiana
Midland of New Jersey

Erie.

Flint A

Central of New Jersey.

Lexington & Southern

Menominee River

Chicago A Illinois River
Chicago A Alton.
Chicago & Michigan Lake Shore
Chicago & West Michigan.
Chicago A Milwaukee
Chicago & Northwest.
Chicago & Springfield
Illinois Central.
Chicago A Southwestern
Chicago Rock Island A Pacific.
Chic. St. Paul & Minn
Chic. St. Paul Minn. A Omaha.
Marietta A Cincinnati.
Cincinnati & Baltimore
Cincinnati & Chicago Air-Line
Columbus Chic. & Indiana Central.
Cincinnati & Indiana
Cin. Indianapolis St. Louis A Chic.
Cincinnati Hamilton & Dayton
Ohio Railroad.
Cincinnati Hamilton & Indianapolis.Ohio Railroad.
Cincinnati Lafayette & Chicago
Cin. Indianapolis St. Louis & Chic.
Clayton & Theresa
Utica & Black River.
Cleveland Columbus A Cincinnati ..Ohio Railroad.
Cleveland Col. Cin. & Indianapolis..Ohio Railroad.
Cleveland Paines ville & Ashtabula.. Lake Shore & Michigan Southern.
Cleveland & Toledo
Lake Shore A Michigan Southern.
Columbus A Indiana Central
Columbus Chic. & Indiana Central.
Columbus & Indianapolis Central.. .Columbus Chic. & Indiana Central.
Col. Hocking Valley & Toledo.
Columbus A Toledo
Connecticut Western
Hartford A Connecticut Western.
Kentucky Central.
Covington <fc Lexington
Dakota Southern
Sioux City & Dakota.
Danville & Vincennes
Chicago A East. Illinois.
Davenport A Northwest
Chicago Milwaukee A St. Paul.
Decatur & East St. Louis
Wabash St. Louis A Pacific.
Delano Land Co
Denver Pacific
Detroit & Bay City
Detroit & Eel River

Farmington

Lehigh & Wilkesuarre Coal Co

Wabash & Western

Wabash St. Louis & Paciflo.
Houston & Texas Central.

Washington City Va. Mid. A Gt. So.Virginia
West Wisconsin
f.
Western Pacific
Western Union Railroad
..

Wichita A Southwestern
Winona & St. Peter

Wisconsin Valley

Midland.

Chicago St. Paul & Minneapolis.
Central Pacific.
Chicago Milwaukee & St. Paul.
Atchison Topeka A Santa Fe.
Chicago & Northwest.

Chicago Milwaukee A St.

Paul.

STOCK AND BOND TABLES.
NOTES.
These tables arc

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

covered

by the mortgage.

71987878811

Size or Par Value.—These figures are dollars, showing the denominations or par value. The figures “ 100, Ac.,” signify $100 and larger.
Rate Per Cent—The interest per annum, is given for bonds, but the per cent of last dividend for stocks; g means gold; x, extra; s, stock or scrip.
When Payable.—J. A J. stands for Jan. & July; F. & A., Feb. & Aug.; M. & S., March & Sept.; A. & O., April & Oct.; M. & N., May & Nov.; J. A D.,
June & Dec.; Q.—J., quarterly from January; Q.—F.,
quarterly from Feb.; Q.—M., quarterly from March.
Ronds, principal when due; Stocks, last dividend.—The date in this column shows the period when the principal falls due of bonds, but the time
when the last dividend was paid on stocks
,

STATE SECURITIES.

Subscribers will confer

a

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

DESCRIPTION.

Date of

For explanations see notes above.

)

Arkansas—Funding bonds of 1869 and 1870..
Funding Bouds 1870 (Holford)
Levee bouds (or warrants)
Old unfunded debt, including
Ten year b’ds, Act May 29,’74

interest

)

1880

1875
1869
1870
1870
1870
1870
1863

To Miss., Ouachita & Red River Railroad
To Arkansas Central Railroad
State scrip

Connecticut—V?ar bonds, 20 year....)

I c°uP°n
or

War bonds, 20 year.
do
not taxable, 20 year,,

f

1,000

1871
1838 to’39
1874

L

100 Ac.

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

1863
500 Ac.
1870 A ’72
1873
500 Ac.
1863
1,000
1864
1,000
1865
100 Ac.
1877
1881
1872
1873
1879

Dist.pf Columbia— Perm’t imp’t, gold,

Florida—State bonds
Consolidated gold bonds ($300,000 are 7s)....
Georgia—Atlantic & Gulf Railroad bonds
Bonds, act of Mar. 12, ’66 (renewal W. & A.)..
Quarterly gold bonds, act of Sept. 15,1870..
Bonds, act of Jan. 18, ’72
Bonds for funding (Act Feb. 19, ’73)
Bonds to fund coupons on endorsed bonds...
Bends exchanged for endorsed RR. bonds

coup, (pay’ble after
School fund bonds (non-negotiable)
Iowa—War and defense bonds
School fund bonds

1,318,500
1,741,100
1,031,000
715,000

1,000

1,000

500 Ac.

coup...
Permanent improvement bonds, coupon
100 Ac.
Bds for fimd’g (Act June 10, ’79)
100 Ac.
coup, or reg.
Fund, b’ds (U.S.guar.,Acts June,’74&
1874
50 &c.
Feb.,’75)
Market stock, coupon
1872
50 Ac.
Water stock bonds, coupon
1871 to ’73
1,000
Wash, fund’g, gld,($660,000 are M.AN.,1902).
1872
100 &c.

Indiana—Bonds,

960,000
1,886,000
1,268,000
1,986,773
1,985,955
261,500
412,000
1,200,000
1,000,000
1,200,000
600,000
1,350,000
1,353,120
95,500
500,000
2,801,000
877,000

i,ooo

1870

To Memphis & Little Rock Railroad....
To Little Rock & Fort Smith Railroad.

Funded debt bonds ©f 1873

539,000
931,000
2,810,670

1869 to ’70

.

California—Soldiers’ relief
State Capitol bonds

$6,578,000

100 Ac.
100 &c.

1876

Outstanding

$100&c.

1876
1876

Substitute b’ds for RR. (B) ($596,000).
do
for Ala. & Chatt. (C) ($1,0(
Educational funded debt

3,950,350

670,000
1,089,300
14,636,656

500 Ac.

3,600,000

1872

1,000
1,000

1873

250&0.

1876
1877

1,000
1,000

2,097,000
307,500
500,000
542,000

1879

i86*i

Apr.1,’84)

2,298,000
510,000
3,904,783
300,000
245,435

*

•

•

•

Alabama.—'The State gave 30-year bonds, dated July 1,1876, bearing
2 per cent till 1881, then 3
per cent till 1886, 4 per cent till 1896, and 5

Ser cent for last 10 years, for old bonds, endorsed any allowance for past^coupons. Alabama & Chattanooga without bonds were exchanged

do

July 1,1906

Montgomery.

Jan. 1, 1900

N. Y., Union Trust Co.

1899
1900

J. & J.
&
&
&
&
&

do
do

do

J. & J.

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

July 1,1906
July 1,1906

Y., Importers’ A Tr. Bk.

J. & J.

10
6
7
7
7
7
7
5 &
7
7
6
6
6
6
5

Due.

Whom.

& J N.
& J.

7

do

1900

do

Ark.
York, Nat. City Bank.
Y., Union Trust Co.

1884

Little Rock,

J. New
O.
N.

do
do
do
do

0.
O.
O.

& 0.

*1899*

do
do

1900
1900
1900

do
do

April, 1900

8

g.
g.
g.

4

6 g.
7
5

3*65

6 g.
7

925,000 7 & 6 g.
300,500

J.
J.

Principal—When

Payable and by

Payable

J. & J.
J. & J.

7

350,000

Where

vy iien

6
6
6

7

500

1866
1870

3 &c.
5
4 Ac.

400,000
1,805,000

i,obo

1873

Rate.

150,000

-

1871

1866

INTEREST.

Amount

Size or
par
Value.

Bonds.

-

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

&
&
&
&
&
&
*M. A
J. A
J. A
J. A
J. A
F. A
J. A
J. A
J. A
m

m

m

J. A

J.
J.
J.
J.
J.

Hartford, Treasury.

do
do
do
O.
do
N.
do
do
J.
Phila., Phila. Nat. Bank.
J. Wash, or N. Y., U. S. Treas.
do
J.
do
do
do
J.
do
do
A.
do
J.
do
do
do
J.
do
do
J.

J.

7

J. A

8

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

8

Mayl, 1897
1886,1891,1901

July 1, 1891
July 1, 1891
July 1, 1899
Aug. 1. 1924
July 26.1892
)ct. 1,1901 to ’03
1892 & 1902

do

do

J.

7
7 g.

6
7

.

N.Y., Donnell, LawsonA Co.

n,

F. A A. N.

5

do
do

do
do

6

7
6

1883
1885
1893
Jan. 1, 1883
Jan. 1, 1884
Oct. 1, 1885

Sacramento, Treasury.

Jan. 1,1903

Feb.

Y., Fourth National Bk.

J. N. Y., National
do
Q.—J.
A

Park Bank.

do

J.

do
do
do

N. Y.,

do
do
do
do

Oct., 1890
July, 1892

April 1, 1886
July 1, 1896
Jan.

do

1, 1889

Winslow, L. A Co.

April 1,1889

Y„ Gilman, Son A Co.
State Treasury.

July*i**1881

do

N.

1,1886

May, 1886

do

standing debt. Series “A” arc $250,000, redeemable July, 1882 tdT
1886; series “B,” $300,000. redeemable July, 1886 to 1891; series “C,’#
$165,000, redeemable July, 1891 to 1901. (V. 32, p. 500.)

.

for $1,000,000 of the new
and 4 per cent for

bonds, Class C, which bear 2 per cent till 1881,
years. For railroad endorsements the
ponds issued bear 5 per cent. In 1880 the new 6 per cent bonds were
issued to retire old 8 per cent “State obligations.”
Analysis of the
debt and
funding operations was given in the Chronicle, V. 24, p. 28.
For the $2,000,000 of State 8
per cent bonds issued to the Ala. & Chatt.
RK. under act of Feb.
11, 1870, the State gives the lien on the lands
granted to that railroad, 500,000 to 1,200,000 acres. Tax rate, 1879-80,
7 nulls;
1880-81* 6*2 mills, The assessed valuation of real estate and
personalty was $126,773,262 in 1879 and $123,757,072 in 1880. (V.
27, p. 94; V. 28, p. 199; V. 32, p. 182.)

remaining 25

i

£$finsa8.-~The State Supreme

Court decided Levee bonds of 1869 and

i»/0 invalid. The State is in default for
interest, except on the 10 per
cents of 1874 and secured
sinking fund bonds issued under the law of

December,

1874. The total recognized debt is $5,813,627, and State
(land and sinking fund), $5,274,712. Assessed valuation of tax¬
able property in 1880 about
$90,000,000, and tax rate 7^ mills. The
loiiowmg are the latest official assessments:
Real Estate.
Personal.
Tax Rate.
$61,812,088
$29,842,103
10
J8!9
61,892,881
31.971,308
- 10
55,713,115
32,366,893
}8lZ
7
18'855,351,488
32,613,686
7h
HV. 28, p. 171, 276; V. 31. p. 88, 204,303; V. 32,
p. 566 ; V. 33, p. 328.)
assets

.

0»_

California.—The State

holds in trust for School and University funds
8o00,000 Capitol bonds and also bonds of 1873, in all $1,244,000.
$1,000 have been;
Personal.
,0*£.ar8Real Estate.
Total Valuation. Tax Rate.
$418,840,023
}8'a
$199,243,292
$618,083,315
$6-50
+,

tile

Assessed valuations and rate of tax
per

J8'^

454,641,311

,18i*

140,431,866

458,172,198
466,273,585

18,9

128,780,824
118,304,451

595,073,177
586,953,022
584,578,036

7*35

6*20
550

Connecticut.—'The

war

purposes.

10\tarH*

debt of Connecticut was all created originally for
Assessed valuation and tax rate jier $1,000 have been:

Real Estate.

..$238,027,032
235,412,691
228,987,700

frl80
ue

'

Personalty.

$106,379,045

99,970,163
95,901,323

$327,182,435-

assessed valuation of real estate is about 70 per cent

•-0

?

Tax Rate.
•

150

1*50
1*50

'

of the true value.

are.—Ihcee refunding bonds issued July, 1881, take up out¬

fc., *




assessed value of taxable real estate
The interest and sinking fund
on the 3-65 bonds are provided for by Congress; the act of June 16f
1880, allowed further issues of these bonds to the amount of $1,256,750,
Real and personal estate, &c.. has been assessed as follows:
District of Columbia.—The total

and

personal property is shown below.

Real Estate.

$95,929,401
97,609,890
87,491,442
87,980,356
88,953,078
—V. 31, p. 88, 122, 304, 381; V. 32, p. 69.)

Tax Rate.

Personal.

$15,419,873
17,239,051
13,363,920

$15
15
15
15
15

-

10,895,712

Florida.—Lead the sinking fund of $143,900, and Jacksonville
cola & Mobile loan, the total debt is $3,149,800, wliich does not

Pensa¬

include
Coupons of the

$132,000 bonds of 1857, held by Indian Trnst Fund.
consolidated bonds are receivable for taxes. Real and personal property
assessed in 1878 at $29,471,227; tax rate, 9 mills; in 1879 at
$30,938,209, tax rate 7 mills. (V. 25, p. 212; V. 32, p. 100.)

Georgia.—The constitutional amendment in 1877 declared void several
There were issued $400,000
4 per cent bonds in 1880, but all except $107,000 taken up and can¬
celed in that year. Assessed value and tax rate per $1,000 have been:
Years.
Real Estate.
Personalty. Rate of Tax. Total Debt.
1... $140,153,250
$95,506,280
$5 00
$10,644,500
134,635,886
91,585,832
500
10,444,500
1879...
3*50
134,244,081
90,849,338
9,951,500
1880
99,276,876
350
139,657,250
-(V. 30, p. 465.)
Indiana.—'There are also $139,000 of 6 per cent war loan bonds
Indiana made a compromise "with her bondholders in 1846, giving them
State stock for one-half of their bonds and overdue coupons, and Wabash
& Erie Canal stock for the balance, about $7,500,000. The canal has
proved worthless, and the creditors claimed payment for their shares
issues of bonds and railroad endorsements.

from the State.

Valuation, 1879, all taxable property,

against $850,616,987 in 1878.

$884,368,828,

Tax rate, 1*3 mills.

Iowa.—This State has a very small debt, and that will paid in 1881.
Assessed values (about one-tlnrd of true value) and tax rate per $1,00Q
have been:
Years.
Debt.
Real Estate.
Personal and RR. Ta Rate.
1875
$101,109,772
$3
$294,313,368
1877

„

302,277,661

102,292,383

303,381,498

102,159,899

3

3

,

_

.

,

$;^3,05G
^45,435
545,435

SECURITIES.

STATE

VI
Subscribers will confer a

great favor by giving

[Tou XXXIII.

immediate notice of any error

discovered in these Tables.

INTEREST.
Date of
Bonds.

Size or
par
Value.

1861 to '69
1861 to ’75

iFor

explanation see notes on first page of

'Kansas—Bonds, 1861 to ’69, funding,
Bonds for various State purposes

tables.

Ao

Military loan

Louisiana—Bonds for relief of State Treasury
Bonds in aid of various

Amount

$100Ac.

DESCRIPTION.

.

railroads

of 1865.
do
Act 115 of 1867
do
special— A.ct 32 of 1870
Bonds funding coupons
to Boeuf & Crocodile Navigation Co...
do
to Mississippi A Mexican Gulf Canal..
do
do
school, held by 8t. Treasurer
to N. Orleans, Mobile A Chatt. RR
4o
to N. Orleans, Mobile A Texas RR
do
N. O. Mob. A Texas RR. bonds, end. by State
Consolidated funded bonds
Twos, fours and threes (see notes below)
Maine—War loan bonds
1 Coup.

500

1,000
1,000
1,000

1866
1867
1870
1866
1870
1869

500
100 Ac.

1857

1,000

1870

1,000
1,000
1,000

*

Municipal war debt assumed
Four per cent bonds

*

Maryland—Baltimore
Chesapeake A Ohio Canal, sterling
Railroads and canals
Eastern Shore Railroad
Baltimore A Susquehanna

'Chesapeake A Ohio Canal

Baltimore A Susquehanna

do
do
War Loan, sterling

Railroad

do
do
do
do

home

..

Missouri—State bonds, proper
Consolidated bonds
University and Lunatic Asylum
©tate Bank stock refunding

sterling

in full)

-.

bonds....

Funding bonds

Renewal bonds, coup., 5-20s, (act
Hannibal A St. Joseph Railroad

0.879

3.880

Personal

Property.
$39,997,287

Estate.
$97,483,242

41,131,187
43,700.545
52,138,722
....108,452,039
funds hold $715,700 of the bonds.
97,567,623
101,229,734

1,292,280

591,000

175,000

700,000

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

-

1874

1877

The valuations (at

Real

1,100,000

1,000
1,000

299,000

115,000

2,275,000

439,000

2,727,000
401,000
104,000

1,693,000
267,000

504,000

'

100 Ac.

small State debt, but the issue of

$13,000,000.

1,500,000

1,000

1874
1875-6-7
1857 to ’75

1864
1872

3,599,024

1,000
£500

1853 to ’59

Municipal war loan

0£78 ...'.

£200

1,000
1,000

1859 to’60
1854 to ’59

do
renewal
do
Nebraska—Bonds (act Feb. 14,1877) coupon...
Jtfeto Hampshire—War loan, coupon bonds

1,366,500
3,598,540
1,497,980
670,000
1,300,000
200,000

5,000

1857 to’59

Mch. 29, ’75)

999,944
5,506,952

1,000
1,000

1868 to’69
1874 A’76
1874 A ’77
1875-’76
1875
1863

1865
1873
1878
1858
1865 to *66
1868
1872
1874
1854 to ’58

Bonds to North Missouri Railroad
Bonds to Cairo A Fulton Railroad
Bonds to Platte County Railroad
Bonds to Iron Mountain Railroad
Pacific Railroad of Missouri

0.877

62,605

3,326,750

4,000,744

1875
1860

do

Temporary seed grain loan
Railroad Bonds (not recognized

'Years.

2,436,(566
155,615
31,069
269,000
528,355
298,435

225,000
465,000
965,554
500,000
888,000
200,000
.4,379,500

1873 to ’74

dollar be

Michigan—Two Million Loan
War Bounty Bonds
Minnesota—State Building loan, coupon

3xmds was about
flralue) have been:

1,995,555

1838
1838
Various.

500 Ac.
£100 Ac
£200
1869
1858 to ’61 £200 Ac
1861 to >63 500 Ac.
200 Ac.
1871
£500
1875

sterling,
sterling,

Kansas.—Kansas has but a

307,000

1864

sterling

Boston, Hartford A Erie Railroad,
Harbor Land Improvement (5-20s)
Danvers Lunatic Hospital...
Lunatic Hospital, Worcester
New State Prisons, sterling

i

2,826,900

1864

Railroad Loan

Southern Vermont

385,000
2,330,000

1880

1,361,000
2,972,000
1,000,000
3,850,000
1,501,000

1,499,000

449,267
600,000

2,206,100

municipal

one-half of true

Rate of Tax
per $1,000.

$5 50
5 50
5 50

Years.
1878

....

Total

Debt.
$1,181,975

1,181,975
1,181,975
1,181,975

6 50

July.
J. A J.
J. A J.
J. A J.

.7
6
6
8
6
8
6
8
730
6
8
8
8
7

Various

Principal—When

Where pavable
whom.

N. Y., Am.
do
do

....

6
6
6
4
5 g.
5 g.
5
5
3
6
6
6
6
6
6
6
6
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
5 g.
6
7
7
6 <_'
7
6
6
6
6
6
6
6
6
6
6
6
6
6
8
6
6

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

J.
J.
M.
J.
A.

J.
J.
S.
D.
0.
A.
J.
J.

due.

and by

do
do

July, 1893

$15,000

1872 to 1906

119,000

1886

May 1,
fundable,

Jan. 1, 1890

per report of
Jan. 1,1878.

1899
1897

July 1,1910
April, 1911
....

Jan., 1914
1886 A1914

New Orleans.

March 1,1883
June 1,1889
Oct. 1, 1889

Boston, Suffolk Bank.
do

do

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

$25,000 per year
1890

do

do

Q.-J. Balt., Farm. A Merch. Bk.

J.

A J.

Q.-J.

A.
J.
J.
J.

A
A
A
A

O.
J.
J.
J.

....

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

A
A
A
A

J.
J.
J.

1883
1883
1894
1894
1889
to ’90
April, 1891A ’93
July, 1891

do
do

do
do

N.

London, Baring Bros.

AN.
A J.

do
do

do
do

Boston, Treasury.
London, Baring Bros.

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

Jan. 1, 1895
1893 A ’94

do

do
Boston
do
do

Treasury.

July 1, 1895
April 1,1890
July 1,1900
London, Baring Bros.
Sept. 1.1894-96
Boston, Treasury.
Boston Treasury.
J’yl,’94-Sepl,’97
do
M’yl’95-Sepl,’96
do
Jan. 1, 1895
London, McCalmonts.
Jan. 1, 1883
Y., Am. Exchange Bank.
do
do
May, 1890
St. Paul, Treasury.
July 1,1883
do
do
Optional.
do
do

,

Various
J. A J.
J. A J. N.
M. A N.
J. A J.
J. A J.
J. A D.
J. A J. N. Y., Bank of Commerce.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
J. A J.
do
do
T. A J.
do
do
J. A J.
State Treasury.
A. A O.
Concord or Boston.
M. A S.
do
do
J. A J.

Real
Estate.

Personal
Property.

Tax per

$1,000.

$1,118,557,164 $761,266,574 $12 54
1,090,749,235

1890
1890
1890
1890
1885
1890
1800
1883
1885 A ’89
1887 A 1891
1887
1888 to 1893

July 1,
July 1,
May 1,
May 1,
July 1,
Oct., 1888

Boston, Treasury.

A. A O.

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

do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do
do
do
do

A. A O.

1907

March 1,1875
1886 A ’88

Amounts not

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

Quart’y

1883 to’84
1884 to ’99
1884 to ’99

Exch. Nat. Bk.

Various
M. A N.
M. A S.
J. A J.
J. A J.
80,000
M. A S.
260,000
Various
48,000
J. A J.
70,000
A. A O. 2,500,000

2, 4,3

1,649,405

500 Ac.
500 Ac.
100 Ac.

1870
1839
1839
1868
1870 A ’74
1872 A ’76 100 Ac.
1872
1878
1863
1,000
1863
1,000

Railroad

do
do
do
do
do

do

875,000
11,389,900

1839
1837

Annapolis A Elkridge Railroad
Defense Bounty Loan
Deaf and Dumb Asylum Loan.
Maryland Hospital Loan, 10-15 years
Maryland State Loan
:—
Treasury relief loan, 10-15 years
Massachusetts—Coast Defense Lioan
Bounty Fund Loan

Bounty Fund Loan

2,500,000

100 Ac.

t'

7

1118790.
719060887. 88
I regisor
J tered.
A Ohio Railroad, sterling

Bounty loan bonds

1871
1869
1874
1880
1863
1864
1868

Payable

6

48,000
80,000
260,000
48,000
70,000

1,000
1,000

When

Rate.

$101,175
739,000
289,000
61,000
273,000
49,000
98,000
23,000

100 Ac.

1864 to '65
1853

Levee bonds—Act 35

outstanding.

.

Dec., 1887
1883
1888

July, 1892
April 1,1894
1881
1881
1889
1881
1886

July, 1804 A ’95
1895-6-7
1887 to ’95
1894-0-6

April 1, 1897
Sept., 1884 & ’89

Jan., ’92 to 1905

Total
Debt.

Sinking
Funds.

$33,219,464 $13,448,194

12 78 33,020,464

742.533,998

to ’88

to’89
to ’90
to’89
to ’89

12,235,248

1,111,160,072 816,695,358 15 35 32,799,464 13,050,092
to Boston Hartford A Erie Railroad was secured by

loan
“Berdell” mortgage bonds, afterwards exchanged for N. Y. A N.
stock, and had a sinking fund of $1,213,678 January 1,1881.
The

E. RR.

practically extinguished, as the sinking fund
the debt. Equalized valuation of real and
Louisiana.- The Constitutional amendment passed December, 1879» personal property, 1880, about $630,000,000, and tax rate for State pur¬
provides for a new bond in place of consols of 1874, bearing 2 per cent poses 1 278-1,000 mills on the $1.
xor 5 years, 3 per cent for 15 years and 4 per cent afterwards, on which
Minnesota.—All the State bonds are now held by the permanent school
basis the interest charge per year for consols is $235,542. To June, fund. Minnesota has refused to recognize the “State Railroad Bonds” of
1881, the 2 per cents issued were $201,300, 4 per cents, $186,150; aud 1858, to the amount of $2,275,000. A proposed compromise with thp
3per cents (baby bonds), $1,261,955. The assessed value of property for holders was provided for in 1881. (See references below.) Taxable
1880 is $149,635,805, and tax is limited to 6 mills. The interest tax valuations and State tax have been:
alone was 5*2 mills before the constitutional amendment, and bond¬
Real Estate.
Tax Rate.
Personal.
holders are trying to enforce its collection by suit; in December, 1880, Years.
*.
$183,615,738
$46,175,304
an injunction was granted against the State Treasurer to prevent his
189,246,698
53,525,017
T5f5
diverting the interest funds. There is considerable overdue interest of
'203,473,637
54,581,906
16i5
the years 1874 to 1880 inclusive. A suit is pending by the State of New
Hampshire against Louisiana on her bonds. Taxable valuation for 1881 Tax for all purposes in counties averages 17*4 mills. (V. 32, p. 40,183,
about $176,000,000.
(V. 29, p. 18, 96, 277, 330, 358, 631; V. 30, p. 265, 368 ; V. 33, p. 74, 125, 282, 294, 304, 329, 404, 433.)
117, 493; V. 31, p. 88, 559, 606; V. 32, p. 468; V. 33, p. 23.)
Missouri.—The valuation of real and personal property in 1879 was
which $381,555,564 was
Maine.—The debt January 1, 1881, was $5,883,900.
The sinking $529,217,474, of and bridges were assessedreal and $147,661,910 per¬
separately at $29,143,968.
fund $1,307,857. Tax rate for 1879, 4 mills; for 1880, 5 mills on valu¬ sonal. Railroads
The tax rate is 40c. per $100. Bonds maturing are met by sale of
ation of 1870. (V. 31, p. 205.)
The Hannibal A St. Joseph RR.
renewal bonds and by sinking fund.
Maryland.—The State has largely' assisted canals and railroads, and provides for its own debt. (V. 27, p. 200, 409; V. 30, p. 467; V. 32, p.
State

holds $3,444,585 of stocks and bonds ranked as productive;
also holds $25,726,051 in unproductive securities. Assessed
and tax rate have been :
,

•

Real and
Personal.

*

Years.
1877
1878
1870
1880

•

$478,468,028
464,425,790
466,637,502
459,187,408

*

the State
valuation

Tax Rate,
per $100.

17Hc.

18 %c.
183ic.
183*c.

Mich igan.—The debt is
has sufficient assets to meet

.

685.)

Nebraska.—The State school fimd

holds $326,267. There are also

per

$1,000 have been;

Personal

Real Estate. 1
$40,589,285
37,975,987

Years.

$50,-

due 1885, interest paid Januaif"
cent of true value] and tax rate

000 10 per cent “Grasshopper” bonds
and July'. Assessed valuation (33^ per

Railroad, Ao.
$33,589,360
33,335,591
35,125,713
36,981,389

Tax Rate.
$7 35
6 3v Ja

39,263,823
6 37J«
38,378,409
6 3rt«
36,649,471
4 00
53,850,147
New Hampshire.—The debt of New Hampshire was created for war
purposes. The Mimicipal loan of 1872 was issued to cities and towns,
$1,262,141,092 $860,958,487 $12 80 $33,866,464 $14,294,238 the proceeds to be applied to their war debts. Total valnaiien in lo/v*
$206,959,017. Tai rate, $2 per $1,000. (Y. 29, p. 17L*
1877.... 1,191,583,169 822,289,966 12 84 33,550,464 13,635,490
—(V. 28,

p.

42.)

Massachusetts.—The funded debt, January 1, 1881, was $32,799,464.
The sinking funds were $13,050,192. The Hoosac tunnel and connections
oost the State heavilyr.
Assessed valuation, tax rate, Ac., have been:
Real
Personal
Tax per
Total
Sinking
Years.
Estate.
Property.
$1,000.
Debt.
Funds.




-

STATE SECURITIES.

1881.]

octobek.

vii

Subscribers will confer a great favor by giving Immediate notice of any error discovered In these Tables.
'

DESCRIPTION.
For
New
u

Date of
Bonds.

explanations see notes on first page of tables
Hampshire— ( Continued)—
1879_for refunding

i

„

Canal debt,

-

outstanding.

100 Ac.

1863
1864

tax free

500 Ac.

126,000
400,000

100 Ac.
100 Ac.

902,900

1875
1872
1873
1873
1874
1879

Under Art. 7, Sec. 3, of Congtitution, and Art. 7, Sec. 12.'

Carolina—Ponding bonds tax-receivable.

Old bonds in process of funding
Bonds to North Carolina Railroad

es.sa3
$50 &o.

$400,000

1,000
1,000

Registered bonds, tax free, 15-25

1867

50 Ac.
50 Ac.
50 Ac.

1867
1867
1872
1862
1863
1863
1864
1853 to’54
1866
1854
1868
1868

Rhode Island—War bonds
War bonds—
*

South Carolina—State House stock and bonds

.

-.

1868

Conversion bonds and stock

1869

1878
Deficiency bonds (act March 22, 1878)
1874
(Act Dec. 22, ’73)...
1874
Tennessee—Funding bonds, act of 1873
Bonds regist’d, act of 1873,($292,300 are 5s).
Various.
Held by E.T. University (not to be funded)...
i*881
Funding bonds.(act of March, 1881)
1872
Texas—Funding State debt (act May 2,1871)..
Frontier def’se,gold,act Aug.5,’70(red’ble ’91)
1871
Revenue deficiency bonds, act Dec. 2, 1871..
1872
Bonds, act Mar..1874 (for paying float’gdebt)
1874
1876
Redemption of debt, act Aug. 6, ’76
Bonds, act April 21, 1879
1879
Vermont— War loan bonds, registered
1862
Virqmia—Old bonds. 23 fundable
1851 to’66
Old nonds, sternng, not required to be funded
1851
Consol.) Act Mai. y71) coup, tax receivable
1871
Consol, bonds (Brown),

do
do
reg., conv. into coup...
do
(Act 1872) “Pealer,” cp. not rec’ble
Deferred certificates (W. Va.)

1871
1872
1871
1879
1879

.

New

funding bonds, 10-40s, ($449,300 reg.)..
do
do
sterling

&e.
Ac.
Ac.

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

.

was

$2,376,252,178
2,373,418,490
2,333,669,813
2,315,400,526

1877
1878

14,929,300
397,000

1,000

(!)
75,000
692,000
500,000
1,000,000

i,*6oo

1,000
1,000
1,000

100 Ac.
500 Ac.
500 Ac.
£100 Ac

100,Ac.
100,Ac.
100,Ac.

Various

1880

3,030,088
1.302.851
13,474,800

895,147
2,465,205

15,239,370
8.171.600

If all

were

Due.

Years.

-(V- 28, p. 69, 200, 327; V. 31, p. 45, 560; V. 32, p. 115.)

Ohio— Ohio has a very small State debt, but large local debts, amount¬
ing in 1880 to $41,297,745, against $25,957,588 in 1875, this increase
being mainly in Cincinnati debt. Valuations in Ohio have been as follows:
Real estate.
Real estate.
Personalty.
Real estate,
Personalty
personalty.
1860
$639,894,314 $248,408,290
$461,460,552
1866.. 663,647,542 442.561,379 1879. 1,093,768,904 442,979,885
1877. .1,084,455,378 490,190,387 1880. 1,102,049,931
456,166,034

do
do

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

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

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

Jan.

do

do

Y., Nat. Bk. of Republic,

1909

do
do
do

1868 to ’98

1883 to’85
1868 to ’98

Raleigh, Treasury.

Indefinite.

New York,
do

Oot., 1898

Y., American Exch. B’k.
do

do
do

do
do
do
do

1,1883

July 1,1891
Oct. 1, 1895*

do

1898 to ’99
At will, 1882-’85’

Jan., 1887

Phila., Farm. A Mech. B’k.

J.
A.
A.
A.

m.'a's.

Jan., 1881 to ’84
Jan., 1886 to ’96
Jan., ’97 to 1902.
Oct., 1893
July, 1887

Feb. 1,1902

do
do

Aug. 1, 1904
July, 1882
July. 1882

do
do
do
do

Feb., 1892

Feb., 1882-1892
1882

Harrisburg Treasury.
Providence, R. I. H. A T. Co.

1922

Sept. 1, 1882
April 1,1883
July 1, 1893
Aug. 1, 1894
1871 A ’81

July 1,1887 to’97'
July 1,1875 to ’79*
July 1,1888
July 1,1888
^

July 1,1889
July 1,1882
1888

July 1, 1893
July 1, 1914
1875 to 1900
Various.

July 1, 1990
1891
1911
1892
March 1,1904

July, 1906
1909
Dec. 1, 189(L
1886 to ’95
1886

1905
1905

Contingent
1919
1919

funding law of Dec. 23,1873, provided for seal,

Real Estate.

p.

Personalty.

Railroads.

Tax Rate.

$41,604,113
76,583,866
43,967,758
77,609,666
42,785,768
13,767,400
18, 378, 402; V. 29, p. 358, 383; V. 30, p. 118; V. 33, p.

2V

4*r
4V

12.)

Tennessee.—The funding bill was given in V. 32, p. 387. This provide®,
for new bonds at 3 per cent to be given for the full face of the old and
12 overdue coupons, including that of July, 1881.
Coupons are taxreceivable, except for about $150,000 per year interest on the perman¬
ent school fund. There are $416,000 bonds renewed and $369,000
neverregistered. Assessed valuations and tax rate per $1,000 have been:
Real Estate.
Years.
Railroads.
Tax RatePersonalty.

4 per cents would be

Assessed valuation of real estate is
about 60 per cent of true value. Valuations and tax rate per $100 have
been:
Years.
Real Estate.
Personalty.
TotalValuation.Taxpr. $100
1877
$92,158,245
$54,212,248
$146,370,493
38
1878
91,079,834
51,228,268
142,308,102
38
1879
157,967.481
24

J.

A
A
A
A
A
A
A
A
A
A
A

$85,633,873

3^

Penitentiary under acts of 1868.

*A

do

do

July, 1882 to ’91

per cent. The consol were again “re-adjusted”
in 1879. In June. 1881, the consols stood at $2,641,000 out of a total:
authorized issue of $5,862,514 for fundable bonds and interest. Valua¬
tions and rate of tax per $1,000 have been:

29l0
28831000 —(V. 28,

new

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

South Carolina.—The

322,468,712

funded the

do
do

Various

ing down the old debt 50

364,960,110
352,469,320

$3,900,000. Special tax bonds are ignored, and also bonds to Chatham
RR. 1868, $1,030,000, and to Williamston A Tarb. RR.,
$150,000, and for

do

Y., Manhattan Co. Bank,

July 1, ’89-’90-’9I

of real property in 1876 (the latest made) was
$243,658,190,
and personal, $84,872,369; tax rate 1879,12 cents on $100.

3i6

paid on bonds issued to No. CarolinaRR.
($2,795,000), as the State holds $3,000,200 stock and receives dividends
thereon. The funding law of Mar. 4,1879, provided for funding old antewar bonds at 40 per cent of the face value; “ New ” railroad bonds
recog¬
nized as valid at 25 per cent; funding bonds of 1866 and 1868 at 15 per
cent. Nothing for overdue coupons. Coupons of the new bonds are re¬
ceivable for taxes.

Principal—When.

tion

State Tax.

North Carolina—Interest is

Jers^ City.

fg-

135.500

Valua¬

A J.
J. A J.
J. A J. N.
J. A J.
J. A J.
J. A J.
A. A O.
J. A J. N.
Various

?!:

1,647,000
533.700

346,000

$379,488,140

-(V. 32, p. 70.)

sg-

551.500
2,641,000
4,880,000

commented upon

Personal.

g

133.700

1,000

(V. 32, p. 70).

Real Estate.

£

32,000

1,000
1,000

A J. Bost.,Nat.Bk.Commonw’lth
A J.
do
do
A J.

O.
do
do
J.
do
do
A.
do
do
J. Columbia, State Treasury.
J. Columbia and New York.
J.
Columbia, Treasury.
g*
6 g.
O. Columbia and New York,
6 g.
0.
do
do
J.
do
do
gJ.
do
do
J.
State Treasury.
6
J. N. Y., National Park Bank.
6
J.
Nashville, Treasurer,
5 A 6
do
A J.
do
6
A J.
do
do
3
A J.
New York.
6
State Treasury.
Various
7 g. M. A S. New York, Bank of N, Y.
J. A J.
do
do
do
J. A J.
do
J. A J. New YTork A State Treasury,
do
J. A D.
do
6
J. A D. Boston, Nat.Bk.of Redemp.
6
N. Y., WYnslow, L. A Co.
J. A J.
5
J. A J.
London, Baring B. A Co.
6
J. A J.
Richmond, Treasury,
6
J. A J.
do
6
J. A J.
do
6
J. A J.
3 to 5
J. A J.
3 to 5
J. A J.

132,000
104,750

$430,032,638; personal (taxable), $82,584,880; total, $518,617,518,
against $508,892,338 in 1879 and $531,851,849 in 1878. State school
tax, 2 nulls.
New York—The financial condition of the State

6
5
6
6
6
6
6
6
6
6 g’

814,300
71,750
500,000
965,000
200,000
631,000
738,000
143,000
35,900
103,000

1,0*00

500 Ac.

41flg.

9.251.850

New Jersey—The debt was created for war purposes.
Sinking funds
Jan. 1,1880, were $1,428,545. Of the first class of bonds the principal
is payable $100,000 per year.
Valuation of real property in 1880,

by Governor Cornell in his message, Jan., 1881.
tions and tax rate for State purposes have been:

6
6
6
6
6
6
4
6
5
4
5 g.

395,000
87,000

1879

years

Agricultural College land scrip

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

Payable and by
Whom.

J.

ff:
Is-

(!)

1,000
1,000

1856
1877

100
100
100
100

J.
J.

J.

g g.
6 g.

2,000,000
2,211,616

Ac.

1,000

1,000

1881

(registered)

do
do

Where

Payable

6
6

2,795,000
1,180,000
383,045
44,000
11,366,000
2,800,000
2,400,000
8,000,000
2,000,000

1867
1868

Coupon loan (except_$53,000 reg.), April 2
do
April 2
Stock loan of Feb. 2 (registered)
do
do

When

*6*

4.302.600

1852
1852

Registered certificates of literary fund
Penitentiary bonds, act Aug. 24, 1868
Special tax bonds
Ohio—Registered loan of 1881
Registered loan, payable after Dec., 1886
Pennsylvania—Reg. bonds, tax fr., (red’ble ’92).

5

593,400
473,000
1,562,900
847.500

500 &c.

Railroad bds, not fund. (Chatham and W.AT.)

do
do

Rate.

J

$1,000

8971 878187.$,091652 187609.
North

I NTEREST.

Amount

1879
1879
1861

Loan of

Prison loan
New Jersey—War loan bonds,
War loan bonds, tax free
do
do
taxable
New York—
('

Size or
par
Value.

$212,589,045
202,340,815

196,165,644

195,635,100
—(V. 30, p. 467; V. 31, p.
579; V. 33, p. 66.)

$24,319,803
$
$1
20,871,338
1
16,952,036
1
16,133,338
16,375.894
1
190, 296, 330, 340; V. 32, p. 62, 253,387,

Texas.—The old high-rate bonds have been redeemed and low-interest
bonds issued. Assessed valuations and rate of tax per
$1,000 have beeiu-

Years.

Real Estate.

$174,324,176'
212,698,432
187,722,374
186,297,495
—(V. 30, p. 314.)

Personalty.

$83,307,833
106,237,273
115,480,050

114,227,912

Total Val’tion.

Tax Rate-

$257,632,009

$5

318,935,705
303,202,424
300,525,407

5
5
5

..

State tax rate, 2^10 mills.

Vermont.—Of the registered bonds

$135,500 are held for Agricultural
Assessed value of real estate, 1879, $71,017,881; personal,
$15,375,533; tax rate, $4 per $1,000.

College.

Virginia.—Total intorest overdue October 1, 1880, was $4,337,028.
Pennsylvania.—Sinking fund, $7,255,106. Revenue is raised prin¬
cipally from corporations. Taxes are levied on personal property. The The law of March 28. 1879. for refunding the debt, was given in
State holds $1,754,331 in stocks and $7,900,000 of railroad bonds.
Any Chronicle, Vol. 28, p. 353. The new bonds are 10-40 year bonds, and
Coupon bonds may be changed to registered. The bonds due in 1882 are bear 3 per cent for 10 years, 4 per cent for 20 years, and 5 per cent for
10

payable at anytime till 1892.

330.)

Rhode Island

—

The debt

was

(V. 28,. p. 43, 149, 600; V. 29, p. 192,

all created for

1880, the net debt, lees sinking fund,




was

war

In Jan.,
The State valua¬

purposes.

$1,828,013.

Assessed values in 1878 were:
coupons tax-receivable.
estate, $242,702,503;
personal, $73,984,368;
total, $316,686,872. Tax rate, 5 mills. The U. 8. Supreme Court in January, 1881,
held the coupons of consol, bonds not taxable by the State.
(V. 30, p163, 223, 454; V. 31, p. 88, 484, 578, 608; V. 32, p. 123.)
years,

real

SECITKITIES

CITY

TUI
Subscribers will confer

a

great favor by giving immediate notice

[Vol. XXXIII.
of any error discovered in these Tables,
INTEREST.

Size

Date of

DESCRIPTION.

bonds.
For explanations see

notes on first page of tables.
1866
1870-’71
1870-’81
1874
1875
1874-’77
1877
1865
66-’67-” >
1869-’70
L872 & ’7
1874
1877
1875

New Post Olfice site

High School
Water debt ($400,000 due 1900-3, are 7s)
Western Avenue improvement bonds
Bonds loaned to Albany & Susquehanna RR..
—

Bonds for streets, Ac

Bonds. A. L. Railroad for and State House—
Bonds for West. RR. and floating debt
Bonds, 1st and 2d series, waterworks

T

Redemption bonds
do

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

1864

Exempt boimty loan
Public parks (Druid Hill)

436,000
400,000
418,000
430,000

500 Ac.

100

100

1863
1865
1S60
1863
1853
1853
1868

1870
1872
1872
1873
1874
1880

Funding loan
Western Maryland Railroad
Jones’ Falls ($739,600 are 5s)
Valley Railroad
Water loan ($263,000 only are 6s)
Harford Run improvement loan

52,000

2,060,000
7,306,546

Ac.
Ac.
Ac.

5,000,000
1,000,000
2,211,068
410,353
555,566
185,723
5,000,000
1,000,000
1,000,000

Ac.
Ac.
Ac.

Ac.
Ac.

Ac.

Ac.
Ac.
Ac,
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.

100
100
100
100

943,161
85,900
800,000

1,000,000

1^539,600
240,000

1,375,000

do

100 Ac.

1874

1,000

1875
1869
1869

500 Ac.

1861
1869

Knox & Lincoln Railroad ($23,750 each year)
do
do
(F.AA. and M.AS)..
Boston— City purposes, war debt. Sic
City debt and Roxbury and Charleston

1871-’72

do
do

do

City debt and Roxbury and Charleston
Roxbury debt
Brighton and Whst Roxbury
Dorchester and West Roxbury and Brighton.
Burnt district, sterling loan
Consolidated street improvem’t, sterling loan.
Mystic water debt, assumed
do
do
do
do
do
do

do

5 per
4 per

1875 & ’78
1878

1872
1875-76

gold

do

1879
1879-’80

do

4

Various.,

425,000
475,000
420,600
2,786,500
11,360,500
2,247,000
1,795,000
450,000
515,000
328,000
58,000

Various.

Various.
1,000
•

•

•

•

....

....

....

....

•

•

•

•

•

•

•

•

•

•

£100Ac

Brooklyn—Brooklyn local improvement loan...

1861

Mount Prospect Square loan
1857
1865
Soldiers’ aid fund loan
Third street improvement loan, local
1867
Gowanus canal improvement loan, local
1866
Bushwick avenue
do
1865
do
do
1866
SouthSeventh st.
do
do
do
Union street improvement loan, local
1867
Fourth avenue
do
do
do
1862 & ’67
Wallabout Bay
do
1867
do
New York Bridge loan, registered and coupon
1870
Bonds for N. Y. A Brooklyn Bridge, cp. or reg.
1876-’79
Prospect Park loan, registered and coupon ... 1860 to ’73
....

Prospect Park loan

'I860 to ’72

Permanent water loan
do
do

1857 to’72
'1872 to ’75

....

£100 Ac
.

.

.

.

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

1,000

4 g.
7
6
7
6 A7
7
7
7
7
6 A 7
7
7

164,000

1,000
1,000

167,000

197,000
260,000

1,000

1,000

322,000
361,000

1,000
1,000

3,000.000
6,462,000
8,019,000
1,217,000

1,000

5, 6 A 7

9,777,500

7
6
6

1,439,500

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

7

Albany—The loan to Alb. Si Susquehanna, is secured by first mortgage
Albany County in 1880 was, approximately: Rea
estate, $49,000,000; personal, $4,500,000 • estimated to about one-lurk:
of true value. City tax rate 1879, 2*84, against 3 20 last year. Popu¬
lation, 90,713 in 1880; 69,422 in 1870.
Atlanta.—The total bonded debt Jan. 1, 1S79, was $1,815,500; floating
debt, $382,415. Assessed value of real estate in 1878, $12,230,000;
The valuation of

{•ersonal, $5,766,530. Tax ratein 1870.purposes, $2 30 per $100. Popuation, 37,825 in 1880; 21,789 for all

July .1, 1890
July 1, 1916
After July, 1916
Sept. 1, 1893
Sept. 1, 1893
Sept, 1, 1890
Jan. 1, 1895
Jan. 1, 1890

do

do

Balto., Farm. A Plan. Bank.
J. A J. Balto., N. Mechanics’ Bank.
Q.—J. Balto., Farm. A Plan. Bank.
do
do
Q.—J.
do
do
Q.—J.
do
do
Q.—J.
do
do
Q.—J.
do
do
Q.—J.
J. A J. Balto., N. Mechanics’ Bank.
do
do
Q.-F.

Q.—J-

1, 1886
July 1, 1884

Jan.

April 15, 1900
March 1, 1902
After 1885
At will.

July 1, 1900
Jan. 1, 1902

April 9, 1900

do
A. A O.
do
Oct. 31, 1886
J. A J. Balto., Nat. Merchants’ Bk.
July 1,1894
J. A J. Balto.,'City Reg’ter’s Office. After Jan. 1, 1920
J. A J. Balto., N.Mechanics’ Bank.
an. 1 ’90 A 1900
J. A J. Baltimore, Franklin Bank.
Jan. 1,1895
1881 to ’92
V arious Boston, Merchants’ N. B’k.
do
do
J. A J.
Jan. 1,1S94
do
do •
J. A J.
'July 1, 1905

do
do

J. A J.
A. A 0.
M. A S

Jan. 1, 1894
April 1. 1899

do
do

1887 & 1898

City Treasury.

’83, ’85 & ’98
April 1, 1891
lily 1,1880 to’99

Various Boston, Second Nat. Bank.
A. A 0. City Treasuryand Boston.
do
J. A J.
do
do
Various
do
Various

1891 & 1902
1881 to’87
1881 to ’97
1887-1901

Boston, Treasurer’s Office.
do
do

Various
Various
A. A O.
A. A 0.
Various
Various

A. A O.
J. A J.

4*2g.

302,000

Sept. 1, 1885
1882 to 1904

Q.—M. Balto., Nat. Mechanics’ Bk.
Q.—J.

J., 1902

Jan, 1, 1904
Jan. 1,1897

Balto., Farm. A Plan. Bank.

do
do
do
do

do
do
do
do
do
do
do

Various

-

90,000
552,000

J. &

do
do

6
5
4
5 g.
5 g.

362,000
213,000

....

1895-’97

1881,’86 & ’92
J. A J., 1890

do

5 A 6

268,000

....

Q.-J.

5 g5 g.

1,947,273
3,552,000

1910-’21

May 1, 1904
May 1,1881 to’85
Feb. 1, 1893-1912
Feb. 1.1883-4-5

M. A N. Balto., Nat. Merchants’ Bk.

5*2
6*2
7

588,000

Feb., 1885 to ’94
March, ’80 to 1900

,

do

5

13,000

....

A A. Boston, Merchants’ Bank.
New York.
A S. t
do
A N.
A N. N. Y., Merchants’ Nat. Bk.
do
A N.
do
do
do
A A.
do
do
A A.
A N. N. Y., Del.A Hud. Canal Co.
A J. Atlanta AN. Y., Am.Ex.N.Bk
do
do
A J.
A J.
do
do
do
do
A J.
do
A J.
do
do
do
A S.
Various
Augusta.

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

do
do

4*2

297,000
4,997,604
3,270,454
1,153,000
4,901,000

£100Ac

Due.

whom.

M. A S.
M. A S.

4b?g.

60,000

1,000

cent
cent

5 per cent

193,000

•

1873
1869

Sterling

■4*2

102,500

1,000

1878-’81
1880
1879
1877
Various.
Various.
Various.

registered

do
do
do
do
do

1,000,000
925,000

Various.

Androscoggin Railroad

do
do
do

1,000
1,000

Various.

Railroad loan

do

117,000
136,000
100,000
500,000

Union Railroad

Bangor, Me— City debt proper
Municipal loan
Water loan bonds, coup. (Act Feb. 22, 1875).
European A North American Railroad
Bangor & Piscataquis Railroad
Fund, debt($24,500are 6s, ’87, J.AJ.

Payable J

and by

M. A N.

5 A 6
6
5 A6
4 '
6
6
6
6
6
6
6 A 7
5 A 6
6
6
6
6
5 g.
6
4
4 g.

1,015,300
4,000,000

100

Where pavable

6
6
6
6
6
6
6
6
6
5
5
6
6

500,000

100 Ac,

When

5

1,000,000

Endorsements for Western Maryland RR
do

-

77,000

.07817 81879.
Park improvement loan
Five million loan to Baltimore & Ohio RR.
One million loan to Pittsb. A Conuellsville RR
New City Hall
do
do
do
do
Consolidated loan
Court house loan

6
8
7
8
7
8
10
7
6
5

1,000,000

1,000
500 Ac.

1S74

1878

Consolidated bounty loan

7
448,000
996,000 4, 5, 6, 7
7
115,000
7
49,000
6 A 7
900,000
6
165,000

1,000

1870

1877

6

$150,000

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

250
100
100
100
100
100
100
100
100
100
100
100

Various.
Various.

Augusta, Qa— Bonds for various purposes
Baltimore—Consolidated loan of 1890
Water loan, reg. stock, red. at will after 1916
Funding loan, reg. stock, tax free
*

Rate.

value.

Albany, N. F.—Purchase Congress Hall Block..
City improvement
Washington Park ($40,000 are 5s, due 1920) .

Atlanta, Qa

outstanding.

par

Principal—When

Amount

or

Various

Various

Apr.,’90 & 1900
Oct.. 1839
1887

cio

Various.
1881 to ’82
1881 to’82
1881

do

do
do

do

April, 1893
July, 1899

London, Baring Brothers.
do

1881 to’94
1881 to 1901

Various Boston, Treasurer’s Office.
do
do
Various
do
do
Various
A. A O.
A. A 0.
A.
A.
M.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.

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

do

*

1907-1908
1908

do

Oct., 1902
1905-1908

London, Baring Brothers.
Boston, Treasurer’s Office.
do
do

O.
0.
N.
J
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.
J.

1909

do
do

1909-1910
'

Brooklyn.

1

do
do
do
do
do
do
do
do

1885 to’90
CD

a 0

£

"rto
l'c:

2

j

do

do
do
do
do
do
do

1891
1887

•

0
O «

P.M
o

l

J

1881
1881 to 90
1881 to’90
1881 to ’90
1882 to’86
1881 to ’95
1881 to ’90
1899-1924
1905 to 1920
1915 to’24
1915 to ’24
1881 to 1912

Municipal property, including water works, about $800,000.
tion, 16,851 in 1880; 18,829 In 1870.

,

Popula¬

Bath, Me;—The city holds a first mortgage on the. Androscoggin road
for the debt, and second and third mortgages on the Knox & Liucoln for
its proportion of $895,000 out of a total of $2,395,000 bonds issued by
several cities in aid of the latter road. Tax valuation, 1877, $7,267,690;
tax rate, $24 50 per $1,000.

Boston.—The population of Boston in 1880 was 362,535; in 1870,
issued for railroads, and balance 292,497. against 177,840 in 1860. The total funded debt April 30,
for canal enlargement, water works, Ac. Sinking funds, Jan. 1, 1881, 1881, was $40,949,372,and net debt, $26,005,620. The tax levy in 1881
is divided
follows: State, $619,110; county, $260,000; city, $8,173,$151,750. Taxable valuation in 1880: Real estate, $9,010,960; per¬ 282. The as
rate on $1,000 in 1880 was as follows: State, 86 cents;
sonal, $5,028,107; tax rate, $1 58 per $100. (V. 28, p. 17.)
county, 27 cants; city. $14 07; total, $15 20, against $12 50 in 1879.
Baltimore—The fiscal year of Baltimore ends now with December 31
Assessed valuation on May 1 for five years have been:
The total of all sinking funds, January, 1881, was $7,859,757. The
Personal
Tax
Real
Baltimore & Ohio Railroad pays interest on $5,000,000: Water loan is Years.
Estate.
Net Debt.
Estate.
Rate.
paid by income of water works, and Public Park by City Passenger Rail¬ 1876
$27,052,778
$526,157,900
$12 70
$222,838,310
way, and against a total debt of $36,092,298, the city has $20,661,986 1877
13 10
27,480,524
481,407,200
205,438,386
productive assets (including the sinking funds), leaving $15,430,312, 1878
12 80
26,159,777
190,070,966
440,375,900
against which are held $5,030,280 of unproductive assets; interest is 1879
12 50
26,229,666
428,786,300
184,545,700
raised by taxation on $13,162,653 of debt. Population in 1870, 267,354. 1880
15 20
27,842,104
437,230,600
201,858,600
against 212,418 in 1860. Assessed valuation and tax rate have been:
-(V. 28, p. 145; V. 31, p. 303; V. 32, p. 99; V. 33, p. 93.)

Augusta—Of this debt, $600,000

was

....

.

....

....

....

....

....

....

Years.
1876
1877

Real
Estate.

$162,539,157
178,572,032
179,958,592
183,580,023

Personal

Property.
$70,000,000

$228,816,110

70,308,003
60,463,158
65,613,000

256,105,341
249,266,595
244,043,181
252,900,000

full cash value.

In

77,533,309

1878
1879
1880
187,387,000
Assessed valuation is near the

Total

Valuation.

Rate of Tax

per

$1,000.

19
19
19
15
13

7212
72i2

00
00
70

1S80, after all abate¬

ments, the real taxable basis was $241,980,638.

Bhngor, Me—The loans to Eu. Si No. Am. R. R. to Bangor & Pis. R. R.
secured by first mortgages on those roads, and interest mostly paid
from the earnings. Valuations (near full value) and tax rate have been :

are

Years.




Real Estate.

Personalty.

Tax rate.

t$6,598,927

$3,043,534

6,381,853

2,692,211

21 33
22-50

6,373,068

2,711,460

....

....

....

.

Brooklyn.—The whole city debt was as follows on January 1,1881:
debt, $19,960,000; water loan, $11,379,500; temporary
debt, $8,278,000; tax certificates, $3,520,000; total, $43,137,500; less
sinking fund, $5,535,338 ; net debt, $37,602,111. Tax rate 1880, $26 90.
Population iu 1870, 396,200, against 554,465 in 1880. Valuation of
property and tax rate per $1,000 for five years have been:
Permanent

Years.
1876

1878

Real.

Personal.

$213,134,543
216,481,801
218,373,093
220,363,499

$13,878,580
13,111,215
14,968,911
12,562,500

'

Rate.

$32 54
31 72
27 00

25 50

223,620,197
11,215,794
26 90
The debt of Kings County, separate from the debt of Brooklyn, is
about $4,000,000, of which the city is responsible for nineteentwentieths. (V. 28, p. 41.)
1880

October,

CITY

1881.]

SECURITIES.

IX

Subscribers will confer a great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.

Date of
Bonds.

-

For explanations see notes on

Size

par

first page of tables

Value.

s

JBrooklyn—( Continued )—

Kent Avenue Basin loan
Sewerage fund bonds, continuous, local...
do
do
S’th B’k

1868
1878-9-8C

.

1877-8-9
1870

.

Boulevard bonds
Temporary tax certificates

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

1876

l

Assessment fund bonds, continuous, local

$1,000

1873

1878-9-8C

.

Buffalo, A. F—Funded debt bonds.

1853 to’75
1873 to ’75
1871 to ’73
1868 to/76
1876
1876

.

Buffalo A Jamestown Railroad...

Water works bonds

1,000
1,000

1,000
1,000

outstanding

$232,000
1,725,000
100,000
3,530,000
418,000
842,000
3,520,000

1876-77-78

bonds, reg

Water

....

1879-80

1000 Ac
1880
1,000
1858 to ’63 500 Ac.
1864
1,000
1863
1,000
1856 to ’76 500 Ac.
1373-’74
500 Ac.
1874-5
500 Ac.

Cambridge, Mass.—City bonds
City bonds
‘do
do
do
do

Water loan

....

1878

Bonds, coup, or reg.
Bonds, water, Ac., coup, or reg

1866

;

do
do
do
do

.

....

1,000

1,000

1866 to ’77

500 Ac.

1865
1867 to ’75
1869-71

1,000
1,000

1,000

Charleston, S. C.— City stock
1853 to’54
City bonds, coupon
Fire loan bonds, coupon
1866
Conversion bonds, to redeem past-due debt...
....

....

....

....

....

do

....

1879

coup, or reg

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

100 Ac.

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

....

....

do

....

Water loan, coup

....

Chicago—W ater loan

....

Water loan

....

Sewerage bonds

500 Ac.

....

do

1880

River improvement bonds

....

1,000
1,000

....

Municipal bonds

Municipal and School bonds

500 Ac.

....

Refunding loan

1881

Cook County debt
1865 to ’80 500 Ac.
Cincinnati- Loans to Railroads.F,A, G,H,IA M 1843 to ’54
1,000
Bonds to O.A M. RR. to purchase wlif. prop.N
1855
1,000
Bonds for erection of a Workhouse
1868
1,000
Bonds for Water Works
C2AC3
1868
1,000
Bonds for Common School purposes
P 1860 to ’61
1,000
Bonds to O. & M. RR. to purchase whf. prop.. N
1855
1,000
Bonds for ext. and impr. Water W..C, D. AE 1847 to ’50 500 Ac.
Bonds for funding floating debt
A2 1847 to ’48 500 Ac.

Bonds for

Hospital

SAS2

1867-’68

Bonds for funding floating debt
L
Extension and improve. Water Works.. .K &F
Bonds to purchase Orp’n Asyl. grds. for park.O
Bonds for sewerage
R
Bonds for improving Gilbert avenue
U
Bonds to build Eggleston avenue sewer... .B3
Bonds for improvement
W
Bonds for Water Work purposes
C4AC5
General improvement
W2

1853
1853
1858
1869
1869
1869
1871
1871-’72
1871
1872
1872
1876
1879
1874
1875
1875

new

Cincinnati Southern RR
do
do
do

do

do

do

($3,200,000

Floating debt bonds,
Park improvement

are

gold 6s)

coupon

Water-works bonds
Bonds for McLean Ave.

D1
U2

sewer

f.

1,000

500 Ac.

1,000

500 Ac.

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

1876
1876-’77

Street improvement bonds, short.
s.

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

....

Hospital bonds
Ct'msol.

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

bonds, 30-50 yrs. (Act Apl. 9, ’80.

....

1880

Cleveland—Water works ($200,000

1,000

1881

Deficiency loan (redeemable after 1891)

100 Ac.

are 6 p. ct.). 1856 to’76
Funded debt ($203,000 6s, $32,000 5s)
1869 to’80
Lake View Park
-.
1872 to’74
Canal and canal lock ($11,000 tire 6s)
1874 to ’79
School ($294,000 are 6 p. ct.)
1868 to ’71
House of Correction
-.
1868

....

.......

Buffalo— In 1875

real

and

personal

property was

.

.

_

.

1

....

assessed

$39,908,105; in 1876 rule of valuation changed and assessment
$111,995,905. Since that date valuations have been:

Rate.

When

Payabh*

Real estate.

Personalty,

*1*1?

\S&

$12 43

Cambridge, Mass.—The sinking funds amounted to $605,281, Novem¬
ber, 1879. The investments are nearly all in city bonds at par and
stamped “ not negotiable. Only $52,000 debt matures before 1881.
Tax valuation, 1875, $66,623,014; 1877 $55,000,000; 1879, $49,238,098. Total debt, November, 1879, $3,254,000. Population,
52,860 in
.

1880; 39(634 in 1870.

Charleston, S. C.—The bonds of Charleston
Carolina.

exchange for city stock.

Conversion

1878

1879
1830.

-Population,

mostly held -within the

of

1879

are

issued

in

Assessed valuations and tax rate have been:
Real

Years.
1877

are

bonds

Personal

Estate.
Property.
$18,669,623
$7,922,155
18,313,450
8,108,706
17,137,255
6,272,458
15,017,595
6,555,864
49,027 in 1830; 48,956 in 1870.

Rate of Tax
per $1,000.

$22 50
22 50
20 00
25 00

Chelsea, Mass.—Sinking fund, January 1, 1880, $123,304, and gross
flebt, $1.661,S00.
Tax valuation. 1879, $15,377,402; tax rate, $19 80.
Population, 21,780 in 1880; 18,647 in 1870.

Chicago.—The

net funded debt January 1, 1881, was $12,752,000.
Aae citv debt is limited to 5
per cent of the Illinois State valuation.
Tlle funded debt, $4,248,000 is on account of the Water
Works, which
yields an income much above the interest charge on the debt.




8

'

Equalized Value.

Years.

Real Estate.

$131,222,460
116,082,533
104,420,053
91,152,229
89,031,955

per $1,000.

$8,844,705

80,929,165
7,947,380
17 60
Buffalo also pays 7-10 (being $712,390) of Erie county debt. Coupon
bonds are exchangeable for registered. Population, 154,766 in 1880;
117,714 in 1870.

State of South

Due.

Whom.

7

at

was

$91,130,870

,

Principal—When

Payable and by

4,5,7

T<1’Y RfttC

Years.

Where

J. A J
1882
Brooklyn.
J. A J
3 years from date.
do
7
J. A J
do
1882
do
4, 5, 6, 7 J. A J
g’S • 3 years from date.
7
J. A J
do
1882
cv^pq
7
J. A J
do
1883
n
6 A 7
1881-2-3
7
Various
Buffalo and New"YorfiT
2,099^250
1881 to 1895
7
Various
1,000,000
Buffalo.
1893 to 1895
7
Various
Buffalo and New York.
700,000
1881 to 1893
7
Various
do
2,729,382
do
1880 to 1926
6
J. A J
N. Y., Gallatin N. Bk.
100,000
July 1, 1896
6
M. A S.
100,000
Buffalo A New York.
Prior to 1936
J. A J.
do
704,632 5, 6 A 7
do
July, 1881-’83
5
M. A S.
do
50,000
do
Sept. 1, 1898
4 A 5
Various
275,000
do
do
1899 A 1900
4
M. A S.
do
150,000
do
Sept. 1, 1904
5
Various Boston, Bank Redemption.
99,000
1880 to 1882
5
A. A O.
do
100,000
do
April 1,1889
5 g. J. A J.
150,000
Jan. 1, 1893
Boston, Tremont Bank.
6
J. A J. Boston, Bank Redemption. Jan. 1,1881 to ’90
1,597,000
6
J. A J
do
689,000
do
Jan.1, 1903-4-5
6
A. A O.
do
514,000
do
Apr.A Oct. l,'84-5
6
J. A J.
do
100,000
do
July 2, 1886
6
J. A J
do
774,000
do
July 1,1881 to ’97
6
F. A A.
55,000
do
do
Aug. 1, 1883
6
A. A 0.
485,000
do
do
Apl. 1, 1887-1895
6
M. A N.
do
162,000
do
May, 1889-1891
6
184,350
Charleston.
1868 to ’98
Q.-J.
6
Various
do
51,500
1883 A ’84
7
J. A J.
do
228,200
1890
7
A. A 0.
500,000
do
1888 to 1897
4
J. A J.
do
3,482,200
Jan. 1, 1909
A. A O. Boston, N. Bk. Redemption
149,000
5^3
1879 to 1883
6
Various
do
1,170,000
do
1879 to 1895
7
F. A A.
do
100,000
do
Feb. 17, 1883
6
F. A A
do
200,000
do
Aug. 1,1887-’95
6
J. A J. N. Y., Am. Ex. Nat. Bank.
331,500
1881 to ’98
7
J. A J.
do
3,625,000
do
July 1, ’82 to ’95
7
J. A J.
do
do
2,133,000
1881 to ’95
J. A J.
do
490,000
do
July 1, 1900
7
J. A J.
do
do
2,608,000
1890 to ’95
6
J. A J.
do
186,000
do
July, 1895 A ’96
7
J. A J.
do
do
2,536,500
1885 to ’99
4
do
843,500
do
1901
4,941,500 4*q to 7 M. A N. N. Y., Metropolitan Bank. May 1, 1885-’92
6
Various N. Y., Am. Exchange Bank.
750,000
1882 A ’84
M. A N.
6
do
210,000
do
Nov., 1885
7 3-10 J. A D.
250,000
do
do
June, 1888
7 3-10 Various
do
300,000
do
1888 A 1889
6
J. A J.
do
99,000
do
Jan., 1890
6
M. A N.
do
195,000
do
Nov., 1890
A. A O.
6
do
do
397,500
April 1, 1895
M. A N.
6
do
146,500
do
March, 1897
7 3-10 Various
do
750,000
do
1897
J. A J.
6
do
60,000
do
Jan., 1900
6
Various
do
do
175,000
June A Oct., 1900
6
M. A S.
100,000
Cincinnati.
March, 1908
7 3-10 M. A S. N. Y., Am. Exch. Nat. Bk.
150,000
Sept., 1899
7 3-10 M. A S.
do
do
150,000
Sept., 1899
7 3-10 A. A O.
do
do
100,000
Oct., 1899
7 3-10 M. A S.
do
do
March 1,1886
136,000
F. A A.
7
do
do
450,000
Aug., 1886-’97
;7
J. [A D.
do
do
600,000
Dec. 1, 1891
7
J. A J.
do
do
576,000
July 1, 1902
7 3-10 J. A J.
do
do
8,362,000
July 1, 1902
New York or London.
4,981,000 6g. or 7*3 M. A N.
May 1, 1906
M. A N. N. Y., Am. Exch. Nat. B’k. Nov. 1, 1908-’09
6 A 7
1,844,000
M. A N.
7
do
do
1,000,000
May 15, 1904
7
J. A J.
do
do
50,000
Jan. 1, 1896
7
F. A A.
do
do
300,000
Aug.,’85, ’90 A’95
M. A N.
5 A 6
do
175,000
do
May 1889-1909
M. A N.
7
do
do
50,000
May 1, 1906
395,291
1880 to’83
5
M. A N. N. Y., Am. Exch. Nat. Bk. After May 1, 1910
1,337,000
4
J. A D.
do
do
June 1,1901
500,000
6 A 7
Various N. Y., Am. Exch. Nat. Bk.
1881 to ’95
1,200,000
do
do
1883 to ’94
1,758,000 5, 6 A 7 Various
7
do
Various
315,000
do
1881 to’92
6 A 7
do
Various
275,000
do
1894 to ’96-’98
6 A 7
do
Various
do
1881 to ’88
350,000
7
A. A O.
do
do
1883 A ’84
184,000

6781781
Water bonds, coupon
Park bonds (Act May 17,1875)
Tax loan bonds

INTEREST.

Amount

or

1880.r.

Tax

Personal.

$36,815,718
32,317,615
27,561,383
26,817,806
28,101,678

Rate.

$24 08
27 40
-

28 60
28 60
......

The assessed value of real estate is about one-lialf of its true value,

Population in 1870

was

306,605, and in 1880, 503,298.

The South Park,
the city,

West Chicago Bark and Lincoln Park loans are not debts of
but of distinct corporations.
(V. 28, p. 223 ; V. 31, p. 652.)

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

$56,000 (YY2, A O.) 6s, 1886-88; $17,000 6s (Q.), November, 1890;
$27,000 6s (A.), March, 1897; $50,000 (H2.), August, 1897. City holds
$950,000 of Cincinnati Southern bonds in sinking funds. In 1870 the
population was 216,239, against 255,804 in 1880. The following table

from the books of the Auditor of Hamilton
assessed valuation of the city of Cincinnati
1870 to 1879:
Personal
Real
Years.
Estate.
Estate.

1860
1870
1871
1872
1873
1874
1875
1876
1877
1878....

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

Tax per
$1,000.

$17 45

$61,620,904

$31,411,912

$93,032,716

78,736,482
123,427,888
119,621,856
121,479,280
123,231,790

57,370,754
56,934,044
55,462,410
64,166,460
58,708,284
58,521,730
56,809,066
43,830,188

136,107,236
180,361,932
175,084,296
185,645,740
181,950,074
184,498,565
183,952,966

125,976*635
127,143,900
129,043,880

179,430,142

172.874,068

31
22
20
23
23
28
27
29
28
26

60
20

10
06

38
82
04
10
54
37

169,305,635
38,033,016
131,272,619
city is the sole owner of the stock of the Cincinnati Southern Rail
road, valued at $18,000,000, and with the waterworks and other prop¬
erty owns real estate assets put at $35,775,000. (V. 29, p. 17; V. 30, p.
1879

The

465, 566; V. 32, p. 526.)

CITY
Subscribers will confer

a

SECURITIES

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

DESCRIPTION.

Size

Cleveland—(Continued)—
Main sewers, special assessment
Street improvem’ts do
Street damages, Ac., do
Infirmary and River dredging
Viaduct (mostly F. A A., A. & O. and J. A D.)
Des Moines, Iowa—Bridge bonds
Renewed judgment and loan fund
Funding bond fund
Detroit,Mten.—For Water W.Co., on city’s credit
Public Building stock (City Hall) bonds
Public sewer bonds ($10,000 are 6s)
Bonds for purchase Belle Isle
Elizabeth, X. J".—Improvement bonds

or

par
value.

For explanations see notes on first page of tables.

Various.

$....

INTEREST.

Amount

outstanding.

Rate.

1873 to ’78

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

1870
1875

1878
1855 to’76
1859 to’71
1872 to ’76
1879
1870 to’75
1872 to’73
1865 to’66

Consolidated improvement bonds
Funded assessment bonds...

1875-’76

'

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

174,000
229,000

175,000
1,400,000
600,000

Tax arrearage bonds

Evansville, Indiana—E. H. A N. RR. bonds
City wharf bonds
-

.Redemption bonds
do
do
do
do

do
do
do
do

Fall River, Mass.—City notes

1868
1869
1870
1870
1870
1876
1876
1877
1878
1881
....

City bonds

.

do
do

.

.

1,000
1,000
1,000

*

.

736,000

90,000
66,000
2,471,000
698,000
241,000
250,000
100,000
96,000
200,000

1,000
1,000

300,000
300,000

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

105,000

100,000
100,000
100,000
280,000

1,000

Large.

1000Ac.

.

....

Water loan
do
do

250,000
600,000
400,000
200,000
372,000
850,000

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

1,000

Fitchburg, Mass.—City notes
City bonds

1872
1873
Water loan
1871
do •
1875
Galveston, Texas- Bonds for various purposes... 1869 to ’75
Limited debt bonds (sinking fund 2 per cent). 1877-8-9
Bonds to purchase blk. 321
1873
Galveston County bonds, G. C. & S. F. RR
1876

Dartfoi'd, Con n—Water bonds

1,000

City bonds (II. P. & F. RR )

1,000

$500 each)

....

Capitol bonds

..

Hartford town debts to railroads
do
do
war
do
funded debt

1878-’79
_

.

Holyoke, Mass.—City notes
City bonds, sinking fund
do
do

1,000
1,000
1,000

.

.

.

.

1871-’74
1874

_

m

.

1,000
1,000
1,000

1872
1873
1869 to ’70
500
Indianapolis— Bonds to railroads
Pends to Un. RR. Tr. Stock Yard (mortgage).
1877
1,000
Loan bonds, series A
1873
1,000
do
do
B
1874
1,000
do
do
C
1874
1,000
do
do
D
1875
1,000
1874
500
Purchase-money bonds—Southern Park
Jersey City— Water loan bonds, mostly coupon. 1852 to ’67
1,000
Water loan bonds, mostly coupon
1869 to’73
1,000
do
do
do
1877
1,000
1873
Forty-year bonds
1,000
1871
Improvement bonds
50b Ac.
do
do
1872 to’76
1,000
Morgan street dock
1870
1,000
Funded debt bonds
1872
1,000
Old Jersey City bonds, coupon
Various.
1,000
Hudson City bonds
Various. Various
1869
Bergen school loan bonds
1,000Ac
1869
Bergen street improvement bonds
1,000Ac
do
boun ty loan
Various. Various
Greenville street improvement bonds, Ao
Various.
500 Ac.

($60,000

are

J. & J.).

«

416,000
622,000
1,869,000
2,161,500
125,000

Cleveland— The sewer, street improvements and street openingbonds
for special local improvements, and redeemed by assessments on the

funds have been:

Assessed valuation, tax rate, debt and sinking

Real

Tax per

Personalty.
$71,296,122

$1,000.
181520
171720

,—Total Bonded Debt—,
Sinking
General.
Special.
Funds. Ac.
$6,061,000
$2,993,164
$2,109,357
70,139,639
6,678,000
2,606,100
1,816,690
70,548,104
15l20
6,201,000
2,390,100
2,267,934
—Population, 155,946 in 1880; 92,829 in 1870.
Des Moines, Iowa.—Assessed value of property, $5,104,240, which is
about 50 per cent of true value. Tax rate, $5 per $100.
Detroit, Mich.—The population in 1870 was 79,601; in 1880,116,027The value of water works is $2,559,259, against a debt of $1,400,000The water works bonds are issued on a pledge of the city credit, and
$75,000 per year collected in taxes to pay int. on them. Assessed valua¬
tion, in 1879-80—real property, $63,981,315; personal, $19,216,725;
total, $83,198,040, against $87,865,685 in ’78 and $93,709,375 in ’77,
wliichis made on the basis of true value. Tax rate, $1*03 per $100.
Elizabeth, X. J.—Default was made in interest Feb. 1, 1879. Suits on
bonds are pending. Total bonded and floating debt in 1881 estimated at
$5,400,000, and accrued interest to July 1, 1881, at $972,000. Esti¬
mated true value of real and personal property is much over the assessed
valuation of about $12,000,000 (see V. 32, p. 612). Population in 1880,
28,243; in 1870,20,832. Assessed valuation, tax rate per $1,000 and
Years.

debt have been:
Years.
1876

Realty & Personalty. Tax Rate.
Debt.
$16,250,805
2‘68
$4,900,000
15,289,888
2-50
5,130,000
14,614,918
356
5,380,000
212
11,530,031
5,400,000
—V. 30, p. 589; V. 31, p. 122; V. 32, p. 231, 253, 312, 368, 420, 612.)
Evansville, Ind.—No floating debt. Assessed valuation (true value)*
tax rate per $1,000 and debt have been:
Years.
Real Estate.
Debt.
Personalty.
Tax.
1878
$14,566,955
$5,086,315
$1140
$1,551,000
1$79
12,381,475
15 00
4,926,350
1,551,000
12.919.360
5,232,645
15 00
1,651,000




130,000
205,000
271,000
250,000
226,500
155,000
500,000
300,000
300,000
300,000
200,000
109,500

1,163,000
3,109,800

are

property benefitted.

5, 6,7
5 g.
6
6
6
6
7
6
6
6
10
8
8
10
6
6
6
6
5
6
6
6
6

130,000

130,000

_

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

300,000
1,000,000
1,250.000

m

500.000

844,400
162,550
150,000
400,000
73,000

....

Various
Various
Various
Various
A. A O.

due.

do
do
do

do
do

do
do

V., Metropolitan N. Bk.
do
do
do

do
do
do

City Treasury.
do
do
do
do

1881 to’92
1881 t|J84
1881 to’86

1881-’82-’83 to’87
1893 & 1907
June, 1880

July, 1885
July, 1888
1879 to 1906
1879 to’91
1892 to’94
1899
1879 to ’81
1880 to’95
1881 to ’93
1879 to’86
1885 to ’96

....

202,000
200,000
500,000

1,000

do
do
do
do

J. A D.
J. A J.
J. A J.
Various N.
Various
F. A A.

.

300,000
100,000
418,200
408,600
35,000
414,000
50,000
125,000
475,000

1,000

1,000

Park bonds (1 of these bonds are for
Funded debt

Water loan
Railroad loan

1,000

100 Ac.

....

do
New York, Kouutze Bros.

50,000
400,000

.

1,000
1,000

Water bonds
do
do
do

Various

10
7
7
7
7
6 A 7
4
7
7
7
7
7

Principal—When

whom.

payable

6

2,138,000

100,000
254,500

payable and by

N.Y., Amer. Exch. Nat. Bit.

5, 6 A 7
5, 6 A 7

340,000

1871 to’74

Where

Various
Various
Various
Various

5, 6 A 7

710,000
103,000

1876-77-78

When

5, 6 A 7

$416,500
462,500

10188779.7. 8 187.
Funded debt bonds
School House bonds
Market House bonds

E. C. AP. RR. bonds
do
do
Water works bonds

[VOL XXXIII.

4Uj
6
6
6 A 7
6
6
7
6
6
73
7*3
7-3
7*3
7-3
6
7
6
7
7
7
7
7
6 A 7
7
7
7
7

85,000

7

....

N. N. Y., Farmers’ L. A Tr. Co.
N.
do
do
D.
do
do
do
D.
do
J.
do
do
O.
do
do
N.
do
do
D.
do
do
do
do
F. A A.
do
do
Various
City Treasury.
do
Various
F. A A.
Boston, Revere Bank.
M. A N. Boston, Bank Redemption.
M. A N.
do
do
M. A N.
do
do
F. A A.
do ‘
do
M. A N.
City Treasury.
J. A J. Boston, Merchants’ Bank
J. A J.
do
do
J. A J.
do
do
Various
Galveston.
M. A S.
do
M. A S.
do
N. Y., Bk. of New York.
J. A J.
J. A D. Merchants’ Bank, Boston.
do
do
J. A J.
Phoenix Bank, Hartford.
J. A J.
F. A A.
City Treasury.
do
J. A J.
Suffolk Bank, Boston.
J. A J.
F. A A. Merchants’ Bank, Boston
J. A J.
City Treasury.
do
J. A J.
Town Treasurer.
J. A J.
do
T. A J.
do
J. A J.
Various
City Treasury.
A. A O.
do
do
J. A J.
do
A. A O.
Jan.
City Treasury.
N. Y., Winslow, L. A Co.
J. A J.
do
do
J. A J.
do
do
J. A J.
do
'
do
J. A J.
do
do
J. A J.
do
do
J. A J.
J. A J. N. Y., Merch. Ex. N. Bank.
do
Various
do
J. A J.
do
do
do
do
J. A J.
M. A N.
do
do
do
do
Various
do
do
J. A J.
M. A N.
do
do
Various
do
do
do
Various
do
do
do
J. A J.
do
do
J. A J.
do
Various
do
do
do
J. A J.
M.
M.
J.
J.
J.
A.
M.
J.

A
&
A
A
A
A
A
A

....

.

-

May 1, 1898
May 1, 1899
Dec. 1, 1890
Dec. 1, 1895
July 1, 1895
April 1, 1906
May 15,1906
June 1, 1907

April 15,1908
Feb. 1, 1911
1881 to 1888
1880 to 1891

Aug. 1, 1894
May 1, 1895
Nov. 1,1879-1880
Nov. 1, 1892-1906

Aug. 1, 1890-1905
Nov. 20, 1882

July 1, 1893
July 1, 1891
July 1, 1895-1906
1880 to’91
1907-1909

1893-1902
1906
June 1, 1880

July 1, 1881
July 1, 1890-’95
Aug. 1, 1900
June 1, 1904
June 1, 1891
Aug. 1,1882 &’84
Jan. 1, 1893
Jan. 1, 1897

$10,000 yearly.
1879 to 1886
Oct. 1,1889
Jan. 1,1900

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

July 1, 1893
July 1, 1893

July 1, 1894
July 1, 1895
Jan. 1, 1899
Jan., 1882 to’95

1899 to 1913

July 1, 1907
July 1,1913
May, 1891
1892 to 1906
June 8, 1900
May 1,1897
1 CQ1 _»Gft

’84-’85-’89A1900

Jan., ’98 to 1900

July, 1889

1884 & 1889

1881-1886

Fall
Total

River, Mass.—The sinking funds amounted to $281,000, Jan.1,1880
debt, including water debt, $3,186,000. Population, 48,626 in
1880; 26,766 in 1870.
Fitchburg, Mass.—Sinking fund, $101,000. Total net debt, January,
1880, $737,283. Population, 12,270 in 1880; 11,260 in 1870, Valua¬
tion. tax rate per $1,000, Ac.; Years.
Real Estate. Pers’l Prop’ty. Tax.
Debt.
Sink’g Fd.,Ac.
1877.,
$8,034,325 $2,633,994
15 80 $896,395
$118,382
1878
7,197,125
138,441
2,373,872
16 20
900,000
1879
6,820,575
2,208,818
17 80
895,803
153,708
....

—The assessed valuation of real estate is about the cash value.

Galveston,

Texas—The

total city debt is $865,500, all of which is

10 per cent currency, except $35,000 park 8s, due 1892-1902, and
the limited debt bond's. Assessed value of real and personal property,

1878, $17,000,000.

Tax rate, $1 25 on $100. (V. 25, p. 283.)
Hartford, Cotin.—Total debt, April, 1880, $3,032,000; net, after
deducting resources, $2,199,768. Assessed valuation in 1878, $44,001,245. Population, 42,569 in 1880; 37,180 in 1870.
(V. 28, p. 599.)
Holyoke, Mass— Bonds all coupon, but,.can be registered. Sinking
ftmds, $45,500. Total net debt, January. 1880, $952,500. Tax valua¬
tion, 1877, $9,399,820. Population, 21,961 in 1880; 10,733 in 1870.

Indianapolis.—'The School Board is

a

distinct organization and levies
a few other

its own tax, which is included in tax rates. There are
small issues about $50,000. Valuation and tax per $1,000

have been:

Real Estate.
Personalty.
Tax.
Total.
1877
$43,541,600
$11,825,645
$U#20
$55,367,245
39,156,400
10,873,575
50,029,975
lO’gO
38,286,235
9,813,705
48,099,940
9’30
39,100,250
10,930,021
50,030,271
10‘70
—Population, 75,077 in 1880; 48,244 in 1870.
Jersey City.—One of the main causes of the temporary embarrassment

Years,

of

Jersey City is found in the failure to collect back

assessments, ine

Comptroller, in Feb., 1881, made the following statement h1
Total taxes overdue Feb. 1, 1881, less deductions
Total assessments due and unpaid
,
2,99b,nv
Of these, $5,248,151 was estimated to be collectible.
The total debt of the city February, 1881, was $16,007,315;

$2,414,J»j>

Simons

October,

CITY

188t.J

Date of
Bonds.

DESCRIPTION.

Jersey

$....

1875-’76
1876
1878

400,000
140,000

1,000
....

1,353,000
450,000
385,000
852,000
117,782

-

Funded debt

1859 to’64 50O0&O.
1862 to ’75 5000Ac.
1874
1,000
500 &c.
1873-’75

debt

do

Water loan

-

Lewiston, Me.—City bonds ($25,000 each year).
City bonds ($50,000 each year)
do
($110,000 due 1885, $210,000 1891)
Lewiston A Auburn Railroad
Water bonds.

Louisville, Ky.—For Jeffersonville RR. stock...
Subscription to stock of L. & N. RR
Waterworks...

•

•

•

• • •

•

• • •

• •

1*000

1852
1853

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

1857 to’67
1873
1866 to ’67
1873
1871 to ’73
1853 to’69

74,000
133,000
262,000
1,300,000
25,000
100,000
320,000
224,000
500,000
136,000
372,000

1,302,000

1,000
1,000
1,000
Elizabeth & P. Railroad
1,000
’54,’62,3, 8
Wharf property
1868
1,000
Jail bords
1869
1,000
For old liabilities
1871 to ’74
do
do
1,000
1871
1,000
Louisville, New Albany & St. L. Air Line RR.
1871 to ’73
1,000
Road bed, Louisv., Cin. & Lex. RR
1,000
City bonds payable by Louisv. & Nash. RR... 1851 to’63
1880
Old liabilities (half are 10-40 and half 20-40).
1,000
1852 to’75 Large.
Lowell, Mass.—City notes
1871 to ’76 Large.
Water notes
1870
1,000
Water bonds
Large.
Lynn, Mass— City notes
1870-’3-’5 Large.
Water notes

56,000
190,900
600,000
650,000
178,000
81,000
423,000
1,981,000
267,000
134,000
77,000
513,000
485,000
350,000
1,408,000
1,000,000
481,000
500,000
1,300,000
175,000
121.500

1.000

450,000

500 Ac.

387.500
44,200
117.500
80,000
70,000

do

improvement of streets
Re-constructing street
For

Public buildings and institutions
Publio school and school houses

1,000

1868
1871
1868 & ’73

Sewer bonds
do

....

1871-’4-’6
1862 to ’76
1857 to ’67

Water bonds

Ihnded debt

City Hall and School House
Manchester, N. H.—City bonds
City bonds ($70,000 1884, $10,000 1885)

1,000

do

Water bonds

1874
1872

($100,000 each year)

do
do
do
Sewer bonds ($8,000 1880, ’81,
Simcook Valley Railroad

’83, ’85)

.

.

.

Funding loan, gold
Mississippi River Railroad bonds
Endorsement Memphis A Little Rock RR
Compromise bonds, coupon
Milwaukee, Wis.— Re-adjustment bonds
General city bonds

1857
1877
1861
1871
1876
1872
1872

do

do
Water bonds, coupon
do
registered

Minneapolis, Minn.—City bonds
City bonds

.

do
Western division
do
do
do
do
Mobile— Funding bonds

.

.

.

.

....

....

-

Nashville, Tenn.—Various city bonds
Newark—Bonds, city purposes (s. fund of 1859)
War bonds, floating debt, Ac. (s. fund of 1864)
Public school bonds
Clinton Hill bonds, coup. & reg. (s. fd. 3 p. c.).
coup, or reg. (act

Apr. 21,’76)
improvement bonds (local liens).

funds, $1,164,682.

1,000
-

1867, ’8, ’9 500 Ac.1
1870
1,000

Post bonds

Sewer and
Aqueduct Board bonds
Tax arrearage bonds

200,000

400,000
32,000
29,500

100 Ac.
1867 to’68

Memphis, Tenn.—School and paving bonds

Corporate bonds,

100 Ac.
100 Ac.

.

.

1881
1870 to’80
o

....

1875
1878-’80
1871-’79
....

341,000
60,000
300,000

1,000

900,000
304,000
242,000
100,000
429,000
1,171,000

500 Ac.

1,000
1,000
1,000
10,000
1,000
1,000

250,000

70,000
50,000
60,000
124.500

500
500
500

1,000
500
500
500
100 Ac.

1,000

1,000
1,000
1,000

1876-’77

110,000
115,000
125,000
(?)
1,425,200
44,000
1,840,000
500,000
400,000
1,200,000
2,500,000
3,030,000

1,331,000

Population in 1880, 116,673, against 85,000 in

1870. Assessed valuations and tax rate per $1,000 have been:
Years.
Real Estate.
Personal Prop.
Tax Rate.

$54,601,206
54,505,470
54,993,918
54,122,875

1880

$5,940,296

$25 40

5,790,119
5,340,860
5,343,815

23 60
28 00
28 00

'

—(V. 28, p. 173, 199, 352, 454; V. 29, p. 120, 357; V. 32, p. 183, 566; V.
33, p. 153.)
Lawrence, Mass.—Total debt, $1,790,700, of which $20,000 are 7 per
oents. Sinking fund, $40,000. Tax valuation, 1879, $23,088,897; tax
rate, $16 40. Population, 39,068 in 1880; 28,921 in 1870.
Lewiston, Me.—Total debt, $1,096,100; sinking fund, $90,410. The
railroad bonds were issued to build the Lewiston & Auburn Railroad,
which is owned by the cities of those names. Assessed valuation, 1877,

$11,740,602;

7
6
6
6
7
8
10

tax rate, 20 mills on the $1. Population, 19,076 in 1880;
13,600 in 1870.
Loutsville.—The funded debt, Jan. 1,1881, exclusive of loans payable
by railroads, was $8,812,000, against $8,072,000 Jan. 1, 1880. The sink¬
ing funds on Jan, 1, 1881, amounted to $4,783,922. Population by cen¬
sus of 1870 was
100,750, against 126,556 in 1880.
The following
figures give the assessed property valuation: 1875, $75,536,812; 1876,

When

Various N.
J. & D.

Y., Merch. Ex. Nat. B’k
do

do

1905-1906
June 1,1886

Demand,
do
do
New York, Kountze Bros,
do
do
dO
do

Various
Various
J. & J.
A. & O
J. & J
J. & D.
J. & J.
J. & J
A. A O.
A. & O.
A. & O.
Various
M. & S.
Various
J. A J.
Various
Various
J. & J.
J. & D.
Various
Various
A. & O.
J. & D.
Various
M. & S.
J. & J.
Various
M. & N.
Various
Various
6,6*2
M. A N.
6
Various
6,7
Various
6,7
J. & J.
6
5, 5*2, 6 Various
Various
5, 6
J. & J.
6
A. A O.
6
M. & N.
6
J. & J.
6
J. A J.
6
J. A J.
5
F. & A.
6

5*3

J.

Boston, Tremont Bank,
do
do

do
\

do
do
do

July 1,1885A190L

N. Y., Bank of America,
do
do
do
do
do
do
Louisville.
N. Y., Bank of America,
do
do
New York, U. S. Nat. Bank.

April, 1882
April, 1883
1887, ’89, 97
March 1,1883
1886,’ 96, ’97
July 1, 1903
1891, ’92 & 1903

July 1, ’93-1913
Oct.l,’97-1907-’l7

.July, 1898
June, 1901

do
do
Louisville and New York,
do
do
do
do
do
do
N. Y., Bank of America.
do
do
New York and Louisville.
N. Y., Bank of America.

1888 & 1903
1883 to 1898
Oct. 1, 1898
1889
1894 & 1901

*

City Treasury,
do

Boston, N. Bk. of Redemp.

City Treasury,
do

Sept., 1891
July, 1901 A 1903>
1886 to ’93
Mav
1879
1886
Nov.
1887
1885

1, 1920
to 1894
to 1894

1,1890
to 1890
to 1890

Boston, Bank Republic.
July 1, ’91-’94-’961879 to 1896
Treas’y & Bost. Bk. Repub.
1882 to 1896
Jan. 1,1880-1894

do

do

City Treasury,
do

Suffolk Bank, Boston,
do

do

City Treasury,
do
do

Memphis.

& J.

A*J.

1883 to ’89

Louisville, City Treasurer
N. Y., Bank of America.

April 1, 1884-’85
May 1, 1893
July 1, 1890 A’95

18»7-’92-’97-1902

July 1,1880 to ’85Aug. 1,1879 to ’87
1873 to 1902
1873 to 1900

Nov., li

M. & N.

J.

Feb. 1, 1909
1910
1890 & ’97-1901
1880 to ’97
1880-’81
1879-1884
1880 to 1892

July 1,1894
Oct, 1,’90, to 1906
do
July 1,1882
City Treasury and Boston.
June 1,1883 A’88do
do

Charleston, S. C.

July, 1872

i907
& J.
City Treasury.
June 1, 1891
A II. Mil.&N.Y., Morton B. A Co.
Jan. 1, 1901
do
do
J. & J.
June 1,1896
do
J. & D.
do
Jan. 1, 1902
do
do
J. & J.
Jan. 1,1902
do
do
J. & J.
Dec. 2, 1892
J. & D. New York, Nat. Park Bank,
Feb. 2, 1894
do
do
F. A A.
M. & N.
do
do
May 1, 1905
1881 to 1885
do
do
Various
1886 to 1900
do
do
J. & J.
do
J. & J.
do
July,’91-’96-1902:
Feb. 1, 1891 & ’9
do
do
F. & A.
Nov. 1, 1901
do
do
M. & N.
Jan. 1, 1906
J. A J. N. Y., Merchants’ Nat. Bk.
1879 to ’99
Various New York and Nashville.
1883 to ’93
Various
Newark, City Treasury,
1883 to ’91
do
-v
do
Various
do
do
A. & O.
April, 1888, to’91
July 1, 1895
J. & J. Newark, Mech. Nat. Bank.
1908 & 1910
Various
M. & 8. Newark, Mech. Nat. Bank, 1886, ’93 & 19091879 & 1892
do
do
Various
1886-’87
Jo
do
F. & A.
J.

Years. Real Estate. Personal Prop.
1878
$9,657,690
$6,254,544
1879.. 9,777,744
7,705,706
..

Due.

by

F. & A. N. Y., Merch. Ex. Nat. B’k

6 & 7
6
6
6
6
6
6
5
6
6
6
7
6
7
7
6
6
7
7
6
6
6
7
7
7
6
5
5 to 7

6
6
7
6
5
7
7
7
7
8
8
8
10
8
7
8
7
3 to
6
6 &
6 &
7
7
5 A
7
7
7

npaiPrincipal—When

Where Payable and
Whom.

Payable

9

1,300,000

1,000

1,000
1,000
1,000

Rate.

$900,000

....

1879
1880

INTEREST.

Amount

outstanding.

par

City, Mo—Bonds

Bonds
Lawrence, Mass— Funded

79.978811

or

Value.

City—(Continued)—

Bonds

Size

notes on first page of tables

Assessment funding bonds
Revenue bonds, coupon or registered
Temporary loan
Bonds to fund floating debt. &c., coup, or reg.
Bonds to pay maturing bonds

Kansas

XI

great favor by giving Immediate notice of any error dlacovered. In these Table*.

Subscriber* will confer a

For explanations see

SECURITIES.

Tax Rate.

$17 40
15 00

—Population, 32,473 in 1880; 23,536 in 1870.

Total Debt, Sink.Fds.Ae

$984,729
973,007

Memphis. Tenn.—The city has been in default for interest

$26,692
37,347

since Jan*

1,1873. The Legislature passed a bill, January, 1879, repealing the
city’s charter, to enable it to avoid its debts. A Receiver for the city wa*
appointed, but U. S. Supreme Court held such action void. The compro¬
mise bonds were issued at 50 cents on the dollar. Assessed valuation of
real estate, 1875, $19,329,600; personal, about $6,500,000. Tax rate,.
$2 per $100. Population in 1870, 40,230. (V. 28, p. 121, 146, 224, 579*
657; V. 31, p. 306, 328; V. 32, p. 70, 183, 396 ; V. 33, p. 176.)
Milwaukee, Wis.—The city cannot issue debt beyond 5 per cent of itsassessed value for live years. In 1880 valuation was $56,857,854*

average

Sinking funds are provided for all the
$47,000 scrip issued to settle old railroad
in 1880; 71,440 in 1870, (Y. 23, p. 622.)

bonds. There is also about
bonds. Population, 115,702

Minneapolis, Minn.—Total debt, $1,101,000; tax valuation, 1879*
$24,000,000; tax rate, 14-85 mills; bonds all coupon. Population*
48,323 in 1880; 13,036 in 1870.
Mobile.—The valuation of property is about $13,000,000.
Inter¬
f71£49,772; 1877, $68,522,947; 1878, $63,194,487; 1879, $64,018,242; est was in default from July, 1873. A settlement with bondholders was1880, $66,209,440.
offered by act of March 9,1875. In Feb., 1879, the Legislature repealed
Loxvetl, Mass— All the notes held by savings banks. Water loan sink- the charter of the city. In Oct., 1880, bondholders offered to take new
fund, $215,000; other sinking funds, $226,725. Population, 59,340 25-year bonds, bearing 3 per cent for 5 years, 4 per cent for 15 years,,
ml880; 40,928 in 1870. Assessed valuations (about 80 per cent of and 5 per cent for 5 years. Population, 29,166 in 1880; 32,034 in 1870*.
tn*j value), tax rate per $1,000, Ac., have been:
(V. 29, p. 278, 374; Y. 31, p. 328.)
Years.
Real estate.
P’sonal Prop. Tax Rate.
Debt.
S. fund, Ac.
Nashville, Tenn.—At the close of the fiscal year, September 30,1880*
*8'7
$27,072,77.) $12,334,953 $14 30 $2,331,000 $147,951 there were $184,800 of past-due coupons, judgments, overdrafts, Ac*
}878
27,112,747
12,951,379
2,311,000
184,296 Assessed valuation of all property in 1880 was $10,187,000 real property
13 70
27,440,570
2,281,500
12,164,430
13 40
240,000 and $2,491,550 personal; tax rate, $20 per $1,000. Population, 43,337
Mass.—Total debt, January 1,1880, $2,147,487. Assets, $455,- in 1880 ; 25,865 in 1870.
033. Population,
38,376 in 1880; 28,233 in 1870.
Newark.—The bonds in the first line in the table are payable out of thfr
Manchester, N. H.—Total debt, $929,000; assets, $83,367. Assessed sinking fund of 1859, which amounts to $106,407; those in second Unfr
out of
fund of 1864,
bonds
have beenPer cent
true value), tax rate per $1,000, &c., public sinking fund, $290,463;$1,366,089; public school sinking out of
fund
school
Clinton Hill bond* by




^atx>ut 70

of

about

CITY

xu
Subscribers will confer a great

SECURITIES

[VOL. XXXIII
of any error discovered In tbese Tables.

favor by giving immediate notice

INTEREST.

Date of

Size or

Bonds.

par
Value.

For

outstanding.

1861-’74
1875

$....
10,000

$55,000
223,000

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

108,000

explanations see notes on first page of tables.

New

Bedford, Mass.—City bonds

City improvement
War loan

1876
1867 to ’76
1872-’74

Water bonds
do
do
New Haven, Conn.—Sewerage

1871
1861
1867
1877
1852

City Hall
For

Derby Railroad ($20,000 payable yearly)

City bonds (10-20 bonds)

New Orleans— Consolidated debt

Waterworks loan of 1S69
Seven per cent funding loan

of 1869

Seven per cent funding loan of
Jefferson City (debt assumed)

Wharf impr. bonds

1870

Newton, Mass.—City bonds and notes
Water loan ($600,000 6s, balance 5s)
Aqueduct stock

Additional new Croton Aqueduct
Croton water main stock
Croton Reservoir bonds
Croton Aqueduct bonds
Cent. Park fund stock ($275,000

,

only due ’98)

Improvement bonds
Central Park fund stock.;
Central Park improvement
Dock bonds
Market stock

fund stock

do

"

1871

Lunatic Asylum stock
Fire Department stock
Fire telegraph bonds
Tax relief bonds, coupon

1864 to’75

1846 to’69
1865-6
1870 to’79
1871 to ’79
1865 to’74
1866 to’70
1857 to’59
1879

1869
1876

1870-’73
1869-’70
1869 ’70

1870-’73

N.Y.Bridge bds ($2,421,900 red.after July,’96)
Accumulated dtebt bonds
Street improvement bonds
Street opening and improvement bonds
Ninth District Court-house bonds

Department of Parks improvement bonds....
Assessment bonds

City parks improvement fund stock

1,000
Various.

•

8,533,560

1870
1869-’79
1869-’70
1874-’77
1871
1871
1874-’79
1874-’78
1871-’78
1871
1871
1871-’79
1872
1874
1876

Normal school fund stock
Public school building fund stock
Additional Croton water stock
Sewer repair stock
Consolidated stock
do
20-50 (redeemable July ’96)
Museum of Art and Natural History stock.... 1873-’79
1874
Third District Court-house bonds
1877
Armories and drill-rooms
Central Park commission improvement bonds 1878 A ’79
1862 to’68
County Court-house stock
1871
do
do
No. 3
1872 9
do
do
No. 4 & 5
1864
Soldiers’ bounty fund bonds
1804
Soldiers’ subs, and relief red. bonds
IS 65
Soldiers’ bounty fund bonds, No. 3
1865
Soldiers’ bounty fund red. bonds, No. 2
Riot damages indemnity bonds
1864 to’72
1868 to’72
Assessment fund stock
1873
do
do
1875
do
do
1870
Repairs to buildings stock
1871 to ’72
Consolidated stock, gold, coupon
1869 to ’70
Accumulated debt bonds
1870
N. Y. and Westchester Co. improvement bonds
Consolidated stock
1874
For State sinking fund deficiency
1874
Debt of Westchester towns annexed
Consolidated stock, gold
1878
Consolidated stock
Bonds for bridge over Harlem River

835,000
500,000
2,900,000

1,000

250,000

398,000

43,563
333,000

1,360,000
600,000
643,600

4,000,000
446,700
745,800
376,600
855,204

1,719,400
493,200
900,450

Ac.

100,000

14,702,000

500 Ac.
500
500

6,000,000
30,000

1,680,200
1,949,747

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

Oct. 1, ’79 to ’86

do

July 2,1887-’97

July 1, 1881
July

New Orleans,
do
do
do
do
do
do
do
New York or London,
New Orleans.

1874-5
June

arrearage, $509,530; corporate bonds, $106,617. Real and
personal property have been assessed at near the true value as follows:
1878, $86,257,175; tax, $19 80; 1879, $78,658,918; tax, $20 60; 1880,
$82,140,700; tax rate, $20 90. Population in 1870, 105,059, against
136,983 in 1880.

1, 1895

1887 to 1897

Dec., 18801
Aug. 1, 1911
July 1, 1922
April 1, 1881
1879 to 1895

City Treasury.
City
Comm’nwealth Bk.
C<

July 1, 1905-’06
Nov. 1, 1902
1883 A 1890

Aug. 1,1884
Aug. 1,1900
Nov. 1,1900-1906

o

U)

Q.-F.
Q.-F.
Q.-F.

1907 to 1917
1907 to 1911
1887 A 1898

03

A
-M

0

M. A N.

.

1884

Cfl

Q.-F.
Q.-F.

July 1, 1893

si

M. A N.
M. A N.
A N.

1887 A 1895

Nov.1,1901 to ’12

S3

•9

1894 A 1897
1888

a

.•§?
£C

’89,’92,’96A 1926
1889 A 1892

2
-rr>

18j8()

fto

1899
1884
1890
1905.1926A 1928
1884 to’83

c m

SV=3

M. A N.
M. A N.

M-g
®
JA

03

©
00

0

.

03

£

A N.
A N.

A N.

U

1882, A 1888

KS

O GO

1881 to’82
1890

Nov.1,1881 to ’84
Nov.1,1881 to’84

ss-g
o
K

<3

1901-1904
Nov. 1, 1891
Nov. 1, 1891
Nov. 1, 1891

<J3
f“"4

A N.

ft

Nov.l, 1882 A ’85

<£
C3 00

1894 to ’96

£•"

A N

O

A N.

May,’97,1916-’2

03

1903

Nov. 1,1890
1881
Nov.l. 1884
1881 to ’92
1884 to ’88
1894 to ’98
1883 to’90
1881
1895 to’97
1891

3d
o

*

fs

6

II

-M’S

si

•’]

7

g.

1882
1887
1903
1910
1884 to’88
1896 to 1901
1884 to’83
1891
1896
1881 to ’86

■ga
33

|-§
|§
ft.Q

A N.

& D.

03

©

7
5 g.

$98,810; tax

1. 1S92
A 1894

Jan. 1, 1899
March 1, 1894

4

80,000

1884

do
do

6

2,800,000

to

Oct. 1, ’91A1901

City Treasury,

13

915,500
6,900,000

to 1889
to 1910

to 1904
1885 to 1909
1883 to 1909

M. A N.

1,845,000 4, 5,6 A 7
6
265,000
6 A 7
8,779.700
5 A 6
2,102,260
958,000 4, 5 A 6

-

do

6
6

636.000

1880
1891
1879
1900

City Treasury,

Q.-F.
Q.-F.
Q.—F.

5,744,000 5,6,7A6g

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.

Ac.
Ac.
Ac.
Ac.
Ac.
Ac.
Ac.

6 A 7
5 A 6
6

200,000

due.

J. A J. Boston,
i,
M. A N.

5 A 6

3,618,600 4,5,6 A 7
5,196,000 4,5,6A7
6
970,637
6
490,000
6
3,341,071
5
500,000
5
399,300
6
3,849,800
8,203.000 4, 5,6 A 7
6 A 7
296,000
7
75,000
2,229,500 5 A 6 g.
7
7,269,400
6 A 7
700,000
6
521,953
6
597,586
7
3,000,000
4,437,900 4, 5 A 6
7
6,500,000
5 A 6
1,995,400
7
500,000
7
300,000
5
1,241,000
4 A 5
7,311,600

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

Q.-J.
A. & O.

6 A *6*2 Various

357.000 5,

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

73
73
7 g.
10
5

20,550
165,000
298,850

1,000

....

1856
1858 to ’71
1870-’79
1865 A ’68

City Cemetery stock
City improvem’t st’k (part red’mable after ’96)
do

1872

1875
1872

New ForA:—Water stock
Croton water stock
New Croton

85,500
61,000

1870
1871

(assumed by lessees)

8treet improvement bonds
Consol, gold bonds (gen’l and drainage series)
Ten per cent bonds, deficit and old claim
New premium bonds (in exchange)
N. O. Waterw’ks Co. new bds.(for $2,000,000)

5
7
7
8

589,350
385,650

’57, ’67,’70

A. A O.
A. & O.
A. & O.
A. & O.
A. & O.
A. A O.
A. & O.
.1. & J.
A. A O.
J. & J.
J. A J.
Various
J. & J.
M. A S.
J. A D.
Various
J. & D.
F. & A.

6

82,700

1869
1869
1870

Where payable and by
whom.

6
6
5
5
6
7
7
6
6
5
6

200,000
499,000
60,000
160,000
150,000
4,304,250
68,000

1,000

When

Rate.

100,000
400,000

1,000

1854-55

Railroad debt

Principal—When

Amount

DESCRIPTION.

3

1908-1928

d

1910

Nov., 1391.

4 A 5

/o, aiunm?, tuuu,

jsewion, mass.—loiai ueor, January j.,

$70,408. Tax valuation, 1879, $23,787,352; rate, $13 40 per
Population, 16,994 in 1880; 12,825 in 1870.

$1,000.

New York,City.—The total debt of New York, January 1,1881 was
.p-L.-»J,x i
HU/ amount of sinking funds, $32,993,024.
*
$123,176,919; the nmuiuii) ui pmniUp x uuuo, «+*-'■“> ./ «^, ^ — *■ The follOW"
fo
ing statement shows the details of funded debt and the amount m the
city sinking fund at the dates named:
Jan. 1,1881.
Jan. 1,1880.
Description.
»
Jan. 1, 1879.
Funded debt
$123,176,919
$123,145,333
$126,128,815
32,993,024
33,021,985
Sinking fund
32,143,787
.,

,

New Bedford, Mass.—Population, 27,268 in 1880; 21,320
Assessed valuations (true value), rate of tax, Ac., have been:
Personal
Rate of Tax Total Debt,
Bonds.
Years.
Real Estate.
Property.
per $1,000.

in 1870.
Trust
Funds.

..7781
..8781

$12,609,200

$13,524,097

$18 60

$1,178,000

12,808,700

13,137,011

1,148.000

103.100

...9781

12,898,300

12,874,418

16 00
16 40

1,123,000

104.100

Netc Haven,

Conn.—Sinking fund

on

$102,600

City Hall loan, $57,740; munici-

Sal bond fund, $18,277. The city made a special $225,000$75,000second
few Haven A Derby Railroad, and guaranteed
loan of of its to the
mortgage bonds.

Population, 1870, 50,840; in 1880, 62,861. Assessed
of true value), tax rate, Ac., have been:

valuations (about 80 per cent

Person ill

Years. Real Estate.
1876.. $35,178,404
1877..
35.509,639
1878..

33,426,943

1879

Property.
$13,041,104
12,678,617
11,606,420

Rate of Tax
per $1,000.
10 mills.
9%
“
9
9

Sinking
Funds, Ac.
$57,904
$965,513
147,418
950,137
142,196
894,000
156,450
874,000
Total
Debt.

New Orleans—A decision of Louisiana Supreme Court, Dec., 1878, held
invahd the special tax provisions for consolidated bonds. The assessed
valuation of property for 1878 was $111,123,695, real and personal, ami
in 1881 about $103,177.249.
A scheme for settling the debt by a bond

premium drawing plan is in practice, and drawings take place January
31, April 15, July 31, and October 15. On June 30, 1881, the total
bonded debt was $14,579,329; and total floating debt, $2,331,331.
The uncollected taxes for 1878 and prior years, payable in scrip, were
$3,465,844, and for 1879-80, pay .able in cash, $1,000,000. Population
in 1870, 191,418 ; in 1880, 216,359.
(V. 30. p. 466,494, 651; V. 31,

p.

606.)




Net debt
Assessment bonds.....
Revenue bonds

$93,985,028

$90,183,895

$90,123,348

13,481,500
5,952,075

6,039,966

10.358,100

13,262,100

5,524,244

$109,425,414
$106,066,240
Total.,
$113,418,603
population of New York, by the United States census, in 1870 was
922,531, and 1,209,561 in 1880. Since Jan. 1,1861, the valuation, rate
of taxation, and net funded, debt at end of year, have been as follows:
The

Real
Estate.

Years.
1861
1865
1870
1871
1872
1873
1874t
1875
1876
1877
1878
1879
1880
1881
*

$406,955,665

.

427,360,884
742,103,075
769,302,250
797,148,665
836,693,380
881,547,995
883,643,545
892,428,165
895,963,933
900,855,700
918,134,380
942,571,690
976,735,199
Less sinking funds.
.

.

.

.

.

.

.

.

.

.

.

.

Personal
Estate.

$174,624,306

$1,000-?’

State.

Net Debt*
Dec. 31.

City.

$3 62 $16 36

181,423,471
4 96 24 94
305,285,374
2 70 19 80
4 43 17 27
306,947,233
306,949,422
5 20 23 81
5 41 19 59
292,597,643
272,481,181
6 95 21 05
217,300,154
29 40
'
218,626,178
28 00
206,028,160
26 50
197,532,075
25 50
175,934,955
25 80
25 30
201,194,037
209,212,899
t Annexed towns included.

-

$20,087,301
35,973,597
73,373,552
88,369,386
95,467,lo4
107,023,471
114,979,970
116,773,721
119,811,310
117,700, / 42
llS.418,103
109,42o,414
106,060,240

October,

CITY

186 l.j

SECURITIES.

xui

Snlwcribert will confer a great favor by giving immediate notice of any error discovered In these Tables.*
DESCRIPTION.
For

Date of
Bonds.

Size

par

explanations see notes on first page of tables.

Value.

Norfolk, Fa.—Registered stock

outstanding.

$100
1870-’74

Coupon
Trust & paving, coup, (pav’g, $189,300, J.AJ.)

1872-’73

100

1871
1868
1877

500,000
125,000
160,000
300,000

bds, water (a inort. on water works.).
Norwich, Conn.—City bonds
Coupon

Citv bonds

Water loan

100

1881-

.

.

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

1875

Sinking fund bonds

.

1,000

($50,000 1890, $250,000,1898)... ’68,’78,’80

Court House

.

1878
1858-’73

Paterson, N. J.—School bonds

Funded debt bonds
Improvement bonds
Sewer b’ds ($125,000 are M.A S. & $16,000 5s)
War bounty bonds
Funding bonds, “A”
Renewal bonds, “B”
Philadelphia—Bonds prior to consolidation
Bonds for railroad stock subsidy aubscript’ns

417,000
325,000

500

1862-’71
1869-’79

500
500
500
500

500
Ac.

135,000
28,000
369,000
399,500
100,000
110,000
5,284,989

1863-’65
1877

Ac.

1,725,000

Ac.

6,500,000
4,853,500
8,701,600
11,650,000
15,909,750
5,999,400
8,806,810

100 Ac.

1877-’78

50
50
50
50
50
50
50
50
25

....

1855

do

for water works

1855 to’71

do
do

bridges
for park and Centennial

1859
1868
1862
1860

for

Bonds for war and bounty purposes

municipal, school, sewer, Ac
Guaranteed debt, gas loans
Four per cent loan (“A” to “ Y”)
Peoria, Ills—School loan
Water loan ($50,000 each year)
do

to
to
to
to

’70
’70
65

’70

....

1879

Ac.
Ac.
Ac.
Ac.
Ac.

Ac.

....

....

....

....

....

Water loan
do
Bounty loan ($21,000 payable each year)
Peoria & Rock Island Railroad
Pittsburg—Water exten. loan (coup, or reg.)
Water loan, reg
Funded debt and other municipal bonds

74,500

....

....

....

....

....

....

50,000
195,000
205,000
42,000
100,000
4,279,000
300,000
1,226,000
2,179,469

....

1868 to’74

....

1878
1845 to ’72
1863
Compromise railroad bonds (coup, and reg.)..
Bonds impr. Penn, av., Ac. (local assessment). 1871 to’73
Bonds for overdue interest (temporary loan).
1879
?ortland, Me.—Loan to Atl. A St. Lawrence RR. ’68,’69,’70
1,000
Loan to Portland A Rochester Railroad
1867 to’69 500 Ac.
do
do
do
1872
do
Portland A Ogdensburg
1872
1859-79
500 Ac.
Municipal—proper, ($63,000 are 5s due ’83)..
1867
Building loan bonds
1,000
1855
Providence, R.I.—Bonds for public improvem’ts
lOOOAc.
1863
Recruiting and bounty bonds
1000Ac.
Water loan bonds, gold, coupon
1872
lOOOAc.
do
do
1874
lOOOAc.
registered
do
do
do
1876
lOOOAc.
1875
£100
City Hall A sewer loan b’ds, sterling, cp. or reg
do
loan of 1879
1879
lOOOAc.
Public improvement loan, registered
1879
Large.
Prov. A Springfield RR. bonds, guaranteed...
1872
1,000
Brook Street District certificates
1877
1,000
....

....

....

....

5,127,700

....

do

do

'

do

1879

coupon

.

.

•

•

••

....

Bonds, reg. and coup. ($216,000 are coup.)...

....

...

....

New fives

Rochesterr N. T.—To Genesee Valley Railroad
To Roch. A State L. and R. N. A P. Railroads.

1,000

..

For various city improvements
Water works loan, coupon and registered

m

m

lOOOAc.
Various
lOOOAc.

.

....

....

Funding loan
Rockland, Me.—City bonds
Railroad loan ($20,000 payable yearly)

1875
.

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

■

1869
dO
..•
;
1871
do
1872
St. Joseph; Mo.—Bonds to St. Jo. A Den City RR. 1860 to’69
t< Missouri Valley Railroad
Bonds
1869
Bonds f< r various purposes
1858 to ’69
Bridge bonds
1871
New coq promise bonds (60 per cent)
1881
St. Louis—Renewal and floating debt bonds
1846 to ’71
Real estate, buildings and general purposes.. 1840 to’68
Street improvement bonds
1855 to’57
Water work bonds (old)
1856 to ’58
Tower Grove Park bonds (gold)
1868
Sewer bonds
1855 to’69
Harbor and wharf bonds
1852 to ’68
Bonds to Pacific Railroad
1865
New water work bonds (gold)
1867 to ’70
do
do
do
1872

627,500
416,000
1,200,000
1,332,600
325,000
600,000
300,000
2,347,000
1,653,000
1,500,000

1,397.250
600,000

150,000
205,000
462,500
114,r00

100 Ac.

196,300

500
50 Ac.

450,000
300,300
1,688,000
1,104,000
70,000
127,000
346,000
772,000
578,000
700,000
3,950,000
1,250,000

Various
Various
Various

Various

1,000
1,000

Various

1,000
1,000

f* The amount of all real estate taxes
remaining overdue and unpaid on
was $8,253,945. The personal faxes overdue and unpaid
were $13,790,197, of which $10,000,000
was estimated to ho worthless.

August 1,1881,

J.
J.

J.
J.
J.
J.

p.

A

J.
A J.
A J.

A J.
A J.
A

J.

A J.

do

Jan. 1, 1905
April 1. 1908
Dec., 1879-1904
Dec., 1879-1900

do

City Hall, by Treasurer.
do

do
do
do
do
do
d©

do
do
do
do
do

Dec., 1879-1386
1882-1902
Dec., 1879-1900

June, 1887
1901-1904
1879 to *85

Phila., by Treasurer.
do

do
do

do
do
do
do
do
do
do

>

> 1879 to 1903

s

do

do

)

S

do
do

1879 to 1905

$

do

1883 to 1905
1880 to 1904
1879 to 1890

do

Various N. Y., Amer. Exch.Nat. Bk.
M. A N.
do
do
May 15,1881
J. A D.
do
do
June 1,1888
Various
do
do
1889-1891
M. A S. N. Y., Mercantile Nat. Bk. Mch.1,1882 A ’83
J. A J.
New York.
July 1, 1688
A. A 0.
1893 to '98
Fittsburg, Treasurer.
J. A J.
do
do
1908
Various Pittsburg, Phila. A N. Y.
1881 to 1912
J. A J. New York, B’k of America.
1913
Various
1883 to ’85
Philadelphia.
1884 '
M. A N. Boston, Blackstone N. B’k. Nov.,1886,’87,’88
J. A J.
do
do
July, 1887
J. A J.
do
do
July 1, 1897
M. A S.
do
do
Sept. 1, 1907]
Boston and Portland.
1881 to '95
in’nthly
J. A D.
do
June 1,1887
M. A S.
Providence.
Sept., 1885
•

5 A 6

6
6
5
5 A 6
5 A 6
5
5

J. A J.

g.
g.
g.
g.

-

-

w

• •

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

do
Jan., 1893
J. Boston, Prov. and London.
Jan., 1900
J. N. Y., N. City Bank, A Prov.
Jan., 1900
J.
do
do
July 1, 1906
J. London, Morton, Rose A Co
July 1, 1895
D.
June 1, 1899
Providence.
do
July 1,’99 A 1900
J. A J.
do
1892
M. A S.
Sept. 1, 1880-’84
Treasury.
M. A N.
Boston and Providence.
May 1. 1885-’36
do
Various
do
1881-’89
J. A J.
J. A J., 1880-1912
Richmond, Treasurer.
J. A J.
do
do
1886A1904-1909

J.
J.
J.
J.
J.

A
A
A
A
A

>

J. A J. N. Y., Metropolitan N. Bk.
N. Y., Union Trust Co.
F. a a:
Various New York and Rochester.
N. Y., Union Trust Co.
J. A J.
do
do
Semi-an
City Treasury.
J. A J. Bost., Hide A Leather Bk.
F A A. Bath, Me., First Nat. Bank.
M. A S.
Rockland, Treasurer.
Various N. Y., Nat. B’k Commerce.
M. A N.
do
do ,
Various St. Joseph and New York.
J. A J. N. Y., Nat. B’k Commerce.
F. A A.

do

do

Various N. Y., Nat. Bank Republic
do
Various
do
do
Various
do
do
Various
do

1881 to 1903
1893
1880 to 1902
Jan. 1, 1903
1905
1880 to 1897
1880 to 1899
1891
1892
1880 to’89
,

Nov., 1889
1880 to ’89
1891
1901
1881 to’91
1882 to 1900
1882 A ’87
1882 to’83

F. A A.
do
do
Aug., 1898
Various
do
do
1882 to’89
Various
do
do
1881 to’83
F. A A. N. Y., Nat. B’k Commerce.
Feb. 1, 1885
J. A D. New York and St. Louis. June, 1887,to 90
A. A 0. N. Y., Nat. B’k Commerce.
April 1, 1892

Years.

Real Estate.

$565,849,095
585,408,705

The reduction between the amount of taxation in the
years 1874 and
1880 is about $3,400,000.
There was, however, no substantial reduc¬
tion in the expense of
administering the City Government, as the reduc¬
tion in State taxes is about equal to reduction in
ta^x levy. (V. 31, p. 45,

281, 445; V. 33,

A D.
A D.
A D.
A D.
A D.
A D.

....

6
6
6
6

4ie
5
596,000
7
500,000
5
560,000
280,000
4*2
126,438
4^
6
3,263,545
8
1,214,700
(0
7
160,000
7
750,000
0 A7
938,636
7
3,182,000
410,000
192,650 4,5A6
400,000

J.

7,6j.A7g
7
7
6
6 A 7
4 A 5
7

A J.
A O.

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

7
6
6
5 A 6
6
6
6
6
6
6
6
4
7
10
7

787,000

.

1,000

1877 A’79
Building certificates;
Richmond, F«.—Bonds, reg.,($118,000 are coup.)

J.

7
7

1,405,000

.

New High School

J.
A.
J.
J.

7

6718787., 81187-90.
1869-’79

Due.

Whom.

A J. Norfolk, Treasurer’s Office
1881 to ’85
M. A S.
do
do
’90-’94 -’99,1900
J. A J.
do
do
1911
A. A 0.
do
do
Apl.,’92; July, ’93
M. A N. New York, Park N. Bank.
May, 1901
A. A O. Thames N.Bk;
Oct. 1, 1893
Bost.,Bk.Rep
A. A 0.
Norwich.
April 1, 1907
Various
do
1898,1908 A1910

7
5
7

50,000
118,000

Principal—When

Payable and by

J.

5, 6 A 7

164,000

Where

Pay’ble

6
6 A 8
5
8
8
7
5

415,800

100

($20,000 6s are J. & J.)
bonds of 1881 (exempt)

When

Rate.

$837,562

Coupon bonds

'

INTEREST.

Amount

or

593,313,532
577,548,328
526,539,972
529,169,382
535,805,744

40, 244.)

Personalty.
$9,434,873
10,004,673
9,755,000
9,439,769
8,069,892
7,498,452
7,863,385

Tax Rate*
$21 50
21 50
22 50
21 50
4
20 50
20 00

Norfolk, Fa.—The assessed valuations and tax rate per $1,000 have been: Assessed valuations of real estate for 1881 are: Full city property,
$488,645,902; suburban property, $35,916,452; farm property, $19,-Years.
Real Estate.
Personalty. Tax Rate. 106,775. A tax rate of 1-95 on full city property is recommended for
$8,576,130
8,703,895

!870

$1,639,866
1,480,763
1,497,130

8,775,416

$19
19
19

Norwich, Conn—The

■,^ar8#

1§70
}|78
1879..
1877

assessed valuations, tax rate, Ac., have been :
Real
Personal Rate of Tax Total
Sinking
Estate.
Property, per $1,000. Debt. Funds, Ac.

$7,735,1588,184,815

$3,725,846

$11

3,273,074

$765,664

8
7
9

763,277
771,863

3,535

777,312

9,191

7,794,678
3,039,504
7,435,418'
3,057,099
21,145 in 1880; 16,653 in 1870.

—Population,
Paterson, N. /.—Finances

apparently in

$

sound condition. Back
taxes due (including 1878) were
$667,786 January 1,1879. The assessed
valuations, tax rate per $1,000, Ac., have been:
are

.Years,

Real Estate.

1°J8
1870

$15,850,857

Personalty.

$3,255,659
15,923,108
3,246,501
16,398,608
3,544,517
—Population, 50,950 in 1880; 33,579 in 1870.

a

Tax Rate.
24*
2*4
2t*

Debt.

$1,286,500

1881. Population, 1870, 674,022, against 847,542 in 1880.
629; V. 29, p. 435.)

(V. 27, p.

Peoria, III.—Total debt. $686,500; tax valuation, 1876, $14,574,105*
Population, 31,780 in 1880; 22,849 in 1870.
Pittsburg— Assessed valuation in 1880: Real property, $85,744,990 ;
personal, only $2,516,540. Tax rate, 1880, 20-4 mills per$l. Popu¬
lation, 153,883 in 1880; 86.076 in 1870. interest defaulted April,
1877, on Penn Avenue improvement bonds, legal points beiug dis¬
puted. (V. 27, p. 68, 643; Y. 28,Jp.*43, 302; V. 29, p. 383; V. 31, p.
123.)

Portland, Me.—The sinking fund and available assets March 31,1881,
$203,221. The city is protected by mortgages on Atlantic & St*
Lawrence, Portland A Rochester, and Portland & Ogdensburg railroadsPopulation in 1879, 35,010, against 31,413 in 1870, and 26,341 in 1860were

-Population in 1880, 33,835; 1870, 31,413.
rate, Ac., have been :

tax

Real
Estate.

Personal

The assessed valuations,

Rate of Tax
per $1,000.

Total

Sinking
Funds. Ac.*
1,259,500
$19,067,200
$25 00 $5,507,900 $377,061
11,458,354
25 50
19,212,800
5,316,600
360,815
19,825,800
10,359,128
25 00
5,235,600
225,710
Philadelphia.—The total funded debt, January 1,1881, was $69,431,19,777,200 * 11,376,456
25 50
4,688,100
92,356
064; floatmg debt, $601,365; on January
1,1880, the debt was $70,970,*
W4; floating debt, $1,294,554.
These do not include the sinking funds for railroad loans.
Total assets Jan. 1, 1881, including
sintangfund, railroad stocks held, and $2,942,263 of taxes “due and
Providence, R. J.—The principal debtof Providence has been created
£? table the an<1 852,805,754 cash, were $26,819,446. In the follow¬ since 1872 for water works, sewerage, new City Hall and Brook Str#et
S.ble” assessed
ing
value of real estate is near its cash value:
Improvement. The sinking fund tor bonds due in 1885, $553,171;
1880---

+




1,275,000

Years.

Property,
$11,825,645

*

Debt.

CITY

xlv
Sabtcribew will c<mfer

a

Date of

Size

Bonds.

St. Louis—{Continued.)
Renewal and sewer bonds (gold)

1871 to ’73

gold or sterling
Renewal, Ac., bonds, gold, $ and £.
Renewal, Ac., bonds, gold, $ aud &, coupon...
Renewal bds.,gold,$ and £(part red’mable ’90)
Bridge approach bonds (gold)
8t. Louis County bonds assumed—
Insane Asylum
1
Renewal purposes,

Amount

or

outstanding.

par

Rate.

6
6
6
6
5
6

$681,000
1,074,000
707,000
2,747,000
1,024,000
461,000

$1,000

1873
1875
1874-’79
1880
1872

1,000
1,000
1,000

1,000
500

1187695.
1787097. 8
County Jail

General purposes, gold
Renewal
Park bonds, coupon, gold
Countv bonds

St. Paul, Minn.—Revenue bonds
Preferred bonds
8 per cent bonds
Lake Superior A Mississippi Railroad
St. Paul A Chicago Railroad
Public Park (Como.)
Local improvement
1
Bonds

m

Salem, Mass.—City debt
Citydebt
Water loan
do

San Francisco— Bonds of 1858, coupon

(gold)..

Judgment bonds, coupon (gold)

Central Pacific Railroad, coupon (gold)
Western Pacific Railroad,
do
do
School bonds,
do
do
School bonds.
School bonds
Park improvement

do

do

j..

bonds

Hospital bonds

House of Correction bonds

City Hall construction
Widening Dupont St. (Act March 4, 1876)

Somei'rille, Mass.—City debt

City debt

do
do
do
do
Park A wat’r ($170,000 A. AO.;
Water loan

•

1,900,000
500,000

707^425

•

•

115,000
108,000
300,000
500,000
398,500
542,000
435,500
377,000
250,000
197,000
246,000
385,000
200,000
475,000
210,000
150,000

750,000
915,000
3,000,000
10,000

Large.

Large.
Large.

Large.
1,000
1,000
1,000

1866 to’79
1870
Toledo A Woodville Railroad, coupon
’73,’74A79
Water works ($3,000 only 6s)
Short bonds, chargeable on special assessm’ts 1874 to’80
Worcester, Mass—City debt, coup, andregist’d. 1801-’2-’71
1871
City debt, ($250,000 reg., $550,000 coupon).
1872
do reg. ($200,000 J.AJ., $300,000 A.AO.)
1880
do
registered
8ewer loan ($92,000 are J.A I)., balance J.AJ.) 1870 to’79
1870 to ’76
Water loan ($305,400 reg., $80,000 coup.)

Toledo, 0.—General fund city bonds, coup

1,200,000

280,000

....

o

Q

.

Large.

1,160,(550
432,000
1,000,000
505,521
45,000

500 Ac.
500 Ac.
500 Ac.
Various.
500 Ac.

Sinking funds of 1885, $593,204; 1893, $221,094; 1895, $212,007;
1900-0. $113,825. Population, 1870, 08,901; 1880, 104,700. The laws
of Rhode Island now limit the debts of towns to 3 per ct. of their assessed
valuation. Assessed valuations (true value), tax rate, &c., have been:
Real
Personal
Tax per
Total
Assets in Sink.
Years.
Estate.
$1,000.
Debt.
Property.
Funds, Ac.
$85,789,800 $32,085,000 $14 50 $10,294,440 $1,195,253

1,292,097
30,099,400
14 50
10,590,550
28,705,000
14 00
10,475,550
1,237,008
88,012,100
27,908,900
13 50 10,112,088
1,250,989
State valuation, $108,547,726 ; city, $115,581,200.
(V. 28, p. 578.)
Rochester.—Total debt, $5,900,410.
The bonds of Genesee Valley
Railroad loan. $108,000, are provided for by net receipts from a lease of
said road to Erie Railway. Population, 87,057 in 1880; 02,380 in 1870.
Assessed valuation (00 per ct. of true value), rate of tax, Ac., have been:
Total
Personal
Tax per $1,000 1
Real
Debt;
in old Wards.
Estate.
Years.
Property.
80,341,100
80,810,100

•

1876....
1877....

1878....
1879....

$53,661,475

18-75
2021
19-64
21-79533

$1,958,900

48,196,975
42,658,350
37,717,175

2,003,800

1,706,300
1,584,940

$5,594,686

5,549,186

5,471,686
5,446,186

Richmond, Va.—Real estate assessed, 1880, $28,348,283; personal,
$7,471,488. Tax rate, $1 40. Population, 03,243 in 1880 ; 51,038 in ’70.
Rockland, Me.—Valuation of real estate, 1879, $2,488,883; personal,

?1,009,430. Tax rate, $29 per $1,000. Population, 7,473 in 1880;
,074 in 1870.

St. Joseph. Mo.—Population in 1880, 32,484; in 1870, 19,505.
As¬
sessed valuation of real estate, 1880, $5,723,784. Personalty, $3,294,-

451; total, $9,018,235.

Rate of tax, 1880, 32^ mills.

The actual
A compro¬
which are
(V. 28, p. 477; V.

value of all property is estimated to bo over $19,000,000.
mise of the debt is in progress, in new 4 per cent bonds,

given for the full principal and interest of old bonds.
32, p. 659.)

St. Louis.—Population by the United States census in 1870 was
310,864, against 333,577 in 1880. The city and county were merged

by law in 1877 and city assumed the county bonds. The Comptroller

gives

the following in his report to April, 1881: The liabilities appear as

follows: The bonded debt at the close of fiscal year (April 9, 1881) is

$22,417,000. A claim of the St. Louis Gaslight Company for gas fur¬
amounting in all to about $850,000, was decided against the city in
1880, but appealed. Assessed valuation of property and tax rate have

nished.

been:

Real Estate

and Personal

Years.
1878
1879
1880

1881




Property.
$173,086,330
164,399,470
160,634,840

-—Rate of tax per $1,000.
New
Old
Limits.
Limits.

$5 00

$17 50

5 00
5 00
5 00

17 50
17 50
17 50

Pay’ble

A
A
A
A
A
A

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

Various
A D.
A B.

J.
J.

....

g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.
g.

New York

Various

A" S.

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

A J.

A O.

A.
J.
M.
A.
A.

A
A
A
A
A
A
A
A
A
A

J.

J.
J
J.
M.
J.

A
A
A
A
A

Y.,

London.

1891 to ’94
Nov. 1,1893

do
do
do
do

May 1, 1895

1894 A 1899
Jan. A June, 1900
Dec. 10,1892
Nat. B’k Commerce.

do
do
do
do
do
do
N. Y., Kountze
do
do
do
do
do
do
do

D.
J.
J.
N.
J.

do
do
do
do
do
do
Brothers.
do
do
do
do
do
do
do

City Treasury.
Boston, Merchants’ Bank.
do
do

J.

do
do
do
do
do
do
do
do
do
do
do
do
do
do

A J.

*

Bonded
Debt.

$22,787,000
22,614,000
22,507,000
22,417,000

800,000
500,000
500,000
311,900

385,400

6 A 7
7

6, 7 A 8 Various
6
7
5

5
5

7'3
A 8
A 8
A 6
6
5
4
A 6
A 6

M. A N.
Various

1888 A ’98
1

1900
1903
1898

April 1, 1904
1880 to 1889
Jan. 1, 1891

Jan. 1, 1888
Oot. 1, 1883

July 1, 1894
May 1, 1895
April 1,1881

July 1, 1894
1899

1896

do
do
do
do
do
do
do

do
do

Imp. A Trad. N. Bk.
do
do
do

1889, ’90, ’96

1897 A 1904
Nov. 1, 1891

do
do
N. Y.,

1880 to’90
1883 to’86

July 1, 1894

do
do
do
do
do
do
do

A. A O.
A. A 0.

1889 to 1896

April 1,1905
May 1, 1895

Oct. 1, 1887
June 1,1882 to ’9<V

N. 1.,

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

Sept. 1, 1888
June, 1892

1,1883-1896
July 1,1904

Eugene Kelly A Co.
A O. Boston, Nat. Security Bank

Q-F.

July 1,1887

A pi.

J. SanF.AN.Y „ Laidlaw A Co.

....

J.

or

do
do
do
do

O.
J.
N.
O.
O.

J.
O.

Due.

Whom.

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

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

Principal—When

Where Payable, and by

6*3
461,000
6*3
165,000
Various
6
115,000
Various
513
140,854
5
Various
200,000
Various
613
325,000
320,000 513,6,613 Various
Various
413, 6
222,000
City Treasury.
Various Boston, First National B’k.
6
211,000

lOOOAc.

Railroad loan

g.
g.
g.
g.

5*3 A 6
6
6
5
6
7
7
7
7
7
7
6
6
6
7
6
7
5
7

When

j. a: j.

7
8
6
6
7
7
6

100,000

•

g.
gg.
g.
g.
g.

5, 6 A 7

100,000

Various.

$155,000 J. A J.)

7
7
6
7 A 6
6
6

48,710
263,125
200,000
100,000

Large.

Sprinqdeld, Mass— City notes
City bonds
Water loan ($200,000 are 6 per cents)

.

600,000
850,000

•

•

Savannah, Ga—New compromise bonds

100,000
500,000

1867
1,000
1868
1,000
1872
i;ooo
1873 to ’76
1,000
1875
1,000
1875
1,000
Various. Various
Various. Various
Various
1868
500 Ac.
1870
1,000
1873
1,000
1873
1,000
1879
1,000
100 Ac.
Various.
1871
1,000
1868-9
100 Ac.
1878
1,000
500 Ac.
1858
1863 to’64 500 Ac.
1864
500 Ac.
1865
500 Ac.
1866 to ’67 500 Ac.
1867
500 Ac.
1870 to ’72 500 Ac.
1874
500 Ac.
1872 to ’75 500 Ac.
1871 to ’73 500 Ac.
1874
500 Ac.
1875 to’76 500 Ac.
1876
1879
100 Ac.
1870 to ’79 Large.
Various.

discovered In these Tables.

INTEREST.

Value.

first page of tables.

Judgment bonds,

[vol. xxxm

great favor by giving Immediate notice of any error

DESCRIPTION.
For explanations see notes on

SECURITIES

do
do
do

Various
J. A D.
City Treasury.
A. A O. C.Treas.ABost. Mclits.’ Bk.
do
do
Various
A. A O.
do
do
do
do
Various
do
do
Various

Feb. 1,

1909

April 1, 1879
April, 1879 to ’84
July 1, 1880 to’84
Oet.’81-’4,July,’85
July, ’84, Apl.,’95
Apl., ’95, July, ’96
1881 to 1884
1880 to 1906
1879 to 1884
1880-1889

Apl. 1,’94, to 1905
Apl. 1. 1879-1893
1881 to ’94

May, 1900
1893, ’94 A ’99
1879 to’81
18SO-1885

April 1,

1892

1887-89 A 1905

April 1, 1905
1880 to 1899
1880 to 1906

St. Raul, Minn— Population in 1870 was 20,030;
in 1880, 41,619,
Assessed valuations of taxable property and tax rate have been:
Total
Personal
Rate of Tax
Sinking
Debt.
Years.
Real Estate.
Funds, &c,
Property.
per $1,000
22 mills.
$1,323,812 $616,292
$20,836,710 $6,919,216
16
“
1,332,500
551,755
6,340,493
18,835,525
18
“
567,642
1,327,200
5,452,871
18,993,545
13
“
616,000
1,356,444
5,491,026
17,300,486
15
“
656,000
1,519,310
5,942,503
17,300,766

—Valuation of real estate is about 40 per

cent of truo value.

Salem, Mass.—The sinking fund amounts to about $190,000. Popula¬
tion, 27,327 in 1880; 24,117 in 1870. Tax valuation, 1879, $22,937,077.

in 1880 ; 149,482, in 1870. Real
30, 1880, was assessed at $164,939,604. About $37,000,000 of mortgages are now omitted from assess¬
ment. Sinking funds raised annually amount to $263,500. Tax rate in
1879, $1 37 per $100; in 1880, $1 57 per $100, for city and county pur¬
poses.
(V.28, p. 165.)
Savannah, Ga.—Default was made on interest Nov. 1, 1876, in conse¬
quence of yellow fever aud non-collection of taxes.
The compromise,
as reported in V. 26, p. 625, gave new 5 per cent bonds for the faoe of old
bonds ; and for interest up to Feb. 1, 1879, 58 per cent of the face value
San Francisco.—Population, 233,066
estate for the fiscal year ending June

in similar bonds. Assessed value of real estate and tax rate each year
have been as follows: In 1875, $13,932,012, $22 50 ; 1876, $14,256,540,

1877, $14,256,540, $15;
1878. $9,946,633, $25; 1879,
$10,100,000, $25. Population in 1870, 28,235, against 30,747 in 1880.
—(V. 26, p. 18, 626 ; V. 27, p. 122, 173, 568; V. 28, p. 17.)
Somerville, Mass.—Total debt, January 1, 1880, $1,585,000; sinking
fund, $198,000. Except $140,000 5s in $1,000 pieces, all bonds are in
$2,000 to $50,000 pieces. Population, 24,964 in 1880 ; 14,635 in 1870.

$22 50;

Springfield, Mass.—Total debt, January, 1880, $1,960,750. The rail¬
$20,000 each year. Population in 1880, 33,536
1870, 26,703. Tax valuation and rates have been:
Personal Rate of Tax
Total
Sinking

„

road debt falls due

Property, per $1,000.
Debt.
Funds.
6,955,776
13 00
1,946,611
3p3,989
6,637,845
1,953,716
153,633
11 00
7,230,094
12 00
1,960,750
139,279
—Valuation of real estate is about 67 per cent of true value.
Toledo.—Total debt, January, 1881, was $3,316,091. Of this the debt
payable by special assessments was $505,521, and the certificates of
indebtedness, $62,641. Taxable valuation of real estate, 1878, $12,*
805,945; personal, $5,350,150. Tax rate, $3 36 per $100. Population,
53,635 in 1880; 31,584 in 1870. (V. 30, p. 356.)
Worcester, Mass.—Total debt, January 1, 1880, $2,542,300. .Assets,
$210,658, including $94,737 sinking fund. Population. 58,040 in 18&0;
41,105 in 1870. Tax valuation, 1870, $34,018,450; 1879, $39,591,358;
tax rate, 1'56.
Years.

Real Estate.

23,737,000
22,746,330
22,211,230

RAILROAD

188!. J

October,

STOCKS

AND

BONDS.

xv

Subscriber® will confer a great favor by giving Immediate notice of any error discovered in these Tables.
DESCRIPTION.
For

Miles

explanation of column headings, &o., see notes
on

first page

of tables.

Alabama Central— 1st mortg. gold coupon
Alabama X. O. Texas & Pacific June.—Debentures..
Ala.dt Ot.South'n.—Receiver’s eertitle.of Ala.&Chatt
1st mortgage, coupon, (for $1,750,000)
Albany & Susquehanna—Stock
1st mortgage
Albany City loan (sinking fund, 1 per ct. yearly).
2d mortgage
Consol, mort. (guar. D. &H. endorsed oil bonds)..

Date

of
of
Road. Bonds

or
Par

Bonds to State Pa. (endorsed) 2d mort.. East ext.
1st mort., East’ll Exteu., guar, by Pa. RR

Funding income bonds, with traffic guarantee
Alliance J* Lake Erie—1st mort., sinking fund, gold

Amador Branch— 1st mortgage
Asheville <t Spartanburg— 1st mortgage, gold
Ashtabula J- Pittsburg— 1st mortgage, coup, orreg..
Atchison Col. J* Pacific—1st mort., guar
Atchison Jewell Co. & West.—1st M., guar. C.B.U. P.
Atchison Topeka d Santa Fe—Stock
1st mortgage, gold
Land grant mortgage, gold
Consol, bonds, gold

$1,000,000
5,000,000

6

J.

& J.

200,000
1,448,000

8

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

&
&
&
&
&
&
&

1878
1881

$1,000

....

....

...

296
177
142
142
142
142
259
132
110
110
259
30
27
30
62
229
34

1878

Construction notes
Land income bonds, 5 to 10 years
Bonds for stocks purchased, gold
S. F. bonds for purchase of K. C. L. & S. K. stock.
S. fund bds., $25,000 p. m. (secured by mort. bds.)
Wichita A Southwest., 1st M., gold, guar
Kans. City
do

Top. & West. 1st mort., gold

income bonds
Pueblo & Ark. Valley, 1st mort., gold, guar

do
Kansas City

do

1st

(& 2d on 1*18 miles) guar..
Emporia & S., 1st mort., guar
Cowley Sumner & Fort S., 1st mort., guar

1863*
1865
1865
1876

1866
1870
1871
1874
1878
1877
1876
1878
1879
1879

1,000
100,000
1,000

50

1869
1870

100 &c.

1,000
1,000

100 <&c.

....

....

....

....

....

....

....

27*2

148
137
....

....

1878
1880
1880
1880
1872
1875
1878
1875
1878
1879
1879

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

1,000

1,000
1,000

authorized also $12,500,000; and of the total $25,000,000, about $15,000,000 are out. The company purchased the Vicksburg & Meridian,
Vicksburg Shreveport & Pacific and the New Orleans & Northeastern
railroads. See V. 33, p. 22.

Alabama Great Southern.—Dec. 31, 1880, owned from Waukatcliie,
Tenn., to Meridian, Miss., 290 miles; leased,Wauliatchie to Chattanooga,
6 miles; total operated, 296 miles. Northeast & Southwest Alabama
chartered Dec. 12, 1853. Reorganized as Alabama & Chattanooga Oet.
6,1868, and was opened May 17, 1871. Default made Jan. 1, 1871, and
road sold under foreclosure January 22, 1877.
Present company
organized November 30, 1877. New company assumed Receiver’s cer¬
tificates and issued new bonds for $1,750,000. The lands were conveyed
in full settlement to the holders of the $2,000,000 of Ala State bonds.
These lauds (about 550,000 acres) are held by trustees.
(V. 30, p. 117.)
The road and equipment have been thoroughly renewed. Capital stock—
Common, $7,830,000, and preferred 6 per cent, $783,000; funded debt,
$1,750,000, and Receiver’s certificates, $200,000 (of which $134,000 in
litigation, all valid certificates allowed by U. 8. Court being paid on
presentation). Gross earnings in 1879, $444,181, and operating ex¬
penses, $356,283 ; net earnings, $87,897. Gross in 1880, $643,130; ex¬
penses, $451,335; net, $191,795.
(V. 30, p. 117, 648; V. 31, p. 94; V.
32, p. 499, 611; V. 33, p. 125 )
Albany d Susquehanna.—December 31,1880, owned from Albany, N
Y., to Binghamton, N. Y., 142 miles; branches—Quaker Street, N. Y.*
to Schenectady, 14 miles; Cobleskill, N. Y., to Cherry Valley, 21 miles;’
total operated, 177 miles. Chartered April 19, 1851, and road opened
Jan. 14, 1869. Steel rail, 135 miles. Leased in perpetuity from Feb.,
1870, to Delaware & Hudson Canal Company; rentals, 7 per cent on
stock and bonds. Additions and betterments charged to lessors, and
cost made part of investment. In 1871 lessees built the Lackawanna &
Susquehanna Railroad from Nineveh to their Pennsylvania coal fields,
and secured the joint use of the Jefferson Railroad. This
opening has
given a large coal traffic to the road and to the other Delaware
Hud¬
son leased roads north from
Albany to the Canada line. The consoli¬
dated mortgage is for $10,000,000, of wliich $3,450,000 is to retire old
bonds, and balance for a part of old stock and to lessee for improve¬
ments. Gross earnings in 1879-80, $1,538,982; net, $657,288, against
$558,268 in 1878-9 and $456,580 in 1877-8. Interest, dividends and
rentals in 1879-80, $721,371. Loss to lessees, $64,083.
(V. 29, p. 581;
V. 31, p. 357, 483 ; V. 32, p. 99, 205.)
Allegheny Valley.—Dec. 31,1880, owned from Pittsburg, to Oil City,Pa.,
132 miles; branches—Red Bank, Pa., to Driftwood, 110 miles;
others, 17
miles; total operated, 259 miles. Chartered April 4,1837. Road opened
through to Oil City (132 miles) Feb. 2, 1870. Low-Grade Div., Red Bank
to Driftwood (110 miles) opened
May 4, 1874. The company became em¬
barrassed in 1874 and compromised with its creditors. It still falls short
of earning interest
liabilities, wliich amount to $1,630,000 a year, viz.:
on
mortgage bonds, $1,152,000, and on iucome bonds, $478,000. The
amount of income bonds authorized is $10,000,000; these receive all
revenue left after interest on prior liens, and any deficiency is made up by
additional issues. The incomefcoupon for Oct. 1, 1881, received $12 00
m casli and balance in bond
scrip. Of the income bonds the Pennsylvania

RR., Northern

Central and Philadelphia & Erie hold $4,587,000, the
interest on which is paid altogether in bond scrip; the bonds held by
individuals are paid in cash and scrip. Interest, &c., in 1880 in excess of
net earnings, $315,109. The
earnings, &c., for five years were as follows:

7
7
7
7
7
7
7

1,633,000
1,942,200
532,000

1,000

798,000

Freight (ton)
Net
Gross
Years.
Mileage.
Earnings.
Earnings.
98,029,140
$2,438,254
$1,083,796
}?7g
14,939,527
1877..... 19,833,405
106,609,036
2,492,080
1,144,972
18/8
15.974,054
84,077,541
1,910,222
915,727
94,606,809
1,745,316
761,835
J879
13,976,446
1880
16,119,027
107,352,410
1,919,528
832.301
-(V. 30, p, 463; V. 31,p.381; V. 32, p. 367, 525: V. 33, p. 440.)
Alliance d Jjake Erie.—June 30, 1879, owned from Alliance, O., to
Phalanx, O,, 23 miles. In progress in 1880. (V. 32, p. 551.)
Amador Branch—Galt, Cal., to lone, Cal., 27 miles. Leased in per¬
....

petuity from Jan.
otock,
$675,000.

Asheville




d

1, 1877, to Central Pacific—rental $3,500

per

Leland Stanford, President, San Francisco.

Spartanburg.—Road,

as

g.

g.

g.
g.
g.
•

Payable, and by

Stocks—Last
Dividend.

Whom.

Y., Jesup, P. & Co.

July 1, 1918

S.
1882
J. N.Y.,Farmers’ L. &T. Co
Jan. 1, 1908
J. N. Y.,B’k of Commerce.
Jan. l,;188l
J. N.Y.,Del. &Hud.Can.Co
July, 1888
N.
do
do
Nov., 1895-’97
O.
do
do
Oct., 1885
O.
do
do
April 1, 1906

J.

& J. N. Y., Winslow, L. &Co. March 1,1896
Jan’ary Harrisburg, Treasury. 100,000 y’rly.
A. & O. Philadelphia or London April 1, 1910
A. & O. Pittsburg, Co.’s Office.
Oct, 1. 1894

A.
J.
J.
F.

&
&
&
&

New York.
O.
J. N. Y., Cent. Pacific RR.
J. Charleston& New York.
A. Phil., Fid. I.T. & S.D.Co.
N. Y., Hanover N. Bk.
Q.—F.
New York.
Q.-F.
Boston.
Q.-F.
J. & J. Boston, North Nat. Bk.
A. & O.
do
do
A. & O.
do
do
J. & J.
Boston.
J. & J.
do
A. <fc O.
do
M. & S.
do
A. & O. N.Y., Nat.Bk. ofCom’ce
J. & J. Boston, North Nat. Bk.
J. & J. Boston, Everett N. Bk.
M. & S.
do
do
J. & J. Bost., N. Bk. of N. Am’a
J. & J.
do
do
J. & J. Boston, North Nat. Bk.
A. & O. Bost., N.Bk.of Republic,

1893
Jan. 1. 1907
Jan. 1, 1897

Aug. 1, 1908
May 1, 1905
May 1, 1905
Aug. 15, 1881
July, 1899
Oct. 1, 1900
1903

1882
Jan. 1, ’83-’88

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

burg, S. C., to Asheville, N. C., 67 miles, of which 48 miles, Spartanburg
Hendersonville, are in operation. Placed in hands of receiver Novem¬
ber, 1878. Capital stock, $1,000,000. (V. 32, p. 17, 396.)
Ashtabula & Pittsburg.—December 31, 1880. owned from Youngstown,
O., to Astabula Harbor, O., 62-6 miles. Organized as Ashtabula Youngs¬
town & Pittsburg in 1870, and road opened May 1, 1873.
Pennsylvania
Company, as lessees, guaranteed bonds up to January 1, 1877. Default
July 1, 1878, and property sold August 21, 1878. Existing company
organized September 25, 1878, and it is leased by Penn. Co., which pays
net earnings to A. & P. The common stock is $958,491 and preferred
stock $700,000. Earnings, &c., for five years were as follows :
Years.
Stock.
Bonds.
Earnings. Expenses.
Profits.
$1,817,582 $1,900,000 $266,641 $178,998 $87,643
1,817,880
2,000,000
176,993
227,206
50,213
1,671,867
1,500,000
271,658
181,731
89,927
1879
1,658,491
1,500,000
252,604
183,625
68,978
1,658,491
1,500,000
282,643
198,815
83,827
Atchison Colorado d Pacific.—In February, 1880, the Waterville &
Washington, Republican Valley, Atchison Solomon Valley & Denver and
the Atchison Republican Valley & Pacific railway companies were con¬
solidated into a new company called the Atchison Colorado & Pacific
Railroad Company, and a new first mortgage of $16,000 a mile, with
interest at 6 per cent per annum, issued to take the place of the first
mortgage bonds of the railroad companies named. The road is an exten¬
sion of the Union Pacific Central Branch, by which the bonds are guar¬
anteed and the road is controlled, and the whole system is virtually
owned and controlled by Union Pacific.
(V. 30 p. 221.)
Atchison Jewell Co. & West—Under same auspices and control at

preceding

company.
Atchison Topeka d Santa Fe.—Dee.
Main Line—
Miles.
Atchison to Kan. State line.. 471
Leased—
Kansas City to Topeka
66
Pleas’t Hill to Ced. June., Ka.
45

31,1880, mileage

was as follows:
La Junta to N. Mex. State L.
96
Col. St. L. to San Mareial,N.M. 354

Larny to Santa Fe

18

San Marcial to Deming, N. M.

128

Laurence, Kan., to Coffeyville

143

Emporia to Howard

76

Ottawa June, to Olathe

Florence to El Dorado
do
to Lyons
Newton to Wichita
Wichita to Arkansas River...

29

Cherryvalo to Harper

79

Ottawa J unction to Burl.....

Wellington to Caldwell
Kan. State L. to S. Pueblo,Col.

23
149

Pueblo to Rock vale. Col
The Kansas City Lawrence

27
69

37

32

166

Total leased
Owned jointly—

43

1,580

Burlingame to Manhattan....

57

Total controlled and

operated.2,108
& Southern Kansas was, acquired by
purchase of the stock iu Sept., 1880, and the 5 per cent bonds due
Sept. 1, 1920, issued therefor (V. 31, p. 559), with sinking fund of 1 per
cent a year.
On Feb. 1,1881, 25 per cent additional stock was issued
to stockholders at par.
(See V. 32, p. 43.)
The Kansas City Topeka & Western is leased, and the lessee pays
interest on the Kansas City Topeka & West, bonds as rental. TSie New
Mexico & Southern Pacific is leased for thirty years at 37 per cent
of gross earnings and a rebate of 15 per cent on all business to and from
the Atchison Topeka <fc Santa Fe Road. The 5 per cent bonds were
issued for stocks purchased, and 4*2 per cents for extension of the
line to El Paso, and have the 6 per cent mortgage bonds of the
Rio Grande Mexico &■ Pacific and the Rio Grande & El Paso roads
deposited as security for them. The sinking fund is 1*2 per cent, rising
to 3*2 by 1910.
A dividend of 50 .per cent in stock voted Oct. 7 to stockholders of
record October 24; also a subscription of 15 per cent new stock at par.
The total capital stock when all is issued—$54,337,500. See V. 33, p. 411.
A11 agreement was made in Feb., 1880, with the St. L. & San Fran., for
the joint construction of a line to the Pacific, under name of Atlan. & Pac.
For terms see St. Louis & San Francisco in this Supplement, and also
the circular published in Chronicle of April 24,1880
The company in
1879 was engaged in sharp litigation with the Denver *& Rio Grande. In
.

January, 1880, by terms of mutual agreement, the suits were all termin¬

for ten years, and a judicial decree
The annual report for 1880 was
Income, etc., for four
published in the Chronicle, V. 32, p. 442.
years was as follows:
ated. The agreement is to be binding
entered to affirm this settlement.

was

INCOME ACCOUNT.

1877.

1878.

1879.

1880.

$
1,191,856
Disbursem ents—
Rentals paid
Interest on debt

$

$

$

1,928,589

3,748,410

4,302,837

279,921
833,653

401,267
790,513

836,772
795,446
691,311
72,812

'

Dividends

45,799

Sundry debits
Gold

premium
Exp’scs Boston office.
Miscellaneous

Balance, surplus

month,

projected, extends from Spartan¬

g.

N.

pal, When Due.

to

Passenger
Mileage.

__

g.
g.

4*2

200,000

....

1,000

p. 283.)
Alabama New Orleans Texas d Pacific Junction.—The preferred or “A”
shares authorized are $12,500,000, and the deferred or “ B” shares

6
2
7
7
7
7
8
5
5

78,000
438,500
1,173,000
3,743,000
5,150,000
412,000
854,000

500 &c.

Alabama Central.—December 31, 1880, owned from Selma, Ala., to
Lauderdale, Miss., 96 miles; leased (M. & O.), 18 miles; total operated,
114 miles. Chartered as Alabama &, Mississippi February 17, 1850, and
road opened from Selma to York (81 miles) Aug. 10,1863.
Subsequent¬
ly name changed to Selma & Meridian, and June 21, 1871, re-organized
as Alabama Central.
Default January 1, 1872, and finances re-adjusted
in 1878. Road opened from York, Ala., to Lauderdale, Miss. (14 miles)
Nov., 1878. Capital stock, $2,000,000; lirst mortgage (on 95 miles) 6
per cent 40-year bonds, due July 1, 1918, $1,000,000. Income mortgage
8 per cent (if earned) 40-year bonds, due July 1, 1918, $1,400,000;
total stock and bonds under re-adjustment, $4,400,000. Gross earnings
in 1879, $204,319, and expenses, $144,236; net traffic, $60,083. In 1880,
gross earnings were $229,105; net, $56,095. (V. 27, p. 40, 566; V. 32,

6

134,500

‘

....

7-30
5
7
7
7 g.
6
7 g.
6

1,500,000
3,672,000
542,000
31,500,000
7,041,000
2,915,500

100
500 &c.
500 &c.

....

3*2
7
6
7
7

400,000

1,000
1,000
1,000

....

6 g.

3,500,000
1,000,000
1,000,000
1,807,000
2,605,000
2,166,500
4,000,000
3,000,000
10,000,000
7,571,800
150,000
675,000

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

867

....

.

100

....

65

do

1,000

....

....

Rate per "When Where
Cent.
Payable

Outstanding

7881
8
Allegheny Valley— Stock
General mortgage (Riv. Div.)

Amount

Value.

95
233

Bonds—Priuci

INTEREST OR DIVIDENDS.

Size,

*

Included in

25,734
17,733
14,124
20,691
1,191,856

operating expenses.

4,083
30,199

40,490

864,273
734,527

1,727,195
35,125
*

22,108

634,620
1,928,589

1,311,579
3,748,410

941,717
4,302,837

STOCKS

KAILROAD

XVI

Subscribers will confer a great favor by
DESCRIPTION.

For explanation of column headings, &c., see notes
on

first page

of tables.

Atchison Topeka d Santa Fe— (Continued.)—
Marion & McPherson, 1st rnort., guar
Pleasant Hill & De Soto, 1st M., gold
Florence El Dorado & W., 1st mortgage, gold
New Mexico & So. Pacific—1st mortgage,
Atlanta d Charlotte.—New pref. mort

31

Income bonds (non-cumulative)
Atlantic d St. Lawrence—Stock ($5,457,100 stg.)..
1st mort. to City of Portland (sinking fund)
2d mortgage, sterling, 5-20 years
3d
do
do
do

Augusta d Savannah—Stock
Bald Eagle Talley—Gen’l mort.,(s. f. $4,000 per yr.)
Baltimore d Ohio—Stock
Preferred stock

Loan, 1853

....

150
150
53
54
595

421
.

Bonds on Parkersburg Branch
Northwestern Virginia, 3d mortgage, 1855-85 ...
Bonds to State of Maryland
Baltimore d Potomac—1st M (tunnel) gold, s. f. 1 p. c.
1st mort., road, gold, coupon, s. f. 1 per cent

income, road and tunnel, reg

263
104
....

1*2
89
90

....

....

£100
£100
100

1880

1,000
100
100

i853

m

m

m

m

£100
£200
£200

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

1875

(under control of the Richmond & Danville Railroad), extending from
Richmond, Va., to Atlanta, Ga., 550 miles. Capital stock $1,700,000.
Total receipts in 1880, $951,688; expenses, $587,550; net, $364,137.
Interest, &c., $337,700. Surplus, $26,437. Two per cent paid on incomes,
April, 1881. (V. 30, p. 272, 432; V. 32, p. 443.)
Atlanta d• Wert Point.—June 30, 1881, owned from East Point, Ga., to
West Point, Ga., 81 miles; leased, 6^2 miles; total operated, 87^ miles.
In April, 1881, a controlling interest in the stock was purchased by W.
M. Wadley and others for the Central Georgia, and a stock dividend of
100 per cent was afterward declared. Besides the stock there are
outstanding $65,000 in 8 per cent debentures. Gross earnings in 1879-80,
$368,130; net, $153,319; in 1880-81, gross, $418,054; net, $107,634.
—(V 29, p. 300; V. 31, p. 121 ; V. 32, p. 444, 635 ; V. 33, p. 224.)
Atlantic d Pacific.—Road completed from Albuquerque, on Atchison
Top. & Santa Fe, beyond Fort Wingate, 200 miles, anti in progress thence
to Big Colorado River. The company is building a Pacific line, of about
600 m les, in connection with the Atcli. Top. & Santa Fe and the St. L. &
Say Fran., which companies guarantee 25 per cent of the gross earnings
over their respective lines to and from this road, one year after its comtoiuls
{detion, provided withown earnings are insufficient bonds*for cacti $1,000
bonus of $750 in income to pay coupons. The
sold, its
a

first mortgage. The coupon bonds are $1,000 each and registered bonds
.$5,000 each. The stock authorized is $100,000,000, and issued to July,
1881, $19,760,300, of which nearjy all is owned by the Atcli. Top. & S.
Fe and the St. Louis *fc San Francisco companies equally, and he’d in
trust for 30 years for those two companies. The land grant claimed
under the old Atl. & Pacific grant is 25,600 acres per mile in Territories
and 12,800 acres in States, and on completion of the tirst 50 miles, Oct.,
1880, the U. S. Attorney General held the company was entitled to lands
on that section.
See Chronicle, V. 30, p.433; V. 31, p. 204, 428, 452,
482. 531; V. 32. p. 182, 676 ; V. 33, p. 99, 356, 357.)
Atlantic d St. Lawrence.—June 30, 1880, owned from Portland, Me., to
Island Pond, Vt., 149l2 miles, there connecting with Grand Trunk of

years, August 5, 1853, at a rental

equal to 6 percent on stock and bond interest. Capital, $5,484,000,
of which $27,000 is in U. S. currency.
(V. 27, p. 147.)
Augusta d Savannah.—Sept. 1, 1880, owned from Milieu to Augusta,
Ga., o3 miles. Chartered as Burke County in 1838 and opened in 1854.
Leased to Central of Georgia for $73,000 per annum. Has no bonded
debt. The capital ($1,022,900) represents its cost. Dividends of 3*2 per
cent are paid June and Dec. each year. Has a considerable surplus fund.
Bald Eagle Yallcg.—December 30, 1880, owned from Vail Station, Pa.,
to Lockhaven, Pa., 51 miles; branch, Milesburg, Pa., to Bellefontc, Pa
3 miles; total operated, 54 miles.
Opened December 7, 1864, and
leased
to
Pennsylvania Railroad Company for 99 years.
The
branch is the joint property of the lessors and lessees. Rental, 40 per
cent of gross earnings.
Interest, $24,000, and dividends (January and
July, each 2*2 per cent), $27,500 4 per cent declared Julj’, 1881. Stock,
$550,000. The general mortgage, dated Jan. 1, 1880, was provided for
the replacement of the two series of bonds.
In January, 1881, pur¬
chased the Bellefontc & Snow Shoe road for $300,000, as reported.
-(V. 27, p. 486; V. 32, p. 99, 396.)'
Baltimore d Ohio.—September 30, 1880, mileage was as follows:
,

3

Miles.

Leased and controlled—

Relay House to Washington..
Parkersb’g, W.Va.
Wheeling to Washington, Pa.
Pittsburg to Cumberland,Md.
Grafton to

Hickman

Run

Junction

31

104
32
150

to

Jimtown. Pa
Total owned
Branches leased-Hyattsville to Shepherd. Md.
Winchester to Harper’s Ferry

Winchester to Strasburg
Strasburg to Harrisonburg...

Total branches leased
Total B.&O. main and brclies.




435

13

Broadford to Mt. Pleasant,Pa.
Connells ville to Uniont’n, Pa.
Bellaire to Columbus, 0

32

Sandusky to Newark, O

19

Newark, O., to Shawnee, O...
Chicago Junction, O., to Illi
nois Junction, III

49
113
548

1875-690./

787,000

1,499,916

'

10
13

137
116
44

263

Total leased and controlled
902
Tot. operated Sep. 30,1880.1,450
...

Stocks—Lust
Dividend.

Oct. 1, 1909
1907
July 1, 1907

April 1,1909
April 1,1897
Jan. 1, 1907
April 1,1900
Aug. 1, 1881

*

712,932.
1,022,900
400,000
14,792,566
5,000,000

3*2
6
5
3
6
6
6 g.
6 g.

1,710,000

2.755,110

1870
1855
1872
1874
1875
1877
1879
1855
1878
1871
1871

In 1881 the road was leased to the Richmond <fc Danville Railroad Co.
Tin1 line forms the Southwestern Division ot the Piedmont Air-Line

Bridges

J. &*J.
A. & 0.
M. & S.
M. & N.
A. & O.
M. & N.
J. *k D.
J. & J.
M. & N.
J. & J.
A. & O.
M. ik S.
J. & J.
M. & S.
M. <fc N.
J. & J.
J. & D.
A. & O.
J. & J.
J. & J.
J. & J
A. & O.
J. & J.

4,250,000
452,000
4,232,200
1,232,200

1000&C.
50 &c.
£100

1876, and purchased by the bondholders, who formed the existing cor¬
poration February 27, 1S77, and possession was taken April 16, 1877.

..

6
3
6
6 g6 g.

500,000

i881

Land grant estimated to be 2,932,784 acres, of which 1,016,431 acres
sold to January 1, 1881; in 1880, 78,241 acres were sold, for
$390,327, or $4 99 per acre. (V. 30, p. 16, 42, 143, 168, 191, 383. 408
433,491.504, 533, 543,674; V. 31, p. 109,381, 428,482,559, 588,
606; V. 32, p. 43, 99, 182, 420, 431, 442; V. 33, p. 23, 357, 411.)
Atlanta d Charlotte Air-Line.—Dec. 31, 1880, owned from Charlotte,
N. C., to Atlanta, Ga., 269 miles. Successors of Richm. & Atl. Air-Line,
which was a consolidation (1870) of three separate lines in No. Carolina,
So. Carolina and Ga. The whole road was opened for traffic Sept. 28,
1873. Soon after completion default was made, and the property passed
to a receiver November 25, 1874. Sold under foreclosure December 5,

Miles.
Balt, to Wheeling (main)
370
Branches—To Locust Point
5
Camden cut-off
2
Junction to Frederick City.
3
Pt. of Rocks to Washington
43

6g.

18,750 p. m.
5,484,000

5,610,000

500
100

were

Canada, to which leased for 999

A. &
A. &
A. &
A. &
A. &
J.
A. &
J. &

25,000 p. m.

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

pal,When Due,

0. Bost., N.Bk. of Republic
O. Boston, Everett N. Bk.
O. Boston, Bk. of No. Am.
Boston.
0.
O.
New*York, Office.
J.
do
O.
J. Atlanta, Ga., atTreas’y.

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

120,000
310,000

1864
1871

-Bond*—Princi

Rate per When Where Payable, and by
Whom.
Cent.
Pay’ble

$604,000

500

150

(payable$40,000y’ly)

Loan, ster., (s. f. £7,500) lien on Chic, line bonds

r

Outstanding

$1,000

1880
1880

4ii

Sterling mortgage, siukiug fund
Sterling mortgage, sinking fund

were

Amount

1877
1877
1878
1877
1877
1880

87
....

....

do
1870 .sterling, £800,000, sink, fund
Baltimore loan, lS55-’90, sink, fund

2d mortgage,

380

265*2
265*a

Mortgage bonds

[Vol. xxxm.

INTEREST, OR DIVIDENDS.

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

1879

gold—

BONDS.

giving immediate notice of any error discovered in tbese Tables.

44

Income bonds, registered (not cumulative)
Atlanta d West Point—Stock
Debenture certificates for dividend
Atl.d Pac. —lstM.,g.,s.f.,cp.or rcg.(for $25,000,000)

Purchase of Connellsv. RR

AND

2,718,748
8,326,115
8,981,136
800,000

6 g.

6

7,744.000

5

3,000,000
140,000
366,000
1,500,000
3,000,000
2,000,000

6
6
6
6 g.
6 g.
6

New York and Boston.

July 1, 1910
Oct.

1,

1910

London, Gr. Trunk Rw. Mar. 15, 1881
Nov. 1, 1888
Oct. 1, 1884

London, Gr. Trunk Rw.
do
do
Savannah.

■

May 1, 1891

Ph i la., Far. <fe Meeh. N.Bk
Baltimore Office.

June 2, 1881
Jan. 1, 1910
Nov. 1, 1881

Balt., Merchants’ Bank.

July, 1881

Baltimore Office.
London.

1885
1895

Baltimore, Office.

1890
Mcli. 1, 1902
1910

London.

London, Speyer Bros.
Baltimore, Office.

1881-1900

Lon.. J. S. Morgan & Co.
Balt. &N.Y.,D. M &Co.

June 1, 1927

April 1,1919

Balt., Balt, & O. RR. Co.

1885

do

do

July 1, 1888
July 1, 1911
April 1, 1911

or London or N.Y.
Phila., Penn. RR. Co.
Baltimore.

Balt,

Jan.

1, 1915

report is given in the Chronicle, Vol.
31, p. 533, ami the following extracts are quoted therefrom. The sub¬
joined shows the reduction of the debt during the fiscal year :
REPORTS OF OCTOBER 1, 1879 AND 1880.
An abstract of the last annual

1879.

Bills

1880

$2,420,000

$968,000

539,000
620,507

Sterling debentures due

440,000

payable

Sterling obligations and loans

1.408,000
$$3,579,507
reduction during the year of
$2,171,507
Add payments on account of the principal of debt and of the
659,308
sinking funds during the fiscal year
Total

Showing

a

$2,830,000

Aggregate reduction

The profit and loss account shows an increase for the year of $2,356,984.
It will be seen by this account that the nominal surplus fund, Which

represents invested capital derived from net earnings, and which is not
represented by either stock or bonds, now amounts to $40,561,642.
The gross and net earnings of the main stem and its branches and of
the other divisions, for the last fiscal year, as compared with 1878-79,
were as

follows:

•

,—Earnings, 1879-80.—v —Earnings, 1878-79.—,
Gross.*”

Main Stem, <fec

Washington Branch..
Parkersburg Branch

314.405
860.160

Central Ohio Division
Lake Erie Division

1,003,565

.

847,221

...

Chicago Division
Pittsburg Division
Wheeling Pittsb. & B.
....

Newark 8. & S. RR...

.

.

Gross.

Net.

$11,229,850 $5,172,980

1,548,994
2,238,481
50,380
224,649

Net.

$8,864,826 $8,341,245
223,674

371,829
311,454
208,853
566,673

285,006
634,914
846,512
639,821
1,153,852

1,011,827

1,598,113

8.594

41,193

732,282
7,598

88,259

129,739

45,661

246,496

195,578

272,700
189,114
494.530

$18,317,740 $7,986,970 $14,193,980 $6,502,384

Total

The aggregate working expenses of the Main Stem, with all branches
and divisions, were 56-39 per cent of the wdiole gross revenue, being
2-21 per cent more than the preceding year. Seven hundred and fifty
miles of track of the Main Stem and branches east of the Ohio River are
now laid with steel rails. 'The increased cost of steel thus continuously
substituted for iron rails has been charged to the repair account as uni¬

formly heretofore.
It is shown by the report of the transportation department that the
tonnage of through merchandise east and west has been 1,980,397 tons,
against 1,425,629 tons in 1879; 1,149.499 tons in 1878; in 1877 this
traffic was 1,047,645 tons; for 1876, 1,093,393 tons; for 1875, 872,101
tons; for 1874, 752,256 tons; for 1873, 640,265tons; for 1872, 557,609
tons; and for 1871, 435,207 tons. The coal trade of the Main Stem
shows an aggregate of 2,225,146 tons, which includes 423,256 tons for
the company’s supply, being an increase of 659,142 tons over the pre¬
ceding year. Results of operating “main stem and branches’’for five
years:
Years.

Gross

Earnings.

$9,632,361
8,262,045
8,563,956

Net Earnings.

Operating Expenses.
$5,411,635=5618 p. C.
4,605,151=5573

$4,220,726

3,656,893
4,039,611
4,341,245
4.523,581 = 5102
8,864,826
5,172.980
6,056,900=53-93
11,229,880
Dividends for 5"years, 1872-77.10 per cent; for 1877-78, 7^2 per cent;
for 187S-79, 8 per cent; for 1879-80, 9 per cent. The three dividends
from May, 1878, to May, 1879, inclusive, were paid in stock. Results of
operating all lines owned and controlled for the five years 1875-80:
Years.
Gross Earnings.
Operating Expenses.
Net Earnings.
15,031,236
$9,609,857=63-94 p. c.
$5,421,379
4,982,80o
13,208,860
8,226,055=62*28 “
5,995,978
13,765,279
7,769,301=5644 “
6,502,385
14,193,980
7,691,595=54-18
7,986,970
18,317,740
10.330,770=56-39
4,524,344=52-83

230, 266, 299, 312, 334, 437; V, 33, p. 411.)
owned from Baltimore, Md., to
Bowie, Md., 24 miles; Bowie to Pope’s Creek,49 mi’es; branch—Bowie
to Washington, I). C., 17 fhiles; total operated, 90 miles. Chartered m
1853; road opeued to Washington in 1872 and to Pope’s Creek m 187o*
Baltimore Tunnel opened in summer of 1873. The road is controlled py

V. 32, p.

Baltimore d Potomac— Dec.31,1880,

wholly held by Penn. RR. Co.

(V. 28, p. 598 ; V. 30, p.

493, 588.)

•

EAILEOAD STOCKS AND BONDS.

1881.]

October,

xvli

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables.
DESCRIPTION.
For

Miles

explanation of column headings, Ac., see notes
on

first page of tables.

Belleville d South. Ill—1st M., s i nit’g fund, guar
Belvidere Del.—1st mort. due 1877, extended, guar.
2d mortgage bonds of 1854 (guar, by C. A A.)
3d mortgage bonds of 1857 (
do
do )
Consol, mortgageof 1876
Bennington d Rutland—1st mortgage

Berkshire—Stock
Boston d Albany—Stock

Plain bonds, coupon or registered
Loan of 1875, coupon or registered
Boston Ban'e d Gardner.—1st & 2d mortgages
Bost. Cltn.d Fitchb.d N.B.—Stock ($1,750,100 pref.)

Agricultural Branch
Mortgage bonds 1869-70
1st mortgage,

1875-69.03
Bonds

56
64
64
64
84
59
22
324
....

m

Equipment notes
by lease to Old Colony
Boston Concord d Montreal—Old preferred stock...
Bonos, guar,

Com. and new

pf. stock (new pf. stock is $540,400)

Sinking fund bonds
Consolidated mortgage bonds (for $2,000,000)....
Improvement mortgage bonds
Bost.Hoosac Tunnel dWest.—Stock(for $10,000,000)
let mortgage, gold ($25,000 per mile)
Boston d Lowell—Stock
Bonds
Bonds

m

m

m

....

120
166
....

....

160
166
26

82
....

....

Lowell A Lawrence
Salem & Lowell
Boston d Maine—Stock.

•

or
Par

Value.

$1,000

1872
1875

1854
’69-'70
1876
....

1880
....

1,000

1,200,000

100
100

1,000
1,000
....

....

1,000

500 Ac.
100
100

1873
1881
....

100 Ac.
200 Ac.
500
....

1872

1875
1876
1879

....

....

....

„

_

.

58

620,000

200,000
226,900

7,000,000
3,500,000
500,000

1,000

Belvidere Delaware.—Dec. 31, 1880. owned from Trenton, N. J., to
Manunka Chunk, N. J., 67 miles; Millham Cut-Off, 1 mile, Flemington
Railroad, 12 miles; total operated, 80 miles. Chartered March 2, 1853,
and opened Nov. 3,1865. Leased to United Companies, and transferred

to

Pennsylvania Railroad March 7, 1876, by which operated as their
Belvidere Division. Rental, all surplus earnings; but the first, second
and third bonds are guaranteed. Capital stock, $994,050.

Q.-J.
Q.-J.

F. & A.
J. A J.
A. & 0.
....

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

Where Payable, and by
Whom.

& 0.
N. Y., 39 Wall street.
& D. Philadelphia, Pa. RR.
& 8.
Philadelphia.
& A. Philadelphia, Pa. RR.
& J. Treasurer, Trenton,N.J.
& N.
N. Y., Union Trust Co.

&
&
&
&
&
&

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

Stocks—Last
Dividend.

Oct.

1, 1896

1902
1885

1887
Jan.

1, 1916
1, 1907
Stockbridge, Treasurer. July 1. 1881
Boston, Office.
Sept. 30, 1881
do
Feb. 1, 1892
do
July 1, 1895
Worcester, City Nat. Bk. April 1, 1893
Boston, Office.
Oct. 15,1881
Boston, Boston N. Bank July 1, 1884
do
do
do

do
do
do

Nov.

1889 A '90
June 1, 1896

’81,’82,'83/85
Boston, N. E. Trust Co. Jan. 1, 1910
Boston, Office.
May 9, 1881

J. & J.
A. & O.
J. & J.

6 g.
2
7
7
6
5
6
6
4
7
5

750,000

500 &c.

Belleville d Southern Illinois.—Dec. 31,1880, owned from Belleville
HI., to Duquoin, Ill., 56 miles. Chartered Feb. 15, 1857; opened Dec. 15
1873, and leased Oct. 1,1866, to St. L. Alton & Terre Haute Railroad Co’
Lease rental 40 per cent of gross earnings up to $7,000 per mile; 30
per cent above $7,000 and up to $14,000 per mile, and 20 per cent on
any excess of $14,000 per mile. Rental for 1879, $116,490; for 1880,
$147,344. Interest on bonds and sinking fund $5,000 per year, guar¬
anteed by lessees, Common stock, $430,000; preferred 8 per cent stock,
$1,275,000, non cumulative. Dividends on preferred stock have been:
2% in 1881; 4^ in 1880; $1 05 in 1879; 62c. in 1878; 68c. in 1877; 65c.
in 1876; $1 80 in 1875; $1 in 1873. Operated in connection with the
Belleville Branch of St. Louis Alton & Terre Haute Railroad, and ex¬
tended from Duquoin to El Dorado, 50 miles, by the Belleville & El
Dorado Railroad Co. Except on coal and ore, contributes business of
Belleville & El Dorado Co. 30 per cent.

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

6

(?)
3,940,000
999,500
500,000

i00
1873-4
1880

When

Payable

Bonds—Princi¬

pal,When Due.

J. & J.
A. & O.
M. & S.
J. & J.
,T. A J.
A. A 0.
A. A O.
M. A N.
J. A J.
F. A A.

Boston, Office.
do
do

1889
1898
1911

do
do

800,000

500
....

"

500.000

1,000

....

8
6
6
6
7
7

475,000
600,000
1*
2
20,000,000
7
5,000,000
6
2,000,000
5
554,000
3,047,700 3h2 onpf.
6
400,000
7
799,600
7
528,000
6
870,000
5
1,500,000
3
800,000
1,000,000
6
202,000
6 & 7
1,905,500

1188775--9609..

1,000
1,000

204

Bonds, coupon and registered
Boston d New York Air-Line—1st mortgage

1875-960
1876-

1,000

....

1858

Rate per
Cent.

Outstanding

500
500

100 Ac.
....

Amount

$1,059,000
1,000,000
499,500
745,000

1,000

....

1881
....

Bonds
Bonds

1866
1877
1854
1857
1876
1877

38*2
151
29
43

INTEREST OR DIVIDENDS.

Date; Size,

of
of
Road. Bonds

Tail ’

New York and London.

r

Boston, at Office.
do
do
do
do
do
do

do
* do

do
do
do
do

Boston, at Office.
do
N.

do

July 1, 1881
April 1, 1892
March 1,1895

July 1, 1896
July 1, 1899
Oct.
Oct.

1, 1897
1, 1898
May 16, 1881
Jan., 1893A94

Y., Hatch A Foote.

Boston Concord, d Montreal— March 30,1881, o\vned from
Concord,
N. H., tc Wells River, N. H., 94 miles; branches—Wells River, N.
H., to

Groveton Junction, 51 miles; Wing Road to Mt. Washington, 22 miles;
total operated, 167 miles. Chartered in 1844 and road opened in 1853.
Purchased White Mountain Railroad (53 miles) in 1872, and built the
Mt. Washington Branch (20 miles) in 1874. An extension of the White
Mountain Railroad from Littleton to Groveton Junction is
mortgaged.
Fiscal year ends March 31.
Gross

Years.

The old

Miles.

Earnings.

160
167
167

$693,355
649,308
654,272
590,550

167

167

678,123
797,556

167

preferred stock ($800,000) has received 3

amountmg to $48,000

a year.

stock has

paid dividends.
334, 444, 635 ; V. 33, p. 384.)

mon

Expenses,
Taxes, Ac.
$511,343

Boston Hoosac Tunnel d

457^77

453,172
388,932
477,251

586,172

Available
Revenue.

$182,012
1&1,931
201,100
201,618
200,871
211,383

per cent semi-annually,

Neither the new preferred nor the com¬
(V. 28, p. 577; V. 30, p. 599 ; V 32, p.

Western— Sept. 30, 1881, owned from Mas¬

sachusetts State Line to
Bennington d Rutland.—December 31, 1880, owned from Rutland Hoosac Tunnel, Mass., to Schenectady, N. Y., 57 miles. Projected line,
Oswego and Buffalo, N. Y. W. L. Burt, Presito Bennington, Vt., 57 miles;
branch, North Bennington to New dent,Boston, Mass. (V.31,
p. 370; V. 32, p. 69, 500, 611, 635 ; V. 33, p.
York State Line, 2 miles; total, 59 miles.
as Western
Chartered
384.)
Vermont in 1845, and completed in 1854. Leased in 1857 to
Troy &
Boston for 10 years at $36,000 per annum. Consolidated in Harlem
Boston d Lowell.—Sept. 30,1880, owned from Boston to Lowell (double
extension in 1870, and leased to Central Vermont in

1873, but lease
by lessees. Since September 10,1877, the Vermont division
(as above) operated by the re-organized Bennington & Rutland. Stock
$1,004,000 (par $100), and bonds $475,000; total, representing cost of
road ($25,068 per mile), $1,479,000. Interest liability, $32,250 a year.
abandoned

Berkshire— Sept. 30, 1880, owned from Connecticut State Line to
West Stockbridge, Mass., 22 miles. Chartered in 1837, and road opened
in 1842. Leased in perpetuity to Housatonic Railroad Company at 7
per cent on capital stock and cost of road ($27,273 per mile), $600,000.
Lessors pay taxes, &c., which reduced the dividends to less than 6 per

cent, and the quarterly dividend due in October is usually omitted.
as

the Housatonic’s main line in Massachusetts.

Used

Boston d Albany.—Sept. 30, 1880, owned from Boston, Mass., to
Albany, N. Y., 202 miles; Springfield to Athol, 49 miles; numerous
branches, 48 miles; leased lines, 74 miles ; total operated, 373 miles.
The B. A A. was formed (Dec., 1867) by the consolidation of the Bost.
& Worcester and the Western railroads. Results of operations for five
years were as follows:

Years.

Passenger

Miles.

Gross

Net

Mileage.
Receipts.
Receipts.*
110,644,410 301,624,988 $7,074,758 $2,391,764
103,278,126 313,822,671
6,780,597
2,167,831
101,221,955 329,708,573
6,633,534
2,219,536
101,248,321 325,484,799
6,427,463
2,703,638
113,154.374 375,452,804
7,741,118
2,492,618
Net receipts include income from rents, Ac.
322
322
322
324

*

Freight (ton)
Mileage.

Div.
p. ct.

9
8
S
8
8

and

steel), 27 miles; branches—Salem A Lowell, 17 miles; Lowell &
Lawrence, 12 miles; others, 19 miles; leased, Middlesex Central and
branch, 12 miles; total operated, 87 miles. Chartered in 1830, and line
between Boston A Lowell opened in 1835. The Lowell & Lawrence and
Salem A Lowell Railroads, operated for some years under lease, were
purchased and consolidated in 1879, the B. & L. assuming tneir bonds,
which cannot be paid off before maturity. A Joint business was formerly
done between the Boston & Lowell and the Nashua <se Lowell, but from
December. 1878, they were under separate managements until the B. &
Lowell leased the N. A L. for 99 years from Oct. 1,1880, but the lease

held invalid. The B. & L. has made a contract with the Mass. Cen¬
tral to operate the latter road when completed.
$650,000 new stock
issued in January, 1881, the holder of five shares of old being entitled
to take one share of new stock at par.
was

Years.

....

Dividends

Gross

Net

Receipts.
$1,137,768
1,0S 1,066

Receipts.
$348,007

1.198,962

392,530

1,399,316

422.698

319,523

,

■Payments
Rentals, lut. & misc. Div.,p. e
$93,309
$145,890
94,718
116,349
2
67,598
3
161,890
4,292
259,318
4

8 per cent up to close of 1873 ;
per cent in 1873-74.
—(V. 28, p. 624; V. 30, p. 42; V. 31, p. 482, 509, 557; V. 32, p. 39, 43;
V. 33, p. 225, 254, 357.)
were

Boston d Maine—Sept. 30,1880, owned from Boston, Mass., to Portland,
Me., 115 miles; branches, 11 miles; leased—Wakefield to Danvers, 10
miles; Lowell to Balhlrdville, 10 miles: Bradford to Newbury port and
Danvers, 27 miles; West Amesbury to Newton, Mass., 4 miles; Dover,
N. II., to Alton Bay, N. II., 29 miles; total operated, 206 miles, less 3

Stock increased from $19,664,100 to $20,000,000 in seven
years, and
bonds from $3,037,000 to $7,000,000. Cost of road, Ac., October 1, miles leased. Main line one-third double track and all steel rail. Char¬
1872, $24,301,752, and September 30, 1880, $27,514,116. (V. 29, p.. tered in 1839, and road completed to South Berwick in 1845 and to
Portland in 1873. From 1843 to 1873 the Portland Saco & Portsmouth
328,488; V. 30, p. 600; V. 31, p. 44, 152, 412; V. 33, p. 224.)

Boston Barre d Gardner.—Sept. 30, 1880, owned from Worcester to
Winchendon, Mass., 37 miles. Chartered in 1847, and road completed
in 1874. Leased Monadnock RR. |for 99 years from October
1,1874,
and lease transferred to Cheshire RR. in June, 1880.
Interest has
been reduced to 5 per cent. Interest liability at 5 per cent,* $27,715.
Gross receipts in 1879-80, $183,366; net, $40,454. (V. 29, p. 40, 406;
Yl32, p. 444; V. 33, p. 200.)

Railroad
Years.

1S79-80

was

leased in

partnership with the Eastern Railroad.

Gross

Earnings.

$2,278,457
2,173,202
2 100,741
2,149,857
2,438,270

—(V. 29, p. 535; V. 30,

Expenses
& Taxes.

Outside Av’il’ble Div.
Net
Earnings. Receipts. Revenue, p.c.
$1,523,966 $754,162
$92,162 $846,653 3
1,518,854
654,348
93,817
748,165 5
1,359,367
83,717
741,317
825,091 6
1,354,755
795,102
88,964
884,066 6
1,511,018
927,252
94,382 1,021,634 7^
p. 15; V. 31, p. 556; V. 32, p. 15.)

Boston Clinton Fitchburg dXcw Bedford— Sept. 30,1880, owned from
Boston d New York Air-Line.—April 30,1881, owned from Now Haven,
New Bedford, Mass., 91 miles; branches, 34 miles;
leased, Framingham & Lowell RR., 26 miles; total operated, 151 miles. Conn., to Willimantic, Conn., 50 miles; leased Turnerville to Colchester,
Consolidation (June 1,1876) of theB.C. & F. and theN.B. railroads, both 4 miles; total operated, 54 miles. Formerly the New Haven Middleof which had been consolidations of other
original lines. The Framing¬ town & Willimantic. In 1879 a pooling agreement (for 99 years and 8
ham & Lowell is leased for 998 years and 4 months from
October, 1879. months from Feb. 1,1879) was mado with the N. Y. New Haven & Hart¬
The whole property was leased (Feb. 1,1879) to the Old Colony Railroad ford RR., under which the B. & N. Y. A.-L. received 6
per cent of the
Co. for 999
years, the lessees agreeing to pay as rental 1023 per cent of gross earnings of all lines operated, out of wliich its operating expenses
the gross earnings of the consolidated roads. The rental and other are
paid. By arbitration in 1880 the percentage was reduced to 5 per
income for the year ending Sept. 30, 1880, was $381,597, which left, cent for five years. Common stock, $818,000; pref. stock, $2,767,500;
after paying all charges, a surplus of $82,637 applicable .to dividends.
par $100. There are also $232,500 N. H. M. & W. RR. bonds, con¬
The preferred stock takes 7
vertible into stock. Net earnings, $156,872. One per oent dividend
per cent per annum first, and after 7 on the
common, it is not certain as to the division of any surplus. (V. 28, p. paid on pref. Aug. 20,1881. (V. 29, p. 621; V. 30, p. 66, 599; V.31,
40,120; V. 30, p. 221.)
p. 152, 357, 381, 588; V. 32, p. 635; Y. 33, p. 411.)

Fitchburg, Mass., to




column headings, Ac., see notes
tirst page of tables.

For explanation of

boston db Providence—Stock
Bonds to purchase branches, coupon or

Milos
of
Road.

1875-690.~

payable in cash or 1st M. bds.
_

..

South Side, 1st mortgage
.New mort. (for $1,000,000)
Mortgage on Roekaway Branch

BuJf.Brad.dk Pitts.—Gen. M.,(incl. 10,000 ac. I’d)
Buffalo New York db Erie—Stock
first mortgage
Buffalo N. 1. db Philadelphia— 1st mort., gold
2d mortgage
•
Buffalo Pittsburg db Western—Common stock
Preferred stock: (6 per cent. Not cumulative)
.Mortgage bonds (for $7,500,000), coup
1st mortgage (W. A F. RR.)

RR.)
,

Buffalo db Southwestern.—Stock
Mortgage bonds
Burlington C. Rapids db Northern—Stock
1st mortgage
Iowa City A Western, 1st mortgage, gold, guar..
Cedar Rap. I. Falls A N. W., 1st mort., gold, guar.
Burl, db Southwest.—1st mort., main line, cp. or reg.
Cairo db St. Louis—1st mortgage
Cairo db Vincennes—Stock ($2,000,000 is pref.)

California Pacific—1st mortgage, gold
:...
2d mortgage, endorsed by Central Pacific
3d mort., guar, by C. P. ($1,000,000 are 3 p. c.) .
*California Southern— 1st mort. ($25,000 per mile).
Camden db Atlantic—Stock ($880,650 of it pref.)—
1st mortgage (extended 20 years in 1873)

Size, dr

Amount

-

54
69
26
142
140
121
121
294
294
274
50
38
25
120
67
67
369
73
55
90
144
157
114
111
114
67
60

1867
1881

Par
Value.

Outstanding

$100

|Bonds
1873
1879
1881
1881

registered

JBrooklyn db Montauk—Stock ($1,100,000 is pref.)

Boston db

Date
of

64

Brooklyn Elevated— 1st mort., gold

1st mortgage (Oil Creek RR.)
1st mortgage (Un. A Titusville
2d mortgage (Pitts. T. A B.).

discovered in these Tables,

INTEREST OR DIVIDENDS.

DESCRIPTION.

Receivers’ certitic’s,
Income bonds

[Yol. xxxni.

giving Immediate notice of any error

Subscribers will confer a great flavor by

on

AND BONDS.

STOCKS

BAILROAD

xviii

$4,000,000
1,150,723
1,456,000
344,584
2,000,000

1,000

ioo

750,000
250,000
60,000
580,000

500 Ac.

100

1876
1871
1878

1881
1865
1862
1870
1876

4
7
6 g-

500,000

•

1,000

=

Rate per
Cent.

1,000
500 Ac.
500 Ac.
50
50

....

....

....

3i*
7
6 g.
7 g-

Q.-M. Buffalo, F.A M. Nat. Bk.
•

....

1867
1871
1875

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

1,000
1,000
500

50
1853

Providence.—Sept. 30, 1880, owned from Boston, Mass., to

^V896

....

6 g7
7
7
7

A.
F.
A.
J.
F.

New York, Agency.
O.
A. Phila., E. W.Clarke A Co.
O. Phila., Manuf’rs’ N. Bk.
J. Phila., E. W.Clarke A Co.
A. Phila., Manuf’rs’ N. Bk.

&
&
&
A
&
.

.

.

.

.....

....

....

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

1921

1896
1882
1890
Feb. 1, 1896

•

N.

Y., First Nat. Bank.

...

6,500,000
584,000

825,000
1,800,000
2,500,000
5,500,000
2,250,000
1,600,000
3
3,000,000
2,088,000
1,258,050 31*
490,000

1,000

Providence, R. I., 44 miles; branches, 20 miles; leased, Attleborough to
North Attleborough. 4 miles; total operated, 68 miles.
Chartered
In 1831, and road opened in 1835. The company have valuable depot

Jan. 1, 1898
June 1, 1881
Dec. 1, 1918

•

5,500,000

100 Ac.

Nat. B’k Mar. 1, 1897

J. A J. New York, Erie Office.
N. Y., Erie Railway.
J. & D.
do
do
J. & D.
J. & J. N. Y., Farm. L. A T. Co.

943,800

1876
1879
1880
1870
1871

Gallatin

....

7

1,500,000

IOO

Y.,

....

....

500,000

S. N.

M. &

7

1,155,000

,

Nor. 1, 1881
July 1, 1893
Sept. 1, 1917

....

1,000,000

1,000

do
do
New York.

pal,When Due.
Stocks—Last
Dividend.

....

8.650,000

500 Ac.
100 Ac.

Bostor, at Office.

M. & N.
J. & J.
M. & 6.

....

950,000
2,380,000
3,000,000

1,500,000
(0
1,500,000
580,000

1,000
1,000

Where Payable, and by
Whom.
Payable

W'hen

Bonds—PrincI

5

.

7 g.
6 g.
8
7

J.
M.
A.
M.
A.

AD. N. Y.. Central Trust Co.
do
do
A S.
do
do
A O.
A N.
Boston, Co’s Office.
A 0. Newr York or London.

June 1. 1906

Sept. 1,
Oct. 1,
May 1,
Oct. 2,

1909
1920
1895

1901

....

7 g.
6 g.
& 6
6

J.
J.
J.

on pf.
7 g. J.

N. Y., FiRk A Hatch.
A J.
A J. N. Y., Nat’l Park Bank.
A J. N. Y.,Cent. Pacific RR.
Boston.

....

Camden, Co.’s Office.
A J. Phila., Farm. A M. B’k.

....

Jan.
Jan.

1, 1887
1, 1891
July, 1905
1921

Nov., 1880
Jan.. 1893

$10,150,000. Of the common stock there is issued only 127,500 shares,
$6,375,000; of the preferred stock there is issued only 13,936 shares,
$696,000. The pref. is entitled to 6 per cent, when earned, but is not
cumulative. (8ee V. 32, p. 16, 182.) The 1st mortgage bonds of the

properties in Boston, and during 1879 negotiations were entertained for several roads above due respectively April. 1882, July, 1890, and Feb.,
1896, w’ere offered an exchange for the newT bonds due 1921, the optioi
a consolidation of the Boston A Providence and the Boston A Albany,
expiring Aug. 31, 1881.
The net earnings in 1880 were $268,524,
so as to utilize them by both companies.
Gross
Net Traffic
Other
Divi- against $190,330 in 1879. (V. 30. p. 17, 67, 193. 519, 625 ; V. 31, p. 46,
Years.
*
Earnings.
Earnings.
Receipts.
dends. 96, 171. 330, 560; V. 32, p. 16, 99. 101, 182, 367; V. 33, p. 46.)
$1,439,864
8
$399,633
$27,895
Buffalo <b Southwestern—Sept. 30, 1880, owned from Buffalo to James¬
1,352,564
378,032
20,797
6
town, N. Y., 67 miles. Formerly the Buffalo & Jamestown; reorganized
1,185,040
348,069
21,377
6
in 1877 after foreclosure. In July, 1880, leased to New York Lake
1,158,643
375,947
19,595
6^ Erie A Western for 99 years—at 35 per cent of gross earnings, but.
1,304,520
19,395
8
355,748
interest on bonds guaranteed. Gross earnings in 1878-9, $351,829. (V.
Lease rental paid in the years consecutively was $9,219, $11,308, 31, p. 122.)
380,000. (V. 27,
565 V. 31, p. 534.)
f10,956, $10,917 and $11,560. Notes outstanding September, 1880,
p.

;

Brooklyn Elevated.—In progress. Receivers were appointed October,
1880, and a compromise effected February, 1881, by winch reorganiza¬
tion was made and stock and bond scrip were assessed. There were
outstanding at that time $1,069,000 1st mort. bonds and $217,700 bond
scrip; $1,852,880 engraved stock and $1,497,683 scrip stock.
All were
assessed 20 per cent and Receiver’s certificates and income bonds issued
the assessments in certain proportions. Capital stock of new com¬
for
pany is $4,0< *0,000 authorized, but only $2,655,600 issued. The Receiv¬
er’s certificates can be exchanged by the new company for 1st mortgage
bonds. See full statement in Chronicle, V. 32, p. 551. (V. 31, p. 44,
428, 452, 557; V. 32, p. 205, 230, 265, 396, 468, 551; V. 33, p. 441.)

Brooklyn db Montauk—(Southernof L. I.)—Bushwickto Patcliogue, L.I.,
Fresh Pond Junction, 2 miles; to Roekaway, 10
miles; total, 61 miles. Extension to Moriches, 15 miles, ready July,
1881. This was first the South Side Railroad of Long Island, which
was foreclosed Sept. 16, 1874, and reorganized as the Southern of Long
Island. On June 3, 1879, the property was again sold in foreclosure of
the second mortgage, and this company organized. The preferred stock
has a preference of 7 per cent, not cumulative. It is leased to the Long
Island Railroad for 50 years at 25 per cent of the net earnings of the
whole Long Island RR. system, including its leased lines. The new’
mortgage for $1,000,000 is to take up the first and balance issued for
extension to Moriches; it is guaranteed by L. I. RR. as to interest, on
$750,000 and both principal and interest on the $250,000. (V. 30, p.
322, 600, 674 ;V. 32, p. 526.)
52 miles; branches to

Buffalo Bradford db Pittsburg.—Sept. 30, 1880, owned from

Carrollton,

N. Y. to Gilesville, Pa., 26 miles. Completed in 1866, and leased to Newr
York Lake Erie A Western for 499 years. Tn Jan., 1875, it was consoli¬
dated with other roads under the title of Pennsylvania A Erie Coal &

Railway Company. No further action, however, has been taken to carry
project. Rental, 7 per cent on outstanding bonds, $40,600 a
year. Capital stock, $2,286,000. In March, 1880, a dividend of 1 per
centw’as paid.
out the

Buffalo Xeio York db Erie— October 1, 1880, owned from Buffalo, N.Y.,

to Corning, N. Y., 110 miles. A third rail for standard gauge rolling
etock has been laid down. Leased in 1863 to the New York A Erie for
490 years, and now’ operated by the New York Lake Erie A Western

Rental, $238,100—viz., 7 per cent on stock and bonds and $5,000
organization expense. Dividends and interest paid directly by the
lessees. Capital stock, $950,000, and funded debt, $2,380,000. Total,
representing cost of road, $3,330,000.
Co.
for

Buffalo New Yorkd- Philadelphia.—Sept. 30,1880, owned from Buffalo,

N. Y., to Emporium, Pa., 121 miles. Consolidation (1871) of the Buffalo
& Allegheny Valley, and the Buffalo A Washington, and road completed
in 1872. At Emporium connects with Philadelphia & Erie. In April,
1880, the stock was sold to a syndicate. See V. 32, p. 444. Gross earn¬

ings in 1878-9, $954,682, and net earnings, $380,355. Gross earnings
in 1879-80. $1,031,347;
net earnings, $343,923.
Capital stock,
$2,125,650. Cost of road and equipment, ®6,915,756. (V. 28, p. 252;
N. 30, p. 16; V. 32, p. 444.)
Buffalo Pittsburg db: West.—Jan., 1881, owned from Salamanca, N. Y.,
City, Pa., 100 m.; branch to Bradford, Pa., 20 in.; Oil City, Pa., to
Buffalo, N. Y., 140 m.; Union A Titusville Branch, 25 m ; and TitusviHe
& Oil City Railway, 9 miles; total length, 294 miles. This was a consoli¬
dation, Jan. 20, 1881, of the Pittsburg Titusville A Buffalo Railway and
to Ou

other roads.
Tlie statement to the New’ York Stock Exchange, as of
January 20, 1881, gave the capital stocks of the companies prior to
consolidation as follows: Pittsburg Titusville A Buffalo--common stock,
127,500 shares, at $50. $6,375,000; preferred stock, 15,000 shares, at
$50, $750,000 ; Buffalo Pittsburg & Western—capital stock, 12,500
shares, at $100, $1,250,000; Salamanca Bradford A Allegheny River of
Pennsylvania—capital stock, 17,000 shares, at $50, $850,000; Salamanca
Bradford & Allegheny River of New York—capital stock, S,500 shares,
at $100, $850,000; Titusville A Oil City—capital stock, 1,500 shares, at

$50, $75,000—total, $10,150,000. The authorized capital stock is as
follows, viz.: common stock, 173,000 shares, of $50, $8,650,000; pre
ferred stock, 30,000 shares, of $50, $1,500,000—total, 203,000 shares,




Burlington Cedar Rapids <£• Northern.—Dec. 31, 1880, owned from
Burlington, Iowa,,to Albert Lea, Minn, ( noiuding.il miles leased), 252
miles; branches—Linn, la., to Postville, !a., 94 miles; Muscatine, la ,to
Riverside, la., 31 miles; Vinton, la., to Lolland, la.. 48 miles; Elmira,
la., to Montezuma, 83 miles; leased, Holi&n l to Clarion. 55 miles; total
operated, 563 miles. Organized as the Burlington Cellar Rapids A Minn.,
J line 30,1868, and mainline opened to PlymoiTth 219 miles, and branches
149 miles, to end of Sept., 1873. Default Nov. 1, 18/3. Property sold
under foreclosure June 22, 1876, and given up to the purchasers July 1,
1876.
Bonds of the Cedar Rapids Iowra Falls & Northwestern road are
endorsed (on the bonds); they are redeemable at 105 after Oct. 1,1890.
Gross earnings year ending December 31, 1880, $2,053,481, against
$1,534,950 in 1879; net $709,757, against $550,142. ‘ Interest paid,
$367,420. The company guarantees the above bonds mentioned. They
also guarantee $150,000 of Minneapolis & St. Louis bonds.
(V. 29, p.
224,250,432, 562; V. 30, p. 17, 221; V. 31, p. 122, 228; V. 32, p.
•
69, 154, 367, 418.)
Burlington db Southwestern.—June 30, 1880, owned from Vide, la., to
La Clede, Mo., 142 miles; leased—Viele to Burlington, 25 miles ; Bloom¬
field to Moulton, 14 miles; total operated, 181 miles. There is alse
a
mortgage of $1,600,000 7 per cent gold bonds, due 1892, on
the Linneus branch, 53 miles, and a second mortgage of $88,000
8 per cents on the main line.
Gross earnings, 1878-79, $206,704;
expenses and taxes, $199,187; net earnings, $7,517. Capital stock,
$1,793,700; funded debt, $3,488,000; receiver’s 7 per cent certificates
(for extension 22 miles in Missouri), $200,000, and a Iga-ge amount of
floating debt. Default made Nov. 1,1873, and property sold in fore¬
closure 1881 and purchased by trustee of bondholders, and reorganiza¬
tion in progress. (V. 29, p. 300; V. 31, p. 557, 606.)
Cairo db St. Louis.—Dec. 31, 1880, owned from Cairo, Ill., to East St.
Louis, III. (3 ft. gauge), 147 miles. Opened through, March 1, 1875.
Default made April 1, 1874, and Receiver appointed Dec. 6, 1877.
Sold in foreclosure July, 1881, and bought iu,
for $4,000,000.
Surplus earnings iu 1880,

in behalf of bondholders,

$27,508.

$4,565,000. (V. 29, p. 17, 40; V. 30, p 464; V. 32, p.
685; v. 33, p. 99.)

Capital stock,

396, 551,611,

— June 30,1880, owned from Cairo,
Ill., to Vincen¬
Ind., 157 miles. Chartered March 6, 1867, and completed Dec.
16, 1872. Defaulted in 1873. Sold Jan. •">, 1830, and bought in for
account of bondholders. The reorganization has been made with stock
as above, of
which $2,000,000 is preferred. Gross receipts, 1879-80,
$366,648; deflcit.on operations, $69,417.
In July, 1881, sold to Wat).
St. Louis A Pacific, which company will issue $3,857,000 in 5 per ceut
bonds secured on this line, w’hich will be given to holders in exchange
for pref. etock at par. Holders of common stock w’ill reoeive Wabasil
common, share for share.
See V. 33, p. 124. (V. 31, p. 68, 179,558,
672; V. 32, p. 182, 500, 685; V. 33, p. 124.)

Cairo dk Vincennes

nes,

California Pacific.—Dec. 31, 1880, owned from South Vallejo, Cal., to
mile ; branches—Napa Junction to Calistoga, 85
miles; Davisville to Knight’s Landing,-19 miles; total operated, 115
miles. Consolidation (December 23, 1869) of California Pacific ana
California Pacific Extension companies.
Leased for twenty-nine
Rental, $550,000 per
years, from July 1, 1876, to Central Pacific.
annum, and three fourths of net earnings when in excess of that
amount.
General account (December 31, .1880) — Capital stock.
$12,000,000; funded debt, $6,850,000; bills payable, $1,272,643 ;ana
other liabilites, accounts, Ac., $338,419; total liabilities, $20,462,062.
Extension bonds of $3,500,000 and incomes of $1,000,000
default, and the new bonds of 1875, guaranteed by Central Pacific,
were issued in place thereof.
California Southern.—This road from San Diego, Cal., east ward is
by Boston parties as the connecting line of the Atlantic & Pacific teanscontiuental route. For $1,100 in cash each subscriber receives $L<wu
in'bonds, $1,090 in stock and $100 iu the San Diego Land A Towrn to.
stock. (See V. 32, p. 231.)
Camden db Atlantic.—Dec. 31,1880, owned from Camden, N.J., to Atlan¬
tic City, N. J., 60 miles; leased branch, Egg Harbor Citv to May’s Lanaing, 7 in.; total, 67 miles. Earnings and expenses for three years
Sacramento, Cal., 61

built

have been:

RAILROAD

1881.]

October,

STOCKS

AND

BONDS.

xix

Subacrtbers will confer a great fkvor by giving Immediate notice of any error discovered In these
Tables.
DESCRIPTION.

on

first page

08 1

Date

of
Road.

of
Bonds

Value.

1854

of tables.

Camden <t Atlantic—( Continued)—
2d mortgage, extended in 1879

Camden <£•

Miles

Canada Southern—Stock
New mort., interest guar., (for $14,000,000)
Cave Fear <& Yadkin Valley— 1st mort
Carolina Central— 1st mortgage, gold, coup, or reg.
2d mort., gold, income, reg., not cumulative
3d mort., gold, income, reg., not cumulative

500 &c.
100

Catawissa—Common stock.
New preferred stock.
Old preferred stock
1st mortgage bonds.

■

31
100
291
47
242
242
242
93

....

1878
1881
1880
1880
1880

1,000
50 &c.

1,000
1,000

4,000
50
50
50

....

-

....

93
64

Chattel mortgage bonds
New mortgage.
- Carruoa & Susquehanna—Stock
Cedar Falls <& Minn — Bonds on 1st div., Bink.fund.
Bonds on 2d division, sinking fund
Cedar Rapids & Missouri River—Common stock
Preferred stock, 7 per cent
—

....

93
35
14
61

274
70
58
146

1st mortgage
1st mortgage
1st mortgage

Central Branch Union Pacific—1st mort., gold
Funded interest bonds (coupons held in trust).
2d mortgage (Government subsidy)
Central R. R• & Bank, Oa.—Stock
General mort. “tripartite” bds ($5,000,000) coup.
Certificates of debt (for dividend)
Central Iowa—1st mortgage
Income bonds, “ debt certificates,” payable at will
Central of New Jersey—Stock
Mortgage bonds
Bonds (convertible Nov., 1875 to 1877)
Consolidated mortgage (for $25,000,000)

—
..

Income bonds, reg., (not cumulative)

100
....

100
708
620
....

189
....

359
74
....

97
....

....

....

....

....

....

.....

Expenses.
Profit.
$277,848
$121,213
293,345
202,127
498,838
371,626
127,219
The preferred stock is entitled to 7 per cent if earned, and to as high a
rate as paid to common stock if more than 7. A dividend of 3^ per
cent in pref. stock scrip was paid in Nov., 1880 on common and pre¬
ferred stock. (V. 30, p. 518; V. 32, p. 395.)
Camden £ Burlington County—Dec. 31, 1880, owned from Camden,
N. J., to remberton, N. J., 23 miles; branch, Burlington, N. J., to Mount
Holly, 7 miles; total, 30 miles. Leased to Camden <fc Amboy Railroad
Co., and now operated by the Pennsylvania Railroad Company, lessees
of United Railroad & Canal Company’s lines.
Lease rental, $44,415,
being 6 per cent on stock and bonds, and $500 for organization expenses.
Capital stock $381,925 and funded debt $350,000; total, being cost
of property, $731,925. Dividends in January and July.

$399,061
495,472

1878
1879

Canada Southern— December 31,1880, owned from Victoria, Ont., to
Amherstburg, Out., 229 miles; branch, St. Thomas, Ont., to Courtright, Ont., 63 miles; total (original line, all steel), 292 miles;
and miles absorbed on reorganization—Erie & Niagara, 31; Sarnia
Chatham & Erie, 7; Canada Southern Bridge <fc
Ferry, 4; Toledo Canada
Southern & Detroit, 55, and Michigan Midland &
Canada, 15; total of
all fines, original and acquired, 404 miles. Default was
made, and a
reorganization forming the existing companies was completed in 1878.
Interest on the new bonds issued by the company is guaranteed
by the
New York Central Railroad Company for 20
years; the principal is not
guaranteed. During the year 1879 great improvements wore made on
the fines a new ferry-boat purchased, and 31
engines and 1,100 freight
cars added to the equipment.
The income account for three years, and
for the six months ending
June 30, 1881 (June being partly estimated),
compared with the same six months of 1880, was as follows :
/

1878.
Gross eam’gs.

Expenses

....

1879.

1880.

Six months of

>

1881.

1880.

$485,143
338,464

$717,314

$2,480,873 $2,995,366 $3,705,679 $1,817,852 $1,885*336
2,070,258 2,448,091 2,406,341 1,332,709 1,168,021

Net earning
Int. accrued.

$410,615
353,428

$547,275 $1,299,337
391,452
407,799

203,899

Surplus...

$57,187 $155,823
$891,538
$146,679 $513,414
$235,332 charged to expenses in 1879 for renewals.
The bonds
carried interest at 3 per cent till 1881 and 5
per cent for the other 27
years, which accounts for the increase in interest for the first six
months
rtl881. (V. 30, p. 116, 141, 600; V. 31, p.
258, 672; V._32, p.634,

Carolina Central.—March 31,1881, owned from
Wilmington, N. C., to
Formerly Wilm. Char. & Rutherford, chartered
m 1855. Succeeded
by existing company after foreclosure May 3, 1873.
Defaulted, and Receiver placed in possession April 5,1876. Sold in fore¬
closure May 31, 1880, for $1,200,000. In
1879-80, gross earnings were
$466,519; net, $189,269. In 1880-81, gross, $564,028 ; net, $250,835.
Wilmington Bridj '
*
‘ "

Shelby, N. C., 242 miles.

this company am
five years in the 1

Outstanding
$497,000
350,000
15,000,000
13,529,314
300,000
2,000,000
1,500,000
1,500,000
1,159,500
1,000,000
2,200,000
230,500
209,850
1,300,000
589,110

198,000
1,334,000
6,850,400

1

769 600

700,000
582,000
2,332,000
1,600,000
640,000
1,600,000
7,500,000
3,750,000
4,600,000
3,700,000
629,000
18,563,200
5,000,000
4,400,000
15,000,000
2.450,000

Rate per
Cent.

6
6
2 *3
5
7
6 g.
6 g.
6

A. & O.
F. & A.
...

J.
J.
A.
J.
A.

3*2
3*2

&
&
&
&
&

J.
J.
O.
J.
O.

M. & N.
M. & N.
F. & A.

7
5 A 10
7

Whom.

F.
J.
A.
J.

7
7

&
<fc
&
&

Dividend.

Pliila,, Farm. & M. Bk. Oct., 1, 1904

Phila.. Penn. RR. Co.
N. Y., Grand Ceil. Dep.
N. Y., Union Trust Co.
N. Y., Fourth Nat. Bk.
N. Y., Farmers’L.dc T.Co.
New York, Office.
do
do

1897
1, 1881

Feb.
Jan.

1, 1908

April* I,*

1920

July 1, 1915
July 1, 1910-

Philadelphia Co.’s office May 18‘**i881
do
May 18, 1881

Phila., Phila.& Rcad.Co.

Various

4*2

do
do

do
do

A.
J. New York, 44 South st.
O. N.Y.,J. 8. Kennedy & Co
J.
do
do

Feb. 1, 1882
1888 to 1900
Feb. 1, 1900

July 1, 1881

April 30, 1884
Jan. 2, 1907
Q.—F.
Boston, Treasurer.
Nov. 1, 1881
F & A
Aug. 1, 1881
f. & a; W. Y., Nat’l Park Bank.
Aug. 1, 1891
F. & A.
do
do
Aug. 1, 1894
M. & N.
do
do
May, 1916
M. & N. N. Y., Company’s Office.
May 1, 1895
M. dc N. N. Y., Hanover Bank.
May 1, 1895U.S. Treas., at maturity. 1896,
’97, '98

1*2
3k*

7
7
7
6
7 g6
4
7
6
7
7

When

Payable

•

J.
J.
J.
J.
A.

2*2

•

•

&
&
&
&
&

@

D.
J.
J.
J.

O.

Q.-J.

7
7
7

F. & A.
M. & N.

7

M. & N.

Q.—J.

Savannah, Ga.

N.Y.,Nat.City Bk.&Sav.
Savannah, Ga.
New York, Office.
do
do
New York, at office.
do
do
do
do
do
do
do
do

Juno 20, 1881
Jan. 1, 1893
1891

July 15, 1893
3 mos. notice.

April 10, 1876
1890

Nov., 1902
July 1. 1899May 1, 1908

la., 2 miles; total operated, 274 miles, of which 214 miles steel rails.
Chartered in 1855 and completed in 1866. Leased to and
operated by
Chic. & N’west. Rental, $700 of the first $1,500 of
gross earnings
mile; 33i3 per cent of next.$3,000 per mile, and 20 percent of per
any
excess over $4,500 per mile.
Gross earnings year ending Mch. 31,1881*
$2,981,714; gross earnings per mile, $10,881. The rental in 1880-81
was $815,550 and
disbursements, including dividends and interest, were
$638,814. The total balance to credit of income account March
31,
1881, was $611,825. In 1880 purchased a
majority of the Sioux City &
Pacific Railroad stock.
(V. 32, p. 611.)

Central Branch TJnioti Pacific.—From
Atchison, Kan., to Watorville,
Kan., 100 miles; and lias au extension under the name of Atchison Colo¬
rado & Pacific of 229 miles,
making 329 miles in all. and the bonds,
of the extension are guaranteed
by U. P. company. The Union Pacific
Central Branch was formerly the Atchison & Pike’s Peak
Railroad, and
was one of the roads embraced in the act of
Congress incorporating the
Union Pacific Railroad. The stock is
$1,000,000, of which the Union
Pacific holds about $900,000. The
company received a Government
subsidy of $1,600,000. Default on interest was made May 1, 1873, but

Central of Georgia (d- Bank).—Aug. 31,18S0, owned from
Savannah*.
Ga., to Atlanta, Ga.. 294*3miles; branch, Gordon to
Milledgeville, 17
miles; leased—Augusta & Savannah, 53 miles; Eatonton Br.
Railroad,
22 miles; Southwestern Railroad and
branches, 310 miles; Upson
County Railroad, 17 miles ; total operated, 714 miles. In
January,
1880, purchased the former Savannah & Memphis
road—Opelika to
Goodwater, 60 miles—for $700,000. In 1881 the Port Royal & Augusta
road was leased; also a lease of the
Georgia Railroad for 99 years wastaken in the interest of this
company. The certificates of debt were
issued, June, 1881, as a dividend to stockholders—$40 per share to Cen¬
tral Georgia and $32 per share to Southwestern. The
company owns a
large interest in connecting lines and in the Ocean Steamship Line of
Savannah.

Years.

,

Traffic Earnin
ings.
Gross.
Net.

Payments from Net Eamings-V

,

Leases.

$2,409,092
2,675,318
2,781,654

$826,925
1,093,967
1,181,906

3,144,102

Divic
<fds.

$255,412
279,178
272,428

$187,500

1,508,652

3,707,891

Interest.

$439,596

1,389,494

439,631
439,652
439,666

This company and the Georgia Railroad Comi
the Western Railroad of Alabama, purchased
^ab
"

Cape Fear dc Yadkin Valley—Dec. 31,1880, owned from Fayetteville
to Gulf, N. C., 47 miles. Extension from Gulf
to Greensboro to be com¬
pleted in 1381. This was a reorganization of the Western RR. of N. C.
m April, 1879.
Stock, $717,000. J. A. Gray, Pres’t, Greensboro, N. C.

Amount

1876-90.

1863
500
’60-8-9 500 &c.
1870
500 &c.
100
1864
500 &c.
1866
500 &c.
100
100
1861
500 &c.
1863
500 &c.
1866
500 &c.
1866
1,000
1879
1,000
’66-7-8
1,000
100
1872
1,000
100
1879
500 &c.
1880
500 &c.
100
1869
1,000
1872
1,000
1874
1,000
100 &c.
1878

Earnings.

Years.

or

Par

Bonds—Princi¬
pal,When Due.
Where Payable, and by
Stocks—Last

INTEREST OR DIVIDENDS.

$1,000

1867

,

Burlington Co.—1st mortgage

Size,

“

‘

April, 1875.

-----

The “tri-partite” bonds

are

* at^

375,000

375,000

267,732
are

joint

owners of

foreclosure

sale in.
issued jointly by this comi

K

the Macon & Western and the Southwestern.
(V. 27, p.'381; V.
655; V. 30, p. 143; V. 31, p. 381, 404; V. 32, p. 44, 334, 396, 611.)
Central Iowa.—June 30,1880, owned from

Albia, la., to Northwood, ta.*

189 miles; Muchakinock Branch, 2 miles; total operated,
191 miles..
Chartered as Central RR. of Iowa and opened in 1871. Defaulted
and
placed in hands of a Receiver in 1873. Reorganized under present title*
June 18,1879, after foreclosure sale under first
mortgage July 18,1877.
Gross earnings in 1878-79, $715,563; net
earnings, $160,545. In ’79-80*

net, $452,901. The new stock issued isfross earnings, $889,468;pref., $907,000, and 2d pref., $1,167,800,
2,100,000 common; 1st
given for the old 2d mortgage bonds.

1st preferred has prior right toV. 32, p, 576; V. 23, p. 357.)
Catawissa.—Dec. 31,1880, owned from Tamanend, Pa., to Williams¬
port, Pa., 93 miles; branch, Summit Station to Silver
Brook, 4 miles;
total
operated, 97 miles. Chartered as Little Schuylkill & Susquehanna
m
1831; name changed to Catawissa Williamsport & Erie in 1849.
hoad opened Dec.
18, 1854. Reorganized under present name in 1859. 248, 433, 518, 433; V. 31, p. 20, 115, 259; V. 32, p. 205, 312, 500.)
teased from Nov.
1, 1872, for 999 years to Philadelphia & Reading,
Central of New Jersey —Dec. 31,1880, owned from
Jersey
cental, 30 per cent of gross earnings and $8,000 a year
N. J.*
for company to Phillipsburg, N. J., 73 miles; branches, 57 miles; leased- City, J., 50,
'—in N.
expenses. Funded debt is also assumed
by lessees. Seven per cent is and in Penn., 215; total operated, 395 miles. The princinal leased linea
guaranteed on the preferred stocks.
in Pennsylvania are the
&
and the Lehigh & Lack.,
Cayuga d Susquehanna.—Sept. 30,1880, owned from Owego, N.JY..to with their branches, &c. Lehigh Susquehanna Elizabeth to
The main line from
Phillipsburg
wuga Lake, N. Y., 34 miles. Chartered as Ithaca &
was opened in
1852, and extended from Elizabeth to Jersey City
July,
Owego in 1828.
and opened in
1834. Reorganized as Cayuga &
in 1864. The Uong Branch division was opened in
Susq, fin April 1873.
September, 1875..
PerPetuity to Del. Lack & Western, Jan. 1, 1855, at a rental of The lease of the Lackawanna & Susquehana Railroad is dated March 31*
and is virtually a consolidation agreement, the lessees having pur¬
^04,000 a year. Dividends on capital, 9 per cent per annum. Capital 1871,
ost of roa<t to present owners), $589,110. A considerable deficit chased the rolling stock. In February, 1877, the property was placed in
4/011116 lessees occurs
from year to year.
the hands of a receiver, and on April
1,1877, default was made on con¬
solidated mortgage interest. Reorganization followed [See scheme, V.
fltaFalls & Minn.—Dec. 31,1880, owned from Waterloo, Ill., to Minn 26, p. 215],
and has been a success. Of the $11,500,000 Lehigh Sc
miles. Completedin 1870. Leased to Dub. & Sioux C. for 40
1867, at $1,500per mile as a minimum and a con- Wilkesbarre Coal bonds, $6,116,000 are held by Central of New Jersey
and are deferred, having no claim for interest till all other bonds are
3o per cent of
gross earnings from $3,500 to $7,500 per mile
to nii
cent OI any excess over $7,500 per mile. Lease transferred satisfied. The Lehigh & Wilkesbarre Coal Co.’s stock is $8,700,000. In
paid 3*2 per cent on the income bonds. No
fmuto?°i19, f^tral, October 1, 1867. Capital stock, $1,587,000, and May, 1881, the Receiversbeen issued since 1878. In
has
February, 1881*
furto or l
$1,587,000. Total (cost of road), $3,174,000. A sinking satisfactory report and
~~a fvf
Messrs. Jay Gould
per cent per annum is
Sidney Dillon were elected directors. It was
provided. (V. 30, p. 90.)
leased in 1879 to Philadelphia & Reading RR. The American Dook <fe
la. to
^
Fiver.—April 1,1881, owned from Cedar Rapids, Improvement Company, which is virtually owned
>
Mo. River (opp.
by
Omaha), 272 miles; branch, Clinton, la., to Lyons, pany, issued a mortgage in 1877 to secure its bonds. the railroad com¬
XUfljj

600, 622; V. 31,

i

•




p.

68

;

7 per cent (non-cumulative)_rrom net profits, after
payment of interest;
then 2d preferred entitled to 7 per cent;
any surplus, after payment of T
on common stock, to be divided
pro rata between the three classes. In

Subscribers will confer a

great favor by giving

explanation of column headings, &o., see
on first page of tables.

notes

187695./

New mort. bonds, guar,

1st

stock

time at par)..

mortgage bonds

Central Pacific—Stock
1st mort., gold, (2 sinking funds, $50,000 each)..
California State aid, gold (s. fund, $50,000)
lstm.S. Joaq*n Val. Br., gld (s.f. $50,000)
U. 8. Loan, (2d lien on certain terms)
Western Paciflc, 1st mort., gold, (s. f. $25,000)...
do
Government lien

1879.'2,

m

....

137
137
137
2180
742
50
146
742
158

A?.—1st mort. lien on road.
Chesapeake dk Ohio—Purch. money funding bonds...
gold, “A”

in stock or cash)

Bonds, not mortgage
Chicago dk Alton—Common stock
Preferred st’ek (7 0. c. y’rly not cumulative)
General mortgage, sterling, for £900,000

123
152
152
20
All.
195
195
23
21
428
503
428
428
64
.

.

.

.

1*000
1,000

.

•

•

•

•

....

100 &c.
50

• •

•

50

•

1,000
100

1,000
1,000

1865-8
1864
1870

1,000
....

....

1,000

1869
1869
1868

....
'

1,000

1870
1878

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

1869

500 &c.

1872
1871
1869
1878
1878
1878
1878

1,000
1,000

1872
1870

500 &c.

1,000
1,000
100 &c.
100 &c.
100

....

500 &c.

.

677
649
322

Outstanding

100 &c.

1881
1878

....

Amount

$500 &c

mmp

.

.

....

Cherry Valley Shar. dk

Cheshire—Stock, preferred

Value.

1875

Mortgage

do “B”
2d mortgage, cur. (interest

par

1867

....

Chartiers—1st mortgage

do

of

7

Income bds.($6,000/000), skg.fd.,10 p.c.per ann’m
Charlotte Columbia dk Augusta—1st mort. consol...

1st mortgage,

Size, or

....

Cal. & Oregon, 1st M., gold, guar., (s. f. $100,000)
Cent. Pac., mortgage, on C. & 0. Branch
San Fran. O. & A.*Jst M. (s. f. $100,000)
Land grant mornsme bonds
2d

Immediate notice of any error discovered In tbese Tables.

Road. Bonds

by Cent.of N.J.

Adjustment mort. (redeemable any

Central Ohio—Common
Preferred stock

Date

Miles
of

Central of New Jersey—( Continued)—
Newark & New York, 1st mortgage
Lehigh & Wilkesbarre Coal Co., prior liens
do
do
Consol mort
L. & W. B. Coal Co., inc’me bds, rg. (not cum’lat’e)
Am. Dock & ImD.Oo. bonds, guar. Cent.of N. J—
do

[Vol. xxxiit

tfonao-prmoT.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

RAILROAD

XX

•

♦ •

100
100

^

....

1.000

1873

Rate per
Cent.

$600,060
4,720,000
11,500,000
3,553,000

3,000,000
(?)
5,550,000

2,437,950
411,550
2,500,000

1876-90

59,275,500
25,883,000

1,500,000
6,000,000

25,885,000

2,616,000
1,970,000
6,000,000

2,080,000

687,000
6,530,000
3,285,000
1,807,500
500,000
500,000
300,000
2,350,000
2,000,000
15,000,000
10,122,500

7
6 & 7
7
7
7
5
7
3
3
6
3
6 g.
7 g.
6 g.
6
6 g.
6
6 g.
6 g.
8
6 g.
8 g.
7
7
7
7
6 g.
6 g.
6 g.
6

pal,When Due.
and by Slocks—Last
Whom.
Dividend.

Where payable,

When

Payable
& J.

J.

Q.-M.

M. & N.
J. & J.

New

York, at office.

N. Y., Cent.
do
do

1887

RR. of N. J. June 1, 1900
do
May 1, 188§
do

1921

..........

....

N. N. Y., C^it. RR. of N. J.
J. Balt., at B. & O. office.
do
do
J.
do
do
S.
A. N. Y. & San Francisco/
N. Y., Fisk & Hatch.
J.
J. Sacram’o 8tate Treas.
N. Y., Fisk & Hatch.
0.
U. S. Treasury.
J.
J. N. Y„ Fisk & Hatch.
U. S. Treasury.
N. Y., Fisk & Hatch.
J. & J.
J. & J. New York & London.
J. & J. N. Y., Cent. Pac. Office.
N. Y.t Fisk & Hatch.
A. & O.
N. Y. and San Fran.
M. & N.
J. & J. N. Y., Nat. Park Bank.
do
do
A. <fc O.
A. & O. Philadelphia, Penn R.R.
J. &D. N.Y.,Del.& Hud.Can.Co.
N. Y., Fisk & Hatch.
J. & J.
do
do
A. & O.
M. & N.
Company’s office.
do
do
J. & J.
J. & J.
Boston, Office.
1*2
do
do
J. & J.
6
M. & 8. N.Y.,Jesup, Paton & Co.
4
do
do
M. & S.
4
6 g. J. & J. Lond’n,J.8.Morgan&Co.

2,100,000

800,000
11,181,841

2,425,400
4,379,850

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

&
&
&
&
&
&
&
&
&
J. &

May 1. 1903
July 29,1881
July 29,1881
Sept., 1890

Aug.!, 1881
1895 to ’98

July 1, 1884
Oct. 1, 1900
1895 to ’98

July 1, 1899
1899

....

Jan. 1, 1888
Jan. 1, 1892

July 1, 1890
Oct. 1, 1890
May 1, 1888
Jan.

1, 1895

Jan. 1, 1910
Oct. 1, 1901
Dec. 15, 1899

July 1, 1898
July 1, 1908
July 1, 1908
July 1, 1918
July 20,1881
July 1,’96&’98
Sept. 1, 1881
Sept. 1, 1881
July 1, 1903

Charlotte Columbia dk Augusta.— Sept. 30,1880, owned from Charlotte,
mortgage of the American Dock & Improvement Co. is issued N. C., to Augusta, Ga., 195 miles. Consolidation (July 9, 1869) of the
(June, 1881,) to retire the prior issue and pay off the Central of N. Jersey Charlotte & South Carolina and the Columbia & Augusta, the first
floating debt. The operations of the New Jersey Central only, exclusive opened in 1852 and
the latter in 1867. The road has been under the
of leased lines, showed gross earnings of $4,317,218 and net earnings control and
management of the Richmond & Danv. since 1878. Gross
of $1,371,580 in 1879, against $5,300,970 gross and $2,145,222 net in
earnings in 1878-9, $478,491; net, $232,669. Gross earnings 1879-80,
1880. Gross revenue on all lines has been as follows:
$541,116; net, $184,566. There are, in addition to the above bonds,
Paid from Net Earnings
s
Net
Gross
Leases.
Interest.
Dividends. $189,500 of old Columbia & Augusta bonds yet outstanding, due in
Earnings.
Earnings.
Years.
1890. Stock issued, $2,480,000. (V. 27, p. 280; V. 28, p. 96; V. 30, p.
$4,468,075 $1,128,434 $807,400 $2,000,000
1874....$8,609,270
1,059,549
658,243
2,013,125 271; V. 32, p. 467, 577.)
3,282,910
7,411,637
Chartiers.—Dec. 31,1880, owned from Mansfield, Pa., to Washington,
983,113
675,609
515,000
3,188,409
6,983,173
700,345
563,114
Pa., 23 miles. Chartered as C. Valley in 1853 and opened in 1856.
2,484,840
5,753,413
Sold under foreclosure, and reorganized in 1871. Leased for 99 years
699,134
734,500
2,302,770
5,589,520
from January 1, 1872, to the Pittsburg Cincinnati & St. Louis; the
2,635,580
6,730,980
rental is net earnings. Gross earnings in 1880, $93,733; net income,
—(Y. 29, p. 197, 657 ; V. 30, p. 272, 408, 566; V. 32, p. 205, 231, 396, all sources, $31,730; in 1879, gross earnings, $84,660; net income,
420, 444, 454, 468, 635; V. 33, p. 23, 93.)
$24,749. Capital stock, $648,302/ (V. 30, p. 382; V. 32, p. 498.)
Central Ohio.—July 1,1880, owned from Bellaire, O., to Columbus, O.,
Cherry Valley Sharon dk Albany.— Sept. 30, 1880, owned from
137 miles. Chartered in 1847 and opened in 1854. Reorganized in
Cobleskfll, N. Y„ to Cherry Valley, N. Y., 21 miles. Chartered in 1869
T865. Leased to the Baltimore & Ohio, for 20 years, Nov. 11, 1866; and
opened in 1870. Leased on completion to Albany & Susquehanna.
rental, 35 per cent of gross earnings. Feb. 23, 1880, the lease was Sold to Delaware & Hudson Canal Co. for $320,119. Rental $21,000 a
extended to Dec. 1,1926, with the option of renewing for terms of 20
year/ Capital stock, $387,650, and funded debt, $300,000.
A new

years perpetually.
Gross earnings in 1878-79, $846,512; net earn¬
ings, $272,700. Lease rental (35 per cent), $296,279. Loss to lessees,

4$23,579. In 1879-80 gross earnings were $1,003,565; net, $311,454;
lease rental, $351,247.
The road between Newark & Columbus (33
miles) is owned jointly with the Pittsburg Cincinnati & St. Louis RR.
Co. (V. 30, p. 544.)
Central Pacific.—T>ec. 31,1880, owned from San Francisco, Cal., to

Chesapeake dk Ohio—Sept, 30, 1880, owned from Richmond, Va., to
Huntington,W.Va., 428 miles; branches 9 miles; total operated,437
miles. Consolidation of Virginia Central and Covington & Ohio, and
opened through March 1,1873. The old company defaulted in 1873
and the road was sold under foreclosure April 2, 1878, for $2,750,000,
and reorganized under present auspices. The Eliz. Lexington & Big

the west, and in 1881 an interest in the
Memphis Paducah & Northern and tha
Kentucky Central roads was purchased for this company.
The annual report for 1879-80 was published in V. 32, p. 154, and
the President, Mr. C. P. Huntington, said in his report: “ The financial
condition of your company is good. Before any considerable amount
of money will be required to meet the interest on its bonds, the whole
and San Joaquin Valley railroads. In connection -with the Union Pacific, line of road will be laid with steel rails, well equipped with rolling
the Central Pacific forms a continuous line from San Francisco, Cal., to stock, and the track thoroughly ballasted, and, most of the way, with
CouncilBluffs, la. (1,918 miles), and there connects with the lines east¬ broken rock. Earnings and expenses were as follows:
Gross
Operating ’
Net
ward. Construction was commenced in February, 1863, and the main
line (Sacramento to Ogden) opened May 10,1869. The Union Pacific was Years.
Earnings.
Expenses.
Earnings.
$1,363,225
$339,308
$1,702,533
have
completed on the same day. The prices of stock 1880. been as 1881.
follows:
1881
1880.
1,936,360
1,594,739
341,621
100V 893*
July
74 V 69
9814- 86
87
8114
Jan....
384,209
1,891,542
1,507,332
94
871a
9314- 80is August.. 78 V 731^
845s- 8016
Feb....
2,514,245
1,945,018
569,227
98
8812
891*2- 831a Sept’ber. 76 - 711*3
83V 76
March.
Under the reorganization the stocks are as follows to July 1,1881:
79 34- 72
October
89
831*2
80
72
April..
Common, $15,906,138; preferred stock—first, $7,247,803; second,
86V 783*
98 V 8634 Nov’ber
72
63
May
$8,188,489. The “ B ” bonds take interest in first preferred stock till
97V 81
102V 941*3 Dec’ber
June
73 - 65
November, 1881; in 1881-82 3 per cent cash and 3 per cent stock; in
The annual report for 1880 in the Chronicle, V. 33, p. 327, had the 1882-83 4 per cent cash and 2 p. ct. in stock, and thereafter all cash. The
second mortgage currency bonds till July, 1884, take interest in second
following:
INCOME ACCOUNT.
preferred stock, then for two years partly in that stock and partly cash,
1880.
1879.
and afterwards all cash, if the earnings are sufficient but “ all interest
Receipts—
$7,634,504 not paid in cash to be paid in second preferred stock.” The cash interest
$5,946,434
Net earnings (over rentals)
254,617 on series “B” begins at $450,000 per year in 1881-’82, and runs up to
233,903
Interest on siuking funds
200,000 $900,000 in 1883-’84 and after. First pref. stock has prior right to 7
433,000
Land grant bonds redeemed
54,855 per cent from surplus; then 2d pref. to receive 6 per cent; both classes
97,808
Miscellaneous
348,140 precede the common. (V. 30, p. 141, 248; V. 31, p. 204, 405, 483, 509,

•Ogden, Utah, 883 miles, and auxiliary lines, 332; total, 1,215 miles;
•operated under lease or contraot—the Southern Pacific in California,
Arizona and New Mexico, 1,027; California Pacific, 115, and others, 299;
total, 1,441 miles; total length of road operated and accounted for Jan.
1,1881, 2,656 miles.
This was a consolidation (August 22, 1870) of the Central Pacific,
California & Oregon, San Francisco & Oakland, San Francisco & Alameda

-

-

-

-

-

.

.

-

.

..

.

...

Disbursements—

Interest on debt

$6,711,145

$8,492,116

$3,667,885

..

$3,715,325
3,406,530

$3,667,885
$3,043,260

$7,121,855

Dividend Nos; 9 and 10.

..

follows:
Dividend
Accounts.* Earnings.
to Stock.
Earnings.
$16,996,^16 $7,857,211 $9,136,005 $4,342,040 (8)
16,471,144
7,774,418
8,696,726
4,342,040 (8)

Earnings and dividends for
Ave.

Years. Miles.

1876.. 1,425
1877.. 1,783
1878.. 1,941

$1,370,261

Gross

several years have been as
Operating

Net

17,530,858
8,780,312
8,750,546
17,153.163 10,207,862
6,945,300
1880.. 2,300
20,508,112 12,045,668
8,462,444
3,406,530 (6)
*
Leased lines rentals included in operating expenses since July, 1878.

department makes the following exhibit: Total grant from
United States (12,800 acres per mile), 7,997,600 acres; grant to

The land

the
the California & Oregon

Sandy Railroad connects on

Elizabethtown & Paducah, the

652; V. 32, p.

154, 544.)

Cheshire.—Sept. 30,1880, owned from South Ashbumham, Mass., to
Bellows Falls, Vt., 54 miles; leased, Monadnock RR., Winchendon
Peterboro, N. H., 16 miles; and 10 miles Vermont & Mass; total oper¬
ated, 80 miles. Opened in 1848. $51,000 rental paid toVt. &
for leased portion of road. Gross earnings in 1879-80, $589,870;

to
Mass,
net
earnings, $151,718. Dividend, 3 per cent.
Capital stock—common,
$53,300, and preferred, $2,100,000. (V. 27, p. 537 ;V. 30, p. 518.)
Chicago dk Alton.—Dec.

31,1880, mileage as follows:

Dwight to Wash’gt’n&Lac’n
Roodhouse to Louisiana....
Total owned

Miles.

Miles.

Joliet to E. St. Louis (main)..
Branches—To Coal City

37
j*
Godfrey... lod

244 Leased—Chicago to Joliet...
Joliet to Mazon River
4

80
38
366

Bloomington to

.

Louisiana to Cedar City....
Kansas City to Mexico

Total leased
Tot. operated, Dec.

--

31, 1880.

Chartered as the Chicago & Mississippi, Feb. 27, 1847;
under act of January 21,1857, as Chicago Alton & St.
act of February 16, 1861, the present corporation

mi

474

840

reorganized

Louis, and unaer

Railroad, 3,724,800 acres; total, 11,722,400
succeeded to tn«
The lands have been sold mostly on five years’ time, with a cash
property, which was sold under foreclosure in the following year
payment of 20 per cent at time of purchase. There had been sold prior transferred to new organization in October, 1862. Chicago and 01.
to the execution of the land mortgage, October 1,1870,127,637 acres Louis were connected by the present line in 1864.
The Jonej
for $295,065, and since 1875 yearly sales as follows: 1876, 36,503 &
Chicago is leased from January 1, 1864, for the term 01
acres, at an average of $7 54 per acre; 1877, 92,647 acres, at $12 99 V charter, and forms part of the main line. Rental, 7 per cent on stock an
1878, 78,100 acres, at $8 242378; 1879, 43,258 acres, at $5 22V 1880. 8 per cent on bonds. The St. Louis Jacksonville & Chicago is
114,852 acres, at $3. (V. 31, p. 151. 428. 535, 558* 652, 672; Y. 32,
perpetuity from April 30,1868, at a rental equal to 40 per
p. 69, 93,121,154,199, 231, 658; V. 33, p. 73,153, 254, 337, 328.)

acres.




anu

leased m
cent of

OCTOBER,

RAILROAD

1881.

STOCKS AND BONDS.

xxi

Subscribers will confer a great favor by giving immediate notice of any error discovered in these Tables*
DESCRIPTION.
UU

V*.

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

first page of tables.

on

■Chicago<&

Miles

WAV******

Alton—(Continued)—

1st mortgage
Income bonds—

Joliet Sc Chicago,

do

do

220
220
38
38
150
37
37
150
101
101

Jack. & Ch., 1st mortgage........ .......
do
1st M. endorsed by C. & A..
do
2d M. endorsed by C. & A..
do
2d mortgage
Louisiana & Missouri, 1st mortgage
do
2d mort.(lnt. guar. C. & A.)
do
do
guar. pref. stock
do
Bonds for K.C.6t.L.& C. line, s.f. $60,000 after’79
Preferred stock do
guar. C. & A
Common stock
do
C & A. bonds on Miss. Riv. Bridge, 1st mort., gold
Chicago & Atlantic— 1st mortgage, gold
Chicago Burlington dt Quincy—Stows.
Republican Valiev stock
1st mortgage, sinking fund, (trust)
Consolidated mortgage coupon, (for $30,000,000)
Trust mort.on Iowa lines,coup.or reg.(s.r. 1*2 p.c.)
Bonds (Repub.Val. and Bur. &Col.bouds pledged)
Northern Cross R. R. 2d. mortgage, gold
Trust mortgage (Burlington to Peoria)
Plain bonds (coupon or registered)
Bonds of 1875, (sinking fund $13,860 per year)..
Dixon Peoria & Hannibal, 1st m... I
f
rnnnnn
Ottawa, Oswego & Fox Riv., 1st m I w°mavbe J
Illinois Grand Trunk, 1st mort
f SS
Quincy & Warsaw, 1st mortgage .. J registered. ^
B’ds for St. L. R. I. Sc C. (sink, fund $50,000) coup.
Quincy Alton & St. Louis, 1st mortgage, quar
Burl.& Mo. Riv., 1st on rid &400.000ac’sI’d ) Cp.

“

do
do

....

162

1878

....

fit. Louis
do
do
do

T868
1868
1870
1877

....

7 per cent, stock
1st mortgage, sinking fund

....

1863
1862

$1,000
500 &c.
100

....

1857
1864

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

1,864

689
....

100

270
46
281
40
....

500 &c.

1,000
1,000
500 <&c.

1,000
500 &c.

1,000
1,000
1,000
50 &c.

Jan., 1893
Jan., 1883
Jan., 1881
July, 1882

do
do
do
do
do
do
do
do
do
Chic.. HI. Tr. Sc

J. Sc
F. Sc
M. Sc
F. Sc

J.
A.
N.
A.
M. Sc N.

Q.-F.

do
do
do
do
do
do
do
do
do
Sav. Bk.

April, 1894
April 1, 1894
July, 1898

July, 1898
Aug., 1900

Nov. 1, 1900

Aug. 1, 1881
May 1, 1903

Aug. 1, 1881
May 20,1881
Sept 15,1881

8'

J. Sc J. N. Y., Bk. of Commerce.
J. Sc J. N. Y.N. Bk.of Com.&Bost
A. Sc O. N. Y., Bk.of Commerce.

Jam"l,*’i883

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

July" l"i890

Oct. 1,

1912

May 1, 1920

'

307.500

....

1872
1875
1869
1870
1870
1870
1876
1876
1863
1869
1870

40
70
44
40

....

....

....

IstM. on br.,C.B.&Q.stk.(5tli ser.) S or
Conv. bonds. C.B.&Qr.stk.(6th ser.) ) reg.

500 &c.

....

96

Dividend.

7*40
A. Sc O. N.Y., Jesup, Paton Sc Co.
6
6 g. M. Sc N.
New York.
2
Q.—M. N. Y., Bk. of Commerce.

2,493,000
13,981,000
11,500,000
7,895,000
691,000
653,000
552,475
390,000
545,500
1,076,000
890,500
720,000
2,325,000
840,000
4,454,550
136,000

1,000
1,000
1,000

A. Sc O.

A. Sc O.
J. Sc J.

1>2

7,895,000
1,000

Stocks—Last

Sc J. N.Y.,Jesupt Paton Sc Co.

6 g.

189,900
700,000
6,500,000
55,265,000

100

Where Payable, and by
Whom.

pal,When Due.

A. Sc O. N.Y.. Jesup, Paton Sc Co.
N. Y. U. 8. Trust Co.
Q.—J.
J. Sc J. N.Y. Jesup, Paton Sc Co.

8
7
7
7
7
7
7
3*2

1,750,000

1,000
1,000

When

Payable
J.

1\

188,000
360,000

....

1858
1873
1879
1881

825

1,008,000
1,500,000
306,000

100

....

466

7
7

$2,383,000

1,000

1877
1881

257
1682

Rate per
Cent.

439,100
300,000
262,100
2,939,000

....

....

Outstanding

2,365,000
564,000

100

Bonds—Princi¬

INTEREST OR DIVIDENDS.
Amount

7
4& 5
4
4 g.
7
7

5
8
8
8
8
5
5
7
8
8

A.
F.
A

J.
J.

Sc J.
Sc O.
& J.
Sc D.
Sc J.
& J.
& O.
& J.
& O.
& A.
& O.
& J.
Sc J.

Frankfort.

N.Y., N. Bk. of Com’ree.
Boston, Co.’s office.
Boston. Co.’s Office.
N.Y., N. Bk. of Com’roe.
New York and Boston.
Boston.

July 1, 1903
Oct. 1, 1919
Oct. 1, 1890
Jan. 1, 1896
June 1, 1895

July, 1889
July, 1900
Oct., 1890
N.Y.,Farmers’ L.&T.Co.
July, 1890
Boston.
Oct. 1, 1901
N.Y.,Farmers’ L.& T.Co.

Feb.
Oct.

1,
1,
Boston, 49 Sears’Bldg. July 1,
do
do
July 1,
Boston and New York.

1896
1893

1894
1889

Miles.
Miles.
reaches $700,000, with a minimum of $240,000
18
Com. stock, $1,293,000; pref., $1,034,000; Y. 32, p. 176. Pref. Nebraska City to Central City 150 Pacific June, to Council Bluffs
27
stock has prior right to a non-cumulative dividend not exceeding 7 per Nebama City to Nebraska City
95
148 Total
ct. from net earnings, and (after payment of 7 on com.) also shares with Hastings to Indianola
Amboy to Hubbell
52 Total operated Deo. 31,1880.2,772
common in any surplus. 3*2 paid on com. Nov., 1881. The La. &Mo.
Controlled since
221
River is leased for 1,000 years from Aug. 1,1870. Rental, 35 p. c. of gross Atchison to Columbus
Kansas City to Council Bluffs *199
earnings, but interest guaranteed on 2d mort. bonds and pref. stock as
above; the other pref. stock is $1,010,000 and com. stock $2,272,700. Total owned Dec. 31,1880...2,677 Council B. to U. P. trans. grds.
9
Winthrop J. to Atch. Bridge
1
The Chic. & Ill. River R. R. was sold in foreclosure Sept., 1879, and pur¬
Main line to East Neb. City..
Leased—
chased by this company. The Kansas City St. L. & Chic, was opened
2
50
through May 1,1879. It was built by the Chicago & Alton Company,
46 Amazonia, Mo., to Hopkins
.. 5
ranch to Hannibal
and is leased to said company in perpetuity from November 1,1877. at a
Grand total
rental of 35 per cent of gross earnings, less taxes and assessments. The
2,998
Used jointly—
bonds are held by United States Trust Company as security for the C. Sc
*
Alton to East St. Louis
28 miles of this included above
A. bonds of 1878 issued to build this road, and a sinking fund of
under “ Leased.”
$60,000 per annum provided for their redemption. Should the 35 per Hamburg to E. Nebraska City
cent he more than sufficient to pay bond interest and 7 per cent on
In 1880 the Burlingt’n & Mo. in Neb. was absorbed, 630 miles, including
the stock, the excess is to go to the lessees. The Mississippi River Bridge leased lines. A stock dividend of 20 per cent was then made, and a
is leased in perpetuity from December 3,1877, at a rental of $63,000, to further stook dividend of 66% was talked of in Jan., 1881. (See V. 32,
p.
be applied in payment of 7 per cent on $200,000 stock, and 6 per cent on 121.) The
Republican Valley RR. stockholders were given a deferred
:$700,000 bonds. New common stock (C. & A.) for $1,000,000 issued May, stook entitled to no dividends before Jan. 1,1885, hut in Oot., 1881, the
1880, see V. 30, p. 408. Prices of stock have been:
Chic. Bur. Sc Q. stock was given for this, in the proportion of three
-Comrnon.-Prcferred.-

earnings until the amount
a

year.

-

.

§uincy to East Louisiana ?

1881.

1880.

156 -149
150*4-134

January
February....

April
May

116

June

113

July
August

-106*4

September..

118

•October

130 -130
130 x125*2

144

-

136 VI 12*2
144 -131

November...
December

-136

147

-106*2

11538-110
118 x113*2

127 -124
124 -122*8

142*2-135
143 -127x

115 -108
108*2-103*2 '

120 -117
122 -122

140*2-132
147 -135

109V 99*2
110*4-106*2

March

1880.

-

139

-

132^-128

-113

130
144

-

159*2-136
Annual report for 1880 in V. 32, p. 264.
•have been as follows for four years past:
..

1877.

-140

160

-142

Operations,

1878.

1879.

$

Receipts—

Net earnings
■Other receipts

-130

142*2-142*2

-

chasing their bonds.

Kan. C. St. L.& ChicInterest on debt
Taxes*

2,706,156
33,000

3,625,401

2,329,930

2,739,156
$
754,913

3,894,906
$
11,067,991

574,372
109,427
926,898
28,000
48,497

Rentals paid

2,156,385
173,545

562,751
448,261
805,109
2,000
30,737

$

595,125

269,505

102,175

Dividends..Miscellaneous
La. & Mo. R. b’d acct.

561,279

155,961
765,776
29,500
30,737

771,360
147,418
854,359
102,006
30,737

2,503,983
2,400,341
2,215,852
2,973,871
8ur. 41,486 def.174,053 sur.338,815 sur.921,035

*

Back taxes paid in 1877, $8,667; 1878,
t Includes rental of Kan. C. St. L. & C.

$303,206; 1879, $31,025.

-(V. 28, p. 274, 298, 400, 428, 624; Y. 30, p. 246, 408; V. 31, p. 68;
V. 32, p. 264; V. 33, p, 47,224.)
Chicago <£ Atlantic—Road in progress from Marion, O., on line of N. Y.
Penn. & Ohio, to Chicago, 257 miles. Built as a connecting line for N. Y.
P* & 0. and N. Y. Lake Erie & West., aud both these
companies guaran¬
ty. the gross earnings on business over their roads to and from the
Unc. <fc Atlantic, as security for interest on the bonds. See V. 33, p. 23.

Chicago Burlington

Mainline—

& Quincy —Jan. 1,1880, mileage was as follows:

Branches—
Central Depot

205
281

2

Galesburg to Quincy
Galesburg to Peoria

100

jates City to Lewiston

52
30

Aurora to Turner Junction...

33
12

Lewiston to RushviUe

geneva to Streator
Bhabbona

67

to Rock Falls

46
62
44

Mendota to East Clinton
Buda to Elmwood

...

J*mc.to Cleveland, ILL.
Port Byron to Rock Island...




Chariton to Leon
Chariton to Indianola
Chariton to Chillicotlie
Creston to Hopkins
Creston to Fontenelle
Red Oak to Hamburg
Red Oak to Griswold

Burlington June, to Villesca
Hastings to Sidney
Hastings to Carson City

38
33
15

45
28

40
18
_

35
21
16

5
30

Albia to Knoxville
Knoxville to Des Moines
Leon to Grant City
Albia to Moravia

Bethany Junction to Bethany

29

260

2

Plattsmouth to Kearney June.
Omaha to Oreapolis

191
17

7

Crete to Beatrice

50

Rook

road deposited with trustees. Prices of stock have been:
1880.
1880.
1881.
Jan
152 -136
182*2-16738 July....x 125*4-120
Feb
148 -144*3 175 -160
Aug
x 139*2-126*2
Mar
149*2-140*2 169%-161*2 Sept
140 -126
Oct
146 -134*e
166*8-162
Apr
149V123

May

33
35

57
11

30

173
171

xl25-113*2

June

X122-113

-165

-162*2

1881.

165*8-154
161*2-149
166x-147*2

175*2-145*2
183*2-167

Nov
Dec

The last annual report was published at length, with an article on the
general situation of the company, in the Chronicle, V. 32, p. 347, 365.
years are as follows:
1877.
1878.
1879.

1880.

1,604

1,760

2,675

105

97

97

1,709

1,857
$

7,533,135

7,228,222

2,772
$
20,492,047
9,362,904

Comparative statistics for four
Miles owned
Miles leased & contr’ld.
Total

Total

1,575
46

1,621

operated

$

operating expens. 6,851,155

Net earnings
P.c. of op’g exp.

..

to e’n’gs

5,700,299
54*58

$

6,586,530 7,588,883
48*74
53*35

11,129,143
45*69

INCOME ACCOUNT.

17 Total
Income
42
Disbursements—

40

Galva to New Boston

Keithsburg Junc.to Keithsb’g

Burlington to Carthage
garthage to Quincy
sterling to Alton Junction

Keithsburg to Sagetown
Keokuk to Burlington

Enough of the C. B. & Q. consolidated mortgage

is reserved to take up prior debts. The bonds of 1876 for St. Louis
Island & Chicago Railroad are plain bonds of Chio. Burlington & Quincy,
offset by mortgage of like amoimt on St. Louis Rock Island & Chicago

Iliies.

Miles.

Chicago to Burlington
Burlington to Plattsmouth...

Q. 4 per cent bonds were then issued

-

2,257,338
$
528,658

Total income
Distoirsemen Is—

The C. B. &

against Rep. Valley and Bur. Sc Col. 5 per cent bonds held in trust, and
153 -153
an equal amount of Rep. Valley stook scrip was also issued to subscribers
149*2-149*2 to the bonds, such scrip being entitled after April 1,1882, to same divi¬
141 -140
dends as Chicago Burlington Sc Quincy stock, and exchangeable into
145 -145
that stock at the option of the Company on 30 days notice. See
147 -147
V. 33, p. 328.
The Kansas City St. Joseph Sc Counoil Bluffs and
150 -150
branches was purchased, 254 miles. See statements of those roads, prior
to consolidation, in Supplement of April 24,1880; also in Chronicle*
V. 30, p, 519, and V. 31, p. 228. The Chicago Burlington Sc Quincy was
a consolidation (Jan. 1, 1873) of the Chicago Burlington & Quincy in
Illinois and the Burlington & Missouri River in Iowa. The Q. A. Sc St.
L. was leased in perpetuity from Oct. 1,1876, at a rental of $42,000
a year.
The St. L. R. I. & C. was leased from Oct. 1,1876 ,at a rental o£
earnings, &c., $175,000 a year.
The Chicago Burlington Sc Quincy on its leases of the numerous branch
1880.
roads usually gave them a traffic guarantee of 40 or 50 per cent for pur¬

2,107,338
150,000

'

Total disbursem’ts.

shares for four.

1881.

..

Rentals

paid

Interest

on

debt

$
5,700,299

$
6,586,530 7,588,883

131,395
2,108,469

2,155,972

2,110,938
328,844
3,081,985
230,493
t 423,085
1,000,000

155,695

179,093

327,159

t 603,437

Dividends
2,479,715
Carried to sinking fund.
241,104
Miscellaneous
31,442
Transf’d to renewal f’nd

2,212,827

Total disbursements

6,351.244 7,354,438

Taxes

Balance, surplus

5,319,284
381,015

223,313
1,000,000

235,286

234,445

*12,028,458
203,006
3,282,718
441,590
4,366,064
563,385

1,250,000
10,106,763

§ 1,921,695

*
Includes $899,315 net receipts B. Sc M. in Neb. land grant,
t Including $264,656 foi taxes 1873 and 1875.
1 Balance of accounts written off.
§ A stock dividend of 20 p. c. was declared, representing $6,218,539
of accumulated income surplus, reduoing the surplus by that amount.
_

-(V. 29, p. 67, 119, 356,

658; V. 30, p. 16, 116, 221, 248, 334
»

xxii

RAILROAD STOCKS AND BONDS.

■

Subscribers will confer a great favor

by giving immediate notice of any error discovered in these Tables,
INTEREST OR DIVIDENDS.

DESCRIPTION.

Date
of
of
Road. Bonds

Size, or

1873
1878
1872
1880
1877

$500«fce.

Miles

For explanation of column headings,
oh first page of tables.

<fcc., sec note8

Chicago Burlington <& Quincy—(Continued)—
Buri. & Mo. in Neb., bonds, convert, till Jan., 1882
do
consol.M.for $14,000,000, s.f. $30,000
do
Omaha & S.W., 1st M., guar
Burl. & Mo. bonds, s. f. for Atch. & Neb. RR. stock
Nebraska consol, mort., guar
....

Republican Valley RR., bonds

.

.....f

191
49
....

133
....

Atchison & Nebraska. 1st mortgage
Lincoln & Northwestern RR. bonds
Kansas City St. Jo. & C. Bl., mortgage
do
income bonds, reg...
do
'

Chicago dt Canada Southern—1st mort., gold
Chicago Cincinnati dk Louisville—1st mort
Chicago Detroit dk Canada Grand Junction—1st M
Chic <t- East. Gt-—stork
1st M., coup. is. f. $20,000 after ’85)
2d mortgage income (non-cumulative)
Evansv. & T. H., Stock ($100,000 is pref. 7)
do
1st M., Ev. & m., sink, fund
do
1st M., s. f.,(Evansv. to T.H.)

.

149
....

274
67
73
59

....

1878
1880
1877
1877
1872
1867
1859

.

do

Consol, mort.,

gold (for $3,500,000)

Tt'anirillo At fivunA Crpp.lf Ttrn.iip.li

ist,

123
123
115
51
109
144

1877
1877

330

....

Chicago Iowa dk Nebraska—Stock
2d mortgage (now 1st)
3d
do ~ (now 2d)

330
66
80
80
82

82
82

1,729
1,729
y’rly, not cumulative)
Consolidated mortgage' (for $35,000,000)
370
1st mortgage (Lacrosse Div.) ) Coup., but may (
370
2d mortgage
Sfobc registered^
220
1st mortgage (Iowa <fc Minn.) ) ®by endorsem’t (

Chicago Milwaukee d St. Paul--Com. stock
p. c.

....

Par
Value.

Outstanding

600 &c.

....

100 &c.
...

100 &c.
100

1,000
500 &c.
100
100
100 &c.
100 &c.
50

3,347,000
1,828,800
2,504,000
1,125,000
600,000
4,495,522
2,488,174
2,541,000
1,000,000
1,095,000
3,000,000
3.000,000
767,000
3,000,000
281,000

1852
1854

1,000
1,000

611,000

1886

1,000

1880
1880
1880
1870
1871

JBlOO&c
500
500 <fcc.

2,078,000
250,000
5,174,176
4,000,000
654,656
600,000
1,150,000
3,916,200
220,000
211,500
21,404,261
12,279,483

1860
1863
....

...

1,000
1,000
100
100 &c.
500 &c.
100
100

Rate per

When

Cent.

Payable
J. &
J. &
J. &
A. &
A. &
J. &
M. &
J. &
J. &
A. &
A. &
J. &
J. &

.8
6

$157,000
8,105,400
1,034.000

1,000
1,000
1,000

8
4
7
6
7
7
7
6
7
6
6
7

2*3
7
7

6

8
8

&
J. &
J. &
J. &
F. &

3*2
3*a
7

387,000

7
7

1867

1,000

3,681,000

7

Chicago <£• Canada South— Dee. 31,1880, owned from Grosse Isle, Midi.,
O., 67 miles. On Nov. 1, 1879, it was transferred to the Lake
Shore <fc Midi. South. It has a capital stock amounting to $2,667,400
and a bonded debt of $2,541,000, and owes upwards of $1,200,000 over¬
due coupons. Original cost, $5,176,557. It is a part of a projectedjine
between Chicago and Detroit River, but failed in 1873. It is said that

miles;

S locks—Last

Whom.

Dividend.

J.
Boston, Office.
J.
do
D.
do
O. Boston, N. E. Trust Co.
O.
Boston, Office.
J. Bost., 49 Sear’s Build’g.
S.
Boston, at Office.
J.
Boston.
J. Boston and New York.
O.
Boston, at Office.
O. N. Y., Union Trust Co.
J. N. Y., Farm. L. & T. Co.
J.
London, England.

Jan.

Sept.

N.

1. 1883

July 1, 1918

June 1, 1896
Jan. 1, 1910
Oct. 1, 1896

July, 1918-19
Mar.
Jan.

1, 1908
1, 1910
Jan. 1, 1907
Jan. 1, 1907
April 1, 1902
Jan., 1887
July 1, 1884
Dec.

1, 1907
Dec., 1907
0)

Jan. 1, 1887
Nov. 1, 1887

July 1, 1921
Jan.

Y., Company’s office.

1, 1900

July 1, 1930

A. &
J. &

4
5
7

10,133,000
6,500,000

Where Payable, and by

& J. New York and London.

J.

1,000
1,000
1,000

-Bonds—Princi¬
pal,When Dae.

J. & D. New York, 4th Nat. Bk.
Dec.
do
do
M. & N.
Company’s Office.
J. & J. N.Y.,Farm. L’an& T.Co.
M. & N.
do
do
do
J. & J.
do

6 g.
7
6

1875
1863
1864

354, 519, 533, 56G; V. 31, p. 179, 228,240, 259, 288, 3S1,405,-428,
453, 588,652; V. 32, p. 15. 44,121,231,347,365,541, 544, 658; V.
33, p. 124, 201, 221, 281, 305, 328, 384.)
to Fayette,

Amount

mnirt,

Chicago dk Grand Trunk—1st mortgage, $ and &—
2d mortgage, income
Northwest. Grand Trunk, 1st mort
Chicago dk Iowa—lBt mort., coup., may be reg
2d mortgage

Preferred st’ek (7

fVoL. xxim.

J.
do
do
Jan. 1, 1910
J. New York and Boston. Jan. 1, 1900
do
J.
do
Aug. 1, 1901
J. Boston, by Treasurer.
July 1, 1881
J. Boston, Merchants’ B’k. J.&J.,1881-83
A. N. Y., Nat. Park Bank. Aug. 15,1892
Oct. 15,1881
New York, Office.
O.
do
do
Oct. 15,1881
do
J.
do
July 1, 1905
J.
do
do
1893
O.
do
do
1884
J.
do
do
1897

near

Sabula, la., with branches, 324 miles;

J.
J.

....

A. &
J. &

J.

La Crescent to

Tomah to Jenny, 109

&

&

miles; Mineral Point to Warren, and branch, 51
miles; Chicago to Lanark Junction, 115 miles; Sioux City to Yankton,
w ith branch, 131 miles; Minneapolis to Burton, 28 miles; from Bridge¬
water west, 80 miles; and small branches, amounting in all to 100

miles; total operated, 3,775 miles.

.

The Milwaukee & St. Paul Railroad

Company

was

organized May

5, 1863, and embraced a number of other companies,

including the
Mississippi, the Prairie du Cliien, the Lacrosse & Mil¬
waukee, and others.
The Milwaukee & St. Paul afterward pur¬
the road will be extended to a connection with the Lake Shore A chased the St. Paul & Chicago Road and others, and built the line
Michigan Southern Railroad at Elkhart or Chesterton.
from Milwaukee to Chicago, and on February 11, 1874, the company
took its present name.
In February, 1880, the Hastings & Dakota
Chicago Cincinnati iC- Louisville.—Dec. 31, 1880, owned from Peril, Railroad -was
Ind., to La Porte, Ind., 73 miles. Opened in 1858. It is a reorganiza¬ and the Siouxpurchased, and in March and April the Chicago & Pacific
City & Dakota. The Western Union Railroad was leased
tion of the Cincinnati Peru & Chicago, and forms a part of the line
in 1879 for 999 years, and the bonds wore to be retired by the issue of
from Indianapolis to Michigan City. No information is furnished by the
the Chic. Mil. & St. Paul bonds secured by mort. on that road.
Of the
officers.
consol, mort. bonds of 1875, enough are reserved to take up the prior
Chicago Detroit d* Canada Grand Junction.— Dec. 31, 1880, owned bonds, and any of the holders of those bonds (except the Iowa & Dakota
from Port Huron, Mich., to Detroit June., 59 miles. Opened in 1859. division) may exchange them for the
consol, bonds. The latter had a
Leased to Grand Trunk of Canada. Operations, expenses, &e., included sinking fund of 1 per cent per annum, but holders
may have their bonds
in lessees’ returns.
Rental—interest, quarterly, $65,700, and dividends, stamped and discharged from the operation of the sinking fund. The
semi-annually, each 2 per cent, $43,800. Capital stock, $1,095,000. and Southern Minnesota bonds were all to be exchanged for the bonds of this,
funded debt, $1,095,000.
The road is the absolute property of the company secured on that line (see Y. 30, p. 433), and the condition of
lessees, but a separate organization is maintained in Michigan.
those bonds before consolidation may be seen in the Supplement of
Chicago <6 Eastern Illinois.—June, 1881, owned from Dolton, Ill., April 24, 1880. In June, 1881. stockholders authorized the issue of
to Danville, III., 107*2 miles; Covington, Ind., to Coal Creek, Ind., 9 $5,000,000 new common stock, which was allotted to common and pre<
miles: Danville to Grape Creek, 7 miles; leased, Dolton to Chicago ferred stockholder's of record on Sept. 20 at par, to be issued Oct. 1,
(C. & W. I.), 17 miles; Evansville T. Haute & C. RR., Terre Haute to Dan¬ 1881.
The preference of the preferred stock is a prior right to a non-cumulaville, Ills, 55 miles ; Otter Creek to Brazil, Ind., 14 miles ; Danville, Ill.,
to Covington, Ind., 13 miles; controlled, Evansville & Terre Haute road, tive dividend of not exceeding 7 per cent from net earnings (except that
130 miles; total operated and controlled, 352 miles. Evansville Terre $250,000 above interest on bonds may be reserved as a working capital,
Haute & Chicago leased May 1,1880, lor $75,000 per year. In May, before payment of the dividend.) Alter payment of 7 on preferred and
1881, purchased a majority of the stock of the Evansville & T. Haute 7 on common, both classes share pro rata. Prices of stock of the Chicago
road, giving a through line, Chicago to Evansville. The Chic. & East Milwaukee & St. Paul have been:
Illinois was chartered as Cliic. Danv. & Vinc/in 1865, and opened in 1872
Common.-Preferred.
1880.
1881
and 1873. bold under foreclosure Feb. 7, 1877, and reorganized under
1880.
,1881.
8012- 7514
124*4-109*4
10312-10058
132 -122
existing style Sept. 1,1877. Report for ten months to June 30, 1881, January
in Y. 33, p. 411. Dec. 1, 1880, 4 per cent interest for 1879-80 was paid February....
81»8- 76*4
11712-10112
10410-10218
12612-117
on income bonds.
(V. 28, p. 113, 327; V. 29, p. 146, 488; V. 30, p. 91, March.
853s- 79
11410-106
107*2-103*4
126 -120%
221; V. 31, p. 327,451,510; V. 32, p. 437,500*V. 33, p. 100,411.)
113%-108
83ie- 753s
10538-102
126*3-119%
April
78
66I2
129 -1125Q
102%- 99
140 -125%
Chicago <6 Grand Trunk—This, is the consolidation of roads between May
106 - 9978
8II2- 6812
12914-120
135V132
Detroit and Chicago formed in April, 1880, under the control of the June
89 - 73
138*4-128
12838-10712
HO -102
Grand Trunk of Canada; 335 miles operated. It includes the former July
9114-87
116*4-110*0
11212-108
133*0-129*3
Port Huron & Lake Michigan and the Peninsula roads, sold in foreclosure. August
9518- 8712
12238-llli2x[p.ll4 -10912 133%-24%x p,
Stock, $6,600,000 in $100 shares. The Grand Trunk of Canada gives a September..
xl21 -x09is
106i2-x91
traffic guarantee of 30 per cent of gross earnings on business to and October
November...
11278-101*4
124 -1175s
from the Northwest Grand Trunk Road, to apply for 20 years on the
12418-119
first mortgage interest and for 30 years on the Northwest Grand Trunk December... 114%-105
interest. (V. 30, p. 322,384)
An abstract of the last annual report was published in the Chronicle,
Chic. <f Iowa.- June 30,1881, owned from Aurora, Ill., to Foreston', Ill., V. 32, p. 466. The following table show s the operations earnings, cap¬
80miles; leased,Flagg Centre to R ijkPnd, 24 miles; total operated, 104 ital account, &e., for four years:
1877.
1878.
1880.
1879.
mllee. C lartered in 1869 and opened in 1872. In hands of a Receiver for
3,7751,412
1,512
2,359
two years and a-half, and sold Mar. 9,1878, in foreclosure of second mort¬ Miles operated
operations AND FISCAL RESULTS.
gage of $1,150,000, but the sale and all foreclosure proceedings were
canceled and overdue coupons were paid.
Gross earnings for year Passenger mileage... 55,925,449 65,498,189 78,119,592111,561,919
ending May 31, 1881, were $650,000 and net earnings $350,000. Cap¬ Rate per pass. p. mile
3*21 cts.
3-09 cts.
2-93 cts.
2-84 ctsital stock, $1,328,000, and funded debt, $1,750,000; total stock and Freight (tons) rnil’ge.271,598,133 321,818,902 401,595,734 504,876,154
bonds, $3,078,000. Cost of road and equipment, $3,158,000. This road Av. rate p. ton p. mile
2*08 cts.
1'80 cts.
1*72 cts.
1*76 cts
is used by the Chic. Burl. & Quincy to connect with the Ill. Cent. (V. 30,
Total gross earn’gs...
p. 168 ; Y. 31, p. 44, 122; V. 33, p. 99, 124, 321.)
8,114394
10,012319 13,086,119
4,540,433
4,792,313
5,473,794
7,742,425
Chicago Iowa dZ Neb.—July 1,1880, owned from Clinton, la., to Cedar Total operating, exp.
Rapids, la. (all steel), 82 miles. Chartered in 1853 and opened in 1858.
Net earnings
5,343,694
3,659,454
4,539,025
3,574,461
Bndge over Mississippi opened in 1856. Leased to Galena & Chic. Un. at
59-2037*2 per cent of gross earnings, and now operated by Chic. &Nortliw.; the P.c. of op.ex. to ear’gs
56-00
56-70
54-70
maximum rental by subsequent agreement not to exceed $500,000 a
INCOME ACCOUNT.
year. Interest liability, $47,383, and dividends (10 per cent), $391,620;
1880.
1877.
1878.
1879.4
total fixed charges, $439,003 a year. Capital stock, $3,916,200; funded
$
$
$
$
Receipts—
debt, $676,000; interest and dividend balances, $9,592, and surplus Balance
3,531,538
2,520,074
1,433,645
2,359,306
January 1...
account, $341,894; total, $4,943,686. Per contra—Construction, $4,602,- Net
5,343,694
3,574,461
4,539,024
3,659,454
earnings
123, and cash and cash assets, $281,563; total, $4,943,686. The first Other
324,298
13,430
74,517
receipts
mortgage has been satisfied and canceled as of record.
Chiccgo Milwaukee
St. Paul.—Dec. 31, 1880, the following was
Total income.....
7,133,615
6,032,190
5,008,106
officially reported as the mileage owned and operated Chicago to Mil¬
Disbursements—
$
$
$
waukee,9 5 miles; Milwaukee to La Crosse, 196 miles; La Crosse to St. Interest on debt
2,837,385
2,287,407
2,135,730
2,162,159
a
<12 040
Paul, 13C idles; Milwaukee to Prairie du Chien, 194 miles ; Milton to Miscellaneous
859,564
Monroe, 4l miles ; North McGregor to St. Paul, 212 miles ; Conover to Dive, onpref. stock*.
859.564
1,289,346
429,607
Decorah, 9 miles; Mendota to Minneapolis, 9 miles; Calmar to Marion Divs. on com. stock
385,106 f 1,078,298
81,000
Junction, 287 miles ; Austin to Mason City, 39-miles ; Hastings to Orton- Sinking fund
70,000
’“53,000 “*55,666
ville, 202 miles ; Davenport to near Fort Atkinson, 153 miles ; Water- Balance, surplus
4,343,2833,531,538
2,520,074
2,359,306
town to Madison, 37 miles; Milwaukee to Portage, 98 miles; Mad¬
ison to Portage, 39 miles, Sparta to Melvina, 12 miles; Lisbon to Necedah,
9,199,539
Total
7,133,615
5,008,106
6,032,190
13 miles; Wabasha to Zumbrota, 59 miles; Horicon to Berlin and Win*
neconne, 57 miles; Ripon to Oshkosh, 20 miles; Sabula to Cedar Rapids,
A portion of these dividends on preferred stock was stated as‘
92 miles; Paralta to Farley, 44 miles; Racine to Rock Island, 197
miles; out of the earnings of the previous year as follows: In 1877, $429,ov/ »•
Eagle to Elkhorn, 17 miles, and Eldridge to Maquoketa, 32 miles; Glen¬ in 1878, $859,564; in 1879, $429,781; and in 1880, $429 781. ...«M
coe to Ortonvilie and beyond,1206 umes ; . ; Crosse to
Madison, 375
t$963»931 paid out of 0j.ra1.1gs of 1879. BBOCEM
—




Milw aukee &

.

,

,

-

-

8,451^767

•

9,199^530

..

RAILROAD

1881.]

October,

DESCRIPTION.

Chicago
1st

Date
Size, or
of
of
ParRoad. Bonds Value.

Paul—(Continued)—

49

(Minnesota Central).

mortgage (Iowa

& Dakota)....

•

lit M. .Ia.&Dak. Ex t.($15,000 p.m.)

Coup., but
may be

2d

registered {
by end’rse

(Prairie du Chien)...
mortgage (Prairie du Chien)...

1st mortgage

Milwaukee & Western

-

ment.

St P.&C.lst M.(Riv.D.)$A£(conv.)
1st mortgage, Hastings
1st M., Chic. <fe Mil. line

....

on Chic. <fc Pac. Div., Chic, to Miss. Riv..
mort. on So. Minnesota Div. ($9,000,000)
Land grant income bonds

mort.

mort. on Hastings & Dakota Div..... ....
mort. on Chic. Clinton Dubuque & Minn
old mort.
do
mort. on Wisconsin Valley RR

....

.

Prior mort.

»

130
75
85
160
212

•

1st

1st
1st
16t
1st

•

300
235
235

& Dakota.
Bonds for Davenport & Northwest RR
1st mort. on 8. W. Div. Western Union RR
1st

BONDS.

.

....

540
....

1864
1869
1878
1868
1868
1861
1872
1872
1873
1879
1879
1880
1880

158
300
223
107
107
99
250
47

....

Amount

Outstanding

$1,000
1,000
1,000

4,226,000
3,674,000
1,315,000
215,000
4,000,000
121,000

1,000

2,500,000

....

1,000
1,001
1,000

3,000,000

7,000,000
373,000
4,210,000
6,000,000

....

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

1878

1.000

1,000
1,000

400,000
1,700,000
1,103,965
2,160,000

....

107
500

4,200,000
780,000
600,000

100
100
100 <fee.
100 Ac.
100 Ac.
500 Ac.
500 <fec.

....

1859
1862
1859
....

1862
1853

300,000
14,988,257
21,525,352
971,400
116,000

1,000
1,000

180,000
1,632,000
153,000
261,000

1,000

246,000

1,000

....

1863
1863

1%

3,440,300

LAND

GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAR.

$
59,001,257

$

Assets—

Railroad,equipm’t,.fee 56,886,833
1

Stocks owned, cost...
Bonds owned, cost...
BillSife acc’tfi rec’vable

1879.
$

1878.

63,399,448

99,185,683

7,133,028

2,163,567

483,604
385,071
801,694

783,992
564,715
382,951

1,750.000
112,329

”232,736

353;i71 } 2,469.096
161,653

1880.
$

1,181,047

185,610
133,127
976,160

264,565

318,660

60,562,205

63,083,910

74,066,074 103,313,644

15,404,261

15,404,261
12,279,483
41,349,500

199.186

Materials, fuel, Ac. ..
Cash on hand
Daren. A;N’wTest RR.
Miscellaneous items..
Total

$
Liabilities—
15,404,261
Stock, common
12,279,483
Stock, preferred
Bonds(soe Supplem’t) 29,954,500
200,099
All other dues A acc’ts
Inoome account
2,359,306

364,556

Unpaid pay-rolls, Ac.

12,279,483

32,088,500
305,877
2,520,074
484,715

,

789.927

3,531,538
711,365

Advances

Total liabilities...

60,562,205

63,083,910

$
15,401,261
12,401,483
67,172,000
2,067,165
4,343,283
1,048,541
873,911

July 1, 1908
1898
1898
1891
Jan.. 1902
1902
1903

/919
July 1, 1909
Jan.
Jan.

1, 1910
1. 1910
1890

Jan.

1, 1910

July 1, 1920
Feb. 1, 1884
July 1, 1920
Jan.

1, 1909
1910

Jan.

1, 1921
Oct., 1883
Feb. 1, 1894

June l. 1908

Aug. 1,
1,
Aug. 1,
Aug. 1,
Aug. 1,
Nov.

1885
1883
1885
1885

1885

Feb. 1, 1882
Jan. 1. 1884

Sept. 1, 1898
Jan.

1, 1888

COMMISSIONER’S REPORT.

traots, $36,678; and from miscellaneous collections, trespass, stumpage
on timber lands, &c., $7,308; total receipts, $560,994.
TABLE OF LAND GRANT LANDS FOR YEAR ENDING MAY 31, 1881.
Acres
Name of
Land grant.

acquired

deeded

unconveyed

during

during

Aoree not

Acres

Acres

May 31,’80.

year.

year.

59,710
32,400
9,077
13,349

267,096

Minnesota.... 1,122,305

583,186

Wisconsin

74,066,074103,313,644

1894
1899

The quantity of lands sold from various grants was as follows: From
the Minnesota grant, 116,555 acres; from the Michigan grant, 51,598
acres; from the Wisconsin grant, 6,533 acres; and from the Menominee
River grant, 17,529 acres; total sales, 192,217 acres. There were also
sold 750*2 lots from the grants and lands that were platted and laid out
for town sites at different points along the new lines of road. The total
consideration received in cash and contract obligations for lands and
lots sold amounted to $646,907. The number of acres actually deeded
during the year was 114,539; and the number of acres at the end of the
year contracted to ho sold was 284,116. The moneys received from
oasli sales and advance payments amounted to $368,369; from instal¬
ment payments on time sales, $148,63|8; from accrued interest on eoi>-

Michigan

351,402

Men. Riv. RR.

-(V. 30, p. 116, 144,191, 322, 356, 384, 394, 406, 408, 433, 518, 544,
<524, 668; V. 31, p. 44, 56, 94, 152, 328,483, 535, 445, 558; V. 32, p.
155,183,205, 288, 367, 438, 456,466,569,635; V. 33, p.254,411,

Stocks—Last
Dividend.

Whom.

^

7
7
7
7
7
7
7
7
7

676,300

Payable, and by

A J.
New York Office.
& J.
do
do
do
& J.
do
& A.
do
do
do
do
A A.
& J.
do
do
A J. London and New York.
A J.
New York, Office.
A J.
do
do
A J.
do
do
do
& J.
do
A J.
do
do
do
& J.
do
J. A J.
do
do
do
do
J. & J.
J. A J.
do
do
do
do
F. & A.
do
do
J. A J.
Boston.
J. A J.
New York. Office.
J. & J.
J. A J.
do
do
A. & O.
do
do
F. & A. N. Y., Nat. Park Bank.
J. A D.
do
do
J. & D. New York, Co.’s Office.
do
do
Q.-M.
do
F. A A.
do
M. & N.
do
do
F. & A.
do
do
do
F. & A.
do
F. & A.
do
do
F. & A.
do
do
do
do
J. tfe J.
M. A S.
do
do
J. & J.
do
do

7
5
•
6
6
6
7
7
6
7
6
7
5
5 S’
7
7 g.
7
3

2,500,000
4,000,000

....

1880
1880
1879
1880
1879
1880
1881
1863
1874

Bond#—Princi¬

pal,When Due.

J.
J.
J.
F.
F.
J.
J.
J.
J.
J.
J.
J.
J.

7
7
7
8
7*3
7
7 g.
7

582,000

i,ooo

....

Rate per When Where
Cent.
Payable

$183,000

1,000
1,000
1,000

....

Mineral Point Division
Chic. & Pac., West. Div., M., gold, $20,000 p. mile
do Dubuque Southwestern, 1st mort
61*2
do S. City & Dak., Dak. So., 1st M., coup., s. t.
53
do
do
Sioux City & Pembina, 1st mort.
2,154
Chicago <£• Northwestern— Common stock
2,154
Preferred st’ck (7 p. c. y’rly, not cumulative)
193
Bonds, pref. (sink’g fund), 1st mort., Chic, to Osh.
193
Interest bonds, funded coup., 2d m., Chic, to Osh.
193
1st mort., general, 3d mort., Chic, to Oshkosh—
23
Appleton extern, 1st mort. on 23 miles and land..
26
Green Bay exten., 1st mort. on 26 miles and land
248
1st mort., Galena & Chicago Un. RR. extended...
Mississippi River Bridge b’ds, lien on net earnings
74
1st mort. (Peninsular RR.) on roads and lands...
46
1st mortgage (Beloit tfe Madison Railroad)
1st mortgage,

1877.

xxiii

INTEREST OR DIVIDENDS.

Miles

first page of tables.

Milwaukee <£ St.

1st mortgage

AND

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

Subscribers will confer a

on

STOCKS

92,090

33,49*1

Acres
under
contract.

deeded nr
contracted
to be sold.

232,136
46,226
1,454
4,299

1,097,553
504,559
340,870

107,932

300,588
114,539
234,116
2,050,917
report, in tbe Chronicle, V. 33, p. 199,
showed the following earnings, expenses, Ac., for the whole line, includ¬
ing proprietary roads:
Total

441.)

2,148,984

An abstract of tbe last annual

Chicago A Northwestern—At the end

of the fiscal

year,

May 31, 1881,

made up in the annual report as follows: Wisconsin
OPERATIONS AND FISCAL RESULTS.
Division, 329 miles; Galena Division, 313 miles; Iowa Division, 496
1880-1.
1877-8.
1879-80.
Operations—
1878-9.
miles; Madison Division and Extension, 227 miles; Peninsula Division,
4,482,317
274 miles; Milwaukee Division, 85 miles; total Chicago A Northwestern Passengers carried...
3,416,413
3,328,427
3,964,798
Railway, 1,725 miles. Proprietary roads : Winona & St. Peter Railroad Passenger mileage... 118,877,406 116,068,482 140,116,884 164,333,508
2*53 cts.
and branches, 662 miles; Iowa Midland Railway, 71 miles; Northwest¬ Rate per pass. p. mile
2*83 cts.
2'79 cts.
2*67 cts.
6,662,112
ern Union Railway, 63 miles; Toledo A Northwestern, 83 miles;
4,265,937
5,574,635
Sheboy¬ Freight (tons) moved 3.911,261
gan & Western Division, 78 miles; Milwaukee <fe Madison Division, 92 Freight (tons) mil’ge.623,768,593 681,873,311 865,909,542 980,522,774
1*49 eta.
1*47 Cts.
1*72 cts.
1*56 cts.
miles; Iowa Railway Coal & Manufacturing Co., 3 miles; total pro¬ Av. rate p. ton p. mile
prietory roads, 1,051 miles. Total miles of Chicago A Northwestern
$
$
$
$
Earnings—
and proprietary roads, May 31, 1881, 2,778 miles.
The Chicago Passenger
3,737,343
4,158,130
3,240,696
3,366,679
St Paul tfe Fond-dii-Lnc Railroad, which was a consolidation of seve¬ Freight
10,754,168 10,637,368 12,897,778 14,414,151
ral roads, was sold in foreclosure June 2, 1859, and the Chicago A North¬ Mail, express, Ac....
761,791
714,228
702,857
630,216
western Railway was organized as its successor writh a mileage then of
193 miles, not all complete. In 1864 the company absorbed the Dixon
Total gross earn’gs. 14,751,063 14,580,921 17,349,349 19,334,072
Rockf. A Kenosha, the Gal. A Chic. Union and the Peninsula RR. of Mich.
8,049,358
9,979,619
7,349,653
7,260,119
Operating expenses..
In 1878 the Lacrosse Tremp. & Prescott RR. was also consolidated.
382,241
446,202
357,996
Taxes
360,827
The progress of the company in mileage, traffic, earnings, Ac., is best
shown in the comparative tables below. Quarterly dividends were com¬
8,431,599 10,425,821
Total
7,707,619
7,620,946
menced on the preferred stock in February, 1879. The sinking fund
8,917,750
8,908,251
6,873,272
Net earnings
7,130,117
bondsof 1879 are secured by a deposit of mortgage bonds, on the newT
roads acquired at the rate of $15,000 per mile, and the terms under P.c.of op.exp. to earn.
52*86
48*59
53*92
51*66
which these are issued were published in V. 29, p. 277. The deed sets
INCOME ACCOUNT.
forth that this company issues its sinking fund bonds, to rim 50 years
1880-81.
1879 80.
1878-9.
1877-8.
from the 1st day of October, 1879, interest not exceeding 6 per cent,
the

mileage

was

‘

mid in amounts not exceeding $15,00o per mile of railroad actually con¬
structed or acquired; $2,400,000 of which are to be issued for the pur¬
pose of enabling it to execute its several contracts with the several

railway companies mentioned in the deed, being at tbe rate of $15,000
per mile of the railroads to bo so added to its general system; and the
residue of said $15,000,000 of bonds may be issued from time to time,
as said first
party shall determine, only for railroads to be built, or in

other manner acquired for the sole use and benefit of said first party,
and not to exceed in amount $15,000 per mile of road so built or ac¬
quired and ready for operation. Preferred stock has prior right to 7
per cent; then common entitled to 7; then preferred has a further prior
rie;ht to 3 per cent.; then common to 3; then both classes share.
The prices of stock have been as follows :
Common.

,

1880.
1880

January
February....
March

April

May

...

....

.....

June

Juy

’

August
September...

■October

November...
December...

>

1881.
136

92*2- <
ooi~ 89
933i- 88*2
97 - 91*2
97 - 92*6

-I23I4
13414-117
12512-119
12478-119*4

93%- 8712
9514- 87 7s

-1243i
13238-X1243Q

99is- 87is

13178-121
12758-122

1017g- 97i8
106 - 9914
11738-105
130 -IIII2
1293i-11734

135

127 3i-122 3i

_

Preferred.

,

1880.

1073t-104i4
10714-104
IIOI2-IO6I2
110*2-10778
10938-10534
110

-107

.11512-10758
12534-11518
12612-11834
14214-122 34
14612-134

14514-13612

*

1881.

147i2-13978
145
138
137
146
144
145
140
140

-13118
-13134
-13112
-13712
-137*2

$

Rentals paid
Interest on debt

$
1,213,219
3,339,195

1,225,732

Dividends ....'

1,956,034

Sinking funds
M i Rcp.1 Tan cons

113,120

8,917,750
$
1,408,003
3,322,015
2,405,521
98,120
9,442

Disbursements—

$

3,261,793
2,105,868
98,120

95

6,621,663

6,691,513
202,770

-

$
8,908,251
$
1,384,732
3,647,897

2,420,273
-

7,243,101

508,454

Total disb’rsem’ts

Balance, surplus

1.674,649

GENERAL BALANCE AT

CLOSE OF FISCAL YEAR.

1880-81.

$122,431,583
200,000

Railroad, buildings, equipment, Ac
Real estate in Chicago
Des Moines A Minn. Railroad account

363,809
1,233,235
1,125,779

Bonds owned
Bills and accounts receivable

Materials, fuel, Ac
Cash on baud
Trustees’ sinking

98,120

7,551,022
1,357,223

Assets.

_

fund

1,255,098
1*977,865
1,117,000

$129,704,369

Total

-13534
-13512

The company has a land grant and the summary of the Commissioners’
report Showed that in 1880-81 192,217 acres and 750 lots were disposed
<>f for
$646,907, the average price of each acre sold being $3 07. The
lands on hand
May 31,1881, not deeded or contracted were 2,050,917
acres.




$

6,894,283

-136

_

__

$

7,130,117

Receipts—
earnings

Net

Liabilities.

Stock, common (less amount held by company)
Stock, preferred (less amount held by company)
Stocks of proprietary roads, <fcc
Bonds, including live bonds in sk’g. fd. (see Supplement).
Bonds purchased
Dividends declared, not yet due
*

Including $500,000 to be issued for La C, Tremp.

$15,093,488

*21,650,783
21,«44,6oO

57,006,000
363,000

A P. stock.

831,481

Subscribers will confer a

great favor by giving
Miles

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

notes

of

1876-90.
do
do

137
137
175
75
62
24
24
15

Peter, 1st mort., guar by Chic. ANW.
2d mort., guar, by Chic. A N. W.
lstM. extern,gld, land gr.,s. f..

Iowa Midland, 1st mort., guar, by Chic. AN.W..
Northwestern Union, 1st mortgage, gold
Minnesota Valley, 1st mortgage'
Rochester A No. Minnesota, 1st mortgage
Plain View Railroad, 1st mortgage

Chioago A Tomah, 1st mort., guar
Milwaukee A Madison. 1st mort., guar
Sinking fund bonds ($15,000 per mile)

1876-S90.I

•

•

....

96

.

1st mortgage, coup, or reg
Chic.A Soutiiw., IstM.g. (g’d in cur. by C.R.I.AP.)
Chic. St. Louis dk AT. 0.—1st M. (N. O. J. A G. N.)....
2d mortgage, (N. O. J. A G. N.)
1st mortgage, (Miss. Central) ($100,000 disputed)
flt

F/inifl ^ N O

do
do

do
do

Chic. St. Paul

1 fit, mort,

2d mort
cons.M., gld.(for $18,000,000)

Min'polis dk Omaha— Common stock..

Outstanding

$1,000

1,000

1,610,000
4,255,000
1,350,000

500 Ac.

3,500,000

7g.

100 Ac.

.

.

.

.

.

.

.

.

.

-

100,000

....

1871

1,000
....

.

100

....

1,000Ac
100 Ac-

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

-

1881

1,000
500 Ac.
500 Ac.

General consolidated bonds unsold
Accrued interest, not yet due
Miscellaneous
Balance income account

$1,117,000
482,760

7,533,987

Gross
Gross

$13,033,102
■

14,751,062
14,580,921
17,349,349
19,334,072

6,873,272
8,917,750
8,908,251

2,287,627
4,080,167
3,777,502

218, 428, 535, 652; V. 32, p. 233,

611, 636 5

*

be

tinder foreclosure of second mortgage May 31,1881, and to
reorgan¬
ized. For 21 months ending May 31, 1881, gross earnings were

(V. 31, p. 152, 381, 405,

$654,453; Y. 32, p. 312, 526,

124, 328.)
Portage <£ Lake Superior— A mortgage was made in

€12, 658, 685; Y. 33, p.
Chicago
(See V. 32, p.

June,

636.)
Chicago Pock Island <£• Pacific.—This was a consolidation June 4,
1880, with $50,000,000 stock authorized, and a scrip dividend of 100
per cent to the holders of Chic. Rock Island & Pac. stock. The lines were

Chicago, Ill., to Council Bluffs, Iowa,

500 miles;

Englewood to South Chicago, 7*2 miles; Wilton, la., to Knoxville,
128; Washington, la., to the Missouri River opposite Leavenworth,
271; Edgerton Junction, Mo., to the Missouri River opposite Atchison,
29; Dcs Moines, la., to Indianola, 21L>; Somerset Station, la., to Winterset, 26*2; Newton, la., to Monroe, 17; Atlantic, la., to Lewis, 9; Lewis
to Griswold, 14; Avoca, la., to Carson, 17; Atlantic, la., to Audubon,
25; total owned, 1,052 miles. Leased: Bureau Junction, Ill., to Peoria,
47; Keokuk, la., to Des Moines, 162; Fort Leavenworth, Kan., to
Leavenworth, 2; Avoca, la., to Harlan, 12; Guthrie Station to Guthrie
Centre, 15; Cameron, Mo., to Kansas City, 54; Mount Zion Station, la.,
to Keosauqua, 4*2; total leased, 296; total owned ami leased, March 31,
This company includes' the former 'Mississippi A
1881, 1,353 miles.
Missouri Railroad of Iowa, which was foreclosed under mortgage in
1866. The Illinois and Iowa roads were consolidated August 22, 1866,
under the present title, and the main line was extended to Council
Bluffs June, 1869. The Iowa Southern A Missouri Northern was form¬
erly the Chicago & Southwestern, and was foreclosed and purchased
by "this company, and consolidated June, 1880.
The fiscal year ends
March 31 and the last report was in V. 32, p. 684.
The mileage, earn¬
ings, AC., have been as follows for live years past:
Net
Div.
Ton
Passenger
Gross

South

Miles
707

Earnings, p.ct.
Earnings.
$3,349,364 8
60,634,585 337,135,683 $6,917,657

1,003
1,231
1,348
1,353

62,098,473
62,811,574
82,610,900
93,769,305

Income and

370,436.382
7,895,870
9,409,833
510,859,804
686,458.954 11,061,662
746,573,664 11,956,907

Dividends

Sinking fund
Legal expenses...

1878-9.

$

8
8

5,265,116
5,326,752

7*4

1379-80.
$

1880-81.

$

3,793,534

5,5S3,05S

5,945,388

6,177,901

$
125,000

$
125,000
1,008,580

$

$

322,137

247,400

218,155

135,037
1,078,116
295,841

1,678,384

1,993,085

2,097,988

2,727,387

40,000
34,827

41,117

34,426

35,000

1,002,325

*

949,700

288,873

557,148

Represents Pacific Hotel stock and bonds

and $42,777 connecting
accoimt, and dis¬

railroad and other bonds, previously given in capital
appears from both accounts in following year.




4,329,960

INCOME ACCOUNT.

1877-8.

Taxes

%

3,511,356' 8

disbursements for four years were as follows;

DisbursementsRentals paid
Interest on debt..

*

Mileage.

Mileage.

Stocks—Last
•

Dividend.

•

A
A
A
A
A
A
A
A
A

New

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

do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A T. Co.

April 1, 191J

July 1, 1898
1, 1909
June 1, 1911
Dec. 1, 1902
Jan. 1, 1887
Nov. 1, 1907
Dec. 1, 1918
Oct, 1, 1910
June 1, 1917
Oct. 1, 1908

Sept. 1, 1908
Sept. 1, 1908

Oct." iV

1929
Aug. 1, 190]

York, Co. ’s Office. Nov.* I,* 1881
do
do
July 1, 1917
do

do
N. Y., 214
do

Nov., 1899
July 1, 1886

Broadway.

do
do
do
do
New \ork

Oct. 1, 1890
1884 or before
1886 or before
Nov. 1, 1897
Dec. 1, 1907
June 15,1951

do
do
do
do
do

City.

i34

Oct.

Q.—J.

J.
M.
M.
J.

6
« g6 g.
6

A
A
A
A

N. Y.. 52 Broadway.
N. N. Y., Corn Excli. Bank.
N. Y., 52 Broadway.
N.

D.

J. N.Y., R. P. Flower A Co.
1878-9.

*20,1881

June

1, 1930
May 1, 1918
May. 1898

Jan. 1, 1930

1879-80.

$

1880-31.
$

2,285,000

108,500

2,202,121

3,793,584

15,588,058

2,303,986 df. *430,190

5,954,388

6,177,001

$4,230,696; but is not included here.
The last annual

report, in the Chronicle, V.

ing as to the land

$780,517; the average price per acre being nearly $8 314.”
* * *
The amount received for interest during the year was $91,451. The
bills receivable amounted on 31st of March, 1881, to $1,535,621, an
increase during the year of $331,995. The taxes paid (on land unsold,
Nov. 1,1880), were $24,687. The remittances from sales and collections
to the Treasurer of the company at New York amounted to $490,000.
There remained unsold on April 1, 1881, of the lauds certified, 125.145
acres.” (V. 29, p. 15, 489, 608, 631; V. 30, p. 221, 356, 465, 544, 566,
590, 616, 663. 673 ; V. 31, p. 228, 453, 558 ; V. 32, p. 44, 265, 367,437,
551, 577, 684 ; V. 33, p. 13, 357.)
“

Chicago Pekin dk Southwestern.—July 1,1879, operated from Pekin, Ill.
Bridge, Ill.. 94 miles, of which 6 miles leased. Chartered in
Receiver appointed in June, 1877. Sold
1859 and opened in 1876.

given as follows:

pal,When Due,

*
The deficit in balance is on year’s operations; there is a nominal
surplus from prior accumulated income of $238,202, against a surplus
March 31, 1880, of $8,571,433, the amount being reduced by trans¬
ferring to capital account $7,903,038.
t In the report Iowa Southern & Mo. Northern stock, held in trust—

to Mazon

098; net, $193,340.

by

32, p. 684, had the follow¬
grant: “ For the fiscal year ended March 31, 1881,
Surplus over
the conveyances and contracts to convey lands acquired under the land
paid.
interest,
grant acts of the United States amounted to 94,452 acres, for a total
Net
Revenue. rentals, &c. pref. com, consideration of $781,261. Of the above, 595 acres were merely quit¬
2i2 ...: claimed, there being opposing titles under the swamp land grant, for
$5,507,001 $1,078,227
which $744 was received. The regular sales thus were 93,857 acres, for
2,464,488
7,130,117

Earnings.

1,993
2,037
2,129
2,216
2,644

Bond*—PHnc£

....

Total

Dividends

—(V. 31, p. 94, 152, 202,
Y. 33, p. 199, 322, 404.)

Years.

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

6
7
8
8
7
8
7
6
5 g.

aec’t..
Balance, surplus

$129,704,369

Miles.

•

Add. and imp.

table will show the total miles operated (including pro¬
prietary roads) the gross earnings, net earnings, surplus above annual
charges and dividends paid, in each fiscal year since 1876-7:
Average

•

$

03,786
272,232
530,000
675,430
310,376

Total

The following

1881.

•

Q.—F.

1%

Y., Farm. L.

1877-8.

2,529,300

not yet due

do
do
do
do
do
do

....

1880-81.

Sinking funds paid
Real estate, mortgages, &c
Current bills, pav-rolls. &c
Uncollected coupons, old dividends, Ac
Accrued rentals of leased roads in Iowa,

Years.

50,000
800,000

....

do

A. A 0.
F. A A. N.

....

3,000,000

4

....

7

7^249,000

do
do
do
do
do
do
do
do
do

M. A S.

SAG

181,000
10,189,000
17,747,500
10,390,000

100
100

....

1,528.000
1,600,000
9,845,000
1,000,000
(?)
41,960,000
12,500,000
5,000,000
2,848,000
1.487,000
338,000
1,536,000

1,421,000

1,000
1,000
1,000

i877

7
7
7
6
6

150,000
200,000

.

.

1880
1878
177
1878
177
120 l 1880

CVmflnl. mortgage (for $30,000,000)
Chic. St. Paul A Minn., 1st mort., gold, coup
do
1. gr. M., ino., coup. (2d on road)
do
North Wisconsin, 1st mortgage

.

....

1877
1869
1856
1860
1854
1865
1877

7

2,547,000

1,000
1,000

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

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

7 g.
7
7 g.
7 g.
7
7
7 g.
8

500 Ac.

Where Payable , and
Whom

Q.-F. New York, Co. ’s Office. Feb. 1, 1915

7

2,700,000
12,343,000

1,000

.

Payable

560,000

....

500 Ac.

1879
.

Cent.

1,700,000

....

.

When

3,150,000

....

.

Rate per

$5,222,000

500 Ac.

1876
1871
1872
1870-1
1870-1
1871
1870
1872
1878
1878
1878

....

'

*Prp/fPTTP(l stork

B

271
206
224
185
185
567
567
All.

($500,000 disputed)

do

.

Value.

1,000

•

•

Amount

Par

1865
1871

....

Ohicago'Pekin dk Southwestern—1st mortgage
Chic.Portagc dk Lake Sup.—1st mort.(for $8,000,000
Chicago Rock Islands Pac—St’ck (for $50,000,000) 1,348
636

2d mortgage,

immediate notice of any error discovered In tliese Tables.
Size, or

Date
of

Road. Bonds

Chicago dk Northwestern—(Continued)—
779
Consol, sink’g f’d Mortg
126
Madison extension, 1st mort., sinking fund, gold.
85
Chicago & Milwaukee, 1st mortgage, 2d lien
25
Menominee River, 1st mort., guar
120
Menominee extension, 1st mortgage, gold
Gen. eons mort.. gold, coup, or reg. ($48,000,000) 1,058
Winona & St.

VOL. XXXIII.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

RAILROAD

XXIV

Chicago St. Louis*&

New Orleans.—Aug. 18, 1881,

owned from New
operated,,

Orleans, La., to Cairo, Ill., 549 miles; branch: Kosciusko Junction,
Miss., to Kosciusko, Miss., 18 miles; leased, 5 miles; total
572 miles. This company was formed November 8, 1877, by the con¬
solidation of the New Orleans Jackson & Great Northern and tho
Central Mississippi.

The N. O. J. & G. N. road had been sold in fore¬
and the Mississippi Central was sold August 23,
controlled by the Illinois Central, which holds

closure March 17,1877,
1877. This company is

$6,670,000 of the stock. The stock is $10,000,000. Of the first mort¬
gage bonds, $1,541,000 are a prior lien on that portion of the road in
Tennessee. The Chicago St. Louis & New .Orleans, 2d mortgage bonds
are incomes until Dec., 1882, after which they draw interest at 6 per
cent. Of the Miss. Cen. bonds $600,000 are claimed to have been paid
and arc disputed by the present company. The consol. 5 per cent mort¬
gage bonds of 1951 are to be issued only for redemption of prior
and, their issue does not increase the debt, which is limited to.
$18,000,000.
In 1878, gross earnings, $2,819,018; net earnings,
For 1879 no figures are given. In 1880 gross earnings
$818,723.
were $3,711,000, but no details of operati ons in the past two years are
made public. (V. 31, p. 191. 216, 405 ;
V. 32, p. 183, 205, 288; V. 33,
p. 46, 73, 153.)
.

bonds,

Chicago St. rant Minn, <f: Omaha— The mileage January 1, 1881, was
follows: Eastern Division—Elroy to St. Paul, 198; River Falls
Branch, 12; Menominic Railroad, 3; Stillwater Branch, 4.
Division—North Wisconsin Junction to Cable, 120. St. Paul DivisionSt. Paul to St. James, 122; Blue Earth Branch, 44.
Sioux City Di¬
vision—St. James to Sioux City, 148; Sioux Falls Branch, 98; BlacK
Hill Branch. 44 ; Rock River Branch, 28. Nebraska Division—Coving¬
ton to Omaha, 126; Niobrara Branch, 16.
Total 963 miles. This was
a consolidation July,
1S80, of the Chicago St. Paul A
as

Northern

Minneapolis

Paul &

(formerly West Wisconsin), the North Wisconsin, and the St.
Sioux City. See statement in V. 30, p. 675.
Stock was increased in
June, 1881, as per Chronicle, V. 32, p. 500. Preferred stock has a prior
right to noil-cumulative dividend of 7 per cent from uet earnings;
common shall never receive more than is paid on preferred.
The Chic. St. Paul A Minneapolis Istmort.is a 2d on the lands; the
land mort. a 2d on road; but no foreclosure can be had except on de¬
fault on 1st inert. The lands mortgaged are about 500,000 acres, ana
the total lands owned considerably more. (V. 30, p. 675; V. 31. PThe North Wisconsin was in progress from Lake St. Croix to Bayneub
Wis., 165 miles. For each mile built $10,000 in bonds and $15,000 in
stock were issued. (V. 30, p. 248.) The St. Paul A Sioux City was
consolidation in August, 1879, of the St. Paul- A Sioux. City and too
Sioux City A St. Paul, forming a main line from St. Paul to Sioux
270 miles. With extensions in progress, the company had 460 nines in
road, witn a single mortgage of $4,600,000, or $10,000 per mile,
the old stocks of both roads were retired with the new stock. iheou
Paul Stillwater A Taylor’s Falls was consolidated with this company*
also the Worthington Sioux Falls A Iowa and Covington A Black huib.
The St. Paul A Sioux City had lands unsold Jan. 1,1879, of ooU,oo
acres; the Sioux City A St. Paul had 439,85S acres.
In January,
200,000 acres of laud were sold to English capitalists at $6 per au »
In year ending June 30,1881, gross earnings were $2,139,oJ«P
$1,004,003.
■
-

but

a
uty»
au

October,

RAILROAD

1881.]

Subscribers will confer a
AXDlanation of column headings,
t or exp
0I1 first page of tables.

fihiraao

Miles

Ac., see notes

St.Paul Min'polis d Omaha-(Continued)—

8tT&sioux City, mort., (told, for $7,000,000....

Paul Stillwater & Taylors’ Falls, 1st mort....,
Hudson A River Falls, 1st mort
-.
Chicagod West. Indiana—1st mortgage....
(ihicado d 'West Michigan Stock, new ..............

St. Jo..

&
Sh., 1st mort. coup....
2d M. on 35 m. & 1st on 11 m., coup
General mortgage ($12,000 per mile)
Or '
u

601

1879

23
12
23
.

Georgetown d Portsmouth.—1st mort
Cincinnati Indianap. St. Louis d Chicago—Stock..
Ind. & Cin. of 1858, 1st mort........
Ind’polis Cin. & Laf., mort. and fund coups ..—
fHn

Eauipment bonds, registered
Cin. A Ind., 1st mortgage .
2d M., guar., funded coupons
do
1st mort., Cin. Ind. St. L. & Chic, (for $7,500,000)
Cincinnati Lafayette & Chicago, 1st mort., gold ..

Muskingum Talley—1st mortgage....

Cincinnati Northern.—1st, gold, mortgage

Cin Richmond d Chic.—1st mort., guar. C. H. AD..
2d mortgage, guar, and owned by C. H. & D
Cin. Richmond d Ft. IF.—1st mort., gold, guar

Cincinnati Sandusky d Cleveland—Stock
Preferred stock...
Mortgage
6

do

bonds, Sandusky, Dayton & Cincinnati
Sandusky City & Ind

2dmortg. Cine., Sandusky & Cleve

Cincinnati New Orleans <£• Texas Pacific—Stock

Cincinnati it Springfield—1st mortgage, guar

Cincinnatf^abash d Michigan—Stock

Cleveland Canton Cosh, d S.—1st mort., gold

.

.

.

....

1880
....

Amount

par

Value.

1879

$1,000
.

.

....

187-90.

1,000

46

1875
1881
1881

500 Ac.

194
90
151
•

•

•

20
20
194
56

148
50
36
36
90
188
138
....

....

....

....

1858
1867
1873
1862
1867
1880
1871
1870
1880
1866
1869
1871

1,000
1,000

xxr

1866
1852
1867

500&C.

1,000
1,000

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

1,000
1,000
1,000

50
50
....

....

•

•

•

•

....

....

....

80
48
111

1871
1872

1,000
1,000

....

....

....

1880

1,600,000
2,879,100
187,000
499,000
1,545,800
1,000,000
1,120,000
1,500,000
1,000,000

560,000
65,000
1.800,000
4,005,750
429,037
729,000
3,000,000
2,000,000
651,000
1,815,926
800,000

7
6 g.
7
7
7 g.
10s.
3
6
7

Years.

m

A 0. N. Y.,R. P.Flower A Co.
do
A J.
do
do
do
A J.
A N. N. Y., Drexel, M. A Co.
Boston.
M. A S. Bost.. Treasurer’s office.
J. & J. N. Y. Union Trust Co.
do
do
J. A D.

April 1, 1919
July 1, 1901

April 1, 1901

Q.-J.

A. A O.
F. A A.
M. A S.
J. & D.
J. & J
M. & N.
M. A 8.
J. A J.
A. & O.
J. & J.
J. A J.
J. A D.

A
A
A
A

N.
A.
S.
D.

A. A O.
J. A J.

Nov. 1, 1909
Feb. 15, 1881

Sept. 1889
July 1,1891
June 1,1905

Boston, Pacific Nat. Bk.
N. Y., Amer. Ex. Bank.
do
do

do
do
do
do

do
do
do
do

N. Y., Am. Each. N. Bk.
New York, Moran Bros.
N. Y., Geo. W. Ballou.
N. Y., Winslow, L. A Co.

do

do

April, 1881
-

April, 1888
Feb., 1897

Sept. 1, 1883
Dec., 1892
JaB.’82,,87.*92
May 1,1920
Mch., 1901
Jan., 1901
Oct. 1, 1920

July, 1895
1, 1889

Jan.

N.Y., Winslow, L. A Co.

June, 1921

Boston, Office.

1872

do
do
do

do
do

May 2, 1881
Aug. 1, 1900
do
Sept. 1, 1897
N. Y., Union Trust Co. Deo. 1, 1890
N. Y., U. S. Trust Co.
do
do

April 1, 1901

New York.

July 1, 1910

1902

.

7 g.

Miles.
194
194
300

Dividend.

m

7
7
.

Stocks—Lout

Whom.

A.
J.
J.
M.

M.
F.
M.
J.

7
m

pal,^When Due.

Payable and by

Pay’ble

1*2

m

Where

1921

7
7
10
7
7
6
7 g.

350,000
1.072,300

100 Ac.

The following was in the Chronicle, V. 33, n. 441: “ No annual report
of this important company was issued for the year 1880, and thereiore
the report to the Railroad Commissioner of Wisconsin for the year end¬

6,000,000

1875-069.

1,000

....

200.000

2,050,000
140,000

100
500 &c.

....

8
8
7
5
6

2^3

576,000

When

Bonds—Princi¬

A. A O.

8
6

480.000

1,000

1871

40

8

125.000

.

1869

....

6 g.

$6,100,000
3,300,000
6,151,000

....

.

Rate per
Cent.

334,800

....

•

Outstanding

35

....

Rap.
do

Cincinnati d

BONDS.

INTEREST OR DIVIDENDS.

Date Size, or

of
of
Road. Bonds

8t!

lst*mortgage, New Buff, to
Newaygo
Lake

AND

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

DESCRIPTION.
vat

STOCKS

J.

A J.

Passenger.
Mileage.

Freight (ton)
Mileage.

Gross
Net
Earnings. Earnings.
$1,309,087 $494,388

18,971,743
41,000,163
17,689,617
50,225,000
ing June 30,1881, is of greater interest. This report, quoted in the St.
1,342,701
507,920
Paul Pioneer-Press, gives the total income of the company as $2,139,23,544,228
76,088,352
1,761,242
491,487
593, of which $574,385 was from passengers and $1,565,208 from —(V. 27, p. 172, 303,
354, 383; V. 28, p. 302, 401, 526; V. 29, p. 18,
freight; operating expenses, $1,135,249, leaving $1,004,003 as excess 95, 277, 302, 405, 432, 459, 538, 563, 680; V. 30, p. 168, 192, 624; V.
of income over operating expenses. Dividends declared during the year 31, p.
259, 356, 510, 672; Y. 32, p. 134, 552; V. 33, p. 153.)
were $336,138, all on preferred stock.
Amount of common stock issued
Cincinnati d Muskingum Valley—Dee. 31,1880, owned from Morrow,
since the date of last report, $8,491,833 ; preferred stock, $8,613,333.
Total amount of stocks outstanding, $23,426,666. The stock issued dur¬ O., to Dresden Junction, O., 148 miles. Chartered as Clnn. Wilm. AZanes.
ing the year was to take up the stock of the roads consolidated June 1, in 1851 and opened in 1857. Sold under foreclosure Oct. 17,1863, and
1880, to purchase stock of the consolidated roads June 1,1880, and to reorganized as Cincinnati & Zanesville March 11, 1864.
Sold again
purchase the stock of the St. Paul & Sioux City Railway Company. The Dec. 10,1869, and reorganized as at present. Leased for 99 years from
Jan. 1,1873, to P. C. & St. Louis, lessees to pay ail expenses and inter¬
total bonded indebtedness of the company is $16,156,175, and its un¬
funded and floating debt is $1,409,525.
Total stock and debt is est, any excess of earnings to inure to the lessors. Gross earnings in
$40,992,366, which is $44,514 per mile on a total of 900 28-100 1880, $364,703; net earnings, $44,821; interest paid, $105,000; deficit
miles of road. The expenditures of the company on property accounts advanced by lessee, $60,178. Capital stock, $3,997,320. (V. 30. p. 382;
were as follows: Extension of the North Wisconsin Railway, $787,480;
V. 32, p. 498.)
new lines in Nebraska, $16,148;
cost of the Menominee RR., $44,017;
Cincinnati New Orleans d Texas Pacific—This Is the company organ
cost of the Black River Railway, $49,168; the Eau |Claire & Chippewa
Falls Railway, $1,591; right of way, $2,363; new freight and passenger ized to operate the Cincinnati Southern under the Erlanger Syndicate.
stations, water stations and wood sheds, $47,830; new shops, engine Theo. Cook, President.
houses and turn-table, $32,470; new freight depot, yard and grounds
Cincinnati Northern.—Waynesville to Cincinnati, 50 miles. Connect¬
in Minneapolis, $106,632; new drawbridge at Hudson, $53,130; new
ing line of the Toledo Delphos & Burlington. (V. 32, p. 6.)
bridge over the Chippewa River, $84,279; new side tracks, $33,893; new
steamer for the Missouri River transfer, $867; consolidation expenses,
Cincinnati Richmond d Chicago.—March 31, 1881, owned from
$13,131; other expenditures sufficient to make a total of .$1,353,870 Hamilton, O., to Indiana State Line, 36 miles; leased, Richmond,
paid out for construction. Number of locomotives purchased during Ind., to Ohio State Line, 6 miles; total operated, 42 miles. Char¬
the year, 36, at a cost of $321,164; passenger, mail and baggage tered as Eaton & Hamilton in 1847 and opened in 1863. Reorganized
cars, 5, at a cost of $18,959; freight and other cars, 1,309, at a cost of May 3, 1866, and leased in perpetuity from February, 1869, to C. H. &
$777,465; total, for the equipment, $1,117,587. Total cost of the line D. Co., the lessors to receive all surplus after expenses and bond interest.
to date of this report, $35,109,978; at date of last report, $12,542,980. Gross earnings in 1880-31, $224,649; net, $35,989; interest liability,
Cost of the St. Paul & Sioux City Railway, $18,728,684. At present $13,120; deficit, $7,131. Capital stock, $382,600; funded debt, $625,the company owns 111 locomotives, 45 passenger cars, 77 baggage, 000; total (cost of property), $1,007,600. (V. 29, p. 15.)
mail and express cars, 3,223 freight cars and 59 other cars.
(V. 31, p.
Cincinnati Richmond d Fort Wayne.—Dee. 31,1880, owned from Rich¬
88,281,535, 606, 625; V. 32, p. 155, 206, 500, 552,569, 577; V. 33, p.
mond, Ind., to Fort Wayne, Ind., 83 miles; leased, 8 miles of Pittsburg
99,225,357,441.) '
Fort Wayne & Cliic.; total operated, 91 miles.
Chartered in 1853 and
Chicago d West. Indiana—Owns from Dolton, Ill., to Chicago, with opened in 1866. Leased for 99 years to Grand Rapids & Indiana; in¬
terest is guaranteed by thelessees and by the Pennsylvania Company
branches, 23 miles. Opened May, 1880, and leases road for right of
way into Chicago to the Wabash, the Graud Trunk of Canada and the and Cincinnati Hamilton & Dayton Company, jointly. Gross earnings
in 1880, $372,768; net, $83,494. Loss to guarantors, $72,021. Capital
Chicago & Eastern Illinois roads. Stock is $500,000.
stock, $1,708,621. Total advanced by guarantors, $650,741. (V. 29, p.
Chicago d West Michigan.—Dee. 31, 1880, owned from New Buffalo 299 ; V. 32, p. 499.)
Michigan, to Pentwater, Mich., 170 miles; branches—Holland Junction
to Grand-Rapids, 24 miles; B. R. Junction to
Cincinnati Sandusky & Cleveland—June 30, 1879, owned from San¬
Big Rapids, 51 miles;
total operated. 245 miles.
Organized as successors of Chicago & dusky, O., to Dayton, O., 154 miles; branch, Carey to Findlay, 16 miles;
Michigan Lake Shore Jan. 1,1879, the C. & M. L. S. having been sold in leased, Columbus Springfield & Cincinnati, 44 miles; total operated, 214
foreclosure Nov. 16,1878. Consolidated in Sept., 1881, with the Grand miles, less the division between Springfield A Dayton, 24 hules, which is
Haven road, 57 miles,
Muskegon to Allegan, and the Grand Rap. Neway leased to and operated by the Cleveland Columbus Cincinnati & Indian¬
go & Lake Shore, 46 miles, from Grand Rapids to White Cloud. (See V. apolis. In Annl, 1831, a lease was made to the Indiana Bloomington
P-384.) Earnings in 1880, $840,021, and expenses, $600,438; net & Western. By the terms of the lease this company takes 33 per cent of
$-39,o83; interest paid, $38,400; dividend, $153,572, and expended its gross earnings as rental; but the amount in any one year shall not
for construction and
equipment, $94,155. (V. 27, p. 227, 538; V. 30, p. be less than $300,000, nor more than $500,000. (V. 32, p. 334.)
P* 270; V. 32, p. 100, 121, 442, 685; Y. 33, p. 99, 124, 384.)
-Lease Rehtals.Available
Gross
Net
Paid.
Revenue.
Received.
Years.
Earnings.
Earnings.
Cincinnati Georgetown d Portsmouth.—Line of road from Cincinnati
$81,124
$205,044
$71,186
toPortsmouth, O., 40 miles. Narrow gauge and bonded at $6,000 per
$214,983
$791,891
hUle; bonds offered in 1881 by Ransom. Eldridge & Straine, Boston,
109,950
80,000
65,206
124,744
655,421
65,942
113,963
647,202
67,621
112,284
Cincinnati Indianapolis St. Louis d Chicago.—June 30, 1880, owned
40,000
180,105
150,236
69,869
655,300
irom Cincinnati to
Lafayette., Ind., 175 miles; Lawrenceburg branch,
40,000
255,062
735,576
86,956
208,106
omiles; Harrison hranen (partly owned), 7 miles; Fairland F. & M.
Roaa, 38 miles; and Cincinnati Lafayette & Chicago (by stock), 75 miles; The rental received from Cleveland Columbus Cincinnati & Indianapolis
TOIopefated, 300 miles. Formerly the Indianapolis Cincin. & Lafayette, Railroad is 35 per cent of gross earnings, and that paid to Columbus
wmen was a consolidation in 1876 of the
Indianapolis & Cincin¬ Springfield & Cincinnati Railroad Company (formerly $80,000 a year)
nati and the
Lafayette & Indianapolis railroads, the company taking a has been reduced one-half for three years. Six coupons on 2d mortgage
ra7« Ua* *ease °I the Cincinnati A Indiana Railroad.
On August 1, bonds were funded from June, 1877. The preferred stock has a lien by
a receiver was
appointed, and the road was sold in foreclosure
qqr
an(l this company organized. Of the $7,500,000 new bonds
w>,W85,000 was reserved, into which all of the old bonds prior to tbe
Cincinnati d Springfield.—Dec. 31,1879, operated front Dayton, O.,
jnaianapolis Cin. & Laf. 7s of 1869 could be exchanged at par. The
wuer securities were
provided for as follows: The 7s of 1869 received 70 to Springlield. O., 80 miles, of which 24 miles were leased from Cincin¬
foiLSPi °,f their face in new stock, and the funded debt 7s, or pre- nati San. A Clev. RR. The whole is leased and operated by Clev. Col. Cinstock, 40 per cent. This left a balance of new stock of $2,029,045, & Ind. Co., giving them a line into Cincinnati, and depot accommoda.
2
the nvlance of new bonds, $615,000, was offered as fol- tion. Lessees apply any excess over rentals to C. & S. interest, which
.

aa

-

0
78 °t 1869,10 per cent in bonds and 30 per cent in stock is guaranteed on the first mortgage, oue-lialf by tbe lessees and one-half
JirPeF cont cash; to the funded debt 7s, 20 per cent bonds and 60 by L. Shore & Mich. Southern. Stock is $1,100,000.
cent in stock for 20
per cent cash; to the common stock, 2 per cent
iius and 6
Cincinnati Wabash & Michigan—Dee. 31, 1880, owned from Goshen,
per cent in stock for 2 percent cash. In May, 1881, $2,000,Ind.,
miles. Road,
ftV^^stock was created to build a line to Seneca. The company owns Nov., to Anderson, Ind., Illtrustees Jan. 1, as now existing, opened in
1876. Transferred to
1878, and sold Nov. 5, 1879,
08toclf an(t $1,120,000 2d mortgage bonds of the Cincinnati to said trustees, for account of bondholders. New company organized
& Chicago RR., operated by it. First annual report of new
April, 1880, under name of Cincinnati
Railway.
V,1 V. 31, p. 356. Operations and earnings for five years past Total stock authorized. $3,000,000. SeeWabash A Michigan 1880 mV.
were as follows:
anpual report tor
32, p. 525. (Y. 29, p. 382 ; V. 30, p. 433 ; V. 32, p. 525.)
Years
Passenger. Freight (ton)
Gross
Net
Miles.
Cleveland Canton Coshocton d Straitsvillc.—This road is owned in the
Mileage.
Mileage.
Earnings. Earnings.
22,113,531
52,465,909 $1,637,061 $673,098 interest of the Connotton Valley. In May, 1881, an increase of stock,
IRTcJt •** 194
0/0-7
194
19,244,431
38,803,669
1,311,210
490,810 from $800,000 to $2,000,000 was voted.
fn*in
per

•




-

Subscribers will confer a great favor

explanation of column heading, &c., see notes
on first page of tables.

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

80
67
67
35

1st mortgage, extended
New bonds
Niles A New Lisbon, 1st mortgage

Outstanding

1876
1870

1st M.

(consol.) Columbus, Chic. A Ind. Central..

Chic. & G’t East. (Chic, to Logansport) —
Col. & Ind’polis Cent. (Col. to Ind’s, Ind )..
do
Union & Logansp’t (U’n City to Logansp’t)
do
Tol. Logansp’t A Burl.(Logansp. to Ill. line)
do
Col. A Ind. com.,lstA2dpf.(Col. to U’n City)
do
Ciun. & Chic. Air Line(Richm’d to Logans.)
2d M. Col. A Ind’polis Cent. (Cov. to Union City).,
do
Chic. & G’t East, construe. (Chic, to Rich’d)
do
Columbus, Chicago & Ind. Central
Income conv., Col. Chic. & Ind. Central
do
do

Income

18
78
164
39
588
588
117
208
93
61
102
107
208
224
537

1,000

1,000

1,393,000

6
7
7

1,000

2,180,000

1,000
1,000

500 Ac.
50
500

1862
1867
1873

....

....

100 AC.

1868
1879

1,000
1,000

1831

1865
1863

—

....

Cleveland <C Marietta.—Juno 30. 1879. operated from Marietta, O., to
Canal Dover and branch, 101 miles. This company was organized as
successor of the Marietta Cleveland A Pittsburg.
Bonds for $1,000,000
are authorized, to build 24 miles to Canton, O.
(V. 31, p. 94.)

Cleveland Mount Vernon <& Delarvarc.— Dec. 31, 1879, owned from
Hudson, O., to Columbus, O., 144 miles; leased, Massillon to Clinton,
12 miles; total operated, 156 miles. Operated by Pcnus3rlvania Com¬
pany.
Default was made July, 1874, and coupons due then and
one-half of coupons from Jan. i, 1875, to and including July 1, 1877,
were postponed to Jan. 1, 1885, and the remaining half to be paid;
but liiis failed July, 1877, and negotiations have never been concluded.
Foreclosure suit begun June, 1880,and Mr. G. A. Jones, of Mt. Vernon,
O., appointed Receiver in Sept.. 1880. Sold in foreclosure August 20,
1881, to H. W. Smithers, for $1,142,000. Common stock, $1,318,129;
preferred, $451,450. (V. 28, p. 400 ; V. 30, p. 271, 600; V. 31, p. 259,
357 ; V. 33, p. 124, 225.)

Cleveland <C Pittsb.—Dec. 31,1880, owned from Cleveland, O., to Roch¬
ester, O., 124 miles; branches—Bayard, O., to New Philadelphia, 33
limes; Yellow Creek to Bellaire,43 miles; leased, Rochester to Pittsburg

The property was

leased for 999 yearR from Dec. 1, 1871, to Penn. RR. Co., and lease trails:
ferred to Penn. Co. May 1, 1872. Rental, 7 per cent on existing capital
and $10,000 per year for company expenses, the lessees assuming all lia¬
bilities. The terms of the lease were 10 per cent, but the old stock was
subsequently converted into 7 per cent by an increase in amount.
Operations and earnings for five years past were as follows:

226
226
226
226

19,844,913
15,640,607
14,853,524

16,624,524
18,083,711
-(V. 28, p. 41, 300.)

1880._

226

Freight (ton)
Mileage.

Gross

133,991,706
143,114,623
164,675,804
172,535,850

2,330,834
2,272,167
2,418,516

Earnings.
10S,664a00 $2,282,030

2,699,290

Net
Div.
Earnings, p.c.
$890,582
1,039,172
966,112
1,151,780
1,275,488

7
7
7
7

7

Cleveland Tuscarawas Val. if: Wheel.—Dec. 31. 1879, owned from Black
River, O., to Urichsville, O., 101 miles. Chartered as Lake Shore & Tus.
Yal. in 1870 and opened in 1873. Sold under foreclosure Jau. 26, 1875,
and reorganized under present title. Is being extended to Wheeling,
57 miles. The new first mortgage is a prior lien by consent of all the
mortgage bondholders. Gross earnings in 1878, $474,525; in 1879,
$446,749. Net earnings in 1878, $114,462; in 1879, $162,319. Interest
liability, $244,850 per annum. Capital stock, $1,055,950. (V. 30, p.
272, 297.)

Oolebrookedale.— Nov. 30,1880, owned from Pottstown, Pa., to Barto
Pa., 13 miles. Chartered in 1865 and opened in 1869. Leased for 20years
from Jan. 1, 1870, to Phila. A Read., at 30 per cent of gross earnings. In
June, 1880, default was made on bonds. Gross earnings in 1879, $30,544;
net earnings (30 per cent rental), $9,163. Payments—interest, $36,000,
and other, $305. Capital stock, $297,215; funded debt, $600,000, and
floating debt, $54,432; total liabilities. $926,087. Construction ($52,146
per mile), $667,774, and profit and loss, $288,784. (V. 30, p. 589,)

Columbia <£• Greenville (S. O.)—This is the reorganization of the Green¬
ville A Columbia road. The Company owns from Columbia to Greenville.
8. C., 144 miles; branches to Abbeville and Anderson, 21 miles; total, 165
miles. In 1878 a Receiver took possession and the road was sold in fore¬
closure April 15, 1880, and again in August, 1880, and reorganization

made, with bonds as above. Gross earnings in 1879 were $434,net, $78,774, against $182,127 in 1878. Net Jan. 1 to Oct. 23,
1880, $66,391. Net, Oct. 23, 1880, to Juno 30, 1881, $177,632. (V. 30,
p. 322, 384,408; V. 31, p. 68, 94, 259, 453, 588; V. 33, p. 201.)
was

693;

.

Colorado Central.- Dec. 31,1879, owned from Cheyenne,Wy., to Denver
(standard gauge), 133 miles; and Golden to Central City, 25 miles; and
Torka Creek to Georgetown, 40 miles; total 3-foot gauge, 65 miles; total
operated, 198 miles. Chartered in 1865, and main line opened in 1870.
It is largely owned by the Union Pacific. The new mortgage bond was
Issued to take up the old 8 per cent bonds. (V. 28, p. 269; V. 30, p.
168.)




Y., Union Trust Co. l:

(,)

*

Aug. 1, 1890
Sept., 1906
Jan., 1890

....

M. A

S.

Q.-M.

N.

•

•

•

.

*

.

,

Y., Winslow, L. A Co. Jan. 1, 1900
do
Jau. 1, 1901
do
Jan. 1, 1905
do
do
Y., Farm. L. A T. Co.
Sept., 1881
do
do
Jan., 1892
do
Nov. 1, 1900
do
Jan. 1, 1913
do
do
Cleveland, Ohio.

Phila., Co.’s Office.
A D.
A D. Boston, Treas.’s Office.
New York.
A J.

J.
J.
J.
.

.

..

•

....

•

•

.

.

.

v

•

•

June 1, 1898

Aug.'l,'1892

•

A. A O.

April,

N. Y., 57 Broadway.
Various
do
do
J. A J.
do
do
A. A O.
F. A A. N.Y.. St. Nicholas N.Bk.
N. Y., 57 Broadway.
J. A J.
do
do
Various
do
do
M. A N.
do
do
J. A J.
F. A A. N.Y., St. Nicholas N. Bk.
do
do
F. A A.
do
do
F. A A.

1893 &’95

1908

Nov., 1904
Dec., 1905
Feb., 1884
Dec., 1883
1886 to’90

Nov., 1904

Feb., 1890

....

....

$208,177; funded debt, $1,603,000,

and floating debt, $449,-

732; total liabilities, $2,260,899. Cost of property, $1,702,335.
Columbus Chic. <6 hid. Cent.— Deo. 31,1880, owned from Columbus, 0.,

Indianapolis, Ind., 187 miles; branches—Bradford Junction, 0., to
Chicago, Ill., 231 miles; Richmond, Ind., to Anoka Junction, Ind., 102
miles; Peoria Junction, Ind., to Ill. State Line, 60 miles; total operated,

to

580 miles. This company was formed Feb. 12, 1868, bjr consolidation of
the Col. & Ind. Cen. and Chic. A Gt. East, railroad companies, and was
leased to the Pittsburg Cin. & St. Louis Railway Co. February 1,1869,

by whom it was operated during the last two years, under direction of the
U. S. Circuit Court, for account of Receivers of the C. C. A I. C. Ky.
Co. The lease stipulated that the lessees should maintain the road and
equipment, operate it, and pay over to the lessors 30 per cent of the
gross earnings. Also, that the rental should alwaj'S be equal to the inter¬
est on $15,000,000 first mortgage bonds of the C. C. & I. C. Ry. Co.,
and $821,000 of the second mortgage bonds of the Col. & Ind. RR. Co.
The lessees also agree to pay the interest as it accrues on these bonds.
Any net earnings remaining after the payment of this interest are to he
applied to the payment of int erest on the second mortgage 7 per cent
bonds to the amount of $10,000,000 (or on the preferred stock into which
these last bonds may be converted), to pay to a sinking fund of one-half
of one per cent on the $15,821,000 referred to, and to apply any balance
to dividends on common stock. In August, 1874, default was made on the
$5,000,000 seconds, and April 1, 1875, defaulted on first mortgage, fn
the suit between lessor and lessee, Judge Harlan decided the debt must be
reduced to the limit—(See bondholders’ report, V. 29, p. 656.) - Pursuant
to this decision, the debt -was substantially reduced as required, and the
final decision of Justice Harlan in Jan., 1880, ruled, in substance, that
the Col. Cliic. A Ind. Cent. Co. had performed its covenant of the lease in
reducing the bonded indebtedness of the road; that the Penn. Company
(guarantor of the lease) was entitled to $1,258,000 of convertible income
bonds for the same amount of second mortgage bonds of the Col. Chic. &
Ind. Cent. Co., together with $572,390 accrued interest ; that 011 the 1st
of Jan., 18S0, there was due and unpaid, as rent, by the lessees, $3,350,855; but they are entitled to a total deduction of $587,2S1, leaving the
net amount due to the C C. & I. C. $2,769,574, save as of tenants accepted,
and the trustees are entitled to receive 6 per cent interest thereon from
Jau. 1, 1880, till paid, but none before that date; that the lessees shall be
bound under the lease to pay to the trustees and their successors, so long
as their receivership shall last, as rental for the premises of the C. C. &
I. C., 30 per cent of the gross earnings of the road, and in case they fall
short of $1,107,470 (7 per cent interest on $15,821,000 of bonded indebt¬
edness) in any one year, then the deficiency shall be made good by the
lessee. That the lessee was entitled to receive from the C. C. & I. C.,
on its claim for betterments, income bonds to the amount of $660,000.
From this decision the Pennsylvania RR. appealed to ihe U. S. Supreme
Court. In Jan., 1$81, a compromise was pending by which the Penn.
Company issued new bonds to buy up the C. C. A I. C. bonds. (See V. 32,
p. 122.) There is also on record a judgment for $932,500 on $298,000
Newcastle & Richm. RR., 1st mort. bonds, with interest, ahead of the
consolidated mortgage.

of

I11 the Chronicle of July 30, on page 124, was given an account
cer¬
tain proceedings of the bondholders"of this company. The
committee appointed at the bondholders’ meeting called upon Messre.

permanent
Isclin, Whitewright and Wilson to turn over to it the bondholders’ assets.
Messrs. Julius Wadsworth, Henry Morgan, George Smith and Peter
Geddes, bondholders, then began a suit in the Supreme Court to restrain
the new committee from acting in any way as the representatives of the
bondholders, and to restrain all other parties from recognizing them as
such. A temporary injunction in the case was obtained from Judge
Donohue on August 17. Argument upon • a motion to continue the
injunction was finished Sept. 29 before Judge Potter, in Supreme Court*
It was asserted for the plaintiffs that the meeting at which
Osborn, Scott and Dinsmore were appointed was irregular,

Chambers.
Messrs.

bondholders; that Messrs. Scott
the Pennsylvania Railroad Com¬
pany to the prejudice of the bondholders; and that they proposed w
make a compromise with that company, although the power of a bonu*
holders’ committee to make such a compromise expired when the court
determined the liability of the Pennsylvania Railroad Company a»
guarantor. At the close of the argument Mr. Stetson withdrew tne
application for an injunction upon tlie understanding that his clieiu*
should receive five full days’ notice of any meeting called to ratify an/
notice not having been given to all the
and Osborn were intent upon assisting

agreement made by the committee with the Pennsylvania Raihoau
Company, and they might then, if they choose, renew ‘the application.
It was also understood, but not definitely agreed, that the committee
should give Mr. Stetson’s clients information respecting the terms 01 in

agreement in advance of the meeting. Operations and earnings for nv»
v .
follows:
Passenger ; Freight (ton)
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings. FarnuigB*

years past were as

1876
1*77

581
581
581
580
581

37,754,467

274,953,224

31,795,297

254,492,612

$o0b,bO»
455,JW
411,gi*
75b,dov
4,795,771
7-MW

$3,457,716
3,396,25o
3,433,665
3,911,261

305,019,182
402,856,462
41,432,531
441,353,949
—(V.30,p. 16,163,289, 383, 518; V. 31, p.535; V. 32, p.
Capi¬ 444, 498, 636; V. 33, p. 46, 124, 357.)

Columbia <£ Port Deposit.—Dec. 31,1880, owned from Columbia, Pa., to
Port Deposit, Md., 39 miles. Leased to and operated bv Pennsylvania
RR. Co. Rental, net earnings.
Gross earnings, 1878, $36,174; operat¬

ing expenses, $22,210, and net earnings, paid to lessors, $13,964.

J.

....

7
7
7
7
7
7
7
7
7
7
7
7

57,545

tal stock,

Cleveland, Office.
Y., Ward, C. A Co.

A J. N.

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

....

120,000

1,500,000

Dividend.

N.
N.

Stocks—Last

....

6
7 g.
6 g.
7

8,995,000

Pennsylvania & Ohio, till Oct. 1, 1962, at $357,180 per
till January, 1885, and $412,000 per year afterward. (V. 30,
p. 494; V. 32, p. 333.)

Mileage.

M. A S.
J. A J.

and by

Where Payable,
Whom.

....

821,000
23,200

year

Passenger

M. A N.
F. A A.

•

1%

510,500
372,000
113,000

1864

•

7 g.
7 g.
7

715,000

....

New York

Miles.

•

2,526,000
2,000,000

1864

1,000

Cleveland d Mahoning Valley. -Dec. 31, 1880, owned from Cleveland,
O., to Sharon, Pa., 81 miles; Niles, O., to New Lisbon, O., and branches,
46 miles; total operated, 127 miles. Chartered in 1848 and opened in
1851. It was leased to Atlantic A Great Western in perpetuity from
October 1,1861. A new lease was made to the reorganized company,

Years.

Bonds—Prin^f.

pal,When Due.

-

•

180.000
600,000

1870

....

(P. Ft. W. & C.), 26 miles; total operated, 226 miles.

700,000
1,397,000

1,603,000
13,938,972
10,478.000
224,000
2,632,000

100

1868

When

Payable

7

1870
1871

(Toledo, Logansport A Burlington)

Union Trust Co. certificates

7

(?)
1,350,000
950,000
669,000
11,244,350
1,096,000
2,561.000

lien

Colebrookdale— 1st mortgage
Colorado Central—1st mortgage, new
Columbia <£ Greenville—Newmort.,g’ld,coup, or reg
Columbia & Port Deposit—1st mortgage
Columbus Chicago <t Indiana Central—Stock

v-

500,000

....

101
....

3^2

630,000

798981 781
Consolidated sinking fund mort. for $5,000,000..
Construction and equipment bonds
Cleve. Tuscar’s Val. <& Wheeling—1stM., (L.S.AT.V.)

225
199
199

Rate per
Cent.

$2,759,2001

$50

1875

gold....

145

Amount

500 &c.
500 Ac.
500 Ac.

1873

.

1st mortgage, Columbus Extension
Income mortgage
Cleveland <£ Pittsburg—Guaranteed stock
4th mortgage (now 1st)

1st mortgage, new, prior
2d mortgage, new
E. A B., 1st mortgage

discovered in these Tables.

by giving immediate notice of any error

Cleveland <& Mahoning Valley—Stock

Cleveland & Marietta— Bonds
Cleveland Ml. Vernon & Del.—1st mortgage,

fVGL. XXXIII.

INTEREST OR DIVIDENDS.

DESCRIPTION.
Per

AND BONDS.

RAILKOAD STOCKS

XXVI

32,132,185
33,967,484

122,156,

<

KAILROAD

1881.J

October,

STOCKS

AND

BONDS

Subscribers will confer a great favor by giving immediate notice of any
DESCRIPTION.

Miles

explanation of column headings, Ac., see notes

For

on

first page of tables.

Hocking Valley d Toledo—Stock
sinking fund bonds
2d mortgage bonds
Columbus A Toledo, 1st mortgage coupon,

Columbus

1st mortgage,

s.

f

2d mortgage coupon, s. f

do

M. (s. f. $15,000 begins in ’86)
Columbus Springfield & Cincinnati— 1st mort
Ohio A W. Va., 1st

Date

of

of
Road. Bonds
Ill
111
111
118
118
83
45
55
55

1867
1872
1875
1880
1879
1871

1st mortgage

141
71

or
Par

Amount

Outstanding

Value.

Concord—Stock
Concoi'd d Claremont—Bonds

1,000
1,000

1,000
1.000

1,000

Concord d Portsmouth—Stock, guaranteed
Connecticut Central— 1st m. for $400,000, cp. orreg.
Connecticut d Passumpsic—Stock
New mortgage (for $1,500,000)
Massawippi st’k, guar, same div. as Conn. & Pass.
do
bonds, guar, by Conn. A Pass

Newport A Richford bonds
Connecticut River—Stocir
Connecting (Phila.)—1st mortgage
Connotton Valley- Consolidated gold mortgage
Connotton Valley d Straitsville— 1st mortgage
Corning Cowanesque d Antrim—1st mortgage
Cumberland d Pennsylvania— 1st mortgage
2d mortgage, sinking fund, (guaranteed)
Cumberland Valley—Stock ($484,900 preferred)

22
56

1881

1,000

7

1864
1881
1881

....

136
64
38
38

110

mortgage
2d mortgage, sinking fund guaranteed

52
52

,

,

1870

....

33
33

;;

....

Danv.Olneyd O.Riv.—1stM.(for$836,000) cp. orreg
Dayton d Michigan—Com. stock (3*2 guar. C.H.AD.)
Preferred stock, (8 percent, guar. C. H. AD.)
2d mortgage

100
142
142
142

•

,

....

1875
....

1873

38

1st

Danbury d Norwalk—Stock
1st and 2d mortgages
Consolidated mortgage

1,000

38

29
146
110

.

1874

41

,

Common bonds

50

50
500 Ac.
100
500 Ac.
100
100 Ac.
100
1,000

•

...

....

100

1,000
1,000
1,000

....

....

1866
1868

1,000

....

....

....

.

.

.

.

1,000

50
500 Ac.
500 Ac.
100 Ac.
50

....

’70-’72
1880
1880

100 Ac.
....

500 Ac.
50
50

....

1871
1867

Rate per

Bonds—Princi

When

Cent.

Payable

Where

pal,When Due

Payable, and by
Whom.

Stocks—Last
Dividend.

$100 $10,217,000}

500 Ac.

....

1860

discovered In these Tables.

INTEREST OR DIVIDENDS.

Size,

1,500,000'

1,000,000
2,474,000
383,000
1,584,000
1,000,000
1,786,200
302,000
1,500,000
500,000
350,000
325,000
2,244,400
1,500,000
400,000

181877--9900.7. 811875-6.
Xenia—Stock

Columbus d

error

xxyii

1,000

Columbus Hocking Valley & Toledo.—July 1, 1881, road from Walbridge, O., to Athens, O., 194 miles; branches to Nelsonville, Carbon,
Ac., 37 miles; Logan to Gallipolis and Pomeroy, 83 miles; total 314
miles. This was a consolidation in July, 1881, of the Columbus A Hock¬
ing Valley, Columbus & Toledo, and Ohio A West Virginia. The stocks

400,000

7
7
7
7
7

7

2j5
7

5
7

3kj
7
3
7
2
6 g.

350,000
2,100,000
991,000
2,600,000
2,700,000
500,000
803,500
594,000

6
6

1,777,850

2^3

161,000
109,500
81,800
600,000
400,000
100,000
836,000
2,402,573
1,211,250
426,000

8

5
4
6
7 g7

7 g.

1%
2
7

July 1, 1885
March 1,1891

May 1, 1S88
Oct., 1881
Phila., T. A. Biddle A Co April 1, 1904
do
do
April 1, 1908
do
do
Jan. 1, 1884
New York and Danbury Sept. 1, 1881
N. Y., Nat. City Bank.
1920, ’90, '92

Q.-J. Phila. aud Carlisle, Pa.

A. A O.
A. A O.
A. A O.

1*4
7

....

M. A S. New York, Co.’s Office.
M. A N.
do
*
do

8
6
7
6

A. A O. N. Y., St. Nich. Nat. B’k Oct.
1, 1897
J. A J.
do
do
Jau. 1, 1892
F. A A.
do
do
Aug. 1, 1905
M. A S.
do
do
Sept, 1, 1900
M. A N. N. Y., Winslow, L. A Co. May 1, 1910
M. A 8. N. Y., Union Trust Co.
Hept. 1, 1901
Columbus Treasury.
Q.-M.
Sept. 10,1881
M. A S. N. Y., Am. Exch. N. B’k Sept. 1, 1890
M. A N. Bost.AManeliester.N.H. Nov. 1, 1881
J. A J. Bost., Treasurer’s office
1894
J. A J. Bost.AManchester.N.H. July 1, 1881
A. A O.
New York City.
Oct. 1, 1895
F. A A.
Boston, Office.
Aug. 1, 1881
A. A O.
do
April 1, 1893
F. A A.
do
Feb. 1, 1881
J. A J.
do
Jan. 1,' 1890
J. A J.
do
Jau. 1, 1911
J. A J. Boston, Bost.A Alb. RR. July 1, 1881
M. A S. Phila., Penn. RR. Office. 1900-’l-’2-’3-*4
M. A N.
Boston, Agency.
Nov., 1910
M. A N.
Boston, Agency.
May 1, 1911

Quar.
J.
J.

A
A
J. A
A. A

J.
J.
do
do
J. N. Y., Farm. L. A Tr. Co.
O. Cincinnati. C. H. A D.Co.
Q.-J. N. Y., Winslow, L. A Co.
M. A 8.
do
do

1920

Jan.
Oct.
Oct.

1, 1910
1,

1881

4, 1881
Sept,, 1884

Connotton Valley.—This road is in progress from Bowerston to Cleveand, Ohio, and when completed it will be 118 miles long, narrow gauge,
have $2,600,000 seven per ct. bonds ($22,000 per mile),' and $3,000,000
of stock—60,000 shares of the par value of $50 each. Of this mort¬
gage $662,000 were reserved to pay a prior mortgage of the Connotton
Valley RR., and $1,125,000 to pay a prior mortgage of the Connotton
Northern RR. The company was operating in January, 1881, 41 mile*

of those companies were purchased and new consolidated stock for
$20,000,000 made, of which the above was issued. See V. 33, p. 46,

100, 225, 254,303.

of the road.

Columbus Springfield d Cincinnati.—June 30, 1879, owned frem Col¬
umbus, O., to Springfield, O., 44 miles. Opened in 1872. Leased to Cin¬
cinnati Sandusky A Cleveland for $80,000 a year, but in 1878 leaserental reduced one half for the next succeeding three years. In 1878 the
balance sheet showed: capital stock, $1,000,000; bonds, $1,000,000;
unpaid coupons, $70,000; and protit and loss, $59,428; total liabilities,
$2,129,428. Construction, $2,000,000; rental account, $100,000; and
other property and assets, $29,428. (V. 31, p. 405.)

Connotton Valley d Straitsville.—The prospectus issued in May, 1881,

stated: “ For the purpose of extending the Connotton Valley
Railway,
this
company lias purchased the Connotton Valley A Straitsville RR.
This railroad extends from Canton, Ohio, where it is connected with
Cleveland by the Connotton Valley Railway Company, of which it is a
branch, through Coshoetou and Zanesville to the coal fields of New

Straitsville, and through the Hocking Valley to Athens—the whole dis¬
tance from Canton to Athens being 136 miles. The Connotton Valley
is
Columbus d Xenia.—Dec. <31,1879, owned from Columbus, O., to Xenia, the nearest coal field to Cleveland, and its rapid development, which is
0., 55 miles. Is operated as a division of the Little Miami, and is leased already sufficient to supply Cleveland with 1,500 tons a day, on the
for 99 years in connection with that road to the
Pittsburg Cincinnati A opening of the railway will supply an enormous and most remarkable
St. Louis, which pays 8 per cent on stock and provides for the bonds. freight over that part of the line.
Through arrangements already
The lease is guaranteed by the Pennsylvania Railroad
Company. The made, capital to the amount of $2,000,000 is being directed to^he de¬
Columbus A Xenia pays 825 per cent dividend per annum.
velopment of mines in these different districts in the interest of this
railroad, and the development will be such as to supply the road.
Concord—March 31,1881, owned from Concord, N.H., to Nashua, N.H., with at least 3,000 tons a days, as soon as the company is in posi¬
35 miles; Manchester A North Weare, 19 miles; Hookset Branch, 7 tion to carry that amount. For the purpose of completing this road,
miles; leased—Concord A Portsmouth, 41 miles,'; Suneook Valley, 20 furnishing sidings, freights houses and ample equipment, it is proposed
miles; Nashua Acton & Boston, 20 miles; total operated, 112 miles. to issue $2,720,000 first mortgage 7 per cent 30-year bonds, principal
Operations, earnings, and income over rentals, &c., for four years past and interest payable in Boston. Coupons May and November 1. For
each cash subscription of $950, the subscriber will receive $1,000 first
were as follows:
Passenger Freight (ton)
Net
Div. mortgage bond aud two shares Connotton Valley Railway stock.”
Gross
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings, p. c.
1377-8
142
Corning Cowanesque d Antrim.—Dec. 31,1880, owned from Corning,
10,856,140 21,634,669
$771,171
$340,454
10
142
10,580,508
21,609,056
733,004
318,847
10 N. Y., to Antrim, Pa., 53 miles; branch, Lawrenceville to Elkland, Pa.,
142
11,081,309
29,006,834
10 11 miles; total operated, 64 miles. Consolidation (Jan., 1873) of tlm
*870,088
346,732
142
13,118,217
30,295,384
955,000
3B2,608
10 Blossburg A Corning RR. and the Wellsboro RR. June 1, 1874, the
Cowanesque Valley RR. was absorbed. These lines are leased to and
~(V. 30, p. 599; V. 32, p. 610; V. 33, p. 225, 254, 357.)
operated by the Fall Brook Coal Co. Rental paid—7 per cent on bonds,
Concord d Claremont.—March 31, 1891, owned from Concord to Clare¬ $35,000; 6 per cent on common stock, $84,000, and 7 per cent on pre¬
mont, N. H., 56 miles; branch, Contoocookville to Hillsborough, N. H.. ferred stock, $35,000; total rental, $119,000 a year.
Stock—common,
15 miles; total operated, 71 miles. Consolidation of several small roads $1,400,000, and preferred, $500,000; and 7 per cent bonds, $375,000.
in 1873. Gross
Annual drawings of $20,000 commenced in 1880.
earnings in 1880-81, $140,570, and operating expendi¬
tures, $91,794; net earnings, $48,776.
Capital stock, $410,900, and
Cumberland d Pennsylvania.—Dec. 31,1880, owned from Cumberland.
bonds, $500,000; total stock and bonds, $910,000. Original cost of
Md., to Piedmont, Md., and several branches, 55 miles; almost all steel
property, $1,850,000. Floating debt, $254,245.
rail. It is owned and operated by Consolidation Coal Company, which
Concord d Portsmouth.—March 31,1879, owned from Portsmouth, N. guarantees second mortgage.
H., to Manchester, N. II., 40^ miles. The road was sold to first mort¬
Cumberland Valley.—Dec. 31, 1880, owned from Harrisburg, Pa., to
gage bondholders in 1857, and leased to Concord RR. in 1858. Lease
Potomac River, Md., 82 miles; leased—Martinsburg A Potomac Railroad,
rental is $25,000 a-year, which
gives 7 per cent a year to present stock¬ 12 miles; Dillsburg A Mechanicsburg Railroad, 8 miles; Southern
holders. There is no debt.
Pennsylvania Railroad, 23 miles; total operated, 125 miles. Char¬
Connecticut Central.—Sept. 30, 1881, owned from East Hartford, Ct.’ tered in 1831. Main line, Harrisburg to Chambersburg, completed in
to Mass. State
Line, 20 miles; branch from Melrose to West Street, Ct., 7 1839, and extended to the River in 1872. Owns or leases several factory
miles; leased, .Springfield A New London, Springfield to State Line, 8 roads, in all about 43 miles. The stock is owned in large part by Penn¬
miles; total operated, 35 miles. Leased to New York A New England RR. sylvania Railroad Company. Last annual report V. 30, p. 297. Large
from June 1, 1880. Capital stock, $448,500; funded debt, $325,000
(all advances have been made to branch roads. Operations and earnings for
owned by New York A New England
Railroad); and bills, overdue cou¬ five years past were as follows :
pons, Ac., $29,019. (V. 30, p. 116, 357, 544.)
Passenger Freight (ton) Gross
Net
/—Div.p.c.->
Miles.
Mileage. Earnings. Earn’gs. Pref. Com.
Mileage.
Connecticut d Passumpsic.—June 30, 1881, owned from White River Years.
125 7,314,64910,531,250 $547,994 $289,351 12^2 12ka
Junction, Vt., to Canada Line, 110 miles; leased, Massawippi Valley
125 5,869,562 11,062,510 519,851 254,253 10
10
?U(t branch (Canada), 37 miles; total operated, 147 miles. Chartered
125 5,416,229 11,030,907 536,410 224,985 10
10
m 1835.
Completed in 1863. The lease of Massawippi Railroad is at 1879
125 5,265,292 12,485,385 503,597 264,900 10
10
0 per cent on bonds
and same dividends as are paid on the stock of the
1380
125
536,945 230,199 10
10
Abstract of last, report in V. 33, p. 327. The new mortgage of
£1,<>00.000 retired previous issues. Operations and earnings for four -(V. 28, p. 427 ; V. 30, p. 297 ; V. 32, p. 311.)
..

...

.

years past were

as

folk>ws:

Passenger

Years.

Miles.
147

147

147
147

Mileage.
4,404,983
4,400,575
0,174,878

Gross
Netf
Div.
Freight (toil)
Earnings. Earnings. P.C.
Mileage.
8,179,341
$558.012
$222,590

8,574,448

544,142
657,547

13,070,452

774. i 46
6,117,700
19,726,662
-(V. 29, p. 299, 301 ; V. 31, p. 303; V. 33,
p. 327.)
..

couth

».

219,095

220,139
311,165

3
3
5

River.—Sept. 30, 1880, owned from Springfield, Mass., to
Vernon, Vt\, 50 miles; branches, 6 miles; leased Ashuelot RR.,

Vernon, vt.. to Keene, N. II., 24 miles; total operated. 80 miles,

Ashuelot
get income 1879-80, $232,121.stock and RR.
‘‘f‘!|t dividends
<»n

~~(V. 29, p. 510; V. 31.
p. 651.)

has

receives about $16,000

paid off all the funded debt.

tt(Philadelphia).—Dec. 31,1880, owned from Mantua Junc•

*'rttnkford Junction, Pa., 7 miles. A connecting link in Phila
South. Operated by Pennsylvania Railroad

RflUin0 the West and
“ratal, 6 per
on
cent

iSia/A

m

,

capital stock, $1/278,300; and funded debt, $991,:ilT! issued in series ABC and D, maturing respectively

Atfou-’2, *i> and ’4.




Danbury d Norwalk— Sept. 30, 1880, owned from Danbury, Conn., to

Ridgefield and HawlevOpened in 1852.
Operations and earnings for five years

South Norwalk, Conn., 24 miles; branches to

ville, together 10 miles; total operated, 34 miles.

Dividends have been

irregular.

Gross
Freight (ton)
Earnings.
Mileage.
34
1875-6..
2,521,678
960,977
$173,478
1876-7..
34
903,384
165,245
2,464,378
34
1877-8..
932,634
157,953
2,557,337
34
1878-9..
2,481.889 1,089,900
164,236
1879-80
34
3,301,269 1,308,897
184,407
-(V. 30, I>. 567; V. 31, p. 509.)
Years.

Miles.

Passenger
Mileage.

..

..

..

..

..

Net

Earnings.
$73,340
43,371
39,667
35,318

60,079

Div.
p.e.
6
3
•

•

•

•

2
2 k*

Olncy <£ Ohio River.—'This road is in progress from Danville,
Bonds offered in 1881 by R.
M. Raven A Co., N.'Y., at par,-with $500 stockgiven with each $1,000 bond.
(V. 33, p. 124).
Danville

Ill., south to Olncy and Noble. 10 miles.

-

Dayton d Michigan.—March 31, 1881, owned from Dayton, O., tp

Toledo, O., 141 miles.

Opened in 1862. Leased in perpetuity to the
In March, 1881, voted to issue a 5 per

Cincinnati Hamilton A Dayton.

favor by giving Immediate

Subscribers will confer a great

first page of

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

Miles

explanation of column headings, <fcc., »ee
on

[Vol. XXXIII.

discovered In these Tables.

notice of any error

Jtsonas—Princi¬
pal,^When Due.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

STOCKS AND BONDS.

RAILKOAD

xxvm

tables.

notes

Amount

Outstanding

Rate per

When

Where

Payable, and by
Whom.

Cent.

Payable

7
5
7.6
6 & 7
3
6

A. & O. N. Y.,

Stocks—Last
Dividend.

»

Dayton £ Michigan—(Continued)—
3d mortgage
Consol, mortgage, guar, by C. H. & D
Dayton £ Union—1st mortgage
Tn mm Pi mortgage bonds
Dayton £ Western— 1st M., guar. L. M. and C.
Delaware—Stock

Mortgage bonds, convertible, guar. P. W. &
Delaware £ Bound Brook—Stock, guaranteed
1st mortgage
-

& X..

1876509.

Park £ Pacific—stock
gold, sinking fund
Consol, mort., gold ($17,000 per mile)
Denver West. £ Pac— 1st M., gold ($30,000 per m.)
Des Moines £ Fort Dodge—1st mortgage, coupon—
np

evtenHirm

...

Det. Gr. Haven £ Mil.—1st M.,

guar.,(for $2,000,000)’

Consolidated mortgage, guar

•

Dollar (Oak. & Otta. RR.) bonds, Oct, 1,1853 —
1st mort. (Detroit & Pontiac RR.), April 1,1851.
3d mortgage (Detroit & Pontiac RR.), Feb. 1854.
2d mortgage, (Detroit & Pontiac RR.), Jan.
Detroit Tfu.iftnnip. tt-. s>. ir.—stopk

....

50

195

1877
1872
1859
1881

•

•

•

•

60
•

•

•

•

•

•

•

•

....

1,000
100 &c.
500 &c.
100
500 &c.
500 <fcc.
100

1870
1880

294
....

212
208

1876

....

1880

.

88
26
189
189
....

....

m

m

„

_

1881
1874
1881
1878
1878
1853
1851
1854
1853

....

e,

_

m

65
....

1877
1869

182
59

1.000

1^4
7
7
7
7

370.900

100,000
22,000,000
6,382,500
12,888.000
3,500,000
2,500,000
1,000
1.000
(?)
1,000
900,000
2,200,000
1,000
260,000
2,000,000
1,000
200 &c.
3,200,000
500 &c.
44,000
144,000
1,000
250,000
1,000
100,000
1,000
1,350,000
100
1,825,600
100
2,503,380
500 &c.
2,443,000

....

7
6

770.000

Iks
7 g7
4
*

7
6 g7 g-

6
6
5-6
7
7
8
7

2*2
3*2
7
8

Winslow, L.& Co.

Oct., 1888

Jan. 1, I9ii
do
do
J.
D. N.Y., Am.Exch.Nat.Bk. Dec. 1, 1909
After 1910
D.
J. N. Y., Am. Exch. N. B’k Jan. 1, 1905
July 2, 1881
J.
Dover, Co.’s Office.
J. Phil., Fid’llty I.T.&.S.Co July 1, 1895
Aug. 16,1881
Philadelphia.
Q.-F.

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

1%

1,652,000
1,500,000
152,000
26,200,000
3.067,000
600,000

....

1875

288

1853.

Detroit Lansing £ North—Stock, common
Preferred stock
1st mortgage
Ionia & Lansing, 1st mort., coup., may be reg—

1,000

....

•

225,000
220,000
495,000
1,468,994
650,000

25

....

1875

27

gold

1st mortgage,

•

1,000
1,000
1,000

1,000

1879
1865

85
•

$1,000

1879

41
100

B

Pehentn™ bmids
Delaware Lackawanna. £ Western—Stock
.
Consol, mort., on roads & equipm’t,($l 0,000,000).
Bonds (convertible June 1,1875 to ’77)
Lackawanna & Bloonssb., 1st mort. (extension)..
Denver Longmont £ Northwestern—1st mort.,
.
Denver £ Rio Grande—Stock ($30,000,000 author’d)
1st mort., gold, sinking fund
let consol, mortgage ($15,000 per mile)

Denver South

1869
1881

142
142
32

$351,000
1,898,000

&
&
&
&
&
&

Q-J&
&
&
&

M.
J.
M.
A.

May, 1905

do

F. & A.

New York,
do
do
do

S.
D.
S.
O. New

Oct. 20, 1881

Office.
do
do
do

Sept. 1, 1907
June, 1892

March, 1885

York and Boston.

April l, 1911
Oct. 11,1881
& N. N.Y., Am.Exch.Nat. B’k Nov. 1, 1900

Q-~J •
M.

....

M.
J.
J.
J.

&
<fc
&
&

A.
A.
M.
A.
F.

N.
J.
J.
J.

Jan.

do
do
New York.

& J.

J.

&
&
&
&
&

J.

O. New York & London.
do
do
O.
New York.
N.
do
O.
A. N.Y.,Canad’nB. of Com.
& J. New York, 50 Wrall St.

....

F. & A.
J. & J.
J. & J.

1, 1910

Aug. 15,1880
N.Y., London& Frankf’t May 1, 1905
Jan. 1, 1921
N. Y.. Co.’s Agency.
Jan. 1, 1911
New- York.
N. Y., Morton, B. &Co. June 1, 1905

,

Boston.
do

Boston, 2d Nat. Bank.
do

do

1918
1918
Jan. 1, 1882
Jan. 1, 1882
Feb. 15,1888
Jan. 1, 1882

Aug. 10,1880
Feb. 15,1331
Jan 1, 1907
July 1, 1889

Denver £ Rio Orande (3 ft.)—Dec. 31,1880, owned from Denver City,
Col., to Alamosa, Col., 251 miles; branches—Pueblo, Col., to Canon City
and Coal Mines, 44 miles; Cuchara, Col., to El Moro, Col., 45 miles; total
to Jan. 1, 1881, 340 miles.
In July, 1881, the total mileage completed
$1,398,100 of the common stock. (V. 29, p. 15 ; V. 32, p 312.)
was 830, and 400 more were under construction.
The trouble between
the Atch. Top. & S. Fe line and this company was finally settled by agree¬
Dayton £ Union.—June 30,1878, owned from Dodson, O., to Union City, ment, and a judicial decree entered fixing it for ten years, (see V. 30, p.
Ind., 32 miles; leased Dayton to Dodson, 15 miles; total operated, 47
143), viz.: “The Denver & Rio Grande is to stop the construction
miles. The Greenville & Miami RR. was sold out Oct. 30,1872, and re¬
of its Pueblo & St. Louis line east from Pueblo.
Its extension
organized as now Jan. 9,1863. Operated by trustees since Dec., 1871. into New Mexico is to be built only to a point half way between
Capital stock, $86,300; funded debt, $487,445, and other liabilities, Conejos and Santa Fe. The Atchison Topeka & Santa Fe Company

bonds
hold

cent consol mortgage bond. There are also $53,000 Toledo Depot
due 1881 and 1894. Of the common stock $1,010,000 only is guar¬
anteed 3^ by C. H. D. Loss in 1880-81, $13,078. The lessees

$52,390; total, $626,135.

Property account, $620,224. (V. 32, p. 69.)

agrees not to build to Denver or Leadville, or to any other point
on or west of the Denver & Rio Grande Railroad.
Dayton £ Western— Dec. 31, 1880, owned from Dayton, O., to Rich¬
The first comprehensive report was published in the Chbontcle, Y,
mond, Ind., 41 miles. Leased in perpetuity from Jan. 1,1865, to Little
32, p. 550, giving a history of operations, the report for 1880, &c.
Miami, and carried with that road in the general lease to the P. C. & St. The Denver & Rio Grande offered to exchange each $1,000 of the
Louis. The lessees are virtual owners and are answerable for all obli¬
subscriptions to the Pueblo & St. Louis road securities for $1,000 in bonds
gations.
and $500 m stock of the Colorado Coal & Iron Co. The trust deed of
Delaware.—Oct. 31,1880, owned from Delaware Junction (P. W. & B.), the consolidated mortgage is to Louis H. Meyer and John A. Stewart,
Del., to Delmar (Md. Line), 84 miles; branches, 16 miles; total operated, of New York, as trustees. The deed is to secure and provide for an
100 miles, less one branch (6 miles) operated by the Dorchester & Dela¬ issue of bonds, the amount afloat at one time not to exceed $30,000,000,
ware Railroad.
The Delaware Railroad was opened 1855-1860, and is of Avhicli $7,422,200 shall be used in retiring prior issues, and the
leased to the P. W. & B. Co.; rental 30 per cent of gross earnings, but balance issued for the purpose of building and completing the exten¬
stock must have six per cent. Gross earnings m 1878-9, $448,362; net, sions to Leadville, New Mexico and-San- Juan mines, and other points—
$134,508; in 1879-80 gross, $426,265; net, $127,879. Dividends and and the bonds are issued at $15,000 per mile. Of the consol, mortgage
$1,040,000 exchanged for Arkansas Division bonds held by trustees of
interest paid in 1879-80, $129,773. (V. 28, p. 69.)
the Colorado Coal & Iron Co. The following are the latest yearly earn¬
Delaware £ Bound Brook— December 31, 1880, owned from Bound
Brook (C. of N. J.) to Delaware River, 27 miles; branch, main line to ings reported (1879 not given): Average
Gross
Net
Trenton, 4 miles; total operated, 31 miles. In connection with Central
Miles.
Earnings.
Earnings.
of New Jersey and North Pennsylvania forms a line between New Years.
293
$622,792
$357,160
York and Philadelphia. In May, 1879, the property was leased for 1877
1,096,517
308
473,061
990 years to the Philadelphia & Reading Railroad Company—the lessee 1878'....:
1880
474
3,478,066
1,710,461
paying interest and 6 per cent on stock in 1879-81, 7 per cent in 1881-83,
and 8 per cent afterward. The terms were described as follows at the —(V. 30, p. 16. 118, 143, 248, 322, 493, 624; V. 31, p. 44, 94, 152,558,
time: “ The lease is for 990 years, being made for this term because the 588, 652, 672; V. 32, p. 231, 500, 550, 686; V. 33, p. 46, 124, 201, 303,

Bound Brook’s charter is for 999 years,

and a few years of its existence

329.)

all

have already passed. The conditions are that the Reading is to pay
interest on the bonds of both the main roads and the laterals, and the
interest on the floating indebtedness at 6 per cent until the bonds are

The Reading also binds itself to pay dividends on the stock
of both roads quarterly, on the 1st of February, May, August and No¬
vember. For the first two years it is bound to pay 6 per cent dividends;
for the next two years following, 7 per cent, and for
years 8 per cent, free of all taxes. Gross earnings in 1880. $563,789;
net, $265,743. (V. 28, p. 451, 503; Y. 30, p. 566 ; Y. 32, p. 611.)

converted.

owned from Denver, Col.,
8 miles; branch to

Denver So. Park £ Pac. (3 /(.)—Dec. 31,1880,
to Gunnison, &c., 135 miles; extension to Hortense,
Morrison from Bear Creek, 9 miles, and branches, 6 miles;
Gunnison City, 54 miles; total, 212 miles.
mortgage
at the rate of $12,000 per mile of finished road,
in> per cent annually on outstanding

all subsequent
<r

Delaicare Lackawanna £ Western— Dec. 31, 1880,
ware River (N. J. line) to New York State line, 115
Scranton to Northumberland, 80 miles; Greenville

extension to
bonds issued
and the sinking fund oi
bonds, to be retired at par by lot,
begins in 1886.
Sept. 20,1880, new branches authorized, and voted to
increase the capital stock, and in Oct., 1880, the consol, mortgage was
made for $15,000,000, to be at $17,000 per mile on whole road, old ana
new, less the amount of first mortgage on the old.
In December,
1880, Mr. Gould bought most of the stock, and passed it over to the
Union Pacific. (V. 30 p. 66, 624; V. 31, p. 45, 68, 152, 358, 429, o35,
First

1

owned from Dela¬

miles; branches—

to Winton, Pa., 8

miles; Junction to Keyser Valley, Pa., 5 miles; leased lines in New
York—Cayuga & Susquehanna Railroad, 35 miles; Green Railroad,
8 miles; Oswego & Syracuse Railroad, 35 miles; Utica Chenango &

558, 608; V. 32, p. 44,

444.)

Denver Western £ Pacific.—Proposed
mont. Col.
From Denver 30 miles to

Long¬
in 1st mortgage bonds ana

road from Denver to

be done by Aug.

1,1881. ror

Susquehanna Valley Railroad, 98 miles; Valley Railroad, 11 miles; $3,060 in cash the company gives $3,000
controlled and operated—Syracuse Binghamton & New York, 81 miles;
$1,500 in stock. John 8. Crooks, President, Boston.
Rome & Clinton Railroad, 13 miles; Utica Clinton & Binghamton, 31
Des Moines £ Ft. Dodge.—J line 30,1881, owned from Des Moines to
miles; leased lines in New Jersey—Chester Railroad, 10 miles; Morris
& Essex, 118 miles; Newark & Bloomfield, 4 miles; Warren Railroad, Dodge. Iowa, 84 miles, with an extension building, 26 miles, to Roue.
19 miles; total operated, 670 miles. For the terms of leases, see remarks Originally a division of the Des Moines & Valley RR., built in
ana
under the names of the respective leased roads.
The Lackawanna & sola out in 1873. Gross earnings in 1880 were $324,725 ; net, $143,9-b*
Half of above bonds are incomes and depend on earnings for their inter¬
Bloomsburg was consolidated with this company June 19, 1873.
The
following is a synopsis of the annual statement of the company for 1880: est. Capital stock is $1,843,120, of which $756,120 is preferred.
32, p. 312, 434; V. 33, p. 23.)
Gross earnings from all sources
$21,656,604
Det. Grand Haven £ Mil.—Dec. 31,1880, owned from Detroit, Mich., to
Less expenses
15,753,133
Grand Haven, Mich., 189 miles. This is a reorganization of the Detroit
Balance net earnings
$5,903,471 & Mil. which was sold in foreclosure Sept., 1878. A sufficient amount
Deduct interest on bonds and rentals of leased roads
3,627,381 of first mortgage bonds is reserved to retire O. & O. and Det. &• P. bonus
on maturity".
The bonds are guaranteed by the Gt. Western of Canaua.
Actual profit for the year ending Dec. 31,1880
$2,276,039 The consol, bonds draw 5 per cent till April, 1884. and 6 afterward. H*®
stock is $1,500,000. Gross earnings in 1880, $1,220,076; net, $403,81**
The following shows the gross and net earnings of the company proper,
—(V. 28, p. 120.)
including the aggregate coal sales, for twelve years:
Net

Gross

Earnings.
1,759,595
2,164,019

1871....
1872....
1873....

Earnings.
14,924,010
20,011,300
17,086,100
21,660,013
25,334,989

1874....

22,741,521

5,743,750

Years.
1868-9..
1869-70.

1,118,911
1,295,488
5,331,310

Years.

Fort

1870

(V.

Gross

Net

Earnings.

Earnings.

$27,014,846
17,447,916
14,871,311
14,454,405
20,226,708
21,656,604

$7,162,183
4,001,861
2,479,197
3,618,129
3,810,451
5,903,471

The mortgage for $10,000,000 authorized will take up prior bonds to the
amount of $2,820,000 as they mature, and the balance was for cash re¬
sources as required.
(V. 30, p. 108, 408, 216, 229, 304; V. 32, p. 230 ;
V. 33, p. 73.)
Denver Longmont £ Northwestern.—This road is in progress from
Denver to Longmont in northern Colorado.
Bonds ($100,000) offered
in Boston March, 1881, at 90, carrying bonus of 5 shares of stock with

each $1,000 bond.




Frederick O. Prince, Boston, Pres.

(V. 33, p. 20.)

Det. Hillsdale £ South w.—Dec. 31,1880, owned from
to Banker’s, Mich., 65 miles. The Det. H. & Ind.
closure December 28, 1874, and this company
holders. In Aug., 1881, leased in perpetuity to the
Southern Co.
(V. 30, p. 222; V. 33, p. 225.)

Ypsilanti,. Mich.,

road was sold in lore
organized by the dou ‘
Lake Shore & JUitu.

Detroit

Lansing £ Northern—Dec. 31,1880,

owned from

Grand Trunk

branches—Stanto
1*2 inues?
oP^atea.
&LanaDK,
railroads, un

Junction, Mich., to Howard City, Mich., 157 miles;
Junction to Big Rapids, Mich., 63 miles; Belding Branch,
leased, Grand Trunk Junction to Detroit, 4 miles; total
miles. A consolidation, April 11,1871, of the Detroit Howell
the Ionia &Xansincr.aud the Ionia Stanton & Northern
the name of Detrait Lansing & Lake Michigan RR., which was
foreclosure December 14,1876, and newT stock issued as above.
earningR in 1878, $970,033; in 1879, $1,108,932; in 1880.

earnings in 1878, $372,198; in 1879,
-(V. 28, p. 326; V. 30, p. 168, 271; V.

Net

^

$1.203,ioi.
in 1880, $464,

$449,145;
32. p. 394.)

October,

Subscribers will confer a great
explanation of column

Thibuoue

headings, &c., see notes

first page of tables.

on

& Daft.—1st

M., gold, gu. (payable at 105)

Sioux OUy~f tock
1st division......
1st mortgage, 2d division (for $1,400,000)
Dunkirk Adiegh. Valley & Pittsburg—1st mort.,

Dubuque &

1st mortgage,

2d mortgage

Past
East

gold

-•

mortgage* registered. ..’.*...*.*.

Pennsylvania—Stock

1st mortgage.
East Tennessee Virginia

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

63

1879

143
100

90
90
30
36
36

—

•

Equipment bonds
Elizabeth City d Norfolk- 1st mortgage, gold

gold

75
122
47
77
77

....

1,000

1,000
1,000
....

100
100 &c.
500 &c.
100

1860

100 &c.
100

....

100

Dubuqued Dakota.—Dec. 31,1880, owned from

1,000

....

....

into consolid. mort—

•

1856
1876

77

to run

Erie d Pittsburg—Stock....
1st mortgage, convertible

130

....

-

Elizabethtown Lex.dBig Sandy—1st mortgage,
Elmira Jeff. d Canandaigua—Stock
Elmira d Williamsport—Stock, common
Preferred stock
r.
1st mortgage bonds
Income bonds, 999 years

242
112

16
38
94

mortgage

•

1881
1870
50-’56
1856
1872

mmm

..

•

1880

282

funding certificates.. -. v.

50
100 &c.
100
100

....

,

Mortgage

Eastern (N. H.)—Stock
Eastern Shore (Md.)—1st
Eel River—Stock

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

1858

....

RR.lst mort. (extended for 10 years)

Essex

500 &c.

....

....

Old 1st mortgage sinking fund bonds.
East Tenn. & Georgia ($92,000 are endorsed)
East Tennessee ana Virginia (endorsed)
2d mortgage to U. S. Government
Eastern (Mass.)—Stock

100
500

1863
1864
1870
1870
1870
1873

43
90

....

bonds

$1,000

....

d Georgia—Common stock. 1,232
Preferred stock (6 per cent)
1,123
Consol, mort,, gold (for $22,000,000)
Income

81*2

1879
1880
1872

....

1,000
1,000
100
50
50

....

.

.

_

.

1860
1863

1,000
500
50
100 &c.

....

1862

Sumner, la,, to Hamp¬

ton, la, 63 miles. Built on the old grading of the Iowa Pac. Dubuque &
Sioux C. Co. guarantee the bonds issued for construction to the extent of
$10,000 per mile. Bonds may be paid off at any time at 105. Bonds as
above $10,000 per mile; preferred stock $10,000 and ordinary stock

$5,000; total, $25,000 per mile. (V. 30, p. 493; V. 32, p. 69.)
Dubuque d Sioux City.—Dec. 31,1880, owned from Dubuque, Iowa, to
Iowa Falls, 143 miles. Chartered as Dub. & Pac. in 1856. Leased to Ill.
Cent, from Oct. 1.1867. for 20 years, the lessees agreeing to pay 35 per
cent of gross earnings for ten years and 36 per cent for next ten years,
with privilege to make the lease perpetual at the latter rate. Earnings
1878, $925,228; net (after drawback to I. F. & 8 C.), $394,145. Gross,
1879, $927,826.

Dunkirk Allegheny Valley d Pittsb — Sept. 30,1880, owned from Dun¬
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation of the Dunkirk
War. & Pittsb. and Warren & Venango in 1872. Is owned by N. Y. Cent.
&B[udson River Co., but accounts are kept separate. Gross earnings.

earnings; deficiency, $20,109. Gross earnings
Capital stock, $1,300,000;
funded debt, $3,200,000; advance by lessee, &c., $21,016; profit and
loss, $103,458; total liabilities, $4,824,474. Nominal cost of property,
$4,815,379. (V. 30, p. 17.)
East Broad Top (Pa.)—Dec. 31,1880, owned from Mount Union, Pa.,
to Robertsdale, Pa., 30 miles. A coal road, opened in 1874. The stock is
$568,4C0. In 1878 gross earn’gs were $90,808 and net eam’gs $38,122.
East Pennsylvania—Nov. 30,1880, owned from Reading, Pa., to Allen¬
town, Pa., 36 miles. It is leased for 999 years from May 19,1869, to the
Phila. & Reading RR., at a rental of 6 per cent per annum on the stock
and interest on the bonds. G. A. Nicolls, President, Reading.
East Tennessee Virginia d Georgia.—Consolidation May, 1881. (V. 32,
p. 552). Mileage as follows: Bristol, Tenn., to Chattanooga, Tenn., 242
miles; Morristown, Tenn., to Paint Rock, Tenn., 45 miles; Knoxville,
Tenn., to Kentucky State Line, 66 miles; Cleveland, Tenn., to Meridian,
Miss., 380 miles; Ooltewah, Tenn., to Red Clay, Tenn., 12 miles; Rome,
Ga., to Brunswick, Ga., 378 miles; total, 1,123 miles, 221 miles of this
being in progress. The company leases the Memphis & Charleston Rail¬
road for 20 years, merely paying its earnings as rental, but agrees for
three years from Dec. 2,1879, to furnish funds to buy up any coupons
of the M. & C. road remaining unpaid. After the three years the lessee
may surrender the lease on six months’ notice. The company’s applica¬
1878-9, $283,132; no net

in 1879-80,

$261,947; deficiency, $17,217.

tion to the New York Stock Exchange, July, 1881, had the following:
“
Of the first mortgage consolidated bonds, there are held in trust by
the Central Trust Co. $7,509,000, to retire the same amount of the out¬

standing divisional and sectional bonds. There are also held in trust by
same trustee, $3,500,000 bonds to provide for the completion of the
Rome Atlanta & Macon division of the company’s railroad now in
progress, 178 miles in length, and the company has contracts with
responsible parties for the completion of the division during the year
for the proceeds of the funds so held in trust. The company owns 1,123
miles of railroad, of which 902 miles are in operation and the remainder
is in progress. It also operates under a lease for twenty years from
July 1,1879, the lines of the Memphis & Charleston Railroad Company,
from Chattanooga to Memphis, Tenn.. 310 miles, and the Florence and
Somerville branches, 20 miles, in all 330 miles, making a total of 1,232
miles of proprietary and leased lines now in operation and 221 miles in
progress. The lease of the Memphis & Charleston RR. is an operating
lease simply, and creates no moneyed obligation against the East Tenn.
Va. & Ga. RR., all net earnings being paid over to the lessor company.
The company has $5,000,000 cash in its treasury for equipment and
betterment purposes. During the nine months ended March 31,1881,
the company earned $2,629,065 and its net earnings were $1,449,102.
It is estimated that the gross earnings for the year ending June 30,1881,
will be $3,286,332, and the net earnings $1,811,378, which is sufficient
to pay the interest on the first mortgage and the income bonds, and leave
a surplus.
The company estimates the earnings of the whole line when
completed, on the basis of earnings of present line, at $4,166,000, and
expenses $2,000,000, leaving net earnings sufficient for all interest
charges and 6 per cent on preferred, and—in time—reasonable dividends
the

on

the

common

stock.”

The last annual report of the old East Tenn. Va. & Ga. was published
m the
Chronicle, V. 31, p. 556, and the earnings and income account
for the year ending June 30,1880, were as follows:
.

•

„

Passage
Freight

1879-80.

<

$304,283

833,115
69,115
6,373

«.

Express and mail
Miscellaneous
„

Total

$1,212,887

Expenses

776,994

Net earnings

Earnings for six

^ears.

}|74-5
}§75-6
18/6-7




$435,893
years

Miles.
272
272
272

past were as follows:

Gross Earnings.

$1,059,986
1,058,954

994,050

BONDS.

XY1X

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

DESCRIPTION.
Pnr
r

AND

STOCKS

RAILKOAD

1881.]

1878-79.

325,127

Outstanding

187-90

Rate per When Where
Cent.
Payable
6 g.
3
7
7>
7 g.
7
7
7
3
7

$650,000

5,000,000
296,000
586,000
2,000,000
1,000,000
200,000

1875-960.

500,000

1,709,550

495,900
27,500,000
16,500,000
11,000,000
16,500,000
3,123,000
535,400
147,000

®

®

Payable, and by
Whom.

& J. N.Y.,M.K. Jesup,P.&Co.

A. & O.
J. & J.

N.Y.,M.K.Jesup,P.& Co.
N.Y.,C.M.&St.P.,Office.

Stocks—Last
Dividend.

July 1, 1919*
Oct. 15, 1881
1883
1894

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

do
do
J.
D. N.Y..N.Y. Cent. & Hud.
O.
do
do
do
do
O.
& J. Philadelp’a, Co/s Office.
& J. Phila., by P. & R. RR.
& S.
Phila., P. & R. office.

July 1, 1903
July 19,1881
Mar. 1, 1888

J.

& J. N. Y.,

R‘. T. Wilson & Co.

July 1, 1930

&
&
&
&

June, 1890
1, 1890
1. 1890

Oct.
Oct.

m

....

5 g.

7 *
6
6
4
3
J. & J.
M. & 8.
6
4j2£T. M. & 8.
J. & D.
2*4
6
T. & J.
90 cts. 6.—M.|
7
Q.—F.
6 g. AT. & S.
6 g. M. &. S.

J. & J. N.
J. & J. N.
M. & N.

190,000

4,997,600
194,400

13,308,034
492,500
400,000
2,972,800
83,000
900,000
2,500,000
500,000
500,000
500,000
1,000,000
570,000
1,998,400
278,700

®

J.

pal,^When Due.

<

1*4
2*2
3*2
6
5

1\
7

1911

Y., Gallatin Nat’l B’k July 1, 1900
Y.,R. T. Wilson & Co. 1881 to 1886
do

do

May 1, 1886

Boston.
do
Boston and London.

Boston, by Treasurer.

Philadelphia.

Jan.l, ’82& ’87
July 15.1873
Sept. 15,1896

Sept., 1906

June 1, 1881
Jan. 1, 1900

Sept. 5, 1881
May 1, 1885
New York.
Sept. 1, 1920
Mar. 1, 1902
New York.
July, 1879
Baltimore, N. Cent. RR.
& N. Phila., Penn. R. R. Co. May 1, 1881
do
do
& J.
July, 1881
do
Jan. 1, 1910
& J.
do
Boston, by

Treasurer.

do

do

....

M.
J.
J.
A. & O.

Q.-M.
J.

& J.

Oct.

N. Y.. Union Trust Co.
do
do

1. 2862

Sept. 10, 1881

July 1. 1882

Miles.
Gross Earnings.
Net Earnings. Div. p. ct.
272
$1,022,252
$409,609
3
988,291
272
368,188
3
272
1.212,887
435,893
6
The stockholders in October, 1880, voted to increase the stock to
$5,000,000 by selling to the stockholders 150 per cent on their holdings
at the price of $30 per $100 share. Of this action the President, Mr. Cole,
said in his report at the annual meeting in November: “This action
on
the part of the stockholders has met with general approval,
so far as
your directors have been informed. At the same meeting
the board of directors were instructed to buy the Selma Rome
& Dalton Railroad from the syndicate, which purchased it in Juno last
at Selma, Ala., if it could be done for $2,250,000, pajrable in 6 per cent
50-year registered coupon bonds of this company, and also to buy th&
balance of the stock in the Georgia Southern Railroad. (V. 29, p. 382;
V. 30, p. 567 ; V. 31, p. 429, 510, &56; V. 32, p. 69, 265, 552, 612; V.
33, p. 303, 357.)
’

Years.

Eastemi', Mass.—Sept. 30,1880, owned from Boston, Mass., to New
Hampshire State Line, 41 miles; branches—Salem to Marblehead, 4
miles; Beverley to Gloucester, 17 miles; Salisbury to Amesbury, 4
miles; Revere to Lynn, 10 miles; Peabody to Wakefield, 8 miles; Salem
to Lawrence, 20miles; others, 14 miles; leased—Eastern RR. of N. H., 16
miles; Newburyport City RR., 3 miles; Portland Saco & Portsmouth, 51
miles; Portsmouth & Dover, 11 miles; Portsin. Gt. Falls & Conway, 71
miles; Wolfeboro Railroad, 12 miles; total operated, 282 miles.
The company became embarrassed in 1875 and compromised with its
bondholders by the issue of a general mortgage to fund all the prior nonmortgage debts, the new bonds to bear 3*2 per cent for three years from
1876, then 4*2 per cent until September, 1882, and 6 per cent thereafter.
Notes payable are $916,400, secured by collateral or real estate.
The last annual report was published in V. 31, p. 509. Operations and
earnings for five years past were as follows:
Passenger
Freight (ton)
Gross
Net
Years.
Miles.
Mileage.
Mileage.
Receipts.
Receipts.
282
69,453,812
34,224,383 $2,412,140 $683,594
282
68,502,002
39,099,659
2,451,323
799,31T
282
61,706,681
2,422,394
39,116,073
871,810’
282
65,403,019
44,996,094
2,485,977
994,785282
>61,707,305
77,081,998
2,905,056 1,084,927
-(V. 29, p. 537, 629; V. 30, p. 144; V. 31, p. 45, 509; V. 32, p. 15,
687.)

Massachusetts State

Eastern IN. H.)—Sept. 30, 1830, owned from
Line to Maine State Line, 16 miles. It was formerly leased for 99 years
to the Eastern (Mass.) Railroad, and a new lease was made from Oct.
1,1878, for 60 years and two months at $22,500 per year, equal to 4^
per cent per annum. Moody Currier, President, Manchester, N. H.
Eastern Shore (Md.)—Dec. 31, 1880, owned from Delmar to Chrisfield,

The road was sold in foreclosure Feb. 19,1879, subject
George R. Dennis, President, Kingsland, Md. Act
passed Legislature of Md., and signed by Governor (April, 1880,) to re¬
organize road. Stock, $450,000 (partly com. and partly pref.), in shares
of $25. Pref. to receive 6 per cent dividend before any is paid on com.
Eel River.—Deo. 31, 1880, owned from Logansport., Ind., to Butler,
Ind., 94 miles. This was formerly the Detroit Eel River & Illinois RR..
sold under foreclosure July 6, 1877, and reorganized under present
name Dec. 10,1877.
In August, 1879, it was leased to the Wabash St.
Louis & Pacific Railroad, at a rental of 3 per cent per annum on the
stock for two years, 4 per cent for three years, and 4*a per cent there¬
after. (V. 28, p. 276; V. 29, p. 226; V. 31, p. 204.)
Elizabeth City d Norfolk—The section of 45 miles. Norfolk, Va., to
Elizabeth City, N. C., was completed prior to June, 1881, and the exten¬
sion to Edenton, N. C., was in progress.
Md., 38 miles.

to the first mortgage.

Elizabethtown Lexington d Big Sandy—The mileage of the road will
as follows: Owned—Lexington to Mount Sterling, 33*6 miles; Mount

be

Sterling to Straitsville, 66 miles; Ashland to Big Sandy Bridge, 8 miles.
Leased—Straitsville to Ashland, 20 miles; Big Sandy Bridge to Huntington, 7-5 miles. Total owned and leased, 135-1 miles. It is the connect¬
ing line of the Chesapeake & Ohio and controlled by the same parties.
The authorized issue of bonds is $3,500,000, which will be negotiated
only as portions of the road are completed. Authorized capital of the
company is $5,000,000. (V. 29, p. 66; V. 31, p. 405; V. 32, p. 544.)
Elmira Jefferson d Canandaigua.—Dec. 31,1880. owned from Canan¬
daigua, N. Y., to Jefferson, N. Y., 47 miles. The road was foreclosed and
reorganized under present name Feb. 18,1859. It was leased to New

$270,438
650,687 York & Erie for 20 years from Jan. 1,1859, and the lease transferred
60,456 to N. Cen. RR. in 1866 at a rental of $25,000 per year. Lease termi¬
6,710 nated Jan., 1879, and road now operated at cost by Northern Cen.
Elmira d Williamsport.—Dec. 31,1880, owned from Williamsbar, Pa.,
$988,293 to Elmira, N. Y., 76 miles. This company was reorganized under the
620,103
present name Feb. 29,1860, and leased to the Northern Central Rail¬
way for 999 years
1,1863, at a rental of $155,000 per annum
$368,189 since Jan. 1,1880. from May
The dividends on the common stock are 5 per cent
and on the preferred 7 per cent. Operations are included in the North¬

Net Earnings. Div. p.ct.

$342,464
343,560

Bonds—Princi¬

INTEREST OR DIVIDENDS.

Amount

•

3
3

ern

Central returns.

(V. 28, p. 253.)
owned from New Castle, Pa., to

Eried Pittsb—Dec. 31, 1880.

Pa., 82 miles; branch, Dock

Junction to Erie Docks, 3 miles;

Girard,

leased—

STOCKS

RAILKOAD

*xx

Subscribers will confer a great favor by giving
DESCRIPTION.
For

Miles

of
explanation of column headings, &c., see notes
Road.
on lirst page of tables.

Erie ft Pitteburg— (Continued)—
2d mortgage, convertible
Consolidated mortgage free of

81*2
8II3

State tax

Equipment bonds
w
Europ’n ftN.A m.—1st M., Bang’r to Winn..Bang’r l’n

11887765--9690

Evansville Terre Haute ft Chic.—1st ruort.,
2d

gold

mortgage, gold:

Fitchburg—Stock

,

Bonds, coupons, ($3,500,000 authorized)

Flint ft Pere Marquette—Preferred stock

Reorganization mortgage bonds, gold
1st mort., land grant (to be paid March, 1882) ...
Flint & Holly RR. (sink’g fund $25,000 per year).
Bay City A E. Saginaw, 1st mort., guar by lessees
Bay County, issued in aid, guar, by lessees
Holly Wayne A Monroe, 1st mort., sinking fund.

Florida Central—1st mortgage, gold, coupon

Ifonda Johnstown ft Gloversville—1st mortgage
ftrtMadison ft Northwestern— 1st mort., gold
j crtWayne ft Jackson—Pref. stock, 8 per cent
Common stock
Fort Wayne Muncie ft

Cincinnati— 1st mort., gold...

2d mortgage

Equipment mortgage

Fort Worth <t Denvti—1st mort. ($20,000 per mile)
Framingham ft Lowell—1st mortgage bonds
Frankfort ft Kokomo— 1st mortgage, gold
Frederick ft Pennsylvania Line—1st mortgage
Fremont Elkhorn cb Mo. Valley—1st mortgage
1st mortgage
Income bonds

Galveston narnsb.d- S.Antonio— 1st mort, gold, 1. gr.
2d mortgage
Galveston Houston ft Hend. of 1871—1st mort

$100Ac.
1,000

$92,300
2,206,000

-

^

♦

1869
1869
1872
m

m

m

m

’74-7-9
317
283
190
17
13

...

1880
1868
1868
1867

65
59
10
100
100
100
109
109
109

1871
1877
1870
1880

26
26
28
51
39
51
256
226
50

685,000

1,000
100

1,000,000
775,000
325,000
4,500,000

1.000
P---.
1,000
1,000

6,500,000
2,093,000
253,000

1,000
1,000

1,500,000

300,000
100,000
75,000

500 Ac.
500 Ac.
500

1,000,000

1,000
1,000
100 Ac.

500 Ac.

1869
1871
1871

1,000
1,000
1,000

1871
1879

1,000
1000

-

....

1880
1872

500 Ac.
500 Ac.

1,000
1,000
1,000

and the lease was transferred to the Pennsylvania Co. The lease has
been quite "unprofitable to the lessees; in 1878 the deficiency paid by
them was $217,437; in 1870 $232,653; and in 1880 $242,810. Wm. L.
Scott is President, Erie, Pa. (V. 28, p. 377.)

European <£• North American— Sept. 30, 1880, owned from Bangor,
Me., to Vanccboro (State Line), Me., 114 miles. Road was worked in
connection with the European & North American Railway of New
Brunswick, making an unbroken line from Bangor, Me., to St. John,
N. B., 205 miles. In 1875 default was made, and a new company was
organized October, 1880, which issues new stock for the land grant
mortgage ($2,500,000).
The company had a land grant of 750,000
acres in the State of Maine.
In the year ending September 30,1880,

Hie gross earnings were $408,326 and net earnings $128,040. (V. 27,
p. 148. 251, 628; V. 20, p. 357; V. 31, p. 429.)
Evansville Terre Haute J Chicago—June 30, 1880, owned from Terre
Haute Junction, Ind., to Danville, Ill., 49 miles; leased, 6 miles; total
operated, 55 miles. It uses 6 miles of the track of the Rockville Exten¬
sion into Terre Haute; also leases the Indiana Block Coal road, 14
miles. On April, 30, 1880, a lease to the Chicago A Eastern Illinois
was made for 999 years; terms, $75,000 per annum and the assumption

by the C. A E. I. of all rentals and taxes paid by E. T. H. & C. The
bonded interest was reduced to 6 per cent and preferred stock for $100,-

Earnings for three years past were:
Miles. Gross Earnings. Net Earn’gs.
55
$222,782
'
$98,233
209,673
55
77,224
55
242,896
'
94,236
—Josephus Collett, President, Terre Haute, Ind. (V. 30, p. 221, 298.)

000 issued for overdue coupons.
Years.

Fitchburg—Sept. 30,1880, owned from Boston, Mass., to Fitchburg’
track), 50 miles; branches—Charlestown, 1 mile; North
Cambridge to Waltham, 7 miles; South Acton to Marlborough, 12 miles;
Peterborough A Shirley, Ayer, Mass., to Greenville, 24 miles; leased
and operated—Vermont A Mass. RR., Fitchburg to Greenfield, 56
miles; Turners Falls Branch, 3 miles; Troy & Greenfield RR., Green¬
field to North Adams, 37 miles; total, 190 miles. The Troy A Greenfield
RR. and the Hoosac Tunnel, owned by the State of Massachusetts, have
"been operated by this company, and are now contracted to it for seven
rears from Sept.
30, 1880. In 1878-9 net income above rentals and
Interest was $279,740; in 1879-80 it was $383,635. Operations and
earnings for five years past were as follows;
Passenger freight (ton)
Gross
Net
Div.
Years.
Miles.
Mileage.
Mileage.,
Receipts. Revenue, p.ct.
152 29,537,753 41,692,039 $1,859,455 $321,812
8
152 30,690,340 53,224,939
1,920,413
342,179
6
152 32,266,503 68,041,193
1,937,934
J47,620
6
152 35,094,145 92,832,640
2,079,973
379,202
'6
190 39,752,302 109,323,290
8
2,404,598
498,851
—(V. 28, p. 17, 526; V. 29, p. 41, 67, 537 ; V. 30, p. 42; V. 31, p. 204;
V. 32, p. 43, 334.)
Mass, (double

....

Marquette.—Dec. 31, 1880, owned from Monroe, Mich., to

Luddington, Mich., 253 miles; branches—Bay City to East Saginaw, 12
miles; Flint Junction to Otter Lake, 15 miles; St. Clair branch, 4 miles;
Saginaw & Clare Co. RR., 16 miles; Manistee branch, 3 miles; leased,
Saginaw & Mt. Pleasant RR., 15 miles; total operated, 317 miles. The
company made default on the consolidated bonds, November, 1875, and
he of
soid funded. A
?>artroadthem were Aug. 18. 1880,Receiverthe consolidated in June, 1879;
under was appointed mortgage, and

309,000
300,000

Rate per

When

Cent.

Payable

500,000
345,000
(?)
500,000
200,000
250,000
690,000
312,000
317,082

4,800,000
1,000,000
1,493,000

Where Payable, and by
Whom.

A. A O. N. Y., Union Trust Co.
do
do
J. A J.
do
do
A. A O.
J. A J. Bost., Merch. Nat. Bk.
M. A N. N.Y.jFarm.L'an A T.Co.
do
do
J. A J.
J. A D.
Boston, Office.
3*2
do
5, 6 A 7 A. A O.
7
•
7
7
6
6 g.
6 g.

2*2
6 g.
8
10
10
10
8
7 g.
7

700,000
2,000,000
700,000
1,800,000

....

Girard to Erie, 15 miles; total operated, 100 miles. Road opened in 1865.
It was leased to the Pennsylvania RR. for 000 years from March 1,
1870, at a rental of 7 per cent on stock and interest on the bonds,

Flint ft Pere

Amount

....

....

1871
1879
1876
1871

[Vol. XXXIII.

INTEREST OR DIVIDENDS.

Outstanding

1865
1868

BONDS.

Immediate notice of any error discovered in tbese Tables.

Date
Size, or
Par
of
Bonds Value.

»

56
55
55
189

AND

7 g.

....

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

A
A
A
A
A

A
A
A
A

0.
S.
N.
J.
S.
J.
J.
J.
0.

N.
N.

Y., Mer. Ex. Nat. Bk.
Y., Meehan. Nat. B’k.
do

do

v

1

Stocks—Last
Dividend.

April 1, 1890

July 1, 1898

Oct. 1, 1890
Jan. 1, I894
Nov. 1, 1899
Jan. 1, 1902

July 1, 1881
1894,’97A’99

July 1, 1881
Oct. 1, 1920
Sept. 1, 1888
May 1. 1888

Newark. N. J., Sav. Ins.

July 1, 1882

New York.

Sept. 1, 1887
Jan. 1, 1901
Jan. l, 1907
July 1, 1900
April 1, 1905
July 11, 1881

N.Y.. Merch. Nat. Bank.
Jacksonville, Fla.
N. Y., St. N-ich. Nat. B’k.
N. Y., Union Trust Co.
*

2*2

Bonds—Principal,When Due

....

8
8

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

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

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

7g.

A
A
A
A
A
A
A
A

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

Boston, Office.
do
do

Oct., 1889
April, 1896
July, 1881

Boston National Bank.

April 1, 1891

N.Y., Metrop’n Nat. Bk.
Pennsylvania RR. Co.
N. Y., Nat. Park Bank.

Jail.

do
do

.

do
do

N.Y., D.,M. ACo., A Lond.

Boston and London.
A J. N. Y., F. P. James A Co.

1, 1908
1900
1901
1899
1886

>

Feb. 1, 1910
June 1, 1905

July 1, 1902

Gloversville.—Sept. 30, 1880, owned from Fonda,
N. Y., 10 miles; leased, Gloversville A Northville
RR., Gloversville to Northville, 16 miles; total operated, 26 miles. Road
opened Dec. 1, 1870. The stock is $300,000. Net earnings, after de¬
ducting interest and rentals, in 1878-9, $16,285; in 1879-80, $33,359.
W. J. Heacock, President, Gloversville, N. Y.
Fort Madison ft Northwestern.—Owned from Fort Madison, la., to
WTe8t Point. Ia., 11 miles.
Projected line, Fort Madison to Oscaloosa,
la., 100 miles.
Under construction, and bonds sold in New York,
1881, by G. K. SLtare’s Sons.. (V. 31, p. 154.)
Fort Wayne & Jackson.—Dec. 31, 1880, owned from Jackson, Mich., to
Fort Wayne, Ind, 100 miles. This road is successor to the Fort Wayne
Jackson A Saginaw, which made default on its bonds and was sold in
foreclosure Dec. 3, 1879. The 8 per cent preferred stock was issued in
place of'the old first mortgage bonds and interest, and the common stock
in place of the old second mortgage bonds. (Y. 28, p. 199, 300; Y. 29, p.
301, 631; V. 30, p. 43.)
Fort Wayne Muncie ft Cincinnati—Dec. 31, 1880, owned from Fort
Wayne, Ind., to Connorsville, Ind., 104 miles. Opened in 1870. The
company defaulted and a receiver was appointed Nov., 1874. The road
was sold in foreclosure. July 27, to Elijah Smith, for the bondholders, for
$1,000,000. The bondholders are reorganizing.
(See plan, V. 32, p.
577.) Eliiah Smith, President, Boston. Mass. (V. 30, p. 192 ; V. 32, p.
121, 577; V. 33, p. 100, 153.)
Fort Worth ft Dearer—Road projected from Fort Worth, Texas, northAvcst to the Canadian River at a junction with the Atl. A Pacific. Built
by Texas A Colorado Improvement Co., G. M. Dodge, President. (V.
33, p. 384.)
Framingham <6 Lowell.—Sept. 30,1880, owned from South Framing¬
ham, Mass., to Lowell, Mass., 26 miles. Road opened Oct. 1, 1871, and
was leased from April 1, 1871, to Boston Clinton Fitchburg A New
Bedford RR. Co., and since Feb. 1, 1879, operated by Old Colony RR.
Co. On Feb. 14, 1880, a lease of the road to B. C. F. A N. B. Co. for
998 A'ears and 4 months, from Oct. 1,1879, was ratified. The stock ia
$512,096, and there are $250,000 8 per cent notes. Negotiations were
made for reducing interest on 1st mortgage to 5 per cent and for
canceling the 8 per cent notes and issuing preferred stock for them.
—(V.30, p. 192, 408, 493; V. 31, p. 94; V. 33, p. 176, 303.)
Frankfort ft Kokomo—Jan. I,fl878, owned from Frankfort, Ind., to
Kokomo, Ind., 26 miles. Road opened August 10, 1874. Capital stock,
$600,000. In May, 1879, this company’s bonds, amounting to $200,000,
and stock, amounting to $600,000, were placed on the New York Board
list. The road connects the Chicago division of the Pan Handle road
and the Indianapolis Peru A Chicago road with the Lafayette Muncie &
Bloomington RR. and the Logausport Crawforclsville A Southwestern
RR.
For four years and five months to Dec. 31, 1878; the gross earn¬
ings were $171,234 and net earnings $91,595. In 1879 gross earnings
were $40,896, and net earnings, $22,630.
Coe Adams, President, N.Y.
City. (V. 31, p. 229; V. 32, p. 368.)
Frederick ft Pennsylvania Line.—Dec. 31,1880, owned from Kingsdale
to Frederick Cit3r, Md.. 28 miles.
It is leased to Pennsylvania RR-*
which pays interest on first mortgage. Preferred stock held by Penn¬
sylvania RR., $460,000; common stock, $312,528. Charles E. Trail,
President, Frederick City, Md.
Fremont Elkhorn ft Missouri Valley.—Fremont to Oakdale, Neb.,
110 miles. Leased to Sioux City A Pacific Railroad. The rental is 3313
per cent of gross earnings. Stock, $846,000.
James Blair, President,
Fonda Johnstown <6
N. Y., to Gloversville,

Scranton, Pa.

Galveston Harrisburg ft Fan Antonio.—Dec. 31, 1880, owned from
reorganization was made and preferred stock ($6,500,000) issued for tue Harrisburg, Tex., to San Antonio,Tex., 215 miles; Houston to Harris¬
consolidated mortgage bonds, and common stock ($3,500,000) is to be burg, 11 mile's; Lagrange Extension, 30 miles. Total operated, 25b
issued for the old stock. The common stock has no present right to vote miles. Extensions to the Rio Grande and to El Paso are projected.
or to receive dividends, and will
lie i-sued only after the preferred This was a successor to the Buffalo Bayou Brazos A Col. Railway.
stockholders have received 7 per cent yearly dividends for five con¬ The road was opened to San Antonio March 1,1877. The gross earn¬
secutive years. The preferred stock is not cumulative, and after 7 per ings iu 1879 were $1,390,679; net earnings, $818,7(*6. I11 1 s80, gross,
Si,3 >2,-90; net, $799,164. The capital stock is $6,450,000, of which
jeent per annum is paid on b tli classes of stock, the balance of income,
if any, is to be divided ratably. On Jan. 1, 1881, the laud notes on $1,038,794 is paid in and $1,811,205 is represented by lands aiifUlonds.
hand for lands sold were $977,588, and lands yet unsold 159,356 aci.es. The bills payable Dec. 31, 1879, were $288,593, .and the debt duets®
Earnings for live years past were ms follows;
Years.
Miles.
Gross Earnings. Net EaiUlngs.
1876
283
$977,209
$322,437
1877
283
a snndng
972,684
371,854 The proceeds of land sal’s are used to retire the bonds,
1878
280
1,056,017
388,786 fund of 1 per cent begins in 1880, but it is optional with bondholders
1879
307
1,151,20 L
405,289 to surrender their bonds, if draAvn. In June, 1881, a controlling in1880
317
1,599,624
455,687 torest in the stock was bought by Southern Pacific parties. The lanu
—(V. 30, p. 91, 117, 518, 648; V. 31, p. 115, 201, 228, 305, 381, 558; V. grant is sixte *11 sections (10,240 acres) per mile. T. W. Peirce, Presi¬
dent, Boston, Mass. (V. 30, p. 114; V. 31, p. 305,453; V. 32, p.
32, p. 288, 575 ; V. 33, p. 254.)
Florida Central.—Owned from Jacksonville, Fla., to Lake City, Fla., 660; V. 33, p. 75.)
Galveston Houston ft Henderson of 1871.—Dec. 31, 1S80, owned from
50 miles.
In March, 1868, the old road was sold by the trustees (the
Florida Atlantic A Gulf) and this eoinoany organized July, 186 8.
The Galveston, Tex., to Houston, Tex., 50 miles. The road was opened m
1853-4 and sold in foreclosure Dec. 1, 1871, and reorganized. Mortgao
£ros.s earnings in 1877 8 were $163,892; net earnings, $11,319. The
debt at date of sale was $5,750,000.
Some of the coupons reimimed un¬
road was ordered sold Sept. 15, 1879, to satisfy a cl.a'in for $197,090 and
9 years’interest, made by foreign holders of Sta e bonds issued in ex¬ paid in the hands of parties interested in the road, and iu 187J a ujicchange for bo uds of this company. E. M. L’Engle, President, Jackson¬ closure suit avus begun by N. A. Cowdrey, one of the trustees 01 t
mortgage. In February, 1880, Mr, Israel Corse, of New York, w
ville, Fla. (V. 28, p. 59J; V. 32, p. 100, 334; V. 33, p. 121.)




f
J
i
-

1

Si

I
7

§

f
1
I

f

J

I

'

was

,

ami

...

j

I

1
$

I
i

1

t

KAILROAD

1881. |

October,

STOCKS

AKD

BOKDS

XXXI

Subscribers will confer a great favor by giving Immediate notice of any error discovered In tbese Tables.
DESCRIPTION.
Fnr
r

Miles

explanation of oolumn headings, &o., see notes
on first page of tables.

Georgia

.

35

Ithaca d Sayre—1st mort., s. f., gold

Geneva

Date

of
of
Road. Bonds

1870

307

Railroad & Banking Co.—Stock

Bonds, not mortgage
Bonds, not mortgage

.

....

Size,

or

Par
Value.

Outstanding

$100&c.
500

....

77&80
1867

1,000

8979781 8781
....

Augusta, 1st mortgage....
Grand Rapids & Indiana—Stock
"let morf., land grant, gold (guar, by Pa. RR)
1st mort.. gold, ($1,859,000 are land grant)
Income mortgage bonds, for $10,000,000
Green Bay d Minnesota—1st mortgage, gold
Gulf Colorado d Santa Fe—1st M., g. ($12,000 p.m.)
Hannibal d St. Joseph—Common stock
"preferred stock (7 p. c. yearly, not cumulative)...
Bonds 1870, convertible
Bonds, secured by land notes
Consolidated mort. (for $8,000,000)
Macon &

1st mortgage
1st mortgage

(Quincy & Palmyra RR)
(Kansas City & Cam. RR.)

Harri8b. PortsnVth Mt. Joy d Lane—Stock

1st mortgage
Han'isburg d Potomac—1st mortgage, coupon

Hartford d Connecticut Valley—Stock

Hartford d Western Connecticut—1st mortgago
Housatonic—Stock.

................

............

Preferred stock

1st mortgage, coupon
2d mort. bonds of 1869
3d mort., reg

77
332
332
332
332
214

....

292
....

15
53
54
54
28
44
67
120
120
74
....

Equipment bonds of 1873

1,000
1,000
1,000

....

76

9,776,63 1
7,657,001
' 8,430,962

582,413
452,975
495,440
536,847

1878
1881

1,000
....

1867
....

1853
1874
1871
1870
....

1865
1869
1880
1873
1878

....

50
500 &c.
100 &c.

1,000

500 &o.
100

100
500 &c.
500 &c.
500 &c.
500 &c.

(See V. 31, p. 305.)

180,214

148,872

205,055

March 4,1875, and the road was sold in foreclosure Sept. 2, 1876, ana
this company organized in the interest of the Lehigh Valley RR. The
Btock is $850,000 com., and also pref. stock of $850,000 is authorized.
Gross earnings in 1878-9 were $302,572; expenses, $475,423; deficit,
$172,850. Gross in 1879-80, $318,464; expenses, $427,999; deficit,

$109,535. R. A. Packer is President, Sayre, Pa.
Georgia Pacific.—Projected line from Atlanta to Mississippi River.
Built by Richmond & Danville Extension Co., which has $5,000,000
subscribed capital. See V. 33, p. 201.
Georgia Railroad d Banking Company—Augusta, Ga., to Atlanta, Ga.,
171 miles; branches to Washington and Athens, 60 miles; Warrenton,
Ga., to Macon, Ga., 76 miles; total operated, 307 miles. The West¬
ern Railroad of
Alabama, purchased m May, 1875, at foreclosure,
is owned jointly with the Central Railroad of Georgia. The Macon
& Augusta Railroad, 76 miles, is owned by this company. The Port
Royal & Augusta Railroad is owned one-fifth by this company. In April,
1881, a lease for 99 years was made to W. M. Wadley and associates at
$600,000 per year, payable semi-annually, and dividends will be 2*e per
cent quarterly from Oct. 1, 1881.
(V. 28, p. 501 ; V. 30, p. 434, 542;
Y. 31, p. 429, 535; V. 32, p. 69, 334, 396, 420, 526, 551, 612.)
Grand Rapids d Indiana.—Dec. 31, 1880, owned from Fort Wayne
Ind., to Petoskey, Mich., 332 miles; leased and operated; Cin. Richmond
&Fort Wayne RR., 91 miles; Allegan & S. E. RR., 11 miles; Traverse
City Railroad, 26 miles; total, 463 miles. This road was opened in May,
1874. For the terms of the lease of Cin. Rich. & Fort Wayne Railroadsee that company in this Supplement.
The Grand Rap. & Ind. RR. is
operated in the interest of the Pennsylvania RR. Co., and $4,000,000 of
tne first mortgage bonds are guaranteed by that company, wrhich buys
the coupons each year that remain impaid by the earnings, and on Jan.
1, 1880, held $1,862,170 unpaid coupons. First mortgago bonds
redeemed by the sinking fund are replaced by income bonds issued.
The company had land grants amounting to 852,960 acres, and sold
in 1880 48,350 acres, for $757,990. The lauds unsold were 576,007
acres. The assets were $548,961 in hands of trustees; $670,935 bills
receivable, and cash -with cashier, $123,019. Land sales Jan. 1 to Aug.
1, in 1881, to $356,373. Operations and earnings for four years past
follows;

Tears.

Miles.

$876

332

332
332
332

Passenger
Mileage.

14,448,942

Freight (ton)
Mileage.

33,713,086

Gross

Net

Earnings.

Earnings.

$1,137,539

$316,507

13,863,997
35,633,459
1,097,107
.348,745
15,184,660
42,437,701
1,200,629
242,458
17,823,880
51,267,197
1,345,134
432,645
-(V. 29, p. 146, 299; V. 30, p. 91, 463, 649; Y. 31, p. 483, 559; V. 32,
p. 155; V. 33, p. 47, 225.)
Bay d Minnesota.—Sept. 30,1880, owned from Green Bay, Wis.,
to
Marshland, Wis., 209 miles; branches, 10 miles; leased, Winona to
Analaska, 28 miles; total operated, 247 miles. Road opened Decem1873. There were 2d mort. bonds, $2,100,000. 8 per cents, due Nov.
l* 1893. The company made default and the road was sold March 12,
1881, and reorganized as the “Green Bay Winona & St. Paul”—Samuel
oloan, President. See full statement of debt and plan of reorganization
m
V^R0NICLE’ V. 31, p. 453, under which will be issued hew 6 per
oent first
mortgage bonds for $1,600,000 and new income 8 per cents
awn/
’781,000, new prof, stock for $2,000,000 and common stock for
|8»900,000. The old first mortgage bonds are exchanged as follows;
$1,000 receives $500 newr first mortgage and $815
new second incomes,
lae old second
mortgage bonds take for each $1,000 new second
mortgage incomes for $1,360. Capital stock, $7,995,000. E. F. Hatfield,
Jr;G18oPre8ident« N. Y. City. In 1880-81 net earnings were $114,106.
,

636-

V°33'p51484;iT' 31’ P‘ 358’ 453’ 559 ; V‘ 32* P‘ 69, 100, 368, 39G’

-rColorado d Santa Fe— April, 1881, road built from Galveston

-oClton, Texas, 226 miles.




J.
J.

7

J.

to

Road opened late in 1878 (63 miles), and sold

g.
g.
g.
g.

3%

6
7
7
7

1,180,000

2
7
6
5
7
7 g.

F.
J.
A.
F.
M.

3*a

100,000
300,000
300,000
150,000

532,000

Stocks—Last
Dividend.

& J. N. Y., Metrop. Nat. B’k.
& J.
& J.
& J.

July 1, 1890*

Augusta,Ga., RR. Bank. Oct. 15, 1881
do
do

do
do

do

do

Yearly to 1890
1897 & 1910
1887

A. & O. N. Y., Winslow, L. & Co.
M. & S.
do
do
F. &. A.
New York.
J. & J. N.Y.Nat.City Bk.&Galv.

700,000
507,200
800,000
3,200,000
820,000

3,000,000
433,000
1,200,000
1,182,550

Where Payable, and by
Whom.

pal,^When Due..

J. & J. N. Y., Third Nat. Bank.

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

1,000

2,416,653
9,928,275
229,560
-(V. 28, p. 146,172; V. 30, p. 43,192; V. 31, p. 45, 259, 281, 292, 305;
Y. 32, p. 312, 500, 577; Y. 33, p. 441.)
Geneva Ithaca d Sayre— Sept. 30,1880, owned from Geneva, N. Y., to
Sayre, Pa., 76 miles; branch, Ithaca, N. Y., to Cayuga, N. Y., 38 miles;
total operated, 114 miles. Organized Oct. 2, 1876, as successor of the
Geneva Ithaca & Athens RR., which had been formed by consolidation
of the Geneva & Ithaca and Ithaca & Athens railroads, May 25, 1874.
In 1880 absorbed the Cayuga & South. RR., 37 miles. Th© G. I. & A.
having defaulted on its interest was placed in the hands of a Receiver,

wore as

7
6

1,600

....

402,198
304,103
290,385
307,286

J. & J.

8
7
6
8
10

1870

$1,000,000. of which about one-third is owned by the Inter¬
national & Great Northern RR. Operations and earnings for five years :
Freight (ton)
Gross
Net
Passenger
Years. Mileage.
Earnings.
Mileage.
Expenses.
Earnings.
1875.. 2,618,496
$554,673
$384,183
$170,490
2,714,660
2,833,187
2,213,944

2%

4,000,000
307,000

....

1,000

The stock is

1876..
1877..
1878..
1879..

J.

7
7
7
7
7

elected President, and in July the company defaulted on its interest,
although publishing for five years past their annual net earnings near¬
ly double the amount of interest charge. Afterwards a stipulation was
entered into for placing the road in trustee’s hands.

7 g.

4,000,000
2,957,000
1,043,000
3,200,000
2,700,000
9,168,700
5,083,024

....

When

Payable

$600,000
(?)
4,200,000

100
100

1869
1875
1870
1879

292

....

Houst. East d West Texas.—1st mortgage, gold

1,000
100

1869

Rate per
Cent.

327,000
2,000,000
400,000
5,000,000

100

A

Bonds—Princi¬

INTEREST OR DIVIDENDS.
Amount

&
&
&
&
&
&
&
&
&
&

A.
S.
J.
S.
A.
J.
J.
J.
J.
,T.
& J.

Aug. 1, 1900
July 1, 1909-

N.

Y., Company’s Office Aug. 1, 1881

N.

Y., Farm. L. & T. Co.

N.

Y., B’k. No. America.

do

-

do

do

Mar., 1885

do

do

do

Jan. 1, 1888
Mar. 1, 1911
^

Jan., 1892
Jan., 1892

Pliila., Co.’s Office.

July 10,1881
do
'
do
July 1, 188S
Jan. 1, 1904
Pliila., Third Nat. Bk.
N. Y., Am. Exch. N. Bk. Jan. i; 1901
N. Y..Met. N. Bank.
July 1, 1900

Q.-j.
&
&
&
&
&

1899
1899
1906

A.
J.
O.
A.
N.

Bridgeport & Boston.
Bridgeport, Office.
do
do
N.

do
do

Bridgeport.
Y., Koimtze Bros.

Oct. 5, 1881
Aug. 1, 1885
July 1, 1889
April 1, 1910

Feb. 1,' 1883
1898

and reorganized April 15,1879. An extension is in progress to Fort
Worth. Stock, $1,250,000.
(See report in V. 32, p. 12, and April 30,p.
4 of advertisements.) George Sealy, President, Galveston, Texas.
(V.
30, p. 408; V.31, p. 347; V. 32, p. 312; V. 33, p. 47.)
Hannibal d St. Joseph.—December 31, 1880, owned from Hannibal,

Mo., to St. Joseph, Mo., 205 miles; branches—Cameron to Kansas City,
53 miles; St. Joseph to Atchison, Kans., 19 miles; Palmyra to
Quincy, Ill., 14 miles; total operated, 292 miles. The main line was
opened February, 1859. The company had a Congressional land
grant and received $3,000,000 in bonds from the State of Missouri, on
which the company pays interest. On Jan. 1, 1881, the company had
58,081 acres of land unsold and 36,003 acres on -which contracts were
canceled. The land notes are pledged as security for the bonds of 1878.
Preferred stock has prior right to a non-cumulative dividend ot 7 per
cent; then common to 7; then both share. Prices of stock as follows :
-Common.

/

1880.

.

January
February

42 - 3334
42 *2- 38%

March

40%- 35*4

April
May

37*434 355s36*44212445s-

June

July
August
September

..

31
2278
244*

313s

34
363s

s

59%,- 515Q
5934 56*4
85
93

-

855e

-

82

9434- 897s
98 - 91
350 - 91ic

October4 3 %- 3 7 *2
November...
45 - 39
December..,.
507s- 40%

Miles.
292
292
292
292

Preferred.
»
1881.
110 -100*2
72*e- 64
1880.

76
75

-

69%

1073b- 94

-

695e

105 78- 96
105 -100

73%- 65
72 %- 63*e
75 - 67
X7338- 68 7s

865s- 71*2
867s- 79

116

-104

116*2-112
118 -xl07%
117*2-111%
121

-1
-112

90 %- 80%

9478- 8634
105

Earnings and operations for four

Years.

/

1881.
57%- 4434
60 %- 47i2

Passenger
Mileage.
15,639,718
19,108,676
21,545,368

-

91

have been as follows:
Freight (ton)
Gross»
Net
Mileage.
Earnings. Earnings
years

1,931,365
795,479
80,764,682
100,012,716
2,045,450
780,355
773,983
111,987,174
1,997,405
19,925,041
120,665,740
2 561,390 1,256,800
—(V. 30, p. 296, 650; V. 31, p. 20, 94, 179, 204, 228, 259, 483, 535; V.
32, p. 15,100,145, 310, 420, 658; V. 33, p. 73, 298, 303.)
Harrisburg Portsmouth Mount Joy & Lancaster.—Dec. 31, 1880,
owned from Dillerville, Pa., to Harrisburg, Pa., 36 miles; branch,
Middletown, Pa., to Columbia, Pa., 18 miles; total operated, 54 miles.
The property wras leased to the Pennsylvania Railroad Co. for 999
years from Jan. 1, 1861, the rental being 7 per cent on the stock and
interest on the bonds. Operated as a part of main line of Penn. RR.
Harrisburg & Potomac— Dec. 31, 1880, owned from Bowmansdalo to
Jacksonville, Pa., 25 miles ; branch to mines, 2 miles; total operated, 27
miles.
Extensions are projected to Waynesboro and to Littlestown.
Road opened
is $369,175.

through in 1878. Bonds authorized, $1,800,000. Stock
C. W.Ahl, President, Newville, Pa. (V. 31, p. 652.)

Hartford & Connecticut Valley.—Sept. 30, 1880, owned from Hartford*
Ct., to Fenwick, Ct., 46 miles. Opened in 1871 and 1872. In hands of

trustees of first

mortgage for some time, and reorganization made fa

Feb., 1880, as the Hartford & Conn. Valley, with stock of $1,200,000
authorized and bonds of $500,000. (V. 28, p. 41; V. 30, p.116,144;
V. 31, p. 652.)
«
Hartford d Western Connecticut.—Sept. 30, 1880, the Connecticut
Western owned from Hartford, Conn., to New York State Line, 67 miles;
leased 2 miles; total operated, 69 miles. Gross earnings in 1879-80,
$238,810; net, $15,563. Capital stock, $1,890,100. Permanent property¬
's,042,785. No bond interest has been paid since Jan. 1, 1876. Foreclo¬
sure suit begun in 1880, and the State Treasurer took possession.
On
May 25,1881, bondholders re-organized, and stock in new company is
issued for bonds.
p. 23, 73, 153.)

(V. 30,

p.

192, 465; V. 31,

p.

509; V. 32, p. 577; V. 33,

Housatonic.—Sept. 30,1880, owned from Bridgeport. Conn., to State
Line, Mass., 74 miles; leased—Berkshire Railroad, 22 miles; West Stockbridge RR., 3miles; Stockbridge & Pittsfield RR., 22 miles; New York
Hous. & Northern RR., to Danbury, Conn., 6 miles; total, 127 miles. The
preferred 8 per cent stock was issued in 1845 to pay for lajing the road
with heavy iron. The company has voted to issue $700,000 of 5 per
cent bonds to take up $400,000 prior bonds, and to lay steel rails.
The
road does a steady business, as may be seen from the following state¬

ment of its

operations and earnings for five years past:
Net Div.*.
Gross
Passenger Freight (ton)
Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings. Pref
126
1875-6....
14,557,208
8
6,057,566
$655,236 $238,413
126
1876-7....
5,869,968
11,658,923
588,166
223,989
8
126
1877-8....
569,198
208,253
6,162,592
11,528,000
8
126
1878-9....
6,340,830
12,741,554
598,335
248,420
8
7,325,680
1879-80,.. 126
740,997
247,283
8
17,890,190
-(V. 30, p 273, 464, 509.)
Houston East & West Texas.—Dec. 31,1880, owned from Houston, Tex.*
to Livingston, Tex., 76 miles.
(Narrowguage, 3 feet.) It is intended to
build to Marshall. The company has a Texas land grant of 10,240
acres

of

for each mile constructed and equipped. Bonds issued to the extent,
p. m. Paul Bremond, Prest., Houston.
(V. 30, p. 467, 544«>

$7,000

Subscriber* will confer a great

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

345
119

Btmston d Texas Cent.—1st M., (main) gold, l.gr.,s.f.
1st mort., 1. gr., West div. (Hempstead to Austin)
1st M., gold,Waco A N’west (Bremond to Ross) —
Consol, mort., land grant, Main and Western Div.

58
464
58

Waco A Northwest

do

522
Gen. mort., gold (for $18,500,000)
58
Huntingdon A Broad Top—1st mort., gold
58
2d mortgage, gold
58
3d mortgage ,consolidated
1,320
Illinois Central—Stock
706
Mortgage bonds, sterling
.:
706
Sterling bonds, (sinking fund £20,000 yearly) —
706
Mortgage, sterling
111
Bonds, coup. ($2,000,000) M. onCh. A Sp. RR
101
Bonds, reg. ($200,000), mort. on Middle Div
147
Illinois Midland—1st mortgage, gold
542
Indiana Bloomington A West—Stock

Amount

Outstanding

202

let mort., pref.feoup. or reg
1st mortgage, coup., may be reg
Income bonds, reg., convertible

202
202

—

202
140
152
152

Division

Indianapolis Decatur A Springfield—1st mortgage .
2d mort., (income till July, 1881), convertible—
Ind. d Evansv— 1st M., gold (for $3,380,000), $ A £
Indianapolis d St Louis—1st mort., in 3 series

....

72
72
72
117

2d mortgage.

Equipment bonds

Indianapolis d Vincennes— 1st mortgage, guar
2d mortgage, guaranteed

Houston d Texas

to Denison,

117

Rate per

Cent.

1866

$1,000

$6,262,000

7 g.

1870
1873
1872
1875
1881
1854
1857

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

7 g.
7 g.

1865

1,000

2,270,000
1,140,000
4,117,000
84,000
4,000,000
416,000
367,500
1,403,000
29,000,000

1187-90
68978
<

2d mortgage, coupon or reg
1st mortgage, gold, Eastern

[VOL. XXXIII.

discovered in tbese Tables.
Bond*—Princi¬

INTEREST OR DIVIDENDS.

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

do

BONDS.

favor by giving Immediate notice of any error

DESCRIPTION.
For

STOCKS AND

EAILEOAD

XXX11

500
500

100
£200
£200
£200

....

1875
1871
1875
1877
1878
1875

1879
1879
1879
1879
1881
1876
1876
1881
1869
1870
1871

1867
1870

1,000

1,600,000

1,000

200,000
44 75,000

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

1,000
1,000

8,500,000
600,000
3,500,000
137,300
1.500,000
3,000,000
1,800,000

1,000

2,669,000

500

1,100,000
2,000,000
906,000

1,000
1,000
1,000

500,000

500 Ac.

1,700,000

1,000

1,450,000

Central.—April 30, 18S0, owned from Houston, Tex.,

Austin,

Tex., 341 miles; branches—Hempstead, Tex., to

2,500,000
4,200,000
1,000,000

Tex., 115 miles; Bremond, Tex., to Ross, Tex., 54 miles; operated—
Texas Central Railroad, Ross to Morgan, 43 miles; total operated, 553
miles. Opened March 11, 1873. The Austin Branch, or Western Div.,
was opened in 1871.
The company lias a land grant from the State of
Texas of 10,240 acres per mile, amounting to about 5,130,7*20 acres;
but the lands, as in the case of other Texas roads, are not on the line
of the road, and much of the land will be made available, it is reported,
by the construction of the Texas A Pacific line. The capital stock is
$7,722,900. In 1877 the company was embarrassed and application
was made for a Receiver; but the difficulties were adjusted by the issue
of income and indemnity bonds (paid off July, 1981), and Mr. Morgan,
of the Louisiana SS. Line, bought a controlling interest in the stock.
The general mortgage of 1881 for $18,500,000 is made to the Farmers’
Loan & Trust Co. as trustee. Last report of earnings gave the following:
Gross Earn’gs.
Net Earn’gs.
1880
$3,74 L,-000
$1,733,077
1879
3.205.084
1,431,913
1878
2.920,990
1.108,957
No other annual statement has been published, and the following is
the general balance December 31, 1880:

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

3-2
6
5
5
6
6
7

g.
gg.

g.

7

3 to
6
3 to
6
7
7
6
7
7
8
7
6

6
6
g.

g.

When

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

Payable

Whom.

J. & J. N. Y., J.
do
A J.

J. Cisco A Son.

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

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

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

do
do
do
do

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

J.
O.

J.
A.
J.
J.
J.

do
do
do
do
do

Philadelphia, Office.
do
do

do
do

July 1. 1891
r

July 1, 1891
July 1.
Oct. 1,
May 1,
April 1,
Oct.
Feb.

do

D.

do

N. Y., Treas.’ Office.
do
do

J.
A.
J.

J.
J.
D.
0.
J.
0.
Various
A. A O.
J. A J.
F. A A.
M. A N.

Y., Treas.’ Office.

Dec.
Jan.
-

1912
1915

1921

1.

1890
1. 1895

April
Sept.
London.
April
O. London,Morton R.A Co. April
N.

1903

1,
1.
1.
1,

1895

1881
1895

1903

1, 1905
1, 1898

-ir -

T

» t

Jan.

N.Y., Corbin Bank’g Co.
do
do
do
do
New

do
do
do
do

York, Co.’s Office.

do
do
London and New York.
N. Y., Union Trust Co.
do
do
do
do
N. Y., Farm. L. A T. Co.

do

do

1, 1905

Jan.

1, 1900

April 1, 1909
April 1, 1919
April 1, 1909
June 1, 1921
Jan. 1, 1906

July 1, 1906

April 1, 1911
July 1, 1919
Oct, 1, 1900
July 1, 1881
1908

1900

A Terre Haute. Receiver appointed Sept.
11,1875. Earnings in 1878-9 $249,299; expenses, $292,443; defleit,
$13,144. L. Genis, Pres, and Receiver, Terre Haute, Ind. (V. 32, p. 636 ;
V. 33, p. 124.)
'■
*
Paris A Decatur and Paris

Indiana

Bloomington A Western.—This was a

consolidation in March,

1881, of the Ind. B. & W. and the Ohio Ind. A Pacific. The I. B. A W.
owned from Indianapolis, Ind., to Pekin, Ill., 202 miles; track used
on rental, Pekin to Peoria. 10 miles; total, 212 miles.
The company

put under construction its Eastern Division from Indianapolis to Springfield, Ohio, 140 miles. The Cincinnati Sandusky & Cleve. was leased
April, 1881—Sandusky to Dayton, 154 miles; branch, Carey to Findlay,
16 miles. But of this, 24 miles (Springfield, O., to Dayton) is leased to
Cincinnati and Springfield, leaving but 146 miles; also with it the
Columbus Springfield A Cincinnati road, Springfield to Columbus, 44
miles; total, 190 miles. Total operated 402 miles, and 140 building.
The former Indianapolis Bloomington & Western Compan}’’ defaulted
Oct. 1, 1874, and a Receiver was appointed Dec. 1, 1874. The road was
sold in foreclosure Oct. 30, 1878, and the company reorganized. Interest
is on the first mortgage bonds 3 per cent per annum for the first three
years, 4 per cent for the succeeding two years, 5 per cent for the suc¬
ceeding three years, and then 6 per cent until maturity. The mortgage,
by its terms, cannot be foreclosed for non-payment of interest until
GENERAL BALANCE. DECEMBER 31, 1880.
1,
3 per cent
Construction & equip. $24,058,521 Capital stock
$7,720,900 January for 1884. The second mortgage bonds bear succeeding per annum
interest
the first three years, 4 per cent for the
two years,
15,234,500 5
Real estate
993,170 Funded debt
per cent for the succeeding three years, and 6 per cent thereafter
292,780
State lands
5,490,82 * State school fund loan
until maturity.
income bonds take sucli
July 1, 1879,
1,731,045 not exceeding 6 The cent per annum, as the interest frommay suffice to
8undry securities
558,981 Bills payable
per
net earnings
Interest accrued
99,010
Materials and supplies
340,340
$830,090 stock scrip was issued entitled to a dividend of 7 per cent
Bills receiv. and cash.
378,044 Pay-rolls, vouchers,&c.
330,030 pay.annum, after
of 8 per cent on
Current accounts
213,500 Surplus
0,015,184 per payment of a a dividend dividend, the stockthe common stock. After
the
7 per cent
scrip is convertible into
Total..
$3 *,029,45 < common stock. Earnings and expenses in 1880 were as follows:
Total...
$32,029,457 |
V.
—(V. 29, p. 41, 118, 119 ; V. 30, p. 273, 075; V. 31, p. 328, 349, 072;
Gross earnings
$1,196,416
32, p. 414. 488, 578, 012, 095 ; V. 33, p. 40U
Operating expenses, taxes and rentals
669,053
Huntingdon A Broad Top— Dec. 31, 1890, owned from Huntingdon,
Net earnings
1
Pa., to Mt. Dallas, Pa., 45 miles; branches—Slump’s Run, 9 miles‘Six- Interest charges
$192,000
mile Run, 5 miles; ami Sandy Run, 3 miles; total operated, 02 miles.
Six per cent on income bonds
90,000— 282,000
This road was opened in July, 1850. The capital stock is $929,900 com¬
Net surplus
mon and $1,197,200 7 per cent preferred stock.
Interest in default on
the consolidated mortgage bonds was funded into stock, including April,
Earnings for two years ending June 30,1878-9 and 1879-80, were:
1881, coupon, and interest to be resumed at 5 instead of 7. Earnings
Years.
^
Miles.
Gross Earn’gs.
Net Earn’gs.
in 1880, $3 L2,491; net, $107,313.
30, p. 109; V. 32, p. 155, 303.)
(V.
202
$1,085,938
$375,700
Illinois Central—Dec. 31, 1880. mileage was as follows
202
'
491,086
1,186,347
Leased—
Miles
Main line—
Miles.
—(V. 30, p. 169, 192,384; V. 31, p. 380, 405, 535; V. 32, p. 15, C9,
143 100, 155, 313, 335, 444 ,468.)
Iowa Falls
Chicago to Cairo
305 Dubuque toto Sioux
Dunleith to Ceutralia
City
183
341 Iowa Falls
Branches—
Otto to Colfax and Minonk...
Gilman to Springfield
Total owned
This company was

2 01

Ill

918

$527,365

$245,355

Indianapolis Decatur A Springfield.—August

Waterloo to Minnesota State
Line
:

70

Total leased
402
Total operated Dec. 31,1380.1,320

organized in March, 1851, and tbe whole road
opened September. 1855.
The terms of the leased lines in Iowa are
given under the names of those companies. The general mortgage of
1874 provides for all bonds outstanding. It is limited to $15,009,000.

was one of the first, and has been one of the most suc¬
cessful, of the land grant roads. The company has acquired a controlling
interest in the Chic. St. Louis & N. O. RR. to which it has made large
advances, and owns $6,(570,000 of the stock. The Chicago & Spring-

31, 1881, owned from

through

Decatur, Ill., to Indianapolis, Ind., 153 miles. Road opened
Fel). 9. 1880. The first and second mortgage bonds were placed on the
N. Y. Stock Exchange list in January, 1880. This company is successor
to the Indiana A Illinois Central Railroad. The firsts are for
the seconds arc $2,850,000 in amount, convertible into stock after Jan.
1. 1885, with the first ten coupons payable only out of net earnings
to be paid in scrip if net earnings are insufficient, and have
years
to run ; amount issued, $2,669,000. The stock is $500,000 in $50 shares.

$1,800,000;

thirty

but

The Illinois Cent,

Springfield

field RR. was a reorganization of the Gilman Clinton A
in 1877, and is leased to the Illinois Central and virtually owned by it.
The annual report for 1880 says: “ Tne gross earnings for tin1; past year
were

$8,304,811, against $7,234,464 for 1879.

The tonnage has largely

increased. The gain in net was $282,091. Total net revenue,$3,747,533.”
From this sum, besides paying interest on debt and dividends on shares,
permanent improvements were, made to the extent of $342,323. There
was still a balance from the year’s operations of $5ul,C41. The Board has
decided to enter into a plan reducing the fixed interest charge on the
New Orleans line, and offering to holders of all classes of
thereon
a new 5 per cent bond, to be dated the 15th of .June next, and made

bonds

payable in 1951.

Income for four years as follows:

Total income
Disbursements—
Rent’Is pd. on la. lines
Interest on debt

1877.

$
3,625,537

$

4,164,074

4,423,545

$
616,330

5-2,9 0

669.350

332,927

392,190
l,74u,o00

$

4,909,391

615,830

$

1,

1880.

1379.

$

587,913

Taxes

Dividends—:
Construction in III..
Miscellaneous

1878.

.tyjjo
73,604
48,000

33,723

'

$
708,702
672,600

$

669,484
395,011
1,740,000
386,016

444.125

1,740.000
.

842,323

41,944

3,493,542
3,806.341
2,8.35,434
4,407,750
Balance, surplus....
(517,204
790,103
665.532
501.641
-(V. 29, p. 301; V. 30. p. 91. 218 ; V. 32, p. 155, 229; V. 33. p. 357.)
Total disbursem’ts.

Illinois Midland—June 30, 1879, operated from Terre Haute, Iud.,to
Peoria, Ill., 176 miles, of which 148 miles are owned and 28 miles leased.
This was a consolidation Nov. 4, 1874, of the Peoria Atlanta & Decatur,

DigitizedVfor FRASER


V. 32, p.

500, 636; V. 33, p. 303, 358,

440.)

Indianapolis A Evansville.—In progress Indianapolis to Evansville.
Bonds issued in Loudon May, 188 L. R. G. Hervey, President, Evans¬
ville, Ind.

Indianapolis A SI. Louis.—Dec. 31.1880, owned from Indianapolis to
Ind., 72 miles; leased line, St. L. A. & T. H, 189 miles, and
branches, 6 miles; total operated, 267 miles. The lease of the St. L. A.
A T. H. was guaranteed by three other companies, and suit has been
pending as to the rental. The company is controlled by the Pennsyl¬
vania Company, which owns the stock of $600,000, in connection with
the Cleve. Col/Cin. A Ind. Of the first mortgage bonds series “A” are J.
A J.; series ”B,” M. A S.; series “C,” M. A N. Interest has not been
paid on the second mortgage and equipment bonds since April, 18/o»
Operations and earnings for five years past were as follows:
Passenger
Freight (ton)
Gross

Terre Haute,

Years.

Miles.
Mileage.
265
10,889,483
266
8,211,025

266
266
266

10,865,239
12,209,092
15,285,443

Mileage.

100,902,991
92,684,115
85,300,579
102,630,114
148,947,237

Earnings. Earnings.
$1,657,863 ${31,640
1,385,874
477,882
1,347,246
315,Ug
491,149
1,493,876
2,009,922
608,413

—(V. 29, p. 95; V. 31, p. 405.)
Indianapolis A Vincennes.—Dec: 31. 1880, owned from
Lid., to Vincennes, Ind., 117 miles. The Pennsylvania Company owns a
controlling interest in the stock and operates the road, advancing tn

Indianapolis,

deficiency to pay interest on the bonds. The capital stock is_$l,40-,uw.
In 1880 the earnings were $57,416; in 1879, $64,025; m 1878,
Annual interest on debt amounts to $206,000. (V. 28, p. 18, 377J

$o»349.

at*

■

1831. J

ftcTOBEfc,

Subscribers will confer a

great favor by giving Immediate notice ot any error

of column

on

.

headings, Ac., see notes

first page of

tables.

Size

Miles Date
of
of
Road. Bonds

or

Amount

par

Outstanding

Value.

0881
Auburn dk

2d mortgage

do

do

Bergen—\st mortgage
ft Northern Indiana—1st mort., guar by M. C.

Joliet

City d;

(Philadelphia).—1st mortgage
junction <6Breakwater—Funded debt (Del. St. loan)
2d mortgage
Kansas Central—1st mortgage (for $2,400,000) —
Kansas City Fort Scott dk Gulf— 1st m. 1. gr. s. f r
Mortgage on branches
Kansas City Lawrence dk Southern Kansas—1st mort.
Junction

2d mortgage

Southern Kansas

& Western—1st mortgage

Sumner County RR.—1st
Kansas City Springfield dk

Kentucky

mortgage

1869
•

(payable after 1886)
KeokukdkDes Moines—1st M., int. guar. C. R. I. & P.
Knox <£ Lincoln— 1st mortgage
;
Knoxville dk Ohio—1st M. (payable at any time)
New bonds for $1,300,000
Lake Erie dk Western—Stock
1st mortgage, gold
Income bonds convertible (not cumulative)
Sandusky Extension, 1st mortgage
General mortgage

income bonds

Sioux City.—June 30,1881,

la., 184 miles.

•

•

1866
1870

’

1877
1862

4ig

•

1^

2,382,000
2,000,000
385,000

....

0

1876
1879
1879
1880
1879
1880
1880

84
189
179
175
149
18

2,000,000

1,000

1865

45

....

1.000

1,000
1,000

1,000
1,000

1,000

1853

38

365
165

l,00o

1855
1881
1878
’69-’72
1876

49

1.000

1,000
....

500

1,000

owned from Iowa Falls, la.

and is
rental
also receives a

This road was opened in 1870

leased to the Illinois Central for 20 years from Oct. 1, 1867, at a
of 36 per cent of the gross earnings.
This company
drawback of 10 per ct. on business to and from their line over
6 S. City RR., and receives rental for 26 miles of its road
Sioux City & St. Paul Co. In the year ending March 31,
rental was $235,408; receipts from sales of lauds, $365,300; the

the Dub.
used by the
1881, the total
total

261,149 acres. Horace
636.)
Ithaca Auburn dk Western.—Dec. 31,1880, owned from Freeville to)
Mapletdn, N. Y., 32 miles. The N. Y. & Oswego Midland RR. was sold
in foreclosure, and this company organized Sept. 20, 1876, as the suc¬
cessor. The stock is $970,000, and there is a first mortgage authorized
of $500,000 for building to Auburn Althaea, of which $200,000 bonds
H. R. Low. President, Middletown, N. Y.
are to be issued.
Jacksonville Southeastern— July 1,1881, owned from Jacksonville to
Litchfield, Ill., 54 miles. This was the Jacksonv. Northw. & Southeast.
RR., projected from Jacksonville to Mt. Vernon, 125 miles,
Bonds
were issued at $20,000 per mile, amounting to $600,000.
In' 1879 the
company was reorganized by the bondholders under this name. In 1880
the road was extended 23 miles and bonds for $200,000 issued.
Jefferson.—Sept. 30,1880, owned from Susquehanna Depot, Pa., to Carbonaale, Pa., 37 miles; branch, Hawley, Pa., to Honesdale, Pa., 8 miles;
total, 45 miles. Leased in perpetuity to the Erie Railway at a rental of
7 per cent on the bonds, and now operated by the N. Y. Lake Erie & West.
Capital stock, $2,096,050. Edward Clymer, President, Reading, Pa.
Jeffersonv. Madison ct Indianapolis—Dec. 31,1880, owned from Louisville, Ky., to Indianapolis, Ind., 110 miles; branches—Madison, Ind., to
Columbus, Ind., 46 miles; Columbus, Ind., to Sheibyville, Ind., 24 miles;
Jeffersonville, Ind., to New Albanjr, Ind., 6 miles; Shelby & Rush RR.,
20 miles; Cambridge Extension, 21 miles; total operated, 224 miles.
The road was leased anew from January 1, 1880, to the Pennsylvania
Company, the lessees to pay over all the net earnings to the J. M. A I.
Co. In 1881 the Penn. Company purchased $1,939,000 of the stock.
Dividends were at the rate or 7 per cent per annum till May, 1880, and
per cent afterward. Earnings for four years past were as follows:
income was

$612,060. Lands remaining unsold,
Clinton, la. (V. 32. p. 16,

Williams is President,

-

'

Gross

1879
1880
;

Div.

Earnings.

$1,176,174
1,150,014

$499,033

p. c.
7
7
7

•

1,246,333

1,388,565

186

~<V. 28 p. 378

Net

Earnings.

Miles
161
186
186

Years.
1877
1878

300,cOO

800^000

187-09

455,000
300.000

400,000

250,000
504,000

3,056,900
2,033,000
2,940,000

425,887

492,863
541,538

1,823,000
266,000

3,000,000

5,500,000
792,000
233.000

4,589,000
2,750,000
2,335,750
500,000
(?)

100 Ac.

1,000
1,000
1,000

1879
1879
1880
1880

21
21

2,000,000

500 Ac.

....

149
162

J. A J.
J. A J. Honesdale Nat. Bank.
J. A J. N. Y., by Erie Railroad.

2,000,000

1,000

6^

V. 32, p. 205.)

Jersey City dk Bergen—Dec. 31,1880 owned from Jersey City to Bergen
Point, N. J., 6 miles. In 1878 gross earnings were $224,817; net, $80,421. In 1879 gross earnings were $228,758; net, $84,457. Stock is
$165,150. William Keeney, President, Jersey City. (V. 30, p. 566.)
Joliet d Northern Indiana.—Dec. 31, 1880, owned from Joliet, Ill., to
Lake Hatron, Ind., 45 miles. Operated as part of the Michigan Central

Sept. 1, 1881
Bank. Oot. 1, 1917
Office. Jan. 1, 1907

1,000.000
6
7.
7

1.000

Dividend.

Whom.

7

7

1,000
1,000

1867

pal, When Due.
Payable and by Stocks—Last

Boston.
Q.—M.
A. A O. N. Y., Nat. Park
J. A J. N. Y. City, Treas.

I1*

1,000
1,000
1,000

1880

9
38
226
159
159
6
44

80

do

discovered In these Tables.
Bonds—Princi¬

Rate per When Where
Cent.
Pay’ble

100

54

149
80

2d mortgage—
3d mortgage

Iowa Falls dk
to Sioux City,

27
31

1881

Memphis—1st mort
Central—Common stock

do

500 Ac.
100 Ac.

1869
1877

184

West.—2nd M. (income for 3 yrs)..
Jacksonville Southeast.—Stock
1st mortgage bonds
Jefferson (Fa.)—1st & 2d morts. (Hawley Branch)..
1st mortgage (Susquehanna to Carbondale)
'...
Jeffersonville Madison dk Indianapolis—Stook
Jeff., Mad. & Ind., 1st M. (s. f. $15,000 per year).

Jersey

$4,623,500
2.947,500
498,090

$100

Falls dk Sioux City—Stock
1st mortgage. April 1, '69

Jowa

Ithaca

i.i

INTEREST OR DIVIDENDS.

DESCRIPTION.
Icvvr ■explanation

BONM

AND

STOCKS

RAILROAD

xxxrn

7,700<000
1,815.000

1,485,000
327,000
600.000

7
7
7
7
6
6
6
6
7
7
7
4 to 6
7
7
6
1
7
7
6
5
6
7

6 g7
6
7

Q.-F. N. Y., Farm. L. A T. Co.
ao

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

A
A
A
A
A
A
A
A
A
A

J.
J.
O.
J.
A.
O.
J.
S.
O.
J.
A S.

do

do

A. A O.
J. A J.

do

®

160
160

1879

305

1, 1889

Aug., 1881

Oct. 1, 1906
July 1, 1910

Co. July 10,1907
July 1, 1882
Philadelphia Office.
do
do
April 1, 1900
1890
Lewes, Del., Treasurer.
do
do
Fob., 1896
April 1, 1909
Office, 80 Broadway.
Bost., Nat. Webster Bk. June 1, 1908
do
do
Sept. 1, 1910
Boston, Nat. Union Bk. Apr. 1, 1909
Jan.

do
do

do
do

1921

^

F. A A. N.

Y., Metropolitan Bk.

August.

F. A A.

do
New York

do

City.

....

32,301,278

5,585,154

8,819,638

V. 30, p. 22
P. 222, 463, 465; V. 31,
393; V 33, p. 74, 124, 153.)
t

Mileage.

35,972,107
49,435,645
p.

May, 1881
March, 1883
June, 1885

July 1, 1911
Oot.

1, 1923
1880-1902
Jan. 1, 1906

Aug. 15. 1919
Aug. 15, 1899
Aug. 1, 1919
Aug. 1, 1920
Net

Gross

Freight (ton)

Mileage.
5,203,933

1. 1910

Sept. 1, 1910

M.
M.
J.
J.

Passenger
Miles.

Years.
1878

1887 A 1889
Jan.

N. Y.. Farm. L. A T.

Boston.
Cincinnati.
A N.
A 8. N. Y., Bank of America.
do
do
A D.
New York Agency.
A J.
A. A O. N. Y.,Farm. L. A T. Co.
Various Bost., Hide A L’therBk.
J. A J. N.Y., R. T. Wilson A Co.
®

July 1, 1910

Earnings. Earnings.
$833,835 $115,567
332,811

895,864

525,915
1,222,867
122, 483, 588; V. 32, p. 231,

.

Kansas City Lawrence dk Southern Kansas.—Dec. 31, 1880, owned from
Lawrence, Kan., to Coffey ville (Indian Ter. Line), 144 miles; branches—
Ottawa Junction to Olathe, 32 miles; Cherry vale to Independence, 10
miles; South Kansas A West., 144 miles; Sumner County RR., 21 miles);
total, 351 miles. The K. C. L.A 8. K. was formerly the Leav. Law. A Gal.
RR., which was sold in foreclosure Aug. 9, 1878, and purchased by bond¬
holders, and the present company organized May, 1879. In November,
1880, the consolidation of the three roads above named was made, and
the consolidated stock of $3,759,000 was purchased in the interest of

the Atchison

Top. A S. Fe with the 5 per

cent bonds of that company

(through its auxiliary corporation, the Kansas City Topeka A Western),
according to the terms or the circular published in the Chronicle of
Nov. 27, 1880 (V. 31, p. 559). The present bonds carry 4 per cent
till 1882, 5 in 1882-3, and 6 thereafter. • (V. 30, p. 384, 519, 543 ; V.
31, p, 381, 559; V. 32, p. 16; V. 33, p. 74.)
Kansas City Springfield dk Memphis—This company is organized as
nations under the laws or Missouri and of Arkansas to build a
two corporati

Springfield, Mo., to Memphis, Tenn., at an estimated oost of
The Kansas City Fort Scott A Gulf will appropriate 15 per
cent of gross earnings on business to or from the new road to pay in¬
terest on the bonds. Each holder of 50 shares K. City Ft. S. A G. stock
had the right to take $1,500 in stock of the new Missouri corporation
for $1,500 in cash, with $2,000 of the bonds for $500 in cash—making
$3,500 for $2,000 cash. See V. 33, p. 153.
Kentucky Central.—April 30, 1881, owned from Covington, Ky., to Lex¬
ington, Ky., 99 miles, and Paris, Ky., to Maysville, Ky., 50 miles; total
operated, 149 miles. This was formerly the Covington A Lex. RR., which
was foreclosed in 1859.
In 1875 the present company was formed, and
took possession May 1, 1875. The Mavsv. A Lex. RR. was taken Nov.
17,1876. In June, 1881, a majority or the stock was purchased by Mr.
C. P. Huntington of the Chesapeake A Ohio road, and an extension
from Paris to Livingston, Ky., 70 miles.
Enough of the general mort¬
gage of 1881 is reserved to retire the prior bonds, and there is an option
in this mortgage to retire the bonds after five years. The fiscal year now
ends Dec. 3i. Operations and earnings for three years past were:
Net
-Divid’s, p.ct.->
Gross
road from

$5,600,000.

Miles.
149
149
1880(8 mos.).. 149
Years.

-(V. 30, p. 623; V. 32, p.

Earnings.

$553,389

608,029
447,078

Earnings.

$208,750
222,514
143,616

16, 120, 612, 636; V. 33, p.

Pref.
6
6
3

Com,
2
2
1

47,100, 358.)

Keokuk dk Des Moines.- June 30, 1880, owned from Keokuk, la., to
Des Moines, la., 162 miles. This was a reorganization, Jan.
the Des Moines Valley Eastern Div., sold in foreclosure Oct. 17,1873.
The property was leased for 45 years from Oct.
Rock Island A Pac. RR. on the terms following; that the lessee pay 25 per
cent of the gross earnings to this company, but guarantee

1,1874, of

1,1878, to the Chicago
the interest
and the (not the principal) on the present bonds. The stock is $1,524,600 of 8
compromise. per cent preferred and $2,600,400 of common, a majority of which is
function (Philadelphia).—Dec. 31,1880, owned from Belmont, Pa., to held by the lessee. In the year 1878-9 gross earnings were $565,556.
in 1879-80,
Gray’s Ferry, Pa., 3-6 miles It connects various lines coming into Phila¬ dend of 1% $639,788, leaving $22,447 over interest charges. A diviper cent on preferred stock was paid December, 1880. (V.
delphia. Capital stock, $250,000. Net earnings n 1878 were $87,963
31, p. 652.)
Dividend, 14 per cent. (V. 31, p. 453 ; V. 32, p. 420.)
Knox dk Lincoln.—Sept. 30,1880, owned from Bath, Me., to Rockland,
Junction d* Breakwater— Dec. 31,1880, owned from Harrington to
Me.,
Lewes, Del., 40 miles; branch to Reliobotli, 5 miles; total operated, 45 Dec. 49 miles. The road was opened in Nov., 1871. In the year ending
31,1880, the gross earnings were $123,584 and net earnings $49,104.
miles. Gross earnings, 1880, $75,281; net, $35,576. Stock is $305,000.
The stock is $354,580. On city and town bonds, interest is mostly paid
A. L. McCready, President, New York City.
by the municipalities. John T. Berry, President, Rockland, Me. (v. 32,
Kansas Central.—May 1,1879, owned from Leavenworth to Garrison, p. 356.)
Kan., 119 miles. Sold under foreclosure of first mortgage April 14,1879.
Knoxville dk Ohio.—June 30, 1880, owned from Knoxville, Tenn., to
Reorganized April, 1879. Stock, $504,000. L. T. Smith, President,
Careyville, Tenn., 39 miles. This was formerly the Knoxville A Kentucky
Leavenworth, Kan. (V. 32, p. 232.)
RR., which was in default to the State of Kentucky and sold Oct. 8,
Kansas City Fort Scott dk Gulf.—Dec. 31,1880, mileage was as follows: 1871. It is controlled by the East Tennessee Virginia A Georgia. The
Mainline—Kansas City to Baxter Springs, 160 miles; branches—Union stock is $1,080,100. Contract made for junction with Louisville <&
Transit, 1 mile; Springfield to Ash Grove, 19miles; Weir City to Parsons Nashville. C. M. McGee, President, Knoxville, Tenn. (V. 31, p. 559,
<N.
leased

Cent, at 8 per

main line. Road opened in 1854 and
to the Mich.
cent on the bonds. The Mich. Cent, declined to pajr 8 per cent,
above issue of bonds defiuiitely guaranteed was given as a

G.). 31 miles; total owned, 211 miles. Leased—Junction to Golden
Lity.49 miles; Arcadia to Coal Mines, 2 miles; Baxter Springs to Joplin,
15 miles; Rich Hill Junction to Carbon Centre and Rich Hill, 28 miles;
leased, 94 miles. Total operated, Dec. 31,1880, 305 miles.

j2us

company was

Missouri River Fort
and

was

organized April 1, 1879. as successor

Scott & Gulf, which made
sold in foreclosure February 4,

to the

default October 8,
1879. The stock is

Four and
stock. The
nrst mortgage bondholders of the
old road took 80 per cent in the new
mortgage bonds, and for all other claims stock was issued. In May, 1880,

common and $2,750,000 8 per cent preferred.
nne-half per ct. paid Aug. 15.1881, on contracts for preferred

<P4,000,000

new

bonds

on

branches

xotal value of land

were

issued, as per circular, V. 30, p.

assets, $899,862.
years past have been as follows:




Operations and earnings for

465.

three

606; V. 32, p. 16. 335; V. 33, p. 74.)
Lake Erie dk Western.—Dee. 31, 1880,

owned from Fremont, O., to
miles; branch, St. Mary, O., to Minster, O., 9
miles; total operated, 362 miles. This was a consolidation, Dec. 12,1879,
of the Lafayette Bloomington A Muncie and the Lake Erie A Western, on
the basis following: The consolidated company to assume all the debts,
issue its stock share for share for the Ene A Western stock, and issue
four shares of its stock for each share of the Lafayette Bloomington A
Muncie stock. The line embraces the former Lafayette Bloomington it
Mississippi road and the Lake Erie A Louisville. Gross earnings, Jan.
1 to Sept. 30, 1880, $939,651; net, $263,856.
(V. 29,
631; V. 30, p. 17, 567; V. 31, p. 427; V, 32, p. 16, 70, 100,183; V. 33*
Bloomington, Ill., 353

p.

358.)

Miles

Date Size, or
of
of
Road. Bonds

column headings, See., see notes

first page

Bonds—Princi-

INTEREST

DESCRIPTION.
on

[VOL XXXIII.

bj giving immediate notice of any errorjdiscovered in these Tables.

Subscribers will confer a great favor

For explanation

BONDS.

AND

STOCKS

KAILKOAD

XX XIV

Lake Erie <& Western—(Continued)—

200
200
50
1181

Lafayette Bloom. A Muncie, 1st mort., gold. .
do
income M. con. (non-oumul.)
do
Lake Ontario Southern— 1st mortgage, gold
Lake Shore tC Michigan Southern—Stock
Guaranteed 10 per cent stock
Consol. 1st mort., (sink, fund, 1 per cent) coupon,
do
do
do
registered
Consol. 2d mort., do. (for$25,000,000) coup.A reg

1879

$1,000

1879

1,000
1,000

1880

...

864
864
864

'

451
95
162
162
88
88
88
62
37
12
13

N. I

let mortgage (C. A Tol. RR.) sinking fund
2d mortgage
do
Buffalo A State line, mortgage bonds
do
do
Buffalo A Erie, mortgage bonds
Det. Monroe A Tol., 1st mort., coup., guar
Kalamazoo & White Pigeon, 1st mortgage
Schoolcraft A Three Rivers. 1st mortgage
Kalamazoo A Schoolcraft, 1st mortgage
Kalamazoo, Allegan A Gr. Rapids, 1st mortgage

58

.

51
51
22
17
41
25
301
101
101
232

Jamestown A Franklin, 1st mortgage
do
do
2d mortgage

Lawrence—Stock
let mortgage

.

c

.

60

)

Easton A Amboy. 1st mort., guar.lfor $6.01
Delano Land Company bonds, endorsed ...

.

100
100

.

When

Cent.

Payable

6 g7
6 g.

$2,500,000
1,000,000
450,000

m

1863
1869

1,000
1,000
50

1,000

1865
1881
1877

’

329,000

1,000
1,000
1,000

800,000
600,000
27,603,195
5,000,000
6,000,000
14,163,000
2,100,000

1,000

1,000
50

1868.
1870
1873
1880
1872

1,000

do

Q.—F.

do

Q.-J.
J.
A.
M.
A.
J.
A.
J.
M.
A.
F.
J.
J.
J.
J.
A.
J.
J.

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

D.
O.
N.
O.
J.

May 1, 1885
Oct.

Coupons

are paid by
Treasure at Gr’nd
Central Depot, N.

0.
J.
S.
0.
A.
J.
J.
J.
J.
O.
J.

Y., and registered
interest by Union
Trust Company.

D.

F. A A. N.
J. & J.
J. & D.

7

1^2

J.
M. A S.
J. & D.
M. AN.
J. A J.

7

1. 1892

July 1, 1885
April
July
Sept.
April

1, 1886
1, 1882
1, 1886
1, 1898
Aug. 1, 1906
Jan. 1, 1890
July 1, 1887
July 1, 1887
July 1, 1888
Oct. 1, 1881
Var.to J’ly,’fi7

Pittsburg Office.

June 1, 1894
Oct., 1881

New York.

Aug., 1895
July 1, 1911

Y., Winslow, L.&Co.
Philadelphia.

Q.—J.

6
7
6 g.
5

'

May 1, i9io
May 1, 1899
April 1, 1910
Nov. 1, 1881
Aug. 1, 1881
July 1, 1900
July 1, 1900

Bee. 1, 1903
Oct. 1, 1882

Q.- J.

6

Lake Ontario Southern.- Sept. 30,1880, owned from Sodus Point, N.Y.,
to Stanley, N. Y., 34 miles. This company was a consolidation, Dec. 2,

1879, of the Ontario South and the Geneva Hornellsville & Pine Creek
railroads. The line is from Sodus Point, N. Y., to West Branch, Potter
County, Pa., 155 miles, of wluck 34 miles are in operation. The stock is

do

J. A J.

1.697,000

....

do

Yearly.

F. & A.

7
7
7
7
7
7
7
7
7
7
7
8
8
8
3
7
7
2
7

610,000
397,000
500,000
450,000

....

Dividend.

A. A 0.

7

m m m

....

Stocks—Last

Wh om.

M. & N.

7

....

pal,When Due

?aya

2
5

49,466,500
533,500

1870
f
1,000 ]
1870
1,000 j
l
1873
1,000
10,628,000
1872
1,000
2,537,000
1855
5,240,000
1,000
1867
920,000
1,00a
1855
1,595,000
1,000
1866
849,000
1,000
1862
200,000
1,000
1866
300,000
1,000
1868r 500 Ac.
2,834,000
1876
1,000
924,000
1869
400,000
1867
100,000
1867
100,000
1868
840,000

....

Lehigh & Hudson River— 1st mortgage, gold.
Lehigh <& Lackawanna—1st & 2d mortgages.
Lehigh Vatley-Btock ($106,300 ispref.)
1st mortgage, coupon and registered
2d mortgage, registered
Consol, mort., gold, $ A £ (8. fd. 2 p.c. v’ly) cp

Rate per

Vafuc. 0

of tables.

Income bonds, coupon or registered
1st mortgage, sinking fund, M. S. A

Amount

Philadelphia, Office.
& D, Reg.atoffice, op.B’kN.A

Phila., Bank orN.

Amer.

Philadelphia, Office,
do

do
do

do

Dec. 1, 1907
Oct. 15,1881
June, 1898

Sept., 1910
1898 & 1923
1920

Jan., 1892

PASSENGERS.

Year.

Passengers.

1875.. 3,170,234

Per passenger per mile.Cost.
Profit.
Cent.
$
Cent
Cent.
2’378
1-735
164,950,861 3,922,798
•643
2090
175,510,501 3,664,148
1-438
•652
2-319
1-539
138,116,618 3,203,200
•780
2-287
1166
1-121
133,702,021 3,057,393
2-223
141,162,317 3,138,003
1-448
•775
2135
1-341
794
176,148,717 3,761,008
490; V. 31, p. 20, 259, 672; V. 32, p. 183, 478, 497,

Passengers
one

mile.

Revenue.

Receipts.

$2,800,000, and bonds for $3,000,000 issued at $20,000 per mile of com¬ 1876.. 3,119,923
E. B. Pottle, President, 1877.. 2,742,295
pleted road. Gross earnings in 1880, $22,016.
Naples, N. Y. (V. 30, p. 434, 466; V. 33, p. 412.)
1878.. 2,746,032
Lake Shore <6 Michigan Southern.—Dec. 31,1880, owned from Buffalo, 1879.. 2,822,121
N.Y., to Chicago, Ill., 540 miles; branches owned, 324 miles. Other lines 1880.. 3,313,485
owned as follows; Detroit Monroe & Toledo, 62 miles; Kalamazoo & —V. 30, p. 478,
White Pigeon, 37 miles; Northern Central (Mich.), 61 miles; total, 160 679 ; V. 33, p. 225, 321.)
miles. Roads leased are as follows: Kalamazoo Allegan A Gr. Rapids,
58 miles; Jamestown & Franklin, 51 miles; Mahoning Coal R., 43 miles;

total, 152 miles.

Total road owned, leased, and operated, 1,177 miles.
consolidation of the Lake Shore Railroad and

This company was a

Michigan Southern A Northern Indiana Railroad May 27, 1869, and the

Buffalo A Erie Railroad August 16, 1869.
The consolidated line em¬
braces the former roads of the Cleveland A Toledo and the Cleveland
Painesville & Ashtabula railroads. Of the guaranteed stock, the claim
for dividends between 1857 and 1863 has-been settled on $360,600,
leaving $172,900 still unsettled. This company controls Chic. & Can. So.
The condensed statement of income was as follows for the six months

ending June 30 June being partly estimated :
1881.

$8,970,000
5,480,000

Gross earnings

Operating expenses and taxes
Percentage of earnings.

55-34

$3,490,000
1,330,000

$4,053,616
1,380,000

$2,140,000
$2,673,816
4 33
5 40
appropriated as follows: Two quarterly divi¬
dends, $1,978,660; sinking fund, six months, $125,000; surplus, $36,340.
The last annual report is published in V. 32, p. 497, containing the
tables below, showing the operations and the earnings of the road for
Balance

per share
The balance for 1881

Equals

a

series of years:
INCOME ACCOUNT.

1878.

1877.

Receipts—

$

1879.

$
6,336,968

$

Net earnings
Interest and dividUs.

4,541,194
171,776

5,493,166
197,662

Total income
Disbursements—
Rentals paid
Interest on debt

4,712,970
$

5,690,828

265,404

251,924

2,628,680

2,611,ISO

172,806

6,509,774
$
257,489
2,616,955

1880.

$
8,381,356
208,662

8,540,018
$

282,956
2,622,730

(10) 53,350 (10) 53,350 (10) 53,350 (10) 53,350
(2) 989,330 (4)1,978.660 (*)3,215,322(8)3,957,320
Ashtabula accident..
77,909
495,722
60,128
Miscellaneous
4,378
37,544
Balance, surplus
276,106
680,261
306,530
1,623,662
Dividends, guar
Dividends, ordin’y

Total
•61* per

...

4,712,970

5,690,828

6,509,774

—

Lehigh <£ Hudson River.—This road is in progress from Warwick Val¬
1880.
$9,073,000 ley road to Belvidere, N. J.,41 miles. Bonds offered by Sheldon A Wads¬
5,019,384 worth, New York, August, 1881. (V. 33, p. 201.),

61-09

Net earnings
Interest on rentals

Lawrence
Dec. 31, 1880, owned from Lawrence Junction, Pa., to
Youngstown, O., 18 miles; branch from Canfield Junction to Coal Fields,
O., 4 miles; total operated, 22 miles. The branch was built by another
company and merged in this company April 23, 1873. The Lawrence
Railroad was leased June 27, 1869, to Pittsburg Fort Wayne A Chicago
RR. at 40 per cent on gross earnings, with $45,000 per vear guaranteed
as a minimum. Lease has been transferred to Pennsylvania Co.,
by which
the road is now operated. Sinking fund has $26,000 bonds, deducted in
amount of bonds given above. Gross earnings in 1880, $185,333; net
earnings, $81,002; rental received from lessee, $74,133.

Lehigh & Lackawanna—Dec. 31, 1879, owned from Bethlehem, Pa.,

to Wind Gap, Pa., 25 miles. This coal road was opened in 1867. It is
leased to the Lehigh Coal & Nav. Co., and operated by Central RR. of
New Jersey. Of the above bonds, $100,000 are a first mortgage, and
the $500,000 second mortgage are income bonds. Capital stock, $375,100. Gross earnings in 1880 $43,753; net earnings, $11,560.

Lehigh Valley.—Nov. 30,1880, owned from Phillipsburg (Pa. Line), N.
J., to Wilkesbarre, Pa., 101 miles; branches—Penn Haven to Audenried,
18 miles; Hazle Creek Bridge to Tomhicken (and branches), 32 miles;
Lumber Yard to Milnesville (and branches), 18 miles; Black Creek Junc¬
tion to Mt. Caanel (and branches), 61 miles; Slatedale branch, 3 miles;
Bear Creek Junction to Bear Creek, 5 miles; Lackawanna Junction to
Wilkesbarre, 10 miles; also owns the Easton & Amboy RR.,Amboy,
N. J., to Pennsylvania Line, 60 miles; total operated, 308 miles. This is
one of the most important of the so-called “ coal roads,” and was able
to maintain moderate dividends during the past years of depression.
It is one of the peculiarities of the company’s annual report that no
general balance sheet is given." The earnings, expenses and income
account for the fiscal year ending Nov. 30,1880, were as follows :
Gross
From—

$2,480,316

1,879,573
Freight
Passengers, Express A Mail.
530,812

1,171,258
350,782

Coal

Totals
1879

8,540,018

cent.

Nothing was charged to construction or equipment account in either
There was added to the equipment in 1879 700 new
or 1879.
freight cars, costing $300,000; in 1880, 1.500 new freight cars, costing

Operating

condensed table:
Gross

Year.
1871..
1872..
1873..
1874..
1875..
1876..
1877..
1878..

Operating
Expenses

and dividends

Div.

Miles.

Per cent. Earnings, on Guar. Stock.
Earnings.
$14,898,449
65'64
$5,118,643 $2,121,164
8
17,699,935
6690
5,860,409
2,201,459
4
70-90
19,414,509
5,667,911
2,654,560
17,146,131
6504
3*4
5,993,760
3,008,193
2
72-96
14,434,199
3,902,698
2,810,294
68-64
13,949,177
4,374,341
2,759,989
34
2
13,505,159
66-37
4,541,193
2,775,657
1,177
4
13,979,766
6070
5,493,165
2,718,792
1879.. 1,177
15,271,492
58-50
6*2
6,336,968
2,754,988
1880.. 1,177
8
18,749,461
55-56
8.331,356
2,750,374
The following condensed tables show the passenger and the freight
business in detail for the past six years, 1875-1880:

P8C’

1,074
1,136
1,175
1,175
1,175
1,177
1,177

FREIGHT.

Year.

Tons.

5,022,490
5,635,167
5,513,398
6,098,445
7,541,294

8,350,336




Tons
one mile.

943,236,161
1,133,834,828
1,080,005,561
1,340,467,821
1,733,423,440
1,851,166,018

ments, Ac., amounted to

$3,760,633
2,935,344

$1,005,376
$825,288
interest received from invest¬

$8,600,938
4,002,357

of the road

Net income

Interest, leases
Net

180,029

2,996,981

*700 ,000, all charged to operating expenses.

expenses

Receipts.
$2,872,288
708,315

$4,002,357

5,932,325

Increase
$1,830,665
The income from all sources, including

shown by the following

Expenses.

$7,762,990

1880

The financial results of the ten years past are

Ne*

Receipts.
$5,352,604

Per ton per mile.
>
Revenue. Receipts.
Cost.
Profit.
Cent.
Cent.
Cent.
$
■737
*273
9,639,038 1010
•817
•561
•256
9,405,629
•573
•864
•291
9,476,608
•734
•474
•260
10,048.952
•634
•398
•244
11,288,260
•750
•435
•315
14,077,294
r-

,

$4,598,589

Out of which there was paidinterest On Bonds
Dividends—four per cent on common and 10 on pref. stock...
General expense, interest on floating debt, taxes, loss on
Morris Canal and on coal operations
Amount charged to meet estimated accumulated deprecia¬
tions
j

$1,630,112
1,108,757
742,952
990.338

$4,472,161

$126,418

Leaving
to be carried to the credit of tli^profit and loss
earnings for five years past were as follows:

Years.
1875-6..
1876-7..
1877-8..
1878-9..
1879-80.
*

Miles.
302
301
303
303
303

Passenger
Mileage.

Mis. Freight,

33,388,877
16,657,397

69,902,718
86,712,311
112,557,966
150,540,605
166.178,752

13,718,758

15,082,571

Mileage.

account. Operations

Gross

and

Net

Earnings.* Earnings. p. 0*.
9
$7,049,647 $3,206,897
6,488,037
5,532,738
5,932,325

7,762,990

3,325,215
3,075,811
2,935,344
3,760,633

Does not include receipts from interest, Ac., which are large.
-(V. 28, p. 95 ; V. 30, p. m, 219 ; V. 32, p. 98,183.)

5i®

4
4
4

October,

RAILROAD

1881.]

STOCKS

AND

BONDS.

xxxr

Subscribers will confer a great favor by giving immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For

explanation of column headings, &c., see notes
on

first page

of tables.

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

Little Miami—Stock, common

Streetconffst M. bds (jointiy withCin.&ind.RR.)

Little Rock dk Fori Smith—New stock
1st M., ldgr’t (1,083,000 acs) s.fd. (for $3,000,000)

Little Rock Miss. River dk Texas—1st mortgage....
Little Schuylkill—Stock
1st mortgage, sinking fund, extended 1877
rjong Island—Stock
1st mortgage, extension
1st mortgage, Glencove Br
1st mortgage, main
2dmort. for floating debt ($1,500,000)
Conssl. mortgage
Newtown & Flushing, guar
New York & Rockaway, guar. int. only
Smithtowu & Port Jefferson
Atlantic Ave. improvement certs
Long Island City & Flushing—Stock

196
84

1864

....

165
165
150
31
31
320

....

*L875
....

1877

1,000

50
500
500 &c.
500
100 &c.

....

‘

Angelos & Sun Diego—1st mortgage
Louisv.Cin. dk Lex.—Louisv. Cin. & Lex., 1st mort..
New mortgage, coupon, for $1,000,000
Louisville dk Nashville— Stock
General mortgage, gold, coup, or reg
Louisville loan, main stem (no mortgage)
Los

Lebanon branch, Louisville loan
do
extension, Louisville loan

bondsTgold,

coup

500
500
500

1873
1871

4

10
19

1871
1877

....

27
175
175
966

....

1880
1867

1,000
1,000

1877

100 &o.
100

....

840

1880

....

1,000

....

172
46
392
392
130
83
115

....

1856
1863
1881
1877
1868
1873
1871
1872
1879
1879

....

Memphis & Ohio, 1st mort., sterling, guar
Memphis & Clarksville br.. 1st mort., sterliug
Mort. on Ev. Hen. & .N., gold, (for $2,400,000)...
Trust Company certificates
Little Miami—December

95
156

....

Lebanon-Knoxville mortgage
Cecilian Branch, 1st mortgage
Consolidated 1st mortgage for $8,000,000
2d mortgage

1860
1868
1868
1878

1,000

£200
£200

1,000

100 &e

Dayton & Western Railroad, Dayton, O., to Indiana State Line, 37 miles

Ohio State Line to Richmond, Ind., 4 miles; total operaed, 196 miles. The
Little Miami Railroad proper extends from Cincinnati to Springfield, but
the portion between Xenia and Springfield is now operated as a branch
for the remainder of the main line, as given above, the Columbus &

The Little Miami road

was

opened in 1846 and the Columbus & Xenia in 1850, and on November
30,1853, a partnership contract was entered into between the two com¬
panies. On January 1,1865, they leased the Dayton & Western (Dayton

F. & A.

’

g.

g.
g.
g.

J. & J.
J. <fc J.
A. & 0.
F. & A.
J. & D.
A. & O.
Various
A. & O.
M. <fc N.
M. & S.
A. & O.
M. & N.
J. & D.
F. & A.
J. & D.
A. & 0.

do

do
do
do

May, 1891
April, 1901
Sept., 1901

do
do
do

N. Y., Central Pacific.

1881-82

July 1, 1910

N.Y., Imp.& Trad. N.Bk.

Jan., 1897

do
do
1907
L. & N. Y., 52 Wall St.
Aug. 1, 1881
Louisville & New York.
June, 1930
N. Y., Bank of America. 1886 & 1887
do
do
1886
L. & N. Y., D., M. & Co. Got. 15, 1893
New York, Agency.
March 1, 1931
N. Y., Drexel, M. & Co.
Mar. 1,1907
L. & N. Y., D., M. & Co.
April, 1898 .
N. Y. and Louisville.
Nov. 1, 1883

London, Baring Bros.

Dec., 1901
Aug., 1902
N. Y., Drexel, M. & Co. Dec, 1, 1919
N. Y., Central Trust Co. Oct. 1, 1884

So

do

*

1878-79.

1879-80.

$193,304

Rentals of other roads

$165,399

Earnings for other roads and ferries

107,660
138,350

ie^oo

31,799

Funded debt

4,366
54,313

Floating debt prior to receivership
Assessment Long Island City
Total

In 1878-9 payments
and equipment, and

were as

Aug. 1, 1918

Y., Drexel, M. & Co.

....

7
3
6
6
6
6
6
7
7
7
7
6
6
6

do

M. & N. N.
A. & O.
M. & 8.

6
7

333,000

31, 1880, owned from Cincinnati, O., to

Xenia road, Columbus to Xenia, is used.

7
5
7
7
7
7

1,500,000
1,000,000
7,070,000
2,000,000
3,500,000
2,203,840
1,600,000
492,200

....

Stocks—Last
Dividend.

Whom.

....

106,500
250,000
600,000
114,900
(?)
556,000
2,900,000
892,000
18,130,913
10,361,000
850,000
225,000

1,000
1,000
1,000

pal,When Due.

Payable, and by

...

986,772

1,000

Springfield, O., 84 miles; branch, Xenia, O., to Dayton, O., 16 miles
leased, Columbus & Xenia Railroad, Xenia to Columbus, O., 55 miles
-

Rate per When Where
Cent.
Payable

2
Cincinnati.
Q.—M.
Sept., 1881
6
M. &N. N. Y., Bank of America.
1,500,000
May, 1883
6
Various N. Y. and Cincinnati.
1894
150,000
4,096,135 10 stock.
July 18, 1881
7
J. & J. N.Y., Sheldon & Wadsw. Jan. 1, 1905
2,623,500
7
J. & J.
Boston.
Jan. 1, 1906
1,875,000
J. & J.
2,646,100
3ia
Philadelphia Office.
July 18. 1881
7
A. & 0.
do
468,000
Oct., 1882
1873
10,000,000
Company’s Office.
M. & N. N.Y., Drexel, M. & Co.
7
175,000
May, 1890
6
M. & N.
do
do
150,000
May, 1884
M. & N.
7
do
do
1,121,500
May, 1898

1188775--99600.

500 &c.
500 &c.
50

1876

Outstanding

Bonds—Princi¬

$4,637,300

$50
1,000
1,000

1853

INTEREST OR DIVIDENDS.
Amount

follows:

$1,955,878
$1,834,55#
of $111,240 were made on account of construction
in 1879-80 $156,314. Earnings for five years past

Years.

Earn’gs, Net Earn’gs.
$1,149,897
$398,736
1,473,178
412,701
mond), and on February 4, 1865, purchased the road from Xenia to
1,497,914 ~
497,895
Dayton; these three roads go to form the branch of 57 miles given
1,617,950
338,359
above. The partnership agreement was dissolved November 30,1868,
1,811,848
445,993
and a contract made by which the Columbus & Xenia road, including
588 ;
its interest in the above-named branches, was leased to the Little Miami —(V. 30, p. 65, 322; V. 31, p. 588; V. 32, p. 16, 44, 68, 183, 231, 526:
V. 33, p. 23, 154, 201, 225, 303, 442.)
for 99 years. On December 1, 1869, the Little Miami, with all its
Los Angelos dk San Diego.— Florence to Santa Anna, Cal., 27 miles.
branches, &c., was leased to the Pittsburg Cincinnati & St. Louis Rail
road Company for 99 years, renewable forever.
The Pennsylvania Leased to Central Pacific, and in 1880 the net earnings paid as rental
Railroad Company is a party to the contract and guarantees its faith¬ were $5,564. Capital stock $570,800. Chas. Crocker, President, San
ful execution. Road is now operated by Pennsylvania Company. Lease Francisco.
rental is 8 per cent on capital stock, interest on debt and $5,000 per
Long Island City dk Flushing—This is a reorganization of the Flush¬
annum for Little Miami
Company’s expenses of organization; the fulfil¬ ing & North Side road, foreclosed in 1880. Leased to Long Island RR.
ment of the lessor’s lease obligation is also stipulated.
In 1880 the net for 50 years. (V. 33, p- 154.)
income of the company was $686,375; interest and all charges, $668,Louisville Cincinnati dk Lexington.—June 30,1880, owned from Louis¬
003; surplus Jan. 1, 1881, $135,032. Net loss to lessee, $160,512 in
ville, Ky., to Lexington, Ky., 94 miles; Junction to Newport, Ky.,
1880, against $182,477 in 1879. (V. 30, p. 382; V. 32, p. 155, 498.)
81 miles; leased—track at Louisville, 4 miles; Northern Division
Little Rock dk Fort Smith.—Dec. 31,1880, owned from Little Rock, Ark., 34 miles; Shelby Railroad,
19 miles; total operated, 233 miles.
to Fort Smith, 165 miles; branches, 3 miles; total, 168. In Dec., 1874, The old road was sold in foreclosure October 1, 1877, to the second
the property (then 100 miles), including the land grant, was sold in mortgage bondholders, and this
company was
The stock is
foreclosure. This company afterwards built 65 miles, and opened the $1,000,000 common and $1,500,000 preferred, organized.
having been increased in
road to Fort Smith July 1, 1876. Six coupons of July, 1876, and after Nov., 1880. Four per cent declared on
preferred stock July, 1881. In
were funded into 7 per cent notes ($560,100).
In the year 1880 the July, 1881, a controlling interest in the stock was sold to Louisville &
gross earnings were $510,287 and net earnings $252,459.
The land Nashv. Operations and earnings for three years past were as follows:
grant is 848,604 acres unsold, and in 1880 73,590 acres were sold at an
Freight (ton)
Gross
Net
Passenger
average price of $3 92 per acre.
(V. 30, p. 17, 43,192, 384; Y. 31, p. Years.
Miles.
Mileage.
Mileage.
Earnings. Earnings.
305; V. 32, p. 467.)
213
13,379,360 $27,158,428
$978,083 $294,160
213
Little Rock Mississippi River dk Texas.—Dec. 31, 1879, owned from
958,121
324,925
12,984,240
28,339,773
,232
34,222,143
15,484,890
1,129,632
425,270
Arkapolis, Ark., to Pine Bluff, 75 miles, and Arkapolis, Ark., to Collins,
25 miles; total operated, 100 miles. Additional branches were opened —(V. 27, p. 302; V. 28, p. 41, 599; V. 29, p. 147; V. 30, p. 169; V. 31,
In February, 1880. This company was a
reorganization of the Little p. 259, 454, 606; V 32, p. 16; V. 33, p. 47.)
Rock Pine Bluff & New Orleans Railroad and the Mississippi Ouachita
Louisville dk Nashville. June 30,1880, mileage was as follows
& Red River Railroad.
Both those companies received land grants
Main line—
Miles.
Miles.
and State aid bonds. The stock is $2,606,900. J. E. Redfleld, President,
Louisville to Nashville
185 Selma to Pineapple, Ala
40
Boston, Mass.
(V. 30, p. 169; V. 33, p. 201.)
Henderson to Nashville
135
Branches—
to Indiana State line) and the Richmond & Miami (State line to Rich¬

Little

Schuylkill.—Nov. 30, 1879, owned from Port Clinton, Pa.,

Catawissa RR. Junction, 28 miles; branches, 3 miles; total operated,

31 miles. The East Mahanoy RR., was leased Jan. 12,1863, for 99 years,
and sub-leased to Phila. & Reading July 7, 1868. The Little Schuyl¬
kill Railroad is leased to the Philadelphia & Reading Railroad for 93

years from July 7, 1868, at a fixed annual rental. Of the stock, $158,250
is held by the company, and no dividends are declared on this.
Long Island.—Sept. 30, 1880, owned from Long Island City, N. Y., to
Greenport, N. Y., 95 miles; branches, 65 miles; total owned, 160 miles.
Other roads controlled and operated in 1879-80 were as follows:
Name—
Miles.
Name—
Miles.
8*1
Smitlitown Sc Pt. Jefferson RR. 19-0 Central Extension RR
4*0
Stewart RR. to Bethpage
14*5 Wkite8tone branch
Stewart RR. to Hempstead... 1-8 Great Neck branch
6 T
New York & Rockaway RR... 8'9 Woodside & Flushing branch.. 3-9

Brooklyn <fc Jamaica RR

Newtown Sc Flushing RR

New York & Flushing RR
F. N. S. & Central

9-6

Brooklyn & Montaulc

3*9

Hunter’s Point & So. Side RR.
Far Rockaway branch
N. Y. & Long Beach

2-7

51*5
1-5

9*4
6T

7‘8
The total of all the roads owned and operated is 320 miles. The Long
Island RR. went into the hands of a Receiver October, 1877. The see*
ond mortgage bonds are issued to take up floating debt of various
classes. Several of the leased roads have beeu foreclosed under tom

mortgages, and

are now

operated under temporary arrangements.

The control of the company sold to Mr. Austin Corbin and others in
Dec., 1880. In July, 1881, stock increased to $10,000,000. In Aug.,
1881, holders of Smithtowu & Port Jefferson bonds and N. Y. & Rocka¬
way bonds agreed to exchange their bonds for a consol, mortgage, bear¬
ing 5 per cent. In October, 1881, Receiver was discharged.
The annual report for the fiscal year ending September 30, 1880, pul/
lished in the Chronicle, Y. 32, p. 68, made the following exhibit:
1879-80.
1878-9.
Total receipts
$1,811,848
$1,617,949
1,365,855
Operating expenses
1,279,590
Net earnings
$338,359
$445,903
Payments other than for construction were as follows:
.

^

Transportation
Interest




expenses

1878-9.
$1,279,590
205,173

1879-80.

$1,365,855

Miles.
259
323
323
325
326

Gross

-

Junction to Bardstown, Ky..
Junction to Livingston, Ky..
Junction to Richmond, Ky...

Montgomery to Mobile

17
Ill
34
180

New Orleans to Mobile
Branch to Pontchartrain

141
5

Paris, Tenn., to Memphis
Louisv. to Cecilian: June., Ky.
East St. Louis, Ill., to Evans¬
ville, Ind
June.,III.,to Shawneetown ,111.
Belleville, Ill., to O’Fallon, Ill.
Pensacola, Fla., to Pensacola
Junction. Fla

Pensacola Extension

32

Total owned

1,433

Leased and controlled—
Junction to Glasgow, Ky
Nashville to Decatur

119

259
46

Decatur to

189

161

Lebanon to Greensburg
Selma to Montgomery

41
6

10

Montgomery

Junction Paris sc Evansville
RR to Owensboro, Ky

35
31
50

Total leased and controlled
434
Total operated June 30, 1880.1,872
..

44
1

Branch to Muscogee dock....
Purchased iu July, 1881, the Louisville Cin. & Lex., 175 miles,
The general mortg. of 1880 is for $20,000,000, of which $9,716,000 is
reserved to pay off prior liens. For the St. Louis & Southeast, roads the
$192,200 Trust Co. certificates were issued, secured by $300,000 of the
E. H. Sc N. bonds; they are redeemable any April or Oct., on 30 days
notice. The Southeast. & St. Louis RR., which was reorganized afterforeclosure of the St. Louis <fc Southeastern, Nov. 1 >, 1880, is leased to tho
Louisville & Nashville for 49 years, and the L. & N. issues its bonds an
above, secured oil tbe road, a )o it 210 miles long in Indiana and Illinois.
There is also $999,500 of S. E. & 3t. L. stock. (See St. Louis Sc South¬
eastern statement, and references iu Supplement of December, 1830.)
Tbe L. Sc N. Lebauon-Knoxv 1 e bon Is of 1831 cover 110 miles, subjeol
to prior liens, aud 62 miles b aiding from Livingston to State line as a
first lien. The prices of stock have been;
1881.
1880.
1880.
1381

Jan
127
Feb
146
March... 164

86*8
-116*a

-

94*2 xS7
91%- 79
95
*f>*2
101 *3- 90*3

July ....126
August.

.

132

-118x
-115

1083i-x9Sisi
101*3- 90

99 - 92**
Sept’ber. 160 *2-130
October
173*2-155
April
164*3-115
May
13 J -120
110*2-99*2 Nov’bcr 174 -x84
June..... 128 -120
109*2-106
Dec’ber
89 -77
The annual report for 1880-s i, in the Chronicle, V. 33, 1.439, gave
an account of the various acquisitions in that year.
The comparative
statistics were as follows, not including Nashv. Chat. & St. L juis, whiefy
-139

....

228,120 j is reported separately;

-

.

.

.

i

Subscribers will

explanation of column
on

first page

INTEREST OR DIVIDENDS.

Miles
of

headings, &c., see notes

141

RR
81nk.fd.bds.,secu’dby ple’geof 2dM.8.&N.Ala.RR.
1st
gold, on Soutneast.& St.L.RR.,coup.or reg.
gold,

do

210
210
45
180
104
185
288
288

coup

Pensacola Div., 1st mort
Mobile & Montgomery Div., 1st mort
Pensacola & Selma Div., 1st mort

Pensacola & Atlantic, mort., guur
Louisville New Albany d Chicago—8took
1st mortgage
;

—

158

Indianapolis Div

Mortgage, gold, on Chic. &

Louisville New Albany d St. Louis.—1st

20
22
39
43
351
304
55
18
109
36
30
71
71
26

consolidated
«.
($1,100,000 loan) A. <fe. K. RR

1st mortgage,

Bonds
Extension bonds, 1870, gold
Maine Central loan for $1,100,000

Railroad loan

Androscoggin Railroad, Bath City loan
Portland & Kennebec, 1st mort., extended

consolidated mortgage....

do

do

Manchester d Lawrence—Stock
Manhattan Beach Improvement Co.—Stock
1st mortgage, N. Y. & Manhattan Beach Railway
2d mort., conv.,
do
do
Manhattan Beach Improvem’t Co. mort. bonds
Manhattan Elevated—Stock
Marietta d Cincinnati— 1st mortgage, dollar
1st mortgage, sterling

1877-78.
—.
Miles owned
Miles ls’d & contr’d..

operated..

966

972

1,425,128
3,723,643
458,828

1,267,797

5,607,599
3,263,356

5,387,596

Freight.

Mail, express, &c*

$

..

Total gross earn’gs..
Op. ex. (incl. taxes).
Net earnings

3,627,925
491,874
3,155,824

2,231,772

2,344,243

Includes rents, rent of cars and engines,

*

Net eam’g8,all s’rces
Disbursements—
Rentals for cars, &c.
Rentals
Int.on debt (all lines)
Disc’nt on bonds, &c.

Dividendst
Adv’s&int.S.&N.Ala.
Bo.&NoAla. st’g bds.
Miscellaneous
Total disbursements
Balance
*

$

2,327,023

2,481,841

149,149

5,000,000
3,000,000
2,300,000

20

600,000

2^

1,000

398,000

7
7 g.
7

3,000,000
600,000

2,950,000
1,248,000
3,000,000

100

1875
1870
1872

1872
1860-1
1870
1868
1871

12
12

1866
1863
1865

.

1879
44
188

188

•

•

•

500 (fee.
100

1861
1861
1866
1870

....

....

1,840
$
1,700,207
5,135,985
599,651

2,599,353
7,407,403
904,894
10,911,650
6,928,524

3,227,643

1,438

62,666

Mar. 1,

do

1931

Aug., 1921

.

.

July 1, 1910
Aug. 1, 1911

.

New York, Treasurer.
J. & J. Buffalo, Manuf.&Tr.Bk.
A. & O. N. Y., Drexel, M, & Co.
J. & J. N.York, Union Trust Co.

Q.-J.

Oct., 1881
1, 1905
Jan., 1902
Jan. 1, 1902

Jan.

....

A. & O. Boston, 2d Nat. Bank.
do
do
M’nthly
do
do
A. & 0.
do
do
J. & J.
do
do
J. & J.
do
do
Q.-J.
A. & O. Portland, 1st Nat. Bank.
A. & O. Boston, 2d Nat. Bank.
M. & N. Manchester and Boston.

April 1, 1912
1890 to 1891

Oct., 1900
July, 1898
July, 1901
July, 1891
Oct, 15, 1883
April 1, 1895
May 2, 1881

•

.

.

.

.

Jan. 1,

1897

March 1,

& J. New York, 115 B’dway.

J.

7

1900

....

M. &

7

S.

&
&
&
&

A.
A.
N.
J.

F.
F.
M.
J.

4

7 g.
7
8

Balt., R. Garret & Sons.
London.

Balt., R. Garret & Sons.
do

do

Aug. 1, 1891
Aug. 1, 1891
May 1, 1896
July 1, 1890

Androscoggin <fc Kennebec
In August, 1873, the Port¬

& Farmington rail¬
The annual report

published in V. 32, p. 333.
Comparative statistics for four years are as follows :
Earnings—
1877.
1878.
1879.
Total gross earnings $1,648,175
$1,434,688 $1,508,377
.

“

Net

$650,699

Disbursements—
Rentals paid
Interest on bonds

3,983,126

‘

52,000

2,050,900
69,750

1,221,692

39 933

$659,565
$54,000

$54,000
569,179

26,109

3,845

3,726

569,059
1,013

$627,226

$626,905

$624,072

$54,000

$603,519
surp.47,180

def.27,269 surp.21,652 surp.35,493
V. 32, p. 333, 658.)

owned from Manchester, N.

Manchester d Lawrence.—March 31,1881,

H., to Methuen (State Line), 22*4 miles; leased, Methuen Branch of the
Boston & Maine Railroad, 3% miles; total operated, 26 miles. Road in

2,912,327

823,120

652,905

638,398
$648,557

569,381

$54,000

(V. 28, p. 325 ; V. 30, p. 321;

4,208,335

$599,957

1880.

$1,720,053

523,410

..

Other interest, &c..

<g

593,983

644,637

earnings

Total income.

1879*80.

”6,345

$240,869 of this is to be refunded to the L. & N.

May 1, 1931

do

was

2,524,937
2,492,349
2,524,937 3,042,369 -4,192,364
Def.145,326 , Def.43,096 Sur.185,274 Sur.256,840

in the balance of $256,840.
t On L. & N., N. & D., and Mob.

do
do
do

do
do

1, 1930
April 1, 1910

March 1, 1921
March 1, 1980
Mar. 1, 1920

Agency.

land & Kennebe% Somerset & Kennebec and Leeds
roads were also consolidated with the Maine Central.

58,666

30,679

Jan.

J. (fe J. N. Y., N at .Bk.Commerce
do
do
F. & A.

....

Balance

236,840
459,998
67,143
66,713
26,289

Dividend.

c

7
6
6 g*
7
6
6
6
6
5

Total disbursem’nts

$
3,227,643

New York
do
do
do

This was a consolidation in 1862 of the
Railroad and the Penobscot & Kennebec.

1,872
$

7,435,843
4,208,199

Whom.

S.
S.
S.
N.
S.
A.

&
&
&
&
&
&

....

217,300
1,166,700
1,000,000
1,000,000
500,000
300,000
1,000,000
13,000,000
2,450,000
1,050,000
2,500,000
3,000,000

1,000

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

.

756,800
633,000
425,000

100
100

1877

6 g-

600,000

pal,When Due.
Stocks—Last

....

6

1,486,000
3,603,300
-3,904,500
1,100,000
496,500

1,000
100
100 &c.
100 &c.
500 (fee.
100 &c.
100 (fee,
100 (fee.
100 (fee
100 (fee.

Payable, and by

J. & J. N. Y., Drexel, M. & Co.
New Y'ork, Agents.
A, & O.

....

3,000,000

1,000

434

1,548,129

221,140
368,727
140,271

6
6 g,
3 g.
5
6
6
6

1,000
1,000

119,825

1,519,717

6 g.

1880
1881

960

1878-79.

$

Payable

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

&c.

1877-78.

Cent.

2,000,000
3,500,000

INCOME ACCOUNT.

Receipts—

When

$5,000,000

1.000

Where

Rate per

1880
1881
1881
1880
1881
1881
1881

1880-81.

660
312

$

Value.

1879-80.
880

1878-79.

662
304

Earning8—
Passenger

Outstanding

$....

1880

2d mortgage
3d mortgage

...

Par

Amount

1880

mort

Lykens Y alley—Stock
McKean d Buffalo—1st mortgage
Madison d Portage— 1st mort., gold.
Mahoning Coal.—1st mortgage, coupon
Maine Central—Stock...:

Leeds & Farmington

Size, or

Date
of

Road. Bonds.

of tables.

Louisville d Nashville—( Continued)—
1st mortgage on New Orleans <fc Mobile
2d mortgage,

[Vol. XXXIII

of any error discovered in these Tables.
Bonds—Princi¬

by giving immediate notice

confer a great favor

DESCRIPTION.

Total

STOCKS AND BONDS.

EA1LE0AD

XXXVI

operation since 1849. Formerly operated with the Concord RR. as one
line, on a basis of two-fifths of the joint earnings. Methuen branch is
leased at a rental of $11,000 per annum. Company lays claim to a twofifths interest in the Manchester & North Weare RR., 'which is operated
by Concord RR. Ten per cent dividends are paid. Gross earnings in
1*880-81, including amount received from Concord Railroad on account
of joint business, $185,641; net, $100,440.1 In 1879-80, gross, $164,998;
net, $100,411. (V. 32, p. 610 )

Co., and is included

& Mont.

Beach Improvement Co.—This wos a consolidation, Feb.,
1880, of the New York & Manhattan Beach Railway Co.,the Manhattan
w Manhattan

N. Y. & M.

Beach Improvement Co. and the Marine Railway Co. The
B. leases the New York Bay Ridge & Jamaica RR.,and guarantees inter¬
est on its bonds and stock.
The above statement of stock and bonds is

45, 95,122,135/191, 217, 283, 306, 328, 382, 403, 429, 510, imperfect, but in the next issue of the Supplement a full exhibit will be
551, 588,652; V. 32, p. 16, 39, 44, 70, 231, 266, 437, 444; V. 33, p. 23, given under the titlo “New York &, Manhattan Beach.” Austin Corbin,
President, 115 Broadway, New York City. (V. 30, p. 493.)
100,124, 201, 225, 322, 358, 385, 412, 439.)
Manhattan Eleva ted .—This is a corporation formed to lease and operate
Louisv. N. Albany d Chic.—Dec. 31, 1880, owned from Louisville, Ky.,
Its capital stock is
to Michigan City, Ind., 290 miles. In Aug., 1881, consolidated with the two elevated railroads in New York City.
Chicago & Indianapolis Air Line, and stock increased to $5,000,000, $13,000,000, and it guarantees the interest on the bonds of the two
giving 15 per cent increase to stockholders of record Aug. 31. The L. elevated roads and certain dividends. The original lease guaranteed
N. A. & C. was opened in 1852 and sold in foreclosure Dec. 27,1872, and 10 per cent per annum on the stocks, but this lease was amended in
reorganized without any bonded debt. In 1880 gross earnings, $859,- October, 1881, by the agreements made substantially as follows; 1. A
769; net, $259,922. In 1880 the company sold $3,000,000 of bonds to tripartite agreement among the three companies that the indebtedness
the stockholders at 20 cents on the dollar. The annual report was of the Manhattan Company to the Metropolitan and New York be can¬
published in V. 32, p. 181. —(V. 30, p. 434, 466, 519, 675 ; V. 31, p. 95, celed, except that the New York company should receive their divi¬
dends due in July and October, and the interest due July 1 on the New
15a, 205; V. 32, p. 181, 335, 526, 578; V. 33, p. 124, 176, 255, 412.)
York bonds, the interest on the Metropolitan bonds also to bo paid, but
Louisville New Albany d St. Louis.—This road, known as the “Air no back dividends"on Metropolitan stock; the claim of the Manhattan
Line.” between Louisville and St. Louis, was partially constructed before Company against the other two to be withdrawn; and then the net
1873. In May, 1881, a contract was reported with a Boston Syndicate
earnings to be distributed as follows: First, 6 per cent on New York
lor its completion. (V. 32, p. 578, 658.)
stock, then 4 per cent on Metropolitan stock, provided that road should
Lykens Valley.—Dec. 31,1880, owned from Millersburg, Pa., to Wil- earn it; then 4 per cent on Manhattan stock, and then all the remain¬
liamstown, Pa., 20 miles; branch, 1 mile; total operated,'21 miles. A ing surplus to be equally divided between the three parties to the com¬
coal road leased and operated by the Northern Ceutral Railroad since pact. 2. A supplementary contract was made after the first agreement
July, 1880, and previously by the Summit Branch RR. The lease is for bet ween the Metropolitan and Manhattan representatives, by which it is
999 years from March 1,1866, and the rental is $62,500 per annum.
provided that the Metropolitan Oompanj” shall have a preference over
the Manhattan to the extent of 6 per cent out of its own earnings, ana
McKean d Buffalo.—Dec. 31,1880, owned from Larabee, Pa., to Cler¬
in consideration of this to relinquish all claims to any proportion of the
mont, Pa., 22 miles. In 1880 gross earnings were $73,869 and net $32,- surplus of either road, thus giving to the Manhattan Company a claim

—(V. 31. p.

043.

The stock is $387,600.

B. D. Hamlin, President, Smithport, Pa

Madison d Portage.—From Madison, Wis., to Portage, Wis., 39 miles
The road was opened in 1870. The stock is $394,300.
The road is con
trolled and operated by the Chicago Milwaukee & St. Paul, and was
.sold in foreclosure and purchased in the interest of that company April
6,1880. (V. 30, p. 357, 375.)

Mahoning Coal.—Dec. 31,1880, owned from Andover, O., to Youngs¬
town, O., 38 miles ; branches to coal mines, 5 miles; total operated. 43
miles. It was opened May l, 1873, and leased for 25 years from that
date to L. Sh. & Mich. So, RR., at 40 per cent of gross earnings. Capital
stock is $1,373,000. The L.8. & M. S. Co. holds $399,000 of the bonds
purchased under the agreement of lease. Net earnings in 1880 (40 per
cent of gross), $85,391.
Maine Central.—Dec. 31,1880, mileage was as follows;
Main line—
Miles.
Portland to Bangor, Maine... 137

.

Branches—
Cumberl’d June, to Waterville

Farmington
Waterville to Skowhegan

Bath to

*2Total owned




Miles

34

Newport, Me., to Dexter, Me.

-

Crowley’s June, to Lewiston.

Leased—

Belfast to Burnham, Me

14

73

5
74
l?

37

Total leased

Total

*

48

operated, Dec. 31, 1880 355

the surplus earnings, its own share and that of the
Metropolitan Company.
The company went into receivers’ hands July 15,1881. The state¬
ment of the receivers in V. 33, p. 282, had the following: During the
period from Feb. 1, 1879, to July 14, 1881, the earnings of the
companies, as shown by the books of the Manhattan, have been as

to two-thirds of

two

follows:

New York.

Sept. 1,1879 to July 14,1881.
Operating expenses
,
Net earnings
Gross earnings

earnings Feb. 1 to Aug. 31, 1879
Total net earnings

Add net

Metropolitan.

$4,939,491

$4,213,6/ /
2,640,454

$2,037,792
642,090
$2,679,882

$1572/222

2,901,699

324,968

$1,898,191

2,679,882

Ja’704
49,/^*

Both roads
Add certain expenses

Total net

allowed for in operating account

earnings

Receipts from sale of Metropolitan RR.

terial, equipment, &c
The total disbursements have been
Balance cash on hand

.•

Co. bonds, old ma-

$4,627,778

$10,541,769

10,455/74^

$86,019

EAILEOAD

1881.]

October,

For

Miles

explanation of column headings, &c., see notes
on

first page of tables.

Date

of

of

Cincinnati & Baltimore RR., stock
do
1st mortgage
do
Marquette H. dk 0— 1st mort., I’d gr., M.& O., coup.
M. H. & O. mortgage

Central—Hew mort., gold, (for$3,500,000)...

Mass.

Memphis <6

1873
1866

....

C...

Charleston—Stock

"ist mortgage, Ala. & Miss. Div. (extend, in 1880).
2d mortgage

Consol. M.,g. ($1,400,0001st M. on 91 m. in Tenn.)
Memphis dk Little Rk.—1st M. (paid $50,000 yearly)
General mort., land grant, (8. f. $10,000 after ’82)

Size,

Road. Bonds

Marietta & Cincinnati—(Continued)—
4th mortgage

Bcioto &Hocking Valley RR., 1st mortgage
Balt. Short Line, stock, 8 p. c. guar byM. &
Balt. Short Line, 1st mort., guar, by M. & C

or
Par
Value.

$....
50

....

....

30

1869

5*2

*

....

1872
1878
1880

f

750,000

1,247,450

100 &c.

1st mortgage
2d mortgage

600,000

2,500,000
5,312,725
1,264,000
1,000,000

....

1877
1877

1,000
1,000

1877

250 &c.

sinking fund

1879

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

3^500,000

1881

1,000

7.500,000
18,738,204
1,508,500
437,000
8,000,000
1,900,000
200,000

.

.

.

.

800
284

---

....

82
39

39'
84

Grand River Valley, 1st mort., guar. 5
do
stock, guar
do
Detroit & Bay City 1st mortgage, endorsed

i,o0o

1857
1857
1872
1870
1870
1874
1879
1869
1870
1866

10
..

100

....

284
284
103

<0.

1st mort.,assumed by M. C
-.
Eauipment bonds
M. C. bonds, mort. on Grand River Valley RR.
Kalamazoo & South Haven, 1st mort., guar
do
2d mort., guar
do

1878

do

The approximate
follows:

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

Earnings.

500,000

1,000

640.000

1,000
1,000

70,000

118

1872-3

Where

Payable, and by
Whom.

O. Balt.,R. Garret & Sons.
N.
do
do
D.
do
do
D. Balt., Merch. Nat. Bank
N.
Cincinnati.
J. Balt., Balt. <fc Ohio RR.
D. Boston, N. Eng. Tr. Co.
S.
do
do
& J. Boston and New York.

7
4
7
4
7
8
6
6 g.

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

1
7
7 g.
8
4

J. *&"j. N. Y.,R.T.
J. & J.
do
do
J. & J.
do
do
M. & N. N.Y., H.Talmadge
do
do
Janu’ry

&
&
&
&
&
&
&

Wiison&Co.

Q.-J.

J.

6
6
7
3
6 g.
1
8
8
7
8
8
8
6
8
8
8

Stocks—Last
Dividend.

April, 1908
May 1. 1896
Dec., 1880
Deo. 1, 1904
Nov. 1, 1880
Jan. 1, 1900
June 1, 1892
Mar. 1/ 1908
Jan. 1, 1900
Jan. 1, 3915
Jan. 1, 1885
Jan. 1, 1915

&Co. Yearly-’81-’83
July, 1907

New York, Office.
& J. N.Y., Central Trust Co.
M. & N.
do
do

2*3

April 1, 1881
July. 1908
Nov. 1, 1899

5

1911

Q.-F.
A.
A.
M.
J.
M.
A.
M.
M.
M.
J.
J.
M.

2*2
8

424.000

....

Expenses.

$2,592,665

$325,733

Net Earnings.

$1,084,976
80,489

$1,427,200
$247,300
959,200

$1,165,465
$78,433

736,361
Total Metropolitan.... $2,021,294
$1,206,500
$814,794
Allowing for transfers at Chatham Square, after the payment of inter¬
est on the bonds the two companies would have earnings applicable to
the payment of dividends on their stocks:
Metropolitan...
$205,344 | New York
$636,165
These were equal to 9 79ioo per cent on the stock of the New York Com¬
pany and to 3 16100 per cent on that of the Metropolitan Company.
The actual net earnings of the Manhattan Company for the year were
$1,966,850, and the deficiency to meet fixed charges for the same time
was $490,308,'against a surplus brought over Oct. 1, 1879, of $301,216.
(Y. 32, p. 156,*421. 468, 552, 578, 612, 647, 659, 685; Y. 33, p, 24, 47,
74,100, 124, 176, 255, 282, 304, 358, 385, 397, 404.)
1,695,561

31,1880, owned from Cin. & Balt. Junc¬
tion, O., to Main Line June., O., 157 miles; branches and extensionsMain Line Junction to Scott’s Landing, 31 miles; Marietta to Belpre, 11
miles; Portsmouth to Hamden, 55 miles; Blanchester to Hillsboro, 22
miles; leased—Cin. &Balt. RR., 6 miles; Balt. Short-Line, 30 miles; total
operated, 312 miles. The company made default, and the road was
placed in the hands of Mr. John King, Jr., of the Balt. & Ohio, June 27
1877, and a foreclosure suit was afterward begun. The Marietta & Cin.
Co. guaranteed the stock and bonds of the Baltimore Short-Line Rail
way, and when in default on its own bonds this rental of the Baltimore
BhortrLine and the rental of the Cincinnati & Baltimore Railroad were
paid. The coupons overdue Dec. 31, 1881, were $3,427,500.
The
coupons overdue on bonds Dec. 31, 1880, were six on 1st mort.,.
$735,000; seven on 2d mort., $612,000; eight on 3d mort., $960,000;
seven on 4th mort., $1,120,000; total, $3,427,000.
The capital stock is
as follows: First preferred, $8,105,600; second preferred, $4,440,100;
common, $1,386,3d0. From Oct. 31, 1879, the Receiver’s report showed
that the income in 14 months ending Dec. 31,1880, was: Gross earnings,
$2,477.634; net earnings, $328,133; taxes and rentals were $538,512;
deficit, $210,379. Suit for foreclosure is yet pending. (V. 30, p. 43,
169, 567, 589; V. 31, p. 95, 229, 484, 606; V. 32, p. 16, 145, 231, 526;
V. 33, p. 255, 304.)
Marietta dk Cincinnati—Dec.

Marquette Houghton &■ Ontonagon—Dec. 31,1880,

owned from Mar¬

quette, Mich., to L’Anse, 63 miles; branches, 25 miles; total operated, 88
miles. This was a consolidation Aug. 22,1872, of the Marq. & Ontonagon

Railway and the Houghton & Ontonagon Railway. The company made
default on its bonds, and issued the present 6 per cent bonds in exchange
for prior 8 per cent bonds. The stock is $2,306,600 common and
$2,259,026 preferred. The lands amounted to 425,000 acres, mostly tim¬
ber and mineral lands, and in May, 1881, 400,000 acres were sold for
$2,500,000, and about $1,800,000 6 per cent bonds called in. In May,
1881, a circular was issued offering to stockholders the privilege of
subscribing to the stock of a land company formed to take all the
unsold lands. See V. 33, p. 47. Operations and earnings have been:
Gross

Net

Miles.

Passenger
Mileage.

Freight (ton)

Years.

Mileage.

Earnings.

1877.....

88
88
88
88

1,170,748
1,030,290
1,130,678
1,615,903

15,478,293
15,816,466
15,124,336
20,804,176

Earnings.
675,732
566,453
552,671

299,182
277,157
405,719

1878
1879
1880

1,000,000
491,200

100

....

$1,120,200
307,000

:

$2,205,176
387,489

Total New York
Second Avenue
Sixth Avenue

*

556,000

1.000

....

8

When

Payable

Princi¬

pal,When Due 1

<fc
&
&
&
&
&
&
&
&
&
&
&

O.
O.
N.
J.
N.
O.
S.
N.
N.
J.
J.
N.

Grand Central, Office.
N. Y., Union Trust Co.
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

Aug. 1. 1881
Oct. 1,1882
Oct. 1,1882
May 1,1903
Jam
Nov.

1,1890
1, 1890

April 1, 1883
1909

Nov. 1,
Nov. 1,

1889
1890

July 1, 1886
July, 1881
May 1,1902-3

earnings for the year ending Sept. 30,1880, were as March, 1880, 15,150 shares of stock held by city of Charleston were
sold to Newell, Duncan & Co., of Nashville, at 38 hj. Earnings for five

Third Avenue
Ninth Avenue

-

(?)
6,500,000
10,800,000
2,000,000
16,827,500

....

(guar, by Manhattan)

Consolidated mortgage (for $10,000,000).
Michigan Air Line mortgage..'.
do

100

....

1,958,000
250,000
2,600,000

14

Mexican Central (Mexico.)—IstM. ($32,000 p. in.).
income bonds, convertible, not cumulative
Mexican National Railway (Mexico).—1st M., gold..
Michiaan Central— Stock
1st mortgage, convertible,
1st mortgage, convertible

500.000

1,760,000

1,000
25

....

300,000
1.125,000

1,000

1854
1867

Rate per
Cent.

$4,000,000

1,000

....

50
88
116
292
181
272
292
133
133

Outstanding

50

• • • •

Bonds

INTEREST OR DIVIDENDS.
Amount

1,000

Memphis Paducah dk Northern—

Metropolitan Elevated (N. Y'. City)—Stock

BONDS

giving immediate notice of any error discovered in these Tables.

Subscribers will confer a great favor by
DESCRIPTION.

AND

STOCKS

-(V. 32, p. 552, 578; V. 33, p.

771,538

346,063

47,154.)

Massachusetts Central.—Projected

road, Boston, Mass., to West Deer¬

field, Mass., 110 miles; branches, 6 miles; total as projected, 116
miles.
Leased March, 1880, to Boston & Lowell for 25 years, at a
rental of 25 per cent of gross earnings, and to be completed as speci¬
fied by Nov. 1,1881. Stock, $3,500,000. (V. 30, p. 222, 248, 322, 650;
V. 31, p. 454.)

Memphis dk Charleston.—June 30, 1879, owned from Memphis to
Stevenson, Ala., 272 miles; branches—to Somerville 14 miles, to
Florence 5 miles, to Mississippi River 1 mile; total operated, 292
miles. This road was leased June 2,1877, to the East Tennessee Vir-

gnia & Georgia Railroad road twenty years account and 1, 1877. The
from July apply the net
to operate the for on their own
ssees were

pay the balance, if any, to the
6 months’ notice and was modified

lessors. The

years

past were as follows:

Miles.

Years.

Gross Earn’gs.

....

Net Eam’sra.

.

....

....

....

292

$1,033,366
961,350
989,857

$321,230
317,523
307,445

862,513

1875-6
1876-7
1877-8
1878-9
1879-80

231,038

292

1,003,271

262,924

292
292

-(V. 28, p 221; V. 29, p. 18, 382,
32, p. 526, 552.)

608,631; V. 31, p. 535, 55T; V.

Memphis <£ Little Lock.—Dec. 31, 1879, owned from Little RoCk,
Ark., to Hopefleld, Ark., 135 miles. Default was made on the coupons
November, 1872, and the property sold in foreclosure. The new com¬
pany also defaulted, and the road was sold and reorganized April 28,
1877. The stock is $1,500,000. In 1879 gross earnings were $428,620;
net earnings, $138,367. The company has a land grant from Congress

certified to
1882. In
purchased by the St. Louis

of 1,000,000 acres, of which about 150.000 acres have been
it. The general mortgage carries 8 per cent interest after July,

April, 1880, control of this company was
& Iron Mountain. See V. 30, p. 466. R. K. Dow is President,
Rock, Ark. (V. 29, p. 657; V. 30, p. 192, 466.)

Little

o

Memph is Paducah dk Northern.—-This was the Paducah & Memphis road
from Paducah to Trimble, Tenn., and from Memphis to Covington,—112
miles in all. The road was foreclosed in April, 1877, and reorganized
under this name, but no financial statement has been made. In Dec.,
1880, Mr. Smitherswas appointed Receiver, and the road was sold, Aug.,
1881, and purchased in interest of Eliz. Lex. & Big Sandy by C. P. Hunt
ington for $2,300,000. (V. 32, p. 636, 672; V. 33, p. 154, 176.)
Metropolitan Elevated— Sept. 30,1879, owned from Rector 8treet to
miles, and from 6th Av. and 53d St. to 155th St., 5^ miles;
total operated, 10*4 miles. This wTas formerly known as the Gilbert Ele¬
vated Road, ana is now leased, together with the New York Elevated, to
the Manhattan Railway Company, at 10 per cent on the stock and in¬
terest on the bonds. Mr. Elnathan Sweet, Jr., an assistant of the State
Engineer, made a report in January, 1880. He reported that the New
York Loan & Improvement Company expended in the construction of
the Metropolitan Elevated Railway up to September 30,1879, the sum
of $10,828,790.
For $6,500,000 of Manhattan stock, $8,500,000 of
the first mortgage bonds and $6,500,000 of the stock of the Metropoli¬
58tli St., 4Uj

tan

Company, representing the whole property

and the only lien upon

it, Mr. Sweet comes to the conclusion that the New York Loan
and Improvement Company paid $9,639,142. The Metropolitan earn¬
ings to July 14, 1881, are reported in V. 33, p. 255. See Manhattan RR.
(V. 31, p. 45, 68, 95, 123, 205, 281, 304, 329, 358 ; V 32, p. 121, 468,
552, 647, 685; V. 33, p. 24, 47, 74, 124, 255, 282, 385, 397, 404, 442.)

from El Paso south
The company has a
subsidy from the Mexican Government. The first mortgage bonds were
issued thus: $5,000 with $1,000 income bond and 40 shares of stock for
$4,500 cash. Tlios. Nickerson, President, Boston. (V. 31, p. 672 ; V.
32, p. 100, 396; V. 33, p. 193.)
Mexican National Railway (Mexico).—This is the road’building from
Laredo southward, under the Palmer-Sullivan concession, from Mexico.
Bonds for $1,000 with stock for $1,000 were issued for $1,050 cash. (V.
31, p. 672 ; V. 32, p. 16., 685 ; V. 33, p. 193.)
Michigan Central—Dec. 31,1880, owned from Detroit, Mich., to Ken¬
sington, Ill., 270 miles ; used jointly with Ills. Central, Kensington
Chicago, 14 miles; leased lines—Michigan Air Line, 104 miles; Jackson
Lansing & Saginaw, 236 miles; Grand River Valley, 84 miles; Kala¬
mazoo & South Haven, 40 miles; Joliet & Northern Indiana, 45 miles;
Niles & New Lisbon, 11 miles; total operated. 804 miles. The leased
lines have been largely assisted by the Michigan Central Company, and
prior to 1872 the Michigan Central was a regular dividend-paying
company. The Vanderbilt party took possession in June, 1878.
For the first six months of 1881 (June partly estimated), the state¬
Mexican Central (Mexico).—This road is to extend
ward, under the management of Boston capitalists.

ment was as follows:

Gross earnings

Operating expenses and taxes
Percentage of earnings
Net

earnings....

Interest and rentals

18S1.

1880.

$4,340,000
3,045,000

$4,621,000
2,921,000

7016

63-2

$1,295,000

$1,700,000

853,000

840,000

$142,000
$860,000
appropriated in 1881 to the dividend of February, 1*3 per
1879, the M. & C. Company giving up their right to terminate the lease,
and the lessees agreeing to buy the coupons for three years following in cent, and August 1 per cent, making $468,455.
In 1880 construction account for the entire system increased $271,109,
case the M. & C. earnings should be insufficient to pay them. Of the new
consolidated mortgage, $1,400,000 is secured by the old Tennessee State of which amount the cost of lands and new 2d track, viz., $95,184, was
lien for $1,736,906, assigned to a trustee, arid a sufficient balance of this paid with funds derived from traffic; but the cost of 227 new freight
mortgage is reserved to take up first and second mortgages. The first cars, viz., $175,925 was paid with proceeds of sundry securities which
mortgage bonds due May, 1880, were bought up, but not paid off. In the company held.
earnings to interest and

lease

was




terminable

on

in December,

Balance....

This

was

STOCKS

RAILROAD

XXXV111

Subscribers will confer a

on

first page

headings, Ac., see notes

of tables.

_

118
116

do
1st mortgage
Jack. Lan. A Sag., 1st mort. (N. of Win.), cony
do Cons. m. on whole line (300m.)
do
do
do
Middletown TJnionville d Water Gap—1st mortgage.
Milw. Lake Shored: West— 1st m., gold, LakeSh. Div.

.

236
298
13
127
100
23
23
273

Northern Division, 1st mortgage

Oshkosh Division, 1st mortgage
Wausau Division, 1st mortgage
Consol, mort., gold (for $5,000,000)..

cumulative)
126
140
51
27
93
15
102

Milwaukee d Northern—1st mortgage
Mine Hill & Schuylkill Haven—Stock
Mineral Point— 1st mortgage

Minneapolis d- St. L.—1st M., Min. to Merriam June.
1st mortgage, Merriam Junction to Albert Lea ..
1st mortg., Minneapolis to White B. Lake, guar..
1st mortgage, gold, coup. (Al. Lea to Fort Dodge)
Mortgage, gold, on Southwestern extension
Mortgage, gold, on Lake Superior Extension ...
2d mort. bonds, income, 5 & 10 years
Mississippi d Tennessee—1st mortgage, series “A
1st mortgage, series “ B,” (a second lien)
Missouri Kansas d Texas—Stock
lstm., gold, sink, fund, on road and land (U.P.S.Br)
1st mortgage, gold (Tebo. A Neosho)
Consolidated mortgage, gold, on road and land...
2d mortgage, income, (for $10,000,000)
Booneville Bridge bonds, gold, guar
General consol. M.,gold (for $45,000,000)
Hannibal A Central Missouri, 1st mortgage....
do
do
2d mortgage

21

172
100
100
786
182
100
786

786
....

880
70
70

....

1881
1865
1867
1870
1871
1880
1866
1875
1879
1879
1880
1881
1881
1880
•

•

$1,000

1,(24,000
68,000
514,000

1,000

1,100,000
400,000

.

•

750,000
572,000

1,000

200,000
230,000
3,000,000
500,000
2,155,000
4,022,500
320,000
455,000
950,000

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

•

1868
1877
1877
1877
1879
1880
1880
1881
1877
1877

.

Passenger mileage

..

1877.

1878.

1,400,847
79,805,454

....

1,000
500 Ac.

280.000
1,000
1,000
1,020,000
1,000 12,000 p. m.
1,000
250,000
500,000
1,000
1,000
976,000
1,001,000
1,000
100
37,775,000
1868
2,296,000
1,000
1870
1,000
349,000
1871-3
14,772.000
1,000
500 Ac.
1876
7,571,553
1873
1,000
956,000
1880
1,000
4,940,000
1870
768,000
1,000
1872
1,000
32,000

1,373,530
79,684,072

1879.

1880.

1,699,810
1,445,655
93,232,430 115,523,789

2-13 cts.
2-21 cts.
2*30 c-ta.
Rate$ pass’ger$ mile
3,797,137
2,786,646
3,513,819
Freight (tons) moved.
2,937,570
Freight (tons) mileage.446,708,939 548,053,707 721,019,413 735,611,995
0-842 cts.
Av. rate $ ton $ milo
0 982 cts.
0-848 cts.
0*692 cts
3
$
Earnings—
$
$
2,461,771
1,881,581
1,918,609
2,062,265
Passenger
6,195,971
4,387,839
Freight
4,646,248
4,986,988
293,633
Mail, express, Ac
292,015
307,237
297,541
TuiotsVoraa mil#

Total gross

earnings.

Operating Expenses—

2*41 cts.

6,561,435

$

6,872,094
$
854,554

Maint. of way. Ac
Maint. of equipment.

778,948
627,624

Transport’ll expenses

2,357,529
302,742
441,639

2,296,394
204,497

Taxes

Miscellaneous
Total
Net earnings

P.ct.op.exp.toearn’gs

648,718

7,346,794

8,951,375

$

$
1,226,536

904,613
623,730

670,006

2,455,164

2,824,901

363,075

201,682
514,403

197,255
820,053

4,508,482

4,367,238

4,099,592

5,738,751

2,052,953
68-71

2,504,856
63*55

2,647,202

3,212,624

63*97

64*11

INCOME ACCOUNT.

Receipts—

1878.

1S79.
$2,647,202
68,634

‘1880.
$3,212,624

Net earnings
Interest and dividends

$2,504,856
119,664

Total income
Disbursements—
Rentals paid
Interest on debt
Dividends
Miscellaneous
Balance, surplus

$3,340,99;?
$2,624,520
$2,715,836
$
$
184,310
184,310
184,310
1,385,120
1,431,640
1,403,472
(4) 749,528 (5^)1,030,001 (8) 1,499,056
70,000
97,840
208,512
161,202
97,453

134,374

Total
2,624,520
2,715,836
3,346,998
The Jackson Lausing & Saginaw debt is assumed by Michigan Central,
which also pays $70,000 per year on the stock of $2,000,000, one-third
of which it owns; the proceeds of J. L. & S. lands go to pay bonds,
and in 1880 sales amounted to $681,341, leaving 408,881 acres unsold,
valued at $3,066,607. Interest was passed on the Detroit and Bay City

bonds, not guaranteed, November, 1875, and sale was made Feb. 12,
1880, for $3,625,750. In March, 1881, the Michigan Central bonds for

$4,000,000, secured by mortgage on that road, were issued.—(V. 30, p.
491; V. 31, p. 2o, 606, 672; V. 32, p. 205, 368, 437, 497, 511, 679, 686;
V. 33, p. 225, 358.)
Middletown TJnionville d Water Gap.—Oct. 1, 1879, owned from Mid¬
dletown, N. Y., to Unionville, N. J. State Line, 13 miles.
Road opened
June 10, 1868. Is leased to the New Jersey Midland Railroad at a rental
of 7 per cent on stock ($123,850) and interest on bonds. Paid a dividend
of 2% per cent Feb., 1881. G. Burt, President, Warwick, N. Y.
Milwaukee Lake Shore d Western— Dec. 31, 1880, owned from
Milwaukee, Wis., to Wausau, Wis., 210 miles; branches—Hortonville to
Oshkosh, 23 miles; Manitowoc to Two Rivers, 6 miles, and Eland Junc¬
tion to Birnamwood, 5 miles; total operated, 244 miles. The company
on the interest of its bonds in Dec., 1873. and on Dec. 10,
1875, the property' was sold in foreclosure for $2,509,788 and pur¬
chased by' bondholders. The reorganized company has $5,000,000 pre¬
ferred stock and $1,000,000 common. The bonds inay be oaid off any
time at 105 and interest, and all the old bonds are called in to be paid
Dec. 1,1881, excepting the Northern Div. A consolidated mortgage foi
$5,000,000 is issued to take up all other debts, and the balance for
extensions, Ac. Pref. stock has a prior right to 7 per cent from net
earnings. In 1880 gross earnings were $427,751; net earnings, $154,487, against $127,959 in 1879. (V. 29, p. 226; V. 30, p. 84. 144, 464 ;
V. 32, p. 232, 288, 569, 578, 636, 657.)
Milwaukee d Northern.—Jan. 1, 1881, owned from Green Bay, Wis.,
to Schwartzburg, Wis.. 104 miles; branches —Menasha and Appleton to
Hillbert. Wis., 22 miles; total operated. 126 miles. The new bonds
carry' 4 per cent for one year, 5 per cent for . nx year and 6 thereafter
Juue 5, lS80.foreolo.sure was made and road sold for $1,500,000. The
stock is $2,155,000, same as bonds.
It is leased to Wisconsin Central
at a rental of 37per cent on gross earnings, terminable by* either
party on 6 months’notice. Gross earnings, 1879, $383,251; net, $136,
033. Gross in ls80, $470,861 : net, $175,053.
(V. 28. p. 454; V. 30, p.
273, 599. 650; V. 31, p. 588 ; V. 32. p. 335. -137.»
Mine Hill d Schuylkill Haven.—Nov. 30, 1879, owned from Schuylkill
Havtn. Pa., to Locust Gap, Pa., with branches, 66L> miles. Road was
leased May 12, 1864, to the Philadelphia «.v Reading Railroad Co. for 999
years at a rental of 8 per eent on the capital stock. There is no debt,
and 7 percent dividends are paid. Operations not separately reported;

defaulted

“

included in lessee’s returns.
Mineral Point, Wis.—Sept. 30, 1879, owned from Mineral Point, Wis.,
to Warren, Ill., 33 miles ; branch, Calamine to Platteville, Wis., 18
Miles; total operated, 51 miles. In 1877-8, gross earnings were $125,-




1 943,000

1,000
1,000

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

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

$1,(00,000

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

OPERATIONS AND FISCAL RESULTS.

Operations—
Passengers carried...

[vol. xxxm.

INTEREST OR DIVIDENDS.
Miles Date Size, or
Amount
Rate per When Where Payable, and
Par
of
of
Whom.
Cent.
Road. Bonds Value. Outstanding
Payable

Michigan Central—(Continued!—
Mort. on Detroit & Bay City Railroad
Jackson, Lansing A Saginaw 1st mort

Income bonds (not

BONDS.

great favor by giving Immediate notice ot any error discovered in these Tables.

DESCRIPTION.

For explanation of column

AND

A
A
A
A
A

by

Union Trust Co.
do
do
do
do
do

do
do
do

do
do

g.

g.
g-

g.

g.
g.

D. N. Y., S. S. Sands A Co.
S.
do
do
A.
do
do
A.
do
do
N.
New York.

g.

g.
g.
g.

1886
June 1, 1895
Mar. 1, 1909

Aug. 1, 1909
Aug. 1, 1910
May 1, 1921
May 1, 1911

Juiio 1, 1910

Pliila.M.H. AS.H. R.Co.

July 15, 1881
Jab. 1, 1890

N.Y., Continental N.Bk.

Jan. 1, 1907
Feb. 1, 1927
Jan. 1, 1907
June 1, 1909
Dec. 1, 1910
June 1, 1910

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

J. N. Y., Union Trust Co.
do
D.
do
A. N.Y., Mercantile Tr. Co.
O.
N. Y., Co.’s Office.
N.
do
do
D.
do
do
N.
do
do
do
N.
do

•

1, 1931

N.Y.,Merck. Excli.N.Bk.

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

A
A
A
A
A
A
A
A

Mar.

July 1, 1885
May 1, 1890
Sept. 1, 1891
Sept. 1, 1891

....

g.
g.

Dividend.

July 1, 1885

J. A
J Oo
J. A
J. A
J. A
M. A
J. A
J. A
J. A
J. - A
A. A
J. A
•

pal,When due.
Slocks—Last

Middleto’n,N.Y.,lstN.B

....

3*2

6
7
7
6
7
6
7
7

S. N. Y.,

A N.
A S
A S..

J.
M.
F.
F.
M.

4, 5,6
10
7
7
7
7
7
7
7
8
8

A

A J.
A J.

Bond 8—Princi¬

do

do

_do

do

do
do
New York.
do
N. Y., Imp.
do

A Trad. Bk.
do

Jan.l, ’86-’91
April 1, 1902
July 1, 1902
Jan., 1899
June, 1903
1904-1906

April 1. 1911
May 1, 1906
Deo. 1, 1920
May 1, 1890
May 1, 1892

570; net, $52,300. The stock is $1,200,000. Luther Beecher, President
Detroit, Mich. (V. 31, l>. 535.)
Minneapolis d St. Louis.—June 30, 1880, owned from Minneapolis to
Albert Le.a, 108 miles; Albert Lea to Fort Dodge, 102 miles; leased, Min¬
neapolis to White Bear Lake, 15 miles; White Bear Lake to Duluth, 143
miles; total operated, 368 miles. In June, 1881, a consolidation was
arranged with $2,000,000 of stock. (See V. 32, p. 613.) Gross earnings
for year 1878-9, were $471,344; net earnings, $186,640. The bonds,of
the $1,100,000 mort. (1877), numbered from 1.101 to 1,400, for $500
each ($150,000 in all), are guaranteed by' tbe Burlington Cedar Rapids
& Northern Railroad. The bonds on the 15 miles were issued by the
Minneapolis & Duluth Railroad before it was absorbed by this company.
Stock issued, $2,000,000. The projected Southwestern extension runs
from Fort Dodge, la., towards Kansas City, Mo., 325 miles, with a
branch to Council Bluffs, 140 miles.
(V. 30, p. 248, 432 ; V. 31, p. 328
V. 32, p. 121, 500, 569, 612; Y. 33, p. 201.)

Mississippi d Tennessee.—September 30, 1880, owned from Grenada,
Miss., to Memphis, Tenn., 100 miles. Capital stock, $825,400. Debt
consolidated
Years.
1875-6
IS76-7
1877-8
1878-9
1879-80
was

as

above in 1877.
Miles.
100
100
100
100

Earnings for five
Gross Earn’gs.

past were:
Net Earn’gs.

y'ears

$469,272

$241,798

433,440
378,780
373,687

212,768

176,935
169,955
269,379

100
525,489
-(V. 28, p. 95; Y. 31, p. 205, 587.)
Missouri Kansas d Texas.—Dec. 31,1879, owned from Hannibal, Mo.,
to Denison, Texas, 576 miles; branches—Parsons, Kan., to Junction City,
Kan., 157 miles; Holden (Mo. Pac. RR.) to Paola, Kan., 54miles; Deni¬
son, Tex., to Whitewright, Tex., 21 miles; total operated, 808 miles.
In
Feb., 1880, the 54 miles, Holden to Paola, was leased to Mo. Pacific.
Intel-national & Great Northern.—Dec. 31, 18 SO, from Longview, Texas,
to Houston, Texas, 236 miles, and Palestine, Texas, to Austin City,
Texas, 181 miles; Austin to San Antonio, 80 miles; branches—Troupe,
Texas, to Mineola, Texas, 44 miles; Phelps, Texas, to Huntsville, Texas,
8 miles; Houston, Texas, to Columbia, Texas, 50 miles; Henderson to
Overton, Texas, 16 miles; leased, 10 miles, Round Rock to Georgetown;
total operated, 625 miles.
The Missouri Kansas & Texas Company was organized April, 1879,
and embraces by' consolidation the Union Pacific—Southern Branch, the
Tebo & Neoslio and other minor companies. In 1874 the Hannibal A
Central Missouri was purchased. The company made default on their
consolidated bonds in Dec., 1873, and was operated by a Receiver from
Dec. 30,1874, to July' 1,1876, when the Union Trust Company of New
York took possession.
The election of Mr. Gould as President took
place in January, 1880. On Dee. 1,1880, the company' took possession
of its property, paying the overdue coupons. The company had a land
grant from the United States estimated at 817,000 acres and from the
State of Kansas 125,000 acres. There is also a grant in the Indian
Territory of 3,622,400 acres subject to tbe extinguishment of the Indian
title. The Booneville Bridge Co. is a separate organization, and earns
interest and proportion for sinking fund. Nov. 17, 1880, stockholders
voted to increase stock by $25,000,000, to make extensions to Rio
Grande River and City' of Mexico and Fort Smith, Ark. The general
consolidated mortgage is at $20,000 per mile on all road built and to
be built; of which $18,217,000 is reserved to take up first consol, and
prior bonds; $10,000,000 reserved to take up income bonds and inter¬
est, with bonds under this mortgage which may carry' less than 6 per

eent interest. At a meeting of
the Mo. Pacific for 99 years was
lessee operate the roau and pay'

stockholders May 18, 1881, a lease to
ratified on terms following: That the
the obligatory’ mortgage interest, pay¬

ing over the balance to the Missouri Kansas & Texas Company'.

If

there

is a deficit in income the lessee may' advance money' to pay interest, or
in case of failure to make such advance, the Missouri Kansas A Texas

possession of its road. (See V. 32, p. 613.)
The International A Great Northern Railroad was

can resume

merged with this

oy' an exchange of two shares of Missouri
Kansas
A
Texas
for
of
one
International
A Great Northern.
The International A Great Northern was a consolidation of the
Houston A Great Northern Railroad and the International RR. of Texas
on Sept. 22,1873.
The company made default on itR bonds, and a Re¬
ceiver was appointed in April, 1878. Sales in foreclosure were made
company

in May', 1881,

July’ 31 and Oct. 14, 1879. In the reorganization the lands of the com¬
pany', amounting to about 5,000,000 acres, were eonvcy'ed to the
second mortgage bondholders in full settlement for their lieu on the road,
which was thereby discharged. The present income bonds were issued

for one-lialf of old mortgages and overdue interest. Interest at 4 per
cent for 1879 was paid on these and for 1880 5 per eent will be paid—
2Lj per cent Mch. 1 and 2^ per cent Sept. 1,1881. The option was given
till June 1, 1881, to exchange these for a new 6 per cent mortgage bond.
Prices of Missouri Kansas A Texas stock have been:
1881.
1880.
1880.
1881.
Jan
48 - 401#} July
515s- 40%
3939- 3312
4914- 32
4538- 37
Feb.
48i4- 42
50%- 39% AUgUSt
3934- 35
44 - 391*
46 Lj- 417s
March
4739- 421^ Sept’ber. 37i2- 3078
3935
47 %- 43
October..
453s- 3319
April
41 l2- 36%
54 - 44l2 Nov’ber
353*- 28
May
June
38 %- 281«
Dec’ber.. 4713- 36%
533s- 49
..

...

.

October,

RAILKOAD

1831.

-

s

790 81

on

first page

of tables.

Missouri Kansas <6 Texas—( Continued)—
Internat. & Gt. North’n, 1st mort., gold
do
2d mort. income, not eumnlativo
do
2d mortgage
1st mortgage,

Miles

665

.

519
665

708

.

gold

County (no bonds)

do
do
do
do
do
do
do

$1,000

$7,434,000

1874

A. & O. N.

Oct.

348,000
1,200,000
1,050,000
4,000,000
6,000,000
2,500,000
1,450,000
7,900,000

....

1867
1872
1870
1872
1870
1879
1879
1881

•

•

.

....

686
56
56
85

1,000

1,000
1,000

1,000

6

1,000
1,000

1874
1869
1877

186
506
472

1,000
1,000
1,000

....

1879
1879
1879
1879

....

....

....

....

....

g.

g.

g.

$1,215,999

$3,217,278
3,197,321

Feb., 1885

Nor., 1920
1, 1893

Oct.

2,981,681

3,344,291

1,271,541

4,161,671

1,545,625

405, 429, 484
526, 552, 613,

Missouri Pacific.—This was a consolidation in August, 1880, embracing
589 miles, made up of the Missouri Pacific, St. Louis & Lexington, Kan¬

City & Eastern and Lexington & Southern in Missouri; aud the St.
Louis Kansas & Arizona and Kansas City Leavenworth & Atchison in
the State of Kansas, 708 miles in all. In May, 1881, the 8t. Louis Iron
Mountain & Southern was taken in, as follows-:
From St. Louis to
Texarkana, Texas Line, 490 miles; branch lines, Mineral Point, Mo.,
to Potosi, Mo., 4 miles; Bismarck; Mo., to Belmont, Mo., 120 miles;
Poplar Bluff, Mo., to Bird’s Point, Mo. (Cairo), 71 miles; total, 685 miles.
The Pacific Railroad of Mo. wras sold in foreclosure of the 3d mortgage
Sept. 6, 1876, for the nominal price of $3,000,000, to C. K. Garrison
and others, and this company was organized with a stock of $800,000.
The validity of the sale has been contested, but the U. S. Supreme Court
decided in favor of the present company. In 1879 the gross earnings
were reported at $3,922,893 ; net earniugs, $1,783,734.
The following is a statement of earnings, expenses. &c., in year 1880:
Earnings from passengers
$1,325,044
Earnings from freight
4,014,128

368,599

$5,707,773

1

9,125,326

Operating expenses and taxes

Yearly.

Yearly.
Yearly

retire the outstanding

given, amounting to
$20,184,000. The remaining $9,816,000 are to be issued as may be
required for finishing, constructing, purchase, acquisition, <fcc.
The St. Louis Iron Mountain & Southern stock was merged in the
Mo. Pacific in May, 1881, on the basis of three shares of Mo. Pacific for
four shares of Iron Mountain. In August, 1881, a circular was issued
giving holders (Aug. 8) of ten shares Mo. Pac. stock the right to take
one snare in the Hudson River Contracting Co., to build 250 miles of
new road from Knobel, on northern line of Ark. to La. State line, in
Ashley Co., under the Cairo & Fulton charter.
The St. Louis & Iron Mountain road defaulted on its interest in 1875
and finally made a compromise w ith its bondholders, issuing the first
pref. income bonds due in 1891-95-17 and 1914, the overdue coupons on
mortgage bonds, the coupons not being canceled but held in trust as
seourlty. The 2d pref. income bonds, due 1914, wrere issued to holders
of consolidated mortgage bonds, and those bonds deposited as security.
Interest to Dec. 31, 1879, has been paid on the income bonds, but
nothing for 1880. The company offers to exchange them for the new 5
per oent mortgage bonds, with which all other bonds are eventually to
be retired; interest on both classes of the income bonds is cumulative.

The Mercantile Trust Co. of N. Y. is trustee of the general consol, mort-

fage. 285. St. L. I. M. & So. annual&c., of St. L. I. M. <& S. for four years
2, p. The Comparative earnings, report for 1880 was published in V.
follows:

EARNINGS.

1878.

1879.

1880.

$
4,514,321

$

$
6,265,597

Y., Drexel, M. & Co.

Mobile and New York.
New York City.
do
do
do
do

May 1, 1897
June 1, 1895
June 1, 1897
Jan. 1, 1891
Pd. May, 1880
Pd. Oct. 12,’80

April 1, 1931
July 1, 1910
Jan., 1889
June, 1897
Feb.. 2, 1880
Dec.

1, 1927

1878.

$
1,116,081
5,000

$
1,236,415
52,335,184
$
21,469,101
25,909,000
2,438,165
539,029
1,979,889

21,458,961 21,459,821
30,068,657 30,078.810
108,210
18,202

&o.

51,028,147
$
21,471,151
25,909,000
2,440,125
430,415
777,456

Total liabilities...

51,028,147

52,335,184

53,219,959 54,322,156

Income account

Miscellaneous items.
Total assets

Liabilities—
Stock
Funded debt
Certfs. & unfund.
Bills payable, &c
Interest accrued,

*

This includes

cou

604,827

1879.

$
1,577,753
656,677

1880.

$
1,706,142
*
671,472

53,219,959 54,322,156

489,019

1,727,205

1,095,111

1,038,117

$585*108 of Arkansas land trust notes.

—(V. 28, p. 18; V. 29, p. 293,433, 538; V. 30, p. 192, 222, 273, 322,
409, 544. 650; V. 31. p. 123, 151, 205; V. 31, p. 328. 382, 454, 583,
606; V. 32. p. 183, 368, 469, 488, 526, 553, 569, 613, 659; V. 33, p, 24,

75, 100, 125, 155, 176, 275, 304, 386, 442.)
Mobile & Ala. Grand Trunk.—Dec. 31, 1880. owned from Mobile, Ala.,
to Bigbee Bridge, 59 miles. The stock wras $450,000; 1st mortgage bonds,

$1,124,000. City Mobile bonds donated $750,000. The company has
been in default, and will be sold in foreclosing unless reorganized with¬
out sale. The plan proposed for the issue of newr stock aud bonds is
iven at length in the Ciikonicle, Y. 32, p. 636. Francis B. Clark,
’resident, Mobile, Ala. (V. 30, p 222; V. 32, p. 636.)
Mobile & Girard.—May

31,1881, owned from Columbus, Ga., to Troy,

Ala., 8 4 miles. Common stock, $987,164; preferred stock, $279,900, and
$5,080 Pike County stock. Second mortgage bonds are endorsed by
Central RR. of Ga. Gross earnings in 1878-9 were $195,907 and net
earniugs, $60,335. In 1879-80 gross earnings $228,039; net, $78,704.
In

$2,552,447
$1,201,925
186,297
P In Oct., 1880, quarterly dividends at the rate of lLj p. c. were begun. The
consolidated mortgage above is for $30,000,000—trustees John F. DHlon
Net earnings
Interest payments
Dividend payments

& D.

A. N.

Aug. 1, 1892

1877.

sas

Earnings from other sources

1, 1889

1894*

J. New York & London.
J. N. Y., Nat. City Bank.
do
do
D.

&
A
&
&

J.

'

952,211
428,833

-(V. 30, p. 67, 117, 295, 556. 567, 650; Y. 31, p. 382,
510, 535, 588, 606; V. 32, p. 101,183, 205, 335, 421, 469,
652, 659, 685, 686; V. 33, p. 47, 74, 201, 358, 404, 412.)

$
4,500,422

Aug., 1888

July, 1891
May 1, 1892

& J.

J.
J.
J.
F.

6 g.
7
7
7

600,000

....

Y., B’k of Commerce.

F. & A. N.Y.,Office 20Nassau st
M. & N. New York or London.
J. & D. New York, Co.’s Office.
do
do
J. & D.
do
do
J. & J.
do
March.
do
do
do
March.
do
do
A. & O.
i

g.
g.

2*2

3,022,517
5,320,600
7,000,000
5,300,000
1,850,000

1,000

J.

7 g.
8
4

800,000

100
100

....

7
7
7
7
7
7
6
5

4,140,090
(?)
450,000
1,124,000
300,000

100

bonds and U. P. S. Br. bonds draw five per cent only till
Earnings for five years past were as follows:
Miles.
Years.
Gross Earn’gs.
Net Earnings

1877.

July 1, 1881

‘

4,054,937

....

....

....

do
do

1,000

1882.

are as

Dividend.

7

1,000

8

250,000

7*6

in gold

and Edward D. Adams. The bonds are issued to
bonds of the consolidated company, as above

Stocks- Last

Payable, and by
Whom.

Payable

479,000
650,000

2,573,000
800,000
700,000
3,828,000
5,000,000

....

1870

1*3
0 g.
7

7,000,000

1,000
1,000
500 &c.

The M. K. & T.

Total

Bonds—Princi¬

pal,^When Due.

7
7
6 g.
6 g.

6

6,534,000

28,169,800

1,000
1,000
1,000

210
310
99
71
304

not cumulative

786
786
786
786
786

Where

Nov. 1, 1919
Sept. 1, 1909

6 g.
8

(?)

100

....

When

M. & N. N Y., National City B’k
M. & S. N Y., 26 Exch’ge Place.
M. & S.
New York, Office.
Q.-J.
F. <fc A. N.Y., Mercantile Tr. Co.
J. & J. N.Y., Imp.&Tr. Nat. Bk.
M. & N.
do
do
St. Louis.
mont’ly
M. & N. N.Y., Imp.& Tr. Nat. Bk.
M. & N.
New York Agency.
A. & O.
do
do

500 <fcc.

1876
1880
1873

43

pref. income bonds,reg.(cumulative)
n ort. (for $32,036,000)

do

Outstanding

Rate per
Cent.

409,000

General consol,

do

•

1868
1871
1872

Amount

Value.

21

Mobile <t Alabama Grand Trunk—Stock
1st mortgage bonds ($20,000 p. m.), coupon
Mobile & Girard—2d mort., end. by Cent. Ga. RR..
3d mortg. bonds
Mobile <£ Montg —Stock
Mobile d Ohio—Stock

3d

1879
1879
1881

or
Par

15^

•

New mortgage, principle payable
1st pref. inc. and s. f. debentures,
2d
do
do

•

299
708

2d mor., gold, coup., may be register
Ark. Branch, 1st mort., gold, land gr”
Cairo Ark. & Tex., 1st, gold, cp. or reg.

2d

•

....

Consol. M., gold, for $30,000,000 (coup, or reg.)
Carondelet Branch, 1st mortgage
Missouri River RR., 1st mort
Leavenworth Atch. & N. W., 1st mort., guar...
St. Louis & Lexington, 1st mort...
Kansas City & Eastern, 1st mort
St. Louis Kansas & Arizona, 1st mort
Lexington & Southern, 1st mort
St. L. Iron Mt. & So., 1st mort., coupon

XXXIX

INTEREST OR DIVIDENDS.

Size,

....

283
283

- - -

•

Debt to St. Louis
3d mortgage

Date

of
of
Road. Bonds

.

Missouri Pacific—Stock

BONDS.

AND

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

Subscribers will confer a great flavor
DESCRIPTION.

STOCKS

1880-81, gross, $275,846; net, $86,673.

(Vol. 29, p. 40; V. 33, p. 73.)

Mobile <£• Montgomery —Dec. 31,1879, owrned from Montgomery, Ala.,
to Mobile, Ala., 179 miles. Default was made on the bonds in 1873 and
the road was sold in foreclosure Nov. 16,1874, and purchased by bond¬

holders, who organized this company on a stock basis. The road has done
well, and in Nov., 1879, $1,550,000 of the stock owned in this country was

purchased by parties in the interest of the Louisville &
giving the control to that company. The old
yet out is $275,000. Gross earniugs in 1879, $704,580;
—(V. 28, p. 327; V. 29, p. 608; V. 30, p. 169, 247.)
road at 80,

Nashville Rail¬
mortgage debt
net, $228,713.

Mobile <t Ohio.—June 30, 1881, owned from Mobue, Ala., to Columbus,
Ky., 472 miles, and extension (by Ky. & Temi. RR.) to Cairo, 22 miles:
branches—Artesia, Miss..to Columbus, Miss., 14 miles; Artesia, Miss.,
to Starkville, Miss., 11 miles; Muldon, Miss., to Aberdeen, Miss., 9 miles;
total operated, 528 miles. The Co. funded coupons from their bonds in
Feb., 1867, and resumed payment of interest May, 1870. In 1872 the 2d
mortgage bonds were issued to pay floating debt. A default was made
May 1, 1874, and two trustees and receivers took possession May 8,
875. The stock and bonds of the company were placed on the N. Y.
Stock Exchange list in July, 1879, and from the statement then sub¬
mitted the following revised description was taken. The new* liens issued
and to be issued are as follows: First.—New mortgage to the Fanners'

1927, interest at 6 per cent per annum in lawful money, represented
by coupons, payable June 1 and Dec. 1 each year, in the cities of New
York and Mobile. The whole amount of these bonds will be issued at
once.
Second.—Deed of trust to the Farmers’ Loan & Trust Co., as trus¬
tees, to secure four series of preferred income and sinking fund deben¬
tures, which will be issued only to the extent required to meet the out¬
standing liabilities of the Mob. & O. RR. Co., after deducting the amount
of such liabilities provided for in and by the new mortgage of $7,000,000.

Farmers’ Loan
lands (including over
INCOME ACCOUNT.
and other prop¬
$
$
$
Receipts—
$
erty not necessary for the operation of the road.
Interest at the
2,190,371 rate of 7 per cent per annum, or in multiples of 1 per cent, but
2,300,555
1,945,956
2,131,902
Disbursements—
$
$
$
not exceeding 7 pec cent in any one year on these debentures,
$
Interest on bonds....
2,222,194
2,083,899 is payable annually upon each series in the order of their priority,
1,814,600
1,740,207
Other interest
71,037 but only if earnetl in the preceding fiscal year, and is non-oumu40,438
390,199
167,027
Disc’t on con. m. bds-.
667,800
lative. The holders of debentures have one vote for each $100, and each
163,823 year they instructed the Farmers’ L. & T. Co., trustees, how to vote at
Miscellaneous.
379,257
84,660
32,825
the stockholders’ meetings upon the majority of the stock of the Mobile «k
Balance, deficit..
699,129
120,331
341,334
128,388 Ohio Railroad Company, the power to vote upon which is irrevocably
with the Farmers’ Loan & Trust Company, until the extinguishment of
GENERAL BALANCE AT CLOSE OF EACH FISCAL YBAR.
said debentures. The foregoing bonds aud debentures are issued in for¬
Assets
$
$
$
$
Road and equipm’t.. 44,960,735 45,237,716 45,694,f>08 47,321,485 bearance, extension and compromise of the present indebtedness of the
Real estate
111,675 Mobile & Ohio Railroad, the entire amount of which (excepting less than
598.313
753,582
656,977
3,556.473 3,407,968 1 per cent of the first liens and a very limited percentage of the inferior
3,742,908
3,648,008
Bills & acc’ts receiv’le
506,630
493,408 liens), with the power aud authority to avail of the decrees of the
320,564
365,822 Circuit Court of the United States, adjusting and establishing said in¬
242.313
Materials, fuel, &c...
241,383
198,311
Cash on hand
244 184 debtedness, arc assigned and transferred to the Farmers’ Loan & Trust
386,892
432,363
208,458




,

,

5,292,611

These debentures are secured by a deed of trust to the
«fc Trust Company, covering specifically the
1,150,000 acres of land donated by the United States)

Subscribers will confer a

IfilAQ

Miles

JMobile <£* Ohio.—(Continued)—
4th pref. inc. and s. f. debentures, not
Cairo extension (Ky. & Tenn. liR.)

1876-90

notes

cumulative.

Montpelier dk Wells River—Stock
Morgan'8 La.dk Texas—1st mort.,gold(N.O.to
1st mortgage,

extension, gold

M.City)

fund....

2d mortgage
Convertible bonds
Gen. ra. & 1st on Boonton Br. &c. (guar. D.L.&W.)
Consol, mort. (for $25,000,000) guar. D. L. & W..

690781187-.

Special real estate mortgage

of

Par

Road. Bonds

1879
1880

22
40
110
150
137
84

2d mort

for Jasper Branch
Nashville dk Decatur—Stock, guar’d 6 p. c. by L.

7^

do

&

mort. gold—

Naugatuck—Stock
Ntsquehoning Valley—Stock
Nevada Central—1st mort., gold (sink, f., $20,0
Nevada County—1st mortgage
Newark dk Hudson—1st mortgage
Newark Somerset dk Straitsv., O.—1st mortgage.

Newburg Dutchess dk Connecticut—Income
Newburgdk New York— 1st mortgage
New Castle dt Beaver Valley—Stock.

bond*

122
122
122
99
57
18
94
23
5
44

50
250

15,000,000
5,000,000
3,000,000
284,000
4,991,000
5,050,000
1,025,000

1,000
1,000

1,000

1,000
1,000
1,000

_

_

1870

529
529
506
506

6,968,900

10,468,635
11,312,655

1880-81
After deducting all expenses,

itpel

Wells Riv
River, Vt., 38

100
50

1879
1876

1,000

1869

500 &C.
•

.

i2
15

•

•

272.)

|

50 1

....

*Net

Earnings.

$163,226
376,321
379,468

824,966
815,330

1876-90.

600,000
2,000,000
1,300.000
720,000
200,000
250,000
800,000
1,104,500
250,000
700,000

7
7
7
7
7
7
4
6
3
4
6
7
6
6
6
8
3
7
6 g.
7 g5

miles. Reorganized January, 1877. D. R.

Sortwell,

1879, $84,520;

Where

When

Stocks—Last
Dividend.

Payable, and by

Payable

Whom.

Yearly.

New York City.
do
do
Boston.
New York.

J.

& J.
m

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

m

»

•

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

&
&
&
&

&
&
&

&

do
N.

1892

Feb., 1880

April 1, 1918
July 1, 1920
July 1, 1881
May 1, 1914
Aug. 1, 1891

«

Y., Del., Lack & W.
do
do

do
do
do
do
do

1900
Oct., 1901

Jan. 1,

uo

do
do

June 1,1915

...

May 2. 1881
Boston & Nashua.
M. & N.
F. & A. Bost. .Parker&St’ckpole. Aug. 1. 1893
A. & O. New York & Nashville. Oct. 1, 1881
June, 1891
J. & D.
Washington.
1881 to 1886
J. &"J. N. Y., Metrop. Nat. Bk.
do
do
July 1, 1913
•T. & J.
do
do
July 1, 1901
J. & J.
Jan. 1, 1917
do
do
J. & J.
Jan. 1, 1917
do
do
J. & J.
Feb. 1, 1907
do
do
J. & J.
June, 1881
J. & D.
July 1, 1900
J. & J. N. Y., Drexel, M. & Co.
Oct., 1887
A. & O. Nashville, Co.’s Office.
A. & 0. N. Y., Bank of America. April 1, 1910
July 3, 1881
J. & J.
Bridgeport, Conn.
M. & S. Philadelphia, Co.’s office Sept. 1. 1881
3*2
Oct. 1, 1904
6 g. A. & 0. N. Y., Hatch & Foote.
Jan. 1, 1896
8
6
Nov. 1. 1889
7 g. M. & N. N. Y., Union Trust Co.
I

'm

m

m

7

(D

Q.-J.

N.Y.,Office N.Y.L.E &W
Newcastle, Penn.

receipts
Operating and extraordinary expenses

Gross

Oct., 1881

$2,256,186
1,811,780
$444,405

*

Surplus over operating expenses
Interest and taxes

$541,514

Earnings for five years ending June 30 were as

follows:

Gross

Years.
1876-7
1877-8
1878-9
1879-80

Miles.

1880-81

Net

Earnings.
$1,632,277
1,871,809
1,736,723
2,099,155

Earnings.

528

341
454

454
508

Div’d

p.ct.
3
2
3

$682,302
767,995

715,135

3*2

914,407

878,009
2,256,186
-(V. 30, p. 91, 222, 248, 357, 675; V. 31, p. 328, 380, 429, 588 ; V. 32,
p. 39, 231, 232, 313, 335, 437, 553, 685, 686; V. 33, p. 101,176, 201,
304, 329, 356, 442.)
•

•••

t

Nashville dk Decatur.—June

222, 434; V. 31, p. 153,257, 559 ;

President. East Cambridge. Mass. Gross earnings in
net, $19,558; in 1880, gross, $86,479; net, $20;629.

178,000

500 &c.

including extraordinary.

—(V. 29, p. 41. 120. 250; V. 30, p.
Y. 33, p. 176, 281, 329, 358.)

1,900,000

500

Gross
Freight (ton)
Earnings.
Mileage.
61,388,247 $2,072,634
2,098,540
70,706,581
1,830,620
58,339,703
2,284,615
80,406,765
2,377,817
86,956,914

9,004,770
8,715,315

90,000
1,827,000

1,000

1867

payable 3*3 Sept. 1,1881, and 3*2 February 1,1882; also 2 per cent on
1882.
The last annual report was published in the Chronicle of September
10, 1881, V. 33, p. 281. Operations for live years ending June 30 :
Mileage.

300,000

_

2d incomes, payable Feb. 1,

Passenger

308,000

1,000
1,000

$10,000,000, or 100,000 shares of $100 each, of which there have been
issued 53,206 shares. The debentures are secured by a deed of trust of the
land.about 1,143,222 acres, and receive7 percent, if earned.
In August, 1881, 7 per cent was declared on 1st preferred incomes,

Miles.

6,670,325
500,000
406,000
5,894,000
1,000,000

1,000

_

3^

800,000
200,000

10,000

Company, as trustees, for the further security of the bonds and deben¬
tures herein referred to. The capital stock authorized by the charter is

Years.

1,800,000

500 &c.

,

1880

7
6
2
7
6 g.

5,000,000

25
1871
1857
1873
1881
1877
1877
1877

Cent.

600,000
800,000

ioo

463
340
151
340
321
88
30

Bonds to U. S. Government, 2d mort
Bonds endorsed by Tenn
1st mort. (for $6,800,000), coup

Rate per

$900,000

1,000
1,000

1864
1866
Var’us
1871
1875

34
137

Amount

Outstanding

$....

1878
1880

84

Value.

1873

Bonds for freight depot (gold)
Nashville Chattanooga dk St. Louis—Stock

1st mort. guar. s. f
2d mortgage
Natchez Jackson dk Columbus.—1st

Size, or

UUiLQ

of

54

Nashua dk Lowell—Stock

do

discovered In tbese Tables.

INTEREST OR DIVIDENDS.

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

Moms dt Essex—Stock
1st mortgage, sinking

Vol. xxxiu

Immediate notice of any error

great fhvor by giving

DESCRIPTION.
For

STOCKS AND BONDS.

RAILROAD

xl

30,1879, owned from Nashville, Tenn., to

Decatur, Ala., 122 miles. The road was leased May 4, 1871, to the L.
& N. RR. for 30 years from July 1, 1872, at a rental of 6 per cent per
annum on the stock, to begin after the completion of the So. & North Ala.
RR., and the first dividend under this arrangement was paid April 1,
1875. The lessee assumed all the debt of the Nashville & Decatur Co.

1881, built from Natchez,
In progress to Jackson and

Natchez Jackson & Columbus.—February,

(V. 30, p. 169, Miss., beyond Martin, Miss., 50 miles.
bonds sold in New York by

Britton & Burr.

ip Co.—October, 1881,
Naugatuck.—Sept. 30, 1880, owned from Naugatuck Junction to
.owned from New Orleans to Morgan City, 80 miles, and branches 30 Winsted, Conn., 50*2 miles; leased, Watertown & Waterbury RR., 4*2
miles; total, 110 miles; extension, Morgan City to Alexandria?La., 150 miles; total operated, 66 miles, 5 miles of N. Y. N. H. & Ilartf. being used
miles; total, 260 miles.
This company’s application to the New between Naugatuck Junction and Bridgeport. Has no bonded or floating
York Stock Exchange, July, 1881, stated that: “The company’s debt.
Operations and earnings for four years past were as follows:
property consists of sixteen iron steamships, five of which ply
Net
Div.
Gross Passenger Freight (ton)
between New York and New Orleans, nine between Morgan City,
Earn’gs. p.o.
Mileage.
Earnings.
Years.
Miles.
Mileage.
La., and the various Texas and Mexican ports, and two between New
10
4,308,194 $520,820 $207,759
66
5,899,088
Orleans, Florida and Havana ports; also four large ferry boats, tugs,
206,301
10
477,834
5,742,605
66
6,214,917
dredge boats, wharves,warehouses, and terminal facilities, besides nearly
222.275
10
499.188
66
7,366,813
6,322,281
the entire capital stock of the Gulf Western & Pacific Railroad, Texas
242,063
10
592,151
66
8,489,903
7,297,580
.

Transportation Railway Co., Buffalo Bayou Ship Channel Co., and a
majority interest in the capital stock of the Houston & Texas Central -(V. 31,
Railway Co., &c. It operates 216 miles of completed road in Louisiana,

,

l

p.

..

509, 557.)

Nesquchoning Valley—Dec. 31,1880, owned from Nesquehoning Junc¬
and has 44 miles under contract.
The capital stock is $5,000,000.
tion, Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, Hauto, Pa., to
Chas. A. Whitney, President, New Orleans, La. (V. 33, p. 100.)
Lansford, Pa., 1 mile; total operated, 18 miles. Opened in 1870, and
Morris dk Essex.—Dec. 31,1880, owned from Hoboken, N. J., to Phillips- was leased for 999 years to the Lehigh Coal & Nav. Co. at a- lease rental
of $130,000 per annum, but with an option for the lessees to terminate it
burg, N. J., 84 miles; branch, Denville, N. J., via Mor. & Es. Tunnel, to after
1878. In 1879 the lease was modified so as to pay 7 per cent a
Hoboken, N. J., 34 miles; total operated, 118 miles. In 1868 this road
year only. (See terms, Y. 29, p. 18.)
was leased in perpetuity to the Del. Lack. & W. IiR.
The lessees assume
all liabilities of the Mor. & Essex RR. and pay 7 per cent per annum on
Nevada Central.—Dec. 31,1879, owned from Battle Mountain to Ledthe capital stock, and they also agreed to pay 8 per cent in case the lie, Nev., 86 miles; branch, Lerllie, New, to Austin, New, 7 miles; total,
Morris & Essex earns 10 per cent on its stock in any one year after the 93 miles. Bonds admitted to N. Y. Board April, 1880.
(V. 30, p. 409.)
year 1874. Earnings for five years past were as follows:
Net
Gross
Drv
Nevada County—Dec. 31,1880, owned from Colfax to Nevada City,
Years.
Miles.
Earnings.
' Earnings,
p. <
Col., 23 miles, narrow gauge. In 1880 gross earnings were $115,655;
$3,452,319
$1,184,723
121
net, $41,168. Stock, $242,200. J. C. Coleman, President, Grass Valley,
1,222,507
Col.
121
3,368,441
1878...
121
2,710,117
782,328
Newark dk Hudson—Dec. 31,1879, owned from Bergen Junction to
121
3,515,097
1,559,354
Newark, N. J., 6 miles. Leased to New York Lake Erie & Western at a
3,823,652
1.446,193
121
rental of $33,000 per annum, which pays interest on bonds and 7 per
The loss to lessee in 1879 was $900,701; in 1880, $1,012,416.
(Y. 2
cent on the stock of $250,000.
Cortlandt Parker, Pres’t, Newark, N. J.
p. 451 ; V. 30, p. 566; V. 32, p. 183, 577.)
Newark Som. dk Straitsv.—Sept. 30,1879, owned from Newark, O., to
Nashua dk Lowell— March 31, 1880, owned from Lowell, Mass., to Shawnee, O., 44 miles. Road was completed in 1871. Leased to Sandusky
Nashua, N. H., 15 miles; leased—Stony Brook RR. 13 miles; Wilton RR., Mansf. & Newark for 14 years from Jan. 1,1872. Operated by the Balt.
16 miles; Peterborough RR., 10 miles; total operated, 54 miles. & Ohio, which pays
30 per cent on gross earnings, and advances any
The road was operated with the Boston & Lowell till Oct. 1,1878. On additional amount necessary to meet the interest on the debt. Capital
October 1,1880, a lease for 100 years to the Boston & Lowell was stock, common, $783,900, and preferred, $189,550. Gross earnings ill
made. There are also $100,000 5 per cent bonds due July 1,1900, and 1877-8, $135,295; net, $50,749 ; deficit to lessee, $5,251.
the company holds $300,000 cash assets against the debt. Operations
Newb. Dutchess dk Conn.—Sept. 30,1880, owned from Dutchess June.,
and earnings for three years past were as follows:
N. Y., to Millerton, N. Y., 59 miles. The Dutchess & Col. RR. was sold
Passenger
Freight (ton) Gross
Net
Div.
8, 1877, by the
Years.
Miles.
Mileage.
Mileage.
Earnings.
Earn’gs. p.c Aug. 5. 1876, and this company was organized Jan.were $135,823; pur¬
chasing bondholders. In 1877-8 gross earnings
net,
54
10,832,906
7,526,444
481,358
140,306 2
$5,921; in 1878-9, gross, $164,488; net, $18,546; in 1879-80, gross,
7,733,360
54
6,610,125
377,006
168,793 6
preferred
54
9,281,579
6.224,991
391,923
160,152 Gh $166,231; net, $29,040. The common stock is $172,000 and Y.
stock $715,350. John S. Schultze, President, Moor’s Mills, N.
—(V. 29, p. 459; V. 31, p. 67, 482, 509; V 32, p. 16, 43, 335.)
Newburg d: N.Y.—Oct. 1, 1879, owned from Vail’s Gate Junction to
Nashville Chattanooga dk St. Louis.—June 30, 1881, owned from Chat¬ Greenwood Junction, N. Y., 13 miles. Leased October 5, 1866, to Eric
RR., at $17,500 per annum, and operated now by N. Y. LakeE. & West.
tanooga, Tenn., to Hickman, Ky., 321 miles; branches—Wartrace, Tenn
to Shelbyville, Tenn., 8 miles; Bridgeport, Ala., to Victoria, Tenn., 19 Nominal stock, $500,000.
miles; proprietary lines—Nashv. to Lebanon, 30 miles; McMinnville to
New Castle dk Beaver Val—Dec. 31,1880, owned from Homewood, Pa..
Manchester, 35 miles; McMinnville to Cauey Fork, 13 miles; Decherd
to New Castle,'Pa., 15 miles. Road in operation since 1860.
Leased to
to Fayettev., 40 miles; Centreville Branch, 20 miles; Duck River RR
(leased), 35 miles; total, 521 miles. The debt to the United States and Pittsb. Ft. W. & Chic. RR. for 99 years at a rental of 40 per cent on gross
the bonds endorsed by Tennessee are secured by deposit in trust of this earnings. Lease transferred to Pennsylvania Company. There is no debt.
In 1878, 24 percent in dividends was paid; in 1879, 13 per cent; in 1880,
company’s first mort. bonds. Following is a statement of receipts, &c.
13 p. c. Gross earnings in 1880, $325.783; rental received, $130,313.
for the year ending June 30,1881:




•

•

RAILKOAD

1881.]

October,

STOCKS AND BONDS.

xli

Subscribers will confer a great favor by giving Immediate notice of any error discovered in tbese Tables.
DESCRIPTION.
For

Miles

explanation of column headings, &o., see notes
on

first page

of tables.

Bonds

187-90

coupon
convertible, tax free,

coupon

N. J.

Southern— 1st mort. (int.

guar, by

N.Y.A L.B.)

Branch & Sea Shore, 1st mort., guar
New London Northern—Stock
ixmg

1st mortgage

cSnsol. mortgage (for $1,500,000)

17

30.
78

New Orleans Mobile d Texas—1st mort., gold
2d mortgage, debenture (non-cumulative), reg...
N. Y. d Canada—1st M., sterling, guar. D.&H. Can.
New York Central d Hudson River—Stock
1,000
Premium bonds
(N. Y. Central)
Bonds, B. & N. F. stockholders
do
Bonds railroad stock (N. Y. Central)
Bonds real estate
do
Renewal bonds
2d mortgage, sinking fund (Hudson River)
840
S $30,000,000 ) coupon or regiaNew mortgage j
840
tered.
N. Y. Chicago d St. Louis—Stock (for $40,000,000)
N. Y. City Elevated—Stock
—

....

....

....

....

....

....

^oooiooo 1

....

1869
1879
1870
..

1880
1879
1869
...

1865
1872
1880
1880
1880
1874

1,000
1,000
1,000
1,000
500 Ac:
600

1,000
100
lOOAo.
500 Ac.

1,000
1,000
1,000

1853
1854
1853
....

1854

£100Ac

500 Ac.
500 Ac.

1,000

1873
1873

1,000
1,000

....

1880

500 Ac.

40

1875

10,500,090

7
7
7

132
—

132

100 Ac,

1872

1,000

1861

500 Ac.

5

....

Faiyningtoii, Conn., to New Hartford, Conn., 14 miles; Simsbury, Conn.,

to Tariffville, Coun., 1 mile; South Deerlield to Turner’s Falls, 10 miles;
Northampton to Williamsburg, 8 miles; leased, Holyoke & Westfield
RR., 17 miles; total operated, 144 miles. In April. 1881, a control
of the road was sold to N. Y. New Haven & Hartford parties. See
Y. 32, p. 421. Operations and earnings for three years past as follows:

Freight (ton)
Mileage.

11,889,310
14,942,798
16,365,182

Gross

107,704
249,000

....

Net

Earnings. Earnings.

$548,200

$206,547

588,280

222,207

694,506

276,287

-(V. 28, p. 40, 401; V. 30, p. 43; V. 32, p. 99, 421.)
New Jersey <£ New Tor k.—November, 1880, owned from Jersey City (Erie
Junction), N. J., to Stony Point, N. Y., 30 miles; leased. Nanuet & New
City RR., 5 miles; total operated, 35 miles. Organized Sept. 4,1874, by

consolidation of the Hackensack A N. Y. RR. and the Hackensack A
N. Y. Extension Railroad; Receiver appointed in 1877. The Hackensack
A New York Railroad was sold in foreclosure August 14,1878, and was
leased in perpetuity to this company, and now forms part of main line.

Reorganized in 1880, witli above debt. Gross inl880, $182,012; net,
$15,529. (V. 29, p. 459, 538; V. 30, p. 248, 385, 566 ; V. 32, p. 611.)
New Jersey Southern—Dec. 31,1879, owned from Red Bank, N. J., to
Atsion, N. J., 54 miles; branches—Eatontown to Long Branch, 5 miles;
Atsion to Atco, 9 miles; Manchester to Barnegat, 22 miles; other roads:

N.Y.,Farmers’ L. AT. Co.

April.

M. A N.

London. Baring Bros.

Q.-J. N.Y., Gr. Central Depot.

M.
M.
M.
M.

A
A
A
A

N.
N.
N.
N.

J. A
J. A
J. A
J. &

D.
J

D.

J.

do
do
do
do
do
do
do
do
do
do
do
do
do
do
London.

May, 1930
May 1.1901
Oct. 15. 1881

May 1,1883
May 1,1883
May 1,1883
May 1,1883
Dec. 15, 1887
June, 1885
1, 1903
1, 1903

Jan.
Jan.

....

7
6
7
7
4
3

100 Ac.
50
50

pal, When Due.
Stocks—Last
Dividend.

....

2*2

....

|

Various N. Haven, Mecli. Bank.
1898 to 1900
New Haven.
Oct., 1873
J. A J.
do
Jan., 1899
A. A O.
do
April, 1882
do
A. A O.
Apr.1’91 A’98
A. A O.
do
April, 1, 1909
M. A N. Jersey City, Co.’s Office.
1910
J. A J. N. Y., Cent.of N.J.Offlce July 15,1899
New York.
J. A D.
Dec. 1, 1899
New London, Office.
Oct. 1. 1881
Q.-J.
A. A O. N. Y., B’k of N. America
Sept., 1885
J. A D.
do
do
July. 1892
J. A J.
do
do
July, 1910
J. A J. N. Y., Drexel M. A Co. Jan. 1, 1930

0 )
8,500,000
3,427,000
900,000
1,800,000
7,950,000
1,500,000

earnings in 1879-80, $122,886; net, $48,776.
New Haven & Northampton—Sept. 30,1880, owned from New Haven,
Conn., to Bardwell’s Ferry, Troy & Greenfield RR., 95 miles; branches—

109
144

9,733,333
6,500,000

Derby—Sept. 30,1880, owned from New Haven, Conn.,

109

6
6
6
7
7
6 g.

100

to Ansonia, Conn., 13 miles.
Road opened Aug. 9,1871. Capital stock
is $447,100. New Haven City guarantees the $225,000 seoond mort¬
gage bonds. Gross earnings In 1878-9, $106,478; net, $52,585; gross

Mileage.
5,455,832
4,727,857
5,644,750

6 g.
2
6
6

74,500

....

Where Payable, and by
Whom.
Payable
When

6

3,000,000
4,000,000
89,428,300
6,632,300

1,000

....

Miles.

387,500

1876

....

New York Housatonic d Northern—1st mortgage...

Years.

1*2
6
7
5
6 g.

52*2

Sinking fund

Passenger

7
3
7
6
6 A 7
6
6
6
7

$525,000
2,460,000
1,300,000
100,000
260,000
1,200,000
275,000
1,449,600
200,000
1,500,000
300,000

592,000
162,000
2,391,000
1,422,900
20,465,000

1,000
1,000
....

....

Cent.

812,000
5,000,000

$100

....

c

Consol, mort., coup, or reg., (for $12,000,000)

New Haven &

100

Rate per

18

1st mortgage, $ or £
N. Y. City d Northern—General mort
New Yorl* d Greenwood Lake— 1st mortgage
2d mort., income
New TP(trk d: Harlem—Common stock
.

Preferred stock

Amount

Value. Outstanding

....

....

100
100
100
121
147
141
113

bonds

or
Par

68A70 $500ac.

....

“

INTEREST OR DIVIDENDS.

Size,

Road. Bonds.

....

Holyoke AW.,leased, 1st M.t$60,000 6s, ’98 guar.)
Consol, sinking fund and mort. bonds
New Jersey d New York— 1st mort. (reorganization)
"

of

13
127
92

New Haven d Derby— 1st & 2d mortgages
New Haven d Northamp. (canal RR.)—Stock

“’Mortgage bonds,

Date

of

Q.-J. N.Y., Treasurer’s Office.
J.
M.
F.
M.
J.
J.
M.
.T.

A
A
A
A
A
A
A

J. N.
N. N.

Y., Corn Exch. Bank.
Y., Company’s Office.
A. New York, Co.’s Office.

do
S.
do
J. N.Y., Gr. Central Depot,
J.
do
do
N.
do
do
A J.
do
do

Apr.'1,1881
Jan.

1.

1906

Majr 1, 1910

July 1, 1881
Aprii 1, 1881
May, 1900
Jan.

1,1881

....

1,1869.

The New York Central was a consolidation of several roads,
special law of April 2,1853. The Albany A Schenectady Rail¬
road opened September 12,1831,'as the Mohawk A Hudson. It was the
first railroad built in the State of New York. The famous scrip divi¬
dend of 80 per cent on the capital stock was made in December, 1868,
and on the consolidation with the Hudson River road (Nov. 1, 1869) a
further dividend of 27 per cent was distributed on the N. Y. Central
stock and 85 per cent on the Hudson River stock. The mortgage for
$40,000,000 was issued to lay the third and fourth tracks, with a
sufficient balance retained by the company to retire all prior bonds. In
November, 1879, 250,000 shares ($25,000,000) were sola to a syndicate
of bankers by Mr. W.H. Vanderbilt at the price of 120. and 100.000
under

shares

a

more

afterwards.

1880.
Jan
Feb

135

-129

13312-130
-1293s
April.... 136 -12912
March... 137

May
June

Prices of stock have been:

1881.

1880.

155

-14712
15114-140
148%-x42*2
147 -14078

July
132i2-126i4
August.. 13412-12838
Sept’ber 133 xl28is
.

1881.

146%-141ie
14514-14112
14512-14138

October
13818-1293*
Nov’ber
15238-145
14712-135
131 -122
129%-122i4 15138X145 Dec’ber.. 15538-139%
REVENUE ACCOUNTS—1875 TO 1880—FIVE YEARS.
.

.

Year
ending Passenger

Net Income, DiviGross
Freight (ton)
over exp., dends,
Sep. 30. Mileage.
Mileage.
Earnings. int.Arents, p. c. Surplus.
1876.353,136,145 1,674,447,055 $28,046,588 $7,213,075 8
$73,547

1877.316,847,325 1,619,948,685 26,579,085 6,943,347 8def. 197,312
1878.300,302,140 2,042,755,132 28,910,555 8,038,445 8
898,917
454,957
1879.290,953,253 2,295,825,387 28,396,583 7,594,485 8
1880.330,802,223 2,525,139.145 33,175,913 10,569,219 8 3,427,706
-(V. 29, p. 563, 655; V. 30, p. 17, 92,170, 357, 494, 589, 624; V. 31,
p. 95,143, 196, 329, 510, 662, 671; V. 32, p. 15, 437; V. 33. p. 425.)
New York

Chicago d St. Louis.—This is the oompany formed in 1881,

Sandy Hook to Long Branch, 11 miles; Beach Track, 2 miles; Atsion to building the
Bayside, 46 miles; total operated, 150 miles.

The property was sold
in foreclosure March 31,1879 (see Chronicle, V. 28, p. 352), and the
present company was organized July 25, 1879, with Judge Lathrop,
receiver of the Central of New Jersey, as president. The capital stock
is $
The property is subject to $120,000 on the Tom’s
River Railroad and $200,000 on the Long Branch A Sea Shore RR.
This latter bond is endorsed by the United Companies of New Jersey.
The above mortgage is for $1,590,600, of which$1,449,600 have interest
guaranteed by the New York & Long Branch Railroad by endorsement
of the bonds. The road is now operated as a part of the Central New
Jersey system. (V. 28, p. 146, 173,352; V. 29, p. 121; V. 32, p. 121.)
New London Northern.—September 30,
1880, owned from New
London", Conn., to Brattleboro, Vt., 121 miles, of which 100 miles
leased to J. G. Smith and others.
This road has been operated
since December 1, 1871, under lease to the Central Vermont Rail¬
road; the lease was lor 20 years at $155,000 per year. Consolidated
.

new line of road from Buffalo to Chicago. Of the above
stock $15,000,000 is pref. 7 p. ct., but the issues have not yet been made,
and may be changed. The “ subscriptions” to the stock, or rights, have
been quoted much above par.
(V. 32, p. 421, 553; V. 33, p. 176, 255.)

New York City Elevated —Sept. 30, 1879, owned from South Ferry,
N. Y., east side, to Harlem River, 10 *4 miles; west side, to Eightythird St., 614 miles; branch, 1 mile; total, 17*2 miles. The property was
leased to the Manhattan Railroad, with a guarantee of 10 per cent divi¬
dends on the stock. The last report of operations, for the year ending

Sept. 30,1879,‘■was given in the Chronicle, V. 29, p. 630. Passengers
carried in J879, 29,875,912. For the first quarter of 1880, see Man¬
hattan Elevated on page 37. Total real cost of this road to January,
1880. is estimated to have been $8,719,038. (V. 28, p, 302, 526, 553,
579; V. 29, p. 407, 511, G30; V. 30, p. 144, 357, 385, 544; V. 31, p. 68,
95, 123,301, 329, 358, 405; V. 32, p. 70, 468, 552, 647, 685 ; V. 33, p.
2-1, 47, 74, 124, 176, 282, 304, 385, 397, 401.)
New York City J Northern—Deo. 31, 1880, owned from 157th Street
inert, bonds issued to retire all other funded and floating debt and to
in Stli Avenue,'N. Y. City (connecting with Metropolitan Elevated), to
pay for branch recently-purchased from Vermont A Mass. RR. Opera¬
This company was organized March 1,
Brewster’s, N. Y„ 52 miles.
tions and earnings for four years past were as follows:
Passenger
Freight (ton)
Gross
Net
Div. 1878, and acquired the N. Y. Westchester A Putnam (formerly the
Years.
Miles.
Earnings. Earnings. p. c. N. Y. A Boston Railroad), sold in foreclosure March, 1876. The com¬
Mileage.
Mileage.
1876-7.... 100
0*2 pany in May, 1880, leased the West Side A Yonkers road for 999 years,
12,109,737 $507,889 $137,135
5,941,778
aud the consolidated mortgage was issued to take up all the other bonds,
1877-8
100
6
4,765,081
11,610,469
470,455
129,609
of which $352,500 under a prior mortgage were outstanding March 1,
6
1878-9.... 100
159,184
3,927,511
12,637,957
470,102
1881. Stock is $3,000,000. (V. 27, p. 172; V. 30, p, 109,519,544,
1879-80
100
6
591,346
0*144,189
18,975,296
179,030
651; V. 31, p. 95 ; V. 32, p, 101, 265, 288, 500.)
—(V. 30, p. 169, 381, 409.)
New York d Greenwood' Lake.—Dec. 31, 1880. owned from Jersey City,
New Orleans Mobile d-Texas.—Dec. 31, 1880, owned from Mobile to
New Orleans, with branch to Pontchartrain, 147 miles. The old company N. J.. to Greenwood Lake, 40 miles; extension. New York Lake Erie
defaulted in 1874, and the property was sold in foreclosure April 24, A Western. Ik' miles; total operated, 41*2 miles. Branch to Orange,
N. J., opened in 1881. This was the Montclair Railroad, opened in
1880, and this company organized. Stock is $4,000,000. The road was
leased May 8, 1880, to Louisville A Nashville, which operates it. The 1874. It was sold and reorganized as Montclair A Greenwood Lake,
L. AN. sold its own $6,000,000 bonds secured on this road, against and again sold October 12, 1878, and the present company organized.
which a mortgage of same amount is held in trust for the L. & N. The The New York Lake Erie A Western purchased a controlling interest
in the property and now operate it. The holders of the second mort¬
second mortgage debentures can be paid off before maturity.
(8ec full
gage bonds have a right to pay off the first mortgage bonds of $900,000
stateinentjn Chronicle, V. 31, p. 328.)
at 105, and thus gain control of the property.
(Sec Vol. 27, p. 172,
New York d Canada.—Dec. 31, 1880, owned from Whitehall, N. Y., to
228.)
It was reported that the New York Lake Erie A Western pur¬
Rouse’s Point, N. Y., 113 miles; branches: Ticonderoga, N. Y., to Lake pose
extending the road and making it an important part of their
George, N. Y., 4 miles; Plattsburg, N. Y., to Ausable, N. Y., 20miles; line. In 18S0~the gross receipts were $133,452; expenses, $155,071.
West Cliazy to Province line, 13 miles; total operated, 150 miles. This
—(V. 30, p. 409, 566; V. 31. p. 559; V. 32, p. 611 )
company was organized March 1,1873, as successor of the Whitehall A
N. Y. <(: Harlem.—Sept. 30, 1S79, owned from N. Y. City to Chatham,
Plattsburg and the Montreal & Plattsburg railroads. The whole line N. Y., 127 miles. From Chatham to Albany, 24 miles, the Bost. A Alb.
was completed Sept. 18,1876.
The road is virtually owned by the Dela¬ RR. is used. This company owns 5*2 miles of street railroad on the
ware A Hudson Canal Company, which guarantees the bonds. The stock
Fourth Avenue. The property (except the horse railroad) was leased
is $4,000,000. Earnings in 187*8-9 were $127,502; in 1879-80, $294,984.
April 1, 1873, for 101 years, to the N. Y. Central A Hudson River RR.,
-(V. 29, p. 581; V. 31, p. 357, 483; V. 32, p. 98.)
at a yearly rental from the lessee of 8 per cent dividends on the stock and
New York Central d Hudson.— Sept. 30,1880, owned from N. Y. City to the interest on the bonds. The Fourth avenue horse railroad, together
Buffalo, N. Y., 442 miles; branches on N. Y. Cent, division, 298 miles; with valuable real estate, was retained by this company, and extra
total owned, 748 miles; lines leased—Troy & Grecenbush, 6; Niagara dividends are paid out of the receipts therefrom annually m April. All
Bridge & Canandaigua, 98; Spuyten Duyvil & Port Morris, 6; N. Y. & operations of the main road arc included with those of the N. Y. Central
Harlem, 127; Lake Mahopac, 7; total, 245 miles; grand total, 993 miles. A Hudson. (V. 28, p. 18.)
The second track owned is 508 miles; third track, 270 miles; fourth
N. Y. Housatonic d Northern
Sept. 30, 1879, owned from Danbury,
track, 236 miles; turnouts, 511 miles—making a total of 2,520 miles of Conn., to Brookfield. Conn., 5*2 miles. Foreclosure sale made in April,
track owned by the company. This company was formed by a consoli¬ 1880, for $111,000. to Horace Bridgeman. (V. 30, p. 118, 248 323* 384;
dation of the New York Central and the Hudson River railroads October V. 32, p. 368; V. 33, p. 47.)




..

—

great favor by

Subscribers will confer a

DESCRIPTION.
For

explanation of column
first page

on

AND BONDS.

STOCKS

RATTED AT)

xlii

of tables.

1881

a

a

(D
(V

„

$77,083,800
8,156,725
2,482,000
1,000
2,150,000
1,000
100
100

118877-9-900.
O.

"Pi*AfAproil QtAA lr

1847
1879
1853
1857

(extended in 1867 to i.897)
convertible (extended in 1879)

1st mortgage
2d mortgage,

Sd mortgage
4th mort., conv. (extended
5th mortgage, convertible
Buffalo Branch Bonds

in 1880 at 5 per cent)

1861

mortgage

Long Dock Co.

500 Ac.
100 Ac.

1863
1870

1,000
1,000

1858

459

1st consolidated mortgage, gold
do
funded coupon
do
N. Y. L. E. AW., new mort., gold, 2d
do
do
do
do fund. coup,
do
income bonds (non-cumulative).
New York <6 Long Branch— Stock

1878
1878
1878
1878

bonds
consol

500
500
500
300

auth’rized)

N.Y. <t N. England—Stock ($20,000,000
1st mortgage, new ($6,000,000 are 7s)
New York New Haven <£ Hartford—Stock
Harlem A Portchester. 1st mortgage guaranteed
do
do
2d mort., coup, or reg
New York Ontario d Western—Preferred stock..

508,008
2,000,000
8.562,000

Common stock
New York Venn, d Ohio— Prior lien
1st mort., gold, incomes till July,
2d mortgage, incomes. $ & £
3d mortgage, incomes, $ A £

bonds,gold,t
1895, $ & £...

Leased lines rental gold bonds (Cl. A M.).
do
do
(P. P., P. V. and S. & A.)
N. Y. Pror. d Boston— (Stonington)—Stock

First mortgage
N.Y. Snsqnch.d Western—Stock,

Preferred stock ($10,000,000)
New mortgage ($5,500,000)
First mortgage.

1,000
1,000

1880
1880
1880
1880
1872
1873

500
500
500
500

2.000,000
58,120,000
8,000,000
35,000,000

Ac.
Ac.

14,500,000
30,000,000
5,355,000
3,568,000

Ac.
Ac.

1,000
1,000

3,000.000
1,000,000
3,060,600

100

1869

1,000

100

($20,000,000)

2,645.500

72

Midland of New Jersey

Lack, d West.—This is

15,500,000
2,000,000
1,000,000

100

1881
1880

500,000
3,000,000

1,000

500 Ac.

built under the aus¬
pices of Del. Lack, A West, and the Wub. St. Louis A Pac. (Y. 31, p. 229;
V. 32. p. 576, 637 ; V. 33, p. 47, 385.
New York Lake Erie d Western.—Sept. 30, 1880, owned from Paterson,
N. J., to Dunkirk, N. Y., 430 miles: branches—Piermont, 18 miles; Newburg, 18 miles; Buffalo, 60 miles; Erie International HR., 5 miles;
leased—Mont. A Erie RR., 10 miles; Goshen A Deckertown, 12 miles;
Newburg A N. Y., 13 miles; Pat. Newb. & N. Y., 11 miles; Hawley A
Honesdale, 24 railei; Jefferson RR., 37 miles; Buff. Brad. A Pittsb.. 26
miles; Buff. N. Y. A Erie, 140 miles; Suspension Bridge A Erie Junction,
23 miles; Rochester A Genessee Valley, 18 miles; Avon Gen. & Mount
Morris, 17 miles; Paterson & Hudson, 15 miles; Paterson & Ram., 15
miles; Lockport A Buffalo, 13 miles ; Buffalo & Southwestern, 68 miles;
controlled—Newark A Hudson, 6 miles; Weehawken New York A Fort
Lee. 5 miles; Northern of N. J., 25 miles; total operated, 1,009 miles.
In 1881 an arrangement was made for completion of line from Marion,
New York

r

com.

62
50

1873
1881

9,000,000

1,000

the projected road

Where

Payable, and by
Whom.

Stocks—Last
Dividend.

1921

....

•

.

....

....

7
5
7
5
7
7
7
7
7
6
5
6

•

•

g.

g.
g.
g.

g.
g-

A N.
A S.
A S.
A O.

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

N.

May- 1, 1897
Sept. 1, 1919
Mar. 1, 1883

Y., Co.’s offloe.
do
do
do
do
do

do
do
do
do

Oct. 1, 1920
June 1. 1888
A D.
uo
July 1, 1891
A J.
Jan. 1893
N. Y., Co.s Oftiee.
A D.
A S. New York and London. 8ept. 1, 1920
do
do
Sept. 1, 1920
A S.
Dec. 1, 1969
do
do
A D.
Dec. 1, 1969
do
do
A D.
June 1, 1977
do
do
A D.
,

....

6 A 7
5
6 A 7
4

J.
J.
A.
J.

g.
g.
g.
g.

4, 5, 6
2 Ac.
2
7
....

.

.

J. N. Y., Kidder, P. A Co.
J. N.Y., Grand Cen. Depot.
do
do
O.

D.

do

do

Jan., 1905

July 1, 1881
1903
June 1, 1901

....

...

.

A
A
A
A

....

....

6
7
5
5

..........

....

....

.

6
6 A 5

A S. London and New York. March 1, 1895
do
do
July 1, 1905
A J.
do
do
May 1, 1910
AN.
Nov., 1915
do
do
A N.
Jan., 1902
A J.
London, Co.’s Office.
Jan., 1903
do
do
A J.
Q.-F. N. Y., M. Morgan’s Sons. Aug. 10, 1881
July 1, 1899
do
do
J. A J.

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

....

....

J. A J.
A. A O.

N. Y., Nat.
do

Park Bank.
do

1911

April 1, 1910

Also leases the Norwich A Worcester RR., 66 miles, and had 65 miles
(Waterbury to Hopewell Junction) under construction.
This was the Boston Hartford A Erie Railroad, which became insolvent
and was succeededby this company, formed in 1873. The Boston Hart¬
ford A Erie’s principal debt was the Berdell mortgage for $20,000,000,
which fixes the stock of this present company ($20,000,000). In 1878-9

Providence A Fishkill Railroad by
mortgage issued in 1879 is to pay for
River. On Jan. 1, 1881, there
mortgage land notes outstanding and $581,563 in short

the company acquired the Hartford
the payment of its bonds. The new
the extension of the road to the Hudson

$1,486,532
for
as,
Operations, Ac., fo three years past were as follows:
Freight (ton)
Gross
Passenger
Mileage.
Earnings
Mileage.
Years.
Miles.
18,938,845 .$1,006,287
23,269,082*
153

were

notes.

forming a through route. See V. 32, p. 613.
Railway went into the hands of a Receiver
Erie Railway was organized as its succes¬

to Chicago,

When

Payable
....

•

....

8,597,400

Ac.
Ac.

•

6

182,600

Ac.
Ac.

1876

•

3,000,000
16.656,000
3,699,236
24,400,000

7816-90 187-90.
23
263
263
141
12
12
344
344
427
460
460
460

•

4,852,000
2,937,000
709,500

1,000
1,000

Bon

INTEREST OR DIVIDENDS.

$100

($10,000,000)

N. Y. Lackawanna d Western.—Stock
1st mort. bonds (for $12,000,000)
N. Y. Lake Etne d West-Stock, common

discovered in tliese Tables.
ds—Princi

notice of any error

giving immediate

Date Size, or
Miles
Amount
Rate per
Par
of
of
Outstanding
Cent.
Road. Bonds Value.

headings. Ac., see notes

|VpL. XXXIII.

The New York A Erie
in 1859, and in 1861 the

285
316

36,158.591

41,762,072

1,971,536
2,324,940

36,654,669
43,678,700

The Erie Railway

44, 67, 153, 306, 397, 578,605,
p. 125, 329.)
,
N. Y. N. Haven d Hartf.—Sept. 30, 1880, owned from Harlem Junction,
N. Y., to Springfield,Mass., 123 miles; branches to New Britain, Middletown andSuflield, 18 miles; leased—Harlem A Portchester RR., 12 miles;
Shore Line RR., 50 miles; total operated, 203 miles. This was a consoli¬
dation July 24, 1872, of the N. Y. A New Haven and the Hartf. A N. H.
railroads. The company uses the N. Y. A Har. RR. from Williamsbridge
into N. Y. City and pays a large toll therefor.
The company leases tiie
In April, 1881, a
Har. Riv. A Port. RR. and guarantee the bonds.
controlling interest was bought in the New Haven A Northampton RR.
stock, by parties in the interest of this company. Operations, Ac., for
-

-

-

Sept. 18,

preferred stock, the
and claims

-

,

cent

-

..

-

-

.

-

.

b’ds.
Construction Co.
S«pt., 1881,

-

-

...

with the annual charges, were as follows:
Net Income. Int. Rent’ls, Ac.
Years.

4,536,717
5,718,927
5,204,770
7,833,140

5,837,801
5,093,496
3,888,664
6.042,519

Deficit.

Surplus.

$1,391,084

$

625,431

1,316,106
1,790,620

—(V. 30, p. 43,67, 170, 222, 273,494, 624, 650; V. 31, p, 20, 68,122,171,
306,429,454, 559,573, 587,607,650, 662, 673; V. 32, p. 101, 3 83, 396,
553, 613, 685; V. 33, p. 58, 74, 101, 202, 329, 433.)
New York d Long Branch — Dec. 31, 1879, owned from Perth Ambov,

N. J., to Long Branch, 23 miles.
It is leased to Central RR, of New
Jersey, forming part of the Long Branch Division of that road. No
further information given. Anthony Reckless, President, N. Y. City.
New York d New

:

ij

iji |

628,856

(V. 30, p. 248, 357, 544, 545; V. 31, p.
V, 32, p. 121, 335. 367, 420, 444; V. 33,

in foreclosure

,

$197,890
486,329

defaulted on its bonds in 1875, and was sold
under the second consolidated mortgage in 1878. The
present company was organized and took possession June 1, 1878.
Under the plan of reorganization the above statement represents all the
stocks and bonds issued to September 30, 188<>.
The total interest
charge each.fiscal year will be as follows: 1880-81, $4,149,091; 188182, $4,149,091; 1882-83, $4,177,749; 1883-84, $4,235,065. By the
terms of the plan one-half of the stock, both common and preferred, is
issued to “ Voting Trustees” in London, who shall vote on them until
the dividend on the preferred stock (6 per cent) has been paid for three three
years were as follows:
Net
Div.
Gross
consecutive
The funded coupon bonds are secured by
yearsPassenger Freight (ton)
Earnings, p.e.
Earnings.
lien of consolidated mortgage. The second funded coupon bonds are
Mileage.
Miles.
Mileage.
Years.
5 percents till June, 1883, and after that 6. On the second mortgage and
105,458,051 45,594,854 $3,817,281 $1,648,788 10
152
1,670.862 10
second funded coupon no foreclosure can take place till six coupons are
3,912,743
103,113,443 63.187,479
152
1,653,565 10
in default. The most prominent feature of the reorganization was the
4,252,814
152
125,300,345 78,372,806
provision for outlay of new capital on the property, and up to September -(V. 29, p. 510; V. 30, p. 15 ; V. 31, p. 509, 671; V. 32, p. 421,578;
30, 1880, the cash from assessments of stock, Ac., amounted to V. 33, p. 224.)
$3,793,326. Preferred stock has a prior right to 6 per cent fnoncumulative' from the net profits, “as declared by the board of
N. 3'. Ontario d West.—Sept.30,1880, owned from Oswego, N. Y., to Mid¬
directors.” Prices of stock have been as follows:
dletown. N. Y., 249 miles; branches to Court-land, N.Y., 48 miles; to New
-Preferred.-Common.
Berlin, 22 miles; to Delhi, 17 miles; toEllenville, 8 miles; total operated,
1881.
1880.
1881.
18 SO.
344 miles. This was the N. Y. A Osw. Mid.
Main line was opened July,
95
88
73%- 6750
48
5278- 473s
417g
1871. It connects with the N. J. Midland to N. Y. City. Default was
Janunry
73 V 70
92V 82^
50V 43*\
4S7h- 44
made in 1873. and the property placed in the hands of Receivers
February....
90 V 84
72 V 6813
49 V 451-2
47 V 13
March
1873. The Western Division was sold in foreclosure May 31,1876, and
89 - 84
70V 633*
48V 4134
46V 41L>
the main line was sold In foreclosure November 14, 1879. The present
April I
65 V 47
92V 88
51 V 47
43 V 3 *14
May
company was organized January 22, 18S0, and under the plan of reor¬
91V 86
70V 47
43 V 30
5014- 4 J3t
June
5
88 V 8OI3 ganization the holders of receiver’s certificates’took
72 V 643*
4 5 V 387r
47V 4114
first mortgage bondholders took common stock for principal and inter¬
July
88 - 81is
65
73
44 *2- 37*%
44V 4. “8
est, and the holders of other old bonds, notes, judgments
August
91
82
71 34- 66
4 1 V 373s
46V 12
were permitted to take new stock at par on payment of 20 per
September
76
70
4514- 3 '
October.
assessment in cash within 30 days from January 22, 1880. And steck
82 V 72
49
42is
November
was issued on payment of 30 per cent cash within six months from
93 V 77
5IV 4 33*
December
Jan. 22, 1880, to the holders of old stock and convertible non-mort.
The last annual report was published in the Chronicle, V 31, p. 587,
From these assessments about $9,000,000 was received, and in Feb¬
650. The operations and earnings for four years past were as follows:
ruary, 1881, a contract was made with the North River
Freight (ton)
Gross Traffic Net Traffic (capital $10,000,000) for completing a road to Buffalo. In
Yearend’g
Passenger
Earnings.
Earnings. further agreements were made with the New York West Shore A
Mileage.
Sept. 30.
Mileage.
1,114,586,220 $14,708,890 $3,809,050 road. (V. 33, p. 358.) Preferred stock to receive 6 per cent (non-cumu¬
170,888,380
1,224,764,438
15,644,978
5,009,114 lative) from net earnings; surplus goes to common. Operations
140,326,749
1,569,223,417
15,942,022
4,767,323 earnings for three years past were as follows:
149,115,718
1,721,112,095
18,693,109
7.049.184
180,460,204
Passenger Freight (ton)
Gross
Net
The company has receipts from other sources, and the total net income Years.
Mileage.
Earnings.
Earnings.
Miles.
Mileage.
12,701,830
$560,020
$53,662
each year (charging full interest on the debt as it stood), as compared
5,579,976
344

sor.

T*j I

Net

Earnings.

England—Sept. 30, 1880, mileage was as follows
Miles.

Miles.
Conn.. 150
Providence to Willimantic....
58
Main line—
Boston to Waterlmry,

Branches—
Brookline, Mass.,

to ’Woon¬

34

socket, R. 1

E. Thompson,

Conn., to South-

bridge, Mass

Islington to Dedham, Mass...
Charles R. to

1:4




Ridge Ilil], Mass

Dorrance

St., in Providence..

Total owned
Erased—
Franklin to Valley Falls
Vernon to Rockville
V

17 Springfield
2
f

to E. Hartford, Ac.

Total leased

Total

264

operated Sept. 30,1880.

52
316

Buffalo
and

35,713
17,508
—(V. 30, p. 43, 92, 170, 222, 241, 323, 384, 519, 589, 650; V. 31, p. 95,
123, 282, 559, 589; V. 32, p. 70, 101, 183, 206; V. 33, p. 358.)
Neic York Pennsylvaniad O— Sept. 30,1880, owned from Salamanca,
N. Y., to Dayton, O., 388 miles; branches—Meadville, Pa., to Oil City,
33 miles; Junction (main line) to Silver Creek, O., 2 miles; leased lines—
Cleve. A Mahon. RR., Cleveland, O., to Pa. Line, 80 miles, and branch,
13 miles; Niles A New Lisbon RR., Niles to New Lisbon, 36 miles; Lib¬
erty A Vienna RR„ Vienna Junction to Vienna, 3 miles; Ohio Line to
Sharon, Pa., 1 mile; Sharon R’y, Sharon, Pa., to main line, 9 miles; total
operated, 556 miles. Changed to standard gauge June, 1880. Formerly
Atlantic A Great Western Railway. Sold July 1, 1871, and leased to
Erie on May 1, 1874, hut lease not carried out. Again in hands
of a Receiver Dec. 9, 1874. Sold Jan. 6, 1880, and reorganized by a
London committee of stock and bond holders. (See V. 30, p. 143.) Five
trustees are to exercise the voting power of the new stock until the third
mortgage bondholders receive 7 per cent interest in cash during three
years. Three of these trustees are to be chosen annually by a majority
in value of the first mortgage bondholders, one by the second mortgage
bondholders, and the fifth by the leased line bondholders. See statement
The- new bonds of the reorgan¬
to N. Y. Stock Exchange, V. 31, p. 607.
ized company, subsequent to the prior lion bonds, are issued upon the
following basis: (1.) The first mortgage bonds to bear 5 per cent inter344

5,290,076

344

6,346,667

12,564,218
13,974,253

,

523,592
583,212

KAILROAD

1881. J

October,

STOCKS

AND

BONDS

xim

Snlucribera will confer a great favor by giving immediate notice of any error discovered In these Tables.
DESCRIPTION.
For

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

y W.Shore & Buff— 1st M., gold (for $50,000,000)
y. Wood haven <& Rockaway.—\&t mortgage
Niagara Bridge dk Canandaigua—Stock
v

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

Norfolk dk Western.—Common stock

do
do

2d
3d

do

1881
1879

•

98
....

.

.

.

....

4th mortgage
common.

North Carolina—Stock,
Preferred stock
Mortgage bonds
2{orth Pacific Coasts-Stock

1.000

X868

133

Petersb’rg

1881

81

guar.

1866
1866

1,000
1,000

133
133
214
214
223
223
223
79

1854
1865

1,000
1,000
100
100
500

196877-90. 81
North

Pennsylvania—Stock, guar

....

’67-’68
....

58

2d mortgage
General mortgage bonds
Bonds secured by $1,200,000 stock
North River—Stock
Northeastern (S. C.)—Stock, common
Pref. stock (8 per cent) exchangeable for 2d mort.
1st mortgage, new
2d mortgage, new

Northern (Cal.)—1st mortgage
San Pablo & Tulare—1st mort
Northern Central—Stock
1st mortgage, State (Maryland) loan
2d mortgage, sinking fund, coupon
3d mortgage, sinking fund, coupon
Consolidated mortgage, gold, coupon
Consolidated mortgage, gold, registered
Consol, general mort., gold, s. f., coup., $

or

£—

....

.

....

.

.

500 &c.

.

....

....

1881

....

....

....

102
102

....

....

50
50
500
500

....

....

1'02

102
112
47
322
138
138
138
138
138
138

50
500 &c.

....

56
56

1st mortgage

....

1869
1869
1877
1878

.

.

.

....

1,000
1,000
1,000

est till Jan. 1,1881, and 7 per cent thereafter, whatever portion of this
that may not be earned to be payable in deferred warrants, to bo capi¬
talized in bonds of the same class; payment of interest to become abso¬
lute not later than July 1, 1895, and until June 1, 1S95, the right to

foreclose the mortgage is suspended.

(2.)

Second mortgage bonds to

Rental of equipment
Rental of all leased lines
General expenses, taxes, &c

$1,718,276

$283,614
356,277
60,879

Total payments

700,772

Net income for the year 1880
Deduct:
Interest on prior lien bonds, due and accrued

$1,017,504

$400,000

Payments on account improvements and additions 96,344
Interest on first mortgage bonds, $862,500 (onehalf paid in cash), due January 1, 1881
431,250
Total deductions

927,594

Surplus for the year
-(V. 30, p. 42, 143, 465, 494, 625, 650; V. 31,
32, p.333 ; V. 33, p. 226.)

p.

$89,909
68, 153, 534, 607; V

N. Y. Prov. dk Boston.—Sept. 30, 1880, owned from Providence. R. I., to
Groton, Conn., 63 miles; Warwick RR., 9 miles; operates also Pawtuxet
and Pontiac branch roads, 10 miles; total operated, 82 miles. Owns a
mtyority interest in the Prov. & Ston. Steamship Line, which has a capi¬
tal of $1,400,000.
For the fiscal year ending Sept. 1, 1880, annual
report is given in V. 31, p. 51. Operations and earnings for three years

past were

as

follows:

Passenger
Mileage.

Freight (ton)

Gross
Earnings.
$710,038

*Net
Div
Income,
p. c.
63
17,858,442
10,405,601
$398,116 10
63
19,377,410
11,467,971
689.008
318,656
8
711g 22,167,232
11,290,326
779,885
8
349,096
*
Including div. from Stonington Steamboat Co., and other receipts.
-(V. 31, p. 651; V. 32, p. 368.)
Years.

Miles.

Mileage.

..

New York Susquehanna dk Western.—Jersey City to Unionville, N. Y.,
72 miles;
Ogdensburg to Scranton, Pa. (building), 125 miles. This was
a consolidation in
Sept., 1881, of the Midland of N. J.,the Paterson Ex¬

tension, the North Jersey, the Pennsylvania Midland and the Midland

Connecting railroads. The lines when completed will be

from

continuous

Bergen (Jersey City) to Scranton, Pa. In addition to above has
$250,000 6 per cent bonds on Paterson Extension, due 1911. Stock
authorized, common, $20,000,000 ; preferred, $10,000,000. Dividends
on preferred are cumulative.
(Y. 33. p. 255, 282.)
New York West Shore dk Buffalo.—This is the consolidation in July,
1881, of the West Shore & Buffalo, the Jersey City & Albany and the
North River railroads. It is building a line parallel to the N. Y. Central
to Buffalo, and
connecting with the road of the N. Y. Ontario & 'Western.
The New Yom: terminus is through the new tunnel at Weehawken. See
V. 33, p 24, 226, 358.
Y. F. Weolhaven c6
Rockaway —Juno 30,1880, owned from Hunter’s
Point, L. I., to Rockaway Beach, 12 miles; branch to Far Rockaway, 4
Difies; total operated, 16 miles. By contract writh Long Island RR. is
to control all travel to the
Beach by rail. The stock is $1,000,000.
(V.

30,

p.

494, 559; V, 31,

p.

229.)

Niagara Bridge dk Canandaigua—Oct. 1,1879, owned from Canan¬
daigua to Suspension Bridge, N. Y., 98 miles. The road is leased in
perpetuity to the New York Central & Hudson at $60,000 per annum.
-Has no debt, but
prior to foreclosure mortgages were $2,170,000.

Payable

Where Payable, and by

pal,^When Due.

Whom.

Stocks—Last
Dividend.

New York.

July, 1931

J.
J.
J.

& J.
& J.
& J.

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

& N. N. Y. and Philadelphia.
& J. Norfolk,Va.,Ex.Nat.Bk.

N.

Y., Fisk & Hatch.

1909

July 2, 1881

.

1%

& J.
& J.
& J.
& J.
& J.
& 8.
& S.
& N.

N. Y.,Nat. Park Bk.

Petersburg, Va.
do

do

N. Y., Fourth Nat. Bk.
do

do

Company Shops, N. C.
do
do

Q.—F.

6
7
7

do
do

Philadelphia Office.

J. & J.
M. & N.
J. & J.

6

May 1, 1931
July 1, 1893
Jan. 1, ,84-,90
Jan. 1, ’84-’90

Jan.1/96-1900

July 1, 1884

Men. 1, 1900

Sept. 1, 1881
Sept. 1. 1881
Nov., 1888

do
do
do

do
do
do

Aug.

25,’i881

Jan.

1, 1885

May 1, 1896
1903

....

....

4
8
8
6
6
3
6
6
6
6 g.
6 g.
6 g.

205,000

4,580,000

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

& N.
& S.
& S.
& J.
& O.
& J.

A.
J.
A.
J.

&
&
&
&

May, 1881
Sept. 1, 1899
do
do
8ept. 1. 1899
Central Pacific RR.
Jan. 1, 1907
do
do
April 1, 1908
Baltimore & Philadel.
July, 1881
Annapolis.
Irredeemable.
J. & J. Baltimore, 1st Nat. Bk.
July, 1885

mortgage bonds.

O.
J.
O.
J.

Charleston, Office.

Baltimore & Philadel.

Baltimore, 1st Nat. Bk.
Baltimore, 1st Nat. Bk.
London & Baltimore.

April, 1900
July 1, 1900
July 1, 1900
July 1, 1904

Default

on consolidated bonds was made
sold in foreclosure Feb. 10, 1881, to
Clarence S. Clark, of Philadelphia, for $8,605,000, on behalf of
capitalists interested in the Shenandoah Valley road. (See V. 32, p. 182).
The reorganized company is now the Norfolk & Western.
The com¬
pany issues $15,000,000 preferred stock. $3,000,000 common stock, and

October 1, 1873, and the road

was

Mr.

receive 5 per cent per annum, after prior mortgages, if earned. (3.)
Third mortgage bonds receive 5 per cent interest, if earned, after prior $11,000,000
bonds. On the second and third bonds there is no right to sue the com¬ published in
for six years
pany or to foreclose.
Tile leased lines’ bonds of 1872 are to receive 4 per cent for the
first three years; 5 per cent thereafter for six years, and 6 per cent
Years.
thereafter until maturity. The leased lines’ bonds of 1873 are to re¬
ceive the net profits up to 7 per cent (but not less than 2 per cent duringthe first two years) arising from the working of the lines whose securities
are held by trustees. The stock is—pref. shares, $10,000,000; com. shares,
$35,000,000. The annual report m V. 32, p. 333, gave the following:
INCOME ACCOUNT 1880.

Total net income in 1880 from all sources
Out of which were paid fixed charges as follows:

When

Bonds—Princi¬

...

1,490,000
1,126,000
2,599,000

in second

^

8
6
6
6
8
3
3
8

236.000

500 &c.
500 &c.

m

6 g.
8

1,500,000

....

1855
1865
1868
1868
’74-’77

.

3,148,000
1,023,000
5,842,000

.

1,000
50

....

1,000,000
3,000,000
15,000,000
6,000,000
496,000
703,000
581,300
452,800
990,000
1,000,000
3,000,000
1,000,000
210,000
1,074,900
4,527,150
1,930,500
1,500,000
2,569,500
1,200,000
(?)
899,350
86,000
820,000

1875-960

1866

200 &c.
200 &c.

....

5 g7
3

(?)

....

.

Rate per
Cent.

$1,000,000

....

....

....

Outstanding

$1,000

428

Virginia <fe Tennessee—Enlarged mortgage
do

•

....

Preferred (6 per cent) stock
General raort., gold
Norfolk & Petersbufg—2d mort.
South Side—1st pref. consol, mort
do
do

•

16

v

INTEREST OR DIVIDENDS.
Amount

new mortgage bonds, to be used according to the plan
the Chronicle, V. 32, p. 334,421. Operations and earnings
past, ending June 30, were:
Passenger
Freight (ton)
Gross
Net

Miles.
428
428
428
428
428

Mileage.
10,616,924
9,531,442
9,470,228
8,079,780
9,244,356

Mileage.
60,610,288
67,531,874
70,797,576
73,662,480
98,595,455

Earnings.
$1,742,251
1,791,579
1,781,710
1,673,131
1,936,6 tl

Earnings.
$540,539
600,633

486,889
612,043

943,413
998,913
—(V. 30, p. 66, 272,298, 648; V. 31, p. 20, 43, 121, 258, 381, 428, 482,
606; V. 32, p. 182, 334, 395, 421, 501, 527, 569, 578; V. 33, p. 74, 357,
433.)
428

2,149,490

No. Carolina — May 31.1881, owned from Goldsboro to Charlotte, N.
C.,
223 miles. The property was leased Sept. 11, 1871, to the Rich. & Danv.
Railroad for 30 years at
a rental of $260,000 per year. Dividends of 6
per cent are paid on the stock, of which the State of North Carolina holds

$3,000,000, and the dividends thus received by the State are applied to
(V. 29, p. 96; V. 31, p.
482, 589; V. 33, p. 99.)

her bonds issued to the North Carolina Railroad.

North Pacific Coast.—Dec. 31,1879, owned from Saucelito to Moscow
Mills, Cal., 74 miles; branch to San Rafael, 2 miles; leased, San Rafael
to San Quentin, 4 miles ; total operated, 80 miles. Stock, $1,074,900;
floating debt, June 30,1877, $2,017,114. No later reports.

No. Pennsylvania.—Nov. 30,1879, owned from Phila., Pa., to Bethle¬
hem, Pa., 56 miles; branches—Jenkint’n to Dela. River, 20 miles; Lansdale to Doylestown, 10 miles; Iron Hill to Shimersville, 2 miles; total,
operated, 88 miles. The Northeast Penn, and the Stony Creek roads are
operated under contract. The company has been doing a fair business,
but paying veiy moderate dividends, and in May, 1879, was leased for
990 years to the Philadelphia & Reading Railroad on the terms as stated
in V. 28, p. 625, viz., that the lessees should pay in quarterly payments
(February 1, May 1, August 1 and November 1) $673,344 for each of the
the first and second years; in the third and fourth years each $718,615.
and after that $763,887 per year. This is intended to cover all fixed
charges of the lessors, and pay 6 per cent on their stock for two years,
7 per cent for two years and 8 per cent afterwards.
(V. 32, p. 184.)

North Rivei—This was
River Railroad Company

a consolidation in May, 1881,
of the North
and the Jersey City and Albany. (V. 32. p. 659.)

Northeastern (S. C.)-Sept. 30,1880, owned from Charleston, S. C., to
Florence, S. C., 102 miles. This company has earned the interest on its
bonds and preferred stock with a good surplus.
Inty878-9 gross earn¬
ings were $346,267 ; net earnings, $135,364; in 1H79-80, gross, $404,894; net, $185,659. (See last annual report, V. 31, p. 651.) The pre¬
ferred stock is exchangeable for second mortgage bonds.
Northern California.- Dec. 31,

1880, owned from W. Oakland to SuiWillows, 65 miles; leased
Tracy City, 47 miles; total
operated, 159 miles.
Completed in 1878 and leased in part to the
Central Pacific since Jan. 1, 1876, at a rental of $1,500 per month for
Northern and $300 per month for S. P. & T. The Northern stock is
$4,710,500, and San P. & T. stock, $1,861,000. W. V. Huntington,
President, San Francisco.
sun, Cal., 47 miles; extension, Woodland to
San Pablo & Tulare Railroad—Martinez to

Northern Central.—Dec. 31,1880, owned from Baltimore. Md., to Sun
bury, Pa., 138 miles; branch—Relay to Green Spring, 9 miles; leased—
Shamokin

Valley & Pottsville RR., 28 miles; Elmira & Williamsport

RR., 78 miles; Chemung RR., 22 miles; Elmira Jeff. & Can. RR. 47 miles;
total, 322 miles. This was a consolidation or several roads in Jan., 1875.

The terms of the several leases will be found under the names of the leased
roads. The company is under the management of the Pennsylvania RR.

interest, and Mr. Geo.B. Roberts is President. The last annual report was
published in V. 32, p. 287, showing the application of income for the year
1880, the earnings, &c. The consolidated mortgage (gold) of 1874 was
for $10,000,000 to retire all prior bonds ; the bonds are issued as series
“A” and “ B ” $ or &, series “ C ” dollar and the “ million dollar” loan.
Under the general mortgage of 1876 $1,000,000 more maybe issued as
Series C. Operations and earnings for five years past were as follows :

Norfolk dk Western.—April, 1881, owned from Norfolk, Va., to Peters^
Passenger Freight (ton)
Gross
Net
Div’d
Miles.
Mileage.
Earnings. Earnings, p. ct.
Mileage.
nurg/Va., 81 miles; Petersburg, Va., to Lynchburg, Va., 123 miles’ Years.
322 43,401,086 253,552,485 $ 1,369,926 $1,333,440
3
Lynchburg, Va., to Bristol, 204 miles; branches—Petersburg to City
322 25,726,768 277,752,734 4,070,388 1,324,463
Pomt, Va., 10 miles; Junction to Saltville, Va., 10 miles; total oper322 24,122,837 280,236,742 3,723,457 1,118,960
This was a consolidation, November 12, 1870, of
xrteJ^’
322 25,888,514 404,192,761 4,107,948 1,246,006
r?rlolk'& Petersburg, South Side and Virginia & Tennessee; in all,
322 29,880,642 461,904,456 5,050,387 1,795,119
yu-u branches, 428 miles.
2**
In all these routes the State of Virginia
neia the
controlling interest, and sold out to the company for $4,000,000 —(Y.»31, p. 329, 673; V. 32, p. 121, 230, 232, 2 8 7, 5784




....
....

....

RAILROAD

xliv
Subscribers will confer a

great favor by giving

DESCRIPTION.

of column headings,
first page of tables.

For explanation

on

Northern

&c., see notes

Central—( Continued)—

2d general

do
“ B,” coupon, convertible
Northern Central (Mich,)—1st mortgage—
Northern. N. H.—Stock

138
61
21

21
21

stock(8 p. c., not cum’tive).

720

Mortgage and land grant bonds, Missouri Div—
Mortgage and land gr. bonds, Pend d’Oreille Div.
Consol. M. Id. g., gold, $25,000 p. in., coup, or reg.
Northwestern Ohio—Stock
—

205
209
850

1878
1869

Common stock

Norwich & Worcester—Stock
New bonds, cou
coupon

-

1876-90.

cumulative
Ohio—Stock ($20,000,000 authorized)
Cin. Ham. & Day., 2d mort. (now 1st)
do
Cons. M. ($996,000are 7s), s.f. 1 p.c
do
Cin.H.& I. (June.) RR., 1st M., guar
Cleve. C. C.&I., lstM.(C. C. & C. RR.) $25,000 a yr.
do
1st mort., Bel. & Ind
do
1st mort., C., C., C. & I. sink, fund
do
Cons. M. for $7,500,000 (s.f. 1 p.c.)
Ohio Central—1st mortgage gold
bonds (noil-cumulative)
Terminal mortgage bonds
Income

1st mort.,
Incomes,

Mineral Div
do

Ohio <£ Mississippi—Stock, common.
Preferred stock (7 p. c. yearly, cumulative)
Northern Central
miles.

Owned by

100
100
100 &c.

1,525,000
3,068,400
1,000,000
200,000

100 &e.

200,000

100
100
100 &c.

42,312,588
49,000,000

-

-

-

118

1,000
100

1,000

371,000
600,000
1,400,000
1.000,000
18,500,000
494,000
2,450,000
1,800,000
75,000
396,000
3,000,000
2,774,000
3,000,000
3,000,000

1,000
500 &c.
100 &c.
100

”60

1865

1,000

60
98
138
202
390
390
200
200
200
26
26
393
393

1875

1,000

1873

1,000

1860
1864
1869
1874
1880
1880
1880
1880
1880

1,000
1,000
1,000
1,000
1,000
R000
1,000
1,000

500

300,000
300,000
20,000,000

100
100

Stock, $610,000. S. V. Irvin, President, Albion, Mich.
Northern, N. H.—From Concord, N. H., to West Lebanon, N. H., 70
miles; branch, Franklin, N. H., to Bristol, N. H., 13 miles; total, 83
miles. This road has done a steady, but slightly decreasing, business

The last annual report was

600,000

published in the

32, p. 611. The net earnings for the fiscal year ending
March 31, 1881, were $102,223; in 1879-80, $112,438, and in 1878-9
$107,372. Prior to that date, earnings were considerably larger. ((V.
28, p. 552; V. 30, p. 599; V. 32, p. 610.)

1876-7..
1877-8..
1878-9..
1879-80
1880-81

per

cent

$246,771

611.)

Bismiles;
finished.
Owns one-half St. Paul & Duluth RR., 24 miles, and uses 75 miles of St.
Paul Minn. & Man., St. Paul to Sauk Rapids, and leases Western RR.,
Sauk Rapids to Brainerd, 61 miles; total operated for business, 754
milee. The gap between Mo. Div. and Pend d’Orielle Div. is 820 miles.
This company was chartered by act of Congress July 2,1864, to build
from Lake Superior to Puget Sound, 1,800 miles, with branch to Port¬
land, Oregon, 200 miles. The land grant was 20 sections per mile in
States ana 40 sections in Territories. The company defaulted January,
1874, and the road was foreclosed August 12,1878, and reorganized by
the bondholders’ committee Sept. 29,1875. To the bondholders new
preferred stock was issued at the rate of $1,400 for each $1,000 bond.
Fref. stock entitled to 8 per cent, not cumulative; then common to 8;

Northern Pacific.—June 30,1881, operated from Duluth, Minn.,to
mark, Dak. Ter., 450 miles; branch, Casselton to Blanchard, 32
Pacific Division, Tacoma to Kalama, 105 miles, and Tacoma to Wilkeson,
31 miles—136 miles; total, 618 miles and 311 miles more just

then both share.
Of the above pref. stock $2,851,455 was owned by
June 30,1881. This preferred stock is taken in payment

pany’s lands east 3f the

the company
for the com¬

Missouri River at par (3,473,471 acres), but has

lien whatever on the road; the Missouri Div. bonds and Pend
•d'Oreille Division bonds are receivable for lands on those sections. In
1880-81 the sales of land east of the Missouri River were 588,080 acres,
for $1,805,368, an average of $2 59 per acre.
aao

A

syndicate in November, 1880,

3 & 6

7'

3*fl

M. &

Mar.

New York. Office.

S.

Freight (ton)
Mileage.
21,474,699
24,534,667
22,439.405
28,037,799

3,769,830

....

1897

....

3,645,831

....

•

April 1,1920
April, 1920

J. & J. N. Y., Winslow, L. & Co. July 20,1885
do
do
Oct., 1905
A. & O.
Jan., 1903
do
do
J. & J.
J. & D. N. Y., U. S. Trust Co. June,’82 to ’84
Until 1899
do
do
J. & J.
do
do
M. & N.
May, 1899
June 1,1914
J. & D. New York or London.
J. & J. N.Y. Metropolitan N.Bk Jan. 1, 1920
Jan. 1, 1920
do
do
do
do
July 1, 1920
J. & J.
do
do
July 1, 1921
J. & J.
do
do
July 1, 1921
J. & J.

3,485,220
3,369,125

....

1*875

1,

Net

Gross

Earnings. Earnings.
$522,938 $165,429
542,670
472,172
558,816
578,676

....

144,326
104,390
170,917
195,476

subscribed for $10,000,000 new con:

At Columbus, Ohio, Oct. 19, the Jewett party
began a suit and procured a temporary injunction to prevent the final
consolidation. The Vanderbilt party, however, decider! to proceed with
the election of directors of the Ohio Railway, contending that the arti¬
cles of incorporation having been filed prior to the application for an

in the new company.

injunction, the order enjoining the Clev. Col. Cin. & Indianapolis and
Hamilton & Dayton directors does not concern the Ohio
Railway. The total vote cast was 89,615 shares. There was but one
ticket voted as follows: Messrs. William H. Vanderbilt, Cornelius Van¬
derbilt, Augustus Schell, James H. Rutter and A. G. Dulman of New
York; William L. Scott of Erie, Pennsylvania; J. H. Devereux, Steven¬
son Burke, T. P. Handy and Amos Townsend of Cleveland; John Newell,
M. E. Tngalls and John Carlisle.
The Cincinnati Hamilton & Dayton owned from Cincinnati, O., to Day-

the Cincinnati

141

ton, O.,60 miles; leased—Dayton & Michigan, Dayton to Toledo,
miles; Cincinnati Hamilton & Ind., Hamilton to Indianapolis, 98 miles;
Cincinnati Richmond & Chicago, Hamilton, O., to Indiana State line

(and leased road), 42 miles;
ported separately.
__

to
& East.,
the Mansfield Coldwatcr & L. M., and the Toledo & Woodville roads.
Leased to Penn. Company at cost of operating. In 1880 gross earnings
Northwestern Ohio—Dec. 31, 1880, owned from Toledo Junction
Toledo, O., 79 miles. Tliis was a consolidation of the Tol. Tiffin

$276,165; uet, $49,670.

&

total operated, 341 miles;

Day. for five years

including all the roads operated:
Years.
Miles.
1876-7
1877-8
1878-9
1879-80

-

1880-81
The Cleveland Columbus
land, Ohio, to Columbus,

each lease re¬

past were as follows,
Net Earnings.

Gross Earnings.

$558,062

$2,431,874
2,362,892
2,282,572
2,578,816 '

341
341
341
341
341

769,666

739,572
886,050
906,983

2,882,306

Cincinnati & Indianapolis owned from Cleve¬
Ohio, 138 miles; Galiou, Ohio, to Indian¬
apolis, Ind., 203 miles; Delaware, O., to Springfield, O., 50 miles; leased,
Cincinnati & Springfield Railroad, 80 miles; Levering Station to Mount
Gilead, 2 miles; total operated, 473 miles.
,
The last annual report of the C. C. C. & I. Co. was published in the
Chronicle, V. 32, p. 4L8. Income account for four years was as follows:

with privilege of taking $10,000,000 more
Receipts—
yearly for next three years, to finish the road, and they took and sold Net
earnings
$20,000,000 of the bonds in Jan., 1881. The mortgage is for $25,000
Rentals and interest.
per mile of road, Central Trust Co. of N. Y., trustee. The bonds are
received in payment for lands at 110 and interest, and proceeds of land Day.&Un.RR.st’k,&c
sold must be applied to purchase of these bonds at 110 and interest. Wabasli Pool
Miscellaneous
Sinking fund of one per cent per annum begins in 1885.
In February, 1881, parties interested in the Oregon Navigation &
Total income
Railroad Co. purchased a controlling interest in the stock; the 180,000
Disbiirsenic?its—
shares of common stock never issued since reorganization were partly
distributed. The last annual report is in V. 33,'p. 302. (V. 31, p. 68, Interest oil debt
95, 230, 356, 358, 397, 454, 535, 560, 579, 589; Y. 32, p. 4, 44, 121, Taxes
Dividends
1S4,232, 313, 323, 335, 368, 836, 421, 553, 569, 687 ; Y. 33, p. 154.)
solidated mortgage bonds,

do
do
do

Passenger
Mileage.

....

July. 1888
March, 1889
May 1, 1919
Sept. 1, 1919
Jan. 1, 1921

New York Office.
do
do
do
do

A. & 0.

6 & 7
7
7
7
7
7 or 6 g.
6 g.
7
6
6 g.
7 g.

1, 1926

1. 1926
1903
June 1, 1881
2*2 in 1880

Jan.

—(V. 28, p. 277, 526; V. 29, p. 16, 631; V. 30, p. 43,144, 323, 358, 494,
22; V. 31, p. 171, 358, 429, 484, 560; V. 32, p. 70,122, 657.)
Ohio.—This was a consolidation Sent., 1881, of the Cleveland Col. Cin.
& Ind. and the Cin. Hamilton & Dayton, on the basis of share for share

Sparkill. N. Y., 21
called the Nyack
By contract
Lake Erie & Western at 35
of its gross earnings. It is understood the contract is ter¬
by either party on notice.
Gross earnings in 1880 were
(V. 30, p. 566; Y. 32, p.

do

do

J. & J.
A. <fc O.

Miles.
122
122
122
122
122

Years.

City, Hudson Co. B’k.

Jan.

J. New England Trust Co. July 10, 1881
S. Boston, N. E. Trust Co. March 1, 1897
July 10,1876
Boston, Office.
J.
Mar., 1890
do
S.

6
6

4.030.000

Northern of New Jersey .—From Bergen, N. J., to
miles. The company operates an extension to Nyaek,
& Northern Railroad. This road was opened Oct. 1, 1859.
of April, 1869, it is operated by Newr York
minable

M. & N.
M. & S.
J. & J.

8

3,077,000

1870
1877
1880
1880

Boston, Office.
Office.

J. & J. J.
M. & S.

J. &
M. &
J. «fc
M. &

400,000

Bk.

New York,

....

•

5
6
2

2,604,400

Dividend.

....

J. & D.

6g.

20,000,000
2,000,000

pal,When Due.

and by Stocks—Last

& J Baltimore, 1st Nat.
do
do
& J.

6
6

2,484,000

1,000

•

•

Whom.

Payable

6
7

3,915,000

pany.

during the past four years.

•

Where Payable,

When

J.
J.

5
6
7
3

1,000,000

1,000

1877

118
118

Rate per
Cent.

$2,962,000

$1,000

(Michigan).—Jonesville, Mich., to Lansing, Mich., 61
the Lake Shore & Michigan Southern Railway Com¬

Chronicle, V.

Outstanding

100

Income bonds, not

-

Amount

79
66

Qadensbnrg <£ Lake Champlain—Stock
Sinking fund bonds
Mortgage nonds (redeemable July, 1890)
Consolidated mortgage (for $3,500,000)

1879
1879
1880

discovered in tbcse Tables.
Honds—Princi'

INTEREST OR DIVIDENDS.

»

82^

Northern of New Jersey—Stock
1st mortgage, extended
2d mortgage
Northern Pacific—Fret.

1876
1876

[Vol. xxxm.

immediate notice of any error

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

138

mort., “A,” coupon

BONDS.

STOCKS AND

1877.

1878.

1879.

1880.

$

$
745,203
102,696

$
982,748
83,912

$
1,361,483

514,591
149,420

charged off.

Total disbursem’ts.
Balance

69,027

19,750

46,378
8,000

1,086,410

1,587,294

...

Accoimts

102,406

664,011
$
426,878
175,232

847,899
$
420,037
140,020

103,744

66,429

$

425,180
117,014

$

440,492
118,188

374,770
47,864

749,540

705,854
*964,828
*626,536
Def.41,843 Sur.221,363 Sur. 121,582

1,324,657
Sur.262,637

16,437

—(V. 33, p. 73, 100, 281.)
Ohio Central.—The road completed will be 200 miles—Corning,
Toledo, O. The stock was $4,400,000—par $100—and in January,

O.,to

1881,

Worcester.—Sept. 30, 1880, owned from Norwich, Conn., the company increased it to $12,000,000 for improvements, <fcc., and to
59 miles; branch: Norwich to Allyn’s Point, 7 buy the stock of the Ohio Cent. Coal Co. In June, 1881, consolidation
mxiU>*; total, 66 miles. In 1869 the road was leased to the Boston Hart¬ with the Rich. & Alleghanv was voted, and new stock and bonds for
ford & Erie for 100 years, the lessees to pay all liabilities and 10 per extension were subscribed. (V. 31, p. 358, 535, 607; V. 32, p. 70, 579;
cent on the capital stock. There has been some discussion as to reduc¬ V. 33, p. 12, 48, 154, 202, 305.)
ing the rental, and the present lessee company has the option to termi¬
Ohio cC- Mississip2)i—Dec. 31,1880, owned from Cincinnati, O., to East
nate the lease, and now operates under temporary agreement (see V. 28,
St. Louis, III., 340 miles; Louisville branch, North Vernon to Jefferson¬
p. 200). Earnings, &c., for four years past have been as follows:
393
ville, Ind., 53 miles; total Ohio & Miss,
Gross
Net
Interest Division, Beardstown to Shawneetown, line, 222 miles;' the Springfield
Total
Ill.,
miles; total operated,
Years.
Earnings.
Earnings.
Revenue.
& Div’ds. 615 miles. The Eastern and Western divisions were sold in foreclosure
$315,107
$716,635
$416,243
$309,229 and the present Ohio & Mississippi Company consolidated November 21,
666,883
269,779
312,095
283,764 1667. On November 17,1876, the company was placed in the hands of
666,830
274,457
741,316
283,809 Receivers, and afterwards Mr. John King, Jr., of the Baltimore & Ohio
707,581
291,390
404,715
283,905 Railroad, was appointed sole Receiver; in Oct., 1881, John M. Douglas
was appointed Receiver, vice King, resigned.
A suit is a8 ft-audu brought
pending,
—(V. 27, p. 537; V. 28, p, 200.)
Norwich d’

to Worcester, Mass.,

owned from Rouse’s
branches, 4 miles; total,
decreased of late years,
in January, 1880, the executive committee issued a circular pronosing certain terms of adjustment (see V. 30, p. 118,144), which have
Ken substantially carried out. Operations and earnings for five years
Oadensburg <Z Lake Champlain.—March 31,1881,
Point, N. Y., to Ogdensburg, N. Y., 118 miles;
122 miles. The earnings of the road having

past were as

follows:




...

void.

_

.

-

-

-

-

■

•

purchase or the Springfield Div. in 1875 as
The various phases of litigation in regard to this

to annul the

fraudulent and

company have

yet
Buit

reported from time to time in the Chronicle. There are
$97,000 of old first mortgage 7s, Western Division, outstanding.
is also pending to foreclose Springfield Division,
See V. 32, p. 229.
Pref. stock has prior right to a cumulative dividend of 7 per cent before
any dividend shall be paid on com.; after payment of 7 per

been

cent for any

RAILROAD

1881.]

Subscribers will confer a great
explanation of column
*
on

Ohio d

first page

headings, &c., see notes

of tables.

consolidated mort. ($3,445,000 are s.
Consolidated mortgage, sterling.

f.)

consolidated sinking fund mortgage

Debenture sinking fund bonds (for$1,000,000)...
Soring. Div. (Sp.&Ill. SE.) IstM. (for $3,000,000).
Ohio

Southern—1st mort. ($15,000 per
mort., income ($15,000 per mife)

mile)

2d
Old Colony—Stock

Bonds(not mortgage) coupon
do
Bonds
do

1875-960.
Bonds
Bonds

Bonds

Bonds

do

do

do

do

do
do

do

3

Income

do

mortgage bonds

Syracuse—Stock, 9 per cent guar

Mortgage bonds
Consol, mortgage (guar.

D. L. & W.)

General mortgage, sterling,
Sinking fund subsidy, gold
Passaic d Delaware—StocK

$1,000
1,000

1868

£200

393

1871
1874
1681

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

1881

1,000
100
500 &c.

6,505,850
112,000
3,832,000
140,000
2,019,000
1,920,000
1,920,000
7,333,800
390,500

1000&C.

(£1,000,000)

Paterson d Hudson—Stock
.Paterson Newark d New York— 1st mortgage

Rate per
Cent.

$174,000

1868

32,000

m.

m

+

m

228
128
128
454

1873

m

n

Bonds—Princi¬

306

1,100,000
2,000,000

1,000

1881

1,692,000

6
3
7
5
7
6
6
6

6,000,000

6 g.

1.000

1880

1,000

28%

^ ^

186
186
65

300,000
25,000 p. m.
(0

1,000
1,000

350,000
200,000

50

1865
1866

1.320,400

35

35

500,000

4,395,000

48
....

58&64 500 &c.
1876
1,000

65
48

1879

48
48
15
15
11

1867
1880

-

-

*

3,000,000

....

....

4^
7
8
7
7
7

1,000

1,000

7
7

7

500 &c.
500 &c.
100
£200

(0
630,000
500,000

& J.
& J.
& O.
& N.
& N.
& D.

London.

& D.

New York, Office.
do
do
do
do
New York.
do

Boston, Office.

&

M.
J.
M.
F.
A.

24*26

1881

do
do
do
do
do
do

S.

& D.
& S.

Stocks—Last
Dividend.

April 1, 1882
Jan. 1, 1893
Jan. 1, 1898
April, 1911
May 1, 1883
Nov. 1, 1905
June 1, 1921
June 1, 1921
July 1. 1881

New York, Office.
do
do

& J.

Sept. 1, 1884
March 1,1894

June 1,1895

Sept. 1, 1896
& A.
Aug. 1. 1897
New York.
A 0.
July 1, 1921
July 15,1891
Men. 1, 1906
Oct. 1, 1900
A. & 0. New York and London.
-

gg-

338,000

& 0.

Various
M. & S.

7
7

124,000
299,994
1,141,200
400,000
1,000,000
7,000,000
3,989,000

1,000

1877
1877
1879
-

6 g.
7
7
7
6

pal,When Due.

When? Where Payable, and by
Whom.
Payable
A.
J.
J.
A.
M.
M.
J.
J.
J.

7
7

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

m

1871
1864
1874
1875
1876
1877

^

Paducah d Elizabethtown—1st mortgage
2d mortgage, income
Painesville d Youngstown—1st mortgage
2d mortgage, income, convertible

Panama—Stock

Amount

1862

do
do

&

Oswego d

.

Outstanding

393
393

and registered
do

California—1st mort., gold
Oregon Central—1st mortgage
2d mortgage.
Oregon Pacific— 1st mort., land grant, gold
Oregon Short Line— 1st mortgage
Oswego d Borne—1st mortgage guaranteed

Oregon

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

148

and funded debt bonds

1st
2d

discovered In these Tables.

INTEREST OR DIVIDENDS.

Mississippi—(Continued)—

Income

*lr

AND BONDS.-

favor by giving Immediate notice of any error

DESCRIPTION.
vnr

STOCKS

-

•

^

■

OCTOBER,

M. & N. N.Y.,Farmers’ L.&T.Co.
do
do
F. & A.
F. & A. N. Y.,Del.,L. & W. RR.
do
do
M. & N.
do
do
M. & S.
F. & A, N. Y., Ex. Norton & Co.
do
do
April.
New York, Agency.
J. & J.
do
do
J. & J.

Q.—F.

7 g.
6 g.

A. & O.
M. & N.

4%

J.

&

1907
Feb. 1, 1897
Feb. 1, 1897
Jan. 1, 1910
Jan. 1, 1915

Aug. 1, 1881

New York, Office.
London.
New York.

’84 to ’89 &’97
Nov. 1, 1910

July 2, 1881

New York.

J.

May, 1915
Feb., 1891
Aug., 1881
1880 & 1885

7

Painsville d
Ohio, to] Youngstown, Ohio, 65
the surplus of tliat year (if any) shall be divided miles. The old Youngstown.—Fairport, and road was sold in foreclosure
company made default,
Operations and earnings for three years past :
Years.
'
Gross Earnings. Net Earnings. June 2,1879. Under the reorganization bonds are issued as above,
Miles.
615
1878
$3,136,836
$864,548 and the stock is $288,000. The income bonds have votes, and are con¬
vertible
3,502,239
1879
615
1,058,975 road lias into stock. Christopher Meyer, President, New York. The
possession
enterprising managers in
gone
1880.
615
1,256,709 1881, who put into the capital and of new and the road.
4,376,310
in new
completed
Various back coupons were paid in 1880 and on Dec. 31 there re¬
mained four coupons overdue on 2d mortgage, amounting to $536,480,
Panama.—Dec. 31,1880, owned from Aspinwall to Panama, 48 miles.
and five coupons on Springfield Division bonds, $348,075. (V. 30, p. 43, Opened through January 28,1855. This road had a practical monopoly
67. 92,144, »19, 249, 298, 358, 434, 567, 675 ; V. 31, p. 20, 46. 68, 12$, of the California business till the opening of the Pacific Railroads in
153, 282, 358. 398, 429, 446. 484, 589. 653: V. 32. p. 16.156, 229,356, 1869. Of the first mortgage bonds $1,000,000 fall due in ten half578, 659, 686; V. 33, p. 74, 202, 275,304, 358, 385, 412, 442.)
yearly payments beginning 1884 and balance ($2,989,000) in October,
The $3,000,000 subsidy bonds are secured by a pledge of the
Ohio Southern.—This company, in its statement to the New York 1897.
Stock Exchange, June, 1881, says that the corporation is organized sum of $225,000 annual subsidy payable to the U. 8. of Colombia by
under the laws of the State of Ohio. The road runs from the city of the company. In June, 1881, most of the stock was sold to parties
Springfield, in the county of Clark, in the State of Ohio, to the village of interested in the de Lessens Panama Canal Co. The report for 1880 was
Rockwood on the Ohio River. Length of road completed and in opera¬ in Y. 32, p. 393, and the income accounts for four years as follows:
tion : Springfield, Ohio, to Coalton, with extensions and branches now
1877.
1878.
1879.
1880,
completed, 128 miles. Stock (par $100), $3,840,000. B. S. Henning,
$
$
Receipts—
~
$
$
President. (V. 32, p. 637; V. 33, p. 441.)
Net earnings
1,230,420 1,227,292 1,202,144 1,014,630
Old Colony (Mass.)—Sept. 30,1880, owned from Boston to Province- Rentals ana interest, &c.... 149,937
196,269
254,392
264,230
*
ioo.odv
town, Mass., 120 miles, and lines to Kingston, Plymouth and Somerset jLUscount on suDsiay
June., Mass., and to Newport, R. I.; total, 249 miles; numerous branches, Other receipts.
163,294
158,887
195,213
184,185
one

year on com.,

between both

classes.

50 miles in all; leased—Boston Clint. Fitchb. & N. B., 125 miles; Fram¬
ingham & Lowell RR., 26 miles; Dorchester & Milton RR., 3 miles; total
length of all lines, 453 miles. The Cape Cod Railroad was merged in
this October 1.1872.
In December, 1878, a contract of lease was made
with the Boston Clinton Fitchburg & New Bedford for 999 years, the

in which it was stated: “During the year 4,000 shares of new stock
have been sold for $436,750. The money derived from this source has
been used to meet the indebtedness incurred by the purchase of the
lands at Fall River, and to pay the maturing liabilities. Notes amount¬

ing to $210,250 have been paid, and of the bonds falling due October 1,
1880, $127,500 have been retired and canceled.
Operations and earnings for five years past were as follows:
Passenger Freight (ton) Gross
Net
Div.
Years.
Miles. Mileage.
Mileage. Earnings. Earnings, p. ct
269 59,025,834 17,896,779 $2,122,518 $645,990 6
290 50,628,616 21,387,713 2,174,884 720,711 6
301 58,245,895 18,446,307 2,077,616 703,278 6
453 72,805,238 42,450,366 2,798,029 1,090,799....
453 89,502,519 51,169,628 3,483,233 1,258,831 6
-(V. 29, p. 537; V. 30, p. 15 ; V. 31, p. 533; V. 32, p. 44.)
Oregon d California.—Line of road—Portland, Or., to Roseburg, 199
miles; West Side Division, 97 miles; Lebanon Branch, 11 miles. Total
finished, 306 miles; projected, 288 miles. This company succeeded to
the Oregon & Central Railroad, organized under act of Congress July 25,
1866, and took that company’s land grant. The company' has been in
default since 1873, and at Frankfort, Germany, May 5, 1881, the bond¬
holders voted Mr.Villard’s plan of reorganization, and appointed Messrs.
Villard, Bretlierton and Peebles, trustees. The plan provides for tthe
issue of preferred stock for the old bonds, $12,000,000, and common
stock for $7,0( 0,000; also for $6,000,000 new mortgage bonds.
(V. 27,
p. 358, 437; V. 32, p. 527, 569, 659.)
Oregon Central— Portland to St. Joseph, Oregon, 49 miles. Opened
November 3, 1872. The Oregon & California Railroad have obtained
control of this line and propose to extend it to South Corvallis, 50 miles.
In 1878 there was a net loss on operations. T. R. Cornelius, President,

Portland, Oregon.
Oregon Pacific—Road in
60 miles from Corvallis to

progress;

projected line, 600 miles,'of which

Yaquima is to be finished immediately. Land
grant, over 9C0.000 acres. (V. 31, p. 358, 383; V. 33, p. 93.)
Oregon Short Line.—Projected road from Granger on the U. Pac. into
Oregon 600 miles, built under U. P. control. One $1,000 bond and $500
in stock sold to U. P. stockholders for $1,000 cash. See V. 33, V. 126.
Oswego d Home— Richland, N. Y., to Oswego, N. Y., 29 miles. Road
opened January 1,1866. It is leased to the Rome Watertown & Ogdensburg Railroad at 8 per cent on its stock and 7 per cent on guar, bonds.

Oswego d Syracuse.—Sept. 30,1880, owned from Oswego, N. Y., to Syra¬
cuse, N. Y., 35 miles. Leased in 1868 to the Dela. Lack. & West. RR. Co.
for 9 per cent per year on stock and interest on bonds. In 1878-79 net
$120,767; payments, $151,141; deficit to lessees, $30,374;
1879-80, net, $186,856; payments, $152,471; surplus, $34,385.

income was

4

Paducah d Elizabethtow?i.—E\izdbethtovm. to Paducah, Ky., 186 miles.
ormerly Elizabethtown & Paducah, and again the Louisville Paducah

cz

Southwestern.

The road and

a

branch to Louisville were foreclosed

August 24,1876. The Cecilian branch to Louisville, 45 miles,

was

12,500

Total disbursements....1,311.968

840,000

910,000 1,120,000

9,939

6,706

250,000

250,000

250,000

12,932

1,342,821

Balance, surplus
231,683
239,627
-(V. 28, p. 376, 402, 580, 381; V. 31, p. 511; V.
637; V. 33, p. 12, 48, 412.)

$1,426,500 and preferred $1,426,500.




on income bonds in

210,957 def.17,741
32, p. 156, 393, 469,

and this

operated. Nominal stock, $1,000,000. Samuel Sloan, President, New
York City.
Paterson d Hudson.—Jersey City, N. J., to Paterson. N. J., 15 miles.
The road was opened in 1834, and leased in perpetuity September 9,
1852, to the New York & Erie, at a rental of $53,400 per year. J. S.
Rogers, President, New York City.
Paterson Newark d New York.—Leased to New York Lake Erie &
Western at

$35,000

per year.

Pennsylvania—Dec. 31,1880, the mileage operated cast of PittsUurg
and Erie, on which earnings as reported were based, was divided as

follow*}: Pennsylvania Division and branches, 1,120; Philadelphia &
Erie Division, 287; United Railroads of N. J. and branches, 402; total
operated, New York to Pittsburg, with branches, 1,809. The operations
of the Pennsylvania Railroad cover so large a field that a reference to
the annual reports published in the Chronicle is necessary to give
any adequate idea of its -working and condition from year to year.

The total cost of stocks and bonds of other companies owned by Penn¬
sylvania Railroad was $61,833,681, and the par value $98,144,596. In
March, 1881, the company purchased over 200,000 shares of the Phila¬
delphia Wilmington A Baltimore RR., and the directors authorized the
issue of $20,000,000 new stock of the Pennsylvania RR. A part of
this stock was offered at par to stockholders of record April 30,1881, at
the rate of 12% per cent of their holdings. In July, 1881, the 4 per ct.
bonds secured by P. W. & B. stock were issued, and $260,000 are to bo
drawn and paid yearly. A scheme to buy up the company’s guaranteed
securities with $100,000 per month from earnings. The entire amount
paid by the company into the Trust up to the end of 1880 was $1,300,000.
There have been purchased for the fund securities of the par
value of $1,401,850, which yield an interest of 6*84 per cent per annum
upon the investment.
An abstract of the latest report issued, that for 1880, was published in
the Chronicle (V. 32, p. 262), showing surplus net income of $2,817,655
after paying all charges and 4% per cent dividend. The managers re¬

marked as to their general policy: “ The cost of all new construction
work not properly chargeable to the expense account .is each year
added to your capital account—the funds for this purpose for the past
two years having been obtained largely by the sale of such securities
owned by the company as it was deemed wise to dispose of.”
A summary of the total business of 1880 in tonnage, passengers

earnings, compared with previous years, is
ALL LINES EAST OF

1877.

Gross earnings

shown in the following;

PITTSBURG & ERIE.

1878.

1879.

and.

1880.

$41,260,073
19,028,467 18,468,994 20,382,740 24,625,043

$31,117,146 $31,636,734 $34,620,279

An interest dividend of Operating expenses.
April, 1881, out of earnings of
1880. Net earnings in 1880-81, $98,146. (Y. 30, p. 43*; V. 33, p 73.)
Net earnings.... $12>088,679 $13,167,740
is

?<£££ °£nt was paid

1,440,792 1,647,453

Passaic d Delaware—Summit, N. J., to Bemardsville, N. J., 15 miles.
The New Jersey West Line Railroad was sold in foreclosure
company organized October, 1878, by parties identified with the Morris
& Essex lessees (Delaware Lackawanna & Western), by whom it is

sold

to the Louisville & Nashville Railroad. In 1881 an interest in
inis road was purchased for the Ches. & Ohio system. The common

stock

1,543,651 1,582,448 1,651.749 1,629,712
$
$
$
$
209,468
239,889
270,853
270,747

840,000
that road and pay as rental 10% per cent of the
roads. The Wollaston disaster cost the company Subsidy to U. 8. Colombia.. 250,000
The last annual report was in the Chronicle, V. 31, p. 533,

Old Colony to operate
gross earnings of both

$348,453.

Total income
Disbursements—
Interest on debt
Drawbacks on produce
Dividends

$14,237,539*$16,635,02S

Subscribers will confer a great favor

on

by giving immediate notice of any error discovered In

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

Miles

of column headings, &c., see notes
first page of tables.

$50
1,000

1,669

Pennsylvania—8 tock

Gen.^M.,

Ph. to Pitts., coup., J. & J.; reg.,

1870

A. & O.

State lien (pay’ble in annual inst’lm’ts of $460,000)
Consol. M., coup. J. & D., & reg. Q.—M. is. f. 1 p. c.)
do
gold
Bonds, reg. ($10,000,000 P. W. & B. stock collat’l)
Car Trust certificates
Navy Yard bonds reg. (extended 20 years in ’81)

Pennsylvania Co.—Stock
Reg. bonds, secured by P. Ft.W.& C. special stock
Bonds, gold, secured by pledge and guarantee....
Pennsylvania dk New York—1st mort., guar
1st mortgage, guaranteed
.T

Peoria dk Jhireau Valley—Stock

1st mortgage bonds T.
Peoria Decatur dk Evansville—Stock

....

1873
1879
1881
*77-’80
1875

Amount

Outstanding

3,833,066
28,610,540

1*600

5,000,000
10,000,000
5,048,000

1,000

1,6*00

ids
105
46
47

1877
1881
1866
1866

1,000

1,000,000
20,000,000
2,857,000

2*2

10,000,000
1,500,000
1,500,000
1,200,000
300,000
8,400,000
1,287,000

4*sg.

1,000
1,000
1,000

1,000
100

1853

181

Income bonds,
do
not accumulative
1st mort. (Evansville Div.)
Income bonds (Evansv. Div.), not cumulative
Perkiomen—1st mortgage
Consol, mort., gold.'giiar. P. A R., (sink, fund)

38
38
11

Peterborough (N. H.)—Stock

82
82
82
36
36
10

(payable $25,000 yearly)

-

2d mortgage (Pa.)
1st mortgage (Md.)

1859
1869
1866

287

PKiladelphia'dk Erie—Stock, common.
Preferred stock
1st mort., Sunbury& E. (extended
2d mortgage
Consol. M., gold, guar by Pa. RR.

1880
1880
1880
1880
1867
1873

1877

Bonds (not mort.)'* redeemable after 1882
Petersburg—Stock

Philadelphia & Balt. Central—1 st mort. (Pa)

20 years in ’77).

($5,263,000 5s)

Philadelphia Germantown dk Norristown—Stock.

4
6
5
6
5
4
6 g.
5

19.999.760

50

....

1 st mort., gold (Pekin to Mattoon)

1st mort. bonds
2d mortgage

Rate per
Cent.

$77,470,200

789781
k

IVOL. XXXIII.
tbese Tables.

Bonds—Princi¬
pal,^When Due.
Where Payable, and by
Stocks—Last

INTEREST OR DIVIDENDS.

DESCRIPTION.

For explanation

AND BONDS.

STOCKS

RAILROAD

40

287

287

1857
1868
1869

1,000
1,000

7
7
4
8
6 S•
6
6
6
6
6 g.
3
6
3
8
8
7
7
6

858,000

1,470,000
1,230,000
799,600
1,125.000

1,000

1,000

100

1,000

385,000

100
500 &c.
100

147,000
1,324,200
500,000
300,000
800.000

100 &c.
100 &c.
100 &c.
50
50

400,000
300,000

7,013,700
2,400,000
976,000
3,000,000

1,000
1,000
1,000

29

...

6

13,943,000
2.231,900

50

When

Dividend.

Whom.

Payable

Philadelphia, Office.
Philadelphia & Loudon.
A. & O.
Philadelphia, Office.
Q.-M. Philadelphia & London.

M. <fc N.

May 28,1881
1910

Q.—J.

do
do

& D.
J. & J.

J.

do
do

do
do
& J.
& D. Pittsburgh, Co.’s Office
N. Y., Nat, City Bk.
Q.-J.
New York.
J. & J.
J. & D. Phila., B’k N. America.
do do
J. & D.
F. & A. N. Y.,Chic.,R. I. & Pac.
do
do
F. & A.
J.
J.

J. N. Y., Met. Nat. Bank.
do
do
New York.
M. & S.
&

J.

•

•

•

•

M. & S.
A. & O.
J. & D.

May.

June 15,1905
Dec. 1, 1909

July 1, 1921

Phil.,Pa., Co.,forins.&c.

....

Annually.

do

Phila., 227 S. 4th st.
do
do
Nashua, Treasurer.

Jan.

1, 1901

June, 1881

July 5. 1907
July 1, 1921
June 1, 1896
June 1, 1906

Aug., 1881
Aug. 1, 1893
Jan.
Jan.

1, 1920
1, 1920*
Sept. 1, 1920
Sept. 1, 1920
Apr. 1,1887
June 1,

1913

May, 1881
Oct. 1, 1897"

A. & O. Boston, N. E. Trust Co.
Jan., 1872
J. & J.
Jan , 1879-’98
T. & J.
Petersburg, Va.
1902
do
do
Jan., 1879
J. & J.
Philadelphia, Office.
do
do
Jan., 1900
J. & J.
do
do
Oct., 1891
J. & J.
'

Philadelphia, Pa. RR.
75 & 6 g.

A. <fe O.
J. & J.
J. & J.

3

Q.-M.

7

do

do

Philadelphia, Pa. RR.
Philadelphia & London.

Oct.

1, 1897
July 1, 1888'
July, 1920

Phila.. Treasurer of Co.

June 3. 1881

Railway).—November 30, 1880,
York State Liue, 104 miles.
Branches to mines, 23 miles. Operated in connection with the Lehigh
Gross earn’gs, .all lines, from traffic.$60,362,575 $70,764,062 $10,401,486
Valley Railroad.
Common stock, $1,061,700, and preferred stock,.
Gross operating expenses
35,639,794 42,179,48#
6,539,690 $4,000,000. Net earnings in 1878-9, $599,791; in 1879-80, $915,132.
Robert A. Packer, President, Sayre, Pa.
(V. 30, p. 220 ; V. 32, p. 98.)
Showing net earnings
$24,722,780 $28,584,576 $3,861,795
Peoria £ Bureau Valley.—Bureau Junction to Peoria, Ill., 47 miles.
INCOME ACCOUNT, 1880.
The road was leased in perpetuity April 14, 1854, to the Chicago & Rock
Net income Pennsylvania Railroad Division
$10,051,485 Island Railroad at a rental of $125,000 per annum. Officers same as
Net loss New Jersey Division
1,035,308 Rock Island.
ALL LINES DIRECTLY

OPERATED EAST AND WEST OF FITTSBURG.
1879.
•
1880.
Increase,

$9,016,176

Balance
From this deduct all charges

of every sort, including the

$600,000 for the purchase of guaranteed securities, total.

1,377,607

Leaving to credit of profit and loss account
Add balance of amount realized from settlement of old ac¬
counts, and profit on sale of securities

$2,817,655

Pennsylvania <£■ New York (Canal and

owned from Wilkesbarre, Pa., to New

Peoria Decatur dk Evansville.—Peoria to Evansville, 250 miles, of
which 60 miles remained to be finished October, 1880. This road is a
consolidation of the Pekin Lincoln & Decatur RR. (formerly leased to

the Wabash) and the Decatur Mattoon & Southern and the Graj’ville
& Mattoon. The bonds were placed on N. Y. Stock Exchange in September,
Showing balance to credit of income account after deduct¬
1880.
On July 16,1881, voted to issue $2,400,000 new stock for new
ing all payments for whicn the company was responsible. $7,638,569
Out of which were paid dividends of 7 per ceut
4,820,914 lines, Ac. See V. 32, p. 659. (V. 30, p. 92, 222, 375, 434, 493; V. 31, p.

795,220

$3,612,875

Add amount to credit of profit

4,181,073

and loss, Dec. 31,1879

profit and loss Dec. 31, 1880
monthly range in prices of Pennsylvania RR. stock in

$7,793,948

Balance to credit of

The

have been

1880.

52*3-5058
53 -515s

Jan

Feb

March.

April

.

....

5234-513*

5478-5238

May

55

-48

June

54

-49*4

1881.
67*4- 6478
66*3- 62*4
6730- 64*8
70*8- 66*8
69*3- 643s
66^- 643s

Philadelphia

1880.

5738-53

July
August..
Sept’ber.
October
Nov’ber

5858-57^
60*4-57*4
62*3-573*

.

63

.

Pennsylvania Company.—The Pennsylvania Company is a corporation
April 7, 18^0, distinct from

all the leased lines west of

The stock is owned by the Pennsylvania RR., and in 1880
the common and preferred were merged into one’class of stock, mak¬
ing $12,000,000, which was increased to $20,000,000 prior to the issue
Pittsburg.

$10,000,000 bonds in May, 1881. The whole number of miles
operated or in any way controlled by this company is 3,547. The in¬
come account of tlie Pennsylvania Co. for 1880 and 1879 was as follows:

of the

1880.

1879.

/ $848,725

op
Profits from operating leased roads—
bu rg l or
Pittsburg' Fort Wayne
New Castle & Beaver
Lawrence

$866,613

.$1,589,543

$922,366

Valley

Cleveland &'Pittsburg
Jeffersonville Madison & Indianapolis

.

71,226
6,868
307,378

64; V, 23, p. 101.)
Peterborough.—’Wilton to Greenfield, N. H., 11 miles. Completed Jan.
1, 1874. and leased by Nashua & Lowell Railroad for 20 years from'
1873 at 6 per cent on cost of the road. In 1879 lessees withheld rental,,
but a suit was decided in favor of Peterborough. Jarnes Scott, Presi¬
dent, Peterborough, N. H. (V. 32, p. 16.)
Petersburg—Petersburg,Va.,to Weldon,N.C.,64 miles. In May, 1877r
Receiver was appointed and foreclosure sale was decreed April 20,
1880, but steps were taken by second mortgage bondholders to prevent

486

8,693
95,237
17,553

p.

577,697

540,233

.$3,401,439

$2,451,185

.

Deduct—

Expenses Proprietary Dep. and int. on bonds..
Loss in operating leased roads—
St. Louis Alton & Terre Haute
Erie & Pittsburg
Massillon & Cleveland

.

.

$603,799

242,819
5,365
148,583
24,384

the overdue obligations and re-organizing.
(V 30, p, 249; V. 31, p. 306; V. 32, p. 232, 444,

sale by paying

501, 613.

686.)

See V. 32,.

501, 613,.

Central.—Westchester Junction to Octoraro
miles, and Columbia <fe.
operated, 57 miles. Bonds are all
Central RR. Co. The
common stock is $220,606 and preferred $242,950.
Net earnings in
1877-8, $86,849 ; in 1876-7, $96,195; in 1875-6, $124,701.
Philadelphia & Erie.—Dec 31,1880, owned from Sunbury to Erie, 287
miles. Formerly Sunbury & Erie RR. It was leased to Penn. RR. for 999*
years from January 1, 1862, the lessees to pay 30 per cent of cross
receipts as rental, but modified January 1, 1870, so that actual net
receipts are paid as rental. The consolidated mortgage is guaranteed by
the Pennsylvania Railroad. The bonds due March ’81 will be paid and
the consol, guaranteed bonds at 5 per cent issued to same amount. The
unpaid coupons of $1,534,034 are held by the lessee for advances.
Philadelphia <6 Baltimore

Md.. 46 miles; leased Chester Creek Railroad, 7
P. Deposit Railroad, 4 miles; total
owned by Philadelphia Wilmington & Baltimore

Last annual report was in V. 32, p.
five years past were as follows:
Years.

$1,975,016 $1,044,338

Received from investments.

Reading scrip, according to the Philadelphia
Net earnings in 1880 were $118,602. (V7 30,.

p.

a

454, 484, 589, 673; V. 32, p.
422, 469, 501, 578, 613, 635,

chartered by the Pennsylvania Legislature,
the Pennsylvania Railroad, and operates

years in Philadelphia &
& Reading compromise.

a

-60

67*4-61*3

Dec’ber..

—(V. 31, p. 20,96,123,228,306. 329,445,
122, 230, 262, 265. 288, 289, 334, 336,
686; V. 33, p. 23, 93, 125, 226, 358.)

1881.

653s- 6278
65*3- 63*8
66 %- 637s

329; V. 32, p. 288, 659.)
Perkiomen —Perkiomen Junction, Pa., to Emans Junction, 39 miles.
The road was leased for nineteen years from August 1, 1868, to Phila¬
delphia & Reading Railroad, and bonds guaranteed by tho lessees; but
the property was surrendered and all control given up in May, 1879.
One-half the interest on the consolidated mortgage was paid for three

1880..^.

Passenger

Miles.
287
287

287
287
287

Mileage.
22,425,613
12,466,005
11,444,005
11,562,653
14,792,169
V. 31, p. 653;

)perations and earnings for
204. Oj

Freight (ton)

Mileage.

340,390,703
335,727,141
381,300,202
505,918,017
559,280,067

Gross

Earnings.

Net

Earnings.

$3,352,979 $1,164,533
3,172,993

1,123,366

876,111
2,921,060
961,549
3,091,807
3,727,733 1,369,379

V. 32, p. 204.)
Philadelphia Germantown dk Norristown.—Philadelphia, Pa., to Norris$646,541 town, Pa., 17 miles; Germantown Branch, 3 miles; Plymouth Railroad,
9 miles; total, 29 miles. The property was leased Nov. 10, 1870, to
51,039 Philadelphia & Reading Railroad for 999 years at a rental of $269,623
and $8,000 yearly for organization expenses. Dividends of 12 per cent
232,653
-(V. 30, p. 190,

per annum are

regularly paid.

Philadelphia Newtown dk New Yoi'k.—From Newtown Junction to
Newtown, Pa., 22 miles. Capital stock, $1,200,000. On November 10,.
1879, the Philadelphia & Reading Railroad purchased 12,012 shares,,
(See
.$1,024,952 $1,098,530 giving control of the property, and guaranteed the bonds
.$2,376,487 $1,352,655 Chronicle, V. 29, p. 512.)
480,000
Deduct dividend on capital stock, 4 per cent..
Philadelphia <C Reading.—Main line, Philadelphia to Mount Carbon,
Pa., 98 miles; branch lines owned, 233 miles; leased lines, 49a
.$1,896,487 $1,352,655 miles; other lines controlled, 66 miles; total operated, 892 lines. In
The registered bonds are secured by deposit of $4,000,000 of Pittsb. Ft. May, 1879, this company leased for 990 years the North Pennsylvania
Wayne & Chicago special stock. The gold bonds of 1921 are secured by Railroad and Delaware A Bound Brook Railroad, and at same time gave
up the Perkiomen Railroad.
(See terms of lease under names of those
a deposit in trust of the leases of the Pittsb. Ft. Wayne & Chic, and the
Cleve. <fc Pittsb. railroads and are also guaranteed by the Penna. RR. companies.) The Berks County RR. was purchased at foreclosure and
Co. The trustees of the inert, are Wistar Morris, Edmund Smith and S. paid for in bonds. The main business of this company has been the transM. Felton. They were issued to supply funds for purchasing the C. C.
ompany is a corporation formed (Dec. 12,187I) for the purpose of own¬
& I. C. bonds and other purposes, and the whole authorized issue is $20,000,000. The sinking fund is 1 p. c. per ann. if the bonds can be bought ing and working the extensive coal properties of this company. The
at par. See V. 32, p. 122.—(V. 30, p. 431; V. 32, p. 122, 569, 637; V. Philadelphia & Reading RR. Company owns all the stock of the Coal & IroD
Company, and the trustees of the general mortgage of 1874 hold the bondS3, p. 72,126.)
Indianapolis & Vincennes
Cash advanced to Cin. Richmond & Ft. Wayne.




.

141,974
26,320

.

gortation of anthracite coal. The Philadelphia &

Reading Coal & Iron

■

INTEREST OR DIVIDENDS.1

DESCRIPTION.

exDlanation of column
on

Miles Date
of
of
Road. Bonds

tables.

Philadelphia Newtown dt New York—Stook
Bonds, guar, by Phila. & Read., coup

m

do
do
debenture
mortgage.

do

m

m

»

•

m

•

•

-

•

•

...

•

1,000

1836

£100
£500

•

^

•

.

.

g’ld

I 63
200

200
117

Steubenville A Did., reorganized...

1,000

1843
1867
1868
1868
1871
1871
1871
1873
1873
1874
1876

• •

•

.

1843-9
1857

26
112
95

.*

Pittsburg Bradford d Buffalo—1st mort.,coup.,
puts. C. dt St. L.—1st m., cons, (for $10,000,000)
2d mortgage

1,000
100 &c.

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

1,000
1,000
1,000

1879
1877
1877
1878
1872-4
1872
a

m

m

_

.

.

.

3,472,973

1,832,760
586,000
13,036,500

....

1,000

1,731,000
1,259,100
11,585,750
240,500
1,000,000
700,000

100
50
500

m

1858
1867
1872-4
1875
1880
1881
1868
1873
1864

1,135,300
2,700,000
10,649,000
6,999,000
968,000
10,499,900
9,364,000
19,686,000
2,331,000
10,000,000

10 &c.
90 &c.

....

1875-960.

182,400
967,200
134,400

2*3

Q.-J.
J.
J.
A.
A.
A.
J.
A.
F.
A.

5

3,000,000

1,000

J.

6 g.
7
7
6

2,500,000

1,000

do
do
do
do

....

4
6
6
6
6

500,000
6,684,000

1,000

Oct. 1, 31897
Jan. 25,1876

July 25,1876

do
do
do
do
London.
do

t

1,000,000

1,000

Stocks—Last
Dividend.

Payable, and by

& J.
J. A J.
J. & J.
J. A J
do
J. & J.
J. A J
Philadelphia, Office.
do
do
A. A 0.
do
do
J. & D.
J. A D. Philadelphia A Loudon.
J. A D.
Philadelphia, Ottioe.
n
do
do
J. & J.
A. A O. Philadelphia or London
G
6 g. J. A J. London A Philadelphia.
J. A D.
7
Philadelphia, Office.
do
do
L & D.
6
do
do
J. & J.
6
6 g. J. & J. London A Philadelphia.
Philadelphia, Office.
3, 4,5, 6 M. & N.
Various London A Philadelphia.
7
M. & S.
7
Philadelphia, Otlice.

800,000

1.000

Q.-J.
Q.-J.

4 & 6
6
6
5 g.
6
7
6
7
7
0 g6 g-

pal, When Due,

Phila., 227 So. 4th St.
Philadelphia,. Office.

A. A 0.

6

2*fl
3*«

.

1,000
1,000

A
A
&
&
&
&
&
A
&

J.
J.
O.
O.
O.

Philadelphia, Office.

July, 1880
July, 1886
July, 1880
July, 1880
July 1, 1882
July 1, 1893
Oct. 1, 1893
June, 1911
June, 1911
June, 1911
Jan. 1, 1893
Oct. 1, 1897
July 1, 1908
Dec. 1, 1896

July, 1882
July, 1882
May 1, 1898
1892 to’94
1892
Oct. 10. 1881

Philadelphia A Boston. July 1, 1881
do
do

do
do

July, 1884
April, 1887

Phil’delphia, Co.’s Office Oct.

D.
0. N.Y., Nat.
A.

do
do

do
do

Bk.Republio.

Pliila., Pa., RR. Office.

O.

M’nthly

do

do
New York,

1.

1892

April 1. 1900
June, 1910
April 1, 1911
Aug. 1, 1900

April 1, 1913
May. 1884

Ageney.

Philadelphia Wilmington dt Baltimore.—Philadelphia, Pa., to Balti¬
Md., 96 miles; Port Deposit Branch, 4 miles; Southern Division to
Rodney A Newcastle, Del., 12 miles; total, main line and branches, 112
miles; Delaware Railroad (leased), 95 miles; total operated, 207 miles.
This road, on the main line to Philadelphia and Washington, has paid 8
per cent dividend for many years, with a considerable surplus.
In May,
1880, purchased two-thirds of stock of the West Chester Philadel. RR.
(See Y. 30, p. 545.) For the terms of Delaware lease, see Delaware RR.
In April, 1881, over 200,000 shares st<HJk was bought by Penn. RR.
Co. Operations and earnings for five yeara past were as follows:

the Coal A Iron Company. Between 1870 and 1876 this corporation
increased heavily its capital account in the purchase of new properties,
and after paring 10 per cent dividends for many years ceased to pay
after January, 1876. The company was unable to meet all its obliga¬
tions, and in March, 1877, holders of the general mortgage bonds and

more,

Periokmen guaranteed bonds agreed to take one-half their coupons for
three years in 6 per cent scrip; and holders of convertible and debenture
bonds to take 6 per cent scrip in payment of tlieir coupons for five years.

The scrip

Tables.
Bond#—Princi¬

,

Whom.

Rate per When Where
Cent.
Payable

'700,000

32,726,375
1,551,800
1,800.000
1,510,500
79,000

50
50

1880

....

•

$1,200,000

m

745
750

Improvem’t mort., $ or £, sink’g fund, coup
Gen. mort., $ and £ (sink, fund 1 p. c. yearly)
Income mortgage (for $10,000,000)
Income mortgage of 1879
Debenture and guar, bonds, 6 percent cur’cy scrip
Gen. mort. and Perkiomeu 6 per cent ster’g scrip
Bonds for Berks Co. Railroad
Coal & Iron Co., guar. mort. (for $30,000,000). ...
do
debentures, guaranteed
Philadelphia d Trenlon—Stock
Philadelphia Wilmington d Baltimore—Stock

Outstanding

Amount

100 &c.

779
779
779
779

do
do $, gold, coup, or reg
Debenture loan (convertible 1876-92), coup

1875-690.

m

»

•

1st mortgage, convertible.
Plain bonds, loan
do
do
do
do
do
do

m

779
779
779
779
779

Consolidated mort., $ loan, coupon or reg
do
gold, $ or £, coup
do

1st mortgage,

m

m

(Extended in 1877.)

do

*

•

Preferred stock
Receivers’ certificates ......
Mortgage loans inconvertible
Loan mortgage, convertible
Loan mortgage, sterling
do
do
Loan
Loan

or
Par
Value.

21

Philadelphia dt Reading—Stock, common
_

Size,

$50

headings, &c., see notes

first page of

xivii

BONDS.

great flavor by giving Immediate notice of any error discovered In these

Subscribers will confer a

u-nr

AND

KAILROAD STOCKS

1881.]

October#

is convertible into income mortgage bonds.

May, 1880, the company suspended payment, and on May 24
Franklin B. Gowen. Edwin M. Lewis and Stephen A. Caldwell were
In

appointed Receivers of the railroad and coal companies. (See Y. 30, p.
567.) At Philadelphia, July 1, a bill was filed for the foreclosure of the
general mortgage of 1874. Interest was paid in full only on the consoli¬
dated mortgage of 1871 and prior mortgages. Certain interest was paid
on the coal land mortgages at reduced rates, and the Jan., 1881, coupon
on the general mortgage was paid Oot. 18, 1881.
The contest as to the
annual election, the litigation as to the bond schemes, <fcc., and the Court’s

Years.

Gross

Passenger Freight (ton

Miles.
Mileage.
100 104,810,706
Ill
59,160,438
112
60,504,494
112
62,102,597

Dlv'd

Net

Earning*. Earning*.
Mileage.
38,094,439 $3,305,438 $1,576,044
1,161,216
42,089,750 2,916,250
1,095,103
2,660,446
46,080,501
1,282,178
58,146,546 2,849,919

p.

ct.
8

1,366,223

3,263,110

422; V. 33, p. 218.)
decision against Mr. 6owen, wero referred to at much length in the
Chronicle, V. 31, 32 and 33, pages indexed below. Also the scheme of
Pittsburg Bradford dt Buffalo.—Road in progress (narrow gauge) from
President Bond in Aug. 1881, V. 33, p. 177.
Foxburg and Emlenton to Clarion and thence to Kane, Pa.^ 103 miles,
of which 63 were finished in July, 1881. Bonds issued at $8,000 per
The prices of Philadelphia <fc Reading stock in Philadelphia, have
mile.
Stock authorized, $1,000,000,
been:
par $100; issued, $550,000.
1881.
1880.
1881.
3 880.
Marcus Hulings, President, Oil City, Pa. (V. 33, p. 359,)
30V 28*8
19*2-13*2
3-1*2- 25% July
36*2-3334
Jan
Pittsburg Cincinnati dt St. Louis— December 31.
1880, owned
12*8- 9*2
33V 29
35 -32
26%- 26
August
Feb
35 V 28%
36V 29*2 from Pittsburg, Pa., to Columbus, Ohio, 193 miles; branch to
36 -3-1*8
Sepl’ber. 16*4-11*2
March...
.

..

23 VI 4*4
32^8 253s October
27*4-20
303s- 26*2 Nov'ber
305s- 8%
27 *8-2278
Deo’ber..
June
30V 28
22*4-1634
The annual report for 1879-80 was not issued until July, 1881, and an
abstract was published in the Chronicle, Y. 33, p. 123.
The following table shows a comparison between the results of the
two years’ operations. The earnings of the railroad company for the
fljseal year ending Nov. 30, 18S0, were as follows:
Earnings.
Expenses. Net earnings.

April
May

3538-29*4

-

....

4

.

$16,938,886

Railroad traffic
Canal traffic
-Steam colliers
Richmond barges......*

$9,247,491
417,417
384,057

100,627

98,183

2,444

$18,520,403 $10,147,148

$8,373,255

8,192,992

223,589

$1,954,156 -$1,286,482
The following shows the net results for the year for the RR. company;
$3,240,638

Increase

1880.

1879.

Increase.

Net earnings

$8,373,254

$7,086,773

$3,366,159

5,515,473

$2,943,317
5,206,878

$422,842
308,595

$8,881,632

$8,150,195

$731,437

$508,378

$1,063,422

Decrease.

$1,286,481

Rentals
Interest

Deficiency

$

$.

$555,044

$

In this statement the full interest and rental charges are included,
whether actually paid or not; whether paid in scrip or now in arrears.
The joint statement of the total receipts and expenses of the railroad
and the coal and iron companies is as follows for the fiscal year:
1880.

$32,177,003

•Gross receipts

Expenses

1879.

$26,937,886

Increase.

Decrease.

20,550,563

$2,473,814 $.

9,205,181

Net earning*
$8,861,137
Interest and rentals 10,071,124

$5,239,117 $
2,765,302

$6,387,323

23,315,865

.

865,942

total, 201 miles.
This waa a consolidation
May 1, 1868, including the Steubenville <fc
This company is controlled
Handle roads.

by the

its stock.

7,086,773

15,279,765

Total, 1879

Total charges...

Cadiz, Ohio, 8 miles;
of several companies,
Indiana and the Pan

Pennsylvania Company, through the ownership of a majority of
This company also holds leases of the Little Miami audits
dependencies and of the Columbus Chicago & Indiana Central road,
which are operated by the Pennsylvania Company, ami their earnings
separately stated. Common stock, $2,508,000; flrst preferred, $2,929,200; second preferred. $3,000,000.
Gross receipts in 18Su, $ l ,339,448;
net, $2,048,722 ; surplus over interest, <fce., $993,798.
Less on leased
$7,691,396 lines, &e., $160,512; net profit, $833,286. The interest «n the second
455,827 mortgage bonds, due from October 1, 1875, to April 1. 1878, inclusive,

873,244
607,646

Total,

(V. 30, p. 545; Y. 32, p. 68, 232, 266, 289,

paid in 1880.
<•
report for 1880 was published in the Ciironiclb, Y. 82, p.
498. Comparative statistics for four years were as follows:
was

The annual

INCOME ACCOUNT. *

1877.

1878.

1879.

$
1,075,049

$

Rentals and interest.

10.230

Net from leased roads
All other accounts

500,072
16,642,163

$
1,186,763
: 4,854
449,688
+461,839

Total income
Dish u rse men ts—
Rentals paid
Interest on debt
Other
Miscellan’s accounts
Int. on C.& M.Val.bds
Loss on St.L.V.&T.H.

8,227,514
$

Receipts—
Net earnings

...

.

$
2,032,682

14,022

16,041

711,466

647,858

2,123,144
$

2,325,050

820,123
669,790
75,818

828,127
669,790

821.209
833.625

2,696,581
$
801,048
842,480

132,944

136,980

174,944

V6,496,956

283,390
105,000

105,000
745,868

2,696,581

8

13,422

Balance, surplus
Total

1,599,562

1880.

38.693

105,000
16,144
412,002

8,227,514

2,123,144

2,325,050

105,000
46,375

65,200

Exclusive of Col. Chic. A Ind. Cent.
t Includes—Sale of preferred stock St.

27.241

*

Louis Vandalia & Terre Haute,

$200,000; sale Union Depot bonds, $186,000; amount of certain liabili¬
ties canceled and surrendered by Pennsylvania Co., $5,866,721.
+
Includes $180,400 bills payable of this company, canceled and sur¬
rendered by Pennsylvania Co.

II Includes—Reduction of second mortgage bonds, $2,500,000; reduc¬
$1,209,986
$2,817,858
$
$1,607,872
tion of bills payable, $2,509,221.
Operations and earning.s for five years were as follows:
GENERAL BALANCE AT CLOSE OF EACH FISCAL TEAR.
Freight (ton)
Gross
Net
Passenger
1880.
1879.
1878.
1877.
icars.
Miles.
Mileage.
Mileage.*
Earnings.
Revenue.
$
$
799
$
$
556,121,169 $12,227,510 $3,717,161
Assets—
123,871,237
799
711,526,398
12,142,910 4,468,493 Railroad,equipm’t,&c 19,942,295 19,942,295 19,942,295 19,942,295
74,315,237
*58,399
58,398
85.498
57,298
799
75,110,715
610,492,192 11,539,593 4,419,591 Stocks owned, cost...
317,855
*283,000
317,855
892
317,855
98,982,902
818.396,913 13,595,862 4,143,456 Bonds owned, cost...
706,241
660,293
651,671
644,952
132,837,063
809,932,953 16,938,885 5,007,095 Betterm’ts to Fsed r’ds
*
1,076,528
1,202,433
Bills* acc’ts rec’vable
1,361,789
1,158,840
Including coal.
625,859
541,607
517,928
454,013
-HV.* 31, !/• 21, 46, l) J, 123, 1/1) 205, 230, 248, 307, 329, 359, 383, 406. Materials, fuel, &c
V T
-OU, iilO, O
p. —'-L TU, 69,
171,
9
462,183
237,543
92,312
59,316
73; V.
429, 445, 474, 511, 536, 560, 589, 600, 607, 673; V. 32, p. 16, 17, 44. Cash on hand
44. Add’ns to Cin. S.
64,639
64,639
64,639
^
64,639
C.Ry
70,’101, 122, 156, 184, 206, 232, 289, 313, 336, 3
396, 407, 422, 430, 445
“ ■
37,504
291,868
329,178
469, 488, 527, 539, 578, 613, 686; V. 33, p. 12,23,93, 102, 123, 154, Profit A loss balance.
“
177, 202, 226, 256, 329, 385, 412, 433.)
Total assets
23,056.586 23,297,655 23,062,567 23,219,144
Philadelphia & Trenton.—Philadelphia, Pa., to Morrisville, Pa., 27
'Stocks and bonds as follows: Little Miami, $1,100 stock, $8,00
jailes. On Dec. 1, 1871, it was leased with the United Companies of bonds; Little Miami Elevetor stock, $20,000; C. C A I. C. bonds, $275,
"^Jersey to the Pennsylvania Railroad, and is operated as a part of 000; Union Depot, Columbus, stock, $20,000.
its New York ellvision.
Regular dividends of 10 per cent are paid.
Loss

.

~




..

j

_

---

---

-

-

-

-

RAILROAD STOCKS AND

xlviii

Subscribers 'will confer a great

favor by giving

DESCRIPTION.
For

Miles

burg <
Col. & Newark Division bonds
Pittsb. d Connellsville.—1st mortgage
let
do
Turtle Creek division
Consol, mort., guar. B. & O. (s. f. £7,200 pr.

Pittsburg Ft. Wayne d Chicago—Stock, guar
improvement stock, guaranteed
let mortgage (series A)
do
do
do
do
do
do
do
do
do
do
do
do

B
C
D
E
F
G
II
I
K
L
M

do
do
do
do
do
do
do
do
do
do
do

all

Bonds

notes

of

cou¬

poa, but ld ay
be made
able to order.

10
149
468
468
468
468
468
468
468
468
468

468
468
468
468

Value.

$313,000
4,000,000
326,600
6,500,000
19,714,285
6,770,900
875,000
875,000
875,000
875,000
875,000

1,000
100 Ac.
£200

$100

-

1871
1862
1862
1862
1862
1862
1862
1862
1862
1862
1862
1863
1862
1862
1857
1874

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

3d

Equipment bonds

468
468

(renewed)

Pittsburg d Lake Erie—Stock
1st mortgage, gold, coupon

Pittsb. Va. d Charleston— 1st mortgage,

Pittsburg Youngstown & Ch icago—Stock
Pomeroy & State Line—Stock
Port Jervis & Monticello—Stock
Port Royal & Augusta—1st mortgage.

70
70
30

gold.

coup
Income mortgage bonds, coup.

Portland & Ogaensb.—1st mort., gold
Mortgage (for $3,300,000)
Portl. d Rochester—1st mort., s. f. (Portl.
1st mortgage,

equal lien

do
(Portland loan) sinking
Potrt&nd Saco d Portsmouth—Stock
2d

fund, “B”.

2,508,000
2,503,000
5,929,200
5,929,200
Bds. (see Supplem’t) . 12,508,001 12,497,000
950,898
721,954
All other dues & acc’ts
838,808
889,000
Due Little Miami RR.
184,001
184,601
DueC. C.& I. C. RR..
262,500
202,500
Cin. Street Conn. bds.
70,648
53,210
Miscellaneous
Profit & loss balance.
Stock, preferred

Totalliabilities.

.

50

2,050,000

2,000
1,000

2.000,000
1,583,000
4,000,000

50

500,000

100 Ac.
100 Ac.
500 Ac.
GO
100 Ac.
94
52^ 1867-9 500 Ac.
500 Ac.
52 Lj 1870
500 Ac.
52*2 1871
100
51

1879.

1880.

$

$

2,508,000 *2,508,000
*
5,929,200
5,929,200
12,497,000
12,497,000
720,893
888,783
184,001
202,500
65,590

784,754
891,189
184,601
202,500
04,849
97,051

23.297,655 23,002,567 23,219,144
and $3,500 preferred is Steub. A Ind.
p.

155, 498.)

Md., 150
miles. On
interest
Baltimore transfen ed its interest to the Baltimore & Ohio Railroad for
$1,000,000, and the consolidated sterling mortgage was made and guar¬
anteed by the Baltimore & Ohio. It is operated as the Pittsburg Division
of the Baltimore & Ohio Railroad. In February , 1880, a judgment in
favor o Baltimore A Ohio Company was confessed for $4,354,748.
Stock
is $1,955,741. In 1879-80 the net earnings wrere $1,011,827.
(V. 29,

Pittsburg d Connellsville.—Pittsburg, Pa., to Cumberland,
miles; branch, 2 miles; leased lines, 22 miles; total, 174
December 13 1875, the property was leased to the Baltimore A Ohio
Railroad, and possession given January 1,1876. The rental is
on the debt and £7.-200 sterling as an annual sinking fund.
The city of

535; Y. 30, p.249.)

Pittsburg Fort Wayne d

724,276
250,000
1,500,000
800,000

1878
1878
1870
1871

23.056,586

*
Of which $486,450 common
Btock unconverted.
—(V. 30, p. 118, 298, 381; V. 32,

100,000
1,000,000

2,268,000
700,000
350,000
450,000

1.500,000

....

$

$

Liabilities—
Stock, common

loan) “A”.

1878.

1877.

860,000

Chicago—Pittsburg, Pa., to Chicago,

Ill., 468

70 miles.

When

Where
‘

A
A
A
A

J.
J.
F.
J.

7 g.

Whom.

Newr York, Agency.
J.
J. Balt., Balt. A Ohio RR.
A. Pittsb., First Nat. Bank
J. London. J.S.MorganACo

Q.-J.
Q—J.

N.

pal,^When Due.
Last
Dividend.
Jan., 1890

July, 1898
Aug. 1, 1882
Jan. 1, 1926
Y., Winslow, L.&Co. Oct. 4, 1881
.do
Oct. 1, 1881
do
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1. 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do
do
July 1, 1912
do^
do
July 1, 1912
do
do
July 1, 1912
Jan.
1887
Mch. 1, 1884

do

do
do

do

....

....

6 g.

Payable, and by

Payable

J. A J.
F. A A.
M. A 8.
A. A O.
M. A N.
J. A D.
J. A J.
F. A A.
M. A S.
A. A O.
M. A N.
J. A D.
A. A O
J. A J.
M. A 8.

7
7
7
7
7
7
7
7
7
7
7
7
7
7
8

2,000,000

■

21
23
112

13a
-

860,000
860,000
860,000
860,000
860,000

1,000
1,000

1878

7
7
6
6 g.

875.000

1875-690
18790.

2d

p.

Rate per
Outstanding
Cent.
(I

$1,000

1864
1868
1859
1876

discovered in these Tables*
Bonds—Princi¬

INTEREST OR DIVIDENDS.

Amount

Par

Road. Bonds

33
149

yr.)..

Size, or

Date
of *

[vol. xxxm.

immediate notice of any error
e

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

1st
It*
1st
1st
1st
2d
2d
2d
2d
2d

BONDS.

J. A J. N.Y., Chemical Nat.
Philadelphia.
A. A O.

Bk. July 1, 1928
April 1,1902

....

•

•

•

....

•

....

6 g.
6 g.
9 g9 g.
6
7
6
3

J.
J.
J.
M.
J.

A J. N.

A
A
A
A

A. A O.

Various
J.

Y., Office, 252 B’way. Jan. 1, 1899
Jan. 1, 1899

do.
do
J.
J. Portland, Treas. Office.
do
do
N.
J. Boston, Columbian B’k.

A J.

do
do
Boston.

Opened Feb. 1,1879. On Dec. 31,

do
do
Office.

Jan., 1900
Nov., 1901

July 1, 1887
Oct. a, 1887
Sept. 1, 1891
July 15,1881

1880, equipment notes, in¬

cluding interest, were $427,423; real estate mortgages, $198,053; float¬
ing debt, $96,078. Gross earnings in 1879 were $335,648, net, $157,923;

The Lake 8. A Mich. So. sub¬

gross in 1880, $841,256, net, $442,244.
scribed for $200,000 of the stock.
(V. 30,

p.

141; V. 23, p. 62, 101.)

Pittsburg Virginia d Charleston.—From Birmingham Pa., to Monongahela City, Pa., 30 miles. The stock is $676,613. Of the bonds, $500,000are owned by the Penn. RR.
Net earnings in 1876 were $40,346; ia
1877, $34,640; in 1878, $52,298 ; in 1879, $27,084. (V. 28, p. 113.)
Pittsburg Youngstown d Chicago— (V. 33, p. 75.)

Line.—Pomeroy, Pa., to Delaware State line, 21
Del. RR. was leased to the Pennsylvania
Railroad, with net earnings as rental. On August 12,1879, the road
was sold in foreclosure for $100,000, and this company organized, a»
owners of this part of the road, which connects with the Newark & Del
City RR., 17 miles. Strickland Kneass, President. Philadelphia. (Sea
V. 29, p. 162; V. 30, p. 170.)
Port Jervis d Monticello.—Sept. 30,1880, owned from Port Jervis, N.
Y., to Monticello, N. Y., 24 miles.
Formerly the Monticello A Port
Jervis RR., which was sold in foreclosure July 16,1875, and reorganized
as the present Port Jervis A Monticello. Gross earnings 1878-9, $25,806;
net, $1,616; gross earnings in 1879-S0, $29,128 ;net, $6,545. The stock
is $724,276, issued to the former holders of first mortgage bonds.
Port Royal d Augusta.—Line of road, Port Royal, S. C., to Augusta, Ga.,
112 miles.
Formerly Port Royal Railroad. Defaulted Nov. 1, 1873,
and receiver appointed May 9,1875. Sold in foreclosure June 6,1873,
and purchased for the bondholders, who organized this company. The
Georgia Railroad was endorser on $500,00CTof the old bonds. In Jan.,
’81, 2 per cent for 1879 was paid on income bonds. The new stock is
$750,000, and in June, 1881, a controlling interest was purchased by
Central Georgia RR. parties. There are also $40,000 equipment bonds.
The report for 1880 gave earnings, Ac., compared with 1879, as follows:
1879.
1880.
Pomeroy d State

miles.

Tne former Penn. A

■

made default Oct. 1, 1857, and again in 1859, and
was foreclosed Oct. 24, 1861, and reorganized under this title Feb. 26,
1862. On June 27, 1869, the company leased all its road and property
to the Pennsylvania Railroad at a rental equivalent to interest, sink¬
Gross earnings
$242,722
$309,634
ing fund of debt, and 7 per cent on $19,714,286 stock, which was
193,35 5
222,634
increased at that time from $11,500,000. The lease was transferred Operating expenses
subsequently to the Pennsylvania Company. The lessees are to keep
Net earnings
$49,366
$87,000
the road in repair and also pay taxes, expenses, Ac. The Pittsburg Ft.
The
Wayne & Chicago leases the Newcastle A Beaver Valley and the Law¬ stock report states: “It was found necessary to increase the rolling
and motive power during the past year by the addition of new
rence roads, which in turn are leased again by the Pennsylvania Com¬
cars and a locomotive, and for this purpose ‘equipment bonds’have
pany. Of the 1st mortgage bonds, $1,196,000, and of the 2d mortgage
$1,258,000, and $399,813 cash, were held in the sinking funds Jan. 1, been issued to the amount of fifty thousand dollars ($50,000). bearing
1881. The special improvement stock is issued to Pennsylvania RR. 8 per cent interest, and payable at the rate of ten thousand dollars
($10,000) a year after the year 1881. These bonds are secured by a
or improvements, Ac., under article 16 of lease, viz.:
“Article 16. The party of the first part hereby agrees that, for the purchase money mortgage upon the equipment purchased and con¬
structed with the proceeds, made to James D. Fisk, Esq., Trustee.
Turpose of enabling the party of the second part to meet the obligations
This new equipment- is of great aid to us at present, but is not
of the party of the first part to the public, by making from time to time
such improvements upon and additions to the said Pittsburg Fort Wayne commensurate with the actual increase, or immediate prospects of
A Chicago Railway, in the extension of- facilities for increased business business, and during the present year we should make arrangements to
still further equip the road, by the construction of at least one hundred
by additional tracks and depots, shops and equipments, and the substi¬
tution of stone or iron bridges for wooden bridges, or steel rails for iron freight cars, and the purchase of two more locomotives; and I earnestly
rails, the party of the first part will issue, from time to time, a special recommend your cordial attention to this important matter. Since last
stock, which shall bear such name as shall be hereafter agreed upon, or annual meeting, improvements have been progressing at Port Royal.
bonds, or other securities, which shall be issued in such form as may, The Augusta A Port Royal Compres Company have completed their
from time to time, be found to be most available with respect to economy large Taylor Compress, which is now in operation, and they have loaded
of interest and negotiability, and shall be consistent with the legal several large English steamships with cotton for Europe, and others are
now at the compress wharf receiving cargoes.
(V. 30, p. 466 ; V. 31, p.
powers of the party of the first part and the rights secured by these
653 ; V. 32, p. 356.)
presents, which special stock, or bonds, or other securities, shall be
issued on the conditions following: The said party of the second part
Portland d Ogdcnsburg.— Sept. 30, 1SS0, owned from Portland Me.,
shall guarantee the payment, semi-annually or quarterly, thereon of toFabyaus, 91 miles. It reaches the Vermont Division (now St. Jolmssuch rate of interest as may be agreed upon between the.parties hereto, bury A Lake Champlain) by using 14 miles of the Boston Concord &
to be paid by the said party of the second part to the holders thereof Montreal RR. and a 3-mile link of its own. The city of Portland owns
without deduction from the rent hereinbefore reserved; and the said a controlling interest in the stock, which is $1,052,185. A suit in
special stock, or bonds, or other securities, shall be issued only in respect equity was begun by holders of the 1871 mortgage in February, 1881,
to improvements of and additions to the said railway which, and esti¬ which will be contested by the city. Earnings of this road for live
mates and specifications of which, shall have been submitted to and years past were as follows r
Miles.
Net Earn gs
Gross Eam’gs.
approved by the said party of the first part in writing; and all such Years.
improvements or additions shall be made in such manner as shall be
94
$234,980
$91,0b6
94
262,764
69,431
approved by the said party of the first part. The party of the first part
shall not at any time, during the term aforesaid and the continuance of 1S77-8
94
270,783
88,5/4
this lease, make or issue any bond or obligation, in addition to the bonds
94
271,493
92,295
hereinbefore specified, except subject to this lease, without the consent
94
292,659
102,b9o
in writing of the said party of the second part first had and obtained —(V. 28, p. 144, 200; V. 29, p. 253, 435, 632 V. 30, p. 142, 170,
thereunto.”
V. 31, p. 21; Y. 32, p.206)
The lease has been profitable to the lessees. Of the 1st mort. bonds only
Portland d Rochester.—Sq\A. 30,1880, owned from Portland, Me., to
$4,054,000 were outstanding Dec. 31, 1830, and of the 2d mort. only Rochester, N. H., 53 miles. Put in the hands of a Receiver February,
$3,902,000, the balance being in the sinking funds. Operations and 1877. The bonds series A and B were issued to the city of Portland u*
earnings for five years past were as follows:
Div’d exchange for city bonds, on which the city pays interest. July 8, 13 ‘j*
Net
Gross
Passenger Freight (ton)
assenger
Earnings. p. ct. the interest of the city in this road was sold to the Receiver. On ecu
Earnings.
Mileage.
Mileage.
Years. Miles.
7 1,1880, the interest due and unpaid amounted to $576,000; an<l l^rj
1876.. .468 107,790,180 567,572,005 $7,853,848 $3,066,687
7
ceedings have been begun to foreclose the $350,000 mortgage. Gross
2,956,147
7,020,545
76,466,488 439,998,281
468
7 earnings in 1879-80, $162,633; net, $24,728. (V. 28, p. 41, 62a; V.
3,529,085
7,872,476
77,819,493 637,470,506
468
7 p. 42; V. 32, p. 181.)
3,729,298
8.461,563
86,406,476 803,053,260
468
4,778,210
Portland Saco d Portsmouth- -Portland, Me., to Portsmouth, N. H., o
806,257,399 10,096,819
468 104,287,111
miles. It was leased May 4,1871, to the Eastern Railroad, Mass., ati
—(V. 30. p. 674 ; V. 32, p. 5 77.)
to per cent on stock. > Lease rental changed May 21, 1877, and now
Pittsburg d Lake Erie— Dec. 31, 1S30, owned from Pittsburg, Pa
Youngstown, O., 68 miles; branch line to Newcastle, Pa., 2 miles; total, per cent. No debt. (V. 28, p. 580.)

miles.

The company




Ool

o

October,

KAILROAD

1881.]

Subscribers will confer a great

J

first page of

tables.

Miles
Date Size, or
of
of
Par
Road. Bonds
Value.
11

Dover—Stock
Portsmouth Gt. Falls A Conway—Stock.
Portsmouth A
1st

mortgage.

71
71

- -

-.........

42
23
67

Providence A Spring/.—1st M. \
Providence A Worcester—Stock.
New bonds
-

11887765-9-096.0.

....

97

Raleigh A Gaston—1st mortgage
Beading A Columbia— 1st mortgage, coupon
2d mortgage, coupon.
Lancaster A Reading, 1st mortgage
Rensselaer A Saratoga Stock. —
1st mortgage, consolidated (for $2,000,000)

40
40
15

181
79
35

Rhincbeck A Conn.—1st mortgage, gold
Richmond A Alleghany—1st mortgage, gold

250
199

Bichmond A Danville—Stock
State sinking fund loan
--Sd mortgage, consolidated, coupon or registered.

•

•

•

«

142
49
29
...»

1877

500 &c.
....

1872

1,000

3

100

1877
1873
1862
1864
1873

•

•

•

•

100 &o.

1871

....

1880

1,000
100

....

1 000
100 &c.

1867
1874
1873
....

•

....

•

•

•

•

•

....

•

•

• •

.

•

....

....

•

120
120

—

Equipment bonds

•

-

1,000

1870
1875

152,000
50,000
555,200
1,300,000
1,870.000
2,400,000
3,200,000
160,000
1,500,000

500
100

'
....

1,000

1881
18S1
1881
1S81

1,000

1,000

1,000
....

....

.

-

..

25,000

1878

It connects with the Connec
In 1878-9, gross earnings
were £51,844 and expenses $43,329.
In 1879-80, earnings, $56,101
expenses, $50,012. G. P. Pelton, President, Poughkeepsie, N. Y.
Providence A Springfield—Providence, R. I., to Pascoag, 23 miles. It
is proposed to extend the road to Springfield, Mass. Stock is $517,150
1875, and the present company organized.

The stock is $850,000.

In 3878-9, gross earnings were $79,988 ; net, $39,302; in 1879-80, gross
$88,125, net. $39,304. William Tinkham, President, Providence, R. l.

Providence A Worcester.—Sept. 30, 1880, owned from Providence, R. I.
to Worcester, Mass., 44 miles; branches, 7 miles; leased Milford & Woon
socket RR. and Hopkiuton RR., 15 miles; total operated, .66 miles.
In
1881 new stock for $500,000 issued for improvements, and stockholders
have the right till July 1,1881, to take one new share it par for each four
shares owned
Operations and earnings for five years past as follows:
Net
Passenger
Net
Div
Freight (ton) Gross
Yeirs.
Miles.
Earnings.
Mileage.
Mileage.
Earnings. Earnings, p. c
66
13,516,407
17,192,890 $894,155 $226,032

~(V.

66

66
66
..66
32, p. 206.)

13,592,849
13,971,108
13.753,392

15,941,739

18,862,705
17,916,241
19,286,814
23,669,729

904,635
865,792
914,476
1,064,801

245,299

285,731
364,049

332,813

Palvigh A Gaston..—From Raleigh to Weldon, N. C.. 97 miles. Stock,
$1,509,000. Dividend of 3 per cent paid October, 1881. Earnings for
fiv* years past were as follows:
Gross

Years.

1374-5

...

1875-6
1870-7
1877-8....
1878-9 (14 months)

...

...

...

...

Miles.
97
97
97
97
97

Earnings.
$261,142
242,245

Net

Earnings.
$96,110
88,701

234,511
242,478

85,750
107,185

295,051

115,343

-(V. 27, p. 94.)
Pending A Columbia.—From Columbia to Sinking Springs, Pa., 40
miles; branches, 12 miles; Lancaster & Reading Railroad, leased, 15
miles; total operated, 67 miles. Stock, $958,268. The road is controlled
and operated by Philadelphia & Reading, but accounts kept separate.
Gross earnings in 1879, $274,844; net earnings, $100,146; payments for
interest and Cental, $94,930.
Rensselaer A Saratoga.—Sept. 30,1880, owned from Troy to Whitehall,
A.Y., 73miles; branches, Albany to Waterford, 12 miles; to Green Island,
1 mile; to Glens
Falls, 6 miles; to Castletown, Vt., 14 miles; to Rutland,
yl. 62 miles; Balston to Schenectady, 15 miles; total line and branches,
18o miles. It -was a consolidation of several lines, and the Delaware &
Hudson Canal Co. leased the whole March 1, 1871, at a rental of 8 per
cent on the stock and 7
per cent on the bonds. The earnings given
below include the New York & Canada Railroad (150 miles). Opera¬
tions and earnings
for four years past were as follows:

Years.

Passenger

Miles.

Mileage.

332
18,761,702
332
19,292,794
332
19,536,543
332
21,797,913
p. 581

Freight (ton)
Mileage.

Gross
Earnings.
$1,826,942

Net
Div.
Earnings, p.c.
$660,195
8

30,718,974
1,823,360
32,283,281
754,346
8
38,809,900
506,782
1,911,465
8
2 470 367 1,160,344
54,333,707
2,470,367
8
-(V. 29,
“V.'3i,’357. 483T v. 32, p 98.) ’
Phtnebeck A Connecticut.— Sept. 30, 1880, owned from Rhinecliff, N.
f° Boston
Corners, N. Y., 35 miles; leased, Boston Corners to State
£ine, 6 miles; total operated, 41 miles. Stock, $679,300. Gross earn-

1877-8, $55,951; net earnings, $1,162; rental, $7,833; In

tc-d

i^'^-gross, $69,291; net, $10 131; rental, $8,000; 1879-80-gross,
|po. /89; net, $5,902; rental, $7,967. Edward Martin, President, Red
Hook.N.
Y.

~

Richmond

(V. 33, p. 102.)

A

7ml mi*08’

Alleghany.—In

The

progress, Richmond to Clifton Farge, Va.,
company owns by purchase the property and fran-

^uses of the James River & Kanawha Canal Co. The stock is $5,000,th/f
June. 1881, consolidation with the Ohio Central was voted, on
l,asis: The
,,

stockholders of the R. & A. Company to receive
000 of stock and $4,000,000 7 p. c. income bonds of the new

fUm

Len-

outstanding $5,000,000 R. & A. bonds to be retired; the

stockholders to receive $15,000,000 in new stock aad provision




450,000

1,009,300

....

108
91

177,516

100

....

Portsmouth A Dover.—Portsmouth, N. H., to Dover, N. H., 11 miles
Opened February 1,1874, and leased for 50 years to Eastern of New
Hampshire at 6 per cent per annum on the stock. Operated now by
Eastern (Mass.) A suit as to rental was decided April, 1880. Frank
Jones, President, Portsmouth, N. H. (V. 30, p. 358, 519; V. 31, p. 205.
Portsmouth Great Falls A Conway.—Conway Junction, Me., to North
Conway, N. II., 71 miles. The Eastern Railroad in Massachusetts has
made a lease of the road for 60 years from December 1,1878, with a guar
anteed rental of $45,000 a year, which pays 4^ per cent on $1,000,000
bonds, and the-stock is to receive the same dividends as the stock of the
lessees. The total stock is $1,150,300, of which the lessees own
$651,300. (V. 27, p. 15, 97, 115, 228.)
Poughkeepsie Hartford A Boston— Sept. 30. 1880, owned from Pougli
keepsie, N. Y., to New York State Line, 47 miles. The Poughkeepsie &
Eastern RR. was opened in 1872, and was sold in foreclosure May 15

ticut Western RR.

1875-960,

....

....

•

25
25
25
18
108

Rochester A Genesee Valley-Stock
Rochester A Pittsburg.—1st mortgage

1,228,100
2,660,000
500;000
500,000
900,000
57,327

....

....

•

1st mortgage, coupon
New mortgage

428,638

....

6 g.
6 & 7
8
3
8
7
3
6

pal,When Due.

Bost., Eastern RR. Co.

Payable

Stocks—Last
Dividend.

Portsmouth, Treas,
do

July 15, 1873
June 1,

do

J.
J.

7
3
6
8
7
7
7
4
7
7
7 g.
3
6
6
6 g8
6-70

350,000
7,000,000
1,925,000
800,000
5,000,000
3,866,000

1,000

....

Where Payable, and by
Whom.

4*2

350.000

1,000
100 &c.
100

f When

i

3
3

2,000,000
1,242,000
820,000
650,000

1,000

....

Cent.

770,000
1,000,000
535,000
500,000

....

Bonds—Princi¬

J. & J.
J. & J.
J. & D.

Rate per

$769,000

• •

Bichmond A Petersburg—Stock

Outstanding

100

•

•

Dollar loan...........
Coupon bonds of 1881

Rock Island A Peoria—Stock
1st mortgage

xlix

INTEREST OR DIVIDENDS.

Amount

$100
....

....

....

General in'ort., gold (for $6,000,000)
Piedmont branch, 1st mortgage
Northwestern, N. C., 1st mort., guar
Richmond York River & dies., 1st mortgage
pick'd ircderich'sburg A Potomac—Bonds, ster

Incomes (lion-cumulative).
1st mortgage, extension, gold
Income bonds

BONDS.

AND

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

DESCRIPTION.
on

STOCKS

& J. Providence, Am. Nat.Bk
& J.
Providence, Office.
do
do.
J. & J. Pliila.,Pa.,& Ral’gli.N.C.
M. & 8. N. Y., Union'Nat. Bank.
I. & D. Columbia, First Nat.B’k
J. & J.
Phila., Co/s Office.
J. & J. N. Y., Nat. B’k Coin’rce.
M & N. N.Y., Del.& H.Canal Co.
J.

& J. N. Y., Closson &

A.

July 1, 1892
July 1, 1881
1897

Jan., 1898
Meh. 1, 1882
June, 1884
July 1, 1893
July 1, 1881

Hays. July 1, 1920
Jan. 3, 1881
1880

N.Y.,Mercantile Nat.Bk.

J & J.
M Sc N.

N. Y.,Nat.
do
do

O. New York

City Bank.
do
do
Richmond

or

1937

.T. <fe J.
London.
Various
Richmond, Office.
J. & J. Phil.,Townsend W.& Co.
J. & J
Richmond, Office.
A. & O.
do
do
M. & N.
do
do
J. & J. N.Y., by N.Y.L.E.&W.Co
F. & A. N. Y., Union Trust Co.

•r> g-

day 1/85 &’90
1915

1888

1885

1880-85
1881-’90
Jan. 6, 1881
1881 to ’86

May 1. 1915
Jan. 1, 1881
Feb. 1, 1921
Feb. 1, 1921
1921

6

7

150,000

10

J.

&

J. N. Y.. Corn Exeli. Bank.

1880
Jan. 1,1900

made to retire their bonds
struction of River Division

($8,400,000). See V. 33. p. 305. For con¬
$5,000,000 bonds were issued, viz., for
$10,000 cash, $8,000 in mortgage bonds, $3,000 in income bonds and
$10,000 in new7 stock. (Y. 31, p. 330, 653; Y. 32, p. 579, 613, 686; V.
33, p. 12, 48,102, 154, 202, 226, 305.)
Richmond A Danville— Sept., 1881, owned from Richmond, Va., to
Danville, Va.. 141 miles; branches, 12 miles; Danville, Va., to Greens¬
boro, N. C., 47 miles; Salem Junction to Salem, 25 miles; leased: West
Point, Va.. to Richmond, 38 miles; Goldsboro, N. C.T to Charlotte, 223
miles; Charlotte, N. C., to Atlanta, 269 miles, and narrow gauge
branches, 70 miles; total owned and leased, 825 miles.
By ownership of a majority of the stock of the Richmond & West
Point Terminal Railway <fc Warehouse Company, the Richmond & Dan¬
ville Railroad Company indirectly oontrols and operates the following
lines of railway: Charlotte Columbia & Augusta, 191 miles; Columbia
& Greenville and branches, 226 miles; Spartanburg Union & Columbia,
68 miles; Northeastern of Georg a, 40 miles; Western N. Carolina Rail¬
road, 186 miles; Asheville & Spartanburg, 67 miles; Virginia Midland
Railway, 401 miles; total miles thus indirectly controlled through R.
A W. Pt. Ter’l R. W. Co., 1,182 miles; grand total of miles directly and
indirectly controlled by Richmond & Danville RR. Co., 2,009. The
officers are as follows: President, A. S. Buford; Vice-President, T. M.
Logan; Second Vice-President, A. Y. Stokes; Treasurer, W. E. Turner.
Secretary, Richard Brooke, all of Richmond, Va. Following are the
Directors: T. M. Lo^an, Joseph Bryan, W. H. Palmer, J. H. Dooly, A.
Y. Stokes, Richmond, Va ; W. L. Owen, Black Walnut, Va. The annual
report for 1880 was published in the Chronicle, V. 32, p. 154.
The income account was as follows in four years past:
INCOME ACCOUNT.

1876-7.

Net

Total income....
Disbursements
Rentals paid
Iut. on funded debt.
Int. on floating debt
Miscellaneous

1879-80.

$
22,740

$
786,393
21,248

518,599

764,613

807,641

320,000
239,691
23,135

Interest

1878-9.

$
489,474
29,125

499,962

earnings

1877-8.

$
470,998
28,964

Receipts—

320,000
252,440
18,995

741,873

-

320,000

320,000

246,444\

254,315

10,604 5

225

577,048
591,435
574,315
Def.72,836 Sur.187,565 Sur.233,326

Total disb*nts...
583,051
Balance
Det.83,089

Operations and earnings for five years past of Richmond & Danville

and Piedmont Railroads

Years.

were as

follows:

Passenger
Miles.

Freight (ton)

Mileage.

Mileage.

^

Gross

Net

Earnings. Earnings.
$937,198 $438,232

7,358,335
17,435,445
292,591
909,317
5,945,446
21,183,343
201
1877-8
942,386
310,948
23,514,209
5,895,111
201
1878-9
33,120,675 1,098,597
499,994
7,057,080
1879-80
201
8,680,121
41,344,479 1,243,271
497,934
-(V. 30, p. 142, 651; V 31, p. 673; V. 32, p. 154, 367, 422, 469, 488 ;
V. 33, p. 66, 100. 102, 125, 385, 404, 413.)
Richmond Fredericksburg A Potomac.—From Richmond, Va., to
1875-6
1876-7

Quantico, 83 miles.

The common Stock is $1,030,100 and guaranteed

$500,400. Until March, 1881, holders of 8 per cents due No¬
vember, 1881, had the option to extend their bonds for 20 years at 6
percent. Gross earnings in 1878-9, $317,032; not earnings, $155,056.
Gross in 1879-80, $330,361; net, $1.55,718.
(V. 29, p.6o6; V. 31, p.
589, 673.)
Richmpnd A Petersburg— Sept. 30,1880, owned from Richmond to
Petersburg, Va., 22*2 miles; branch, 2 miles; total, 24*2 miles. The road
has earned moderate dividends and the debt account is very small.
Operations and earnings for five years past were as follows:
Passenger Freight (ton)
Gross
Net Div.
Years.
Miles.
Mileage.
n’gs
Earnings. Eam’gs. p.c.
Mileage.
25
1,475,359
2,238,173
$137,407 $60,096
47,271
25
137,116
1,576,263
2,097,594
25
140,069
62,553
1,594,670
2,016,684
73,071
154,622
25
2,047,436
2,176,390
2 281 321
25
164,198
79,099
2,465,878
—Annual report for 1879, V. 30, p. 272.
Rochester A Gencssee Valley.—Avon to Rochester, N. Y., 18 miles.
Leased July 1,1871, in perpetuity, to Erie Railway, and now operated
by New York Lake Erie & Western. Rental, $34,012. James Brockett,
stock is

•

President, Rochester, N. Y.

Rochester A Pittsburg.—Dec. 31, 1880, owned from Rochester, N.Y, to
Salamanca, N.Y., 108 miles. Formerly Rochester & State Line, which

opened. May 15,1878. In Feb., 1880, Sylvanus J. Macy, of Rochester,
appointed Receiver of the company. The road had been largely
assisted by the City of Rochester. On Jan. 8, 1881, the road was sold,
and purchased by Walston H. Brown, of New York, for $600,000, and
was
was

is

now

reorganized

as

the Rochester & Pittsburg, with capital stock oi

RAILROAD

1

STOCKS

Subscribers will confer a great favor by giving
Miles

Date

Immediate notice of any error discovered In tbese Tables.
Size, or

of
of
explanation of column headings, &c., see notes
Road. Bonds
on first page of tables.

409
97
190
190
409
45
120
120

Rome Watertown d Ogdensburg—Stock

1st sinking fund mort., Wat. & R. (extended)
General mortgage, sinking fund
2d mortgage
Consol, mort., convert, till July, ’79, coup

Syracuse Northern (gold)
Rutland—General mort. (8 per cent, reduced to 6)..
New 2d mort. in excli. for equipment bonds, &c.
Sacramento & Placerville -1st mortgage (S. V. RR.).
1st mortgage (S. & P. RR.)
Saginaw Valley d St. Louis.—1st mortg., coup
St. Johnsbury d L. Champlain— 1st M.,coup. or reg.
St. Joseph & St. Louis—Stock
St. Joseph d Western— 1st M. St. Joseph & Pacific..

48
34b>
120
76
112
112
115
115
25
121

2d mortgage
Kansas & Nebraska, 1st mortgage
Kansas & Nebraska, 2d mortgage

Hastings Sc Grand Island, 1st mort
St. Louis Alton d Terre; Haute—Stock
Pref. st’ek (7 cumulative)
1st mortgage (series A)
1st mortgage (series B)
2d mortgage, preferred
2d mortgage, preferred
2d mortgage, income

sinking fund..
sinking fund..
(series C)

(series D)

%

a
-

u

£

.

1861
1872
1874
1871
1872
1878
1855
1877
1872
1880
1876

1876
1876

1876

®

cumulative
St. L. Hannibal d Keok.—1st M . convertible till ’87
Income bonds, not

St. Louis Keokuk dX. IF.- Stock($l,350,000 is pref.)
1st mortgage
Income bonds
St. Liouis d San Francisco.—Stock, common
Preferred, 7 per cent, not cumulative
1st preferred, 7 per cent
do
1st mortgage (South Pacific), gold, (land grant)...
2d mortgage bonds, A

$4,000,000 (increased May, 1881, to $1,000,000).

50
135
135
135
633
633
293

Par
Value.

1,000
1,000
1,000

Rock Island d Peoria.—Rock Island,
is the Peoria Sc Rock Island, sold in

1876
1876

1868
1876

500 &c.

1,000
1,000
500 &c.

1,367,000
100 &c.

500 &c.
100 See

For every $10,000 old

Rome Watertown d Ogdensburg.—Sept. 30, 1880. owned from Rome to
Ogdensburg, 141 miles; branches: To Cape Vincent, 24 miles; to Pots¬
dam, 24 miles; Oswego to Lewiston, 146 miles; Sandy Creek to
Syracuse, 45 miles; leased Oswego & Rome Railroad, 29 miles; total
owned, leased and operated, 409 miles. It was a consolidation October.
1861, of the Watertown & Rome and the Pottsdain & Watertown rail¬
roads. The Lake Ontario Shore Railroad was foreclosed September 22,
1874, and transferred to this company January 15,1875. The Syracuse
Northern was foreclosed, and purchased by this company August 1,
1875. The Oswego A Rome was leased January 1, 1866, at 8 per cent
on stock and interest on bonds.
The company has been in default on
coupons of the consolidated bonds since April 1, 1878, and proposes to
fund four years’ coupons. (See V. 32, p. 659.) Operations and earnings
for five years past were as follows:

1875-6
1876-7
1877-8
1878-9
1879-80

.

.

.

.

....

.

335
409
409
409
409

—(V. 26. p. 334, V

Mileage.

20,366,365
26,732,738
24,967,418
25,914,496
43,538,148

15,199,509

20,517,456
16,402,043
.

28, p. 276

;

Gross

Net

Earnings. Earnings.

$1,221,727

$277,574

1,248,842
1,203,786
1,143,288

336,708
350,747
308,648
487,738

1,467,894

72,000

2,700,000
1,620,000
1,080,000

1,000
1,000

V. 29, p. 68, 581; V. 31, p. 406,

653, 659.)
Rutland — From Bellow’s Falls, Vt., to Burlington, Vt., 120 miles. This
road has been through many changes.
It was leased to the Central Ver¬
mont in December, 1870, for 20 years, but the lessee became insolvent,
and finally a modification of the lease was made, giving $250,000 per
ear as a minimum rental and $8,000 for organization expenses.
The

Payable
&
&
&
&
&
&
&
&
&
&
&
A. &

J.
M.
J.
J.
4.
J.
M.
F.
J.
J.
M.

J.
J.
J.

J.

m

m

&
Sc
&
&

Where Payable, and by
Whom.

10,500,000
10,000,000
4,500,000
7,144,500
500,000

55 bds.
7
7
7
7
7
10
6
7

J.
A.
O.
A.
F.
M.
N.
N.
M.
S.
M.
Juno 1
A. & O.

&
&
&
&
&
&

N. Y., Ottice
do
do
do
do
do
do
do
do
N. Y., Nat.

50 Wall st.
do
do
do
do
do
do
do
do

City Bank.

Api.

J.

&

20, 1881

1894
1894
1894
1894
1894
1880
Jan. 1, 1894
Oct. 1, 1917
.

....

....

6

pal,When Due.
Stocks— Last
Dividend.

m

....

J.

Bonds—Princi

J. N. Y., Farm. L. & T. Co. July 15,1875
do
do
S.
Sept. 1, 1910
do
do
Dec. 1, 1891
D.
do
do
Jan. 1, 1892
J.
do
O.
do
July 1, 1904
do
do
J.
July, 1901
Nov. 1, 1902
N. Bost., Bk. of Redempt’n
do
do
A.
1898
New York City.
J.
1875
do
J.
1907
N. New York, 9th Nat. Bk. May 1, 1902
Boston.
Oct. 1, 1910
0.
New York.
Jan. 1, 1915
N. Y., Kountze Bros.
J.
do
Jan. 1, 1915
J.
do
Jan. 1, 1915
J.
Jan. 1, 1915
New York.
J.

.

300,000

1,000

III., to Peoria, Ill., 91 miles. This
foreclosure of the first mortgage

Freight (ton)

1,200,000
375,000
2,300,000
2,468,400
1,100,000
1,100,000
1,400,000
1,400,000
1,700,000

1,000

the purchasers. Capital stock,
$1,500,000. Gross earnings, 1879, $387,580; net earnings, $89,833, out
of which a 5 per cent dividend was paid on the stock.
(V. 28, p. 351.)

Passenger
Mileage.
15,588.607
17,549,628

1,900,000

....

When

.

7
7
7
7

1,200,000

„

loo &c,

April 4, 1877. the bondholders becoming

Miles.

596,000
1,000,000
1,900,000

100
100 Ac.

100
100

1864
1864
1864
1864
1864
1870
1881
1877

7
7
6
5
10
6
8
6 S-

1,500,000
1,500,000
400,000
700,000
446,000

1,000

m

7
7

500,000

100 &c.
100 &c.

m

3
7

$5,293,900
422,500
1,021,500
1,000,000
5,122,000

1,000
1,000
1,000

m

Rate per!
Cent.

Outstanding

100 See.
500 &c.

first mortgage, $7,850 in¬
come bonds, and option to take $5,000 stock upon payment of $500.
See plan in V. 31, p. 651. In August, 1881, to extend 120 miles to
Brookville, stockholders of each 100 shares had the right to subscribe
$11,400 cash and take $(>,000 in new mortgage bonds, $8,000 in new
incomes and 150 shares of new stock. Gross earnings in 1879 were
$275,898 ; net, $39,813; gross in 1880, $255,832 ; net, $34,693. (V. 30,
p. 170, 223, 589; V. 31, p. 330, 536, 560, 653, 673; V. 32, p. 71, 156,
184, 437, 544; V. 33, p. 178.)
bonds the Rochester & Pittsburg gives $5,350

Amount

$100

1*855

207
207
207
207

J it & t
^

%

Equipment mortgage

Years.

[VOL. XXXIII.

INTEREST OR DIVIDENDS.

DESCRIPTION.
For

BONDS

AND

.

Jan.
Jan.

J.

....

•

„

-

1, 1906
1, 1906

....

3^2
6 ar.
6 g.

F. & A.
J. & J N. Y., Company’s Office
do
do
M. & N

Aug. 1, 1881
July, 1888
Nov. 1. 1906

par $100. The present bonds have no lien on lands, as the land
grant of 300,000 acres was put iu hands of trustees for the benefit of the
holders of the old land scrip of $2,250,000; in June, 1880, a dividend of
12^2 per cent was declared from proceeds of land sales. On the Kansas
& Nebraska bonds the first coupon is due July, 1881. The road is con¬
trolled by the Union Pacific. The coupons on 8t. Joseph & Pacific bonds
due July, 1880, and since, were not paid.
(V. 30, p. 93, 170; V. 32, p.

44, 527.)

.

St. Louis Alton d Terre Haute—Main line from Terre Ilaute, Ind., to
East St. Louis, 189 miles; branches, 19 miles; leased lines—Belleville &
Southern Illinois Railroad, 56 miles; Belleville & Eldorado road, from
Du Quoin to Eldorado, 50 miles; total, 314 miles.
This company
was

a

reorganization, February 18, 1861, of the Terre Haute Alton

& St. Louis Railroad. The Belleville & Southern Illinois is leased to this
company for 999 years from Oct. 1, 1866. The main line (St. L. Alton
& Terre Haute) was leased June 1, 1867, for 99 years to the Indianapolis
& St. Louis Railroad at a rental of 30 per cent of the gross earnings up
to $2,000,000, 25 per cent on the next $1,000,000, and 20 per cent on
all over $3,000,000; but it was agreed that in no year should the rental
be less than $450,000.
The lease was guaranteed by three other com¬
panies (See V. 26, p. 614 and 654). The lease was unprofitable and the
solvent guarantors refused to pay more than their one-tliird of the de¬
ficiency, and a suit was begun, which is still pending. In 1879-80 the
company recovered from the former purchasing committee, Messrs.

Tilden, Butler, Sage and Bayard, $400,000 for bonds retained by them
the time of

reorganization.

at

The Belleville Branch and Extension are

operated separately by this company, and earned net in 1879, $159,359;
in 1880, $176,471. The Belleville & Eldorado was leased for 985 years
from July 1, 1880, at a rental of 30 per cent on the gross earnings, but
$15,400 per year guaranteed.
The preferred stock has a prior right to a cumulative dividend of 7 per
cent before any is declared on common. It is also convertible into com¬
mon at par; but shall not receive any dividend as common stock for th«
time it was held as preferred. In January, 1881, the company declared
3 per cent in cash on the preferred stock and afterward settled the re¬
maining 55 per cent of accumulated dividends by the issue of income
bonds.
(V. 29, p. 436, 658 ; V. 30, p. 170, 407; V. 32, p. 147, 336, 467,
569, 579.)
St. Louis Hannibal d Keokuk.—From Hannibal, Mo., to Keokuk. ! ThiB
is a new road under construction. To be completed to Wentzville (St. L.
W. & P. RR.) by Sept. 1, 1881. The bonds were offered in New York,

(V. 29, p. 539, 608.)

March, 1880, at $12,000 per mile.

ments and 6 per

St. Louis Keokuk d Northwestern— Keokuk, la., to St. Peters, 135
miles. The Mississippi Valley & Western Railroad was sold April 14,
1875, and this company organized July 1, 1875. Road completed in
Autumn of 1879. Income bonds above were originally a part of

154.)

$414,597; net, $16,047.

Sacramento d Placerville.—Sacramento, Cal., to Shingle Springs, Cal.,
48 miles. This was a consolidation of the Sacramento Valley and the
Folsom & Placerville railroads, April 19, 1877. Capital stock, $1,756,000. Gross earnings, 1880, $132,000; net earnings, $60,278. Leland

St. Tjouis d San Francisco.—Doc. 31, 1880, owned
Seneca (main), 292 miles; branches—Granby branch, 2

Stanford, President, San Francisco.

leased and controlled—Oswego to

agreed to accept 5 per cent bonds in exchange for equip¬
cent bonds in lieu of 8 per cents. The common stock is
$2,480,600 and preferred $4,000,000. l1^ percent paid on preferred
stock August, 1881.
(V 30, p. 118; V. 31, p. 124, 153, 484; V. 33, p.
ondholders

Saginaw Valley <£ St. Louis.—From Saginaw to St. Louis, Mich., 35
Road opened January, 1873. Has a traffic guarantee from
Michigan Central. Capital stock, $264,804. In 1878, gross earnings
were $84,952; net $51,967.
Interest payments, &c., $53,728. In July,
1879, management was transferred to the Detroit Lansing & Northern.
—(V. 27, p. 304; V. 29, p. 96.)
miles.

.

St. Johnsbury d Lake Champlain.—This was the Portland Sc Ogdens¬
burg, Vermont Division, and was reorganized under this title in 1880.
Preferred stock, $1,298,000; common stock, $2,550,000. Net earnings
year 1880-1, $51,667.
(V. 30, p. 651; V. 31, p. 21, 397; V. 32, p. 145,
336,422; V. 33, p. 202,327.)
St. Joseph d St. Louis.—St. Joseph, Mo., to Lexington, Mo., 76 miles.
Present company is successor to the St. Louis & St. Joseph Railroad, sold
in foreclosure February 8, 1874. Has no funded or floating debt. The
St. Louis Kansas City & Northern took a lease of the road for 99 years

July 1, 1874.

The terms of the lease are an annual payment of $3o,000
of gross earnings, but $25,000 guar.

for five years and then 30 j>er cent

$2,750,000 first mortgage bonds, but by agreement they were changed
into their present form. Gross earnings year ending Oct. 31, 1880,

(V. 33,

p.

256.)

Mo., to Joplin, 12 miles; Joplin to Girard, 37 miles; Carbon Branch,4
miles ; Peirce City to Oswego, Kan., 73 miles; total owned, 420 miles;

Wichita, 145 miles; Plymouth to State

Line, 32 miles; State Line to Fayetteville, Arlc., 38 miles; Seneca to
Vinita, I. T., 34 miles; total leased and controlled, 249 miles; total

operated Dec. 31, 1880, 669 miles. This company was organized Sept.
20,1876, as successor to the Atlantic Sc Pacific Railroad. The latter was
chartered by act of Congress July 27, 1866, and embraced the South
Pacific Railroad (originally the Southwest Branch of the Pacific Railroad
of Missouri), which was consolidated with the Atlantic & Pacific road
October 25, 1870.
The South Pacific Railroad had a grant of lands
by act of Congress June 10, 1852, of 1,161,205 acres. The Atlantic &
Pacific received about 500,000 acres of land.
The South Pacific lands
showed 581,009 acres on hand January 1,1881. Atlantic & Pacific lands
showed 293,282 acres on hand at same date, and for these lands (A. *&P.)
the second mortgage bonds, class B, are receivable in payment.
The
interest on bonds “ B ” and “ C ” is 3 per cent till Nov., 1881, 4 for 1882,'
5 for 1883 and 6 afterward.

The trust bonds of 1880

East Division—West St. Joseph,

Kan., to Marysville, Kan, 112 miles; West Division—Marysville, Kan.,

Hastings, Neb., 115 miles; Hastings & Grand Island road, 25 miles :
total, 252 miles. This is a reorganization of the former St. Joseph Sc
Denver City road, which went into the hands of a Receiver in 1874
and was sold in foreclosure in November, 1875.
On the foreclosure
of the two divisions two companies were organized, the St. Joseph
to

& Pacific and the K*. vsas A Nebraska, with bonds as above. These
were consolidated as Sv Joseph &
Western, the stock is $4,100,000,




are

secured by

deposit of 7 per cent mortgage bonds of the St. Louis Ark. & Texas RR.
and Joplin RR. First preferred stock has prior right to 7 per cent (noncumulative) ; then pref. entitled to 7 per cent; then common entitled
to 7; then all classes share in any surplus. The pref. and 1st pref. also
take precedence of any mortgages made subsequent to the creation oi
said stocks.

St. Joseph d Western.—Line of road:

from Pacific to
miles; Orongo,

the

On January 31, 1880, an agreement was entered into with
Atchison Topeka & Santa Fe for const-ruction of a through line to tns
Pacific coast on the parallel from Albuquerque, on the Rio
to San Francisco.
The road is to cost $25,000,000, and to he known
as the Atlantic Sc Pacific Railway.
Three trustees—John A. Stewart,
of the U. S. Trust Company, Warren Sawyer and H. P. Kidder, of

Grande

Boston

The voting power is to oe
vested in six directors, of each road. The old companies arc to preserve
their separate organizations, and the gains of traffic on the extension are

—are

appointed to hold the stock in trust.

October,

KAILKOAD stocks

1881.]

confer a great favor by giving immediate notice

Subscribers will

explanation of coli mB headings,
on first pa-fceof tables.

&o., see notes

Date
Miles
of
of
Road. Bonds

Francisc —f Continued J—
Id

St. Louis £ San
2d mortgage bonds, B, g»
do
do C, gc

1876
1876
1880

d...a

Equipment mortgage, gold....
Mortgage on Mo. & Western RR.,
Trust bonds

.

Wichita & Western
(for $35,000,000)
Joplin RR. bonds.
St. Louis Texas £ Out/— 1st mortgage
:...
Income land grant bonds
St. Louis Vandalia £ Terre Haute—1st M. s. f. guar
2dmort., sink, fund ($1,600,000 guar.)
St. Paul £ Duluth—Preferred 7 per cent stock...
Common stock
1st mort. bonds, coup, or reg
St. Paul Minneapolis £ ManitoOa—Stock
1st mortgage, St. Paul to St. A
2d M., and 1st on road from St. Paul to Watab
1st mort. land grant sinking fund, gold
Consol, mortgage

1875-906

Sandusfcy Mansfield &
1st mortgage, new

gold ($12,000 per mils)

Newark—Re-organized stock

& North Pacific—Stock
Charleston—Stock

San Francisco

Savannah £

by S. C. .
Funded int. bonds, S. & C. RR., guar, by S. Car...
C. & 8.,, guar,

1st mortgage,

Savannah & Charleston RR

Savannah Florida £ West.—Consolidated 1st
Southern Georgia & Florida, 1st mortgage
do

do

2d mortgage

Savannah Griffin £ N. Ala.—1st mortgage
Schenectady & Duanesburg—1st M., guar.
Schuylkill Yalley—Stock
to be

mort.

D. & H_.

divided in equal proportions. The two

.

^

.

.

Size,

or
Par

Value.

$500&c.
500 &c,.

.

All

....

....

....

.

1,000

....

1.000

....

158
158
169
169
169
861
10
76
656
656

iie
116
94
111
101
■

ioi
286
58
58
63

14^
11

1,000

1867
1868

1,000
....

1,000

1881

100

......

1862
1862
1879
1879
1880

1,000

1,000
100 &e.

1,000
1,000
50

....

....

....

....

...

1853
1868
1869
1867
1869
1869
1871
1874
....

500
100 &c.
500
500 &o.

1,000

1,000

companies divide the issue of

companies

take from subscribers, before 40 per cent
bond, paying back
with subscribers
an income bond for $500 costing nothing.
Each company agrees to fur¬
nish one-half of tliis amount, and in addition to Its share of bonds
pany will reserve the right to
of the subscription has been paid, the first mortgage
the subscriptions advanced with interest, but leaving

receives also a bonus in stock.
The statement of income account for
p,

interest.
The annual report for

ing income account:
To
To
To
To
To

first six months of 18S1 (V. 32,
$233,662 over all expenses, including
1880 (Chronicle, V. 32, p. 28G) had the follow¬

686) showed a balance of

$705,940
157,500
105,021

'

39,141

101,25

$1,108,867

Balance, surplus
:
By total gross earnings..
Less operating expenses, improvements

$289,973
$2,698,370
1,325,128

and taxes

$1,373,242
13,568
H>2o2
7/6

Total net earnings
By mileage—leased lines
By interest
By improvement

$1,398,840

67,143,191, 289, 298,355, 409, 433, 519,
511; V. 32, p. 17, 44, 286, 437,686.)

-V. 30, p.

568; V. 31, p

"l
7
10
‘

Where

Payable
M.
M.
J.
F.

pal,When Due.

Payable, and by

Stocks—Last
Dividend

10m.

& N. N.
& N.
& D
&A

J. & J N.
M. & N.

Y., Company’s Office Nov. 1, 1906
do
do
do
do
do

Not. 1. 1906
June 1, 1895

do

do
do
do
do

Aug. 1, 1919
1920
1919
1911

500,000
1,666,000
464,000
200,000
500,000
500,000

Y., Third Nat. Bank
do

do

N.Y., J.S.Kennedy & Co

8
7

1 «•
6 g.
6 g.
2
7

6
7
7
7
7
7
7
6

576,050

New York.

F. & A.

13

Jau. 1, 1897
May 1, 1898
Nov.

8.

*5’

111,800

M.
J.
J.
A.
M.
.1.

do
do
S
do
do
J
J New York and Lohdon.
do
do
O
New York Agency.
N,
1st N. Bk., Sandusky, O.
& J. N. Y.. Uniou Trust Co.
&
&
&
&
&

M. &
M. &
J. &
J. &
M. &
M. &
&
M. &
J. &

14, 1881

Aug. 1, 1931
Aug. 1, 1881
1881
1892
1909
Oct. 1, 1909
Nov. 1, 1910
Oct. 1, 1875

July, 1902

S. Charleston, 1st Nat. Bk, March 1, 1877
New York,
Sept. 1, 1899
S.
Jan. 1. 1889
do
J.
July, 1897
J.
N. Y., H. B. Plant,
May 1, 1899
N.
do
do
May 1, 1899
N.
July 1, 1891
J.
City of Macon.
S. Del. & Hud. Canal Co. Sept. 1, 1924

J.

July 13,1881

Philadelphia, Office.

viUe to Moorhead, 23 miles; Grand Fork to Fargo, 75 miles; total, 861
miles. This company was organized out of the St. Paul & Pacific RR.,
the First Division of the St. Paul & Pacific Railroad, the Red Rijver

Valley RR., and the Red River & Manitoba RR. The company took
2,000,000, acres of land as successor to the roads above named, which
were foreclosed.
The small amount of the two mortgages first above
named, $466,000, is all that remains of the old bonds, and the new
land-grant mortgage is practically a first lien on the whole property at
$12,000 per mile. The proceeds of land sales are reserved by the first
mortgage trustees as a sinking fund for the redemption of the bonds at
or under 105 and interest.
The second mortgage bonds do not cover

under the charter
bouds are

the land. The company was organized May 23, 1879,
of the St. Paul Si Pacific Railroad. The Dakota Extension
issued at $12,000 per mile.
Annual report for the year ending June 30, 1881,

in V. 33, p.254.

$3,700,851, against $2,933,108 in 1879-80; net earn¬
$1,845,168, against $1,546,037 in 1879-80 (V. 30, p. 67, 209, 519,
V. 31, p. 21, 96, 153, 248, 281, 430; V. 32, p. 123, 336; V. 33, p.

Gloss earnings,
ings,

1880.

INCOME ACCOUNT FOR

bonded interest
dividend No. 1, first preferred stock
amount due leased lines
sundry expenses, salaries, &c
interest accrued but not due on bonds

When

*6*

1,000,000
505,000

100 &c.
50

r

3 &C. g.
3 &c. g.
7 g.
6 g.
6
6
6

1,000,000
15,000,000
120,000
366,000
7,221,700
8,000,000
2,400,000

1,000

bonds ($25,000,000). The cost of the first division will be about $12,500,000. Stockholders in the Atch. & Santa Fe and St. L. & S. F.
will have the right to subscribe for a 6 per cent bond at par, receiving
therewith a $750 6 per cent income bond. The Atlantic & Pacific Com¬

Cen

1,072,000
2,303,000
3,750,000

1,000

1869

$2,716,932
2,348,000

4,055,407

....

....

Outstanding

1,100,000
1,350,000
2,000,000
(?)
200,000
2,500,000
2,500,000
1,899,000
2,600,000
4,705,606

~

.....

Amount

639.000

1,000
1,000
1,000

1879
1880
1879
1881

84

gold

St. Louis

2d mort., gold
Dak. Ext., 1st mort.,

of any error discovered In these Tables.
Bonds—Prinei
INTEREST OR DIVIDENDS.

DESCRIPTION.
Vnr

bonds.

and

545;
254.)

Sandusky Mansfield £ Newark— Line of road, Sandusky, O.,
ark, O., 116 miles. A consolidation of several roads in 1856.

to New¬

Leased
Baltimore
for terms
of 20 years each. Rental is $194,350 yearly till 1884; then $199,350
for 1884 and 1885; then $204,850 annually.
It is operated as Lake
Erie division of the Baltimore & Ohio system.
In 1878-79 the gross
earnings 'were $639,821, and net earnings, $189,114; in 1879-80 gross
earuiugs, $847,221; net, $208,853. (Vol.'29, p. 535 ; V. 30, p. 544.)
February 13, 1869, to Central Ohio Railroad, guaranteed by
& Ohio, aud uew lease made February 23, 1880, extending to December
1,1926, with option to the Balt. & Ohio Company to renew

San Francisco £

Cloverdale, Cal.
Guerneville, Cal., 16 miles
(no later infor
72 miles oper

North Pacific.—San Rafael, Cal., to

78 miles, with a branch from Fulton, Cal., to
This is a consolidation of several companies. In 1876-7
mation furnished) gross earnings were $467,501 on

ated, and uet earnings

$247,398.

Savannah £ Charleston—Savannah, Ga., to Charleston, S.
miles; Ashley River branches, 5 miles; total, 111 miles.
Charleston & Savannah Railroad; reorganized in 1876 under

C., 106

Formerly the
present
St. Louis Texas d• <7u7/-Proposed line from Marshall to Sabine Pass
name, and opened March, 1870.
Defaulted September, 1873, and
and Galveston, Texas. Bonds offered in London in September, 1881, since
operated by a Receiver. Sold in foreclosure June 7, 1880, for
purchasers receiving with each $1,000 bond a $1,000 income bond and $300,000, and turned over by C. P. Mitchell, Receiver, to the new com¬
$500 in stock. (V. 33, p. 218.)
pany, called the Charleston & Savannah Railroad.
(V. 30, p. 625; V.

St. Louis Vandalia & Terre Haute.—October 31, 1880, owned from
East St. Louis to Indiana State line, 158 miles. Road opened July 1,
1870. It is leased to the Terre Haute & Indianapolis Railroad at a rental
of 30 per cent of gross earnings. For the year ending October 31, 1880,

$465,920, and the year’s charges against this sum
were $346,984; leaving a surplus for the fiscal vear of $118,935,
which was applied to the repayment of advances heretofore made to
this company by the lessee, leaving the balance to debit of profit and
loss, October 31,1880, $201,798. The annual report for 1879-80 was
published in the Chronicle, V. 32, p. 120. The first mortgage and
$1,000,000 of second mortgage bonds are guaranteed by the lessees and
the total income

was

also by the Pitts. Cin. & St. Louis Railroad and the Col. Chic. & I. C. Co.
The stock is $2,383,315 common and $1,544,700 preferred. The pre¬
ferred was issued for income bonds ($1,000,000) and for deficiencies
made up by the lessees.
Thos. D. Messier, President, Pittsburg, Pa.
Operations and earnings for five years past were as follows:

Years.

Miles.
158
..158
158
..

..

Passenger
Mileage.
16,180,710
14,827,425
13,092,370
12,974,971

Freight (ton)

Mileage.

Gross

Net

Earnings.

Earnings.
$247,393
207,067
158,685

45,972,258
50,618,136

$1,062,075

58,722,821

1,054,627

1,052,208

294,272
1,244,643
86,424,189
446,018
1,552,801
96,544.226
116; V. 32, p. 71, 120,
33, p. 357.)

31, p. 230.)
Savannah Florida £

Western.—Savannah, Ga., to Bainbridge, Ga., 237

Ga.. 58
consolida

miles; branches: to Live Oak, Fla., 49 miles; to East Albany,
miles; other, 3 miles; total operated, 350 miles. Tliis was a
tion in 1865 of the Savannah Albany & Gulf Railroad and the Atlantic
& Gulf under the latter name. The Atlantic & Gulf road was Bold in
foreclosure of the second mortgage ou November 4, 1879, subject to the
consolidated mortgage and other prior liens amounting to about

$2,705,000. The old sectional mortgages yet out-amount to about
$335,000. The present company has been organized with a capital
stock of $2,000,000, and a dividend of 7 per cent was declared out of
the earnings of 1880.
The only report of earnings made for several
years was

that published for

1880 in V. 33, p. 200, showing uet earn¬

ings of $365,080. (V. 29, p. 40, 250, 488, 608; V. 33, p. 200.)
Savannah Griffin £ North 4l-abama.—Griffin, Ga., to Carrollton, Ga.
63 miles. Operated in connection with Central Railroad of Georgia
Capital stock, $1,010,900. In 1879-80 gross earnings wore $58,860, and
net earnings, $20,693.
Schenectady £ Duanesburg.—Fvova Quaker Street Junction, N. Y., to
Schenectady, N. Y., 14 miles. Formerly Schenectady & Susquehanna

and leased in per¬
Canal Company. Lease rental,
289;'V.
p7
bonds. Stock, $100,500.
St. Paul £ Duluth.—Line of road, St. Paul, Minn., to Duluth, Minn., 156
Schuylkill Valley—Port Carbon to Reevesdale, Pa., 11 miles; branches,
miles; Stillwater & St. Paul Railroad (leased), 13 miles; total, 169 miles. 10 miles; total, 21 miles. It is an old road, and was leased to the Phila¬
This was the Lake Superior & Mississippi Railroad, opened August 1,
delphia
from September 1,1861, at an
1870, and leased to the Northern Pacific. Default made January 1,1875, of 5 per & Reading RailroadOperations are included in the annual rental
cent ou the stock.
Philadelphia
and road sold in foreclosure May 1, 1877, and reorganized June 27th.
The preferred stock is received in payment for lands at par. Three 6 Reading reports.
Scioto Valley.—Columbus, O., to Ohio River, 130 miles. Road opened
shares of common stock have one vote, and each share of preferred has
one vote.
Pref. stock has a prior right to 7 per cent from “ income from in January, 1878. Stock is $2,500,000. Enough of the consolidated
all sources,
including land sales;” then common to receive 6 per emit; mortgage is reserved to take up the first and second mortgage bonds.
then remainder of income to he applied to purchase of pref. stock. The -(V. 27, p. 653 ; V. 28, p. 525 ; V. 31, p. 88, 445; V. 33, p. 93, 102.)
net income since 1878 having been spent on improvements in 1881, it
Seaboard £ Roanoke—lane of road, Portsmouth, Va,, to Weldon, N. C.,
was determined to issue 10
per cent of new preferred stock to the pre¬ 80 miles. Road opened 1851. The company has paid dividends for a
ferred stockholders of record Nov. 1,1881, payable Nov. 14, to repres¬ number of years. Of the stock, $1,055,400 is common, $200,000 is 1st
ent the cash so spent in
improvements. The company has a land grant, 7 per cent guar., and $44,200 is 2d guar. Net earnings in the year
of which about
1,276,000 acres remain unsold. In 1880 gross earnings ending March, 1880, $236,452.
vere $668,777; net earnings, $93,182. <V. 29, p. 68, 118, 436) V. 30,
Selma Rome £ Dalton.—This was the status of road prior to foreclos¬
P. 58, 264, 545; Y, 32, p. 419. 469, 686; Y. 33, p. 155, 329, 3o9, 386.)
ure, hut now the road is owued by the East Tennessee Virginia <fc
St. Paul Minneapolis £ Manitoba.—June 30, 1881, owned from St. Georgia, and operated as part of it. Extends from Selma, to Ga. State
Paul to St. Vincent and Northwest boundary, 393 miles; Minneap¬ line. Successors to Alabama & Tennessee River RR. The road was opened
olis to Barnesville, 237 miles; Crookston to Opata, 38 miles; Morns June 1, 1870. Defaulted in 1871, and deoree of foreclosure obtained
to Brown’s
Valley, 47 miles; Breckenridge to Durbin, 48 miles; Barnes- March 24,1874. The line in Georgia (65 miles) was sold November, 1874%
-(V. 28,

..

..

158
158

p.




17,309,919

19; V. 30,

Railroad, and was

foreclosed in 1873; reorganized

petuity to the Delaware & Hudson
$30,000 per year, paying 6 per cent on

Subscribers will confer

a

explanation of column headings, Ac., see notes
on

first page

of tables.

Miles
of

Date
of

Road. Bonds
98

1876

98
130
80

1879
1880

80

Scioto Talley—1st mort. (s. fund $13,000 per year).
2d mortgage (sinking fund, $5,000 per jrear)
f -Consol, mortgage
Seaboard <& Roanoke—Stock
1st mortgage
Selma Rome <t Dalton—1st mort., Ala. A Tenn. Riv.
2d mort., Alabama & Tenn. River RR
General mortgage
Sham ok in Valley cC Pottsville—Stock

Par

m

....

....

....

...

Carolina—Stock
1st mortgage, sterling loan
1st mortgage, dollar bonds (L)

i871

1880
1881
1869

1880
1868
...

1.871

South

...

242
242
242

183

1868
1868
1872
1866
1868
1870

183

(for $3,000,000)

Domestic bonds (I)
Domestic bonds (K)
So. dk No. Alabama— 1st M., endorsed by Alabama.
Sterling mort., s. fund, guar, by L. A N
South Pacific Coast—Stock
Southern Central (N. i.)—1st mortgage
2d mort. gold ($400,000 end. by Lehigh V. RR.).

50
500 Ac.

1880

....

1,000

500 Ac.
100
1000&C.
500Ac.
500 Ac.
100
100
Various
500

1873

....

81
114
114
114
11.4
87

1869
1872

1,000
£200

$1,000

1877
1877
1870

210 Ac.
210 Ac.

575,050

500 Ac.
1,000

712

Chronicle, V. 30, p. 434, the following account was given:

“ In 1852

The Selma Rome & Dalton Company was

organized in 1868, deeds of conveyance obtained from the Alabama &
Tennessee River

Company and the Dalton A Jacksonville and the
Georgia A Alabama companies, and the three roads consolidate t under
the management of the new corporation. The old Alabama road

rebuilt, it is claimed, at a cost of $1,000,000, and the line extended
101 miles to Dalton, Ga., at a cost of some $2,000,000. After much liti¬
gation as to the lien of the Alabama & Tennessee River n ortgage, the
case went to the Alabama Supreme Court, and a short time ago the
Court rendered its final decision, re-establishing the subjection of the
whole 172 miles of road in Alabama to the first and second mortgages
of the Alabama A Tennessee River Company. The Court held, however,
that the 440,000 acres of public lands granted by Congress to aid in the
construction of the Alabama & Tennessee River road were subject to
the Selma Rome & Dalton mortgages as superior liens. The Receivers’
certificates outstanding ($615,837) were made a lien on the company’s

equipment.

(V. 30, p. 299, 323, 375, 434, 568, 589, 651.)
Shamokin Valiev <£• Pottsville.—Line of road, Sunbury, Pa., to Mount

Carmel, Pa., 27 miles; branch to Lancaster Colliery, 4 miles; total, 31
miles. The road was leased February 27,1863, to the Northern Central
Railway Company, with a guarantee of interest on the bonds and 6 per
cent per annum on the stock. The yearly reports will be found in the
Chronicle with the reports of the Northern Central Railroad. Geo. B
Roberts, President, Philadelphia.
Shenandoah Valley.—This road is completed from Hagerstown, Md„
to Waynesboro, Va., 142 miles. The company proposes to extend south¬
ward from Waynesboro to a connection with the Norfolk A Western
road. The general mortgage of 1881 is at $25,000 per mile to retire the
two prior mortgages and to construct new road. Tlie stock is $1,458,760. William Milnes is President, Philadelphia. (V. 32, p. 422, 469;
V. 33, p.48,357.)
■

Shenango <t Alleghany.—Line of road, Shenango, Pa., to Brady’s Bend,

Pa., 95 miles; in operation, Shenango to Hilliard, Pa., 46 miles. The
road was leased to the Atlantic & Great Western, and “ rental trust ”
bonds were issued.
The company made default in 1879, but the
October coupons were paid Feb. 21, 1880. (V. 29, p. 408.)
Shore Line (Conn.)—Line of road. New Haven, Conn., to New London,
Conn., 50 miles. Leased to New York and New Haven Railroad Com¬
pany in perpetuity November 1, 1870, at $100,000 net per annum.
Chartered as New Haven A New London Railroad; sold in foreclosure
and reorganized under present title June 29, 1864. Dividends 3*3 in
Jan. and 4 in July. Operations and earnings for five years past were
as follows:

Passenger
Mileage.

Freight (ton)

Gross

Net

9,684,933

Mileage.

1,473,634
1,265,575
1,363,500
1,426,229
1,918,831

Earnings.

Earnings.

$379,571

$108,083
49,869
101,539
143,171

7*2

154,486

7^

8,213,330
7,870,049
7,212,083
8,782,782
—(V. 28, p. 40; V. 31, p. 509.)
..

..

..

..

342,374

317,978
299,086
349,111

Div.
p. e.
8
8
8

Neb
110 miles; total line operated
Pacific roads, but the interest on first mort
tgage bonds has not been fully
Railroad
earned, and the United States Auditor of Rauroaa Accounts reports no
rep
net earnings subject to the payment of 5 per cent to the United States.
For the year ending Dec. 31, 1879, the gross earnings were $470,590
and net earnings, $137,626. The capital stock is $2,068,400, of which

$169,000 is preferred, receiving a dividend of 7 per cen per annum.
majority is owned by Cedar Rapids A Mo. RR. Company. The
balance sheet of the company Dec. 31,1879, was as follows :

A

Liabilities.
United States bonds... .$1,628,320
Interest on bonds
1,122,350
First mortgage bonds.. 1,628,000
Interest on bonds
50,460
Bills payable
5,000
Pay-rolls and vouchers.
45.724
Accounts payable
85,681

Capital stock

2,068,400

Assets

Road and
-Material
Material.
Cash

equipment....$5,351,015

Company’s bds. A stocks.

Accounts receivable.
Due from United States..
Deficit or debit (balance,
to income one-half)

36,784
58,378
5,000
39,106
109,844

1,033,807

Total
$6,633,935 |
Total
$6,633,935
Oliver Ames., President. North Easton. Mass. (Y. 27, p. 96, 253. 374: V.
31, p. 46, 68, 481; V. 32. p. 232.)




42,000
1,500.000

....

500.000
-

Where

Payable, and by

Payable
&
A
A
A

pal,When Due.

StocJcs—Last *

Whom.

Dividend.

J. N.Y., Winslow, L. A Co.
0.
do
do
do
J.
do
N. Phil.,Townsend,W.ACo.

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

0.
O.
J.
S.
J.
J.
J.

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

A
A
A
A
A
A
A

London.
J.
1878 to ’83
J. N. Y., Nat. City Bank.
1878 to ’38
O.
do
do
l Oct. 1, 1902
O.
Charleston.
April, 1S91
J. N. Y., Nat. City Bank. 1880 and 1892
J. N. Y., Drexel, M. A Co. Jan. 1, 1890
N. London, Baring Bros.
1903

F.
M.
F.
M.
M.

A
A
A
A
A

A.
S.
A.
S.
N.

7
7
7
7
7
6
6
5

600,000

the Alabama & Tennessee River Railroad Company was organized to
build a road from Selma, Ala., to Gadsden, on the Tennessee River, a
distance of 170 miles. The company built 135 miles of the road and

..

391,000

5,075,010
|1,000,000
1,500,000

lOOOAc.

due on those for 19 and 15 years respectively.
An appeal was
taken to the U. 8. Supreme Court, and the sale was made subject
to that appeal. A second mortgage was for $3,900,000,
and the
stock" $4,000,000, and cost of road put at $12,980,000.
In the

..

1,206,500
1,067,500
63,50Q

500
100

When

Botuls- PriHoH

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

6
6
7
1
5
6
7
7
6
8
6

1.051.500

....

reorganized as Georgia Southern. The line in Alabama was sold
14, 1880, for $1,700,000, and the Court held the Alabama &
Tennessee River mortgages a prior lien on this, and interest is over¬

Years.
Miles.
50
1875-6....
50
1876-7....
50
1877-8....
50
1878-9.,..
1879-80
50

discovered in tbese Tdbles.

7
7
7
4
7
7
8
7
3
7 g.
7

4^2

5,819,275
1,482,666

1875
15 1 1880

mortgage interest bonds
2d mortgage interest bonds
Southern Iowa <£• Cedar Rapids—1st mort., gold—
Southern Maryland—1st mortgage, gold
South. PacACal.)—1st mort..gold,land gr., cp.orreg.
Monterey, 1st mortgage

partly graded 10 miles.

[VOL. XXXIII

6 g '.
7
3L>

•

1,299,600
210,000
791,000
230,000
5,000,000
869,450
2,000,000
2,100,000
1,400,000
(?)
874,500
1,000,000
200,000
1,628,000
1,628,020
450,000

1,000

m

Rate per
Cent.

177,000
603,000

781
-

140
140
32
50
50
102
102
25

Shore Line (Conn.)—Stock
1st mortgage
Sioux City <£ Pacific—1st mortgage
2d mortgage (Government subsidy)
Somerset—1st mortgage, gold

was

$1,294,000

100

28
140

($25,000 per mile)
Shenango <£ Alleghany—1st mortgage

Tune

Outstanding

$500Ac.
1,000

m

171
28

General mort., gold

and

Amount

Value.

,

gold, on road and lands
Shenandoah Valley— 1st mort. ($15,000 per mile)..
2d mortgage, income ($10,000 per mile)

1st

BONDS

INTEREST OR DIVIDENDS.

Size, or

1851

m

1st mortgage,

2d mortgage

AND

great favor by giving immediate notice of any error

DESCRIPTION.

For

STOCKS

RAILROAD

lii

28,872,000
250 000

g.
g.
-

g.
g.

g.

g.

Jan. 1, isos
April 1, 1994
1, 1910
May, 2, 1881
A A. N. Y., Mech. Nat. Bank.
Aug., 1880
A J.
New York, Office.
Jan. 1, 1872
do
A J.
do
Jan. 1, 1864
A O.
do
do
April 1. 1887
A A. Philadelphia,Treasurer.
Feb., 1881
.

A J.

....

A.

do
do
July, 1901
N.Y., Clark, Post A M. Jan. 1, 1909

Philadelphia and N. Y. April 1, 1921

N. Y., N.Bk. of Com’rce.
N. H., Nat. N. H. Bank.

April 1, 1889
July 5, 1881
&o
&o
March, 1910
N. Y. .Nat. Park Bank.
Jau. 1, 1898
U.S. Treas., at maturity Jan. 1, 1898
July. 1891
May, 1871

N. Y., Nat.
do

City Bank.
do
do
do

do

do

Mar. 1, 1882

Aug. 1, 1887
: Sept. 1, 1887
| May 1, 1900
I

g.

g.

Aug. 1, 1899

A. A O. N.
A. A O.

Y., C. P. Huntington. |
do

do

.

April 1, 1905

April 1,1900

Somerset.—West Waterville, Me., to Anson, Me., 25 miles. An exten¬
sion of 7 miles to Solon proposed. Capital stock, $377,573. Gross
; net, $2,808 ; 1879-SO, $20,098 ;
South Carolina— Charleston to Hamburg, S. C., 137 miles;

earnings, 1878-9, $19,223

net, $3,580.
branoliesto
Columbia, 68 miles, and to Camden, 38 miles; total main line and
branches, 243 miles.
A receiver took possession in
September,
1877, at the suit of 2d mortgage bondholders; a large part of
tnis mortgage
was hypothecated
at 50 cents on the dollar to
secure floating debt.
A plan of reorganization to save foreclosure was
made in 1880. In January, 1881, the committee made essential modi¬
fications of the plan (see V. 32, p. 123).
The sale was made July 28, 1881, and the road purchased by W. H.
Brawley for the committee, for $1,275,000 over the first mortgage debt.
The last annual report was in the Chronicle, V. 32, p. 394. Large
amounts have been expended out of the earnings for improvements, and
in 1880 about $275,000 were so spent for steel rails and equipment.
Earnings for five years past were as follows:
Years.
1876....

Miles.
243
243
243
243

y

879
1880

Gross

Earnings.
$1,126,437
1,020,664
1,011,861
1,052,023
1,217,756

NetEarn’gs.
$478,684
426,910
371,631
337.745
341,962

—(V. 29, p. 632 ; V. 30, p. 43, 358,409/494. 517, 568; V. 31, p. 153, 306,
359, 536; V. 32, p. 123, 394, 420, 544, 579; V. 33, p. 125.)

Montgomery. Ala., 183
The road is
controlled by the Louisville A Nashville Railroad Co., which owns a
majority of the stock and the whole of a 2d mort. bond issue of $2,000,000, due 1910, which are pledged with the Union Trust Company as
security for the L. A N. bonds, dated June 1, 1880. 500,000 acres
of land iu Alabama, largely mineral, nave been transferred to the
Louisville A Nashville Co. Common stock, $1,461,767; preferred stock,
$2,000,000. In 1878-9 gross earnings were $873,196; operating ex¬
penses, $558,610; net, $314,586; deficit to Louisv. A N. Co., $100,285.
South Pacific Coast—Dec. 31, 1880, owned from Dumbarton Point to
Junction (Felton), Cal.. 50 miles; leased—Alameda Point to Newark,
24 miles; Felton to Santa Cruz, 7 miles; total, 81 miles. There are no
bonds but unfunded debt of $L,870,286.
Gross earnings 1880, $386,469; operating expenses, $477,493; deficit, $91,023. A. G. Davis,
President, Sail Francisco.,
Southern Central (N. T.)—Sept. 30,1880, owned from Fairhaven, N.Y.,
to Pennsylvania State Liue, 114 miles. Road forms an extension into
New York State for Lehigh Valley Railroad, which company endorses
$400,000 of second mortgage bonds. Capital stock paid in is $1,790,234.
Gross earnings in 1877-8,' $462,906; operating expenses and taxes,
$320,056; net earnings, $142,850.
In 1878-9 gross earnings were
$419,942 ; net, $102,272; 1879-80, gross, $455,467^ net, $149,237. (V.
28, p. 351; V. 29, p. 629.)
Southern Iowa<£ Ced.Rapids.—In progress. Ottumwa to Ced. R., Iowa.
Southern Maryland— The Southern Maryland Railroad is designed to
extend from Point Lookout, at the. mouth of the Potomac River, to
Washington, where it will make connection with the Baltimore A Poto¬
mac Branch of the Pennsylvania Road, and with the Washington &
Metropolitan Branch of the Baltimore & Ohio Road. The length will be
77 miles. J. H. Linville, President, Philadelphia.
Southern. Pacific of California. — Road in operation April, 1881Northern Division—San Francisco, Cal., to Soledad, 143 miles; Caruar
dero to Tres Pinos, 18 miles; to Monterey (leased), 15 miles; total, 176
miles'; Southern Division—Huron to Los Angeles, 280 miles; Los Angeles
to Yuma, 249 miles: Los Angeles to Wilmington, 22 miles; total, 551
miles; total Southern Pacific, in Cal., 712 miles. At Goshen the Southern
South & North Alabama.—Decatur, Ala., to

miles, with

a

branch of 7 miles from Elmore to Wetumpka.

Division meets the San Joaquin Branch of the Central Pacific, by wnion
it reaches San Francisco and the main line of Central Pacific. The pro¬
jected lines are Soledad to Lerdo Junction, 160 miles, and Mojave Junct.
to Colorado River, 278 miles. The Southern Pacific forms part of a

through line to El Paso, and there will meet the Texas Pacific.

At its

in¬
dependent but closely affiliated company, some 385 miles, to a junction
with the New Mex. Div. of 171 miles mpretoEl Paso. A junction witn
the Atchison Topeka A Santa Fe, thus forming a new route to the Pa^dio
coast, was made March 17, 1881. The bonds above are in series A. B, e*
andD, of which A includes $15,000,000 and B, C and D each $5,000,000;
there are also three other series, E and F of $5,000,000 each, and G or
$6,000,000; these latter are to be issued for new construction. Dana
grant is 12,830 acres per mile, and proceeds of sales go to pay bonas.
The total grant is estimated at 11,000,000 acres, of which 7j000.quo
pert-iin to road now built. Besides these sales a sinking fund oi
$100,000 per annum goes into operation in 1882. Stock paid m i»
$36,763,900. The Central Pacific Railroad Company has taken a leas©
of the southern division of this road for a period of not less than nve
years from January, 1880, and by the terms of the lease “if a raiiroau
is not completed in five years from that date, so that there is a connec¬
tion of the Southern Pacific Railroad of California with the Eastern sys¬
terminus at Yuma It connects with the South. Pac. RR.of Arizona,an

on what is known as the thirty-second parallel line, tne
lease shall be extended until such connection is made, provided suca

tem of railroads

October,

EAILEOAD

188 K]

Subscribe*** will
ftTDlanation of column
y
on

headings, Ac., see notes

first page of tables.

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

mort, gold,cp. or reg.
southern Pacific of N. Mexico-Mort,, coup, or reg..
southern Pennsylvania- 1st mortgage, gold
southwestern (Ga.)-Stock, guarant’d 7 per annum
Southwest^ Pennsylvan ia-Stock
SwltenDuyvil d Tort Morris—Stock(red’bleaft.’88)
state Line <& Sullivan—1st M., conv.
Staten Island—1st mortgage
Sterling Mountain (N.Y.)—1st mort., income, guar.
Stockton d Copperopolis— 1st mort., (guar, by 0. P.)
Summit Branch (Pa.)-Stock
lBt mortgage bonds

Erie Junction—Stock
Siiracuse Binghampton d N. 1—Stock—
2d mortgage (now first).
..
Consol, mortgage (guar. D. L. AW.) ...
.......
Suvacuse Chenango d New York—Funded debt
Syracuse Geneva d Corning—1st mortgage
Terre Haute d Indianapolis—Stock
Suspension Bridge d

Bonds ot 1873.

384
167
24
257
42

’79-’80
1881
....

Logansport.—Stock

gold

Texas d Pacific—Stock
1st mortgage, gold, coup. (E.
2d mort., consol., gold, coup.

$1,000
1,000
100

liii

....

1878
....

1881
1875

7H
45
20
20
23
23
81
81
81
43
57
113

.

.

1,000
1,000

1.000,000

1870

1,000

1,000.000

1875

100

2,500,000

1867
1876
1877
1875

1,000

500.000

....

1873

....

land gr., coup

Div.)
(E. Div.)

and land mort., reg
*
Lanaserip for iut.on inc.mort. (conv. into st’k or I’d)
Income

$25,000 p. mile
per mile).

1st mort., g.,1. gr., Itio Gr. Div.,
New Orleans Pacific, 1st mort. ($20,000

Louis—First mortgage, gold
and 2d on road.
gold

Income bonds, 1st mort. on land
Texas Trunk—1st mort. land grant

1879

•93
143

1879
1875

890
524
524
524
500
200
190
190
35

1875
1875
1875

....

50

1,000
1,000
1,000

1,000

1,000

1,000

1880

1,000

1,000
....

1.000

extension does not exceed five years longer, or ten years in all,” from
January, 1880. By the terms of the lease, the net rental is $250 a
month, or $3,000 a year per mile, and if it shall be reduced by mutual
consent, the rental shall be at least sufficient to pay interest on bonds.
In 1880 the net earnings were $442,705 on northern division and

270,000
1,750,000
261,400
1,000,000
1,988,150

1,600,000
500,000
500,000
2,145.000
1,620,000
25,261,000

•

•

•

Stocks—Last

by

Whom.

J.
New York Citv.
J. N. Y., Company’s Office
S.
D. Savannah,Cent.RR. Ga.

Dividend.

Mar., 1909-10
Jan. 1, 1911
Mar. 1. 1900
June 20,188L

(0
Feb., 1917
Jan., 1831
Jan. 1, 1399

«

N.Y., Company’s Office.

....

New York.
N. Y., Central Pacific.

Fel).
J. A J.
F. A A.
J. A J.
J.
J.
J.
A.
F.

A
A
A
A

July 7. 1895
January. 1905
Feb. 16, 1875
Jan. 1, 1904

Phila., 233 So. 4th St.
do

do

J. N. Y. Lake Erie A West,

July 1, 1900
Feb., 1881

D, N.Y., D L.A W. RR. Co.

D.
O.
A A.

A. A O.

do
do

do
do

do

June, 1887
1, 1905

Oct.

Syracuse Savings Bank.
N.Y.,Farmers’ L.A T.Co.
J. A J. N.Y.,Farmers L.A T.Co.

Aug. 1, 1907
Nov. 15, 1905
Aug. 1, 1881

do

1893
1910

6
7 g.
7

8,202,000
2,127,000
12.500,000

J. A J. N.Y., Fariners’L.A T.Co.
M. A N.
New York.
F. A A. 1 N. Y., 54 Exchange PI.

6 g.
6 g.
7

4,050,000
9,050,000

1,000
1,000

1880-1
18S0
1880
1880
1880

1876-90

1,000
50 Ac.

A
A
A
A

pal,When Due.

F. A A. Phila. and Greensburg.
J. A J.
New York.
J. A J. N. Y., Uuion Trust Co.

7
4
7
7
7
5
3
7
7
7
2
7
7
7
7
4
7

4,010,350

1874

J.
J.
M.
J.

3^
3^

200,000
300,000
476,000
500,000

.

500 Ac.
50

....

Bonds—P rinei

j Where Payable, and

Payable

6 g.
0 g.
7 g.

$9,604,000
4,180,000

100 Ac.

When

Rate per
Cent.

3,892,300
546,150
962,000
989,000

1,000

50

& Ind’napolis

i

....

LS77

6
29
13

Outstanding

625,000

....

....

Amount

....

....

*

Terre Haute d
1st mortgage, guar, by Terre Haute
Texas Central—1st mortgage,
Texas d N. Orleans of ’74—1st mortg.

Texas d St.

BONDS.

INTEREST OR DIVIDENDS

Miles

Fac. of Arizona—1st

mu them

AND

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

DESCRIPTION.
vnr

STOCKS

M. A S. Phila., N.York ALondon March 1, 1905
do
June 1, 1905
do
T. A D.
July. New YorkA Philad’phia Jan. 1, 1915
F. A A.
A J.
J. AD.

6 g.
6 g.

N.Y., Mercantile Tr. Co.

; J.

4,000,000
2,128,000
2,128,000

6 g.

0

I

140,000

7 g.

1

do

do

Nov, 1, 1909
Aug. 1, 1905

Feb. 1, 1930
July 1, 1920

St. L. A I. Mt.

June 1,
June 1,

Boston.

N. Y.,

May 1.

...

M. A N.

1910
1920
1910

1878-9 gross earnings were $418,510; operating expenses, $242,655;
net, $175,861. (V. 29, p. 629.)
Terre Haute d Indianapolis.—From Indianapolis to Illinois State Line,
80 miles, w ith coal branches, 21 miles; total, 101 miles.
The road was

opened in 1852 (as Terre Haute A Richmond), and has been one of the
rental on southern division; total, $2,118,014, out of which best of Western roads. The company leases and operates the St. Louis
Vandalia A Terre Haute Road on joint account with the Pittsburg
were paid $1,762,140 for interest and rental, leaving a surplus of $355,874. The Monterey road (leased) has a capital of $250,000. (V. 31, p. Cincinnati A St. Louis Railroad, at 30 per cent of gross earnings, but
154,196, 248, 359, 428, 430, 454, 560, 673 ; V. 32, p. 99, 101, 182, 336, guarantees the first and second mort. bonds. Earnings for 1878-9 were
$1,082,373 gross and $404,370 net; in 1879-80, $1,327,135 gross and
420, 569, 628, 6 3 5,660; V. 33, p. 23, 75, 202.)
Southern Pacific of Arizona.—This is the connecting line of the South¬ $446,695 net.
Terre Haute d Logan sport.—Bond extends from Logansport, Iud.. to
ern Pacific of California, extending from Yuma to New Mexico boundary,
Rockville: Formerly Logansport Craw fords ville A Southwestern, which
383 miles. The stock is $19,950,000.
was sold in foreclosure
September 10, 1879, and reorganized under
Southei'n Pennsylvania Railway d Mining Company.—South Pennsyl
vania Junction to Richmond, Pa., 21 miles,-with a branch from Rich¬ present name. Rockville extension of the Evansville A Terre Haute
Railroad, Rockville to Terre Haute, is operated under lease. Leased by
mond to Ore Banks, 2 miles. Leased for 199 years from March 1, 1870,
Terre Haute A Indianapolis Railroad for 25 per cent of gross earnings,
to Cumberland Valley Railroad Company. Road originally organized
tinder the name of Southern Pennsylvania Iron & Railroad Company, and first mortgage bonds guaranteed by that company. Earnings and
(V. 29, p. 252, 277, 459,
but was sold by foreclosure of second mortgage December, 1872, and rental year ending October 3 -, 1880, $65,657.
564.)
reorganized under present name. Capital stock, $800,000.
Texas Central —Line of road from Ross, in McLennan Co., to Cisco, in
Southern Pacific of Neiv Mexico.—Road extends from Arizona State Eastland Co., Texaa,
143 miles. Gross earnings on an average of 70
Line to the Rio Grande at El Paso, Texas.
miles in 1880-81, $197,151; net, $127,091. C. A. Whitney, Pres. , N. O.
Southwest Pennsylvania— Greensburg, Pa., to Olyphant, P., 42 miles.
Texas d Lew Orleans <of 1874).—Houston, Tex., to Orange (Sabine
Opened April 1,1873, and leased to Pennsylvania Railroad, which oper¬ River), 108 miles. In August, 1881, this company acquired the La. A
ates it at cost, paying net earnings as rental.
In 1878 gross earnings Western from Vermillionville, La., to. Sabine River, Tex., 106 miles.
were $338,707, and net earnings $183,409.
Interest on bonds and 7 per This was a reorganization, 1874, of the old Texas A New Orleans RR.
cent dividends on stock were paid out of net earnings of 1879.
The stock is $3,000,000, and in July, 1881, this was reported sold to C.
Spuyten Duyvel d Port Mori'is — Road is 6 miles in length and connects P. Huntington, of the Southern Pacific, at 85. Gross earnings, 1880,
the New York Central & Hudson with the New York & Harlem. Leased $383,885; net, $176,138. John T. Terry. Pres., N. Y. (V. 33, p. 75,218.)
to New York Central November 1, 1871. Rental is 8 per cent on capital
Texas d Pacific.— From Marshall to Fort Worth, Tex./180 m.; Marshall
stock of $989,000. Operations are included in lessee’s returns.
to Shreveport) La., 40 111.; Marshall to Texarkana Junction, 69 in.;
State Line d Sullivan— Monroeton, Pa., to Berenice, Pa., 24 miles. Texarkana to Sherman, Texas, 155 miles; total old road 444 miles. Rio
Originally organized as Sullivan & Erie Coal A RR. Co., which was sold in Grande Division. Fort Worth to El Paso, 616 in., finished by Jan., 1882.
foreclosure Oct. 14,1874, and a new company formed December 2,1874, N. O. A Pac. consolidated therewith, Shreveport to N. O., 355 m. Total
under the present name.
Stock, $1,000,000 (par $50). The mortgage about 1,415 miles Jan., 1882.
covers 5,000 acres coal lands.
In 1878 gross earnings were $40,867,
The Texas A Pacific was built uuder act ot Congress of March 3, 1871,
and uet earnings, $29,673.
and other acts in 1872 to ’74, and the laws of Texas. This company suc¬
Staten Island.—Local road on Staten Island, Stapleton to Tottensville, ceeded to the right of the Memphis El Paso A Pacific Railroad and other
13 miles. Road was purchased by present owners in 1874, and is companies. By a contract made in January, 1880, with Pacific Railway
operated in connection with Staten Island Ferry Company. Capital Improvement Company, the road is extended to El Paso on the Rio
stock, $210,000. Earnings, 1879-80, $291,656; operating expenses, Grande, about 616 miles, to meet the Southern Pacific of California, at
$20,000 in bonds and $20,000 iu stock per mile of road. The control
$220,268: net, $71,388. Interest, $20,965; surplus, $50,423.
of the Texas Pacific stock was sold by Tlios. A. Scott to Jay Gould. The
Sterling Mountain (N. Y.)—Road runs from Sterling June, on the Erie Fidelity Ins. Trust & 8. D. Co. of Philadelphia are Trustees of the Rio
Ry. to Lakeville, about 8 miles. Bonds guar, by Sterling Iron & Rail¬ Grande Div. mortgage. The stock authorized is $50,000,000. A con¬
way Co. (V. 33, p. 359.)
solidation with New Orleans Pacific, share for share, was voted in May.
From the State of Texas the company had received 4,851,702
Stockton d Copperopolis.—Present company is a consolidation, made 1881.
November 17,1877, of jthe Stockton & Copperopolis and the Stocktou & acres of land, by building east of Fort Worth, on which the income
There wrere also 1,000 certificates for 640,000
Visalia. Line of road, Stockton to Oakdale, Cal., with a branch of 12 bonds arc a lien.
miles. Leased to Central Pacific Railroad Company for thirty years acres deposited in trust for certain foreign claimants. The railroad lands
from December 30, 1874. By the terms of the lease the lessee agrees to in Texas, however, do not lie adjacent to the line of the roads owning
pay principal and interest of the bonds. Capital stock, $234,500. The them. The land grant by acts of Congress wTere 20 sections per mile
*40
per mile
the Territories between Texas
company previously made default July, 1874, and the $1,000,000 of in California and Thesections Congress in regard to this road made con¬
old bonds were exchanged for the present issue guaranteed.
and California.
acts of
in
$1 075,248

Summit Branch (Pa.)—This company op erated the Lykens Valley
RR. till July, 1880, and it has a small branch of its own to Summit Mines,
\ of a mile. Traffic is almost exclusively coal. Gross receipts in 1880,

including coal, $1,028,469; net, $80,994; from Lykens Valley Coal Co.,
$48,907; total, $129,902; mterest)and taxes, $95,092; balance, $34,809.
-(V. 33, p. 125.)
r

Suspension Bridge d Eric Junction.—East Buffalo Junction to Niagara
Suspension Bridge, 2314 miles. Road opened January, 1871.

ails and

it is

leased to New York Lake Erie A Western Railroad Co. at 30 per

cent of gross
per annum.

receipts, which
Lessees

own

are

guaranteed to he not less than $105,000

all stock except

297 shares.

Syracuse Binghampton d New York.—Sept. 30, 1880, owned from

oeudes, N. Y., to Binghampton, N. Y., 81 miles.

Chartered

as

Syracuse

opened Oct. 23, 1854; foreclosed and reorganized
1857, and leased to Delaware Lackawanna A Western. In the
autl

’

[•eceipts were
on bonds,
,

-

-

Chenango d New York—Sept. 30, 1880, owned from Syra-

.7'1° Earlville, N. Y., 43^ miles. The Syracuse & Chenango
roa<l was K°bl in foreclosure and a new company organized
1873, under the name of Syracuse & Chenango Railroad,
Anrii i
,7.’ roa(l was again sold in foreclosure and present company
Mr T«zetl’ which also became embarrassed and passed into the hands of
J*
I11
*

orfrani

i

i

Belden, January, 1879,

as

Receiver.

January, 1880,

a Boston Syndicate. See V. 32, p. 101.
28, p. 44; V. 32, p. 101, 444; V. 33, p. 178.)
‘Vacu.se Geneva d Corning.—Sept. 30. 1880, ownod from Corning,
Gei,ievn> N- Y*. Brook
This road was opened Dee. 10,1877,
mwi iL i
ih leased to the Fall 57i4 miles.
Coal Company. Stock is $1,162,800. Iu

__,vroaa was reported sold to
(V.




Passenger

Freight (ton)

Miles
Mileage.
Mileage.
415
13,886,499
43,369,881
15,004,800
51,022,434
444
444
11,651,041
50,723,818
11,438.607
66,446,382
444
The income account was as follows:

Years.

538,329

1877-78,
$
708,133

557,867

658,049

1876-77.

$

Total net income
Disbursements—
Iuterest 011 debt

to lauds in

ending May

Gross
Net
Earnings. Earnings.
$2,043,453 $538,329
2,331,310
708,138
2,136,143
544,916
2,589,220 1,045,703
1879-80.

1878-79.

$

$
544,916

1,045,703

656,370

663,120
69,620

Sinking fund
def.19,538

Balance

sur.50,089 def.111,454 sur.312,963

248, 359. 673; V. 32, p. 123, 205,
445, 469, 526, 613, 628, 687; V. 33, p. 48,102, 117, 155, 178,

—(V. 31, p. 61, 96. 177, 205,

,

Vaiwt>
~

ditions as to time of construction, Ac.See full statement as
V. 31, p. 178.
Operations and earnings for four years past,
31, were as follows:

404.)

289, 412,
256, 336,

„T

St. Louis.—Narrow gauge road. Texarkana to Waco, 2o0
miles. Land grant is 10.240 acres for each mile of finished
The
on one section of 36 miles, where only 5,120 acres are received.
income bonds are a first mortgage 011 lauds and :i second on the road.
Lands in Texas are not on the line of road. The stock authorized is
Texas d

road, except

283, 544; V. 33, p. 102,
Trunk.—This road is projected from Dallas to Sabine Pass, Tex.,
about 300 miles, with a branch to Sabine River, 50 miles, has a land
grant of 10,240. acres for each mile built.
Bonds are issued ai rate
nf *1.1 non
iriilp nf ennmleted road.
(V. 33. 1). 202.)

$12,000,000.

ni'v

(V. 31,p. 321, 536, V. 32, p. 101,

RAILKOAD

liY
Subscribers will confer a

great flavor by giving

explanation of column
on

headings, Ac., see notes

first page of

tables.

84

1881

gold.
gold.

1881

Kokomo..

Troy dt Boston—Stock
1st mortgage, consolidated
Convertible bonds

Tyrone <& Clearft eld—Stock
Ulster <& Delaware—1st mortgage
2d mortgage income bonds

'

1874

180

Union Pacific—Stock
1st mortgage, gold, on road and equipment
2a mortgage currency (Government subsidy)
do
on road (2d on land), sinking fund..
3d
Land grant bonds on 10,514,789 acres
Omaha bridge bds, st’g, (s.f. about $65,000 yrly).

Collateral Trust bonds
Denver Pacific, 1st mortgage, gold, land grant...
Kans. Pac.,cons. M..,g.(for $30,000,000),cp.orrg.
do
1st M.. g, ep., on 140m. west Mo. Riv.
do c
1st mort., gold, 140th to 393d mile

Lf.S.Gov.) on 394m.W. Mo.R.
1st,394th to 639th in., l.g., 3,000,000 acs
2d M.(to

Br.)..

miles

1,000

1,000
500 Ac.
1,000

1,000

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

1878

60

1876
1875

1,825
1866-9

1,038

1,038 1866-9
1874
1,038
1867-9
1871
1879
106
1869
1879
1865
140
1866
253
394 1865-7
1869
245
1866
34
427 1 1866

$566,540

16,853,882

560,764
560,344

23,829,494
6,492,660
30,501,683
6,112,538
6,191,024
28,252,911
V. 30, p. 168.)

7
7

1%

J.
J.
M.
A.

6 g.
6
8
7
8 g.
6
7 g.

do
do
A J.
A J. U.S. Treas., at maturity.
A S. New York and Boston.
do
do
A O.

M.
M.
F.
J.

6 g.
6 g.
6 g.
6

1,037

5

Ogden to June. Central Pac..
Kansas City to Denver
Denver to Cheyenne

638

Leavenworth to Laurence....

34

Total owned
Controlled—

Omaha & Repub. Valley RR.
Omaha N. & Black Hills RR..
Colorado Central RR

106
1,820

133
81
178

1, 1896
July 1, 1916

1879

AND

ban*

1879.

^ £0|

1880.

1880.

$5,171,114
234,010
13,406,910
469,025
1,342,572
719,349
681,818

169,927

430,333

$18,040,266
8,368,836

Surplus earnincs
Expenses, ratio per cent

$22,455,134

$9,671,429
46-38

$11,910,015

INCOME ACCOUNT FOR

Receipts •
Net earnings...
$11,910,015

370,122

Dividends on stock
Interest on bonds
Prem. on bonds sold,
profits on inveStm’ts
...

640,030

284,249

sold, Ac...

10,545,119
46-96

bob

1880.

Disbursements.
To interest on bonds.. $5,174,473
Discount, interest, Ac
114,315
Sink, fund requirem’ts
434,000
Amount due the U. 8.
for the year...
...
1,779,811

3,045,738

Dividends, 6 per cent.
Balance forward

$13,204,416

Total

2,656,078

$13,204,416

Total

GENERAL BALANCE SHEET

DECEMBER

31, 1880.

Assets.

$73,500.

Miles

348

37

Carbondale Branch.

31

Junction City A Fort Kearney
Solomon RR
Salina & Southwestern

70

57
36

Road and

$154,743,629

equipment

Investments—
■Bonds and stocks of other companies
Bonds and stocks held by trustees consolidated
Bonds and stocks of this company

Kansas Pacific

assets—

_

4,533,807
1,850,372

1,877,299
117,304

bonds

$185,165,541
Liabilities.

$50,762,300
53,889,000

Railway, $39,095,624, less amount

by trustees consolidated mortgage,

United States subsidy bonds—
Union Pacific Railroad
Kansas Pacific Railway....
Interest accrued thereon
Less repaid
Bills payable

28
6

Railroad, the Kansas Pacific and Denver Pacific, made under authorit
of the acts of Congress of July 1, 1862 and July 2, 1864. New stoc
was issued for the old stock of the three companies, but their bonds
remained unchanged. (Sec*. Chronicle, V. 30, p. 118.)
The comnany,
under acts of Congress above-named, took a land grant of 12,800 acres
per mile, estimated at a total of 12,083,227 acres, and a subsidy in U. S
bonds of $27,236,512. The interest and principal of this loan is tc

*19,507,615
12,185,950
349,562.

...

mort—

28,734,114

$10,361,510
.

.

27,236,512
6,303,000
$26,056,256
\

by transportation

Coupons & div’s due Jan. 1, 1881

held

$2,334,277

13,922,281

12,133,975

-

1,982,874
388,744

Balance due connecting roads....
Audited bills, pay-rolls, &c
Less cash on hand and balances due.
Interest accrued, not yet due
Income account, surplus earnings

1,642,070—$6,347,967!-

Income used for

1,519,834

4,828,132

782,720

2,521,877
434,000
848,206

sinking funds..

Land income

252

334
119

Echo & Park City RR
27 Total controlled
1,972
Utah Southern RR
235 Tot. operated Dec. 31, 1880. 3,792
Since Dec. 31, has bought the Den. So. Park & Pac. RR., 212 miles.
This was a consolidation, January 24, 1880, of the Union Pacific




Jan

10,572,805
443,435
1,051,154
685,712
496,218

Union Pacific grant
Kansas Pacific grant
Material on hand.
Balance of interest on U. S.

St. Joseph & Western
Cen. Br. U. P. & leased roads.
Kansas Central
Denver & Boulder Valley
Golden Boulder & Car

do

384,142

Land Department

Marysville & Blue Val. RR...

Commerce.

$4,236,869

Total earnings
Operating expenses

269,621

Utah & Northern RR

May 1, 1899
May 1, 1919
Aug. 1, 1895
June 1, 1896

*

FOR

Miscellaneous

Railway.—December 31,1880, mileage was as follows

Branches—

*

Express

G. B. Roberts, President, Philadelphia, Pa.
Ulster <t Delaware.—Rondout (Hudson River), N. Y., to Stamford, N. Y:
74 miles. This was the Rondout A Oswego in 1876; reorganized May
28,1872, as New York Kingston A Syracuse, and again, after foreclosure
May 1,1875, as Ulster A Delaware. The stock is $1,152,100. In 1877-8
the gross earnings were $168,157; net earnings $31,658. Thos. Cornell
is President, P.ondout, N. Y.

Council Bluffs to Ogden

1887

one-half of Government earnings

Mail.

288,519

Miles.

Sept. 1, 1898

1895 to’97
Payable Lj by transportation.
A Frankf’t. May 1, 1899

extending from Hoosick Street
Bridge to Troy A Greenbush RR., 2*4 miles. Owned jointly by several
roads. Capital stock, $30,000. Bonds were issued by the City of Troy,
Total
and are guaranteed by the companies interested.
Tyrone <£ Clearfield—Runt Tyrone, Pa., to Curwensville, Pa., 44 miles; Capital stock
branches, 17 miles; total, 61 miles.
This company was organized Funded debt— Union Pacific Railroad
April 1,1867, after sale in foreclosure. Road completed in 1872. It

Union Pacific
Mainline—

do
do
do

M. A N. N. Y., Loud.
M. A N. N. Y., Bk of
do
M. A S.

6 g.
7
7

Freight—company

276,614
274,747

leased to the Pennsylvania Railroad in 1878; rental was

Commerce.

A N. N. Y., Bk. of
do
A N.
do
A A.
do
A D.

Freight—Government

Tt'oy Union.—A small road in Troy City,

was

1896 to 1899
1896 to 1899

April, 1898
!A. A O. London, L. A S. Fr. Bk.
July 1, 1908
J. A J. N. Y., Union Trust Co.

Passengers—Government
Freight—cash

$268,206

570,161

.......

Phila., 233 South 4th. Feb. 15,1881
1906
J. A J. Rondout, Co.’s Office.
July 1, 1905
do
do
F. A A.
Q.—J. New York and Boston. Oct. 1, 1881

3^

Passengers—cash

Div’d

593,896
•

.

,

....

1882
1903

do
do

do
do

EARNINGS AND EXPENSES

Earnings, p. ct.
,

J.
O.
A.
J.
S.
O.

Jan. 1, 1910
Jan. 1, 1910

N.Y., G. W. Ballou A Co April 1, 1910
April 1, 1910
N.Y., G. W. Bailou A Co July 1, 1910
New York and Loudon. July 1, 1921
Troy, Company’s Office. Feb. 2, 1880
1894
N. Y., Nat. B’k of Com.

balance sheet were as follows:

past were as follows
13,908,977

W. Ballou A Co

the sinking fund—the other half of the Govern¬
ment earnings; five per cent of net earnings, after deducting interest on
first mortgage bonds; so much of $850,000 as may be necessary to
make 25 per cent of net earnings. The annual report for 1880 was pub¬
lished in V. 32, p. 285. The earnings, expenses, income account and

t269,621;1880, was $328,931, against $380,648 in 1878-9.floating debt
interest, $188,368; rentals. $27,400. The Operations
ept. 30,
Net

A 0.

....

Applied directly to interest account,

mortgage bonds, $5,000 incomes and $5,000 stock.
(V. 32, p. 6, 579
Y. 33, p. 48. 433)
Toledo Delphos <£• Burlington — Road from Toledo to Kokomo, Ind., 181
miles; branch, Delphos to Dayton, O., and Shanesville branch, 99 miles.
Extension to St. Louis is in progress under name of Toledo Cincinnati &
St. Louis RR. John M. Corse, President, 14 Wall St., N. Y. (V. 31, p. 330,
653; V. 32, p. 6, 101,206,288, 313, 613; V. 33, p. 73, 126, 386, 442.)
Troy (6 Boston.—September 30, 1880, owned from Troy, N. Y., to Ver¬
mont State line, 35 miles; leased: Southern Vermont 6 miles; Troy &
Bennington, 5 miles; total operated, 46 miles. Net earnings in 1879-80,

Freight (ton)
Gross
Earnings.
Mileage

A J. N.Y., G.

A
A
A
A
A
A

1882
189®
1905
1921

1921

....

Second—To be placed in

(V. 32j p. 336.)
Toledo Cincinnati <£ St. Louis — This is the connecting line (narrow
gauge) of the Toledo Delphos & Burlington projected 250 miles to St.
Louis. For each $9,500 in cash, subscribers received $10,000 in 1st

Passenger
Mileage.
5,605,546
6,660,492

....

....

500,000
680,000
1,000,000
136,000
1,000
100 Ac.
1,342,600
100
61,000,000
27,229,000
1,000
27,236,512
1,000
13,861,000
6,071,000
1,000
£200
2,037,000
4,691,000
1,000
137,000
1,000
12,602,000
1,000
2,240,000
1,000
4,063,000
1,000
6,303,000
6,366,000
i,6'oo
292,000
1,000
50 Ac.
1.073,500

foreclosure suit was begun.

Miles.
Years.
53
1875-6....
53
1876-7....
53
1877-8....
46
1878-9....
46
1879-80
—(V. 28, p. 119;

N.Y., Bk. of N. America. May 1,
Nov. 1,
Oct. 1,
J. A J. N. Y„ Anthony, P. A 0. Jan. 1,
....

J.
6
6
A.
6
6
J.
6
6 g. A.
F.
2
J.
7
' M.
7
7
A.
6

650,000

York, 44 miles; branch,
leased, Elmira State Line

and earnings for five years

Dividend.

M. A N.

6 g.

1,384,000

Tioga.—September 30, 1880, owned from Amot, Pa., to State line New
Blossburg, Pa., to Moms’Rim, Pa., 4 miles;
Railroad, State line New York to N. C. Rail¬
way Junction, 7 miles; total, 55 miles. The stock is $580,900.
In
1879-80 gross earnings were $393,766 and not earnings, $103,448. F.
N. Drake, President, Corning, N. Y.
Toledo Ann Arbor <&. Grand Trunk.—A consolidation, Oct., 1880, of
Toledo A Ann Arbor and Toledo Ann A. & Northeastern railroads. Line
from Toledo to Pontiac, 84 miles, connecting with Grand Trunk of
Canada. In 1880, 46 miles finished, and whole line to be completed
Sept., 1881. Bonds offered in New York, June, 1881, at $15,000 per mile
by Anthony, Poor & Olipliant. Stock* $1,900,000. See Chronicle June
18, 1881, p. 651; Y. 33, p. 155.)
Toledo Canada Southern & Detroit—Toledo, Ohio, to Detroit (G.
T. Junction), Mich., 55 miles. Road opened September 1, 1873.
In
1879 gross earnings were $416,544; operating expenses, $461,498;
deficit, $44,954. The bonds were partly exchanged into Canada Southern
first mortgage bonds at 70 percent of face value. In March, 1881, a

Stocks—Last

Whom.

Payable

7
7
7
6 g.

250,000
(?)
1,609,000

100

53

pal,When Due.

Payable, and by

Where

When

Rate per
Cent.

$239,500
125,000
265,000
1,260,000
1,547,662
4,000,000
4,000,000
1,250,000
1,250,000
1,000,000
1,000,000

V

•

1880
1880
1880
1880
1880
1881

74

1st mort., coup., (Leavenworth
Income bds, coup., 3d M.on 427

•

50

53

guaranteed, Troy City.

Outstanding

1,000

28 i
181
181
95
95

35

bonds (for $1,000,000)

Amount

1,000

•

•

,.

2d M., income, non-cumulative, Tol. to
1st mort., Dayton Division
2d mort., Dayton Div., income, non-cumulative..
1st mortgage Toledo terminal trust “ A”
1st mort., gold, Southeastern Div

do
do
do
do

1852
1876

$....

54

54

Extension bonds
Toledo Ann Arbor <t Grand Trunk—1st mort.,
Toledo Canada Southern <t Detroit—Stock
Toledo Cincinnati <t St. Zorn's—1st mortgage,
Toledo Delphos <& Burlington—Stock
1st mortgage, Toledo to Kokomo

New mortgage

discovered In tbese Tables.
Bonds—Princt

Immediate notice of any error

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

Tioga RR — 1st mortgage
Consolidated mortgage

Troy Union—1st mortgage,

[Vol. XXXIII.

INTEREST OR DIVIDENDS.

DESCRIPTION.
i or

STOCKS AND BONDS.

Total
Bonds (par

value), $16,194,264 ; stocks,
l Bonds, $2,133,000; stocks, $2,875,000.

*

$17,608,011.

$185,165,541
W

$16,194,264

The securities held at close of the year 18S0, amounted to
bonds and $17,608,011 stocks, at. their par value, of
the balance sheet is $19,507,615. A complete list of these

lished in the Chronicle, V.

32, p.

which the cost m
was po¬
285. The land department reports tne

following for 1880:
Net proceeds, Union Pacific land grant 1880
at average of $4 £2 per acre)
Net proceeds Kansas Pacific land grant
at average price of $4 03 per acre ..!
Total
Net proceeds of other lands and lots

(176,201 acres)

1880 (100,382

.

^

.
.-

$669,34<>
acres),^
268,41-1

19,754

proceeds for the year
Deduct net proceeds for the month of January, 1880
109,3L£
Leaves net proc’ds sjnce-Feb. 1, when accts. were consolidat’d, Ntf
'
as per balance of ‘‘Land Income” acct., gcn’l balance sheet.i.$848,*w>
Total net

October,

RAILROAD

1881. J

Subscribers will

confer a great favor by giving
8

first page of

tables.

Pacific—(Continued )—
I’d bds,cp.orrg.,g.,on 2.000,0
(see remarks below)...
United N. J. Bit. db Canal Companies—Stock.
General mortgage, gold, coupon
...

TTnion
Kans. Pac.,lst
Coupon certificates

Of
Road.

3

.

....

,

do
do
dollar loan,
loan, reg

do
Joint Co.’s plain bonds
do
do

N. J.

do

,

do
mortgage

3d loan due State of N. J.

1876.

coupon
General mortgage (f >r

Value.

1870

$250&c.
100

1871
1871-

1,000
•

1871"

•

$1,950,000)

Utica db Black Hirer— Stock
Mortgage bonds
Black River & Morristown,

1st mortgage. —
1st mortgage
Utica Chenango it• Susquehanna Valley—Stock.
Utica Clinton db Binghamton—1st mortgage—
Talley (N. Y.)-Stock
Valley (Ohio)—Mortgage for $1,000,000
Talley (Va.)—1st mortgage bonds
Vermont d• Canada—Stock
Bonds, guaranteed by Ve:mont Central
Clayton & Theresa,

Mortgage bonds
Missisquoi Railroad bonds

t

1862
1868

•

m

m

m

m

•

•

•

•

•

•

•

-

•

•

•

•

•

.

.

1,000

348
62

1878
1879

1,000

1,000
1,000
100
....

100
....

....

73
73

.

1871
1879
1871

.

.

1875-960.

1,772,000
1,112,000
500,000
200,000

4,000,000
800,000

750,000

500 &c.
....

500 &C.

to 80 per
$850,000;
Colorado Central Railroad bonds, $2,526,000; Utah Northern Railroad,
about $3,480,000; total, $0,856,000. The collateral trust bonds area
direct obligation of the Union Pacific Company, and have as their security
the first mortgage bonds of the roads named pledged with the trustees.
The excess of interest collected on hypothecated bonds—say $22,000 per
year_forms a sinking fund to reduce the principal. An increase of
$10,237,700 in the capital stock was made in February, 1881, by issuin;

that amount to stockholders of record Feb. 1, at par.
The Kansas Pacific extended from Kansas City, Mo., to Denver, Col.,
<539 miles, with Leavenworth Branch, Lawrence to Leavenworth, 34
miles. It was organized as “ Leavenworth Pawnee & Western” in 1861,
then changed to “ Union Pacific, Eastern Division,” June 6, 1863, and to

Railroad acts of 1862
it subsidy of $6,303,000 and a
The lauds mortgaged were put in
the first to the 380th mile
westward, covered by the first and second land mortgages, and from sales
of these lands there are $1,095,679 land notes held. The 3,000,000
acres in the second grant, from the 380th mile westward, are covered
“Kansas Pacific” on March 3, 1869. The Pacific
and 1804 applied to this road, and gave
a
land grant or about 6,000,000 acres.
two trusts, 2,000,000 acres in the first, from

by the Denver Division mortgage.
‘The outstanding bonds of Kansas Pacific above are given less the
amounts of each class held by the trustees of the general mortgage. The
amount of $2,921,977 in coupon certificates is made up of $297,780
from Eastern Division bonds, $541,050 from Middle Division, $1,000,895
from Denver Extension, $46,000 from Leavenworth Branch and about
$5,000 from the land grant bonds.
The second land grant mortgage, with various other bonds, was taken
up with the general consolidated mortgage of May 1,1879, which covers
road and lands; the trustees ot that mortgage are Jay Gould and Russell
Sage, and they held in trust on Jan. 1, 1881, the following bonds ot the
Kansas Pacific, making $10,361,510 in all, viz.: Leavenworth Branch,
$308,000; first land grant, $1,426,750; second land grant, 1,486,000;
Income (unsubordinated) bonds. $165,400; income (subordinated) bonds,
$3,036,400; funding bonds, $1,500,000; Leavenworth Branch, coupon
certificates, $46,270; first land grant, Coupon certificates, $243,615;
•econd land grant, coupon certificates, $159,075; Denver Pacific bonds,
$1,990,000. They also held $2,875,800 of the stocks and $2,133,000 of
ihe bonds of other companies controlled by the Union Pacfic. In funding
Other bonds into the consol, mort., the old Kansas Pacific securities were
exchanged at par, except as follows; The “ funding mortgage ” bonds
received nothing for 5 over-due coupons; Leavenworth branch and un¬

stamped incomes at 50 per cent and nothing for over-due interest;
•tamped incomes at 30 per cent; second land grant at 50 per cent.

The interest on Denver Extension bonds (sevens due May 1, 1899)
was reduced to 6 per cent.
The Denver Pacific—Denver to Cheyenne, 106 miles—was built under
the charter of the Union Pacific, E. D. (Kansas Pacific), and opened

The Denver & Boulder Valley was opened under a 99
year lease from 1873. The company made default, and a receiver was
appointed April 4, 1878. The stock of $4,000,000 went into this consoli¬
dation January 24,1880, and the bonds are to be retired with the con¬
solidated mortgage of the Kansas Pacific. (V. 29, p. 67, 95, 196, 405,
434, 513, 657; V. 30, p. 17, 93,118, 163.169, 270, 345, 545; V. 31, p.
46, 68, 88, 154, 171, 196, 230, 347, 383. 511, 558; V. 32, p. 92, 123, 232,
285, 412, 600, 660, 687; V. 33, p. 12, 46, 93,126, 359.)
United New Jersey HR. db Canal Companies.—Lines of road. Now York
to Philadelphia and branches, 123 miles; Camden to Amboy and branches,
152*2 miles; Trenton to Manunka Chuuk and branches, 103 miles: total
operated, 379 miles. Delaware & Raritan Canal, 66 miles. The United
New Jersey Railroad & Canal Companies were leased in May, 1871, to the
Pennsylvania Railroad for 199 years, at a rental of 10 per cent on the
stock, besides interest on bonds. The smaller leased roads were taken
with their several contracts. The Belvidere Delaware was leased to the
Pennsylvania Railroad March 7, 1876, and since January 1, 1877, has
been operated as the Belvidere Division of United New Jersey Railroad
svstem. The net earnings are paid over to the lessors in full as rental.
The lease has not been profitable in cash receipts to the Pennsylvania

January 1,1871.

Men.

Oct.

do

do

0.
S.
8.
A.

Philadelphia.

S.

do

1901
1894
1894
1894

1,
1,
1,
1,

Mcli.
Mch.
Feb. 1,

London.
do

1888
Sept. 1, 1908
Feb. 1, 1883
Jan. 1, 1889
Nov. 1, 1889

J. & J. New York,195 Br’dway.
M. & N.
New York Office.

7
7
2
7
7
7
3
7
4

825,000

(?)
3,000,000
1,500,000
50,000
500,000

July 10,1881

Philadelphia, Office.

S.

Overdue.

(?)
1, 1890
.

Jan.

July 1, 1908
1904

(?)

1*2

1,500,000
1,125,000

500 &c.

1,000
....

1,500,000
1,000,000
2,000,000
4,176,000
900,000

1,000

&
&
&
&
&
&
&
&
&
A. &

Y., Lond. & Frankft. July 1, 1880

Phila. and N. Y. Offices.

Q.-J.
M.
A.
M.
M.
F.
M.
F.
J.
M.

Stocks—Last
Dividend.

A.
Philadelphia Office.
D.
Princeton, N. J.
N.
Philadelphia Office.
O. N. Y., B’k of Commerce.
N. Y., Kountze Bros.
Q.-J.
do
do
J. & J.

6

'100,000

•

& J. N.

J.

7
7

5,000,000

....

Payable

pal,When Due.

Payable, and by
Whom.

3
6 g.

866,000

1870

1871
1874

6 g.
6
6 g.
6 g.
6
6
6
6
6

Where

When

2*2

1,700,000

•

36*2

1871
1879

7 g.
6 & 7

$54,000
2,921,977
20,490,400
5,669,000
2,000,000
1,846,000
1,800,000
154,000

•

•

■

75
105
180
87
36
16
98
31
11

Rate per
Cent.

841,000

Of the Union Pacific collateral trust bonds, the issue is limited
«ent of the following bonds: Omaha & Republican Valley RR,

_

•

•

Amount

Outstanding

Bonds

•

....

or

Par

.....

:

Central—Stock
1st mortgage, gold
Utah it: Nevada—Stock
TJtah Northern.—1st mortgage
Utah db Pleasant Valley—1st mortgage, gold...
Utah Southern—Stock
1st mortgage,

Size,

1871
1871
1878

Utah
•

,, ,

....

consol, mort. (smit’g runa alter 1

RE- & T. Co.,

Date
of

379

•

i
do
do

Immediate notice of any error discovered In these Tables. Priucf
Bonds—
INTEREST OR DIVIDENDS.

DESCRIPTION.
on

lv

BONDS.

AND

STOCKS

J.

&
...

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

1. 1891
July 1, 1909
Sept. 30,1881
July

N. Y., Kountze Bros.
do
do
Utica.

J.

S.
J. N.Y., Nat.Bk.of Com’ce.
do
do
J.
do
do
J.
N. N. Y., D. L. & W. RR.
J. N. Y., Cent. Nat. Bank.

&
&
&
&
<fc
&

N. Y., D. L.

....

Julv. 1801
Jan. 1, 1894

May 1. 1881
1890

1881

&W.

-

|

4
8
5
7

&
&
A. <fc
J. &

Boston,Nat.Bk.of Redm

J.
O.

J. St. Albans, W. C.

1

l

by trustees for the

1, 1872
July 1, 1891
Juue

D. Boston, E. Blake & Co.

J.
J.

Oct., 1909
Jan.

Smith.

1, 1891

bondholders, and was foreclosed Nov. 3, 1880, and

651; V. 31,

this company organized with $2,000,000 stock.
(V. 30, p.
p. 154, 536; V. 32, p. 356.)
Utah Northern.—In progress from Ogden, Utah, north

into Idaho

Two hundred and seventy-five miles built March, 1880. The
road was sold in foreclosure March 28, 1878.
Transferred to present
company May 1,1878. Stock issued to December 31, 1880, $4,176,000.
The road is mainly owned and built by the Union Pacific. For the year
1880 the gross earnings were $1,016,060; net, $552,416.
(V. 33, p. 93,
Territory.

346.)

Utah db Pleasant Valley.—Line of road Provo, Utah, to Pleasant
ley. Utah, 60 miles. Road opened in 1879. Stock, $750,000. Bonds
in New York in 1880.
(V. 29, p. 539 ; V. 30, p. 163.

Val¬
sold

Utah Southern.—Dec. 1, 1880, owned from Salt Lake City to Juab
Utah, 105 miles. In 1880 a dividend of 6 per cent was paid on the
stock, $1,500,000. Gross earnings in 1879, $327,558 ; net, $177,041;
in 1880 gross, $394,885;. net, $217,577.
(V. 31, p. 429; Y. 32, p. 71,

356, 687.)

Utica db Black River— Sept. 30, 1880. owned from Utica, N.
Philadelphia, N. Y., 87 miles; leased lines to Morristown, N.

Y., to

Y., to

Ogdensburg, to Sackett’s Harbor and to Clayton, 93 miles in all; total
operated, 180 miles. The company has paid its rentals and moderate
dividends for a number of years.
The general account, September
30, 1880, was as follows, condensed:
Stock

$1,772,000
1,112,000

-

Bonds

.

55,225
288,682

Sundry accounts and balances
Surplus fund
Total
Road and equipment
Leased lines, stocks, bonds

$3,227,907
and advances'

Sundry accounts

$2,808,048
308,762
8 7,368

103,727— $3,227,907

Cash

Income Account:

Net income, all sources
Interest
Rentals
Dividend, 4 per cent

$77,840
70,218

.

1.

Balance, surplus

$326,822

70,832— 218,890
$107,931

180,750
Surplus, Sept. 30, 1880
$288,682
The surplus is chiefly represented by advances to leased lines. It was
deemed best to retain the cash part of it to meet emergencies, instead of
increasing dividend. The Ogdensburg extension is doing well, and
promises to be a good investment. Operations and earnings for five
Add surplus,

years

Sept. 30, 1871)

past were as follows:

Years.

Miles
170
170
170
180
180

Passenger
Mileage.

Freight (ton>
Mileage.

Gross

Net

Earnings. Earnings,

Div.
p.

ct

$481,673 $194,301
220,261
453,576
239,292
5,205,965
453.145
5,266,280
184,977
5,221,906
6,062,017
475,508
315,771
5,836,600
9,204,785
590.760
-(V. 28, p. 96; V. 29, p.536; V. 32, p. 205.)
Utica Ohcnango db Susquehanna Galley.—Sept. 30, 1880, owned from
Utica, N. Y., to Green, N. Y., 76 miles; branch to Richfield Springs, 22
miles; total, 98 miles. Road opened October, 1872. Leased to Delaware
Lackawanna & Western at 6 per cent on stock. Has no bonded debt.
Gross earnings, 1879-80, $544,616; net earnings, $261,873; dividend
5,792,703
5,336,245

5,150,374
5,065,167

.

payments, $240,000.

Utica, N.Y.
22,1872, and leased to
transferred to
the Delaware & Hudson Canal Co., which pays the rental of $75,000 per
annum.
The road is operated by the Delaware Lackawanna & Western.
Gross earnings in 1879-80, $82,553; net earnings, $30,727.
Capital
Railroad, and the net loss in 1879 was $939,889, and in 1880 $1,035,- stock, $636,285. O. S. Williams, President, Clinton, N. Y.
308; but the connection with New York was indispensable to tlie Penn¬
Valley (N. T.) Railroad.—Sept. 30, 1880, owned from Binghamton,
sylvania Railroad, and it is only a question whether it might not have N. Y., to State line of Pennsylvania. 12 miles. Opened October, 1871.
been secured at much less cost. Operations and earnings for live year’s Leased to Delaware Lackawanna & Western. Gross earnings in 1879-80,
past (including the canal) were as follows:
$284,641; net earnings, $167,121.* Dividends paid, 60,000. Mosea
Passenger Freight (ton)
Net
Gross
Div Taylor, President. New York City. (V. 32, p. 92.)
Years. Miles.

Mileage.
302,188,535

Mileage.

Earnings.

Earnings, p. ct.

Utica Clinton d• Binghamton.—Sept. 30, 1880, owned from
to Smith’s Valley, N. Y., 31 miles. Opened June
New York & Oswego Midland Railroad.^ The lease was

Valley (Ohio).-(V. 33, p. 247.)
Valley (Va.')—(V. 32, p. 687; V. 33, p. 178.)
Vermont db Canada.—Essex Junction, Vt., to Rouse s Point, Vt.. 47
•
miles; branches—Essex, Vt., to Burlington, Vt., 8 miles; Swanten, Vt.,
to Canada line, 10 miles: total, 65 miles. This road has been mixed up
inextricably with the Vermont Central, hy which it was leased and
erated, and the bonds of 1871 were guaranteed by the Vermont
ntral.
In 1879 the stockholders voted an issue of $500,000 new
bonds to take up those guaranteed bonds.
No satisfactory reports
Merest, $62,290; dividends on stock, $180,000. (V. 32, p. 687.)
have been issued. In December, 1880, the Court decided in favor of th®
y'tah (£ Nevada—Salt Lake City, U. T., to Stookton, U. T., 40 miles. priority of this company’s bonds.
Bradley Barlow, President, St.
Abe Utah Western made default January 1, 1878, and the road was hem
Albans, Vt. (V. 29, p. 452; V. 31, p. 484, 653.)

$5,074,017

10
10
143,132,968 256,134,099
8,960,697
2,694,480
373
139,245,413 255,027,095
8,398,534
2,895,592
10
373 146,914,158 332,298,977
9,784,843
3,283,981
10
10
171,055,377 381,885,409 11,544,681
3,329.473
Utah Central.—From Ogden, Utah, to Salt Lake City, Utah, 36*2 miles,
tortile year ending April 30,1879, gross earnings were $392,524; operaexpenses (43-01 per cent), $168,798; net earnings, $223,725;

..7781
..8781
..9781
..0881

293
373




190,635,678 $11,824,133

Subscribers will confer a great

favor by giving

explanation of column headings, &c., see notes
on

first page

of tables.

Vermont Central— 1st mortgage,
2d mortgage, consolidated..'

Miles
of

do
do

59

77

Amount

Outstanding

(not endorsed)

1,508,600
3,050,000
550,000
150.000
800,000

1,000
1,000

1866
1871

100 Ace.
100 Ace.
100

....

850,000
145,000

1,180,600
217,400
800,000

1,500,000
2,500,000
600,000
1,900.000
1,100.000
950,000

....

....

—

1881
1881
1881
1881
1881

series
series
4tli series
5th series
0th series

2d

3d

Virginia & Truckee—Htook (for

1,775,000
1,310,000
(?)
800,000
22,909,700

1881
52
52

$0,000,000).

bonds
Vabash St. L,ouis <£ Pacific—Stoek, common
Preferred stock, 7 per cent, (not cuumulative)
General mortgage, gold (for $50,000,000) ..
1st mort. bonds on Champaign Hav. & West
1st mort. bonds on Chicago Ac Strawn
1st mortgage

Wabash, 1st mort. (Toledo & Illinois)
do
1st mort. (hake Erie, Wab. Ac St. L
(Quincy Ac Toledo)
(Illinois Ac Southern Ic
2d mortgage (Toledo Ac Wabash).

1st mort.
1st mort.

1874

1*000
100
100

2,404
..

1.000
1,000

75

issa

1,000

1853
1863
1865
1862

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

1853

250 Ace.

in the

•

G
5 Ac 6
3-4-5
5
4 Ac 5

•

•

500,000
300,000
1,000,000

.

Boston,Nat.Bk of Redm

NOTi819118M
1876 to

do
do

do
do

St. Albans, Treasurer.

•

•

•

J. Vicksb’g, Miss., Treas’r.
do'
do
J.
J.
O.
J.

do

do
do
do

do
do

Ac
Ac
Ac
Ac
Ac
A:

-Jan. 1, 1890
Jan.
1, 1890

Jan. 1, 1890
Jan. 1, 1890

1880

*:

S.
S.
S.
S.
S.
S.

Baltimore.
do
do
do
do
do
San Fran., Bank
•

•

•••

of Cal.

1, "iso
1, i91
l, i91
1, 192
Mar. 1, 192
Mar. 1, 193

Mar.
Mar.
Mar.
Mar.

Aug. 1, 18$

«•••'

N. Y., Co.’s Agency.
do
do
D.
I). N.Y., Nat. Bk of Repub.
J. N. Y., Metropolitan B’k.
do
do
A.
do
do
A.
do
do
A.
do
do
N.
do
do
A.
N.
do
do

Q.-F.

J. Ac
J. Ac
J. ,Ac
F. Ac
F. Ac
F. Ac
M. Ac
F. Ac
M. Ac

Jani9V887
Ju{y 1,’ 1883
July 1. 1885

»

....

M.
M.
M.
M.
M.
M.

1889

1920

.

M’nthly
Q.-F.

1

6 g.
6
5
7
7
7
7
7
7

2,496,000

.

Ac
Ac
Ac
Ac
Ac

....

6

Stocks—T^at*
dividend.

Whom.

Ac N. Bost., N.Bk. of Redemp.
Boston, Office.
Ac O.
Ac J. Boston, Fitchburg RR.
do
do
Ac J.
-

1*2

1,600,0003
4,500,000
900,000
2,500.000

1,000

Vermont Central Or Central Vermont).—Windsor, Vt., to Rouse’s Point,
Vt., 158 miles; branches and leased lines, 273 miles, included
re¬
turns of the Vermont Central Company.
Other leased line, New Lon¬
don Ac Northern, 100 miles. This company has been through more com¬

.«

Ac D.
Ac N.
Ac J.

J.
J.
J.
A.
I.

12,500,000

IS 8*0
1880
1880

167
180
33
29
75

•

Ac N.

J.

22,615,100

All.
131
262

.|

1876-9

703,500

Payable, and by

Where

When

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

7
7
8
7
8
3
6
7
5
7
7
7
7
8

444,100

Ace.

1866
1866

Cent.

1,500,000
1,500,000

1,000

500*

Rate per

$3,000,000

100
100 Ace.

140
140
140

—

Bonds, 1st series.

do

Par
Value.

1866

2d

do
do
do

Size, or

UO

Special loan, funding mortgage

do
do
do
do
do

1865
1872
1880

(black endorsed)

lstpref. stoek
pref. stoek

discovered in these Tables,

immediate notice of any error

1866 $100 Ace.
100 Ace.
1866
1866-9 500 Ace.
100 Ace.
1.867
1872
1,000

consolidated

Vermont <£■ Massachusetts—Stock
1st mortgage (sinking fuud $7,000 per year)
Convertible bonds
Vermont Valley of ’71—1st mortgage
Vicksburg d- Meridian—1st series (red endorsed)
2d series (blue endorsed)

Date
of

Road. Bonds

Equipment loans
Btanstead, S. & Chambly bonds
Income and extension bonds (to pay iioat’g debt).

3d
4th

[VOL. XXXIII.

INTEREST OR DIVIDENDS.

DESCRIPTION.
Fo

BONDS.

RAILROAD STOCKS AND

lvi

Nov.

1*5,18S

Junel, 195
Dec., 1910
July 1, 19]
Aug. 1, 18(
Aug. 1, 18(
Aug., 188!
Nov. 1, 18{
Aug. 1, 18$
May 1. 18<

andria Ac Manassas was a consolidation (June 1, 1867) of the Orange <fe
Alexandria and the Manassas Gap.
The Washington City Virginia Mid¬
land & Great Southern was put into the hands of a receiver July 1,
1876, interest being m default, and was sold in foreclosure May
and after litigation sold again Dec. 20, 1880.
Reorganized as Vir¬

13,1880]

plicated and vexatious litigation than any railroad in New England. ginia Midland, and bonds and stock issued as above.
Poor's Railroad Manual of 1870 gives the following account of it:
The Baltimore Ac Ohio had large claims against the company for
“This company (Central Vermont) was chartered under its present title,
November 2, 1872.
The Vermont Central Railroad Company was coupons, and after reorganization that company and the Garretts
sold their large interest, amounting to $3,000,000 in stock, to the Rich¬
chartered October 31, 1843, and the road opened to Burlington mond & Danville
Syndicate. The plan of reorganization which was
December 31, 1840.
August 24, 1840, it leased the Vermont Ac
agreed to will be found in the June. 1881, Supplement under Washing¬
Canada Railroad, t Jen under construction, agreeing to pay an annual ton
City Virginia Midland At Great Southern.
rental of 8 per eeit on its cost, and creating a mortgage on their own
Of the above bonds, the first series is a first lien between Alexandria
road as security for such payment. This lease has been the subject of
ami Gordonsville, including lease of Charlottesville At Rapidan Railroad
almost continual litigation since 1854. The Vermont Central Railroad
and the Warrenton Branch; the second series is a second lien between
Company having defaulted on its interest and rental, the trustees under Alexandria and Gordons ville, including Warrenton Branch and lease of
the lease took possession of the road June 28, 1852, and it has ever
Rapidan
a first
between Charlottesville
since been operated by them under direction of the court.
On the first Chailottesville At the thirdRR., and a third lien between Alexandria and
and Lynchburg;
series is
lien
of January, 1871, a lease was taken of the Rutland Railroad and its
Gordonsville, including Warrenton Branch and lease of Charlottesville
leased line, the Addison Railroad, the lessees agreeing to pay $376,000
At Rapidan RR., and a second lien between Charlottesville and Lynch¬
per year, and in ad lition $40,500 a year for four years; $67,500 for two
burg; tin* fourth series is a fourth lien between Alexandria and Gordons¬
years; $81,000 per year for six years, and $94,500 per year thereafter
ville, including Warrenton Branch and lease of Charlottesville At Rapidan
This contract was modified February 25, 1876, as hereafter stated. In
RR., and a third lien between Charlottesville and Lynchburg; the fifth
September, 1861, a lease was also taken of the Sullivan County Rail¬ series is a first lien between Manassas Junction and Harrissonlmrg, in¬
road of New Hampshire, at an annual rental of $25,000, but subse¬
cluding Front Royal Branch and lease of road from Strasburgto Harrisquently modified so that the rental depends on earnings. About 1867 souburgto the B. At O. RR., and a fifth lien between Alexandria and
the managers of the Vermont Central Railroad purchased the Stanstead
Gordonsville, including Warrenton Branch and lease of Charlottesville
Shetford A: Chambly Railroad, extending from St. Johns, P. Q., 43 miles,
At Rapidan RR., and a fourth lien between Charlottesville and Lynch¬
to Waterloo., P. Q., laying therefor $500,000 in bonds. They also took a
lease of the Missisquoi Railroad. The road from Canada Line to St. burg ; the sixth series is a first lien between Lynchburg and Danville,
Johns is also operated by this company, and is practically a portion of including Pittsville Branch and lease of Franklin Ac Pittsylvania RR.,
and a sixth lien on lease of Charlottesville Ac RapidanRR.
it, though chartered by the Provincial Parliament under the title of Mon¬
Earnings for four years were as follows :
treal Ac Vermont Junction Railroad Co. The Vermont & Canada Rail¬
Miles.
Gross earnings. Operat’g exn’ses. Net earn’gs.
road extends from Essex Junction to Rouse's Point, with branches from
$678,595
$347,590
359
$1,026,185
Essex to Burlington, and from Swanton to Canada line, in all 65 miles.
701,490
223,553
925,044
310
The 47 miles from Essex Junction to Rouse’s Point are included in the
607,655
347,081
954,737
318
mileage of the Central Vermont RR.” The road is managed by a board
667,802
579,773
1,247,576
1880
354
of trustees appointed by the Chancery Court of Vermont. J. Gregory
Smith is President. In the two years, 1876-78, the gross earnings were -(V. 30, p. 193, 289, 345, 520; V. 31, p 306, 430, 673; V. 32, p. 6,71,
$4,076,702, and net earnings, $1,461,139. The foreclosure suit has been 92; V. 33, p. 256, 275.)
pending a long time on the second mortgage. (V. 31, p. 484, 653.)
Virginia d• Truckee.—Reno, Nev., to Virginia, Nev., 52 miles; branch
Vermont d- Massachusetts.—Line of road, Fitchburg to Greenfield, line, Silver Junction to Silver City, 2 .miles; total, 54 miles. Road
Mass., 56 miles; branch, 3 miles; Vermont division from Miller’s Falls, opened November, 1869. The bonds are payable $100,000 per year at
Mass., to Brattleboro, 21 miles; total, 80 miles. The road is leased to the option of company". Gross earnings in 1880 were $1,124,300; net,
Fitchburg RR. for 999 years at 6 per cent. The Vermont section is $449,746; dividend payments, $180,000; per cent not stated. D. 0.
operated under lease for fifteen years from December 1, 1870, by the Mills, President, San Francisco. (V. 32, p. 687.)
New London Northern Railroad; lease rental, $48,000 in 1880 and
Wabash SI. Louis <£ Pacific.—A consolidation of the Wabash Railway
$54,000 per year afterwards. But in May, 1880, it was sold to New with the St. Louis Kansas City Ac Northern, November 1,1879. A full
London Northern. (V. 30, p. 600,)
statement as to the consolidation was published in the Chronicle of
Vermont Valley of ’71.—March 31, 1881, owned from Bellows Falls to January 31, 1880 (,V. 30, p. 118).
Dec. 31, 1880 mileage was as follows
Brattleboro, Vt., 24 miles, and by purchase of stock the Sullivan County
Miles.
Main line—
Miles.
Railroad from Bellows Falls to Windsor, Vt., 26 miles; total, 50 miles.
26
The Sullivan County road was not operated till June, 1881. Net earn¬ Toledo, O., to Kansas City, Mo. 711 Centreville to Albia
Branches—
Maysville to Pittsfield, Ill....
»
ings of both roads year ending March 31, 1881, was $107,007.
Decatur to Quincy, Ill
151
Vicksburg <£• Meridian— Line of road—Vicksburg to Meridian, Miss. Bluffs to
1»919
50 Total owned
Hannibal.
The company has been unable to earn full interest, but has paid so far as
Lines leased—
36
Clayton, Ill., to Keokuk, la...
earned. It has a land-grant of about 400,000 acres, of whiclrabout
10 Chicago to Altamont, Ill
214
'200,000 have been certified, and about 40,000 acres sold. Reorganiza¬ Edwardsv., III., to E. Cross’g
11
Streator, Ill., to Streator Juno. 41
9
tion is in progress (V. 32, p. 71), under which will be issued a 1st mort- Ferguson, Mo., to St. Louis...
15 Shumway to Effingham, Ill...
Salisbury, Mo.,to Glasgow,Mo
105
Brunswick, Mo.,to Council Bl. 224 Quincy, Mo., to Milan, Mo....
93
1,918,000.
Gross earnings. Net earnings.
Moberly, Mo., to Ottumwa, la. 131 Logansp’t, Ind., to Butler,Ind. 22
22 Centralia to Columbia, Mo....
76
1876-7...
$411,685
$105,829 Roseberry.Mo. ,to Clarinda,Ia. 100 St.
Joseph to N. Lexington,Mo
1877-8
123,364 Urbana, Ill., to Havana, Ill...
430,428
31
1878-9
329,175
70,314 White Heath to Decatur, Ill..
Total
560
1879-80
424,389
129,386 State L.,Iud.,to Burlington,la. 215 Total leased
32
operated, Dec. 31,1880.2,479
La Harpe, III., to Warsaw
BALANCE SHEET OF GENERAL LEDGER, FEB. 29, 1880.
Keokuk, la., to Van Wert
148
.
Cr.
Dr
Of this, 1,176 miles are on the Eastern Division, 882 miles on the
Capital stoek..
$357,407 Western Division and 421 miles on the Peoria Division.
Road and equipment.. .$3,046,563
1,042,517
88,542 Preferred stock
Extension to Miss. Riv.
In
3,135,525 PeruJuly, 1881, the Peoria Pekin Ac Jacksonville, 83 miles, the Indianap.
Miss. Riv. lauding front
50,100 Funded debt
Ac Chicago, 161
and the Springfield Ac Northwestern, 4/
Bills payable
41,449 miles, were reported as miles, this company. Butler Ac Detroit line was
Extension tonnage dues
60,009
sold to
834
38,185 I Land scrip
Bills receivable.
opened July 6. On Sept. 28, 1881, the stockholders confirmed the prt
1,294,330
Profit and loss
chase of Cairo Ac Vincennes railroad, the Danville Ac Southwestern, ana
Tota$4,577,732 the St. Louis
Bridge, and the total mileage, Oct., 1881, was reported*ai
Total
$4,577,732
3,257. (See V. 33, p. 126.)
. „ .f
—(V. 30, p. 543 ; V. 32, p. 71, 611, 660; V. 33, p. 75, 125.)
The President’s report in February, 1881, said: “An extensionih
our Eel River line, from Butler to Detroit, will be completed earn
Virginia Midland.—February. 1881, owned from Alexandria to
Gordonsville. 88 miles; Warrenton Branch, 9 miles; Charlottesville to in the spring [opened July 6, 1881,] which will bring our road to wh*
our
Lynchburg, 60 miles; Lynchburg to Danville, 66 miles; Pittsville important point, where, by a favorable traffic arrangement,of lincwu
that rou
Branch, 9 miles; Manassas Junction to Harrisonburg, 114 miles (of connect with the Great Western of Canada, and by way
with Buffalo aud the East. An extension of the Peoria Division via in
which 49 miles leased to Balt. Ac Ohio); Front Royal Branch, 1 mile;
total owned, 347 miles. Leased, Orange C. II. to Charlottesville, 28 Missouri Iowa Ac Nebraska through Southern Iowa, reaches Huinesw >
from which point the road is in process of construction, jointly witni
miles; Pittsville to Rocky Mt., 30 miles; total leased, 58 miles. Total
owned and leased, 405 miles. The Washington City Va. Midland & (it. Chicago Burlington Ac Quincy, due west to a point of junction wltni
8onthem was a consolidation (Nov., 1872) of the Orange Alexandria Omaha Division, thus opening almost an air-line from Toledo ana %
& Manassas and Lynch’g A: Danville railroads.
The Orange Alex¬ troit to Council Bluffs and Omaha, connecting with the Union racin •
*

_.

§age for $1,000,000; 2d mortgage,




.

$1,100,000; 3d mortgage income,

RAILROAD

1831. J

October,

STOCKS

AND

BONDS

Subscribers will confer a great favor by giving immediate notice of
description.
For exp

on

column headings,
flrst page Gf tables.

Ac.,

Miles
Date
of
of
Road. Bonds.

see notes

Wabash St. Louis d Pacific-!Continued.) Wabash, 2d mortgage (Wabash A Western)
^

167
180
490
109

2d mortgage (Great West, of 1859)
Consol. M., (on all but Dec. & E St.L.)..
1st mort., (Decatur AE. St. Louis)
Funded debt nds (sec,by deposit of coups.)

ho
U

do
do
do
do
do

Mort., gold. sink.
Seney mortgage

•

fd. $25,000fafter ’82..

146
22
237

Toledo Peoria A West,, 1st mortgage
do
1st pref. income, eonv., int. guar..
do
2d pref. income bonds
Quincy Mo. A Pacific, 1st mort., gold (int. guar.).
Ware

....

....

102
83
49
18
18
18

& Jacksonville, 1st mortgage

River—Stock (guaranteed)

Warren (V./.)—Stock
2d mortgage

1st consol, mortgage
Wasatch £ Jordan Valley-Qo\Ci bonds
Washington City d PI. Lookout—1st M. bonds, gold
Westchester d Philadeljihia—Preferred stock

Consolidated mortgage

1*000
1,000

1874

6,000,000

1,000

1878
1879

1.000

3,000,000
1,388,500
2,350,000
264,000

1879
1880
1880
1880
1879
1864

500 Ae
....

1,000

1,000
1,000
1,000

1,000
....

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

k

....

46
44
160
138

.

•

....

....

1861
1866
1869
1879
1880
1868
1870
1873

128

•

....

1871

60
38
63

:

1879
1877
1879
1865

1,000

....

128

West Jersey & Atlantic—1st mortgage
Western (Ala.)—Western RR. bonds, before consol..
2d mort.. guar, by Cent, of Ga. and Ga. RR. A B. Co.
Western <& A tlantic (C,a)—Income bonds

$1,500,000

1873

27

loan
consolidated

$100Ac.

....

12

Jersey—Stock
guaranteed by Camden A Amboy..

Loan of 1883,
1st mortgage
1st
do

1858
1865
1867
1869
1877

1,000
1,000

1,000

500 Ac.

“The

2,610.000
2,700,000

2,940,357
1,400,000
011,000
500,000

4,500,000

2,900,000
1,000,000
925,000
1,000,000
750,000
1,800,000
750,000
600,000
884,000

187-9

1,000
....

2,500,000

510,000

100 Ac.
50
500 Ac.
500 Ac.
500 Ac.
500 Ac.

discovered in tliese Tables.

any error

INTEREST OR DIVIDENDS.

Amount

Outstanding

1855
1870
1875

....

or

Par
Value.

....

....

1st mortgage, new

West

•

600
50
354
354

Hannibal & Naples 1st mortgage
.. .
8t L.K. C. ANo., 1st mort. (NorthMissouri)
do
real estate & railway 2d mort

Peoria Pekin

•

•

....

Size,

lvii

821,300
1,100,000
1,359,750
313,500
1,000,000
1,000,000
341,500
500,000
600,000
1,158,000
690,000

Rate pei‘
Cent.

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

7
4

When

Where Payable, and by
Whom.
Payable

Rond*—Princi¬
pal,When Due.
Stocks—Last
Dividend.

M. A N. N. Y., Metropolitan Bk.
May 1, 1878
M. A N.
do
do
May 1, 189^do
do
Q.-F.
Feb., 1907
F. A A.
do
do
Aug., 1889
F. A A.
do
do
Feb. 1, 1907
A. A 0.
do
do
April 1, 1909
J. A J.
do
do
Jan., ’81 A ’82
J. A D.
do
do
June 1, 1909
J. A J. N.Y., Nat Bk of Com’ree
July 1, 1895
M. A S.
do
do
Sept. 1. 1895
A. A O.
do
do
1903-1908
A. A O.
do
do
April 1. 1919
F. A A.
do
do
Aug. 1, 1919
do
do
Oct. 1, 1917

....

<»

g-

7

312
312
7
7
7
6
‘>

7
4
6
6
7
6
6

8
8
10

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

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

J. N.Y.,Metropolit’n N. Bk
J. N. Y., Imp. A Trad. B’k.
J. Boston, Bost.A Alb. RR.

Oct. 1, 1909
July 1, 1894
July 6, 1881

0. N.Y., Del., L. A W. RR.
April, 1881
0.
do
do
April 1, 1900
S.
do
do
March 1, 1905
N.
N. Y., Kountze Bros.
D. Baltimore, Balt. A O.RR.
1903
J.
Philadelphia, Ofliee.
July 10, 1380
0. Phila., Farm.A Mech.Bk
April 1, 1891
A. Phila.. Pa.RK.Co. Office Oct.
15, 1881
S.
do ’
do
Mch., 1883
J.
do
do
Jan., 1896
O.
do
do
Oct., 1899
N.
do
do
Nov., 1909
S. Phila., Fidelity' I. T. Co. Sept. 1, 1910
O. New York A Savannah.
Oct, 1. 1338
O.
do
do
Oct. 1. 1890
Q-J.
Oct. ’79 to ’91
Atlanta, Co.’s Office.

Quincy Missouri & Pac. Road is under construction from mortgage may bo foreclosed after six months’ default of interest, if a
Trenton.” x * * “The company has also acquired a pro¬ majority in value of all the bondholders so request the trustees. Of the
prietary interest in a line of barges between St. Louis and New Orleans. old Wabash funded debt bonds, $1,958,355 carry 5 per cent in 1879-80
This arrangement, which will enable our company to forward grain from and 6 per cent thereafter; the balance are 7 per cents. First mort. on St.
both divisions of its lines to St. Louis as a shipping point to Europe via Charles
Bridge is for $1,000,000, and is 7 per cent for 3 years and 8 for
the Mississippi River and New Orleans, has already proved of signal 27
years, and may be paid ofi'on six months’ notice. Sec Y. 30, p. 249.
The Toledo Peoria A War.
advantage, and must add largely to our transportation facilities.”
company
Dee., 1873, and was
Preferred stock has a prior right to 7 per cent (noil-cumulative); then operated by a Receiver until sold in made defaulton Jan.
foreclosure
20, 1880. It
common to 7; then both share in any surplus.
was purchased by a committee of bondholders for
$6,000,000, and re¬
The annual report for 1880 was published in the Chronicle, V. 32, p. organized as Toledo Peoria A Western. This
company made a lease for
310. An abstract is as follows:
the term of its
*

*

*

Milan to

FREIGHT AND PASSENGER TRAFFIC.

1880.

*1879.

Number of tons hauled
4,533,187
3,505,391
Number of tons hauled one mile
1,105,783,399
792,422,732
00*724 cts.
00*862 cts.
Average rate per ton per mile
Number of passengers carried
1,992,763
1,421,059
No. of passengers carried one mile..
97,774,576
80,329,169
02*514 cts.
Average rate per passenger per mile
02-398 cts.
*
The statistics for 1879 are for the Wabash and St. Louis Kansas City
& Northern railways proper, no figures for 1879 of lines acquired in
1880 having been ascertained.
COMPARATIVE STATEMENT OF EARNINGS.

1879.*

Freight
Passenger

Mails

1880.

$6,476,275
2,168,349

1

$9,532,334
2,344,451
221,076

216,207
170,918

Express

92,387

286,430
43,818

$9,124,139

$12,428,111

Miscellaneous

Operating

expenses
Operation cost
Average number of miles

$

t

$7,787,348

68*09

operated

62*65

1,655

1,942

$5,512

$6,398

The earnings for the year ending Dec. 31, 1880, were
Add received for rent of tracks, &c

$12,428,111

Average earnings per mile
*

Includes the earnings for tbe corresponding periods of 1879 of lines
operated in that year acquired in 1880.
t The operating expenses for ’79 of lines acquired
in ’80 not ascertained.
INCOME ACCOUNT.

The

operating expenses

were

33,601

$12,461,713

(62 per cent)

7,787,348

Net

Appropriated

Interest
Rentals

Taxes, rent of

as

$-1,674,364

follows:

cars

$2,657,359
483,255

and miscellaneous

Leaving surplus for

>.,

514,568—$3,655,184

the year over fixed charges

The rentals of the Western Division

on

$1,019,180

leased roads include 7 per cent

7

on $357,000 St.
Louis & St. Joseph; and 7 percent
Bridge and the Union Depot, St. Louis, $715,000.

CONDENSED BALANCE SHEET DEC.

on

31, 1880.

Dr.
Cost of road,
equipment, Ac..
Sundry securities on hand
Supplies on hand
Barney & Smith Manufacturing Co., cost of cars
Expenditures for construction and equipment *

Common stock

Preferred

$33,923,952

kSoiir
146,-oO
2,9/0.278

$88,200,475

Cr.
1

$21,614,500

stock

Total capital stock

Bonded debt

Kansas City

20,453,000
^

-

-

-

Ribs, payable

Balances, consisting

of audited vouchers, interest accrued
but not due,
taxes, &c
Income account since Jan. 1, 1880
—-

$42,067,500
42,094,8oS
336,702

2,682,233
1,019,ISO

$88,200,475
Gen’l mort. bonds have since been sold to
provide for this expenditure.
stock of tbe new
company was issued for preferred stock of
the St. Louis
Kansas City & Northern, and for one-half of Wabash
stock;
common stock of new
companv was issued for the St. Louis Kansas City
h Northern
common and
*

Preferred

for one-half of Wabash stock.

The Trustees of
the general
and James mortgage for $50,000,000 tire the Central Trust Co. of N. Y.
bnnds as Cheney of Indiana. It provides for taking up all the old
they mature, or by exchange at anytime the holders otrer
them, and reserves
np are not canceled$33,000,000 for that purpose; and the bonds so taken
but remain in the hands of the trustees as the
prop¬
erty of the trust. Then

$6,000,000 are assigned for equipment and per¬
and the balance of $11,000,000 for the acquisi¬
roads, Ac*. All the roads owned and all the right and title to
toads leased and
controlled are covered by the mortgage deed. The

manent improvements,
tion of
new




charter to the Wabash St. Louis. A Pacific

on

terms

as

follows, viz.: That the Wabash Pacific guarantee 7 per cent oil the
$4,500,000 first mortgage bonds of the Toledo Peoria A Western.
The $2,900,000 income bonds to be guaranteed
at 4
per cent
and to be convertible at par for Wabash St. Louis A Pacific
preferred
stock. The $1,000,000 second preferred income bonds are also convert¬
ible into Wabash preferred stock, share for share. The stock of the

Toledo Peoria A Warsaw was scaled 25 per cent
common, 30 per cent
second preferred and 50 per cent first preferred, each shareholder
receiving this amount in new stock of the Toledo Peoria A Western
stock. The Toledo Peoria A Western stock
($3,000,090) is changed into
Wabash common stock, three shares for one.
(V. 30, p.

118, 170, 249.
264, 358, 409. 434. 494. 520, 568 ; V. 31, p. 61, 70, 124, 154, 171, 216.
229, 230, 240, 259, 304, 330, 381, 383, 397, 429, 445, 453, 485, 536,
551. 673; V. 32, p. 71, 289, 310, 356, 386, 437, 454, 613, 685; V.
33, p.
48, 75, 93, 126, 202, 224, 256, 305, 387.)
Ware River.—Palmer, Mass., to
Winchendon, Mass., 49 miles. It is
leased for 999 years to the Boston A Albany Railroad at a rental of 7
per cent per annum. I. A. Rumrill, President, Springfield, Mass.
Warren, N. /.—Line of road, New Hampton Junction to Delaware
Bridge, N. J., 18^ miles. The road is leased to Delaware Lackawanna
A western at 7 per cent on stock and bonds. Gross
earnings, 1879,
$490,040; net earnings, $313,198; interest paid, $92,698; dividends,
$126,000. (V. 32, p. 611.)
Wasatch d Jordan Valley.—Brigham City, U. T., to Alta City, U. T.,
44 miles.
In 1878 the Brigham Canon A Camp Floyd was
merged
in this, and it is stated that there are
mortgages prior to the above.
For three years, 1876-7-8, the average net earnings wore $131,186
per annum. Stock is $1,100,000. C. M. Scofield, President, N. Y. City.
Washington City d Point Lookout— Hyattsville, Md., to Shepherd,
Md., 13 miles. This road was opened in 1873. It is leased to the Balti¬
more A
Ohio for $36,000 gold per annum. The stock paid in is
$1,000,000. Same ollicers as Baltimore A Ohio Railroad.
Westchester d Philadelphia.—Line of road—Philadelphia to West¬
chester. Pa., 26 miles. In May. 1880, the Phila. Wil. A Balt, purchased
the stock. Gross earnings, 1877-78, $312,486; net, $146,127; gross,
1878-79, $266,403 ; net, $124,538. (V. 26, p. 116; V. 30, p. 545.)
West Jersey.—Main line—Camden to Cape May and Bridgeton, 111
miles; leased lines, 27 miles; total, 128 miles operated. The company
holds as assets $680,000 of various stocks and bonds. The bonds duo
in 1883 arc reduced by purchase and bonds of 1909 increased accord¬
ingly. In 1880 the rentals of Swedesboro RR. and Salem RR. were $37,514 more than their net earnings; the net profits over int. and rentals
on entire line were $62,925
Operations for three years past were:
Freight (ton)
Passenger
Gross
Net
Mileage.
Mileage.
Earnings.
Earnings.
1878
15,386,915
3,624,705
$541,678
$202,985
1879
16,674,109
5,217,286
586,178
253,812
1880
25,372,305
5,557,065
758,690
275,561
—(V. 30, p. 431 ; V. 32, p. 366 ; V. 33, p. 256.)
West Jersey d Atlantic.—Newfield, N. J., to Atlantic City', N. J., 34
miles. Opened June 17, 1880, and operated by West Jersey Railroad
on a joint traffic agreement and 25 per cent of gross
receipts on West
Jersey from traffic of this road to be applied as sinking fund for bonds.
Stock is $500,000.
Western Alabama.--’Line of road—Selma to Opelika, Ala., 116 miles
branches, Opelika to West Point, 22 miles, and Opelika to Columbus, 29
miles; total, 167miles. Was a consolidation in 1870 of Montgomery A
West Point and Western of Alabama. Sold May 10, 1875, in foreclosure
and purchased jointly by tlie Georgia Railroad and Central Railroad of
Georgia. Tbe old stock and income bonds were wiped out in tlie fore¬
closure, and the property is represented by the bonded debt and $361,005
due each ot the above companies. There are also $45,000 second mort¬
gage 8s of Montgomery A West Point RR. due May 1, 1888. The gross
and net earnings have been as follows:
1875-76
1870-77

Gross

Earnings.

$491,458
467,597
544,107
579,492

Net
->

Earnings.
$121,088
100,524
176,652

183,994

Bonded

Interest.
$20 4,240
204,240
204,240
165,000

—(V. 30, p. 542.)
Western d Atlantic—Atlanta, Ga., to Chattanooga, Term., 13S miles.
Built by State of Georgia and opened in 1850, and by an act of October
24,1870, was leased to a company for twenty years, at a monthly rental

$25,000. In 1877 gross earnings were reported at $1,091,895, and
net, $160,905. None later given. (V. 29, p. 489; V. 32,184.)
of

11A1LR0AD

Iviii
Subscribers will confer a

great favor by

DESCRIPTION.
For

explanation of column
on

Western

w

Date
Size, or
Amount’
Rate pei1
Par
of
of
Outstanding
Cent.
Value.
Road. Bonds

headings, Ac., sec notes
of tables.

unendorsed

90
90
90
90
90
90
90

City..

endorsed by Baltimore
endorsed by Washington County

1858
1858
1867
1867
1868
1870
1872
1880
1877
1877

$100Ac.
500
500
500
500
500
500

Ac.
Ac.
Ac.
&c.
Ac.
Ac.

300;000

2d
3d

preferred mortgage,

mortgage,

unendorsed

endorsed by Baltimore

do w
endorsed by Baltimore
Funded coupons
_*
Western MintCesota—1st mortgage
4th

..

...

60

grant bonds
Western^North Carolina—1st mortgage
Land

130
57
28

Pennsylvania—lstmortgageT
mortgaged
Branch.V

Western

1st
Pittsburg
General mortgage
"

White Water—Stock ($325,000

1879

1880

179
179

Wilmington'rfvWeldon—Stock
Sterling bonds

^

500 Ac.
100 Ac.

326
326
326
46

land grant, pref.

1st series
2d series, income

1880
1880
1880

....

Rochester—Stock
do
1st m., guar, (for $700,000)

48
48

100
100 Ac,
500 Ac.

lOOOAc.

1874

500 Ac.

road—Baltimore to Williamsport, Md., 90
The company was largely assisted
by the city of Baltimore, and was unable to pay all its interest. A com¬
promise was made with the preferred second mortgage bondholders for
funding couikjus. See Chronicle, Vol. 29, p. 458, where the annual re¬
port for 1879 was published, which contained the following information:
“During the year an amicable adjustment has been made with the pre¬
ferred 2d mortgage bondholders, by the adoption of a mutually satisfac¬
tory funding scheme. Under this arrangement, the overdue coupons upon
$390,000 or the $421,500 of these bonds held by individuals have been
funded, and it is expected the balance, principally held in Carroll
county, will be funded by Jan. l,the time at which the company has
agreed to resume the payment of interest upon all such bonds represent,
ed in the funding certificates. The finance commissioners of Baltimore
city have funded $113,475 first mortgage and $112,455 preferred
second mortgage coupons. The old funding certificates for $177,596 of

Western Maryland—Lino of
miles. The capital stock is $682,250.

issued in 1870, and bearing
1,1880. A number of the principal hold¬
ers of these have been consulted, and all seem willing to renew at maturity
at 6 per cent.
(Carried out thus in 1880.) The arrearage of interest
due the city on the $72,000 first mortgage coupons, purchased in 1874,
will be provided for by installments as early as practicable. Once able
to pay the mterst upon its first and preferred second mortgage bonds and
funding certificates, with the arrears above mentioned disposed of, all the
other bonds being endorsed by Baltimore city and Washington county,
the company will be relieved of the expensive litigations and the uncer¬
tainties which have harassed it from its inception to the present time,
and the day for such a condition can no longer be remote.’*
The Baltimore A Hanover RR. was completed to its connection with
this road in 1880. The operations for five years have been as follows,
but in 1878-79 the construction account was closed and all expenses
charged to operating expenses, on which basis net earnings have since
first and preferred second mortgage
8 per cent interest, fall due July

coupons

been-relatively decreased.

Freight
Mileage.

1875-76
1876 77

6,737,061
6,582,241

7,411,061
8,502,388
10,705,925

—(V. 28, p. 97, 121, 147, 454;

Gross
Earnings.

4,631,932
4,692,089
5,180,982
5,469,519
6,645,328

Passenger
Mileage.

$311,902
332,086
347,202
347,442
397,564

Net
Earnings.

$96,346
112,145
129,927
73,095
88,278

V. 29, p. 458, 671.)

Minn., to Braincrd, Minn., 61
Leased to the Northern Pacific
Railroad May 1,1878, for 99 years. Stock, $100,000. The land grant
is 537,842 acres. Geo. L. Becker, Prest., St. Paul, Minn. (V. 31, p. 430.)
Western Minnesota.—Sank Rapids,
miles.
Road opened Nov. 1, 1877.

C., to
N. C,,
C., to
operated, 130
April
17,1875, by commissioners for the State of North Carolina. It is pro¬
posed to complete the road to the Tennessee State line. Stock, $1,400,000. J. W. Wilson, President, Morgantown, N. C. (V. 30, p. 249; V. 32,
Western Forth Carolina.—Road as projected—Salisbury, N.
Paint Rock, Tenn. State line, 184 miles; in operation—Salisbury,
to Swannanoa, N. C., 127 miles; branch line—Newton Junction, N.
Newton, N. C., 3 miles; total projected, 184 miles, and
miles. The road was financially embarrassed, and was purchased

p.

1879-0

P
2 to 5
2 to 7

100; V. 33, p. 346, 385.)

1*2

1,789,800

r-2

1,305,800?
700,000

Road

was

5

to Alleghany
Butler, Pa., 21 miles; total, 84Lj milesCompleted in 1865 and branch in 1870. Leased to Pennsylvania Rail¬
road, the lessees paying net earnings to lessors. The Pennsylvania Rail¬
road, lessee, owns $993,050 stock out of the total amount of $1,022,450,
$288,000 of branch bonds, and all of $1,200,000 general mortgage
bonds. In 1878 gross earnings were $547,175 and net earnings $231,175.
Pennsylvania.—The road runs from Blairsville

White Water.—Harrison, O., to Hagerstown, Ind., 62 miles. This was
formerly the White Water Valley, sold in foreclosure May 2,1878, and

reorganized under this title. Net earnings in 1878, $17,645; in
$14,099; in 1880, $210. Elijah Smith, President, Boston, Mass.
Wheeling <6 Lake Erie.—Road under

1879,

construction—Wheeling. W. Va.,
Norwalk to Sandusky, O., 21

to Toledo, O., 200 miles, and branch,
miles. Bonds offered in New York, July,
Western Investment Co.

1880 by N. Y. New England &

Wilmington Columbia <£ Augusta.—The road extends from Wilmington
Columbia, S. C., 189 miles. The company leased Wilmington A
Weldon, but failed on the rent December, 1877. Paid 3 per cent divi¬
dend November, 1880.
N. C., to

-

Gross
Earnings.

Net
Earnings.

*875-6

$532,311

$116,634

518,225

87,630

r

i

ears.

18/9-80




547,446

145,423

J.
J.
J.

May 1, 1890*
April 1, 1893
Jan. 1, 1896
Oct. 1, 1901

June, 1910

(?)
1881
1886
1896

London.
do

J.

N.Y.,Bost.,Lond.,Frank
Boston,
do
do

& J.
& J.

A.
P.
A.
A.

&
&
&
&

1902

1890

Safe Deposit Co.

*A*J.

1895
1895
18)95
1900

Nov. 1, 1900-

Y., Co.’s Agency.

N.

5 p. ct.

yearly

July 1,
Worcester, Office.
May 1,
do
do
O. Bost., Globe Nat. Bank, April 1,
Feb. 1,
do
do
A.
Oct. 1,
Worcester, Office.
O.
O. Bost., Globe Nat. Bank. April 1,

sold in foreclosure,

.

October, 1879, for

interest, received a

cates for funded

1881
1887
1893
1895
1881
1894

$860,500, and re

$1,000 bond of the new company,

adopted provided only for
income bonds, $600,000;
$879,022, and the capital
351; V. 30, p. 84, 190;

and in addition six shares of stock. The plan
the first mortgage bondholders, and cut off
certificates of debt, $336,000; floating debt.
stock of the old company, $300,000.
(V. 29, p.
V. 31, p.587.)

Wilmington d-

Wilmington to Weldon,

Weldon.—Road extends from

163‘miles ; branch to Tarboro, 17 miles ; total, 180 miles. Was leased
November, 1872, to Wilmington Columbia & Augusta Railroad for 99
N. C.,

liabilities and paying 7 per cent divi¬
December, 1877, and the lease was
for five years

years, the lessees assuming all
dends. The lessees made default

The earnings and expenses

surrendered April 13,1878.
have been as follows:

Gross

1875-6.'
18 "6-7

Net

Earnings.
$604,699

Years.

Earnings.
$238,977

548,462
488,448
505,978
603,175

.'
a.

-(V. 28, p. 44,144; V.

156,908
176,277
175,693“
221,698

30, p. 191; V. 31, p. 587.)

lino and branches
Ashland, 186 miles; do. to
Portage City, 70 miles; branches, 7 miles; total owned, 327 miles.
Leased, Milwaukee A Northern road, 124 miles, .and Milwaukee t<r
Schwartzburg, 9 miles. Total operated, 460 miles. Road finished in
1876. A foreclosure suit was begun in September, 1878, and in January,.
1879, the road was taken possession of by the trustees for bondholders,
who still operate it. There is a valuable land-grant of over 800,000
acres. The full planof reorganization (now practically accomplished) was
given in the Chronicle, V. 29, p. 303. This embraced the issue of a new
consolidated mortgage to cover $400,000 5 per cent preferred bonds;.
$3,800,000 first series bonds, bearing 2 per cent for three years from
July 1, 1880, and 5 per cent afterward; and $5,700,000 second series
bonds, to draw interest if earned (but not cumulative), 2 per cent for
three years, and 7 per cent thereafter. Interest on the second series is
payable J. and J., but dependent each time on the net earnings of the
half year ending six months before. The stock of $11,500,000 remains,.
$2,000,000 of it preferred and $9,500,000 common, and is all deposited
in trust with Stewart and Abbott, Trustees, to be voted on until all interest
is being earned and paid on new bonds, and in the judgment of the trus¬
tees is likely to be earned. Certificates for new stock have been issued
to the old stockholders, which pass as a delivery on sales. Annual report,.
V. 30, p. 599. For four years past the earnings, &c., were as follows:
Wisconsin Central.—Dec.

Stevens Point to

Years.

31,1880, owned main

Menasha, 64 miles; do. to

Freight (ton)

Passenger
Miles.

Mileage.
22,984,236
23,225,583

Mileage.

1876-7.. 449
1878
449
1879
455
1880
460

5,889,367
5,661,975
6,385,319
8,746,766

-(V. 30, p. 249,
1,
207, 579, 634.)

598; V. 31. p. 196,

....

....

Western

N.

D. Balt.,
D.
J.

&
&
A
&
&

do
do

do
do

Jan.,
Jan.,
Jan.,
Jan.,
Jan.,

organization is in progress.
The scheme of reorganization (which was
carried out) provided that a new corporation should bo created, with a
capital stock of $960,000 and $1,600,000 in thirty-year first mortgage
bonds. The Holder of $2,000 of the old bonds, together with the certifi¬

....

City, Pa., 63*2 miles; branch to

Philadelphia, Penn. RR.

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

Jan. 1, 1890*
Jan. 1, 1890*

Various

5
5
5

275,000
250,000
400,000

Dividend.

Whom.

Payable

A. & O.
J. A J.
A. A O.

3
7
3
6 g
7 g

400;000

pal,^When Due.
Stocks Last

Payable, and by

J. Balt., N. Mechanics’ B’k
do
do
J.
do
do
J.
J.
Hagerstown, Md,
J. 'Balt.,N. Mechanics’ B’k
do
do
J.
do
do
J.
do
do
M. A N. N. Y., Northern Pacific,
do
t
doM. & N.

*6* g-

3,800,000
5,700,000

1875

"Ronds, mortgage

100,000

850,000
800,000
1,000,000
1,200.000
1,300.000

648,700
221,400
749,000

1873

Worcester dr Nashua—Stock
Bonds, mortgage
Bonds, mortgage

■

1,000 15,000 p. m.
960,000
1,600,000
ioo
1,456,200

do

Sinking fund bonds, gold
Wisconsin Central—Consol, mort.,

Nashua 4Vdo

1865

1,000

62

of it pref.)

Wheeling <& Lake Erie—1st mortgage, gold
IVilmingion Columbia <£- Augusta—Stock
New mortgage
T
do

1863

1,000

300,000
600,000
875,000
1,000,000
530,250
500,0< 0

When .Where

Tables.
Bonds—Princi¬

&
&
&
&
A
&
&

6
6
6
6
6
6
6
6
7
7
7
6
6
7

$200,000
400,000

187-90
187-90
do
do

2d
2d

of any error discovered in these
INTEREST OR DIVIDENDS.

giving immediate notice

Miles

Maryland—lstmort., endorsed Balt.

mortgage,

1 st

first page

[Vol. XXXIII.

STOCKS AND BONDS.

Worcester <& Nashua.—Sept.

30,920,076

41,550,726

Gross

Net

Earnings.

Earnings.

$718,743

$108,964

733,819
851,090

1,146,352

205, 431, 536; V.

122,863

193,090

265,748
32, p.

124,

30,1880, owned from Worcester to Nashua,

48 miles; total operated,
10 per cent for some
charges (Nashua & Rochester, 48
and the Worcester A Nashua paid
only 5^ per cent dividends in that year and nothing since. . T^iec5fJ?tfr
charge being plainly too heavy, an agreement was made in 1879 to
reduce the interest on bonds to 5 per cent, and the dividends on Nasaua
& Rochester stock to 3 per cent per annum. The interest on Worcester
& Nashua bonds was also reduced to 5 per cent, and surplus earnings in
any year above requirements for interest and 3 per cent on each stoex
are to be apportioned between the stock of each company according u>
the relative number of shares. In addition to above there were $75,uuu
bonds due Jan. 1,1881, $38,000 of which to be retired, the balance
remaining on interest at 5 per cent. Five years’ operations were as ioi-

46 miles; leased, Nashua & Rochester,
94 miles. Paid regular dividends of
before 1874-5. In 1875-6 the leasedline
miles) first appear in the accounts,

lows:

Years.

Miles,

1875-6....
1876-7....
1877-8....
1878-9....

70
94
94
94
94

..

Passenger
Mileage.

5,874,808
6,383,990
5,703,761

6,168,871
6,784,960

Freight
Mileage.

8,969,241
10,063,658
9,961,740
12,123,444
14,995,020

Gross

Earnings.

$507,325

497.239
473.240
473,081

553,592

Net

Earnings*

$162,597

157,260
168,351
165,495

167,033

CANAL

1681 J,

OCfTORBB,

DESCRIPTION.

headings, Ac., see notes

Axelanation of column
exp
on

Gf tables.

page

Chesapeake—Stock

JL Xbtrtnarlt

Miles Date Size, er
of
of
Par
Canal. Bonde, Value.

14

Ohio—Stock
Mamandloan» sinking fund
c

Guaranteed sterling loan
Bonds having next preference
iKwttbn—Stock, (Conr.into L.C.AN.stck.>
1st mortgage (extended 20 years in 1878)

1856
.

....

1858

Mort. loan, g.

Loan’,

debenture mortgage
Loan, debenture

....

339

....

.

•

1867

....

....

Extended, 1877..

....

1872
1871
1872

....

103
103
103
103

yiorw—Stock, consolidated
Preferred stock
New-mortgage (for $1,000,000)
-

Preferred stock scrip dividend

....

Pennsylvania—Stock
General mortg., interest guar’d by Penn. RR—
Schuylkill Navigation—Stock) common
Preferred stock
1st mortgage, extended
2d mortgage
Moitg ige bonds, coup,

Improvement bonds

337
337
108

1,000
1,000

..

.

.

....

1876
1865
1869

1,000
various.
various.
50

1870
.

1,000
50
50

.

....

....

....

....

1,000
1,000

....

(payable by P. A R.)

....

....

Susquehanna—Stock
Maryland loan, 2d mortgage
Susquehanna Canal, common bonds, 4th mort

1870
1863
1864

1,000
1,000
1,000

....

....

....

....

50
1839
1859

....

1,000

’44-'64
1841-4
1872

85

Union—1st mortgage

....

45

pref. bonds, 3d mort
pref., 3d. T. W. priority b’ds..
bonds of 1872, 5th mort

....

500
500

1,000

....

....

Albermarle & Chesapeake— Securities placed on New York Stock
Exchange list February, 1880. Prest., Marshall Parks, Norfolk, Ya.
-^3ee V. 30, p. 248.)

any error

discovered in tbese Tables*

Outstanding

Rate per When Whore
Cent.
Payable

INCOME ACCOUNT.

1877.

of coal

1878.

1879.

1880.

$

Receipts—

$

$

$

4,638,872 5,229,266
44,313
39,100
Miscellaneous profits
28,900
80,146
Coal on hand (Dec. 31)....
341,036
672,785
Railroad earnings in Penn.
248,275
398,219
Interest on investments...
294,312
341,781
Balance
1,147,322
59,591
Total.....
6,743.040 6,818,887
Sales

Canal tolls

Disbursements—
Coal

on

hand Jan. 1

Mining coal

5,764,477

7,210,524

41,025

42,810
93,516
727,283

91,408
535,264

595,663
326,635
630,643

7,'985,118

561,948
312,243
8,948,327

$

$

$

$

698,758

341,036

673,651

,

Whom

3,171,369
596,827
801,306
766,939

1,234,449
350,916
316,059

1,343,973
366,578
14,642

Dividend.

500,000
2,078,038
1,993,750

J.
J.
J.
J.

7
....

6

8,229,594
2,000,000

4,375,000
1,699,500
1,633,350
800,000
20,000,000
3,500,000
6,481,000
4,856,000
5,000,000
11,204,250
771,000
5,381,840
2,000,000
4,653,000
212,381
41,550
2,470,750
245,000
1,025,000
1,175,000
780,000
220,000
103,164

4,501,200
3,000,000
859,100
3,200,950
1,709,380
3,990,390
1,200,000
228,000
756,650
628,100
2,002,746
1,000,000
1,323,000
227,500
97,810
250,000

6
5
6

Q- J.

July 1, 1909
July, 1886

Balt., A. Brown A Sons.

Q-J.

London.

1870
1890

J. A J. Balt., A. Brown A Sons.
1885
F. A A. Phila., 303 Walnut st. Aug. 36, 1881

1\
6

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

1*2
7
7
7
7

1*3
6 g6
6

6 g.
6
6
7
7

A J. N. Y., Union Trust Co.
A D.
Philadelphia, Office.
A J.
do
do
A J.

:i-

6
2

A
A
A
A
A
A

do
J.
do
A. N. Y., Bk. of Commerce.
J.
do
do
J.
do
vdo
O.
New York, Office.
S.
do
do
Q—M.
Philadelphia, Office.
m! A s.
do
do
do
do
Q-J.
do
do
Q-F.
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
J. A D.
do
do
F. A A.
do
do
M. A 8.
do
do
F. A A. Leh. Val. RR. Co.. Phila.
F. A A.
do
do

5
7
7
7

A. A O.
A. A O.

6

J. A J.

F. A A.

50c.

....

$1
6
6
6
6
6
7
6
6
6
6
7

3,000,000

....

Q. -M.

J.
J.
M.
M.
M.

A
A
A
A
A

J.
J.
N.
N.
N.

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

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

do
do
do

July 1, 1898
Sept. 10, 1881
1884
1891
1894

Sept. 1, 1917
Sept. 2, 1876
1894

1884
1897
1897

Dec., 1881-»82
1882
June 1, 1911
1892

1883-'84
Feb. 4, 1881
Feb. 4, 1881

-

do
do
do

April 1,1906
Oct., 1885
Feb., 1889

Phila., 233 So. 4th St.
Philadelphia, Office.
do
do

do
do
do

do
do

July, 1910
Aug. 1, 1880
Aug. 1, 1880

do
do
do
do
do
do
do

March, 1897
1882 to 1907
1895

May, 1880
May, 1913
May, 1915

Phila. and Baltimore.
do
do
do
do
do
do
do
do

Jan., 1885
Jan. 1, 1913
Jan., 1894
Jan., 1894
Jan., 1902
May 1,1883

Philadelphia, Office.

68, 320, 518, 589; V. 31, p. 44,122, 259,357; Y. 32, p. 98,155, 230,
526.)
t
Lehigh Goal <t Navigation—The Central Railroad of New Jersey
assumes (in purchase of equipment) $2,310,000 of the
gold loan due
1897, and leases the Lehigh & Susquehanna Railroad. The Lehigh Sc
Wilkesbarre Coal Company assumes $500,000 of the gold loan due 1897,
and $771,000 (all) of the convertible gold loan due 1894. There is also
a 1st Greenwood mortgage of $140,000/due Oct. 1.1882.
The Board
of Managers' report for the years 1879 and 1880 has the following state¬

Water Powers Lehigh Canal
Delaware Division Canal
Net profit on Lehigh Coal
Royalty on coal mined by lessees
Revenue from rents
Profit realized from sales of real estate.
Miscellaneous receipts

Total
disbursements.

General and

legal expenses

Rent and taxes Nesquehoning Valley Railroad..
Rent and taxes Delaware Division Canal
Taxes chargeable to canals
Taxes chargeable to coal and coal .lands
Taxes on capital stock
Taxes on landed property and improvements...

1879.

1880.

$828,817 $1,157,900
51,930
108,e66
19,830
47,589
190,622
1,961
33,943
5,760

19,755
90,176
185,626
6,076
33,728

3,393

7,737

$1,183,^48

$1,609,676

$51,333

$51,792

97,050
125,438
2,568

49,179

14,131
12,411

42,983
22,725
12,876

923,958

932,231

$1,309,612

Interest account

138,000
118,867
1,730

$1,287,664

535,264

2,204,228 3,003,893
618,252
641,951
820,438
933,768
528,532
830,427

pal,When Due.

Payable and by Stocks—Last

Chesapeake & Delaware.—Delaware City to Chesapeake City, Md.
-(V. 30, p. 674.)
Chesapeake <£• Ohio—In a suit against the company the Court (January,
1881) declined to appoint a Receiver, but ordered the company to report
at stated times its receipts and payments. (V. 28, p. 599; Y. 32, p. 43.)
Delaware Division.—Leased to Lehigh Coal & Navigation Co. at interest ment of receipts and disbursements:
on bonds and 4 per cent a year on stock, parable till February, 1880, in¬
receipts.
clusive, in scrip, then till August, 1881, half in scrip. (V. 28, p. 41, 198.) Railroads and NesquehonlngTunnel
Delaware & Hudson.—This company, which is among the largest miners Lehigh Canal
and carriers of coal, leases the Alb. & Susq. and Rensselaer & Saratoga
railroads. Also endorses bonds of N. Y. A Canada RR. The income
account for 1880 showed net surplus reoeipts of $1,351,422, against a
deficit of $630,043 in 1879. The annual report for 1880 was given in
Y. 32, p. 230. Comparative statistics for four years:

Bonds— Princi -

INTEREST OR DIVIDENDS.

Amount

675,000

various.
100
100

....

....

Boat and car loan
Boat and car loan

do
do
do

50
500 Ac.
Var.
Var.
500 Ac.
Var.
Var.

....

Consolidated mortgage loan
Greenwood 2d mortgage, reg.

Boat loan

1,000
lOOOAo.

....

....

•

1,000
1,000

1869
1864
1867

....

.

100

1869
1871
1874
1877

....

.

1,000

....

148

registered—. — registered, railroad
($2,810,000 assumed by other co’s.)

50

....

148

1st mortgage,
1st mortgage,

T

_

....

60
60

do
do
Debenture loan of 1894, coup and reg
IstM., coup. & reg., on Penn. Dir. ($10,000,000)
Lehigh Coal <& Navigation—Stock
Loan, conv., coup., gold (assumed L. A W. Coal Co)
,

Vario’a
25
500 Ac.
500 &o.
500 Ac.

3

148

Hudson—Stock
1st mortgage, registered

_

lix

$1,500,000

50

....

14
184
184
184
184

Delaware <&

$....
1,000

1879

....

c£XapeaS£<* (originally $2,8W,uuu)
1st mortgage

fihetavtake

BONDS.

confer a great favor by giving Immediate notice of

Subscribers will

vat
ror

STOCKS AND

2,077,370

Coal transportation, &c...
488,073
Canal freight and expenses
759,349
Railroad freight, Ac
422,746
Interest
1,157,352
Taxes and miscellaneous.
534,025
Loss on leased railroads...
605,367
Balance

1,340,956
406,883

498,562

Deficit 1879, surplus 1880
$125,763
$322,011
The President remarked: “ The total revenue for 1880 from all sources
was $1,609,676, showing a gain of $425,827 over 1879.
The decreased
expenses, $21,947, added to this, make a total gain of $447,775 over
the previous year. The production of coal during the year was 554,937

1879,—a decrease of 145,with $190,622 in the pre¬
Total
6,743,040 6,818,887 7,985,118 8,948,327 vious year. We expended for coal improvement account $79,916 during
the year, and charged off $53,867 for depreciation of same. We have also
GENERAL BALANCE AT CLOSE OF EACH FISCAL YEAH.
A
charged off $55,317, being ten cents per ton on coal mined from the
Canal, Ac
6,339,210 6,339,210 6,339,210 6,339,210 property. Our mines have never been in as promising a condition as at
Railroad and equipment.. 6,209,981 6,190,766 6,220,669 0,414,759 the present moment. * * * The second instalment of our extended
Real estate
Mines and fixtures

Coal-yard, barges, Ac

Lack. A Susquehanna RR.
New York A Canada RR..
Cherry Val. A Sharon RR.
Coal on hand Dec. 31

8,622,913
2,679,961
897,287
1,021,153
3,597,087
314,871
341,036
385,374
581,289

Advances to leased lines..
Advances on coal royalties
Miscellaneous assets
4,438,512
Telegraph, and Car Co....
69,410
Supplies on hand
1,089,853
Cash and bills receivable..
Profit and loss
Total assets

Liabilities—
Stock
Bonds

Miscellaneous

1,926,694
199,660
38,714,292
$
20,000,000
17,010,500

accounts...

Profit and loss
Total liabilities

1,703,792

1,351,429

8,643,793
2,679,077

877,784
1,022,293
3,597,074
305,991
672,785
439,020
617,246

4,295,445

8,795,657 8,846,316
2,699,590 2,713,957
720,487
746,791
1,022,293 1,022,938
3,597,074 3,597,074
300,000
300,000
535,264
727,283
368,773
608,894
605,326
613,181
4,480,701 *4,294,706
69,410
69,409
878,000
962,130
3,140,116 3,785,656
1,208,726
40,981,301 41,041,614

69,410
958,667
2,314,268
587,185
39,610,006
$
$
$
20,000,000 20,000,000 20,000,000
18,333,000 19,837,000 19,837,000
1,277,006 1,144,301 1,003,827
200,786

38,714,292 39.610,006 40,981,301 41,041,614
*
.These miscellaneous assets include ■ iio following: Boston Hartford A
Erie 1,400 bonds, $786,727; Jefferson RR. bonds (108), $86,710; Albany
* Susquehanna consols
(275), $275,000; Delaware A Hudson Canal Co.,
1891 bonds (963),
$962,773; sundry assets, $375,881. Stocks as fol¬
lows: 8,540 shares
Albany A Susquehanna, $854,000; 8,241 shares
Rensselaer A Saratoga, $822,137 sundry stocks, $131,477. (V. 30, p.




tons of prepared sizes, against 700,761 tons in
824 tons. The profit was $185,626, compared

on the 10th of December, and was promptly
The amouut outstanding is now $212,381, maturing one-half each
in 1881 and 1^82. The floating debt, less cash assets, was about $800,000 at the close of the year. This includes the cost of Delaware Division
bonds purchased during the past year by agreement with that company,
and of which we now hold $30g,ooo, bearing 6 per cent interest. The
company also owns $740,000 of its seven per cent consolidated bonds
and 18,900 shares of its own stock.” (V. 28, p. 198,224, 578; V. 30, p.
190; V. 31, p. 122, 454; V. 32, p. 204, 231.)
Monns.—Leased April, 1871, to Lehigh Valley Railroad for 999
years.
The lessees assume bonds and scrip, and pay 10 per cent per
annum on pref. stock and 4 per cent on consol, stock.
(V. 12, p. 714.)
Pennsylvania.—Worked in interest of Pennsylvania Railroad, which
guarantees interest on bonds. An old mort. of $90,000 is due in 1887
Earnings in '80, $368,769; net, $190,943; interest, taxes, Ac., $192,513
Schuylkill Navigation.—Leased from June 1,1870, to Philadelphia <&
Reading for 999 years/ Rental received in 1879, $636,736.
The
dividend of August, 1879, was payable in Philadelphia A Reading Rail
road scrip. In 1880 the lessees defaulted on the rental and an attempt
was made to scale down the interest on some bonds, and certain propo¬
sitions made by the Receivers of the Philadelphia A Reading Railroad.
See V. 32, p. 184.
(V. 22, p. 493 ; V. 26, p. 418 ; V. 30, p. 431; V. 31,
p. 330, 551; V. 32, p. 17,184.)
sm
Susquehanna.—Leased and operated by Philadelphia Sc Reading Rail
Dec. 31, 1880, th«
road for interest on bondsi and half of net earnings
floating debt was $186,904, including $158,000 accrued interest.
8t*ek, $2,907,850

debenture loan matured

paid.

,

.

,

BONDS

MISCELLANEOUS STOCKS AND

DESCRIPTION.
Jot

Size, or

Date
of

explanation of column headings, &e., see notes on Bonds
first page of tables.

par
Value.

outstanding.

American Express—Stock
Boston Land—Stock

Boston Water Power—Stock

1874

Mortgage bonds (for $2,800,000)

1,000

Sterling bonds (sinking fund one-fifth of land sales)
Mortgage bonds, gold, sixes (for $2,500.000)
Union RR., 1st mort., end. (sink, fund, rentson $220,163)
do
2dM., g., end., (s. f. ground rents on $144,800)
Central New Jersey Land—Stock
Colorado Coal d- Iron—Stock

1,000
500 *fcc.
500 &c.
100
100

1880

1,000
100

1864
1872

1,000
1,000

,

100
100

1868

fund

1,000
100
100
100

Mariposa Land d Mining—Stock
Preferred stock

Mortgage bonds (for $500,000)

..

1875

....

cent for lands

....

....

reports; no information.

American Coal.—There are mortgage bonds for
report for 1880 gives the following information:

deceived for coal sold and
rents and interest
Coal on hand, value

100
100
50

$465,931
24,712

$287,944
&c
115,630
Alexandria, Baltimore and Jer¬

transportation

Mining, superintendence, labor,
Shipping expenses,
sey

ljegal expenses

161—

$207,843
27,056-

Depreciation on boats, &c

J.
J.
J.
M.

&
&
&
&

do

& D.

scrip.

7
6
6

212

June, 1884

J. London, Brown S. & Co.
J. New York or London.

1, 1904
1, 1904
1900

Jan., 1875

.

F. & A. N.Y.,Am.Exch.

Nat. Bk.

N.Y., Co.’s Office, 71 B’y Jan. 27,1881
do
do
J. & J.
Jan., 1885
Jan. 1, 1897
do
do
J. & J.
Oct. 15, 1875
New York, Office.
A. & 0.

Nov., 1893

Aug. 1, 1881

New York.

Jan. 1, 1886
Jan. 1, 1876
Nov. 1, 1906

J. & J.

lifl

Cent. R. R.

Boston, Treas. Office.

Q.-F.

-

7

....

...

6 g2
1

Jan.
Jan.

Baltimore.
London.

J.
N.

M. & N. N. Y., at Ill.

8
1

m

Nov.* 12,1872

Boston, Office.

....

J.

New York.
New York, Office.
New York,

M’ntlily

1911
Jan. 15,1881

April, 1880

4
-

-

-

-

7

....

1900

....

These are all to be merged in the
bonds. The full report was in the Chronicle of
April 2, 1881. President, W. J. Palmer; Vice-President, C. B. LamboTu.
-(Vol. 30, p. 357, 675; V. 32, p. 366.)

report for 1880 was published
and contained the following:

Consolidation Coal.—The annual
Chronicle of March 6, 1881,

receipts from mines, railroads, rents, &c., (includ¬

ing value of stock of coal on hand) were
Total expenses of every kind (exclusive of interest and sink¬
ing fund, but including steel rails and all extraordinary

$2,265,639

1,771,515

<

$494,123

Net

463,587
€

receipts
.
earnings after deducting interest on bonded debt for
1880 and sinking fund belonging to 1880, amounting to
$218,414
.......

208,002
9,542

—Consolidated mortgage bonds are held to retire old bonds.
also bonds of the Cumberland & Pennsylvania, and assumes
ihe Union Mining Company’s bonds. (V. 28, p. 301; V. 30,

32, p.287.)

in the

275,708
Guarantees
$135,000 of
p. 347; V.

Stock List January, 1880.
of Somerset County, Pa. Bonded debt outstanding
only $17,000; no floating debt. Alex. Shaw, President, Baltimore.
Cumberland d Elk Lick Coal.—Admitted to

$225,357

surplus

Total assets December

Office. July *3,'1881

Net

$27,056

Gains, 1880
Surplus, December 31, 1879
Add gains, 1879

Present

6,025
11,729
13,219

& J. N. Y., Company’s

J.

outlays)

28,876

City

Taxes
Bond and scrip interest to March 1, 1880
Salaries, office and contingent expenses

7

387,000
752,000
500,000
1,000,000
400,000
7,620,000
10,000,000
5,000,000

The gross

$490,643
Canal and railroad

1, 1881

10,1877

consolidated mortgage

$200,000. The annual

.

N. Y., Company’s Office. June
New York, Office.
Sept.

Colorado Coal & Iron Co. bonds.

(V. 31, p. 121.)

delivered, earnings of canal boats,

Stocks—Last *
Dividend.

.

6 g.
6 g.
6
6 g.

161,000
5,000,000
2,500,000
10,000.000
5,000,000
5,000,000
1,500,000
1,500,000
6,000,000
322,515

1,000

.•

-

4,400,000

100
100

Sew Central Coal—Stock
Sew York d Stmitsvilte Coal d Iron—Stock
Seic York d Texas Land\( Limited)— Stock

10 s.
7

6 g-

1,000

1881

212

3,500,000
10,250,000

100

Bonds

Maryland Union Coal—Stock
Moritauk Gas Coal—Stock
Mutual Union Telegraph— Stock
1st mortgage bonds, gold

Q-M.

M. & S.

pal,When Due.

....

1,073,000
783,000
600,000
2,400,000
10,000,000

Pay’ble

Where Payable, and by
Whom.

....

717,875
575,000

1,000

Maryland Coal—Stock

Adams Express.— No

2,000,000
18,000,000
800,000
4,720,815
2,148,000

£200

1873
1874

When

2

2^2

1,500,000

16*4

Can ton Improvement—Stock

Land scrip receivable 75 per
Debentures, registered

Rate per
Cent.

$100 $12,000,000
25
100
100
10
50

Bwids-PtiSfi

INTEREST OR DIVIDENDS.

Amount

Adams Express —Stock
American Coal (Maryland)—Stock
American District Telegraph—Stock

1st consol, mortgage, gold
Consolidation Coal of Maryland—Stock
1st mortgage (convertible)
1st mortgage, consolidated, convertible
Cumberland Coaid Iron—Stock
Cumberland d Elk Lick Coal—Stock
JDunleith d Dubuque Bridge—Bonds, sinking
Iowa RR. Land Co.-Stock

discovered in tbese Tables.

by giving immediate notice of any error

Subscribers will confer a great favor

[Vol. XXXIII.

31, 1880—Lands and real estate at mines,

A coal company

Iowa Railroad
March 31,1880.

,607 ; bills receivable, $16,323 ; accounts, $107,177;
$17,000; value of coal on hand, $24,712; office furniture,

r ake & Ohio Canal bonds, $8,000;

canal boats,
$513; Chesa-

C. & P. RailroadDirectors: James A.
stock, $1,000; G. C.

C. Railroad stock, $160,000; total, $2,069,377.
Alexander, John P. Moore, Sidney Wintringham,

Gardiner Lloyd, Ben¬
iamin Williamson, Richard S. Grant, William J. Boothe, A. J. Akin,
David Stewart. Gardiner P. Lloyd, President; George Sherman, Secre¬
tory and Treasurer. (V. 30, p. 221; V. 32, p. 287.)

Land.—The total land owned was

451,609 acres

Mariposa Land d Mining.—The suit of Jos. A. Donahoe for foreclo
of the mortgage was before the courts September, 1880. (V. 31, p.

sure

248}

Maryland Coal.—V. 24, p. 226; V. 26, p. 95;
Maryland Union Coal.—Stock placed on N. Y. Stock Exchange,
See statement V. 30, p. 466. President, John White, New

1880.
Boston Land.—The capital stock
ad $10 each, or $800,000. Assets

of 80,000 shares of the par value

of the company January 1, 1881:

♦ash, $128,895; land in East Boston and Revere, about 700 acres, un¬
incumbered, estimated at $1,829,520. An abstract of the annual report
in V. 32, p. 92, refers to the financial »*»licy. (V. 29, p. 510, 537; V.
30, p. 90, 117; V. 32, p. 92.)
Boston Water Pouter—The

sharse have strictly no par value.

Telegraph.—Organized under New York State laws
Boston, Mass., to Washington, D. C. In
to Western cities via Buffalo, Pittsburg,
Louisville, &c., &c., and $5,000,000 bonds, carrying $5,000,000 of stock
gratis, were issued in May. See Chronicle April 30,1881, fourth page
of advertisements. (V. 33, p. 201, 255.)
Mutual Union

New

Central Goal (MdJ.—Tkc

ing:

Impt'ovement —The annual report for tlic year ending May 31,
1881,-is in V. 33, p. 99. A brief history of the company was in V. 30,
». 117.
Of the $2,500,000 mortgage, $600,000 is reserved to pay ster¬
ling loan. The company owns the stock of the Union Railroad Company
add guAtraatfces its bonus.
(V. 27, p. 14; V. 29, p. 65 ; V. 30, p. 117;
V.31,p. 4ST; V. 33, p. 99.)
Central New Jersey Land Improvement.—The report says that during
the last six months of 1879 an active demand sprang up for the com¬

annual report for 1879 has
•

.

STATEMENT OF PROFITS

.

December 31,1880, balance
December 31,1880, coal on
Less freights and taxes due

the follow,
31, 1880.

ENDING DECEMBER
to credit of coal account

$1,478,304

18,938—

84,080

FOR THE YEAR

,

Canton

York:

Has a line of six wires from
1881 lines are to he extended

There

85,833 shares called “ proprietary” shares, or the number into which
Ihe property of the company is divided, the assets consisting of lands
en and near “ Back Bay,” in Boston.
Annual report, with statement of
financial condition, &<* in V. 32, p. 499.
(V. 30, p. 464; V. 31, p. 152,
327; V. 32, p. 182; V 33, p. 23, 99.)
are

April.

hand, at cost

$53,019

$1,512,385
Deduct amount

paid for railroad and canal freights

mining, office and shipping expenses,

and tolls,

salaries and interest..

Net earnings for the year.
Balance to credit of profit and loss December 31, 1879
Deduct—
Amounts charged against profit and loss during’80

l,421,ot>«

$00,51 /

$214,51o

$15,494
$100,000 was made in the capital
thousand shares received in exchange for lands,
Add$199,020
seducing it to $2,400,000. Of this amount outstanding the company
♦till owns $25,500, held for the redemption of scrip as presented. The Net earnings for 1879
..
90,517
dividend scrip has been reduced from $106,984 to $43,296, and as it is
desired to extinguish this scrip as speedily as possible, the request is
$289,537
made to holders of the scrip that they will bring the same in for conver¬ Balance to credit of profit and loss December 31,1880
Officers for 1881: Wm. S. Jacques, President; E. J. Sterling, Vice
sion into stock. The statement for two years ending December 31,1879,
shows total receipts in 1878 of $163,658 and in 1879 of $120,957. The President; Philo C. Calhoun, Treasurer; Geo. H. Adams, Secretary. (V
balance sheet December 31, 1879, gave the following values of lands 30, p. 220; V. 32, p. 312.)
owned: Newark lands, $390,584 ; Bergen, $617,622 ; Elizabeth, $169,150; Westfield, $26,307; Fanwood, $-179,633; Plainfield, $347,976;
New Yoi'k d Straitsville Goal d Iron.—Has $300,000 bonds. The stock
Dunellen, $345,398; Somerville, $77,861; Clinton, $4,780; Bloom- admitted to New York Board April, 1880. (V. 30, p. 409.)
bitrv, $26,345; Phillipsburg, $861; total, $2,486,522. (V. 30, p. 117,
22i.)
New York d Texas Land—This company owns the lauds granted to tbQ
International and Houston & Great Northern railroads, about
Colorado Coal d Iron.—This company, with headquarters at Colorado
acres, which were given in settlement to the holders of convertible ana
Springs, Col., was a consolidation Dec. 13, 1879, of the Central Colorado second mortgage bonds. Each holder of a $1,000 second mortgage or
Improvement Co., the Colorado Coal & Steel Works, and the Southern convertible bond and unpaid coupons, or purchasing committee ceriin•Colorado Coal & Iron Co. The company is controlled by Denver & Rio
cates, of the International and Houston & Great Northern railroaas
Grande Railroad parties. Stock is lion-assessable. On Dee. 31. 1880, receives $300 stock and $1,200 land scrip of this Co. (V. 30, p.
■she debt consisted of $1,225,000 consolidated mort. bonds, $1,500,000
V. 31, p. 511.)
Central Colorado Improvement Co. bonds, and $104,300 Southern

pany’s lands.

A further reduction of

stock by canceling a




October,

MISCELLANEOUS STOCKS AND BONDS,

1881.]

Subscribers will confer a great favor by giving immediate notice of any
DESCRIPTION.

Date

Tcv^rohiuatioii of column headings, Ac.,
'A

x u

page

of tables.

see notes on first

Telegraph—Stock
•Oregon Railway d Navigation Stock

of

T^onds

•

Par

Mortcraze

Outstanding

$50

••••••••»••••••••••••••••••••••••••••••• • •• • •

••••

....

100

bonds, gold...

1879

-

Transcontinental—Stock (for ($50,000,000)
Pacific Mail Steamship—Stock.
Pennsylvania Anthracite Goal Stock........
1st mortgage (east side} bonds on 1,053 acres
let mortgage (west side) on 400 acres and 550 leased.....
Pennsylvania Coal—Stock.

1,000
100

Oregon d

100

..............

1st mortgage

1872
1872

1,000
1,000
50

1861

bonds

Producers' Consolidated Land d Petroleum--Stock
Pullman Palace Car Stock
Bonds, 3d series
Bonds, 4tli series
Bonds, debenture
Bonds, sterling debenture, convertible till April, 1881

....

100
100
1872
1872
1878
1875

..

1,000
1,000
1,000
£100
100
100
100

Quicksilver Mining—Common stock
preferred stock
x

Railroad Equipment Co.—Stock
Counou bonus.
(See
Coupon bonus, (see remarks below.)
St. Louis Bridge d Tunnel RR.—Bridge stock, common
1st

2d

Var’s.

preferred stock
preferred stock

1st mortgage, new, sinking fund
Tunnel RR. of St. Louis, stock

Mortgage bonds, income,
Plain income bonds

Butro

Tunnel—Stock.

1,000
100
100
100

1878

1,000
....

25
50
50

Southern d Atlantic Telegraph—Guaranteed stock
Spring Mountain Coal—Stock, guar. 7 per ct. by L. V
Sterling Iron d Railway—Stock
Mortgage bonds, series “A ”

1864
1880
1876

series “B”

1,000

1,000
10

L879

....

100

Northwestern Telegraph.—This company owns 8,000 miles of wire and
to Western Union for 99. years, with guaranteed dividends of

isleased

cent at first, rising one-eightli per cent a year to 6 in 1897 and
The bond interest is guaranteed.

afterward.

1876-90.

$ 2,500,000
1,180,000
12,000,000
5,911,000
30,000,000
20,000,000
2,000,000
1,000,000
500,000
5,000,000
429,500
2,500.000
10,023,800
445,000
820,000

908,000
52.500

5,708,700
4,291,300

500 Ac.

.

Mortgage bonds (for $2,000,000)
United States Exqrress—Stock

4 per

Amount

Value.

jforthwestern

(V. 33, p. 358.) “

Oregon Railway d Navigation.—Gem* earnings year ending June 30,
1880, $3,730,242; net earnings, $1,666,861. Am issue of $6,000,000
new stock was voted on Oct. 20, 1880, to lie sold at par to the stock¬
holders at dates in 1881, with a 10 per cent scrip dividend paid to the
stockholders when their last instalment was called for. The company

preferred stock of the Northern Pacific Railroad with cash furnished by
syndicate, and the control of both companies was transferred to the
Oregon A Trans-continental. (V. 30, p. 289, 409 ; V. {31, p. 196, 329,
313, 429, 511; V. 32, p 156, 232, 265, 313, 323, 336, 421, 501, 553, 687;
V.33, p. 48,177, 439.)
a

Rate per

Cent.
2
7 g2
6 g.

discovered In these Tables.

When

7
7
3

7

Where

Bonds—Princi¬

J.
J.

pal,^When Due.

Payable, and by

Dividend.

A J. N.
A J.

Y.,West. Un. Tel. Co. Jan. 1,
do
do
Jan. 1,
New York.
Nov. 1,
Q.-F.
J. A J. N.Y., Farm. L. A Tr. Co. July 1,

6
5 A 6
3
7 g.

2ia
2ia
3ia
7
7

6

1

1882
1904
1881
1909

Sept., 1868

....

J.
J.

A D. N. Y., 4th National Bk.
A D.
N. Y., Ill Broadway.
Q.-F.
F. A A.
do
do

6
New York, Office.
Q.-J.
1 *a extra 6.—F. N. Y., Farm L. A T. Co.
8 do
do
Q.—F.
8
do
do
Q.—F.
A. A O.
7
do
do
7 g. A. A O. Lond’n, J.S.MorgauACo

2*4
9^4
2ia

Stocks—Last

Whom.

Payable

3

500,000
(?)
2,500,000
2,490,000
3,000,000
4,773,500
1,250,000
948,000
1.500,000
2,300,000
60,000
418,000
495,575
18,920,000
600,000
7,000,000

June 1,
June 1,

May 1, 1881
Aug. 1, 1881
1877

Sept. 20, 1881
Feb. 15, 1887
Aug. 15, 1892
Oct. 15, 1888
April 1,1885
Aug. 17, 1881
Aug. 17, 1881

....

....

Q.-F. N, Y., Clark, Post A M.
do
do
Quar’ly

May, 1881
3

A. A O. New York and London.
LA. A O.
London.
A. A O. N.Y., West. Union Tel.
J. A D. N. Y., Company’s Office.
A. A O.
Feb.

mos.

to 5 yrs.

April 1, 1928
Oct. 15,1881
April, 1881
June

New York.

10,1881

April 1, 1883
April 1, 1894
Oct. 1, 1896

do

....

London.
New York, Office.

Q.-F.

1892
1892

Jan. 1. 1891

May 15, 1881

For five years past, ending J uly 31, a comparative exhibit of the
receipts,
expenses, profits and surplus applicable to dividends, shows as follows :

..

paid scrip dividends and had $900,000 scrip certificates outstanding -(V. 31,

June 30,1881. The company has lines in progress which will make 696
miles of main and branches when completed. The managers purchased
in February and March, 1881, a controlling interest in the common and

Ixi

INTEREST OR DIVIDENDS.

Size, or

Bonds

error

’

Interest,

Revenue.

Profits.

Expenses.
$2,570,639 $985,072
2,160,830
878,578
2,196,734
958,465
2,635,468
955,047
2,995,496 1,076,409

p.

327, 359, 333; V.

302.)

rentals, Ac.

$1,585,567
1,282,252

$493,579
451,866

1,238,269
1,680,421
1.919,087

429.890

432,479
455,867

Surplus.
$1,091,988
-

830,386

808,379
1,247,442
1,460,220

i2, p. 44, 336, 396, 579; V. 33, p

Quicksilver Mining.—Bonds paid off July, 1879. Validity of preferred
by N. Y. Court of Appeals, and in March, 1830, the
pref. stock was adjudged by the referee’s report $2,683.284, or $62 52 to
each share, hut this was modified by after decision. (V. 30, p. 314, 409,
466; V. 31, p. 124; V. 32, p. 336; V. 33, p. 178.)
stock sustained

Railroad Equipment Go.—This company leases
equipment to railroads
Oregon d Transcontinental.—This company was formed in June. 1881, on the “ Car Trust” plan, advancing cash for
the rolling stock and tak¬
and received from the “Villard Pool” an assignment of the stock of the'
ing obligations of the railroad companies running from 3 to 60 months,
Northern Pacific Railroad purchased by it. See V. 33, p. 12, 48, 256.
which cover the princfpal and interest of the special series of bonds
issued by the Equipment Co. running for similar periods, 'j^ejtitle
Pacific Mail Steamship.—In February, 1880, an agreement was re¬ remains in the lessor till last
payment is made, and then vests in the
ported between this company and the Pacific Railroads, by which the
railroad company Is to give to the steamship company a monthly subsidy purchasing railroad. In the meantime the title is held in trust by the
Fidelity Trust & Safe Deposit Co. in Philadelphia, trustee for bond¬
of $110,000, as against $60,000 formerly. The contract was for 5
years,
'
and applied only to California business. On April 30, 1881, the com¬ holders.
pany’s, liabilities were $1,761,598, which included loans due to Panama
St. Louis
.

RR. Co.,

Bridge
$1,400,000; .'demand notes, $90,847, and traffic account, 1878-9, $269,697; d Tunnel Railroad.—Net income in 1877-8, $219,598;
1879-30, $392,837; 1880-81, $312,333. The railroad

$77,301. Report for 1880-81, in V. 32, p. 575.
The following is a statement of the earnings and expenses for the
years ending April 30,1881 and 1880:
Earnings.

5

1880-81.

Atlantic line
Panama line
Victoria line

■

Trans-Pacific line
Australian line
Australian andNew Zealand subsidies
Central American and Mexican subsidies
British Columbia subsidy
Hawaiian Government subsidy
Interest and dividends on investments
.

..

1879-80.

$745,344
1,950,597
80,887
973,472
307,073
203,550
99,416
4,222
3,000
12,897

$600,915
1,531,677
201,978
930,657
321,215
176,411
118,366
38,000
6,500

18,225
4,050

Exchange
Total

$3,969,882

Expenses.

Atlantic line../...
Panama line
Victoria line

$456,416

...

$474,598
1,127,800
273,591
568,570
376,669
333,853
30,048

358,867
expenses

ships laid to

Miscellaneous.

...

32,524
93,289
144,033

133,327
201,365

Total

$3,172,705
earnings
1,229,942
-(V 28,p 42, 97, 402, 552, 554, 580; V. 29,
p. 512; V. 30,
V. 32, p.
265, 575, 613; V. 33, p. 102, 256.)

$3,519,821
450,061

Net

.a£e\\liwylvania
stock Board

p.

249, 565;

Anthracite Coal.—Stock and bonds admitted to N.

Feb., 1877.

Company failed Feb., 1879. (V. 24,

C°al—Liabilities at

a

minimum, and 12

desired* aym&Ut ot ^onds, due Augtist, 1881, will be

p.

p. c.

Y.

112.)

dividends

anticipated, if

oPalace Car.—For extension, of works
per cent new
oaa !Lie8u?d at par to stockholders of record April 2, 1881, and $2,000,im!!?1010 to stockholders of Sept. 3. Annual report V. 33, p. 302. The
<£> o<?-e ?n£ouut •for ^ar ending July 31, 1881, showed total receipts of
•

6’ a»ainst which

were

charged the following disbursements:

expenses, including legal expenses, general taxes
lasuranee, maintenance of upholstery and bedding
teased lines), and rebuilding association cars.... $1,076,409
SSlf Jease(1 lines
264,000
DftruWi

l^erest on bonds

j

soipTSlor tiio yoarV.'.v.'.'.v.'.v.'.'.v.'.'.'.v;: i:::::::::::::::::::::



Spring Mountain Coal Co.—Tills is guaranteed 7 per cent

1835 by Lehigh Valley Railroad.

per year

till

Sterling Iron d Railway.—The property of this company, in Rockland
Orange Counties, N. Y., consists of 25,000 acres of land, with fur¬
naces, &c., having a capacity of 15.000 tons of pig iron per year, and
and

1,126,258
82,588
538,288
340,441

Trans-Pacific line.
Australian line
Agencies
Extra repairs and
Interest

12,464
29,094
2,605

$4,402,647

Miscellaneous

and tunnel were sold under the mort. of 1873, July 1,1878. for $450,000.
Foreclosure under the 1st and 2d mortgages on the bridge was made
Dec. 20, 1878.
The above mortgage and $7,990,000 in stock were
issued under the reorganization. In 1881 the bridge was leased to the
Wabash St. Louis & Pacific.
Of the stock $2,490,000 is 7 per
cent 1st preferred, which is guaranteed 5 per cent for two years,
and then 6 per cent; $3,000,000 7 per cent 2d preferred, which is guar¬
anteed 3 per cent per annum; and $2,500,000 common. The common
stock is held by the Loudon Reorganization Committee. The coupons
due October, 1878, 1879 and 1881 on first mortgage bonds paid in
same bonds in April, 1881. The bridge and tunnel were worked together
and the net earnings divided in the proportion of five-sixths to the
bridge and one-sixth to the tunnel up to $450,000 and all over that
amount nine-tenths to bridge and one-tenth to tunnel.
(V. 29, p. 196 ;
V. 30, p. 623 ; V. 32, p. 659; V. 33, p. 22,125, 224.)

1911867

8*a miles of railroad, houses, Ac. The company endorses the $471,674
bonds of the Sterling Mountain RR. A. W. Humphreys, President, 42
Pine

Street, N. Y.

Sutro Tunnel.—Tunnel on Comstock Lode for facilitating mining oper¬
ations. New management elected March, 1880.
Annual report pub¬
lished in Chronicle of April 24, 1880. .Sec V. 30, p. 249. «V. 27, p.

529; V. 28, p. 147, 224, 302; V. 30, p. 249, 432.)
United States Exqnrss.—No reports.
United States
145,

Rolling Stock.—See reports, V. 26,

p.

289; V. 28,

p.

Vermont Marble Co —This company sold in 1880 $654,049 worth of
marble at a cost of $499,977. The statement to the N. Y. Stock Ex¬

change, March, 1881, said that the company’s property consisted of
some 800 acres of land, comprising seven quarries, located at West Rut¬
land, at Centre Rutland anu at Sutherland Falls, Vt.; valuable water
powers and extensive mills, many large and expensive buildings,
together with all the machinery, Ac., necessary to perfect their exten¬
sive works.
(V. 32, p. 335.)

Wells,‘Fargo d Company Express.—An increase in capital to $6,250,-

000

was

made in 1879.

(V. 28, p. 18.)

Telegraph.—On the practical consolidation with the
a monopoly of tele¬
graphing business in the United States. In 1879 the American Union,
opposition line was started under the auspices of Mr. Jay Gould. The
Western Union Co. divided up its surplus stock, making a scrip dividend
Western Union

Atlantic A Pacific in 1878 the Western Union had

of 17 per cent

to stockholders of record June 20, 1879. On Jan. 19,
dated the grand consolidation, in which the Western Union
raised its stock to $30,000,000, giving par, or $15,000,000, for the stock
and bonds of the American Union; 60 per cent for old Atlantic & Paeifla
1881,

was

BONDS.

MISCELLANEOUS STOCKS AND
Subscribers will confer a

great favor by

INTEREST OR DIVIDENDS.

of column headings, &o., see notes on first
page

of tables.

Date
of

Size, or

Bonds

Value.

1880

Sinking fund bonds, gold
Wells, Fargo dt Company Express—Stook
Western Union Telegraph—Stock
Real estate bonds, gold, sinking fund
Bonds, coup, or reg., conv. till May, ’85, sink. fd. 1 p. ct.
Sterling bonds, coupon (sinking fund 1 p. ct. per annum)

Par

1872
1875
1875

Union; and a stook distribution

shareholders. An irg unction was

Company was

’

changed bj

hapter 97, to‘The

JBlOO&c

of 38*4

obtained
the stock

Wester

"

"

the

Valley
'" “ "r—

issued^ centAug. $369,700, the
On
19, 1858, the

of
year, after the
scrip dividend of
issued. Three
$485,700
more scrip dividends were issued previous to the purchase of other
lines by issuing stock. They were as follows: July 16, 1862, 27*26 per
cent on the capital stock outstanding of $2,355,000; March 16, 1863,
100 per cent on the capital stock outstanding of $2,979,300, and Dec.
23,1863. 3313 per cent on the capital of $5,962,600, increasing the
capital stock to $7,950,700. About January, 1864, an arrangement was
made for the purchase of the Pacific Telegraph Company, a corporation
chartered in the State of Nebraska and authorized to buy, build and
operate a telegraph line from a point within the Territory or State east
of the Rocky Mountains to San Francisco. Its capital was $1,000,000.
The purchase was effected by an exchange of the Western Union stock,
issued for that purpose, for the stock of ike Pacific Telegraph Company,
$1,277,210.

Union
all west
Y. The
next purchase was that of the lines of the New York Albany & Buffalo
Company, by an exchange of stock amounting to $600,000; and the

Up to this time the lines owned by the Western
were
of Buffalo, and the chief executive offices were at Rochester, N.
“

gurenase of the New York & Washington Printingstock needed for this
like manner, for $116,500, followed. The
Telegraph Company
purpose was all issued between Jan. 1, 1864, and May 16. 1864. The
executive office remained in Rochester
1, 1866, when
1

a

it

until July

removed to New York City.
9 On May 11, 1864, a stock dividend of 100 per cent per share was
made, which increased the capital to $20,133,800. The increase
stock from that time to July 1, 1869, was as follows :
For Atlantic <fc Ohio Telegraph stock
.*
:
$833,400
68,000
For Erie & Michigan Telegraph stock..
5,700
For House Telegraph stock
3,800
For Pemberton & Golden, trustees, etc
was

of

77,000

For
For
For
For

For

m

cash

Syracuse & Binghamton Telegraph stock

Western Union bonds
Ithaca Telegraph stock
California State Telegraph

91,600

14,500
164,700
4,900
80,400

stock..

For Missouri A Kansas Telegraph stock.
For United States Telegraph stock
For United States Pacific Telegraph stock
For equalization of stock as per
For fractions
For Tnimansburg <fe Seneca Falls stock
For Hicks & Wright Repeater
For Lodi Telegraph stock
For American Telegraph stock
For Pittsburg Cincinnati & Louisville

consolidation agreemort

:

3,885,200
333,300
468,000
55,100
3,500
1,500
500
11,833,100

4,100

stock

capital stock
$41,063,100
1870, the capital was $41,070,610, and in January,
1873, $41,073,410. It remained at that figure until the present time.”
The stock was nominally ofthat amount, but only $35,084,975 was out¬
standing prior to June 20, 1879, when it was again watered, and a scrip
This made the total

“In January,

Jttl

dividend of 17 per cent
The last

declared, raising the stock to the above amount.

quarter ending Oct. 1,1881
follows, including in receipts about $400,000
(see V. 33, p 305.)

quarterly statement for the

(partlj' estimated), was as
realized from sale of stock
Net profits
Deduct interest on bonded debt
Sinking funds

|4 i




$107,000

20,000

$1,949,894

Rate per
Cent.

3,000.000
1,200,000
6,250,000
80,000,000
1,373,000
3,920,000
961,308

118865--793024

Where

When

Payable

Payable, and by
Whom.

\Jsorut8—PrincF
I pal,When Due.
Stocks—Last *
Dividend.

M. & S. New York and London.

1*4

$5,000,000

1,000
1,000

which ouly about three-fourths had been
tirst scrip dividend was declared, being 33 per
on
amount of outstanding stock. On Sept. 22
the same
amount of the’authorized capital had been increased, a
414*40 per cent on the capital stock of
was

the amount being

Outstanding

100
100 &c.
100
100

against the stock distribution and litigation ensued, but
dividend was permitted.
(See V. 32, p. 124, &c.)
In a history of the West. Un. Tele. Co., the New York World gave
following^ “ On April 4, 1856, the name of the New York <fc Miss.
>h

Amount

$....

United States Rolling Slock—Stock
Vermont Marble Co.—Stock

stock was given in new Western
per cent to Western Union

of any error discovered in these Tables.

giving Immediate notice

DESCRIPTION.

For explanation

[VOL. XXXIII

J. a"d.
J. & J.

T*

0)

Dec! iV 1910

New York,'

Offioe.

July 15,1881
Oct. 5, 1881
Office.
M. & N. N. Y., Union Trust Co.
May, 1902
M. & N. N. Y., Treasurer’s Office
May, 1900
M. & S. London, Morton, R.& Co March 1,1900

Q.-J.

lhi

Z*
6 g.

New York,
New York,

$300,000 $427,000
$1,522,894

Construction, &c
Net earnings for quarter
Deduct dividend for quarter

1,200,000

$322,894
127,258

Surplus for quarter
Add

surplus of June 30,1881

$450,152

Surplus Oct. 1, 1881

annual report published m the Chronicle, V. 33, p.
410, the following was given for the fiscal jrear ending June 30, 1881.
From the

The revenues, expenses and profits
to meet the claims of the Atlantic &

ing agreements) were as

(after reserving amount sufficient
Pacific Telegraph Co. under exist¬

follows:

1879-80.

6,591,455

Expenses

8,420,165

$5,146,639 $5,640,640
$3,280,276 $3,732,633

Net profits

From which there was applied—
For dividends (8 per cent)
For interest on bonds
For sinking funds appropriations

428.516

was

40,005

$3,748,793

With the surplus on

427.455

40,000

Surplus of net earnings for the year over divi¬
dends, interest and sinking funds appropria¬
tions

1880-81.

$11,738,094 $14,060,806

Revenues

$4,200,094

$1,397,846 $1,440,546

hand at the beginning of the flsoal year, July 1,

1880} the result for 1880-81 was’as
The surplus July 1, 1880, was
Add surplus for year as above
For construction of new lines

follows:

|

$403,255

and erection of

additional wires

purchase of sundry telegraph
patents, real estate, &c

For

1,440,546—$1,843,801
$1,041,657

stocks,

674,884— 1,716,542
$127,258

Surplus July 1, 1880.

This balance,

together with the balances of previous years, is rep¬

resented in the profits and disbursements of the company, for fifteen
years, from the date of the general consolidation—July 1, 1866. The

general exhibit of the company showed the nominal surplus to June 30,
1881, of $16,616,468, out of which the stock dividend was declared in
1881 to the amount of $15,526,590* leaving a nominal balance of
$1,089,878, which may go on as the nucleus for another stock dividend.
The following statement shows the mileage of linesand wires, number of
offices, and traffic of the company, for each year from June 30,1866,
to June 30,
Years.

1880-81

1881:

Miles of
Line.
.

..

..

..

..

..

..

..

..

..

..

..

..

..

..

37,380
46,270
50,183
52,099
54,109
56,032
62,033
65,757
71,585
72,833
73,532
76,955
81,002
82,987
85,645

Miles of No. of
Wire. Offices!*

75,686
85,291
97,594
104,584
112,191
121,151
137,190
154,472
175,735
179,496
183,832
194,323

206,202
211,566
233,534

2,250
2,565
3,219
3,607
3,972
4,606
5,237

Net

No. of Messages

Sent.

Receipts.
$

6,568,925
7,004,560
7,316,918
7,138,737
7,637,448
8,457,095
9,333,018
5,740
9,262,653
6,188
9,564,574
6,565
10,034,983
7,072
9,812,352
7,500
9,861,355
8,014
8,534 25,070,106 10,960,640
9,077 29,215,509 12,782,894
10,737 32,500,000 14,393,543

5,879,282
6,404,595
7,934,933
9,157,646
10,646,077
12,444,499
14,456,832
16,329,256
17,153,710
18,729,567
21,158,941
23,918,894

Receipts.
$
2,624,919
2,641,710
2,748,801
2,227,965

2,532,661
2,790,232
2,757,962
2,506,920
3,229,157
3,399,509
3,140,127
3,551,542

4,800,4-#)
5,833.937
5,908,279

-IV. 31, p. 21,121, 283, 306, 359, 383, 404,482, 560, 608, 653; V. 32,
p.43, 63, 68, 92, 124, 146, 156. 206, 232, 266, 289, 312, 5*7, 544, 637,
?
C87; V. 33, p.282, 305, 411.)

Oct.,

BANK AND INSURANCE STOCKS AND RAILROAD EARNINGS.

188 i.

STOCK

BANK
Capital.

Companies.

tlius(')

Mkd.
are

not Natl.

INSURANCE

LIST.
Dividends.

Surplus

Par Amount.

dates.t

$

$

7
7*2
100 3,000,000 1,636,900 J. & J.
6
7
1,647,800 M. & N.
Am. Excli. . 100 5,000,000
10
209,600 J. & J. 10
250,000
Bowery.... 100
J. & J.
16
3 6
Broadway.. 25 1,000,000 1,296,700 J. & J.
6
217,800
25
6I2
300,000
Butch’s’&Dr
7
517,900 J. & J.
712
100 2,000,000
Central
M. & S.
3
lOO
300.000
6
191,600
6
180,300 J. & J.
6
Chatham.... 25 450,000
Bi-m’ly.
Chemical.. - 100 300,000 3,547,400 J. & J. 100 100
6
188,200
6I2
Citizens’.... 25 600,000
10
15
100 1,000,000 1,734,300 M. & N.
City
J. & J.
8
8
Conferee.. 100 5,000,000 2,987,100
J.
7
3*2
Continental. 100 1,000,000 285,500 J. & A.
10
10
CornExcb*. 100 1,000,000 931,200 F. &
7
7
79,800 J. & J.
250,000
East River . 25
14,000 J. & J.
lith Ward*. 25 100,000
6
100
40,100 J. & J.
6
150,000
Fifth
100,000
285,400
Fifth Ave*.. 100
120
30
100
500,000 2,914,700
First.
6
7
100 3,200,000 1,303,900 J. & J.
Fourth
7
393,200 M. & N.
30
7
600,000
910,000 A. & O.
8
7ki
Gallatin .... 50 1,000,000
5
2*2
Germ’nAm.* 75 750,000 156,800 F. & A.
96,000 May.
5
5
200,000
Germ’n Ex.* 100
3
6
Germania*.. 100 200,000 102,200 M. & N.
6
6
30,000 M. & N.
Greenwich*. 25 200,000
366,100 J. & J.
7
7
Hanover.... 100 1,000,000
14
Imp.& Trad. 100 1,500,000 2,139,900 J. & J. 14
50
8
148,800 J. & J.
8
500,000
Irvins
4,400 J. & J.
3
100,000
City* 50
8
9
600,000
465,800 J. & J.
Leather Mir. 100
7
7
Manhattan * 50 2,050,000 1,054,000 F. & A.
3
100
111,900 J. & J.
7
400,000
Marine
100
8
71-2
500,000 329,300 J. & J.
Market
25 2,000,000 1,175,600 J. & J.
8
8
Mechanics’
4
84,200 M. & N.
500,000
512
Mech. Ass’n. 50
48,000
212
200,000
Mecli. & Tr. 25
181,100 j. & ,T.
3
Mercantile.. 100 1,000,000
747,400 J. & J.
7
7
Merchants’. 50 2,000,000
50 1,000,000
190,300 ,T. & J.
6
512
Merck. Ex..
99,300 J. & J.]
7
7
Metropolis*. 100 300,000
9
10 ■
Metropolit’n 100 3,000,000 1,346,700 J. & J.

America*.

90781

-

Q.-j.

Island

.

\ft

Afivrris*

100
100
100
100
100
100
70
'30
Oriental*... 25
50
Pacific *
Park
100
People’s*... 25
Phenix.
20
Produce*..
50
Republic.... 100
St. Nicholas. 100
Seventh W’djlOO
Second
ilOO
Shoe& L’thrilOO

Murr’y Hill*

Nassau*
New York
N. Y. County
N. Y.N. Ex.
Ninth
N. America"
North Riv’r*
..

....

.

Rivlh

ino

State of N.Y.) 100
Third
100
Tradesmen’s 40
Union
50
U. States
100
West Side*.. 100
...

Par.

Latest.

2,300
100,000
83,900 J. & J.
100,000
1,000,000 135,900 M. & N.
729,390 J. & J.
2,000,000
51,100 J. & J.
200,000
99,800 F. & A.
300,000
750,000
150,200 J. & J.
193,400 J. & J.
700,000
J.
75,700 J.
240,000
300,000
186,300 J. & J.
422,700
237,700 Q.-F.
2,000,000 1,002,000 J. & J.
115,600 J. & J.
200,000
246,300 J. & J.
1,000,000
900
125,000

1.500,000
500,000

300,000
300,000
500,000
200,000
800,000
1,000,000
1,000,000
1,200,000
500,000
200.000

764,700

F.
158,300 J.
59,200 J.
117,400 J.
180,600 J.
63,000 J.
405,400 M.
311,100 J.
355,700 J.
762,400 M.

&
&
&
&
&
&
&

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

22,600
126.700 J.

&

j.

July,’81.
Nov.,’81.
July,’81.
July.’81.

312
312
5
8

July,’81. 312
July,481. 4

Sep.,’81. 4
July,’81. 3
Sep., ’81.15
July,’81. 3*2
May, ’81.10
July,’81. 4
July,’81. 3*2
Aug..’81. 5
July,’81. 3*2
July,’76. 3
July,’81. 3

Oct., ’81.10
July,’81. 4
Nov.,’81. 3*2
Oct.,’81. 4
Aug.,’81. 3
May,’81. 8
May,’81. 3
May,’81. 3
July,’81. 3ks
July,’81. 7
July,’81. 4
July,’80 3
July,’81. 5
Aug.,’81. 3ki
July,’81. 4
July,’81. 4
July,’SI. 4
Nov.,’81. 2*2
July,’79. 2*2
July,’81. 3
July,’81. 3*2
July,’81. 3
July,’81. 3*2
July,’81. 5

Jan.

Alabama Great Southern—
(295 m.)..
(295 m.)..
1881...(295 m.)..

,£&ison Topeka & Santa Fe—

(786 to 868 m.)..
(868 to 1,167 m.)..
*(1,167 to 1,540 m.)..
(1.540 to
m.)..
Burlington Cedar Rap. <fc No.—
(425 to 435 m.)..
(435 m.)..
(492to 564 m.)..
I®81
(564 m.)..
Central Pacific¬
1880.
1881*

56,991
174,598
314,732
481,103
165,412

Bowery
Broadway...
Brooklyn (+).
Citizens’

t

...

City
Clinton

Columbia....
Commercial.

Continental t

Eagle
Empire City.

Exchange...
Farragut....
Firemen’s
Firemen’s Tr.
Franklin & E.
German Am.
Germania..
Globe
Greenwich
Guardian....
Hamilton
Hanover
Hoffman
Home
Howard
...

.

..

..

.

....

Import. & Tr.
Irving
Jefferson. ..t

Kings Co.C)
Knick’bock’r

Lafayette (*)
Lamar
Lenox

Long Isl.C) .t
Lorillard
Man.& Build.
....

Manhattan..
Mecli.&Trad.
Mech’nics’ (I)
Mercantile
Merchants’..

12
5
8
8

712
•

5
7
8
10
6
7
3

6I2
3

8
8 '
6
7
7

8

July,’81. 3
May,’81. 3
July, ’81. 4
July,’81. 4
Aug ,’81. 3*2
July,’81. 3*2
July,’81. 3
July,’81. 3*2
July,’81. 4
Nov.,’81. 2*2
July,’SI. 4
July,’81. 3*2
July,’81. 3
July,’74. 3*2
8
Aug.,’81. 4
6I2 July,’81. 3*2
6
July;’81. 3
10
July, ’81.10
8
July,’81 4
July,’81. 3
7
May,’81. 3^
7
July,’81. 312
7
July,’81. 4
10
May,’81. 5

12
6
8
8
7
6
3
7
8
10
7
7
3

12

$

Nassau(t)....
National....
N.Y. Eq’table
N.Y\ Fire....
N.Y. City....

Niagara
North River.

Pacific
Park
Peter

Phenix
Relief

Republic ...t
Rutgers’
Standard

Stuyvesant..
Tradesmen’s
Unit’d States
Westchester.

W’msburg C.

OF

March. April.
*

*

t

June.

$
30,438

45.344

58,293

$

$
400,000

582,698 14
74,945 10

*

10ki
10
20
18
20
20
10
11
10
13-65
15
10

10
15

8k}
11
7
10
14
10
30
7

12k}
20
10
10
5
10
8 k}
10
20
5
14
10
10
13
5
12
10
20
20
10
13
10
20
10
15
12
5
12
8
20
12
20
12
10
10

10
10
10
16
20
20
10
10

July,’81. 5
July,’81. 5
July, ’81.10
Aug.,’81. 8
July,’81.10
July,’81. 5
Aug.,’81. 5
July,’81. 5
July,’77. 5
10
July,’81. 5
13-77 July, ’81.7-35
15
Apr.,’81. 7ki
7
July,’81. 3*a
10
Aug.,'81. 5
15
July,’81. 6
7
July,’81. 5
10
July,’81. 5
11
July,’81. 6
10
July,’81. 6
12
July,’81. 5
10
July,’81. 5
30
July,’81. 7*2
6k} July,’81. 3
12k} July,’81. 5
10
July,’81, 5
10
Jan.,’81. 5
10
July,’81. 5
10
July,’81. 5
10
July, ’81. 5
7
July, ’81. 5
10
Mar.,’81. 5
20
July, ’81.10
none.

Jam, ’79. 5

10

July,’81.
July,’81.
July, ’80.
July,’81.
July,’80.
July,’81.
July,’81.
July,’81.
July, ’81.
July,’81.
July,’81.
July,’81.
July,’81.
July,’81.
July,’81.
Aug.,’81.

10
9
10
8
12
10
12

14
10
10
10
14
10
10
10

3 k}
13
8

5
3ki
4
5
4
6
5
7

5
4
5
5
7
5

5

5
Jam,’81. 3*2
July,’81. 7

Apr.,’81. 4
July, ’81.10
July,’81. 6
18
July, ’81.10
11
July,’81. 5
10
Juljr, ’81. 5
10
July, '81. 5
7
8k}
July,’81. 3ki
20
20
July,’81. 7
9-73 12-46 July, ’81.6-23
12
10
July,’81. 4
7
8*2
Aug.,’80. 3*2
10
10
July, ’81. 5
10
10
July,’81. 5
11
10
July,’81. 5
10
10
Aug.,’81. 5
20
20
July, ’31.10
2t>
12

295,367
508,608
654,090

299,610
546,182
696,966

125,141
111,924
188,325
148,551

115,277
100,132
141,652
184,680

July.
*

RAILROADS.
Aug.
$

Sept.

!

32,790
47,525
57,932

58,701:

249,481

329,559
469,456
657,586

23,263

304,636
603,582

410,808
747,012
1,066,000 1,186,000
677.863

101,015

139,490
116,950
149.504
165,630

*
40,049
62.541
70,704

84 807;

40,821
51,735

52,307

184,885
369,107

$

44,145

62,005

124,510

Last Paid.

Over all liabilities, including re insurance, capital and scrip,
(J) Brooklyn.
Surplus includes scrip.

May.

83,464

107,750

1878. 1879. 1880.

200,000
300,000 475,908 20
200,000 337,016 20
153,000
223,169 20
481,487 20
300,000
189,027 10*72
210,000
149,524 12
250,000
2,088 none.
300,000
97,722 18
200,000
1,000,000 1,401,861 13*40
300,000 645,070 20
200,000
76,694 10
87,411 10
200,010
134,322 15
200,000
76,989 10
204,000
150,000
70,672 11
200,000
155,677
1,000,000 1,168,071 10
858,171 22
1,000,000
200,000
143,137 10
200,000
375,453 30
200,000
23,131 7
150,000
135,960 17k}
1,000,000
864,796 10
200,000
5,001 10
3,000,000 1,758,627 10
500,000
176,928 10
80,434 10
200,000
200,000
19,856 10
200,010
301,811 10
150,000
205,767 20
280,000
6,694 5
108,979 16
150,000
200,000
9,680 10
7,719 10
150,000
300,000
167,702 16
300,000
16,183 10
200,000
190,417 12
94,020 10
250,000
200,0. )0
23S,414i20
175,G3ll20
250,000
200,000
29,150.10
1 49,088-10
200,000
91,533 12
209,000
200,000
169,528 20
37*2
200,000
130,064 10
35
341,884 20
210,(100
100
200,000
98,079 14
100
8,109 none.
300,000
50
627,455 11
500,000
25
350,000
103,532 10
25
200,000
402,453 30
100
200,000
113,408 12
20
150,000 213,515 20
50
200,000
109,397 12
50
1,000,000 415.999 15
50
200,000
36,662 10
100
300,000
27,312 5
25
178,373 20
200,000
50
175,845 6-23
200,000
100
55,042 12k}
500,000
100
350,000
30,650 10
25
200,000
143,706 14
25
79,566 10
300,000
241.190 12
25
250,000
10
300,000 166,015 10
50
250,000 495,989 20

PRINCIPAL

33,152

165,171

.

Sterling

47.829

147,196
97,277

..

Star

51,227
63,291

117,362
184,310

Cooper

People’s

33,094

478,331

’...

1881.*

Amount.

12

EARNINGS
Feb.

MontaukC)..

50
100
25
25
17
20
70
100
30
50
100
40
100
30
50
17
10
100
100
50
50
25
100
15
50
50
100
50
50
100
30
20
40
50
100
25
50
25
100
100
25
50
50
50
50
50

July 1,

110,179
153,378

205,912

68,187
466,162
516,765
674,229

Nov.

Oct.
*

49,600
61,155

46,046
67,563

Dec.

Total.
$
444,122

$
53,478
61,669

043,921

420,521

446,528

438,588

593,311
806.730

76-1,896

932,122

664,512
903,728

340,933
019,484
847,215

3,950,868
6,381,443
8,556,970

141,619
171,524
204,991

129,494
147,785
189,330

124 f 76

176,»C4
193,419

1,527,667
1,534,949
2,053,482

981,000 1,147,00J
95,007
107,990

104,443
122,827

138,897
154,795

143,432

160.160

179,804

174,351

209,112

221,801

(2,074 to 2,178 m.).. 1,110,989 980,528 1,228,592 1,529,255 1,590,889 1,393,852 1,533,702 1,726,667 1,769,477 1,773,089 1,537,493 1,432,918 17,607,451
(2,178 to 2,361 m.).. 1,089,166 1,056,691 1,280,272 1,406,600 1,579,591 1,443,088 1,458,833 1.556,457 1,649,429 1,809,022 1,488,142 1,335,870 17,153,161

a'S
]8<9
1880;--.
^1881+

CJ*£*aPeake &

2,199,466

151,240
148,074

137,769
179,161

1,930,539

Ohio—

139,045
102,077
198,681
184,389

149,359
132,172
222,762
228,479

150,310
162,611
221.559

227,343

<437m')-

300,187

357,297
327,370

335,999
335,393
542,961

S:

<W0m)(840 m.)..

f,.

487,890

461,041

548,675

528,860

620,473
511,415

& Quincy—

K
igA*
jS?

(1,650 to 1,709 m.). 1,045,467 911,150 1,169,831
^
n TOQ tn 1
(1,709 to 1,857 m.).. 1,105,098 982,377 1,071,738
(1,857 to 2,772 m.). 1,432.740 1,411,870 1,732.518
1,418,149
(2,772 to
m.)..
rr,

ri,8.81-

^ficaifo & Eastern
JSSV*

lllinois-

64,991
68,107
72,466
125,455

(152 to 220 m.).
Milwaukee

S

«fc St. Paul.(1,412 to 1,729 m.)..
(1,729 to 2,256 m.)..

iSV;

(2.256 to 8,7)5 no.)..

jgTQ

to 2,154 m.).
(2,154 to 2,293 m.).
293 to 2,624 m.).

41»*«^Nir,^Setr°n3-800m)(2,078
K

i*oi

-(2,778

to 2.941

Approximate figures,




m.).

705,805
591,176
764,298

991,000

58,903
60,363
83,265

58,504
67,025
88,278

110,396

123,977

349,883
616.128
,

189,053
215,695
259,110

212,746
224.092,

176,552
183,326

247.303

211,820

240,795

218,009

2,674,308

262,858

241,144

433,473
536,843

563,379
583,832

443,525
628,811

486,921
668,163

399,378

617.524

421,937

524,054

307,681
497,013

173,383
238,236
225.096

359,457
447,794

252,235

162,540

708,906

761,120

767.349

785,199

340,947
553,014
543,723

4,671,519
5,755,677
7,687,226

616,935

671,466

771,466

708,897

140,262

946,427 1,632.207 1,382,123 1,368,348
993,823 1,315,559 1,484,316:1,709,932
1,489,894 1,909,627 1,682,956 1,773,643 1,834,321 1,862.285:1,934,762
1,574,371 1,679,155 2,083,802,1,888,358 2,173,945
i

1,118,736 1,275,516 897,090
1,018,755 1,171,303 1,160,968

64,572
60,989
83,689
135,764

62,982
65,334
111.800
120,550

798,665
857,323

56,494
66,315
93,234
140,289

636,477

666,853
476,667

663,639

784,507

632,898

678,439

738,749

900.676

083,000

917,000 1,260,000 1,538,000 1,731,000

798,659
871.041 1,134,745 1,037,958

1,077,891 1,084,857 1,095,884 1,255,887
1,008,321
889,023 1,107,042-1,128,894
1,154.032 1,131,683 1,861,725 1,294,573
1,240,667 901,205 1,178,796 1,474,612

1,908,235

150,199
148,457
214,255
241,135

166.958
178,824
199,443

144,442
88,667
202,335

301,073
343,737

iwh?*®

1,905,222 20,508,112

(2,361 to 2,586 m.).. 1.200,614 1,070,487 1,373,438 1,856,716 1,778,488 1.724,950 1,840.067 1,973,438 1,964.907 2,120,229
(2,586 to 2,717 m.).. 1,602,907 1,454,218 1,709,638 1,872,370 2,091,411 2,159,382 1,899,346 2,059,000 2,293,000

CU&«>-£ A,ton-

*

$
33.941
55.401

Amer. Exch.

..

Jan.,’81,10
f Figures in this column are of date October 1, 1881, for the National
banks, and of date September 24, 1881, for the State banks.

MONTHLY

Americanl...

Dividends.

Surplus,

Companies.
Period. 1879. 1880.

LIST.

Net

Capital.

at latest

STOCK

lxiii

1,471,545
1,433,365
1,875,608
1,87>’,006

t August and September figures approximate.

67,030
66,437
114,129
125,884

83,884
75,300

131,717

72,494
82,049
131,904

82,006
92,975
130,891

601,101
696,776

1,296,082
1,327,679
1,837,860
-

75,167
88,477
128,597

1,070,525 14,113,503
1,438,107 14,779,715
1,552,018 20,454,494
63,329
80,025

810,066

128,981

1,299,011

873,456

153,808

647,460 522,487 076,368 823,722
773,173; 733,736 1,018,800 1,290,740
1,026,709 991,231 1.257,078 1,493,621
1.569.0U0 1,078,000 1,645,000

809,212

1,100,245
1,472,038

1,069,143 1,166,271 1,266,460 1,450,303 1,573,422 1,407,240
1,393,087 1.314.231 1,326,957 1,716,409 1,896,073' 1,558,476
1.671.177 1,699,686 1,767,939 2.020.245 2,105,217; 1,855,622
.[
2,306,440 1,983,038 12,315,164 2.217,711[

t September figures

approximate.

710,512 8,451,767
1,000,957 10,012,819

1,397,309; 13,086,119
1,080,838 14,999,740
1,325,815 16,098,378
1,477.902 19,416,009

RAILROAD EARNINGS.

Ixiv
MONTHLY
Jan.

Chic. St. Paul Minn. Sc Omaha—
1880
(682 to 936 m.).
18sl
(936 to 985 ru.).
Clev. Col. Cin. Sc Indiaunpolis—

(391 m.).

1878
1879
1880
1881*

(391 m.).
(391 m.).
(391 in.).

Denver & Rio Gramle1880
(337 to 551 m.).
1881
(551 to 963 in.).
Dee Moines Sc Fort Dodge—

(87m.).

1879
1860
1881

(87m.).
(87 m.).

East Tenn. Va. & Ga.—
1880
(508 to 900 m.5).
1881
(508 to 900 m.l).
Flint Sc Pere Marquette—

(293 m.).
(293 to 318 m.).

1879*

1880*
1881*

257,78(

Feb.

$
173,07*
158,59-J

March

1878
1879
1880
1881

$
259,78.3
251,64 4

$
259,20 3
L

204,42)I
l
3 49.41) J
3)30,07)J

267,44-4
230,86) 5
302,52 L
374,39.)

319,44* )
360.17- l

193,92: i
514,76

12.2520,06c

17,4152
25,909

16 22) ;
18.14) 1

17/I2k

16,471

26039

30.2213

24,20*

52,8S(>

182 44^

162.967

154 154

173,791

175,187

187,023

77,411
100,995
135.37C

77.52C
118,02-1

98,42"
147,013

119,880

150.587

16852!

127,171

239,205

205,88*

260,74)
319,041
362,561

241.315

212.94) >

272,791
*325,635

237,74;
*325,201

Illinois Central—
1878
1870
1880
1881

Western—

(212 m.)..
(212 m.)..
(212 m.)..

1870
1880
1881

International Sc Gt. Northern—
1878
(510 m.)..

82,934

80,408
90,283

(519 to 529 in.).
(529 to 571 m.)..
(571 to 722 m.)..

Louisville A Nashville—
1878
(966 to 073 m.)..
1879
(073 to 1,107 m.)..
1880
(1,107 to 1,840 m.)..
1881
(1,840 m.)..

1879
1880
1881

Memphis Sc Charleston—
1879*.

1880*
1881*

(330 m.),.
(330 m.)..
(330 m.).

Milwaukee Lake 8. Sc West.—
1878
(162 m.)..
1879
(162 to 205 m.)..
1880
(205 to 246 m.)..
1881*
(246 to 260 m.)..
Mobile Sc Onto—

(528 m.)..
(528 to 506 m.)..
(506 m.)..
(506 m.)..

1878
1879
1880
1881

Nashville Chatt. Sc St. Louis—

(349
(349
(349
(349

1878
1879
1880
1881

Central—

1879

1880
1891
New York Lake

m.) .
m.)..
m.)..
m.)..

400,13 1
600,19*i

406,5S 3
620,04 2

473,03* 3

408,50 2

349,19)3

3,478,067

22,03* 2

23.85 7
33,50 4

24,4933,32i <

17.29) 1
30,98 )

24,23.3
36,09.5

225 403

20,92.i

51,45)

47.51

220.001 )|

282,40*3
117,02 5

1.148 024

222,769.

123.57C

113,89*
153,951

151,ID2

160,58*

137,61)>

157,30i

1*33,69)J

214,22)
141,53c

232,72)
239,73c
242,214

207,91*
193,121
207,147

178,56'
253.23c 1
279,63:

*198.110

231,161 )
170,81( )
233,44*
*202,50'r

146,637

196,23"

2.920,994

2*32.12',

429,8(8

380.47'
382,23) -

227,079

289.381

409,36’

426.832
400,505
478,09*)

408,131

180.848.

.3*32,55:
305,4-11 )

432,475

443,10c

3,740,998

054,84(
807,859
880,211

625,201
631,31c
783,12(1

589.SD’'7,111,184
056,00;' '7,234,404
373,18*: 3,304,813

122,40)

120.7S5

110.02)

121,343

92,271
90,021

lOO.OSi " 1,160,743
104,611 1,223;079

176,35) j

190,81*

191, *31"
172,95(

138,80S

128,57(

165,551
188,121
*226,390

195,321

00,22)

SO,581
116,18c
102,351

103,55c

112.12C

100,125
122,280

79,495
80,541

115,595

95,627
85,7*3*:
102,631

90,37i

147,320
140,214
216,127

229,944!

99.81) )

224,312j

568,03
573,250

494,251
450,476
674,455
816,960

416.030

434,9191

361,513

430,63H

421,579;

306,08*;

575,035

612,503

805,124

947,950

563,88c
850,862

95,301

83.970

129,265

87,924
102,252

111,842

110,050

86,975
115,644
18,847

21,853
21,170

20,972
19,865

25.271

24.833

39,078

33,251
31,382

37,772
33,097

271,992
194,486
250,116

188,790
170,658
204,094

165,755
162,740
168,302

224,347

216,768
155,771
158,034
191,154

177,806
157,278
205,634
178,143

724.095

*717,094
88,549,
103,433

90,821
106.951
90.58-;

83.764

630,381
736,06)
800.83-

808.100 *813,01C
10 4,5*20
110,732

-

117.955 TT193,30'2

190,866

1

.

222,871
218,268
203.354

1,026,239
1.775,,861
1,953,594

.

681,811

5,355.102
6,007,386

949,185

9,491,344

66,066
125,731

131.250

142,101
157,593

873,109
1.168,545

28.671
87,995
40,125

24,975
29,797

21,614
35,906
41,255

250,131

71,701
267,084

309,694
309,300

251,368

290,586
310,020
287,373

2,127,497

264,714
137,194
109,958

156,994
174,245
182,087

149,552
185,053
175,990

1,631,681
1,800,878
2,049,448

428,992

...

49,092
68,632

80,132

90,031

91,387

35,395
104,734
90,837

18,411

18,012
22,782

22,700
30,001

18,013
23,742

10 560

21,308
34,211

19,721

43,777

44.557

24,940
35,902
47,732

115,325

103,731

90,341

110,494
140,091

117,593
129,249

230,016

163,551

145,803

101,252
106,147
140,593
184,247
*159,348 *209,044
136,517 *131,009

143,257
149,497
169,457
207,710

128,469
128,506
155,466

124,837
139,524
158,839
164,431

91,83a
105,047
144,155,
154,549

183,525

...

244,813
254,597

505,843

49,441
52,865
75,276

28,614

234,001

220,488
228,800
275,330

591,371
097,033
953,086

38,642

49,631

114,979

91,403

139,225

48.734

315,943

427,753

05.018

95,070
110,491
131,021

91,609
121,856

34,067
59,428

112,702
133,590
151,594

150,430

129,859
142,182
109,320
168,317

123,497
157,363
167,473

178,266

1,909,973
2,273,623

179.979

1,473,532 1,381,391 1,205,755 15,134,233
1,445,929
1,121,411 1,147,208 1,127,079 1,172,961 1,258,988 1,157,690 1,450,223 l,a38,271 1,713,097 1,515,835 1,398,245 16,509,120
1,492,495
1,207,391 1,356,780 1,372,755 1,350.574 1,230,419 1,273,532 1,006,873
1,786,417 1,899.910 1,797,338 1,726,788 19,489,366
1,252,218 1,644,958 1,643,15111,592,544 1,001,812 1,580,976

1,425,765 1,847,261 1,709,057 1,770,891 1,794,982 1,787,081 1.772,895

215,491

360,042

415,364

433,520

422,657

470,540
455,032

477,776
508,825

408.479

433,5aS

127,441
138,224
145,585
173,374

353,880
155,012
134,955
177,342
209,446
179,947
196,123 *212,86+

201.181
200,308

175,892
179,972

203,329

1,749,616

235,910

209,040

181,740

2,064,194

413,534
512,917

377,316
459,054

414,599
494,310

4,107,943

152,146
295,260

102,592
210,635
25)3,054

62,470
115,084

1.215,693
2.0)4,555

341,82-1
496,332

421,908

330,812
412,871
471,973

317,143
340,644
474,378

301,272
368,430
447,279

142,537
109,894
156,870

117,935
121,451
101,954

153,633

126,931
118,113
143,039
173,251

125,209
130,979
131,407
149,603

120,094
102.247
133,704

164,917

129,105
132,802
175,420
195,650

(322 m.)..
(322 m.)..

265,002

273,607
830,860

334,166

328,869

334,494

415.325

317,563
329,788

419 193

324,425
450,298

386,156

382,657

452,906

*386,130
487,272

405,588

487,287

440.811

m.)..
m.)..

as,433
37,014

m.)..
m.)..

57,845
108,075
119,358

148,679
204.195
217,613
305,292

130.061
198,744
261,209

113,850

41,741
44.658
77,25J
77,473

123,028
192,324
241,277
401,180

(647
(647 to 722
(722
(722 to 972

81.390

Pennsylvania—
(All lines east of Pittsburg & Erie)—
(+1.716 m.).. 2.396.296
1878
1879
(+1,716 to 1,806 m.).. 2.543.425
1880
(+1,C06 to 1,820 m.).. 1 3,083,551
1881
(+1,844 to 1,605 m.). ! 3.180,215
Philadelphia Sc Reading—

150,606

101,483
115,653
185,700
211,i90j

150,889'

315,307

308.270

198,108 2|396,302

235,642
250,493

294,713
384,982
380,125

298,647
412,365

210,856

249,8S5
267,514

205,056

219,891

(322 in.)..

1878
1879
1880
1881

732,75c

3,205:683

455.699
407,928
609,578
527,214
931,91] 1,000,326
827,089
*884,400 *905,300
817,135

183.700
215,271

(428 m.).
(428 m.)..
(428 m.)..

Northern Pacific—

601,977

419,240' 443,749

179,689
212,869

Norfolk Sc West.—(At.Miss.«fc O.)1878
(428 m.)..

1881

675,881;

772.537

51,980
58,026
74,007

60,259
63,115
84,406
18,90)
23,166
30,346

369,008,'

390,080 499,468
425,750
504,229
655,014
976,23d
828,726 1,227,885

1.83,845
212,019

(560 m.)..
(560 m.)..
(500 m.)..

1879
1880

„

92,398;
98,295
113,254:

76,171

149,908
173,614

oik Jl 0uiis iXu CJiiio

Northern Central—

1.997,305
2,561,391

2,022,823 2,194,422 2,546,029 2,922,376 2,898,586 2,801,835 2,846,210 29,367,432
(1,000 m.).. 2.024.812 2,210,301 2,474.392 2,214,626 2,211,011 2,053,477 2,863,316 3,022,855 3,000,027 3,095,198 8,047,541 2,833,403 33,606,418
2,593.613 2,317,231 2,854,885 2,782,324 2,540,998
(1,000 m.).. 2 404 713 2.293.463
|
2,668,250
(1.000 m.)..
1

Erie Sc West.— |
(928 m.).. 1,304,018
(928 m.).. 1,147,173
(928 to 1,000 m.).. 1,296.381
(1.C09 m.).. 1,443,437
New York Sc New England—
164,231
1880
(284 to 316 m.)..
189,749
1881
(816 to 356 m.)..

1879
1880
1881

I

.

580.578
681.730

<01,354

**

'237.664' *305.462

552,700
*

238,08

*215.30* i

1.597,445

155,25.

3

163,79*

*227,3.3

:

155,684
115,087
178,941
122,44*:
86,648
85,681
191,921
147,580
96,206
95,67(
*277,293
170,630 *172,004 *190,002, *253.499
81,705

110.31C
187,290

1878
1879
1880
1881

1879
1880
1881

290,24)j

158,75)

206.73c

82.952
89,960
83,261

3^l!725

107..35) )

137.45C
107,56)
179.39).
*191,941

143,07
158,31*
247,80'
*267,08*

4;440’515

146.03* 2

136,65s
1*34,07:

of

S/TSS’Sa

88,561

.

-

;

348,09 2

130,48*

139,931 i
165,44-1

174,52*

254,0U) *

277,72
380,42 3

...

135,495
161,818
159,543
172,470

'

x

I

608,527
533,83*
536,401
5ii,as«
(1.220 to 1,257 m.).. 624,651
575,401
492,59:
532,10
466.921
580,192
(1,257 to 1,275 m.)..
535.73*
605,12(
613,00* i
613.801
595,212
(1,275 to 1.321 m.)..
(1,321 m.).. *600,472 *402,851 ♦536,30c ‘632,061 *030,870

Indiana Bloom. Sc

New York

166,961
122,874

475,09 5
417,10 J

*109.64 7
308.71 4

79.41()
113.9a3|

73,99)
121.371

as,72:-

211.891 l
216,06

164,041

i

.

386,aa0

195.55 5

151,815
129,64t

115,901
160,70*

)

$

336,16 j
420,02) )
420,22 7

|

102,12c
130,74()

$

333,278
413,43 7
427,82 4
410,90 5

1

1

137.03C

267,89.3
358,82)J

113,81)
133,90) )

Total.

$

28,18 l
35,86 7

24,12

t

Dec.

373,13 2
548,28 1

18,041

27,73*

124,28154,41"7

$
3.00,83 3
355.18 2

Nov.

19,13 1

12.69C
18,771
24.90C

in.).

m.).
m.).

295,45 3
531,23) J

164,88* i
433,21*2

m.).
in.).

302,18 3
36)5,03)1

418,46' 7

273,81 7
312,70 0
450.183
389,76 1

258.34-1

160,8813
408,49*3

(501
(501 to 522
(522
(522

1878
1879
1880
1881

367,39 7

126,925
317,681

141,890
137,047
176,079
154,401

Central—

251,01,1

124,751 i
307,47)

233,78

$

392,70 2

215,64c
254,235
296,760
275,55'

m.).

:

Houston Sc Texas

$

Oct.

Sept.

Aug.

2363*9 5

238,234
317,415
313,97(

333,29):

(292
(292
(292
(292

in.).

July.

$
218,09*1
4U4,56„£

209,55* \
264,48* 1

261,21

RAILROADS-(Concluded).

June.

$
232,14- 5
350,12-1

m

m.).

May.

April.

.

(318

Hannibal Sc St. Joseph—

).

$
193,82'

EARNINGS OF PRINCIPAL

[Vol. xxxni.

240,820

,

500,748=

452,692

404,114
473,361

4,383,706
5,267,340

143,240

1,713,466

«**«»**

310,716

426,837

453,923
498,008

404.093

123,134
210,927
223,590

iai,osi
270,893
330,300
490,090

411,024

••••#■

•

349.091

5,050,387

215,343 2,595,151

j

......

i

1

2,499,286 2,509,805 2,503,442 2,380,200
2,003,06312,030,022! 2,708,695 2,390.810
3,278,186 3,488,366;3,417,916 3,221,470
3.844.304 3.760.372 3.856.897 3,807,137

2,536,733 2,972,601 2,858.646 3.215,419
2,782,906 2,982,718 +.3*30,528 3,518,144
3,449,64413,723,355 3,047,543 3,882,714
3.780.418 3.809.978 1,735,006

991,02811,286.014 1,498,658

2,16-2.900
2,538.030
2,944,576
3.095,614

779,481 1,408,674

1
987,721 1,402,792

3,131,997
3,574,913

2,005,290 31,636,731
3,453,925 34,620,277
3,517,828 U.260,006

1,683,022

881,650 !2,813.770

2,996.101

i

(800 ra.).. 673,980 525,410 695,3ai!
1.402,280 1,374,013 1,542,911 1,531,204 1,442,587 .5,351,184
957,215 877,865 L,041,142 1,142,83411,332,547 1.313,014 1,303,522
(800 to 892 m.)..
1,282,835 1,531.813 2,089,256 L,746,299
(S92 m.).. 1,316,089 1,085,162 1,400,389,1,496,330! 1,457,881 1.398,536, 1,835,725 2,U00,930 1,945,874
j
1,336,428 1,600,568 1,484,864! 1,688,302 1,707,295
1861
(892 m.)..
j
928,301
St. L. Alt. Sc T. H. Main Line—
72,96S|
100,235
70,375
81,760
91,891
74.S40
73,859
65,614
75,344
86.526
60,775
68,114
1878
(195 m.;..
110,41)7 1,010,542
100,963
114,229 110,682
92,363 105,648
09,109
63,210
70,202
66,728| 71,121
59,757
1879
(195 m.)..
101,950 1,417,663
110,099
1*36,706
143,881'
150,727
138,153
95.847
105,837
108,988! 213,51s 105.434
96,922
188 1
(195 m.)..
!
116,732 121,799
113,774
114,356
1881*
(195 m.).. 101,774 109,758 140,179 137,886 118,220
|
506,459
48,606
St. L. Alton Sc T. II. Branches—
51,254
44.265
56,548!
46,516
33,866
30.404
aS,465
39.013
36,288
3j,1o7
40,075
565,521
1878
(71 m.)..
52.460
64,751
55,210
63,786;
43,764
37,778
37.163
31,736
41,3*11
44,a87
44,204,
48,445
720,078
1879
(71 m.)..
82,553
52.924
72,074
07,589
77,982
60,032
52.032
44,370
47,028.
55,476
54,750
58,218
1880
(71 to 121 m.)..
65,500
62,563
48.995
44,900
51,540
64,110’
08,565
64,186
71,148
1881*
(121 m.)..
|
4G8.195 4J514,321
St. Louis Iron Mt. Sc Southern—
535,411
270.330
254,749 299,161 348,534 409,819 583,9+3f
(686 in.).. 375,522 341,318 344,198 283,101 302,641 281,920 332,100 403,316 591,075 724,713
1878
655,413 o?292,610
656,832
353,147 318,190
1870
(686 m.).. 831,029 aio.iei 451,569 408,241 349.053 363,454 432,655 505,809 071,219 688,305
656,95L 6,265,597
632,052
555,983 490,105
1880
(686 m.)..
►690,400
570,957 560,791 704,002 540,302 479,075 474,302 £33,512 644,330
1881
(686 m.).
St. Louis Sc San Francisco—
99,723 1,201,652
118,588
125,634
86,997 120,375 115,810
93,606
79,756
81,529
99,908
82.790
96,936
1878
(327 m.)..
216,332 1.072,432
203,276
202.210
221,082
186,711
126.007
89,019
88,418
81,402
85.679
92,878
78,823
1879
(327 to 492 m.)..
220,063 2,698,371
290,329
173.607
213,297 259,995 280,873 328,194
107,664
176,164
Mt
1880
(492to 597 m.).. 198,091 195,948 193,146 265,298 283,399 260,251 252,333 286,378 279,064
178,234 262,050
212,435
1881*
(597 to 635 m.)..
2.540,57a
170,007
226,695
St. Paul Minn. & Manitoba.—
190,349 241,339 188,940 225,054 291,202
268.657
239,991
1879
(563 to 656 m.)..
297,640 3,157,744
300,675
274,188
345,057
232,579
281.899
243,407
272,089
33*3,014
137.045
261,797
1878
1879
I860.’....

*Mir»

„

.

(656 to 860 m.)..

1880.%
1881
Scioto Valley—

1880

320,962

382,642

405,32i

387,483

414,954

#

.

,

.

.

.

•

.

.

24,579
28,005;

22,917

28,816

(444 to 583 m.)..
(583 to 883 m.)..

245,785
273,635

219,165
250,339

215,070
312,420

776,790

953,468 1 ,030,742(1 .189,478 1 ,178,950 1 ,501,203
918,773
892,025
978,629
759,451
818.922 1 .119.591 1 ,023.482 1 ,144,661 1 ,803.992 1,131,?51ll,542,838 1 ,490,026

(1,558 to 2,479 m.)..
(2.479 to 2.873 m.)..

„

485,736

20,608
20,351

811.617

*
Approximate figures.
+ And 66 miles of canal.
Teoeived from interest and dividends; this amount was
H
based on 508 miles—remainder of year on 900 miles.




425,685

20,549
21,930
21,712

Wabash St. Louis Sc Pacific—
1881

159,482

254,187

(100 m.)..
(100 m.)..
(100 to 127 m.)..

Pacific—

,

«

•

...

180.239

(860 m.)..

1879

1880
1881
Texas Sc
1880
1881

a

21,262
20,453
20,407

19,420
22,048

26,969

17,661
21,875
38,239

24,120
33,959

29,205

32,384

28,125
31,733

38,319

50,290

26.251

30.379

28,751

24,802

51,241
266,570
337,117

30,249
30,172

174,177

141,083

153,066

195,711

226,073

280,347

207,443

264,201

320,460.

354,0S2

•

303,666

312.184

301,853

•

•

^

292,408
317,063
Mm

2,754,408

......
'

: ,131,737

1,050,810 R2.428,112

% The August and September earnings in 1881 are approximate and do not include amount
$4,808 p2r month in 1830, $3,372 in 1879 and $5,069 in 1878.
I EarniDgs first six months are
Inclndi ig earnings of Ohio Division, 190 miles additional,

•