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RAILWAY AND
INDUSTRIAL
SECTION
OF T H E
C ommercial & f inancial C hronicle,
Copyrighted In 1910 according to Act of Congress, by W IL L IA M B . D A N A CO M PAN Y, In office of Librarian of Congress, Washington, D. C,
Vol. 91.
NEW
R ailway
Y O R K , O C T O B E R 2 9 , 1910.
I ndustrial
and
Section .
p o r t io n
to
c u t - o f f in
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LONDON OFFICE— Edwards & Smith. 1 Drapers’ Gardens. E C
le s s w it h
sam e
A N
D
E C O N O M
Y
I N
r e fe r e n c e s
a t t e n t io n
th e
o f
stea m .
th e
co a l c o n s u m p tio n
and
P r im a r ily
of
e ffic ie n c y
stea m
c o n s id e r e d
b y
th e
to
w it h
have
b e in g
cou n try
o b je c t
pow er
a
lo c o m o tiv e
e x p e r im e n ts
th is
im p r o v e m e n t
th e
m a n ife s t th e
th e lo c o m o tiv e
in
m ore
has
reach ed
of
of
of
w h ile
th e
in g
e c o n o m ic
in
som e
to
use
of
q u a rters
is
g a in
b y
c o n s tr u c tio n o f c o m p o u n d
th e
and
th a t h a v e
h ith e r to la r g e ly
in d ica te a
R e m a r k a b le
lo n g
life
r e s u lts
c a s h ir e b y r e fittin g o ld
su ch
any
a
w ay
in c re a s e
a b le
th a t
fit t e d
th a t
in
have
r e q u ir e d
to ta l stea m
b y
expenses,
a c t iv e
been
o b ta in e d
m ay
be
im m e n s e
o u ts id e
in te re s t
o f
o f
m ore
in
a
p a y -r o lls
in
th e
m o tiv e
d e s c r ib e s
su p erh ea ter
a d d it io n a l
a fte r
been
it
h ig h e r
and
fro m
of
a
has
heat
ev a p ora ted
tem p era tu re
c o n s id e r a b le
stea m
stea m
b y
th e
of
w ill c o n d e n s e .
in c r e a s e s
g e n e r a lly
th a n
o f ste a m
b o ile r .
heat m ay
n e a r ly
th e
stea m
e n g in e
has
It
econ om y
e n g in e
w ere
fo rm
a
so
a
an
pow er,
e x p e r ie n c e
h ave been
of
sh ow n .
t h e e n g in e e r
&
S a n ta
su p erh ea ters
lo c o m o tiv e s .
w o r k in g
o n ly
a
very
a
fe w
in
lo w
T h is
p r a c tic a lly
as
stea m
A
F e
th a t
B a ld w in
as
degree
su ccess
o f su p erh ea ter to
to
fo r
d r ie r ,
degrees,
in c r e a s e d
m ark ed
over
th e
b u t th e
fo u r
average
r e s u lts in
s e r v ic e a b ility
d em on stra te
of
th e
th e
v a lu e
o f su p e rh e a t fo r lo co m o tiv e
le d
to
th e a p p lic a t io n
a nu m ber of new
of
th is
c o n s o lid a tio n
a n d P a c ific t y p e e n g in e s a s w e ll a s t o s e v e r a l c o n v e r t e d
a d v a n ta g e
m o t iv e s
are
a ls o
su p erh ea ter
fir e t u b e
th e
of
so
w it h
Jacobs
or
r a d ic a l
a n oth er
ty p e
th a t
to
th e
m a in te n a n c e
S a n ta F e lo c o
it
fro n t-e n d
o f th e
can
s m o k e -b o x
be
a p p lie d
b a la n c e d
ch an ges
to
to
com pou n d
th e
b o ile r
or
T h e o p e r a t io n o f th is s u p e r h e a t e r a ffo r d s a n e ffe c t iv e
u tiliz a tio n
of
w a ste
su p erh ea ter
heat
has
of
th is :
w hen
flo w s
to
fro m
th e
th e
th e
fro n t
c ir c u la te s
fro m
th e
th e b a ck
o v e r tu b es
as th e
fo u r
th r o ttle
is
new
b y
th ro u g h
th e
su p erh ea ter
tu b es
o f th e
b etw een
dru m
c y lin d e r
fro m
b a ffle
th rou g h
w h ere
b oth
S a n ta
th e
p ip e
p la te s
F e
is
stea m
e x te n s io n
d ru m .
and
th e stea m
it
th e
th e stea m
opened
d ry
gases
in
B u c k -J a c o b s
p ressu re
S tea m
or
to
s u rfa ce
h ig h
rear
dru m
kn ow n
a p p lie d
c o m b u s tio n
b o ile r
h ig h -p r e s s u r e
e x h a u ste d .
th e
h e a tin g
T h e cou rse ta k en
m a in
or
over
in
e ffe c tiv e
been
M a lle t l o c o m o t i v e s .
e x h a u sts th ro u g h
pro
red u ced .
d e s ig n e d
w ith o u t
th a t
end.
th e
ex tra cted
w as
fit t e d
new
lo c o m o tiv e
lo c o m o tiv e
fro n t
b e in g
v a r ie ty
s im p le
fo u n d
th e
gas
d ir e c t
ton s,
of
b e fo r e
T op ek a
fo rm s
its
m e r e ly
and
a
T h e v o lu m e
in
been
a cted
A t
lik e
be
to
s t ill la t e r d e s ig n
th e
n e a r ly
a p p lie d
A
th e u se o f a
to
A tc h is o n
b o ile r .
d ep a rtm en ts
a p p lie d
behaves
am ou n t
it b e fo r e a n y p o r t io n
su p erh ea ted
is
th e
v a r io u s
is p r o b
o p e r a tin g
B y
been
of
th e
s a c r ific e
c o a l b i ll is
pow er
a
th e ir
d a y ,w it h
1 2 .5
decrease
1 8 % is s t a t e d t o
a
e q u ip m e n t,
an y
to
o f a stea m er
w it h o u t
as th e
o f l e a d i n g r a i lr o a d s is w e ll e x p l a i n e d .
w it h o u t
w ith
redu ced
o f coal per
h o r s e -p o w e r ,
w it h o u t
r a ilr o a d ’ s
and
2 2 % ,
h ave
t h e fu ll m e a s u r e o f a d v a n t a g e , a r e d u c t io n o f
years.
L an
a p p a ra tu s
am ount
th e la tte r ; b u t in a s m u c h
ite m
It
16 to n s
to
c o n s id e r
fit t e d
th e
opera
in
fro m
b e in g
c o s t o f th e b o ile r w a s g r e a t ly
m otor.
is o b t a i n e d
s t e a m -u tiliz in g
s in g le
of
on
been
e n g in e s ,
stea m
c o n s u m p tio n .
e n g in e s
exhau st
grea test
cost
th e
c o n s u m p tio n
N o t th e le a s t im
b o ile r s a n d in s t a llin g t u r b in e s in
lo c o m o tiv e s , b e ca u se o f th e
th e
th e
b e fo r e
a d d it io n a l p o w e r
s t a tio n a r y
w it h
in c r e a s e d
yet
coal
is
o f th e
p orta n t
a n d in d e v ic e s f o r u t iliz in g t h e e x h a u s t a n d w a s t e f a c t o r s
tio n ,
sam e
c o a l.
g r e a t r a ilr o a d s
a r t ic u la t e d
th e
r e q u ir e d
e n g in e s in p u s h e r o r h e lp e r s e r v ic e .
its p r a c t ic a l lim it s , b u t th e
con d u cted
in
are re p o rte d
fir s t v o y a g e
d ep a rtm en t
R y .
p r a c t ic e .
as
fo r
r e p o r t o n s u p e r h e a te r te s ts is s u e d b y
of even
abroad
su p erh ea ter
stea m ers
c o a l c o n s u m p tio n o f
A
econ om y
in d ic a te d
of
a
h a d g iv e n
e n g in e e r in g
so
800
on
and
su p erh ea ters
stea m
of
econ om y
fu e l
te c h n ica l p re ss
r a ilr o a d s
d e v e lo p m e n t
T h e
th e
of
a p p lic a t io n
g rea ter
th e
b e in g d e v o t e d
d ep a rtm en ts
to
in
on
s u p e rh e a t b e in g
O P E R A T I O N .
M any
T h e
su p erh ea ter
pow er
and
w e ig h t o f s te a m
t h e u s e o f s u p e r h e a t e r s is v e r y
E n g in e s
c e r ta in
tem p e ra tu re
s u p e r h e a te d th a n w it h s a tu r a te d s te a m
pressu re.
a b le .
in
s m o k e - b o x s u p e r h e a t e r fir s t a p p lie d t o a S a n t a F e t y p e
n tt,
S U P E R H E A T E R S
r is e
c y lin d e r th e
r e s u ltin g fr o m
have
WILLIAM B. DANA COMPANY. Publishers.
n
Front. Pine and Depeyster Streets,
P o st Office Box, 958.
New York.
its
th e
No. 2366.
p ip e s t o
expan ds
h ig h -p r e s s u r e
It
passes
and
is
c y lin d e r s
th e r e s p e c t iv e r e c e iv e r p ip e s in t o t h e
lo w -p r e s s u r e
b etw een
su p erh ea ter.
It
c ir c u la t e s
b a ffle p la te s a n d th e n c e e n te r s
th e
lo w -p r e s s u r e v a lv e s a n d c y lin d e r s t h r o u g h t h e lo w -p r e s
su re stea m
p ip e , e x p a n d s , a n d e x h a u s ts in to th e s ta c k .
A b ro a d , the Eastern R y . o f France, in bu ildin g a
consum ing centre is being appreciated b y the freigh t
series o f 70 lo com otives for fast and h ea vy service
tra ffic superintendents o f the railroads in th eir en
on lon g d ivision s, has set one aside fo r exp erim en t
d ea vo r to m eet the wants o f shippers and d e liv e ry
w ith
engineers o f the railroad com pany and p aten ted under
agents. T h e refrigerator is p la y in g a grea t p art in
the con veyan ce o f fru it and ve g e ta b le produce from
the
the W e s t and South to the E astern m arkets.
a new
nam e
design
of
o f superheater d evised
by
the
“ Surchauffeur H elico id a l cn Cascade.”
No
T h e first superheats
ra ilw a y president can afford, if his line is to keep pace
the liv e steam before it enters the high-pressure cylin
w ith those abreast o f the tim es in the art o f transpor
ders, th e second superheats the steam from an in ter
ta tio n , to allow his freigh t-car rollin g stock to becom e
It
is com posed o f tw o parts.
m ediate reservoir into w hich it passes from the high-
an tiqu ated or in efficien t.
pressure cylin der before it is ad m itted to the low -
forcib le argum ents which m a y be put forw ard before
T h is is one o f the m ost
One ad van tage o f the “ Cascade”
the In te r-S ta te Com m erce Com m ission in the present
form o f superheater is th a t it makes possible a notable
hearings upon the proposed advance in freigh t rates.
T h e orange and apple trans-continental freig h t
pressure cylinders.
reduction o f the tem peratu re o f the
steam
in
the
elem ents o f the superheater, dim inishing m a teria lly
trains
from
California,
equ ipped
w ith
re frigera tin g
the po A b ilit y o f the stickin g o f piston rods and slide
apparatus under the H arrim an regim e, h a ve induced
va lves, thus m aking it easier to m aintain the piston
an immense volu m e o f business.
packing and u tilizin g the service o f the superheater
fo llo w ed in turn b y the d evelop m en t of oth er types
to the best possible a d van tage.
In E n glan d m an y com panies h ave superheaters in
service and others h ave recen tly applied them , the
Schm idt system bein g the m ost e x ten sively u sed. T h e
G reat W estern R y . has equ ipped w ith superheaters
They
h ave
been
o f cars specially adapted to variou s articles o f com
m erce.
Thus we find
in the last few
m onths the
establishm ent o f silk trains on the G rea t N orth ern
system . V alu ab le cargoes from the O rient are now
trans-shipped
w ith
lab or-savin g
devices
on
the
about 200 ou t o f 2,500 locom otives in service. E x
ten ded stu dy was given to the subject b y the road s
w harves at T a com a , San Francisco, Seattle and oth er
engineers, and as the engines go to the shops tor new
flue sheets, th e y are being fitted w ith an ad aptation
across the continent.
C om petition o f the
know n as th e Churchward or Sw indon superheater.
brought about a dim inu tion o f tim e o f fiv e or six
T h e use o f straigh t elem ents so as to be easily accessible
and a m ore sim ple arrangem ent o f the collector and
days in the transit o f raw m aterial from the O rient
producing m arkets to our ow n m an u factu rin g centres in
other parts than has h ith erto been attain ed
the E astern States, th ereb y sa vin g considerable costs
terize this design.
Y ork sh ire
charac
T h e engineers o f the Lancashire &
and o f the
Lon d on
&
N orth w estern
are
N o rth Pacific ports, to be dispatched at express speed
trans-continental
o f insurance and ban kin g liabilities.
of
dom estic
produce
carried
by
lines
has
In the shipm ent
the
railroads,
the
conducting sim ilar experim ents.
T h ou gh the cram ped gauge o f B ritish railw ays as
refrigerator barges recen tly introduced b y the trunk
com pared w ith those o f the U n ited States p reven ts
this
lines are an interesting exam p le o f the d evelop m en t in
d irection .
N ew
Y ork
H a rb o r
is
essentially
v e r y much larger locom otives being bu ilt than those
adapted to the use o f floats and lighters.
at present turned out, y e t the tendency o f the last few
v e y perishable goods, fru it and package freig h t to the
years has been to increase g re a tly the w eigh t o f the
d istribu tin g points on M anhattan Islan d and around
rollin g stock to be hauled, and the constant im p ro ve
m ents being m ade show th a t there is still a consider
the harbor from the term inals on the Jersey shore of
able reserve fo r haulage p o w er le ft for steam locom o
Central on the N e w Y o r k side o f the Hudson R iv e r,
tives.
and the term inals o f the N e w E n glan d railroads on
F o r this reason ra ilw a y men and engineers are
w atch in g w ith liv e ly interest the trials o f the R eid -
the
Hudson,
the
freigh t
yards
of
the
Ih ese con
N ew
Y ork
the E a st R iv e r and L o n g Islan d Sound.
F reigh t th at has been brought in refrigera to r cars
R a m sa y loco m o tive o f the N o rth British L o co m o tive
Co., which is a com bination o f steam and e le c tric ity in
3,000 miles is in danger o f deterioration in this process
the sam e m achine.
is generated in a boilei
o f trans-shipm ent at the N e w Y o r k term inals, espec
o f the usual lo co m o tive ty p e , fitted w ith a superheater,
ia lly where the car itself, ow in g to local obstacles, is
Steam
3,000
unable to be taken righ t into the d istribu tin g m arket.
revolu tions a m inu te. T h e turbine is direct-coupled
to a continuous-current dyn am o, which in its turn
O cean-going vessels ly in g at th eir piers in N e w Y o r k
H a rb o r find trans-shipm ent b y lig h ter m ost con ven ien t.
supplies en ergy to fou r electric m otors w ork in g on to
E xperien ce proves that under the local conditions the
the d riv in g wheels.
B y some such a lo c o m o tiv e is
bulk o f the cargoes brou ght or taken b y the great
looked upon as m ore or less a freak, but it is obvious
tran s-A tlan tic liners o f the com bined passenger and
th at it m igh t find a v e ry useful place fo r itself b y
freigh t class is transferred m ost exp ed itiou sly in this
g iv in g the advan tages o f greater fle x ib ility ,
w ay.
whence it passes in to
a turbine running
at
higher
T h e refrigerator barges, in consequence, p ro
acceleration and faster suburban services w ith o u t the
vid e against the fru it and dressed m eat and oth er
expense o f costly installations.
I f successful, m ore
perishable articles suffering dam age before th ey pass
over, it w ou ld be eq u a lly adapted to the handling o f
into the refrigera tin g store-room s o f the steam ships fo r
goods tra ffic , including all shunting operations, thus
rem o vin g one o f the m ost p oten t argum ents against
their jo u rn ey to the E uropean m arkets.
A live-stock car ju st ex h ib ited at W ash in gton b y
the use o f electric traction on m ain lines.
the
first
In tern a tion a l
H u m ane
Conference
by
the
Pen n sylvan ia R R . fu rth er instances the im p rovem en t
o f freigh t cars.
Com pared w ith the first live-stock
C A R S .
car used on the road in 1854, there is alm ost as much
N e w types o f freigh t cars brou ght into operation b y
difference as m igh t be im agined betw een N o a h ’s A rk
various railroad com panies show the constant effort
and the latest m odel o f a freigh t tran sportation unit.
being m ade to g iv e easier carriage and p reven t d eteri
oration o f liv e stock and perishable goods in course
from the W estern ranches and from the stock yards
o f transit.
of
S P E C I A L
F R E I G H T
T R A N S P O R T A T I O N
T h e enorm ous m arket o f N e w Y o rk as a
E v e n under present conditions liv e stock in transit
Om aha
and
Chicago
suffer
considerably
before
arrival at the abbatoirs in New York or in England.
The new live-stock car is set upon an improved super
structure with graduated truck springs equipped with
friction-draft gear and automatic attachments. The
dimensions are 35 feet 11 inches in length, 8 feet
5 inches in width, 8 feet in height, with a capacity for
24 head of cattle and 22 head of horses. The roof of
the standard car is very different from the covering
of branches of trees which used to be placed over the
tie bars to afford shade.
The damage to the animals, with consequent loss in
meat value, was due in old days to the shocks caused
by the bumping of the cars through the loose couplings
before air-brakes came into use for the simultaneous
stopping of the whole train. Not only on grounds
of humanity but because of the commercial importance
of operating freight cars economically, the introduction
of improved cars must be of benefit to railroads and
shippers alike, as well as increasing the dividend
earning power of the railroads.
building of a connecting link from Amarillo to Roswell,
thus bringing into its system the natural resources of
the Pecos River, while a new cut-off from Texico to
Galveston gives the products of the territory a direct
outlet to tidewater. Developments in New Mexico in
the territory of the El Paso & Southwestern are of the
same nature. All these extensions mean the filling
up of great masses of blank space in the Southwestern
States. Twelve years ago there were only two lines
running across Oklahoma. To-day the railway maps
show the new State cross-cut in all directions by the
steel tracks. It hardly needs the prophetic instinct
to predict that in another ten years New Mexico and
Arizona will be marked like Oklahoma with a net
work of railway lines. The immense area of Texas
may take a longer period for a similar transformation,
but the result is inevitable, though Mr. ILF.Yoakum
of the 'Frisco Railroad in his recent letter to local
promoters says that railroad construction is checked
by the unnecessarily severe statutes of the Texas
Legislature. Texas needs double its present railroad
AMERICAN RAILWAY MAPS AND WESTERN mileage and should secure it at the rate of not less
than 1,000 or 1,500 miles annually. But this means
DEVELOPMENT.
“ Look to your Maps” was a favorite maxim of a an outlay of from S35.000 to 840,000 per mile, and
great European statesman of the end of last century, under present circumstances the inducements for
lie constantly impressed this dictum upon his diplo investors to furnish the 8420,000,000 for building and
matic agents abroad. Upon more than one critical equipping this new mileage are not promising. Never
occasion he checked the ardor of those who sought theless, the present railway map shows that Texas,
his aid for their too ambitious schemes in frontier or the largest State in theUnion,has fifty-two counties in
territorial disputes by insisting on the geographical which the whistle of a locomotive has never been
evidence of historical charts. His cold analysis based heard. Nine-tenths of its fertile land is beyond ten
on references to natural boundaries, the physical miles from a railroad and only 12 per cent of the
features of a country, and the traces of prior settle available acreage has adequate railroad facilities.
ments shown on existing maps, even in parts of the
To bring these magnificent distances within ken, so
world little known or thoroughly explored, served to that the railroad builder and traffic developer may
dissipate not a few visionary projects and enabled duly appreciate them, maps on a big scale are a
him to avoid many entanglements with other peoples necessity. Mr. Harriman believed in their use and
and international contentions. In this he was a had them ever before his eyes. When he conceived
notable contrast to predecessors in his office, whose his plans for the development of his Pacific lines, he
ignorance or carelessness in geographical science would draw his pencil on the map from point to point
betrayed them into ridiculous blunders that sometimes in a direct line wherever he noticed an opportunity for
proved costly to their country.
a cut-off. Ilis construction of the line across Salt
It would be difficult to estimate the important part Lake was an example of this practice of his and its
played by maps in the development of the United building was undertaken within a few weeks of his
States. Most of all have the railway maps been an mapping out the direction which lie intended the new
index of the opening up of the country and the settle line of the Union Pacific to take, with the location of
ment of great unoccupied areas which have developed stations at regular distances along the track in prac
into prosperous commonwealths of the Union. In tically desert localities. The first great map con
this country the railroads in the West have not, structed for Mr. Harriman on which he used to work
except in one or two main instances, followed beaten out his railroad problems was drawn to the scale of
tracks or old highways, though in traversing the ten miles to the inch. It showed the western part of
continent and crossing the llockies to the Pacific they the United States only, coming East no further than
have had to make use of certain natural gateways. Ohio. For the Western Pacific, which has within
The pioneers of the transcontinental lines and their the last few weeks come into full operation, an even
successors who are pushing out branches and feeders larger map has been made, to show the routes of this
in the Western States have had a clean slate on which new Western road from the Coast to Rio Grande and its
to draw their lines. On the virgin prairie the railways affiliations across the continent eastward under the
drawn with uncompromising directness have created Gould system. The map hung in the board room of
their own towns and centres of population. They the Missouri Pacific Railway offices at New York is
have seized on the fertile soil of river valleys, and the largest roller map ever made, measuring 35 feet in
under far-seeing prospectors are stretching into water width and 48 feet high when unrolled. Its scale is
less regions which artificial irrigation on a large eight miles to the inch, and it shows the entire countrv,
scale is destined to make as bountiful as the districts excepting a part of New England, from ocean to
most favored by nature in the way of moisture on the ocean and from the level of the great Canadian trunk
Pacific Slope.
lines down to Panama. Every inch of steam railway
A discounting of the possibilities of the future in in the territory is shown, with the prominent topo
rich traffic returns is the explanation of recent acquisi graphical features displayed in color contrasts, as
tions by trunk lines of small original roads. An well as the different railway systems and independent
instance of such is that of the Pecos Valley railroad lines. The Gould lines stand out in a broad red line
) urchase by the Atchison Topeka & Santa Fe and the with the Western Maryland conspicuous in the same
color and a net-work of lines above and below stretching
from the headwaters of the Chesapeake across the
United States to the San Francisco terminus of the
newly opened Western Pacific, a few inches of dotted
lines indicating road under construction or projected
near Pittsburgh.
The names of places added to the map by the
Western Pacific for its stations are in the great majority
of cases at present nothing but names. In contrast
with the previous maps of the territory, however,
they fill a conspicuous void. The Government survey
is still incomplete over large areas of the Western
country and the pioneer plans of the railroad have
consequently the greater value for topographical
purposes. Before the present map was constructed,
with its trail of places along the route of the Western
Pacific, there was not a name west of Winnemucca in
the State of Nevada. Experience of the other roads
built in the first decade of the century shows that the
wayside halting places of the trains have speedily
become the centre for townships with stores and of
homesteads for settlers who are quick to occupy them.
The new transcontinental line has fought its way into
actual operation against severe obstacles. The per
sistence and courage with which the project of another
transcontinental line has been carried out on an
independent basis, in the face of the keenest rivalry
of powerful competitors, and without the Government
aid which enabled the first Pacific lines to be built
are an indication of the spirit of progressiveness that
has dominated the Gould directorate.
AMERICAN AND ENGLISH RAILWAY
RETURNS.
At a time when the Inter-State Commerce Com
mission is overwhelmed with the complaint of shippers
as to traffic rates, and the whole fabric of rates indeed
is in the crucible, its members may well envy the
comparatively light burden of the corresponding
tribunal in England. The Railway and Canal Com
missioners of the British Board of Trade, who stand in
the same relation between the Government and the
railways as the Inter-State Commerce Commission in
this country, had to pass upon only 280 complaints
during the years 1908 and 1909.
Since 1888, when the statute prescribing the regula
tion of rates came into effect, there have been in all
1,806 complaints preferred against railway companies.
These were classified under the following heads:
(a) Rates alleged to be unreasonable or excessive in
themselves; (b) alleged undue preference of particular
traders or particular descriptions of traffic; (c) in
creased rates; (d) classification; (e) delay in the con
veyance of goods, question of owner’s risk, rebates,
through rates and miscellaneous. In 1908-9 out of the
cases submitted, 91 resulted in settlement, or partial
settlement, more or less to the satisfaction of the com
plainants. The cases not followed up by the com
plainants numbered 62; the cases in which an amicable
settlement could not be effected numbered 122, and
there were still five cases under consideration when
the report was issued recently.
The statute under which the Railway Commissioners
work is rather of a permissive nature, and this accounts
for the large proportion of cases where no settlement
was reached. In several instances where it appeared
that ground for complaint existed the Board of Trade
were unable to induce the companies to make pro
posals to which the complainants could agree. In
the two years covered by the report there was an
increase in the number of cases dealt with by the
Board of Trade, as in the two preceding biennial
periods the numbers were 243 and 146 respectively.
Judging from the fact that the Act of 1887 to
regulate inter-State commerce was modeled to some
extent after the English Acts of 1854 and 1873, known
as the Railway and Canal Act and the Regulation of
Railways Act, it is not unlikely that the Inter-State
Commerce Commissioners when called upon to lay
down for themselves fundamental principles for the
framing of rates will again seek help from English
precedents. Of course, as Commissioner Lane re
marked on his return from the International Railway
Conference at Berne, the problems that we have to
deal with in the United States are very different from
those of European countries. The United States in
an economic sense is a railroad-made country, whereas
the railroads in Europe were superimposed upon
previous well established systems of transportation.
The American railroads represent 47 per cent of the
railroad mileage of the world, and one single system in
the United States has as many miles of railroad as any
government that was represented at the ^Congress.
The national character of American railroads in
bringing the extremes of a vast country together
accounts in part for the efficiency of the American
railroad; but in the process of building up the system
the growth of a code of railway law has not kept pace.
The English laws have undertaken to regulate capital
ization and railroad operation and have solved partially,
and in some cases satisfactorily, problems which
are still only being grappled with here.
Owing to different bases of computation and vari
ation in the meaning of terms employed, it is not easy
to make a close comparison of the statistics of American
and British railroads. In a general way, however,
some useful observations may be noted in contrasting
the annual returns of the two systems. The Parlia
mentary Blue Book giving the returns of the railway
companies in the United Kingdom for 1909 of capital,
traffic, receipts and working expenditure states that
the total amount of paid-up capital was $6,570,000,000.
The average rate of dividend was 3.15 per cent on the
ordinary capital, as compared with 2.99 per cent in
1908. The gross receipts of the railways in 1909
amounted to $600,000,000, an increase as compared
with 1908 of 0.2 per cent. There was a saving in
working expenses, mainly due to a reduction in the
price of coal, of 1.8 per cent, leaving net receipts
$225,000,000. Taxes levied by the Government and
local authorities consumed $25,050,000— the highest
amount on record. The total train mileage, including
mixed trains, showed a decrease of 0.9 per cent and
amounted to 419.2 million miles. The greatest
relative decrease was in freight trains, namely 2.2 per
cent, but this was due only to better economical work
ing, the average receipts per train mile from freight
traffic having been steadily rising for some years past.
The average for 1909, in fact, 92.76d., was the
highest recorded. With passenger traffic the tendency
has been in the opposite direction. Last year the
receipts from passenger traffic were $255,000,000, in
round numbers a decrease of 0.9 per cent, and from
freight traffic $295,000,000, an increase of 1 per cent.
At the end of 1909 the total length of the running
track of the railways of the United Kingdom was
39,622 miles, to which may be added 14,350 miles of
sidings, making an aggregate of 53,972 miles. There
were 204% miles worked solely and 229% partly by
electricity.
Against these may be set the following figures given
by Poor’s Manual of American Railways. The track
mileage (length of road) on December 31 1909 was
238,456. The gross earnings were $2,513,212,763, an
increase of 4.41 per cent, and net earnings $852,153,280
an increase of 18.72, as compared with 1908, which
was a very poor period, being the year after the
panic. The capital stock was $8,030,680,963, an
increase of 5.09 per cent and the funded debt $9,
118,103,813, an increase of 3.75 per cent. The
revenue per ton mile was 0.757 cent and the revenue
per passenger mile was 1.936 cents.
RAILROAD COMPANIES.
FOR MISCELLANEOUS COMPANIES, ETC., SEE PAGES 138 TO 168, INCLUSIVE.
E X P L A N A T O R Y . — This Supplement Is expressly Intended for use In connection with the Investment news and official reports published from week to
week In the “ Chronicle.” Frequent reference Is therefore made to the volume and page of the “ Chronicle” (as V. 88, p. 000) where fuller Information
may be found. Following also each statement Is glYen a reference to the latest news Item In the "Chronicle” respecting the company. As every
such Item contains a reference to the last preceding Item, the reader can run back over the company’s history at pleasure. Annual reports are In
black-faced figures.
I n d e x . — Any company not In regular alphabetical order may be found by means of the Index, on another page, to roads leased and consolidated.
D i v i d e n d s . — The d i v i d e n d s tabulated In the text are those actually p a id during the calendar years named, Irrespective of when e a r n e d .
N e t e a r n i n g s are given after deducting operating expenses and frequently taxes, but not Interest, rentals or other fixed charges.
S e c u r i t i e s . — These are described In table at head of page (except the stock, for lack of space, sometimes only In text below) as follows:
Miles o f R o a d . — Opposite bonds, this means the miles of road owned covered by the mortgage.
S i t e o r P a r V a l u e . — Shows (In dollars unless otherwise marked), the denominations or par value, "100, Ac. ” signifying *100 and larger.
R a te P e r C e n t . — The Interest and dividend rate p e r a n n u m Is here shown: g, gold; cur, currency: x, extra; s. stock or scrip.
W h e n P a y a b l e . — J A J stands for January and July; F & A , February and August; M A S, March and September; A & O, April and October; M A N
May and November; J & D, June and December; Q-J, quarterly from January; Q-F, quarterly from February; Q-M, quarterly from March.
B o n d s P r i n c i p a l W h e n D u e , E t c . — This column shows the date when the bonds mature and the amount and date of the la st dividend.
A b b r e v i a t i o n s In table: M for "mortgage” ; gen M for “ general mortgage” ; con M or consol M for “ consolidated mortgage” ; Inc M for “ Income mortgage” ;
g for "gold ” ; c or cur for “ currency” ; guar p & 1 for "guaranteed principal and Interest” ; cum for "cumulative” ; non-cum fo r '“ non-cumulatlve” :
conv for “ convertible Into stock at holders’ option” ; pref for "preferred” ; s f for “ sinking fund” ; 1 gr fo r’ ’land grant” ; r “ fully registered (no coupons” ;
c “ coupon” ; c* "coupon, but may be registered as to principal” ; r* reg., convertible Into coupon bonds; br "branch” ; end “ endorsed” ; red, “ redeem
able” ; dr’n or drawn, “ subject to call when drawn by lot” ; p m , “ per mile” ; as’d, "assumed” ; x , “ payable without deduction for any tax.”
M o r t g a g e T r u s t e e s and Stock Transfer Agents (TR Treasurer’s Office) are Indicated thus:
NEW YORK CITY—
Ba — Bankers’ Trust
Ca— Carnegie Trust
Ce — Central Trust
Ea — Equitable Trust
F — Farmers’ Loan A Trust
Q — Guaranty Trust
K — Knickerbocker Trust
Ma— Manhattan Trust
Me— Mercantile Trust
Mp— Metropolitan Trust
N — New York Trust
— Standard Trust
8
N Y C IT Y— [C o n c lu d e d )
Ta
— Trust Co of America
Un — Union Trust
Us — United States Trust
Usm — U S Mort A Trust Co
CHICAGO—
AC — Amer Trust A Sav Bk
FC — First Tr A Sav Bk
1C — Illinois Trust A Sav Bk
MC — Merchants’ Loan A Tr
NC — Northern Trust
BOSTON—
AB — American Trust
BB — Boston Safe Dep A Tr
IB — International Trust
NB — New England Trust
OB — Old Colony Trust
C — Royal Trust
SB — State Trust
BALTIMORE—
C — Union Trust
ST LOUIS—
BBa — Balt Trust
VVC— Western Trust & Sav Bk A\St— Mississippi Valley Tr
CoBa — Continental Trust
SSt — St Louis Union Trust
FBa — Fidelity Trust Co
SAN FRANCISCO—
LOUISVILLE—
MBa — Maryland Trust
CL — Columbia Finance A Tr CS — California Safe Deposit
MeBa— Mercantile Tr A Dep FL— Fidelity Tr A Safety V
& Trust
SBa — Safe Dep A Trust Co L L — Louisville Trust
B
PHILADELPHIA—
FP — Fidelity Trust
OP — Girard Trust
OuP— Guaranty Tr A S Dep
PI P — Provident Life A Tr
PeP — Penn Co for Insur on
Lives A Gr Ann
W P — West End Tr A S D
PITTSBURGH—
CPi — Colonial Trust Co.
FPi — Fidelity Title A Trust
PPi — Pittsburgh Trust
UPi — Union Trust
Subscribers will confer a favor by giving immediate notice of any error discovered in these tables.
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia tio n s , A c . , s e e n o te s o n fir s t p a g e ]
A d iron d a ck R y — See D elaw are & H u dson C o.
A k ron & B a rb erton B elt— 1st M s f (te x t) g - U s m .c * A r
P r e f s t o c k 6 % * 4 ,0 0 0 .0 0 0 - -----------------------------------------F irst M g e x t In 1908 (V 85 p 1645, 1 4 6 0 )-----------F .c
G eneral m tg e £ 1 ,1 6 0 ,0 0 0 ............................................C e .c
C ar tru st *5 0.000 due sem l-an n g o l d ...........................N
Do
*74 ,0 0 0 due s a gold (V 8 2 , p 8 6 7 )------Do
Series E , d u e * 5 0 ,0 0 0 s .-a . ( V .8 8 ,p . 1559)
A labam a M id la n d — Sec A tla n tic C oast L ine R R .............
Ala N O T e x & P a c J e t— P referred “ A ” s to c k 6 % c u m .
D eferred “ B ” s t o c k ------------------------------------------ ----------“ A ” d eb en tu re redeem able a fte r 1910 at 1 1 5 ............. c
“ B ” d eben tu res In com e redeem a fte r 1910 at 1 1 5 . . c
“ C ” deb en tu res Incom e s u b j to call a n y tim e a t 100
A laba m a le n n c s s e c & N orthern— 1st M g o ld ( t e x t ) . K
A laba m a & V ic k s b u r g — S to c k (sec te x t) .........................
V ick s b u rg & M eridian 1st M g o ld * 1 ,0 0 0 ,0 0 0 .F .x c *
A la b a m a & V ick sb u rg c o n 1st M * 1 ,8 0 0 ,0 0 0 g - .C e .c
2d M orlg *700 000 g (1st M on 8,2 9 7 a c r e s ).C e .c
A lb a n y & N orthern— 1st M g o ld ($50,000 are p r c f ) . . c
A lb a n y & S u sq— S to ck d iv id e n d s g u ar b y D & H (end)
1st M *1 0 ,0 0 0 ,0 0 0 g gu p & 1 c o n v ( t c x t ) .U s m .c * A r
A lb a n y & V erm on t— S to ck 3 % gu aran teed b y r e n ta l.
A lberta & (it W a t — 1st M d e b *7 ,4 0 0 ,0 0 0 g gu t e x t . .
A lg o m a C & II B a y — 1st M g gu red 105 t e x t .U s m .c *
A lleg h en y & W e s te rn — S to ck ($ 3 ,5 0 0 ,0 0 0 )-----------------First M * 2 ,5 0 0 ,0 0 0 g old g u ar p & 1 ( e n d ) ---------G .c*
A llegh en y V a lley— See P e n n sylva n ia R R .
A llen tow n T erm in al— 1st M guar p & 1 (end) g - .C e .x c *
M ile s
R oad
D a te
B on ds
___
1902
290
___
___
____
1878
1888
1905
1906
1909
61
143
143
143
143
35
___
142
12
___
___
66
66
1890
1890
1890
1006
____
1881
1889
1889
1896
____
1906
____
1009
1010
____
1898
3
1889
Par
V a lu e
*1,000
50
50
1,000
£10 0
1,000
1,000
1,000
R a te
W h en
P a y a b le
%
$1,009,000
J
4 g
7,83 0 ,0 0 0 See t e x t.
3 ,3 8 0 ,3 5 0 6 In 1910 F
1,750,000 5 (6) g
J
£ 8 1 0 ,0 0 0
.T
5 g
*450,000
4M g F
81 4 ,0 0 0
M
4M
900 ,000
J
4M
A
A
A
&
&
A
A
L a s t D iv i d e n d
a n d M a tu r ity
D Ju n e 1 1942
J u n e 27 *10 2%
A A u g 2 9 ’ 10 3 %
J D e c 1 1927
D D ec 119 27
A T o F e b 1915
N T o M a y 1 1916
J J a n 'l i - J u l y 19
£10 £1,500,000 See t e x t. M arch M ch '1 0 . 2 M %
£10 £2,500,000
£ 5 0 <5cc
£ 7 4 8 ,8 5 0
M A N N o v 1 1910 40
5 g
£ 2 0 A c £ 1 ,0 4 8 ,3 9 0 .
M A N N o v 1 1910-40
5 g
£20 Ac
£ 8 1 0 ,6 5 3
A A O N o v 1 1940
5 g
1.000
$546,000
A
A O O c t 1 1956
100
See t e x t 7 in 1910 Y e a rly
S e p t 2 1910 7 %
1,000
1,000,000
A A o A p r 11921
6 g
100 A c
588,800
A A o A p r 1 1921
5 g
100 A c
447,400
A
A o A p r 1 1921
5 g
1,000
A
400,000
5 g
J
J Jan 1 1946
100
3,50 0 ,0 0 0
12.45 J
A
J J u ly 1 ’ 10 4 M %
1,000 A c See te x t
A
A
o A p r 1 1946
3H g
100
3
M A N N o v 15 1 9 1 0 1 M
600,000
1.000
See t e x t
.1 A
J Jan 1 1959
5 g
£100
3 ,7 5 0 ,0 0 0
A I) Ju n e 1 1960
.1
5 g
100
A
3,20 0 ,0 0 0
6 g
J
.1 J u ly 1 1910
1,000
2 ,0 0 0 ,0 0 0
4 g
A A o O c t 1 1998
1,000
AKRON & BARBERTON BELT RR. — O w ns a b e lt line aro u n d B a rb er
t o n , O ., a n d also ex ten d s t o Falrlaw n an d A k ro n , O .; to t a l, 4 0.2 m iles. A
c o n s o lid a tio n In M ay 1002; V . 74, p 1088. S t o c k , * 1 0 0 ,0 0 0 , o w n e d e q u a lly
b y th e C leveland A k ro n A C o lu m b u s, B a lt. A O h io , Erie R R . and N orthern
O h io R y . B on d s a u th ., * 1 ,5 0 0 ,0 0 0 ; Issued, $ 1 ,1 0 0 ,0 0 0 ; $ 9 1 ,0 0 0 red eem ed
b y sin k in g fu n d ; $ 40 0,00 0 reserved fo r fu tu re req u irem en ts. D raw n a t 105
y ea rly fo r sin k in g fu n d o f $ 11 ,550 per a n n u m .— ( V . 7 8 , p . 259 8.)
ALABAMA GREAT SOUTHERN RR. — (See M a p Sou thern R y . ) — O w n s
W a u h a tc h le , T e n n ., to M e rid ian , M iss., 291 m iles; leases W a u h a tc h le to
C h a tta n o o g a , 5 m iles, a n d B e lt. R y . of C h a tta n o o g a , 49 m iles; o w n s half
In tere st In W o o d sto c k A B lo c to n R y . , 8 m iles; tra ck a g e to G ad sd e n , A la .,
8 m iles; to ta l operated, 358 m iles.
O R G A N I Z A T I O N .— C on trolled b y S ou th ern R y ., b u t o p e ra te d Inde
p e n d e n tly . V . 81, p. 1722; V . 8 2 , p. 159. O w ns $ 8 3 3,30 0 s to c k o f S o u th
w estern C on stru ction C o .r c ce lv c d In e x ch a n g o fo r $ 83 3,30 0 C incinnati N ew
O rleans A T ex a s P a cific s to c k .
D IV ID E N D S —
’ 0 1 . '0 2 . ’ 03. ’ 0 4 . '0 5 to ’ 0 8 . 1909.
1910.
C om m on s t o c k . . ............... ......... 0
0
0
0
0
J u n e , 2 Ju n e, 2
P ref. s t o c k ____________________ 9
9 10
9
0 y e a r ly
0
o
B O N D S .— G en. m tg e. 8s, £ 4 8 4 ,0 0 0 , will retire first 0s an d deben tu res.
T h e fu n d ed arrears o f pref. divid e n d s w ere In F e b . 1906 e x ch a n g e d fo r an
e q u iv a le n t a m o u n t o f 4 % o b lig a tio n s gu ar, b y S ou th ern R y .: rem ain der
ou ts ta n d in g Ju n e 30 1 9 1 0 , $79 ,8 9 3 , all to be p aid o ff b y F e b . 1 1911. V . 81,
p . 1722; V . 82, p. 159.
L A T E S T E A R N I N G S ./191 0_________ G ross, $ 7 4 0 ,0 2 1 ; n e t , $21 2,12 2
2 m o s ., J u ly 1 to A u g . 3 1 .\ 1909_________ G ross,
5 85 ,300 : n e t, 154,451
A N N U A L R E P O R T .— R e p o rt fo r y ear e n din g Ju n e 30 1910 In “ C h ron
ic le ,” O c t . 29 or N o v ., sh ow ed : G ross, $ 4 ,2 2 1 ,0 0 6 ; n et, In clu din g o u tsid e
o p e r a tio n s , $ 1 ,1 8 1 ,3 6 1 ; o th e r In com e, $ 30 1,24 4; d e d u ctio n s , $ 55 4,03 3; ba l
a n c e fo r s t o c k , *928 ,572 - p re f. d lv s . ( 6 % ) , $ 2 0 2 ,8 2 1 ;c o m . d l v . ( 2 % ) , $ 1 5 6 ,
600 ; b a !., s u r., $ 5 6 9 ,1 5 1 .— (V . 89, p . 1276.)
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL
W AYS ( L t d . ) . — A n E n glish c o . c o n tro llin g A la . A V ick s b u rg , 143 m iles;
V ic k s . S h r e v e p o rt A P a c ., 189 m .; N ew O rleans A N o r. E a s t., 196 m iles.
D I V I D E N D .— P r e f. “ A ” , 3 M % M ch . 10 1908; 2 M % M ch . 1910; o v e rd u e
a b o u t 159 M % .
S E C U R I T I E S O W N E D .— A la b a m a & V ick s b u rg $30 000 1st m tg e ,
$35 2,40 0 2d m t g e ., $14 1,10 0 c o n s o l, m o rtg a g e an d $ 5 8 1,50 0 s to c k ; V ic k s
bu rg S h re v e p o rt A P a cific, * 1 ,6 1 3 ,0 0 0 g e n . m t g e ., * 2 ,0 8 0 ,1 0 0 p re f. and
* 2 ,7 7 3 ,5 0 0 c o m . s to c k ; N ew O rleans & N orth E a ste rn , $ 5 ,1 9 5 ,0 0 0 g e n .
m t g e ., *1 ,5 0 0 ,0 0 0 Incom es an d *5 ,3 2 0 ,0 0 0 s to c k ; S o u th w e ste rn C o n s tr u c
tion C o ., $44 8,70 0 stock ; R a ilro a d L a nds C o .. *108 850 (n f <120 000) s to c k .
C O U P O N P A I D — F or:
'9 4 . ’ 95. '9 6 . ’ 97. ’ 98. . . . . - 0 . ’ 01. '0 2 t o ’ 09.
" A ” D e b e n tu r e .................... % 5
5
5
5
5
5
5
5
5 % yea rly
“ B”
do
.....................% .875 1
2M 2M 4M 5
5
5 5 % yea rly
VC’
do
----------------- % . _
..
..
._ 1 H - 2 % 5 % y e a rly
E A R N I N G S .— In c a l. y ear 1909, net fro m In vestm ents w as $17 8,99 5;
p aid general expen ses (£ 4 ,4 7 9 ), In com e ta x ( £ 1 1 ,0 2 9 ), Interest o n “ A ” d e
ben tu res (£ 3 5 ,4 1 4 ), on “ B d eben tu res 5 % p aid In J a n . 1910 (£ 4 9 ,5 8 0 ), on
“ C” d eb en tu res, 5 % paid D e c. 1 1909 (£ 3 8 ,2 5 3 ); s in k , fu n d to e xtin gu ish
d e b e n tu re d is c o u n t, £6,500; b ro u g h t In fro m 1908, £ 6,546; d lv . p re f. “ A "
( 2 M % ) . £35,391; b alan ce, surplus, £ 4 ,8 9 5 .— ( V . 90, p . 558.)
ALABAMA TENNESSEE & NORTHERN RR.— O w ns R e fo r m , A la ., on
M ob llo & O h io, to E m elle, 61 m iles, c o m p le te d A u g . 1910. S to c k a u th o r
iz e d , * 1 0 ,0 0 0 per m ile: o u ts ta n d in g , $55 0,00 0.
O f the b on d s ($ 1 ,5 0 0 ,0 0 0 a u th o r. Issue), $23 2 ,0 0 0 w ere Issued against
th e jflr s t 29 m iles, $30,000 h ave been Issued fo r a steel b rid g e o v e r the
A m oun t
O u ts ta n d in g
450 .000
4 g
J
A
J J u ly 1 1919
P l a c e s W h e r e I n te r e s t a n d
D iv i d e n d s a r e P a y a b l e
U S M tge A T r C o , N Y
F a rm L A T r , N Y ; A B o s
G ly n , M ills, C A C o, L o n d
B lair A C o N Y
N ew Y o r k
London
G ly n , M ills O A C o , L on d
do
do
See t e x t
K n ic k e r b o c k e r T r C o ,N Y
C en tral T r u s t C o , N Y
do
do
do
do
do
do
H a m b le to n A C o , B a lt
D el A H u d s o n C o , N Y
do
do
T roy, N Y
See te x t
N Y , M on treal A L o n d o n
A Iselln A C o . N ew Y o r k
do
do
N ew Y o r k an d P h lla
T o m b lg b e e R iv e r , $ 1 0 ,0 0 0 w ere Issued fo r a steel brid g e o v e r th e N o x u b e e
R iv e r , rem ain der Issuable a t th e r a te o f $ 8 ,000 per m ile fo r a d d ition a l
m ile a ge , b u t o n ly w hen th e net earn in gs o n c o m p le t e d m ileage fo r th e p r e
v io u s fiscal y e a r are e q u iv a le n t t o in terest o n bo n d s t o b e Issued In a d d ition
to b o n d s o u ts ta n d in g , and $26 0 ,0 0 0 fo r e q u ip m e n t o n th e basis o f 10-1 lt h s
o f c o s t o f e q u ip m e n t.
V . 8 3 , p . 1036.
G uarantees J oin tly w ith T o m b lg b e e
V a lle y R R . th e M o b ile T e rm in al & R y . 1st 6s ($50 0 ,0 0 0 a u th . Issue), o f
w h ich $ 17 5,00 0 o u ts ta n d in g .
V . 91, p . 7 1 6 . F o r y e a r en d in g Ju n e 30
1910, gross, $86 ,4 8 3 , again st $6 1 ,7 1 5 In 1908-09; n et, $ 4 8 ,3 2 7 , again st
$ 3 3 ,0 9 5 . F o r 2 m o s . e n d in g A u g . 31 1910, gross, 8 1 5 ,4 7 9 , aga in st $11,261
In 1909; n et, $7 ,5 7 4 , again st $ 5 ,7 9 4 .— V . 91, p . 716.
A L A B A M A & V IC K S B U R G R Y .— O w ns V ic k s b u r g t o M eridian , M iss.,
an d b ran ch , 143 m iles. C o n tro lle d b y A la b a m a N ew O rleans T e x a s A
P a cific J u n ctio n C o ., w hich see.
S T O C K .— S to ck w as Increased fro m $ 1 ,0 5 0 ,0 0 0 t o $ 2 ,1 0 0 ,0 0 0 In Ju n e
1910, th e new s to c k being p r e s u m a b ly d istrib u te d as a 1 0 0 % s to c k d iv id e n d .
D I V I D E N D S .— 1890 to 1892, 3 % y e a r ly ; 1 8 9 6 ,3 % ; 1897 to 1899, 5 % ;
1900 t o 1902, 6 % y e a r ly : 1903, 9 % ; 1904 to 1910, 7 % y e a r ly . S to c k
d iv id e n d 5 0 % In 1909 an d 1 00 % In 1910.
B O N D S .— * 1 ,0 0 0 ,0 0 0 co n so ls are held to retire V ic k s . A M eridian firsts.
E A R N I N G S .— 2 m o s .,J 191 0 __________ G ross, $2 7 8 ,4 3 6 ; n e t, $ 96 ,804
J u ly 1 t o A u g . 31.
\ 1909__________ G ross,
2 4 6 ,0 8 8 ; n et,
6 5 ,062
R E P O R T .— F iscal y e a r en ds Ju n e 3 0 .
R e p o r t , V . 8 9 , p . 1594.
Y ears—
G ross.
N et I n c . * 1 n t.,& c. B a l.,S u r .
D ivid en d .
$ 44 2,02 8
(7 % )$ 1 4 7 ,0 0 0
1 9 0 9 -1 0 ---------- $ 1 ,6 7 2 ,3 5 0 $ 5 6 2 ,4 6 5 $ 1 2 0,43 7
1 9 0 8 -0 9 ---------- 1,526,357
3 59 ,428 169,761
189,667
( 7 % )7 3 ,5 0 0
* In clu d e s $ 49 ,430 fo r a d d itio n s a n d b e tte rm e n ts In 1908-09; In 1909-10,
( ? ) .— (V . 87, p. 1295: V . 89, p . 1222, 1594; V . 90, p . 1361.)
ALASKA NORTHERN R A IL W A Y . — P r o je c te d fro m S ew ard o n sou th
c o a s t o f A la sk a n o rth to near F a irb a n k s, o n T a n a n a R iv e r , 450 m iles. O f
th is, 70 m iles fro m Sew ard n orth w ere In o p e r a tio n S e p t. 1 1907, an d 42 m iles
p a r tly c o n s tr u c te d .
P r o je c te d 30 m iles to co a l fields an d 300 m iles to
Id a ta r o d g o ld fields. A n n u al r e p o r t w as in V . 87, p . 281. S u ccessor to
A lask a C en t. R y ., fo re clo s e d O c t . 11 1909. V . 89, p. 1140, 1222. S to ck
a u t h ., $ 3 0 ,0 0 0 ,0 0 0 .
P re s., O scar G . L a beree, S p o k a n e , W a s h . — (V. 89,
p . 1222.)
A L B A N Y & NOR TH ER N R Y . — See page 165.
A L B A N Y & S U S Q U E H A N N A R R . — (See M a p D elaw are A H u d so n .)—
R O A D .— O w ns A lb a n y to B in g h a m to n , N . Y . , 142 m iles.
L E A S E D fo r term o f ch a rte r, v i z ., 1 5 0 y e a r s fr o r a A p ril 1 9 1 8 5 1 , to D el. A
H u d so n C o .; rental w as 9 % p er a n n u m o n s to c k (see g u a r a n ty , V . 56, p .
7 7 4 ), b u t th e co u rts h a v in g held th a t th e s to c k Is e n title d t o th e b e n efit o f
refu n d in g effected In 1906, * 1 2 0 ,7 5 0 a d d itio n a l rental w ill b e p aid In Jan .
y e a r ly , b egin n in g 1910, m ak in g 3 .4 5 % a v a ila b le fo r e x tr a d iv id e n d s on
th e s t o c k . A special d iv id e n d o f 3 0 % ($1,0 5 0 ,0 0 0 ) w as p a id N o v . 16 1909
fro m the p roceeds o f th e Judgm en t fo r b a c k ren tals d u e b y reason o f re
fu n d in g . V . 89, p . 1141, 1666; V . 90, p . 913.
B O N D S .— T h e $ 1 0 ,0 0 0 ,0 0 0 3 M s Issued t o re fu n d th e $10 ,0 0 0 ,0 0 0 6s an d
7s A p ril 1 1906 w ere In Jun e 1905 o ffe re d a t p a r p ro ra ta t o sto ck h o ld e rs o f
th e D . A I I . T h e b o n d s are gu ar. p . A I., an d u n til A p ril 1 1916 c o n v e r ti
ble Into D . & H . s to c k — $500 s to c k fo r $ 1 ,0 0 0 b o n d s. O f th e b o n d s. * 3 .555,000 h a d been co n v e r te d to O c t . 1910.
V . 8 0 , p . 1174. 1362, 234 3.
F o rm o f g u a ra n ty , V . 8 2 , p . 989.
P res., G e o . P . B u tler; S e c. a n d T r e a s ., W .L . M . P h e lp s . N e w directors
(O c t . 1 9 0 9 ), V . 8 9 . p . 106 8.— ( V . 8 9 , p . 1666; V . 90, p .9 1 3 .)
ALBANY & VERMONT RR. — O w ns road from A lb a n y t o W a te rfo rd J e t .,
N . Y ., 12 m iles.
Leased t o R en sselaer A S aratoga In 1860 and n o w op er
ated b y D elaw are A H u d son C o . A n n u al rental, * 2 0 ,0 0 0 .
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, A c . , see notes on first page]
M ile s
Road
A lton J a c k s o n v ille & Peoria R y — 1st M $80 0,00 0 g o ld
A m a d o r C en tral— 1st M gold (2 % s f begins 1 9 1 3 )____
13
Ann A rb or- -First m tge $7,0 0 0 ,0 0 0 g o ld
A lp .x c*
292
E q u ip b on d s, ser A gold due $33 ,000 s e m l-a n n ..B a
A r g en tin e C en tral— 1st M red 1912 at 106- _ _ ...............
A riz o n a E a stern — Glia Vail G1 A N 1st M g g u ____ M p
125
A rk a n sa s Lou isiana & G ulf— 1st M $ 6 ,000,000 gold
143
A rk a n sa s t'k la & W e « f— 1 st \i $1 .250 000 g (te x t) Usm
A sh eville & S p a rta n b u rg— See S ou th ern R y ., C arolina D lv .
Ashland Coal A Iron— S t o c k . _________________________
22
F irst refu nding m ortg a g e $40 0,00 0 g o l d .......... ......... N
81
A storia & C olu m bia— First m tg e $ 8 ,0 0 0 ,0 0 0 _______Cc
A tch ison & Eastern B ridge— 1st M g s f red a t p a r - -C c
___
Atch Top & Santa Fe R y — S t o c k , co m $ 2 5 0 ,0 0 0 ,0 0 0 -___
S tock pref $ 13 1,48 6,0 00 5 % n o n -c u m ...........................
142
C h icago & St L ou is 1st M ($10,000 p m ) c u r ___F .c
440
C h ica go San ta Fe A C aliforn ia 1st 5f g o ld , . BB.c*<5cr
8.341
G eneral m ortg a g e g o ld (see t e x t ) ............ - U n .c * & r
A d i Inc M cu m u la tiv e -due J u ly 1 1900 g .C e .c * & r 8,341
8,341
d o d o Interest sta m p e d p a y a b le M & N ..........
E a stern O k la h om a D lv 1st M $ 9 ,6 0 3 ,0 0 0 g.-G .e*< S :r
480
694
T ra n sc n t l S L ls t M $ 3 0 ,0 0 0 ,0 0 0 g r e d l 1 0 M o x c* r& r*
D e b g o ld Ser I to L $ 2 ,5 0 0 ,0 0 0 e a c h ; call 1 0 5 -G .c & r
B on d s $ 5 0 ,000 ,00 0 c o n v co m stk red ( t e x t ) .G ,c*«S:r
B on d s $ 2 6 ,056 ,00 0 c o n v co m stk red ( t e x t ) . S .x c* & r
B on d s $28 ,258 ,00 0 g c o n v c o m stk red (tex ) (ix c * &r
B d s $4 3 ,6 8 6 ,0 0 0 g c o n v c o m stk r e d (te x t) G xc* &r*
H u tch in son ft So 1st M g red 105 luce 190 8. O B .c*
141
San Fr & San J o V a l 1st M g call 110 aft 1915. Ale.c
372
Santa Fe Pres ft P h o e n ix — 1st M $5,0 0 0 ,0 0 0 g .M e c *
198
G u lf B ea u m on t & K ansas C ity 1st M g o l d ___________
do
do
2d M ($ 1 3 8 ,5 0 0 are 6 s )________
P rescott <St Eastern first m tge p ft 1 g u a r ------------ Ce
26 H
A tlan ta Birm & A tl— A tl ft B R y 1st M red 1 1 0 -O B .c*
337
R e c e iv e r ’s c ertifica tes, redeem able p a r.......... ..............
A tl Blrm ft Atl 1st M $ 30 ,000 ,00 0 g red 1 0 6 . -O B .c*
J o in t coll tr n otes g old e x te n d e d 1910 red p a r .T a .c *
___
E q u ip bonds d u e $ 60 ,000 s a ________ ___________ la
E q u ip bonds Ser B (V 85 p 39) due $86,000 s -a . G
__ .
G eorgia T erm in al C o 1st M $4 0 00 ,000 g gu p ft 1 OB
A labam a Parn-q O R |ut\| $ 4.000,000 g gu p ft 1 OB
...
D ale
B onds
Par
V a lu e
1905
1908
l 895
1909
1906
1894
1907
1907
$ l .000
500
1,000
1,000
500 &c
1,000
1,000
1,000
____
1900
1896
1898
____
____
1885
1887
1895
1895
1895
1903
1908
1902
1905
1907
1909
1910
1898
1896
1892
1893
1893
1898
1904
1909
1906
1906
1906
1907
1907
1907
50
1,000
Rate
%
$ '0 0.0 00
300 ,000
7 ,000.000
594,000
200,000
1 ,504,000
See te x t
300 ,000
5 g
5 g
4 g
5 g
6
5 g
r> £
•
6 g
W hen
P a yable
\T fe
M ft
C—J
M A
A
J
M A
.1
&
J
ft
B a lan ce, s u rp lu s ____________________
$84 ,294
$18,091
$ 55 ,385
N ew d irectors, M ch. 1910, V . 90, p . 976 . P re s., Joseph R a m sa y J r .; S e c.,
H . B . B la n ch a rd .— (V . 90, p . 446 , 770, 976, 1101; V . 91, p . 945.)
ARGENTINE CENTRAL R Y — See p a g e 165.
ARIZONA EASTERN RR. — O w ns M a r ic o p a t o H a s s a y a m p a ,A r lz .,a b o u t
74 m iles; B ow ie to G lob e, 125 m .; C ochise to P e a rce , a b o u t 35 m .; T e m p e to
M ese, 8 m .; to ta l, 212 m iles. A co n s o lid a tio n F e b . 1 1910 o f lines In
A r iz o n a con trolled b y the S ou th ern P a cific C o ., Inclu din g G ila V a lley G lo b e
& N orth ern , & c.
V. 90, p. 446 . S to c k a u th o riz e d , $40 ,0 0 0 ,0 0 0 . o f
w h ich $5,3 2 1 ,4 0 0 Issued t o take o v e r ex istin g p ro p e rtie s. N o new bond s
au th oriz ed to O ct. 191 0.— (V . 90. p. 446 .)
AR KANSAS LOUISIANA & GULF RY. — M on roe t o H a m b u rg , L a ., and
C rossett, A r k ., 61 H m iles, was op e ra te d S e p t. 1909. E x te n sio n from Pine
B lu ff to De Vails Bluffs is p ro p o se d . S to c k a u t h ., $ 3 ,0 0 0 ,0 0 0 ; o u t S ep t. 1909
$ 1 ,2 4 0 ,0 0 0 .
B on ds ($6,0 0 0 ,0 0 0 a u th . Issue), C o lo ra d o T itle A T rust C o .
o f C olora d o S prin gs, C o l., trustee: $2,8 6 0 ,0 0 0 w ere s u b s crib e d fo r on a c
c o u n t o f 143 m iles u nd er co n s tru ctio n .
V . 86. p. 106.
P re s., A lfr e d
C ow les, C h icago; V .-P . and T r e a s ., W m . A . O tis; S e c. an d A sst. T r e a s .,
C. E . T itu s , C olora d o S prin gs, C o l.— (V . 86, p. 106.)
ARKANSAS MIDLAND RR. — See S t. I.ou ls Iro n M tn. & S ou th ern .
RKANSAS OKLAHOMA & WESTERN RR. — T o e x te n d easterly from
i - N e, A r k ., to M em phis, T e n n ., 295 m iles, an d w esterly from SUoam
g s j]A r k ., to O kl ih om a C ity, O k la ., 230 m iles.
In op e ra tio n S ep t,
rom R og ers to Slloam S prin gs, 30 m iles, and fro m R o g e rs to M onte
m es. S to c k a u th ., $3 ,0 0 0 ,0 0 0 ; o u ts ta n d in g S e p t. 1910, $72 0,00 0;
Last D ivid en d
and M a tu rity
S M ch 1 1037
N N o v 2 1938
J u ly 1 1995
N T o N o v 1 1919
J Jan 1 1926
N N o v 1 1924
J J u ly 1 1957
J Jan 1 1947
773,500 4 In 1909
Q— M
M & N
300,000
4 g
3 ,280.000
F ft A
1,000
&
518.000
4 g
J
J
100 165 .563 .00 0 6 In 1910 Q — M
100 114,173,730 5 In 1910 F A A
1,000
1,500,000
6 cur M & S
1.000 &c
560 .000
5 g
& J
J
500 &c 150 ,634 ,50 0
A & o
4 g
500 fee 20,7 6 9 .0 0 0
N ov
4 g
500 &e 3 0 ,577,000
M A N
4 g
1,000 fee
9,6 0 3 ,0 0 0
M & S
4 g
J
A
J
1,000 ft C 1 7,000,000
4 g
6 ,225.000
F A A
1.000 &c
4 g
J
A I)
1 .000 &c 18,911.000
4 g
A 1)
J
1 .000 &c 15,523 000
5 g
D
1.000 fec
J A
See te x t
4 g
J
A D
1,000 fee
See te x t
4 g
A
J
192,000
J
1.000
5 g
A A n
1.000
6 ,000,000
5 g
M
4 ,940,000
5 g
s
1,000
613 ,000
F & A
6 £
5& 6g
284,500
F & A
1.000
O
224.000
5
A
1,000
4,0 9 0 ,0 0 0
A
J
J
5 g
1,000
3 ,2 5 0 ,0 0 0
5
A
J
J
1,000 14.185,000
A
J
5 g
J
1,000 fee
6 .239,200
M A N
6 g
666,000
1,000
5
M A N
1,118.000
1,000
5
J
A
J
3 .0 0 0 ,0 0 0
J
A
5 g
J
2 445 ,000
A
J
J
5 g
..................
ALBERT A & GREAT W ATERW AYS RY.— T o e x te n d fro m E d m o n to n ,
A lb e r ta , C a n ada, n orth ea ste rly to a p o in t a t o r n ear F t. M acM urra y and
from a p oin t near the w estern end o f L a c la B lch e to the eastern end th e re o f,
a b o u t 350 m iles.
First M . d e b e n tu re 5s, g u a r ., p . A 1., b y P ro v in ce
o f A lb e r ta , are Issuable a t $20 ,000 per m ile, an d $ 4 0 0,00 0 fo r E d m o n to n ter
m inals; S tan d ard T ru st C o. o f W in n ip e g , tru stee. R e d e e m a b le , all o r a n y ,
begin n in g Jan . 1 1919 at 1121$. I n N o v .1 9 0 9 $ 7 ,4 0 0 ,0 0 0 were sold In L o n
d o n . T h e J u ly 1910 c o u p o n s w ere pu rch ased b y ban kers o w in g to d e la y In
d e liv e ry o f b on d s — see b e lo w . V . 89, p . 1346; V . 90, p . 558; V . 91, p. 153.
G en. M g r., E . A . Jam es, E d m o n to n , A lb e r ta . W . R . & D . O . Clark, b a n k
ers. K ansas C ity, p ro m o te d th e en terprise. C o n stru ctio n , It Is u n d er
s t o o d , Is In a b e y a n ce pen d in g In vestig ation as to circu m sta n ce s leading to
g u a r a n ty , latter bein g In a n y e v e n t presu m ed to be le g a l.— (V .9 1 ,p .2 1 3 , 153)
ALGOMA CENTRAL & HUDSON BAY R Y. — O w ns fro m S au lt S te . M a
rie, O n t ., to Panglssln, 70 m iles; branch to H elen M ine, 12 m . B eing e x
ten d ed to a co n n e ctio n w ith the Can. P a c. R y . (th en to e x te n d from Sau lt
S te. M arie to near H e b ro n , O n t., 203 m ., w ith branches, 22 m .; to ta l,
225 m iles. Cash s u b s id y , $6,400 per m ile. L a n d g ra n t, a b o u t 1,655,000
acres. S to c k , c o m m o n , $ 5 ,0 0 0 ,0 0 0 , all o w n e d b y L a k e S u p erior C o rp ., w iilch
gu aran tees the 5 % b on d s (see table a b o v e ) , to be Issued at $30 ,000 per m ile,
and h olds $ 1,125,000 o f the $ 5 ,0 0 0 ,0 0 0 5 % n o n -c u m u la tlv e p r e t. s tock for the
benefit o f the r o a d .
In Jun e 1910 £770,000 b o n d s w ere offered In L o n d o n .
V . 91, p. 93. P resid en t, T . J . D ru m m o n d , M on treal, Q u e .; S e c. and T re a s .,
T h o m a s G ibson , T o r o n t o , O n t.— (V . 91, p . 93, 716.)
ALLEGHENY & WESTERN R Y.— (See M a p B u ff. Roch. A P itts.) —
Punxsutawney to Butler, Pa., 60 miles; branch, New Castle, P a ., to Cement
Works. 6 in.; total, 66 miles. An extension of Buffalo Rochester & Pitts
burgh, to which leased In perpetuity for guaranty of bonds and 6 % on stock.
Uses Balt A Ohio from Butler to New Castle and Pittsburgh under a track
age arrangement, making In all 147 m . See V . 70, p. 8 49 . — (V . 82, p. 6 9 1 .)
ALLENTOWN RR. -T o p to n to K u tz to w n , P a ., 4 1$ in .; R e a d in g sy s te m .
S T O C K — $ 1 ,268,884 (par $ 5 0 ), In clu din g $1,0 7 1 ,4 0 0 pledged u nd er
R e a d in g C o. general m o rtg a g e .
N o b o n d s.
ALLENTOWN TERMINAL RR.— O w ns 3 H m iles o f railroad In Allen
t o w n . P a ., c o n n e c tin g th e East P en n . (P h lla . A R ea d in g) w ith the C ent, o f
N . J.
Leased for 999 years to P h lla. & R e a d , and C ent, o f N . J. (b y assign
m en t from Lehigh Coal & N a v ig a tio n C o .) at Interest on bond s and 5 % on
$45 0,00 0 s tock (par $ 5 0 ). b on d s b e in g gu a ra n te e d , p rin cipa l and Interest,
b y P h il. & R e a d . R R . C o. (fo re clo se d ) and Lehigh Coal & N a v ig a tio n .
ALTON JACKSONVILLE & PEORIA R Y. — P r o je c te d from A lton t o
J a ck son v ille. III.. 65 miles o f w h ich A lton to G o d fre y . 6 m . c o m p le te d In
A p ril 1908, and balan ce p artly c o n s tr u c te d . S to c k a u th ., $ 80 0,00 0; o u t
s ta n d in g . $300,000; par $ 10 0 . B onds ($800,000 auth. Issue), M ercantile
T ru st C o ., St. L ou is, trustee
S ec ta b le a b o v e .
P re s., Aaron O. A u te n .
J c r s e y x llle . II!.; T r e a s ., A W . Cross; S e c .. Jun e M . R h o a d s Jersey v lllo. Ill
AMADOR CENTRAL RR.— lo n e to M artell. C a l., 13 m . S t o c k , $40 0,00 0;
p a r, $100.
U nion Trust C o ., San F ra n cisco . Is m o rtg age trustee.
V . 88,
p . 156. P res., Charles E r ick so n , M artell, C a l.— (V . 88, p .1 5 6 .)
ANN ARBOR RR.— (See M a p D etroit Toledo A Ir o n to n .)— O w ns fo r
passenger trains road from T o le d o , O ., to F ra n k fo rt, on L a ke M ichigan , 292
m iles; tra ck a g e, T o le d o to A le x is, 9 m iles; op e ra te s car ferries betw een
F ra n k fo r t, M ich ., K ew au n ee and M a n ito w o c, W ls ., an d M enom in ee an d
M an lstlqu e, M ich.
W abash uses T o le d o term inals.
M anlstlqu e A Lake S u p erior, M anlstlqu e, M ich ., to S h ln g le to n , 40 m iles,
w ith bran ch to M cN eils. 13 m ., Is o w n e d b y frie n d ly Interests. V . 89, p . 468 .
S T O C K , & C.— C om m on , $ 3 ,2 5 0 ,0 0 0 ; p r e f., $ 4 ,0 0 0 ,0 0 0 ; 5 % n o n -cu m .
p ar $100.
P ref. s tock c e r t., "S u p p le m e n t ” O ct. 30 1897, p . 3.
In 1906 D et. T o l. & Iro n to n (w hich see) had acq u ire d $3,1 0 2 ,4 0 0 p re f.
and $2,1 9 0 ,0 0 0 co m m o n s to c k . V . 89, p . 528; V . 90, p. 446. O th er
eq u ip m en t bond s an d notes than Series A Ju n e 30 1910, $15 0,10 7.
E A R N I N G S .— 2 m o s .,/1 9 1 0 ................... G ross, $31 3 ,6 0 2 ; n e t, $10 5,64 0
J u ly 1 to A u g . 31.
( 190 9__________ G ross, 296 ,2 1 5 ; n e t,
102,104
A N N U A L R E P O R T for 1908-09 w as In V . 89, p . 1218.
Year endinn J u n e 3 0 —
1909-10.
1908-09.
1907-08.
G ross e a rn in g s ............................................ $ 1 ,8 5 6 ,1 6 0
$ 1 , 708,481
$ 1 ,8 8 2 ,7 8 2
N et a fte r ta x e s..........................
409 ,424
390 ,450
3 70 ,760
N et I n c o m e ____________________________
482 ,199
491,938
4 68 ,880
D e d u ct— In terest, hire o f e q u ip ., & c_
3 91 ,908
469 ,694
408 ,483
B e t t e r m e n t s _________________ ______ __
5,997
4.153
5,012
A m ou n t
O utstanding
J u n e 2 5 19101 %
M ay 1 1925
A u g 7 1996
J u ly 1 1928
D ec 1 ’ 10 1
A u g 1 1910 2 h
M ch 1 1915
Jan 1 1937
O ct 1 1995
J u ly 1 1995
J u ly 1 1995
Mch 1 1928
J u ly 1 1958
F eb 1 1911 1914
J u n e l 1955
Jun e 1 1917
Jun e 1 1955
Jun e 1 1960
Jan 1 1928
O ct 1 1940
Sep 1 1942
A u g 1 1913
A u g 1 1913
A p r 1 1928
Jan 1 1934
J u ly 1 1911
Jan 1 1936
M ay 1 1912
N o v ’ 1 l - N o v ’ 16
Jan T 1 J u ly '17
Jan 1 1927
July l 1927
P la ces W here Interest and
D ivid en d s are P a yable
N ew Y o r k A St L ouis
U nion T r C o , San F ran
M etrop olitan T r C o , N Y
B ankers' T r C o, N Y
1th N a t 13k, N Y A D cn v
S o P a c Co 120 B w a y N Y
N Y M o rt 'Tr A C ol S prg
U S M tge A T r C o , N Y
C h eck from C o ’s o ffic e
N ew Y o r k T ru s t C o , N Y
Cen tral T ru s t C o . N Y
C h eck s m a ile d from N Y
do
do
5 N assau S tre e t, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M erca n tile T ru st C o , N Y
C entral T ru st C o, N Y
O ld C o lo n y T ru st C o ,B o s .
F a rm ers' I, & T r C o, N Y
Jan 1909 c o u p o n n o t paid
N ov
1910
co u p o n
paid
Jari 1909 c o u p o n n ot paid
Jan 1909 co u p o n n o t paid
p a r, $100.
B o n d s are lim ited to $ 1 ,2 5 0 ,0 0 0 a t $10 ,000 p er m ile. V . 80,
p. 107.
F or y e a r e n d in g Ju n e 30 1910, gross, $42 ,5 0 5 ; net a fte r ta xes,
$18 ,0 7 7 ; ln t. o n b o n d s, $ 1 8 ,0 0 0 ; b a l., su r., $77.
P res., W . R . F clk er;
V .- P . & G en. M g r., G eo. D . L o c k e ; V .- P ., A . L . W illia m s; S e c. A 'T r c a s .,
J . E . F e lk e r. O ffic e , R o g e rs , A r k .— (V . 90, p . 235.)
ASTORIA & COLUMBIA RIVER R R — G o b le to S easide. O re .. 79 m .;
b ra n ch , Vvarrenton to N ew A sto ria , 2 m .; tra ck a g e , G o b le t o P o r tla n d , 40 m ;
t o t a l, 121 m iles. S t o c k , $ 1 ,0 1 9 ,0 0 0 ; par $100.
In 1907 a cqu ired by G ie a t
N orthern and N orth ern P a cific.
V . 8 4 , p .8 6 7 .
Y e a r e n d in g Bine 30 1$)l ■,
gro ss, $767 987; n e t, $27 9 ,2 1; o th e r In co m e , $ 1 .7 6 8 ; re n ts, hire o f c q u lp t ,
& c., $ 58 ,879 ; ba la n ce, su rplu s, $ 2 2 2 ,1 0 0 .
P r e s ., J o h n F . S te v e n s .— (V .
85, p . 1645.)
ATCHISON & EASTERN BRIDGE. — O w ns railroad and w a g o n bridge
at A tc h is o n , K a n ., co n n e c tin g w ith the un ion sta tio n .
U sed b y th e A tch .
T o p . <5c San ta F e. th e C h ic. R . I. A P ., the M o. P a c. and th e C h ic. B u rl. &
Q u in cy
A reorgan ization o f th e C h ic. & A tch . B r id g e Co. fo re clo se d M ch 4
1898, per plan V . 65, p . 366 . S t o c k , $700,000: par, $100 per sh are. P res,
an d T r e a s ., H . P . Eefls, C le v e la n d , O .— (V . 67, p 578.)
(THE) ATCHISON TOPEKA & SANTA FE RY.— (SVe M a p . ) — 1'The s y s
tem op e ra te d J u ly 1 1910 c o m p ris e d 9,961 m iles o f railroad and em b ra ced
an u n b ro k e n line o f track from C h ica g o , 111 , via K ansas C ity , M o ., and A l
b u q u e r q u e . N . M ., t o th e P a clllc O cea n : also t o G a lv e s to n . T e x , and the
G u lf o f M e x ico .
F o r o p e ra tin g purposes the 9.961 m . are d iv id e d as fo llow s:
M ile s .
M ile s .
A tch iso n T o p e k a ft S. F ____ 7,439.61 P ecos R iv e r R R _____________
54.26
20.21 San ta Fe P res. A P h o e n i x .. 257 .40
R io G rande & El P a so _______
G ulf C o lo ra d o & San ta F e . . 1,518.18 Sou th ern K an. R y . o f T e x a s 124.92
E astern R y . o f N ew M e x ico . 225.21 T e x a s ft G ulf R y ____________
06.14
P ecos & N or. T exa s R y ____
225.29
T h is Is e x clu siv e o f 211.78 m iles o f new lines c o m p le te d on last-nam ed
d a te , o f w hich 88.57 m iles re a d y fo r op e ra tio n J u ly 1 1910. A lso co n trols
th rou gh o w n ersh ip o f securities, o r ow n s Jointly w ith o th e r roads, 826 .25 m .
C u t-ofI T e x lc o , N . M ., to B r o w n w o o d , T e x ., 300 m iles, w ith bran ch es,
total a b o u t 500 m iles, u nd er co n s tr u c tio n .
V . 89, p . 223.
In 1900 a cq u ire d co n tro l o f G ulf B e a u m o n t & K ansas C ity and G u lf B ea u
m o n t & G rea t N o rth e rn , w hich are leased. V . 76, p. 751; V . 77, p . 1224.
Leases Cane B elt R R ., 105 m iles (entire s to c k o w n e d ).
V . 85, p. 598.
T h e s to ck h o ld e rs w ere on O ct. 27 1910 to ra tify th e purch ase o f the C on ch o
San S ab a ft L lano V a lle y , K in gs R iv e r G ulf ft In te r-S ta te R y . o f T e x a s,
T exa s & G ulf and F u llerton A R ich fie ld , also the lease o f th e last-n a m ed
an d th e A riz o n a A C a liforn ia.
V . 91, p. 588.
O R G A N I Z A T I O N .— T h is c o m p a n y w as orga n ized on D e c. 12 1895 under
th e general laws o f K ansas b y th e purchasers at fo re clo su re sale o f the
p r o p e r ty an d franchises o f the A tch . T o p . A S . Fe R R . C o. V . 60, p. 653 .
T h e railw ay c o m p a n y In Ju ly 1909 ow n ed In fee 6,6 9 3 .1 4 m iles o f s y s t e m .
and also a ll. o r n early all, th e b on d s and sto ck s o f th e variou s co m p a n ie s In
w h ich th e title t o th e o th e r lines Is v e s te d .
V . 68, p. 974.
A list o f such
holdings Is In th e general m o rtg a g e (In V . 62, p. 732 , 733) and su cce ssiv e
annual re p o rts. See V . 69, p. 1300; V . 7 1 , p .2 7 .
San F ran cisco & San J o a q u in V a lle y R y . w as m erged Jun e 1901
Has a Joint Interest w ith th e Sou th ern P a cific In the N orth w estern P a cific.
S T O C K .— T h e pref. s to c k has preferen ce as to assets and non cu m u la tiv e
d iv id e n d s n o t e x c e e d in g 5 % per a n n ., as declared by th e board o f d irectors
o u t o f net profits
N o o th e r m tg e . and no Increase In th e p ref s to c k can be
m ade w ith o u t co n s e n t o f m a jo r ity o f all p re f. o u ts ta n d in g and o f all c o m .
s to c k re p resen ted a t a m e e tin g . T h e total a u th . a m o u n t o f p re f. Is $ 1 3 1 .
486 ,0 0 0 , o f w hich $1 0 ,8 0 0 ,0 0 0 reserved to a cq u ire o th e r lines; also $ 6 ,4 8 6 ,
470 In special trust fo r Im p ro v e m e n ts, e x te n sio n s, & c. P r e f. s to c k certifi
cates In “ S u p p le m e n t” o f A p ril 1897, p . 3.
S to ck h o ld e rs v o te d Jan . 30 1907 t o Increase the a u th . c o m . s t o c k from
$15 2,00 0,0 00 to $25 0,0 0 0 ,0 0 0 and also n o t e x c e e d in g $9 8 ,0 0 0 ,0 0 0 b o n d s, to
be c o n v e r tib le Into c o m . s t o c k .
V . 8 8 , p. 1001. See B O N D S b e lo w .
D IV ID E N D —
’ 99. ’ 00. ’ 01. ’ 0 2 -’ 05.
’ 06. ’ 07. ’ 0 8 . ’ 0 9 .
1910.
O n c o m m o n ( % ) ____ 0
0
3 H 4 ye a rly 4 >4 6
5
5>$
6
On preferred ( % ) ___ 2
4
5
5 y e a rly 5
5
5
5
5
B O N D S .— T h e G en. .w ort. (A b s tr a c t V. 62. p. 731-739; see also V'. 68,
p. 974; V. 86 " 1098) giv e s a lien, eith er by direct m ortg age o r b y co lla tir a l
tru st, on 8,310 55 rn. o f tin s y s te m , to ge th e r w ith all the e q u ip m e n t and
term inals ow n e d b y the c o m n a n v . and future acq u isitio n s.
General M ortgage 4 s— A m ou n ts R e s e r v e d ...................In 1895.
in 1910.
a T o retire guar, fund n otes paid and car trustn --$ 1 5 ,5 0 0 ,0 0 0 $2,339,383
0 N o n -a ssen tin g b o n d s from reorgan ization o f 1839
1,500,000
504,960
c C h icago & St Louis 1st nttge. 6 s ................... - ...........
1 ,5 o o ,o o o
1 ,500,000
F or Im p ro ve m e n ts, term in als, se co n d tra ck , & c —
3 0 ,0 0 0 ,0 0 0
1,852,102
For a cq u isitio n o f A tlantic & P a cific and o th e r lines. 2 0 .000.000
6 .73 1
554
T h e Ad justm ent M ortgage ( A b s t r a c t . V . 6 2 , p. 739) Is t o th e C entral Trust
Co. as trustee.
Interest Is p a y a b le o n ly o u t o f net earnings up to 1 % in each
y e a r, cu m u la tiv e sin ce J u ly 1 1900. P resen t Issue Is lim ited to $ 5 1 ,7 2 8 ,0 0 0 ,
but w hen th e $30 ,0 0 0 ,0 0 0 general 4s a u th orized for Im p rovem en ts as a b o v e
h ave been Issued $ 20 ,000 ,00 0 a d d itio n a l ad ju stm e n t 4s m a y b<- Issued for
th e sam e p u rp ose at not e x c e e d in g $2,0 0 0 ,0 0 0 In any o n e y e a r , but o n ly b y
a m a jo rity v o te o f th e a d ju s tm e n t b o n d h o ld e rs ,
Interest — In N o v . 1897
paid 3 % ; s in ce , full 4 % yea rly
•
Eastern O kla h om a division 4s o f 1903. V . 76. p 434 ; v . 79, p . 1331;
V . 84, p . 1549; V . 85, p. 598; V . 86 , p . 980, 1041.
T h e Trans-C ontinental Short L i n e ” first gold 4s o f 1908 arc lim ited
to $3 0 ,0 0 0 ,0 0 0 a u th orized Issue. T h e $ 1 7 ,0 0 0 ,0 0 0 sold In J u ly 1908
c o v e r 694 .46 m iles In o p e r a tio n , c o m p ris in g the line from A n m rlllo , T e x .,
to P e co s. T e x ., 376 .06 m iles. C lo v is, N . M ., to R io P u e rc o , 257 .52 m iles,
(c o m p le te d In 1908); th e P ecos V a lle y ft N o rth e a s te rn , C a m e o , N . M ., to
S ta te L in e, 208 m ., and bran ch es a g g re g a tin g 00.88 m . T h e rem aining
$ 1 3 ,000 ,00 0 can be Issued at $25 ,0 0 0 per m ile.
V . 8 7 , p. 479 , 878.
T h e $3 0 ,0 0 0 ,0 0 0 debenture 4s o f 1902 are paid o ff $ 2 ,5 0 0 ,0 0 0 y e a r ly .
See V . 74. p. 150, 204; V . 75, p . 680; V . 77, p. 2338.
T h e 4s o f 1905 ($ 5 0 ,0 0 0 ,0 0 0 a u th . Issue) are c o n v e r tib le Into c o m . s tock
at par betw een Jun e 1 1906 and June 1 1918. V . 79, p. 2695; V . 80, p. 649;
V . 81, p . 1174; V . 82, p . 3 9 1 ,8 6 7 . T h e $26 ,0 5 6 ,0 0 0 Issued In 1907 are c o n
ve rtib le Into c o m . s to c k at par to Jun e 1 1913. V . 84, p . 1051, 1112; V. 85,
p. 97, 283, 529,
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[F o r abbreviation s, <fec., see notes on first page]
M ile s
Road
D a te
B on d s
263
Atlanta St Charlotte— S to c k (see t e x t ) ................. .............
Atlanta Knoxville & Northern Ry— See L o u isv ille A N ashvll le
85 1908
Atlanta & St A n d rew s Bay— 1st M $ 1 ,0 0 0 ,0 0 0 g r e d . .
2 d M ($ 1 ,0 0 0 ,3 0 0 a u t h ) ........ ...............................................
Atlanta Terminal— First m tg e $ 1 .5 0 0 ,0 0 0 g o l d - S .c * A r
Atlanta & West Point— S to c k $ 2 ,5 0 0 ,0 0 0 a u t h ----------Atlantic City— F irst M tge $ 2 ,2 0 0 ,0 0 0 g o ld ._ U u P .x c *
A t la n t ic C ity p urchase m o n e y real estate m t g e - . G P
Sea C oa st p rior lien m ortg a g e g o l d _________________
1st c o n s M $ 4 ,5 0 0 ,0 0 0 g g u ________________________ GP
Atlantic Coast Line Co. (Conn.)— S to c k $ 3 0 ,0 0 0 .0 0 0 ..
Certs o l ln d eb t Inc n on -cu m $ 5 ,0 0 0 ,0 0 0 ______S B a .r .
do
red 105 a fte r 20 yrs o p t io n t e x t SBa
do
do
do
r ed eem a b le at par a fte r 5 y e a r s --------Atlantic Coast Line RR— S to c k c o m m o n ( t e x t ) .............
Class " A ” c o m s to c k ta x e x e m p t (R ic h A P e t certs)
P referred s to c k 5 % ____________________________________
C oll tr M g old secu red b y L A N stk red 1 0 5 - - c * A r
U nified m ortg a g e g o ld $ 2 0 0 ,0 0 0 ,0 0 0 a u t h o r i z e d .. . .
C on v d eb s $ 2 3 ,5 6 2 ,5 0 0 red 105 a fte r M a y ’ 1 6 .S B a r
W a sh A V a n 1st M $ 1 ,5 0 0 ,0 0 0 g gu p A l - .S B a .c *
W in ston -S a lem S o u th b 1st M g t o be guar j t l y - - - U s
E q u ip trust nonus gold $225,000 d u e s - a -------SBa c*
B on d s to B e R efunded by U nified 4s
F irst c o n s o l M $ 5 1 ,3 2 6 ,0 0 0 g o ld ( t e x t ) . .F . c * & r *
•C ertificates o f In debtedn ess ( n e w ) ------------------------N o rth E ast (S C) c o n s M g o ld F lo r t o C h arleston A tla n tlc C L o f S C gen 1st M ( l s t o n 3 5 5 m ) g . S B ac*
P e te rs b u rg M class A g o l d ----------------------------- - - - - - -
do
do
class B gold (P e te rs b u rg t o W e ld o n ) .
R ic h m o n d & P etersb u rg first m tg e ($ 24,500 are 7s) C on sol M g (R ic h m o n d t o P e te rs b u rg , e t c ) — _ C e .c*
W llm & W e ld o n gen M ($9 3 8 ,0 0 0 are 4s) g - .S B a . c *
W ilm in g to n A N ew B ern 1st M gold a ssu m e d -S B a
N o r A Car 1st M g old (P P t V a t o T a r N C ) .
C c .c *
S econ d m o r tg a g e g o l d ----------------------- - — -S B a .c *
S » v Fla & W 1st M g ($ 2 ,4 4 4 ,0 0 0 are 5 s ) - - M p .c * A r
C h arleston A S a v a n n a h gen m tg e g o l d ---------S B a .c*
B run s & W 1st M (B r u n s w ic k t o A lb a n y ) g g u .A lp .c
85
3.3
86
83
66
A ll
1908
1903
1889
1900
1898
1901
1897
1900
1905
40
90
3,047
102
696
68
68
22
27
479
90
110
110
547
111
169
1902
1909
1909
1907
1910
1907
1902
1902
1883
1898
1881
1881
1875
1890
1885
1897
1889
1896
1884
1886
1888
Par
V a lu e
$100
1,000
1,000
100
1,000
1 000
1,000
100
100 A c
100 A c
100 A c
100
100
100
1,000 A c
100 A c
1,000
1,000
1,000
R ate
%
$1,7 0 0 ,0 0 0 7 In 1910 M
A
A
A
425.000
425.000
1 ,500,000
2,4 6 4 ,0 0 0
2,2 0 0 ,0 0 0
75,000
350,000
1 ,850,000
17,0 4 0 ,0 0 0
5,0 0 0 ,0 0 0
62,000
3 ,000,000
5 6 ,9 6 4 ,4 0 0
1,000.000
198.500
35,0 0 0 ,0 0 0
15,0 0 9 ,0 0 0
10,3 4 6 .0 0 0
720 ,000
See t e x t
2 ,9 2 5 ,0 0 0
4 g
6 in 1910
5 g
4H
5 g
4 g
S ee te x t.
5 cu r
4
4
6 In 1910
6 In 1910
5 In 1909
4 g
4 g
4
4H g
4 g
4 g
O p era tin g I n c o m e . . . .......................... $ 31 ,224 ,95 6 $33 ,7 5 5 ,3 0 3 $ 2 6 ,7 4 3 ,2 8 5
O th er ln e o m o ...............................................
2,5 5 0 ,0 5 5
1 ,158,375
671,974
T o la ) In co m e ..............................................$33 ,775 ,01 1 $ 34 ,913 ,67 8 $ 27 ,415 ,25 9
In terest on b o n d s ......................................... $11 ,984 ,15 1 $ 13 ,548 ,08 2 $ 1 2 ,5 7 9 ,3 0 2
H ire o f e q u ip m en t, rentals, A c ______
2,0 6 8 ,2 9 4
1,1 0 5 ,8 3 5
1,238,449
D iv id en d s o n p ref. s to c k ( 5 % ) ----------5 ,7 0 8 ,6 9 0
5 , 708,690
5,7 0 8 ,6 9 0
D iv id en d s on co m m o n s t o c k _________ (6) 9 ,6 4 8 ,0 3 0 ( 5 ) 5 ,15 2 ,5 5 0 (5 >S) 5662607
A d d itio n s an d b e tte rm e n ts___________
4 ,0 0 0 ,0 0 0
9 ,0 0 0 ,0 0 0
3 4 0 ,3 3 2
R alan ee, su rp lu s____________________
$36 5,84 6
$398,521
$1,8 8 5 ,8 7 9
O F F I C E R S .— C h airm an o f E x e c u tiv e C o m m ., W a lk e r D . Illn e s ; E . P .
R ip le y , P resid en t; D . L . G allu p, C o m p .; C. K . C o o p e r, A s s t. T reas.
D ir e c to rs .— C harles S teele, E d w a rd J . B e rw ln d , P aul M o r to n , I I . R le m an D u v a l. T h o m a s P . F o w le r, W a lk e r D . H ines, T . D o W itt C u yle r, N . Y .;
J oh n G . M cC u llou g h , V e r m o n t; B . P . C h e n e y , B o s to n ; E d w a rd P . R ip le y ,
B y ro n L . S m ith , C h ica g o; A n d rew C. J o b e s , W ich ita ; H o w e l J o n e s , Charles
S. G le e d , T o p e k a ; H . C. F r ic k , P itts b u rg h .
O F F I C E .— 5 N assau S t ., N . Y . — (V . 9 1 , p . 588, 716 , 939, 949, 1024.)
ATLANTA BIRMINGHAM & ATLANTIC R R — (See M a p .) — B run sw ick.
G a ., t o B irm in gh a m , A la ., 453 m iles; Sessom s t o W a y c r o s s , G a ., 26 m .;
F itzgera ld to T h o m a s v llle , G a ., 81 m .; A tla n ta t o M anchester, 75 m .;
P y r lto n to A sh la n d , 7 m .; leases G eorgia T e rm in a l C o ., In A tla n ta , 2 m .;
tra ck a g e In A tla n ta . 2 m .; t o ta l, 659 m iles.
(V . 84, p . 1426; V . 80, p . 115.)
T h e G eorgia T erm in al C o . an d th e A la b a m a T erm in al R R ., h a v in g
$ 1 ,5 0 0 ,0 0 0 an d $ 3 ,0 0 0 ,0 0 0 s to c k , r e s p e ctiv e ly , all o w n e d b y th e ra ilro a d ,
will p r o v id e term inals a t A tla n ta an d B irm in gh am , re s p e ctiv e ly ; th e y w ere
leased fo r 99 years, their b o n d s b ein g g u a ra n te e d , prln. A ln t.: also 5 %
o n stoah : V . 84, p . 1426; V . 85, p 1204; V . 88, p. 156, 227. A tla n tic G ulf
& W ant Indies SS. C o. (C ly d e SS. C o.) o p e ra te s betw een N . Y . an d B run s
w ic k .
V. 01. p . 465; V . 87. p . 616.
R E C E I V E R S H I P .— O n Ja n . 2 1909 receivers w ere a p p o in te d , the Jan
1909 c o u p o n on th e first 5s o f 1906 be in g d e fa u lte d .
V . 88, p . 9 9 . 156— see
ta b le a b o v e .
P residen t II. M . A tk in s o n Is now s o le rece iv e r.
V . 88, p. 821;
V . 91, p . 945. See P r e s id e n t’s re p o r t o f J a n . 5 1909, w ith op in io n s o f
ex p e r ts , A c .
V . 88. p. 227. $ 3 ,2 5 0 ,0 0 0 2-year 6 % re c e iv e r s ’ certifi
c a te s w ere sold to replace 19-m lles tra ck a g e Into B irm in gh am a n d build
B essem er b ra n ch , A c . V . 8 8 , p . 1497, 1559: V . 89, p . 4 0 , 102, 223 .
The
c o u p o n s d u e M ay 1909 to M ay 1910 on th e Joint co ll, n otes w ere pu rch ased
b y p riva te parties: N o v . 1908 c o u p o n s w ere p aid b y th e c o m p a n y .
V . 88,
p . 1196; V . 90. p . 1237.
G eneral Com m ittee .— E d w in S . M arston (C h a irm a n ), F red erick A y e r,
S am uel Carr an d Joh n I . W a te r b u r y re q u e ste d d ep osits o f all securities and
u n secu red d e b t o f c o m p a n y a n d a llied p ro p e rtie s.
D ep ositaries, M anhat
tan T ru s t C o ., N . Y „ an d O ld C o lo n y T r u s t C o ., B o s to n . V . 8 8 , p . 1196;
V . 90, p . 235.
Com m ittee Jor F irst 5s.— S . H . F essen d en , P h ilip S t o c k t o n an d F . H
F a rrar. C ity T ru s t C o. o f B o s t o n , d e p o s ita r y . V . 88, p . 99, 157, 684 .
Com m ittee fo r J oin t Collateral N otes and F irst 5 s .— G eo. C. C lark, C hair
m an ; G eo. C. Clark J r ., S e c .; T ru s t C o. o f A m e rica , N . Y . . an d A m erican
T ru s t C o ., B o s to n , d ep o s ita r ie s .
V . 8 8 , p . 62 3 , 685 , 943.
S T O C K .— P a r o f sh ares, $100; Issued: c o m m o n , $25 ,0 0 0 ,0 0 0 ;
pre
fe rr e d , $ 1 0 ,0 0 0 ,0 0 0 . O f th ese $ 1 7 ,0 0 0 ,0 0 0 c o m m o n a n d $5,6 0 0 ,0 0 0 pre
ferred d ep os ited u n d er c o lla te ra l tru st n o te s.
B O N D S .— O f the 5s o f 1906 ($ 3 0 ,0 0 0 ,0 0 0 a u th o riz e d Issue), $ 14 ,185 ,00 0
h a ve been Issued, o f w h ich $ 5 ,0 0 5 ,0 0 0 is d e p o s ite d u n d er co ll, trust n otes.
T h e c o ll, trust 5 % n otes (o rig in a lly $ 8 ,0 0 0 ,0 0 0 , bu t re d u ce d to $ 6 ,2 3 9 ,
200 and ex ten d ed In 1910, per plan V . 90, p. 1237, 1295) are a Joint o b lig a
tio n o f th e r a ilro a d an d th e A tla n tic A B irm in gh am C on stru ction C o.
T h e Interest u n til p a y m e n t th ereof Is to be gu aran teed b y th e shareholders
o f th e c o n s tr u c tio n c o m p a n y or th e sy n d ic a te raising $ 8 0 0,00 0 cash fo r the
p la n . T h e gen eral reorg a n iza tio n c o m m itte e agree to p ro v id e In th e plan
fo r th e p y a m e n t o f th e rem ain in g n otes at par. T h e y are secured b y d e
p osit o f $ 5 ,0 0 5 ,0 0 0 A t l. B lrm . A A tla n tic 1st M . b o n d s and $5,6 0 0 ,0 0 0 pref.
an d $ 1 7 ,0 0 0 ,0 0 0 c o m . s tock o f th e railroad (o r cash represen tin g m atu red
e q u ip m e n t b o n d s ), en tire s to c k ($ 5 ,0 0 0 ,0 0 0 ) o f B irm in gh am C oal A Iron
C o ., o w n in g 35,0 0 0 acres o f coal and 3,600 acres o f Iron ore lands (s u b je c t to
$ 4 ,3 5 9 ,0 0 0 b on d s, Incl. $ 3 1 0,00 0 treasu ry b o n d s ).a n d th e $ 1 ,1 0 0 ,0 0 0 s to c k
an d $ 1 ,9 0 0 ,0 0 0 bon d s o f B ru n s w Ick lS S .C o ., th e jla s t m e n tio n e d b ein g gu ar
Last D ivid en d
and M a tu r ity
W hen
P a y a b le
s Sept
o O ct
6 1910
1 1938
M
&
P laces W here Interest and
D ivid en d s are P a y a b le
U S M tge A T r C o . N Y
N ew
Y o r k an d
A tla n ta
Jun e 1 1953
J u ly 9 19 10 3 %
M ay 1 1919
A p r 1 1930
A p r 1 1948
J u ly 1 1951
S e p t 10’ 10 2 H %
Irred eem a ble
J u ly 1 1910 27,
Jan 1 1925
J u ly 11 1910 3
J u ly 11 1910 3
M ay 10 1910 2 M
O ct 1 1952
D ec 11 9 5 9
N o v 1 1939
F e b 1 1947
50 years
S T o M ch 1 1917
S ta n d a rd T r u s t C o , N Y
A tla n ta Ga
R e a d in g T e r m in a l, P h lla
do
do
do
do
do
do
B a ltim o re
.
In 190 9 paid 5 %
In 1910 paid 4 %
In 1910 paid 4 %
Treas O ffic e , W llm , N O
do
do
do
do
J P M organ A C o , N Y
U n ite d S tates T r C o , N Y
S afe D cp A T r C o . B a lto
(J S T r C o, N Y A B a lto
U n ite d S tates T r C o , N Y
U S T r C o, N Y ; A B a lto
s J u ly
U n ited S tates T r C o , N Y
T reas O ffic e . W llm , N C
U n ited S tates T r C o , N Y
S afe D e p A T ru s t C o ,B a lt
R ic h m o n d O ffic e
do
do
do
do
B row n B ro th e rs , N Y
F irst N a t B k , N Y ; A B a lt
S a fe D cp A T r u s t C o .B a lt
C en tral T ru s t C o , N Y
S afe D ep A T r u s t G o ,B a lt
U n ited S tates T r C o , N Y
do
do
do
do
A D
J
.1
A
J
M A N
A A O
A A O
A
J
J
Q— M
A D
J
A
J
J
A
J
.1
A
J
.1
A
J
J
M A N
M A N
J
A D
M A N
F
A A
M A
1,000 A c 5 1 ,3 2 6 ,0 0 0
4 g
232 ,900
4
M A
100 A c
A
657,000
6 g
J
1,000
A
1,000
5,5 4 7 ,0 0 0
J
4 g
A
868 ,000
J
1,000
5 g
A A
1,000
800,000
6 g
,\1 A
340,500
6 A 7
500 A c
300,000
1,000
4^ g A A
4,0 0 0 ,0 0 0 4 g A 5 g J
1,000
A
106,000
1,000
F A
4 g
1,000
1 ,320,000
A A
5 g
400,000
1,000
A
J
5 g
1,000
6,500,000 5 g A 6 g A A
A
1,500,000
1,00C
7 K
J
A
1 ,407,000
J
500 A c
4 g
S to c k h o ld e r s w ere olle r e d in 1909 th e rig h t to su b scrib e fo r $28 ,2 5 8 ,0 0 0
c o n v e r tib le 4 % b o n d s a t 104, p a y a b le o n e -fo u rth each a t tim e o f s u b s c r ip
tio n , F e b . 2 to F e b . 4, A u g . 2 t o 4 1910 and F e b . 7 t o 9 1011; th e y are c o n
v e r tib le Into c o m m o n s t o c k a t par to Ju n e 1 1918. V . 88, p . 1435, 1559.
S tock h old ers w ere ollered A p r. 1910 rig h t t o su bscrib e fo r $43 ,6 8 6 ,0 0 0
4 % b o n d s a t 102
pa y a b le 32
betw een Ju n e 1 and 3 1910 and
3 5 % each betw een D ec. 6 and 8 1910 an d betw een Jun e 6 and 8 1911, or
o p tio n a lly In fu ll a t a n y tim e; th e y are c o n v e rtib le Into c o m . s to c k a t par
on an d a fter Ju n e 1 1913, bu t prior to Ju n e 1 1923.
In J u ly 1910 $ 4 1 ,6 6 8 ,
633 had been p aid o n a c c o u n t o f tw o last n a m e d Issues. V . 90, p . 913, 1043,
1612.
T h e several Issues o f deben tu res m ust be secured b y a n y fu tu re m tg e .
c o v e r in g the lines ow n ed at the tim e the d e b e n tu re Issue was m a d e , an d m a y
be called a t 110 on a n y Interest d a y , bu t w hen called m a y be c o n v e rte d
in to s to c k p ro v id e d th e tim e fo r c o n v e rsio n has n o t e x p ire d .
L A T E S T E A R N I N G S .— f 1010_____ G ross, $ 1 7 ,0 9 0 ,8 9 8 ; n e t, $ 6,281,411
2 m o s ., J u ly 1 to A u g . 31. 1 1 9 0 9 _____ G ross, 16,702,111 ; n et,
6 ,4 6 0 ,6 6 7
B a lan ce a fter ta xes an d rentals fo r 2 m o s. o f 1910 w as $ 5 ,6 4 0 ,6 2 3 , again st
$ 5 ,9 0 4 ,7 5 3 In 1909.
R e p o r t fo r
R H P O R T .— A n n u al m eetin g fo u r th T h u r sd a y In O cto b e r ,
y ea r 1910 w as given In V . 91, p . 939, 949; see also p a g e 914.
1907-08.
1909-10.
1908-09.
9,415
9,916
9,795
A v e ra g e m iles o p e r a t e d ----------------------O p e ra tin g re v e n u e s _____ _____________ $ 1 0 4 ,9 9 3 ,1 9 5 $ 9 4 ,2 6 5 ,7 1 7 $ 90 ,617 ,79 6
O p era tin g ex p e n s e s ____________________ 6 9 ,7 6 1 ,8 2 0
5 7 ,4 9 5 ,1 9 5 6 0 ,6 2 9 ,9 1 5
T a x e s ...............................................................
4 ,0 0 6 ,4 1 9
3 ,0 1 5 ,2 1 9
3 ,2 4 4 ,5 9 6
A m oun t
O utstanding
N
J
J
J
O
N
()
J
A
<)
J
()
J
J
1 1952
Irre d e e m a b le
Jan 1 1933
J u ly 1 1948
J u ly 1 1926
O ct 1 1926
M ay 1 1915
A p r 1 1940
J u ly l 1935
A u g 1 1947
A p r 1 1939
Jan 1 1946
A p r 1 1934
Jan 1 1936
Jan 1 1938
a n te e d b y A tla n tic G u lf A W e s t In dies SS. C o ., w h ich In 1910 pu rch ased th e
5 b o a ts o w n e d . V. 82. p. 1267; V . 83, p. 35, 1290; V . 8 4 , p . 270; V . * 5 , p .
1404; V . 88, p . 4 5 1 ,5 0 3
E q u ip m e n t o b lig a tio n s o th e r than In ta b le a b o v e ,
$14 0 ,0 0 0 5s, m a tu r n g $10 ,000 q u a rte rly (Q .-M .) to M ch . 1 1914, o l w hich
$30 ,000 p ro v id e d fo r b y r e c e iv e r ’s certifica te s.
T h e c o n tr o lle d co m p a n ie s , the G eorgia T erm in al C o ., A la b a m a T erm in al
R R ., B irm in gh am Coal A Ir o n C o. an d B ru n sw ick SS . C o . w ere p la ce d In
r e ce iv e rs ’ hands In F eb . 1909, their b o n d e d d e b ts b e in g re s p e c tiv e ly
$ 3 ,0 0 0 ,0 0 0 , $ 2 ,4 4 5 ,0 0 0 , $ 4 ,1 5 9 ,0 0 0 (In clu d in g $ 2 ,0 0 0 ,0 0 0 o f B irm in gh am
Iro n C o.) an d $ 1 ,2 5 0 ,0 0 0 .
V . 84. p . 1427, 1551; V . 8 5 , p . 470; V . 88,
p . 156, 451 , 503, 563; V . 91, p. 465.
L A T E S T E A R N I N G S .— (1 9 1 0 ..................G ross, $ 4 4 2 ,9 9 0 ; n e t, $104,994
$ 5 7 ,4 8 *
2 m o s ., J u ly 1 to A u g . 31. \190S)-------------- G ross, $ 3 7 8 ,2 4 7 ; n e t,
F o r y ear e n d in g Ju n e 30 1910, gross, $ 2 ,5 7 9 ,3 4 6 , a g ain st $ 2 ,0 9 9 ,8 0 7 la
1908-09; net. $57 9 ,3 9 0 , a gain st $35 7 ,0 2 5 .
,
...
R E P O R T fo r y ear e n d in g Jun e 30 1908 In V . 8 7 , p . 1291, sh o w e d on 491
m iles, gross, $ 1 ,5 8 3 ,8 0 5 ; n e t, $ 4 2 6 ,6 6 3 ; o th e r In co m e , $13 6 ,6 8 9 ; In terest,
ta x e s , A c .. $51 8,71 4; b a l., s u r .. $ 4 4 ,6 3 7 . V . 8 3 . p . 22 7 .— (V . 9 1 , p. » « . )
A T L A N T A & C H A R L O T T E A I R L IN E R Y .— (S ee M a p Sou thern R ailw ay
S y s te m .)— O w ns C h a rlo tte , N . C ., t o A rm o u r, G a ., 263 m iles.
T h e o p e r a tin g c o n tr a c t o f 1881 a c c e p te d b y th e S ou th ern R y . reqalres tha
p a y m e n t o f Interest on A t. A C. d e b t and 5 % on s t o c k ; If gross earnings e x
ce e d $ 1 ,5 0 0 ,0 0 0 , d iv id e n d s t o be 6 % , and If th e y ex ce e d $ 2 ,5 0 0 ,0 0 0 , 7 % .
T h e $ 5 ,5 0 0 ,0 0 0 b o n d s e x te n d e d to Jan . 1 1910 a t 4 >4% w ere pu rab ased
b y the S ou th ern R y . an d p la ce d u n d er Its c o n s o l, m o r tg a g e .
V . 89, p. 1595.
D IV ID E N D S .
11881 t o ’8 9 . 1890. 1891 t o M c h .’01 in ch
S in ce
P ercen t—
] 5 y e a r ly .
5 >4
6 y e a rly (M A S ).
7 y r ly .(M A S )
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1909, gross, $ 4 ,3 0 5 ,1 7 4 , a ga in st
$4,0 0 0 ,2 6 2 In 1907-08; n e t, $ 1 ,8 3 2 ,5 6 6 , a ga in st $ 1 ,4 7 7 ,9 9 0 ; ln t. o n b o n d s,
$ 24 7,50 0; d lv s . ( 7 % ) , $11 9,00 0; o r g a n iz a tio n e x p ., $ 2 ,500; b a l., s u r .,
$ 1 ,4 6 3 ,5 6 6 . P r e s ., C. S . F a irch ild , N . Y . — ( V . 8 9 , p . 1595.)
ATLANTA & ST. ANDREWS BAY R Y . — O w ns fro m D o th a n , Ala., to
P a n am a C ity , F la ., on S t. A n drew s B a y . G u lf o f M e x ico , 8 o m iles; o p e n ed
J u ly 15 1908. S to c k a u th o riz e d , $ 1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g $ 30 0,00 0; par,
$100. T h e first 6s (C entral T ru s t A B a n k in g C o rp o ra tio n o f A tla n ta , O a .,
trustee) are s u b je c t to call a t par b e g in n in g O ct. 1 1911.
V . 8 8 , p . 685;
V. 8 3 , p. 270 .
F or 6 m o n th s e n d in g D e c. 31 1908, gross. $ 51 ,454 : n e t.
$16,185; Interest on b o n d s, $12 ,750 ; b a l., s u r .. $ 3 ,5 3 5 .
P res., A . B .
Steele, A tla n ta , G a .; S e c ., G . H . P u rv is, D o th a n , A la.
(V . 8 8 , p . 685.)
ATLANTA TERMINAL C O .— O w ns u n ion passenger s ta tio n o p e n e d
M ay 14 1905. w ith a p p ro a ch e s, used b y Sou th ern R y ., C entral o f G eorgia
R y . and A tla n ta A W est P o in t R R .
S to c k , $ 1 5 0 ,0 0 0 , o w n e d In equal p r o
p o rtio n s b y th e th ree co m p a n ie s n a m e d , w h ich p a y all charges an d e x
penses o n c a r basis. V . 7 6 , p . 593, 1394; V . 77, p . 699; V . 8 8 , p . 1196.
ATLANTA & WEST POINT RR.— A tla n ta , G a ., t o W e st P o in t . G a ..
86 m iles. G eorgia R R . M ch 3 l 1908 o w n e d $;>47,200 s to c k an d $388,000
d e b . c e r t.
A belt line a ro u n d A tla n ta . 5 *-4 m iles, Is o p e ra te d at ren tal o f
$16,000 y e a r ly — 4 % o n Its c o s t. V . 7 1 . P. 963 V . 73, p. 1354.
T h e sto ck h o ld e rs v o te d o n Jan . 20 1910 to Increase the s t o c k fro m $ 1 ,2 3 2 ,
000 to $ 2 ,5 0 0 ,0 0 0 , $ 1 ,2 3 2 ,0 0 0 b ein g offe re d to s to ck h o ld e rs a t par to retire
$ 1 ,2 3 2 ,0 0 0 d e b . 6s J u ly 1 1910; V . 89, p . 1595; V . 90, p . 013 ,
D I V I D E N D S begu n In 1855 w ere fo r m a n y years 8 % per a n n u m .
F rom
J u ly 1 1884 to J u ly 1901 Inclu sive, 6 % y e a r ly , J A J; O ct 1 1899. 25 % e x t r a i
1902 (?); 1903, 6 % ; 1904 to 1909, 6 % y e a rly ; 1910, 6 % .
In 1907-08, gross, $ 1 ,1 5 1 ,7 9 1 ; n e t, $23 5 ,3 8 6 ; o th e r In co m e , $ 44 ,631 ;
ch arges, $16 0,65 2; d lv s ., $73 ,932 ; s u r p ., $ 4 5 ,4 3 3 .— (V . 9 0 , p . 23 5 . 91 3 .)
ATLANTIC CITY R R — C a m d en t o A t la n tic C ity . 57 m (d o u b le track^
bran ch es, W in slow J u n ctio n to Cape M ay. N . J ., 55 m .; W lllla m sto w n , 23
m .; G lou cester, 12 m .; Sea Isle C ity , 12 m .; O cea n C ity , 10 m .; t o t a l, 168 m .
V . 7 2 , p. 1278. S T O C K , c o m ., $ 2 ,6 2 5 ,0 0 0 ; p r e f., $ 1 ,0 0 0 ,0 0 0 (p a r, $ 5 0 ).
R e a d in g C o . ow n s o v e r 9 9 % o f s to c k , an d gu aran tees co n s o l 4s, p rin cipa l
and Interest.
F orm o f g u a r a n ty , V . 7 5 , p . 1398. O f th e la tte r, $2,6 5 0 ,0 0 0
are reserved t o retire prior lien b o n d s.
See V . 7 3 , p . 8 1 .
th e r e are also
o u ts ta n d in g $23,500 Sea Coast R R . scries A 5s an d $ 2 ,8 3 4 series B »s.
E A R N I N G S .— 1 m o ., / 1 9 1 0 ........................ G ross, $ 3 0 5 ,7 1 1 ; n e t, 514 7,06 8
J u ly 1 to J u ly 31.
1 1 9 0 9 ............... ........ G ross, 26 6 ,1 8 1 ;
n e t, 1 1 9 ,0 5 7
F o r y ear en din g Ju n e 30 1910, gross, $ l,8 0 o ,0 0 7 ; n e t, $ 3 o 2 ,1 8 2 .
Ia
1908-09, gross, $ 1 ,6 2 6 ,0 5 5 ; n e t, $ 34 6 , 2 5 0 .— (V . 82, p . 750.)
ATLANTIC COAST LINECO-— O rga n ized
M ay 29
1889 u n d er
th e laws o f C o n n e cticu t, and ow ns a m a jo rity o f ca p ita l s to ck and a
large a m o u n t o f th e b o n d s o f the A tla n tic Coast Line R U . be lo w .
S T O C K , A c .— S to c k h o ld e r s v o te d J a n . 26 1910 to Issue $ 5 ,0 4 0 ,0 0 0 a d d i
tion al s t o c k , w h ich w as olle re d p ro rata to s to ck h o ld e rs a t par, p a y a b le
F e b . 28, the p roceed s to be used ch le lly to p u r c h a s e .a t 97 >4 an d Interest,
a n y o f the $ 5 ,0 0 0 ,0 0 0 4 % “ B ” certificates o f Indebtedness o ffe re d . T h is
Increased s to c k o u ts ta n d in g to $ 1 7 ,6 4 0 ,0 0 0 .
V . 89, p . 1666.
A s to the certificates o f In d ebted n ess, see ed itorial O ct. 1897, S u p
p le m e n t, p . 3; V . 65, p . 564; V . 71, p . 1310. In 1898 $5,0 0 0 ,0 0 0 s to c k w as
d istrib u te d as a 1 00 % d iv id e n d (V 6 7 , p 9 5 4 ) , and In 1900 $1 0 ,0 0 0 ,0 0 0 4 /o
certificates o f In debtedness (In clu din g $ 2 ,5 0 0 ,0 0 0 o f A tla n tic C oast Line
R R . C o . ) , as a 1 0 0 % d iv id e n d .
(V . 71, p. 697; V . 73, p . 4 9 3 .)
As to
securities p ledged to secure e q u a lly th e certificates o f In debtedn ess, see V .
17, p . 1310; V . 8 3 , p . 560.
B a l. sh eet 1910, V . 91, p . 1091.
CASH
V ’ 0 1 . ’ 02. ’ 0 3 . ’ 0 4 . ’ 0 5 . ’ 0 6 . '0 7 .
’ 08.
1909.
1910.
D I V S ._ % /4 > 4 6>4 8
8
9
10
10
8
2 ,2 ,2 J4.2 J4 T o S « p ., 7 J4
C h airm an, H e n ry W a lte rs .— ( V . 90, p . 3 0 2 ; V . 91, p . 1091.)
ATLANTIC COAST LINE RR. — {S ee M a p . ) — O perates fro m R ic h m o n d
and N o rfo lk , V a ., on the n o r th , to F o r t M yers, P o rt T a m p a and R iv e r J e t.,
F la ., on the s o u th , and M o n tg o m e r y , A la ., and A u g u s ta , G a .. on tho w e s t,
rea ch in g th e p orts o f N o r fo lk , V a .; W ilm in g to n , N . C .; C h arleston . S. C.,
Savannah and B ru n sw ick , G a ., and J a c k s o n v ille and P o rt la m p a 1'la.
S a v . F lo rid a A W estern R y . w as m erged In 1902. V . 7 4 , p . 774 , 829 .
In O ct. 1902 a cq u ire d $3(),600,U00 o f the $6 0 ,0 0 0 ,0 0 0 L o u isv ille A N a sh
ville R R . s t o c k fo r $ 1 0 ,0 0 0 ,0 0 0 c a s h , $ 3 5 ,0 0 0 ,0 0 0 In 4 % c o lla t . tr. b o n d s
and $5,0 0 0 ,0 0 0 s t o c k .
V . 7 5 . p . 7 3 3 , 7 9 2 , 905; V . 7 9 . p . 785.
Bay City
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C ompany,
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, A c . , see notes on first page]
Atl Coast L RR (C o n c l )—
A la b a m a M idlan d 1st M ? (D aln b to M on te) - - M p . x c
F lorid a S o 1st M g o l d ............. ...................................AIJ.o*
S a n ford A S t P ete rsb u rg first m tg e g o l d ------------- PeP
A s h le y R iv e r first m o r t g a g e ...............................................
Sll S p O A G 1st M gold (O cala to In v & b r ) . . T a . c *
A tla n tic & D anville— 1st M $-1,425,000 g Int re n t.M e c*
S econ d m o r t $ 1,525,000 g o ld Interest r e n t a l -.T a c*
Atlantic & N orth Carolina— S to c k $ 1 , 8 0 0 , 0 0 0 .. ..........
F irst m ortg a g e $ 3 2 5 ,0 0 0 ________________________ M eBa
A tla n tic & St L aw rence— S to c k 6 % rental G rand T r ’ U
A tla n tic & W estern — F irst m tg e $ 3 ,000,000 g o l d . . IB
A u g u s ta <& S av annah— S to c k 5 % rental C entral o f Ga
A u g u s ta Sou th ern — First c o n s o l m tg e g o l d ------ C e .x c
A u g u sta U nion S tation — First M $250,000 gold — SB
A v on (ie n e s c o & Alt M orris RR— S to c k (see t e x t i —
B a ltim ore C h esap eak e A A tla n tic— 1st M g o ld _ _ A lp .c +
Balt & C u m b erlan d Val R y — 1 st xVI Interest r e n ta l------Balt & Cumberland Val RR— 1st M Interest r e n ta l------B & C V RR E x ten — S to c k gu ($ 270,000 carries 7 % )
F irst m o r tg a g e Interest r e n ta l---------- -------------- - - B a
B a ltim ore & H a rrisb u rg RR— M o rtg a g e g o ld - M e B a .c*
F irst M W est E x t ($ 1 0 ,0 0 0 p m ) g o ld g u a r .A le B a .e *
B altim ore & O h io— C o m m o n s t o c k $ 1 5 2 ,7 5 0 ,0 0 0 --------Pref s t o c k 4 % n on -cu m au th o riz e d $ 6 0 .0 0 0 ,0 0 0 -----P rior Hen m tg e gold n o t s u b je c t t o c a ll------ M e .c * A r
First M gold redeem at 105 a fte r 1 9 2 3 ------ Us c * A t
S ou th w estern D lv 1st M $45 ,0 0 0 ,0 0 0 gold — F .c A * r
P itts Jun e ft M id D lv ($ 2 0 ,0 0 0 ,0 0 0 ) 1st M g -C e .c * A r
P L B A W V S v s r e f g red 100 a fte r 1 9 2 5 .. Un c * A r
N ew Y o r k D lv A T e r m first m tg e $ 1 0 ,000 ,00 0 g o l d .
O onv d eb en tu res g o ld re d e e m (see t e x t ) . .......... .. —
C ou p on g o ld n o te s ........................................................
E q u ip m e n t b on d s d u e $ 1 ,0 0 0 ,0 0 0 y e a r ly --------R o n d s U n d e r l y i n g F irst M or'gage 3
%
l o a n 1853 e x te n d e d In 1885 g<0ri
...................
P ittsbu rgh A Con 1st M e.xtrndf d In 1800 In g o l d ___
Cent O h io $ 2 ,5 0 0 ,0 0 0 eon 1st M (1st loan) g .A le B a c
P ittsb u rgh J u n ctio n 1st M $ 1 ,440,000 gold
Ate.e*
M ile s
Road
D ate
B on d s
174
244
145
4
64
275
275
1888
1895
1894
1877
1888
1900
1904
95
167
10
53
82>4
1887
88
3
5
1894
1879
1879
27
32
15
1881
1886
1888
1,076
1 .657
930
384
1,642
1898
1898
1899
1898
190!
1905
1o m
1903
1894
1903
10 10
___
1910
1910
Par
V a lu e
$1,000
l .o o o
1,000
1,000
1,000
1,000
100
1,000
.£ A 8100
1,000 A c
100
1,000
1,000 A c
100
1.000
500
100 A c
50
1,000
1.000
1,000
100
100
500 A c
500 Ae
500 A c
500 A c
1,000
1 non
100,000
1,000 A c
1,000
R ate
%
A m ount
O utstanding
$2,800,000
5 g
2,4 1 8 ,0 0 0
4 g
275,000
4 g
33,500
8
492,000
4 ?
4 g
3 ,925,000
1,525.000
4 g
1,797,200 See t e x t
6
325,000
5 ,484,000
6
2,000
5 g
5
1,022,900
400,000
6 g
225,000
4 g
225.000
3K
5 g
1,250,000
48,500
6
72 800
6
390,600
5 A 7
230,000
6
690,000
5 g
240.000
5 g
152 ?3 8 800 6 In 1910
E9 983 954 1 In 1910
74 824 "00
3 Vi g
74,097 250
4 g
4 4 .9 5 1 ,6 4 "
3H g
X 6 .I7 5 .2 3 •
3 Id g
4 e
4 3 ,280.000
See text
4 ?
non
4
1 0 . 000,000
4 g
4 0 ,0 0 0 ,0 0 0
4M g
See te x t
4
500 A c
102.500
1853
1 .000
5 6 000
1868
1,009,000
1.000
144 1886
1
.0OO
0934.000
7 1882
P itts . f, F . a w . V a . S y s . 4s.
877
1
4 g
4 e
4 y2 e
6 Vf
C ou ps.
W hen
P a yable
Last D ivid en d
and M a tu r ity
M
J
J
J
J
J
A N N o v 1 1028
A
J Jan 1 1945
A
J Jan 1 1924
A
J Jan 1 1915
A
J J u ly 1 1918
A
J July 1 1948
J A J J u ly l 1948
Sem i-an Ju ly 20 '10 1 Vi
A
J Ju ly 1 1917
.1
is S e p t 1910 3 %
M A
A
J Jan 1 1944
J
A
J
J J u ly 6 1910 2 Vi
A D D ec 1 1924
.1
A
J
J J u ly 1 1953
.1 J u ly 1 1910 I X
J A
.VI A
Sep l 193 4
A
.) J u ly 1 1929
J
A
J
J J u ly l 1929
A
.1 J u ly 1 1910
J
A
J J u ly 1 1931
J
M A N N o v 1 1936
M A N M ay 1 1938
M A
S S ep t 1 1910 3 %
Js S ep t 1 1910 2 %
M A
A JTJ J u ly 1 1925
J
A A o jl J u ly 1 1948
A jil J u ly 1 1925
J
N o v 1 1925
z
M A N N o v 1 1941
A 1) Jun e 1 1948
J
\» A
'f o b 1 101 1
M AS10 M ch 10 1911
1913
.1
A D Jun e
F A A T o F e b 1 1920
A
,1
M
J
M
A O
<Jc J
A
A
J
A N .:
O ct 1
J u ly 1
Sept 1
J u ly 1
reg.
1935
1946
1930
1922
tit. Q .-F .
P la ces W here Interest and
D ivid en d s are P a yable
M etro p o lita n T r C o, N Y
U nited S tates T r C o, N Y
do
do
P e o p le ’ s B k , C h ast’n.SO
U nited S tates T r C o, N Y
M erca n tile T r u s t C o, N Y
T ru st Co o f A m e r ic a , N Y
C heck from C o ’s O ffic e
N at M e ch a n ics’ B k , B a lt
L o n d o n and P ortla n d
In te rn a tio n a l T r C o , B ost
Savannah. Ga
J P M organ & C o, N Y
S a fe D e p ft T ru s t C o ,B a lt
Erie R a ilr o a d , N ew Y o rk
B road St S ta tio n , P h lla
Farm A M ech B a n k , B a lt
do
do
do
do
do
do
do
do
do
do
C o ’ s O ffic e . 2 W a llS t .N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
" R eg , Int. Q .-J.
O F F I C E R S .— C h airm an o f B o a rd , H enry W alters; P r e s ., T M. E m erson ;
L ines ow ned, A c .— (C o n .) — A llie s .
L in es OILned and truckage M iles.
1st V lc e -P r e s .. A lexan der H am ilto n ; 2d V ice P r e s .. C. S. G a d sd en : 3d V lceP a ola J e t. near S a n fo rd t o St.
R ic h m o n d , V a ., t o P o st T a m p a ,
P re s., J. R . K e n ly ; G en. M gr., W . N . R o v a li: S e c ., H erbert I B ord en ;
P e te rsb u rg , F la ----------------------- 145
Fla ............................
906
T r e a s ., Jam es F . P o s t.— ( V . 8 9 , p . 148 1, 1595; V . 9 0 . p . 166, 1238.)
P a la tk a , F la ., to B r o o k s v l l le .. 145
N o rfo lk . V a ., t o S o u th R o c k y
163
M ou n t ............ ......... ...................— 115 M llldale, F la ., t o P e r r y ...............
ATLANTIC & DANVILLE R Y . — (See M a p S outhern R y . ) — W e s t N o r
C on ten tn ea t o W ilm in g t o n ------------105 B ra n ch e s, A c _____________________1,518
folk to D an ville V a ., 205 m iles, th re e b ra n ch e s, 22 m iles; Jam es R iv e r Jet
Leased—
W ilm in g to n , N . C ., t o P e e .Dee
to C larem on t (3 -ft. g a u g e ), 50 m .; t o ta l, 277 m .
L eased to S ou th ern R y .
J u n c t i o n ------------------------------------- 07 Central R R . o f S o . C arolina—
from S e p t. I 1899 to J u ly 1 1949 for t a x e s , repairs, m a in te n a n ce and cash
L a n e t o S u m te r, S. O ________
40
F loren ce, S. C ., t o A u g u s ta , G a . . l 6 6
rental su fficie n t to c o v e r Int. c h a rg e s, w ith p rivile ge o f renew als for term s o f
13
S u m ter t o C o lu m b ia ------------------------- 43 O th er lin es_______________________
99 yea rs.
In a d d itio n the Sou th ern R y . agrees to p a y th e sa m e rate o f d iv i
Y a d k in J e t. (W ilm in g to n , N . C.)
d e n d s o n c o m . s to c k as paid on Its o w n c o m . s t o c k . V . 7 1 ,p .4 4 7 ; V .7 9 ,p .6 2 5 .
T o ta l In e a m ln g s --------------------- 4,4 6 3
to S a n fo r d ------------------------------------116
W a y c r o s s , G a ., t o F o lk s to n , G a . . 34 C losely allied lines (see e ach c o .) —
S
T
O
C
K
.
-C o m ., $ 2 ,1 8 0 ,0 0 0 .
P re f. shares w ere ca n ce le d p rior t o J u ly 1
Jesup. G a ., to M o n tg o m e r y , A la . 354 L ou isville & N a sh ville ______ 6,970
190 1. See V . 7 1 , p . 1 8 1 .8 6 2 ; V . 7 3 , p . 7 2 2 , 056; V . 7 9 , p . 625.
B ru n sw ick , G a ., t o A lb a n y _______ 160 C harleston & W estern C a ro lin a . 341
71
D u p on t J e t. to F ort M yers, F l a ..3 4 0 N orth w estern R R . o f S o. C a r . .
B O N D S .— O f th e $4,4 2 5 ,0 0 0 Is o f 1900. $50 0,00 0 can he Issued on ly for
Im p ro v e m e n ts u p on requ est o f Sou th ern R y ., Interest charges t o be cov e r e d
A ls o ow n s o n c -s lx th Interest In th e R lc h m o n d -W a s h ln g to n C o.
Leases,
b y Increased rental. O f the $ 1 ,5 2 5 ,0 0 0 se c o n d 4s. th e re m a in in g $750,000
Jointly w ith the L o u isv ille & N ashville R R ., th e G eorgia R R ., 571 m iles.
w ere Issued J u ly 1 1909. V . 77, p . 195.— (V . 7 9 , p . 967; V . 8 9 , p . 1410.)
In July 1909 agreed w ith N o rf. & W est, to build lo ln tly W in ston -S alem
S ou th b o u n d R R ., W in s to n -S a le m , N . C ., t o W a d c s b o r o , 88 m iles, to be
ATLANTIC & LAKE S U P E R IO R R Y — V . 80, p . 1595; V . 90, p . 107.
c o m p le te d N o v . 1910, the tw o p ro p rie ta ry co m p a n ie s t o guaran tee an
Issue o f 1st M . 5 0-year g o ld 4s. V . 89, p . 161, 598; V . 90, p . 238.
ATLANTIC & NORTH CAROLINA RR.— M orehead C ity to G old s
O R G A N I Z A T I O N .— O rigin ally th e A tla n tic C oast L in e o f V a. (ch a n g e o f
b o r o . N. C ., 95 tnlles. S tate o f N orth C arolina ow ns $ 1 ,2 6 6 ,5 0 0 o f
n am e b e in g a u th orize d A pril 23 1900); A pril 18 1900 ab so rb e d b y c o n s o lld a
$ 1 ,7 9 7 ,2 0 0 s to r k .
Leased from S e p t. 1904 to Ja n . 1 1996 to A tla n tic A
tlon (per plan V 7 0 , p . 8 4 0 , 893) th e fo llo w in g allied p ro p e rtie s : W llm ln g
N orth C arolina Co. (th e lease be in g later transferred to N o rfo lk A S outhern
ton & W e ld o n R R . , A tla n tic C oast L in e railroads or S ou th C a io lln a and
R y .) for Interest on b o n d s, ta x e s, A c ., and d iv id e n d s at 3 % y ea rly for
V irgin ia and N o rfo lk & C arolina R R .
T h e F lo rid a Sou th ern and San ford A
20 years, Increasing >4% y e a rly e v e ry ten years until 5 % Is reach ed :
S t. P etersb u rg w ere m erged A p ril 1903. V . 76, p 918 . 971. T h e A tla n tic
th e re a fte r. 6 % : lessee also agreed to e x p e n d $25 0,00 0 b y S ep t. 2 1007
C oast L in e C o. (o f C o n n .) June 30 1910 ow n ed $ 3 ',0 0 8 ,4 9 5 co m m n s t o c k .
fo r Im p rovem en ts am i e q u ip m e n t.
V . 79, p . 967.
See th a t c o . a b o v e .
V . 70, p. 893; V . 71, p . 1116, 1310; V . 8 3 , p . 560.
D I V I D E N D S .— ’ 93. ’ 94. ’ 95. ’ 96. '9 7 . ’ 08. ’ 99. 1000-04. U n d er lease
S T O C K .— A tl. Coast Line o f V a . class A (R ic h . A P e t. c t fs .) t a x -e x e m p t
P e rce n t-. . . . . - . 2
2 0
2
2
2
2
0
as a b o v e .
s to c k w as assum ed as s o m u ch o f th e com s to c k o f th e new c o m p a n y .
P r e s ., F ran k S. G a n n o n .— (V . 8 3 , p. 1590, 1522.)
S tock h old ers v o t e d N o v . 1909 to Increase the total au th o riz e d s to c k fro m
$ 60 ,000 ,00 0 t o $ 7 2 ,1 0 0 ,1 0 0 , to p ro v id e fo r the co n v e rs io n o f new 4 % c o n
A T L A N T IC Q U E B E C & W E S T E R N R Y .— V . 9 0 . p . 107, 1044.
v ertib le d eb en tu re b o n d s.
V. 8 3 , p . 490, 1295; V . 89, p . 1141, 1346.
T h e pref. s to c k ($ 1 8 ,8 5 0 ,0 0 0 ) w as In 1902 m o s tly ex ch a n g e d fo r 1 2 5 % In
ATLANTIC VALDOSTA & WEST ERN RY.— S ee G e o rg ia S o . A Fla RR.
4 % certifica tes o f In debtedn ess. V . 7 5 , p. 1252.
A U G U S T A A S A V A N N A H R R . — M lllen to A u g u s ta , G a ., 53 m iles.
In
D I V I D E N D S ( % ) ’ 00 ’ 0 1 . ’ 02. ’ 0 3 . ’ 04. ’ 0 5 . ’ 06. ’ 0 7 . 1908. ’ 0 9 . 1910.
1895
re leased t o C e n .o f G a. fo r 101 yrs. at 5 % on s t o c k .— ( V . 6 1 , p. 239 .)
c o m . (I n c l.C l.A )____
2K 3K 5
5
«5
6
6
55H
5V$
6
P r e f e r r e d ________ 2 H 5
5
5
5
5 5
5
5
5 M a y ,2
A U G U S T A S O U T H E R N R R .— O w ns fro m A u gu sta t o T e n n llle, G a ., 82
a Mso 2 0 % In com s to c k scrip and 5 % In A tla n tic Coast Line C o. 4 %
m iles. T h e Sou th ern R y . In Ja n . 1901 a cq u ire d a b o u t fo u r-fifth s o f s to c k .
certificates o f In debtedn ess. V . 81. p . 1558. b In clu d e s 3 % p aid In Jan.
V . 73. p . 313. Com s to c k . $10 0 ,0 0 0 ; p r e f., $ 3 5 0 ,0 0 0 ; p a r , $100.
Y ea r
In A tla n tic C oast L in e R R . 4 % certificates o f in debtedn ess.
en din g Ju n e 30 1910, gross, $20 9,78 4; n et, $68 ,9 0 3 ; ch a rges, $ 4 0 ,5 4 7 ;
B O N D S .— First co n s o l. 4s o f 1902 (lim ited to $5 1 ,3 2 6 ,0 0 0 o u tstan d in g)
b alan ce, surplus, $ 2 8 ,3 5 6 .— (V . 80, p . 2219, 2450.)
are a Ilrst lien on 1,021 m iles o f road an d a blan k et lien o n 2,927 m iles o w n e d ,
X U G U S T A U N IO N S T A T IO N C O .— O w ns u n ion passenger s ta tion at
su b ject to th e u n d e rlyin g b o n d s.
V ugusta, G a .. used b y all roads en te rin g th e c it y , the latter u n d er th eir o p
T h e s to ck h o ld e rs on N o v . 16 1909 (V . 89, p . 1141, 1346) a u th o rize d (1)
c ra tin g c o n t r a c t p r o v id in g for Interest on the b on d s and 4 % d iv id e n d s on
\n Issue o f n ot e x c e e d in g $ 2 0 0 ,0 0 0 ,0 0 0 unified m o rtg a ge 50 -y e a r 4 % bon d s;
S to c k , $75,000 ( 5 % paid In ), held e q u a lly b y Sou th ern R y ., A tla n
(2) $ 2 3 ,5 6 2 ,5 0 0 4 % d e b e n tu re b o n d s c o n v e r tib le Into c o m . s t o c k , these last s t o c k .
tic Coast L in e R R . and G eorgia R R .
V . 7 8 , p. 2333; V . 7 9 , p. 500.
P res.
to p ro v id e an altern a tiv e m e th o d o f retiring th e $ 2 3 ,5 6 2 ,5 0 0 ce rtillca te s o f
T h o s. K . S c o tt: S ec. and T r e a s ., C a rlton H iliy e r.— (V . 8 2 , p. 48.)
Indebtedness If the holders e lected t o e x ch a n g e fo r d e b e n tu re b on d s at
par prior to M arch 1 1910; an d (3) to Increase the c o m . s to c k to an a m o u n t
A U S T IN & N O R T H W E S T E R N R R .— See H o u s to n A T e x a s Cen tral R y .
su fficien t to p ro v id e fo r co n v e rsio n o f the d e b e n tu re b o n d s.
A V O N G EN E SE O & M T . M O R R IS R R — M t. M orris t o A v o n , N . Y . . ,1 8
P u rp oses Jor W hich the $ 20 0,00 0,0 00 U nified 4s W ere or A r e Issuable.
m iles,
[.eased to Eric R R . Feb 26 1896 In p e r p e tu ity ; rental (a fter 1 9 0 1 ),
T o b e Issued fo r Im p rovem en ts anil to retire $ 2 ,0 0 0 ,0 0 0 J a c k . A
3 14 % on s t o c k .— (S ee V . 6 3 , p. 512; V . 62, p 318 , 589.)
S. W . b on d s, $ 1 ,6 0 0 ,0 0 0 W il. C ol. A A u g. 6s due Jun e 1 1910
an d $ 5 ,0 0 0 ,0 0 0 A tla n tic Coast Line R R . n o te s _______________$ 15 ,000 ,00 0
BALD
EAGLE V A LLE Y R R — Merged In P en n . R R . In 1908.
R eserved to retire sam e a m o u n t o f 4 % certs, o f In debtedness, It
su rren dered p rio r to M arch 1 1910 (on Jun e 30 1909 o n ly
B ALT. A ANNAPOLIS SHORT LINE R R .— See E lectrlo R y . S e c t io n .”
$ 21 ,566 ,00 0 o f these c e rts, w ere o u tsta n d in g , rem ain der re
BALTIMORE C H E S A P E A K E & A T L A N T IC R Y — O w ns C laiborn e
served to retire p re f. shares still u n e x ch a n g e tl)_______________ 23,562,000
to O cea n C ity , M il., 8 7 .6 6 m .; from C laiborn e to B a ltim o re . 44 in ., transfer
R eserved to retire u n d e rly in g b o n d s ---------------------------------------------- 84,0 9 0 ,0 0 0
is m ade b y w ater; ste a m e r lines o w n e d , 1.134 m .; t o t ,.' m ileage ow n ed
R eserved (alon g w ith a n y b o n d s n o t Issued to retire ce rts, o f
am i o p e ra te d 1 221.66 in. C on trolled b y P e n n sy lv a n ia R R am) allied
Indebtedness) fo r fu tu re co n s tr u c tio n . Im p ro ve m e n ts, A c . ) - - 77,3 4 8 ,0 0 0
lines
V 69 n 5 4 1 . 590 : V . 5 0 , p . 371 .
P re f. s t o c k , $1,5 0 0 ,0 0 0 5 % cuin
T h e 4 % c o n v e r tib le d e b e n tu re s will be redeem able a fte r M ay l 1916 at
c o m .’. $ 1 .0 0 0 .o 6 o .
O lv . on p r e r .. 2 % M c h . 1 1005’ In 1906. M ob ., 3 % ;
103 and c o n v e r tib le a t the o p tio n o f the h old er Into c o m m o n s to c k a t $135
O c t ., 2 % : In 1907. M arch , 3 % ; S e p t., 2 % ; In 1908, O c t ., 2 % ; 1910, J a n .,
a share a t a n y tim e up to Ja n . 1920, o r . If called, up to 30 d a y s p rior to the
5 % ; S e p t ., 2 % .
.
,
d a te o f re d e m p tio n . T h e h o ld e rs o f all but $23 2,90 0 o f the $2 1 ,5 6 6 ,6 0 0 4 %
Che s to ck h o ld e rs v o te d on J a n . 26 1005 to a cq u ire a m a jo r it y o f the s tock
certs, o f Indebtedness exercised th e o p tio n to e x ch a n g e on o r before M c h .l
o f the M aryland D elaw are A V irgin ia R y .. e x te n d in g from Q u een stow n ,
1910 their certs, fo r d e b . b o n d s o r untiled M. bon d s a t par. V .8 0 , p . 1481.
\fd , ro Lewes rod , w ith branches a total o f 77 m , and g u aran tee $ 2 ,0 0 0 ,
A s to the $ 3 5 ,0 0 0 ,0 0 0 co lla te ra l trust 4s o f 1902, see " O r g a n iz a tio n ”
000 o f Its first m tg e . b o n d s. See th a t c o . V . 80, p. 116, 1058.
a b o v e . T h e y are s u b je c t to call a t 105 In am ou n ts n o t less than $10 0,00 0.
Fiscal y ear n ow en ds D e c. 31.
In 1909, gross, $ 1 ,0 3 6 ,0 5 9 ; n et, $25 0 ,9 6 5 ;
T h ere w ere ou ts ta n d in g M arch 1 1910 $55,000 B runs. A W e st. In com es.
o th e r Incom e, $13 ,0 4 2 ; charges and Im p ro ve m e n ts, $12 2,81 6; d iv id en d s
T h e W a sh in g ton A V a n d e m e re 4 M s ($ 1 ,5 0 0 ,0 0 0 a u th o riz e d , o f w hich
( 5 % ) , $75 ,0 0 0 ; b alan ce, su rp lu s, $ 6 6 ,1 9 2 .— (V . 84, p. 1 302 ; V . 87, p . 284 .)
$ 7 2 0,00 0 o u tsta n d in g) are g u a r ., p. A 1., b y en d o rse m e n t. V . 8 4 , p. 1246.
F I N A N C E S .— In F e b .1910 th e L o u isville A N ashville d iv id e n d rate w as
BALI IMORE A CUMBERLAND (RR. AND R V .l , T h e R ailroad ex
raised from 6 to 7 % .
V . 89, p . 1595.
tends from S ta te Line, M d .. to W a y n e s b o r o , P a .. 4 .5 5 m iles; s t o c k , $ 76 ,700 .
in $50 shares. T h e R a ilw a y e x te n d s from K d g e m o n t M d .. to S ta te L in e.
L A T E S T E A R N I N G S .— / 190 9-1 0--G roS S , $ 2 9 ,8 1 0 ,8 6 8 ; n e t, $9,987,151
P a ., 3 m ; s t o c k , $ 4 2 ,5 0 0 , In $100 shares. B oth are leased to W estern
12 m o s ., J u ly 1 to J u n e 3 0 . \ 1908 - 0 9 . -G r o s s , 2 6 ,1 4 4 ,0 6 5 ; n e t, 8,0 8 1 ,1 6 6
M aryland R R fo r 50 years from J u ly 1 1879, w ith p rivile ge o f renew al or
R E P O R T — R e p o r t fo r y e a r e n d in g Jun e 30 1909 a t le n g th , V . 89. p.
purch ase: ren tal. Interest on b o n d s.
1340, 1352 (ed itoria l, p. 1312). C o m pa rison s w ith 1906-07 In accurate.
1908-09.
1907-08.
1906-07.
B A L T IM O R E A C U M B E R L A N D V A L L E Y E X T E N S IO N R R .— W a y n e s
Iross re c e ip ts _________________________ $ 2 6 ,1 4 4 ,0 6 5 $ 2 6 ,029 ,05 2 $26 ,771 ,52 8
bo ro to S h lp p e n sb u rg , P a .. 26.52 m iles.
Leased to W estern M aryland R R .
Operating exp en ses an d t a x e s _________ 1 8 .0 6 2 ,899
20.043,794
20,442 027fo r 50 years from J u ly 1 1881, w ith privile ge o f re n e w a l, for Interest on b on d s
and d iv id e n d on s t o c k , a m o u n tin g In all t o $ 38 ,730 . See ta b le a b o v e and
N et receip ts from t r a ffic . .............
$ 8 ,0 8 1 ,1 6 6
$5,985,258
$6,329,501
V . 75. p. 6 6 5 .— (V 7 5 . p . 665 )
)th e r In com e..................................................
1.2 1 5 .7 6 5
1,463,376
837,428
(6)1836600
Dividend on L . A N . s t o c k .............. ( 5 >$) 1 .0 8 3 .'0 )0 (5 M) 1683000
BALTIMORE A HARRISBURG RR.— E m o r y G ro v e , Md. to O rrtann a
P a ., 59 m ., w ith bra n ch e s, 7 m . , to ta l, 66 m . Leases B a lt .A H arrisburg K y.*
T o ta l net re ce ip ts___________________ $10 ,979 ,93 1
$9,1 3 1 ,6 3 4 $ 9 ,002,929
W estern e x te n s io n , O rrtann a to H lgh fie ld , 15 m ., g u aran teein g In tereston
D educt—
Its b o n d s.
Leased to W estern M aryland R R . fo r 50 years from
t .2 3
In terest on b on d ed d e b t . A c ___________ $ 5 ,4 3 9 ,8 , 8 $5,359,313
$5,022,208
1886; ren tal. Interest on b o n d s and 5 % on p re f. s to c k (all p aid M A N ) .
I n t. o n certillca tes o f In d e b te d n e ss_________________ 8 6 2 .7 5862,754
4
862,766
S to c k , c o m ., $690,000; p r e f., $ 2 9 .1 0 0 .— (V 4 4 . p . 812 .)
H ire o f e q u ip , an d term re n ts________
4 - .569
128.420
D iv id en d on preferred s to c k ( 5 % ) ___
7 9 .830
79,830
BALTIMORE A OHIO RR .— (See M a p .)— ROAD.— O perates 1 from B a lti
79,830
D iv id en d on c o m m o n s t o c k .............( 5 1 4 ) 2 ,6 6 9 ,5 6 8 (5 ^ )2 6 6 0 5 4 0 (8)2 ,9 1 2 .2 5 6
m ore to P h iladelphia and B a ltim ore to C h ic a g o , C incinnati and S t. L ou is,
total m ileage leased, o w n e d and op e ra te d In J u ly 1OH), 4,434 m iles.
R oy a l
B a la n ce , su rp lu s.................... ................ $1,879,381
$31 ,777
$125,869
Blue L in e” (see Central R R o f N .J ) gives aecesa to N ew Y o r k .
R A IL R O A D C O M P A N IE S
[For abbreviations, A c ., see notes on first page]
M iles Date
Road Bonds
P ar
Value
Amount
Outstanding
Rate
%
When
Payable
Last Dividend
and M aturity
Places Where Interest and
Dividends are Payable
B & O (Concl.) — P itts J u n o 2n d M 530 0 ,0 0 0 g M e .* c
7
1894
$1,000
a$2 43,0 00
5 g
A
J J u ly 1 1922
O ffic e ,2 W ail S t .N Y
G lev L o r A W h eel co n s M (n ow 1st) g o ld
- U sm .c*
G eneral m o rtg a g e $ 1 ,0 0 0 ,0 0 0 g o ld red eem 1 0 5 . N.c
C on s re l M $ 1 0 ,0 0 0 ,0 0 0 g o ld red at 1 0 2 H - - T a .c *
C levela n d T erm A V a lle y 1st M g o ld g u a r . - M e . c ' Ar
M on on gah ela R lv R R 1st M g o ld guar B A O
C e .c
O h io A L ittle K a n R y 1st M $25 0,00 0 r e d 105 gold
O h io R iv e r first m o r tg a g e ($ 2 ,000 , 000 ) g o l d . - F P .c *
G eneral m o r tg a g e ($ 3 ,0 0 0 ,0 0 0 ) g o ld 1st o n 3 0 1?10
R a v S p A G1 1st M $ 40 0,00 0 g gu ar p A l . - F P . c
H u n tin g to n & B ig S 1st M ($ 4 0 0 ,0 0 0 ) g g u a r - . c *
P itts b u r g h C levelan d & T o le d o first m o r tg a g e g o ld
P itts b u rg h N ew ca stle & L E 1st M
P itts b u r g h & W este rn 1st co n s M * 1 9 ' 9 0 9 ^°92ftK- - cn
E llw o o d S h ort L in e first m tg e g o ld $30 0,00 0
0
W V a & P 1st M g o ld 5s sca le d ; red at p a r - .M e l i a .c
192
192
102
88
30
72
172
209
33
11
77
30
215
3
176
1893
1896
1900
1805
1889
1900
1886
1887
1890
1892
1882
1878
1887
1892
1890
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100 A c
1,000
1,000
1,000
5 ,0 0 0 .0 0 0
890 ,000
9 50 .000
3 ,3 0 1 ,0 0 0
7 00 ,000
228,000
2.000,000
2 ,9 4 1 .0 0 0
361 ,000
303 ,000
441,000
82,100
650,000
300 ,000
3 ,9 8 3 ,0 0 0
A
5 g
J
5 g
4M g J
\1
4 g
F
5 g
M
5 g
J
5 g
A
5 g
F
6 g
J
6 g
A
6 g
J
4 g
,1
4 g
J
5 g
A
4 g
A
A
A
A
A
A
A
A
A
A
A
A
A
A
A
O O ct 1 1933
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
First N at B k , A lleg h en y
J P M organ A C o , N Y
C o ’fl o ffic e 2 W a ll S t. N Y
do
do
B a lt A N ew Y o r k R R 1st m tg e g o ld guar M e B a .c& r
M on R iv e r C oa l M $ 1 ,5 0 0 ,0 0 0 g o ld s f redeem at par
S ch u y lk ill R iv e r E S R R 1st M g o ld guar p & l end
S ta ten I si R a p T r a n 1st M 3 1 .000,000 g $ o r £ . U s , c
S ta ten Isla n d R y first m t g e $ 1 ,0 0 ^ 0 0 0 M id
Me c
B alt & O h io C h ic T erm R R — C h & G tW 1st M g ass d . c
C ity o f C h ica go pu rch ase m o n e y m o rtg a g e assum ed
F irst m o r tg a g e $ 5 0 ,0 0 0 ,0 0 0 a u th o r iz e d ............... - -
B a ltim ore & P o t o m a c — See P h lla B a lt A W a sh in gton
5 )4
1889
1895
1903
1883
1893
1886
1,000
1,000
1.000
1,000
1,000
1,000
M
J
J
A
J
J
M
A
A
A
A
A
A
A
A
A
Bonds Underlying Pittsburgh Lake Erie A West. Virgin la 4s
Leased Lines. A c .. Securities
12
11
13
___
1910
50,000
5 g
618,000
5 g
5 ,0 0 0 ,0 0 0
4 g
1,00 0 ,0 0 0
6 g
511 ,000
4 )4 g
3 94 ,000
5 g
5
650 ,000
28 ,0 0 0 ,0 0 0 See t e x t.
100
1,000
1803
1,000
1895
1,000
1899
I S “ £ o ” i w M K m t e d iV n ' i o o . a o o i ' - : a ™
1,000
1899
V B u r E x t 1st M $50 0,00 0 g (V 0 9 , p 9 5 2 ) . . . . a . c
1,000
1897
A r o o s t o o k N orth ern first m tg e * 225,000 g o ld
U .c
1,000
1901
C on sol refu n d in g m o rtg a g e $ 2 0 ,0 0 0 ,0 0 0 g - .O B . c
1,000
1907
M ed ford E x t 1st M $ 1 ,0 0 0 ,0 0 0 g (V 8 4 . p 0 9 2 ). U s .c
1909
1,000
W a s h b u rn E x te n sio n 1st M g o l d ..................C e .c a t
1909
1.00C
S t Joh n s R lv E x t 1st M $80 0 ,0 0 0 g u .........................Ce
1 ,00t
■02-'95
A r o o s to o k C o u n ty b o n d s (assum ed) - - - - - 1,000
54 1005
N orth M aine S e a p o rt 1st M
a r p h an rl
o
w
n
ed b y
e
being
balanc
a " T o t a l Issued” sh o w n In first left hand co lu m n
211
211
77
33
15 H
412
28
55
32
“ ■WES
3 ,0 04,200 4 in 1910
3 ,3 6 0 ,0 0 0
5 g
112,000
5 g
1,50 0 ,0 0 0
5 g
500,000
5 g
225,000
5 g
6,721.000
4 g
1 .0 0 0 ,00C
5 g
1,650,000
5 g
5
953,000
4 )4
728,000
4.668,000
5 g
B a ltim ore A O h io
J
O
A
J
()
D
J
J
O
June 1 1936
Jan 1 1930
N o v 1 1995
Feb 1 1019
M ch 1 1 9 5 0
Ju n e 1 19 36
A p r 1 1937
A u g 1 1920
Ju ly 1 1922
O ct 1 1922
Jun e 1 1917
J u ly 1 1917
Jan 1 1 9 2 2
A p r 1 1990
N
D
D
O
D
I)
N
O
M ay 1 1939
D e c 1 1945
Ju n e 1 1925
Jan 1 1913
Jun e 1 1943
Jun e 1 1936
M ay 1 1938
A p ril 1 1960
do
do
A m er B o n d in g A T r .B a lt
518 W a ln u t S t , P h lla
17 S ta te S t, N ew Y o r k
17 S ta te S t, N ew Y o r k
M e rca n tile T ru st C o , N Y
T o C ity o f C h icago
J u ly 12 TO 2 %
Jan 1 1943
Ju ly 1 1945
Jan 1 1943
Jan 1 1943
O ct 1 1947
Ju ly 1 1951
M ay 1 1937
A u g 1 1939
A u g 1 1939
S ept 12-J u ly 15
A pr 1 1935
C h eck s m ailed
G uar T r u s t C o , N ew York
do
do
do
do
do
do
do
do
B ro w n B ro s, N Y ; A B oa t
do
do
C en tral T ru st C o , rf Y
do
d#
F o u rth N at B k , B o s to n
B ro w n B ros N Y Boa A P h
D
J
N
A
S
D
S e m l-a n .
A
J
J
&
J
J
A A 0
A A o
A A o
A
J
J
M A N
F A A
F A A
V a riou s
A A O
B A L T IM O R E & O H I O - ( - S « M a p )-(C on clu d ed )
VUV
V /llo
t lVw
I I in g lines:
T h e sy stem e m b r a c e s , s u b je c t to mU oU rl tg a g e s I, th
e Ifo
___
1 /iw
(17A m
WAi1e>9
ttQhlirffh
*. W
u rg h AA
Wpstpm
e s te rn ____________
o21
P r l i Z i «z Z
% M - </11 .076
m .)
M l les PP ittsb
P
ltts
b
.
C
leveland
A
T o le d o ........... 77
B a lt, to W h e e lin g . B e lp re , O ., A c.721
53
O u m b . to P ltts b A W , A c ..............355 P ltts b .P a ln e s v . A F a l r p o r t ------E astern O h io .......................................
17
1st M . 4 % — (581 m iles.)
11
B a lt, t o P h lla . an d b ra n ch e s.......... *37 T ru m b u ll A M a h o n in g ----------------30
O h lca go, 111., to A k r o n , O ................378 M on on gah ela R iv e r R R ------------92
B ran ch es t o F a I r m o n t ,W .V a .,A c . 66 C leve. T e rm in al A V a lle y ----------C leve. L o ra in A W h eelin g R y .,
South W . D ie . 3 ) 4 % A f-—
W h eelin g t o C le v e la n d . A c — a l9 5
B elp re, 0 . , v l a C ln cln . to S t.L . A c 930
O h io R iv e r R R . L in es—
Pitts. Jet 3 ) 4 % A f — ( 3 8 4 m iles)
B e n w o o d to W h e e lin g , A c — a265
B ellalre to M id lan d C ity , O .......... )
68
S haw nee to S a n d u s k y , O ................ J377 W e s t V irgin ia S h ort L in e R R —
O
h
io A L ittle K an aw h a R R ------74
P ittsbu rgh J u n ction R R - - - - - - - 7
P .L .E .A W . V.Sys.A% M .(♦ 1 ,0 4 2 m .)
W e s t V irgin ia A P itts b u r g h .......... 176 T o ta l o f all (a d d in g B a ltim ore
_____
B elt an d o th e r lin e s )..................4,4 3 4
• In clu d es 384t m
also co
a See this c o m p a n y
l i t ,.,• CVi.JW
W IvVe1 rV eMd b y P itts . J e t. 1st M .
— R e c e iv e r s w e re a p p o in te d In F e b . 1896, b u t In 1899 reorr a S z f d ^Without foreclo su re per plan In V . 6 6 . p . 123 5. T h e B . & O . S o u th ,
w estern w a s reorgan ized p e r plan In V . 67, p . 688, the c o n s o l, m tg e . o f 1893
b a v ln g b e e n fo r e c lo s e d ; C e n t. O h io . A c .. PW
V . 67. p . 688 1206, 1356.
T h e *15 140 000 C h icago T e r m . T ran sfer 1st 4s w ere red eem ed M ay 3 1907.
in
T«.n ' 1910 th e
p r o p e r ty
w as b id In a t f o eel > urc
vale
I n A reorga n ized as B . A O ChYc. T e r m . R R . w ith $ 8 ,0 0 0 ,0 0 0 a u th o riz e d
sW clf^ b o n d issue a u t h ., $ 5 0 ,0 0 0 ,0 0 0 5 0 -yea r bon s .
V . 90, p . 166, 1101.
Control o f the C in cin n a ti H a m . A D a y to n .— U n der th e re a d ju stm e n t plan
o f the*C incinnati H a m ilto n A D a y t o n ( V . 88. p . 1436, 149 8), the B a ltim ore
x, O h io In A u gu st 1909 a cq u ire d virtu a l co n tr o l an d Is t o acq u ire
co n tro l o n J u ly 1 1 9 1 6 a t a p rice to b e fixed b y a rb itra to rs , th e c o n tro llin g
r t o c k t o b e v e s te d m ean tim e In three v o tin g tru stees, o n e t o be th e P re si
d e n t o f th e B . A O . fo r th e tim e b e in g . C ertain o f th e secu rities o f the
o ? H . A D . are g u a ra n te e d . V . 8 9 . p . 102, 468 .
(6) T h e 4 % debentures o f 1901 are co n v e r tib le at the o p tio n o f th e h old er
Into c o m m o n s to c k at par o n 30 d a y s ' n o tice (see V . 7 3 . p . 1139 ) ; . th ®y
be called fo r p a y m e n t a t p ar an d Interest o n a n y in terest d a y , In th e Inverse
o r d e r o f their n u m b e rs. V . 7 2 . p . 282; V . 7 3 , p . 3 3 7 ,1 1 5 8 ; V . 7 5 , p . 549.
(7) New York Division and Terminal l s f 4* (a u th o riz e d a m o u n t $ 1 0 ,9 0 0 ,000) are secured b y d e p o sit w ith the trustee o f all the S ta te n Island R a p id
T ra n sit refu n din g 4s as issued ($ 5 ,0 0 0 ,0 0 0 a u th o r iz e d ), all the $350,000
B alt. A N . Y . 1st 5s an d th e en tire s to ck s o f th ose co m p a n ie s . O f the
b o n d s $5,00 0 ,0 0 0 w ere Issued o n Jun e 30 1910 b u t held In tne tre a su ry , the
ba la n ce bein g reserved fo r th e fu rth er e q u ip m e n t, d e v e lo p m e n t an d e x t e n
sion o f the S taten I. pro p e rtie s Inclu din g B alt. A N . Y\ R y . V 8 3 , p . 1042.
In N o v . 1907 p u rch ased 2 ,000 cars fro m th e F a irm o n t Coal C o ., assmmlng
p a rt o f $ 1 ,5 2 9 ,0 0 0 5 % ca r tru st b o n d s , d u e $ 162,0 0 0 y e a r ly t o S e p t. 1948.
V . 8 5 , p . 1404. G rou n d re n t liens Ju n e 30 1910, $ 1 ,1 4 5 ,0 5 7 .
READING CO., Ac — In 1901 $68,565,000 (virtual control) of the $140,-
V T h e c a p lta ^ e x p e n d ltu re s fo r 13 years en d in g D e c. 31 l 9p 9 w ere $ 1 5 t.7 04 ,000 and $24^000,000 w ill be requ ired to c o m p le te c o n s tr u c tio n au d
b e tte rm e n ts In progress a n d e q u ip m e n t c o n tr a c te d f o r . V . 90, p . 16®.
00 ?,000 Reading Co. stock, consisting of $12,130,000 first pref . 328,530,000
second pref. and $27,905,000 com. was acquired, the Lake Shore A Michi
gan Southern Ry. Co. (Vanderbilt system) taking about one-half. In 1904
the ^ A O. and L. S. A M. S. each sold $3,950,000 of the common. V. 76,
p. 101: V. 80, p. 1856.
P E N N S Y L V A N I A A N D U N IO N P A C I F I C I N T E R E S T .— T h e P e n n s y l
va n ia R R . C o . o n J a n . 1 1910 o w n ed d ir e ctly $ 1 4 ,2 7 3 ,6 0 0 pref. an d $ 5 ^ 2 5 ,000 c o m stock " a ls o — th ro u g h th e N orth ern C entral a n d P h lla . B . A W .
( ^ c h ow n ln g o n ^ h a l f) - $ 2 .000,000 p re f. a n d 3 2 .0 9 7 .4 0 0 c o m . s to c k and
th rou gh P en n s y lv a n ia C o . $ 5 ,0 0 0 ,0 0 0 p re f. an d $ 1 3 ,4 o l , 200 c o m . s t o c k .
U n ion P a cific In S e p t. 1906 p u rch ased $ 3 2 ,3 3 4 ,2 0 0 c o m . an d $ 7 ,2 0 6 ,4 0 0
p r e f. s t o c k . V . 8 3 . p . 562, 686, 1036" V . 84, p . 50, o 69.
S T O C K .— A u th orize d Issues: C o m m o n , $ 1 5 2 ,7 5 0 ,0 0 0 ; p re f. 4 % n o n -c u m .,
$ 6 0 ,0 0 0 ,0 0 0 : o u ts ta n d in g , see table a b o v e .
P re f. sto ck d lv s . are lim ite d to
4 % . (See V . 71. p . 1166, an d ed ito ria l, p . 1143; V . 7 2 . p . 1186.)
D I V I D E N D S .—
’ 0 0 . ’ 01 t o '0 4 . ’0 5 . '0 6 . ’ 0 7 . '0 8 . ’ 09. 1910.
2
4 y e a r ly
5H
6
6
6
6
C o m m on ( % ) ........................... P referred ( % ) .............................. 4
4 y e a r ly 4
4
4
4
4
4
n n N T i q __ m P r i o r L i e n 3 1 4 % , a first lien o n m ain line an d b ra n ch e s ,
P a rk ersbu rg b r a n c U a u d P itts b u rg h d iv isio n , a b o u t 1 076 m iles o f first track
- l . a,R m iles o f se co n d th ird and fou rth tracks an d sidin gs, an d also all
V
69. p . 30; V . 78, p . 1006
V . 8 6 , p . 1528, V . 86, p. 36.
M o ! l i m i t s 5 “ '’“ 2" ; r ™
o6»“ W K fipiS k':
Ohlcago and A^ron divisions and branches and the F aIrmo ntMorg an tow n A
Pittsburgh R R ., covering about 581 miles of first trackandalHiut 573 miles
of second third and fourth tracks and sidings; also on the B. A O. Ternalnal
property and the Baltimore Belt R R . They are also a lien subject to prior
Uen mtge , upon main line,Ac. See app. to list, V.
P^"°, V. 79. p 2 1 1 .
Total authorized (lncl. 349,975.000 Issued1at reorganization)..$ 1 6 5 ,0 0 0 ,0 0 0
Of which reserved to retire prior lien bonds In 1925 - - - 75,000.000
Issued and Issuable for betterment or extension
ertles co v e re d b y m o rtg a ge s (1) and (2) y " r m r exte n sio n s,
a d d itio n s or eq u ip m e n t; at n o t o v e r $ 1 ,5 0 0 ,0 0 0 a y ear fo r
1st 4 y ears a n d $ 1 ,0 0 0 ,0 0 0 a y e a r th ereafter, o r ig in a lly .-
(3) S o u th w e s te r n D iv i s io n 1st M o r tg a g e 314s.
llen u p o n the p ro p e rtie s c o n s titu tin g the B. A O. S ou th
w estern R R . s y s t e m . o r the securities representin g th e sa m e,
cov e r in g a b o u t 930 m iles o f first tra ck an d a b o u t 401 m iles
o f secon d tra ck and sidin gs. A ll Issued............. ............................
(4) B . A O.. P i t t s . J e t . A M i d . Dir. 314 J.
2 7 ,0 0 0 ,0 0 0
V lri Uo ly south-
“ J*'
mately a first lien upon the railroads of t1hen9,e,lt^* ®.hl° sys
rem and P lu s . Jet. R R . Co.. 385 miles In all. Total
Issuable $1,000,000 per year for first tw® ^ears and
4 5 ,0 0 0 ,0 0 0
90 onft
2 0 .0 0 0 .0 0 0
th ereafter $ 50 0,00 0 p er y e a r, fo r th e e n la rg e m e n t, b etter
m en t or exten sio n o f th e p rop erties co v e r e d - - - - - - - - - - o.OOO.OOO
I n p artial ex ch a n g e fo r o ld b o n d s a n d so ld ($ 4 ,0 0 0 ,0 0 0 )
14.569.000
O f this Issue $6,175,230 Is in hands o f the p u b lic and $7,635,050 p led ged
as p a rt colla tera l for P itts. Lake Erie A W e st V a . JlTn* ™ * 4 * 9 1 997
U n d e rly in g b o n d s, see ta b le ; u n d e rly in g s to c k s still o u t , $ 2 1 , 2 2 7 .
(5) P itts b u r g h L a k e E r i e A W e s t V ir g in ia S y s t e m mtge. refunding 4% gold
bonds (authorized amount $75 000,000) are a lien on 1,642 miles, consisting
of the Ohio River. Cleve. Lorain A Wheeling Pittsburgh A Western. Ac.,
forming a direct connection with Pittsburgh, Cleveland Falrport. Lorain
and Sandusky, subject to underlying bonds outstanding thereon (see table
above)
In Sept 1905 $29,060,950 additional underly ne bonds Including
$7,635,050 Plttsb. June A Middle DIv. 3)4s. were held In trust as_part se
curity. The $30,553,000 unissued are reserved to retire underlying bonds.
V .7 4 ,p 266; V 79, p. 2793; V. 80, p. 1423; V. 86. p. 479; V. 88, p. 451, 685.
L E A S E D L I N E S .— S ch u y lk ill R iv e r E a st Side 5 % b o n d s w ere pu rch ased
D e c. 1 1903 at 110, p er V . 6 8 , p . 4 0 , and $ 5 ,0 0 0 ,0 0 0 new 4s Issued g u a r a n
te e d . p . A 1.. b y e n d orsem en t. V . 7 7 , p . 1745; g u a r a n ty . V .
T h e W e st V irgin ia A P ittsb u rg h (see agreem en t In V . 67 p . 1310) ha*
been o p e ra te d since S e p t 1 1899 und er a 99 years lease, fo r 4 % on the m tg e.
to b e a p p ro p ria te d to p a y m e n t o f b o n d Interest. V . 89 p. 439
A c q u ir e d a t 125 $1 ,9 5 6 ,0 0 0 o f $ 2 ,4 0 0 ,0 0 0 P itts . C le v . A T o l. 6s. V . 7 0 .
p . 632; V . 76. p . 47.
F I N A N C E S .— I n F e b . 1909 so ld $13 ,1 0 0 ,0 0 0 P itts . L . E . A W e s t V a .
d l'l'n4 l b l 0 ; so ld $ i 01, 000,. 00b 8o n e -y e a r 4 % n otes d a t e d L M c h .1 0 1911la n d
$ 1 0 ,0 0 0 ,0 0 0 4 % eq u ip m e n t bo n d s d ated l e b . 10; also filed 4 % eq u ip m en t
m tg e . fo r $ 1 0 ,0 0 0 ,0 0 0 , non e t o be Issued a t presen t. V . 90, p . 606 84*
In M ay 1910 so ld $40 ,0 0 0 ,0 0 0 3 -y e a r 4 )4 % 8 ° ld upt e s . part o f a $ 5 0 ,0 0 * .000 a u th . Issue, fo r Im p ro ve m e n ts and e q u ip ., se e m e d b y $ 6 ,0 0 0 ,0 0 0 Mrst
p r e f., $ 1 4 ,0 0 0 ,0 0 0 2nd p re f. a n d $ 1 0 ,0 0 0 ,0 0 0 R e a d in g c o m . s to c k .a n d $ 2 8 ,
00 0 ,0 0 0 B . A O . C h ic. T e r m . 1st M . 4 % b o n d s, the rem ain in g $ 10 ,000 ,00 0
bein g reserved t o retire th e $ 1 0 ,0 0 0 ,0 0 0 notes d u e M c h . 10 1911. O th er
collateral m a y be s u b s titu te d u n d er co n d itio n s s ta te d In th e In d enture.
E A R N I N G S .— 3 m o s .. J 1 9 1 0 ---------- G ross. $ 2 4 ,5 1 5 ,6 2 7 ; n e t, » 7 ,7 4 T. i»81
J u ly 1 to S e p t. 30.
\ 1 9 0 9 ______ G ross, 2 2 ,6 7 7 ,8 9 2 , n e t, 8 ,0 $ t ,7 0 o
R E P O R T — F o r year 190 9-1 0, V . 91. p . 1020, 1037.
(See a lso p. 997 ).
Year ending J u n I 3 0 l 0O8-O9
1007-08
Inc. er Dec
uiino
4.434
4 .4 0 0
—
F reigh t e a rn s------------------------ : : " - - $ 6 9 , 4 0 8 , 1 1 3 $ 5 8 ,3 5 5 ,1 1 2 + $ 1 1 ,0 M ,0 0 1
P a ss e n g lr e a r n s " .......... ..
. . . . 14 485 585 13 .5 5 1 .2 3 8
+ 934.347
M alL c x p r e fs A c .V e a r n s I I _______
5,00 7 ,5 5 4
4 ,5 0 6 ,5 0 6
+ 5 0 1 -0 4 8
T o t a l gross e a rn in g s.........................’ f r f t l l i l + + 1 0 iS S ’ SSo
O p eratin g e x p e n s e s-------------------------- 01,333,801
o l , 163,981
-t
R e t earnings
____ $ 27 ,567 ,45 1 $ 2 5 ,2 4 8 ,8 7 5
O p eratin g In com e (a fte r t a x ^ ) . - - -8 2 4 ,4 9 7 .8 5 4 5 22 .438 .05 1
4 .2 1 7 ,8 0 8
3 ,3 4 7 ,2 5 7
O th er In c o m e .......... ................ - ..............
+ $2 ,3 1 8 ,9 7 6
+ $2 ,3 5 9 ,8 0 3
+ 876.641
T o t a l net In c o m e .......... ................ _ _ $ 2 8 ,7 1 5 ,7 5 2 $25 ,785 ,30 7
In te re st, rents, A c -------------------------- ^ 1 2 ,Rao ’ 672
M iscellaneous im p ro v e m e n ts . A c - .
415,761
5 4 9 ,o7Z
D iv id e n d s o n preferred s to c k ( 4 % ) .
2 ,3 o 5 ,6 7 5
2 ,3 o 5 ,8 8 7
D lv s . o n c o m m o n s to c k ( 6 % ) --------9,11 8 ,5 3 8
0,11 0 ,4 3 1
+ $ 2 ,9 3 0 ,4 4 5
+ $418,803
— 133.811
— 212
+ 2.107
B a la n ce , su r p lu s __________ ______ $ 4 ,3 5 7 ,6 1 3
$ 1 ,7 1 4 ,1 1 6
+ $ 2 .7 * 1 T28
♦Surplus differs from th a t sh ow n In patn p h let r e p o r t. o w ln g t o m eth od
o f ch argin g c o m m o n s to c k d iv id e n d , o u r f ° r G?h
used
P M utTav
E x e cu tiv e C o m m itte e — D aniel W illa rd , C h alrm an. O scar G . M u rray,
J . R . F o a rd , L . F . L o re e , R o b e r t S. L o v e t t , E . R . B a c o n , N . B . R ea m and
S am uel R ea : P re s ., D aniel W illard ; 1 st V lc e -P r e s .. G e o . I . R a n d o lp h , S e c ..
O. W . W o o lfo r d ; T r e a s .. J . V . M cN eal.
D irectors__R B ren t K sy se r , Joh n P . G reen . Sam uel R e a , J oseph R .
F oa rd . O s c a r G . M u rray. Jam es S p e y e r, R o b e r t S . L o v e t t , N o rm a * B .
R e a m Jam es S tillm a n . E d w ard R . B a co n J o scp h W o o d L - F . L o ree.
N . Y . o ffic e , 2 W a ll S t .— ( V . 90, p . 1361; V . 01, p . 102 0, 1037.)
BAITIMORF & OHIO CHICAGO TERMINAL RR.— P r o p e r ty c®nslsts of D ^ e n g e r arid freigh t term inals In c it y o f C h ica g o , lines o f ra ilw a y
leading th ereto a n d a belt line a ro u n d th e c it y ; also 760 acres o f lan d
l n a n d l d l a c e n t to the c ity o f w h ich 50 acres are In the cen tre o f the business
dlstricl?^alsoTncmdes^ 7 500 fe e t o f d o c k p r o p e r ty on C h ica g o R iv e r . N early
all land Inclu din g th a t u p o n w h ich tracks h ave been b u ilt, Is o w n ed In fee.
T ra rk ow n ed 84 m •leases fro m C h icago J u n ctio n R y . 11 m .; tra ck a g e, 7 m .,
to t a l, l T l m : 2 d ? r a c k ? 69 m .; sid in gs, 118 m .; to ta l all tra ck s. 289 m iles.
H I S T O R Y — S u cce sso r t o C h ica g o T e rm in a l T ran sfer R R . . hid la on
Tan 10 1910 b y the B . A O . u n d er fo re clo s u re o f first m tg e ., suhJwM; to
t w o 'u n d e H y ln g ^ n tg e s . sh ow n a b o v e . V . 90. p . 166, 100, 235. 629. S to c k
au th o riz e d , $ 8 ,0 0 0 ,0 0 0 ; p ar $10 0.
T E N A N T S — B a lt. A O h io . C h ica go G reat W e s te rn , C h icago
Pere M a rq u e tte . See V . 7 7 . p . 948 . 2158; V . 70, p 901 . M in im um r e .t a la
fro m te n a n ts, $ 51 3,50 0 a n n u a lly . V . 79, p . 2084.
B O N D S — O f th e 1st M . b o n d s o f 1910. $ 2 8 ,0 0 0 ,0 0 0 Issued as series A 4s
w e r e g l v e n t o th e B a lt. A O h io to represent th e c o s t o f . ^ m m o o O a d d l U o n M
p led ged under Its 3 -ye a r 4 K % secu red g o ld n otes, $ 5 ,0 0 0 ,0 0 0 a d d it io n ^
A 4s t o b e Issued w h en requ ired fo r Im p ro v e m e n ts anu j i.^ o o .u u u
r S e n r e d t o retire th e o id J .o n d s a n d 5 1 5 , 800.000 fo r ex te n sio n s Im p rov e
m e n ts a n d e q u ip m e n t to b ea r n o t o v e r 4 ) 4 % in te re st. V . 90. p . 1295.
R E P O R T .— R e p o r t o f o ld C o. fo r y e a r e n d . Jun e 30 1
Mlven 1n V -8 ® ;
p. 1 0 6 6 ,sh ow s: O per. r e v .. $ 1 ,0 9 1 ,8 1 7 ; o p e r .I n c ., def..a ft e r ta x e s , $ 10 1,72 7.
Other in co m e . $698,412 — (V . 90, 0 . 166. 235 . 625 , 1101, 1295.)
R A IL W A Y
ST O C K S A N D BON DS.
o
Ooi'., iltio.,
M A P
Booty 3IM ,
O F
T H E
BALTIMORE & OHIO
R A IL R O A D SY ST E M ,
Goldst
R A IL R O A D C O M P A N IE S
[F o r abb reviation s, A c . , see notes on first page]
M ile s D a te
R oad B on d s
Par
V a lu e
A m ou n t
O utstanding
B a n g o r & A r o o s (C on .) Car tru sts Ser C g gu - P e P . c ‘
1906
$1,000
Car trusts Ser D g guar $ 45 ,000 d u e s -a ...........P e .P c*
1,000
1907
B a th & H a m m o n d s p o r t— 1st m o r tg a g e ------------------------1,000
10 1889
S e co n d m o r t g a g e ....................... .............................. ..............
10 1893
1,000
B ea u m ’ t & G t N or— lsWU g $40 ,0 0 0 p er m red 1 0 2 H - G
33 1909
1,000
B eech C reek — S to c k (gu aran teed 4 % b y en d orsem en t)
165
50
First m o r tg a g e g o ld guar p A 1 ( e n d o r s e d ) .. K .c A r
165 1886
1,000
S e c o n d M fo r $ 1 ,0 0 0 ,0 0 0 g guar p A 1 (end) . U n . c A r
165 1892
1,000
C learfield B itum C oa l 1st M lnt gu ar b y B h Cr g . . . c
100 Ae
1891
B eech Creek E x te n — Is M $ 4 ,500,000 g guar p A 1 G .c*
59 1901 1,000 A c
B eech Creek co n s o l m tg e $20 ,0 0 0 ,0 0 0 g o l d .- G .c * Ar
1905 1,000 A c
1901
B ellin gh am B a y & Brit C ol— 1st M $ 1 ,0 0 0 ,0 0 0 g o ld s f
1,000
A ll
____
50
Belt R R & S tock V ard of In d ia n a p o lis— S t o c k ___—
____
P referred s to c k c u m u la t iv e .................................................
50
F irst m ortg a g e fo r $1.00 0 ,0 0 0 c u r r e n c y _____________
1,000
- - - 1881
N ew m ortg a g e, $ 1 ,0 0 0 ,0 0 0 g o l d .......................................
1909
49 1895
Belt R y o f C h a tta n o o g a — First m tg e g o ld — M eB a.c*
1,000
50
Be videre D e la w a re — S to ck $ 4 ,0 0 0 ,0 0 0 )------------------- 81 1885
1,000
C o n s o lid a t e g u aran teed b y U n ite d C o ’ s sin k in g f d . . r
81 1887
m o r tg a g e (gu a ra n teed b y U n ited C o ’ s sin k in g f d . . r
1,000
81 1893
o f 1875
(Issue $ 60 0,00 0 re d u c e d b y sin k in g f d . . r
1,000
81 1903
1,000
*4,000.0001 g u aran teed b y U n ite d C o ’ s sin kin g f d .c *
___ 1902
B essem er & Lake Erie— Erie e q u ip m e n t t r u s t . .......... 1,000
___
1903
L o c o m o t iv e eq u ip m en t t r u s t - . ----------------------------------1,000
___
S tan d ard e q u ip m en t tr u s t ____________________________
1905
1,000
___ 1907
B essem er e q u ip m en t tru st, d u e $ 1 1 0,00 0 y e a r ly ...
1,000
C on n eau t e q u ip m en t tr u s t____________________________
N ation a l e q u ip m e n t tru st d u e $4 0 ,0 0 0 M ay y e a r ly .
B in g & Gar— I s t M g g u r e d 110 beg'13 c o n v J u ly ’ l l - ’ 14
1910
500 A c
B irm in gh am B e lt— See St L ou is A San F ra n cisco
..
B irm in gh am T erm in a l— 1st M $ 3 ,0 0 0 ,0 0 0 g o ld guar
1907
1.000
29 1898
B lo o m s b u r g & S ullivan R R — First M $ 4 0 0 ,0 0 0 ------ FP
100 A c
S econ d m ortg a g e In com e n o n -c u m $ 20 0 ,00 0 ------ FP
29 1898
100 A e
B oca & L o y a lto n — First M $ 67 5,00 0 g o ld call 1 1 0 . . c*
56 1903
1,000
44 1881
B oon v ille St L & South R y — 1st M g o ld $1 ,0 0 0 ,0 0 0 .c *
1,000
392
100
B oston & A lb a n y — S to c k ($ 3 0 ,000,000 a u th orized ) . .
1902
B on d s (n ot m ortg a ge) gu a ra n teed prln A l n t ---------- e
l.o o o
B on d s (n ot m ortgager *5 non.non
1,000
1893
1.000
B on d s (n o t m tge) $ 2 ,5 0 0 ,0 0 0 (V 71 .p 12 1 8 ;V 7 2 ,p .4 4 )
1901
_ . ’ 0 8 - ’09
B on d s (n o t m tge) $ 4 ,5 0 0 ,0 0 0 d u e 1934) gu p A l . .
1,00 0
1910
B on d s (n o t m tge) $ 2 ,0 0 0 ,0 0 0 gu p A l n t ----------------- .. - - B A N G O R & A R O O S T O O K R R .— (S ee M a p ) — O ld to w n , M e ., n orth erly
to V a n llu ren , w ith b ran ch es: to ta l 5 99 .3 m iles, viz.
L in es L eased—
M Ues.
L in es owned—
M lie s .
O ld tow n to V a n B u r e n ------------221 7 N orthern M aine S e a p o rt, L a .
G range t o S e a rs p o rt_________ 54 1
A sh lan d J et. to F o r t K e n t --------- 94.9
53
Milo Jet t o G r e e n v i l l e .......... ..
48 R S p u r s ____________________________
S outh L a gra n ge to P a c k a r d s .. 28.0
S t. J oh n s R iv e r E x te n s io n -------32.00
T o ta l Ju n e 30 1 91 0................. 599 3
M asardls t o S t o c k h o lm , A c --------- 55.0
B ran ch es .
59.5
N orth ern R y . o f. M aine w as In co rp o ra te d w ith $ 51 0,00 0 s to c k t o build
a b o u t 80 m iles, c o n n e c tin g V a n B u ren , F t . K e n t an d S t. F ra n cis, w h ich
w ere m o s tly op e n e d In Jan . 1910: o th e r ex te n sio n s b y B a n k . A A r . aggre
g a tin g 35 m . h a v e been a u th oriz e d . V . 8 5 , p . 920; V . 8 9 , p . 161.
O R G A N I Z A T I O N .— O rga nized F e b 13 1891. S ta te o f M aine refu n ds
95 % o f all taxes lev ied .
F or o rg a n iza tio n see V . 0 6 . p. 855
O w ns entire
s to c k o f an d leases for 999 years N orth ern M aine S e a p o rt R R . , w h ich In
N o v . 1905 op en ed ex ten sion from La G ra n ge, M e ., t o S earsp ort, o n P e n o b
s c o t B a y 54 m iles.
V . 8 1 . p. 1549: V . 8 4 . p . 693.
S T O C K .— $ 2 ,9 8 3 ,8 0 0 as Increased In 1910 b y $ 4 9 4 ,2 0 0 , to b u ild e x te n
sion s. V . 84, p . 1549.
D I V I D E N D S — 1 (* % sem i-a n n u a lly Ja n . 1904 t o Jan 1 90 5, b o th In
elu siv e: J u ly 1906 t o J u ly 1910 4 % y e a r ly .
B O N D S .— P Isca t. D Iv. 5s, see V . 67, p . 1159: V . 6 8 , p . 84, 329. O f the
c o n s o l, r e f. g old 4s, $ 1 2 ,5 0 0 ,0 0 0 w ere reserved to p a y o ff the o u tsta n d in g
b o n d s . Inclu din g th ose o f co n tr o lle d ro a d s, ca r trusts and p re f. s to c k ana
to a cq u ire such c o n tr o lle d roads; $ 3 ,000,000 fo r Im p rovem en ts o v e r a series
o f years and $ 4 ,5 0 0 ,0 0 0 for ex te n sio n s at $25,000 per m ile . Inclu din g e q u ip
m en t. V . 7 3 , p. 286 . 896; V . 74. p . 93. T h e N orth ern M aine S ea p ort b o n d s,
or w hich $4 ,5 6 2 ,0 0 0 Issued ($5 ,0 0 0 ,0 0 0 a u th orized ) are g u a ra n te e d . V . 81,
D 265: V . 82. p 392: V 8 4 . p 391 . 692: form o f g u a ra n ty V 81 p . 7 2 7 .
T h e W a sh b u rn E x te n sio n 1st M . 5s o f 1909 c o v e r th e ro a d fro m M asardls
to S to c k h o lm , M e ., 48 m ., w ith 7 -m . spu r, o p e ra te d fro m Jun e 20 1910.
V . 90, p . 848 , 913.
T h e S t. J oh n R iv e r E x te n sio n 1st 5s o f 1909 ($ 1 ,8 0 0 ,0 0 0 a u th . Issue),
gu a ra n teed prln . A ln t ., are Issuable a t $30 ,000 p er m ile, a b o u t 32 m iles
bein g In o p e ra tio n a n d rem ain in g 28 m iles t o be c o m p le te d b y D e c. 1 1910.
L A T E S T E A R N I N G S .— (1 9 1 0 _________ G ross, $44 3,38 4: n o t, $124,152
2 m o s ., J u ly 1 t o A u g . 3 1 .1 1 9 0 9 _________ G ross,
4 4 5 ,1 3 5 : n e t,
177,321
S u rp . a fte r ch arges In 2 m os . o f 191 0, d e f., $26 ,521 ; In 190 9, s u r ., $36 ,5 2 0 .
A R N U A L R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1910 In “ C h ron
ic l e ,” O c t. 29 o r N o v ., sh ow ed : G ross, $ 3 ,1 6 3 ,2 7 2 ; n e t, $ 1 ,3 7 7 ,9 8 2 ; ch arges,
S I ,0 2 6 ,8 0 3 ; d lv s . ( 4 % ) , $ 1 0 4 ,2 1 2 ; lm p ’ ts an d e q u lp t ., $ 16 1,94 9; b a l., su r.,
$ 8 5 ,0 1 8 .
In 190 8-0 9, gross, $ 2 ,9 1 6 ,8 1 5 ; n e t, $ 1 ,1 2 7 ,6 4 0 .
D ire cto rs, O ct.
1908, V . 87, p . 108 8.— (V . 90, p . 913.)
B A T H & H A M M O N D S P O R T R R — B a th . N . Y . . to H a m m o n d s p o r t, N.
Y . , 10 m iles. C on trol a c q u ir e d b y E rie R R . In 1908. S to c k , $10 0,00 0.
Y e a r en d in g Jun e 30 1909, gross, $41 ,923 : n e t, Incl. o th e r In co m e , $17 ,793 ;
l n t ., ta x e s . A c .. $19 ,4 8 4 ; b a l., d e f .. $ 1 .6 9 1 .— (V . 7 9 , p . 1954.)
B E A U M O N T & G R E A T N O R T H E R N R R .— O w ns T r in ity , T e x ., to
L iv in g s to n , 33.4 3 m iles. S t o c k , $ 37 0,00 0, In $100 shares.
G u a ra n ty T r .
C o ., N . Y . , m o r t. tru stee. V . 90. p . 235. In A u g. 1910 all th e s to c k an d
b o n d s w ere a c q u ir e d b y P resid e n t C arlisle. V . 91, p . 588.
P res., W illia m
C arlisle, A tch is o n . K a n .; S ec. an d T r e d s ., W . S . B a rtle tt. O ffic e , O nalaska,
T e x .— (V . 90. p . 235; V . 91, p. 588.)
BE EC H C R E E K R R ,— (See M a p s N . Y . Central A H udson River RR ) —
R O A D .— Jersey S h ore, P a ., to M ahafTey, 112 m .; bran ch es t o P h lllp sb u rg,
to m in es, A c ., 53 m iles; t o ta l, 165 m iles.
L E A S E , A c .— F r o m O c t . 1 1890 leased t o the N . Y . C en t. A H u d . R iv e r
R R . fo r 999 years a t Interest on b o n d s an d 4 % o n s t o c k , and since M ay 1
1899 op era ted d ir e ctly as a p a rt o f Its P e n n sylva n ia divisio n .
V . 6 8 , p . 872.
Carries m o s tly coal a n d co k e .
See g u a r a n ty . V . 52, p 570. T h e b o n d s are
en d orsed w ith N ew Y o r k C en tral's g u a ra n ty o f prin cip a l and Interest.
See V . 52. p . 5 7 0 .— (V . 7 5 . 1398.)
BE E C H C R E F K E X T E N S IO N R R .— (S ee M a n s 1V. V . r e n t . A H ud. R it .)
— Clearfield, P a ., t o K ea tin g , 52.14; C u rry t o C u rw en svllle, 15.77 m .; H a r
m o n t o I r v o n a , 2 6 .7 6 m .; MahafTey to A r c a d ia , 12.95 m .; b ra n ch e s, 19.84 m .;
t o t a l, 127.46 m iles.
A low -g ra d e c o a l line leased t o N ew Y o r k C entral
A H u d s o n R iv e r R a ilr o a d (w h ich ow n s th e en tire $ 5 ,1 7 9 ,0 0 0 s to c k an d
$ 3 ,9 6 4 ,0 0 0 c o n s o l. 4s) fo r 999 years fro m Ju n e 1 1905, b o n d s bein g guar,
p . A 1. O f th e c o n s o ls, p a rt Is reserved t o retire, $ fo r $, o ld b o n d s.
V . 80,
p . 1174, 1479; V . 8 1 , p . 30; fo rm o f g u a r ., V . 82, p . 1267.
( V . 82, p . 1267.)
B E L L IN G H A M B A Y & B R IT IS H C O L U M B IA R R .— B ellin gham t o G la
c ie r . W a s h .. 4 4.16 m .; b ran ch from H a m p to n t o L y n d e n , 5.31 m .; sp u rs,
6.9 6 m .; y a rd track an d sidin gs, 6 .6 0 m .: to t a l, 63.03 m . S t o c k , $ 1 ,0 0 0 ,
0 0 0 , all ow n ed b y N ew Y o r k an d San F ra n cis co p arties.
L oa n s and bills
p a y a b le Jun e 30 1918. *228 ,000 .
Y e a r en d in g Jun e 30 1910. g ro s s , $273.
957: net In com e, $ 6 4 ,6 5 3 ; Interest and ta x e s . A c . . $ 6 0 ,0 8 4 ; b a l., « u r .,
$ 4 ,5 6 9 . P r e s ., H . H . T a y lo r .— (V . 81. p . 840 .)
B E L T L IN E R Y . O F M O N T G O M E R Y .— O w ns real estate and a belt line
In M o n tg o m e r y . A l a ., a b o u t o n e m ile o f tra ck o n T a lla p o o s a ,B e ll, P e r r y and
C olu m b u s streets.
A tla n tic C oast L in e R R p a y s an ann ual rental o f $ 1 5 ,
531.
A tla n tic C oast L in e R R . ow n s a b o u t 9 2 % o f the $20 0,00 0 s to c k ; p a r.
$ 10 0. T h e $20 0 ,0 0 0 6 % b o n d s w ere p aid o ff a t m a t u r it y , Ja n . 1 1910.
V . 9 0 , p . 107. Y e a r en din g Ju n e 30 190 9, g ross, $18 ,049 ; net In co m e , $ 1 6 ,
966: b o n d Interest, $12 ,000 ; b a la n c e , s u r p ., $ 4 ,9 6 6 .— (V . 90, p . 107.)
B E L T R A I L R O A D & ST O C K Y A R D O F I N D I A N A P O L I S — O w ns 14
m iles o f b elt road A c .
Leased fo r 999 years to In d . U n io n — w hich see
D I V ’ N D — \P re fe rre d In f C o m m o n ’ 03. ’0 4 . ’ 05. ’ 06. ’ 0 7 . ’ 08. ’ 09. 1910.
Sin c e 1897
rfull to d a t c . ls t o c k . % 6p ; 7
8
8 11
12
6
6
In J u ly 1909 $ 1 ,0 0 0 ,0 0 0 3 0 -y e a r 4 % b o n d s w ere so ld f o r d e llv e r y In 1911
t o retire th e 6s d u e 1911. V . 89, p . 4 0 . P re s ., S. E . R a u h , In d ia n a p o lis,
I n d . — (V . 8 9 . p. 40.)
R ate
%
W hen
P a y a b le
L a st D ivid en d
and M a tu r ity
$540,000
J
A D T o Ju n e 1 1 9 1 6
5 g
585.000
1 1917
A A O T o Apr
5 g
100,000
5
■r A D Jun e 1 1910
200 ,000
5
A A O O ct 1 1923
605 .000
J
A
J J u ly 1 1939
6 g
6,00 0 ,0 0 0
4
O ct 1 1910 1 %
Q— J
5,00 0 ,0 0 0
4 g
A
J
,T J u ly 1 1936
1 ,0 0 0 ,0 0 0
A
J
J J u ly 1 1936
5 g
721 ,500
A
J Jan 1 1940
4 g
J
3 ,5 0 0 ,0 0 0
3 H g A A O Apr 11951
3,96 4 ,0 0 0
A A O Apr 11955
4 g
659 ,000
A D D ec 1 1932
5 g
J
A
1,00 0 ,0 0 0 6 In 1910 J
J J u ly 1 1910 3 %
500 ,000
6
,)— r O ct 1 1910 1 M
1,00 0 ,0 0 0
6
M A N A pr 30 1911
4 £
1939
300.000
5
A
J
,J Ju ly 1 1945
1,25 3 .0 0 0 See t e x t S em l-a n . D ec 31 ’ 09 5 %
500 ,000
4
M A
S Sept 1 1925
4
749 ,000
F A A F eb 1 1927
4
500 000
A J Jan 1 1933
J
973 ,000
A J Jan 1 1943
3H g J
1 ,2 2 0 ,0 0 0
5
M A
S Mch 1 1922
150.000
5
M A
S Mch 1 1913
1,06 0 ,0 0 0
5
A A
A p r 1 1925
1 j n n .n n n
5
M A s M ch 1918-1927
5
A ()
3 00 ,000
A
&
5
M
ay 1011-1015
200 ,000
M
N
2 ,5 0 0 ,0 e 0
j
A
J J u ly l 1920
6 g
o
1 9 4 ),0 0 0
4 g
351,700
5
199,600
5
524,000
6 g
400 ,000
6 g
25,000,000 See t e x t
3,85 8 ,0 0 0
3H
3 ,6 2 7 ,0 0 0
4
1 .nno.onn
3 (4
1 1 .500.000
4
2 ,0 0 0 .0 0 0
4
s Mch
M A
A J
J
,T A
J
A A
F A A
Q— M
A A O
A A O
,T A
J
M A N
M & N
o
Jan
Jan
A pr
Aug
S ep t
Apr
O ct
Jan
M ay
M ay
11957
1 1928
1 1928
1 1923
11911
30 ’ 10 2 %
1 1952
'
1 1913
1 1951
) 1 e 1’ "-34
1 1935
P la ces W here Interest and
D ivid en d s a re P a yable
do
do
50 C h urch S t , N Y
do
do
N ew Y o r k
G rand Cen t S ta tio n , N Y
do
do
do
do
K n ic k e r b o c k e r T r u s t ,N Y
G rand Cent S ta tio n , N Y
U S M A Tr C o, N Y ; ASF
W H N e w b o ld s . P h lladel
M ercantile T r A D e p .B a lt
B ro a d St S t a tio n , P h lla
d o a n d B k C o m ,N Y
H om e T r C o, H ob ok , N J
do
do
do
do
do
do
E q u lt’ l T r C o , N ew Y o rk
F I T A S D C o , P h lla
R e g B lo o m s b u rg , w h earn
U SM ATr.NY; ASF
A m e r E x ch B a n k . N Y
O ffice , T erm S t a t ’ n , B o st
B E L T R A I L W A Y (O F C H A T T A N O O G A , T E N N .)— O w ns 4 9 m iles o f
belt railroad In C h a tta n o o g a , T e n n .
V . 6 7 , p . 72.
L eased till J u ly 1 1945 to A la b a m a G rea t S ou thern R R .; rental gu aran teed
to m eet Interest on first m tge. b o n d s, taxes and m a in te n a n ce
STOCK
Is $ 3 0 0 ,0 0 0 . o w n e d b y A la b a m a G reat S o . R y . T h ere are also $24,000 2d
M . 4s due 1945, re d eem able a t par; c o u p , p aid Jan ’01 to Jan ’ 10 Incl.
BELVIDERE DELAWARE RR — O w ns from T r e n t o n . N . ,J , to M anunka C h unk. N . J ., 67 m iles; F le m ln gto n R R . A c ., 14 m iles; to ta l o p e r a te d ,
81 m iles.
Leased to U n ited C om p a n ies, and transferred to P e n n s y lv a n ia
R R . M arch 7 1876.
N et earnings p aid as ren tal.
D ivid en d s.— 1897 t o 1906, 5 % y r ly : '0 7 to ’ 09, 1 0 % y r ly : D e c . ’ 0 9 . 5 %
(s .- a .) : 191 0, n o n e t o J u ly .
B O N D S .— AP o f the o u tsta n d in g b o n d s are secu red b y the co n s o lid a te d
m tge . o f 1875 for $ 4 ,0 0 0 ,0 0 0 ; sinking fu n d , 1 % o f o u ts ta n d in g b o n d s If
earned
T h e Issues o f 188 5, 1887 an d 1903 are gu aran teed b y the U nited
N ew Jersey R R A Canal C o.
G u aran ty V 76 p 918
E A R N I N G S .— In 1909, gross, $ 1 ,7 7 3 ,8 6 0 ; n e t, $ 3 2 3 ,0 0 2 ; o th e r In co m e,
$ 3 7 ,7 0 3 ; Interest, ta x e s , A c ., sin k in g fu n d an d o th e r ch a rg e s, $2 1 1 ,1 1 3 ;
d iv id e n d s ( 1 0 % ) , $ 12 5,30 0; surplus, $ 2 4 ,2 9 1 .— ( V . 8 4 , p . 748 .)
B E N N IN G T O N A R U T L A N D R Y .— See R u tla n d R R . — (V . 7 0 . p
685 )
BERKSHIRE RR. — S o ld In J u ly 1910 to N ew Y o r k N ew H a v e n A H a r t
fo r d R R .
V. 91, p . 154.
BESSEMER & LAKE ERIE RR. — Leases P itts b u rg h Bessem er A Lake
E rie R R . , B essem er, near P itts b u r g h . P a ., to C on n eau t H a rb o r, L ake E ric,
A c ., w ith b ra n ch e s, a total o f 209 m iles, fo r 999 years from A p ril 1 1901;
ow n s 9 m iles; to t a l. 218 m iles. V . 72, p . 137. S t o c k , a u th ., $50 0,00 0.
C o n tro lle d b y th e C arn egie C o . an d so b y U . S . Steel C o r p o r a tio n .
G uar
a n t y o f M a rq u e tte A Bessem er D o ck A N a v ig a tio n b o n d s, V . 7 7 , p . 1228;
V . 76, p . 1358; V . 8 2 , p . 1 6 0 .— (V . 8 2 , p . 160.)
B IN G H A M & G A R F I E L D R Y — V. 90, p . 1674: V . 0 1 , p . 6 5 4 , 716.
B IR M IN G H A M & A T L A N T IC R R .— T a lla d e ga t o C oal C it y , A la .. 31
m iles; b ran ch es, R o g a n s to ore b e d s , 9 m ile s, an d F u rn a ce t o W e lsln g e rs ,
3 m iles; t o ta l, 43 m iles. S t o c k , $ 1 ,0 0 0 ,0 0 0 , all c o m m o n ; p a r o f shares,
$10 0.
B o n d s , $500,000 4 0 -y e a r first 6s d u e N o v . 1 1931 ($ 1 ,0 0 0 e a c h );
Interest, p a y a b le M A N , In d e fa u lt.
Y e a r e n d in g Ju n e 30 190 8, gross.
$32 ,571 ; net In co m e , $6 4 4 9 - ta x e s, A c ., $ 2,761; b o n d Interest, n o t p a id .
P r e s ., S id n e y H . M arch: S e c . A T r e a s ., Jo h n C arlsen. 25 B road S t ., N . Y .
B IR M IN G H A M T E R M I N A L C O .— O w ns passenger term in als a t B ir m in g
h a m , A la. S to c k all ow n ed b y the Illin ois C en tral, S o u th ern R y . , S eab oard
A ir L in e , C entral o f G eorgia, S t. L ou is A San F ra n cisco an d A la b a m a G reat
S o u th e rn , w h ich lease th e p r o p e r ty an d p a y all ex p e n se s, charges an d 4 %
d iv id e n d s o n th e s to c k and Jointly g u aran tee th e b o n d s, o f th e bo n d s
($ 3 ,0 0 0 ,0 0 0 a u th o r iz e d ), $1 ,0 6 0 ,0 0 0 are reserved fo r a d d itio n a l p ro p e rtie s.
V . 83, p . 1227; V . 85, p. 404. G u a ra n ty , V . 90, p . 8 4 8 .— (V . 9 0 , p . 848.)
BLOOMSBURG & SULLIVAN RR. — O w ns B lo o m s b u rg t o J a m ison C ity ,
Pa . 29 m ilts.
S to ck Is * 600 ,000 ; p a r. $50 . V . 66. p. 80, 952 . Y ea r
e n d in g Ju n e 30 1909, gross, $91 ,2 0 3 ; n e t, $ 3 7 ,8 8 2 ; o th e r in c o m e , $3,663;
l n t ., ta x e s , A c ., * 4 1 ,3 5 3 ; b a la n ce , su rp lu s, $ 1 9 2 .— ( V . 66, p . 8 0 , 952.)
B D CA & L O Y A L T O N RR. — O w ns from B o c a , on C en tral P a cific m ain
lin e , n o rth w esterly v ia L o y a lto n to B e c k w ith . 40 m iles; 6 m iles ad d itio n a l
m ain line and 10 m iles o f branches; t o ta l, 56 m iles. T h e D en . A R io G r.
Ju n e 30 1910 o w n ed 5 1 % o f s t o c k .
S t o c k , $1,2 0 0 ,0 0 0 ; p ar o f sh ares, $15.
B o n d s c o v e r also R o b e r ts L u m b er
C o .’s p r o p e r ty co m p risin g 62 769 acres o f pin e la n d s, w ater w o rk s , A c .
M ercantile T rust C o. o f San F ra n cisco Is m o rtg a g e tru stee. T h e y are s u b
je c t t o call fo r sinking fu n d at 110 an d In terest. V . 76, p .1 1 9 1 .
F o r year
e n d in g Jun e 30 1909, gross, $20 1,64 5; n e t, $ 98 ,270 ; oharges, $ 8 0 ,0 0 2 ; b a l.,
s u r ., $ 1 8 ,2 6 8 .— (V . 8 1 . p . 667.)
B O L I V IA R Y .— V . 89, p . 1667; V . 00, p . 107: V . 01, p . 716 .
B O O N V IL L E ST . L O U IS & SO U T H E R N R Y . — B o o n v llle t o V ersailles,
M o ., 44 m iles. In J u ly 1909 a n e x te n s io n o f lease t o M o . P a c . had been
a rran ged fo r 99 years fro m J u ly 1 1910 a t ann ual rental o f $25 ,000 , ta x e s,
ex p e n se s, A c .; also a new Issue o f $ 40 0,00 0 o f 9 9 -y e a r b o n d s b earin g a low er
rate o f Interest t o refu n d the o ld 6s d u e A u g . 1 1911. V . 8 9 , p . 2 8 4 . S to c k ,
$ 25 0,00 0; p ar o f sh ares, $ 12 5.— ( V . 8 9 , p . 284.)
BOSTON & ALBANY RR — O w ns from B o s to n , M a ss., t o A lb a n y . N. Y .
200 m iles, b ran ch es, 104 m iles; leased lines, 88 m iles; to t a l, 392 m iles.
Leased In 1900 fo r 99 years to the N ew Y o r k C en tral A H udson R iv e r R R .
fo r gu aran teed rental o f 8 % per annum o n th e *2 5 ,0 0 0 ,0 0 0 s t o c k .p a y a b le
q u a rte rly (M arch 3 0 , A c ) , o rg a n iza tio n exp e n se s, Interest on b o n d s, taxes,
e xpen ses o f m a in te n a n ce , A c .
T h e B . A A re ce ive d fo r ce rta in p ro p e rty
n o t Included In the lease $5 ,5 0 0 ,0 0 0 In N . Y . C entral 3 1 4 % 100 -year d eben
tu r e s .th u s ad d in g .7 7 % per annum to 8 % gu aran teed on s to ck .
See lease
In V. 69. p. 282; V . 6 9 . p 1061. 1102 1246; V . 70 p 7 4 ; V . 7 1 p 645 963.
In 1908 *7 non non
vear i % b o n d s w ere snl,|, gu aran teed prln. and
ln t. b y N ew Y o r k C en tral A H u d s o n R iv e r R R .
N o m o r tg a g e can bo
p la ced o n th e p r o p e r ty w ith o u t Join tly In clu din g th e b o n d s In th e lien.
V . 86, p . 1099, 1158, 1466, 1528: V . 8 8 , p. 99. In Ju n e 1909 Issued $ 4 ,5 0 0 ,
000 2 5 -yea r 4 % b o n d s fo r a d d itio n s a n d Im pr’ ts an d In 1910 sold $ 2 ,000,000
2 5 -y e a r 4s. V . 8 8 , p . 1060; V . 89, p . 102; V . 8 9 , p . 101; V . 0 0 , p . 1169,
1162: V . 0 1 , p . 335 , 396 .
D I V I D E N D S .— Sin ce 1900, 8 ) 4 % . v i z ., 2 % each In M arch and S e p t.,
2 ) 4 % In Ju n e an d 2 ) 4 % In D e c.
E A R N I N G S as r e p o rte d to S tate R a ilroa d C om m ission b y lessee:
C alendar
O perating
O p e r .l n c .
Other
In terest,
B a lan ce,
Y ear—
R evenues,
(after T a x e s ). In co m e.
D i v s .,A c
D eficit.
$140,000
$ 3 ,5 2 3 ,1 3 0 $577,834
1909 ....................$13 ,0 2 7 ,7 6 5 $2 ,7 0 6 ,2 8 7
1908 _________ 11,008,074
1,452,089
00.783
3 ,1 7 3 .0 5 0 1.624.177
— (V . 89, p . 102, 161; V . 90, p . 1160, 1612; V . 01, p . 335 , 306, 945 .)
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v i a t i o n s , t fee., s e e n o t e s o n f i r s t p a g e ]
B o s & L o w — S tk a u th ($7,119,400)1
B o n d s 20 years n o t m o r t g a g e .' See d e scrip tio n
In ‘ ‘ In v e s to r s ’
do
do
B on ds
do
do
B on d s
S u p p le m e n t”
o f A p r ., 1895,
do
do
B on d s
do
B on d s
c * ____ p . 2 .
do
do
B on d s
do
c * ____ B o sto n & M a ln e
g iv e s a rental
do
do
B on d s
g u a ra n ty for 99
do
B on d s
do
do
B on d s
years.
do
B on d s
do
do
do
do
B on d s
Boston & Maine— S t o c k , c o m m o n an d s c r ip -----------OB
P referred s to c k 6 % n o n -c u m u la tlv e _____________ OB
Im p r o v e m e n t b on d s s f n o t m o rtg a g e o r su b j to c a ll.
B on ds (n o t m ortg a ge ) fo r Im p ro v e m e n t & r e f - . c & r
B on d s (n o t m ortg a g e ) g o l d ----------------------------------- c & r
B on d s e x c h a n g e d for F itc h b u r g s to c k (V 70 p 1 7 5 ).
B on d s (n ot m o r t g a g e ), $ 1 ,0 0 0 ,0 0 0 ----------------------------B on ds $ 2 ,0 0 0 ,0 0 0 (n o t m o r tg a g e )----------------------------B on d s (n o t m o r tg a g e ), 20 y e a r -------------------------------- B on d s (n o t m o r tg a g e ). c u r r e n c y --------------------------- c& r
B on d s (n o t m ortg a ge) $ 1 2 ,0 0 0 ,0 0 0 ----------------------- c & r
P o r ts m o u th G reat Falls & C o n w a y 1st M a s s u m e d ..
Boston & P r o v id en ce— S to c k 1 0 % g u ar 99 yrs O ld Col
B o n d s , n o t m o r tg a g e -----------------------c*
Boston Revere Beach & Lynn— S t o c k . . . ------1st M (V 6 5 ,p 6 8 ; V 8 3 ,p 379 ) $ 1 , 000,000 g . .S B .c * & r
Boston Terminal C o— First m o rtg a g e c u r r -------O B .c& r
B rinson R v — 1st M. $1 0 0 0 ,0 0 0 , g o l d . .......... ................ F
Brunswick & Western — See A tla n tic C oast Line R R .
Buffalo Cr— C on (n ow ls t)M $ 1 .000,000 g Int as ren t.c*
Buffalo New York & Erie— See E rie R a ilro a d
Buffalo Rochester & Pittsburgh— C o m m o n s t o c k . . Tr
P ref s to c k n on -cu m c o m m o n 6 % then p ro r a t a .-T r
R & P 1st M g o ld R o c h e s te r to S a l a m a n c a ..-U n .c *
R & P c o n M g ............................................................. U n .c*
B R & P first gen m tg e ($ 1 0 ,0 0 0 ,0 0 0 ) g o l d . . . U n . c *
L in e P & C hari 1st M g o ld g u a r ..............................U n .c*
B R & P co n s o l m tg e $35 ,000 000 g o ld ._ C e .x .c * & r
D a te
B onds
M ile s
R oad
1892
1893
1895
1896
’ 9 7 - ’ 98
’ 9 9 - ’ 01
1903
1905
1906
1907
1909
,
73
68
1887
1892
1894
1900
1901
1903
1905
1906
1909
1877
1,090
1,000
100
100
1,000
1,000 &c
1,000
1.000
1,000
1,000
1.000
1,000 &c
1,000 & c
500 &c
...
1897
1897
151)
6
1891
1,000
1881
1882
1887
1889
1907
100
100
1,000
1,000
1,000
1,0 00
1,000 &c
9
109
239
273
10
353
BO STON & L O W E L L R R .— R O A D .— O w ns B o s to n to L o w e ll, 26 m ile s’
b ra n ch es— Salem and L o w e ll, 17 m iles; L ow ell and L a w re n ce , 12 m iles,
oth e rs , 45 m iles; M id dlesex C e n tra l, 11 m iles; leases— C o n n e c tic u t & Pass u m p slc, 146 m iles; N ashua & L o w e ll, 15 m iles: P e te r b o r o u g h . 10 m iles;
N orth ern N . H ., 83 m iles (and su bsid iary Hues 90 m ile s): S to n y B ro o k R R . ,
13 m iles; W ilto n R R ., 15 m iles. Leases m o s tly assum ed b y B o sto n & M a ln e .
Leased In 1887 for 99 years to the B oston « M aine at 7 % per an n u m on
s to c k till Ja n . 1 1897 an d 8 % th e re a fte r. T h e s to c k h o ld e r s v o t e d J a n . o
1910 to Increase s to c k fro m $ 6 ,8 4 9 ,4 0 0 to $ 7 ,1 1 9 ,4 0 0 , th e $ 2 7 0,00 0 new
s to c k b ein g sold M arch 9 1910 fo r a d d itio n s an d Im p ro v e m e n ts . V . 8 9 ,p .
1667; V . 90, p. 625 , 6 9 6 .— (V . 90. p . 108. 625, 696 .)
BO STON & M A IN E R R .— R O A D .— T h e system w ith Its m a n y branch
lines c o v e r s the territory from B o s to n . M ass., to P o r t la n d , M e. (tw o d iv i
s io n s ), S prin gfield. M ass., S h e r b r o o k e , C a n ., R o tte r d a m J e t. and l'r o y
N . Y .. W o r c e ste r . M ass., to P o r tla n d . M e ., and m ost o f N ew H am pshire.
L i n e s l e a s e d — (C o n c l u d e d ) .
M ile s .
L in e s ow n ed .
M ile s .
F i t c h b u r g ________________________ « 4 5 8
B oston , M ass., t o P o r tla n d , M e .,
via W estern D iv is io n --------------- 115 N ashua & L o w e ll_________________ a l 5
B oston to P o r tla n d , E astern D lv . 108 W o rce ste r N ashua & R o c h e s t e r . a94
C o n n e cticu t R iv e r R R ___________ a81
C on w a y J u n e ., M e ., to N orth
74
C o n w a y , N . H --------------------------- 73 O th er ____________________________
9
P o rts m o u th E lectric R y ------------18 T rack a ge r i g h t s _________________
P o r tla n d , M e ., to R o c h e s te r ,
N . H ...................................................
54 T o ta l op e ra te d J u ly 1 191 0------- 2,290
2d track (3d & 4th tr a c k , 10) 564
N orth C a m b rid ge J e t. to N o r t h
96 C on trols M aine C e n t. S y s t e m . . 1,164
a m p t o n . M ass--------------------------S t. J o h n sb u ry & L a ke C h a m p . 131
S u n dry b ra n ch e s ___________________ 148
Y o r k H a r b o r & B e a ch ________
11
L in es l e a s e d , a See this c o m p a n y .
V e r m o n t V a lle y ----------------------24
B oston & L o w e ll__________________a469
______
__ _____
..
Sullivan C o u n t y ----------------------26
C on
cord _____
& M____
on trea
l______________
_______ n 478
In F e b . 1910 th e B o s to n R a ilr o a d H o ld in g C o . (w h ich see below ) had
a cq u ired In th e Interest o f the N . Y . N . I I . & I I . 5 1 % o f B . & M . s to c k .
B oston & M aine guaran tees $1,3 2 8 ,0 0 0 first 5s o f S t. J o h n sb u ry & Lake
C h am pla in
A lso Interest o n $274,000 M anchester & L a w ren ce 4s
J o in tly
w ith M aine C entral gu aran tees $30 0,00 0 P ortlan d S ta tio n bon d s
In 1910 pu rch ased $ 1 ,7 7 7 ,1 0 0 o f th e $ 3 ,0 9 9 ,8 0 0 W o r e . N ashua & R o c h .
s to c k .
V . 90, p . 625.
S T O C K .— S to c k h o ld e r s w ill v o t e N o v . 2 1910 o n Increasing the s to c k b y
$ 1 0 ,6 6 3 ,7 0 0 fo r Im p rov e m e n ts; o u ts ta n d in g O ct. 1910, $ 2 8 ,8 4 1 ,6 9 0 .
D I V S . S ln c e ’ 921 ’ 93. ’ 9 4 -’ 98. ’ 99. ’ 00 to J u l y ’ 08. 1908.
‘ 0 9 . 1910.
C o m m o n ...........% l
8 6 y ’ly . 6
7 y e a r ly .
O c t ., 116 6
6
B O N D S .— A s to d e b e n tu re s , see Issue o f A p ril 1895.
E A R N I N G S .— 2 m o s ., 1 191 0............ G ross, $ 7 ,9 5 3 ,5 0 6 ; n e t, $2,6 2 0 ,6 3 0
J u ly 1 t o A u g . 3 1 .
[1 9 0 9 ............ G ross.
7 ,6 7 4 ,0 0 1 ; n e t,
2 ,8 4 3 ,0 3 7
A N N U A L R E P O R T .— A n nual m e e tin g s e co n d W e d n e s d a y In O c t .
R e
p o r t 1009-10 In V . 91, p. 864 .
„
1 90 9-1 0.
190 8-0 9.
190 7-0 8.
P a ssen ger
$1 5 ,0 0 3 ,0 6 6 $ 1 3 ,7 6 3 ,6 9 6 $1 3 ,8 4 4 ,2 2 6
F reigh t
* ............................
2 5 ,4 5 1 ,2 3 7
2 3 ,0 1 4 ,4 3 9 2 2 ,4 8 6 ,0 6 5
M ail, exp ress, & c ............................
2,9 0 2 ,8 7 2
2 ,7 5 0 ,5 6 3
2 ,6 6 0 .4 5 8
T o t a l o p e ra tin g re v e n u e s ......................$4 3 ,3 5 7 ,1 7 5 $ 39 ,528 ,60 8 $ 38 ,990 ,74 9
N et In com e (a fter t a x e s ) ...........................$ 1 0 ,732 ,08 4 $10 ,1 7 7 ,2 2 5 $9,0 6 4 ,1 3 5
R e n ta ls , sin k in g fu n d , & c . .....................
6,0 9 8 ,4 5 2
5 ,9 3 0 ,2 6 5
6,5 4 2 ,7 3 4
In terest a c c r u e d _______________________
1,7 8 3 ,9 1 0
1 ,8 5 9 ,3 5 7
1 ,7 6 9 ,9 0 5
A d d itio n s a n d b e tte r m e n ts ___________
198,842
41,0 9 9
80,537
D iv id e n d s o n preferred s t o c k , 6 % . . .
188,988
188,988
188,988
D iv id e n d s o n c o m m o n s to c k .............(6 )1 ,6 7 9 ,5 3 2
( 6 ) 1 ,628,373 (7 )1 ,8 9 1 ,6 3 3
B a l a n c e .......... ........................................ su r.$ 783,260 s u r.$ 529,143ad f$1 400,662
a D ecreased $54 3,20 6 fro m “ c o n tln g . f u n d ,” le a v in g n et d e f. $86 6 ,4 5 6 .
O F F I C E R S .— P res id e n t, C . S . M ellen; 4th V .- P . a n d G en eral lA u d lt o r ,
W . J. H o b b s ; T r e a s ., H e rb e rt E . F isher. O ffic e , B o s to n .
D ir e c to rs .— C h as. S. M ellen, S am uel H e m in g w a y , N ew H a v e n , C o n n .;
J . P . M organ , N ew Y o r k ; L u ciu s T u tt le . R ich a rd O ln e y , J . M . P ren d erga st,
A le x a n d e r C och ra n e, A m o r y A . L a w re n ce , B o s to n ; R o b t . M . B u rn e tt,
S o u th b o ro , M ass.; W a lte r C. B a y llc s , T a u n to n , M ass.; P h ilip D e x te r ,
B e v e rly . M ass.: T h e o . N . V a il. L y n d o n . V t.; A . W . S u llo w a y , F ra n k lin ,
N . H .: W illia m S k in n er. H o ly o k e , M ass.: F re d . C. D u m a ln e , C o n co r d ,
M ass; E d w in F . G reen e, W a y la n d , M ass.; F re d . E . R ic h a r d s , P o r tla n d , M e.;
E d w a rd P . R ic k e r . S o u th P o r tla n d , M e.: Chas. F . L In sle y, M eriden , C on n .
— (V. 90, p . 235, 446 , 501, 625; V . 91, p . 716, 86 4 , 945, 1024, 109o.)
BOSTON & PROVIDENCE R R .— O w ns B o sto n M ass., t o P r o v id e n c e .
R . I . . 44 m iles; bran ch es 20 m iles.
L eased 99 years A p ril 1 1888. to Old
C o lo n y R R .; rental 1 0 % y e a rly o n s t o c k .
In Jun e 1907 a law w as signed
p e rm ittin g co n s o lid a tio n w ith O ld C o lo n y R R . — ( V . 84 p . J487.)
BOSTON RAILROAD HOLDINQ C O .— In c o r p o r a te d In M assachusetts
Ju n e 18 1909 u n d e r special A c t w ith p o w e r to h old se cu rities o f B o sto n &
M aine. T h e $10 0,00 0 o rig in a l s to c k Is to be h eld b y th e In corp ora tors o r
th eir su ccessors. S ee la w , V . 8 8 , n . 1618. T h e N . Y . N . H . & H a rtford
w ill o w a o r c o n tr o l th e re m a in d e r o f th e c o m m o n s t o c k .
O n O c t . 4 1909 to o k o v e r $ 1 0 ,9 9 4 ,8 0 0 B . & M . s to c k a t $140 p er share,
p a y a b le $15 In s to c k and $125 In 4 % 5 0 -y e a r b o n d s re d e e m a b le a t 105,
callin g fo r $1,6 4 9 ,0 0 0 s to c k an d $ 1 3 ,7 4 3 ,5 0 0 b o n d s. V . 8 9 , p . 161, 528.
I n O ct. 1909 ask ed perm ission to p u rch ase $ 1 ,5 7 5 ,5 0 0 a d d itio n a l B . & M.
c o m . s to c k a t $154 per share, p a y a b le $125 In 50 y r . 4 % b o n d s d u e N o v . 1
1959 an d rem ain d er in s to c k ; also $58 2,60 0 pref. s to c k a t $162, p a y a b le $125
In 4 % b on d s an d $37 In s t o c k , an d In F e b . 1910 $ 2 ,7 8 6 ,8 0 0 In c o m .a n d $71 ,
700 p ref. s to c k a t $155 a n d $162 per share, r e s p e c tiv e ly , p a y a b le $125 per
share In b on d s a n d rem ain der In s t o c k , m a k in g a to ta l o f $1 5 ,3 5 7 ,1 0 0 B. &
M . c o m . o u t o f $28 ,2 7 1 .7 9 0 o u ts ta n d in g an d $65 4,30 0 p re f. o u t o f $ 3,149,800
t o b e ow n e d , o r 5 1 % o f th e en tire B . & M . s t o c k . T h is Increased th e c o m
p a n y ’s s to c k t o $ 3 ,1 0 6 ,5 0 0 an d th e b o n d s to $ 2 0 ,0 1 2 ,0 0 0 .
V . 8 9 , p . 992;
V . 9 0 , p . 446 , 501 , 771.
I n S e p t. 1910 a p p lic a tio n w as m ad e t o Issue n o n -v o t in g 4 % p r e f.s t o c k ,
s u b je o t to call at a n y tim e at 110, gu ar, b y the N . Y . N . I I . & II. an d sc
ou red b y an equa l a m o u n t o f I). & M. s to c k , as au th o riz e d b y th e M ass.
L egisla tu re, to tak e th e p la ce o f b o n d s p r e v io u s ly Issued. V . 90, p . 1612;
V . 91. p . 153, 945
%
$7,1 1 9 ,4 0 0
8
4
1 ,000,000
4
1 ,000,000
500,000
4
4
750,000
4
414,000
939.000
3H
3H
250,000
500.000
3H
4
500,000
4
325,000
4
350 000
6 in 1910
See te x t .
6
3,1 4 9 ,8 0 0
4
1,919,000
4
2 ,5 0 0 ,0 0 0
6 ,000,000
4H g
5 ,4 5 4 .0 0 0
3 g
1 ,000,000
3H
2 ,000,000
3H
500,000
3H
4
1 0 ,000,000
11,7 0 0 ,0 0 0
4H
1 ,000,000
4H
4,0 0 0 ,0 0 0
10
4
2,1 7 0 ,0 0 0
850.000 6 In 1910
850,000
4H g
1 4 ,000.000
3H
420 ,0 0 0
5 g
$100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
100
1,000 &c
1,000 &e
1,000
’ 88-’ 93
R a te
A m ount
O u tsta n d in g
Par
V a lu e
1 ,000,000
5 g
1 0 ,500,000 4 In 1910
6 ,000.000 6 In 1910
6 g
1,300.000
3.9 2 0 .0 0 0
6 g
4,4 2 7 ,0 0 0
5 g
350.000
5 g
6 ,1 8 9 ,0 0 0
4 « g
L a st D iv id e n d
a n d M a tu rity
W h en
P a y a b le
&
J J u ly 2 1910 4 %
& O A p r 1 1932
& A F eb 1 1913
& S M ch 1 1915
&
.1 J u ly 1 1916
& () O ct 1917 & 1918
&
.1 1919 & 1921
& N M ay 1 1923
& S S e p t 1 1925
& N N ov 11926
&
,J J u ly 1 1927
& O A p ril 1 1929
O ct 1 1910 1 H %
J— J
M & s S e p t 1 1910 3 %
F & A F eb 1 1937
F & A A u g 1 1942
&
J
J Jan 1 1944
.1 & J J u ly 1 1950
M
& N N o v 1 1921
&
J
J Jan 1 1923
F & A F eb 2 1925
& S S e p t 1 1926
M
A & o A pril 1 1029
& D June 1 1037
J
O ct 1 1910 2 H
•l— J
&
J J u ly 1 1918
J
.1 & J J u ly 1 1910 3 %
&
J J u ly 15 1927
J
F eb 1 1047
Text
& N M ay 1 1035
M
J
A
F
M
J
A
•J
M
M
M
J
A
P la c e s W h e r e In te r e s t a n d
D iv id e n d s a r e P a y a b le
A t O ffic e , B o s to n
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A t O ff,C a u se w a y S t B os
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N ew Y o r k an d B oston
do
do
B o s to n T e rm R o o m A Z 4
do
do
O ffic e , o r ch e ck s m ailed
S tate St T ru s t C o , B oston
S tate N a tio n a l B k B oat
N ew Y o r k
U S M ort & T r C o, N Y
J
&
J Jan
F
F
F
J
&
&
&
&
&
&
&
A A u g 15 1010 2 % 36
M
.1
M
1 1941
A A u g 15 1910 3 %
A F eb 1 1921
D D ec 1 1922
S S ept 1 1937
J Jan 1 1039
N M ay 1 1957
W a ll St
do
do
do
do
do
do
N ew Y o r k
do
do
do
do
do
do
T h e B lilard C o m p a n y , an a llied B . & M . h o ld in g c o m p a n y , In O c t . 1909
Increased Its share c a p ita l fro m $ 5 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 .
P r e s ., F red eric C. D u m a ln e , C o n co r d , M ass.; V .- P ., W a lte r C. B a ylles,
B o s to n ; S e c ., R o b t . M . B u rn e tt, S o u t h b o r o , M ass.— (V . 91, p . 153.)
BOSTON R E V E R E BE ACH & L Y N N RR ,— O w ns n a rro w -g a u g e road
from L y n n to E ast B o s to n . M ass.. 9 m iles, c o n n e c tin g w ith B o sto n b y c o m
p a n y ’ s fe rr y -b o a ts ; W In th ro p D iv is io n , East B o sto n to W In th r o p . 5 m iles.
In S e p t. 1908 $ 3 7 9,10 0 s to c k w as acq u ire d b y E s ta b ro o k & Co. V . 8 7 , p .
$676. N o te s p a y a b le J u ly 1 1910, $ 29 0,00 0.
D I V S .1 ’8 8 -’ 91. ‘ 92. ‘ 93. ‘ 94. ‘ 95. ‘ 96. ‘ 97 to ‘ 05. ‘ 0 6 . ‘ 07. ‘ 08. ‘ 0 9 . 1910.
P . C -.J 7 y r ly . 5 H
5 4K
4
3
2 y e a r ly . 4
5
0
6
6
Y r. en d . J u n e
3 0 — C ross.
N e t.
I n t.& ta x e s .
D i v s . p a id . B e d ..s u r .
1 9 0 9 -1 0 .........
$88 7,88 9 $11 9,94 8
$ 67 ,590
(6 % ) $ 5 1 ,0 0 0
$1,3 5 8
1 90 8-0 9............................. 863 ,4 7 5 121.533
69.493
( 6 % ) 5 1 ,0 0 0
40
— (V . 81. p . 1722; V . 8 3 . p . 270 , 379; V . 84, p . 1365; V . 8 7 , p . 6 7 « .)
BOSTON T E R M I N A L CO.— O w ns S o u th e rn U n ion D e p o t In B oston
o p e n e d In 1899.
V . 68 p. 40; V . 6 9 , p. 591. B o s to n & A lb a n y . N ew E n g
la n d . B oston & P r o v .. O ld C o lo n y an d N . Y . N . H . & H a rtfo rd R R C os.
each ow n s on e fifth o f the $50 0,00 0 ca p ita l s to c k and p a y as rental In m o n th ly
Installm ents sum s su fficie n t to p a y all e x p e n se s, c h a rg e s. Interest o n b on d s
an d 4 % on s to c k . T h ese co m p a n ie s are Jointly liable fo r a n y d e ficien cy In
case o f foreclosu re.
R eg . Int. p a y a b le Q F; c o u p o n s F & A .— ( V . 8 7 . p 2 2 4 .)
B R A Z I L R Y . — V . 90. p . 396 .
BR INS ON R Y . — O w n s S a v a n n a h , G a ., t o Mill H a v e n , 72 m iles, c o m "
pleted S e p t. 1909. P r o je c te d to e x te n d fro m S a v an n ah to A th e n s. 180 m S T O C K .— C o m m o n , $ 1 ,0 0 0 ,0 0 0 , a ll o u ts ta n d in g : p r e f., 7 % c u m u la tiv e ,
$50 0 ,0 0 0 ; o u ts ta n d in g , $27 5 ,0 0 0 ; p a r, $100.
O f th e b o n d s ($ 1 ,0 0 0 ,0 0 0
a u th . Issue), th e rem ain in g $ 5 8 0,00 0 are Issuable a t n o t o v e r 8 5 % o f th e
c o s t o f e x te n sio n s an d Im p ro v e m e n ts, b u t o n ly w hen th e net earnings a fter
ta x e s , repairs, & c ., fo r 6 c o n s e c u tiv e m o n th s w ith in th e last 8 m o n th s shall
h a v e been tw ic e th e Int. ch arge fo r a h a lf-y e a r, in cl. th e b o n d s ap p lied fo r .
V . 91, p . 33 5 .
F o r 7 m os. e n d . M arch 31 1910, gross, $ 89 ,808 ; n e t, $43 ,7 7 9 .
P r e s ., G e o . M . B rin so n .
O ffic e , S p rin g fie ld , G a .— (V . 8 6 , p . 7 2 9 . 1158:
V . 8 8 , p . 944: V . 90, p. 1554, 1674; V . 91, p . 335 .)
B U F F A L O C R E E K R R .— O w n s 6 m iles o f term in al road In B u ffa lo, N . Y .
In D e ce m b e r 1889 leased for term o f ch a rte r less on e d a y to the L eh igh V a l
ley an d the Erie R R ., w h ich to g e th e r o w n en tire c a p ita l s to c k o f $ 25 9,00 0.
R e n ta l Is Interest o n b o n d s an d 7 % o n s t o c k .— (V . 84, p . 50.)
B U F F A L O RO C HE ST E R & P I T T S B U R G H R A I L W A Y — (See U u > . ) —
O perates from B u ffalo an d R o c h .. N . Y . , to b itu m in o u s c o a l region s.
T r a c k a g e (C o n c l u d e d ) —
M ile s .
*L in es o w n e d in f e e —
M ites .
W illo w G ro v e to P itts b u r g h , F a .
7
Buffalo Creek, N . Y . , to Mt.
J e w e tt, P a ----------------------------------- 192 P e n n . R R . — P e n n . R R . J e t . to
S h u m a n R u n Y , P a ________ . . . 19
Clarion Jet. to Lindsey, P a . . . .
59
Rochester to Ashford, N . Y . — 94 O t h e r _______________________________ 6
L e a s e d — S to c k n o t o w n ed —
Charlotte, N . Y .. to Lincoln Park 10
Indiana B r a n ch -------------------------------- 63 A lle g h e n y & W e s te rn — a
P u n x s u ta w n e y to B u tle r, P a .,
Six branches___________________ 27
& c _________________________________ 66
T racka ge—
E rie —Mt. Jewett to Clarion J e t .. 21 C learfield & M ahoning-—a
Clearfield t o B eech Creek R K - . 26
Baltimore & Ohio—
2
Butler. P a ., to Newcastle----------41 M ahoning V a lle y R R _____________
Rlbold Jet. to Allegheny C it y . . 33
Total Sept. 19 10 (a See separate statement for this com pany)-------------- 674
O R G A N IZ A T IO N . E T C — Successor In March 1887 to the Rocheater &
Pittsburgh, which was foreclosed In O ct. 1885, per plan In V . 4 1, p. *16.
The entire capital stock ($4,000,000) of the Rochester & Pittsburgh C oal
& Iron Co. was owned (V . 66, p. 1088) and through that company In M ay
1896 control was acquired of the Jefferson & Clearfield Coal & Iron Co. (see
that co. under "Industrials”) with $3,000,000 stock. In 1906 the stock
of the Roch. & Pitts. C . & I. Co. was transferred (subject to the lien of the
general mtge.) to the Mahoning Investment C o ., having $4,200,000 author
ized stock In $100 shares, In consideration of $4,125,000 stock, the latter
being distributed Dec. 1906 pro rata In proportion °* 2 5 % among the
holders of R y . common and preferred stocks. V . 83, p. 1468. V , 8* p.
414, 415, report. V . 87, p. 542. For bonds of these coal companies see
Mlscel. Cos. Clearfield & Mahoning securities are guaranteed.
D IV S . 1 ‘ 9 7 . ‘98. ‘99.’00. ‘0 1. ’02. ’03. ’04 to ’06. ’07. ’08. ’09. 1* 16 .
P ref
(% ) 1
1
2
2
6
6
6 6
6 y e a rly 6
6
8
8
Com. ( % ) J
_
-- 4
4 5J4
6 yeariy 5 H
4
4
4
The Mahoning Investm ent Co. in A ug. 1907 and March 1908 also paid 2 %
d iv. on Its stock: Aug. 1908, 2 % ; 1909 and 19 10 , none. .V 88, p. 685.
Compare "O rganization” above. V . 85, p. 283.
B O N D S — General 5s for $5,573,000 are reserved for prior bonds, &c
The $35,000,000 5 0 -year consols are to bear not over 4 H % I n t .,$2.000,000 were issuable at once. $18 ,14 5,0 00 to retire underlying obligations at
or before m aturity and the remaining $13,855,000 to be reserved for future
requirements after Ju ly 1 1908 at not over $1,500,000 yearly In 1908 or
subsequent calendar years, or such larger amount In any year as stock
holders may authorize. In Feb. 19 10 permission was given to sell $ 1,2 7 7 ,
000 bonds for improvements during the calendar year, and In Aug. 19 10 to
Issue $117,0 0 0 to acquire the Silver Lake R y .,c t c ., making $6,189,006 bonds
outstanding. V . 84. p. 867, 1306; V . 85. p. 39, 414; V . 86, p. 336: V . 87,
p.„1009; V . 90. p. 3 7 1, 558; V . 9 1, p. 400, 588.
A sinking fund of 5 % will retire series A , 11 & 0 equipment bonds annually
on May 1. If purchasable at or below par; otherwise to be applied to the pur
chase of additional equipment. V . 6 8 . p. 1131; V . 7 1 , p. 5 0 l ; V . 7 3 , p. 348.
Series D and E have an annual sinking fund of 6 % for purchase of bonds
Sept. 1 and May 1 , respectively, at 105 and Interest; If not purchasable,
bonds may be drawn by lot; Series E may also be called as an entirety at 106.
Series F m a y be purchased by sinking fund at not over par or draw nbylot
at par and may also bo drawn at 102 and Interest on any Interest day. V .8 4 ,
p. 1365; V . 85, p. 283, 414 , 863 . Scries G have an annual 6 % alnklnrfw nd,
but cannot be called. V . 89, p . 408 ; V 91, p . 400.
E A R N IN G S .— 2 mos., J 10 10 ...........Gross, $1,047,679: net. $624,679
J u ly 1 to Aug. 3 1 .
\ 19 0 9 _____ Gross, 1,6 11,7 9 3 : net,
666,321
RAILWAY STOCKS AND BONDS
OOT., 1910.]
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v i a t i o n s , i fee., s e e n o t e s o n f i r s t p a g e ]
M ile s
R oad
D a te
B onds
Par
V a lu e
A m ount
O u tsta n d in g
R a te
%
W h en
P a g a b le
L a s t D iv id e n d
a n d M a lu r itg
B u ff R & P ( C o n ) E q u .p b d s $50 0,90 0 g o ld s f Ser A . G .c *
1899
1,000
$ 5 o 0 .000
4 t* g M fc N M ay 1 1919
do
do
B & C ($ 9 J 5 ,0 0 0 S r B )ca ch gold s f G
1900-1
1,060
1,995 .000
4 H 1? M fc N M ay 1 '2 0 '21
do
do
D $ 2 ,000,000 g o ld red 105 sink fund
1902
1,000
4 M g M <fc N N o v 1 1919
1,302,000
do
do
E $ 2 ,0 0 0 ,0 0 0 g o ld red 105 sink fund
1904
1,000
1.618 000
g M Ar, N M ay 1 1922
do
do
F $ 3 ,0 0 0 ,0 0 0 gold red sinking f u n d . .
1907
1,000
4 K g A fc. O A p r 1 1927
2 ,4 8 5 ,0 0 0
do
do
G $ 3 ,0 0 0 ,0 0 0 g o ld sink fu n d _______ G
1,000
1909
A
fc O O ct
1 1929
754 ,000
4 g
50
B u ffa lo & Susq u eh an n a R R — C om m on s to ck gu ar 4 %
& J Jan 1 1910 2 %
4,6 5 6 ,9 0 0
4
r
P referred s to c k non cum gu aran teed 4 % _________ K
50
4
d
Mch 1 1910 1 %
4 ,000.000
c
First M g o ld sinking fund redeem at p a r ___/Me e*& r
500 &e
A fc o O ct 1913
102 1893
5 g
61.500
First refu n din g m ortg a ee gold (see te x t)
M p .e*& r
.!
265 1901 1,000 &e
fc
.1 A p r 1 1951
9 ,510.000
4 g
fc
B u ff & Susq R y — R e c e iv e r ’s certfs $ 7 5 0 ,0 0 0 a u th r e d 101
1910
6
J
J J u ly 1 1911
383 ,000
___
F irst M $ 6 ,0 0 0 ,0 0 0 g o l d _____________ _______ U s.e*& i
1903 1,000 &c
6 , 000.000
4 16 g M fc N A p r 1 1953
1906
1,000
E q u ip m e n t trust b on d s $44,000 d u e s e m l-a n . U sm .c
5
&
519 .000
J
.1 Jan 11 J u ly ’ 16
1907
do
do
Ser B (V 85 p 39) $27 ,000 s-a -U s m
1,000
5
A & O A p r 11 A p r ’ 17
351,000
___ 1907
1,000
5
do
do
Ser C (V 85 p 283) $45 ,000 s - a .P e P
F & A F e b l l - A u g ’ 17
63 ),000
1907
do
do
Scr D $15 ,000 sem i a n n u a lly _____
1,000
210,000
5
F & A F e b ’ 1 1 -A u g '17
B u llfro g -G o ld fie ld RR
Sec T V n o o a h & T id e w a te r R
B u rlin gton C edar R a p id s & N orthern— See C h ica go R o c k Is: and & P a cific R y an d also R o c k Isl and C o.
u
in
cy
.
n
fc
Q
B u rlin gton & M issouri V alley— See C h icago B urllngto
1907
. ..
1,000
B u rr’ s F etry B row n d e! & C h ester — F irst M g o l d - .x o *
165,000
A fc O A p r 1 1937
$ g
Californ ia P a cific — See S ou th ern P a cific R R .
Cal W R R & N— 1st M $600,000 g o ld gu a r s f ( t e x t ) . c *
27 1910
1 .000
600 .0 0 0
J
6 g
J Jan 1 1915
103 1891
1,000
1,279.000
Cam bria & C learfield — 1st M ($ 2 ,0 0 0 ,0 0 0 ) g -------G P .c *
J
fc
1 1941
5 g
J Jan
30 1882
B ell’s G /ip co n s o l M sink fund n o t d r a w n — G u P .c *
500 <Scc
145,000
6
A fc O A p r 2 1913
46 1886
Clearfield & Jefferson first m o r tg a g e ________ G u P .c *
500 <Sec
1 ,000,000
6
fc
J
J Jan
1 1927
76 1890
1.000
1 ,021.000
P en n sy lv a n ia & N W gen M $ 2 ,5 0 0 ,0 0 0 ---------G u P c*
5
J
fc
J Jan 1 1930
1,000
392 1905
C am bria fc C learfield general m o rtg a g e g o l d --------- .
1,255,000
F fc A F eb 1 1955
4 g
25
30
381,925
6
Camden & B u rlin gton C o u n ty — S to c k 6 % guaran teed
J
&
J J u ly 1910 3 %
1.000
30 1897
First M g gu p & 1 b y U n N J R R fc Can C o . - G P .c *
350,000
F & A F eb 1 1927
4 g
396 1905
$ or £
Canada A tlantic — C on (n ow 1st) M g gu p & 1 —
U , 384,644
J
fc
J Jan 1 1955
4 g
1900
4
150,000
M & s S ept 1 1956
37 1909
Cen tral C ou nties first m ortg a g e Interest r e n ta l—
£ 9 7 ,5 0 0
4
M & S 14 1949
1,000
Canada Michigan & Chicago — 1st M (see V 63 p 838)
457
100 $ 1 5 ,090 ,00 0 See text F fc A A u g 1 1910 1 H
Canada S ou th ern — S t o c k ------------ ---------------------------------404 1878
1st M e x t In 1908 (Can m o n e y )____________ ______ _____
$ 1,000 $ 14 ,000 ,00 0
fc
6g
J
J Jan 1 1913
404 1883 1,000 &e
S econ d M for $6,0 0 0 ,0 0 0 (Can m o n e y )
do
c& r
6 ,000.000
5
M fc
S M ch 1 .1913
1.000
16 1895
130,000
ea m ln g ton & St Clair 1st M g gu p fc 1 (e n d ). .. c*
A fc O O ct 1 1945
4 g
f
125 1896
£100 ]
4
A u g 1 1926
C a nadian Nor— I. Man R y fc Can Co $8,000 p m l G uar.
177 1899
£100 )
F fc
4
A F eb 1 1929
C a n adian N orth D lv $8,000 per m ile . . ----------1 by
See
i
a
108 1899
£100 1 t e x t
F fc A Feb 1 1929
M a n itob a & S E (a s s u m e d , $ 8 ,0 0 0 per m ile ) M an.
1
£100 J
N o v 1 1930
4
27 1900
G ilb ert P lain s B ran ch $8,000 p er m ile
G ovt
(
£100
BUFFALO ROCHESTER & PITTSBURGH RY. (C o n c lu d e d ).
A N N U A L R E P O R T .— F iscal y e a r en ds Jun e 3 0 . T h e ann u al m eetin g
Is h eld at N ew Y o rk on th e th ird M o n d a y In N o v e m b e r . T h e report fo r
1909-10 w as g iv en a t len gth In V . 01, p . 39 2 , 400 . In 1909-10 carried
0 ,5 2 6 .0 8 7 ton s o f b itu m in ou s coa l (o u t o f 1 0 ,1 7 0 ,4 8 3 to ta l to n s o f fre igh t
m o v e d ) , again st 5 ,1 8 6 ,0 4 3 In 1008-09
Y e a r e n d i n g J u n e 30—
190 9-1 0.
1908-09.
1907-08.
O p era tin g r e v e n u e ____________________ $ 8 ,9 3 6 ,1 1 7
$ 7 ,1 7 1 ,8 9 7
$7,4 8 4 ,0 2 8
6 ,0 9 4 ,3 5 5
4 ,7 9 8 ,8 0 5
5 ,5 2 2 ,6 7 9
O p era tin g exp en ses a n d t a x e s _______
O p era tin g In c o m e ___________________ $2,8 4 1 ,7 6 2
N et (In clu d in g o th e r I n c o m e ).................. $ 3 ,394,143
R e n ta ls -------------677,081
In te r e s t on b o n d s, & c ________________
1 ,189,689
M iscella n eou s__________________________
12,696
N ew e q u ip m e n t ________________________
125.000
190,000
E q u ip m e n t b o n d s r e tir e d .......... ............
D iv id e n d o n preferred s to c k ( 6 % ) ___
360 ,000
D iv id e n d on c o m m o n s t o c k .................... (4 )4 2 0 ,0 0 0
$2,373,092
$2,8 0 9 ,9 0 5
641 ,067
1 ,126,415
12,484
$ 1 ,9 6 1 ,3 4 9
$2,787,451
647 .595
1,103,664
13,203
360 ,000
(4 )4 2 0 ,0 0 0
360 ,0 0 0
(5 )5 2 5 ,0 0 0
B a la n ce, su rp lu s________ _________- $ 4 1 9,67 7
$249,939
$13 7,98 9
O F F I C E R S .— P res., A d ria n Iselln J r .. N . Y . ; V .- P ., W . E m len R o o s e
v e lt, N . Y .: V .- P . & G en . M g r., W . T . N o o n a n ; T r e a s ., J . F . D in k e y ,
R o c h e s te r ; S e c . & A s s t. T r e a s ., E rnest Iselln , N . Y .
D ir e c to r s — H en ry G . B a rb e y , A . Iselln J r ., W m . E . Is e lln , A . L a n fea r
N orrle, W a lte r G . O a k m a n , C. O ’ D . Ise lln , W . T . N o o n a n , G e o rg e E m len
R o o s e v e lt . \V. E m len R o o s e v e lt, E rn est Iselln . O scar G rlsch, S am u el W o o lv e r t o n a n d H arry Y a te s . 'N . Y . o ffic e , 36 W all S t .— (V . 91, p . 588, 1024.)
BUFFALO & SUSQUEHANNA R Y .— C o m p a n y o w n s fro m W e lls v llle , N . Y . . to B u ffa lo, 86 m iles, and leases the B u ffalo fc S u sq u eh an n a R R .
tor 999 years from J u ly 1 1907 o r Interest o n b o n d s and guaran teed d i v i
d en d s o f 4 % y e a rly on the c a p ita l s to c k .
B y this lease and Its o w n e rsh ip
o f the entire c o m s to c k o f the B . & S . R R . , the c o m p a n y c o n tr o ls road e x
ten d in g fro m W ellsvllle, N . Y . , to S a g a m o re , P a ., a b o u t 60 m iles north o f
P itts b u r g h , w h ic h , w ith Us several b ra n ch e s , has a to ta l m ileage o f a b o u t
270 m iles. T o ta l m ileage ow n ed and leased. 362.
T h e p lan ts o f the B u ff. & S u sq . C oal & C ok e C o . and o f the P o w h a ta n
Coal & C ok e Co. (V . 75 p. 922; V 7 9 . p 2061 2091 92) are lo ca te d on the
lines o f th e B . f c S . R R .
T h e B u ff. fc S u sq . Ir o n C o ., m erged In R o g e rs B row n Iron C o. A p ril 1 1910, w h ich ow n e d 2 blast fu rn a ces a t BulTalo,
a cq u ired Its entire s u p p ly o f coa l a n d c o k e fro m th e plants o f th e P o w h a ta n
C oal f c C ok e C o. See V . 75, p . 922; V . 79, p . 2061, 2092. C o n n e ctio n Is
m a d e a t BulTalo w ith th e B u iralo fc S u sq u eh an n a SS. C o.
R e c e i v e r s h i p . — O n M ay 2 1910 H a rry I . M iller w as a p p o in te d rece iv e r,
Interest on first 4 Ms being In d e fa u lt.
F o reclosu re p e n d in g . V'. 90, p . 1238.
In J u ly 1910 $75 0,00 0 r e c e iv e r ’s ce rtfs w ere a u th o riz e d , present Issue
$ 3 8 3 ,0 0 0 , ra n k in g ahead o f 1st 4 H s. V . 91, p . 153, 214.
C o m m i t t e e J o t F i r s t 4 H s .— W illia m S a lo m o n , C h airm an; G e o . G . H e n r y ,
25 B roa d S t ., S e c .; B a n k ers’ T ru s t C o ., d e p o s ita r y . V . 90, p . 1238.
S T O C K .— A u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; Issued. $ 1 0 ,000 ,00 0; par $100.
B O N D S .— T h e first 5 0 -y r. g o ld 4>^s (a u th o rize d Issue $ 6 ,0 0 0 ,0 0 0 , all
o u tsta n d in g ) are secured b y a first lien on th e term inal p r o p e r ty at BulTalo
and the 86 m iles o f railroad In N ew Y o r k S ta te : also b y d e p o s it w ith the
trustee o f all the $ 4 ,6 5 6 ,9 0 0 c o m . s to c k o f the Butf. & S u sq . R R . C o . V .
74. p. 1040
See V . 76. p . 593: V . 79. p . 2695.
E A R N I N G S .— 12 m o s .,f 1 9 0 9 -1 0 ........... G ross, $ 2 ,212,436 ; n e t, $135,692
J u ly 1 to Ju n e 30.
(1 9 0 8 -0 9 ________G ross, 2 ,2 9 8 ,0 7 7 ; n e t, 339,221
R E P O R T .— F o r y ea r en d in g Ju n e 30 1U08 In V . 8 8 , p . 448 (355 a ve ra ge
m iles), sh ow ed gross r ev en u e, $ 2 ,0 2 4 ,8 8 8 : net o v e r taxes, $ 16 7,37 0: o th e r In
c o m e , $44 3,32 9; Interest, ren tals, & c ., $ 1 ,2 0 5 ,6 2 5 ; b a l., d e f., $ 59 4,92 6.
O F F I C E R S .— P res., C has. W . G o o d y e a r ; S e c. and T r e a s .. F . A . L e h r.
O ffic e , 962 E lllc o tt S qu are, B u ffa lo , N . Y . — (V . 91, p . 153, 214.)
BUFFALO & SUSQUEHANNA R R .— C o m p a n y ow n s fro m S ag a
m o re , P a ., to W ellsv llle, N Y ., w ith several bra n ch lines, In clu d in g 17 m iles
tra ck a g e . T o t a l m ileage, 270.
F ro m J u ly 1 1007 the c o m p a n y w as leased
to th e B u ff. & S u sq . R a l l i c a v t o r rental o f ln t. o n b o n d s an d d lv s . o f 4 % on
c a p ita l s t o c k , b u t ren tal Is In d e fa u lt. O n J u ly 23 1910 H . I. M iller, w h o
In M ay 1010 w as a p p o in te d r e ce iv e r o f the r a i l w a y , w as also n am ed as re
ce iv e r o f the r a ilr o a d , c o . V . 85, p . 1266; V . 90, p . 1238.
S t o c k . — C om m on s t o c k , all e x c e p t d ir e cto r s ’ sh a ie s . o w n e d b y B & S.
R g . $ 4 ,6 5 6 ,9 0 0 ; par o f shares $50.
P r e f.. $ 4 ,0 0 0 ,0 0 0 4 % n on c u m .; p a r ,
$50. See a p p lica tion t o lis t. V . 7 8 . p . 2389; V . 82. p . 568
D i v i d e n d s . — O n c o m ., 4 % In 1895 and 5 % ye.arly to 1907; In 1907, 4 %
p a id Q .-J .
U n d er lease to B . & S. R y . d iv id e n d s w ere p aid a t 4 % per a n
n u m t o M arch 1910 on p ref. an d t o J a n . 1910 o n c o m m o n .
B o n d s . — T h e 5s o f 1913 have been re d u ce d , b y the op e ra tio n o f the sinking
fu n d and b y refu n din g Into 4s o f 1 9 5 1 , to $ 61 ,500 . T h e y are s u b je c t to call
at p ar for sink. fd. In ord er o f n u m bers, b egin n in g w ith highest V 65. p.234.
T h e 4s o f 1951 are secured b y a first refu n din g m tg e . o n th e entire p r o p
e r t y , s u b je ct o n ly to $61,500 first 5s a b o v e m e n tio n e d , find are furth er
secured b y d ep osits o f purch ase m o n e y m orten ges a ggre ga tin g $ 3 ,000,00')
o n coa l lands estim a ted t o be w o rth $ 6 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 9 ,o l0 ,0 0 0 .
V . 73, p. 619, 899; V . 8 4 , p . 748.
C o m m i t t e e J o r F i r s t R e f u n d i n g 4 s .— A b o n d h o ld e rs ’ p r o te c tiv e co m m itte e
(A lv in W . K re ch , Ch airm an; L y m a n R h o a d e s , 15 N assau S t ., S e c .; E q u it
a b le T ru s t C o ., & c., depositaries) In Ju n e 1910 req u ested d e p o s its .
V . 90,
p. 1238, 1489; V . 91, p . 37.
„
, .
P r e f e r r e d S to c k , C o m m i t t e e . — J . N . W a lla ce , C h airm an; H u g h R a n k in ,
S e c ., 46 C edar S t .. N . Y .; Cen tral T ru st C o ., N . Y . . d e p o s ita r y .
In J u ly
1910 a m a jo r it y had been d e p o s ite d . V . 90, p . 1361; V . 91, p . 21 4 .
B U F F A L O f c S U S Q U E H A N N A C O A L & C O K E C O .— T h is c o m p a n y ,
the s to c k and 1st m ortg age b on d s o f w h ich are o w n e d b y th e B . & S. R R . ,
ow n s coa l lands at D u B o ls , T r o u tv llle . O n o n d a g a and S a g a m o re , P a .
T w e lv e m ines In o p e ra tio n . V . 77. p. 1301: V . 79. p. 209 1-0 2: V . 8 2 , p
1322; V . 8 5 , p . 1266. O f th e s e co n d m o rtg a g e b o n d s, $ 2 ,2 0 0 ,0 0 0 on
D e c. 1 1909 w ere o u ts ta n d in g In th e han ds o f th e p u b lic.
P O W H A T A N C O A L & C O K E C O .— T h is c o m p a n y , all o f w h ose b on d s
and s to c k are o w n e d b y the B . fc S. R R . , ow n s c o a l lands at T y le r and at
P la c e s W h ere In ter es t a n d
D iv id e n d s a r e P a g a b le
36 W a ll S t .. N ew Y o r k
do
do
do
do
do
do
do
do
do
do
J u ly ’ 10 p a y ’ t In d e fa u lt
J u n e '1 0
do
do
J u ly 1910 c o u p n o t paid
W m S a lo m o n & C o, N Y
M ay 1910 c o u p n o t paid
N W H arris fc C o . N Y
N W H arris fc C o , N Y
K n ick crb o clce rT rC o , N Y
P en n C o fo r ln s u r , A c
C o m m o n w e a lth T r C o S tL
A n g lo -C a lT rC o , San F ran
B road St S ta tio n . P h lla
do
do
do
do
do
do
do
do
B road St S ta tio n . Phila
do
do
do
do
& L on d
B a n k o f M o n tr e a l,L o n d ’ n
G rand C en tral S tatlon N Y
U n ion T r C o N ew Y o r k
do
do
A g ts Ilk o f M on treal N Y
Can B k o f C o m , N Y ;& L o
Sykes. Its coking plants, with capacity of 800 tons of coke dally, are ship
ping to BulTalo for use of Rogers-Brown Iron Co.— (V. 91, p. 37, 214.)
B U R L I N G T O N . ” — See CHICAGO BURLINGTON fc QUINCY RR
B U R R ’S F E R R Y
B R O V V N D E L & C H E S T E R
R Y . — See Issue July
10.
C A L G A R Y
&
E D M O N T O N
C A L IF O R N IA -W E S T E R N
R Y .— See
R R .
&
page
165
N A V IG A T IO N
C O — See
page
165.
(T H E )
C A iM B R IA
&
C L E A R F IE L D
R Y . — Crcsson Jet. to near Glen
Campbell Branch Jet., 50 m.; Ucllwood to Fordliam, 65 in.: Crcsson to Irvona. 27 m.: Kaylor to Black Lick, 37 m.; Vail to Gramplon, 49 in.; Bradley
.Jet. to Cherry Tree, 18 m.: branches. 153 m.- total, 399 m. A consolidation
Aug. 1 1903. V. 78, p. 828. Stock $4,833,850. all of which Is owned by
Penn. R R . Co., which operates road under lease. A full abstract of mtge.
securing 5s of 1891 was In V. 52, p. 976. Of the bonds, $500,000 first 5s
were on Jan. 1 1910 owned by the Penn. RR. For year ending Dec. 3 1
1909, gross, $2,854,790; net, $443,318; other Income, $30,645; Interest,
taxes, &c., $398,788; bal., sur.. $75,175.— (V. 77, p. 298.)
C A M D E N & B U R L I N G T O N C O U N T Y R R — Owns from Pavonia, N. J .‘
to Pemberton, N. J., 23.35 miles: branch, Burlington, N. J., to Mount
Holly, 7.12 in.- connection with P. &L. B. RR. at Birmingham, N. J.
0.39 m.; total, 29.86 m. Operated under lease by Penn. R R .. which guar
antees 6% on stock. Stock, $381,925; par, $25. In 1909, gross. $342,606
net, $18,571; loss to lessee under rental, $34,866.— (V. 64, p. 373.)
C A N A D A
A T L A N T IC
R Y . — Owns Depot Harbor. Out., on Georgian
Bay, via Ottawa, to Alburg Jet., 399.57 m.; trackage to Swanton, V t . ,
&c .6.66 miles; leases for 99 years Central Counties Ry.,Glen Robertson t o
Hawkesbury. 22.24 m .. and South Indian to Rockland, 16.25 m.; owns
greater part of stock of Pembroke Southern Iiy. branch from Pembroke t o
Golden Lake 21,36 m. (V. 82. p. 451. 1101); total. 466.08 m. The Grand
Trunk acquired the road and took It over Oct 1 1905. V 81, p. 1174
Canada Atlantic Transit Co., $1,900,000 stock, operates steamers. Depot
Harbor to Duluth, Milwaukee and Chicago. V. 69, p. 954; V. 70, p. 279.
The 50 yr. 4s of 1905 (authorized Issue. $16,000,000; Royal Trust Co.,
Montreal, trustee) are guaranteed, prln. and bit., bv the Grand Trunk;
the unissued bonds are reserved for future requirements. V. 79, p. 967,
1131. 1641, 2454; V. 80. p . 1058 1727. 2343: V. 87. P 1477.
In April 1910 £97,500 Central Counties R y. 4% bonds were Issued, to
retire $380,000 5s. V. 90, p. 1169.
As to Pembroke Southern guaranteed bonds, see V. 82, p. 451, 1101.
STOCK.— $6,199,100 common and $1,000,000 preferred, all Issued.
REPORT.— In 1908-09. gross, $1,820,959; net, $117,595; other Income,
$70,008; lnt. on bonds. £599,646; bal., def., $411,143.— (V 90, p. 1160.)
C A N A D A M I C H I G A N & C H I C A G O . — Bonds worthless.— ( V . 6 3 , p 8 3 8 . )
CANADA SOUTHERN R Y.— ( S e e
M a p s N . Y . C e n t. & I iu d . R iv . R R .) —
ROAD.- -Main line from Suspension Bridge station. Including the Cantilever
Bridge, to Wlmlawi o m . , 2 2 6 m.; branches to Courtrlght Ont., <Sec., 231 in.;
total. 457 m.. of which 85 miles are nominally owned by proprietary com
panies. Trackage St Thomas to London. Out.. 15 m. Double track,152 m.
Detroit River Tunnel, completed In 1910, see Michigan Central R R .
ORGANIZATION. ETC.—The company was chartered In Canada Feb.28
1868 and debt readiusted In 1878. In 1903 made a new lease to Mich. Cent,
for 999 years, the latter, which owns $7,810,000 stock, guaranteeing divi
dends thereon at 2
yearly toJan. 1 1910, thereafter 3% ; also authorizing
a mortgage to retire existing bonds and pay for Improvements. V. 76, p.
1191, 1247; V .77, p. 950; V. 84, p. 803. The $14,000,000 1st 5s maturing
Jan. 1 1908 were extended 5 years at 6% Interest, payable In gold, by the
Mich. Cent. R R . V. 85, p. 1401, 1645; V. 86, p. 1041.— (V. 86, p. 1041.)
C A N A D IA N
N O R T H E R N
R A I L W A Y . — {S e e
M a p . ) —Operates from
Port Arthur, Ontario, on Lake Superior, to Winnipeg, and under construc
tion through Northwestern Canada to Pacific Coast.
M U es.
M lle s .
B ra n d o n to R e g in a ............................ 220
P o rt A rth u r t o W in n ip e g _______ 439
W in n ipeg t o K a m s a c k ___________ 279 D elta J e t. t o D e lt a ................
■*;>
70
Stanley J e t. t o G u n flln t-------------67 N eep aw a J e t . t o M cC reary J e t . .
E m erson J e t. to S o . J e t _______
73 K a m sa ck t o E d m o n to n .................. 548
21
C arm an J e t. t o B e l m o n t .............. 119 S lfto n J e t. t o W ln n e p e g o s ls - - - T h u n d crh lll Jet . t o End o f S te e l.
20
P o rta g e J e t. t o In te rn a tio n a l
B o u n d a ry .......................................
63 O ak lan d t o T o t o g a n — - ------------17
8
M orris t o S o m e rs e t______________
62 B a ttle fo rd to B a ttle fo rd J e t -----23
H artn ey J e t. t o B r a n d o n ________
40 E d m o n to n t o M o r ln v tlle ..............
21
B elm on t to V lrd en . ...................
91 E d m o n to n t o S to n e y P la in s -----52
G ilbert P is. J e t. t o P rin ce A lb e rt-3 6 1 G reen w ay t o A d e lp h a ....................
60
R ossbu rn J e t. to R u s s '11________ 104 O ak P t . J e t . t o O ak P o in t .............
W in n ip e g T ra n sfer L in e ............ ..
11
A rizon a J e t. to .Morris an d Itraud on J e t ........................... ...............
7 7 ) Q u ’A p p .L o n g L .& S a s k .(le a s e d )
256
B ran d on J e t. t o C a rb erry J e t . .
231
----------T o ta l Ju n e 30 1909 (In clu din g a b o u t 710 m iles le a s e d )........................... 3,140
In M ch . 1910 th e c o m p a n y op e ra te d 3,1 8 0 m iles an d had c o n s tr u c te d 371
m iles o f bran ch es an d had o v e r 500 m iles p a r tly c o n s tr u c te d .
V . 89, p .
1279, 1480: V . 90, p . 770 . T ra ck a g e o v e r Can. P a c ., S u d b u ry to P t .A r t h u r .
As t o p ro p o se d e x te n sio n th rou gh B ritish C o lu m b ia , see sep arate sta te
m en t "C a n a d ia n N o rth e rn P a cific R y . ” on n e x t page.
In M ay 1910 a cq u ire d S ask atch ew an M idlan d R y ., V . 90, p . 970: V . 91,
p . 336 . T h e C anadian N o rth e rn S tea m sh ip s, L t d ., w as In corp ora ted In
O ct. 1909 to o p e r a te o n th e A tla n tic O cea n a n d u ltim a te ly also on th e
P a cific . V . 90. p . 697.
O R G A N I Z A T I O N .— T h e M an itoba lines o f th e N orth ern P a cific R y ..
351 m iles, are su b let fro m th e P ro v in cia l G o v ’ t fo r 999 years fro m M ay 30
1901 at $21 0,00 0 a n n u a lly fo r the first ten yea rs, then $225,000 fo r ten yea rs,
then $ 2 7 5,00 0 fo r ten years, and th ereafter $30 0 ,0 0 0 , w ith o p tio n o f p u r
chase fo r $ 7 ,0 0 0 ,0 0 0 .
M an itob a G o v ’ t has o p tio n to purchase en tire p r o p
e r ty In 1920.
V . 7 2 . p. 437; V . 73, p. 615. C a n adian N orth ern R y . S yste m
T erm in als In co rp o ra te d S e p t. 1907 w ith $ 2 ,0 0 0 ,0 0 0 s to c k . V . 8 5 , p . 863.
T h e allied C anadian N orth ern O n tario an d th e C anadian N orth ern Q u e b e c
railw ays w ill afToril access to T o r o n t o , O tta w a , M on treal, Q u e b e c, & c ., an d
th e C a nadian N orthern P a cific to the P a cific C oa st.
In M ay 1907 the Interests w h ich co n tro l th e C a nadian N orthern
R y . a cq u ire d co n tr o l o f Q u e b e c & Lake S t. Joh n R y ., Q u e b e c to R o b e rv a l
R A IL R O A D C O M P A N IE S
[F o r a b b rev ia tio n s, & c ., se e n o tes o n fir s t p a ce ]
Canadian Northern
( C o n c lu d e d ,)—
„
,
O n ta rio D lv 1st M d e b £ 3 6 ,0 0 0 are 4 ^ 3 ------ IG u . by
M an itoba B ran ch l i n e s .............. . .................... ( M an.
First co n s d eb M (M an lines) $10 000 p mcArJ. G o v t.
M a n itob a P rov in cia l b o n d s, $ 8,000 p e r m ile ...............
P erp etu a l c on s ol de b e n tu re s to c k (V 81 p 1 6 0 9 ) ... .
First M d e b stk $13 ,000 p m guar b y C anadian G ovt
1st M s to c k $13 ,000 p m gu ar b y D o m o f C a n a d a .First m tg o deb en s to c k g u aran teed b y Sask atch ew an
do
do
gu aran teed b y A lb e r ta ------------W in n ip e g T erm in als m tg e g o ld g u a r b y M a n ito b a .c*
C on v ertib le In com e-ch arge d e b s to c k redeem t e x t . .
Q u ’ A p L on g Lake A Sask 1st M HI .050,000 guar . .
1st lan d g ra n t M red 110 (m o n e y d e p o s to redeem )
do
do
£1,027,400 red 105 to J u ly ’ 17
Im p erial R o llin g S to c k 1st M ser A half due y e a r ly ,
do
do
ser B to F $210,000 due y ’ rly
do
do
s e r G $45 ,000 d u e y e a r l y . . .
do
do
ser H $4,401 d u e m o n t h l y . .
do
do
ser K p a rt d u e y e a rly ......... ..
do
do
ser L $250,000 d u e y e a rly .
do
do
part due yea rly (V 85 p 599)
do
do
ser N A 0 8 2 0 0 ,000 d u e y l y .e s
do
do
ser P $ 1 0 0,00 0 due sem -a n .
do
do
ser Q d u e $27 ,400 q u a r------do
do
ser R $170,000 y r l y ------------- c*
do
do
ser S $ 100,000 -----------------------c*
do
do
ser T $ 1 5 0 ,0 0 0 ...........................c*
do
do
ser U $50 ,000 y e a r ly ..................
do
d o ser V $300,000 y ’ly (V 9 1 ,p 153) ,c *
E q u ip n otes g ser I d u e $ 29 ,000 o r $ 33 ,000 s - a .Q x c
Canadian Northern Ontario— G uar d e b s to c k (see text)
P erpetual con solid a ted deben tu re s t o c k _____________
R o n d s o f C o n tr o lle d P r o p e r tie s —
B r o c k v ille W e s tp o r t A N orthw estern 1st M gold . K
Central O n tario first m o r tg a g e £ 2 0 0 ,0 0 0 ------------------M arm ora R y A M ining first m o r tg a g e ................. .........
Can Nor Pacific— 1st \1 $ 2 1 ,000 ,00 0 gu b y B r C ol . . .
Can N or Q u eb ec— Gt N o r co n s M $ 7 ,9 6 2 ,0 0 0 (te x t) _Ce
P erpetual gu aran teed d e b e n tu re s to c k (see te x t!
M ile s
R oad
287
___
___
___
___
--249
___
___
___
___
...
D a te
B onds
Par
V a lu e
1901
. £100
1904
£100
____
1903
1908
1909
1909
1909
1906
1890
1007
1002
___
__
___
__
...
1903
1904
1904
1905
1906
1906
1007
1907
___
___
___
___
___
268
...
1908
1909
1909
1900
1910
1910
1908
1909
...
1903
1909
R a te
%
1,000
£100
1909
1904
■-
S T O C K A N D B O N D S .— S to c k a u th o r iz e d , $05 ,0 0 0 ,0 0 0 : o u ts ta n d in g
June 30 1909, $55 ,0 0 0 ,0 0 0 ; p a r, $100. N on e y e t p u t o n the m a rk e t.
In 1903-10 £6,792,750 4 % perpetu al c o n s o lid a te d d e b e n tu re s to c k was
Issued u p o n m ileage, and to purchase securities o f variou s c o n tr o lle d p r o p
erties d e p o s ite d w ith the N ation a l T ru st C o.
V . 76, p . 1247: V . 7 7 , p . 87:
V . 8 0 , p. 996; V . 81, p . 1009; V . 8 6 , p . 1099: V . 8 7 , p . 36; V . 8 9 , p. 1279;
V. 90. p . 770, 1424, 1489.
T h e £1,923,287 3 % 1st M . de b e n tu re s t o c k , guaran teed b y D o m in io n
G ov ern m en t, d ated J u ly 20 1903 (trustees, B ritish E m pire T ru st C o ., L t d .,
L o n d o n . E n gla n d , and N ation a l T ru st C o ., L t d ., T o r o n to ) Is a first chargo
on line from G rand V iew t o E d m o n to n , 620 m iles, a t $1 ,000 per m ile,
such first ch arge to b e , h o w e ve r, lim ited to $10,000 per m ile In re sp e ct o f the
line from G rand View t o the w estern b o u n d a ry o f M a n itoba.
A d d itio n a lly
secured b y first lien on th e exten sion o f the P rince A lbert b ran ch t o Prince
A lbert from a p o in t 100 m iles east: b y se co n d lien on the p o r tio n o f the
P rince A lb ert bra n ch ru nning fro m E rw ood t o a p o in t 100 m iles fro m P rince
A lb ert, and b y charge on o th e r lines then c o n s t r u c t e d —an a ggrega te of
918 m iles. V . 8 0 . p. 1234; V . 76, p . 1209.
T h e £ 2 ,436,200 4 % first m tg e . co n s o lid a te d de b e n tu re b o n d s, prln . an d
Int. gu aran teed b y G o v t, o f M a n ito b a , d a te d Jun e 30 1904, are secu red
b y first m tg e. to N ational T ru st C o ., L t d ., T o r o n t o , O n tario (n o t e x c e e d in g
$10,000 per m ile), co v e r in g certa in lines In th e P ro v in ce o f M an itoba
a m o u n tin g t o a b o u t 1,18ft m iles, a p ro p o rtio n o f th e a m o u n t o f this Issue
being held In trust b y th e N ation a l T ru st C o ., L t d ., fo r the e x c h a n g e o f the
fo llo w in g Issues y e t o u tsta n d in g : (a) £105,300 M anitoba & S ou th ea stern
4 % first lien on 108 m iles, assum ed: (b ) £233,700 Canadian N orthern
R y ., S Ifton b ra n ch , 4 % bo n d s secured on 197 m iles S lfto n J u n ctio n to
E rw o o d , g u aran teed , p rin cipa l an d Interest, b y M an itoba G o ve rn m e n t;
(c )
£10,000 Lake M an itoba R y . A Canal C o. 4 % bo n d s first Hen on 125 m iles,
G lad ston e t o W ln n lp egosls, gu aran teed as to prln . an d Int. b y the M an itoba
G ov ern m en t; (d ) £1 700 G ilbert Plains 4 % b o n d s, a lien on 27 m iles. D au
phin to G rand V iew , gu aran teed b y M anitoba G o v e rn m e n t.
V . 80, p. 116;
V . 78, p. 1274; V . 79, p. 2794; V . 81, p. 1607: V . 8 2 , p. 568.
T h e 5 % In com e-ch arge c o n v e r tib le d e b e n tu re s to c k ($ 1 5 ,0 0 0 ,0 0 0 a u th .
Issue, lim ited t o $10 ,000 p. m .) , o f w h ich $5 ,0 0 0 ,0 0 0 has been Issued, and
an o p tio n given on $5 ,0 0 0 ,0 0 0 a d d itio n a l. Is re d eem able a t a n y tim e a fte r
M ay 5 1920 a n d is co n v e r tib le on J a n . 1 1916 o r a n y s u b se q u e n t J a n . 1 or
J u ly 1 u n til Jan. 1 1919, a t th e h o ld e r's o p tio n , in to fu ll-p a ld c o m m o n shares
at th e ra te o f $500 (o r £102 17s.) o f d e b . s to c k fo r $500 ca p ita l s t o c k , on
60 d a y s ' n o tice . T h e Interest w ill be p a y a b le o n ly t o the e x te n t th a t the
net earn in gs are su fficie n t a fte r p a y in g fixed charges and w ill be d e cla re d
A pril 10 and O ct. 10 o u t o f earnings o f the h a lf-ye a rs e n d in g Ju n o 30 and
D ec. 3 1 . T h e Issue w ill bo secu red b y a general ch arge on th e p r o p e r ty
(oth er th an land an d m o n e y subsidies) ran k in g beh in d th e 4 % c o n s o l, d e b t,
s to ck a n d all securities now o r hereafter c re a te d , h a v in g p r io rity o v e r the
4 % c o n s o l, s t o c k , an d also b e h in d all charges n o w o r hereafter created fo r
secu rin g a n y securities gu ar, b y th e D o m in io n o r a n y o f the P r o v in c e s o f
C a n ada.
V . 90, p. 1874; V . 91, p . 37.
Tn M ay 1910 the C anadian G o v t, agreed t o guaran tee C anadian N orth ern
A lb erta R y . 3 J*j% b o n d s fo r the co n stru ctio n o f a line fro m E d m o n to n w est
t o th e c o a l areas n ca . the B razeau R iv e r , A c ., 150 m iles, at th e rate o f
$ 13 ,000 per m ile fo r th e first 50 m iles a n d $ 25 ,000 fo r th e re m a in in g 100
m iles, C a n. N o. R y . gu aran teein g p a y m e n t to G o v e rn m e n t. V . 90, p . 1295.
T h e S ask atch ew an G o v e rn m e n t late In 1909 agreed to gu aran tee b o n d s o n
three n ew lines t o be b u ilt In 1910, on e fro m R e g in a to M oose J a w ,
from R egina to E d m o n to n an d th e third fro m R eg in a to C a lga ry, via the
present G oose L ake line. V . 8 9 . p . 1595, 1480
T h e W in n ip e g T erm in als 4s o f 1909, o f w hich $3 ,0 0 0 ,0 0 0 h ave b e e n s o ld ,
are g u a r a n te e d , p rln. an d ln t ., b y e n d o rs e m e n t b y th e P r o v in c e o f M ani
tob a ; a d d itio n a l b o n d s m a y b e Issued and g u aran teed o n a u th o riz a tio n
o f th e L eg isla tiv e A s s e m b ly o f M an itoba fo r fu rth e r e x p e n d itu re s .
The
G rand T ru n k P a cific will p a y a b o u t $97 ,500 y e a r ly fo r use o f term in als
t o b e e r m deted In 1910 (as aga in st $ 1 2 0,00 0 ann ual Interest o n b o n d s
Issued), a n d fu rth er rentals m a y b e a rra n g e d . V . 8 9 , p. 605, 1480.
In J u ly 1908 the D o m in io n G o v e rn m e n t agreed to guaran tee prln . an d
i ° 5? -y ear bonds, or d eben tu res to be Issued a t $1 3 ,0 0 0 p e r m ile
on 609 m l'e s o f bran ch es In M a n ito b a a n d S ask atch ew an .
V . 8 8 , p . 340 ,
821: V . 8 '. p . 1159; V . 91. p . 3 7 , 93.
In J u r e 1909 £600,000 4 % first m tge . d eben tu re s t o c k , prln . a n d Int.
g u a r a n tie d b y the G o v e rn m e n t o f th e P ro v in ce o f S ask atch ew an an d
£ 6 0 0 ,0 0 ", prln. an d ln t ., gu aran teed b y the G o ve rn m e n t o f th e P r o v in c e
o f A lb erta w ere offered In L o n d o n , secu red b y separate deeds o f tru st,
the a m o u n ts now Issued be in g a t $ 13 ,000 per m ile, w ith the rig h t reserved
to Increase the a m o u n t t o 515 ,000 a n d to Issue ad d itio n a l s to ck o r b o n d s
secured b y said deeds fo r a d d itio n a l lines.
V . 8 0 , p. 40; V . 8 8 , p. 1 4 9 7 ,1 0 1 9 .
L A N D G R A N T B O N D S .— $ 2 ,0 0 0 ,0 0 0 first m tg e . 4 % land g ra n t b o n d s
are secu red b y 1,365,333 acres o f land g ra n t su bsidies fro m D o m in ion o f
C a n ad a.
V. 85, p 1205; V . 70, p . 1083; V . 7 5 , p. 183, 549 ; V . 8 1 , p . 2 6 3 .
£ 1 ,027,400 F i r s t M t a e . 4 % L a n d G r a n t D e b e n t u r e B o n d s .— 'These bo n d s
are secu red on 1,250.000 acres o f land (sp e cia lly set aside as per sch e d u le
n m tg o .) In the P rov in ce s o f M a n ito b a a n d S a sk a tch e w a n , o f w h ich 23 9 ,0 0 0
W h en
P a y a b le
L a s t D iv id e n d
an d M a tu r ity
£1 180,600 4 & 4 H g J & D 30 Jun e 30 1930
$ 101.000
4
.1 & D 30 Jun e 30 1930
£ 2 ,4 9 7 ,8 0 0
4
$500
4
$349,000
£100 £ 6 ,7 9 2 .7 5 0
4
___, _____ £ 1 ,9 2 3 .2 8 7
3
See te x t
3 A
£600,000
4
£600,000
4
$ & £ $3 ,0 0 0 ,0 0 0 , t 4 e
See te x t
U p to
___ ______ £ 1 ,0 3 7 .9 7 2
4
£100 $2 000,000
4 g
£ 1 0 0 A c $4,805,347
4
$ 1,000
$386,761
5 g
$ or £
$630,000
5
$ or £
$18 0,00 0
5
$66,015
500 A c
$575,000
4H
500 Ac $ 1 ,450,000
4H
500 A c
$343,000
4H
_________
$1,40 0 ,0 0 0
4H
500 A c $ 1 , 100,000
4 }*
$301,400
500 A c $ 1 ,3 6 0 ,0 0 0
4M
500 & c
$900,000
4 X
500 & c $1,350,000
4H
$450,000
4 H
500 &c
3 ,0 0 0 ,0 0 0
4 'A
1,000
294,000
5 g
£1,337,035
3 X
£800,000
4
on L a k e S t. J o h n , 190 m ., w ith bran ch es C h a m b o rd to C h ic o u tim i, 51 m .,
and fro m L a T u o u e J e t. to L a T u q u e , 40 m .; G o sford b ra n ch , 5 A m .: t o ta l,
286 Vi in .
V . 90, p . 54, 111, 237, 148, 668 , 1045; V . 01, p. 337 , 519 . 791.
In D e c. 1908 the s to c k o f th e D u lu th R a in y L a k e A W in n ip eg R y .. e x
ten din g from V irgin ia , M in n ., n orth to In te rn a tio n a l Falls, 98 rn., w as
a cq u ired b y the sam e Interests as c o n tr o l th e C anadian N orth ern R y . , and
w ill bo e x te n d e d t o D u lu th , 75 m iles.
In c o n n e c tio n w ith the a cq u is itio n
o f th e a b o v e c o m p a n y , there has been organ ized the D u lu th W in n ip e g A
P a cific R y ., w h ich co n tro ls th e D uluth R a in y L a k e A W in n ip eg an d will c o n
stru ct th e ex ten sion fro m V irginia , M in n., to D ulu th , a b o u t 75 m ., and
b u ild b ra n ch es an d spu rs, A c ., fo r Industrial an d m in ing pu rposes: also d o c k s
at D u lu th , w here v a lu a b le sites fo r term inals have a lr e a d y been se cu re d .
V . 8 7 , p. 1604; V . 8 8 , p . 583, 821. T h e C anadian N orthern will gu aran
tee. p r ln . 8: In t., the $10 ,5 0 0 ,0 0 0 1st m tge . 4s, o f w h ich $0,123,333 has been
Issued. See said c o m p a n y .
V. 89, p. 1270; V . 90, p . 1424
T h e Q u ’ A p p elle L o n g L a k e & S ask atch ew an R U . A S . II. C o . 4 % d e b e n
tu re s to c k has prln. an d ln t. gu aran teed b y th e C anadian N orth ern R y . C o.
T h e p r o p e r ty Is leased.
V . 83, p . 214, 324, 6 8 8 , 1036.
A m ount
O u tsta n d in g
4 50 ,000
£ 200,000
g M A S
g M A S
S
g M A
M A N
M A N
F A A
V a riou s
A A O 2
A
A
M ch 1 1911-18
M ch 1 1911-19
S ep 1 1911-’ 19
N o v 1 ’ 1 1-’ 19
N o v 1 ’ l l - ’ 20
T o A u g 1 1915
1936 a n d 1938
P erpetu a l
4 g
J
J
4
4
4
sem l-a n . 30 years
A A O O ct 1 1934
j A n 31 P erpetu a l
100,000
(?)
$3,678,750
£1 "3 8 85 .
J A D 30 Jun e 30 1930
O ct 1 1930
j A D 30 Irred eem a ble
M 31-S30 J u ly 10 1953
J 20-J 20 1958
J
A D 1939
J
& D 1939
J
& J J u ly 1 1939
5 M & N 2 M ay 6 1 9 3 0
J
&
J J u ly 1 1936
F & A F e b 1 1919
J
&
J Ju ly 1 1938
M & N N o v 1 1 9 1 1 - 12
F A A A u g 1 191 1-'13
M A
S S ep t 1 1911 14
1910-1912
& O O ct 1 1911 15
g A
A D Jun e 1 1911- 16
g J
g M & N N o v 1 1911 16
£ J
A D Jun e 1 1911 '17
g F
A A F e b ’ 1 1 -A u g ’ 17
D D e c 1 1923
1934
J
P la c e s W h ere In ter es t a n d
D iv id e n d s a re P a y a b le
L o n d o n an d T o r o n t o
L on don,
Can B k
L ondon.
do
Lon don,
Lon don
do
L ondon,
T oron to 4 N Y
o f C om m , T or
Eng
Eng
do
T oron to & N Y
Can B a n k o f C o m m , L on
N at T r C o , T o r . o r L o n d .
L o n d o n , E ng.
C B k o f C om N Y ; o r T o r
do
o r L o n d o n . E ng
do
T o r o n t o o r L on
do
do
N Y , L on don or T oron to
do
do
do
do
do
do
do
do
Can B a n k o f C o m m , N Y
N Y , L o n d o n an d T o r 't o
do
do
do
do
do
do
do
do
Can B k o f C o m m e r c e .L o n
K n ic k e r b o c k e r T r C o .N Y
B a n k o f M o n tr e a l,L o n d
acres h a v e , since sales o f th e land co m m e n ce d In 1907. been s o ld , p ro ce e d s
o f w h ich h a v e been paid o v e r to th e trustees; £4 0 ,0 0 0 re tire d , as p r o v id e d In
trust d e e d .
V . 87, p . 479 , 1477; V . 8 8 , p . 1126.
E A R N I N G S .— 12 m o s .J 1 9 0 9 -1 0 .. .G r o s s , $ 1 2 ,8 2 1 ,3 0 0 ; n e t, $ 3 ,6 2 6 ,9 0 0
J u ly 1 to Jun e 30.
1 1 9 0 8 -0 9 .. .G r o s s ,
9 ,6 6 8 ,9 0 0 ; n e t, 2 ,7 9 5 ,4 0 0
R E P O R T .— R e p o r t fo r y e a r e n d in g Jun e 30 1909 In V . 8 9 , p . 1480, s h ow s:
1908-09.
190 7-0 8.
1906-07.
1905-06.
3,013
2,866
2,5 0 9
2,064
A v e ra g e m ile s........................
G ross ea rn in gs............
$10 ,581 ,70 8 $ 9 ,7 0 9 ,4 6 2 $ 8 ,3 5 0 ,1 9 8 $5 ,9 0 3 ,7 5 5
O p er. e xp en ses &
ta xes.
7 ,0 1 5 ,4 0 6
0 ,6 7 6 ,7 7 5
5 ,4 2 4 ,1 6 4
3 ,6 7 4 ,7 3 2
N et ea rn in gs___________ $3,56 6 ,3 6 2
I n t . b o n d s g u . b y M a n lt.
$695,641
l n t .b d s .g u .b y D .o f C a n .
280,800
I n t . p e rp . c o n s .d e b .s t k .
938,399
I n t . Q u 'A p . L . L . A S . _
203,983
In t. o n 4 % land gr. b d s .
96,107
R en ta ls leased lines, A c .
223,960
4 80 ,727
I n t . o n e q u ip , leases____
$ 3 ,0 3 2 ,6 8 7
$65 8,74 3
2 80 ,800
577 .539
181,467
$ 2 ,9 2 6 ,0 3 4
$02 4,72 0
2 80 ,800
4 46 ,054
$ 2 ,2 2 9 ,0 2 3
$ 59 1,05 8
167,836
3 1 5 ,3 6 0
223*960
431 ,248
2 23 ,960
3 06 ,949
22 3 ,9 6 0
2 11 ,234
$ 64 6,74 5
$67 8 ,9 3 0
$ 1 ,0 4 3 ,5 4 5
$71 9,57 4
S urplus fo r y e a r _____
O ffice rs: P re s ., W illia m M ackenzie: V .- P ., D . D . M ann; 3d V .- P ., D . B .
H anna; S e c ., W . H . M oore; all o f T o r o n t o , O n t.
D ire cto rs: W illia m M a c
ken zie. D . D. M ann. Z . A L ash , F re d e ric N lch o lls. all o f T o r o n t o . O n t .,
an d R . M. H o rn e -P a y n c , L o n d o n . E n g la n d .— ( V . 91. p . 153, 716, 1095.)
CANADIAN NORTHERN ONTARIO R Y. —
(S e e M a p C a n a d ia n N o r th e rn
R y .) —
O w ns T o r o n to to S u d b u ry , 268 m iles, w ith e x te n s io n s t o S e iiw o o d
(M oose M ountain iron m in es), 33 m iles: bra n ch e s. 9 m iles; to ta l, 310 m iles.
F rom Seiiw ood the m ain line Is now bein g e x te n d e d t w a r d s P ort A rth u r,
w here a c o n n e c tio n will be m ade w ith th e Can. N o rth . R y . F o r ty m iles o f
this ex te n sio n was c o m p le te d last fall. A b ra n ch line fro m a p o in t n orth o f
S e iiw o o d Into th e G ow gan d a S ilver D istrict, 3 0 .7 m iles, w as o p en ed J a n . 3
1910. T h e e x te n s io n fro m H a w k e sb u ry t o O tta w a C ity w as op en ed In
N o v . 190 9, an d In co n n e c tio n w ith th e C an. N o r. Q u e b e c R y . a th rou gh train
s e r v ic e w as establish ed betw een O tta w a , Q u e b e c a n d M on treal.
O wns
m o d e rn o re -h a n d lin g plant a t K e y H a r b o r , 80 m . fro m M oose M t. Iron m in es.
In A u g . 1910 a cq u ire d p r a c tic a lly all th e s to c k o f th e O n ta rio & O tta w a
R y . , w hich h ad a cq u ire d the B r o c k v ille W e s tp o r t & N o rth w e stern , B r o c k
ville to W e s tp o r t. O n t ., 45 m iles; Iro n d a le , B a n c ro ft A O tta w a R y ., G rand
T ru n k Ju n e, to B a n c ro ft, O n t ., 48 m .; C en tral O n tario R y ., P lc to n to
M a y n o o th , O n t., 132 m ., an d branch to C oe H ill Iron m in e, 8 m . ( V . 8 8 ,
p. 2 3 0 ); and M arm ora R y . A M in ing C o ., ju n c t io n w ith C entral O n tario
R y . to Iron m in es, 10 m .; t o ta l, 243 m iles. V . 91, p . 276, 462 .
O R G A N I Z A T I O N .— C o n tro lle d b y sam e n terests as th e C an. N orth .
C apital sto ck (shares $ 1 0 0 ), a u th o riz e d , $ 1 ,0 0 0 ,0 0 0 : Issued Jun e 30 1908.
2 5 0 ,0 0 0 .
D e b e n tu re s to c k . 3 A "0 , d u e J u ly 10 19.36 an d Jun e 30 1938, In
terest Mch 31 and S ept. 30 an d D ec. 31 an d Ju n e 30. A u th orized a t $ 2 0 ,0 0 0
per m ile. P . A 1. guar, b y P r o v . o f O n t. V . 8 7 , p . 96; V . 8 8 , p. 1060.
In Ju n e 1909 £«OO,0()0 4 % p erpetual c o n s o lid a te d d e b e n tu re s to c k w as
o ffered In L o n d o n a t 92. S ecu red b y first m o r tg a g e on a line o f railw ay
a lr e a d y co n s tru cte d f .o m H a w k e sb u ry t o O tta w a w ith a d d itio n a l charges
o n o th e r lines as fu rth e r se c u r ity .
V . 8 9 , p 4 0 , 162.
D I R E C T O R S .— W illiam M ackenzie, D . D . M ann, F r e d e r ic N lc h o lls ,
W . II. M oore, L. W . M itchell, Z . A . Lash, all o f T o r o n t o , O n t .; and R . M
H o rn e -P a y n e . L o n d o n , Eng.
P r e s ., W illia m M acken zie: V .- P .. D . D .
M ann: 3d V. P .. D B. H anna; S e c ., W . H . M oore, all o f T o r o n t o . O n t.
O ffic e , T o r o n t o , O n t .— (V . 8 9 , p. 4 0 , 162; V . 90, p . 770; V . 91, p. 4 6 2 .)
CANADIAN NORTHERN PACIFIC R Y. — ( S e e M a p C a n a d i a n N o r t h e r n
R y .\— T o c o n s tr u c t a line across the R o ck ie s fro m Y ellow h ea d Pass t o V a n
c o u v e r an d P a cific tid e w a te r, a b o u t 600 m .. t o b e c o m p le te d w ith in 4 years.
C o n tro lle d b y sam e Interests as C an. N o r. R y .
S to c k a u t h ., $ 2 5 ,0 0 0 ,0 0 0 ,
o f w h ich $10 ,0 0 0 ,0 0 0 m ay be p r e f.; par $100.
B o n d s w ill be Issued a t
$ 35 ,000 p . m . (lim ite d t o $ 2 1 ,0 0 0 ,0 0 0 , unless th e ro a d Is e x te n d e d Into c it y
o f K a m lo o p s ), gu aran teed b y B ritish C olu m b ia n G o v t ., the C anadian N o rth
ern R y . t o in d e m n ify the G o v t, aga in st a n y loss It m a y Incur b y the guar
a n ty .
M tge. tru stees. N ation a l T ru st C o . o f T o r o n t o a n d B ritish E m pire
T r . C o.
V . 91, p . 37, 93; V . 90, p . 696; V . 89, p . 114 1.— (V . 91, p . 93.)
CANADIAN NORTHERN OUEBEC R Y . — (See M a p C a n a d i a n N o r . R y . )
O w ns m ain line H aw k esb u ry to R iviere a P ierre, 169 m iles; M ontreal to
J o lle ttc , 36.2 0 m .; M on tford t o H u b e rd e a u , 33 m .; S t. J e ro m e t o S t. S a u v c u r, 15.1 m .; S t. J acqu es J e t. to R a w d o n J e t ., 11.2 m .; S h a w ln lga n J e t . t o
S ha w lnlgan, 4.5 0 m .; S t. J erom e J e t. to S t. J e r o m e , 1.70 m .; G arn eau t o
Q u e b e c, 84.1 9 m .; to ta l, 354 .87 m iles.
O w ns e le v a to r, car sh op s, A c .. a t Q u e b e c. F o rm e d In 1906 b y th e a m a lg a m a tlo n o f th e G reat N orth ern R y . o f C a n ada, A c . C o n tro lle d b y th e sam e
Interests as the C anadian N orthern R y .
C apital s to c k . $1 2 ,5 0 0 ,0 0 0 , o f w h ich $ 3 ,0 0 0 ,0 0 0 Is Issued as s ta tu to r y
s to ck w ith a certain preferen ce as t o d iv id e n d .
S E C U R I T I E S .— On O ct. 22 1906 an Issue o f 4 % p erp etu al d eb en tu re
s to c k gu aran teed b y the Canadian N orth ern R y . w as a u th o riz e d to an
a m o u n t su fficie n t to take up the b o n d s o f c o n s titu e n t c o m p a n ie s , to m eet
c o s t o f lines now under c o n s tr u c tio n , p ro v id e fo r co n s tr u c tio n o r a cq u is itio n
o f a d d ition al lines a t not ex ce e d in g £4.109 ($ 2 0 ,0 0 0 ) per m ile o f su ch lines,
an d w ith the con sen t o f the trustees fo r th e s to c k h o ld e r s t o p r o v id e for the
pu rch ase o f th e sto ck s an d securities t o an a m o u n t not e x c e e d in g th e c o s t
th e re o f.
In O ct. 1900 £ 1 ,000.000 o f th is s to c k w as Issued to take up th e
entire b o n d Issues o f the C h a tea u ga y & N o rth e rn R y . and the Q u eb ec N ew
B run sw ick & N o v a S co tia R y . an d $ 1 ,5 1 4 ,5 0 0 b o n d s o f the G rea t N orthern
R a ilw a y C o. o f C anada, and since th a t d a te £38,555 o f s to c k t o ta k e
up an a d d ition al a m o u n t o f G reat N orth ern R y . C o . o f C a nada 4 % b o n d s.
In terest pa ya b le Jun e 30 and D e c. 3 1 . T o ta l a m o u n t o u ts ta n d in g . £ 1 ,
038 ,855 : secured b y specific first m o rtg a g e u p on a n y securities a cq u ired as
a b o v e and d ep osited w ith the trustees a n d b y first general lien u pon en tire
p r o p e r ty o f c o m p a n y (o th e r than lan d a n d m o n e y s u b s id ie s ), s u b je c t on ly
to the b o n d issues o f the a m a lgam ated c o m p a n ie s , w h ich b o n d s w ill be
retired as so o n as e v e r y b o n d o f ea ch series has been e x ch a n g e d fo r s to c k
o f this Issue
V . 83. p 968- V 8 4 , p 693, 748.
R A IL R O A D C O M P A N IE S
(F o r a b b rev ia tio n s, A c . , se e n o tes o n fir s t p a g e]
M ile s
R oad
D a te
B onds
Canadian Pacific— S to c k $ 2 0 0 ,0 0 0 ,0 0 0 a u th o r iz e d ____
P referred s to c k lim ited to 4 % n o n -c u m u la tiv e ____ r
C anada C entral R R secon d m o rtg a g e (n o w f i r s t ) . - .
F irst m ortg a ge d eb en tu res ste rlin g --------------------------1st M ort on A lg o m a Br g ......... ............................c * A r
C on sol p erpetu al d eb en tu re s t o c k -----------------------------
1880
1885
1888
1880
£ 1 0 0 A e 34,998 633
3 650,000
£100 Ae
£1 A c 1 3 6 ,711 ,61 6
218
350
58
1884
1887
1876
£100 A c
£50 Ae
1883
1884
1890
£100
£100
£1
671
191
174
R a te
%
1,000
£1
$100
5 g
5 g
4
$ 2,544,000
5 g
£1,330,000
5 g
( 6) 4
£ 200,000
6
$ 2 , 000,000
£4,007,381
5
£719,000
4 g
£630,000
5 g
£904,533
4
4
500,000
£ 1 ,1 2 1 ,7 0 0
4 g
4
$1,040,000
500,000
4 g
300 ,000
4 X g
tem en ts o f those co
84
1890
C algary A E d m on ton d eb s to c k gold Interest as rent
1,000
52 1905
B ran ch line b on d s $1,0 4 0 ,0 0 0 (ow n ed b y C anP ac)
1,000
40 1903
L in d say B o b ca y g A P o n ty p o o l 1st M $700,000 gold
500 A c
14 1909
A r o o s V al El R R 1st M $30 0,00 0 g red 105 ln t g u a r . .
M inn St P A Sault Ste M arie and D ulu th S o u th Shot e A A t lantlc — See sta
Carolina Central— B o n d s — See S eab oard A ir L ine R y
1908
1,000 10 , 000.000
5 g
Caro Clinchf & O hio— 1st M $1 5 ,0 0 0 ,0 0 0 red 1 1 0 -F .c *
___ 1909
1,000
5 ,000,000
5 g
M ortgage g old n otes $ 5 ,0 0 0 ,0 0 0 re d e e m p a r .E q .x c *
1908
1,000
2 , 210,000
5 g
E q u ip m en t gold n otes ser “ A ” due $13 0,00 0 s a .B a
1910
1,000
950 ,000
do
do
Ser “ B ” d u e $50 ,0 0 0 s -a ------- -_Un
5 g
46 1892
1 , 100,000
1,000
4 g
Carthage & Adir— 1st M $ 1 ,6 0 0 ,0 0 0 g o ld g u .U n ,c * A r
29 1891
1,000
300,000
5 g
1898
1,000
135,000
4 g
Catasauqua & F o g c ls v iile — First m tge g o l d - .P e P .c *
98
5
50
3 ,200,000
C a ta w is s a — P ref s tock s 5 % guar P A R R y (see text)
103 1898
2.215,000
1,000
First con sol m ortg age $2,2 1 5 ,0 0 0 g o ld — P e P .c*
4 g
5
16 1885
1,000
39,000
Cat skill Mt’n— 1st M ($2,000 n o t e x t fro m 1 9 0 5 )..........
238,000
6
100 A c
1885
589,110 See text
34
30
C a yu ga & S u sq u eh an n a — S to c k 9 % rental D L A W Cedar Rapids Iowa Falls & Northwestern—'See Chlca go R o ck Isia nd A P a c Iflc R y
Cen tral A rk a n sas & E a stern — See St L o u is S o u th w e s t ern
C entral B ran ch — S ee M issouri P a cific
7,0 0 0 ,0 0 0
312 1895
1,000
5 g
Central o f G eorgia R y — 1st M $ 7 ,000,000 g o ld _ G .c * A r
1,000 1 8.500.000
5 g
C on solid ated m ortg age $ 1 8 ,5 0 0 ,0 0 0 g o l d . . M e .c ’ Ar 1,493 1895
1 .000 000
138 1895
1.000
5 g
M obile D lv 1st M (C olu m bu s to A n dalusia) g _ . . G .o*
In a d d itio n to th e 4 % p erp etu al d e b e n tu re s to c k o u ts ta n d in g there has
also been Issued $ 3 ,6 7 8 ,7 5 0 4 % b o n d s o f th e G reat N orth ern R y . o f Canada
(guar, as to prln. a n d Int. b y C a n adian N orth ern R y .) , o f w h ich the Central
T ru st C o. o f N ew Y ork h olds $6,500 b o n d s fo r e x ch a n g e fo r th e u n e x
ch a n g ed ba la n ce o f G reat N orth ern R y . o f C anada first Issue o f 5 % b o n d s.
D I R E C T O R S .— D . B . H a n n a , Z . A . L a sh , F re d e ric N lch o lls, W . H .
M oore an d F . C. A n n esley, all o f T o r o n t o , O n t.; H . II. M elv ille, B o s to n ,
M ass.: V. C h a tea u v crt, H o n . Jules Tessler, S e n a to r, b o th o f Q u e b e c, P . Q .
T h om a s M cD ou ga ll, the M ayor o f Q u ebec: A . J . M itch ell, T o r o n t o , O n t.
and R . M . H o rn e-P a y n e, L o n d o n , E ng.
P re s., D . B . H anna: V .- P .,
H . H . M elville; 2d V .- P ., F re d e ric N lch olls; S e c ., W . H . M o o r e ,, all o f
T o r o n t o , O n t.— (V . 8 4 , p . 693 , 7 4 8 .;
C A N A D IA N P A C IF IC R Y R O A D . — O w ns a trans co n tin e n ta l ra llw a j
from M on treal to th e P a cific O ce a n , m a d e u p as fo llo w s J u ly 1 1910.
M on treal t o V a n c o u v e r ________ 2 ,9 0 8 1U n der c o n s tr u c tio n J u ly 1 1910 471
B ran ch es an d au x ilia ries_______3 ,1 2 2 1O p e ra te d a c c o u n t o f o w n e r s —
262
L ea sed l i n e s . - - ................................ 4,1471
A lso c o n tr o lle d b u t o p e r . s c p .—
U sed lo ln t ly _____________________
94|nM lnn. S t. P . A Sau lt S te . M 3 ,* 1 6
--------- la D u lu t h S o u th Shore & A tla n tic *06
T o ta l In tr a ffic re tu r n s ____ 1 0 ,2 7 1 1 aSee each c o m p a n y ’ s s ta te m e n t.
b r a n c h e s a ggrega tin g 190 m iles w ere o p e n e d Jan . 1910. In Jan . 1909
pu rch ase o f co n tr o l o f W iscon sin C entral b y M inn. S t. P a u l A Sau lt S te .
M ario w as c o n c lu d e d .
V . 8 8 , p . 157.
In A u g . 1910 purch ase had been arranged o f p r a c tic a lly all th e s to c k o f
D o m in io n A tla n tic R y ., Y a rm o u th to T r u r o , w ith bran ch es, to ta l 24.7
m llas, w ith 45 m iles tra ck a g e t o H a lifa x , possession to be taken In 6 to *
m o n th s .
V . 91, p. 728; V. 90, p . 1490, 1424.
H I S T O R Y E T C .— I n c o r p o r a te d F e b . 18 1881 u n d er ch a rte r from D o
m in io n o f C a n ada, r e ceiv in g $25 ,0 0 0 ,0 0 0 In cash as a s u b sid y ; also 2 5 ,000,
060 acres o f la n d , all t o be lit fo r s e ttle m e n t.
O perates tr a n s -A tla n tic and
P a cific steam ship lines: also steam ers t o A lask a .
S T O C K .— T h e Issue o f p refe rre d m ust n e v e r e x c e e d on e -h a lf t h e c o m m o n .
S to ck h o ld e rs v o te d O ct. 7 1908 to Increase a u th . c o m . s to c k fro m $15 0,
000 ,8 0 0 to $ 2 0 0 ,0 0 0 ,0 0 0 . $3 0 ,0 0 0 ,0 0 0 new s to c k b ein g su bscrib ed fo r b y
c o m . s tock h old ers a t 125, p a y a b le in 5 e qu a l Installm ents b etw een Jan . and
S e p t. 1910.
N ew s to c k w ill be e n title d to d lv s . fo r h a lf-y e a r en d in g D ec.31
1910.
V . 87, p. 613 , 936 , 1008; V . 8 9 , p . 91 7 , 1068; V . 9 0 , p . 1044, 1674.
D IV S —
’ 95. '0 6 . ’ 97. '9 8 . 99. ’ 0 0 . '0 1 . ’ 02. ’ 03. ’ 0 4 t o A p . ’ 10 O ct TO
• C om , % __1 0
2W2^4>^
4 5H
5
5 51*
6 y e a rly
3 'A
P r o f. %
Issued In 1894. 4 % y e a rly ( 2 % A A O ) .
• A lso 1 % e x tra w as p a id In 1907 fro m Interest o n land sales, v iz ., A %
A p ril 1 and A % S e p t. 30; In 1908 to O ct. 1910, 1 % (A . & O .) .
D iv id e n d s
a r« to be p aid qu a rterly b egin n in g Jan . 1911.
B O N D S . D E B E N T U R E S T O C K , G U A R A N T E E D B O N D S , E T C .—
L ist o f securities held a ga in st c o n s o l i d a t e d d e b e n t u r e s t o c k In V . 91, p. 728.
In J u ly 1910 $ 13 6,71 1,6 16 d e b e n tu re s to c k w as o u ts ta n d in g , £1,598,035
being sold In 1910.
S tock h old ers on O ct. 3 1910 a u th orized th e Issue o f co n s o lid a te d d e b e n
tu re s to c k a t n ot o v e r £6,000 per m ile o n 513 m iles an d £4,000 per m ile on
40 m iles, to co n s tr u c t va riou s bran ch es a ggre ga tin g 553 m .; also a c q u isitio n
an d lease o f certa in lines.
V . 91, p . 728 , 1093, 1095.
In Ju n e 1890 c o m p a n y agreed t o g u a r a n t e e th e p rin cipa l and Interest o f
$ 2 0 ,0 0 0 ,0 0 0 4 % b on d s t o be Issued b y th e D u l. S o . Sh. & A t l.; also 4 % lnt.
o n c o n s o lid a te d b on d s o f th e M inn. S t. P . A S . S te . M ., and In 1899 Interest
on th e se c o n d m tg e . 4s o f th e la tte r, an d In 1901 Interest o n $1,2 5 4 ,0 0 0
M ineral R a n g e 4 % b o n d s, th e last n a m e d bein g all o w n e d Jun e 30 1910.
O w ns D u l. S . S. A A t l. con sols. $ 1 5 ,1 0 7 ,0 0 0 .
S t . L a w r e n c e A O t t a w a b on d s are e n d orsed w ith th e C a nadian P a cific ’ s
a c c e p ta n c e o f a 999 y ea rs' lease at a rental su fficie n t to p a y 4 % Interest on
b o n d s , an d th e b o n d h o ld e rs ’ agreem en t to a c c e p t Interest at 4 % (Instead of
6 % ) a n d t o refrain fro m d em a n d in g p rin cip a l (due 1910) d u rin g lease.
V . 90. p . 1361.
T h e N e w B r u n s w i c k R a i l w a y c o n s o lid a te d d e b e n tu re s to c k has Interest
gu a ra n tee d b y C a n adian P a cific: Interest on th e 1st m tg e . b o n d s , th ou gh
n ot g u a ra n teed , Is p a id o u t o f rental und er 9 90 -year lease o f 1890.
T h e C a l g a r y A E d m o n t o n R y . d e b e n tu re s to c k Is g u aran teed Interest nt
4 % u n d er new lease o f 1903. V . 7 6 , p . 435; V . 7 7 , p . 636.
T h e L in d sa y B o b c a y g e o n A P o n ty p o o l R y . b o n d s are Issued und er a
99 -y ea r lease c o v e r in g th e Interest.
V . 77, p . 1225: V . 79, p . 2085
T h e Interest on the A ro o s to o k V a lle y (E le ctric) R R . 2 0 -ye a r 4 A % b o n d s,
w hich In S e p t. 1909 a lm ost c o m p le te d a first un it o f 14 m iles fro m P resqu e
Isle to W a sh b u rn , M e ., Is to be g u aran teed . V . 8 9 , p . 846; V . 90, p. 107.
Car tru sts ou ts ta n d in g Ju n e 30 1910, $ 1 ,3 6 0 ,0 0 0 .
L A N D S .— L a n d s u n sold Ju n e 30 1910 w ere 7 ,3 3 5 ,2 4 8 acres o f Canadian
P a «lflc gran t and 101,833 acres o f M an ito b a S ou th W estern g ra n t, 102,641
G reat N o rth -W e s t C entral g ra n t, 3 ,1 5 8 ,1 4 6 B ritish C olu m bia S o u th e rn ,
52,635 acres o f C olu m bia and K o o te n a y gran t an d 1,2 6 3 ,3 1 3 acres o f
C olu m bia A W estern g ra n t; t o ta l, 12,013,816 a cre s. T h e C olu m bia A
W estern R y . claim s a fu rth er area, w h ich Is In d is p u te . T o ta l sales In
1909-10, 975,030 acres, fo r $ t 4 ,4 6 8 ,5 6 4 .
G E N E R A L E IN A N C E S .— In 1906 sto ck h o ld e rs s u b s crib e d fo r $ 2 0 ,2 8 0 ,
000 new co m s tock a t par, In F e b . 1908 fo r $ 2 4 ,3 3 6 ,0 0 at par and In N o v .
1909 for $ 3 0 ,000 ,00 0 at 125. V . 74, p. 378; V . 82, p . 333 . 691. In 1907-08
£1,0 0 0 ,0 0 0 pref. s tock was s o ld , In 1908-09 £ 80 0,00 0, and In 1909-10,
£60 0,00 0.
V . 84, p. 338.
In S e p t. 1907 £1,250,000 4 % d e b e n tu re s to c k w as sold and In F e b . 1908
£ 2 ,6 0 0 ,0 0 0 , In 1908-09 £2,7 2 7 ,3 4 0 and In 1909-10 £ 1 ,5 9 8 ,9 3 5 .
V . 85,
p . 599; V . 8 6 , p. 545.
In J u ly 1906 the last o f th e $1 5 ,0 0 0 ,0 0 0 land gran t b o n d s w as paid o ft,
lea v in g th e land g ran t u n en cu m b e re d ; o n Ju n e 30 1910 th e b a lan ce d u e on
a c c o u n t o f land sales w as o v e r $ 2 7 ,9 4 2 ,1 1 3 , on w h ich 6 % Int. Is rece iv e d .
T h is Interest will be used to p a y ex tra d iv id e n d s on th e c o m m o n s to c k ; 1 %
ex tra per ann um w as paid In 1907 a n d jt o O ct. 1910.
V. 83, p. 817.
In ',O ct. 1910 th e d iv id e n d ra te w a sjra lse d from >7 t o ' 8 % ^ I n c lu d in g p ro
ceed s o f land sales.
V . 91, p . 3 9 6 ,f9 4 5 .
W h en
P a y a b le
L a st D iv id e n d
a n d M a tu rity
P la c e s W h e r e In ter es t a n d
D iv id e n d s a r e P a y a b le
$100 180,000,000 See te x t
O ct 1 1910 4 % L o n d A 31 P in e S t N Y
Q ——J
4
100 $55 616 ,666
A A O O ct 1 1910 2 % C o m p a n y ’s O ffic e . L o n d
M ontreal
6
£100
$973,333
V a riou s N o v 1 1910
269
3,221
183
S e c u r itie s o f P r in c ip a l L e a s e d , A c . , L in e s .
M an itob a S W Col R y $12,000 per m ile Int guar gold
A tla n tic A N orth w est— 1st m o rtg age gold g u ._ c * Ar
S t L a w ren ce A O tta w a — first m ortg age g o ld see text
O n ta rio A Q u eb ec s tock gu aran teed In p e r p e t u it y . O n ta rio A Q u ebec d eben Interest guar In p e rp e tu ity
T o r o n t o G rey A Bruce 1st M g o ld Interest as rental
N ew B run sw ick R y 1st M g old Int fro m re n ta l____ c*
P erpetu a l consol d eben tu re s t o c k , Interest g u a r . .
A m ount
O u tsta n d in g
Par
V a lu e
J
J
J
A
A
A
&
A
J A D
A
J
A
J
A
J
F A
J A
J
J
.JJ1 3
J J u ly 1 1915
J J u ly 1 1937
J Irred eem able
B aring B ros A C o , L o n d
B a ring B ros A C o ,L o n d o n
C o m p a n y ’ s o ffic e , L o n d .
D June 1 1934
J Jan 1 1937
15 See te x t
D June 1910 3
D Irred eem able
J J u ly 26 2882
A A u g 1 1934
J Irred eem a ble
L o n d o n A 31 P in e St N Y
B aring B ros A C o , L o n d
Can P a c o ffic e , L o n d o n
M ontreal an d L o n d o n
M o rto n , R o s e , L o n d o n
T o r o n t o an d L o n d o n
L on don
do
do
1955
.1 J2002
u ly 1 2002
Can P a c O ffic e . L o n d o n
Can P a c O ffic e , M ontreal
Bk o f M on treal, T o r o n t o
N Y and A u g u s ta . M e
A
J
A
A
J
F A A
m panles
j
j
.r
j
j
,r
,i
M
A
F
A
A
A
A
A
A
A
A
A
A
A u g 1 1929
D June 1 1938
J J u ly 1 1919
D D ec ’ 1 0 - D e c ’ I f
J J u ly ’ 10-Jan ’ 20
D D ec 1 1981
J J u ly 1 1931
J J u ly 1 1928
N M ay 19 1 91 02
O A p r 1 1948
A A u g 1 1915
Aug 1 1915
J July 1910 4 H
A
J
A
F
M
J
A A N o v 1 1945
A N N o v 1 1945
A
,1 Jan
1 1946
B lair A C o , N ew Y o r k
do
do
do
do
do
do
G raud C en t S ta tio n , N Y
do
do
R e a d in g T e rm in a l P h lla
C o m p a n y ’ s O ffic e , P h lla
do
do
T a n N at B k C atsklll N Y
2 .9 1 0 4 2 % paid In S e p t’ 07
30 P in e S treet N ew Y o rk
G u a ra n ty T ru s t C o N Y
do
do
do
do
E A R N I N G S .— 2 m o s .,/1 9 1 0 ............G ross, $ 1 8 ,1 2 4 ,5 4 5 ; n e t, $ 7 ,176,291
J u ly 1 to A u g . 31.
1190 9______ G ross, 14,567,015 ; n e t, 5 ,4 4 3 ,9 2 9
A N N U A L R E P O R T .— Fiscal y ear en ds June 30. A n n u al m e e tin g I
held at M ontreal o n the first'W e d n e sd a y In O cto b e r . T h e re p o rt fo r 1909-10
a t length w as In V . 91, p . 716 , 727 . A n n u al m eetin g , V . 91, p . 109 3. flee
also e d ito ria l, p . 761.
1909-10.
1008-09.
1907-68.
M iles o p e ra te d end o f y e a r ............
10,271
9,878
9,426
P assenger ea rn in gs_____________________ 524 ,812 ,02 1 $ 2 0 ,153 ,00 1 $1 9 ,9 0 0 ,4 3 2
F re ig h t ...............- ______ _______________ 6 0,158,887 4 8 ,1 8 2 ,5 2 0 44,0 3 7 ,5 9 8
M all, express an d m is ce lla n e o u s ........... 10,018,582
7 ,9 7 7 ,8 0 0
7 ,4 4 6 ,1 4 3
T o ta l e a rn in g s........................................... $ 94 ,989 ,40 0 $ 76 ,313 ,32 1 $ 71 ,384 ,17 4
N et e a rn in g s....................- ...................... .$ 3 3 ,8 3 9 ,0 5 6 $2 2 ,9 5 5 ,5 7 3 $2 1 ,7 9 2 ,3 6 6
In terest r e c e iv e d _______________________
3,3 3 5 ,7 1 3
2,3 0 6 ,4 8 8
2 ,654,633
$ 37 ,175 ,66 9 $ 2 5 ,262 ,06 1 $2 4 ,4 4 8 ,8 9 9
D e d u c t—
F ix e d c h a r g e s .............................................. $9,016,941
$9,4 2 7 ,0 3 3
$ 8 ,7 7 9 ,0 7 7
F o r steam sh ip s, A e _________ ______ 980,000
880 ,000
8 8 0 ,0 0 0
D ivid e n d s on co m m o n s to ck * - . . ( 6 H )1 0 ,1 6 7 ,1 7 9 (6 )9 ,0 0 0 ,0 0 0 (6 )7 ,3 0 9 ,8 0 6
D ivid e n d s on preferred s t o c k - .............(4 )2 ,2 1 4 ,9 3 3 (4 )2 ,1 0 7 ,8 6 7 (4 )1 ,9 1 6 ,4 0 7
B alan ce, su rp lu s_________________ ..$ 1 3 ,8 9 6 ,6 1 6
$ 3 ,847,161
$ 5 ,5 7 9 ,7 1 5
• A ls o 1% e x tra y e a rly fro m Interest o n land sales, v iz .: U % A p ril 1
and ' A % O ct. 1.— (V .9 1 , p . 396, 517, 711 , 716, 727 . 945, 1 09 3, 1095.)
CANE BELT RR.— See A tch iso n T o p e k a A S an ta Fe.
C A R O L IN A C L IN C H F IE L D & O H IO R Y .— (See A fo p .) — In o p e r a tio n
fro m D an te, V a ., to S p a rta n b u rg S . C ., 245 m . T h e D u m p s Creek L in e ,
S t. P a u l, V a ., t o H u rrican e, V a ., 12 m ., w as op en ed M ay 1910. C o n n e c ts a t
B o s tic , N . C ., w ith S ea b oa rd A ir L ine R y , w ith w h ich close re la tio n s a rc
m a in ta in e d , b y w h ich tid e w a te r Is r e a ch e d . V . 8 8 , p . 944; V . 8 7 , p . 670.
C o n tro lle d b y the C u m b erlan d C o r p ., w h ich ow ns th e C lln ch fleld Coal C o r p .,
w h ose 285 ,000 acres o f co a l lands the road w ill d e v e lo p .
V . 8 6 , n . 669;
V . 8 3 , p. 154. S ee C u m b . C orp . F in a n ce d b y leadin g N . Y . ban kers.
N am e ch anged In M arch 1908 trom South A W estern R R ., s to c k being
Increased to $30 ,0 0 0 ,0 0 0 , o f w h ich $15 ,000 ,00 0 Is 6 % p referred and
$1 5 ,0 0 0 ,0 0 0 c o m m o n .
In F e b . 1910 arranged w ith S ou th ern R y . to sen d
co a l to C h arleston, S. C ., w here c o m p a n y w ill h a ve a term in al to h an dle
co a l fo r e x p o r t. V . 90, p . 558.
B O N D S .— T h e first m tg e . has been au th orized to secu re $ 1 5 ,0 0 0 ,0 0 0 30y ear 5 % b on d s d a ted Ju n e 1 1908, o f w hich $ 3 ,000,000 w ere used to retire
th e o ld b on d s (3 Issues) to th e sam e a m o u n t d e p o site d as co llateral for the
C u m berland C o rp o ra tio n 1-year n otes o f 1908: In A u g . 1908 $ 7 ,0 0 0 ,0 0 0
a d d itio n a l b o n d s w ere s o ld , m ak in g $ 10 ,000 ,00 0 o u ts ta n d in g . T h e m tg e .
Is secu red on th e ro a d fro m D an te, V a ., to S p a rta n b u rg . S. C ., 245 m iles.
V. 8 6 , p . 667, 856; V . 8 8 , p . 944.
In F e b . 1909 $ 2 ,6 0 0 ,0 0 0 e q u ip m e n t
n o te s. Series " A , ” an d In Jan . 1910 $ 1 ,0 0 0 ,0 0 0 Series " B ” w ere s o ld .
V . 8 8 , p . 451,
. . . .
.
In J u ly 1909 $5,0 0 0 ,0 0 0 1 0 -y e a r 5 % m o rtg a g e gold n o te s fo llo w in g In
lien th e $ 1 0 ,000 ,00 0 first 5s o f 1908 w ere so ld . T h e y are s u b je c t to call os
a w h o le o r m ay be draw n In part b y lo t.
V . 89, p. 285.
_____
M ark W . P o tte r , C h airm an o f B o a rd , 24 B road S t ., N . Y . — (V , 90, p .6 5 8
C A R O L IN A & N O R T H W E S T E R N R Y — See page 16 5.
C A R T H A G E & A D IR O N D A C K R Y — See page 165.
C A R T H A G E W A T E R T O W N & S A C K E T T ’S H A R B . R R S e e pago 16 5
CATASAUQUA & FOGELSV1LLE RR — See page 165.
C A T A W IS S A R R . — O w ns from T a m a n e n d , P a ., to N e w b e rry J e t ., P a ..
102.89 m iles; s e co n d tra ck , 38.69 m iles; to ta l, 216.01 m iles.
R e -le a se d
D eo. 1 1896 fo r 999 years to P h iladelph ia A R e a d in g R a i l w a y .
R e n ta l,
Interest o n b o n d s, 5 % d iv id e n d s on p referred s t o c k , all ta xes a n d $ 8,000
f o r orga n iza tio n exp e n se s. See also V . 63, p. 969, 1110.
O f the p referred
s to c k s , In 1909 $2,2 0 0 ,0 0 0 w as first preferred an d $ 1 , 000,000 s e c o n d pre
fe rre d , an d c o m m o n was $1 ,1 5 9 ,5 0 0 ; p a r, $50 .— (V . 7 2 , p . 1187.)
C A T S K I L L M O U N T A IN R Y — See page 165.
CAYUGA & SUSQUEHANNA RR.— See page 105.
CENTRAL O F GEORGIA R Y .— ( S e e M a p . ) — S ystem Inclu des:
L i n e s lea sed — ( s e e these c o s .) M i l e s .
295 S ou th w estern R R . —
M acon to E u fa u la ......................
144
86
F o rt V a lle y to P e r r y ..................
12
156
71
F o r t V a lle y to C o lu m b u s -----62
S m lth v lllc to C o lu m b ia ..........
85
80
C u th b e rt to F o rt G ain es------21
49
30 A u gu sta A S a v an n ah R R . —
M lllen to A u g u s ta ......................
00
198 C h a tta h o o ch e e A G u lf R R . —
C olu m bia to L o c k h a r t .............
18
18 T r a c k a g e -----------------------------------138
T o ta l o p e r . J u ly 1 91 0_______1,916
77
10 A lso M eldrlm to L y o n s , 58 m iles
(leased to G eo. A A la . R y . —
9
S eab oard A ir Line s y s t e m ) .
12
24 O cea n Steam sh ip C o ., e s tim a te d
equ iva le n t o f ____________________ 308
T o ta l ow n ed (and o p e r .) -------1,436
_
,,
O R G A N I Z A T I O N .— S u cce e d e d N o v . 1 1895 the C entral R R . &
C o. o f G eorgia, fo re clo s e d .
V . 60, p . 1008; V . 6 1 t p . 6 8 .
C on trols W rig h tsvllle & T en n ille an d W a d le y S ou th ern R y . , all o f the b o n d s o f the la *}er
be in g ow n e d an d d ep o site d to secure sh o rt-te rm n o te s d u o M arch j 1912.
............ _
. ,
V . 85, p . 005 .
In Jun e 1909 the $5,0 0 0 ,0 0 0 s to c k w as a cq u ire d b y th e Illin ois C en tra l,
But the road Is o p e r a te d In d e p e n d e n tly .
V . 8 8 , p . 1559; V . 8 4 , p . 1550;
/ « 8 5 , p . 1082 1208; V . 8 0 , p. 007 .
L in e s ow n ed in fe e —
M
S avannah to A t la n t a ___________
G ord on to P o rte rd a le ___________
C olu m bu s to B irm in gh am , A la .
C olu m bu s to A m e r lc u s .......... —
M on tgom ery to E u fa u la , A l a - C olu m bu s to G reen ville, G a ___
O pelika to R o a n o k e ------------------E u fau la to O za rk ----------------------G riffin , G a .,t o C h a t.,T e n n ., A c .
C h lck am au ga to D u rh a m ----------Savannah to T y b e e _____________
C olu m bu s to A n d a lu s ia ________
M acon J u n ctio n to A th e n s .
B rew ton to D o v e r ...............
B arnesvllle to T h o m a s t o n .
L y e rly B ra n ch _____________
U pper C ahaba B ran ch .
G reenvllle to R a y m o n d -------------
ile s .
102
FOX
PRINCE ALBERT
LAND
LAND
u t b u r s t
x
RAILWAY STOCKS AND BONDS.
g r e a t
^b a y
BEAR
Lake
ilack avg
Zac la.Marte
Ft.Simpsos
'Great S la v e
Ft.Laird
pCHlCOVV
KenogamUl
jST.ANDRfc’
[DULIEPOU
ST.ANDRE
*
L.Kdwar<r
LA TUQUEgp ^ i » v p U C B E C y
, LA TUOOE »®c.
RIVIERE A P!SR
Tt'c<>ei
" \ j oa# ao fM
M MA "'g £ S ^ J
1 jouiette E
\ Ste.JuUenn^j
^yoNTFOBT JC-^1
A HUBERDEAU J
i.Ft.Nelson I
Ft.McKay
^t.McMurrav
Peace
./i.
Ft. 1
Vermilion/
Hazel toa\
ATHAS:
list&tin]
~v Jasper'.
House c
Barkerville
\ .».TVi i /
r^acomb® |Z
saskatoon'
*
V - /W '0
•SjnicuBe
“ HUM BOLD
Donald1. cP.
Atevelstoke/ 'CALGA
\\>
CAN.Arrowhead . Gerard
Nakusp\\
J
MftLeodj y
i C OV3NIER
A
co\ct'ASeN0
Oot., 1910.j
M AP OF TH E
[Sumas
[Snohomis!
■" LHexrord
Unfuers Ferry
^Pacific Jet'
•TiU-wi'
P Sg^^A N A M A N
§ 1 P < S
NORTHER]
RAILW AY
A N D C O N N E C T IO N S
R A IL R O A D C O M P A N IE S
[F o r abbreviations, & c ., see notes on first page]
D ate
Bonds
M ile s
R oad
C e n t o f Ga R y — i c o n )—
M a con A N orth D lv 1st M $84 0,00 0 g o l d - .- M B a . c
O w n D lv 1st M R rpw ton t o D o ver SO,000 p m . - S . c
E a to n to n Ur 1st M not gu g __________________________
M id G a A A tl D lv 1st tconsol) M S9,000 p m - . - G . c
C h a tta n oog a D lv purch m o n e y M $ 2 ,4 0 0 ,0 0 0 g . S . c
102
77
21
65
164
138
1895
1901
1896
1807
1901
1897
1905
1005
1895
1895
1895
1887
1905
1906
1906
1907
1007
12
24
____
2d
do
d o 1 g o ld If e a r n e d _________________ C<
3d
do
d o J n o n - c u m u la t lv e ______________ Mi
C entral R R & Bk c oll tr b o n d s g o ld red a t 1 1 0 .C s c
L o c o m o tiv e and car trusts p a y a b le $ 3 3 ,0 0 0 s - a . . - - '
E q u ip m en t trust series H $31 ,000 s -a (V 82 p 217)
E q u ip trust series I $ 11 5,00 0 s-a (V 83 p 7 5 1 ) . . . G l
do
d o series K $ 38 ,000 s e m i-a n n u a lly ________
N otes secu red b y W a d le y S o u th ern b d s ____________
G uaranteed, A c . , S ecurities
- - ____
- —
. . .
____
A u g u s ta & Sav an n ah s to c k (n o b o n d e d d e b t ) .
S ou th w estern R a ilroa d s to c k (n o b o n d e d d e b t ) -------C h a tta h ooch ee A G u lf s t o c k ____________________
First M g old $2 ,0 0 0 ,0 0 0 lnt rental 3 f red at 102 IS
C e n t In d ia n a — 1st M $4 ,0 0 0 ,0 0 0 gu p A I e n d - C e .c ’ Ar
C e n t r a l N ew E n g — First M $ 1 ,2 5 0 ,0 0 0 call 105 F P .c*
G eneral m ortg age 5 % Incom es $7 ,2 5 0 ,0 0 0 -------El*.
D u tch ess C ou n ty R R —F irst M g o ld g u a r -------M e .c
D ivision a l b o n d s . ____________________________________
N ew m tg e $ 2 5 ,0 0 0 ,0 0 0 w h en a u th o r iz e d __________
Central O hio See H am m ore & O h io
C e n tra l P a c if ic — 1st re fu n d M g gu p A 1 e n d C e ’ .c A r
3 H s 525 ,0 0 0 .0 0 0 gol-4 guar p A 1 e n d .......... U s .c '& r
L u cln cut-otT 1 st M $ 1 0 ,0 0 0 ,0 0 0 guar (te x t) . G . c * * i
C en tral R R o f H aiti— 1st M U S g o ld p a y 105 a t m a
t u r ity o r c o m p a n y 's o p t io n -------------------------------------Q
Central R R of N J -S to c k ($ 3 0 ,0 0 0 ,0 0 0 au th orized) .
C en t R R o f N J gen M $ 5 0 ,000 ,00 0 g o ld .......... C e.re
do
do
r e g is t e r e d ______________
53
1890
'0 .V 0 4
—
333
- -
—
Par
V alue
1,000
1,000
$300
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
50.000
1,000
100
100
100
1.000
1.000
1.000
1.000
1,349
1,34!)
103
1899
1899
1904
500 A c
500 A c
1.000 A c
1909
1,000
800,000
100 27,436,800
1,000 1 b45.091 .00 0
500 A c 1
b
. . .
____
All
All
1887
1887
T o ta l In c o m e -------- ---------$3 ,8 3 9 ,9 8 9
In terest on fu n d e d d e b t , A c .....................$ 1 ,9 5 9 ,5 5 6
R e n ta ls and m iscella n e o u s___________
561,094
B e tterm en ts (In clu din g r e s e r v e )_____
1,318,123
T a x e s o n W e s t. A la . s to c k a n d Ch, A
W e s t. Car. b on d s p rior to J u ly 1 '0 8
.................
$ 3 ,2 9 3 ,1 4 6
$ 2 ,8 6 6 ,8 6 7
7 20 ,656
$ 3 ,5 8 7 ,5 2 3
$1 ,9 7 7 ,8 4 4
556,414
83 7 ,1 0 2
$ 2 ,8 6 4 ,0 3 6
$ 2 ,4 8 1 ,4 9 2
392 ,123
$2,87 3 ,6 1 5
$1,999,541
554,732
324,768
21 3 ,5 0 2
__________
B a la n ce, surplus o r d e fic it .................. s u r .$1,216
s u r .$2,661 d c f.5 5 ,4 2 6
O F F I C E R S . —P res., J . F . H a n so n , A tla n ta , G a.
D ire cto rs, J u ly 1909.
V . 87, p . 1009; V . 89. p. 162.— (V . 91, p . 398, 516 . 527.)
CENTRAL INDIANA R Y .— M u n cle to B razil, ln d .. 127 m ., o f w hich
10 m . tra ck a g e.
V 76 p . 653 . C o n tro lle d b y C lev. Cine. C h ic. A S t. L ou is
and P en n . R R . Interests.
B o n d s, gu aran teed b y C le v. C lue C h ic A S t. L ..
are lim ited to $ 2 0 ,mm per m ile ; o u ts ta n d in g , $ 1 .500 .000
V. 77. p. 517.
227 9; V . 78. p. id o k . m a t . S to c k a u th o r iz e d . $ 12o non
Cal year I9i'9
gross, $1 7 6 ,5 7 9 ; d e f. under o p e r . e x p ., $ 3 3 ,5 5 0 .
In 1908, g ro ss. $ 13 9,76 2.
Pres. Joseph R Miis. n.— (V. 77, p. 2279;
V.
78 p. i»urt imw.)
CENTRAL NEW ENGLAND R Y — Owns from C a m p bell H all, crossin g
th e H u d s o n R lv e i at P ou gh k eep sie b y Its o w n b rid ge, to S llve ru a lls, 58 m .;
P o u g h k eep s ie, N . Y , to H o p e w e ll, 12 in .; D u tch ess J e t ., N . Y ., to S tate
lin e, 59 in .; P ou gh k eep sie , N . Y ., to B oston C orn ers, 35 m .; total o w n e d ,
164 m iles; and leases and c o n tr o ls H a rtfo rd A C on n . W estern R R .. H a rtfo rd
to R h ltn - llff. 10 !) ■ W ienpee J e t ., N . Y . , to Flshk'll i.d g , V Y
2 m .;
to ta l, 293 m iles, o f w hich 20 m iles a b a n d o n e d O ct. 1909.
V . 89. p. 918.
O R G A N I Z A T I O N .— O n Ju n e 30 1910 the N ew Y o rk N ew H a ve n A
H a rtford R R . ow n ed $3.471,00<> p re f. a n d $ 4 ,4 8 8 ,5 5 0 c o m m o n s to c k , an d
$7,03 7 ,4 4 2 o f the $ 7 ,2 5 0 ,0 0 0 Incom e an d $ 19 2,00 0 first m tge. b o n d s; also
d iv ision a l b o n d s, v iz ., the $ 50 0,00 0 P o u g h k . A E ast. 1st m tge . 5s, all o f
the $21 6,00 0 c o l l . and $1 ,1 6 4 ,5 0 0 In com e N .D A C o n n .b o n d s an d $2 ,5 9 2 ,3 8 9
n otes p a y a b le .
V . 8 5 . p . 404 , 858 ; V . 8 9 , p . 469 .
In M ay 1910 th e Phlla.
co m m itte e m ade a settle m e n t on th e basis o f par In cash fo r th e general m tg .
bon d s (a b o u t $500,000) represen ted b y It, a n d In J u ly 1910 arrangem ents
w ere m ade fo r th e sale o f th e m in o rity s to c k a t 45 fo r the pref. and 22 U fo r
th e c o m m o n .
V . 90. p. 1238, 1296, 1489; V . 91, p. 153, 396 870.
S T O C K .— C om m on . $ 4 ,8 0 0 ,0 0 0 ; p r e f., 4 % . $ 3 ,7 5 0 ,0 0 0 ; p a r. $100.
— In M ay 1010 a p p lic a tio n w as m a d e to m ake a new m tg e . fo r
5 2 o ,00 0 ,0 0 0 an d to Issue $ 1 2 ,4 1 9 ,0 0 0 b o n d s thereu n der to refu n d o u ts ta n d
in g b on d s
V . 90. p. 1362.
D iv id e n d o n In com es, 4 % fo r fiscal y e a r 1908
09, p aid O c t. 1 1909; O ct. 1910, 5 % .
V. 89. p. 592.
EAR NINGS.— 2 mo3.,f 1910__________ Gross,
$500,536;
net,
$168,395
J u ly 1 t o A u g . 31.
J 190 9---------------- G ross,
4 5 6 ,2 0 3 : n e t, 183,298
F o r 12 m on th s en d in g Jun e 30:
12 M o s .—
G ross.
N et.
Other In c. C harges.
Balance.
1 9 0 9 -1 0 ...........................$ 3 ,0 2 2 ,7 2 0 $1 ,1 8 4 ,6 1 3 $63 ,186 $83 2 ,9 1 8 $414,881
1 9 0 8 -0 9 ......................... 2,53 0 ,2 1 3
854 ,013 56 849
790 ,797 120.065
. O F F I C E R S .— C. S. M ellcn o f N ew H aven , P res.: A. S. M ay, T r c a s . an d
------------ - S e c .— (V . 90, p . 1489; V . 91, p. 153, 396 , 654, 870 .)
W hen
P a ya ble
s
1.000.000
96,000
1.022.000
5,191,100
436.400
325,000
1,500.000
1.250 000
7,25 0 ,0 0 0
350.000
1900
1903
1899
1899
1890
1.0 0 0
R ate
%
A
$840,000
J
J
5 g
A I)
462,000
J
5 g
A D
168.000
J
5 g
A
5 cur J
413,000
J
,T A D
2,057.000
4 g
A
J
J
343.000
5 g
450 000
F A A
4 g
M A
S
4 50 .000
4 g
4 ,0 0 0 ,0 0 0 5 In 1907
O ct 1
7,00 0 ,0 0 0 3.729 '07
O ct 1
4 ,0 0 0 ,0 0 0 5 In 1906
O ct 1
4,88 0 .0 0 0
M A N
5 g
99.000
V arious
4M
56 1 .0 0 0
4M e F A A
1.030,000
A J
4H K J
494 ,000
M A S
5 g
5 g
650,000
M A
91
117
58
58
12
B O N D S .— T h e first mortgage o f 1895 (d e scrib e d In V . 0 3 , p. 1100) is o
first lien o n the m ain line from A tla n ta to S a v a n n a h , In clu d in g the M llledgevllle b ran ch (312 m in a l l) . all e q u ip m e n t an d a p p u r te n a n c e s , a n d the eguttv
In $ 1 ,9 9 5 ,0 0 0 s to c k o f O cea n SS. C o. V . 8 4 , p . 529, 605; V . 87, p 550.
A p p lic a tio n for listing ilrsts an d co n s o ls in V 03. p. llO o
T h e consol, mnrt (see a b stra ct V . 6 1 , p. 873- also V. 63. p. 1160: V . 83. p
1347) Is a first lien u p on 000 m . (In clu din g fo rm e r M on t. A E u fau la R R .,S a v
A W estern and S av . A A tl ) ; also o n the leases o f the S o u th W estern and
A u g u sta A Sav an n ah roads an d the s to c k o f N ew E n gla n d A Savannah
S tea m sh ip C o . and a second lien u p o n the m ain line. Its e q u ip m e n t. A c.
an d also on the M acon A N o rth e rn , M obile A G irard, and o th er division s.
I t also c o v e r s all lea seh o ld s, s e cu ritie s , A c .
V . 8 5 , p. 605; V . 89, p . 777.
C ollateral trust mortgage a b s tra ct w as lu V . 45, p. 242.
T h e Chattanooga D ivision m ortgage Is a llrst lien o n the fo rm e r C h a tta
n o o g a R o m e A Southern R R ., C a rro llto n , G a .. to C h a tta n o o g a . T e n n .,1 3 h
m iles, an d D urham to C h lck a m a u g a . G a .. 17 m iles, w ith b ra n ch e s. In all 104
m iles, s u b je c t to $ 3 4 3 ,0 0 0 o ld 5s, fo r w h ich a like a m o u n t o f b o n d s Is re
served
V . 72. p. 1134; V. 78, D. 1446.
U pper Cahaba Branch b o n d s are s ecu red b y c o a l lands In N orth ern A l a
b a m a , also b y road H enry Ellen to M argaret, A la .
V . 81. p 920 1099
P R E F E R E N C E IN C O M E S .— T h e se b o n d s, s u b je c t to th e p rio r m o r t
g a g es, c o v e r the m ain lino an d th e fo rm e r S av an n ah A W e ste rn , C olu m bu s
A R o m e , M on tg om ery A E u fau la, M obile A G ira rd . M acon A N orth ern and
S a v a n n a h A A tla n tic and o th e r railroads, an d their e q u ip m e n t, A c . T h e y
are n o n -c u m u la tlv e and bear Interest n o t e x c e e d in g 5 % In a n y o n e fiscal
y e a r , b u t p a y a b le o n ly o u t o f net earnings as d e cla r e d .
In O ct. 1905 It
w as arra n ged to a tta c h c o u p o n s t o In com e b o n d s.
V . 8 1 , p . 974, 1174.
D iv id . ( % ) — - ’ 96. '9 7 . '9 8. ’ 99. '0 0 . ’ 01. '0 2 . 03. '9 4 . '0 5 . ’ 06. ’ 07. ’ 0 8 t o ’ 10
1st Incom es 114 214
5
3
5
5
5
5
2
2 314
6
0
5
2
2d Incom es 0
0
0
0
0
0
0
0
5 3.7 2 9
0
0
0
5
5
0
0
0
0
0
3d Incom es 0
0
0
0
In O c t . 1907 the h olders o f $ 2 ,4 9 8 ,0 0 0 se co n d p referen ce and $1,350,000
th ird p referen ce Incom e b o n d s had d e p o site d their bon d s w ith a com m ittee
(J os. S . D ale, 52 W illia m S t ., N . Y . . S e c .).
V . 85, p. 529, 605, 653, 721
792; V . 8 7 . p . 1477; V . 8 8 , p . 1436: V . 8 9 , p. 592.
In N o v . 1009 su it was
b r o u g h t t o r e c o v e r full In com e Interest o n 3 classes o f b o n d s fro m earnings
o f 190 7-0 8.
V . 8 9 , p. 1346.
In 1908 a m a jo rity o f llrst In com e bo n d s had
been d e p o s ite d .with a co m m itte e (M e tro p o lita n T ru st C o . o f N ew Y o r k ,
d e p o s ita r y : J o s . S . D ale. S e c .). V . 8 7 , p . 740, 1418.
L A T E S T E A R N I N G S .— J 1 9 1 0 ............ G ross, $ 1 ,9 9 1 ,8 4 4 ; n et, $464,553
2 m o s ., J u ly 1 to A u g . 3 1 . \ 1009 ---------- G ross,
1,7 4 0 ,6 8 3 ; n e t,
3 83 ,727
R E P O R T .— F o r 1909-10 a t length In V . 91, p . 516, 527.
Y gar ending J u n e 30—
1909-10.
1908-09.
1907-08.
O p era tin g r e v e n u e s - .- ............................... $ 1 2 ,0 5 2 ,7 5 6 $ 1 1 ,1 5 5 ,1 8 2 $ 11 ,383 ,01 3
O p era tin g ex p e n s e s ---------------------- -------- 8 ,4 7 4 ,9 1 0
7 ,8 6 2 ,0 3 6
8 ,5 1 8 ,9 7 7
N et o p e ra tin g re v e n u e s _____ ________ $3 ,5 7 7 ,8 4 6
O p era tin g In com e (a fte r t a x e s )................$3,10 6 ,9 9 8
O th e r In c o m e _________ _________- ............
732,991
Am ount
O utstanding
09,77 6 .0 0 0
16.364.000
9.640,000
J
J
J
J
J
J
M
F
A
A
A
4 g
F
3H g J
4 g
A
A
A
A
5 g
5 g
6
5
5
5 g
4 g
5 g
5 g
(6) g
A
A
A
A
A
O ct
A
J
Last D ivid en d
and M a tu rity
P laces W here Interest and
D ivid en d s are P a ya b le
Jan 1 1046
D eo 1 1 9 4 5
.June 1 1926
Jan 1 1947
Jun e 1 1951
J u ly 1 1947
F eb '1 1 -A u g ’ 2?
M ch ’ l l - S e p *25
N o v 1 1945
N o v 1 1945
N o v 1 1945
M ay 1 1937
T o Jan 1012
T o F e b 1916
T o J u ly 1016
T o M ch 1 1017
M ch 1 1912
G u a ra n ty T ru st Co N Y
do
do
S av an n ah Ga
G u a ra n ty T r u s t C o , N Y
G u aran ty T ru st Co N Y
U nion T ru st C o N ew Y k
G u a ra n ty T ru st C o N Y
G u a ra n ty T ru st C o N Y
G uar T r C o N Y o r Savan
do
do
do
do
G u a ra n ty T ru st C o N Y
B lair A C o N ew Y ork
do
do
K o u n tze B ros N ew Y o r k
do
do
G u aran ty T ru st Co N Y
J J u ly 1 1020
J T o J u ly 1911
G u a ra n ty T r u s t C o N Y
Blair A C o N ew Y ork
Sav an n ah G a
S avannah and M acon
Sav an n ah Ga
C itizen s’ Bk S a v an n ah G a
Central T ru st C o N Y
Fid I T 4 S D C o P h ils
5 % p aid fo r y ear 1009-10
Fid I T A S D C o P h lla
A Aug 11949
1) A u g 1 1929
O O ct 1 1954
120 B r o a d w a y N Y
do
do
do
do
J J u ly 1910 214%
J J u ly 1910 214%
J J u ly 1 1910 2 k
1 J u ly 1 1930
N M ay l 1953
A F eb 1 1919
1
F e b 1 1949
D Jun e 1 1940
6 g
J
A D Jun e 1 1919
S. e t e x t .
Q—F
N o v 1 1010 2'/.
1 5 g
A
J
■ 1 J u ly 1 1987
1 5 g
J u ly 1 1987
Q— J
Include* $1 .167.0 no In treasury
Iuly l u lu
C E N T R A L P A C I F I C R Y . — (S ee M a p o f S ou thern P a cific .)
L in es ow ned—
M 1 les .
M ile s .
San F ra n cis co , C a l., to near
B ran ch es to San J o s e , A c ___
35
O g d e n . U tah . . ________
871
L eased, & c .—
L a th ro p , C a l., to G o sh e n , C a l . . 146 W e e d to K la m a th F alls (leased)
86
Seville J u n c tio n , C a l., to
In t o O g d e n , A c . (tr a c k a g e )------14
O regon S ta te L in e____________
297
Itnhrla to C e cil_________________
103
T o t a l................................................ 1,551
O R G A N I Z A T I O N .— in c o r p o r a te d In U ta h In J u ly 1899 as su ccessor o f
he railroad und er the plan o f re a d ju stm e n t In V . 68, p . 378.
S T O C K — (1) C om m on S tock, 5 0 7 .2 7 5 ,5 0 0 , all held by Sou. P a e. C o.
(2) P referred stock, 4 % c u m u la t iv e , a u th o rize d Issue $ 2 0 ,0 0 0 ,0 0 0 , to be
le llv e rcd to S ou . P a c. C o . In c o n s id e r a tio n o f Issue o f e qu a l a m o u n t o f S o u .
P a c. C o . 4 % c o lla t . trust g o ld b o n d s: o f w hich d eliv ered on c o m p le tio n o f
re a d ju stm e n t $ 1 2 ,6 0 0 ,0 0 0 ; reserved fo r Im p ro v e m e n ts, $ 3 ,0 0 0 ,0 0 0 : reserved
to be d e liv e re d fo r Im p ro v e m e n ts a n d a d d itio n s a t n o t o v e r $20 0,00 0
y e a rly , $ 5 ,0 0 0 ,0 0 0 : o u ts ta n d in g , $ 1 3 ,8 0 0 ,0 0 0
D I V I D E N D S .— O n p r e f., 4 % y e a rly to 1909, In clu sive. O n c o m .. In
190 6-0 7, 6 % ; In 1907-08, 6 % ; In 190 8-0 9, 6 % .
B O N D S .— F irst refun din g m tge. g o ld 4s, $ 1 0 0 ,0 0 0 ,0 0 0 . V . 69, p . 808
a n d V . 7 0 , p . 739; V . 78, p . 228; V . 87, p . 225 , 285 , 479; V . 88, p . 52.
Thirty year gold 3 us, S25.Uuu.iiU0, secu red ny a se co n d lieu u pon all the
properties co v e r e d by the 1st ref. m tg e . an d also b y d ep osit w ith the T ru s
tees, as a c q u ir e d , o f all securities an d m o n e y s held In a n v sinking fund o f the
V u tral P a cific R y . co n sistin g J u ly 1 1909 o f $8,521 020 In secu rities and
$21 c a s h , an d b y a trust d eed u p o n all the lau ds c o v e r e d by the m tg e . d a ted
G et. 1 1870.
See M ortgage A b s tr a c t , V . 69, p. 858; also see p. 851.
F rom
che pro ce e d s o f these sinking fu n ds and land sales c a n c e lla tio n o f b o n d s are
m ade from tim e to tim e: In F e b . 1900 $2,505 000 3 y$s w ere c a n celed and
•J u ly 19d0 $6 131.1)00 a d d itio n a l had been c a n ce le d , red u cin g th ose o u t
<ta
m g t • S I« 3 4 O'O
V 70. p 739 . 1104
T h e 4 % gu ar, b o n d s o n the L u cln c u t -o ff are red e e m a b le a t 107 H on a n y
ln t. d a y since O c t . 1909. V . 7 9 , p . 1641. G u a ra n ty , V . 8 0 , p. 162.
L A n D G K A ni
- i ital land g ra n t w as ab lit 1 2 .0 0 0 .non m res o f w hich
a b o u t 7,706,612 acres u n sold Ju n e 30 1909. Sales In 1908-09, 2,9 6 7 acres.
Land co n tr a c ts J u ly 1 1900— p r ln ., $14 6,58 0: a v e r, price per a cre , $5 25.
R E P O R T .— Y ea r e n d . Jun e 30 1909. gross, $ 3 1 ,3 0 6 ,9 8 4 ; n et, $ 1 4 ,0 5 3 ,
472; o th e r In com e, $81 7,38 2; ln t ., ta x e s , sin k , fu n d s, A c ., $ 6 ,8 0 8 ,4 6 3 ; d lv .
on pref. s to ck (4 ? S ), $54 8,00 0; d lv . o n c o m . s to c k ( 6 % ) , $ 4 ,0 3 0 ,5 3 0 ; b a l.,
s u r ., $ 3 ,4 7 7 ,8 0 1 , o f w h ich p a y a b le to S o u . P a c. C o. un d er term s o f lease,
$ 1 ,5 1 4 ,9 1 7 , le a vin g $ 1 ,9 6 2 ,9 4 4 .— (V . 8 7 , p . 225, 285. 479; V . 8 8 , p . 52.)
C E N T R A L R R . O F HAITI.— In c o r p o r a te d und er th e law s o f th e S ta te o f
N ew Y o rk M eh. 19 1909. S to c k a u t li., $ 1 ,4 5 0 ,0 0 0 . as Increased A u g . 1910;
o u ts ta n d in g , $ 1 ,4 0 0 ,0 0 0 (shares $100 e a c h ). T o o k o v e r the fo llo w in g c o r
p o ra tio n s b y pu rch ase o f all th e ir assets: (1) T h e P laln c d u Citl d e Sac R R .
C o. o f H a iti, a 61-m lle r o a d , ln cl. 16 m iles bu ild in g; (2) th e P o rt-a u -P rln co
W h a r f C o ., all th e s to c k a n d b o n d s o f th e fo rm e r an d th e bon d s o f th e la tter
h a v in g been p led ged to secu re th e b o n d Issue (lim ited to $ 8 0 0 ,0 0 0 ).
T h e a b o v e -m e n tio n e d colla tera l secu rities c a rry w ith them a g u a ra n ty on
the part o f the G o v ’ t o f th e R e p u b lic o f H aiti fo r the p a y m e n t o f an ann ual
su b sid y o f $41 ,2 8 0 , U. S. g o ld c o in , fo r w h ich g u a ra n ty 2 0 % o f the G o v e rn
m en t's revenues fro m the du ties o n c o c o a and lo g w o o d are p le d g e d , w h ich
total revenues e x ce e d b y a b o u t 10 tim es the a m o u n t o f this g u a r a n ty .
V. 89. p. 162.
N. Y . o ffic e . 25 B ro a d S t .— (V . 01, p. 276 .)
C E N T R A L R R . OF N E W J E R S E Y . — (See M a p Reading S y stem .)— O per
ates from Jersey C ity , o p p o s ite N ew Y o r k C ity , w esterly to W ilk es-B a rre
and S crant n. Pa . and tlio n e ig h b o rin g a n th ra cite c a 1 fields: also sou th erly
t o the seashore resorts o f N ew J e rs e y a n d to the D elaw are R iv e r .
M ile s .
Lines owned In fe e —
M ile s .
Jersey C ity to P h llllp s b u rg _________72
* See this c o m p a n y .
S u n d ry b r a n c h e s ..............................
84 N esqu eh on ltig V a lle y * .......... ............ 17
E n tire stock ow ned—
L eh igh A S u sq u eh an n a. PhlUlpsNow Y o rk A L o n g B ranch R R .,
b u rg to U n ion J e t . , A c . .............. 171
Perth A m b o y to Bay H e a d ____ 38
W ilk e s-B a rre A S c r a n t o n * ............
5
New Jersey S ou th ern R R ., L o n g
O th er l in e s ...............................- ...........
7
B ran ch to A ts lo n , A c . ________ 76
Trackage—
O th er lines (n o d e b t)
................. 147 U nion Coal R R --------------- ---------- 10
Leased ( m ostly for!)!)!) years)—
A lle n to w n T e rm ( o p e r .J o in t ly ). .
3
D over A R ock a w ay R R . .
5 O th er tr a c k a g e ..................................
24
O gden Mine R R *
. _ ____ 10
| T o ta l
J u lv I n 10
------ f 60
T h ere are 263 m iles o f 2 d , 41 m iles o f 3d a n d 30 m iles o f 4 track s.
H I S T O R Y .— R eorga n ized In 1887 w ith o u t fo re clo su re — see plan V . 44, p.
714. 716
C one
•! 1
d pr p ertles, sit l.ciilvu A W ilkes Darre In " S u p
p le m e n t” Jan . 1903 (p . 159 ). an d L e h . C oal A N a v . In "M is c e lla n e o u s ” . In
1901 R e a d in g C o. a cq u ire d $ 1 4 ,5 0 4 ,0 0 0 s t o c k . V . 72, p . 80, 130, 241. 391
721.
In S e p t. 1909 sold $ 1 ,5 4 0 ,0 0 0 o f $ 1 ,6 0 0 ,0 0 0 L eh . V a il, s to c k .
H IV .— i '9 1 . 'U2 t o ' 9 4 . '9 5 . '0 6 . '9 7 . '9 3 . '9 9 . '0 0 . '01 I 902 to N O V '10
P c - ••cut
f 8 >4 7 c 'lv
! ; 5 4 if
4
I
5
3 H v *arlW O F<
A lso tw o 2 % special d iv id e n d s o n D e c. 15 1909 an d .Tune 25 1910 from
p ro ce e d s o f
d iv id e n d s e a c h o n L eh igh A W ilk e s-B a rre C oal C o.
s to c k o w n e d . V . 89, p . 1410; V . 90. p . 1612.
B O N D S .— F or general mtge. a b s tr a c t, see V . 4 5 , p. 402.
T h e $ 2 0 ,0 0 0 ,0 0 0 L ehigh A W ilk e s-B a rre co n s o l, serial 4s are gu ar. prln .
an d ln t., an d m ature $ 2 ,5 0 0 ,0 0 0 e v e r y 5 years begin n in g Jun e 1 1915;
$ 1 6 ,9 9 6 ,0 0 0 h a v e been s o ld , $ 2 ,6 0 1 ,0 0 0 are reserved to retire th o 5s due
N o v . 1 1912.
V . 90, p. 1206, 976.
E q u ip m en t M ortgage 4 j
Interest at L iberty N ationa l B a n k ., N . Y C ity .
($ 1 ,0 0 0 each)
D ate.
In terest. O utstanding. Instnl. o f P rln due Y ’ ly.
Ser. B ............................ .. 1 9 0 2
4 % V a r.
$ 50 0,00 0 $ 250,000 to M ay 1 1912
S er. C ............................. 1903
4 % A AO
1,050,000 350 .000 to A........................
p ril 1 1913
Ser. I)
($ 7 50,000) . 1905 4 % M A S In treasury
150.000 to M arch 1915
Ser. B ($ 2 ,1 0 0 ,0 0 0 ) l!)i)6
350 .000
1911 to 1916
4% FAA
do
do
•Ser F
7*77* .0 0 0 ) 1 0 0 7
_
JAD
d o do
1 10.000 to J u e l 1917
E A R N I N G S .— F o r 2 m on th s e n d in g A u g , 31:
H M onths —
G ross.
N et.
Charges.
B a t., su rp.
1 0 l 0 . _ -------------------$ 4 ,8 1 0 ,0 0 7 $1,98 0 ,4 0 9$ 1 ,0 5 1 ,0 1 0
$037,499
1 9 0 9 . . .............................
4 ,4 9 3 ,9 4 1 2 ,0 2 1 ,4 0 2
1.06 7 ,7 5 3
053,709
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first pane]
Cen tral R R o f N J — (Concluded)
L A W B 5s o f 1912 sk fd n o t guar (n o t d raw n) F P .c *
L A W B c o n M $20 ,0 0 0 ,0 0 0 serial g g u a r - .P c P .c *
A m D o ck A Im p Co 1st M gu ar redeem a t 1 1 0 ____ c*
N Y & L Br gen M g Int gu Join tly ($ 192,000 5s) _Ce
L eh igh & H ud R lv gen M gold guar J o in tly ___ C e.c*
C en tral R R o f P en n — 1st M $ 1 ,2 0 0 ,0 0 0 e x t 1 9 0 8 .. F P
Central R R o f South C a rolin a— F irst m tg e g o ld ---------c
C ent R y of So Car— First M $150,000 g gu r e d ------ CP
C entral V erm on t— S to c k $ 3 ,0 0 0 ,0 0 0 ----------------------------First M $ 12 ,000 ,00 0 g o ld tr a ffic g u a r________ A B .c A r
Car trusts $15,000 or $16,000 d u e q u a r t e r l y ----------L o c o m o tiv e trusts $20,000 due y e a rly (V 83 p 7 5 1 ).
C ar trusts $13 ,000 o r $ 14 ,000 d u e s e m i-a n n u a lly —
M ontreal A P ro v in ce Line K y 1st M guar p & 1-------c
C V T ran s IstM g g u p & I.$ 1 2 ,0 0 0 o r$ 1 3 ,0 0 0 d u e s-aB a
C h arleston & S av an n ah — See A tla n tic C oast L in e R R .
C h arleston & W e s t Car— IstM g ($ 8 ,0 0 0 p m )-C «
In com e m tge g old n on -cu m ($ 7 ,000 'p e r m l l e ) - . G . c
M ile s
R oad
38
40
7
A ll
40.6
340
18
C h arlotte C olu m bia & A u g u s ta — See S ou th ern R y
C h a rtiers— See P ltts b C incinnati C h ica g o A S t L ou is
Chat & Lake P la c id — Sar & L a ke P lacid 1st M g .C e .c
C h a tta h o o c h e e V a lle y — C V R R llrst m o r tg a g e ------C h esapeake B ea ch — F irst m tg e see V . 8 1 . p. 974 N.c;
C h esap eak e & O h io— S to c k ($ 1 0 0 ,0 0 0 ,0 0 0 authorized
F irst m tge of 1911 P e n in su lar E x te n sio n g o ld -------c
T erm in al 1st M 1922 c o v e r in g 8 m to P h oeb u s g . . c
First con sol m tge fo r $ 3 0 ,0 0 0 ,0 0 0 g o ld — .C e .c * &
R ic h . A All D lv 1st A 2d Ms ($ 1 ,0 0 0 ,0 0 0 2 d s )_ C e .c '
P a in t Creek B ran ch 1st M $750,000 g o ld ---------C e .c
10
8
24 X
34
74
10
697
241
26
25
1.394
21
18
D ate
B on ds
Par
V a lu e
1888
1910
1881
1891
1890
1893
1881
1906
$1,000
1,000
1,000
1,000
1,000
500 A c
1,000
500
100
1,000 A c
1,000
1899
1905
1906
1907
1900
1909
1903
1907
1896
1896
1897
1902
1893
1896
1900
1907
1898
1881
1882
1889
1890
1890
1891
1892
1905
1901
1891
A m oun t
O utstanding
1,000
100 A c
1,000
$2,691,000
16,996,000
4 ,987,000
2,500,000
1,062,000
600,000
300,000
150,000
3 ,000,000
11,500.000
279 ,000
120,000
175,000
200.000
262 ,000
1,000 A c
1,000 A c
1,000
1,000
1,000
1,000
800,000
250,000
2,720,000
2 ,380,000
600,000
70,000
1,000
i .666
1,000 fee
1,000
100
1,000
500 fee
1,000
1.000
1,000
1,000
1,000
1,000
500 A c
1,000
R ate
%
W hen
P a ya b le
Last D ividend
and M a tu rity
P laces W here Interest and
D ivid en d s are P a ya b le,
5
4 g
5
4 A 6 g
5 g
3
6 g
6 g
$ 2 ,1 8 5 ,
4 g
iX
4H
4M
4 g
5 g
M A N
A D
J
&
J
J
S
M A
A
J
J
M A N
A
J
J
A
J
J
100 held
C— F
0—M
—F
A A O
A A ()
M A N 15
N ov 1 1912
Ju n e 1 ’ 15-’ 50
J u ly 1 1921
Sep 1 1941
J u ly 1 1920
M ay 1 1923
J u ly 1 1921
Jan 1 1926
b y G rand T ru n
M ay 1 1920
D e c ’ 10-M ch ’ 15
A u g 1911-1916
A p r ’ 1 1 -A p r '17
O ct 1 1950
M ay ' l l - M a y ’ 21
L ib e r ty N at B a n k
N Y
do
do
do
do
do
do
Ir v in g N at E x B k , N Y
F id e lity T rust C o P h lla
B a nkers T ru s t C o, N Y
C olonial T ru st C o P lttsb
k R y o f C anada
Blair & C o N Y ; & B ost
Blair & C o N ew Y o r k
R o y a l T ru st C o M on treal
4
4
5
5
6
5
g
g
g
g
g
y
A
J J u ly
A
J Jan
O ct
A
O ct
O ct
Apr
A A
O ct
A A
J
J
A
o
o
o
120,000 5 (6) g M A N
A
J
6
J
50,000
5
.T A J15
60,000
A
J
J
1,000,000
4 g
A
J
J
1,000,000
5 g
62,798,300 See t e x t . Q — M
A A
2,000,000
6 g
A D
J
142,000
6 g
M A N
27,858,000
5 g
A
J
7 ,000,000
J
4 g
A
J
650,000
J
5 g
S
M A
400,000
5 g
S
4 5 ,914,000
4H g M A
539,000
F A A
4 g
200,000
A A O
5 g
5 g
F A A
339.000
o
N ov
J u ly
J u ly
Jan
J u ly
S ep t
Jan
Jun e
M ay
Jan
J u ly
M ch
M ch
F eb
O ct
Aug
A m er L A T r C o B o s to n
B ankers’ T ru st C o, N Y
1 1953
1 1937
1 1046
11946
1 1947
1 1932
S tan d ard T ru s t C o N Y
E q u ita b le T ru s t C o , N Y
C entral T ru s t C o N Y
G uar T r N Y It earned
C entral T ru s t C o N Y
R ic h T A S D C o R ic h V a
1 1913
15 1916
15 1920
1 1957
1 1023
30 ’ 10 1 X
1 1911
1 1922
1 1939
1 1989
1 1940
1 1941
1 1992
1 1945
1 1915
1 1942
32 N assau St N ew Y o r k
S ta te T r u s t C o , B o s to n
A m e r T r C o B o ston
T ru st C o o f A m e r ic a , N Y
In d efau lt
O ffic e , 71 B r o a d w a y , N Y
J P
M organ A C o, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Cent T r A S D cp C o Cln O
J P
M organ A C o Nf*
C H A T T A N O O G A ST A T IO N C O .— O w ns un ion p assenger s ta tio n op e n e d
A N N U A L R E P O R T . — T h e re p o r t fo r 1909-10 w as In V . 9 1 , p . 804 .
D e c. 1 1909 and a p p ro a ch e s a t C h a tta n o o g a , T e n n ., used b y th e S ou th ern
F a m i n e s from —
190 9-1 0.
190 8-0 9.
190 7-0 8.
R y .. C entral o f G e o rg ia , A la b a m a G reat S ou th ern an d Cln. N . O . A T ex a s
M erch an dise
$ 1 0 ,0 3 1 ,9 8 5
$ 8 ,4 2 2 ,5 9 7 $ 8 ,3 6 8 ,0 5 6
P a cific , w h ich each ow n s o n e -fo u rth o f th e s to c k an d gu aran tees th e b on d s
C oal
________
8 ,0 4 5 ,0 9 7
8 ,1 6 6 ,3 6 9
9 ,0 9 9 .0 1 5
jo in t ly and se v e r a lly , p . & 1., b y en d o rse m e n t.
R e n ta l co v e rs b o n d Interest
P assen gers " I I I " _____________________
4 ,5 2 3 ,6 2 3
4 ,2 5 3 ,9 2 0
4,2 8 2 ,7 0 4
an d 4 % o n s t o c k .— (V . 84, p . 50.)
1 ,2 5 0 ,8 0 6
1 ,2 2 5 ,3 9 2
1 ,4 3 4 ,6 3 9
M all, ex p ress, A c _____________________
C H E R R Y V A L E O K L A H O M A & T E X A S R Y . — (V . 9 1 . p . 870.)
T o ta l o p e r a tin g r e v e n u e ____________ $ 23 ,851 ,51 1 $2 2 ,0 6 8 ,2 7 8 $ 2 3 ,184 ,41 4
N et e a r n in g s ____________________________$ 1 0 ,5 8 3 ,0 2 8
$ 9 ,507,761 $9,9 1 7 ,8 4 8
C H E S A P E A K E & O H IO R Y . — [See M a p . ) — O perates fro m N e w p o rt
O th er In c o m e ____________ ______________
4 ,6 0 9 ,1 9 2
1 ,4 2 7 ,4 5 3
1 ,6 3 5 ,2 2 9
N e w s .V a ., and W a s h ., D .C ., to C ln ..O .. nnd L o u ls v ., K y ., w ith bran ch es.
T o t a l net In c o m e _____________________ $ 1 5 ,1 9 2 ,2 2 0 $1 0 ,9 3 5 ,2 1 4 $1 1 ,5 5 3 ,0 7 7
Controlled by stock—
M lie s .
L in es owned in fee —
M iles
In teres t on d e b t . ........................
- ..$ 2 ,7 4 6 ,0 8 3
$ 2 ,8 3 4 ,4 3 4 $ 3 ,021,183
2
F t .M o n r o e ,V a .,t o C o v in g t o n ,K y .663 B rid ge— C o v ln g to n -C In cin n a tl .
R e n ta ls p a id ________________________ .
2 ,1 6 7 ,3 1 4
2 ,4 9 5 ,0 2 0
2 ,3 4 2 ,6 9 6
----------------------------30
V
irgin
ia
A
ir
L
in
e
R ich m o n d via L y n c h b u r g ,t o Clif
T a x e s _______________
1 ,174,924
1,0 6 7 ,7 7 2
1 ,065,726
L in es leasedton F orge, V a ___________________ 230
R en ew a l fu n d s, A c _____________
4 ,0 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
2 ,3 0 0 ,0 0 0
“1
B ranches In V a . an d W . V a ______ 532 S u n d ry bran ch es lea sed ------------D iv id e n d s .......... ....................
(12 )3 ,2 9 2 ,4 1 6 (8 )2 ,1 9 4 ,0 0 0 (8 )2 ,1 9 4 ,0 0 0
84
D e n to n , K y ., to L e x in g to n ______ 103 Trackage to L o u is v ille ------------ - B a la n ce , s u r p lu s _____________________ $ 1 ,8 1 1 ,4 8 3
$34 3,04 4
$62 8,52 9
T ra ck a g e to W a s h in g to n , D .
C . 85
B
ig
S
a
n
d
y
J
e
t.
to
E
lkh
orn
C
ity
,
— (V . 90, p . 502 , 697 , 976 , 1296, 1612, 1675; V . 91, p . 93, 79 0 , 864.)
31
w ith b ra n ch ______________________128 O th er tr a c k a g e __________________
C E N T R A L R R . OF P E N N S Y L V A N I A .— S ee p a ge 165.
^ ra n ch es In K e n t u c k y ____________ "5
T o ta l system Jun e 30 1 9 1 0 .-1 ,9 3 9
S e co n d track (338 o w n e d )______ 437
C E N T R A L R R . O F SO U TH C A R O L I N A .— O w n s fro m L a n e , S . C ., t<
S u m ter. S . C ., 40.2 m iles; sp u rs, & c ., 1.61 m .; to t a l, 41.81 m .
L eased t<
A lso c o n tro ls H o ck in g V a lle y , 350 m .1 C lics. & O h io R y . o f I n d ., 284 m .,
A tla n tic C oa st L in e R R .; rental $ 31 ,000 y e a r ly and ta x e s .
S t o c k , $170,
an d K an aw h a & M ich , ( jo in t ly w ith L a k e S h o r e ), 176 m .; also o w n s o n c 000; p a r, $5 0 . In 190 8-0 9, re n ta l, $ 31 ,000 ; gen eral e x p e n se s, $255; ln t.
s lx th Interest In th e R Ic h m o n d -W a s h In g to n C o.
$18 ,000 ; d lv s . ( 7 .6 % ) , $ 12 ,920 ; b a la n c e , d e fic it, $ 17 5.— (V . 6 4 , p . 887.)
H I S T O R Y , A c .— In 1888 reorgan ized w ith o u t fo re clo s u re . T h e s t o c k
C E N T R A L R Y . O F SO U TH C A R O L I N A .— ( V . 8 2 , p . 927.)
h olders v o te d O c t . 19 1909 t o purch ase th e C oal R iv e r , R a le ig h A
C E N T R A L V E R M O N T R Y .— O perates fro m R o u s e ’ s P o in t , at north end
S ou th w estern an d V irginia A ir L in e ra ilw a y s .
V . 89. p . 720In Jan.
1909 a sy n d ica te h ead ed b y E d w in H a w le y a cq u ire d a b o u t $2 4 ,0 0 0 ,0 0 0
o f L a k e C h a m p la in , to N ew L o n d o n , C o n n ., w ith b ra n ch e s , 536 m iles In all
s t o c k , g ivin g th em v irtu a l c o n tr o l
V . 88, p . 294 . O w ns $ 7 ,5 0 1 ,8 0 0 o f
o f w h ich 160 m iles lea se d , v iz .; N ew L o n d o n A N o rth e rn (see th a t on >,
th e $1 1 ,0 0 0 ,0 0 0 H o ck in g V a lle y co m m o n s t o c k , In clu din g $ 6 ,3 4 7 ,8 0 0 a c
121 m .; M ontvIUe B ra n ch , 3; W e s t R iv e r R R . , 36 m . V . 68, p . 1076.
qu ired In M ch . 1910; also $ 4 ,0 2 7 ,1 0 0 o f th e $ 9 ,0 0 0 ,0 0 0 K a n a w h a & M ich i
S E C U R I T I E S , A c .— T h e G ra n d T ru n k R y . h o ld s $ 2 ,1 8 5 ,1 0 0 o f th e $3.
gan s t o c k , th e L a ke S h ore p u rch asin g th e sam e a m o u n t.
V . 90, p. 771 ,
000 ,0 0 0 s t o c k , and u nd er a tr a ffic c o n t r a c t w ill m a k e g o o d a n y d eficien cy
8 4 9 ,9 7 7 ; V . 9 1 . p . 8 0 2 .
In Ju n e 1 9 1 0 th e C h ic. C ln. & I .o u ls v . (284 m iles,
In earn in gs to m eet Interest o n the new firsts u p to 3 0 % o f G rand T runk
ln cl. 18 m iles track age) w as a cq u ire d a t fo re clo su re sale, th e Ches. & O hio
gross receip ts fro m t r a ffic In terch an ged.
F o rm o f g u a r a n ty , V . 8 5 . p . 283.
R R . o f Indian a being In corp ora ted In J u ly 1910 to tak e o v e r th e r o a d . Its
Central V e rm o n t T r a n sp o rta tio n g u aran teed 5 % b o n d s , V . 88, p . 1252.
entire S 3,000,000 s to c k and $ 8 ,2 0 0 ,0 0 0 bon d s to be ow n e d an d held In
E A R N I N G S .— 12 m o s ., 11 9 0 0 -1 0 ........... G ross, $ 3 ,8 0 0 ,9 5 7 ; n e t, $938,828
treasu
ry o f Ches. A O h io R y .
T h e earnings o f th e In d ia n a c o m p a n y a r c In
J u ly 1 t o Ju n e 3 0 .
\ 1 9 0 8 -0 9 ............ G ross, 3 ,4 9 7 ,2 7 4 ; n e t, 832 .5 4 7
clu d e d w ith th o se o f th e C . A O . sin ce J u ly 1 1910. V . 90, p . 1675: V . 91,
Y ea r—
Cross.
N et.
Other In c .
Charges. D al. ,Sur.
p . 93, 214 , 802.
1 9 0 8 -0 9 .............$ 3 ,7 9 5 ,3 3 2
$69 3,16 4
$ 22 ,980
$71 3,02 7
$3,117
O F F I C E R S .— P r e s ., Charles M. H a ys; Clerk an d T r e a s ., W . H . C h alice
S T O C K .— A u th o riz e d s to c k w as Increased to $10 0 ,0 0 0 ,0 0 0 A p ril 28 1910
S t. A lb a n s , V t .— (V . 8 7 , p. 1009; V . 8 8 , p. 1252; V . 8 9 , p. 1223.)
to p ro v id e fo r co n v e r tib le featu re o f new b o n d Issue. See B O N D S b elow .
C H A R L E S T O N T E R M I N A L CO.— R O A D .— O w ns term inal ro a d In
D I V I D E N D S .— 1899 to 1908, b o th Inclu sive, 1 % y e a r ly .
In Ju n e 1909,
C h a rles ton , S. C ., 5.02 m iles; tra ck laid w ith 6 0 -lb , steel.
1 % (q u a r .); S e p t., 1 % ; D e c., 1 % ; 1910, M ch ., 1 % ; Ju n e, 1 M % ; S e p , 1 X % C o m p a n y also ow n s 14 w h a r v e s , 30 w are h o u se s, a b o u t 30 acres o f la n d ,
B O N D S .— A b s tr a c t o f co n s o l, m tg e . o f 1939 In V . 49, p . 147; V . 86, p .
4 c o t to n co m p re s se s . A c ., on the c it y ’ s w a te r f r o n t , these be in g c o n n e c te d
1588; o f R ic h m o n d A A lle g h e n y m tg e s .. In V . 51, p . 144.
b y Its o w n r o a d w ith th e o th e r railroads en terin g the c it y . V . 77, p . 298,
T h e general m ortgage o f 1892 (Central T ru st C o. an d H . T . W ick h a m ,
148. S t o c k , $20 0 ,0 0 0 , o w n e d Jointly b y A tla n tic C oast L in e R R . and
trustees) Is fo r $ 7 0 ,0 0 0 ,0 0 0 , bu t a d d itio n a l a m o u n ts a t $25 ,0 0 0 per m ile m ay
Sou th ern R y . .w hich agree to m ake g o o d a n y d e ficie n cy In Interest on b o n d s .
b e Issued fo r d o u b le -tra ck in g . S ec full a b s tr a c t o f m o rtg a g e In V . 54, p.
E A R N I N G S .— G ross, y ear e n d in g Ju n e 30 1908, $19 4,20 9; net In com e.
644.
In J u ly 1910 $3 1 ,1 3 1 ,0 0 0 w ere reserved to retire u n d e rly in g b o n d s.
$ 70 ,377 ; Int. and ta x es, $ 44 ,852 ; b a l., s u r ., $ 2 5 ,5 2 5 .— (V . 7 7 , p . 146.)
T h e general fu n d in g and Im p ro v e m e n t m tg e . (lim ite d to $30 ,0 0 0 ,0 0 0 )
fu n d ed $7,5 0 0 ,0 0 0 notes and w ill p ro v id e fo r fu tu re requ irem en ts fo r e x ten C H A R L E S T O N U N IO N ST A T IO N C O .— O w ns passenger sta tio n at
slon s, Im p rovem en ts, e q u ip m e n t, & c. Sec lim ita tion as to Issue und er
C h arleston , S. C ., used b y A tla n tic Coast L ine and Sou th ern R y .. w h ich each
co n v e rtib le Issue o f 1910, b e lo w . V . 87, p. 1663; V . 8 8 , p. 99, 157, 1312.
o w n s on e -h a lf the s to c k and gu aran tees the b o n d s, p & 1. b y e n d o rs e m e n t.
T h e sto ck h o ld e rs v o te d A p ril 28 1910 to au th orize an issue o f $ 37 ,200 ,00 0
R en ta l c o v e r s Interest o n b o n d s an d 4 % o n s t o c k . V . 8 4 , p . 50.
2 0-year 4 H % c o n v e r tib le g o ld b o n d s, o f w hich $ 3 1 ,3 9 0 ,0 0 0 has been s old ,
C H A R L E S T O N & W E S T E R N C A R O L IN A R Y .— P o rt R o y a l, S. C ., via
to p ro v id e fo r p urchase o f m a jo rity s to c k o f H o ck in g V a lle y R y .. h a lf
A u g u sta , G a ., to S p a rta n b u rg . S. C ., 245 m .; b ran ch es t o A n d e rso n and
Interest In m a jo rity s to c k o f th e K a n aw h a A M ichigan , th e a cq u is ition
G reen ville. S . C .. 94 m .; leased , 2 m .; t o ta l, 340 m .
E n tire s to c k and p o r
o f th e C h icago Cincinnati A L ou isville a fte r fo re clo su re sa le, e q u ip m e n t.
tion o f Incom es o w n e d b y A tl. Coast Line C o.
V . 66, p . 38, 335 .
D lv . on
Im p ro v e m e n ts, w o rk in g c a p ita l, fee. S to ck h o ld e rs w ere offered th e prior
In com es, 2 % fo r 1903-04; 3 % for 1904-05; 5 % fo r 1905-06
rig h t to su b scrib e fo r the b o n d s at OS X and Interest.
I he b on d s
S T O C K .— $ 1 ,2 0 0 ,0 0 0 ; p a r, $100. S ee A u gusta T e r m . R y . V . 66, p . 383 .
are redeem able a fte r 1915 a t 102 X and co n v e r tib le a t p ar a t the o p tio n or
E A R N I N G S .— 12 m o s ., (1 9 0 9 -1 0 ..........G ross, $ 1 ,5 7 0 ,4 3 2 : n e t, $404,023
th e h o ld e r Into s to c k betw een M ay 1 1911 and F e b . 1 1920. A n y ruture
J u ly 1 to Ju n e 30.
\ 1 908-09_____ G ross, 1 ,4 1 0 ,0 2 9 : n e t, 3 38 ,719
m o rtg a g e on lines o w n e d In 1910 m ust secure e q u a lly the c o n v e r tib le 4 L$s
R E P O R T .— For y ea r e n d in g Jun e 30 1909, gross, $1,4 1 0 ,0 2 9 ; n e t (b e fo re
an d m ust p r o v id e th at so lo n g as a n y c o n v e r tib le b o n d s rem ain o u t (1) the
t a x e s ). $33 8 ,7 1 9 , a gain st $26 2,50 5 In 1907-08. In 1907-08, gro ss, $ 1 ,4 0 8 ,
Issue o f general fu n d in g and lm p t. b o n d s shall be lim ited to the $ 11 ,000 ,00 0
139; n e t, a fte r ta xes, $ 19 1,63 2; o th e r I n c ., $23 ,357 ; ln t. o n b o n d s , $ 17 2,00 0;
alre a d y Issued and (2) th a t no p re f. s to c k shall be Issued an d n o s to c k d iv i
hire o f e q u ip m e n t, A c ., $30 ,114 ; su rplu s, $ 3 ,8 7 4 . P r e s ., J . B . C le ve la n d ,
d en d be d is trib u te d .
V . 90, p . 771 , 848- V . 91, p . 87 0 , 9 4 o .
S p a rta n b u rg , S . C .; S e c ., R . D . C r o n ly , P e te rsb u rg , V a .— ( V . 7 3 , p . 1207.
L ou isville & Je/Jersonville B r id g e.— See se p a ra te sta te m e n t fo r th a t c o .
C H A T E A U G A Y & L A K E P L A C ID R Y .— (S ec M a p D e l. A H u d so n .) —
O f the G reenbrier R y . 4s o f 19 0 0 , gu aran teed prln. and ln t ., and assum ed In
O perates from P la tts b u rg , N . Y . , to Lake P la cid . 80 m iles, o f w h ich P latts1903-04, $1,0 0 0 ,0 0 0 are reserved fo r e x te n sio n s and Im p ro v e m e n ts. See
bu rg to D a n n em ora , 16 m iles, Is leased fro m S tate o f N ew Y o r k fo r $1 and
g u a ra n ty , V . 72, p . 626; see also V . 7 1 , p . 554, 602; V . 7.1, p . 915 . O f the
free tra n sp orta tion o f fre igh t to the S ta te ’s Prison at D an n em ora.
B ig Sandy 4s o f 19 0 4 , rem ain in g $ 229,000 Is reserved fo r e x te n sio n s. V . 7 9 ,
S t o c k , $ 3 ,4 5 0 ,0 0 0 . o f w hich $ 3 ,000,000 Is 4 % p r e f., the latter all ow n ed
p . 917; V . 8 2 , p . 297; V . 87. p . 225 . 414 . 1418.
G u a r a n ty , V . 8 1 , p . 668 .
by D. A H .
V . 84, p. 50.
L eased to the D elaw are & H udson until D eo.
O f the $ 3 ,0 0 0 ,0 0 0 Coal R iver 4s o f 1905, $ 5 5 0,00 0 Is reserved fo r e x te n
31 2403, a n y b alan ce o v e r expen ses o f o p e r a tio n , Interest, ta x e s, m ain
sions and Im p ro v e m e n ts. V . 80, p . 2219; V . 83, p . 693; V . 89, p . 720 .
ten an ce, d a m a g es, d iv id e n d on p re f. s t o c k , A c ., to g o t o the lessor. T h e
P a in tC reek B r. 4s $21 1,00 0 reserved fo r e x te n s io n s . V 8 1 , p. 97 4 . 910.
lease Is s u b je c t to revision at 5-year Intervals s 'n ce Ja n . 1 1908 on request o f
R aleigh & Southwestern 4s, V . 84, p . 1114: V . 8 9 , p . 720 .
eith er p a r tv .
V . 81, p . 613. T h ere are also $24,000 S aran ac A Lake P lacid
C ar Trust S eries 4 % Gold ( D en om ination $1,000 each).
2d 5s due N o v . 1 191 3.— (V . 81, p. 613; V . 84, p . 50, 930.)
M a tu re in Installm ents.
O utstand ing.
D ale
C H A T T A H O O C H E E & G U L F R R .— C o lu m b ia , A la ., t o F lo ra lla , 92 m .
A u g . 1911
L a st In stallm en t.
“ A”
1901....................................$100,000
L E A S E .— Leased In 1900 In p e rp e tu ity to C en t, o f G eorgia R y . fo r 6 % on
A u g . 15 1012 L a st In stallm en t.
200 ,0 0 0
“ B”
190 2.................
$436,400 s tock and $325,000 b o n d s, o f w h ich 1% to be used as a sinking
M
ch
'1
1
S
e
p
t
.’
12
50,000 s .a .
"
C
”
1902..................................
200
,000
fu n d for retirem ent o f b o n d s, u p on co m p le tio n o f w h ich rental will be 5 % on
A u g. '1 1 -A u g ’ 13 200,000 y r ly .
"D ”
1903.................................
600 .000
s t o c k , p a y a b le J -J . See C en t, o f G a. R y . — (V . 8 1 , p . 1722; V . 87, p . 1663.)
D e c. ’ 1 0 -D cc. '13 50.000 s .a .
190 3.................................. 350 ,000
"F ,”
IS C H A T T A H O O C H E E V A L L E Y R Y .— S ta n d in g R o c k . G a . via W . P o in t, to
D e c. '1 0 -D e c . ’ 14 3 5 .000 s .a .
” F”
1904.................................. 315 ,000
Jester, A la.. 32.5 m . S to c k a u th ., $ 1 ,000,000 : Issued, $11 0,00 0; p a r . $100.
A p r. '1 1-A pril '1 5 90 000 s .a .
“ C.”
1905.................................. 8 10 ,000
B o n d s , see ta b le a b o v e .
F o r y e a r 190 9-1 0, gro ss, $97 ,7 4 9 ; net a fte r ta x e s ,
A p r. ’ l l A p r i l ’ 16 80.000 s .a .
’’ H”
1906.................................. 8 8 0 .0 0 0
$ 35 ,082 ; Interest on b o n d s, $12 ,2 7 1 .
D e c. ’ 10-Jun e '16
50.000 s .a .
"I”
190 6..................................... 600,000
Feb. ’ 11 A u g. '1 6 95.000 s .a .
C H A T T A N O O G A S O U T H E R N R R .— O w ns ro a d fro m T en nessee S tate
*‘J ” 190 6...................................... 1.140.000
A p r. 15*11 O c t .’ 16 8 0 ,000 s.a .
line to G ad sd en , A la ., 87 m .; R o u n d M t. b ra n ch , 3 m .; tra ck a g e to C h atta ’ ’ K ” 1 90 6..................................... 9 60 ,000
Ja n . ' 11-Jan. ’ 17 1 13.000 s.a .
n o o g a , 5 m iles. V . 61. p . 83 0 . S o ld at a u c tio n J u ly 15 1910.
An a g re e ’ ’ L ” 1907......................................1,459,000
F e b ’ l l - F e b . '1 7 112,000 s.a .
" M ” 1907 .
1 ,456.000
m en t has been m ad e w ith th e R o m e & N o rth e rn , R o m e to G o re , G a ., 18 m .,
T o M ay 1 1915
“ M . R . C o ” 1 9 1 0 ....................220,000
u n d er w h ich th e C h att. S o u th , w ill bu ild fro m B r o n c o , G a ., to T r io n , 8 m .
As co llateral T o N o v 18 1911.
an d th e R o m e A N orth e rn fro m G ore t o T r io n , 9 m ., th e en tire R o m e A
M erc. T ru st C o . 1 9 1 0 -. ____ 2 ,1 7 0 .0 0 0
---------------,,
N on e o f th e C. & O . e q . c o r p . n o te s, scr. A A B ( 5 % ) , w ere o u ts ta n d in g
N orth ern line to be used u n d er lo n g -te rm tra ck a g e a g re e m e n t.
An e x te n
s ion . It Is s ta te d , is to be bu ilt later fro m R o m e so u th t o H o e k m a rt, 16 m iles,
In J u ly 1910.
,
' ..
Interest paid se m i-an n u ally as In dicated b y m a tu rity d a te :
A
and
co n n e c tin g w ith S ea b oa rd Air I.tne. V . 9 1 , p . 336 .
Y e a r 1908-09, gross,
“ B ” at C.trard T ru st C o .. P h lla .: ” C ," ” E ” and " F ” at o ffic e o f Illalr A C o ..
$ 8 0 ,5 7 8 : d e f. o p e r ., $ 4 2 ,6 8 4 . P r e s ., N ew m an E rl).— (V . 91, p. 336 .)
RAILWAY STOCKS AND BONDS.
Oct.. 1910.]
M ile s
Road
D ate
B on ds
Par
V a lu e
A m ou n t
O utstanding
1900
1904
1906
1905
1906
1909
1910
$1,000
1,000
1,000
1,000
1,000
1,000 A c
1,000 A c
$ 1 ,9 0 2 ,0 0 0
4,7 1 0 ,0 0 0
600,000
2 .450,000
7 50 ,000
11,000.000
3 1 ,390,000
4 g
4 g
4 g
4 g
4 g
6 g
4M g
1888
E lev a tor Co first m ortg a ge gold p & I g u a r ____ Ce.c*
1,000
820 ,000
___ 1888
S econd m tge lo r $50 0,00 0 Incom e n o n -c u m ____ c*
1,000
450 ,500
__
1805
Louis & Jell B d g 1st M $5,0 0 0 ,0 0 0 gu p A 1 e n d - . c *
1,000 a 4 ,500.000
__
1898
N orfolk Terra A Tran s 1st M (V 67 p 322) guar p A 1
1,000
500,000
___ 1905
W estern P o c a h o n ta s C orp 1st II (V 84 p 9 0 5 ) _____
1,000
750 ,000
___ 1906
do
do
do
E x te n sio n N o . 1 . .
1,000
114,000
___ 1906
do
do
do
E x ten sion N o. 2 . .
51 .000
1,000
1M 3
1000 Ar
R lc h m o n d -W a s h ln g to n Co (o n e -six th I n t e r e s t ) ------9,5 0 0 ,0 9 0
262 1910
d i e s & O R y o f In d — 1st M S 4 0 ,0 0 0 ,0 0 0 a u th rcd p a rA 1 c
8 ,2 0 0 ,0 0 0
1,000
___ 1902
H o o s lc r ecpilpm ent 1st M Series A assum ed — . BB
1,000
100.000
_ _ 1903
ChC A L E q u ip m en t trusts assum ed p a rt $ 3 0 ,0 0 0 y ly
00,000
1 .000
Ch C A L m iscellaneous eq u ip m e n t trusts
--------------264 ,982
27 1896
C h esapeake W estern —O <3c VV R R 1st it g o l d - - - - - - N
500 A c
666,000
C hesapeake W estern R y m tge $ 1 ,4 3 5 ,0 0 0 g — O q .c *
41 1901
1,4 19,000
1,000
36 1905
C h esterfield & L a n ca ster— 1st M $750,000 g o l d .- K .c *
1,000
176,000
4
Chestnut Mill R R —Stock rental P & R R y ............. ..
195,650
50
C h ica g o & A lton R R — C om m o n s t o c k ---------------------100 19,542,800
P referred s tock 4 % n o n -c u m u la t lv e -------------------------100 19,544,000
4 % cu m u la tiv e part an d prior lien s t o c k ---------------879,300
100
Chic & A lton R R (old) ref M g (see t e x t ).I C .x c * A r*
889 1899 1 ,000 A c 4 5 ,3 5 0 .0 0 0
First lien (old R y .) \f s u b je c t to call at p a r_ _ F .c& r
943 1900 1,000 &c 2 2,000,000
D eben tu res $ 2 ,0 0 0 ,0 0 0 a u th o riz e d , s u b je c t to cali.Ce
1907
1.666,000
I m p t and e q u lp t M $ 1 8 ,0 0 0 ,0 0 0 red 107 }$ a ft 1915
All 1910
1,000 As co lla r .
Secu red gold n otes c o n v e r t red t e x t ................................
1910
2,5 0 0 ,0 0 0
__
___
J o in t equ ip n otes ($ 0,500 due s-a) (V 76 p 47) —
1,000
47,500
__
C A A E q Assn cts Ser A H & C g gu $1 50.000 s - a . .Ale
1,000
1905
1,352,000
do
do
Ser D g gu due $113,000 s - a ..A le
1900
1 ,000
1 356.000
1.000
do
do
$82 ,0 0 0 Ser E d u e s -a ..................Ale
1.312,000
1908
___ 1909
1,000
do
do
Ser F $ 1 3 ,0 0 0 d u c 8 a __________
.
212 ,000
____ 1910
do
d o S er G gu red 101 d u e $72 ,0 0 0 an P cP c*
722,000
1,000
a u u a r anteed
Jolntl y and sc v cra lly w ith
4 g
4
4 g
5
41$
41$
41$
4 g
5
5
5 g
4 & 5
5 g
4 g
5 g
6
S e c text
4 III I'./IO
See text
3 g
31$ g
5
5
5
4
4 <5c 5 g
4 g
4H g
41$
5 g
C levelan
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v i a t i o n s , <fee., s e e n o t e s o n f i r s t p a g e ]
C h esapeake & O hio— (C on clu d e d )
G reen brier R y 1st M $3,0 0 0 ,0 0 0 g a s s u m e d ..- T a .c
B ig S a n d y R y first m tge $ 5 ,0 0 0 ,0 0 0 g o l d ____ C e .c
P o tts Cr Ilr 1st M $ 1 ,0 0 0 ,0 0 0 a u t h ( V .8 3 ,p .6 9 3 )Ce c*
Coal R iv e r 1st M g a s s u m e d ___________________C e.c*
R a le ig h & S ou th w 1st M $ 1 ,5 0 0 ,0 0 0 g a s s u m e d . .C e
G en Id & im p M $ 3 0 ,0 0 0 ,0 0 0 red ^ H . U s m . x c ' A r *
C on vert gold b on d s $ 37 ,200 ,00 0 red t e x t . U sm xc* A r
100
85
20
63 M
. . .
R ate
%
When
P a yable
M
J
J
J
J
.1
F
A
A
A
A
A
A
A
N
1)
J
D
J
.1
A
Last D ivid en d
and M a tu rity
N ov 11940
Jun e 1 1944
J u ly 1 1046
Jun e 1 1945
J u ly 1 1936
Jan 1 1920
F e b 1 1930
Places W here Interest and
D ivid en d s are P a yable
J P M organ A Co N Y
do
do
do
do
do
do
do
do
do
do
G u a r a n te ed lio n d s
C H E S A P E A K E & O H I O R Y . (C o n c l u d e d ) .
N . Y .; “ D ,” " G ” and " H ” at F id elity T rust C o ., P h lla .; " I , ” “ J , ” “ L ”
and " M ” at lllalr A C o .: " K ’ at G u a ra n ty T ru st C o.
F I N A N C E S .— In M ch . 1010 $ 3 1 ,3 9 0 ,0 0 0 4 } $ % co n v e r tib le b o n d s w ere
old t o a cq u ire c o n tr o l o f H o ck in g V a lle y R y . an d fo r o th e r pu rp oses. See
l i o n d s a b o v e a n d V . 90, p . 771.
In A u g . 1910 filed agreem en ts to secu re
$ 4 ,8 0 0 ,0 0 0 C. & O . E q u ip . C o rp . o n e -y e a r 5 % n otes d a te d J u ly 1 1910.
V . 91, p . 396. In Jun e 1910 th e d iv id e n d ra te w as Increased fro m 4 %
to 5 % .
E A R N I N G S .— 2 m o s ., 1191 0.............G ross, $ 5 ,6 3 8 ,0 2 3 ; n e t, $2,1 0 6 ,7 3 2
J u ly 1 to A u g . 31.
J 1909_______ G ross,
5 ,0 5 2 ,6 0 2 ; n e t,
2,0 8 8 ,5 7 6
In clu d es C. & O . R y . o f I n d ia n a , 284 m iles. In 1910.
A N N U A L R E P O R T .— Fiscal y e a r en ds J u n e 30. A n n u a l m eetin g is held
a t R ic h m o n d on th e T u e sd a y p re ce d in g th e last T u e sd a y In O cto b e r .
R e
p o r t fo r 1909-10 w as given at len gth In V . 91, p. 786, 802; e d ito ria l, p. 763.
Y ear ending J u n e 30—
1909-10.
190 8-0 9.
1907-08.
M iles o p e r a t e d .......... ...............
1,937
1,897
1,841
$ 4 ,4 8 2 ,0 0 4 $ 5 ,1 2 0 ,5 2 9
P a ssen ger ea rn in gs_____________________ $ 5 ,0 0 2 ,2 0 5
F r e i g h t ________________________________ 2 4 ,9 0 1 ,2 0 0
2 0,885,511 19,571,609
E x p ress, m all and m iscella n e o u s____
1,333,764
1,263,201
1,151,134
T o ta l ea rn in gs.......... ............................... $ 3 1 ,2 3 7 ,1 6 9
O p era tin g ex p e n s e s .......... . ........................ 18,9 3 6 ,6 9 9
$ 2 6 ,6 3 0 ,7 1 7 $ 2 5 ,8 4 3 ,2 7 2
16,3 6 6 ,8 3 7
17,1 8 6 ,7 4 7
N e t ea rn in g s _______________
O th er in c o m e ................
$ 1 0 ,2 6 3 ,8 7 9
708 ,863
$ 8 ,6 5 6 ,5 2 5
702 ,832
T o ta l n et In co m e ..............
$ 1 3 ,4 6 1 ,8 3 5 $1 0 ,9 7 2 ,7 4 3
$ 7 ,1 8 3 ,4 1 6
In terest on b o n d s, ren tals, A c _________ $ 6 ,2 9 7 ,6 0 5
T a x e s ___________________________
873 ,744
8 0 1 ,6 0 0
E x tr a o r d in a r y ex p e n s e s _____ _________
_______
2 12 ,449
D iv id en d s _____ ___________________ (4 y ,) 2.6 6 8 ,6 1 7 (2 )1 .2 5 5 .8 1 4
$ 9 ,419,357
$6,8 6 8 ,5 1 0
791,060
634 ,327
(1)6 2 7 ,9 0 7
$12 ,3 0 0 ,4 7 0
1,1 6 1 ,3 6 5
B a la n ce, su rp lu s..................................... $ 3 ,6 2 1 ,8 6 9 $ 1 ,5 1 9 ,4 6 4
$497,553
O F F I C E R S .— P res., G eorge W . S te v e n s , R ic h m o n d . V a .: 1st V . P ..
D eca tu r A x te ll; V .- P s ., C. E . D o y le , I I . T . W ick h a m and I*'. M . W h ita k er;
S e c .-T r e a s ., Jam es S teu art M a c K le : C o m p ., L . I1’. S u lliva n .
D ire cto rs — F ran k T ru m b u ll, C h airm an; E d w in H a w le y , Frank A . V a n d e r llp . T . P . S h on ts, II. E . H u n tin g to n , F . W . S c o t t , D eca tu r A x te ll,
G eorge W . S teven s an d Jam es H . D o o le y .
N . Y . o ffic e , 71 B ro a d w a y .—
(V . 90, p. 1362; V. 91, i). 153, 214, 393 . 396. 78G, 602, 870, 945, 1095.)
C H E S A P E A K E & O H I O R Y . O F I N D I A N A . — O w ns C in cinnati, O .. to
In dlan a-U Iln ols S tate L in e, 261.66 m iles; leases H a m m o n d B elt R y ., 3.04
in .; track age rig h ts, 19.97 m .; to ta l o p e r a te d , 284 .67 m iles. I n c o r p . In
In d ia n a J u ly 2 1910 as successor to C h ic. Cln. A L o u ls v . R R ., sold in fo re
closu re Ju n e 23 1910 to Interests Identified w ith the C h cs. A O h io . V. 91,
p . 93, 37; V . 90, p. 1675, 1424, 1362. S to c k a u th . $ 3 ,0 0 0 ,0 0 0 and b o n d s,
$ 4 0 ,0 0 0 ,0 0 0 , d a ted J u ly 1 1910 (presen t Issue $ 8 ,2 0 0 ,0 0 0 ), all ow n ed b y
C h cs. A O h io.
E arn ings sin ce J u ly 1 1910 are Inclu ded w ith those o f C h cs.
A O h io. V . 91, p. 802. S u it, V. 91. p . 8 7 0 .— (V . 91, p. 870.)
C H E S A P E A K E W E S T E R N R Y . — O w ns N orth R iv e t G a p , V a .. to
B r id g e w a te r , 1-1 in .; leases fo r 1)9 years from M ay 1 1902 C h esapeake A
W estern R R .. B ridgew ater to E lk to n , 27 m .; t o ta l. 41 m . P r o je c te d to tid e
w ater on C hesapeake B a y , and w esterly Into W est V irginia re a l fields <>f
w hich 14 m ., from B ridgew ater t o N o rth R iv e r G a p . Is co m p le te d . In 1908
all the s tock and b on d s w ere a cq u ire d b y W . E . D. S t o k e s . V . 8 6 , p . 1041.
S to c k a u th u ilz e d , $ 5 9 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 1 ,4 1 9 ,6 0 0 ; o f w hich $ 6 0 8 .
400 Is preferred. C h ts. A W e s t. R R . has $53 3,50 0 c o m m o n and $31,300
p r e f. s to c k ou tsta n d in g . C. VV. R y . rn tce . o f t o o l V 73 p 899 1356.
Y ea r en d in g June 30 1909 (41 m ile s ), gro ss, $80,011; n e t . $ 13 ,982 ; o th e r In
c o m e , $34,125; ln t. on b on d s. $56,760 (n o t p a id ); ta x e s and ren tals, $38 ,189 ;
b a l., d e f.. $46,842.
P r e s ., W . E . D . S to k e s , T h e A n s o n la . N . Y .; T r e a s .,
W . H . H a ll.— (V . 78, p. 2383; V . 86, p. 980, 1041, 1284.)
C H E S T E R F I E L D & L A N C A S T E R R R . — O w n s C h e r a w , S. C . , to P agela n d , 38 m iles, an ex ten sion o f 18 m . from R u b y to w a rd s L an caster being
c o m p le te d July 1907.
B on ds (lim ited to $ 7 5 0 0 0 0 ) are Issuable at $5,000
per m ile.
V 81 , p. 1790. T h ere w ere June 3 " 1in*8 *R7 non d eben tu re 6s
o u ts ta n d in g . S to c k , $50 0 ,0 0 0 , a m a jo r ity be in g acqu ired In Jun e 1909 b y
the S ea b oa rd A ir Line R y .; par. $25.
F or y e a r en din g Ju n e 30 1910, gross,
$ 7 0 ,9 8 4 ; n et, $33 ,8 6 6 .
In 1 9 0 8 -0 9 ,3 ro s s , $ 54 ,247 ; n e t, $ 19 ,949 ; charges (?).
P r e s ., L . G . H aas; T r e a s ., R . L . N u t t.— (V . 89, p . 40.)
C H E S T N U T H I L L R R . - O w ns from G e rm a n to w n to C h estn ut H ill, P a .,
4 m .; b ein g d ou b le-tra ck ed M ay 1902.
R e leased In 1896 to P h lla . A R e a d .
R y ., the rental being redu ced from 1 2 % to 6 % on s t o c k , the latter being
Increased In J line 1902 from $12 0,65 0 to $ 1 9 5 ,6 5 0 .— (V . 75, p . 76.)
C H I C A G O & A L T O N R R . — ( S e e M a p I o n d o S t L o i n s <fe W e s t e r n .) —
R O A D .— C h icago to St. L ou is, K ansas Cut . A c In ill 098 m ile*.
R oad ow n ed —
M ile s
Road owned—
M ile s .
C h icago to East S t. L ou is. I ll------ 280 M e xico Mo . to Cedar C ity , M o . . 50
S herm an, I I I .,to G ro v e , 111............ 51 R o o d h o u s e . 111., to K an . C ., M o . .251
Eldretl to B a rn e tt___________
49 B lo o m in g to n to W arm , via J a c k
s o n v ille , G o d fre y and U pper
C oal C ity L in e, Ind — ................
27
A lto n (all In I llin o is )....................158
D w ig h t, 111., to W a sh in gto n and
L a co n , I I I . . . ...........................
81 T r a c k a g e to P e o ria , III., A c ---------- 17
lies to M urrayvllle, III..........................34 I
T o ta l ow ned an d op era ted J u ly 1 1909 (210 m . d o u b le t r a c k e d ).............998
A ls o op era tes Jointly w ith C le ve . Cln. Chi. A S t. L . from W ann to Fast
S t. L o u is , 18 m ., and w ith A t c h . T . A S. Fe fro m J o lie t to P c q u o t, 20 m .
T h e s to c k o f the P eoria R y . T erm in al C o. Is o w n e d b y the C h icago A A lto n
and C h ic. R . I. & P a c. R y ., w hich g u a ra n te e the first m tg e . bon d s ($ 1 ,5 0 0 ,
000 a u th . Issue) and $280,000 2d m tg e . b o n d s.
V . 8 1 . p . 1099; V . 8 3 .
p . 752 . 1171, 1291: V . 84, p. 451; V . 8 5 . p . 159.)
In O ct. 1910 a cq u ired the T o lu c a M a rq u ette & N o rth e rn R R ., R u tla n d
to M c N a b b , 111., 20.8 m iles; M cN a b b to w a rd G ra n ville, III., 4.28 in .;
B roa d u s to H en ry, 111., 5 m ., A c ., t o ta l, 31 m iles.
V . 91, p . 1024.
O R G A N I Z A T I O N .— T h e (o ld ) r a i l w a y c o m p a n y w as organized in ,vpn|
1900 and pnrcfiaserl vtd sta n tla lly all lire sto ck ■ M ho C h ic A l i t 1 it R n lb c a d .
T h e t w o w ere co n s o lid a te d In 1906 p er plan V . 82, p. 451 , the R a ilw a y
ch a n g in g Its nam e t o the C. A A . R a i l r o a d .
V . 82, p . 160; V . 70, p. 686, 995.
A
M
F
F
K
A
1
J
J
J
A O O ct 1 1938
3ct 1
O ct 1 1988
A
S M ch 1 1045
A A Feb 1 1948
A A A u g 1 1945
A A A u g 1 11)45
& O O ct 1 1946
A 1 1 'tie 1 1943
A
J J u ly 1 I960
A
J J u ly 1911-1912
A 1) T o Jun e 1913
A A u g 1 1945
O O ct 1 1951
A A u g 1 1955
J— M
S e p t G 1910 1 F.
F A A F eb 1 5 1 0 2 ’
A
J
J •Tilly 15 1910,2?1
A
J
J J u ly 15 ’ 10, Z°A
A A O O ct 1 1949
A
J
J J u ly 1 1950
A 1) J u n cl 1922
J
M A
Mch 1 1930
M ch 15 1913
M A
J 16 A 1) T o D e c 1 5 1 0 1 2
V arious T o N ov 1915
A I) D e c '1 0 -J u n e ’ 16
J
1 A N Mch ’ 1 1 -N ov ’ 18
T o F e b . 1919
A A O T o O ct 1 1920
d Clncln natl C h icago A
IA
F
<3e
A
A
s
s
do
do
do
do
do
do
do
N ew Y o r k T ru s t
N ew Y o r k
do
do
do
do
do
do
do
Co N \
N ew Y ork T ru st C o N Y
See te x t
K n ick e rb o ck e r T r C o N Y
T reasu rer’ s O ffice Phlla
00 W all St N ew \ ork
do
do
do
do
F irst N a tio n a l B a n k .N \
do
do
do
do
00 W a ll S treet, A Y
E q u itab le l iu s t C o N V
M ercantile T ru st C o N Y
do
do
do
do
do
Ho
P enn Co fo r Ins A c . Phlla
St L ou is
S T O C K .— T h e cu m u la tiv e 4 % p a r ticip a tin g and prior Hen s to c k Is e n t i
tled , In a d d itio n to p rio r right to a c c u m u la tiv e d iv id e n d s at the rate o f 4 %
per a n n u m , to receive a d d itio n a l d iv id e n d s equal to the rate o f d iv id e n d s d e
clared o n the c o m m o n s to c k o f th e co n s o lid a te d c o m p a n y ,
in A u g. 1907.
the T o le d o S t. L ou is A W estern p u rchased from the R o c k islan d the con
tro llin g In terest, viz.; $ 14 .4 2 0 ,non c o m . and $ 6 ,3 8 0 ,0 0 0 p ro f, st< e k . V . « 4 ,
p . 468, 529, 792. U n ion P a c. ow n s $ 1 0 ,3 4 3 ,1 0 0 p re f. s t o c k . V . 84, p . 1488.
D I V I D E N D S . — Sem i-a n n u al d iv id e n d s o f 2 % on p re f. and p a rticip a tin g
and prior lien sto ck s, paid J u ly 1906 to J u ly 1910, ln c l., and In A ug.
1908 1 % and In F e b . an d A u g . 1909 an d F e b . 1910 2 % each e x tra o n par
tic ip a tin g s t o c k .
D lv . on c o m m o n . 1 % , paid A u g . 15 1908; 1909, 4 %
(F . & A . ) ; 1910, F e b . 2 % ; A u g ., n o n e .
V . 91, p . 214.
B O N D S .— First Hen (o ld R y .) 3 J/Js or 1900, s e c a p p lic a tio n t o list In
full In V . 71, p. 1021, an d pla n , V . 82, p . 451.
I ire R a i l r o a d (■ Id)
i -m secu rin g tire 3s o f 1890 w ill pro\ Ide fu n d s for Im
p ro v e m e n ts and ex te n sio n s.
B on ds In excess o f $ 4 0 ,0 0 0 ,0 0 0 w ere to be
Issuable thereunder on v o te o f tw o -th ird s o f s to ck h o ld e rs fo r e x te n sio n s o f
n ot o v e r 500 m iles m ain tra ck , at not e x ce e d in g $20 ,0 0 0 per m ile, to fu n d
leased line rental o b lig a tio n s an d fo r futu re b e tte r m e n ts n o t to ex ceed
$ 5 ,0 0 0 ,0 0 0 , a t n o t o v e r $1,0 0 0 ,0 0 0 per a n n u m , f r o m J a n . l 1900.
In J u ly
1909 $45 ,350 ,00 0 w ere o u tsta n d in g . See circu lar, V . 69, p . 178; also V . 6 9 ,
p. 26, 129, 541; V . 70. p. 429, 739, 995; V . 8 1 . p . 480 , 507 , 626 , 803 , 809;
V . 88, p . 99, 293.
S lo c k tio ld e ir o f R a i l r o a d (a id ) C o. v o te d on S ep t. 7 1904 to au th o riz e the
issue o f refu n din g b on d s In e xce ss o f the $ 40 ,000 ,00 0 then sold and p le d g e d ,
v iz ., $ 5 ,0 0 0 ,0 0 0 for be tte rm e n ts and $35 0,00 0 fo r pu rch ase o f Q u in cy C ar
rollton ft S t . i.m ils R v
V 79. p . 2 1 1 .9 6 7 .
In M ch. 1910 $ 2 ,5 0 0 ,0 0 0 3-y e a r 5 % secured n otes w ere s o ld , secu red b y
d e p o sit o f $3,5 0 0 ,0 0 0 “ e q u ip m e n t and Im p ro v e m e n t” 5 % bon d s. Into w hich
th e notes are c o n v e r tib le at par. N o te s are s u b je c t to call a t par after
M arch 15 1911.
(V . 90, p. 697, 771 , 1296, 1424.)
$1 8 ,0 0 0 ,0 0 0 N e w E q u i p . & I m p . l i o n d s a r e I s s u a b l e .
T o be Issued p ledged as co llateral fo r $ 2 ,5 0 ",n 0 0 n o te I s s u e _____ $ 3 ,5 0 0 ,0 0 0
T o retire 6 0 % o f e q u ip m e n t trusts m atu rin g In 1 9 1 0 -1 9 .................. 2 ,9 4 0 ,0 0 0
T o retire 15-year 5 % d e b e n tu re b o n d s _____________________ ______ 1,666,000
L im ite d ann ual a p p ro p ria tio n s fo r b etterm en ts, new acq u isitio n s,
& c.. bu t n o t e x ce e d in g $ 3 ,0 0 0 ,0 0 0 to M arch 1913.......................__ 9 ,8 9 4 ,0 0 0
P u r p o s e s J o r w h ic h th e
L A T E S T E A R N I N G S .— f 1 9 0 9 -1 0 ...G r o s s , $ 1 3 ,3 5 8 ,4 7 5 ; n e t, $ 4 ,2 7 0 ,8 3 4
12 m o s ., J u ly 1 to Jun e 3 0 .\ 1 9 0 8 -0 9 .. .G r o s s , 12,50 0 ,6 8 2 ; n et, 4 ,711,931
R E P O R T .— F o r y ear e n d in g Ju n e 30 1909 w as In V . 89, p. 989
1907-08.
1908-09.
$12 ,1 0 2 ,7 9 0
G ross e a rn in g s _______________________________________$12 ,500 ,68 2
7 .658,416
O p e ra tin g e x p e n s e s .............................................................
7 ,408,598
$4,444,374
N et e a rn in g s ________________________________________ $5,092,084
N et In c o m e __________________________________________ $5,186,101
$ 4,453,623
H ire o f e q u ip m e n t an d r e n ta l_____________________
$367,537
$167,514
T a x e s .......... ..............................................................................
380,153
356,733
In te re st on b o n d s, & c ---------------------------------------- —
2 ,531,126
2,3 6 7 ,4 4 0
D ivid e n d s on g u a ra n te e d s t o c k s ----------------------------241,024
241,024
D iv id e n d s on p rio r Hen s t o c k ----------------------------------(8 % )7 0 ,3 4 4 ( 5 % ) 4 3 ,965
D iv id e n d s o n p re fe rre d s to c k ( 4 % ) --------------------781 ,7 6 0
.
781,760
D iv id e n d s o n c o m m o n s t o c k --------------------------------- (4 % )7 8 1 ,7 1 2 (1 % ) 105.428
B a la n ce , surplus a fte r d iv id e n d s ...........................................................
$32 ,445 $29 9,75 9
O F F I C E R S .— C h airm an f B o a rd . T h o m a s I I . H u b b a rd Pres. i "e n . P
S h on ts; V .- P ., E d w in H a w le y , G eo. II. R o ss an d W . L. R oss; Chairm an
E x e cu tiv e C o m m itte e , T h o s. H . H u b b a rd ; T r e a s ., F . H D a v is .; S e c. and
A sst. T re a s., J . S teu art M a cK le.
D ire cto rs — F . P. Frazier, J. J. M itchell, E d w in H a w le y , T h o m a s H .
H u b b a r d . T h e o P . S h o n ts, G e o . H . R o s s , J o y M o rto n , F H. Da Is. E dw ard
T lld c n , W m . G . B ea le a n d H . E . H u n tin g to n .— (V . 91, p. 1024, 1095.)
C H I C A G O B U R L I N G T O N & Q U I N C Y R R . — (.S ee M a p . )
ROAD
Op
crates a great system o f roads e x te n d in g from C h ica go w e ste rly , reach in g S t.
P aul and M in neapolis M in n.; St. L ou is and K ansas C ity , M o.; O m a h a , N e b .;
D en ver, C o L ; C h e y e n n e . W y o .; B lack H ills, S. D ., and B illings. M on t. T h e
a c c o m p a n y in g m a p show s clea rly the sy s te m , v iz .:
A llies. I
Lines east o f M issouri R iv e r -------4 ,3 5 0 1Lines lea sed ..............- ...........
Lines w est o f M issouri R i v e r . . . . 4 ,3 8 3 1N a rro w -ga u ge lin es...............
M ile s .
...
216
73
T o ta l op e ra te d Ju n e 30 1 9 0 9 .---------------------- -------------------------9,021
In D e c. 1908 $ 2 3 ,6 5 7 ,5 0 0 o f the $ 31 ,000 ,00 0 C o lo ra d o A S outhern c o m .
m on s to ck (p ra ctica lly a co n tro llin g Interest) w as a cq u ir e d , allo rd lu g c o n
nection s w ith the G ulf o f M e x ico , the C. A S. system Including trackage
agg re g a tin g 2,769 m iles.
V . 87, p . 1663; V . 88, p . 157, 685.
E x ten sion
fro m K ir b y , VVyo , east to the P o w d e r R iv e r , 100 m iles, Is p r o p o s e d , o f
w hich 40 m iles u nd er co n s tr u c tio n .
O R G A N I Z A T I O N . A c - T h is w as a c o n s o lid a tio n In July 1875 o f the
C h icago B u rl. & Q u in cy In Illinois and the B u rlin gton A Miss url R iver In
Iow a
N u m erou s subsidiary and o th e r lines h a v o since been m erged In
the C . B . A Q .. a m o n g them C h icago B urlington A N orth ern . K ansas C ity ,
S t. Joseph & Council B luffs, H annibal & St. J o se p h , Burl A M issouri. & o .
S io u x C ity & W estern R y ., 229 m ., was m erged D ec. 1908. V. 8 7 . p . 347 .
In 191)1 $ 1 0 7,61 3,5 00
um SI I '),839 ,100 s to c k w as ex ch a n g e d Tor the
Joint 20 year 4 % pon d s o f the f it . N orthern and N orthern P a cific , secu red
b y the d e p o sit o f the s to ck In tru st, o n the basis o f $200 In b o n d s for $100
s t o c k . See circu la r, V . 72 p. 871 , and a p p lica tio n to list, V 7$, p . 2 9 3 ,
and d e scrip tio n o f b o n d s under G reat N o rth e rn .
C A P I T A L S T O C K .— T h e s to ck has been Increased for the a cq u is itio n o f
new lines, retirem en t o f o v e r $15,()ti0,0()0 co n v e r tib le d e b e n tu re s. A c .; In
1880 a 2 0 % d istrib u tio n w as m a d e . S ec " O r g a n iz a t io n " a b o v e .
RAILWAY STOCKS AND BONDS.
O c t .. 1910.J
R A IL R O A D C O M P A N IE S
[For abbreviations . A c ., see notes on first page]
Par
V a lu e
1877
* 1.000
100
100
100
100
1,000 A c
1,000 A c
1,000 A c
1,000
1,000
1,000
100 A c
1,000
1,000 A c
600 A c
600 &c
1,000
* 27,000
6 g
6
1,750,000
7
1,500,000
7
329,000
1 10 ,839 ,10 0 8 in 1910
4
53 680,000
m 5 0 ,835000
3H
4
n 3 4 ,165.000
5
b 2 .277,000
4
cO.0 98 ,000
4
d 3 ,612,000
4
e 7 ,361,800
5
8 ,5 1 0 ,0 0 0
4
f 23,131,000
g l 3 , 613,000 r
o
l
fi
5,020,000
1.000
600 & c
100
1,000
1.000
1,000
1.000
7
i8 3 ,000
k 93 2,80 0
8,83 0 ,7 0 0 6 In 1910
97,000
91,000
2,73 6 ,0 0 0
6 g
27,000
g
5
10,855,000
5
4 ,6 2 6 ,0 0 0
1150,000
12,85 5 ,0 0 0
4 g
162
37
101
1908
J1899
(1899
J1879
(1879
1881
370 1881
1883
1,471 1887
J1878
(1878
289 1881
8,495
(1 ,6 4 8
/
1 891
/
59
90
1880
1879
9
14
191
1880
1881
1884
1887
1887
1885
1881
1905
817
176
817
b *7 2 3 ,0 0 0 a n d c *5 ,6 0 5 ,0 0 0 ,canceled, n o t Included, d *2,4 31,000;
i $64,000: k $645,800. xSee o p tio n of ex chan ge for genera 1 M 4s.
A m oun t
O u ts ta n d in g
3
D a te
B onds
'0
0
0
C h ic a g o & A lt o n — (C o n ) =
M is s R l v B r 1st M g assu m ed s f d raw n a t 100____c*
K a n s a s C it y S t L o u is & C preferred stock g u a r _____
Joliet & C h ic a go 7 % stoc k perpetual gu a r b y C A A
L o u isia n a & M isso u ri gu aran teed preferred s t o c k ..
C h ic a g o B u rlin g to n & Q u in c y — S t o c k _______________
G en m tge 530 0,0 0 0 ,0 0 0 law ful m o n e y ____ C e .c * A r *
Illin o is D Iv first m o rtg age (*8 5 .0 0 0 ,0 0 0 cu rren cy re(V . 83. p .6 2 5 : V . 69. p .2 8 3 ) fdeem able a t 1 0 5 - - N B
S in k in g fu n d Io w a D f v 5s (col tru st) d ra w n a t 1 0 5 ..
S in k in g fu n d m o rtg a ge 4s d raw n a t 100________ c A r
S in k in g fu n d 4s (S o W D lv ) d raw n a t 100_____c* A r
D e n v e r exten (coll tr) b o n d s s f d raw n a t 1 0 0 -N B .c *
x D e b e n tu re s for H a n n ib a l A S t Josep h s t o c k _____ c*
x N e b ra sk a ex t $20,000 p m (s f n o t d raw n ) N B . c * A r
x B & M o R R In N e b lL a n d g r s f d raw n a t l O O . N B l
x C o n M *14,000,0001
do
d ra w n since 1908.1
y H a n n ib a l & S t Josep h cons M n ow 1st M ------ F.c*
K C S t Jos & C o B —
1st M s N o d & T a r k V a l R R s s f (d raw n a t p a r ) . c*
x R e p V a l 1st M g u a r (red a t par) s f *14,000 y r l y . - . c
C h ic a g o & E 111— P ref stoc k 6 % n o n -cu m (*10,000 pm )
D a n v ille A G rap e Creek R R — 1st M a ssu m e d ------ c*
F ir s t m o rtg age e x te n sio n ----------- ------------ — - - - c *
Co n so lid a te d m o rtg a ge (for *5,048,000) g o ld -. C e .c
. C o lla te ra l tru st b o n d s s in k in g f u n d ---------------------- c*
G eneral consol a n d 1st M *30,00 0,000--------C e .c ’ A i
C h ic & In d C o a l— 1st M *25,000 p m a s s u m - . M p . c *
E v a n s v ille Terre H a u t e A C h ic a g o In com e m ortgage
R e fu n d A Im p M (text) go ld red a t 1 0 2 H B a .x c * A r*
M ile s
R oad
1,000
1,000
1,000 A c
R a te
%
6
6
66
6
6
W h en
P a y a b le
Last D iv i d e n d
a n d M a tu r ity
Places Where Interest and
Dividends are Payable
& O O ct
N ov
O ct
J— *
A Aug
F *
O ct
J— J
M A S M ch
&
J
J J u ly
J & J J u ly
A & O O ct
A & () O ct
M & « Sept
F & A F eb
M A N M ay
M & N M ay
&
J
J J u ly
& J J u ly
.1
M & S M ch
1 1912
1 1910 1M
3 1910 1 H
1 1910 3 ¥t
1 1910 2
1 1958
1 1949
1 1949
1 1919
1 1919
1 1921
1 1922
1 1913
1 1927
1 1918
1 1918
1 1911
60 Wall Street, N Y
do
do
do
do
do
do
N Y Boston and Chicago
Bank of Commerce, N Y
Bank of Com N Y; & Bos
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Bank of Commerce Bost
do
do
Bank of Nor America NY
&
&
(J— J
M A
A
J
A A
F A
M A
A
J
M A
A
J
1
1
1
1
1
1
1
1
1
1
1
Second Nat Bank Boston
Bank of Commerce Bost
Hanover Nat Bank N Y
Central Trust Co N Y
Fourth Nat Bank N Y
Central Trust Co N Y
do
do
do
do
Metropolitan Tr Co N Y
Farmers’ L & Tr Co N Y
Bankers’ Trust Co N T
A
J
J
1J — I
D Jun e
J J u ly
O ct
N M ay
1) D eo
() O ct
A Feb
N N ov
,) Jan
N M ay
J J u ly
1920
1019
1010
1920
1031
1934
1912
1937
1936
1920
1055
1H
g $8,083,800;
e *4,351 ,800; f *5,8 1 6 ,000 1 n sinking fu n d (ca n celed)
y v . 91, p 1024.
V . 88. p . 1060, 11 2 7 , 1559 ; V . 89, p . 40.
DIVS.11898. ’ 9 9 to Sept.’01. ’ 02 to July’ 07. Oct.’ 07. '08. 1909. 1910.
Perct.J 5>S
6 yearly
7 yearly
8
8
8
8
BONDS.__In April 1909 the holders of bonds of various Issues (marked
“ x” above) were offered the option of exchange for general mortgage 4%
bonds on certain terms. V. 88, p. 1060, 1127, 1559; V. 89, p. 40, 720,
1141
The general mortgage bonds ($300,000,000 authorized Issue, Interest
not to exceed 5%) are a first lien on about 3,070 miles of road and on retire
ment of the outstanding underlying bonds, for which bonds are reserved as
below noted, will be a first lien on the entire mileage owned, aggregating
8 495 miles. The bonds have been Issued or are Issuable as follows (see
V. 86. p. 1342, 1466: V. 88, p. 504, 685.)
Reserved to retire outstanding bonds of previous Issues aggre
gating *167,565,000 (of which *17,428,300 were held In
various sinking funds)____________________________________$175,000,000
Issuable to meet expenses of retiring said prior bonds_______
2,000,000
Issuable for reimbursing the treasury for outlays already made
by It for betterments and additions ($22,000,000 sold)____ 45,000,000
Issuable for additions. Improvements and betterments of and
to the mortgaged property (of which *13,724,000 sold)__ 78,000,000
In Jan. 1909 *20,000,000 general 4s were sold, of which *13,724,000 were
used to purchase *23.657,500 Col. A South, com. stock, *6,000,000 for
acquisitions and lmprov’ts and *276,000 to retire old bonds. V. 88, d . 685.
The Iowa Division bonds are a first mtge. on the main line In Iowa from
Burlington to East Plattsmouth on the Mo. River, 272 miles, and on 621
miles of branches and 86 m. of second track. These bonds have a s. f. of
13^ % ($203,800) yearly, for which the 4s are subject to call at 100 and the
5s at 105. The single main line and branches covered "shall not exceed In
the aggregate 900 miles” at *16,000 per mile: on second track additional
*14.000 per mile. V. 65, p. 462.
The Nebraska extension bonds of 1887 are Issued at *20,000 per mile for
single and *10,000 per mile for second track on not exceeding 1,500 miles.
On merger of roads In Nov. 1907 the mtge became a direct first lien. Ab
stract of deed, V. 45, p. 441; V. 85, p. 721.
Burlington A M issouri RR. in Nebraska consol, mtge. of 1878 Is now a
first mtge. or first coll, lien; they are subject to call for the sinking fund at
par; the "exempt” bonds since 1908; *237,800 retired In 1909.
EARNINGS.— 12 m os.,/ 1909-10.-Gross, *87,869,517; net, *24,858,553
July 1 to June 30.
11908-09..Gross, 78,612,629; net, 24,051,632
For 2 mos. ending Aug. 31 1910, gross, *15,454,409, agst. $14,726,611
In 1909; net, *4,596,944, agst. $4,683,868.
ANNUAL REPORT.— Fiscal year ends June 30. Report for 1908-09
was In V. 89, p. 1139,1151 (see also editorial, page 1192), showing results.
1908-09.
1907-08.
Inc. or Dec.
Miles operated June 30_____________
9,279
9,282
—3
Freight
*52,768,763 *53,036,306 — *267,543
Passenger!...............
19,797,152
18,819,239
+977,913
Mall and miscellaneous_____________
6,848,442
6,603,519
+244,923
com. and $6,211,700 of the *8,992,000 pref. had been exchanged on this
basis. The St. Louis A San Fran, has the option to retire the trust certifi
cates at any time at *250 per *100 coni, stock trust certificate and $150 per
*100 pref. stock trust certificate, payable In gold, and obligates Itself to pay
off entire Issue In 40 years from July 1 1902 at same rates, meanwhile obli
gating Itself to pay 10 % dividends on the com. and 6 % on the pref. trust
ceitlficates, respectively, these amounts being equivalent to 4 % on the
principal sum to be eventually received in payment therefor. Upon fail
ure to pay any dividend within 30 days after demand therefor, any holder
may surrender the certificates to the trustee and receive the shares repre
sented thereby. V 75, p. 289 393, 1031; V. 82. p. 48. A majority of
common stock trust certificates were In 1905 exchanged for certificates In
denominations of *1,000 each, representing 4 shares of common stock, bear
ing 4 % Interest, and payable In 1942 at face value
See form V. 80, p 1856.
DIVS. (% )— 1 ’00. ’01. ’02. ’03. ’04. ’ 05. ’ 06. '07. ’ 08. ’ 09.
1910.
On preferred.) G
6 6 6 6 6 6 6 6 6
6
On common..J 4H 5>i 6
6
8
5
8 10 10
7 10 (Incl.Dec.V
BONDS.— The general consol, and 1st mtge. of 1887 (trustee, Central
Trust Co.) provides for the retirement of $6,307,000 prior bonds and for
issue of bonds on new road at *18.000 per mile for single track; also for bonds
for eautpment at *7.000 per mile and for double track at *8,000 per mile.
In 1897 the gen. consols were limited to *30,000,000. See V. 64. p. 1088;
V. 78, p. 1446: V. 70. p. 1331; V. 80, p. 1728; V. 84, p. 1550; V. 85. p.
1645. Series B equip, bonds mature *57,000 each June and Dec. and
*56,000 each March and Sept.: Series C, *53,000 s-a., J-J; Series D, $15,000
J-J; Series E, *125,000 Feb. and Aug.; Series F, $220,000 F-A.
Of the refunding and Improvement gold 4s of 1905 ($55,000,000 auth.
Issue). *7,519,000 are reserved for additions and Improvements, Including
equipment, and *34,626,000 to retire, * for *. *30.000,000 gen. consol,
and 1st 5s of 1937, Issued and Issuable, and $4,626,000 Chicago & Ind.
Coal Ry. 5s. V. 80, p. 1424; V. 81, p. 1436; V. 88, p. 451; V. 90, p. 558.
EARNINGS.— 12 m os.,/1910........ Gross, *11,750,355; net, *3,706,371
July 1 to June 30.
(1909____ Gross, 10,269,619; net, 3,335,085For 6 mos. ending Dec.31 1909,net, *2,122,062,agst.$1,598,097 in 1908;
other Income, *366,827; int., taxes and rentals, $1,667,112; dlvs. (6% on
pref. and 5% on common), $625,811; bal., sur., $195,966.
REPORT.— For 1908-09 was In “ Chronicle.” V. 89, p. 1218.
Inc. or D ec.
Years ending June 30—
1908-09.
1907-08.
— *473,112
Operating revenue................................*10,269,619 *10,742,731
+ 31,619
Operating Income (after taxes)............ 3,060,971 3,029,352
— 372,277
Net (Including other Income).............. 3,646,574 4,018,851
+ 68,779
Interest and rentals.............................. 2,951,403 2,882,624
DIv. on pref. stock, 6 % ........................
520,842
529,842
DIv. on common stock...............
(2)144,356 (10)721,780
— 577',424
Balance for year_________________ sur20,973 def*115,394
+136,367
OFFICERS.— Chairman Ex. Com. and Board. B. F. Yoakum, N. Y .;
Pres., B. L. Wlnchell, Chicago; V.-P., C W. Hillard, N. Y .; Sec., J. S.
Gross earnings.................................. *79,414,357 *78,459,064 +*955,293 Ford, Chicago; Treas., J. P. Reeves, Chicago. N. Y. office, 71 B’way.—
Operating Income after taxes_______$21,361,263 *20,005,003 +1,356,260 (V. 88, p. 374, 451, 1127; V. 89, p. 1218: V. 90, p. 559.)
Other Income...................................... Dr.471,792 Dr.246,612
— 225,180
CHICAGO & ERIE RR.— {See M a p E rie R R .)— Owns from Marlon, O..
Total Income.....................................*20,889,471 *19,758,391 +*1,131,080 to Hammond. Ind., 249 miles, and leases trackage over Chicago & West Ind.
to
Chicago, 20 miles. Erie R R . Co. owns entire *100,000 stock.
+ 908,432
Interest and sinking fu n d .................. 8.551.33G
7,642,902
— 957,179
Betterments________
2,268,816
3,225,995
BONDS.— The first mortgage (trustees Central Trust Co and Edward
Dividends on s t o c k ...........................(8)8,867,128 (8)8,867,128
Daniels) covers 249 miles of road, the contract with the Chicago A Western
Indiana, *1,000,000 of that company’s stock and *240,000 stock of Chicago
*22,367 +*1,179,825 Belt Ry. See abstracts, V. 51, p. 911; V. 61, p 750.
Balance, surplus________________ $1,202,192
EARNINGS.— 12 mos., f 1909-10........ Gross, *5,152,167; net, $1,067,784
DIRECTORS.— Darius Miller (Pres.), Geo. B. Harris, Chicago, 111.; J. J.
July 1 to June 30.
(1908-09.........Gross, 4,289,960; net,
633,558
Hill, Howard Elliott, St. Paul. Minn.; James N. Hill, Geo. C. Clark.
W .-P . Clough, John F. Talmage, Norman B. Ream. Geo. F. Baker and
For year ending June 30 1909, gross, *4.280,969; net. *633,558; other in
-Samuel Thorne. N: Y .— (V. 90, p. 302, 1675; V. 91, p. 276, 517, 1024.)
come, *94,299; int., taxes, Ac.. *1,160,017; Imp., $14,194; bal.,def.*456,354.
CHICAGO CINCINNATI & LOUISVILLE RR.— See Chesapeake A Ohio
CHICAGO GREAT WESTERN RAILROAD.— (See M ap.)— Forms the
Ry. of Indiana.
“ Corn Belt” route, radiating from Oelweln, la., northerly to St. Paul,
CHICAGO & EASTERN ILLINOIS RR.— (See M ap St. L . A San F r .)— easterly to Chicago and southerly and westerly to Kansas City and Omaha;
Operated under agreem ent.
M iles.
Operates road (double track to Danville Jet., 106 m.) from Chicago, 111. to
Lines owned (total. 735 miles) . M iles.
Terre Haute. Ind.. and bituminous coal fields; also to Thebes and Joppa, 111. Chicago to St. Paul....................... 400 Mason City & Fort Dodge.
386
miles,
viz.:
Branches
to
Coal
Mines________
15
Oelweln
to
St.
Joseph___________290
M iles.
Lines owned ini fee.
Oelweln, la., to Coun’l Bl’ fs. 259
Dolton to Danville, 111..................1 07 Rossvllle Jet. to Judyvllle, In d .. 14 Bee Creek to Beverly....................... 23
Hayfietd. Minn ,to Clarion.Ia.
7 Sumner to W averly........................ 22
Danville, 111., to Brazil, Ind.........61 Hunt’s Extension.......................
Branches to Lehigh and Coal.
Momence Jet., 111., to Brazil. Ind.130 Other............................................... 2 MantorvlUe and Cedar Falls,
vllle, Iowa..........................
19
Other Trackage. A c .—
branches...................................- 14
Danville Jet., 111., to Thebes. 111. 277
Trackage—
Trackage (total, 75 miles)—
Joppa Jet. to Joppa, 111-------------- 16 Pana. 111., to E. St. Louis............... 85
Clssna Jet. to Clssna Park, 111------11 Chicago to Dolton, Ch. & W . Ind. 17 St. Paul to Minneapolis................ 11 Council Bluffs, la., to So. Oma
ha, Neb................... ...............
Rossvllle Jet. to Sidell Jet , 111... 34 Otter Creek Jet. to Terre Haute. . 6 Chicago Terminals......................... 1?
38 Galena Jet., 111., to Dubuque, la . 14 WIs. Minn.&Pac.RR., 271 miles,
Percy Jet. to La Crosse, Ind.........46 Other lines.................
Mankato to Red Wing, Minn.
96
Des Moines Terminals................... 3
Milford Jet., 111., to Freeland, Ind. 11
Red Wing to Osage, Ia______ 118
Total operated July 1909_____ 065
Beverly to Kansas City................... 28
Coal Bluff, Ind., to Casey, I n d ... 7
Winona to Simpson, Minn__
54
St. Joseph, Mo., to Bee Creek—
9
Woodland. Ill to Villa G r o v e ... 62 Double track.................................. 177
Branch to Clay Banks, Minn.
3
Findley, 111., to Pana..................... 20
6
Do
Kalb
&
Great
W
estern..____
HISTORY. LEASES, Ac — In August 1902 the St. L. A San Fran, ac
Grand total embraced In earnings...................................................... ..1,487
quired the greater part of the stock, as said below.
The
entire
capital
stocks
of
the
Mason
City
&
tort
Dodge
R
R
.
Co.
and
The Chicago A East. 111. owns *1,000,000 stock o f Chic. & Western Ind.
Special lease of Chicago freight terminals, V. 78. p. 819. In 1904-05 ac the Wisconsin Minnesota & Pacific R R . Co. are owned and their roads oper
quired control of the Evansville A Terre Haute, which forms part of the ated under agreement. See those companies. In July 1910 acquired the
through line between Chicago and Evansville. V. 55, p. 905; V. 81, p. 1239. entire stock of Leavenworth (Kan.) Terminal Ry. & Bridge Co. V. 91,
STOCK — Common stock outstanding. *7,217,800 ($15,000 p. m .); pref. p 214, 397.
ORGANIZATION.— Incorporated in Illinois Aug. 20 1909 as successor,
*8,830,700. In addition, *6,408.300 com. and $161,300 pref. were held In
trust by Trust Co. of America in July 1909 as a part of “ trust assets” under per plan V. 88, p. 1497, of railway of same name acquired at Judicial sale
agreement dated July 1 1905, for Improvements, acquisitions or refunding, by J. P. Morgan & Co., reorganization managers. V . 89, p. 528 5 9 2 .
A syndicate provided the cash requirements of the plan—*24,892,274
to be terminated on satisfaction of the St. L. A S. F. stock trust agreements
(including *9.892,274 for Improvements and equipment)—receiving therefor
below referred to
V. 85, p. 1001.
In Aug. 1902 the St. Louis & San Francisco R R . gave In exchange for the *18,500,000 new first mortgage 4% bonds, *10,136,604 pref.and *31,641.333
com. and pref. stock Its stock trust certificates at the rate of *100 thereof common stock voting trust certs., the stock trust certs, being offered to
for each *100 share. V. 75, p. 289. In Jan. 1905 all of the *7,217.800 holders of old pref. B and common stock on payment of assessments of * lo
100
O c t ., 1910.]
RAILWAY STOCKS AND BONDS.
CO
R A I I .n o A D C O M P A N I E S
[F o r a bbreviation s, & c ., see notes on first page]
M ile s
Road
C h ic a g o & Eastern Illinois— (C oncluded) —
Car trusts in clu d in g lnt O ct ’ 10, due $10,921 m ’ thly
C h ica g o & Erie— 1st M g lnt gu a r till prln p a l d - _ .C e ,c
T erm in al first m ortg age g o ld ___________________
C h ica g o & G rand T ru n k — See G rand T ru n k W e s t R y
C h ic a g o (irea t W estern —
C om m on s t o c k , $ 4 6 .0 0 0 ,0 0 0 ...................................
____
- ____
- ..
249
249
...
D ate
Bonds
Par
V a lue
1903
1905
1905
1906
D) 7
1890
1890
1888
1,000
1,000
1.000
l ’1
1,000
1.000 A c
$327,453
612.000
J
A
4 )4
J
1.250.000
44 g F A A
2.420.000
4 )4 g F A A
1 ,736,000
5 r
V A
12.000.000
M A N
5 g
10.000,000 M ostly o w ned by
300 ,000
J
5 g
A
J
100
100
$, £ A fr.
1,000
4 5.246,713
4 1,021,402
20,5 0 0 ,0 0 0
500,000
____
F irst m ortg a g e, g o ld , $ 7 5 ,0 0 0 ,0 0 0 ____ .S .x c * A r'
M in neapolis T erm in al m o rtg a g e g o ld a s s u m e d _____
749
1909
1900
A m ou n t
O utstanding
Rate
%
W hen
P agable
M
4 g
3 )4 g J
RR
Chicago Hammond & Western— See In d ia n a H arbor Belt R R
Chicago & III Mid— 1st M $ 5 ,0 0 0 ,0 0 0 g red t e x t - I C .c '
26 1906
1,000
780 .000
F
5 g
Chicago & III VV— Gen (n e w 1st) M g g u red p a r . A C .x c '
1907
1,000
815 ,000
J
6 g
--Chicago & Indiana C oa l— See C h ica g o & Eastern 111
Chic lnd & So — Ind 111 & la 1st M $1 2 ,0 0 0 ,0 0 0 g - I C .c '
203 1900
1,000
4 ,8 5 0 ,0 0 0
J
4 g
C on sol m tg e $ 2 0 ,0 0 0 ,0 0 0 gold gu p A l - _ ( i .x c * A r
329 1906 1 .000 A c 15,150,000
4 g
J
Chicago Indianapolis & Louisville— C o m m o n s t o c k ___
____
______
100 10,500,000 3 M In ’09 J
P referred 4 % n o n -c u m u la tlv e $ 5 ,0 0 0 ,0 0 0 ________
____
._
100
5 ,000,000 4 In 1909 J
L N A A C 1st M ain L ine— 1st M C h ic & In d D lv g c
162 1881
1.000
2 ,300.000
F
6 g
*LO I & L refu n d in g m o rtg a g e $ 1 0 ,3 0 0 ,0 0 0 g o l d ____ Ce
509 1897
1.000
5 .000.000
J
5 g
do
do
gold 6s Issued fo r o ld c o n s o ls___
.non 1897
1.000
4 700.000
J
6 g
do
do
S er C _____________________________
509 1897
1,000
3,0 0 0 .0 0 0
J
4 g
fv.C on S to n e C o 1st M gold gu ar p & 1 c a l la b le _____
1900
1,000
13,000
M
6 g
a In d ia n a S ton e R R first m o rtg a ge g u a r a n te e d _____
1.000 In treasure
M
5 g
" * I n d la n a p & L ou lsv 1st M $6,0 0 0 ,0 0 0 gold g u ___S.c
1,000 a 1.650.000
(in 1906
J
4 g
Chicago Indianapolis & St Louis Short Line— S ee Cle ve and Clncln natl Ch! c a g o A S t L outs
Chicago Junction RR -1 s t M $2,3 2 7 ,0 0 0 g red 105 c*
_
1905
1 .000
2 327 000
M
4 g
Chicago Kalamazoo & Saginaw— 1st M $ 2 ,0 0 0 ,0 0 0 g G
55 1909 1,000 A c
1,280,000
J
4 g
Chicago Lake Shore & East— 1st M g . gu . red t e x t - ..re*
_ - .
1909
1.000
9 ,000,000
4 )4 K J
Chic Memphis & Gulf— 1st M g red 105 a ft Jan '12 I5a
1,000
31 1910
350 ,000
J
5 g
a.O f^ w hlch $125,000 In tre a su ry Ju n e 30 1910
_
r—
*
■
-i
v
»
»
v
»o
iiu
iviiu
m
vio
u
m
jr
u
u
u
iv
j
v
u j/
u
lc
p ate In the reorg a n iz a tio n .
S T O C K .— T h e p re f. s t o c k ($ 5 0 ,0 0 0 ,0 0 0 a u th . Issue) will be en title d to
n o n -c u m . d lv s . a t 4 % p e r an n . to Ju n e 30 1914 an d to cu m . ill vs. th e re a fte r
at th at rate ah ea d o f tn e c o m . s t o c k , an d also to a p e rfe re n ce as to principal
an d a ccru e d d lv s. In case o f d isso lu tio n o r liq u id a tio n .
If an d w hen p er
m itted b y la w , the new c o m p a n y w ill h ave the right to redeem the pref .sto ck
at par an d a ccru ed d lv s.
N o a d d itio n a l m tge. shall be created nor shall the
pref. s to c k b e Increased w ith o u t the con sen t o f a m a jo rity o f the pref s to ck
ou ts ta n d in g or v o tin g certlllcates th erefor.
V oting T ru st.— 'All s to c k (e x c e p t shares to q u a lify d irectors) shall fo r
n vo years be vested In J . P lerp on t M organ, G eorge F . B aker an d R o b e rt
f le m ln g , as v o tin g trustees, w ith p o w e r to ill! va ca n cie s a nd all o th e r pow ers
to be stated In the v o tin g trust a greem en t.
U pon the w ritten request o f
holders o f a m a jo rity o f the o u tsta n d in g pref. s to c k v o tin g -tr u s t certs,
an d or c o m m o n s tock v o tin g -tr u s t certs to an a m o u n t s u fficie n t, w ith such
m a jo rity o f su c h pref. s to c k , to c o n s titu te a m a jo rity o f ail the s to c k then
held b y such v o tin g trustees, the v o t in g trust shall be term in a ted .
I he tota l llxed charges o f the new c o m p a n y fo r rentals an d Interest, In
clu d in g Interest on b on d s o f su b sid ia ry c o s ., a fter all the $ 2 8 ,0 0 0 ,0 0 0 new
b on d s are ou tsta n d in g , w ill a p p ro x im a te $ 2 ,4 8 0 ,0 0 0 .
B O N D S .-— O f new first 4s, $18 ,5 0 0 ,0 0 0 w ere sold to the s y n d ica te an d the
rem ain in g $9,5 0 0 ,0 0 0 o f the $ 2 8 ,0 0 0 ,0 0 0 present issue w ill be sold fo r a dd l
tlon s an d b etterm en ts, as requ ired , sa y , w ith in the n e x t tw o o r three years
O f the b o n d s , $ 1 8 ,232 ,00 0 are reserved to retiro the 1st m tg e . b o n d s o f the
M ason C ity & F t. D od g e a n d W ise. M inn. A P a c. ($ 1 2 ,0 0 0 ,0 0 0 a n d $ 6 ,2 3 2 ,
000 r e s p e c t iv e ly ), an d the rem ain der fo r new p r o p e r ty , be tte rm e n ts and
e q u ip m e n t.
V . 89. p . 1482; V . 90. p. 53.
E A R N I N G S .— 3 m o s ., /1 9 1 0 - ............... G ross, $ 3 ,1 7 9 ,9 1 4 ; n e t, $89 8,51 6
1 1 9 0 9 -------------- G ross,
2 , 8 59 , 29 4 ; n e t. 783 689
J u ly 1 to S ep t. 30.
In 1909^
aftCr charffes’ * 3 1 9 -461 In 3 m o n th s o f 1910, a ga in st $10 ,512
R E P O R T .— R e p o rt fo r 10 m o n th s e n d in g Ju n e 30 1910 In V . 91, p.
,
sh ow ed ; G ross earnings, $ 1 0 ,1 7 1 ,7 8 3 ; n o t, $ 2 ,1 4 0 ,6 8 5 ; o th e r In com e. $ 17 0,
758; Interest on b on d s. $ 1 ,2 2 0 ,6 7 2 ; rentals a n d o th e r llxed ch arges, $63 4,99 6;
ba la n ce, su rplu s, $45 5,77 5.
O F F I C E R S .— P res., S . M . F e lto n ; V . - P . , J osep h W . B la b on ; S ee. and
T r e a s .. J . F . C o y k cn d a ll; A u d ito r , J . W . N ew lean . O ffice , C h ica g o , III
— (V . 91. p . 214.)
C H IC A G O & IL L IN O IS M I D L A N D R Y .— O w ns A u b u rn , 111., to T a ylorvllle, 26 m iles, o f w hich 17 m iles w as o p e n e d Jun e 1907. S to c k auth orized
$ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $1;0 0 0 ,0 0 0 (par o f shares $10 0 ), a m a jo rity being
ow n ed b y Illinois M idland Coal Interests. T h e b on d s are s u b je c t to call
on term s to be fixed fo r the several Issues; the $780,000 b on d s Issued on
the first 20 m iles m a y be called a t 110 o n a n y interest d a y sin ce A u g . 1 1910.
Seo V. 82, p . 45 2 , 803 .
F or y ear e n d in g Ju n e 30 1909, o p e ra tin g re ve n u e .
$ 77 ,006 ; net a fter taxes. $ 6 ,9 3 6 .
(V . 82, p . 803.)
C H IC A G O & IL L IN O IS W E S T E R N R R . —T o e x t e n d from W estern A v e .,
C h ica g o. sou th w esteH y to J o lie t. III., w ith bran ch es, a total o f 54 m iles, o f
w h ich 2 2 c P 11*;3 Ip o p e ra tio n .
E x ten sion proposed G ary to Jo lie t.
V . 83,
P- 491 . S to c k . $ 1 0 ,0 0 .0 0 0 , as Increased A u g. 1907: par $100 O f the gen.
vr ° * - I * ' *1’ 0 9 9 "999 au th o riz e d Issue), $81 5,00 0 w ere o u ts ta n d in g In
M arch 1009 g u aran teed prln. & lnt. b y D olese & S hep ard C o ., C h ica g o .
V . 86, p. 107, v . 88, p . 6 8 o .
I4o r y e a r e n d in g Ju n e 30 1009 S137 794*
“ e t. $85,298
In 1907-08, gross $153,165; n e t, $66 ,298 ; fixed c h lr g e s !
$23,038, b a la n ce , su rplu s, $43 ,2 6 0 .
P re s ., VV. K. P h illip s
O ffice 184
L a Salle S t .. C h ica g o. 111.— (V . 88. p. 685 .)
J ? , j i , • ) \ i
IN D IA N A & E A S T E R N R Y . — O w ns C on verse, I n d ., to
Mu.ncle. 43 m iles.
In M ay 1907 the P en n sylva n ia Co. a cqu ired all the secu rlt es the road being op e ra te d as part o f the P itts Cln. C h ic. & S t. L ouis.
V . 8 4 , p. 1181, 930.
For cal. y ear 1909, gross, $ 7 4 ,2 70; o p . d e f., $ 1 8 ,1 3 2 ;
oth er in co m e , $80; ch arges, $35 ,132 ; b a l., d e f., $ 5 3 ,1 8 4 .— (V . 8 4 , p . 35 0 .)
C H IC A G O IN D IA N A & S O U T H E R N R R .— [See M a p s N Y Cent A
H u d . R io. R R . ) - O w n s fro m S o u th B en d. i n d .. to Seaton vllle. III. . 1 0 2 m .
imTrner . n<l ' ,1!!• & Io w a R R .) : D anville. III., to Indiana H a rb o r, In d .
109 m .: bran ch es, 16 m .; tra ck a ge , 28 m .; leases. 8 m .; to ta l. 353 m . A lso
ow n s 20 m . leased to oth e r c o m p a n ie s.
A con solid a tion A pril 1906 o f the ln d . III. A Iow a Ind H ar R R and
D a n ville & In d . H ar. R R .
V . 8 2 . p. 803 , 867. S to ck $20 000 000 of
w hich $ o ,000 ,0 0 0 Is 4 % cu m . pref.
Lake Sh ore & M ich S ou th ern ow ns
$ 1 7 ,0 0 0 ,0 0 0 an d M ichigan C entral $ 3 ,0 0 0 ,0 0 0 .
s o u t n e r n ow n s
.
—
ti 1.e 4 ! o f 1906 ($ 2 0 ,0 0 0 .0 0 0 ),gu aran teed b y the Lake Shore
v
h 'pfc,° o 8 o ‘ ‘ 1 2 23 5 0 ,< <m are ruserve,i to ret,re the 48 <Ule J u ly i 1950
..J o i n t l y w ith fo u r o th e r roads c o v e n a n ts to n av the N Y C e n tn i iin^<s
($ 3 0 ,000,000) e q u ip , trusts o f 1907 an d 1910, the c o m p a n y ’ s share o f e a u ln ’ t
leased be 1ng^about^$ l , 000,000 a n d $ 1,200,000 r e s p e ctiv e ly ,
v . 8 8 ° p . 1401;
E A R N I N G S .— 8 m o s .,/1 9 1 0 ................. G ross, $2 ,4 3 5 ,5 0 9 ; n e t, $610 454
Ja n . 1 to A u g . 31.
\ 1909 — .......... G ross,
1,96 3 ,7 2 3 ; n et!
40L 595
R E P O R T — R e p o rt fo r ye a r e n d . D e c. 31 1909 In V . 90, p . 692 show edg r o s s $ 3 ,2 2 3 ,3 1 3 ; o p . In c., $64 6 ,3 4 3 ; o th e r In c., $ 48 7 ,0 7 6 ; charges $ 1 083 34 0 ; b a l., s u r ., $ 5 0 ,0 7 9 .— (V . 00, p . 692 .)
. C H IC A O ? a IN D IA N A P O L IS &
L O U IS V IL L E
R Y .— O perates the
and°rrtJ!fiUumle trrom Ci*Lc kK° ' I11” vla -'I o tlo u. I n d ., to Indian ap olis Ind
an d LoutevlUe, K y ., w ith branches. T h e system Includes:
’
rnrtWna
n
.
, „ M Hes. | O p er. under contract—
M iles
Iu <J'a '\a
S ta te Line to IndianIC hlcago to In d ian a S tate Line
20
w -om A ii...— V w ‘i V i* — vr,--------162 |New A lb a n y t o L ou isville
a
™ ? a n C t y — 289 IC on n ectlon In Indian ap olis
2
tZi H
------------40 IClear Creek to H a rro d sb ’ g , fn d "
fl
O rleans to 1-rench Lick S p r in g s .. 18|Sw ltz C ity to w est o f L inton
" in
I W a lla ce J e t. to S hirley H ill A~br..60
T o ta l o f all June 30 1910-
Last D ivid en d
and M a tu ritg
P laces W here Interest and
D ivid en d s are Payable
T o Jan 1 1915
Feb ’ l l - A u g ’ 16
F eb ’ l 1 -F e b '16
A p r 1 1 O ct ’ 17
M ay 1 1982
O ct 1 1982
J u ly 1918
Blair A C o , N ew Y ork
do
do
do
do
B ank' r s ’ Trust Co N V
Erie Railroad New Y ork
Erie R a ilroad
Erie R a ilro a d N ew Y ork
A
A
S S ep t 1 1950
J Jan 1 1950
J. P . M organ A Co
B a n k o f M on treal, N Y
A
A
A F eb 1 1056
J J u ly 1 1947
Chase N at Bk N Y ; o r Ch
Araer T ru s t A S av B k Ch
<3g J J u ly
A
J Jan
A I) Ju n e
A U Jun e
A A Aug
A
J J u ly
A
J J u ly
A
J J u ly
A N M ay
S Sept
A
A
J Jan
A
A
A
A
S
J
I)
J
Mch
J u ly
Jun e
Jan
1 1950
L in coln N at B ank, N Y
1 1954
T reas G rand C ent S t a t ’ n
28 ’ 10 1% J P M organ A C o N Y
28 ’ 10 2 %
1 1911
do
do
1 1947
do
do
1 1947
do
do
1 1947
do
do
1 1920
A m c r T r A S av B k Chi
1 1948
N ew Y ork
1 1956
S tan d ard T ru st C o N Y
1 1945
1 1959
1 I960
1 1040
N W Harris A C o C h icago
N ew Y ork
71 B ro a d w a y , N Y
B ankers’ T r u s t C o, N Y
A lease fo r 999 years w ith C h icago & W estern Indian a (o f w h ose s to c k this
c o m p a n y o w n s $1,000,000) gives e n tran ce to C h ica go on a m ileage basis.
O w ns on e -th ird Interest In K e n tu c k y & In d ian a Bridge at L o u isv ille. K y .
O w ns entire s to ck o f In d ian ap olis A L ou isville It i t ., p r o je cte d fro m at or
near Indianap olis to E v a n sville . A c ., o f w hich 55 m iles, from W a lla ce J e t . ,
In d ., to Shirley H ill, w as o p e n e d O ct. 1 1907 and the bran ch fro m V ic k s
b u rg to Cass, 5 m iles. Deo. I 1907.
U nder su p p le m e n ta l lease d a te d M ay
10 1907 b on d s are g u a r ., prln . and ln t.
See “ B o n d s ” b e lo w .
V . 8 2 , n.
509 ; V . 8 3 , p. 888, 1290; V . 8 5 , p . 920; V . 87. p . 809; V . 8 8 . p. 99
H I S T O R Y .— S uccessor J u ly 1 1897 o f L o u isville N ew A lb a n y & C h ica g o ,
fo re clo se d per plan In V. 63, p. 922.
Suit s e t t le d , V. 75, p. 1031.
In A u g. 1902 the L ou isville & N ashville an d S ou th ern R y . a cq u ire d 9 3 %
o f $10 500 ,000 c o m . and 7 7 % o f $5,0 0 0 ,0 0 0 pref. s to c k , on the basis o f $78
and $90 per $100 share r e sp e ctiv e ly in their jo in t 50-year 4 % collateral tru st
gold b o n d s at par. secured b y the s to c k a cq u ir e d .
See descrip tion o f b on d s
u nd er L o u isville & N ash ville.
V . 7 4 , p . 1088, 1138; V . 75, p. 28.
D I V I D E N D S .— O n p r o f., 1899, 1 % ; O c t . 1900 to Ju n e 1910. b o th In clu
siv e . 4 % per ann um .
On c o m .. 1902, 1 % : 1903 3 ’ / % ; 1904. Ju n e. 1 U % :
D e c ., 1 H % ; 1905 to 1908, 3 % y e a r ly ; 1900. 3 ) 4 % (J . A D .) ; 1910, J u n e ,
1 V s% .
«.
— R efunding m ortgage co v e rs r o a d , e q u ip m e n t, A c. (In clu d in g
$ 1 ,0 0 0 ,0 0 0 s to ck o f Ch. A W . In d . and $24 0,00 0 s to ck o f the Belt R y o f
C h ic a g o ); total au thorized Issue Is $ 15 ,000 ,00 0. o f w hich unissued balan ce Is
reserved to tak e u p $ 2 ,3 0 0 ,0 0 0 divisio n a l b o n d s d u e A u g . 1911, V . 90.
p . 1613; V . 91, p. 518, 1295.
Indian ap olis A L ou isville g u aran teed b o n d s, o f w h ich $ 1 ,5 0 0 ,0 0 0 sold In
F e b . 1906 fo r 60 m iles o f r o a d ; b a lan ce Issuable at $30 ,000 per m ile. See
above.
V . 8 2 , p. 508; V. 83, p . 1290.
E A R N I N G S .— 2 m o s „ 1 1 9 1 0 ................. G ross. $ 1 ,1 4 1 ,9 2 4 ; n e t, $ 4 2 5 ,6 5 #
J u ly 1 to A u g . 3 1 .
J 190 9................. G ross,
1,01 8 ,5 3 2 - n e t, 3 8 9 ,8 4 3
A N N U A L R E P O R T .— In V . 91, p. 866 , sh o w e d :
Y ea r end. J u n e 3 0 —
1909-10.
1908-09.
1 90 7-0 8.
1906-07
G ross e a rn in gs.......................$ 6 ,0 2 0 ,2 4 2
$ 5 ,3 1 9 ,3 8 6
$ 5 ,1 6 7 ,1 6 0 $5,988 867
N et e a rn in g s......................
1 ,803.453
1,4 0 4 ,7 9 2
1 ,1 6 3 ,7 0 2
1,825 416
D iv id e n d s , A c ., re ce ive d
2 37 ,955
252 ,3 0 1
2 7 2 ,4 2 3
261 ,166
T o ta l net In co m e-------$ 2 ,0 4 1 ,4 0 8
In terest on b o n d s .............
774 ,0 3 6
R en ta ls, A c .........................
4 0 5 ,7 9 2
$ 1 ,6 5 7 ,0 9 3
772 ,1 0 0
3 82 ,107
$ M 3 6 , 125 T v ) 8 6 , 5 S 2
7 7 2 ,1 0 0
772 100
3 0 1 ,6 6 2
3 19 ,4 5 6
T o t a l..
-------$ 1 ,1 7 9 ,8 2 8
$ 1 ,1 5 4 ,2 0 7
$1,0 7 3 ,7 6 3
$ 1 , 0 9 1,5 5 6
vSurp us fo r d i v i d e n d s . ..
$ 8 6 1,58 0
$50 2 ,8 8 6
$36 2,36 2
$99 5 ,0 2 6
D v dent o n p re f., 4 % . .
200,000
2 00 ,000
200 000
200 ,0 0 0
D iv id e n d o n c o m m o n .(3 > 4 )3 4 1 ,2 5 0 (3 )5 )3 2 8 ,2 5 0
(3 )3 1 5 !0 0 0
(3 )3 1 5 ,0 0 0
O F F I C E R S .— P re s., F a irfa x H arrison ;
V .- P ..
M orton F . P la n t,
N ew Y o rk : E . C. F ie ld , C h icago; T r e a s ., B y ro n Cassell, 198 C u stom H ou se
P la ce , C h icago; G en. M gr., B. E . T a y lo r , C h icago: S e e ., J. A . H ilto n . 52
B road w ay, N. Y
D ire cto rs— F a irfa x H a rriso n , C h ica g o ; W . W . F in ley ,
W a sh in g to n , D . C.; C has. Steele, It. M. G a lla w a y , M orton F. P lan t, H en ry
W a lte rs, A d ria n Iselln J r .. N ew Y o r k ; W . II. M c D o e l. E . C F ield, F A
D ela n o , C h ica go: S am u el T . M u rd o ck , L a fa y e tte , I n d .— (V . 91. p 462
518, 790, 866 , 1095.)
at
C H IC A G O JU N C T IO N R R .— A n e le v a te d ro a d . 3 .7 5 m iles o f track
(o p e n e d A pril 1908). e x te n d in g fro m Jun ction w ith South Side E le v a ted R R .
at 40th S treet to the S to c k Y a rd s.
Leased to S ou th Side E levated for
50 years (w ith right to p u rch ase at c o s t w ithin 20 years) a t a rental
cov e rin g b o n d Interest and all e x p e n se s. C apital s to c k . $50 ,0 0 0 .
B on ds
ere gu aran teed , prln. A ln t ., b y C h ica go J u n ctio n R a ilw a ys A U nion
S ock Y ards C o .; th e y are s u b je c t to call at 105 after 1910.
F orm o f gu a r
a n ty , V. 82, p . 5 6 8 .— (V . 85, p . 792; V 87. p. 34 6 .)
C H IC A G O JU N C TIO N R U L W A Y . — O w ns Inner line w ithin the C h ica go
U nion S to ck Y ards d is tric t, 11.81 m iles, side and Industrial track s. 118 .58m .
In June 1907 the V a n d e rb ilt (N ew Y o rk Central) Interests arranged to
a cqu ire the outer belt lin e, assum ing the $2,5 0 0 ,0 0 0 o u tsta n d in g b on d s
leavin g p ro p e rty free o f liens.
V 85, p. 159. 792
C H IC A G O K A L A M A Z O O & S A G I N A W R Y .— O wns 44 m .. K a la m a zo o
to W o o d b u r y . M ich ., h a v in g so ld th e 11 m iles fro m K a la m a zo o to P a vilion
In S e p t. 1910. A c q u ir e d in D ec. 1906 b y M ich. C en t. (N ew Y o r k C en
tral sy-irem ), o n win be op e ra te d In depen den tly
v 83 p s o
S tock
c o m ., $ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 4 5 0 ,0 0 0 : par o f shares, $100. L a k e Shore*
A M ich. S o . ow n s $ 1 8 0,00 0 s to c k an d $50 7,00 0 1st M. bon d s. V 90 d 708
In 1909, gross, $20 4,11 5; n et, $58 ,3 6 1 ; lnt. an d rentals, $30 ,341 - bal 's u r '
$ 28 ,020 . P res., H . B. L c d y a rd , D etroit; S e c ., F . O . W a ld o - T reas ” l r*i*
G riffith s.— (V . 61, p . 1063; V . 8 4 . p. 50.)
*
” JC H IC A G O L A K E SH O R E & E A S T E R N R Y . — E m b ra ce s 331 m iles o f
tra ck , c o n n e c tin g the v a r io u s w ork s o f the Illin ois Steel Co an d In d ia n a
Steel C o. at C h ica go, J o lie t. M ilw au k ee and G ary w ith d iv e rg in g trunk lines
an d also w ith steam sh ip lines, s to n e qu a rries, Industrial esta b lish m en ts!
A c .: also, b y lease and tra ck a g e rights o v e r 74 m iles o f roads reaches the
co a l fields o f Illinois an d In d ia n a , an d J o lie t, 111., han dlin g betw een S ou th
C h icago an d these p o in ts a large tr a ffic fo r the Illinois Steel Co
S to c k ,
$ 9 ,0 0 0 ,0 0 0 , being Increased fro m $ 2 ,7 6 0 ,0 0 0 In Jun e 1909- all o w n e d b y
the Illinois Steel C o ., an d so b y the U nited S tates Steel C orp , w h ic h , with
th e Elgin J o lie t A E a stern , gu aran tees the b o n d s, prln. and ln t ., b y en d orse
m en t. T h e last nam ed leases the road fo r 60 years from Ju n e 1 1909, rental
c o v e r in g all charges an d d iv id e n d s on s to c k d e p e n d e n t on earn in gs. See
V . 90, p. i0 8 .
D ividends paid In 1909, 1 0 % .
B on d s are red eem able in w h o le o r part fro m D ec 1 1919 a t 110 an d ln t.;
th e y are lim ited to $ 2 0 ,0 0 0 ,0 0 0 and fu rth er Issues o f b o n d s b e y o n d the
$ 9 ,0 0 0 ,0 0 0 n ow o u tsta n d in g can be m ad e o n ly fo r 5 0 % o f c o s t o f p r o p e r ty .
V . 88, p. 1372; V. 89, p. 224. 1410.— (V . 90, p. 108. 1170.)
C H IC A G O M EA1PH IS & G U L F R R .— D ye rsb u rg. T c n n ., to T lptonvIU e,
T e n n ., 31 m iles. A n e x te n sio n fro m T lptonvIU e to H ick m a n , 21 m iles,
m o s tly c o m p le te d J u ly 1910. T h e entire line as p r o je cte d will e x te n d fro m a
p o in t on the O h io R iv e r to M em phis, T e n n .
In O ct. 1909 s to c k acq u ired b y
new parties an d nam e ch an ged N o v . 1 fro m D yo rsb u rg N orth ern R R . v . 8 9 ,
R A IL R O A D C O M P A N IE S
[F o r a bbreviation s, & c ., see notes on first page]
C h ic a g o M ilw a u k ee & G ary
1st M $ 2 0 ,000 ,00 0 g red
105 beg 1918 .......................... ..................................... S S txc*
C h ic a g o M ilw au k ee & St P a u l— C om s to ck (see text)
P referred s to c k 7 % yea rly n o t cum $ 1 2 4 ,6 5 4 ,4 0 0 -.
L a crosse & D a v en p ort D lv first m tg e _______ -F .c*
W ise Val D lv 1st M sink fu n d n o t d r a w n .-N B .c *
D u b D lv 1st M sinking fu n d n o t d r a w n ___ NI5.c*
C h ic & P a c W estern D lv 1st M (see text) g o ld .F .c *
C h icago & Lake Sup erior D lv 1st M g o ld ____ F.c*
W ise & M inn D lv first m o rtg age g o l d _______________F
F a rg o & S outhern first m o rtg a ge gold a s s u m e d -----C h ic M llw & St P T erm inal m o rtg a ge g o ld -------F.c*
D a k o ta & G reat Sou th ern first m o rtg a g e g o l d ------ F
C h icago & M issouri R iv e r D lv first m o r t g a g e .- F .c *
General M (for $ 15 0,00 0,0 00) gold Series A - U s .c * & r
do
do
Series A reg iste re d _____________
do
do
Series B ---------------------------------c*
do
do
Series B r e g is t e r e d -----------------M llw & N or 1st M S ch w a rtz to Gr B a y e x t 1 9 1 0 ..C *
C on solidated m o r tg a g e ---------------------------------------- c*
D eb en tu res $ 50 ,000 ,00 0 a u th g o ld .............F xc*r*
C h ica g o & N W — C om s tock $ 17 7,60 4,8 80 a u t h -------Tr
P referred s tock (n o t cu m u la tiv e ) see t e x t ------------ Tr
C h ic & N W con s f M ($ 1 2 ,900,000) n o t d r -------F .c*
C edar R a p id s & M issouri R iv e r — 1st M 3d D lv —
M adison E x ten 1st M g (s f $ 23,000 n o t d r )._ F -C *
M enom in ee E x t 1st M g (s f $ 20 ,000 n o t o r )_ .F - C *
N orth w U nion 1st M g M llw to F o n d -d u -L a c .F -c *
W in o n a & S t P eter 1st M e x t g land gr s f a s s .-F .c *
M ile s
Road
D a te
B onds
1908
185
161
351
1,117
68
230
119
159
77
5.859
5,859
5.859
5,859
126
362
7,390
7,390
788
150
126
120
140
175
1879
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
1909
1910
1865
1866
1871
1871
1872
1871
Last D ivid en d
and M a tu r ity
P laces W here Interest and
D ivid en d s are P a ya b le
$ 1 ,0 0 0 $5,500,000
A & O Apr 1 1948
5 g
100 116 .348 .20 0 7 In 1910
& S S ep t 1 '10 3M
100 116,274.900
7
M & S S ept 1 '1 0 . 3 M
&
1,000
2 ,500,000
5
J
J J u ly 1 1919
& J J u ly 1 1920
1,000
6
1,928,000
J
& J July 1 1920
1,000
5,049,000
6
J
& J Jan 1 1921
1,000 25,340,000
J
5 g
1,000
J
& J Ju ly 1 1921
1,360,000
5 g
<3c J Ju ly 1 1921
1,000
4 ,755,000
J
5 g
& J Jan 1 1924
1,000
1,250,000
J
6 g
1,000
& J Ju ly 1 1914
4 ,748,000
J
5 g
1,000
& J Jan 1 1916
2,856,000
J
5 g
3,083,000
& J J u ly 1 1926
1,000
5
J
& J M ay 1 1989
1,0001 a 4 8 ,8 4 1,000 1 4 g
J
M ay 1 1989
1 ,0 0 0 /
1 4 g
Q— J
& J M ay 1 1989
1,0001 a 8 ,950,000 /
3 « g J
May 1 1989
1 ,0 0 0 /
1 3H p
y —j
2,155,000
& D June 1 1913
J
1,000
4K
& D June 1 1913
6
1 ,000 n 4 ,003.000
J
J
& J J u ly 1 1934
4g
l.OOO&c 2 8,000,000
J
50,0 0 0 ,0 0 0
& D Jun e 1 1925
4
4
123 ,000 .00 0
Jan 1 1949
&
100 1 3 0 ,1 14,500 7 In 1910 J
J J u ly 1 1910 3 H
O ct 1 1910 2 1
100 22,395,100 8 In 1910
Q—J
Feb 1 1915
7
1,000 12,832,000
Q— F
7
\l & N M ay 1 1916
500 &c
2,332,000
A & O A p r 1 1911
500 &c b 2 ,977,500
7 g
J
& D June 1 1911
500 &c C2,546,500
7 g
500 &c d 3 ,365,000
\l & JS June 1 1917
7 g
100 &c k 4 ,038,500
7 g J & 1) D ec 1 1916
St. L o u is Un T r . C o.
N Y O ffice 42 B ro a d w a y
ao
do
do
do
do
do
do
do
do
do
ao
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
P aris and L o n d o n
Par
V a lu e
A m ount
O utstanding
R ate
%
W hen
P a yable
C o’ s o ffic e 111 B ’ w a y N Y
do
ao
do
do
do
do
do
do
do
do
do
do
do
do
n $1,08 9.000 a d d itio n a l In treasu ry.
a A ls o J u ly 1909 a d d itio n a l general m o rtg a ge b o n d s 1 n trea su ry and n o t listed (s ee t e x t ) .
A ls o In sinking fund J u ly 1910. b $17 2,50 0; c $150, 500; d $135 .000. x C o u p o n bond s J &J; r eglstered Q — J.
p. 903 , 1280. S to c k a u th ., 5 1 ,0 0 0 ,0 0 0 ; Issued, 530 0 ,0 0 0 ; p a r, 5100. B o n d s
($ 1 0 ,0 0 0 ,0 0 0 a u th . Issue) are s u b je c t to call at 105 a fte r J a n . 1 1912; Issued
$ 3 5 0,00 0 to retire old b on d s and all d e b ts ; reserved fo r term in als. & c., 5 1 ,
7 5 0 .0 0 0 . and rem ain in g $ 7 ,9 0 0 ,0 0 0 a t n o t to e x c e e d 8 5 % o f co st o f new c o n
s tr u c tio n , o r o v e r $ 20 ,000 per m ile.
V . 90, p . 108, 302; V . 9 1 , p. 153.
I'or
6 m os e n d in g D e c. 31 1909. gro ss, $ 5 4 ,0 0 2 ; n e t, $2 2 ,7 5 3 ; ln t. an d ta x e s,
$9 374- bal sur , 513 ,3 7 9 .
F o r y ear e n d in g Ju n e 30 1909, gross, $68 ,1 1 3 ,
agst $57 693 In 1907-08; n e t, $ 2 8 ,5 7 6 , a g st. $24 ,8 1 3 ; ln t. an d ta x e s , $ 1 8 ,
7 8 4 - bal sur $ 9 ,7 9 2 .
P re s ., S . G . L a tta : V .- P ., E . R ic e , b o th D y e rsb u rg ,
Tenn • V -P .
J oh n H . W a tk in s , 2 W all S t ., N . Y . ; S e c . a n d T r e a s ., J . C.
D oyle', D y e rs b u r g .— (V . 90, p . 108, 302; V . 91, p . 153.)
CHICAGO
M ILW AUKEE
&
GARY
R A I L W A Y . — This road, when
c o m p le t e d , w ill form an ou te r b e lt line 267 m iles In le n g th , e x te n d in g from
M ilw au k ee, W Is., to G a ry , Tnd., c o n n e c tin g w ith all o f the 32 m ain trunk
lines en terin g C h ica go
O f this, R o c k fo r d . III. t o M o m e n ce , 125 m iles
In clu d in g F.lgln Joliet A Eastern track age betw een A u rora an d J o lie t. 24
m iles, w as In op e r a tio n In J u ly 1910. In M arch 1909 Interests represented
b y th e S t. L ou is U n ion T ru st C o . a cq u ire d c o n tr o l o r p ra ctica l c o n t r o l.
V , 8 8 . p . 685.
S to c k a u th o r iz e d . $ 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 5 ,5 0 0 ,0 0 0 ; p a r, $100.
B O N D S .— O n A p ril 1 1908 a m o rtg a g e w as e x e c u te d to the S t. L ou is
U nion T ru st C o. an d Illinois S tate T ru s t C o o f S t. L ou is as trustees to
secu re an issue o f $2 0 ,0 0 0 ,0 0 0 o f 4 0 -y e a r 5 % b o n d s, o f w h ich $5,5 0 0 ,0 0 0
have been Issued to a cq u ire the p r o p e r ty o f the Illinois Iow a & M innesota
an d s u b sid ia ry c om p a n ies, the rem ain in g $ 1 4 ,5 0 0 ,0 0 0 b o n d s b e in g reserved
fo r ex ten sion s to G ary an d M ilw au kee, e q u ip m e n t, term in als, e le v a to rs,
coal d ock s and facilities at G ary an d M ilw au kee, o f w h ich a b o u t $ 1 0 ,0 0 0 ,0 0 0
t o be used at present to c o m p le te the line. V . 86, p . 980; V . 8 8 , p . 685.
P r e s ., A lb ert T . P erk in s, care S t. L o u is U n io n T ru s t C o ., S t. L o u is .— (V .
88, p. 685 .)
C H IC A G O M I L W A U K E E & ST. P A U L R Y .— O perates fro m C h icago
w esterly to S t. P a u l, M in neapolis an d L a ke S u p e rio r, O m a h a , N e b ., and
K ansas C ity , M o ., w ith lines tra versin g Illin ois. Io w a . M issouri. M ichigan
W Is. M in n, an d th e D a k o ta s , v i z .: (M ap C. M . & P u ge t S o u n d R y . p . 3 5 ):
M ile s .
R oad—
M ile s . I R oad—
S e co n d an d th ird t r a c k s ---------------502
L ines ow n ed Ju n e 30 1910 (of
w h ich 30 m iles ow n ed J o in t ly ).7,296 T ra ck a g e (In cluding 2d t r a c k s )- .2 7 7
H I S T O R Y , & c.— O rg. M ay 5 1863 an d on F e b . 11 1874 to o k presen t nam e
T h e P a cific e x te n s io n , fro m w estern term in u s a t G len h am , S. D ., to
S ea ttle an d T a c o m a , 1,4 63 m iles (o f w h ich 26 m iles Is ow n ed Jointly
w ith U n ion P a clt)c ), Inclu din g 66-m lles L e w isto n b ra n ch , Is k n ow n under
n am e o f C h icago M ilw aukee & P u g e t S ou n d R y . (see s ta te m e n t b e l o w ) .
w as c o m p le te d in Ju n e 1909; 396 m iles o f bran ch es had been c o m p le te d in
O c t . 1910 an d 199 w ere u n d er co n s tr u c tio n .
V . 8 7 , p . 543; V . 88, p . 99,
29 4 , 74 8 , 88 2 , 944 . 125 2.
,
T a c o m a & E astern H R ., T a c o m a , W a s h ., t o G re n a v o n , 63 m ., w ith
b r a n c h e s , 28 m ., to ta l 91 m ile s, w as a c q u ir e d In 1909.
C A P I T A L S T O C K .— T h e pref. sto ck has a prior right o v e r the c o m . s tock
to a d iv id en d o f n ot o v e r 7 % fro m net earnings in ea ch y e a r, b u t if n o t
earned it has no cu m u la tiv e rig h t. A fte r p a y m e n t o f 7 % on pref. an d 7 %
on c o m ., both classes share pro rota.
In D e ce m b e r 1906 the s to ck h o ld e rs su b scrib e d p ro rata fo r $ 66 ,214 ,40 0
p ref. an d 53 3 ,2 4 1 ,1 0 0 c o m . s to ck at par, p a y a b le In Installm ents to M arch 1
1909. T h is Increased th e a m o u n ts o u ts ta n d in g to $11 6 ,2 7 4 ,9 0 0 pref. and
$ 1 1 6 ,3 4 8 ,2 0 0 c o m m o n s t o c k . V . 8 3 , p . 1523; V . 84, p . 50, 101; V . 85,
p . 9 8 , 1338; V . 88, p. 293.
D IV S . sin ce 1892— 1 '9 3 . '9 4 . ’ 95. ’ 96. ’ 9 7 -’ 00. '0 1 . ’ 0 2 -’ 09.
1910.
O n c o m m o n ____ % \ 4
4
2
4
5 y e a rly
6
7 y e a r ly
7
O n pref e r r e d . . . % J 7
7
7
7
7 y e a rly
7
7 y e a r ly
7
B O N D S .— A b stra cts old er m tg e s ., V . 45, p . 114, 144, 212 ; V . 48. p . 830 .
T h e general mortgage ot 1889 (see a b s tra ct In V . 48, p. 830) Is fo r $ 1 5 0 ,
0 0 0 ,0 0 0 t o the U nited States T ru st C o. o f N ew Y o r k , as tru stee, and covers
th e en tire railw ay p ro p e rty and franchises o f the c o m p a n y (therein d e
scrib ed ) s u b je c t t o p rior liens w h ich are p aid as th e y m a tu re .
In J u ly 1910 gen . m tg e. b o n d s w ere Issued o r reserved as fo llo w s ;
A m ou n t In th e han ds o f th e p u b lic ______________________________ $5 7 ,7 9 1 ,0 0 0
I n treasu ry o t th e c o m p a n y (u n s o ld )____________________________
2 8 ,6 3 6 ,0 0 0
T o ta l rep o r te d b y th e c o m p a n y as o u ts ta n d in g -------------------- $ 86 ,427 ,00 0
R es e r v e d for p rior Hens___________________________________________ 560 ,4 9 8 ,0 0 0
R e m a i n d e r _________________________________________________________
3 ,0 7 5 ,0 0 0
T o ta l a u th o r iz e d _________________________________________________$15 0,00 0,0 00
I n D e c. 1909 $ 2 5 ,1 6 5 ,0 0 0 gen . m tg e . 4s w ere s o ld , ch ie fly to p a y o f f $12 ,
3 5 7 ,0 0 0 old b on d s an d fo r new lines, s e co n d m ain tra ck and a d d itio n a l
e q u ip m e n t.
V . 89, p . 1279, 1541, 1596, 1667.
In 1909 $ 2 8 ,000 ,00 0 o f an a u th orized Issue o f $ 5 0 ,0 0 0 ,0 0 0 4 % 25y e a r d eb en tu res w ere s old .
T h e y are to be In clu ded In a n y new m tg e .
V . 8 8 , p . 1559: V . 89. p . 1223, 1346.
In M ay 1910 sold to a gro u p o f F rench ba n k s 2 5 0 ,0 0 0 ,0 0 0 francs ($ 5 0 ,
0 00 ,000 ) 15-year 4 % d eben tu res. T h e y are t o be secu red b y a n y new
m tg e .
N on e o f the C h ic. MUw. & P u get S o u n d R y . s to c k n o w ow n ed or
hereafter acq u ired Is t o be sold w hile the b o n d s are o u ts ta n d in g .
V . 9 0 , p.
1 4 2 4 ,1 4 8 9 . 1554; V . 91, p . 38.
G E N E R A L F IN A N C E S . & c.— T h e c o m p a n y ow n s all o t th e $ 1 0 0 ,0 0 0 .
000 s to c k an d the $ 12 3,00 0,0 00 1st M . 4s o f the C h ica go M llw . & Pu get
S ou n d R y ., w hich see below .
In 1909 the U nion P a clllc system (O regon S h o rt Line) o w n e d $1,8 4 5 ,0 0 0
p r e f. s t o c k .
V . 87, p. 1549.
T h e r efu n d in g at 4 % o f the $2 2 ,0 9 7 ,0 0 0 5, 6 and 7 % b o n d s m a tu rin g In
1910 e lle c ts an ann ual sa vin g o f $46 0 ,4 4 0 . V . 8 9 , p . 1279.
E A R N I N G S .— 2 m o s .,/1 9 1 0 _____ G ro s :, $ 1 1 ,3 3 9 ,8 4 3 ;
July 1 to J A u g .I 3 1.111 1909_____ G ro s i.fi 10,769,459 ;
net, $3,2 9 0 ,4 3 9
n e t.
3,3 2 9 ,7 8 3
A n nual m e e tin g Is held
A N N U A L R E P O R T .— F iscal y e a r en ds J u n e 30.
In S e p t. R e p o r t fo r 1909-10 In V . 91, p . 651: o w in g to ch an ges in classifi
c a tio n , co m p a riso n s w ith o th e r In com e In 1907-08 a rc In accu rate, e d ito ria l,
p . 682 .
190 9-1 0.
190 8-0 9.
1907-08.
A v era ge m iles o p e r a te d _______________
7,512
7,512
7,4 9 9
P a ssen ger earn in gs_____________________ $14 ,7 8 6 ,7 4 4 $1 2 ,7 7 4 ,8 5 2 $1 1 ,8 8 3 ,3 9 5
F reigh t e arn in gs_______________________ 4 4 ,9 0 9 ,1 3 7
42,341,651 4 0 ,4 2 6 ,8 8 0
M all, exp ress, & c ., e a rn in gs__________
5,1 5 1 ,0 1 3
4 ,7 8 0 ,9 6 0
4 ,6 2 2 ,3 4 6
T o ta l e a rn in gs..........................................$64 ,846 ,89 4 $ 5 9 ,897 ,46 3 $56 ,932 ,62 1
$6,4 51,588
$7,2 8 8 ,6 0 3
M ain ten an ce o f w a y ___________________ $ 8 ,4 7 2 ,8 2 5
7 ,0 7 9 ,7 7 4
7,2 7 0 ,7 7 4
M ain ten an ce o f cars an d e n gin es____
7 ,7 2 4 ,5 6 9
2 2 ,6 2 8 ,2 3 2
2 3 ,0 9 8 ,4 7 7
T ra n sp o rta tio n a n d t r a ff ic ___________ 27,4 6 9 ,9 9 3
2,3 0 4 ,9 6 3
2
,4
2
8
,6
7
6
T a x e s .................................. ..........................
2,5 2 9 ,3 7 3
1 ,0 0 4 ,1 2 0
1,073,385
M is c e lla n e o u s _________________________
1 ,1 2 3 ,6 1 0
T o t a l e x p e n se s_______ _______________ $47 ,3 2 0 ,3 7 0 $ 41 ,159 ,91 4 $39 ,468 ,33 1
N et ea rn in gs...............................................$ 1 7 ,5 2 6 ,5 2 4 $ 1 8 ,7 3 7 ,5 4 9 $ 1 7 ,4 6 4 ,2 9 0
------------179,683
- - - 3 7 3 ,9 5 5
- u tsid e o p e ra tio
- n s, n e t.
207
,620
O
804 ,880
D Ivs. on M llw . L a n d , & c ., s t o c k ____
6 ,0 5 9 .4 9 6
l n t . o n C h. M. & P d g e t S o u n d b o n d s .
655 ,7 9 7
895 ,067
50,686
O th er Incom e (n e t )____________________
T o t a l .............
$25 ,4 9 3 ,5 8 7 $1 8 ,9 6 7 ,9 1 8 $ 18 ,494 ,04 2
In te re st o n fu n d e d d e b t _________________ $ 6 ,6 5 1 ,2 1 5 $ 5 ,8 5 5 ,7 1 7 55,9 1 6 ,7 6 0
160 ,589_______ ---------------
In terest o n E u rop ean lo a n ____________
D iv id e n d s on preferred ( 7 % ) __________
8 ,1 1 5 ,2 3 3
5 ,8 0 6 ,7 8 0
3 ,4 9 5 ,3 7 3
D iv id e n d s on c o m m o n ( 7 % ) ___________
8 ,1 1 6 ,2 2 0
6 ,9 6 6 ,7 4 3
5,817,381
T o t a l d e d u c t io n s _____________________ $ 2 3 ,0 4 3 ,2 5 7 $ 1 8 ,6 2 9 ,2 4 0 $ 1 5 ,2 2 9 ,5 1 4
B a la n ce , su rp lu s_______________________ $ 2 ,4 5 0 ,3 3 0
$33 8,67 8 $ 3 ,2 6 4 ,5 2 8
O F F I C E R S .— C h airm an, R osw ell M iller, 42 B r o a d w a y , N ew Y o r k ;
P re s., A lbert J. E a rlln g, C h icago: T re a s .. F. G . R a n n e y , C h ica g o ; G en.
M g r., D . L . B u sh : S e c ., E . W . A d a m s, M ilw au k ee. W Is.
D ire cto rs— R osw e ll M iller, N ew Y o r k ; A . J . E a rlln g, C h icago; l . j .
P e tit. M ilw aukee; J . O gden A rm o u r, S ta n le y F ie ld , C h ica g o ; F ran k S.
B o n d , W ilU am R o c k e fe lle r . D on ald G . G e d d e s, J o h n A . S te w a rt, P e r c y A .
R o c k e fe lle r , W a lte r P . Bliss, Charles W . D a rk n ess, J o h n D . R y a n , N ew
Y ork .
N . Y . o ffic e , 42 B 'w a y .— ( V . 91, p. 38, 651 , 870 , 1095.)
C H IC A G O A lI L W A U K E E & P U G E T SO U N D R Y .— (See M a p .) — T h is
road fo rm s the P a cific e x te n sio n o f the C h icago M ilw aukee & S t. P aul R y .,
c o m p le te d through to Seattle and o p e n e d J u ly 1909.
E x te n d s fro m
M o b rld g e , S .D ., to S eattle and T a c o m a , 1,463 m iles. In clu d in g 6 6 -m lle L e w is
ton b ra n ch , o f w hich 26 m iles fro m m ain line to T a co m a Is o w n e d Jointly
w ith U n io n P a cific a n d 35 m iles Is tra ck a g e .
In O ct. 1910 396 m iles o f
b ran ch es had been co m p le te d , o t w h ich 39 w ere b u ilt Jointly an d 199 w ere
u n d e r c o n s tru ctio n , o f w hich 9 m iles t o be b u ilt Join tly .
V . 91, p. 651 .
T h e c o m p a n y has a u th o rize d Its llrst m o rtg a g e 4 % b o n d s , d a te d J a n . 1
1909, U nited S tates T ru s t C o ., tru stee, fo r $ 2 0 0 ,0 0 0 ,0 0 0 . O f these
b o n d s, $ 1 2 3,00 0,0 00, to g e th e r w ith th e en tire a u th . Issue o f $ 10 0,00 0,0 00
s t o c k , has been turned o v e r to th e C. M . & S t. P . R y . treasu ry fo r the
$ 12 3,00 0,0 00 a d v a n ce d fo r c o n s tr u c tio n .
B on d s c o v e r r o a d , term inals
an d equ ip m e n t and run t o m a tu r ity .
P r e s ., I I . R . W illia m s, S e a ttle ,W a s h .
E A R N I N G S .— 2 m o s .,/1 9 1 0 ________ G ross, $ 2 ,3 1 2 ,7 2 4 ; n e t, $ 1,152,334
J u ly 1 to A u g . 31.
\ 190 9............... G ross,
--------------- ; n e t,
---------------R E P O R T .— R e p o rt fo r 11 m o s. e n d in g Ju n e 30 1910 In V . 91, p . 6 5 1 ,
sh o w e d (1,434 av e ra g e m ile s ); O p era tin g re ven u es, 5 1 0 ,7 6 5 ,7 0 4 ; net (a fter
t a x e s ), $5 ,2 9 3 ,3 1 2 ; o th e r Incom e (in clu d in g hire o f e q u ip m e n t), $64 8 ,1 1 8 ,
$65 0,63 8; ln t., rentals, & c ., $ 3 ,7 4 7 ,7 4 4 ; b a l., s u r ., $ 2 ,1 9 6 ,2 0 6 .— (V . 91,
P 651.)
C H IC A G O & N ORTH W E S T E R N R Y . — (S e« A ^ p . ) - O p e r a t e s an Ira
p o rta n t system o f roads u nitin g C h ica g o , III., w ith O m a h a, N e b ., o t . I aul.
M in n ., w ith the great w h eat belts o f D a k o ta , N ebrask a, & c ., and w ith the
m in ing regions o f M ichigan and the B lack H ills, Including
- owned in fee —
M ile s.
Road
M iles.
(le a s e d ). . 3
Main lines, & c ___________ .............7,506 D c P u c L a n d & E a st,
42
S u n d ry tr a c k a g e — ......................
E n tire stock ow ned—
P rin ceton & W e s te rn ___ _______
16
T o ta l J u ly 1 191 0....................... 7,629
2
W o lf R iv e r V a lle y ______ ...............
Secon d t r a c k ..................................... 8 26
S t. Paul Eastern G rand T ru n k
( le a s e d ) _______________ ............
60 H as large Interest In C h ic. S t.
P aul M in n. & O m a h a ................ 1,739
H I S T O R Y , E T C .— A V a n d e rb ilt line (V . 75, p. 1086) organ ized In 1859.
In Ju ly 1884 the capital s to ck o f the F rem on t E lkhorn & M issouri V a lley
was a cq u ire d , and In F eb . 1903 the road w as a b so rb e d .
Its secu rities, e x
ce p t those held b y C h ic. & N . W ., are In table a b o v e . V . 75, p. 514, 516.
In 1900-10 variou s p ro p rie ta ry roads w ere pu rch ased. V . 71, p 291. 294;
V . 73, p. 294, 1010; V . 7 5 . p . 446; V . 81, p. 840; V . 89, p. 671: V . 91,
p . 790. T h e s to ck h o ld e rs In O ct. 1909 a u th o rize d the co n s tr u c tio n o f new
lines an d bran ch es In S o u th D a k o ta , Io w a , Illin ois a n d W isco n sin a g g re g a t
ing a b o u t 465 m iles
T o build a p art o f these ex te n sio n s, th e Jam es R iv e r
V a lley & N orth w estern R y . w as In co rp o ra te d In J u ly 1909 to bu ild bran ch es
fro m B lu n t t o G e tty s b u rg and from O neid a t o H it c h c o c k , S o . D a k ., 130
m iles, an d the M ilw aukee S parta A N orth w estern R y . 178 m iles In M il
w au k ee, W au kesh a an d D o d g e co u n tie s , W Is.
In S e p t. 1910 a b o u t 100
m iles had been c o m p le te d a n d 250 w ere u n d er c o n s tr u c tio n . V . 89, p . 1410;
V . 91, p . 808.
C A P I T A L S T O C K .— O f the c o m . s t o c k , $ 2 ,3 3 4 ,0 4 2 , an d o f the pref. $ 3 ,
835, rem ain ed In c o m p a n y ’s treasury In J u ly 1910.
Pref. s to c k has p rior
right to 7 % ; then c o m . 7 % ; then p re f. 3 % ; then c o m . 3 % ; then b o th classes
share. In 1903 the a u th orized c o m . s to c k w as Increased fro m $ 4 1 ,4 4 » , joo
t o $77 ,6 0 1 ,0 4 5 and In O ct. 1906 to $ 1 7 7 ,6 0 4 ,8 0 0 .
V. 8 4 , p . 157.
S to ck h o ld e rs in Jan . 1910 su bscrib ed fo r $3 0 ,5 0 2 ,6 5 0 a d d itio n a l c o m m o n
s to ck at par, p a y a b le F eb . 14 1910, raising the a m o u n t o u tsta n d in g to $130,
121,500. V . 89, p. 1482.
„ ^
___ __
,
In M ch . 1910 U . P . system (O re. S h o rt Line) o w n e d $ 4 ,7 5 0 ,0 0 0 sto ck
T h e consolidated sinking fund bonds ot 1915 have v o tin g pow er.
RAILWAY STOCKS AND BONDS.
Oct . I910.|
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
C h icago & N orth W e s te rn — (C ontinued) —
Mlliv Lake Shore A W con s M (n ow 1st) g o l d . C e.c*
M ichigan D lv 1st M (fo r $3,000,000 ) g o l d - .- C e . c *
A sh lan d D ivision first m ortg age g o l d _______C e.c*
E x t A Im p M for $ 5,000,000 g s t n o t d r a w n .C e .c *
In c o m e b on d s (n ot cu m u la tive) n o c o u p o n s ____ r
Marsh E x t 1st M $600,000 ($ 15,000 p m ) . - U n , c *
O A N W s f bon d s o f ’ 79 ($15,000 p m )r’e d at 105F .cr
S inking fund d eb en tu re s 193 3___________U n .c * A r
C h ica go A N orth W estern 3 0 -y e a r d e b e n . U n .c* Ar
E x ten sion 4s $20 ,0 0 0 ,0 0 0 ($ 20,000 p r a ). U n .c A r
,
G eneral gold b on d m tg e $ 1 6 5 ,0 0 0 ,0 0 0 — U s .c 'A r
do
do
do
r e g is t e r e d . .
M an lt’c G r B a y A N W 1st g gu M (V 8 8 ,p 2 3 0 ) F .c* A r
MUw A S ta te line 1st M g g u ( V 8 8 ,p 230 ) . . F . c * A r
Branch L in e B on ds A ssum ed
B o y er V a lley R y 1st M g $16,000 per m ile .F .c * A r
M inn A la R y 1st M gold $16 ,000 per m ll e .- F .c * A r
M an k a to A N ew (Jim 1st M g o ld $ 4 1 6 , 0 0 0 . - F .c * Ar
S outhern Iow a first m tge s i , 120.000 g o l d . . F . c * A r
P rin ceton A N orth w 1st M $ 2 ,1 0 0 ,0 0 0 g o l i l - .F .c A r
P eoria A N orth w est 1st M $ 2 ,1 2 5 ,0 0 0 g o l i l - .F .c A r
S l„ u x C ity A P a cific 1st M gold $ 4 ,0 0 0 ,0 0 0 -- F .c A r
M inn A So D ak 1st M gold $ 5 2 8 ,0 0 0 ---------------F.c*
Io w a M in nesota & N orth w estern 1st M g o ld - F.c* &r
F rem Elk A M V con s M $ 25 ,000 per m ile assum ed
C on sol m tg e $ 2 ,000,000 gold ca ll at 105---------T a c*
In c o m e m tg e gold (te x t) n o n -cu m call at p a r ---------N ew Securities to be Issued under R eorgan ization P la n
Opn a’nrl refu n d in g M $1 5 ,0 0 0 ,0 0 0 g o ld re d t e x t
C h ic R i A P u R R - C o ll tr M $ 7 5 ,0 0 0 ,u u 0. _Ce c * A t
M ile s
R oad
D a te
B on d s
Par
V a lu e
Am ount
O utstanding
R ate
%
W hen
P a ya b le
L a st D ivid en d
and M a tu r ity
1881
1884
1885
1889
1881
40 1892
1,041 1879
1891
1891
1886
___ 1897
1897
114 1906
50 1906
$1,000 $5,000,000
M A N M ay
6 g
A
1,281,000
J J u ly
1,000
J
6 g
S M ch
1,000
M A
1,000,000
6 g
1,000
F A A Feb
4 ,148,000
5 g
6
M & N M ay
1,000
500,000
5
A & O O ct
1,000
400.000
A A O O ct
1,000 A c 11,648,000 5 A 6
M A N M ay
1,000 A c
5
9,6 9 5 ,0 0 0
5
A 15 A O A p r
1,000 A c g 9 .819,000
4
F 15 A A A u g
1,000 A c h ie .6 1 9 ,0 0 0
1000 Ac\ m See te x t /
3 ^ g M A N N ov
1000 A c /
F N ov
\ 3V6 g
.
A
J Jan
1,000 A c
3 ,7 5 0 ,0 0 0
3 )6 g J
A
J Jan
1,000 A c
2 ,5 0 0 ,0 0 0
3H g J
90
119
26
56
105
85
125
33
195
1,170
235
235
235
1898
1899
1899
1900
1901
1901
1901
1900
1900
1883
1900
1900
1900
1,440,000
1,000 A c
1,000 A c
1,904,000
P416.000
1,000
1,000 A c N o n e O c t ’ 10
1.000 A c n l .940.000
2 ,125,000
1,000 A c
1,000 A c 03.9 2 6 ,0 0 0
528,000
1,000
3,9 0 0 ,0 0 0
1,000 A c
7,7 2 5 ,0 0 0
1,000
1 950,000
1 000
1,000
2,000,000
1,000
2,000,000 U p
1902
1909
l .1)00 A c
413
82
40
693
0
4 ,000,000
2 ,000,000
71,207,500
3H g
3 )6 g
3 )6 g
3 )6 g
3 )6 g
3 )6 g
3 )6 g
3 )6 g
3 )6 g
6
4 )6
5 g
to 5 %
4 g
5
100 7 4 ,8 7 7 ,2 0 0 4 )6 in ’ 10
C h ic a g o R o c k Isl A P a cific R y — S to c k ($ 7 5 ,0 0 0 ,0 0 0 ).
a
764 1X77 1 000 A r 12,500 000
First M C h ic. 111., t o C ou n cil BlufTsA b ra n ch e s U s.c*
In a d d ition sinking fund J u ly 1910 h eld: g $181,00 0; h S 2 ,0 1 3 , 000; k $2 0 2 ,5 0 0 , m $ 1 ,045,0
o $74 ,000 ; p a ll I n s . f.
J
J
A
M
J
M
F
J
J
A
M
J
wh
A D
D
A O
S
A
A
J
s
A
A A
&
J
A
J
& O
A
s
A
J
earn.
VI A N
\T A s
Q uar.
J
A
J
00 (also
Deo
Jun e
O ct
S ept
Jan
Mch
Aug
Jan
Jan
O ct
Mch
J u ly
J u ly
1 1921
1 1924
1 1925
1 1929
1 1911
1 1922
1 1929
1 1933
15 1921
15 1926
1 1987
1 1987
1 1941
1 1941
1
1
1
1
1
1
1
1
1
1
1
1
1
1923
1924
1929
IP 25
1926
1926
1936
1935
1935
1933
1930
1930
1930
30 vears
N ov 1 200 2
S en t 1 1913
O ct L’ 1 *», 1 M %
J u ly l 1917
$1 9 ,7 9 2 ,0 0 0 o
P laces W here Interest and
D ivid en d s are P a yable
Co s o r r i c e . i i i i i w a y .N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
L ib e r ty r a t u a n n
J u ly ua c o u p last p aid
In t fr o m D e c 1 1909
First N ation a l B a n k N Y
O ffice 115 B ’ w ay N Y
First N ation a l Hank N Y
n 5 1 6 0 ,0 0 0 :
n h a n d );
O u t o f the $ 2 ,8 5 0 ,0 0 0 “ gen eral & r e fu n d in g ” 4 J^s, $850,000 w ill be p la ced
In th e tre a su ry , and It Is e s tim a te d th a t a ft e r p ro v id in g fo r th e flo a tin g d e b t
the new c o m p a n y w ill h a ve fre e treasu ry assetsln c ash an d "g e n e r a l an d re
fu n d in g m o r tg a g e ” b o n d s o v e r $ 1 ,0 0 0 ,0 0 0 to m ak e n e e d e d Im p ro v e m en ts .
T h e n ew c o m p a n y w ill h a v e a fix e d a n n u al ch a rg e o f a b o u t $15 4,00 0 f o r
th e first 6 y e a rs , w h ich w ill be th e r e a fte r In creased a b o u t $15 ,000 b y th e
in cre a s e In ra te fro m 3 % to 4 H % o n th e $ 1 ,1 0 0 ,0 0 0 n ew b o n d s Issued In
e x c h a n g e fo r o ld c o n s o ls.
S e cu rity -h o ld e rs w h o p re fe r n o t to m ak e a cash p a y m e n t as a b o v e p r o v id e d
are o lle r e d In new s to c k a t fa c e va lu e v o t in g tru st c e r tific a te s fo r
$1,000 In com e m tg e . b o n d s, $60 In new s to c k ; fo r $100 p r e f. s t o c k , $4 In
new s to c k ; fo r $100 c o m m o n s t o c k , $2 In new s to c k .
E A R N I N G S .— 12 m o s .,1 190 9-1 0_____ G ross, $ 1 ,7 6 6 ,9 6 7 ; n e t, $ 2 8 1 ,8 5 0
J u ly 1 to Jun e 30.
\ 1 908-09_____ G ross,
1,56 4 ,8 3 3 ; n e t,
163,902
R E P O R T fo r y ear to June 30 1909 w as In V . 9 0 , p . 104, s h o w in g , g r o s s ,
$ 1 ,564,833 ; net. a fte r ta xes, $11 2,50 1; o th e r In com e. $ 4 ,0 1 7 ; Interest an d
ren tals, $233,721; b a l., d e l.. $ 1 1 7 ,2 0 2 . C hief E x e c. O ffic e r , Jo h n P . R a m
se y , S p .ln g fle ld , III ; S ec. an d A u d ., H . W . B erger, S p rin gfield , III.; T r e a s .,
F . J . W ils o n .— (V . 90, p. 104, 1675.)
C n i L A G O R O C K I S L A N D & P A C I F I C R A I L R O A D — In c o r p o r a te d In
Io w a on July 31 1902 as an o p e ra tin g c o m p a n y , per plan V . 7 5 , p 239 t o
take o v e r th e C h ic. R I. A P a c. R ailw ay
T h e entire c a p ita l s tock
($145,000 000) Is ow n ed b y T h e R o c k Island (h o ld in g ) C o m p a n y
B O N D S .— T h e co lla te ra l trust 4s o f 2002 (a u th orized Issue $ 7 5 ,0 0 0 ,0 0 0 )
are secured b y a p led ge w ith th e tru stee o f an equa l a m o u n t o f th e stoek o f
T h e C. It. I. & P. R ailw ay as a c q u ir e d .
In Ju n e 1910 $ 7 1 ,2 0 7 ,4 0 0 o f th e
$ 7 4 ,877 ,20 0 R ailw ay s to c k had been a cq u ire d .
T h e $ 1 7 ,364 ,18 0 5s secured b y S t. L . A S. F . c o m m o n s t o c k w ere called
fo r p a y m e n t a t 102 H anil Interest on F e b . 1 1910, callin g fo r $ 1 7 ,7 9 8 ,2 8 2 ,
the sale o f the s to c k , It Is u n d e rs to o d , realizin g $ 1 0 ,8 5 2 ,6 1 2 .
I he rem ain der
o f the purchase price o f the co lla
.. t. tru st 5s w as p r o v id e d b y th e sale o f
$7 ,500,000 new 5s due S ep t. 1913, w h ich w ere pu rch ased b y I h e C . R . I . &
P . Iiy . and are held In Its tre a su ry.
V. 89, p . 1667.— ( V . 90, p . 771 .)
C H IC A G O R O C K IS L A N D & P A C IF IC RV — (.See M a p Rock. Islan d C o .,
pages 110 and 1 1 1 .)— T h e system e x te n d s from C h ica g o , III., v ia O m a h a ,
N eb. t o D e n ie r A C o lo ra d o S p rin gs, C ol
and via K ansas C it y , M o
to
Santa R o s a . N ew M ex. there co n n e c tin g w ith th e lines o f th e N ew M e x ico
R y . A Coal C o. and fo rm in g w ith them and th e S ou th ern P a cific a th rou g h
line t o the P a cific C oast: also from T u cu m c a r l, N . M ., to M e m p h is. T e n n .
and t o Fort W orth 'l ex , on th e sou th and on th e n o rth to M in n eapolis
M in n ., and W a te r to w n . S D . w ith n u m erou s bran ch es v iz .:
Leased— (* S ce this co.)M ile s .
M ilea ge owned—
M ile s .
Chic 111 . to C olo S p ’ gs, C o lo . 1,064 K e o k u k A D es M o in e s * --------- 162
47
T o ta l o p e r a tin g re v e n u e s ____________$ 7 4 ,175 ,68 4 $65 ,978 ,47 1 $ 6 3 ,219 ,34 4
D a v e n p o r t, la . to Terral I. T . 708 P eoria A Bureau V a lle y * . .
W h I t e & D l.R lv .V a l.* (V .9 0 ,p.502) 62
T o t a l net In com e_____ _________________ $21 ,525 ,37 1 $22 ,6 1 0 ,7 5 5 $ 21 ,855 ,48 5
H erln gton , K an. to T e x h o m a ,
R e n ts — d e b i t s __________________________
1,397,278
818 ,848
460 ,159
O . T ................
323 L ittle R o c k A H o t Springs
22
In terest on b on d s, e t c ________
7 ,5 8 3 ,4 4 7
7,6 0 3 ,9 2 6
7 ,505,184
W e s t e r n * .......... ......................
B u rl’g t ’n .I a .,t o M ln n ’ap.,M ln ti
308
S in k in g fu n d s and o th e r p a y m e n ts ___
246,149
252,687
251,450
V in to n , l a ., t o W a t e r t ’n , S. D . 376 R o c k I hL A rk . * L o u is i a n a .. - 307
D iv id e n d s on c o m m o n s to c k , 7 ?()_____
8 ,0 4 0 ,4 3 8
6 ,972,903
6 ,972,672
B ranch l i n e s . . .....................
2,055 T rackage to S t. L o u is , D e n v e r,
695
D iv id e n d s o n preferred s to c k , 8 % . . .
1,791,600
1,791,600
1,791,600
P u e b lo , A c ____________________
C apital stock all owned—
C h o c. O kla. A G u lf (le a s e d )___ 983
B a la n ce, s u rp lu s___________
$ 2 ,4 6 6 ,4 5 9
$ 5 ,1 7 0 ,7 9 0 $ 4 ,8 7 4 ,4 1 9
Chic. R 1. & El P a s o _________
'5 3 T o ta l m ileage o p e r . an d u n d er
c o n s tr u c tio n Jun e 30 1910. 8 .1 1 8
C h ic. R . I A G u l f ......................
476
O F F I C E R S .— P res., W m , A . G ardner, C h ica go; V .- P ., S. A . L yn ile;
St. L ouis K C. A C o l.................. 284
T r e a s ., R . H . W illia m s, N .Y .; S e c ., J o h n D avis C a ldw ell. N .Y ., 111 B w a y .
D ir e c to rs .— W . K . V a n d e rb ilt, F . W . V a n d e rb ilt, C h a u n cey M. D e p e w .
T h e R o c k Island Interests In A pril 1906 a cq u ire d a h a lf Interest In th e
Ja m es S tillm an , Jam es C. F a rg o , F ran k W o r k , N . Y ; M arvin H u g h ltt
Trinity & Brazos V a lley R y . , o w n in g a line from C lebu rn e t o H o u s to n T e x . ,
236 m iles, w ith branch to W a x a h a tch le , 70 m iles, and tr a c k a g e rights from
(C h a irm a n ), B y ron L . S m ith , C yrus II. M cC orm ick , C h au n cey K e e p ,
C leburne to F ort W o r t h , W a x a h a tch le t o D allas and H o u sto n t o G a lv eston
H o m e r A . M iller, Joh n V . F a rw ell, W m . A . G ardner, C h ica go; H . C. F rick ,
P ittsb u rg h P a .; D avkl P . K im b a ll, O liv e r A m e s, B o s to n ; Z enas Crane,
E x ten sion fro m L ittle R o c k , A r k ., to C rossett a n d S u m m e rv ille , A r k .,
D a lto n , M ass.— ( V . 90, p. 697, 1489; V . 91, p. 785 . 790, 806 . 1095.)
to E u n ice, A la ., 308 m iles, u n d er ch a rte r o f R o c k Isla n d A rkansas & L ou isi
ana R R . was co m p le te d e a rly In 1908. See B O N D S b e lo w .
In M ay 1910
C H IC A G O P E O R IA & S T . L O U IS R Y .— R O A D .— O w ns from Pekin to
110 m iles w ere o p e n e d fro m A m a rillo , T e x ., w est to iu c u m c a r l, N . M .
G ra n ite C ity , III.. 180 m iles; G ranite C ity t o M ad ison . 2 m iles; M adison to
B rid g e Jet , 3 m .; H a va n a to J a c k s o n v ille . III., 42 n ,.; branch L o ck h a v e n
under ch arter o f T u cu m ca rl & M em phis.
t o G ra fto n , 8 m • tota l o w n e d , 235 m .; tra ck a g e Pekin t o P e o ria . 10 m .;
H IS T O R Y — A c o n s o lid a tio n June 2 1 8 8 0 w ith $50 000 000 s to c k
In S p-ln gfield i 14 m .: to St. L ouis S tation 9 >n.; t o ta l. 255 16 'n il's
In J u ly 1910 $71 207 ,400
4 )0 o f the $ 774
4 ,877
,8 7 7,20
,200
0 ea
c a p ita
lta l siock
s to c k nau
had been
ueen uede
On J u ly 1 1909 P res. Joh n P . R a m se y an d H e n ry M . M errlam o f S p rin g
posited per plan V 75 p 23 9' , each
' $100 stoek
'
• >-b e in g e x ch a n g e■d fo r th e folfield , 111., w ere a p p o in te d receivers, th e J a n u a ry an d J u ly 1909 c o u p o n s
3- $100 In 10 0 -year 4 % gold b o n d s o f the C h ic. R . I. A
low in g securities:
on th e con sols b ein g In d e fa u lt. V . 89, p . 41. T h e C h ic. P eoria A S t. L .
and $70 pref.
co m s to ck o f, th, e “ R o c k
----- $100
■
P a c. Railroad (ojff Iow a ) ......
— and
R R . w as In corp ora ted as su ccessor on D e c. 6 1909, w ith $ 4 ,0 0 0 ,0 0 0 a u th .
Island C o m p a n y ” (o f N ew J e r s e y ), w h ich o w n s th e en tire c a p ita l s tock o f
stock .
V . 89. p . 1541.
In J u ly 1910 th e d a te o f fo re clo su re sale and re
the Railroad c o m p a n y .
See sta te m e n ts for th ose c o m p a n ie s.
orga n iza tion w ere aw a itin g decision In 2 -ce n t fare su it.
V . 90, p . 1675.
In 1902 m o st o f th e s to c k o f th e B u rlin gton C edar R a p id s A N or. and
Security-holders' Com m ittee.— C h arles H . W a rre n (C h a irm a n ), G e o rg e F .
R - c k 1st A P eoria was a cqu ired . and th eir roads leased from June t and
B a k er Jr. and A lfre d S h ep h erd (W . W . S te v e n s o n , 34 N assau S t ., S ecre ta ry ;
s u b se q u e n tly d eed ed to th e C. R . I- A P- V . 74, p . 1194, 1250. S t o c k
B a n k ers’ T ru st C o ., N . Y ., d e p o s it a r y ).
h olders will v o t e D e c. 15 1910 o n m ergin g th e C h icago It. I. A E l P a so, 153 m .
R E O R G A N I Z A T I O N P L A N .— T h e plan o f the s e cu rity -h o ld e rs ’ c o m
D IV I D E N D S —
I ’ 9 9 -’ 02. ’ 03. ’ 04. ’ 05. ’ 06. ’ 07. ’ 08. ’ 09.
1910.
m ittee d a ted J u ly 7 1909 (assen ted t o b y a large m a jo r ity o f all securities
S
ince 1897 _________ % ) 5 y ’ly . 7 M 8 M 6W 6 5M 5M 5 k f
4 )6
and d eclared o p era tiv e O ct. 26 1909) p ro v id e s th at a new c o . shall a cqu ire
In 1909, J a n ., 1 % ; A p ril, 1 M % : J u ly . 1 % ’ O c t ., 1 *A % . In 1910,
th e road a fte r foreclosu re , s u b je c t to th e $ 2 ,0 0 0 ,0 0 0 prior lien m o rtg a ge o f
J a n ., 1 % ; A p ril, l t f % : J u ly , 1%,’ O c t .. I'A % 1900, o f w h ich $ 1 ,9 5 0 ,0 0 0 are o u ts ta n d in g .
T h e co m m itte e Is g iv e n broad
Special distrib u tio n s, Incl. $1 63 per share Ju n o 17 1905, see V . 8 0 ,p .2 3 9 8 ,
p ow ers. Inclu din g sale In the c o m m o n Interest.
T h e plan (V . 89, p. 285) a u th o riz e s an Issue o f $ 1 5 ,000 ,00 0 "g e n e r a la n d
D ivid e n d s are Intended t o c o v e r o n ly Interest requ irem en ts o f th e C h ic .
r e fu n d in g ” 3 0 -y e a r g old 4 H s .
P resen t Issue, $2 ,8 5 0 ,0 0 0 , o f w h ich the
R . I . A P a c. R ailroad C o ., w h ich w ere re d u ce d on sale o f tho S t. L . A S . F .
$ 1 ,1 0 0 ,0 0 0 Issuable In ex ch a n g e fo r th e o ld con sols an d u np aid co u p o n s are
s to c k late In 1909.
V . 90, p . 626 , 628.
t o bear o ily 3 % Interest fo r the first 6 yea rs.
F o r six years the new
b o n d s .
- O l t h e g e n e r a l 4s o l 1 8 98 th o s e u n is s u e d a r e a v a i l a b l e a s f o l
b o n d s are to be s u b je c t to call a t p ar o n a n y In te re st d a te o n 60 d a y s ’ n o tice ;
l o w s - $ 2 1 , 9 0 0 .n o n a t n o t o v e r $ 1 ,0 0 0 . 0 0 0 p e r a n n u m f o r p e r m a n e n t I m p r o v e th e r e a fte r at 107 'A. O f the b o n d s, $ 2 ,8 5 0 ,0 0 0 w ill be Issued fo r use under
111. [ i t s a n d a d d i t i o n s , I n c l . e q u i p m e n t , a n d $ 1 2 , 5 0 0 , 0 0 0 t o r e t i r e t h e f i r s t 6s
th e plan ; $ 2 ,000,000 w ill be r e s e rv e d to refu n d p rior lien b o n d s a nd $150,000
i >17
B ankers’ Trust C o . N < w Y o r k , a n d l l c n j . S t r o n g J r . , t r u s t e e s .
fo r use In retirin g prior lien b o n d s an d $1 0 ,0 0 0 ,0 0 0 fo r e x te n s io n s , e tc .
J tg \ h s t r i c f In V
6 6 , p . 5 2 2 ; V . 78
p . 2 2 8 : V . 8 0 . p . 172.
T h e collateral trust gold 4.i o f 1902 ($24 0 0 0 ,0 0 0 a u th o rize d ) are secured
B a sis of E xchange o f Old S ecu rities fo r N ew .
hv d e p o sit o f all sto ck o f C h o c. O k la . A G u lf R R . V . 7 4 ,p 7 7 5 .8 2 9 93 6 . 1356
S ecu rities
A m ou n t
If Pag
N ew G en. & N ew Stock
D ep osited .
Out.
C ash .
R ef. 4 U s .
(V o t T r.)
R E F U N D I N G 4 % R O N D S O F 1904 ($ 1 6 3 ,0 0 0 ,0 0 0 A U T I I O I I I Z F D IS S U E )
$1,0 0 0 C on sol. M. b d s . . $ 2 , 0 00 ,000
.............
*$500 00
$625 00
A 1st lien (either d ir e ctly o r th ro u gh pledge o f en tire Issues o f b on d s or
100 O verd u e c o u p o n s
100,000
_______
*50 00
62 50
the co m p a n ie s o w n in g the sam e) o n term inal p r o p e r ty In S t. I aul an d
1.000 E q . & ca r. trusts
181 ,000
_______
1,000 00
----------M inneapolis, new e q u ip m e n t and sh o p s at M oline, III
and on rall1.000 In c o m e M . b on d s 2 ,0 0 0 ,0 0 0
$100 00
100 00
400 00
w av Piles a ggre ga tin g 1,148 m iles; also a Junior lien s u b je c t to e x is tin g
100 P referred s t o c k . 3 ,7 5 0 ,0 0 0
7 00
7 00
24 50
•norfrages on »ll the e th e r lines o f th e system o f th e R a i l w a y c o m p a n y , a g
100 C om m on s t o c k . . 3 ,6 0 0 ,0 0 0
3 00
3 00
9 00
grega tin g, e x clu s iv e o f leased lines a n d tra ck a g e , 5,708 m iles.
S ee V. 78,
p. 228, 234; V. 79, p. 1716, 2206; V. 84, p. 219: V. 85, p. 98; V. 85. p. 1478.
•“ In terest on these b on d s re d u ce d to 3 % fo r first s ix years.
D I V .— ) ’ 86 to ’ 93.
’ 94 ’ 95. *9(5 to ’ 99. '0 0 . ’ 01. ’ 02 t o ’ 09.
1910.
C om __ 1 6 y ea rly . 3
4
5 y e a rly .
6
6
7 ye a rly .
7
P ref . . I ----------- -------------- 7 y e a r ly --------------------------------------------8 y e a r ly --------B O N D S .— General M ortga ge.— S ee A b s tr a c t In V . 65, p. 1175. T h e
a u th o rized Issue Is $16 5 ,0 0 0 ,0 0 0 (U . S. T ru st C o ., tru ste e ); $ 13 1,64 5,0 00
w ere reserved to retire u n d erlyin g b o n d s, and rem ain der tor a d d itio n s and
Im p rov em en ts, $ 4 ,0 0 0 ,0 0 0 at o n ce and $ 1 ,0 0 0 ,0 0 0 a ye a r th ereafter.
V 65
p . 1070; V . 65, p . 69, 111, 571; V . 75, p . 980; V . 88, p . 280, 563.
In S e p t.
1910 $30 ,271 ,00 0] generals w ere o u ts ta n d in g in the han ds o f th e p u b lic .
In M ay 1910 $ 1 3 ,5 2 2 ,0 0 0 w ere au th o riz e d t o be Issued fo r r e fu n d in g a n d
im p r o v ’ ts, n on e o f w h ich was s o ld . V . 90, p . 1489.
I be sin kin g fund bonds o f 1879 are secured b y d e p o s it In tru st o f $15 ,000 ,
000 o f 1st M . b on d s at $15,000 p e r m ll e o n s u b sid ia ry lines, th e m o s t Im p o r t
ant bein g d escrib ed In "S u p p le m e n t ” Of M ay 1894.
O f th e sin k in g fund
b on d s o f 1879 $ 5 ,3 7 4 ,0 0 0 arc 6s; th e sin k in g fund Is at least 1 % o f o u t
sta n d in g b o n d s, w hich are s u b je c t to ca ll at 105, and th ro u gh Its o p eration
those o u ts ta n d in g h a ve been re d u ce d fro m $ 1 5 ,0 0 0 ,0 0 0 to th e a m o u n t In ta b le .
T h e exten sion bonds o f 1886 are secured b y d e p o sit In trust o f lirst m o r t
gage b on d s at a rate n o t e x c e e d in g $20,000 per m ile
In clu d e d In th e collat
eral Ju ly 1 1910 were $ 1 0 ,675 ,00 0 F re m o n t E lk h oru A M o. V a lle y I s t s a n d
$2 560 000 W y o m in g Central ls ts (co n s o lid a te d w ith F . E . A M . V . ) . &c.
T h e F rem on t E lkhorn & M is s o u r i V a liev co n s o ls h a ve a first lien on 1,170
m iles (F r e m o n t , N e b ., t o D e a d w o o d . 1). T , 557 m ile s , and bran ch es to
H astin gs A lb io n , A c ., 613 m ile s ). but besides th e a m o u n t o f Issue give n as
o u ts ta n d in g In th e ta b le , S i o ,675,000 (a lo n g w ith $2,560,000 W y o m in g
C entral firsts, A . F E A M. V Issue) are held as part co lla te ra l fo r C h ica g o
& N orth W estern ex ten sio n b o n d s o f 1886.
G E N E R A L F I N A N C E S .— S to ck h o ld e rs In F e b . 1907 su bscrib ed fo r
$ 2 4 ,1 0 1 ,6 0 0 c o m . s tock at par, and In J a n . 1909 fo r $30 ,5 0 2 ,6 5 0 a d d itio n a l
s to c k , th e proceeds to be used fo r Im p rovem en ts, exten sion s, e q u ip m e n t,
«fec. V . 82, p . 4 5 2 ; V . 83. p . 379, 817, 1098; V . 89, p . 1482.
N ew term inals
in C h icago to c o s t $ 20 ,000 ,00 0 are to be co m p le te d In 1910. V . 87. p . 479,
88 1 , 1159; V . 89. p. 670; V . 91, p. 807 .
In Jan . 1909 sold $1 6 ,2 5 0 ,0 0 0 3 H s.
In clu d in g $ 10 ,000 ,00 0 gen erals. V . 88, p. 230, 563.
E A R N I N G S .— 2 m o s .,/1 9 1 0 _____ G ross, $ 1 3 ,0 6 7 ,2 1 2 ; n e t, $ 3 ,9 6 6 ,3 8 5
\ 1909_____ G ross,
12,501,026 ; n e t,
4 ,2 4 0 ,9 9 7
J u ly 1 to A u g . 31.
R E P O R T .— T h e annual m eetin g Is held the third T h u rsd a y In O cto b e r
R e p o r t for 1909-10 at length In V . 91, p. 785, 8 0 6 ; e d ito ria l, p. 837.
O perating R evenu es—
1909-10.
1908-09.
1907-4)8.
A v e ra g e m iles o p e r a t e d _______________
7,629
7,635
7,631
F reigh t re v e n u e _________________________ $ 49 ,536 ,83 9 $43 ,619 ,09 1 $41 ,9 4 9 ,6 3 0
Passen ger r e v e n u e _____________
18,431,017
16,875,668 15,734,607
M all, express, A c . _____________________ 6,2 0 7 ,8 2 8
5,483,712
5,5 3 5 ,1 0 7
RAILWAY STOCKS AND BONDS.
Oct., 1910.]
R A IL R O A D C O M P A N IE S
[F or abbreviation s, & c . , see notes on first page]
M ile s
Road
D a te
B on ds
Par
V a lu e
A m ou n t
O utstanding
W hen
P a y a b le
R ate
%
Last D ividend
and M a tu rity
and
P laces W here Interest
D ivid en d s are P a ya b le
Ch cazo Rock Island & Pacific (C o n c lu d e d )—
G eneral m ortg a g e $ 1 0 0,00 0,0 00 g o ld _______ B a .c* & r
Coll tr M g Ser II t o P d u e y e a r ly red 101
___ Ce c*
R e t M $ 16 3,00 0,0 00 gold red 105 t o 191 1__C e c * & r
C ed ar R a p id s I F & N VV first m tg e gold g u a r .-C e e
B C R & N or co n s o l first m o r tg a g e g o l d - .C e .c * & v
M in n eapolis & St L ou is 1st M gold (a s s u m e d )- - F
R o c k Island & P eoria co n s 1st M (V 75 p 3 0 ) . . . Mp
C h oc O & G general (n o w 1st) M $5,500 .000 g _ c * & r
C h oc & M em 1st M $3,7 5 0 ,0 0 0 a s s u m e d .-G P c& i
L R o c k B rid ge 1st M assum ed g o ld red (te x t) G P .c*
„ Consol m tg e fsee t e x t ) $30 ,0 0 0 ,0 0 0 g o l d . . .G P .c *
R I A & L 1st M $ 3 0 ,0 0 0 ,0 0 0 g g u red 105 B a .x c * &r*
R o c k Is la n d -’ F rlsco T e rm 1st M g gu ar J o in tly ___ c *
P eoria R y T erm 1st m tg e g o ld gu a r Jointly r e d - .I C
2 n d m tge gu ar J oin tly ____________________ ______ R o u lp n otes d u e $325,000 se m l-an (V . 8 4 , p .3 3 8 ) Ba
do ser B , d u e $60 ,000 s a ________________________
d o ser C, g o ld , d u e $26 5,00 0 s -a _______________Cec
d o ser I) g $ 2 2 5,00 0 s-a (V 90, p 91 3 , 1 3 6 2 ) .-B a
C h ic & R 1 K iev M g gu ar p & 1 redeem at p a r -------c*
C on sol Ind C oal 1st M g lnt gu red 110 s f — G c* & i
C h ic a g o St L ou is & N ew O rleans— See Illin ois Centra!
Chicago St Paul M inn & O m a h a— C o m m o n s t o c k ------P referred s to c k n on -e u m In clu d in g scrip (see t e x t ) .
Ch St P & M inn 1st M gold E lro y t o L St C ass’d - . c *
St P & S io u x C ity 1st M g o ld $10,000 per m i l e . .C e e
N or W Is 1st M L a k e St C t o near S p o o n e r a ss’d .C e .c *
Sau lt S te M arie & S ou th w estern first M a s s u m e d ..c
C S t P M & O m t g e $ 3 0 ,0 0 0 ,0 0 0 ($15,000 p m ) .C e c*
do
;lo
c o n so ls Interest r e d u c e d ____
C h ic a g o S ou th ern — See S ou th ern In d ia n a
C h ic a g o S u b w a y — R e c e iv e r s ’ ctfs $ 3 ,5 0 0 ,0 0 0 g red par
111 T 1st M $ 3 0 ,000 ,00 0 g red 1 0 5 ................. ..................
F irst lien m tg e g o ld red 105 (see t e x t ) -------U sm .c* & r
C h ica go D ock M assum ed red 105 (V 68 p 3 3 3 )____
N otes secu red b y 2d M C h ic D o c k ___________________
T ex t
292
999
12
113
378
282
_ ._
335
308
____
____
1898
1902
1904
1881
1884
1877
1885
1894
1899
1899
1902
1910
1907
1907
____
—
. . .
—
____
. . .
1907
______
1909
1910
1904
1905
2 ,3 9 3
. . .
177
607
80
...
1878
1879
1880
1890
1880
1880
. .
1910
37
6(1
1903
___
—
1908
1899
$ 1 ,0 0 0 & c $ 6 1 , 5 8 1 ,0 0 0
1 ,0 0 0
1 1 ,9 5 2 .0 0 0
1 .0 0 0 & c
8 6 ,1 1 8 ,0 0 0
1 ,0 0 0
1 ,9 0 5 ,0 0 0
1 ,0 0 0 & c
1 1 ,0 0 0 ,0 0 0
500
1 5 0 ,0 0 0
5 ,0 0 0
4 5 0 ,0 0 0
1 ,0 0 0
5 ,5 0 0 ,0 0 0
1 000
3 ,5 2 5 0 0 0
1 ,0 0 0
2 1 5 ,0 0 0
1 .0 0 0
5 ,4 1 1 0 0 0
500 & c
1 1 ,0 0 0 ,0 0 0
1 ,0 0 0
3 ,0 0 0 0 0 0
1 ,0 0 0
9 4 4 .0 0 0
2 8 0 ,0 0 0
1 000
4 ,2 2 5 ,0 0 0
1 ,0 0 0
3 0 0 ,0 0 0
1 ,0 0 0
4 ,7 7 0 ,0 0 0
1 ,0 0 0
6 ,5 2 5 ,0 0 0
1 ,0 0 0
8 6 )0 0 0
1 ,0 0 0
2 ,6 8 2 ,0 0 0
100
100
500 & c
1 ,0 0 0
1 .0 0 0
1 ,0 0 0
1 000
4 g
4
4
5
5
7
g
g
g
g
g
6
5
5
6
5
4
5
j
g
g
g
tr
M g
g
g
J
M
A
A
A
J
J
J
J
J
\l
M
.1
J
4>*
6
4 H
F
&
&
&
&
&
&
*
&
&
&
A
J
&
A
M
5 g
5 g
1,000
1 .0 0 0
1 ,0 0 0
3 .0 0 0 ,0 0 0
S ee te x t
A
J
6 6 5 ,0 0 0
3 3 3 ,7 5 0
&
&
&
&
&
&
&
A
g
J
J
See te x t
&
J Jan
M ay
A p r
O ct
A p r
D June
.1 J u l y
.1 O c t
J Jan
.1 J u l y
N M ay
S M ch
.1 J a n
J Jan
N
O
O
o
1 1988
1 9 1 1 -1 9 1 8
1 1934
1 1921
1 1934
l 1927
1 1925
1 1919
l 1949
1 1919
1 1952
1 1934
1 1927
1 1937
F irst N a t . B a n k , N . Y .
do
do
do
do
First N a tio n a l B a n k , N Y
do
do
do
do■
do
do
do
do
do
do
do
do
do
do
N ew Y o r k , L o n d o n , &o
N ew Y o r k and St L ou is
N ew Y o r k
5
1 8 ,5 5 9 ,0 8 6 7 In 1 9 1 0
1 1 ,2 5 9 ,9 1 1
1 [2 7 7 ,6 6 6
8 g
6 ,0 7 0 ,0 0 0
6 g
6 3 1 ,0 0 0
6
3 5 0 ,0 0 0
5
6
1 6 .4 1 2 ,0 0 0
3 ,7 3 4 ,0 0 0
3X
1,000 &c
&
5
5 g
5 z
4 g
4
F
P
M
A
J
M
J
A
J
A
o
o
F eb ’l l F eb
A p r ’ 1 1 -A p r
A p r ’ 1 1 - O 'c t
N M a y ’ 1 1 -M a y
O O ct
1 1924
D J u n e 1 1935
&
&
&
&
&
&
&
&
&
O A p r 1 1912
D D e c 1 1928
D Jun e 1 1928
O 1929
J J u ly 1 1909
&
A
A
N
1 9 1 0 3 V.
1 9 1 0 3 y2
1918
1919
1930
1915
1930
1930
A u g 20
A u g 20
M ay 1
<) A p r 1
J Jan 1
N N ov 1
1) J u n e 1
D June 1
&
&
&
'\ 7
F irst N a tio n a l B ank N Y
’ 13
'1 9
'2 5
First T r & S a v B a n k Chic
G u a ra n ty T ru st Co N Y
O ffice 111 B ’ w a y N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
N a t C ity B k , N Y & Ohio
Jun e 1909 c o u p la st paid
Jun e iu l 8 c o u p last paid
N orth ern T r Co C h icago
C H IC A G O R O C K IS L A N D & P A C IF IC R V . (C o n c lu d e d ).
fu rth er Issue o f re ce iv e rs’ ce rtfs. can be m ade w ith o u t p ro v id in g fo r p a y m e n t
O f th e $ 8 6 ,1 1 8 ,0 0 0 o f these b on d s o u ts ta n d in g In J u ly 1910, $ 2 9 ,8 1 8 ,0 0 0
o f this Issue. V. 90, p . 771 , 848 ; V . 91, p . 462 . It Is p ro p o se d to reorgan ize
had been Issued fo r r e fu n d ’ g p u r p o s e s ,$ 1 5 ,000 ,0 0 0 to reim bu rse treasu ry,
th e enterprise an d p la ce It In p o s itio n to be op e ra te d p r o llta b ly .V 89 p 1482.
$ 2 3 ,8 0 0 ,0 0 0 fo r a cq u is itio n o f p r o p e r ty o r secu rities an d $ 1 7 ,5 0 0 ,0 0 0 fo r Im
R eorgan ization C om m ittee.— W illia m S te w a rt T o d , H en ry W . F o rest and
p r o v e m e n ts . O f the rem ain in g $7 6 ,8 8 2 ,0 0 0 b o n d s a u th o riz e d , $ 5 2 ,2 0 7 ,0 0 0
L . C. K ra u th ofI rep resen t all classes o f securities o f the C h icago S u b w a y C o .,
were reserved fo r u n d erly in g b o n d s , $ 1 3 ,5 0 0 ,0 0 0 to p a y fo r 7 5 % o f the p u r
Illin o is T u n n el C o. an d C h icago W are h o u se C o ., b e in g ch osen b y a large
chase p rice o f b o n d s o f o th e r co m p a n ie s , an d the ba la n ce fo r Im p ro v e m e n ts
m a jo r it y o f e a c h .
V . 89, p . 1482, 1541.
and a cq u is itio n s o f o th e r pro p e rtie s o r se cu ritie s. In O ct. 1908 $ 9 ,0 0 0 ,0 0 0
In D e c. 1909 S u tro B ros. & C o. requ ested h olders o f Illin ois T u n n el b on d s
w as s o ld . In M ch . 1909 $ 3 ,4 8 6 ,0 0 0 , In A u g. 1909 $ 1 ,4 9 4 ,0 0 0 a n d In J a n . 1910
to c o m m u n ic a te w ith them to p r o te c t their Interests. V . 89, p. 1542.
$3 5 0 0 ,0 0 0 , In A pril 1910 $ 1 ,7 1 4 ,0 0 0 , m a k in g $ 8 5 ,1 3 6 ,0 0 0 o u ts ta n d in g as
S T O C K .— T h e a u th o rize d s to c k Is $ 5 0 ,0 0 0 ,0 0 0 , o f w h ich $ 5 ,0 1 8 ,8 0 0 re
above.
V. 8 7 , p . 1089, 1410: V . 8 8 , p . 623 , 822; V . 89. p . 666; V . 90,
m ains In the treasu ry unissued; par va lu e o f shares, $100.
p . 108, 236 , 1170, 1424. P eoria R y . T e r m , first 4s ($ 1 ,5 0 0 ,0 0 0 a u th . Issue),
B O N D S .— In 1908 It was arran ged to e x c h a n g e per plan V . 86, p. 1284,
gu ar. Join tly w ith C h ica g o & A lto n , are s u b je c t to call at 102
a fte r 10
1467, the o u ts ta n d in g $ 1 7 ,0 0 0 ,0 0 0 Illinois T u n n el 5 % b o n d s fo r C h ic. S u b .
years; also J oin tly g u a r. $ 2 8 0,00 0 s e co n d 5s.
V . 85, p . 150.
2 0 -y e a r 5 % first lien b o n d s secu red b y de p o sit o f the T u n n e l b o n d s , the
A s to C h ic. R . I . & P a c. E leva tor m tg e ., see V . 79, p. 2590; V . 82, p. 750.
s to c k o f the T u n n el C o. an d b y o th e r p r o p e r ty , In clu din g the s u b w a y c o m
A s to C on sol. In d ia n a Coal 5s, Interest g u a r ., sec V . 8 0 , p. 2401, 2623;
p a n y ’ s Interest In the s to c k o f th e C h icago W a re h o u se & T e rm in a l C o. O f
form o f g u a r a n ty , V . 82, p . 1499.
R o c k Isla n d -F rlsco T erm in al R y . 5s,
the b o n d s, $ 1 5 ,8 7 0 ,0 0 0 first lien b o n d s h ad been issued In M ch . 1910 In
guaran teed Join tly , V . 84, p . 569, 748.
e x ch a n g e fo r Illin ois T u n n el b o n d s, $ 1 ,1 0 5 ,0 0 0 w ere In th e han ds o f the
R O C K I . A R K . & L A . 1S T M . 4 H S , G U A R . P . & / . , $ 3 0 ,0 0 0 ,0 0 0 A U T H .
p u b lic and the rem ain in g $ 1 3 ,0 2 5 ,0 0 0 , w ith $ 6 ,0 0 0 ,0 0 0 C h icago S u b w a y
Secu red b y a d ir e ct first lien o n 3 08 .20 m iles, w ith tra ck a g e rights o v e r
first lien b o n d s, w ere p ledged as co lla te ra l fo r floatin g d e b t .
V . 87, p . 166;
37 .8 9 m iles an d o n e q u ip , w o rth a b o u t $ 1 ,6 0 0 ,0 0 0 .
O f th e rem ain in g V . 88, p. 100. C h icago o ffic e , 1779 M onroe S t .— (V . 89, p. 778, 918, 1482,
b on d s, $ 1 0 ,0 0 0 ,0 0 0 are Issuable fo r new m ileage at a ctu a l c o s t , n o t e x c e e d 1541; V . 90, p . 771, 848; V . 91. p. 462 .)
'n g $30 ,0 0 0 per m ile, an d $ 9 ,0 0 0 ,0 0 0 a t c o s t o f a d d itio n s an d be tte rm e n ts to
CHICAGO TERMINAL TRANSFER RR.— See B a ltim o re & O h io Chi
p rop erties o n w h ich th e m tg e . Is a first lien.
V . 90, p . 626 , 699.
c a g o Term inal R R .
L A T E S T E A R N I N G S .— J191 0.......... G ross, $ 1 1 ,4 1 0 ,2 1 9 ; net, $3,1 2 3 ,8 1 9
CHICAGO & WESTERN INDIANA RR.— O w ns a v a lu a b le term in al
2 m o s ., J u ly 1 to A u g . 3 1 .1 1 9 0 9 ........... G ross, 11 ,3 9 3 ,7 3 4 ; n e t, 3 ,905,707
system o f roa d s a fford in g e n tran ce Into C h ica go t o the roads n am ed b e lo w .
Its lines e x te n d from D earborn S ta tio n , P olk S t ., C h ica g o , to D o lto n , 17 m .;
R E P O R T .— F o r fiscal y e a r 1909-10 In “ C h ro n icle ” O c t . 29; also e d it.
also t o Indian a S tate line, 10 m ., to C ragin, 16 m ., an d to S ou th C h ica g o, 0
Year ending J u n e 30—
1909-10.
1908-09.
1907-08.
m .; to ta l. 48 m .; total tra ck , Inclu din g 2d, 3 d , 4th tracks an d sid in gs, 260
A v e ra g e m iles................................................
8,043
8,0 2 6
7,969
m .; also ow n s o v e r 1,200 acres o f real esta te, passenger and fre igh t ya rd s,
T o ta l o p e ra tin g r e v e n u e .....................
$ 6 6 ,2 2 0 ,5 7 9 $61 ,1 8 4 ,8 8 7 $ 5 8 ,484 ,19 7
w areh ou ses, e le v a to rs, & c. T h e B elt R y . o f C h ica go leases an d o p era tes
O p era tin g Incom e (after t a x e s ) ............... $ 1 5 ,2 7 4 ,5 0 9 $16 ,4 0 0 ,5 2 7 $ 14 ,558 ,12 2
T o ta l n et In com e ........ ................................. 15,497,741
16,611,998 14,686,756
116 m iles o f the 300 m iles ow n e d b y the Ch. & W . I ., Its securities bein g all
held b y the com p an ies leasing the C h icago & W . I .; see V . 60, p . 1058.
In terest an d ren ta ls.................................... 1 0 ,749,860 10,445,767
9 ,958,454
P r o p o s e d passenger sta tio n , V 8 9 , p . 162.
D iv id e n d s ...................................................... 3 ,7 4 3 ,2 7 2 (5 )4 )3 9 3 0 0 1 0 (5 M )3 9 2 9 7 8 5
L E A S E S .— T h is c o m p a n y ’ s road and term inals a r e .le a s e d u n d er p er
B a la n ce, su rp lu s..........................................$ 1 ,0 0 4 ,6 0 9 $ 2 ,2 3 6 ,2 1 2
$798,516
petual co n tra cts to the W a b a sh , the G rand T ru n k W e s t ., the C h ica go &
Eastern Illin ois, the C h icago & Erie and the C h icago In d ia n a p olis & L ou is
O F F I C E R S .— P r e s ., H . U . M udge; V Ic e -P r e s ., S e c. an d T r e a s .,
ville, each o f w h ich five co m p a n ie s ow ns $1,0 0 0 ,0 0 0 s to c k .
T h e y are also
G eo. H . C r o s b y , C h ica g o ; V Ice -P re s. a n d A sst. S e c ., G eo. T . B o g g s, N . Y ..
leased to the A tc h is o n , the E lgin J oliet & Eastern and Belt R y .
Annual
A sst. S e c . a n d A sst. T r e a s .. J . J . Q u in lan . N . Y . o ffic e , 115 B r o a d w a y .—
rental m ust alw a ys ex ce e d at least 2 0 % ln t. on b o n d s o u ts t.
V . 78, p. 810.
(V . 90, p. 626, 848 , 913, 1170, 1362, 1424; 1675; V . 91, p . 711 , 1095.)
D I V I D E N D S .—
V 9 5. ’ 96. ’ 97. ’ 08. ’ 99.
’ 00 to S< p t ’ lO .
C H IC A G O ST. P A U L M IN N E A P O L IS & O M A H A R Y .— (See M a p C h i
6
6
6
6
6 y e a rly .
Per c e n t.....................................7>$
cago & N orth W estern . ) — R O A D .— E lr o y , W Is., to O m a h a, N e b ., 593 m iles;
oth er lines, 1,146 m .; total J u ly 1 1910, 1,739 m iles, o f w h ich 1,669 are
B O N D S .— T h e general m o rtg a ge b o n d s arc draw n a t 105 an d Interest In
ow n ed an d 70 m iles leased.
V . 69. p. 1147.
such annual am ou n ts as w ill retire the d e b t b y m a tu rity .
H I S T O R Y .— T h is w as a co n s o lid a tio n J u ly 1880 o f the C h ica go S t. P aul
O f the c o n s o l. 4s o f 1902 (a u th . Issue $ 5 0 ,0 0 0 ,0 0 0 ), $ 2 0 ,2 4 5 ,6 6 7 has been
& M in neapolis, the N orth W iscon sin an d the S t. P aul & S io u x C ity.
sold on a c c o u n t o f track ele va tio n an d o th e r lm p r’ ts, $6,7 3 8 ,3 3 3 a d d ition a l
In N o v e m b e r 1883 C h icago & N orth W estern R y . p u rch ased c o n tr o l,
w ere used to re fu n d bon d s ca n ce le d b y on era tlon o f the sin kin g fu n d , $ 7 ,
v iz .. $ 9 ,3 2 0 ,0 0 0 c o m m o n and $ 5 ,3 8 0 ,0 0 0 preferred.
7 2 3 .0 0 0 are reserved to retire u n d e rly in g b o n d s and $ 7 ,6 3 0 ,0 0 0 for future
S T O C K .— A u th o riz e d c o m m o n , $21 ,4 0 3 ,2 9 3 ; p referred , $12 ,6 4 6 ,8 3 3 .
a d d itio n s e qu a l to at least th e p ar va lu e o f th e b o n d s Issued. T h e Item o f
H eld b y th e c o m p a n y Jun e 30 1910, co m m o n sto ck an d scrip , $2 ,8 4 4 ,2 0 7 ;
$20 ,245 ,66 7 Includes $ 1 2 ,2 7 1 ,0 0 0 sold In D eo. 1908, p a rt o f w h ich w as
p referred s tock and s crip , $ 1 ,3 8 6 ,9 2 1 . P referred s to c k has a prior right
used to retire the $ 8 ,0 0 0 ,0 0 0 co lla te ra l trust n otes called fo r p a y m e n t
t o n o n -c u m . d iv id e n d o f 7 % , b u t c o m . Is n ever to re ce ive m ore than pref.
F eb . 1 1909. V . 87, p . 3 6 , 1604, 1663; V . 8 8 , p . 100, 374 .
D I V S .— 1 ’ 9 3 -’ 9 6 , '9 7 . '9 8 .. 9 9 . '0 0 . '0 1 . '0 2 . ’ 03. ’ 04. ’ 0 5 -’ 09.
1910.
A N N U A L R E P O R T .— Fiscal y ear ends D eo. 31.
R e p o rt fo r 1909 w as In
C ora. _ . % ) N on e.
2
2 3J$
6
5
8
6
6 7 y ’ ly .
7
V . 91, p. 211 , s h ow in g gross in co m e , $ 2 ,4 3 7 ,0 9 8 ; ln t., & c ., $2,(>81,600;
P r e f ___ — J-------------------- 7 p er an n u m (3 H F . & A . ) ---------------------------------------d lv s ., $ 30 0,00 0; b a l., $ 5 6 ,3 9 8 . P r e s ., H o w a rd G . H c t z lc r .— (V . 01, p . 3 9 6 .
B O N D S .— T h ere are $ 1 ,5 0 0 ,0 0 0 S u p erior S h o rt L in e R y . b o n d s w h ich
CHIHUAHUA & PACIFIC RR.— C h ihu ahua, M c x ., to M ln aca, 125 m iles;
are o w n e d . C h ica go S t. P aul & M in neapolis first 6s, d u e 1918, and N orth
E. C arplo J e t. to T e m o s a ch lo , M ex , 55 m iles. S co K ansas C P y M ex ico &
W iscon sin first 6s, d u e 1930, are e x ch a n g e a b le at o p t io n o f h old er a t an y
O rient sta te m e n t and V . 71, p . 181. S to c k Is $ 2 ,8 6 0 ,0 0 0 : par o f shares,
tim e, $ fo r $ , fo r c o n s o l. 6s o f 1880, d u e 1930. V . 68, p . 521; V . 77, p .2 3 8 9 .
5100.
B on ds, see table a b o v o .
In M ch. 1909 the M e xico N orth w estern
E A R N I N G S .— 2 m os.,J 1910.............G ross, $ 2 ,7 0 4 ,7 6 9 ; n e t,
$87 4,30 2
R y . acqu ired th e s to ck an d b o n d s.
V . 8 8 , p . 7 4 8 .— (V . 8 8 , p . 748 .)
J u ly 1 to A u g . 31.
\ 1 90 9_______G ross,
2 ,3 4 3 ,9 9 5 ; n e t,
726 ,844
CINCINNATI BLUFFTON & CHICAGO RR — R o a d Is p r o je cte d
from H u n tin g to n to U nion C ity , I n d ., 75 m ., o f w h ich DIulTton to H u n tin g
R E P O R T .— Y e a r en ds Ju n e 30. R e p o r t fo r 1909-10, V . 91, p. 786.
190 9-1 0.
1908-09.
1907-08.
to n , 52 m iles, co m p le te d . V . 8 4 , p 1182.
On M arch 14 1908 Joh n O.
Curtis w as a p p o in te d receiver.
V . 8 6 , p . 720 . T h e S e p t. 1908 c o u p o n w as
T o ta l o p e ra tin g re v e n u e ............................ $ 1 5 ,0 9 5 ,0 2 3 $ 1 3 ,5 2 4 ,6 5 0 $ 1 2 ,840 ,36 9
n ot paid w h en d u e .
R e ce iv e r’s ce rts. M ay 1909, $12 5,72 2 6s, d u o In 4 m os.
O peratin g expen ses a n d t a x e s ............... 10,571,958
9 ,4 7 4 ,1 0 8
9,106,121
to 2 yea rs' tim e . V . 88. p . 1313. In M ch . 1910 a p p lic a tio n w as m ad e
fo r sale o f r o a d u nd er $ 95 ,000 d e fa u lte d r e ce iv e rs ’ c e rtlllca tcs .
V 90, p.
N et o p e ra tin g In com e..............................$ 4 ,5 2 3 ,0 6 5
$ 4 ,0 5 0 ,5 4 2 $3,7 3 4 ,2 4 8
T o ta l net I n c o m e ...................................
$ 4 ,6 6 5 ,6 6 0
$ 4 ,1 7 3 ,6 0 6 $3,950,764
697. Sale o f ro a d w as t o be set a t O c t . 1910 term o f c o u r t.
B o n d h o ld e rs ’
c o m m itte e , V , 87. p. 873.
In terest on b o n d s ...............................
1 ,611,567
1,602,773
1,5 7 9 ,0 4 7
R en ta ls an d m iscella n e o u s........ ............
4 38 ,808
308 ,593
266,663
S to c k , $ 1 ,1 2 5 ,0 0 0 , all o f o n e cla ss. Issuable $15 ,0 0 0 p er m ile; p a r o f
shares. $ lu o e a c h .
B o n d s , s e e ta b le a b o v e .
V. 8 4 . p. 4 4 9 .5 0 9 .
F or y ear
D iv id en d on c o m m o n s to c k ( 7 % ) ____
1 ,298,934
1 ,298,934
1,298,934
e n d in g Jun e 30 1909, gross, $ 83 ,883 ; n e t, $21 ,123 ; ln t. and ta x e s , $51,315;
D ivid en d on p referred s to c k ( 7 % ) . . .
787 ,9 7 6
787 ,976
787,976
b a l., d e f ., $ 3 0 ,1 9 2 .
P re s ., S. H . B r a c e y ; S e c ., Charles B lack bu rn ; T r e a s ..
N et surplus fo r y e a r ..............................
$ 5 2 8,37 5
$ 1 7 5,33 0
$18,144
W m . G e o rge . O ffic e , 1606 T rib u n e B ld g ., C h ica g o , 111.— (V . 90, p. 697.)
— (V . 87, p . 285, 8 6 9 ; V. 89, p . 162, 775 , 1141; V . 91, p . 786.)
CINCINNATI FINDLAY & FORT W AYN E RY — O w ns F in d la y , O ., t o
C H IC A G O S O U T H E R N R Y . — See S ou th ern In d ia n a R y .
Ft. W a y n e , I n d ., .80 m ; also c o n n e c t in g link w ith the Cln. H a m . & D . from
D elphos to M andate, 12 n r., c o m p le t e d O ct 15 1904.
V . 77 p. 88 694.
C H IC A G O S U B W A Y C O .— I n c o r p o r a te d in N ew Jersey N o v . 21 1904
Leased to Cln. H a m . & D . for 99 y e a r s fro m N o v . 1 1903, w ith p riv ileg e o f
an d h old s all bu t $2,6 0 0 o f the $ 3 0 ,0 0 0 ,0 0 0 a u th o rize d an d o u tsta n d in g
renew al for like periods fo re v e r.
V . 7 8 , p 286.
S to c k , $ 1 ,2 5 0 ,0 0 0 , all
s to c k o f the Illinois T u n n e l C o. a n d o f th e s to c k s o f the Illin ois T e le p h o n e
ow n ed by th e Cln H am . & D .. w h ich gu aran tees b o n d s, prln . an d Interest.
C on stru ction C o. an d the C h icago W are h o u se & T erm in al C o.
M tge. Is lim ited b y special a g r e e m e n t to $ 1 ,1 5 0 ,0 0 0 , o r a b o u t $12 500 per
The Illinois T u n n el C o. had c o m p le t e d , O ct. 1908, 58 m iles o f tunnel
m
ile.
B on ds are s u b je c t t o call at 10 2 H an d Interest.
V . 78 p 286 342,
e q u ip p ed w ith n arrow -gau ge ele ctric m o to rs and cars, design ed fo r the
701. F o rm o f g u a ra n ty , V . 78, p. 701 .— (V . 90, p. 697.)
’ '
tran sfer o f freight betw een the v ariou s railroad term inals In the C ity o f Chlo a g o , and from these term inals to and fro m the d o w n to w n business d istrict
CIN. GEORGETOWN & PORTS. RR.— See “ E le c tr ic R a ilw a y S e c t io n .’ ’
an d betw een business houses.
It Is still en gag ed In d e v e lo p in g and e x te n d
CINCINNATI
HAMILTON
&
DAYTON
RY
—
The
system
Includes:
ing the s y s tem . See V . 86, p . 720; V . 87, p f 1357.
Road ow ned—
M ile s .
P rop rieta ry roads—
A llie s .
O n D e c. 1 1909 the Interest on the first lien b o n d s w as d e fa u lte d an d rcCincinnati to D a y to n , O ________
59 C incinnati Ind. & W e s te rn _____*361
celv ers w ere a p p o in te d fo r the c o n tro lle d p r o p e rtie s , the Illinois T u n n el Co
D a yto n to I r o n to n . O ___________ 165 C incinnati & D a y t o n . . ............. 13
a n d C h icago W areh ou se & T erm in al C o. (D a v id R . F organ an d Charles G .
D a yto n t o D e lp h o s, O ___________
95 C olu m bu s F in d la y & N o r t h e r n ..
18
D aw es fo r the form er and E d w in A . P o tte r fo r the la tte r ).
In F e b . 1910
T r a c k a g e .......................
62 B o w lin g Green R R ----------------------19
foreclosu re su it was b ro u g h t u nd er th e 111. T e rm . m tg e . o f 1913.
R oads leased— (* S e e th ls C o.)
P lqu a &. T r o y B r a n ch ----------------8
In 1910 $ 3 ,0 0 0 ,0 0 0 o f a u th . Issue o f $ 3 ,5 0 0 ,0 0 0 2 -year re ce ive rs’ certfs
D ayton & M ic h ig a n ______________ *142 C ln cln . F in d . & F t . W a y n e ___ *91
w ere s o ld , secu red b y a first lien on all the p r o p e r ty o f the 111. T u n n el Co"
H om e A v e . R R . . ...........................
3
u C h icago S u b w a y C o ., to c o m p le te the te le p h o n e s y s te m , o p e n e d O ct"
T o ta l o f a ll--------------------------------1,036
1910 w ith a b o u t 20,000 su b scrib ers. S h o u ld this be Increased to . sav
O w ns $ 1 1 ,0 0 0 ,0 0 0 Pere M a rq u e tte R R s t o c k ; also ow n s D a y to n & U n ion
3 0 ,000 su bscrib ers b y A p ril 1910, a new issue o f $ 5 ,0 0 0 ,0 0 0 certifica te s wlli lo ln tly w ith C le v . C ln. C h ic. & S t. L. a n d Join tly w ith S ou th ern R y . c o n tr o ls
p r o b a b ly be m a d e to redeem th e certificates an d fo r fu rth e r e x te n s io n s . N o
Cln. N ew O rl. & T e x . P a c . R y .
V . 7 5 , p . 978.
Chicago & Western Indiana— S to c k (see t e x t ) . - - - - - -
G eneral m ortg a g e gold sink fu n d s u b j t o call 1 0 5 .c*
C ons M $ 5 0 ,000 .0 0 0 g ........................... ................ IC .c* & r
Chlcazo & West Michigan— See Pere M a rq u e tte H R
Chlcazo Wisconsin & Minnesota— See W isco n sin Cent
Chihuahua & Pacific— First M gold................- - - - - M a
Choctaw & Memphis— See C h ic R o c k Island fc P a c R y
Choctaw Okla & Gulf R R — S e e C h ic R o c k I & P a c R y
Cincinnati Bluffton & Chicago— 1st M $ 1 ,500,000 g .c +
Cincinnati Dayton & Ironton— See Clncln Ila m & D ay
Cincinnati Find & Ft W — 1st M g guar end r e d - - N c*
Cincinnati Hamilton & Dayton— C om m on s t o c k — - P r e f,5 % (rem a ln ’ g $ 7 ,7 5 1 ,4 2 5 c a n ce le d ; V 9 1 ,p 1092)
S econ d (n ow first) m o r tg a g e g o l d -----------------------Fc*
G eneral m o r tg a g e $7 son o o o g .il d ------------------ Ale c*
C incinnati D a y to n & C h icago first m tg o g o l d - - - - - N
Cln D a y & Iron ton 1st M g g u a r (a s s u m e d )— C c.e *
CIn H a m fc D a y to n co n so l m o r tg a g e ---------------------Ce
C incinnati fc D a y to n 1st m o r tg a g e ----------------------------T o le d o F in d la y fc Springfield 1st M -------------------- - -
1st & ref M $ 7 5 ,0 0 0 ,0 0 0 a u th , p art g u _ B a x .c* & r *
G eneral m ortg age $20 ,0 0 0 ,0 0 0 red eem able t e x t -.C e
C oll tr p u r m n otes $11,557,000 g gu p & l r c d p a r C e .x c
Car trusts gold $54 o o o d u e s-a begin O ct 0 0 _ - C c .c
Car trusts $92,000 d u e semi a n n u a lly --------------------
Car trusts Ser A d u o $11 0,00 0 se m l-a n n ------------ - B a .
In d D ee fc W 1st M gold r e d ln o t g u aran teed . . C e
at 1 1 0 ..................- .................. - (g u a r p & I ( e n d ) . , c
C I & W 1st & ref M $8,2 0 0 ,0 0 0 g gu p & I e n d - . T a
D a y to n fc M ichigan 0 st m o rtg a g e guar p fc I e n d - . c
P Iqu a fc T r o y 1st M $250,000 gold gu a r p fc I - . - . c
C incinnati Find fc F t N 1st M g gu ar end r e d - .N c *
CIncin & Ind W e s te rn — See C h icago Clncln fc L o u lsv
C in cin n ati In d ia n a p olis & W e s te rn — See C incinnati H
C incinnati In ter-T erm in al R R — 1st p re f stk (see te x t)
C in cin n ati Lebanon & N orthern— First m o r t g a g e .. .c
1st con M $1,500 000 g gu p & I end (V 75 p 1398) . c *
Cln & M usk Val— 1st M $2 o o o o o o g gu p fc 1 end F .c*
In cl. Ju n e 30 1910 b $ 4 ,3 0 0 ,0 0 0 In treas. and $1,
1908. c $ 2 ,0 6 4 ,0 0 0 In treas. a n d $300,000
D ate
B on ds
Par
V a lu e
R ate
%
48
1882
1902
$100
1,000
l.OOO&c
$5 000 ,000
7 .5 3 3 ,6 6 7
35,9 8 4 .0 0 0
6
6 g
4 ft
J
180
1905
1,000
2 360 .000
5 g
J
fc
J Jan
1 1955
O ffice 80 B r o a d w a y , N Y
62
1903
1,000
A s COllat.
5 g
M
fc
S S ept 1 1933
S e p t ’ 08 c o u p o n n o t p a id
91
1903
59
59
95
167
A ll
13
14
A ll
All
1887
1892
1892
1891
1905
1887
1889
1909
1909
1908
1905
1904
1910
1 1895
11895
1002
1881
1899
1003
1,000
1,150.000
4 g
100
8 ,0 0 0 ,0 0 0 See t e x t
100
248,575
1,000
2,0 0 0 ,0 0 0
g
1.000
3 ,000.000
5 g
1,000
1,200 .000
4
1 ,000
3,500,000
5 g
1,000 17.5 0 0 .0 0 0
4H
1,000
3 00 ,000
4M
1,000
300 ,000
6
4
& £ b l 4 ,5 0 0 ,0 0 0
c 20,000,000 See t e x t
1,000 d l l , 557,000
4 g
1,000
594 ,000
4H S
l non
736 ,000
g
5
1,000
2 ,3 2 0 ,0 0 0
i.o o o
2,229,000
5 g
1,000
933,000
5 g
1,000
4 722.000
4 g
1 non
2 ,728.000
5
1,000
250,000
4 g
1,000
1 ,150,000
4g
1
262
I
361
142
9
91
$
a m llto n & D a y ton
T ex t
38 1886
52 1902
148 1898
023 ,00 0 c o ll f
c o ll, f o r t e r n
100
1,000
1,000
1 000
804 ,5 0 0
200,000
1,255,000
1.750 000
4
5
4 g
4 g
W h en
P a y a b le
Q - -M 31 O ct 1 1910 1M
—M
D ec 1 1932
fc
J J u ly 1 1952
M
J
J
A
M
J
J
A
J
See
J
A
A
J
J
J
J
.T
M
M
fc
J Jan 1 1937
fc D Jun e 1 1942
fc O A p r 1 1942
fc N M ay 1 1941
fc
J Jan 1 1955
&
,T J u ly 1 1937
fc. <) O c t 1 1929
fc
J J u ly 1 1959
t e x t J u ly 1 1939
fc
J J u ly 1 1913
fc O T o A p r 1 1 9 1 6
fc o T o O ct 1 1914
fc D T o J ’ ne 1 1920
<& .1 Jan 1 1935
fc
J Jan 1 1935
fc
.1 Jan 1 1953
fc
J Jan 1 19 1 l
fa N N o v 1 1939
fc N N o v 1 1923
F
J
fc A
fc
J
fc N
fc A
$13,0
M
F
B O N D S , & c.— T h e holders o f 4 M % n otes ($15,0 0 0 ,0 0 0 re ce iv e I fo r each
$1,000 n ote and Its co u p o n s $60 In cash and $1,000 o f new gen . in tgc. b o n d s
(tota l Issue $ 2 0 .0 0 0 .0 0 0 ). to draw Interest as fo llo w s: 4 M % d ep en d en t upon
Incom e u n til J u lv 1 1911: then 1% fixed and 3 H % d e p e n d e n t u p on Incom e
until J u ly 1 1914; then 3 % lixed an d \ y i % d e p e n d e n t u p o n Incom e until
J u ly 1 1916; thereafter A H % lixe d .
; q •, A J i .1 i :
i
l
C h icago
J P M organ & C o N Y
III T r fc S B k , C h ic; A N Y
J P M organ & C o, N Y
fc N N o v 1 1923
D ec 24 1903 2 % Cincinnati
Text
t h e r e Is a I s o
o r t e m p o r a r y lo a n s ;
p orary
1 oan.
d $1 9,000 t o r c t l r e
O R G A N I Z A T I O N .— T h e c o m p a n y resu m ed possession o n A u g . 19 1909,
the finances h a vin g b e e n re a d ju s te d w ith o u t fo re clo su re p er plan o f Jun e
1909 (V . 88, p. 1436, 149 8).
U n d e r th e plan th e m a n a g e m e n t o f th e system
w as tak en o v e r b y the B . fc O . R R ., an d the o w n ersh ip o f the co n tro llin g
s tock Is to be a c q u ir e d b y th a t c o m p a n y a t th e en d o f 7 ye a rs fro m J u ly 1
1909 a t a p rice then to b e fixed b y a rb itra to rs: d u rin g th e 7 years said
c o n trollin g s to c k Is to b e v e s te d In th ree v o t in g tru stees, o n e to b e P resid en t
fo r tim e b ein g o f B . & O .
i
i : 1 ! 1- : ' 1
11 1 :
I
Last D ivid en d
and M a tu r ity
P laces W here Interest and
D ivid en d s are P a ya b le
A m ount
O utstanding
M ile s
Road
R A IL R O A D C O M P A N IE S
[F or abbreviation s, e t c ., see notes on first page]
rem
J P
M organ & Co N Y
do
do
do
do
do
do
O w ned b y C o m p a n y
do
do
do
do
J P M organ & C o, N Y
do
do
Cen tral T ru s t C o, N Y
J P M organ & C o , N Y
R W lntU rop & 0<> N Y
J P M organ & C o , N Y
C entral T ru st C o N Y
do
do
J P M organ fc Co N Y
J P M organ & C o N Y
Un S a v B k & T r C o ., Cln
J P M organ fc C o, N Y
A u g 1 1910 2 7c Cincinnati
C entral T r & S D Co Cln
Jan 2 1916
F a rm ers’ L & T r Co N Y
N o v 1 1942
F a rm ers’ L 4 T r On N Y
A u g 1 1948
00,000 a d d ’ I und er p u r c h . m o n e y n otes o f
a ln ln g
r e f u n d l n g 4s o f 1904._____________
C IN C IN N A T I IN T E R -T E R M I N A L R R — O w ns a road 6 m iles In len gth
co n n e c tin g th e Chesapeake & O h io brid g e an d th e C ln. H a m . fc D a y to n
term in a ls.
C o n tro lle d b y C h esapeake fc O h io R y .
C o m m o n s t o c k , $ 1 0 ,000
In $100 shares, Issued fo r p u rp o se o f c o n t r o l. T h e re Is au th orized $ 1 ,0 0 0 ,
000 o f first preferred 4 % c u m u la tiv e s to c k secured b y m o r tg a g e t o th e
U nion S avin gs B ank & T ru st C o. o f C in cin n ati, as tru ste e , an d rentals p a id
b y C h esapeake fc O h io an d L ou isville fc N ash ville, and s u b je c t t o ca ll on
a n y Interest d a y a fte r F e b . 1 1915 at 105.
V 79, p. 212: V . 80 p . 172 8,
2 3 9 8 , 2620.
R e n ta ls re c e iv e d to y e a r e n d in g Ju n e 30 190 9, $32 ,436 ; d lv s .i
$31 ,8 0 4 ; b a L , s u r ., $632. P r e s ., G e o . W . S te v e n s .— ( V . 8 0 , p . 262 0.)
C IN C IN N A T I L E B A N O N & N O R T H E R N R Y .— O w ns C in cin n a ti, O .. t o
D o d d s , 38 m ile s. In clu d in g 6 m iles from L e b a n o n t o D o d d s , leased t o th e
D a y to n L e b . fc Cln. R R .; M id d le to w n Ju n e, t o M id d le to w n , O ., 14 m ile*
(fo r m e r M id. & Cln. R R . , taken o v e r Jan . 1 1903); t o t a l, 52 m ile s.
S tock
au th orized $ 1 ,5 0 0 ,0 0 0 : o u ts ta n d in g $1 .100 o o o m o s tlv ow n e d b y P e n n .
C o.
V . 7 5 ,-p . 980.
D iv id e n d o f 3 % paid In 1906 an d 1909. O f th e $ 1 .
1. F ir s t and R efund ing M ortgage dated J u ly 1 1909, A u th . Issu e, $ 7 5 ,0 0 0 ,0 0 0 .
5 0 0 ,0 0 0 first c o n s . 4s o f 1902, gu ar. p rln . fc lnt. b y th e P e n n sy lv a n ia C om
T h is m ortg age covers all the lines o f ra ilw a y o f th e c o m p a n y , all Its
p a n y , $20 0 ,0 0 0 are reserved t o retire the 5s d u e 1916. V . 77, p . 86. C a l.
leasehold rig h ts, all sto ck s o f su b sid ia ry co m p a n ie s o w n in g o p e ra te d lines
y e a r 1909, gross, $35 1 ,8 4 0 ; net, $ 1 0 1 ,7 2 9 ; o th e r In c ., $ 3 9 ,1 0 8 ; c h a rg es,
an d all p r o p e r ty acq u ire d b y use o f said b o n d s o r th e p ro ce e d s th e r e o f.
$74 ,5 5 3 ; d lv s . ( 3 % ) , $33 ,0 0 0 ; s u r ., $ 3 3 ,2 8 4 .— (V . 77, p . 8 6 .)
(See V . 88, p. 1498; V . 90, p. 771.)
C IN C IN N A T I & A IL S K IN G U M V A L L E Y R R .— (See M a p s o f P e n n s y l
O f w h ich there h a v e been Issued $ 2 7 ,5 0 0 ,0 0 0 , v iz .:
vania R R .)— O w ns M o rro w , O ., t o T r ln w a y , O ., 148 m ile s; h a lf Interest
(a) T o p a y o r a d ju s t Indebtedness d u e an d a c c r u e d -------------------$ 7 ,5 0 0 ,0 0 0
Z an esv ille T erm in al R R . , 5 m ile s. V . 7 7 , p. 86
lb) F o r im p rov em en ts now n e e d e d ______________________________
5 ,0 0 0 ,0 0 0
(c) F o r n ecessary w ork in g c a p ita l________________________________
2 ,0 0 0 ,0 0 0
O f th e b o n d s, $25 0,00 0 are reserved fo r fu tu re needs: sin k in g fu n d retire*
(d) F o r collateral to $1 1 ,5 5 7 ,0 0 0 4 % p urchase m o n e y n o te s o f
y e a r ly 1 % o f th ose o u ts ta n d in g . If offered at p ar o r less. T h e P e n n
1008 ____________ __________ _____ ____________________________13,0 0 0 ,0 0 0
s y lv a n ia C om pa n y guaran tees th e b o n d s , p rin cip a l an d Interest. See
R e serv ed fo r "future use, $ 4 7 ,5 0 0 ,6 6 6 , v iz .:
form o f g u a r a n ty , V . 7 6 , p 653.
S to c k , $ 2 ,0 0 0 ,0 0 0 , all o w n e d Ja n . 1 1910
(e) F o r a d d itio n s , Im provem en ts an d b e tte r m e n ts ---------------------i n n n
b v th e P itts. Cln. C h ic, fc St. L . R y .
D iv id e n d s: 1 9 0 0 ,6 % ; 1901 t o 190 6.
If) F o r refu n d in g u n d erlyin g b o n d s _____________________________ 2 3 ,7 7 9 ,0 0 0
in c l., 2 % y r l y .; 1907 and 1 9 0 8 ,4 % : 1909, 5 % .
P en n . R R . o w n s $ 1 ,3 1 8 ,
000 o f the $ 1 ,7 5 0 ,0 0 0 bds
Car tru sts, $67,200 3 > *s, p a y a b le $ 2 2 ,4 0 0 y r ly .
T h e b on d s specified a b o v e as (6) and (c) an d $5,5 0 0 ,0 0 0 o f those n a m e d
as (a) are gu aran teed , prln . and ln t., b y the B a ltim ore & O hio R R . Co.
Yr end. D ec . 31—
G ross.
N et In c.
Interest.
D ivid en d s. B a la n ce.
U n der su p p lem en ta l a g re e m e n t d a te d J u ly 1 1909 (V . 89, p . 469) $ 1 1 .
1909 ............... ..............$92 8,01 1
$24 4,78 2
$ 70 ,000
( 5 % )$ 1 0 0 ,0 0 0 $74 ,7 8 2
557,000
4 % purchase m o n e y n o te s d a te d 1908 an d due J u ly 1 1913 (o f 1908 .................... ......... 783,888
205 ,719
7 0 ,000
( 4 % )8 0 ,0 0 0
55,7 1 9
w hich a sm all a m o u n t reserved to retire o u ts ta n d in g refu n d in g 4s o f 1904
P a y m e n ts In a d d itio n t o a b o v e In 1909 w ere $17,694 fo r a d d itio n s . Im
had In J u ly 1910 n o t been Issued) are secu red b y p le d g e o f $ 1 3 ,0 0 0 ,0 0 0 new
p r o v e m e n ts , & c. (again st $10 ,346 In 190 8 ), an d $17,881 fo r prln . a n d ln t.
"fir s t fc r efu n d in g ” 4s. T h ese n otes a rc gu ar, b y th e B. & O . See fo r m ,
o f ca r trusts a n d hire o f e q u ip m e n t, & c.— (V . 8 2 , p . 1494.)
V . 8 9 , p . 918. T h e re f. m tg e . b on d s (d a te d 1964, fo r w hich th e pu rch ase
C IN C IN N A T I N E W O R L E A N S & T E X A S P A C IF IC R Y .— (See M a p o f
m o n e y n otes o f 1908 w ere e xch a n g e d ) h ave been o r are to be ca n ce le d .
Sou thern R y .) — O perates C incinnati .Southern R y .. o w n e d b y c it y o f C in
2. General M ortgage (see above)— Total Issu e, $ 2 0 ,0 0 0 ,0 0 0 .
c in n a ti, C in cin n ati t o C h a tta n o o g a , T e n n ., 335 m iles; tr a c k a g e , 2 m iles.
In
T h e fixed Interest on the general m o rtg a ge w ill bo p a y a b le J a n . 1 and
Jan . 1903 th e en tire s to c k o f th e H arrlm an fc N o rth e a ste rn R y . . 20 m ile s ,
J u ly 1, an d the Interest de p e n d e n t on In com e (n o n -cu m u la tlv o ) w ill be
w as a c o u lr e d . b u t road Is o p e ra te d s e p a ra te ly .
V . 7 7 , p . 1743.
p a y a b le N o v . 1 yearly
O f the generals, $ 1 5 ,0 0 0 ,0 0 0 are Issuable In e x
In 1901 lease w as e x te n d e d 60 years t o O ct 12 I9 6 0 ; rental u n til O ct. 12
ch a n g e for th e 4 Vi% notes, the rem ain ing $ 5 ,0 0 0 ,0 0 0 fo r floatin g d e b t, A c .
1906 w as m o d ifie d b e gin n in g J u ly 12 1902 t o $ 1 .0 5 0 ,0 0 0 y e a r ly , th e rem ain
In con sideration o f the und ertak ings o f the B . fc O ., th e origin a l b on d s
in g $50,000 per qu a rter t o be deferred as It a c c iu e s and t o be p a id a u a rte r ly
Issued u nd er the general m o rtg a g e are t o be s u b je c t t o call on a n y J u ly 1
at rate o f $40,000 y e a r ly , w ith Interest on deferred p a y m e n ts at 3 % ; ren tal
prior to J u ly 1 1916, fo r e x ch a n g e for new 4 % b o n d s secu red b y the gen.
u n d e r renew al t o be $ 1,050.000 y e a rly fo r first 20 y e a rs, then $ 1 ,1 0 0 ,0 0 0 fo r
m tg o . an d guar, b y the B. fc O . as to prln . an d ln t. T h e origin a l b o n d s are
20 years: thereafter $ 1 .2 0 0 ,0 0 0 . V . 73, p . 722; V . 74, p . 1251. P re f . s t o c k ,
also to be s u b je ct to call fo r p a y m e n t a t p ar an d a ccru e d ln t. and th e 4 %
has p rio r rights o n d isso lu tio n , b u t no v o t in g p o w e r .
V . 7 4 , p 528 , 8 2 9 .
gu ar, b on d s a t 103 an d a ccru ed ln t. o n a n y Jan . 1 o r J u ly 1.
D I V I D E N D .— On p r e f., 1 M % , paid qu a rte rly S ep t. 1 1902 t o S e p t. 191 0,
D u rin g J u lv 1916 (o r so o n e r. In case o f earlier a c q u is itio n b y B . & O .
both
Inclu
sive.
On
c
o
m
m
o
n
,
2
%
,
paid
D
e
c.
1
1903
o
u t o f a c c u m u la te d
o f th e con trollin g stock ) the B . & O . w ill, u p o n d e m a n d , unless said gen .
earnings to Jun e 1903. S e p t. 1 1904. 2 % ; June 1905. 3 % ; D e o .. 2 % ;
m tgo. b on d s shall h a ve been so o n e r red eem ed , a t Its o p tio n eith er (a) pay
Ju
n
e
100
6,
3
%
;
D
e
c.,
2
M
%
;
1907
t
o
1909,
5
%
(J.
fc
D
.)
;
1910, Ju n e, 2 H % 8 5 % In cash and Interest fo r said b o n d s o r (b) Issue In e x ch a n g e th e re fo r a
O n A pril 1 1906 $ 1 ,5 0 0 ,0 0 0 5 % n otes w ere Issued t o p a y fo r Im p ro v em en ts,
new 4 % b o n d secured b y said gen . m tg e . an d gu ar. prln . an d ln t. b y the
p a y a b le $ 1 5 0,00 0 se m i-a n n u a lly t o A pril 1911 In clu sive. V . 8 3 . p . 122 5.
B fc O .; th e B . fc O . to e lect w h eth er to m ake such pu rch ase o r e x c h a n g e .
In N o v . 1907 $ 5 0 0,00 0 3 -y e a r 6 % n o te s w ere s o ld .
V . 8 5 , p . 1338.
S T O C K .— C o m m o n , $ 3 ,0 0 0 ,0 0 0 , c o n tro lle d In Interest o f Sou th ern R y .
G U A R A N T IF .S .— G uarantees securities o f Cln. I n d . & W e s t ., D a y to n &
and C incinnati H a m ilto n fc D a y to n R y .
V . 61, p. 26; V . 65, p . 1173.
M ich , an d C ln. F in d, fc F t. W a y n e ; also $93 3,00 0 I n d . D eo. fc W e s t. 5s.
S to c k h o ld e r s In M a y 1908 s u b s crib e d fo r $ 4 5 3,40 0 new p referred s t o c k
A ls o g u a ra n teed $9,2 0 7 ,0 0 0 Pere M a rqu ette refu n d in g 4s, b u t sto ck h o ld e rs
rt par. raising th e a m o u n t o u ts ta n d in g t o $2,453 .500.
V . 86. p . 1099, 140 9.
o f C. II. fc D. s u b s e q u e n tly v o t e d to ca n c e l lease a n d g u a r a n ty . V . 85,
L A T E S T E A R N I N G S .— / 1910____ G ross, $ 1 ,5 7 7 ,7 5 8 ;
n e t, $ 6 6 3,82 6
p . 653; V . 8 7 , p .
I
2 m o s ., J u ly 1 to A u g . 3 1 .) 1 90 9____G ross, 1 ,3 2 3 ,1 2 7 ;
n e t,
473 ,3 9 7
E A R N I N G S .— 2 m o s .,/1 9 1 0 .......... .......G ross, $ 1 ,7 0 6 ,7 4 5 ; n e t, $ 3 8 6,17 0
A N N U A L R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1910 w as in
J u ly 1 to A u g . 31. \ 1 0 0 9 - ............ G ross,
1 ,5 7 5 ,4 9 9 ; n e t,
3 39 ,620
“ C h ro n icle ” O c t . 29 o r N o v ., s h ow in g: G ross, $ 9 ,0 7 9 ,4 7 2 ; n e t, $ 3 ,3 1 2 ,2 6 9 ;
o t h . I n c o m e ,$29 1 ,9 8 7 ; ln t ., ren tals, & c ., 51 ,4 0 6 ,7 3 2 ; Im p ts., $ 1 ,4 7 5 ,9 5 9 ; d lv .
' R E P O R T .— R e p o r t fo r y ear en d in g Ju n e 30 1910 In V . 01, p . 1091
o n p re f. ( 5 % ) , $ l’22,670; d lv . o n c o m . ( 5 % ) , $ 15 0,00 0; b a l., s u r . , $ 4 4 8,89 5
In 1908-09, gross, $ 7 ,8 2 6 ,9 8 2 ; n e t, $ 2 ,5 0 7 ,2 9 9 .— (V . 91, p . 1095.)
1908-09.
1007-08.
Y ea r ending J u n e HQ—
1909-10.
1.036
1,038
1,036
M iles o p e r a t e d _________________________
C IN C IN N A T I N O R T H E R N R R .— (S ee M a p Cleveland C in . C hicago & S t.
$7,8 9 7 ,0 4 7
G ross ea rn in g s ___________________________ $9,4 4 6 ,5 2 4
$ 8 ,0 1 1 ,4 8 3
L o u is .)— O w ns F ran k lin , O ., to J a ck so n , M ich .. 208 m iles: tra ck a g e (C . C
N et Incom e ____________
1,554,228
1,131,078
1 ,145,955
C. & S t. L . ) , F ran klin to C in cin n ati, 38 m iles: at J a ck s o n , 1 m ile.
On Jan. 1
2,2 1 7 .2 6 2
2 ,2 0 6 ,1 7 6
D e d u ct Interest on b on d s 1 ,786,899
1910 C lev. C in. C h ic. & S t. L .o w n e d $ 1 ,7 0 7 ,4 0 0 o f th e $ 3 ,0 0 0 ,0 0 0 s to c k
246,577
234 ,522
In te re s t on bills p a y a b le , & c ________
128,004
a n d $ 5 8 1,00 0 b o n d s.
First d iv id e n d o n s to c k , 3 % . p aid M arch 1 191 0.
R e n t a l s . . ..............
358 ,588
368 ,073
370 ,247
In ye a r e n d in g D e c. 31 1909, gross, $ 1 ,1 7 7 ,6 9 1 : net In c., $26 4 ,4 5 6 ; ch arges,
$ 11 4,77 0: d iv . ( 3 % ) , $ 90 ,000 ; b a la n ce , s u r ., $5 9 ,6 8 6 .
F o r 8 m o s. en d in g
B a la n ce, d e ficit, fo r y e a r ....................
$720,263 $ 1 ,6 9 1 ,9 2 2
$ 1 ,6 7 3 ,9 0 2
A u g 31 1910, gross, $82 7,94 7, again st $73 1,79 9 in 1909; n e t, $16 7 ,8 1 2 ,
a g a in s t $ 1 4 8 ,5 1 8 . P re s., W . C. B r o w n .— (V . 90, p . 697.)
O F F I C E R S .— C h airm an o f B o a rd , D aniel W illa rd ; P re sid e n t, W illia m
C otter: V ic e -P r o s ., J. L . C ram er; S ec. a n d T r e a s ., F . M . Carter; A sst.
C IN C IN N A T I R IC H M O N D & F O R T W A Y N E R R .— O w ns fro m R ic h
S e c ., E . M. D cv c r e u x .
m o n d , I n d ., to A d a m s , I n d ., 86 m .; leases 5 m . o f P . F t. W . & C.
N ow o p
D irectors— O scar G . M u rray, L . F . L o re e , G eo. F . R a n d o lp h , W illia m
erated (S e p t. 1910) b y G rand R a p id s & In d ia n a R y . R e n ta l, net earn in gs.
C otter, G eo. W . P erkins, Charles S teele, F red erick W . S te v e n s , G eorge F.
Int. Is gu aran teed b y the P e n n sylva n ia C o. and P itts. Cln. C h ic, fc S t. L . C o.
B a k er, D aniel W illa rd , J osep h W o o d , E. R . B a co n , H e n ry F . S h o e m a k e r,
loln tlv (th e P . C. C. fc S t. L . ta k in g the p la ce o f the C ln. H am . fc D a y to n
F . D . U n d e r w o o d , H a rry B r o n n c r a n d N orm an B. R e a m .— (V . 9 1 , p . 1 0 9 5 . In 1888). S to c k , $2,1 8 6 ,6 0 0 (par $50.) o f w h ich P en n . C o . ow n s $ 1 ,2 5 7 ,
900.
D u e gu aran tors O ct. 1 1910, $ 1 ,7 7 9 ,0 2 8 .
C IN C IN N A T I I N D I A N A P O L IS & W E S T E R N R R — H a m ilto n . O .. to
Y ear end. D ec. 3 1 .
G ross.
N et.
Interest, & c.
B a lan ce.
S p rln glleld , III.. 284 101103’ S ld e ll, 111., t o W est L ib e r ty , 77 m iles; tra ck a g e ,
1909 ............. ....................... $ 6 6 8,63 9
$ 1 0 2,99 5
$18 1,72 0
d e f .$81 ,725
W est L ib erty t o O ln e y , 8 m iles.
A c o n s o lid a tio n S e p t. 1902.
V . 75. p
1908 ..................................... 613 ,703
114,999
163,938
d e f. 48,9 3 9
2 3 9 , 2 8 9 .4 9 7 ,7 3 2 .
S to c k a u t h o r iz e d , $ 8 ,20 0 .0 0 0 ; Issued. $7 ,1 1 5 ,8 0 0 ; all
o w n e d b y C. H . fc D . , w hich received d iv id e n d s th ereon In 1902-03, $ 12 6,79 8;
C IN C IN N A T I U NIO N D E P O T & T E R M IN A L C O .— V - 91. p . 518.
In 1903-04, $16 7,32 2; In 1904-05, $15 6 ,0 9 5 .
C L E A R F I E L D & M A H O N IN G R Y .— (See M a p B u t. R och. <k P itts .)—
O w ns r o a d , co m p le te d In 1893, fro m Du B ols J e t ., P a ., on B u t. R . fc P ., to
B O N D S .— T h e “ first and r e fu n d in g " Is o f 1902 ($ 8 ,2 0 0 ,0 0 0 au th o riz e d
Clearfield on B eech Creek R R . , 26 m iles. Leased d u rin g c o rp o ra te existen ce
Issue) are guaran teed p rin cipa l and Interest, b y C. II. fc D . b y e n d o rse
and renew als thereof t o B u ffalo R o c h e s te r & P ittsb u rg h — w h ich see— a t a
m e n t. V . 75, p . 1201. 1335; V . 77, p . 1290. G u a ra n ty . V . 78, p . 201 1.
rental p a y a b le In gold and equal t o 6 % on $1,0 0 0 ,0 0 0 s t o c k , p ar $50, and 5 %
T h e I. D. fc W . bon d s are red eem a b le b y lot at 110 at a n y tim e on eight
o n b o n d s, th e la tte r b e in g g u a r ., p . fc 1., b y e n d orsem en t.
In N o v . 1909
w eek s’ n o tice : $933,000 are gu aran teed b y C ln. H a m . fc D a y t o n .
Car
th e a u th o riz e d s to c k w as Increased fro m $75 0,00 0 to $ 1 ,0 0 0 ,0 0 0 , o f w h ich
trusts Jun o 1910, $36,000 4 % e q u ip m e n t n o te s, due se m i-a n n u a lly to N o v . 1
$ 1 5 0,00 0 has been Issued. V . 89, p. 470, 114 1.— (V . 89, p . 470 , 1141.) j
1011 In cl.; ln t. M .& N . a t Blair fc C o ., N .Y . — (V .8 8 , p .4 5 1 ; V .8 9 , p. 469 .)
R A IL R O A D C O M P A N IE S
[F o r abb reviation s, A c . , see notes on first page]
M ile s
R oad
D a te
B on d s
Cin N ew Orl & T e x a s P ac— Com s to c k $3,00 0 ,0 1 0 ____
P referred s to c k 5 % c u m u la tiv e $ 3 ,0 0 0 ,0 0 0 .............
N ote s , la st In stallm en t___________
1006
N o te s ______________________ _
~
"
1907
E q u ip trusts last Installm ent (V 78, p T 3 91)
I”
1904
do
Her II d u e $97,000 sem l-an n (V 82 p 928)
1906
C in cin n ati N orthern— 1st M $3 ,0 0 0 ,0 0 0 g o l d - - G c * & r
1901
C in cin n ati R ic h m o n d & Ft W — 1st M gold Int guar o*
86 1871
C learf d & M a h on in g— S to c k 6 % re n t $ 1 ,0 0 0 ,0 0 0 a u t h .
F irst m o r tg a g e gold gu aran teed B R & P . . G c* & i
"2 6 1803
C levelan d A k ron & C olu m b u s— S to c k $ 4 ,0 0 0 .0 0 0 ____
G eneral m o r tg a g e (n ow first) g o ld ____________________
177 1887
First c o n s o l m tg e $ 4 ,0 0 0 ,0 0 0 /g u a r a n te e d p & 1 e n d .
188 j 1900
gold sin k in g ru n d ---------------\ n o t g u a ra n te e d _____
1900
C levelan d C in cin n ati C h ic a g o & St L ou is— C om s to c k
P referred s to c k 5 % n o n -c u m u la tlv e _________________
C I St L & C c o n M d ra w n at 105 sink fu n d 1 % ___c*
175 1880
Gen 1st M $10 ,0 0 0 ,0 0 0 g s f n o t d r a w n ____ Ce c& i
1886
C leve C ol Cln & Ind c o n s o l m o r tg a g e (see t e x t ) ____
301 1874
Gen c o n s m o r tg a g e ($ 1 2 ,0 0 0 ,0 0 0 ) g o l d ..l ls .c * d o r
391 1884
In d ia n & S t L 1st M In 3 series o f $ 6 6 7 ,0 0 0 ___ U s .c
72 1860
2d M ($ 2 ,0 0 0 ,0 0 0 ) gold In d lan ap t o T erre H _ ._ c *
72 1882
C lev Cln C h ic & St L W h ite W a t V al D lv 1st g .C e .c *
62 1890
S p r & Col D lv (C ol S p & Cln) 1st M g o l d ______C e c*
45 1890
C airo D iv is io n 1st M $5,00 0 ,0 0 0 g o l d _______C e.e*
267 1800
■ St L ou is D lv c o ll tr gold ($351,000 In s f ) . .C e ,c & i
104 1800
■ Clncln W a b & M ich D lv first m tg e gold . . . U s e *
203 1801
Gen M 100 years for $50 ,000 ,00 0 g o l d .. . M e x . c * & r 1,021 1803
N ew b o n d s , $20 ,0 0 0 ,0 0 0 a u t h o r i z e d ________________
1010
N o te s $5 ,0 0 0 ,0 0 0 g o l d ________________ ___________ c& r
1007
O bligations fo r P r o p rieta ry L in es
C incinnati S a n d u sk y & C levela n d — P referred s t o c k .
C on sol (n o w first) m tg e $ 3 ,000,000 g o l d . - . A B . c
170 1888
C entral In d ia n a first m tg e $4,00 0 ,0 0 0 g o ld g u a r _ .C e
125 1003
Cb I & St L S L 1st M $ 3 ,0 0 0 ,0 0 0 g o ld g u ._ C e .c * & r
45 1003
L ou isv ille & Jefferson ville B ridge 1st M— See th atC o
C levela n d C o lu m b u s C in cin n ati & In d ia n a p o lis— C leve lan d I ndiana
102 1803
C leve L orain & W h e e l— Con m tge (n ow 1st) g - U s m .c *
102 1896
G eneral m o r tg a g e $ l .000 000 g o ld redeem at 1 0 5 .. N
102 1000
C on sol ref m tg e $10 ,0 0 0 .0 0 0 g o ld red at 102 H - T a .c *
Par
V a lu e
R ate
%
$100
100
$3 ,0 0 0 ,0 0 0 5 In 1909
2 ,4 5 3 400 5 In 1909
5
150 000
6
8 6 ,000
8 5 ,0 0 0
4
1,000
1,000
1.06 7 .0 0 0
4>i g
4
1,000
1,000,000
1.800.000
1.000
7 g
50
6
000 ,000
650.000
1,000
5 g
100
4 .0 0 0 .
4 000
In 1910
500 &c
1,800 000
5 g
1,000
1.02 3 .0 0 0
4 g
624.000
1,000
4 g
100 47 ,0 5 6 ,3 0 0 4 In 1910
100 10,000,000 5 In 1910
623.000
1,000
6
1.000 &c
7 .2 50.000
4 g
1,000
4 .1 38.000 7 o r 6 g
1,000
3.205.000
6 g
1,000
2 .0 0 0 . 000
7
1,000
500.000
6 g
1,000
650.000
4 g
500 &c
1,103,730
4 g
1,000
5 .0 0 0 . 000
4 g
1.000 &r 10,000,000
4 g
1.000
4 .0 0 0 . 000
4 g
1 .000 25,137 000
4 g
500 fr,&C 10 ,0 0 0 ,0 0 0
4
i.u u o &<
5 .0 0 0 .
0 0 05 g
50
l.o o r
1.000
1.000
428 .997
2.571.000
1 .500.000
3 .0 0 0 .
6
5 g
4 g
0004 g
p o lls St L ou is & Chi c a g o — Se
1,000
5 .0 0 0 .
0005 g
1,000
800.000
5 g
1 000
4 .0 0 0 .
0004 H g
CLEVELAND AKRON & COLUMBUS R Y .— (S ee M a p s o f P en n sylva n ia
R R . ) — O w ns fro m H u d s o n , O ., t o C o lu m b u s, O ., 144 m iles; D resden b r a n c h ,
K U bu ck t o T r ln w a y , 34 m .; A p p le Creek b r a n c h , 0 m .: H o w a rd coal b ra n ch ,
4 m .; coal sp u rs, 5 m .: total o w n e d , 196 m .; tra ck a g e . T rln w a y to Z an esv ille,
17 m . O w n s a fou rth Interest In A k ron * B a rb erton Belt R R . 24 m
V . 7 6 , p . 4 3 5 . Car trusts D e c. 31 1009, $ 5 8 8 ,7 7 3 , d u e $ 82 ,092 y e a r ly .
P e n n . C o . to o k co n tr o l Jun e 1 1809, p u rch asin g $ 2 ,2 3 7 ,5 0 0 o f the $4,000
000 s to c k (n ar $ 1 0 0 ).
D iv id e n d s. 2 % y e a r ly . S e p t. 1901 to S e p t. 1 00 5
100 6, 3 % (M -S ); 1907. M ch ., 1 K % ; S e p t., 2 % ; 1908 an d 1900, 4 % (M -S );
101 0. 4 % .
O f 1st c o n s o l, g o ld 4s o f 1940 (C o m m e rcia l T ru st C o . o f
P h lla*. K H s t e e ) ’ 5 1 ,0 2 3 ,0 0 0 are g u a r ., prln . & In t., b y th e P e n n . C o m p a n y ;
$ 1 ,8 0 0 ,0 0 0 are reserved to retire the gen . 5s d u e 1027; V . 71, p . 390; V . 76,
p . 653; V . 7 7 , p. 1746, 2280
R e p o rt fo r 1907 in V . 87, p .2 8 2 .
In 1909,
5 55 1,43 1; o t h . In c., $ 2 0 ,8 9 3 ; c h g s ., $ 23 2,47 6; d lv .
( 4 % ) . $ 1 6 0 ,0 0 0 ;a d d . & im p t s ., $ 16 4,76 5; b a l .,s u r ., $ 1 5 ,0 8 3 .— (V .8 7 ,p .2 8 2 .)
CLEVELAND CINCINNATI CHICAOO & ST. LOUIS R Y.— (.See M a p s
N . Y . Central & II. R . R R . ) . — R O A D .— Radiates from Indianapolis. Ind.
westerly to Chicago, Peoria, Cairo, III., St. Louis, easterly to Sandusky,
Cleveland, Columbus and Cincinnati, O ., and southerly to Louisville.
Owned D irectly —
M ile s .
C lev ela n d , O ., t o C olu m b u s , 0 . . 1 3 8
G a llon , O .. t o In d ia n a p o lis_______ 203
D elaw are t o S p rin g field ____________ 50
C in cin n ati to L a fa y e t t e ___________ 170
In d ia n a p olis t o T erre H a u te ______72
H arrison B r a n c h _____________
7
Leased— en tire stock ow ned—
C in cin n ati L a fa y e tte & C h ic. R y . 57
C airo V in cen n es & C h ic. R y —
C a iro, 111., t o T ilto n & b r a n c h .261
S t. L . D lv ., T . H . to E . S t. L .1 9 0
C olu m b u s S prin gfield & C ln .—
C olu m b u s , O ., to S p r in g fie ld -- 45
W h ite W a te r — H arrison , I n d ., to
H a g ers tow n , I n d ..............................62
C ln. W a b a sh & M ichigan R y . —
B en ton H a rb o r t o R u sh v llle and
bra n ch _______________________ 249
O th er l i n e s _____ __________
59
C incinnati S a n d u sk y & C leve. R y . —
S a n d u s k y , 0 . , t o D a y ’ n , O ..& C .1 7 0
A m ou n t
O utstanding
L eased and C ontrolled—
M ile s .
C incinnati & Springfield R y ____
48
C olu m . H o p e & G reen sb’ g R R . .
24
J o in tly O perated—
C h ic. I n d . & S t. L . S h o rt L i n e . .
44
Trackage Into C in cin n ati, A c . .
32
T ra ck a g e Into J e ffe rso n v ille ____
53
T ra ck a g e Into T o le d o (V . 79, p.
1023, 2 6 9 6 ) . . . .........................
48
W hen
P a ya b le
Last D ivid en d
and M a tu r ity
& D June 15 1910 2 H
(3— M S ep t 1 1910 1 M
& O A p ril 1911
D D e c 1 1910
J &
M & S Mch 1911
M & N M a y 11-M ay ’ 16
&
J July l 1951
J
& D Jun e 1 1921
J
& J J u ly 1 1910
J
&
J
J Jan 1 1943
M & S S ept 24 1910 2 %
M & s -Vlch 1 1927
F & A A u g 1 1940
F & A A u g 1 1940
M & S S e p t 1 1010 2 %
O ct 20 1910 U 4
Q— J
M & N M ay 1 1920
(3— F
A u g 1 1936
& D Jun e 1 1914
J
& J Jan 1 1034
J
V a riou s J u ly 1 1919
M & N N o v 1 1912
J & J Ju ly 1 1940
M & S S ept 1 1940
& J Jan 1 1930
J
M &, N N o v 1 1990
&
J
J Ju ly 1 1991
As n Jun o 1 1993
J
& D Ju n e 1 1 9 3 0
J
A D Jun e 1 1911
J
J
A
M
J
M
A
&
&
&
&
N
J
N
O
N ov
Jan
M ay
Apr
1
1
1
1
P la ces W here Interest and
D ivid en d s are P a ya ble
C incinnati
do
C in cin n ati, O h io
C in cin n a ti, O h io
Blair & Co N e w Y o r k
E q u ita b le T ru st C o N Y
G u a ra n ty T r u s t Co N Y
W in s lo w . Lanier<SoCo N Y
C hecks m ailed
36 W all S treet N e w Y o r k
C h eck s m ailed
W in s lo w ,L a u le r & C o N Y
do
do
do
do
J P M organ & C o N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
1910 3 %
do
do
1928
do
do
1053
C en tral T ru st Co N Y
1953
J P M organ & C o N Y
e Clevela n d C in cin n ati C h lca go & St L ou is
A & O O ct 1 1933
2 W a ll S treet N ew Y o r k
& D Jun e 1 1936
J
do
do
J & J Jan 1 1930
do
do
R E P O R T .— R e p o r t fo r y ear en d in g D e c . 31 1909 in V . 90, p . 691 , 712.
Y ea r ending D ec . 31—
1909.
1908.
I n c . or D ec .
R a ilro a d re v e n u e s ___________
$ 2 7 ,657 ,74 1 $ 2 4 ,2 4 2 ,6 1 7 + $ 3 ,4 1 5 ,1 2 4
O p e ra tin g in co m e (a fte r t a x e s )............
7 ,0 1 1 ,3 8 0
5 ,0 6 2 ,6 8 4 + 1 ,9 4 8 ,6 9 6
O th er In c o m e ..............................................
623 ,233
5 54 ,026
+ 6 9 ,2 0 7
G ross c o r p o r a te In c o m e .........................$7 ,6 3 4 ,6 1 3
R e n ta ls o f leased lin e s............................
$ 12 0,00 0
In terest o n b o n d s, & c _______________
3 ,3 9 1 ,7 0 0
H ire o f e q u ip m e n t, Incl. In terest___
652 ,784
O th er r e n t s ___________________________
641 ,117
P r o p . loss o p e r . C en t. In d . R y ...........
52,641
D iv id e n d s o n p referred , 5 % ...........
5 00 ,000
D iv id e n d s o n c o m m o n , 2 % ..................
9 41 ,126
$ 5 ,6 1 6 ,7 1 0 + $ 2 ,0 1 7 ,0 0 3
$ 1 2 0 ,0 0 0
...........
3 ,3 2 1 ,9 2 3
+ $ 6 9 ,7 7 7
8 94 ,055
— 241,271
571 ,952
+ 6 9 ,1 6 5
..................
+ 5 2 ,6 4 1
5 00 ,000
...........
..................
+ 9 4 1 ,1 2 6
B a la n ce , surplus fo r y e a r __________ $1 ,3 3 5 ,2 4 6
S208.779 + $ 1 ,1 2 6 ,4 6 7
O F F I C E R S .— P re s., W . C. B ro w n , N ew Y o r k ; V ice -P r e s id e n ts , E . V . W .
R o s s lte r, J o h n C arstensen, C. E. S ch a ff, A. H . H arris a n d C. F . D a ly ; S e c .,
D w ig h t W . P a rd ee, N ew Y o r k ; T r e a s ., C has. F . C o x , N e w Y o r k ; A u d it o r ,
P . A . H e w itt, C in cin n ati, O h io .
D irectors. -W illia m K . V a n d e rb ilt, F re d ’ k W . V a n d e r b ilt, C h a u n cey M.
D e p e w , J . P le r p o n t M organ , W illia m C. B ro w n , G e o . F . B a k e r, W m . K .
V a n d e r b ilt J r ., W m . R o c k e fe lle r , W m . I I . N e w m a n , Jam es S tillm a n ,
W a lte r P . B liss, o f N ew Y o r k .— (V . 90, p . 108, 3 7 2 , 447 , 626 . 691 , 7 1 2 .
1044 1238, 1296, 1424. 1554, 1613.)
C L E V E L A N D L O R A IN & W H E E L IN G R Y .— (See M a p B . A O .) — O w ns
fro m L o ra in . O ., to B rid g e p o rt, O ., o p p o s ite W h e e lin g , W . V a ., 158 m .: L e s
te r to C levelan d , 28 m ., a n d b ra n ch to B ellalre, O .. 6 m .; o p e ra tes S t.
Clalrsvllle & N o rth e rn , 3.3 3 m .; to t a l, 195 m .; a n d has tra ck a ge Into W h eel
in g.
V . 8 0 , p . 1174
T o ta l Inclu ded In earn in gs___ 1,982
O perated; earns, kept separate—
H I S T O R Y .— O perated b y th e B a lt. & O h io , w h ich ow n s all o f th e s t o c k .
P eoria & Eastern R y ....................... *351
See th a t c o m p a n y a n d V . 7 2 , p . 480; V . 73, p. 236; V . 8 6 , p . 602.
C incinnati N o r t h e r n ........................*248
S T O C K .— C o m m o n . $ 8 ,0 0 0 ,0 0 0 , an d p r e f., n o n -c u m ., 5 % , $ 5 ,0 0 0 ,0 0 0
K an kak ee & S eneca R R ...............
42
p ar $100. A fte r 5 % on e a c h , b o th s to ck s share a lik e.
V . 60, p . 1058.
M t. G ilead S h ort L in e ___________
2
D I V I D E N D S .— On n r e f.. 1896, 3 % ; D ee. 1904. 2 5 4 % : 1905 t o A n ri)
L o u ls v . & Je ffe rso n v. B r id g e ________ *3
1908, 5 % ; n o fu rth e r d lv s . to be d e cla re d . D lv . o n c o m ., 2 54% In 1908.
B O N D S .— OI the $10 ,0 0 0 ,0 0 0 co n s o l, refu n d in g g o ld 4 ) 4 s . the rem ain in g
T o ta l o f system D e c. 31 ’ 0 9 .- 2 ,6 2 8
$ 6 ,000,000 are reserved to retire o ld 5s. V . 70. p. 230 , 480.
T ra ck a g e 111. C en t. Into C h ic. 1
O n p ercen ta ge b a s is ________ /
R E P O R T .— R e p o r t fo r y e a r e n d in g Jun e 30 1908 w as In V . 8 7 , p . 141 6.
Operates Independently—
In 1908-09, gross, $ 3 ,7 9 6 ,1 8 2 ; n e t, $1,2 1 6 ,1 5 2 ; o th e r In co m e , $ 4,038; c h g e s ..
D a y to n & U n ion R R . (• ).............
47
& c ., $ 5 0 6 ,1 6 8 ; b a la n ce , $ 7 1 4 ,0 2 2 . E a rn in g s n o w In clu ded w ith th ose o f
•See this c o m p a n y .
D o u b le t r a c k . . .................................. 339
B a lt. & O h io .— (V . 8 7 , p . 1416.)
A new d o u b le -tra ck line fro m E v a n sv ille to M t. C arm el, I n d ., 30 m iles, Is
C L E V E L A N D & M A H O N IN G V A L L E Y R Y .— O w n s fro m C le v e la n d . O ..
t o p e c o m p le te d a b o u t J a n . 1911 u n d er th e ch a rte r o f the E v a n s v ille M t
to S h a ro n , P a ., 81 m iles (57 d o u b le tr a c k ); N iles, O .. t o N ew L is b o n , O .,
Carm el & N orth ern R y . V . 8 3 , p . 817, 1098; V . 90, p . 712.
and b ran ch es, 44 m .
L eased t o N y p a n o R R . (fo r m e r ly N . Y . P e n n . &
O hio) till 1962; rental $52 5,96 7 per an n u m . C o u p o n Interest Is J . & J . ,
. H I S T O R Y . <Scc.— A con s o lid a tio n o f the C incinnati In d ia n a p o lis S t. L ou is
registered Interest, Q .-J . S to ck Is $ 3 ,2 5 9 ,2 0 0 , o f w h ich $3 ,2 5 8 ,2 5 0 Is held
& C h icago R a ilw a y C o ., the C levelan d C olu m b u s C incinnati & In d ia n a p o lis
b y " A t la n t ic First Leased Lines R en ta l T r u s t C o ., L im ite d ,” o f L o n d o n .
R a ilw a y C o. an d the Indianap olis & S t. L ou is R a ilw a y C o ., m a d e In J u ly
188 9, per plan In V . 48, p . 427. O f the co m . s to c k , $30 ,207 ,70 0 w as In Jan .
D ivid en d s in 1897, 1 3 H % : 1898 t o 1904, b o th In clu sive, 1 3 H % y e a r ly ; In
1910 ow n ed b y the L . S. & M ich. S o . R y ., a m a jo rity o f the entire share
1905, 1 1 -4 2 % ; In 1906 to 1909. 1 1 .4 0 % .— (V . 63, p. 968.)
c a p ita l.
V . 7 2 , p . 86; V . 8 2 , p . 749.
C L E V E L A N D & M A R IE T T A R Y . — O w ns fro m M a rietta, O ., t o Canal
T h e c o m p a n y Is also o n e -fo u rth ow n er o f P eoria & P ekin U nion R y .
D o ve r, 103 m iles, and b ra n ch . 7 m iles, Z o a r , O ., to Canal D o v e r, leased.
(th rou g h the P e o . & E ast. R y .) , o n e -fo u rte e n th o w n er In T erm inal R R .
S to c k , $ 2 ,0 0 0 ,0 0 0 , o f w h ich th e P en n sylva n ia C o . D e c. 31 1909 o w n e d
A sso cia tion o f S t. L ou is, and tw o -flfth s o w n er o f In d la n a p . U nion R y ., and
$1,791,900 (par $10 0); surplus earnings o v e r ch arges g o to C. & M . D lv s .
p a rt o w n er o f C en t. In d ian a R y ., C en t. U nion D e p o t & R y . o f C incinnati
paid In 1906 ( 3 % ) . $60 ,000 ; in 1907, 4 % ; in 1908, 5 % ; In 190 0. 6 % .
U n ion D e p o t o f C olu m b u s, D a y to n U nion R y ., D a y to n & U nion R R ., Mun
B O N D S — G uaranteed prln. and Int. b y P en n . C o ; sin kin g fu n d 1 % .
c le B elt R y . and F in d la y B elt R y .. w h ich are o p era ted In d e p e n d e n tly.
E A R N I N G S .— In 1909, gross, $ 1 ,0 4 5 ,3 6 4 ; n e t, $3 0 4 ,2 0 3 ; Int. o n b o n d s .
S T O C K .— T h e sto c k h o ld e r s v o t e d Ju n e 21 1905 to Increase th e c o m m o n
$56 ,250 ; im p ro v e m e n ts, $18 8,55 6; o th e r ch arges, $ 8 ,5 8 3 ; d lv s . ( 6 % ) , $ 1 2 0 ,
s t o c k fro m $ 2 8 ,7 0 0 ,0 0 0 to $ 4 0 ,0 0 0 ,0 0 0 a n d O ct. 31 1906 t o $ 5 0 ,0 0 0 ,0 0 0 .
000 ; b a l., s u r ., $20 ,813 . In 1908, gross. $ 0 3 7 ,9 8 3 .— (V . 8 8 , p . 52.)
I n 1907 $ 4 ,8 0 6 ,5 8 0 w as s u b s crib e d fo r b y s to c k h o ld e r s a t 90; $ 2 ,2 4 9 ,7 2 0
C L E V E L A N D & P IT T S B U R G H R R . — (See M a p P en n sylva n ia R ailroad.)
a d d itio n a l w as sold to Jan . 1910.
V . 8 3 , p . 687 , 1290; V . 8 4 , p . 1247.
— C levelan d, O ., t o R o c h e s te r , P a ., 124 m iles; b ra n ch e s— B a y a r d , O ., t o
D I V I D E N D S .— r 9 7 . ’ 98. ’ 99. ’ 00. ’ 0 1 . ’ 02 t o ’ 07. ’0 8 . 1900. 191 0.
R o sw e ll, O ., 39 m .; Y e llo w Creek to B ellalre, 43 m .; tra ck a g e , R o c h e s te r t o
C o m m o n ...........- . % ) 0
0
0
3 3 H 4 y e a r ly .
1
0
4
P itts b . (P . F t .W . & C h ic .), 26 m .; o th e r tra ck a g e . 23 m .; t o ta l, 255 m iles
P r e f e r r e d ............. % 1 2 H
5
5
5
5
5 y e a r ly .
5
5
5
L E A S E .— L eased fo r 999 years D e c. 1 1871 to P e n n . R R . C o ., an d leas©
B O N D S .— T h e sinking fund p rovision o f the C leveland C olum bus C in cin transferred to P en n sylva n ia C o .
R e n ta l, d iv id e n d s o n s t o c k . Interest
nati A In d ian apolis consol, bonds (sta m p ed) has been c a n ce le d . T h e p rin
on bon d s and organ ization expen ses.
“ S pecial gu aran teed b e tterm en t
cip al o f these bon d s Is p a y a b le In g o ld , b u t the interest Is p a y a b le a t o p tio n
s to c k ” (su bordin ate to the original s to c k as t o d iv id e n d s o n ly ) , w ith d iv l.
o f h old er, eith er In lawful m o n e y at 7 % per an n u m o r In B ritish sterling at
dends o f 4 % gu aran teed b y the P e n n . R R . , Is Issuable fo r Im p ro ve m en ts,
6% .
O f the In d ian apolis A St. L o u is 1st 7s. series " A ” are J. & J .; series
V. 79. p. 2205, 2642; V . 8 3 , p. 625; V . 85. p. 1082; V . 8 7 , p . 812 .
* 'B ,” M . & S .; series “ C ,” M . & N .
B O N D S .— G enerals are all eq u a lly secu red ; g u a ra n ty .
V . 56, p . 604.
St. L ou is D iv is io n bonds, see deed o f tru st, V . 52, p . 42-45.
E A R N I N G S .— In 1909, gross earn in gs, $ 1 1 ,1 0 4 ,9 1 4 ; n e t, $4,526,277 7
T h e 100-year mortgage o f 1893 Is lim ited t o $ 5 0 ,0 0 0 ,0 0 0 .
In A p r . 1910
profit
to
lessee,
$
2
,5
1
7
,3
3
3
.—
(V
.
8
7
,
p
.
812:
V
.
8
9
,
p
.
992.)
$22 ,115 ,00 0 g en . 4s w ere reserved fo r p rior liens (ex clu siv e o f C airo d iv isio n ,
C L E V E L A N D SH O R T L IN E R Y — T o be a b elt line a ro u n d C le v ela n d ,
P eoria D iv is io n , M ichigan D ivisio n and the S t. L ou is D ivisio n w est o f T erre
O ., fro m a p o in t near W e s t P a rk , 7 m iles w est o f C levelan d , east, th en ce
H a u te ), and $ 2 ,7 4 8 ,0 0 0 fo r e q u ip m e n t, c o n s tru ctio n a n d b e tte rm e n ts, & c ..
n o rth e a st to C o llln w o o d , 19.05 m iles, o f w hich 9.68 m iles In o p e ra tion In
$ 1 ,0 0 0 ,0 0 0 y e a r ly .
See V . 7 8 . p . 1446; V . 7 9 , p . 7 3 3 ; V . 83, p . 370; V 87
S e p t. 1910.
V . 91, p . 654 . S to c k , $ 3 ,7 5 0 ,0 0 0 ; all o w n e d b y L a k e S h o r e
p . 1010; V . 9 0 , p . 626, 1044. G uarantees C h ic. In d ia n . & S t. L . S h o rt L ine
R y . . C en t. In d ia n a R y . a n d Springfield U n ion D e p o t C o . b o n d s. V . 7 7 .
& M ich . S o u th .; par. $100. V . 86, p. 167.
P res.. W . C. B ro w n : V . - P . ,
p . 510, 517, 769 , 1363, 2280; V . 78, p . 1906, 1961; V . 79, p . 2589.
D . C. M o o n .— (V . 88, p. 563; V . 91, p. 054.)
. , X h « « ‘ ockhol<le« N o v - 17
au th o riz e d $ 2 0 ,0 0 0 ,0 0 0 b o n d s, o f w h ich
C L E V E L A N D T E R M I N A L & V A L L E Y R R .— (See M a p B a ltim ore A
$ 1 0 , 000,000 sold M ay 1910, p a y a b le in fra n c s , t o p r o v id e fo r $ 5 ,0 0 0 ,0 0 0
o n t o .) — O w ns fro m C le v e la n d , O .. to V a lley J u n c tio n , 75 m iles; b ra n ch es,
n o t,eL <i ue J u n c 1 1911 an(1 flo a tin g d e b t .
V . 8 9 . p . 720, 778, 1141; V . 90.
11 m iles: yard track and sid in gs, 89 m iles.
p . 1238, 1296, 1424, 1554.
’
S T O C K .— O f the $4 ,6 1 5 ,3 0 0 com m on (par $50) B. & O . ow n s $4 ,5 9 4 ,3 0 0
f? ur oth er ro a d s c o v e n a n ts t o p a y N ew Y o r k C entral Lines
and o f the $2,06 0 ,7 5 0 preferred. $ 1 ,8 2 6 ,7 0 0 ; par, $100.
$ 3 0 ,0 0 0 ,0 0 0 e q u ip m e n t trusts o f 1907 a n d 1910, th e c o m p a n y ’s share o f
B O N D S .— T h e 1st M . bo n d s are g u a r ., p. & L , b y B . & O ., e n d o rs e d .
equ, 1P,l7en,t, ’ <;ased beln* 53 ,7 0 0 ,3 4 7 and $ 2 ,3 0 0 ,0 0 0 , re s p e c tiv e ly .
V . 85.
p . 1401; V . 8 6 . d . 168: V . 8 8 . d . 761: V . 9 0 . D. 1677.
Due B . & O . o n general a c c o u n t Jun e 30 1909, $ 1 ,1 7 6 ,0 5 6 .
F I N A N C E S .— G uarantees Interest o n L ou isville & Jefferson
R E P O R T f o r y e a r e n d in g Jun e 30 1908 w as In V . 8 7 , p . 1297. In 1908-Ofr
v llle B ridge b on d s Jointly w ith the Ches. & O . V . 68 p. 8 2 2 . Capital
gross, $1,0 5 6 ,4 8 8 ; n e t, $28 0,43 5; o th e r In co m e , $31 ,7 0 2 ; In t., & c ., $24 5,23 7;
s t o c k per m ile o f roa d ow n e d D e c. 31 1909, $ 3 3 ,2 6 0 ; b o n d e d d e b t, $36,134
b a l., s u r ., $ 6 6 ,9 0 0 .— (V . 8 5 . p . 1395; V . 8 7 . p. 1297; V . 8 9 , p. 1223.)
O n M ch . 1 d iv s . on th e c o m . s to c k w ere resu m ed a n d Initial d lv . o f 3 % w as
C O A L & C O K E R Y .— O w ns fro m L etter, W . V a ., t o C h arleston . W . V a .,
p aid on C in cin n ati N orth ern s t o c k .
V . 90, p 108.
In M ay $10 ,000 000
166.4 m iles; tra ck a g e . R o a rin g C reek J e t. to E lkin s, 7 6 m ., an d R oaring(5 0 ,0 0 0 ,0 0 0 fra n cs) 4 % d e b s , w ere sold t o retire th e $ 5 ,0 0 0 ,0 0 0 notes d u e
Creek
J e t. to L elter, 1.6 m .; M able to B e llln g to n . 17.7 m .; b ran ch G assaw ay
Ju n e 1 1011 a n d fo r Im p ro v e m e n ts. V . 9 0 , p . 1296, 1424, 1554, 1613.
t o S u tto n , 6.5 m . (co m p le te d J a n . 1910): to ta l J u n c 30 1010, 199.8 miles,.
E A R N I N G S .— 8 m o s .,/1 9 1 0 ............ G ross, $ 1 9 ,3 7 9 ,1 0 2 ; n e t, $4,266,992
C o m p a n y 's o w n line un d er c o n s tr u c tio n O c t . 1910 fro m E lkins to R . C. J e t.*
Jan . 1 t o A u g .3 1 .
1 1909............ G ross, 1 7 ,4 2 5 ,7 5 9 ; n e t, 4 ,8 0 8 ,6 2 9
7.6 m iles. A b o u t 100,000 acres o f c o a l lands a r c o w n e d .
R A IL R O A D C O M P A N IE S
[F or abbreviation s, & c ., see notes on first page]
M ile s
R oad
D ate
B onds
Par
V a lue
125 1888 $1,000 A c
C le v e & M V— C o n s m (n ow first) $3,0 0 0 ,0 0 0 g .C e .c A r
1,000
103 1895
C lev e & Mar— First m tg e s f n o t draw n g o ld gu ar F .c*
__ _
50
C leve & P itts b u r g h — S to c k 7 % guar b y Penn R R Co
____
50
S pecial b etterm en t s to c k $10 ,738 ,13 5 gu ar 4 % -----l ,000
1892
G en M $ 1 0 ,000 ,00 0 g o l d - . F) Scries A ft B . .............c* 205
1,000
G uaran teed prln an d Int iSeries C ft D ________ c* 205 H ’98-00
1,000
1892
(end) Penn R R -----------JSeries B Int re d u ce d . .
205H
C levelan d T erm inal & Valley— See B a ltim ore ft O h io .
1.000
C oal & C ok e— First m ortg a g e $ 5,000,000 g o ld ______
191 1903
C oal A Iron— See W estern M aryland
C oal R iv er R y — See Chesapeake & O hio
100 fee
13 1868
C o lc b r o o k d a ie — 1st M $593,400 u n d R e a d M o f 1897_c
1,000
C o lo M id lan d — 1st .\1 $ 10 ,000 ,00 0 (V . 71. p. 1 3 9 )_Cec*
261 1897
100
____
C o lo r a d o & S ou th ern — C om m o n s to c k $ 3 1 ,0 0 0 ,0 0 0 ___
____
100
First p referred 4 % n o n -c u m u la tlv e $ 8 ,5 0 0 ,0 0 0 ______
100
1882
S econ d preferred 4 % n o n -c u m u la tlv e $8 500 ,000 . .
1.000
First m o rtg a g e g old $ 2 0 ,0 0 0 ,0 0 0 _____________ T a c*
1,041 1899
100 A c
1905
R e f M $ 10 0,00 0,0 00 g red 1 0 1 ____________ Ce x c * r * T e x t
1 ,000
1907
E q u ip b on d s ser A due s-a red 101 (V 84 n 507)
(j
C o lo r a d o Southern N ew O rleans A Pacific — See S t. L o uls ft San Fr a n clsco
l ,000
15 1900
C o lo Sp & C rip Cr D R y — 1 st .il $ 2 ,000,000 g s f .C e
1,000
1902
F irst co n s o l m ortg a g e $3,6 0 0 ,0 0 0 g o l d _____ G .c A r
1.000
1908
C o lo r a d o T e x a s & M e x ico — First m tge $ 7 5 ,0 0 0 ,0 0 0 ..
1,000
75 1887
C olu m N ew b & L aurens— 1st M $12,000 p e r m — SBa
1,000
70 1898
C olu m b ia S ou th ern — First m tg e g o ld $ 2 ,1 0 0 ,0 0 0 ___ N
C olu m b ia & G reen ville— See S outhern R y
C o lu m b u s & T o le d o — See H o ck in g V a lle y R y
50
55 ____
C o lu m b u s & X en ia — S tock 8 % re n ta l--------------------------500 A c
„ - 1895
C o m b in a tio n B ridge (S iou x C ity la) — First m o rtg a g e
1,000
71 1894
C o n c o r d & C larem on t (N H ) — First m o r tg a g e -------------c
_ _
100
_
C o n cord & M on treal— S to c k Class I (B C ft M p r e f ) - 100
S to c k Class II (11 C A M n e w ) ---------- ----------- -------------100
S to c k Class III (B C ft M o ld s t o c k ) ...............................
100
S to c k Class IV (C on cord ) (te x t) ___________________
B C & M lm p t M , t o be p a id o ff Jan 1 1911 ............._c
1,000
166 1881
x Series “ A , ”
JA J;
" B ,”
AAO.
y “ C .”
M AN;
n .”
A m oun t
O utstanding
$ 2,936,000
1 .250,000
11,247,700
9 ,387,550
4 ,561,000
4 .584,000
439,000
4 ,0 3 1 .0 0 0
R ate
%
W hen
P a ya b le
See t e x t
5 g
g M A N
7
Q— M
4
Q— M
4H g
X
3 Vi g
y
3H g A A O
6 g
A
600,000
6
J
8 ,9 4 6 ,0 0 0
J
4 g
3 1 ,000,000 See te x t See
8 ,5 0 0 ,0 0 0 4 In 1910 A
8,5 0 0 ,0 0 0 4 in 1910 A
19.402,000
F
4 g
2 7 .8 8 2 ,0 0 0
4M g M
669,000
5
A
A
L ast D ivid en d
and M a tu r ity
Jan 1 1938
W in s lo w , Lan A
M ay 1 1935
F arm ers L A T r
S e p t 1 1910 1 'A W in s lo w , Lan A
S e p t 1 1910 1%
do
J a n -O ct 1942
1948-1950
O ct 1 1942
O Apr 11919
A D
ft
J
te x t
A O
A O
A A
A N
A O
Jun e 1 1898
J u ly 1 1947
D eo 31 1909
O ct 1 1910
O ct 1 1910
F eb 1 1929
M ay 1 1935
A p r ’ 11-A p r
A
A
A
A
A
J
O
J
J
D
Jan
O ct
Jan
J u ly
D ec
1
1
1
1
1
1,786,200 See te x t
Q— M
500,000
5
J
A
J
500,000
J
A
J
800,000
7
Q— J
540,400
7
Q— J
459,600
7
Q— J
6 .0 5 7 ,6 0 0
7
Q— J
500,000
6
J
A
J
Sept
J u ly
Jan
O ct
O ct
O ct
O ct
Jan
101910
1 1915
1 1914
1 1910
1 1910
1 1910
1 1910
1 1911
1,671,000
1,379,000
(?)
899.000
700,000
5
5
5
3
6
g
g
g
g
J
A
J
J
J
P laces W h ere Interest and
D ivid en d s are P a y a b le
Co N Y
Co N Y
Co N Y
do
E lkins W V a o r B a lt
26 L ib e r ty S t .. N Y
2 % O ffic e . 26 L ib e r ty , N Y
2%
do
do
2%
do
do
do
do
do
do
’ 17 G u a ra n ty T ru st Co N Y
1930
1942
1958
1937
1948
Chem B k N Y ; A C ol S p
G u T r N Y ; ft C ol Sp
N ew Y ork
Safe D ep A T r C o , B a lt
N ew Y o r k T ru st C o N Y
2 % T reasu rer,
C olu m bu s
O
1h
1M
1 yt
1y
B e a co n Trust C o B o s to n
FAA
S t o c k , c o m ., $ 1 0 ,0 0 0 ,0 0 0 , all o u tsta n d in g ; 5 % p r e f., $ 10 ,000 ,00 0 a u th o r
E A R N I N G S .— I n c lu d in g F t . W o r t h & D e n . C ity a n d all a ffilia te d lin es.
ized O ct. 1907, o f w h ich $8,8 8 1 ,8 0 0 Issued to purchase $ 0 ,3 0 0 ,0 0 0 b on d s
2 M o s . end. A u g . 31.
G ross.
N et.
C h g e s.(N e t).
B a l..S u r .
an d settlem en t o f oth er d e b ts ; b o n d s red u ced t o $ 5 ,0 0 0 ,0 0 0 , o f w h ich $ 2 .
$88 2,45 3
$50 6,21 8
$ 3 7 6,23 5
1 9 1 0 ............. ..........................$ 2 ,8 2 6 ,8 9 5
0 00 ,000 In treasury.
V . 85, p. 1005.
M ortgage co v e rs road an d coal lands.
1909 . ..................................... 2,6 5 1 ,8 6 7
978 ,8 9 6
4 3 7 ,6 3 4
541,262
V . 78, p. 47. Car trusts Jun e 30 1910, $30 1 ,4 7 4 , d u e $55 ,0 0 0 y e a r ly ; loans
R E P O R T .— R e p o rt fo r 1909-10 at le n g th , sh o w in g o p e ra tio n s o f s y s te m .
•and bills p a y a b le , $ 1 ,4 6 8 ,2 8 7 .
Inclu din g the F t . W o rth A D e n ve r C ity and C ol. Spr. ft C r ip .C r . D lst. R y . .
D e n v e r & In teru rban R R ., C olorad o R R . , F t. W . ft D e n v . T e r m . R y . and
E A R N I N G S .— 2 m o s ., 11910.......................... G ross, $ 13 4,05 3; n e t, $35,973
( 190 9______________ G ross, 122,818; net, 31,866
W ich ita V a lle y lines w as In “ C h ron icle” O ct. 29.
J u ly 1 to A u g . 31.
In 1909-10, gross, $ 85 7,94 5; n e t, $292,121; net Incom e coal d e p t ., A c .,
1909-10.
1908-09.
1907-08.
$ 4 2 ,3 4 1 ; total n et, $ 33 4,46 2; Interest on b o n d s, $19 7,35 9; o th e r charges an d
A v e ra g e m ile s_____ ___________________
2 ,0 4 2
1,980
1,932
ta x e s , $11 5,88 0; b a l., s u r ., $21 ,2 2 3 .
P res., II. G . D a v is, E lkins, VV. V a .;
T o ta l o p e ra tin g r e v e n u e s _______________$16 ,777 ,98 1 $1 5 ,0 8 0 ,4 1 2 $14 ,2 8 3 ,1 3 3
O p e ra tin g e x p e n s e s .................................... 10,863,4 5 1 0,225,687
9 ,5 4 2 ,8 0 9
S e c ., C. M . H e n d lcy , W a s h in g to n , D . C .— (V . 88. p. 1499; V . 90, p . 1613.)
O p era tin g Incom e (o v e r t a x e s ) ________
5,414,333
4 453 ,6 8 3
4 ,3 3 8 ,6 8 8
COLEBROOKDALE RR. — P o tts to w n t o B a rto , P a ., 12.84 m iles. Leased
to P h lla. A R ea d in g R y . C o m m o n s t o c k , $29 7 ,2 1 5 ; p a r, $50.
T o ta l net In co m e_________
$5,6 5 1 ,7 0 0
$ 4 ,9 2 0 ,3 8 5 $ 4 ,6 3 4 ,9 6 2
COLORADO MIDLAND R Y. — O w ns fro m C o lo ra d o S prin gs t o N ew
I n t. o n b o n d s, e q u ip , o b llg ’ns, & c _____ $2,7 0 0 ,0 6 7 $ 2 ,7 2 1 ,5 2 6 $ 2 ,4 6 3 ,0 5 8
C astle, C o l., th rou gh B u s k -Iv a n h o e tu n n el, 221.92 m iles; bran ch es. B asalt
340 ,0 0 0
3 40 ,000
340 ,0 0 0
D iv id e n d first p re f. s to c k ( 4 % ) ______
t o A sp en , 19.37 m .; C a rd llf t o S prin g G u lch , 15.01 m .; A rk a n sas J e t. to
D iv id e n d se co n d pref. s to c k ( 4 % ) ____
340 ,000
340 ,000
3 4 0 ,0 0 0
L e a d v llle , 4 .8 0 m .; tota l ow n e d , 261.10 m iles. Leases ltlo G ra nde J e t. R y .,
D iv id e n d co m m o n s to c k ( 2 % ) ..............
620 ,0 0 0
620 ,000
______
R ifle Creek to end R . G . J . R y .. 62.08 m .; tra ck a g e t o R ifle C reek, A c ., 14.46
B a lan ce, surplus, fo r y e a r .......... ..........$1,6 5 1 ,6 3 3
$89 8,85 9 $ 1 ,4 9 1 ,9 0 3
■m.; to ta l o p e r a te d , 337 .64 m iles.
O F F I C E R S .— C h airm an, G eorge B . H arris; P r e s ., D arius M iller; V .-P .
O R G A N I Z A T I O N .— Su ccessor O ct. 1897 to the C o lo ra d o M idland R a il
A . D . P a rk e r, D e n ve r, C o l.: S ec. an d T r e a s ., B . F . Ja m es, D en ver, C ol.
road, foreclosed and reorganized per plan In V. 64, p. 1224, 1226. In M ay
1900 a m a jo rity o f the s t o c k , If n o t the en tire Issue, was pu rch ased b y a A s s t. S e c. and A sst. T re a s ., L . E . K a tz e n b a c h , 26 L ib e r ty S t ., N . Y . N ew
d ir e cto r s , 1909, V . 88. p . 563; V . 89, p . 1347.— V . 9 1 , p . 214 , 33 3 , 462.)
s y n d ica te In the Joint Interest o f the C o lo ra d o A S ou th ern and Denver A
Rio G ra n de. V. 70, p . 686. 791, 997, 1290; V. 71, p. 28; V. 73. p. 1111. „ C O L O R A D O S P R IN G S A C R I P P L E C R E E K D IS T R IC T R Y . — C o lo ra d o
S prings to C ripple C reek. C o l., 46 m .; bra n ch . C am eron to V ic to r , 5 m .;
Pref., $6 000,000; c o m m o n , $4,000,000.
o th e r bran ch es and spu rs, 24 m .; to ta l. 75 m ., o f w h ich 59 m . ste a m , 14 m .
E A R N I N G S .— 2 m o s ., / 191 0...................... G ross. $35 8 ,2 0 8 ; n e t, $69 ,893
steam and e le ctric and 2 m . p u rely e le ctric.
In Jan . 1905 C o lo ra d o A
J u ly 1 t o A u g . 31.
1 1 9 0 9 ____________ G ross,
3 98 ,190 ; n et,
74,118
S outhern a cqu ired all the s to ck e x c e p t $900 c o m .
V . 80, p . 472 , 1 1 1 1 1423.
Y ea r—
G ross.
N et.
M is c . In c . Charges.
B a lan ce.
S t o c k , all o u ts ta n d in g , c o m ., $ 1 ,2 0 0 ,0 0 0 ; p r e f., 5 % , n o n -c u m ., $ 8 0 0 ,0 0 0 .
190 9-1 0 ..................$ 2,3 4 0 ,2 8 6
$328,432
$38 ,583 $499,308 d cf.S 1 3 2 .2 9 3
Par o f shares. $100 e a ch .
D ividen d 5 % o n preferred , paid F eb . 1907.
1908-09 .................. 2,3 1 2 ,5 9 0
383 ,389
59,054
4 89 ,529
d c f.4 7 ,0 8 6
an d Ju n e 1908. O n c o m ., 2 % S e p t. 1908. S in k , fu n d can retire first
O F F I C E R S .— P r e s ., A . D . P a rk er: V Ic e -P r e s ., Chas. I I . S ch lack s;
m tg e . b o n d s y e a r ly a t 110 f o r first 15 vears. then a t 107 H fo r 5 y r s ., th en 105
T r e a s ., H en ry L . H o b b s ; S e c ., L . B . J o h n so n , D en ver; A s s t. S e c ., L . E .
fo r n e x t 5 y r s ., 102 H fo r three y e a rs, th e re a fte r a t par.
V . 76, p. 3 4 5 .
K a tz c n b a c h , N . Y . ; A sst. T r e a s ., I I . B . H en son , N . Y .
E A R N I N G S .— 12 m o s ., 11909-10................. G ross, $ 70 0,22 0; n e t, $ 21 0,59 4
D irectors— G eorge B . H arris, A . D . P a rk er, D arius M iller, W . P . C lou gh ,
J u ly 1 to Jun e 30.
(1 9 0 8 -0 9 _________ G ross, 764,486; n e t, 2 5 5 ,0 7
1
E d w in H a w ley , G eorge J . G o u ld , E d w in G o u ld , W in s lo w S . P ie rce , E . T .
P re s ., F ran k T r u m b u ll.— (V . 81, p . 725: V . 87, p. 740; V . 8 8 . p . 82 2 .)
J effery an d C has. I I . S c h la c k s .— ( V . 89, p . 778 ; V . 90, p .4 4 7 .)
C O L U M B IA N E W B E R R Y & L A U R E N S R R .— C o lu m b ia to L a u ren s.
COLORADO & SOUTHERN RY.— (See M a p . ) — O perates a system from
S to c k , $50 0,00 0.
B on ds w ere 6s. b u t re-lssued as 3s In 190 0,
O rln J e t ., W y o m in g , th rou gh C o lo ra d o to F o rt W o r th . T e x ., an d b y e x S. C .,7 5 m .
Incom e certificates to a m o u n t o f 4 0 % o f b o n d s b e in g Issued.
tensions b u ilt to 1906-07 reaches tid ew ater at G a lv e sto n , T e x ., and also
H o u s to n , D allas and o th e r p o in ts, v iz .: ( ‘ w h ich see)
E A R N I N G S .— 2 m o s ., 1 1 9 1 0 .. ...................... G ross, $ 50 ,103 ; n et, $12,487
L in es Owned—
M iles.
Controlled—
M ile s
J u ly 1 to A u g . 31.
1 1 9 0 9 ---------------------- G ross, 4 2 ,3 3 1 : n e t,
4,844
C h eyen n e to Orln J u n c t io n _______ 154 D e n ve r & In te ru rb a n R R ___________ 27
Y ea r e n d in g Ju n e 30 1910, gross, $ 28 3,09 6; n e t, $7 0 ,6 5 3 . In 1908-09,
D en v er t o S ou th ern J e t ., C o l o . . 129 C o lo ra d o R R . ( V . 8 7 ,p .6 7 7 ) ............. 42
gross, $ 27 9,23 1; n et, $53 ,8 6 0 .
In 1907-08, gross, $ 28 2,58 1; n et, $58,925!
D en ver to L ea d v . (nar. g a u g e ) . . 152 W a lse n b u rg & W e s t e r n ....................
l
ch arges, $ 56 ,132 ; b a l., s u r ., $ 2 ,7 9 3 . P re s., W . G . C hilds, C olu m bia, S. C.
C o m o to B aldw in Mine (d o ) .1 3 2 F ort W o rth ft D en ver C it y .
*454
CO LU A1BU S & SO U T H E R N R Y . — W y a n d o tt e , O ., at a co n n e ctio n w ith
'W a lsen b u rg J e t . , C o l., t o T e x a s
C ol. S pr. & Crip Cr. D i s t r i c t . . ! . *74
the P en n . R R . to S ou th D loo m ln g v llle , 34 m iles. S to c k a u th o r iz e d ,
S tate L in e _______________________ 176 W ich ita V a lley R y . .....................
*52
$ 2 ,0 0 0 ,0 0 0 .
O w ned M arch 1908 b y G eo. E. W ilb e r . B o s to n , Mass.
F or
O t h .lln c s .b r ., A c . (106 nar. gau ge)29 8 W ich ita Falls ft O k la h o m a ..
" 23
y e a r en d in g J un e 30 1909, gross. $12,483: n e t, $ 3 1 3 .— (V . 8 3 , p . 1290.)
W ich ita V a lle y R R ______________ I o i
T ra ck a g e— P u eb lo to W alse n b ’ g
30
(D en ver ft R io G rande) . ____ 58 A bilene ft N orthern ___________ ”
C O L U M B U S & X E N IA R R .— O w ns from C o lu m b u s, O ., to X e n ia , O .,
C h eyen n o to D en ver (U n . P a o .) .. 1 0 7 S t a m 'o r d ft N . W . R y ................... _ I 82
55 m iles. O perated as a d ivision o f the L ittle M iam i, and Is leased fo r 99
years fro m D e c. 1869. In co n n e ctio n w ith th at ro a d , to the P ittsb u rgh C in
cinnati C h ica go ft St. L ou is, w h ich pays 8 % on s to c k . T h e lease Is gu ar
T ota l ...............................................1,208
T o ta l June 30 1 9 1 0 .....................2,061
anteed b y P e n n sylva n ia R R . C o.
D ivid en d s 2 -5 % per an n u m , from assets,
A lso ow n s beneficial h a lf Interest In C o lo ra d o M id lan d, o p e ra tin g 338 tn.,
were d isco n tin u e d In 1 90 1.— (V . 72. p. 532.)
an d In T r in ity & B razos V a lle y R y . See those c o m p a n ie s. T h e S ta m fo rd
ft N orth w estern R y ., S ta m fo r d , T e x ,, n o rth w e ste rly 82 H m ., w as c o m
C O M B IN A T IO N B R ID G E (S IO U X C IT Y , I A .) . — O w ns steel bridge 1,940
p le te d O ct. 1909,
V . 89, p. 1281.
In Jun e 1910 c o n s tru ctio n w as begun
feet lo n g o v e r M issouri R iv e r , w ith a p p ro a ch e s, 1 m ile, used b y railroads
and street cars as a h igh w ay. S t o c k , $ 1 ,5 0 0 ,0 0 0 .
M tge. trustee, U nion
o n a new jo in t low -g ra d e line w ith the D e n ve r ft R io G rande fro m P u e b lo
Trust C o .. In d ia n a p olis. Ind.
P re s., J o s. C. H e a d , L a tr o b e , P a .; S e c ., F .
t o W a ls e n b u rg , 56 m iles, at a c o s t o f p r o b a b ly $ 5 ,7 0 0 ,0 0 0 . V . 90, p . 626.
L. E a to n . S io u x C ity , la . — (V . 78. p. 102, 286.)
O R G A N I Z A T I O N .— T o o k o v e r o p e r. J a n . 11 1899, per plan V . 67, p.
C O N C O R D & M O N T R E A L R R .— F rom N ash u a, N . H ., via C o n co r d ,
74 8 , o f U n ion P a cific D en ve r ft G ulf and D en ver L e a d vllle ft G u n n ison .
P ly m o u th , A c ., to G ro v e to n and the W h ite M ountains. 450 miles In a ll.
In D ec. 1908 the C h icago B u rlin gton & Q u in cy a cq u ire d $23 ,6 5 7 ,5 0 0 c o m .
In clu din g M anchester ft K een e. 30 m .; o w n ed Join tly. 414 m .; 35 m . d o u b le
s to c k (p r a c tic a lly a c o n trollin g Interest) held b y E dw in H a w le y an d a s s o
track. O w ns C o n co rd Street R y ., 1 1 m .; also ele ctric bran ch from C on cord
cia tes.
V . 87, p. 1663, 1604; V . 88, p. 158, 685.
to M anchester, N . H ., 17 m iles, an d N ashua A A c to n R R ., 20 m iles.
O w ns a largo m a jo rity o f the c o m . s to c k o f F o rt W o r th ft D e n v e r C ity
On Jun e 29 1895 leased to B oston ft M aine fo r 91 vears at rental o f 7 %
I n ;, w hlch sec.
o w n s a beneficial Interest In on e-h alf s to c k o f C olorad o
per an n u m on all s t o c k . O n J a n . 5 1910 $ 2 5 0,00 0 s to c k w as sold to d e v e lo p
M id la n d .
V . 70, p . 739 . T h e v o t in g trust term in ated A p ril 1 1905. C o n
trols D en ver ft In teru rban (E le ctric) R y ., w h ich o w n s 21 m iles, op e ra te d
w ater p ow er.
V . 89, p . 992; V . 90, p. 54.
In O ct. 1910 $50 0,00 0 c o n s o l. 4s
sin ce J u ly 1 1908, an d op era te s 31 miles o f C ol. ft S o u ., w h ich has been e le c
w ere oflered to retire th e B o sto n C on cord ft M ontreal 6s d u e Jan . 1 1911,
trified , u nd er lease. V . 87, p . 950; V . 89, p. 934.
m a k in g $ 5 ,5 0 0 ,0 0 0 c o n so ls o u ts ta n d in g .
V. 91, p. 1025.— (V . 91, p. 1025.)
D I V I D E N D S — % ’ 00. ’ 01. ’ 02. ’ 0 3 . ’ 04. ’ 05. ’ 06. ’ 07. ’ 08. ’ 09. 1910.
CO N C O R D & P O R T SM O U TH R R .— O w ns P o rts m o u th , N. H ., to M an
F irst p re fe rr e d ............... 2 3 ^ 3 ^ 4
2
0
4
4
4
4
4
ch ester, N . H .,4 0 y $ m .
Leased to C o n co rd R R . In 1862 fo r 99 years: re n ta l.
S econ d p referred .............................................
4
4
4
4
$25 ,000 : 7 % on s to ck and o rg. e x p . O perated b y B oston & M aine.
-C om m on -----------------------------------__
- - - - - 2 2
C O N N E C T IC U T & P A S S U M P S IC R IV E R S R R .— W h ite R iv e r J e t ., V t . .
O n c o m m o n , 2 % D e c. 15 1908; D e c. 31 1909, 2 % . " "
to C anada Line. 110 m .: leases 999 vears M assawlppl V a lle y . 37 m iles.
B O N D S .— 1st M ., see V . 68, p . 1027; V . 7 7 . p . 2158: V . 8 7 , p . 41 4 , 1160.
O w ns n early all the s to c k ($350,000) o f th e N e w p o rt ft R lc h fo r d R R .,
v' • 0 1 1 p • 214*
N e w p o r t, V t ., to C anadian line, 21 m iles, op e ra te d u n d er lease b y M on treal
T h e $ 10 0 , 000,000 refu n d in g b o n d s o f 1905 w ere m ade Issuable as fo llo w s'
ft A tla n tic R y . (C an. P a c. sy ste m , an d guaran tees Its n ew 1st 3 0 -ye a r 5 %
b o n d s d a te d Ja n . 1 1911.
V . 91, p . 946.
F o r refu n d in g bond s and eq u ip m e n t ob lig a tio n s o f s y s t e m _______$36 ,850 000
F o r betterm en ts and Im p rovem en ts, Including e q u ip m e n t, at the
L E A S E .— F rom Ja n . 1 1887, leased to the B oston & L ow ell fo r 99 years
cu m u la tiv e yearly rate, begin n in g Jan. 1 1905. o f $500 per
on a basis to p a y C. A P . s to ck 5 % till Jan . 1897 an d 6 % thereafter.
m ile o f op era ted and con tro lle d lin es.......... ....................... ................ 15.000 000
S E C U R I T I E S .— M assaw lppl s to c k receives sam e d iv id e n d s as s to c k o f
F o r reim bu rsem en t o f the treasury o f the c o m p a n y , A c ____
2 500 000
lessee and $400,000 o f It (n o t Included In the a m o u n t o u tsta n d in g ) Is pledged
F o r acqu isition o f a dd ition al p rop erty (In cluding proper p ro vl’
’
as
p a rt se cu rity fo r 4s o f 1893. O f the $2,5 0 0 ,0 0 0 p r e f., $500 000, as also
slon fo r the c o s t o f d o u b le -tra ck in g parts o f the m ain l i n e s ) . . 45,6 5 0 000
$50 ,000 M assaw lppl V a lle y R y . s to c k , w h ich w ere d e p o s ite d u nd er trust
E oulnm en* b on d s o f 1907 m ature $51 ,000 s-a to A pril 1 1914- thereafter
certificates, w ere pu rchased F e b . 1 1910 b y th e V e rm o n t V a lle y , u n d er Its
$ 5 2 ,0 0 0 ; V . 8 4 , p . 507. P u llm an C o . ca r trusts Jun e 30 1910, $ 1 5 1 12 3
o p tio n , at p a r .— ( V . 57, p . 1040.)
T h e refu n d in g b on d s are secured b y a first lien o n all the b nds an d p ra c
tic a lly all the s to c k o f the c o s . o w n in g a b o u t 622 m iles o f r o a d . In clu d in g the
C O N N E C T IC U T R IV E R R R .— O w ns fro m S p rin gfield , M ass., to K e e n e ,
W ic h ita V a lley lines and th e T r in ity ft B razos V a lle y R y .; also, b y d ire ct
N. H ., 74 m .; B ellow s Falls to B r a ttle b o r o , V t ., 24 m .; bran ch es, 6 in .; to t a l,
lien , s u b je c t to th e first m o rtg a g e , o n a b o u t 1,041 m iles o f road o w n e d b y
104 m ., o f w h ich 50 d o u b le -tra ck e d . C on trols Sullivan C o. R R ., B ellow s
th e C olora d o ft S ou th ern and on p ra ctica lly all the s to c k o f su b sid ia ry co s
Falls to W in d s o r, V t ., 26 m iles. V . 8 0 , p . 1478; V . 81, p. 89 9 . 1723.
o w n in g 555 m iles o f r oa d , m ak in g 1,596 a d d itio n a l m iles o n w h ich there are
L E A S E .— Leased fo r 99 years fro m Jan . 1 1893 t o the B oston ft M ain e,
ou ts ta n d in g $ 3 0 ,6 7 9 ,0 0 0 u n d erlyin g b on d s; to ta l thus c o v e r e d , 2,219 m iles,
annual rental (as am en d ed O ct. 10 1895) being 10 % per an n u m on c a p it a l
o n w h ich the to ta l o u ts ta n d in g fu n d ed d e b t . In clu din g these b o n d s and all
s t o c k , p a y a b le d ir e ctly to s to ck h o ld e rs; also Interest on b o n d s and scrip and
p r io r liens, averaged $26,068 per m ile.
V . 80, p . 1971; V . 91, p. 4 6 2 , 214 .
$2,000 fo r orga n iza tio n exp en ses.
Lessee p ays all ta x e s, o p e ra tin g ex -
R A IL R O A D C O M P A N IE S
[F o r a b b r e v i a t io n s . A c . , s e e n o te s o n fir s t p a g e ]
M ile s D a te
R oad B on d s
Concord & MontreaKConcluded)—
Concord & Montreal cons M for $ 5 ,5 00 ,0 0 0 -.B B .c*
262 1890
Debenture bonds $1,150,000 currency___________ c*
97-99
do
do
$500,000 Interest guaranteed____
1900
Concord & Portsm outh— Stock 7 % rental 90 y r s ____
40 H
Conn & Passum psic— Pref stock 6 % rental 99 y r s -.c *
First m ortgage $1,900,000 gold ---------------------------- c+
110 1893
Massawlppl stock guar same dlv as Conn & Passump
37
N ewport & R lchford 1st M gold guar by C & P .c *
21 1911
Connecticut River— Stock $3,670,300 authorized)____
80
Bonds not m ortgage for $1,000,000 gold__________ c
1893
Bonds not m ortgage .......................................................
1901
do
do
_________________________________
1903
7 1883
Conn (Phila)— Phlla G & Ch H 1st M guar by P e n n ..r
Conn R y 3 H % gold mortgage $5,000,000..................
37 1902
1888
Cooperstow n & Susq Vail— 1st M $200,000 lnt g u a r ..
1 9H
1899
Copper Range— First m ortgage gold (see t e x t ).............. T e x t
1 non
Copper River & Northwestern— 1st M $50,000,000._S
2e
Cornwall & Lebanon— S tock__________________________
26 1891
First M extended at 4 % In 1906 (V 82 p 1322)____ r
Cripple CreekCen tral— Common s to c k ________________
Preferred stock 4 % non-cum ulatlve________________
41 1895
Midland Term first m tge gold sinking fund------ F.c*
43 1903
Cuba Eastern— First m ortgage $1,000,000 g o ld .K .c *
Debentures ________________________________________
53 1905
Northeastern Cuba 1st M $1,000,000 g gu p fc 1-----1905
Cuba Eastern Terminals first m ortgage guaranteed-.
1 ftft7
Eastern R R of Cuba first and refunding m tge g o ld . .
S e c u r itie s to b e I s s u e d b y N e w C o . (G u a n ta n a m o &
Common stock $2,750,000 auth...................................
1st pf stock (also as to ass) 7% non-cum $2,750,000.
2d pf stock (also as to ass) 5% non-cum $ 2 5 0 ,0 0 0 ..
st m ortgage $600,000 gold _____________________
Cuba RR— Com m on stock $10,000,000____________
Preferred stock 6 % non-cum ulatlve $ 1 0 ,00 0 ,0 0 0..
Flrst m tge gold $20,000 per m i l e _______ G xc*& r*
Im pt & equip M, g, $12,000 per m ---------------Nxc*
Cumberland Corporation— Coll trust gold notes---------Cumberland & Pennsylvania— First m tge gold g u a r ..
Somerset Coal car tr assum $76,000 y rly ______ FBa
1
W ester n R R .)
—
566
57
1909
1902
1910
1906
1891
1906
Par
V a lu e
1,000
1,000
1,000
100
100
1,000
100
1,000
100
1,000
1,000
1,000
1,000
1.000
100 &c
500 &c
R ate
%
See t e x t .
$1,050 000
473,000
350,000
2,500,000
1,900,000
400,000
350,000
3,233,300
1,000,000
290,000
969,000
1 .000,000
1,98 0 .0 0 0
200,000
2,280,000
4
3M & 4
3H
7
6
4 g
6
5 g
10
4 g
3H
3H
4M
3H g
5
5 g
5
1 0 In l9 1 0
4
See t e x t
4 In 1909
5 g
6 g
800 ,000
764,900
2,50 0 ,0 0 0
3,000,000
383,000
648,000
221 ,000
1,346,000
1,666
74,000
1,000
2 859 ,000
und er P lan—
2 ,0 1 2 ,5 0 0
2 ,0 1 2 ,5 0 0
110 500
000 ,000
50
100 &c
100
100
1,000
1,000
100
1,0 90 &c
500 &c
1,000
1,000
1,000
penses, & c ., b u t lessor to Issue Its s to ck o r b o n d s fo r p erm an en t Im p ro v e
m e n ts .— (V . 8 1 , p . 899 , 974 , 1723; V . 83, p . 625; V . 8 7 , p . 414 .)
CONNECTING RY. (PHILADELPHIA).— O w ns fro m G irard A v e . t o
F r a n k fo r t J e t ., P h lla ., 6 m .; N o rth P h lla . t o C h estn ut H ill, 7 m .; b ra n ch e s,
& c ., 23 m .; to t a l, 36 m .
V . 7 3 , p. 390 . S to c k a u th o r iz e d , $ 5 ,8 0 0 ,0 0 0 ; o u t
s ta n d in g . $ 3 ,6 1 3 ,6 5 0 ; all o w n e d b y P e n n sy lv a n ia R R . , w h ic h o p e ra te s
r o a d u n d er lease, assigned t o th a t c o . b y P h lla . & T r e n to n R R . , te rm in a tin g
F e b . 18 2 8 6 2 .
D iv id en d s 4 % y e a r ly (J . & D .) . — V . 7 5 , p . 1354.)
COOPERSTOWN & CHARLOTTE VALLEY RR.— (See M a p D el. A
H u d . ) . — O w ns C h arlotte C rossing to D a v e n p o r t C e n tre , 4.51 m .; leases fo r
99 years fro m Ja n . 1 1889, C o o p e rsto w n & S u sq . V a lle y R R . , C o o p e rsto w n
t o C h a rlotte C rossin g, w ith bra n ch t o C o o p e rsto w n J e t ., 19.48 m ., g u a ra n
teein g Interest on la tte r’ s $ 20 0,00 0 5 % b o n d s .
F o r y e a r e n d in g J u n e 3 0 ,
1910; gross, $ 6 7 ,9 8 3 ; net In com e, $ 2 8 ,1 4 6 ; ch a rg e s , $ 1 4 ,4 7 3 ; b a l., s u r .,
$ 1 1 ,6 7 3 . S t o c k , $45 ,0 0 0 ; a c q u ir e d J u ly 1903 b y D e l. & H u d .— ( V . 77,
p . 8 8 .)
COPPER RANOE RR.— C a lu m e t, M ic h ., t o M ass C ity , w ith b r a n c h e s ;
to t a l, 82 m .; sid etra ck s, 33 m . S t o c k , $ 4 ,2 4 4 ,3 0 0 , o f w h ich $ 1 ,6 3 9 ,2 0 0
o w n e d b y C op p er R a n ge C o n so lid a te d (M ining) C o .
B o n d s lim ite d to
$ 20 ,000 per m ile o f m ain line an d bran ch es an d $ 15 ,000 per m ile o f sid in gs.
Of the $ 2 ,2 8 0 ,0 0 0 b o n d s o u ts ta n d in g , $87 0,00 0 w ere In Jan . 1910 h eld in
th e trea su ry o f th e C op p e r R a n g e C on solid ated C o. V . 7 8 , p . 228 . D iv i
d e n d , 1 0 % , p a id N o v . 1909 fro m a c c u m u la te d surplus.
E A R N I N G S .— 1 1 m o s .,J 1 9 0 9 -1 0 ............ G ross, $7 4 7 ,8 6 1 ; n e t,
3 07 ,952
J u ly 1 t o J u n e 30.
\ 1908-09_______ G ross,
7 6 6 ,0 2 1 ; n e t,
2 2 4 ,0 6 7
Y e a r e n d in g Ju n e 30 1909, gross, $76 6,02 0; n e t, $ 2 2 4 ,0 0 7 . In 1 9 0 7 -0 8 ,
gr<os s , $ 8 0 7 ,3 2 2 ; n e t. $2 0 4 ,0 1 2 ; ln t ., $14 9,85 0; b a l., s u r ., $ 5 4 ,1 9 2 . P r e s .,
W'1111am A . P a in e; S ec. a n d T r e a s ., F re d . S ta n w o o d , B o s t o n .— ( V . 7 8 ,p .2 2 8 )
COPPER RIVER & NORTHWESTERN RR.— P r o je c te d fro m C o r d o v a ,
A la sk a , o n tid ew a ter, th rou gh th e C op p er R iv e r V a lle y t o C o p p e rfle ld s n e a r
th e C hltlna R iv e r an d the B eh rin g L a k e C oal fields, & c. O f th is. 104 m iles
o f tra ck h ad b e e n o p e n e d In Ju n e 1910 a n d a to ta l o f 200 m ile s w as e xe c te d to b e In o p e r a tio n b y D e c. 1910. U n d e r s to o d t o b e c o n tr o lle d
y J . P . M org a n & C o. a n d the A m e r . S m e ltin g & R e fin in g C o . In terests.
S to c k a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 : par o f sh a re s, $10 0. In A u g . 1909 filed a
m tg e. t o secure an Issue o f $50 ,0 0 0 ,0 0 0 5 % 5 0 -y ca r b o n d s.
N o n e o f th e
b on d s ou ts ta n d in g In th e han ds o f th e p u b lic In J u ly 1910.
V . 89, p . 410
P re s .. S . W . E ccles; V Ic e -P r e s ., W . P . H a m ilto n ; T r e a s ., E . S . P c g r a m ;
S e c ., W . E . B e n n e tt. O ffic e , 165 B ’ w a y .— ( V . 90, p . 1490.)
E
CORNWALL & LEBANON RR.— O w ns L e b a n o n , P a ., t o C o n e w a g o ,
21.66 m .; b r a n c h e s ,4.7 8 m .
In 1901 th e P e n n s y lv a n ia Steel C o . a cq u ire d
$ 5 4 0 ,0 0 0 s t o c k ; rem ain d er m o s tly o w n e d b y L a ck a w a n n a Steel C o .
D I V U 8 9 4 . ’ 9 5 . ’ 96. ’ 97. ’ 98. ’ 99. ’ 0 0 . ’ 0 1 . ’ 02 to '0 6 . ’ 07 ’ 08. ’ 0 9 .
1010.
P .C ./
2
4
4
3
4 4H 5 5 H
6 y ’ ly
8 7
8
10
In 190 9-1 0, gross, $ 4 3 3 ,5 9 0 ; n et, $1 7 1 ,5 5 9 ; o th e r In co m e , $ 2 1 ,3 1 3 ;
ch arges, $ 3 8 ,5 6 1 ; d lv . ( 1 0 % ) , $80 ,0 0 0 ; b a l., s u r., $ 7 4 ,3 1 1 — ( V . 89, p . 2 2 4 .)
CORVALLIS & EASTERN RR.— See page 165.
“ COTTON BELT.” — C o m m o n nam e fo r S t. L ou is Sou th w estern R y .
CRIPPLE CREEK CENTRAL R Y .— D iv id e , C o l., t o C ripple Creek a n d
F lo r e n c e , & c ., 76 m .; V ic to r t o V ista G ra n d , 6 m .; bran ch es an d spu rs to
m in es, & c ., 45 m .; to ta l, 127 m ., o f w h ich 47 m . stan d ard gau g e. C on trols
M id lan d T erm in al R y ., F lo re n ce & C ripple Creek R R . , G old en C ircle R R . ,
C an on C ity & C ripple Creek R R . , C o lo ra d o T ra d in g & T ran sfer C o . See
V . 69, p . 851 , 1011, 1103; V . 7 2 , p. 984; V . 7 4 , p . 880; V . 7 7 , p . 1542.
R e o r g a n iz a tio n , per plan In V . 7 8 , p . 2018; V . 7 7 , p . 1542, o f the D en ver
& S ou th w estern , foreclose d O c t . 4 1904. V . 7 9 , p . 1461.
S T O C K S A N D B O N D S .— C o m . s t o c k , $ 2 ,5 0 0 ,0 0 0 ; 4 % n o n -c u m . pref
s t o c k . $ 3 ,0 0 0 ,0 0 0 ; par o f shares. $100. V . 8 2 . p . 1156; V . 8 5 . p . 1209.
D I V I D E N D S .— O n p r e f., 3 % p a id J u ly 20 1905; O c t . 25 1905, 1 %
(q u a r .): Jan . 1906 to O ct. 1907, 4 % y e a r ly (1 % Q .- J .) ; 1908, S e p t. 1. 3 %
fo r 9 m os. e n d in g Ju n e 30 1908; D e c ., 1 % ; 1909, 4 % ( 1 % Q .- M .) ; 191 0,
M arch , 1 % ; J u n e, 1 % : S e p t., 1 % .
On c o m ., O ct. 25 1905, 3 % ; In 1906,
7 H % , ln cl. 2 % e x tr a ; 1907, 6 % ( Q .-J .) ; n o n e sin ce t o O ct. 1910.
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1909 w as In V . 89, p . 1409.
I n ’ 09-1 i gross earn in gs o f ro a d s c o n tr o lle d , $ 6 6 8 ,2 5 5 ; n e t In com e o f ro a d s
o v e r ch arges, $5 •,623; to ta l n e t In com e o f p a ren t c o . a b o v e all e x p e n s e s ,
$1 5 5 ,0 9 0 ; d lv . on p ref. s to c k ( 4 % ) , $12 0,00 0; to ta l surplus Jun e 30 1910,
ln cl. $ 1 7 :,6 1 5 surplus o f p re v io u s ye a rs, $ 2 0 7 ,7 0 5 . P re s ., H e n r y M .
B la ck m er; V . - P . , L o ren z o S em ple; S e c . & T r e a s ., J o h n G o rlo w . O ffic e ,
111 B r o a d w a y , N . Y . — ( V . 87, p . 1532; V . 89, p . 847 , 1409.)
CRYSTAL CITY & UVALDE RR.— O w ns U v a ld e , T e x ., so u th to C arrlzo
S prin gs, 53 m iles, c o m p le te d A p ril 1910. In c o r p o r a te d In A p ril 1909.
S to c k a u th oriz ed , $ 5 0 ,0 0 0 . In A p ril 1910 a p p lie d fo r perm ission t o Issue
b on d s a t $ 1 5 ,0 0 0 per m ile. V . 90, p . 4 4 7 . D eta ils o f securities n o t a v a ila
b le Ju ly 1910. P re s ., J . E . F ra n k lin ; V .- P . a n d G en. M g r., A . R . P o n d e r ;
S e c ., Carl F . G roos. O ffic e , C rystal C ity , T e x .— ( V . 90, p . 447 .)
CUBA EASTERN RR.— O w n ed fro m p o r t o f B o g u e ro n a t G ra n ad lllo B a y ,
o n sou th c oa st o f C u ba, n o rth w e st via G u a n ta n a m o t o fo re st lands o w n e d b y
th e C u b a H a rd w ood C o ., 43 m iles; leases fo r 99 years N orth ea stern C u ba
R R . from S an Pre t o San L u is, 47 m iles, w ith 6 m iles o f b ra n ch e s.
P ro
je c t e d to N lp e B a y an d M an zan illo. S o ld In fo re clo s u re to re o rg a n iza tio n
co m m itte e A u g . 1909 u n d er first a n d r e fu n d in g 6s o f 1907. V . 8 9 , p . 285,
666 . T h e G u a n tan am o & W e ste rn R R . w as in c o rp o ra te d as s u c c e s s o r In
O c t . 1909. V . 8 9 , p . 1068.
B on dholders’ Com m ittee.— B enJ. P . C h e n e y , C h airm an ; P . C h au n cey
A n d ers on , 25 B roa d S t ., N . Y . , S e c .; N ew Y o r k T ru st C o ., N . Y . , a n d O ld
C o lo n y T r . C o ., B o s to n , d ep osita ries. V . 8 6 , p . 420 , 337 , 1409; V . 8 8 ,p.294.
P L A N .— T h e plan o f re o rga n iza tio n d e cla re d o p e r a tiv e e a rly in 1909
( V . 8 8 , p . 294) p ro v id e s fo r a m erger o f the a llied c o m p a n ie s w ith new c a p
ita liz a tio n as sh ow n In th e table a b o v e a n d . If desired , a v o tin g tru st to
h o ld th e n ew s to c k fo r n o t t o e x c e e d 5 ye a rs. T h e $60 0,00 0 bo n d s are to
A m oun t
O utstanding
5 g
6
6 g
W hen
P a ya b le
Last D ivid en d
and M a tu r ity
P la ces W h ere Interest and
D ivid en d s are P a ya b le
J
& D June 1 1920
& 1) Jun e 1 1920
J
.1 & D June 1 1920
J
&
J J u ly 1910 3 H r .
F & A A u g 1 1910 3 %
A & O A pr 1 1943
F & A A u g 1910 3 %
& J Jan 1 1941
J
&
J
J J u ly 1 1910 5 ? .
M & S S ept 1 1943
J
&
J Jan 1 1921
&
J
.1 Jan 1 1923
M & N M ay 1 1913
M 15 & S M ch 15 1932
M & N M ay 1 1918
A & O O ct 1 1949
S afe D e p & T r C o B o s to n
B o sto n S D & T r B oston
do
do
M an chester N H
S afe D e p & T r C o B o s to n
do
do
do
do
do
do
B o s to n , M ass
do
do
do
B r o a d St S ta tio n P h lla
do
do
N at B k C o o p e rs t’n N Y
B o s to n , Mass
S e m l-a n .
A &
Q-— J 2 5
Q uar
& D
J
M tc S
C o ’ s O ffic e , L e b a n o n P a
do
do
C h eck s m a ile d
do
F a rm ers L & T r C o N Y
In d e fa u lt
o
M
F
&
&
J u ly 31 1910 5 7.
A p r 1 1921
O ct 21 1907 1 H
S ep t 1 19 10 1
D ec 1 1925
M ch 1 1 9 3 3
s M ch 1 1955
A F eb 1 1925
M ch 1 1957
do
do
do
do
do
do
6 g
10 ,0 0 0 ,0 0 0 S ee t e x t See t e x t
11,310,000
J & J
5 g
[5 g
M & N
See t e x t
15,000,000
5 g
J & D1 •
5 g
M & N
1,000,000
5
684,000
J
& D
A u g 1 ’ 10. 2 %
Ju ly 1 1952
M ay 1 1960
Jun e 1 1912
M ay 1 1921
D ec 1910-1918
R o y a l B k o f C an, N Y
do
do
N ew Y o r k T r . C o ., N . Y .
G u a ra n ty T ru st C o , N Y
F id e lity T r u s t C o , B a lt
b e o ffe re d a t 8 5 % w ith a bon u s o f 2 5 % ea ch In first p r e f. an d c o m m o n s t o c k ,
t o p r o v id e fo r flo a tin g d e b t , re o rg a n iz a tio n e x p e n s e s , 3 y e a rs’ ln t. on th e
b o n d s . Im p ro v e m e n ts, ro llin g s to c k a n d w o rk in g c a p ita l. T h e K n ic k e r
b o c k e r T r u s t C o . o f N . Y . has u n d e rw ritte n $25 0 ,0 0 0 b o n d s o n c o n d itio n
th a t a t least $ 2 0 0,00 0 a d d itio n a l are d isp o se d o f.
T h e o ld m tg e . b o n d s are t o re ce iv e 5 0 % each In 1st p re f. an d c o m m o n
s to c k a n d th e C u ba E a stern d eben tu res 5 0 % In 2d p r e f. s t o c k . T h e re w ill
be le ft In th e treasu ry a b o u t $ 13 6,50 0 o f ea ch class o f s to c k .
P r e s ., E d gar V a n E tte n . O ffic e , 66 B ’ w a y , N . Y . — (V . 8 9 , p . 1068.)
C U B A R R . — O w ns fro m S an ta C lara, C u ba, t o S a n tia g o d e C u b a , 356
m iles; bran ch es, Z a z a J e t. t o S an ctl S plrltu s, 8 m iles; A lt o C ed ro t o the B a y
o f N lp e , 31 m .; P o n u p o b ra n ch , 11 m .; J a t lb o n lc o b r a n c h ,5 H m .; H olgu in
b ra n ch , 11 m .; M anzanillo b ra n ch , 32 H m .; B a y a m o e x te n sio n , 141 m .;
t o ta l, 596 m iles. See V . 75, p . 1157, 1347. G o v t. lo a n , $31 9,59 9 Ju n e 30
1910, a n y balan ce n o t repaid b y G o v t, tra n s p o rta tio n s e rv ice t o b e p a id
D e c . 15 1916 w ith o u t ln t.
V . 83, p . 1093; V . 8 8 , p . 944.
F irst d lv . on p r e f., 1 > $ % , p a id A u g . 2 1909; 1910, F e b ., 1 H % : A u g ., 2 % ;
1st M . bo n d s, a p p llc . to list, V . 86, p . 924; V . 88. p . 451; V . 89, p . 162;
V . 91, p . 38. S to ck h o ld e rs o n J u n e 27 1910 au th o riz e d a m o rtg a g e to
secu re 5 % Im p rovem en t an d e q u ip m e n t b o n d s n o t e x c e e d in g $1 2 ,0 0 0 per
m ile (e x c lu d in g sidings) o w n e d ; In S e p t . 1910 $ 3 ,3 0 0 ,0 0 0 w ere d e p o s ite d
as collateral fo r lo a n s. B o n d s are also Issuable In fra n c s .
V . 91, p . 588 .
E A R N I N G S .— F o r 2 m o n th s e n d in g A u g . 31:
G ross.
N et.
C harges.
B a la n ce.
$ 2 0 2,92 3
$73,334
$12 9,58 9
1 91 0...................... .....................$ 44 0,31 0
1 90 9............................................ 3 25 ,638
100,111
69,992
3 0 ,120
R E P O R T fo r y e a r e n d in g Ju n e 30 1910 w as In V . 91, p . 585, sh ow in g
gross earn in gs, $ 2 ,5 5 9 ,3 3 6 ; net o v e r ta x e s , $ 1 ,1 0 7 ,2 9 9 , Interest o n b o n d s.
$ 4 3 5 ,2 1 0 ; p re f. d lv . ( 3 % ) , $30 0,00 0; b a l., s u r ., $ 9 2 ,0 8 9 .
In 1908-09,
g r p8r c s ?,2*&
S lr 7W U nam C. V a n H o rn e ; V .- P ., G erald L . H o y t ; A sst, t o P r e s t.,
G e o . H . W h lg h a m ; S e c ., H e rb e rt C. L a k ln ; T r e a s .. Steph en H . \ o o r h c c s .
O ffic e , 83 M o n t g o m e r y S t ., Jersey C ity, N . J ., 170 B r o a d w a y , N ew Y o r k .
— ( V . 90, p . 166, 1675; V . 91, p . 38, 585, 588.)
C U M B E R L A N D C O R P O R A T IO N — O R G A N I Z A T I O N .— A h o ld in g c o m
p a n y o w n in g the s to c k ($10,000,000) o f the C llnchfleld C oal C orp oration
(V . 8 0 , p . 2346, 2222, 2 2 4 ), w h ich ow n s 285 ,000 acres o f coal lands In V ir
g in ia , s to c k o f the C arolina C llnchfleld & O h io R y . a n d a b lo c k o f th e S ea
b o a rd C o. s to c k (see the tw o co m p a n ie s last n a m e d In this a e o c io n .)
S t o c k , c o m m o n , $25 ,000 000; 6 % p r e f., $ 1 5 ,0 0 0 ,0 0 0 , all paid In. In
J u ly 1906 sold $ 1 5 ,000 ,00 0 n o te s secured b y s to c k o f the C a rolina C llnchfleld
& O h io , C llnchfleld C oal C o rp o ra tio n an d S e a b o a rd C o . (see ta b le a b o v e ) .
— V . 8 8 , p . 944.)
C U M B E R L A N D & P E N N S Y L V A N I A R R . — O w ns fro m C u m b e rla n d ,
M d., to P ie d m o n t, W . V a ., and several b ran ch es, 57 m iles. O w ned an d o p
erated b y C on solidation Coal C o ., w h ich gu aran tees b y e n d orsem en t the
first m ortg a ge. V . 52, p. 390. S to c k , $ 1 ,5 0 0 ,0 0 0 ; par. $100.
On D e c. 1
1907 purchased 1,523 cars fro m the Som erset and F a ir m o n t co a l c o m p a n ie s ,
assum ing the car trusts Issued th e re o n , v iz ., $836,000 o f S om erset C o. (see
table a b o v e ) an d $45 ,000 a d d itio n a l, w h ich m atu red In series t o M ay 1909.
V. 85. p . 1401. F or year e n din g Ju n e 30 1909, g ro ss, $ 7 7 0 ,6 8 9 , a g a in st
$952,653 in 1907-08: n et, $19 5,90 6, aga in st $ 42 5,01 5; ta x e s In 1 90 8-0 9.
* 3 0 .8 4 9 .— (V . 85. p. 1401.)
C U M B E R L A N D V A L L E Y R R . — See P e n n s y lv a n ia R R .
D A Y T O N L E B A N O N * C I N C I N N A T I R R . & T E R M I N A L CO. — See p . 165.
D A Y T O N & A1ICHIGAN R R — O w ns D a y t o n , O .. t o T o le d o J u n e ., O . .
141.82 m .; tra ck a ge Into T o le d o , 0.92 m .
Leased M ay 1 1803 In p e r p e tu ity ,
to Cln. H am . & D a y to n .
Lease m odified Ju n e 23 1870. Ile n ta l-ls m alnten aa ce o f org a n iz a tio n , l i t . o n bo n d s an d 8 % on p re f. sto ck and u ^ / o on
com .
G u aran ty on p re f. Is secured b y m tge . o f 1 8 7 1 , b u t the p re f. carries
o o v o tin g p o w e r. V . 56, p . 813 . M tge o f 1856 Is held a liv e und er m tg e. of
1881, C . H . & D . reserved n o te s o f 1908 t o retire b o n d s .— ( V . 88. p . 063.)
D AY TO N & UNION R R . — O w ns fro m D o d s o n , O ., to U nion C ity . I n d .,
32 m iles; leases D a y to n to D o d s o n , 15 m iles: to ta l o p e r a te d , 47 m iles.
The C leve. C ln. C h ic. & St. L ou is and C ln. H a m . & D a y to n Jointly ow n the
$86,300 s t o c k . T h e $ 22 5,00 0 7 % b o n d s w ere p a id o ff a t m a tu r ity D e c . 1
1909 fro m p ro ce e d s o f sin k in g fu n d .
V . 89, p . 1347.
Y e a r e n d in g Jun e 30
1909, gross, $16 1,79 3: n e t, $18 ,7 0 6 ; o th e r In co m e , $10 ,203 ; ch arges,
$36,405; b a l., d e f., $ 7 ,4 9 6 .— (V . 8 9 , p . 1347.)
D AY TO N UNION R Y . — U nion d e p o t a t D a y t o n , O . U sed b y P itts
Cln. C h ic. & S t. L ., C lev. Cln. C h ic. & S t. L ., C ln. H a m . & D a y to n , D a y to n
& U nion R R . and Erie R R . . under lease w h ich p ro v id e s th at Interest on
bon d s and o th e r expen ses b e d iv id e d b etw een them o n train basis. S t o c k ,
$32 1,00 0, all c o m
P re s., W . C. B ro w n , N ew Y o r k ; S e c .. VV. F . S ta rk ,
D a y to n , O . O ffic e , C in cin n ati, O .— (V. 73, p. 1312.)
D E L A W A R E R R . — (S ee M a p s P en n sylva n ia R R .)— S h ellpot C rossin g.
D el., to D elm ar, M d ., 95.20 m iles; bra n ch e s, C e n tre vllle , M d ., to T o w n s e n d ,
D e l., 34.99 m .; C la y to n , D e l., to O x fo r d , M d .. 54.27 m .; S c a fo r d , D e l., t o
C a m b rid ge, M d .. 32.9 6 m .; M asseys, D e l., to C h estertow n , M d ., 20.52 m .;
oth er b ran ch es. 10.98 m .; to ta l, 248.92 m iles. V . 07. p. 1356.
L ea sed t o P h ilad elp h ia B a ltim o re <& W a s h in g to n (w h ich ow n s $ 2 ,8 2 9 ,6 0 7
o f th e s to ck ) fo r 99 years fro m M ch. 1 1910 a t a gu a ra n teed rental o f 8 % on
the s t o c k , a sp ecial s to c k d iv id e n d o f 7 0 % b e in g paid F e b . 28 1910; also a
special cash d iv id e n d o f 2 0 % an d an e x tr a cash d iv id e n d o f 5 % . „ „ 0 „
D lv s. p rior to lease, 1898 to J u ly ’ 06, 6 % y ’ ly ; ’ 07, 8 % ; ’ 08, 8 % ; 00, 8 % ;
’ 10. J a n ., 4 % . In y r . e n d . O ct. 31 1009, gross, $ 2 ,9 3 2 ,2 5 3 ; n et, ? 0 7 0 ,5 6 3 ;
o th e r In c., $43 ,501 ; ln t ., ren tals, & c ., $22 3,23 2; d lv s . ( 8 % ) $ 2 3 8 , 978 ; ex tra o rd . e x p . fu n d , $20 0,00 0; b a l., s u r ., $ 5 1 ,8 5 4 .— ( V . 90, p . 9 1 3 . 1554.)
D E L A W A R E & B O U N D B R O O K R R . — O w ns fro m B ou n d B rook (C e n
tral o f N . J.) to D elaw are R iv e r , 27.0 2 m iles; b ra n ch to T r e n to n , 3.7 4 m .;
se co n d tr a c k , 27.02 m .; third tr a c k , 9.0 2 m .; a ll tr a c k , 87.36 m . In M ay
1879 leased fo r 990 years to P h lla . & R e a d in g R R .
R e n ta l, $21 3,00 0, p a y
in g ln t . an d 8 % o n s to c k ; lease assu m ed b y P . & R . R u .— (V . 8 1 , p . 210 .)
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
M ile s
Road
D ate
B on d s
A m ount
O utstanding
Par
V a lu e
$1,000 N o n c S e p ’ 10
D a y to n Leb & Cin R R & T e rm — First M g red ( t e x t ) . .
29 1907
50 $2,4 0 1 ,9 5 0
D a y ton & M ich ig a n — Com s to c k (3 4 % gu ar C H & D )
1871
1,211,250
50
P referred (8 % gu a ra n tee d C H & D ) e n d o r s e d _____
1871
2 ,728,000
First m o r tg a e e gu ar p fc 1 en d orsed b y C If & D . _ c
142 1881
1,000
450,000
1,000
D a y ton U nion R y — First m tg e sink fu n d call at p a r .F
1899
25
5 ,0 7 8 .2 8 2
D ela w a re— S to c k 8 % g u a ra n te e d _______________________
249
G eneral m o r tg a g e g o ld - . ......................................... FP c *
1,000
500 ,000
113 1892
400,000
54 1882
D elaw are & Chesapeake 1st M assum ed c u t r c n c y - . c
1,000
1,800 .000
100
D elaw are & B ou nd B rook — S to c k 8 % gu P h lla & R ea d
1 ,800 ,000
34 1905
1 ,000
First m ortg a g e $1,800,000 g u a r a n te e d -. ____ PeP
1 ,0 0 0 ,0 0 0
1906
D ela w a re & E astern R y — D & E R R 1st M $ 1 ,0 0 0 ,0 0 0
1,000
915 ,000
1907
500 fee
D & E R y 1st M g f e d 105..........................................x c *
100 4 2 ,501.000
D elaw are & H u d son — S to c k $ 55 ,711 ,50 0 ( t e x t ) _____
5,0 0 0 ,0 0 0
1877 1,000 fee
First M on P en n sy lv a n ia D lv ($ 1 0 ,0 0 0 ,0 0 0 ) . U n .c& r
500,000
14 1874
100 fee
S c h e n e c ta d y & D u a n esb u rg first m o r t g a g e . -----------1 .000,000
1,000
A d ir o n d a ck 1st M g o ld g u a r p & 1 end — U s .c ’ &r
57 1892
l s t & r e f M $50,000 OOO gsf red 1 0 7 4 b e g ’ 18 .x c * & r *
1908 1,000 A c 2 0 ,7 0 4 .0 0 0
1906
1,000 13.976,000
D eben tu res $14 ,0 0 0 ,0 0 0 gold c o n v (see te x t)..c * « 5 c r
700 ,000
1900
10,000
D eben tu res $2,5 0 0 ,0 0 0 $ 200,000 a n n u a lly Jan 1 ___
E q u ip 1st lien b on d s $ 1 0 ,000 ,00 0 g s f ___ U s m .x c * & r
1907
1,000 1 0 .000.000
Guaranteed S ecu rities—
1 ,475,000
’01-02
1.000
H udson Coal Co d e b gu a r p fc 1 en d part due ye a rly
300,000
B luff P oin t L a n d Im p r o v e m e n t Co 1st M g g u ------ c*
1890
1 .000
1902
1,000
1 .300,000
C hat Ore & I refu n d in g m o r tg a g e call 1 0 5 .. _N-o*<fer
A lb a n y fc S u sq u eh an n a R R , N Y & C a nada R R . Oh ateaug a y & I ake Placl d R R . U tlc
3 0.277.000
D elaw are L a ck aw an n a & W e s te rn — S to c k $ 3 0 ,277 ,00 0
320 ,000
100 fee
B a n g or & P o r tla n d m ortg a g e s g o ld ________ ■_______
'8 0- ’ 86
185 ,000
39 I 860
All
D elaw are M arylan d & V irg in ia — Jun e
B— 1st m tgt
200.000
All
B reak
Frank 1st M t o S ta te red sin ce Jan 189 5. .
19 1874
650 ,000
1,300.000
1 ,000
Del R iv er R R & B rid ge— 1st M gold go p * 1___G P .r *
10 1896
700 ,000
100 A c
1909
D en v B ou lder & W e s t — I n c 1st M $800,000 au red par
1,000
See te x t
1910
D en ve r Ear & N VV— 1st M g red 108 $30 ,0 0 0 per m Ma
1 ,000 N on e S e p ’ 10
D en ver N orth w & P a c— 1st M $ 22 ,500 ,00 0 g__ M e.c*
210 1902
See te x t
100 fee
C on tin en tal T u n n el 1st NT S5 000,000 gold gu ar pA;l
6
2 ,0 2 5 .0 0 0
348 ,609
1910
L o c o m o t iv e eq u ip tr n otes gu A m L o c Co d u e q u a r.c
100 38,0 0 0 ,0 0 0
D en ver & R io (ir a n d e — S to c k c o m m o n ( s e e text) -- Ir
100 49,7 7 9 .8 0 0
Preferred s to c k 5 % non cu m u la tiv e $ 5 0 ,0 0 0 .0 0 0 . Tr
F irst fc ref M $ 1 5 0 ,0 0 0 ,0 0 0 g o ld red t e x t ..B a x c * & r * 2.529 1908 $ & m ks 3 2 ,9 4 4 ,0 0 0
*sn
fc
fc
D E L A W A R E & E A S T E R N .— S ee p a ge 165 .
D E L A W A R E & HUD SO N CO.— (See M a p .) — O perates railroad lines
from W llk esb a rre, P a ., via A lb a n y , N . Y . , to R o u se ’ s P o in t, on C anada
lin e, w ith bra n ch es. 845 m iles In all.
V. 68. p . 871.
L in es maned—
M ile s . \ L in es leased— 'S e e these cos. M ile s
L a ck aw an n a fc S u s q u eh a n n a ____ 22| * A lb a n y & S u s q u e h a n n a __________ 142
V a lley R R . o f Pa . ...................... .. 17 |• R ensselaer & S a r a to g a ___________ 102
H on esd a le a n d o th e r b r a n c h e s .. 29 T C h a te a u g a y & Lake Placid R R . 80
S c h en ecta d y & M ech a n levllle____ lU |*U nlon H R ________ _______________ 22
Ch erry V al. S haron & A l b a n y .. 21 I’ Jefferson R R . (tr a c k a g e )_______ 35
N ew Y ork & C a n a d a _____________ 150 IO th er lin es_________________________ 60
S c h e n e c ta d y <Sc D u a n esb u rg _____ 141
----A d ir o n d a ck R y .....................................57 | T o ta l op e ra te d Jan . 1 1 0 1 0 .. .8 4 5
•Cooperstown fc Charlotte Valiev 4|
A lso leases U tica C linton fc B in gh am ton and R o m e fc C linton R R ., 44
m iles, su b-let to N . Y . O n tario fc w e s te r n . T h e c o m p a n y o w n s the Q u e b e c
M on treal fc S ou th ern R y ., w h ich e x te n d s fro m S t. L a m b e rt, o p p o s ite
M on treal, th rou g h Sorel to P lerrevllle, an d fro m N ovan J u n ctio n to S t.
R o b e rts J u n ction On the a foresaid line, a to ta l o f 144 m iles; an exten sion
fro m P lerrevllle to S t. P h llo m e n e , 48 m ., « a
c o m p le te d In Ju n e 1909.
T h e line w ill be u ltim a tely c o n tin u e d t o L e v is , c o n n e ctin g w ith the Q u e b e c
B rid ge at C h audlere J e t ., a total dista n ce o f 50 o r 52 m .
V . 81, p . 1610;
V . 8 3 , p . 379 ; V . 8 4 , p . 338, 623 . O n M ay 23 1908 the New Y o r k & Canada
R R .w a s m erg ed , and In J u ly 1908 th e Ch erry V a lle y Sharon fc A lb a n y R R
In F eb . 1905 a half Interest In the s to ck of the S ch e n e cta d y R y . 1 16 miles,
w as p u rch ased
V. 82. p 687.
O w ns $ 1 ’ ,1 9 9 ,6 0 0 of the S12 500 000
s t o c k o f the U n ited T r a c t . C o. o f A lb a n y , w h ich In 1906 a cq u ire d c o n tro l o f
H u d son V a lle y (E le ctric) R y . V . 81, p . 1550, 1610: V . 84, p . 51.
H I S T O R Y , & c.— T h is c o m p a n y was chartered A pril 23 1823.
It Is ont
o f the largest m iners of an th racite co a l. T h e H udson Coal C o ., w hose
to c k Is ow n ed , con trols coal lands h aving In ton s an estim ated tonnage
o f m ln able coa l o f 4 2 3 .2 6 5 ,3 5 3 , and In Ju n e 1909 agreed t o purchase the
•ntlre present a nd futu re coal o u tp u t o f D . & H .
V . 8 6 , p .913; V . 88. p .1 4 9 9 .
D I V I D E N D S — 1 ’ 8 7 . ’ 8 8 . '8 9 to ’ 96. ’ 97 to ’ 00 . 01 to '0 6 .
'0 7 . to ’ 10.
S in ce 188 6______% J 5
6
7 y e a r ly . 5 y e a r ly . 7 y e a r ly .
9 y e a rly .
D iv id en d s In 1910 fix ed a t 9 % , p a y a b le q u a rte r ly .
V . 9 0 , p . 54.
S T O C K , E T C .— In 1900 to 1906 $ 1 ,2 8 8 ,5 0 0 sto ck w as retired b y sinking
fu n d ; n one sin ce. T h e sto ck h o ld e rs v o te d M ay 10 1910 t o perm it the
sinking fund to be used to p a y c o s t o f a d d itio n a l coal reserves or fo r oth er
ca p ita l pu rposes. V . 90, p . 1044. C om pa re V . 68, p . 926, 1180.
S tock h old ers M ay o 1905 a u th orized increase of $5,U0U,U00 s to c k fo r co n
version , at op tion of h olders, to A pril 1 1916, o f $10 ,000 ,00 0 A lb a n y fc Susq
3 4 % b on d s, dated A p ril
1906, on the basis o f $500 s tock fo r $1,000 ot
b o n d t.
T h e bon d s vvete sold at par p ro rata to D. & H . sto ck h o ld e rs ti
refu nd the A lb a n y & S usq . 6s and 7s. e ffe ctin g a m aterial sa v in g o f Interest
In 1909 the A lb a n y fc S usq. sto ck h o ld e rs w ere held b y higher Federal cou rts
t o b e en titled to the ben efit o f this re fu n d in g . Increasing the y e a rly rental
p a id .
V . 85. p. 721; V . 83. p . 1036; V . 80. p. 1174, 1362, 2343: V. 88.
p . 938, 1499; V . 89, p . 1068, 1141; V . 90, p . 911. T o O ct. 1910 $ 3 ,5 5 5 ,0 0 0
b o n d s had been ex ch a n g e d fo r D . & I I . s to c k .
S tock h old ers F eb . 19 1906 a u th orized Increase o f the s to ck b y $7,000.0ui
t o p rov id e for exch a n g e ot an Issue o f $ 1 4 ,000 ,00 0 o f 4 % 10-year d eben tu red a te d June 15 1906, w hich w as su bscrib ed b y sto ck h o ld e rs at oa r. The
deben tu res are exch a n g ea b le fo r s to ck at the rate o f $500 s to ck fo r $1,00(
d e b s . b tn . June 15 1907 an d 1912, Inc. V . 8 1 , p . 1848; V . 82. p . 687.
T h e eq u lp t. lien 4 4 s of 1907 ($ 1 0 ,0 0 0 ,0 0 0 Issue) have an annual slnklm
fu n d o f $65 0,00 0 to p urchase b o n d s o f the Issue, o th er securities or a d d tlon a l eq u ip , to c o m e under the m tge.
V . 8 t . p 1247, 1307; V 85, p. l o s s
O n M av 12 1908 the sto ck h o ld e rs auth orized a first and refu n din g mort
g a g e fo r $ 5 0 ,0 0 0 ,0 0 0 , bea rin g not o v e r 4 % Int. and running 35 years, and
s u b je c t to r e d e m p tio n as an e n tire ty o n ly a t 107 4 o n a n y ln t. d a y , beginning
M a y 1 1918. O ne p er ce n t o f the a m o u n t o f b o n d s ou tsta n d in g Is to be paid
t o the trustee June 1 a n n u a lly from 1909 to 1942, to be used to purchase
b o n d s o r fo r Im p rov em en ts and e x te n s io n s . O f the Issue. $ 6 ,5 0 0 ,0 0 0 will be
reserved to retire the o u ts ta n d in g first m o rtg a g e b o n d s; $2 0 ,7 0 4 ,0 0 0 have
been Issued to d isch arge ou ts ta n d in g o b lig a tio n s m atu rin g d u rin g 1908 or for
c o n s tr u c tio n w ork In progress.
V . 86, p. 981 , 1409, 1589; V . 87, p. 96.
48 0 , 1419, 1604; V . 8 9 , p. 847 , 1541; V . 90, p . 54, 167.
E A R N I N G S .— 8 m o s . , / 1 9 1 0 _______ G ross, $ 1 3 ,1 3 5 ,9 2 8 : n e t, $ 5 ,1 4 5 ,8 0 3
Jan . 1 to A u g 31.
] 1 9 0 9 _______G ross,
1 2 ,546,283 : n e t, 4 ,7 8 1 ,1 9 4
R E P O R T .— F o r 1909, In V . 8 8 , p . 911.
Y ea r end. D ec. 31—
1909.
1908.
1907.
A n th ra cite coal carried ( t o n s )________
7 ,6 0 2 ,8 7 7
9,1 6 5 ,6 8 9 10,025,312
G ross earnings o f r a ilr o a d s ____________$ 1 8 ,5 2 5 ,8 5 9 $18 ,500 ,73 1 $ 20 ,165 ,44 0
N et ( r a ilr o a d s ) ________________________
8 ,0 6 7 ,3 8 0
7 ,6 8 9 ,0 1 0
8,4 7 1 ,0 1 1
Coal d ep a rtm en t ( n e t ) ________________
507 ,875
1,145,418
1,173,206
1,8 1 6 ,7 4 4
1 ,504,675
1.564.301
O th er In com e ___________________________
T o ta l net i n c o m e .................................. .$ 1 0 ,3 9 1 ,9 9 9 $ 10 ,339 ,10 4 $ 11 ,208 ,51 8
M iscellaneous ren ta ls __________________ $ 2 ,0 7 6 ,2 6 6
$ 1 ,897,628 $ 2 ,3 5 3 ,5 2 8
I n t ., taxes and m is cella n e o u s _________
3 ,1 2 0 ,8 9 3
3 ,1 8 7 ,0 1 8
2 ,389,816
D iv id en d s on s t o c k , 9 % .......................... 3 ,8 2 5 ,0 9 0
3 ,8 1 6 .0 0 0
3 ,8 1 6 ,0 0 0
B a la n ce, su rp lu s.................................. .. $ 1 ,3 6 9 ,7 5 0
$1,4 3 8 ,4 5 8
$ 2,650,173
T h e earnings o f the coal d e p a rtm e n t In 1909 w ere $16 ,3 4 0 ,2 9 0 ; exp en ses,
$ 1 5 ,8 3 2 ,4 1 5 : n et, $50 7 ,8 7 5 .
In 1908, $ 2 3 ,8 4 7 ,1 1 6 ; n et, $ 1 ,1 4 5 ,4 1 8 .
O F F I C E R S .— P res., L. F. L oree; C h airm an E x e c. C o m m ., R . M. Ol>
p h a n t: V. P .. Cha« A. P e a b o d y : 2d V .-P
O. S. Sim s- 3d V .- P
'V m
W illiam s; T r e a s ., C. A . W a lk c r ;'S e c ., F . M . O ly p h a n t, C o m p tro lle r, W . II.
D a v ie s , 32 N assau S t ., N . Y .
M a n a g ers — R ob ert M. O ly p h a n t, C h a u n cey M. D ep ew , Joh n J acol
A s to r . L. F. Loree. W illiam S O p d y k e .1 R ogers M axw ell. C ornelius Van
d e r b llt. R . S u y d a m G ra n t, G eorge I. W ilb e r , C. A. P e a b o d y . R o b e rt S
L o v e t t . Jam es A . L inen and R o b e rt C. P r u y n .— (V . 90, p . 1044, 1296,
1424; V. 91, p . 790.)
R ate
%
W hen
P a y a b le
Last D ivid en d
and M a tu r ity
P laces W here Interest and
D ivid en d s are P a yable
5 g
34
8
5
4 g
8
44 g
4
8
34 g
5 g
5 g
9 In 1910
7
6 g
44 g
4 g
4 g
4 g
44 g
fc D
fc O
Q— J
fc
J
J
fc
J
.1
fc
J
J
fc
J
J
F & A
Q— F
F fc A
fc
J
J
fc
J
J
Q — M ch
M fc S
M fc
M fc
M fc N
J 15 fc D
fc
J
J
&
J
J
Jun e 1 1922
O ct 1 1910 \*A
O ct 1 1910 2%
Jan 1 1911
Ju ly 1 1949
J u ly l 1910 2 2-3
Ju ly 1 1932
F eb 1 1912
A ug 20 1910 2 %
A u g 1 1955
J u ly 1 1956
J u ly 1 1957
Sept 20 1910 2 4
S ept 1 1917
Sept 1 1924
M ch 1 1942
M ay 1 1943
Jun e 15 1916
1911 t o 1914
J u ly 1 1922
C levelan d O
Cincinnati
do
J P M organ & Co N Y
F arm ers L fc T r C o N Y
C h ecks m ailed
B road St S ta tio n P h lla
do
do
11 W S ta te S t.T r e n to n .N J
M ech N at Bk. rre n ton N J
J u ly 1908 la st p a id
N on e p aid
O ffice 32 N assau S t N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
4 g
4 g
4 g
a Clinton
See te x t.
6 g
3
3
4
4 g
T o 5%
5 S
4 g
ft e:
5 g
5
M fc N
J
fc
.1
fc
J
J
& B in g
See t e x t
fc
J
J
.1 fc
.)
fc
J
J
M ay 1 1911-18
Jap 1 1940
Jan 1 1942
— See th ose cos
O ct 20 ’ 10. 2 4
1930-1936
Jan 1 1932
Jan 1 1932
O verd u e
A u g 1 1936
J u ly 1 1939
A p r 1 1940
S ept 1 1952
10 vears
J u ly 1 1926
M a y ’ l l , F e b ’ 16
do
do
do
do
do
do
R R , C o o p fc Chari V a lle y
90 W est Street N ew Y o r k
90 W e s t S t N ew Y o r k
B road St S ta tio n P h lla
do
do
do
do
P h iladelph ia Pa
P e o p le ’ s T r C o , B k ln .N Y
M a n h T r C o ;o r o f f..D e n y
N ew Y o r k o r D e n ve r
D e n ve r Col
N ew Y o r k o r D en ver
H a r v e y F isk & S o n s , N Y
J
A
s
s
F fc A
See te x t .
A fc O
M & S
Semi an
A
j
J
Q -F
5 In 1910 .1
5 g
F
&
fc
j J u ly 15 1910 2 4 O ffice 165 B ’ w a v N Y
A Aug 11955
B a n k ’ T r C o , N Y A B er
D E L A W A R E L A C K A W A N N A & W E S T E R N R R .— (See M a p . ) — O per
ates m ain line from H o b o k e n , N . J ., o p p o s ite N . Y . C ity , to B u ffa lo , N . Y .«
410 m ., w ith branches to an th racite region , & c .. 547 m .. v iz .: (*sce this c o .)
L ines owned—
M ile s
L in e s L eased (C o n cl. ) —
M ile s .
N . J . S tate line to N . Y . lin e____ 114 G reene R R ________________________
8
•Osw ego fc S y r a c u s e -------------------- 35
B ran ch to N o rth u m b e rla n d _____ 80
H o p a tc o n g -. ______________________
1 • U tica C h en an go & S u sq u eh an n a 97
Erie fc Central N ew Y o r k _______ 18 •Valley R R . o f N ew Y o r k _______ 11
L in es controlled and o p e r. —
Syracu se fc B a ldw lnsvllle R R ___
1
B angor fc P ortlan d R y ____________ 38 •Syracuse B in gh a m to n & N . Y . _ 81
H a n o ve r fc N e w p o rt R R ________
7 Sussex R R ___________________________ 31
L a ck a w a n n a fc M on trose R R —
11
L ines leased— (See each co .)
•Morris fc Essex and leased b rch s.1 76
T o ta l op e ra te d Jan . 1 9 1 0 --------.9 5 7
•N. Y . L a ck aw an n a fc W e s t e r n .214
•Cayuga fc S u sq u e h a n n a __________34
u nd er c o n Cu> o ff h efw e m S la te fo rd , P a ., and P ort M orris, N
s tr u c tlo n , u n d er ch a rte r o f L a ck . R R . o f N . J ., t o b e c o m p le te d b y e n d o f
1911. w ill sh orten line 11 4* m iles.
V. 8 0 , p . 543: V . 90, p. 557. T h e new
B ergen Hill tunnel, 4 m ile, w as o p e n e d fo r tr a ffic F eb . 14 1909.
H I S T O R Y , & c .— O riginal c o m p a n y ch artered In 1832, presen t title as
su m ed In 1853.
In 1903 purchase I entire s to c k N . Y . & H o b o k e n F erry C o .
In June 1909 the D. L . fc W . Coal C o. w as In co rp o ra te d w ith $ 6 ,
8 0 0 ,0 0 0 a u th o rize d s to c k to a c t as selling a g e n t fo r th e c o m p a n y ’s co a l In
P e n n sylva n ia , the railroad s to ck h o ld e rs b e in g p e rm itte d to s u b s crib e for
Its s to c k pro rata to the e x te n t o f 2 5 % ot their h o ld in g s. See e x tra d iv i
d en d b e lo w .
V . 89, p . 41; V . 90, p. 557.
Q u a rte rly d iv id e n d s o f 2 4 % on
the coal c o m p a n y ’ s s to c k w ere begu n In Ja n . 1910.
V . 9 0 , p . 54.
In D ec. 1909 sold $1,8 5 0 ,0 0 0 L eh igh V a lle y R R . s t o c k . V . 9 0 , p . 54, 5 5 7 .
S T O C K .— S to c k was In J u ly 1909 a u th o riz e d to be Increased fro m $ 2 6 ,
200 ,000 to $ 3 0 ,2 7 7 ,0 0 0 . to p ro v id e 15% s to c k d iv id e n d ($ 3 ,9 3 0 ,0 0 0 ) and
fo r m erger o f tw o subsl llary co s .
V . 8 9 , p . 4 1 , 348 .
D I V I D E N D S 1 1885. ’ 86 t o ’ 03. 1901. 1905. ’0 6 . ’07. ’08. '0 0 .
191 0.
Since 1881 _ % I 87 4 7 ye a rly. *17
• 19 4 *20 *20 *20 *70 To O ct 10
•The qu a rte rly d iv id e n d w as Increased fro m 1 4 t o 2 4 % In A p ril 190o,
an e x tra 1 0 % was p a ll In D e c. 1904 to 1909 Inclu sive.
In J u ly 1909 a
special cash d iv id e n d o f 5 0 % w as p a id , o n e -h a lf be in g a p p lica b le . It d esired ,
to su b scrip tio n o t s to c k o f new D . L. fc W . C oal C o. selling a g e n c y ; also
1 5 % s to ck d iv id e n d paid A ug. 2 1909.
V . 8 9 . p. 41. 224.
E A R N I N G S .— 12 m o s ., f 1 9 0 9 -1 0 ..G r o s s , $ 3 6 ,0 0 5 ,9 8 7 ; n et. $ 1 6 ,7 1 3 ,2 1 8
J u ly 1 to June 30.
\ 1 9 0 8 -0 9 ..G r o s s , 3 3 ,5 5 3 ,4 3 5 : n et, 1 5 ,0 7 5 ,7 2 2
A N N U A L R E P O R T .— A n n u al m eetin g Is held on T u e sd a y p re ce d in g
last F rid a y In F e b ru a ry . T h e R e p o rt fo r 1909 was In V . 90, p . 557.
C om
parisons w ith 1907 are In accu rate, o w in g t o ch an ges In m e th o d o f a c c o u n t
ing. T h e fo llo w in g Includes all lines e x c e p t S y ra cu se B in g h a m to n & N . Y . ,
Sussex R R . and L a ck aw an n a & M on trose R R . In 1909, an d In earlier years
the B a n go r fc P o r tla n d .
1907.
Y ear e n d tm D ec. 31—
1909.
1908.
$ 6 ,7 5 7 ,5 9 6
Passenger e a rn in g s____________________ $ 6 ,8 2 5 ,4 3 0
$ 6 ,4 4 9 ,0 3 2
2 6 ,5 9 7 ,2 2 4
F reight e a rn in g s_______________________ 25,8 5 8 ,0 8 1 2 4 ,4 0 8 ,7 1 0
3 ,9 0 9 ,6 5 3
M is c e lla n e o u s .......................
2 ,1 3 1 ,5 0 0
2 ,0 4 0 ,7 5 3
G r o s s .................................
$ 34 ,815 ,01 1 $ 3 2 ,8 9 8 ,4 9 5 $ 3 7 ,2 6 4 ,4 7 3
N et a fte r t a x e s .............................................. $1 5 ,0 3 9 ,6 8 6 $ 1 3 ,2 4 9 ,9 3 9 $ 1 4 ,3 7 5 ,0 3 4
Coal d ep a rtm e n t ( n e t ) .................................. * 4 ,6 2 8 ,7 7 1
* 4 ,1 6 6 ,7 9 3 • 4 .2 24,9 21
3 ,8 4 5 ,0 3 8
1 ,5 1 3 ,4 5 8
9 40 ,234
O th er m iscellaneous In co m e __________
T o ta l net In c o m e .....................................$ 2 3 ,5 1 3 , >95 $ 18 ,930 ,19 1 $ 1 0 ,5 4 0 ,1 8 9
In terest an d r e n ta ls _____________________$ 5 ,1 6 3 ,3 8 3 $ 5 ,1 6 0 ,1 4 0
R en ta ls, a d v a n ce s , & c ________________
271 ,5 6 3
291 ,323
R en ew als and b e tte r m e n ts ___________
2,0 9 9 ,4 5 4
2 ,7 8 1 ,6 0 3
3 ,8 2 0 ,0 8 8
D ivid e n d s ( 1 0 % ) - - .......... - ..................... 2:2,817,216
2 ,6 2 0 ,0 0 0
2 ,6 2 0 ,0 0 0
2 ,6 2 0 ,0 0 0
2 ,6 2 0 .0 0 0
E x tra d iv id e n d ( 1 0 % ) ................................. x 3 ,0 14 ,370
B a la n ce , su rplu s, a fte r d l v l d e n d s - -$ 1 0 ,147,609
$ 5 ,4 5 7 ,1 2 5
$ 4 ,8 4 9 ,3 2 7
• E arnings o f the co a l d e p t. In 1909 (7 m o s .), $ 3 5 ,0 6 5 ,8 6 5 ; e x p e n se s, $ 3 1 ,
0 37 ,094 ; net, $ 4 ,6 2 8 ,7 7 1 ; 1908 (y e a r ), $ 4 1 ,4 8 7 ,5 5 5 ; e x p e n se s. $ 3 7 ,3 2 0 ,7 6 2 ,
n et, $ 1 ,1 6 6 ,7 9 3 ; 1907 (y e a r ), earn in gs, 3 4 2 ,1 8 4 ,9 3 5 ; n e t, $ 4 ,2 2 4 ,9 2 1 .
x A lso 5 0 % e x tra cash d iv id e n d paid J u ly 20 1909 an d lo / o s t o c k d iv i
d e n d A u g . 2 1909, fro m protit and loss.
O F F I C E R S .— P res.. VV. H . T ru e sd a le ; S e c . and T r e a s ., A . D . C h a m b ers.
B O A R D . — F redk . W . V a n d e rb ilt. W in
H . M oore, E u gene H ig g in s ,
tjeu rv v C T a v lo r .1 R ogers M axw ell G eo. F B aker. W m R o c k e fe lle r ,
G eo. F . B aker J r ., Jam es S tillm an . M . T a y lo r P y n e , H arris C. F a h n e s to ck ,
F rank W o r k , J o h n D . R ock e fe lle r J r ., W illia m F a h n e s to ck .
O ffic e , 90
W est S t ., N ew Y o r k .— (V . 90, p . 54, 557 , 559, 697; V . 91, p . 154, 71 6 .)
D E L A W A R E M A R Y L A N D & V I R G I N IA R R . —O w ns fro m H arrin gton
co F ran klin C ity , V a .. 78 m iles; G e o rge to w n to R e h o b o th , D e l., 20 m iles;
to ta l, 98 m iles. C on trolled b y P h lla. B alt, fc W a s h ., w h ich ow n s $ 3 2 6 ,2 0 0
>f the S526 758 sto ck (par $251. and so b y P en n. R R .
See V. 50. p . 498.
In year e n d . D ec. 31 1909, gross, $32 7 ,0 0 3 ; o p e ra tin g d c f ., $ 2 ,9 9 2 ; In t .,
taxes. & c., $ 52 ,588 ; b a l.,d e f . fo r y e a r, $ 5 5 ,5 8 0 — b u t this do e s n o t Inclu de
Interest o n llo a tln g d e b t (o f $88 >,249 D e c. 31 190 9).
D E L A W A R E R IV E R R R . & B R I D G E C O .— F ran k ford J e t ., P a ., t o
P en sauken, N . J ., and bran ch es, 9.52 m iles.
C apital s to ck ($1,300,000) Is all ow n e d b y the P en n sylva n ia R R .. w h ich
guaran tees b o n d s, principal and Interest, b y e n d o rse m e n t.
D iv id en d s;
D "c lo o p to Jun e 1906, Inol., 4 % '-e a rly (2 J . A D .i ; Dee >906, 3 % ; 1907,
5 % ; 1908, 6 % ; 1909, Jun e 26, 2 % ; D e c ., 4 % ; 1910, J u n e , 2 % .
S in k , fu n d ,
1 % ; b o n d s c a n n o t be ca lle d .
G u a ra n ty , V . 63, p. 1062, 1159; V . 8 9 ,p . 1596.
D EN ISO N BO N H A M & N EW O R L E A N S R Y . - B o n h a m J e t. to B on
h am , T e x ., 24 m iles.
O perated since c o m p le tio n . D ec. 1 1901. b y tne n o .
K an s. fc T e x . u nd er a 10-yr. c o n tr a c t.
S t o c k . $ 5 0 ,0 0 0 . In N o v . 1905 per
m ission was given to register $32 5,00 0 3 0 -y e a r g o ld b o n d s: n one o u ts ta n d in g
J u ly 1907.
V. 76, p . 381; V . 8 1 , p. 1610.
P re s., E d . D . S teger; S e c ..
Joh n VV. R u sse ll.— (V . 77. p. 823: V . 81. p . 1610.)
D E N V E R L A R A M IE & N O R T H W E S T E R N R R .— P r o je c te d to e x te n d
elds In C a rb on C o .,W y o ., 220 m iles, and th e n co
fro m D e n ve r, C o l., to coal fields
R A IL R O A D C O M P A N IE S
[F o r abb reviation s, & c ., see notes on first page]
M ile s
R oad
D e n v e r & R io Q ra n d e — (C oncluded)
F irst c o n s m ortg a ge to r $42,000,0001
/1 ,6 6 7
n ow first m o r tg a g e ............................../ g o l d - - U s .c * Ar 11,667
I m p r o v e m e n t m ortg a g e ($ 5 ,0 0 0 p er m ile) g U s .c * A r 1,667
180
R io G ra n de S ou th ern first m o rtg a g e g u a r a n te e d .C e
62
U lo G ra n de J u n ctio n first m o rtg a g e g u a r--------- C e .c*
435
R io G ra n de W estern 1st M g o ld (V 69 p 2 8 4 ) . .C e .c *
669
F irst c o n s m tg e red eem at p ar (see te x t) g ___ G .c*
36
U tah Cen tral 1st M gu ar (V 68 p 724) g o l d ...........G
U ta h F u el C o 1st M $ 2 ,0 0 0 ,0 0 0 redeem at 110 ._ G
P leasant V a lle y C oal 1st M s f red eem at 1 1 5 . . . G
Salt L ake C ity U n ion D e p o t A R R — S ee th a t C o .
E q u ip m e n t b o n d s Series A g o ld $75 ,000 d u e sem l-an
do
do
Series B red 101 g $75 ,0 0 0 d u e s a
D es M oin es & F ort D o d g e — C o m m o n s t o c k ....................
P referred s t o c k 7 % n o n -c u m u la tlv e --------------------------138
First m o rtg a g e g old gu ar prln A In terest— C e .o * A r
S e c o n d m tg e $ 1 ,0 0 0 ,0 0 0 g o ld red eem a t 105--------- Ta
L)es M oi la F & No— See S t. P a u l & D es M oin es—
5
D es M oin es U n ion — F irst M fo r $ 8 0 0,00 0 g o l d .- C e .c *
189
D etroit G ra n d H aven & M ilw — F irst e q u ip M g u a r , . c *
189
C on sol m o rtg a g e g u a r a n t e e d ____________________ c*
65
D etroit H illsd a le & S W — S to c k 4 % ren tal L S & M S
D etroit G rand R a p id s & W e s te rn — See P ere M arqu ett e R R
D etroit & M a ck in a c— P r e f s to c k $ 1 ,0 0 0 ,0 0 0 a u t h --------" F ir s t lie n ” $ 1 ,5 0 0 ,0 0 0 g o ld ............. .......................... G c*
A ll'
" M o r t g a g e b o n d s ” $ 1 ,7 5 0 ,0 0 0 g red a t p a r . . — G c*
A ll
Detroit T o le d o & Ir o n to n — C o m s to c k (V . 80, p . 650)
First p r e f 4 % n o n -c u m (p r e f as to assets) $7,5 0 0 ,0 0 0
S e c o n d preferred 5 % n o n -c u m u la tlv e $ 5 ,0 0 0 ,0 0 0 ___
R e c e ive rs’ ce rtificates---------------------------------------------do
do
--------------------------------------------------G eneral lien A d iv isio n 1st M $ 4 ,2 5 3 ,0 0 0 g o l d . . N .c*
A ll
D etroit S ou th ern — O h io S o u th D iv isio n m t g e .- C e
263
do
do
C o n s o lid a te d m o r tg a g e $ 2 2 ,5 0 0 ,0 0 0 g o ld -----------K .c *
Text
N o te s fo r A n n A r b o r red eem 102 )•* y e a r ly --------- U sm
E q u ip tru st n otes g (V 82 p 09) $20 7,00 0 y r l y .- T a
D e tr o it S ou th ern c a r tru sts d u e $40 ,000 y e a r ly . .
D ate
B on d s
1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1903
1907
Par
V a lu e
A m ount
O utstanding
____
1905
1906
1887
1878
1878
—
1,000
1,000
200 A c
100
1895
1895
100
1,000
1,000
100
1910
1910
1905
1901
1908
1905
1905
1905
—
1,000
1,000
1,000
1 .000
1,000
1,000
W hen
P a y a b le
Last D ivid en d
and M a tu r ity
A
&
A
&
A
&
&
A
A
A
J Jan
J Jan
D Ju n e
J J u ly
D D ec
J J u ly
O Apr
O Jan
S M ch
J J u ly
$75,000
4H g
1,050,000
5 g
4 ,283,100
763)500 See t e x t
3 ,072,000
4 g
600,000
5 g
M
M
A
A
N M a y ’ l l - M a y ’ 13
S M ch ’ l l - S e p ’ 17
621,000
2 ,000,000
3 ,200,000
1,350,000
M
A
A
J
A
A
A
A
N
O
()
J
950,000 5 In 1910 J
1,050,000
J
4 g
1 ,250,000
J
4 g
12 500 000
7 500^000
5,0 0 0 ,0 0 0
6
’ 735)000
6
188,000
4 ,253,000
J
4 g
4 .495,000
M
4 g
245,000
6
2 ,776,400
4 J* g F
5 .500,000
5
.1
1,656,000
4J* g J
80,000
4H g A
A
A
A
J J u ly 1 1910 2 J* H K M cH a rg N ew Y o r k
J P M o rg a n & C o N Y
D Ju n e 1 1995
do
do
U Jun e 1 1995
A
A
D D e c 1 1955
S M ch 1 1941
D e c ’ 09 c o u p o n cashed
S e p t 1910 co u p o n paid
A
A
A
A
A A u g 1 1980
1) D ec 1 1908
1) T o Ju n e 1915
O T o O c t 1 1012
A u g ’07 c o u p
D e c ’ 07 c o u p
D eo ’ 07 c o u p
M erc T ru s t A
5 g
6
6
4
1
1
1
1
1
1
1
1
1
1
1936
1936
1928
1940
1939
1039
1949
1017
1931
1928
P la ces W here Interest and
D ivid en d s are P a ya ble
J
4 g
4 /* g .1
J
5 g
J
4 g
J
5 g
J
4 g
A
4 g
A
4 g
M
5 g
J
5 g
$500 Ac $33 ,922 ,00 0
1.000
6 ,382,000
500
8 ,335,000
1,000 * 2 ,2 7 7 ,0 0 0
1,000
2 ,000,000
1,000 A c 15,190,000
1,000 A c 14,168,000
1,000
390,000
1,000
667,000
1,000
1 .019,000
i .ooo
1,00 0
1Oil
100
1,000
1,000
R ate
%
N a tio n a l P a rk B a n k , N Y
do
do
do
do
M a itla n d , C o p p e ll, N Y
do
do
G u a ra n ty T ru st C o , N Y
do
do
do
do
do
do
do
do
B lair
A C o , N ew Y o r k
do
do
A u g u s t A u g 2 1909 5% 25 B ro a d .Street N
C en tral T ru s t C o N
&
J
J Jan 1 1935
A
A O A p r 1 1935
N ov
N ov
N ov
J u ly
Y
Y
Cen tral T ru s t C o N Y
1 1917
N ew Y o r k an d L o n d o n
14 1918
do
do
15 1918
5 1010 2% F a rm ers’ L A T r C o N Y
last paid
last p aid
last p aid
D ep C o Bal
.non n r>t guara nt pp H
to B o is e , I d a h o : to t a l. 750 m iles, o f w hich 56 m iles, fro m D e n v e r t o Gree
le y , C o l., w ere o p en ed M ay 15 1910, an d 12 m . w est o f G reeley w ere u n d e r
c o n s tru ctio n In O ct. 1910.
S to c k a u th o r iz e d , $ 3 0 ,0 0 0 ,0 0 0 ; par, $10 0.
B o n d s a u th o riz e d , $ 2 2 ,5 0 0 ,
000, a t $30 ,000 per m ile; $56 0,00 0 o u ts ta n d in g O c t . 1910; sin kin g fu n d ,
$25 0,00 0 A p ril 1 1925 an d each Interest d a y th e re a fte r.
V . 90, p . 1238.
S u ccessor In 1910 o f D . L . & N . W . R y .
V . 90. p . 502.
P re s ., Charles S. J o h n so n , D e n v e r ; V Ice -P re s. an d G en. M a n ., W illia m
E . G reen ; S e c ., Z ep h Charles F e lt; T r e a s ., W . E . S k in n e r.— (V . 89, p . 593,
922; V . 90, p . 502, 1238.)
D E N V E R B O U L D E R & W E S T E R N R R .— B o u ld e r t o W a r d , C o lo ., 26
m iles; Su n set t o E ld ora , 20 m iles: b ra n ch e s, 5 m iles; to t a l, 51 m iles. R e a ch e s
D en ver U n ion D e p o t fro m B o u ld e r o v e r C o lo . & S o u . (th ir d -r a il); V . 80,
p. 650. S u ccessor t o C ol. A N . W ., fo re clo s e d M arch 29 1909. V . 88, p.
944 . S t o c k , $ 3 0 0 ,0 0 0 , all o u t; p a r $10 0. O f th e b o n d s ($8 0 0 ,0 0 0 au th .
Issue), $100,000 are reserved fo r e x te n s io n s . Im p ro v e m e n ts, & c. T h e y are
en titled to ln t. u p to 5 % If earn ed, p a y a b le S e p t. 1 b egin n in g 1910; 3 %
paid S e p t. 1910.
F or yea r en d in g Ju n e 30 1910, gross, $13 2 ,8 0 1 , a gain st $115,761 In 1908
09; net In com e, $ 3 4 ,0 3 4 , again st $ 27 ,035 ; ch arges an d ta x e s , $ 6 ,192; Im
p ro v e m e n ts , $700; b a l., s u r ., $27 ,1 4 1 .
D lv . o n In com es, 3 % ($ 2 1 ,0 0 0 ),
paid S e p t. 1 1910. P re s ., an d T r e a s ., W . B . H a y e s ; S e c ., C. AI W illia m s.
O ffic e , B ou ld er, C o lo .— (V . 89, p . 4 1 , 993.)
D E N V E R N O R T H W E S T E R N & P A C IF IC R Y .— T o e x te n d fro m D e n v e r to
Salt L a k e, a b o u t 575 m iles, a lo n g a line a b o u t 100 m . sou th o f the U n ion P a c.
an d 125 m . n orth o f the D e n v e r A R io G ra n de.
In 1905 110 m iles, D en ver
t o Su lph u r S p rin gs, C o l., w ere o p e n e d .
E x te n sio n , 101 m ., S u lph u r S prings
t o S te a m b o a t S p rin gs (364 m . fro m S alt L a k e C it y ), w as c o m p le te d N o v . 1
1908. See V . 75, p. 289; V . 78, p . 1108; V . 8 0 , p . 1362: V . 8 6 , p . 167.
S T O C K , B O N D S A N D N O T E S .— A u th . S t o c k , $ 2 0 ,0 0 0 ,0 0 0 , o f w hich
$10 ,0 0 0 ,0 0 0 pref. 5 % n o n -c u m ., all to be Issued fo r co n s tr u c tio n , togeth er
w ith $2 0 ,0 0 0 ,0 0 0 o f the $ 2 2 ,500 ,00 0 4 % b o n d s V . 75, p . 1147; V .7 9 , p . 102.
O u tstan d in g S ep t 1910. $ 5 ,4 7 0 ,0 0 0 each o f c o m . an d pref. s to c k and
$1 0 ,9 4 0 ,0 0 0 b o n d s.
Or th e b o n d s , $ 8 ,0 0 0 ,0 0 0 are d e p o s ite d as co llateral
fo r $4,0 0 0 ,0 0 0 6 % 2 -y ea r n otes o f the C o lo r a d o -U ta h C o n stru ctio n C o.
(w h ich Is b u ild in g th e r o a d ), d a te d M ay 1 1909, re d e e m a b le at 101, and
gu a ra n teed , prln . an d ln t ., b y P res. D . H . M o lfa t; Interest p a y a b le qu a r
terly ( Q .-F .) ; C entral T r . C o ., N . Y . , tru stee; d e n o m in a tio n s $ 5 ,000, $ 1 0 ,
0 0 0 , $25 ,000 an d $50 ,000 e a c h .
V . 8 8 , p . 1127, 1061. T h e b o n d s o f the
C on tin en tal T u n n el C o ., t o co n s tr u c t a tu n n el 6 m iles In le n g th th rou gh the
C on tin en tal R a n g e .50 m iles w e st o f D e n v e r ($ 5 ,0 0 0 ,0 0 0 a u th . Issue), w ill,
If Issued, be g u a ra n teed , prln. and ln t.
V. 85, p . 1143. O f th e lo co m o tiv e
eq u ip m en t n otes, $ 16 ,109 m atu re M ay 1 1911 an d $17 ,500 qu a rte rly fro m
A u g . 1911 to F eb . 1916. V . 91, p . 945.
N . W . T E R M I N A L R Y . — L eases N orth w estern T e rm in a l R y . a t D en ver
fo r 999 yea rs, gu a ra n teein g b o n d s, p rln . & ln t. B o n d s are redeem able
from J u ly 1 1911 to J u ly 1 1916 a t 105 an d ln t .; thereafter a t 1 0 2 }* ;s e e
b o n d o fferin g In 1910, V . 90, p . 503.
E A R N I N G S .— F o r 12 m o s . e n d in g Jun e 30 1910, gro ss, $ 9 7 3 ,8 7 3 , a g st,
$661,531 In 1908-09; n et, $ 2 0 9 ,4 9 3 , a gst. $94 ,1 9 5 . P r e s ., D a v id H . M o ffa t t; T r e a s ., T h o s . K e e ly ;S e c ., F . B . G ib s o n .— (V . 91, d . 945.)
D E N V E R & R IO G R A N D E R R .— (S ee M a p . ) — R O A D .— M ileage:
R o a d ow n ed an d o p e r a t e d -------2,528 | O f the p reced in g:
R io G r. J c . R R . , A c . ( le a s e d ) ..
70| Standard g a u g e _________________ 1,810
----------- I N arrow gauge o n l y ______________
787
T o ta l Ju n e 30 1 9 1 0 ___________2,598 |2d t r a c k __________________________ 101
R io G ra n de A S ou th w estern R R . , L u m b e rto n S t a t i o n ,C o l .,33 m . s o u th
e a s terly , Is op era ted on basis o f 2 5 % o f gross earns.
V . 7 9 . p. 907.
In Ju n e 1910 c o n s tr u c tio n w as begu n o n a n e w Joint line w ith th e C o lo ra d o
A S ou th ern fro m P u eb lo t o W a ls e n b u r g , 56 m iles, a t a c o s t o f p r o b a b ly
$ 5 ,7 0 0 ,0 0 0 .
V . 90, p . 626.
H I S T O R Y .— R eorg a n iz a tio n o f a railw ay c o m p a n y o f sam e n am e fo re
c los ed J u ly 12 1886. O n J u ly 31 1908 th e R io G ra n de W e s te rn w as m erged .
V . 8 7 , p . 226 , 285 . T h e R io G rande J u n ctio n Is leased Jointly b y this c o .
a n d the C o lo ra d o M id la n d , an d Its b o n d s gu a ra n teed . T h e C ol. M id lan d Is
c o n tro lle d b y parties Interested sev e ra lly In the D . & R . G . an d C o lo ra d o
& S ou th ern .
V . 7 0 , p . 739 . T h e R io G ra nde S ou th ern Is co n tr o lle d .
T h e M issouri P a cific ea rly In 1901 a cq u ire d $ 1 4 ,8 0 0 ,0 0 0 co m m o n and
$ 7 ,3 0 0 ,0 0 0 p referred s t o c k , th is, to g e th e r w ith the R o ck e fe lle r Interest, It
Is u n d e rs to o d , c o n s titu tin g a co n sid e ra b le m a jo rity o f the en tire s to c k .
V . 7 2 , p . 338 , 580 , 1238; V . 7 3 , p . 506.
D en v er A R io G ra nde ow n s tw o -th ird s o f the s to c k and has g iv e n a
tra fflo g u a ra n ty t o th e W e ste rn P a clflo R y . (w h ich see) c o m p le te d from
Salt L a ke C ity to San F ra n cisco In 1910.
V . 81, p . 845; V . 83, p . 568.
T h e s to c k ($200,000) o f th e Salt L a ke C ity U n io n D e p o t A R R . C o . Is
a b o u t e q u a lly ow n ed b y th e D . A R . G . an d W e ste rn P a clflo , w h ich gu ar
an tee Its $ 1 ,1 0 0 ,0 0 0 first m o rtg a g e 3 0 -y e a r 5 % b o n d s.
V . 88, p . 232.
S T O C K .— E a rly In 1910 $ 4 ,0 0 0 ,0 0 0 p r e f. s t o c k w as so ld a t par fo r Im
p r o v e m e n ts , e q u ip ., A c ..r a is in g a m o u n t o u t s ta n d in g to $49 ,7 7 9 ,8 0 0 .
D IV S . since ’ 9 1 ) ’ 92. ’ 93. ’ 94. ’ 9 5 . ’ 96. '0 7 ’ 98. ’ 99. ’ 0 0 . ’ 01 to J u l y ’ 10
o n p referred , % . J 0
2
0
0
2
2 2 1 * 4
4
5 yea rly
B O N D S .— Con sols o f 1886 fo r $ 6 ,9 0 0 ,0 0 0 o rig in a lly reserved fo r e x te n
sion to O gden w ere a v a ila b le fo r ca p ita l re q u ire m e n ts, o f w h ich part Issued.
V . 7 3 , p . 507. See a b s tr a c t o f m o rtg age In V . 4 7 , p . 228.
T h e im provem ent mortgage a b s tr a c t w as In “ C h ro n icle ” , V . 47, p. 229.
A b s tr a c t o f R . G . W . 1st m o r t. w as In V . 4 9 , p . 237 , and sta te m e n t to
N . Y . S to c k E x ch a n g e , V . 50, p . 73; also V . 69, p. 284.
U ta h Fuel 1st 5s
o f 1931; see a p p lic a tio n to list, V . 78, p . 1171, 1178, 1548, 2015.
T h e R io G .W . first consol. 4s o f 1899, see a p p lic a tio n to list In full
V . 72, p . 537. V . 72, p . 775 , 1189. List o f c o ll. Jun e 30 1910, V . 91. p. 525.
T h e refu n d in g m ortg a g e d a te d J u ly 1 1908 co v e rs th e c o n so lid a te d
p rop erties to secure an Issue o f $ 1 5 0 ,0 0 0 ,0 0 0 b o n d s, o f w hich $90 ,
0 0 0 ,0 0 0 w ill be reserved to retire u n d e rly in g b o n d s and the rem ain in g $ 6 0 ,
0 0 0 ,0 0 0 w ill be a v a ila b le fo r o th e r p u rp o se s. T h e b o n d s are red eem able at
105 to A u g . 1 1913 an d 110 th ereafter.
In N o v . 1908 $ 17 ,500 ,00 0 o f the
b on d s w ere s o ld , In F e b . 1909 $ 5 ,0 0 0 ,0 0 0 a n d In A u g . 1909 $ 5 ,0 0 0 ,0 0 0 , the
ban kers h a v in g an o p tio n o f $ 1 ,0 0 0 ,0 0 0 a d d itio n a l. V . 87, p . 1419. In a d d i
tion t o a lien on the D . A R . G ., the b o n d s are secu red b y tw o -th ird s ($50,-
000,000) o f the s to c k o f th e W e ste rn P a cific an d all th e $ 2 5 ,0 0 0 ,0 0 0 2d M .
b o n d s on the la tte r.
V . 86. p. 1224, 1284, 1529; V . 87, p . 226, 285, 544,
741 , 1419; V . 88, p. 100, 230, 294, 504, 822; V .8 9 , p .3 4 8 , 593; V . 90, p . 848 .
L A T E S T E A R N I N G S .— F ro m J u ly 1 to A u g . 31, 2 m o n th s:
2 M on th s—
G ross.
N et.
Oth. In c .
Charges. B a l.,S u r .
$94 7,48 8 $608,113
191 0............................ $ 4 ,2 5 0 ,1 4 7 $ 1 ,4 0 6 ,3 3 7
$14 9,26 4
8 2 1 ,4 7 5
696 ,2 1 6
4 ,0 3 7 ,1 9 0 1 ,3 7 8 ,1 5 0
139,541
1909...........................
A N N U A L R E P O R T .— R e p o r t fo r 1909-10 In V . 91, p . 51 5 , 523, Includ
in g th e R io G rande W e ste rn . See p . 493.
1909-10.
1908-09.
1907-08.
A v e ra g e m iles o p e r a t e d _______________
2,541
2,534
2,499
T o ta l o p e r a tin g r e v e n u e ..........................$ 2 3 ,5 6 3 ,4 3 7 $ 2 0 ,870 ,57 1 $20 ,380 ,43 1
N et r e v e n u e .................. ...
7 ,7 7 9 ,4 6 7
6 ,4 6 7 ,5 3 5
7 ,5 0 3 ,9 7 9
T a x e s ............................. ...............................
823 ,5 1 5
762 ,823
750,471
. $6,9 5 5 ,9 5 2
. 2 ,690,714
$ 5 ,7 0 4 ,7 1 2
1,379,417
$ 6 ,7 5 3 ,5 0 8
554 ,296
. $ 9 ,6 4 6 ,6 6 7
. $4,6 0 6 ,8 6 7
R e n ta l o f ro a d , y a r d s , term in als, A c ..
273,476
.
605,312
H ire o f e q u ip m e n t............... ...........
. 2 ,4 8 8 ,9 0 0
120,000
R en e w a l f u n d _________________________ .
A p p r o p r ia tio n s fo r b e tte r m e n ts_____
A p p r o p r ia tio n s fo r n ew e q u ip m e n t..
.
1,152,844
$7,0 8 4 ,1 2 9
$3,301,051
223,246
502,884
2 ,2 8 8 ,9 9 0
120,000
156,360
204,884
$ 7 ,3 0 7 ,8 0 4
$3,2 9 3 ,9 2 8
47,303
430 ,7 3 7
2 ,2 8 8 ,0 7 0
120,000
231,393
T o ta l . . ...................................................... $ 9 ,2 4 7 ,4 9 0 $ 6 ,7 9 7 ,4 1 5 $6,411,431
S u rp lu s............................................................
$39 9,17 7
$280,714
$896,373
O F F I C E R S .— C h airm an o f B o a rd , G eorge J . G o u ld ; P r e s ., E . T . J e ffe r y ;
V lc e -P r e s ., C has. H . S ch la ck s; T r e a s ., J . W . G lllu ly; S e c. an d C o m p t.,
S te p h e n L ittle . O ffic e , 165 B ’ w a y , N ew Y o r k .
D ire cto rs— G eorge J . G o u ld , W in slow S. P ie rce , E . T . J e ffe r y , E d w in
G o u ld , H ow ard G o u ld , A . H . C a lcf and A rth u r C o p p e ll, N ew Y o rk ; Charles
I I . S ch la ck s, San F ra n cis co ; J o e l F . V a lle, D e n v e r, C o l.— (V . 91, p . 515,
523.)
DES MOINES & FORT DODOE RR.— [See M a p M in n ea p o lis A St.
L o u is .)— O wns D es M oin es t o R u th v e n , l a ., 137.01 m .; at F t . D o d g e , l a .,
0 . 6 1 m .; tra ck a ge , T a ra to F t . D o d g e , 6.0 7 m .;a n d S p en cer to R u th v e n ,
12.45 m .; to ta l, 156.14 m . In 1904 M ln n eap. & S t. L o u is a cq u ire d $2 ,5 3 0 ,OOOof the ou tsta n d in g $4,2 8 3 ,1 0 0 c o m . s t o c k , and guaran tees the $ 3 ,0 7 2 ,0 0 0
Q rs tm tg e .4 % gold b on d s Issued to retire all the o u tsta n d in g b o n d s,w h ic h m a
tured Jan . 1 1905; the M inn. A S t. L ou is leases the road fo r 30 years from
Jan 1 1905: all Incom e o v e r ch arges. Im p ro v e m e n ts, & c ., to be paid to
le s so r .
V . 7 9 , p . 268 , 1704, 2085.
G u a r a n t y , V . 70, p . 2696. P r e f. s to c k
(n o n -c u m .) shares e q u a lly w ith c o m m o n a fte r 7 % o n e a ch .
S e co n d M . b o n d s , $ 1 ,0 0 0 ,0 0 0 a u t h ., see V . 8 2 , p . 1322.
D I V I D E N D S — . V 9 3 . ’ 94. ’ 95. ’ 06 t o ’ 98. '0 9 t o '0 3 . ’ 04 t o ’ 09.
'1 0 .
O n p r e f e r r e d ____ % J 2
4
4
6 y ’ rly .
7 y ’ r ly .
5 y ’ r ly .
0
R e p o r t fo r y ear e n d in g D e c. 31 1909 In V . 91, p 3 4 , sh o w e d gross
earn in gs, $57 2,49 9; n e t, $16 2,45 7; ta xes & ln t ., $ 17 5,58 0; d e ficit, $ 1 3 ,1 2 3 .
P re s.. E dw in H a w ley; V lc e -P r e s ., L . F . D a y : T r e a s ., F . H . D a v is: S e c .;
W . S . C ran dell.— (V . 88, p . 1436, 1615; V . 90, p. 1675; V . 91, p. 34, 38.)
DES M O IN E S U N IO N RY.— T erm in al road In D es M oin es; ow n s 5 m iles
m ain track and bran ch es, 14 m iles 2d an d side tra ck s, brid ge across D es
M oines R iv e r and 25 acres o f land In D es M oines. See sta te m e n t to N . Y .
S to ck E x ch an ge In V . 65, p. 1173.
Leased to W abash R R ., C h icago G reat
W e s te rn , C h ic. M ilw . A S t. P . R y ., C h ic. B u rl. A Q u in cy R R ., S t. P aul &
D es M oin es R R . and M in n eapolis A S t. L ou is R R .
V . 75, p. 342 .
R e n ta l
e q u a l to expenses an d fixed ch arges paid m o n th ly b y lessees o n w heelage
basis. S to c k a u t h ., $2 ,0 0 0 ,0 0 0 ; o u t ., $40 0,00 0; p a r, $100. Y e a r 1908-09.
g ro s s , $ 26 8,40 8; n et In c ., $ 10 6,34 4: b o n d ln t ., $ 3 5 ,5 5 0 .— (V . 86, p . 337.)
DETROIT GRAND H A V E N & M I L W A U K E E RY.— (See M a p Grand
Trunk R y .) — O w ns fro m D e tro it to G rand H a v e n , M ic h ., 189 m iles. A re
organ ization o f S e p t. 1878
T h e prin cipa l an d Interest on the b o n d s are
guaran teed b v the G rand T ru n k o f C a n ada. S to c k . $ 1 ,5 0 0 ,0 0 0 ; par, $50.
R ea l esta te b o n d s o r m o rtg a ge s, $22 6 ,0 0 0 . O n Ju n o 30 1909 su n d ry o u t
stan din g a c c t s ., $ 2 ,7 6 4 ,5 1 7 .
G rand T ru n k o f C anada ow n s en tire s to c k .
E A R N I N G S .— 12 m o s ., /1 9 0 9 - 1 0 -------G ross, $ 2 ,0 4 1 ,4 0 2 ; n e t, $ 4 8 5,42 7
J u ly 1 to Jun e 30.
\ 190 8-0 9-------G ross,
1,69 9 ,4 0 2 ; n et, 386 ,722
Y e a r e n d in g Jun e 30 1909, gross, $ 1 ,6 9 9 ,4 0 3 ; n e t, $38 6,61 2; o th e r In com e,
$7,836; ch arges, $504,483; b a l.. d e f.. $ 1 1 0 ,0 3 5 .— (V . 91, p . 870.)
DETROIT HILLSDALE & SOUTHWESTERN RR.— O w ns Y p s lla n tl,
M ich ., to B ankers, M ich ., 65 m .
Leased In p e rp e tu ity J u ly 1 1881 to the
Lake Sh ore & M ich . S ou th ern R y .; ren tal, $54,000 per ye a r— 4 % on s to c k .
DETROIT MACKINAC & At ARQUETTE RY.—SEE MISC. COS.
DETROIT & A1ACK1NAC R Y — O w ns fro m B a y C ity , M ic h ., to C h e b o y
gan , 196 m .: R ose C ity B ran ch , 31 m .; P re sco tt B ran ch , 12 m .; L in coln
B ran ch , 14 m .; A u G res B ra n ch , 8 m .; H illm a n d iv isio n , A lp e n a to H illm a n ,
M ich ., 22 miles (o p e n e d D e c. 190 9); lo g g in g bran ch es (la rg e ly t e m p o r a r y ),
81 m .; to ta l, 364 m .
In 1908-09 fo re s t p ro d u cts fu rn ish ed 5 2 .0 1 % o f tra ffic.
In 1902 H en ry K . M cH a rg a n d a ssocia tes a cq u ire d c o n tr o l.
B O N D S .— “ M ortgage b o n d s ” fo r $500,000 w ere reserved fo r b e tte rm en ts
A o ., a t n o t o v e r $50 ,000 per y e a r. V . 74, p. 629.
In a d d itio n to the
am ou n ts show n a b o v e as o u ts ta n d in g , $450,000 “ first Ucn” an d $40 0,00 0
"m o r t g a g e ” b o n d s w ere on Ju n e 30 1910 held In the treasu ry.
S T O C K .— T h e ca p ita l s to c k Is $ 3 ,0 0 0 ,0 0 0 , o f w h ich $ 2 ,0 0 0 ,0 0 0 c o m m o n
and $ 1,000,000 5 % n o n -c u m . preferred . See V . 74, p. 629. D lv . on p r e f.,
2 H % J u ly 1 1903; sin ce to J u ly 1910, 5 % y e a r ly .
L A T E S T E A R N I N G S , f 1 9 1 0 .........................G ross, $21 3 ,6 1 5 ; n e t, $68,338
2 m o s ., J u ly 1 to A u g. 3 1 .1 1909 ........................ G ross.
208 ,601 ; n e t,
53,261
E A R N I N G S .— R e p o r t fo r y e a r en d in g Ju n e 30 1009 w as In V . 89, p . 1219.
In 1909-10. gross. $ 1 ,2 3 1 ,2 4 4 ; n et Incom o a fte r ta x e s , $ 29 5,33 0; ln t. on
b o n d s, $92 ,000 : p re f. d iv id e n d ( 5 % ) , $ 4 7 ,5 0 0 : b a l.. s u r ., $15 5 ,8 3 0 .
1908-09, gross, $ 1 ,1 4 8 ,9 7 4 ; n e t, $ 2 8 3 ,4 5 9 .— ( V . 8 9 , p . 1068, 1219.)
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R A IL R O A D C O M P A N IE S
F o r abbreviation s, & c ., see notes on first page]
D et & T o l Sli L — 1st M J 3 .0 0 0 .0 0 0 g gu p & I .M e ,c * A r
D ov er & R o c k a w a y — S to c k 6 % rental 099 y e a r s _____
D u b & S iou x C ity— 111 C en t VV lines 1st M g - - U s .c * Ar
Io w a F a lls A S iou x C ity 1st M Io w a Falls to S lo u x C y
C h er A D ak C R 4 C an d O m a h a D lv A c first m tge
D u lu th & Iron R a n ge— F irst m o r tg a g e -----------M p .c A r
S e c o n d M cu rren cy redeem at 105 $ 5 ,0 0 0 ,0 0 0 _ C e .c*
D ulu th M issab e & N orthern— F irst m o rtg a g e g o ld s f
F irst co n s o l m tge $ 3 ,5 0 0 ,0 0 0 g o ld call at 105
_ .C e
G eneral m ortg a ge g old s f, re d 105-------------- — N xc*
Dulutlr So Sh & A tla n tic— M arti H A O n gen M .- C e .c *
D u lu th S ou th S h ore & A tla n tic 1st M g o ld - C c .c A r
F irst co n s o l m tge g o ld Interest g u a r------ C e .c * A r
I n c o m e certs ($ 3 ,0 0 0 ,0 0 0 held b y Can P a c J u ly ’ 10)
C ar trusts guar b y Can P a c (d u e m o n t h ly ).......... —
gu ar b y Can P a c (d u e $ 1 7 ,0 0 0 y e a r ly ) -
do
do
do
d o __________________________
do
do
d o __________________________
D ul W in n & P a c— 1st M d e b s to c k gu ar b y Car N or R y
D ul R L A W in 1st M $ 2 ,000 ,0 0 0 g r e d 105 b e g ’ U ICc*
Dun All V & P itts — 1st M $ 5 ,0 0 0 ,0 0 0 g u a r ..................G
•turham «
.n — 1st M $30O.0i>n g " ld red 1 05 -M eB a
D urham & S ou th ern — 1st M $ 1 ,0 0 0 ,0 0 0 a u th g o l d - .F
D urham U nion S ta tion — First M $ 7 5 ,0 0 0 g — S .c * A r
D u tch e s s C ou n tv R R — See C en tral N ew E n gla n d R y .
E ast M a h a n oy R R — S t o c k ................................................ - -
E ast P en n sy lv a n ia — S to c k 0 % gu ar 999 yrs P h lla A R
First m tge gold guar p & 1 b y P & R R R ( e n d ) - . c *
E ast T en n essee V irgin ia & G eorgia — See S ou th ern R y
East Tenn & W No Car— -1st M g (V 81 p 1723) G uP c *
E a stern R y o f M in n esota — See G rea t N orth ern
El P a so & N orth ea st— N M R y A O c o l t r g r e d l 0 5 . . N
N M R y A Coal M g o ld ................................................... To
A la m A S a c M t first m tge $ 9 0 0,00 0 gold g u a r-------N
El P aso A R o c k [si (list M $ 2 ,5 0 0 ,0 0 0 gold . _ T a .c*
D aw son R y A Coal c oll trust gold gu ar p A I .T a .c *
El P a so U nion Pass D ep o t— 1st M g $24 0 ,0 0 0 s f Ta
E lgin .loliet A E astern— 1st M ($ in .o o n .n o o ) g .C e x .e *
E liz a b 't h t ’ n T er C o — 1st M $150 ,000 r e d l0 5 b e g A p r ’ 15
E lm ira & Lake O nt— S od u s H ay A So— 1st M g . . U n .c
M ile s
R oad
48
218
184
328
210
210
65
130
215
130
587
587
—
3'
61
...
D a te
B on d s
Par
V a lu e
$1,000
100
1,000
1895
500 A c
1869
•88-00
1887 1,000 A c
1896 1,000 A c
1892
1 .000
1893
l ,000
1906
1,000
1885
1887
1,000
1800
1,000
1802
1906
100 A c
1907
1909
1910
1909
1,000
1906
1910
1,000
1905
1,000
1906
1905 1,000 A c
1903
36
36
1888
50
50
1.000
34
1905
165
1897
1901
1898
1901
1901
1905
1801
1910
1884
31
128
133
181
8
34
R ate
%
W hen
P a y a b le
$2,2 8 8 ,0 0 0
•T A
4 g
140,000
6
A A
5 ,4 2 5 ,0 0 0
F A
4 g
2.8 0 0 ,0 0 0
7
A A
8 ,9 3 0 ,0 0 0 Illin ois C entral
6,7 3 2 ,0 0 0
5
A A
6
A
J
See te x t
1 ,174,000
A
J
6 g
903 ,000
A
J
6 g
A
9,0 7 5 ,0 0 0
.1
5 g
1 ,077,000
6
A A
A
3 ,8 1 6 ,0 0 0
.1
5 g
1 5,107,000
F A
3 ,0 0 0 ,0 0 0
A
J
17 200
4A
68,800
5
.1 A 1)
M A
160,000
4A
221 ,000
4
A A
6,1 4 8 ,3 3 3
4
J
A
A
J
2 ,0 0 0 ,0 0 0
5 g
2 ,9 0 0 ,0 0 0
4A
300,000
.1 A
5 K
A
J
7 50 ,000
4 g
\1 A
54,000
5 g
Last D ivid en d
and M a tu r ity
J Jan 1 1953
O ct 1910 3 %
A A u g 1 1951
O O ct 1 1917
bo uds or co llateral
O ct 1 1937
J Jan 1 1916
J Jan 1 1922
J Jan 1 1923
J Jan 1 1941
O A p r 1 1925
J Jan 1 1937
A A u g 1 1990
D ec 31 1912
J T o Jan 1911
15 T o Ju n e 1912
S M ch 1 1014
O A p r 1 1915
1) Ju n e 1 1939
J Jan 1 1916
1960
.1 July 1 1935
J Jan 1 1946
N M ay l 1955
o
o
P la ces W here Interest a n d
D ivid en d s are P a y a b l e
M erca n tile T rust o t
143 L ib e rty St N ew
O ffic e 115 U’w a y
do
do
th e re fo r
O ffic e E m pire B ld g
do
do
N Y
Y ork
N Y
N Y
Cen tral T ru s t C o N Y
C o m p a n y ’ s o ffic e N Y
44 W all S tre e t N ew Y o r k
do
do
New Y o r k o r L o n d o n
M o n tre a l, Q u e b e c
do
do
C h ica g o , 111
D e tr o it, M ich
P h ila d e lp h ia , Pa
L o n d o n or T o r o n t o
Chase N a t B k .N Y ; & C h ic
Me c h a n t s ’ T ru st Co Halt
F arm ers L A T C o, N Y
S ta n d a rd T ru s t C o N Y
J A D 15 J u n e l 5 1 9 1 0 2 A R e a d in g T e rm
do
A .1 J u ly 18 1910 3?,
J
do
M A
S M ch 1 1958
P h lla P a
do
do
497 ,750
1,048,300
495 ,000
5
6
4 g
1,000
500 ,000
6 g
M
A
N N o v 1 1935
1 ,000
1,000
1 ,000
1 ,000
1 ,000
1 ,000
1,000
3,000 000
2,0 0 0 ,0 0 0
372 ,000
2,5 0 0 ,0 0 0
3,0 0 0 ,0 0 0
240.000
10 090 .000
See t e x t
500 ,000
5
5
5
5
5
5
5
6
5
A
A
A
.1
J
J
M
A
J
A
A
A
A
A
A
A
A
A
T ru st C o o f A m e rica N Y
O O ct 1 1047
do
do
O ct 1 1951
do
do
A p r 1 1928
do
do
J Jan 1 1951
do
do
.1 July 1 1951
do
do
J Jan 1 1916 1035
N M av 1 1941
71 B r o a d w a y N ew Y o r k
Apr 11940
J J u ly 1 1924
N at Hank o f C o m m N Y
l .000
D E T R O IT
T O L E D O
&
IR O N T O N
R Y . — O perates road fro m
D e tr o it,
M ich ., to Iron ton , via L im a, 389 m .. Inclu din g 45 m . o f track age: bran ch es,
K ingm an to S o la tia . O . 31 m .: Jack son to C ornelia, 19 m .. and IJsm an
J e t. to D e a n , O ., 3 m .; t o ta l, 441 m .; co a l m in e tra ck s , sid in gs, A c ., 139 m .
A ls o ow n s co n tr o l o f A n n A r b o r R R ., w h ich see. V . 8 1 , p. 264; V . 82, p . 509.
O R G A N I Z A T I O N .— S u cce sso r, per plan V . 80, p 650 , o f D e t. S o u th .
R R . fo re c lo s e d , s u b je c t to O h io S o u th , m tg e . V . 80, p . 2 34 4, 1856.
R eceiversh ip .— In F eb . 1908 G eo. K . L ow e ll, BenJ. S. W arren and T h o m a s
D . R h od es were a p p oin te d receivers, the Interest on the c o n s o l. 4 A s due
F e b . 1 1908 bein g In d e fa u lt. T h e Interest on the divisio n a l and gen . lien
4s w as first d efa u lted D e c. 1 1909. T h e S e p t. 1909 an d M arch 1910 co u p o n s
on O h io S ou th ern d iv isio n b o n d s w ere p a id M arch 1 1910. V . 89, p . 593;
V . 90, p . 559. O n F e b . 25 1908 $30 0,00 0 r e ce iv e rs ’ ce rtfs. w ere a u th o rize d
h a v in g a lien Junior to th e O h io S o . d iv isio n a n d d iv isio n a l an d g e n . lien 4s;
$ 9 2 3 ,0 0 0 , Int. 6 % , w ere o u ts ta n d in g S e p t. 28 1910.
V . 86, p. 546, 602.
In J a n . 1910 $5 8 8 ,0 0 0 first lien re ce iv e rs’ c tfs . w ere a u t h ., o f w h ich
$ 4 0 0,00 0 ran k ahead o f all m tges. an d $18 8,00 0 a h e a d ot the general Hen
b u t a fter the O h io S o. D lv . m tg e .
V . 90, p . 167.
In Jan . 1910 $50 0,00 0 first lien re ce iv e rs’ ce rtfs. w ere a u th . V . 90. p . 167.
C om m ittee for Ohio S o. D lv . 4s.— Jam es N . W a lla ce , C h airm an; F . E.
M ow le, S e c ., 25 N assau S t .. N . Y .; C entral T ru s t C o ., N . Y . , d e p o s ita r y .
V . 8 9 , p . 1279, 1541; V . 90, p . 559.
Com m ittee fo r Gen. L ien & D lv . 4 s.— O tto T . B a n n a rd , C h airm an; W in . R .
B r itto n , S e c ., 30 B road S t ., N . Y .; N . Y . T ru st C o ., d e p o s ita r y .
In Jan .
1910 o v e r 8 5 % had been d e p o s ite d . V . 8 9 . p . 1482, 1596, 1667; V . 9 0 ,p . 167.
T h e D ec. 1909 c o u p o n s w ere cash ed In b e h a lf o f the c o n s o l, m tg e Interests.
V . 90, p . 1490. 1554.
C om m ittee f o r C on . M tg e. 1 'As and A ll Other S ecu rities and C laim s.— Joh n
A lv in Y o u n g , Ch airm an; H ow ard C. D ick in so n , S e c .; W in d s o r T ru st C o .,
N . Y . , d e p o s ita ry .
V . 91, p. 396, 518.
A n oth er Com m ittee f o r Con sol. 4 A s . — A co m m itte e (A lv in W . K re c h ,
C h airm an ; Charles II. Jon e s, 20 B road S t ., S e c .; E q u ita b le T rust C o ., N . Y . ,
d e p o s ita ry ) also requested d e p o sits o f co n s o l. 4 A s .
V . 91, p. 46 3 , 518.
Collateral Trust N oteholders’ C om m ittees.— Josep h R a m s e y J r ., C h airm an ,
W a lte r L . W orra ll, S ecre ta ry : N ew Y o r k T ru s t C o ., d e p o s ita r y .
In
In F eb . 1910 a b o u t $ 5 ,3 0 0 ,0 0 0 o f th e $ 5 ,5 0 0 ,0 0 0 o u ts ta n d in g n o te s w ere
ow n ed o r con trolled b y the c o m m itte e , and It w as a rran ged w ith the
H ollin s sy n d ic a te co m m itte e represen tin g a b o u t $ 1 ,7 0 0 ,0 0 0 n o te s, to
e x ch a n g e the c o m m itte e ’s Interest In the p led ged D . T . & I . con sols fo r the
s y n d ic a t e ’ s Interest In th e Ann A rb o r p re f. an d c o m . s t o c k . See circu lar
In V . 87, p. 1300.
V . 86, p. 337 , 420 , 480 , 346 , 602, 1589; V . 87, p 166,
28 5 , 544, 1300; V . 90, p . 447 , 626.
T h e 5 % notes o f 1905 ($ 5 ,5 0 0 ,0 0 0 Issue) are secured b y $ 3 ,<>01.000
A n n A rb or preferred and $ 2,190,000 c o m m o n s tock ami J5.onn.onn n c
' .
A I . Consols.
In S e p t. 1910 th e lo w e r C o u rt held va lid th e Is s u a n ce o f the
$ 5 ,0 0 0 ,0 0 0 con sols. T h e colla tera l fo r the n otes Is to be sold on N o v . 25
1910.
V. 91. p. 1025; V . 80. p. 2457, 2620: V . 81, p. 155; V . 91, p . 518,
870
L oa n s an d bills p a y a b le Ju n e 30 1910, $63 5 ,8 5 1 .
Stockholders’ Committer. -Willard V. King, Evans R. Dick and E. L.
Oppcnhelm (Columbia Trust C o . , N . Y . . depositary). V. 86, n. 794.
P r e f. Stockholders' C om m ittee.— A le x a n d e r J . H e m p h ill, C h airm an: E d gar
C. H e b b a r d , S ec. (G u a ra n ty T r . C o .. N. Y . , d e p o s .)
V 86 p 1409. 1529.
T h e ln t. on t h e $ l ,656,000 4 H % e q u ip , trust notes o f 1907 be in g In d e fa u lt,
th e e q u ip m e n t was su rren dered; b u t the o b lig a tio n rem ain s. V . 8 9 , p . 1410.
E A R N I N G S .— 12 m o s ., / 1900-10_____ G ross, $ 1 ,6 0 7 ,0 3 1 ; n e t, $113,061
J u ly 1 t o June 30.
(1 9 0 8 -0 9 _____ G ross, 1,52 5 ,1 2 6 ; n e t, 245,205
R E P O R T .— F o r y ea r e n d in g Jun e 30 1909 In V . 89. p . 1217.
E n tire System (including A n n A r b o r ).
Y ea r—
G ross.
N e tta ft.T a x .) O th .In c. D ed u ction s.
B alan ce.
1 9 0 8 -0 9 ............... $3,2 3 3 ,6 0 7 $55 7,40 6
$139,964 $1,3 5 4 ,5 3 6 d e f.$ 6 5 7 ,1 6 6
1 0 0 7 -0 8 ............. 3.5 0 6 ,0 4 8
4 1 3 ,1 6 5
395,956
1,328,838 d e f. 519,716
D etroit Toledo & Ironton P roper.
1 9 0 8 -0 9 ............... $ 1 ,525,126 $16 6,95 6
$38 ,476
$89 0,68 0 d e f .$685,257
42,4 0 5
297,836
015,343 d e f. 575,101
1 9 0 7 -0 8 ________ 1 ,623,266
In terest charge Includes y e a rly $2 7 5 ,0 0 0 interest o n co lla te ra i trust notes
Issued fo r Ann A rb or s to c k . See V . 83, p. 1034.
P r e s ., Eugene Z im m e rm a n : S e c. an d T r e a s ., G . C asper N iles: O ffic e .
D e tr o it .— (V . 91, p. 396, 463 , 518, 589, 870, 1025.)
D E T R O IT & T O L E D O SH O R E L IN E R R .— E x te n d s fro m T o le d o to
(su bu rbs of) D etroit, 47.6 m .; 2d tra ck , 20 m .; sidin gs, 3 m .: track age over
T o le d o If v. A T erm . C o .. A c .. 3 1 in .; total tra ck . 101.6 m .
V . 78. p. 2598
T h e G rand T run k W estern R y . and the T o le d o S t. L ouis & W estern R R
o w n the en tire $1,4 2 8 ,0 0 0 s to c k and Jointly gu aran tee the b o n d s, principal
an d in te re s t, b y e n d ors em e n t. S ee fo rm o f g u a ra n ty , V . 7 6 , p . 653. First
d iv id e n d , 4 % , p a id fro m earnings p rio r to Jun e 30 1908; In fiscal year
1908-09 6 % and in 1909 (a fte r Ju n e 3 0 ) , 2 % .
V . 8 7 , p. 1237.
E A R N I N G S .— 2 m o s ., ( 1 9 1 0 ................... G ross, $11 5,52 6; n e t, $47,820
J u ly 1 to A u g. 31.
(1909 ................ G ross,
135,216; net,
49,653
Y e a r en d in g June 30 1910, gro ss, $91 3,62 4; n e t, $45 3 ,8 7 2 , as rep orted to
I n t . C om . C om m ission (again st $ 3 1 9,40 5 In 1 9 0 8 -0 9 ). In 1907-08, gross,
$87 8,42 1; net In com e, $40 1,58 3; in t. o n b o n d s , rentals, A c ., $29 3,58 3; Im
p ro v e m e n ts , $21,079; d lv s. ( 4 % ) , $ 57 ,120 ; b a l., s u r .. $ 29 ,801 . P re s.,
T . P . S h o n ts .— (V . 87, p . 1237.)
DOMINION ATLANTIC RY.— See C anadian P a cific R y . V . 91. p . 716.
DUBUQUE & SIOUX CITY R R — See p a ge 165.
DULUTH & IRON RANGE R R .— O w ns D u lu th to E ly , M in n ., 117.22 m .;
T o w e r J e t. to T ow er, 1.40 m .; Allen J e t. to V irg in ia , 25.31 m .; M cK in le y
t o E v eleth , 9. 1 m .; W a ld o to D ru m m o n d , 15.02 m .; b ran ch es and spu rs,
63.51 m .; trackage to U n ion D e p o t , D u lu th . 0 .8 0 m .; t o ta l, 232 .27 m iles.
O w n s ore d ock s and yard s on L a ke S u p erior c o s tin g o v e r $ 1 ,5 0 0 ,0 0 0 .
S T O C K , A c .— S t o c k , a u t h ., $10 ,0 0 0 ,0 0 0 ; o u t ., $ 3 ,0 0 0 ,0 0 0 .
Federal
Steel C o. (see U . S . Steel C orp.) ow n s the s t o c k and $ 3 ,5 0 0 ,0 0 0 o f the $4,
5 0 0 ,0 0 0 2d m tg e. b o n d s.
(V . 66, p . 1237.) F irst m tg e . b o n d s a u th ., $25 .
000 p er m ile fo r c on s tru ctio n an d $7,000 fo r e q u ip m e n t.
D iv id e n d s sin ce
1904: 1905, 6 5 % ; 1906, 4 0 % ; 1907, 8 0 % ; 1908, 8 0 % ; 1909, 1 4 5 % ; In
fiscal y ea r 1909-10, 1 0 0 % .
E A R N I N G S .— 2 m o s .,/1 9 1 0 _ .......... G ross. $ 2 ,4 5 5 ,5 3 5 ; n e t, $ 1 ,7 2 5 ,6 5 0
J u ly 1 to A u g . 31.
\ 1909.............G ross,
2 ,7 5 0 ,1 6 2 ; n e t,
2 .065,799
A m oun t
Outstanding
g
g
g
g
g
g
or
g
u
G uar T r & S D C o P h lla
o
o
o
Y e a r e n d in g Ju n e 30 1910, gross, $ 9 ,5 3 0 ,1 0 1 ; net, $ 6 ,0 4 6 ,6 4 8 ; o th e r In
c o m e , $92 ,7 7 4 ; ch arges, d e p r e c ia tio n , A c ., $ 1 ,7 0 0 ,7 7 1 ; balan ce, su rp lu s’
$ 4 ,4 3 8 ,6 5 1 .— (V . 79, p . 2085 )
DULUTH iMISSABE & NORTHERN RY.— O w ns fro m D ulu th to M ou n
tain Iron , M in n ., 77.96 m .: branch fro m A lb o rn n o rth w esterly to B u ck eye
M ine, 53 m .: o th e r b ran ch es an d spu rs, 16'-’ .47 m iles: tra ck a g e to U n ion
D e p o t, D u lu th , 2 m .; to ta l, 295.43 m .
A lso bran ch D u lu th t o C h ish olm ,
M in n ., a b o u t 84 m ., o p e n e d Jun e 1910.
E n tire $ 4 ,1 1 2 ,5 0 0 s tk . ow n ed b y
Lake S u p erior C on sol. Iro n Mines an d so b y U . S . Steel C o rp . V . 72, p . 1038.
O f the general 5s ot 1906, b o n d s are reserved to retire th e u n d erlyin g
b o n d s; a d d itio n a l b o n d s m ay be Issued a t n o t o v e r $ 30 ,000 per m ile fo r a d
dition a l single m ain track an d $20 ,000 fo r s e c o n d , third and fo u rth m ain
track s an d fo r n o t o v e r 7 5 % o f th e c o s t o f e q u ip m e n t an d Im p ro v e m en ts.
S in k in g fu n d o f 2 % y e a r ly o f o u ts ta n d in g b o n d s (In cl. b o n d s In s. f .) retires
b o n d s ny lot a t 105. V . 8 8 , p . 822 .
___ _____
D iv id e n d s p a id fiscal years en d in g Ju n e 30; 1904, 1 5 0 % ; 1906, 1 1 0 % ;
1908, 1 1 0 % ; 1909, 1 4 5 % ; 1910, 2 4 0 % .
E A R N I N G S .— 2 m o s .J 1 9 1 0 ...............G ross, $ 4 ,0 3 5 ,8 3 2 ; n e t, $ 3 ,1 3 6 ,8 6 9
J u ly 1 to A u g . 31.
J 1909________ G ross, 3 ,9 3 2 ,9 2 2 ; n e t, 3 ,0 5 8 ,3 9 4
F o r year en d in g Ju n e 30 1910, gross, $ 1 3 ,9 6 6 ,4 2 6 ; n e t, $ 9 ,7 8 1 ,6 1 5 ; o th e r
Incom e, $ 38 6,41 0; ln t., ta xes, A c ., $ 1 ,6 7 2 ,6 0 1 ; b a l., s u r ., $ 8 ,4 9 5 ,4 2 4 .
In
1908-09, gross, $ 1 0 ,0 2 2 ,5 6 5 ; net, $ 6 ,2 7 9 ,9 0 6 . — (V . 90, p. 236, 1362.)
DUL. RAINY LAKE & WINNIPEG RY.— Sec D u l. W in n ip e g A P a c. R y .
D U L U T H SOUTH SH O R E & A T L A N T IC R Y . - O p e r a t e s D ulu th to
Saulte S te. M arie. 415 m iles; " S o o ” Ju n ctio n to S t. Ign ace, 43 m iles; o th e r .
133 m iles; to ta l, 606 m iles, Inclu din g 21 miles o f tra ck a ge .
C A P I T A L S T O C K .— C om m on s to ck Is $ 1 2 ,0 0 0 ,0 0 0 ; p r e f., $10 ,0 0 0 ,0 0 0 ;
par. b o th $100. P re f. s to c k Is 6 % n o n -c u m .
Can. P a c. J u ly 1 1910
ow n ed $ 6,100,000 c o m . and $5,1 0 0 ,0 0 0 pref. s t o c k , $3,0 0 0 ,0 0 0 Incom es
and $ 15 ,107 ,00 0 con sols.
B O N D S , A c .— A b s tra ct first m ortgage, V . 4 5 . p. 274.
T h e first con so lid a te d m o rtg age o f 1890 has Interest a t 4 % guaranteed
b y Can. P a c., w hich J u ly 1 1910 held the entire ou tsta n d in g Issue ($ 1 5 ,1 0 7 ,
000) In Its treasury as secu rity fo r Its 4 % d eben tu re s to c k : consols for $ 4 ,
893,000 are reserved for prior b o n d s, and ad d ition a l am ou n ts m ay be Issued
at $20 ,000 per m ile ot new lines. Car trust 4 'As o f 1906, V . 82, p. 452. D u e
Canadian P a cific R y . June 30 1910 fo r gu aran teed Interest a d v a n c e s .
$ 5 ,8 6 5 ,5 1 5 ; u n gu aran teed ca r tru sts. $236,213.
L A T E S T E A R N I N G S .— f l O l O . . ........... G ross, $64 8 ,4 6 2 ; n e t, $243,111
2 m o s ., J u ly 1 t o A u g . 31. (1 9 0 9 .................G r o s s ,
593 ,6 7 4 ; n e t,
192,540
Surplus a fte r ch arges, $62 ,3 4 9 ; a g ain st $ 15 ,040 In 1909.
R E P O R T .— R e p o rt fo r y ear e n d in g Jun e 30 1910 In V . 91, p. 788.
O f the to n n a ge In 1909-10, o res furnished 4 9 % , lu m b e r, A c ., 1 9 % .
Y ear—
G ross.
O p e r .I n c . Other In c . Charges. B a l.,D e f,
1909-10 ____________ $ 3 ,3 7 2 ,0 9 0
$81 5,57 2
$61 ,322
$ 1 ,2 2 8 ,6 1 0 $35 1,71 5
190 8-0 9...................... .. 2,7 8 5 ,5 8 7
544,086
146,209
891 ,7 4 2 201 ,447
P r e s ., W . F . F itch , M a rq u ette, M ich .— (V . 91, p . 397 , 788.)
DULUTH WINNIPEG A PACIFIC RY.— O w ns en tire $ 2 ,0 0 0 ,0 0 0 s tock
o f D ulu th R a in y L a ke A W in n ip e g R y ., V irgin ia , M in n ., n orth t o th e C ana
dian N orth ern at In te rn a tio n a l Falls, 98 m iles, g iv in g th a t ro a d access to
D ulu th an d T w o H a rb o rs at the h ead o f the G reat L a kes, an d will build from
V irginia to D u lu th , 73 m iles (co n tr a c t b e in g let J u ly 1910); also bra n ch es
and spurs fo r Industrial an d m in in g purposes an d d o c k s at D u lu th , w here
v a lu a b le sites fo r term inals h a ve a lre a d y been se cu re d .
V . 87, p . 1605,
1664; V . 88, p. 563, 623, 882, 1252. C ap. s tk . a u th ., $ 6 ,0 0 0 ,0 0 0 ; par, $10 0.
S ecu rities.— T h e first m tg e . 4 % d e b . s to c k o f 1910 Is g u a r ., p . A 1., b y
the C anadian N orthern R y .
O f the $1 0 ,5 0 0 ,0 0 0 a u th . Issue, $4,623,333
( £950,000) has been s o ld , $ 1 ,5 2 5 ,0 0 0 w as Issued t o retire e x is tin g secu rities,
$2,0 0 0 ,0 0 0 is reserved t o retire the D u lu th R a in y L a k e A W in n ip e g b on d s
at m a tu r ity Jan . 1 1916 an d the re m a in in g $ 2 ,3 5 1 ,6 6 7 to be av a ila b le fo r
furth er e x te n sio n s, A c .
On p a y m e n t o f the D . R . L . & W . b o n d s In 1916
Its p ro p e r ty w ill be transferred t o the c o m p a n y , so th a t the d e b . s to c k w ill
b e co m e a first charge on 173 m iles, th e D . R . L . A W . s to c k In th e m ean tim e
b ein g ve ste d w ith the tru stees, th e N ation a l T ru s t C o. o f l o r o n t o an d the
B ritish E m pire T ru st C o. V . 90, p. 1490; V . 91, p . 154.
T h e V irginia A R a in y L a k e C o ., w hich fo rm e r ly o w n e d th e D R . L . A
W ., guaran tees th e Interest o n the la tte r’ s b o n d s.
V . 8 1 , p. 5o 8 , 013, 1848;
V . 82, p. 751; V . 84. p . 158; V . 85, p . 1518; V . 89, p . 1279.
E A R N I N G S .— O f D ul. R a in y L a ke A W in . fo r y e a r e n d in g D e c. 31 1909,
gross, $ 44 1,32 6; net o v e r ta x e s , $ 1 4 3 ,3 7 9 .— V . 90, p . 1490.
DUNKIRK ALLEGHENY VALLEY & PITTSBURGH RR.— D u n k irk ,
N . Y . , t o T itu s v ille , P a ., 90.51 m iles.
Leased to N ew Y o r k Central A
H u d son R iv e r R R . fo r 501 years fro m Ja n . 3 1873, ren tal p ro v id in g Interest
on b o n d s a n d 1 A % y e a r ly d iv id e n d on $ 1 ,3 0 0 ,0 0 0 s to c k , o f w h ich $ 1 ,1 7 9 ,
275 o w n e d b y lessee D ec. 31 1909. O perated b y the L ake Shore A M ich.
S ou th ern as a g e n t fo r the lessee sln co O ct. 1 1901.
B o n d s, $ 5 ,0 0 0 ,0 0 0
50-year 4 A s a u th . J u ly 1 an d A u g . 1 1910 (present Issue, $ 2 ,9 0 0 ,0 0 0 ),
are to be gu a ra n te e d , prln . and ln t ., b y N . Y . C. A II. R . R R .
V . 90, p .
1490, 848; V . 91, p. 3 3 6 .— ( V . 90, p . 1490; V . 91, p. 336.)
D U R H A M A SOUTH C A R O L IN A R R .— D urham N. C .. sou th 30 m iles
to B on sai on the S e a b o a rd Air L in e. S t o c k , $30 0,00 0: par, $100.
B on ds,
see ta b le .
Y e a r e n d in g Ju n o 30 1910, gross. $62,372: n e t. a fte r ta x es.
$32 ,275 ; Interest on b o n d s, $ 15 ,000 ; b a l., s u r ., $17 ,2 7 5 .
P re s.. E rn est
VVllilams, L y n ch b u rg , V a .— ( V . 90, p. 1424.)
DURHAM A SOUTHERN RR.— E ast D u rham to D u n n , N .C ., 59 m iles.
D urham to E ast D u rh a m , 2 m iles; to ta l, 61 m iles. S to ck a u th oriz ed ,
$1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g . $60 0,00 0; par, $100.
B o n d s, see table a b o v e .
In ca l. year 1909, gross. $ 33 6,54 3: n e t, $20 5 ,1 0 9 .
F o r ye a r e n d in g Ju n e 30
1908, gross, $25 1 ,6 9 8 ; n e t, $12 7 ,8 5 9 ; o th e r r e ce ip ts, $ 4 ,876; ch arges, In
clu din g ta xes. $38 ,255 ; d iv id e n d s ( 6 % ) , $ 36 ,000 ; b a la n ce , surplus, $5 8 ,4 8 1 .
P res., B . N . D u k e , N . Y . ; S e c ., F . L . F u ller.
O ffic e , D u rh a m . N . G.
DURHAM UNION STATION CO.— O w ns passenger station at D urham
N. C ., op en ed M ay 1 1005 and used b y the S outhern B y .. S eaboard Air L ino
R y .. N o rfo lk A W estern R y . and D urham A S o u th e rn , w h ich each ow n on efo u rth o f $33,300 s to c k .
Lease p ro v id e s fo r rental b y several lines s u ffic ie n t
to pay lnt. and other charges. Pres., H . W . Miller; Sec., C. N . Freeman.
Ora., 1910.)
RAILWAY STOCKS AND BONDS.
Ci
R A IL R O A D C O M P A N IE S
F o r abb reviation s, A c . , see notes on first page]
M ile s
R oad
D a te
B on d s
Par
V a lu e
A m ount
O utstanding
$50 0 ,0 0 0
$50
73 >5
E lm ira & W illia m s p o rt— S to c k c o m m o n 5 % ren tal NC
500 ,0 0 0
50
73> i
P referred s t o c k 7 % rental 909 years N o rth e r n C ent
963 ,000
1,000
73> i 1860
F irst M e x t 1 9 1 0 .................................................................... ..
500
570 ,0 0 0
1863
I n c o m e b on d s 999 years to ru n ____________________c*
50
2 ,0 0 0 ,0 0 0
83
Erie & P itts b u rg h — S to c k 7 % ren tal 999 yrs P en n Co
50
1 .420,750
83
S pecial gu aran teed bette rm e n t s to c k $ 2 ,5 0 0 ,0 0 0 ___
1,000
4,2 5 8 ,0 0 0
83 1890
G eneral m tge (n ow first) $ 4 ,5 0 0 ,0 0 0 g o ld g u a r - .U n
100 112 ,378 ,90 0
Erie R a ilroa d — C o m m o n s to c k $ 1 5 3 ,0 0 0 ,0 0 0 a u th ------100 i e ; o o o ; o o o
S e c o n d p ref s to c k 4 % n o n -c u m red eem a t p a r------—
100 4 7 ,8 9 2 ,4 0 0
. . .
F irst p ref s to c k 4 % n o n -c u m , re d e e m at p a r ----------A— O ld B o n d s A ssu m e d — R o a d s C o n s o lid a te d
447 1847
1,000
2 ,482,000
N Y & Erie 1st M P lerm to D u n e x t 1897 g o l d - . c *
447 1849
1,000
2,1 4 9 ,0 0 0
S e c o n d m ortg a g e (e x te n d e d In 1879) g o ld -------c *
447 1853
1.000
4,6 1 7 ,0 0 0
T h ir d m ortg a ge (e x te n d e d In 1883) g o ld -----------c*
475 1857
1,000
2,9 2 6 ,0 0 0
F ou rth m ortg a g e (e x te n d e d In 1880) g o ld -------c*
475 1858
500 A c
709 ,500
F ifth m ortg a g e (e x te n d e d In 1888) g o ld -----------c*
60 1861
182,400
200 A c
E rie R y 1st M B u ff Br H o rn e llsv to A t t ic a g o l d - . c *
526 1870
1,000 1 6 ,891,000
F irst c o n s o l m tge $3 0 ,0 0 0 ,0 0 0 g o ld $ o r £ . . F . c * c
526 1878
3 ,6 9 9 ,5 0 0
500 A c
N Y L E A W e s t flrst co n s m tg e g o l d --------------------- c*
2,3 8 0 .0 0 0
140 1876
1,000
B u ffalo N Y & E rie 1st M (B u ffa lo to C o r n l n g ) - -c *
67 1877
1,500,000
50 A c
Butr A S VV 1st M g e x t 1908 red 105 g ................ xc*
1,000
250 ,000
12 1868
N e w b u rg & N Y 1st M g o ld e x te n d e d In 1 88 9-------c *
B— B o n d s on P rop erties C o n tro lle d b y O w nership o f En tire (*) o r a MaJ o r lty (6) o f
200 ,000
1,000
10 1881
B ergen C o R R 1st M R u th J e t to R id g e w o o d N J - .
1,000 1 2 ,000,000
250 1890
Ch & Erie 1st M g (M a rlon O to H a m 'd In d) _ .C e .c *
300 ,000
1,000
C h ica g o A A tla n tic T erm in al first m o rtg a ge g_ _ Ce
1888
246 ,500
68-69
cG osh en A D e c k ’ t ’ n 1st A 2d M ’ s ($ 6 0 ,0 0 0 are 2 d ) .
170,500
66-67
cM on t A Erie 1st & 2d M ’s ($ 40,500 are 2 d s )----------300 ,000
500 A c
8 67-69
Jefferson 1st A 2d M ’ s e x t In '8 7 & ’ 8 9 ( H ’ d a l e B r ) . .c
1.000
2,8 0 0 ,0 0 0
37 1889
1st M C a rb on d t o S d e p o t g e x t In '0 9 red 105FP.C*
1,000
7 ,5 0 0 ,0 0 0
L o n g D o c k C o con s M g (n o w 1st M) (see t e x t ) ___ c*
1885
1,471,600
100 A c
52 1896
cN Y & G r e e n y L prior Hen M $ 1 ,5 0 0 ,0 0 0 g o ld — N
500 A c
400 ,000
34 1880
SN ew J ersey A N ew Y o r k 1st M e x t In 1 9 1 0 _____ c*
629 ,500
500 A c
1892
G eneral m tge $1,2 0 0 ,0 0 0 (red 105 a fte r 5 yrs) gold
1 ,000
1 ,100,000
1882
N Y L E & W C R R 1st M " la w fu l m o n e y " .- M n . c *
3,396,000
1,000
1883
N Y L E & W D A I Co 1st M (V 56 p 8 2 ) .......... F .c*
8,000.000
500 A c
422 1880
N Y P a & O h io prior lien m tg e g o ld $ o r £ ------- F .c*
Do
L ea sed lines— see sep arate sta te m e n ts fo r Cl cvelan d & M ah o n ln g V a lle y R R
cN Y S u sq u eh an n a A W estern — N o rth e rn N ew Jers ey— T lo g a R R — See e ach co m p a n
C— Erie R a ilr o a d C o m p a n y B on ds
1,000
67 1895
1 .000,000
S e c o n d M on B u ff & S W g o ld e x t 1908 ------ f l.x c *
E A S T B R O A D T O P R R . & C O A L C O . ( P a .) — O w ns fro m M ount U n ion ,
Pa., to W o o d v a le , P a .. 31.13 m iles; B o o k e r Jet. to B o o k e r, 2.36 m .; o p e r
ates S ha de G an R R . , 10 m ., and R o c k y R R . . 4.93 m .; to ta l, 46.06 m .
See V . 7 5 , p . 7 7 .
A coal road o p e n e d In 1874.
S to c k . $81 5,58 9 (par
$ 5 0 ), o f w h ich $24 7,18 9 Is 6 % n o n -c u m . p re f. F irst m tge. 4s ($500,000)
e x te n d e d In 1008 to Jan. 1 1958. S e co n d m tg e . 4 % Incom e b o n d s, $ 4 6 6 ,
705 , d u e Jan . 1958, given In 1008 fo r b a ck Interest from 1885.
Car
tru sts. $ 42 ,000 ; In t., 6 % . p a y a b le J .-D .
Y ea r 1909-10, gross, $23 7,62 1;
n e t, $11 9 ,3 1; o th e r In com e, $4,916; in te re st o n b o n d s, A c ., $22,520;
b a la n c e , su rplu s, $ 1 0 1 ,7 2 8 . P r e s ., R . S. S lebert, O rb ison la , P a. O ffic e ,
406 L a fa y e tte B u ild in g , P h ila d e lp h ia .— (V . 77, p . 145.)
E A S T M A H A N O Y R R .— O w ns from E ast M a h a n oy J u n ctio n to S t.
N ich olas and bran ch es, 11 m iles; 2d tra ck , 2.10 m .: to ta l tra ck , 19.70 m .
R e-leased D ec. 1 1896 for 999 years to L ittle S ch u y lk ill N a v . R R . A Coal C o.
at 5 % on s t o c k , an d lease assigned to P h lla. & R e a d in g R y .
O f the s tock
$280,000 w as d ep os ited b y R e a d in g C o. u n d er Its general m o rtg a ge .
R ate
%
5
7
4
5
7
7
3 }* g
W hen
P a yable
M A N
A
J
J
A
J
.1
A A O
(J — M
(J — M
A
J
J
L ast D ivid en d
and M a tu r ity
N o v 1910
B r o a d S t S ta tio n P h lla
J u ly 1910
do
do
Jan 1 1950
do
do
do
do
O ct 1 2862
S e p t 1 0 ’ 10 1 H U n ion T ru s t C o N ew Y o r k
do
do
S e p t 10 MO 1 'a
do
do
J u ly 1 1940
See t e x t Sem l-ann A p r 1907 2 %
See te x t Sem l-ann A p r 1907 2 %
4 g
5 g
4H g
5 g
4 g
4 g
7 g
7 K
7
5 r
5 g
C a pital S
6
5 g
5 g
6
5
4H & 6
5 g
5 g
5 g
5
5
6 cu r
6
4M g
an d Shar
7
5 flf
M A N
M A
S
M A
S
A A ()
.1 A D
,1 A
.1
M A
S
M A
S
A 1)
J
1 A
.)
A
J
J
to o k , or
A A o
M A N
A
J
J
V arious
V a riou s
A
J
,J
A A O
A A o
M A N
M A N
A
.1
J
\1 A N
J
A
,1
M A
S
on R y
J
A
P la ces W here Interest and
D ivid en d s are P a yable
M ay 1 1947
S e p t 1 1919
M ch 1 1923
O ct 1 1920
Ju n e 1 1928
July 1 1931
S ep t 1 1920
S e p t 1 1920
Jun e 1 1 9 1 6
J u ly 1 1918
Jan 1 1929
b y (c) Lease
A p r 1 1911
M ay 1 1982
J u ly 1 1918
192 8 -1 9 2 9
192 6 -1 9 2 7
J u ly 1 192 7-2 9
A p r 1 1919
O ct 1 1935
M ay 1 1946
M ay 1 1940
Jan 1 1933
M ay 1 1922
J u ly 1 1913
M ch 1 1935
J J u ly 1 1918
J P M o rg a n & C o N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
50 C h urch S t, N ew Y o r k
do
do
do
do
50 C h u rch S t, N ew
F id elity T ru st Co
50 C h u rch S t, N ew
P M organ A C o ,
do
do
do
do
do
do
do
do
do
do
do
do
Y ork
P h lla
Y ork
N Y
50 C h urch S t, N ew Y o r k
E L I Z A B E T H T O W N T E R M I N A L R R . — U n d er co n s tr u c tio n May 1910
fr o m W e s tp o r t, N . Y . , on the D elaw are & H u d so n t o E liz a b e th to w n , 8 m .
S t o c k , $80,000" par $100.
B o n d s ($ 1 5 0 ,0 0 0 a u th .) a rc s u b je c t t o call at
105 o n an d a fte r A p ril 1915.
V . 90, p. 1362.
P re s., G . VV. Jenkins,
E liz a b e th to w n , N . Y . — (V . 9 0 , p . 1362.)
E L M I R A & L A K E O NT AR IO R R . — Owns from Canandaigua. N. Y . , to
C h em u ng Jet., 64 m.; Sodus Point to St anley, 34 m.; other, 2— total, 100 m.
Leased at cost of operating to the Northern Central, which owns all the
$ 1 ,5 0 0 ,0 0 0 stock.
Lease m a y be terminated on 30 days* notice.
C a l. Y ear—
G ross.
N et.
I n t., A c .
B a lan ce.
$34 ,7 1 2
$18 5,15 8
d e f ., $150,114
190 9................................ $ 1 ,1 2 8 ,0 5 3
1 9 0 8 . . _______________ 1,0 5 5 ,1 3 9
6 6 ,897
1 9 1 ,0 3 0
d e f. 124 ,133
E L M I R A & W I L L I A M S P O R T R R . — O w ns fro m W illia m s p o rt, P a ., to
E lm ira , N . Y ., 73.4 9 m iles.
L eased to the N o rth . C en t. R y . fo r 999 years
fro m M ay 1 1863. T h e d lvs. on the c o m . s to c k are 5 % and on the pref. 7 % ,
less ta x e s, m a k in g d lv . on c o m . 4 .5 4 % an d on p re f. 6 .4 0 % . T h e $96 3,00 0
1st 6s due Ja n . 1 1910 w ere e x te n d e d to J a n . 1 1950 a t 4 % .
V . 89, p. 1667.
E A S T P E N N S Y L V A N IA R R .— O w ns R e a d in g , P a ., to A lle n to w n , P a .,
35.38 m iles; 2d tra ck , 27.17 m .; all tra ck , 8 7 .5 0 m iles. Leased fo r 999 years Cal. year 1909, gro ss, $ 1 ,7 5 8 ,7 9 8 ; n e t, $39 1 ,7 6 1 ; ren ta l, $ 1 4 9 ,2 8 0 .— (V . 89.
p . 1667.)
from M ay 1 1869 to the P h lla. & R e a d in g R R . at a rental o f 6 % per ann um
on the s to c k and Interest on the b o n d s.
Lease assum ed In 1896 b y the
E N I D O C H I L T R E E & W E S T E R N R R . — O w n s fro m D a lh a rt, T e x ., east
P h lla A R e a d . R ailw ay C o.
O f the s t o c k , $ 1 ,0 9 6 ,7 0 0 w as ow n e d b y R e a d
35 m iles. C om p le te d M arch 1910 part o f 113 m iles p r o je cte d fro m O ch iltree,
in g C o. Jun e 30 1909, $1,0 9 2 ,8 5 0 b ein g d e p o s ite d u nd er gen . m tg e . o f 1897.
T e x ., t o D a lh a rt. S to c k a u t h ., $50 0 ,0 0 0 . S to ck h o ld e rs w ere on F eb . 8
1910 to a u th . a m tg e . t o secure 3 0 -y e a r 6 % b o n d s a t n o t e x ce e d in g $15 ,000
E A S T T E N N E S S E E & W E S T E R N N ORTH C A R O L IN A R R .— A narrow p er m . V . 90, p . 447 . P r e s ., G e o . M . P e a ry ; T r e a s ., W . B . S la u g h ter.—
gau g e road from Joh n son C ity , T e n n ., to C ran berry , N . C ., 34 m .; also J o h n
(V . 90, p . 447.)
son C ity to H a m p to n , T e n n ., 15 m ., third rail.
C on trolled b y C ran berry
E R I E & P I T T S B U R G H R R . — O w ns N ew C a stle, P a ., t o G irard , P a .,
Iron A Coal C o. S to c k , $ 5 0 1 ,9 0 0 .
D iv id e n d s, 4 % paid In 1908-09; In
79.56
m iles: bran ch to Erie d o c k s , 3.41 m .; tra ck a g e to E rie, 16.74 m .; tota l
1909-10, 8 % . F or y ear en d in g Ju n e 30 1910, gross, $22 2 ,7 8 7 ; n e t, $106,379;
o p e r a te d , 99.71 m iles. L eased to P en n . R R . fo r 999 years In 1870 a t 7 %
oth er In com e, $ 5 ,8 9 3 ; ln t., ta x e s, A c ., $ 34 ,194 ; d lv s . ( 8 % ) , $39 ,3 9 6 ; b a l.,
o n s to c k an d Interest o n b o n d s, a n d lease tran sferred to P en n . C o. U n der
s u r ., $ 3 8 ,6 8 3 . P r e s ., F . P . H o w e , P h lla ., P a .— (V . 8 2 , p. 333 , 1379.)
a g reem en t o f N o v . 1 1905 the P e n n . R R . w ill p r o v id e sin k in g fu n d Install
E A S T E R N K E N T U C K Y R Y .— R iv e r to n to W e b b v llle , K y .. 36 m . S to c k ,
m ents requ ired b y the gen . m t g e ., th e E . & P . t o d e liv e r Its 3 J4% deben tu res
c o m m o n , $1 ,6 9 7 ,8 0 0 ; p referred , $1 ,7 7 9 ,5 0 0 : p a r , $100.
N o b o n d s.
Bills a t par fo r su ch a d v a n ce s an d a t m a tu r ity o f th e gen . m tg e . b o n d s to e x
p a y a b le an d car trusts June 30 1908, $ 51 ,008 .
Y e a r 1907-08, gro ss, $ 5 0 ,
ch an ge new m tg e . b o n d s th e r e fo r .
D e b e n tu re s J a n . 1 1910 $23 4 ,8 4 3 .
399; net a fte r ta x e s , $421.— (V . 90, p . 1362.)
S T O C K .— T h e sp ecial be tte rm e n t s to c k ($ 2 ,5 0 0 ,0 0 0 a u th .) Is s u b o rd in a te
t o the o ld s t o c k , b u t gu aran teed 7 % d iv id e n d s .
D iv id e n d s on o ld s to c k
E L PA SO & N O R T H E A S T E R N C O .— O w ns the E l Paso & N orth ea stern
are s u b je c t to a 4-m lll ta x o n assessed v a l ., o n sp e cia l b e tte rm e n t, t a x -fr e e .
R y ., fro m El P a so, T e x a s , n orth ea st 165 m iles, to the S alad o coal fields;
con trols and operates El P a so A R o c k Island R y ., C arrlzosa to San ta R o s a .
E A R N I N G S .— T h e p rollt t o th e lessees In 1906 w as $ 4 7 5 ,7 4 4 ; In 190 7,
128 m .; A la m a g o rd o A S a cram en to M tn. R y ., A la m a g o r d o . N . M ., to
$ 63 4,36 6; In 1908, $90 ,476 ; 1909, $ 2 3 1 ,4 4 3 .— (V . 8 4 , p . 749.)
R u ssia. 31 m .; D aw son R y ., L ib e r ty , N . M ., to D a w so n , 133 m .; to ta l, 457
E R IE R A I L R O A D . — (See M a p on a djoinin g p a ge.) — E m braces tr u n k
m iles. N am e ch anged from N ew M exico R y . & Coal C o. In 1905. O perated
from Jersey C ity , op p o site N . Y . C ity , to C h ica g o , 111., 998 m .. and
as eastern d lv ’ n o f El P a so A S o u th w ’ n C o ., lessee, the w estern d lv ’ n bein g line
bran ch es, 1,397 n i.; to ta l, 2 ,3 9 1 m .: se co n d tra ck , 895 m .; 3d an d 4th tra ck s,
the El P a so & S ou th w estern R R . , El P a so , T e x ., to B en son . A r lz ., w ith brs.
55 m iles; to ta l, all tra ck s, 3,321 m iles.
T h e El Paso A R o c k Island R y . w as In corporated In 1902 w ith $ 2 ,500,000
M ile s
L in es owned in fe e —
M iles.
Leased lin es—
stock (of w h ich 6 0 % ow n e d b y the El P a so & N orth ea stern C o .) and
P le rm o n t, N . Y . , to D u n k i r k .. 447 A v o n G en. & M t. M orris------ . . *13
$2,5 0 0 ,0 0 0 5 % gu aran teed 50-year b o n d s.
It has close tra ffic agreem ent
B u ffalo to J a m e sto w n , N . Y . _
67 M o n tgo m e ry & E rie ---------------- . . M 0
w ith C h ic. R o c k Island A P a cific fo r 999 years. V . 71, p . 1219.
*26
B u ffalo to C orn in g, N . Y _______ 140 N orthern R R . o f N . J -----------T h e D aw son R a ilw a y A Coal C o ., s to ck $ 3 ,0 0 0 ,0 0 0 , has Issued $ 3,000,000
O th er b ra n ch e s _________________
144 G oshen & D c c k e r t o w n ------------ .. *12
collateral trust b o n d s, w h ich are gu aran teed , principal and Interest, and are
R o ch e ste r & G enessce V a lle y - *18
Stock all ( a ) or nearly all ( b ) owned.
secured b y the s tock and b o n d s ($3,0 0 0 ,0 0 0 each) o f the D aw son R y ., and
.
45
aC h lcag o A Erie R R ____________ * 2 5 0 1O th er lin e s.
those o f the D aw son Fuel C o. ($1,0 0 0 ,0 0 0 e a c h ), the latter o w n in g a b o u t
a Jefferson R R . ...................... ......... *45 | Leased to N y p a n o R R .
25,000 acres o f c o a m ineral and tim b e r lands, b e in g sold In 1905 t o the N . Y . & G reen w ood Lake R R . *52| C leve. A M ahoning V a lley R R . *81
S tag C anon F u el C o
V. 73, p . 900; V . 74, p . 776; V . 8 7 , p. 1604, 1536.
bN ew Jersey & N ew Y o rk R R .
*38 ISharon R a i l w a y .......................
*32
S T O C K .— S t o c k , $ 1 2 ,0 0 0 ,0 0 0 , all o f on e class
In M ay 1905 P h elp s,
Erie & W y o m in g V a lle y R R —
59 |Other lin es.......................................
54
D o d g e A C o. Interests, It Is u n d e rs to o d , a cq u ire d en tire s to c k o f sy ste m .
a N y p a n o R R ....................................... *422 1T ra ck a g e............................................ 220
b
T
lo
g
a
R
R
..........................................
38
1
,
-----------B O N D S .— T h e N ew M exico R y . A C oal C o. co ll, trust 5s o f 1897 are
secured b y the s tock and b o n d s o f El P a so & N . E. R y . o f N ew M ex. ($ 2 . O th er lines ....................................... 157 I Lines In system Jun e 30 M 0 _____ 2,391
♦See this c o m p a n y .
IN . Y . S u sq uehann a & W e s t ___ *236
700 ,0 0 0 o f e a c h ), the s to ck o f the El Paso & N . E . R R . o f T e x a s , $300,000
H I S T O R Y .— O n D e c. 1 1895 s u cce e d e d , p e r plan In V . 61, p . 3 6 8 , the
(n o b on d s Issued), and all the s to ck ($2,500,000) and all the b o n d s ($ 1 ,5 0 0 ,
000) o f the N ew M exico Fuel C o ., the latter c o v e r in g 3,5 0 0 acres o f coal
N . Y . L ake Erie & W estern R R C o ., so ld In fo re clo su re under Its 2d c o n
la n d s. O f the flrst an d c o n so lid a te d and co ll, trust 5s o f 1901, $ 3 ,000,000
solid a ted m tge. T h e c o m p a n y holds In fee o r throu gh o w n ersh ip o f all
are reserved to retire the c o ll, trust 5s o f 1897 and $2,0 0 0 ,0 0 0 are a p p licable
o r pra ctica lly all the sto ck o f the Indepen dent co m p a n ie s the line from
fo r Im p rovem en ts and new eq u ip m e n t.
V . 74, p. 776.
N ew Y o rk to C h ica go (In cluding the N y p a n o R R . and C h ic. A Erie c o m
T h e b on d s o f the A la m a g o rd o A S a cram en to M tn. R y ., o f the El P a so A
p an ies), an d also all su bsid iary lines e x c e p t a few sm all p ro p e rtie s.
R o c k Island and those o f the D aw son R y . A Coal C o. are g u aran teed .
C O A L A N D S T E A M B O A T P R O P E R T Y .— T h e E rie coal properties re p
E A R N I N G S .— 2 m o s .,/1 9 1 0 ....................G ross, $ 1 ,1 8 7 ,0 2 3 ; n e t, $47 7,94 5
resent an aggregate o f 12,400 acres o f a n th ra cite , o f w h ich a b o u t 9,000 acres
are held In fee; also 53,000 acres o f bitu m in o u s co a l lands held In fe e , 14,000
J u ly 1 to A u g . 31. \ 1909___________G ross,
1,189,083; n e t, 493,548
Its coal ton n age In the
R E P O R T .— F o r yea r en d in g Jun e 30 1910. o f entire El P a so * S o u th acres o f b itu m in o u s held und er m ineral righ ts.
year 1909-10 a g gregated 19,1 2 8 ,7 9 0 o u t o f the 3 8 ,7 6 3 ,6 0 0 tons h au led.
w estern system (901 m iles), gross, $ 7 ,4 3 7 ,6 6 0 ; net a fte r ta xes ($ 2 5 5 ,6 0 0 ),
T h e U n ion S te a m b o a t Line (m erged In Erie R R . C o. June 30 189 6 ), has
$ 2 ,7 6 9 ,9 4 3 .
N . Y . o ffic e . 99 J o h n S t .— ( V . 81, p. 508; V . 87, p . 1605.)
term inal, A c ., p rop erties in B u ffalo and 8 lake steam ers. See V . 63, p . 514.
T h e P e n n , coa l p ro p e rtie s a cq u ire d In 1001 are a d d itio n a l.
V . 82. p . 132 2.
E L P A SO U N IO N P A S S E N G E R D E P O T .— O w ns d e p o t at El P a so , T e x .,
w h ich w as c o m p leted a b o u t N o v . 1 1905. L eased b y El P a so N orth ea stern ,
S T O C K .— T h e v o t in g trust w as d issolved M ay 1 1904. V . 7 8 , p . 1549.
E l P a so S ou th w estern , G alveston H arrisbu rg & San A n to n io (S o. P a c. S y s . ) . T h e prior Hen and the general lien b on d s o f 1895 have 10 v o te s fo r each $ 1 ,
A t c h . T o p . & S an ta F e, T e x . & P a c. and M ex. C en t, railroads on a w heelage
000 o f p rin cip a l, their a u th orized Issues a ggregatin g $ 1 7 5 ,0 0 0 ,0 0 0 , o f w h ich
basis p r o v id in g fo r m ain ten an ce and all charges. S to c k . $24 0,00 0. ow ned
$81.342 000 Issued In J u ly 1910
P rovision s o f preferred s to c k w ere In
e q u a lly b y th e six road s n a m e d . O f th e b o n d s (see table a b o v e ), $12,000
"S u p p le m e n t ” o f A pril 1897, page 3 . V . 66. p. 33 5 , 573.
m atu re Jan . 1 y e a r ly b egin n in g 1916. V . 78, p . 104; V . 81, p . 1043. P re s.,
D
I
V
I
D
E
N
D
S
(cash)
%
1
’
0
1
.
’
0
2
. ’ 03. ’ 0 4 . ’ 05. '0 6 . 1907. ’ 08. t o ’ 10
C. W . K o u n s ; S e c ., VV. R . M artin; T r e a s ., U . S. S te w a rt.— (V . 82, p. 1496.)
On flrst p re fe rr e d ___________ ) 1 ) ^ 3
3
4
4
4 A p r ., 2
0
E L O IN J O L IE T & E A S T E R N R Y .— O w n s fro m W a u k e g a n . 111., o n Lake
O n se c o n d p r e fe rre d ------------- J - -- . . . .
2
4 A p r ., 2
0
M ich ig a n , via S p a u ld in g an d J o lie t, t o P o r te r , I n d ., 129.94 m iles, and
B O N D S .— T h e new flrst co n s o lid a te d m tg e . Is fo r $17 5 ,0 0 0 ,0 0 0 (F a rm ers’
branches N orm a n tow n to A u ro r a , 9.65 m iles— W a lk e r to S ou th W ilm in g to n ,
Loan A T ru st C o ., tru stee)— see a b s tr a c t o f deed V . 62, p. 89, an d secures
III.— 33 .3 0 m iles; H a m m o n d t o W h itin g , I n d ., A c ., 16.39 m iles; R o c k d a le
$ 3 5 ,000 ,00 0 prior lien and $14 0,0 0 0 ,0 0 0 general lien b o n d s.
B o th series
J e t. to R o c k d a le , 6.57 m iles: C a van au g h t o S h ea rson , I n d ., 2.64 m .; to ta l
have v o tin g p o w e r; see “ S t o c k " a b o v e .
m ain line o w n e d , 198.49 m iles; spurs to co a l m in es, A c ., 30.52 m iles; tra ck
O f the $14 0 ,0 0 0 ,0 0 0 general lien bonds, $ 9 2 ,0 7 3 ,0 0 0 w ere reserved fo r t h e
a g e , 2 68 .29 m iles; 2d tra ck , 30.74 m .; sid e and ya rd track s o w n e d , 116.86
m .- tota l track o p e ra te d , 6 44 .190 m iles. A ls o leases C h ic. L . S . A E a st, fo r u ltim ate a cq u isitio n o f b on d s and guaran teed s to ck s left u n d istu rbed on
60 yea rs from Ju n e 1 1909 an d w ith th e U . S. Steel C o rp . gu aran tees Its various parts o f the system (see list V . 62, p. 8 9 ), and $ 17 ,000 ,00 0 w ere
reserved fo r new co n s tr u c tio n , b e tte rm e n ts, a d d itio n s , A c ., a fte r 1897,
$ 9 ,0 0 0 ,0 0 0 4 X % b on d s, p . A 1. V . 89, p . 1410. O w n ed b y F ed eral
n o t o v e r $ 1 ,0 0 0 ,0 0 0 to be used In a n y o n e ye a r
In O ct. 1910 a p p lica tio n
Steel C o. a n d so b y U . S. Steel C orp
w as g ra n te d to issue $ 1 ,0 0 0 ,0 0 0 gen . lien b on d s fo r c o a l cars; m ak in g $ 3 6 ,
S T O C K .— $10 ,0 0 0 ,0 0 0 , as Increased
fro m $6,0 0 0 ,0 0 0 In Ju n e 1909;
8 85 ,000 o u ts ta n d in g .
V . 91, p . 945.
par, $100. D lv ., 4 % y e a rly (In D e c.) In 1899 to 1909.
T h e p osition o f the flrst co n so lid a te d m o rtg age Is su b sta n tia lly as fo llo w s :
E A R N I N G S .— 2 m o s ., 11910_________ G ross, $ 1 ,4 8 5 ,8 1 7 ; n e t, $426,168
It Is a flrst lien (m o rtga ge o r co lla te ra l, the prior lien b o n d s, h o w e v e r, p re
J u ly 1 to A u g . 31. \ 1909_________ G ross,
1 ,5 6 7 ,8 4 8 ; n et. 768,863
c e d in g the general Hen bond s) u p on the c o ’ s ch ie f coal properties (e x c e p t
Y r .e n d . J u n e 30.
G ross.
N et.
Other In c.
Charges.
S u rp lu s.
P en n . Coal C o .) u p on Its w ater tra n sp orta tion lines (In clu din g va lu a b le ter
1909-10 _________ $ 9 ,3 5 2 ,3 2 5
$3,4 1 3 ,7 3 1
$74 ,456
$ 3 ,065,531
$422,856
m inal p rop erties ap p u rten an t t h e r e t o ), an d u p o n a n u m b er o f p ro fita b le
P r e s ., A . F . B a n k s .— V . 89, p . 1410.,
loca l lines In N ew Jersey an d near B u ffa lo ; It is a second lien u p o n certain
RAILWAY STOCKS AND BONDS.
OCT, 1910.]
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia t io n s , & c . . s e e n o te s o n fir s t p a g e]
M ile s
R oad
D ate
B on d s
Erie R a ilroa d — (C oncluded)—
1895
P rior lien b o n d s $35 ,0 0 0 ,0 0 0 g o ld ------------------ F .c* & r
1895
G eneral lien £ 1 4 0 .0 0 0 ,0 0 0 g o ld --------------------------- c* & r
19U1
P e n n c o ll trust M $ 3 6 ,000 ,00 0 g s f (te x t) .M e .c & r
1903
First c o n v m tge $ 5 0 ,000 ,00 0 g o ld Series A — S c * & r
1905
do
do
do
Series B ________ _
1908
C oll tr g n otes $ 1 5 ,0 0 0 ,0 0 0 red p a r _______ B a .x c *
1907
E rie & Jersey n otes secured b y E & J b o n d s. -----A v o n G eneseo & M t M orris am i R o c h e s te r & G enes pp Val ley S tc
E v a n s v ille & In d ia n a p olis— See E v a n s v ille & T erre H a u te
______
E v a n s v ille & T erre H aute— C o m m o n s t o c k -------------- - ______
P referred s to c k n o n -c u m u la tlv e (see t e x t ) ----------- Ta
144 1881
F irst c o n s o lid a te d m ortg a g e g o ld ------------------------F .c*
25 1883
M ou n t V e r n o n B ran ch m o rtg a g e g o ld ----------------F .c*
1890
. - _
S u lliva n C o C oa l B ran ch m o rtg a g e g o ld ................F .c*
199 1892
First general m ortg a g e fo r $7 ,0 0 0 ,0 0 0 g o ld ------ F e*
1905
E q u ip b o n d s Series B d u e $20 ,000 s -a ----------------- Ba
1906
do
Series C d u e $60 ,000 s-a (V 82 p 627) . Ba
54 1884
E v a n s v ille & I n d 1st M g o ld g u a r-------------------- F .c*
134 1886
C ons M ($ 2 ,5 0 0 ,0 0 0 ) g gu p & 1 (e n d ) E & T H .F .c *
___
______
Fitchburg— P referred 5 % re n ta l-----------------------------------1887
B on d s to S ta te o f M ass 4 % sin ce F e b 189 7----------- r
1890
B on d s n o t m o r tg a g e ............. ..........................- ............- c & r
____
1894
B on d s n o t m o r t g a g e ---------------------- ,— - - - - ----------c *
’95-96
B o n d s n o t m o r tg a g e ($ 1 ,3 5 9 ,0 0 0 d u e 1 9 1 5 ) . . — c*
’97-08
B o n d s n o t m o r tg a g e ($ 2 ,7 5 0 .000 are 4s o f ’ 97)
c& r
’ 00-01
B o n d s n o t m o r tg a g e ( $ 1 ,775,000 are 3 4 s o f 0 1 )c& r
1907
B o n d s n o t m ortg a g e $ 2 ,0 0 0 ,0 0 0 a u t h o r i z e d - -,c * & r
1905
B o n d s n o t m o r tg a g e $ 3.660 ,o o o c u r r e n c y -----------c& r
1908
B o n d s , n o t m o rtg a g e $ 2 ,4 0 0 ,0 0 0
- - - - - - - - --C & r
35 1874
T r o y & B oston first m o rtg a g e (V 53 p 40.>).
c& r
1891
B ro o k lin e & P ep p erell p lain b o n d s guar ( e n d ) - c
V e r m o n t & M a ssach u setts plain b o n d s g u a r------ c & i
1903
30 1907
Fitzgerald O cilla & B r o x to n — 1st M $300,000 g red 110
F l i n t * Pere M a rou ette— S e e P e r e M arn u ette statem en
59 1909
F lorid a R y — F ir s t m o r tg a g e $ 4 ,0 0 0 ,0 0 0 ..................Ca
47 H»()7
F lo rid a C e n t r a l - M tg e $200,000 g o ld (see t e x t ) ............
47 1910
T h ird m o r tg a g e ............... - — - - - - — - - - r- - -- F lo rid a C entral & P cn in su lai— See S e a b o a rd A ir L ine R y
Par
V a lu e
$1,000 $35 ,000 000
1,000 36.8S5.000
1000&C
3 4 ,000,000
1,000 &c 10.000,900
1,000 &C 11.015,000
1,000 &c 13,984,1 00
50
50
1,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
1,000 &c
1,000
1,000
1,000 &e
1,000 &e
1,000 &c
1,000 &o
1,000 &C
1,000 &c
1 ,000
1,000 &c
1,000
100
10,000
1,000
ftR ^ CcB P en n sy lv a n ia collateral b o n d s: $ 1 ,3 3 8 ,0 6 3 H o ck in g V a lle y R y .
C o 'c o m . s to c k ; $ 14 5,70 0 T e m p le Iro n C o . ca p ita l s to c k ; $10 1 ,8 4 0 L eh igh
& H u d son R iv e r R y . C o . ca p ita l s to c k ; $ 5 ,0 0 0 ,0 0 0 Interest o b lig a tio n s
a n d c o u p o n s o f E rie R R - sy s te m , p u rch ased fro m h olders d u rin g 1908-09.
In M av 1909 $ 3 ,5 2 2 ,0 0 0 o f th e rem ain der o f the aforesaid n otes w as sold
fo r c ash an d arra n g em en ts m a d e u n d er w h ich $1 ,0 2 7 ,0 0 0 fu rth e r co u p o n s
a n d in terest o b lig a tio n s m a tu rin g o n o r b e fo r e J u ly 1 1909 w ere p urchased
a n d d e p o s ite d th ereu n d e r, as w ell as $ t , 0 00 ,000 ad d itio n a l general lien
b o n d s w h ich th e c o m p a n y Is e n title d to Issue a n n u a lly fo r ad d itio n s and
b etterm en ts a n d $40 9 ,0 0 0 ca r trust ce r tific a te s . V . 8 6 , p . 8 5 6 , 917 , 1466;
V . 8 7 , p . 37: V . 8 9 , p . 108 5, 1086.
C ar Trust S eries, Gold (D en om in a tion $ 1,000 e a c h ). S ee V . 8 8 , p . 882 .
M atu re in Installm m is.
D ale.- Al
Interest.
Outstandinn
L/UK
1,000,000 D e c. ’ 1 0 -Jun e '1 4 $10 0,00 0 8.-a.
J& D
350 ,000 8.-A.
4 ,2 0 0 .0 0 0 D e c. ’ 10-June ’ 16
J& D
" I ” ............... 1905 4
4 7 .000 8.-a.
571,000 M ay ’ l l - N o v . ’ 16
M&N
” J ” _________ 1906 4
29.000 s .-a .
4 06 ,000 F e b . * 11-Feb. ’ 17
” K ’ * ________ 1907 4 4 A & O
107,000
s .-a
1,498,000
T
o
J
u
ly
1917
J
J&
...............
1907
5
“ L”
2 9 ,0 0 0 s .-a .
4 06 .000
T o J u ly 1917
J& J
” M’ • ............... 1907 5
152 ,000 s .-a .
2 .1 2 8 ,0 0 0 A p r ’ l l - O c t . ’ 17
A&O
’ ’ N ’ ' ...........- .1 9 0 7 5
50,000 8.-a.
700 ,000
T o O ct. 1917
A&O
" O " ' ..............1 9 0 7 5
233,419
T o A u g . 1912
Q .-F .
In te r e s t p a id : ” J ’ ’ an d " L ” In N ew Y o r k ; Series “ H ” a t G irard T ru st
Co
P h ila d elp h ia ; Series “ I ” a t P en n . C o . fo r Insu ran ces on L iv e s , & c .,
P h ila d elp h ia : Series “ K ” a t N a tion a l B a n k o f C o m m e ic e . N ew Y o r k ;
Series “ M " a t G irard T ru st C o ., P h ila d elp h ia ; Series “ N ” a t F irst N ation a l
B a n k , N ew Y o r k ; Series “ O ” a t C entral T ru s t C o ., N ew Y o r k .
Lon g D ock 6s. see M arch 1894 “ S u p p le m e n t.” under N . Y . L. E. & W .
F I N A N C E S .— D u rin g th e y e a r en d in g Jun e 30 1909 tjhe c o m p a n y a n
n ou n ced th a t v a rio u s co u p o n s (a ggre ga tin g a b o u t $5,uOTFOOO> w ou l
be
p u r c h a s e d on p resen ta tio n to J. P . M organ & C o. In o rd e r to le a v e the
c o m p a n y fu n d s f o r Im p rovem en ts an d a d d itio n s . C ou pon s due J u ly 1 1909.
t o a to ta l o f $ 1 ,0 0 0 ,0 0 0 w ere also p u rch a sed (V . 88 p . 162 0), an d $3,
522 000 o f th e rem ain in g $ 4 ,5 0 0 ,0 0 0 o f th e 15 m illion n o te Issue o f 1908
w as’ s o ld , secu red In p a rt b y these c o u p o n s . T h e Im p ro ve m e n t in th e finan
cial o u tlo o k has led th e m an a ge m e n t t o a b a n d o n , at least fo r th e p resen t,
th e Issuance o f a n y o f th e $ 3 0 , 000,000 b o n d s w h ich w ere t o be used to take
u p th e a foresaid n o te Issue an d t o fu n d th e $ 1 1 ,3 8 0 ,0 0 0 co u p o n s m atu rin g
o n th e p r io r lien b o n d s a n d general lien b o n d s d u rin g the five years e n d in g
Jun e 30 1914, an d It Is e x p e c te d th a t In fu tu re these c o u p o n s w ill be p a id ,
n o t m erely p u rch a sed . V . 89, p . 1086; V . 8 7 , p . 1245; V . 88, p . 504, 853,
882 , 1061, 1127.
B ergen H ill c u t w as o p e n e d Jun e 12 1910; also c u t-o ff
fro m H u n ts t o C u b a , N . Y . , 30 m iles, In J u ly 1910. V . 90, p . 1613.
E A R N I N G S .— 2 m o s ., ( 1 9 1 0 _______ G ross, $ 1 0 ,0 0 3 ,7 8 0 ; n et, $3,185,724
J u ly 1 to A u g . 31.
119 09_______ G ross,
8 ,8 3 9 ,2 8 3 ; n e t, 2,404,095
A N N U A L R E P O R T .— F iscal y e a r ends Ju n e 3 0 . R e p o r t fo r 1909-10
g iv e n a t len gth In V . 9 1 , p . 102 0, 1029; e d ito ria l, p . 1066.
K
1909-10.
1908-09.
1907-08.
M iles o p e r a t e d __________________________
2,227
2,231
2,171
G ross ea rn in gs__________________________ $ 5 4 ,8 6 6 ,1 9 0 $ 5 0 ,441 ,16 2 $49,784 ,23 6
W o r k in g ex p e n s e s ______________________ 3 9 ,1 0 0 ,3 3 2
3 6 ,9 0 4 ,2 8 5 41 ,0 3 1 ,6 9 6
$8,75 2 ,5 4 0
$66 4,29 0
2,252,208
T o t a l n et in c o m e ................................ --$ 2 0 ,0 9 9 ,8 7 8 $ 1 6 ,8 1 2 ,8 7 9 $ 11 ,669 ,03 8
R ate
%
4
4
4
4
4
6
g
g
g
g
g
g
W hen
P a y a b le
J
J
F
A
A
A
&
j
&
j
& A
& O
& O
& 08
L a st D ivid en d
and M a tu r ity
Jan
Jan
Feb
Apr
Apr
Apr
D o
1 1996
11996
1 1951
1 1953
1 1953
8 1911
1 1910
P laces W here In terest a n d
D ivid en d s are P a ya b le
N ew Y o r k a n d L o n d o n
50 C h urch S t, N ew Y o r k
do
do
do
do
ck s— See those C o m p anles
m in or coal p rop erties an d u p on the railroads leading to all the coal p ro p e r
ties u p o n tn e term in als at J ersey C ity , u p on the B u ffalo N . Y . & Erie R R .
(th e m ain line t o B u ffa lo ), an d the B u ffalo term inal properties o th e r than
th ose u p o n w h ich It Is a first lien , and u p o n th e en tire line fro m Salam an ca
to C h ica g o : It Is a second consolidated mortgage u p o n the lines betw een P lerm o n t a n d D u n k irk (447 m ile s ).
T h e collateral trust 4s o f 1901 are secured b y 5 1 % o f the en tire N . Y .
Susq & W estern stock ($26 ,0 0 0 ,0 0 0 total Issue), all o f the P en n sylva n ia
Coal C o s t o c k , and the sto ck o f the E rie & W y o m in g V a lle y R R . , S cra n to n ,
P a ., to L a ck a w a x e n . 65 m iles, and D elaw are V a lle y & K in gston R R .
A
sin k , fu n d o f 10c. per ton o f coal sold purchases b o n d s at n o t e x ce e d in g 105,
oth erw ise to be a p p lied t o the d raw in g o f b o n d s b y lo t, all such b o n d s to be
kept a liv e and th e accru in g Int. thereon t o be a d d e d t o the sinking fu n d ,
w h ich It Is estim a te d , w ill be su fficie n t t o retire the w h o le Issue at o r b e fo re
m a tu r ity . V . 71, p. 1219, 1311: V . 7 2 , p. 4 4 . and circu lar, p. 136, 5 3 2 ,2 5 7 ;
V . 7 9 . p. 212.
In 1901-10 $3 ,8 6 2 ,0 0 0 Inclu ded a b o v e as o u tsta n d in g w as
p urchased b y th e sinking fu n d.
T h e c o n v . 4s o f 1903 ($ 5 0 ,9 0 0 ,0 0 0 a u th orize,. Issue) will be Issued from
tim e t o tim e as req u ired and m a y be m ade co n v e r tib le in to c o m . s to c k at a
price t o be Oxed w h en th e b o n d s are Issued, b u t n o t less than $415-5 per
share- th e y w ill c o v e r all the c o m p a n y ’ s p r o p e r ty s u b je c t t o u n d e rlyin g liens.
T h e first $ 1 0 ,0 0 0 ,0 0 0 (series A ) Issued fo r Im p ro v e m e n ts and e q u ip m e n t Is
co n v e r tib le on basis o f $100 b o n d s fo r $200 sto ck to A p ril 1 1915.
Series B b on d s for $ 1 2 ,0 0 0 ,0 0 0 are c o n v e r tib le Into c o m m o n s to c k at
$60 per share at a n y tim e sin ce O c t. 1 1907 an d be fo re O ct. 1 1917. V . 7 6 ,
n 382 541: V 7 8 , n 7 6 8 ' V . 70, p. 2205: V. 84. n. 270.
T h e Erie & Jersey R R . , w ith $ 6 0 0,00 0 a u th . s to c k , c o m p le te d In Ja n . 1909
a low -g ra d e c u t-o ff fro m H igh lan d M ills, v ia C a m p bell H all, t o G u y m a rd ,
N . Y . , a b o u t 40 m iles. In Jun e 1907 $ 3 ,0 0 0 ,0 0 0 3 -y e a r Erie & J ersey 6 %
notes w ere s o ld , secu red b y $4,00 0 ,0 0 0 E . & J . b o n d s (au th . Issue $ 1 0 ,0 0 0 ,
000 1st 50-year 4 s ).
V . 80, p . 2621: V . 84, p. 693, 1366: V . 8 7 , p . 1160.
In Jun e 1907 the G enesee R iv e r R R w as au th orized to m ake $ 6 .000 ,non
m o r tg a g e c o v e r in g road fro m H u n ts t o C u ba, N . Y . , 30 m iles, c o m p le te d
J u ly 1910. A loan o f $ 2 ,0 0 0 ,0 0 0 d u e 1910 w as o b ta in e d , secu red b y Its b o n d s.
V . '8 4 , p . 1366. 1488: V . 81, p . 777.
_
T h e Issue o f $10 ,5 0 0 ,0 0 0 o f th e 6 % 3 -y e a r co lla te ra l g o ld n otes a u th o rize d
In 1908 (o f w h ich $ 38 ,000 w ere la te r re tire d b y th e sale o f p a rt o f th e co lla t-
N et ea rn in g s_______________
$15 ,7 6 5 ,8 5 8 $13 ,5 3 6 ,8 7 6
In teres t on s e c u r itie s ________________f $ 3 ,5 2 7 ,0 9 1 / $2,537,451
R e n ts . &C., r e c e iv e d _________________ J
8 0 6 ,9 2 9 /
738 ,552
A m oun t
O utstanding
N ov 1 1910 5%
3 ,9 8 7 ,3 8 3 5 In 1910 Y e a rly
1,28 3 ,3 3 3 5 In t910 A & O O ct 15 1910 2 4
&
J
J J u ly 1 1921
3 ,0 0 0 ,0 0 0
6 g
A & O A p r 1 1923
375,000
6 g
A & O A p r 1 1930
450,000
5 g
A & O A p r 1 1942
3 ,1 45,000
5 g
& A F e b '1 1 -F e b ’ 15
180,000
44 g F
6 60 ,000
4 4 g F & A F e b ’ 1 1 -F e b ’ 16
647 ,000
&
J
J J u ly 1 1924
0 g
1.85 3 .0 0 0
& J Jan 1 1926
J
6 g
5
.See t e x t .
a — T O ct 1 ’10 1 H %
5,00 0 ,0 0 0
4
M & N Feb 1 1937
4
& D June 1 1920
500,000
J
500,000
M & N M ay 1 1914
44
1 ,8 59,000
4
V a rio u s 1915 and 1916
4 ,2 00,000
4
V a rio u s 192 7-1 928
2,275,000
34
A & O O ct 1 1920-21
2 ,0 00,000
4
A & O A p r 1 1927
4
3,660,000
M & N M ay 1 1925
M & N M ay 1 1928
2 ,4 0 0 ,0 0 0
44
573,000
7
J
&
J J u ly 1 1924
100,000
& D D ec 1 1911
5
J
772,000
M & N M ay 1 1923
34
150,000
&
J
J J u ly 1 1937
6 g
C h eck s m ailed
C h eck s m ailed
B a n kers’ T r u s t C o N Y
do
do
do
do
do
do
B lair & C o N ew Y o r k
do
do
B a n k ers’ T r u s t C o N Y
do
do
O ffic e , B o sto n & M e B ost
O ffice F lt c h b u r g R R .B o s t
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O w n e d b y A tl B & C ’stC o
See text
200 ,000
300 ,000
Bank
5
6 g
6
J
M
A
&
&
&
J J u ly 1 1959
N N o v i m in 14
o A p r 1 1940
f T b o m a sv ll lp Ga
1909-10.
In terest o n b o n d s _____________________ $9,714,161
In terest on colla tera l n o t e s ___________
R e n ta ls o f leased lin e s________________
H ire o f e q u lp ’ t an d Joint fa c ilitie s . .
In terest o n ca r tr u s ts --------------------------P en n . C oal C o . sink, fu n d an d m l s c . .
A d d ltlo n s a n d Im p ro v e m e n ts ------------B a la n ce, surplus o r d e fic it ______sur. $ 5 ,0 6 9 ,4 5 6 sr .* $ 2 5 6 5 7 1 7 d f.S 2 1 9 9 ,2 2 6
* In a d d itio n t o $ 1 ,1 9 9 ,6 4 6 In com e fr o m d iv id e n d s o n s to ck s o w n e d o r
c o n tr o lle d , $ 9 4 5 ,0 0 0 , w as re c e iv e d fro m earnings o f c o a l c o m p a n ie s in p a y
m e n t o f a d v a n ce s w ith In terest. T h e prin cip a l o f this d e b t w as c r e d ite d
to c a p ita l a c c o u n t a n d the in te re st to p ro fit a n d loss.
O F F I C E R S .— P re s ., F . D . U n d e r w o o d ; V .- P . an d G en. S o licito r , G . F .
B ro w n e ll; V .- P ., G . A . R ic h a r d s o n ; S e c ., D a v id B osn ian ; T r e a s ., D . W .
B Ig o n e y ; A u d ., C. P . C ra w ford , 50 C hurch S t ., N ew Y o r k .
D I R E C T O R S .— Chas. S te e le . J . J. G o o d w in . J o h n G . M cC u llou g h ,
O gden M ills, F . D . U n d e rw o o d , G . A . R ic h a r d s o n , F ran cis L y n d e S te ts o n ,
G eo. F . B a k er, N o rm a n B . R e a m , Charles A . P e a b o d y , E . I I . G a ry , G eo.
W . P erkins, R . S. L o v e t t , L . F . L o rce , W m . P . H a m ilt o n .— (V . 89, p .
1410; V . 90, p . 303, 1362, 1425, 1613; V . 91, p. 3 9 3 , 915, 1 02 0, 102 9.)
E V A N S V IL L E & I N D I A N A P O L IS R R .— O w ns E v a n sv ille to T erre
H au te. I n d ., (via W o rth in g to n ) 134 tn.: leases b r a n c h , 12 m . A c o n s o lid a
tio n In 1885. O f th e co n so ls, $64 7,00 0 are h e ld t o m eet ls ts d u e 1924. T h e
con sols a n d th e b o n d s o f 1924 are gu aran teeu b y E v a n s. & T e rre H a u te ,
w h ich ow n s ca p ita l s t o c k , $ 2 ,0 0 0 ,0 0 0 . C o m p a n y ow n s n o e q u ip m e n t.
In 1906-07 (latest re tu rn ), gross, $ 1 3 9 ,3 5 6 : n et, $1 2 8 ,6 1 7 ; In t., ta x e s, & c .,
$ 1 9 5 ,5 5 3 : b a l., d e ficit, fo r y e a r, $ 6 6 ,9 3 6 .— (V . 89, p . 103, 410 .)
E V A N S V IL L E & T E R R E H A U T E R R .— (See M a p s St. L o u is & S . F . ) —
Road owned and operated. M ile s I Controlled and operated. M ile s .
E v a n sville to T erre H a u te ............... 109 |E v an sville & In d ia n a p o lis, E v B ran ch es to M t. V e rn o n , & c _____ 5 0 1 ansvllle to T erre H au te v ia
E v a n sville B elt (sto ck h e ld )____
5 1 W o r th in g to n , & c _______________146
T o ta l In e a r n in g s .-------------------------------------- --------------------------------------------------310
Leased t o o th e r com p a n ie s R o c k v ille e x te n s io n ___________________ _______ 23
C ld c. & E a st. Illin ois ow n s $ 3 ,1 8 6 ,4 5 0 o f th e c o m . s t o c k . V . 8 1 , p. 1 24 2.
D I V S .— '94 95. ’ 96. ’ 97. ’ 9 8 . ’ 99. ’ 00. ’ 01. ’ 0 2 -'0 5 . ’ 06 to ’ 0 9 . 1910.
C om __% - .
. . . . . . . .
2
3
l 4
N one.
4 y e a r ly
5
P r e f. _ % . . . .
1
1
2 4H 5
5
5 y e a r ly 5 y e a r ly
5
O n prejerred 5 % d e cla re d , 2 4 % p a id O c t . 15 1910 a n d 2 4 % A p ril 15 ’ l l .
B O N D S , G U A R A N T IE S , & c.— E v a n sv ille & In d ia n a p o lis b o n d s a r e
gu aran teed . See th a t c o m p a n y .
G eneral m o rtg a g e 5s fo r $ 3 ,8 5 5 ,0 0 0 a ro
held In tru st t o retire th e p rior b o n d s an d c a r trusts a t m a tu r ity .
E A R N I N G S .— 12 m o s .. (1 9 0 0 -1 0 ..........G ross, $ 2 ,4 7 1 ,1 7 5 ; n e t, $ 94 8,23 0
J u ly 1 to Jun e 30.
/1 9 0 8 -0 9 .......... G ross, 2 ,0 9 3 ,0 9 7 ; n e t, 7 7 2 ,U32
R E P O R T .— F o r 1908-09 In V . 8 9 , p . 1220. R esu lts in clu d e E v . & I n d ,
Year ending J u n e 30—
1908-09.
1907-08.
In c . or D e c .
$2 ,0 9 3 ,9 9 7
$ 2 ,204,069 — $11 0,07 2
O p eratin g r e v e n u e ______________
O peratin g in c o m e a fte r t a x e s .................
661,891
710,068
— 4 8 ,1 7 7
T o ta l n e t in c o m e .......... ...............................
777,874
9 91 ,160
— 2 13 ,286
In terest an d re n ta ls.......... ..........................
602 ,758
592,048
+ 1 0 ,7 1 0
D ividen d o n preferred ( 5 % ) -----------------61,197
6 1,197
---------D iv id e n d o n c o m m o n ( 4 % ) ____________
159 ,326
159,326
..............
B a l a n c e . . - ................................................d c f. $45 ,407 sur. $178,589 — $223,990
C h airm an E x e c. C o m m .. B . F . Y o a k u m , N . Y . ; P re s., B . L . W In ch ell;
V Ice -P re s.. C. W . H illa rd . N . Y .: S e c. & T r e a s ., G ilb e rt S . W r ig h t. E v a n s
v ille . I n d .— (V . 8 7 , p. 1155, 1220: V . 91, p. 054.)
F IT C H B U R G R R .— S y ste m e x te n d s fro m B o sto n , M ass., t o T r o y and
R o tte r d a m , N . Y ., 251 m iles: bran ch es to W o rce ste r, B ellow s I-alls, & o.,
207 m .; 458 tn. In all. o f w h ich 59 m . (F itc h b u r g to G reenfield) leased from
V e rm o n t & M ass, a n d 5 m . o th e r c o s .; se c o n d tra ck 199 m . V . 8 4 , p. 1 36 6.
L E A S E .— Leased fo r 99 years fro m J u ly 1 1900 to B o sto n & M aine for 5 %
on pref. an d 1 % on c o m . s t o c k , p a y a b le q u a rte rly (Jan . 1, & c .), orga n iza
tion exp en ses, Interest o n b o n d s, ta x e s, e xpen ses o f m ain ten an ce, & c. T h e
B oston & M aine h olds $ 5 ,4 5 1 ,4 0 0 o f the $7 ,0 0 0 ,0 0 0 c o m . s to c k , p u rch ased
w ith pro ce e d s o f its 3 % b o n d s a t 90, the rem ain der bein g In the treasu ry.
V. 70 d . 7 6 . 125, 176. 583. 1291: V . 71 , p. 29, 543: V. 72. p . 532.
B O N D S , & c.— D e b e n tu re s , sec V . 60, p . 967; V . 84, p. 158, 270 . O n
J a n . 12 1910 555 0 ,0 0 0 p re f. s to c k w as s o ld . T h e s to ck h o ld e rs on S e p t. 28
1910 a u th . $ 4 00 , 00 0 a d d lt lo n a lp r e f.s t o c k fo r Im p rovem en ts and a d d ition s
T h is w ill Increase th e a m o u n t o u ts ta n d in g , w hen issu ed, t o $ 1 8 ,8 6 0 ,0 0 0 .
V . 91, p . 716: V . 89, p . 7 7 8 , 1542; V . 90, p. 10Q, 167.— (V . 91, p. 716, 870 .)
F I T Z G E R A L D O C IL L A & B R O X T O N R R .— O w ns B ro x to n to O cilla.
G a. 25 m iles, w ith b ra n ch to F itzgerald . 5 m .; leases O cilla to Irw ln vllle,
10 m . V . 8 4 , p . 1 55 1. S t o c k , $30 0,00 0, all ou tsta n d in g : p a r . $ 1 0 0 .
o f w h ic h th re e -fo u rth s , to g e th e r w ith all the $ 15 0,00 0 o u tsta n d in g b o n d s,
are o w n e d b y the A tla n ta B lrm . & C oast C o ., th e co n s tru ctio n c o m p a n y o f
the A tlan ta B lrm . & A tla n tic R R .
V . 80, p . 41.
In M a y 1009 a general p r o t e c tiv e c o m m itte e fo r securities o f th e A . B . &
A tl. re q u e ste d d e p o sits o f b o t h s to c k an d b o n d s.
V . 8 8 , p. 1196.
Y e a r e n d in g Ju n e 30 1910, gross, $50,031; o p . d e f., $2,269; int o n b o n d s,
$7,980; b a l., d e f .. $10 ,2 4 9 .
V . 8 5 , p . 468.
P res, and G en. M gr., H . C .
M cF a d d e n ; S ec. an d T r e a s ., C. B . G w y n .— ( V . 88, p. 1196; V . 8 0 , p. 41.)
F L O R I D A R Y .— P e rry to L iv e O a k . F la ., 52 m iles, w ith bra n ch e s. 7 m .
A u th o riz e d to b u ild fro m T allah assee t o F e rn a n dln a a n d J a ck s o n v ille , 224
m iles. C o n tra cts w ere r e p o r te d let In M arch 1910 fo r e x te n sio n fro m L iv e
O ak t o J a ck s o n v ille an d F ern a n d ln a , 104 m iles. S to c k a u th o r iz e d , $ 4 ,
000 y e a r ly ; A . L. B ro o k s, tru stee.
In A p ril 1910 m ade 3 d M . fo r $30 0,00 0.
V . 90, p . 1170. L o a n s and bills p a y a b le Ju n e 30 1910, $ o 4 ,9 2 0 .
V . 83,
p. 1339.
F o r y ear e n d in g Ju n e 30 1010, gross, $ 6 4 ,9 0 3 ; n et, $ 3 4 ,2 0 o ;
in t ., ta x e s . A c . , $43 ,7 6 9 ; d e f., $ 9 ,5 6 4 . P r e s ., J . L . P h ilip s .— (V . 9 0 .
p . 1170.)
R A IL R O A D C O M P A N IE S
[F o r a b b r e v i a t io n s , A c . , se e n o te s o n f i r s t p a g e ]
Florida East C o a s t — 1st M $12,000,000 g o ld B a . x c * r *
General In com e M 5 % n o n -cu m $25,000,000.
Florida W e s t Shore— See S e a b o a rd A ir L in e .
F o n d a J o h n sto w n & G lo v e rsv ille — C on s M $ 5 0 0 ,0 0 0 .c
F irst con sol refu n d in g m tge $700,000 g o l d ------ N .c*
G eneral refu n d m tge $ 1,500,000 (V 71 p 3 4 ) . . N .c*
J oh n stow n G Sc K ln g sb o ro first m o rtg a g e a s s u m e d .
C a y a d u tta E lec 1 st M gu ar p Sc 1 b y F J Sc G g o l d - . N
F irst con s gen ref M $ 7 , 000,000 g red 1 2 0 .. . N .c* & r
F t D D e s M & S o — lstM $ 3 ,5 0 0 ,0 0 0 g red 1 0 5 (tc x t)O B
R e fu n d in g m tge $ 6,500,000 g o ld red par ( t e x t ) . - AB
F o rt Sm ith & W e ste rn — 1st M $7,500,000 g o l d - - M e .c *
F o rt W a y n e & J a c k so n — P referred s to c k 5
% rental
F t W o rth & D e n ve r C it y — P r e f s to c k “ s ta m p c e r ts ” 4s
F irst m ortg a g e g o ld $18 ,000 p er m ile_________ M e .c*
E q u ip tru st certs gu a r d u e $30,000 s-a re d e e m 101. do
d o Series 13 d u e $ 1 9 ,0 0 0 s-a redeem 101 G
G a in e sv ille M id la n d — F irst M $ 1 ,000,000 g red j
G alv H ou s Sc N o r first m tge (o w n e d b y S o u th P a e ) .
N V T e x Sc M cx 1st M g o ld $ o r £ gu a r b y S o P „ F . c *
do
do
do
n o t g u a r a n te e d ___
N ew m o rtg a g e, $1 0 ,0 0 0 ,0 0 0 to be a u th ___________
G a lv eston H ou s ton 6c fie n d o f 1882 — First M . A l e .
G a l v e s t o n T e r m i n a l — 1st M $ 5 ,0 0 0 ,0 0 0 au th gu (te x t)
O a r d e n C i t y G u l f & N o r — 1st M g o ld $15,000 per m ile
G enesee 6c W y o m in g R R — First \l u Id $500,000 -----K
G en ev a C orn in g &
M ile s
R oad
D a te
B onds
619
---
1909
1909
26
26
26
4
14
75
163
163
1881
1897
1900
1893
1892
1902
1907
1007
1904
____
____
1881
1906
1907
1905
•71-80
1881
1900
1882
1882
1910
1883
1908
1909
1899
98
454
74
256
671
56
91
91
50
16
Par
V a lu e
Am ount
O u ts ta n d in g
75
G e o rg ia & A la b a m a — G eorg ia C arolina & N o rth e rn —
G e o r g i a C o a s t & P i e d m o n t — First M g $1,000,000 . . G
See Si
85
C on solid a ted m ortg age $3,560,000 g o ld ................. _Cc
& F l a — M lllen & .South 1st M $80 0,00 0 g — K
G eorgia Sc F lorid a m ortg a ge $12 ,0 0 0 ,0 0 0 g o l d ------ c"
G e o r g i a F l o r i d a & A l a b a m a — First m o rtg a ge g - - M a c *
G e o r g i a M i d l a n d R y — First M gold $ 1 ,6 5 0 ,0 0 0 In'
G e o r g i a P a c i f i c — See S ou th e rn R y ______________
53
284
T ext
98
O corgia
100 &c
1,000
1,000
1,000
1,000
1 ,000
1,000
100 Sec
1,000
100
100
1,000
1.000
1 ,000
1 ,000
1,000
£ or $
£ or $
1 .000
1,000
1 ,000
1885
1,000
1909 l.O O O .& c
aboard A ir Line
1906
1 .000
1907
1905
1 ,000
1907
500 &c
1904
1,000
1,000
1896
F L O R I D A C E N T R A L R R . — O w ns T h o m a sv llle , G a ., so u th th rou gh
tim b e r lands to F a n lcw , F la ., 47 m iles; co m p le te d 1908. C o n tro lle d b y
J . L . P h ilips C o. S t o c k , $50 ,0 0 0 ; p ar, $100.
B o n d s o f 1907 m atu re $40 ,
000 yearly; A . L B r o o k s , tru stee.
In A p ril 1910 m ad e 3d M . fo r $ 3 0 0 ,0 0 0 .
V . 90, p. 1170.
L oa n s and bills p a y a b le , Ju n e 30 1910, 5 5 4 ,9 2 0 .
V . 85,
p . 1339.
F or year en d in g Ju n e 30 1910, gross, $64 ,9 0 3 ; n e t, $34 ,2 0 5 ; ln t.,
ta x e s , & c., $ 43 ,769 ; d e f ., $ 9 ,5 6 4 .
P re s., J . L . P h ilip s .— ( V . 90, p . 1170.)
F L O R I D A E A S T C O A S T R Y .— (.S ee M a p . ) — J a c k s o n v ille , F la ., v ia S t.
A u gustine to K n ig h t ’s K e y , 477 m .; bran ch es, 97 m iles; t o ta l, 574 m . C o m
p le te d to M iam i in 1895 an d has since been In successful o p e r a tio n .
Is
u n d er co n s tr u c tio n fro m K n ig h t’s K e y so u th w a rd to K e y W e s t, 45 m iles,
a n d w ill b e c o m p le te d In 1910, fo rm in g th e o n ly c o n n e c tio n to Sou th ern
a n d Eastern F lorid a an d th en ce to C u ba fo r th e A tla n tic C oast L in e , S o u th
ern R y . an d S ea b oa rd Air L in e. T h e p ro p o se d car fe rr y b e tw e e n K e y
W e s t and C u ba (90 m iles) w ill p e rm it rapid th ro u gh serv ice In p la ce o f
tra n ssh ip m en t an d a lo n g o ce a n v o y a g e .
S t o c k . — $ 5 ,0 0 0 ,0 0 0 , o f w h ich $ 3 ,0 0 0 ,0 0 0 sold a t par an d $ 2 ,0 0 0 ,0 0 0 a d
d itio n a l su bscrib ed fo r a t par, Is p a y a b le as requ ired fo r c o n s tr u c tio n d u rin g
1911. C on trolled b y H en ry M . Flagler.
B o n d s , A c . — T h e 1st M . 4 H s ($ 1 2 ,0 0 0 ,0 0 0 a u t h ., $ 10 ,000 ,00 0 sold In
June 1909— V . 8 8 , p . 1620) are a first Hen on 619 m iles a t $16 ,150 a m ile ,
tncL , e q u ip m en t: c o s t In cash rep o rte d as $59 ,774 per m ile.
F o llo w e d b y
$2 0 ,0 0 0 ,0 0 0 2nd m tg e . Incom e b o n d s an d $ 5 ,0 0 0 ,0 0 0 sto ck .
D iv id en d o n In com es, 3 3 3 % , p aid N o v . 1 1910.
V . 91, p . 589.
E A R N I N G S .— 12 m o s ., (1 9 0 9 -1 0 ____ G ross, $ 3 ,6 8 7 ,4 3 4 ; n e t, $1,4 8 1 ,6 2 1
J u ly 1 to June 30.
1 1 9 08-09____ G ross, 3 ,3 7 3 ,5 5 4 ; n e t, 1 ,2 1 0 ,3 3 7
G r o s s E a r n i n g s f o r F i s c a l Y e a r s e n d i n g J u n e 30.
1910.
1909.
1908.
1907.
1906.
$ 3 ,6 8 7 ,4 3 4
$3,3 7 3 ,5 5 4
$ 3 ,0 0 8 ,3 4 6
$2,956,282
$2,4 7 1 ,1 5 2
Stated In 1910 t o be earn in g 2.82 tim es fixed ln t. ch arges, so m e 6 0 % o f
Us earnings b ein g fro m fre ig h t.
Pres, a n d G en. M g r., J . R . P a r r o t t .—
( V . 90, p . 1362; V . 91, p . 589.)
F O N D A J O H N S T O W N & G L O V E R S V I L L E R R . — O w ns F o n d a to
N orth v llle (s te a m ), 25 47 m ;; G lo v e rsv ille to S c h e n e c ta d y (e le c tr ic ), 32 .2 6
in .; G loversville to F on d a (e le c tr ic ), 8 .7 0 m .; A m ste rd a m to H agam an
( e le c t r ic ) ,3 86 m .; B elt line In G lo v e rsv ille (e le c t r ic ), 3 81 m .; se co n d track
( e le c t r ic ), 21.01 m iles. O perates und er lease bra n ch line B road alb ln J e t.
to B roa d a lb ln . 6 .1 5 m . (s te a m ): also lo ca l line G loversville to Joh n sto w n
(e le c t r ic ) , 4.0 8 m .; sidin gs an d tu rn o u ts, 12.16 m .; t o t a l,96.52 m iles o f road
(117 53 miles of t r a c k ), of w h ich 96 .8 7 on p riv a te right o f w a y an d 20 66
m iles on street and h igh w a ys. S t o c k , c o m ., $2,50 0 ,0 0 0 ; pref.’ , 6 % c u m .,
$ 1 , 0 0 0 , 00 0 , s u b je c t t o call a t 105. au th o riz e d F e b . 1909. o f w h ich $50 0,00 0
sold A p ril 1909. V . 8 8 , p. 883 . D iv id e n d s o n p r e f., 1 33 % qu a rte rly Jun e
1909 to S ep t. 1910 Incl. (Q .-M 15). O n c o m m o n first d l v ., 2 % , paid J u ly
20 1910. P a r of all s t o c k , $100.
O w ns entire $ 1 0 5 ,oou s tock o f Coal C o . o f F u lto n C o . and s to c k o f E d ison
E lectric L igh t Sc P ow er C o.
(V . 71, p. 1167.)
V . 78, p. 29.
A lso a tw othirds Interest In stock an d b o n d s o f A d iro n d a ck Lakes T ra ctio n C o .. 4 m ill's.
B O N D S .— C on sol. 4 33s, $ 7 ,0 0 0 ,0 0 0 a u th .; $ 1 ,8 5 0 ,0 0 0 Is reserved to re
tire prior Hens.
V. 76, p . 265.
In J u ly 1910 a p p lic a tio n w as m a d e to Is
su e $463,000 c o n s ols, fo r Im p rovem en ts, m ak in g $5,150,000. o u ts ta n d in g .
V. 91, p. 336.
G uarantees $30 ,000 G lo v . Sc B road alb ln 5s an d $50 ,0 0 0
J o h n s. G lov . Sc K . Ilo r s e R R . 6 s and $50 ,000 8 % sto c k .
L A T E S T E A R N I N G S .— / 1 9 1 0 _________ G ross, $ 19 3,14 9; net, $11 3,09 9
170,961; n e t,
101,412
2 m o s ., J u ly 1 to A u g . 31.1 190 9.............- -G r o s s ,
R E P O R T .— For year ending June 30 1910, gross, $904,751; net, $483 ,
229; other Inc., $24,086; charges, $390,011; pref. dlv. ( 6 % ), $30,000; com.
d lv . ( 2 % ) , $50,000; b a l„ surp., $3.7,174.— (V . 88, p. 1499; V . 91, p. 38, 870.)
F O R T D O D G E D E S AlO IN ES & S O U T H E R N R R . — O w ns o r co n tro ls
road from Des M oines, l a ., to F ort D o d g e and e x te n sio n s to R o c k w e ll C ity
and N ew ton , w ith 7-m lle bra n ch to A m es and loca l lines In F o rt D od ge and
A m es, all e q u ip p ed for steam s e rv ice , and the m ain line betw een D es M oines
and F o rt D od ge, w ith bran ch to A m es, a total o f 90 m iles, also w ith e lectric
p o w e r for passenger s erv ice . V . 85, p. 98, 1209; V . 87, p. 1420; V . 8 8 , p .1 0 1 .
On .Tunc 6 1910 P resident H o m e r L o rln g and P a rle y Sheldon o f A m es, l a .,
w ere a p p o in te d receivers. V . 90, p. 1554.
S T O C K .— C om m on s to c k a u th o riz e d , $ 5 ,5 0 0 ,0 0 0 ; o u ts ta n d in g , $ 2 ,0 0 0 ,
000 ; p r e f., 5 % n o n -c u m ., $ 1 , 200 , 0 0 0 , all Issued. T h e b o n d s c o v e r 3,218
acres coal lands.
V . 8 5 , p . 98; V . 87, p . 1420.
C ou pon s a r c In d e fa u lt.
Y e a r en d in g Jun e 30 1909, gross, $ 34 2,67 2; n e t, $ 1 2 3 ,5 6 2 .— (V . 87,
p . 1420; V . 89, p . 162; V . 90, p. 1554.)
F O R T S M I T H & W E S T E R N R R . — O perates F o rt S m ith , A r k ., to G u th
rie, O . T ., 216 m iles, o f w h ich Coal C reek, I. T . , to G u th rie, 196 m . Is
o w n e d and F t. S m ith to Coal C reek, 20 m .. Is K ansas C ity Sou th ern tr a c k
a ge, to be replaced b y c o m p a n y ’ s o w n r o a d .
Coal properties are d e v e lo p e d
at M cC u rta ln . I. T . , 40 m . w est o f F o rt S m ith , p ro d u c in g an average of
3 0 ,0 0 0 tons per m o n th . O w ns 5 1 % o f th e c a p ita l s to c k o f the S t.L o u is El
R e n o & W e s t. R y ., G uthrie to El R e n o , O . T . , 42 m ., o p e r. In d e p e n d e n tly .
S to c k , $ 5 ,0 0 0 , 0 0 0 , an o u ts ta n d in g par $ lu o .
Of m e -is of lima t S /.u o o ,
000 a u t h .), $ 5 ,8 3 3 ,0 0 0 w ere Issued In e x ch a n g e fo r $ 5 ,0 0 0 ,0 0 0 old 5s
$ 400,000 are reserved to rep lace the 20 m iles o f trackage m en tion ed a b o v e ,
$ 4 0 0,00 0 fo r eq u ip m en t anti th e ba la n ce fo r o th e r p u rp o se s.
E q u ip m e n t
trust n otes o u tsta n d in g Ju n e 30 1908. $ 4 5 9 ,0 6 0 .
V . 77. o . 8 8 .
E A R N I N G S .— 2 m o s ., (1 9 1 0 ---------------------- G ross $11 0,43 8- n e t, $14,056
J u ly 1 to A u g . 31.
\ 1909---------------------- G ross, 107,501; n e t,
3,844
F o r year en d in g J u n e 30 1910, gro ss, $ 6 6 3 ,0 8 5 ; n e t, $76 ,1 1 9 .
In 1908-09,
gross, $ 04 1,44 8; n et, $ 2 0 ,3 7 0 ;
In 1907-08, gross, $64 7,95 7; n e t. $ 87 ,908 ;
o th e r Incom e, $7 2 ,9 9 1 ; ln t ., ta x e s, & c.. $31 4 ,1 4 4 : b a l., d e f., $15 2 ,2 4 5 .
P resid en t, A . C. D u stin , C le ve la n d , O .— (V . 83, .p 271.)
F O R T W A Y N E & J A C K S O N R R . — O w ns J a c k s o n , M ich ., to F o r t W a y n e ,
I n d ., 98 m iles. O n A u g . 24 1882 leased p e rp e tu a lly to Lake S hore Sc M ich i
gan Sou th ern at a rental o f $ 1 2 6 ,0 2 7 , equa l to 5> $ % on the p re f. s to c k (see
V . 56, p. 8 1 2 ), and a fter 1887 a n y net earnings o v e r 8 % on p re f. s to c k to be
p a id on c o m ., b u t n o t e x c e e d in g 2 % a y e a r. C o m . s t o c k , $43 6 ,1 3 2 .
%
W h en
P a y a b le
L a s t D iv i d e n d
a n d M a tu r ity
1.000.& C $ 10 , 000,000
& D Ju n e 1 1959
4 « g J
2 0 . 000,000 3 >4% p d N o v 1 ’ 10 1959
Sou— C om m on stock, gu ar—
P referred s t o c k , g u a r a n te e d -------------------------------P in e C reek 1st M gu p & 1 e n d -----------------------—
F irst Sc refu n d M ($ 1 0 ,0 0 0 ,0 0 0 a u t h )-------F x e '& r *
R a te
200,000
6
500,000
4H g
800.000
4 g
50,000
6
350,000
6
See t e x t
4H g
2 , 200,000
5 g
2,800,000
5 g
6,2 4 0 ,0 0 0
4 g
2,2 9 1 ,4 1 6
5 Vi
2.539,992 4 In 1910
8 ,176.000
6 g
312,000
5
247,000
5
601,000
6 g
4 .756,000
6 g
13,418,000
5 g
800,000
5 g
1,465,000
4 g
53.000
6 g
See te x t
6
2 0 )0,000
5
1,006,000
600,000
500 00 0
5 GT
2 ,325,000
3H
5 ,000,000
4
3 ,5 0 0 ,0 0 0
6
See te x t
4 g
Ry
600.000
5 g
240,000
5 g
21 2,000
5 g
4,7 5 6 ,0 0 0
5 g
1 .7 3 2 ,0 0 0
5 g
l .650,000
3 g
66
New York
A & o
Sc
J
J
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&
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A Sc O
A Sc O
A p r 1 1921
J u ly 1 1947
J u ly 1 1950
J u ly 1 1913
O ct 1 1922
N o v 1 1952
Jan 1 1932
A p r 1 1937
A p r 1 1954
S ept 1 1910 2 %
Feb 21 1910 4 %
D ec 1 1921
D e c ’ 10-June 14
A p r 'l l - A p r 17
.\uv 1 1935
Feb 1 1910
M ay 1 1931
Jan 1 1930
A p r 1 1912
4 o r 1 1912
1940
o A o r 1 1913
M ch 1 1938
J 1949
A p r 1 1929
s
A
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N M a y 1 1959
M
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Apr
N ov
J u ly
Apr
1
1
1
1
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1946
1957
1955
1957*
1954
1946
P la c e s W h e re In te re s t a n
D iv id e n d s a re P a y a b le
'
Imp Sc Trad N at Bk N Y
New York Trust Co N Y
do
do
Metropolitan Tr Co N Y
Farmers L & Tr Co N Y
New York Trust Co N Y
July ’08 coup last paid
In default
Mercantile Tr Co, N Y
Farm ers L 4 Tr Co N Y
Guaranty Trust Co N Y
Office, 26 Liberty S t ,N Y
Commercial Tr Co, Phlla
Guaranty Trust Co N Y
Savannah Ga
Owned by Sou Pac Co
So Pae Co 120 13way N Y
do
do
So Pac Co N Y ; Sc Lond
do
do
Mercantile Trust Co N Y
Common’ th Tr Co, St L
K n ic k e r b o c k e r Tr Co N Y
Grand Cent Sta, N Y
do
do
Grand Central Sta, N Y
do
do
F J Llsman & Co N Y
do
do
Hanover Nat Bank N Y
KnlckTrCo, N Y & B a lt
Manhattan Trust Co N Y
J P Morgan Sc Co N Y
FORT W ORT H & DENVER CIT Y R Y . — (See M a p C o l . S o . ) — F t . W o r th .
T e x ., to T e x lin e . 454 m iles. O w n s se cu rities o f F t . W . & D en . T e rm . R y .
S T O C K , & c.— C o lo ra d o & S o u th . R y . J u n e 30 1909 o w n e d all bu t $32 ,822
o f the $6,8 3 5 ,0 0 8 c o m . Issued an d s ta m p e d s t o c k .
V . 63. p . 1063.
P a y m e n ts u n d e r sta m p e d s to c k a greem en t o f O c t . 12 1895: 2 % in '9 8 ;
'9 9 . 2 % ; 1902, 2 % ; A p ril 1903, 1904, 1906 t o 1910, 4 % ea ch .
B O N D S .— F in an ces read ju sted In 1896.
P la n V . 63. p . 75.
Abstract
o f m o rtg a g e . V . 4 5 , p. 440.
E a n lp m e n t trust ce rtifica te s o f 1906, V . 82,
p. 1101; o f 1907, V . 84, p . 508.
E a u lp . trust 5 % n o te s o f 1908, due June 1,
1913, $78 ,0 0 0 .
“ P u llm a n ” e q u ip , leases, ln cl. ln t .. M ay 31 1910. $57 4 ,8 8 1 .
T h e F o rt W orth Sc D enver T erm in al R y . a u th o riz e d an Issu eof $2,500,UUU,
3 0 -y e a r 6 % b o n d s d a te d D e c. 1 1907 (M ercan tile T r u s t C o ., N . Y . , trustee)
s u b je c t to call at 105, o f w hich $72 8,00 0 h a v e be e n Issued, $30 0,00 0 sold and
$ 4 2 8,00 0 held b y F t. W . & D . C. R y . V . 8 6 ,p .5 2 , 110 0,1589; V . 8 7 , p .9 4 9 .
E A R N I N G S .— 12 m o s ., ( 1 9 0 9 - 1 0 - . . G ross, $ 5 ,2 4 1 ,8 5 9 ; n e t, $ 2,128,481
J u ly 1 to Ju n e 30.
1 1 9 0 8 -0 9 -. -G r o s s ,
4 ,9 5 4 ,9 6 6 ; n e t,
1,609,738
P r e s ., G eo. B . H arris.— ( V . 8 2 , p. 1156: V . 8 4 . p . 508.)
G A I N E S V I L L E Ai ID LA N D R Y . — See page 166.
GALVESTON H AR R I S B U R G & SAN ANTONIO R Y . — (.S ee M a p S o u t h .
P a c i f i c . ) — O w ns G a lv e s to n , via H o u s to n , T e x ., to east ban k o f R io G rande
R iv e r , 833 m iles; B eevllle to R o s e n b e r g , 147 m iles; San A n to n io to P o rt
L a v a c a , 136 m iles; M agers to W e s t S h o re , G a lv e sto n B a y , 46 m iles; P o rt
L a v a c a , S to ck d a le to C u ero, 46 m iles, c o m p le te d J u ly 1906 ; bra n ch e s, 174
m iles; tra ck a g e , 3 m .; to ta l, 1,338 m iles. S ou th ern P a cific C o. ow n s $ 2 7 ,
0 56 ,600 o f the $ 27 ,084 ,37 2 s to c k (p a r, $ 1 0 0 ).
A c o n s o lid a tio n In 1905 w ith
the N ew Y o r k T e x a s Sc M exica n , G u lf W estern T e x a s & P a cific, San A n
to n io Sc G u lf, G a lv e sto n H o u sto n & N o rth e rn and G on zales B ran ch R R .
V . 7 9 . p . 2642; V . 8 0 , p. 1424; V. 8 1 , p. 211, 6 6 8 . 1242; V . 8 3 , p. 1528.
B O N D S .— T h e sh areh olders v o te d In M ay 1910 t o m a k e a new m tg e.
to secure an Issue o f $1 0 ,0 0 0 ,0 0 0 3 0 -y e a r 6 % b o n d s o n th e pro p e rties ac
qu ired In 1905 and th e new line fro m S to c k d a le to C u ero, T e x ., 47 m iles, a
p a rt o f th e Issue to be reserved to retire th e o u ts ta n d in g b o n d s th e reon .
V . 90, p . 914 .
In Jun e 1910 a p p lie d fo r perm ission t o Issue-$5 384 ,0 0 0 o f
th e b o n d s.
V . 90, p . 1554.
W estern D lv . 2ds ($ 6 ,3 5 4 ,0 0 0 ) b y a g reem en t are tre a te d as In com e b on d s;
V . 58, p. 719; V . 84, p . 803; V. 8 8 , p. 1437.
E q u ip m e n t b o n d s ,
$ 1 ,5 5 8 ,0 0 0 6 s, o w n e d b y S o . P a c ., V . 76, p . 1300; V . 77, p . 2160. S o . P a c.
C o. p ro p rie ta ry co m p a n ie s an d sin kin g fu n d s o f la tte r also o w n $84 2,00 0
M a ta go rd a D lv . 1st M. 6 s o f th e o ld N ew Y o r k T e x . Sc M e x . R y ., $ 2 ,2 2 4 ,0 0 0
G ulf W est T e x . & P a c . 1st M. 5s, $ 8 0 0,00 0 G a lv . H o u s t. Sc N o r. 1st M 5s.
and $ 1 ,1 1 0 ,0 0 0 o u t o f a to ta l o f $ 6 ,3 5 4 ,0 0 0 W e s t. D lv . M . Sc P . e x t . 2d M . 6 s;
$ 1 ,0 0 0 ,0 0 0 G . H . Sc S . A . E a s t. D lv . 2d 6 s (e x te n d e d ), d u e Ju n e 1 1935, are
also o w n e d b y S o . P a c. o r sin k in g fu n ds o f p r o p r ie ta ry c o s . T h e $4,7 5 6 ,0 0 0
1st 6 s d u e F e b . 1 1910 w ere pu rch ased b y th e S o . P a c . C o.
E A R N I N G S .— 12 m o s ., J 1 9 0 9 - 1 0 .. -G r o s s , $ 1 0 ,5 7 6 ,4 3 6 ; n e t, $ 3 ,0 4 2 ,2 0 8
J u ly 1 to Ju n e 30.
1 1 9 0 8 - 0 9 .- . G ross,
9 ,9 9 9 ,9 7 0 ; n e t, 2,8 1 8 ,6 8 4
E A R N I N G S .— F o r ye a r e n d in g Ju n e 30 1909: G ross, $ 1 0 ,1 2 3 ,1 9 6 ; n et,
Incl. o th e r In com e, $2,91 3 ,7 8 7 ; ch a rge s, $ 2 ,4 4 1 ,7 4 2 ; b a l., s u r ., $ 4 7 2 ,0 4 5 .—
(V . 90, p. 372 , 914, 1554; V. 91, p . 3 8 , 3 16 )
GAL VESTON HOUSTON & HEN DERSON RR. OF 1882.— O w ns from
G a lv e s to n , T e x ., to H o u s to n . T e x ., 50 m iles.
O R G A N I Z A T I O N .— T h e M. K . Sc T . an d In tern ation al & G reat N orth ern
have had tra ck a ge rights since D ec. 1895 under a c o n tr a c t p r o v id in g fo r p a y
m ent to m tge. trustee o f $ 100,000 y e a rly to m eet Interest on G . II. & H .
b on d s and an a d d itio n a l rental o f $ 24,000 oer ann um fo r d iv id e n d s o r oth er
p u rp o se s— see V . 61, p . 1064; V . 6 3 , p . 697 .
D Iv s ., M ay 1904 t o 1906, 4 %
y e a rly ; sin ce t o Ju n e 30 1909, n o n e .
M . K . & T . ow n s 4,9 9 9 shares o f s tock
— see V. 61, p . 1013.
S t o c k , $ 1 ,0 0 0 ,0 0 0 ; p a r. $100.
F o r y e a r e n d . Jun e 30 1909, n e t, Incl.
$14 4,44 3 c o n tr a c t Installm ents an d track rentals an d $8,443 m iscella n eou s,
$ 2 0 9 ,1 5 5 ; Interest. $10 0,00 0; o th e r ch arges, $ 45 ,495 ; lm p r o v ’ ts, $23,308;
b a l., s u r ., $ 4 0 ,2 5 2 .— (V . 65, p . 1114.)
GAL VES TON T E R M I N A L R Y. — O w ns e x te n s iv e term in als a t G a lv e s to n ,
T e x ., used b y T r in ity & B razos V a lle y R y ., w h ich o w n s p r a c tic a lly all the
s to c k . V . 8 7 , p . 950. O w ns a large fre ig h t d e p o t a n d w areh ou se a n d a b o u t 14
b lo ck s a lo n g G a lv e sto n w a te r-fro n t. In Jan . 1910 a b o u t 27 m iles o f m ain
line an d sidin gs had been c o m p le t e d . S to c k a u t h ., $25 ,0 0 0 . O f th e 1st 6 s
($ 5 ,0 0 0 ,0 0 0 a u th . Issu e), $ 1 ,1 0 6 ,0 0 0 , gu ar. Join tly b y th e Ch. R . I. & P . an d
C ol. & S o ., w ere so ld In N o v . ’08. V . 8 6 , p . 1100, 1589; V . 87, p . 1478. P res .,
R . H . B aker; V .- P . , Joh n S e a ly .— (V . 8 6 . p . 1100. 1589; V . 87. p . 936.)
G AR DE N C IT Y GULF & NORTHERN R P . — O w ns fro m G arden C ity ,
K a n s ., to S c o tt C ity , 40 m iles, co m p le te d D e c. 1909.
In S e p t. 1910 c o n
tracts let fo r exten sion from S c o tt C ity n o rth 55 m iles an d so u th fro m Gar
den C ity to L ib era l, K a n ., 70 m iles.
P r o je c te d to e x te n d fro m P lain s,
K an sas, on th e C h icago R o c k Island <Sc P a cific, n o rth w e ste rly to S t. Fran cis
on th e C h icago B u rlington & Q u in cy , 250 m iles. S to c k a u th o r iz e d , $ 5 ,
00 0 ,0 0 0 ; present Issue, $60 0,00 0; par, $100. T h e first 6 s ($ 5 ,0 0 0 ,0 0 0 au th .
Issue) are lim ited to $15,000 per m ile; C o m m o n w e a lth T ru st C o ., S t. L ou is,
m tg e . tru stee.
V . 89, p. 918.
P re s., I). M . M cC ue; V .- P . an d G en. M gr.,
E . A . T en n is; T r e a s ., T h o s. L y n n , G arden C ity , K a n .— (V . 89, p . 918.)
OENESEE & W Y O M I N O R R . — See page 165.
GEN EV A CORNING & SO UTH ERN .— O w ns G e n e v a . N . Y . , t o A n trim ,
P a ., 109 m iles; bra n ch to U lysses, P a ., 40 m iles: S to k e sd a le J e t ., P a ., to
N ew b erry J e t ., 75 m .: P enn Y a n n , N . Y . , t o D resden , 6 m .; o th e r bra n ch es,
1 m .: t o ta l, 232 m iles.
A co n s o lid a tio n In F e b . 1909, V . 8 8 , p . 1002. S to c k ,
c o m ., $ 2 ,3 2 5 ,0 0 0 ; p r e f., 4 % c u m ., $ 5 ,0 0 0 ,0 0 0 ; p a r, $100.
Leased t o N . Y .
Cent. Sc H u d . R lv . R R . fro m April 1 1909 fo r th e term o f Its c o r p o r a te e x
isten ce, o r a n y e x ten sion s t h e r e o f, the ren tal c o v e r in g 4 % d iv id e n d s o n the
pref. an d 3 H % o n the c o m . s t o c k .
V . 8 8 , p . 822, 1061: V . 89, d . 286
The
N . Y . C en t. & H u d . R lv . R R . ow n s $ 1 ,8 2 0 ,8 0 0 o f th e $ 2 ,3 2 5 ,0 0 0 c o m m o n
s to c k an d th e $ 5 ,0 0 0 ,0 0 0 first p re f. s t o c k . V . 90, p . 54, 167.
P in e Creek 6 s are gu aran teed b y R e a d in g an d N . Y . C en tral Join tly and
severally. See fo rm o f gu a ra n ty , V . 56, p . 650 . T h e ro a d Is m o rtg a g ed to
secure an a u th o rize d Issue o f $ 1 0 ,0 0 0 ,0 0 0 50 -y e a r 4 % b o n d s o f th e N . Y . C.
Sc H . R . R R . assum ed b y th e G en eva C orn in g & S o u th e rn , t o be used to
12
1897
’82-87
1907
1895
1902
02 06
1910
1877
1882
1891
88-89
1892
1891
1891
1896
1908
1905
1905
1905
1905
1909
1909
1882
1884
73-74
73-74
1------11874
11874
11869
V ar
(1868
\1884
Par
V a lu e
$100
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
A m ount
O u tsta n d in g
R a te
%
$4 ,2 0 0 ,0 0 0 See te x t.
1 , 000,000
5
5 & 6
500,000
4
1 , 000,000
684,000 5 In 1910
1 ,084,000 5 In 1910
3,83 8 ,0 0 0
5 g
2 ,000,000
4 g
148.000
4W
4 75 ,000
4K g
5
100,000
6
250,000
215,000
5
W h en
P a y a b le
J
J
J
M
M
J
J
M
M
A
A
A
1
307
G eorgia R a ilroa d & B a n k in g Co— S t o c k ...........................
B o n d s r efu n d in g n o t m o rtg a ge c u r r e n c y ---------------c*
B o n d s n o t m ortg a g e $20 0,00 0 5s....................................
B o n d s n o t m ortg a ge c u r ____ ______ ________________ c*
G eorgia S ou thern & F lorid a — First pref s to c k redeem
S e co n d preferred 4 .084,000 5 % ........ ............................
F irst m ortg a g e g old 5 4 .0 0 0 ,0 0 0 ........ ........... -M e B a .c*
285
F irst c on s ol m ortg a ge $10 ,0 0 0 ,0 0 0 g o l d ____ N c '& r
392
E a u lp m e n t trusts Ser A and B $37,000 d u e sem i-anD
E q u ip trusts Ser C d u e $25,000 se m l-a n n ............. E q.
G e tty s b u rg & H a rrisb u rg — S o u th M t first m o r t g a g e ..
G e tty s b u rg & H arrisbu rg first m o rtg a ge o ld I s s u e ..
35
C on solid ated m ortg age $565,000 g o ld (see t e x t ) . .
Gila V a lley G lobe & N orth ern — See A r iz o n a E a stern R R
G osh en & D e ck e rto w n — 1st & 2d M ($6 0 ,0 0 0 are 2ds)
13
G ou vern eu r & O sw e g a tch ie — 1st M g o ld gu p & l .U n . c
G rand R a p id s & Indiana R y — S to c k $ 6 , 000,000 --------335
F irst M m o s tly land gran t g o ld e x te n d e d in 1899-C*
335
F irst M ex te n d e d g old gu aran teed b y P en n R R .. C *
387
S econ d m ortg a g e $ 5 ,0 0 0 ,0 0 0 g o ld _________________ c*
O rand R a p id s & N orth w — 1st M $ 5 ,0 0 0 ,0 0 0 g o l d . . O P
Grand T ru n k P a c— First M £ guar Can G o v ( t e x t ) .c & r 1,755
916
P rairie S ection M (Ser A ) £ 2 , 1 00 ,0001 guar p and
839
M ou n tain S ec M (Ser B) £ 2 ,0 5 0 ,0 0 0 ) b y G rand
188
L ake S u p erior D Iv 1st M $ 1 ,5 5 0 ,0 0 0 J
T ru n k
D eb en tu re s to ck $25 ,0 0 0 ,0 0 0 red a t 105 a fte r 1936
L o a n , $ 1 0 ,0 0 0 ,0 0 0 , secu red b y M o n P ra irie s e ctio n
G r T rk P a c b ra n ch lines 1st M g u a r, see t e x t ...........c*
Grand T ru n k R y — C on solid a te d s to c k £ 23 ,318 ,30 9 —
4 % g u aran teed s to c k n o n -c u m u la tlv e £ 1 2 ,5 0 0 ,0 0 0 .
F irst preferen ce 5 % s to c k £ 3 ,4 2 0 ,0 0 0 ----------------------S econ d p referen ce s to c k £ 2 ,5 3 0 ,0 0 0 --------------------------T h ird preferen ce 4 % s to ck £ 7 ,1 6 8 ,0 5 5 -------------------- 1
D eb en tu re s to c k £ 4 ,2 7 0 ,5 7 5 .............................................. I 3,512
C on solid a ted d eb en tu re s to c k (collateral trust) cu m )
S econ d e q u ip m tge (s u b je c t to first m tg In trust) . c j
G rea t W estern perp etu a l d e b e n tu re s t o c k --------------- c 8 3 6 H
N orth ern R y third preferen ce A & B b o n d s .......... c l 490 V\
D eb en tu re s to c k 4 % p e rp e tu a l £ 4 2 5 ,8 5 0 ------------J
D a te
B onds
c_
M ile s
R oad
©
R A IL R O A D C O M P A N IE S
[F o r a b b rev ia tio n s, A c . , see n o tes o n fir s t p a g e]
&
&
&
&
&
&
&
&
&
&
&
&
J
J
J
N
N
J
J
S
S
o
o
o
6
246,500
V a riou s
1,000
300,000
& D
5 g
J
100
5 ,791,700 See t e x t . A & O
1,000
020,000
& J
3H g J
1,000
4 ,4 5 5 .0 0 0
& J
4H g J
1,000
4,50 0 ,0 0 0
A & o
4 g
1,000
740 ,000
F & A
5 g
£100 &c £ 7 ,2 0 0 ,0 0 0 3 $ o r £ J
& J
£100 &c £2 , 100,000
4
A & O
£100 t e c £ 1 ,3 5 4 ,0 0 0
4
A & O
£100 &c £1,550,000
4
A & O
500 &c
£100 & c
£100
£100
£100
£100
£100
£100
£100
£100
£100
4
£4.000,000
4
See t e x t.
See te x t.
4
£22,475,985
£ 9 ,8 4 0 ,0 1 0 4 In 1910
£ 3 .4 2 0 ,0 0 0 5 fo r ’ 09
£ 2 ,5 3 0 ,0 0 0 ,5 fo r ’ 09
£ 7 ,1 6 8 ,0 5 5 See te x t
£ 4 ,2 7 0 .3 7 5
5
£16.221.571
4
6
£ 3 7 3 ,0 0 0
5
£ 2 ,7 2 3 ,0 8 0
£ 1 4 ,6 0 0
6
4
£ 3 2 5 ,7 1 5
M & S
Sem i an
M & N
S em l-an
Sem l-an
S em l-an
Y e a rly
J & J 14
1Q— J
&
J
J
F & A
A & O
F & A
L a s t D iv id e n d
an d M a tu rity
P la c e s W h ere In terest a n d
D iv id e n d s a r e P a y a b le
O ct 15 1910 2 H
Jan 1 1922
Jan 1 1922
Jan 1 1947
N o v 2 1910 2 h
N o v 2 1910 2 h
J u ly 1 1945
J u ly 1 1952
M c h ’ l l - S e p '1 2
T o M ch 15 1920
Apr 11898
O ct 1 1912
O ct 1 1926
A u gu sta G a
A m E x N a tB k , o r A u g
do
do
A m E x ch N at B k , N Y
M T & O C o B a lt; A N Y
do
do
do
do
do
do
B lair & C o N e w Y o r k
E q u ita b le T r u s t C o , N Y
R e a d in g T e rm in a l, P h lla
do
do
do
do
1 92 8-1 929
June 1 1942
A p r 25 1910 1H
J u ly 1 1941
J u ly 1 1941
O ct 1 1936
F eb
1 1958
Jan 1 1962
Apr 119 55
A p r 1 1955
A p r 1 1955
P erpetual
1919
1939
N one e v e r palo
N o v 8 ’ 10 2%
N o v 8 ’ 10 2 H %
N o v 8 ’ 10 2 H %
A p r 24’ 08 3 %
Irred eem a ble
Irred eem a ble
Ju ly 1 1919
Irred eem a ble
Irred eem able
Irred eem able
N B k O r C o G osh en N Y
G rand C en t S ta tio n N Y
O ffice G rand R a p , M ich
W in s lo w ,L a n le r& C o N Y
do
do
P h ila d e lp h ia P a
P h ilad elp h ia & C h icago
Bank o f M o n t, L o n & N Y
IC o ’ s O ffice L o n d o n or
) B a n k o f M ontreal
J
N ew Y o r k
9 N B ro a d S t L o n d o n E O
N Y , M o n tre a l & L o n d o n
C h eck fro m
do
do
do
C o ’ s O ffice
do
do
do
1
)G ly n , M ills, C urrie &
C o, L on don
GEORGIA SOUTHWESTERN & GULF RR.— P r o je c te d to e x te n d fro m
A lb a n y , G a ., so u th w e st t o S t. A n d re w s B a y ., F la ., o n th e G ulf o f M ex ico
w ith bran ch t o D a w so n , G a. I n F e b . 1910 a cq u ire d co n tr o l o f the A lb a n y
& N orth ern R y ., e x te n d in g fro m A lb a n y n o rth e a st t o C ordele, 37 m iles.
V . 90, p. 109, 502 . S to c k a u th o riz e d , $ 4 ,0 0 0 ,0 0 0 .
In N o v . 1908 filed a
$ 4 ,0 0 0 ,0 0 0 m tg e . to C arnegie T r u s t C o. o f N ew Y o r k t o secu re 5 % b on d s
Issuable a t $ 20 ,000 per m ile. P re s ., W . M . L e g g , 534 W a s h in g to n A v e .,
M a c o n , G a .; S e c. a n d T r e a s ., H . J . B r u to n .— (V . 9 0 , p . 167, 502.)
GETTYSBURG & HARRISBURG R Y . — Carlisle t o G e tty s b u rg , P a .. 31
m .; branch to R o u n d T o p . Pa . 3 m .
T h e R e a d in g C o . ow ns $ 5 4 5,30 0 of
the $60 0,00 0 capital sto ck : $ 5 3 5,00 0 d e p o s it e d un d er Its gen . m tg e . o f 1896.
T h e co n s o l. 5s o f 1891 w ere gu ar, b y P h lla . & R e a d in g R R (foreclosed )
GILA VALLEY GLOBE & NORTHERN R Y .— C o n so lid a te d F e b . 1 1910
w ith A riz o n a E a stern R R ., I n c o r p o r a te d F e b . 1 191 0.— (V . 90, p . 447 .)
GOUVERNEUR & OSWEGATCHIE R R . — O w ns from G o u vern eu r to
E d w ards, N . Y . . 13 m iles. S to c k , $ 3 5 0 ,0 0 0 , all o w n e d b y N . Y . C e n t.—
w h ich guaran tees the b o n d s . See V . 55, p . 810 an d V . 5 6 , p . 501.
GEORG IA F L O RI D A & A L A B A M A R Y . — O w ns R ic h la n d , G a ., t o
GRAND RAPIDS & INDIANA RY — ( S e e M a p s o f P e n n s y l v a n i a R R . ) —
T a llah assee. F la ., 133 m iles. Inclu din g 26 m iles o p e n e d S e p te m b e r 1909;
O w ns from F o rt W a y n e , I n d ., to M a ck in a w C ity , 367 m .; bra n ch e s, 69 m .,
Tallahassee t o C arrabelle, o n th e G u lf o f M e x ico , 51 m iles; b r a n c h , H a
total o w n e d , 436 m iles; operates the fo llo w in g r o a d s , b u t has n o t assum ed
v a n a , F la ., t o Q u in cy , 12 m iles; t o t a l, 196 m iles.
Also operates
the o ld c o m p a n y ’s leases th e re o f; C ln. R ic h m o n d te F t . W a y n e R R . , 86 m .;
steam er line fr o m C arrabelle t o A p p a la c h lc o la , F la . S t o c k , $35 0,00 0;
T raverse C ity R R . (n early all th e s t o c k a n d all th e In com e b o n d s o w n e d ),
par, $100.
In Ju n e 1909 P residen t W illia m s, It w as r e p o r te d , p u rch ased
26 m .; M uskegon G ra n d R a p id s & In d ia n a R R . . 37 m ., T ra v e rse C ity
the m in o rity s to c k and p ra ctica lly all o f th e ou ts ta n d in g b o n d s.
V. 88,
Leelanau & M an lstlqu e R R .. T r a v e r s e C ity t o N o r th p o r t, M ic h ., 30 m iles
p . 1437.
B on d s, see table a b o v e . L oa n s an d b ills p a y a b le Ju n e 30
(ln cl. 6 m . tr a c k a g e ), see V . 74, p . 7 7 7 ; V . 7 6 , p . 811 ; V . 8 2 , p . 988 , 1098.
1908, $2 4 8 ,9 8 8 . T h e s tock h o ld e rs o n N o v . 13 1906 au th o riz e d $ 1 ,2 2 5 ,0 0 0
H I S T O R Y .— S uccessor A u g . 1 1896 o f G rand R a p id s & In dian a R a i l r o a d .
5 % n o n -c u m . p ref. s to c k o n 168 )$ m iles, th en o p e r a te d , w ith $8,000 per
foreclosed u n d er s e co n d m tg e ., p e r plan In V . 63, p 153.
m ile fo r a d d itio n a l m ileage; no new s to c k had been Issued t o O ct. 1908.
F o r y e a r en d in g J u n e 30 1910, gross, $4 1 7 ,7 5 6 ; n et, $ 7 7 ,2 2 5 . In 1908-09,
S T O C K .— S to ck . $ 6 ,0 0 0 ,0 0 0 , o f w h ich P e n n sy lv a n ia Interests are sup
g ross, $ 4 0 1 ,7 6 1 ; n e t, $ 6 3 ,2 7 7 .
F o r y e a r e n d in g Jun e 30 1908, gross, $ 4 7 1 , posed to ow n all or n early all.
P en n . C o . on Jan . 1 1910 o w n e d $ 2 ,9 0 2 ,6 0 0 .
763 ; n e t, $ 3 9 ,5 7 1 ; ln t. an d ta x e s . $97 ,9 3 7 ; ba la n ce, d e ficit, $ 5 8 ,3 6 6 . P re s .,
D I V I D E N D S .— 1900, 1 % ; 1901, 2 % ; 1902 t o A p r . 1910, 3 % (ye a rly)
J . P . W illia m s ; S e c . an d T r e a s ., J . L . N lsb e t. O ffic e , S a v a n n a h , G a .—
O
c
t.
1910,
n
o
n
e
.
See
“
C
h
ro
n
icle
” O ct. 29.
( V . 8 8 , p . 1437.)
B O N D S .— T h e 1st m tge . b o n d s e x te n d e d at 4 ) 4 % are e n d orsed w ith the
8 3 G E O R G I A &. FL O RI D A R Y . — O w n s lfro m M ad ison , F la . (40 m iles fro m
gu a ra n ty o f the P en n . R R . C o. t o pu rch ase th e c o u p o n s as th ey m a tu re , and
G ulf o f M e x ic o ), t o K e y s v llle , G a ., 224 m iles; tra ck a g e , K e y s v llle to A u the b o n d Itself at m a tu rity . S ec g u a r .. V . 56, p . 649 ; V . 69, p . 1193. O f
g u sta , G a ., 26 m .; bran ch es, a b o u t 60 m .; t o ta l, 310 m iles. ’ A c o n s o lid a tio n
th e 2n d s, $ 88 8,00 0, w ere o w n e d Ja n . 1 1910 b y P e n n s y lv a n ia R R . an d
In A u g . 1907 o f D ou gla s A u g u sta & G ulf, M illen & S o u th w e ste rn an d o th e r
$ 2 ,087,000 b y the P en n. C o m p a n y .
ro a d s , a c q u ir e d b y s y n d ic a te org a n iz e d b y M Idden dorf, W illia m s & C o . and
R E P O R T .— R e p o r t fo r 1909 in V . 90, p . 1166.
I n 1909 carried 2 ,9 7 4 ,3 6 8
In te r n a t. T r . C o. o f M arylan d an d J o h n L . W illia m s & S on s, R ic h m o n d , V a .
to n s o f fre ig h t, o f w h ich 3 7 % w as lu m b e r , & c ., an d 2 2 % co a l a n d c o k e .
V . 8 2 , p . 1211; V . 8 5 , p . 345; V . 87, p. 480, 936, 1533; V . 8 8 , p. 081. Cap
Y e a r e n d i n g D e c . 31—
1909.
1908.
1907.
1906.
ita liza tion to be: C om m on s t o c k , $ 1 5 ,0 0 0 , an d n o n -c u m u la tlv e p referred ,
433
436
426
424
M iles o p e r a t e d ...........................
$1 0 ,0 0 0 p er m ile. O u tsta n d in g M ch. 1910, c o m ., $ 4 ,5 3 8 ,6 0 0 ; p r e f., $ 2 ,
G ross In co m e .................................$3,91 8 ,3 7 1 $ 3 ,4 9 8 ,1 4 8 $ 4 ,1 4 9 ,6 9 4 $3 ,9 0 0 ,6 0 5
9 9 6 ,3 0 0 . A fte r 4 % on p r e f., c o m . Is t o be en title d t o 4 % , then p re f. to
N et o v e r e xpen ses and t a x e s .
82 7 ,7 3 9
727,751
8 0 1 ,2 9 9
782,094
2 % a d d itio n a l, th en c o m m o n t o all o th e r earn in gs.
B o n d s t o be lim ited to
$ 1 2 ,0 0 0 ,0 0 0 a t $2 0 ,0 0 0 per m ile, o f w h ich $ 5 ,0 0 0 ,0 0 0 u n d e rw ritte n In J u ly
In terest and o th e r ch arges, & c ., $ 56 0,36 3; Im p r o v e m e n ts , $40 ,9 0 1 ; d lv s ..
( 3 % ) , $17 3,73 0; b a l., s u r ., $ 5 2 ,7 4 5 .— (V 9 0 , p . 1044, 1166.)
1907.
V . 8 5 , p . 221, 530. Car trusts Jun e 30 1910, $ 20 8,27 3.
iB lR ep ort fo r y ear en d in g Ju n e 30 1909 In V . 90, p . 842 .
In 1909-10 (273
GRAND RAPIDS & NORTHWESTERN RR.— See p a ge 166 .
a v e r , m ile s ), gross, $5 2 1 ,2 3 9 ; net In co m e , $13 2,44 9; ch a rges, $43 ,4 4 4 ; b a l.,
ORAND TRUNK PACIFIC RY. — ( S e e M a p . ) — T h is new tra n s-con ti
s u r ., $ 8 9 ,0 0 5 . P re s ., J oh n S k e lto n W illia m s; S e c ., C. T . W illia m s; T r e a s .,
n ental railw ay across C anada has re ce ive d the a p p ro v a l of th e Canadian
R u th e rfo r d F l e e t — (V . 90, p . 842 .)
G overn m en t an d w ill b e carried th rou gh w ith the Joint financial su p p ort
^ GEORGIA M I D L A N D R Y . — See page 165.
o f the G o v e rn m e n t an d the G ra n d T ru n k R y . C o . o f C a n ada.
I t w ill
co n sist o f a m ain line o f an e stim ated length o f a b o u t 3 ,5 5 0 m iles, from
GEORGIA RR. & B A N K I N G CO.— O w ns from A u g u s ta , G a ., t o A t la n t a ,
M o n cto n , N ew B ru n sw ick , to P rin ce R u p e r t, B . C ., o n the P a cific o c e a n ,
G a ., 171 m .; branches to W a sh in g to n an d A th e n s, 58 m .; M acon & A u gu sta
a b o u t 30 m iles sou th o f the so u th e rn b o u n d a r y o f A la s k a , w ith bran ch 188
R R . (p r o p r ie ta r y r o a d ), C a m a k, G a ., t o M a co n , G a ., 74 m .; tra ck a g e , 4 m .;
m iles, v iz .:
to ta l, 307 m . O w ns 5 0 % s to c k o f W estern R y . o f A la . (th e Central o f Ga
1. L ea sed L in e , to b e B u ilt b y C a n a d ia n G o v ern m e n t—
, on A
R y . ow n in g the oth er h a lf); also a 4 7 % Interest In A tl. & W e s t P oin t.
E astern D lv ., M o n cto n , N . B ., v ia Q u e b e c to W in n ip e g , a b o u t . . . . i . n u o
L e a s e . — In 1881 roads leased t o r 99 years to W . M . W a d le y e l a l fo r the
(T o be leased fo r 50 years t o G rand T ru n k P a c . R y . C o .— fo r first
C en t, o f G a. an d the L o u . & N a s h ., at $ 60 0,00 0 per ye a r, b u t In A p ril 1899
7 years a t co st o f o p e ra tin g o n ly and fo r rem a in in g 43 years at
the L ou tsv . & N ash, w as held to h a v e a cq u ire d all rights un d er the lease;
3 % on c o s t o f co n s tru ctio n ) (b u t see V . 8 0 , p 097 ).
A tla n tic C oa st C o. J u ly 1899 a cq u ire d half Interest. V . 6 8 , p. 722; V . 69,
2. W e s t e r n D i v i s i o n , B u i U a n d O w n e d b y C o m p a n y —
p. 385 , 591: V . 70. p . 125. T a x d e cision s, V . 85. p. 160. 1339: V . 8 6 . p . 981.
"J®
a . Prairie S e ctio n . W in n ip e g t o R o c k y M ou n tain s, a b o u t ------ - - - - - V . 90, p. 559 . In A u g . 1908 so ld $ 1 ,0 0 0 ,0 0 0 4 0 -y e a r 4 % d e b e n tu re b o n d s
b . M ountain D ivision . R o c k y M ountains to P a cific O ce a n , a b o u t . .
839
t o refu n d th e 6 s due J a n . 1 1910.
V . 87, p . 226, 2 8 5 . O w ns a m a jo r it y
3. L a k e S u p e r i o r B r a n c h , B u i U a n d O w n e d b y C o m p a n y —
($198,200) o f s to c k o f " G e o r g ia R a ilr o a d B a n k .”
T h u n d e r B a y on Lake S u p erior to Junction w ith E astern D iv is io n ,
D I V I D ’ D S .— \ 1881.
1882.
1883 to 1887.
1888.
1889 to O ct 1910.
east of W in n ip e g (co m p le te d In N o v e m b e r 1 9 0 8 .) . ............................. - 188
10 H
10 ye a rly
10H
11 ye a rly
Since 1 88 0____ %| 9 )$
O f the P rairie S e ctio n , W in n ip e g to E d m o n to n . 793 m iles w as co m p le te d
D iv id e n d ra te Is e x p e c te d t o b e increa sed fro m 11 t o 1 2 % e a r ly In 1912.
J u ly 1909; fro m L a k e S u p e rio r J e t. to W in n ip e g , 24o m iles, w as o p en ed
V . 90. p . 1362.
S e p t. 1910; E d m o n to n w est to W o lf C reek, 123 m iles, w as c o m p le te d S ep t.
f E A R N I N G S (307 m iles)— (1 9 1 0 ...............G ross, $ 4 5 9 ,2 1 5 ; n e t, $5 9 ,8 1 3
1909.
On m ou n ta in s e c tio n , fro m W o lf Creek to E d s o n , w as c o m p le te d
J u ly l to A u g . 31, 2 m os. (1 9 0 9 ________ G ross,
4 2 9 ,2 7 4 ; n e t, 71,812
S e p t. 1910, m ak in g w ith L a k e S u p e rio r branch 1,356 m iles o f co n tin u ou s
R a ilroa d earnings fo r y e a r e n d in g Ju n e 30 1910, gross, $ 3 ,0 1 0 ,9 5 7 ; n e t ,
line In o p e r a tio n ; 100 m iles east fro m P rin ce R u p e r t w as c o m p le te d early
$ 8 9 4 ,6 8 3 ; o th e r In com e, $ 13 7,63 9; rental to G a. R R . & I). C o ., $6 0 0 ,0 0 0 ;
In 1909 an d c o n tr a c ts let fo r 314 m iles a d d itio n a l. C o n tra cts h a v e been let
ln t ., ren ta ls, b ack ta x es a n d b e tte rm e n ts, $ 30 1,47 0; b a l., s u r ., $ 1 3 0 ,8 5 2 .—
o n all o th e r p o rtio n s o f th e r o a d t o be bu ilt b y th e G o v e rn m e n t. V . 84,
(V . 90, p . 559, 1362.)
p. 1052; V . 8 6 , p . 794, 1100 : V . 87, p . 677, 873; V . 8 9 , p . 224, 1217. Leases
W in n ip e g te rm in als. V . 89, p . 6 6 6 .
GEORGIA SOUTHERN & FL O RI D A R Y — (See M a p o f S o u t h e r n R u ) O w ns fro m M acon , G a .. t o P a la tk a , F la ., 285 m iles: on N o v . 1 1902 p u r
O R G A N I Z A T I O N .— In c o r p o r a te d b y C anadian L egislature In 1003. See
ch ased A t l. V . & W . R y ., V a ld o s ta . G a .. t o Jack so n v ille , F la ., 107 m iles;
full statem en t In V . 80. p . 996; V . 81, p . 1315.
A s to G rand T run k P a cific
tra ck a g e In to J a ck s o n v ille , 3 m .; to t a l, 395 m iles. V . 60, p . 928; V . 7 9 , p .5 5 1 .
B ran ch L ines C o ., see V . 00, p . 1044 (also b o n d s b e lo w ); V . 8 2 , p . 333: V .
A lso ow n s on e -e ig h th o f s to c k o f J a ck s o n v ille T e rm in al C o. V . 7 7 . p . 626.
8 6 , p . 1100; V . 8 8 , p . 205, 8 2 2 , 1372, 1437. N ew lines, V . 8 9 , p . 1482.
In 1903 the s to c k o f the H aw k ln svllle & F lo rid a S o u th ern R y ., W o rth
1562.
to H aw k ln svllle, G a ., 44 m ., w as pu rch a sed , $ 31 0,00 0 1st m tg e . 5 % b o n d s
S T O C K .— A u th o riz e d , $ 45 , 000,000 (par or shares, $100 e a c h ), o f w h ich
bein g g u a ra n teed , o rln . and ln t. V . 79, p . 258 5.
the $25 ,0 0 0 ,0 0 0 c o m m o n Is o w n e d b y th e G rand T ru n k R y .
D I V I D E N D S .— On 1st p r e f . , ’ 96, 4 % ; ’ 97 t o N o v 1910, 5 % y e a rly .
On
B O N D S .— T h e C anadian G o v e rn m e n t agreed t o g u aran tee 3 % 1st m tg e .
2d p r e f.. In ’ 97. 2 % ; ’98. 3 % : ’ 99. 3 % ; 1900 to M ay 1906, 4 % ye a rly; N o v
bon d s fo r an a m o u n t up to 7 5 % o f th e c o s t o f co n stru ctio n o f the W estern
1906, 2 H % : 1907 to N o v 1910, 5 % y e a r ly . C o m m o n s to c k is $ 2 ,0 0 0 ,0 0 0 .
d iv isio n , such a m o u n t (a) In the case o f th e P rairie S e ctio n n o t to e x ceed
$13,000 per m ile, or £3,21 0 ,0 0 0 In all, an d (f>) three-q u arters o f to ta l cost
B O N D S .— First m tge. or 1895 (A b s tr a c t. V . 61, p . 429) p ro v id e s th at the
68 4 ,0 0 0 ls f p r e f . s t o c k shall b e a lien s e c o n d o n ly to the b o n d s and c o u p o n s. per m ile from the m ou n ta in s t o P a cific C oa st, called M ou n tain S e c tio n .
T o ta l Issue lim ite d t o £ 1 4 ,0 0 0 ,0 0 0 ; R o y a l T ru st C ot, C a n ada, tru stee. In
T h e 1st c o n s o l. 4s o f 1902 are fo r th e a u th o riz e d a m o u n t o f $ 1 0 ,0 0 0 ,0 0 0 .
J u ly 1910 £5,20 0 ,0 0 0 had been s o ld a n d £ 2 ,000,000 w as offered In L o n d on
o f w hich $ 4 ,6 8 4 ,0 0 0 are Issuable to retire the $ 4 ,0 0 0 ,0 0 0 5s a n d $ 6 8 4,00 0 ls l
at 82 y t , p a y a b le 5 % o n a p p lic a tio n , 17 M % J u ly 26 an d 2 0 % ea ch A u g. 26,
p ref. s t o c k , a n d $ 3 ,3 1 6 ,0 0 0 are reserved fo r fu tu re n eed s. V . 7 5 , p. 980.
S e p t. 23 an d O ct. 25 1910, o r o p t io n a lly In full J u ly 26. V . 8 0 , p. 996 , 1234,
L A T E S T E A R N I N G S .— f 191 0 ................. .G r o s s , $ 3 8 3 ,7 8 1 ; n et, $83,009
1363; V . 81, p. 507, 613; V . 89, p. 224. 286; V . 91, p . 214 , 270.
2 m o s ., J u ly 1 t o A u g . 3 1 .) 1 90 9___________G ross, 3 4 0 ,2 2 7 ; n e t, 83,296
Series " A ” (P rairie S e c.) 4 % b o n d s, to ta l Issue lim ite d to £2 . 100 , 0 0 0 , and
R E P O R T .— F iscal year en ds Ju n e 30. R e p o r t fo r 1909-10 In “ C h ron lSeries " B ” (M ou n tain S e c.) 4 % b o n d s , n o t to e x c e e d £ 2 .0 5 0 ,0 0 0 , are secured
c le ” .O c t . 29 o r N o v ., sh ow e d : G ross, $ 2 ,3 2 2 ,1 5 8 ; o p e r . Inc , $42 5,16 6: o th e r
b y a 2d m tg e . (N a tio n a l T ru st C o .. T o r o n t o , trustee) on the ra ilw a y ,
I n c ., '$ 5 7 ,9 8 8 ; ln t. on b on d s & c ., $ 33 2,02 9; d lv . o n ts to c k , $ 8 8 ,4 0 0 . In 1908
eq u ip m en t an d tolls o f the c o .. Inclu din g Its leasehold Interest In the Eastern
0 9 , g ross, $ 1 ,9 9 6 ,9 3 7 . K P re s ., W .. W . F in le y , N . 1Y . — (V . 90, p. 848 .) „
D ivision , b u t n o t b ran ch lines e x ce e d in g 6 m iles In le n g th , sh ip s, g ran ts of
retire ou ts ta n d in g In d ebted n ess a n d b o n d s fo r Im p ro v e m e n ts . In J u ly
1909 $ 3 ,7 4 4 ,0 0 0 b on d s w ere a u th o riz e d t o be Issued fo r Im p ro v e m e n ts an d
retirem en t o f $ 60 0,00 0 S yracu se G en eva & C orning se c o n d m tg e . b o n d s.
V . 8 8 , p . 112 7, 1313; V . 8 9 , p . 162.— (V . 8 9 , p . 286; V . 90, p . 167.)
GEO RGI A COAST & PIE DMONT R R .— E x te n d s fro m D arien t o C ollin s,
G a ., 85 m iles; c o m p le te d In J u ly 1906. S to c k , $ 1 ,0 0 0 ,0 0 0 . T h e c o n
solid a ted 4 0 -y e a r 5s (lim ited t o $3,5 0 0 ,0 0 0 ) are Issuable a t $10 ,000 per
m ile an d $ 2,000 p er m ile a d d itio n a l fo r e q u ip m e n t w hen th e p r o p e r ty has
earned 5 0 % In excess o f Interest ch arges; $ 20 0,00 0 m a y be used to acq u ire
term in als, su ffic ie n t o f the Issue be in g also reserved to retire the 1st 5s.
V . 8 2 , p . 804 .
In O c t . 1907 the c o m p a n y w as au th o rize d t o Issue $2 ,5 7 0 ,0 0 0
con sols fo r v a riou s pu rp ose s, Inclu din g $ 1 ,0 0 0 ,0 0 0 to retire the first 5s.
V . 8 5 , p . 1143. T h ere are also $17 5,00 0 10-year 6 % In com e de b e n tu re s due
1918, ln t. p a y a b le S e p t, y e a rly If e a rn e d . Y e a r en d in g Jun e 30 1910, gross,
$ 8 4 ,6 4 0 ; n e t, $ 1 3 ,3 8 8 .
In 1908-09, gross, $ 6 8 ,3 5 0 ; n et, $ 6 ,6 6 5 .
In 1907
0 8 , gross, $ 0 5 ,0 2 3 ; n e t. $1 ,5 1 2 ; ch arges, $34 ,6 8 4 ; b a l., d e l., $ 3 3 ,1 7 2 . P re s .,
F J . L ls m a n .— ( V . 8 8 , p . 624.)
DAWSON
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DOUOte TRACK,
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , A c . , s e e n o te s o n f i r s t p a g e]
G rand T r u n k R a ilw a y — (C o n c l u d e d )
P o n tia c O x fo r d & N or— 1st M $ 4 0 0 ,0 0 0 -------M c.c*
M id lan d of C an ada co n s 1st M £ 3 ,1 6 4 ,7 0 0 -----------c
N ew E n gla n d E lev 1st M g gu due $10 ,000 y e a r l y ..
M on treal W areh ou sin g 1st M $1,0 0 0 ,0 0 0 g o ld g u a r .
G rand T ru n k W e s te rn —•
F irst M 51 5 ,0 0 0 ,0 0 0 Int gu ar gold $ (cur) & £ ------ F
2dM Incom e g o ld , called fo r p a y m e n t D e c 1 19 1 0 -T a
G reat N orthern— S to c k $ 2 1 0 ,0 0 0 ,0 0 0 --------------------------St P M & M con sol m t g e l (n ow 1st M) g o l d — C e f
fo r $50,000,000 .......... J (V 91 p 518) sink f u n d . j
M ile s
R oad
100
455
D a te
B onds
1896
1882
1901
1906
326.5
326.5
1900
1900
2.549
2.549
2,54 1
420
818
1883
1883
M on ta n a E x t 1st M ($25,000 p m ) g o l d -------C e .c ’ &r
P a cific E x ten sion M £6,0 0 0 ,0 0 0 g o l d -------Ce c * & r
0 B & Q co l tr M g (sub t o call a t 1 0 5 )-----------Sc &r*
do
do
reg iste re d -------r *
do
’ "3
M inn U n R y llrst m tg e g o ld a ssu m e d ---------------C e.c*
3
do
do
do
do
----------------------285
E o f M inn N o D I v M $ 9 ,7 0 0 ,0 0 0 g assn red -i\\e.c*&r
260
M on t C ent 1st M g ($ 6 ,0 0 0 ,0 0 0 are 6s) a s s u m . C e.c& r
433
W lllm a r & S iou x Falls 1st M g assum (e n d )-C e .c * & r
2
M ln n eap W e s t M g assum (V 60 p 8 3 5 )-------------- - -C*
132
S p ok a n e Falls & N orth first m tg e gold assum_IV\a.c*
Gt N orth R y o f Can— See C anadian N orth Q u e b e c R y
Green B a y & W estern R R — S to c k (see t e x t ) ----------------D e b en tu res Class A In com es t e x t n o n -c u m -----------c*
Class B Incom es a fte r 5 % o n s to c k n o n - c u m ..c *
G reene R R (N ew Y o r k )— S t o c k — ----------■ ------- - - - -
’ 21
G reen w ich & J o h n so n v ille — 1st M $50 0,00 0 g . - S .c & r
G uay & Q — P rior lien M g o ld , red 105 s f ---------------—
1st M o rig in a lly $ 1 2 ,2 8 2 ,0 0 0 g o ld guar (te x t)
Usm
G ulf B ea u m on t & K C -—See A tch is o n T o p e k a & San ta Fe " "
77
G u lf B & G t N or g old p & 1 gu ar end ( t e x t ) - . - A B . c
G ulf Line— F irst m ortg a g e $ 3 2 5,00 0 g o ld ---------------------
1887
1890
1901
1901
1882
1882
1898
1887
1888
1891
1889
1896
1896
1904
1008
1899
1900
1907
A m ount
O u tsta n d in g
R a te
%
$40 0,00 0
1,000
£100 £ 1 .0 1 6 ,5 0 0
310 .0 0 0
1,000
$ 1, 000,000
$ or £
6 g
Par
V a lu e
£100
500
100
1,000
1,000
1,000
1,000
£100 &c
$ 1 ,0 0 0 &c
1.000 &c
1,000
1,000
1.000 <Scc
1.000 A c
1,000
1,000
1,000
100
1,000
1,000
100
1.000
1,000
1,000
1,000
1 5 .0 0 0 .
1.5 0 0 .0 0 0
2 0 9 ,9 7 0 250
1 3 .344.000
21 , 220.000
8 .7 0 4 .0 0 0
a l O .185,000
£ 6 , 000,000
\ 107613500
J
2.1 5 0 .0 0 0
650.000
d 9 ,7 00 ,000
1 0 .0 0 0 .
3 .6 2 5 .0 0 0
500.000
229.000
J
5
J
3M g J
4
A
000 4 g
U p to 4 %
7 in 1910
6 g
4 4* g
4 g
4 g
4 g
J 4 g
J
4 g
6 g
5 g
4 g
5000& 6 g
5 g
5 g
6
2.5 0 0 .0 0 0 5 F e b ’ 10
600.000 5 F e b ’ 10
7,0 0 0 ,0 0 0 H F e b ’ 10
J
J
J
O
V
J
J
J
J
1 132,000
See t e x t
5 g
5 g
J
M
J u ly
Jan
J u ly
Apr
1 1916
1 1912
1911-1941
1 1936
P la c e s W h e r e In ter es t a n d
D iv id e n d s a r e P a y a b le
M erca n tile T ru s t C o, N Y
U n S D A T r C o , P o r t l’ d , Me
M ontreal or L on d on
J u ly 1 1950
D e c 1 1910
N ov 1 1 9 1 0 .1 M
J u ly 1 1933
J u ly 1 1933
J u ly 1 1933
June 1 1937
J u ly 1 1940
J u ly 1 1921
J u ly 1 1921
J u ly 1 1922
J u ly 1 1922
1928-1948
J u ly 1 1937
June 1 1938
J u ly 1 1911
J u ly 1 1939
Bank M o n t r e a l,N Y & L o n
B a n k o f M o n trea l, N Y
B a n k o f M o n trea l, N Y
32 N assau St N ew Y o r k
do
do
do
do
do
do
N Y & L o n d , B aring B ros
J. P . M organ & C o ., N .Y .
do
do
32 N assau S t N ew Y o r k
do
do
32 N assau N Y ;L c e ,H ,B o s
32 N assau S t N ew Y o r k
do
do
N Y & L o n , B a rin g B ros
Chase N ation a l Bank N Y
F eb 7 1910 5 %
F eb
F eb 7 1910 5%
F eb
Feb 7 1910
F eb
& D Jun e 2 0 1 9 1 0 3 %
&
J Jan 1 1924
&
J Jan 2 1930
&
J Jan 2 1932
O ffice 40 W a ll S treet N Y
do
do
do
do
D L & W 90 W est St
Stan d ard T ru st C o N Y
N ew Y o r k an d L o n d o n
See te x t
& J
J u ly
Q— F
J
& J
J
& J
J
&
J
J
& D
J
A
J
J
&
J
Q—J
J
& J
J
& J
A & O
J
&
J
J
& I)
J
& J
J
&
J
4 g
6
&
&
&
&
J
400 ,000
2 .4 7 9 .0 0 0
10.808.000
200,000
L a s t D iv id e n d
an d M a tu rity
W h en
P a y a b le
&
&
J J u ly 1 1930
S S e p t 1937
5 N assau Street N ew Y k
a 5 1 1 ,5 0 2 ,0 0 0 a d d itio n a l p led ged fo r P a cific E x ten s Ion b o tids
d S u b je c t to call a t 105 a fte r A p ril 1928.
lands (oth er than fo r ra ilw a y purposes) and the ro llin g s to c k o f the E a s t.D lv .
or o f the a b o v e -m e n tio n e d bran ch lines o f o v e r fi m iles
T h ese b o n d s are
u n c o n d itio n a lly gu aran teed as to prln. and Int. b y the G rand T ru n k R y . G o.
See fo rm in V . 80, p . 990; also see V . 80, p . 990; V . 80, p . 794; V . 90, p . 1105.
A lth o u g h the m ortg age to secure the 3% b o n d s guaran teed b y the G overn
m en t ranks b e fo r e th e m tges. securin g A and B b o n d s gu aran teed b y th e
G ra n d T ru n k R y . o f C anada, y e t an a g reem en t sch ed u le to an A ct o f 1904
p rov id es In elTect th a t In th e e v e n t o f d efau lt b y the c o m p a n y fo r 5 years In
p a y m e n t o f the ln t. on the 3 % b o n d s, the re m e d y o f the G o v e rn m e n t shall
b o t o p u t In a m anager w ith the co n cu rren ce o f the c o m p a n y to op e ra te the
W estern D iv ision and to co lle c t and d istrib u te net earnings o f each p a rticu
lar d iv ision p a r i p a s s u be tw e e n the holders o f the b o n d s gu ar, b y the G o v t
and th e h olders o f the b o n d s gu ar, b y the G rand T ru n k R y . C o. In the p r o
p ortion o f 7 5 % o f such earnings to the holders o f the G o v ’ t b o n d s and 2 5 %
to the holders o f the b o n d s o f this division gu ar, b y the G rand T r 'k R y . C o.
In M ay 1909 the D o m in io n G o v e rn m e n t agreed to loan n ot e x ce e d in g
$ 1 0 ,0 0 0 ,0 0 0 , r e p a y a b le In 10 years o r at a n y tim e on 6 m onths n o tice .
Interest th ereon to be 4 % , p a y a b le sem i-a n n u a lly, secured b y the c o m p a n y s
b on d s to the sam e a m o u n t, m atu rin g 1919, gu aran teed prln. and lnt. b y
the G rand T r u n k , u n d e r a m tg e . on the Prairie S e ctio n , s u b je c t to existin g
prior liens.
V . 8 8 , p . 822, 1194, 1061, 1253: V . 90, p . 1105.
L a k e S u p erior branch b o n d s, total Issue lim ited to £ 1 ,550,000 , are se
cu red b y a 1st m tg e. on all the 188-m lle Lake Su p erior D lv. an d are guaran
teed prln . and Int. b y G rand T ru n k R y . C o.
(V . 80. r>. 996.)
In 1909 A cts w ere passed b y the p ro vin ce s o f Sask atch ew an and A lberta,
a u th orizin g th e resp ectiv e p ro v in ce s to g u aran tee, prln. and ln t ., at the rate
o f $13 ,0 0 0 per m ile, first m tg e . b on d s t o be Issued b y the G r a n d T r u n k
P a c i f i c B r a n c h L i n e s C o . fo r the co n s tru ctio n o f new lines, v iz ., 670 m iles
In S a sk a tch ew a n and 491 In A lb erta , to be w o rk e d u nd er agreem en t b y the
G rand T ru n k P a cific R y .
P o w e r Is give n to issue a d d itio n a l b o n d s up to
$2,000 per m ile, m a k in g $15 ,000 per m ile.
In A pril 1910 £ 1 ,270,500 gu ar,
b y S a sk a tch ew a n w ere offe re d a t 98 >4. V . 90, p . 1044, 1165; V . 8 8 , p . 1437.
D E B E N T U R E S T O C K .— In 1906, $2 5 ,0 0 0 ,0 0 0 d eben tu re s to c k w as au
th orized , o f w hich $ 1 5 ,000 ,00 0 (£ 3 ,0 0 0 ,0 0 0 ) l n t . g u a r, b y the G r. T r . R y .
und er certain c o n d itio n s (see V . 84, p . 5 7 0 ), to b e Issued as perpetual d e b .
s to c k ; o f th is, £3,0 0 0 ,0 0 0 w as sold In 1907 to 1909 an d £1,0 0 0 ,0 0 0 w as o f
fered In J a n . 1910 a t £92 4*. V . 8 8 , p . 624; V . 90, p . 303 .
D ed u c t—
R e n t a l s ................................
I n t . on b d s . & d e b . s to c k
A d v . to c o n tr o lle d roads
D iv id e n d s on g u a r, s to c k
Do
l s t p r e f . s to c k
Do
2d p re f. s to c k
Do
3d p r e f. S tock
1909.
1908.
£ 1 5 5 ,2 0 6
£ 155,206
1,082,974
1,067,127
72,154
155,704
(4 )3 9 3 ,6 0 0 (4 )3 8 2 ,4 6 3
(5)1 7 0 ,8 4 1 (5) 170,841
(5 )1 2 6 ,4 2 0 (2 * 4 )6 3 ,2 1 0
.............................................
1907.
£ 1 5 5 ,2 0 6
1 ,069,136
153,350
(4 )3 3 6 .7 7 0
(5) 170,841
(5 )1 2 6 ,4 2 0
(3 )2 1 4 ,9 3 9
1906.
£ 1 5 5 ,2 0 6
1,070,923
41,537
(4)3 12,411
(5 )1 7 0 ,8 4 2
(5 )1 2 6 ,4 2 0
(3)2 1 4 ,9 3 9
B a la n c e ...........................
d e f. £387 sur. £5,473 d e f. £6,477 sur. £8,714
O F F I C E R S .— P r e s .. C h as. M. H a ys: C h m n . o f B o a rd . A lfred W . S m lthe rs.— (V . 90, p. 1165, 1170; V . 91, p 154, 336 , 397 , 518, 1025, 1005.)
_
-
G R A N D T R U N K W E S T E R N R Y .— ( S e e M a p G r a n d T r u n k R y .) — O w ns
fro m P o rt H u ron , M ich ., to C h ic. & W e s t. In d . R R . , a t C h ica g o , .130 m .,a n d
tra ck a g e C h ic. & W e s t. I n d ., 5 m .; to ta l, 335 in. S t o c k . $ 6 ,0 0 0 ,0 0 0 . all
o w n e d b y G r. T r u n k .
V . 69, p. 054; V . 71, p . 28.
B O N D S .— T h e G rand T ru n k u n c o n d itio n a lly g u aran tees the Interest on
the 1st 4s, o f w h ich the last $ 5 6 3,00 0 w ere Issued to retire the N o rth w . G r.
T ru n k 6s on J a n . 1 1910. T h e Incom es h a ve been ca lle d fo r p a y m e n t on
D e c . 1 1910 at 85 an d a n y lnt. then d u e . V . 90, p . 1239.
In t. on In com es,
1 % , p aid on J u ly c o u p o n s In 1902 to 1905, Incl.; 4 % In 1906 t o 1910.
V . 83,
p . 687. J o in t ly w ith T o le d o S t. L ou is & W estern gu aran tees D e tr o it &
T o le d o Sh ore L ine b o n d s.
V . 76, p . 653; V . 89, p 1411.
E A R N I N G S .— 12 m o s ., (1 9 0 9 -1 0 ____ G ross, $ 6 ,2 3 2 ,3 6 2 ; n e t, $ 1 ,850,469
J u ly 1 to Jun e 30.
\ 1908-09____ G ross, 5 ,5 6 1 ,7 1 6 ; n e t, 1 ,798,430
Y e a r e n d in g Ju n e 30 1909, gross, $ 5 ,5 6 1 ,7 1 7 ; n e t, $ 1 ,7 8 6 ,0
c o m e , $ 30 5,42 2; ch arges, $ 2 ,0 4 0 ,6 6 7 : 4 % on In com es, $ 60 ,000 ; d e llc lt, $ 9 ,188 .— (V . 89, p. 1141, 1410; V . 90, p . 1239; V . 91, p. 109o.)
C lR FA T N O R T H E R N R Y . — ( S e e M a p s . ) — O perates a line fro m S t. P aul
M inn, v ia S p o k a n e . W ash i to L o w e l l" W a s h ., on the P a cific co a s t w ith
co a st line to S e a ttle , and num erou s bra n ch e s In M in n esota , N eb ra sk a . N orth
and S o u th D a k o ta , M on tan a. W a s h in g to n , M a n ito b a an d B ritish C olu m b ia ,
a g g re g a tin g , Ju n e 30 1910, 7 ,2 4 7 m iles.
L in e s ow n ed in fe e .
M ile s . I
L in e s ow n ed in fe e .
M ile s .
S t. P a u l., M in n ., t o L o w e ll,
ID u lu th , M in n ., to L a ra m ie, N o .
W a s h .............................................. 1.790 1 D a k .................................................... 325
O F F I C E R S .— P r e s ., Charles M . H a y s , M on trea l, C a n .; S e c ., H e n r y
Seattle to V a n c o u v e r .......... ......... 156 iS t. P a u l,M in n ., to G rand F orks
P h ilip s: T r e a s ., F ran k S c o t t .— (V . 91, p . 214 , 276 , 46 3 , 518.)
1
^
W lllm a r, M in n ., to Y a n k t o n ,
I N o . D a k ------------------------------------ 324
S o. D a k ........ ........... _ ................... 205|V arlous b ra n ch e s _______________3,442
ORAND TRUNK RY. OF CANADA. — ( S e e M a p . ) — Q u e b e c. C a n ., via
G
arretson
,
S
o
.
D
a
k
.,
to
S
io
u
x
\
T r a c k a g e -------------------------------------246
M ontreal t o C h ic ., Ill : also t o P o rtla n d , B u ffalo, D e tro it, T o le d o . & c.
C ity , l a ., and O ’ N eill, N e b . . 208 |
SYSTEM P R O P E R .
I
REPORTED SEPARATELY.
S
p
o
k
a
n
e
,
W
a
s
h
.,
to
N
e
ls
o
n
,B
.C
200
|
T
o
ta
l
Jun
e
30
19
1
0
---------------7
,2
1Z
M i le s . | M a jo r itti stock o w n ed .
M ««•
P a cific J e t ., M o n t., to B u t t e . . 35112d & c.. track s & s id in g s .............2,177
L ines o w n e d ____________________ 2,952 IC entral V e r m o n t * ----------------------- >>31
T
h
e
S
p
ok
a
n
e
P
o
rtla
n
d
&
Seattle
R
y
.
,
420
m
iles,
w
as
c
o
m
p
le
te
d
M
a
y
1909.
L e a s e d — p a rtlu o w n e d .
|G rand T ru n k W e s te rn * 336
V . 85. p. 1273; V . 86, p . 1529.
In th e fiscal ye a r 1009-10 a b o u t 150 m iles
A tla n tic & S t. L a w re n ce , P o r tI E n tir e sto ck o w n ed .
w ere c o m p le te d , a 52 -m lic branch w as nearing c o m p le tio n Ju n e 30 1910 and
la n d ,M e ., to Island P o n d , V t . 165 |D etrolt G rand H aven & MU - - 191
several exte n sio n s w ere In progress. In clu din g o n e fro m F a rg o , N . D ., to
B u ffa lo & L a ke H u r o n __________ 164 | T ol. S ag. & M u sk e g o n --------------9b
S u rre y , 225 m iles. V . 91, p . 1100.
C ln cln . S ag. & M a ck in a w ______
53 | J o i n t l y o w n e d .
In D ec. 1908 C h ic. B u rl. & Q u in cy (Jointly held) acq u ire d c o n tr o l o f C o lo .
O th er lin es _____________________________ 202 I D e tro it & T o le d o S h ore L in e — 79
& S ou th ern , a ffo rd in g d ire ct c o n n e c tio n tor the Illll lines w ith the G ulf o f
V . 87, p. 1664.
In 1909 arran ged t o use Jointly the N orth ern
T o t a l In e a rn in g s_______________________________________ 3,5361
T o ta l r o a d 4 ,7M
6 9e x ico .
P a cific line. S ou th T a co m a t o V a n co u v e r, W a s h ., 135 m iles.
V . 8 8 , p .1 3 7 2 .
Car fe rr y . G ra n d H a v e n to M ilw aukee.
*See separate s ta te m e n t this Co
In D ec. 1909 c o n tr o l w as acq u ire d o f the S p ok a n e & Inland E m pire (E le c
A s to Grant! T ru n k P a cific R y .. sec th a t e o m n a n v a b o v e . V . 79. p. 2587
tric) R R ., op e ra tin g 247 m iles. See “ E le c. R y . S e c t io n ,” V . 89, p. 1596.
On S e p t. 30 1905 began op e ra tin g C anada A tla n tic R y . and g u a r ., prln
O R G A N I Z A T I O N .— In 1907-08 a b s o rb e d S t. Paul M in n. & M an a n d
and In t., Its 4 % b o n d s .
V . 79. p . 967, 1331, 1 6 4 1 ,2 4 5 5 , 2620; V . 85, p .6 0 0
o th e r road s th e re to fo re co n tr o lle d
V . 85, p . 600, 1209; V . 86, p . 168, 794.
In 1909 p u rch a sed s to c k o f P o n tia c O x fo r d <fe N o rth e rn , P o n tia c , M ich.
to C a s e v ille , 100 m ., and assum ed $40 0,00 0 6 % h o n d s . V . 89, p . 154 2' 1347
L A N D S .— D u e fro m land c o n tr a c ts Ju n e 30 1910 ,$ 2 3 5 ,7 6 4 ; land u n sold ,
T h e S ou th ern N ew E n gland R y . w as chartered In A pril 1910 to bu ild
81 i , 225 a cre s, to be re d u ce d a b o u t 660 ,000 acres b y a d ju s tm e n t w ith U. .V
fro m P a lm er, M a ss., at a co n n e c tio n w ith the Central V e r m o n t, to P rovI
S T O C K .— In 1898 surrendered the rig h t to Issue c o m m o n s t o c k , all s to c k
d e n c e , R . I ., w here It Is p lan n ed to c o n s tru ct an e x te n s iv e d o c k system
bein g “ o f a single class w ith u n iform rights and priv ile g e s.
g iv in g th e G rand T ru n k a th rou gh line v ia the Central V e rm o n t fro m
S to ck h o ld e rs in Jan . 1907 su bscrib ed fo r $ 6 0 , 000,000 new s to c k at par,
M on treal to P ro v id e n c e .
V . 91, p . 154; V . 90, p . 4 4 7 , 1044.
p a y a b le In Installm ents to A p ril 1908. V . 8 3 , p . 1469; V . 8 4 , p . 749.
In O ct. 1910 It w as p ro p o se d to a p p ly fo r a u th o r ity to m ake u p a c c o u n ts
D I V I D ’ D S , \’ 92 to ’ 96 (Incl.) ’ 97. ’ 98. ’ 99. ’ 0 0 . ’ 01. 1902 to N o v 1910.
a n n u a lly Instead o f s e m i-a n n u a lly , a cq u ire M ontreal & S ou th ern C ou nties
G t .N o r t h ./ 5 % y e a rly
5 X 6 JI
7
7
7
7 / 0 y e a r ly , Q - I .
(E le ctric) R y ., Issue a d d itio n a l c o n s o l, d e b . s t o c k , & c.
V . 91, p . 102 5,10 95.
A ls o In 1898 5 0 % In Seattle & M on t, s t o c k , w h ich w as then exch an g ed
S T O C K . & c.— T h e a u th o rize d cap ital o n D e c 31 1909 w as £4 8 , 936,364
fo r 4 0 % In G t. N or. pref.
V . 66. p. 1044 . 1188; V . 74, p. 829 .
In M ay,
s to c k (£ 4 5 ,4 3 4 ,0 5 1 Issued and £3 502 ,313 u n issued: a d v a n ce s from the
1901 4*% a n d In N o v . 1907 1 4* % w as paid from earnings o f Lake S u p erior
C a n adian G o v t. In aid o f c o n s tru ctio n a m o u n t to £3.11 1,500.
P erpetual
C o.
V . 85, p . 921 , 1405. A n d In D ec. 1906, u n it fo r u n it. 1 .500,000 shares
c o n s o l. 4 % d e b . s to c k a u th orized b y A c t o f 1882. and later A c t s , has been
o f ben eilclal Interest In the Iron ore p ro p e rtie s. See G eneral M n ances.
Issued from tim e to tim e to a cqu ire securities o f co m p a n ie s c o n so lid a te d and
B O N D S .— S t. P . M in. & M an. c o n s o l , m t g e . o f 1883 Is for $ 5 0 ,0 0 0 ,0 0 0 , of
co n tr o lle d , a m o u n tin g D e c 31 1909 to £8 ,8 4 9 ,1 6 5 . and bearin g an annual
w hich b o n d s are reserved to p a y prior liens.
It Is a first Hen on the land
Interest o f £45 7,04 2. V . 71, p. 84; V . 8 8 , p . 822 , 1194; V . 82, p. 692;
g ra n t, a n d , sin ce retirem en t on N o v . 1 1 9 1 0 o f D a k . e x t . 6s, on 2,549 m iles
V . 8 6 , p. 602, 1100.
o f ra ilw a y In M inn, an d th e D a k o ta s .
V . 64, p . <>18; V . 8 6 , p. 229; V . 87.
S ta tion C o. b o n d s, V . 8 2 , p . 452.
M on treal W a re h o u s in g gu aran teed
p. 1533: V . 88, p . 295, 624, 1061, 1372; V . 91, p . 518. M o n t a n a E x t . m tg e .
b on d s, V . 83, p . 37. G r. T r k . P a c . D e ve l. C o ., V . 8 6 , p. 1042; V .9 0 .P .3 0 6 .
is lim ited to $ 1 0 ,1 8 5 ,0 0 0 .
A b s tr a c t, V . 4 5 , p . 342.
D IV I D E N D S —
. ’ or ’ 99. ’ 0 0 . ’01 ’ 02. ’ 03. ’ 04. *05. ’ 06. ’0 7 . ’0 8 . ’ 09
P a c i f i c E r t e n s i o n m t g e .. £6. 0 0 0 ,o o o , p ro v id e s tor b o n d s at £6,000 per
4
4 4
4
4
4
4
4
G u aranteed 4 % s tock
4
4
4
m ile In M ontana and £7,000 per m ile w est o f M on tan a. V . 66, p . 1044,
5
5
5
5 5
5
F irst p referred ____ .% 5
5
5
5
5
1188 ; V . 8 0 , p . 1111. 1174: V . 90, p . 30 3 . S ee a b s tr a c t o f m tg e ., V . 5 2 ,p .8 2 .
5
5
5
5 2 4* 5
S e c o n d p r e fe r r e d -.
5
5
4
% 3K 3
In 1904 tlie G t. N orth ern and N o r. P a c . had a cqu ired $10 7 ,6 1 2 ,6 0 0 of the
0
2
3
3 0
0
1
2
0
0
.% 0
$11 0,8 3 9 ,1 0 0 C h ica g o Burl. & Q u in cy R R . s t o c k , In e x ch a n g e for their
Joint 20-year 4 % g o ld b o n d s, secured b y the d e p o sit o f the s to ck In tru st,
E A R N I N G S .— 2 m o s ., f 1 9 1 0 _____ G ross, $ 5 ,6 0 6 ,2 0 8 ; n e t, $1,5 6 5 ,5 5 3
on basis o f $200 in b o n d s fo r each $100 s to c k .
See circu la r, V. 7 2 , p. 871 .
J u ly 1 to A u g. 31.
\ 1909______ G ross,
5 ,6 5 9 ,7 3 9 : n e t,
1,5 5 7 ,2 8 0
1034, 1135. and a p p lica tio n to list V 73. p. 294, 903; V . 85. p. 600.
F o r h a lf-y e a r en d in g Ju n e 30 1910, gross, £3,32 1 ,6 3 7 : n e t, £86 5,57 1,
E a s t e r n Ry.. o f M i n n e s o t a . — N o r. D lv . m t g e .o f 1898 lim ited to $0,7 0 0 ,0 0 0
a g ain st £787,271 in 1909; net ch arges, £44 8,89 7; a d v a n ce s , £69,514; d lv .
are red. at 105 a fte r A p ril 1 1928. V . 6 6 , p . 471; V . 8 8 , p . 10 0 2 , 1253.
(2 % ) o n gu ar, s to c k , £197,816: on 1st p re f. ( 2 4 * % ) . £85,420; on 2d pref.
T h e W i i l m a r A S t o u x F a l l s b o n d s a r c g u a ra n te e d .
V . 56, p . 247
( 2 4 * % ) , £63 ,210 ; a d d in g £11,839 on h an d Ju n e 30 1910, leaves balan ce
G E N E R A L F I N A N C E S .— T o ta l fu n d e d d e b t p er m ile o f m ain track
to ’ c a rry forw ard Ju n e 30 1910 £12,552.
V . 91, p . 518.
(4,9 2 4 m .) In the han ds o f the p u b lic J un e 30 1910 , $22 ,2 1 4 .
V . 85, p . 1277.
R E P O R T .— S ta tem e n t fo r 1909 was In V . 90, p . 1165.
v'*
~
”
T r a in -lo a d , 1909-10, 51s to n s, again st 502 In 1908-00.
In O ct. 1906 a c o n tr a c t w as sign ed for a lease o f the ore lands to the U. o .
Y e a r s e n d i n g D e c . 31—
1009.
1908.
1907.
1906.
Steel C o r p .. to c o n tin u e until the ore Is e x h a u s te d , unless the lease Is term i
.......... £6.490.371
£ 6 .180,945
£ 7,144,506
£6.606,528
G ross earnings
n ated on Ja n . 1 1915 u n d er the o p tio n reserved to the Steel C o r p ., on a r o y
T r a n sp o rta tio n expen ses 4 ,8 3 2 ,3 4 0 4 ,4 7 6 ,7 7 5
5,1 9 7 ,4 7 8
4,7 4 6 .3 1 8
alty basis o f $1 65 per ton s t a n d a r d o r e w ith 3.4 cts. per ton Increase each y r .;
m in im u m to n n a ge to be m in e d , 750 ,000 tons d u rin g 1907, w ith 750 ,000 In
N et e a rn in g s.................. £1,667,031
£1,704.170
£1,947,028
£1,860,210
crease ea ch y e a r until 8 ,2 5 0 ,0 0 0 13 r e a ch e d . T h e Iron o re p rop erties w ere
T o ta l n et I n c o m e ____ £ 2,000,800
£1,999,984
£2,220,187
£2,100,993
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., s e e n o te s o n fir s t p a g e]
M ile s
R oad
Qulf & Ship Is la n d — S to c k .
M ortg age gold p a rt d u e y e a rly red a t 101____ M p c '
H alifax & E a stern — F irst m o rtg a g e r e d ________
H a n cock & C a lu m et— See M ineral ita n ge R R
H annibal & St J o s e p h — See C h icago B u rlin gton & Qui n c y
___
307
307
___
75
...
D a te
B onds
Par
V a lu e
____
1902
1908
1907
1909
1905
$100
1,000 A c
A m ount
O u tsta n d in g
1,000
1.000
£100
R a te
%
$ 6 ,7 5 0 ,0 0 0 See te x t
4.984,000
5 g
500,00(1
6 £
600,000
4 g
1 .007,000
5 £
(?)
5 g
W h en
P a y a b le
J— J
J
A
J
A A O
J
A
J
M A N
J A D 30
L a s t D iv id e n d
a n d M a tu rity
J u ly 1 1910 2 % B u ffalo N Y
F e b 1 1052
' M e tro p o lita n T r C o, N Y
do
do
Jan 1 1957
do
do
N o v 1 1939
M e tro p o lita n T r C o, N Y
1955
20 1895
100 A c
300 ,000
J
A
J Jan 1 1916
6 g
& L a n e — S to c k 7 % gu
53 ____
50
1 ,182,550 7M I n ’ 10 J
A
J J u ly 10 1 9 1 0 4 %
F irst M (ex ten d ed In 1883) gu p & 1 Pa R R . . ~
53 1853
500 A c
700,000
4
J
A
J J u ly 1 1913
H a r t f o r d & C o n n e c t i c u t W e s t e r n — S t o c k _______
124 —
100
2 ,9 6 5 ,5 0 0
2
F A A 31 A u g 31 1910 1 %
F irst m ortg a ge e x te n d e d in gold In 190 3............. .
124 1883
1,000
700,000
4 !*
J
A
J
H a w k i n s v & FI S o— 1st M $400,000 g o ld gu ar p & 1
44 1902
1,000
325 ,000
5 g
A
A O 1952
H e n d e r s o n B r i d g e C o — See L o u isville A N ashville R R
H i b e r n i a M i n e R R — S t o c k _____________________ __ . . .
____
100
200.000
6
A A O O ct 10 1910 3 %
H o c k i n g V a l l e y R y — S to c k c o m m o n to be $ 2 6 ,0 0 0 ,0 0
___ ____
100 11,0 0 0 ,0 0 0 4 In 19L J
A
J
C olu m b u s Co H o ck in g V alley llrst m tg e g o l d ____ c
76 1867
500 A c
1,4 0 1 ,0 0 0
4 g
A
A O O ct 1 1948
Col A T o l 1st M g old e x t 1905 (V 81 p 2 1 1 ) . _ _ S .c
118 1875
1,000
2,4 4 1 ,0 0 0
4 £
F
A A A u g 1 1955
F irst con solid a ted m o rtg a g e $2 0 ,0 0 0 ,0 0 0 g o I d - .- C e
346 1899 1,000 A c 16,058,000
4 >4 g J
A
J J u ly 1 1999
Car trusts gold $80 ,000 s-a (V 75 p 7 4 1 )...................... S
1902
—
1,000
240 .0 0 0
4 y i g M A N M a y ’ 11-M ay ’ 12
E q u ip n otes g old Ser A d u e $23 ,000 s - a . .............(Jsni
1907
1,000
299 .000
4
F eb ’ 11 -F e b ’ 17
do
do
Ser B due $48 ,000 s - a ______________
—
1907
1,000
624,000
4
F A A 15 T o F e b 15 1917
do
do
Ser C d u e $37 ,000 s - a ______________
—
1907
1,000
481 ,000
4
A
A O T o A p ril 1 1917
—
1907
do
do
Ser D d u e $20 ,000 s-a (V 85 p 600)
1,000
80,000
4
J
A
J Jan ’ 1 1-July ’ 12
do
do
Ser E due $25 ,000 s - a ____________ _
—
1907
1,000
330 ,000
4
F
A A
do
do
Ser I o f 1908 due $25,000 s - a .S .x c *
1908
1,000
375,000
4 g
F A A 15 T o F e b 15 1918
B on d s o f coal com p a n ie s gu aran teed .
See S u n d a y Creek Co und er " I n d u strlals”
H o n d u r a s N a t — 1st M $ 1 0 ,0 0 0 ,0 0 0 a u th red 105 a ft ’ 15
___ 1910
See t e x t
6
J
A
J
H o o s a c Tunnel & W ilm in g t — 1st M $250,000 auth g .O B
ti <3 1892
1,000
240 ,000
M A
S
5 g
H o u s Belt & T e r — 1st M $ 5 ,0 0 0 ,0 0 0 g red 1 0 5 te x t C c c *
—
1907
1,000
2.203 000
5 £
J
A
J
H o u s E & VV T e x a s — 1st M gu p & 1 b y S o P a c - .U n .c *
191 1893
1,000
2,1 9 9 ,0 0 0
M A N
5 g
F irst m tge $ 3 ,0 0 0 ,0 0 0 gold n ot g u a r a n te e d _________
191 1893
1,000
801 .000
5 g
M A N
H o u s & T e x C R R — 1st M 1 gr g red 110 ln t g u .C e .c * A r
4 53 1890
1,000
1,8 73,000
5 £
J
A
J
C ons M land grant gold red at 110 lnt g u a r .- F .c * Ar
453 1890
1,000
230,000
6 g
A A O O ct 1 1912
G eneral m ortg age gold Interest guar e n d ..A lp .c * & r
453, 1890
1,000
4 ,2 7 5 ,0 0 0
4 g
A A O A p r 1 1921
W a c o A N VV D lv 1st M g $25 ,000 p in ____ C e .c * A r
58 1900
1,000
1,105,000
6 g
M A N
Au stin & N W (m erged ) 1st M g gu p & L . M p . c ’ Ar
103 1891
1,000
1,920,000
5 g
J
A
J July 1 1941
F t W o r th & N ew O rleans 1st M (W a x to F t W orth )
41 1895
1,000
6
709,000
J
A D D ec 1 1925
O T e x A N W 1st M gu ar So P a c (G ar to W a x ) ____ F
12 1881
1,000
6
180,000
A A O Oct 1 1911
M o rtg a ge on cut-olT $ 3 ,0 0 0 ,0 0 0 a u t h o r i z e d ..
94 1910 ..................
See t e x t
6
1940
H a r r i s b u r g P o r t s m o u t h A lt J o y
transferred to L ou is W . H ill. J am es N . H ill and W a lte r J . H ill as trustees,
the 1 ,500,000 shares o f beneficial Interest In th e trust equa l to the n u m ber o f
?Jl_arcs
s to c k held b ein g Issued D e c. 1906 to G reat N o rth e rn s to ck h o ld e rs.
The profits fro m the Iron p ro p e rtie s, a fte r llrst d e d u ctin g the 8 0 c. per ton
p a y a b le to the G t. N orth ern R y . fo r c a rry in g the ore to the d o c k s on Lake
S u p erior, w ill be d is trib u te d a lo n g w ith a n y profits fro m o th e r ore leases
at least o n c e a y ear t o th e holders o f the trust ce rtifica te s.
See V . 83,
p. 81 8 , 969 , 1228, 1290; V . 8 4 , p . 635 , 693, 749 , 996; V . 86, p. 855.
First
d lv . on ore c e r ts .. $1 per share, paid S en t. 16 1907; March 16 1908, *1S e p t. 15 1009, $1; M ch . 15 an d S e p t . 1910, 50 ce n ts e a c h .
V . 87, p . 7 4 0 ’
036: V . 00, p . 562.
E A R N I N G S .— 2 m o s ., / 1 9 1 0 ____ G ross, $ 1 1 ,6 6 8 ,0 3 0 ; n et, $4,621 183
J u ly 1 to A u g 31.
1 1909____ G ross,
1 0 ,872,851 ; n e t,
4 669 061
R E P O R T .— F o r 1909-10 In V . 91, p . 1091, 1090; e d ito ria l, p. 1068.
1909-10
1908-09.
1907-08.
A v e ra g e m iles o p e r a t e d ........ ................ ..
7,020
6,808
6 594
P assen ger e a rn in g s...................................$ 1 4 ,3 1 1 ,8 0 0 $10 ,9 7 7 ,9 4 8 $1 1 ,1 8 0 ,5 5 3
F reigh t .......................
4 6 ,6 7 5 ,7 3 4
3 9,404,811 4 0 ,3 1 1 ,4 2 0
M all, express, A c .......................................
3 ,2 1 4 .9 3 4
3 ,0 1 7 ,7 0 3
2,711 100
O th er than tr a n s p o r ta tio n .......... ............
262 .902
226 ,982
217 560
G ross o p e ra tin g rev en u e s___________ $6 4 ,4 6 5 ,3 7 0 $5 3 ,6 8 7 ,4 4 4 $5 4 ,4 2 0 ,6 3 3
N et o p e ra tin g re v e n u e ________________ $21 ,856 ,98 1 $ 18 ,812 ,78 3 $1 6 ,3 2 8 ,9 6 2
G ross c o r p o r a te In c o m e ............................ $ 23 ,113 ,80 0 $ 22 ,566 ,58 3 $2 0 ,1 6 4 ,4 7 7
D ed u ct —
R en ta ls p a i d __________________________
$255,228
$23 0,89 0
$ 1 ,3 4 7 ,4 3 6
H ire o f eq u ip m en t b a la n c e ___________
125,387
B o n d Interest a c c r u e d ________________
4 ,8 2 3 ,1 8 4
4 ,7 2 6 ,5 3 6
3 ,6 7 0 ,8 6 5
G u a ra n ty K o o t. R y . & N a v . d e b e n
ture s to c k In terest___________________
118,177
121,723
155,862
l n t . a c c r d . o n su bs, fo r a d d . s t o c k
_
2 ,0 3 8 ,4 2 7
D iv id en d s on s to c k , 7 % ............. .............. 14,608 663
1 4,607,473
1 0 ,483,055
B a la n ce, tra n sf. to fu n d fo r p e rm ,
im p ts. and r en ew a ls.........................$3,093,161
$ 2 ,789,961
$ 2 ,4 0 8 ,8 3 2
D irectors— J . J . III11, F re d e rick W e y e rh a e u se r, E . S a w y e r, R . I . F ar» r ? V ° ,n ’ « • A . J a c k s o n , S am uel T h o rn e , L ou is W . H ill, W in . B. D ea n . E T
N ic h o ls .— (V . 90, p . 607, 1490, 1613; V . 91, p 154, 518. 1025. 1091 1099 )
G R E E N B A Y & W E S T E R N R R . — R o a d o w n e d fro m G reen B a y , W ls
to M arshland, W ls ., 209 m iles; bran ch es, 13 m .; tra ck a ge to W in o n a , 4 iri!
H I S T O R Y .— A reorga n iza tio n Jun e 5 1896 (per plan In V . 01, p . 47 1 ).
S E C U R I T I E S .— T h ere are n o fixed charges on th e p r o p e r ty o th e r than
ta x e s , nor can a n y be p laced thereon , or the p r o p e r ty be so ld or leased
w ith o u t con sen t o f 7 5 % o f s to c k . Class A deben tu res are e n title d to 214%
in terest. If earn ed, then c o m m o n s to c k to 2 44 % , then the tw o share r a t a lit v
b u t a fter 5 % on b o t h , class B Is e n title d to all surplus ea rn s.
V . 61. p . 471"
D IV ID E N D S —
’ 98.
’ 99. '0 0 . ’01. ’ 02. ’ 03. ’ 04. ’ 0 5 -’ 07. ’ 08. ’ 09 ’ in
Class “ A " d e b e n .% 2 H
2J< 2 H 3
4
4
4 5 y ’ ly .
5 5 ' .5
S t o c k -------------------% —
114 2
3
4
4
4 5 y ’ ly .
5 5
5
Class " B ” d e b e n . % ...................................................................... ..
1% H
X
E A R N I N G S .— 12 m o s .,1 1 9 0 9 -1 0 ..........— G ross, $ 60 9,69 2: n e t, $21 1,62 5
J u ly 1 to Ju n e 30.
(1 9 0 8 -0 9 ---------------G ross, 5 81 ,617 ; n e t, 175,237
R E P O R T fo r y ear en d in g D e c. 31 1909 In V . 90, p . 842 .
C a l.
Y ear.
G ross
N e t a fter
E a r n in g s .
T a xes.
D iv . on
D c b .“ A ” s.
D iv id e n d
o n S to ck .
D iv . on
D e b ." B " s .
B a la n c e ,
S u rp lu s.
1909 ...$ 5 8 8 , 9 1 9 $ 1 7 2,91 0 (5 )$ 3 0 ,0 0 0 (5 )$ 1 2 5 ,0 0 0 (T O $ 1 7 ,5 0 0
$410
1908 . . . 602 ,106
182,037 (5) 30,0 0 0 (5) 125,000 [ % ) 26,2 5 0
.„
787
D I R E C T O R S .— S. S. P a lm er, P res.: Charles W . C o x , S ec. and T r c a s ..
40 W all S t.; C. I.c d y a rd B lair, J . A . J o rd a n , VV. J .W ils o n .— ( V . 9 0 , p. 84 2 .)
G R E E N E R R . — O w ns ro a d fro m C h enango F ork s to G reen e, N . Y ., 8
m iles. L eased to D elaw are L a ck . & W estern fo r term o f charter fo r 6 % on
s to c k . S to c k . $20 0,00 0; par. $100.
D. L. A W . ow n s $20 0,00 0 7 % b o n d s
G R E E N W I C H & J O H N S O N V I L L E R R . — See page 165.
G U A Y A Q U I L & Q U IT O R Y . — See page 66.— G U L F & I N T E R - S T A T E
«v V »“~oCC p . 100.
G U L F L I N E R Y . — O w ns A s h b u rn , G a ., to B r ld g e b o ro , 32 m iles; track,8 ™ 'k‘s: leascs (to April 1 1953, w ith o p tio n to
Purchase) H a w k ln svllle A F lorid a S o u th e rn , H aw k ln svllle to W o r th , 44
m iles, to ta l, 79 m .
E x ten sio n p ro p o se d from B rld g e b o ro t o C am illa, 40 m
S ' ‘ °nJ '2as£ 2™ ca p ita lists ea rly In 1910.
V . 90, p. 502. S to c k a u t h .,
i i ° ! ' s a u t h y S 32 o,00 0 3 0 -y r . g o ld 5s, A tlan ta (G a.) T ru s t C o .,
M 3 6 336 agai ns t 1M
J! n, 9 'n/ o r y ° ar e n d in g Jun e 30 1909, gross,
$ 13 0,33 6, again st $ 1 14,o20 In 1907-08; n e t, $ 3 4 ,4 9 1 , again st $ 1 ,0 5 6 .
Pres
p f 4 26 : Al ' ^ L p ’. 847', 502 )T r c a 8 ’ ’ G c o ’ L - T w lg g , S y lv e s te r , G a .— ( V . 8 0 .
G U I / & S H I P I S L A N D R R . — C o m p a n y ow n s fro m G u lfp o r t, on
M ississippi S o u n d , G u lf ot M e x ico , to J a c k s o n , M iss., 160.5 m .; C olum bia
!m V>»Sc
t. ° . M1enA e,nha. 1’ *b l -75 m • B ran ch fro m S a ra to ga to L aurel
4L 7 ? “ 'iS r
307. " J " 0,3 ’ ■■ U n p o rta n t h arbor Im p ro ve m e n ts h a v e been
c o n s tru cte d a t G u lfp ort, In clu din g an e x te n s iv e system o f d o ck s , piers A c ’
also a chann el 7 m iles lon g e x te n d in g to deep w ater.
“
S T O C K .— C apital s to c k , $ 6 ,5 0 0 ,0 0 0 (p a r o f shares, $ 1 0 0 ), o u ts ta n d in g .
D I V I D E N D S .— A p ril 1903 to J u ly 1910, 4 % y e a r ly .
V . 8 8 , p. 1020.
B O N D S .— O f the first 5s ($ 5 ,0 0 0 ,0 0 0 a u th o r iz e d ), $ 4 ,9 8 4 ,0 0 0 are o u t
sta n d in g rem ain in g $16 ,000 bein g reserved to retire a like a m o u n t o f old
b on d s still ou tsta n d in g . A ye a rly sin k in g fu n d o f 1 % o f b o n d s o u tsta n d
ln g , w hich b eca m e o p e ra tiv e Ja n . 2 1905, m a y pu rch ase b o n d s at not
ex c e e d in g 110, b u t the la tter ca n n o t be draw n ; b o n d s so p u rch ased to be
k ep t aliv e In the sinking fu n d as an In v e stm e n t. O n Jun e 30 1910 $343 000
b on d s w ere In the sin kin g fu n d . Sec V . 74, p . 426 , and a p p lic a tio n to’ list
V . 74, p 1257: V . 81. P- 264
T h e m tg e . gold 6s o f 1908 (ff.OOO OOO o rlg l
nal issu e), o f w h ich $50 0,00 0 m a tu red A pril 1 1909 an d 1910 a n d rem ain in g
P l a c e s W h e r e I n t e r e s t a n il
D iv id e n d s a r e P a y a b le
C entral T ru s t C o N Y
C o m p a n y ’ s O ffic e P h lla
do
do
H a r tfo r d
do
U nion S B & T r C o CIn
See^Central o f N ew Jersey
“
M organ A C o N Y
do
do
do
do
do
do
do
do
U . S .M . A T r . C o ., N . Y .
L in co ln T ru st C o ., N . Y .
M e r c h .L .A T r .C o ., C h ic
■"
Tr.<5c S. B k .. C h ic.
do
do
do
do
do
do
lew '
do
do
do
do
do
r o a d , are secu red on en tire p r o p e r ty , s u b je c t t o first r e f. 5s
V . 8 6 , p . 54 7 ,
1100. Car trusts Jun e 30 1910, $ 1 4 0 ,0 0 0 .
E A R N I N G S .— 2 m o s .,/1 9 1 0 .................... G ross, $ 3 1 5 ,3 6 1 ; n e t, $108,33
,331
J u ly 1 to A u g . 31.
1 1909-----------------G ro ss,
3 1 3 ,8 5 8 ; n e t,
78,58
.584
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1910 In “ C h ron icle ” O
O ct
ct. 2
29
or N ov.
Y ear—
G ross.
N e t.
O th er I n c .
C h a rg es.
B a la n c e .
1909-10 ............$ 2 ,0 9 4 ,0 7 6
$ 6 4 8,19 0
$14 ,170
$371,021 $29 0,33 9
1908-09 --------- 1 ,873,196
i7,702
. iv a
s4u0/.o
ssu
u rr.4
. 4,000
404.761
7 .8u0a5
,6 5 8
D iv id e n d s ( 4 % ) paid d u rin g 1909-10, $26 2 ,5 0 0 , a g s t. $ 2 4 2,50 0 In 1908-09
P r e s ., J. T . Jo n e s, B u ffa lo , N . Y . — (V . 90, p. 447 ; V . 91, p . 655, 1095.)
G U L F T E R M I N A L CO., M O B I L E . — O w ns u n io n p a ssen ger s ta tion an d
a p p ro a ch e s at M obile. A la ., leased b y the S ou th ern R y . an d M o b ile A O h io
R R ., w hich ow n the s to c k and gu aran tee the b o n d s Join tly an d s e v e r a lly ,
p . A 1., b y e n d . F ran k lin T ru s t C o ., N . Y . . Is m tg e . tr u s te e .
V . 8 4 , p . 50
T £ X A S & W E S T E R N RY . — P r o je c te d fr o m B u rr’s F e r r y to
B e n ja m in , l e x , 475 m iles, o f w h ich J a ck s b o ro to o l n e y , 40 m iles, had
e t fd |n G ot- 1909 ar,d 35 m iles to S e y m o u r o n Ja n . 15 191 0.
a y ittnnrlzeA, i * 5 9 0 .0 0 0 ; o u ts ta n d in g J u ly 1910, $50 ,000 ; p ar of
f,o?,re? ’
P * th e first 5s ($ 1 0 ,0 0 0 ,0 0 0 a u th o r iz e d Issue), $ 1 ,0 0 7 ,0 0 0
V K ! ) n
nnaedi
le\?rSor>50 ^ c o m p l e t e d fro m J a c k s b o r o to M egargel.
A,’ ?
,7
1223v V ’, °.0, P- 109.
E q u ip m e n t tru sts, $27 ,200 5s due
s e m i-a n n u a lly fro m a b o u t A u g . 1909. P res., J . J. J e rm v n S cra n ton P a *
V lce -P re s . an d C h airm an o f B o a rd , R o v C. Mccrarcrel 5 N assau St
N v *
V lc e -P r c s. and G en . M gr
B en B*. c X ? D a l l l s ' T e x . l e c a n d ' T r e a l ':
W . F ra n k K n o x , D allas, T e x .— (V . 8 9 , p . 9 9 3 , 1223.)
H A R R I M A N & N O R T H E A S T E R N R R . — H arrlm an t o P e tro s , T c n n ., 20
m iles.
In Jan . 1903 entire s to c k a cq u ire d In th e Interest o f th e C incinnati
N ew ° t
P jtc'flc R y - . b u t Is op e ra te d s e p a ra te ly .
V . 76, p .
157. In 1907 a d iv id e n d o f 4 % an d In Ju n e 1908 2 ^ % w a s p a ld fr o m a c
c u m u la te d su rplu s. S to c k , $ 60 0,00 0.
Y e a r to Ju n e 30 1908, gross. $ 1 1 1 ,
138; n e t, $32 ,402 ; c h g s ., $22 ,982 ; b a l., s u r ., $ 9 ,4 2 0 .— (V . 7 6 , p . 212 .)
H A R T F O R D & C O N N E C T I C U T W E S T E R N R Y — H a r tfo r d , C o n n ., to
R h ln e cliff, N . Y . , 110 m iles, and b r a n c h , 14 m iles.
Leased till A u g . 1940
to Cen tral N ew E n gla n d R y . (n o w c o n tro lle d b y N ew Y o r k N ew H a ven A
H a rtfo rd R R . ) , the rental p a y in g charges and 2 % per a n n u m o n th e s t o c k ,
o f w h ich $ 1 ,6 4 0 ,0 0 0 ow n e d b y lessee.— (V . 83, p. 213 , 1290.)
H A W K I N S V I L L E & F L O R I D A S O U T H E R N R Y . — W o r th t o H a w k ln svl e G a .. 44 m iles.
Leased M ay 1 1907 to G u lf L in e R y . u n til A p ril 1
1952, w ith o p tio n o f p u rch a se.
V . 84. p . 1247.
S t o c k , $10 0 ,0 0 0 ,
a cq u ire d In A p ril 1904 b y G eorgia Sou th ern A F lo r id a , w h ich guaran tees
b o n d s (sec ta b le a b o v e ) , p rin cip a l an d Interest.
Y e a r e n d in g Jun e 30 1907.
gross, $55 ,174 ; n e t, $8,247; total d e d u c ., $ 13 ,542 ; b a l., d e f., $ 5 ,295.
P r e s ., J . B . M unson: T r e a s ., W . P . H o p p e r , M a co n , G a .— (V . 8 4 , p . 1247.
H I B E R N I A M I N E R R . — O w ns R o c k a w a y t o H ib e rn ia M in es, N . J .:
4 « m . Leased to C en t, o f N . J . 1890 to O ct. 1 1910 a t $12 ,0 0 0 y e a r ly .
H O C K I N G V A L L E Y R Y . — T h e c o m p a n y ’s m ain line e x te n d s from
R o c k w e ll to C o lu m b u s , 120 m iles; C olu m bu s to A th e n s , 76 m .; L o g a n to
P o m e r o y .83 m .; to ta l m ain line, 279 m iles, w ith tra ck a g e (P e n n . R R .
s y ste m ) T o le d o to W a lb r ld g e , 5.5 m .; (L . S. A M . S . R y .) T o le d o to R o c k
w e ll. 2.5 m .; (P . C. C. A S t L . R y .) C o lu m bu s, 0 . 5 m .; total m ain line an d
tra ck a g e , 28 7 .5 m iles.
B ra n ch e s, 45 m .; leases W A J . B . R y ., D u n d a s to
J a c k s o n , 17.5 m .; to t a l, 350 m iles; se c o n d tr a c k , 50 m iles.
... J P ^ P G R Y , A c .— S u cce sso r F e b . 25 1899 per plan V . 6 8 , p . 231 , of
C o lu m bu s H o ck in g V a lle y A T o le d o R y . fo re clo s e d . T h e coa l lands a g g r e
ga te a b o u t 20.97.) a cre s, an d are c o v e r e d b y the co n s o lid a te d m o r tg a g e .
1S 1®;000;,000 p re f. s to c k w as ca lle d fo r p a y m e n t a t p ar on
alv^iit 8 1o 9nnnan n n < LSSv? ,u tlon o f a te m p o ra ry In ju n ctio n w as r etired ,
T n ? ^ L 5 l 0n0h°i^’ r?.?1, th f reo^ 5 elnfr provl(lc(l
th e sale o f th e h o ld in gs In
rem M n dC T °borrow ed 1
n * W estern s to c k (see be lo w ) an d th e
rem ain d er b o rro w e d .
The s to c k h o ld e r s w ere t o v o t e M ay 11 1910 on
w r «a, ? t i n n rtZe? <-o m .m on s to c k from $ 1 1 ,0 0 0 ,0 0 0 to $ 2 6 ,0 0 0 ,0 0 0 ,
b u t a c tio n has been restrained p e n d in g trial o f th e suit o f th ree m in o rity
s t o c k h o l d e r . V . 9 0 . p . 976 1239. 1296, 1363, 1614 ; V . 91, p . 154.
X
<,11 non non ^ L 0 F ^ ’.i&C-~ : Th,c C h esa p ea k e A O h io o w n s $ 7 ,5 0 1 ,8 0 0 o f th e
o u ts ta n d in g s to c k (In clu d in g $ 6 ,3 4 7 ,8 0 0 a cq u ire d In M arch
*910. U }? L a k e S h ore A M ich . S o u . an d Ches. A O h io a c q u ir e d th e K a n a
w h a A M ichigan s to c k fo rm e r ly held In the Interest o f the H o ck in g V a lley
a n d the L a ke Sh ore pu rch as?d n early a ll the s t o c k o f th e T o le d o A O h io
Cen tral (th e la st-n a m e d h a v in g been held b y the K a n a w h a A M ichigan ) an d
all the s to c k a n d b o n d s o f th e Z an esv ille A W e ste rn .
V . 90, p . 771, 8 4 9 ,9 7 7 .
D I V I D E N D S .— O n c o m m o n , J u ly 1901 to J a n . 1907 In ch , 3 % per a n n u m J u ly 1907, 2 % ; 1908 t o 1910, 4 % (J . A J . ) .
B O N D S .— T h e con sols ($ 2 0 ,000,000 au th orized) b esid es a lien o n the
entire p r o p e r ty , s u b je c t o n ly to $ 3 ,8 4 2 ,0 0 0 prior b o n d s , h a v e a first lien on
all the coal lands: $ 3 ,8 4 2 ,0 0 0 con sols are reserved t o retire the e x is tin g b o n d s
(th e la tte r m a y b e e x te n d e d at m a t u r it y ).
V . 72. p. 338" V 74 n
1038: V . 8 6 , p . 229. S u b sta n tia lly all o f th e b o n d s an d s to c k ' o f th e
O h io L a n d A R y . C o . an d th e W e lls to n A Ja ck so n B elt R y .. 18 m iles are
d e p o site d u nd er said m tg e . V . 6 8 , p . 823 . G u arantees K a n a w h a A H o ck in g
Coal A C ok e C o. b o n d s. V . 74, p. 271; V . 77, p . 2393- V . 81 p 507 7 8 1 also C on tin en tal C oal C o . b o n d s . V . 75, p . 497, 987; V . 88 p 1127 In’ June’
1908 c o n tro l o f S u n d a y Creek C o w hich op e ra te s all th e c’oa i pro p e rties (see
“ In d u strials ’ ) , w as s o ld , to be held In tru st an d re -c o n v e v e d t o c o m n a n v
If a u th o r ita tiv e ly d e c id e d th a t H o ck in g V a lle y R y . has a H ght t o h o ld I t .
E A R N I N G S .— 2 m o s . , 11910..................G ross, $ 1 ,4 1 5 ,6 5 0 ; n e t, $587,493
J u ly 1 to A u g . 3 1 .
11909..................G ross,
1 .2 3 1 ,4 1 9 : n e t,
509 ,950
A N N U A L R E P O R T .— T r a ffic is m o s tly fre ig h t, an d o v e r 6 8 % o f this Is
b itu m in o u s c o a l.
A v e ra g e tra in -lo a d Is large— In 1910, 649 ton s
.
R e p o r t fo r y e a r e n d in g Ju n e 30 1910 In V . 9 1 , p . 863 , 884
^ sc
Y e a r e n d i n g .J u n e 3 0 —
1909-10.
1 90 8-0 9.
1907-08 ”
O p e ra tin g r e v e n u e ..................................... $ 7 ,5 6 9 ,3 3 0
$ 5 ,8 7 8 ,4 1 4 $ 5,841,763
N e t (a fte r t a x e s ) ..........................................
2 ,6 2 7 ,5 8 0
1 ,7 1 6 ,5 9 2
1,5 3 3 ,8 8 7
O th e r In c o m e .................................................
1 ,0 9 0 ,9 8 9
1 ,0 0 8 ,9 9 5
1 ,019,926
G ross c o r p o r a te n c o m e . . .....................$ 3 ,7 1 8 ,5 6 9
$ 2 ,7 2 5 ,5 8 7 $ 2 ,5 5 3 ,8 1 3
RAILWAY STOCKS AND BONDS
[V°l. lxxxxi
JJowell
Nalrusp
O kanagan
O c t .,
Lytton
1 9 1 0 .]
Kaslo
North Bend
Ft.McLeo<
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North Yakim:
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Elalbert
U t.St.M elerr
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Musselshell
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5 w A « \ & r L < ^ Dayton
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B ig Horn,
J ^ ^ ^ A je /W a it s b u r g h 0
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Stitesc
Jlocketts
Anaconda'
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GOlDENDALE
Huntje's:
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Powdcrville,
Quati/ja .Uhena
.Ft. Custer
^
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N o r r is
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Salmon City.
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Dillon
Woodburn
Aberdeei
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Cinnabar'
Crown
Rock
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.G r e a t P a y e t t e L .
° Mammoth Hot Sprs.
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Baker City'
/
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Sheridan'
< Bonanza City0
U = ir
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YELLO.WSTONE
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hNATIONAL ___ %■
lbany
t f f ,a
1Sumter
•brvallisi
Vanw yek
Central
DayvilleVuJohn
fi:ty eU o w s lo n e~ L a k e
^ Lebanon %.
^
B u f f a l o <5
Beaver Canon V" //ir ‘ ^ 7
[Huntington
Prineville|
^ e a d w o i^ V ^
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syt Weiser
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Gate Citj\
, L/vJS.Bend u[
^ S u 'y >V3hehaJist
.Ellenxburg
M tR a jn ie^ tJ
1
Hooky Bar
GREAT NORTHERN RAILWAY
Boise C ity
Ketchum
Hailey
Edggmoi
Blackfoot
(W E ST E R N SECTION)
ih o s h o n e J c .
American fa lj
Pocatello
idero
o Lyons
Douglas
Cmwford
RAILWAY STOCKS AND BONDS
i«J*1®viilo6s'.nr?^^, if r
MARCUS’ t V ^
Meyers r'aijsa
Colviik'Y^
ChewelaliV w
'
Vatley^v
Sprmgdalet
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., se e n o te s o n fir s t p a g e]
M ile s
R oad
D a te
B onds
H u d s o n C om p a n ies— S to c k an d n o te s, see te x t .
1907
H u d son & Manhat— 1st M $10 0 ,0 0 0 ,0 0 0 c o n v . S . x c * Ar
1902
N ew Y o r k A Jersey first m o rtg age red l l O - . G . c *
1909
Car trusts $46,000, duo s e m l - a n n ________________ G
70
H u n tin g d o n & B road T o p — C o m m o n s t o c k ------------------70
P referred s to c k 7 % n o n -c u m u la tlv e --------------------------70 1854
F irst M ex ten d ed In 1890 (In terest o n ly In g o ld ) - - G P
70 1857
S econ d M o ld 7s e x te n d e d In 1895 p & 1 g o l d -------GP
70 1865
T h ir d M con sol e x te n d e d In g o ld In 1 89 5____ G P .c *
1 99
14th Ser car trust $29 ,000 y e a rly D e c 1-----------P eP
1907
Car trusts g old d u e $33,000 y e a rly (V . 84, p 1424)
103 1907
Idaho & Wash Nor— First M g red t e x t ------- --------IC
1909
Idah o S outhern— 1st lien n otes part due y r ly red 102 Vi
Illin ois Cen tral— S to c k $ 1 2 3 ,5 5 2 ,0 0 0 ----------------------------Leased line 4 % s to c k gu a ra n te e d (see r e m a r k s )------1875
F irst m tge otl S terlin g b o n d s o ld 6s e x te n d In 18951
1875
1 8 7 4 t o r i S terlin g b o n d s e x te n d e d In 1 9 0 5 — I
1886
706
$ 1 5 ,0 0 0 ,00014s o f 1886 due 1951 g o l d -------c * A r [
1886
secures a 1 1 3 H s o f 1886 due 1951 g o l d . . . c * A r i
1895
eq u a lly -U s| 3 s o f 1895 due 1951 g o l d -------c*Ar|
1903
(V 83, p 76) J 3 s Of 1903 due 1951 g o l d - - . c * A r J
1886
T r u s t b on d s s terlin g (sec b y Ch S t L & N O cons) .U s
111 1897
First M Sp D Iv ref M (V 66. p 1237) g -------U s .x c * A r
131 1881
K a n k A S W 1st M O tto to N orm al Ju n e A b r -------r
1892
C airo B ridge b o n d s g o ld (sec re m a r k s )-------U s .c * A r
St L ou is D lv A T erm M $ 1 0 ,0 0 0 ,0 0 0 g o l d . U s .x c * Ar 1 239 j 1897
11897
do
$ 5 ,0 0 0 ,0 0 0 (See V 65. p 1173) g .U s ,x c * A r
17 1883
U n d erly in g S t LI B ellevu e A C a ron d elet 1st M . . c *
30 1886
D lv A T e r r a in -)S t L ou is S ou th ern 1st M g ._ A le ,c *
17 1887
al M ortgage . .J C a r b A Shaw 1st M g o l d . . . . c *
748 1904
P u rch a sed lines 1st M $2 0 ,0 0 0 ,0 0 0 g o l d . . U s .x c * A r
2,015 1908
R e fu n d in g m ortg a g e g old red ( t e x t ) ---------Q x c * A r *
857 1888
C ollateral trust b on d s g o ld $ ---------------------U s .c * A r
798 1892
C oll trust $2 5 ,0 0 0 ,0 0 0 g o ld on L N O & T . . U s.c* Ar
218 1894
W estern lines first m ortg a g e g o ld -----------------U s c * A r
567 1881
Ch St L A N O cons M ($1 8 ,0 0 0 ,0 0 0 ) g lnt g u . . c * A r
567 1897
do
gu aran teed p rin cipa l an d I n t e r e s t ...............
100 1889
M em phis D lv 1st M g o ld gu ar p A I ( e n d ) - - U s . c *
a In clu d es
$ 5 ,2 6 6 ,0 0 0
co n s o l
cu re I Ulnols
5s
Y e a r e n d i n g J u n e 30—
190 9-1 0.
F ix e d ch arges, A c _____________________ $ 1 ,1 7 8 ,8 0 4
D iv id e n d s o n p r e fe rr e d _______________
533 ,028
D iv id en d s on c o m m o n , 4 % --------------4 4 0 ,0 0 0
I m p r o v e m e n ts _________________________
101 ,7 5 4
1908-09.
$ 1 ,2 0 9 ,5 9 7
6 0 0 ,0 0 0
4 4 0 ,0 0 0
79,6 5 5
Par
V a lu e
%
Cen tral c ollateral tru st b o n d s
190 7-0 8.
$1,189,131
®09 ’ 999
4 40 .000
1 0 1 ,7o4
H O OSA C T U N N E L & W I L M I N G T O N R R — See page 166.
H O U S T O N B E L T L I N E & T E R M I N A L R Y . — O w n s a term in al line
In an d a rou n d H o u s to n , T e x ., 20 m iles, w ith large freigh t and passenger t e r
m in als. C on trolled b y fo u r p r o p r ie ta ry ro a d s , v i z .. C ol. S o u th e rn , N ew O r
leans & P a clllc (S t. L ou is A San F ran . ) , T r in ity A B razos V a lle y (C ol. S o u th
e r n ), S t. L ou is B row n sville & M e x ico and G u lf C o lo ra d o A S an ta Fe (A t c h i
son s y s te m ), w h ich each o w n s o n e -fo u rth o f th e s to c k and under a 9 9-year
lease from J u ly 1 1907 agree to p a y u n d er a p ro rata w heela ge basis o p e r a t
ing exp en ses. Interest on b o n d s an d ann ual sin kin g fu n d o f 1 % o f b o n d s
Issued
V 86 p . 285: V . 89, p . 1668.
I n c o r p o r a te d A u g. 31 1905 w ith
$25 000 (n om in a l) s t o c k . T h e 5s o f 1907 ($ 5 ,0 0 0 ,0 0 0 a u th . Issue) are s u b
je c t t o call as a w h ole a t 105 a fte r J u ly 1 1917 or fo r a yea rly sinking fu n d
o f 1 % o f th e a m o u n t ou ts ta n d in g .
In 1909 T e x a s R R . C om m . a u th . Issue
o f $ 2 ,2 4 6 ,0 0 0 b o n d s, o f w h ich $43 ,000 retired b y sin k in g fu n d to Ju n e 1910.
— (V . 8 8 , p . 883 , 125 3, 1313: V . 89, p . 1668.)
H O U S T O N & B R A Z O S V A L L E Y R R . — See p a ge 166.
H O U STO N E A S T & W E S T T E X A S R Y . — ( S e e M a p o f S o u t h e r n P a c i f i c .
O w ns from H o u s to n , T e x a s , to S ab in e R iv e r at L o g a n s p o r t, 191 m iles.
S tock $1 ,9 2 0 ,0 0 0 . o f w h ich $ 1 ,9 1 8 ,2 0 0 o w n e d b y S o . P a c. C o ., w h ich has
g u aran teed $ 2 ,1 9 9 ,0 0 0 o f the b o n d s , prln . an d ln t ., b y e n d o rse m e n t, r e
serv in g the rig h t to redeem them at 105 an d ln t. on s ix m o u th s ’ n o tice .
D lv . 1 6 % paid in 1902-03 and 3 0 % In 1907-08 o u t o f accu m u la te d
surplus. G u a ra n ty , V . 70. p. 841; V . 71, p . 236.
Y e a r 1908-09, gross, $ 1 ,2 3 6 ,0 5 8 ; n e t, Incl. o th e r In c., $ 45 0,08 1; ch arges,
$ 23 4,75 6; b a l., s u r ., $ 2 1 5 ,3 2 5 .— (V . 78. p . 238 4.)
O A D . — (.S ee M a p o f S o u t h e r n
P a c i f i c . ) — O w ns from H o u s to n , T e x a s , to D en iso n . T e x a s , 338 m iles; H e m p
s tea d , T e x a s , to L la n o. T e x a s , via A u s tin , 215 m iles; B rem on d to R o s s ,
T e x a s , 55 m .; G arrett to F t. W o r th , 53 m .; M exla to N e llcv a , 94 m .; o th e r ,
34 m .; to ta l, 789 m . S u cce sso r 1893 to r a i l w a y fo re clo s e d . V . 4 5 , p .7 9 2 , 820.
S T O C K .— S to c k , $ 1 0 ,0 0 0 ,0 0 0 . of w h ich the S ou th ern P a cific C o . o w n e d
$ 9 ,9 9 8 ,3 0 0 , p ar $100.
V. 76. p . 1084, 1102, 1407.
In 1902-03 a d iv id e n d
o f 6 % w as p aid o u t o f a c c u m u la te d su rplu s. V . 7 6 , p . 1407.
B O N D S .— T h e b on d s are be in g g ra d u a lly r e d u c e d w ith pro ce e d s o f lan d
sales. T h e f i r s t m o r t g a g e w as fo r $ 8 ,6 3 4 ,0 0 0 .
T h e f i r s t m t g e . b o n d s and
the c o n s o l i d a t e d m t g e . b o n d s m a y b e ca lled fo r r e d e m p tio n at 110 w ith p r o
ceeds o f land sales. S ec a b s t r a c t s o f all th e m o rtg a g e s In V . 52. p . 242.
O f th e $5,0 6 8 ,0 0 0 c o n s o lid a te d 6s au th o riz e d $ 1 ,1 4 9 ,0 0 0 (n o t In clu d e d In
the a m o u n t ou ts ta n d in g a b o v e ) are h eld as p a rt s e cu rity foi the general 4s.
T h ere w ere also Jun e 30 1909 $45 0,00 0 L a m p asas exte n sio n Interim 5s
ow n e d b y S ou th ern P a c. C o. o r in sin kin g fu n d s o f p ro p rie ta ry c o m p a n ie s.
In M ay 1910 perm ission w as g iv e n to Issue $ 2 ,3 8 3 ,0 0 0 1st M. 3 0 -ye a r
6 % bon d s o n th e c u t -o ll fro m M exla to N e lle v a , 94 m iles, and also $48 4,39 3
a d d ition a l as requ ired fo r th e c o m p le tio n and Im p ro v e m e n t o f th e r o a d .
V . 90, p. 914 , 1363.
„
,
. .
L A N D S .— T h e lands J u n e 30 1909 held fo r ca n ce lla tio n o f b o n d s con sisted
o f 264,832 acres; lan d c o n tr a c ts , $ 2 ,5 2 7 ,8 7 1 .
V . 65, d . 869.
Y ea r 1908-09, gross, $5,911,353 : n et, $ 1 ,458,563 ; o th e r In com e, $41,410;
ch a rges, $ 94 4,66 2; b a l., s u r ., $ 5 5 5 ,3 1 1 .— (V . 90, p . 1363; V. 91, p . 3 3 6 . )
H U D S O N C O M P A N I E S . — I n c o r p o r a te d Jan . 9 1905 u nd er law s o f N ew
Y o r k S ta te. O rga n ized to b u ild H u d son & M an h a ttan R R (w h ich see b e
l o w ) , w hich It c o n tr o ls . T h e b u ild in g e re cte d at 33d St. an d B r o a d w a y ,
N . Y . , and leased to G lm bel B r o s ., w as c o m p le te d Jun e 15 1910. V . 90,
p . 1614, 234; V . 88, p. 748 , 1127.
,
,
O w nership o f eq u ities In N . Y . C ity p r o p e r ty Is s ta te d to be $ 4 ,5 0 0 ,0 0 0 .
C A P I T A L S T O C K .— A u th . and o u ts ta n d in g , $16 ,0 0 0 ,0 0 0 p re f. an d
$ 5 ,0 0 0 ,0 0 0 co m m o n ; par $100.
P ref. s to c k to re ce ive 7 % c u m u la tiv e d iv i
den d s and also en titled to o n e -fo u rth o f a n y o th e r d iv id e n d s .
S e c u r e d G o l d N o t e s S e p . 1 1910 (V . 8 7 . p. 1010).
D a te—
I n te r e s t. O u tsta n d in g .
M a tu rity .
P r ic e a t W h ic h C a lla b le.
O ct. 1908
6 A -O $ 9 ,4 2 4 ,0 0 0
O c t . 15 1911 P a r and interest
A u g. 1909 5 F -A
3 ,000,000
A u g. 1 1 9 1 2 Par an d Interest
F e b . 1910 6 F -A 1 ,323, 00
F e b . 1 1913 P a r a n d Interest
A u th orized am u n t. Issue 1910, $ 1 1 ,0 0 0 ,0 0 0 , fo r re fu n d in g, A c .; o u t
s ta n d in g S e p t. 1 1910, $ 1 0 ,S23,000.
V . 90, p. 502.
H old ers o f th e n otes o f th e Issue o f O ct. 1908 h a v e th e o p tio n o f tak in g
p a y m e n t a t m a tu r ity , or w hen c a lle d . In first m tg e . b o n d s o f the H u d son A
M an h a ttan R R . C o ., a t p rice o f 85 an d Interest, a n d o f the n o t e s o f th e 1909
an d 1910 Issues at 95 an d Interest. A ll the n o te s are secured b y p led ge o f
H . & M . R R . C o. 1st m tg e . 4 H % b o n d s , due 195 7, a t rate o f $1,5 0 0 o f
b o n d s fo r each $1,0 0 0 n o te o u ts ta n d in g .
V . 8 6 , p . 285 , 547; V . 8 7 , p . 37;
V . 88, p . 1196; V . 89, p . 1280; V . 90, p . 447 , 502.
R a te
W h en
P a y a b le
$, £ or fr. $ 59 ,675 ,00 0
4H g F A
F A
5 ,0 0 0 ,0 0 0
1,000
5 g
M A
782 ,0 0 0
5
1 000
A
1 ,371,750 See te x t J
50
A
2 ,0 0 0 ,0 0 0 See te x t J
50
A A
416 ,000
500
4 g
F A
500
367 ,500
4 g
A A
1,497,000
1,000
5 g
4
J A
1,000
60,000
368,000
1,000
4H g A A
M A
3.0 9 0 ,0 0 0
1,000
5 g
6
M A
1,000
500,000
100 109.296,000 7 In 1910 .\1 A
A
4
100 10,000,000
.1
2,5 0 0 .0 0 0
A A
£200
4 g
A
£200
1,000,000
g ■1
A
J
1,000
1,500,000
4 g
A
2 ,4 9 9 ,0 0 0
1,000
g .1
M A
£500,000
£200
3 g
3 .0 0 0 ,0 0 0
1,000 f t c
3X g A A
A
5 ,266,000
£200
3X g J
2 .0 0 0 ,0 0 0
1,000
g .1 A
F A
968,000
5
1,000
A
J
3 .0 0 0 ,0 0 0
1,000
4 g
A
8,3 7 7 ,0 0 0
500 A c
3 « g J
A
J
4 ,998,275
1.000
3 g
A
J
470 ,000
6 g
1,000
M A
538,000
1,000
4 g
M A
241 ,000
1,000
4 g
&
1,000 Ac 14,662,000
3H g J
M A
1,000 Ac 2 0,000.000
4 g
A A
500 A c 15,000,000
4 g
M A
500 A c 25,0 0 0 ,0 0 0
4 g
F A
5,4 2 5 .0 0 0
1,000
4 g
J A D
1,000 a l6 .6 3 5 .0 0 0
5 g
1,359.000
1,000
3K g J A D
ft
J
3 ,5 0 0 ,0 0 0
4 g
1,000
B a la n ce, s u rp lu s ........ ............................... $ 1 ,4 6 4 ,9 8 3
$396,334
$222,028
O F F I C E R S .— P res ., G e o . W . S te v e n s: S e c . a n d T r e a s ., J a s . S teu a rt
M a c K le ; A sst. S e c . a n d T r e a s ., W . N . C o tt, C olu m b u s.
D I R E C T O R S .— F ran k T r u m b u ll (C h a irm a n ), E d w in H a w le y , F . A .
V a n d erllp an d T h o s . H . H u b b a r d , N ew Y o r k ; G e o . W . S te v e n s, R ic h m o n d ,
V a .: J . B . Z erb le a n d Jam es H . H o y t , C levelan d : P . W . H u n tin g to n , S . P .
B u sh , R . S . W a rn er an d F . B . S h e ld o n , C o lu m b u s , O .; S. C. R e y n o ld s ,
T o le d o , O .; D e ca tu r A x te ll, R ic h m o n d , V a .— (V . 01, p . 154, 863 , 884 .)
H O N D U R A S N A T I O N A L R R . — T o e x te n d fro m T r y lllo . H o n d u r a s , on
th e A tla n tic c o a s t, to T e g u cig a lp a , w ith branch t o T u tlc a lp a , a to ta l o f 350
m iles. W ill c o n n e c t a t P u e rto C ortez w ith P o r t C ortez R R ., e x te n d in g
60 m iles to E l P im lc n to o n th e P a cific c o a s t. S t o c k a u t h ., $ 1 0 ,0 0 0 ,0 0 0 : par
$100. T h e H on d u ra s N a tio n a l D e v e lo p m e n t C o. guaran tees b on d s
($ 1 0 ,0 0 0 ,0 0 0 a u th .; see t a b le ), p rln . an d ln t.
V . 90, p. 849 , 559, 109.
U n der the co n ce s s io n th e H o n d u ra s G o v t, m a y ta k e o v e r th e ro a d a t th e
en d o f 25 years b y p a y in g Its assessed v a lu e .
F in an cial a g e n t, L e R o y
F e rry , 49 B r o a d w a y , N . Y .
P r e s ., L . M . F a irb a n k s, M ansfield, 111.; S e c .,
S p en cer H u g h , C h ica g o; T r e a s ., F ran klin O . K in g , C h icago; G en. M g r.,
L . T . W e s trlc h , S t. L o u is .— ( V . 90, p. 109, 559, 849 .)
H O U STO N & T E X A S C E N T R A L R A I L R
A m ount
O u tsta n d in g
A
A
S
J
J
o
A
O
I)
O
N
N
S
J
o
D
J
J
S
o
J
J
A
D
J
J
D
S
S
J
N
O
N
A
15
15
D
L a s t D iv id e n d
an d M a tu rity
P la c e s W h ere In ter es t a n d
D iv id e n d s a re P a y a b le
F eb 1 1957
F eb 1 1932
M c h ’ t l- M c h ’ 19
Jan 28 1904 1%
Jan 25 1908 3M
S ept 30 1920
Feb 1 1925
M ch 31 1925
T o D e c 1 1911
T o O ct 1 1921
M ay 1 1932
M ay 1 ’ 12-'14
Sept 1 1910 3 H
J u ly 1 1910 2 %
A p r 1 1951
Deo 1 1950
Jan 1 1951
Jan 1 1951
M ch 1 1951
A p r 1 1951
J u ly 1 1950
Jan 1 1951
A u g 1 1921
D ec 1 1950
July 1 1951
_ u !y 1 1951
June 1 1923
S e p t 1 1931
Mch 1 1932
J u ly 1 1952
N o v 1 1955
A p r 1 1952
NOV 1 1953
A u g 1 1951
June 15 1951
Jun e 15 1951
D eo 1 1951
S tan d ard T ru s t C o , N Y
G u a ra n ty T ru s t C o , N Y
do
do
Phlla oil, N o A m er B ld g
do
do
do
do
do
do
do
do
P en n C o for Ins A c ,P h lla
P h lla T r S D A Ins C o
111 T r A Sav B k , C h ica g o
C o m m o n w h T r C o , P itts
115 B ’ w a y . \T Y , & L on d
do
do
L o n d o n . England
do
do
115 B r o a d w a y , N ew Y o r k
do
do
London
N ew Y o r k and L o n d o n
B aring B roth ers, L o n d o n
115 B r o a d w a y .N e w Y ork
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
o f 1886.
D I R E C T O R S , E T C .— W . G . O a k m a n , P lin y F isk , G rant B . S c h le y , W .
C. L a n e , Jo h n W . S im p so n , W m . M. B a rn u m , A lb e rt A . T lln e y , K e n y o n
B . C on ger, W m . H e n ry B a rn u m , Charles F . A d am s 2 d , A rth u r B. W csterv e lt, P . G . B a rtle tt, W . G . O ak m an , P res.; W m .H e n r y B a r n u m , V .- P .a n d
T re a s .; W . C. K in n e y , A sst. T re a s.; W illia m E v erd ell J r ., S e c. O ffic e , 62
Cedar S t ., N ew Y o r k C ity .— (V . 90, p . 502, 627, 1614.)
HUDSON & M A N H A T TA N R R .— ( S e c M a p . ) — O w ns and op e ra tes
d o u b le -tu b e tunnel from 6th A v e . and 33rd S t ., N . Y . C ity , u n d e r the
H u d so n R iv e r to the D el. L a ck . A W e s t. R R . s ta tio n , H o b o k e n , N . J ..a b o u t
3 H m .; o p e n e d F e b . 26 1908; also d o u b le -tu b e tu n n el fro m H o b o k e n s o u th
w a r d ly th rou gh th e E rie an d P e n n sy lv a n ia R R . s ta tio n s In Jersey C ity an d
th en ce und er the H u d so n R iv e r to th e H u d so n T erm in al B u ildin gs o n C hurch
S t. (o n e b lo c k w est o f B r o a d w a y ), e x te n d in g fro m C o rtla n d t to F u lto n S t .,
o p e n e d on J u ly 19 1909, m aking to ta l d o u b le -tra ck tunnel In o p e r a tio n 7 j^m .
T h e line betw een 23d an d 33d sts. will be o p e n e d on N o v . 10 1910.
In
M ay 1909 p erm ission w as gran ted fo r fu rth e r e x te n sio n to 42d S t. an d G rand
C entral S ta tio n . A bra n ch w ill also be b u ilt fro m 6th A v e . u n d e r 9th S t. t o a
c o n n e c tio n w ith th e S u b w a y at 4th A v e . V . 8 7 , p . 3 7 , 614 , 1011: V . 8 8 , p .
295 , 451 , 686 , 944, 119 7, 1437, 1620; V . 8 9 , p . 224 : V . 90, p . 1041. 1296.
V . 91, p . 1025.
A n exten sion o f a b o u t H m ile fro m the Penn.|RIt. sta tio n In Jersey C ity to
H e n d e rso n S t .. Je rse y C ity , w as o p e n e d fo r tr a ffic S e p t. 6 1910. T ills line
Is being fu rth er e x te n d e d to S u m m it A v e ., Jersey C ity , w here a c o n n e c tio n
w ith the present m ain line o f th e P . R R . w ill be m a d e an d a th ro u gh serv ice
will be give n o v e r this line fro m H u d son T e rm in a l B ld g s, to N ew ark , N . J .,
p r o b a b ly in the su m m er o f 1911, u n d er a t r a ffic a g r e e m e n t.. V 90, p. 635,
1041: V . 91, p . 276. T h e H u d son T erm in al B ld g s ., th e largest o ffic e bu ild
ings in the w o rld , w ere o p e n e d M ay 1 1908. T ra in s, ele ctric an d all steel.
S T O C K .— C o m m o n , $ 4 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g M ch . 31 1910, ln cl. s crip ,
$ 3 9 ,6 6 0 ,3 8 0 ; 5 % n o n -c u m . p r e f., w ith p referen ce also as to assets, an d c o n
v e r tib le a fte r J u ly 1 1911 in to c o m m o n s to c k a t 110, au th o riz e d Issue $ 1 0 ,
000 ,0 0 0 ; o u ts ta n d in g $ 5 ,1 6 4 ,5 5 6 .
P a r $100.
B O N D S .— O f th e 1st 4 ^ s . $ 5 9 ,5 0 0 ,0 0 0 , In c o n n e c tio n w ith $4 0 ,0 0 0 ,0 0 0
co m m o n an d $ 5 ,2 5 0 ,0 0 0 pref. s t o c k , h a v e been Issued on a c c o u n t o f tu n
nels, sta tio n s, po w e r houses an d e x te n s io n s , a n d the t w o b u ild in gs a t the
H u d so n T erm in al In N ew Y o r k .
O f th e rem a in d er, $ 5 ,5 0 0 ,0 0 0 w ill be used
to retire the $5,0 0 0 ,0 0 0 N . Y . A Je rse y 5 % b o n d s red eem a b le a t 110, le a v
ing fo r fu tu re use $3 5 ,0 0 0 ,0 0 0 b o n d s an d $ 7 ,5 0 0 ,0 0 0 p re f. s to c k .
O f the 4 V$s Issued as a b o v e s ta te d , p a rt are d e p o s ite d as colla tera l
fo r H u d so n C om panies n otes (see th a t c o m p a n y a b o v e ) .
T h e b o n d s w ill be c o n v e r tib le on a n y Interest d a y a fter F e b . 1 1912 a t
ar Into c o m m o n s to c k at $110 per share, w ith p ro v is io n s to p r o t e c t the
on d h o ld crs w hen c o m m o n s to c k , In a d d itio n to tn c $ 4 0 ,0 0 0 ,0 0 0 a t p resen t
a u th o rize d and the fu rth er a m o u n t necessary to c o n v e r t the b o n d s, Is Issued.
In F eb . 1909 $920,000 5 % car trusts w ere s o ld . V . 88, p . 505, 624.
R E P O R T .— R e p o r t w ith b a lan ce sh eet o f M arch 31 1910 In V . 90.
p . 1041, sh o w e d : E arn ings fo r 3 in o s. e n d in g M ch . 31 1910, gross (al
so u r c e s ), $97 6,65 5; n e t, a fte r ta x e s , $ 56 3,77 1; ch arges, $ 5 6 2,72 5 (n o t In cl.
$ 2 0 1 ,5 0 6 , p art o f Interest charged t o c o n s tr u c tio n ); b a l., s u r ., $ 1 ,0 4 6 .
O F F I C E R S .— P re s., W . G. M c A d o o ; V .- P ., W ilb u r C. F isk; T r e a s ., J . S.
O ’ N eale; A sst. T r e a s ., F . W . W a lz ; S e c ., C. W . K in g ; A sst. S e e ., W m . J .
M artin an d W m . E v erd ell J r .; C o m p tro lle r, I I . S. C orw in ; A u d it o r , F . II.
S lllick .
D ire cto rs, O ct. 1910, V . 9 1 , p . 1095. N . Y . o ffic e , 30 Church S t.
— (V . 91, p. 1025, 1095.)
HUN TIN GDO N & BROAD TOP M T. R R. & COA L CO.— O w ns fro m
H u n tin g d o n , P a ., to M ou n t D allas, P a ., 45 m iles; b ra n ch e s , A c ., 25 m iles.
D I V I D ’ S .— ’ 98. ’ 99. ’ 00. ’ 0 1 . ’ 0 2 . ’ 0 3 . ’ 04. ’ 05. ’ 06. ’ 07 ’ 0 8 . ’ 09.
’ 10.
On c o m m o n _____0
0
0
0
0
5
1
0
0
0
0
0
0
O n p r e f e r r e d ___ 5 5 H 7
5
6
7
C 5 )1 7 M
7
3d 0
0
A N N U A L R E P O R T .— R e p o rt fo r 1909 w as in V . 90, p . 911.
g
G ross.
N et.
In ter es t.
D iv id e n d s .
B a la n c e
1 90 9............ $65 9,33 5
$15 7,20 9
$ 1 0 6,10 0
-----S,U!»’ % i ’ 2Ju
1 9 0 8 ............ 632 ,933
148,522
106,190
$ 7 0 ,0 0 0
d o t. 27,668
P res, an d G en. M an ., Carl M . G a g e .— (V . 90, p . 372 , 447 , 911 .)
I B E R IA & V E R M IL IO N R R — Salt M ine Ju n e, to
nV.u.’J ®
m iles. S to c k , $30 0 ,0 0 0 , o f w h ich $ 2 9 9,50 0 o w n e d b y M organ s L ou isia n a
A T e x a s R R . A SS. C o. (S o . P a c .) .
B o n d s , $32 2 ,0 0 0 first m tge. 5s, d u e
A u g. 1943.
Y ea r 1908-09, gross, $60 ,7 5 5 ; n e t, $ 2 2 ,5 7 8 , o th e r In com e,
$8,291; ch arges, $ 24 ,346 : b a la n ce , su rplu s, $ 6 .o 2 4 .
IDA HO SOUTHERN R R .— S ee p a g e 166.
IDA HO & W A S H I N G T O N NORTHERN RR.— O w ns M cG u ire ’s S ta tio n ,
I d a ., n o rth e rly to C e m e n t, 103 m iles; tra ck a g e S p o k a n e to G rand J u n ctio n ,
13 m iles; C la gsto n e b r a n c h , 6 m iles. C on trols P en d d ’ O relllc R iv e r N a v .
Co
S to c k a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 : o u ts ta n d in g , $1 ,0 7 8 ,8 0 0 : p ar, $ 10 0.
B o n d s are s u b je c t to c a ll, a n y o r a ll, a t 107 Y i , fro m N o v . 1 1912 to M ay 1
1917, and th e r e a fte r at 105: In A u g . 1909 $3,0 9 0 ,0 0 0 b o n d s w ere o ffe r e d ,
secu red on 103 m iles
$1,6 4 3 ,0 0 0 a d d itio n a l b on d s arc Issuable a t $30 ,0 0 0
p er m ile o f a d d itio n a l r o a d . V. 89, p . 411 . F o r year 1908-09, gro ss, $ 2 9 4 ,
018; n e t, $88,205; ln t. on b o n d s , $ 76 ,500 ; b a l., s u r ., $ 1 1 ,7 0 5 . Pres. A T r e a s .,
F . A. B la ck w e ll.
O ffic e . Coeur d ’ A len e, I d a h o .— (V . 89. p . 411 .)
ILLINOIS CE N TR AL R R. — (.S ee M a p . ) — R O A D .— O perates fro m C h i
c a g o . III., sou th erly to N ew O rleans, L a ., 912 m iles, an d w esterly t o S io u x
C ity l a ., 509 m iles, w ith n u m erou s b ra n ch e s, v iz . (* w h lch se e ):
L ea sed — C on trol ow n ed —
M ile s .
M iles .
R a t 'd o w n e d i n f e e
M e m ., T e n n ., t o G ren ada, M iss- 100
C h icago to C a iro, III___i
706 Y a z o o f t M ississippi V a l. R R .,
C cn tralla, 111., to E ast [M ain
M em phis to N . O . an d b r s — 1.370
D u b u q u e . I a ________ js te m .
D u bu qu e A S io u x C it y * ________
760 St. L ou is A lto n f t T e rre H a u t e . 239
E n tir e sto ck o w n ed —
Springfield to East S t. L ou is,
111. (V . 71, p . 5 4 7 )....................
98 B ran ch es, _______________________ , 2 ,
T r a c k a g e f t c ________________
171
P eoria, 111., to E v a n sville , In d .,
w ith 6-m lle b r a n c h ___________ 234
T o ta l sy ste m Ju n e 30 1 9 1 0 .. .5 ,9 4 4
L ea sed — C on trol o w n ed —
O f w h ic h e a r n s , k e p t s e p a r a te —
C h ica go S t. L . f t N . O . R R .,
Ca ro, 111., t o N ew O rle a n s___ 547 Y a z o o f t M iss. V a l. R R --------------1,370
Line t o L o u isv ille , f e e ________
637
R e m a in d e r in clu d e d In earnings J u ly 1 1 9 1 0 --------------------------------------- 4 ,5 7 4
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., s e e n o te s o n fir s t p a g e]
M ile s
R oad
D a te
B onds
111 C en t (C on)— L ou ls v D & T M $ 2 5 ,0 0 0 ,0 0 0 g U s .x c * & r 640 1897
130 1900
O m a h a D lv I s t M g d $ 5 ,0 0 0 ,0 0 0 ........................... U se*& r
98 1900
L ltch D lv 1st M g $4,0 0 0 ,0 0 0 ............... .................. F.C*
I o w a Falls & S io u x C ity — See sta te m e n t o f D u b u q u e & SI o u x Cl
132 1903
Illin o is S ou th ern — 1st M g o ld $ 5 ,0 0 0 ,0 0 0 -----------------c*
1905
Illin ois T erm in al— 1st M $ 5 0 0,00 0 g o ld re d p a r ------ IC T e x t
Illin ois T u nnel C o — See C h ica g o S u b w a y C o .
In d ia n a D ecatu r & W e s te rn — See Cln In d & W e ste rn
1007
In d ian a H arbor B elt— GenM $ 2 5 ,0 0 0 ,0 0 0 g _ _ a x c '& r *
1907
do
do
do
------- -O hio H am & W first m o rtg a g e g o ld a s s u m e d ..c * & r 27.48 1897
Indiana Illinois & I o w a — See C h ica g o In d & S o u th .
In d ia n a p olis & L ou isville— See C h ica g o In d ia n a p o lis & L ou Isvlllc
03 1886
In d ia n a p olis U n— 1st M g o ld s f n o t c a lla b le -------F P .c *
In te rb o ro u g h -M e t C o — C om s to c k $ 100 , 000,000 a u t h .
P ref stk 5 % cu m (also pref as to assets) $ 5 5 ,0 0 0 ,0 0 0
1906
C oll trust b on d s g o ld sec b y In t R T s t o c k -------c * & r
1907
C oll trust n otes $ 1 5 ,0 0 0 ,0 0 0 g o ld call 102 . . . . - M e . c
1907
C ollateral trust n otes e x te n d e d In 1008 an d 1 9 1 0 -1910
F lv e -y e a r n o t e s -------------------- ----------- ---------------------------In te r b o r o u g h R a p id T ra n sit— S to c k $ 3 5 ,0 0 0 ,0 0 0 - - - - - T e x t
1907
G o ld M b on d s $ 5 5 ,0 0 0 ,0 0 0 red 105 (te x t) . . Q . x c ' r *
1908
N otes $ 25 ,000 ,00 0 sec b y bds c o n v (te x t) . . Q . x c ’ r
In tern ation al & G reat N or— R e c e iv e r ’s c e r ts --------------1,109 1879
F irst m ortg a ge g o l d ----------------------------------------------- - - -
1,109 1881
S econ d m ortg a g e g o ld ------------------------— ---------3 d M ($ 3 ,0 0 0 ,0 0 0 ) torm e rly Inc. ln cl scrip g - . M e c* 1,100 1892
1880
C o lo ra d o B ridge b on d s sin kin g f u n d -----------------------F
In terocea n ic R y o f Alex— 1st p ref s h , 5 % n o n - c u m ..
S e c o n d p referred shares 4 % ...........................
4 % d eb en tu re s to c k su b) to call a t p a r £ 1 ,150,000
D eb en tu re s to c k 7 % " B ” s u b j to call 120 n on -cura
S e c o n d d eb en tu re s to c k red a t 105 a fte r 1911 (te x t)
M ex E deb s to c k £45 0,00 0 gu ar red a t 105 b e g 1914
503 1888
I o w a C en tral— 1st M $ 7 ,0 5 0 ,0 0 0 g ( V 4 0 , p 5 8 2 )-A le .c *
541 1901
R e fu n d in g M $ 2 5 ,0 0 0 ,0 0 0 g o ld (see t e x t ) . . G ,c* & r
1909
C ar tru sts, ser A , d u e $32 ,0 0 0 y e a r l y . .......... P e P .c*
1910
Car tru sts, ser B , d u e $16 ,000 o r $15 ,000 y r ly .P e P c *
23 1804
J a c k s o n v ille T e r m — 1st M g o ld guar $ 5 0 0 ,0 0 0 .A lp.c*
1909
J a m e s t ’n Franklin & Cl— 1st M g u a r -------------G .x c &r
A m ount
O u tsta n d in g
Par
V a lu e
R a te
%
L a s t D iv id e n d
a n d M a tu ritu
W h en
P a y a b le
P la c e s W h ere In ter es t a n d
D iv id e n d s a r e P a y a b le
$500 &c $ 23 ,888 ,00 0
5 ,0 0 0 ,0 0 0
1,000 & c
3 ,2 3 5 ,0 0 0
$1,000
ty .
4 ,6 0 0 ,0 0 0
1,000
450,000
1,000
3M g J
F
3 g
j
3 g
&
&
&
J J u ly 1 1953
A A u g 1 1951
J Jan 1 1951
115 B r o a d w a y .N ew Y o r k
do
do
do
do
J
&
j
&
D D e c 1 1953
J Jan 2 1925
N ew Y o r k
Illin ois T r & S a v B k , Ch
2 ,5 0 0 ,0 0 0
1 ,7 2 5 ,0 0 0
2 ,5 0 0 ,0 0 0
2 -4 g j
j
4 g
j
6 g
&
4H g M
&
1 ,0 0 0 ,& c
500 &c
929 ,000
1,000
100 9 3,262,192
100 4 5 ;7 4 0 ;0 0 0
1,000 &c 67,8 2 5 ,0 0 0
1,000 &c As collateral
2,5 4 9 ,4 0 0
4;00 0 i0 0 0
100 3 5 ,0 0 0 ,0 0 0
1.000 &c 1 3 ,052.000
1,000 &c 21,9 7 3 ,0 0 0
1 4 0 .0 )0
500 &c 11,291,000
500 <5cc 10,391,000
2,9 6 6 ,0 5 2
500 &o
198,000
1,000
£10 £1,400,000
£ 1 0 £1.000 000
£ 1.150.000
£469,459
£100
£100 £1,150,000
£400.000
£100
7,6 5 0 ,0 9 5
1,000
5 ,7 2 0 ,0 0 0
1,000
1,000
288.000
154,000
1,000
500,000
1.000
l.OOO&c 11,000,000
H I S T O R Y , L E A S E S , & c.— C h artered In D e c. 1850. T h e c o m p a n y p a y s
t o th e S tate o f Illin ois 7 % (fo r the 6 m o n th s e n d in g O ct. 31 1 9 0 9 ,$,589.361)
o f gross of the 706 m iles ow n e d In fee y e a r ly In lieu o f ta x e s . 1 he C h ica go
S t . L . & N . O . Is leased fo r 400 years fro m J u ly 1 1882 a t 4 % per an n u m
on its $ 1 0 ,0 0 0 ,0 0 0 s to c k d e p o s ite d to secure the l e a s e d l i n e s t o c k .
T h e entire $ 5 ,0 0 0 ,0 0 0 ca p ita l s to c k o f the C entral o f G eorgia w as turn ed
o v e r to the Illin ois C entral In Ju n e 1909. bu t th e road Is op e ra te d inde
p e n d e n tly .
See th a t c o m p a n y .
V . 86, p . 668; V . 88, p . 1559.
1 In d la n a p . S o u t h ’ ll R y ., In d ia n a p o lis. I n d ., to E ffin g h a m , 111., 177 m . Is
ow n ed b u t s e p a ra tely o p e r . V . 7 8 , p . 2442; V . 7 9 , p . 7 3 3 ,9 6 8 ; V . 8 5 , p . 798;
V . 8 9 . p . 286.
C A P I T A L S T O C K .— T h e l e a s e d l i n e s t o c k is secu red b y d e p o s it o f $ 1 0 ,
000 000 C h ica go St. L ou is & N ew O rleans s t o c k .
( V . 65. p . 1071.)
S tock h old ers v o te d M ay 18 1908 t o Increase the s to c k fro m $ 9 5 ,0 4 0 ,0 0 0
t o $ 1 2 3 ,5 5 2 ,0 0 0 , o n e-h a lf o f the new s to c k being su bscrib ed at par b y s t o c k
h old ers, raising the a m o u n t o u t to $10 9 ,2 9 6 ,0 0 0 .
V . 86, p. 981, 1529.
In M arch 1910 U n ion P a cific o w n e d $ 3 2 ,9 0 0 ,0 0 0 o f th e s t o c k .
V . 84,
p . 51. 102, 570: V . 86, p. 480; V . 90, p . 700.
D I V S . 1 ’ 8 7 . ’8 8 . ’ 89. ’ 90 ’ 9 1 -’ 9 9 . ’0 0 . ’ 0 1 .S e p .’ 04. ’ 0 5 t o ’ 09.
1910.
C o m . stk /
7
7 5 >4 6 5 y e a rly 5 H
6 y e a rly
7 yea rly
7
B O N D S .— C a i r o b r i d g e .
See a d v . in “ C h ro n ic le .’ ' M ay 7 1892.
T h e t r u s t b o n d s o f 1886 are se cu re d b y d e p o s it o f $ 5 ,2 6 6 ,0 0 0 C h ica go S t .L .
& N ew O rleans c on sols o f 1881; also b y a lien on the r o a d .
See V . 8 6 ,p. 1343.
T h e c o l l a t e r a l t r u s t b o n d s o f 1952 are se cu re d b y pledge w ith the U. b .
T ru st C o. o f N ew Y ork o f $ 1 6 ,3 5 0 ,0 0 0 5 % 1st m o rtg a g e g o ld b o n d s of
s u b sid ia ry railroad s c o v e r in g 854 m iles.
See list, V . 55, p . 550.
T h e $ 2 5 ,0 0 0 ,0 0 0 c o l l a t e r a l t r u s t b o n d s o f 1953 are se cu re d b y p led ge o f all
th e L o u ls v . N . O . & T e x a s (n ow Y a z o o & M ississippi V a lle y R R . ) , $ 1 6 ,
000 000 1st m tg e . b o n d s, e x c e p t $68 ,0 0 0 , all th e $ 9 ,1 0 4 ,0 0 0 m tge. Incom es
a n d all b u t $96 ,0 0 0 o f the $ 1 0 ,0 0 0 ,0 0 0 land g ra n t In com es. See a d v . In
" C h r o n ic le ’ ’ Jun e 11 1892, an d V . 54, p . 964; V . 61, p . 112.
C h i c a g o S t . L o u i s & N e w O r l e a n s 5 i h a v e their Interest g u aran teed (b y
en d orsem en t) until the p rin cip a l Is p a id . T h e 3 J.£s o f 1897 are g u a r ., p r in
cip a l a n d In terest, b y en d o r s e m e n t— see g u a ra n ty V . 65, p . 1071.
T h e W e s t e r n L i n e s l o a n o f 1894, see " S u p p le m e n t ” o f Ja n . 1899.
T h e S t . L o u i s D i v i s i o n & T e r m i n a l b o n d s are fo r $1 5 ,0 0 0 ,0 0 0 a u th o riz e d ,
o f w h ich $ 5 ,0 0 0 ,0 0 0 are t h r e e per ce n ts: $ 3 ,5 0 0 ,0 0 0 w ere Issuable fo r Im
p ro v e m e n ts , e q u ip m e n t. & c.. a n d $ 1 ,4 9 9 ,0 0 0 are held to retire $ 1 ,4 0 0 ,0 0 0
u n d erly in g b on d s still o u ts ta n d in g on the S t. L ou is A lto n & T . H . s y s te m ;
A b s tr a c t o f m ortg a g e In V . 66, p . 138 . See also V . 66, p. 133; V . 71, p . 546 .
L o u i s v i l l e D i v i s i o n & T e r m i n a l m t g e . Is fo r $ 2 5 ,0 0 0 ,0 0 0 : o f the b o n d s
$1 112 ,000 w ere reserved to p u rch ase the 46 m . (C ecilia b r.) from L ou isville
& N ash ville an d to retire the L . & N . b o n d s th e re o n . C h ica go S t. Louis *
N ew O rleans to o k title to the L o u ls v . D lv . an d Joined In m aking m tg e . See
V 66 p . 136, fo r a b s tr a c t: also " S u p p le m e n t ” o f Ja n . 1899. V . 65, p.
3 6 7 , 516; V . 66, p . 133; V . 67, p . 581; V . 75. p . 671.
T h e p u r c h a s e d l i n e s 3 H s o f 1904 ($ 2 0 ,0 0 0 ,0 0 0 a u th o rize d ) c o v e r va rio u s
m in or lines a cq u ir e d .
O f the b o n d s. $14.<'.62,000 h a ve been Issued on 748
m iles o f su b sid ia ry bra n ch lines p u rch ased (o f w h ich $ 2 ,6 6 2 ,0 0 0 In the
treasu ry In O cto b e r 190 9). an d the rem ain in g $ 5 ,3 3 8 ,0 0 0 is reserved
t o retire a t m a tu r ity $96 8,00 0 b o n d s o f the K a n k ak ee & Sou th w estern
ls t s d u e 1921 (see b o n d table a b o v e ) , a n d $ 4 ,3 7 0 ,0 0 0 b o n d s o f the C h icago
M adison & N o rth . (231 m .) . w h ich are p ledged fo r the collateral trust
4s o f 1952. (See V . 71, p . 288; V . 79, p . 1273, 1642, 2588; V . 81. p . llO o .)
T h e r e f u n d i n g m ortg a ge g o ld 4s o f 1908 (a u th o rize d Issue $11 0 ,0 0 0 ,0 0 0 ,
w ith the privilege o f Issuing $ 1 0 ,0 0 0 ,0 0 0 a d d itio n a l to a cq u ire the In d ia n a p
olis S ou th ern , In d ia n a p o lis, I n d ., to E ffin g h a m , 111., 177 m iles) are s u b je c t
t o call at 107
and Interest on a n y Interest d a y begin n in g N o v . 1 1918.
S ec V . 87 p. 1357, 1420; V . 8 8 . p . 295
C ov er th e m ain line, the C h icago
term inals, th e so-ca lled pu rch ased lines, the S prin gfield D iv isio n , the St.
L ou is D iv ision , & c., a total o f 2,015 m iles, s u b je c t t o e x istin g Issues o f
b o n d s a ggrega tin g $ 6 1 ,7 6 6 ,0 0 0 , ln cl. $ 2 ,5 0 0 ,0 0 0 C h icago H avan a & W e s t
ern 5s and R a n to u l R R . 5s p led ged u nd er 111. C en t, g o ld 4s o f 1 9 5 -.
P u r p o s e s f o r W h i c h $ 9 0 ,000 ,00 0 R e f u n d i n g B o n d s u n i s s u e d A r e R e s e r v e d
T o retire a like a m o u n t o f prior Hen bon d s - --------— $ 61 ,766 ,00 0
A d d itio n a l m ain tra ck , tunnels and b rid ges, p urchase o f real
e sta te, Im p rov em en ts, fu n d in g o f In debtedness an d oth er
4 g
5 g
See text
4H g
5 g
6
6
9 In 1910
5 g
6 g
6
6 g
See te x t
4 g
7
See te x t
See text
4
7
4M
5
5 g
4 g
5 «
5 g
5 g
4 g
&
&
J u ly 1 1957
J J u ly 1 1957
J Jan 1 1927
N ew Y o r k
N ew Y o r k C ity
C en tral T r u s t C o . N
N M ay 1 1926
F id e lity T ru s t C o , P h lla
j
Q - J J u ly 1
A & O Apr 1
&
J J u ly 1
J
J u ly 1
J J u ly l
J
&
O ct l
« —J
M & N N ov 1
M & N M ay 1
M & N
S
M &
M &
M & N
See te x t
See t e x t
M & S 15
7 ’08 '09
4 H ’ 0 8 '00
J & D 15
& D
J
M &
S
M & N
A & O
&
J
J
J
& D
1907 U 4
1950
1911
1911
1915
1910 2 H
1952
1911
N o v 1 1919
S ept 1 1909
1 1921
M ay 1 1920
M ay 28 1910 2 H
D ec 1 1 1909 1%
S ep t 15 1050
S ept 15 1950
1950
Jan 1 1084
June 1 1938
Mch 1 1951
T o M ay I '9 1 9
T o O ct 1 1920
July 1 1939
Jun o 1 1959
s Sept
W in d s o r T ru s t C o, N Y
B e lm o n t"& C o , N ew Y o r k
165 B r o a d w a y
G u a ra n ty T r u s t C o, N Y
O ff Ice" 195" "li "way " " n " Y
S e p t 1907 c o u p last p a id
In d e fa u lt— See te x t
a y 1910 co u p pd w h d u e
L on don
do
do
do
do
do
do
L on don
M erca n tile T r u s t C o , N Y
do
do
P en n Co fo r In s , & c,P h lla
do
do
G u a ra n ty T r u s t C o , N Y
G ra n d C en tral S t a ., N , Y .
Y A Z O O & M IS S I S S IP P I V A L L E Y .— R e s u lts on 1,370 m iles; a v e r a g e .
37 0 , a gain st 1,297 in 1907-08. See re p o rt a t len gth In V . 8 9 . p . 9 8 9 , 1008.
Y ea r—
C ross.
N e t (o v e r t a x ) . O th . I n c . C h g s .,& c .
B a l.,s u r p .
1 9 0 8 -0 9 ..........$1 0 ,0 3 5 ,2 5 7
$1,0 1 9 ,1 8 2 $ 1 ,7 5 0 $ 1 ,2 2 6 ,0 1 0
d e i.$ 2 0 5 ,0 7 8
1 9 0 7 -0 8 _____ 10.098.391
1 ,025,774
1,750
1,346,033 d e f. 3 1 8 ,5 0 9
O F F I C E R S .— P re s ., Jam es T . H a ra h a n ; V .- P . an d G en . M g r ., I). L .
P a rk ; V .- P . a n d S e c ., A . G . H a ck sta tl; T r e a s ., E . T . II. G ib s o n .
G eneral
o ffic e , C h ica g o , III.; N ew Y o r k o ffic e , 115 B r o a d w a y .
D ire cto rs .— W alth er L u ttg e n , John W . A u c h ln c lo s s , J . T . H a r a h a n ,
C ornelius V a n d e rb ilt. J. O gd en A r m o u r , J o h n J a c o b A s t o r , C h as. A . P e a
b o d y . R . W . G o e le t, J o h n G . S h e d d , A . G . U a c k s ta lf, It. S . L o v e t t , I I . W .
d e F o re s t, a n d . e x -o ft lc lo . H o n . C h as. S. D e n e e n .G o v . o f III.— (V .9 1 , p .8 7 9 ) .
I L L I N O I S S O U T H E R N R Y — O wns S alem t o B ism a rck (In clu d in g R i v e r
T ra n sfe r. 1 m ile ), 122,86 m .; C h ester b ra n ch . M issouri J e t. to C h ester, 10.70
m . ; R o s b o ro u g h b r a n c h , S pa rta to R o s b o r o u g h , 5 m .; to ta l o w n e d , l J o .o o
m .; leases III. C en t, tra ck a g e , B ran ch J e t. t o I . C . J e t .. 2 .7 5 m .; to t a l, 141.31
m.
Su ccessor Ju n e 1 1900 o f the C en tralla & C h ester H R ., fo re c lo s e d .
V . 70, p . 1048; V . 71. p . 29. S to c k , c o m ., $ 4 ,0 0 0 ,0 0 0 ; 6 % c u m . p r e f ..
$ 1 ,0 0 0 ,0 0 0 ; par. $100. all Issued. O f the b o n d s , $40 0 ,0 0 0 w as reserv ed
fo r im p ro v . an d e q u ip , a t n o t o v e r $ 2 0 0,00 0 y e a r ly .
V . 79, p. 500.
O f the
b o n d s . $ 3 ,9 0 0 ,0 0 0 , w ith $ 3 ,4 0 0 ,0 0 0 c o m . a n d $ 1 ,0 0 0 ,0 0 0 p re f. s t o c k , w as
Inclu ded In the co lla te ra l tu rned o v e r to the C h ica g o ban ks In J a n . 1910
on se ttle m e n t o f the W alsh n o te s.
V . 90, p . 167.
l,
Ir
n e t,
B o l s o t ; _______ _ _ .
_____________ .
„ .
t r a l S t a t i o n , C h i c a g o , 111.— ( V . 9 0 , p . 1 2 3 9 . )
II l I N O I S T P P M 1 N A I 1717.— O w n s t e r m i n a l s a t A l t o n , 111., a n d r o a d ,
A l t o n t o H a r t f o r d , 111., 6 m i l e s ; H a r t f o r d t o E d w a r d s v l U e J e t . , 7.1 m . ;
l e a s e s f r o m W a b a s h R R . , E d w a r d s v l U e J e t t o E d w a r d s v l l i e , 1.6 m . S t o c k ,
$ 5 0 0 ,0 0 0 : p a r , $ 1 0 0 .
Y e a r 1 9 0 9 -1 0 , g r o s s , $ 1 5 9 ,1 2 1 : n e t , $ 4 7 ,8 5 0 , I n t .,
t a x e s , & c ., $ 3 1 ,1 9 8 ; b a l ., $ 1 6 ,6 5 2 .
P r e s ., G e o . M . L e v i s .— ( V . <9, p . 2 2 0 o ) .
I L L I N O I S T U N N E L C O .— S e e C h ic a g o S u b w a y C o .— (V . 9 1 , p .8 7 9 .)
N D IA N A
HARBOR
BELT
R R — 1O w n s , W h i t i n g . I n d . . t o
B lu e I s la n d .
111.
Y a rd s,
I s l a n d * " 'i f f '^ ’ t o ^ M c C o o k ” 1 1 3 . 6 m d m l s c . t r a c k a g e , 5 0 . 1 m . ; t o t a l , 1 0 6 . 3 m .
N o v 1 1907 a c q u ir e d C h ic . J u n e . R y .
V . 8 5 p . 1 2 7 0 , 1 2 0 9 ; V S li p . 1 0 8
S t o c k o u t s t a n d in g , $ 2 ,4 5 0 ,0 0 0 . a ll o w n e d b y L a k e S h o r e & M ic h . S o u .
a n d M ic h . C e n t ., w h ic h g u a r a n t e e th e b o n d s .
O f th e b o n d s
$ 2 5 ,0 0 0 ,0 0 0
a u t h o r iz e d Is s u e ), $ 2 ,5 0 0 ,0 0 0 a r e r e s e r v e d t o r e tir e th e C h lo . H a m . &
W e s te r n 6 s a n d $ 7 2 5 ,0 0 0 w e r e Is s u e d to r e t ir e t h e M ic h . C e n t r a l a n d 3 e r m .
R R
io ln t 4s a n d $ 1 ,0 0 0 ,0 0 0 fo r a d d it io n s a n d b e t te r m e n t s ,
'l l i e $ 2 ,5 0 0 ,0 0 0
b o n d s I s s u e d In p a y m e n t o f C h i c . J u n e . R y . b e a r I n t e r e s t a t 2 % y e a r l y
fr o m J u ly 1 1 9 0 7 fo r 5 y e a r s , th e n 3 % fo r 5 y r s ., th e n 4 % t o m a t u r it y , V . 8 6 ,
p . 1 0 8 . — ( V . 8 5 , p . 1 2 7 0 ; V . 8 6 , p . 1 0 8 .)
I N D I A N A P O L I S U N I O N R Y . — O w n s 3 .2 3 m ile s o f y a r d t r a c k s a n d
s i d i n g s , .9 3 o f a m i l e o f r o a d w i t h t e r m i n a l s a t I n d i a n a p o l i s , I n d . , a n a
le a s e s f o r 9 9 9 y e a r s t h e B e l t R R . o f I n d i a n a p o l i s — 9 .4 0 m . ( w h i c h s e e ) .
C le v . C in c in n a ti C h ic a g o & S t . I /t u ls , th e P it t s b u r g h C in c in n a ti C h ic a g o &
S t . L o u is a n d th e V a n d a lla R l t . a r e v ir t u a l p r o p r ie t o r s , t h e y h a v in g in
v e s t e d In i t $ 1 , 0 2 5 , 0 2 8 t o D e c . 3 1 1 9 0 9 .
N o s to c k o u ts ta n d in g .
E A R N I N G S .— In 1 9 0 9 , g r o s s , $ 1 ,0 9 8 ,0 1 3 ; t o t a l d e d u c t io n s , $ l,0 5 1 ,o 2 5 ,
b a l ., s u r ., $ 4 6 ,4 8 3 .— V . 8 3 . p . 2 1 3 .
iN T E R B O R O U G H -M E T R O P O L I T A N C O .— O R G A N I Z A T I O N ,— I n c o r
p o r a t e d o n J a n . 2 4 190 6 a s a n a m a lg a m a t io n (p e r p la n V . 8 2 . R j 2 1 7 . 2 8 0 ) o r
t h e I n t e r b o r o u g h R a p i d T r a n s it C o . a n d M e t r o p o l it a n .S t r e e t R y _
In * e p .
1 9 0 7 $ 3 3 , 9 1 2 , 8 0 0 o f t h e $ 3 5 , 0 0 0 , 0 0 0 s t o c k o f t h e I n t e r b . R a p i d H q 11, , , , a VI
$ 4 2 ,7 4 0 ,0 0 0 o f th e $ 5 2 ,0 0 0 ,0 0 0 M e tr o p o lita n S t. R y . s t o c k a n d $ 2 9 ,3 7 3 ,1 0 0
o f th e $ 3 0 ,0 0 0 ,0 0 0 s t o c k o f t h e M e t r o p o lit a n S e c u r it ie s C o ., Its h o l d in g
c o m p a n y h a d b e e n a c q u ir e d .
V . 82
p . 092
S e e <'*^ r « r o h
R a p Id
T r a n s it C o . b e lo w a n d M e t r o p . S t . R y . In
E le c tr ic R a ilw a y
S e c tio n
F a v o r a b le d e c is io n . V . 8 5 . p . 9 9 . 6 54
In
RvP
p o i n t e d f o r M e t r o p . S t r e e t R y . a n d o f I ts le s s e e . th t. N e w Y j r k L R y R y ..
w h o s e s t o c k Is a l l o w n e d b y t h e M e t r o p o l i t a n S e c u r i t i e s C o t h e M e t r o p o l l t a n
S tr e e t R y . d iv id e n d s b e in g s u s p e n d e d .
V . 8 o, p . 793, 804, V . 89, p , a9J.
.Mileage o f C om pa n ies C om prisin g In terborou gh-M etropolitan S ystem .
IiT lp ™ * 1908 U ?eda first" Uen4"% g o ld $3'o",666"o'o'o" e q u fp . m tg e . due Ja n . 1
1023 (U . S. M tg. & T r . C o ., tr u s te e ). V . 8 6 , p . 1042. 1343
G E N E R A L F I N A N C E S .— On Ju n e 30 1908 there w ere $ 2 3 ,590 ,00 0
loan s and bills p a y a b le o u ts ta n d in g .
On a c c o u n t o f this In debtedness,
shareholders o f record M ay 18 1908 w ere p e rm itte d to su bscrib e fo r $14 .
2 56 ,000 new s to c k at par.
In N o v . 1908 $ 2 0 ,000 ,00 0 refu n din g m tg e .
b o n d s w ere s o ld . See a b o v e .
B ills p a y a b le Jun e 30 1910, $ 0 0 ,000.
E A R N I N G S .— 2 m o s ., (1 9 1 0 ............... G ross, $ 9 ,9 3 6 ,1 1 8 ; n et, $2,1 1 3 ,8 0 9
J u ly 1 to A u g. 3 1 .
\1909________ G ross,
9 ,2 0 0 ,8 8 9 ’ n et,
1 ,224,470
R E P O R T .— A n nual m e e tin g Is held th e th ird W e d n e s d a y in O cto b e r .
R e p o r t for 190.9-10 w as In V . 89, p . 8 6 3 r ? J ^ :„ ccllto r'“ L’upn-n8 3 9 - ,
(N o t in c l. Y a z o o & M . V . I I R .) —
190 9-1 0.
1908-09
1907-08.
P a S Cc™ earni,rgsatCtl-------------t .881 io ia M O . H o t P o l $ 1 0 ,9 9 R 7 9 8
B e i g h t earnings
.......... I I I . - ______ 3 8 ,7 7 7 ,7 5 8
3 0 ,0 0 3 ,8 9 7 35,357,811
M ail, exp ress,
11,7 7 1 ,2 9 0
1 0 ,2 7 6,257 1 1 ,6 47,118
T o ta l ea rn in gs________________________ $62 ,430 ,06 1 $ 5 7 ,145 ,51 2 $ 5 7 ,996 ,72 7
N e t o v e r t a x e s __________________________ $12 ,787 ,92 1 $ 13 ,464 ,23 0 51 3 ,4 1 7 ,1 2 9
In c o m e from in vestm en ts, & c _________
3 ,8 9 2 ,7 4 3
3 ,8 2 5 ,0 0 8
2 ,310,523
T o ta l net In com e_____________________ $ 1 6 ,680 ,66 4 $ 17 ,289 ,23 8 $ 1 5 ,727 ,65 2
In teres t on b o n d s ______________________ $ 5 ,9 6 9 ,8 6 0
$ 5 ,703,193 $4,5 6 9 ,8 6 0
R e n t o f su bsid iary r o a d s ______________
2 ,8 7 7 ,6 0 6
3 ,4 5 1 ,9 0 8
3 ,2 0 9 ,3 9 5
D iv id en d s o n s to c k ( 7 % ) ______________
7 ,6 5 0 ,7 2 0
7 ,6 5 0 ,7 2 0
6,6 5 2 ,8 0 0
R e p la c e m e n t o f e q u ip m e n t ___________
— ...........
232 ,267
1,046,963
B a la n ce , s u rp lu s .......................................
$182,478
$25 1,14 9
$248,634
I n t e r b o r o u g h R a p i d T r a n s i t C o . , s u b w a y ------------------------------------------- 5 ?}!® ?
p i p v i i t p r i i M a n h a t t a n R a i l w a y , l e a s e d ) -------- -— - - — l i o . U o m ile s
S u r fa c e ^ lin e s o w n e d o r c o n t r o l l e d b y I n t e r b . R a p T r a n . C o . . 1 5 4 .0 3 m ile s
N ew Y o r k C i t y R a l l w a r a n d s u b s i d i a r y c o m p a n i e s ........................ - 6 1 9 . 4 6 m i l e s
T o t a l ( s i n g l e t r a c k ) ------------------------------------------------------------------------------------- 8 7 3 3 8 m i l e s
S T O C K . __ T h e p r e f . s t o c k h a s v o t i n g p o w e r u p o n d e f a u l t o f p a y m e n t o f
d iv id e n d th e r e o n .
V . 8 2, p . 217, 280.
D I V I D E N D S . — D l v . o n p r e f . , 1H% q u a r . . p a i d J u l y 2 1 9 0 6 t o J u l y 1 0 0 7
In c lu s iv e ; n o n e s in c e t o O c t 1 9 1 0 .
V . 85. p. 600.
V O T I N G T R U S T — A l l t h e c o m m o n s t o c k Is d e p o s i t e d u n d e r a v o t i n g
t r u s t a g r e e m e n t t o M c h . 6 1 9 1 1 , s u b j e c t t o t e r m i n a t i o n In t h e d i s c r e
tio n o f X v o t V g
tr u s te e s . v iz .: A u g u s t B e lm o n t. W a lt e r G . O a k m a n .
T h o m a s F . R y a n . C o r n e liu s V a n d e r b ilt a n d P e t e r A . B . W ld e n e r .
B O N D S .— T h e c o lla t e r a l tr u s t 4 > 4 s o f 1 9 0 6 (W in d s o r T r u s t C o .. N . Y . .
tru stee)
a re
secu red
by
p le d g e
o f a ll t h e s t o c k o f t h e I n t e r b o r o u g h
R a p id T r a n s it C o . o r v o t in g t r u s t c e r tific a te s t h e r e fo r a c q u ir e d a t t h e r a t e
o f $ 1 , 0 0 0 In b o n d s t o r $ 5 0 0 I n t e r b o r o u g h R a p i d T r a n s i t s t o o k . V A .8 “ t p ’ z ^ ’
A $ 5 0 0 , 0 0 0 5 % m t g e . d u e In t o l l c o v e r s p r o p e r t y In 2 1 8 t h S t .
V . 83. p . uo.
T h e c o l l , t r u s t 5 % n o t e s o f 1 9 0 7 e x t e n d e d i n 1 9 1 0 (S lS .O O O .O O O a u t h .
is s u e ) c a n b e I s s u e d o i d y p r o r a t a a s t h e c o l l a t e r a l m e n t l o n e a ( v . 8 4 , p .
12 18) I n t h e d e e d o f t r u s t Is d e p o s i t e d .
C o l la t e r a l m a y b e w it h e r a w n o n
d e p o s i t o f a n a m o u n t o f c a s h a s f i x e d b y t h e d e e d o l: t r u s t .o r a d d i t i o n a l n o t e s
o f M e tr o p o lita n S t r e e t R y .
T h e r e a r e $ 2 ,5 4 9 ,4 0 0 6 /o n o t e s ( e x t e n d e d ) d u e
J u lv 1 1 9 1 1 .
V . 8 5 , p. 1 4 0 1 ; V . 8 6 . p . 1 2 8 5 - V . 9 0 , p . 1 4 9 1 .
In J u ly 1 91 0 $ 4 ,0 0 0 ,0 0 0 n o te s w e r e s o ld to s e t t le lit ig a t io n o n a c c o u n t o f
s t o c k l i a b i l i t y In M e t r o p o l i t a n S e c u r i t i e s C o .
V . 91, p. 38.
R E P O R T .— R e p o rt o l h o ld in g c o m p a n y fo r y e a r e n d in g D e c . 31 1900
w as In V . 90, p . 234
T o ta l r e ce ip ts, $ 3 ,3 4 2 ,5 8 1 ; In terest, ta x e s , & c .,
$ 3 ,3 7 2 ,2 1 6 ; b a la n c e , d e fic it. $29 ,6 3 5 .
C o m b in e d O p e r a tio n s — In ter b o r o u g h R a p . T r a n . C o . a n d N . Y . C i ty R v .
1905-06.
C h a n g es.
Y e a r e n d . M a r c h 31—
1906-07.
G ross e a r n in g s ................................. $43 ,353 ,84 1
O p era tin g e x p en s es ____ ________ 2 1 ,8 4 1 ,8 8 4
$ 40 ,693 ,67 1
I n c . $ 2 ,6 6 0 ,1 7 0
2 1 ,0 4 4 ,5 1 6
In c.
797 ,368
N et e a r n in g s ................................$ 21 ,511 ,95 7
O th er I n c o m e ..................................
1 ,187,464
.1 9 ,6 4 9 ,1 5 5
1,215,781
T o ta l In com e................................... $ 2 2 ,699 ,42 1
♦ Interest rentals an d t a x e s ______$1 7 ,9 5 6 ,5 5 2
I n t . (4 > S % ) on I n t.-M e t. b o n d s 3 ,1 5 0 ,0 0 0
M etrop . St. R y . gu ar, d lv s _____
666 ,368
In t.-M e t. 5 % p ref. d iv id e n d ___
2 ,2 7 3 ,9 9 0
$ 2 0 ,8 6 4 ,9 3 6
$ 1 6 ,7 6 6 ,9 2 6
a 2 ,8 0 0 ,0 0 0
3 ,6 3 9 ,8 8 8
---------------
B a la n c e .
IN T E R O C E A N IC R Y . O F M E X IC O , L T D .— S ec page 165.
I O W A C E N T R A L R Y . — (S e e M a p . ) — O perates P e o ria , 111., w est t o O ska-
I o w a J e t ., 111., t o M a n ly J e t.
I la . C. & W ., B e lm o n d t o A lg o n a . 37
I o w a ____________________________ 363 [ T r a c k , Io w a J e t. t o P e o r ia _______
3
B ran ch es t o B e lm o n d , & c ________ 127 M an ly J e t ., L a ., t o A lb e r t L e a ,
I M in n, (o w n e d J o in tly )__________28
H I S T O R Y .— R e o r g a n iz a tio n (b y p lan In V . 4 4 , p . 653) o f th e C en tral
I o w a , sold In fo re clo su re In 1887-88. In 1900 M in n eapolis & S t. L o u is Inter
ests o b ta in e d c o n tr o l th ro u g h purch ase o f c o m m o n s to c k
V . 7 0 , p . 1249.
S T O C K .— C o ra ., a u t h ., $ 1 1 ,0 0 0 ,0 0 0 ; Issued, $ 8 ,5 2 4 ,6 8 3 . P r e f., a u t h o r .,
$ 7 ,4 0 0 ,0 0 0 ; Issued, $ 5 ,6 7 4 ,7 7 1 . T h e p r e f. Is en title d t o 5% ( n o n -c u m .).
th en c o m . t o 5, th e n b o th share p ro r a ta . V . 62, p . 54 8 . P a r $100.
D I V I D E N D S .— O n p r e f. In 1892, 1 % ; 189 9, 3; 190 0, 1 H , n o n e sin ce.
B O N D S .— T h e re fu n d in g 4s o f 1901 are se cu re d b y a m o r tg a g e on th e e n
tire p r o p e r ty n o w o w n e d o r h ereafter a c q u ir e d , s u b je c t t o th e $ 7 ,6 5 0 ,0 0 0
first 5s, fo r w h ich an e q u a l a m o u n t is re s e rv e d . T h e b a la n ce Is Issuable
fo r fu tu re e x te n sio n s a t n o t e x c e e d in g $25 ,0 0 0 p er m ile . Im p ro v e m e n ts an d
e q u ip m e n t. V . 7 3 , p . 89 9 . In J u ly 1910 $ 5 ,7 2 0 ,0 0 0 w ere sold an d lis te d :
$99 6 ,0 0 0 a d d itio n a l In tr e a s u r y . V . 8 6 , p . 229 , 1589; V . 8 7 , p . 1420;
V . 8 8 . p . 564; V . 8 9 . p . 163. In 1909 sold $ 3 2 0,00 0 5 % e q u ip m e n t tru sts;
V . 8 8 , p. 1437; V . 89, p. 1341; In 1910, $ 1 5 4 ,0 0 0 ; V . 91, p . 518.
E A R N I N G S .— 12 m o s ., /1 9 0 9 -1 0 ............ G ross, $ 3 ,3 6 1 ,2 8 2 ; n e t, $ 6 6 9,41 5
J u ly 1 to Ju n e 3 0 .
(1 9 0 8 -0 9 ............ G ross, 3 ,0 1 5 ,6 4 7 ; n e t, 454,871
A N N U A L R E P O R T .— R e p o r t fo r 1908-09 w as In V . 8 9 , p . 1341. C o m
parison s are In a ccu ra te , o w in g to ch anges In a c c o u n tin g in tw o la te r years.
S o ft-c o a l to n n a g e In y e a r 1908-09 w as 1 ,1 0 5 ,5 2 3 (4 7 % o f to ta l to n n a g e .)
Y e a r e n d in g J u n e 3 0 —
1909.
1908.
1907.
1906.
G ross e a rn in g s................. $3,015,647
$ 3 ,0 0 2 ,4 7 5
$ 3 ,1 3 2 ,0 4 8
$2,0 5 8 ,5 8 7
774 ,849
981 ,8 4 0
80 1,121
454,871
N et earns, (o v e r t a x e s ).
992 ,536
970 ,917
1 ,201,467
568 ,522
T o t .n e t r e c ’ tsfln cl.re n ts)
755 .094
755 .872
796,042
746,973
In te re st, ren tals, & o ___
In c.
In c.
D e c.
In c .
$ 1 6 ,6 3 5 ,1 0 7 $ 1 4 ,9 7 8 ,9 1 9 $ 1 2 ,9 7 0 ,3 0 9 $12 ,2 0 8 ,3 3 9
G ross In c o m e ------$ 1 0 ,5 5 2 ,9 6 0 $10 ,3 8 9 ,0 9 6 $ 9 ,2 6 9 ,6 5 0
$8,4 9 1 ,8 9 5
T o ta l d e d u c tio n s —
3 ,1 5 0 ,0 0 0
3 ,1 5 0 ,0 0 0
3 ,1 5 0 ,0 0 0
3 ,1 5 0 ,0 0 0
D iv id en d s (9 % ) — " I I
$55 0,65 9
$566,444
D I R E C T O R S .— A u g u s t B e lm o n t (C h a irm a n ), A lfre d S k ltt, A n d r e w
F reed m a n , Jam es J o u r d a n , J o h n P ierce, G eo. W . Y o u n g , W m . A . R e a d ,
C ornelius V a n d e r b ilt, E d w a rd J . B e rw ln d , E d w in H a w le y , I I . M . Fisher.
G erald L . H o y t , T h e o . P . S h o n ts, F . d e C. S u lliva n , N ew Y o r k : an d G ardin er
M . L a n e, B o s to n .
P r e s ., T . P . S h o n ts; V .- P . , F ran k H e d le y , D a v id W .
R o s s ; S e c .. H . M . F ish er; T r e a s ., J o h n H . C a m p b e ll. O ffic e , 165 B w a y ,
N ew Y o r k .— ( V . 90. p . 499 , 976, 1170; V . 91, p . 94, 271 , 713, 870.)
I N T E R N A T I O N A L * G R E A T N O R T H E R N R R •— (»See M a p M i s s o u r i P a
L o n g v ie w , on T e x . & P a c.(n e a r S h r e v e p o rt, L a .) , so u th w e ste rly to
H o u s to n a n d G a lv es ton , also t o L a re d o , T e x ., on M e x . N a tio n a l R R ., and
S p rin g n orth erly t o F t . W o r t h ; to ta l J u ly 1909, 1,159 m iles, v iz .:
J o in t tr a ck a g e—
M ile s .
L in es ow n ed —
M ile s .
L o n g v ie w , T e x ., t o L a r e d o ------- 494 G a lv e sto n H o u s to n & H en derson
(Join tly w ith M . K . & T . ) ---------- 50
P a lestin e t o H o u s to n , T e x ------------150
M ln eola, C olu m b ia , & o------------------121 O th er lin es___________________________ 26
F o r t W o r th t o S p r in g ------------------- 261 H o u s to n , O ak L a w n & M agnolia
P a rk R y __________
_________ 10
N a v a sota t o M a d lson v llle--------------- 47
O R G A N I Z A T I O N .— S to c k a u th o r iz e d Is $ 2 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 9 ,
7 5 5 .0 0 0 ; p a r, $100; c o n tr o lle d In Interest o f M issouri P a cific.
R E C E I V E R S H I P .— O n F e b . 26 1908 T h o s .J . F reem an w as a p p o in te d r e
c e iv e r. T h e M arch 1908 co u p o n s on 2 d a n d 3d m tg e . b o n d s were d e fa u lte d ,
a large a m o u n t o f earlier c o u p o n s on 3d m tg e . b o n d s also rem ain in g u n p a id ,
as w ell as a large a m o u n t o f u n secu red flo a tin g d e b t .
F oreclosu re sale u n d er 2nd M. has been a d jo u r n e d to M ay 16 1911, o n
a c c o u n t o f T e x a s legisla tion g iv in g a p re fe re n ce to u n secured d e b t .
V. 91,
p. 46 3 , 589, 655 , 8 7 1 ,9 4 5 .
R e c e iv e r 's c t fs ., $ 3 4 0,00 0 6 s ($240,000 sin ce re
tir e d ). w ere a u th . t o p a y Int. d u e M ay 1 1908 o n 1st M . b o n d s. V . 87,
p . 812 . R e c e iv e r ’s c tfs . o u ts ta n d in g M arch 31 1910, $10 0,00 0. J u d g
m en ts, $ 4 ,9 2 9 ,0 9 8 , en te re d M a y 14 1908. V . 8 6 , p . 1285.
2nd M . B o n d h o l d e r s ’ P r o t e c t i v e C o m m i t t e e . — A co m m itte e con sistin g o f
W . E m len R o o s e v e lt , E d ga r L . M arston a n d H . K . P o m r o y o f N ew Y o r k
a n d Joh n W . H am er o f P h ila d elp h ia (F a rm e rs ’ L o a n & T r . C o ., d e p o s it a r y ),
e a rly In 1908 req u ested d e p o sits o f 2d m tg e . b o n d s.
In 1908 m o st o f the
$10 391 ,000 2d m tg e . b o n d s had been d e p o s ite d .
V . 8 6 , p . 1042, 134 3,14 25.
3d M . B o n d h o l d e r s ’ C o m m i t t e e . — A c o m m itte e (A lv in W . K re ch , C h air
m a n , E q u lt. T r . C o ., N . Y . , d e p o s ita ry ) In M a y 1910 req u ested d ep osits.
V . 90. p. 1170.
B O N D S .— T h e 2d m t g e . In t., scaled t o 5 % , u p o n d e fa u lt re v e rte d t o 6 %
as fo rm e r ly .
V . 7 3 , p . 445 . Ju n e 30 1909, ca r tru s ts, $83 8,98 3.
E A R N I N G S .— 2 m o s .,/1 9 1 0 .................G ross, $ 1 ,4 0 7 ,3 3 4 ; n e t, $28 8,99 0
J u ly 1 to A u g . 31.
\ 1 9 0 9 _________G ross.
1.190,983; n e t.
122,954
F o r fiscal y ear 1909-10, as re p o rte d to I . C. C om m ission , gross, $8,5 6 6 ,8 6 5 ;
n et. $1,5 1 7 ,0 7 8 again st $ 1 ,4 9 9 ,7 9 3 In 1908-09.
O th er I n c . C h g e s ., & c .
lo o s a , l a ., th en ce n o r th e r ly t o A lb e r t L ea , M in n ., fo rm in g a th ro u g h lino
v ia M in n. & S t. L . R R . , f ro m P e o ria , 111., t o S t. P a u l, M in n ., 558 m iles, v iz .:
I n c o m e fro m o p e r ____ $ 1 6 ,2 2 4 ,0 8 3 $ 1 3 ,9 7 7 ,1 4 4 $ 11 ,750 ,13 9 $ 1 1 ,392 ,50 6
4 1 1 ,0 2 4
1,0 0 1 ,7 7 5
1,2 2 0 ,1 7 0
815 ,833
N o n -o p e r. In c o m e _______
c i fic .)—
N et.
$ 1 ,8 3 4 ,4 8 5
$ 1 ,1 8 9 ,6 2 6
350 ,0 0 0
2 ,9 7 3 ,5 2 0
2 ,2 7 3 ,9 9 0
In c .
IN T E R B O R O U Q H R A P I D T R A N S I T C O — (See M a p .) — In c o r p o r a te d
M a y 6 1902 In N . Y . , a n d Is n o w o p e ra tin g m u n icip a l tu n n el R R . In N . Y .
C ity , e x te n d in g , w ith tw o tra ck s, fro m B a tte r y t o C ity H a ll, an d as a fo u rtra ck line fro m th e C ity H all (w ith tw o -tr a c k lo o p at th a t poin t) u n d er new
E lm S t ., F ou rth a n d P a rk a v e s ., t o 42 d S t ., th e n ce u n d e r 4 2 d S t.a n d B ro a d w a y t o 103d S t.; a lso as tw o -tr a c k lin es, p a r tly v ia d u c t , (a) fro m 103d S t .,
o n th e W es t S id e, to V an C o rtla n d t P a rk , (6) fro m 103d S t. to th e E ast Side
a n d B ro n x P a rk .
E x ten sio n (tw o -tr a c k ) u nd er th e E ast R iv e r v ia F u lto n
a n d F latbu sh a ven u es to A tla n tic A v e ., B r o o k ly n , 2 M m iles, there c o n n e c t
i n g w ith the L o n g Isla n d R R . , w as o p e n e d M ay 1 1908.
T o ta l, a b o u t 82
m o f track f in d . 9 m . sid in gs, & c.) o n 25>3 m iles o f ro a d (o f w h ich 18 H
s u b w a y and 7 e le v a t e d ); leases M an h a ttan (E le v a te d ) R y ., 118 m .; su rfa ce
lines ow n ed o r c o n tr o lle d , 155 m .; t o ta l, 355 m iles. V . 77, p . 827 ; V . 80,
p . 222, 1912; V . 84, p. 1306; V . 85, p. 600, 654, 1005; V . 86, p . 108, 1100.
A L L I E S .— H as a g reem e n t w ith N . Y . C ity I n te r b o r . S t. R y ., co n tr o lle d
b y allied in terests. 8 m . o p e r a te d . V . 8 0 , p . 117, 1175, 1479; V . 8 2 , p .
868 , 1268 ; V . 86, p . 1100. C on trols S u b w a y R e a lt y C o. V . 82, p . 218 , 513.
O w ns s to c k o f N . Y . & Q ueens C o u n ty R y ., 74 m iles, an d (Join tly w ith
L o n g Isla n d R R .) the N . Y . & L . I. T r a c tio n C o .. 56 m iles. V . 8 0 , p . 2621;
V , 83, p . 818 ; V . 8 6 , p . 1100.
In O c t . 1910 d ecision w as pe n d in g o n c o m p a n y s olTcr t o turn o v e r t o th e
c it y th e title to th e S tein w a y tu n n el (N . Y . & L . I . R R . ) . In c o n sid e ra tio n
o f th e right (a) to o p e r a te It (w h en co m p le te d ) o n sam e term s as th e su b
w a y north o f C ity H a ll; (b ) to th ird -tra ck th e e le v a te d lines, & c.
V . 91,
p . 870 . 913; V . 89, p . 1069; V . 90, p . 1554, 1614.
P elh am P a rk R y . an d
C ity Island R R . , see s e cu rity h o ld in g s , V . 8 3 , p . 155.
C O N T R O L — In D eo. 1907 $ 3 3 ,0 1 2 ,5 0 0 o f th e $35 ,0 0 0 ,0 0 0 s t o c k had
been ex c h a n g e d fo r 2 0 0 % In 4 ^ % co lla te ra l tru st b o n d s o f the In te rb o ro u g h
M etrop olita n C o. (w h ich see a b o v e ) , se cu re d b y th e s to c k e x ch a n g e d .
C O N T R A C T S .— C o n tra ct w ith c it y ca lle d fo r th e co n s tr u c tio n o f th e ro a d
fro m C ity H all n orth fo r $ 3 5 ,0 0 0 ,0 0 0 an d Its lease to the c o m p a n y fo r 50
yea rs fro m c o m p le t io n , re n e w a b le fo r a n o th e r 25 years, the rental to be
eq u a l t o th e Interest on the c it y ’s b o n d s Issued fo r co n stru ctio n (b u t n o t fo r
ea sem en ts, & c.) a n d a s in k in g fu n d o f 1 % y e a rly t o retire the b o n d s.
See
p r o v is io n V . 82, p . 1157.
In D e c. 1907 $ 5 ,9 3 4 ,7 9 8 w as allow ed fo r e xtra
c o n s tr u c tio n .
V . 85, p . 1461. T h e c o m p a n y also at Its ow n exp e n se p r o
v id e d the e lectrica l e q u ip m e n t (co s tin g o v e r $ 2 6 ,0 0 0 ,0 0 0 ; see V . 82, p .
4 5 2 ).
F or c o n tr a c t see V . 69, p . 1063. T h e exte n sio n fro m C ity H all
M an h a ttan to B ro o k ly n w as b u ilt w ith o u t aid fro m the c it y e x c e p t a b o u t
$ 4 ,0 0 0 ,0 0 0 , an d leased fo r 35 years w ith p riv ile g e o f renew al fo r 25 years.
V . 8 6 , p . 196; V . 75, p . 184, 1086, 1202. See V . 7 6 . p . 101, 1234.
D I V I D E N D S .— J u ly 1904, 2 % ; 1905, 8 ° A % ; 1906, 8 J * % : 1907 t o O ct
1910, 9 % y e a rly (Q -J ).
B O N D S A N D N O T E S .— $ 5 5 ,0 0 0 ,0 0 0 m o r t. b o n d s , d a te d 1907, are
p u rch asab le at 105 an d Int. b y a y e a rly sin k in g fu n d o f $30 0,00 0, b egin n in g
N o v 1 191 0, an d also s u b je c t t o call on a n y Interest d a y at the sam e price
In a m ou n ts n ot less th an $ 1 ,0 0 0 ,0 0 0 . T h e p roceed s to be used to p r o v id e
fo r th e $3 5 ,0 0 0 ,0 0 0 n otes due 1910 an d 1911, an d fu tu re req u irem en ts. In
J u ly 1909 th e $ 1 0 ,0 0 0 ,0 0 0 b o n d s reserved t o retire the n otes due M arch 1910,
w h ich w ere called fo r p a y m e n t on S e p t. 1 1909, w ere s o ld . V . 8 9 , p . 4 1 ,
103
T h e b o n d s are secu red b y all th e real esta te an d p o w e r h ou ses, lease
h o ld Interest In th e s u b w a y . M an h a ttan R y ., s to ck s an d b o n d s o w n e d ,
a d v a n c e s t o oth er c o ’s an d o th e r p r o p e r ty ; to ta l cash c o s t , $ 5 4 ,0 9 5 ,4 1 9 .
T h e $ 2 1 ,9 7 3 ,0 0 0 3 -y e a r 6 % n otes d a te d M ay 1 1908, are secu red b y
d e p o s it o f $ 28 ,039 ,80 0 o f a b o v e b o n d s. Into w h ich th e y are c o n v e r tib le at
th e o p t io n o f th e h old er to N o v . 1 1910 at th e rate o f 99 In collateral n otes
fo r $100 In b on d s o n 5 d a y s ’ n o tice . T h e d e p o s ite d b o n d s m a y be w ith
draw n a fter N o v . 1 1910 o n p a y m e n t In cash o f a t least 83 1 -3 % o f th e fa ce
v a lu e .
V . 8 6 , p . 1100, 1042, 981; V . 8 7 , p . 1479, 1610; V . 90, p . 1170.
R E P O R T .— R e p o rt fo r y e a r en d fn g Ju n e 30 1910, V . 91, p . 713.
R esu lts
p r io r to 1908-09 are m a d e up a c c o r d in g to p re vio u s m e th o d o f a c c o u n tin g .
Y e a r e n d . J u n e 30—
1909-10.
1908-09.
1907-08.
1906-07.
G ross on er, r e v e n u e ____ $28 ,9 8 7 ,6 4 8 $2 6 ,5 2 4 ,3 9 4 $ 24 ,059 ,29 9 $2 2 ,3 6 3 ,8 0 2
O p era tin g e x p e n s e s ____ $ 11 ,013 ,14 3 5 1 0 .7 4 7 ,4 4 3 $ 10 ,722 ,69 4
$9,593,331
__
1 ,750.422
1 ,799,807
1,586,466
1,377,965
Taxes
$ 1 ,4 3 9 ,8 2 3
G ross.
In c . $ 1 ,8 6 2 ,8 0 2
D e c.
28,317
D e fic it.............................................. $ 1 ,3 4 7 ,4 8 9
$ 2 ,3 4 1 ,8 7 8
D e c. $994,389
♦ E x clu d in g M etrop . sp ecial fra n ch ise t a x In litig a tio n , a D iv id e n d .
O F F I C E R S .— P r e s ., T . P . S h o n ts; V . - P . , J . B . M c D o n a ld .
O ffic e , 165
B r o a d w a y , N . Y . - ( V . 8 8 . p . 1372; V . 9 0 . p . 23 4 . 1491; V . 91. p . 38. 790.)
S u r p l u s ........ ...................$ 2 ,9 3 2 ,1 4 7
Y ears—
1908-09 _____$ 8 ,0 9 7 ,9 3 9 $1,4 9 9 ,7 9 4
$46,521
$ 2 ,7 1 2 ,5 8 3 d e f .$1,1 66,268
1907-08 _____ 6,9 2 2 ,2 6 8
3 63 ,560
66,444
* 2 ,8 9 0 ,4 6 8
d e f.2 ,4 6 0 ,4 6 4
1906-07 _____ 8 ,8 2 6 ,9 5 7
1,950,008
4,5 3 0
1,780,811
173,727
* In clu d e s Joint facilities. $6 7 ,5 1 3 , an d hire o f e q u ip m e n t ,b a la n c e . $ 2 4 0 ,
130 , an d $272,402 fo r a d d ’ ns an d b e tte r m e n ts .— (V . 9 1 , p . 8 7 1 , 945 .)
O w n s—
M ile s .]
L e a s e s — {sto c k o w n e d .)
M ile s .
B a la n ce , s u r p lu s ___d e f. $227,521 su r.$ 223,944 s u r.$ 4 4 5 ,5 9 5 su r.$ 2 3 7 .4 4 2
— (V . 89, p . 163, 1 3 4 1 ; V . 91, p . 518, 790 , 1095.)
G U A Y A Q U I L & Q U IT O R Y . — (3 4$ -ft . g a u g e .)— O w ns fro m G u ayaqu il
t o Q u ito , E c u a d o r , a b o u t 286 m iles, w ith t w o bran ch es, c o m p le te d June
1908. V . 81. p . 556; V . 8 3 , p. 1170.
S to c k a u th o r iz e d , p r e f., 7 % c u m ., $ 5 ,2 5 0 ,0 0 0 ; c o m m o n , $ 7 ,0 3 3 ,0 0 0 ; p a r,
$100.
O f the c o m m o n $ 3 ,4 4 5 ,7 0 0 is Class A , $ 3 ,5 8 6 ,3 0 0 Class B and $1,0 0 0
sp ecial v o t in g s to c k held b y th e cou n cil o f fo re ign b o n d h o ld e rs , w h o m a y
a p p o in t three d ire cto rs . Class C m a y be red eem ed a t p ar a t a n y tim e a fte r
all b o n d s n o w o r h ereafter gu aran teed b y E c u a d o r shall h a v e been p aid In
fu ll.
V . 8 9 , p . 1483. T h e 5s (fo rm e rly 6 s) o f 1899 are g u a r ., n rin . and In t.,
b y th e G o v ’ t o f E cu a d o r, secu red b y a lien , s u b je c t t o th a t o f th e prior Hen
b o n d s, o n all th e cu sto m s d u tie s , the G o v t , re c e iv in g 4 9 % o f c o m . s t o c k .
L a te In 1908 an agreem en t w as m ade fo r the surrender o f the fo u r c o u p on s
o f the general series b o n d s fro m J u ly 1907 t o Ja n . 1909 In e x ch a n g e for
$90 o f G o v ’ t " S a l t ’ ’ b o n d s b e a rin g 4 % Int an d 4 % sin k in g fu n d , to be used
t o draw the b o n d s fo r p a y m e n t at par; also fo r the Issue o f $2,4 8 6 ,0 0 0 o f
6 % p rio r lien b on d s h a v in g a p referen tial m o rtg a ge o n th e ro a d a n d cu stom s
revenues redeem able b y a sin k in g fund o f 2 H % a t par ° r as a w h ole a t 105,
the Interest on the general series Donds b ein g re d u ce d fro m 6 t o 5 % .
A fter
th e p a y m e n t o f the prior lien bon d s th e G o v e rn m e n t Is to co n tin u e t o p a y
5 % an d 1 % sin kin g fu n d . T h e holders o f th e general series b o n d s re ceiv ed
$100 per $1,000 b o n d In n o n -In t.-b c a r in g ce r tfs . V . 87, p . 1478; V . 8 8 , p . 564.
P res.. A rch er H arm a n ; V .- P ., T . H . P ow ers F a rr, N ew Y o rk : S ec. and
T r e a s ., J o h n J . G ln n an e. N . Y . o ffic e , 33 W a ll S t .— ( V . 90, p . 1170.)
J A C K S O N V I L L E T E R iM I N A L R Y . — O w ns u n ion fre igh t an d passenger
d e p o ts an d term in al p ro p e rtie s a t J a ck s o n v ille , F la .. In clu din g 23 m iles of
track used b y A t l. C oa st Line R R ., S e a b o a rd A ir L in e, F lorid a E ast C oast
R y ., S ou th ern R y . a n d G eorgia S o u . & F lorid a R y ., the five co m p a n ies
first n a m e d gu a ra n teein g b y e n d o rse m e n t the p rln . * Int. of a b o v e b o n d s
an d o w n in g entire s to c k . T h e five co s. each gu ar, o n e -fifth o f th>* Int. under
rentals and m eet expenses on w heelage basis.— (V . 71, p . 135.)
JA M E S T O W N F R A N K L I N & C L E A R F I E L D R R . — Owns fro m J am es
t o w n , P a ., on th e L a k e Sh ore & M ich . S o ., t o B r o o k v lllc , P a ., 99 m iles;
b ra n ch e s, 25 m .; tra ck a g e t o C learfield, P a ., 54 m .; to ta l, 178 m iles.
C o n tro lle d b y L a ke S hore & M ich igan S o u th e rn . A co n s o lid a tio n In 1909.
V 8 8 , p . 506, 1002.
L eased to the L a k e S h ore & M ich . S o u . fro m A p ril 1
1909 fo r th e term o f the c o r p o r a te e x is te n ce an d ren ew als, rental c o v e r in g
Interest o n b o n d s and 5 % y e a rly on $ 3 ,0 0 0 ,0 0 0 s to c k (all o w n e d b y L a ke
S h o r e ), p a y a b le q u a rte rly (Q .-J .)
O f the 4s o f 1909, $1 1 ,0 0 0 ,0 0 0 g u a ra n
teed b y th e L a k e S h ore w ere Issued t o retire o u ts ta n d in g d e b ts a n d b o n d s
an d rem ain in g $ 1 4 ,0 0 0 ,0 0 0 reserved fo r e x te n sio n s a n d Im p ro v e m en ts.
V . 90, p . 167, 6 9 7 .— (V . 90, p . 167, 697, 1554.)
JE F F E R S O N R R . — O w ns L a n e sb o ro , P a ., t o C a rb o n d a lo , P a . . 37 m iles,
d o u b le tra ck ; b r a n c h . W e s t H a w le y , P a ., t o H o n cs d a le , P a ., 8 m iles. Leased
In p e r p e tu ity to the Erie R R . C o . fo r $14 0,00 0 per an n u m fo r m ain line
a n d $14 ,940 fo r b r a n c h .
U sed b y D elaw are & H u d son t o re a ch C a rb on da le.
S t o c k , $ 2 ,0 9 5 ,4 5 0 ; all o w n e d b y Erie R R . — (V . 8 7 , p . 1479.)
JO NE SB ORO L A K E C I T Y & E A S T E R N R R . — O w n s J o n e s b o r o t o B a r
field. A r k ., 67 m iles: O sceola J e t. to O sce o la , A r k ., 20 m iles. S t o c k ,
$60 0 ,0 0 0 .
B o n d s ( $ 1 , 000,000 au th o riz e d Issu e), Bank o f C o m m erce &
T ru st C o .. M em phis. T e n n ., trustee
F or year e n d in g Ju n e 30 1909 g ros s ,
$15 1,97 6; n e t, $30 ,931 : ch arges, $30 ,942 ; dlvl. e n d s, $ 5,850; b a l., d e f ..
$ 5 ,8 6 2 . P r e s ., E . F . B ro w n . O ffic e , J o n e s b o r o , A r k .— (V . 8 1 , p . 1665.)
JO P L I N UNION D E P O T CO .— H as u nd er c o n s tru ctio n on 26 acres ow n ed
a t J o p lin , M o ., a u n ion fre ig h t and passenger sta tio n an d term in als, t o be
used b y the A tc h . T o p . & S . F e , K ansas C ity S o u ., M o. K a n s. & T e x a s
an d M o. & N or. A rka n sas, w h ich Jointly o w n th e $40 ,0 0 0 s to c k an d Join tly
an d sev e ra lly g u aran tee th e b o n d s, prln . an d Int. O f th e b o n d s ($750,000
a u t h .), $50 0,00 0 s o ld ; P h ilad elp h ia T r u s t, S afe D e p o s it & In su ran ce C o .,
trustee. T o ta l s t o c k a u th o r iz e d , $ 5 0 0 ,0 0 0 .— (V . 90, p . 502 , 627.)
K A N A W H A & M I C H I G A N R Y . — (See M ap T o le d o
O'11? Central.) —
O w ns C orn in g. O ., t o G a u lcy on the C hes. & O h io , 177 m iles, less 18 m iles.
P o m e r o y to G a lllp olls, a n d 1 m ile, A th e n s to A rm lta g e , w here H o ck in g
V a i. R y . tracks are u se d . A ls o ow ns b ra n ch o f 11 m iles leased t o Toledo
& O h io Cen tral a n d C ol. S an du sk y & H o ck in g R y . co m p a n ie s .
H I S T O R Y . & c.— R e o rg . In A pril 1890 o f K . & O R y .f o r e c lo s s d (See
V . 50, p . 451 , 483 .)
In 1890 a m a jo rity o f s to c k ($ 4 ,6 0 0 ,0 0 0 ) w as acq u ired
b y T o l. & O h io C e n t., w h ich g u aran teed the b o n d s, prln . an d In t., b u t In
M ch . 1910 w as sold to C h esapeake & O h io an d L a k e S h ore & M ich. S ou th ern
Join tly , $ 3 , 454,200 o f the $ 4 ,4 0 0 ,0 0 0 m in o rity s to c k h a v in g to J u n eS O lO lO
agreed to a c c e p t $72 per share, less 1 V i %, co m m is s io n . T h e sam e Interests
In O ct 1910 acq u ire d an a d d itio n a l block,|salcl to a m o u n t to a b o u t $ 30 0,00 0.
V 90 p 771 849 , 977, 1425; V . 91, p . 276, 1095.
(S ec V . 52, p. 165, 351 .)
C apital s to c k $ 1 0 ,0 0 0 ,0 0 0 , $ 1 ,0 0 0 ,0 0 0 In treasu ry J u ly 1909.
L A T E S T E A R N I N G S .— (1 9 0 9 -1 0 ------ G ross, $ 2 ,0 8 2 ,8 9 8 ; n e t, $ 5 7 7,01 5
9 m o s ., J u ly 1 t o M arch 3 1 .1 1 9 0 8 -0 9 ------G ross. 1 ,6 3 4 ,2 6 4 ; n e t. 2 8 4 ,1 5 5
Surplus o v e r ch arges, 9 m o n th s , $ 4 7 1 ,4 4 1 ,a g a ln s t $ 1 5 6 ,2 6 6 s u r .In 1908-9.
R E P O R T .— R e p o r t f o r y e a r 1908-9 w as In V . 8 9 , p . 7 1 8 , s h o w in g ,
gross $'>,127,637; n et. $31 5 ,8 2 2 ; o t h . I n c ., $ 10 0,01 1; Interest, ta x e s . & o ..
$ 28 1,31 6; b e tte rm e n ts, $ 11 8,46 8; b a l., s u r ., $16 ,0 4 8 .
N ew d irectors
M ch . 1910, V . 90, p. 849 .
P resid en t, F . B . S h e ld o n .— (V . 91, p. 1095.)
K A N A W H A & W E S T V I R G I N I A R R . — T o e x te n d fro m C h a rleston . W .
V a ., to B e lv a on th e G a u ley R iv e r , 55 m iles, o f w h ich 39 m iles c o m p le t e d ,
ba la n ce u n d e r c o n s tr u c tio n . C o n tro lle d b y sam e Interests as B lu e C reek
C oal & L a n d C o ., o w n in g 4 4 ,0 0 0 acres o f co a l a n d tim b e r la n d In K a n a w h a
C o u n ty . S to c k a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 ; p ar o f sh ares, $ 10 0. O f th e $ 5 ,
0 0 0 ,0 0 0 a u th o riz e d 1st 5s, (S cra n to n T ru st C o ., tru s te e ), $ 1 , 000,000 h a v e
b e e n Issued, the re m a in d e r b e in g lim ited to $ 25 ,000 p er m ile , " h e first
$ 1 ,0 0 0 ,0 0 0 o f the Issue are gu a ra n te e d , p r ln . a n d In t., b y th e B lu e Creek
C oal & L a n d C o. a n d are s u b je c t to call a t 105 an d Interest. V . 8 3 , P ; 1524:
V . 84. p. 339 . P re s.. E d w a rd S . Jon es; V . - P . , W . A . M acC orkle; T r e a s .,
T h o s. E . Jon es; S e c .. W m . D . B o y e r .— (V . 8 4 . p . 3 3 9 .)
K A N S A S C I T Y C L I N T O N & S P R I N G F I E L D R Y.— O w ns fro m O la th e ,
K a n .,t o Ash G r o v e ,M o ., 154 m iles; H a y m o re J e t. t o P le a sa n t H ill, M o .,
8 m .; t o ta l, 162 m iles. S t o c k , $ 1 ,7 7 5 ,4 0 0 . B o n d s w ere g u a r, b y th e K a n .
C ity F t . S c o t t & M em . R R . (o ld c o . ) . C al. y e a r 1900, gross, $34 2 ,6 5 9 ; n e t.
R A IL R O A D C O M P A N IE S
[F o r a b b r e v ia tio n s , & c ., se e n o te s o n fir s t p a g e]
M ile s
R oad
8
J e ffe r s o n — 1st & 2 d M s e x t In '8 7 & ’ 80 ( H ’ dale Br) . . c
37
1st M C arb t o S d ep g e x t 1908 red 105 gu p & l.F P .c *
87
J o n e s b o r o L ake C ity & E a stern — 1st M S I ,0 0 0 ,0 0 0 au
J op lin U nion Sta— 1st M gu j ’t ly red 105 a ft 5 y r s .c *
J u n ction (P h ila d elp h ia )— See P e n n s y lv a n ia R R
15
K a n a w h a & Coal R iv er— J o in t M $75 0 ,0 0 0 g o ld a t —
164
K a n a w h a & M ich — 1st M $15 ,000 p m g gu p & l .C e .c *
S econ d m tge $2,5 0 0 ,0 0 0 auth g o ld red p a r — S x c *
E q u ip m en t t r u s t s _____________________________________
E q u ip m e n t b on d s d u e $23 ,000 s e m i-a n n u a lly _______
do
do
d u e o a r t se m i-a n n u a lly ----------------do
do
____________________________________
35
K an a w h a & W es t V a — F irst M $ 5 ,0 0 0 ,0 0 0 g t e x t . - . c
--Car trusts due $32,000 D ec y e a r ly -------------------- - - B a
K a n sa s C ity B elt— See K an C ity R'erm lnal R y .
162
K a n sa s C it y Clinton & Spring — 1st M g g u a r -----N B .c
K a n sa s Ci ty Fort Scott & M e m p h is R y —.
a911
R e f M $60 ,0 0 0 ,0 0 0 g o ld gu a r p & 1 e n d .- A l e .x c &r
160
K C F t S & G 1st M Id g r s f d r ’ n 110 (e x t In 1 9 0 8 )- C
26
K an sas & M issouri R R first m o r tg a g e -------- - - - - - ® ,
715
K ansas C ity F t S c o t t & M em phis R R c o n s M . NB.c
82
C u rren t R iv e r R R 1st M $20 ,000 p m gu ar
NB
3
K a n s C y & M R y & B d ge 1st M g s f d r a w n at 1 1 0 -C ■
285
K a n s C y M em <5c B lrm gen M $ 4 ,5 0 0 ,0 0 0 c u r _ _ O B .c
285
In c o m e n on c u m u la t iv e ---------------------------- . - - O B .c
285
sta m p ed fixed Interest re d e e m a b le text
do
21
B lrm B elt 1st M g old red 10 2 )4 gu a r p & 1 e n d ..O B
E q u ip m e n t n otes Series A d u e $65 ,000 s e m l - a n n .. . .
do
Ser B $85 ,000 d u e s-a (V 8 1 , p 1 0 4 4 ). . . B a
K a n sa s C ity A lexico & O rient— l s t M gold (see t e x t ).
8
K a n sa s C ity O uter Belt & E l e c t r i c - .l s t M $ 3 ,0 0 0 ,000g
K a n sa s C ity S ou th ern — P re f stk 4 % n -c $ 2 1 ,0 0 0 ,0 0 0 .
F irst m ortg a ge g o ld $ 3 0 ,0 0 0 ,0 0 0 . — - - - - - M e . c &r
R e f and lm p ’ t M $ 2 1 , 000,000 g o ld red 105 x c * &r N
E q u ip m e n t n otes g old red p ar d u e $72,000 s -a -------N
do^
do
g old ser B red par $30,000 s -a ------b In clu d es $28 7 ,0 0 0 held aliv e In sinking fu n ds.
a A ls o c o v e r s m a jo r ity o f s to c k o f K ansas C ity M em phis &
D a te
B onds
Par
V a lu e
1867
1889
1905
1910
$1,000
1,000
1,000
1,000
1004
1890
1907
1902
1906
1906
1909
1905
1906
1,000
1,000
1,000
1885
1901
1879
1882
1888
1887
1889
1894
1894
1894
1902
1905
1905
1901
1903
1900
1909
1905
1906
1,000
1,000
5
4
5
5
5
5
5
5
5
M &
A &
&
J
M &
F & A
&
J
M &
J &
<5s
J
1,000
3,1 0 2 ,0 0 0
5 g
1,000
g
g
g
g
A
4 g
A
1,000 &c 2 2 ,881,000
2 ,0 5 5 .3 0 0
5 (7) .)
100 <Scc
F
5
390 ,000
1,000
M
6
1,000 13,7 3 6 ,0 0 0
5
A
1,000
1,6 0 6 ,0 0 0
A
1 ,000 b 3 ,000 ,000
5 g
4
M
3.3 2 3 ,3 9 0
500 &c
s
5
369,780
500 &c
M
5
5 ,9 5 3 .0 0 '
500 &c
A
1,000,000
4 g
1,000
58 5,000
4 )4 g J
1.000
44 g F
8 5 1 .0 0 0
F
1,000
Fee te x t
•1 g
1,000
4 g
A
2,0 0 0 ,0 0 0
100 21.0 0 0 ,0 0 0 4 In 1910
0
A
1,000 &c 30,0 0 0 ,0 0 0
3 g
.)
1,000 &e 10,000,000
5 g
i ,000
720,000
4 )4 g M
360,000
4 )4 g J
J
O
s
N
L a s t D iv id e n d
an d M a tu rity
J u ly
Apr
Sept
M ay
P la c e s W h ere In te r e s t a n d '
D iv id e n d s a re P a y a b le
’ 27-Jan ’29 F id e lity T r u s t C o , P h lla
E rie R R , N ew Y o r k
1 1019
U S M tge & T r C o , N Y
1 1925
P h il T r , S D e p & Ins Co
1 1940
S S e p t 't 1924
0 Apr 11990
J J u ly 1 1927
N M ay 1 1912
15 F eb 15 ’ l l - ’
J J u ly '0 9 -J u ly
N M ay 1 1 9 1 7
J J u ly 1 1955
D T o D e c 1911
B a n k ers T r u s t C o , N Y
C en tral T r u s t C o , N Y
J P M organ & C o ., N Y
H o c k V a l R y , C o lu m , O
S u p S a v & T r C o , C leve
J H H o y t , C levelan d
N o rth e rn N a t B k , T o le d o
S cra n to n (P a ) T r u s t C o
R K le y b o lt e & C o , N Y
&
O O ct
1 1925
O ld C o lo n y T r u s t , B o s to n
&
&
&
&
&
&
&
pt
O
D
A
N
O
O
s
O ct 1 1 9 3 6
Jun e 1 1011
A u g 1 1922
M ay 1 1928
O ct 1 1927
O ct 1 1929
M ch 1 1934
M cll 1 1934
M ch 1 1934
O ct 1 1922
T o Jan 1 1915
F eb T l-A u g ’ 15
F e b 1 1951
A p r 1 1953
O ct 15 1910 1 %
A p r 1 1950
A pril l 1050
M ay ’ 11 -N o v ’ 15
D ec ’ 10 Jun e ’ 10
M erca n tile T r u s t C o , N Y
O ld C o lo n y T r u s t , B oston
do
do
M erc T r u s t, N Y ; & B ost
O ld C o lo n y T r u s t, B os to n ,
M erc T r C o , N Y ; & B o s t
do
do
do
do
do
do
do
do
Blair & C o , N ew Y o r k
do
do
A m er E x ch N at B k , N Y
do
Ro
C h ecks m ailed
N ew Y o r k T r u s t C o , N Y
d >
do
Blair & C o , N ew Y o r k
do
do
&
&
&
&
&
—J
&
*
&
&
s
0
J
A
A
O
O
J
N
D
Blrm l n g h a m , 2 85 m iles, an d p ro v ld es for retl rem en t o f Its bo nds.
(S e e M a p s R o c k Is la n d
(THE) KANSAS CITY A1EXICO & ORIENT RY. — ( S e e M a p . ) — M i l e a g e .
__ T h e r o a d w h en c o m p le te d w ill e x te n d fro m K an sas C ity , M o ., t o T o p o lo b a m p o , M e x ., 1,659 m iles, w ith a c u t -o ll fro m San A n g e lo , T e x ., t o D el R io ,
M e x ., 160 m iles, co n n e c tin g th e re , as w ell as a t C h ih u ah u a, M e x ., w ith
M ex ica n lines fo r M e x ico C ity .
O p e r a tio n — A l l S ta n d a rd -G a u g e S te e l R a ils .
T ra cka geW lc h lta i K a n ., t o San A n
g e lo, T e x ____________________ 509.94 C h lhu ahua & P a c . R R . C o .—
C h ih u ah u a t o M ln a ca , M e x . 125 .00
C h ih u ah u a t o F a lo m ir, M e x . . 87.7 3
M ln aca to S an ch ez , M e x ic o ___ 75.48
T o p o lo b a m p o to H o rn lllo s,M e x .7 4 .7 6
T o t a l m ileage (rail, 70 an d 80 lb s. In M e x ico , 70 & 75 lb s . In U . S .) .8 7 2 .9 1
C on tra cts h a v e been le t fo r g ra d in g o n m ain line so u th o f San A n g e lo .a n d
on b ra n ch fro m San A n g e lo t o D el R io , o n the R i o G ra nde R iv e r , 160 m iles.
W o r k has b eg u n an d w ill be p u sh ed as fa st as p o ssib le . T o t a l sidin gs
(A p ril 1 9 1 0 ), 81 .7 2 m iles.
R e p o rts o f e x p e r ts , p ro sp e ctu se s, & c., V . 90, p . 105, 110; V . 86, p . 668;
V . 8 3 , p. 95, 1411; V . 7 5 , p. 1253.
T h e K an sas C ity O u ter B elt & E le c tr ic R R . (see th a t c o . b elo w ) w ill,
w hen c o m p le te d , a llo r d term in al facilities a n d an en tra n ce Into K an sas C ity.
V , 7 6 , p . 331 ; V . 80, p . 871 .
H I S T O R Y .— I n c o r p . u n d er laws o f K an sas A p ril 30 1900 a n d op e ra te s
In M e x ico u n d er th e K ansas ch a rte r, legalized b y th e M e x ica n G o v ’ t . T h e
first rails w ere laid In 1902. F r o m K an sas C ity t o L o n e W o lf, O k la ., is
b e in g b u ilt u n d er c o n tr a c t b y U n io n C o n s tru ctio n C o . (o f D e la .) and fro m
L o n e W o l f, O k la ., t o T o p o lo b a m p o , M e x ., b y I n te rn a tio n a l C o n stru ctio n
C o. o f D ela . (ch a rter legalized In M e x ic o ).
_
S t e a m s h i p C o n t r a c t .— A c o n t r a c t w ith th e H a m b u r g -A m c rlc a n S b . C o.
p r o v id e s fo r T r a n s-P a cific s e rv ice u p o n c o m p le tio n o f ro a d to T o p o lo b a m p o .
E q u i p m e n t J u n e 30 190 9.— L o c o m o t iv e s , 67; cars, p assenger s e rv ice . 38;
fre ig h t, 1,9 2 8 ; s erv ice, 77. O f this e q u ip ., 49 lo co m o t iv e s a n d 1,933 cars
are h eld u n d er car trusts.
Pi S T O C K .— A u th o riz e d , $20 ,0 0 0 per m ile each in c o m m o n a n d 4 % n o n c u m . p re f. s to c k ; ou ts ta n d in g , Ju n e 30 1909, p r e f., $ 1 2 ,5 0 0 ,0 0 0 ; c o m ., $1 0 ,
718 125
P a r v a lu e , $100. In Ju n e 1909 Increase to $ 3 7 ,5 0 0 ,0 0 0 each o f
c o m m o n an d p ref. s to c k w as a u th o r iz e d . S to c k Is h eld In a v o t in g tru st
until Jan . 1 1917, th e v o t in g trustees bein g: A . E . S tllw e ll, W . W S y l
vester, W . A . R u le , W . S . W o o d s , K an sas C ity , M o .; R o b t . I I . L a w ,
C h ica g o, 111.; D ou gla s J. N e a m e , H a ro ld D . A r b u th n o t , L ew is R e n d e ll,
B a r o n iB o x a ll an d I I . J . C h ln n cry , L o n d o n , E n g .
V . 8 3 , p . 1411. T ran s
fer o ffic e , U . S . & M exica n T ru s t C o .: R e g is tra r, C o m m e rce T r u s t C o .,
b o th at K ansas C ity, M o
, . ^ ,,
_______
,,
B O N D S .— T h e fu n d ed d e b t co n sists o f 1st M . 4 % 50-year $1,000 gold
c o u p o n b on d s d u e F e b . 1 1951, as sh o w n In ta b le a b o v e . T ru ste e , U . S . &
M ex . T r . C o ., K an sas C ity , M o. A u th . issue Is $22 ,5 0 0 p er m ile o f single
m ain tr a c k , $15 ,000 per m ile o f ya rd an d term in al track and $12 ,0 0 0 per m ile
o f d o u b le track ; also $ 2 ,5 0 0 ,0 0 0 fo r e x tr a w o rk in th e Sierra M adre M oun
tain s, $ 5 ,0 0 0 ,0 0 0 for term in al fa cilitie s a t K an sas C ity o r T o p o lo b a m p o
o r b o th , an d $ 1 0 ,0 0 0 ,0 0 0 fo r fu tu re req u ire m e n ts an d a d d itio n a l ro llin g
s t o c k , a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 y e a r ly , b e g in n in g F e b . 1 1906.
O f th e $ 1 6 ,4 8 4 ,0 0 0 b o n d s Issued Ju n e 30 1909, $ 3 ,5 0 0 ,0 0 0 w ere so ld ,
$ 4 ,3 3 8 ,0 0 0 w ere In th e tre a su ry a n d th e b a la n ce o w n e d b y th e aforesaid
c o n s tr u c tio n co m p a n ie s .
In Ju n e 1910 $ 5 ,0 0 0 ,0 0 0 b o n d s w ere sold t o a
s y n d ic a te o f E n glish brok e rs and offe re d w ith an o p t io n b y th e purch aser o f
th re e -te n th s In a m o u n t o f p re f. s to c k a t $40 p er share a n d o f c o m . s to c k at
$25 per share.
U n d er a greem en t In fo r c e until A u g . 1912, the c o m p a n y pays
Interest only on th e b on d s s o ld . V . 78, p . 102; V . 81, p. 1411; V . 87, p . 37,
508; V . 91, p. 38, 94, 1025.
T h ere are also (1) $ 2 0 0,00 0 6 % 5-y e a r n o te s d u e A u g . 15 1913. b u t s u b
je c t t o call a fte r three yea rs, secu red per £100 n o te b y $ 1 ,0 0 0 In 1st M.
b o n d s , th e n otes b ein g c o n v e r tib le Into th e d e p o s ite d b o n d s taken a t 80;
&
&
&
&
750 ,000
2,4 6 9 ,0 0 0
2,5 0 0 ,0 0 0
550,000
276,000
159,900
160,000
1 ,000,000
64,000
K a n sa C ity . M . , t o M em phis, T e n n .,a n d b ra n ch e s. 914 m .,
A lso has a c o n tr o llin g Interest In s to c k o f the K . C. M em . & B lrm . R R .,
o w n in g line fro m M em phis, T e n n ., to B irm in gh a m , A la ., w ith b ra n ch , 285
m iles, a n d o f K ansas C ity & M em phis R y . & B rid ge C o ., o w n in g bridge
across M ississippi R iv e r a t M em ph is, 3 m iles. T o t a l, 1,201 m iles.
O R G A N I Z A T I O N .— In c o r p o r a te d on Jun e 14 1901 a n d Is v e s te d w ith
th e p r o p e r t y o f the form e r K an sas C ity F t . S c o tt & M em phis R a i l r o a d ; also
c o n tr o ls oth er m ilea ge. V . 72, p . 1237. See V . 72, p . 438 , 532, 675 , 98 8 .
T h e S t. L . & San F ra n . R R . ow n s the en tire s t o c k a n d leases th e r o a d , gu a r
a n teein g the b on d s o f 1901, p rln . an d In t., an d 4 % on p r e f. s to c k trust ce rts .
S T O C K .— C om m o n a u th o riz e d , $45 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 1 5 ,0 0 0 ,0 0 0 ,
all ow n ed b y S t. L ouis & San F ra n cisco R R . T h e p r e f.s t o c k ($ 1 5 ,0 0 0 ,0 0 0
a u th o riz e d , of w h ich $ 1 3 ,5 1 0 ,0 0 0 Is o u ts ta n d in g , p a r $100) Is d e p o s ite d In
es c r o w , a n d a g a in st It are Issued trust ce rtlllca tcs o f the S t. L . & San F . R R . ,
the la tter h a v in g the o p t io n t o retire the certifica tes a t a n y tim e at p a r,
a n d o b lig a tin g Itself to p a y o ff the w h o le Issue In 20 years fro m d ate (O c t .
190 1), a n d m ean w h ile to p a y q u a r. 1 % th e re o n . See V . 72. p . 1238.
B O N D S .— T h e r e fu n d in g b o n d s o f 1901 (lim ite d to $60 ,000 ,00 0) are
secu red b y all p r o p e r t y n o w o w n e d , o r h ereafter a c q u ir e d w ith the p r o
ceed s o f the r e fu n d in g Issue. O f th e b o n d s , $2 2 ,8 8 1 ,0 0 0 w ere o u sta n d in g
J u ly 1910, $ 2 9 ,0 1 2 ,2 7 0 w ere re served fo r e x ch a n g e a ga in st th e fa ce a m o u n t
o f u n d erly in g b o n d s, a n d the re m a in in g $ 8 ,1 0 6 ,7 3 0 , as w ell as a n y b o n d s
n o t used o r req u ired fo r r e fu n d in g p u rp o se s, w ill be reserved fo r issue fo r
a d d itio n a l lines an d ex te n s io n s , a t n o t e x c e e d in g $22 ,500 p er m ile th e r e o f.
A s t o g u a ra n ty , see " o r g a n iz a t io n ,” a b o v e . V . 75, p . 85 3 . See V . 87,
p . 414: V . 91, p . 3 8 , 154.
„
In 1910 the K . C . F t . S c o t t & M em . R y .h a d g u a ra n te e d the ln t . o n all
e x c e p t $36 9 ,2 8 0 o f th e $ 6 ,3 2 2 ,7 8 0 K . C. M em . & B lrm . In co m e b o n d s , b e
g in n in g M arch 1, the b on d s s o g u a ra n te e d be in g s ta m p e d w ith a p r o v is io n
m a k in g th em s u b je c t to call a t a n y tim e w ith in 10 years fro m S e p t. 1 1902
a t 95 a n d Interest. V . 7 4 , p . 477 , 577.
. . . . . .
B i r m i n g h a m B e l t b o n d s are g u a ra n te e d , p rin cip a l a n d Interest, Jointly b y
K an sas C ity M em phis & B lrm . a n d S t. L . & San F ra n . V . 7 5 . p . 1 1 4 7 .—
(V 87? p . 414 ; V . 8 8 . p . 1061; V . 89, p . 163, 1101; V . 91, p . 38, 154.)
a n d in
W h en
P a y a b le
J
A
M
M
C o . ) __ O perates
M ile a g e C o m p le te d
R a te
%
$300,000 4 H & 6
2 ,8 0 0 ,0 0 0
5 g
500,000
5 g
500,000
4 )4 g
S88 477
Y e a r en d in g 190 7-0 8, gross, $ 3 3 3 ,1 0 5 ; n e t, $76 ,9 3 4 ; ch arges,
$ 1 9 0 ,8 8 7 ; b a l.t d e f ., $ 1 1 3 ,9 5 3 .— (V . 73, p . 723 .)
K A N S A S C I T Y F O R T SCO TT & M E M P H I S R Y . —
A m ount
O u tsta n d in g
a n d (2) ca r tru st n otes Issued u n d er a greem en t o f 1902 (.St. L o u is U nion,
T ru s t C o ., tru ste e ), to ta l Issue, $ 2 ,0 0 0 ,0 0 0 ; an d (3) lo c o m o t iv e tru st notes,
o rig in a l Issue $ 1 ,0 0 0 ,0 0 0 , m ade In 1905.
O F F I C E R S .— P resid en t. A rth u r E .S tllw e ll, N .Y .; V ice -P re sid e n ts: E d w ard
D ick in so n (G e n . M a n .), K an sas C ity , M o .; J . T . O d ell, N . Y . ; E n riqu e C.
C reel, C h ihu ahua, M e x .: J o h n F . W a lla ce , N . Y .; J . S . B r a ith w a ltc, L o n
d o n , E n g .; S e c. a n d A u d ., N eal S . D o ra n , an d T r e e s ., E . E . H o lm e s , K a n
sas C ity , M o .; A sst. S e c ., J . C rosland T a y lo r , L o n d o n .
_ t
D i r e c t o r s . — Pres. S tllw ell and V ice -P re s id e n ts
D ick in so n , O dell and
W a lla ce - A . N . B eld ln g, R o c k v ille . C o n n .; P . W . G o e b e l. K ansas C ity ,
K a n .; D . W . M u lva n c, T o p e k a , K a n .; A. M o n ro e , L a w re n ce , K a n .; John
F . A ld e n , R o c h e s te r , N . Y . ; Chas. R . H u n tle y , B u lfa lo , N . Y .; H . S . M an
n in g, W . D . B a ld w in , New Y o r k ; T h o s . M . E van3, M c K e e s p o r t P a .,
F erd in an d W . R o e b lln g , T r e n to n , N . ,T.; W in . H . M cC ord, H . D . L s ta b r o o k ,
N . Y .; Chas. F . A y e r, B o s to n ; H . A. B ish o p , B r id g e p o r t, C o n n .; E . D . S tairs.
D e tr o it; In g . Is o d o r o D iaz L o m b a r d o , S r. L ie M anuel C a lero. C ol. S . G arcl;
C u ellar, M e x ico C i t y G eo. H . R o s s , C h ica go; P h ilip H . M cM illa n, D e tr o it.
G en. o ffic e , K a n . C ity , M o. N . Y . o ffic e . Singer B ld g .— (V . 91, p . 102.).)
K A N S A S C I T Y O U T E R B E L T & E L E C T R IC R R .— I n c o r p o r a te d J u ly 18
1902 in K ansas to c o n s tr u c t a belt line c o n n e c tin g the lines o f th e K a n . C ity
M e x . & O r. R y . w est o f K ansas C ity , K a n ., w ith all the o th e r lines en terin g
K an sas C ity , K a n ., and K an sas C ity , M o ., m ain line (d o u b le track) being
a b o u t 8 m iles In len gth .
G au ge, sta n d a r d . T h e K . C. M . & O R y . w ill
lease th e p r o p e r ty o n co m p le tio n a t rental o f $50 ,0 0 0 per an n u m for th e
first 10 yea rs. Increasin g $ 10 ,000 fo r each 10-ycar p eriod until the m axi
m u m o f $ 1 0 0,00 0 is r e a ch e d . T h e ro a d w ill be o p e ra te d b y its o w n o rg a n
iz a tio n . V . 7 5 , p . 184; V . 7 6 , p . 331; V . 8 0 . p. 871.
S T O C K A N D B O N D S .— S to c k a u th . an d Issued, $ 2 ,5 0 0 ,0 0 0 c o m . and.
$ 2 ,5 0 0 ,0 0 0 4 % n o n -c u m . p r e f.; par $100. S to c k will be held in votin gtru st until full d iv id e n d shall h a v e been p aid on th e p re f. s to c k fo r 5 c o n
s e cu tiv e years. B o n d s , a u th . Issue, $ 3 ,0 0 0 ,0 0 0 (see ta b le a b o v e ); ou ts ta n d
in g , $ 2 ,0 0 0 ,0 0 0 .
U . S . & M e x . T r u s t C o ., K an sas C ity , M o ..tru s te e
O F F I C E R S .— P re s., A . E . S tllw e ll, N Y . ; V lce -P re s . an d Alan. E
D ick in s o n ; S ec and T r e a s ., E . E . H o lm e s; C h ief E n gin eer, W . W . C olp ltts
K an sas C ity , M o. O ffic e . K an sas C ity , K a n .— (V . 80, p . 87 1 , 239 0.)
K A N S A S C I T Y S O U T H E R N R Y ,— (See M a p . ) — O p e ra te s a line e x t e n d
ing fro m K ansas C ity , M o ., t o P o rt A rth u r, T e x ., th en ce b y Its ship ca n a l.
7 m iles, t o d e e p w a te r on th e G u lf o f M e x ico , w ith branches an d e x ten siv e
term inals used b y va rio u s road s e n terin g K ansas C ity .
L in es O w n ed —
M ile s .]
L in e s O w n ed .
M ile s .
K ansas C ity . M o ., t o B elt Ju n e. 1 2 1B ran ch es to F o r t S m ith , D e
G ra n d V ie w , M o ., t o P o r t A r th u r ,
Q u in c y , L a ., e t c . - . . . . . . - - - - 51
T e x __________________________ ___ 7 6 5 1T r a c k a g e — T o G ra n d V ie w , M o . . 11
T o ta l . . . . . . . . . . . . ______- ___________- ____. . . . . . . ----- -------------839
A ls o ow n s c it l r e $65 0,00 0 each o f s to c k a n d b o n d s o f A rk a n sas W estern
R y ., W a ld ro n to H e a v e n e r, A r k ., 32 m iles, o p e r a te d se p a r a te ly : also c o n
trols K . C. S h reve. & G u lf T e rm in a l C o .
V . 8 3 , p . 3 8 , 492.
O R G A N I Z A T I O N .— A re o rga n iza tio n o f K an C .P itts . & G u lf R R ., fore
c lo s e d In 1900 per plan V . 69, p . 1012. 1062. V . 7 3 . p . 1356: V . 7 4 . p .9 4 .
T h e v o tin g trust h a v in g e x p ire d A p ril 1 1905, a new m a n a ge m e n t was
ele cte d In M ay 190 5. V . 80. p. 1971; V . 8 1 . p . 559; V . 8 4 , p . 1366. In.
1909 c o n tr a c ts w ere m a d e fo r Interch an ge o f fre ig h t w ith th e H arrlm an lines.
V . 88, p. 375 . C o m m o n s t o c k , $ 3 0 ,0 0 0 ,0 0 0 ; p a r, $100.
S E C U R I T I E S .— T h e s to ck h o ld e rs o n Ju n o 28 1909 a u th o riz e d an Issue
o f $ 2 1 ,0 0 0 ,0 0 0 "r e fu n d in g a n d Im p r o v e m e n t” b o n d s d a te d J u ly 1 1909,
bearin g n o t o v e r 5 % Interest, o f w h ich $ 1 0 ,0 0 0 ,0 0 0 u n d e rw ritte n b y a s y n
d ica te , h a ve been sold to p r o v id e fo r th e $ 5 ,1 0 0 ,0 0 0 5 % n o te s called fo r
p a y m e n t o n J u ly 1 1909 an d va rio u s lm p ts ., an d the rem a in d er Is reserved'
fo r fu tu re use.
V 88, p . 1128, 1253, 1437; V. 89, p. 104; V . 90, p. 167.
D I V I D E N D S .— F irst d lv . o n p r e f. s t o c k , 4 % , p aid J u ly 1 1907 o u t of
earns, fo r 1906-07; O c t ., 1 % ; 1908 to 1910, 4 % ( Q .-J .) .
L A T E S T E A R N I N G S .— ( 1 9 1 0 .............G ross, $ 1 ,5 0 0 ,7 4 7 ; n e t, $ 6 2 0,12 8
2 lllV/o
m o s .,
ly 1 to
AXu g . 3 1
0 0 9 _______G
; n e t,
446 ,685 .
•f J
Ou
Ulj
tU X
A*.1( 1XOV/V----- v*ross,
xww/ f 1 ,4
w 2 2 ,6 0 8
ni'O
R E P O R T fo r 1909-10 at le n gth w as In V . 91, p . 940, 963
1909-10.
1908-09.
1907-08.
T o ta l gross re c e ip ts .....................................
5 W 5 7 ,918
O n era tln e cx n cn so s
- __
G,2 08,58.)
o,3o0,0 t)0
*>,760,259'
N ?t e a n d n g s
.......................I I
3 3 2 6 .0 6 7
3 ,4 2 1 ,9 0 0
2 ,007,650
3 ,4 2 0 ,5 2 0
3 ,5 1 9 ,7 2 2
3 ,132,268
T o ta l net in c o m e .................... I I I . : _____
Taxes
-----------I I I I ...................
343 ,773
322 ,2 7 9
283,138
In terest o n b o n d s, & c --------------------------^’ 2 o o ’ i2 2
1 .225,053
M is c e lla n e o u s _____________________ - —
318 ,864
99,187
10,805
D iv id e n d o n preferred s t o c k ( 4 % ) —
8 4 0 ,0 0 0
8 4 0 ,0 0 0
840 ,0 0 0
B a la n ce , su rp lu s____________________
$65 1,42 1
$ 1 ,0 3 6 ,6 5 5
$77 3,27 2'
D I R E C T O R S .— C h airm an , L . F . L oree; P r e s ., J . A E d s o n . H e rm a n n
Slelck en , J . A . B lair. W . T . R o s e n . D . G . B olssevaln , A n drew J . M iller,
VV G S tre e t, W . H . W illia m s a n d E . R . B a co n o f N ew Y o r k ; Joh n J.
M itchell o f C h icago: S . W . F o r d y c o an d A d o lp h u s B u sch o f S t . L ou is;
G M C raig. P o rt A r th u r . T e x .; W . F . I la r r lt y , P h lla ., P a .; S e c r e ta r y Is
G . C. H a n d . O ffic e , 25 B road S t ., N . Y .— (V . 90, p . 167! V . 91, p . 940 . 963.
K A N S A S C IT Y T E R M I N A L R Y .— T o ow n a u n ion p assenger d e p o t
San F ra n cisco , U nion P a cific, W a b a s h , C h icago B u rl. & Q u in cy , M o . l ’ a c.
M issouri K a n . & T e x a s , K ansas C ity S ou th ern an d C h ic. ( it . W e ste rn , w hich
w ill p a y e q u a lly a n y excess o f fixed ch arges.
V . 89, p 1671.
begun a b o u t M ch. 1 1910.
I n c o r p . J u ly 11 1006. S to c k a u t h ., $ 5 0 , 0 0 0 ,
000 ; o u ts ta n d in g , $ 1 ,2 0 0 ,0 0 0 .
O n M ch. 1 1910 a cq u ire d K ansas C ity Belt
R y . b y d e e d ; also pu rch ased s to c k o f the present U n ion D e p o t C o ., t o rcost
a b o u t $ 3 0 ,0 0 0 ,0 0 0 , a n d to be c o m p le te d b y 1913.
V . 89, p . 666, 163; V.iCh)
P'O f the *lst 4 Ms ($ 5 0 , 000,000 a u th . Issue), $ 15 , 0 0 0 , 0 0 0 , Inclu din g $1 2 .
500 ,000 s o ld , are Issuable a g ain st the presen t p r o p e r ty , $-,.> 00,000 are re
served t o retire th e K ansas C ity B elt b o n d s an d the rem ain in g $.32,500,000
are reserved fo r c o n s tr u c tio n , a d d itio n s an d Im p ro v e m e n ts.
I he b o n d s a rc
RAILWAY STOCKS AND BONDS.
Oar., 1910.1
R A IL R O A D C O M P A N IE S
[F o r a b b re v ia tio n s,'A c ., see notes on first paae]
K a n s a s C ity St J o s e p h & C ou n cil B lu ffs — See c iile a g o
K a n sa s C ity S h rev eo & G ulf le rm in a l— 1st M red 105
K a n sa s C ity T erm R y — 1st M red t e x t ____ IC x c* A r*
K C B elt 1st M ($ 534,000 guar K C F S A M ) - -B B .c
K a n s a s C ity V ia d u ct & T erm — 1st M g s f(te x t) S .c * A r
K a n s a s & C o lo r a d o P a cific — See M issouri P a cific R y
K en & 1 Br & R R — K en & I B 1st M g o ld a ssu m e d ___
F irst c o n s o lid a te d m o r tg a g e $ 2 ,500,000 g o ld _ _ S .c
N ew m ortg a g e $ 10 ,000 ,00 0 (see t e x t ) ____________ S
K eok u k & D es M oin es— P referred s to c k - _ _________
F irst m ortg a g e Interest g u aran teed C R I A P ____ c*
K eok u k & H am ilton B rid ge — F irst m o r tg a g e ________ c
K ew au n ee Green B a y & W e s te rn — F irst m o r tg a g e . F .c
K in g s to n & P em b rok e— F irst m o rtg a g e g o ld __________
K lon d ik e Alines— F irst m o r tg a g e $30 ,000 per m ile ____
K n o x v ille & O h io— See S o u th e rn R y
L a clede D allas & W e s t — 1st M red 105 a ft A pr 1 9 2 0 -.
L ake Erie & D etroit R iver— See P ere M a rqu ette R R .
Lake Erie & W e s te rn — C o m m o n s to c k $20,000 p m . .
P referred s to c k 6 % (n o t cu m ) ($ 2 0 ,0 0 0 per m ile) —
F irst m ortg a ge ($ 10,000 per m ile) g o ld -------------C e,c+
S econ d m tge fo r $ 3 ,6 2 5 ,0 0 0 ($ 5 ,0 0 0 p m ) g o l d - .C e .c
Lake Shore & Alichigan S ou th ern — S t o c k --------------------G uaran teed 10 % s to c k (M ich ig a n S o u th & N o r In d)
First m ortg a g e $ 5 0 ,0 0 0 ,0 0 0 g o l d . . -----------U s .c * A r
B on d s (n o t m ortg a ge) $ 5 0 ,0 0 0 ,0 0 0 g o l d -------G .c * A r
do
do
$5 0 ,0 0 0 ,0 0 0 g o l d ________ Gx
K a la m a zo o A W h ite P ig e o n first m tg e a s s u m .U n .c
G uaranteed S ecu rities—
B a ttle Cr A S tu r 1st M g o ld gu a r p A 1 (see M Cent)
Sturgis G osh en & S t L ou is 1st M g o ld p A 1 g u a r ------K a la m a zo o A lleg a n & Gr R a p id s s t o c k rental guar
F irst m ortg a g e g u a r a n te e d ------------------------------ U nc
E rie & K a la m a zoo (leased ) s t o c k T o le d o to P a lm y ra
J a m e s to w n F ran k lin & C learfield stk rental g u a r . .
1st M $ 2 5 ,0 0 0 ,0 0 0 a u th g u a r . _____ (i.x c * A r *
Lake Shore S y stem — A lah on in g C oal R R — S t o c k --------P referred s to c k (see t e x t ) --------------------------------------------F irst M Y o u n g s to A n d A c gu a r p A l ( e n d ) -------U n .c
Lake Sup & Ish p cm R y — 1st M $ 1 ,200,000 g s f . - F . c
z New Y o r k C en tral h olds $45 ,2 8 9 ,2 0 0 o f this.
M ile s
R oad
D a te
B onds
Burll n g to n
1897
1910
10 1886
1905
—
162
162
37
113
31 VS
711
711
711
711
___
___
1,000
___
37
41
29
58
58
26
A Q uin e y .
$500
$150.000
1,000 &c 12,5 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
1,000
3 ,302,000
1,000
4
4 g
6
4VS
F
J
J
J
A
&
A
&
A
J
.1
J
1927
1960
1916
1034
K ansas C it y , M o
N . Y . B o sto n A C h ica g o
O ffic e 50 S ta te S t . B oat
See te x t
5 g
4 g
M
A
A
A
S M arch 1911
O A p r 1 1950
L o u isville
S ta n d a rd T r u s t C o . N Y
1 ,000,000
1 ,069,000
1878
1869
1891
1882
1905
100
100 A c
1,000
1,000
1,000
£ 6 ,0 0 0
1,524,600 See te x t
5
2 ,750,000
1,000,000
8
408 ,000
5
572,000
3 g
£ 1 9 2 ,0 0 0
6
1910
V 90, p l2 3 9
____
1887
1891
____
____
1897
1903
1006
1890
100 1 1 ,840,000
100 11,840,000 See te x t
1,000
7 ,250,000
5 g
1,000
3,625,000
5 g
100 z49.466,500 1 8 Inl9IO
100
533,500 I 8 ln l9 1 0
1,000 A c 50,0 0 0 ,0 0 0
3 VS g
1,000 A c 50,0 0 0 ,0 0 0
4 g
1,000 A c 50 000,0i 0
4 g
1,000
400 ,000
5
1888
1884
1896
1,000
1 ,000
100
1,000
50
100
1,000 A c
50
50
1,000
1,000
r ed eem a b le as a w h o le on J a n . 1 1030 o r a n y Interest d a te th e re a fte r a t 105
an d Int.
V . 90, p . 627; V . 90, p . 589.
P re s., VV. S . K ln n e a r ; S e c ., C. C.
R ip le y ; T r e a s ., E . F . S w ln n e y .— (V . 90, p . 698; V . 91, p . 518, 589, 10?5.)
K AN SA S C ITY V I A D U C T & T E R M I N A L R Y . — C o m p a n y o w n s an d
op era tes an e le v a te d railw ay a n d h ig h w a y v ia d u c t fro m B lu ff an d 6th S t s .,
K a n sas C ity , M o ., t o M in n esota A v e . an d 4th S t ., K a n sas C it y , K a n .
A
bra n ch v ia d u c t, VS m ile In le n g th , c o n n e c ts the m ain s tr u c tu re , an d thereby,
th e tw o cities, w ith the In terlyln g ra ilro a d a n d m a n u fa ctu rin g d istricts.
M ain s tru ctu re co m p le te d F e b . 1907, 1.6 m iles, m in im u m w id th o f 60 fe e t;
m a teria l, steel an d c o n c r e te . See V . 8 2 , p . 160; V . 8 4 , p . 271 , 931.
S T O C K .— S to c k a u th o r iz e d , $ 3 ,5 0 0 ,0 0 0 ; o u ts ta n d in g , $ 3 ,4 4 7 ,7 0 0 (p a r o f
shares $ 1 0 0 ), of w h ich a m a jo r ity Is d e p o s ite d In a v o t in g tru st fo r 3 years
o r until d iv id e n d s o f 4 % h a v e been p a id fo r t w o co n s e c u tiv e y e a rs. V o tin g
tru stees, H a r v e y E . F isk , J o h n P . R e y n o ld s , F ran cis S. E a to n .
B O N D S .— 1st M . 4> S % b o n d s a u t h ., $ 3 ,5 0 0 ,0 0 0 : o u ts ta n d in g , $ 3 ,3 0 2 ,
0 0 0 . J u ly 1909 t o J a n . 1911 c o u p o n s fu n d e d , net Incom e t o be paid b o n d
h old ers to liq u id a te sa m e.
V . 90, p. 1101.
L E A R N I N G S . — F o r y ea r e n d in g Ju n e 30 1909, gross, $7 5 ,4 5 4 ; net, $ 56 ,936 ;
b o n d ln t ., $ 1 4 9 ,0 4 0 ; ta x e s , $ 9 ,3 7 4 ; su n d ry a c c t s ., $706; s in k , f d ., $ 4 ,5 2 7 ;
b a l., d e f ., $ 1 0 6 ,7 1 2 .
S*NPres., J . VV. R ein h a rt; T r e a s ., I I . S . C orw in ; S e c ., H o w a r d R o s s .—
( V . 8 5 , p . 1101.)
K E N T U C K Y & I N D I A N A B RI D G E & RR CO.— O w ns steel c a n tile v e r
b rid g e o v e r th e O h io R iv e r a t L o u isv ille and 5 m iles o f railroad be tw e e n
L o u is v ille , K y ., a n d N ew A lb a n y , I n d ., an d 5 m iles o f b elt line In L o u is
v ille; also ow n s L ou isv ille & N ew A lb a n y F erry C o . S o u th e rn R y . , B a lti
m ore & O h io a n d C h ic. I n d . & L o u ls v . ow n the $ 75 ,000 c a p ita l s t o c k , an d
u n d er n ew lease fo r 99 years fro m Ju n e 1 1910 p a y m o n th ly . In p r o p o r tio n
t o cars h a n d le d , a n y d eficit In o p e r a tio n s , rentals, ta xes and Interest.
Of
th e $ 2 ,5 0 0 ,0 0 0 first c o n s o l. 4s, $ 1 ,0 0 0 ,0 0 0 w ere reserved to retire 5s due
1911 a n d $ 5 0 0,00 0 fo r Im p ro v e m e n ts. V . 71, p . 492 .
In J u ly 1910 arran gem en ts w ere m ade t o b u ild a new d o u b le -tra ck K . & I.
b rid g e. A m tg e . has been m ade to th e S tan d ard T ru s t C o ., N . Y . , tru stee,
to secu re $ 1 0 ,0 0 0 ,0 0 0 b o n d s, o f w h ich a b o u t $ 2 ,0 0 0 ,0 0 0 to be Issued at
p resen t, th e present sin g le -tra ck brid ge to be used d u rin g tw o years o f c o n
s tr u c tio n .
V . 91, p . 589, 214, 38; V . 90, p . 1676.
E A R N I N G S .— F or yea r e n d in g Ju n e 30 1908, g ro s s , $ 2 3 9 ,0 0 8 : d e ficit
u n d er ln t. ch arges, A c ., $ 2 3 6 ,1 3 5 .
P r e s ., A le x . P . H u m p h re y ; S e c . a n d
T r e a s ., H . W . H a z lltt; G en. M a n ., VV. M . M itch e ll.— (V . 9 1 , p .5 8 9 .)
K E O K U K & DES MOIN ES R Y . — O w ns fro m K e o k u k , l a ., t o D es
M oin es, l a ., 162 m iles.
L ea sed fo r 45 years fro m O cto b e r 1 1878 t o the
C h ica g o R o c k Isla n d & P a cific R y .
T h e lessee p a y s 2 5 % o f th e gross
earn in gs b u t g u aran tees th e In terest fn o t the p rin cip a l) on the b o n d s .
S to c k Is $ 1 ,5 2 4 ,6 0 0 p refe rre d a n d $ 2 ,6 0 0 ,4 0 0 c o m m o n (p a r, $ 1 0 0 ), a
m a jo r ity o f w h ich Is held b y th e lessee.
P ref. e n title d to d lv s . up to 8 % If
earned an d t o share w ith c o m m o n s to c k In a n y e xcess o v e r 8 % .
D I V I D E N D S .— 1’ 90. ’ 0 0 . ’ 0 1 . ’ 0 2 . '0 3 . ’ 04. ’ 0 5 -’ 07. ’ 0 8 . 1909.
1910.
O n preferred, %
H
VS
1
1
2 1)4 None, IV* M ay. 1 Ap,2VS
R e n ta l: In 190 8-0 9. $15 4 ,3 3 2 ; In 1907-08, $ 14 1,01 1; In 190 6-0 7, $ 13 8,
965; In 190 5-0 6, $ 1 3 7,50 0 (b o n d In te re s t).— (V . 88, p . 944; V . 90, p. 698 .)
K E O K U K & H AM IL T ON B RI D GE CO.— O w ns b rid g e acro ss M ississippi
R iv e r a t K e o k u k , l a . , fo r ra ilroad s an d fo o tp a sse n g e rs. T h e presen t ten
a n ts are th e T o le d o P eoria & W e ste rn a n d the W a b a s h .
R e g a rd in g gu a r
a n t y , see V . 59, p . 969 . V . 7 2 , p« 821 . S t o c k , $ 1 ,0 0 0 ,0 0 0 ; p a r, $100.
C ou p on s are In d e fa u lt, b u t m o rtg a g e has n ever been fo re c lo s e d , a n d o v e r
d u e Interest Is p aid as earn in gs p e r m it. L a st c o u p o n p a id ,2n d half o f N o . 49
(d u e O ct. 1893) in S e p t. 1910.
E A R N I N G S — Y ear e n d in g Ju n e 30 1910, gross, $4 6 ,4 5 6 ; n e t, $2 9 ,1 4 2 ;
oth er In com e, $12 ,697 ; Interest, $ 4 0 ,0 0 0 .
In 1908-09, g r o s s , $ 55 ,547 ; net,
$ 3 9 ,5 6 9 .
P res ., A n drew C arnegie: T r e a s ., T h e o d o r e G ilm an . 55 W illia m
S t .. N ew Y o r k .— (V 7 2 , p . 821 .)
K L O N D I K E MI NES R Y . — D a w son C ity to S u lph u r S p rin gs, 31V* m iles,
co m p le te d Ja n . 1907; p r o je c t e d fro m Sulphu r S prin gs to th e S tew a rt R iv e r ,
60 m iles.
S tock a u th o r iz e d , $ 2 ,5 0 0 ,0 0 0 ; o u ts ta n d in g , $ 9 4 3 ,0 0 0 . T h e D a w
son G rand F ork s & S tew a rt R iv e r R y . C o r p ., L t d ., ow ns all th e s to c k a n d
b on d s.
V . 8 2 , p . 500 .
B o n d s, see ta b le a b o v e . V . 8 1 , p . 725; V . 86, p.
8 5 7 . P r e s ., II. B. M cG Iverln; 19 E lgin S t ., O tta w a , C a n .— (V . 86, p . 857 .)
KINGSTON & PE M BR O KE R Y . — See p a g e 165.
L A K E ERI E & W ES TE RN RR .— R O A D .— O w ns S a n d u s k y . O ., to
P eoria , 111., 413 m iles: b ra n ch to M in ster, 10 m iles; b r a n c h , In d ia n a p o lis to
M ich igan C ity , 159 m iles; F o rt W a y n e t o C on n ersvlllc a n d bran ch to R u sh v llle , 129 m iles; to ta l o w n e d , 711 m iles; leases N o rth e rn O h io R R ., A k ro n
t o D elp h os. 162 m iles; tra ck a g e , 13 m iles; to ta l-o p e r a te d . 886 m iles.
H I S T O R Y , A c .— F o r m e d In 1887 a fte r fo re clo s u re o f th e L a ke E rie &
W estern R a ilw a y.
(See V . 50, p . 590; V . 8 5 . p . 600 .)
In 1899 co n tr o l
p assed t o th e V a n d e r b ilts , a n d o n Ja n . 1 1910 th e L a k e S h ore A M ichigan
S o u th , o w n e d $ 5 ,9 4 0 ,0 0 0 c o m . a n d $ 5 ,9 3 0 ,0 0 0 p re f. s t o c k .
V . 7 1 , p . 1269.
D I V S .—
1 ’ 9 2 -’ 9 8 . ’9 9 . ’ 0 0 . ’ 0 1 -’ 03. '0 4 . ’ 0 5 . ’ 0 6 . '0 7 . ’0 8 . ’ 0 9 . ’ 10
O n p r e f e r r e d ./
5 y ’ ly . 0
2 4 y ’ ly .
3
3
3
3
1
0
0
B O N D S .— A b s tr a c t o f first m o rtg a g e In V . 4 6 . p . 45: o f se c o n d m o rtg a g e
In V . 54. p . 444 .
G u arantees $ 2 , 500,000 5s N o rth e rn O h io , w h ich see
E A R N I N G S .— 8 m o s ., ( 1910...................... G ross, $ 3 ,5 4 5 ,6 9 2 ; n e t. $786,258
J a n . 1 t o A u g 31.
1 1 9 0 9 - .................... G ross. 3 .0 5 5 ,4 5 ; n e t, 524,811
A N N U A L R E P O R T .— A n nual re p o r t fo r 1909 w as In V . 90, p . 692.
1909.
D ed u ction s
1908.
Y ea rs ending
190 9.
1908
(con tinued) —
$ •
D ec. 31—
$
$
$
O p er. r e v e n u e ..5 ,0 4 3 ,9 9 0 4 ,3 6 1 ,1 5 8 H ire, e q u lp m ’ t ,
135,095
re n ts, & c ____
71,208
O p er. In c o m e ___ 966,123
700 ,7 6 5
561,538
N et I n c o m e ____ 1,0 6 6 ,6 2 7
588 ,948 I n t .o n b d s ., ( t o 555 ,086
o t h e r I n t e r e s t.- 103,376
71,642
D ed u ct—
A d d ’n s& b e tt’ts .
56,965
R e n ta ls
leased
l i n e ...................... $ 1 2 5,00 0 $12 5,00 0
B a l. .su r.o r d e f_ s u r 9 1 ,105def2 40,4 40
— (V . 87, p . 1664; V . 88, p. 2 3 1 ,7 4 8 , 879; V . 90, p. 692; V . 91, p. 1025.)
LAKE SHORE & MICHIGAN SOUTHERN R Y. — (S ee M a p s N ew York
C en tra l. ) — O perates fro m B u ffa lo to C h icago w ith bra n ch e s. T h e m ain line
(537) m iles) Inclu des 26 m iles be tw e e n T o le d o a n d P a lm y r a , M ic h ., under
ease fro m th e E rie & K a la m a zo o ; 533 m iles has d o u b le tr a c k ).
Last D ivid en d
and M a tu r ity
R ate
%
250 A c
1,000
1889
1889
W hen
P a y a b le
A m oun t
O utstand ing
1881
1900
1909
71
71
71
20
Par
V a lu e
6
79,000
3 g
322,000
3 g
6 1 0 ,000
5.95
840,000
5
300,000
10
2 ,9 9 4 ,5 5 0
5
1 1 ,000,000
4 g
1,500,000 S ee te x t .
661 ,367
5
1,500,000
5
85,000
6 g
See te x t
A
A O
A A O
A D
J
A
J
J
J 30 & D
Aug
Jan
J u ly
Sept
1
1
1
1
A p r 1 1910 2 VS
O c t 1 1923
A p r 1 1899
Jun e 1 1921
Jan 1 1912
D ec 31 1924
A
&
O A p r 1 1940
J
J
J
J
F
J
M
M
J
A
A
A
&
A
A
&
A
A
J
J
J
J
A
D
S
N
J
Jan 15
Jan 1
July 1
J u ly 2 9
Aug l
Jun e 1
S ept 1
M ay 1
Jan 1
J
J
A
J
F
A
A
A
A
&
Q— J
A
&
A
A
A
D
D
O
J
A
D ec 1 1989
D ec 1 1980
O ct 1910
Ju ly 1 1938
A u g 1910
5%
O ct l ’ 10 1 M %
Ju n e l 1959
A u g 1 TO 10%
J u ly 1910 2 VS %
J u ly 1 1934
Jan 1 1926
J
F
J
J
J
D
A
J
J
J
Road owned directly.
M iles.
B u ffa lo , N . Y . , to C h ica g o , 111___ 537
S u n d ry b r a n c h e s __________________3 3 1
E n tire stock ow ned.
D e tr o it A C h ic a g o ________________ 25
D e tro it M on roe & T o le d o __________ 51
K a la m a zo o & W h ite P ig e o n _______ 37
N orth ern C entral M ich ig a n _________61
Sturgis G A S t L o u i s ______________ 29
E lk h a rt A W e s te rn _______________ 12
P la ces W here Interest and
D ivid en d s are P a y a b le
O ffic e , 115 B ’ w a y , N Y
do
do
55 W illia m S t. A s earned
O ffic e , 40 W atl S t. N Y
45 B r o a d w a y , N ew Y o r k
Bk B rit N o A m , L o n d o n
1908 1% O ffic e . G r C en t S t a , N Y
1937
Jhase N a tio n a l B k . N Y
1941
do
do
’ 0 6%
G ra n d C en t S ta tio n , N Y
’ 10, 6 ,
1997
1928
1931
do
do
1940
L in co ln N a t B a n k ,
G rand C en t S t a tio n ,
do
do
G rand C en t S ta tio n ,
U n io n T r u s t C o , N Y
do
do
F arm ers L A T r C o ,
N Y
N Y
N Y
N Y
Leased (*see this C o .)
M ile s ,
K a la m a zo o A & G. R _______
58
J a m e sto w n Franklin & C learf’d * 124
M ahoning Coal R R ___________
70
Erie A K a la m a zo o (26 m il e s ) - - T e x t .
D e tro it H illsdale A S VV.............
*65
F ort W a y n e A J a c k s o n ______ *08
D e tro it T o le d o A M ilw au k ee____
67
B attle Creek A S tu r g is_______
7
T racka ge_______________________
88
G rand to ta l o p e r. J a n . 1 1910 (o f w h ich o w n e d , 1,087 m ile s )________ 1 ,6 6 5
B y c o n tr o l o f N . Y . C h ic. A S t. L o u is R R . has still a n o th e r line fro m
B u ffa lo t o C h ica g o . O perates D u n k irk A lle g h e n y V a lle y A P itts b u r g h ,
D u n k irk , N . Y . , t o T itu s v ille , P a ., 91 m iles.
V . 73, p . 663.
C on trols C h icago In d ia n a & S o u th e rn R R . . w h ich see.
O R G A N I Z A T I O N . A c .— A c o n s o lid a tio n o n A u g . 16 1869.
In 1898-99
$ 4 5 ,2 8 9 ,2 0 0 o f the c a p ita l s t o c k w as pu rch ased b y th e N . Y . 0 . A H . R .
R R ., w h ich g a v e In e x ch a n g e Its 3 tS % b o n d s at the rate o f $200 In b o n d s
fo r $100 In s t o c k .
V . 6 6 . p . 288; V . 69. p. 1237.
N ew Y o r k C h icago A S t. L ou is road has been c o n tr o lle d b y o w n e r sh ip o t
s to c k sin ce 1882, Lake S h ore now o w n in g $ 6 ,2 4 0 ,0 0 0 o f Its c o m m o n .
$ 6 ,2 7 5 ,0 0 0 o f Its se c o n d p referred and $ 2 ,5 0 3 ,0 0 0 o f Its first p referred s toolc.
T h e c o m p a n y also c o n tro ls and leases the M ahoning C oal R R . (see L a k o
Shore “ S y s te m ” b e lo w ) an d o w n s (besid es en tire s to c k o f p r o p r ie ta ry lines)
$ 7 ,5 0 0 ,1 5 0 P ittsb u rg h & L a ke Erie s to c k ; $ 3 0 ,2 0 7 ,7 0 0 o f the $ 5 0 ,0 0 0 ,0 0 0
C le ve . C ln. C h icago A S t. L o u is c o m m o n s to c k : also $ 5 ,9 4 0 ,0 0 0 o f the
$ 1 1 ,8 4 0 ,0 0 0 c o m m o n and $ 5 ,9 3 0 ,0 0 0 o f the $ 1 1 ,8 4 0 ,0 0 0 L a ke E rie A
W estern p re fe rre d . V . 71 p . 1269- V. 72, p. 870- V 82, p . 749 .)
In M ch . 1910 a cq u ire d n early all th e s to c k o f th e T o le d o & O h io C en tral
(441 m iles) w h ich had been held In the Interest o f the H o ck in g V a lle y , a n d
ow ns all the b o n d s an d s to c k o f Z an esv ille A W estern (89 m iles) a n d , jo in t ly
w ith th e C h esapeake A O h io, c o n tro l o t the s to c k o f the K a n aw h a A M ich igan
(177 m ile s ).
V . 90, p . 771 , 849 , 977. 1045.
A lso o w n e d Ja n . 1 1910 o f the $ 6 0 ,6 6 5 ,0 0 0 R e a d in g C o. s to c k a c q u ir e d b y
the P e n n s y lv a n ia -V a n d e rb ilt Interests, v iz .: $ 6 ,0 6 5 ,0 0 0 first p r e f., $ 1 4 .
2 65 ,000 se c o n d preferred a n d $ 1 0 ,0 0 2 ,5 0 0 c o m m o n s t o c k , th e o th e r h a lf
be in g h eld b y th e B a ltim o re A O h io .
V . 80. p. 1856.
L ist o f s to c k s o f co m p a n ie s o w n e d D e c. 31 1909, V . 90, p . 70 8 . See also
V . 78. p . 4 8 . 1904; V . 8 0 , p . 1852: V . 82. p . 740 .
D IV S .
19 3 -’ 97. ’ 98. ’ 99 to 1903. '0 4 . ’ 05. ’0 6 . ’ 07. ’ 0 8 . ’ 09.
191 0.
S ince 1892, % / 6 y r ly 6 «
7 y e a r ly .
8
8
8 12
14
12
18
In 1910, Jan . and J u ly , 6 % ; M ch. 3 0 , 6 % e x t r a .
V . 9 0 , p . 627 .
B o n d s.— F o r $5 0 ,0 0 0 ,0 0 0 m tg e . o f 1897, see a b s tr a c t In V . 6 4 , p . 1182, a n d
V . 66. p . 1140; V . 68, p. 1182; V . 73, p. 1264; V. 75. p . 290 ; V . 7 7 . p . 2 03 5.
T h e $ 5 0 ,0 0 0 ,0 0 0 d e b e n tu re 4s o f 1903, d u e 1928, are t o be se cu re d b y a n y
new m tg e . V . 77, p. 1747. 2035; V . 78, p. 48; V. 80, p. 1912.
In F e b . 1906 $35 ,0 0 0 ,0 0 0 o f 2 5-year 4 % b o n d s d u e 1031 o f an a u th o r iz e d
Issue o f $ 5 0 ,0 0 0 ,0 0 0 w ere so ld fo r Im p ts., and In J a n . 1910 perm ission w a s
g ran ted to Issue th e re m a tn ln g $ 1 5 ,0 0 0 ,0 0 0 to retire t h e $ 1 5 ,0 0 0 ,0 0 0 5 % n otes
d u e F e b . 1 1910 and to g u a ra n te e $ 1 1 ,0 0 0 ,0 0 0 J a m e sto w n Fran klin A Clear
field 4 % b o n d s re ce iv e d fo r a d v a n c e s fo r c o n s tr u c tio n and Im p r o v e m e n ts .
See th a t c o . V . 8 2 . p . 392: V . 84, p . 096; V . 90, p. 167, 627, 771.
In A pril 1910 so la In P aris $ 8 ,5 0 0 ,0 0 0 o f 4 % n otes ru n n in g less th a n a
ye a r t o finance re ce n t p u rch ase o f T o le d o A O h io Cen tral an d an Interest
In K an aw h a A M ich igan .
V . 90, p . 1045.
J o in tly w ith fo u r o th e r ro a d s c o v e n a n ts to p a y $ 3 0 ,0 0 0 ,0 0 0 N . Y . C en tral
L in es ca r tru sts o f 1907 an d 1910, the c o m p a n y ’s share o f e q u ip m e n t leased
bein g $ 6 ,708,393 a n d $ 1 1 ,7 0 0 ,0 0 0 r e s p e c tiv e ly .
V . 8 5 , p. 1402; V . 8 6 , p .
168, 80 1 , 803; V . 8 8 , p. 761 ; V . 90. p . 1677.
G U A R A N T I E S .— A d d itio n a l gu aran ties n o t sh o w n a b o v e , see C h ica g o
In d ia n a A S o u th e rn , D e tr o it H illsd ale & S. VV. an d F t. W a y n e A J a ck s o n .
G E N E R A L F I N A N C E S .— N o th in g w as ch a rg e d to c o n s tr u c tio n o r e q u ip ,
a c c o u n t fro m 1883 u n til 1907, e x c e p t $ 7 ,5 0 0 ,0 0 0 fo r new e q u ip . In 1906, the
o u tla y s ch a rged t o o p e ra tin g e x p e n s e s fo r new e q u ip , a c c t . a m o u n tin g In
1909 t o $ 1 ,2 6 3 ,1 8 6 a n d In 1907 to $ 0 1 1 ,1 2 6 , an d fo r co n s tr u c tio n to $ 1 ,4 3 3 .
567 In 1909, a gain st $ 1 ,2 8 2 ,2 7 7 In 1908, these Item s b ein g e x c lu s iv e o f e x
p en d itu res fo r ren ew als. P ro fit a n d loss sur. Ja n . 1 1910, $ 2 7 ,1 6 0 ,0 3 8 .
On M ch . 30 1910 a 6 % e x tr a d iv id e n d w as p a id .
V . 9 0 , p . 627.
E A R N I N G S .— 8 m o s ., 11910............ G ross, $ 3 2 ,4 1 3 ,2 5 4 ; n e t, $9,7 7 3 ,7 5 3
Ja n . 1 t o A u g 3 1 .
1 19 0 9 ............ G ross,
2 8 ,4 6 2 ,0 8 4 ; n e t, 10.554,702
F o r 3 m o n th s e n d in g M arch 31 1910, n e t, $ 3 ,9 2 6 ,6 3 3 , again st $ 3 ,4 0 1 ,1 4 8
In 1909; o th e r In com e, $ 4 ,0 5 2 ,9 8 0 ; ch arges. $ 2 ,6 1 3 ,6 8 0 ; b a l., s u r ., $ 5 ,3 6 5 ,
933.
A N N U A L R E P O R T fo r 1909 a t le n gth w as In V . 9 0 , p . 691 , 707.
Y ea r ending D ec . 31—
1909.
1908.
I n c . or D ec.
M iles o p e r a t e d _________________________
V ? ? 3,,,,,,
. o r . 1, :? 11
% 152
R a ilro a d r e v e n u e _____________________ $ 4 5 ,1 1 0 ,9 9 7 $3 9 ,0 6 6 ,9 4 2 + $ 6 ,0 4 4 ,0 5 5
O p era tin g Incom e (after t a x e s ______ 1 5 ,549,524
1 2 ,4 1 8 ,9 8 0
+ 3 ,1 3 0 ,5 4 4
O th er In c o m e ........ ......................................
6 ,4 8 6 ,8 8 7
5,0 9 7 ,0 8 1 — 1,3 8 9 ,8 0 6
G ross c o r p . In c o m e ____________________ $ 2 2 ,036 ,41 1 $ 17 ,516 ,06 1 + $ 4 ,5 2 0 ,3 5 0
R en ta ls o f leased lin e s................
$ 1 ,858,691
$1,1 0 0 ,3 8 2
+ $ 7 5 8 ,3 0 0
In te re st on b o n d s , A c _______________
5,9 9 5 ,1 8 2
6 ,0 9 9 ,4 1 6
— 104,234
H ire e q u ip m e n t, In clu din g In te r e s t.
581,952
8 9 0 ,4 2 5
— 3 0 8 ,4 7 3
O th er rents an d m isce lla n e o u s_____
6 19 ,017
2 5 2 ,0 4 9
+ 3 6 6 ,9 6 8
D iv id e n d s on gu aran teed s t o c k ------64,0 2 0
6 4 ,020
----------A d d itio n s an d b e tte r m e n ts _________
_________
1 ,4 3 3 ,5 6 8 — 1,4 3 3 ,5 6 8
A d d itio n a l e q u i p m e n t ________________
1 ,263,186
+ 1 ,2 6 3 ,1 8 6
D iv id e n d s on c o m m o n s t o c k , 1 2 % .
5 ,9 3 5 ,9 8 0
5 ,9 3 5 ,9 8 0
--------B a la n ce , s u r p lu s ___________________ $5,718,382 $ 1 ,7 4 0 ,2 2 0 + $ 3 ,9 7 8 ,1 6 2
— (V . 9 0 , p . 167, 236 . 303 , 627, 691 . 707 , 771 , 849 , 1045.)
LAKE SHORE SYSTEM — A1AHONING COAL RR.— 1O wns fro m
Y o u n g s to w n to A n d o v e r . O ., an d bra n ch e s, 71 m iles.
In D eo. 1007 p u r
chased a o n e -h a lf Interest In th e L ake Erie Y o u n g s to w n « S ou th ern an d
Lake Erie A E astern railroad s, b u ild in g a b e lt an d s w itc h in g line fro m
G irard t o Stru th ers, re a ch in g fa cto rie s In Y o u n g s to w n , O ., an d v ic in it y .
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
L ake T a h oe R v & Tr C o— 1st M g $50 0,00 0 s f b e g 1905
L a n caster O x ford & Southern— 1st M $20 0,00 0 g o l d - L a n sin g M a n u factu rers— 1st M serial Interest r e n t a l ..
L aram le H a lm ’ s P & P a c— 1st M $8,000 per m g .A B .c *
F irst ref M $ 1 .8 0 0 ,0 0 0 gold sink fu n d red 1 1 5 ..Q .C *
G eneral m o rtg a g e $ 10 ,000 ,00 0 a u th o r iz e d .......... —
T w o -y e a r c o u p o n n otes, $25 0,00 0 g o ld , r e d _______ c*
F lv o -y e a r c o u p o n notes $ 4 5 0,00 0 a u th o r iz e d _______
F lv o -y e a r c o u p o n n otes $ 1 ,0 0 0 ,0 0 0 a u th o r iz e d ____
L e a ven w orth Term inal R y & B rid ge— 1st M g s f ._ C e
Leh igh & H u d son R iv er— 1st M g o ld Int red to 5 % - C e
S econ d m ortg age g o ld ________________________________
W a rw ick V alley first m o rtg a ge e x te n d e d In 1 9 0 0 ..
S econ d m o r tg a g e ____ ______ _______________________
L eh A H ud R iv gen M $ 3 ,0 0 0 ,0 0 0 g (see te x t) -C e .c
D eb en tu res $400,000 redeem 105 a fte r N o v 19 1 1 ___
E q u ip trust certs gold due $40 ,000 y e a r ly ____ P c P .c
L eh igh & N ew E n g la n d — 1st M $1,0 0 0 ,0 0 0 g o l d - .F P
N o rth a m p to n 1st M g $30 0,00 0 gu ar red 105 .F P .C *
L eh igh & D elaw are first gen m tge redeem able at 105
C on solid a ted m ortg age $ 3,000,000 gold call at 105 .
G eneral m tge $ 7 ,5 0 0 ,0 0 0 gold red 1 0 2 H - .G u P c
E q u ip tr ser A g gu red 102 H d u e $30 ,000 y r ly .G u P
L eh igh V a lley— C om m o n s to c k $ 8 0 ,0 0 0 .0 0 0 _______ G p
P referred s to c k 10% (V 79, p . 1 5 1 ,2 6 9 ) ________ G P
F irst m ortg a ge ex ten d ed In gold In 18 9 8 ___G P .c & r
C on solid ated M lc o u p o n A reg $4,7 6 2 ,0 0 0 4 t t fs .c A r l
$40 ,000 ,00 0 ; .a n n u ity $ 2 ,538,000 are 4 H s .- F P J
G eneral con sol m tge $ 1 5 0,00 0,0 00 g o ld ___ G P .c ’ A r
C ollateral trust bond s $ 1 9 ,000 ,00 0 see t e x t .G P .c * Ar
E q u ip m en t tru stsgold Series H , due $90 ,0 0 0 y e a rly
do
gold Ser I d u e $40 0,00 0 yrly (V 8 5 ,p 4 l2 )
do
g o ld , d u e $25 0,00 0 s-a Series J . . U sm .c*
B onds o f Controlled P ro p erties—
L eh igh & N Y 1st M gold gu ar p & I---------M p .c ’ A r
L eh Val o f N Y 1st M gold gu ar p A 1 (end) - G P .c * A r
L eh igh A Lake Erie first m tge $3,0 0 0 ,0 0 0 g o l d ___
L eh igh Val T erm 1st M g guar p A 1 e n d ___ C c . c 'A r
D ate
M ile s
R oad B on d s
16
28
5
40
3
42
63
15
22
63
All
20
27
A ll
All
. . .
io i
I
461 (
834
. . .
11
283
31
1901
1905
1905
1904
1907
1909
1908
1910
1910
1893
1881
1887
1879
1881
1800
1907
1906
1895
1902
1904
1903
1908
1908
1868
1873
1873
1903
1905
1905
1906
1907
1895
1890
1907
1891
Par
V a lu e
A m ount
O utstanding
$1,000
100 A c
1,000
1.000
1,000
$300 000
5 g
A
200 ,000
A
5 g
75,000
5 g
J
240 ,000
J
6 g
750 ,000
4
6 g
See t e x t
5
.1
250 ,000
J
6 g
See te x t
7
J
See t e x t
7
J
600,000
5 g
J
800 .000
J
5 g
164,000
5 g
J
145,000
4M
A
240 ,000
6
A
1 ,320,000
J
5 g
400,000
4
M
240,000
4 « g J
1 ,000,000
J
5 g
300.000
5 g
J
650,000
5
J
1,380.000
5 g
A
750,000
4 g
A
390,000
4M g .1
60,5 5 5 ,3 5 0 6 In 1910 J
106.300
10
J
5,0 0 0 .0 0 0
4 g
J
10,400.000 4 kj & 6 J
12.600,000 4 M A 6 J
26,6 3 9 .0 0 0
M
4 g
15,500.000
K
4 g
In treasury
V
4 g
In treasury
M
4 g
3.5 0.000
1H g M
500 A c
1.000
1.000
1,000
500 A c
500 A c
1,000
1,000
1.000
1.000
1,000
1,000
1.000
1,000
1,000
50
50
1,000
1,000
1,000
1,000 A c
1.000
1.000
1,000
1,000
1,000
1,000
1,000
Leased In p erp etu ity fo r 4 0 % o f gross earnings t o L a k e S h o re , w hich
Jan . 1 1910 ow n ed $865,900 co m m o n an d $30 9 ,5 0 0 preferred s t o c k .
D I V I D E N D S ./ ’ 91. ’ 92. ’ 93. ’ 9 4 . ’ 95 to A u g . ’0 6 . 07. ’0 8 . '0 9 . 1910.
On c o m m o n -------| 4 H 8 H 8
8
10 y e a rly
12
12
12 B e lo w
In 1910 o n c o m m o n . F e b ., 6 % an d 5 0 % e x tr a ; A u g ., 1 0 % .
T h e preferred s to c k certificates are 5 % g u aran teed a n d co n ta in a clause
m ak in g them redeem able a t par a t o p tio n o f c o m p a n y .
Y ea r e n d in g D ec. 31 1909. rental an d o th er In com e, $ 1 ,2 4 6 ,3 7 7 ; surplus
o v e r Interest and 6 2 % on c o m . an d 5 % on pref . $ 2 0 6 .7 0 3 .— (V . 90, p 236.)
L A K E SUPERIOR T E R M I N A L & TR ANS FER CO.— O w ns 16 m iles o f
track used for transferring ears b etw een th e d e p o ts an d track s at W est
S u p erior, W ls., of the p rop rie ta ry co m p a n ie s , v iz ., N orth ern P a cific, C h ic.
St. P aul M inn. A O m aha an d D u l. S o u th S hore A A tl., w h ich ow ns $119,400
s to c k ($ 1 ,2 0 0 ,0 0 0 a u t h .).
O n A p ril 1 1909 the $19 5,00 0 6 % b o n d s w ere
retired .
D . M. P h llb ln , P re s ., W e s t S u p e rio r, YVIs.— (V . 8 8 , p . 883 .)
LANCASTER O X F O R D & SOUTHERN R R — See page 165.
LA R A M I E H A H N ’ S P E A K & PACIFIC R Y . — O w ns fro m L a ra m ie, W y o .,
to F o x p a r k , W y o ., 55 m iles.
E x te n sio n u n d er co n s tr u c tio n In S e p t. 1910
from F o x p a r k to H eb ron , C o lo ., 54 m . A lso p ro p o se d fro m N orth Park to
S te a m b o a t S p rin gs, C olo. S to c k a u th ., $9,0 0 0 ,0 0 0 c o m m o n , all o u t
sta n d in g; p ref. 6 % n o n -c u in ., $ 1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g S e p t. 1910, $ 12 6,00 0;
p ar o f shares, $10.
(See V . 77, p . 824 .)
In 1909 a 5 0 -y ca r gen. m tg e . fo r $ 5 0 ,0 0 0 ,0 0 0 w as a u th . to re fu n d p rior
b on d s, e x te n d and d o u b le -tra ck th e road and fu rth er Im p rovem en ts and e x
tensions. T h ere are also a u th o rize d $45 0,00 0 5 -y e a r 7 % c o u p o n n otes d a te d
Jan . 1 1910, o f w h ich $25 0,00 0 reserved to refu n d 6 % n o te s d u e D e c. 15
1910, In plaoo o f refu n d in g b o n d s; also $ 1 ,0 0 0 ,0 0 0 5 -y ca r 7 % c o u p o n n otes,
d a ted Ju n e 15 1910, to a n ticip a te m o n e y s fro m sale o f general m tg e . b o n d s.
A s to th e refu n d in g 6s o f 1907, s e c V . 85, p . 1646; V . 88, p . 1061. P r e s .,
F r e d . A . M iller, L a ra m ie, W y o .— (V . 88, p . 1061.)
LE A V E N W O R T H TE R M I N A L R A I L W A Y & B R I D OE. — O w ned h ig h
w a y and railroad brid ge (op e n e d J a n .1 ’ 94) ,1 ,1 1 0 f t. lo n g , o v e r M issouri R iv e r
a t L e a v e n w o r th , K a n ., an d v a lu a b lo term in al p r o p e r ty In th a t c it y .
In
J u ly 1910 th e C h icago G reat W estern a cq u ire d th e en tire s to c k , bu t does
n o t gu a ra n tee o r assum e b o n d s.
V . 91, p . 214, 397.
K ansas C ity S t.
Joseph A C. II. (C h icago B. A Q .) and C h ic. R . I. A P . use th e brid g e at an
ann u al rental o f $16,000 e a ch , u n d er a 3 0 -y e a r c o n tr a c t fro m 1894.
F or
yea r 1907-08, gross, $ 46 ,224 ; n e t. $3 1 ,0 3 6 ; ln t., $3 0 ,0 0 0 ; b a l., s u r ., $ 1 ,0 3 6 .
S to c k , $ 6 0 0 ,0 0 0 .— (V . 89, p . 1597; V . 91, p. 214, 397 .)
LEHIGH & HUDSON RIV ER R Y . — O w ns fro m M a y b r o o k on C en tral
New E n gla n d R y . t o B elvldere, N . J ., on the P e n n . R R . . 75 m iles; tr a c k
a ge, S. E . A P . R R ., P h llllspbu rg t o E a ston , 1 m .; tra ck a g e , P en n . R R ..
B elvldere to P h llllpsbu rg. 13 m .; O n t. A W e s t., B u rn side to C a m p bell
H a ll, 2 m .; D . L . A W ., tra ck a ge , A n d o v e r J e t. t o P o rt M orris, N . J ., 8 m .;
total o p era ted , 99 m iles. V . 79, p . 269 . S to c k , $ 1 ,3 4 0 ,0 0 0 ; par. $100.
B O N D S .— O f the $1,3 2 0 ,0 0 0 gen . m tg e . b o n d s o u t , $ 1 ,0 6 2 ,0 0 0 are gu ar.
Jointly p. an d I. b y the Central R R . o f N . J . a n d L eh . Coal A N a v . C o.
An
a d d ition a l $1,3 5 0 ,0 0 0 are reserved to take up p rio r Hens an d $ 3 3 0,00 0 fo r
ex ten sion s o r a cqu isition s o f co n n e c tin g road s.
In M ay 1908 perm ission
was given to Issue $210,000 a d d itio n a l b o n d s, bu t none were Issued to
J u ly 1010. V . 86, p. 1285. See fo rm o f g u a ra n ty . A c .. In V . 67, p 7 8 8 also V . 85, p . 1513.
E q u lp t. trust 4 H s, V . 83, p. 06.
L o c o m o tiv e rentai
n otes Jun e 30 10 0, $97,363; loans and bills p a y a b le , $ 29 1,00 0.
E A R N I N G S .— 9 m o s . , / 19 0 9 -1 0 _____ G ross, $ 1 ,0 5 6 ,3 3 9 ; n e t, $38 1,69 6
J u ly 1 to M cli. 31.
(1 9 0 8 -0 9 _____ G ross,
9 05 ,626 ; n e t,
228^088
Surplus a fter charges, $ 1 5 1 ,0 6 7 , again st $214 In 1908-09.
A N N U A L R E P O R T — F o r years e n d in g Jun e 30, V . 87, p . 1415.
Y ea r ending J u n e 30—
G ross.
N et.
ln t .. T a x es, &C. B a l..stir
1 9 0 9 -1 0 ..................................-$ 1 ,4 4 0 ,0 3 4
$55 0,63 2
$30 5,46 0
$245,172
190 8-0 9.......... .......................... 1 ,251,316
382 ,660
302 ,2 6 0
8 0 ,400
L ew is A. R ile y , P res., P h ila d e lp h ia , P a .— (V . 8 8 , p. 375.)
LEHIGH & N EW E N G LA ND RR — O perates ro a d from S la tln g to n , P a .,
t o C am p bell H all, N . Y ., 95 m .; B eth leh em to Ben ders J e t ., P a ., 19 m .;
B ath to M artin’s C reek, P a ., 20 m ,; bran ch es, 30 m .; to ta l, 170 m ., o f w h ich
tw o section s, agg reg a tin g 35 m ., a r c tra ck a g e and 9 m . leased, le a vin g 126
m . ow n ed.
V. 79. p. 2642. L eh igh C oal A N a v . C o. o w n s c o n tr o l.
V . 78,
p . 1781, 1962.
S E C U R I T I E S .— S to c k , $ 1 ,0 0 0 ,0 0 0 ; par, $50. O f the generals o f 1908
($ 7 ,5 0 0 ,0 0 0 ), $ 3 ,4 5 0 ,0 0 0 w ere reserved to retire rem ain in g u n d erlyin g b o n d s
an d $ 2 ,8 5 0 ,0 0 0 fo r fu tu re re q u ire m e n ts. Car tru sts, gu ar, b y L eh igh Coal
A N a v . C o ., V . 8 6 , p. 1343, 1409.
E A R N I N G S .— F or year en d in g Jun e 30 1910 (170 m ile s ), gross, $ 8 9 4 ,3 2 4 :
n et, $332 359 ; ch arges. $293,031; b a l.. s u r .. $3 9 ,3 2 8 .
P res.. W .A . L a th r o p ; V .-P . and G en. M gr.. R ollln II. W ilb u r; V .-P . and G en. C ou n sel, YVm.
J a y T u rn er: S ec. and T reas., H . F . B a k e r .— (V . 86, p . 1343, 1409.)
LEHIGH VALLEY R R .—-(‘See M a p . ) — Jersey C ity , N . J ., o p p o s ite N . Y .
C ity , to BufTalo, N . Y . , 450 m iles, w ith b ra n ch e s , v iz .: (*S ee these c o s .)
F e e or E n tire Stock O w ned—
J
M ile s .
*"igh
" A- -N-. - Y
- ., —
- tate |Ine
M ile s . ~
Leh
Pa. S
BufTalo, N , Y . , t o S a y re. P a ___
181
to N o . Fair H a v e n , N . Y ___
115
W ilk e s -B a r r e , P a ., to Jersey
O t h e r ____________________________
79
C i t y ...................... - .......................
174 L ea srd — S tate L ine A S u lliva n ,
E lm ira C ortlan d A N o r * ----------139
_
e tc
*28
Branches - .
---------------530) Trackage to Susp'.'Brldge',' i t o '.I
47
P a . A N . Y .,W ilk e s Uarre to P a .
(
____
S tate line (w ith 43 m iles
T o ta l Jun e 30 1 91 0..................1,433
bran ch es) ____________________
1 4 0 1S e co n d t r a c k ____________________
597
B u ck M tn. an d H a ys Creek bran ch es, Into P en n a. a n th ra cite region s,
to be co m p le te d In 1911.
H I S T O R Y , A c .— T h e D rexcl-M orga n Interests, It Is u n d e rs to o d , h a v e
a p rep on d era tin g v o ic e In th e m an a ge m e n t. A s y n d ic a te represen ted by
K u h n , L o o b A C o. In J u ly 1910 acq u ire d a large Interest.
V . 91, p. 276.
C O A L P R O P E R T Y .— T h e L eh igh V a lle y R R . C o. o w n s all the ($ 1 ,9 6 5 ,
690) s to c k o f th e Leh igh V a lle y C oal C o . ( V . 81, p . 172 6 ).
A n nual re p o rt
2,0 0 0 .0 0 0
1 5 ,000.000
3 .000.000
1 0 ,000,000
R ate
%
4 g
41U
4
g
5 g
W hen
P a y a b le
M
J
M
A
Last D ivid en d
arid M a tu r ity
P laces W here Interest and
D ividends are P a y a b le
A O O ct 1 1931
A O A p r 1 1935
A
J July. 1 1 9 1 5 -3 0
A
.1 J u ly 1 1 9 2 9
A. O O ct 1 1932
A D 15 Ju n e 15 i9 5 9
A D 15 D ee 15 1910
A
J Jan 1 1915
A J 15 Ju n e 15 1915
A
J Jan 1 1923
A
J J u ly 1 1911
A
J J u ly 1 1917
A O J u ly 1 1911
A
A p r 1 1912
A
J J u ly 1 1920
A N J u ly 1 1920
A D D ec 1 ’ 10-’ l 6
A
J J u ly 1 1945
A
J Jan 1 1952
A
J J u ly 1 1954
A O O ct 1 1953
A O A pril 1 1958
A D T o Jun e 1 1923
A
J J u ly 14 ’ 10 3 %
A
J J u ly 14 ’ 10 5 %
A D Ju n e 1 1948
A D D ec 1 1923
A D Irre d e e m a b le
A N M ay 1 2003
A A F eb ’ 1 1 -F e b ’ 26
A A T o F e b 1 1913
A
S T o S ept 1 1916
A
M c h ’ l 1 -S e p t ’ 17
M ere T ru st C o. San F ran
O ct ’ 10 co u p n o t paid
U nion T rust C o, D e tro it
A m e r L oa n A T r C o , B ost
L B a rn u m A C o .N Y A L o s A
o
A
A
A
A
s
s Sept
1 1945
J J u ly 1 1940
s
O ct 1 1 9 4 i
o
C entral T ru st C o , N Y
llr v ln g N at E x ch B ank
I N Y , and First N at
j B a n k , W a r w ic k , N Y
I
I
Irvin g N at E x ch B k , N Y
P h iladelphia
437 C h estn u t S t, P h lla
do
do
do
do
do
do
do
do
do
do
do
do
lo
P h ila d elp h ia
do
do
JP M o rga n A C o .N Y A P h il
fo r 1909-10 In V . 91, p . 394. In 1905 pu rch ased th e h old in gs o f C o x e B ros.
A C o.
V . 8 1 , p. 1175; V . 83, p . 702.
T h e Coal C o . shipped fro m collieries o w n e d an d c o n tr o lle d 8 ,0 9 2 ,9 4 0 ton s
o f an th ra cite coal In 1909-10, a gain st 7 ,7 8 4 .0 7 8 tons In 190 1-0 9; to ta l coa l
and c o k e to n n a g e . 1909-10, w as 1 4 .0 3 4 .3 9 6 .
S T O C K .— T h e sh areholders v o te d Ju n e 22 1010 to Increase a u th . c o m
m on s to c k fro m $4 0 ,3 3 4 ,8 0 0 to $ 8 0 ,0 0 0 ,0 0 0 , o f w h ich $ 2 0 ,2 2 0 ,5 5 0 was
offered to sto ck h o ld e rs p ro rata a t par, p a y a b le In fu ll fro m J u ly 15 to J u ly
31 o r In 4 e qu a l Installm ents J u ly 31, A u g . 31, S e p t. 30 and O c t . 31 1910,
the p roceed s to be used to retire $ 6 ,0 0 0 ,0 0 0 2d M. 7s d u e S e p t. 1 1910, a n d
o th e r o b lig a tio n s , an d fo r fu tu re p u rp o se s. V . 90, p . 1101, 1676.
D IV S .
/ ’ 88 to ’ 91. ’ 92. 93. ’ 94 to ’0 3 . ’ 04. ’ 0 5 . ’ 06. ’ 0 7 . ’ 0 8 . ’ 09. 1910.
S i n c e ’8 7 . % \ 5 yea rly 5J£ 4
N on e
1
4
4
6
6
6
6
B O N D S .— T h e gen. co n s o l, m tg e . o f 1903 w ill secu re $ 1 5 0 ,0 0 0 ,0 0 0 b o n d s
bearin g n o t t o e x c e e d 5 % ln t , c o v e r in g the en tire r o a d , the s to c k o f th e
L eh igh V a lle y C oal C o. an d o th er s to ck s o w n e d . O f th e b o n d s, $ 1 0 ,0 0 0 ,0 0 0
were Issuable a t o n c e , $ 1 0 ,000 ,00 0 w ere reserved to retire car trusts a n d
co a l-p u rch a se b o n d s. $ 96 ,000 ,00 0 to retire a t o r b efore m a tu rity o u ts ta n d in g
fixed o b lig a tio n s a m o u n tin g to $ 9 4 ,130 ,00 0 (in cl. the coll, trust b o n d s, a n a
$2,0 0 0 ,0 0 0 coal trust c tfs . o f 1902, w h ich were called fo r p a y m e n t), on p a y
m ent o f w hich the general con sols will be a first Hen o n all the p r o p e r t y o f
the sy ste m , e x c e p t as to $1 2 ,6 0 0 ,0 0 0 a n n u ity b o n d s, w h ich are a p erpetu al
ch arge; the rem ain ing $3 4 ,0 0 0 ,0 0 0 w ere Issuable at n ot e x c e e d in g $ 2 ,0 0 0 ,0 0 0
a year, o r s u c h larger a m ts , as m a y be a u th . b y sto c k h o ld e r s, b e g in n in g Ja n .
1906.
fo r acqu isition s, term in als, coa l p ro p e rtie s, e q u ip m e n t. A c .
O ld
b o n d s m a y , h o w e v e r , b e e x te n d e d If n ecessary fo r n o t o v e r t w o y e a rs .
P ro v isio n m a y be m ade a t th e tim e o f Issue o f b o n d s th ereu n d er fo r th e rig h t
t o c o n v e r t Into s t o c k a t th e pleasure o f the h o ld e r n o t o v e r $ 2 5 ,0 0 0 ,0 0 0 a t
a n y o n e tim e .
V . 77. p . 824; V . 7 8 , p . 287; V . 79, p . 1642; V . 8 2 . p . 1380:
V . 86, p 1343; V . 88, p . 1372. See p r o p e r ty co v e r e d In V . 8 1 , p . 211.
T h e p u rch ase o f the s to c k o f C o x e B ro s. A C o . ($ 2 ,9 1 0 ,1 5 0 ) and o f th e
D elaw are S usq uehann a A S ch u y k lll R R . ($ 1 ,5 0 0 ,0 0 0 ) In O c t . 1905 w as
fin a n ced b y an Issue o f $1 9 ,0 0 0 ,0 0 0 c o ll, tru st 4 % b o n d s , t o be re tired b y
$ 5 0 0,00 0 sem i-an n u al Installm ents b e g in n in g A u g . 1907 and se cu re d b y
d e p o s it o f th ose sto ck s . T h e b o n d s are s u b je c t t o call as a w h o le a t 102 H
b e g in n in g A u g . 1 1912, or In the ord e r o f serial num ber-).
V . 8 1 . p . 1175
1242, 1376; V . 8 2 . p . 100: V . 8 3 , p . 702; V . 8 4 , p . 1428; V . 8 8 , p . 452.
G U A R A N T I E S — Lehigh V a l. R ail W a y C o . o f N . Y .— O w ned B u ffa lo ,
N . Y . , to near S a y re , P a ., 175 m . d o u b le tr a c k , an d bra n ch es to Ith a c a , A u
b u rn , A c ., 106 m .; In all 281 m ., c o v e r e d b y $ 1 5 ,0 0 0 ,0 0 0 m tg e . o f 1890, b u t In
1903 and 1905 co n so lid a te d w ith o th e r s u b . co s . and In 1907 a b s o r b e d th e
L e h .A L . Erie: total m ileage n ow Is 501 m iles. S t o c k , $ 1 1 ,2 0 0 ,0 0 0 , all o w n e d
b y L eh igh V a l. R R ., w as In Jun e 1907 au th o riz e d to be Increased t o $ 1 3 ,5 4 3 ,OOO. o f w hich $11 .5 4 3 ,0 0 0 Issued.
M ortg age a b s tr a c t, V . 51, p . 114; V . 77,
p . 147, 972; V . 81, p 784; V . 83, p . 38; V . 84, p. 1366.
Lehigh V alley Term in al R a ilw a y. — O w ned d o u b le -tra ck road fro m S o u th
P lain field, N . J ., to Jersey C ity , w ith a b o u t 125 acres a t J ersey C ity a n d a
large w ater fro n t th ere, A o .
M erged In A u g . 1903 w ith o th e r s u b . c o s .
In L. V . o f N . J .. h a vin g a to ta l m ileage o f 119 in .. Its $ 1 2 ,5 0 6 ,0 0 0 o u t
sta n d in g s to c k ($ 7 ,9 2 7 ,6 0 0 a d d itio n a l In treasury) b ein g all ow n e d b y
Lehigh V a l.R f t . V .7 7 , p. 972; V . 53, p . 640, 880; V .8 1 , p . 784; V . 8 3 . p . 7 0 3 .
M o rris C a n a l. — L eased tor 999 years an d d iv id e n d s g u a ra n te e d .
B onds
all o w n e d b y L ehigh V a lle y .
See V . 50- p . 137.
P en n sylva n ia A New York Canal A R m lroad .— L eased fo r 99 years fro m
D e c. 1 1888 to L ehigh V a lle y , w hich has assum ed Its d e b t a n d ow n s all Its
s to c k
T h e con sols Inclu de $4,0 0 0 ,0 0 0 o f 5 p er c e n ts , $ 3 ,0 0 0 ,0 0 0 o f
4s. $ 1 ,5 0 0 ,0 0 0 o f 4 .HS. V . 62, p . 950.
Consolidated Real Estate C o .— See V . 78, y . 1223; V . 79, p . 1271; V . 83.
p . 702 . T o Jun e 30 1910 n on e had been so ld .
Seneca C ou n ty R y ., $50 0,00 0 g u aran teed b o n d s; n on e so ld Ju n e 30
1910. Sec V . 7 9 , p. 1271.
.
T h e Leh igh A Lake Erie m o rtg a g e ($ 3 ,0 0 0 ,0 0 0 ) c o v e r s 11 m iles d o u b le
track term inal road at B u ffalo o p e n e d In 1907.
V . 81, p. 211: V . 8 3 .
p . 702. T h e road Is leased fo r 999 years. V . 8 4 , p . 1248; V . 8 5 , p . 412 ;
V . 87, p . 817 , 818.
E A R N I N G S .— 2 m o s . , / 1 9 1 0 ............... G ross, $ 6 ,0 1 4 ,2 1 6 ; n e t, $ 2 ,1 1 9 ,2 1 3
J u ly 1 to A u g . 31.
1 1909--------- .'.G r o s s ,
5 ,6 8 0 ,7 6 9 ; n e t,
2,2 0 4 ,3 8 3
A N N U A L R E P O R T .— Flcsal y e a r en ds J u n e 30. T h e r e p o rt fo r 1909-10
w as given In V . 91, p. 393 , 402.
See also e d ito ria l, p. 309.
R evenue Jrom operation—
1909-10.
1908-09.
1907-08.
.$ 1 5 ,8 2 1 ,7 9 8 $14 ,831 ,07 1 $ 1 6 ,1 7 5 ,2 8 0
. 14,757,799
13,291,831
1 4,011,302
3,9 0 5 ,0 6 3
Passen ger r e v e n u e .'._________________. 4 ,3 3 0 ,1 7 2
4 ,1 5 9 ,8 9 0
1,257,629
1,109,268
M all, express, A c ...........................
1,1 6 3 ,6 8 2
T o ta l o p e r a tin g r e v e n u e ____
O p e ra tin g e x p e n s e s _____ _______
T a x e s ____________________________
.5 3 6 ,1 6 7 ,3 9 8 $ 33 ,137 ,83 2 $35 ,5 1 0 ,1 5 4
-5 2 1 ,6 8 4 ,1 4 7 $ 20 ,575 ,73 6 $2 2 ,3 1 2 ,0 3 6
.
1,106,762
1,079,376
1,1 2 2 ,8 6 7
1 3 ,3 7 6 ,4 8 9 $1 1 ,4 8 2 ,7 2 0 $1 2 ,0 7 5 ,2 5 0
O p era tin g In co m e _____________________.$$13,376
.
1,117,635
O th er In co m e ................
1,117
704,580
1 ,629,350
T o ta l In co m e .....................
,494
.5$14
1 4 ,4
9 4 ,1 2 4 $1 2 ,1 8 7 ,3 0 0 $ 1 3 ,7 0 4 ,6 0 0
In terest on b o n d s, A c ...............
. 5 3 ,8 0 0 ,1 0 9
$3,7 8 9 ,9 6 3
$ 3 ,7 4 5 ,1 2 8
R en ta ls and gu a ra n tie s-----------------------. 2,316
2 ,316,473
2 ,3 1 6 ,4 7 3
2,3 1 6 ,4 7 3
M iscellaneous d e d u c t io n s .......... .
237,061
240,141
272 ,425
A d d itio n s and b e tte rm e n ts____
.
843 ,877
582,643
1,775,264
T o ta l d e d u ctio n s from In c o m e ____ .$7,200
$ 7 ,2 0 0 ,6 0 0
$ 6 ,9 2 6 ,1 4 0
58,109,29.0
. $7,2 9 3 ,5 2 4
Leh igh V a lle y Coal C o. net I n c o m e . _1,136,543
$ 5 ,2 6 1 ,1 6 0
375 ,452
$ 5 ,5 9 5 ,3 1 0
3 8 8 ,6 0 6
- 58,4 3 0 ,0 6 7
D iv id e n d s on preferred s to c k ( 1 0 % ) ..
510 ,630
D ivid e n d s on c o m m o n s to c k (6 % )
. 2 ,420,088
$5,6 3 6 ,6 1 2
510 ,630
2,4 2 0 ,0 8 8
$ 5 ,9 8 3 ,9 1 6
S 10,630
2 ,420,088
$3,2 0 5 ,6 0 4
$ 3 ,S 5 3 ,1 9 »
B a lan ce, s u rp lu s ...................... ..
$ 5 ,9 9 9 ,3 4 9
R A IL R O A D C O M P A N IE S
[F or abbreviation s, * c . , see notes on first page]
M ile s
Road
Lehigh Valley— (C o n c l u d e d ) —
60
E a s to n & A m b o y 1st M E a sto n t o P e rth A m b o y gu
12
E a s to n & N or 1st M g o ld gu a r b y L eh V a l_ O P .c * & r
22
M id d le s e x V a lle y first m tg e $600,000 g o ld -------C e.c*
P e n n & N Y C a n & R R — C ons g u (t e x t )p & l(e n d ) - G P .r
119
E lm ira C ortlan d & N o rth first pret m tg e g o l d - .C e .c *
119
F irst m ortg a g e gold gu aran teed p & 1 (e n d )— Ce
M orris Canal s to c k 4 % g u aran teed 999 y e a r s ----------P referred s to c k 1 0 % gu aran teed 999 y e a r s ----------L V C oal C o 1st M $ 12 ,000 ,00 0 g s f n o t d r a w n .c * & r
do
Interest r e d u c e d ___________________________
D ela n o L ’ d IstM g gu s f (V . 90, p . 161 7) . ..........Q P
W y o m in g V a lle y Coal co n so l (n ow 1st m o r t g a g e ) ..
C on sol R ea l E sta te first m tge $ 2 ,6 0 0 ,0 0 0 g u a r .U s m
L e x in g to n & E a s t— 1st M g e x t In 1901 red 1 0 2 . -C e .c *
92
G eneral m ortg a ge g o ld ------------------------------------- - - - N « r
Lexington Union Station— P referred stock (see t e x t ) .
12
Lime Rock— C on s olid a te d r e fu n d in g m o rtg a g e g o l d . .
44
Litchfield & Madison— F irst m tge $1 000 ,0 0 0 K - - - - Little Falls & Dolgeville— F irst m tg e $250 000 g o l d - Little Miami— S tk orig in a l gu 8 % 99 yrs P C & S t L
S pecial g u aran teed b e tte rm e n t s to c k ( $ 5 ,0 0 0 ,0 0 0 ).
84
R en ew a l m o r tg a g e ------------------------- --— . - - - —
Little Rock & Hot S p W es t— S ee S t L o u is Ir o n M tn & S o u .
32
Little Schuylkill N av, RR & C oa l— S to c k (ren tal guar)
155
Long Island— S econ d (n o w first) m o r t g a g e -- - - - - - - £
156
C on solid a ted m ortg a g e (g o ld ) ($ 3 ,6 1 0 ,0 0 0 are 5s) .C e
163
G eneral m ortg a g e g o l d ----------- - - - - - - - - - - - - - - C e .c
L o n g Isla n d R R m t g e o n fe rr y fo r $ 2 ,7 5 0 ,0 0 0 g.C e c*
18
Stew art L in e m ortg a g e o f 1932 fo r $500,000 g o ld .C e
D eb en tu re ($ 1 ,5 0 0 ,0 0 0 ) g o ld n o t s u b je c t to c a l l . .
2
N ew Y o r k & F lu sh in g first m o rtg a g e assum ed - - C
76
B r o o k ly n & M on ta u k 1st M ($2 5 0 ,0 0 0 are 6 s ).C e .c *
76
S econ d M g assum B u s S ta to E a stp & b r s .- C e .c *
12
L o n g Isla n d C ity & F lu sh in g first m tge a s s u m e d ..c *
19
C on solid a ted m ortg a g e g o ld a s s u m e d - .- — C e.c*
6
c o lu m
W hen
P a yable
Am ount
O utstanding
$1,000
500 & c
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
5
$6,000,000
51,000
4J4 g
211,000
5 g
8 ,500,000 4. \ V i, 5
750,000
6 g
1,250,000
5 g
4
706,700
10
903,600
10,114,000
5 g
1,400,000
4 g
1,082,000
5 g
6
200,000
4
In treasu ry
850 ,000
5 g
1,500,000 See t e x t
4
388,000
400,000
4 g
1,000,000
5 g
250,000
3 g
8 2-5
4 ,943,100
4
3 ,576,400
1,500,000
5
M
M
M
A
A
A
F
F
J
50
2,487,950
5 g
7
268,703
1878
100 & c
1,000
4,7 3 1 ,0 0 0 4 & 5 g
1881
3,0 0 0 ,0 0 0
1,000
4 g
1888
1,494,000
1,000
4H g
1802
332,000
1,000
4 g
1892
1,000 a l , 135,000
5 g
1894
6
125,000
1,000
1880
1,000
1,000,000 5 & 6 g
1881
600,000
1,000
5 g
1888
6
1,000
600,000
1881
1,000
650.000
5 g
1887
5
alOO.OOO
1,000
1893
n ; b ala nee und e r unified m o rtgage
J
F
1880
1895
1892
1888
1884
1884
1892
1892
1891
1906
1805
1895
1904
1903
1882
1,000
1,000
1,000 &c
100
1,000
1,000
100 &c
50
50
1,000
P r e s ., E . B . T h o m a s, 143 L ib e r ty S t ., N . Y . ; A sst, t o P r e s ., L . D . S m ith ,
1st V . - P . . J . A . M id d leto n ; G en. M g r., J . F . M agu ire; T r e a s ., J . M . B a x te r,
S e o ., D . G . B a ird, 228 S o . 3 d S t ., P h ila d e lp h ia : E x e cu tiv e C o m m itte e .
C h a irm a n , E . B . T h o m a s; G e o . F . B a k e r , E . T . S to te s b u r y , C harles
Steele W II M oore. D an iel G . R e id , P . A . B . W ld e n c r an d G e o . F . B a c r .
D ir e c to rs — E d w a rd T . S to te s b u r y , S . P . W o lv e r t o n , A lfre d C. H a rriso n ,
W m . H . M o o r e , D an iel G . R e id , E . S. M o o re , Charles S teele, A b ra m N e s b lt.
P . A . B . W ld e n e r , G e o . F . B a k er, E . B . S m ith an d G eo. F . B a e r.— V . 90,
p . 698, 014 , 1045, 1101, 1676; V . 91, p . 94, 276, 39 3 , 4 0 2 , 463 .)
L E X IN G T O N & E A S T E R N R Y .— O w ns fro m L e x in g to n , K y ., t o J a c k
s o n , K y ., a b o u t 92 m iles. V . 73, p . 6 6 3 .
S to c k , $50 0 ,0 0 0 ; par, $100. In
A u g 1910 filed a m en d e d a rticles o f In co rp o ra tio n in crea sin g a u th o rize d
lim it o f fu n d e d d e b t fro m $ 4 ,0 0 0 ,0 0 0 t o $ 1 0 ,0 0 0 ,OOO.and au th o riz in g e x te n
sion fro m J a c k s o n , K y ., a lo n g north fo rk o f K e n u tc k y R iv e r to b o u n d a r y o f
V irg in ia , & c ., 120 m iles. V . 90, p . 589.
B id s r e p o rte d to be let In O ct
1910 to c o n s tr u c t ex ten sio n fro m J a ck so n to W h ltsb u r g , 80 m iles. V . 91,
P B O N D S .— T h e 1st m tg e . 5s w ere e x te n d e d a t sam e ra te o f I n t . t o J u l y l
1911, the c o m p a n y h a v in g th e rig h t t o call an d red eem all or a n y o f th em a t
102 a n d Int. A ll ln t . on the gen . m tg e . b o n d s w as w a iv e d t o A u g . 1 1901.
ln t . th erea fter t o b e p a id In cash F e b . a n d A u g . 1, as fo llo w s : 2 % y e a rly
fo r 5 y ea rs, then 3 % fo r 5 years an d 5 % y e a r ly th e re a fte r t o m a tu r ity .
D e
ferred d eb en tu res w ill be Issued fro m tim e t o tim e fo r b a l. o f th e ln t. n o t p a id
In cash on th e gen ezal m o rtg a g e b o n d s a ccru in g a fte r A u g . 1 1901.
E A R N I N G S .— 2 m o s ., 1 1 9 1 0 .......................G ross, $ 8 7 ,3 3 8 ;
n e t, $32 ,2 0 5
7 7 ,3 4 4 ;
n e t,
18,667
J u ly 1 to A u g 31.
/ 190 9____________ G ross,
Y e a r en d in g Jun e 30 1910, gross, $48 4 ,6 2 0 ; n et o v e r ta x e s . $14 9 ,8 0 1 ;
o th e r In com e, $21 ,936 ; ch arges, $11 8 ,1 1 2 ; s u rp lu s, $ 5 3 ,7 1 5 . P r e s ., A rth u r
C a ry . L e x in g t o n , K y .— (V . 76, p. 542; V . 91, p . 589, 1025.)
LEXINGTON UNION STATION CO.— O w ns p a ssen ger s ta tio n at
L e x in g t o n , K y ., op e n e d J u ly 1907.
. . . .
.
C o m m o n s t o c k . $ 1 5 ,0 0 0 , o w n e d e q u a lly b y L o u ls v . & N a s h v ., C hes. &
O h io and L e x in g to n & E a s te rn . T h e re has been a u th o riz e d $50 0 ,0 0 0 o f 4 %
cu m u la tiv e (n o n -v o tin g ) p re fe rre d s t o c k , se cu re d b y m o r t. , an d ren tals paid
b y a b o v e -n a m e d roa d s o n basis o f passen ger ca rs. P r e s ., W . A . M cD o w e ll;
S ec r e ta r y an d T rea su re r, A . M itchell Jr.
L IC K IN G R I V E R R R — V . 91, p . 336 .
LIME ROCK RR.— O w ns r o a d In a n d a ro u n d R o c k la n d , M e ., 11 m .;
t r a c k a g e . 1 m .; t o t a l, 12 m .
S t o c k . $45 0 ,0 0 0 ; c o n tr o lle d b y th e R o c k la n d R o c k p o r t L im e C o. o f M aine. V . 8 2 , p . 1380. D lv . In 1905-06, 5 % ; 1906
0 7 , 5 % , o f w h ich 3 % fro m a c c u m u la te d surplus; 1907-08, 2 M % .
Year
e n d in g Ju n e 30 1908, g ro ss, $72 ,3 5 4 ; n e t, $28 ,2 5 6 ; o th e r In com e, $ 3,945;
in terest an d ta x e s , $ 20 ,115 ; d iv id e n d (2 M % ) , $ 11 ,250 ; b a la n c e , surplus,
$ 83 6. O ffic e , R o c k la n d . — (V . 82, p . 1380.)
LITCHFIELD & MADISON R Y . — O w ns L itch fie ld J e t. t o M ad ison , 111.,
44 m .; tr a c k a g e , 1 m .; to t a l, 45 m . S t o c k , c o m m o n , $50 0 ,0 0 0 ; p r e f., 4 %
n o n -c u m ., $50 0 ,0 0 0 ; p a r o f shares, $100.
F o r m e r ly c o n tr o lle d b y C h ic.
P eoria & S t. L o u is .
F o r y e a r e n d in g Ju n e 30 1910, gross, $ 2 3 6 ,7 1 8 ; n et,
$ 5 0 ,9 6 8 ; o th e r In com e , $ 2 ,5 7 1 ; Interest, ta x e s , & c., $ 6 6 ,0 7 8 ; ba la n ce ,
d e ficit, $ 1 2 ,5 4 0 .
P re s ., Jam es D u n ca n , A lt o n , 111.— (V . 79, p . 2456.)
LITTLE FALLS & DOLGEVILLE RR.— O w ns L ittle F a lls, N . Y . . to
D o lg e v ille , 10 m iles. O perates u n d er ag re e m e n t D o lg e v ille & S alisb u ry
R R . , e x t e n d in g fro m D o lg e v ille t o m in e o f S a lisb u ry Steel & Iron C o .
S t o c k , $ 2 5 0 ,0 0 0 , o f w h ich th e N ew Y o r k C entral & H u d s o n R iv e r In J u ly
1906 a c q u ir e d a m a jo r it y .
B o n d s , s co ta b le .
F o r y e a r e n d in g Ju n e 30
1 90 9, gross, $68 ,4 4 1 : n e t, $ 2 4 ,0 1 5 : o th e r In co m e , $ 1 ,1 1 9 : ch arges, $ 9 ,5 4 2 .
P r e s ., W . H . N ew m a n ; S e c ., D . W . P a rd e e .— ( V . 83, p . 272.)
LITTLE KANAW HA RR.— P a rk e rsb u rg , W . V a ., t o C re sto n , 50 m iles.
S t o c k , $ 3 ,0 0 0 ,0 0 0 a u th o riz e d ; Issued. $ 5 0 9 ,5 0 0 . O w n e d b y th e P ittsb u rg h
& L a k e E rie, P e n n s y lv a n ia a n d B a ltim o re & O h io , th e last n a m e d o p e ra tin g
th e ro a d fro m M ay 1 1908. V . 8 6 . p . 981; V . 8 2 , p . 628; V . 8 6 , p . 981.
LITTLE MIAMI RR.— (S ee M a p s P en n sy lva n ia R R .)— O w ns C incinnati
O ., t o S p rin gfield , O ., 84 m .; b r a n c h , X e n ia , O ., t o D a y t o n , O .. 15 m .; D a y
t o n , O ., t o I n d . S ta te lin e, 38 m .; leases. C o lu m b u s & X e n ia R R . , X e n ia , O .,
t o C olu m b u s, O ., 55 m .; C ln. S t. C o n . R R ., 2 m .; R ic h m o n d & M iam i R R .,
In d ia n a S ta te L in e t o R ic h m o n d . 4 m .; to ta l 195 m les.
L E A S E .— O n D e c. 1 1869 leased t o P itts b u rg h C in cin n ati & S t. L ou is
(n o w P itts b u rg h C incinnati C h ica g o & S t. L ou is) fo r 99 years ren ew able fo r
e v e r . T h e P e n n . R R . C o . Is a p a r t y to the c o n t r a c t a n d gu aran tees Its
fa it h fu l e x e c u tio n .
R e n ta l Is 8 % o n $ 4 ,9 4 3 ,1 0 0 origin a l s t o c k , 4 % o n b e t
te rm e n t s t o c k a n d Int. o n d e b t .
V . 8 4 , p . 51, 815; V . 8 6 , p . 857.
L essee’s r e p o rt sh ow s results t o lessee: In 1904, loss, $ 13 3,74 6; In
1905, loss, $ 1 6 7 ,6 9 2 ; in 1906, loss, $18 5 ,3 0 3 ; In 1907, loss, $ 54 ,477 ;
In 1908, loss, $14 2 ,9 4 6 ; In 1909, p ro fit, $ 6 7 ,1 7 1 . S to c k a u th ., $10 ,0 0 0 ,0 0 0 .
B eg in n in g D e c. 1899, 1 -5 % e x tr a p a id o n c o m . s to c k each D e c. an d June
fro m surplus Invested fu n d , m a k in g d lv . 8 2 -5 % y ’ ly — (V . 86, p . 857 .)
LITTLE SCHUYLKILL NAVIGATION RR,. & COAL.— O w ns fro m P o rt
C lin ton t o T a m a n en d an d R e e v e sd a le , 31.4 8 m iles; 2d tra ck , 26.49 m .; to ta l,
91.31 m iles.
R e-leased o n D e c. 1 1896 to P h lla . & R e a d . R y . fo r 999 years
a n d rental red u ced fro m 7 % o n s t o c k t o 5 % g o ld fro m J a n . 1 1897.
D iv i
den d s: In 1898, 5 H % ; 1899, 5 J * % : 190 0. 5; 1901. 5 ^ 1 1902, 5 H : 1903, 5;
190 4, 5; 1905, 5 ^ ; 190 6, 5: 190 7, 5 H ; 1 0 0 8 ,5 1 3 ; 1909, 5; 1910, J a n ., 2 H :
J u ly , 3. Lessee p a y s ta xe s a n d o r g a n iz a tio n e x p e n s e s .— (V . 73, p . 554.
LONO ISLAND RR.— O perates th e ste a m s u rfa ce ro a d s o f L o n g Is la n d .
O w ns—
M ile s . I L eases— (* W h lc h see.)
M ile s .
L o n g Isla n d C ity t o G r e c n p o r t . .. 95| N . Y . & R o c k a w a y B ea ch R y * . . 12
L o n g Isla n d C ity to M o n ta u k ____ 1151 J a m a ica & S o .S h o r e ( V .7 8 ,p .l0 2 )
5
S u n d ry b r a n c h e s _________________ 104 N . Y . B ’ k ly n & M an. B e a c h * ___ 19
T o t a l o w n e d ( V . 7 7 , p . 2 0 9 8 )..3 1 4
T o t a l D e o . 31 1 00 8 .........................300
L eases—
O p c r. e le ctrica lly In D e c . 1 9 0 9 . .1 4 0
N assau E le c tr ic R R ___________ . . . 10 D o u b le t r a c k ----------------------------------- 132
N o rth S h ore B ran ch R R __________30
A lso o w n s th rou gh the L o n g Isla n d C o n so lid a te d E le ctrica l C om panies
th e H u n tin g to n R R . , N o rth p o rt T r a c t io n , N assau C o u n ty R y . and O cean
E le c tr ic R y . , h a v in g a c o m b in e d m ileage o f 26 H m ., Inc. 15 H m ., H u n tin g to n
t o A m lt y v llle , o p en ed A u g . 20 1909. V . 8 9 , p . 593 . V . 90, p . 1040.
Hate
%
Par
V a lu e
D a te
B on d s
&
&
&
&
&
&
&
&
&
&
J
&
.1
J
&
F &
&
J
F &
&
J
&
J
M &
&
J
Q —M
-- M
.\1 &
0
N
N
N
O
O
o
A
A
J
.1
.1
J
A
J
A
J
J
N
.1
10
10
N
Last D ivid en d
and M a tu r ity
P laces W here Interest and
D ivid en d s are P a ya b le
M ay 1 1920
N ov 11935
N ov 11942
A p r 1 1939
A p r 1 1914
A p r 1 1914
A u g 1910 2 %
A u g .1910 5 %
Jan 1 1933
Jan 1 1933
Jan 1 1932
J u ly 1 1917
F e b 1 1956
J u ly 1 1911
F e b 1 1935
J u ly 1 1910 2%
J u ly 1 1920
N o v 1 1934
J u ly 1 1932
S ept 10 ’ 10, 2
S ep t 10 ’ 10 1 %
N o v 2 1912
O ffice , 228 So 3d S t. P h il
do
do
P h iladelph ia
L eh igh V a lle y R R , P h lla
do
do
do
do
O ffic e , 228 S 3d S t, P h lla
do
do
J P M o r g a n & C o .N Y & P h il
do
do
P h iladelph ia
Ph iladelphia
J K T o d & C o . N ew Y o r k
See te x t
O ffic e , L e x in g to n , K y .
P o r tla n d , Me
C entral T r . C o ., N . Y .
A m er E x ch N at B k , N Y
O ffic e , F o s d lc k B ld g , Cln
do
do
Bank o f A m e r ic a . N Y
& J J u ly 15 1910 3
& A Aug 11918
J u ly 1 1931
Q— J
.T & D June 1 1938
M & S M ch 1 1922
& D June 1 1932
.1
& I) June 1 1934
J
M & S Mch 1 1920
M & S Mch 1 1 9 1 1
.1 & D June 1 1938
M & N M ay 1 1 9 1 1
M & N M ay 1 1937
& J Jan 1 1943
J
O ffic e , 410 W a ln u t ,P h lla
U S M tge & T ru st C o .N Y
do
do& Lon
do
do
do
do
do
do
do
do& Lon
do
do
do
do
do
do
do
do
do
do
U S M tge & T ru s t C o.N Y
T h e P e n n . R R . In 1910 c o m p le te d an u n d e rg ro u n d tunnel (e le ctric rail
r o a d ) fo r passenger serv ice fro m J e rse y C ity u n d er th e H u d so n R iv e r t o a
cen tral passenger sta tio n a t 33d S t. and 7th to 10th a v e n u e s, an d th en ce
u n d e r the E a st R iv e r t o a c o n n e c tio n w ith L o n g Isla n d R R ., and th u s w ith
N . Y . N . I I . & II. R R ., th e L o n g Island trains b e g in n in g to run Into th e
sta tio n S e p t. 8 .
See V . 74, p . 830; V . 75, p . 1203; V . 84, p . 031 . A s
to Im p rovem en ts, see V . 89, p . 666, 1483.
S T O C K .— $ 1 2 ,0 0 0 ,0 0 0 , p a r, $50: o f w h ich P e n n . R R . ow n s $ 6 ,7 0 7 ,9 0 0 .
D I V I D ’ S .— 11882 1883 to 1890 1891 1802 1893 1894 1805 1896 N o n e
P e r c e n t ______;
1
4 y e a r ly
4J3
5
5
4 }3
4
4
s in ce
B O N D S .— T h e r e fu n d in g 4s o f 1903 ($ 4 5 ,0 0 0 ,0 0 0 a u th o r iz e d Issue) are s e
cu red b y a lien on th e en tire r o a d , s u b je c t t o the $ 2 2 , 59 2,000 o u ts ta n d in g o ld
b o n d s , to retire w h ich an e qu a l a m o u n t Is re se rve d ; re m a in d e r, $ 2 2 ,4 0 8 ,
000 , gu ar, as t o p rln . an d ln t. b y th e P e n n . R R . , w ere s o ld , th e p r o c e e d s t o
be u sed fo r va rio u s Im p ro v e m e n ts a n d a d d itio n s In c o n n e c tio n w itn tn e
P e n n sy lv a n ia tunnels t o a n d th rou gh N ew Y o r k C ity , p r in c ip a lly fo r a d d i
tio n a l term inal facilities a t B a y R id g e a n d L o n g Isla n d C ity a n d fo r a d o u b le
track co n n e c tio n w ith th e N ew H a v e n r o a d , fo r a d d itio n a l fre ig h t a n a p a s
senger term inals, tra ck s, e q u ip m e n t, an d t o re tire o ld b o n d s . V . 7 8 , p .
583 , 1549; V . 7 9 , p . 2796; V . 8 0 , p . 1111; V . 8 1 , p . 211; V . 8 2 , p . 86 8 .
D u e P en n sylva n ia R R . D e c. 31 1909 fo r a d v a n ce s , $ 8 ,1 2 3 ,7 9 2 , on a c c o u n t
o f w h ich $ 6 ,062,951 d eb en tu res had been Issued.
P e n n sy lv a n ia C o. D e c. 31 1909 o w n e d $ 2 ,6 0 0 ,0 0 0 4 % e q u ip , c tfs .
T h e un ified m ortgage Is lim ite d t o the a m o u n t n o w o u ts ta n d in g .
B on ds
are s u b je c t t o call a t 110 In w h o le o r In p a rt on a n y Interest d a y .
V . 68.
p . 6 1 8 . M tges. on real e sta te , $ 1 ,9 6 9 ,9 1 7 . V . 7 6 , p . 266; V . 8 5 , p . 160 .
In N o v . 1909 a u th o r ity w as given t o Issue n o t o v e r $ 1 6 ,5 0 0 ,0 0 0 1 0-year
4 % d eben tu res, o f w h ich a p o r tio n t o b e Issued t o reim bu rse th e P e n n s y l
v a n ia R R . fo r a d v a n ce s a g g re g a tin g $ 6 ,0 6 2 ,9 5 2 o n a c c o u n t o f v a r io u s
Im p ro ve m e n ts d u rin g 1905 t o 1908, th e re m a in d e r t o c o v e r a d d itio n a l
a d v a n ce s fo r co n s tr u c tio n . Im p ro v e m e n ts a n d new e q u ip m e n t,
v . ou . p .
529, 1411; V . 90, p . 698, 1040.
G U A R A N T I E S . — In a d d itio n t o gu a ra n te e d b o n d s In ta b le a b o v e g u a r
an tees 5 % on $65 0,00 0 N ew Y o r k B r o o k ly n & M a n h a ttan B e a ch prer. s to o k
as p a r t ren tal; also 4 >3% on $50 ,000 P . P . & S o . B r. s to c k a n d 4 >3% on
$82 ,500 o f the N ew Y o r k & C o n e y Isla n d s t o c k .
. , ,
. , .
T h e sh areholders v o t e d M arch 14 1906 to gu a ra n te e , p rin cip a l a n d in te r
e st, an a u th o rize d Issue o f $ 1 0 ,0 0 0 ,0 0 0 4 >3% 4 0 -ye a r col la t. trust b o n d s o f
th e L o n g Isla n d C o n s o lid a te d E le ctrica l C o m p a n ie s, a h o ld in g c o m p a n y , all
o f w hose s to c k Is o w n e d , fo r th e tro lle y lines o w n e d and c o n tr o lle d . See
V . 8 2 , p. 100 ,864 ; V . 8 4 , p . 865 : V . 8 6 ,p . 1157. N o bds. sold t o D e c . 31 1 90 9.
E A R N I N G S .— 12 m o s ., 119 09-10 ------ G ross, $ 0 ,3 9 4 ,3 8 8 ; n e t, $ 2 ,6 7 3 ,4 6 4
J u ly 1 to Jun e 30.
1 1 9 0 8 -0 9 ------ G ross, 8 ,2 8 6 ,3 1 6 ; n e t, 1,9 6 1 ,2 4 4
R E P O R T .— R e p o r t fo r ca le n d a r ye a r 1909 w as in V . 0 0 , p . 1040.
1909.
1908.
1907.
G ross e a rn in g s__________________________ $ 10 ,898 ,37 1 $ 9 ,8 1 8 ,5 4 5 510 ,1 3 0 ,4 0 8
O p e ra tin g e x p e n s e s _____________________ 7 ,4 5 2 ,5 1 7
7 ,2 6 7 ,2 3 5
8 ,5 2 6 ,5 8 5
N e t earnings
$ 3 ,445,854
T o ta l n e t . . . . .1 1 1 1 .................................... $ 3 ,710,094
R e n ta ls o f leased r o a d s ------------------------In te re st on b o n d s ______________________
1 ,8 0 3 ,3 3 0
I n t . on m t g e s ., grou n d re n ts, & c ------3 3 7 ,1 3 0
T a x e s . . . . . . . I . ...........................................
501 ,836
M is c e lla n e o u s __________________________
169 ,697
E x tr a o r d in a r y e x p e n d itu r e s --------------250 ,0 0 0
$ 2 ,5 5 1 ,3 1 0
$ 2 ,768,178
$1,6 0 3 ,8 2 3
$1,9 3 5 ,8 9 2
. onS ’ lS n
1 ,8 0 3 ,3 3 0
1,8 0 3 ,3 3 0
152,289
3 17 ,325
345 ,198
152 ,588
123,294
----------- -------------------
B a l a n c e ......................................................
$66 ,780 d e f .$ 2 7 6 ,08 8 d e f. $85 8,82 9
B o n d Interest d oes n o t Inclu de all th e Interest, a " p r o p e r p r o p o r tio n
on
securities Issued fo r Im p ro v e m e n ts e x te n d in g th ro u g h several y e a rs, rrom
w h ich n o a d d itio n a l re ve n u e can b e de riv e d u n til c o m p le t io n , h a v in g ueen
ch a rg e d t o c o s t o f c o n s tr u c tio n . See V . 8 4 , p . 865 .
_
P r e s ., R a lp h P eters; T r e a s ., Jam es F . F a h n e s to ck , B r o a d b t . b t a t io n ,
P h lla .— (V . 89. p. 1411, 1483; V . 90, p . 698, 1 04 0, 1363; V . 91, p . 463 .)
LORAIN & W E S T V I R G IN I A R R. — W e llin g to n t o L o r a in , O .. 30 m iles,
w ith bran ch es, 5 m . S t o c k , $ 2 ,0 0 0 ,0 0 0 , all o u tsta n d in g , p a r $ 1 0 0 .
F or
m erly co n trolled b y W h e e lin g & L a ke E rie, b u t c o n tr o l rcllnquIished In
O ct. 1908, g u a ra n ty o f b o n d s bein g c a n ce le d . O p era ted In S e p t . 191(9 b y
receiver o f W h . & L . E. u n d e r an o p e ra tin g c o n t r a c t.
B o n d s , $ 2 ,0 0 0 ,0 0 0
a u th o rize d . C itizen s’ S av in gs & T ru s t C o. o f C le v e la n d , tr u s te e . P res.
H . W . Seam an ; S e c . and T r e a s ., J . R . N u t t .— ( V . 8 7 , p . 116 0.)
LOU ISI AN A & A R K A N S A S R Y , — O w ns fro m H o p e A rk
t o T io g a
L a ., 188.02 m iles: e x te n sio n fro m P a ck to n t o J e n a , 20 .6 4 m iles, t r a c k a g e ,
T io g a to A le x a n d r ia , L a ., 8.1 8 m iles; T io g a t o P ln e v llle . L a ., 5.02 m ., g iv e s
s e co n d en tra n ce to A le x a n d r ia ; bra n ch M ln d cn
S h r e v e p o r t ,;27.15 m .;
tra ck a g e near S h r e v e p o rt, L a ., 2.01 m .; t o t a l, 2o5 m .
R o c k Isla n d C o.
uses 36 m iles, P a ck to n , L a ., t o P ln e v llle , L a ., u n d e r tr a c k a g e c o n t r a c t.
E x te n s io n p ro p o s e d fro m J e n a , L a ., to N a tch e z , M iss., oO m iles.
S T O C K .— S to c k
(a u th o riz e d , 5 7 .0 0 0 .0 0 0 ; o u t s t a n d in g
$ 4 ,5 0 0 ,0 0 0 ;
shares, p a r , $ 1 0 0 ), o f w h ich $ 3 ,7 4 5 ,0 0 0 Is d e p o s ite d w ith the S ta n d a r d T r u s t
C o . o f N ew Y o r k .
V o tin g trustees 10 years; W illia m B u ch a n a n , E d w a r d E .
P o rte r, BenJ. F . Y o a k u m , H a r v e y E . F isk an d Charles L . P a c k .
D I V I D E N D .— 1 14% p aid se m i-a n n u a lly sin ce M arch 1906.
B O N D S .— T h e unissued first 5s (to ta l lim ited to $ 7 ,000,000 ) are reserved
fo r b e t te r m e n ts , e q u ip m e n t an d e x te n s io n s , o f w h ich $ 1 ,0 0 0 ,0 0 0 reserved
fo r b r id g e s a cross B lack an d R e d r iv e rs , and th e b a la n ce lim ite d t o $20 ,000
per m ile o f c o m p le t e d ra ilr o a d . T h e en tire a m o u n t o u ts ta n d in g , b u t n o
p a r t, Is s u b je c t t o r e d e m p tio n a t 110 an d Interest o n a n y Interest d a te .
B e g in n in g w ith S e p t. 1907 a sin k in g fu n d o f $55 ,0 0 0 p er an n u m t o b u y
b o n d s . If p o s s ib le , a t 110 a n d Interest or under; oth e rw ise t o b e In v ested .
B on ds so p u rch a se d are k e p t a liv e In th o sin kin g fu n d .
E leven
C ross
N et (after
Other
D ed u cB a la n ce,
M o n th s —
E a rn in g s.
T a x e s ).
In com e.
tion s.
ISurplus.
1 9 0 9 - 1 0 ...$ 1 ,2 0 9 ,021
$ 4 4 6,10 9
$94 ,433
$267,941
5272,691
1908-09 . . 1,0 9 3 ,9 8 9
326 ,831
8 4 ,279
225,991
1 8 5 ,111*
rwego
McConnells V.C
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Cornwall)
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town
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St. Peters o-------
Barto \
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)TRENT(
M ile s
R oad
D a te
B on d s
Par
V a lu e
L o n e Isla n d ( C o n .)— M on tau k E x t $60 0,00 0 1st M assu
U nified m ortg a g e g old call at 110__________U s m .c & r
R e fu n d m tg e $45 ,0 0 0 ,0 0 0 g o ld g u ar p & l_ E q .c * & r
D eb en tu res $16 ,5 0 0 ,0 0 0 a u th o r iz e d _________________
21
316
316
$1,000
1.000
500 A c
L e a s e d a n d C o n tr o lle d L i n e s , P r i n c i p a l o r I n t e r e s t
O uar
30
19
1895
1899
1903
1909
anteed.
1892
1885
1887
’8 6 - ’91
1906
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
L I R R N o Sh Hr con s M $1,42 5 ,0 0 0 gu p & I .C o .c *
N Y 11 & M an V 1st co n s M $ 1 ,7 2 6 ,0 0 0 g o ld g u a r .C e
N Y & R o c k B ea ch 1st M $08 4,00 0 g u ar p & I___ Ce
P P & C I 1st and 2d ($96,000 secon ds) g u ar p & 1- Lorain & W est V irgin ia— 1st M $ 2 ,0 0 0 ,0 0 0 g o l d .. c * & r
L ou isian a & A rk a n sas— S to c k $ 7 ,0 0 0 ,0 0 0 a u t h o r lz e d F lrst m ortg a ge $ 7 ,0 0 0 ,0 0 0 g o ld ( t e x t ) ............. S .c * & r
L o u isian a & N orth W e s t RR — P rio r lie n , g o l d ...............
F irst m ortg a g e $10 ,0 0 0 ,0 0 0 g o ld .......................M S t.c*
L o u isian a Ry & N av— F irst M g o ld (see t e x t ) - - F . c & r
S e c o n d m tg e g o ld $ 1 0 ,0 0 0 ,0 0 0 ,a u th o r iz e d g o l d . - . F
L ou isian a S ou th ern — 1st M g red at 105 since '0 2 -C e .c
L ou isian a W e s t e r n — F irst m o rtg a ge g o l d -------------C e .c
16
35
240
35
115
339
339
45
106
Lou 'i » v' H e nd & ES t f e u 1s— S to c k ( H 5 % p r"n on -ou m ) I I
182
First m tge $ 2 ,5 0 0 ,0 0 0 g o l d ------------------------------------ (i
L ou isville & J eff B ridge— $5 ,0 0 0 ,0 0 0 g g u p d c l e n d .c *
L ou isville & N ashville— S to c k $ 6 0 ,0 0 0 ,0 0 0 ----155
E H & N 1st M H en d t o N ash g d ra w n at 1 1 0 - -C e .c *
803
L ou isville & N ash v gen M g o ld d ra w n at 1 1 0 - -C e .c*
176
L C & L ex gen m tge g o ld (V 63, p 1 0 1 0 )............. (l.c *
45
P en sa cola D lv 1st M g o ld (draw n at 1 0 5 )-------F .c*
141
N ew Orl & M ob D lv 1st M N O t o M ob ile g - _ F .c *
141
S e co n d m ortg a ge g o ld — ................................. - - - c *
208
S ou th ea stern & St L ou is D lv first m o rtg a ge g o l d .c *
208
S e co n d M g old E ast S t L ou is t o E v a n s v & b r . . c *
First M (5 0 -y ea r 5s) $ 15 ,000 p er m ile g o l d - . - U s . c *
192
First m tge colla tera l tru st ($ 7,000,000) g o ld — F .c*
U nified m ortg a g e fo r $75 ,0 0 0 ,0 0 0 g o l d - -C e .c * & r T e x t
St L ou is p ro p e rty first m tge g o ld $ 6 5 0 . 0 0 0 . . . S S t.c
M obile & M o n tg o m e r y Joint m ortg age g o ld -------C e .c
179
160
Pen & A t first m o rtg a g e g o ld draw n a ssu m e d -------c*
a In h an ds o f p u b lic ; to ta l Issued sh ow n In left-hand colu m
R ate
%
a $3 15,0 00
5 ,6 60,000
22.40 8 ,0 0 0
6.062,951
5
4 g
4 g
4
1,000 a l , 262,000
1,000 a l , 601,000
a 88 3,00 0
1,000
1,000
436 ,000
1.000
2 ,0 0 0 ,0 0 0
100
4,50 0 ,0 0 0
1902
1,000
4,587,000
1895
1,000
100,000
1905
1,000
2,04 5 ,0 0 0
1903
1.000
8 ,1 3 1 ,0 0 0
1907
1,000
2,414,000
1897
500
250,000
1881
1,000
2 ,240,000
— ■
100
1,500,000
100
4 ,0 0 0 .0 0 0
1896
500
21500,000
4 ,500,000
1895
1,000
100 6 0 ,000.000
1879
1,265 000
1,600
1880
1,000 d 5 ,713.000
3 ,258,000
1881
1,000
298.000
1,000
1880
1,000 b 4 ,994,000
1880
1,000
1,000,000
1880
1881
3 ,5 0 0 .0 0 0
1.000
1881
1.000 S 3,000,000
1887
1,000 f l ,749,000
1888
1,000 g 4 ,705 .000
1890 1,000 A c C57,8 73.000
1,000
1891
617,000
1,000
4 ,0 0 0 ,0 0 0
1895
$1,000 Il$ 2023,000
1881
n; bala nee unde r unified m o
R E P O R T . — F or year e n d in g Jun e 30 1 9 1 0 ,In “ C h ro n icle ” O c t . 2 9 o r N o v .
Y ea r.
G ross.
N et.
Oth. I n c . Chgs & c.
D ividends. liaUince.
1909-10
$ 1 ,322,761 $ 48 7,50 3 $10 4,85 4 $295,007
$ 11 2,50 0 $ 1 8 4,85 0
1 9 0 8 -0 9 ' ‘ 1,186,400
36 0 ,6 2 9
01,557
247 ,540
112,500
92,140
P r e s ., VVm. B u ch a n a n , T e x a rk a n a , A r k .— ( V . 9 1 , p . 463 .)
L O U I S I A N A & NORTH W E S T R R. — Owns M a g n o lia , A r k ., t o N a tch i
toch es , L a ., 114.7 m iles; tra ck a g e , M agnolia t o M cN e il, 6.4 m iles.
S t o c k , $10 ,0 0 0 ,0 0 0 a u th o r iz e d , o f w hich $ 2 ,3 0 0 ,0 0 0 ou tsta n d in g ; p a r .
$100. Car trusts S e p t. 1909, $2,500. O f 1st 5s o f 1905 ($ 1 0 ,0 0 0 ,0 0 0 a u
th o r iz e d Issu e). $15 0 ,0 0 0 Is rese rv e d t o retire th e o ld b o n d s an d $1 ,5,00 0
fo r Im p rov em en ts, e q u ip m e n t, & c. V . 82, p . 628; V . 8 5 , p . 1462. F o r
ca len d a r y e a r 1909, gross, $ 31 4,36 1; n e t, $ 6 8 ,3 1 9 . P re s, a n d T r e a s ., G eo.
W . H u n ter, S t. L ou is; V .- P ., J o h n J a y N e lso n , H o m e r , L a .; S e c ., J o h n A .
R ic h a r d s o n , H o m e r , L a .— (V . 8 5 , p . 1462.)
L O U IS IA N A R Y . & N AV IGA TI ON C O — O w ns N e w O rlean s t o S h re v e
p o r t, L a ., 305 .6 m .; C o lfa x to W in fie ld , 28 m .; A le x a n d r ia to Jen a . 8 )5 m .;
PIneVtile to E m s, 7 m . S to c k a u t h ., $ 1 2 ,0 0 0 ,0 0 0 ; o u t s t ’g Ju n e 30 1910, $ 8 ,
1 31 ,000 ; par, $10 0. F irst m tg e . b o n d s (see ta b le a b o v e ) are lim ite d to
$ 1 7 ,5 0 0 ,0 0 0 to ta l Issue an d $2 3 ,0 0 0 p er m ile: $30 0 ,0 0 0 has also b een Issued
fo r a brid g e o v e r th e R e d R iv e r a t A le x a n d r ia : $ 4 ,0 0 0 ,0 0 0 Is reserved fo r
N ew O rleans term in als. See V . 77, p . 3 6 , 769 . Car trusts o u tsta n d in g
J u n e 30 1910, $3 2 8 ,6 7 2 ; loan s a n d bills p a y a b le , $ 2 0 6 ,2 8 5 .
E A R N I N G S .— 2 m o s .,1 1 9 1 0 ____________ G ross, $ 2 6 2 ,2 0 4 ; n e t, $54,601
j 1909 ________ . .. G r o s s ,
205 ,3 3 8 ; n e t, 38,833
J u ly 1 to A u g 31.
F o r y ea r en d in g Ju n e 30 1910, gross, $ 1 ,4 1 9 ,0 5 7 ; n et, $ 31 3,17 5; taxes,
$ 4 9 ,1 1 1 ; o th e r In com e, $ 6 4 ,2 1 1 ; ch a rges, $ 58 0,04 7; b a l., d e f., $25 1,77 2.
P re s ., W m . E d e n b o r n , H ib e rn ia B ld g ., N ew O rleans; A sst, to P res, an d
T r e a s ., 0 . E lle rb e , S h re v e p o rt; G en. S u p t. & S e c ., H . B . H e lm , S h re v e p o rt.
— (V . 8 4 , p . 390, 450 .)
L O U I S I A N A SOUTHERN R Y . — See this section for July 1905.
L O U I S I A N A W E S T E R N R R . — (S ee M a p o f Southern P a c i f ic .).— O w ns
fro m L a fa y e tte , L a ., to S a b in e R iv e r , 105 m iles; A b b e v ille t o E u n ice , 59 m .;
M allard J e t. to L a k e A r th u r , 34 m .; to t a l, 108 m iles.
O p erated In d e p e n d
e n tly
S ou th ern P a cific o w n s all the $ 3 ,3 6 0 ,0 0 0 s t o c k .
D iv id e n d on
s t o c k ’ ln 1905-06 a n d 1 90 6-0 7. 1 0 % ; In 190 7 -0 8 , 8 5 % ; an d In 190 8-0 9, 2 0 % .
In y e a r 190 8-0 9, g ross, $ 1 ,9 6 7 ,3 1 1 ; n e t In co m e , $91 1,34 2; su rplu s o v e r
c h a rg es , $ 7 0 9 ,0 3 8 .— (V . 74, p . 268.)
I O U I S V I L L E BRIDGE CO.— O w ns b rid g e 5.294 fe e t lo n g o v e r O hio R lv .
a t L o u is v ille , K y . , an d a b o u t 2 m iles track In L o u is v ille . U sed b y P . C . C.
<Ss S t. L . R y .. L o u ls v . & N a s h v ., & c. S u rp . earn s, re v e r t t o road s using b r ’g .
S T O C K Is $ 1 ,5 0 0 ,0 0 0 ; P en n . C o . o w n e d Jan . 1 1910, $ 9 0 0 ,3 0 0 .
D lv s.
sin ce 190 2: 1903. 1 3 % (V . 79, p. 2747; V . 78. p. 1 0 2 ): 1904. 4 % : 1905, 6 % ;
1906, 7 % ; 1907, 8 % ; 1908, 1 6 % ; 1909, 8 % .
F o r y e a r e n d in g D e c . 31 1909,
gross, $ 28 1,47 8; n e t, $10 9,17 4; o th e r In co m e , $ 4 2 ,9 0 9 ; c h a rg e s, $19 ,394 ;
d lv s . ( 8 % ) . $12 0,00 0; b a l., s u r ., $ 1 2 ,6 8 9 .— (V . 8 6 , p . 285 .)
L O U I S V I L L E HEN DERSON & ST. LOUIS RY — R O A D .— L ou isville
to H e n d e r s o n , K y ., 144 m iles (ln cl. 6 m . tr a c k a g e ); Ir v in g to n t o F o rd sv llle ,
K y ., 44 m iles: M itch ell to H a r tfo r d , K y ., 18 m iles; L . & N . tr a c k a g e , H e n
d erson , K y ., to E v a n s v ille , I n d ., 12 m .; to t a l, 218 m . L o u . & N ash. In
1904-05 a c q u ir e d $776,081 p r e f. a n d $ 1 ,6 3 1 ,3 8 5 c o m . s t o c k . V . 8 1 , p .1 1 0 0 .
E A R N I N G S .— 2 m o s .J l O iO _____________ G ross, $2 0 1 ,4 9 6 ; n et, $ 51 ,517
J u ly 1 to A u g . 31.
\ 1909________ _____G ross,
186,404; n et, 54,981
R e p o r t fo r y ea r en d in g Jun e 30 1910 In V . 91, p . 788, sh ow ed ; G ross,
$ 1 ,1 7 6 ,8 6 9 : net In com e. $ 2 9 7 ,8 7 4 ; ch arges, $ 2 0 4 ,5 7 4 ; b a l., s u r., $ 93 ,300 .
In 190 8-0 9, gross, $ 1 ,0 2 3 ,7 3 6 ; n e t, $ 2 3 8 ,7 1 8 . P r e s ., L u clc n J . Ir w in .—
(V . 91, p . 788 .)
L O U I S V I L L E & JEFFER SON VIL LE B RID OE CO.— O n e h a lf m ile lo n g ;
a p p ro a ch e s 1 m ile; 40 acres In L o u ls v . an d a b o u t 60 acres In Jelfe rso n vllle .
S t o c k , $ 1 ,4 2 5 ,0 0 0 ; m tg e . Is fo r $ 5 ,0 0 0 ,0 0 0 ; b o n d s fo r $50 0,00 0 are reserved
fo r fu tu re c o n s tr u c tio n , & c.; th e b o n d s are g u ar jo in t ly an d se ve ra lly b y the
C h esapeake & O h io a n d C levelan d C in cin n ati C h ic a g o & S t. L o u is, In w hose
In terest the s to c k Is o w n e d ; a n y d e ficit o n a c c o u n t o f th e b rid g e Is p a y a b le
b y th em In the p r o p o r tio n o f o n e -th ir d a n d t w o -th ird s r e s p e c tiv e ly — see
V . 60. p . 130; V . 61, p . 327 , 550; V . 62. p . 8 4 .— (V . 89, p . 529.)
L O U I S V I L L E & N A S H V IL L E R R .— (See M a p . ) — R O A D .— O perates
m ain lin e fro m C in cin n a ti, O ., to N ew O rleans, L a .. 921 m iles; w ith bran ch es
t o S t. L o u is , M o ., M em p h is, T e n n .. & c ., 3 ,6 6 9 m iles, m a k in g to ta l system
p r o p e r . Ju n e 30 1010, 4 ,5 9 0 m iles.
Con trol by A tla n tic Coast L i n e .— L a te In 1902 th e A tla n t ic C oa st L ine R R .
a c q u ir e d $ 3 0 ,6 0 0 ,0 0 0 o f the $ 6 0 ,0 0 0 ,0 0 0 s t o c k , b u t th e ro a d s are o p e r a te d
In d e p e n d e n tly .
V . 74. p. 830. 1038: V . 7 5 . p . 733. 1399.
R eported separately—
M ile s .
L in es ow ned absolutely or through
♦ N ashville C h a tt. & S t. L o u is ___925
capital stock—
M ile s .
L o u is v ille t o N a sh v ille_____________181 ♦G eorgia R a ilro a d s y s te m ________ 671
S u n d ry oth er lin e s _______________ 3 ,314 ♦ L o u is. H end & S t. L o u is .............182
♦Chic. In d . tc L o u isv ille__________ 616
L in e s leased, & c .—
1
♦ S ou th . & N o rth . A la . R R ..............193 O th er lin es---------------------------------. . .
O th er lin e s _________________________ 675 O w n ed b u t leased t o o th e r c o s ___ 21
O p era ted to r oth er c o m p a n ie s ___ 222 D o . P a d u ca h & M em . D lv _______ 248
♦See this c o m p a n y .
------T o t a l o f all J u ly 1 1 91 0.............7,154
T o ta l system p r o p e r ...................4,590
In Ju n e 1909 a cq u ired all th e s ecu rities o f the L ou isville & A tla n tic ,
V ersa illes, K y ., to B e a tty v llle J e t .. 101 m ., an d b r a n c h , 3 m . V . 89, p . 42.
O n O c t . 28 1909 to o k o v e r th e F r a n k fo r t & C in cin n ati R R .. F r a n k fo r t to
P a ris, K y ., 40 m iles, a ssu m in g Its $ 16 0,00 0 4 % b o n d s.
V . 8 9 , p . 1223.
D I V S .— / '9 2 . ’ 93. ’ 9 4 -’ 98. *99. ’0 0 . ’0 1 -’ 04. ’ 0 5 -’ 0 7 . 1908. ’09. 1910.
S In ce’ 0 1 % 1 4 )5
4 N one. 3 H
4 5 y ’ly . 6 y ’ ly . B e lo w . 5 )5
7
In F e b . 1908 p aid 3 % In cash a n d 1 % in L o u is v ille P r o p e r ty C o . s to c k ;
In A u g ., 2 )5 % c a sh . V . 8 6 , p. 229, 421 .
In 1910. 7 % (F & A .)
B O N D S .— T h e E van sv. H en der. & N ash v. b o n d s are draw n a t 110 b y lo t
a n n u a lly In O c t . fo r p a y m e n t D e c. 1 In a m o u n ts Increasin g each five year*
u n til $15 0 ,0 0 0 per year Is fina lly reach ed : In 1910, $11 0,00 0.
T h e P en sacola D iv is io n b o n d s are s u b je c t to a d r a w in g sin kin g fu n d $ 1 0 .
000 In 1907 an d Increasing later to $ 20 ,000 In 1909 a n d 1910.
V . 8 1 , p . 265,
726.
T h e general mortgage b o n d s o f 1880 are called a t 110 In Increasing a m o u n ts
ea ch year; $47 4,00 0 w ere p aid Jun e 1 1910. V . 9 0 , p . 849.
A m ou n t
O utstanding
W hen
P a y a b le
Last D ivid en d
and M a tu rity
P la ces W here Interest and
D ivid en d s are P a yable
1 1945
11949
11949
31 1910
U S M tge & T r C o . N Y
do
do
A m E x c h N at B k , N Y
5 g
5 g
5 g
4 Vi
4 g
3 in 1910
5 g
5 g
6 g
415 K
4 )5 g
5 g
6 g
See t e x t
Q— T O ct 1 1932
A A O O ct 1 1935
M A
s S ep t 1 1927
V a riou s 1026-1931
J
A D Ju n e 1 1958
S e m l-a n S e p t 16 1910
M & S S ep t 1 1927
A
J
J Jan 1 1945
A A o A p r 1 1935
A
J
J J u ly 1 1953
J
A
.1 J u ly 1 1957
s M ch 1 1 9 5 0
M A
A
J
J J u ly 1 1921
See te x t
U S M tge & T ru st C o,N Y
do
do
do
do
do
do
C ity S & T C o . C lev & N Y
C hecks m ailed
S ta n d a rd T r u s t C o , N Y
B o o d y , M cL & C o , N Y
T reas O ffice , S t L ou is
F a rm ers’ T ru st C o , N Y
5 g
4 g
7 In 1910
6 g
6
4 )5 g
6 g
6 g
6 g
6 g
3 g
5 g
5 g
4 g
5 g
4 )5 g
6 g
rtgage.
J
M
F
J
J
M
M
J
J
M
M
M
M
J
M
M
F
b.
B k o f A m e r , N Y & L ou is
J P M organ & C o , N Y
71 B r o a d w a y , N ew Y o r k
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
St L ou is T r C o , S t L ou is
71 B r o a d w a y , N ew Y o r k
71 B r o a d w a y , N ew Y o r k
note o n n ext pa.>.e.
J
M
M
J
A
&
&
&
A
A
A
A
&
A
A
A
tc
A
A
A
&
A
A
A
A
C.
J
s
s
D
J
s
A
U
D
N
S
J
J
s
s
N
N
J
S
S
A
e,
Jan
M ch
Mch
D ec
J u ly 1946
M ch 1 1945
A u g 10 ’ 10 3 )5
D eo 1 1919
June 1 1930
N ov 11931
M ch 1 1920
Jan 1 1930
Jan 1 1930
M ch 1 1 9 2 1
Mch 1 1980
M ay 1 1 9 3 7
N o v 1 1931
J u ly 1 1940
M ch 1 1916
S ept 1 1945
A u g 1 1921
f , g , see fo o t-
R W ln th r o p & C o , N Y
S P C o, 120 B ’ w a y , N Y
L o u isv ille . K y
In June 1890 the " u n ified ” mortgage (tru ste e , C en tral T ru st C o .) fo r $75 ,
00 0 ,0 0 0 was a u th o r iz e d , $ 4 1 ,9 1 7 ,6 6 0 b o n d s be in g reserved t o retire all prior
Hens (n on e o f the p rior liens can b e e x t e n d e d ), th e ba la n ce fo r I m p r o v e
m e n ts, e x te n sio n s (a t th e rate o f $ 32 ,000 per m ile, In clu d in g e q u ip m e n t ),
an d fo r o th e r pu rp o se s. T h e m o rtg a g e co v e rs (besid es 1,994 m iles of
r o a d an d e q u ip m e n t), $9,59;>,300 s to c k o f co m p a n ie s co n tr o lle d a n d $ 3 ,
150 ,000 b o n d s free fro m a n y Hen. See a b s tr a c t o f m o rtg a g e In V . 51, p.
613; also V . 72, p. 1034, 1188; V . 77, p. 968.
In Ju ly 1910 c o m p a n y re
p o r te d $ 6 2 ,8 4 8 ,0 0 0 o u ts ta n d in g , o f w h ich $ 4 ,9 5 8 ,0 0 0 In treasury a n d $ 1 7 ,
000 In sin k , fu n ds.
V . 81, p. 1848; V . 8 6 , p. 1344: V . 88, p. 295.
M obile & M o n tgo m ery — L ou isville A N ashville join t mortgage Is t o r $ 5 ,0 0 0 ,
000 ; $1,00 0 ,0 0 0 reserved fo r Im p ro v e m e n ts .
V . 61, p. 106, 750.
K en tu ck y Central mtge. abstract V . 45, p. 372 .
South & North A la b a m a
Improvement 5s, due Aug. 1 1936, $ 1 ,9 2 0 ,0 0 0 authorized, are owned.
L ou isville <fc N ashville Term in al 4 s .— J o in t ly g u a ra n te e d , prln . a n d In t..
b y L . & N. and N a sh v. Ch. & S t. L . See fo rm , V. 88, p. 1313.
In 1902 th e L ou isville & N ash ville a n d th e S ou th ern R y . a cq u ire d $ 9 ,7 9 8 ,
900 o f the $ 1 0 ,5 0 0 ,0 0 0 C h ic. In d ian ap olis & L o u ls v . c o m . an d $ 3 ,8 7 3 ,4 0 0 of
th e $ 5 ,0 0 0 ,0 0 0 p re f. s to c k In e x ch a n g e fo r th e ir Joint 5 0 -year 4 % b o n d s . V .
7 4 , p .1 1 3 8 ; V .7 6 , p .5 9 3 . O f th e $ 1 5 ,5 0 0 ,0 0 0 Joint b o n d s secu red b y d e p o s it
o f this s t o c k , $ 1 ,5 6 3 ,0 0 0 are reserved t o a cq u ire th e rem a in in g “ M o n o n ”
s to c k an d $ 2 ,1 1 0 ,0 0 0 fo r “ M o n o n ” Im pr’ ts, A c ., $50 0,00 0 y e a rly .
T h e A tla n ta K n o x v ille & C incinnati d iv isio n 4s ($ 5 0 ,0 0 0 ,0 0 0 au th o riz ed !
c o v e r 726 m iles. O f th e b o n d s , an equ a l a m o u n t w ill be reserved t o retire
a t m a tu rity u n d e rly in g b o n d s, v iz ., K e n tu c k y C en tral 4s, $ 6 ,7 4 2 ,0 0 0 A tla n
ta K n o x v . & N o rth , b o n d s , $ 1 ,5 0 0 ,0 0 0 . T h e line fro m L iv in g s to n t o J e lllco ,
61 m iles, Is s u b je c t to p rio r lien o f u n ified m tg e . V . 8 0 , p. 872: V . 8 4 , p .1 4 2 8 .
In J u ly 1910 $ 2 3 ,8 2 7 ,0 0 0 h ad b e e n Issued, o f w hich $ 1 0 ,2 4 5 ,0 0 0 s o ld .
F I N A N C E S .— In F e b . 1910 d lv s . o n N a sh v . C h a tt. & S t. L ou is s t o c k ,
$ 7 ,1 7 7 ,6 0 0 o w n e d (re d u ce d t o 5 % In A u g . 1008) w ere restored to 6 % .
In A u g . 1908 th e L . & N d iv id e n d ra te w as re d u ce d from 6% t o 5 %
b u t restored to 6 % In A u g . 1909 an d Increased to 7 % In F e b . 1910.
In Jan . 1909 $ 2 9 ,8 6 4 ,0 0 0 b o n d s secu rin g th e $ 2 3 ,000 ,00 0 5 -2 0 -ye a r co lla t.
tru st bo n d s w ere s o ld , th e la tte r b e in g p a id o il A pril 1 1909 an d th e $ 6 ,5 0 0 ,
000 3 -y e a r n o te s a t o r b e fo re th eir m a tu r ity M ch . 1 1910. V . 8 8 , p . 295,
452 , 1253.
E A R N I N G S .— 2 m o s .. /1 9 1 0 ______ G ross, $ 8 ,7 6 8 ,8 6 7 ; n et, $2,408,011
J u ly 1 to A u g . 3 1 .
\ 190 0---------- G ross,
7 ,9 5 0 ,2 3 5 ; n et,
3 ,0 7 0 ,0 2 7
R E P O R T .— R e p o r t fo r 1909-10, In V . 91, p . 940, 953; s e c also p . 913.
Year ending J u n e SO—
1010.
1909.
1908.
A v e ra g e m ile a g e ________________________
4,554
4,393
4 ,3 4 7
F reight e a rn in g s________________________$38 ,4 2 1 ,7 7 0 $32 ,4 6 5 ,9 6 9 $31,334,941
Passengers ____________________________ 10,796,998
10.062,535 10.590,948
3 ,2 1 4 ,6 0 5
2 ,8 9 7 ,3 8 7
2 ,6 9 4 ,3 9 2
M all, exp ress, & c ..........................
Gross earnings....... ................... - -
Operating expenses................................
N et e a r n in g s.......................
$17 ,4 4 7 ,8 0 3 $ 1 5 ,708 ,39 2 $ 1 1 ,0 2 5 ,9 9 0
N et, Inclu din g In vestm en ts, A c ---------- $ 1 9 ,302 ,39 8 $17,117 ,06 1 $ 1 2 ,346 ,65 8
T axes. .
. ______
1 ,602,632
1,437,992
1,393,760
Interest an d rent______________________
6,496,311
6,41 6 ,3 2 9
6 ,2 3 6 ,1 8 7
A d v a n c e s to S. A N . A ., A c __________
523 ,959
411 .403
C r.5 0 ,0 0 7
Sinking fu n d p a y m e n ts _______________
266 ,240
264,302
251,792
D iv id e n d s ................................ - ...................(7) 4 ,2 0 0 ,0 0 0 (5 )5 )3 3 0 0 0 0 0 (5 )5 )3 3 0 0 0 0 0
Surplus o v e r d iv id e n d s ____________ $ 6 ,2 1 3 ,2 5 6
$ 4 ,4 2 1 ,3 8 8 d f . $475,544
O F F I C E R S .— C h a irm a n , H e n r y W a lte rs , N . Y .; P re s .. M. H . Sm ith
L o u is v ille , 1st V .- P , VV. L . M apoth er; 2d V .- P .. A . W M orrlss, 71 B ’ w ay
N . Y . — ( V . 90, p . 849 ; V . 91, p . 164, 397 , 518, 940, 953, 1025.)
L Y K E N S V A L L E Y RR . & C OAL CO.— O w ns fro m M lllersb u rg, P a ., to
W lllla m 8 tow n Pa
20 m iles.
Lease to N orth ern C entral Is term in ab le on
60 d a y ’s n o tice .
R e n ta l. $3 5 ,0 0 0 p e r a n n u m .— (V . 64. p . 330.)
MACON & B IR M IN G H AM R Y — O w ns S o fk e c J e t. to La G ra n ge. G a ..
97 m iles: tra ck a ge , S o fk e c t o M a co n , G a ., 8 m iles.
V . 78, p . 584. On
F eb . 3 1908 a r e ce iv e r w as a p p o in t e d ; J o h n B . M unson Is n o w re ce iv e r.
V . 86, p . 337.
In y ear 1907-08, g ross, $ 1 4 6 ,8 8 2 : o p . d e f ., $17 ,757 ; In t., taxes a n d ren tals,
$39 ,2 2 3 ; b a l., d e f ., $ 5 6 ,9 8 0 .— ( V . 8 6 , p . 337; V . 91, p . 945.)
MACON D UBL IN & S A V A N N A H RR .— O w ns road fro m M acon to VI
d a lla , G a .. 93 m iles. S t o c k . $ 3 ,2 0 0 ,0 0 0 a u th .; o u ts ta n d in g , $ 2 ,0 4 0 ,0 0 0
(p a r $ 1 0 0 ), su b s ta n tia lly all o w n e d o r u n d er o p tio n b y S e a b o a rd A ir Line
R y ., w h ich g u a ra n te e s b o n d s , prln . an d Interest. V . 89, p . 43.
O f the
b o n d s, $60 0,00 0 a r e reserved fo r Im p ro ve m e n ts an d b e tte rm e n ts . V . 84,
p. 102, 450. F o r y e a r e n d in g Jun e 30 1910, gross, $41 8,46 4; n et, $13 7,56 8;
o th e r In c., $1,983; In t., re n ta ls, tec... $03 ,1 2 8 .
P re s., H o m e r L o r ln g , B o s
to n , M ass.; S ec. A T r e a s ., A . S. H a le .— (V . 86, p . 981.)
A1AINE CE N TR AL R R . — Line o f r o a d , P o rtla n d t o V a n c e b o r o , M e., v ia
A u gu sta , 251 m iles; b ra n ch e s . C u m b erla n d J e t. t o S k o w h e g a n , via L e w isto n ,
91 m .; B a th to L e w isto n and F a rm in g to n . 76 m .; B elfast, F o x c r o r t B u ck sm o r ta n d M t. D esert, In clu din g fe rry (7 .7 m .) , 132 m .; P o rtla n d A O g d e n s b ’ g
R y ., P o rtla n d , M e., t o L u n e n b e r g .V t ., 109 m .;s m a ll h r ., 11 m .;U p p e r C oos
and H ereford ra ilw a ys, Q u e b e c J e t ., N . H ., t o L im e R id g e , Q u e b e c, 108 m .;
P ortlan d A: R u m fo r d Falls s y s te m , 104 m .; B ath t o R o c k la n d (In clu d in g
steam fe rr y , 6-10 m .) , 49 m .; t o ta l, Jun e 30 191 0, 032 m iles, o f w h ich 400
o w n e d . 499 o p e ra te d un d er 9 9 9 -y ca r leases an d p r a c tic a lly o w n e d , 33 m .
under 5 0 -yea r leases and 8 m . ferry lines.
In Jun e 1910 R a n g e le y Lakes A M egantlo R R . w as In co rp o ra te d b y the
sam e Interests w ith $ 10 0,00 0 a u th . s t o c k , t o build fro m O q u o s s o c , M e.,
term inus o f R u m fo r d Falls bra n ch , t o C anadian b o rd e r, 30 m iles.
In Jan . 1904 th e e n tire s to c k o f th e W a sh in g to n C o u n ty R y ., 139 m iles,
was p u rch a se d . Its 3 14 % b o n d s (see ta b le a b o v e ) bein g g u a r ., n rln .a n d In t.,
b y e n d .; b u t road Is o p e r . s e p a ra te ly . V . 78, p . 1 0 3 ,8 2 0 , 989; V . 7 0 . p .2 6 4 0 .
In A p ril 1907 c o n tr o l o f S o m e rse t R y ., O a k la n d t o K ln e o S t a t io n , M e .,
and b r a n c h , t o t a l. 94 m iles, w as a c q u ir e d . V . 8 4 , p . 8 0 4 , 1183.
In S ep t. 1910 p urchased th e S o b a s tlc o o k A M oose h e a d , P itts fie ld . Me ,
to Main S tream , 15 m iles.
V 91, p. 717, 1096.
R A IL R O A D C O M P A N IE S
[ F o r a b b r e v ia tio n s , & c . , s e e n o te s o n fir s t p a c e ]
M ile s
R oad
D a te
B onds
L o u & N (C on )— H e n d B r C o 1st M g d r 1 0 5 --C e .c
10 1881
N a s h v F lo r A She ff 1st M g a ssu m e d In 1 9 0 0 . . . Ce.c
105 1887
P a d u c a h & M e m d lv 1st M , $5,000,000 g o ld - A la . c *
254 1896
So u A N o r A la C o n M (tor $10,000,000) g g u . C e . c *
192 1886
N e w p A C ln B r 1st M g s t a ssu m gu b y P e n n C o . . F
1895
L & N - S o J’t M $7,750,000 red 105 since ’0 7 . S . c * A r
1902
K e n t u c k y C e n tra l 1st M ($7,000,000) g o ld - - M p . c *
247 1887
A t la n t a K n o x v ille & N o rth e rn first m tge g o l d - - . C e
228 1896
C o n so lid a te d m o rtg a g e go ld $10,000 per m ile . . U s
228 1902
L A N — A t l K n o x & C D l v M $50,000,000. U s .c * A r
726 1905
L A N T e rm M $3,000,000 go ld g u a r j o in t ly . - M a c *
1902
L o u is v ille N e w A lb a n y & C h ic a g o — See C h ic a g o In d ia nap oil s & L o
L y k e n s V a lle y — S to c k , R e n t a l p a y s 5 % .................
19
M a c o n & B ir m in g h a m — 1st M $500,000 g o ld __ O B .c
97 1896
M a c o n D u b lin & S a v — l s t M $ l , 8 4 0 . 0 0 0 g g u p & l . N . c *
93 1907
M a in e C e n tra l— S t o c k a n d scrip ($12,000,000)_______
F ir s t co n solid a te d mort-1 ($269,500 are 5 s )........ c & r l 304 /1872
gage, $9,000,000------ /($ 3,26 5,5 00 are 4 s ) . . . c & r r
11872
C o lla te ra l tru st b o n d s for M t D esert B r a n c h ._ A B . c
41 1883
Im p ro v e m e n t b o n d s " A ” A “ B ” n o t m o rtg a g e s f . .
’8 6 - ’87
M a in e C e n tra l E u r & N o A m re fu n d in g m tge g o l d . .
56 1893
N o te s $2,000,000............. .............. ........................
1909
N o te s $5,000,000___________ ________ ____________
1910
F ir s t m tge P e n o b sc o t Sho re L in e R R C o a ssu m e d . .
48 1890
48 1891
K A L second m tge (for $400,000) a ssu m e d . . B B
E u ro p e a n & N o r A m e r sto c k 5 % re n tal 999 y e a r s . .
120 ____
P o rtla n d A O g d e n sb u rg sto c k ( 2 % re n tal 999 years)
109 ____
109 1908
F ir s t M . gu a r, p rln a n d ln t end. V . 86, p. 1285.
17
D e x te r A P is c a ta q u is sto c k 5 % re n tal 999 y e a r s—
F ir s t m tge D e x te r to D o v e r & c g u a r b y e n d __ B B
17 1889
H e re fo rd R y sto c k (re n tal 999 y e a r s)......................
53
F ir s t m o rtg a g e gu a ran te e d p rln A ln t (e n do rsed ).
53 1890
U p p e r C o os R R sto c k 6 % ren tal 999 y e a r s________
55
F ir s t m o rtg a g e gu a ran te e d p rln A ln t (e n d o rse d ).
22 1890
E x te n sio n M $21,000 p m gu a ran te e d p A 1 (end)
33 1890
D e x te r A N e w p o rt sto c k 5 % ............. .......... ..........
14
F ir s t M (o ld 6s refu n d ed In 1897) g u a r p A 1 end c*
14 1897
E a s t M a in e s t k 4 H % re n tal 999 y e a r s ____________
19 —
c A ls o $4,975,000 In treas. o r In s in k in g fu n d s.
t $15,000.
g $424,000.
h $19,000.
i $671,000.
Par
V a lu e
Am ount
O u ts ta n d in g
R a te
%
$1,000 $1,181,000
6 g
1,000
1.996,000
5 g
1,000 r4 ,619,000
4 g
1,000
7,292,000
5 g
1,400,000
1,000
4K g
4 g
1,000 A c n5,882,500
4 g
1,000 j6 ,705,000
999,000
5 g
1,000
500,000
4 g
1,000
4 g
1,000 & c z lO .245,000
2,500,000
4 g
1,000
u lsvllle.
20
600.000 5 In 1910
500,000
5 g
1,000
1,240,000
5 g
1,000
4,984,700 8 In 1910
100
5 & 7
4,193,500
100 & c
4.790,500 4 A 4 1 *
100 A c
669,000
5
1,000
1,000
450,000
41*
1,000
1,000,000
4 g
1,000 A c
2,000,000
4
1,000 & c
5,000,000
41*
1,000
1,300,000
4
1,000
400,000
5
100
5
2,494,100
100
2
4,392,538
2,119.000
1,000
41*
100
5
122,000
1,000
175,000
4
100
4
800,000
800,000
4
1,000
350,000
6
100
500 Ac
4
350,000
500 &c
693,000
41*
122,000
5
100
4
1,000
175,000
200,000
41*
100
W h en
P a y a b le
M
F
F
F
J
A
A
A
A
A
J
J
M
M
J
A
A
A
A
A
P
3—
A
A
Q—
A
A
A
A
A
J
A
J
J
A
.)—
A A
A
F
A
F
A A
Q -- F
M A
A
J
T A
M A
M A
M A
M A
M A
A
J
M A
M A
J
J
S
A
A
A
J
J
D
S
N
D
L a s t D iv i d e n d
a n d M a tu r ity
Sept
Aug
Feb
Aug
J u ly
J u ly
J u ly
Dec
M ch
M ay
D eo
71 B r o a d w a y , N e w Y o r k
do
do
do
do
do
do
do
do
J P M o rga n A Co, N Y
71 B r o a d w a y , N e w Y o r k
do
do
do
do
do
do
1 1931
1 1937
1 1946
11 9 3 6
1 1945
1 1952
1 1987
1 1946
1 2002
1 1955
1 1952
J
P l a c e s W h e r e I n te r e s t and
D iv i d e n d s a r e P a y a b l e
O c t 1 1910 l h
J J u ly 1 1946
J Jan 1 1947
J
O c t 1 1910 2 %
° l 1A p r 1 1912
O f ( A p r 11 9 1 2
1) June 1 1923
.1 J u ly 1916-1917
J J an 1 1933
A p r il 1 1914
J
0 A p r il 1 1912
A A u g 11920
A F e b 1 1921
() O ct 15 1910 2 H
28 A u g 31 ’10, 1 * %
N N o v 1 1028
J J u ly 1910 2 1 * %
J J u ly 1 1929
N N o v 1910
2%
N M a y 1 1930
N N o v 1910
3%
N M a y 1 1930
N M a y 1 1930
.1 J u ly 1910 2 1 * %
S S e p t 1 1917
N N o v 1910 2 M %
Office, 13 W illia m S t , N Y
N o co u p on s ever p a id
New Y o rk T ru st Co, N Y
Office, P o r tla n d , M e
N Y , B o sto n & P o rtla n d
do
do
A m e ric a n T r u s t, B o sto n
N Y , B o sto n A P o r tla n d
do
do
do
do
do
do
do
do
do
do
T re as. o ffic e ,B a n g o r, Me.
M a in e C e n t Off, P o rtla n d
N Y , B o sto n & P o rtla n d
O ffice, D o v e r , M e
B o s Sa fe D e p A T r Co
T re as. office, P o r tla n d
N Y , B o s t o n A P o rtla n d
Office, P o r tla n d , M e
N Y , B o sto n A P o r tla n d
do
do
T re asu re r's office, P o r t l’d
N Y , B o sto n A P o r tla n d
Office. R o c k la n d . Me
A d d ’l am ts. ow ned b y Co. Se p t 1910, viz.: b $6,000. d $24,000.
See text.
I $37, 000. n $31,000. r$217 ,000 s $2,000 z$13,582, 000. P C o u p o n s
S T O C K . — S t o c k fo r $2,516,000 ow ned b y B o sto n & M a in e . V . 72, p. 938.
D I V I D E N D S . — 1884 to J u ly 1903, 0 % yea rly ; O c t. 1903 to J u ly 1907,
7 % ; O c t., 1907, to O c t. 1910, 8 % y e a r ly (Q .-J .).
B O N D S . — T h ere are a lso $81,000 M a in e Sh o re L in e 6s assu m ed , d ue 1923!
a lso $75,500 B e lfa s t A M o o se h e a d L a k e m tge . b o n d s, due 1920, n o t g u a r
anteed, In te re st a n d s in k in g f u n d p a id o u t of rental; A n d . A K e n . sto c k
b o n d s, $11,000, e x ch a n ge a b le tor M . C . stock; M a in e C e n tra l In tere st scrip
e x ch a n ge a b le for co nsol, b o n d s, $8,192. J o in tly w ith B . A M . gu a ran tees
$300,000 P o r tla n d U n io n S t a t io n b on d s.
I n 1909 so ld $2,000,000 4 % 5-year notes a n d In M c h . 1910 $5,000,000
4 > * % 2 -y car notes. V . 88, p. 686; V . 90, p. 849.
E A R N I N G S . — 2 m o s . ,11910............. G ross, $1,619,133; net, $466,187
\ 1909............. G ross,
1,641,604; net,
652,364
it. J u ly 1 to A u g . 31.
rA N N U A L R E P O R T . — R e p o r t fo r 1909-10 w as In V . 91, p. 788.
Y e a r e n d in g
1910.
1909.
Y e a r e n d in g
1909.
1910.
J u n e 30— ■
$
$
J u n e 30—
5
5
G ro ss e a r n in g s ..8,922,312 8,337,724
D ed u ct—
398,152
N e t In c o m e ......... 2,544,783 2,269,437 D iv id e n d s ( 8 % ) . 398,152
D ed u ct—
76,423
76,024
H ir e of e q u lp ’t . .
I n t e r e s t ............ 754,210
665,106 S ln k ln g f u n d . . .
13,440
13,440
113,733
R e n t s ................ 902,153
900,619 A d d it io n s , & c ._ 217,488
L e a se d line lm p ’ts
i d (rentals) ------ 136,468
.............
3 B a lan ce , su r p lu s ........................ ..............................
46,847
101,964
P resid en t, C h arle s S. M e lle n .— (V . 91. p. 717, 788, 1096.)
MANCHESTER & LAWRENCE R R — O w n s fro m M a n ch e ste r, N . H., to
M e th u e n (S ta te L in e ) , 22 X m iles.
Leased for 50 y ears from Sep t. 1 1887 to
B o sto n A M a in e a t rental p a y in g 1 0 % d lv .
I n 1895 a d lv . of 5 0 % p a id fro m
proceeds of C . A M . su it.— (V . 73, p. 1264.)
MANHATTAN RY. (ELEVATED).— (S ee M a p Interborough R apid T ra n
sit C o .) — Owns all the elevated railroads In boroughs of Manhattan and the
Bronx, N .Y. City, main line and branches, 37H miles, double-tracked, with
42 1* miles additional third track, sidings, Ac.; total track, 118 miles; 3d
rail electric. V. 70. p. 176, 633; V. 75, p. 733.
LEASE.— The Interborough Rapid Transit Co. leases the road for 909
D I R E C T O R S A N D O F F I C E R S . — H o ra ce L . H ig g in s (Pres, a n d G en .
M g r . ), M a n ila ; J. G . M etcalfe (V .- P .) , D a v id D . D a v is (2d V . - P . ) , A le x .
A m e n d , D . P . B e n n e tt, C h as. A . C o n a n t, R ic h a r d Sc h u ste r, W a d e G a r d ’ner,
J. G . M llb u r n , N e w Y o r k ; F r a n k M c In t y r e a n d P a u l C h a rlto n , B u re a u of
In s u la r A ffa irs, W a sh in g t o n , D . C.; E . M . H eb e rd , N e w Y o r k , is Seo. a n d
T re as., a n d H a r d in g W . D u n n e tt, M a n ila , A s s t . Sec.
N . Y . office, 45
N a ss a u S t . — ( V . 91, p. 1025.)
MANISTEE & GRAND RAPIDS RR., MANISTEE & N. E. RR. a n d
MANISTIQUE & LAKE SUPERIOR — See page 165.
MANISTIQUE RY.— V. 91, p. 519, 946.
MANITOU & PIK E’ S PEAK R Y — Seo page 165.
MARIETTA COLUMBUS & CLEVELAND RR.— R e c e iv e r d isch arge d
S e p t. 1909, c o m p a n y re su m in g possession .
V . 89, p. 593, 1542.
MARSHALL & EAST T EX AS RY.— See page 165.
MARYLAND DELAWARE & VIRGINIA RY.— See page 165.
MARYLAND & PENNSYLVANIA RR.— B a ltim o re , M d .. to Y o r k . P a .;
80 m iles, w ith b ran ch, D e lt a to P each B o tto m , 4 m .
V . 72, p. 339. I n
A p r il 1910 o b tain e d the r ig h t to b u ild to tidew ater. V . 90, p. 1171.
S T O C K A N D B O N D S . — S to c k au tho rized , $3,600,000, o f w h ic h $1,997,
500 reserved fo r fu tu re requirem ents. I n 1902 the au thorized Issue of the
first 4s w a s reduced fro m $2,700,000 to $1,200,000, of w h ich $203,000 are
reserved to retire the Y o r k a n d P e ac h B o tto m 5s an d $100,000 a d d i
tio n a l for fu tu re purposes, A c.
V . 74, p. 94. 427; V . 79, p. 2205. M a r y
la n d & P e n n s y lv a n ia T e rm in a l gu aran teed b on d s, V . 82, p. 1041, 1102.
E q u ip m e n t notes D ec. 31 1909, $30,000. P a id on In com es 1901, 3 % ; since
to A p r il lo lO , In clu siv e , 4 % yearly.
E A R N I N G S . — 9 m o s . ,(1 909-10_______G ro ss, $302,731; net, $88,071
J u ly 1 to M c h . 31. \1 9 0 8 -0 9 _______G ro ss,
276,994; net, 87,319
R E P O R T . — F o r ye a r en d in g D e c. 31 1909, gross, $399,720; other Incom e,
$1,895; net, $124,767; ln t. on b o n d s, A c., $106,564; b a l., su r., $18,203.
Pres., J o h n W ils o n B r o w n .— (V . 86, p. 421; V . 88, p. 506, 1171.)
MASON CITY & FI\ DODGE RR.— ( S e e M a p C h ic a g o G rea t W e s t e r n . ) —
O w n s road fro m O elw eln, la ., to C o u n c il B lu ffs, 259 m iles; H a y fle ld , M in n .,
to C la rio n , Io w a , 100 m iles; b ra n ch es to L e h ig h a n d C o alv ille , Io w a ,
19 m iles- track ag e , C o u n c il B lu ffs to S o u t h O m a h a , 8 m iles; to ta l, 386 m iles.
ears
from
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.
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,
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.
r202, 1302; V. 76, p. 212; V. 79. p. 2456; also Interborough Rapid Transit T h e C h ic a go G re a t W este rn o w n s entire o u tsta n d in g com . sto c k ($13,205,
400 of the a u th . $20,000,000) a n d the n on -cu m . 4 % pref. sto c k ($13,635,752
Co., V. 76. p. 101. Guaranty, V. 76, p. 480.
of the $14,000,000 a u th .). a n d operates the road a s p a r t of Its m a in line to
B O N D S . — C o n so ls bey on d $40,000,000 m a y bo Issued fo r ex ten sion s a t
O m a h a , u n d e r a 100-year agreem ent d ated A p r il 30 1901, a n d later m odified,
$300,000 per m ile of sin gle a n d $600,000 per m ile of d o u b le track .
O f the the M . C. A F t . D . re c e iv in g 6 0 % o f a ll e a rn in gs fro m bu sin ess In terchan ged .
b on d s, $11,712,000 are tax -e xe m p t.
(See a b str a c t of m tge . In V . 51,
A n y su rp lu s o f net e a rn in gs a fter p a y m e n t of In terest on b o n d s a n d pref.
p.1248, a n d co m p a re V . 87, p. 285.)
s t o c k Is to be held In tru st b y
W . fo r p a y m e n t of fu tu re co u p o n s.
T o M a y 1898 c la im s a g g r e g a tin g $8,847,854 h a d been p a id a s d am a ge s to
T h is su rp lu s on Ju n e 30 1909 a m o u n te d to $1,069,714, a red u ction of $105,
a b u tt in g p rope rty .
I n J an . 1907 fran ch ise tax es for 1900 to 1905 ($3,170,
927 In 1908-09.
I n 1905 $12,000,000 4 % b o n d s were so ld . C o m p a re C h ic.
142) were p a id an d In 1909 those fo r '06 to '08 ($1,706,403). V . 89, p. 42.
G re a t W e ste rn R y . a n d V . 73, p. 566, 616, 722; V . 77, p. 640; V . 78, p. 1782
V . 80, p. 2621.
„ „
D IV ID E N D S .
1 ’89, ’90-’96. '97. '98. '99. '00. '01. ’02. ’03. S in ce.
E A R N I N G S . — 12 m o s.,/1 9 0 8 -0 9 ......... G ross, $1,919,966; net, $571,472
Sin ce 1888........... % J 5 j * 6 y e a rly 4 1 * 4
4
4
4
4 7 M 7 y e a rly
J u ly 1 to Ju n e 30.
\l9 0 7 -0 8 ......... G ro ss, 1,796,144; net, 594,352
R E P O R T . — F o r y e a r en d in g J u n e 30 1910 (V . 91, p. 714):
R e p o r t fo r y e a r 1906-07 in V . 85, p. 1030. I n 1907-08, gross, $1,796,144:
Y ear ending J u n e 30—
1909-10.
1908-09.
I n c . o r D ec .
net, $594,352; charges, $640,577; bal., def., $46,225. L a te r ea rn in gs In
G ro ss o p e ra tin g re ven ue.................... .$15,055,142 $14,333,393 + $ 7 2 1 ,7 4 9
cluded In those of C. G . W . sy ste m .— (V . 88, p. 1437.)
N e t, a fter ta x e s...... ....................
7,273,307
6,400,359 + 8 7 2 .9 4 8
MASSAWIPPI VALLEY R Y . — P ro v in c e L in e to L e n o x v llle , Q u e., 34
G ro ss In c o m e ._____________
7,298,942
6,424,888 + 8 7 4 ,0 5 4
m iles, w ith b ra n ch . 3 m .; track age to She rb rooke , Q ue., 3 m .; total, 40 m .
In te re st a n d ren tal received __________
1,657,754
1,645,350
+ 1 2 ,4 0 4
L eased for 999 y e a rs from J u ly 1 1870 to the C o nn e cticu t A P a ssu m p slo
D iv id e n d s , 7 % ...................................
4,200,000
4,200,000
........
R iv e r s R R .
S to c k , $800,000; pa r of shares, $100; d iv id e n d s p a y a b le F e b .
a n d A u g . 1. D iv id e n d s , form e rly 5 % . 6 % since J an . 1 ’97. O f the sto c k ,
B a lan ce , su r p lu s ----------------------------- $1,441,188
$579,538 + $ 8 6 1 ,6 5 0
$400,000 o w n e d b y the C o n n . A P ass. R iv e r Is deposited u n d er Its m tge . an d
— (V . 87, p. 37, 285, 1301; V 89, p. 42, 1280; V . 91, p. 94.)
represented b y C o n n e ctic u t T r u s t & Sa fe D e p o s it C o . of H a r tf o r d
MANILA RR. — (G auge, 3 f t. 6 i n .)— T h is co., o rgan ized In N e w Jersey $50,000
5 % tru st certificates w a s p u rch ased F eb . 1 1910 u n d er It s o p tio n a t p a r.
In 1906, h a s taken o v e r a n d Is o p e ra tin g the o n ly stea m road o n the Is la n d
of L u z o n , P h ilip p in e Is la n d s , b ein g the 208 m iles of ro a d p re v io u sly ow ned
McCLOUD RIVER RR.— O w n s from Sisson , C a l., to M c G a v lo . 60.6 m iles.
b y the form e r (E n g lis h ) M a n ila R y . C o., a n d , h a v in g ob tain ed a d d itio n a l
S to c k , $1,200,000.
B o n d s ($1,200,000 a u th .), M e rca n tile T r u s t C o ., San
concessions, Is la rg e ly e x te n d in g the sy ste m (V . 88, p. 1313; V , 91, p. 215;
F ra n cisco , m o rtg a g e trustee. V . 85, p. 1005. I n C a l. y ea r 1909, gross,
V . 83, p. 1348). T h e islan d n a m e d h a s a n area of 40,969 sq . m ile s a n d a
$427,155; net, $202,849. F o r year en d in g Ju n e 30 1909, gross, $427,089:
p o p u la tio n , la st census, of 3,798,000.
net. $160,933; ln t., taxes, A c.. $151,093: b al., su r., $9,840. Pres, a n d
T o ta l lin es a utho rized , 820 m iles, v iz.: (1) "N o r t h e r n L in e s,” to com prise
G en. M g r ., J . I I . Q u eal, S a n F ra n cisco , C a l.— (V . 85, p. 1005.)
a b o u t 350 m iles n o rth of M a n ila ; (2) the "S o u th e r n L in e s ,” 470 m iles, a ll
MEADVILLE CONNEAUT LAKE & LINESVILLE.— M e a d v llle to
b u t a b o u t 20 m iles to the so u th of M a n ila , a n d a P o r t L in e In M a n ila co n
Lln e8 vlllo, P a . , 20.5 m ile s,a n d branches, 1.2m iles; t o t a l, 21.7 m lles. Leased
n e ctin g w ith the G o ve rn m e n t w h a rv e s a n d w arehouses. I n ope ration A u g .
to Ju n e 8 1990 to P it t s b u r g h Bessem er A L a k e E r ie R R . ; ren tal, 2 5 % of
1910, 286 m iles of N o rth e rn L in e s a n d 70 m iles of S o u th e rn L in e s.
T h e tw o
gro ss e a rn in gs. S to c k , $200,000; par, $50.
sy ste m s (a n d their a ccoun ts) are required to be ke p t d istin c t, a s If ow ned b y
MEMPHIS DALLAS & GULF R R . — O w n s fro m M u rfreesb o ro, A r k .,
se parate co m p a n ie s, b u t u n d er the sam e m an a ge m e n t. T h e S p e ye rs are
so u th w est to A sh d o w n , 41 m iles; ex ten sion s propo sed n orth to M e m p h is,
fin a n cin g the enterprise.
T e n n ., 255 m iles, a n d so u th to D a lla s, T e x ., 186 m iles. I n J u n e 1910 a c
O f the sto c k , $3,652,800 7 % cu m . pref. a n d $2,130,700 co m m on , a ll b u t
q u ired the U lt im a T h u le A r k a d e lp h la A M ississip p i R R . , D ale v llle , A r k ., to
d ire cto rs’ sh ares are held b y the M a n ila R y . (1906), L t d . (see b elow ).
S p a r k m a n , a n d the A n to in e V a lle y , G r a y s o n la to M c L e o d , A r k ., t o ta l,28 m .
B O N D S . — T h e M a n ila R R . (S o u th e rn L in e s) 1st g o ld 4s of 1909, g u a r
S to c k a u tho rized , $7,875,000, a s increased J u ly 1910; p a r $100; o u tsta n d
an tee d a s to In terest b y the P h ilip p in e G o v e rn m e n t un d er A c t of U . S . C o n
in g Se p t. 1910, $640,000. S to ck h o ld e rs In M a y 1910 au th o riz ed a m tge.
gress, are lim ite d to $30,000,000. of w h ic h $2,000,000 were so ld a n d offered
to secure $6,260,000 30 -year 5 % b o n d s to extend ro a d . V . 90, p. 1239. O f
b y S p e ye r A C o. In J u ly 1910. T h e y are Issu a b le u p to the cost of ro a d a n d
the $640,000 6s, the $420,000 so ld are gu a r., p. & I., b y the N a sh v ille (A rk .)
e q u ip m e n t co nstructe d or a cqu ired p rio r to the su p p le m e n ta ry g r a n t of
L u m b e r Co.
L o a n s a n d b ills p a y a b le Ju n e 30 1910, $35,955; c o n stru c tio n
1909 a n d to 9 5 % of cost su b sequ en t thereto. T h e b o n d s are redeem able
notes, $186,841.
a s a w hole a t a n y tim e a t 110 or b y lo t for a s in k in g fu n d of 1* of 1 % y e a rly
F o r year en d in g Ju n e 30 1910 (average 44 m iles), gross, $149,469; net,
from M a y 1 1919 to A p r . 30 1928 a n d 1 % y e a rly thereafter. V . 91, p. 215,
$42,882; other Incom e, $16,791; lnt. a n d rentals, $42,483; bal.,sur., $17,190.
276, 717.
Pres., W . W . B ro w n , C a m d e n , A r k .; Sec., J. W . B is h o p , N a sh v ille , A r k .;
A ll the o u t st a n d in g b o n d s on the N orthern L in es (see tab le a b o v e ), n a m e ly
T re as., W . E . B a r k m a n , A r k a d e lp h la , A r k . — (V . 91, p. 154.)
$4,330,000 1st M . 6 % b o n d s a n d $7,716,000 2d M . 7 % b on d s, a s w ell a s a ll
MEMPHIS UNION STATION CO.— T o o w n u n io n p asse n ger sta tio n a t
the sto c k heretofore issued b y the M a n ila R R . Co. (e xceptin g sh ares to
M e m p h is, T e n n ., to be used b y L o u ls v . A N a s h v ., N a s h v . C h a t t. A S t . L .,
q u a lify d irectors), are ow ned b y the M a n ila R y . C o . (1906), L t d . (an E n g
S o u th e rn R y . , S t. L . Ir o n M t . A So. a n d S t. L o u is So u th w e ste rn . In te re st
lish co. w hose a u th . ca p ita l Is £2,000,000 In 5 % n on -cu m . preference shares,
ch a rge s a n d expenses are to be ap p o rtio n e d a m o n g the lines o n the user
a ll out, a n d £2,000,000 In o rd in a ry shares, of w hich £399,270 Is o u t ),
basis. S to c k , $100,000. I n N o v . 1909 m ad e a m tge. to the B a n k e rs '
a n d are d eposited w it h the M e r c h a n ts’ T r u s t C o., L td ., a s co llateral for the
T r u s t Co. of N . Y . , a s trustee, to secure a n Issue of $3,000,000 50-yr. 4 %
b o n d s Issued b y the M a n ila R y . Co. (1906), L td .: (a) £2,000,000 4 % " A ”
g o ld b o n d s d u e N o v . 1 1959, gu a r, jo in t ly b y 5 ro a d s nam ed , o f w hich $2,
deben ture b on d s, due J a n . 15 1956 (m a y be Increased b y £250,000); a n d
000,000 Is pled ged to secure a n Issue of $1,500,000 gu a r. 2-yr. 5 % notes
(b) su b ject to the p rio r lien of sa id " A ” debentures fo r £1,880,000 4 % " B ”
deben ture b on d s, due A p r il 15 1956, to ta l a u th . Issue £2,000,000 (w hich
w hich h a v e been so ld (see tab le a b o v e ). V . 89, p. 1411; V . 9 0 . 2 3 6 ;
m a y be Increased b y £250,000). V . 87, p. 1661 V . 88, p. 1197; V . 90, p. 303.
V . 91, p. 94; V . 89. p. 1542.— (V , 90, p. 236; V . 91, p. 94.)
C. <5.
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R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
M ile s
D a te
Road B on d s
M a in e C e n t (C on) — W a s h C o 1st M p m go ld g u a r re d .
139 1904
S o m e rse t R y n otes $1,500,000 g u a r prln A ln t ____
1907
P o r tla n d U n io n S t a t io n series " A ” & “ B ” (text) s 1
. . . ’8 7 -’89
P o r tla n d A R u m lo r d F a lls R R — See th at c o m p a n y
M a n c h e s te r & Law ren ce— S t k 1 0 % rent till ’37 B A M
22
R e a l esta te b o n d s (n o t m ortgage ) ln t gu b y B & M . c
1892
M a n h a t t a n (E le vate d ) R y , N Y — S to c k $8 0,00 0,000 -.
37
N Y E le v debentures secured b y cons m tge of 1800..
32 1886
M a n h a t t a n E le v cons (now 1st) m tge g o ld . . C e . c * & r
37 1890
1909
M a n ila R R — 1st M S o u L in e s g ln t g u s f red llO F c * A r *
1907
1st M o n “ N o r L in e s” (2d on S o u ) $7,500,000 a u .C e
1907
2d M o n " N o r L in e s” (3d on So u ) $12,500,000 a u . N
68 1909
M a n is tiq u e & L a k e Su p — I n c M 4 % n-c $1,300,000 au
M a n is t & N E — 1st M g due p a rt y ’ly red t e x t . - A C . c *
165 1909
9 1908
M a n it o u & P ik e ’s P e ak R y — 1st M $500,000 g . . . F c *
44 1890
M a rie tta C o lu m b u s & C leve— F ir st M $250,000 g __ K
71 1905
M d Del & V a — 1st M $2,000,000 a u th g o ld g u a r p A I
40 1882
M a r y la n d & P e n n sy lv a n ia — Y o r k A Peach B o tt o m M
80 1901
F ir s t m o rtg a ge $1,200,000 g o ld call a t 1 0 5 -M e B a .c *
80 1901
In c o m e m o rtg a ge $000,000 4 % cu m ca ll a t p a r . M B o
__
1906
M a r y la n d A P a T e r 1st M $200,000 g g u p & 1 red 110
378 1905
M a so n C it y & F t D o d g e — 1st M $12,000,000 g . C e . c A r
37
M a s s a w ip p i— S to c k g u a r sa m e d lv a s C o n n A P a s s —
1907
M c C lo u d R iv e r — F ir s t m o rtg a ge $1,200,000_________
22 1891
M e a d v ille C o n n e au t L ak e & L in c sv ille — F ir s t m t g e —
1910
M e m p h is D a lla s & G u lf— F irst m tge $0,260,000 g o ld .
’08-’09
M e m P a ris A G u lf— 1st M go ld red 103 begin 1 0 1 0 ..
1909
M e m p h is U n S t a — C o ll notes red b eg M a y 1910 .L in e *
. . . 1905
M e rid ia n T e rm in a l— F irst m tge $250,000 g g u . S e * A r
M e x ica n C e n tra l— See N a tio n a l R a ilw a y s o f M e x ico
M e x ic a n In te rn a tio n a l— See N a t io n a l R a ilw a y s of M e x Ico
16 1899
M e x ic a n M in e r a l— 1st M $500,000 g red 110 s f ___ M o
M e x ic a n N o rth e rn — S to c k , $3,000,000............. ..........
F ir s t M U S go ld , red 105, s f ------------------------G c ' f a
83 1890
M e x ic a n R a ilw a y L im it e d — O r d in a r y sh are s.............
F irst preference stoc k 8 % ............. ................. .......
Secon d preference stock 6 % ............................. .....
P e rp e tu al 6 % debenture s t o c k ___________________
361
2d d ebens £1,000.000 a u th red par b eg 1912 s f ____
1909
1909
M e x ic o N o rth W e ste rn — 1st M go ld red t e x t________
a E x c lu s iv e of $952,000 held b y sin k in g fu n d,
b $1 0.000 adrtltlo
Par
V a lu e
$1,000
1,000
1,000
$2,500,000
1,500,000
300.000
100
1,000
100
1,000
1,000 A c
1,000 A c
1,000,000
274,000
60,000,000
1.000,000
39,777,000
2,000,000
See text
1,000
1,000
1,000
1,000
1,000
50 A c
1,000
1,000
1.000
1,000
100
1,0 10
1,000
1,100,000
1,500,000
500,000
250.000
2,000,000
202,450
897,000
900,000
200,000
12,000,000
800,000
1,200.000
200,000
Not e S e p ’ 10
1,000
640,000
1,000
1,500,000
1,000 A c
250,000
R ate
%
W hen
P a ya b le
314 g J
5
J
4
J
10
4
7
5
4 g
4 g
6
7
U p to 4
5 g
5 g
5 g
5 g
5
4 g
4 In 1909
5 g
4 g
6
5
5
l*
6 g
5
4 g
b340,000
o
6 *
166
3,000,000 See
text
1,000
a7 >8,000
6 g
£10 £2.254,720
£10 £2,554,100 8 in 1916
£10 £1.011,960 4 7 - 1 6 ’10
£10 £2,000,000
6
£■ >00 000
£ 10 0
4H
£100 £3.632.600
5 g
nnl In sin king fund
MERIDIAN TERM INAL C O .— O w n s passe n ger s t a t lo n a t M e rid ia n , M iss,
opened Se p t. 1 1906. an d used b y the S o u th e rn R y ., M ob ile A O h io , New
O rle a n s A N o rth e aste rn R R . . A la b a m a A V ic k s b u r g and A la b a m a Great
So u th e rn , w hich ow n one-(lfth each of the ca p ita l sto c k ($100,000 auth.,
of w hich $89,000 Issued Se p t. 1908) a n d gu aran tee the b o n d s jo in tly an d
se v e ra lly b y endorsem ent; form , V . 85. p. 601. P res., D . D . C u rra n ; Sec,.
W . J. K e lle h c r.— (V . 85. p. 601, 1402.)
MEXICAN INTERNAT. R R — M erge d In 1910 In to N a t . R y s . of M exico.
E A R N I N G S . — (M e x . c u r .)j 1909-10..G r o s s , $8,920,854; net, $3,780,093
J u ly 1 to J u n e 30 (12 m on th s) 1 19 08 -0 9..G r o s s, 6,953,284; net, 2,905,807
A N N U A L R E P O R T . — F o r y ea r en d in g Ju n e 30 1909, V .89 , p.1593, 1604.
F isca l
Total rec’ ts
N et rev.
N et rev.
Other ln t. on
B a lan ce.
Y ea r—
(M e x .c u r .) (M e x .c u r .) ( V . S . c u r . ) Incom e. B o n d s ,& c .
S u r p ..
1908 0 9 ____ $6,953,284 $2,822,538 $1,411,260
$705 $745,360 $66 .615
1907-08------ 8.281.566 2,631.588
1 315.794
3.323 754.570
564.547
N . Y . office, 25 B ro a d S t .— (V . 89, p. 1593, 1597, 1604; V . 90, p. 1554.)
MEXICAN NORTHERN RY.— O w n s from E sc a lo n , M e x ico , o n the M e x oan C e n tra l R y ., to Sierra M o jad a , 83 m iles, all steel.
S T O C K . — C a p ita l stoc k Is $3,000,000; p a r of shares. $100; see a p p lica tio n
In full for lis tin g on N . Y . S to c k E x c h an g e , V . 64. p. 619.
I n J u n e 1909 It w as a rran ge d to extend the $708,000 o u tsta n d in g 6 %
b o n d s to Dec. 1 1930, the o b lig atio n to p a y to the sin k in g fu n d In tere st on the
$052,000 b o n d s held b y the fu n d to cease; b u t sin k, fu n d of 5 % of gro ss
e a rn in g s a n d Interest to continue on b o n d s a cqu ired b y the fu n d after
D ec. 1 1910. V . 88, p. 1437, 1500. I n O ct. 1910 ov e r three-qu arters of the
b o n d s h a d consented to the extension. V . 89, p. 104; V . 91, p. 1026.
D IV S . —
f ’93. ’94. ’95-’99. '00. ’01. ’02.
’03. ’0-l-’08.
P e r c e n t ------------ 1 6 H
6 4 y ’ly .
5
4 V4 2
1 H N o n e.
13M a y . 2
O n N o v . 30 1909 2 % for h a lf-y e a r e n d in g June 30 1909; D e c. 22 1909,
1 1 % , b e in g 2 % for period fro m J an . 1 1903 to J an . 1 1909. V . 89, p. 1280.
R E P O R T . — F o r y ea r en d in g D e c. 31, U . S . currency.
Y ear—
G ross.
N et.
Oth. In com e.
Charges.
S u rp lu s.
1909 ......... $311,686
$190,047
$56,894
$115,184
$130,024
1908 _____ 397,176
256,217
51,617
123,705
184,128
— (V . 88, p. 1313, 1437, 1500; V . 89, p. 104, 1280; V . 91. p. 1026.)
M EX. UNION.— V . 91, p. 39, 215. ME X. DEL. CEN.— V . 91, p. 215.
MEXICO NORTH WESTERN R Y — O w n s C h ih u a h u a to M ln a c a , 122
m iles; a n d L a J u n ta to T e m o sa c h lc, 55 m ies; E l P a s o to T e rraza s, 160 miles;
E l P a s o So u th e rn R y . (te rm in als In E l P a s o ), a n d T e m o sa c h lc to M a
dera, 32 m iles; total, 370 m iles; co n tra cts h a v e been let
to con
stru c t ex ten sion s from T e rraza s to M a d e r a a m o u n tin g to a b o u t 105 m iles
(for w h ic h concessions h a v e been g r a n t e d ), w hich It Is expected w ill be In
o p e ratio n b y J u n e l 1911. O n e te rm in a l w ill be a t E l P aso , T e x ., a n d a n
oth e r a t C h ih u a h u a , a t both of w hich la rge sm e ltin g w o rk s exist.
In A u g.
1909 a lso a cq u ire d tim b e r la n d s, In c lu d in g those o f Sie rra M a d r e L a n d A
L u m b e r C o ., In a ll a b o u t 3,000,000 acres, la rg e ly covered w ith pine forests,
w h ic h w ill be cu t a n d so ld . See V . 88, p. 749; V . 89, p. 348, 470.
S to c k . $40,000,000 (par, $100), of w hich $15,000,000 issued M a r c h 1910.
B O N D S . — P resen t lim it £5,000,000, of w hich £3,632,600, issued Ju n e
1910, m a y be Increased for extensions, term in als, d o u b le -tra c k in g a n d other
spe cial purposes; N a t io n a l T r u s t Co. of T o ro n to , trustee. B o n d s are redeem
able a t p a r M a rc h 1 1959 b y a n n u a l p a y m ’ts, c o m m e n cin g In 10 years, to be
a p p lie d In a n n u a l d ra w in g s a t p a r or b y purenase a t or below par. or as a
w hole a t 105. V . 88, p. 749. C o u p o n s p a ya b le a t B a n k of S c o tla n d , L o n d o n ,
G u a r a n t y T r u s t C o., N e w Y o r k , a n d B a n k of Com m erce, T o ro n to .
E A R N I N G S . — (M e x. cur.) f 1910....... G ro ss, $1,440,772, net, $807,981
J an . 1 to A u g . 31.
11909....... G ross,
802,859; net,
246 791
O F F I C E R S . — P res., F . S. P e arso n . 25 B r o a d S t ., N . Y .; V . - P s . , E . D .
K e n n a a n d W a lte r G ow , 27 P in e St., N . Y .; E . C. Creel, M e x ic o C ity , M ex .;
Sec., Clare nce W e lls, 20 E x c h a n g e Place, N . Y . — (V . 91, p. 790.)
MICHIGAN CENTRAL RR. — (S ee M a p s N ew Y ork Central A H udson
R iv e r .) — L I N E O F R O A D . — M a in line— K e n sin g to n to D e tro it, 270 m .
an d W in d s o r to Su sp e n sio n B rid g e (C a n a d a So u th e rn ), 226 m .; to ta l m ain
line 496 m iles.
Bran ch es ow ned an d leased, 1.236 m .; tra ck a g e (111. Cent.)
In to C h ic a g o un d er perpetual lease 14 m .; total. Jan . 1 1910, 1.746 m iles
T h ere are 541 m . of 2d track a n d 1,293 m . of side tra ck s.
B ra n c h from
S a ilin g s , M ic h ., to J o h a n n e sb u rg, 14 m ., w a s opened M a y 1910.
C h ic a g o K a la m a z o o & S a g in a w R y . , P a v ilio n to W o o d b u r y , M ic h ., 55 m .,
Is co ntrolled b u t operated In de pen d en tly.
V . 84, p. 50.
T h e t h ird -ra il electric tu n ne l road u n d er the D e tr o it R iv e r fro m W in d so r,
O n t., to D e tro it, M ic h ., 2.42 m . long, u n d er the ch a rte r of the D e tro it R iv e r
T u n n e l C o., opened for traffic J u ly 26 1910, Is leased for 999 y ears from
J a n . 1 1907. See B O N D S below.
V . 80. p. 2343; V . 82, p. 1150; V .
84, p. 339, 1052; V . 90, p. 710; V 91, p. 276.
C O N T R O L — T h e N . Y . C e n t A H u d . R iv e r R R . Co. In A p r il 1898
ve $115 In Its 3 1 4 % 100-ycar g o ld b o n d s fo r $100 stock, an d so h old s
f a16,814.300
of the $18,738,000 sto c k Issued.
D I V I D ’S . J’85-86. ’87-89. ’90. ’91. ’92-94.
’95-06. ’07. ’08 ’09. 1910.
Per c e n t...!
nil.
4 y rly .
5
5
y r ly . 4 y r ly .
6
8 6
6
B O N D S . — Battle Creek A Sturgis b o n d s for $500,000, b u t of th is $79,000
w a s sub -gu a ran teed b y the L a k e Shore & M ic h . So., 7 m iles of the B . C. A S.
bein g operated b y th at c o m p a n y. T h e $1,725,000 314s of 1901 are a 1st
m tge. on the J ack so n L a n s in g A S a g in a w R R . . 350 m iles ( V 73. p. 1061
V . 76, p. 1027.)
O f the $18,000,000 3 >4s of 1902, $4,000,000 are re
served for a d d itio n s. Ac.
V. 74. p. 728; V . 76. p. 102; V . 83, p. 1229
F ir s t 4s o n J oliet & N o rth e rn In d ia n a , see V , 84, p. 1367, 1428.
Toledo Canada So. A D el. gu ar. 4s of 1906. see V 82, p. 930: V . 85, p. 406
T h e D e tro it R iv e r T u n n e l bonds, authorized issue $15,000,000 (see ab ove),
bea rin g lnt. a t not exceeding 5 % , w ill be gu aran teed . V . 82, p. 868, 1156.
I n A p ril 1909 an Issue of $25,000,000 4 % 20 -year debentures w as a u th o r
ized, of w hich $7,636,000 sold to p ro v id e for a d v a n ce s to D e tro it R iv e r
T u n n e l C o ., a n d In Jun e 1910 $17,364,000. of w h ic h p a r t to retire the
$10,000,000 5 % notes due Feb. 1 1910. O f the $4,500,000 au tho rized 4s
on the G ra n d R iv e r V a lle y R R . $1,500,000 h a v e been Issued to retire the
1st 6s due Se p t. 1 1909, $1,500,000 are reserved for d ou b le tra ck in g, A c
a n d re m ain d e r for future requirem ents.
V . 88, p. 945, 1002, 1061, 1254
V . 90. p. 1554; V . 89, p. 470; V . 90, p. 627.
’
A m ou n t
O utstanding
A
A
A
L a st D ivid en d
and M a tu r ity
P la ces W here Interest and
D ivid en d s are P a ya b le
J J a n 1 1954
N Y , B o sto n & P o r tla n d
D J u n e l 1011
do
do
J J u ly 27-Jan 29 F id e lit y T r Co, P o r tla n d
& N N o v 1 1910 5 %
&
J J a n 1 1922
J — 1 O c t 1 1010 1 H
M A
S M c h 1 1916
A & O A p r 1 1990
M A N M a y 1 1939
J a n 1 1956
A p r il 1 1956
J
A J A u g 1 1934
A
J
J J a n 1912-1939
A A O O c t 1 1928
M A N N o v 1 1940
F A A F e b 1 1055
M A
S A p r 1 1932
M A
M c h 1 1951
A A
A p r 11951
M A N M a y 1 1936
A D J u n e l 1955
J
F
A A A u g 1 1910 3 %
A A
O A p r il 1 1937
J
A
J J u ly 1 1921
1940
A
J
J J a n 1 1928-29
M A N N o v 1 1011
M A N M a y 1 1955
M
J
s
o
& A A u g 1 1019
F
M A N M a y 2 1910 2 %
J A D See text
O c t 2 21910 J4 %
A
A o O c t 22 1910, 4 %
o O c t 22 1910,3
A A
A
J
.1 P erpetu al.
A
A () Dec 1060
M c h 1 1959
M A
s
M a n c h e ste r a n d B o sto n
B o sto n & M e R R , B o sto n
21 P a r k R o w , N d w Y o r k
M e rca n tile T r u s t Co, N Y
do
do
N Y , London, &c
D e t r o it
N Y A G r a n d R a p id s
N e w Y o r k a n d C h ic a g o
Tre asu re r’s Office, P h lla
F ir s t N a t B k , Y o r k . P a
B ro w n B ro s, N Y ; & B a l t
do
do
A le x B ro w n & S o n s, B a l t
J P M o r g a n & Co, N Y
Sa fe D ep A T r C o , D o st
M erch N a t B k , M e a d v .P a
M e rc T r Co, L it t le It k . A r
S t a n d a r d T r u s t Co, N Y
G u a r a n t y T r u s t Co, N
Y
O ffice, 82 B e ave r S t , N Y
G ly n ,M Ills, C u r r ie * Co ,L on
do
do
do
do
do
do
G u a r T r Co, N Y A T o r
I n O ct. 1910 a n Issue of sh o rt-te rm notes, p o s sib ly $17,500,000 In a m o u n t,
w as co n tem p la ted . V . 91, p. 1026.
J o in tly w ith fo u r oth er roa d s, co v e n a n ts to p a y N e w Y o r k C e n tra l L in e s
$30,000,000 car tru sts of 1907 an d 1910, the c o m p a n y ’s sh are of eq u ip m e n t
leased b ein g $3,906,382 a n d $4,300,000 respectively. V . 85, p. 1402; V . 86,
p. 168; V . 88. p. 761; V . 90. p. 1677.
E A R N I N G S . — 8 m o s.,J191 0------------- G ro ss, $19,268,644: net, $5,448,435
Jan . t to A u g . 31.
(1 9 0 9 -------------G ross, 17,285,119; net, 5,296,189
A N N U A L R E P O R T . — R e p o r t fo r 1909 a t le n gth w a s In V . 90. p. 6 9 1,71 0
Y ear ending D ec . 31—
1909.
1908.
C hange.
R a ilr o a d r e v e n u e s . - . ........................ $27,415,467 $24,222,139 +$ 3,19 3,3 28
O per. Inc., after ta x e s---------------------- $7,743,255 $6,313,644 +1 ,4 29 ,6 11
O th e r In co m e ------------- ----------------------941,481
843,519
+ 9 7 ,9 6 2
G ro ss corp. In c o m e ..................... . $8,684,736
R e n ta ls leased l i n e s . . . .................. _ .
$510,310
3,198,875
In te re st on bon d s, A c . . .................
O th e r ren ts A m lsc e l............... ..........
659,360
H ire equlDt., In cl . In t ......................
894,769
548,925
A d d ’l equip., betterm ents, A c ....... .
D iv id e n d s, 6 % ..........................J ___
1,124,280
$7,157,1 63+ $1 ,5 27 ,57 2
$510,310
3,110,835
+ 88,040
495,451
— 163,909
1,018,312
— 123,543
395,135
4-153,790
1,124,280
$502 ,8 40 +$1 ,2 45 ,3 77
B a lan ce , s u r p lu s ------------------------------$1,748,217
Pres., W m . C . B ro w n , N . Y . — (V . 90, p. 1614; V . 01, p. 270, 1026.)
MIDDLETOWN UNIONVILLE & WATER GAP RR.— (See M a p E r i e
R R. C o .) — O w n s from M id d le to w n , N . Y . , to U n lo n v llle , N . Y . . 13.65 m iles.
1910.
Sto ck ’09.
. $149,850;
par. $50. C o n tro lle d , th ro u gh stock, b y N . Y . S u sq . A
W e st., w h ic h p a y s In t. on b o n d s.
Otter w a s m ad e to extend the $250,000
2d 5s to N o v . 1 1911 w it h interest gu a ra n te e d b y N . Y . Su sq . A W est.; a ll
the b o n d s n ot co nsen tin g, p rin cip a l w a s d efau lte d June 1 1910. V .9 1 ,p .l5 4 .
V . 90, p. 1363. I n year 1908-09, gross, $70,827; net Inc., $11,256; In t.,
taxes, A c., $40,630; b al., def., $29,374.— (V . 91, p. 154.)
MIDLAND VALLEY RR. — O w n s a n d operates from E x c e lsio r, Ark ,
so u th to H oye, A r k ., a n d n orth to F id e lity , A r k .; also from E xc e lsio r west
to SU verdale, K a n ., an d from Jen ks, O . T ., to G le n n P ool. O . T ., a tota l of
299 m iles; a lso operates un d er track age from M a n e y Jet., A r k ., to F t .
S m ith , 16 m ., an d SU verdale to A r k a n s a s C ity . K a n ., 0 m iles; total op e r
ated, 324 m iles. See V . 78, p. 702, 1109; V . 80, p. 2345. S to c k a u th o r
ized, $9,000,000: o u tsta n d in g Ju n e 30 1909, $8,013,000; pa r of shares, $50.
T h e M c P h e rs o n W ic h it a A G u lf R R . w as In corporated In Se p t. 1910 to
bu ild a n extension fro m A r k a n s a s C ity , K a n . , northw est to M c P h e rso n ,
120 m ., b u t the M id la n d V a lle y h a s a ssu m ed no o b lig a tio n s tn connection
therewith.
P L A N . — Th e D lan d ated Ju n e 10 1910 (V . 90, p. 1676) p ro v id e s for the
d isch arge of bu rd en som e car tru sts. T h e $5,980,000 R R . 5 % b o n d s an d
the $1,650,000 Cherokee C o n stru c tio n Co. 6 % notes w ill be retired an d the
ra ilro a d w ill Issue (1) $6,000,000 closed m o rtg a ge p rior Hen 5s (secured on
the p ro p e rty of the M id la n d V a lle y R R a n d a lso on the r o llin g sto c k a n d
b y pledge of a ll the b o n d s an d sto c k — $1,250,000 a n d $250,000, respectively,
— of the S e b a stian C o u n t y C o a l A M in in g C o ., on the coal estate of the
co n stru c tion c o m p a n y; a n d (2) $1,800,000 6 % 2 >4-year R R . notes, due
Dec. 1 1912, to be secured b y pledge of $2,500,000 new general consol. 6s,
the Issue of these b o n d s to be lim ite d to $2,500,000 d u r in g the life of the
notes. T h e C o al Co. b o n d s a n d sto c k m a y be w ith d ra w n from p rio r lien
m tge. w henever $1,500,000 p rio r lien b o n d s sh a ll have been canceled.
E a c h $1,000 e x istin g b o n d w ill receive a b o u t $711 11 new b o n d s a n d
$168 48 In ra ilro a d notes, a n d each $1,000 co n stru c tion c o m p a n y n o t*
$844 44 new b o n d s a n d $200 In r a ilro a d notes.
E A R N I N G S . — 12 m o s.,1 1909-10___ G ro ss, $1,348,080; net, $40s,561
J u ly 1 to Ju n e 30.
(1 90 8-09____G ro ss,
997,664; net,
159,169
R e p o r t fo r y e a r en d in g Ju n e 30 1909 In V . 89, p. 990, show ed: G ross,
$997,655; net, $81,326; oth er In com e, $4,804; In tere st, taxes, A c., $357,
240; Im p ro v e m e n ts, $201,358; b alance, dvftclt, $472,469.
Pres., C h arle s
E . In gerso ll; Sec. an d T re as., H . E . Y a r n a ll.
O ffice, F r a n k lin B a n k
B u ild in g , P h ila d e lp h ia .— (V . 89, p. 990: V . 90, p. 1670.)
MILL CREEK & AtINE HILL NAVIGATION & R R . — M ill Creek Jet. to
B r o a d M o u n ta ln , P a., 3.81 m .; second track . 3 .8 1 m .; total traok, 34.7
miles.
Leased In 1861 for 999 y ears to P h lla . A R e n d in g R R . ; lease a s
su m ed In 1896 b y P h lla . A R e a d in g R ailw ay, rental, $33,000 an d taxes.
MINE MILL& SCH UY LKI LL HAVEN R R .— F ro m S c h u y lk ill H a v e n to
A sh lan d a n d E n te rp rise J c t.,3 9 .1 5 in .; 2 d track , 17.05 m.; tot. truck, 136.86 m
In 1897 rental reduced to 6 % on sto c k u n d er new lease for 999 years from
J an . l 1897 to P h lla . A R e a d . R y . Co.: 2 V * % Is paid In Jan and 3 %
In J u ly . 14 % being deducted for ta x e s.— (V . 63, p. 1011.)
MINERAL RANOE RR.— H o u g h to n , M ic h ., to C a lu m e t. M ich .. 14 m.
H a n c o c k to G ra tio t M ine, 23 m .; branches, 31 m .; S o u th R a n g e exten., K e
weenaw B a y to M ic h ig a n M in e, 39 m ., opened Deo. 24 1900; track ag e 4 m
M o h a w k R R . operates 17 m .; to ta l, 128 m iles, a ll sta n d a rd gau ge.
In
year 1895 paid d iv id e n d s 1 0 1 4 % ; In 1896, 7 % ; 1897, 7 % ; 1898, 3 ( 4 % :
one since.
A u th . stock, $1,500 000: o u tsta n d in g, $1,260,000; par, $100.
B O N D S . — C o n so ls for $1,000 are reserved tor $3,000 old bon d s. O f the
$593,000 o u tsta n d in g, $339,000 are 5s; the Can . Pao. on Ju n e 30 1910
owned the re m a in in g $254,000 (w hich are 4s) a n d the $1,000,000 gen. m tge.
ts. b oth of w hich It gu a r, as to int.
V . 75, p. 554. See V . 73. p. 556. 616;
V . 73, p. 785. O f ton n age In 1909-10 8 9 % w a s ores a n d m in in g p ro d u cts.
L o a n s a n d b ills p a ya b le Ju n e 30 1910. $175,000.
E A R N I N G S . — F o r 2 m o n th s e n d in g A u g . 31:
2 M o s .—
G ross.
N et.
Other In c. Charges.
Balan ce.
1910____________ $122,500 op.dcf.$9,128
$2,478 $26,425 dcf.$33,075
1909____________ 149,966
26,723
338 26,394
sur.
367
R E P O R T . — F o r year 1909-10, gro ss, $826,500; net a fter taxes, $44,626;
other Incom e, $9,917; Interest o n bon d s, $83,360; other ded u ction s,
$40,945: deficit, $69.764 — (V . 73, p. 785.)
MINNEAPOLIS & ST. LOUIS RR.— (S ee M a p .) — O w n s m a in line M in
neapolls to A n gu s, la ., 260 miles; YVestern D lv . , H o p k in s to W a te rto w n
S. D., 216 miles; K a lo B ra n c h , 1 m .; L a k e P a r k B r a n c h , 1 H m.; W in
R A IL R O A D C O M P A N IE S
[F or abbreviations, A c ., see notes on first page]
M ile s
R oad
D ate
B on ds
Par
V a lu e
Am ount
O utstanding
R ate
%
W hen
P a y a b le
Last D ividend
and M a tu rity
$100 C$18738.000 6 in 1910 J
A
J J u ly 29 1910 3 %
M ic h ig a n C e n tra l— S t o c k - . . - — - - ---------------- a
270 1902 $1,000 A c $14,000,000
M A N M a y 1 1952
F ir s t m o rtg a ge $ 1 8 ,000,000 g o ld -----------------Q .c A r
2,600,000
115 1890 1,000 A c
4
J
A
J Jan 1 1940
M C M ic h ig a n A ir L in e first m o r t g a g e - - - - - - U n . p A r
171 1881
1,000 1 4,000,000 1
M A
5
S M ch 1 1931
M C 1st M on D e tro it A B a y C it y ($4,000,000) .U n . c
171 1881 1,000 A c /
M
M c h 1 1931
Q
do
do
b o n d s w ith o u t c o u p o n s - . - . - . r
l
5
1,509,000
84 1909
M A
S Sep t 1 1959
4 g
M C new M on G r R l v V a l $4,500,000, g t e x t . G c A r
700,000
39 1889 1,000 A c
5
M
N N o v 1 1939
M C first m o rtg age on K a la m a z o o & S H a v e n . U n r
1,000
1,725,000
350 1901
A
S Se p t 1 1951
7>X g M
M ic h C e n t 1st M on J a c k L a n s & S a g in a w g o ld - C * A r
1,500,000
J A J 10 J u ly 10 1957
45 1907
4 g
M C 1st M on Joliet & N o r In d ia n a $3,000,000 go ld
1909 1,000 A c 25,000,000
A A o A p r 1 1929
D eben tures, $25,000,000 a u th , g o ld ......... G x c A r ’
4 g
100
2,000,000
3«
M A
S Se p t 1 1910 1 H
J a c k L a n s A S a g sto c k 3 X % y e a rly g u a r b y e n d -
100
491.200
5
84
J
A
J J u ly 1010 2 X %
G ra n d R iv e r V a lle y sto c k ren tal in p e r p e tu ity -----1,000
250,000
18 1889
J
3 g
A D Deo 1 1989
B a y C it y A B a ttle C r 1st M g g u a r p A 1 e n d - - M p . c *
1,000
421,000
41 1889
J
3 g
D D ec 1 1989
B a ttle C r A S tu rg is 1st M g g u a r p A I c n d . - M p . c *
3,100.000
J
59 1906 1,000 A c
4 g
A
T o lC a n S o A D e t ls t M $ 4 , 500,000 g g u p A l ( e n d ) Q .c *& r
J Jan 1 1956
N ’ne J n e ’10
1906
D e tro it R iv e r T u n n e l 1st M $15,000,000 g u a r ------ G
150,000
100 A c
M A N N o v 1 1911
5 g
13 1866
M id d le to w n U n io n & VVater G a p — 1st M ex t In ’8 6 .c *
250,000
500 A c
5
J
1871
A D J u n e l 1910
Secon d m o rtg age (sec t e x t)---------------------------------c*
1,000
5,980,000
J
& J J an 1 1954
299 1904
5 g
M id la n d V a lle y — 1st M $20,000 p m g (text) - - .O P .o *
25
323,375
10
J
A
5%
J J u ly 1910
M ill Creek & M in e H ill N a v ig a tio n & R R — S t o c k - - - .
M ilw a u k e e L ak e Shore & W e ste rn — See C h ic a go A N o r t h 'W estern
M ilw a u k e e & N o rth e rn — See C h ic a g o M ilw a u k e e A S t P a u l
50
4,210,200
39
J
A
J J u ly 15 1910 3
ax
M in e I1III & S c h u y lk ill H a v e n — S to c k ( 0 % r e n t a l). . .
600 A c
593,000 4 g A 5 g J
A
16 1891
J J a n 1 1931
M in e ra l R a n g e — C o n so l m tge (text) go ld red a t 1 0 5 -_c
73 1901
100,000
1,000,000
J
4 g
A
J J a n 1 1951
G en eral m o rtg age Interest g u a r b y C a n a d ia n P a o . F
1,000
34 1891
325.000
J
A
5 g
J J an 1 1931
H a n c o c k & C a l cons m tge gold red a t 105 a ssu m ed
100 c6.000,000 See text .1 A
J J a n 15 1904 2 >4
M in n e a p o lis & St L o u is — -C om m on s t o c k ---------------Ce
100 f 4,000.000 See text J
A
J J a n 15 1910 244
Preferred stock (V 70, p 1150) 5 % n o n - c u m . - . - C e
500 A c
950,000
.1 A D June 1 1927
81 1877
7 g
F ir s t M M e rrla m J u n c tio n to A lb e r t L ea , g o ld .F . c *
1,000
A D D e c 1 1910
53 1880
636,000
J
7 g
M o r tg a g e o n So u tln v E x t go ld ($12,000 p m) .. C e , c
1,000
1,382,000
A O A p r 1192 1
92 1881
A
6 g
P a cific extension first m o rtg age g o ld ...... ........ Cc.c*
1,000
1894
M A N N o v 1 1934
5,282.000
5 g
F ir s t consol M $5,282,000 g ( V .5 9 ,p .U 4 5 ) -C c ,C * A r
1.000 11.870.090
632 1899
M A
S M ch 11949
4 g
F ir s t A ref M $25,000,000 go ld ($18,000 p m ) ------ Ce
1906
1,000
F
A A Fe b 1 1911
5,000.000
5 g
G o ld notes $5,000,000 sec b y coll red p a r slnce’0 8 -C e
1.000 Sec text
A A Feb 11 9 5 6
1906
F
4 g
M in n D a k & P 1st M $50,000,000 g red 1 0 5 -C e.c* A r
1.000
1909
540,000
A & O T o A p r 1 1919
5 g
C a r tr scr A g due $60,000 y ’l y ( V 88,p . 1373) ..PeP.c*
1,000
A
& O T o O c t 1 1920
1910
180,000
5 g
C a r tr scr B g due $18,000 y e a r ly . ........... . . P c P .c*
100 2 0,832,000 7 in 1910 A
A O O c t 15 1910 3 44
M in n St P a u l & S Ste Marie— C o m sto c k $ 2 8,000,000A O O c t 15 1910 3
100 10,416,00 • 7 in 1910 A
Preferred stock 7 % n on -cu m , $14,000,000------------pr 1 2008
A
A O
100 11,142,100
4
W isc o n sin Central leased line ctfs $12,500,000 a u th .
f $34.
c O f w hich $10,810,300 held b y N Y C & H R R R Co . O f w hich he Id In treasu ry J u ly 1 910 : e $1 64 100.
throp .M in n ., to S to rm L ak e , M in n ., 154 m .
Leases tra ck a g e fro m M in n e
a p o lis to S t. P a u l over S t. P a u l A N o rth . P a c. R R . , 10 m.; from Spencer to
R u t h v e n over Ch. M . A S t. P ., 12 44 m .; fro m T a r a to F o r t D o d ge , over 111.
Cent., 6 m.; leases D es M o in e s & F o r t D o d g e R R . , D e s M o in e s to F o r t D od ge
a n d T a r a to R u th v e n , 137 44 tn.: a lso leases M in n e so ta D a k o ta A P acific,
W a te rto w n to Leola, S . D ., 114 m ., a n d Co nd e to L e B e a u , S . D ., 115 m.:
track age , 24 m.; to ta l operated J u n e 30 1909, 1,051 m iles. A ls o leases to
B . C. It. A N . 13 m iles.
H I S T O R Y . — A reorgan ization In O ct. 1804, per plan In V . 59, p. 371.
P e rso n s Identified w ith M in n . & S t. L . control the Io w a C ent. R y . , the
Ches. A O h io , St. L . & S a n F r., a lso T o l. S t. L . & W est, (w hich co ntrols
Chic. A A lto n ) an d h a ve a large Interest In M o . K a n . A T e x.
D e s M o in e s
A F t . D o d g e R R . , controlled, Is leased for 30 years fro m J an . 1 1905.
V . 78, p. 2335; V . 79, p. 269, 1704; V . 81, p. 1430.
S T O C K . — A fter 5 % on each, preferred a n d co m m on share pro rata.
D I V I D E N D S . — '97. ’98. ’99. '00. ’01. ’02. ’03. '04. ’05 to ’09. 1910.
3444445
5
5
5
5 5 ye a rly . J a n . ,2 44
P re fe rre d ............. 1 3
C o m m o n _______ % ) ------N o n e ----- 1 4 4 4
5
5244
0
—
O n pref., Jan. 1910, 2 4 4 % ; J u ly , none.
V . 90, p. 1677.
B O N D S , & c.— B o n d s Issued u n d er the m tge. due Ju n e 1027 num bered
from 1,101 to 1,400, for $500 each, a d d itio n a l to those a b ov e , were a ssu m ed
b y B u rl. C e d a r R a p . A N o rth , (now C h . R o c k I. & P ac.)
T h e ref.m tge.of 1899 lim its the 1st c o n s o ls.(V .59, p.1145) to $5,155,000.
F irst re fu n d in g m tge. of 1899 Is for $25,000,000, of w hich $8,530,000 re
served to retire u n d e rly in g b on d s a n d $4 ,600,000 fo r fu tu re extensions, lm
prove m en ts, A c ., u n d er severe restrictions. T h e m tge . Is a first lien on 283
m iles of roa d , A c., a n d a b la n ke t lien on rest of prope rty, a n d Is fu rth e r se
cured b y d eposit of $2,530,000 D es M oin e s & F t. D o d g e com . stock.
V . 68,
p. 187, 332; V . 79, p. 2147; V . 80, p. 2220; V . 87, p. 1420; V . 88, p. 295,
452, 506. Sec V . 69, p. 32.
T h e $5,000,000 5 % notes of 1906 arc secured b y the $6,250,000 M in n .
D a k o ta A P acific 1st go ld 4s a n d the la tte r’s entire stock. V . 82, p. 392,
692, 1102: V . 83, p. 38, 1114.
T h e $3,072,000 D es M oin es & F t. D o d g e 4 % b on d s dated J an . 1 1905
are guaran teed , p rin cip a l a n d Interest.
V . 79, p. 1704, 2696.
E A R N I N G S — 12 m o s.,( 1909-10___ G ro ss, $4,945,391; net, $1,301,602
J u ly 1 to June 30.
J1008-09____G ross, 4,171,315; net, 1,133,465
A N N U A L R E P O R T . — A n n u a l m eetin g first T u e sd a y In O ctober. R e
p ort for 1908-09 w a s In V . 89, p. 1276.
Y ear ending J u n e 30—
1908-09.
1907-08.
In c. or D ec.
A ve rag e m iles ope rated....................
1,028
1,005
+23
G ro ss e a rn in g s........................
$4,171,315
$3,826,516 + $ 34 4,79 9
N e t after t a x e s .................................
1,133,465
995,469
+ 1 3 7 ,9 9 6
O th er In co m e ..........................
338,885
315,667
+ 2 3 ,2 1 8
T o ta l net In com e..............................$1,472,350
In te re st p a id ..................................... $1,383,453
R e n t a ls .............................................
68,266
N e t earns. D . M . & F t . D ---------------------------M isce llan e o u s — -------1,068
D Iv . on pref. stock ( 5 % ) ------------------200,000
$1,311,136
$1,107,677
67,782
1,065
B a lan ce for y e a r........................... dcf.$180,438
dcf.$66,288
+ $161,214
+ $275,776
+ 484
— 1,965
+ 1,068
200,000
— $114,150
O F F I C E R S . — C h a irm a n , E d w in H a w le y ; P r e s .,T . P . Sh o n ts; V ic e -P re s
iden ts, Geo. H . R o s s a n d W . L . R o s s, C h ic ago , a n d F . H . D a v is , N . Y .;
Tre as. F . I I . D a v is; Sec., A . C . D o a n .
Office, 25 B ro a d St.. N . Y .
D ire cto rs.— E d w . H a w le y , I I . E . H u n tin g to n , F . I I . D a v is , F r a n k T r u m
bull T h c o . P . Sh o n ts, F . M . T o m p k in s , A . C. D o a n , N e w Y o rk ; L . F . D a y .
M in n e ap o lis; F . P. Frazier, C h ic a go .— (V . 91, p. 790, 946, 1096.)
MINNEAPOLIS ST. PAUL & SAULT STE. MARIE R Y .— O w n s m ain
line fro m S a u lt Ste. M arie, M ich ., v ia M in n e ap o lis to P o rta l, N o r t h D a k o ta ,
a t the In tern atio n al b o u n d a ry line, there co nn e ctin g w ith the C a n a d ia n Pac.
1,039 m iles; branches, H a n k ln s o n , N . D ., to G arrison , 292 m.; G le nw ood ,
M in n ., to E m erson , 265 miles; T h ie f R iv e r F a lls, M in n ., to K e n m are , N . I).,
296 m.; W ls h c k , N . D ., to P o llo ck , 70 m .; Bro oten to D u lu th , M in n .,
187 m .; other branches, 212 m.; spu rs, 9 m .; to ta l J u ly 1910, 2,476 m iles;
a lso track age to M in n e ap o lis, S t. P a u l (b e in g replaced b y line ow ned; V . 83,
p . 38) a n d S a u lt Ste. M arie , 19 m .; leases W isc o n sin Ce ntral R y . , 1,078 m.;
rotal, 3,573 miles.
E x te n sio n from M oose L a k e to P lu m m e r, M in n ., 200 m iles, w as opened
O ct. 1910.
In M a rc h 1910 purch ased line L aw le r, M in n ., to C u y u n a , 37 m iles, not
In clud ed a bove. V . 91, p. 787.
H I S T O R Y . — A co nsolid atio n In 1888 of M in n . S a u lt Ste. M a rie & A tl.,
M in n . & P ac., A c. Sec V . 46, p. 538, 609; V . 77, p. 628.
I n 1909 5 1 % of W isc o n sin C e n t. com . stoc k w a s purchased, a ffo rd in g a
C h ic a g o connection, the road b ein g leased for 99 years from A p ril 1 1909:
$11,142,100 4 % leased line ctfs. were Issued (to O c t 1910), secured b y the
W ls. Cent. pref. stock. V . 88, p. 232, 564, 686: V . 89, p. 1668.
S T O C K . — C a n a d ia n P acific in J u ly 1 9 ’0 ow ned $10,515,300 co m m on
a n d $5,257,700 preferred.
Preferred stoc k h as a prior righ t to 7 % (noncu m u la tlvc); then co m m on to 7 % ; then share pro rata.
V . 75, p. 540.
Sto ck h o ld e rs In 1909 subscribed for $2,016,000 pref. a n d $4,032,000 co m .
sto c k a t par. V . 88, p. 749, 823; V . 85, p. 160. 722, 793, 1646; V . 8 7 ,p . 677.
D IV ID E N D S . —
11003. 1904. 1905. 1906. 1 9 0 7 .1 9 0 8 .1 9 0 9 . 1910.
Preferred (per ce n t)7
7
7
7
7
7
7
7
C o m m o n (per ccn t).J
2
4
4
4
4
6
6
7
B O N D S . — Can . P ac. guaran tees b y endorsem ent 4 % In t. on a ll the b on d s
a sse n tin g to a reduction of In t. to 4 % . (See V . 50, p. 784; V . 51, p. 239.)
A b o u t one-half M in n A Pac. bonds a n d p ra ctic ally a ll other Issues assented.
A b stra c t of M in n ea p olis Sault Ste. M a rie & A tla n tic m tge. In V . 45, p
243. T h e consol, mortgage of 1888, a b stra ct V . 47, p. 142, w as for $21,
000,000 on 800 miles (sufficient or this reserved to retire prior bonds) a n d for
$20,000 per m ile on a ll a d d itio n s
V . 73, p. 185; V . 78, p. 820: V . 79, p.
Places W here Interest and
D ividends are P a ya ble
G ra n d C e nt S ta tio n , N Y
R e g a t G C S; cp a t G T r
R e g a t G C S: cp a t U T r
U n io n T r u s t Co, N Y
G r a n d C e nt S ta tio n , N Y
G ra n d C ent Sta tio n . N
R e g a t G C S; cp a t G
G u ara n ty T ru st Co, N
New Y o rk
do
do
Jackson , M ic h
U n io n T r u s t C o , N
do
do
G r a n d C e nt S ta tio n , N
Y
Tr
Y
Y
Y
N Y S u s q '& W e s t ,' N Y
I n d efau lt
O ffice, P h ila d e lp h ia
P h ila d e lp h ia
O ffice, 119 S 4th S t, P h lla
44 W a ll S t, N e w Y o r k
A ll ow ned b y C a n a d ia n P
44 W a ll S t, N e w Y o r k
Office, 25 B r o a d S t
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Oo for In s , & c. P h i l
do
do
M in n office: che cks m a il’d
do
do
100
1332; V . 80, p. 651; V . 87, p. 1011, 1664; V . 89, p. 779; V 91, p. 1026.
A s to second 4s, see V . 68, p. 669, 771, 977; V . 71, p. 845; V . 85. p. 1646.
E A R N S . ( R o a d p ro p e r.)— J1910___ G ross, $2,412,064; net, $893,100
2 m o n th s, J u ly 1 to A u g . 3 1 .\1 9 0 9 ___ G ross,
2,348,626; net,
896,967
R E P O R T . — R e p o rt for year e n d in g June 30 1910 w a s In V . 91. p. 7 8 7 .
Year ending J u n e 30—
1909-10.
1908-09.
1907-08.
A v e r a g e m iles o p e rate d _____________
2,461
2,360
2,304
G ro ss e a rn in g s.....................
$15,060,237 $12,339,755 $11,193,720
N e t after t a x e s ........- ............ ..........
6,380,578
4,038,489
3.538,854
O th e r In co m e _______________________
865,614
356,299
829,322
T o ta l net In co m e __________________ $7,246,192 $4,094,788
$2,224,390
In te re st on b onds, A c ______________ $2,298,387
In t . on W ise . Ce nt leased line c e r t s - .
443,969
109,402
127,351
R e n ta l o f te rm in a ls__ ______
103,394
588,000
Preferred d iv id e n d s ( 7 % ) .....
658,560
D iv id e n d s on c o m m o n ___________(6 ^ )1 .2 3 3 ,1 2 0 (6)1,008,000
$4,308,176
$2,234,190
$037,645
$819,111
B a lan ce , s u r p l u s . . ........... ............ $2,508,762
-( V . 91, p. 790, 1026.)
133,116
488,744
(5)693,015
A 1 IN N E S O T A T R A N S F E R R Y . — U n io n roa d o w n in g 13.54 m iles, e x
te n d in g fro m Junction w ith C h ic M il. A S t. P a u l a t M e rrla m P a r k to F re d c y (w ith stoc k y ard s, A c.); side track s, 45.72 miles; total, 59.26 m iles. V .
67, p. 956. S to c k , $63,000, e q u a lly owned b y C h ic. M U w . A St. P au l, N o r ,
P ac., C h ic. S t. P a u l M in n . A O m a h a . M in n . A S t. L o u is, Chic. B u r l. A
Q u in cy , G reat N o rth ., Ch ic. G t W e st., M in n . S t P a u l A S a u lt S te M a rie
a n d Ch ic. R o c k Is la n d A P acific.
A d d itio n a l b on d s can be Issued fo r p ro p e rty a n d Im p ro v e m e n ts a s re
quired.
P rin c ip a l o n ly Is p a y a b le In gold .
M tge . trustee, N o rth w e ste rn
T r u s t Co .. S t. P a u l, M in n .— (V . 66. p. 1238; V . 67. p. 956.)
M I S S I S S I P P I A R K A N S A S & W E S T E R N R Y . — O w n s from a p o in t In
D re w C o u n ty , A rk ., to G ain e s L a n d in g , on the M iss is sip p i R iv e r In C h ic o t
C o u n ty , A rk ., 22 m iles. S t o c k au tho rized , $220,000 Y e a r e n d in g J u n e 30
1904, gross, $25,389.
Pres., A . P . B liss, S a g in a w , M ich .; Sec. a n d G e n .
M gr., A . F . C o o k , L ittle R o c k , A r k .— (V . 75. p. 442.)
M I S S I S S I P P I C E N T R A L R R . — O w n s from a p o in t 14 m iles so u th of
H a ttie sb u rg , M iss., to N atchez, 164 m iles. In c lu d in g the form er N a tch e z A
E a ste rn , N atchez, M iss., to B ro o k h a v e n , 66 m iles, taken over bjr co n so li
dation In Ju n e 1909.
E x te n sio n proposed to G u lf of M exico. S to c k a u
thorized, $5,000,000; o u tsta n d in g J u lv 1910, $3,940,000, par. $100.
D iv id e n d s of 6 % y e a rly p a id to O ct. 1 1907; none since to Sept. 1910.
B o n d s.— 1st M . b o n d s dated J u ly 1 1909, lim ited to $10,000,000, are Is s u
able at $25,000 p. m .: th ey are su b ject to call b y lot at 110 for y e a rly sin k in g
fu n d of $300 p. m . of road covered fro m J u ly 1 1912; a lso a s a n entire Issue a t
sam e price. T h e y are gu a r., p. A L , b y U . S . L u m b e r Co. V . 88. p. 1561.
E A R N I N G S . — 2 m os., 11910.................... G ross, $151,164; net, $65,364
J u ly 1 to A u g . 31.
11909____________ G ross, 123,816; net, 47,799
Y e a r e n d in g Ju n e 30 1910, gross, $848,817; net, $302,168; other Incom e,
$44,222; betterm ents, $32,381; Interest on bon d s, $105,000; bal., sur.,
S109.009.
Pres., F. L . P eck; Tre as., Joh n T . Porter; Sec., G . F . R o y c e .
Office, H a ttie sb u r g , M iss .— (V . 90, p. 1171.)
M I S S O U R I & I L L I N O I S B R I D G E & B E L T R R — H a s b rid ge 2,100 feet
lo n g across the M iss is sip p i R v e r a t A lto n , III.; a lso 2 m iles of road. O w ne d
b y Cleve. C ln C ld c. A S t. L ., L o u isv ille A N a sh v ille . St. L o u is Ir o n
M tn . A S o u th ., B a lt. A O h io, M isso u ri P ac., W a b a s h , Ch ic. R o c k Is la n d A
Pac., S t. L. A S a n F ra n ., M o. K a n . A T e x . a n d S t. L . V a n d a lta A Terre
H a u te (P en n . R R . sy ste m ). In co rp o ra te d In A u g . 1904 as successor of the
S t. C la ir M a d is o n A S t. L o u is B e lt R R .
V . 79, p. 1642, 681. Sto c k , $2,
500,000; o u tsta n d in g , $110,000. F o r year e n d in g June 30 1910, gro ss!
$156,882; net after taxes, $130.-58; bond Interest, $61,940; b al., sur., $68 518.
P res., H e n r y M iller; T re as., F. H . H a m ilto n ; Sec., W . F . Be n de r;
L in c o ln T r u s t B ld g ., S t. L o u is .— (V . 88, p. 1128.)
At I S S O U R I K A N S A S & T E X A S R Y . — (See M a p .) — O perates a lin e w ith
northern te rm in a ls a t S t. L o u is, K a n s a s C ity , J u n ctio n C it y an d H a n n ib a l,
M o., e x te n d in g so u th e rly across the In d ia n T e rrito ry a n d the T e x a s cotton
belt to tidew ater a t G a lv e sto n , on the G u lf of M ex ico, a n d to S a n A n to n io !
T e x., a n d Sh re v e p ort, L a ., w ith branches.
( ’ See this co m p a n y.)
Hoad Owned—
9 9 % Stock Owned—
M ile s .
M isso u ri K a n . A T e x . R y . —
T e x a s C e n t r a l_________________ *267
O perated— N ot Owned—
M ile s .
S t. L o u is to R e d R iv e r , T e x . 629
H a n n lb a l to F r a n k lin J e t___
104 W ic h ita F a lls R y _____________ *18
D e n iso n B o n h a m A N . O . R R . *24
B ra n ch e s to P a o la a n d P a r
D ew ey , I. T ., to B a rtle s v ille __
4
so n s, K a n .; O k la h o m a C it y
A u stin , T e x ., te rm in a ls_______
2
a n d G u th rie , O . T . ,a n d W y Operated J o in tly —
b a rk a n d A to k a , O k la ., A c. 921
S t. L o u is to T e x a s J u n c tio n —
24
M o. K a n . A T . R y . of T e x a s—
_____________________.
_ e x .__ 548 K a n s a s C it y to P a o la _________
43
R e d R Iv e i to H o u sto n , T
D e n iso n to H e n rie tta ________
112. W h lte sb o ro to F t W o r t h ---------71
O th e r b ra n ch es______________ 4 8 6 [Tola to P Iq u a , K a n s a s --------------7
-------- 1G a lv e sto n H o u sto n A K c n d ___ *50
T o ta l o w n e d ......................... 2,8001 A u stin to S a n M a r c o s................
29
T o ta l reported In ea rn in gs J u ly 1910.........
3,339
In J u n o 1910 acqu ired $3,964,600 of the $4,000,000 stoc k of T e x a s Cent.*
W a c o , to R o ta n , T e x., 267 m iles. V . 91, p. 799. See B O N D S below.
O R G A N I Z A T I O N , A c .— R e o rg. In 1890 w ith o u t foreclosure, V .49 ,p.719 .
In O ct. 1909 a la rge In tere st h a d been a cq u ire d b y E d w in H a w le y , B . F ,
Y o a k u m of the R o c k Is la n d Co. a n d S p e y e r A Co.
V . 89, p. 993.
L A N D G R A N T . — L a n d g r a n t In form e r In d ia n T e rrito ry (now O k la
h om a), 3,110,400 acres, su b ject to In d ia n title. See V . 79, p. 903, 1281;
V. 81, p. 668, 1042; co m pare V . 67, p. 222; V . 55, p . 937; V . 61, p. 1155;
V. 77, p. 2339: V . 82, p. 1102; V . 84. p. 508, 1248: V . 85, p 736.
S T O C K . — C o m m o n Increased In 1904 b y $7,200,000 to $63,300,300;
preferred Is $13,000,000 4 % n o n -cu m u latlv e .
P a r of shares, $100.
D I V I D E N D S . — O n pref., 1906 to N o v . 1910. 4 % y e a rly (M . A N .).
R A IL R O A D C O M P A N IE S
tF o r abbreviation s, A c . , see notes on first page]
M in n e a p o lis S I P a u l & S a u lt Ste M a rie (Concluded) —
M in n S a u lt S t e M a rie A A t la n t ic 1st M g o ld - - C e c*
M in n e a p o lis A P a c ific first m o r tg a g e ________ Ce.c*
C o n s m o rtg a ge g o ld ln t g u a r (end) see te x t __ Ce.c*
Se c o n d m o rtg a ge 55,000.000 g o ld ln t g u a ra n te e d -C e
C a r tru sts due 198,000 se m i-a n n u a lly ______________
do
do
due $61,000 se m i-a n n u a lly ...........
Minnesota Transfer— F irst m tge ($1,004,000 are 4s) .c
Mississippi Arkansas & Western— F ir s t m tge g o ld - AC
Miss Cent— 1st M $10,000,000 g gu red ( t e x t ) - . S x c *
Mo& 111 Br& Belt— S t C M & S t L B 1st M red g-SSt.c*
C o n so lid a te d m o rtg age $2,000,000 au thorized g o ld Mlssouri Kansas & Texas— Pref stoc k 4% n o n -c u m ._
F ir s t m o rtg age g o ld ____________________________Ce
Se c o n d m o rtg age g o ld ______________
Me
F ir s t extension m o rtgage gold $3,254,000_____ Ce.c*
S t L o u is D iv is io n first re fu n d in g m o r tg a g e _____F.c*
M isso u ri K a n s a s & E a s te r n 1st M go ld a s s u m e d -- C e
Secon d m o rtgage gu a ran te e d , b e in g re tire d _____
S h S h A So 1st M ($20,000 p m ) g o ld a ssu m e d -C e .c *
K a n s a s C it y A P acific 1st M g o ld a ssu m e d ____Cec*
M K & O k la 1st M $5,468,000 go ld a ssu m e d __ Ce.c*
T e x a s A O k la 1st M $2,347,000 g o ld a ssu m e d -C e .c *
F ir s t a n d re fu n d in g M $40,000,000 g o ld (see text) - F
G en M $20,000,000 g o ld s ln k ’g fu n d red a t pa r N c*
S W C 4 Im p 1st M a ssu m ed sin k fu n d call a t 1 2 5 .F
N e w m tge $125,000,000 g o ld a u th o r iz e d _________
O n e ye a r 5 % secured go ld notes red a t p a r ---------D a lla s A W a c o 1st M $20,000 p m g g u a r p & I.C e .c *
M K & T of T e x a s 1st M $20,000 p m . C e . c * ! G u a r pr
B o o n v llle B rid g e 1st M go ld sin k f d - C e . c * / A Inter.
M is s o u r i & N o rth A r k — A lle g h e n y Im p t notes g red..
M o Okla & (lu ll R y — 1st M $10,000.000 g red text S S c *
M O & G R y A T e rm 1st M gu a r
M is s o u r i P acific— S to c k ($100,000,000 au thorized )
P aclflo R R of M isso u ri 1st M ex t In 1888 g o ld — M e
Second m tge ext In 1801 In g o ld S t L to K 0 - - C *
F ir s t m tge S t L o u is real estate ex t In 1892 g o ld - F lr s t m tge C a ro n B r g gu p & 1 (end) extend 1893
T h ir d M ext In 1906 red 105 ( V 83, p 492, 1348)Ce
M isso u ri P a c 1st M L e x in g to n to Se d a lla , M o . gold
ties
oad
D ate
B onds
495
286
710
710
1886
1886
1888
1899
22
164
1886
1902
1909
1901
1904
599
599
163
162
162
182
130
227
117
__
___
66
225
350
283
283
13
296
55
1890
1890
1894
1901
1892
1892
1893
1890
1902
1903
1904
1006
1889
1910
1910
1890
1892
1901
1906
1904
1868
1871
1872
1873
1876
1880
Par
V a lu e
A m ou n t
O utstanding
R ate
%
W hen
P a y a b le
Last D ividend
and M a tu rity
$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 A c
1.000
1,000
100
500 A c
500 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
250 A c
1,000
1,000
$8,204,000
3
4 g
286,000
4 (5) J
50,705,000
J
4 g
3,500,000
J
4 g
J
1,263.000
5
A
1,220,000
K
4 & 5
1,908,000
220,000
J
5 g
J
4,100,000
5 g
758,500
J
4 g
790.000
4 g
J
13,000,000 4 In 1010 M
J
40,000,000
4 g
F
20,000,000
4 g
M
3,254,000
5 g
1,923,000
A
4 g
4,000,000
A
5 g
59,000
A
5 g
1,689,000
5 g
J
2,500,000
F
4 g
5,468,000
M
5 g
M
2,347,000
6 g
10,438,000
M
4 g
14,757,000
4H g J
968,000
6
J
J J a n 1 1926
J J a n 1 1936
J J u ly 1 1038
J J a n 1 1949
J T o J u ly 1 1917
A O T o A p r 1 1920
& A A u g 1 1916
A
.1 J a n 1 1922
& J J u ly 1 1940
A
.J J a n 11951
A
J J a n 1 1951
A N N o v 10 1 9 1 0 2 %
& D June 1 1990
& A Ju n e 1 1090
A N N o v 1 1944
A O A p r 1 2001
& () A p r 1 1942
A <) A p r 1 1942
& D June 1 1943
& A A u g 1 1990
& N M a y 1 1942
& S Se p t 1 1943
& S Se p t 1 2004
A
J J a n 1 1936
&
J J u ly 1 1029
1,000 A c
1,000
1,000
1,000
10,000,000
5_’g
F
M
1,340,000
5 g
4,505,000
M
5 g
1,000,000
M
4 g
6,000,000
6-fiT
5,610,500
M
5 g
550,000
M
5 g
83,251,000 See text J
7,000,000
F
4g
2,573,000
J
5 g
800,000
M
5 g
237,500
4« g A
3.828,000
4
M
650,000
F
5 g
&
A
&
&
A
N
S
N
&
&
&
&
A
A
A
A
A
N
N
J
A
J
N
O
N
A
100 A c
100
1,000
1,000
500 A c
500
1,000
500 A c
&
A
A
&
P la ces W here Interest anti)
D ivid en d s are P a y a b le
B a n k of M o n tre a l, N Y
do
do
do
do
do
do
do
do
do
da
1st N a t B k . s t P a u l , M i n a
A m e r T r A S a v B k , O hio
H a r v e y F is k A S o n s, N Y
S t L o u is U n io n T r u s t C o
C h ecks m aile d.
O ffice. 49 W a ll S t. N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
A u g 1 1911
do
do
N o v 1 1940
do
do
Se p t 1 1942
do
do
N o v 1 1951
O c t 1 1911
S t L o u is U n io n T r Co
N o v 1 1944
do
N o v 1 1944
Jan 30 1908 2 H 165 B r o a d w a y ,N e w Y o r k
A u g 11 938
M erca n tile T r u s t C o , N Y
J u ly 1 1938
do
do
M a y 1 1938
do
do
O c t 1 1938
do
do
J u ly 1 1938
do
do
A u g 1 1920
do
do
B O N D S . — M . K . A T . 1st a n d 2d m tge s. of 1890 (a b stra cts In V . 51, p.
500 h a d been so ld . In tere st. It Is stated. Is gu aran teed d u r in g co n stru c tio n
495) cover, besides r ig h t to la n d gra n t, 15,90 m iles of road , Incl. line H a n n i
a n d fo r tw o years after co m p letion of entire sy ste m b y W m . K e n c flc k
bal, M o ., to B o g g y T a n k (except 71 m . tra ck a g e ), su n d r y branches, a n d
(C on stru ction ) Co. of K a n s a s C tly , M o .
V . 88, p. 686; V . 90, p. 077, 1171,
S h e rm a n S h re ve p o rt & S o u ., b u t see below.
1363. T h e M . O . A G . R y . & T e rm . 5s, gu ar, b y the M . O . & G . R y . , are
M is s o u r i K a n sa s A E a stern bonds were assu m e d In Ju n e 1896. (V . 63,
secured on the line between R e d R iv e r a n d D en ison , T e x ., 9 m iles; b rid ge
p. 30.)
$4,669,000 S t . L o u is d lv . 1st refg. b o n d s reserved for retirem ent
over the R e d R iv e r u n d er co nstru ction , the b o n d s b ein g Issued b y a se pa
of b o th Issues; balan ce fo r ext. a n d Im p ts.
V . 72, p . 1034; V 75, p. 608.
rate c o m p a n y to m eet legal requirem ents.
S herm an Shreveport A S o . m tge . Is for $6,000,000 a t $20,000 per m .; Iss'd
O F F I C E R S . — P res., W m . K en eflck. K a n s a s C it y , M o .; V . - P . a n d
o f w hich $2,000,000 pledged u n d er M . K . A T . m tge . of 1890. T re as., W . P . D e w a r; Seo., E . R . Jones. G eneral offices. M u sk o ge e , O k la .
f 3,689,000,
lo n ds, gu a r., were assu m e d on consol. In 1901. V . 72, p. 1034, 1115.
— (V . 87, p. 415; V . 88, p. 686; V . 90, p. 977, 1171, 1239, 1363.)
T h e M isso u ri K a n s a s A O k la h o m a a n d T e x a s A O k la h o m a bon d s, Issued
(1) MI SS O U RI P A C I F I C R Y . — (.See M a p .) — O pe rates an Im p o r ta n t s y s
a t $20,000 per m ile, guaran teed , h ave been a ssu m ed . V 74, p. 1038;
tem e x te n d in g w este rly a n d so u th w e ste rly fro m S t. L o u is, M o ., In c lu d in g
V . 75, p. 185, 733; V . 77, p. 252; V . 78, p. 48; V . 79, p. 968.
m ain lines from S t. L o u is to O m a h a , N e b ., 494 m ., a n d from K a n . C it y toO f the 1st a n d re fu n d in g 4s of 1904 ($40,000,000 au th o riz e d Issu e ), $12,
P u e b lo , C o l., 624 m ., w ith m a n y branches In K a n s a s , A c. T h r o u g h the S t.
037,000 Is reserved to retire d iv isio n a l m o rtg a ge s a t o r before m a tu rity : L o u is Ir o n M t . A S o u th e rn , w h ic h It controls, connection Is had w ith T e x a s
b alan ce unissued ($17,525,000) for fu tu re pu rposes. T h e y are p a y a b le a t
a n d the lines o f the T e x . & P ac., In te rn a t. A G t. N o rth e rn a n d the S t. L o u is
the o p tio n of the hold er In sterlin g, m a r k s or fran cs. T h e y are a second
Sou th w estern , the w hole fo rm in g w h a t Is k n o w n a s the " G o u ld S y s t e m .”
lien on 507 m iles of roa d a n d on the first m tge . b o n d s of D e n iso n & W a s h it a
L in es ow ned.
M ile s . \ Leased lin es, A c . ( C o n .).
M ile s .
V a lle y R y . , 47 m iles, a n d a first lien on te rm in a ls a n d eq u ip m e n t of esti
39
S t. L o u is to O m a h a ............... 494 lO th c r lin e s.............................
m ated va lu e of $24,380,000. V . 79, p. 968, 1281, 1332; V . 80, p. 222,
K a n . C y ., M o ., to P u e b lo , C o l. 62 4| Trackage to S t . Josep h, A c __
21
712; V . 81, p. 613; V . 82. p. 987, 1497; V 86. p. 1101: V 88, p 158. 295.
O th e r m ain line a n d b ra n ch e s..2 ,6 5 8 i
O f the $20,000,000 gen. M . 4 H s . $3,170,000 were so ld In Jan . 1909 for
Leased lin es, A c .
|
--------equipm en t. S in k , fu n d, 2 % of o u tsta n d in g b o n d s y e a rly b e gin n in g J an . 1
B o o n v llle S t. L . & S o u th e r n __
44 IT o t .M o .P a c . an d b ra n ch lln e s.3 ,8 7 9
1911. V . 82, p. 218, 334, 692; V 84, p. 1551; V . 85, p. 346, 654; V . 88,
A ls o co ntrols S t. L ou l3 Ir o n M tn . A So u . a n d leased lines, 2,609 m iles.
p. 101, 158.
G ra n d to ta l M isso u ri P acific m ileage A u g . 30 1900, 6,489 m iles.
T h e stockhold ers on Ju n e 30 1910 a u tho rized a new m ortgage , lim ite d to
T h e M iss o u r i Paclflo R y . Co. ow n s a b o u t 4 0 % of the stoc k of the D e n v e r
$125,000,000, to secure b o n d s b e a rin g Interest from A p r il 1 1910 a t n ot over
A R i o G ran d e R R . Co., the la tte r ex te n d in g from P u e b lo to S a lt L a k e C it y ,
5%.
V . 90, p. 1491: V . 91, p. 336.
w hile the D . A R . G . R R . Co. ow n s a m a jo rity of the stoc k of the W e ste rn
O n A u g . 1 1910 so ld $10,000,000 1-year 5 % notes dated A u g . 1 1910, to
P a c. R y . Co ., w hose line, e x te n d in g from S a lt L a k e C it y to S a n F ra n cisco ,
be u ltim a te ly secured b y $3,000,000 M . K . A T . T e rm . Co. of S t. L o u is
w a s com pleted In 1910. T h e M iss o u r i P a c. R y . Co. Is t h u s a n In te g ra l p a rt
1st M . 5 % g o ld bonds, $3,856,400 T e x a s Ce n tra l pref. a n d com . sto c k a n d
of a tran s-co n tin e n tal line e x te n d in g from S t . L o u is to S a n F ra n cisco .
a n y a d d itio n a l a m o u n ts of the $4,000,000 acqu ired (or a p p ro x im a te ly
S T O C K . — S t o c k au tho rized , a s Increased b y the c o n so lid a tio n w it h co n
$3,700,000 T e x a s Ce ntral consol. M . 6 % b on d s a n d $300,000 stock to be
stitu e n t co m pa n ies In A u g . 1909, $240,000,000; $83,251,000 of new co m
Issued In lieu thereof), a n d $6,300,000 M , K . A T . gen. M . 4 > £ % bon d s.
p a n y ’s sto c k w ill be Issued In e x chan ge for sto c k s of co n stitu e n t com paniesV . 01, p. 04, 463, 519, 799.
(lncl. old M o . P ac.) m erged In 1909. V . 85, p. 1646; V . 89, p. 348.
G U A R A N T I E S . — B o o n v llle B r id g e 4s, see V . 73, p. 494.
D I V S . f ’82 ’83 to ’87 ’88 ’89 ’90 ’01 ’92-’00 ’01 ’02 to ’07 1908
None
M . K . & T . o ) T exa s m tge., $10,000,000, see g u a r a n ty , V . 56, p. 604.
P e r c t . l 6 > i 7 y ’ly .
5 yi 4
4
3 N o n e.
5 y ’ly .
2 } * s t k . since.
r j T h e Southwestern Coal A Im provem ent C o .’s b o n d s are gu aran teed . M o r t
B
O
N
D
S
.
—
T
h
e
consolidated
m
ortgage
Is
for
$30,000,000—
trustees
J
o
h
n F.
ga ge ($1,000,000) covers coal la n d s In In d ia n T e rrito ry ; the c o m p a n y also
D illo n a n d E d w a r d D . A d a m s — the balance un issu e d Is In tru st to redeem
ow n s 2,350 acres a d d itio n a l. D e n . A W a s h . R y . , 47 m iles, m ines, &c.
p
rio
r
b
o
n
d
s
due
If
deemed
best.
A
b
st
r
a
c
t
In
V
.
47,
p.
287.
L A T E S T E A R N I N G S . — F o r 2 m o n th s e n d in g A u g . 31 (ln cl. In 1910 the
T h e collateral trust bonds due 1917 (U n io n T r u s t C o m p a n y o f N e w Y o r k ,
T e x a s C e ntral):
trustee) are secured b y m o rtg a ge b o n d s o f new ro a d s a t $12,000 o r $15,000
2 M o s .—
C ross.
N et.
Other In c .
Charges.
B alance.
per m ile; these e m b ra c in g the line from F o r t S c o tt, K a n . , to P u e b lo , C o lo.,
1 9 1 0 .............. $4,437,970 $1,092,127
$37,274
$1,172,956 dcf.$43,552
& c. F o r securities pledged, A c., see V . 46, p. 678.
19 09_________ 4,093,323 1,343,314
8,240
1,075,832 sur.275,722
T h e 4s of 1905 are lim ite d u n d er the "f ir s t a n d re fu n d in g ” m o rtg a ge to
A N N U A L R E P O R T . — A n n u a l m eetin g first T h u r s d a y a fter first M o n d a y
the $37,255,000 o u tsta n d in g; th ey are secured b y a n equ al a m o u n t a t p a r
In A p ril. R e p o rt 1909-10 w as giv e n a t le n gth In V . 91, p. 786, 799.
of Ir o n M tn . stock. C o m p a re V . 80, p. 712; V . 86, p. 1344; V . 89, p. 1347.
Y ear ending J u n e 30—
1910.
1909.
1908.
T h e first re fu n d in g m o rtg age of the K a n sa s A Colorado P a cific m ad e In
G ro ss e a rn in g s......... - ....................... $26,559,346 $25,300,915 $23,283,669
1908 (V . 86, p. 229, 286; V . 88. p. 452) Is lim ite d to $50,000,000 (a t n o t to
O p e ra tin g expenses a n d t a x e s _______ 20,198,967 18,634,715 17,120,350
exceed $30,000 p. m .. In c lu d in g $15,544 p. m . of p rio r u n d e rly in g b o n d s):
$20,687,000 b on d s secured thereb y were Issued, b u t of these $16,715,000O p e ra tin g In co m e ________________ $6,360,379 $6,666,200 $6,163,319
h ave been pledged under the new M isso u ri P ac. "f ir s t a n d r e f u n d in g "
N e t In c o m e ________________________ $6,658,250 $6,847,635 $6,544,741
m ortgage ; $23,532,000 to retire u n d e rly in g b o n d s of co n stitu e n t c o m p a n ie s
D ed uct—
a t present held b y trustee of M o . P ac. R y . coll, tru st 5s of 1917 a n d 1920;
In te re st on b o n d s__________________ $4,801,355 $4,770,634 $4,670,628
$6,781,000 reserved for exten. or Im p ro v .
V . 90, p. 1171; V . 91, p .3 3 7 .
31,433
83,019
O th e r In tere st______________________
11,032
705,320
R e n t a ls _____________
530,408
507,406
F I R S T A N D R E F U N D I N G M O R T G A G E D A T E D 1909— A U T H O R
77,278
H ire of e q u ip m e n t_________________
99,080
I Z E D I S S U E , $175,000,000.
520,000
D iv id e n d s o n preferred sto c k ( 4 % ) . .
520,000
520,000
T h e "f ir s t a n d r e fu n d in g ” b o n d s of the M iss o u r i P a cific R y . C o ., d a te d
1909, are lim ite d to a to ta l of $175,000,000, b e a rin g Interest to be fixed fo r
Balan oe , s u rp lu s_________________
$521,463
$866,296
$827,274
successive Issues a t n o t to exceed 5 % , a n d . If desired, w ith co nve rsion rig h t s.
O F F I C E R S . — Pres., A . A . A llen , S t . L o u is; V . -P ., C . H a lle , S t . L o u is;
See circular, V . 89, p. 1347. T h e Issue w ill be su b le c t to call a t 110 a n d
Sec. a n d Tre as., C . N . W h ite h e a d , 49 W a ll St., N e w Y o r k .
Interest on a n y Interest d a y b e g in n in g Sept. 1 1917, either a s a w hole, or In
D ire cto rs.— E d w in H a w le y (C h a irm a n ), B . F . Y o a k u m , H a n s W ln te ra m o u n ts equ al to the pledged S t . L . Ir o n M t n . A S o u . b o n d s In wise th e se
feld t, F ra n k A . V a n d e rllp , F r a n k T r u m b u ll, Jam e s N . W a llac e , H a r r y S.
la st sh o u ld be redeemed. T h e Im m e d iate Issue co n sists of $29,806,000 5 %
B la c k , N e w Y o r k ; A . A . A llen , J am e s C a m p b e ll, J am e s H a g e rm a n , S t.
Series A b o n d s convertible a t face v a lu e a t ho ld e r’s option In to sto c k a t p a r
L o u is, M o .; F r a n k P . Frazier, C h icago ; E d w a r d S . R e a , A lfred J. P oor,
fro m Se p t. 1 1912 to Se p t. 1 1932, a n d w ith in su c h period up to 30 d a y s of
E . B . Steven s, K a n s a s ; H . J. D e M a rez O y e n s, A m ste rd a m . H o lla n d ; a n d
d ate of redem ption. It called for p a ym e n t; these were su b scrib e d for b y
A lfre d W . Sm lth e rs, L o n d o n , E n g . — (V . 91, p. 336, 394, 463, 786, 799.)
sh areh old ers a t 95 In J a n . 1910
See "G e n e r a l F in a nces.
MISSOURI & NORTH ARKANSAS RR. — J o p lin , M o ., to H elen a, A r k ., P u rp o ses fo r W hich the $175,000,000 F irst and R efu n d in g B on d s M a g N ow
361 J4 m iles, of w hich N e osho , M o., to J o p lin , 19 m iles, a n d Se llg m a n , A r k .,
B e Issu ed or A r e R eserved.
to W o o d ru ff, 9 m iles, are track age. Co m p lete d In 1909. V . 86, p. 168.
Issu a b le fo rth w ith a s Series A 5 % conve rtib le b o n d s (1) $19.
Successor, per p lan V . 82, p. 569, 1269; V . 83, p. 39, o f S t. L o u is A N o r th
700,000 u pon deposit of a like a m o u n t of u n d e rly in g b o n d s
A rk a n s a s , foreclosed, since extended.
(In c lu d in g $16,715,000 of the $20,687,000 K a n . A Col. P ac.
S to c k authorized, $25,000 per m ile.
I n A u g . 1906 a m o rtg age w as filed
b o n d s heretofore certified, th u s p ro v id in g for p a y m e n t of
to secure an Issue of $11,500,000 50-year 4 % go ld b on d s (St. L o u is U n io n
flo a tin g d eb t a n d not less th a n $4,653,000 for Im p r o v ’ts.; (2)
T r u s t Co ., trustee) Issuab le at $25,000 per m ile.
E n tir e stoc k a n d b o n d s
$5,300,000 to acquire a like a m o u n t of S t. L . I . M . & So. Im are pledged to secure $6,000,000 5-year 5 % go ld notes of the A lle g h e n y
p r o v ’t b onds, a n d (3) $4,806,000 for a d d 'n s, bette rm ’ts, A c.
Im p ro v e m e n t Co ., due O ct. 1 1911, b u t redeem able on a n y Interest d a y ;
- - - - - - ............... $29,806,800
(V . 90, p. 1296).............................
Interest p a ya b le A . A O . a t S t. L o u is U n io n T r u s t Co., trustee. V . 85, p. 99.
R eserved to refund a like a m o u n t of u n d e rly in g b o n d s......... 66,293,000
O u t st a n d in g M a y 26 1909, $7,689,500 each of sto c k a n d bonds.
Reserved to p ro v id e p re m iu m s, A c ., If required In r e f u n d in g .. 4,040,500
F o r y e a r e n d in g J u n e 30 1909 (345 aver, m ile s), gross, $486,371; net,
R e se rv e d to retire a like a m o u n t of eq u ip m e n t o b lig a tio n s-----6,500,900
$15,774
I n 1907-08 (141 aver, m ile s), gross, $355,202; net, $7,459; oth er
Re se rv e d (together w ith a n y b o n d s n o t required for refu n din g)
In c ., $1,971; tax es a n d ren tals, $17,283; b a l., def., $7,853. C h a irm a n , D .
for exten sion s, b etterm en ts a n d eq u ip m e n t a n d b o n d s secured
R . Fra n cis; Pres., J o h n Sc u llln ; V Ice -P re s., Geo. L . S a n d s .— (V . 86, p. 857.)
b y first m o rtg a ge on u n io n depots, sta tio n s a n d te rm in a l
facilities u n d e r careful restriction s (seo note b e lo w )________ 48,068,500
MISSOURI OKLAHOMA & GULF R A I L W A Y — O w n s a n d oper
R e se rv e d to acqu ire a like a m o u n t of S t. L , I . M . A S o u . 5 %
ates 229.72 m iles of m a in track a n d 20.6 m iles of sid in g s ex te n d in g from
Im p ro v e m e n t b o n d s ........... ......... - ............................. ......... 19,700,800
W a g o n e r to D e n iso n , v ia M u sk o ge e a n d H e n ry e tta .
B ra n ch e s, D e w a r to
N o te .— B o n d s converted in to sto c k a n d canceled, b u t o n ly to a n a ggre ga te
C o alto n , 5 m ., a n d A rk a n s a s Jet. to Low errce, 2.4 m .
E x te n sio n from
of $40,000,000, m a y be re-lssued for a d d itio n s, equ ipm en t, A c.
W a g o n e r, O k la ., to J o p lin , M o ., 120 m ., u n d e r co n stru ction In June 1910.
T h e Issue Is secured b y a direct Hen on 3,779 m iles first m ain t r a c k a n d
M a in line, 70-lb. steel rails: sid in gs, 60-lb. steel r a il— operated In de pcn d cn t952 m iles of other track , su b ject to $66,293,000 u n d e rly in g b on d s: a lso
y . O w n s 2 steel gird er brid ges over V e rd ig ris a n d A r k a n s a s rivers, w hich
re use d as to ll bridges.
E x te n siv e te rm in a l p ro p e rty a t c ity of M u sk ogee. su b je ct to certain u n d e ry lln g b o n d s on the entire eq u ip m e n t v a lu e d a t
$18,621,297, a n d a ll other p ro p e rty n ow ow ned o r hereafter acqu ired : a lso
S T O C K . — A u th o riz e d $10,000,000; o u tsta n d in g , $5,610,500; par, $100.
b y pledge of the new 50-year 5 % S t . L . I . M . A So. Im p ro v e m e n t b o n d s
B O N D S secured b y ab solu te 1st m tge. o n entire prop e rty now ow ned
(lim ite d to $25,000,000) a s Issued, of w hich $5,300,000 to be d eposited a t
o r hereafter acquired, lim ited to $25,000 per m ile, to be Issued u p on c o m once, h a v in g a first lien on 228 m iles of first m a in tra c k a n d a direct m o rtg a g e
pletion o f 5-m lle sections.
T h e y are su b ject to call a t 107 an d Interest
su bject to e x istin g liens on 2,902 m iles of first m a in tra ck , c o n s titu tin g
a fter N o v . 1 1909 o n 6 m os. notice. V . 86, p. 1043. I n J u ly 1910 $5,610,p ra c tic a lly the S t . L o u is Ir o n M t n . & So u th e rn sy ste m .
R A IL R O A D C O M P A N IE S
I F o r a b b r e v ia tio n s , & c ., s e e n o te s o n fi r s t p a g e J
_l
M issou ri P a c ( C o n c l ) — C on sol M $3 0 ,0 0 0 ,0 0 0 g o l d , c
G old colla tera l tr u s t_________________
U n c*~&r
F irst c o ll M $ 1 0 ,0 0 0 ,0 0 0 g (V 50, p 6 0 9 )- -M e .c * r A r
M ortg age $37 ,2 5 5 ,0 0 0 g red at 1 0 2 H - - - M e .x c * & r *
Ler A G an cy V a l 1st M g o ld gu ar ( V 70, p 1 0 9 5 )--C *
V erd igris V a l In d ep en d e n ce & VV 1st M g o ld g u a r . .
& N VV 1st M p r e f “ A ” g o ld Int ren t red 1 0 5 .M e
Cen tral B ran ch U P 1st m tge g o ld a s s u m e d ..U n .c *
C entral B ran ch 1st M g o ld a s s u m e d ____________ .M e
K a n A Col P a c 1st ret M g gu p & I________ Eq .xc* A r
F irst & ret M $17 5 ,0 0 0 ,0 0 0 red c o n v t e x t . G .x c * A r*
E q u ip A s s ’ n ob lig a tion s $ 2 0 3,00 0 p a y S ep t 1 yea rly
do
do
Ser B g o ld $ 97 ,000 d u e M ch 1 y e a r ly ,
do
do
Ser C g o ld $ 2 8 2,00 0 Jun e 1 y e a r ly .M e
do
do
Ser D to F gold $1 0 3 ,0 0 0 D e c 1 yearly
do
do
Ser G t o I g o ld $22 0 ,0 0 0 y e a r ly ______
„ M o P a c e q u ip b on d s g $ 3 3 5,00 0 M ay 1 y r l y . . K .c + A r
M o P ac S y s te m — St L ou is Iron M t & Sou th ern R y —
Gen con3 & first g u a r m tg e ($ 4 5 ,0 0 0 ,0 0 0 ) g - - . M e . c *
do
do
g old s ta m p e d gu a ra n te e d p A 1— c*
U n ify in g * refu nd M g o ld $ 4 0 ,0 0 0 ,0 0 0 .. _ M p .x c* & r
R iv e r A G D lvs 1st M * 5 0 ,0 0 0 .0 0 0 g ____ M e .x c * A r *
Im p r o v e m e n t m tg e -2 5 ,0 0 0 ,0 0 0 g o l d _______________
Car trusts L to M d u e June, S e p t an d D e c y e a r ly ___
Car trusts S er N t o P $ 3 5 5 ,0 0 0 o r $35 7 ,0 0 0 y e a r l y ..
do
d o Ser R t o U , part y e a r ly ________ ______
do
do
g old $36 6 ,0 0 0 Jun e y e a r ly . M e c A r
L ittle R o c k Ju n e 1st M a s s u m e d _____________ M e.c*
P in e Blutt & W est 1st M a ssu m e d red 10 years 1 0 5 ..
A rk a n sas M id lan d 1st M g o ld a s s u m e d . . ___________
L ittle R o c k A H o t S p 1st M g a s s u m e d ________ SSt
S t L ou is W a t k ’s A G u lf 1st M g A £ a s s u m e d _____ F
M obile & B irm in gh am R R — P re f s to c k ($ 9 0 0 ,0 0 0 )___
P rio r lien g old $ 6 0 0 ,0 0 0 ................................................C e.c
F irst M ortg a ge $ 1 ,2 0 0 ,0 0 0 .........................................M e.c
M ob ile & O h io — S t o c k _________________________________ _
F irst M M obile to C olu m b u s (p rin cip a l g o l d ) ___F.c*
F irst M e x te n C olu m b u s to C airo A bra n ch g ___F.c
G eneral m tg e fo r $ 1 0 ,5 0 0 ,0 0 0 (n ow gold) s f . _ F c *
M on tg om D lv 1st M $ 4 ,0 0 0 ,0 0 0 g ( V 66 p 1045) .C e.c*
C ollateral tru st g o ld ($ 2 ,5 0 0 ,0 0 0 ) call at par (l.c *
M ile s
R oad,
1,076
1,120
671
‘ 52
81
100
288
D a te
B onds
1879
1883
1888
1897
1900
1,000
1,000
1,000
1,000 A c
_________
1,000
1,000
1,000
1,000
1,000
1,666
$ A £
100
200, 1000
200, 1000
to o
500 A c
1.000
500 A c
t .o o o
i .o o o
I h e y are a first Uen a t o n ce on 165 m iles o f first m ain tra ck and a fte r
retirem en t on o r b e fo re N o v . 1 1920 o f $ 43 ,025 ,00 0 o f the u n d e rly in g b o n d s,
on a t least 3 ,0 7 9 m iles o f the present m ileage o f 3,7 7 9 m iles b y a d ire ct
m ortg a g e on 1,712 m iles th e re o f, an d d e p o sit o f a t least $38 ,4 4 1 ,0 0 0 o f a
to ta l lim ited to $43 ,2 1 9 ,0 0 0 b o n d s secured b y first m o rtg a g e on 1,367 m iles.
N o u n d erly in g b on d s In hands o f p u b lic can be e x te n d e d .
^ L FINANCES.— ’The c o m p a n y on Jun e 30 1909 o w n e d $ 2 ,0 0 0 ,
000 W a b a s h R R . p ref. s to c k an d th e S t. L ou is A Iron M tn. $ 9 ,3 2 6 ,2 0 0 p re f.
a n d $2,8 ^ 6 ,2 0 0 c o m . s t o c k an d $ 2 ,9 1 3 ,2 0 0 first refu n d in g an d e x te n sio n
2 ® '
See W a b a sh R R
S to ck h o ld e rs In Jan . 1910 su b scrib e d fo r $2 9 ,
806 000 Series A co n v e r tib le " fir s t and r e fu n d in g ” 5s a t 95, t o p r o v id e fo r
floa tin g d e b t , Im pro v ts an d a d d ’ ns. V . 89, p . 1347; V . 90, p . 771.
T h e m o rtg a g e d e b t u p o n lines secu rin g th e n ew “ first an d r e fu n d in g ”
m o r tg a g e , a fte r the issue o f the $2 9 ,8 0 6 ,0 0 0 Scries A b o n d s , in clu d in g all
o u ts ta n d in g u n d erly in g b o n d s, was t o b e a t rate o f a b o u t $25 ,500 per m ile
2» e x c lusiv c o f the s e cu rity to be a ffo rd e d b y p led ge o f a t least
$ o , 3 00 ,000 b on d s o f S t. L o u is Ir o n M ou n tain & S o u th e rn .
E A R N I N G S .— 12 m o s ., ( 1 9 0 9 - 1 0 . . G ross, $ 5 3 ,0 1 9 ,1 3 5 ; n e t, $ 15 ,471 ,76 6
J u ly 1 to Ju n e 3 0 .
\ 1 9 0 8 -0 9 ..G r o s s , 4 6 ,3 8 5 ,5 4 2 ; n e t, 1 2 ,4 5 9 ,0 3 0
A N N U A L R E P O R T .— F iscal y e a r e n ds Jun e 30. R e p o r t fo r y e a r e n d in g
Ju n e 30 1909 In V . 89, p . 1539; e d ito ria l, p . 1513.
A n nual m e e tin g Is
held a t S t. L ou is In M arch . R e p o r t o f earnings o f M issouri P a cific S y s t e m
h a ve been as b e lo w .
" O t h e r in c o m e ” In 1908-09 Inclu des: W a b a s h 1st re f.
an d e x t . m t g e ., $15 7 ,3 8 7 ; P a cific E x p re ss C o ., $ 46 4,00 0; D e n v e r A R io
G ra n d e, $ 36 5,00 0; S t. L ou is W a tk in s A G u lf. A c ., $ 70 7,65 6.
1908-09.
1907-08.
1906-07.
M iles o p e r a te d , a v e r a g e ______ _________
6,489
6,479
6,375
$ 46 ,385 ,54 3 $ 44 ,238 ,70 3 $ 48 ,703 ,34 3
T o t a l e a rn in g s ........ ...................
1 2,592,415 16,188,272
N e t e a r n in g s .................................................. 1 2 ,459,030
O th er In com e.
A c ...................................
1,694,043
2 ,8 7 5 ,2 9 8
3,2 8 3 ,2 8 3
T o ta l n et In c o m e .......... ......... ..............$ 1 4 ,1 5 3 ,0 7 3 $1 5 ,4 6 7 ,7 1 3 $19 ,4 7 1 ,5 5 5
In te r e s t an d r e n ta ls .......... .............
$9,3 8 0 ,3 0 7
$ 9 ,0 6 0 ,8 7 5
$9,1 4 5 ,1 8 9
T a x e s ...........................................
1,715,758
1 ,483,949
1 ,644,057
S u n d ry a c c o u n t s . . ................
1,992,499
1,692,751
1 ,228,628
D iv id e n d s ______________________________
_________
1,9 3 5 ,2 1 0
3 ,8 9 0 ,8 7 5
R a te o f d iv id e n d ______________________
_________
(2 H % )
(5 % )
B a la n ce, s u rp lu s..................................... $T7004,509 $ 1 ,0 5 0 ,5 0 6
$3,8 0 7 ,2 2 8
P res., G eorge J . G ou ld - S e c . an d T r e a s ., A II. C alef, 165 B ’w a y , N . Y .
D ir e c to rs — G eorge J . G o u ld , E d w in G o u ld . E d w a rd T . jc t l c r y , J . J .
S lo c u m , H o w a rd G ou ld , F re d . T . G ates, F ran k J . G o u ld , ICingdon G o u ld ,
R . M . G a llo w a y , C ornelius V a n d e r b ilt, N ew Y o r k ; Charles S . C larke, O . L .
G arrison . W . K . B lx b y , S t. L ou is M o. N ew Y o r k o ffic e 165 B ’w a y .
— ( V . 90, p . 560, 698 , 77 1 , 1102, 1171, 1296: V . 91, p . 276 , 337.)
(2) MISSOU RI PACIFIC SYSTEM— ST. LOUIS IRON MOUN TA IN &
SOUTHERN R Y . — (.See M a p .) — O w ns S t. L ou is to T e x a rk a n a , T e x . L in e
490 m iles; bra n ch es to B e lm o n t, M o ., B ird 's P t ., M o. (C a iro ), C a m d en,
A r k ., H elen a , A r k ., C u sh m an , A r k ., A rkansas C ity , A r k ., W a rre n , A r k .,
M em phis. T e n n ., A c .; H o u s to n Central A rkansas A N orthern R y ., Me G hee,
A r k ., to A lex a n d ria . L a .. 262 m .; W h ite R iv e r b r a n c h , Illinois D ivision ,
M em phis H elena & L ou isian a, E a st A W e s t Illin ois R y ., 1,544 m .; total
ow n ed J u ly 1 1909, 2,2 9 6 m . L eases L ittle R ock J u n ctio n H R .; K ansas A
A rkansas V a lley R R ., A c ., 312 m
T o ta l o n era ted J u ly 1 1909, 2,608 m .
Ttao lease o f the W h ite A B la ck R iv e r V a lley R R . , B rin k le y t o J a ck so n p o r t. A r k ., 56 m iles, w ith 6 m . b r a n c h , w as assum ed In 1910.
V . 90, p. 504.
T h e s tock h old ers v o t e d F e b . 2 1910 t o (1) pu rch ase th e A rkansas M id
la n d , L ittle R o c k A H o t S prin gs W estern , L ittle R o c k J u n ctio n , Pine
B lu ff & W estern , S t. L ou is W a tk in s & G u lf, A rka n sas A L ou isiana a n d o th e r
con trolled roads; (2) Increase th e a u th o rize d s to c k fro m $13 0 ,0 0 0 ,0 0 0 to
$ 1 9 0 ,0 0 0 ,0 0 0 , a n d (3) au th orize an Issue o f 5 % Im p ro v e m e n t g o ld b o n d s
lim ited to $ 2 5 ,0 0 0 ,0 0 0 , to b e d e p o site d , as Issued, u n d er the M o. P a c. " fir s t
an d Im p r o v e m e n t” b o n d Issue d escrib ed a b o v e .
V . 89, p . 1543.
O w ns $2 3 ,6 6 8 ,0 0 0 o f th e $ 2 4 ,984 ,75 6 T e x a s A P a cific se co n d s exch a n g e d
fo r 6 5 % In g old 4s. See “ B o n d s ” b e lo w .
S T O C K .— S to c k a u th o riz e d , $19 0 ,0 0 0 ,0 0 0 ; Increased fro m $ 1 3 0 ,0 0 0 ,
900 in F e b . 1910; o u ts ta n d in g , $ 4 4 ,3 9 0 ,5 7 3 , of w h ich $44 ,3 3 6 ,0 0 0 June
39 1909 ow n ed b y M issouri P a cific. See be lo w .
D I V I D E N D .— S in ce 190 1: 1902 to 1904, 1 0 % y e a r ly . 1905, 7; fiscal
yea r 1905-06, 14; 1906-07, 10; 1907-08, 5; 1908-09, 4; 1909-10, 6 % .
B O N D S .— G eneral c o n s o lid a te d m o r tg a g e Is fo r $ 4 5 ,0 0 0 ,0 0 0 . N os.
11,001 to 18,000 Inclu sive a re e n d orsed w ith th e M issouri P a cific g u a ra n ty o f
prin cipa l an d Interest: form o f g u a ra n ty was in V .5 6 , p. 650; th e y are a first
lien on 1,538 m iles.
(V . 68, p . 8 5 . 233, 520; V . 78, p. 704 , 1224.)
T h e g old 4s o f 1899 (first Issue $30 ,000 ,00 0) m a y b o Increased riot o v e r
$ 1 0 ,0 0 0 ,0 0 0 , a t $12 ,000 per m ile, fo r c o n s tru ctio n o r acq u isitio n and e q u ip
m en t o f bran ch es and ex te n sio n s. T h e y are secured b y a lien (s u b je c t o n ly
to th e general consols) on all th e railroad s, term inals and e q u ip m e n t o f th e
c o m p a n y ow n ed a t th e tim e o f the m ak in g thereof and also a first and o n ly
Hen on all s tock s and b on d s fo rm e r ly e m b ra ce d In th e trust o f th e gold fu n d
ing n o te Indenture, all leased and b ra n ch lines, or their b on d s and s to ck s
a cq u ired b y the loa n , an d $ 2 3 ,6 6 8 ,0 0 0 T e x a s A P a cific se co n d s, fu tu re e x te n
sion s. A c .
(V . 68, p. 619; V . 70. p . 997; V. 74. p. 206; V. 78, p . 704 , 1224.)
T h ere are also $37 ,905 first pref. 7 % Incom e b on d s d a te d 1879.
T h e original $2 0 ,0 0 0 ,0 0 0 R iv e r A G u lf D ivision s 4s o f 1903 w ere
secured b y a first lien on 678 m iles o f ro a d b u ilt o r u nd er c o n s tru ctio n (see
a b ov e) and on term inal p r o p e r ty a t S t. L ou is, E ast S t. L ou is. C airo an d
T h eb es, and 8 ,0 0 0 acres o f co a l lands In Illin o is, and d e p o s it o f the b o n d s o f
th e U n ion R y . o f M em phis.
A d d itio n a l b o n d s m a y b e Issued up to a total
o f $5 0 ,0 0 0 ,0 0 0 a t n o t o v e r $30,000 per m ile o f m ain line fo r new c o n s tru c
tion and $15 ,000 per m ile o f secon d track an d bran ch es, b u t n o t exce e d in g
th e a ctu a l c o s t , and fo r a d d itio n a l term in als, e q u ip m e n t, d o u b le tracks. <5cc
V . 7 6 , p. 543, 60 0 , 1085: V . 77, p. 1875, a p p lica tion to list, V. 77 n
203 6. 2049; see also V . 8 5 , p . 222; V . 8 6 . p . 230: V . 87. p. 167; V . 89. p 105
V . 90, n. 850: V . 91, p . 39.
P in e B luff A W e s t. 5s, see V . 7 8 , p . 103 . 769
T h e Im p rov em en t 4s o f 1909 ($ 2 5 ,0 0 0 ,0 0 0 a u th . Is s u e ), o f w hich $5,300 -’
000 to be Issued at o n c e , w ill be used fo r Im p ro ve m e n ts, a d d itio n s A c
T h e y w ill be p led g ed u n d er M o. P a c . " fir s t A r e fu n d in g " m tg e .
V 89
p . 1349, 1543.
s
’
A m ount
O u tsta n d in g
$1,0 0 0 $ 14 ,904 ,00 0
1880
1,000 1 4 ,376,000
1887
1890
1,000
9 .6 3 6 ,0 0 0
1905
500 A c 3 7 ,2 5 5 ,0 0 0
1,000
520 .000
1886
1,000
806 ,000
1886
1894
100 A c
1 ,026,000
1,000
1898
2 ,5 0 0 ,0 0 0
1899
1,000
3 ,4 5 9 ,0 0 0
1908 1,000 A c
3 ,9 7 2 ,0 0 0
1909
100 A c 29,8 0 6 ,0 0 0
1902
1,000
4 0 9 ,0 0 0
1903
1,000
194 .000
84 6,000
1903
1,000
1903
1.000
4 60 ,000
190 5 -7
1,000
1,331,000
1906
1,000
2 ,3 4 5 ,0 0 0
1.538 ’ 8 1 - ’ 87
1.538 ------1.543 1899
739 1903
1909
’ 9 5 -’ 03
1903
’0 5 -’06
1907
2 1891
44 1903
47
53 1899
100 1902
____
150 1895
150 1895
472
527
527
189
Par
V a lu e
R a te
W h en
P a y a b le
%
6
5
5
4
5
5
5
4
4
6
5
5
5
5
5
5
5
g
g
g
g
g
g
g
g
g
g
g
g
g
g
g
g
g
3 7 ,1 8 7 ,0 0 0
5 g
6,0 7 4 .0 0 0
5 g
3 0 ,5 2 9 ,0 0 0
4 g
3 3 ,0 4 8 ,0 0 0
4 g
5 ,300,000
5 g
245 ,000
5
763 .000
5
5
1.8 0 0 ,0 0 0
2 .5 6 2 ,0 0 0
5 g
435,000
0
880 ,000
5 g
176,000
6 g
1,140,000
4 g
983 ,360
5
4
900 ,000
600 ,000
5 g
1.200,000
4
6 ,070,600 See te x t
6
7 ,0 0 0 ,0 0 0
1 ,000,000
6 g
9,4 7 2 ,0 0 0
4 g
4 ,0 0 0 .0 0 0
5 g
2 .4 9 8 .0 0 0
4 £
L a s t D iv id e n d
an d M a tu rity
P la c e s W h ere In ter es t a n d
D iv id e n d s a r e P a y a b le
M ercantile T ru s t C o
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
M A N N ov 11920
M A S Jan 1 1917
F A A Aug 11920
M A
S Mch 1 1945
J
A
J J u ly 1 1926
M A S M ch 1 1 9 2 6
Jan 1 1933
J
A D Jun e 1 1948
F
A A F eb 1 1910
F A A F eb 1 1938
M A
S S e p t 1 1959
Q — M Sept 1911-1912
Q — M T o Men 1 1912
Q — M T o Jun e 1913
Q — M T o D ec 1914
Q — M T o D e c 1016
M A N M ay 1911-1917
N ew Y o r k
E q u ita b le T r u s t C o , N Y
do
do
do
do
do
do
do
do
K n ic k e r b o c k e r T r C o ,N Y
A
A O
A A O
J
A
J
M A N
Apr
Apr
J u ly
M ay
M ercantile T ru s t C o, N Y
do
do
do
do
do
do
Q uar.
Q— M
Q— M
Q— M
A A O
A A O
.1 A
J
J
A
J
J
A
J
J
& J
J
A
J
J
A
J
See t e x t
J
A U
Q — Jan
M A S
F
A A
O—F
T o D ee 1912
T o Jun e 1913
T o Ju n e 1917
T o Jun o 1917
A p r 1 1916
O ct 1 1923
J u ly 20 1911
J u ly 1 1939
Ju n e 1930
J u ly 1 1910 2%
J u ly 1 1945
J u ly 1 1945
Iune24 1910 4 %
D eo 1 1 9 2 7
J u ly 1 1927
Sent 1 1938
F e b 1 1947
M ay 1 1930
1
1
1
1
1931
1931
1929
1033
do
do
T o w n s e n d , W h e le n A C o
do
do
M erc T r C o , N Y & P h lla
M ercantile 'I r u s t C o, N Y
N ew Y o r k and St L ou is
N ew Y o r k
S t L ou is an d P h iladelph ia
Farm ers L & T r C o , N Y
J P M org& Co N Y ; A L o n
J P M organ & C o , N Y
do
do
M obile
F a rm ers’ L A T r C o, N Y
do
do
G allatin N a t B a n k , N Y
G allatin N at B a n k , N Y
G uaran tee T ru st C o , N Y
E A R N I N G S .— 12 m o s .,(1 9 0 9 - 1 0 . ..G r o s s , $ 2 6 ,9 1 6 ,8 9 0 ; n e t, $ 9 ,2 9 8 ,5 2 7
J u ly 1 t o Ju n e 30.
\ 1 9 0 8 - 0 9 . . . G ross, 2 3 ,2 4 2 ,2 3 5 ; n e t, 7 ,4 2 1 ,0 3 5
F o r 10 m o s. e n d in g A p ril 30 1910, n e t, $ 7 ,7 6 6 ,7 5 7 ; o th e r In com e, $ 50 5,
235; ch arges, $ 5 ,6 5 3 ,4 4 7 : b a l., s u r ., $ 2 ,6 1 8 ,5 4 5 .
V . 91, p. 39.
R E P O R T .— F o r 1908-09 In V . 89, p . 1539; 1906-07 Inaccu rate.
Y e a r s e n d i n g J a n e 30—
1908-9.
1907-8
1906-7.
M iles o p e ra te d en d o f y e a r ____________
2,6 0 9
2,599
2,594
G ross e a rn in g s................................................. $2 3 ,2 4 2 ,2 3 5 $ 21 ,793 ,29 4 $23 ,9 8 7 ,0 2 0
N e t e a r n in g s .................................................
7 ,4 2 4 ,0 3 5
6 ,7 9 7 ,6 0 6
8 ,9 2 4 ,6 4 6
O th er r e c e ip ts ................................................
602 ,5 9 7
1 ,505,557
1,9 1 8 ,7 6 5
T o ta l net In c o m e ............................................
8 ,0 2 6 ,6 3 2 8 ,3 0 3 .1 6 3
10,843,411
In te re st o n b o n d s .................... ................... 4 ,6 1 6 ,9 5 2
4 ,5 7 7 ,4 5 5
4,452,571
T a x e s , brid g e exp e n se s, ren tals, A c . .
1 ,6 0 7 ,5 2 4
1,3 6 7 ,5 5 6
1 ,316,478
D i v i d e n d s ................................................... (4 )1 ,7 7 5 ,6 4 5 (5 )2 ,2 1 9 .5 5 6 (1 0 )4 4 3 8 ,9 9 2
$26,511
$13 8,59 6
$ 6 3 5,37 0
B a la n ce , surplus fo r y e a r ....................
— ( V . 89, p . 105, 226; V . 90, p . 504, 850; V . 01, p. 39.)
MOBILE & BIR/MINQHAM RR.— ( S e e M a p S o u t h e r n R y . ) — M ob ile to
M arlon J u n ctio n , A la ., w ith b ra n ch e s, 150 m iles. L eased t o S o u th e rn R y .
fro m M arch 1 1899 for 99 years, th e la tter agreeing t o m eet th e Interest on
b o n d s an d to g u a ra n te e a d iv id e n d o n th e $ 9 0 0,00 0 p re f. s tock o f 1% for
first y e a r, 2 % fo r se c o n d year. 3 % fo r th ird y e a r, an d 4 % fo r fo u r th year
an d th ereafter,
o f th e $90 0 ,0 0 0 c o m m o n s t o c k , $ 8 9 3 ,4 0 0 is o w n ed b y
S ou th ern R y ., and v o t in g p o w e r o n p re f. assigned to S ou th ern R y . d u rin g
lease. V . 68. p . 429 , 1134: V . 69, p . 391: V . 7 1 , p . 1 01 3.— (V . 72, p. 137.)
MOBILE JACKSON & KANSAS CITY.— See New Orl. Mob. A Chicago.
MOBILE & OHIO RR. — ( S e e M a p S o u t h e r n R y . ) — O w ns fro m M ob ile,
A la ., to C o lu m b u s, K y ., 472 m ., p ro p rie ta ry lin e. K e n tu c k y A T en n R R .
to E ast C airo, 19 m .; bra n ch e s t o C o lu m b u s, M iss., A c .. 34 m .; C o lu m b u s,
M iss., to M o n tg o m e r y , A la ., 167 m .; M o b ile A B a y S h o re B ran ch , 38 m .;
w ith W a rrio r B ran ch , 0 m .; W a rrio r S o u th . R y . (all s to c k an d b on d s
o w n e d ). T id e w a te r, A la ., to K ellerm a n , 14 m .; B lo c to n B ran oh , 13 m .; tota l
o w n e d . 766 m .; S t. L ou is A C airo (le a s e d ). C airo to S t. L .. 152 m . w ith br.
t o M illsta d t, 7 m .; tra ck a g e , 189 m .; to ta l Ju n e 30 1910, 1,114 m .
D I V I D E N D S .— 1898, 1 % ; 1 9 0 3 ,2 % ; J u n e 1904, 2 % : 1 9 0 5 .6 % ; 1906.
5 H % ; 1907, 5 % ; 1908, 4 % : 1909, Ju n e, 2 M % ; 1910, Ju n e, 4 % (from
earnings o f fiscal ye a r 1 9 0 9 -1 0 ). V . 90, p . 1614.
In 1909 the S ou th ern R y . had a cq u ire d $ 8 ,1 2 6 ,0 0 0 o f th e $ 9 ,4 7 2 ,0 0 0
general 4s and $5,6 7 0 ,2 0 0 o f th e $ 6 ,070 600 s to c k . Issuing, do lla r for d olla r.
Its collateral tru st 4 % g o ld b o n d s In e x ch a n g e fo r the M. A O . gen eral 4s,
secured b y a ple d ge o f th e la tter an d also s to c k trust certifica tes fo r s to c k ,
d iv id e n d s be in g p a y a b le (A A O) a t 4 % In p e rp o tu lty th ereafter
S T O C K .— S to ck a u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; o u tsta n d in g , $ 6 ,0 7 0 ,6 0 0 ; p a r .
$10 0. T h e v o t in g p o w e r on $ 4 ,9 8 4 ,2 0 0 of th e s to ck Is e xercised b y the g e n
eral m o rtg a ge b o n d h o ld e rs b y v ir tu e o f d e p o s it o f o ld d e b e n tu re s o f 1879.
B O N D S .— U nder the g e n e r a l m o r t g a g e o f 1888 there can b e n o fo reclosu re
till fo u r c o u p o n s are In d e fa u lt.
M ortg age a b s tr a c t, V . 4 7 . p. 83.
V . 60,
p. 967 . In t. on $ 4 ,0 0 0 ,0 0 0 S t. L o u is A C airo 4s Is gu aran teed
The 5%
e q u ip , notes d a ted O ct. 1 1907 a r e g u a r . b y A m .C ar A F d y .C o . V 84. p. 996 .
O f th e $ 2,500,000 collateral tru st 4s o f 1900, $ 2 ,1 6 5 ,0 0 0 w ere Issuable In
e x ch a n g e fo r the $ 6 ,5 0 0 ,0 0 0 S t. L ou is A Cairo s t o c k . S ee V . 70. p. 53 2 . In
191o $6,4 9 5 ,0 0 0 s to c k had been e x ch a n g e d .
E q u ip m e n t T ru sts
“ A"a n d " B ” _______
O u ts ta n d in g .
R a te.
M a tu r e in In s ta llm e n ts .
T o 1910
$998,000
5
5
89,0 0 0
M arch 1911, p a rt s-a
"D ,"
4
3 3.-.,000
Jan ’ l l - J u l y ’ 15, $ 3 4 ,0 0 0 s -a
" E .”
548 ,0 0 0
4M
M ch ’ i l - M c h . ’ i e , *46,000 s-a
8 2 7 ,0 0 0
5
A p r . ’ 1 1 - O c t . ’ 14, part s-a
47,500
4
T o D ec. 15 1912
46.582
B a ld w in L o c o m . W o rk s1.
5 A0
T o N o v 21 1910
E A R N I N G S .— 2 m o S ., 1 1 9 1 0 ____ .G r o s s , $ 1 ,7 5 6 ,4 1 2 ;
n e t, $47 8,53 6
1.605,423;
n e t,
4 89 ,276
j 1909 . . . . . G ross,
J u ly 1 to A u g 31.
R E P O R T .— R e p o rt fo r 1909-10 In " C h r o n ic le ” O ct. 29 o r N o v . (op era ted
In d e p e n d e n tly.)
Y e a r s e n d i n g J u n e 30—
1909-10.
1908-09.
1907-08.
T o ta l o p e ra tin g r e v e n u e _______________ $ 10 ,636 ,73 3
$ 9 ,7 2 7 ,7 2 7
$9,663,791
N et o v e r t a x e s __________________
2,9 0 2 ,9 0 2
2 ,8 6 5 ,9 7 6
2 ,541,322
N et, Inclu din g o th e r In co m e __________
3 ,1 3 2 ,7 8 2
3 ,0 6 8 ,5 8 4
2 ,715,772
In te re st, ren tals, A c . _______ _______ 2 ,5 8 0 ,1 9 5
2,6 3 1 ,1 4 6
2 ,249,852
D ivid e n d s p a i d . _________
(4 )2 4 2 ,8 2 4
(5 )3 0 1 ,0 3 0 (4 )2 4 0 ,8 2 4
A d d itio n s an d b e tte r m e n ts -----------------28,4 3 2
19,446
150,696
B a la n ce , s u rp lu s................
$281,331
$ 1 1 6,96 2
$74 ,4 0 0
— (V . 8 9 , p. 1142, 1219: V . 90, p . 503, 1614; V 91, p . 1026.)
..
..
1905
........... 1906 - .................... 5)
MOBILE TERAIINAL & RY. — O w ns 24 acres fro n tin g 700 fe e t o n M ob ile
(A la .) h a rb o r. S to c k $ 50 0,00 0; p ar $100. T h e 1st g o ld 6s o f 1910
($ 5 0 0 ,0 0 0 a u th . Issue), o f w h ich $17 5,00 0 o u ts ta n d in g , are gu a ra n teed ,
p r ln . a n d In t,, b y th e A la b a m a T en nessee A N orth ern a n d T o m b ig b c c
V a lle y R R s .
V . 91, p . 717 .
P re s ., J o h n T . C o ch ra n e .— ( V . 91, p . 717.)
MOHAWK & MALONE RR.— ( S e e M a p s N e w Y o rk C en tra l.)— O w ns from
H erklrner , N. Y ., to M alone, w ith bran ch es, 182 m iles In all.
H I S T O R Y , L E A S E , A c .— N ew Y ork Central ow ns th e $ 5 ,0 0 0 ,0 0 0 s t o c k ,
on w h ich d iv id e n d s o f 4 % ye a rly are p a id .
In 1902 a new lease In p er
p e tu ity was m a d e an d $ 1 0 ,0 0 0 ,0 0 0 3 > < % c o n so ls a u th o riz e d , o f w hich $ 2 .
500 ,0 0 0 reserved to retire a t m a tu rity th e first m tg e . b o n d s and $ 3 ,6 0 0 ,0 0 0
fo r Im p rovem en ts an d e n largem en ts.— (V . 7 4 . p . 630 , 830 . 937.)
"M O N O N .” — See C H IC A G O I N D I A N A P O L I S A L O U I S V I L L E R Y .
MONONGAHELA R R .— B row n sville, P a ., t o R e d sto n e J e t ., 37 m iles,
co n n e ctin g w ith the P ittsb u rg h A L a k e E rie an d P ittsb u rg h V irgin ia A
C harleston (P e n n , sv st In e s ), w hich gu a ra n tee the b o n d s (see table a b o v e ',
prln. an d Int. b y en d o rse m e n t. S t o c k , $1,4 2 8 ,0 0 0 ; par, $100.
P en n . R R .
and P ittsbu rgh A L ake Erie each ow n $71 4,00 0 s to c k . T h e P enn. R R . on
Ja n . 1 1910 ow n ed $ 6 7 0,00 0 o f th e b o n d s.
Y ea r e n d in g D e c. 31 1909,
gross, $1 ,1 8 6 ,5 0 3 : n e t, Incl. o th e r In com e, $67 8,31 2; charges, $22 0,87 2.
MONTANA WYOMINQ & SOUTHERN RR.— O w ns fro m B rld ger, M o n t.,
on N orth ern P a cific, to B elfry an d w esterly to B ear Creek, al>out 33 m iles,
se rv in g a co a l d istrict; also B rldger, M o n t., to C lark’s F o rd , 30 in. Stock
o u ts ta n d in g , $ 1 ,0 0 0 ,0 0 0 .
O f th e 1st gold 5s, S900.000 h a ve been Issued
:s MOINES
(PGDENi
G re a ts|
It L a k e
J—^H^Pulisade
Battle/Mountain
Stockton1
.Galesburg
iA&KA-£X
F l-.it te / ? '
iterliu;
Ft. Collins
Longmont,
S A .
Kirksl
o e n v e
SPRi,
Manti
O a k l e j^ fi S ;
Green Rivet
^'Xj.Kioche
Sevler'.Lakei
Decatur
WA g
X lD Ulon.
Eure ka
Frisco
A atidal ia
(Jleville’p
/
Candelaria
Ridgwat
Ourj
'once Jc.l
Eioche o
•ST. L O U j S l
k % ^ r ^ e u tr flla '
GREA1
|l,ake 1
6 CUT .1
iLa Juntap-1
LCuchara Jc*
5 3 *S £
Durn.'
dodge
Iff'evill,
■Liberal
1 The 'Neediest,
PHOENIX'
sanside \ .
.Escondido
p Foster
D b H lftK r v
linita]
XjVELLVILLE X
iapulpaj
jJ C a n p d ia i
loma
A m a r illo * ^ ,, , , "V .
/^ W ash b u rn
A / A to k a
locorro
Henrietta'
Globe
Clifton
( *AA»|
la c a u
tMOEN
Roswell
Commerce
Ft.Thomas*
White/Oaks
Rincon /
Maricopa
San Diego _
National Cy.
jmore
Kingfisher
Lehigh
Magdalena,
I
e
Albuquerque
Felton
Prescott'
^Springfield
" " 'U t ^ I
' ^TTs . WN^UREN^j j j ,
c
S f. POPLAH Btur,
ARUANS'
r\
! *vN.
Albany „
Agv
Yuma
Tucson
Fairbank,
Dem ing
Benson
O Tombstone
<*-Mtneolui
Tyler
.Cisco.
\Colorado
j
aU
f '
Ciudad Jut
Odessa
San Angelo
ia t c h e ;
* » /. l
Lufkin
ttfesburg.
X la n o ,
__ ....
Round Rt
H e r r v i i l e ^ AUST1|
M AP OF THE
MISSOURI PACIFIC RAILWAY
ST . LOTJIS, IKON M T. & SOUTHERN R T
L eased, Operated
ackso j
Dublin:
sierra Blanca
and
1NERA1
obismarcki
Texline^
^spanolj
SANTA }
JV^O
ft /oTOSICB
c i? ? 3 W iM B A a i
Bucklin^©^----- -ffjf
fNWAY SPRS.
Anthony"*^
Vasques
iar.diuo atom- 0<
Toilet'
frUngton
Keoki
{ © « . /
*j£o\tou /
V V i^ V j ' 0 '
Austin
Rock Island.
UNION VnU.hn,
-t l'a-KE-CHTyA - J Park City
Alta
lleber
/-
inmonl1*
ircos
'lander!
HO/STON
San Anto^iit
Yoakum
Piedras Ncgras
STON
Kenedy
& Independent tjker
tansasTass
Meridian
R A IL R O A D C O M P A N IE S
[F o r a b b rev ia tio n s, & c ., se e n o tes o n fir s t p a g e]
M ile s
R oad
16 1
M o b & O h io ( C o n c l ) — S t L & C airo 1st M g lo t g u a r - .c
38
M ob ile & B Sh 1st M 5 20 0.00 0 assum ed g o l d - .F . c *
F irst M c o ll n otes (V 86 p 603) g r e d p a r ...........-G .x c *
M o b ile T erm in a l & R y — 1st M $50 0,00 0 g red 1 0 5 ------182
ftloh & M ai— 1st M $1 5 ,0 0 0 p m g gu p & I ( e n d ) .K c*
C on s o lid a te d m ortg a g e $ 1 0 ,0 0 0 ,0 0 0 g o l d - - a .c * & r
'3 7
M o n o n g a h e la R R — F irst M $ 1 ,5 0 0 ,0 0 0 Joint g u a ra n ty
M o n o n g a h e la R iv e r R R — B o n d s— See B & O R R
33
M o n ta n a W y o m in g & S ou— 1st M g re d 110 t e x t - . c *
M o n tg o m e r y & Brie R y — 1st M (o ld 7s e x te n d e d In’ 86)
'5 5
M orelia & T a ca m b a r o — F irst M g o ld (see te x t) -U s m .c*
102
M o r g a n 's La & T e x a s — First M (N O t o M org C ) . F . c »
157
F irst m ortg a g e A le x a n d ria E x te n sio n g o l d --------------F
204
G eneral m o r tg a g e ____________________________________ F
M orris & E s s e x — S to c k 7 % g u a ra n te e d D L & W ------119
F irst m ortg a g e gu a ra n teed u n d er le a s e ..................... Ba
119
C ons M (fo r $25 ,0 0 0 ,0 0 0 ) g u ar D L & W - - - U s.c* &r
119
F irst ref M g o ld $ 3 5 ,0 0 0 ,0 0 0 g u ar p & l(en d ) - F .c * &r
R eal estate m ortg a ge b o n d s --------------------------------------M orris & E ssex E x te n sio n s to c k gu a ra n te e d 4 % —
M o r ris to w n & E rie— F irst M $30 0 ,0 0 0 g s f red at p a r
M t C a rb on & P ort C R R — S to c k (ren ta l guar) t e x t . . .
38
M u n is in g — First m ortg a g e g o l d ----------— ---
M u scatin e N orth & S ou th — 1st M $ 1 ,0 0 0 ,0 0 0 a u th .
'3 7
M u s k eg on G rand R a p id s & In d ian a— F irst M g o ld -C e
M u tu a l T erm in a l— 1st M g o ld s f red 1 0 2 H
G .c*
V.5
N a rra ga n sett P ier R R — F irst m o rtg a g e $ 10 0,00 0 - - -
15
N ashua & L ow ell - S t o c k 9 % rental 92 yea rs B Sc M - .
N ash ville C h a tta n o o g a & S t L o u is — S t o c k -------------- -
F irst m o r tg a g e (fo r $ 6 ,8 0 0 ,0 0 0 )---------- - . ------- - - C ’ &r
125
F irst M o n F a y e tte and M cM brs ($ 6 ,0 0 0 p m ) . c * & r
29
F irst m ortg a g e o n L e b a n o n B r a n ch -----------------------c*
43
F irst m o r tg a g e o n Jasper B r a n c h ---------------------C e.c*
46
F irst m o rtg a g e o n C en trevllle B ran ch g o l d - C e .c ’ &r
20
1st M T r a c y C y B r d u e $2 0 ,0 0 0 y ly : rem 1 9 1 7 .c » & r
803
C ons m tg e ($ 2 0 ,0 0 0 ,0 0 0 ) $2 0 ,0 0 0 p m g o l d - - - U s . c *
119
N ash ville & D e ca tu r — S to c k g u ar 7 ) 4 % b y L & N - - N ash ville F lorence & S h e ffie ld — See L ou isville & N ash Vllle
N ash ville T e r m in a l— F irst m tg e g o ld Int ren t red 1 0 5 .
N ew m o r tg a g e $3 ,0 0 0 ,0 0 0 a u th o r iz e d — ............... N
556
D a te
B onds
1886
1899
1908
19 10
1892
1902
1902
1909
1866
1903
1878
1880
1893
1864
1875
1900
V ar
1903
1965
19 10
1886
1904
1896
1873
1877
1877
1883
1883
1887
1888
1902
1909
Net Income................... $3,559,149
$3,049,662
1 .2 0 0 .0 0 0
5.000.
1.494.000
1 .0 0 0 .
50 15 .00 0.
5.000.
250 &c
1,000 11.677.0 00
1,000 13.600.000
1.800.000
221 .000
100
1,000
50
1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
$2,866,794
$2,526,710
$1,191,002 $1,189,360
626,518
626,607
46,000
56,000
(5)499,232(5)4)550,000
33,115
155,036
$1,167,871
626,460
26,000
(6)600,000
___
NASHVILLE & DECATUR RR. — (See M a p L ou isville & N a sh ville.)—
Owns from Nashville, Tenn., to Decatur, Ala., 119 miles. Re-leased to
Lou. & Nash. In 1900 for 099 years, the rental being 7)4% on stock. The
Lou. Sc Nash. July 1 1010 owned $1,979,600 of the stock.— (V. 70. p. 1195.)
250.000
282,350
160.000
See text
750.000
3.419.000
70,000
800.000
1 0 .0 0 0 .
25
1,000
Balance, surplus.........
$959,625
$653,795
$289,790
$106,379
Pres., John W. Thomas Jr.; V.-P., H. F. Smith; Chairman of Board,
E. C. Lewis.— (V. 89, p. 718; V. 90, p. 167; V. 91, p. 717, 865.)
900.000
130.000
1,000
1,000
1,000
1,000
1,000
1,000
?
D ed uct—
H a te
%
$500 Sec $4,000,000
2 00 ,000
500 &c
600,000
1,000
175.000
1,000
2.500.000
1,000
3.900.000
1,000 &c
1.372.000
1,0 0 0
on 33 miles of road, and additional bonds are Issuable at $25,000 per mile,
as’stated In V. 89, p. 470. For year ending June 30 1909, gross, $138,000;
net, $80,000; Int. on $900,000 bonds, $45,000; balance, surplus, $35,000.
Pres., Frank S. Gannon.— (V. 89, p. 470, 1281.)
MONTGOMERY & ERIE R Y. — (See M a p E r ie R R . ) — Owns Montgomery
to Goshen. N. Y . 10 mlies ^Leased In 1872 to Erie RR. at $16,000 per an.
Stock, $150,000. DIvs. (4H % per an.) paid May 10 and Nov. 10. Sink,
fund. $6,500 per an. There are $40,500 2d M. 5s due Oct. 1 1927
MORELIA & TACAMBARO.— Sec page 165.
MORGAN’ S LOUISIANA & TEXAS RR. & STEAMSHIP CO.— (See M a p
o f sou th e r n P a c i f ic .) — ROAD.— Owns Algiers to Cheneyville, 205 miles;
branches, 119 m.; extensions to Port Allen, La., & c ., 53 m., opened Oct.
1910- trackage to Alexandria, 24 m.; total railroad lines, 401 m.; steamship
lines and ferries, 106 m.
ORGANIZATION.— The So. Pac. Co. owns all of the $15,000,000 stock,
Div., In 1905-06, 6% ; In 1906-07, 10%; in 1907-08, 25%; In 1908-09, 4% .
EARNINGS.— 12 mos.,J 1909-10----- Gross, $4,770,728; net, $1,608,266
July 1 to June 30.
[1908-09___ Gross, 4,535,845; net, 1,408,670
In year ending June 30 1909, gross, $4,649 527; net. Including other lnoome, $1,422,155; surplus over charges, $756,192.— (V. 76, p. 543 )
MORRIS & ESSEX RR.— (S ee M a o o f D elaw are L ackaw an na * W estern .)
— Owns from Hoboken, N. J., to Phllllpsburg, N. J.. 85 miles; branch,
Denvllle to Hoboken, N. J.. 34 miles; leases 38 miles; total oper., 157 miles.
LEASED In perpetuity to Delaware Lackawanna Sc Western, which
assumes all liabilities and guarantees 7% per annum on stock; 1% extra Is
payable In the event of 30% of gross earnings being sufficient to pay all
fixed charges and 10% on outstanding stock.
BONDS.— 1st ref.3 )4s,sec V. 70.p. 480,477; V. 71,p. 1167;V. 74,p.l308.
EARNINGS.— Important to D. L. & W. with terminal facilities on N. Y.
Harbor, but the earnings show a deficit after payment of rental (Including
$1 050,000 dividends), viz.; In 1008, $789,564; In 1907, $761,634; In 1906,
$888,526; In 1905, $585,394; In 1904. $673,172.— (V. 74, p.1308; V.82,p.805)
MORRISTOWN & ERIE R R — Owns Morristown, N. J., to Whlppany
4 m.- br . O H m. Stock, $400,000;par, $100. Year 1906 gross, $62,550
net, $24,168. Pres., R . W.McEwan, 11 Broadway,N. Y .— (V. 7 7 .p. 511.)
MOUNT CARBON & PORT CARBON RR.— Owns Mt. Carbon to Port
Carbon, Pa., 2.50 m.; 2d track, 2.45 m.: total track. 15.49 miles. Leased
Mch. 5 1860 for 50 years to Phlla. & Read. In 1910 re-leased to Phila. &
Reading for 99 years from March 5 at 5% on the stock. V. 89, p. 42.
MUSCATINE NORTH & SOUTH RY.— Muscatine, la., to Elrlck Jet.,
28.6 miles. Successor to M. N. Sc S. R R . , foreclosed Dec. 1909. V. 80,
. 1059. To be extended to Burlington, la. Stock, $450,000; par $100.
n June 1910 filed $1,000,000 mtge. to German Trust Co. of Davenport,
as trustee. V. 90, p. 1677.
For year ending June 30 1910, gross, $64,820; oper. exp., lncl. all lmpts.,
$66 574. Pres., Chas. Howard, Sec., Treas. and Aud., George Reeder
Office Muscatine, la.— (V. 90, p. p. 1677.)
MUSKEGON GRAND RAPIDS & INDIANA R R .-S e e p a g c 165.
MUTUAL TERMINAL CO. OF BUFFALO.— See page 165.
NASHUA & LOWELL RR. — Owns double-track road from Lowell, Mass.,
to Nashua, N. H., 15 miles. On Oct. I 1880 leased for 99 years to Boston
& Lowell.
In 1887 lease was transferred to Boston Sc Maine, which pays
a rental of $73,000 (9% on stock); In Nov. 1906 to 1910 lncl., )4% extra
was paid from accumulated cash surplus.— (V. 83, p. 970; V. 85, p. 1005.)
NASHVILLE CHATTANOOGA & ST. LOUIS RY.— (S ee M a p . ) — Owns
from Chattanooga, Tenn., to Hickman, Ky., 320 m.; branches to Lebanon.
& o., 519 m.; leases Western & Atlantic, Chattanooga, Tenn., to Atlanta,
Ga., 137 m., and Memphis Sc Paducah Division of the L. & N., 254 miles.
See V. 71. p. 544, 664, 864. Total operated July 1 1910, 1,230 miles.
ORGANIZATION.— A majority of the stock ($7,177,600) Is owned by
the Lou. Sc Nash., of which $5,501,500 Is pledged under Its mtges. West.
& Atl. Is leased from State of Georgia till Deo. 27 1919 at $420,012 yearly.
DIVS. 1 ’93. ’94. '95 to ’98. ’99 to ’03. ’04. ’05. ’06. ’07. ’08. ’09. 1910
since 18931 3 % 3)4 4 yearly.
None.
4
5
5
6 5)4
5
6
BONDS.— Consol, mtge. of 1888 provided that all prior bonds should be
paid off at maturity; sufficient of the $20,000 p. m. are reserved for them.
Jointly with Lou. & Nash, guarantees $2,500,000 L. & N. Ter. 4s. See
L. & N „ V. 75, p. 1354; $11,000 Aetna I. M., M. & O. 6s. V. 77, 2390.
EARNINGS.— 2 mos., 11910----------------Gross, $1,883,212; net, $445,195
July 1 to Aug. 31.
\1909----------------Gross, 1,847,003; net, 467,250
ANNUAL REPO RT.— Report for 1909-10 was In V. 91, p. 865.
Y ea rs en d . J u n e 30—
1910.
1009.
1908.
1907.
Mileage end of year_____
1,230
1,230
1,230
1,230
Gross earnings________ $11,637,204 $11,112,114 $10,738,252 $12,238,472
Net earnings:_________ 3,199,945
2,771,413
2,556,153
2,508,310
Investments. & c............
57.737
16,458
18,658
18.400
Hire of equip..rentals, <5cc.
301,467
261,790
291,983
----Int. on debt and taxes.. $1,210,675
R entals______________
626.518
Miscellaneous.................
80,000
Dlv. on stock_________ (6)599,079
Additions to property..
83,252
A m ount
O u ts ta n d in g
Par
V a lu e
6.300.000
750.000
300.000
371.000
376.000
219.000
7.608.000
3,553,750
1 .0 0 0 .
L a s t D iv id e n d
an d M a tu rity
&
J Jan
J
4 g
M & N M ay
5 g
F & A 15 F e b
5 g
M & S Sept
6 g
M St S S e p t
4 g
3 )4 g M Sc s M ch
O ct
3 )4 g A Sc
o
5 g
5
5 g
0007
6 g
0005
000 7
0007
7
3 )4 g
4 )4
4
5 g
5
4 g
5
5 g
4 g
4
) te x t
000n 1910
7
6
6
6 g
6 g
6
5 g
7 )4
000
None J u l’10
W h en
P a y a b le
5 g
M
M
J
A
J
J
J
M
J
J
J
M
M
J
A
1 1931
1 1949
15 1911
1 1935
1 1991
1 2002
1 1042
s
J
J
F
M
F
J
J
J
J
J
J
A
J
S e p t 1 1939
N M ay 1 1926
J J a n 1 1943
A p r 1 1018
J J u ly 1 1920
J J u ly 1 1913
J J u ly 1 1910 3 )4
& N M ay 1 1914
& D Ju n e 1 1915
St D D e c 1 2000
Sc
J 1912
Se N N o v 1010 2 %
Se
S S e p t 1 1923
Se
J J u l y l 5 ’ 10 2 ) 4 %
&
O ct 1 1925
J a n 1 1935
&
J J u ly 1 1926
Se
J J u ly 1 1924
Se A A u g 1 1 9 1 6
Sc N N o v 1 1910 5
Sc A A u g 1 1010 3 %
Sc
J J u ly 1 1913
Sc
J J a n 1 1017
St
J J a n 1 1917
Sc
J J a n 1 1923
&
J J a n 1 1023
Se
J J a n 1911 t o ’ 17
Sc O A p r 1 1928
So
J J u ly 1910 3 J * %
J
St
Sc
Se
Sc
Sc
&
Se
Se
o
o
J Jan
1 1032
M a y 1 1949
P la c e s W h e r e In ter es t a n d
D iv id e n d s a r e P a y a b le
F a rm ers L o a n & T r , N Y
First N at B k . M o b ile , A la
G uar T ru st C o . N ew Y o r k
M o b ile a n d N ew Y o r k
K n ic k e r b o c k e r T r C o ,N Y
G ra n d Cen t S ta tio n , N Y
T re a s . o f f . , P I t t s b ., P a .
E m p ire T r C o , N Y
G osh en , N Y
U S M tge & T r C o , N Y
S P C o , 120 B ’ w a y , N Y
do
do
do
do
D el L a ck Sc W e ste rn , N Y
do
do
do
do
do
do
do
do
do
do
B r o o k ly n T ru st C o , N Y
R e a d in g T e rm in a l, P h lla
A m e rica n T r u s t C o , C leve
J u ly 1910 p a id w h en due
R I H o s p ita l T r C o , P r o v
In d ia n H d B a n k , N ashua
N ew Y o r k an d N ash ville
H a n o v e r N at B a n k , N Y
H anover N at B ank, N Y
do
do
do
do
do
do
do
do
do
do
N ashville
M erca n tile T r C o .S tL o u ls
NASHVILLE TERMINAL RR. — Owns bridge across the Cum berland
R iver and 18 m. of track. Leased for 99 years from May 1 1902 to T enn .
Cent R R . . which owns entire $1,000,000 stock. In Dec. 1909 filed a mtge.
to secure $3,000,000 bonds: $1,000,000 reserved to retire $1,000,000 first
5s of 1902. None sold to J u ly 19 10 . V . 89, p. 1668.— (V . 89, p. 1668.)
NATCHEZ & EASTERN R Y — See Mississippi Central.
NATIONAL RAILWAYS OF MEXICO. — (S e e M a p ) — Comprises:
L eased —
M ile s .
S ta n d a rd G a u g e — O w n ed .
M ile s .
11
Laredo to C ity of Mexico______ 802 Mexican Union R y .......................
Mex co C ity to Juarez C ity ____1,224 Bar extension (Tampico to La
Barra)_____________________
6
Mexico to Rio Balsas................... 182
24
Clntura, & c., lines (3-rall track)
6 Coahulla Coal R y ..........................
Chicalote to Tam pico................... 406
Total standard gauge...............5,8 13
Tampico to Monterey and Go mez
N a r r o w G a u g e — O w n ed .
Palaclo____________________ 548
C ity of Mexico to Uruapan, Sec. 319
Eagle Pass, T e x ., and Cluaad
Mexico to Berlstaln & branches 15 2
Porfirlo D iaz v ia Torreon to
L eased —
Durango___________________ 540
Branch— Irapuato to Ameca__ 2 17 Mlchoacan & Paclflo R y ., Maravatlo to Zltacuaro.................
57
“ Guadalajara to Manzanillo 221
San Juan Jet. to Ja ra l________
50
Total Inch In earnings-------------6,341
Vanegas to Matehuala________
41
Rincon to Pozos_______________
37
C o n tr o lle d — E a r n in g s s e p a r a te
Monterey to Matamoros_______ 206
(se e s e p a r a te s ta tem 't f o r ea ch i
Gonzales to Acambaro----------------53
Jimenez to Rosario_____________
96Interoc. R y .G n c l. 420 m. leased) 1,0 15
Other branches, & c___________ 9 8 1 1 C o n tr o l A c q u ir e d in 19 10—
Pan-Am erican R R ----------------------- 292
C o n tr o lle d — S e c u r itie s O w n ed .
Vera Cruz & Isthm us................. 265
Texas Mexican R y ., Corpus
Chrlstl to Laredo, Te x ., S e c . . 1621
Grand total (of which 1,468 narrow g a u g e )............................................7,9 13
O R G A N IZ A T IO N .— Organized March 2« 1908 under special Act Of Con
gress of Mexico, per plan In V . 86, p. 9 18 . 982.
The properties of the National R R . of Mexico. Mexican Central and
Mexican International have been acquired b y deeds, operation of the same
being taken over Ja n . 1 and Feb 1 1909 and J u ly 1 19 10 , respectively.
V.8 8 , p.452; V.89, p .16 0 1; V .90, p .155 4 . In Aug. 19 10 acquired all the stock
of the Vera Cruz & Isthm us and $9,800,000 of the $10,000,000 stock of the
Pan-Am erican R R . V . 9 1, p. 589. Application to list, describing prop
erties, new securities, S ee., V . 88, p. 13 18 .
The Mexican Government owns $115,0 2 3,59 0 of the $230,000,000
authorized stock, v iz.: $10,000,000 first preferred, $30,278,290 second
preferred and $ 7 4 , 7 4 5 , 3 0 0 common stock, and guarantees the prlnolpal
and Interest of the new general mtge. bonds. V . 87, p. 15 3 3 .
D I V I D E N D . — On 1st pref., 1908. 1 % : 1909, 2 % ; 19 10 . F eb ., 1 % ; A ug.,
2 % . In Oct. 19 10 the stockholders auth. an extra d lv. of 1 % , to be paid
at directors’ option, making 4 % payable from earnings of fiscal year 1909
10. V . 9 1, p. 946.
.
„ , .
Securities Immediately Issuable
The amounts of new bonds and pref shares which the New Y o rk Stock
Exchange has agreed to list as soon as Issued (V . 88, p. 1318 ) are as follows:
[The amounts actually listed are shown In table at top of next page.]
Prior Lien 4 ) 4 % Bonds ($225,000,000 authorized) —
Issuable In part exch. for M ex.Cent.bonds.abt. $70,294,062
Sold for cash------------------------------------------------------------------ 10,000,000
To Mexican G ov’t on acc’t of guaranty, & c------- 6.000.000
Acct. $10,000,000 N at. R R . notes April 19 0 9 .. 7,200,000
Betterments, equip., retiring equip, obllg., &o. 13 ,0 0 5 ,000-$100,499,062
The remainder of the auth. Issue of $225,000,000 Is reserved as fol
lows: (1) $23,000,000 to retire $23,000,000 National R R . of Mexico prior
lien 4 ) 4 % bonds due O ct. 1 1926; (2) $95,500,000 for extensions, additions
and Improvements as shown In V . 86, p. 13 19 , 919.
The right Is reserved to Issue $6,000,000 additional bonds ranking pari
p a s s u with the other bonds of this series, to take up at or before m aturity
£1,200,000 prior lien bonds of the Mex. In tem at. R R . Co.
The prior lien bonds will be subject to call after Jan . 1 10 17 at 105 In
amounts not less than $10,000,000, or for a cumulative sink, fund sufficient
to retire the entire Issue by m aturity.
Guaranteed General Mortgage 4 % Bonds ($ 1^ ,0 0 0 .0 0 0 auth.)
Issuable In part exch. for Mex.Cent.bonds, &o. $38,565,075
Sold for cash.................................................................. 2 ‘1 2 2 $ 2 2
To Mex. Gov.’t on account of guaranty, & o - - - - 2,450.000
A cct. $10,000,000 N at. R R . g . notes due A pr. 09 4,800,000
Betterments, equip., retiring equip, obllg..
8 ,18 5,9 25— $60,751,000
The remainder of the authorized Issue of $ 18 0v(]00,(]oO reserved as fol
lows: (1) $24,749,000 to retire outstanding National R R . of Mexico first
consol. 4s: (2) $74,500,000 for extensions, additions and Improvements as
stated In V . 86, p. 1320, 919.
.
,,
The right Is reserved to Issue additional bonds, ranking p a r i p a s s u with
the other bonds of this series, to take up or retire at or before m aturity an
equal amount of the consol, mtge. bonds of the Mexican International R R .
The general mtge. bonds will be subject to call at par In amounts not less
than $10,000,000 after April 1 1927; also on and after Oct. 1 1937 for a cum
ulatlve sinking fund, which Is to retire entire Issue not later than 19 7 7.
First Preferred Shares ($30,000,000 authorized)— ....................... $28,832,000
To assure to the 1st pref. shares semi-annual dlvs. of 1 % for 3 years from
Jan. 1 1908, to the extent to which the net profits shall not be sufficient
to make such payment, provision Is to be made for the setting aside by the
company, as a separate fund, of $1,800,000 prior lien bonds and $1,200,000
guaranteed gen. mtge. bonds, or sufficient proceeds thereof.
Second Preferred Shares ($125,000,000 auth.) —
Issuable In part exchange for Mex. Cent. bds_$41,416,234
For Mex. C e n t.R y . stock ($ 59 ,127 ,10 0 ), 1 0 0 % 5 0 .12 7,10 0
A ccountof N at. R R . of Mexico stock.............. 24.456.606— $125,000,000
Of the Mexican International consol. 4s $2,497,000 were In Ja n . 190 j
reserved for extensions at $10,000 per mile and Improvements. 1 no total
Issue of consols Is limited to $16,000,000. The guaranty of prln. and int.
by National R R . of Mexico under agreement of June 30 1002 stamped oa
i>
go
MAP OP THE
N a s h v i l l e , Ch a t t a n o o g a
©
S t . L o u is B a i l w a y
©OT., 1910.1
RAILWAY STOCKS AND BONDS.
AND
C O N N E C T IO N S .
---- ------- -— - y Cumberlainl yap
R A IL R O A D C O M P A N IE S
IF or abbreviation s, & c ., see notes on first page]
M ile s
Road
D ate
B on ds
Par
V a lu e
A m ou n t
O utstanding
R ate
%
W hen
P a yable
Last D ivid en d
and M a tu r ity
National R ailways of Mexico—
Cora s to c k $ 7 5 ,0 0 0 ,0 0 0 U S g o r 1 50 ,000 ,00 0 M cx pes
$74 ,7 9 2 ,2 0 0
F irs t p r e f stk $ 3 0 ,0 0 0 ,0 0 0 4 % n -c (also as to assets)
F
A A
28^830^200
2 d p ref s to c k $ 1 2 5 ,0 0 0 ,0 0 0 5 % n -c (also as to assets)
123,966^800
P rl lien M U S g red 105 b e g ’ 17 (see te x t) .C e .x c * <5cr*
1907
84 |783il77
A
$, £ &c
J J b ly 1 1957
4M g J
G eneral m tg e U S g old redeem p a r (te x t) g u a r .N x c *
1907
5 0 ,6 5 0 ,1 0 0
A & () O ct 1 1977
$, £ A c
4 g
N a t .R R o f M ex prior lien M g o ld call 105____ L/n.c*
1,284 1901
A
500 &c 2 3 ,0 0 0 ,0 0 0
J O ct 1 1920
4M g J
First co n s o l M $ 6 0 ,0 0 0 ,0 0 0 g o ld (see t e x t ).C e .c * 1.514 1901
500 A c 2 4 ,7 4 0 ,0 0 0
4 g
A & () O ct 1 1951
M e x ica n 'C e n tra l— F irst m o rtg a g e In clu din g s c r ip ___
1881
1,000
41.085 (7) 4
J
A
J J u ly 1 1911
P r io r it y b on d s g o ld redeem able a t 110____________
1889
1 ,420.000
A
1,000
5 g
J
J J u ly 1 1939
C o n s o lid a te d m ortg a g e $32 ,0 0 0 p m g o ld B B .c * & r 3,407 1889
3 .6 6 1 ,0 0 0
1,000
4 g
J
& J J u ly 1 1911
F irst con s Inc & scrip n -cu m ($ 9 ,6 0 0 p m ) g . A B .c* 3,407 1889
782 .400
1,000
J u ly 10 Jan 1 0 1 9 3 9
3 g
2 d con s ln c ($ 6 ,4 0 0 p m )r e d 5 0 % t o A u g 1929A B .C * 3,407 1889
1.000
55,000
3
Jan 10 1939
___
R eg istered In om e b o n d s a n d scrip u n a s s e n t c d -.r
1,000
1881
11,200
3
J u ly 1
J u ly 1 1911
Car a n d lo c o m o t iv e ren tal n o t e s ___________________
1,587,986
___ 1897
E q u ip m e n t 5s $50 ,000 re d e e m a b le y e a r ly a t p a r .
1,000
350 ,0 0 0
A A o A p r 1 1917
5 g
___ 1899
do
($ 5 0 ,0 0 0 y ea rly par) red 102 M b e g ’ lO .O B .c*
1,000
450 ,000
A & <) O ct 1 1919
5 g
M ex In t P rio r lien £ 1 ,2 0 0 ,0 0 0 red a t p a r .U n .x c * & r
615 1897
£100 A c
5 ,8 5 0 ,0 0 0
4 M g .\1 & s S e p t 1 1947
894 1897
F irst con s M $ 1 6 ,0 0 0 ,0 0 0 g o ld n o t g u a r ..M p .x c * & r
$500 A c
705 ,500
\1 A
s S ep t 1 1977
4 g
d o g, gu ar s ta m p su b j to call at 05 t o M ch 190 7.
894 1897
500 A c
6 ,5 0 1 .0 0 0
M A
s S e p t 1 1977
4 g
Naugatuck— See H ew Y o r k N ew H a ve n & H a rtfo rd
184 1899
Nevada-California-Oregon— F irst m tge $ 1 ,5 0 0 ,0 0 0 g .
1,000
583 .000
5 g
M & N M ay 1 1919
94 1888
Nevada Central— 1st M g o ld n o n -c u m Inc (sink f d )- C e
1,000
750 ,000
& J J u ly 2 1938
5 g
J
New England— See N ew Y o r k N ew H a v e n & H a r tfo r d
New Haven & Northampton— S ee N ew Y o r k N ew H a v e n & H a rtfo rd
5 1886
New Jersey Junction— F irst M g u a r $ 4 ,0 0 0 ,O OO .Q .c& r
1,000
1,700,000
F
A A F e b 1 1986
4
New Jersey & N ew York— See E rie R R Co
25 1907
New Jersey & Pennsylvania— 1st M $20 0,00 0 red 1 0 5 .
1,000
5
& D Jun e 1 1927
200,000
J
121 ____
New London Northern— S t o c k --------------------------------------100
1 ,500.000
9
O ct. 1910 2 H %
Q— .
F irst m o r tg a g e __________________________ B a .c * & r*
121 1910 1,000 A c
1,500,000
.T &
.T J u ly 1 1940
4 g
W e s t R iv e r first m ortg a g e g u a ra n te e d prln and In t.
35 1905
4
& 1) 85 years
75,000
.r
117 1901
New Mexico Cent— S Fe C ent 1st M $ 2 ,5 0 0 ,0 0 0 g P P ic*
1,000
2 ,0 0 0 ,0 0 0
& D D ec 1 1941
j
5 g
New Mexico Ry & C o a l— See El P a so & N orth ea stern
New Orleans (ireat Northern— F irst M g o l d — K .c '& r
241 1905 1,000 A c
7,5 0 0 ,0 0 0
F
A A A u g 1 1955
5 g
New Orl Mobile & C h ic—C o m stk $25 ,0 0 0 p er m i l e . .
(?)
100
P referred s to c k 6 % $ 5 ,0 0 0 ,0 0 0 ($5,000 per m i l e ) . .
100
(?)
F irst m ortg a g e $ 3 0 ,0 0 0 ,0 0 0 ($ 3 0 ,0 0 0 p er m ile )____
402 1910
1,000 1 1 ,041,000
J
& J Jan 1 1960
5 g
,_
196
100
New Orleans & North Eastern— Stock $ 6 ,0 0 0 ,0 0 0 ____
6,0 0 0 ,0 0 0 6 M In ’ 10 Y e a rly S ep t 3 1910 6 M
P r io r Hen m ortg a g e g o l d ________________________ C e.c*
196 1885
1,000
1 ,320,000
6 g
A & O N o v 1 1915
196 1881
1 000
F l 's t m o rtg a g e g o l d ____________________________ , F c *
A
100.000
6 g
J
J Jan 1911
$ 6 ,5 0 1 ,0 0 0 o f th e c on sols has been assu m ed b y the N a t. R y s . o f M e x ico .
V . 7 5 , p. 185
P rior lien 4 M s . see, V . 65, p . 151, 1071. C o n so l. 4s o f
1897 listed on N . Y . S to c k E x ch . F e b . 1898. See a p p lic a t io n In V . 6 6 ,p , 341.
G E N E R A L F I N A N C E S .— In M ay 1908 the r e a d ju s tm e n t m anagers
sold $ 1 3 ,7 5 0 ,0 0 0 p rior lien 4 Ms a t 0 4 % an d In Jun e 1909 $ 2 4 ,0 0 0 ,0 0 0 at
9 5 % , a n d in Ju n e 1908 th e y sold $ 2 9 ,5 0 0 ,0 0 0 general 4s to F ren ch ba n k e rs.
V . 8 6 , p . 1344; V . 8 7 , p. 38; V . 8 6 , p . 018 , 982; V . 8 8 . p . 52, 231, 1438.)
E A R N I N G S .— 2 m o s ., (1 9 1 0 ____G ross, $ 1 0 ,4 6 5 ,1 3 6 ; n e t, $1,2 6 0 ,7 5 9
J u ly 1 to A u g . 3 1 .
(1 9 0 9 ___ G ross,
8 ,9 9 0 ,2 5 2 ; n e t,
3 ,5 6 4 ,4 8 4
R E P O R T . — F irst re p o r t fo r y e a r e n d in g Ju n e 30 1909 w as In V . 8 9 , p .
159 3, 1601, 1661 (ed itoria l, p. 157 0 ), s h o w in g In M exica n c u r r e n c y , c o n v e r ti
ble Into U . S. cu r r e n c y a t 50 cen ts o n the d olla r:
M e x ic a n C u rren cg—
1909-10,
1908-09.
G ross e a r n in g s ........................................................................$5 2 ,5 6 2 ,2 9 3 $ 48 ,805 ,52 2
O p e r a tin g ex p e n s e s ............................................................... 3 1 ,5 9 3 ,5 5 7
29,1 6 0 ,8 9 3
N et e a rn in g s__________________________
O th er In com e____________________________
___$20 ,9 6 8 ,7 3 6
...
1,188,536
$1 9 ,6 3 8 ,6 2 9
1,386,094
T o t a l ..............................................................
D ed u ct—
T a x e s a n d r e n ta ls ______________________
A d ju s t m e n t s , ren tals, & c ______________
D e p r e cia tio n r e s e r v e ._____ ____________
R e s e r v e to repair llood d a m a g e s ...........
In teres t o n b o n d s, & c ---------------------------T r a n sfe r t o reserve fu n d ________________
• D iv id en d s o n 1st preferred sh a re s —
- .,$ 2 2 ,1 5 7 ,2 7 2
$ 21 ,024 ,72 3
$413,068
...
187,891
980,000
.-1,0 0 0 ,0 0 0
- - . 16,739,744
141,828
. .( 3 ) 1 ,7 2 9 ,9 7 4
$335,986
1,105,250
1,340,400
T o t a l d e d u c t io n s ________________________________ $2 1 ,1 9 2 ,5 0 5
964 ,767
B a la n ce , s u rp lu s ___________________________________
16,975,944
63,357
(2 )1 ,1 5 3 ,3 1 6
$ 20 ,974 ,25 3
50,470
• A lso 1% a d d itio n a l a u th o riz e d fro m earnings o f 1909-10.
C h airm an o f B o a rd , L ie . Jose Ives L im a to u r; V ice -C h a irm a n , L ie.
P a b lo M a ced o; C h airm an N ew Y o r k L o c a l B o a rd , II. C la y P ie rce ; P r e s .,
E . N . B row n .
N . Y . o ffic e , 25 B ro a d S t .— ( V . 91, p. 71 7 , 9 4 3 , 946.)
N E V A D A -C A L I F O R N IA -O R E G O N R Y — R e n o , N e v ., to A ltu ra s, C a l.,
184 m iles, o f w h ich M adelin e to L lk e ly , 20 m iles, o p e n e d O c t . 1 1907, an d
20 m iles, fro m L ik e ly to A ltu ra s , c o m p le te d D e c. 1908.
E x te n sio n p r o
p osed 58 m iles to L a k e v le w , O re ., o f w h ich 20 m ., to a p o in t near th e south
end o f G oose L a k e, to be built In 1910-11. T h e S ierra V a lleys R R ., Plum as
t o M oh a w k , C a l., 37 m iles, w as a cq u ire d a t fo re clo s u re sale J a n . 30 1909,
th e s t o c k o f new c o . to be o w n e d , V . 8 8 , p . 45 2 . S t o c k , c o m ., $1 ,4 5 0 ,0 0 0 ;
p r e f., $ 7 5 0 ,0 0 0 , all o u t . A fte r 5 % o n c o m ., b o th s to c k s share p ro rata.
D lv . o n p ref. A u g . 1906, 3 % ; A u g . 1907, 4 % ; A u g . 1908 to 1910, 5 % ea ch .
D iv id e n d on c o m m o n s to c k , 1 % , p a id A u g . 1909 an d 1 % A u g . 1910.
R e p o r t fo r y ear 1909-10 w as In V . 91, p . 865 , sh o w in g , gross, $44 7,85 7;
n e t, $ 2 2 9 ,2 5 2 ; o th e r in co m e , $ 1 3 ,1 1 4 ; In t., ta x e s, & c., $5 3 ,7 9 1 ; d lv . o n p re f.
( 5 % ) , $ 3 7 ,5 0 0 ; d lv . o n c o m . ( 1 % ) , $ 1 4 ,5 0 0 ; Im p ro v e m e n ts, $10 1 ,0 0 9 ; b a l.,
su rp lu s, $3 5 ,5 6 6 . P r e s ., D . C. M oran , 68 W illia m S t ., N . Y . — (V . 8 9 ,
p . 779, 843; V . 91, p . 865.)
N E W J E R S E Y JU N C T IO N R R .— T erm in al ro a d th rou gh Jersey C ity ,
H o b o k e n an d W eeh a w k en , a b o u t 5 m iles. L ea sed fo r 100 years fro m June
10 1886 to N . Y .C e n tr a l,w h ic h gu aran tees b o n d s an d o w n s $10 0,00 0 s t o c k .
N E W J E R S E Y & N E W Y O R K R R .— O w ns fro m E rie J e t ., N . J . , t o
G a rn ervllle, N . Y . , 29 m iles: b ran ch es t o N ew C it y , & c .. 5 m .; op e ra te s t o
H a v e rs tra w , & c ., 14 m .; to ta l o p e r a te d , 48 m iles.
E rie R R . In A p ril 1896
pu rch a sed c o n tr o l. S t o c k , $1,4 4 0 ,8 0 0 c o m ., $787,800 p re f.; p a r, $100. C o n
trol Is w ith p ref. s t o c k an d 1st m tg e . till 6 % has been paid on p re f. fo r three
y ea rs. T h e $40 0,00 0 6 % b o n d s m atu rin g M ay 1 1910 w ere e x te n d e d 30
yea rs a t 5 % .
V . 90, p . 914.
Y e a r e n d in g June 30 1909, gross, $63 4,55 2;
n e t, $ 19 3,56 7: oth er In c ., $ 2,243; In t., ren tals, & c ., $18 1 ,6 5 7 ; b a l., s u r .,
$ 1 4 ,1 5 4 .— (V . 90, p . 914.)
N E W J E R S E Y & P E N N S Y L V A N IA R R .— See page 165.
N E W LO N D O N N O R T H E R N R R .— O w ns fro m N ew L o n d o n , C o n n ., via
B r a t t le b o r o , V t ., to S ou th L o n d o n d e r r y , V t ., 158 m iles.
L E A S E D fo r 99 years from D e c. 1 1891 to Central V e r m o n t. T h e rental
Is $2 1 3,55 2 p er a n n u m , w h ich leaves a sm all surplus a fte r p r o v id in g fo r Inter
est, & c ., an d 9 % d iv id en d s . T a x e s and Im provem en ts m e t b y lessee. In
J u ly 1910 issued $ 1 ,5 0 0 ,0 0 0 4s to refu n d b o n d s du e.
V . 90, p . 1677.
D I V I D E N D S .— 1888 to A p ril 1892, 7 % y e a r ly , then 8 % y e a rly t o 1893,
a n d sin ce to O c t . 1910 (In c .), 2 M % q u a r. (9 % per a n .) — V . 90, p . 1677.)
N E W M E X IC O C E N T R A L R R .— See page 165.
N E W O R L E A N S F O R T J A C K S O N & G R A N D IS L E R R .— V . 8 8 . p . 375.
NEW O RLEAN S
G R E A T N O R T H E R N R R .— O w ns N ew
O rleans.
L a ., to J a c k s o n , M iss., 182 m iles, w ith b ra n ch e s , R io , L a ., to T y le r to w n ,
M iss., 41 m .; S lid ell, L a ., to F o ls o m , L a ., 47 m ., m a k in g a to ta l o f 270 m iles
o p e ra te d , Incl. 29 m . tra ck a g e N ew O rleans t o S lid ell, L a .
O n J u ly 1 1909
en tire m ileage w as tu rn ed o v e r t o o p e ra tin g d e p t . S to c k , $ 4 ,2 4 2 ,2 0 0 .
O f first m tg e . b on d s ($ 1 0 ,0 0 0 ,0 0 0 a u th o r iz e d ), $ 7 ,5 0 0 ,0 0 0 have been
Issued fo r c o n s tr u c tio n an d e q u ip m e n t. V . 8 1 , p . 84 1 .
E A R N I N G S .— 2 m o s ., (1 9 1 0 .................G ross,
$ 2 9 3 ,4 7 4 : n e t, $122,080
2 0 6 ,8 1 3 ; n e t,
61,556
J u ly 1 to A u g . 3 1 .
\1900________ G ross,
F o r y ear en din g Ju n e 30 1910, gross, $ 1 ,4 9 9 ,0 3 8 : n e t, $ 5 8 9 ,9 6 4 ; ta x e s ,
$ 1 4 ,4 0 0 ; oth er In com e, $ 17 0,27 2; Int. on b o n d s, $ 3 9 9 ,4 7 9 ; o th e r charges,
$ 1 5 3 ,2 4 8 ; b a l., s u r ., $ 19 3,10 9.
O F F I C E R S .— P res., Charles W . G o o d y e a r ; 1st V . - P . a n d G en. C ou nsel,
M. E . O lm sted ; 2d V .- P . a n d S e c ., C. I. Jam es; T r e a s ., F . A . L eh r; G en.
M g r., N . G . P earsall.
D ire cto rs: M essrs. G o o d y e a r , Ja m es, O lm sted
P ea rsall, I . C. E n och s, C. K . M ulllngs, G . M . W h itn e y , G . C. L lgon and
O. W . G o o d y e a r J r .— (V . 8 6 , p . 1530: V . 8 8 , p . 1197; V . 90, p . 373 .)
N E W O R L E A N S M O B IL E & C H IC A Q O R R .— O p erates:
R oa d —
M ile s A
Road—
M ile s .
M o b ile . A la ., to M id d leton , T e n n .3 6 9 l ElllsvlU e J e t. to E lllsvllle, M is s ..
6
B e a u m o n t, M iss., to H a ttie s b u r g . 27|
-----T o ta l (100 m. 6 0 -lb . an d 302 m . 7 0-lb s te e l), Incl. G u lf & C h ic a g o ___402
P la ces W here Interest and
D ivid en d s are P a ya b le
O ffic e . 25 B r o a d S t. N Y
do
do
do
do
L on don and
do
do
N o n e p a id
do
do
do
do
do
do
B o s to n
do
do
O ld C ol T r C o , B o s t A L on
do
do
S peyer B roth ers, L o n d o n
O ffice . 25 B road S t, N Y
do
do
M oran B ro s , N ew Y o r k
1 M % p a id F eb 1909
N Y Cen tral & H u d R iv e r
C orp T r C o, Je rse y C ity
N ew L o n d o n O ffice
do
do
P itts b u rg h T r u s t Co
K n lc k . T r . C o ., N . Y .
49 W a ll S t ., N Y
New O rleans, L a
Central T ru st C o , N Y
M uller. S ch all & C o. N Y
O R G A N I Z A T I O N .— S u ccessor D e c. 1 1909 per plan V . 8 5 , p . 1577; V . 87,
p. 1664, to M obile J a ck so n & K an C ’ y and G u lf tc C h ica g o , soiu In fo re closu re
A u g. 23 1909. V . 89, p . 529, 91 9 .
I t Is p rop osed e v e n tu a lly to e x te n d
the system t o the O h io R iv e r o n th e n o rth an d to N ew O rleans o n the s o u th .
A s y n d ica te fo rm e d b y the Interests now In co n tro l agreed to assu m e
the floating d e b t o f the o ld c o m p a n ie s, a ggregatin g $ 1 ,5 3 4 ,2 6 2 , a c c e p t
ing as se cu rity $1,534,263 In b o n d s and $153,426 In new p re f. s t o c k .
M iscellaneous car trusts Ju n e 30 1909, $ 12 1,49 1.
T h e re are also o u ts ta n d in g $36 ,000 o ld M o b . J a ck so n & K . C. 1st 5 0 -y r.
g o ld 5s, d u e Ju n e 1946; Int. J . & D .; Cen tral T ru s t C o ., N . Y . , trustee.
E A R N I N G S .— 11 m o s . , (1 9 0 9 -1 0 .......... G ross, $ 1 ,5 7 2 ,7 8 1 ; n e t, $545,547
J u ly 1 to M ay 31.
\ 1 90 8-0 9.......... G ross, 1,4 2 4 ,0 1 3 ; n e t, 438 ,2 7 0
Surplus a fte r charges, $ 2 5 ,6 2 8 , a g s t. d e f. $ 37 ,953 In 1908-09.
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1909 (o ld c o .) In V . 8 9 , p .
1540, s h o w e d : T o ta l o p e ra tin g re v e n u e , $ 1 ,5 2 5 ,8 3 3 ; n e t a fte r ta x e s , $ 4 6 1 ,
522; Int. on b o n d s, & c ., $48 9,29 6; rents a n d hire o f e q u ip ., $24 ,5 6 0 ; b a l.,
d e f.. $ 52 ,334 .
In 1907-08 o p . r e v . $1,4 4 0 ,3 9 7 ; n e t, $ 2 2 4 ,0 0 7 .
O F F I C E R S .— P re s., L . S. B erg, 49 W a ll S t .. N . Y . ; S eo. a n d T r e a s ..
G e o . W . C rary, M obile, A la .
D ir e c to rs .— B r a y to n Iv e s (C h a irm a n ), L . S. B erg, C has. K . B e e k m a n ,
G eo. R . S h e ld o n , F re d e ric E. Fried a n d R . W . K . A n d e rso n o f N ew Y o r k ;
J o h n M c L e o d , P ittsb u rg h : R ich ard B . S c a n d re tt, P ittsb u rg h ; W m . C.
S p r o u l. Chester, P a .; S . W e x le r, N ew O rleans, an d E d m u n d K . S ta llo.
N ew Y o r k .— (V . 90, p . 167.)
N E W O R L E A N S & N O RTH E A S T E R N R R .— N ew O rleans, L a ., to M er
id ia n , M iss., 196 m iles. S to c k , $ 6 ,0 0 0 ,0 0 0 (p ar $ 1 0 0 ), o f w hich $ 5 ,3 2 0 ,0 0 0
an d $5,1 9 5 ,0 0 0 gen . 4 Ms an d $ 1 ,5 0 0 ,0 0 0 Incom es w ere held In Jan . 1910 b y
A la . N ew O rleans T e x a s & P a c. J e t. R y .
R e o rg a n ize d In 1902 per plan In V . 74, p . 681 .
D iv id e n d o n s to c k 1903
and 1904, 3 % e a ch ; 1905, 3 M % ; 1 9 0 6 .5 % ; 1 9 0 7 ,6 % : 1908, 4 % ; 1900,
S e p t ., 5 % ; 1910, S e p t ., 6 M%.
O f th e gen . 4 M s, $ 1 ,4 7 2 ,0 0 0 are reserved
to retire the re m a in in g p rio r lien an d first m tg e . b o n d s a n d $76 6 ,0 0 0 fo r
fu tu re needs.
E q u ip m e n t n o te s o f 1906, V . 8 2 , p . 987.
E A R N I N G S .— 2 m o s .,1 1 9 1 0 ...................... G ross, $ 5 6 7 ,6 1 2 ; n e t, $ 2 0 4,95 5
J u ly 1 to A u g 3 1 .
J 190 9____________ G ross, 4 9 4 ,9 2 1 ; n e t,
147,173
R e p o rt fo r 1908-09, V . 8 9 . p. 1594.
Y r. end. J u n e 30.
G ross.
N et.
Oth. In c .
I n t ., A c .
B a la n ce.
19 0 9 -1 0 .................... ..$ 3 ,4 4 3 ,1 0 2 $ 1 ,0 7 4 ,0 9 2 $20 ,494 $ 5 8 0,66 3 $ 5 1 3,92 3
1 9 0 8 -0 9 _____________ 3,0 3 5 ,0 8 8
8 43 ,164
86,651
599 ,748 3 3 0 ,0 6 6
F rom surplus p aid d lv . o f 6 M % ($390,000) In 1909-10, a gain st 5 % ($ 3 0 0 ,
000) In 1908-09.— (V . 87, p . 1 2 9 5 ; V . 89, p . 779, 1223, 1 5 9 4 ; V . 91, p . 717 .)
N E W O R L E A N S T E R M IN A L C O . — O w ns e x te n s iv e term inal p r o p e r t y a t
N ew O rleans an d a belt railroad a ro u n d the c it y , leased to the S t. Louis &
San F ran cisco an d S o u th . R y . fo r 99 years fro m J u ly 1 1903. ren tal c o v e r in g
all expenses o f o p e r a tio n s , m a in te n a n ce , taxes an d Interest. S o u th e rn R y .
and S t. L ouis & San F ra n cisco each o w n h alf o f the $ 2 ,0 0 0 ,0 0 0 o u ts ta n d in g
s to ck ($5,0 0 0 ,0 0 0 a u th o r iz e d ), an d Jointly gu a ra n te e the b o n d s.
In F e b .
1909 $3,0 0 0 ,0 0 0 o f an Issue o f $ 3 ,5 0 0 ,0 0 0 2-y e a r 5 % n o te s, gu a ra n te ed b y
tw o lessor co m p an ies an d secu red b y $ 5 ,0 0 0 ,0 0 0 b o n d s, w ere sold t o retire
$ 2,500,000 n otes m atu rin g A p ril 10 1909 and fo r Im p ro v e m e n ts , V . 8 6 , p .
721; V . 88. p . 564.
P re s ., D . D . C urran. S e e V . 78. p. 3 4 3 , 1447; V . 7 9 .
p . 1466; V . 81, p. 155: V . 83, p . 272: V . 8 6 . p . 721: V . 88, p . 564.)
N E W P O R T & R IC H F O R D R R . — O w ns fro m N e w p o r t, V t ., to C anadian
line near N o. T r o y , 22 m iles. L ea sed fo r 99 years from Ju n e 8 1881 to
M ontreal & A tla n tic R y ., In turn o p e r a te d b y Canadian P a cific R y . - rental
$18 ,0 0 0 a y e a r. S t o c k . $ 3 5 0 ,0 0 0 , m o r tly ow n e d b y C o n n e c tic u t & P a ss u m p s lc R ivers R R . (B o s to n & M aine s y s t e m ), w h ich g u aran tees th e new
$35 0,00 0 1st 5s, p rin cip a l a n d Interest. V . 91, p . 1 02 6.— ( V . 91, p . 1026.)
N E W Y O R K B A Y R R . — O w ns fro m K e a rn e y J u n ctio n , N. J ., to a p o in t
4,184 feet east o f W a v e r ly S ta tio n , near N ew ark, an d fro m a p o in t 4 ,0 3 7
fe e t east o f W a v e r ly S ta tio n to the b u lk h ea d line a t G reen ville piers, o n N ew
Y o r k B a y, 10.98 m iles, w ith 3 bran ch es, 2.59 m iles; to ta l, 13.57 m iles.
S t o c k , $6 ,0 0 0 ,0 0 0 , all o w n e d b y P en n sylva n ia R R .
In 1908 m ade a m t g e .
to secu re $ 6 ,0 0 0 ,0 0 0 b o n d s, o f w h ich P en n . R R . D e c. 31 1909 o w n e d $ 3 ,
3 1 0 ,0 0 0 . V . 86. p . 920, 9 8 2 .— (V . 8 6 , p. 920 , 982.)
N EW Y O R K B R O O K L Y N & A 1A N H A T T A N B E A C H R Y .— Owns from
Fresh P o n d J u n ctio n to M an h a ttan B each (C o n e y Island) . and branches
t o B a y R id g e a n d G re e n p o ln t, 15 m iles.
L eased for 90 years from
O c t . 1 1885 to the L o n g Island R R . C o ., w h ich o w n s m a jo r it y o f s t o c k .
R e n ta l, Interest o n b o n d s and 5 % o n p re f. s t o c k . C o m m o n s t o c k , $35 0 ,0 0 0 .
L . I. R R . has a tta c h e d to the b o n d s Its u n co n d itio n a l g u a r a n ty o f p rin cipa l
an d Interest In a d d itio n to fa cts as to le a s e .— ( V . 83, p . 1348.)
N EW Y O R K C E N T . & H U D . R I V E R R R . — (S ee M i p s . p p . 8 8 , 89.)
O perated Under Contract (C o n ci.) —
L in es ow ned.
M ile s
66
N ew Y o r k to B u f f a l o ___________ 441 S t. L a w ren ce & A d ir o n d a c k * ..
B r a n c h e s ________________________ 365 T r a c k a g e ......................... .................. 274
P ro p rie ta ry l i n e s _______________
3
T o ta l In ea rn in gs____________ 3,7 8 2
L in es leised . (*See this c o .)
C ontrolled— Operated S epa ra tely.
W e s t S h o r e * ____________________ 479
T r o y & G re e n b u sh * ____________
6 Lake S h ore & M ich. S o u th e r n * . 1,663
S p u y te n D u yvll & P t . M .* ____
5 M ichigan C e n tra l* _______________ 1,746
88
N ew Y o r k & H a r le m * __________ 137 Lake E . A llia n ce & W h e e l in g ..
N ew Jersey J u n c t io n * __________
5 N . Y . C h ic. & S t. Lou s R R . * . _ 523
R o m e W a te rto w n & O g d e n * ___ 624 L a ke Erie & W e s te rn * _________\
M ohaw k & M a lo n e *____________
182 N orthern O h io * .................... ......... 1 886
C arthage & A d ir o n d a c k * _____________ 46“ Big F o u r " S y s t e m * ____________ 2,334
N ew Y o r k & P u tn a m * _________
59 C h icago Indian a & S o u t h e r n * .. 353
248
B o sto n <Ss A l b a n y * ______________ 393 C incinnati N o rth e r n * __________
91
N ew Y o r k & O tt a w a * __________ 126 D unkirk A ll. V al. & P it t s .* . . .
191
G en eva Corning & S o u th e r n ____ *232 P itts. & L ake Erie sy ste m * . . .
Beech Creek R R . * ______________ 165 R u tla n d R R ...................................
468
L ittle Falls & D o lg c v llle ............
14
B eech Creek E x te n sio n R R .,
55
e t c . * __________________________
127 C h icago K a la m a zo o & Sagin a w
44
W allk lll V a l l e y ................................
33 D e tro it & C h a r le v o ix ------------Operated Under Contract—
In d ia n a H a rb o r B e lt----------------160
T erm in al R y . o f B u ffa lo * ____________ 11
T o t a l Jan . 1910, less 101 m . d u p lic a te d (338 m iles 4 -t r a c k c d )----- . . . 1 2 , 4 3 0
O&s.> L910.1J
R A IL R O A D C O M P A N IE S
[F o r abbreviation s, & c ., see notes on first page]
M ile s
Road
D ate
B on d s
Par
V a lu e
$1,000
1,000
1,000
1,000 &c
1,000
Am ount
O utstanding
W hen
P a y a b le
R ate
%
L a st D ivid en d
and M a tu r ity
P la ces W here Interest and
D ividends are P a yable
N ew Orl & N b (C on cl) — G en M 5 8 ,0 0 0 ,0 0 0 g ___ F.c"
In c o m e m ortg a ge (n on -cu m ) $ 1 ,5 0 0 ,0 0 0 g o l d ___N .i
E q u ip m e n t n otes g old d u e 539 ,000 s e m i-a n n u a lly ..
196
196
___
N o te s g u a ra n teed g o l d _________ J ____________________
N ew O rleans T e x a s & M e x ico — See S t L ou is & San Fr".
N ew p ort & R ic h fo r d — 1st M 5350,000 g , gu C & P SB cx
N ew Y ork B a y —First m ortg a ge 5 6 ,0 0 0 ,0 0 0 g o l d .- U P
N Y B k lyn & M anhattan B e a ch — P r e f s to c k n o n -c u m .
F irst c o n s M (n ow 1st M) g o ld gu a r b y L I ____ C e.c*
N Y C ent & H ud R iv er— S to c k (5 2 5 0 ,0 0 0 ,0 0 0 au th ) -T r
R e fu n d in g m ortg age 5 1 0 0 ,0 0 0 ,0 0 0 g o l d .. - C e . c * & r
C oll trust g (5 100,000.000 ) L a ke S hore s t k . . a . c * & r
d o d o (52 1 ,5 5 0 ,0 0 0 ) M ich C ent s t o c k ________ G
M tge on G en Corn ft S ou 510 ,0 0 0 ,0 0 0 g o l d - F x c &r
M tge on S p u yten D & P M 52 0 ,0 0 0 ,0 0 0 g o ld ____ Ce
D eb en tu res (V 69, p 1102; V . 71, p 502 , 9 6 4 ) ____
D eben tu res 5 5 0 ,0 0 0 ,0 0 0 g o l d ........................- U s . c ’ &r*
N ew Y ork Central L in es—
J oin t eq t r g 52.000,000 a n ( V 8 6 , p 800, 9 2 0 ) - G .c * f t r
d o d o 5 2 ,0 0 0 ,0 0 0 a n . (V 9 0 ,p 9 1 4 )._ O c * & r
N Y C h ica g o & St L o u is — C o m m o n s t o c k _______
2d p ref s t o c k (5 % n o n - c u m ) ___________________
F irst p referred (5 % n o n -c u m u la t lv e )__________
F irst m ortg a g e g o ld sink fu n d n o t d r a w n ..C e .c * & r
D eb en tu re b on d s 5 1 0 ,0 0 0 ,0 0 0 g o l d ______ Q x .c * & r *
N Y & G reen w ood L a k e— P rio r lien M gu p & l-N .g x c *
N ew Y ork & H arlem — C om m o n 1 4 % , 1 0 % gu a ra n te e d
P referred s to c k 1 4 % , 1 0 % g u a r a n te e d _______________
R e fu n d in g m tge (n ow first) 5 1 2 ,0 0 0 ,0 0 0 g . . G . c * & r
N Y L a ck aw an n a & W e s te rn — S t o c k g u a r 5 % ( e n d ) . .
F lrst m ortg age g u ar b y D el L a ck ft W e s t e r n ..F .c *
C o n s tru ctio n m ortg a g e gu a r b y D L & W ( e n d ) . F.c*
T h ir d M T erm Im p (5 5 ,0 0 0 ,0 0 0 ) g u a r p & 1 ( e n d ) - - F
N ew Y ork Lake Eric & W e s te rn — S ee E rie R R
N Y & L on g Br— G en M (n o w 1st) $ 2 ,5 0 0 ,0 0 0 g C e.c*
N ew Y ork N ew H aven & H a r tfo r d — S to c k (see te x t) .
D eb en tu res (5 5 ,0 0 0 .0 0 0 are 4s) n o n - c o n v e r t ib le .c & r
D e b (fo r C en t N E & W ) g n o n -c o n v (V 78, p 768)
D eb en tu res (fo r F H & W ) (V 7 8 , p 2 3 3 5 )..................
D eben tu res (for N . Y . O n t ft W e st) (V 8 0 . p 2 4 5 8 ).
...
1902
1902
1906
1903
1909
22
14
15
15
___
809
___
___
___
___
___
...
1911
1908
____
1885
____
1897
1898
1898
1909
1909
1900
1904
1,000
J Jan 1 1941
350 ,000
J
ft
5 g
1,000 &c
3 ,8 4 0 ,0 0 0
J Jan 1 1948
ft
4 g
J
100
650,000
ft o O ct 1910 2 ) 4 %
5
A
1,000
1 ,726,000
A & o O ct 1 1 9 3 5
5 g
100 2 23 ,290 ,00 0 See t e x t
O ct 15 ’ 10 1)4 G rand Cent S ta tio n , N Y
C— r
1,000 &c 8 9 ,0 0 0 ,0 0 0
ft
j J u ly 1 1997
3 )4 g J
do
do
1,000 &c 9 0 ,5 7 8 ,4 0 0
3 )4 g F ft A F e b 1 1998
do
do
1,000 &c 1 9.336,445
3 )4 g F ft A F e b 1 1998
do
do
1,000 &c
M & N M ay 1 1959
See te x t
4 g
do
do
1,000 &c
ft D Ju n e 1 1959
2 ,5 0 0 ,0 0 0
3 )4 g J
do
do
1 bond
ft
5 ,5 0 0 ,0 0 0
J J u ly 1 2000
do
do
3 M g .1
1,000 &c 4 8 ,0 0 0 ,0 0 0
M ft N M a y 1 1934
4 g
do
do
___
___
___
___
505
—
53
146
146
136
214
214
214
214
1907
1910
—
___ ____
1887
1906
1896
—
------1897
—
1880
1883
1890
1,000 &c
1,000 &c
100
100
100
1,000
1,000
100 &c
50
50
1,000 &c
100
1,000
1,000
1,000
38 1891
—
—
— ’ 97-’ 01
___ 1904
___ 1904
...
1905
1,000
100
B a la n ce, su rp lu s........ ................... 52 0 ,6 7 9 ,5 1 2
$ 7 1 ,6 7 6 ,5 3 5 + $ 1 8 ,3 4 3 ,4 5 3
$46 ,4 7 1 ,5 7 7
+ $ 7 0 2 ,7 6 4
4 ,7 0 5 ,5 4 8
— 2,782,391
18,2 9 1 ,8 6 0
+ 1 ,9 5 1 ,1 1 8
$ 2 ,2 0 7 ,5 5 0
2 4 ,0 0 0 ,0 0 0
22,500 000
1 4 ,0 0 0 .0 0 0
1 1 ,000,000
5 ,0 0 0 ,0 0 0
19,1 5 5 ,0 0 0
10,0 0 0 ,0 0 0
1 ,500,000
8 ,6 5 6 ,0 5 0
1 ,3 4 3 ,9 5 0
1 2 ,000,000
10,0 0 0 ,0 0 0
1 2,000,000
5,0 0 0 ,0 0 0
5,0 0 0 ,0 0 0
5 g
4 )4 g
See t e x t
See te x t
See t e x t
4 g
4 g
5 g
See te x t
See te x t
3 )4 g
5
6
5
4
2,5 0 0 ,0 0 0 4 g & 5 g
See te x t
8 In 1909
1 0 ,000,000 3 )4 ft 4
5,0 0 0 .0 0 0
4 g
500 <Scc 1 0 ,0 0 0 ,0 0 0
3 )4
4
15,0 0 0 ,0 0 0
N. Y. CENTRAL & HUDSON RIVER RR — (C o n clu d e d .)
A ls o c o n tr o ls L ake Erie ft P itts b u r g h R y ., c o m p le te d fro m L o ra in , O .,
s ou th ea st to B erea, 13 m iles, and t o b e e x te n d e d to C levelan d an d Y o u n g s
t o w n , m ak in g a b o u t 120 m iles In all. V . 83, p . 1037.
in Ja n . 1009 was au th oriz e d to purch ase the 598 9,00 0 S p u y te n D u y v e l ft
P o rt M orris s t
@FedFRASER