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T he I nvestors’
SUPPLEMENT
OF THE
(C ommercial & F in an cial [ [ hronicle .
GENERAL
IN D E X .
P age,
PREFERRED STOCKS OF RAILROADS (A ktice 2].
3
INDEX TO MORTGAGES AND MAPS,
6
INDEX TO ARTICLES REGARDING GUARANTIES,
DEBENTURES, PREFERRED STOCK, Etc ,. #
STEAM R A I L R O A D S ................................................ t
MISCELLANEOUS COMPANIES
144
GAS COMPANIES, (See a ls o ‘ •Muboh.Larsocs ,")
158
NEW YORK AND BROOKLYN BANKS
158
N. Y . AND BROOKLYN FIRE INSURANCE CO’S - 158
NEW YORK AND BROOKLYN TRUST COMPANIES - 158
INDEX TO RAILROADS CONSOLIDATED, ETC, 159
O c to b e r
W IL L I A M
B.
DANA
PINE STREET,
{Eatemul aotartilng to A ct o f Cougrm* Ib tt»© year 1
corner
3 0 ,
COMPANY,
1 8 9 7
PUBLISHERS,
PEARL STREET, F E W YORK.
by W illiam B. D ana C oM fA sr, in office o f Librarian o f Congress, W ashington,©. 0 .]
Is
JO H N
H.
& CO.,
D A V IS
B A N K E R S
AND
DEALERS
IN
HIGH-CLASS
INVESTMENT
SECURITIES.
MEMBERS OF NEW YORK AND PHILADELPHIA STOCK EXCHANGES.
Buy and Sell Stocks on all exchanges ON COMMISSION ONLY, and carry Stocks and
Bonds on margin.
1O
B
W A L L
ST R E E T , N E W
B
row n
Y O R K .
& Co.,
rothers
NEW Y O R K ,
59 WALL STREET.
PHILADELPHIA,
4th and Chestnut Sts.
BOSTON,
66 State St.
AND
ALEX. BROWN & SONS, Baltimore and Calvert Sts., Baltimore.
ALL
CONNECTED
BY
P R IV A T E
W IR E .
M e m b e r s o f th e N e w Y o r k , P h ila d e lp h ia a n d B a lt im o r e S to c k E x c h a n g e s .
Execute Orders on Commission for Purchase and Sale of Stocks, Bonds, and all Investment
Securities. Bills of Exchange Bought and Sold.
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C o lle c tio n s m a d e o n a l l p o i n t s ;
T e le g r a p h ic
T r a n s fe r s o f
M oney
m ade
b e tw e e n
th is
C o u n tr y
an d E u rope.
D e p o s it A c c o u n ts o f A m e r ic a n B a n k s , B a n k e r s , F i r m s a n d I n d i v id u a l s r e c e iv e d u p o n fa v o r a b le te r m s .
Brown, Shipley & Co., Founders’ Court, Lothbury, E. C., London.
J. S. FARLEE.
ROBERT D. FARLEE,
J. S. F A R LE E & B R O T H E R ,
NO .
11
W ALL
STREET,
-
NEW
YORK.
Brokers and Dealers in Investment Bonds and Stocks.
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R A ILR O A D
BONDS,
PAYING FROM 4 TO 6 PER CENT,
On hand for Immediate Delivery, suitable for Savings Banks, Trust Funds and other
Conservative Investors. Correspondence Solicited.
JAMES W H ITELY .
THOS. H. BOLMER.
H. CRUGER OAKLEY.
MAYNARD C. EYRE.
PR IN C E & W H IT E L Y ,
Bankers and Brokers,
NO.
44
BROADW AY,
NEW
YORK,
AND
IS
CENTRE
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CONN.
All classes of RAILWAY STOCKS, also Grain, Provisions, Petroleum and Cotton,
Bought and Sold on Commission.
S P E C IA L
A T T E N T IO N
G IV E N
TO
IN V E S T M E N T S .
The I nvestors
SUPPLEMENT
------ OF THE-------
C ommercial & f inancial Q hronicle.
Entered aeeordtn* to A ct o f Congress In the r e a r 1397, b y W il lia m B. D a s a Com pa n y , In the office ot Librarian o l Congress, W ash in gton , D. C.
NEW
YORK,
OCTOBER
T he I nvestors’ S upplement.
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extra charge to every subscriber ot the Commercial, axd Financial
Chronicle .
T ub Q uotation S upplem ent , bwued m onthly. Is also tarnished
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named, are Ten Dollar* within the l i n t e l States and T w elve Dollar*
(w hich Includes po*tage;i In Europe.
WILLIAM B. DANA COMPANY, Publishers,
P i be S t r e e t , C o r . P e a r l S t r e e t , New Y o rk .
P R E F E R R E D
STO CKS
O F
RAILROADS.
[A rticle l\]
In the April issue of this S u m , hub XT we gave the
erms of preference, itnil in connection therewith the
voting trust agreements (where these exist), for eight
prominent railroad companies which have recently
issued preference shares, namely:
A tchison T opeka A* Santa IV B y., O regon RR. A Navigation.
Brio lu ll road,
R eading Company.
Norfolk Sc Western Railw ay,
St. Louis & San PrsaeiMO RR.
Northern Pacific Railway.
Soothum lUUway.
To-day we present the same class of information re
garding the preferred stocks of tea other railroad com
panies. We also state the purposes to which the
shares have been applied. The companies treated of
are as follows, an article regarding them accompany
ing this compilation in the current issue of the
Chronicle:
1. AIte«h*ny V alley RR.
3, Ann A rb or R R
3. AW. C. Uw*i>, (eert. oflndbti
4. ILiUlinnr, n „ »,». & AW. Hr.
5 Balt. A* Ohio Southwest. R r
8. BriT-ilc R.*<*h. A P itteborg R y.
7. Canadian Partite Rv.
30,
1897.
! ho com m on aSSfe, then the holder hereof shall be entitled to a pro
rntu share with the holders o f the com m on stock o f any excess o f
dividend* d eclared a* aforesaid during autd year.
(2). Ann A rbor Railroad.
The total authoriz e issue of preferred stock is §4,000 000;
o f which amount *8,318,100 was issued in 1895 to the holders
o f the bonds of the Toledo Ann Arbor & North Michigan
Rv\ Co. (the divisional bonds receiving also certain amounts
of 4> bonds, bnt the *1,048,00 > consols only 180? in the pre
ferred shares i, as per plan of reorganization, in V . 39. p. 732.
After making this division and suite settlements. 4,789
shares rem lining were sold to a syndicate. The certificates
say:
PBRPKRREIl *t»C K IJMITKU TO 5 PEH CENT, XOS-CfMtrLATIVE.
The holder* o f the preferred steak are entitled to dividends not
I exceeding 3 per cent per annum in ca oh y ea r before any dividend
-hall be
red o r paid fo r *ueh year u p on any other «W ok o f said
! com pany n ow existin g o r hereafter created. Tin* right o f the pre
ferred stock to dividendaforc-a ld shall not be cum ulative, and
xneb stock I- entitled to no otto r or further -hare o f the net- earning*
o f -aid com pany.
Consent o r rwo-tariM »s o t r a m n i g wb^ waakv to m aking o r
ANT NEW XOKTUAQK.
No m ortgage o r bond* in c s o e . i t tin* .37,000,000 secured by the
m ortgage o f Hu* com pany, dated Ju ly J, 1895, shall be m ade b y the
com pan y without the content o f the holder* o f two-third* o f both the
com m on and pn-perred stock
(8 ) Atlantic Coast Line Company.
This company in 1897 authorized an issue of *8,000,000 cer
tificates of indebtedness, irredeemable and entitled to 5 per
cent interest, bnt oniv in so f ir as earned and declared. As
a claim the certificates rank ahead of the capital stock only,
and the company look* upon them as practically preferred
stock without full voting power, A mortgage cannot be pub
ahead o f them without th- consent of two-thirds in amount
o f the certificates, and the certificates are then to be ex
changeable for the bonds. O f the *6,010,000 certificates
authorized, *5,000,00 ) were issued to retire a like amount of
common stock. The certificates read as follows:
CKftTtnCATE OF ISMBTBONBSS
of
T he A tlantic Coast L ine Co m pa n y ,
No.
$
A corporation d u ly Incorporated and organized under the laws o f
; the 8ta»« o fO o m ir cth -o t Total Is-me not to exceed $8,000,000.
K now all men by these p r e s e n t t h a t the Atlantic Coast Lino Com
pany acknow ledge* that it Is Indebted to
In tbo sum o f *
8. Ohtoago A Alton RK.
9. Chicago & Eastern Illinois RR.
10. Chicago Great Western By,
(1 ) Allegheny Talley Railway.
AS
I R R B D B E U I W .I
C L A IM . P A Y A B L E
IS
PBBFRKBNCE
TO
C A P IT A L
STOCK 031,Y,
The preference aharw of the compauy are for the aggre
gate authorized amount of ................. . and are peculiar in
Tills certificate
he Irre tom u hte. save t in t it shall rauk as a
that they carry dividends that are cumulative but at the low- claim against said com pany, payable with other outstanding cer
rate o f 8 per cent per annum The preferred stock waa tificate* o f It* class, in preference to the capital stock o f the com pan y
issuable under the plan o f reorganization o f 13112 as follows: only.
To Pennsylvania R R . Con payment o f l > par cent assess ISTBRKST 5 FEU CENT, PAYABLE AS VAR AS BAttNBM ASD DJ5CLAREU
BYT XOS-CtlltULATIVE.
ment) for coupons of Liw Grade binds theretofore purchased,
Till! interest on this certificate Is In no event to exceed the rate ot 5
110,000 009; to h >1lew of income bonis $4,500,001; for inter
est advanced on State loan, *365,001; balance, *3,13.5,00) for p er centum per annum, payable sem i-annually, the first semi-annual
coupon® as thereafter purchased on Low Grade bond*, etc. payment t o ho made Riv.-tnlicr 1st, 1897. and thereafter wsml-auuua
The certificate say:
payments of 2 •« per r.-ut are to lie m ade on (lie first days of Juno and
raePERREt, 3 per c*sr* (crotU LA Tirr,), tubs omkos 3 p e r ceirr,Tiuex
Decem ber tn each year, if the laconic Is sufficient^ and if n o t then
DOTH PRO RATA.
. there t* t o bo paid only so m uch thereof a* the Income o f the half-yoar
The owner hereof is entiUod to dividend* payable from profit* a* will ju stify: -aid interest is to take precedence o f dividends on. the
the same shall from Umo to time bo divided by the hoard o f directors at -took only. The board o f directors, whoso decision shall be final, shall
ti).' rate o f 3 p< r centum per annum, from )li<* ilr-t. day o f Mar, h. 1992. ! have foil p ow er to aseerhUn nnd determ ine after all interest on any
tort w ithout inter,?* t- on delayed payment*. Until 3 per centum per an and all m ortgage bonds that m ay he issued Inis been paid, together
num from the «rid first day o f March. 1%f)J. shall have boon declared
with all necessary expenses, liow much, it any, incom e has been
upon this preferred stock no dividends shall be declared on the (tom
earned applicable to interest upon this certificate; and any part or the
mot! stock; but after paym ent o f 3 per centum in any ono year upon ; Whole o f any semi annual Interest rem aining by the action o f til
4
INVESTORS’
SUPPLEMENT.
board o f directors unpaid shall not thereafter be a olaim upon the
oom pany; as the true intent o f this oertLfloate is that the interest shall
In no sense be cumulative.
CONSENT OF TWO-THIRDS IN AMOUNT OF CERTIFICATES NECESSARY TO
MAKING OF ANY MORTGAGE.
This oortitloate is issued under an agreement with the holder that no
m ortgage can be made on this com pany’s property w ithout the con
sent o f at least two-thirds in amount o f the certificates then outstand
ing, to be evidenced b y the vote o f certificate holders, o f one vote for
ev ery $100 represented by such certificates in person or by p roxy, to
b e recorded in the proceedings o f the m eeting o f stockholders at
which such m ortgage m ay be authorized.
CERTIFICATES TO BE EXCHANGEABLE AT PAR IN LOTS OF $1,000 FOR
[V ol . L X V .
DIVIDENDS LIMITED TO 4 PER CENT NON CUMULATIVE.
This is to certify t h a t ........................................................ 1b the registered
holder o f ............................................................pounds sterling o f the p ref
erence stook o f the Canadian Paoiflo R ailw ay Co., issued under th e
provisions o f the A c t o f Parliam ent o f Canada 56 V ictoria, Chapter 41,
entitled " A n A ct respecting the Canadian Paoiflo R ailw ay Co.” T he
dividends on this stock shall n ot at any tim e ex ceed 4 per cen t per
annum and shall be non-cum ulative, and shall be payable half-yearly
at the office of the Com pany in L ondon, England.
(8 ) Chicago & A lton Railroad.
The indorsement printed on preferred stock certificates of
Chicago & Alton R R. is as follows:
ANY MORTGAGE BONDS ISSUED, PROVIDED HOLDERS GIVE
NOTICE WITHIN SIXTY DAYS.
WRITTEN CONSENT OF THREE-FOURTHS INTEREST NECESSARY TO AN
INCREASE OF THE PREFERRED.
A nd the holder o f this certificate is to have the option o f exchanging
the same at par in lots o f $1,000, or its multiple, for the bonds, or
other evidences o f indebtedness, that m ay bo secured by such m ort
gage, provided notice shall be given by such holder to the com pony
o f his or its desire to make such exchange within six ty days from th e
date o f the m eeting at which said m ortgage m ay be authorized.
[Signed under seal by President and Treasurer o f com pany.]
This preferred stock Is lim ited to the am ount origin ally issued un
less increased with the written consent o f three-fourths in interest o f
the holders thereof.
(4 ) Baltimore Chesapeake & Atlantic Railway.
The preferred stock is $1,500,000 and was issued in the
reorganization in 1894. The certificates state:
P R E F E R R E D IS LIMITED TO 5 PER CENT CUMULATIVE DIVIDENDS.
Tills preferred stock Is entitled in preference and p riority over tlie
capital stook o f tlio oom pany to semi-annual dividends to lie paid out
o f tUe net profits o f tlie oom pany on the first days o f M aroli and Sep
tem ber In eaoli year at the rate o f 5 per centum per annum, sucli d iv
idends to be cum ulative; and this stock is entitled to no other or fu r
ther share o f the profits.
PREFERRED ENTITLED TO 7 P. C. NON-CUMULATIVE; THEN COMMON TO
7 P. c.; THEN BOTH SHARE PRO RATA
A nd is entitled to a dividend fo r each calendar year o f n ot exceed
ing 7 per cent, p ay able out o f the net earnings o f the com pan y fo r
such calendar year (after satisfying the interest on its bonds and the
contributions to its sinking fund) before any dividend shall he p aid
upon the com m on stook and is also entitled to share pro rata w ith the
com m on stock in any dividend exceedin g 7 per oent on the whole
stock o f the com pan y, preferred and com m on.
COMMON AND PREFERRED SHARES HAVE EQUAL VOTING POWER.
The holders o f this stock are entitled to vote at all meetings o f stock
holders and at all elections o f the com pan y in the same m aim er as the
holders of the com m on stock o f the com pany.
(9 ) Chicago & Eastern Illin o is Railroad.
The authorized issue is $10,000,000 ($10,000 per m ile),
The holders o f this stock are entitled to v ote at all m eetings o f the having been created in 1887, upon consolidation with the
stockholders and at all elections o f th e oom pany In the same m anner Strawn & Indiana R R .,etc. (see V. 46, p. 135) ; later in 1888-89
as the holders o f the capital stook.
the amount outstanding was increased from $3,000,000 to
$4,830,700 to absorb the Chicago & Indiana Coal Ry. The
P R E F E R R E D STOCK SUBJECT ONLY TO PRIOR LIEN OF $1,250,000
BONDS OF 1891.
terms of preference, as expressed on the face of the certificate,
This stook is subject only to the p rior lien o f a m ortgage dated the are as follows:
EQUAL RIGHTS WITH COMMON TO VOTE.
first day o f September, 1891, executed to secure tw elve hundred and
fifty $1,000 first m ortgage 5 per cent gold bonds and the renew als and
extensions thereof.
(5 ) Baltimore & Ohio Southwestern Railway.
The capital stock consists of $10,099,001 of common stock,
which is owned by the Baltimore & Ohio R R ., and carries con
trol, and $20,000,000 of 7 per cent non-cumulative preferred
stock. The latter stock was issued in 1893 per plan in V. 56,
p. 504, as follows : For 77 per cent of face value of $20,000,00')
Ohio & Mississippi common stock (the other 23 per cent
receiving “ B ” income bonds), $15,400,000 ; as part considera
tion to Ohio & Mississippi preferred stock and Baltimore &
Ohio Southwestern Railroad preferred stock and income
bonds, .$4,600,000. The preferred stock certificates say :
PREFERRED ENTITLED TO 7 PER CENT DIVIDEND (NON-CUMULATIVE);
THEN COMMON TO 6 PER CENT ; THEN BOTH STOCKS SHARE PRO RATA.
The preferred stock is entitled to dividends not exceeding 7 p er cent
f o r each year (but such preferred dividends shall not he cu m u lative),
payable before any dividend on the com m on stook out o f the net earn
in gs o f the com pany for such year after paym ent o f taxes, operating
expenses, m aintenance o f railw ays and equipm ent and Interest on an
Its m ortgage bonds and other la w ful indebtedness, and is also entitled
to share pro rata with the com m on stock in any dividend exceedin g 6
per cent in any one year on the whole stook o f the com pany, preferred
and comm on.
PREFERRED 8TOCK SUBJECT TO REDEMPTION AT PAR.
But the com pany shall have the p ow er at any tim e to redeem the
preferred stock at par.
(6 ) Buffalo Rochester & Pittsburg Railway.
The preferred shires were is3usd in the reorganization of
1885-86 in part to pay the $3,615,090 of second consols at their
decree value after foreclosure (the road having sold for
$1 ,100,000), and to pay floating debt, and in part to subscrib
ers at a price to yield about $900,000 in cash for past-due
coupons, etc , The certificates’ comtain the following:
PREFERRED ENTITLED TO 6 PER CENT, NON-CUMULATIVE, THEN COM
MON TO 6 PEIt CENT; THEN BOTH SHARE PRO RATA.
This p referred stock Is entitled to a dividend fo r each oalendar year
o f n ot exceeding 6 per cent, payable out o f the net earnings o f the com
pany for such calendar year before any d ividend shall he paid upon
th e com m on stock, but such p reference dividend shall not he oumula tiv e and is also entitled to share pro rata with the com m on stock in
any dividend exceeding 6 per cent on the whole stook o f the com pany,
preferred and comm on.
(7 ) The Canadian Pacific Railway.
A ct 56 Victoria, Chapter 41, restored to the company the
powers in respect of preferred stock conferred by clause 37
of its charter. The issue o f preferred stock, however, must at
no time exceed in amount half the total common stock out
standing. The resolution of the company authorizing the
, issue of preference shares (in $ or .£) is in the report for 1892,
p. 38, and provides that “ the company may, for any purpose
involving the raising of new capital, the expenditure of which
shall have been previously authorized by the shareholders
at an annual or special general meeting, from time to time
create and issue preferred stock ” to an amount not exceed
ing in the aggregate the limit fixed by law.
The preferred certificate recites:
PREFERRED STOCK LIMITED TO 6 PER CENT YEARLY, NON-CUMULATIVE.
This stock is entitled to a preferen ce to the aggregate am ount o f 6
per cent in dividends w hich m ay he declared in any fiscal year out of
the net earnings o f the com pany, w hich dividend shall not he cum ula
tive. A ll dividends paid b y said com pan y in any one year, ex cep t said
6 per cent, shall b e paid upon the com m on stock.
(1 0 ) Chicago Great W estern Railw ay.
Two of the three classes o f preferred stock issued by this
company are unusual in several important respects. The
three classes are: (1) “ Debenture 4 per cent stock, gold,
cumulative.” (2) “ 5 per cent preferred stock A ” , gold, noncumulative. (3) “ 4 per cent preferred stock B” , non-cumulative, the preference here being in the order named and apply
ing to distribution of assets in case of liquidation as well
as to dividends.
The debenture 4 per cent stock and the 5 per cent preferred
stock A require special mention. They are strictly capital
stock and yet they are issued under a deed o f trust to the
Manhattan Trust Co. as trustee, each class for the total ag
gregate amount of $15,000,000. Of the amounts heretofore
issued all or the greater part of each was given in 1892 in
exchange for the first mortgage bonds of the constituent prop
erties, the Chicago St. Paul & Kansas City Ry. and Minne
sota & Northwestern RR., each $1,000 bond receiving $500
in debenture stock and $600 preferred stock A , an exchange
which, when fully completed ($359,000 of the bonds being
still outstanding) will have caused the issue of $9,477,000 de
benture stock and $11,372,400 of preferred A. The bonds
themselves as acquired in the exchange, together with the
railway, equipment, etc., are conveyed to the Trust Company
aforesaid, and are held to secure the payment of dividends in
accordance with the terms of the agreement.
The principal provisions of the trust deed will be found
immediately following the two certificates of stock next
cited, but it may be well to call particular attention to the
following points: (1) The holders o f the tsvo classes of stock
appoint the company’s “ Finance Committee” , which has gen
eral supervision and control of the company’s finances. (2)
The deed confers no foreclosure rights, but does confer the
right to have a receiver appointed under the control of the
Finance Committee in case of failure to pay the dividends as
promised, and (3) The power exists “ to sanction any modifi
cation of the rights o f the holders o f debenture stock or 5 per
cent preferred Btock A ” (which modification will be binding
on all the stockholders), through resolution passed by the
holders of these stocks at an extraordinary meeting, onetenth of said classes of stock collectively being necessary to a
quorum.
Under this right of modification a resolution was passed
in April, 1894, that the holders of all shares who should not
subscribe at 80 to new debenture stock (for improvements) to
the amount of 12% per cent of their holdings, should receive
the dividends payable to them to the amount of 12% per cent
in scrip convertible into debenture stock, dollar for dollar.
The working of this arrangement and the prospect of a com
plete resumption of cash interest payments on all the deben
ture stock are explained in the Chronicle of Oct. 30, 1897.
The provisions in the certificates of the debenture stock
and preferred stocks A and B are respectively as follows:
INVESTORS’
October, 13a7 |
SUPPLEMENT.
FOTFR PE R C E S T DEBENTURE STOCK.
Gl ABAXTEED DIVIDENDS UltlTEB TO 4 PKit CENT PER ANNUM IS (JOI.D.
The Oiliciutu Great W estern Railway Co. a grees that on the lo t h dav
o f Januury. 1893, ami on every 45th .lay o f each January and July
tlwre,liter, theuojnjKiny w ill p ay to the holder o f record the last (lay of
the preceding D ecem ber and June o f said shares in said debenture
slock J p*-r c-eat interest fo r the preeertiiur h a lf year, m aking an ag
gregate o f 4 per cent per annum (payable b y the term s o f the trust
deed. Section 3. In gold.—ED,), and in oonaidt-ratiou o f this guaranteed
interest the holder o f said shares shall not be entitled to participate
farther in the earnings o f the com pany, but It is expressly agreed that
no dividends shall be paid o n any subordinate stocks o f the com pany
until all accrued Interest upon the debenture stock shall have been paid
o r provided for,
RIGHTS SECURED BY DEED OP TRUST.
And to secure this agreement and fo r other purposes the Chicago
G reat W estern R ailw ay Co. has m ade a deed o f trust and contract
bearing date the second dav o f N ovem ber, 189a, to and with the Man
hattan Trust Co., a corporation o f the State o f N ew York, as Trustee,
and this certificate Ik issued under and In accordance with said trust
deed and contract, and the holder hereof to entitled to all the benefits
and la subject to a ll the conditions contained in said trust deed aud
con tra ct.
F IV E PE R CEN T PR EF E R R E D STOCK A.
DIVIDENDS 5 PER CENT PER ANNtU.
Inasm uch as the financial year runs from 1st July to 30th Jane and
the net earnings are usually m ore In the half-year ending 3 1»t Decem
ber than hi the half-year ending 30th June, the com pany agrees so
soon as practicable {<» m a k eu p an accurate statem ent o f its earning*
and expense* fo r each half-year, and the balance o f earnings o v er e x
p en se* s t a ll be etHMldered the net earnings o f the com pany fo r that
half-year. Out o f such net earnings In each half-year #11 prior charges*
and interest on the debenture stock shall be paid o r provided for. The
surplus in the half-year ending 31st D ecem ber up to an amount su f
ficient to pay a«a per cent dividend In gold on the 5 per cent preferred
stock A shall be applies! tor that purpose, and any further surplus
shall be carried forw ard to the n ext half-year the ultim ate balance o f
n et earnings in each y ear ending 30th June after paym ent o f interest
on the debenture stock and S p e r c e n t In guidon the preferred stock \
bein g applicable to dividends upon the 4 Iter cent preferred stock H
an d the com m on stock o f the com pany.
RIGHTS SECURED BY DEED Ok TRUST,
A n d to secure this agreement and for other purposes the Chicago
G reat W estern Railw ay Co, has made a deed o f i rind and rout m et
bearing date the second day o f Novem ber. 1802, to and with the Mat,
itettanT nuit Co., a corporation o ft h c State o f Now Y ork, us Trustee,
ana this certificate is issued under am i in .ucordaneu with *»M trust"
deed and contract, and the holder hereof 1* entitled to all the benefits
-and 1* subject to a ll the condition s contained In said trust deed ami
contrite t.
FOU R PER GENT PR EF E R R E D STOCK B.
x x r r r u n to 4 eke r r > r O sox-evM ut^ nvm . th e * oom uo * to 4 r t n
CENT, THE* BOTH SHARE MSO RATA.
The 4 per .-nt preferred stock It to entitled to such divM .-wri (nontho balance
im ia u ecof
ii,*i earning*
earning. o,,rf the
ti,.. -m op an y
t-nmnlitthf t * - , oavablc
P«y able out o f the
o f net
apuilca bie u.f *ueh dividends m the boa?*! o f d im -tors %tm\ from time
to tlm< de. Ur*-, not exceeding -t per cent in any tu.-ai year. i.« fore any
dividend shall be paid on the com m on otoc V; an,I After 1 i * r ,, ni'riiafl
l«*e been paidin toy 11.
« f t u r p lii.. urulnc* appij,
t., .Im -i.-m t.
RIGHT TO ISSUE ADDITIONAL STOCK.
W henever the directors o f the com pan y shall b y resolution decide
that additional 4 per cent debenture stock or 5 nor cent preferred
stock A should b e issued (additional to the am ount authorized as above
stated ui exchange,etc.—E d .], it shall b e thedutv of the finance comm ittee
to call an extraordinary general m eeting o f trie holders o f both olasses
of stock m the city o f L o n d o n ; and if the holders o f a majoritii in
am ount o f those stocks collectively present in person or b y p rox y vote
m fa vor o f approving the recom m endation o f the hoard o f directors
the finance com m ittee shall thereupon direct the trustee to coun ter
sign and register the additional stock so authorized, [U nder this
authority 82,000,000 additional debenture stock was authorized in
A pril, 1894.]
PRIOR SECURITIES MAT RE ISSUED IF AUTHORIZED BT TWO-THIRDS
VOTE OF STOCKHOLDERS AT MEETING.
13.
W henever the directors shall deem it fo r the interest o f the un
dertaking that bonds o r other securities should he Issued and b e m ade
a charge upon the undertaking prior to the 4 p er cent debenture stock
or to the 5 per cent preferred stock A. it shall b e the duty o f the finance
com m ittee to call an extraordinary general m eeting o f the holders o f
both class©* of stock in the city o f London, at which m eeting shall be
submitted the resolution o f the boa rd o f directors, and if the holders o f
> n , - t h i r d s ' in amount o f those stocks collectively present in person or
by p rox y vote m fa vor o f approving the whole or any part o f the
recom m endation o f the board o f directors, the finance com m ittee shall
thereupon direct the trustee to countersign and register the securities
so authorized, and such authorization shall be considered In law and In
fact as the consent o f each and ev ery holder o f 1 per cent debenture
stock and o f 5 per cent preferred stock A that such securities m ay be
issued and bo secured hereby and be a p rior charge upon the under
taking in conform ity to said vote.
DEFAULT FOR'SIX MONTHS, SECURITY MAY RE ENFORCED.
1n case o f default for six months in the paym ent o f tiny interest due
on the 4 per cent debenture stock, the trustee m ay be required to en
force the se. iirity hereby constituted by extraordinary resolution o f
in- holders o f a m ajority in amount o f that stock present in person or
by p rox y at a m eeting to be convened ami held in manner p rovided in
t he schedule hereto. I f the com pany shall fail fo r six months to appro
priate- Its net earning- hi accordance with the agreem ent contained in
clause 4 hereof hi payment of dividend on the 5 per cent preferred
stock A the trustee may be required to enforce the security hereby
constituted by extraordinary resolution o f the holders o f a m ajority in
am ount or that stock present in person or by proxy at a m eeting to be
d m maimer provided in the schedule hereto. The
wound up, o r in ease any covenant o f the deed u not observed.
AJTOINTMKNT OF RECEIVER.
At any time after the security hereby constituted becom es en force
able the trustee *buU appoint n receiver of the premises w henever re
quired m to do by the ttnanee com m ittee acting under authority o f an
extn ton l Iiary resolution o f the holders o f the 4 per cent debenture
stock and the 5 per cent preferred stock A collectively. The receiver
so appointed shall be a p* r>«*ii approved by the finance com m ittee and
In bis m aimgcm ent o f the property a a receiver and in the appropria
he shall at ail times act
ltion
. / ' Vo f, the
' ' , ' , net
' , earning*
, , , V i K r o f the undertaking
„
. .Ti
iijyci
o f the
J , . tVto
T tb*
J control
. F T ’ *?
* finance
* * * * * * ebm mlftee
And while such re’ t f ! ! I 111*! I*o **,’*‘,W>ji } 10 1
com m ittee shall have the same con' #» ‘ r } '*•' u»dertaksng and its revenues that the board of directors
|
J k "PST >Tf" r' ' ‘J’ 1' fuem-ity becom e* <m-
■-nltmo I *_>r'
n>- ,,r.-feri .-I ..t,„ t
the common stock.
CHICAGO GREAT WESTERN TRUST DEED.
, '
' Al
1'
,M
1,1,1 tm^t.-.- m any time ujiou
' •••mmlit,-.. to rem ove Hie receiv e!-n od appoint
■ While the undertaking Is under the m anagement o f such receiver
arty ultimate tmlstiee o f the net earnings after discharge o f all ex1Jf
o f *]“ ' t*y‘-ivi r*ldp Shall be paid o v er within three' months after
uor Hose o f each year to the com pany, and w henever the com pany shall
| make g ood iu default the receiver shall be discharged.
Thu trrnt deed myg: ••Whereas for the purpone o f pur
TRUSTEE MAT HE REMOVED.
chasing the said ftrst mortgage 5 j^er cent gold bonds and for
At any extraordinary general m eeting o f the holders o f 4 per cent
the other jrarpows hereinafter expressed, the company has deheht.w
**o. k SSd r, per cent preferred stock A collectively by
deterrntned to create $15.0*0,(00 nominal value of t per extraordinary roolnUnn* tie- tnwjee m
may
bo rem
removed
ay be
oved and a new
cent mmmmxe stock ana §15,000.000 nominal v&Itt© o f 5 per !
appelated* or in wwe of a vacancy & new trustee may be
cent preferred stock A, and to secure the payment of the ina “ VT tT^im nhul1 1,6
appointed snob
terest or dividend* on said stock as berein«Tt«r e x p r e s s e d , b mietma *”
the r*Kht<**powere nu,i dutl<m the <*” ***•
that therefore it conveys to the trnstee all the railway and
stockholders’ meeting.
eqttipimal now or hereafter actmired from the Chicago St»
^ schedule accompanying the trust deed, which it isp roPattf & Kansas. City Railway, all said first mortgage 5 per ' yi^e(^ Hhafi have the same effect as if set forth in the deed
cent bonds and all rolling stock lease warrants acquired, and
contains the following :
The comoany then covenants m the deed in terms stibstan* ««*»; conyrm* * min ting in London of the holders of the debenture
tially the name as those used in the rrrrtificatA ftiwwA
a f ,* !yuJ
thf‘ ? i>,vr '-eat preferred stock A eolleetively or of the
w ill DAV thft d iv h C n rla rm $Ks»
a YL
holilcM ofoitl»**rof «urh oIuahi ** o f stock separately am i tho fluanco
^ in pay tap dividends on the two Classes of stock, and that committee d*%li convene *neh meetings on the request In writing of
in crute of nqtndation it* wtt »**et* sitall b« aunlicable to the i" r C*1' h<,’,linK"iu-tcntli «f tin* nominal amount of ancli atocka'for
paymotu in sold of the capital of tho difforonf ciaosoa o f *, v " ni: '■piif'tlvdy for_» mectins of itolders of both classes of
stock* o r .o c n r ifio R in th o
n r -i ,- ,
f, ,
" ,0 ,;h " r
(oath o f te c nominal amount o f either class o f stock for
.41. t T‘ , 00011" i . ™
ordwr or priority a* their tli.-tim - twimr for a m c-u n x oflm lders of that class o f stock sepoUH KleTid* are provided to be paid. The amount or the two r 'tl‘|f
stocks declared i(.*nahle forthwith were: In exchans* for first
osk-tunth or stock secsssaby to quobum,
tnortRtae
$11,372,400 preferred stock \ and id 477 u00
:i
»f one-untli of tin- nmninul amount of the debenture
debenture stoi k • for other
n. L
t n K .t L l A
’" 'l 5 l - r
pr,-f -rr.-rt -.u.-k A collectively for a meeting of
0,10 r ’ L a i n , , 'i « , nisVoT,1 1 es debenture stock $3,'00,* holder, «f both ...... „ f stoek and holders of mu-tenth of the nominal
ijy Iy yldmon#] $>,000.«tt« was atuhonzed 111 April, 1894], amount of cith-r el!,*, of .took for a im-etfiie of boiders of that class of
4 ne deed provides in substance as follows:
*U>kk *«pnrotely shall form a qaorunt for the transaction of business,
iUlfl n° bosines, rim! I in- transacted at any meeting unless the requisite
. , ,,
.
,
i bi >r u u m m .
quontin be preseut nt the commencement of the bhsincss.
A# to the prior pnargft*; -**2Hc*wit I# Rgre?>ci that the amount?* duo on i
. . .
the*#' yaiiou.4
and rotitr»< *<%tugbthor with th«?
at the I
tower to modify RIGHTS of stoCKHOLdeiis,
*ale o f , l m'•r *;**tit i»*vr annum on it» writing jttovk Ih iw warrn.nt-« und
^
iB b m it on n* p m r lty bum, shall be a p rior charge upon tho net
iscoftio *>i the premisys hereby convoyed and. the aggregate o f the$e
together with taxes and any other amount* which m ar heroh* »greed_fo ho paid for rentals (with the consent- of the finance
1 h fw b m fto r provided for), and interest on Imndt o f efclmr
4 0)1-1! may hereafter be issued and made prior to the corn-
1 , At- oxtraordlnury gvnomt mooting* o f holder* o f debentttro st-ook and
' $ P*r oont- proforrod *fock A eolloutlvoly In addition to any powers
conferred by the trust- deed the stockholder* shall have the follow in g
: p o were exercisable by extraordinary resolution, viz,:
; *aJ P ow er to sanction the release o f any prem ises com prised in or
I
to the trust deed.
|
Rower to sanction any compromise or arrangement proposed to
5f* i t K*-v
oobenittre stock, to manner and form hereafter oro- •be made between the company and any holders of stocks or securities
vmeo. .shall *mflectfvMy
eolieetivelv fo
forr sake
eonveoi*.n«>.Y in
in this
this* m-.f.oanf
i»*» I of the company,
sake ooff convenience
contract be
term ed prior charge*.
(c) Power to sanction any modification of the rights of holders of
debenture stock or § per cent preferred stock A against the company
FINANCE COMMITTEE.
or against its property, whether such rights shall arise under the trust
*f,.rvKr i1 meeHngs to b e held on the second W ednesday deed or otherwise,
Hif‘ “tookholders (holders o f dobctuturc stock ami .
Power to assent to any modification of the provisions contained
shal.1 elect the flnanee com m ittee o f the com pan y to serve in the trust deed.
db^RIRfffemts- “ The said finance com m ittee shall have
An extraordinary resolution passed at any extraordinary general
o f + E r; ’ >
m m vfd supervision and control o f the finances
meeting of the holders of debenture stock and 5 per cent preferred
iLVto
tl,i* ri^ t ftnd the authority by an stock A coLIectively, or of either class of such stocks separately shall
Sfi f? ;
a
nt) duly appointed by them «t anv and ne binding upon all stockholders concerned, whether present or not
»nd books «.f the com pany and audit present
..................................
at such meeting, ................
and each of such stockholders shall be bound
s%ny ***?*■ * H m tfoversv should arise as to the ! to /rive effect
accordingly,
■“*' ‘ thereto
©to accordingly^
3 m>T rWu
"C ?'1’,B te tb e p a y m e n t o f dlviUend* on th<Tlio ORpreiuilon
cxtriiordinury resolution
re
. ........ extraordinary
means a resolution passed
tt£!^ yr.ill?*
r»!'l *te('K A, tho matter In ™ n trover,v shall bo lo ft to at• an extraordinary general meeting duly convened in accordance
** r h ?* f alrt 8banco eom m lttco and the decision o f said with the provisions herein contained by the holders present in person
IT
iiml ’ ^mdusive." The finance com m ittee shall or by proxy of a simple majority or of two-thirds in amount of the
Jl5hE to anPcrlntend or approve the ml© o f ail new stock stocks or stock represented at the meeting, as the ease may require
*ir wonds and the appropriation o f the proceeds.
according to the provisions of the trust deed.
6
INDEX
JJJVESTOilS’ STTPPLEMEN1.
TO RAILROAD MORTGAGES
RAILROAD
RON1CLE:
OL. PAOE.
A tchison Topeka & Santa Fe mtges., securing p rior lien gold
4s, due Oct. 1 .1 9 2 5 , and gen. M. g., 4a, due Oct. 1 ,1 9 9 )
Adjustment m ortgage, gold 4a, due July 1 , 1 9 9 o ............
Balt. Belt 1st mort. 5s, due 1990
.- - - - - - ...............................
Baltimore A Ohio Consol. M. os, due Feb. 1 ,1 9 8 8 .................
Terminal 1st m ortgage, 4L>s, due June 1, 1 9 3 4 ..- -........
Balt. *fe Ohio Southwestern 1st M. 4L>s, due Jan. 1 ,1 9 9 0 .......
1st, 2d and 3d income m ortgage,due Jan. 1 ,1 9 9 0 ....---Brooklyn Elevated—Un. El. 1st M. 6s o f 1887, due 193 / —
Union Elevated 2d M. o f 1887, due 1 9 2 7 . . . . . . . . . . - - - - - •*
Buffalo & Susquehanna 1st M. 5s, gold, o f 1893, due 1913..
Cambria <fc Clearfield 1st M 5s, 1891, due 1 9 4 1 . . . . . . . . . . . . - - Central •f G eorgia Ry consol. M., os, gold, 1895, due 1945.
62
62
52
46
59
51
51
49
49
57
52
61
45
45
45
45
45
45
49
1st consol. M. 5a, due May 1 ,1 939 .
51
51
54
45
Chicago Burl. & Q., Nebraska ext. 4s, due May 1 ,1 9 2 7 .
...
rm a rlnn 1 OQ9
i.
„ J i__
51
45
45
45
45
45
45
1st M. Dakota & Great Southern 5s, due Jan. 1 ,1 9 1 6 ---- 45
1st M. Dubuque 6s, due July 1 ,1 9 2 0 ................................... 45
1st M. Fargo & Southern 6s, due Jan. 1 ,1 9 2 4 ................... 45
45
45
45
45
45
45
45
Terminal M ort. 5s, due July 1,1 914 ..
45
45
45
48
52
52
47
47
47
52
45
51
47
47
52
45
Erie RR. 1st oonsol. m ort. securing p rior lien and general
62
45
49
Ga. So. A Fla. (So. Ry. System) ls t m . 5s, g. due July 1,1945. 61
52
49
64
45
49
46
54
64
51
49
Louisville & Nashville Unified mort. 4s, due July 1, 1940
51
51
49
Minn. & St. L. 1st cons, gold 5s o f 1894, due Nov. 1, 1934. 59
M. St. P. & S. Ste. Marie 1st Cons. M. 5s, due July 1 ,1 9 3 8 ... 47
1st M. Minn. S. Ste. Marie & Atl. 5s, due Jan. 1 ,1 9 2 6 —
45
52
51
51
47
47
New York Chicago & St. Louis 1st M. 4s, due Oct. 1 ,1 9 3 7 .. 45
N. Y. Ontario & Western Cons. 1st M. 5s, due June 1, 1939. 49
N. Y. Susquehanna & West. 1st mort. 5s, due Aug. 1 ,1 9 4 0 .. 52
Terminal 1st M. 5s, due May 1 .1 9 4 3 ................................... 57
N orfolk & W estern Ry. 1st consol. M., gold, 4s, due 1 9 9 6 ... 64
58
Northern Pac. Ry. prior lien M., 4s, gold, due Jan. 1 ,1 9 9 7 .. 63
63
63
51
51
47
51
51
Philadelphia & R eading Railway m ortgage, dated N ov. 18,
64
45
Reading Com pany and Pliila. <& Reading Coal & Iron Co.
64
64
54
49
64
8t. P. M. <fc M. 1st M. Mon. ext., 4s, due June 1 ,1 9 3 7 ..
45
Pacific Extension 1st m ort. 4s, due July 1, 1940.............. 52
San Frau. & North Pacific 1st M. 5s, due Jan. 1 ,1 9 1 9 ............ 49
Southern P acific gen. M. 5 b o f 1888, due 19 38......................... 49
Southern Pac. o f Cal. 1st conRol. M. o f 1893, due 1937......... 57
Southern Railway 1st cons. M.'5s, due July 1, 1994............. 59
Texas & Pacific 1st M. 5s, due June 1, 2 0 0 0 ............................ 47
2d M. 5s, due Dec. 1, 20 00..................................................
47
Toledo Peoria <fc Western 1st M. 4s, due July 1, 1917............. 45
Toledo St. L. & Kansas City 1st M. 6s. due June 1 ,1 9 1 6 ....... 45
Union Pacific collat. trust notes, 6s, due Aug. 1 ,1 8 9 4 .......... 53
Kansas Pacific consolidated 6s, duo May 1, 1919............ 58
Union Pacific D enver tfeGulf con. M. 5s, due Dec. 1, 1939___ 51
Virginia Midland general M. 5s, due M ay 1 ,1 9 3 6 . . ............... 47
Wabash 1st M. 5s, due May 1. 1939.................................. .......... 49
2d M. 58, due Feb. 1 ,1 9 3 9 ............................................... .
49
Deb. M. 6s, due July 1 ,1 9 3 9 ............ ...................................... 49
Detroit & Chicago Exten. 1st M. 5s, due July 1, 1 9 4 1 ... 54
Western New York & Penn. 1st M. 5s, due Jan. 1 ,1 9 3 7 ........ 47
W est Shore 1st M. 4s o f 1889, clue 2361..................................... 42
W isconsin Central Co. & RR. Im prov. 5s, due M ay 1 1931.. 53
731
739
205
804
71
245
246
583
584
639
976
873
242
402
241
54
55
55
147
144
144
644
441
911
146
85
213
144
145
85
213
144
212
144
114
114
145
85
114
212
114
145
145
830
465
468
260
261
261
42
540
572
228
229
354
274
86
440
239
429
242
582
1044
372
237
45
444
1182
114
208
613
248
177
1145
142
243
356
495
495
287
83
541
238
84
512
376
903
1012
1017
928
242
243
201
246
247
618
439
[V ol . LXV.
AND OTHER MAPS
SUPPLEMENT.
IN
THE
T h e r a ilr o a d m a p s in t h e SUPPLEMENT a n d m a p s o f c e r t a in
c o a l c o m p a n ie s ’ p r o p e r tie s m a y b e r e fe r r e d t o e a sily b y t h e
in d e x b e lo w . T h ese m a p s a re p re p a r e d w it h m u c h c a r e in t h e
C h r o n i c l e o ffic e , a u d a re in t e n d e d to s h o w a s c le a r ly as p o s s
ib le t h e p re c is e lo c a t io n o t th e v a r io u s r a ilr o a d s r e p r e s e n te d
a n d th e ir s tr a te g ic p o s itio n in c o m m a n d in g bu sin ess.
MAP.
PAGE.
A n n A r b o r ........................................................................................................
8
A tchison T opeka & Santa Fe R ailw ay System ....................................... 10
Baltimore & O liio............................................................................................. 13
Baltimore & Ohio Southwestern. See Baltim ore & O h io ..................... 13
B angor & A roostook .........................................................................
15
Buffalo Rochester & P ittsb u rg .................................................................... 18
Canada Southern. See N ew Y ork Central............................................... 97
Central Pacific. See Southern P a c ific ................
129
Central o l G eorgia.......... ............................................................................... 22
Central RR . o f N ew Jersey ........................................................................... 24
Chesapeake & Ohio.......................................................................................... 27
Chicago B urlington A Q uincy...................................................................... 29
Chicago & Eastern Illinois.......................................................................... 31
Chicago Great W estern ................................................................................ 32
Chicago M ilwaukee & St. Paul...................................................................... 34
C h ic a g o * North western................................................................................ 37
Chioago R ock Island & P acific..................................................................... 39
Chicago St. Paul & Kansas City. See Chioago & Great W estern....... 32
Cincinnati Hamilton & D ayton .................................................................... 41
Cleveland Cincinnati Chicago & St. L ouis................................................. 43
Cleveland L orain & W heeling...................................................................... 15
Delaware & Hudson Canal Co.’ s Lines....................................................... 4 9
D enver & R io G rande..... ............................................................ - .............. 51
D etroit & Lim a N orth ern................................
53
Dubuque & Sioux City. See Illinois Central............................................ 68
Elgin Joliet & E astern.................................................................................... 55
Erie R R .................................... ...........................................- ........................... 56
Flint & Pere M arquette................................................................................. 59
Galveston Harrisburg & San Antonio. See Southern Pacific.............. 129
G eorgia & A labam a............................................................... - ....................... 62
Grand Rapids & Indiana. See Pennsylvania R R ................................... 110
Great N orthern............................................................................................... 64
Houston & T exas Central. See Southern P acific....................................129
Illinois Central................................................................................................. 68
Kanawha & Michigan. See Toledo & Ohio Central................................135
Kansas City & Independence A ir L in e .................................................... 73
Kansas C ity & N orthern C onn ecting........................................................ 7 0
Kansas City P ittsburg & Gulf. 1................................................................... 72
Kansas City Suburban B elt.......................................................................... 73
Lake Erie & W estern....................................................................................... 75
Lake Shore & M ichigan Southern. See New Y ork Central................. 97
Lehigh V alley................................................................................................... 77
Louisville & N ashville.......................................................
79
M exican Central.............................................................................................. 83
M exican In tern ation a l.................................
85
M ichigan Central. See N ew Y ork Central............................................... 9 7
Minneapolis & St. L ou is................................................................................ 87
Missouri Kansas & T ex a s..................................
89
M obile & O hio.............................................. : .................. ............................... 91
Nashville Chattanooga & St. L ou is............................................................. 9 3
New Orleans & W e s te r n .............................................. . — ...................... 9 5
New Y ork Central & H udson R iv e r ........................................................... 9 7
New Y ork Chicago & St. Louis. See N ew Y ork Central...................... 97
New Y ork Ontario & W estern...................................................................
99
Northern P acific................................................................................. .104-105
Oregon Short L in e................................................. : .......................................108
Pennsylvania.............................................................
110
Philadelphia & Erie. See Pennsylvania R ailroad................................. 110
P ittsburg Bessem er & Lake E rie ................................................................113
Pittsburg Cincinnati Chicago & St. L ouis.............................................. ..1 1 5
Pittsburg F ort W ayne & Chicago. See Pennsylvania R a ilro a d .........110
R eading Com pany S ystem ............................................................................ 119
Rio Grande Southern. See D enver & R io Grande.................................. 51
Rio Grande W estern....................................................................................... 121
St. L ouis & San F ra n cisco.............................................................................124
Santa Fe P rescott & P hoen ix....................................................................... 127
Southern Pacific Com pany............................................................................ 129
Southern R ailw ay .....................................................- ...................................131
Toledo & Ohio Central....................................................................................135
Union P a cific.........................................................
137
Union Terminal. See Kansas City Suburban B elt................................. 73
612
IN D EX TO IMPORTANT EDITORIAL
955
163
AR1I0LES.
237
Baltimore & Oliio system bonds described.—Supplem ent . A pril, 1 8 9 6 .
186
Chicago
B
urlington
&
Quincy
bonds, etc., described.—Supplem ent
342
82 Oct., 1896; C h r o n ic le , V. 63, p. 775.
Collateral trust m ortg a g es—S upplem ent , March, 1888.
241
C onvertible b o n d s —S u pplem en t , M arch, 1893.
509
Cumulative bonds and stock.—8 u p p ., A pril, 1886; do.. Sept., 1888.
1041
Debenture bonds.—S u pplem ent , M arch, 18 93; do., A pril, 1895.
7 83
D ividends.—See explanation “ Our Supplements” ,C hron .,V. 55, p.785.
82
Dividends o f RR. com panies for seven years.—Su p p l ., Jan., 1897,
82
Drawn bonds.—S upplem ent , N ov ., 1889; do., October, IS95.
242
Features o f new railroad m ortgages.—S upplem en t , Sept., 1889.
403
Guaranties.—C h ro nicle , V. 56, p. 561, 603, 649, 695, 812; Y. 64,
528
988
- ",nfJ
244 P Incom e bonds.—S u pplem en t , September, 1890.
Physical condition o f railroads.—Ch ron ., V. 60, p. 1081; V. 61, p. 9 ,48.
23
Preferred stocks o f industrial companies.—S upplem ent , May, 1893.
270
Preferred stocks o f RR. com panies.—S u ppl ., A pril, 1897; do., A pril,
272
273 1886; do., Sept., 1888.
Railroad bonds redeem able before m aturity.—S u ppl ., N ov ., 1889.
1049
Refunding bonds—see “ Possibilities o f Saving in R efunding,” e tc.109
176 I C h ronicle , V. 64, p. 492.
759
Sinking funds and bonds subject to call.—S upplem ent , Oct., 1895.
RAILROAD COMPANIES.
(F ob
M is c e l l a n e o u s
C o m p a n ie s
see
pages
141 to
15 5 i n c l u s i v e .)
E XP L AN A T O R Y .—This S u pplem ent is expressly Intended for dee In connection with the investm ent news and annual reports published
from week to week to the GmomOLB. Frequent references are therefore m ade to the volum e and page o f the Chronicle (as, V . 64, p. 000)
where fuller Information m ay b e found. F ollow ing each statem ent also ia given a reference to the latest news item in the C hronicle regarding
the com pany. As every such Item contains a reference to the last preceding Item, the reader ean run back over the oom pany’s history
at pleasure. Annual reports are to black-faced dgures, and italics indicate a paragraph headed by the name o f som e other com pany.
Index.— Any com pany not to Its regular alphabetical order m ay be found b y means o f the index to roads leased and consolidated.
Dividends.—The dividends tabulated In the te x t are those actually p a id during the calendar years named, irrespective o f when earned.
r Act earnings" are given a fter deducting operating expenses and usually taxes, but n ot Interest, rentals o r other tired charges.
Securities.—The.*
*e are described In table at head o f page [ex cep t the slock, for lack o f space, som etim es only In te x t below ] as fo llo w s :
Kites o f Hoad.—Opposite b o n d s this means the miles o f road ow ned covered b y the m ortgage.
' or P ar Value. —Shows tin dollars unless otherwise marked), the denom inations or par value, " 100, Aso.,w signifying $100 and larger.
Bale Per C ent—The interest and dividend rate, p er annum Is here s h o w n : g., gold; o., cu r r e n c y ; x, e x tr a ; s. stock or scrip.
Whe n Pa table.—I . & j . stands for January and J u ly ; F. A A., February and A u gu st; M. <fc 8 „ March and S eptem ber; A , & O., A pril and October;
>f. i S ., M ay and N ov.; J. A IX, June ami Deo.: Q.—X , quarterly from Jan.; Q.—F., quarterly from Feb.; Q .- M., quarterly from Maroh.
Bo nth, principal when due, etc.—This colum n allows the date when the bonds mature and the am ount and date o f the last dividend.
Abhrevaiiums in table; M, for '• m ortgage; " gen. M. for " general m ortgage;" con. M. or oonsoL M. fo r ••consolidated m ortgage; ” ine. M .
fo r '‘ Income m o rtg a g e ;" g. for “ g o l d ; " o, o r our. for " c u r r e n c y ; " guar. p. & 1. fo r “ guaranteed principal and In terest;” cum . fo r
“ cu m u lative; " non-oum. fo r “ non-eum ulative; ” oouv. for “ con v ertible; " pref. for " p referred ; ” a. f. fo r “ stoking fu n d ; ” L gr. fo r “ land
g ra n t; ” r. “ registered;" o. “ coupon; “ o." “ coupon but m ay be registered as to principal; ” br, “ branch; ” end. “ en d orsed ;" " red.” redeemable;
“ d r n ” or " d r a w n ” subject to call when draw n by lo t ; “ p, m ." “ per m ile;" as’t! “ assumed,” “ x “ Principal and interest p ayaole without
iladui, t.: >n fo r any tax which the com pany m ay bo required by law to pay. •• u ” No m ore issuable. Mortgage Trustees are indicated th u s :
N r v Y ork C ity —
. Bosto n L olhsviu e—
^ PirrsB U R O •’ — Atlantic Trust.
A f j - A m erican Lean A T r a * t . '
F i’ i - Fidelity Tllle & Trust.
V I.—Colombia Pi nance ,t Tr.
Trust.
A— Central Trust.
I B - B »< « d Rate Deb. A Tr.
I*'~ IlUaol# Tru*t & -Hav Bk. FIs Fidelity Tr..% Safety Vlt. P Pt—PKtsoure Trust.
Carmen.' I,. »n A Trust.
I B — Itttemati.jfuii Trust.
U PI—Union Trust.
n i
Merchants" Loan & Tr.
Ivls—Igoul.HviUe Trust.
*•— Guaranty Trust
H B Maaaaehuhts Jean A Tr. NC-— -N'orthern Trust.
K — k!iickert>«w«,,r Trust.
N B - N ew England T ru st.
P h iladelphia —
i S t . L ouis —
JJa -Msjsb»tit«n Trust.
OH old C<>li«r Trias*.
FP Fidentr it -u f’nce Treat >1 -Mis.'salpBl Valley Tr.
M e —Jteryeaiil* Trust.
Ha l t im o r e A Sure Deposit.
HSt— St. Lout* Trust.
9 f P—MetrupoiitiiH Tr -st.
B J J » - Bait. Tr. A ftnaraaty. , CINCINNATI—•
( i f - tltraru Life Insurance I’ tSi—Union Trust.
v. r, security * Trust,
i
l
l
s
Fidelity
X
Hep,
tot.
f t : I-Central Trust A Safe
Annuity A Trust.
rt
rtsio Trust.
if Bn — Maryland Trust,
Deposit.
P i*- Pena, c- for instir. on
S an F rancisco —
I it— i nm:; t rust.
si.- Hr -MercantileTr. A I
I (,'!-■ I’ mi.ri savings Bank A
lives A Ur. Ann.
C S —CAHfnrnla Safe Deposit
I s - United States Trust.
s B s - safe imp. JtTrtt.i
Trust.
W P —Wen told Tr.AH, Dcp. A Trust.
N a h a c r lb e r a w i l t r o n b r a g r e a t f a v o r b y g i v i n g i m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d In t h e s e 'F a b le * .
r a il r o a d s ?
Bo/irf*—P rinci
INTEREST OR DIVIDENDS.
- i Mile* ; Onto ! s u e , or
pal, When Due,
F or explanation o f colum n heading*, Ac., tee note*
“
f
Par
Outoton.’
l
'lmr
HaU'
»">r
When
Where
Parable,
and
hy
’
Stoets-Siurt
above.
Read. Bond.. Value. wusatanaing
Cent.
Payable
Whom.
Dividend.
Aberdeen A West find— l *t m ortgagegold .................
Addison A Pennsylvania— \«t mart, for £330,000*4
Second m ortgage, $3Ad BOO..............
Adirondack,—1 st M .,goM , gtt ;>. .5 I. end., r . c-,vr
Alabama Ureal South'd—" B " soarew r'Englmij Co.)
Pref. “ A " share*. {.KoglDh
0%, £800*000 ...
1st M. <A m erican Ca.j gold. f
.........ft
Geo, M., A 1,160,000,red. at 1 t o June 1 ,’9* c t
Debentures, gold (English C o .) .. ................ .........
Incom e certificate* sinking fund (English C o ,),, i
Alabama Midland—Common it o o k ............................ J
Pre.f. stock, 0 p. 0*., non-cam.: no votin g power.
1st
guar. p.At. end. Sav. p. A w „ gold Y|,, M
le t M ..K orogueto U i verne, g old .. .
.. W p .x e *
«*«•*• O, Ter. A Poe. June. —Deferred “ B” shares. . , 1
Preferred "A ~ share*. 8 p, e. cumulative,.......... ...
£, d * b « i " red. a f t K o r .1,’ 10. at l iS -S e e t o W -o :
debenturew. Income, red. after 1910 at 115 v
toeome, subject to caH any time at 10 0.
Inutreat cert, {secured by tSA,103 ** 0 " d e b ,)....
Alabama A Vicksburg -S tock............... .
Vicksburg A Mur. 1st M. g o ld ,$ 1,000,000. V
n No further IwruU isstioMc
20
57
2!M>
290
290
290
175
33
143
143
1803
1883
1802
1800
1300
1890
$1,000
A 10
A 10
I $1,000
A 100
*100
Various.
*100
$100
-1 ,0 0 0
1,000
A10
Alt)
*5 0 AC,
A20 Ae,
A20 Ac.
1881
1,000
1878
1888
1888
188"
ISiW
Too
A b e r d e e n Ac W e a l E n d K W .—Aberdeen to Star, N, C., S3
'
- •' ’’ •" ■ *
< S ;;,.,,. . . . . . n „
L - , ... ..
y ea r 1*99 9*1. gros*. *31,060; net, *13,900; intore** charge-. *4,233.
A d d l a o n A P e n u a y t v a n l a H y .—Own* road Addison, New
T o r t , to O alM *, P a , 41 isiieo;
flaiawi to O aletoa, Pa , 5 m.
m<IV,® n,» “ on *" lJR 2. , »«>•;« Septem ber 30, I * 9 6 -C om m on .
* 56 8,1)0 0 ; preferred.
loan* and biils payable, *250,670.
Intereet due June 1.1895, on 2.1 inert, wo* not paid. See V. 61, p. 557.
Far
*»*!«•* for year. *19,794. In 1895-6,
g row , *■1.1,02.). net, #7.037; other Inoome, *6 ,4 3 7 ; interest on bonds,
SL>,S94; tote rent on current llabllitiee, *18,021. (V. 61, p. 4 6 0,35 7.)
A. * ‘, ' r: ‘ « d a r k H y - —Saratoga to North Creek, N. Y „ 57 m. Stock,
$ 2 ,W 0 .0 0 0 ; par. * H » . J t o w n d s carry the eudorne-l guaranty o f the
D elaware A IIu;Ison; *13)00.000 bonds reserved fo r extensions at
820.()<8 )p e r m t le o f com plete.! read. In year ending June 30, 1807.
gross, *19 9,78 8; net. *t.»7 ,8 t0 ; other Income. * 7 ,1 2 1 ; oharg. s, *5 2 ,1 4 0 ;
In 1895-96, grow , *190,244: net, *69,223. tV. flO, p U o K )
A l a b a m a G r e a t S o u t h e r n H R . —.'See Map Southern Railway.) Owns WanhatoW*. Tenn., to Meridian, Mis*., 291 m ile*; branch fines
owned, 8 m iles; leasee Woohatehle to Chattanooga, 3 mile*, and B elt
R f. o f Chattanooga, 43 m iles; tracksge to B loactoa, Ala,, 8 m ilw , and
WoofttawB, 19 niilvss; total operated, 372 miles.
ORO*irik4Ttoa.-—Controlled by Southern B y., but o-peratoii lndeiwndnntty under agreement with Cincinnati Hamilton A Dayton. See V. 0fl.
p. 26 ; V. 61, p. 375. Ala, G reat Southern Ity. CimUest awn* all o f the
• tookand debenture* o f Ala. Great Bo. Hit., aw l has issued in piaco
thereof its ow n stock anti debentures respectively fo r a like am ount.
The tw o com panies ow n Jointly *1,000.000 d a S’. O. A T ex. Pao. stock
STOCK. - O f the capital *toek o f the English Co. the Southern Railway
Co. in July, 1895. jrarolUMod * 34 3,00 0 " A " shares a.ni * 8 0 5 ,0 0 0 “ B "
Shares, t . 01. p. 26. F or righ t to dividend* see Sr;r. o f March, 1894.
DTTIPEND— > 1889.
*00.'91. *92. ’98. '94. *95. ’96.
’ 97.
'•A" shares » , 0
9 0
0
0
0
ft
0
V
” B” shares % l
0
0
18 18
O
0
0
0
0
6
B o w M .—G en era l M. Be. A 1 8 1.00 0 , w ill retire 1st * and d eb en tu re*.
L a t e st E A H ktso*
m o*., } 1 89 7 . ..G ro*e, * 2 8 7 ,6 * 7 : n e t, * 8 6 ,0 9 0
“J u ly 1 t o A n g. 3 1 .
»„ *<7«>us..vivaB,
*.'*
U
8 0 6 . ..O ros *. 2
4 7/.5 1 9 ; net, 7 1 ,8 2 7
—2
AsrirtrAL R eport ,—Rep ort for year ending June 30, 1897, w
vaaln V.
65, p 776. showing gross, *1,005,516 ; net, *8 0 2 ,9 0 $ ; other Incoinc,
*5 .5 1 1 ; interest and rental*. *28 0,13 1; (itfaer charges. $17,!>6
anee for stock, *20 9,92 3; dlvbieuds on stork o f Am erican tro! 16 p . «?»,
* 190,570. In 185)5-6, gross, *1.6 34.0 93; net. * 5 0 6 ,7 0 2 : interest on
bond*. *2o5,43,>; Income tax. etc.. * 17 .018 ; balancfl for stock, *224,339. Bee V. 64, p 325, for statement o f English Co. June 30, 1890.—
— f t . 04, p. 3 2 5 ; V. 6 5, p. 7 T 6 .I
A l a b a m a m i d l a n d H y .—Owns Bainbridge, O x , to Montgomery.
Ala., 17o m iles; branch. Sprague Junction to Luverne, 33 m iles; total
$50,000
J. & J. 8 u lt..M cr.T r.* Dep.Co. Jan., 1010
V g.
s- J. A D. New Ynrli, t'J B’ wav. Dee. 1. 1932
69,000
5
289.000
J. A I).
'9 1 ,roup.lust nuld. Dec. 1, 1932
1
1,000,000
4'sir- M. A 8. N.V .O f.,2 1C ortlundtSt Mar. 1, 1942
AlABtXOOO
j .1 ... !
London,
Deo., 1892
A 070,070
do
" e ' ' aaml-an,
Juno, '97, 3 %
*1,750,000
g g. J. A J.;N .Y.,Fann.I..A Tr.A B oa Jan. 1, 1908
*52 6,00 0
5 g. J. A I> Lontloii.Olyn,MiHsAt'o. Deo. 1. 1927
A 131.000
0 g. F A A 15
do
do
Aug. 15,1908
x.v;s "
-------do
do
4
By sink’s fund
$2,0*25,000 Plant In, vest. Co . own* *2.425,000 o f til Is-]
1.600,000 jfStknt Ini vest. Co Uow n* $ 1,200,000 o f tb is.
n 2,800,000
5 g. M, A N. N .Y .,M efp«U tan Tr.Co. Nov. 1, 1928
500.000
6 g. J. A D.
Dee. 1, 1929
*2,500,000
*1,500,000
A 7 13.850
5 g. M. A N.
N o v .l,1910-40
Bee remarks.
*1,0 18,3 00
5 g. M. A S .
N o v .l,1910-40
See remark*.
*810,652
5 g. A. A O.
Nov. I, 1940
See remark*.
A 23,484
*700,000
Sept 1, ’ 96,3%
....
New Orloan*, Ortloo.
n 1,000,000
K. A. A O. N. V., Central Trust Co. Apr. 1, 1921
owned, 208 miles. Operates A bbeville Southern, A bbeville Ju nction
to Abbovlil*'. 27 m iles; oornpietod N ov., 1893. Interest on the 1st
m olt, due 1928 has neen reduced from 6 to 5 p. o. and bonds stam ped
prinoipnl and Interest guaranteed In gold by the Sav. Florida A West.
No arrangement was made with the branch Hoc bunds, m ostly hold
by the Plant Investm ent Co., which control* the A labam a M idland
stock- Current accounts payable June 3 0 .1181)6 , *1,471,115.
E a k s ix o a - 2 m onths, ) 1897............ Gross, *104,192; net, *15,708
Ju ly 1 to Aug. 31.
\ 1896............. Gross,
91,771; net,
352
For year ending June 30, 1897. gross, #071,486; not. *111,650. In
1895-96, gross, *624,182; net. *91,729. In 1894-95, gross, * 53 5,39 3;
net, *24,571.
A la b a m a N e w O r le a n s T e x a s Ac P a c ific J u n c t io n H a ll
w a y s C o . ( L i m i t e d . ) —This Is an English com pany controlling Alahsmia A Vicksburg, 143 m iles; Vicksburg Shreveport & Paclllo, 189
m iles; New Orleans Ac North Eastern, 190 miles.
SBCtmrriRS OWNED.—Ala. A Vicksburg *30,000 1st m ort., *397,700
2d m o rt incom es and *387,700 stock; Vloksb. Shreveport ,fe Paoitlc, $3,092,000 1st m ortgage. *1,364,000 3d m ortgage, *194,860 4 p. o, in
comes and *1,504.000 stock ; New Orleans A North E a st..94.900,000
1st mort. and *4,320,000 s to ck ; Cincinnati So., *532,000 s t o c k ; over
due coupons. N. 0 . <fe N. E. and V. S. At Pao. Deo. 31, 1896, *92 3,11 7.
Coupons P aid —
For 1891. 1892. 1893. 1804. 1895.
1896.
" B " D ebentures.. P .r , 2%
2%
0
-875
1 2 i2 F eb.’97
"A ”
do
..
AU ooupons p aid to May, 1897, Inclusive.
E a axtsOA—See separate statem ent tor each o f the controlled com
panies. R ep ort o f the Ju nction Rys. Oo. for vear ending Deo. 3 1 ,
1896, was in V. 64, p, 325, showing not receipts from investment-, wore
A69,571: paid general expenses {A 3,590),Incom e tax (£ 1 ,428), interest
on " A " debentures, (*3 6,19 4), on “ B’ ’ debentures (paid Feb, 8. 1897),
* 2 5 ,3 3 6 ; balance *2,0 85. V . 64, p. 325.
A l a b a m a Ac V i c k s b u r g R y . ~ Owns Vicksburg to Meridian. Mias,
and branch, 143 miles, all stool rails. Controlled by Alabama N ow
Orleans Texas A Pool (to Junction Co.—which see. Reorganisation o f
the Vicksburg A vferkllau foreclosed Feb. 1 ,188!) (see V .4 S, p. 190).
Div id e n d s ,—N ov., 1890, to N ov., 1892, 3 p. o. yrly; 1896, S e p t, 3 p. c.
Bonos .—The new seconds were incom e till April 1 ,1 8 9 4 ,and are a
tlrst lien on the lands—92,069 acres. Of the *1,800,000 eonsoLs author
ised, *1.000,000 are with trustee to retire V. A 51. tlrnts. Right to call
Vicks. A- Meridian a — ojlln g bonds expired April 1,1897.
E arvinos . —F is.-al year ends June 30. R eport f o r 1896-7 was in V ,
65. p. 017.
Tears—
Gross.
,V«f.
Interest, etc. Bui. sur. Dividend •
1896-97... *637,628
*186,393
$125,412
*60,981
$21,000
1895 06. . r,75,072
160,958
125,811
35,147
.........
1891-95... 555,677
130,210
124,200
5,950
.........
- ( V . 5 9 . p. 7 3 6 ; V, 81, p. 5 1 4 ; V. 63, p. 5 5 5 , 6 5 0 ; V. 05, p. 0 1 7 .)
<x
EBTORS’
<
SU PPLEM EN T.
[V ol . l x v -
OCTOBEB, 1897.J
RAILROAD
STOCKS AND
RAILROADS.
Miles Date Size, or
A m ount
F o r explanation o f ootnmn heading*, Ac., see notes
of
of
Par
on flrst page o f tables.
Road. Bonds Value. I
BONDS.
9
Bonds—Prinoi
INTEREST OR DIVIDENDS.
pal,Wlien Du©.
When Where P ayable and by Stocks—Last
-Payable
Whom.
Dividend.
Alabama A Yieksburg—t Concluded)—
Ala. A Vicks, con sol.1st M., ($1 ,800.000) gold.C
143 1889 $100 Ac.
A. & 0 . 1ST, Y ., Central Trust Co. Apr. 1, 1921
2d M., orlg. 8700,000, Inc. tUI Apr., 1894, g.C.e 143 1889 100 Ac.
? I : A. <fc O.
do
do
A pr. 1, 1921
A lbany A Northern -S t o c k ..........................................
;
100
1st m ortgage...............................................................c
1,000
1>9*6
!
5
J. & J.
Jam 1, 1946
Albany A Stuq.—Stock, divi’da guar, by D. A H. (end).
100
7 In 1897 J. A J. N.Y.,Del'.AHud.Can.Co. July, '97, 3Ja
Oon, 51. (guar. p. ,t 1. by D. A H. e n d .).F ....... e’ * r
142 1876
1,000
1 6 g. A 7 A. & O.
do
do
Apr. 1, 1906
A lbany A Vermont—S tock.............................................
12
100
3
M. A N.
T roy, N. X.
N ov., ’97, 112%
i 'C
I
t
1890
1,000
5 «■ F. * A.
In default.
In
Instaiim'ta.
Allegheny Galley—Common stock fo r *12,000,000..
259 |
50
Preferred stock fo r $18,000,000, 3 p er cent cum
259
50
1st M., low grade,East'n E xt., guar. Penn. R R . .c 259 1870
$ A a
6 g. or 7 A. & 0 . Phil., Pa. RR. Co. ALon, April i , 1910
M ort to State Pa., $100,000 due Jan. 1. yearly, r 259 1870 100,000
1.300.000
5
J. & J.
Pittsburg, Pa.
1,*98, etc.
Gen. M. ,$20,000,000)
guar. p .A I. F P I x s * * t 259 1892
1,000
5.491.000
4 g. M. & 8. Phllatlelplil a.Pa. RR.Oo Jan.
Moll. 1, 1942
Allentown ICR. (leased to i'liiia. & Reading By.) .
50
1,268.885 inol. f l , 071,400 under ReadlngCo.m ort, of 1396.
Allentown term 'l—1st M „ guar. p.&l. (on<L)g.C.. i c
1889
1,000
>1450,000
4 g. J. & J. New York ,.nd Plilla. July 1, 1919
A n n A rbor Railmart—Comm on sto ck ........ ..............
100
3.250.000
Preferred stock ($4,000,000), 5 p .c ., non cu m ...
100
4,000,000
1st m ortgage,$7,000,000, g o ld ............ . . . I t p x.o*
V92 1895
1,000 n 7.000.000
4 g.
Q .- J . N.Y., M etropol, T r. Co July 1, 1995
Annapolis Washington A Haiti more. ~ S tock............ 20 hi
100
358.000 See tex t J. A J.
Baltimore.
J ’ly i , ’9 7 ,i% %
A rk. ilid l'd —1st XL ($6,000 p, m.)g.,redtot HO.C e*
74
1891
1,000
133.000
J. A J. N .Y .,H .T allm adge*C o. July 1, ,1911
f
*•
Ashstrllle A Bpartan.—S.U .ACoLlst M .g.gu.(text) C ,
1.000 u l , 000,000
J.
A
3.
N.Y.,
J.
P. -Morgan A C o. Jan., 1995
A shland Coal A Iron Hallway.—1st m ortg a ge___
244.000
I s - V. A A.
Aug. 1, 1900
Atchison Col, A Pacific—Ut- M.<$16,000 p. m. , *n. .o ' 254 i 1879
1,000
4,0703X10
6
A u g .,’ 93, coup. lastp d . -May 1, 1906
*3A 1 1879
Atchison Jeseell Co, A Wert.—1 s tM -,guar.C. B .iJ.P .c
1,000
542.000
6
A u g .,'93. coup, last pd. Slay 1, 1905
A tc h i s o n T op ek a A S an ta JS'e 11y . - Stock. c o m ., 6,135 I
100 102,000,000
Stock, preferred, 5 p. a.. uoa-cum tiU tlve....... .
100 119.037.300
5
Chic. * St. Louts 1st M. ($10,000 p. m.) c u r.f f . .«
HI
1885
1,000 u l , 500.000 1
0 0. M. A S. N. Y „ 59 Cedar Street. Meh. 1, 1915
1341Y&
n No further bonds issuable.
e Currency.
__ _____________________^
I
A l b a n y * N a r t h e r B R i l l « « r , - 0 » i l. toad from Cordole to
96. '97.
A lbany, Ga., 35 miles.
Form erly A lbany Florid • * Northern By.
4M
3
Earning* fo r year ending J u a e 3 0 , 4896, gross, $3 2,90 3; net. $ 831.
net. $17.A l b a n y A X i!M | tiettan n a It I I r$ee Map Delaware A Unitton
R o a d .—O i u Albany, to B l a r t o a M , N. Y „ 142 miles.
... - . -■ P residen tr(.iS i)A ’,
Duaaretmrg Junction, Jf. Y., to Schenectady, 14 m ! l » ; robirekili
(V, 64, p. 1223; V, 65, p. 410,)
N. Y., to Cherry Valley, 2 ! miles; Lackawanna\ Susquehanna RR. 22
mum$
w e n riU e Id C m m f 10 mUmt total aptsmteks 209 iiiIIm .
f t J W v " i M W k l T r AVk.m2.I m S ;
^
L » a* kd tor 150 years from February. 1870. to Delaware A Hudson d . . l
Canai Co., which Deo. 3 1 ,1 8 9 8 . ow ned $430,000 stock. Lessee gtiaran**•» per<*at tier annum tm rtoek tlU lb * Albany C ity loan tor *4,000.- G ,*I1 1 T ! i ) '’-c® 2 l ':'<7Mi t,i u ‘ ’n1'5'' K
111 case the entito% 6 miles
000 is paid by sin k , m fund, thereafter 0 per cent. (See wording o f IV laid w it., ae-piumd stool m il-. Capital stock, $1,625,000 (par $100.)
SUMwnty In t . 56, p. 774.) The last instalment o f the A lbany City
) 1fib
\ a Jf>
t l.....................
J.U - l to A»iig, -it. 4
5 8 , §*•>**.
2 9« M
4 »: I d
d ee f„
f . $4,095
1 12ft
loa n was pent May i, 1897, but tin sinking fund fell $298,878 short o f
m eeting the principal, This am ount b » » been borrow ed, payable in I In y w 1Sim. r m < ., $96,476; not, $16,022. in 1895, net, $37,8841
s«ai annual in stalin eou up to May i, 1902, Slid wilt be met fr o m 1 n w .-'r o lM 'S A S p a r t a n b u r g H y .- f S e e if,,,, o r Southern R y.)m ow $7(1000 yearly) before dividends are Increased,
li
Spartanburg June., 8. C „ to Asheville JunoHon, N. 0 ., 66
Additions charged to lessors, an d co st made part o f Investment.
A. - m to hpart.li: > ir....... v
r .,.
, 1(8 nillcH
111.' Southern By. ow ns $1,0*7,900 o f the $1,030,000* (to o k and
tonsoUdatod m ortgage Is fo r *10.000,000, o f which
$3,000,000 w e 7 p er cento, onrreney; the principal o f the 6* 1* also
hlott oov eren tlre property (V 63 p
payable In "la w fu l m oney” , but the interest In g old.
ZZl
18? V 00 Ktnss, $372,881: not, $109..49™ in terek mFd
tmxe.4, >
.
rut«* per t«u per m ile. 8 e e a k - ( V . 6 , p, ?6o.)
A x w bai , B s r o itr .—Earning* fo r year* ending June 3 0 ;
. „„ _
__ Dross.
Set.
Char. A tares.
Kv
* 1T * “ J .-d -d tln m l to Straight Creek JunoHon,
B ( il.,S u r .
......................... $3,924,524 $1,031,131 $1,102,014
i >: 5 17
1393-8........................ 4,212,762
1 .1 M ,« M
4,085,649
703,014
—(V. 62, p. 318. 907; V, 63. p. 3 5 $ , $7 ».)
roll1
**it.—owns road from Albany to Watert t o b U o t t C o l o r a d o A P w cltte l i l t . —Owns Waterville. Kan to
JbitOwOn, N ' " L. -olio*. Leaved to (to o iw la r r A .Saratoga in
1460 and now operated by f). A H. (hunt! Co
Vntiuol rwotai, 820,000. isem ra K.tn., I9.t m iles; U r-onloaf, Kan., to WfUthlnirton, Kan" 7
miles, I).re :;-. Kaa.. to A lton. Kan.. 24 m iles; Yuma. Kan,, to 4'arw iok
* K l n x a a 14I t , -B r a d fo r d to Coffee Ban, Pa-, 14
miles; G ilbert, Pa., to R ed House. Jf. Y.. 21 otilos ; i.ranohtM. 7 inliftt Kan 31 miles ; total, 255 miles. An extension o f t he. Central Branch
Receiver i* 1- h , Kruse, Glean, N. Y. Foreclosure decision ha- b.'Cli rei n",,! n fli!ra i-5'-, which leased it in 1879 for 25 years, and guaranteed
o n O jw a to d b r jf t ) . f a d
STOCK, $1,522,400 (nhr $100), of
obtained hut sate is not expected before fail o f 18 P 7 .- ( v. « 4, ,7. o o i.) Uhl
which l, P owns $920,300. Interest Nov. 1, 1893. unpaid. Earrtines
A l l e g h e a y V a lle y H a l l w a y . —Own* from P ittsburg to Oil City. include
J. c . .1- W. Current UabUltk'i I>eo. 3 1 ,1896, $797,355. '
Pa., 132 ndiea; Rod Rank, F a . to Drift wood. U O m ; others, 17 mi!-*.
f *iu ,(rrrg): —A. < A 1' .uid A. J. C. A \v. bondholders' com m ittee
B rook title, R y,, 13 m iles, is controlled—see V. 64, p, 1179.
eonmsis o f T. Jeffenum Coolldge, Jr., Chairman; Oliver Ames, Edward
, . 0 * ' A’ !/- ' r t‘ Ut. A c .—Roorganiration March l , 1892, o f the Allegheny
S
^ m u ’’ ,,A " Ja,o o U ‘ "1ueroy. with T. K. Cuuunlna. Jr., Secretory,
V alley S atfrood, sold In foreckwmre I)ee. 15,1891, P l a o o f reorvahlca- itoom
3 ,. A m es.Building, Boston; depositaries, o ld Colony Trust Co
tiOO. ate., was in V, 33, p. 324, 3tJS. 5 2 0 ; V. 54, p, t ifj. 524. Row! eon- li i'reiV, ‘
Trust Co., N. Y. A m ajority o f bonds o f each r o a i
1 1 1 111® Pennsylvania RR. Co. as m ajority stockholder, ow ning has tic 5 deposited. \ . {, 1, p. 5|6, 663. Foreclosure ia progress.
$9,833,800 com m on and $10,906,106 preferred stock.
®
E arhwos .—289 miles,
) 1997........ Gross, $317,397; net. $47 708
S o g D A -T h e general mortgage for $20,000,000 four per cent bonds
Jan. 1 to Aug. 31, 9 m o s ., 1890 ....... Gross, 202.40 » ; def., 28,'179
has nrtuetpai and Interest oneondlttonaily guaranteed by the Penn-yiJ® y&ar
gr<»*«», $3 35 ,0 8 7 ; def. under oppratinir $21 373 in
t o * « * • hr endareem enton each bend. Of these bonds $12,202,< »o ISft.i, gTose, $270,703; def. under operating, $13, 7SL V .% 4,p. 510,'863.
(being too principal and 8 per rent additional o f the prior ileus not
A t e h U o n J e w e l l C o u n t ) A U e . i e r n U K __ Jamestown, Kan
i$1,690,000 were
w T j r 'i ? T d
rlr tho p r,o r u * a * » * * " « r m ata re, and “ a ^ T ?w e '.K*f()'n*SiS‘
(P<ir $100), o f which Union
held for the future
purposes: o f the com pany.
Pacific ow ns $105,000. Interest d oe Nov. 1, 1893, was u ot naid
EARXtVfls,—.4 months, > 1 8 9 7 ........Oroas, $ 1 ,3 8 7 ,190-, net, $622,624 S»e Atchison Colorado & P aclllc. -V. 64, p, 516, 663.
I U'
Jan. 1 to Aug. 31.
f 1890........ tiro s., 1.508,734; net. 336,315
( T i l e ) A t c h i s o n T o p e k a <R *>anta F e K a tIv ra F ,-* f$ s e Jfrcai—
AggBAX. RKW .KT.~ror year ending Dec. 31,1.806, report was In V- 5 * r n i ,-u” ?
an,f "pw u tod in July, 1897, oomprisaff 6.985 rnUes
0 4 , P -1 1 -8 , showing: O res., $2,341,612; not.. $832.50*; Interest, taxes, o f railroad, and embraced an unbroken line o f track from Chicago,
etc,, *1,030.897; balance. licilcH. $ 2 l « ,3 - R In 1895, g r o -• $2 56! * 111" via K in-a* City, Mo , and Albuoaernue, jf. M „ to California and
0 8 2 ; net. *999,488. tV .6 2 . p 7 7 6 .7 7 7 , V. 64. p 1178™
* ’
f
o f ;-!e3»7 miles, to walveston, T ev.,
tft,- fttilf o f M exico, flit* milenge o f leadiiig divisions bein g;
A lle n t o w n B R . - 'T o p t o n t o K n t x t o w n .m .,B e a d ln g e y s t e m
A l l e n t o w n T e r m i n a l U K . —O w n s31# m ile * o f railroad In Alien- Chicago t). K a n -1. 1 !fy. Mo.. 458 : La Junta to San Diego, C a l..1,818
.innta, OoL.. 573 ? Wleliila, Kan.,
Oalv^stou
905
® ,re",h ,c o l? " T H” .1; the, KaA£ Pennsylvania (PhUadelphia A Reading) Kan v it )
wtto she Central o f .New Jersey. losased for 999 year* to Pbiladelpiiia A La Junta, C ol.,to D.-nver.CoI. 130 i Albuiiixen|iie,N.M„t<> ElPuao
Reading and Central o f Ji*w Jersey (by assignment from ls;h<gh Coal A
On-; vsi/ . vtjok,—-This com pany was organized on Dee. 12, 1895
t8>;» aI interest on bonds and 5 p. c. on $450,000 sio«'k (par under the general law - o f Kansas, b y the purchasers at foreclosure
$SO), b on d , being gtunuttoed, principal and Interest, by Philadelphia * sale o f the property and franchi-e* o f the Atchison T. * Santa Fe RR
Reading (foreetosoilj and Lehigh Coal A Navigation. The Plilla A C bjinai-eor.,.in... V. II, a T'-'-ecuiiiration p l a n , (V. 6 0 , p. 6 S 8 .)
Reading Ry. Co. In 189b assumed the Reading s »ijnrtt o f the old lease. , T r T«>t'vay com pany hold.* the title to the railroad ’from Atchison
A n n A r b .,r M I I .W S k R a p ./ -Ro ad .—O wn* road from T oledo. Q „ on the Missouri R iver to the western boundary o f Kansas, 471 miles
northwesterly to Frankfort, on la k e M lebU an.292 miles; operates car and also all, or nearly all, the bonds and stock o f the various com panies
,e % ! lo-tween Frankfort, Mich-. Kewaunee and M alntowoc, Wts., n which the title to the other lines ia vested. A list o f s u T K l n g s
and Menominee and O lM bhM e Mich. The Flint A P er- Marquette ia In the general m ortgage (In V. 62, p. 732, 733), the bonds owned
aggregating over $168,000,000 and the stock , o ver $100,000,000 at
and Cincinnati Jackson A Mackinaw u«e the Toledo terminals. 1
vihUand B v ’ ia» D k W i? r,tbl! Atlantic A Paoiflo RR., the Colorado*
OnOAStoAftox -B ueeeesor N or. l 1995, to Tol. Ann A rbor A Nor. Midland
By. and the St. Louis & San Francisco Ry.
Mu ll,, sold in foreclosure la 1893 and reorganized find, r the QitlnMirdIll April, 1896, alt Interest in the St. Louts A Sail Francisco was sold,
p- 782- lhe ’ ■*cftna,lt‘
* S K that coin pony being thereupon reorganized independently.
lit March, 1 8 9 ,, the Western Division o f the Atlantic k Pacific, 564
is->?n>-.- T h e first mortgage (trustee, .Metropolitan T ru st d o ., ST. Yd miles, was n « iM r e d -s e e V. (14. p. U 8 0 ; also the M ojave Division o f
covers entire property. Including term inal- and freight im an.
Southern 1 aeiffe, 242 miles (in exchange for the New M exico A Arizona
? a3J s ” ? » rft B f'-i-p o m l f - - s e e V. 04. p. 009), nnd the Texas Lou.
e i ’i 's o a o ,e,r ,
1d. d u g . 31, - month*, in 1897. gross, $834,814;
n ^ i5 s % o n
D» . ] n 18H?
fT ,H ' 1H7' f iscal year ends June 30. k b , . 30 tulles, V. 04, p. 40.8, 518. See General Finances below.
HTfwK.-Thn preferred -took has preference as to dividends and
asset-, and entitles tins holder* to non cum ulative dividends after
DrascTOBs -P residen t. W. K. Bnrt: O. W. QninUinl .1 Edward aim- .roue 30 ,189 6, n ot exceedin g 5 per cent p er annum, as declared by the
mens. F rankllri f , Lor->. R. C Jf ariin, II. W. Ashley, John Jaeoi. A stor board o f d irector- out o f net profits. No other m ortgage and no
increase In the preferred stock can he m ade w ithout the consent o f a
P. E n m l r c ^ a r e ? '
C McCl“ re' A - W- Wrt^ t . A m o. malnrjty o f all the preferred -took anil o f all comm on -took repreS
S a a l o i “ w eetine. The total authorized amount o f preferred stock is
A n n u p o H s W a s h i n g t o n A H s lM m a r e K i l . . Owns road from $131,486,000.
o f which $20,000,000 reserved. To acquire A & p
ffiffh s M
Annapolis Junction. 20% miles. Control o f the Balt Western Division, $9,200,000 o f this $20,000,000 preferred stock was
■$£. A an. Short Line, AnoapoMs to Baltimore, 2*< mllo* w a- piirchasoil
i»*u-d in March, 1897. Preferred stock certificates w ere described in
in June, 1887,1 by A. w . I li. stoekhoklera. IV. 64, p. 1223d
Sui-1-i.f Mi.sr Of April, 1.897, page 3.
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STOCKS AND
11
BONDS.
Subscriber* w ill c o n fe r a grea t fa v o r by g iv in g Im m edia te n o tic e o f a n r e r ro r d is co v e re d In these T a b les,
__________________ M I L B O A D a ---------------------------
For explanation o l colum n headings, etc., see notes
on first page o f tables.
Bond#—Priaei
INTEREST OR DIVIDENDS.
pal, When Due.
S*PaV°r
A m ount
Rate per When Where Payable, and by Stocks—East
ol
of
Cent, Payable
Road, Bonds Value. Outstanding
Whom.
Dividend.
Mflea DM e
A kh. Topeka A Santa F t Itaihemj—t Concluded)—
Guar, fund notes, ext., red. at 100, gold, H i t
< 471 I 1888
Old bonds not assenting to reorg. o f 1 8 » 9 .. . c 'i r
Genera! mortgage o f 1895, securing—
Prior UenLds.. $17,000,000, red. at 1 0 3 .r g .c v t r
1895
General m ortgage, gold, see t e x t ,............... ever 6,9-1 1S95
Adjust. iuc., uoh-cum, till July 1,1900, g „ C x .c 'i r 6,021 1S95
E q u ip .T r „ Scr. A .,g .,$ 2 50,0 00dr. y’ly at p a r ...c
1892
Atlantic A Pacific KB.—
1895
Receivers’ notes June 3 0 ,1 8 9 6 ...............................
1st guar, trust M., $20,000,000, g o ld ,........ .ric-cv
692 1887
West, B iv. 2d M. guar.,g. (9. f. drawn at 10t» 31 m ’ 560 1887
Inc. bonds, non-cam., W. B. '$ 1 8 ,7 5 0 p. m .)..o*A r ----- 1880
Central Dlv., 1st land grant m ore, cum ulative..ic
....
1871
Incom e bond*, non-cam . ($18,750 p. m.) A B .c ’ l —
1882
Atlanta A Charlotte—6 took (see te x t!..........................
269
P ref. M. (old 7* ext. in 1897), see V. 81, p. 2S6.C' 265% 1877
1st M. {voting power, 10 vote* fo r each bond] cur, r 265% 1877
Incom e bonds (n otcum ulative)......................................... 1880
Atlanta K n o tt. A North'n J iy .-S w e k $3,000,000
1896
1st mortgage, $1,500,000. gold,
2d M „ in e„ $1,500,000 (trust. K.Kst. Tr. C0 ..N.Y.)
Atlanta A 1Vest Point—S tock.........................................
86
Bebenture certificates...........................................................
1881
1889
Atlantic Citu—tm U „ $2,200,000, gold .......C F J W ’
83
Atlantic Coast li n e C o - S to ck ,$30,000,000...... ...............
Cert -. o f indebtednre», $6,000,000, lot. It.-anted, r . . . . 1897
Atlantic A DanrUte—Com m on stock, $2,300,000..
----Preferred sto ck .$3,200,000. non-com .. 5 P- c t .. .
....
1st M., $ 1,500,000. gold, redeem able, n « < ------xe 278 1895
....
Atlantic A So. ttnreiHna—Stock, $1,800,000........ .
....
1887
1st 51., $325.000..................................... .....T T Ie llu
....
nn
$5,000 1 $8,605,000
6 g. M. & N. New Y ork. 59 Cedar St, Nov. 1, 1898
......... :
693,250 Various.
Various.
1.000A c
Rone.
500 AC. 110,420,500
500 Ac. 51,728,000
500 Ac., 1,250,000
1,000
1,000
50 AO.
500 Ac.
1.000 I
100
1.000
1,000 ,
500 I
1,000
1,000
100
1,000
1,000
100
1,000
i
100
, 1.000
Bo.vo*.—The new General M ortgage ( A b s t r a c t V. 62, p. 731-739) Is
m ade to the Union T rust Co. o f N ew York a* trustee, and give* a Hen,
e ith er b y direct mortgage or by collateral trust, o n the entire system
o f 6,ASS mile* o f railroad, to ge th e r trith a ll the equipm ent and t e r
m inals owned by the com pany, and future acquisition*, su bject on ly
to the $0,000,000 o f guarantee fund note* secured by m ortgage on
th e Has from A tchison to the western boundary .«t Kan***, and subloot to lion* on certain equipment for about $1,500,000. to $1,500,000
o f Chicago As « . lamia UR. Co. bond* (see-ored by lien o n about 00
miles IB QUboUo , and the rem aining outstanding bond* o f certain co n
trolled companies. am ounting la the aggregate to a b o u t $096,550.
The total amount of bond* seourefl by the General Mortgage can
never la the aggregate exceed $ 165:,€00.500, Including both the Gen
eral Mortgage bonds and the $17,000,000 Prior Elea bond*, ol which
the latter are merely a precautionary expedient No Prior 1.1 boom
will be issued at present, and none later unle-s circumstances require.
The .**18,500,000 general rnort. bond* additional to the $fW,»»Oj)0O
lmued in the reorganiiatton, have been, or may be. Issued a* follows:
а. To retire guarantee fund Botes and car trust* at not
exceeding $ 1,250 for each $ 1,'KHf nf old bond* ....... 15,500,00(1
б. N on-as-antlng bond* from rcorganlxatlon o f 1889
4 g. A. &
f e- A. &
* «• Nov.
5 g. J. A
O. New Y ork, 59 Cedar St.
O.
do
do
1 P aid 3 p.c, Nov. 1,1 897
J New York and London.
Oct. 1, 1925
Oet. 1, 1995
July 1, 1995
J a n .l’ 98-1902
A J. Ju ly ’ 93 coup, lastpald.
A 8.
In default.
A O.
Mat,
A D.
A 8. N,Y.Ceat.Tr.Co.,54Wal]
A O.
do
do
A J.
do
do
A O.
do
do
Jan. 1, 1937
Sept. 1, 1907
Oot, 1, 1910
Nov. 1, 1901
June 1. 1922
Sept. 6 ,’97 ,3%
Jan. 1, 1907
Jan. 1, 1907
Anr. 1, 1900
J . & D N.Y., Man. Co.,-10 AVall.
1.500.000
Yen' York, If earned.
1.232.200 6 In '97‘ J. A J.
Atlanta, Ga.
1.232.200
6
J. A J,
do
do
2.200.000
5 g. M. A N. Phila., Read. Ter. Bldg.
5.000.
000
3 i n '96 M. A S.
Baltimore.
5.000.
000 5 c. J. & D. 1st dlv, due D ec., 1897
2,180,000
3.099.200
T ext.
N orfolk. Va.
Text.
5 g. J. A J N .Y.,M er.Tr.,ALoudon.
1,238,000
1,797.500 2 in ’ 97
325.000
0
,J. A J.'B alt-.N l.F’ nn'ra'A P.B k
Dec. 1, 1916
1946
July, ’ 97 ,3%
Co's option.
May 1, 1919
Sep. 10,’97,2%
Irredeem able.
909,788
See text.
See text.
12,000,000
796,029
539.000
1.700.000
500.000
4.250.000
750.000
1,060,006
* 8- J,
M.
A.
6
At
6
J.
6 i n ’97. M.
4
A.
7 c. J.
j A.
6
I8'
I®'
sept,' 1 ,9 7 ,1%
Jan. i. 1950
Oct.15,’ 97,1%
July 1, 1917
Miles.
tiroes.
Gross p. m.
Int. charges. C hgs.p.m .
0,935
$33,633,640
$1,880
$5,024,805
$724
OvriCKiw.—A ld a w F. W alker. Chairman o f the B oard ; E. P. R ipley,
President; Paul M orton, Third Vice-President; V ictor Morawet.s:, Gen
eral C oun sel; E. W ilder, Secretary and Treasurer.
DiBKCTOK*.-E d w a r d J. Bn! wind, K. Somers Hayes, Benjamin P.
Cheney, Cyrus K. H ollldar. II. Hlctnan Duval, V ictor Mnrawetz,
Thomas P. Fow ler, George A. Nickerson, Edward N. Gibbs, Thom as A.
j Osborn, CbArk-s *, Uieed. Edward P. R ipley, George G. Haven, W illiam
; R otch, A lda ce F. Walker.
O v ricu .—8 # c e d a r Street. New York. (V. 64, j). 516, 609, 063, 887
9 5 0 ,1 1 8 6 , 1180; V . 05, p, 162, 494, 5 1 0 , 5 1 7 .)
A t l a n t i c A P a c i f i c H I * ,— R o a d —Western division from Uleta
N. M., near Altmqaerque, to Big C olorado R iver 504 m iles (purchased
by A tchison Iti March. 1*97,; and Central D ivision, from Bimoea, Mo.,
to Sapulpn, lnd. T er., 112 miles.
Western .Ditrmvm.—In January, 1897, the 810,000,000 W estern Dtvi
d on 1st «* , purchased by the Bang* Committee were sold to the
A lchisoo, the holder o f each $1,000 guarantee trust 4 per cen t bond
....................
1,'ck >.(><><i deposited receiving $114 95 In Atchison cenerai m ortgage 4s nnd
i ik .
■ ....
e, C hicago ,% St. Louis l» t m ortgage t i n ................. .........
1,500,000 $ H 9 50 In A tchison preferred s t o c k The Western Division m ortgage
. was foreclosed Mm
1H07, nnd the rood reorganised by the A tchison
For tmpror’t#, terminal#, second track, ©qalp’t. ©to,,under
■
m the SMKo Fe Pnelfic H R -s e e V- 64, p, 9*7; V . 68, p. 517.
carefttllv guarded restrictions at not exceeding $3,000,000 yearly, o f which not over $750,000 for extension*
30.000,000
« estitc ttirision -In Ju ly. 1897, the $2,794,000 Central DlvFor acquisition of Atlantia A Pacific and other lines . . . . . . 20,000,000 ! Gtott t o l tnortgngo 6* on the 112 miles to Sapnlpn purcUuaod by
(Of these last, $8,400,000 were burned In March, 1807, for Western lh » Bang* Commute® were sold to the » t . Loul* <» San Fronotson for
; $300,000 In Cash and $1,300,000 o f 5 p. c At. E. A
F. gold bonds IsBiv. of A. A P„ as port of purchase money.)
on t-lioCcMTal Division. The old Centra! D ivision is being loreThe prior lien hamii are to be Issued only In lieu of general mortgage ! Mied
cioced .—Bcc V. 05, p. 150.
bonds, and In case Of the Issue ol prior Hen bond*, $1,250 of the general
Inrame Bunds. Western Inr. .1. S, IS eln i, 11. W. Dodd, W. J. Quinlan,
mortgage bond* must lie reecrvcri for the redemption'of eadi $t,000oc
prior lien bonds. Also, of the $17,000,000 uutimrUwi, $12,000,000 ; Jr., Edwin RSiwtein and N. W. Jordan iiletMisIturlCs, Sfatihtttbin Trust
N,
Y .. and A m erican
A T. Co., Boston, rej)re«cnting a h i^ o r ity o f
can only be Issued to replace a like amount of existing prior securities;
and 85,000,000 are reserved for improvement*, and are to bo used only i incom es held by the public, brought -nit in May, 1897, to establish the
rights
o
f
these
Incomes
i V. 64, p. 32.8,516, 950.)
In cose gcueral mortgage bond* cannot be sold for $0 per cent, and In
L axd Gas.st . -O n the Western Division were earned 20.295,296
no event after year 10(A).
Tile Adjustment Mortgage ( Distract V, 62, p. 73»> t* to the Central |acre* o f land. 5,333,505 o f which were sold to June 30, 1895,
Trust Co. a* trustee, fnscrrwt I* payable only oot of net earning* ! leaving 14,961,79:1 acre*undisposed of. in 1 *9 5 -0 land grasit.expenses
for the fiscal year ending June 30 and the rate I* to lie and Saxes exceeded receipts by $807, (V. 05, p. 6 8 , 150, 517.)
determined on or before October 13 In each year; Interest
Is non-ormulatlve till July 1, 1900, and cumulative thereafter.
Present Issue i* limited to $51,728,000, tort when the $30,000,000 gen
eral 4» authorized for Improvement* as above have been Issued (I.
not before Jona 30, UK>5>, $2 0 ,0 0 0 ,0 0 0 addition*! adjustment 4» may
be Issued for the same purpose* at not exoredlag$2,000,000 in any one
year, bat only by a majority vide of the adjustment bondholders. Intercet—In Nov., 1807, pals 3 p. o, (V. 05, p. *62.)
Gexkbai.
March, 1807, pwrehsncd the Atlantlo A
M t f e , Western division , 560 tulles, the Atohl-on tssulng therefor
$8,400,000 general M W M t 4* and *9,200,000 o f preferred stock
and $530,000 in ca sh : A tchison also assume* the net floating debt o f
A . A P. receiver* at about $700,000. For renewal* and repair* of A.
At P. general 4* for $3,000,000 w ere issued hi June, 1897. (V. 64. p.
609, 1.136; V, 83. p. 3IS,) See statement a* to condition ..f property
in V. 04. p. 40
L attst ESKXW OA- 2 ! 1 8 9 7 ....Gross, $ 5 ,8 0 8 3 1 2 ; net, $1,386,038
mo*., July 1 to Aug. 31.5 1890. ...G ro ss, 5,042,808; net, 1,305,868
Deducting tax** and rentals, balance fo r 1m e rust in 2 month*
o f 1897 was $1,101,332, against #951.053.
R bi’Obt .—The report toe the year 1808-7 win* given at length In V05, a 510. 517; *«: also editorial pare 194. Earning* on the old mile'
age bast* acre a* follows, and further below is given a statement on
the b»s!* nf mileage how operated:
Tears ending June 30—
1997.
M i l e s r o a d o p « * »l«d ....... .
8.479
Gross earning*............ .............*30,621,230
Operating expenses ............. 22,807,199
1896.
8,436
*G8J91l,507
22,071,275
1995,
6 .4 8 *
$29,532,988
*2,317,369
Not earning*.......... .
$7,754,011
$6,929,322
$0,215,028
is COA K s e w r S T 1896-7.
Net eamlbv-s ................ $7,754,041 i T a * e ,. rentals, e tc ........ $1,947,237
■Oilier I
2
5
4
*
4
I
H
I
| Inier**At
4,80-8,8 dS
Nettnrnme .................$3,008,540 j B »l., *urp.. for y e a r ..$1,452,4-15
Surplus far ,ix mcntlis to June 3 0 ,1 8 9 6 ..................................
150, ,81
Total surplus J a n e 3 0 ,1 8 9 7 ............................ ................... ..$1,603,226
1,661,840
r»lv. ,m a d ju s t m e n t m o r t g a g e I n c o m e s ( N o v . 1 . 1 8 0 7 , ) . . . . . ..
B a la n ce ....... ........................................................................ ..........
*51,386
On new basis Of mileage, including the At. A Pae. W estern D ivision
now the Santa Fe Pacific R K „ and excluding tile Sonora By. and N cw
M< g|t,, a Arlrona H R . >fel» b e ih g ilia bastsTor .fittitr© t‘«»iih'tffst>ns, the
eamlng-t for th e ialc ftw al year were, ami fixed charges w ill be,
f o ll o w K
A t l a n t a A C h a r l o t t e A ir E lite B y . —f See Map Southern X ait|can System.)—Own* Charlotte, N. C., to Atlanta, On,, 209 miles.
t»KV*Kf> on March 20, 1881, to the rtfohmond A Danville
(now Southern Railway) for 99 year*, at a rental equal to the
Interest on debt and 5 tier cent on »t<n;k; If gro»* earning* exoead $1,500.018), dividends to Iki 0 jH-r cen t; nnd if they exceed $2,500,000, 7
m e c-n t, Tim ope rating con tra ct o f 1881 (m ade with Richm ond &
UauvlUc) was assigned to and accepted by the Southern Railw ay Co.
DtvittKsiMt, , 18*1 to 1**9. 1890,
1801 to Sept., 1897, Inclusive.
Per t e w - i 5 > -.u-iy.
5%
(1 yearly (M. & 8.)
Ka r .v ixus .- J anuary 1 to A p ril 30 14 m onths), gross, $501,530 in
1897; $4 -9,487 In 1*96. Calendar year 1890. gross, $1,598,047; In
1-9.5, gross. $1,752,996. F or fiscal year ending March 31 ,189 6, gross,
$1,763,503,1.gainst $1,540,687 l!) 1894-05 and $1,519,313 In 1808-94.
President,Chartee .*. Fairchild, Sew York City. (V. 04, p. 232, 286.)
A t i n u la K n o x v i l l e A N o r t h e r n l l y . — Ro a d —O w nsfrom K n ox
ville, Tenn., to Marietta. Ga., 203 m ile s; and M nrphy to Blue Ridge,
25 m iles; total owned 230 m ile*; trackage, W estern & A tlantlo Rail
road, Marietta, G A , to Atlanta, Ga., 2 0 m iles.
11is to r t . —Chartered Jn n« 4.1 890 . A reorganization per plan in V.
62, p. 1010, o f the Marietta A North Georgia, foreclosed Nov. 25,1805.
First m ortgage bonds fo r $500,000 remain In the com pany's treasury.
E tn v rx o*.—New com pany took possession N ov. 1, 1896, and earn
in g s fo r 10 months to Aug. 31. 1897, w ere. Gross, $222,538, net,
$19,996, a g a in s t g r o s s . $243,791, net, $34,875, In 1895-0.
OrricKIl*. -P r c d d o n l. It. K. M otlarg, 40 W all 8 t „ N. V .; V ice-Presi
dent. E. C. Spalding, Atlanta; Secretary and Treasurer, H. W. Oliver,
Marietta, Ga.—V , 63. p. 30, 6 0 1 ,837; V. 65, p. 09.
A t l a n t a A W e s t P o i n t H i t . —Atlanta, Ga., to West P t.,G a „ 80 m
DtviDBSPS begun fn 1855 were for many years 8 p ercen t per annum.
From July 1 , 1884, to Ju ly, 1897, Inclusive. Oper cen t yearly, J&J.
EAturiKOR,— 2 m onths, 5 1897................. Gross, $84,621; net, $28,623
July 1 to A uk . 31. ( 1890................. Gross. 79,412; net. 20,049
A sstj.u . R e p o r t .— Fiscal ye tr ends June 30. Earnings have b een —
In 1896-7. gross, $5 54,4 46; net, $219,830; other Income, $13,019;
Interest, $73,932, taxes, $ t 8.707; dividend*, $73,932; "sundry aceounts," $84,711; b»l., surplus, for year, $1,667. In 1895-6, cross,
$531,115; net. $213,456. (V. 68, p. 1158; V. 64, p. SIS.)
A t l a n t i c C it y I t y .—Camden t o Atlantic City, 57 rrl. (double track);
branches, 25 m. St o c k , com m on, $1,200,000; preferred, $1,000,000
(par, $50), o f which $1,195,000 com m on and $998,550 preferred owned,
by Reading Co. are in trust under its general m ortgage o f 1896. In
year ending June 3 0 . 1896, gross $8 89,7 52; net, $2 50,8 40; charges,
$100,402; ba lan ce,su rp lu s,$84,444, In 1 804-03g ro ss,$842,364; net,
$301,879.
1«
INVESTORS’
SUPPLEMENT
[Vol. LXY,
S u b s c r ib e r s w i l l c o n f e r a g r e a t f a v o r b y g iv in g I m m e d ia te n o t ic e o f a n y e r r o r d is c o v e r e d I n th e s e T a b le s .
B o n d s — Prm ciINTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Am ount
Par
per When Where Payable, and by S tock s— Last
of
of
For explanation o f column headings, &o., see notes
Outstanding Rate
Cent. Payable
Whom.
Dividend.
Boad. Bonds Value.
on first page o f tables.
it St. L a w r e n c e — Stock, 64 rental Grand Tr’k 150
Allan.S. Ric.it a .—1st M .g.,s.l,$8,000p.m .,red.105
53
A u g u s t a it S a v a n n a h — Stock 5% rental Central G a..
85
Augusta So.—1st consol. M., go., gu., p. & i ....... C xc
103
A u s t i n <t N o r th w e ste r n — l e t m ort.g.,gu.p & LA o**r
A v o n O en cseo a! 1/1. M o r r i s RR.—Stock (see te x t)...
Bald Eagle F oi/ey -S tock , $2,000,000........................
90
1st M. orig. $-1(10,000 (s. f., drawn at 100). -. F P x r
B a ltim oret A n n a p .S . I.-S took ($500,000 I s p f d ) ....
28
1st n iort (4 p. c. after Jan. 1,1 897 ) gold — S B n
89
Baltimore Chesapeake it Allan.—1st mort., g oldA c*
Baltimore ./■ Lehigh Ry —M ort.,$250,000.. M e B a
B a ltim o r e tit Ohio—Stock.........................................
1st and 2d pref. stock, cum., $3,000,000 Is 1st pref
R eceivers’ certs. (V. 62, p. 1039) g., rod. June 1,’97
Do
(V. 63. p. 97) red. after June 1. ’ 97
Do
$680,000, red. after July, 1898 —
Do
$2,350,000 (see V. 65, p. 150)............
Do
On P. it C., red. 1 year from date—
Do car trusts B.& O. Equip.Co. M.,g.,gu.p.&i.o*
Do. certificates, secured on car floats.................
Equip, lease war. Ak. &Ckgo. Jc. (V. 64, p. 3 2 8 )..
Loan due in 1880. extended, payable at w ill......... 380
380
Loan, 1853, extended in 1885, gold......................
Mortgage 1872, sink, fund £12,000 semi-annually 422
422
Mortgage 1874, sink, fund £9,000 semi-annually.
Bond to Citv Baltimore (payable$40,000 yearly). 380
Consolidated M (for $29,600,000) gold. M e B n o» 521
Loan. 1877 (8. f. dr’n at 100) (B.& O.&Ch.bds.col’lJo 263
N. W. Virginia R R. 1st M. (ext. in 1888) assum .o) _ „ , (
B. & O.loan 1879 (Parkersb’g Br. collat., cur.)., i
108
M ort.on Phila.Br..Balt. & P hila.bds.aseol.......x c
A tla n t ic
£& $100
1,000
$100
1,000
1894
1,000
1891
100
50
1,000
1880
100
1894
1,000
1894
$5,484,000
6
M. & S.
5 g. J. & J .15
m
1,022,900
5
j. & j.
n400,000
0 g. J. & D.
1,920,000
5 g. J. & J.
225,000 2 l2 to 3 L .'J . & J.
10
1,535,000
F. & A.
332,000
6 cur. F. & A.
900,000
n 6 00,000
4 g- j . & j .
1,250,000
5 g. M. & S.
80,000
6
100
25,000.000
100
5,000,000
j. & j.
5,000,000
1896 1.000&C
6 g. J. & D.
1,000
5
956,000
J. & l>.
1896
680,000
1897
5 g. J. & J.
(?)
1897
1,000
650,000
1897
5
J. & J.
3,400,000
1,000
1896
6 g. J . & J .
57,600
1897
462,600
6
1897
361,500
4
1853 500 &c.
j. & j.
1853 500 &c.
1,709,500
4 g- A. & O.
£100
9,301,512
1872
6 g. M. & 8.
£200
9,634,504
1874
6 g. M. & N.
1875
160,000
6
J. & J.
1,000
11,988,000
1887
5 g. F. & A.
£2 00
1877
6,690,048
5 g. J. & D.
140 000
J. & J.
1855 $1,000
6
1,000 n 3 ,000,000
1879
6 cur. A. & O.
£200
1883
11,616,000
4^2 g. A. & O.
1895
A t l a n t i c C o a s t L i n e C o . — This oom pany, organized M ay 29,
1889, under the laws o f Connecticut, ow n i a m ajority o f the capital
stock and a largo am ount o f the bonds in a scries o f railroad com
panies denominated for convenience the Atlantio Coast Line System.
The system includes about 1,640 miles as follow s. Consolidation o f the
South Carolina roads has been authorized—see V. 64, p. 887.
Company—USeethis Co.
Miles, j Company—
Miles.
Richm . Fredkb. & P otom aefl.. 86 Northeastern, S. C.IT.................. 102
W ilmington & Weldon fi............510 |Petersburg IT................................. 61
W ilmington Columbia & Aug.lT242 |Riohm ond & Petersburg 1f...... 28
Central South Carolina H.......... 40 i W ilm ington & N ewberne IT...... 88
Cheraw & D arlington............... 110 |Other lines.................................... 50
Florence R R ................................ 42 |----Manchester & A ugusta H..........171
U See this com pany.
N orfolk & Carolina Tl................ 110 |
S t o c k — In May, 1897, $6,000,000 o f certificates o f indebtedness!
entitled to 5 p er cent interest if earned,wore created, o f which $5,000,'
000 were issued to reduce capital stock from $10,000,000 to $5,000,"
000. As to the rights o f these certificates, see V. 65, p. 564.
D ividends —The first dividend on com m on was l*a p. c. declared
payable Oct. 10, 1895; iu 1896, 3; in 1897, A pril, L c p. c.; Sept., 2 p c.
G u aran ty .—The A. C. L. Co. guaranties $960,000 M anchester &
Augusta firsts, p. an d i.
S e c u r it ie s O w n e d .— On M ay 28, 1897, stocks, p ar value, $7,403,032, and bonds fo r $2,206,000; other bonds, $518,441. (V. 65, p. 564.)
E arnings .—F or year 1896, gross earnings o f the com pany were
$562,647; net, $550,287. In 1895, gross, $417,408; net, $405,631.—
V. 61, p. 1065; V. 64, p. 232, 663, 887, 99 9; V . 65, p. 5.64.
A t l a n t i c tc D a n v i l l e B y . —Completed Feb., 1890, W est N orfolk,
to Danville, Va., 205 miles, three branches, 22 m iles, and Jam es R iver
Junction to Claremont (3 feet gauge) 51 miles; total, 278 miles.
H is to r y .—Suecessor to Railroad. F oreclosed A p ril 3 ,1 8 9 4 , b on d
holders paying an assessment o f 25 p. o. and receiving 25 p. o. in new
bonds therefor. See plan V. 58, p. 815.
S t o c k .—Common, $2,500,000; non-cum. 5 per cent prof. $3,200,000.
Issued to June 30, 1896, comm on, $2,180,800; preferred, $3,099,200.
D ivid en ds .—On preferred first dividend 1 p. e. paid Sept. 1,1897.
B o n d s .—The bonds are subject to call at par on 6 m onths’ notice;
they have full foreclosure rights after Jan. 1 ,1 8 9 8 . See application
for listing on N .Y. Stock Exchange in V. 62, p. 1141.
L a t e s t E a r n i n g s .— 2 moa.,
1 1 897....G ross, $85,403; net, $20,599
July 1 to A ug 31.
) 1896___Gross, 81,373; net, 16,805
A n n u a l R epo rt .—For year ending June 30, 1897, gross. $537,378;
net, $133,095. Report foi 1895-96 was in V. 64, p. 81, showing
gross, $569,018; net, $139,894; interest, $61,900; balance, $77,994.
In 189L 95, gross, $538,370; net, $102,947.—V. 65, p. 320.
A t l a n t i c & N o r t h C a r o l i n a R R . —M orehead City to G oldsboro
N. C., 95 m. State o f No. Car. owns $1,266,500 o f the $1,797,500 stock!
D i v i d e n d s .— ?
1892.
1893.
1894.
1895.
1896.
1897
Per cent.
>
2
2
2
0
2
2
E a r n in g s .— F or year ending June 30 ,189 6, gross, $140,657; net.
$58,170; charges. $33,769; balance, surplus, fo r year, $24,401 In
1891-95, gross, $35,886; net, $52,133.—V. 61, p. 470.
A t l a n t i c Sc S «. L a w r e n c e R R . — Owns from Portland, Me., to
Island Pond, V t. (and branch), 165 miles; leases, 7 miles; total 172
miles. Connects with Grand Trunk o f Canada, to which leased for 999
years, August 5 ,1 8 5 3 , at a rental equal «to bond Interest and 6 per
cent on slock. The funded debt, $3,000,000, the Grand Trunk holds
and has pledged fo r its debenture stock. The stock o f $5,484 000 is
m ostly £ , with dividends payable in London. E arnings .—Y ear ending
June 30, 1K96. gross, $993,812; net, $169,258; interest, $206 280“
rental (dividends), $329,040; (axes, $58,317; balance, deficit for year
$424,379, paid by lessee. In 1894-95 gross, $975,005; not, $127,798. ’
A t l a n t i c S u w a n n e e R i v e r A: G u l f R y . — R oad com pleted
(June 3 0 . 1896), from Starke to Alachua, Fla,, 27 miles Projected
from Starke to Suwannee R iver, 55 miles. Capital stock (authorized
$600,000) issued $250,000. R oad being built by A tlantio Lumber Co
and charter provides fo r land grant o f 10,000 acres p er mile.
A u g u s t a Sc S a v a n n a h R R . — Millen to Augusta, Ga., 53 miles
In 1895, re-leased to the Central o f Georgia at 5 p. e. on stock.
E a r n in g s .— For year ending June 30, 1896, gross, $190,868- net,
$68,018. In 1894-95, gross, $160,687: net, 42,202.—(V.61, p. 239.)
A u g u s t a S o u t h e r n R R . —Owns from Augusta to Sandersvilie
Ga., 80 m. (standard gauge), and Sandersvilie & TenniHe RR 4 miles >'
Leased in March, 1897, in perpetuity to the South Carolina & Georgia
which guaranties the bonds, p rincipal and interest, by endorsem ent’
(Y. 64, p. 468.) Common stock, $400,000; preferred. $350,000- par
$100. There were, Oct.. 1896, ear trusts, $32,000. F or year 1895-96’
gross, $79,358; net, $30,289. -( V . 04. p. 468.)
A u s t i n Sc N o r t h w e s t e r n R R . — Owns from Austin to Llano
Texas. 99 m.; branch, Futrlnwl to Marble Falls, eto., 8 miles Stock’
$1,016,000; par $100, o f which the Southern Pacific Company owns
$1,008,000. The land grant was 600,000 acres. The 5 per cents are
London and Portland. Sept.,18 97.3 %
Jan. 15, 1945
Savannah, Ga.
J ’ly 6,’97,21o%
N. Y .t l b Broad St.
Dec. 1, 1924
N. Y., Cent. Trust Co. Ju ly 1, 1941
N ew Y ork, Erie RR. J ’l y l , ’ 97,1/4%
Aug. 1, ’97, 5%
Pliila., F. Ins.Tr. &S. Dep. Jan. 1, 1910
Jan. 1, 1944
NewYork,29W iillam St. Sept. 1, 1934
Nov. 15, 1894
Jan., ’ 96. div. last paid. J a n .,’96, 2%
N. Y ., Merc. Trust Co. June 1, 1899
Balt., M aryland Tr. Co. Dec. 1, 1899
1900
Jan. 1, 1900
Balt., T rust & Guar.
N. Y., Merc. Tr. & Bost. July 1, ’ 98-99
Balt. Of., Central Bldg.
do
do
London, Baring Bros.
Lond.,J.S.M organ & Co.
Baltimore, Office.
N. Y „ Union Trust Co.
Lond, J. S. Morgan&Co.
Baltimore, B. & 0 . RR.
.T. P. Morgan&Co. &Balt.
Oct.. 1897, int. deferred
$11,565 qua’ly
A t will.
Oot. 1, 1935
Mch. 1, 1902
May, 1910
July, ’98-1900
Feb. 1, 1988
June 1, 1927
Mch. 1, 1902
Apr. 1, 1919
Apr. 1, 1933
fo r $20,000 per m ile, and have p rin cipal and interest guaranteed b y
the Southern Pacific Company.
E a r n in g s .— For year ending June 3 0 ,1 8 9 6 , gross, $ 2 4 0 ,9 3 4 ; n et,
$ 7 8 ,5 5 7 , against $ 9 8 ,1 3 6 in 1 8 9 4 -9 5 ; other incom e, $ 9 ,3 5 6 ; Interest,
taxes, etc., $ 1 0 4 ,1 1 8 ; balance, deficit, $ 1 6 ,2 0 5 .
A v o n G e n e s e o & B it. M o r r i s R R . — ( See Map E rie R R .)—RLt.
M orris to A von, N. Y ., 18 miles. Leased to Erie R R . at rental o f 2 'g
per cent on stock fo r 4 years from Jan. 1 ,1 8 9 6 , 3 per cent fo r 1 year
m ore and 3 <2 p. c. thereafter,— (See V. 63, p. 5 1 2 ; V. 62, p. 318, 589.)
B a l d E a g l e V a l l e y R R . — Owns from V ail Station, Pa., to L ook
haven, Pa., 51 m iles; branches to Sugar Camp, eto., 39 miles.
Leased to Penn. RR. Co. fo r 99 years from Dec. 7, 1864. Rental, 4 0
per cent o f gross earnings. Rental 1896, $175,617; other incom e,
$9,401; int., taxes, etc.. $40,774; dividends (10 p. o.), $140,625; b a l.,
sur. fo r year, $3,619. R ental In 1895. $153,399. Pennsylvania RR.
Jan. 1 ,1 8 9 7 , owned $706,250 stock. D ividends o f 5 per cent cash are
paid semi-annually.
B a l t i m o r e Sc A n n a p o l i s S h o r t L i n e R R . — Owns road from
Cliffords to A nnapolis, Md., 23 miles. In 1897 control acquired in
interest of A nnapolis W ashingt'n & B altim ore RR. Co. F or year ending
June 30, 1896, gross earnings, $86,456; net, $25,025. In 1894-5,
gross, $76,785; net, $24,322.
B a l t i m o r e C h e s a p e a k e Sc A t l a n t i c R y . — Owns Claiborne to
Ocean C ity, Md., 87 m iles; branch, 1 mile; total, 88 miles; from Clai
borne to Baltimore, 42 m iles, transfer is made by water. H i s t o r y .—
A reorganization in 1894 of the Baltimore & Eastern Shore, w hich w as
sold Aug. 2 9 ,1 8 9 4 (V. 59, p. 371), the M aryland Steamboat Co., Eastern
Shore S. B. Co. and Choptank S. B. Co. F ifteen boats are owned.
Stocks .—P ref., $1,500,000 5 p. c. cum ulative; com m on, $1,000,000.
A n n u a l R e p o r t .—R ep ort fo r year ending August 3 1, 1 8 9 6 , w a s
given in V. 6 4, p. 2 8 4 , show ing gross, $ 4 9 7 ,7 0 3 ; net, $ 8 8 ,5 9 9 ,charges, $ 6 2 ,5 0 0 ; bal., surplus. $ 2 6 ,0 9 9 . In 1 8 9 4 -9 5 gross, $ 5 1 4 ,1 0 8 ;
net, $ 12 9 ,8 0 6 ; interest, etc.. $ 6 2 ,0 5 6 ; balance, surplus, $ 6 7 ,7 5 0 . Presi.
dent (May, 1 8 9 7 ), John S. W ilson .—(V. 6 2, p. 2 7 4 ; V. 6 4, p. 2 8 4 , 8 4 2 . >
B a l t i m o r e Sc L e lit g li R a i l w a y . —XiirrfOC Gauge.—R oad from
Baltim ore to Cardiff, Md., 43 miles. C apital stock is $850,000; par,
$100; issued, $843,500.
E a r n in g s — Year ending June 3 0 ,1 8 9 6 , gross, $ 1 31,4 79; net $30,7 5 8 ; interest on debt, $ 5 ,8 5 4 ; im provem ents, $ 1 ,934 ; reduction of
m ortgage, $1 3,25 4; balance, surplus, $9,716.—V. 63, p. 227.
B a l t i m o r e Sc O h i o It I t .— 'See Map).—R o a d .—Operates from Balti
m ore to Philadelphia and Baltim ore to Chicago, and has, v ia the Balti
m ore & Ohio S. W., a direct route to Cincinnati and St. Louis, the total
mileage leased, ow ned and operated /ex clu d in g the Balt. & Ohio South
western) being in July, 1896, 2,095 miles, o f which 774 miles are
west and 1,321 miles east o f the Ohio River. The “ Blue L in e ” (see
Central RR. o f N J.) enables it to reach New York, near w hich, on
8taten Island, it has freight term inals. See S. I. R apid Transit.
A lso operates the Valley RR . o f Virginia, 62 miles, controls C leve
land Terminal & V alley Ry. and is interested in the W est Va. & P itts
burg (see that co.). Baltim ore B elt line (timnel line in B altim ore) w as
opened May 1 ,1 8 9 5 . (V. 60, p. 258, 794.)
H is t o r y , L e a s e s , &c.--Chartered In Maryland Feb. 2 8 ,1 8 2 7 , and in
Virginia March 8 ,1 8 2 7 . First section opened May 24 ,183 0. The Tele
graph Co’s, stock was sold to Western Union for $5,000,000 Western
UnioD stock at par and a rental o f $60,000 per year for fifty years. On
June 3 0 ,1 8 9 6 , $4,810,000 o f the W estern Union stock was still ow n ed.
A eoutraet or lease made with the Chio. & N. Pac. (now Chic. Terminal
Transpor. Ry.) in Dee., 1891, gives use o f terminals-in Chicago.
In Novem ber, 1895, an im portant change took plaoe in the direct
ory, the follow in g representatives o f New Y ork aud L ondon hanking
houses succeeding B altim ore men: Louis Fitzgerald, President Mer
cantile Trust Co., N. Y.; Eugene Delano o f B row n Brothers; W illiam A .
Read o f Vermilye & Co., and H ow land D avis o f Blake B oissevain &
Co. o f London.—See V. 61, p. 924, 1106, 1153.
R e c e iv e r s h ip .—Feb. 29, 1896, President, Joh n i\ Cowen and V icePresident Oscar G. M urray were m ade receivers.—(V. 62, p. 455.)
R e o r g a n iz a t io n .—I u O ctober, 1 8 9 7 , reorganization plans w ere
being matured. With the proceeds o f receivers’ certificates the rolling
stock has been increased and various im provem ents have been made.
New York Reorganization Committee.—Louis Fitzgerald (Chairman),
Eugene Delano, Edward R. Bacon, H owland Davis, W. A. Read, A ugust
Belmont, H enry Budge; See’y , H. C. Doming.— (V. 62, p. 455, 777.)
Baltimore Comm it lee.—Alexander Shaw, Chairman; C. Morton Stew
art, John Gill, J. G. H arvey, T. Edward H am bleton, James L. MeLane,
John M. Nelson, Secretary, Baltimore.—(V. 62, p. 547, 777.)
B. it O tt Chicago.—C. H. Coster, J. W. Brow n and James Bond (sub
stituted trustees under the m ortgage o f 1877) in July, 1897, obtaine l
perm ission to sue fo r separate receivers for the B. & O. & C., but on
Oct. 1 ,1 8 9 7 , the overdue interest was paid.—see V. 65, p. 150.
Terminal Bonds o f 1804.—See V. 62, p. 588.
Loan o f i SSj .—Speyer & Co., in New Y ork, and Speyer B rothers, in
London, receive deposits. A m ajority has been deposited. (See V . 61,
p. 233 , 1 087; V . 65, p. 194, 234.)
Philadelphia Brunch 4hs o f rSS}.—BrowD, Shipley & Co., L ondon,
request deposits. (Y. 65, p. 777.)
3"Ane8vm<
«
L ^^oport
*y£ry«Ui
\m m
■iMUZ.>0'
glngliamtoi
tiffin'
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Athens,
0.RMS8Y JC.
£ook Maua
irT V .J C W C T T
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;mnton
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ialoribun
X
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/ O J -7 / f QU‘ “ Uifv
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i X
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; P < i w m 5 to7 --------- CMa
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e
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IPitr^fr-K. /tr^,npal 3^ 7
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HARRISBURG}
^ j3 ^
PHILADELPI
1
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STOCKS
rPAN*J
L -^ S -~ L
V"C 1
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V ^ ^
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»**w jraifeMt
f^rownAM#>|
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rwrv*«* OAlrCj
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"
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iwet^boro
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MAP O F T H E
October, 1897.]
icKonift
IA8 HVILLE
towSSwni
Knoxvil
Columbia
M k r Mt
/
tcMinnrnie
RAILROAD SYSTEM.
AIPHI8
y ajW y(l|(>
BALTIM ORE & OHIO
iih a h
'Charlotte
INVESTORS’
14
SUPPLEMENT,
L? ol . L X V .
S u b s c r i b e r * w i l l c o n f e r a [t r e a t f a v o r b y g i v i n g I m m e d i a t e n o t i c e o f a n y e r r o r d i s c o v e r e d I n t h e s e T a b l e s .
Rofw/s—P rin ci
INTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or
A m ount
When W here Payable, and by Stocks—Last
Par
Rate
of
of
F or explanation o f column Loadings, Ac., see notes
Outstanding
Whom.
P er cent. Payable
Dividend.
Road. Bonds Value.
on first page o f tables.
B a l t i m o r e <C O h io — ( C o n c l u d e d ) —
W ashC.A P .L.(Alex.Br.) letM .g.s.f.$36,000p.an.
Plttsb. * Connellsville 1st m ort.,7 s......................
do Extended in 1896 in gold. V. 62, j>. 1178.
B.A O. reeeiv’s ctfs. on P. & C., red. in 1 year..
Consol. M.. g .,p .A i. guar. (8. f. £7,200 per y r.).
B AO. loan,-85,g.(Pitts.A Conn.bds.asooT.iVe’hvr
1st Terminal mortgage, gold (see t e x t).......... o*
Equip, trust, Ser. A',($100,000 pd. yearly Apr. 1
Do. do. 8er. R,,$200,000 due y 'rly Nov. l .c
Car trust (extended iu 1897 for 3 y e a r s )M e .B a .
LEASED LINES.
Solinyl. R. East Side RR. 1st M., g. (guar.)............
Balt. A N. Y. RR., 1st M., gold, guar............... CAr
Akron A Chic. Juno. 1st m., gold, int. g u .........o*
B alt.B . lstM .fo r $6 ,000 ,000 ,g .,ln t.g u .M e.B a.o
2d m ortgage, $2,500,000, g o ld ....................■- - - ■
B a ltim o r e
O h i o S o u t h w e s t e r n — Common stock
Preferred stock, 7 per cent, non-cum ulative
Cincinnati A Baltimore, 1st m ortg ag e..........
B. &U. 8.W. RR., 1stM .,gold (guar.p. & i.,end.).o*
Ohio & Miss., 1st con. M., ($83,000 6s) see text.c*
1st consols, extended in gold in 1897................
2d consol, rnort. (sink, fund), no drawing---- o’
Spring. Div.(Sp.<fc IU. S. E.) 1st M. ($3,000,000) c 1
First general m ortgage..............................
Equip. Trust, 3 series, drawn yearly at 1 0 0 ...o’
B. & O. 8. W. Ry., 1st con. M., g., gu. (end.).o*&r
Income m ort., A & B (A, $8,750,000)............ c«fcr
B. & O. 8. W. Term. Co. 1st M. gold, guar., p&i.c
Marietta Ry. 1st M ., g., $175,000, gu., p. & i. end
12
147
147
147
—
11
5^
73
7
1873
1868
1868
1897
1876
1885
1894
1889
1890
1887
$1,000
1,000
1,000
1,000
£2 00
$1,000
1,000
1,000
1,000
1,000
1886
1889
1890
1890
1894
1,000
1,000
1,000
1,000
$540,000
6 g.
1,464,000 5 7
2,536,000 (
4 g.
See above.
5
6,648,224
6 g.
10,000,000
5 g8,500,000
4 l2 g.
300,000
5
800,000
5
n250,000
5 g.
4,500,000
350,000
1,500,000
6,000,000
5 g.
5 g.
5 g.
5 g.
4*2
J.
J.
•T.
J.
J.
J.
F.
J.
A.
J.
&
A
&
A
A
A
A
A
A
A
D.
J.
J.
J.
J.
J.
A.
D.
O.
J.
J.
M.
M.
M.
A.
A
&
&
A
A
D. Phila., Solicitors’ Co.
N. N.Y., J.P. M organ «fc Co.
N. N ov., ’97, coup, not pd.
N. N ov., ’97, coup, not pd.
0.
Owned b y Balt. A Ohio.
Dec., ’ 95, coup, la stp d . June 1, 1913
Ju ly ,’ 97, coup, p urch’d. July 1, 1898
N. Y ., V erm ilje & Co. July 1, 1946
Jan. 1, 1900
Jan., ’97, coup, last pd. Jan. 1, 1926
A u g.,’97, coup, purch’ d Feb. 1, 1925
June, ’97, pd. Oct. 1 /9 7 June 1, 1934
Phila., Fin’ce Co. o f Pa. Apr. 1, ’9 8 -’99
Phila., F in’ce Co. o f Pa. N v .l,’ 98-1900
Baltimore.
1900
100
10,000,000
100
20,000,000
1,000
333,000
j . & J. N. Y ., Farmers’ L. A Tr.
1869
7
1,000
10,667,000
4 1a g. J. A J.
do
do
1889
do
do
1868 1,000 > a 6 ,468,000 56 & 7 J. A J.
do
do
1868 1,000 5
i
4 g. J. & J.
7
A . & O.
1871
1,000' l>2,952,000
do
do
1,000 c l . 984,000
M. & N.
1874
7
do
do
1,000
J. & D.
1883
d328,000
5
do
do
6
Various N.Y.BarlngMagounACo
’87-’91 1,000
191,000
N ew York.
909 1893 1,000&C 10,483,000
4 ^ g. J. & J.
1,000
See text
909 1893
18,750,000
5
See text.
1892
1,000
1,200,000
5 g. M. & N. N. Y ., Farm ers’ L. & Tr.
1,000
do
do
1896
125,000
4 g. M. & N.
5
281
393
393
393
222
N o te .—I n addition there are held under con. 4L? % M. o f a $ 145,000 , o f b $261,0 00, o f
Coupons .—The dates w hen coupons have been paid and the first
oupon default ed, where m ore than one default exists, are as follow s:
Payable at, if paid.
Paid.
Couvon.
Loans.
Wnen due See bond table
Various
Main line, 1853 to 1875......
N. Y. Union
Trust Co.
do
Consol. Mort. o f 1887------ Aug., 1897
Loan 1877, Chicago D lv... June, 1897 Oct. 1, 1897 London, J.S.Morgan&Co.
Y , J- P- Morgan & Co.
Oct., 1897 uct. il, i qq7 5 N.and
Parkersburg Br. 1879.......
Baltimore.
Deferred See V. 65, p. 619, 777.
Oct.., 1897
Phila. branch 1883.
Pitts. & Connells. 1st 7s... July, 1897 Purchased N. Y., Vermilye & Co.
do
do
Pitts.& Connells, lstoxt.ls July, 1897 July 1, 1897
_ a Not
........
July,
1S97 paid
Pltts.AConnells.Con.M. 6s _
B. & O. loan of 1885 g. 5— Aug. 1,1897 bPurchas'd New York, Speyer & Co.
June
1,1897
Oct.
1,
1897
N.Y.,
Brown
Bros.&Lon.
B. & O. Term. M. 1891. ...
Various
When due Phila. Finance Co.
Equip, bonds 1887-90........
-Phila. Solicitors Co.
Scnuylkill Riv.E. S. 1st 5s. Juue 1,189. June
. — 1,1897
.
--------------------—
Balt i’more & N. Y. 1st 5s... Nov. 1, 1-97 Nov. 1, 1897 N. Y., J. P. Morgan & Co.
Alexandria B. 1st M. 6s ’73 Dec., 1895
Last paid
Not paid N. Y.. Mercantile Trust.
Akron &Chic. Jet. 1st M ’90 Nov., 1897
Not paid N. Y., Brown Bros.cfc Balt.
Balto. Belt 1st M. 1890. . . . Nov., 1897
Dec.
M ay
Nov.
Nov.
A pr.
1,
1,
1,
1,
1,
1935
1939
1930
1990
1944
Jan. 1, 1900
Jan. 1, 1990
Jan. 1, 1898
Jan. 1, 1947
Apr. 1, 1911
Nov. 1, 1905
June 1, 1932
10 p. o. yearly.
July 1, 1993
July 1, 2043
M ay 1, 1942
Nov. 1, 1996
c $16,000 , o f d $3,678,000.
1896, Increased $443,211 ($300,000 fo r interest on Baltim ore B elt
bonds) and that from M ay to D ecem ber, 1896, w ere issued in the
aggregate $6,606,000 o f receivers’ certificates and $3,400,000 o f car
trust certificates, entailing an annual outlay for in terest o f $584,000,
p artly how ever In lieu o f interest on floating debt.
F or Receivers’ Certificates see “ R eceivers’ O bligations ” above. R e
ports o f P atterson A Corwin was m entioned in V. 64, p. 999.
E a r n in g s .—2 m os.,
( 1 8 9 7 __ Gross, $ 4 ,5 5 4 ,2 8 6 ; n e t, $ 1 ,2 0 8 ,9 0 2
July 1 to A ug. 31. (1 8 9 6 ___ Gross, 4,4 86,6 54; net, 1,178,924
F or fiscal year 1 8 9 6 -9 7 gross, $ 2 5 ,5 8 2 ,1 1 9 , against $ 2 4 ,1 5 5 ,6 3 7 .
A n n u a l R e p o r t .— Fiscal year ends June 3 0. A nnual m eeting a t
Baltimore on the third Monday o f Novem ber. R ep ort fo r 1 8 9 5 -6 ,
was given in fu ll in V. 6 3, p . 9 2 1 , 9 2 5 . See also editorial, p . 901 .
Tear ending Jane 30—
1896.
1895.
1894.
Gross earnings .. ...................... $23,944,782 $22,817,182 $22,502,662
Operating expen ses................... 17,583,420
15,801,043
15,560,689
a V. 65, p. 234, 276. b V. 65, p. 194, 234.
C a p i t a l St o c k .— Suit to com pel receivers to p ay dividends on p re
Net earnings......................... $6,361,362
Add incom e from other sources 1,068,924
$7,016,139
1,627,595
$6,941,973
1,982.858
ferred was dismissed in July, 1897.—see V. 65, p. 194; V. 62, p 1086.
In 1891 com m on stock was increased from $14,792,566 to $25,000,000 to pay a 20 per cent stock dividend, purchase Pitts. & W., etc.
D iv i d e n d s since ’8 5 .. $ ’ 86. ’ 87. ’88-*90. ’91. ’ 92. ’93. ’ 94 N one
On com m on..............1 8
4 ISoue. 20stk 3%
5
4*2 since.
R e c e iv e r s ’ O b l ig a t i o n s .— These have been authorized as fo llo w s :
Purpose.
Reference.
Amount.
Loan—
Mav, 1896 (B. & O. RR.)....... — Improvements, etc. V. ^2, p. 1,039 $5,000,0o0
Nov. 20,1896 (Md. Constr’n Co.) Baltimore Belt RR. V. 63, p. 967 *A956.000
Nov. 27, 1896 (.Pitts.& Connells.) Improv. on P. & C. V. 63, p. 1.0C8 B650.00O
57,600
A pril, 1897 (B. * O. R R )...........
Car floats.
..........
V. f o , p. 110
680,000
July. 1897
do
..........
New rails.
V. 65, p. 150 2,350,000
July 23,1897
do
............
Rolling stOGk.
V. 62, p. 948 C3;400;000
May, 1896 (B. & O. Equip. Co.)...
do
Feb., 1897 (Ak. & Ch. Junct’n)..
do
V. 64. p. 328 D 162.600
Total net in com e................... $7,430,286
Net earnings Wash’n B ranch..
99,926
Fixed charges.............................
7,202,854
Divid’s on 1st and 2d pf. stock.
150,000
Dividends on com m on stocklT.
Payments to retire bonds..........
694,835
$8,643,734
174,410
6,759,643
300,000
$8,924,831
205,001
6,522,581
300,000
11624,935
760,347
770,164
Leaving ahalanee o fll......... df.$717,329
$639,517
$511,967
H The dividend charged to earnings w as on ly that p aid In May.
.------------1896.------------ . ,-------------- 1895.------------- ,
Year end. June 30—
Cross.
Net.
Cross.
Net.
Main Stem ,A c................$11,249,986 $3,714,063 $10,806,337 $4,142,107
Parkersburg B ranch___
742,217
150,010
731,421
167,717
Washington B ranch.......
623,406
99,926
624,812
174,410
A A first lien on all the assets o f the Maryland Construction Co., and also on Philadelphia D iv ision ...
1,679,134 450,389 1,776,317
558,482
the Camden Station improvements.
Pittsburg
D
ivision.........
3,105,872
782,494
3,015,727
921,141
B A preferred Hen upon all interest o f the B. & 0. RR. Co. in the property
672,635 def. 1,216
633,775
81,161
and securities of the Pittsburg & Connellsville, and secondly a lien upon the Wheeling A Pitts. D iv ..
376,559
97,723
399,910
98,004
Pittsburg & Connellsville road itself, subject to the firsts o f 1868 but ahead of Midland D ivision...........
the consolidated mortgage of 1876. V. 64, p. 233.
Central Ohio D iv ision ...
1,199,105 .152,986 1,096,602
206,833
C Car trust certificates issued by B. & O. Equipment Co., but guaranteed, prin Lake Erie D ivision .........
845,680
149,572
714,171
108,487
cipal und int., by the receivers and the B. & 0. RR. V. 62, p. 948; V. 63, p. 152. Straitsville D iv is io n ....
143,104
7,296
123,572 def.2,015
I> Akron & Chicago Junction lease warrants for any defleieny to meet which
Chicago D ivision............ 2,862,625
691,947 2,500,745
504,880
the receivers are liable.
Akron
D
ivision..............
444,459
66,171
393,794
54,931
BONDS.— The various loans o f the B. & O. System, including the
am ount o f each outstanding, the road, etc., covered b y the m ortgage,
T
otal...........................
$23,944,782
$6,361,361
$22,817,183
$7,016,138
and the earning pow er o f a number o f the lines, were given in an arti
O f f ic e r s —President, John K. C ow en; Secretary, O. W. W oolford ;
cle on page 3 o f the I n v e s t o r s ’ S u p p l e m e n t fo r A pril, 1896. In addi
tion to bonds given above as outstanding, the B. & O. sinking Treasurer, W . H. Ijam s.—V. 65, p. 410, 515, 619, 777.
funds held June 3 0 ,1 8 9 5 , consols o f 1 88 7 to the amount o f $ 4 ,8 6 5 ,0 0 0
B a l t i m o r e A O h io S o u t h w e s t e r n R y l —( SeeMap o f Balt. d Ohio).
(interest on which is paid in consols themselves) and other tirst-class
Road Owned—
Miles. Road Owned—
Miles.
interest-bearing bonds to am ount o f $ 3 ,3 6 6 ,1 9 6 . V . 61, p. 928 .
Cincinnati to East St. L ou is___339
Blanchester to H illsboro......... 22
T h e consolidated mort. o f 1 88 7 a b s t r a c t V . 4 6, p. 804.
No. Vernon to Jefferson v ille... 53 New A lbany & Eastern....... .
8
T he terminal mortgage a b s t r a c t in V. 5 9, p . 7 1, 72.
B eardstow n to Shaw neetow n.,228 Cincinnati & B ed ford .............. 11
Pittsburg <fe Connellsville first 7s for $4,000,000, due July 1 ,1 8 9 8 , Cincinnati to B elpre................... 193 Trackage in Cincinnati............
1
were offered an extension in July, 1896, at 4 p. ot.—see V. 62, p. 1178. Marietta to B elpre...................... 11
----A pplication for foreclosure o f B. & O. loan o f 1885 secured b y Pitts. Portsm outh to H am den............ 55
T otal operated June 30,1896.921
<fc Connellsville bonds and o f the P. & C. 2d consol, m ortgage deposited
Second track, 15 m ile s; sidings, 280 m ile s; traokage, 1 mile.
as such security w as m ade in September.—V. 65, p. 515.
H i s t o r y , E t c .— This railway co. was a consolidation on Nov. 1 ,1 8 9 3 ,
G u a r a n t i e s .— In addition to the b€tads given in the table, the oom
o f the B. & O. S. W. RR. and the Ohio &M lss. per p l a n In V. 56, p. 504.
any guarantees the follow ing bonds. See statement fo r this co.li
C a p i t a l S t o c k .— The $10,000,000 com m on stock Is held by th e
1st
,i. A
l <5. Southwestern
— 1
-+ -l^
4 s.
"tf Columbus & Cin. Midland 4!2S. H
B. & O. and carries control. A ll the stock ha s been issued, bu t to
do
do
1st consols,
do
do
3 p. o. on pref. July, 1897, only $19,670,700 preferred had been listed on the
Cleve. Term. A Valley Ry.
U M onongaliela River 5s.
U
Staten Island R. T. 2d 5s.
II Pitts. Clev.& T ol., as to int.f lst6s.1I New Y ork Stook Exchange.
B o n d s .— A b s t r a o t ot firs t mortgage ot 1889 (guaranteed by B. A O.)
Valley o f Va., $468,000 1st 6s. IT West Va. & Pitts., as to int., 1st 5s.H
G e n e r a l F in a n c e s , A c.—The floating debt o f Maroh, 1896, was as was in V. 51, p. 245. O f th e$3 7,500,000 firs t consols., also guaranteed
follow s: Bills payable and claims audited to May 1, $3,632 ,741 : principal and int. b y B. & O., $11,000,000 are reserved to retire at m a
turity the B. & O. S. W. firsts; $1,500,000 to retire a like am ount o f
additional claims, about $ 500,000; pay rolls fo r February, $866,801; By
di O. S. W. Terminal fir s ts ; $20,500,000 were to be issued in e x
total, $4,999,542 (of w hich $2,847,680 remained unpaid May 1) ■ due change
Ohio & M ississippi bonds o f the several issues and the p re
receivers for disbursements, $808,072; negotiable paper, including ferred sfor
to ck ; and $4,500,000 w ill be available fo r im proving the Ohio
endorsem ents, $9,500*000, for which are pledged substantially all the
&
Mississippi
and fo r other purposes. The total m ay he increased by
c o .’s securities, est. at $18,000,000. V. 62, p. 1039: V. 63, j). 1062
The report o f expert accountant Little dated July 11, 1896, was issu eof fou r p er c en t bonds fo r terminals, double tracks, equipm ent, etc.
The
incom
e
m
ortgage 5 per cent gold bonds (Farmers’ Loan A T. Co.,
quoted in V. 63, p. 1009,1062. It estimates that from Sept. 30 ,188 8
trustee) are non-cumulative. Series A ($8,750,000) are prior to B ($10,to Nov. 30 ,189 5, the com pany’s profits were overstated by $11,204 - 000,000)
fo
r
p.
A
i. In Ju ly, 1897, $8,651,000 series A had been listed
859 through a mistaken m ethod o f accounting, but shows * ia t never
theless there was a profit over fixed charges, excluding dividends on N. Y. Stock E xoliange; series B listed, $9,655,000.
Interest
dividend
o f 2% per cent was paid Nov. 1, 1895 on “ A ”
(amounting to $300,000 on 1st and 2d preferred stocks), as fo llo w s : ’
For year ending June 3 0 ,1 8 9 5 , $ 5 ,956 ; fo r 1893-4, $286-575; fo r incomes; this is the first paym ent since the consolidation.
E arnings.—2 mos., >1897.........gross, $1,126,654; net,
$142,783
1892-3 deficit o f $62,725; fo r 9’months to June 30 ,189 2, & deficit o f
July 1 to Aug. 31. (1 8 9 6 ..........gross, 1,032,090; net,
306,758
$486,651; fo r year ending Sept. 3 0 ,1 8 9 1 , surplus o f $974,544 and for
1889-90 a surplus o f $1,085,225.
G en eral F inances .—Though this com pany is controlled b y the B. &
Editorials iu the Ch ronicle , however, on pages 1040, 1092 and O., which went into receivers’ hands Feb. 29, 1890, the B. A O. S. W.
1135 o f Volume 63, give reasons fo r believing that Mr. Little was was n ot affected by that receivership. V. 62, p. 455. In February,
muoh too drastic in his treatm ent, and that the real profits were 1896, $700,000 consol. 4Ljs were issued for im provements, etc. The
greater than he states. On the other hand, when considering the com O. A M. first consols 6s and 7s due Jan. 1, 1898, are being extended
pany’s condition,! t should bo remembered, os stated iu V. 63, p 901 for 50 years at 4 per cent, effecting a saving o f about $200,000 per
that when the receivers took possession much o f the equipm ent w a ’ annum—see V. 64, p. 1223. Loans and bills payable June 3 0 ,1 8 9 6 ,
ou t o f repair, also that the fixed charges fo r the year ending June 30 8 w ere $129,616.
K
O cto ber ,
KAI LEO AD
180’ .}
STOCKS
AND
RONDS.
15
T tm u coa u ta
\Lakc
EdmundMorc
jfireeu Elver
Clairs
irand Falls
CARIBOU^
.roostook Jc.
Andover
^VPresque Isle"
.SHLAM
yueitiivhx^’.
I
-Bath
Q
1
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BloineW* |
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mJyvmeA
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ft
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IR O N W O R K S ^
GREENVIL1
Meadows]
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r OJmnsfm
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;in*fWd 'IfBolen.
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feavuem y /
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BorwIWdwalii
Bn»k.»
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-U**d
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w*wy
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Hftftf.vrd
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--// > A , /
V
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Brtfetfon i«
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PORTLAND
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-
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<C
£tinab*ih
MA
OF THE
BANGOR & AROOSTOOK
RAILROAD AND CONNECTIONS.
16
INVESTOES;' SUPPLEMENT
V ol. LX V
S u b scrib e r* w i l l c o n fe r a g r e a t f a v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d is c o v e r e d In th e se T a b le s .
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or
A m ount
pal,W hen D u e.
of
Par
Outstanding Rate per When W here payable, and by Stories—Last
of
F or explanation o f colum n headings, &c., see notes
Road. Bonds Value.
cent.
Payable
on first page o f tables.
Dividend.
Balt. & Potomac—IstM . (tun.) gold, s. f., not dr’nx.o"
1st M., road, guar., gold, sirik.fd., not drawn. ,x o ‘
Consolidated m ortgage for $10,000,000, gold-.o*
Bangor <f A r.—1st M.S3,360,000($16,000p.m .) g.o*
2d m ortgage, $1,050,000 ($5,000 a mile), g o ld ----B ang.&Pisoata.—Pref.M . Green E x t.,‘‘ assumed.”
Bonds held by City o f B angor, $600,000 are 6s.
Bath if Uammondsport—1st m ortgage, g o ld ............
Seoond m ortgage, gold...............................................
Beech Creek—Stook (guaranteed 4 per oent by end.)
le t M .,g,guar.p.& f.(end.)................................... o*r
2d M. for $1,000,000, g old,guar. p. <&i. (end.).eAr
Clearf.BUum.Coal 1 stM .,lnt.gu.by Bh. C r .,f ” BellaireZanesvilled Gin.—P rlorllen mort.,red.
1st M. ($262,000 reserved for prior lien bon ds). .
Belt KB <£ Stock Yard o f Indianapolis—Stook........
Preferred stook ...........................................................
le t m ortgage for $1,000,000, cu rren cy .................
Belt Ity.—1st M. (red. art. July 1,1903) g. U c l l a . c
2d SI., Income to July 1 ,1 9 0 3 , when red. atlO O .
Belvidere Del.—Stock *4,000,000...............................
1st m ortgage, extended In 1877, guaranteed....(
Cons.mort. i guar, by United Co's & Pa. R R .,s.f..i
of 18 75.. I guar, by United Co's & Pa. R R ., s. f..i
$4,000,000 (.issue $600,000 reduced by s. f ....... i
Bennington & Rutland— 1st mortgage. (See text).
B erkshire S B . - Stock, $600,000..............................
Bloomb. <£ Suit. B it.—1st M., $600,000 (dr. at par)i
Boston if A lbany—Stook ($30,000,000 authorized).
Bonds (not mort.) Issued to State forits sto ck — :
Plttstleld & North Adams (leased) stock.
1871 $1,000 n $ 1,500,000
6 g. J. & J. Balt. Office and London.
1,000 n 3 ,000,000
1871
do
do
6 g- A. & O.
1.000
1889
3,000,000
5 g. J. & J.
do
Calvert 8t.
1893
1,000
3,360,000
5 g. J. & J. N. Y ., Guar. Trust Co.
1895
See text.
5 g. J. & J. N. Y .U .S .M tg e.& T . Co.
77 1883 500 &c.
300,000
5
A. & 0 . Boston, Merol. Nat. Bk.
1,000
77 1869
925.000
6 & 7 A. & O.
Bangor, Me.
1,000
10 1889
100,000
New Y ork City.
5 g. J. & D.
1,000
10 1893
200,000
do
do
5 g. A. & 0.
50
150
4
5,500,000
Q .- J . N. Y ., Grand Cent. Sta.
1,000
150 1886
5,000,000
4 g. J. & J.
do
do
1,000
150 1892
500,000
5 g. J. & J.
do
do
1891 100 &c.
803,100
4 g. J. & J. N. Y ., K nickerb’r Trust.
1,000
__ _ 1889
216,000
J. & J. July,’ 94, ooup.lastpaid.
6
1890
1,000
1,138,000
4
J. & J.
50
....
....
1,000,0 0
Text. J. & J. [ndianapolis, Co. office.
50
500.000
6
do
do
Q .- J .
___ 1881
1,000
1,000,000
M. <fc N. Phila., W. H. Newbolds.
6
25 1895
275,000
4 to 5 J. & J. Balt., Mere. Tr. & Dep.
25 1895
24,000
4
50
1,253,000
1,000
64 1853
1,000,000
6
J. & D. Philadelphia, Pa. RR.
1,000
67 1885
500,000
M. & S.
4
do
do
1,000
67 1887
749,000
4
F. & A.
do
do
1,000
67 1893
526,000
4
j. & j .
do
do
59 1877 •1,000
475,000
M. & N.
7
New York.
100
Q.—J.
600,000
6
30 1889
599,000
5
J. & J.
See text.
___
100 25,000,000 8 in ’96. Q .-M . Boston,Of.Kneeland St.
389
1882
3,858,000
O
A. & 0 .
do
do
1893
___
3,627,000
4
A. & 0.
do
do
100
19
450,000
J. & J.
5
do
do
4.Q —
100
750.000
7
J. & J.
do
do
1%
90
92
211
A n n u a l R epo r t .—1
T he fiscal year ends June 30. R eport for 1895-6
was given at length in V. 63, p. 1006,1020.
Interest,
Balance,
Net
Other
Tear end.
Gross
earnings.
income.
taxes, etc.
surplus.
Ju ne 30. earnings.
.........
$1,846,903
18 97....... $6,108,013
2,170,070
$9,598
$2,115,779
$63,889
1896....... 6,458,395
2,305,931
2,250
2,096,125
212,056
1895....... 6,323,036
2,296,195
4,818
2,016,583
284,430
18 94....... 6,260,197
The oharges for 1894-95 inolude Interest on debt, $1,761,486; taxes,
assessments, etc., $274,639; rental B. & O. S. W. Terminal Co., $60,000.
— (V. 64, p. 180, 60 9,10 87, 1223.)
Ju ly 1, 1911
Apr. 1, 1911
July 1, 1929
Jan. 1, 1943
July 1, 1945
Apr. 2, 1913
Apr. 1, 1899
June 1, 1919
A pr. 1, 1923
Oct. 1, ’ 9 7 ,1 %
July 1, 1936
July 1, 1936
Jan. 1, 1940
Ju ly 1, 1899
Jan. 1, 1940
(1)
Oct., ’97, 1%
A pr. 30,191 1
Ju ly 1, 1945
1903-1945
June 1, 1902
Sent. 1, 1925
Feb. 1. 1927
Jan. 1, 1933
Nov. 1. 1897
Oct., ’97, 1 ^ %
Jan. 1, 1920
Sep. 3 0 .’97,2%
Apr. 1, 1902
Oct. 1, 1913
J ’ly 1,’97.212%
J ’ly 6 ,’97,3is%
year, $131,604. Iu 1895-6 gross, $1,375 ,939 ; net, $718,350; charges,
$3 67,4 73; dividends, $ 2 20,0 00; bal., surplus, $130,877.—(V. 63, P.
7 5 3 ; V. 65, p. 7 2 7 ) .
B e 11a i re Z a n e s v i l l e Ac C i n c i n n a t i B y . —Owns Bellaire, O., to
Wilhelm Station, O., 102 miles, three fo o t g a u g e ; Muskingum County
Railroad, Wilhelm to Mill Run, 9 m iles; traokage B. & O. RR., Mill Run to
Zanesville, 1 m ile; total operated, 112 miles. A consolidation in 1882
and reorganized in L889. R e c e i v e r s h i p .— In June, 1895, General
M anager J. K. Geddes was made receiver, interest due Jan. 1, 1895,
on the prior lien boDds being in default. F oreclosu re suit brought iu
August, 1895, but no further action taken to A pril, 1897. V. 61, p.
239. Stock is: Common, $ 8 32,0 00; preferred, $ 7 9 5 ,9 1 0 ; par $50.
B a l t i m o r e Ac P o t o m a c R B . - Owns from Baltimore, Md., to In year ending June 3 0 ,1 8 9 7 , gross, $9 8,25 0; net, $3,096. In 1896,
South End Long Bridge, Va., and branch, 44 m.; and from B owie to gross, $98,853; deficit under op eratin g expenses, $3,696. In 1894-5
Pone’s Creek, 49 m.j total, 93 m iles—including tunnel in City o f Balti gross,$94,223; net, $1,000. In 1893-4 gross, $97,044.—(V .61,p. 26, 239.)
m ore; leases branch 4 m.; total 97-miles. Controlled by Penn. RR. Co.
B e l t R a i l r o a d Ac S t o c k Y a r d o f I n d i a n a p o l i s . — Owns 1 4
Sto ck .—Oot., 1895, $4,914,250 (par $50), o f w hich Penn. RR. owns miles o f belt road, etc., at Indianapolis. Leased fo r 999 years to In
$4,081,100 and Northern Central $622,850.
B o n d s .—Consols are dianapolis Union—which see. Stock i s : Common, $1 ,000 ,000 ; p r e
reserved to retire all the prior bonds as they mature. The Urst m ort ferred 6 per cent (lJa per cent Q.—J.), $5 00,0 00; par, $50.
gage bonds are guaranteed by P ennsylvania RR. and Northern Central,
D iv i d e n d s — Since 1894: On preferred in full. Ou common, in 1895,
E a k n in g s .— In year ending Oct. 31,1896, gross earnings, $1,882,981; Jan., 3 ii. e.; July, 2 p. e.; in 1896, Jam , 2 p. c.; July, 213 p. c. In 1892
net, $535,904; interest on bonds, $420,000; interest on equipm ent, the com pany stated that the “ com m on stock had not xiaid less than
rentals, etc., $119,479; balance, deficit fo r year, $3,575. In 1894-95, 3 p. c. semi-annually (J. & J.) and at times m ore fo r past fifteen years.”
The $500,000 6s o f 1876 due Dec. 1 ,1 8 9 6 , have been paid, leav in g the
gross, $1,974,671; net, $619,524.
6s o f 1881 a first lien. President (March, 1897), A . W. M insball o f
B a n g o r A: A r o o s t o o k I t 1C.—(See Mop.) O w n sB row n villetoH ou l- Terre Haute, Ind.—V. 63, p. 153.
ton, Me.. 94 m ile s; Houlton to Caribou, 61 miles, with branch o f 13 |
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 m i . ) . —Owns 25 m iles o f
m iles; branch, Oakfield to Ashland, etc., 52 m ile s; total, 220 miles. It
operates under 909-year lease (terms V. 56, p. 20 4); the B angor & Pis belt railroad in Chattanooga, Tenm, conneoting lines entering that
cataquis RR., Oldtown to G reenville (Moosehead Lake), 77 m., with its
H is to r y .—A reorganization o f Union Ry. foreclosed June 1 7 ,189 5.
leased line to the Katahdin Iron Works, 18 miles, and has assumed Leased till July 1 ,1 9 4 5 , to A labina G reat Southern RR.; rental guar
B angor & Piscataquis bonds. Total operated, 315 miles.
anteed to m eet interest ou 1st M. bonds, taxes and m aintenance.
O r g a n iz a t io n . Organized Feb. 13,1891. From Houlton to Caribou S t o c k is $300,000, o yned by 41a. Great So. Ry.—V. 63, i>. bog.
B o n d s .— First m ortgage fo r $300,000, bears interest at 3 p. 0. fo r 2
opened Jan. 1 ,1 895 ; from Oakfield to Ashland Jan. 6,1 896 .
The oharges and rental o f the Bangor & Pisoataquis, leased from City years from July 1 ,1 8 9 5 , 4 p. c. fo r 2 years m ore and 5 p. c. thereafter.
o f Bangor, are $83,950 per annum. The State o f Maine refunds 95 per
E arnings .—For year ending June 30, 1896, gross, $3 7,97 8; opera
cent of all taxes levied on road and leased lines. In addition to the ting expenses, $39,272 ; deficit, $1,294, ow in geb iefly to extraordinary
proceeds from bonds $5,500 per m ile, derived principally from sub r e p a irs —V. 61, p. 112, 61 0; Y. 63, p. 356, bgg.
scriptions to preferred stock, have been spent on construction.
B e l v i d e r e D e l a w a r e U R . — Owns from Trenton, N. J., to M aS e c u r it ie s .— Common, $1,050,000; 10,400 shares full paid and 100 uunka Uhunk, N. J., 67. in.; Fleiuingtou RR..&0., 14 m.; operated c u t o ff
shares, 5 per cent paid; preferred, 5 p. e., non -cum , $1,100,000—paid 1 in.; total operated, 82 miles. Leased to United Companies, and trans
in. $1,056,407; par $100. Stockoutstanding June 30, 1897, $2,111,- ferred to Penn. R R . March 7 ,1 8 7 6 . Net earnings paid as rental. The
723. Second m ortgage bonds fo r $167,000 had been sold to Jan., first mortgage 6s o f 1853 and the $1,249,000 4 per cents o f 1885-7 are
1897, and $883,000 were held as collateral by the A roostook Construc guaranteed by the United Companies, and their guaranty assumed by
tion Co., m aking total outstanding $1,050,000; those held by the Con the Penn. RR. under its lease. Bonds o f 18 85,1 887 and 1*93 are se
struction Co. can only be sold to pay any excess o f cost o f road over cured by the eonsol. mortgage o f 1875 fo r $4,000,000, which provides
first m ortgage bonds and stock subscriptions. Car trust o f 1897 covers fo r a sinking fu nd o f 1 per cent o f outstanding bonds if earned. In
598 c a r s ; trustee is Guaranty Trust Co., New York.
1896, gross, $1,000,317 ; net, $203,938 ; interest, etc., $192,325. In
A n n d a l R e p o r t —F o r year ending June 3 0 ,1 8 9 7 , gross, $754,780; 1895, gross, $1,124,214; net, $313,791. Dividends (6 p. c.), $69,000.
net, $293,666; charges and taxes, $274,708; bal., surplus, for year, Dividends of 6 per cent have been paid. On consolidation in March,
$18,058 In year 1895-96, gross, $699,662; net, $256,480; rentals, 1896, the authorized capital stock was increased from $1,150,000 to
$ 8 3 ,9 5 0 ; taxes, $1,223; Interest, $150,518; halanco, surplus, $20,789. $4,000,000; outstanding in June, 1897, $1,253,000.
3 ( V . 62 pi. 4 5 4 ; V. 63, p. 153.)
B e n n i n g t o n Ac R u t l a n d B y . —R utland to Bennington, Vt., and
B a t h Ac H a m i n o n d s p o r t R R . - O w n s road from Bath, N. Y ., to branch, 59 miles. Organized in 1877. Capital stock, $1,000,000. First
m
ortgage 7s fo r $475,000 due Nov. 1 ,1 8 9 7 , are to be paid.
H am m oudsport, N. Y ., 10 miles. Chartered In 1872. Stock , $100,000;
nar, $100. E aknings .—For year e n d ii* June 3 0 ,1 8 9 6 , gross, $35,298;
E arnings .—Y ear ending June 3 0 ,1 8 9 6 , gross, $241,013; net, $78,net, $15,535; Interest, eto., $15,449; bal., sur. fo r year, $106. In 1894-5, 193; interest, $33,250; taxes, $6,621; dividend (June, ’96), $30,000;
bal.. surplus, for year, $8,321. Iu 1894-5, gross, $224,622; not, $47,717
gross, $34,809; net, $17,381; other incom e, $422; charges, $16,489.
B e e c h C r e e k R B . - (See Map adjoining N. Y. Central.)—R o a d —
Jersey Shore, Pa.,to Mahafley,113 m; branohes, to Philipsburg, to mines,
<fec., 37 miles; total, 150 miles; traokage to Williamsport, 16 miles, and
to Patton, eto., 26 in.; total operated, 192 miles.
L e a s e , & c . — From October 1, 1890, leased to the N. Y. Central &
Hudson R iver RR. for 999 years at interest on bonds and 4 per cent
on stock. Carries m ostly ooal and coke; iu 1895-96, 3,201,059 tons out
o f 3,399,894 total tons m oved ; in 1894-95, ooal and coke, 2,968,004
tons. The operating expenses are relatively low since the trains carry
exceedingly heavy Toads o f freight, the average per train in 1895-96
b e in g 593 ton s; iu 1894-95, 575 tons. A verage rate per ton per mile
0-38c. iu both 1895-96 and 1894-95. See guaranty V. 52, p. 570.
St o c k a n d B o n d s .— The bonds are endorsed with the New York
Central's guaranty o f principal and interest. See V. 52, p. 570. In
June. 1892, stockholders authorized the issue o f $1,000,000 new second
m ortgage 5 p er cent bonds and $1,000,000 new stook, both guaranteed
by the New York Central. These securities will be issued from time to
tim e to pay for extensions reaching undeveloped coal fields. In
June, 1890, $500,000 o f these 5 jier cents and $500,000 o f stock
uad been issued to pay for extensions, etc. Equipment trusts (5 per
cents) June 30,1897, $111,000, Interest payable at Knickerbocker Trust
Co., N. Y.; also $408,000 o f 4L] per cents o f 1895. The Clearfield Bitu
minous Coal Corporation has capital stock, $825,000 and bonds author
ized, $825,000; retired by sinking fund t o June .10, 1896, $21,900.
ANNDAL REPORT.-Fiscal year ends June 30. Statement for 1896-7
was in V. 65, p. 727, showing gross, $1,416,979; net, $ 755,372; interst rentals, eto., $403,768; dividends, $220,000; balance, surplus for
B e r k s h i r e B R . —W est Stoekbridge, Mass., to C onnecticut State
Liue, 21 m iles. R oad opened 1842. Leased A p ril 1 ,1 893 , for 99 years
to N. Y. N. H. & H. RR. fo r expenses, taxes and 6 p. c. 011 stock. Old
lease to Housatoiuo RR. suspended but not canceled. Capital stock
$600,000 (par $100).
B l o o m s b u r g Ac S u l l i v a n R R . — Owns road from Bioom sburg t o
Jam ison City. Pa., 30 miles. R oad built in 1887 and 1888. Stock is
$6 00,000; par, $50. Sinking fund for firsts is $5,000 per an nu m ;
bonds can be drawn at p ar; trustee Fidelity Ins. Trust & S. D. Co .
Philadelphia.
First m ortgage interest due July 1, 1896. not paid, and to p ro v id e
funds for rebuilding bridges, etc., a com m ittee o f bondholders in D e
cem ber, 1896, proposed to fund Urst m ortgage coupon of Ju ly, 1896,
and January and July, 1897.—See V. 64, p. 133.
E a r n in g s .— Year ending June 30 ,189 6, gross, $58,666; net, $28,209,
against $30,263 iu 1804 9 5 ; taxes and interest, $37,231.
President, C. R. Buokalew; Vice-Prest. aud Treas., Samuel W igfall
Bioom sburg, Pa. V. 63, i>. 115 ; V. 64, p. 133.
B o s t o n Ac A l b a n y R R . — Owns from Boston, Mass., to A lbany
N. Y. 202 miles; numerous branches, 104 miles; leased lines, 83 milestotal operated, 389 miles. A consolidation o f December, 1867
This road owns *100,000 stock (out of $500,000) o f the B oston T er
minal Co. and, with others, will use the new Union Station in B oston
when.comxileted. (V. 62, x>. 547; V. 63, p. 308.)
STOOK—In 1889 obtained permission from the Legislature to issue
$10,000,000 additional stock, $7,000,000 being fo r bonds due iu 1892
the remainder fo r improvements.
.RAILROAD STOCKS
October, 1897, J
AND
BONDS.
17
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g im m e d ia t e n o t ic e o f a n y e r r o r d is c o v e r e d i n th e s e T a b le s .
RAILROADS)!
|
i
Miles: Date Site, or
F or explanation o f colum n headings, A c., see notes
of
on first page o f tables.
Road. Bonds Value. O
INTEREST OR DIVIDENDS.
^
L
A
Where Payable, and bv
Wliom.
Bonds—Prrne pal,When Dae.
Stocks—Last
Dividend.
Bottom * Lowell—S to ck ..
$100 $6,529,400
8
J. A J.
Boston, at Office,
July 1,*97, 4%
B on d s,n o t m ortgage..
1879
620,000
5
J. A J.
do
do
July 1, 1899
Bonds,
do
1883
250,000
4>s
m . & s .:
do
do
M ay 1, 1903
Bonds,
do
1885
3,075,000
4
Various
Boston A Maine gives
do
do
1905-6-7-9
Bonds,
do
1892
1,000
1,000,000 !
4
A. & 0 .
a rental guarantee
do
do
Apr. 1, 1932
Bonds,
do
cv.
1893
1,000
1.000,000
4
F. & A.
fo r 99 years.
do
do
Feb.
1, 1913
Bonds,
do
e*~
1894
800,000 1
4
IM. & S.
do
do
Melt. 1, 1915
Bonds,
do
1896
1,000
950.000
4
A. A O.
do
do
i July 1, 1916
Salem A L ow ell bon ds.
226,900
6
A. & 0.
do
do
Oct. 1 ,1 8 9 8
Nash. A Low plain b ’ds
1880
100.000 ■ ■5 ■e .■ J.
■ ■a ■ j . Nashua, Co.’s Office.
July l . 1900
Boston 11 Maine—Stock, com m on and scrip ..............
100
18,739,200 6 In 1897 Q .- J .
Boston,
at
Office,
O
e
t.l,’97,11a'
Preferred stock, 6 per cent, non-cum nlative.........
100
3.149,800
6
M. & S.
do
do
Sept. L ’ 9 7 ,3 1
Improves),’ : b o n d s ,».
n ot tnort. o r snbj. to call
1885
1,000
1,000,000
4
F. & A.
do
do
: Feb. 2, 190,.
Im provem ’ t bonds, s. f n o t niort. or subj. to call
1887
1.000
500.000
4
F. A A,
do
do
! Feb. 1, 1907
Im provem ent bond*, not m ortgage........................
1887
1.919.000
4
F. A A.
do
do
i Feb. 1. 1937
Bonds m ot m ortgage) for imp. S r ef.......... ,..,.-.tr
1892 lOOOAe.
F. & A.
2.500.000 ;
4
do
do
Aug. 1, 1942
Bonds, not m ortgage, gold.............. ..................c * r
1894
1,000
6,000,000
4*3 g. J. A J.
do
do
Jan. 1. 1944
Eastern R R .e e n s.o f m d e b tls tM ,, g.#.f.,n otd ra .ei
1876
$A£
8.558,280
6
g.
Ml
A
B.
;
Boat.;
Lond.,
Baring
Br.
Sept,
1. 1906
Portsm outh Great Falls A Conway, 1st tn ort.. . . r
73 1877 500Ac.
998.000
4 t j J. & D.
Boston, at office.
June 1, 1937
Charleston land m ortgage notes...................... .......
597,800
S
e
p
t
1
, 1906
Boston <t Pro*.—Stock. 10 p. e. guar. 99 yra., Old Col. *68
100
4,000,000
10
Q .- J .. Beaton, Of., Sears Bldg. O c t , '97, 213%
Bonds, n o t m o rtg a g e ..,....... 1........ .............. .........<*’88*93 1,000
2.170.000
1
J.
A
do
do
July
1,
1918
Bheton ketere -Beach <$ Ly»i »•—S t o c k ........................ i
100
850.000 2 !u 1897 J.
J.
Boston.
July 1, >97.1%
New 1st m ortgage. $ 1 ,000,000. gold ..............e ’ .tr
1697 lOOO&e.
561.000
4
’
eg.
J.
J
.,
Boston,
State
St.
Tr.
Co.
"
j
ulyT
5
,1
927
Boston Wtotfcrop & Shore 1st niort assumed .
8 1886
1,000 i
289.000
M. A 8d»
S e p t 1, 1906
Brooklyn Bath 11 W at End—S ek R a w e r K m i r A L
B rooklyn a Brighton Beach— Isa m ortgage............ e
7>a 1837
1,000
5
500.000
M. A S. M ar.,'90,pd. Mar. 24,'96 Sept. 1, 1927
Incom e b on d s.....................................................................
1895
39-1,500
6
................
S e p t 1, 1935
Brooklyn Elevated—See S treet R a il w a y SCp p l e 'want.
B r o o k ly n * Rockaway Beach.—1«t M., $330,000,g . c ' { 3 h 1891
338.000
M. A N.
Brooklyn, X T .
: May 1, 1931
Buffalo Creek—1st m ortgage............................... . . . r
6 1802
1,000
250,090
6
*
’
J. A J. N. Y., Fanners’ L.
I A T r. Jan. 1, 1907
Consul. m ortgage forT O ; ,000g o ld .................. e*
6 1891
1,000
238.000 ;
6 g. J. A J.
do
do
j Jan. 1, 1941
i.ooo :
in
inytbES!)* -C ash dividend* at the rate o f 8 per cent yearly have (men I Year Ending June 3 0
p aid for many yearn. M ock dividend, 10 p, c. In 1883 »ud 3% p. c. lu 1886. ! Mile* o p o r a t o l . . 7 . ............
B o g c # .-N « w fmnds for 4.1,OOOJgX) were a u tb o m e d lu S e p t, 1893
V . 5<, p. 547, o f which In Ju ly, 1895, $3,627,000 bad been tamed.
1 s n -*
1 719
Passenger department.*.*.*.*.'.*.*.* $ 8,533,278
1 reight departm ent....... .......... 9,975.436
Malls, express, e tc ..................... 1.0-12,973
1896.
1,717
$9,099,273
10,343,123
1,017,693
1895.
1.293
$7,754,998
8,271.862
862.453
AVttVht, R kjsist .—F weal year ends Jtrae 30. Report for 1896-97 was
t n V. 6 5 , p. 275.
- T» t a l ..........................
$19,530.6*7 $20,480,091 $16,892,313
Oper. expenses, e xcl. t a x e s .. . . 13.609.100
Year o u tin g June 30—
1897.
14,547,693
1896,
1805.
11,794,528
Gross earnings......................
*9.114,825
$9,350,632
9,130,866
Net earnings.......................... $5,947,581
S e t ea r n in g * ,........................... t . i v . i o
$5,012,398
*2,438,767
2,551.50t?
$5,097,785
Interest paid................................ $337,980
$6,597,361
$337,980
$453,150 Net, Includ. other incom e.......... $0,638,983
$5,705,539
R ental#........... ...............
78.000
.........................................
1,104.720
1,098,896
7.8,000
1,105,890
78,000
Dividend* 18 per cent)........... 2,000,000
3.140,910
2,000,000
•2,396,210
2,000,000 Rpn t»l*........................................... 3,208,012
T a k e r .-.-.......................................
0x8.348
981,854
824.572
D ividends.....................................
1,234,002
Balance, surplus,........................
$40,570
1,231,002
$22,787
1,233,997
$20,336 Sinking
fu n d ................................
68,001 _____ 72,633
—<V. 63, p. 2 8 7 , 3 0 8 , 837; V. 64, p. 286, 9 5 1 : V. 65, p. 193, 2 7 5 .)
7*2,749
$35,294
I lo a t n n A L n w e l l K i t . —R .,« ir -O w n , Boston to la,well, 27 miles Balnnee, su rplus..........................
$71,460
$72,285
b ia n o lie j—Salem and L ow ell, 1 7 o 1m ; Lowell and Lawrence, 12 mile*
-(V . 64, P. 329, 951; V. 65, p. 325, 5 6 5 .)
other*, 32 m ile*; Middlesex C e u tr a l.lt tulle*; teaw« - Manchester A
B
o
s
t
o
n
i
t
e
v
e
r
e
R
e
a
c
h
A
i
.y
m
t
H
i
t
.
—Owns
nnrrow-gauge
rond
Keene KB., 29 mile* (owned Jointly with C oncord A Moa. KR 1 central
Maaaachnaetta, KM m ile*; Connecticut A PaMuinpale, 147 lullna; total tram Lynn to East Boston, Mas-*., 9 mil*--,, connecting with Boston bv
leased. 280 mile*; total owned and leased, 369 mile*.
W l«!m 2n * i':r r u
1,
Winthrop A Shore Div.. E ast Boston to
for s ? miii foio1 t e ’ wlth b r » n e h e « il miles. T h e m ortgage o f 1897 Is
t.B »*►;*.- t .e ;,—d lu 1887 for 99 year* to the Boston A Maine at 7 m t ; " T f l.WW’OOO .trustee, State s>t. Triwt Co., B oston); bonds to hear Ineaot per annum « » stock till and including January, 1497, dividend torest at not C*e.;e.ting 5 per eont: f2 8 9 ,000 reserved for Boston W. A
and H per cent thereafter; dividend* July, I«vi7, being 4 p, 0.
f
*2f I t w o * .—Stodc authorized, $<1,529,100. The debenture*
w m o n S i .r 0 SSfo -• su re i.e n v .sr or A pril. 1895. In March,
f ^ W .000 o f mUUUmmt *tm k w m mxhnri m*l tar mml mtmte pur*
■ehmm m d ta tm k n up »
$ 100,00 0. T&© 20-rm ^ mirrwoev
E* K!tt.'-.>». - T e a r ends June 30. Report fo r 1896-7 In V. 65, p. 568.
01, * In 1 Dee.,
? I *■.«.
* wa*
’ ,8 9authorized
« * to
Uke
amount
oo ff «« ** d
du
u e* o» n
n tS
h af t' ddate.
Urn Issue
of , J fn ’ nd
'Iron*
Xet, Int. .! tares. D i e .p a i d . B a t., t u r n .
m m ,, <H>4 per cent 20-jpar bon-u to refund $200,000 Low ell A Law
tad-*;
$-*M.530
$80,892
$44,948
$25,500
$244'
■wnm5m «l«©Out* 1, 18®?,—(V. m f p, 4l.>
8 1.095
54,530
34,000 d ef 3,541
l o o ’s u*....... ...
1894 J o .......... 280.324
100,704
50,373
34,000
10,-122
B o s t o n Sc
!* « ,- B € > 4 i > - T b e *?■««& Ittetud**:
—(V. 83, p. 7 1 « , 837, 870, 087i V. 64, p . 1000; V. 65, p. 68, S 6 8 >
L in e s »icn ed
M iles.
m
,
Milee
Bo*ton,M«*8.,*oPortlan<L5fe. 1 i»i T otal operated July 1, ’ 9 7 , ..1 ,717
B c a u l e b o r o A U l .l i . I .a ll H i t . -M o o d from B rattleboro to
Boston to N, H. State U d *.
41
Double tra ck ....... ................... :jio a »«t,i Londonderry, \ t „ 30 mile*. D ared from 1880 to New London
Conw ay Juotv, Me., to North
Nurthern tor <»,» year* m an aiiuoal minimum rental at $9,600; onerConway, N. H .......................
73
Me. Cent, (which *ee).822 atcil dime tx$3 by cen tra l Vermem . N ew L ondon Northern ow n * all
Sundry branch*,*..................
140 Control*
the bonds. Capita! *t«*-.k l. $200,000,
Portion*! A R ochester............55
Lines leaned.
St.Johnabury A Lake Champ. 1 3 1
C oncord A M ontreal............. t t i
1 ork H arbor a R e a c h .......... 11 . ., * r " ‘‘ k ^ .t' * B r i g h t o n He .sell K i t . —Owns d o u n e -tr so k road
' v;*’ *’;,rn‘W Franklin A v e „ B rooklyn, to - iglitoi. lea oh ,
Boston to Sherbrooke, C an,. . 290
Vermont V»l. o f 18 71,,
24 i
7;
hf ' ; , to duly. 1 8 0 ,, train* belonging to this eom p tn y were
O ther branobe* leaaed............ 643
Sullivan C o u n ty ..................... <26 dlecontinui-.l.
the Kings County Elevated trains only being run over
The leased Unes tnelnde: Concord A M ontreal, leased Jrroe 2 9 .180 5
the rea l. LeurgnnlrnMns after foreclosure t October. 1887. Elevaf ' “ tjrtd o f Ma«a., Nashua A LoweU, Northern o f N. It! l ! , ,icV;i,,sl'>” " » $ ran kiln Ave. w a* loured to the. Kings County Elevale **e*»e<,reacht m
com
o
u
t
?
?
h
0,11
er‘
C
o
n
n
e
ctlcu
River.
e
t
o
.-fo
r
tern.*
of
te d ln lel.rim ry.lgO O . Through tra>* * are rim fr* in Fulton Ferry to
m pm xj.
Brighton Beach. 4. 63. ). 754. Sto - k .—Com m on, $500,000; preferretl.. $500,1)00. 8 took »**.-»,ed 3)4 .
lu 1893.
P asSra'pItfhS'Zl i ? S '
voasoitdatiou wa* m ade w ith the
B*i m ,s, Etc - On July 1,1898, loans and bills payable w o re $49,070.
f*nu 0
V LVlwtt^
Tort*mouth Great Falls A
In V, 50, ». Tr8%. Jstli* 20, ts05 tin* ('mu-anl A
",
■ <1 < ■ntr.,1 Trust Cn., N. Y., March 24, 1X96. Sept'.,
IS iV lT h 1
/ ’if, 91
see v f 61, p. 513. From Jan l.
1896, eonpnus not paid tn Oct. 20, t*07.
*-*'<•.
1 An ^ . m e n t ' S u h v v ' v *
tor 99 year*. V. 36. p. 245.
m
A
w
.
division o f territory
E ak visos . - V etirending June 30. 1896. gross, $67,804; net, $8,590;
h i lTriK*ooC° r n n ' l ' m ' k, “ E5hoH,* S i; $18,754,200; preferred *tock
* to ik "d l“ ereb at,l,par<!' f v 'X V ?
'V m ortgage t r a W e i I t
L.t*torn UK. an d$ 3 , 0 .2(g) by B. * M. J u n o 30 ,189 6, d rew n odivtdend*.
D m D r x t w .—O n jm e fe rre d . In fu ll t o d ata.
On com m on, j ■ » / <88 •«() <sh)
*9) *90 *93
•94 to O c t , ’97.
since’so, P.C., l 10 9 0
9^ g g ”
6 yearly.
H**vi,y.-A« to debenture*sec Surrr.Bg* * t of April, 1895.
g u a 'r a n 'r J c r 's 7 V r a f?wu,tll«
A U n 'in fcrc,;
d eb t b e d a ll been p ahl ntf.
I* ?,
B. A M.
Johttsbury A L ik e Champlain.
Chester * T l w r n n i . 1? ' ; ? 50 £ " rt,,* ad, * R o ch e s te r a n d $ 2 7 4 ,0 0 0 M an-
-T’ lutly with Maine Central guar-
anises* W - W Porilar*^ Union Bjr* 8lauon linnds,
the
\ L „;
189...
Mo,;''
i S v i t r
w i„
X
^TbeleaseoftheC on. A Mon. In June, 1895, free*
i ,” " 1
in » " "imctiii territory. In 1.*-*-.,
Issued $ 100,000 o f It. new 5* to BosA «;H
I
" c “
debenture 4 , to B. A M. for advances. (V. 61, p.
meeting second Wednesday in October,
r P rt t ^ - O
oper^tlnsr
in h J d M . p. r>«-*, showed results as follows, the
W "9>287, in
$1,080,*
m % , m d *805,147 in * l???'-* 7
T
h
p
iS S S S h
for perm anent iraprormiienta.
a fe ao.Tn
e i f M » n t r e » j are included ir. 1X96 but
*1
e acnl.t y; ,r
• * , »477
. * . w< *ff om
r t .b..C
e R
e a r1 e n dV,i n T
g "J''u n' e A
3 0 .M1 8jC
0 5S gross earntm
ford (elected Sept., 1896). -(V . 63, p. 268, 5 5 0 ,7 5 4 .1 0 0 9 3 '
Vewr v lr e ,>« ' A; ,H ‘ *< R mv, a y B e n c h K it '.- O w n s road from East
w ? m h S ,k IiBr" ? k -V 1 U‘ T an a r* Se Landing. Jamaica Boy, 3 <9 miles (of
which 3 miles double track), and operates ferry to Rookaway Beach.
Operations *nsi«mdc<l during winter months. Rail*. j O-56 pounds
-t<M-l._ ST..CK i- sl.-iO .ooo; p a r,$50. Dividknus .—lu 1890 and 1891.
1W'2. f per c e n fi is o a , 10 per cent: in 1894. (!) per
H . I UT,:',r ” »'lltm ,r,meH(), 1397. gross, $15,082; def. under oner. . ng $h.3».l; other Income. $ b ,«2 «; Interest arid taxes, $ 2s ,293; hul.
dcth-lt tor yenr. 828,000. In 1895-6, gross, $42,407; list, $2,574; other
incom e, $o,043; charges, 824,272; baL, deficit, $16,055.
B m IImI o I i Ile a A 4 r e a d ,- k k .—O wns from A ttica to Arcade,
i
' •.<.r h, .wiles. Successor o f Attica A Preeaom MR., tore«losed
M.iriut 18 If. end made stnadaJd gauge. Connects with Biffi’a lo o v e r
the Eric which supplies most or the equipment. Capital stock autlior' - <ar. $1.0(1 Bo .vds First ...... .
Os o f
JrL’ ‘
,1" five year*.,$ 20,1100; issued, $10,000: second m ortgage,
fI '-’;! 0J** T or year 189o-90, gross, $14,570; dellcft from operating,
S 'o°V , ‘Ir™.* »Md taxes. $2,025; deficit for year, $2,777. Fresidenl,
MViUm,
h . Y.
H u ll'a lo B r a d f o r d A- K l t i s b u r g K K . —Owns from Carrollton,
N. 4 Hi ou csv file, Pa., 26 miles. The Erlo HR. holds fo r it.* new
m ortgage all the $5 30,ooo hoods due Jan. I, 1890, amt $2,189,900 o f
the capital stock o f $2,286,400; pat $100. (V. 02, p, 39.)
B u i n i l o C r e e k K K . —Owns 6 miles o f terminal road in Buffalo,
f • , In Jarmary, 1890, leasoil for term o f charter less one day. pi the
hmumi \ftliey u-ud ihe Krte RR.< which together own entire eanital
si.oi-k o f $230,000. D ividoods in your 1805-0 0 , 7 p. 0,
18
INVESTORS’
SUPPLEME NT
[VOL. LXV,
O c t o b e r , 18S7.]
KAILEOAD STOCKS AKD
BOKD8.
19
Su bscribers w ill c o n fe r a great fa v o r by g iv in g Im m edia te n otice o f an y e r ro r d is co v e re d in These T ab les.
Bonds—P rin ci
INTEREST OR DIVIDENDS.
__________________ --------------------------------------------------SMiles l Data S ue. or
pal,^When Due.
Am ount
F or explanation o f colum n heading, &c„ see notes
of
of
P ar
R
ate
Per
When
'When
P
ayable,
and
by
Blocks—Last
Outstanding
on flrst page o f tables.
Road.: Bonds! Value.
Cent. Payable
Whom.
Dividend.
B u ffa los, r . dE rie—S ee E r ie K a il k o a d .
Buffalo Rochester d Pittsburg—Common stock:.........
$100
$6,000,000
6,000,000
N. Y „ 36 W all Street. A ug.16,’97,1%
ft-ef, stock, 6 per cent, non-com ..............................
1.300.000
E. dt P. 1st M .g old , Rochester to S alam an ca .... <•' 108 1881 ; 1,000
6 * P. & A. N. Y ., Union Trust Co. Feb. 1, 1921
1,000
3.920.000
do
do
R. & P. co n so l m a r t, $20,000 per uiHe.gold, g.c* 276 1882
Dec, 1, 1922
s «• J. * D.
276 1887 ! 1,000
4.407.000
M. & 8.
do
do
B. K. <fe P. 1st genera! M. ($10,000,000) void !
Sept. 1, 1937
N ew York,
: 1897 , 1,000
1.000,000
I s& J
Debentures, $3,000,000, currency,call at 105.C*
Jan. 1, 1947
350.000
1 1889 i 1,000
& J.
Lincoln Park * Charlotte 1st m ore,gold ,gu ar.o '
do
do
Jan., 1939
20,000
& D.
Perry Railroad 1st m ortgage, guaranteed.......
1882
1,000
%*■
do
do
June, 1902
N. Y „ I selln * Co.
5
& J.
R eal estate m ortgage..............................................
301.300
1899
527.000
* D.
do
do
B, R. i P. ear trusts, gold, J tine 3 0 ,1891.............
5
Dec,, '97-1905
B uffalo* South-restem—See R * « : K ailkkah .
1.518.000 5 lu 1397 Jan.
................
Buffalo ■!■ Busquehtmnar—-Stock. $2,000 ,000............
50
Jan. 11,'97,5%
500 Ac.
1.161.500
A. & O. N. Y., H. Fisk * Sons.
1st m.,$2,000,000 g „ s, t,»n l»). to call at par.c’ i r ;
O et„ 1913
100
Burlington Cedar Rapids <t N orth ern -S tock---- Jle]
5.500.000 4 In 189 F. * A. N, Y., Corn Exult Hank. Aug. 2,'97, 2%
100*0.
6.500.000
5
J. * D. N. Y ., Central Trust Co. June 1, 1906
1st m ortgage_______ . . . . . . -------- ----- ------------ .c"<t t
1,000
825.000
do
do
G e t Rap. L’ F. * S. W „ l.-t.M. g.. gu.tr .red, at 105;
Oct. 1, 1920
6 g- A. & O.
1.905.000
1,000
do
do
Consol.1 s t M .,gold,guar. (See text) $4.000,00o <•
Oot. 1, 1921
5 g. A. * O.
i.oooAc
6.425.000
B.C.R.&N. con. 1st M. A col. trust, gold...........e*Ar.
5 g. A. & O.
do
do
Apr. 1, 1934
,500 Ac.
7 g. J. * IX N.Y. Continental N .B k. June 1, 1927
150.000
Mtaneapoii* & S tL o a la .lst in ert, gold (assum ed!
1,000
Busk Tunnel Be.—lo t in e r t, gold, red, at 1 0 5 ....0*
1.280.000
7 g. J. & J. Ju ly, 1896, not paid.
July 1. 1935
100
Butte A naconda <f Fuel tier Stock $1,000,000.------1,000,000
................
i See text.
i
1023
See t e x t
5
i
(1)
1st m ortgage. $ 3 ,0 0 « .0 0 0 ................. - .........
s. 100 £1,121,700 See text.;J. & J. L on.,M ortou,R ose& C o. July 1, 1910
Calgary et Edm onton—1st tnort. 8s, red. at 1 1 0 ----$100 $12,000,000
Cal i form a raeifle—St.xSk........................... . - .............
1,000
2.232.000
1st inert., gold (ext’ d lu 18S7)..................................
•i He- -1• & j . N.Y., S.Pac.Co.,23 B r’d. Jan. 1, 1912
2d M., e o lig n .p .A l., end. b y O n . Pan., ext. in '91
1,000
1.595.000
* j.
do
do
Jan. 1, 1911
500
3d M.. gold, g n a t by Cent. Pac. (S I,000.000arc 3s)
do
do
2.998.500 a g J e l ' i j : * J.
July 1, 1905
50
Oambria & Clear rictd-S vm k, $2,150,000 u u tli....
1,300,550
1,000
1.279.000
5 g. IJ. & J.iPhila., Broad St. Stat’ n. Jan. 1, 1941
1st M. ($2,000,000) g old ........................................ c*
Camden d A Uanlie—Bkfl W are J ERSE! & S ea Situ
25
Camden <t Burlington County S t o c k , 0 p. ct. guar,
881,925
6
.1. * J Phila,, Broad S t Stat'u. July. 1, '9 7 ,8 %
1.000
350,000
4 g, F. * A.
do
do
Feb. 1, 1927
1st tcortg»fte,y.50,«>0«, gold, gn.p,<fc U»y P .R R .o'
j
H u H a lo K o e b r a t r r A P l u s tin r g R a i l w a y . —(Bee l/o p .> -O p e r
B u r l i n g t o n C e d a r R a p i d s Sc N o r t h e r n R y . — Operates:
ate* from Buffalo and Roehe*t«r, S. Y.. to the bitum inous coal regions:
L ines aim ed in f t
Leased—All slock ownedL in ts aim ed in fee—
Miles, i Leased--Entire s f k men'll— Miles. Burlington. la., to state U s e ,
Iow a City * Western R R .,
Iowa City to What Cheer,,fee.
Minn, (less 11 m iles leased)..23 0
B uffalo Creek, N .Y ., to Howard
JJ o b a s o n b o r g * Bradford R R .75
Rapids, I. F. A N. W.,
J n n c .,P a ...........—.................... 811 Howard June, to M t J ew ett. 20 Branches ow ned to P ostvllle,
Holland, la ,, to WutcrUiwn,
Riverside, Holland, etc.......... 204
© ariosi June., to W alston, Pa 66 Lincoln Park & C harlotte......... 10
1
Leased—
So. I>uk., «.Vc,.. . „ ............. 493
Rochester to Ashford. N. Y — 94 Perry H R ......................................
Manly Jo. to N orw ood.............. 11 Ced. Rap. * Clinton RR., J o . 111
F our branches to m ines............ 13 Clearfield & Mahoning—i
CIcartleld to Beech W eek RR , 20 1State Line to Alliert Leu, Minn. 12
Trackage—
Total operated Jan. 1,1 8 9 7 .1 ,1 3 6
Erie—M t Jewett- to Clarion J .. 21 Mahoning Valley KK................. 2 j
Buffalo Creels K R -ln to Buffalo. 5
H is to r t .—Successor to the B urlington Cedar Rapids & M innesota
.338 RR. Co., foreclosed June 2 2 ,187 6. Leases in perpetuity the Iow a City
T otal tfS ee separate statement fo r this com pany
O m sS B U tttm , Etc .—Successor In March, 1887, to the R ochester * ! * Western and Cedar Rapid* lows, Full- * Northwestern. Cedar Rapids
Pittsburg, whk-it was foreclosed In October, 1885. Plan o f reorgu-ntxik- ’ * Cl hit mi and Chicago Deoorah & M innesota railways.
in V. 41. p. 646, T he entire cap! ta! stock o f the BtrikMtar St 1’tttsbitrg j 8T(m)K, - A uthor!red.$30,000,000; outstanding, $6,500,000; p ar,*100,
Coal & Iron Co. s* ow n ed, and through that com pany in M ay. 1800, eott- The R ock island Co. Is understood to be a large stockholder.
tro i w&* acquired o f the Hell, Lew i* <fc Yste* prepeftM *. in co rp o ra ted ;
1894.
1895.
1996.
1897.
as the. Clearheld * Jefferson Coal Ob. (see M iscellaneous n « > w ith) D m t t S M - 1 1*93.
Per cent.
{3 .
3.
3
4
Feb., 2 ; Aug., 2.
$3,000,000 stock and $3,000,000 bonds. The It. It. * P, Ry, controls 1
the c o il output from o v er 30.060 acre# o f bitum inous eoai iauiis tu
Bonus . - la va City <f U>,(rrn bond* fo r $584,000 w ore paid M arch
Jeffereon and Clearfield eottntie*. Pa. V. 02, j>. 9 0 * : Y. 63, p, 115.
; 1, 1 *90, and consol* o f 1884 were is>ucd. V. 62, p. 30.
Cedar
lo M ay. 1893, the Clearfield A Mahoning RR, eras «*xapteted and 1
ifts 1. P. d .V, If. bonds are guaranteed, principal and interest,
leased, and it* securities guaranteed. A line to Pittsburg has been ear- *<> endorsed: the Os are subject to cull at 10 5; o f the 5 per
v eyed, but constraetfon awaits better times. V. S3, p, 29.
cent •of 18 8 ! $*25,000 arc re »rV M to retire the 8s and certain others
are deposited as ooUaternl under the B. C. It. A N, consol, mort. There
OrvinENbs,—On pref., lu 1 8 9 2 ,5 ; in 1893, Feb., I k p, o.; in 1 8 2 7 ,! are also 5 per cents Issued under a $10,000,000 m ortgage o f 1884,
A ug., 1 (>. C V , 65,
231
Which are nil deposited under It. C. R. & N m ortgage o f 1934R. ,f ,v. 5s o f 1884 (Central Trust c « . t Trustee!, bonds are
B ox iiA —Ueotrad m ortgage fo r $5,593,000 are reecrvod for prior ! O f the B.
u
-erved to retire. If d e e m d h o t . ill prior and divisional bnuds. For
honrte, etc. Car tru st* fo r $55,000 fuU d oe on Deeemlwr 1, 1«97.
Trie $3,000,000 deuvnittres o f 1897 are to be secured by any *ub*e- i extension* bonds m ay be Issued at 815.IXK) p »r mile fo r single and $7,qiuuiS m ortgage ma>tf e x o rp t if made for refunding existin g prior Bens : 500 j«-r mile for second track, the total author, issue n ot being limited.
M inneapolis ,t SI. Louie bonds duo June, 1927, numbered from 1,101
o r forexteh shin * exelosivefy; debeoture* are su b ject to cull at 105
, to 1,400, for *50 0 each ($150,000 In all), have been assumed.
any January o r Ju ly. » » e V. 64, p. TOO.
E abn-I-JW*.—8 months. /1 8 9 7 ........ Gross, $2,550,541; net, 8763,496
O ksskeaI, P tS A sess.—In June $4,000,000 ftebeuSttrca were sold and
Jan. I to A ug, 31,
<1890.......Gross, 2,770,618; net, 745,294
floating debt o f ftWO.OOO paid off.
a sst.'AI. R eport . —Fiscal year end* Decem ber 31, Annual m eeting
JtMUCMKHh— 2 montiMt, I 1 6 9 7 . . . . . . . . .grb«*, $019,203; n e t ,$214,711 1* held last on Tuesday In May. R eport for 1806 w as in V. 84. p. 048.
July 1 to A u g. 31,
<1890............. i n k , 610,202; net, 207,218 Tear ending P ee, 31— 1890.
1895.
1894.
1893.
1,134
1,134
1,136
1.136
JyCtffAf- RxroU'r,—F iroalyear end* June 30. The atwm.il m eeting Is Miles operated.........
*4,504,332
$3,748,829
$4,224,754
G
res*
earning*
.
.
.
.
*4,450,035
hold at New York on the third Monday In November. T h « report for
Set eamUigs........ *1,063,303
$1,454,372 $1,020,612 $1,146,319
1890-07 w * » given at length la Y, 65, p, 616, 631. In 1890-97 carried
49,480
37,197
28,205
36,949
2,949,582 tons o f Mtamlnotts coal tout o f 4,373,188 total ton* o f freight Other receipts_____
m oved), against 2,133,105 In 1095-90.
Total net incom e. .$1,111,508 $1,503,852 $1,003,800 $1,183,268
Teartnd. June 30— 1897.
1896.
1893.
1894.
011,080
8 0 7 ,6 7 3
811,280
810,680
Gross earning*............. $3,311,766 $3,141,889 $3,028,310 $2,780,237 (n t e r e s lo n d o b t ........
Dl rldend.s........... .
< 4)220,000 (3) 160,000 (3) 165,000 (3) 165,000
Net earn in g*.............. *961,523
*856.970
*750.927
$629,811 MlsceUaiU'Ous. . . . . .
1,103
11,325
1,042
Other Income................
33.310
37,889
38,226
39,588
*527,772
*92,11)3
SuGdun..................
$86,426
$198,263
$705,152
$009,399 Cash assets prev.yr.
*894,865
Total r e c e ip t* ...., *997,033
335.374
333,601
754,812
323.281
•603.901
5,895
102,872
148,677
*590.272
$594,368 Im provem ents, etc.
133,240
Interest on bonds . . . $508,777
40.705
45.860
31,231
30,126
Int. on floating d e b t..
$416,672
124,960
123,932
$729,906
$414,132
120.663
Tot. »ur. Jan. 1,’97. *690,328
127.460
R en ta ls....................
(V. 62. p. 39, 501, 8 6 6 ; V. 64, p. 9 4 8 .)
B a la n c e .................. snr.*230.886 9r.*l 17,614 *r.«42.6«0 def.*79,027
B u t t e A n a n e n d a * B a c llio H y .—Operated in May, 1897, Butte
—(Y. 64, p. 233, 329, 70S, 842; V. 65, p. 232, 6 1 6 , 6 3 1 .)
to A naconda, 26 m ile s; branch. Rocker to Butte H ill, about 9 miles.
I lu iT a lo A S i i d i m - h s n n a R H . —Own* from Keating Summit, Bonds authorized at *40.000 per mile. Capital atock, $1,000,000 (par
on the Weaterti New York A Pennsylvania R R ., to Ansonla, 9100). On June 3 0 .1 8 8 5 , the Great Northern owned $490,000 stock
# » ., oti the Fall Brook RR.. 62 miles; Galeton to W ellsvllle, on E rie and $1,000,000 bonds, and June 30, 1897, $700,000 bonds additional
R R .. 37 mile*, with branches 13 m iles; total. 112 m iles; trackage on were outstanding a* collateral for $8271620 loans and bills payable;
Fall Brook Ry.. 43 m ile * ; total operated. 155 mile*. The road passes the A naconda Copper Mining Co. owned $510,000 stock.
through an e t tensive Umber section (upward* o f 200,000 stores), to
F or year ending June 3 0 ,1 9 9 7 ,gross, $991,958; net, $587,006; taxes,
which It affords an ottUet to Buffalo and to New York and Philadelphia. $3,021; Interest on bonds and Ioann, $85,327; balance, surplus, for
CAjrrr al St o c k u *2.000.000. January. 18SI5, paid dividend o f 4 p.o., year. $190,059. In 1895-00. gross, *9 3 2 ,1 8 5 ; net. $559,359. Profit
and !<,*«, surplus, June 30, 1897, *1,310,831, from which deduct $120,and In January, 1896, paid 5 p. o.; Jan., 1897, b p . a.
000 fo r dividends at 6 per cent per annum iu respect o f two years,
B ok M — M ortgage, V. 57, p, 630. and application to N. Y. Stock leaving total surplus June 3 0 ,1 8 9 7 , $1,100,831.
E xchange. V. 58, p. 1036. Bonds cannot be Issued to exceed $15,000
C a lg a r y Sc K d m o B t o n R y . —Owns from Calgary, Canada, to
per mile o f road com pleted and equipped. The m ortgage 1* also a Hen
on about 39.394 acres of timber larnls. estimated a* worth $1,700,000. Edm onton, Can., 191 miles, and to Fort McLeod, Can., 104 miles.
The sinking fund retires each year m many bonds » » indicated by Leased at cost o f operating July 1,1 896 , fo r 5 years to Can. Pacific, V'.
dividing total outstanding by the number o f years the bonds have yet 62. p. 1088. Tim G overnm ent subsidy (of X 10,000 p er annum for 20
to ran, purchasable la the open market, o r subject to call at par In years) anil total net earntngR will be applicable to paym ent o f in
terest , the balance o f any coupon to receive scrip—redeem able out of
order o f numbers, beginning with the highest. V. 65, p. 234.
B a r s moth— (
Cross.
Net.
Charges.
JSal.pntr. surplus earnings. On January, 1 8 9 7 ,coupon 1 p. c, was p aid ; on
J
u ly ,’97, coupon, 1 J4 p. c. was paid. Tho land grant tvaa 1,888,448
2 mo8„ J u ly , 1897..... $108,799
$55,915
*25.336
$90,579
1 to Aug 31. ( 1806,. ..
01,227
10,881
23,971
20.8S7 acres, of which 407,-102 acres unsold was held (Oct:., 1890.) by G overn
ment against subsidy. Stook $1,000,000, par $100.—V. 85, p. 26.
A s x i u t R e r o k r —For 1896-7 earning* w e r e : Gross, $579,798; net
C a l i f o r n i a * N e v a d a R R . —Sec Y. 63, p. 29.
(over taxes), -*295.175: Iffj hMiitt, $64,984; sinking fund, etc., $87,488;
dividends, $/5.t*00: bu t, sun*., for year. $60,808. In 1895-98, Gross,
C a l i f o r n i a P a d 0 o R y , —Owns from Vallejo, Cal., to Sacramento,
$487,844; net. $ 2 17,7 46.- ( V . 63, p. 1 1 5 4 ; V. 65. p. 231.1
Cal. do m iles: branches to Calistoga, Sec.. 54 miles: total, 114 miles. In
B u s k T o n n e ) R y . —< ns rood from Busk to Ivnnboe, C o t, 2 ’9 November. 1880. leased for 50 years to Southern Pacific Company.
mile*. Including L7h miles o f tunnel, opened Dee., 1*93. Interest has In 1896 lessee paid rental o f $512,969. In 1895, gross. $1,070,350;
been In defanit slnee July, 1*96, and t<> Oet . I “ 97, the terms offered not. $486,467; taxes, *38.685; rentals eto., $17,640: rental. $600,000;
bond* oy Colorado Midle ud reorgnn*1/ it ion plan - V 64. p. 1224,1 ftnd not loss to lessee, $219,858. In 189-1. gross, $1,240,735; net, $588,083.
been nr, . p u d
Busk Tunnel < om m itu - A. E. Hambro. J. A, Bryce, Lessor's account, rental, 1895, $600,000; paid Interest, etc., $353,276;
surplus to lessor, $246,724.
hhd M l e i c k l a h , Yottng ami R ow e. V. 65, p. 327, 367.
S
90
INVESTORS’
SUPPLEMENT.
[V o l . LXV.
S u b scrib e r* w i l l c o n fe r a g r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e r e d In th e se T a b le s .
Bonds—P rin ci
INTEREST OR DIVIDEN DS.
R A ILROADS.
Milos Date Size, or
pal,When Due.
Am ount
Par
R ate per When Where Payable, and by StocJcs—Last
of
of
For explanation o f column headings, &c., Bee notes
Outstanding
Cent. Payable
Road. Bonds Value.
Whom.
on first page o f tables.
Dividend.
Canada Atlantic—8toek ($1,000,000 Is p re f.)..........
138
1st m ortgage, gold (see V. 62, p. 2 7 7 )...............0 '
Canada Mich, it Chic.—le t mort. See V. 63, p. 838
456
Canada Southern—Stock
1st M. $14,000,000 (Can. m oney). S eeV .63.p.l88. 404
2d M. for $6,000,000. Canad n m oney. Do.do.o«fcr 404
14
Learn. & 8t. C la lrlstM .,g o ld , gu., p.&l,(end)— o*
C a n a d ia n P a c ific —Stock (See t e x t)........................
Pref. stock, non-oumulative..................... ............r
Can. Cent. RR. 1 st and 2 d m orts., 1st M. s. I. ,dr. at 105 269
Quebec Prov. due on Q. M. O. & O. and N. S. R R . 370
Can. Pacific, land m ort, gold (redeem at 110)----1st m ortgage debenture sterling.......................... 3,221
1st mort. on Algom a Branch, gold ............... o*&r 183
Land grant bonds, Int. gu. by Can. G ov’t . . .e \tr
....
Consolidated perpetual debenture stock—
P rin cipal Securities of L eased L ines ,
M anitoba8. IV. C ol.R ’y $12,000 p .m .,in t.g u a r .g 218
Atlantic & Northwest—1st mort. gold, guar..c*kr 350
North Shore R y.—1st M. C. P. owns $ 610,767... 205
58
Bt. Lawrence & Ottawa—1st m ort., gold, see text
Ontario & Quebeo stock guaranteed in perpetuity
Ont. & Que. deben., interest guar, in perp etuity..
Toronto Grey & Bruce, 1st M., gold, int. as rental. 191
New Brunswick R y.l8tM .,gold,int.from rental.c* 174
Perpetual consol, debent, stook, int. guar..........
Cape Fear d Yadkin Yal.—1st M iseries A,gold.c*kr 150
73
1st M., Ser. " B , ’ gold (2d on 233 m .)...............c*Ar
82
1st ., series C, gold (2d mort. on 225 miles.).o*&r
329
Consol. m ort., $15,000 per mile, gold ............. c*Ar
lOkj
S. Car.Pao. (leased) IstM .S ta te lin e to B ennettsv.
Carolina Central— 1st m ortgage, gold (see text)..e* 237
Shelby Division. 1st M. ($250,000) g. M e B a ...c
$ .........
$3,000,000
1,000
3,450,000
5 g. j . & j . N .Y .,B k.M ont„ & Mont.
1,000 Worthless.
100
15,000,000 2 in 1897 F. A A. N. Y ., Gr. Cent. Station.
1,000
13,925,107
5
1878
j . & j . N. Y ., Union Trust Co.
1883 1,000Ac
5,650,000
M. A 8. N. Y ., U nion Trust Co.
5
1,000
130,000
1895
4 g. A. A O. M ontreal, Bk. of Mont.
.,
100
65,000,000 2% in ’97 A. & O. N. Y „ 59 Wall St, & Lon,
8,005,666
4
A. & 0 . London, Co.’s Office.
1,771,333
’79-’ 80 £1 00 &0
5 &6
Various
Montreal.
7,000,000 See text. A. & 0 .
’82-’83 ......
do
3,423,000
1881 500 Ac.
A.
&
0
.
M ontreal,N .Y.orLond’n
5 g.
1885 £ 1 0 0 &C 34,998,633
5 g. J. & J. London, Baring B. A Co.
3,650,000
1888 £1 00 &0
5 g. J. & J.
do
do
1888 £ 1 0 0 &c 15,000,000
3Qg. J. A J.
do
do
4
1889
45,814,717
j . & j . London, Comp’ys office.
1889
1,000
2,544,000
1884
1887 £ 1 0 0 Ac £1,330,000
£1
00
1883
$616,120
1876
£50 Ac
£200,000
__
$100
$2,000,000
£4,007,381
£1 00
1883
£719,000
£1 00
1884
£600,000
£847,872
1886 $1,000
1,500,000
1,000
734,000
1886
1,000
820,000
1886
1,000
1889
1,868,700
1884 100 Ac.
104,600
1,000
2,000,000
1881
1,000
152,000
1894
C a m b r i a Ac C l e a r f i e l d R R . — In operation from C ressonto Glen
Campbell
Junction, 48
m ile s ; branches, 49 m ile s ; total,
miles. Stook—authorized, $2,150,000 (par $ 5 0 );
paid
in
$1,300,550 all owned by the Pennsylvania RR . Co., which operates
the property under an arrangement term inable at option o f either
party. Net earnings are paid as rental. A full abstract o f the m ortgage
was in V. 52, p. 976. In year ending Dec. 3 1 ,1 8 9 6 , gross, $326,840;
net, $104,812; int. and taxes, $69,161; balance ov e r int. and (axes,
$35,651. In 1895 gross, $324,960; net, $112,074.
C a m d e n Ac A t i a u t i c R R . — S ee W est J e r s e y & S ea S h o r e .
C a m d e n Ac B u r l i n g t o n C o u n t y R R . — Owns from Camden, N. J.,
to Pemberton. N. J., 23 miles; branch, Burlington,N. J., to M ountH olly,
7 m iles; total, 30 miles. Operated b y the Pennsylvania Railroad,
which guarantees 6 per cen ton stook. In Feb., 1897, authorized $350,000 o f 4 p. c. gold bonds (m ortgage trustee, Girard Life Insurance,
Annuity & Trust Co., Phila.) to replace a like am ount o f 6s wliioli ma
tured Feb. 1,1 897 . Lease rental, $44,415. Stock, $381,925; par $25.
Dividends in Jan. and July, in 1895 gross, $248,783; net, $10,022;
loss to lessee, $34,393. In 1894 gross, $252,070; net, $52,342; profit
to lessee in 1894, $7,927. (V. 64, p. 373.)
C a n a d a A t l a n t i c R y . — Owns Ottawa, Canada,to Lacolle, Quebec,
138 miles, with bridge over St. Lawrence; trackage to St. Albans, 28
miles. Leases for 9 9 years the Central Counties R y., extending from
Glen Robertson to Itawkesbury, 21 miles, and South Indian to R ock
land, 17 miles. The Ottawa A rnprior & Parry Sound R y., built in the
interest o f this com pany from Ottawa to P arry Sound, 2 6 0 miles, was
com pleted in Decem ber, 1 8 9 6 , but no bonds bad been issued thereon.
Trustee o f m ortgage o f 1 8 8 9 is F anners’ Loan & Trust Company.
S t o c k , $ 2 ,0 0 0 ,0 0 0 com m on and $ 1 ,0 0 0 ,0 0 0 preferred. E a r n in g s in
year ending June 3 0 ,1 8 9 6 , gross, $ 6 1 2 ,9 6 3 ; net, $ 1 7 4 ,3 6 0 . In 1894-5,
gross, $ 5 8 3 ,7 7 8 ; net, $ 1 7 8 ,1 0 4 . (V. 5 9, p. 6 9 6 , zooj\ V. 6 3, p. 879.)
C a n a d a M i c h i g a n Ac C h i c a g o . — Bonds worthless. V. 63, p. 838.
C a n a d a S o u t h e r n R y . — (See Map New York Central & S ud son R.
Railroad.)—R oad —Main line from Suspension Bridge station, includ
ing the Cantilever Bridge to Windsor, Ont., 226 miles; branches to
Courtright, Ont., etc., 231 miles; total, 457 miles, o f which 98 miles are
nominally owned by proprietary companies. Trackage, St. Thomas to
London, Ont., 15 miles. Double track, 98 miles.
O rg anization , Contracts , E tc .—The Company was chartered in
Canada February 28,1868, and debt readjusted In 1878. In Nov., 1882,
a close contract was made with the Michigan Central for 21 years
from January 1 , 1883, providing for the paym ent to Canada Southern
o f one-third the jo in t incom e over all fixed charges. The contract
provided fo r a re-apportionm ent every live years, and in December,
1892, it was agreed to give the Canada Southern 40 per cent and the
Mich. Cent. 60 per cent o f the first $1,000,000 o f net earnings, any
amount over that to be divided on the basis o f one-third and two-thirds
as before. But under the original oontract each com pany was accorded
all benefit to accrue from reduction in its fixed charges. The Michigan
Central to Jan. 1 ,1 8 9 6 , had reduced its charges $319,200; the Canada
Southern n ot at all. V. 64, p. 5.
D iv i d e n d s .— 1888 ’ 89
’ 90 ’ 91 ’ 92 9 3 ’ ’ 94 ’95 ’96
’ 97
Since 1887------- 2 ^ % 213
3*2 2Q
3
3
3
2Q 2Q below
In 1897, Feb., 1 p. 0.; A u g., 1 p. 0.
B onds .—I nterest on the 1st m ortgage is guaranteed b y the New York
Central till 1898 but the principal is not guaranteed. V. 56. p. 696.
8 e e V . 03, p. 188, as to ourrency in whioh bonds are payable The
Leamington & 8t. Clair Ry. was purchased in 1896, and its $130 000
bonds guaranteed.
m
ANNUAL REPORT.—Figures fo r 1896 (in V. 64, p. 1086) showed
Canada 80. share o f earnings $296,474; other incom e, $ 1 ,381 ; divi
dends, $337,500; balance, deficit for year, $39,645. In 1895 Canada
Southern share was $304,715; total surplus Jan. 1. 1897 $19 697
For six months ending June 3 0 ,1 8 9 7 (June estimated) Canada South
ern proportion was $152,000 (against $141,000 in 1896); dividends
$150,000; surplus fo r six m onths, $2,000—see Michigan Central — <y’
64, p. 5, 1 0 8 6 , izoq, 1225.)
C a n a d i a n P a c i f i c R y .- R o A D - O w n a trans continental railway
from M ontreal to the P acific Ocean, m ade up as follow sMontreal to V ancouver......... 2,905 Operated
~
aoct. of ow ners
776
Branches and auxiliaries___ 1,351
A lso controlled but op. sep.—
Leased lines............................. 2,163 TMinn. 8t. P. & Sault Ste. M.1,175
Used jo in tly .......................
56 UDulutb South 8. & A tlantic 584
112
liDulutli Superior & w ........
Total in traffic returns....... 6,476
ffSee each c o ’s statement.
Crow's Nest Pass. B y .-S u b sid y o f $11,000 per m ile granted b v
D om inion G overnm ent to Canadian Pacific Ry. fo r construction of
this line from Leithbridgc, N. W „ to N elson, B. O., 330 m iles.—V. 64,
97
H isto ry , E tc .—I ncorporated Fell. 1 8 ,1 8 8 1 , under charter from D o
minion o f Canada, receiving $25,000,000 in cash as a subsidv also
25 000,000 acres o f land, all to be fit for settlem ent The Ontario
&
Montreal to T oronto Junction, 334 miles, was leased in 1883
fo r 999 years, and its stock and bonds guaranteed. In July 1890
leased the New Brunswick Ry. fo r 990 years.
1
’
Sto c k .—T he com pany bought o f the Dom inion Governm ent an annuity o f 3 p. 0. per annum on the com m on stock for the ten years 1884-
5
5
5
(6)
6
5
4
5
4
6
6
6
6
6
4 (6)
4 (6)
g. J. & D.
g. J. & J.
A. & 0 .
4 15J.&D.
J. A D.
J. & D.
g. J. A J.
g- F. A A.
j. & j.
g. J. & D.
g. J. A D.
g. J. & D.
g. A. & O.
A. A O.
g. j . & j .
g. j . & j .
N. Y ., 59 Wall & London
London, Baring B. A Co.
do
do
Can. Pac. office, London.
Montreal and London.
London, M orton, Rose.
Toronto and London.
London.
do
D e c .,’93, coup, purch’ d
do
do
do
do
do
do
Baltimore.
do
See text.
do
Jan. 5, 1909
A u g .2 ,’ 97,1%
Jan. 1, 1908
Mch. 1, 1913
Oot. 1, 1945
Oct. 1, ’97,112Oct. 1 ,’97,2%
1899 & 1910
M ar.l, 1904 0 6
Oot. 1, 1931
July 1, 1915
Ju ly 1, 1937
July 1, 1938
Irredeem able.
June 1, 1934
Jan. 1, 1937
Apr. 20, 1904
See text.
June, ’97, 3%.
Irredeem able.
July 26, 2882
Aug. 1 ,1 9 3 4
Irredeem able.
June 1, 1916
June 1, 1916
June 1, 1916
Oot. 1, 1919
Oct. 1, 1914
July 1, 1920
Jan. 1, 1920
1893, the last paym ent having been m ade in August, 1893. The law
provides that the issue o f p referred stock shall never exceed one-half
the com m on stock.
ivid
D iv
i d en
e n ds
d s — V 8 3 . ’ 8 4. ’ 85. ’ 86-’89. ’90-’ 93. >94.
95. '96. ’ 97.
Common p. c. > 2 ^
5
4
3 y’rly
5 y ’rly
5
0 2 ^ B elow .
P referred p .e
. c ..))
Issued in 1894. 4 p. ct. yearly
y<
(2 A. & O.).
On com m on in 1897, A pril, 1 p. c.; Oct., l ^ p . c.—see V. 65, p. 277.
B onds , D ebenture St o c k , G u aran teed B onds , E tc . In May,
1888, the com pany relinquished its exclusive right to operate in Mani
toba lines to the international Boundary, receivin g the D om inion G ov
ernment guarantee o f interest on $15,000,000 o f land bonds These
bonds are a lien on 15,444,200 acres o f land subject only to $3,426,000
land grant bonds o f 1881, which are redeem able at 110.
F or list of securities held against consolidated debenture stock D ec. 3 1 .
1896. see V. 64, p. 521.
The Quebec Province 5 per cen t loan, m aturing in 1902 and 1904, was
extended in 1894 at 4 *20 per cent (average rate) payable in tw o equal
instalm ents Mai oh 1 ,1 9 0 4 , and March 1, 1906.
In June, 1890, com pany agreed to guarantee the principal and inter
est o f $20,000,000 4 per cents, to be issued by the D uluth South Shore
& Atlantic; also 4 per cent interest on bonds o f the M inneapolis St. Paul
& Sault Ste. Marie. (See V. 50, p. 874; V. 51, p. 239; V. 52, p. 608.) O f
the Dul. S. S. & A t. consols it ow ned Jan. 1 ,1 8 9 6 , $14,976,000.
To the Atlantic & Northwest Railroad, crossing the State o f Maine,
the Dom inion G overnm ent grants a subsidy o f $186,000 per year till
1906 and Canadian P acific guarantees the balance o f interest m oney.
St. Lawrence <£ Ottawa bonds are endorsed with the Canadian Pacific’ s
acceptance o f a 999 years’ lease at a rental sufficient to pay 4 per cent
interest oa bonds, and the bondholders’ agreement to accept interest
at 4 per cent (instead o f 6 per cent as form erly), and to refrain from
demanding paym ent o f principal during continuance of le a se ; the m a
turity o f the bonds is June 15 ,191 0.
The New Brunsioick Railw ay consolidated debenture stock has
Interest guaranteed by C. P.; interest on the first m ortgage bon ds,
though not guar, is Daid out o f rental under 990 year lease o f 1890.
L ands .—Lands unsold D e o .3 1 ,1896, were 16,195,440 acres o f Can
adian Pacific grant and 1,224,842 acres o f M anitoba South Western grant
and 188,112 acres o f Colum bia and K ootenay grant. Total sales in
1896 w ere 87,878 acres fo r $308,928; in 1895 were 61,076 acres.
G en eral F in \nces .—The stockholders at the annual m eeting in A p ril
1897, authorized expenditure of $2,336‘,736 during 1897 for bridges
ballasting, term inals, equipm ent, etc. The stockholders also author
ized the purchase o f the M ontreal A W estern (70 m ile s - see V. 64, p
519) and the building o f a line from Lethbridge to Nelson, 325 miles
this line w ill give a conn ection with the Spokane Falls A Northern
E arnings .—8 months, ) 1897 ..G ross, $14,051,811 ; net, $5,585,959
Jan. 1 to A ug. 31.
J 1896 ..G ross, 12,842,712; net, 4,623,033
A nnual R epo rt .—Fiscal year ends Dec. 31. A nnual m eeting is held
at Montreal on the first W ednesday in A pril. The report fo r 1896 in
full was in V. 64, p. 512, 519. See also editorial p. 494.
Year ending D ec. 31.
1896.
1895.
1894.
Miles operated D ecem ber 3 1 ..
6,476
6,444
6,344
Passenger earnings................... $4,820,143
$4,683,138
$4,840,412
F reig h t....................................... 13,187,560
11,877,852
11,445,378
Mail,expr’ssand miscellaneous 2,673,894
2,380,047
2,466,377
Total earn*ugs...................... $20,681,597
P erct. o f oper. exp. to earn’gs.
60-80
Net earnings.............................. $8,107,582
Interest r eceiv ed ......................
511,165
$18,941,037
60*50
$7,480,952
552,912
$18,752,167
65*75
$6,423,308
333,820
$8,618,747
6,708,084
203,890
1,612,946
$8,033,864
$6,659,478
$6,757,134
$6,589,379
694,487
1,881,960
Fixed c h a rg e s...........................
Contingent interest..................
D ividends...................................
1.231,960
B alan ce............................. sur. $93,827 sur.$142,426 df.$2,408,692
—V. 64, p. 329, 424, 465, 494, 5 1 2 , 5 1 9 , 7 5 2 , 1180; Y. 65, p. 277, 570.
C a p e F e a r Sc Y a d k i n V a l l e y R y . —In operation from W ilm ing
ton, N. C., to Mount Airy, 248 m iles; branches to B ennettsville, e t c .,
90 in.; total, 338 miles, o f which 10 m. leased. M ostly 50-pound steel.
R e c e iv e r .—Mar. 3 1 ,1 8 9 4 , Gen. John Gill was appointed reoeiver.
Final decree fo r sale o f property as a whole m ade in J line, 18 97; upset
p rice $2,000,000. No date o f sale set. L itigation pending. - V . 64, p.
1223.
Com m ittees .—First Mortgage Baltim ore Committee—W. H. B lack ford .
W. H. Perot, John A. Tom pkins, Frank T. Redw ood, Basil B. Gordon
and J. W. Middendorf ; depositaries, M ercantile Trust & D eposit Co. of
Baltimore or Farmers’ Loan & Trust Co., N. Y. V. 58, p. 1034.
First Mortgage “ Series A ” —the New Y ork Com m ittee— C. A . Low,
George F. Baker and William E. Strong represent “ Series A ” bonds
as distinguished from the separate and conflicting interests o f “ Series
B and C,” and in January, 1896, offered to purchase “ Series B ” bonds
, at 50 cents on the dollar and “ O ’ bonds at 40 cents.—Y. 62, p. 39, 277;.
Y. 65, p. 515.
R eorgan ization P lans .—The plans o f the tw o comm ittees were com
pared in V .61, p. 1153, see also V. 61, p. 830 and V. 62, p. 39, 232. The
New Y ork plan provides fo r a rental from the Southern Ry. equal to
interest on at least $1,500,000 b o n d s; the B altim ore plan suggests aa
OCTOBER, 1897.)
B A IL R O A D
STOCKS
AND
BO NDS
31
S u b scrib e r* w i ll c o n fe r a gre a t fa v o r b y g i v in g Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d In tb e se T a b le s .
Monas—Print i
INTEREST O S DIVIDENDS.
RAILROADS.
1Miles Date Size, or
pal,When Due.
A m ount
of
of
Par
Rate
per
When
W
here
Payable,
and
by
For explanation o f colum n headings, A c., see notes
Stocks—Last
: Road. Bonds Value. Outstanding
Cent. Payable
Whom.
Dividend,
on first page o f tables.
Carolina Central—( C oncluded)—
J. A J.
2d A 3d M. ($1,500,000 each), ft., lne.,non-eum .r 237 1881 $1,000 $3,000,000
1910 A 1915
215,200
I f earned.
Incom e scrip issued for reduced interest on 1st*.
--1893
A. A
5
W ilm ington B y . Bridge, tw o m ortgages g u a r.....
*9S-’9 9 & 1 9 4 3
0)
5
24 1897
J. A
N, Y ., A tlantic Tr. Co. Jan. l , 1927
500
Car, & Cumbtrl. Cap—Pru>ri!en,our.,red at par.o;
....
1888
6
500
F. A
150.000
Carolina Midland—B. i . 4 1 1st m ortgage.........c
F eb, 1, 1908
.....
A. A
1891
1,000
0
570.000
Oct. 1, 1931
1st mortgage, $720,000....................................
100.000
J. A
7
Carolina £ Sortkvcest.—Chester A L., 1st m ortgage
Ju ly 1, 1900
1897
M. A
5
265.000
500
1st mortgage, $ *60,000 (see te x t)............ .............
1927
2,000,000
Carton dt Colorado—1st M. for #3,500,000,g„s.f.o*Ar 3<XI 1892
1,000
In default.
Ju ly 1, 1941
4 g. J. A
43 1892
J. A
1,100,000
1,000
Carthage <* A dir.—1st M. *1,000,000 g.,gn.p.Ai,o*Ar
N ew Y ork City.
Deo. 1, 1981
29 1891
Carthage Waler.it Sack.Bar,—l et 51. g.,gu.ti.&Lend.
1,000
J. A
300.000
N.
Y.,Grand Cent.Stat'n
Ju ly 1, 1931
1878
1,000
J. A
135.000
Philadelphia, Pa.
July 1, 1898
Catasauqua t PogclsbUU— Debs, ext., g., 88* A *93.
98
I s- M. A
50
Philadelphia Co.’ e office My,19,*97,2k!*
See text,
Cataufissa—Ptftt. stocks, 3 % g u .P . A B , Ry, See text.
93 1870 500 Ac.
1.300.000
PhUa., Phil. A Read. S y. Aug. 1, 1900
7
F. A
Mortgage bon ds..........................................................e:
1882
do
do
500
0
,F. A
230,500
1st m ortgage fraorts. o f 1802 extend, in 18 82)..r .a ..
Aug. 2, 1902
1891
7
F. &
500.000
do
do
Imp. 3d M. fids., den. by P.AR . under Sitbw.agree.!
A ug. 1, 1929
50,000
16 1885
5
F. A
C'skULN.Y., T an.N l Bk. Aug. 1, 1905
Catskitl Mountain—First m ortgage...........................
1885
6
F, A
238.000
Divid’d pd. S opt.10,’97. Aug. 1, 1915
1st Income bonds.........................................................
34
30
9
J. A
New York, 52 Wall St. July, 1897, 4J«
589,110
Cayuga 1 Susa.—Stock, 9 p. ft. rental B . L i f . . . .
1,000
1.600.000
6 g. M. A
N or., '93, conp. last pd.
Cent Sr. It. F.—1st M. Atoll. A P. P. RR., gold....... e 100 1865
See text.
1.000
630.000
Nov., *93, eoup. last.pd,
7 g. M. A
Band int. (mort.) bds. (coup, held in trust) g o ld .c 100 1679
See text.
100 *66-7-8 1,000
6
1 ----1,600,000
O. 8. Trees., at maturity.
2d m ortgage (Governm ent subsidy)..............
1896-1898
5.000.
000
C en t, o f G eorgia /(>/ —S tock.............................
1st m ortgage, $7,000,000. g o l d .......................c\tr 312 1895
1,000
7.000. 000
A A . N.Y.GuarantyTrustCo. Nov. 1, 1945
2 g> P,
1,000
10,500,000
M. A N.
do
N or. I , 1945.
Consol, m ortgage, $18,500,000, g o ld ..............c*,ir 1,119 1895
1,000
M obile D ivision 1st m ortgage <#I,0 0 0 .0 0 0 )...g.c* 124 1895
1.000.
000 s «* J.
Jim. 1, 1946
A J.
do
1,000
106 1895
810.000
Jan. l , 194G
Macon A North. D ie. 1st m o rt.,* 8 1 0 ,0 0 0 ,gold.c*
J.
A J.
do
65 1897
J.
A J.
do
581,000
Jan. 1, 1947
Mid. Ga. A At, D ir. 1st M .,#9,0o0 p.m.,enr.,.t«<:
1895
1.00Q
i
Oct.
1st p re f.,In c o m e s)
Interest o p to f> p. c., e*
4.000.
000
Up to 5
l'iO c t . l,'9 7 ,p < l. 2*4 p. C, N o v . l , 1945
1895
1,000
7.000.
000
2d d o
do
[if earned,
c*
Up to 5 Oct. 1 ;Ncw Y ork, when earned Nov. 1, 1945
. 1695 1,000 4.000. 000 Up to
Oct. 1
1
io 5
do
do
Nov. 1, 1945
3d d o
do
)
non-cnm u)atlvc.
o'
1.000
....
1887
4,880.000
5 g. -M. A N. N. Y „ Guaranty Tr, Co. M ar 1. 1937
Collateral trust bonds, gold, redeem able at l l O . c
t>o,ooo
I6'
II:
IS-
interest guaranty by the Seaboard A ir Line on all the bonds to be lie
•■
AXSCJU. R k poser.—Fiscal year ends June 30. F or 1895-96 gross,
$653,032; net. $85,023; rental, $6,276; taxes, $18,338; balance tor In
feres* charges (n ot paid) $60,408. In 1894-95 gross, 8-180,987; net,
$77,123. (V. 63, p. 515.)
C a r o l i n a C e n t r a l U I t .—Owns from Wilmington, N. C , to Rusher
fordton . S . O., 2 6 7 miles, a t which 2>* mlteft (the WB. S . Bridges owned
jointly. Sold in foreclosure May 3 1 ,1 8 8 0 , C ontrolled bv Seaboard A
R oanoke and Raleigh A Gaston. Capital stock, $1,200,000; par, $100.
Bonus .—In August, 1894, the Seaboard .Ur Line guaranteed 4 p, c.
p e r annum fo r 5 years o n the firsts. g iving noo-emn. 3 p. c . Incom e
scrip fo r the remaining; 2 p , e, V. S9. p. 331, 900. W ilm ington Ry.
Bridge bonds were guaranteed b r Carolina Cent., WII. Col. A A ng and
Wit. A Weldon. Current liabilities June 30, 1 8 »« m et), $173,847
E ar .m .s os . - I h year ending June 30 earnings have been as fo llo w # :
tiros*.
Met.
Charges.
B alance.
*185.138
$117,082
snr. $68,056
1895-90...................*5-C ,695
1894-95................. 504,001
04.733
113,642
def. 14,269
—(V. 3 8 ,p. 1109; V. 59, p, 2 8 .2 2 9 ,3 3 1 , 000.)
C a r o l i n a A C u m b e r l a n d G a p H r . —Aiken to Edgefield, 9. C.»
24 toilet. A reorganizaUDii Jan, 1 .1 8 0 7 , o f the Carolina Cumberland
Gap A Chicago foreclosed.
Capital stock, $8 40,0 09; par. $100Mortgage Is for #210,000 currency bonds w earin g $60,000 prior lien
5* and $150,000 Incom e bon d *; bunds are subject to call at par.
Trustee, Atlantic- T ru it Co., New Y ork .—tV. 62, p. 1176 ; V. 01, p. 41.1
C a r o l i n a M i d l a n d K y , —Owns road In operation from A llen
dale, 8. C-, to Severn, 8. C., M w iles, S tock. $ 5 4 0 ,0 0 0 1 par, $100.
Road was leased January 1 7 ,1 8 9 6 . to tie- ( l r w » * r « 4 A n d cr-.n &
Western R y., but on March 4, 1897, the lean® was surrendered and
the M ullah I turned o v e r to It* officer*. iterating*.—Jan. l to June 30,
0 months, gross, $24,518 la 1497; $22,300 lu IW W .-V . *13. p. 15 1,38 7.
C a r o l i n a A l o r t k a i - . i e r n R y . —Narrow gauge road front
Che»tcr,8. Cl, to Lenoir, N .C., 110 mite*. o f which lO ralle* Is trackage.
A renrg&itl ration February’ 28, 1897, o f the Chester A Lenoir, sold in
foreclosure. Capital stock, *35 0,00 0; par $.50
F or year ending
Jaa, 34, 1.807, gross, $982165: riper, expanse*, taxes and iw-ttersients,
*7 0 ,5 5 3 . net, *28,013. President, G. w . F. Harper. (V. 0-1, p. 1801.
C a r t h a g e Ac A d i r o n d a c k It y ,- 8 - Map .V. f . C entral,)—Owns
from Carthage to N ewton Falls, New York, it) miles. The entire stock,
8500,000, t* ow ned b y the New Y ork Central K R „ which In April,
tSi>3. teased the property tn perpetuity and guaranteed Its $1,600,000
bond*, o f which ftfiOO.oOO were for extension*, eto. (V . 57, p. 218.;
i a r llia g i- W a t e r t o w n A s a c K e t f * t t a r b o r l i l t .—{See Hap
X. r. Ctntral.i—Owns from Carthage to SackoU’ s Harbor. N. Y „ 29 miles.
Controlled by N. Y, Central, which owns $ 1 9 3 3 0 0 of tbs stock and
guarantees the bond*. le a se d to EL W. A O. for 37*3 p. c. o f gross
earning- Rental In 1895-06, $ 3 7 .1 2 1 ; in 1694 9 5 , $36,704. Capital
stock $465,945 com m on r a d $2 lj& oo preferred.
C a t a w la a a H H .—Own* from Taom nend, F a , to W illiamsport, Fa.,
93 miles, and branches, to mile*. R«-leased Dec. 1 ,1 8 9 6 , for ffiWyear*
to Philadelphia A Reading Railway. R sntal,Interest on tin; bonds, ft
p, «. dividends on the preferred stock, ail taxes, and $8,000 for
organisation expense*. See also Y. 63, p. 96 9.1 116. Of the preferred
stoek* In 1698 # 2,200,000 *»:< find preferred and 81^000,000 second
preferred and comm on was 81.159.500: oar*50 . Preferred stoek may i>e
lasned for betterments and Improvement*. Reside- bond* as tn table
are deposited under the R eading Co.’s general m ortgage: Chattel m ort
gages, *123,050 ; debenture 7* o f 1917, $62,000.—V. 03, p. 924, 969.
C a t s k ll) M o u n t a i n H a l l w a y . —Owns narrow-gauge road from
Oatoklll. « p (be OatsSrill Mountai:i. to Paten vt He. N. Y., 10 miles j (eases
Cairo RR., Cairo Junction to Cairo, N. Y „ 4 mile*-, tots!, 2 0 mile*.
Stock, *89,000. There are also te e m d incomes for $15,000 6 i. o.
First Income* have on e v ote fur each #100. K t R s n o # .—Year ending
June 80, 1897. gross, $50,010; net, $16,140: Interest, taxes, etc.',
#9,813: la te r o itp a id on 1st incom es (1*86 p. c.) • 1.430; balance fun*
collected! 83,0*7. In 1895 96 g ree*.868,088; net, $1 6,57 7; surplus
over charges, #1 0,59 1; dividend on 1st Incomes, #1.344.
C a y u g a A < iii.« it ie lt a n n a H i t . —Owns from Buequehaana River
to Ithaca, N. Y „ 34 miles, te n se d during length o f charter and renewM* 4hereof to the Delaw are Laekawatfus & Weatern at a rental o f
8 5 4 ,0 0 0 a year. Tinder term s.of lease (which expires Jan.. 1900), the
Cayuga &t .-diwiitehanna ** at least two years p rior to the expiration *o f
lease * shall and will make application to the legislature o f the State of
l i « * York for an extension and renew al o f the charter."
C e d a r F a l l * A s i l u n . H H .—Merged in Dubuque A g lou x City.
C e n t r a l H r a n G i I nlnra F a r l t i c H y .—O w n*from Atenison. Kan.
to Watorvilic, K »n., t o o mile*; lease* A taU ion C oloreds A Pacifto, 255
m ile*; Atchison Jewell County A Weatern. S3 m iles; total. 389 miles,
OaoAStXATio*.—Lcaaftd to Mlsaonrt PaeWe fo r 25 rears from Sept.
30. 19*45 rent*!, net earnings. Aeconnts payable Jan. 1. 1897,
$2,970,676; lntere«t on Governm ent loan accrued and unpaid 'e t i,
1807. #2,163.960; principal Is #1,600.000. o f Which #610.000 was due
Jan. i . 1890. #640,000 on Jsti. ). ) hot, and #320,000 on J in 1,1 “ iis
S r u c s.—$1,000,000 (PM. *1 0 0 i, o f which Co. Pac. owns $974,200.
BOknfiotDKR.s* CoMMiTTEK.—.4. t P. P. First e * and Cent B r. 7s.—
ainton Borg, James M. Ham, Edward ri. L »dd, Jr,, and Gilm er Clapp,
request depoetw o f bond* with Union T rust Co., N. Y. In May, 1396,
a m ajority o f the bonds, exotuslve o f G overnm ent holdings, had been
deposited.—V. 02, p. 588, 908. Foreclosure ponding.
Bakmixo *.—On 10O mile*. (1 8 9 7 .......G ross, #386,415; net, $171,710
Jan. 1 to Aug. 31—8 m os. (1 8 9 6 ........Gross, 270,456; net, 115,773
In year 1896 gross o n the, 100 miles Atohison A Pike's Peak were
#1 45,9 21; net, $209,688. lu 1895 gross, $3 44 ,7 7 0 ; net. #103,400.
Fur earnings o f leased lines see AL-b. Col. A PuclHo, (V. 64, p. 1041.)
C e n t r a ! o f G e o r g i a I t a l H v a y .—LSe« Map) —System in clu d es:
Lines oiciieU in fe e .
Miles. [ L in es leased—
Miles.
295 I Southwestern o f Ga. R R .—
Savannah to A tla n ta ...
M acon to K u fa u la .............. 1 11
82
G ordon to C ovington .............
Columbus to B lnu'gham .A la. 150
Fort Valley to P erry..........
1*3
62 | Fort V alley to Colum bus..
Columbus to A m ericas..........
71
SmlthvUie to C olum bia___
79
85
M ontgom ery to Kufaula, Ala.
50 I Cuthbort to F ort G a in es...
Columbus to Greenville, Ga.
20
3*5 Augusta k Savannah RR ,—
Opelika to R o a n ok e..............
EufBOla to Ozark....................
60 | Milieu to A ugu sta.......... .. .
53
Griffin to C arrollton...............
60 Pmpr’ y Line—Upson C o.R R .
16
Savannah to T jrbee,................
18 s Barnes vllle to Thomas ton..
Columbus to Searight............ 122 t
Miteoti tv Athens ................. . 102
T ota l op era ted ..................1 ,5 2 3
--------, Ocean Steamship Com pany,
T otal ow n ed tan d op epd i* 1,122 ! estloiated equ ivalent o f —
300
* In addition ow ns in fee Mehlrim to L yons, 38 m iles, now leased to
G eorgia ft Alabam a 8 8 , m aking total m tleago ow ned, 1,180 miles.
OBOAkivuTiox—Organised Oct. 17.1895, and N ov. l sticcoedod to the
properties of tin) Central ILiUfoad ,fc Banking Co, o f Geurgia. and
the Savannah A W est*ru, etc., sold In form insure Oct, , and ( tot, 5 re
spectively, and reorganized per plan In V. #0, p. 1008 and V. 61, p. 68.
The line from Lyons to Mclilrltn. 58 m iles, was leased hi April, 1890, to
Georgia k Alabama. Middle G eorgia A A tlantic (MUlodgevjtta to
i ■-.vuignui. Ini .
r> ■
- ;■
lut-e.l ,L,n. 1, I “ 97. V. 05, ji. 324;
V. 62. p. 450; V. 64, p. 82, |>. ISO.
Ituens. —The firs t mortgage o f 1895 (described in V. 63, p. 1160) 1
a first Hen on the m ain line from A tlanta to (Savannah, ineluding the
MltledgevlUe branch (312 mile* In a ll), nil equipm ent and appurten
ances and the equity in #1,903,000 of the cap ital stock o f Ocean
Steamship Oo. o f Savannah, Trustee, Guaranty Trust Co. o f New York.
A pplication fo r listing ltr»t- and consols, on N. Y. 8 to el; E xchange
was given In full In V. 03, p. 1180,
The consolidated mortgage (son abstract, in V. 61, p. 873, also see
V, 63. p, 1160) l« a first lien upon 580 m iles {Including form er
Mont. & EUfBtUA RE., H.iv. A W estern and 8av, k A t!.); also on
the leases o f the
Western and A ugusta A Savannah roads and
the stock o f New England Steamship Oo,, and a second lien upon the
main line, its equipm ent, etc., and also on the Macon A Northern and
M obile * Girard. U also cov ers nil leaseholds, securities, etc, H roay
i„ increase.! $2,000,000 from $16,SOO.OOO to #18,500.000, at the rate
o f n ot m ore than $500,000 In any one year, for betterm ents and fo r
equipm ent. The consolidated Iwtads arc the only tlxed charge obliga
tion covering the entire system . Trustee. M ercantile T rust Co. o f N. X.
Mobile M ention bonds are direct obligations o f the Central o f G eorgia
R y., snenred by a first lien on Colum bus, Ga., to Searight, A la., 122 to.
Macon <f Northern Dirtsinn bonds are also d irect obligations o f th e
Central Ry,, with first lien from M acou to A thens, Ga., 105 miles.
Hiddlc, ticorgia A 'Hiantic IHrision bonds are issued at $9,000 per
nltle, o f which f 8,0 00 was fo r purchase o f road and $1,000 retained
by Cent, o f Ga. for betterm ents. V. 64, p. 180; V. 65, p, 324.
The preference income, bonds, subject to the prior m ortgages, c o v e r
the main lino and the form er Savannah & W estern, Colum bus & R om e,
com pany. They are non-onmttlattve and bear interest n ot exceedin g 5
per cen t In any one fiscal year, lint payable on ly out o f net earnings
« - declared and secured by tbo deed or trust. On 1st pref. Incom es
paid 1H I>. 0. in Oct., 1890, and 2».t p. c. Get. 1, 1897. V. 65. p. 410.
Collateral trust m ortgage abstract was In V. 45, p. 242.
I.sTfcsr E a r m v u s .—2 raoe. 1 1 8 9 7 .,..G ross, #741,508; net, $106,454
July 1 to Ang. 31
f 1 8 9 6 ....G r o s s , 745,398; net. 196,690
A vnuai. R bpoht .—Fiscal year ends June 30. See report for 1890-7
In V. 65, p, 321 .and b a ln n c sheet sheet V. 65, p, 616. The n et a c o m e
$319,964 was placed to the credit o f profit and loss, w hich a cconnr was
charged $140,278 b a ek ta xe-. which have been in litigation and #71,164
receiver's obligation-, leaving a balance to the credit o f profit and loss
from the year's operations o f #38,521.
Years end, J u ne 30—
1897.
A verage m ile a g e ................ .............................................
1.48 0__
Gross earnings .................................................,# 5,28 0,08 6
$5,508,405
Total operating e x p e n se .................................. 3,271,MM
3.605,166
T axes .....................
180,008
100,194
Net earnin g, from operation....................
$1,828,134
$1,742,744
From steamships, e t c , . . , . , . ---------. . . . . . . . . . .
329,807
412,272
T otal........................ ...................................#2.157,041
$2,155,017
(0
INVESTORS’
SUPPLEMENT.
[Y ol . L XV
October, 1897. J
RAILKOAD
STOCJ1B
AXD
BOlsDS.
23
S u b s c r ib e r * w i l l c o n f e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e u o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
RAILROADS.
on first page o f tables.
C en tra l o f Ha. t t y , ( Con.j— Guar, tie., securities.
Ocean 88. Co. 1st m ortgage, gold, guaranteed. . .1
A ugusta St Savannah stock m o bonded debt).
Southwestern ot G eorgia stock (no bonded debt)
Central Massachuse!Is— Prof, stock (see te x t).........
1st m ortgage.............................................................e
S ew bona*. $500,000........................ ......................
Central S. Y..t Western—1st inert. $1,000,000, g ..c
Central Ohio—Stock ($411,350 o f this is preferred).
Con, 1st M. (fo r $2,850,000! now lstlte n , g o ld ..e
C en tra l P a c t fie -S t o c k for $63,000.000,...............
1st m ort„ ser. A , ext. 18»3, cafl.go!d, o s ./
Ser. B, C. D. e x t .'96, call, gold, 5 s ....... { See ‘
Series E, gold, extended 1800, call, 5 s . ) text. i
Series F to I, Inclusive, gold (see text) (
>
do
do
...................... .....................
do
do
— .....................................
do
do
............... ............................
do
do
............................................
W estP ac.,S an J ose to Brighton, C a t. scries A, g.
do
series B, 1st M., to Oakland, gold
do
Governm ent lien, gold............... .
C at A O . 1st M.,(mr. A, g. (exte'd) > 8. t. yearly,
Do
do Mgr. B, g. (exte'd) j not d ra w n ..
Land grant 1st M., goid, guar., extended in 1800.
M ort. gold 6*, 1 9 3 0 ,1«L gr. ». t., not d r a w n .........
Mort. gold, 5e, 1939. Id. gr .guar., *. {., not dr'll c
Cent. Pa. A Westn. —Wltko»b. A Week, 1st M.. g .e C ent. M S . o f Jr'. «7.—Stock ($ 30.0 00,0 00au th or)..
Bonds, secured by consolidated m ortgagn of 1874
OwMoadatad m ortgage (now t o * m ortica*#).. ,e*
Miles Date Size, or
of
of
Par
Road. Bonds Value. :
53
332
....
99
09
....
___
137
140
598
148
737
737
737
737
737
123
24
123
290
290
....
--. .
1,360
31
, . „,
,
1890
....
1886
1893
1892
.....
1880
f 1865
{ 196B
I 1867
(1 8 6 8
1870
1865
1866
1867
1868
1809
I86 0
1869
1867*9
1808
1872
1870
1880
1889
1880
1872
1874
A m ount
INTEREST OR DIVIDENDS.
Bonds—P rinci
pal,When Due.
Stocks—Last
Dividend.
$ 1,000 $1,000,000
5 g. J. & J. N.Y., Guaranty Tr, Co. July 1 , 1920
100
1,023,900 I
5
|J. A J.
Savannah, Ga.
Ju lv,’ 97,2i£<
100 : 5,191,100
5
J. & J.S a va n n ah and Macon. Ju ly,'97,24}'
100
3 ,9 4 9 ,1 0 2 1% in ’ 96
M
y.20,'97,%
1,000
2,000,000
A. A O. Boston Office A Tnt. Tr. Oet. 1, 1906
1,000
100,000
A. A O. B oston, 53 State St.
Oct. 1, 1906
1,000
242.000
J. N ew Y ork, 54 Wall St, Jan. 1, 1943
.............. I.
50
2,8011,621,000
2.500.000
-”
100
67,273,500
1.000
2.905.000
1.000
3.883.000 i
1,000
3.997.000 j
(6) g .jj. A ,T.
.Tan. 1, 1898
1.000
15.508.000
6 g. J. & J.
Jam. 1 , 189$
1,000
6.080.000
0 g. A. * O.
Oct, 1. 1900
2.302.000
J. United States Treasury. Jan. 1 6 ,1 8 9 5
1.600.000
Jdo
do
Jan. 1, 1896
2,112,000
J<Jo
do
Jan. 1, 1897
10,01 1.120
V
do
do
; Jan. 1, 1898
9.107.000
J -:„ „ do
do
Jan. 1, 1899
1,000
1.970.000
J. N.Y., S.Pac.Co.,23 Br’ d. July 1, 1899
1,000
765.000 ;
_ , Jdo
do
July 1, 1899
1.970.000
. Various Umted Slates Treasury. 1897 A 1899
1,000
5.932.000
J. A J. N .V .,S P a c.C o.,2 3 B r’rl. Jan. 1. 1918
1,000
4.358.000
J. .V S . P . u - . Co.,t London Jan. 1 , 1918
1,000
2.470.000
0 .:N .l„ 8 o .P a c . A London, Oct. 1, 1900
1,000
56,000
do
do
Oct. 1, 1936
1,000
12.233.000
N .Y . A San Francisco. Apr.
„ 1, 1939
1.000
020.000
100
1,000
1,000
p
m
?
v - = Li . ” •
« •ly . 1,. 1899
—
‘» Ju
3
aup.uuo, c ov er the read and franchise* from the State Line to live m iles
OwtSkMA.—I'tcsHteuL 11. 51. CiiiBtt, Savannah, 6 a .: V left-president. west o f Ogden, 398 miles, "eric* A. $2,995,000, 6s, extended from
John M. Egan.—(V. 65, p. 15 0 , 151. 3 2 4 , 327, 110, 6 1 6 .)
Ju ly 1, 189., (see V. 62, p. 1086i iml scries B, C and D ($3,383 000
« « e u d c s i rretn July 1, 1896. an,! series E extended from Jan.
C e n t r a l U * « m c Ii b m U « It I t .—Own- North Cambridge to North- f
/,n
to
" '• I '/ ’Or Mass . 9 » mile*. TtiesUH* is $7,419,202 (par $1001, o f which 1, 1 9 9 A
aaJan.
IlCXlti'.1..***1898.
*••infat 5 pat.e rcen
a11 1 t, art; subject
I , ... to call nt *par•4In**
$3,949,102 Is preferred and control* the com pany until
cen t dividend* shall have been canted thereon la any one y
i* * * t« D u settlement o f certain .ccwnui- with fee* ton
a d lrld eod o f 1% p. tv was declared on p referred tr
18 90,1 % p. e.; l.u 1807, May % p. c. Leased to Boston A Lowell
years from O ctober 1 ,1 8 8 6 , at a rental o f 20 per cent o f gross eat____
o p til $1,000,000. but with a guarantor at nuSBcier,! rental to pay It,
C e n t r a l N ew V / » r k & W e s t e r n I t K , - d t O t » - I M f u t , N. Y
to PcrkliMVllle, 41 ml!,-*; branch io_ Hornet tortile, 11 m ile*; A ngelica,
U .^ '. v*xk
SR E SSK ^ SSS 5 S !!
"*E" on Juaei, tmm
‘
*S
Fttcl Bc’*
J.rirtolpnl
E ta s fx o s —For year ending Ja n e 30, 1897, gross. $7 3,93 3;i,M“
„ , .i i 'n d 'S c r e s f t ' ^ Y .
96.M B; tofetest, $12,710; b a t . deli, If fur year, $6,071. in Isy.VH,
grt>*», *70 ,693 ; net. f 9 ,8 3 7 .- t V . 6.3, p. 3011.)
• orTt^.7
. E o i t r w l O b i o K i t , —Own* fr, rnx Retlalro. Ohio, to Columbus, O hio, V ... v, „ .
■,
v c ..
soli! nern
137 tulles, o f which Newark to Columbus ,33 mile* doabl* irack.-di 1* •,u
* ?,V! ‘ ,l> “ (T*1
**.788,000 Guatem ala Central RR. «r * t
own*.) lotntlr with PHIS. O n . Chic. A 9c Louis; operates branch, 7 mil#* ' ***• “ n<1 tu
ca«h and coupon* due Jam 1, 1897, $160,436,
Lea*** o f Columbus A Clndniiurt Mnl,am! no<( stand ii.kv M mstl.-td ALasm O h vs r - Total land grant was about 12,000.000acres o f which
" A V- '>“ ■*«>« 3®. *496, the fi. A O . ow ned
2 3 * 0 .0 0 0 aw es had bean sold to December 3 1 , 1894. ’ J a b * In
«87«,A ,0 Ccut. Ohio eomtnon rLntk.
; 180«, 38,6*4 acres; eanedUaUou*, 17,970 acres. Land o o n t r io t e o "
L saako to Baltimore A Ohio UU 1926 with option o f renewal; rental, ,
*“ / “ «?*?•
principal o f d,
3 5 p e r » n t o f gross earnings, with minimum guaraotoed o f $160,000.
ferTea
$*->3.0b*l- Interest *•«
on deferred
paym
ent#,
# “09,524.
-----* ......
.......
* *1
----E
x
R
*r,so*.-7
m
onths,
t
1897......Gross,
$
7,216
,049
;
net,
$2,760,083
8cw
earnln,t* »P l’ ll«* *• Interest on b o 'n d a Jan. 1 to July 31.
1 1 8 0 6 -----Gross, 6,729,610; net, 2,310,841
SfroCKHAND BOSW.— M/iekAotdtrC Commute*.—Basil B. Gordon, J- . 4.-N SCALR a r o iiT .-F is c a l year (since 1896) ends June 30. A betraot
i t Blem au ao.i W. H. ('o a k lin g .—V. 64. p. 180.
o f report for j tsar ending Doc. 3 1 ,1 8 9 6 . was given In V. 64, p. 884, «9 7
Ctreu|ari*wn*dk> stockholder* by Central Ohio directors was given
1’W ending Dee. 31 1800,
] 80S,
1894.
in v . 6 4 , p. 523, giving the tS, O. earning* and report o t stockholder*
Gross earning*............................f 12.527.084 $13,045,657 $ 1 3 ,1 1 8 ,2 4 5
oicniH tee It. y . 1. 1897, m V. or,, p , 778. bee v . U . p. s o o 778,
$6,700,489
. “ Sf.^cscrlption o f m ortgage, etc., on p. o o f ly re * r u n * ' 8 i: i t i > u k v i , Operating exp., taxes, r e n t* ,., $8,355,594
$8,728,238
3,333,102
April, 1*06. s e p t , 1807, coupons Were paid when d ue.—V 65, p. 410 Interest <>n funded d ebt............ 3,294,150
3,358,920
Sinking fund requ'irem en ts...
235,00(1
235,000
185,000
O i v i m w from 1882 to N ov. 3 0 ,1 8 9 5 , 6 p. c. yearly ; n on - since
un ited State# requirem ents..,
044,574
648,390
599,701
g * « 8 W 0 # .- l n 1890-97 grm*. $1,228,528; Set, f 133.803; rental, Betterment* and addition#
146,492
237,854
111,787
(paid o n ly i s part by ]«*•«#), $129,285; taxes, etc,, paid hv leasee
$43,284; hat,, lorn to leasee. *38 1.961, In 1*054)0 gross * 1,109 l o tT o ,a l...................................* 1 2 ,6 7 0 ,8 1 0 $18,214,335 $12,973,652
oet, $152,083. (V. 64, p. 316, 523, 366, 8 12; V. 65, pK 110,778.) ’
'
O n t r a i P a clflc B B , - f A / Hop o.r Sou thern P a n ,r t c .)- H o * n .~
d w - ¥168' 678
$ l w ' 693
L ines m* nett—
it He*.
Mite,C e n t r a l l i y . o f N e w H r t l l l a w l c k .—See T . 63, p. 116.
Ban Francisco, Cal,, to near
Braaehcw to ban Jose, e t c .. .
Jo
S S ffja * * * .
- l e r *•■>.— See Map)—Ito a o - O perates from
TV&seMrt.**SA—
Ogden. Utah.......... ...........
872
sterly to W flkesbarre and
Lat&rap, Cal., to n o sh e s. Cal. 148 Northern tty,. M ain Line.......
6
e coal fie ld s; algo southBoaevlBe Junction, Cal., to
Union Pacino into O g»len ....
5
New Jersey, etc.:
Oregon sta te l i n e ....... ....... 296
L ines owned in fee.
Miles, Lehlgh & Susquehanna, PUtlJersey C ity to FhllHnaburg,. . , 72
lipshurgto Union J nno., etc. 1.174
T,1
tSirt1?
1 8 9 :..leased to Smithcni Paelfle cam panv. In Sundry branebe# _____________
g3W llkesharre A HorauUm U.......
3
*Je c ai.1^ 3 '
* * * • ’ cheeked that henceforth Uie Central Farm*
Entire tloek owned.
Lehigh A Lackawuunall.......... 35
stockhnhlcrs should receive dividends only If earned. IV. 56
q r i , Long Branch A Seashore_____
0 Other lines.................................... g
r ,,n,
Mr'
nndertmgk on behalf o f the b/iuthlrn New Y ork & L on g Branch RR.,
Allentown Term. (oper.Jointly) 8
5*® c'*',nr? ! Pacific shareholders shonid receive a minimum
Perth A m boy to Bay H ea d.. 39
Trackage*~
dividend of 1 p e rce n t, guaranteed by the
P »c— the first paym ent
New Jersey South'll K R „ L ong
Util/m Crnil K B .............................. j o
'tin f ,l X f •SSLt’.J* made on J o ly l . 1895 and the second payment
Braio-h to AtaSon, eU*______. 78 Fa. Pongh. A B oston .................
2
J&B X, I-NJ0 TXtfkl lltft M B iiis iti 6f t t r a M u sluill
uzitil Other line* (no d e b t !.........
139 Tresekow B ranelt......................
5
■mdaft/'tory legtsiatien has been obtained for the adjustment o f the
debt to the Governm ent, when the dividend will he increased to 2 per
Total operated Jan. 1 ,1 8 9 7 .,0 8 5
ecu , for a guaranteed period o f tw o years, iV. no. p, 1144.)
1
17,
London StorkAaldert' Committee.—P. (J, Banbury J B ASrenvd N eaqu ehnnln g V a lle y «r........ .
Alwytie G raiptoo, Daniel Marks. K D. Peebles, Jos, Price' v u y T h„re*„rei oS? ’n,)? ,' v' , 1 806 ‘ •; l,K h C o a !* n' !iv- !» "M isc. Companies.”
i, I*'*; 670. Nri- fo r k Sbickhotetre- Oam m u'r.r,-Chairman, A ugust K l? r A ^hlo0L * i r „ Om#.<!<'J ,a 1o ,’ ,l..?O ' ' ' lk*" ,,f four tracks. With the
Belm/mt; J. O. Carlisle anil George Coppell.—V. 65, p. 728. The New i i x , 7 h i
,h
* Reading operate# the “ Blue L in e” beYork and London com m ittee will a ct in harm ony.
h T w n .fa .S S 1
t h.° Srmtliwo-t and New York, the B. A- 0 . tracks
.nrm Markiage Commfiiest—See Speyer A n t 30 Broad # t N y
\ l taring used to Philadelphia, the Beading to Bound Brook and the t en
m ajority o f these bond# rtep o*ited .-»e# V. 6 5 . 776
j tou 47* *1. to Jersey c ity ,
torn me tee Catit ■ o f 11)39,-S u e ; or A Co., New Y ork; Deutsche Itunlf ; , HrtTORyv—Chartered In 1949, From May, 1883, to Jan. 1, 1887,
fr Berite and T eU eira b e Mattes B r o s , In Amsterdam. -,8ee v. leased to Idilliidelplila A Reading. R eceiver, were In possession from
m-t* p.
Jan. J, 1 8 8 /.BB January, 1888, Reorganised in 1987 without foreU ' - , 44• P- 714, 716. Operated from February to
mnfnrV‘ Z , 7 , { nj 7 r Z t
not p s f . M / m, sutoddy loan till the bond*
l’r Port Reading RH. Co. Dividends were
[IresVI ; r Z lt1 1 '*
act provide* for paym ents yearly to the
sinking fund, 9ee t , 60, |i. 2 /6 . bet. 1, 18!),, principal duo Governe o a f properUs# see LeWgh A
Uaneoun."
S 5 S L "?J ^ -1
Interest, $35,939,349: on Western
Faetne t/>an. principal, $1,070,560; Interest, *3.304,562. Bonds In U.8. DlViOKSlM.— ( '89 •00. ’ 01.
-92.
'93, '94. '95. 'DO. ,97,
P er cent,
t
3
ThrJe .rn'm iniloI.
$ 4 3 7 .0 0 0 ; cash uid» v«5*tcd, $6,907,068.
6
0'3
7
7
7 5-tfl 5 Below .
S d sd lin™
W
* c n " ‘ ‘' a« aln» t Os*, for transportation on nonIn 1807, Feb., Id* p, 0.; May, I p, c.; Aug., 1 p. c.; N ov., 1 p. 0.
Bmnm.—New Jersey Southern tie carry the endorsed guaranty o f the
X y r ib A k W -t 1668903.
1994.
1805.
1906.
1897.
P ercen t,
t 2 yearly.
None,
*a
1 p, «, J a n . , , f l y „ )* Now d ork A Long B ran d i. Central N. J. general 5s arc reserved to
retire
them a , maturity. Total iw n e $1,500,000, all but $411,000 being
Boxt/s, Ot the first mortgage 6* o f / X j - f , Series S to D, aggregating hem turner
the Central s general mortgage.
24
ESTVESTOKS5 SUPPLEMENT,
|VOL. LX Y -
O c t o b e r , 18 87.]
RAILROAD
STOCKS AND
BONDS.
3 .V
S u b a e rlb e ra w i l l c o n f e r a ;r i- m f a v o r b y g i v i n g i m m e d i a t e n o t ic e o f a n y e r r o r d ln e o v e r e d in th e s e T a b l e * .
K A II.W M lIf.________________ MUe9
Date Size, or
g „r explanation o f colum n headings. A c., see note* „ f
of
on first page o f tables.
Road. Bonds Value.
C entra l Ttnilruad o f y e w J e r s e y —fCcniel'd) —
Convert, debenture*, c o n v e rt Into stock tail 180?
Lone Br. * Sea Shore 1st m „ Higfcl’ds to L. B r .c
0
N. J. So. 1st M., L. Br. to Atsion,etc.(assumed).o*
78
Cent.KR.o f N J.. «.rn.u.orU..r$:V.i.000,i>00,<.,c.t:
R eal estate bond and m ortgages.................- •- - •
Lehigh Coal * X av., m ortgage, gold, assum ed----Guaranteed Bonds—
AJtn.Doekft Imp.Co. 1st XL, gu., redeem, at 1 1 0 ...e
S. Y.A L 'gB r'h 1st M -.red.iu 1 8 98at llO ,g o !d ...e '
Gen. XT., for $2,500,000, g.,P.Am b.to B.Uead.e*
38
Central RR. o f P enruytr a a ta -B o n d s , SI ,200,000. .
Central o f South Carolina—U l m ortgage, g o ld ., c
40
Central Vermont—Consolidated KE. o f vt. 1st at.
185
Cent. Vt. 1st consol. M. for $15,000,000. gold.eftr
E on ip m ett bonds, gold, drawn at 100 Jan. 1.. ... i
x k w i M O R U I t o KB I « f H > CSbER F44S—
1st m ortgage. *10,000,O0.> gold ...........................
2d (adjust.) M !!n-..:m -.ne:u)A A B .$4,0S0,pOO,g.
Central Washing .,n BR.—1st m ortgage, gold. e*&r 108
Centralist * Chester—lUieeivt-r'» ctfs., * 2 0 0 ,0 0 0 ...
1st mortgage, $12,000 per mile, g o ld ................. «• *94
C hari. C lentttnnin d S a l .-
1st M.g». *30,000p.m V
Charleston ,t Mason By. - 1*t M „ $12,000 p. m ., it.
Charleston <t Northern—1st m ortgage (see t e x t ...
Charleston d Sattmnah—General m ortgage. gotite'
1st and 2d prof, toe,, $1,000,000 each, non cu m .
Chart, eh West, Car.—W M . , ( (#8.000 p.rn.i C .e 'k r
Incom e M . g.. non-cuns. (07,000 p er ntlb*> G ,e*
Ohartitrs—Stuck ...............
1st mortgage, guar. p. ft t. by Penn. UK---------- ,i
Chaleaugay ft A’ .—S tork...............................................
V On coupon bonds Jft J; on registered bonds Q.
i<>3
103
23
IXTEREST OR DIVIDENDS.
A m ount
R ate per When Wliere Payable, and by
Wliotn.
Cent.
Payable
M. * X. X. Y ., Liberty Nat. Bit.
do
do
J. & D.
J. * J.
do
do
do
do
fa rio
X. Y., 143 Liberty St,
5 g* Various
6 g. J.&D.15 Phila., Leh.C.ft Xav. Co.
Stocks—Last
Dividend,
1883
1869
1879
1887
$ 1,000
$465,000
197.000
411.000
ROOfte.i 41.604,000
307,100
1867 500 &o.
2.310.000
6
7
6
1881
1882
1891
1,000
1,000
1,000
5
J.
5 g. J.
5 g. M.
ft J. X. Y ., L iberty X at. Bk. July 1, 1921
do
do
Deo. 1, 1931
ft L>.
do
do
ft 8.
Sept. 1, 1941
300.000
1,000
7.000. 000
; Bee
III loofte.
1,000
text.
400.000
1,000
5 g*
4 g.
6 g.
ft
ft
ft
ft
1897
.........
189?
...
18*8 1,000dec
5.950.000
4 $.
Quar.
................
Feo. i . W l »
4 g. Incom es;
................
1919 m s
6 g. M. ft 8. M o b .,'93, coup, last pd, Sept. 1, 1938
1889
1894
1896
1,000
1,000
1.028.000
1.000.000
1**6
1880
1806
1896
1.000
1871
1,000
100
l.ooo
600
4.987.000
1.500.000
142.000
1881
1,000
1,000
1,000
50
1.750.000
800.000
1.500.000
2.000,000
2,720 000
2.380.000
645,300
500,000
75,000
J.[X . Y „ Cnyier. M. & Co.
J ,J u ly ,’96,eonp.last paid,
J. Ju ly,'96,coupon unpaid
J. J an .,' 97, coup, pd.at m at
May 1, 1908
Deo. 1, 1S99
July 15, 1899
July 1, 1987
Various dates
Deo. 15, 189T
July 1. 1921
June 3 6 ,1 9 1 3
Jan. 1, 1943
$25,000 y’rly.
5 g. J. ft J, Interest in default.
J u i y 'l ,"1*919
5 g. A . ft 0 . FhU.WstEndT.ASJD.Co O c t 1, 1944
1936
£* I
Mch. 1, 1916
4 U
7 g. 1 ' ft J\ X .Y .,12 W .23 ft Cha’st'D Jan. 1, 19367
April.
See text.
; Irredeemable.
5 g. A. ft O. X .Y ., Chase Xat. Bank. Oct, 1. 1940
5
O ctober!
i f earned.
O ft, 1. 194(5
O ft, 1, ’07. 5°n
1 0 to *87 A. ft O.l
...............
7
A. ft O. Philadelphia,Fenu.RR. Oct. 1, 1901
Of the general wort, o f r*Sy(*ee abstract o f m ore V. 45, |> 402) $8,- \ B ox b s,—O f thn eonsoli,toted mortgage four* for $15,000,000 {trustee
396,000 on Jan. t, 1896, w ere reserved for th e prior Cent, X, J. bone* ) American Loan ft Trnat Co. of Boston1 *3,000,000 have been Issued, o f
and also fo r the follow in g; X. J- Southern 6*. 1 4 1 1 ,0 0 0 ; Lehigh C oal , which *2.896,000 were out standing (June 30. 1990), »< collateral f o r
ft Navigation 6* o f 1897, *2,3 10,0 00; Long Branch ft Scathe** 7* loans and 8101,000 were In the treasury.—'V. 03. p. 358.
*U>7,OG0. A ll the old bond*. It will be noticed, mature within a few i Bee general balance shoot In V. 64, p. 606.
year*. General m ortgage trustee 1* the Central Trust Co.
4 X S P R R eroB T .—Flsevl year ends June 30. E xpert L ittle's r ep ort
See New York <t Long Branch bonds In S errrjE u ejrr o f Jan.. 1897,
on the property fo r the three year* en d in g Ju ne 30, 1880, was given in
V.
04, p. 006. For the three years ho charges o ff a total o f #6 32.8 70
O m w t PtSAXCKA, A c. — A* to saving by refunding 82,310,000 Lehigh C. A X . <5* iu 1897, see V. 6 4 .1). 466. In May. 1897, fo r "addition* and betterm ents” and ••impairment o f equ ipm ent."
Tlie
result* are »■ follow s fur fiscal years 1806 and 1895:
President M axw ell stated regarding the floating debt that "th e i
Lehigh ft Wtlke»barro Coal Co , excepting $375,000 borrow ed m o n e y ,! E xclu din g Rutland RR. and Ogdenabnrg ft Lake Champlain, w hoso
ha* n o floating debt other than that due the Central L it C «. o f S e w S
' tease* h ave been abandoned by the Central Vt. raeelrera:
Jersey. T he Centrist RK. Co. o f X*-w Jersey ha* 81,100,000 b o rro w e d : Year end.
Cross
Set
Mr. L it'W s Rentals,
Balance,
m oney. The tw o eompaale* have ooftl on hand, co a l account#, cash in j June 3 0— earnings, earnings, deductions, taxes, r e. sur o r d e f
bank and cash item* tn exoes* o f both the above-nam ed am ount*,"— ! 1695.06.. *3,493.490 *1.006.018 $177,511 $958,593 d ef.*3 o,8 9 0
V. 64, p, 10 U .
1894-05 . rs.2lH.547
047.012
79,545
870.851 sur. 28.516
E ak NWO*.—8 m onths,> 189 7.......G l t o , $8.040,736t net, *2.959,604 1 - ( V . 64. p. 4 1 ,6 2 ,3 7 3 . 510, 567. 6 0 6 .9 5 2 , 1089; V . 65, p. 515, 806,728
January 1 to A ug. 3 1 .5 1 8 9 6 ....... Or»»*. 8,1 05,1 44; net, 2,852,583
C e n t r a l W a s h i n g t o n U K . —Cheney to C oulee City, Wash., 125m .
A xju ai. B *r*>R r-A nnual m eeting Is held o n Friday next preceding
SoxoilOLbBM * eoMMiTTBB.—A. M. H oyt,C hairm an, Xo. I B road w ay.
second M onday In May, The. report fo r 189*1 was In V. 64, p. 283.
C. T, Baraev and Charles 8 . Eddy: depositary, K nickerbocker T rust
Tear ending Dee. 31.
1800
1*95.
1894.
Passenger and freight.............. *6,655.177
*6,766^53* *0,347,239 ! Co. T rust Ou. receipts l i n e ! to S ow t o r k In J u ly, 1801.
Anthracite coal — ................... 5.381,111
5.727,220
5.273.82.•
R rjjttlve hship .—C. B, Chatnhcrlaln o f Spokane Is sole receiver,
M ali,express, e t c . . . . .................
543.162
!U * M t
400.953 K nickerbocker Trust Co.. Mow Y ork. v.'». appointed trustee o f murtX. Y. ft L B . D iv is io n ............
465.017
47 0,76*
45 8,44 0! g og » Sept. 29. 1805. S x l k .—Decree signed tn M ay.—V. 0 4 , 1>. 951.
T rackage.......................................
72,881
92,434
89,485
('• • iitrn lla ft C h e a t e r K i t . —Owns KvausviUe, 111., to Salem. 1)1.,
T otal *ro*» earntog*.______ $13,117,330 *13,508,024 *12,6*9,911 and Sparta to R oslm roocb, total 04 miles. On Juno 7, 1897, C. M .
Foreman o f S im tortile. Tetra., was appointed receiver—see V. 64. p.
X rt ov er expense* and taxes .. 84.798.783
*5,272,969
$4,221,037 1137. R eceivers' eettltteate* l o t $'S(M,000 antburlxed in August, 1807,
Incom e from investm ent*___ )
,,,,
773,158 J
* ? < ( ;! %o to com plete lino from E vau -villc («, C h -d c r .—V . 05, p ,2 8 5 . S tock,
Premium account.......... .......... f
’’ * * * • « '
*1,028.000. Farmer*' L oan ft Trust Co. l n i d e o o f tl>« m ortgage. For
Lehigh ft WtUta. coupon*------1428,120
1128,120
1428.120 year ending June 30, 1805. grass. $59,271; not, $3 5,01 0: Interest,
#34,800: b a k a c e , surplus, $219. (V. 04, p. 1137; V. 63, p. 334.)
T otal net in co m e . ............ *6,067,312
* 6 .4 7 4 ,5 4 0
*5,303,033
' h a r l e s t o t i f l e a d s a u l i t f t S u t t o n K i t , —O v n s road, comInterest on d e b t _____ ............ 03.030.029
*2,955,166
*2,07.1,58? ptoteii lit D eeeiaber. 1895, from Charleston, \V. Va., via Clundeunln to
Steal*)* paid ....... .
............
1,641,048
1,691,091
1,557,350 c la y Court House, 31 miles, and under oonstructiun via Clay C ou rt
e n d s ...,..............
...........( S il,124,850 t5> 1,124.850 (7)1,574,790 House to Sutton, 49 miles additional. Capital stock authorlied, $3,Di video
nOOJXMi; par, # 1 0 0 ; outstanding March, 1890, $367,300. First mort_ Balance.............. ................snr. *271.115 sur. *703.438 def. *642.702 I gage *3,000,000. (#30.000 per mile) Is to West End Trust ft Safe
1 Not paid in cash, bat sotlcctibb* June i , 1800, Bee L ehigh ft Wilke*. Deposit Co. o f Philadelphia, P a , as trustee.
- tV, 62. p. 3 1 1 , 3 0 0 ; V. 64, p. 2 8 3 . *06. 706. 1041,1
L i t k *t K u s v s v . s —11 mo*., » 1*96 ....D ro s s , $19,780; net, $23,028
C e n t r a l H U . o f l * * - n n » y l v a n l « .—Owns Belief o r. t« (Penn UK .
Jan. 1 to x « v . 3<).
•• 1—.I 5 ___«ro*.-. 43,890; net, 21.620
to Mill Hall, Pa. ton Beech (TeeIt BR.) 27 m iles: branch 4 m ites;
President, John II, Drake, Philadelpbto; Treasurer, IV. 8. D rake,
operates K lttaay V *b B R ., 7 mites, f o r t e a r i89.V0,fpross, #51.970; 1328 Chestnut Street, PblimlelpUlo. V, 01, p. 1012.
net, $307 j char**#, *14 ,053 ; deficit, *43.846. stock . *1,2 00 000.
C h a r l e s t o n A: V f a e o n I t y . —P roleeted from C h a rlw itotttoA llen C e n t r a l B R . o f S o o t h C a r o l i n a , —Owns from Lane. 9. C.. to
« t r ., about « o mites, to eonueetlOB with too O reenw ood A nderBnujter, 8. C „ 40 mile*. Leased to the SortbesMtern and the W ilmington ! itate.
•on ft W estern (Carolina Midland). See V. 62, p. 1138.
Columbia ft Aatw-sta R ltco m p a n ie s totally ; rental *31 ,000 yearly.
C h a r l e s t o n ft N o r t h e r n It I t . —Operates from Pregnalls, S. C .,
Sleek #170.000, par *30. In year ending June 3 0 ,1 8 9 0 ,gross earnings.
to Olbsott Station, X. O., 132 mile*, and branolMM. 18 miles. A reorgan*98,601 i net. #35,742. In 1394 95 grass, * » » .4 5 4 .- V. 64. p. 887.
tion s*th e Charleston Stunt, ft X o,. sold at foreclosure Fob. 15, 1895.
C e n t r a l V e r m o n t I t H .—Operates from Rouse** Point at the north j ira
A fter reorganisation a m ortgage fo r #800.000 was Issued. The road
end o f Lake Cimmpbkto aero*# Massachuseti* to X e w L ondon, Conn., on i was thou divided and ptiruhased as fo llo w * : From D arlington toLong Island Sound, with branches. Mystem Includes: See V. 04, p. 600. North Carolina (toe. about 35 mile*, by Chorew * D arlington; DarllngEntire stork aimed—
Miles. I Leased L ines— 'Son'd.
Miles, ; ton to Sumter. 38 m ile*, and E utaw vllle to Pregnalls and branches, 4 0
M ontpelier * White K ir, RR, , 14 | Ml«la<|Uol V a lle y ............ .......... 29 ulle«. total 78 miles, by M anchester ft August at Sum ter to Merrlam,
Htauateod &tieffofd&<luui!bSy. 4 3 ! Moult*- «l Portland ft B oston .. 40 : 30 mlio*. by Wilson ft dum m ortoa. Each division w as sold su bject t o
Lease d TAnee—
.M ontreal A- Verm ont J u n e ... 23 the m ortgitgoon that division. T otal o f the m ortgage is $800,000 and
Consol. BR. o f V L —
I Xew L on d on ft Northern r ....... 159 ; nQ the bond* are held by the ' ‘A tlantic Coast Line C o." The bonds a r c
Windsor to Rouse's Point,► l.e.170 j
----- ; guaranteed «* fo llo w s ; $250,000 by the Cherttw ft Darlington ; $420,BaTiington ft Lam oille.............. 261 Total op'd (f See these c o -*.) .310 00 0 by Manchester ft A u g u st;); $125,<K)0 by W ilson ft Dummerton.
B is to r t .— A consolidation o f Central Yt, with the Consot. RR. o f j (V. 54, p, 525 ; V. 60, p. 130. 319.)
Vt., «te., was oflirtaity reported in 1992, but apparently never nonsmn
C h a r l e s t o n ft S a v a n n a h B r . - Owns from opposite Charleston,
mated. Rutland RR . vr*« snrrenderwl May 8. J8H6, V. 62. p. 969. and 8. C.. to Central R R at Savannah. O k , U S miles, and branch 6 mtles,
Ogt'em ft Lake Cham. March 2 2 .1 8 9 7 . V. Ot, p. .467.
all steel. Operates from Ashley Junction to Charleston, 8. C., and C en
BECiavr jv m tt. —On M arch 19, 1996, Charles M. H ay* and E. & tral R R o f Ofurgia, crossing to 8. F. ft W. R y. at Southover, 11 miles.
Smith were appointed receiver*.—V. 62, p. 588, 034. Into rest due Jan Green Pond W aterboro ft Branchrlllo R y., 14 miles, Is controlled In
same Interest but operated separately. Belongs to Plant system.
1. 1997. on to e Consol. RR. o f Vt. 5* waa not paid.—V. 64, p. 82.
SBCUKrrns*.—Interest on first Incom es: for 1888, t o p . ct., for 18 8 9 ,
f t " . •The Cheney CoiranSttre, to Sept., 1997, Issued a p l a n o f re
organUattob w hicb w as given to V. 65, p, 5 I S and provtd*-;- fo r *10 .- 2 ; for 1 8 0 0 ,0 : fo r 1 8 9 1 ,0 ; for 1 8 0 2 .5 : for 1893, 4 : for 1 8 9 4 ,1 p er
OigMlWknew l.*t totan. 4 p, n. «n * l Imads, 2d (ibijnsim ontl ojortgago cen t (paid in April, 1893). Stock, $ 5 00,0 00; par, $100.
***?*•«R K U #!.'»30.0<*iab4 ‘*B*f Immla*3,<ttN».0i.io: eapRal stock niideE a s x i s s s —2 m onths, ) 1807.................. Gross, $75,308; net, 84,400
elded. Consolidated R R o f Vt. 5s receive 83 p. e. In new 1st 4a and
July I to Aug. 31.
| 189 6.................. Gross, 63,176;
def, 13
15 p. <?* tB 2*1 M. A t and fo r Interest to Feb,, 1898, 2d M. Bs at par.
The Grand Trunk B y., w hich will be the sole *toeWi«*J*ter o f the m i
com pany, agrees under a traine contract to m ake good any deficiency
In earnings to meet Interest on the new firsts and series A bonds, up t«.
3 0 p. c. o f Grand Trunk gross receipts from traffle Interehaugod.—V. g ro ss,#551,706; net $ 1 1 2 .1 8 3 .-(V . 6 1, p. 42 1 . )
... 515,* . c
C h a r l e s t o n f t W e s t e r n C a r o l i n a B y . —P ort R oyal, 8. C., to
B osb «v (,rj*R s' c o w w r r r w .— Consol, B* —Beniamin P. Cheney, o f Augusta, Ua., 1 12 m .,and SpartJMib’ g, G reenville and A nderson,230m .
H isto ry .—A reorganization and consolidation Got. 3 .1 8 9 6 , o f t k o
B oston ; Samnel E. K U ner.X ew York (Hillings estate); E*rn H. Raker,
o f Lee. B ta g ta m i ft Co., and H enry D. Day, o f R L, D ay ft Co,: do- Port Koval ft A ugusta and Port R oyal ft Western Carolina, purchased
posltarv, American L, ft T. Co.. B o s to n .-V , 62, p. 634; V. 04. p. 5 1 6 ; at, foreclosure sale by Thomas ft Ryan. Sto c k .—$ 1,200,000; par, $160.
V. « * , p. 728.
EUr v i s o * . - I n rear 1895 00 com panies now consolidated had gross
l i n e 3 0 ,1 8 9 6 , theGentrai Verm ont had outstanding #1,000,* earning*, #700,280; out. $01,512. In 1891-05. 8852.606. President,
OOO stock sndCoitsol. o f V erra«nt*750,000 prof, and #3 00,0 00com m on. .1. B. Cleveland, Spartanburg, 8. C.: Secretary, A. C. Jop lliig ,32 L iberty
8L , Xew York. (V. 63, P. 165, 4 0 7 ,5 5 9 ; V. 04, p. 753.)
For securities owned June 30, 1890, see V. 61, p. #06.
j
i
INVESTORS’
2 6
SUPPLEMENT,
[Voi,. LXV,
S a b a crib e rs w i l l c o n fe r a g r e a t fa v o r b y g i v in g im m e d ia t e n o tic e o f a n y e rr o r d ia c o v e re d in th e se T a b le s .
Bonds—Prlnc IINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
Am ount
Par
Rate
per
of
When
of
Where
Payable
,
and
bv
Stocks—Last
F or explanation o f colum n headings, &o., see notes
Road. Bonds Value. Outstanding
Cent.
Payable
Whom.
Dividend.
on first page o f tables.
39
Chateaugay R’ »/—1st M., guar. p . A i. D.& n . Canal
22
Chatt. Rome & Southern—Rom e & Car’lton lstM .,g
C. R. A S. 1st m ortgage, $500,000, gold U ........c*
Chattanooga Southern—Stock ($750,000 is p re f.)...
89
1st mortgage, g o ld .................••- - •
89
Incom e m ortgage, non-oumillative, $750,000—
Cheraw J. D a ri—Stock (At. Coast L. owns $337j700)
*66
1st mortgage, $400,000.......... - - - - - - - - .............. - - - 37
Charleston A No., 1st M., “ Div. A ,” assum ed...
*Cherry Valley Sharon & A lbany—1st m ortgage---Ohes.A Nash.—lstM .,$25,000p.m .,g.,8.f.,n otd’rn.o* *35
C h esa p ea k e & O hio—S tock.........................................
428
Purcn. m oney funding, g old ................................. o’
M ortgage 6s, gold, series “ A ” See t e x t.......... c* (5 0 3
1st m ort.,of 1911, Penin. E xt., gold. See text.c" i 75
8
T e r’ ) 1st ra.,1922, covering 8 m., to Plioebus.g.c*
le t consol, m ortgage for $30,000,000, gold ..c*<fcr 655
256
Rich. A All Div. 1st consol. M., gold. See text.c*
2d cons. M., Richm . via. Lynohb’g to C lifton F . 256
26
Craig V aliev branch 1st mortgage, gold ............c *
22
Warm Springs Branch 1st m ortgage, gold .........c*
1,174
General m ortgage (for $70,000,000, etc.) gold.-C*
Eliza. Lex. A B ig Sandy 1st m .,g ., guar. p.«fei..c* 109
Equipm ent n otes..........................................................
G u a ran te ed B o nd s.
E levator Co. 1st M .,gold,p. A i. guar, b y C. A O.c*
2d m ortgage, for $500,000, incom e, non-cum.c*
New R iver Bridge Bonds, gold..................................
Greenbrier A New R iver R R . 1st m ortgage.......
M anchester city A imp. bonds (8s, $4 5,20 0).......
L o.A Jeff. Bdg. istM .,$5,000,000, sm.p.Ai.,end.1F.*c
Tf Guaranteed jo in tly and severally w ith Clev. Cin. C
1887
1885 $100Ac.
1,000
1897
100
1895
1895
50
1888
1895
1869 500 Ac.
1,000
1887
100
1,000
1878
1,000
1878
1,000
1881
1882 500 Ac.
1,000
1889
1,000
1890
1,000
1890
1,000
1890
1,000
1890
1892
1,000
1,000
1872
1888
1888
1888
1,000
1,000
1,000
1,000
1895
hi. A
1 ,000
St. Lou
C l ia r t ie r s R y .—Owns from Mansfield, Pa., to W ashington,Pa., 23 m.
Leased till 1971 to the Pittsburg Cincinnati A St. Louis (now P itts
burg Cincinnati Chicago A St. Louis); the rental is net earnings.
Capital stock, $645,300 (par $50), o f which the Pennsylvania R ail
road owns $333,850. Dividends since 1886: In 1887, 1888 and 1889,
5 per c e n t ; in 1890, 5*2; in 1891, 7*2; in 1892, 8 ; in 1893, 1 0 ; in
1894, 10; in 1895, 8; in 1896, 9; in 1 8 9 7 ,1 0 p. c.
E arnings .—For year ending Dec. 31, 1896, gross, $277,523; net.
$120,906; int. and taxes, $59,320; dividends, $58,077; bal., sur. for
year, $3,509. In 1895, gross, $262,884; net, $65,219.
C h a t e a u g a y R U . - Operates narrow-gauge road from P lattsburg,
N. Y., on the Delaware & Hudson, to Saranac Lake, in the A dirondack
Mountains, 73 miles. Of this it owns from Dannem ora to Lyon Mt.,
18 miles, and leases the Chateaugay Railway, L yon Mt. to Saranac
Lake, 39 miles, aud the Plattsburg A Dannem ora RR. (so-called),
Plattsburg to Dannemora, 16 m. The latter road is leased from the State
o f N. Y. for one dollar and the free transportation o f freight to the
State’s Prison at Dannemora. The Chateaugay Railw ay is leased for
interest on its bonds, which are guaranteed principal and interest by
the Delaware A Hudson Canal Co.
Built in interest o f an ironm ining com pany and to carry summer travel to the Adirondacks. In
January, 1897, the Saranac & Lake Placid, 10 miles, was leased fo r 17
years join tly with the Chateaugay Ore A Iron Co. Stock, $75,000 (par
$ 1 0 0 ); loans and bills payable June 3 0 ,1 8 9 6 , $67,782.
E a r n in g s .—In year ending June 30,1896, gross, $96,474; deficit under
operating expenses, $1 1,28 7; rentals and taxes. $13,900; balance,
deficit for year, $25,187. In 1894-95, gross, $96.020; deficit under
operating, $7,636. In 1893-94, gross, $8 8,56 3; deficit from operating,
$20,199.—V. 64, p. 182.
C h a tta n o o g a R o m e & S o u th e r n R R . —Owns road Carrollton,
Ga.. via Rome, to Chattanooga, Tenn., 138 miles. Successor Sept. 12,
1897. to Chattanooga Rom e A Columbus, which w as sold in foreclosure
Jan. 13 ,189 7, to S. B org A Co., N .Y., for $500,000, subject to the Rome
A Carrollton m ortgage o f $150,000 (trustee,Farm ers’ L .A T. Co., N.Y.)
Sto ck and B onds .—Capital stock is $1,600,000 non-cum . 5 p .c . pref.
stock and $1,600,000 com m on. First m ortgage is for $500,000, and it
is provided that bonds be reserved to retire Rom e A C arrollton 1st 6s
in case an agreement can be m ade. V. 64, p. 753.
E a r n in g s .— Y ear end. June 3 0 ,1 8 9 7 , gross, $2 20,990; n et, $30,892.
In 1895-6, gross, $241,330. In 1894-5, gross, $211,099.—(V. 65, p. 666.)
$ 200,000
150.000
(? )
3.000.
(?)
6
F. & A.
Plattsburg. N. Y.
Ang. 1. 1907
c g. J. & J. July, ’ 92, coup, last pci. Jan. 1, 1916
5 g. J. A J. N. Y ., Union Trust Co. Ju ly 1, 1947
000
„ 5 g. j . & j .
New Y ork.
400.000
5
366.000
250.000
5
300.000
7
875.000
5 g.
60,497,500
2.287.000
1 «•
2,013,479
6 g.
2.000.
000 6 g.
142.000
6 g.
23.571.000
5 g.
6, 000,000
4 g.
1,000,000
^ g.
650.000
5 g.
400.000
5 g.
23.355.000
■Dag.
3.007.000
5 g.
6
111,700
J. & D.
A. & 0 .
Baltimore.
M. A 8.
J./ j D ./ j N.Y.Off,21 Cortlandt St.
F. A A.
In default.
1925
1925
T)’r1 0 ’96 1 lg%
Apr. 1, 1938
Mob. 1, 1915
J u n e15,1899
Aug. 1 5 ,1 9 3 7
. & j . N.Y..J. P. M organ & Co.
A. A O.
do
do
A. & O.
do
do
J. & D.
do
do
M. & N.
do
do
J. A J.
do
do
J. A J.
do
do
j. & j.
do
do
M. & 8.
do
do
M. A S.
do
do
M. & S.
do
do
Various
do
do
July 1, 1898
Ju ly 1, 1908
Jan. 1, 1911
June 1, 1922
M ay 1, 1939
Jan. 1, 1989
Jan. 1, 1989
July 1, 1940
Mob. 1, 1941
M cb. 1, 1992
Mcb. 1, 1902
Various.
820.000
315.000
170.000
370.000
81,200
U3,000,000
A. &
Oct.
M. A
P. &
(? )
4= g.
4
f g5
5 A 8
4 g.
j
O.
do
do
Oot.
1.
Oct.
N. N.Y., J.P. Morgan A Co. M ay
A.
Riohm ond.
Aug.
1,
1,
1,
1,
1938
1988
1898
1942
M. A S. N.Y., J.P. M organ A Co. Mar. 1, 1945
all the $25,000,000 o f preferred stocks fo r com m on stock and general
mortgage 4 ^ per cents in certain proportions. First p referred for
$32,500 and second p r e f erred fo r $28,900 only was outstanding July
1 .1 8 9 6 . See terms o f exchange in V. 54, p. 642.
B onds .—The series A bonds o f 1878 cover, subject to the purchase
money 6s, the m ain line from Richm ond, Va,, via Charlottesville to
Ashland, Ky., 428 m iles, and are equally secured w ith the P eninsular
Extension 6s by first m ortgage on extension to N ewport News, 75 miles.
The consolidated mortgage due in 1939 is for $30,000,000 (trustee.
Central Trust Company), and sufficient bonds are reserved to
provide for prior liens. This m ortgage is also secured by deposit in
trust o f the $11,000,000 bonds and two-tbirds o f the stock o f the Maysville A Big Sandy RR., [on road Ashland to Covington, K y.], and o f the
Bridge to Cincinnati, all ow ned by the Ches. A O. R R . (See abstract, V.
49, p. 147.)
Richmond <£ Allegheny Division bonds cov er the low -grade freight
route from R ichm ond via L ynchburg to Clifton F orge and branches.
(Mort. abstracts, V. 51, p. 144.)
The general mortgage o f 1892 (Central Trust Co. and H. T. Wickham
trustees) is fo r $70,000,000, bu t additional amounts at $25,000 per m ile
may be issued fo r double-tracking. Of the $70,000,000 as above,
$32,691,000 bonds w ere reserved to provide for the $30,000,000 eonsols o f 1889, issued or to be issued, ete. The balance unissued m ay b e
sold for new acquisitions, rolling stock, etc., but n ot m ore than
$2,000,000 thereof in any one year. The m ortgage covers the entire
property o f the com pany, real and personal, at the time the
deed was made, and all additional property and m ileage
acquired w ith the proceeds of the bonds. See full abstract o f m ortgage
in V. 54, p. 6 4 4 ; also V. 54, p. 6 4 2 ; V. 55, p. 335. In Oct., 1897,
$21,804,000, had been listed on New Y ork Stock Exchange.
The ElizabethVn L exington <£ Big Sandy first m ortgage bonds, interest
on w hich has been reduced to 5 per cent, bave been endorsed w ith the
C. A O. guaranty o f principal and interest, and general m ortgage bonds
have been set aside to retire them at maturity.
The L ouisville & Jeffersonville Bridge bonds, o f w hich $3,000,000
are outstanding, are guaranteed join tly and severally b y tbe Chesa
peake A Ohio audCleveland Cincinnati Chicago A St. Louis; any deficit
ou account o f the b ridge is payable by them in the proportion o f onethird and tw o-thirds respectively—see V. 60, p. 130; V . 61, p. 327,
559; V. 62, p. 84 and separate statem ent fo r L. A J. Bridge Co.
Operations , F inances , A c.—Since the reorganization in 1888, when
the control o f the com pany was p laced fo r five years in the hands of
trustees, the property has been greatly enlarged and im proved. I t is
operated in harm ony with the V anderbilt lines.
June 3 0 ,1 8 9 7 , loan s payable $500,000 a t 4 p . c. interest, due June
30 ,189 8, and there w ere 4*28 in treasury sufficient to liquidate all cur
rent liabilities. C. A O. is also liable as guarantor on the N orfolk
W harf Warehouse A Term inal properties am ounting to $401,232, and
C. A O. Grain E levator 1st m ortgage $830,000.
The interest charges fo r the fiscal year 1897-98 (including interest on
the 4*2 p e r cent bonds in the rtreasury on\June yo, tSq7,) are esti
mated at $3,133,576, against $3,133,471 in 1896-97. V. 65, p. 369.
The steamship line was form ally opened Sept. 7. 1893, and ow n s
six new steamers, using the railroad w harves at N ew port News.
E a r n in g s .— 2 m onths, > 1 8 9 7 ..........Gross, $ 1 ,9 6 4 ,1 0 9 ; n e t, $682,633
July 1 to A ug. 3 1 .
3 1 8 9 6 ..........Gross, 1 ,7 0 2 ,3 1 2 ; net, 5 9 4 ,7 1 5
A nnual R eport .—Fiscal year ends June 30. A nnual m eeting is
field at Richm ond on the Tuesday preceding the last Tuesday in
C h e r r y V a l l e y S h a r o n & A ltla n y R R . —Owns from Cherry October. R eport for 1896-97 was given in full in V. 65, p. 363, 369,
V alley to Cobleskill, N. Y ., 21 miles. In 1876 road was acquired and showed the follow ing. See also editorial p. 348.
(through A lbany A Susq.) by D. A H. Canal Co., w hich now operates
Traffic.—Of the total tonnage (6,491,297) in the year 1896-97, coal
it. Stock, $289,100; par, $50.
and coke furnished 3,046,520 tons, or 47 per cent o f the w h ole;
C h e s a p e a k e & O h i o R y .—(See Map.)—Operates from N ew port products of agriculture furnished 15 per cent. The average rate re
News Va., and Washington, D. C .,to Cincinnati, Ohio, with branches. ceived on seaboard coal was only 2*97 mills per ton per m ile ; on all
L ines owned in fe e —
Miles.
L ines conlr’d by stock, etc. Miles. freight, 4*19 mills. Average tram load, 225 tons in 1890, 325 in 1895-6
O ld Point C om fort and New
Bridge—Covington, K y., to
and 352 in 1896-7.
p ort News v ia Charlottes
Cincinnati, O h io...................
2
1895.
Year ending June 30—
1897.
1896.
ville to Ashland, K y ............ 519 Elizabethtown L exington A
1,360
1,360
1,360
Miles operated.................
Richm ond via Lynchburg to
Big Sandy R R ........................ 103 Passenger earnings..........
$1,847,148
$1,949,790
$1,857,898
Clifton Forge, V a................. 232 Sundry branches..................... 245
7,304,816
8,389,374
7,810,598
Freight................................
L ines controlled by stock, etc —
Trackage to W ashington................. 85 Express, m ail and m iscel.
444,067
460.743
460,911
M aysville A Big Sandy RR.
L e a s e d .......................................
30
Ashland, K y., to Covington, 144
$10,221,131
$9,596,031
$10,708,183
Total
earnings............
S econd track..............................
82
T otal system .......................... 1,360 Oper. expenses and taxes.
6,963,153
6,464,528
7,286,769
Trackage to L ouisville..................... 84Per et. expenses to earns..
(67)
(68)
(68)
Of tbe above m ileage 19m lles is narro w-gauge road. Of tbe “ leased”
21 miles is on E. L. A B. S. and 9 miles on Washington line.
$3,421,414
$3,257,978
Net earnings................
$3,131,50c
11,445
79,326
23,547
H is t o r y , A c.—The form er Chesapeake A Ohio was sold in fore Other inoom e.....................
closure A pril 2 ,1 8 7 8 , and this' com pany organized. In 1888, under
$3,142,948
$3,500,740
$3,281,525
Total and net Inoome.
the direction o f Drexel, Morgan A Co., reorganized w ithout foreclosure,
and the road extended to Cincinnati. The consolidation with the R ich Interest on b o n d s ............
f $3,126,140
$3,098,118
5,914
m ond A A lleghany was consummated in January, 1890. The Elizabeth Rentals o f tracks n et.......
J
935
$3,198,198
tow n Lexington A Big Sandy and other roads were absorbed in 1892. Loss on grain e lev a tor...
13,077
]
7,110
In September, 1893, the Chesapeake A Ohio Steamship Co., controlled Discount and ex ch ’ge, Ac.
7,132
by this com pany, began operations. See below and V. 55, p. 1078.
$18,700
$147,340
$302,542
Balance, surplus.......
C a p i t a l St o c k .—Co m m o n s to c k is $ 6 0 ,4 9 3 ,0 0 0 ; in crea sed from
£ 4 5 ,0 0 0 ,0 0 0 t o th is fig u re s in ce 1 89 2 th ro u g h e x c h a n g e o f p ra ctica lly — (V. 65, p. 327, 348, 3 6 3 , 3 6 9 .)
C h a t t a n o o g a S o u t h e r n R R . —Owns road, com pleted in June,
1891, from Tennessee State line to Gadsden, Ala., 87 miles; Round Mt.
branch, 3 m iles; trackage to Chattanooga, 5 m ile s; sidings and
spurs, 10 m ile s; total o f all track, 105 miles. Organized in Jan., 1896,
as successor to Chattanooga Southern Rv., sold in foreclosure Feb. 14,
1895, and was to be reorganized per plan in V. 61, p. 830, but hard
tim es have prevented the issue o f the new securities.
B onds .—The new firsts are $5,000 per m ile on present m ileage and
$10,000 on extensions. The old bondholders w ere required to subscribe
fo r the new bonds at par to tbe am ount o f 25 per cent o f their holdings.
In Ju ly, 1897, no bonds had been issued—see V. 63, p. 401.
E arnings .—In year ending June 30, 1896, gross, $75,270; deficit
under operating expenses, $1,965. In 1894-95, gross, $66,311; deficit
under operating expenses, $2,582. President, H. A. V. Post, New
Y o r k ; Secretary, E. C. Osborn, 71 Broadw ay.—(V. 63, p. 401.)
j
JSAlt
CHESAPEAKE & OHIO
RAILWAY
le v e lt v n d
jJ
AND ITS CONNECTIONS.
KPlyrimui
Port Jorvi
M m to
v
S c iiu a f c
V^Kagtonj
toiler,
ie a d in i
STOCKS AND BONDS.
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28
INVESTORS’
SUPPLEMENT.
fVOL,
LXV.
S u b scr ib e ™ w i l l c o n fe r a g r e a t f a v o r b y g i v in g im m e d ia t e n o tic e o f a n y e rr o r d is c o v e r e d I n th e se T a b l e s .
Bo/ids—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or
Am ount
Par
Rate per When Where Payable, and by Stocks—Last
of
of
F or explanation o f colum n headings, <feo., see notes
Outstanding
Cent.
Payable
Whom.
Road. Bonds Value.
on first page o f tables.
Dividend.
Chesapeake Ohio dk Southwestern—S ee I llinois Ce NTRAL
1st m ortgage, gold ($25,000 per m ile)...................
Chester Co. Vent.—1st M. ,$600,000, g., s . t , F P . e
Chestnut llili RR.—Stock, rental P. & R. R y ..........
C h ica g o & A lto n —Common stock ............................
Preferred atook (7 percent yearly not cumulative)
Gen. M., Joliet to E. St. Lords & b r „ sterling. ..c*
H.f.bondfllK.C.St.L.&d.lstM. col.),gold, not dr’n.o*
Kansas City St. L. & C. pref. stook, guaranteed..
Joliet & CUlo., 7 p.o. stock,perpet.,guar, by C.&A.
8t. L. Jack. & Ch~, 2d M.(iidw 1st), end. by C.& A.
Louisiana & Mo., guaranteed preferred stock ---1st mort. (guar. p. & i. and later assum ed).......
2d m ort. (guar. p. * 1. and later assum ed).........
Miss. River B r., stook (7 per ot. guar, by C. & A )..
1st M., gold, assumed, sink, fund, dr’n at 100. .c*
Chicago Burlington dk Northern—Stock $12,000,000
1st m ortgage, sink’g fund, redeem able at 1 0 5 ..c*
2d M. $3,625,000, red. after M ay 31 ,189 8 ....... o*
Equipment mortgage—see t e x t ................................
C h ica g o B u r lin g to n & Q u in c y —Stock, see text.
Con. M. c o v ’ng Cb. Term, (now 1st lien) see te x t.o '
Sink, fund bonds (1st M. as ooll.) not dr’n.o*&r
Ch. Burl. <fe Q. Iow a D iv., s. f . 5s, drawn at 105. - }
Towa D iv., s. f. m ortgage4s, drawn at 100.o<fer £
8ink. fu n d 4s (So. W. Div.) drawn at 100. ...c&r*
D enverexten. (collat. tr.) b’ ds, s.f. dr’n at 100.c '
Debentures for Han. & St. Joseph sto ck .........c*
1896
1897
....
....
....
4
1873
1878
....
322
162
162
37
150
101
101
101
. ...
....
1868
1870
1877
__
1877
336
342
1886
1888
1888
1894
755
284
....
1873
1876
(1 8 7 9
) 1879
1881
1881
1883
415
....
$100
500 &c.
500 &c.
50
100
100
1,000
1,000
100
100
1,000
100
1,000
1,000
100
1,000
100
500 &c.
1,000
1,000
10,000. &c
100
1,000
1,000
1,000
1,009
1,000
1,000
J 1,000
$532,800
660,000
N ew Y ork City.
5 g. F. & A.
600,000
e- J. & J. Philadelphia Office.
120,650
6
Q .-M .
18,751,100 See text. Q.—M. 5 N. Y ., Cuyler,M org’n )
3,479,500 See text.
( &Co &Ohio.Tr.Omce $
4,379,850
6 g. J. & J. Lond’n,J.8.Morgan&Co.
1,730,000
6 g. M. & N. N. Y ., Cuyler,Morg.&Co.
do
do
1,750,000
6
Q.—F.
1,500,000
7
N. Y ., U. S. Trust Co.
4 -J 230,000
7
J. & J. N. Y.,Cuyler,M org.& Co.
F. & A.
329,000
do
do
7
F. & A.
1,785,000
do
do
7
300,000
M. & N.
do
do
7
300,000
J. & J. Chio., Treasurer’s Office
7
521,000
A.
&
O.
N.Y.,Cuyler,Morg.&
Co.
6 g.
9.853.000
A. & O. N.Y., F.L. &T. Co. & Bost.
8.147.000
5
3,450,000
J. & D.
6
do
do
908.000
F. '& A.
5
do
do
230.000
A. & O.
6
Q
.-M
.
N.
Y
„
B
oston
and
Chic.
S2,002,800 4 in 1896
28,924,000
J. <fc J. N .Y .,Jlk.of Com.& B o s t
7
a 2 ,315.000
5
A. & O.
do
do
b 2 ,818,000
A. & O.
do
do
5
c 9 ,071,000
4
A. & 0 .
do
do
M. & S.
d 4 ,300,000
4
do
do
do
do
e7,968,000
4
F. & A.
M. & N.
do
do
9,000,000
5
g
a Issne $2,500,000; redeem ed b y sinking fund and ca nceled , $185.0 00; sinking f und asse ts, $1,51 4,307. b , $182,000, and
can celed not included, d . $1,020,000, and e , $1,70 9,600, are in sinking fund uncanc eled and are here included.
C h e sa p e a k e O h io Sc S o u th w e s te r n R R . - (See Map Illin ois
C entral.)—Louisville, Ky., to Mempais, T enn., 392 miles, and branch
Elizabethtown to Cecilian Junction 6 miles, 393 m iles: o f w hich is
leased from Louisville & N ashville their Oecilian branch, 46 miles.
Year ending Dec. 31— 1896.
843
Miles op era ted ..........
Passengers.................$2,116,243
F r e ig h t ...................... 4,338,900
Mail, expenses, etc..
385,140
1895.
843
$2,134,155
4,289,909
378,421
Aug. 1, 1945
Jan. 1. 1927
Sep. l ’9 7 ,l1e%
Sep. 1’97,1%%
Sep. 1’ 97,1%%
July 1, 1903
May 1. 1903
N’v. 1/97,11-3%
O c t.,’97,13i%
Ju ly 1, 1898
A u g .,'97,3*3%
Aug. 1, 1900
Nov. 1, 1900
July, ’97, 3i»%
Oot. 1. 1912
Apr. 1, 1926
June 1, 1918
Feb. 1, 1903
4pr. 1, 1926
Sep. 15 /97,1 %
July 1, 1903
Oct. 1, 1901
Oct. 1, 1919
Oct. 1, 1919
Sept. 1, 1921
Feb. 1, 1922
M ay 1, 1913
c , $3,224,000
1894.
843
$2,043,912
3,881,544
366,780
1893.
843
$2,900,820
4,273,117
392,702
H is t o r y .— Purchased on Ju ly 25, 1896, b y the Illinois Central for
$1,500,000 at forclosure sale under the second m ortgage; first m ort
Total gross earns... $6,840,283 $6,802,485 $6,292,236 $7,566,639
gage bonds m ostly owned by 111. Cent, w ere subsequently declared due
$2,819,492 $2,663,548 $2,910,750
and payable. V. 65, p. 516. Possession was taken Aug. 1, 1896. The Net earnings..............$2,801,737
Other
receipts............
234,257
273,019
241,525
305,336
Illinois Cent, in May, 1897, issued a $20,000,000 m ortgage coverin g
344,779
131
the C. O. <fc S. \V. property—see Illinois Central statem ent and also V. Prem ’s on new stock. ................
64, p. 952. Earnings under receiver w ere in 1895-96, gross, $2,462,$3,061,017 $3,281,346 $3,216,217
Total receip ts.........$3,035,994
4 3 6 ; net, $815,646. —V. 65, p. 516.
$422,772
Rentals paid .............. $430,475
$653,892
$632,987
C h e sa p e a k e A: W e s t e r n H R . - O w n s road from E lkton to Construct.,equip., &o.
52,378
18,785
217,833
26,218
Bridgewater, Ya., 2 6 :4> m iles; trackage, N orfolk & W estern to Elkton interest on debt.......
587,959
527,504
579,618
632,037
Ju n ction , 0*33 mile. R oad opened in A pril, 1896. Projected to tide Dividends................... 1,778,448
1,729,424
1,778,448
1,582,386
w ater on Chesapeake Bay.
Miscellaneous............
169,401
57,342
168,227
24,506
To A pril, 1897, $660,000 bonds issued, but held fo r account o f con
struction com pany, which is building the road. M ortgage trustee,
Balance, surplus .. .
$17,333
$72,727
$196,986
*$236,908
Continental Trust Co., N. Y . General office, Harrisburg, Va.
* In addition $203,705 was paid fo r old claim s to W iggins F erry Co.
C h e ste r C o u n ty C e n tr a l K I l . —Organized in 1896 to construct —(V. 64, p. 3 5 7 , 3 7 0 , 866, 887.
a, road in the counties o f Philadelphia, Delaware and Chester, Pa.
Sinking fund is $10,000 a year; bonds subject to call at 105.
C h ic a g o B u r li n g t o n Sc N o rth e r n R R . —(See Map o f G.B. & Q.)
Road from Oregon, 111., co 8t. Paul, Minn., 343 miles, including track
C h e ste r Sc L e n o ir N a r r o w G a u g e R R . —See Carolina & N. W age 25 m iles (318 m iles owned); other trackage, 5 miles; owns from
Fulton to Savanna, 111., 17 miles; branches, 6 m iles; total, 371 miles.
C h e stn u t H i l l R R . —Owns from Germantown to Chestnut H ill, Completed A ug., 1886.
P a., 4 m iles. Re-leased in 1896 to Phila. & Reading R y., the rental
S t o c k —Jan. 1 ,1 8 9 6 , C. B. & Q. owned $9,840,000 (Y. 50, p. 390.)
bein g reduced from 12 p er cent to 6 per cent on stock.
n d s .— The C. B. & Q. and Chicago & Iow a give a traffic guarantee
C h ic a g o Sc A lt o n R R . —R o a d —Operates from Chicago to St- forB o20
years from ’ 85 o f one-half o f their net earnings derived from bu si
Louis, Kansas CItv% etc., ow ning 542 miles and operating in all 843 ness
to and from the Northern (to be not less than $100,000 per year)
m iles, o f which 110 m iles double tracked.
for the retirement o f Chicago Burlington & Northern firsts at 105; and
L ines Owned—
Miles.
Lilies Leased—
Miles. after March 3 1 ,1 8 9 6 . the whole issue m ay be retired at 105. The
J oliet to East St. Louis.............. 244 Joliet & Chicago—
am ount o f firsts outstanding has thus been reduced from $9,000,000
Dw ight to Wash, and L a c o n ... 80
Chicago to J oliet....................... 37 to am ount in table. See description o f m ortgage in October, 1896,
St. L. Jack. & Chic. D ivision—
Louisiana & Missouri R iv .—
S u p p l e m e n t page 1. Funding notes fo r $230,000 w ere issued in 1894.
Bloom ington to G odfrey....... 150
Louisiana to Cedar C ity......... 101 The debentures o f 1896 fo r $935,000, due Dec. 1 ,1 896 , w ere replaced
R ood house to Quincy Juno___ 37 Kan. City St. L. & Chicago—
by second m ortgage 6s.
J oliet to Coal City, etc............... 25
M exico to Kansas C ity........... 162
In year 1896, gross, $1,839,507; net, $363,343; deficit under interest,
O ther lin e s.................................... 6 Mississippi R iver B ridge............ 1*3 etc., $447,741; in ’ 95, gross, $2,005,907; net, $459,330. (V. 63, p. 879.)
Total o f all ow ned and leased(70 lb. steel)......................................843
H i s t o r y .— Reorganized in October, 1 8 6 2 , after foreclosure.
consolidated with the St. Louis Jacksonville <fe Chicago RR.
In 1 8 8 4
C h ic a g o B u r li n g t o n Sc Q u in c y R R . —(See M ap.)— Ro a d .— O pe
rates a great system o f roads extending from Chicago westerly, reach
ing St. Paul and M inneapolis, M inn., St. Louis and Kansas City, M o.,
Omaha, Neb., Denver, Col., Cheyenne,W yo., Black Hills, S. D., and B il
lings, Mont. The accom panying map shows clearly the system.
Stock .—I n 1892-93 sold $4,636,100 new stock to stockholders at
114 to retire $5,312,000 7 per cent bonds.
Road owned, leased, etc.
Miles.
Controlled and operated, t M iles’
The Chicago & Alton preferred stock has prior right to a non-eumuia- Chioago
C ol........... 1,046 Chicago Burl. & Northern___371
tiv e dividend not exceeding 7 per cent from net earnings and (after Branchesto Denver,
and
leased
lines
Kan.
C. St. J. & Conn. Bluffsff—
paym ent o f 7 on common) also shares with com m on in any surplus.
practically ow ned.................4,607
Kan. C. to Coun. Bluffs, etc. 310
Used
join
tly
w
ith
other
Co.’s.
207
St.Louis
K. & N.W.(aU ow n’d) 225
D iv i d e n d s .— Pr. ct. > 1881 1882 1883 1884 ’85 t o ’96 incl. 1897
Chicago Burl. <fc Kan. C ity ... 236
com m on and p re f— 5 8
8
8
10
8 per an.
below
Total
system
p
rop
er............
5,860
Hannibal
& St. J o s e p h ...........1T297
Com. and pref. in 1897, Mar., 2 p. o. each; June, 1% d .c . each—(see V Second tra ck .............................
297
6 4 , p. 866, 887); Sept., 1% p. o. each.
If Separately described,
Total system, stand, gauge..t7,180
t Less 119 m. already included.
N arrow -gau ge............................. 17g
L e a s e d L in e s .— The Kansas City SI. L ou is <£ Chicago is leased in p e r
petuity from N ov. 1 ,1 877 , at rental o f 35 per cent o f gross earnings.
O r g a n iz a t io n , & c .—This was a consolidation in July, 1375, o f the
Its bonds are held by the U. S. Trust Co. as security for the Chicago
<fe Alton bonds o f 1878, which have a sinking fund (in 1896) o f $135,- Chioago Burlington & Quincy in Illinois and the Burlington & Missouri
690 per annum. Common stock, $271,700, or which $157,600 is owned River in Iowa. In 1880 the Burlington & Missouri in Nebraska was
by the C. & A . D ividends o f 7 per cent per annum were paid on K. C. absorbed. The leased lines are practically owned and there is no charge
for rentals in the incom e account, except as interest on bonds. The
St. L. & O. comm on till Nov. 1 ,1 8 9 4 , and then suspended,
ownership in the other roads above-m entioned is in the stocks and
The Joliet dk Chicago is leased from January 1,1864, fo r the term o f its bonds thereof, and their accounts are kept separate.
charter, and form s part o f the main line. Rental, 7 per cent on stock.
L a n d s .— Only 49,700 acres remained unsold Dec. 31 ,189 6; land n o t e s
R T he Louisiana & Missouri River RR. was leased in perpetuity, AAg outstanding, including interest payable, $327,118.
1 ,1 8 7 0 . Under the agreement o f Nov. 13, 1894, the Altou assumed to
C
a p i t a l S t o c k .—The stock has been increased fo r the acquisition
nay, in lieu o f rentals, all interest on the first and second m ortgage
bonds and their principal when due, also 7 p. b. per annum on the guar of new lines, and in 1880 a distribution o f 20 per cent was made. Stock
for
$5,595,300 was sold at par to stockholders in February, 1893.
anteed preferredstock, and alsoto purchase the U & vi.R. unguaranteed
D iv i d e n d s .— > 1881-87 ’.88 ’ 89 ’ 90 ’91 ’92 ’ 93 ’ 94 ’95 ’ 96 ’ 97
preferred at $29 50 per share and the oominon at $10 per share. V
4
5 4 1* 5
5 4% 4 4 B elow
59, p. 1057. Unguaranteed preferred stock is $1,010,000 and comm on P e r c e n t ...........8 yrly. 5
$2,312,700, neither o f which have ever paid dividends In May.
In 1897, Mar., 1 p. 0.; June, 1 p. c.; Sept., 1 p. c.
1897, all bu t 287 shares o f unguaranteed preferred and 467 shares of
S in k in g F u n d s .— Included in the bonds outstanding in the ta b le
com m on stock had been purchased b y Chicago & Alton.
above are sundry bonds o f the com pany which are field alive and
The M ississippi River Bridge is leased in perpetuity from Deo; 3,1 877 . drawing interest fo r aocount o f the various sinking funds.
at 7 p. e. on $300,000 stock (all ow ned by C. & A.) and 6 p. o. on bonds.
B o n d s .— For full description o f each loan see the editorial article o n
V. 59, p. 4 2 3 ; V. 61, p . 324.
pages 3 to 6 o f S u p p l e m e n t o f Oct., 1896, and C h r o n ic l e V. 63, p. 77 5.
Tfie consol, mortgage o f 1873 is for $30,000,000, o f wfiicfi £1,076.000
G e n e r a l F in a n c e s .—The Chicago & A lton R oad has been par
ticu la rly strong in having a large local business between Chicago and reserved to retire a like am ount o f Ottawa Oswego & F ox R iver
8t. Louis. Its leased lines are as com pletely controlled as if owned, guaranteed bonds. The consols are a first m ortgage or first
and the system is very conservatively managed, no extensions collateral lien on 755 miles o f road in Illinois and on Chicago terminal
property, and on paym ent o f $1,076,000 Ottawa Oswego & F ox
having been built or new lines acquired o f recent years.
River bonds July 1, 1900, w ill em brace its 68 miles additional.
A nnual R eport .—T he annual m eeting is held in Chicago the first
The Iowa Division bonds are a first mortgage on the main line in
M onday in April. Annual report for 1896 was in V. 64, p. 370. See also [ow a from Burlington to East Plattsmouth on the Mo. River, 278 miles,
■editorial, p. 357. Earnings have been as follow s:
and on 122 miles o f branches; they are also a first collateral lien on 420
OrUm V,
‘AyiMst V,
MAP OF THE
ILLlMGS
Homerli
CHICAGO,
BURLINGTON & QUINCY
b u ff A
yiKiPwoci
Mu nmt J
fid furi!J
jB&u Clair®
Qmails. *%,
'Ab'bcrtftfoi
^NotUa V.
U'£ttXm
tap •yalMM.h)
RAILROAD SYSTEM.
IcrrlUan '
pester V.J<
BONDS,
Salem
KAILEOAD STOCKS AND
CHotoo v>V'^
\
Steven* It,
\Fl.,Howard^
K.'UmdotrL
JP^rUig® C y ,
v x Argentinian j
l l i u n J c . f ST .
fttmrrtjSe
EDOCMtmfG
Ardiulrir
Mann^tj
CRAWFORt
Bunnln#
wJffMer■>
Creighton
fWaienown
!sitttUM
iCaatmvIlhg^
ttumtef.lt
j>
f V^ftawara^fl
Jr;
IcOregw
zkC \ v emlUtefi!
BarlingSen
lUmlolph
lC#4ar Pal
r«i»t
Cohorts;
J GlrardR?
J Borttft'Pl
ARW*
tLUANCER
Roh.aR >
{lr&vs
* Bllfiworths.
I
A*hby%
J
Wliliwtiiir
North imsI
fcOvsS
i
Ah m
di&rafwdij
Octobek, 1897.1
i
VyUP Iannr*
« l< * W
tteMC
Bttivi
Rapid.'
Wallace ■
T ew ditim w ’
’atewd
VSL -* M i
■IMFTpR
*#»%
Ashley
30
mVESTOKS’
SUPPLEMENT.
[V ol . LX V ,
S u b scrib er* w i l l c o n fe r a g r e a t fa v o r by g iv in g im m e d ia t e n o tice o f a n y e r r o r d isc o v e re d in th ese T a b le s .
INTEREST OP DIVIDENDS.
RAILROAD8.
Miles Date Size, or
Am ount
Par
Rate per When Where Payable, and by
of
of
For explanation o f colum n headings, Ac., see notes
Outstanding
Road. Bonds Value.
Cent.
Payable
Whom.
on first page o f tables.
•
Chicago Burlington it Quincy—( Concluded)—
4
M. A N. N .Y .,B k .of Com .AB ost.
Nebraska e x t.,$20,000 p. m. (s. f., not dr’n).c*«fcr 1,475 1887 l,0 0 0 A c 'f2 6 ,411,000
1,000
2,320,000
121 1895
F. A A.
5
do
do
Chicago A Iow a Div., eollat tru st.................. c*
1890-2 100 Ac. 15,263,900
5
M. A S.
do
do
Convertible debentures (See remarks)............c*
6
J. A J. Boston, Bk. o f Com’rce.
B.A M o.R R. in Neb. ( Laud grant, s. f., dr. at 100 > 584 (1 878 600 Ac. g;7,655,800
5,000,000
6
J. A J.
do
do
(1 878 600 Ac.
Con.M $14000000 ( Exem pt, not dr’n till 1908 S
1,000 113,347,000
1880
4
J. A J.
do
do
Burl. A Mo. RR. in Neb., s. f. for At.AN eb.RR.st’k..
90 1879 600 &c. k l , 078,400
6
J. A J. Boston, Bk. o f Com’rce.
Rep.Val., lstM .,gu .,(dr. at 100) s. f.,$14,000y ’ly.c
1,000
1870
1,076,000
70
j
.
&
j
.
8
N.Y.,
F.L.AT.Co.
A Bost.
Ottawa Oswego A F ox River, 1st m o rtg a g e---- 0*
1,125,000
7
M. & S. Boston, Bk. o f Com’rce.
A toil. A Neb., 1st M., At. to Lin., Neb., etc., guar.c* 146 1878 100 Ac.
___
See
text.
1887
J.
A
D.
Boston.
6
2d mort. on Atck. A Neb. RR. (1st M. on bridge)
1,000
600,000
72 1880
7
J. A J. Boston, Co.’s Office.
Llno’n A N.W. R R .lstM . guar., s.f.l p.o., not dr’n ..
___
See text.
F. A A. Boston, C. B. A Q. office
1890
6
0 . B. it Q. System—St. L. Keokuk <£•N. TF. 1st M —
100
6,197,800
....
Chic. <£ East. Illinois—Com. stock ($15,000 p. mile). . . . .
100
4,830,700
Pf. st’k, $10,000,000,6 p.c.non-cum ($10,000 p.m.)
6 in ’i 897 Q . - j . N.Y., H anover Nat. B ’k
107 1877 100 Ac.
2,989,000
J. & D. N .Y.,4tliNat.Bk.&Bost.
6
1st mort. (s. f. $20,000, no drawings).................. c*
1,000
119,000
7 1880
M. A N. Boston, Globe Nat. Bk.
Danville A Grape Creek RR .—1st M., assumed. .0*
6
1,000
15 1881
103,000
6
J. & D. N. Y ., Fourth Nat. Bank.
Extension, 1st m ortgage...................................... 0*
1,000
127 1884
2,788,000
Consol, mortgage (for $6,000,000),gold s. f ....... 0*
6 g. A. & O. N. Y ., Central T r.& B os.
1,000
1887
42,000
Collateral trust bonds, sinking fu n d ...................c*
6 g. F. A A. N. Y ., Central Trust Co.
9,767,000
M. A N.
General consol, and first mort. $30,000,000. .c<fcr 286 1887 l,000& o
5
do
do
1,000
4,626,000
Chio. A Ind.Coal— 1st M. $25,000 p. in., assumed.0* 174 1886
5
j . & j . N. Y ., Met. Trust Co.
100
100,000
Chicago <t Erie—Stock (all held by E rie)...................
1,000
12,000,000
1st M., gold, interest guar, till principal is paid, .c* 249 1890
5 g. M. A N. N ew Y ork, Erie R R .
M ostly owned l>y Erie RR.
rncoine bonds for $10,000,000 5 p. 0. non -cum ... 249 1890 l,00 0& c 10,000,000
1888
300,000
....
Terminal 1st m ortgage, gold.....................................
5 g. J. A J. N ew Y ork, Erie RR.
1891
1,000
1,313,000
Chicago Fori Madison <t Des Moines—1st m ort.,gold
5 g. J. & J.
....
....
Incom e bonds..............................................................
74,750
Prino1
Stocks—L ast!
Dividend.
M ay
Pel).
Sept.
July
July
Jan.
July
July
Mch.
Deo.
Jan.
Feb.
Oct. i
Dec.
M ay
D ec.
Oct.
Feb.
Nov.
Jan.
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1927
1905
1903
1918
1918
1910
1919
1900
1908
1927
1910
1930
’ 9 7 ,iia %
1, 1907
1, 1920
1, 1931
1, 1934
1, 1912
1, 1937
1, 1936
M ay 1, 1982
Oct. 1, 1982
July, 1918
1911
The Chicago Burlington & Quincy sinking funds for the several loans respectively held alive January 1 ,1 8 9 7 , o f the bonds given above a&
outstanding: Ot g , $4,194,800 July 31, 1897 ; h , $1,696,000; k , $289,800. A lso canceled bonds n ot included above, f, $3,030,000, Ju ly, ’ 97.
m iles o f branches and 86 m iles o f second track. These bonds have a
sinking fund of 1^ per cent ($203,800) yearly, for which the 4s are
subject to call at 100, the 5s at 105. The single main line and branches
covered “ shall not exceed in the aggregate 900 miles,” at $16,000
per m ile; on second track (of which Jan. 1 ,1 897 , there were 88
miles) m ay be issued an additional $14,000 per mile. (V. 65, p. 462.)
Denver Extension bonds can be increased only fo r second track at
$10,000 per mile.
The collateral trust Nebraska extension bonds o f 1887(N ew England
Trust Co., o f Mass., trustee) are issued at $20,000 per mile for single
and $10,000 per m ile for second track on n ot exceedin g 1,500 miles.
A b s t r a c t o f deed V. 45, p. 441.
B urlinqton & M issouri HR. in Nebraska consol, m ortgage o f 1878 is for
$14,000,000, and is now a 1st M. or 1st collateral lie n ; all except the
$5,000,000 o f exempt bonds are subject to call fo r the sinking fund at
par, $231,200 having been retired in 1896. The “ e x em p t” bonds may
be called after 1908.
The 5 vtr cent debentures o f 1 8 9 0 and 1 8 9 2 are convertible into stock,
at a n y time prior to Decem ber 1, 1 90 2 , except when books are closed.
See terms o f conversion on page 5 o f the S u p p l e m e n t for Oct., 1 89 6 .
Many o f the bonds are redeem able (may be drawn) before m aturity at
various prices, plus accrued interest, as stated in the table above.
C h ic a g o
E a s t e r n I l l i n o i s H i t .—(See M ap.)—Operates ro a d
(double track to Danville, 106 miles) from Chicago, 111., to Terre Haute,
Ind., and the bitum inous coal fields. (ITSee this co.)
Bines owned in fee.
Miles. D ouble tra ck................................. iob
D olton to Altam ont, 111.............224 Side tracks...................................... 2 3 1
Rossville to Sidell, 111................ 34
Proprietary lines (leased.) Miles.
Momenee to Ind. State line—
Evans. T. H. A Chic. RR.,1T___ 49
June. Chic. A Ind. Coal R y ... 11 Ind. Block Coal R R .................... 13
Cissna June, to Cissna P a r k ... 11
Trackage, etc.
Chio. A Indiana Coal D iv.,B razil
Otter Creek Juno, to Terre H ..
6
to La Crosse, Ind., e tc ............. 183 D olton to Chicago, Ch.AW .Ind. 17
A ltam ont to M arion and b rs.1 00
T otal operated June 30 ,1897.648
H is t o r y , L e a s e s , A c .— Reorganized under existin g title S eptem ber
1, 1877. In Nov., 1887, consolidated with Strawn A Indiana 8tate
Line RR. and Chicago D an ville & St. Louis RR. (V. 46, p. 135), and o n
June 6 ,1 8 9 4 , with C hicago A Indiana Coal RR. See V. 58, p. 987; see
also Y. 48, p. 334. A lso ow ns control of E vansville Terre Haute A
Chicago RR. and $1,000,000 stock o f the Chicago & Western In d ian a—
which see, having all the local traffic o f the latter road from D olton
into Chicago. In January, 1890, a ten-year traffic con tra ct was m ade
with the E vansville A Terre H aute fo r the operation of a through line
G e n e r a l F in a n c e s .— The Chicago Burlington & Quincy Railroad betw een Chicago and E vansville. (V. 55, p. 995.) In March, 1897, the
has been one o f the m ost profitable in the country, as its numerous Chicago Paducah A Memphis, 100 m iles, was purchased, and a connecbranches tributary to the main line were built into choice agricultural t ion from Shelbyville to Altam ont, 25 miles, built. (V. 64, p. 516.)
territory. Corn, however, being one o f the principal articles carried
by it. its earnings vary greatly according to the size o f the crop.
C a p i t a l St o c k .—The com m on stock ($15,000,000 authorized) is en
The com pany’s sinking funds have received to Jan. 1, 1897, over titled to all surplus after 6 per cent on the preferred stock. In addition
$16,000,000. With this m oney about $7,000,000 o f the com pan y’ s to the amounts outstanding in the table, $2,158,800 com m on and $407,bonds have been canceled, while the remainder o f the cash not so used 100 preferred w ere held in the com pan y’ s treasury June 30, 1897.
has been invested fo r the benefit o f the several sinking fund loans
in bonds that are held alive draw ing interest and are therefore
D iv i d e n d s —
(1 8 8 8
’ 89
’90
’91
’ 92 to O ct.’97, inol.
included in the com pany’s outstanding debt. In 1896 the aggregate
On pref., p. 0. ( 7 ^
6
6 stk.
4*2
6 p. c. y early
sinking fund incom e w as close to $1,256,000, o f w hich about $778,000
is the amount carried direct to the sinking fund and the balance
B o n d s , G u a r a n t i e s , & c . —The Chicago A Eastern Illinois guaran
appears in the accounts m erely as part interest on funded debt.
tees the interest on E vansville Terre Haute A Chicago issues (see that
The outstanding debentures aggregate $31,910,900; o f this am ount company) and interest on $150,000 Indiana B lock Coal 1st 7s.
$9,000,000 was used to purchase tlie Hannibal A St. Joseph, from
Tne general consol, and 1 si m ortgage o f 1887 (trustee, Central T ru st
which a good incom e is received, while $7,647,000 was used to buy Company) provides fo r the retirem ent o f $6,042,000 prior bonds and
other stocks and $15,263,900 fo r im provements, etc.
for issue o f bonds on new road at $18,000 per m ile for single track
As unencum bered assets, on the other hand, the com pany owns also for bonds fo r equipm ent at $7,000 per mile and for double tra ck at
besides the $14,244,900 Hannibal A St. Joseph stock above men $8,000 per mile. In 1897 the total issue o f gen. consol, bonds w as
tioned, a large am ount o f stocks and bonds, a list o f the same being lim ited to $30,000,000 and bonds w ere reserved fo r Chicago &
in V . 63 on pages 778 and 877. The road owned unbonded and the Indiana Coal firsts. See V. 64, p. 1088.
These bonds are
roads whose bonds are all ow ned were in 1896, as fo llo w s :
a first m ortgage
on
154
miles
o f road,
including the
Miles. line from
R ossville
via
Sidell to Altam ont, etc.; also
on
Northerly Kxtension. Alliance, Neb., to Billings. Mont., and branches......... tJ21 equipm ent valued at $2,355,000, aud upon real estate in Chicago c o s t
St. Louis Keokuk & N. W. (all its $15,593,800 bonds owned and unpledged'
ing
over
$1,200,000.
They
also
cover
106
miles
o
f
double
tra
ck
from
Keokuk, la., to St. Louis', Mo. (Net earnings in ie»4-95. $691,020). ........... 226
Danville to D olton, 111., and rest of property subject to prior liens.
Other lines o f moderate earning capacity (Ch. B irl. & K. C., etc.) securities
all or nearly all owned and unpledged....................................
................ 477
Chicago <t Indiana Coal first mortgage o f 1886 (trustees, M etropolitan
Trust Company and R. B. F. Pierce) is fo r $1,000,000 on road from
An article coverin g fu lly the above points was in V. 63, p. 775.
Yeado to Brazil and $25,000 per m ile ($7,000 of this fo r equipm ent)
L atebt E arnings .—F rom July 1 to A ugust 31 (2 months) earnings* for extensions; second track, $8,000. The bonds have been as
including linos controlled, w e r e :
sumed.
2 months.
Gross.
Net.
Charges.
Balance.
G e n e r a l F in a n c e s .—This com pany owns m ost o f the capital stock
1897............$6,897,072
$2,765,160
$1,780,000
sur. $985,160
1896............ 5,867,618
2,293,974
1.752,404
sur. 541,570 o f the Brazil B lock Coal Co., and carries all its coal. It carries also
the ooal o f the Grape Creek region. I t has bought within a few years
A n n u a l R epo rt .—Fiscal year changed in 1897 from Deo. 31 to June
inal property in Chicago w orth ov er $1,200,000. In M arch, 1897,
30. Annual m eeting is held in N ovem ber (Nov. 3 in 1897). F or the term
fo r $2,280,000 were listed, having been issued on accou n t o f
12 months ending June 30 ,189 7, surplus over charges applicable to consols
purchase
of Chic. P. A M. and connection therewith. V. 64, p. 516.
dividends was $3,807,846; dividends paid (4 p. c.). $3,280,112; bal On June 30,
1897, bills payable $170,000; Chicago P. A M. car trust
ance, surplus, fo r year, $527,734.—See statement for 6 months ending
notes
(including
interest), $480,169. The charges to construction in
June 30, 1897, in V. 65, p. 563.
1896-97, outside o f new lines, am ounted in the aggregate to $61,100.
Report for 1896 was in the Chronicle , V. 64, p. 752, 756, showing The
principal
items
w e r e : F or substitution o f heavy steel fo r lig h t
operations, including results o f the C. B. A N. and all the “ controlled” steel in track, $26,153:
fo r bridges, $11,300; fo r side track (1*9 m iles),
roads, as follow s:
$12,937; fo r new telegraph line, $2,497.
Gross.
Net.
Other m e. Int.,8.1 ..etc. Bal.for divs.
L a t e st E a r n in g s .—January 1 to O ctober 14 (9*2 m ouths), gross,
1 8 9 6 ...... $34,176,456 $11,515,984 $390,323 $J,439,837 $2,466,470
18 95....... 33,658,271
11,162,609
....................................
. . . . . . . . . . $3,037,193 in 1897; $2,976,571 in 1896.
D ividends paid (4 p. o.), $3,280,111; balance, deficit, $813,641.
A n n u a l R e p o r t .— Fiscal year ends June 30. A nnual m eeting is h e ld
The operations o f the system proper (including the lines controlled in Chicago ou the first W ednesday in June. The annual report fo r
only in “ other in com e” as interest or dividends received), have been : 1896-97 was in V. 65, p. 724. The com pany receives low rates for its
freight, the rate per ton per m ile being 5 i-1 0 0 o f.a cent in 1896-97,
Tear end. Dec. 31— 1896.
1895.
1894.
1893.
54-100 in 1895-96; 59-100 in 1894-95; 63-100 in 1893-94. Of the traffic
Miles operated..
5,860
5,730
5,730
5,596
about 64 per cent in year 1893-94 was coal.
Gross earn8...$25,553,073 $24,874,192 $24,667,132 $31,042,969
Year end. June 30.
1897.
1896.
1895.
1894.
Net earnings...... $8,703,077
$8,163,653
$8,383,066
$9,818,465
F. o. op. ex. to e.. (65*94)
(67*18)
( 66 *0 2 )
(68*37)
Miles operat. June 30 648
522
522
516
Int. A exch’g e ..$ 1,830,797
$1,915,262
$1,938,852
$1,771,092 Gross earnings.......... $3,927,610 $4,014,624 $3,667,869 $3,860,115
H.ASt. J. e x .d iv ....................
490,188
Oper. exp. A t a x e s ... 2,423.915
2,433,888
2.508,371
2,409,710
N etB . A M . 1. gr.
25,923
.41,373 73,526
108,422
Total incom e. $10,559,797 $10,610,476 $10,395,444 $11,697,979
Rentals paid___ $199,995
$229,860
$264,971
$310,260
Interest on debt. 6,726,206
6,572,627
6,492,429
6,538,911
Dividends........(4) 3,280,111 (4) 3,280,108 (4% )3,895,128 (5) 3,960,252
Car. tosin k’g f ’d.
777,785
760,242
773,387
765,090
Net e a rn in g s.......... $1,503,695 $1,580,736 $1,159,498 $1,450,405
P. c. op. ex. to earns.. (61*72)
(60*62)
(68*38)
(62*43)
Net (iucl.oth.incom e).$1,661,407 $1,735,380 $1,329,151 $1,576,092
Interest p a id ............. 1,002,553
968,995
962,901
912,788
R entals................... ..
241,156
234,478
234,959
238,756
Div. on pref. stock . .(6) 289,842 (6) 289,842 (6) 289,842 (6) 286,914
Balance..........def. $424,300 def. $232,362def.$1,030,471
—(V. 64, p. 733, 7 5 2 , 753, 7 5 6 ; V. 65, p. 462, 563.)
Balance.......................sr.$127,855 sr.$242,065 df.$158,551 sr.$107,634
- ( V . 64, p. 422, 516, 1088; V. 65, p. 665, 7 2 4 .)
sur.$123,466
RAILROAD
October , 1WT j
STOCKS AND
BONDS,
31
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EASTERN ILLINOIS
R A IL R O A D SY ST E M .
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S h ad ed p o r t io n sham s C o a l T e r r ito r y .
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N A S H V IL L E 1
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INVESTORS’
SUPPLEMENT.
[VOL. L X V ,
RAILROAD
O c t o b e r , 1887. j
STOCKS
AND
33
BONDS,
S u b s c r ib e r -, w i l l f o u l e r a g r e a t f a v o r b y g i v i n g I m m e d ia t e n o t i c e o f a n y e r r o r d is c o v e r e d I n t h e s e T a b le s .
.
Bonds—P r in c i
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S .
M Ees D a te Size, o r
pal,^WTien D n e.
A m ou nt
of
of
Par
R
a
te
p
e
r
W
hen
W
here
P
a
y
a
b
le
,
a
n
d
1>
y
F o r e x p la n a tio n o t colu m n b e a d in g * . A c ., see notes
Stocks—L a st
O u tstan d in g
R o a d . B on d s V alue.
Ce n t
P a y a b le
WTioiu.
on first p a g e o f tables.
D iv id e n d .
Chicago A fir. trunk—N orth w est G r. T r.. 1st Short.; 66 1 88 0 # 5 0 0 A e .
327
1 880 £ 1 0 0 A c
1st m o rtg a g e fo r $ $ ,0 0 0 ,0 0 0 , $ (eur.) A £ ........ e , «
2.1 m o rtg a g e (c u rre n c y ).............................. - ......... e 'A r
327
1 88 2
Chicago ilrent Western —
1889
C. St. P. A K. C. p rio r loa n , red. at 10-5, a ssum ed . 815
D e b . s to c k , .-am ., g., WS.OOO.OOO. div. in ca sh , g.
D o . cu m . d iv id e n d s , p a y a b le In s c r ip ....................
I>eb n tu rc s crip (not in terest-b ea rin g ) ...................
P re fe rre d s to c k A . * 1 5 .0 0 0 ,0 0 0 , 5 p e r ce n t, g o ld . i
D o . d iv id e n d s , p a y a b le tn s crip ...............................
F re t, s to ck B. -t p er cen t $ 1 0 ,0 0 0 ,0 0 0 ......................
C o m m o n s to c k , $ 3 0 ,0 0 0 ,0 0 0 ............. .........................
C. St. P. Sc K . C. e q u ip , lea se w a rran ts, a ssu m ed .
1896
S te rlin g loa n n o t e s in o m o r t . , £
,
. g o l d ...
1S9T
S te rlin g lo a n n o te -, (u n secu red ) £ 9 2 , 9 0 « .............
1896
t*. G . « . e q u ip m en t lease w arran t.- ........................
1 897
Chic. Hammond St U 'e s f.-U t M ., $ 2 ,5 0 0 ,0 0 0 . g .c 'A r
Chicago In dian apolis A Louisville K g .—
C o m m o n s to c k , $ 1 0 ,5 0 0 ,0 0 0 ............... ........—
P re fe r re d , 4 p e r ce n t, n o n -co m ., $ 5 ,0 0 0 ,0 0 0
1880
L . N . A . t » t M. Lou. D i v .- X . A . t o M ich. Clty.o*
1st M „ C hic. St Ind. IH v., C ldc, t o fo il., g o ld ..c *
512
C. I. St L. r e fu t d in * m o rt.. $ 1 0 ,3 0 0 ,0 0 0 . gold , 5s.
512
1 897
g o ld *. ftau ed fo r o ld co n so ls.
Okie. June. Rut. d Vn. 80c. Tard-O te M w i K t u s t o n Co m p s
Chic. Kulamuamd Saginaw - S t o c k ($ 2 .0 0 0 ,0 0 0 an.) 4 5
1 695
1st M ., $ 2 2 5 ,0 0 0 , g o ld , su b ject to ca ll at 1 03 .. . e '
----1 897
Chit. Lake « v o r * d K iw i.- 1 st M „ * 1 ,2 0 0 ,0 0 0 ,g o ld ............
1 200000
III
8
C h i c a g o M i l w a u k e e ,t* S t . P a u l —C o m m o n M o c k
P re fe r re d s tock 7 p e r c e n t y e a rly , n o t c u m u la t iv e .;
M ilw a u k e e A St. P a u l loa n s—
Prairie d o C blen t - t M. (MU. to Pr.rtu Chletfi e*
2 d m o rtg a g e , c o n v e r t ib le In to p ref. s to c k ,.c *
___
....
195
195
1868
1668
$ 5 4 6 ,0 0 0
5 ,4 5 4 ,0 0 0
,
6
6
2 .8 2 3 ,1 5 0
5 g. J. A J. N '.V.,Is)n. ,t A m sterdan;
6 000,000
l.OOO&c
5
J. A J.i ( N . Y . A g e n c y , Itk. o f
J. A J . i f M on treal A l-o n d o n .
J . A J . N. Y „ B k . o f M on treal.
100
2 ,2 1 7 ,5 0 0 4 s c r ip . :J. & J.i
do
do
6 5 ,8 3 9 So Int’ gt ........
8,03-M OO
100
3 ,1 2 3 ,6 0 0
7 ,4 4 4 ,1 9 0
too
100 2 0 ,8 8 0 ,2 4 5
1 ,1 2 7 ,1 7 7
7
; M 'tlily .
N ew V ork C ity.
tilO O & c
9 6 9 ,6 9 7
S e m -a n .;L o u d o n ,R .B e n so u & Co.
V a r io u s
4 5 0 ,4 2 4
S em i a n
R e g iste re d below .
6
.........
M 'n th ly
N e w Y ork.
1 .5 0 0 .0 0 0
.*500 A «
N e w Y o rk ,
g ,T. A J .
i
i
100 I 1 0 ,5 0 0 ,0 0 0
100
3 ,8 8 3 ,7 5 0
1.000 ; 3 ,0 0 0 ,0 0 0
0
J. A J . N . Y . , C hase N a t B an k
1,000 ! 2 .3 0 0 .0 0 0
g.
F .A A .
do
do
1.000 j 2 .9 0 9 .0 0 0
5 g.
J . A J . 1st c o u p , d u e J a u , l ', 9 8
1.000
4 .7 0 0 .0 0 0
jr.
J.A J.
do
do
Jan . 1, 1 9 1 0
Jan. l , 1 9 0 0
J an . 1, 1 9 2 2
Jan . 1. 1934
J u ly 1 5,*97,5
Too
loo.ooo
NIKS,
1,000
1,000
6
6
;
100 i
1.000 .
1,000 !
100
100
v6
450 000
225JXK1
(!)
6 g.
J . A D. D e tro it, U n ion T r. C o.
5 K............
.............
1 8 9 7 -1 9 0 1
1901
M a y -J ’ l y ,1 9 0 2
1 89 7 -1 90 6
J a u . 1, 1 92 7
J u ly
A u g.
J u ly
J u ly
1,
1,
1,
1,
1910
1 911
1947
1947.
D ec, 1, 1 9 0 0
4 6,0 2 7 ,2 6 1 5 in 1697 A. .1- 0 . N .Y .O ffloe,8 0 B roa d St. Oct." 2 1 ,'9 7 ,3 ?o
3 0 ,7 9 2 ,9 0 0 \7 p e r an. A . A O.
do
do
O e,2L '0 7,3 % $ 6
1 ,6 7 1 ,0 0 0 i
5 1 3 ,0 0 0
9
7-3
F. A A.
F. A A.
do
do
do
do
F eb. 1, 1 898
F eb . 1. 1 898
C h i c a g o A E r i e I t I t . — S c- Map Brie Mil. t - O m e fro m M arlon, 0 .. j
t o H a m m o n d , In d ., * 4 8 Kill**, an d lease# tra ck a g e o v e r C h ica go A >
E arnin '))*.— (3 m o n th s), > 1 8 9 7 ..........tir o s * . # 1 .3 9 5 ,3 4 4 : n e t, $.179,041
J u ly 1 t o S ept. 3 0 ,
) 1 89 6 ........O re**. 1.187
A x » t u t . R e p o r t . —R e p o r t f o r 1 8 9 6 -9 7 w a s g iv e n a t le n g th In V , 6 5,
p.
5
1
2
,
5
2
1
,
s
h
o
w
in
g
e
a
rn
in
g * a * fo llo w s ;
B o x i/* .—T h e Jfrtt mortgage (trustee* C en tra l T ru st C o. a n d E d w a rd :
1*97.
1896.
1895.
D a n iel*) co v e r* 2 4 9 m ile* o f roa d , th e co n tr a c t w ith th e C h ica g o A : rea r ending June 30,
W estern In d ia n a , $ 1 ,0 0 0 ,0 0 0 o f that co m p a n y '* s to c k a n d # 2 4 0 ,0 0 0 : T o t a l gro ss ea rn in g *....................... $ 4 ,6 8 0 ,6 3 9 # 4 ,7 0 9 ,8 2 0
# 3 ,6 3 8 ,0 9 8
s to c k o f C h ica go B e lt B y . S ee fu ll a b stra ct* o f m o rtg a g e * In V . 5 1 , p . i
Yet. in c o m e ........... ... .............. # 1 .1 0 0 .2 7 2
$ 1 ,2 5 5 ,5 7 7
# 6 9 9 .3 4 9
9 11 to 9 1 3 .—(V . 5 9 , p. 7 8 1 , 9 0 5 ; V. 6 1, p. 5 5 9 ,7 5 0 .)
R en ta l* tim-l. eq u ip m en t >.........
# 1 3 4 ,2 0 7
# 1 3 6 ,6 0 2
* 1 4 8 ,6 1 6
1 4 1 .1 5 8
1 4 1 ,1 5 8
1 4 1 ,1 5 8
C h i c a g o F o r t ( M a d i s o n Sc B n M o i n e s I t y . — R oad co m p le te d In terest p r io r ity lo a n ....................
do
s te r lin g , e t c ., lo a n * ........
6 9 .5 9 4
4 5 ,3 3 4
2 6 ,3 6 2
fr o m F ort M adison to O ttu m w a . la .. 71 m iles. In D e c e m b e r, 1 89 2 . i
ji,
tlt-iu-n.
C ap ita l s to c k J u n e 3 0 , 1 8 9 0 —a u th oriz ed , $ 3 ,0 0 0 ,0 0 0 ; o u ts ta n d in g ‘ D lv . In ca s h o n
M
ock
...............................................
1364,541
3
2
1
,9
0
8
3
0
3 ,3 5 4
70,200; par, # 1 0 0 ; th e fu n d e d d e b t w a s f t ,3 8 7 ,7 5 0 . o f w h ic h ;
7 3 0 w a a In co m e bonds-, cu r r e n t lia b ilitie s w e r e * 2 9 .0 0 9 . in y e a r
~.M>.772
#
3
1
0
,5
7
5
)U.
#
220,141
Balance.
rw J u n e SO, i 8 9 6 . g r o ss , 0 3 .9 6 1 ; n e t. # 3 1 ,7 5 9 ; In terest ($65,6.50, !
o t w h ich 5 0 p e r c e n t w m p aid w ith In com e b o n d s ), $ 3 2 .6 2 8 ; b a la n ce ,
d e ficit, $ 1 ,0 6 6 . I n i 9 9 4 -9 5 , g ross, $ 9 1 ,8 0 9 ; net, $ 3 2 ,6 1 4 .
1A ls o d iv id e n d * nmonutUng t o $ 1 1 8 ,4 1 1 w ere p r o v id e d fo r W ith s c r ip
C h i c a g o St K m n 4 T r a n k H jr .—O w n * fro m P o r t H u ron , M ich ., to i n tn e rU h le inti, d e b e n tu re s to c k at par.
A. B. s tle k n e y . P resid en t, St. Paul. M inn . R a w Y o r k T r a n s fe r o ffice,
E tsiten, 3 2 6 m ile s ; lease* G ran d T ru n k J u n c tio n R a ilw a y ,
m ile*.a n d ‘
tra ck a g e C h ica go A W en t In d ia n * . 5 m ile * ; to ta l, 3 3 5 m iles. S tock , 18 W all S t,—(V . 0 i , p . 2 3 3 , 2 8 6 . 3 2 5 ; V . 6 5 , p . 4 6 0 , 6 1 2 , 3 2 1 . )
$ 6 ,8 0 0 ,0 0 0 in
share*
T h e G ran d Tru nk
of
C anada
< l i l r a j r o B a t n a s n d Sc W e s t e r n H i t . — A b e lt lin e a ro u n d
g iv e * a traffic g u a ra n tee o f 3 0 p e r cen t o f it* cross, ea rn in g * o n later- C h ica g o fro m ira m u ton d t o U O r a n g e . Ill,, 83*20 m ile* a n d e i t o n s l o a
ch a n g e d fram e, T h ird m o rtg a g e fo r # 0 ,0 0 0 ,0 0 0 w a « a u th oris ed in \I .i G ra n g e to F ra n k lin P a rk . 6-87 m ile*
T h e T e rm in a l ISR. fro m
April. 1893, bat will not Im Issued to the public. On J»n, 1 ,1 897 , bill* r h .ip p e u to C h ib a S to ck Y a rd s , 10*12 m llw , i s o p e r a te d b y
H, *
p a y a b le w ere # 5 4 ,5 8 3 ; iut. due J a n . 1. # 3 2 4 ,6 5 6 ; s u n d ry o u ts ta n d in g W .—see M ich iga n C e n tra l. T o t a l o p e ra te d lu J a n ., 1 89 7 , 43*32 m iles.
a cco u n t* and w a g M .9 1 s 9 8 9 .9 6 0 ; re a frw e a s h # 2 0 9 .8 1 9 j “ su n d ry a * ■
In te rse ct* n ea rly at! the road* e n te rin g th e city . F ro m B lu e Isla n d
s e t.* ” , # 3 6 3 ,1 3 3 , n o d o u ts ta n d in g truffle b a la n c e , # 1 0 1 .0 4 9 .
t o M cC o o k , 13**8 tulle*, th e tra ck * o f th e Old C alu m et T e rm in a l a re
n eed u n d er a lo n g tim e li m v . In r e p t .. 1 8 9 7 .e o n t r e l w ii * re p o rte d
K A *S t»«a i
i m s ) , } 1 8 9 7 .......... G roaa. 8 1 ,9 7 4 ,7 0 1 : n e t , # . 12.192 p u rc h a se d b y C h ica g o J a n e t ton R v * . A U nion S to r k Y a rd * C o. w it h in
J a n . 1 to A u g . 3 1.
( 1 8 9 6 ......... Oram. 2 ,0 7 8 .8 8 1 ; a c t . 1 *4 ,3 4 8 te n tio n o f o p e r a t in g th e ro a d lu ruiineetSon w itlt it* ten u itiu l ro a d *
F o r year ending Dec- 3 1 , 1,8 9 6 , gwn# earning* were 8 3 ,1 5 1 ,9 :>t>; act-! n n iler t it le o f C llim g o A I n d fe n * v t.,tre Lite) H y.—V. , p. 3 6 7 , i l l .
C apital s to c k . #1 .fuK t.ooo. F irst m o rtg a g e is f o r # 2 .5 0 0 ,0 0 0 i trustee,
.256: in terest on b o n d * . # 66 0 ,0 0 0 ; re n ta ls . e t c ,, # 207*395: b a l a n c e
t, $ 5 9 4 ,1 3 9 , p a id b y G ran d T ru n k o f C a n a d a uadw* tra ffic agree- ' E. F ia n e l* f fy d e , S , Y . ) ; e n t ir e ca p ita l s to c k s o f H Bm nm ud A B lu e
l* l* n d UK. (#100.0901 and il. ,v H. 1 R y. o f I n d ia n a (# 8 0 ,0 0 0 ) a r e d o
s o m t . tn 1 895 gross, # 4 ,7 9 6 ,t7 8 ; net, # 9 9 ,3 7 1 . (V . 6 0 , p. 794.,
p e- t e d a * "e rn r ltv f o r the C, IT. A- W, tir*t*. Hunt!* f o r $ 1 5 0 ,0 0 0 a re
C h i c a g o G r e a t W e s t e r n I t y .—fSce Map./ .Roatt.— O p erates the r e -e r r e d t o p o y o T e q u ip m e n t trust* a n d # 3 0 0 .0 0 0 f o r e x t e n s io n t o
’ *At»t>S» D e a f rou te, ra d ia tin g fron t fM lW ctfi, la ., n orth erly to S
a t. P
1 a u l, F ra n k lin P ark, e t c ,, a n d $ 4 5 0 ,0 0 0 f o r torm in a!*, n ew tra ck s , e t c .—V .
e a ste rly t o C h ica g o a m i s o u th e rly to K a n s a s C ity , a n d e m b r a c in g
6 4 . p. 2 * 7 . E q u ip m e n t tru st* tn 1897, # 1 2 5 ,0 0 0 .
/.te r * Owned —
MtSf,
trackage, etc.
Milts
P re sid e n t and G e n e ra ! M a n a g e r. J . I’ , T.vmatt, 2 1 8 I .» S a lle S tre e t,
C hic. t. P. A K a n . P ity K y . 8f, Paul To Mi nnrupo! ) * . 1
1 i C h ica g o , l l l . - ( V . 6 4 , p. 138, 2 8 « ; V, 0 5 , p. 3 6 7 , i l l . )
C h iva go to Ht. P au l, M ina.,
C h ica g o eerm lM tbttT.flft, p. 831) 1,0
C h l e a e o A I n d i a n a * t ia i e X .ln e H ) . —C r g n u lre d in 1 89 7 t o
and t. J osep h , M o ...........6 9 0 Dubuqttc t,» A ik e n ........................ 16 ; o p e r a t e th e iwStahfatif and te n n lu fil t a u is fi’ r nwid* tiw ueA o r c o n B ra n ch c* t o H a y fluid. e t c .,,.1 3 1 R e * M o tn e * te r m in a l* ............
4 •t n d b ’d b y the C lilea go J u m tion R a ilw a y - a n d S tu ck Y a rd s C o ., in
B e e C re e k t o .B everly (n o b d * . t . 2 3 Iwavenworth to Kansas C it y ., 10 c lu d in g the Chli.iigii H a im n oin l A W<-.t,-rn R R (wldisli se e ), e o n lr o l o f
w h ich w a* re p o rte d Ituri;ha*e.l in S ept., 1 897.—V . 6 3, p. 3 0 7 , 111.
T o ta l o p e r a t e d ............... ............................... ....................... ....................... .9 3 0
< h le a g o in illa n a p o ll* A
D o a l a v i l l i ' H y . — O perntea th e
T h e L e a v e n w o rth T erm in a l B y . A B rid g e Is Used In to Igta ven w orth , “ M on on R o u t e " from {thteagp. 111., v ia M on on , In d .. to u n ila fin p olis,
lfW fo R T .—T h e C h ica g o t P a u l A K b d - i * C it r w a s o rg a n is e d in In d .. a n d L o u is v ille , K y „ w ith b ra n ch e s—th e ay*tem in c la d in g :
iij.rr. under contract—
Miles
Lints mentd—
Miles.
M a y. 1 8 8 6 , a n d in D e c e m b e r, 1 8 8 7 , m erged w ith M in n esota & S o r t It
w e s t e r # , ch a rtered In 1854. F irst m o rtg a g e c o o p o n s , J a n . 1, 1 89 0 , In d ia n a Htate L in o t o ln d la n n p . 182 C h ica g o to In d , S ta te L in e ....... 2 0
5
t o J u ly 1 , 1 * 9 2 , In clu sive. w o r e fu n d e d In to p rio rity loa n fo r # 2 ,8 2 3 ,- N ew A lb a n y t o M ich igan C ity .2 8 9 New A lb a n y to L o u is v ille ........
2
159. Tn A ugu st, 1 89 2 , w m m s l i t d Per p lan . V ot, 5ft, p . * . Each B e d fo rd to S tritz C i t y . , . , ___ _ 41 C o n n e ctio n in In d ia n a p o lis ___
# 1 ,0 0 0 o f M int). A S . W. a n d Chi. St. P. A K . C. first lu ort. b o n d * » * , O ricau * to F r. L ick S p r in g * ___ 18
g iv e n # 5 0 0 d eb en tu re s to c k and # 0 0 0 p re f. “ A ” s to c k .
T otal o f a ll............................ . . 5 3 7
On S e p t. 7 ,1 8 9 3 , the C h ica g o G reat W estern C o. h a v in g thus b ecom e
A tease l o r 9 9 9 re a r* w ith C h lra e o A W estern Ind iana ( o f w h o se s to c k
th e o w n e r o f o v e r V t p e r re n t o f th e 1 » t m o rtg a g e b o n d s and o v e r 9 9 p er this CO. o w n * # 1 ,0 0 0 ,0 0 0 ) g iv e * en tra n ce to C h ica go on a m ile a g e b a s i s .
ce n t o f th e gen era l m o rtg a g e b on d s, a cq u ire d b y d e e d th e t it le o f th e
rristORT.—B n c o - iOr J u ly 1 . 1 89 7 , o f th e L o u is v ille N ew A lb a n y A
C h ica go S t P a u l Sc. K an*** C it e B y . (8 15 -6 7 m ile*), .-n ld w t t o the C h ica go H r., forr<( lo -e d and n m rgonU otl p e r p l a n In V. 03. p . 0 2 2 .
m o rtg a g e * , th e b o n d s w h ich it o w n * b e in g k e p t a lls It a ls o a cq u ire d
Ht o c k . - In the r e u rv a n lra tio n ,h o ld e r - o f th e # 9 .0 0 0 ,0 0 0 o ld e o m m o n
the title to th e L eav. A t-J o x e p h R y. 123 m ile s l.w U ch la tin e n c u m b r re d . h a y in g 2 h n.
l e v p re fe rr e d a t p a r rocolvort 3 3 % p e r c e n t in n e w
W P M T I M .—T h e b o ld e r * o f debenture a n d preferred A s to c k u p ; co m m o n , and tb * b o ld e r * o f the # 7 ,0 0 0 .0 0 0 o ld p re fe rr e d b u y in g 7 %
o.
I*,
o
f
n
e
w
p
re
fe
rre
d a t p a r re ce iv e d p a r In new co m m o n sto ck .
s t th e fln»te «• c o m m itte e , w h ich e g e r c ls e * g e n e ra l sui>erv)*tott o f ;
B o s k s .—Refunding mortgage hoars In te re s t from J u ly 1 ,1 8 9 7 , a n d is
anee*. A d d itio n a l seeoritie* o f s a id Issue* c a n be p u t o u t, b u t o n ly
s e cu re d u p on ftll th e ro a d , e q u ip m e n t and s e cu ritie s o w n e d (m cln d m g
w ith e o rix e n to f a m a jo r it y o fb o t h sa id cla »*e* o f s to c k p res en t a t a n ......
In*. DW atK IW o f o th e r Irenes h a v lt ig a Hen p r io r t o p re fe rr e d A ca n b e # 1 ,000,1)00 stork o f till? C h ica go *■ W estern Ind iana anil # 2 1 0 ,0 0 0
eseate)!. h o t o n ly w ith c o n s e n t o f tw irth ird * o f b o th c la s s e s . T l i e s e t - ! s to c k o f the B elt R r. o f C h ic a g o ), s u b je ct o n ly to th e $ 5 ,3 0 0 ,0 0 0 e x is t
era l cla sses in e a s e o f liq u id a tio n w ill h a v e p r in c ip a l p a id in g o ld , a c in g d ivision al b o n d s; to ta l au th orized issu e 1* $ 1 5 ,0 0 0 ,0 0 0 , Of w h ic h
c o r d in g to th e ir p r io r ity rig h t t o divM M tdo. At. e v trsiord ln a ry g e n e ra ! ; re serv ed t o ta k e u p e x is tin g d iv isio n a l b o n d * a t m a tu r ity , # 5 ,3 0 0 ,0 0 0 ;
tneetffig* o f .holdSw o f d eb en tu re s to c k a n d p r e fe rr e d A s to c k c o lle c t ; Issued in re o rg a n iz a tio n # 6 ,1 0 0 ,0 0 0 ; sold fo r ca «li to s y n d ic a t e ,# 1 ,t » « (| y h o ld e r * o f ont-tenth o t s a id stoek * o u ts to n d tii* , p resen t o r re p - 5 0 0 ,0 0 0 : to be Issued on.lv fo r h erierm eu ta and e q u ip m e n t, not, t o
tv s e n te d , eo ostitttte * q u oru m and b y is m a jo r ity v o t e h a v e ppvre# to e x c e e d # 3 0 0 ,0 0 0 In a n y o n e yea r, # 2 .0 9 1 ,0 0 0 . T h e re fu n d in g b o n d *
( # l ,7 0 0 ,0 0 0 ) Issued fo r o ld c o n s o l, Os b e a r 0 p . c . in terest; a ll o th e r
r e a c t io n a n y tnodMktwHn# o f th e righ t* o f a#id stock *.
Cm S e w Y o r k S tock K x eh a n g s In O c to b e r , 1807. # 1 3 .3 0 0 ,0 0 0 d e b sn - re fu n d in g b on d * h e a r 5 p. c. T ru ste e s arc C en tra l T ru st C o., N . Y „
anil
J a m e s -M urdock, o f L a fa y e tte , B id.
W to s to c k h a d been lis te d . Cash d iv id en d * v U Ha rosn m ed o n *H the
O mvvk u . F i g ) » : ) » . - Thu re o rg a n iz a tio n in 1 8 9 8 -9 7 re d u ce d t h e
d e b e o ta rb S tock w h en the .•*333.685 d e b e n t e r c .Scrip o n h a n d Slept,«
i897,;S :h » i f w « v * hem p a id o tif In in terest o r d iv id c u d s p e r arru tigeiu eut a n n u a l fix e d ch a r g e s fro m # 1 ,0 1 9 .4 8 6 to # 9 5 5 .4 5 0 . In clu d in g re s ta te ,
ot 18SM (Y. 59, p. 4 7tb . 82.217,-"*** o f the ill bent o re s at p resen t (June b u t n o t tin) p re fe rr e d s to c k d iv id e n d (# 1 5 3 ,3 3 0 ). It a lso p ro v id e d
3 0, 1897,) r e c e iv in g d iv id en d * o n ly in s crip . T h e s c r ip b e a n n o in terest. # 2 .1 0 0 ,0 0 0 ca sh , o f w h ic h # 7 0 0 .0 0 0 fo r n e w te rm in a ls, a ir-b ra k e s a n d
o t h e r im p ro ve m e n t-,, tin* re m a in d e r b e in g f o r flo a tin g d e b t, co u p o n s ,
U r v iP K W t )* -T h e c o m p a n y p a id I n t e r e s t o n a ll d e b e n t u r e s t o c k tn e tc See statem en t to X .Y . S to c k E x c h a n g e in J u ly . 1 80 7 .—\ . 6 8 ,p . 194 .
Cash 1393, 4 p, ••., a o d in c a s h to h o ld e rs s u b s cr ib in g and In s crip to L iste d t o O ct. 2,3, 1897; R e fu n d in g 5 s, # 2 ,7 1 7 ,0 0 0 ; r e fu n d in g 0 s,
non su b scrib e rs in 1 89 4 , p . r ; tn 1 89 5 . t p . c .; In 1 39 6 , 4 p. c . ; in ^3 q{)^) 0 0 0
1 *0 7 . 1 p .
S o d iv id e n d on p referred t o J u ly , 1 89 7 .
E I R W 'O S —(2 m o n th s), / 1 8 9 7 ....... .. .G r o s s , # 0 1 0 ,2 0 3 ; n et, $ 2 1 0 ,1 0 1
J u ly 1 t o A u g . 31. ( 1 8 0 0 .............G ross, 4 9 9 .0 2 8 ; n o t 1 4 9 ,9 6 7
* *R *A t, F n tju te s A —The eoo tp a tiy has heett s p e n d in g » co n s id e ra b le
J
u ly 1 to M arch 3 1 , 9 m o n th s, gro ss, # 2 ,1 1 0 ,0 7 0 lu 1890*7 a ga in st
c o m f o r the re d u c tio n o f g ra d e*, ot);,, # 7 3 7 ,6 0 0 from gate o f s te r lin g
~ ' w an d from ea rn litg# b # v t o g b een s o a p p lie d In 1 89 6 sm l 1 8 9 7 , # 2 ,4 0 3 ,1 5 6 in 1895-8.
Atm tiAl. R e p o r t __ F isca l y e a r end* J u n e 3 0 . R e p o rt o f o ld co m p a n y
4 # 1 8 2 ,0 0 0 fo r b a lla stin g , e t c ,, fr o m o th e r sou rces. S ir p e r c e n t
• tru st* (issu ed In 1 8 9 6 ), #100.1*00. See o th e r fa cts In V. t il, p. 280 . fo r 1895 9 0 w as g iv e n lu V. 0 3, p. 500 , and s h o w e d :
West. Indiana to Chicago, 20 mile*. Practically merged In Erie HR. Co.
4
E
4
$100
0
.-(9
65
S
8
8
8
86
8
8
1
K
4
0
«
---------------''-'c.
Effijs'W
IN V E S T O R S ’
S U P P L E M E N T .
[V o l.
l x v
RAILROAD
OCTOBEB, 1897,1
85
STOCKS AND BONDS.
su b sc r ib e r * w i ll e o n fe r a a r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
Bonds— P rin c lBA1XR0ADS,
IN T E R E S T O R D IV ID E N D S .
M ile* D a te S ize, o r
A m ou nt
of
Par
F o r explanation o f colum n h ea d in gs, &o., see n o te s
of
R a te
W hen W h ere P a y a b le , an d b y Stocks- L a s t
O u tsta n d in g
R oad . B onds. V a lu e .
W h om .
on first p a g e o f ta b les.
P e r een t. P a y a b le
D iv id e n d .
Chicago Milwaukee dt SI. Pmil—t Concluded)—
M ilw a u k ee A St. P aul loa n s —
Io w a A D a k ota 1st M ., co n v , in to p re f. s t o c k . ‘ e
R iv e r D iv. ( LP .A C .) 1st M . con . in to p f.s tk .g _ o *
H a stin gs A D a k ota 1st M ., c o n v . n to p ref. s t'k
CM c. & MU. 1st m ort. (c o n v . in to p ref, s t o c k ). . *
C h ica g o M ilw a u k ee A S i. P a u l lo a n s —
P rio r lie n co n s o ls , c o n v e r tib le in to p r e f ...........
C onsoL m o rt., c o n v . in to p re f. s t o c k ................. e*
I. A D . E x t. 1st M ., co n v e rt, in to p ref. s t o c k .o '
. W. D iv . 1st m o rtg a g e W estern U n ion R R ..C *
o . M in n esota D iv , 1st m o r t g a g e ........................ e*
Mineral P oin t D iv is io n 1st m o r tg a g e ............... c*
H ast- & D ak. B tv ., e x te n s io n , 1st m ortg a g e c*
do
do
do
e*
L a cro sse A D a v . D iv . 1 st m o r t g a g e ...................o*
W lse.V a L R R .C o. IstM .. T om a h t o M e r rill, W i*-c
W is. V al. D i v .1st M. o f 1880, s. f., n ot d r ’ n .c*
D u b. D iv.lC h . C l.D .A M .) lnt.M ., s. f .,n o t d r ’ n . c ‘
Chic. A P a e, D iv . 1st M. (C hic, t o K ittre d g e ) .o*
W estern D iv. 1 st m o rt., (sec te x t) g o l d ........ e ‘
C hic. A- L ake S u p erior D iv . 1 st m o rt., g o l d . . . e*
Wis. A M inn. D iv, 1 st m o rtg a g e , g o ld
...—
Fargo A S outhern 1 st m o rt., g o ld , a ss u m e d ...........
Ch. Mil. A St, P . T erm in a l m o rtg a g e , g o l d ......... e*
D a k ota A G rea t S ou th ern l » t m ortg a g e, g o ld -----C h ica go A M issou ri R iv e r D iv . 1st m o r t g a g e .. .«*
In c. M l,con vert., s. f. $ 8 0 ,0 0 0 y e a rly (dr. a t 105)«*
G en. mort. (fo r $ 1 5 0 ,0 0 0 ,0 00 1 , g o ld Series A .c 'A r
M llw . A North'n 1st mort., Schwarz. to O r. B»y..e*
C on. M. ($ 1 7 ,0 0 0 p .m .),ls t M. north o f G r.B ay.e*
Chicago A Xor them Pacific- Sr.i; C h ic a g o T b r m i
8
0
8
8
1895-96.
189 4 -9 5.
S ro o s e a rn in g s ............. * 3 ,2 0 1 ,9 7 2 *53.097,014
N et e a r n in g s !......... ..
9 0 6 ,1 0 4
D iv id e n d * r e c e iv e d ...
7 0 ,8 0 0
7 8 .0 0 0
1411.573
126
129
....
83
1,000
$
$ A £
......
$ 4 2 1 ,0 0 0
3 ,7 3 6 .5 0 0
8 9 .0 0 0
2 ,3 9 1 ,0 0 0
1874
1875
1 878
1879
1880
419
183
1880
395
1880
1 880
395
1879
185
107
1879
500
161
1880
351
1880
i
1880
1,117 1 881
1881
1881
1883
119
1884
159
1 88 6
l.o o o
77
1880
.525
1886
5 ,7 2 2
1889
126 1 8 8 0
362
1884
SAL T ItJUS F ER RR.
1 8 5 .0 0 0
1 1 ,2 9 8 ,0 0 0
3 ,5 0 5 ,0 0 0
4 .0 0 0 ,0 0 0
7 ,4 3 2 ,0 0 0
2 ,8 4 0 ,0 0 0
5 ,6 8 0 ,0 0 0
9 9 0 ,0 0 0
2 ,5 0 0 ,0 0 0
1 ,1 0 6 ,5 0 0
2 ,2 4 9 ,0 0 0
6 ,3 0 9 ,0 0 0
3 ,0 0 0 ,0 0 0
2 5 .3 4 0 ,0 0 0
1 ,3 6 0 ,0 0 0
4 ,7 5 5 ,0 0 0
1 .3 5 0 .0 0 0
4 .7 4 8 .0 0 0
2 ,8 5 6 ,0 0 0
3 ,0 8 3 ,0 0 0
1 .3 6 8.00 0
2 1 ,1 1 7 ,0 0 0
2 .1 5 5 ,0 0 0
5 .0 9 2 ,0 0 0
1 86 9
1872
....
1 873
1,435
1,435
335
212
120
A
1803-94.
03. 135. s s 2
1 ,0 1 7 ,2 7 2
6 0 .0 0 0
8
1,000
1.000
1,000
1.000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
,000
1.000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1.000
1892-93.
0 3 ,4 1 6 ,4 8 9
1 ,0 6 0 ,6 0 2
74,4 00
7
J. & J. N .Y .,O ffice,3 0 B ro a d St.
7 g. J. & J. L o n d o n an d N ew Y o rk
7
J. A J. N. Y .,O fflce,3 0 B ro a d St.
J. <fe J.
do
do
7
7
7
7
6
6
5
7
5
5
7
6
6
6
5
5
5
6
5
5
5
5
4
6
6
J.
J.
J.
J.
J.
J.
J.
J
J.
. .
J.
J.
J.
g. J.
g. J.
g. J.
g.
K. J.
g. J.
J.
J.
g . J.
J.
J.
1
J u ly
Jan.
J an .
J an .
1,
1,
1,
1,
1S99
1902
1 90 3
1 903
<fe J.
do
do
J an . 1, 1 90 4
do
do
A J.
J u ly 1, 1905
& J.
do
do
J u ly 1, 1908
do
do
& J.
J u ly 1, 1 909
<fe J.
do
do
Jan . 1, 1 91 0
do
do
A J.
J u ly 1, 1 91 0
& J.
do
do
Jan'. 1, 1 910
& J.
do
do
Jan . 1, 1 9 1 0
do
do
A J.
J u ly 1 , 1 919
A J . B o sto n , L e e H igg in son . Jan . 1. 1 90 9
A J. N. Y. Office, S O B roadS t. J u ly 1, 1 92 0
do
do
A J.
J u ly 1, 1 92 0
<fc J.
do
do
J an . 1, 1910
do
do
A J.
Jan . 1, 1921
do
do
A J.
J u ly 1, 1921
A J.
do
do
J u ly 1, 1921
do
do
A J.
Jan . 1, 1924
A J.
do
do
J u ly 1, 1914
do
An
‘
, 19 i
A J.
X- *
~ .y
, i.i.d
.40
<Z »
J an . 1, 1 91 6
A J.
do
do
M ay 1, 1 98 9
A D. N .Y ., O il.M il.A S t.P .R y . J u n e 1, 1 910
do
do
A D.
J u n e 1 , 1 913
1
1
On J a n e 3 0. 1 997, th e fo llo w in g a m o u n ts o f gen era l m o rtg a g e b o n d s
had b een issu ed o r w ere re s e rv e d f o r th e p u rp o s e In d ica ted , viz
Listed on N ew Y o rk s t o c k E x c h a n g e ...................................
# 2 0 ,4 9 8 ,0 0 0
U nlisted (issu ed ), a n d In trea su ry o f the m . {u n is s u e d ).
-1 ,369,000
T o ta l g iv e n a* o u t s ta n d in g ..................................................
Total net Income. $1,182,383 81,074,704 #1.077.272 #1,135,022 1
# 2 4 ,8 5 7 ,0 0 0
1 0 3 ,0 5 9 ,0 0 0
Charges o f Xcta Compang.- Old dl visions! bond*. #318,000; new re- R e se rv e d fo r p rio r lie n * ..............................................................
funding mortgage -5s and tw. 8427.430: rental', estimated, #210,000i i O rigi n a lly re se rv e d fo r p r i o r lie n * , w h ich h a v e s in ce b e e n )
c
o
n
v
e
rte
d
I
n
t
o
p
r
e
f.
stock
.
W
ill
e
v
e
n
tu
a
lly
b
e
co
m
e
!1 0 ,4 0 9 ,0 0 0
total charges. *055,450; dividend on preferred, 4153.350.
a v a ila b le f o r Im p ro v e m e n ts, (See a lso b e l o w ) ............. )
OrrtcKft* —9»mue! Tnomas. President: ff. II. SfeDoel, Vice-Presi A vailable t o r Im p rovem en t*, e t c . (s e c a lso b e l o w !...........
9 ,0 1 5 ,0 0 0
dent and General Manager; John A. Hilton. Secretary and Assistant
Treasurer, W. H. Lewis, Treasurer and Assistant Secret ary
T o ta l a u th o r is e d ................. ...............................- .................... # 1 5 0 ,0 0 0 ,0 0 0
D: a I- -too ■*—Samuel Thoiri.!. -. John Grconottgii. John G Moore, Ed'
T he % 24.857.000 o u ts ta n d in g In clu de # 6 .0 0 0 .0 0 0 Issued t o p a y f o r
■ward It Thomas. Gilbert It. Shaw. W. H MeDo-l. James M u rd ock 178 m iles o f s u n d ry s m a ll b ra n ch e s o n w h ich th e ge n e ra l m o r t g a g e is
Crawford Fairbanks, V. T. Malott. r ajrjn g, Srlee and K. C. Flel-t- . a first lien , a n d to re tire th e # 2 ,5 0 0 ,0 0 0 first m o rtg a g e b o n d s o f
New York office 90 Broad w *y.-(V. 64, p. 42, 134,234,373.517, 587- C h ica go E v a n s to n A L ake S u p e rio r Ity., a C h ica go su b u rb a n r o a d ,
664,1180.1223; V. 65. p. 26, 101.1
a lso $ 3 ,5 8 3 ,2 0 0 burned t o re p la ce p rio r b on d s p a id and ca n c e lle d .
C h ica g o K a la m a z o o A S a gin a w H r . - Projected from Kala
T h e $ 0 ,0 1 5 ,0 0 0 " a v a ila b le fu r Im p ro v e m e n ts, etc..." o f b o n d s a b o v e
ntazoo, Mich., to Saginaw. Mich, 125 miles, of which 45 miles, m e n tio n e d are a p p lica b le fu r p rem ium * p a id in re tirin g o r re fu n d in g
Kalamazoo to Woodbury. In operation. Its December. 1805, #150.000 c o n v e rtib le and o t h e r p rio r Hen b o n d s b e a rin g a h ig h er ra to o f In
stock * as outstanding. The first mortgage l* for #225,000 to Union terest than 4 p. c „ f o r c o s t o f b ra n ch ed , s e co n d a m i sid e tra ck s , rea l
Trust Co. at Detroit, as trustee. In 1905 gross. #40,307; net, 016,769. e sta te , b rid ge*, r o llin g - l o c k , e q u ip m e n t, ate. On J h ly 1 ,1 8 9 7 , o f th e
Operated by Kalamazoo A Hastings Construction Co. (V, 61, p. 1063.) ; p r io r Ben bond * o u ts ta n d in g , $ 2 2 ,3 1 5 ,5 0 0 (m a tu rin g 1 8 9 7 -1 9 0 8 ) w ere
C h lr s x i t.at>< Shore A H asten: Ity.—•Road consists of c o n v e r tib le in to p re fe rr e d s t o c k : i f fro m tim e to tim e s o co n v e r te d
about 260 mile* of track, affording access to the Important railroads th ey w ill set tree a like a m ou n t o f gen era l 4 * w h ich , w ith th e $ 1 0 ,4 6 9 ,reaching Chicago Milw aukee and Joliet, and also to steamboat Hues, i 000re s e rv e d a g a in s t b o n d * a lre a d y co n v e rte d , w ill b e co m e a v a ila b le
fo r Im p rovem en ts, a d d itio n s , e tc., a* so o n a* th e b a la n c e ($ 9 ,0 1 5 ,0 0 0 )
stone quarries. >nd»strial t«r*bll»bmcnta. etc
Formed in 1997 hv consolidation of Cain met & Blue Island Ky. and ; o f th e a m o u n t o rig in a lly re se rv e d fo r Im p ro v e m e n ts ha* b eou so e x
te n d e d . V, 48, p . 8 3 0 : V. 5 0 , p. 2 0 3 . N. 5*. S to ck E x c h a n g e to
C. 1. 8. A E. Railroad.
Capital stock ta #25 « . 0o « in October, 1897, financial plan not yet O c to b e r. J 89 7 , had ID ted # 2 1 ,1 1 7 ,0 0 0 gen eral*-—, ee “ G e n e ra l F in
ances ” and V. 65, p. 462.
eomnleted. V. 62, p. 968; V. 64, p. 422.
g k x e h a l F ix a n c k *, A c .— A co n sid e ra b le a m o u n t o f th e s to c k Is held
C h icag o M ilw a u k ee A' M. Paul B y ,—'Ref Map.)—Operates
from Chicago westerly to Omaha, Neb., *n>f Kansas, City, Mo., will, by p a r t i,* a lso in terested in the f h l c a g o A N orth W e stern , so th a t th e
lines, traversing Wisconsin, Minnesota and the Dakotas, including:— I tw o roads a re op era ted as a ru le In h a rm o n y . D iv id en d s on co m m o n
s to c k w ere resu m ed In O c to b e r, 1 89 2 . S ee •* d iv id e n d s ” a b o v e .
Iow a
Road.
Mile*. 1
Road.
itiles
blues owned (of which 11
; Trackage, 1st, 2d A 3d trank
62 : A M in n e so ta 7s fo r $.383,000 m atu red a n d w e re paid J u ly 1. 1 89 7 .
T
h
e
e
a
rn
in
g
s
since,
J
u
ly
l
,
1
89
3
,
Inclu
de
th
e
M
ilw
a
u
k
ee
A
N
orthern
.
miles owned jointly) Ini 2nd A 3rd tracks.................. 207
A v e r a g e freigh t train lo a d In 1 896-7 was 167 t o n s : ra to pet- ton p e r
eluding Mllw. « Northern,
Contrallod, owe, trpnraltlg.
tulle,
1-O
oh
vents
:
In
1
895-6
train
loa
d,
107
t
o
n
s
;
ton
ra
te
l'OOS
cen
t*.
426 m ile*,.,....................8.154 |De. M, No. A Western.......... 150
G en era ls f o r $ 2 ,5 0 0 ,0 0 0 w ere In J u ly and S ep tem b er, 1807, a u th o riz e d
B istort, AO.—The Milwaukee A St. Paul KK. Co, was organised M ay 1to b - it-ic d from tim e to tim e, m a k in g tota l $ 2 1 ,5 1 0 ,0 0 0 ; th e b o n d s w ere
5, 1863. and on Feb. 11, 1874, took It* present name. The system ha* -o ld f o r Im provem en t* .,r,(j re tirln r p r io r b o n d s. In M ay, 1897, o p t io n
since been greatly extended by the construction and acquisition of w as g iv e n t o h old er* at P ra irie d u C nlen 1st 8s m a tu r in g F eb. 1, 1898,
other line*. The stock of the Milwaukee A Northern was acquired In to e x c h a n g e th eir b o u d s l o r g en era l 4* a t p a r. B y tills e x c h a n g e a n d
September, 1800, In etehange for common stock, and In Kept, 1803, in- th e co n v e rs io n o f Town and M in n e so ta D iv is io n b o n d s in to p r e
the sale of the M, A N. to the St, Paui sra* ratified. In August, 18*14. fe rre d stock th e c o m p a n y e ffect* a total s a v in g o f $158,450 0y e a r .—V.
acquired control of the Dos Moines Northern A Western, (V. 50, p, 2*28.) ‘ 0 4 . p . 1 0 0 0 : V . 0 5, p, 26.
Capital BTOOtEA—The preferred stock has a prior right over the ; Kah .x iso s . - 2 m on th s, J 1 8 9 7 -G r o ss , 0 5 ,4 9 4 ,0 0 7 ; not, $ 2 ,0 4 1 ,9 0 3
eomtnon stock to a dividend of not over 7 percent from net earnings In :
J u ly 1 t o A u g . 3 1 .
< 1896
.G r o s s , 5 ,0 7 0 ,5 9 3 ; n et,
1 ,6 6 6 ,6 2 6
each rear, tint If not earned It ha* no cumulative right. After payment j
ANNUAL R ki-o r t .— Fisca l y e a r e n d s J a n e 3 0. A n n u a l m e e tin g Is
Jf 7 per cent on preferred and 7 on common, both classes share pro rala.
net.l
In
S
eptem
ber.
R
e
p
o
rt
fo
r
1
“
9
6
-0
7
w
a
s
g
iv
e
n
in
fu
ll
In
V. 6 5, p .
Common stock authorized, #*7,062,380. Preferred stock on July 1,!
1889, was #21,610,000, and It ha* been Increased to present figure* by 4 6 0 , 4 8 4 See a lso e d ito r ia l, p. 4 4 0 .
1 89 6 -9 7.
1 89 5 -0 6.
1894-95.
exchange of convertible bond* for stock. On July 1,1996, #24,933,
500 prior Hen bonds ontslandtag were exchangeable for preferred.
Miles op e ra te d J u n e 3 0 ........... ..
6 ,1 5 4
6 ,1 5 1
8 ,1 6 9
Dtv». since 1899. > I8f»0. 1 8 0 1 , 1902. 1803. 1994. 1803.1896. 1807. p a ssen ger e a rn in g * ...................... $ 5 ,7 1 7 ,4 9 6
$ 6 ,1 4 7 ,0 7 9
$ 5 ,8 5 2 ,7 8 1
On common, > 0
0
2
4
4
2
l
3
Freight e a r n in g s ................
2 2 ,1 0 4 ,8 0 3
2 3 ,9 8 7 ,9 3 0
1 8,9 7 8 ,2 6 3
On preferred. > 7
7
7
7
7
7 7
7
MatL e x p re ss , A c ., e a r n * ...........
2 ,6 0 4 ,4 6 9
2 ,6 4 6 ,2 2 0
2 ,5 0 4 ,3 2 5
On commas* In 1997, April, S p a ; October, 3 p. <*.. of which 1 p- I
T o ta l e a r n in g s ........................$ 3 0 ,4 8 8 ,7 6 8
$ 3 2 ,6 8 1 ,8 2 9 $ 2 7 ,3 3 5 ,3 0 9
Wa* extra, V, 65, p 46'i.
K rprners —
Bosks.—Abstracts o f some of the principal mortgage* were pub- j Maintenance
of w ay.................. $ 1,334,955 $4,374,724 $3,703,460
Halted In the GitBostci.K. Y .45, pp. 83, 114,1M, 212, and V. 49. p. 830. M
aint. ears and engine* . . . . . . .
2 ,4 6 4 ,8 3 9
2 ,0 4 2 ,2 9 5
2 ,0 8 5 ,3 0 0
The following bonds are rmrerti&ir Into preferred ttoek at any time T ra
n
sp
ortation
, gen . e x p ., etc .
0 ,8 9 8 ,9 5 2
1 0 ,5 2 9 ,8 5 3
9 ,7 4 8 ,3 0 4
within ten days after a dividend shall have been declared and become j
1,181.231
1,082,084
1,084,700
payable on the preferred: Iowa A Minnesota 7*. due 1997. Prairie dn ( RTaxes.................................
n e w a l a c c o u n t ..........
2 0 0 ,0 0 0
3 5 0 .0 0 0
qbtea 2d*. I « r * A Dakota 7», Iowa A Dakota .Extension 7a. Blvcr; Meiscella
n eou s....................
4 9 4 ,8 6 2
3 0 7 ,8 3 1
4 2 1 ,9 1 4
Division 7s, Chicago A Milwaukee 7s of 1908, Hasting A Dakota 7s of
1903 and Ch, MB. AS*. P- consol* of 1875, The consol* of 1974 »Un>
are convertible Into preferred within 15 day* after dividend day. The
T o ta l e x p e n s e * ............. .......... $ 1 8 ,5 7 7 ,5 3 0
convertible bond* were fully described In Svitlbm ext for Mar. ’93. p. 2. >N e t c n n d n g s ..................................... $ 1 1 ,9 0 9 ,2 2 9
P e r c fc o f op . e x p .t o o a r n s .............
i o t h o r l n c o m c ..................................
(6 o '9 4 )
1 6 2 .8 2 2
$ 1 9 ,6 7 6 ,8 0 8 $ 1 7 ,0 4 3 ,7 5 3
$ 1 3 ,0 0 5 ,0 2 1 $ 1 0 ,2 9 1 ,0 1 6
100*21)
I82-35)
6 4 ,8 5 7
1 3 4 ,6 4 7
Chicago A Pacific Western IncUicm 1st 5s were Issued at #20,000
per mile for road, with addUlonat amount* for equipment and
bridge*; im>further bond* can be hotted- The morigiige covers the 1 T o ta l n ot In co m e ....................$ 1 2 ,0 7 2 ,0 5 1 $ 1 3 ,0 6 9 ,8 7 8 $ 1 0 ,4 2 6 ,2 6 3
following mi e* of ro»d: Parley, la . to Kanes* City, Mo., 341 mile*; j
$ 7 ,6 2 9 ,3 7 7
Marion, la., to Connell Staff*, I*., 2 6 2 mile*; Astor, la., to Aberdeen. . Interest on d e b t ............................. $ 7 ,4 8 8 ,7 4 7 # 7 ,6 1 1 ,9 2 8
M is ce lla n e o u s ............. ...................
..............
5 7 ,5 6 0
.............
North Dak.. 352 mites: branches 162 mile*; total, 1.117 mile*.
Terminal flee, per rent bond* of 1894 cover terminal property
B
alance
fo
r
d
iv
id
e
n
d
s
.........
$
4
,5
8
3
,3
0
4
#
5
.4
0
0
,3
9
0
$
2
,7
9 6 ,8 8 6
of several hundred seres in Chicago and Milwaukee.
MVrrilJMis PAID DURING FISCAL YBAR.
The “ Income” bond* of 1896 are convertible into common stock;
within 60 days after any dividend day, and have a sinking fund of 4 ; C om m on ................................... (4 )$1.841,090 (3)01,380,817 (3)01.380.818
per cent. #80,000 worth of them being drawn for payment yearly at j P re fe r re d .......................................(7) 1 ,8 0 0 ,3 c 3 (7) 1 ,8 4 6 ,3 1 5 (7 ) 1 ,8 1 9 ,8 0 2
105 If not obtained for lose
The general mortgage of 1899 (see abstract In V, 48, p. 830) Is fo r ;
T o ta l d iv id e n d s ...................... $ 3 ,7 3 7 ,4 5 3
$ 3 ,2 2 7 ,1 3 2
$ 3 ,1 9 0 ,6 2 0
#150,000,000, to Uv- united State* Trust Co., o f New York, as trustee, — (V. 6 4 , p. 2 3 3 , 8 8 7 , 1 0 0 0 ; V. 6 5. p. 2 6 ,4 0 9 , 4 4 0 ,4 6 0 ,4 6 2 ,4 6 - 1 ,7 7 8 .)
and covers the entire rail w,»v property and franchise* of the company
C h le a s n A N o r t h e r n »»><ctll< It I t . — R-orgatiized on July I, 1897
(therein deserlbcd) subject: i© prior liens as below mentioned. The
a* the C h ica g o T erm in a l T r a n s fe r H R ., w h ich see.
prior lien bonds cannot be extended, but wit! be paid off at maturity.
INVESTORS’
SUPPLEMENT.
i VOL, L X V
S u b scrib e r* w i l l c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In tb e se T a b le s .
B on d s— Princi
INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Date Size, or Amount
Par Outstanding Rate per When Where Payable, and by Slocks —Last
of
"•or explanation of column headings, Ac., see notes of
Value.
Cent.
Payable
Whom.
Bonds
Dividend.
Road.
on llrst page of tables.
$100 $39,086,383 5 in 1897 J. A J. N.Y„Co.’s Office,52 Wall J’ly6,’97,21e%
r'hicaijo «C N o r t h W e s t e r n —Common stock....... 4,273
100 22,363,600 7 in 1897 Q.-J.
do
do
Oct. 8, ’97, 1%
Preferred stock (7 p. o. yearly, not oumulatiye).. 4,273 ....
7
Q.-F.
do
do
Feb. 1, 1915
Oh. A N. W. con. a. f. M. ($12,900,000), not dr'n.o’ 788 1865 1,000 12,832,000
1,700,000
J. & J.
do
July 1, 189^
7
do
85 1863 1,000
(’hie. A Mil. IstM. Chicago to Mil. (assumed)..
__
68,000
do
do
....
Sept. 1, 1898
—
Peninsular RR. 1st M., convertible.................
Cedar Rapids A Missouri Rlv.—Bonds assumed.
M. A N.
do
do
7
May 1, 1916
1st iuort, 3d Div., Des. M. River to Mo. River 149 1866 500 Ac. 2,332,000
769,000
7
J. A D.
122 1884
A. A O.
1,350,000
do
do
8
Oct. 1, 1900
71 1870 i,6oo
Iowa MUU'dIstM., Lyons to Anamosa (assumed)
do
do
Apr. 1, 1911
7 g. A. A O.
Madison extens.lst M., g. (s.f. $23,000, not dr’n) 129 1871 500 Ac. b 2,977,500
do
do
June 1, 1911
7 g. J. & D.
Menominee ext.lst M., g. (s. f. $20,000, not dr’n» 114 1871 500 Ac. c 2,546,500
do
do
June 1, 1917
62 1872 500 Ac. d 3,365,000
7 g. M. A 8.
Northwest. Union 1st M.,g.,Mil.to Fond-du-Lae.
do
do
Dec. 1, 1902
7 g. J. A D.
Chic. &N.W. gen. consol. M., g.,s.f., not dr’n c.*<Str 1,070 1872 500Ac. 12,336,000
560,000
j. & j.
do
do
7
July 1, 1906
31 ’76-’80
Menominee River 1st M., two serieB (assumed)...
1,600,000
M. A 8.
6
do
do
Sept. 1, 1905
Mil. & Mad. 1st M., Mil. to Madison (assumed) .0* 82 1880 1,000
1,528,000
M. A N.
6
do
do
Nov. 1, 1905
Chicago A Tomah 1st mort., guar, (assumed)... £ 152 (1880
(1882
e 601,000
M. A N.
6
do
do
Nov. 1, 1905
Chicago Milwaukee <fc N. W. construe, do ...
720,000
43 1881 1,000
6
do
do
j. & j.
July 1, 1901
Eseauaba&Lake Superior RR. IstM., (assumed).
600,000
F. A A.
do
57 1882 1,000
7
do
Feb. 1, 1907
Des Moines A Miim. lstM.,DesM.to Jewell Jo., Ac.
1,000
1884
1,600,000
64
M
.
A
8.
do
Mob.
1, 1909
5
do
OttumwaC.F.&St. P. IstM.($25,000p.m.), gu..c*
1,500,000
M. A 8.
do
do
Mch. 1, 1910
75 1885 1,000
5
Northern 111. IstM. ($20,000p. mile),assumed..c*
do
do
Oct. 1, 1929
C. AN.W.s.f.b’ds of ’79($15,000p.m.)red.atl05.c<fcr 1,041 1879 l,000Ac 13,397,000 5 A 6 A. A 0.
1,411,000
do
Apr. 1, 1902
do
Iowa Div. IstM. for$l,411,000 ($20,000 p.m.)o* 71 1891 1,000
4is A. & 0.
1883 l,000Ac 9,800,000
5
M. A N.
do
do
May 1, 1933
Sinking fund debentures of 1933 (not dr’n).c*<fcr
1884 l,000Ac f 5,369,000
M. A 3.
5
do
do
Nov. 1, 1909
25-year debentures of 1909 (see text;.......c*&r
1,000Ac
1891
g
9,819,000
A15
AO
do
5
do
Apr. 15,1921
30-year debentures for $10,000,000..........c*<fcr
F15AA.
4
do
do
Aug. 15,1926
Extension 4s, $20,000,000 ($20,000 p. m.)..c«fcr __ 1886 l.OOO&c Iil7489,000
1897
See text.
Refunding mortgage, $165,000,000, gold...cAr
do; reg. int. Q.-F. Nov. 1, 1987
3^2 g. M. & N.
1.592,000
M. A N. N.Y.,Co.’s 0 ftice, 52Wall Nov. 1, 1907
7
Winona A St. Peter 2d mortgage (now 1st) guar.. 139 1870-1 1,000
7 g. J. A D.
do
do
Deo. 1. 1916
1st mort. extens., gold,land grant,s.f.,guar...c" 184 1871 100 Ac. l£ 4,038,500
In addition to bonds outstanding as above, t he sin king f imdJun e 1, 1896, he Id b., $17 2,500; c ., $150,500; <1., $135,00 0;e., $149,000;
f., $521,000 (and $110,000 on hand); g., $1 81,00 0; h.,$ 1,143,0100; k., $202 ,500.
L and G rant .—The report for 1896-97 showed that the total consider
C h i c a g o 6c N o r t h W e s t e r n
M a p .)—Operates an im
portant system of roads uniting Chicago, 111., with Omaha, Neb., St. ation for the lands and lots sold in that year amounted to $141,215.
Paul Minn., with the great wheat belts of Dakota, Nebraska, etc., and Net cash receipts were $396,890. The statement of amounts secured
with the mining regions of Michigan and the Black Hills, including— to be paid to the company by outstanding contracts of sale in force at
the end of the fiscal year showed a total of $924,912. The lands
M iles.
R oad ow ned —
M iles. Controlled b y stock,
unsold and uncontracted for May 3 1 ,1 8 9 7 , were 693,926 acres.
operated separately—
Lines owned in fee.............. 3,085
G eneral F inances .—The first issue of ($20,000,000) refunding bonds
Milwaukee Lake Shore &W... 757 Fremont Elk Horn A Mo. Yal. 1,301
per cent interest was sold to provide for $18,015,500 old bonds
Sioux City & Pacific............ 107 at
E n tire stock ow ned —
47 maturing up to Dec. 1,1902. If the entire issue of $20,000,000 is re
Winona A St. Peter.............. 449 Wis. Nor. (V. 65, p. 235).....
quired to refund these old bonds the saving in interest charges will be
Dakota Central.................... 724
Princeton & Western...........
16 Total of all....................... 6,486 about $530,000 per annum—see “ bonds” above and V. 65, p. 69, 111.
2d track............................. 443 Maple River first 7s for $402,500 fell due July 1. 1897.
A lso has large interest in Chi
For the elevation of tracks in Chicago $530,387 was spent in 1896-7.
Total inel. in earns............5,031
cago St. Paul Minneapolis A V. 62, p. 456; V. 63, p. 228. In 1896-97 the average freight train load
was 151^2 tons, against 141 tons in 1895-6; rate per ton mile, 0-99 of
Omaha, 1,492 miles.
History, Ac.—The Chicago A North Western Railway was organized a cent. In calendar year 1895 of 16,215,091 total tons or freight car
ried, grain furnished 8-7 p. c., coal 10 p. c., ores 29 p. c. and lumber
In 1859, and has since absorbed many other roads.
In December, 1882, a controlling interest was acquired in the stock of 13 p. c.
the Chicago St. Paul Minneapolis A Omaha Co., which see.
atest E arnings .—Jan. 1 to Sept. 30,9 months, gross, $23,967,990
In July, 1884, the capital stocks (except a few shares) o f the Fre inL1897;
$23,942,176 in 1896.
mont Elkliom A Mo. Valley and the Sioux City A Pacific were acquired
on the terms stated in the S upplement o f June, 1885, and prior issues.
A nnual R epo r t .—Fiscal year ends May 31. The annual meeting is
Their securities, except those held by Chic. & N. W.. are in table above. held the first Thursday in June. The report for 1896-97 was given at
In December, 1891, the Milwaukee Lake Shore & Western RR. was
in V. 65. p. 274, 279. See also editorial, p. 257.
bought by an exchange of stock, and on Sept. 1,1893, it was formally length
Tlie following statistics are for the Chicago & Northwestern propei;
merged into the Cb. A N. W., its stock canceled and all its liabilities the
statistics
of the Freinoni Elkhorn A Mo. Valley are given further
and duties assumed. See V. 57, p. 375; V, 56, p. 792. Wisconsin
Northern Ry., 47 miles, opened—see V. 65, p. 235. V. 62, p. 363; V. 63, below and in the Ch r o n ic le , V. 63, p. 309.
p. 311, 313; V. 65, p. 235.
Y ea r en d in g M a y 31.
1897.
1896.
1895.
1894.
Cap it a l Sto ck .—Of the common stock $2,333,608, and prcfen'red
miles oper..
5,031
5,031
5,031
4,841
$3,795 remained in the co’s treasury in June, 1897. Pref. stock has a Average
Passenger
earnings..
$6,963,578
$7,408,827
$7,044,691
$9,226,467
prior right to 7 p. c.; then common 7 p. c.; then preferred 3 per cent; Freight.................... 22,236,612 24,354,622 19,484,415 21,284,929
then common 3 per cent; then both classes share.
Mail, express, A c.... 1,777,053 1,725,312 1,579,268 1,474,786
D ivid en ds — ’ 83. ’84. ’ 85. ’86to’P3. ’ 94. ’ 95. ’ 96.
’ 97.
Common...... 7
7 6^ 6 yearly 3
4
5
belowr.
Total earnings...$30,977,243 $33,488,761 $28,108,374 $31,986,187
Preferred— 8
8 7^ 7 yearly to Oct., 1897, inclusive.
Oper. expenses...... $18,877,089 $20,373,402 $17,503,917 $19,867,628
C om m on in 1897—January, 2^ per cent; July, 2^ per cent.
Taxes.................... 1,061,732
1,075,569 1,007,811 1,040,302
B onds .—R e fu n d in g M ortgage.— In July, 1897, the directors author
Total expenses..$19,938,821 $21,448,971 $18,511,728 $20,907,930
ized a mortgage for $165,000,000 bonds to be dated Nov. 1, 1897, and
run 90 years. The bonds are to refuad outstanding issues either at or Net earnings........... $11,038,422 $12,039,790 $9,596,646 $11,078,252
before maturity and may be issued from time to time, bearing such P. c. exp. to earnings
(64-37)
(64-50)
(65*86)
(65-37)
rate of interest as shall be deemed advisable. Stockholders on Sept. Investments, etc......
964,310
671,638
652,274
431,673
22 confirmed the authorization. The first issue of $20,000,000, bear
ing 3^ per cent (reg. interest Q.—F., coupon M.AN.), has been sold
Total receipts.... $12,002,732 $12,711,428 $10,248,920 $11,509,925
to Kuhn, Loeb A Co., of N. Y.—see “ general finances” below and V. Interest on debt.........$7,115,701 $7,122,356 $7,071,135 $6,875,232
65, p. 69, 111, 571.
Dividends................. 3,518,650 3,517,057 3,125,546 3,906,594
The general consolidated m ortgage of 1872 is a mortgage on all Sinking fund.............
196,413
220,990
325,830
327,150
the property of the company at the date of the mortgage; the issue
Dan be increased o n ly to retire a like amount of prior bonds.
Total disbursm’ts.$10,830,764 $10,860,403 $10,522,511 $11,108,976
The sin k in g f u n d bonds of 1879 are secured by deposit in trust
of $15,000,000 of 1st mortgage bonds at $15,000 per mile on sub Balance............ sur.$l,171,968sr.$l,851,025def.$273,591sur.$400,949
sidiary lines, the most important being described in Supplement of
F R E M O N T E L K H O R N <fc M I S S O U R I V A L L E Y .
May, 1894. Of the sinking fund bonds of 1879 $6,129,000 are 6s;
the sinking fund is at least 1 per cent of outstanding bonds, which
Y r .e n d . M a y 3 1 .
1897.
1896.
1895.
1894.
are subject to call at 105; ana through its operation the amount
outstanding has been reduced from $15,000,000 to the present figure. Grossearnings..........$3,051,982 $2,950,439 $2,666,642 $3,334,756
Net
earnings............
793,839
893,670
692,834
1,093,852
The Iow a D ivision bonds of 1891 cover road from Wall Lake to
Total charges........... 1,020,941 1,022,469
1,025,029 1,028,308
Kingsley, Iowa, 71 miles. See V. 55, p. 217.
The sin k in g f u n d deben tures of 1933 have a sinking fund of $200,000
per year, if they can be redeemed at 105. These, as also the d e Balance.................def.$227,102def.$128,799def.$332,195 sur.$65,544
bentures of 1884 and 1891, will ^e secured by any future mortgage —V.65, p. 69, 111, 235, 257, 274, 279, 571.excepting any mortgage “ for the enlargement, improvement or exten
sion of the company’s property.” See description of all the debentures
C h i c a g o P a d u c a h 6c P lo n ip lt is R R . —In 1897 merged in the
on page 2, Supplement ot April, 1895. The 25-year debenture mort Chicago A Eastern Illinois.
gage cf 1884 is for $6,000,000, and bonds outstanding have been re
duced to present figures by sinking fund purchases under which $631,C h ic a g o P e o r i a & St. L o u i s R R . o f I l l i n o i s . — Owns from
000 were held alive .lune 30,1896.
Pekin, 111., to Springfield, 111., 77 miles; and Havana to Jacksonville,
The extension bonds o f 1886 are secured by deposit in trust of first 111., 41 miles, and Litchfield to East St. Louis, 48 miles; trackage, 67
mortgage bonds at a rate not exceeding $20,000 per mile. Included in miles; total 233 miles; total, included in earnings below, 233 miles.
the collateral June 1,1896, were $10,675,000 Fremont Elk Horn A Mo. Owns a one-quarter interest in the Peoria A Pekin Union.
Valley lets and $2,560,000 Wyoming Central lets [the Wy. Cent, hav
ing been consolidated with F. E. & M. V.], ete. To July, i897, Exten O rg an ization .—A reorganization in February, 1896, of the C. P. &
sion 4s for $18,632,000 had been listed on N. Y. Stock Exchange of St. L. Ky. sold in foreclosure, per plan V. 61, p. 365. (V. 62, p. 232,319.)
which, June 30, 1896, $1,143,000 were held alive in sinking funds. See St. Louis Chicago A St. Paul is controlled in same interests.
F. E. A M. V. bonds belowr. Union Trust Co. of N. Y.t trustee.
Tlie F rem ont E lk h orn <£ M issou ri T a lley consols have a first lien on Stocks and B onds —Common stock authorized $2,500,000; preferred
1,170 miles (Fremont, Neb., to Deadwood, D. T., 557 miles, and 5 p. c., non-cumulative, $2,500,000.
branches to Hastings, Albion, Ac., 613 miles), but besides the amount The new first mortgage is for $5,275,000 to the Mercantile Trust Co.
or issue gi ven as outstanding in the table $10,675,00Q are held as part of N. Y. as trustee. Of the $4,599,000 firsts given as outstanding in
collateral for Chicago A Northwestern extension bonds of 1886. The table above, $2,161,000 were out as collateral for lo -ns (of $800,000 at
Northwestern assumed $3,600,000 of the Fremont Elkhorn A Missouri 6 p. o.) and car trusts, leaving $2,438,000 drawing interest. (V. 63, p.
Valley bonds and guarantees the rest. See guaranty V. 56, p. 650.
791.) First mortgage bonds for $676,000 and $250,000 incomes are
The M ilw aukee L a k e Shore *£ Western debentures are convertible into reserved for additional railway at $15,000 per mile.
stock at par at any time within ten days after the date fixed for payment The income mortgage (Central Trust Co., N.Y , trustee,) is for $2,500,or dividends on com. stock. The extension and Improvement mortgage 000 of non-cumulative 4 per cents. The Railroad Company may at any
sinking fund commences in 1893, and wilJ receive not less than time after July 1, 1897, and prior to July 1, 1899, convert this issue of
$25,000 yearly ; these bonds are not subject to call.
bonds into 3 per cents, constituting a fixed charge. The income
In addition to the company’s bonds, as shown in the table above, mortgage was originally for $4,220,000, but by agreement July 29,
there were May 31,1896, $2,712,500 alive in the sinking fund.
1896, was limited to $2,500,000, and the balance of bonds canceled.
M A P
*»
O F
T H E
CHICAGO & NORTH WESTERN
R A IL W A Y
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Chicago & N orth-W ostcm Railway
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INVESTORS’ SUPPLEMENT.
38
[VOL. L X V .
S u b scrib e rs w i l l c o n fe r a g r e a t fa v o r b y g i v in g im m e d ia t e n o tic e o f a n y e rr o r d isc o v e re d in tliese T a b le s .
Bonds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Due.
Par Outstanding Rate per When Where Payable, and by Slocks —East
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
Cent. Payable
Whom.
on first page of tables.
Dividend.
Chicago & N orth W estern— ( C o n .)—
....
$150,000
7
A. & O. N. Y., Office, 52 Wall St, Oot. 1, 1908
Minnesota Valley Ry. let mortgage.................. ....
100,000
7
M. A S.
Sept. 1 1008
200.000
7
24 1878
M. & 8.
do
do
Rocli. &No. Minn. lRt.M.,gu.(aBBumedby.W&St.P.)
Sept. 1, 1908
1882
a
1,007,000
6
M.
&
8.
71
Sept. l r 1007
2,000,000
M. A N.
6
do
Dak.Cent. 1st M. on So’east Div. (to Hawarden) gu. 125 1882
do
Nov. 1, 1907
7,725,000
6
A. & O.
do
do
Frera. Elk. &M. V. oonsol M. $20,000 p. m. seetext. 1,170 1883 $1,000
Oct. 1, 1933
100
169,000
7
6 __
A. & O.
do
do
Sioux City & Fae. pref. stock (1st mort. on 6 m.).
Oct.l,’97,3ia%
6
j. & j.
do
do
1st M. Sioux City to Fremont (assumed.)....... 101 1868 500 Ac. 1,628,000
Jan. 1, 1898
6
J. & J. U.8. Treas., at maturity. Mar. ’98<fc’ 99
2d M.Gov’t lien (accr.lnt. Oct. 1,’97 $2,567,198.) 101 1868 500 Ac. 1,628,320
5,000,000
Milw. L. 8h. & W., Consol. M. (now 1st) gold...o* 416 1881 1,000
6 g. M. & N. N. Y. Office, 52 Wall St. May 1, 1921
1,281,000
do
85 1884 1,000
do
Michigan Div. 1st mort. (for $3,000,000), g. .e"
6 g. J. & J.
July 1, 1924
1,000,000
40 1885 1,000
do
Ashland Division 1st mortgage, gold............ c*
do
6 g. M. A S.
Men. 1, 1925
436,000
F.
&
A.
do
do
Conv. debentures, secured by mort of ’89, g. -CK 697 1887 1,000
Feb.
1, 1907
5 g.
4,148,000
do
do
Ext. &Imp. M. for $5,000,000, g., s.f. notdrn.c* 697 1889 1,000
Feb. 1, 1929
5 g. F. A A.
500,000
1881 1,000
6
M. A N.
do
do
Income bonds (not cumulative).....................r
May 1, 1911
400,000
do
40 1892 1,000
5
A. A O.
Marsh.Ex.lstM.for$600,000 ($15,000p.m.).c*
do
Oct. 1, 1922
1,120,000
56 1883 1,000
8t. P. E. Gr’d T. lst,M. g.,int.gu.by M. L. S.AW.c*
do
do
6 g. J. A J.
Jan. 1, 1913
4,599,000
Chicago Peoria d St. L . —1st M., $5,275,000, g. c*Ar.
177 1896 1,000
4 g. j. & j . N. Y., Merc Trust Co. July 1, 1925
2,250,000
2d mtge. non-cum. incomes, gold (see text).c*Ar. 177 1896 1,000
July 1, 1945
4 g. Jan. 1
100 46,156,000 2% tn ’97 Q.-F. New York and Chicago. Nov. 1,’97, 1%
__ __
Chicago R ock,Island d P a e . —Stock (for $50,000,000)
6
J. & J. N. Y.,13 William St. July 1, 1917
1st mort., Chic., 111., to Council BluffsAbranches.c* 736 1877 l,000Ac 12,100,000
7
M. A N.
do
do
Chic. & Southw. 1st M. (g’d in cur. by C.R.T.AP.). 268 1869 100 &0. 5,000,000
Nov. 1, 1899
J. A J.
do
5
do
1st M. ext. and col. ($20,000 p. m.) red. at 105. .e&r 2,153 1884 l.OOO&c 40,394,000
July 1, 1934
1891 l,000Ac 4.500,000
Debenture bonds (redeemable at 105)........ o*<fcr.
M. A S.
do
do
Sept. 1. 1921
.5
100 18,559,187 2 Feb.'97
....
Chicago St. P aul M in n ea polis d Omaha— Com. stock.
N. Y„ Office, 52 Wall 8t. Fb.20,’97,2%
__
100 11,259,912 7 in ’97. F. & A.
Preferred stock, non-cumulative (see text)........
do
do
Aug.20,’97 312
21 1878 500 Ac.
334,800
J. A J.
8t. Paul Stillwater & Taylors’ Falls 1st mort. ...o
7
do
do
Jan. 1, 1908
125,000
j. & j .
do
Hud. &River Falls 1st M.,Hudson to River Falls.e 12 1878 1,000
8
do
July 1, 1908
Ch.St. P.AMinn. 1st M.,g.,Elroy to L. St.C.ass’d.c* 177 1878 500 Ac. 3,000,000
6 g. M. A N.
do
do
May 1, 1918
St. P. A Bi’x C. 1st. M.g.($7,000,000)$10,000p.m.o 607 1879 1,000
6.070,000
do
6 g. A. A 0.
do
Apr. 1, 1919
In addition to the bonds outstanding as above, the s inking fund Ju ue 1, 1896, h eld, a, $ 58,000.
E a r n i n g s .— For
Year end.
years ending June 3 0 ,
Gross.
Net.
18 97,
and Dec. 3 1 , 1 8 9 6 :
Tax drrent. Interest. Balance.
June 3 0 , ’ 9 7 . $ 8 3 4 ,1 7 0 $ 2 2 9 ,5 7 0
$ 6 7 ,4 7 4
$ 1 4 8 ,3 9 5 s r .$ 1 3 , 7 0 1
Dec. 3 1 , ’ 9 6 . 8 9 7 ,9 4 0
2 7 2 ,7 5 6
7 2 ,7 0 3
1 4 5 ,5 5 0 sr. 5 4 ,5 0 3
In year 1 8 9 5 , gross. $ 9 2 8 ,3 2 9 , against $ 8 2 4 ,8 4 1 in 1 8 9 4 . Road con
trolled by Thomas Carmichael, N. Y.; office 2 7 Pine St.—(V. 63, p.
791; Y. 6 4 , p. 2 8 4 , 326.
C h ic a g o R o c k
is l a n d
Sc P a cific
R y .— (See
Map)—B o a d .—
Operates from Chicago, 111., via Omaha, Neb., to Denver and Colorado
Springs, Col., and via Kansas City, Mo., to Fort Worth, Texas, with
branches. The system, as will be seen on adjoining map, includes:
Lines owned—
Miles. Leased, efc.—(HWhich see.) Miles.
Chic.,111., to Council Bluffs,la. 499 Peoria & Bureau Valley__ IT 47
Davenp’t, la., to Atch’n,Kan. 342 Keokuk A Des Moines.......it 162
Elwood to Liberal, Kan....... 440 Des Moines & Fort Dodge.. it 143
Herington,Kan.,toTerral,I.T. 349 Trackage to Kansas City,
Horton, Kan., to Roswell,Col. 569 No. Topeka, Kan., Denver,
Branches............................. 682 Col., Pueblo, Col., etc....... 338
Total owned.
Tot. lines oper. Apr. 1,1897.3,571
.2.881
The Chicago Rock Island & Texas, from Terra! to Fort Worth, Tex.,
93 miles, was completed in July, 1893. It is owned by the Rock Island,
and its bonds are all deposited for the R. I. extension and collateral
mortgage, but the road is operated separately. V. 61, p. 793.
H i s t o r y .— The present Chicago Rock Island A Pacific was a con
solidation June 2, 1880, with $50,000,000 stock authorized, and a
stock dividend of 100 per cent to the holders of Rock Island stock,
Chicago Kansas & Nebraska is now owned in fee simple. Y. 53, p. 223,
D iv id e n d s
51888 ’89 ’90 ’91 ’92 ’93 ’94 ’95 ’96 97
since .87, h. ct. \ 6^ 4 4
3 4
4 3 ^ 2
2 Below
In 1897, Feb., i^p. c.; May, ^ p. c.; Aug., ^ p . c.; Nov., 1 p. c.—(see Y.
65, p. 571.) From 1881 to 1887,7 p.c. per annum.
B o n d s .— The extension and collateral trust 5 per cent bonds (trustee
of mortgage United States Trust Company) are issued at the rate of
$ 1 5 ,0 0 0 per mile for single track, $ 5 ,0 0 0 per mile additional for equip
ment and $ 7 ,5 0 0 for second track. They are secured by the
direct lien of a first mortgage or by deposit with the trustee of an equal
amount of first mort. 6 p. c. bonds of branch lines, and (since July 1,
1 8 9 4 ,) are red’le at 1 0 5 in the order of their numbers.begmning with the
lowest. On Apr. 1, 1 8 9 7 , there were $ 4 0 ,3 9 4 ,0 0 0 of these bonds out
standing and $ 3 1 8 ,0 0 0 had been canceled for the sinking fund; of
the total originally sold $ 3 2 ,2 9 8 ,0 0 0 were issued at $ 1 5 ,0 0 0 per mile
on 2 , 1 5 3 miles of track; $ 1 ,2 0 0 ,0 0 0 for Kansas City terminal property
and $ 7 ,2 1 4 ,0 0 0 for equipment. See mortgage abstract, V. 4 7 , p. 2 6 0 .
The debentures of 1891 (U. S. Trust Co., trustee) were issued to pay
for terminals and betterments as needed. The issue is for $10,000,000
and the bonds are redeemable on notice any coupon day at 105.
See description of debentures on page 3 S u p p l e m e n t of April, 1895.
G e n e r a l F i n a n c e s .— On April 1, 1897, $400,000 first mortgage
6s were in the treasury. Average freight train load in 1896-7,'158
tons; rate per ton mile, 0*96 cent; in 1895-96,144 tons; rate per ton
mile 1-03 cents.
Refunding.—The proposed refunding of the bonded debt, of which
$5,000,000 of 7s mature Nov. 1, 1899, and $44,894,000 of 5s are sub
ject to call at 105, is expected to save the company about $550,000
yearly. The matter was in the hands of the Executive Committee in
September, 1897, and was expected to be perfected within six months.
—Y. 65, p. 571.
E arnings .—J an. 1 to Sept. 30 (9 months), gross, $11,886,445 in 1897.
$11,310,971 in 1896.
w
’
A nnual R epo rt .—The fiscal year ends March 31. Annual meeting
Is held in Chicago on the first Wednesday in June. Report for 1896-97
at length was In V. 64, p. 1085, 1090—see also editorial, p. 1069.
Earnings, Ac., have been:
Year ending March 31—
1897.
1896.
1895.
Miles owned and operated...
3,571
3,571
3,571
Passenger earnings.............. $4,072,127
$4,445,953 $4,338,053
Freight................................ 11,229,175
11,206,686
Mail, express, rentals, etc__
1,845,351 11,159,100
1,754,600
1,876,077
Gross earnings.................$17,146,653 $ 1 7 ,3 5 9 , 6 5 3 $ 1 7 ,4 2 0 , 8 1 6
Net earnings....................... $5,533,825
$ 5 ,4 9 3 ,0 5 9
$ 4 ,7 3 8 ,5 5 5
P.c. of oper. exp. to earns....
(67-73)
(6 8 -3 6)
(72* 0)
From land department, etc..
12,243
3 8 ,4 3 9
1 5 ,6 4 4
Total income.................. $5,546,068
$5,531,498 $4,754,199
Rent leased roads.................
681,730
$665,615
$694,924
Interest on debt................... 3,321,525
3,322,525
3,318,525
Missouri River bridges........
99,217
119,650
157,608
Dividends............................(2) 923,116 (2) 923,116 (3) 1.384,674
Balance...............................
520,480 8ur.$500,592 def.$801,532
M. &St. L. bonds..................
..........
cr. 1,152,079
Surplus, bal. for year.. .......
$520,480
$500,592
$352,547
—(V. 64, p. 1069, 1085, 1090; V. 65, p. 194, 571.)
C h i c a g o St. P a u l Sc K a n . C ity ,—See C h i c a g o G r e a t W e s t e r n .
C h ic a g o St. P a u l M in n e a p o lis Sc O m a h a R y ,—(See M a p C hi
cage dkNorth W e s t e r n . ) — R o a d .—Mainline—Elroy, Wis., to Omaha, Neb.,
593 miles; other lines, 899 miles; total, 1,492 miles, of which 1,428
miles are owned and 64 miles leased.
H is to r y .—This was a consolidation July, 1880, of the Chicago St .
Paul & Minneapolis, the North Wisconsin and the St. Paul A Sioux City.
In November, 1882, a controlling interest in the stock was purchased
for the Chicago A Northwestern Railway by the acquisition of 93,200
shares of common and 53,800 shares of preferred. First dividend
(2 p. c.) on common stock was paid in February, 1897.
Stock.—Authorized common, $21,403,293; preferred, $12,646,833.
Held by the company Dec. 31, 1896, common stock and scrip, $2,844,106; preferred stock and scrip, $1,386,921. Preferred stock has a prior
right to non-cumulative dividend of 7 percent; but common is never
to receive more than is paid on preferred.
D iv id e n d s s in c e ’ 8 7 . ’88. ’ 8 9. ’ 90. ’9 1 . ’ 9 2 . ’ 9 3 . ’9 4 .
’95. ’96.
’97.
Common, P. ct.................................................. 1st div. in’97, 2 %
Preferred, P. ct__
6 3 4 4
7 per annum (S1^ FAA.)
B o n d s . —There a r e $ 7 5 ,0 0 0 Minneapolis Eastern 1st m . guar. 7 s
due Jan. 1,1909; $ 1 ,5 0 0 ,0 0 0 Superior Short Line Ry. bonds are owned.
L a n d s .— T h e l a n d s a le s in 1 8 9 6 w e r e 2 2 ,0 9 3 a c r e s , f o r $ 6 8 ,0 6 8 , i n
c l u d i n g l o t s ; l a n d s u n d i s p o s e d o f , 4 1 4 ,9 5 2 a c r e s .
L a t e s t E a r n i n g s . —From Jan. 1 to Aug. 31 (8 months), gross, $4,853,536 in 1897; $4,764,940 in 1896.
A n n u a l R e p o r t .— Report for 1 8 9 6 was in V . 6 4 , p . 5 1 4 .
Average
traiu load in 1 8 9 6 was 1 7 0 - 6 tons; in 1 8 9 5 was 1 5 6 - 6 tons.
Yearending Lee. 31—
1896.
1895.
1894.
Gross earnings....................... $8,156,192 $7,508,764 $7,297,619
Operating expenses and taxes. 5,137,034
4,836,652
4,946,184
Net earnings...................... $3,019,158 $2,672,112 $2,351,435113,946
113,048
109,137
Net rentals paid......................
Net int. on debt (less other inc.) 1,405,353
1,422,830
1,412,300
Div. on pref. stock....................(7)787,976
(7)787,976 (7) 787,976
..........
.....
Div. on com. stock..................(2)370,982
Surplus of RR. Co.................. $340,901
$348,258
$42,022
Net from land sales.................
$1,662
$36,389
$230,076
-(V . 61, p. 280; V. 62, p. 410; V, 63, p. 1114; Y. 64, p. 231, 233, 514.)
(Ib le a g o Sc S o u th e a ste rn R y .—Operates Anderson, Ind., to
Brazil. Ind , 109 miles, of which 12 miles, Waveland to Sand Creek, is
trackage. Receiver was appointed in Sept., 1897. Midlaud Ry. of Ind.
January, 1895, interest was not paid when due.—V. 61, p. 924.
C h ic a g o T e r m in a l T r a n s fe r R R . —Owns 749*47 acres, of which
80 acres are in the city, and 3,500 feet of docks fronting on the Chi
cago River between Harrison St. and Fifth Ave. It has in operation,
including the old Calumet property, 76 miles of main line, of which 26
is double track, and 80 miles of spur and side tracks, and also owns the
Grand Central Passenger Station at Harrison and Fifth streets. A
large part of the right of way is owned in fee.
H is to r y .—A reorganization in June, 1897, of Chicago & Northern
Pacific and Chicago & Calumet Term., p la n Y. 64, p. >88, 898.
S ecu rities .—The stock and bonds of rbe new company are shown in
the table above as they will be when issued on Dec. 3i, 1897. They
are now represented by United States Trust Co. certificates of pro
prietary interest, each $1,000 of which calls for $400 in new gold 4s,
$500 in non-cum. 4 p. c. preferred and $400 in common st« ck. Proprie
tary certificates for $26,431,000 listed on N. Y. Stock Exchange to
Oct., 1897. The new securities are held pending negotiations with
other terminal properties in Chicago, but will be issued Dec. 31,1897,.
unless otherwise ordered by holders of 70 per cent in amount of the
certificate holders.
Reserved.—New 4 p. c. bonds for $1,305,000 are reserved to retire the
$1,044,000 underlying bonds; $258,000 (and also $350,000 preferred),
for uses of new company, and $2,195,000 for future requirements.
L atest E arnings .—July 1 to Aug. 31, 1897, 2 months, gross. $174,772; net, $126,585.
E stimated E arnings .—The net earnings (after deducting
taxes) of the combined properties applicable to the interest
charges of the new company are estimated for the year
commencing July 1,1897, at over..... ......................... ... $620,000
Fixed charges (on $12,742,000 new 4sand $1,044,000 old 5s. 561,880
Bal. surplus on estimated earnings for year..................... $58,120
The total fixed charges of theold companies amounted to $1,794,950.
O f f icers .—Chairman Executive Com., Edward D. Adams; Presi
dent and Gen. Manager, S. R. Ainslie; Vice Prest., F. T. Gates; Secre
tary, George P. Butler. V. 64, p. 1137, 1224; V. 65, p. 26.
C h ic a g o Sc T e x a s R R . —Owns from Cape Girardeau, Mo., via
Carbondale, HI., to Johnson City, etc., 80 miles, and branch to Har
rison. 111., 2 miles; 56 and 60-lb. steel. In September, 1897, ’ eased to
Illinois Central, which company is understood to have purchased the
C. &T. stock. V. 65, p. 666. Common stock authorized, $1,500,000; noncumulative 5 per cent preferred, $1,000,000; par, $100; all outstanding.
First 5s for $1,500,000 are reserved for extensions. Year ending June
30,1896, gross, $184,689; net. $50,302; interest, taxes, etc., $66,737;
deficit, $16,435. In 1894-95, gross, $149,375. (V. 65, p. 666.)
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P acific R a il w a y System
AND ITS CONNECTIONS.
i.
40
INVESTOR
SUPPLEMENT,
[VOL,. LXV,
Subiscrlber* w i l l c o n fe r a ffreat fa v o r by g i v in g im m e d ia t e n o tic e o f a n y e rr o r d is c o v e r e d in th e se T a b le s .
B on d s —Prinoi
INTEREST OR DIVIDENDS.
___________ RAILROADS
. ________ _ 1Miles Date Size, or
When Dua
Amount Rate per When Where Payable, and by pal,
Par Outstanding
of
Stocks —Last
For explanation of column headings, &c., see notes of
Road. Bonds Value.
Cent. Payable
s whom.
Dividend.
on first page of tables.
Okie. St. P a u l M in n ea p . 6 Omaha— ( G oncVd)—
1880 $1,000
1890 1,000
1880 1,000
1887 1,000
1891
$800,000
6 j . & j . N. Y. Ofiioe,52 Wall St. Jan. 1, 1930
400,000
M. & N.
5
do
do
Nov. 1, 1915
14,006,327
6 J. & D.
do
do
June 1, 1930
375,000
5 g. J. & J.
In default.
Jan. 1, 1917
(?)
5 g.
Oet. 1. 1921
13,000,000
16,650.000
1886 1,000
394,000
Chicago.
5 g. J. A D.
June 1, i936
650,000
5
do
May 1, 1938
1897 1,000 12,742,000
4 S- J. k J. N. Y., U. S. Trust Co. July 1, 1947
1893 1,000
1,225,000
Apr. 1, 1933
5 S- A. & O.
5,000,000
6
Opt 1 *97 1L>%
Q. J.
1879 1,000 1,062,000
6 g. M. & N. N. Y., J.P.Morgan & Co. Nov. 1, 1919
82-92 1,000 9,652,666
Q.-M.
do
do
Deo. 1, 1932
6 S100 7,511,800
See text.
Feb. 15,1893
1875 500 &c.
19,000
7
J. & D. N. Y., Un. Tr. & Boston. June 1, 1905
1881 1,000 5,75s,000
5
J. & D.
See text.
Deo. 1, 1921
1891 1,000
1,667,000
5
M. & N.
See text.
May 1, 1931
1892 1,000
293,000
6 J. & D.
Boston.
June 1, 1902
1894-6
450,075
5
1904-5
1894 i,ooo
1,000,000
6 g. A. <fc 0. Phil., Ol. 420Walnut St. Oct. 1, 1919
1894 1,000 3,000,000
do
do
5 S- j. & j .
Oct. 1, 1919
100 8,000,000
100 1,000,000 4 in 1897 Q.-J.
do
Oet. 5, ’97,1%
100
....
742,100 4 in 1897 Q.-M.
do
Sept., '97, 1%
....
6,257,900 5 in 1897 Q.-F.
do
Nov.8’97,1 J4%
1875 1,000
996,000
7
A. & 0. N.Y.,KeB8ler*Co54Wal! Oct. 1, 1905
1875 1,000
1,340,000
6 A. & O.
do
do
Oct. 1, 1905
1875 1,000
394,000
5
A. & O.
do
do
Oet. 1, 1905
1887 1 000 2,000,000
do
do
41sg. J. & J.
Jan. 1, 1937
1892 1,000 3,000,000
5 S’ J. & D. N.Y., Blair &Co..33Wall June 1, 1942
1891 1,000 3,500,000
5 g. M. & N.lN.Y.,Kessler&Co54Wall May 1, 1941
Chicago &, W estern Indiana H R .—Owns a valuable terminal
A n n u a l R e p o r t .— Y e a r e n d s O c t . 3 1 . R e p o r t f o r 1 8 9 5 - 6 w a s g i v e n
system of roads affording entrance into Chicago to the roads named i n Y . 6 4 , p . 1 3 2 , s h o w i n g e a r n i n g s a s f o l l o w s :
below. Its lines extend from Dearborn Station, Polk Street, Chicago, Y ea rs en d .
Gross
N et
P ro fit
Taxes
B a la n ce .
to Dolton, 17 miles, also to Indiana State Line, 10 miles, to
Oct. 3 1 — o f ra ilroa d ,
ea rn in gs,
on m in in g , a n d rents, f o r in terest.
Cragin, 16 miles, and to South Chicago, 5 miles ; total, 48 miles; total 1895-6.......
$543,041
$202,221
$26,386
$11,200
$217,407
track, including 2d, 3d, 4th tracks and sidings, 214 miles; also owns
126,459
64,085
.......
..........
860 acres of real estate, passenger and freight yards, warehouses, 1894-5....... 332,318
Interest charge on bonds now outstanding, $209,750.
elevators, etc. The Belt Ry. of Chicago leases and operates 72 miles of
Coal
output
in
1895-6
was
364,110
tons
against
358,655
tons
in
the 214 miles owned by the Cli. & W. I„ its securities being all held by
1894-5, but the price received in 1895-6 was much lower than in t h e
the companies leasing the Chicago & W. I.; see V. 60, p. 1056.
previous
year.
In
the
calendar
year
1894
the
output
was
360,520
tons;
L e a s e s .—This company’s road and terminals are leased under per
1893 was 350,567 tons. President, Francis I. Gowen, Philadel
petual contracts to the Wabash, the Chic. &Grand Trunk, the Chicago & in
phia.—(V. 64, p. 1 32, 133, 842.)
Eastern Illinois, the Chicago & Erie and the Louisville New Albany &
Chicago, each of which five companies owns $1,000,000 stock. They
C in c in n a ti H a m i l t o n & D a y to n R y.—(See Map.)—Operates a
are also leased to the Atchison, the Elgin Joliet & Eastern and the Belt direct line between Cincinnati and Toledo, Ohio, with branches to
Railway. The annual rentals must always exceed by at least 20 per Indianapolis, Ind., and Ironton, on the Norfolk & Western, etc.
cent the interest on the bonds at any time outstanding.
R oa d ow ned— (11 See this C o.)M iles.
R oa d s controlled —
M ile s .
C a p i t a l S t o c k , $ 5 ,0 0 0 ,0 0 0 , all owned as above stated. Dividends Cincinnati to Dayton, 0 .......... 60 Cincinnati Hamilton & Ind...1T 99
1892 to 1894, 6 p. c. yearly; in 1895, 7^ p. c.; in 1896, 6p. c.; in 1897, Cincinnati Dayton & Ironton.. 164 Cincinnati & Dayton.............. 13
Mar., l 1^ p. c.; July, 1*2p. o.; Oct., l 1^ p. c.
Cin. Dayton & Chicago, etc__ 143
Total of all........................ 641
Bonds.—Sinkingfundpayments (amountingin year 1896 to $161,000) Trackage............................... 20
R oa d s leased —
Owns jointly with Big Four Dayannually retire a portion of the first mortgage bonds at 105 and inter
ton
& Union.
Dayton
&
Michigan.............
fil42
est, and after they are all drawn the general mortgage bonds become
subject to same sinking fund and will be drawn at same price in such
H i s t o r y , E t c .— Chartered in 1846.
Main line opened in 1851,
annual amounts as will retire the debt at or before maturity. In Sept., Leased lines added at various times since. In July, 1895, the Cin.
1894, $14,152,000 general 6s had been issued, of which $2,500,000 Dayton & Ironton and Cin. D. & Chicago were formally consolidated
were reserved to retire firsts and $1,999,333 had been paid back to with the C. H. & D. R a ilro a d under the name of Cin. Ham. & Dayton
company and canceled. In 1897 $172,000 lsts were redeemed, leaving R a ilw a y. V. 60, p. 1104; V. 61, p. 68. Indiana Decatur & Western
$1,062,000 outstanding.
stock control was acquired in the interest of the C. H. &D. in December,
A n n u a l R e p o r t — Fiscal year ends Dec. 31. Report for 1896 w a s in 1895, and that property will be operated in connection with the C. H.
V. 64, p. 1085, showing gross income, $1,012,794; interest, etc., $667,- & D. system. V. 61, p. 1064.
The Cincinnati Hamilton & Dayton Traction Co. was organized in
118; dividends, $300,000; bal., surplus, $45,676. In 1895 g r o s s
November, 1896, to build and operate rapid transit electric lines in
income, $995,834. In 1894 gross, $994,979. (V. 65, p. 620;)
connection
with the C. H. & D. steam road—sea V. 64, p. 82.
Chicago <fc West micliiga.ii R y .—Owns from Lacrosse, Ind., to
S t o c k .—Capital stock of C. H. & D. R a ilw a y is common $8,000,000 ;
Traverse City, 301 miles; Allegan to Pentwater, 98 miles; Big Rapids
Junction to Big Rapids, 52 miles; other branches, 37 miles; proprietary preferred 5 p. o. non-cumulative, $8,000,000. Old ra ilro a d c o m m o n
line, Chicago & North Michigan (opened in July,1892), Traverse City to received l^ioo shares of the new preferred and 2 shares of new com
Elk Rapids and Bay View, 93 m.; total of all, 581 miles; sidings, 16i m. mon for each old share. The new preferred is entitled to 5 p. c., then
common to 5 p. c.; then both share equally.
O r g a n i z a t i o n , &c.—Organized Jan. 1, 1879. Total tons carried in
D i v i d e n d s since consolidation— •
1895.
1896 to Nov., 1897.
1896 were 1,174,727, of which lumber furnished 42 p. c., coal 8^ p. c.
New preferred, issued in 1895............
m %
5% yearly (Q-F.)
and grain 4 p. c.
4 per cent yearly (quarterly).
Coupons, Etc.—June, 1894, coupons on gen. mort. were purchased at Old preferred, guar. 4 p. c..................
The $5,630,400 old R R . common stock, which was exchanged for
Union Tr. Co., N. Y.#and Old Colony Trust Co., Boston. V.58, p. 941.
Coupons of Chicago & West Michigan general mort., due Dec. 1,1894, new preferred in consolidation of 1895, paid 5 p. c. yearly from 1890
to June, 1897, inclusive, and of Chicago & North Michigan first mort. to July, 1895, but nothing in 1888-89; previously 6p. c. of more.
due Nov. 1,1894, to Nov. 1,1897, inclusive, were paid ^ in cash and ^
B o n d s .— The general mortgage is for $7,800,000, of which $4,800,000
in 10-year 5 p. c. scrip, said scrip to be redeemable at option of com reserved to retire the prior liens at maturity; the prior bonds must not
pany. V. 65, p. 778. Jan. 1, 1897, unpaid coupons, $175,041.
be extended; trustee, Mercantile Trust Company of N. Y. The mortgage
D i v i d e n d s — In 1887, 2 h p. c.; in 1888, 2; in 1889, 2; in 1890, 3; in covers the perpetual lease of the Dayton & Michigan, the profits un
der which are large. V. 54, 799; Y. 55, p. 373.
1891, 3*$; in 1892, 3*$; in 1893, Feb., l^a p. c.; none since.
G u aran ties .—The C. H. & D. guarantees certain securities of the
L a t e s t E a r n i n g s .— From Jan. 1 to Aug. 31 (8months):
Cincinnati Hamilton & Ind. and Dayton <feMichigan—which see.
8m onths.
Gross.
Net.
I n t ., ren t., die.
B a la n ce.
In May, 1895, C. H. & D. interests in Alabama Great Southern were
1897 ..................$1,040,072 $190,236 $275,737
def. $85,501
to Southern Ry. Control of Cin. N. O. & T. P. stock is held by
1896.................. 1,052,880 187,320
270,335
def. 83,015 sold
C. H. & D. and Southern Railway jointly. V. 62, p. 1139; Y. 63, p. 228.
A n n u a l R e p o r t .— Report for year ending December 31, 1896>
was in V. 64, p. 948, showing: gross, $1,642,617; net, $321,- A nnual R epo rt .—Fiscal year ends June 30.
N et.
I n t ., etc. D ivid en d s. * B a l.,su r.
141 ; other income. $1,496; charges, $408,364; balance, Y r .t o J u n e 3 0 . Gross.
deficit, for year, $85,727. Repeat in V. 62, p. 820, for 1895 showed 1895-96 ....... $5,147,562 $1,607,717 $846,907 $482,800 $278,010
449,900 330,886
gross, $1,724,047 ; net, $319,950.—(V. 64, p. 842, 948 ; V. 65, p. 778.) 1894-95 ....... 5,039,136 1,627,986 847,200
1,724,404 849,153
445,623 429,628
C h o cta w O k la h o m a A; G u l f H R .—Wisier, Indian Territory? 1893-94....... 5,094,812
via South McAlester and Oklahoma City, to Fort Reno, 216 miles;
N o te .—Includes $180,788 D. & M. dividends paid in each year.
ooal mine branches, 4 miles; total, 220 miles. The extension, South —-(V.
62, p. 182, 232, 1038,1139; V. 63, p. 153, 228, 504; V. 64, p. 82.>
McAlester to Oklahoma City, 120 miles, completed in September, 1895.
C in c in n a ti H am ilton <fc I n d ia n a p o lis R y.-f^ee M a p O. H .
Extension of 12 miles to K. C. Pittsburg & Gulf is proposed.
<
£
D .)— Owns Hamilton, Ohio, west to Indianapolis, Ind., 99 miles.
H i s t o r y .— A reorganization of the Choctaw Coal & Railway Co., sold
S t o c k . —Common stock ($2,500,000) is all owned b y the Cincinnati
in foreclosure Sept. 9,1894. Holds valuable coal leases.
Hamilton & Dayton, which operates the road, Y. 57, p. 144. Pre
R e a d j u s t m e n t .— In June, 1896, w a s issued $4,000,000 of 5 per cent
preferred stock (par, $50) to retire $1,200,000 (out of $4,141,000) ferred non-cumulative 7 per cent stock, $281,679.
B onds .—The first mortgage bonds are guaranteed by the C. H. & D.
eneral mortgage bonds and all the $1,100,000incomes; and to raise
650.000 in cash with which to pay $308,000 car trusts, and to build (authorized $2,500,000), but $700,000, under au agreement of 1880,
an extension of 10 miles to the Kansas City Pittsburg & Gulf, for bet will not be issued. The general mortgage, of which Continental Trust
terments, etc. The obligatory charges were thus reduced from $325,- Co. of New York and the Union Trust Co. of Cincinnati are trustees, is
for $3,800,OuO, of which sufficient reserved to retire first mort. bonds
000 to $210,000 yearly. See V. 62, p. 588, 778, 821, 868.
at maturity; $1,333,000 generals have been issued, but are held in.
S t o c k .— Common stock, $3,750,000; par, $50; all held by voting trust
till July 1, 1899 ; preferred stock, 5 per cent (cumulative after Nov. 1. the treasury.
E a r n i n g s .— In year ending June 30, 1896, gross, $698,350; net,
1897), $4,000,000; par, 50—see V. 62, p. 588, 821; V. 64, p. 134
B onds .—The prior lien 6 s . are redeemable at 105 after five vears. $115,404; other income, $725; interest, taxes, etc., $165,884; balance,
See adv. C h r o n i c l e , Sept. 22, 1894. General 5s for $1,000,000 are deficit, for year, $49,755. In 1894-95, gross, $658,037; net, $83,007.
reserved to retire prior lien bonds and in July, 1896, $1,500,000 (in "C i n c in n a t i J a c k s o n & m a c k in a w R y .—In 1894 Messrs. C. S.
cluding $1,200,000 surrendered under plan of March, 1896) were held Brice and others acquired control of stock. F. B. Drake was appointed
for future additions, etc.
receiver. Road sola on Jan. 5, 1897, for $1,000,000 to the Reorgan
ization Committee, and divided between the Cincinnati Northern RR.
E a r n i n g s .— Including mining operations—
and the Detroit Toledo & Mil. RR., which see. Holders of the $4,234,10 months,
) 1896-97.............Gross, $949,963; net, $273,227 000
old 4 p. c. bonds deposited under the plan of Dec. 10, 1895, as
Nov. 1 to Aug. 31. $ 1895-96............... Gross, 839,972; net, 155,042 modified
(Y. 61, p. 1106 ; V. 64, p. 41,) were entitled Sept. 30, 1897, to
Charges for the 10 months 1896-97 were $190,000.
the securities mentioned in C h r o n i c l e of Oct. 2,1897, p. 620.
80
No.Wi8.l 8t M. Lake St.C. ton’rSpooner ass’med.C'
37
Sault Ste. Marie <feSouthwest’n 1st M., assumed.c
Ch.St. P.M.<5:O.con.M.,$30,000,000($15,000p.m)c> L,412
94
Chicago & Southeastern —Mid.of Ind. 1st M., gold..c
94
Consol, mortgage, $20,000per mile, gold..........
Chic. T erm inal T ra n sfer R R . —Com., =+13,000,000.
Pref., non-cumulative, 4 per cent, $17,000,000..
10
Chicago & Great Western 1st M. gold............ c*
Citv of Chicago purchase money mortgage.......
Chic. Term. Transf. 1st M.,g.,$16,500.000 Us. c*4t
Chicago <
£•Texas —1st mort.,$2,500,000, gold...c<fer 60
Chicago <£ W estern In d ia n a —Stock (see text).......
1st mort., gold, sink, fund, subject call at 105.c* 48
48
General mort., gold, sinking fund, see text......c*
Vhicago <£ West M ich igan —Stock (in trust $63,600).
10
Grand RapidsNewaygo & Lake Sh. 1st M.2d Div.
Chic. &West Mich, general mort. ($12,000p.m.).c* 488
93
Cli.& No.Mich.lstM.,gu.,p.&i.end.$18,000p. m.c*
Mich. Equip. Co. 1st M„ gu.p.&i., s.f. red. at lOO.r.
Coujion scrip Dec. 31,1896...............................
220
Choctaw Oklahom a <£ G u lf R R — Priorlien,g.,text.c*
General mortgage, $5,500,000, gold................c* 220
CincU inati H a m ilton
D a yton —Common stock—
Pref. stock, A & B, 4 p.c. cum., guar, (call at par)
do
“ Eagle” 4 p.c. cum., guar, (call at par)
New preferred 5 per cent non-cum., $8,000,000.. ___
60
Consolidated mort. (now l*t) $ & &, sink, fund.o*
60
do
do .........................c*
do
do ........................ o* 60
Second mortgage, gold.................................... o* 69
60
General mortgage, $7,800,000, gold................c*
Cin. Day. & Iron.. 1st M„ gold, guar, (assumed.c* 164
f
■at
I
inn Arbor^T
KaIjuvu
MAP OF THE
Iloroefc
Ja c k so i
CINCINNATI, HAMILTON
JACK.
AND
A d r ia n ,
C H IC A G O
DAYTON RAILWAY
IS O
jngwtt«
C O N N I.CTJn\M.
TO LED 1
V* /TGftfW B
SDu'.ojt
IJalvii
Wyoming
RAILROAD STOCKS AMD .BONDS.
'OTTAWA-1
COIUMBS
On-vil!
Gilman
tSMtui
iansfield
&rta&
Miwkl
XSBbtWtk,
Paxton
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Havana'
/
[SIDNEY
|lvlrJcw<K>«t
Lincoln>
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tIlford
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O c t o b e r , 1897.j
SvH rl^ < _ r
— ~— , (
I R C ,fO ON
iFaMWd'
t«k*i»y VI
v Dnqnoirj
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._
4 ‘i
INVESTORS’
SUPPLEMENT.
[Vol. L X \
S u b scrib e r* w i l l c o n fe r a g r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
Princi
INTEREST OR DIVIDENDS.
Amount Rate per When Where Payable, and by pal,When Due.
Par Outstanding
of
Stocks— Last
Bonds Value.
Cent. Payable
Whom.
Dividend.
1873 $1, >90 $1,800,000
7
J. & J. N.Y.,Kessler&Co54Wall Jan. 1, 1903
1893 1,000 See text.
5 g. J. & D.
June, 1943
902.000
1886 1,000
200.000
j . & j . Cinn., Cen. Tr.&S.D.Co. Jan., i» ie
5
1894 100, Ac.
168,640 2 to 5 ■T. & J.
do
do
July, 1914
1870 1,000 1,500,000
7
J. <fe J. July,’ 88,pd. Nov. 10,’96 Jan. 1, 1901
100 3,000,000
Oct. 19,1891
1896
60.000
1897
New York.
a)
1947
5 g100 1,566,000
100
594,000 4 in ’97 J. & J.
Cincinnati, Ohio.
July 1,’97, 2%.
1895 1,000
300,000
5 g. J. & D. Investm’t Tr.Co.,Phila. June 1, 1925
1871 1,000
1,800,000
7 g. J. & 1). N. Y., Winslow, L. & Co. June 1, 1921
1890 1,000
1,710,000
5 g. J. & J. New York and London. Jan. 1, 1920
1893 1,000
650,000
5 g. J. & J. N. Y., Guaranty Tr. Co. Jan. 1, 1943
100 4,000,000
Oct. 3, 1892
500, &c. 1,800,000
1887
General mort. (now 1st,) for $1,800,000 gold— o 177
5 g- M. & S. Hamilton Tr., Bk’lyn. Meb. 1, 1927
730.000
Eauip. Trust &2d mortgage, gold, (See text) — o- 177 1890 1,000
6
g. F. & A. do & 80B’wav,N. Y. Aug. 1, 1930
1st consol, mort., $4,000,000, gold. See text— .... 1893 1,000 As collateral
Dec. 1, 1943
» g- J. <fc D.
902.000
6^ 1891
5 stb J. & D. Boston, Co.’s Office. Jan. 1, 1941
Cleveland Belt dk Cerminal— 1st M. $1,000,000.....
124.000
Oleve. Canton dk South'n— Receivers’ certificates..
2,000,000
5
Cleveland & Canton 1st mortgage, assumed— c 161 1887 i, 6oo
J. & J. July, 1895, not paid. July 1, 1917
1,121,000
Equip. Tr. *feImprove. 2d M. ($2,000,000) gold c* 161 1891 1,000
5 g. A. & O. Apr.,’93,eoup.last paid. July 1, 1917
30 1887 1,000
600,000
J. & J. July. ’93, coup, last pd. July, 1917
Coshocton «fc Southern 1st mort., gold, assumed..
5
1889
26,000
A. & O.
Apr. 1, 1894
A. «fe O.
5
Cleveland Chagrin Falls & Mo., 1st mortgage— .... 1889 1,000 z 200,000
Apr. 1, 1929
1890 1,000
150,000
6 M. & N.
May 1, 1896
200.000
6 1888 1,000
Waynesburgb & Canton 1st M., gold, assumed...c
5 g. J. & D. June,’93, coup, last pd. June 1, 1928
J. & J.
General 1st mortgage on Zanesville real estate.. .... 1890 1,000 z 200,000
5
Jan. 1, 1941
1892 1,000
76,000
CL Can. <feSo., consol. M., $26,000 p. m., gold-.c*
M. & N.
May 1, 1942
559,183
Equipment trusts June 30,1895........................ ....
3 * M. dc N.
105,700
Massillon RR. (leased) 1st mortgage.................. .... 1882
110.000
M. & S.
5
Boston.
Mch. 1, i912
Anneal R e p o r t .— Report f o r 1895 in V. 62, p. 1137.
interest, $1,646; dividends, $11,380; balance, surplus, $24,055. In
12 m onths —
Gross.
Not.
R en t.A la xes.
B a l .,s u r p . 1894-95 gross, $256,693; net,$45,600.—(V. 63, p. 791; V . 64, p. 1180.
1896...................$707,087
$101,483
..........
..........
C in c in n a ti R i c h m o n d Sc F o r t W a y n e R R . —Owns from Rich
1895................... 637,392
90,100
48,711
41,389
112,209
45,571
66,638 mond, Ind., to Adams, Ind., 86 miles; leases 5 miles of P. F. W. & G
1894.................. 637,008
Now
operated (January, 1897), by Grand Rapids & Indiana Ry. for
-(V . 63, p. 838,1062; V. 64, p. 41, 82, 706, 842; V. 65, p. 70, 620.
net earnings as rental. Interest Is guaranteed by the Pennsylvania Co.
C in c in n a ti L e b a n o n Sc N o r th e r n R y .—Cincinnati, O., to and Pittsburg Cin. Chicago & St. L. Co. jointly (the P. C. C. & St. D.
Dodds, O., 36 miles; branches, 2 miles; total, 38 miles. Purchased in taking the place of the Cin. Hamilton & Dayton in 1888). Stock, $1,May, 1896, by the Pennsylvania Company. The “ special mortgave” 709,313—par, $50, of which Penn. Co. Deo. 31, 1896, owned $1,256,.
bears interest until July 1,1899, at 2 p. o., and thereafter at 5 p. c. 900. Due guarantors Dee. 31,1896, $1,276,650.
—(V. 62, p. 502, 548. 988.)
E a r n i n g s .— Jan. 1 to Oct. , gave $304,452 in ’97; $311,218 in ’96.
C in c in n a ti Sc M u s k in g u m V a lle y R y .—
(See m a p o f P ittsbu rg Y ea
r end. D ec . 31. Gross.
Net
In terest,A c.
B a la n ce.
C in cin n a ti Chicago A St. L o u is .) — Owns Morrow. Ohio, to Trinway, O,, 1896................. $394,411
$94,883
$126,300
del'.$31,417
148 miles. Reorganized as now January, 1870. Leased in 1873 to Pitts. 1895................. 447,705
103,449
126,560
def. 23,111
Oin. & St. L. t..r 99 years—see V. 62, p. 906, Amount due Pitts. Cin.
C learfield Sc M a h o n i n g R y . — fS ee M a p B u i. B o th . AP u ts. )—
Owns
Chicago & St. Louis Dec. 31, 1896, $1,081,013, and on unpaid cou
road,
completed
in
1893,
from
Du
Bois
June,
Penn.,
on
Buff.
R. <fe P..
pons. including Jan,, 1897, $393,935. Profit and loss deficit Jan. 1,
1897, $1,904,292. Capital stock, $3,997,320—par, $50—of which Penn. to Clearfield on Beech Creek RR., 26 miles. Leased during corporate,
existence and renewals thereof to Buffalo Rochester & Pittsburg—
Co. Dec. 31, 1895, owned $2,430,900.
which see—at a rental payable in gold and equal to 6 per cent on
B o n d s .— Pennsylvania Railroad owns $754,000 of the bonds. V. 55, $650,000 stock, par $50, and 5 per cent on bonds, the latter being guar,
p. 1078. First mort. coupon due July 1, 1887, was paid on April l, p. A 1., by Indorsement on each. On June 30. 1896, $100,045 was due
1895, at Winslow, Lanier & Co., New York; January 1, 1888, coupon Buff. R. & P. for advancements for Improvements -see V. 61, p. 710.
paid April 1, 1896; July, ’ 88, coupon paid Nov. 10, 1896.
C le v e la n d A k r o n Sc C o lu m b n s R a i l w a y .—Owns from Hud
E a r n i n g s .— Fiscal year ends Dec. 31. Report 1896 in V. 64, p. 997.
son, O., to Columbus, O., 144 miles; Dresden braneh, Kilbucb to Trin
Y r .e n d . D ec . 31. Gross.
le t.
In terest, Ac.
B alance.
way,
3 3 miles; coal spurs, 14 miles; total owned, 191 miles; trackage
def.$39,984 Hudson
1896...............$410,635
$68,254
$108,238
to Cleveland. 26 miles, and Trinway to Zanesville, 16 miles;
1895............... 478,852
34,851
110,729
def. 75,878 total operated,
2 3 3 miles.
—(V. 62, p. 548, 906; V. 63, p. 879; V. 64, p. 997.)
H i s t o r y .— Reorganized undertbis title in January, 1886. In Septem
C in c in n a ti N e w O r le a n s Sc T e x a s t’ aeille R y .—R o a d .— Ope ber, 1895, Calvin 3. Brice purchased control and was elected president.
rates Cincinnati Southern Ry., Cincinnati to Chattanooga, Tenn., 336 m.
D i v i d e n d s '.— In 1886 and 1887, each Ha per cent; for 1888, 1 p. 0
H i s t o r y , E t c . —Organized in 1881 under laws of Ohio to lease the
Cincinnati Southern Railroad, owned by the City of Cincinnati. In for 1890 1 p. c.; in 18911 p. 0. in Nov.; in 1892, 1>4 ; none since.
B o n d s .— The eq u ip m en t bonds are redeemable at 100 and Interest on
October, 1895, a majority of the capital stock (including $500,100
purchased by 8o. Ry. Co. and $1,000,000 belonging to Ala. Great August 1,1900, and at 105 and Interest on any August 1 thereafter
Southern Ry. Co.), was held under agreement for joint benefit of the prior to 193o. Bonds In excess of $730,000 bave been canceled and
Southern Ry. Co. and the Cincin. Hamilton & Dayton, see V. 61, p. 26. cannot now be issued. To June 30, 1896, none of the first consol. 5s
Rental due City of Cincinnati $1,012,000 till Oct. 12. 1896; bad been sold but $-100,000 were outstanding as collateral. Equip
$1,102,000 till Oct. 12, 1901. and $1,262,000 till 1906. Betterments ment trusts outstanding December 1,1896,$324,438, payable monthly;
have averaged (to June 30,1897), $145,981 per annum since beginning bills payable June 30,1896, $233,241.
of lease anu revert to city of Cincinnati.—See V . 62, p. 232.
R e a d j u s t m e n t .— The report for 1895-96 says: “ The general results
R e c e i v e r s h i p .— S. M. Felton was on March 19, 1893, appointed r e of the year’s business are discouraging, and demonstrate the necessity
fora
radical readjustment of the finances of your company and f o r in
ceiver. On a judgment for about $400,000 obtained against the com
pany in May, 1897. it is expected that an early sale of the road creased facilities for procuring and handling traffic.”
will be brought about—V. 65, p. 565. Car trusts June 30,1897, 6 p. c.
A n n u a l R e p o r t .— Fiscal year ends June 3 0 . Report for 1 8 9 5 9 6
due Sept., 1903, $247,312; bills payable, $72,674.
was in V . 6 3 , p. 1 1 1 2 , showing gross, $ 8 7 4 ,9 2 0 ; net, $ 2 4 3 ,9 5 8 ; interest
L a t e s t E a r n i n g s . — 3 m o s ., 5 1 8 9 7 ........ g r o s s , $ 9 4 4 ,4 5 8 ; n e t , $ 3 0 a ,2 2 9
and rental, $ 1 8 1 , 3 9 3 ; balance, $ 6 2 ,5 6 5 ; oharges against this balance
July 1 to Sept. 30.
{1896..... gross, 823,795; net, 185,522 amounted to $ 1 2 3 , 7 6 0 (see report), leaving a deficit of $ 6 1 , 1 9 5 .
A n n u a l R e p o r t .— Report for 1896-7 was in V. 65, p. 565. Average Equipment payments (additional to charges above) amounted to $ 9 5 ,7 7 9 during tne year. In 1 8 9 4 - 9 5 gross, $ 3 5 7 , 9 3 0 ; net, $ 2 8 3 ,3 0 0 . In
freight train load 331 tons in 1896-7, against 277 tons in 1895-6.
1 8 9 3 - 9 4 , gross, $ 8 9 6 ,0 9 0 ; net, $ 2 1 9 ,9 0 6 .— (V . 6 3 , p. 1 1 1 2 .)
Y ea r en d . J u n e 30.
1897.
1896.
1895.
1894.
Gross earnings.......$3,440,506 $3,685,865 $3,487,942 $3,576,979
C le v e la n d H e lt Sc T e r m in a l R R . —Owns 6L3 miles terminal
Net earnings.......... $1,097,325 $1,03 9,992
$976,767 $912,013 road, or 13 miles including side tracks, at Cleveland, Ohio. Stock,
Rental paid............ $1,076,839 $1,061,110 $1,044,878 $1,084,306 common, $3,001,000; preferred, $178,000; par $100. Mortgage
Miscellaneous.........
14,803
2,056
2,489
......
trustee, International Trust Co.. Boston. Interest on the firsts
is payable in preferred stock. Loans and bills payable June 30,
Balance........... sur.$5,683 def.*23,174 df. $70.600def.$172,293 1896, $21,700. For year ending June 30, 1896, gross, $28,659 ; net,
—(V. 63, p. u b , 153, 228,361 , 649, 684; V. 65, p. 565.)
$9,005; int, and taxes, $2,872; balance, surplus, $6,133. In 1894-95.
.
’
C in c in n a t i N o rth e r n I t R . ■•Owns from Franklin, O., via Addi gross, $27,912; net, $12,409.
son June., to Jackson, Midi., 205 miles; trackage (C. C. C. & St. L.)
C le v e la n d C a n to n Sc S o u th e r n R R . —Owns Cleveland to Zanes
Franklin to Cincinnati, 42 m Owns terminal property in Cincinnati. ville, O., 145 miles; Canton to SherrodsviUe, 43 miles; other branches,
Organized in June, 1897, and took over tile Ohio Division of Cincin 16 m.; leases Massillon RR., 6m.; total, 210 miles. (V. 54, p. 844).
nati Jackson & Mackinaw and then built 19 miles of road from Addi
R e c e i v e r s h i p .— J. W. Wardwell Is receiver.
son June, to Jackson and acquired valuable terminals in Cincinnati.
C o m m i t t e e s .— C leveland A C a n ton fir s t m ortgage committee: Charles
S t o c k .— Authorized, common $5,000,000; preferred 5 p. c. nou-cum •
A.
Peabody, Jr., H. L. Thornell and H. K. Pomroy; depositary, Mercan
subject to redemption. $3,000,000.
tile Trust Co. V. 59, p. 697. This committee’s Trust Co. reoeipts for
B o n d s .— This company lias authorized $4,500,000 new bonds, being
$2,000,000
firsts have been listed on N. Y. Stock Exchange.
at the rate of $2,50>>,000on the railroad and equipment and $2,000,000
C leveland A C anton eq u ip , tru st a n d im p rovem en t bondholders’ com
on the Cincinnati terminal, and oreferred and common stock to an mittee.—Morgan
Rotch, H. B. Hollins. II. F. Dimoek, C. T. Birney,
amonutsutficicnt to enalde it to carry out the provisions of the reorgan George P. Messervy,
George N. Smalley, Charles H. French; deposita
ization plan and also to complete the Cincinnati terminal. The word ries Internet! nal Trust
Co., Boston, and U. S. Mortgage Co., N. Y. V.
‘■Terminal” may be included as part of its name.—V. 65, p. 620.
59 p. 920, 1006. C onsolidated M ortgage— Robert Maclay, Louis C.
C in c in n a t i P o r ts m o u th Sc V ir g in ia R R . —Owns from Idle- Ledyard and William Rotch. Coshocton A Southern— P. W. Smith C.
wild, O., to Sciotoville, 107 miles; trackage (Cin. Lebanon & Nor. W. Plummer and O. Prescott; depositary is International Trust Co,
to Cincinnati, 4 miles; total. 111 miles. Ohio & Northwestern was sold Boston; more than two-thirds have been deposited.
In foreclosure March 13,1890, and reorganized a- above June 24,1891.
F o r e c l o s u r e .— International T r u s t Co., Boston, trustee of Cleve
Preferred stock Is entitled to 5 per cent non-eumulattve dividends, then land
& Canton fir s t mortgage, filed its foreclosure suit in March, 1896.
common to 5, then both pro rata. Preferred in Jan., 1896. paid 3 p. 0; Suit for
foreclosure of Coshocton & Southern mortgage was instituted
July, 1896, 2 p. e.; in 1897, Jan., 2 p. c.; July, 2 p. e.
in 1895. Knickerbocker Trust Co., trustee of oousol. mortgage of
B onds —In June, 1395, issued a mortgage for $500,000 of 5 per 1892, tiled notice of foreclosure proceedings on Nov. 16, 1894, and
cent bonds for Improvements and equipment. Bonds are subject to in August, 1897, filed a cross-hill attacking the validity of the Clere. A
oall at 105 on ninety days notice in the order of their numbers. Trus Canton first 5s.—V. 65, p. 277.
tee, Investment Trust Go. of Philadelphia.
R e o r g a n i z a t i o n . —In July, 1897, no agreement between various
E a r n i n g s .— 6 mos., ) 1896.............. Gross, $141,540; net, $21,804
interests had been reached.
July 1 to Deo 31. ) 1895....... ....... Gross, 158,322; net, 30,284
C o u p o n P a y m e n t s . — Coupons due Ju y 1, 1894, on Clev. &. Canton
E UiNiNOS.—Fiscal year ends June 30. Report for 1893-96 was in firsts were paid Dec. 31,1891; Jan., ’95, paid ,June 29. 1895; July, 1895,
V. 63, p. 791, showing gross, $239,164; net, $43,881; taxes, $6,300; and subsequent, ooupous were not paid. V. 62, p. 40.
RAILROADS.
Miles
For explanation of column headings, &o., Bee notes of
Road.
on first page of tables.
99
O in . H am ilton & In d ia tia p . —1st M., guar. p. & i..99
General mort. for $3,800,000, gold, to be guar...
C in cin n a ti L eba n on A N orth ern —Stock $1,000,000
1st mortgage................................................... 0 38
38
Special mortgage (to redeem certificates)..........
Cincinn ati dk M u sk in g u m Valley— 1st mortgage...0 148
336
Oiyicinnali New Orleans dk Texas P acific —Stock......
205
O in . N o r h'yt—1st M., $4,500,000, gold (see text)..
107
Oiyicinnali P ortsm outh dk V irgin ia —Common stoefc
Preferred stock, non-cumulative (see text)........ 107
1st mortgage, $500,000, gold, red. at 105— c»fcr* 108
86
Oin. R ichm cm d dk Ft. TF.- 1st mort., gold, int. gu.c*
53
Oin. Sagiyiaw A M ack. —1st M., $2,000,000, gold..O'*
26
O learfleldA M a h on in g— 1atM.g. ,gu.p.&i. (end.) .o**r
JLlntoa
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BAILKOAD
STOCKS
AND
BONDS.
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Cleveland , Cincinnati.
Chicago & St . L ouis R y
44
INVESTORS’
SUPPLEMENT.
[VOL. L X V ,
S u b sc r ib e r* w i l l c o n fe r a jjreat fa v o r by g iv in g im m e d ia t e n o t ic e o f a n y e r r o r d isc o v e re d in these T a b le s .
B on d s —Print •
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Dne.
Par Outstanding Rate per When Where Payable , and by Stocks— Last
of
For explanation of column headings, Ac., see notes of
Cent. Payable
Whom
Road. Bonds Value.
Dividend.
on first page of tables.
C l e v e l a n d C i n c i n n a t i C h ic a g o & S t . L o u i s —
Common stock ($28,700,000 authorized)
Preferred stock, 5 per cent, non-cumulative........
C. 1. St. L. A C. con. M.,drawn at 105, s.f. 1 p. o.ox 175
Gen. IstM.. $10,000,000 gold, s.f. not dr’n-.o&r
Bel. & Ind. 1st mortgage (part due yearly).......... 119
Clev. Col. Cin. A Ind. 1st M., sinking fund.......... 391
Con. mort. (see text) drawn at 100 if unst’inp’d 391
Gen. consol, mort, ($12,000,000) gold....... c* <fc r 391
72
Indian A St. L. 1st mort.. in 3 ser. of $667,000.c.
2d M. ($2,000,000), gold, Indlanap. to Terre H c.
72
62
Cl.Cin.Ch. ASt.L., White Water Val. Div, 1st, g.. .c*
45
Columbus Springfield & Cincinnati 1st Mort...
8pring. A Col. Div. (Col. Sp. A Cin.), 1st M., g.e* 45
Cairo Division 1st Mort., $5,000,000, gold.-.c' 267
St. Louis Division, collateral trust, gold— cAr 194
Cin. Wab. &Mich. Div. 1st mortgage, gold— e" 203
Gen. mort. 100 year for $50,000,000 g......cx«fcr 1,808
O bligations for P r o p r ie t a r y L ines .
56
Cincinnati Lafayette & Chicago,1st mort,, gold.e
Cincinnati Sandusky A Cleveland—Pref. stock...
Consol, (now 1st) M. ($3,000,000) gold...........c iyo
48
Cincinnati A Spring.—1st in., p.& i.gu. See text.e
2d mortgage, Big Four owns$526,000 more..c
48
Louisv. A Jeffersonv. Bridge 1st M.—See that Co.
Cleveland L o r a in <& Wheel.—Pref. stock $5,000,000.
Cleveland Tusearawas Valley A WheeTg, 1st M... 158
Clev. Lor. A W. Ry., cons. IstM.,$5,000,000, g.c* 192
General mortgage, $1,000,000, gold.................. 192
Car trusts (due $5,000 monthly) Dec. 31. 1896...
Olev. <£ Mah. Val. —Con.M. (now lst)$3,000,000,g.c&r
1*25
Clev. efi M a r .— 1st M., s. f.,not drw., gold, guar...c*
97
___
$100 $27,987,835
F. A A. N.Y.,J. P. MorganACo. Aug.,’93.
___
100 10,000,000 See text. Q.-J.
do
do
Apr. 1’97,1^%.
710,000
1880 1,000
M. & N.
do
6
do
May 1, 1920
1886 1,000Ac 7,685,000
do
do
4 g. Q.—F.
Aug. 1, 1936
1864 1,000
52,000
J. & J.
do
7
do
to Jan. 1, ’99
1869 1,000
3,000,000
M. & N.
do
7
do
May 1, 1899
1874 1,000
4,138,000 7 or 6 g. J. A D.
do
do
June 1, 1914
3,205,000
1884 1,000
J.
A
J.
do
do
Jan. 1, 1934
6 g1869 1,000
2,000,000
do
7
Various
do
July 1, 1919
1882 1,000
500,000
M.
A
N.
do
do
Nov. 1, 1912
6 g.
1890 1,000
650.000
do
do
July 1, 1940
4 g. J. A J.
1871 1,000
78,000
M. & 8,
do
7
do
Sept. 1, 1901
1890 500 Ac. 1,103,730
do
do
Sept. 1, 1940
4 g. M. A S.
1890 1,000
5,000.000
4 g. j . & j .
do
Jan. 1, 1939
do
1890 l,000Ae 10,000,000
do
do
Nov. 1, 1990
4 g- M. & N.
1891 1,000
4,000,000
do
do
July 1, 1991
4 g- J. & J.
1893 1,000
7,574,000
do
do
June 1, 1993
4 g. J. & D.
792,000
do
do
1871 1,000
Sept. 1. 1901
7 g. M. A S.
50
....
M. A N.
428,997
6
do
do
Nov. 1/97, 3 %
2,571,000
do
1888 1,000
do
Jan. 1, 1928
5 g. j . & j .
1871 1,000
2,000,000
A. & O.
do
7
do
Apr. 1, 1901
1872 . 1,000
125,000
J. A J.
7
do
do
Jan. 1, 1902
100
5,000,000
N. Y., Blair 36 Wall St. Oct., ’96,1 %
700,000
A. A O.
1878 1,000
do
do
7
Oct. 1, 1898
1893 1,000
do
4,300,000
do
5 g. A. A 0.
Oct. 1, 1933
1896 1,000
400,000
do
do
June 1, 1936
5 g. J. & D.
335,000
J. A J.
5
Monthly.
1888 l,000Ac 2,935,000
5 g. See text N.Y./Winslow.Lan.ACo. Jan. 1, 1938
1895 1,000
1,250,000
4^ g. M. A N. N. Y.,Farm. L. A T. Co. May 1, 1935
St o c k , E tc .—On June 30, 1805, capital stock outstanding was
$12,799,459, of wliicli $4,151,209 w'as com m on and $8,648,250 pre
ferred; funded debt, $5,132,183; including equipment trust obliga
tions, $559,183, but not including real estate mortgage, $L05,700;
floating debt, $1,855,778. Tlie outstanding bonds are given above, as
reported to the Ohio State RK. Commission June 30, 1895, though in
1893 the loans marked z were out merely as collateral, as were also
$900,000 (the balance of the authorized issue of $2,000,000) of Cleve
land A Canton equipment and improvement bonds and $584,000 C. C.
A So. 1st consols., for a loan of $900,000.
Earnings.—2 months, >1897..........Gross, $90,432; net, $13,880
July 1 to Aug. 31.
$1S96.........Gross, 127,957; net, 26,728
A nnual Report.—Fiscal year ends June 30. For 1896-97, gross
was $687,959; net (over taxes), $84,868 ; interest, rentals, etc., $242,119; balance, deficit for year, $157,251. In 1895-96, gross, $706,8 L4 ;
net, $138,496.—(V. 63, p.75, 1156; V. 64, p. 516; V. 65, p. 277.)
C le v e la n d C in c in n a ti C h ic a g o & St. L o u is Ry.—
(See M a p .)—
Operates an extensive system of roads radiating fr >in Indianapolis,
Ind., westerly to Chicago, Peoria, Cairo, 111., St. Louis, and east
erly to Sandusky, Cleveland, Columbus and Cincinnati, Ohio, and
southerly to Louisville, with branches. As shown on map the system
comprises: 4,] See this company.
Owned d irectly —
M iles.
L ea sed a m i controlled.
M iles.
Cleveland, 0.,to Columbus,O.. 138 Cincinnati A Springfield Ry.—
Gabon, O., to Indianapolis......203
Lud.G’ve(6m.fr.Cin.)toDay’n 48
Delaware to Springfield.......... 50 Colum. Hope A Greensb’g RR.— 26
Cincinnati to Lafayette............175 T rackage into Cincinnati, Ac. 32
Indianapolis to Terre Haute__ 72
Harrison Branch................... 7
Total included in earns... 1,838
Lea sed — entire stock oivned—
O perated; earns, kept separate —
Cincin. Lafayette A Chic. Ry.— 57 Peoria A East’n Ry. (U).—
352
Cairo Vincennes A Chic. Ry.—
Kankakee A Seneca RR.—
42
Cairo, 111., to Tilton A branch.267 Mt. Gilead Short Line..........
2
St. Lou. Div. T. H. to E. St. L. 193
Columbus Springfield A Cin.—
Total of systemJune 30,’97.2,234
Columbus, O., to Springfield.. 45 Trackage lb. Cent, into Chic.. >
White Water—Harrison, Ind., to
On percentage basis..........5 OD
Hagerstown, Ind.................. 62 Trackage into Jeffersonville. >
Cin. Wabash & Michigan Ry.—
B & 0. S. W...................... I
Benton Harb. to Rushv. A Br.249
O perates independently—
Other fines («j........................ 44 Dayton & Un. RR. (H)............. 47
Cincin. Sandusky A Cleve. Ry.—
Double track......................... 60
Sand’sky, O., to Dayt’n, O.etc. 170
a No debt, or bonds all owned.
The company is also one-fourth owner of the Peoria A Pekin Union
Ry., one-seventh owner in the Terminal Railroad Association of 8t.
Louis and two-fifths owner of the Indianapobs Union Railway and
partial owner of Dayton A Union, which is operated independently.
H isto ry , E tc .—A consobdation of the Cincinnati Indianapobs St
Louis & Chicago Railway Company, the Cleveland Columbus Cincin
nati & Indianapolis Railway Company and the Indianapobs A St. Louip
Railway Company, made in July, 1889. It is one of the so-called
Vanderbilt roads. The St. Louis Alton & Terre Haute main line and
branch were purchased in 1890 for $10,000,000 of 4 per cent bonds.
In 1889 acquired the entire stock of the Cairo Vincennes & Chicago
and in 1890 leased the Peoria & Eastern (which see). In 1890 also
practically absorbed the Columbus Springfield & Cincinnati and the
Cincinnati Sandusky A Cleveland. Entire common stock of the latter
is owned, and under a lease running till 1969 interest is paid on bonds
and dividends on preferred stock. V. 51, p. 457, 608.
Ca p it a l Stock .—According to Ohio statutes company has privilege
of retiring preferred stock at par after June 27,1892. On Jan. 1, 1890
the common stock was $20,500,000; it has been increased to pres
ent figure to acquire stocks of fines absorbed, etc.
Dividends— 1890. ’91. ’92. ’93. ’94. ’95. ’96. ’97.
Common..........>4 p. c. 3
3
3 none none none
Preferred..........>From 1890 to April, 1897, iucl., 5% (11* quar.); in
July and October, 1897, none.—V. 64, p. 1181.
B o n d s —T he sinking fund provision of the Cleveland C olu m bu s C in
cin n a ti <£ In d ia n a p olis consol, bon d s of 1874 may be canceled at option
of holders, and the bonds so stamped. The principal of these bonds is
payable in gold, but the interest is payable at option of holder either in
awful money at 7 per cent per annum or in British sterling at 6 p. c.
Of the In d ia n a p o lis <£ St. L o u is first mortgage bonds series “ A” are
J. & J.; series “ B,” M. A S.; series “ C,” M. A N.
The $10,000,000 SI. L o u is D iv is io n bonds of 1890 issued to the St.
Louis Alton A Terre Haute in payment for its line from Terre Haute
Ind., to East St. Louis, 111., and l/rauch, 193 miles, and now forming
•the St. L. Div. of the C. C. C. A St. L. are how a first collateral lieu on
that line; $323,000 bonds are held in the sinking fund. The bonds are
not subject to call. They are direct bonds of the Clev. Cin. Ch. & St L
and are secured by deposit in trust of a purchase money mortgage for
$10,000,000 executed by the Cairo Vincennes & Chicago, which pur
chased the St. Louis Div. in 1890. For deed of trust see V. 52 p 42-45
As to the C in cin n a ti Wabasn <£■M ich . 4 per cents, see V. 52 p *718
The 100 y e a r m ortgage or 1893 is limited to $50,000,000,’of which
$29,252,000 were reserved to retire at maturity bonds outstanding on
the various lines (exclusive of Cairo division, Peoria division, Michigan
division and the St. Louis division west of Terre Haute).
$15,748,000 can now be issued (since July 1,1894,) for new construction *
etc., at the rate of $1,000,000 a year; $1,000,000 were so issued in
1895-6, and $1,000,000 in 1896-7 ; $574,000 were also issued in 1897
for prior bonds. V. 64. p. 1224. Union Trust Co. of Indianapolis is
trustee, vice Theodore P. Haugliey.
The C in cin n a ti S a n d u sk y & C levela n d consols of 1888 are now a first
lien ; of the $3,000,000 authorized, $428,850 can only be issued on re
tirement of like amounts of the preferred stock.
The C in cin n a ti & S p rin g field fir sts are guaranteed, one-half of them
by C. C. C. & Ind. (now consolidated with Cl. Cin. Ch. & St. L.) and onehalf by the Lake Shore & Mich. So.
G e n e r a l F i n a n c e s .— On July 1 , 1 8 9 7 , bills payable only $ 3 , 4 2 5 ;
there were $375,980 equipment notes, payable in yearly instalments,
$141,680, becoming due in 1897-98 ; also $200,000 Am. Express Co.
advances. Guarantees interest on Louisville A Jeffersonville bridge
bonds jointly with the Ches. & O.
In
Traffic.—
c a l e n d a r y e a r 1 8 9 5 c a r r i e d 8 ,8 4 8 ,2 7 5 t o n s , o f w h i c h
b it u m in o u s c o a l f u r n i s h e d 2 0 p . c . , g r a i n 1 2 p . c . a n d l u m b e r 1 1 p . 0.
L a t e s t E a r n i n g s .— F r o m J u l y 1 t o A u g . 3 1 (2 m o n t h s .) —
2 m os .—
Cross.
Net.
I n t ., <&c.
B a l., s u r .
$478,799
$71,236
1897......................... $2,349,666 $550,035
1896......................... 2,189,114 538,047
464,718
73,329
A nnual R e po r t .—Fiscal year ends June 30. Annual meeting last
Wednesday in October. Report for 1896-97, with balance sheet, Ac.,
in V. 65, p. 459, 467. See also editorial, p. 443.
Y ea r en d 'g J u n e 30— 1897.
1896.
1895.
1894.
Passenger earnings. $3,«65,193 $4,035,326 $3,785,410 $4,104,760
Freight.................. 8,254,873 8,576,700 8,783,929 7,866,967
Mail and express,...
912,449
847,982
815,317
803,078
Total earnings...$12,832,515 $13,460,008 $13,384,656 $12,774,814
Oper’g exp. A taxes. 9,864,665 10,293,703 10,254,068 9,750,503
P. c. op. ex. to earns.
76*87
76*47
76*61
74*80
Net earnings.... $2,967,850 $3,166,305 $3,130,588 $3,024,311
Rentals, interest,Ac.
284,596
252,319
263,744
259,235
Total net income.
Interest on bonds...
Rentals, etc.............
Dividends..............
$3,252,446 $3,418,624 $3,394,332 $3,283,546
$2,687,049 $2,639,863 $2,642,159 $2,554,235
237,091
204,647
202,547
221,341
375,000
500,000
500,000
500,000
Balance.............df.$46,694 sur. $74,114 sur.$49,626 sur. $7,970
-(V . 64, p. 233, 1181,1224; V. 65, p. 443, 459, 467.)
C le v e la n d L o r a in A W h e e l i n g R y .—(S ee Maj ).)—Owns from
Lorain, O., to Bridgeport, O., opposite vVheefing, W. Va., 158 miles;
Lester to Cleveland, 28 miles, and branch to Bellaire, O., 6 miles;
total, 192 miles, and has trackage into Wheeling.
H i s t o r y .— This ra ilioay is a consolidation Nov. 23,1893, of the C. L.
& W. ra ilro a d and the Cleve. A Southwestern. (See V. 57, p. 979.)
S t o c k .— Common, $8,000,000, and preferred, non-cumulative, 5 p .
$5,000,000, par $100. After dividends of 5 p. 0. have been paid on the
preferred and common both stocks share alike.—V. 60, p. 1058.
D ivid en ds .—On p re fe r r e d in 1896, March, 1 p.-c. June, 1 p. c.; Oct.,
1 p. c.; none since.
B o n d s —The con solidated m ortgage for $5,000,000 (U. S. Mtge.
Co., N. Y., trustee) covers 192 miles main line, including the extension
of 28 miles to Cleveland, completed in Dec., 1894; aLso 70 miles sidings,
equiDinent, terminals, etc., now owned or hereafter acquired. The
mortgage provides the retirement of the Cleve. Tusc. Val. A Wheeling
firsts at maturity. V. 60, p. 177. The general mortgage was issued for
improvements. The car trusts were issued for $400,000, payable in 80
monthly instalments of $5,000 each; they cover 6 engines and 1,000
coal cars. Bills payable June 30,1896, $54,709.
E arnings .—11 months, >1896-7__ Gross, $1,075,532; net, $330,431
July 1 to May 31.
\ 1895-6....Gross, 1,438,163 ; net, 431,236R eport .— For year ending June 30, 1696, was in V. 64, p. 39, show
ing : Gross, $1,586,917 ; net, $442,752; interest on bonds, $281,045 ;
int on car trusts, $16,228; dividends, $100,000; bal. surplus, $45,479. Inlo94-95, gross, $1,360,464; net, $402,928.—(V. 64, p. 39, 568.)
C le v e la n d <fc M a lio n in g V a lle y K y . - Owns from Cleveland,
O., to Sharon, Pa., 81 miles [57 double track]; Niles, O., to New Lisbon ,
O., aud branches, 44 miles. Leased to Nypano RR. (formerly N. Y.,
Penn. A Ohio) till 1962; rental $514,180 per annum, payable monthly.
In 1896 consols for $155,000 were issued to retire the last of the prior
bonds and the consols arc now a first lion on the entire road. Coupon
interest is J. A J., registered interest, Q.—J. Stock is $3,259,200, of
which $2,758,250 is held by “ Atlantic First Leased Lines Rental Trust
Co., Limited,” of London. Dividends, 12 to 13 per cent per annum.—
(V. 57, p. 179; Y. 61, p. 966; V. 63, p. 968.)
C le v e la n d Ac M a r ie t ta R y .—Owns from Marietta, O., to Canal
Dover, and branch, 103 miles, and 8miles, Valley Junction to Canal
Dover, leased. Pennsylvania RR. obtained control in Oct., 1893, having
purchased about two-thirds of the stock. Stock, $2,000,000—par $100.
43
:t r o i ;
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Marsh alT
Lawton;
Jukookrai
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A d risu i.lf’ Fret i
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TOLEDO'
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Antsviilfe
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.Moadtille
Andover;
C leveland
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'ran llin
KAtLROAD STOCKS AND
BONDS.
MllfordJc?!
m outh
Avllla’
\ncburgb
tkmhlmjt
ConttimihUi
heater
A \MmgoJfr.
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CLEVELAND, LORAIN r
••• W H E E L IN G RAILWAY
•)«war«
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46
INVESTORS’
SUPPLEMENT.
[VOL. L X V
NubBcrlbers w i ll c o n fe r a g r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d In th e se T a b le s .
Bonds--PrinciINTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal.WhenDue.
Par Outstanding
of
of
Stocks —Last
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
$50 $11,226,050
7
Q. -M. N. Y., Winslow, Lanier, Scpt.1,‘97, 1 %
M. & N.
7
do
do
199 1867 1,000 1,484,000
Nov. 1, 1900
199 1892 1,000 3,000,000
do
do
4*2 g- J. & J.
Jail. 1, 1942
1,561,000
199 1892 1,000
do
do
4^ g. A. & O.
Oct. 1, 1942
5,500,000
M. & N. N.Y., Brown Bros.&Co. Nov. 1, 1995
87 1895 1,000
300.000
1895 1,000
i e - A. & O. Boston, N. Y. & London, Oct. 1, 1945
600,000
J. & D. Phila., Read. Co. Office June 1, 1898
6
13 1868 100 &c.
Colorado Midland—Secu rities to be I ssued and Assu MED— 100
3,420,200
voting t rust for 6 years or mor(e.
Common stock, $4,000,000................................
100
4,590,800
Preferred stock, 4 per cent, nou-cum.,$6,000,000
voting t rust for 6 years or mor e.
To be issued only if n ecessary prior to July, 1903.
Prior lien mortgage for $500,000 ..................
1,000
1897
6,250,000
2-3-4
g.
1st mortgage, $10,000,000. See text............
J. <fc J 1st coup, due Jan. 1/98
1997
1897 1,000
732,900
4 g. J. <fc J.
do
do
do
do
........... C. c
1997
150,000
1888 1,000
Equipment bonds, s. f., drawn at 105, gold......c!
M. & 8. Sept./97, pd. when due. Mch. 1, 1898
I
g*
1890 1,000
154,000
Equipment bonds, B., drawn at 105, gold........ c
J.
&
J.
July,
’97,
pd.
when
due.
Jan.
1, 1900
£ g* M. & N.
1895
500,000
Col. Wyoming t£ Qt. No.—1st M., $6,000,000, g.. (V
Philadelphia.
May 1, 1925
5
706,000
ColurnbiaNewb.<£Laurens—lstM,for $12,000 p.m. ,g 63 1887 i,ooo
.............
6 gg. J. & J.
Jan., 1937
2,000,000
Columbus &Cincinnati Midlands—Common stock..
1,000,000
Preferred stock (see remarks) non-voting...........
J. & J.|Jan., ’96 div. last paid. Jan., 1896
1,000
1884
2,000,000
71
1st M.,ext., guar. p. & i. by Cent. O. andB. & O.c"
4^ J. & J. Jly,,96,pd.Oct.l,’97atF Jan. 1, 1939
100 11,696,300
Columb. H. Val. &Tol.—Common stock..............
100
2,500,000
5" J. & J.
Pfd., non-cumulative, red. at 100........ ..........
Jan. 2 ’H7.2W
1897
370,000
Receiver’s certificates, $500,000, gold (see text).
5 g- Matur’y ClevelaudtO.,Soc.f. Sav. Jan.to Mar.'98
1867
500&C.
76
1,401,000
Col. & Hock. Val. 1st mort., 7s, ext. Oct., 1897.'’
A. & O. Oct., ’97, pd. when due. Oct. 1, 1898
118 1875 1,000
2,500,000
I s- F. & A. Aug., ’97, pd. when due Aug. 1, 1905
118 1880 1,000
600,000
7
M. & 8. Sept.,’97, pd. when due. Sept. 1, 1900
85 1880 1,000
Ohio & West Va. lstmort. (Logan to Pomeroy)..c
1,584,000
7
M. & N. May, ’97, pd. when due. May 1, 1910
329 1881 1,000
8,000,000
5
g. M. & 8. Sept..’97, $20 advanc'd. Sept. 1, 1931
329 1884 1,000
2,000,000
6 g . J. & D Dec. ’96, coup last paid June 1, 1904
1894 1,000
Car trust bonds s. f., red. at par, gold.......
1,342,000
Q -J . N. Y., Atlantic Trust Go. Apr. 1, 1904
6 g.
Ohio Ld. & Ry.Co., M.,g,.s. f., red.at 110.se
1894 1,000
275,000
6 g- J. A J. N. Y., St ite Trust Co. Jan. 1, 1914
Well3ton &Jack. BeltL , 1st M.,$300,000,go
17 1895 1,000
300,000
6 g . F. & A.
do
do
Aug. 1, 1915
General lien mortgage, $30,000,000, gold.
346 1*96 l,000&c 1,561,000
4 g . J. & J. Jan. ’97, coup last paid July 1, 1996
B o n d s .— New first mortgage tor $2,000,000 Is dated May 1,1895, 3 per cent per annum, commencing with July 1,1895, on the preferred
and is guaranteed as to principal and Interest by the Penn. C o m p a n y First mortgage interest due July 1,1896, was paid O c t . 1, J.897. (V(trustee. Farmers’ L. & T. Co., N.Y.). Sinking fund of 1 p. c. com 65, p. 619.) See description of mortgage, etc., p. 6 o f S u p p l e m e n t
mences J uly 1, 1896; bonds bought at par but not subleot to call.
April. 1896. D i v i d e n d s — O n p refer red , in 1895, July, l i e p. c.; i n 1 8 9 6 ,
R e p o r t for year ending Dec. 31, 1896, in V. 64, p. 1086, shows Jan., lrg p. e.; none since. B. & O. owns the common stock.
gross $360,308; net, $52,269; other income, $4,107; Interest oil bonds,
B o n d h o l d e r s ’ C o m m i t t e e s . —Charles S. Hinchman, Chairman;
$56,250; balance, sur., for year, $126. Iu 1895 gTOSS, $367,753; net, George Stevenson, Secretary, 138 South Third Street, Philadelphia;
$84,859—(V. 64, p. 1 0 8 6 . )
Harry F. West, Edward B. Smith and Charles Parrott. A majority of
Cleveland Sc, P itts b u r g R R . —( See M a p P en n sylva n ia R ailroad. the firsts are reported to have assented. Depository, Guar. Tr. *fcS. D.
Cleveland, O., to Rochester, Pa., 124miles; branches—Bayard, 0.,to New Co., Phila.—V. 64, p. 180, 707; V. 65, p. 619.
M id d e n d o r f C om m ittee. —J. W. Middendorf, 213 East Gerinau Street,
Philadelphia, 31 miles; Yellow Creekto Bellaire, 43 m.; trackage, Roch
ester to Pittsburg (Pittsb. Ft. Wayne & Chic.), 26 miles; total, 224 miles Baltimore, and Owen Daly.—V. 64, p. 233, 330.
E a r n i n g s .— Year ending Juue 30, 1896, g r o s s , $376,558; net,
L e a s e — Leased for 999 years, Deo. 1,1871, to Penn. RR. Co., and lease
transferred to Pennsylvania Co. Rental, 7 per oent on $11,226,050 $97,722; int, and taxes, $99,600; dividends, $30,000; balance, def.,
stock, and organization expenses, the lessees assuming all liabilities $31,878. In 1894-95 gross, $399,910 ; net, $98,004.—(V. 65, p. 619.)
B o n d s .— General mortgage bonds are all equally secured; they can
C o lu m b u s R o c k i n g V a lle y Sc T o le d o R y .— Owns main
not be called for the sinking fund. See guaranty, V. 56, p. 604.
line from Pomeroy, O., to Walbndge, O., 250 miles, with trackage
(Penn.
RR. System) Walbridge to Toledo, 6 miles; branches to Athens,
Earninos.—Report for year ending Nov. 30,1896, was given In V.
64, p. 605, showing gross, $3,226,615; net, $1,168,972. Profit to Nelsonville, etc., 73 miles; Weliston & Jaokson Belt Line, from
McArthur
Junction to Jackson, 17 miles (opened in February, 1896 ;
lessee was $37,304 in 1896 and $342,901 in 1895, against loss of
10 miles is eleetrio); total, 346 miles; second track, 25 miles.
$55,452 In 1894. (V. 62, p.gj*, 5 4 6 , 1087; V. 64, p. 3 73 , 605.)
R e c e i v e r s h i p .— On Feb. 25,1897, Vice-President N. Mousarrat was
C le v e la n d T e r m in a l & V a lle y R R .—See M a p B a ltim ore <£
Ohio. Owns from Cleveland, Ohio, to Valley Junction, 75 miles, and appointed reoeiver. V. 64, p. 422. Receiver’s certificates for $500,000
12 miles of small branches. Successor as per plan in V. 60, p. 437 were authorized in July, 1897, and fall due between Jan. 27 and Mar.
and V. 61, p. 70, to Valley Ry. (of Ohio) sold in foreclosure Sept- 24, 1898. (V. 65, p. 194.)
10, 1895. The Baltimore & Ohio controls the new company. A trafflo
C o m m i t t e e . —Consol. Fives —Foreclosure suit under consol, mortgage
agreement was made with Wheeling & Lake Erie in 1895. V. 63, p. 155. lias been brought. A majority of the consol. 5s and also general mort
S t o c k — Of the $5,200,000 com m on (par $50) B.& O. owns $4,592,550. gage 6s have been deposited with J . P. Morgan & Co., whose receipts
for the consols, have been listed on New York Stock Exchange.—V. 64.
Preferred stock is for $2,200,000, par $100.
B o n d s — T h e f ir s t m o r t . b o n d s a r e g u a r a n t e e d , p r i n c i p a l a n d i n t e r e s t , p. 754; V. 65, p. 151. The Knickerbocker Trust Co. was depositary for
a committee representing the general mortgage 6s.—V. 65. p. 277.
b y t h e B . & O ., e n d o r s e d ; I n t e r e s t Is p a i d r e g u l a r l y f r o m e a r n in g s .
In October, 1897, plan of reorganization was being considered.
E a r n i n g s .— Year ending June 30, 1897, gross, $797,327; net, $260,C o u p o n P a y m e n t s , E t c .— Consol. 5s coupons due March 1, 1897.
156; interest, $220,00O; taxes, $22,644; surplus, $17,512. (V 62 n were
purchased by J. P. Morgan & Co., who also advanced $20 on each
820; V. 63, p. 791.)
Sept., 1897, coupon.—V. 65, p. 411. Col. & Toledo 2d mort. coupons,
C o a st tty. o f N o va S c o t ia .—Road from Yarmouth to Belleville, due Sept. 1,1897, were pan! when due, and coupons of Col & Hock
14 miles, was iu operation iu 1896; 17 miles additional, to Pubuico, is VaUey 1st mort. due Oct. 1, Ohio & W. Va. 1st 7s due May ', 1897,
completed. Under construction from Pubuico to Loekport 65 miles Ohio Laud & Ry. 1st 6s due July 1 , Col &'Toledo lst7s due Aug. 1, were
Capital stock authorized is $ 100,000. Mortgage trustee. International paid when due at State Trust Co., N. Y. V. 64, p. 663, 842.
Trust Co., Boston, Mass. President Thomas Robinson, Yarmouth.
H i s t o r y , &c.—The capital stock of $1,500,000 of the Hocking Coal
C o lo ra d o m id la n d R R . —Owns from Colorado Springs to New & RR. Co., controlling 10,000 acres of coal lands, was purchased in
Castle, Col., 219 miles; Jerome Park branch, 15 miles; Aspen branch 1881 for $8,000,000. As to status of Burke suit see V. 64, p. 516.
18 m.; Leadville branch, 4 m.; total owned, 256 miles (including 2-9
B o n d s —C onsolidated m ortgage was for $ 1 4 ,5 0 0 ,0 0 0 , o f which $ 6 ,miles of Busk Tunnel Ry.) Leases New Castle to Rifle Creek, 14 m°and
Rio Grande Junction HR., Rifle Creek, Col., to Grand Junction, 63 5 0 0 ,0 0 0 reserved to meet prior liens; but in 1 8 9 2 $ 7 7 7 ,0 0 0 consols
reserved for 7 per cents due Jan. 1 , 1 8 9 2 , were canceled, the 7 per oents
miles; total owned and leased, 333 miles.
having been retired with preferred stock. Central Trust Co. Is trustee.
O r g a n i z a t i o n .— Incorporated Oct. 1 2 , 1897, at Denver, Col., as suc
gen era l m ortgage of 1 8 8 4 is for 8 2 ,0 0 0 ,0 0 0 ; trustee (Oct., ’9 6 )
cessor to the Colorado Midland R a ilw a y (previously in tile Atchison The
Knickerbocker
Trust Co., N. Y. Columbus & Hooking 1 s t 7 s due Oct.
system), foreclosed Sept, 8,1897, under both first and consol, mort 1 , 1 8 9 7 , were extended
until Oct. 1 . 1 8 9 8 , or for any longer period
gages and 1eorganlzed per plan in 64, p. 1224, 1226. The i-i
during which the property shall be in the custody of the Court at 6 p. c.
ers remain In charge until Oct. 31.
per annum, such Interest to be payable in gold coin.—V. 65, p. 620.
Tile Ohio L a u d t£ R y. bon d s ($1,500,000 authorized, N. Y. Security &
Trust Co., trustee), are guaranteed principal and Interest by the C. H.
V. & T. Ry., and are so endorsed. They cover about 11,000 acres of
not paid in cash, and 4 p. c. after July 1,1902. The right is reserved ooal lands. Sufficient of the loan Is reserved to take up all prior liens.
to issue *500,000 prior lD-n 4s, if considered necessary. To Oct.. 1897. Receipts from royalties on land owned by company were estimated
no arrangements bail been completeiLprovidlng for the~Busk Tuimei at $103,000 for year 1895.
’ ’Omis. See V. 65, j>. 327, 367. Oscar Bunke, 41 Wall St., is Secretary
W eliston <
£■J ackson Belt L i n e . —The first mortgage bonds are guaran
of the Reorganization Committee.
teed. Capital stock, $255,000, all owned by C. H. V. & T. Ry.
For the equii nn-nt bonds as they mature and to provide foruurcliase
The General L i e n M ortgage of 1896 (Guaranty Trust Co. Trustee)
of IbckTunnei 1st 7s for $1,250,000 and Aspen &ort Line 1st 8s fo? oovers all the property and securities of the company and all property
$108,000, new 1st mortgage 4s were reserved; $1,355,100 new 4s hereafter to be acquired with tlie proceeds of tue bonds. The total
$590,700 pref. and $579,800 common will remain for future needs. ’ issue authorized Is $30,000,000 (see V. 63, p. 228, and application to
N. Y. Stock Exchange in V. 63, p. 1162). To June, 1897, Ohio Land
„
„
•--------------------- A n d R e c e i v e ------------ !— ,
Old Secoii. Pay Asscs’ t
1st 4s. ls(2,3,4s. P r e /.s t k . C om .stk . &Ry. Co.bonds for$l,200,000 had been exchanged for general lien 4s.
1st M. bs & coups..............
.......
100%
50%
E a r n i n g s .— Jan. 1 to Sept. 30, 9 months, gross, $1,651,697 in 1897 ;
Consol. 4s ...........
15%
15%
.......
30%
"70% $1,852,652
in 1896.
Voting Trust.— Both classes or stock will be placed in a voting trust
A n n u a l R e p o r t .— Fiscal year ends December 3 1 . In 1 8 9 6 , g r o s s ,
for six years and thereafter uatll the first mortgage bonds shall have
$ 2 ,5 0 5 , 6 1 1 . Annual meeting will hereafter be held the third Tuesday
received 4 per oent interest in cash for three successive years
Oftnrges.-Obligatory charges for first three years under plan, in- in March. Report for 1 8 9 5 was in V. 6 2 , p. 724. Traffic is mostly
freight, and 6 4 per oent of this bituminous coal. The grades have been
cludtng taxes and rentals, $372,051, against $831,320 for old Co.
so reduced that the average train load is large—in 1 8 9 4 , 4 5 0 t o n s .
L a t e s t Earnings—2 mos. ) 1897..... Gross, $316,916; net, $80,934
t e a r en d in g D ec. 31—
1895.
1894.
1893.
1892.
July 1 to Aug. 31.
51896.....Gross, 276,469; net, 36,383 Gross
earnings............... $2,676,421 $2,688,700 $3,270,362 $3,372,585
E a r n i n g s .— T h e statement f o r years e n d i n g June 3 0 is a s f o llo w s Net
earnings..................
$1,200,607
$1,245,926
$1,461,627
$1,567,457
i Gross.
Net. Rent. Taxes, etc. mi!for Int Miscellaneous.................
19,606
10,000
10,000
10,000
1896-7....... . . ......$1,671,543 $335,374
$200,316 sur 81*35 058
1895-6.................. 1,906,280 558,067
220 636 sur 3 3 7 4 3 1
Total
receipts.......
...$1,220,213
$1,255,926
$1,471,627
$1,577,457
•1894-5.................. 1.592,661 369.151
158 612 sur ^10539
Taxes............................. $90,951 $96,123 $92,696
$85,316
-(V . 65, p. 69, 151, 194, 235, 327, 367, 462, 516, 620, 728.)
’
on bonds...........
923,030 923,030 923,030
923,030
Columbia Sc G r e e n v ille ( s . C . ) - S e e S o u t h e r n R a i l w a y C o . Interest
Interest on ear trusts......
96,765
92,572
60,809
51,327
C o lm n b t t s * C in c in n a ti m id la n d RR.-(See MapBall. <
tOhio ) Other interest...............
19,004
9,864
6,456
4,455
—Owns from Columbus, O.. to Midland City, 0., 71 miles •tras-tei -e r/, Int. to Pa. Co. on lease,&c. I 11op. exp.
25,765
25,646
26,804
Columbus, 1*5 miles. In January, 1890. leased for 999 ye4rs to Centra Dividend on preferred. ..(5) 100,000 (5)100,000 (5)100,000(2^)50,000
Olio, by winch assigned to Baltimore & Ohio. See V. 51, p. 718 The
Baltimore & Oh o assumed the Central Ohio’s guaranty of principal and 8alance, surplus........... def. $9,537
$8,57
$262,989 $436,525
Interest of the bonds (which are endorsed by the Central Ohio) and of —(V. 65, p. 151, 194 235, 27' ill, 620.)
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
Cleve. <£ Pittsb.—Stock, 7 p. c. guar, by Penn. Co—
Consol, sink, fund mort. for $5,000,000,notdr’n.c
Gen. M. for $10,000,000 gold ) series A ,.......o*
guar. p. & i. 'end.) Pa. RR. S series B............
Olev. Tcrm
'l <£ Valley—1st M., $6,000,000 gold,c*«&r
Coast Ry. of X . Scotia.—1st M. $5,000,000 ($& £).c*
Colebrookaale—lstM.,$593,400,und. Read.M of’96e
RAILROAD
OCTOBER, ISat.j
AND
STOCEJ3
BONDS.
47
S u b sc r ib e r* w i ll c o n fe r a g r e a t fa v o r by g l r l u g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In tb e s e T a b le s .
RAILROADS.
For explanation of column headings, Ac., see notes
on first page of tables.
Col. San. A Bock. R R .- New rec’vrsctfs.. $200,000
Receiver's certificates Cold f o.) outin Julv. 1896
1st mortgage (prior lien). $2,000,000, gold..... 6*
General mortgage, $10,000,000. gold............. o'
1st M., scrip, tor July, ’96, and Jan.,'97, coups..
Income bonds, non cumulative, gold.................
Zanesville Terro’l Co. 1st in. for $500,000, gold.o*
CoL Ter. & Transf. mtge. $350,000 gu. 0. 8. & H.
Columbus <t Xeato—Stock, 3 per cent rental..........
Concord & Claremont ( 2f. H .} —1st mortgage......c
Concord <& Montreal—Stock, Class l. <B. C. A M. pf.j
Stock,Class LI (B, C. A M. new)..........................
Stock. Class III. (B. C. A M. old stock)...............
Stock, Class IV. (Concord) $6,000,000 auth Text
Bosh Con. A Moa. Improvement mortgage........e
Concord A Montreal oonael.mort.for$5,5o0,000.o*
Debenture bonds, $650,000, currency.............e"
Ooneora * Ports.— Stock, 7 p.e. rn’l, 99 yrs. Cone’d .
Oonf. it Oakl'd—1st M., g„ $200,000; drn. at par..
Conn. A P ossum .— Pref. stock, 6d . 0. raot’1,99 ymtr
1st more. (White Rlv.Juac. to Canada Une) gold.*”
MAssawlppi *t'k, gtiar.same dlv. as Conn. & Pass,
Newport A Rlohfbrd 1st more. gnar. by C. A P.o*
Connecticut Hirer—8tock ($2,670,000 authorized)..
Scrip, redeemable to ten year* In cash or bonds..
Bonds, not mortgage, for $1,000,000, gold....... c
C onnecting tP h ila -t— 1st m., gu. p. A L Pa. RR.en. c
OonnccUm Terminal MR. (Buffalo)—1st M.. ......r
Erie & West. Tran*. 1st M. gnar. drn. at 105. .0*
Cornwall <# Istbamon.—Stock......................... .
New 1st mortgage tor $800,000............... ....... r
Bonds—Princi
INTEREST FOB DIVIDENDS,
Miles Date Size, or Amount
pal,When Due,
of
Par Outstanding Rate Per When Where Payable, and by Stocks—Last
of
Hoad. Bonds Value.
Cent, Payable
Whom.
Dividend.
$200,000
6 J. A J. Colnmb’s,0.,Reo’rs’ Off. By July 1,1898
1897
500,000
6
.... 1895
.....
680,000 „ 0 S- A. A 0. Apr.,’97,eoup.last paid. Oct 1, 1900
227 1895 $1,006
227 1895 1.000
7,446,591 2 V 4 g. J. A J.
See text.
Jan. 1, 1946
149,219
1,150,171 * T * F. A A.
1895
1945
453.000
*4 1890 1.000
5
g. J. A J. Jan.,*97, coup, last paid. July 1, 1940
271.000
a
M. A S, Sept., 1897, coup. paid.
.... 1893 1,000
1943
680,128
1,786,200
55
50
8*5 Q.-M. Columbus, O., Treasurer Sep. 10,>97,21B
4b, J. A J. Host., Treasurer's office. Jan. 1, 1914
500.000
71 1894
....
800,000
7
Q.-J.
See text.
100
Oct.1,’97,1%%
J,
540,400
7
100
do
Oot.1,'97,1%%
cj.—
*<i.
459,600
—
do
100
7
Oet.l ,’97,t%%
100 5,397,400
7
Q.-J.
do
Oct,1/97,1%%
500,000
166 1881 1,000
6 J. A J. B'sttra.Faneui! HaUB'k Jan. 1, 19)1
262 1890 1.000 5,000,000
4
J. A D. Boston Safe D. A Tr.Co. June 1, 1920
650,000
1897 1,000
4
J. A D. Bos. S.D, & Tr., Boston. June 1, 1920
350,000
100
J. A J. Manchester, N. H, July, *97,3%%
47
7
120,000
.... 1890 1.000
5 g. M. A N. Nov.,'95, coup, last paid
1914
....
100 2,500,000
6 F. A A. Boston, 8, Dep. A Tr, Co.
do
do
110 1893 1,000 1,900,000
4 g. A, A 0.
400,000
do
do
37
100
6 F, A A.
Aug., ’97, 3%
350,000
do
do
22 1881 1,000
J. A J.
5
Jan, 1. 1911
Boston, Muss.
80
100 2,580,000 10 J. A J.
July 1,’97;5%
1,290.000
80 1893
4
J. A J. Boston, Second NaLBk. Jan. 1, 1903
Boston, Mass.
.... 1893 1,000
Sept 1, 1943
1,000,000
4 g. M. A S.
991,000
6 M.isAB. Phlla., Broad St, Stat'n 1900-T-’2-’3-'4
6-75 1864
1.000
1883 1,000
5
M. A N. Pliita.,26 8.15th St May 1, 1903
500,000
.
do
do
1892 1,000
J. A J.
750,000
July 1, 1912
5
24
50
800,000 3 in 1807 F. A A. •Co.'a off., Lebanon, Pa. Aug. 1, ’97,1%
do
do
24 1891 100 Ac.
A,
A
0.
Apr.
1, 1921
768,400
5
C o l H i u b u s Sandusky A H o c k l o s H R .—Koxo—8andu*ky via
Colombo* to ZauesviUf and southerly to Olouster, Shawnee and
Shaware Junction, with branch**; total, 273 miles, of which 220
m iles a re owned and *7 tulles leased. Trackage to Toledo, 51 miles.
Htsxoar, Etc.—A. reorganisation Nov. 14, 1805 (per p la n in V. 61,
p . 26) of the !ol. Sand. A Hock, By., sold la foreclosure Oct. 19,1805.
Is p le d g e d as p a rt s e cu rity f o r 4s o f 1 8 9 3 [$ 1 ,9 0 0 ,0 0 0 a u th o ris e d ]
w h ich rep la ced $ 1 ,5 0 0 ,0 0 0 o f 7 * d u e A p ril 1, 1 893
(V . 57, p . 1 01 0 .)
Dividends s in ce 1 880— l a 1 8 8 1 . 5 p er c e n t ; in 1 88 2 a n d 1883, ; In
1 88 4 . 5 % : In 1 88 5 to 1 89 6 , In clu siv e , 5 p. c. p e r a n n u m ; In 1 89 7 an d
s in ce , p .
p e r a n n u m . See re n ta l a b o v e , A v e ra g e a n n u a l n et ea rn
in g s y e a rs 1 8 9 0 to 1 89 2 , $ 2 1 9 ,8 8 3 .
B K C im sN SH lt’.—On J u n e 1 ,1 8 9 7 , S a m u el M. Eel ton w a s a p p o in te d
r e c e iv e r . V.- 6 4 . p . 1 3 4 ,2 3 3 ,1 0 8 8 . Issue o f $
o f re c e iv e r's c e r
tific a te s a u th o riz e d In J u n e . 1 897; p ro ce e d s f o r term in a l Interest, e tc .
R e o a o . v t / . . n o * C‘ »M M ir ri;K .-A p la n w ill b e su b m itted b y th e f o l
lo w in g co m m itte e ; C hairm an, Loitl* F itzg era ld . T h om a s n u th o u s e . L.
C. W eir, F. K . S tu rg is an d J . G . fle sh ie r ; S e cre ta ry , A . W. K revh, 120
B ro a d w a y , S e w F o rk .— V. 6 4 . p. 4 2 3 . Interest f a gzsru G Z a n esville
T e rm in a l In terest d u e J u l y 1 , and p r io r Men In terest d u e O ct. 1 , 1 89 7 ,
w e r e n o t p a id .
t o o k . —C om m on , $ 7 ,5 0 0 ,0 0 0 a u th o r iz e d ; o u ts ta n d in g D e c ., 1 8 9 6 ,
$ 3 ,3 4 8 ,3 9 2 ; p ref. 4 p. C-, ca m ., $ 4 ,1 0 0 ,0 0 0 ; p a r, $ 1 0 0 .
BoWDC—F tart m o rtg a g e b o n d s w e r e t o p a y o ld c a r tru s ts, $ 1 ,1 1 0 ,6 7 7 ;
o ld flo a tin g d e b t, $ 7 0 3 ,1 0 7 ; Im p rov em en ts a n d e q u ip m e n t, $ 18 0 ,0 0 0 .
O n ly $ 6 9 0 ,0 0 0 H r. to h a v e been sold .
O f tun gen era l m o rtg a g e b on d * (tru stee. M e tro p o lita n T ru st C o d —
t o t a l issue $ 1 0 ,0 0 0 ,0 0 0 —# 2 .5 4 4 ,0 0 0 to b e p la c e d to tru st « e fo llo w s ;
$ ,
t o r r e d e m p tio n o f p r io r lie n b on d s, $
fo r rea l M a t e
n o te s, $ 8 9 ,0 0 0 to r tam pon n o te s a n d $ 2 9 9 ,0 0 0 fo r su rp lu s b o n d s to
c o v e r d iscou n t*. T h e g e n e r a ls " b e a r Interest: d u r in g y ea rs 1 8 9 8 an d
1 897 a t % p e r ce n t, d u r in g 1 898 an d 1 88 8 a t 3 p e r c e n t a n d th e re
a fte r a t p e r c e n t. G en era l m o r tg a g e co u p o n * d u e J u ly 1 . 181H5, an d
J a n u a ry 1 ,1 * 9 7 , w ere p a id In first m o r tg a g e s c r ip In J u ly 1 896 On
J u n e 3 0 ,1 8 9 6 , In a d d itio n t o tb s s e cu ritie s g iv e n In th e ta b ic a b o v e ,
th e re w e re a l » o u ts ta n d in g n ote* p a y a b le , $4-14,337.
L a t e st E jubhno *—'7 m o*. i 1 8 9 8 7 . . G ross, $ 4 9 8 ,0 0 1 ; n et, $ 1 2 0 ,3 2 *
J u ly 1 t o J a n . 3 1 .
< 1 8 9 5 - 6 . ,..fire * * , 5 9 5 ,5 3 1 ; net, 1 6 3 .98 3
Jan . 1 to June
(5 h m n «.i, g r o s s .$ 8 4 8 3 7 $ to 1807; $ 3 1 2 ,9 0 9 In *08.
A s N t u i. R * k »kt .— R e p o r t fo r 1893-6 w a s In V . 83, p . 6 0 0 a n d 835 .
tta r t ending June 30—
1 HOC
1995.
O res* e a r n i n g * .............................................
$ 9 0 3 ,2 9 6
$ 8 2 8 ,1 5 6
B e t e a rn in g * ..................................................................... 2 0 6 ,43 1
149 ,85 7
T a r e s and ren ta l .. .................................................... 101.171
94,7 81
In te re s t, p a r tly p a id In s c r i p ....... ........................ 1 5 9 ,5 7 1
..............
—(V . 6 4 , p. 134, 2 3 3 . 123 , 6 6 3 , 1 0 8 6 ,1 1 3 7 ,1
C o n n e c t i c u t H t v e r U K . —O w n s fro m S prin gfield , M ass., t o
K een e, V H ,, 7 4 tttllea (d o u td c tra ck e d , 3 6 m ile s ); b ra n ch e s, tulles.
L e s s * .—Le a sed fo r 9 9 yea rs fro m J an . 1. 1 893, to th e B oston A
M aine, a nnu al re n ta l (as a m e n d e d O c t 1 0, 1 8 9 1 ) b e in g 10 p e r c e n t p er
a nnu m on ca p ita l s to c k i, p a y a b le d ir e c tly to t h e s to c k h o ld e rs in sem i
a n n u a l Instalm ent* J an . 1 a n d J u l y 1, an d to a d d itio n th e re to in te re st
o n 4 p e r ca n t bond * a n d s crip a n d $ 2 ,0 0 0 f o r o r g a n iz a tio n e x p e n se s.
L e sse e p a y* all ta x e s, o p e r a tin g e x p e n se s, e t c ., b u t le ss o r shall Issue
It* s to c k o r b on d s t o m eet th e oust o f p e rm a n e n t Im p ro v e m e n ts,
D iv i d e n d s 1 878 t o 1 892 in clu s iv e 8 p er e e n t tier an n u m , an d n o w
u n d er le a se 10 p e r ce n t. In J a n u a ry , 1893, p a id *» p e r e e n t e x tra .
B o n d *.—I n 1 893 $ 1 ,0 0 0 ,0 0 0 b o n d s w e re s o ld t o p a y flo a tin g d e b t;
to ta l p roflt an d loss d e ficit J u n e 3 0 , 1890, $ 3 0 0 ,4 6 3 . (V . 6 1, p . 4 7 0 .)
200,000
8
2 000,000
200,000
2
4
21
6
6
6
Connecting Ky. ( P h i l a d e l p h i a ) . — O w ns from M antua J u n c tio n
to F ra n k ford J u n ctio n , P a ., 6 -73 m ile s ; to ta l m ilea ge In clu d in g 2 d, 3 d,
4th tra ck * and sid in g s, 47 m iles. L eased t o P h ila d elp h ia A T re n to n f o r
9 9 9 yea rs, an d w ith th a t ro a d o p e ra te d b y P en n sy lv a n ia R ailro a d .
R en tal p a y * Interest, t a x e s an d (> p e r oen t o n $ 1 ,2 7 8 ,3 0 0 oupltal s to c k
(p a r $ 5 0 )—o f w h leh $ 1 ,2 7 7 ,7 0 0 o w n e d b y P e n n sy lv a n ia R a ilro a d .
C urren t lia b ilitie s D e c e m b e r 3 1 , 1S95. $ 1 ,2 5 9 ,5 7 2 .
C o n n e c t i n g T c - m l n a l H R . ( B u f f a l o ) . —O w ns a te rm in a l ro a d
o n e unto lo n g In B u ffa lo. N. Y . Mtouk $ 2 0 ,0 0 0 {p a r $ 3 0 0 ) C on trolled lu
sam e in te re s t a - the E rie A W estern T ra n s p o rta tio n w h o se b o n d s
(a u th orized t**ue f U M O O i are gu a ra n te e d p rin c ip a l and In te re st
b y en d o rse m e n t. O th e r to d a b b -d n e * . J u n e 3 0 , 1 805, $ 8 0 ,6 0 0 . In y e a r
139 4 -9 5, g ro ss, $ 1 4 0 ,7 9 3 : n et, $ 7 9 ,2 2 6 ; o t h e r In co m e , $ 1 3 ,3 8 4 ; Interest
p a id , $ 2 3 ,0 0 0 ; ta x e s , $ 3 ,6 2 2 ; d iv id e n d s
p. e.>, $ 7 ,2 0 0 .
(6
Cornw all
Lebanon K K ,—O w n s
L ebanon, P a „ to C o n e w a g o ,
2 2 m ile * ; b r a n c h e s ,3 tulle*. D iv id en d *, f o r m e r ly 4 t o
per oent
y e a rly , w ere In 1393
p. c.; a lso In 1892-93 p a id a s p e c ia l d iv id e n d
o f 13 p. c,; in 1894. F e b .. 2 p. c.t to 1805, A u g .. 2 p. c.; in 1899. 4
p . e.; In 1 39 7 . F o b .. 2 p e : A u g ., 1 p. « . In y e a r e n d in g J u n e 3 0 ,1 8 9 6 ,
Bros*. $ 2 7 2 ,9 6 0 ; n e t, $ 1 4 3 ,8 7 8 ; in te re st, $ 1 0 ,0 0 0 ; ta x e s, $ 9 ,1 9 2 ; d i v i
C o l u m b u s S o u t h e r n I t y .—C on solid a ted w ith G e o r g ia * A la d e n d s (4 p. c. i, $ 3 2 ,0 0 0 ; b ala n ce to r y e a r, $ 6 2 ,7 3 6 . In y e a r 1894-95,
g ro s* . $ 2 1 5 ,8 0 4 ; net, $ 1 0 7 ,0 4 0 . C ar tru st s, J u ly , '9 6 , $ 1 1 0 ,0 0 0 .— V.
b a m a (w h ic h see) to J a n u a ry , 1897. tV . S 3, p , 1 1 1 5 .)
6 4, p. 6,o-. V . ft, p . 571,
C o l u m b u s A Xenia H i t , —O w n s fr o m C oltim bn *, O ,, t o X e n ia , O.,
C r e a s o n A I r v o n a U K . —O w ns fro m C ntsson, P a., to I r v o n a , P a „
9 5 m iles. O p erated as a d iv ision o f the Little M iam i, an d I* leased fo r
7 ntlles, an d b ra n ch to R ich la n d M in es, 2 m iles, S u cce sso r t o the
99 years from fiecember. 1869. In connection with that road, to the Pitt* 2Crassot!
A C learfield C o u n ty A S e w Y ork S h ort R o u te R R „ w h ich w as
b a r * CSnetanstt C h ica go A St. Lottia, w h ic h p a y * p e r c e n t on stock .
The lease 1* gu aran teed b y th e P e n n sy lv a n ia R a ilro a d C om p a n y . The b o u g h t In In te re st o f P e n n sy lv a n ia R R . a t fo re clo s u re sale e a rly to
1894.
The
ro a d I* o p e ra te d bv P enn . R R . f o r n et e a rn in g s. S to c k ,
O olum bu* A X e n ia p a y * % p e r c e n t d iv id e n d ( '» o u t o f asset*) p er
an n u m , 2 IS p e t cent March 10 a n d S ep tem b er 10 an d 2 p e r ce n t J u n e $ 5 0 0 ,0 0 0 ; par, $ 5 0 . A ll o w n e d b y P enn a. 118. E arnings f o r y e a r
e
n
d
in
g
D
eo.
3 1 , 1896, g ro s* . $ >6,757; net. $ 1 ,7 1 0 . In 1 89 5 , g ro ss ,
10 an d D ec. 10.
$ 5 1 ,1 7 1 ; net, $ 5 ,7 3 5 ; In tere-t, t.ucea, e t c ., $ 2 3 ,3 2 0 .
C o n c o r d A M o n t r e a l I t f t , —O p erate* fro m N ashua, .V. R , v ia
Cumberland A Ohio H R .—(SeeMap Louisville «f Nashville..)—
Concord, P lym ou th , e t c ., t o G r o v e ton a n d th e W hite M ou n tain *, 4 5 0
m ile* to a ll, ftn eln d ln g M anchester A K een e. 3 0 m ile*, ow n e d jo in t ly , O w n s a* f o l l o w s S o u t h e r n D iv is io n , C u m berla n d & O h io J u n c tio n to
G re cn sh u rg , K y „ 31 m ile*; N o rth e rn D iv is io n , S h o lb y v lllo to B lo o m
a n d 6 m ile* o p era ted fo r L u m b er C o .), o f w bteh 3 9 in. d o a b le tra ck .
field, 2 7 m iles. T h e S o u th e rn D iv is io n w as le a se d to L. A N, Sept. 19,
L b a s e .—On J u n e 2 9, 1 9 9 5 , lea sed to B o sto n A M a in e fo r 91 1 8 7 8 . f o r 2 3 ye a rs, a n d th e 7s o f 1 898 gu a ra n te e d p rin cip a l a n d in te r
y e a r s a t ren ta l o f 7 p , c. p e r a n n u m o n all s to c k , IV. B t. p. 2 7, j / j . )
est. T h e N orth ern D iv is io n w a s lea sed , net e a rn in g s to b e a p p lie d to
In J u n e . 1 8 9 7 , Issued $ 6 5 0 ,0 0 0 d e b e n tu re 4* to reim b u rse B o s to n A in te re st, hut In terest w e n t u n p a id , a w l o n J a n . 2 1 , 1 89 6 , J o h n A . M b!
M arne fo r m o n e y a d v a n ce d ou M a n ch ester A L a w re n ce cla im .
d le to n w as a p p o in te d re ce iv e r. I n A u g u st, 1 89 7 , fo r e c lo s u r e s u it
Report.—Balance sheet of June 30,1896, V. 63, p. 700. The earnings b ro u g h t u n d e r N o rth e rn D iv is io n m o rtg a g e . (V . 6 5 , p. 3 2 7 . I n y e a r
are not now reported separately. For 1894-95 gross, *2.477,199; net 1 8 9 5 -9 6 n e t ea rn in g * o f S outhern D iv is io n , $ 1 1 ,4 5 3 . a g a in s t $ 1 4 ,0 0 1
$782,396; other income. *25,103; taxes paid, $111,958; rentals to 189 4 -9 5; and o f N orthern D iv „ g r o ss , w ere $ 2 2 ,8 1 3 , a g a in s t $ 3 8 ,8 8 0
$77,704; Interest, $234,02$; dividends, $360,000; balance, surplus to 1 8 9 4 -9 5 .— (V . 6 2. p. 2 7 7 ; V . 6 5, p. 3 27.)
$4,312. (V. 03, p. 700, V. 04, p. 11*1; V. 65, p. 26.)
Cumberland A Pennsylvania H R .—O w n s fr o m C u m berla n d ,
C on cord *
P o r t s m o u t h I t K . —O w n * P ortsm ou th , N. II., to M d ., so P ie d m o n t, M d „ and several b ra n ch e s, 5 7 m ile s . O w n ed a n d o p e r
a
te
d b y C on solid a tion C oal C o., w h leh g u a ra n te e s b y e n d o rse m e n t th e
M ane tie* ter, V. II,, 40•» m iles, and b ra n ch 7 m ile*. Leased to C o n co rd
first m ortga ge. V 5 2, p , 390 , S tock , * 1 ,8 0 0 ,0 0 0 ; p a r, $ 1 0 0 .
K B . to 1862 f o r 8 9 year*. Leas*, ren ta l, $ 2 9 ,0 0 0 ; 7 p e r ce n t o n stock .
Cumberland V a l l e y K R . —O w n s fro m H a rrisb u rg , Pa., t o P o t o m a o
O e a S o e n c e A O a k l a n d H i t -O w n * r o a d fro m C o n flu e n c e , R iv e r, M d., 3 2 m iles (and w ith leased lin e s o p e ra te s t o W in ch ester, a
P a ., t o Y o u g h M a n or, M d., 2 0 m ile -; b u ilt In 1 88 9 . L eased to B. A O. to ta l d ista n ce o f 116 m ile*). I t lea ses—C u m berla n d V a lle y A M a rtln sM ay 1 ,1 8 9,,), fo r 9 9 9 y e a r s , n ttg a i b e in g In terest bn b on d s, 1 1 . 4 0 . b n rg R a ilro a d , 3 4 m iles; D lllsb u rg A M eebanlcetm rg R ailro a d , 9 m iles;
a lso a grees t o a c c e p t an d <s*fi«tel f 40.O
o f b u n d s p a r a n n u m in p a y S outhern P e n n sy lv a n ia R ailroa d , 21 tulles; c o n tr o ls M o n t A lto R a ilro a d ,
m ent o f fre ig h t on in tereh a n g e.l traffic, B on d s No*. 1 to 1 0 0 m a y b e 18 m iles; to ta l o p e r a te d , 165 m iles. (V . 6 1 , p . 152 .)
ca lle d ltd first fiv e y ea r*, b a la n ce in secon d Mv-> y e a r* . T ru ste e , FISTOCK. A u th orized , $ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g . $ 1 ,2 9 2 ,9 5 0 c o m m o n ,
n a a oe Oo. o f P en n sy lv a n ia , b lo c k * *
.
.
$ 2 4 1 ,9 0 0 first p re f. a n d $ 2 4 8 ,0 0 0 s e co n d p ro f.; o f th is $ 9 7 5 ,8 0 0 c o m
C o n n e c t i c u t A- P a s s n m p e t e H i r e r * U K . —Owns White River m on a n d $ 2 3 7 ,2 0 0 p re fe rr e d a re o w n e d b y P e n n sy lv a n ia R R . Co.
J u n c tio n , Ft,, to C an ad a Line, H O n . ; leases to r 9 9 9 y e a rs M asuaw lppl
D i v i d e n d s , —In 1 880 to 1 8 8 4 , 10 per e e n t y e a rly ; f r o m 1 8 8 5 , t o
V a lle y , 3 7 m.
O c to b e r , 1897, b o th In clu siv e , a t ra te o f p e r ce n t ye a rly .
LkUMt.—From January 1, 1387, leased to the Boston A
E arnings ,
m o n t h s ,) 1 8 9 7 ............. G ro ss, $ 5 0 6 ,5 8 4 ; n e t, $ 1 4 7 ,2 7 8
Lowell for 99 years on a basis to pay CoaneotSeit. ,k PaatiBapelo stock
J an . 1 to A m . 31. { 1 8 9 6 ....... ..G ross, 5 4 3 ,7 2 0 ; n e t, 1 5 9 ,2 8 3
5 per cent Mil January. 1397. Inclusive, end a per cent thereafter,
R e p o r t fo r 1 89 6 w as in V. 6 4 , p. 468 , E arn in g s e n tire lin e as fo llo w s :
August, 1817,dividend being 3 per cent, lb October. 1887, the Boston
A 1st wet I, , '.rrytre this rood, was waited to Boston A Maine. Stock
Year.
Gross
Net
Tnl,r.tc,
DMnentle.
Bal..surp,
authorized, $3,000,000; outstanding, a* In table
1 8 9 6 .......... $ 8 6 2 ,3 9 5 $ 2 2 0 ,7 6 7 $ 4 2 ,8 4 3
p .c..)$142,228
$ 4 1 ,f i f e
1 3 9 5 .......... 8 8 9 ,1 5 7
2 3 9 ,5 9 7
4 5 ,1 3 8
p .o .) 1 4 2 ,2 2 8
5 2 ,2 3 1
S k c o a m k * .— 'd a ssa w ip p l s to c k re ceiv e* sam e d iv id e n d s as stock o
- V . 61. p. 1 5 2 . V. 0 2, p. 5 4 6 ; V. 04, p . 4 6 7 .
le ss e e ,fin d $
o f ft [nut in clu d e
n th e a m o u n t o u ts ta n d in g
A
4*3
6
6
6
8
8
>0
1 200000
-8
100,000
8
(8
(8
4S
INVESTORS’
SUPPLEMENT.
|\oi. L X V
S u b scrib e r* w i l l c o n fe r a g r e a t fa v o r by g iv in g im m e d ia t e n o tic e o f a n y e rr o r d isc o v e re d in th ese T a b le s .
B on d s— Prim■
:INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Dm.
Par
of
of
Rate
Per
When
Where
Payable,
and
by
Stocks —Last
For explanation of column headings, Ac., see note
Road. Bonds Value. Outstanding Cent. Payable
Whom.
Dividend.
on first page of tables.
O um berVd <£ Ohio—So.Div.lstM., p.&i. gu.byL.&N,
Northern Division 1st mortgage.......................
C um berland <£ P en n sylva n ia — 1st mort. gold, guar
Cum berland Valley— Stock ($484,900 is preferred).
1st and 2d ms., gold (2d$109,500 due Apr, 1908.)
D a lla s Term l. B y. & U nion D t p — M. $500,000, g.c*
D a n b u ry <fi N orw alk —See New York New Haven
D a ylon <£ M ich.— Com. st’k (3*2p.c. guar.C.H.&D.)..
Preferred (8 p. c. gnar. C. H. A D.) endorsed.......
1st mortgage, guar. p. A i. end by C. H. & D— c
D a yton & u n ion — 1st mort., sink, fund (notdrawn)c
Income mortgage bonds, sinking fund........ — r
D a ylon <t Western— 1st M., guar. L. M. and C. & X.c
Delaw are —Stock............................ ------- --------General mortgage, 6er. A, for $2,000,000, gold.c*
D el. <£ B ou n d B r .— Stock—8 p. c. gu. Pliila. A Read.
1st mortgage..........................................—
1st mort. on Trenton Br., 2d mort. on mam line.
D elaw are <&Chesapeake— ] st M., guar. p. & i., cur.c
D elaw are
H u dson Canal —Stock.........................
1st mort. on Pennsylvania Div. ($10,000,000)c&r
Bluff Point Land Improve. Co. 1st M.,gold,guar.c*
D elaw are La ck a w a n n a <£ Western —Stock..............
Con. M. now 1st M.onroaa Aequtp ($10,000,000)c
D elaw are M a ryla n d dt V irginia —Stock..................
Junction A B.—1st m. to State, red. aft. Jan. ’95..
Junction A Breakwater 2d mortgage............... o*
Break. A Frank. 1st m. to State, rea. aft. Jan.’95.
WorcesterRR. lst.M. (matured Apr. 1,’96) gold.c*
D elaw are <
£•N ew E n g la n d — Trust certificates...
57 1891
*82 1856
1895
A H
a
142
32
32
37
117
117
*27
4
54
RTFOR
1871
1881
1879
1879
1864
1892
1875
1879
1882
1877
1890
195 1877
*44 1860
44 1879
19 1874
35 1876
100
$300,000
300,000
50
1,777,850
500 Ac.
270,500
1,000
80,000
D.
50
2,403,,243
50
1 , 211 ,,250
1,000
2,728,,000
1,000
225,,000
1,0 >0
5,000
1,000
495,,000
25
2,687, 325
1,000
500, 000
100
1,800, 000
1,000
1,500. 000
1,000
300, 000
1,000
400, 000
100 35,000, 000
l,000Ac 5,000, 000
1,000
300;000
50 26,200.000
1,000
3,067;,000
25
526 ,758
i8s; ,000
1,000
250; 000
200. 000
500 Ac.
4oo; 000
7,750;,400
1,000
D a lla s T e r m in a l R y . Sc U n io n D e p o t.—Terminal property
at Dallas, Texas, and 5 miles road in Dallas. Proposes to build
to Fort Worth, 31 miles. Began operating Sept. 25, 1896. Stock
authorized, $500,000 (par $100); paid in, $38,700. The St. Louis Trust
Co. is the mortgage trustee. President is W. G. Connor.
D a y to n Sc M ic h ig a n H R . — (£e e M a p C in cin n a ti H a m ilton <&D.)
—Owns Dayton, O., to Toledo June., O., 141 miles, and leases Deshler to Findlay, 11 miles. Trackage (Lake Shore) into Toledo. Ik miles.
L e a s e .— Leased May 1,1863, in perpetuity to Cincinnati Hamilton A
Dayton. Rental is the interest and sinking fund of debt, and 8 per
cent on preferred stock and 3k per cent on common.
S e c u r i t i e s .— Guaranty on preferred is secured by mortgage of 1871,
but the preferred carries no voting power. V. 56, p. 813. Mortgage of
1856 is held alive under mortg. of 1881, which is therefore a first lien.
E a r n i n g s .— Gross earnings in year ending June 30, 1895 (including
Troy & Piqua branch. 8 miles), were $1,877,695; net, $666,591; in
terest, $136,400; dividends, $180,788; bal., surplus, $349,403. In
1893-94, gross, $1,594,166. Current liabilities July 1, 1894, $952,453.
D a y to n N o r th e r n R y . - Incorporated in Dec., 1896, and pro
jected from Franklin (near Dayton, O.) to Lima. To connect at
Franklin wiih “ Big Four” aud Cin. Jack. & Mackinaw and at Lima
with Lima Northern. Capital stock $10,000,0u0. Incorporators are
James B. Townsend, W. B. Ritchie, C. M. Haskell Edward R. Thomas,
W. C. Brown and J. k. Megrue.
D a y to n Sc U n io n R U . - Owns from Dodson, O., to Union City>
Ind.. 32 miles; leases Dayton to Dodsdon, 15 miles; total operated, 47
miles. Operated by Cleveland Cinn. Chicago & St. Louis, which, jointly
with the Cincinnati Hamilton A Dayton, owns the capital stock.
Trustee of 1st mortgage (in June, 1896.) Central Trust A S. D. Co. of
Cincinnati. All surplus earnings over interest goes to a sinking fund
for the redemption of bonds at not above 100. Capital stock, $86,300.
For year ending Oct. 31, 1896, gross, $135,211; net, $44,596; charges,
$19,794; balance, surplus, $24,802. In 1894-5 gross, $148,813.
D a y to n Sc W e s t e r n R R , —Owns from Dayton, O., to State line,
Ind., 37 miles, and leases 4 miles to Richmond, Ind. Leased from Jan. 1,
1865, for 99 years, renewable forever, to Little Miami, and so operated
by Pittsb. Cin. Chic. A St. Louis. Under terms of the lease, upon pay
ment of the D. A W. bonds the Little Miami will become sole owner
of the D. A W. Of bonds $32,000 are 7s. No stock.
D e la w a r e R R . —Owns from Delaware Junction (Phila.Wilm. &Bal
timore), Del., to Delrnar (Maryland line), 95 miles; branches, 22 miles,
Leased till May 13,1927, to the Philadelphia Wilmington A Balt.,
which owns $1,364,675 of the stock. Lease of 1889 expired in 1897,
when new lease for 30 years was made, rental being net earnings—see
V. 64, p. 1000. Under the- old lease 6 per cent was guaranteed on the
stock; dividends will hereafter be dependent on earnings. In year
ending October 31, 1896, gross, $l,2y6,359; net, $466,209; interest
and taxes, $50,350; dividends, $161,240; balance, surplus for year,
$254,619.—V. 64, p. 1000.
D e la w a r e Sc B o u n d B r o o k R R . —Owns from Bound Brook
(Central of N. J.) to Delaware River, 27 miles; branch to Trenton, 3;
second track 27 miles; all track 73 miles. In May, 1879, leased for 990
years to Philadelphia A Reading RR. for $275,000, paying interest and
8 per cent on stock; lease assumed by Phila. A Reading R ailw a y.
D e la w a r e Sc C h e sa p e a k e R y .— Clayton, Del., to Oxford, Md., 54
miles. Phila. Wilm. A Balto. owns all the stock ($600,000), and oper
ates the line, guaranteeing the bonds principal and interest. Earnings
for year 1895-96, gross, $L19,363; neT, $28,774; interest and taxes,
$20,230.
D e la w a r e & H u d s o n C a n a l C o .—(See M a p .)—Owns canal from
Rondout, N. Y., to Honesdale, Pa., 108 miles (completed in 1828), and
operates railroad lines extending from Wilkesbarre, Pa., via Albany,
N. Y.,to Rouse’s Point, on Canada line, with branches, 685 miles in
all. The system is well shown on the adjoining map, and includes:
L in e s ow n ed —
M iles.
L in eslea sed —IfSeethese cos. M iles.
Lackawanna A Susquehanna.. 22 UAlbany A Susquehanna......... 142
Valley RR. of Pa................... 17 ITNew York A Canada............. 150
Gravity RR..............
56 URensselaer A Saratoga.......... 192
Schenectady A Mechanioville. 10 UUnion RR............................. 22
11Cherry Val. Sharon A Albany 21 ITJefferson RR. (trackage)....... 35
liSchenectady & Duanesburg.. 14 Other lines............................. 4
Total operated..................... ................................................... 685
Al.so leases Utica Clinton A Binghamton and Rome A Clinton RR.,
44 miles, sub-let to New York Ontario A Western.
H i s t o r y . E t c .— This company was chartered April 7,1823. It is
one of the largest miners ana carriers of anthracite coal.
D iv id e n d s
----W81. ’82. ’83. ’84. ’85. ’86. ’87. ’88. ’89 to ’96. ’97.
‘Since’80, p. c...... <41a 7 7 7
6 5 5 6 7 yearly. 5
Dividends for 1897 lixed at 5 p. c., payable quarterly.—(V. 64, p. 82.)
B o n d s .— Adirondack Railroad bonds carry the endorsed guaranteof the D. A H. as to principal and interest. See that company. In 1896
$1,000,000 N. Y. & Canada debentures were issued and guaranteed—
see that company. On Dec. 31, 1896, loans payable were $1,300,000.
A n n u a l R e f o r t .— Fiscal year ends Dec. 31. Annual meeting is held
onthesecond Tuesday in May. Report f o r 1 8 9 6 was in C h r o n i c l e ,
1 , 00 0 ,0 0 0
M. A S. N.Y., L.&N., 120 B’way Sept. 2, 1898
J. & D.
7
1899
5 g. M. A N. Guar. Trust Co. of N. Y. May 1, 1921
8 in 1897 Q.-J. Phila. A Chambersburg. Oct. 1. '97,2%
do
do
Apr. 1,1904-8
8 g- A. & O.
6 g. J. & J. St.Louis, St. Lou.Tr.Co. July 1,1925
3^ A. & O.
Cincinnati,
Oct. 1, ’97, 13*
do
8
Oct. 5, ’97,2%
Q.-J.
J. & J N.Y., Kessler A Co., Cin. Jan. 1, 1911
5
J. A D. N. Y., Am. Exch.Nat.Bk. Deo. 1, 1909
7
J. & D.
6
After 1910
6 & 7 J & J. N. Y., Bank of America. Jan. 1, 1905
See text. J. & J.
Checks mailed,
July,’97,3%
do
July 1, 1932
4^ g. J. & J.
Q.-F. Phila., 240 So. Third St. Aug.20,’97,2%
8
F. A A. Phila., Guar.T.&S.D.Co. Aug. 1, 1905
7
M. A N. Pliila., Of., 240 So.3dSt. May 1, 1899
6
4
F. A A. Pliila.,Broad St.8tat:on Feb. 1, 1912
Mch. N.Y.Of.,21 CortlandtSt. Sep. 15,’97,lk
5 in 1897
do
do
& S.
7
Sept. 1, 1917
do
do
Jan. 1, 1940
4= g- J. & J.
7 in 1897 Q.-J. N. Y., 26 Exchange PI. Oct. 20,’97,lk
do
do
M. A S.
7
Sept. 1, 1907
*3* J. & J. Phila., Broad St.Station Jan. 1, 1932
F. & A.
4
do
do
Feb., 1899
do
do
J. A J.
3
Jan. 1, 1932
do
do
Overdue.
4 g- A. A O.
r
V. 64, p. 370. See also editorials p. 213 and 349. Coal (anthracite)
carried in 1896, 5,835,621 tons; in 1895, 6,151,147 ; in 1894, 5,751,386; in 1893, 6,177,659.
Y ea r en d in g D ec. 31.
1896.
1895.
1894.
1893.
Receipts from coal. $7,778,225 $7,369,379 $7,864,154 $9,939,648
Railroads........... 10,201,634 10,129,182 9,448,993 10,212,412
566,584 1,321,157
755,074
520,258
Miscellaneous---Total............... $18,546,443 $18,819,618 $18,068,221 $20,672,318
Net.................. $4,852,644 $5,442,885 $5,538,673 $6,622,187
Int.,taxes A rentals.
3,087,631 3,078,492 3,319,960 3,407,637
Balance for stock.
$1,765,013 $2,364,393 $2,218,713 $3,214,550
Dividends, 7 per ct.
$2,450,000 $2,450,000 $2,187,500 $2,100,000
—(V. 64, p. 54, 82, 181, 213, 231, 234, 349, 370, 952; V. 65, p. 194.)
D e la w a r e L a c k a w a n n a Sc W e s t e r n R R , —R o a d - Operates
main line from Hoboken, N. J., opposite N. Y. City, to Buffalo, N. Y.,
409 miles, with branches to coal region, etc., 492 miles, including:
L in e s ow ned —
M iles. I L in e slea s ed —ITSee eachco. M iles .
N. J. State line to N. Y. line----115 TTSyracuse Bing. A N.Y........... 81
Br’nohestoN’rthumberrnd,Ao. 80 I ifUtica Chenango A Susq........105
L in e s leased—
\ ITValley RR. of N. Y.............. 12
ITMorris A Essex and branches. 157 I ITWarren................................ 18
1TN.Y. Lackawanna A Western.214 Sussex, Ao............................. 50
ifCayuga A Susquehanna....... 34
---ITOswego A Syracuse.............. 35 | Total operated.................. 901
H i s t o r y , E t c .—This is one of the most important of the anthracite
coal roads. No sub-companies (coal aud mining) are controlled, the rail
road owning its mines. Original company chartered in 1849 ; present
title assumed in 1853. Its leased lines are mostly held under long
leases, and the system is compact. In 1894 representatives of the
Vanderbilts entered the directory. See V. 57, p. 721.
D iv id e n d s —
5I 88L
’82-’84
’85
’86 t o Oct.,’ 9 7
Since 1880, p. c. ( 6%
8 yearly
7%
7 yearly.
G e n e r a l F i n a n c e s .— On Jan. 1, 1897, cash on hand, $1,156,587;
coal on hand, $2,409,923; advances to leased roads, $995,534; ac
counts receivable, $3,604,932 ; total, $8,166,976; accounts payable,
$9,635,883, of which $3,287,680 was paid in January.—V. 64, p. 231.
E a r n i n g s . — The leased lin es in New York State for fiscal year ending
June 30,1897: Gross, $7,625,190 ; net, $3,675,920; balance, surplus,
over interest and taxes, $1,147,485. In 1895-96 gross, $8,827,846:
net, $4,710,821.
A n n u a l R e p o r t .— Fiscal year ends Dec. 3 1 . Annual meeting i s held
on the Tuesday preceding the last Friday in February. The report for
1896, with balance sheet, was in C h r o n i c l e , V. 64, p. 231. The fol
lowing includes all lines except Syr. Bingh’ton AN. Y. ana Sussex RR.:
Y ea r en d . D ec. 31.
1896.
1895.
1894.
1893.
Passenger earnings $3,406,492 $3,486,691 $3,550,504 $3,820,908
Freight earnings... 15,349,104 16,048,893 15,526,193 17,363,117
Miscellaneous.......
2,647,909 2,738,686 2,735,744 2,983,250
$21,403,505 $22,274,270 $21,812,441 $24,167,275
Coal receipts, etc... 22,896,382 21,927,639 21,246,421 24,623,698
Total gross receipts.$44,299,887 $44,201,909 $43,058,862 $48,790,973
RR. o per. ex. A tax. 14,069,136 13,834,420 14,645,398 16,479,729
Mining, &•., expen. 23,499,772 23,606,589 21,363,797 24,057,843
Net receipts......
Interest and rentals.
Dividends (7p. 0)...
6,730,979
5,406,239
1,834,000
6,760,900 7,049.667
5,406,239 5,412,323
1,834,000 1,834,000
8,253,401
5,360,490
1,834,000
Balance after divs. .def.$509,260 df.$479,339 df.$196,656 sr.$1.058,911
-(V. 63, p. 268, 879; V. 64, p. 181, 231,423, 952: V. 65, p. 277.)
D e la w a r e M a r y la n d Sc V ir g in ia R R . —Owns from Harrington
to Rehoboth, Del., 44 miles; Georgetown to Franklin City, Va., 54 miles;
total, 98 miles. Controlled by Philadelphia Wilmington A Baltimore,
which owns $326,200 of stock, and so by Pennsylvania Railroad. See
V. 50, p. 498. Loans and bills payable, Oct. 31, 1896, $415,233: other
floating debt, $192,066. In year ending Oct. 31,1896, gross, $230,927;
net, $39,634; int. 011 bonds, $37,550; int. on equipment, $4,695; taxes,
$2,669; bal. deficit for year. $5,280, but this does not include interest
on the floating debt of $607,299. In 1894-5, net, $61,168.
D e la w a r e R iv e r R R . Sc B r id g e <"0 .—Owns a bridge over the
Delaware Ri^er near Philadelphia and abour, 10 miles of connecting
railroad. Capital stock ($1,300,000) is all owned by the Pennsylvania
RR., which guarantees the bonds, principal and interest, by endorse
ment on each. Sinking fund is one per cent, but bonds cannot be
called. See description of bonds aud guaranty iu V. 63, p. 1062.
I n d e x .— V. 63, p. 153, 1011,1062, 1159.
D e la w a r e S u s q u e h a n n a Sc S c h u y lk ill R R . —Owns main line
from Drifton, Pa., to Go wen, Pa., 31 miles; branches, 17 miles; total
owned, 48 miles. Trackage—Lehigh Valley RR., etc., 133 miles.
Opened Feb. 15, 1892. The road is controlled by Coxe Brothers A Co.,
the coal miners. D i v i d e n d s Oct. 18,1892, 40 p. c. in cash; Nov. 25,
R A1LKO AD
October , 1S$*7.J
MAP OF THE
STOCKS A N D
BO N D S
49
0
DELAW ARE & HUDSON
CANAL COMPANY’S
Faraham
‘St.John?
Sutton Je,
RAILROAD& CANAL SYSTEM,
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Ft,CorlugtoS'
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IARTF01
BSTVESTORS'
50
SUPPLEMENT.
[VOL. LX Y .
B on d s— Prinol INTERE8T OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or Amount
Par Outstanding Kate Per When Where Payable, and by Stocks— Last
of
For explanation of column headings, &e., see notes of
Value.
Whom.
Dividend.
Bonds
Payable
Road.
Cent.
on first page of tables.
D ela w a re R iv er R R . A B r id g e —
1st M., $1,300,000, cold, guar. p.«fci.,Penn.RR o*
(auth. $1,500,000)
1st mortgage bonds ($1,500,000) gold... .. — c* 4'8
D en ison A N orth . Jib/.—Rec’ver’s cert,$11,000 p.m.
D en ver L ea d ville A G u n n ison —1st M., gold...c*at
D enver A R io Grande —Stock, com., ($45,500,000) .
Pref. stock, 5 per cent non-cum. ($28,000,000)...
1st mort. $1,000 gold or £206 sinking fund..o*&r 295
1st consol, mortgage (for $42,000,000) gold.c*«fer 1,621
Improvement Mort. ($5,000 per mile) gold.. -C*«fcr 1,621
Des M oines A F ort Dodge— Common stock......
Preferred stock, 7 p. c. non-cum................
88
1st M. Des M. to Ft. Dodge, Series A, int.guar.,erd
88
1st mort., Series B, income, int. guaranteed, end.
56
1st mort. on extern. Tara to Ruthven, int. guar.
112
D es M oin es A K a n sa s C ity —Stock, $10,000,000...
1st M. funding and imp. ($2,000,000), gold..c*&r 112
D es M oin es N orth ern A W . —1st M. $5,415,OOO.gold.c 150
3*7
Des M oin es U n ion —1st M. for $800,000, gold..... cx
Detroit B a y C ity A A l p — See D e t r o i t & M a c k i NAC.
189
Detroit G rand H a ven A M il. —1st equip. M. gu— c*
Consol, mort., guar, by Gr. Trunk of Can........ o* 189
65
Detroit Hillsdale A S. W .— St’k,4p. c. rental,L.S.&MS.
D elaw are Susq. A S. R R . —Stock
1896 $1,000
50
1894 1,000
1896
ioo
100
1871 500 &C.
1886 500 <feo.
500
1888
100
100
1,000
1874
1874 1,000
1881 1,000
100
1892 1,000
1895 1,000
1887 1,000
1878 1,000
1878 200 &c.
100
....
D etroit G rand R a p id s A 'W e s te r n C o m m o n stock..................................................
Preferred stock, 5 per cent................................
Tonia & Lansing 1st mort., ext. in 1889, guar..c*
1st consol, mort., $6,000,000, lawful m ney. ..c*
55 1869 1,000
350 1897 500 &c.
1893, 20 p. c. in cash and 50 p. c. in stock; Sept. 26, 1894, 262s p. o. in
cash. None since. Mortgage trustee Trust Co. of Norrh Am. Pbila.
E a r n i n g s . —Fiscal year ends June 30.
In year 1896-97 g r o s s *
$1,045,202: net, $186,376: charges, $40,908; b a h , s u r p lu s , $145,468-
In 1895-6, gross, $1,218,452; net, $194,002.
D e n v e r L e a d v ille & G u n n is o n B y ,-A narrow-gauge road from
Denver to Leadville, Col., 151 miles; Como to Baldwin Mine, 131 miles:
branches. 43 miles; total, $325 miles. The bonds were deposited to
secure $2,030,000 Union Pacific 4 h per cents of 1889, which are rep
resented by the following committee: Henry Budge, 26 Broad St.,
N. Y.; Charles A Peabody, Jr., and Henry De Coppet; all but $58,000
of the 4^8 have been deposited with this committee. Receiver is
Frank Trumbull, appointed in August, 1894. An order of sale was
applied for in Dec., 1895. but temporarily refused in Jan., 1896, pend
ing settlement of Union Pacificornss bills, etc. In year 1895-96, gross,
$737,871; net, $10*,345, against $51,010 in 1894-95; other income
$2,955: total deductions, $70,277; bal., sur., $42,023.—(V. 62,p. 139J
D e n v e r Ac R io G r a n d e HR.—
(S ee M a p )— R o a d — The lines of this
company, well shown on the adjoining map, reach all the important
points in Colorado, while its standard gauge line from Denver via Pueblo
westerly, via Leadville and Grand Junction, forms a link in the trans
continental route to Ogden, 8alt Lake City, &c., including:
M iles.
M iles.
Of the preceding:
Road owned and operated. ..1,586
Rio Gr. Jc. RR.,etc. (leased). 62 Standard gauge.................. 682
((Of which 296 is 3d rail.)
Leased to Rio Grande West.. 18
Narrow gauge only.............. 984
Total June 30,1896..........1,666 2d track and sidings............ 357
The U. P. Denver & Gulf use* Denver & Rio G. tracks from Walsenburg to Pueblo, 57 m„ at a rental of $85,000 per annum.—V. 61,p. 421.
History.—Reorganization of a ra ilw a y company of same name fore
closed July 12,1886. The Rio Grande Junction is leased jointly by
this company and the Colorado Midland, and its bonds guaranteed. In
July, 1895, the Rio Grande & Santa Fe (formerly Santa Fe Southern),
39 miles road, was acquired in interest of Den. & Rio G.—V. 63, p. 403.
Dividends since *£0 > 1891 1892 1893 1894 1895 1896 1897
on pref., per. cent...... s 2*2
0
2
0
0
2
2
Bonds.—Coupons of the fir s t m ortgage sevens are payable at option of
holder either in N. Y. City $35 U. S. gold, in London, £ 7 4s. 5d. sterling,
or in Amsterdam 86 florins, all free of U. S. taxes. Of the fir s t con
solidated gold bonds (United States Trust Co., trustee) $6,382,500 were
reserved to retire the fir s t sevens when due, and they can be issued at
Buch rates of interest up to 7 p. c. as will retire said bonds. Upon pay
ment of the first 7s the fir st consols will be a first lien on all the prop
erty, as they are now on about 1,300 miles of road and all the equip
ment. Consols for $6,900,000 are also reserved for extension to Ogden,
it deemed advisable. Those unissued may be used with the consent of
a majority of the preferred stock for extensions at not exceeding
$20,000 per mile. See abstract of mortgage in Chronicle, V. 47, p. 228.
The im p rovem en t m ortgage (U. S. Trust Co., trustee), is issued on the
property covered by the con solidated m ortgage , and so eovers all the
company’s property, following immediately after the consolidated.
Mortgage abstract in Chronicle, Y. 47, p. 229.
General Finances.—On June 30, 1897, the company held in its
treasury stocks and bonds valued at $1,920,042. The “ special renewal
fund” held $439,466 Denver & Rio Grande in 1895 advanced Rio
Grande Southern $169,839 in cash and endorsed $57*,498 notes given
for Rio Grande Southern floating debt, receiving therefor $671,000 Rio
Grande Southern firsts, one-hair of the stock, and all surplus earnings
over fixed charges, taxes, etc., for «ftiree years from Jan. 1, 1895.
Latest Earnings.—2 mos., >1897..Gross, $1,383,113; net, $591,421
July 1 to Aug. 31.
] 1896..Gross, 1,246,894; net, 510,84*
Annual Report.—Annual meeting is held at Denver the third Tues
day in October. Full report for 1896-97 in V. 65, p. 364, 371. See also
editorial, p. 350. Construction account was closed in September, 1891,
since when all improvements have been charged against income.
T ea r en d in g J u n e 30—
1897.
1896.
1895.
1894.
Average miles operated..
1,666
1,663
1,657
1,654
Aug. 1, 1930
$1,300,000
Philadelphia. Pa.
4 g. F. Ac A .
1,500,000 See text. See text.
Drifton, Pa.
Sept, 26,1894
600.000
A.
&
0.
Pliiladel.,
Co.’s
Office.
Apr. 1, 1909
6 g.
35,000
6
Nov. 1, 1918
2,308,000
4>®g. M. & N.
38,000,000
23,650,000 2 in ’97. j . & j . Office, 47 Wm. St., N. Y. Juiyl5,’971%
6,382,500
7 g. M. & N. N. Y., Fourth Nat. Bank. Nov. 1, 1900
do
do
Jan. 1, 1936
28,650,000
4 g- J. & J.
8,103,500
do
do
June 1, 1928
5 g. J. & D.
4,283,000
763,500 6 in ’97. August. Chicago, C. R. I. & Pac. Aug. 2,’97,6%
1,200,000
4
J. & J. N.Y.,Chic.R.I.<ftPao.Co. Jan. 1, 1905
do
do
June 1, 1905
1,200,000
2i« ,T. & J.
do
do
June 1, 1905
4
672,000
J. & J.
800,000
Jan. 1, 1932
See text.
5 g. J. & J.
2,902,000
4 g. J. & J. N. Y., Metropol’n Tr. Co. Jan. 1, 1915
569,000
5 g- M. & N. N. Y., Central Trust. Nov. 1, 1917
A. <fe O. 5N.Y.Ag’cyBk. Com. , } Nov. 14,1918
2,000,000
6
3,200,000
6
A. & 0 . \ Canada & London. < Nov. 15. 1918
4
1,350,000
J. & J. N. Y., Farm. L. &Tr. Co. July, ’97,1%
2,510,000
3,183,440
770,000
3,913,168
5
4
J. & J.
A. & 0.
See text.
July 1, 1899
Apr. 1, 1946
Rock Isl. <fcPac. for 18 years at rental of 30 per cent of gross earns., with
a guarantee of 4 per cent interest on the first mortgage and extension
bonds, and 2*2 per cent per annum on the incomes. Preferred stock
is ent .tled to 7 p. c. non-cumulative dividends, then common to 7 p. c ,
after which both share equally. D i v i d e n d s .— On preferred in 1893,
Aug., 2 p. c.; 1894, Aug., 4 p. c.; in 1895, Aug.. 4 p. c.; in 1896, Aug.,
6 p. c.; in 1897, Aug., 6 p. c. Rental for year ending Dec. 31,1896, was
$153,680; for 1895 was $144,523; for 1894 was $132,372; for 1893 was
$138,192.—Y. 61, p.195; V. 63, p. 29; V. 64, p. 1181.
D es M o in e s Ac K a n s a s C ity R y .—Des Moines, la., to Van Wert,
72 miles, standard gauge; Van Wert to Cainsville, Mo., 40 miles, 3 ft.
gauge. (V. 63, p. 879.) Entire stock and bonds purchased in December,
1895, by the Keokuk & Western. V. 62, p. 680. Massachusetts Safe
Deposit Co., trustee of mortgage; the authorized issue is $8,000 per
mile on narrow gauge. $16,000 per mile on broad gauge road. Arrange
ments have been made by Keokuk & W. to standard gauge ihe balance
of road. To Dec. 31, 1896. the K. & W. had advanced $880,000 on the
D. M. & K . C.—See K. & W. report, V. 64, p. 1087.
L a t e s t E a r n i n g s .— 8 m o s . ) 1 8 9 7 .............. G r o s s , $ 1 0 0 ,4 5 4 ; n e t , $ 8 ,5 0 5
Jan. 1 to Aug. 31.
5 1896......... Gross,
74,311; net, 22,847
net,
E a r n i n g s .— F o r y e a r e n d i n g Deo. 3 1 , 1 8 9 6 , g r o s s , $ 1 1 8 , 5 7 5 ;
$ 1 3 , 5 6 7 . I n 1 8 * 5 g r o s s , $ 9 8 ,2 0 2 ; n e t , $ 2 4 ,2 0 7 . V . 6 3 , p . 8 7 9 .
D es M o in e s N o r th e r n & W e s t e r n R R . —Owns from Des Moines
to Fonda, Iowa, 115 miles, and from Clive (7 miles from Des Moines)
to Boone, 35 miles; total, 150 miles—all standard. In August, 1894, a
controlling interest was acquired by Chicago Mil. & St. Paul, which
will operate the road separately. V. 59, p. 228. Successor of R a ilw a y
sold in foreclosure Dec. 18,1894. Capital stock authorized, $8,000,000;
outstanding, $4,372,500; par $100. Tbe first mortgage trustee. Metro
politan Tr. Co., N. Y. Car trusts Dec. 31, lf96, $10,871.
E a r n i n g s — 8 m o s ., ) 1 8 9 7 .........................G r o s s , $ 2 6 8 , 6 1 4 ; n e t , $ 4 3 ,9 2 1
Jan. 1 to Aug. 31. £ 1896................ Gross, 282,506; net, 86,575
For year ending Dec. 31,1896, gross. $442,255; net, $134,510; taxes,
$13,04 6: interest on bonds, $116,412; bal., surplus for year, $5,052.
President, F. M. Hubbell, Des Moines, la. (V. 59, p. 1103.)
D e s M o in e s U n io n R y .—A terminal road, 37 miles in length, in
Des Moines. Leased to Wabash RR., Chicago Great Western and De&
Moines N. & W. Rental equal to expenses and fixed charges paid
monthly by lessees on wheelage basis. Stock authorized, $2,000,000;
outstanding, $400,000—par $100. Loans and bills payable June 30,
1896, $22,712. Earnings for year ending June 30,1896, were, gross,
$129,855; net, $28,903. In 1894-95, net $29,959.
D e tr o it R a y C ity A
c A lp e n a .—See D e t r o it & M ac k in a c .
D e tr o it G r a n d H a v e n Ac M ilw a u k e e R y .—Owns from De
troit to Grand Haven, Mich., 189 miles. A reorganization of Septem
ber, 1878. The principal and interest on the bonds are guaranteed by
the Grand Trunk of Canada. Stock, $1,500,000; par, $50. Real estate
mortgages, $226,000. On Jan, 1, 1897, sundry outstanding accounts,
$512,678; bills receivable, etc., $147,736.
E a r n i n g s .— 8 m o s .
> 1 8 9 7 ........................... g r o s s , $ 6 4 0 , 3 3 1 ; n e t , 1 3 6 ,0 6 0
Jan. 1 to Aug. 31. 51896 ................ gross, 607,229; net, 59,178
For year ending Dec. 31,1896, gross earnings were $964,357; net,
$93,744; deficit under interest, etc., $277,266—advanced by Grand
Trunk Ry. In 1895, gross, $1,001,091; net, $101,648.
D e tr o it G r a n d R a p id s Ac W e s t e r n R R . —Detroit westerly
to Grand Rapids, northerly to Big Rapids, etc., including:
O perated u n d e r lease —
M ile s .
R o a d oivned—
M ites.
W. Detroit to Gr. Rapids... 147 Det. to Delrey (Det. Term.).......... 5
Gr. Ledge to Howard City. 64 Delrey to Rfedford (F. &P. M. RR.) 8
Kiddville to Belding........ 2 Lansing to N. Lan. (J. L. & S. RR.). 1
Stanton Jet. to Big Rapids. 63 Paines to Saginaw (J. L. & S. RR.
Mecosta Jet. to Barryton.. 11
and F. & P. M. RR.).................. 7
Remus to Weidman........... 13
T ra ck a g e—
Rodney to Chippewa......... 5 Gr. Rapids to Sparta (C. <feW. M.) 16
Howard City to Paines— 75 Sparta to Sheridan (T. S. & M.)... 34
Total owned................380 I
Total operated Jan. 1,1897...451
O rg an ization .—Successor Jan. I, 1897, of the Detroit Lansing <fc
$
6,476,044 Northern aud allied lines plan in V. 62, p. 319 and V. 64, p. 649.
2,503,493
B onds . - The first consolidated mortgage is for $6,000,r 00; bonds are
10,300 reserved to retire, by exohange or otherwise, the underlying Ionia <fc
Lansing first 5s, $770,000, and $1,317,082 for Detroit terminals and
2,513,793 other property. Trustee, Old Colony Trust Co., Boston.
1,993,873
ix e d C harges and E arnings .—The immediate fixed charges will
347,227 beF$243,017.
The net earnings applicable to above charges have been:
In
1895,
$272,743: in 1894, $221,h90; in 1893, $313,778.
85,030
E arnings —8 months, \ 1897............ Gross, $828,859; net, $158,811
Jan. 1 to Aug. 31. 51896............ Gross, 777,531; net, 99,775
Balance, surplus...........
31,198
218,390
528,690
87,663
T ea r en d . D ec. 31.
1896.
1895.
1894.
O f f i c e r s — Chairman o f Board o f D i r e c t o r s , G e o r g e C o p p e ll ; Presi Gross earnings............................ $1,171,282 $1,149,655 $1,098,723
149,161
254,303
200,169
dent and Gen. Man., E . T. Jetiery; Treas., J. W. Gillulv; s e e ., William Net over exp. &taxes...................
Wagner; Comptroller, Stephen Little. Office, 47 William Street, New —(V. 63, p. 458, 794, 880, 1062; Y. 64. p. 82,469.)
York. (V. 65, p. 25, 26, 69, 350, 364, 371.)
D e tr o it H ills d a le Ac S o u th w e s te r n R R . —Owns from YpsilantJ,
Des Moines Ac Fort Dodge R R .—Owns Des Moines to Ft. Dodge, Mich., to Bankers, Mich., 65 miles. Leased in perpetuity from July 1,
la., 88 m., and Tara to Ruthven, 55 miles; trackage, Illinois Central, Tara 1881, to the Lake Shore & Michigan Southern Co.; the rental is $54,000
to Fort Dodge Junction, included above. Leased Jan. 1 ,1887, to Chic. per year—4 per cent. Gross earnings in 1895, $39,961.
$
GrosB earnings............ 6,945.115
Net eamlngB................. 2,869,779
Other Income...............
51,683
Total netlncome.......
2,921,462
Interest on bonds.......... 1,997,950
Taxes and Insurance__
351,991
New equipment..............................
Miscellaneous...............
67,323
Dividend on pref. stock.. (2) 473,000
$
$
7,551,187 6,916,840
3,202,406 2,925,628
57,334
14,600
3,259,740 2,940,228
1,997,950 1,997,950
352,786
342,256
143,568 1
74,046 j 71,332
Nil.
473,000
RAILROAD
October , 1897, J‘
STOCKS
AND
BONDS,
SI
PACIFIC.
Laram io C ity
‘Divide
BouMvrl
mnibiOli
Hot BalpMar)
Bpnop
MI DDLE
PARK
RiSCO w*
, BRECKENRJDGE
f-UNWOOO
wo
'Brighton
DENVER
J
LEADVj
Li’ftlmvrXal
YMomnoent
(0e«p**-c
Rflu»tcd h
r □Edge*** n,
——" STo"-" ****^3|
' COLORADC
. SPRINGS
V>*ta
.s5^
AlOM«Sl
1
*I3 eS*»o*l
•"fota om* •'1
»c
c*«.t «»'•*
Qrovelow'tim
A*m
% WEST C U F F*.i
LAKE CITY
[Graaero*!.
tWrt L*l<
©»«*©*
Upacha
.«e£
^
^DURANGO
? qBoa
AoWWlA
Bnra«»UL
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ENGLEVtLL
COM M*«£
©AAnrojp
Raton■
F-aimRiaVA
\o
[Vokaao V
lN>. Afua V
ifW*I'S«*lraf
Cimarron
JWSMSK Cltf
;SPANOLA
ix UnioiT
S A N T A FE
MAP OP THE
DENVER & RIO GRANDE
RAILROAD
Xa$ro<l?
5 2
INVESTORS’
SUPPLEMENT.
[V o l . L X V .
Subscriber** w i l l c o n fe r a g r e a t fa v o r by g i v in g im m e d ia t e n o tic e o f a n y e r r o r d isc o v e re d in tlie se T a b le s ,
B on d s—Prlncl INTEREST OR DIVIDENDS.
Due.
Amount Rate per When Where Payable, and by pal,When
Slocks— Last
Outstanding Cent. Payable
Whom.
Dividend.
R.
$2,700,000
1.194.000
5 g. A. A O. N.Y., Manhattan Trust. Oct. 1, 1945
(h
New York City.
Apr. 1, 1947
5 g. A. A O.
2.015.000
900.000
J.
&
D.
N.
Y..
J.
P.
Morgan
A
Co.
June 1, 1995
4 g.
do
do
June 1, 1995
1.250.000
J. & D.
i
e
•
(?)
140.000
6
A. A O. N. Y.. 143 Liberty at.
J. & J.
do
do
35,000
6
See text.
N. Y., OfHce, 214 B’way. J’ne,’96,3p.c.
Aug. 1, 1951
5.425.000
F.
A
A.
do
do
4 g.
A. A O.
do
do
See text.
7
Oct. 1, 1917
3.930.000 Deposite d to sec ure 111. Central 4s of 19 52.
A. A O. N. Y„ Office, Mills Bldg, Oct. 1, 1937
6.332.000
5
J. A J.
6
Jan. 1, 1916
do
do
4.500.000
500.000
Annual.
Mar. 1, 1917
5
. do
do
2,512,500
1.111.000
<>e- j. & j . N. Y., Central Trust Co. Jan. 1, 1922
do
do
Jan. 1, 1923
2.389.000
6 ft. j. & j .
do
do
Jan. 1, 1924
1.900.000
4 g. j . & j .
__
N.Y., Post, Martin A Co.
264,608
1895 1,000
J. A J. N. Y., Chemical N. Bk. Jan. 1, 1924
728.000
1 S' J. A J. N. Y., Central Trust Co. Jan. 1, 1928
500.000
25 1888 1,000
156 1885 1,000
I 8’ A. A O. N. Y., Third Nat. Bank. Apr. 1, 1925
1.077.000
416 1887 1,000
J. A J.
Jan. 1, 1937
do
do
3.947.000
A g' F. A A. New York or London.
Aug. 1, 1990
572 1890 1,000 14,976,000
New York.
Dec. 31, 1912
3.000.
000 1 *
.... 1892
678,451
1903 A 1905
__
100
1.000.
000
__
100
5
1,000,000
1.500.000
ioo 1896 1,000
4 g. J. A J. N,Y.,3d Nat. Bk. A Lond. July 1, 199620 1891 1,000
1.180.000
6 s- J. A J. July. ’95. coup, last pd. Jan., 1921
D e tr o it Ac L im a N o r t h e r n K y m— (See M a p .) —R o ad —In April* be drawn by Jot; trustee, Central Trust Co. In April, 1897, a mortgage
1897, completed from Lima, 0. (on Ohio Southern), to Tecumseh, for $500,000 was issued on the Swamp lands; bonds to be for $5,000
Mich., 102 miles, forming a new line to Detroit, via the Wabash, and a each, to run20 years at 5 per cent; trustee, Walter F. Cobb, of Chicago.
northerly extension for the Ohio Southern; extension from Dundee to
E a r n i n g s .— Jan. 1 to Aug. 31, 8 months, gross, $1,870,341 in 1897;
Detroit, 38 miles, under construction in Sept., 1897.—Y. 65, p. 571. A $1,618,490 in 1896. In year ending Dec. 31, 1896, gross, $1,973,846;
consolidation in June, 1897, of the Lima Northern and Detroit & Lima net, $879,426; bal., surplus over charges, $325,373; 1895 gross, $2,188,Northern. The Michigan Division of the C. J. & M., Allegan to Toledo, 372; net, $1,202,897; other income, $17,083; interest, $290,202;
156 miles, lias been incorporated as the Detroit Toledo & Milwaukee, rentals, $1,890; improvements, $8,239; balance, surplus, $919,649.
and is operated in conjunction with the D. & L. N.—V. 65, p. 70. Stock In
1894, gross, $1,516,837; net, $799,588. President, J. L. Greatis $2,700,00 0; par, $100.
singer, Duluth.—(V. 63, p.. 228; V. 64, p. 1041.)
B o n d s — The first mortgage (trustee Manhattan Trust Co.) is author
D u lu t h M is s a b e Ac N o r th e r n R y .—Owns from Duluth to Moun
ized for $15,000 per mile, including equipment, and $300,000 addition tain
Iron, Minn.,77 miles; branches, 53 miles; trackage to Union Depot,
al for Detroit terminals (an arrangement with the Wabash will make Duluth,
miles; total, 132 miles. Iu September, 1893, control of this
it unnecessary at present to acquire other terminals at Detroit); road was2obtained
by the Lake Superior Consolidated Iron Mines, with
$100,000 to acquire Dayton Northern Ry.; $3,000 per mile for equip a capital of $30,000,000.
June 30, 1896, funded debt, including
ment on road operated as trackage; $170,000 for improving Lima equipment obligations, was On
$5,564,277.
Northern Road; and $1,200,00j reserved to retire Lima Nor. bonds.
E a r n i n g s . — For year ending June 3 0 , 1 8 9 6 , gross, $ 1 , 7 9 1 ,9 8 0 ; net*
- (V. 64, p. 799, 1137; V. 65, p. 571, 620.)
$ 1 , 2 1 0 , 6 3 5 ; other income, $ 1 6 ,5 2 5 ; charges, $ 1 , 3 2 0 , 6 2 1 ; balance,
D e tr o it M a c k in a c A: M a r q u e tte K i t . —S e e M i s c e l l a n e o u s C o s . deficit, $ 9 3 ,4 6 1 . In 1 8 9 4 - 9 5 , gross, $ 1 , 3 7 8 ,2 6 8 ; net, $ 8 0 2 ,2 4 7 ; inter
est, taxes, etc., $ 6 9 6 ,4 8 0 ; balance, surplus, $ 1 0 5 , 7 6 7 ; sinking fund
D e tro it Ac M a c k in a c K y .—Owns from Bay City, Mich., to Alpena, charges, $ 1 6 3 ,9 2 2 . Total tonnage in 1 8 9 4 - 9 5 was 1 , 8 0 5 , 2 5 5 t o n s , of
131miles; Loon Lake Branch, 6 miles; Mud Lake Branch, 38 miles; which
1 , 7 0 4 ,6 7 9 was ore. Ton mile rate 0 '9 9 6 cent. V . 6 4 . p. j y j .
other branches, 66 miles; Alpena & Northern, 55 miles into timber limits
D u lu t li M is s is s ip p i R iv e r & N o r th e r n R R . —Operates fro ai
(which forms part of the extension to Mackinac); total, 296 miles.
Much of the branch line mileage is temporary, built only to bring out Mississippi, Minn., via Swan River, on the Duluth Superior A Western*
lumber. 8ee V. 61, p. 558. In 1895 carried 435,107 tons, of which to Hibbmg on the Duluth Missabe A Northern, 36Lj miles. Over tlie
latter road it has connection with all points on Missabe and Vermillion
lumber, logs and shingles furnished 94 per cent.
iron ranges, and over Duluth S. & W. with Duluth. Capital stock
H i s t o r y , E t c .— Formed in December, 1894, to succeed the Detroit authorized is $25,000 (par $100); outstanding $4,800. The 1st mort
Bay City A Alpena, sold in foreclosure. “ Mortgage bonds ” for $500,- gage is for $2,250,000 to the Central Trust Co. of New York as trustee..
000 are reserved for betterments, etc., at not over $50,000 per year.
E a r n i n g s .— For year ending June 30, 1897, gross, $128,150; net
The stock and $750,000 “ mortgage bonds ” are held in trust, and if $41,729
; interest on bonds, $36,400; balance, surplus for year. $5,329
deemed best may be converted into preferred stock. See Y. 60, p. 130 In 1895-6,
gross, $145,327; net, $52,842. int. on bonds, $33,25u; bal.
Stock.—The capital stock is $3,000,000, of which $1,000,000 pre surplus, $19,592. President, A. W. Wright, Alma, Mich.—V. 61, p. 281
ferred is issuable only for conversion of bonds as above.
D u lu th R e d W i n g Ac S o u th e r n R R . —Projected from Duluth
L a t e s t E a r n i n g s .— 2 mos., >1897...Gross, $72,444; net, $15,593 via Red Wing, Minn., and Sioux City, Iowa, to a point opposite Omaha.
July 1 to Aug. 31.
51896...Gross, 59,646; net, 19,144 Neb. In operation from Red Wing, southerly to Zumbrota, 25 mil^s;
branches, 3 miles. Stock, $375,000, of which $125,000 pref.; par, $100.
E a r n i n g s .— For year ending June 30, 1897, gr.^ss, $406,699. In
of mortgage is Central Trust Company. In year ending June
1895-6, gross, $434,462; net, $131,070; charges, $105,362; surplus, Trustee
30,
1896, gross, $79,461; net, $25,980; charges, $20,016; balance*
$25,708. In 1894 gross, $232,640.
surplus, $5,964. In 1894-95, gross, $76,622; net, $25,139. President,
Officers.—President (elected Dec ’96), J. D. Hawks of Detroit. Y. T. B. Sheldon. (V. 56, p. 403.)
60, p. 43,130,711; V. 61, p. 281, 470, 558; V. 63, p. 1,009.
D u lu th S o u th Sliore Ac A tla n t ic R y . —Operates Duluth to Sault
D e tr o it T o le d o Ac M ilw a u k e e K R . —Owns Allegan to Dun Ste. Marie, 409 miles; “ Soo” Junction to St. Ignace, 43 m.; other, 120
dee, Mich., 133 miles; trackage (Ann Arbor Ry ), Dundee to Detroit, m.; trackage. 17; total, 588 miles. Controlled by Canadian Pacific.
23 miles, and Allegan to Grand Haven (Chicago & West Michigan), 44 C a p i t a l S t o c k .—Common stock is $12,000,000 ; preferred, $10,000,miles. Connects at Tecumseh, Mich., with Detroit & Lima Northern, 000; par both $100. Preferred stock is 6 per oent, non-cuui. Canadian
and is operated in conjunction with that company. Incorporated in Pacific Jan. 1,1897, owned $6,100,000 coin, and $5,100,000 pref. stock,
June, 1897, to take over the Michigan Division (as above) of the Cin $3,000,u00 incomes and $14,976,000 consols.
cinnati Jackson & Mackinaw. Capital stock is $1,500,000; first mort B o n d s , &c .—A b s t r a c t fir s t m ortgage, V . 4 5 , p . 2 7 4 .
gage for $1,500,000 of 5 p. c. bonds, dated Aug. 1, 1897. Stock and The first consolidated mortgage of 1890 has interest at 4 per cent,,
bondfi sold in bulk to parties interested in Detroit & Lima Northern — guaranteed by Canadian Pacific, which Jan. 1, 1897, held the entire
(V. 65, p. 620.)
outstanding issue [$14,976,000] in its treasury as security for its 4 p. c.
D o v e r Ac B o c k a w a y B B . - 'S ee M a p Central R R . o f N . J .) — Owns debenture stock; cousols for $5,024,000 are reserved for prior bonds
Port Oram to Rockaway, N. J., 5 miles. Leased to Central of N. J. in and additional amounts may be issued at $20,000 per mile of new lines,
April, 1881, for 999 years at 6 per c<*it on stock and bonds, taxes, etc.
G e n e r a l F i n a n c e s .— On Dec. 31,1896, loans and bills payable were
D u b u q u e Ac S io u x C ity R R . —OSce M a p o f I llin o is C en tra l)— $3,352,743. Of the 2,131,288 tons carried in 1895, ores furnished 54
p.
c., lumber, etc., 25 p. c.
Owns Dubuque, Iowa, to Iowa Falls, 143 miles; Iowa Falls to Sioux
L a t e s t E a r n i n g s . — Jan. 1 t o Oct. 7 , 944 m o n t h s , g r o s s , $ 1 , 2 2 1 , 2 7 9
City, 184 miles; Manchester to Cedar Rapids, 42 miles; Onawa, Iowa
to Sioux Falls, Dakota, 155 miles: Cedar Falls to Minnesota State Liue i n 1 8 9 7 ; $ 1 , 5 7 8 , 5 1 8 in 1 8 9 6 .
(merged by consolidation in 1896), 76 miles; total owned, 600 miles.
E a r n i n g s .— For year ending Dec. 31, 1896, gross, $1,905,811; net,
O r g a n i z a t i o n .— Controlled since April, 1887, and practically owned $671,131; other income, $32,402 ; interest on bonds,$861,098; taxes,
by the Illinois Central RR , which lias issued its own bonds on the etc., $39,319; balance, deficit for year, $196,884. In 1895, gross, $1, road; the only D. A S. C. bonds held by the public are the 7 s issued 811,823; net, $654,718.
under Iowa Falls A Sioux City mortgage for $2,800,000, of which D u lu t h S u p e r io r Ac W e s t e r n R y .—Owns from New Duluth to
$460,500 (July 1,1890,) in Dnbu. & Sioux City treasury.—Y. 61, p. 560. Deer River, Minnesota, 100 miles. A reorganization, per plan in
D i v i d e n d s — I u 1 8 8 8 , ^ of 1 per cent; in 1 8 9 1 , 2 ; in 1 8 9 2 , about U o f
V. 63, p. 189, of the Duluth A Winnipeg sold in foreclosure July 25,
1 p.c.; in ’ 9 3 . 1 M P .o .; in ’94,2 L j ; in ’ 9 5 , Dec., 1 ; in 1 8 9 6 , June. 3 p? c ; 1896. The new compauy took possession Deo., 1 1896. New common
Dec., none; in 1 8 9 7 , June, none. Stock nearly all owne 1by 111 Cent stock authorized, $L,500,000; preferred stock, 5 per cent non-cumulaE a r n i n g s .— In y e a r ending June 30, 1896, g r o s s , $2,773,653; net tive, $1,500,000; par of shares $100. Common stock for $500,000 and
$1,054,585 ; 1894-5, gross, $2,055,963 ; net, $503,247. (V. 60. d 794- preferred for $500,000 to be issued only “for additional considerations
V. 63, p. 29,402.)
’
*p
’ as authorized by law.” The Cauadiau Pacific through the medium of
D u lu th Ac I r o n R a n g e K R . —Owns Duluth to Ely, Minn 116 the Duluth South Shore & Atlantic is understood to control the prop
New 1st M. is for $2,000,000 ($500,000 in treasury iu 1896 for
miles, with branches to Mesaba Range Mines, Fayal, etc., 57 miles. Owns erty.
additional equipment, etc.) and $20,000 per mile additional for exten
ore docks and yards on Lake Superior costing over $1,500,000
sions. Trustee, N. Y. Security A Trust Co., N. Y.
S t o c k , E t c .— Stock authorized, $3,000,000; outstanding, $500 000
E a r n i n g s .— In the fiscal year ending June 30,1896, earnings of old
par $100. Land grant from Minnesota about 506,000 acres, of which company
gross, $282,564; net. $78,304. In 1894-95, gross,
201,790 seres had been patented to it prior to April 30, 1895. State $133,258. were,
President, W. F. Fitch. Marquette. Mich.; Secretary, Benj.
claims balance or land grant has been forfeited. V. 64, p. 1041. The
Whiteley,
44
Wall
Street, New York.—(V. 64, p. 133.)
Minn. Iron Co. Oct., 1896, owned the stock and $4,500,000 second
mortgage bonds. The tirst mort. bonds are authorized at the rate of
D u lu th T r a n s fe r R y .—Operates 24 miles of track. The mort
$25,000 per mile for construction aud $7,000 for equipment, the Metro gage for $2,000,000 is to the Metropolitan Trust Co. of New York u
politan Trust Company of New York being trustee.
as trustee. Interest due January 1.1896, was not paid. John Elio’
The 2d mortgage was authorized in 1896 for $5,000,000, of which Bowles was appointed receiver in September, 1896. Decree for fore
$3,500,000 retired the 6 per cent income oertitteares and $1,000 000 closure was obtained December 21,1896, but no date of sale fixed and
were Issued for improvements; the bonds are subject to call at 105, to no plan prepared to October, 1897; upset price $500,000.
RAILROADS.
For explanation of column headings,"Ao., see notes
on first page of tables.
D etroit L a n sin g <£ N orth ern.— See D e t r o i t G r a n d
D etroit <f- L im a N orth ern -Stock..........................
Lima Northern Ry., 1st mortgage, gold............
Dot. A Lima North’ll, 1st M., g., $15,000 p.m.cAr
D etroit dt M ackinac— Stook ($15,000 is prel'.).......
“ First lien” bonds$1,500,000 gold.................c*
•*Mort. bonds ” $2,500,000 gold. red. at par— c"
D etroit Toledo t£ M ilw a u k ee —1st M., $1,500,000...
D o ver <eR ockaw ay— Stock 6 p. o., rental 999 years.
1st mortgage....................................... ...........
D ubu que tfi Sioux City—Stock...................... .........
111. Cent., West, lines, 1st M., gold (see text).c*<fcr
Iowa Falls & Sioux City 1st JL, la. F. to S. City..
Cher & Dak and Cedar Rap. <&Cliio. 1st morts...
Duluth d- Tron R ange —1st mortgage............... c&r
2d M., currency, redeemable at 105, $5,000,000c*
1st mortgage, land grant, reg............................
Duluth M issabe t& Norlh'n—Stock($5,000,000 autb)
1st mortgage, gold, sinking fund......................
1st consol, mortgage, $3,500,000, gold..............
General 2d mortgage ($3,500,000) gold, sink. fd.
Equipment trusts June 30, 1895. .....................
D u lu th M iss. R iver <£ N o. —1st M., $2,250,000, g..C*
Dill, lied Winff <£So.—1st M. ,g. ,$20,000 per mile.o’"Ar
Duluth South Sh.<& A llantic —Marq.H. AOn.Gen.M.c*
Duluth South Shore A Atlan., let mort., gold. .cAr
First consol, mort., gold, interest guar......c*«fcr
Inc. certs. ($3,000,000 held by C. Pae. Jan., ’97)
D u lu th S u p erior & West. R y .— C om . st’k, $1,500,000
Preferred non.-cum. 5 p. c. stock, $1,500,000 —
1st mortgage, $20,000 per mile, gold A £..c*&r
D uluth Transfer— 1 s t mortgage for $2,000,000---
Miles Date Size,or
Par
of
of
Road. Bonds Value.
R a p i d s &We STEENR
$100
....
80 1895 1,000
102 1897 1,000
1,000
ail 1895 1,000
all 1895 1,000
1897
....
100
__
5 1881 1,000
100
600
218 1895 1,000
184 1869 500 Ac.
197 1888
173 1887 1.000&C
173 1896 1,000
__ 1897 5,000
100
....
.... 1892
__ 1893 1,000
.... 1894
MILWAUKEE
1| Grand Huj't'i"
»
«
CAijrtright
GRAND tM ttf <,
lt«n\an
P o r t S tan Un-
Port Lambert
LANSING
Gra»*S Lr«!fip
■if:--""
Mi.Cltnuvii*
LA H K
.Chat luim
ST. CL A I n
H&mhnrg'
D E X RO JT
S ou th tiaV't'U-
ERIE
dacktoo
ymrtforvV,/^
® P % 1 Park
M \
G ir a r d .It.
/,-j |JSiJT*t«>taILtrhyf
*j St. J*W8|*h
s£ r
wNocr r .
MiCH.
i‘a!rv-'<r!,:
AGO
JetTtWwft o,
Sv,i»dv)3h
Pamo«r)U«
.jijm'tli C'liinftan
‘anger
Ms-rS»«a#€|t>-
ocq
tY&L Sfcs«
Olw»k^
ir*£r;v.
W*t*rh
Fair Oakj
jf coittftVuy^sat^
"y
V i»yncir
W}sttt<*y
H
IawmmtI
B u lk s ’];
GallWfil
lift
gWifc©rb*,'
A kro i
Ttffirt-
\
t
r
Bayn»iti4
h r TAW a ]
’A
Find lay
WataUJ
Logana'^vfl
\\
M ansfield
V
.FywSer
a
Jttff CAAtlt
j\
Canton
V/
, N1'*
\tib*>t1U»u\
j Canal tforrT;
.■Atiil^tainsrf/ /
Mfc®
La Fay©tin
■I 1 i
, ■ I
Young* T. |
\ 1\ inner
Ma»*.ilon
Omitte
iOLWWRWS ©wovtMo
M
3
<
o
CLEVELAND
Sandusky
... ,t
/Waraavr
W*r«
. t/l;
napoleon !
IMytrixiiih
JSheLby
_w
Bfj-Jitt^ **
Va l pft rod
o
o
u
WAWSCONffSC
,Matty-ton,
GQ
w
/TOLEDO
ilAttlferdf
dietJjfwiN
dSfpiifl
munLi©
VC&mbridg©
O O U IM K $
Hie
%PR*f«:6riECB
RdcliiRond
ChrtiMjfttn.
[W*|ifc»W*F
•#* tatcSflOT
Dayton
s. v»»*
$
i
DETROIT & LIMA NORTHERN
a Llehy©%!
Mi-FH *«*«t
WiddMoi
i... i: 0 .p.
A 1
" - " '" "
HALLWAY & ( ON N ECTIONS.
MtirtliSf
/
I t e ln lx . i , •
Ulll.W Ji
fctftB tflN A T t
vu rmt *
a.STQ$t
caMteKnti
34
INVESTORS’
SUPPLEMENT.
[V ol . L X V .
S u b scrib e rs w ill c o n fe r a g r e a t fa v o r by g i v in g im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d in th e se T a b le s .
B en d s— Princi
INTEREST OR DIVIDENDS.
Size, or Amount
pal,^When Due.
Par Outstanding Rate Per When Where Payable, and by Slocks —Last
Value.
Cent. Payable
Whom.
Dividend.
$1,000 $1,000,000
J. A D. N. Y., N. Y. Cent.* Hud. June I, 1900
1,000
300,000
do
do
A. A O.
Oct. 1, 1900
1,000
1,000,000
do
do
J. & D.
June 1, 1900
1,000
600,000
do
do
A. A O.
Oct. 1. 1900
100
290,100 See text.
1895-96, 21a%
6
M. & N.
150,000
Nov., 1928
1,000
500,000
4
J. & J. Jan., ’85, int’st last pd. July 1, 1903
50
497,750
5
J.A D.15
J’ne 15,’97,2%
50
6
1,730,450
J. A J. Phil., Phil. & Read. Ry. July, ’97,3%
1,000
495,000
do
do
Mch. 1, 1958
4 g- M. & S.
100
420,000
1,000
1,000,000
In default.
Aug. 1, 1915
' 5 ‘g. F. & A.
Text.
166,480
Text.
1,000
277,000
M. & S.
See text.
Mch. 1, 1902
M. & N. Pliila. Gu. T. &S. D. Co. Nov. 1, 1905
250,000
100
1,500,000
100 3,447,300
100
738,750
J. A D. Boston,Off. 5 - Oliver St J’ne,15,’97,l 1^
3
100
3,000,000
A. & O.
3
See text.
Oct. 5, 96, Iks
7,368.000
1,000
5 g. M. & N. N. Y., J. P. Morgan ACo. May 1, 1941
1,000
750,000
A. & O. Phila., Lehigh Yal. RR. Apr. 1, 1914
6g- A.
1,000
1,250,000
& O.
do
do
Apr. 1, 1914
I 8' J. & J.
300,000
do
do
July 1, 1906
1,000
500,000
5 g- J. A .1. N. Y., Nat. Bank Com. July 1, 1924
50
M. A N. Phila., Broad St. Sta. Nov. 1,’97,2ia
5
500,000
50
7
500,000
J. & J.
do
do
July,’97, 313%
1,000
J. A J.
6
963,000
do
do
Jan. 1, 1910
500
A. & O.
do
do
570,000
5
Oct. 1, 2862
50
Q.-M. N. Y., Union Trust Co. Sept.,’97,1%%
7
1,998,400
1,000
2,109,000
J. & J.
do
do
7
July 1, 1898
1,000
511,000
A. A O.
do
do
7
Oct. 1, 1900
1.000
775,000
do
do
July 1, 1940
4 g. J. A J.
B o n d h o l d e r s ’ C o m m i t t e e .— Thomas 8. Krutz, Thomas G. Hill- tng June 30, 1896, gross, $39,976; net, $4,677; charges, $7,403. In
house. William W. Cook of New York, C. Lippitt of Norwich, Coun., 1894-95, gross, $37,233; net, $4,765.
and John Foster of Providence. All the bonds have been deposited
E a ste rn R R . (N . H . ) —Owns from Portsmouth, N. H., to Seahroo k
with the committee.
(Massachusetts State Line), 16 miles. Leased to the Eastern RR. (now
Stock authorized and outstanding, $2,000,000; par $100. The Duluth consolidated with Boston & Maine) from October 1. 1878, for 60 years
A Superior Belt was organized to extend the system to Superior, and 2 months at $22,500 per year. In June, 1891, a stock dividend of 50
Wis.—V. 62, p. 232, 277, 589; V. 63, p. 504, 1159.
per oent was paid. Dividends since Increase, 3 per cent per annum
D u lu th ^ A W i n n i p e g R R , - See D u l u t h S u p e r i o r & W e s t e r n
E el B l v e r H R . —Owns from Logansport, Ind., to Butler, Ind., 94
C D u n k ir k A lle g h e n y V a lle y & P it t s b u r g .—Owns from Dun miles. Foreclosed July 6, 1877. Leased for 99 years, April 1, 1887,
forever, to Wabash, at 2 per oent yearly on the stock till
kirk, N. Y., to Titusville, Pa., 91 miles. A consolidation in 1872 renewable
1892. then 2L3 till 1895 and 3 per cent thereafter, hut in June,
of the Dunkirk Warren & Pittsburg and the Warren & Ven April.
ango companies. Leased for 500 years from 1873 to New 1897, a decision was rendered in the Superior Court of Indiana revok
the charter of the Eel River for having leased itself to a competing
York Central & Hudson River RR., hut accounts are kept separate. ing
Rental is interest on bonds and iu> per cent on stock. Capital, $1,300,- line-see Wabash item V, 64. p. 1089. Sept. 8, 1897, Richard Ruddell
of
Kokomo,
Ind., was appointed receiver. The April, 1896, dividend
000: par, $100. The N. Y. Central A Hudson RiverCo. owns $1,067,600
was lkj p. 0.; Oct., l ’s p. c. (V. 58, p. 716, 1110; V. 64, p. ro8o.\ V. 65,
ofthestock. For year ending June 30, 1897, gross, $207,073; deficit p.
462.)
under operating expenses and taxes, $5,340; interest, etc., $203,500;
dividends paid (Hap. c.), $19,500; total deficit for year, $228,340. In
E lg in J o lie t & E a s te r n B y .—(Nee M a p )—Owns from WaukegaD,
year 1895-96 gross, $218,160; deficit under operating expenses and HI., on Lake Michigan, via Spaulding and Joliet, to Porter, Ind., t3o
taxes, $5,054.
miles, and branches Normantown to Aurora, 10 miles—Walker to Cos
ter, Ul.—32 miles; Hammond to Whiting, Ind., 9 miles (opened Jan.,
Durham Sc Northern Ry,-Henderson to Durham, N. C„ 42 1897),
spurs to coal mines, etc., 13 miles; total owned, 193 miles;
miles. Part of the'•Seaboard Air Line” system. Dividend in 1892-93 traokage
(L. N. A. & Chicago, 9%; Chicago & West Indiana, 4-8; Belt
2 p. c., in 1895-96 2la p. e.
Ry. of Chicago, 2), 16 miles; side tracks and yards owned, 76 miles.
E arnings .—For year ending June 30, 1896, gross, $70,284; net. Line Chicago Heights to Chicago under construction.
16,386; interest and taxes, $10,579; dividends, (2*3 p. c.), $7,252;
O r g a n i z a t i o n .— An outer belt line at Chicago for transfer of freight
balance, deficit for year, $1,445. In 1894-95 gross, $66,478; net, from
one line to another without breaking bulk. Also reaches coal
$19,387. In 1893-94, gross, $53,081; net, $9,337.
fields. In 1894 trackage to navigable water of Lake Miohigau was
." E a s t B r o a d T o p It I t , & C o a l Co. ( P a .)—Owns from Mount secured by 99-year contracts with L. N. A. & Chicago from Dyer, Inch,
Union, Pa., to Woodvale, Pa., 31 miles, and leases Shade Gap, 11 miles, to Illinois State line (near Hammond), 10 miles, and with Chicago &
and branches to mines, 3 miles; total, 45 miles. A coal road opened W. Ind. from there to South Chicago, 5 miles, to terminal property on
Calumet River, including 1,255 feet of water front. Chicago Heights
In 1874. Stock $815,589 (par$50), of which $247,189 is 6 p. c. pref.
E a r n i n g s .— Y e a r e n d i n g J u n e 3 0 , 1 8 9 6 , g r o s s , $ 7 6 ,5 3 7 ; n e t , $ 1 2 ,8 3 4 ’ & Northern incorporated in May, 1897, to build from Chicago Heights
to Chicago, was purchased in July, 1897, for $285,000 of E. J. A E.
o t h e r in c o m e , $ 6 0 9 ; i n t e r e s t , e t c . , $ 2 4 ,4 9 7 ; h a l . , d e f ic i t , $ 1 1 ,0 4 4 .
bonds.—V. 65, p. 194.
E a s t II a ha n o y B i t . — Owns from East Mahanoy June, to Waste
S t o c k .— Stock, $6,000,000; par, $100.
House Run and branches, 15 miles. Re-leased Dec. 1, 1896, for 999
Bonds, Etc.—First mortgage (trustees Central Trust Co. and Augustus
years to Little Schuylkill Nav. RR. and Coal Co. and lease assigned to
Phil. & R. Ry. Of the Btock $280,000 is owned and deposited by the L. Mason) is for $10,000,000; thehalanoe unissued can be disposed of
Reading Company under Its general mortgage of 1897.
for extensions, betterments, eto. Eauip. notes July 1, 1897, $54,771,
E a s t P e n n s y lv a n ia R R , - Owns Reading, Pa., to Allentown, Pa., and loans and bills payable, $10,500'.
E a r n i n g s .— 2 months, >1897......... Gross, $189,337; net, $45,926
35 miles; second track 18 miles; all track 71 miles. Leased for 999 years
July 1 to Aug. 31. 51896......... Gross, 210,224; net, 68,410
from May 1,1869, to the Philadelphia & Reading RR. at a rental of 6
per cent per annum on the stock and interest on the bonds. Lease as A nnual Report.—Fiscal year ends June 30. Report for 1896-97
sumed in 1896 by the Phila. & Reading Railway/ Co. Of the stock was given in V. 65, p. 461. During the year $450, 00 first 5s were
$875,000 is owned and deposited by the Reading Company under its issued, and equipment notes, hills payable, etc., were retired.
general mortgage of 1896.
Y ea r end. J u n e 30.
1896-97.
1895-96.
1894-95.
1893-94.
E a st St. L o u ls & Caron d c lc t B y .—Road from East St. Louis Tons carried 1 mile.182.853,924 193,818,870 162,252,418 137,983,578
to Falling 8prings and East Carondelet, 12 miles. First 7s, $200 000 Av. rate p. ton perm.
$0-0061
$0-0064
$0-0065
$0-0072
due Oct. 1,1897, were paid.
Gross earnings....... $1,184,647 $1,292,420 $1,080,686 $1,020,326
Expenses
and
taxes772,064
846,305
730,752
699,865
E a r n i n g s .— For year ending December 3 1 , 1 8 9 6 , gross, $ 7 6 ,7 6 7 : net,
$ 2 3 ,2 5 0 ; Interest, $ 1 4 ,8 5 6 ; balance, surplus, $ 1 ,3 9 5 ,
Net
earnings.......
$412,583
$446,115
$349,934
$320/461
E a s t S h ore T e r m in a l C o .’ s R R , - R o a d .— Owns terminal road
Interest and rentals.
356,330
345,873
335,419
303,950
n Charleston, 8. C„ 3 miles double track laid with 60 pound steel
15,339
23,311
44,028
17,299
Company also owns 14 wharves, 30 warehouses, about 30 acres of Miscellaneous.........
and, 4 cotton compresses, eto., on the city’s water front, these being
Balance..............sur.$40,914 sur,$76,931 def.$29,513
def.$788
connected by its own road with the other railroads entering the city.
President, Samuel Spencer, N. Y. (V. 65, p. 194, 461.)
RECEiyERSHii'.—W. E Huger was appointed receiver in January.
1 8 9 6 .— V . 6 2 , p. 1 3 8 . Stock outstanding, $ 1 , 1 2 0 ,0 0 0 . In 1 8 9 4 four
E lm ir a C o r tla n d Sc N o r th e r n R y .—(Nee Map L eh igh V a lle y .)—
first mortgage coupons (Feb. 1 8 9 4 , to Aug., 1 8 9 5 , Inclusive) and six Owns Elmira, N. Y., to Canastota, N. Y., 119 miles, and leases during
consol, coupons (Sept., 1 8 9 3 , to Maroh, 1 8 9 6 , inclusive/ were funded corporate existence, Canastota Northern, Canastota to Camden. N. Y..
into 5 p. c . scrip. First mort. coupons due Feb. 1 , 1 8 9 6 , were 21 miles, whose first mortgage bonds are stamped guaranteed prinoipal
not paid. Net earnings for year ending March 3 1 , 1 8 9 6 , were $ 1 9 5 2 4 - and interest. Stock $2,000,000; par, $100.
in 1 8 9 5 , $ 5 5 ,6 8 2 ; In 1 8 9 3 -9 4 , $ 4 4 ,5 2 8 . ( V .6 2 , p. i 3 8 . )
* ’
’
In February, 1896, the entire capital stock was purchased and bonds
E a s t T e n n e s s e e V ir g in ia & G e o r g ia .—See S outhern Ry. Co guaranteed by the Lehigh Valley. V. 62, p. 1177. Operations now
E a s t T e n n e sse e & W e s t e r n N o rth C a r o lin a R R , —A nar inoluded In Lehigh Valley statements.
In year ending June 30,1895, gross, $432,718; net, $124,679; other
row-gauge road from Johnson City, Tenn., to Cranberry, N.C., 3 4 miles
$1,859; rentals, $18,000; interest, $107,500 balance, surplus,
openedrn 1 8 8 2 . Mortgage trustee Is Guarantee Trust & Safe Deposit Income,
for
year, $1,038. (V. 61, p. 794; V. 62, p. 364,1177; V. 63, p. 402.)
Co. of Philadelphia. Stock Juno 3 0 , 1 8 9 6 , $ 5 0 1 ,9 0 0 . Extension Cran
berry to Lmville, 14 miles, is being built by a separate company and
E lm ir a & L a k e O n ta r io R y .—Owns from Canandaigua, N Y.,
was under construction m October, 1 8 9 7 .
'
Chemung Junction, 64 miles; Sodus Point to Stanley, 34 miles; other 2
E arnings .—For year ending June 30,1897, gross, $40,256- net —total, 100 miles. A consolidation in December, 1886, of the Sodus Bay
A Southern and other railroads. Leased at cost of operating to the
1894 95; charge^M ?!?'. $5?’318: net’ $14’139’ aSainst *9’162
Northern Central, which owns all the $1,500,000 stock. Lease may
be
terminated on thirty days’ notice. Year ends Dec. 31.
fiE a s t & W e s t R a i l r o a d .—Cartersvllie, Ga„ to Pell City Ala 117
E a rn in g s —
Gross.
R et.
In terest ,<£c.
B a l ., d e f.
miles; branches, 5 miles. Extension from Pell City to Birmingham is
$5,906
$57,568
$51,662
projected. Formerly the E a st J- TTcs( R R . o f A la b a m a , sold in fore 1896...................$665,485
65,655
157,291
closure May 29,1893. (V. 56, p.923.) The present company was incor 1895................... 594,615 loss. 91,636
41,834
75,613
porated under laws of Alabama Jan. 11, 1894. No bonds issued 1894................... 540,221 loss. 33,729
President, Edward Kelly, New York. In year ending June 30,1896’
E lm ir a & W ill ia m s p o r t R y .—Owns from Williamsport, Pa., to
net>_®4>243i charges, $9,736; balance deficit, $5,493’ Elmira,
N. Y., 753g miles. Leased to the Northern Central Railway
In 1894-95, gross, $78,196. (V. 55, p. 938; V. 56, p. 463, 923.) T
for 999 years from May 1, 1863. The dividends on the common stock
"■ E a ste rn K e n t u c k y B y .—Road Horn Riverton to Webbville, Kv.. are 5 p. e. and on the preferred 7 p. c., less taxes, making dividend on
36 miles. Chartered in 1866 and opened through in 1889 Stock is common 4-58 per oent and on preferred 6-38 per cent. Year ending
common $1,697,800; preferred $1,779,500. There are no bonds Bills Dec. 31, 1896, gross, $1,014,190; net, $214,944. In 1895, gross, $923,and aocounts payable June 30,1895, $59,630. Earnings for year end 762; net, $141,217; rental, $169,678.
RAILROADS.
Miles Date
of
For explanation of column headings, &c., see notes of
Road. Bonds
on first page of tables.
D u n k .A l. Val. A Pitlsb.— W . & Venango 1st M., g.c
35 1870
35 1872
Warren & Venango, 2d mortgage.....................e
56 1870
Dunkirk Warren <fePittsburg, 1st mort., gold. ..c
56 1872
2d <fe3d mortgages ($200,000 only are 3d M.).c
D u rh a m A N orth ern R y .— Stock, $500,000 auth...
42 1888
First mortgage.................................................
1873
E a st B roa d Top HR. A Coal —1st mortgage..........r
E a s t M a h a n o y R R .— Stock...................................
36
E ast P en n sylva n ia —8tock6p.c gu.999 yrs.PhiL&R.
36 1888
1stM.t gold, guar. p.&l. byP . & R. RR. (end.)...c*
E a st St. L A C aron .— Stock (Pa. Co. owns $310,000)
1890
E ast Shore T erm inal— 1st mortgage, gold.......... c*
1894
Fimded coupon scrip (1st and cdnsol. mortgages)
1892
2d M. ($300,000), g., red. at 105 &int. anyM.&S
1871
E a st T enn. A W estern N. C a r.— F ir s t mortgage......
E a st A West R R .— Stock $1,500,000......................
E a stern K e n tu c k y R y .— Stock ($1,779,500 is pref.)
Eastern (N . H .) — Stock.........................................
16
94
Eel R iver— Stock...................................................
187 1891
E lgin Joliet A E astern — 1st M. ($10,000,000) gold.o*
Elizabethtown L e x . A B ig S a n d y— S ee Chesapeake & Ohi 0.
120 1884
E lm ira Cortland A N orthern —1st pref. M.. gold, .c"
1st mortgage, gold, guar, by Lehigh Valley__ c* 120 1884
Canastota Northern 1st M., guar, (see text).......
1886
34 1884
E lm ira A L a k e Ontario —Sodus Bay &So.—1st M., g. c
E lm ira A W illiam sport —St’k, com., 5p. c. ren’l,N.C. 75ks
Preferred stock, 7 p. c. rental, 999 yrs.,No. Cent. 75*2
1860
1st mort., convertible into common stock at pai.r 75
1863
Income bonds, 999 years to run.................... c*
85
E rie A P it ts — Stock, 7 p. c. rental,999 yrs..PennCo.
Consol, mort. (for $4,500,000) free of State tax.c
81 1868
Equipment bonds.......................................... c
81 1870
81 1890
Central mort.. $4,500,000 series A. gold. guar...
T*
RA1LKOAD STOCKS AND BONDS
Oc t o b e r , 1697. J
55
.
WESTER*
MAP OP THE
ELGIN, JOLIET
AND
'Wadsworth
EASTERN RAILWAY
ilf f/l
nuon
CHICAGO
Gann
OUTER
: WAUKEGAN
B E L T L IN E
KoeWelter
C O NNE CTING ALL RAILROADS
CENTERING A T CHICAGO.
nr»uJ Lai
X ake
7, a r i c h '
lA R R iN G T O N
Dm Plain,>
,Erne Mon'
E LG I
SPAULDING
">pmu
St.Clowk?
■Bhowt.
K»pterO!te
iH IC A G O
M I C H|,
WolfW
AM ANTO
lALKER
PkittfMti i
OrluEil
'A lp in e
Thorat.
■ a lu m r &
J O L IE
Valparaiso
\
1f \
Crown
Psielcy
Point
i je , it o v
Koo?
HebrotT pjttsbuhq
-Sj-jaerti
Lowell
rnldwol
WheatOold
Brmflrui
Kankakee
[SLAnoe
Jo Kincardine
u
Watertown
Baldwin
©
Sand Bead
Peutwater
Big Bapids
Toronto
Central Square
Rome
Alum
Syracuse s
^Clifford
J > < r ,lla in il tui
—s US F
.Woodstock
,
f i l l uhh\ p~p \
E*vON < , ,
L^><^S\mcoe^
Holland
;a n s i n g
CoblesktU'
fV oo^s1"
% 'S
St. Thomas
ALBAf'lVj
'Cortland
"5.cVOW
C a ta K U f
lattlo Creek'
v/Kalunmzo
Jackson
Wludsoj
Bonton>Iurh(n{
Homer'
flUN
UTowanda
Cassopolig.
Sturgis
5
3
HillsdTjfkT
m
oc
ioshon \ r
C
Williamsport
hwavville
Uaucb CluuiK
F rem pn f
instmu
Sunbuvy’
ilonon'
03
Allentown
B u t le r
Tyrone
icster
Reading
jokomir
La Fayette}
jteuben
RENTO!
•SBURG
Jheellnj.
'S sy* <
Tank fart
HARRISBURI
Johnstown
Andon&Vn-.
Bellninj,
Muncle
NdConiiells V.
fanesvii
Bedford
W inslow Jc
Itockwood \_---- -
hniond,
t
-1
W
S
PHIWgEU
Coshocton;
q
hj
q
w
tz!
H
j cumberlam
Caldwell
iGreenca&tli
asliingtn
.Gosport
Marietta^/
Logaiv
Cbilllcothe
Columbus
J/Law renceburgj
Hillsbbro
"Fairmont
/Ather
’arkersburg
(McArthur
Ritchie
Bedford
Vincennes
S tra s b u r/J«
Buckhannon
MadlsonJh^
litchell
Portsmouth
MaysviUe)
Greenup
Jeflerg)
LAI»na\
E v a n s v ille
1Owensboro) K
Fohnson Jc.
Grango
Paris
.^cheater
BALTIMORE1
Davis
Weston
’omeroy.
N. Vernon
Harper
Grafton
Jti.vortoiT
WASHINGTQI
Manassas;
Gallpolh
•^uantlcoP^i/V
Ironton
Fredericksburg
M A P O P T IIP
Orange
E R IE
R A IL R O A D
<1
o
Charlottesville
^CHMONO
9
KAILROAD
October , 181*7 J
STOCKS
AND
BONDS.
37
Bonds—Brines
INTEREST OE DIVIDENDS.
RAILROADS.
------■Miles Date iSire, or Amount
pal.vhen Due*
of
Rate Per When Where Parable, and by Blocks—Last
Par
For explanation of column headings, 4c. .see notes of
Road. Bonds Value. Outstanding Cent. Payable
Dividend.
on first page of tables.
Whom.
R ailroad Com pany —Common stock...................
Prof, Rock, non cam. ($16,000,000 Is 2d pref.)..........
A — O ld
t t o n d a
R O A X te
0 O .v -O I .t O A
100 100.000,000
100
46,000,0(10
TED.
2.492.000
X.Y. A £. 1st M..Pi«rm. to Don., ext., ’07, gold-.e* 446 1847 1,000
d g.
5 g.
2.149.000
2d mortgage, (extended in 1879) gold........... 0* 446 1679 1,000
4-16 1853 1 1,000 I 4.617.000
3d mortgage, (extended in 1883) gold ......... r
465 1857 1,000
2.926.000
5 g.
4th mortgage, (extended in 1880) gold..........c
709.500
5th mortgage (extended in 1888), gold.........c* 465 1808 500 Ac.,
4 g.
182,600
Erie R'y.lst M.,Buff.Br., Huruellav. to Aniea.g.c* j 60 1S61 200 4c.;
i g*
526 1870 1.000 ; 16,891,000
1st consul, mart, $30,000,000, gold, S A
l g7
S.
N. Y. L. E. A West funded coupon bonds, gold.o' 526 1878 ;500 Ac. 3,699,500
2.380.000
Bud.
Y. A Erie, 1st M. (Buffalo to Corning, .e* 110 1876 1.000
67 1877 . 50 Ac. 1.500.000
Buff. 4 SotHhw., 1st M., Buff to Jamestown, g.c*
12 1868 1,000 ■ 250.000
! SNewburg A X. Y. 1st mom, extended m 1889. e'‘
23 1870
1,000
Saspen. Bridge 4 Etle June., 1st M,. gu. by Erie
7
965.000
It—H ondo OS PjtOI*E«Tl£3 COSTBOMKO 8V OWSK B S H I P lop Ests RE(*) OR A 31 AJOJtITY
1,000
6
200.000
•Bergen Co. HR., 1st M..Ruth, Je. to Rldgrw. X.J.
10 I860
1,000 ; 12,000,000
•Ch.4 Erie 1st M.,g.(Marion, 0 ..toHamm'd.tnrt.c1 249 1890
5 g.
1838
300.000
Chicago 4 Atlantic Terminal, 1st niort,, gold...........
ioao 1,000 ;
5 g.
JElmira State Line Railroad, 1st mortgage.......
7 1875 500 Ac.
160.000
246.500 ■ 0
IfGwtb. A Decii’fn , 1st 4 2d M’s..($60,000 areSd) .... •68 'SO .......
8 1867 500 Ac.
•Jcffcr»'n,lat42d M's.,ex,in*874*89!H'dale Br.tc
4% A 6
1st wort., Carbondaio to S. depot, gold.......c* -37 1889 1,000
2,800,000
1885 1,000
•Long Book Co.eona.M..g.(iiow 1st M.ifseetextic*
7.500.000
*86-*67 .........
» Mont. A Erie, 1st A 2d mort (*40,500 art! 2d»)
170.500
40 1890 100 4c. 1.600.000
bK, Y.A Greenwood L..Prior Lien M.,$l ,500,000.*.
«•
34
; New Jersey AN. Y., 1st M. (reorganlxatloui.. .e*
1880 1.500 AC.
400.000 !
34 1885 .500 &e.i
2d 5*., E m Je., to Garnewv.,28 m.,A bcha, 5 tu.r
2,660
5
Gen. M„ $1,200.000 (red. 105 after 5 year*)... g
1893 500 4o.j
503.000
5
X. J.A N.Y.Exb n. 1st 54., int. gtt.liy K.J.4K.V.
1867 1,000
6
6,000
N.Y.L.E.A W.C.A RR. 1st 31 .-lawful money**..1882
1,000
6 cur.
1, 100,000
•S. Y, L.E.AW.D.A I,CO. 1st. ML, nee V. 56, p.82.e*
1883 1,000
3,306,000
6
*N. Y. Pa. 4 Ohio, prior lien M.,eotd,$ A £
431 i860 500. Ac. 8 ,000,000
4tjg.
Do. Leaned lines—aee separate statement* fori Clev. Allah. Valley HR., Sharon Rf. and
ITloga Railroad bond*. (See that company)...... : .... *52 -75 500 Ac.
501.500 5 4 7
t —t r i e Kah.rou> Compart Nkw Bosom.
y ew 2d mart, on Buffalo A Southweafn. gold
67 1895
1,000
1,000.000
5 g.
New 1st couaol. 31. for $175,000,000 -Meant)..*:—
Prior lien bond*. $35,000,000, gold...........e'Ar
1895
1,000 30,000,000 1
1695 1,000 31.032.000 » 4 t.
__ Gen. lien. $140,000,000, g. 3 ". tv JTy.*98) f j t r
|£
E rie & Flttebura: l t l l . - 0 » i « New Cajitle.PA, tv Girard. Pa., 81
mile*; branch, to Erie Ducks. 3 miles; trackage, to Erie, 17 mflee; total
operated. 101 miles. Leased to the Pennsylvania Railroad for »»9
tar* from March l, 1870, at » rental of 7 per cent on stock and
ft®**! on the bonds, and the lease transferred tv the Pennsylvania
Company. Under the general mortgage sufficient bonds are reserved
tv retire prior bond* when due. In Sept. 1807, the Pettaxy! ivmta RR.
offered to purchase the ooodot ?» due July 1,1898, an la-ue of guar
anteed trust certificate* having been issued la part for this purponc.
- V . 65, p. 572.
E abjbs&s,—the lease hm twsea ouite unprofltald* to the les/nm, the
deficiency being In 1892. $206,430; In 1893, $198,210; In 1904,
$86,212; la 1393 profit *7.524; in 1800 l o « *321.756. (V. 65, p. 572.)
E rie R a ilr o a d .—-Ire Map on adjoining page.—Embraces trank
Hub from Jersey City, opposite New York City, tv Chicago. I ll, 066
mile*. andtBffilWMM 1,153miles; total,2,13$ mile-: second track, CIO
miles; elding*. 1,101 m ite; total of all track, 3,727 wiles. Thu total
of 2,137 ml!*?* comprise*;
S
Lines owned in fee.
Milts.
Fiermont, X. Y„ to Dunkirk. ..-44?
Buffalo tv Jameatevrn._____... 67
Buffalo to Corning............... ..,140
Other branch**..................... ,.112
Stock all * or nearly all I owned.
'Chicago 4 Erie............
5249
•Jclfemm RK. ....................... 5 45
IN. Y. A Greenwood L. <4 lit*.. 551
INew J*r-ey * Xew York.... 535
543V
•Xypano R R ...,............
tTfoira RS........... ................
58
Other Hue* ..............
173
Leased lines.
Miles
Avon Gen. A Mt M orris......
Montgomery A Erie.............
Goshen A Doetmrtown....... .
Hvch. A 6 mwmf Valley ......
«fl8
f 10
r 12
*16
leased lej Xt/imno UR.
Vlmse. A Mahoning V»1.......... %81
Sow Castle A .Shod. Val ----- "17
Sharon Railway
.......... . %15
Operates So. o f S. J. and pur-
eboned control la July, ‘97. f*2«
103
Other lino*.........................
Trackage................................
54
..2,163
1,807 All line* i a system .......
Set, this company.
IliWOBT.—On Dec, 1,1895.auceeedod to the property of the old Sew
York Lake Erie A Western RK, Company. »«M in foreclosure on Xo v.
0 under it* second consolidated mortgage. The new company holds In
fee or through ownership of all or practically all the stock ot the Inde
pendent companies, the line f rom Sew York to Chicagodncludlns the
Xypano Hit, and Chicago A Erie oompani, o and also all hraneb arid
subsidiary lines except • few small properties aggrogatlng about 300
miles held under tousle, m reorgahUatlon via it of August. I893,was
given at length tn V. 61, p. 368.
In 1896 the Xew York A Greenwood Lake was leased per plan In V.
02. p. 233: V. 63, p. 189: the Avon CCS. A Mt. Mor. leased per plan In
V. 62, p. 319, and control of the New Jersey A Now York was pur
chased, (see V. 62, p. 683) tn all 87 mile* of road- Control of Northern
RR. of X. J. wa* purchased in July, 1897.—V. 05, p, 151.
Cost, 4TO STEAMBOAT PmiotmTT.—Tho Erie coni properties r« pre
sent an aggrogatv of 10,590 acre* of Mthraelto, of which about
9.000 acres* are hold lu feo; otoe 53,000 acre* of bituminous coal
land* held lit fee 1 4 ,0 0 0 acres of bltumlnoiw hold under mineral
right*. i!< coal tonnage lo the rear 1896-97 aggregated 9,731,957 out
of the 20,122.08ft ton* hauled. Tim Union steamboat Company huh it*
terminal and other properties In Buffalo and a fleet of seven lake steam
er*. See V. 83. p. 514.
Stock,—The stock 1* to be held by J, Pterpont Morgan, Louis Ftij;gerald and Charles fM M it , Bart., voting trustees, for Hvb years, and
thereafter untti the now first, preferred stock shall have received 4 per
oeot cash dividend in one year. In the meanwhile certificates of
beneficial Interest are outstanding. The new eompany reserves the
right, to redeem either sIam of its preferred stock at par In ca*h. Pro
visions of voting trust and preferred stock eerUfleate were given in
W r i n U R of April, 1897, page 3.
Boko*.—New York 4 Erie first 7* for $2,432,000. dm- May 1. 1897,
were extended for SO years at 4 p. e.. payaidc p, A 1 In gold. V. 64, p.
180. KNo. The new first consolidated mortgage is for $175,000,000
1Fanners* Loan A Trust Co, trtiste«j~*e.- abstract of deed V. 62, p. 86
and secures #35,000.000 prior lien lionds and #110.000.000general Uou
Total...................
h m i , . , . .11
/ i c „ ./,„„.-f5 ,$ .-,.v ii0 .-.» N i
•!>>:.< u.-cd
for improvements.
Of the *140,000,000 general lien bonds. #91,908,000 aro reserved for
the ultlmaro oerpiisttfon of ail bond# and gnnntnteod stocks now left
undisturbed on various parts of the system iexeeptlng the 31.000,000
second* on Buffalo 4- Southwestern—see list. V. 02, p. 89], and
*17,000,0»i0 are reserved for new construction, betterments, addition#,
etc., after 1897, tinder carefully guarded restrictions, not over
Si ,000.000 to he used In anyone year. Tho general lien bonds tionr
interest from July 1, 1896. first, coupon being January!, 1897. at
3 Tfr rent per ammm for two years and 4 [s-r rent thereafter.
The positiiTi of tie- first o n -olid ated mortgage is substantially
f* Mffiows 1 If. 1# a first- lien, either by mortgage or collateral trust
(the prior lien bonds, however, preceding the general lien bonds) upon
the company*, principal coal properties, upon its water transporta-
A
A
A
A
A
A
X, X. Y., 21 Cortlandt
S.
do
do
8.
do
do
O.
do
do
do
D.
do
J.
do
do
& 8.
do
do
do
A 8.
do
A D.
do
do
A J.
do
do
A J.
do
do
A J.
do
do
C) o f Capitai, Stock, ob B u m ,
A. A 0. X. Y „ 21 C'ortiandt St.
M. A X.
do
do
J. 4
J.
do
do
A. & O. Elmira,ChemtmgCo.Bk
Various
..............
J. A J. Phil a., Fidelity Tr. Co.
A. A 0. X. Y., 21 Cortlandt St.
A. A 0. X. Y.,J. P. Morgan A Co.
Various X. Y., 21 Cortlandt St.
M. A X.
do
do
M. A X.
do
do
J. 4
J.
do
do
J. A
J.
do
do
ML A 8.
do
do
M. A N. X. Y „ 21 Cortlandt St.
J. A
J.
do
do
M. A
8.
do
do
Xew Cos tie & Shun. Valley.
Various.
..............
May 1, 1947
Sept. 1, 1919
Mch. 1, 1923
Oct, 1, 1920
June 1, 1928
July 1, 1931
Sept 1, 1920
Sept. 1, 1920
June 1, 1910
July 1, 1908
Jan. 1, 1929
July 1, 1900
Lease.
Apr. 1, 1911
May 1, 1982
July 1, 1919
Oct. 1, 1905
1928-29
July 1, 1927
Jan. 1, 1909Oet, 1, 1935
1926-27
Slay 1, 1,946
May 1, 1910
Jan. 1. 1986
1933
June 1, 1910May 1, 1922
Jnlv l, 191s
Mar. 1, 1935
J. 4 J. X. Y., 22 Cortlandt St
July 1, 1908
1905 & 1915
J. 4 J. New York 4 London. 'Dm. 1, 1996
.1. A .1. X. Y„ 22 cortlandt St. Jan. 1. 1996
tivn Hue*, including valuable terminal properties appurtenant thereto
and upon a number of profi table local line* In Xew Jersey and near
Buffalo; It 1b a ireond hen upon the remaining coal properties and
than those upon which It Is first Men, and upon the entire line from Sal
amanca to Chicago; It Is a second amsotidaleel mortgage upon the lines
of the origin il Erie Ry. between Plcrmont and Dunkirk (146 miles.)
Otd Bo-vls -Under the first consol, mortgage of 1895 tho company
oovenauta to pay the Intercut regularly on all the old bonds In the
table that are marked with a ' or a : loxoopt X. J. A X. Y. lionds,)
and to take them up and pledge them with tho trustee at maturity.
A description of tho Long Dock 6* wic* tn March, 1894, 8UWLBMBHT
under X. Y. I. K. A W. The yearly rental Is $490,000.
For Jr. r. Lake Brie d tr. Coal a lilt, *<•« Sopfmsmk.st January, 1895.
Fixed Charok.*.—“ Tile fixed charges of tho Erie System (calculated
on all bonds which will lie outstanding on completion of tlm re.orgnnIzation) arc reduced from 89,100,000 to $7,860,000 per annum (in
cluding jirinr lien bond* $1,176,000; undisturbed bond# and Brook
$5,500,000; general lien bonds, $1,1 H1,000) and for the first two years
after reorganlxatlon a further reduction of about $300,000 per annum
1* made to an amount nearly equaled by the net earnings of the
property In 1893-94,
OustsKAt. ErsAjtCKA—The reorganlxation provided a fund of
$25,015,600 to lie n«cd •* follow*: To pay floating debt, $11,500,000;
to pay collateral trust bonds, $3,673,000; to pay prior lien hoods,
$2,500,000; early cotuitruetlon mpilremmits (system) and expenses,
$S,$3?,2**8, , fir trust- ror three yearn, $2,000,000. Tho old company
W«s greatly hindered by lack of enpltol. but till* Is remedied by the
bond Issues allowed under the new mortgage. Tioga RR. third-rail
mortgage hood* for $125,000 which matured Nor. 1, 1896, were pur
chased by the Erie and held in it* treasury. New York & Erie first 7s,
due May 1. 1897, extended for50 years at -1p.o. v.fl-t.p, 180, 063, Con
trol of tho Northern RR. of Xew Jersey (which h:i* been operated)
was purchased In July, 1897.
E.1 HM8 G*.—2 month*, ) 1397...GmsH, $6,032,685; net, $1,761,349
July 1 to Aug. 31.
<1806...Gross, 5,323,199; not. 1,644,642
Asst* Af, Ry i-oht.—Fiscal your end# June 30. Report for 1896-7, earfiring first full Ibcitl year of new company, was given In full In V. 60,
p. 665. 666:
also editorial on page 651. Statement of earnings
and expenses for 1896-7 was giv-u in V. 65,;,. 015, and for the. pnrP"*c „ f comporieon similar figure* arc given for the twelve months
ending Jane ;to. 1 s-ni; fhi* latter period consists of seven months* op
eration hr this company, as shown in its first annual report, and five
month** operation by the receivers of the old Xew Y*ork Lake Erie &
Western liaUriuet Company.
12 months
to Jane 30.
flense.
Yet.
Other Die. Charges. Rat., Sur.
1897...... $31,197,030 $3,150,936 '-$313,513 $8,118,430 $352,019
1896...... 31,645,487 7,926,08-1
.................................................
•TXorK.—Include - net earnings of Erie Coal Co.'s, $134,312.
The earnings from 1892 to 1895 Ineluslva, eliminating all cross
entries, etc., have been approximately;
Tear en d in g - Serif. 30.",15. ttept. 30.*94. Sept. 30,*93. .«epf.30,*92.
Cross................. $29,207,044 $28,813,513 $34,194,854 $35,239,693
Net earnings.... 0,909,057
7,383,114 10,295,621 19,682,872
incomefromoth,
Miurces......... ( e«t ) 100,943
* 16,886 Dr.245,621 Dr.232,872
Net........... . ”$7,100,000 $7,100,000 $10,050,000 $9,450,000
Oppicbk*—President, E. B. Thomas; Vice-President, G. it. Cam
ming; Second Vice President, W. F. Merrill; Third Vlce-Pre#., Andrew
Donaldson; Fourth VicoPres., G, G. Cochran; Secretary, ,1. A. Mid
dleton : Treasurer, Edward White; Auditor, J. T. Wsmn.
DlW.i TOiis.—C. H. Coster, J. J. Goodwin, Abram S. Hewitt, John Gl
MoCullough, D. O. Mill-. Alexander B. Orr, George W. Quintard.
Samuel Spencer. Frahcta Lynde Stetson, Eben B. TfiomfiS, J. Lowber
Welsh, Samuel E. Williamson and R. 51. Gallawtty.
-(V . 03, p. 189, 229, 338, 477. 408. 512. 922; V. 64. p. 180 373.
663, 952, 1011; V. 68, p. I l l , 151, 232, 615, 651, 665, 066.)
E u reka .spring* K y.—SeHgman. Mo., to Eureka Springs, Ark,, 18to
.-Titles. Stock. $500,000; par, $100. In year ending .Time 30, 1897,
gross. $60,058; net, $20,208. In 1895-96 groM, $62,740: net, $31,996.
K vannvtllo A 1 n dln nu poll* B R . - Owna Evansville to Terra
Haute, tnd. (via Worthington), 138 miles; branch 6 miles; leases branch
12 mile*.
History, Etc.-A consolidation In 1885. Of the consols $904,000
held to moot prior liens. The consols, and tho bonds of 1924 are guar
anteed by Evans. A Terre Haute, which owns capital stock, $2,000,000.
Latkbt Earxixos.—From January 1 to Oct. 7 (0% months), gvawif
$213,249 in 1897; $229,426 in 1890, In year 1896, gross, $280,529.
INVESTORS’ SUPPLEMENT.
as
[V(u. LXV\
S u b scrib e rs w i l l c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
Bond*—P rinci
INTEREST OR DIVIDENDS.
BA ILB OA D8.
Miles Date Size, or
pal,When Due.
A m ount
Par
of
Rate
per
of
When
Where
Payable,
and
bj
Jf or explanation o f colum n headings, &o., see notes
S to c k s— L a s t
Outstanding
Cent. Payable
Boad. Bonds Value.
Whom.
on first page o f tables.
Dividend.
l l a i l r o a d — ( O o n e l ’ d ) — 1»— C a r T r u s t * , E tc .
....
1888 $1,000
N. V. Car trust, 1888, ser. A. (guar, oy D. <St H .)..
....
1,000
N .Y .L.E.& W. car tr.,B. to G. inol., part pd. an.c* . . . .
1,170,000
. . . . 1895-6
New Erie RR. trusts (V. 63, p. 5 1 4 )........................
’88-’90 £1 00
1,695,864
N.Y. Pa. A Ohio eo. trusts, snk. Id. 3?, dr’n at 100
A von Geneseo & Mt. Morris and R ochester & Genes see Va lley Sto eks—Se e th
1,000
500,000
19 1883
B u r e k a S p r i n g s — 1st m ortgage, g o ld ........................0
500
500,000
1883
....
2d m ortgage incom e bonds, non-cum ......................
1,000
40 1879
251,000
E o a n s v i l l e d I n d i a n a p o l i s — T. H. & Southe.lst M.c*
1,000
648,000
55 1884
E vansville & Indianapolis 1st mort.. gold,guar..o*
1,000
1,601,000
Con.M .($2.500.000)g.,gu.p.At.(end.jEv.&T.H.o- 135 1886
50
4,132,100
___
50
1,284,000
Pref. stock, non-cum ulative. See t e x t .................
30,000
Consolidated m ortgage (now 1st lien), g o ld ......... 115 1880
1,000
3,000,000
1st consolidated m ortgage, g old ...........................c* 144 1881
1,000
25
1883
375,000
Mt. Vernon Branch mortgage, g old .....................e*
1,000
30 1890
450,000
Sullivan County Coal branch mortgage, g o ld ., o*
1,000
2,223,000
199 1892
1st general m ortgage for $7,000,000, gold ....... o*
49 1870
1,000
775,000
E v a n s v i l l e T e n ' e E . d C h i c . — 1st M., g.,int. guar..o*
49 1873
1,000
325,000
2d m ortgage, gold, int. guar, by Ch. & E. I ll— tv
1881
150,000
50
5,000,000
F a l l B r o o k — Stock ($500,000 is 7 per cent, p ref.)...
___
1,000
1888
320,000
F a r m v i l l e d P o i o h a t a n — 1st rnort. for $ 5 5 0 ,0 0 0 ---1,000
1889
500,000
1894
1,000
F i n d l a y F o r t W a y n e d TP. R a i l w a y — 1st M. gold ..c*
1.200,000
1894
1,000
800,000
100
7,000,000
100
....
17,360,000
Pref. 4”rer cent stock, non-cum ulative...................
Bonds,$500,000 yr’ly,*99tol903 inel., bal. 1908. c* .... '79-’88 1,000
4,500,000
1889
750,000
1887
Bonds to State o f Mass. 4 p. c. since Feb., 1897..
5,000;000
1,000
1890
Bonds..............................................................................
500,000
Bonds ($1,500,000 due 1907, interest A. & O .)...
— *84-’87 1,000 2,500,000
E r ie
R e p o r t .- Fiscal y e a r ends June 30. In 1896-7 g r o s s , $278,428 ;
net, $68,020; interest, taxes, etc., $174,444; foal., deficit fo r year,
$106,424. In 1895-96, gross, $307,528; net, $90,711; interest, taxes
and rentals, $17 5,838; balance, deficit, $85,127. (V. 63, p. 8 7 8 .)
E v a n s v ille S c R ic h m o n d R y . - Owns E lnora to Seymour, Ind .,
80 miles, and coal and stone spurs, 10 miles. From Seymour to Westp ort, 22 miles, washed out and abandoned, but m ay be rebuilt and line
•extended to Richmond, Ind., 74 m iles from W estport.
A reorganization o f the E. & R . R a i l r o a d , sold in foreclosure in
March, 1897 ( V . 64, p. 610), and July 20 turned over to new com pany, o f
w hich the E. & T H. owns the stock. Capital stock is $1,500,000.
F irst m ortgage fo r $14,000 6s, and a second m ortgage for $180,000 o f
20-year 5s authorized.
A s to Evansville &, Terre Haute guaranty
•on old bonds, see V. 64, p. 663, 687.
E a r n i n g s .— F o r c a l e n d a r y e a r 1896, g r o s s , $117,660; n e t , $9,237.
In 1895, g r o s s , $111,878 ; net, $25,696.—(V. 65, p. 151.)
E v a n s v ille
Sc
T e rre H a u t e R R . —The system in clu d es:
Road- o w n e d a n d o p e ra te d .
M ile s .
Evansville to Terre H a u te..
Branches to Mt. V ernon, etc.
E vansville Belt (stock held).
109
53
5
C o n t r o l l e d —o p . s e p a r a t e l y .
M ile s .
E vansville & Indianapoiisll
Evansville to Terre Haute
v ia Worthington, e t c ........... 156
Leased to other c o .’s R ock
T otal in earnings................. 167
ville exten sion.....................
23
If See this Company.
E vansville & Richm ond 1T___ 112
O r g a n i z a t i o n , E t c .— Formerly Evansville & Craw fords ville RR. Has
olose traffic contract with Chicago & Eastern Illinois for route to Chicago.
S t o c k . — In May, 1895, $1,284,000 preferred non-oum. 5 p. c. nonv otin g stock wns issued for Evansv. & Rich, bonds p er V. 60, p. 43.
D iv id e n d s
>1881. ’ 84. *85. *86. *87-’90. *91. *92. *93. none
O n com m on stk. 5 4 ^
5
3
4
5 y ’rly 7
711 7 ^ 1 since.
IT A lso 5 p er cent in bonds. 1 A lso scrip dividend; see stock abo ve.
O n p r e f e i r r e d first dividend, declared in Sept., 1896, was 2 p. c., p ay
able 1 p. c. Oct. 1 5 ,1 8 9 6 and 1 p. c. A p ril 15, 1897; Oct., ’97, none.
B o n d s . G u a r a n t i e s , E t c . —The E vansville & Terre Haute endorsed
P eoria Decatur & E. notes for $325,000. Certain Evansville & Indian
apolis bonds are also guaranteed. Car trust notes June 30, *97, $86,052.
The Ev. & T. Haute general m ortgage covers 182 miles o f road owned
and $3,500,000 o f stock o f proprietary roads, having a mileage o f 277
miles. Of the authorized issue $3,855,000 are held intrust to retire the
prior bonds and car trusts at maturity, the m ortgage providing that
th e prior liens shall be paid and not extended.
j . & j . N. Y., 21 Cortlandt St. *63,000 Jan.
Various
do
do
Y early to 1905
do
Y early.
do
Various
London.
1908 & 1910
5 5
( .........
(1)
6 g.
OSE Cos.
6 g6
7
6 g.
6 g-
F. & A. N. Y ., Mercantile Tr. Co.
F e b ’y 1. ’ 92-3 pd. 3*; *93-4 none.
M. A 8. N. Y ., Farm. L. & T r . C o .
J. & J.
do
do
J. & J.
do
do
6 g.
g g6 g.
5 g.
5 g.
6 g.
6 g.
6
See text.
6
6
5 g5
A. & O.
J. & J.
J. & J .
A. & O.
A. & O.
A. & O .
M. & N.
j. & j.
M. & N.
Q.-M.31
M. & N.
F. & A.
J. & J.
Sept. 1.
4 in 1897 J. & J.
5
Various
5
M. & S.
4
F. & A.
5
J. & D.
4
(Various
Feb. 1, 1933
Feb. 1, 1933
Sept. 1, 1909
July 1, 1924
Jan. 1, 1926
Aug. 1. 1893
Evansville, Ind., office. A pr.15,’97,1%
N. Y., Farm. L. & T. Co. July 1, 1916
do
do
July 1, 1921
do
do
Apr. 1, 1923
do
Apr. 1, 1930
do
do
do
Apr. 1, 1942
N .Y ., Farm. L. & Tr.C o. May 1, 190o
do
Jan. 1, 1900
do
do
May 1. 1920
Office, Corning, N. Y . Sept. 30,189 7
May, 1922
July 25, 1923
Jan. 1 ,1 9 4 5
Jan. 1, 1945
Boston, Office.
do
do
do
do
do
do
do
do
July 15,’ 97,2%
Var.’9 9 to l9 0 8
Mch. l f 1899
Feb. 1, 1937
June 1, 1900
1904-5-7
H i s t o r y , E t c .— Form erly Corning Cowanesque & Antrim. V . 5 5 ,
p. 21. Dividends, paid quarterly, are 7 p. c. on preferred and 6
p. c. on common. The coal line of Phila. <te Reading and New York
Central is over this line. The three com panies guarantee the bonds
o f the Pine Creek RR . Co. C. C. & A. 6s for $170,000 were paid off in
August, 1897.
E a r n i n g s .— F iscal year ends June 30.
Y e a r-
G ro ss.
N e t.
Statem ent in V. 63, p. 355:
O th e r in c . I n t .,t a x ., d c . B a t . fo r d iv .
$187,606
$275,268
$27,908
$434,966
1 8 9 6 -7 ........ $630,251
1895-6........ 707,381
180,346
252,002
46,372
385,976
1894-5........ 653,690
214,000
182,155
31,179
364,976
From balances given above dividends am ounting to $305,000 were
paid in each year, being 7 p. c. on preferred and 6 p. c. on com m on.
- ( V . 62, p. 277, 86 9; V. 63, p. 189, 3 5 5 , 7 9 4 ; V. 64, p. 233, 6i o ; V . 65,
p. 5 1 3 .)
F a r m v ille S c P o w h a t a n R R . —Owns Bermuda Hundred, V a., to
Farm ville, 89 miles, and branches to Coalboro, etc., 4 m.; total 93 m.
3-ft. gauge. Completed March 3, 1890. Stock: Common, $4 60,8 50;
preferred, $500,000; par, $100. Loans and bills payable July 1, 1896,
$61,777. In year ending June 30, 1896, gross earnings, $72,988; net,
$21,364; other incom e, $ 1 ,1 5 3 ; charges, $26,313; balance, deficit,
$3,796. In 1894-95, net, $17,573.
F in d la y F o r t W a y n e S c AVestern R a i l w a y .—Owns road in
operation from ju n ction with the “ B ig F our ” at Findlay, O., to Ft.
W ayne, Ind., 82 miles. Uses P ennsylvania term inals in Ft. W ayne
since Nov. 1,1897.
H i s t o r y .— A reorganization o f the Findlay Ft. W. & W.
foreclosure and extended to Ft. W ayne, 20 m iles.
R R .
after
S t o c k .— C a p i t a l s t o c k i s $ 2 ,0 0 0 ,0 0 0 ; p a r $ 1 0 0 .
B o n d s . —Theytrs^ m o r t g a g e is for $1,200,000 gold 5 p. c. bonds issued
at $15,000 per mile. The second m ortgage (incom e) is fo r $800,000.
Mercantile Trust Co., N. Y ., and A llen Zollars, Ft. W ayne, Ind., are
trustees o f both. Interest on firsts to July 1 ,1 8 9 6 , was c a n c e l e d .
E a r n i n g s .— For year ending June 30, 1897, gross, $78,551; net
over taxes, $9 >1; no interest p aid on bonds. In 1895-96, gross, $80,743; deficit under operating expenses; $13,318; charges, $66,645.
—(Y. 60, p. 656.)
F itch b u rg - R R . —Operates from Boston Mass, to T roy, N. Y . , 190
m iles, with branches as shown below:
L i n e s o w n e d -rM ile s
L i n e s le a s e d —
M ile s G e n e r a l F i n a n c e s .— A n Im portant change in the directory took Boston to Fitchburg, M ass....... 50 V erm ont <fc Mass. RR. —
place in Oct., 1893, when D. J. M ackey resigned. Ln 1893 4,000 acres Greenfield, Mass , to T roy, N.Y. 84
Fitchburg to G reenfield Mass 56
o f coal lands in Sullivan County, Ind., w ere bought. In July, 1897, V erm ont to Rotterdam J e t___ 61 Other lin e s...................................
8
Hated $127,000 general 5s, sold fo r equipm ent and old debts.
W orcester to B ellows Falls,
V
t
,
e
t
c
.......................................
90
T
otal
system
June
30
,1897.458
L a t e s t E a r n i n g s .— Jan. 1 to Oct. 7 (91* m onths), gross, $827,237
Various branches........................ 109 D ouble tra ck ................................. 164
in 1897; $822,653 in 1896.
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual m eeting at
E vansville third Monday in October. R ep ort fo r 1896-97 was given
in V. 65, p. 775.
Y e a r e n d i n g J u n e 30—
1897.
1896.
1895.
Total miles op e ra te d ..............
167
167
167
Gross earnings........................... $1,003,430
$1,122,797
$1,038,273
Net earnings.............................
447,622*
480,354
451,086
Other incom e............................
17,191
15,104
13,170
Total net incom e.........
Interest on d ebt.......................
T axes and m iscellaneous____
$464,813
$332,950
52,624
$495,458
$332,353
52,340
$464,256
$327,861
57,261
Balance, surplus......................
$79,239
$110,765
$79,134
Dividends on preferred in 1896-97 (2 p. c.). called for $25,680, leav
ing bal., surplus, for year, $53,559. O fficers —P resideut, H. C. Barlow , E vansville, Iud.; Chairman o f D irectors, W. H. T ilford. 26 Broad
way, N. Y .—(V. 64, p. 610, 663, 687; V. 65, p. I l l , 685, 7 7 5 .)
F v a n a v lU e T e rre H a u te S c C h ic a g o R y .—Owns from Otter
Creek Junction, Ind., to Danville, 111., 49 m.; leases Indiana Block Coal
B oad, 13 miles. On April 30, 1880, leased to the Chic. & East. 111. lo r
999 years; terms, $75,000 per annum and paym ent o f all rentals and
taxes. Stock, *581,370, o f which *483,630 owned by Ch. & East. 111.,
which guar. Int. on 1st and 2d mortgages.
F a ir m o n t T O orsran.tow n & P ittsb u rg ; H i t . — ( S e e M a p S a l t .
<t O h i o . )
Owns from Uniontown,. Pa., to Fairmont, W V a 57
miles; branch, 1 mile. C ontrolled by B. & O., which owns a
ajority
o f the capital stock o f $3,000,000 and funded debt o f *3,00'
D0,000<
•Current liabilities, June 3 0 ,1 8 9 6 , *112,745.
F a ll B r o o k K a l i w a y .—Owns from Corning, N. Y ., to Antrim
Pa., 53 miles; branch to Ulysses, Pa., 40 miles; Fall Brook branch’
7 miles; leases Syracuse Geneva & Com ing B y., Co m in ", N Y ’
to Geneva, N. Y „ 58 miles, and branch, 6 miles; and Pine Creek B v ’
Stokesdale Junction to Newberry Juno., Pa.. 75 miles; total, 239 m iles’
S t o c k — The State of Massachusetts owns $5,000,000 o f the com m on
stock. The preferred stock is entitled to 4 per cent dividends, then
com m on and preferred receive dividends share and share alike. In
year 1892-93 the preferred stock was increased from $16,498,000
to $17,000,000, and in Oct., 1895, to $17,360,000 fo r consolidation.
D i v i d e n d s .— > 1887 *88 *89 *90 *91 *92 *93 *94 '95 *96 ’97
On preferred. 5 2
2
0
2 3^
4
4
3
4 4
4
B o n d s , E t c .— V erm ont & Mass, guaranteed securities; see that c o m '
pany. Tbe debenture bonds were described in C h r o n i c l e o f J u n * l»
1895. V. 60, p. 967. On June 30, 1897, there were outstanding
loans and bills payable amounting to $500,000; there was also a
H. T. D ock & El. Co. 4 p. c. note for $500,000 due A pril 5,1 893 , and a
Constitution W uarf m ortgage note, 4 p. c., fo r $400,000. On Sept. 30,
1896, bonds for $2,750,000 were authorized to provide fo r 4 ^ s due
Sept. 1, 1897, and 6s due Oct. 1, 1897, and in Sept,, 1897, $1,450,000
new bonds w ere authorized for refunding the Cheshire 6s $550,000,
due Ju ly 1,1898, and discharging the floating debt, including notes.
V. 65, p. 463.
BARNrNGS.—From Jau. 1 to Aug. 31 (8 m onths), gross, *4,633,953 in
1897; *4,756,461 in 1896.
A x n u a l B e p o r t .— Fiscal year ends June 30. The annual report f o r
1896-97 was in V. 65, p. 513. In 1894-95 w as included in net earnings
and dividends paid *143,249 dividends on treasury stock; 1897 and
1896 figures d o n o t Include these dividends.
Y e a r . e n d i n g J u n e 30.
1897.
1896.
1895
1894.
Total miles op erated .......
458
458
458
450
Total gross e a r n in g s ..... *7,155,768 $7,606,765 *7,237,724 *6,865,155
Net earnings................ *1,916,790 $l,894,89n $2,035,298 *1,826,986
Rentals p aid ............................................ $259,980 *259,980 $264,980 $264,980
Interest on debt..................................... 1,009,019 1,001,310 1,014,084 985,487
Other interest...................
14,462
878
7,391 59,223
Dividends..........................
603,751
595,096
681,867
502,000
Balance, surplus..............
$29,545
*37,631
*66.976
—(V. 64, p. 234, 287, 707, 952; V. 65, p. 277, 463, 5 1 3 .)
$15,296
9i
«
g j [ Flint $ Pere Marquette
Cavour
Powers
,0® * ' B t * i
RAILROAD.
ta I **x«H
8. ftOOCRS CITY^W
IndianRiver Pcwupjv
feto«keyJ|
Burke’ s Falls?
Clarion
C o le m a n
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Tradlm
Gaylord
o 4 l«te « V
M ancdon*
Black MM«r
iverso CUy
m r°T orn t
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*
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~—— w<y/*#/
i—
^ g a ^ p ^ M tfh ty n City
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A i,h u r «
INVESTORS’
SUPPLEMENT.
[V o i. IX V .
S u b scrib e r* w i l l c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
B o n d s — Prints*
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal When Due.
A m ount
Par
of
Rate
per
of
When
Where
Payable,
and
by
S t o c k s —Last
F or explanation o f colum n headings, &c., see notes
Outstanding
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
on first page o f tables.
Bonds.............................. c
Bonds, (See text.) $54,000 are i s ......................
Bonds..............................................................................
Bonds..............................................................................
Bonds, $2,750,000, all for refunding......................
Bonds. $1,450,000 auth. Sept., ’97. V. 6 5 ,4. 463
M ortgage notes (see t e x t ).........................................
Troy & Boston 1st m ort. (V. 53, p. 4 0 5 ).................
Cheshire RR. plain b on d s.......................................c*
Brookline & PeppereU plain bonds, guar, (end)..
Ft. t& F e r e M a r . — Ft. stk., non-ciun(for $6,500.000)..
Holly W ayne «fc Monroe 1st m ortgage, assum ed.o
Flint & PereM arq’tte m ortgage 6s o f 1920, gold.c
Consol. M .,(for $10,000,000) $20,000 p. in., g.c*
Port. Huron & Northwestern—1st m ortgage....... c
F. & P. M. IstM . Port H. Div. ($3,500.000),gold.c*
Monroe & T oledo purcli. m oney inert., $400,000.
Equipm’t bonds, $40,000 due annually Nov. l.c *
F i o r e u c c & C r i p . C r e e k —1 st M ., $ 1,000,000, gold.c*
F l o r e n c e R R — 1st m ortgage.......................................
F l o r i d a C e n t r a l <£ P e n . —1st M. $5,226 p. m, gold.c*
2d M. (1st on ext., 92 miles) $ 5 ,226perm ., gold.c*
Consol, mort., $7,800,000 ($10,000 p. in.), g o ld ..c’
South Bound 1st M., gold. int. rental M e B a ..c *
F l o r i d a S o u t h e r n R R . — 1st M., $5,000,000, guar.c*
F o n d a J o h n s t o w n <£ O l o v e r s v i l l e — IstM .,s.f.,not dn.o*
Cons. M. for $500,000 ($300,000res’d fo r IstM .)c
Johnstown G. <fc Kingsboro 1st M., assumed.........
CuyaduttaElec. lstM .,gu.,p.& i.,by F.J.& G.RR.,g.
F. J. & G. refunding m ortgage, $700,000, gold.c*
F o r t W a y n e dt J a c k s o n —Common stock ......................
Pref. stock (8 p. c.), 5 ^ p. c. rental Lake S hore...
F o r t W o r t h t£ D e n v . C i t y — 1st M .,g.. $18,000 p. m.c*
F it c h b u r g — ( C o n c lu d e d ) -
....
35
65
281
395
216
235
19
40
575
666
780
136
248
10
26
4
98
98
455
1890 $1,000
1893
1,000
1894
1895-6
1897
1897
1,000
1874
1878 500 &c.
100
1,000
1871
1,000
1880
1,000
1889
1879
1,000
1889
1897
i,oo*o
1887
1894
1892
1,000
1888
1,000
1890
1,000
1893
1,000
1891
1,000
1895
1870 100 &o.
1881 100 &c.
1893
1,000
1892
1,000
1897
100
100
1,000
1881
F l i n t S c P o r e M a r q u e t t e R R .- i '- J e c M a p .)—System includes:
M onroe to Ludington, M ich
254 Palm to Grindstone, etc........... 40
P ort Huron to East Saginaw .. 90 M onroe to Alexis (see b e lo w ).. 19
do
to A ltm ont (3 f t .) . 34 I Total ow n ed.................................648
do
to 8andB each(3ft) 70 I Trackage, D etroit, etc............. 25
14 branches to Fostoria, East
Temporary branches..............112
Saginaw, e tc.............................141 | Spurs and sidings...................177
E xtension from near Monroe, Mich., to A lexis, Ohio (M onroe & To
ledo Ry,), 1 8 ^ miles, was com p leted Nov. 16, 1896; from A lexis the
A nn Arbor tracks are to be used in to T oledo, 5 miles. (V. 63, p. 652).
The com pany also owns 4 steamers valued at $4 >3,564, running from
Ludington and Manistee to Milwaukee, etc. B y its ferry across Lake
Mi ctfigan to M anitowoc, where connection is made with the W iscon
sin Central (Milwaukee & Lake W innebago R R .), the Flint & Pere M ar
q u ette form s part o f a short line from bt. Paul to tidewater, opened in
Ja n u a ry 1897.—See V. 62, p. 455, 636, 819.
O rganization , S ecu rities , E tc .—A reorganization after foreclosure
August 18,1880. In 1889 absorbed Port Huron & Northwestern, etc.
S t o c k .— C o m m o n , $ 3 ,5 0 0 ,0 0 0 ; o u t s t a n d i n g , $ 3 ,3 9 8 ,2 0 0 ; p a r , $ 1 0 0 .
D iv id e n d s
’ 86
’ 87 ’ 88 ’ 89
’90 ’ 91 ’ 92 ’ 93 none
On pref. sin ce ’ 85— 4 ^
5*2 12
6^
6
3*2 4 ^
2
since.
B onds , E tc .—The consolidated m ortgage o f 1939 is a first m ortgage
o n 123 miles o f m ain and branch line tracks. Trustee Central Trust
Co. Port Huron Division m ortgage is for $3,500,000, o f which $125,000
reserved for $104,000 P. H. & N. W. 7s. On Jan. 1. 1897, bills payable
$824,965, including $346,334 for construction o f M onroe & Toledo
R y., but in Sept., 1897, M. & T. M ortgage fo r $400,000 was issued, thus
reducing bills payable. (V. 65, p. 412.) Land grant 50,691 acres un
sold Jan. 1,1 897 .
T r a f f ic .— In 1895 carried 1,528,694 tons, o f which forest products
furnished 43*46 p. c. and grain 10 p. c.
L a t e s t E a r n i n g s .— January 1 to Aug. 31 (8 months).
8 m o n th s—
G ro ss.
N e t.
I n t e r e s t , e tc .
B a la n c e .
18 97.......................... $1,769,097
$435,121
$426,315
eur.$8,806
1 8 9 6 .......................... 1,746,901
429,980
409,813
sur.20,167
A n n u a l R e p o r t .— R eport fo r 1896 was in V. 64, p. 796, sh ow in g :
Y e a r e n d i n g D e c . 31.
1896.
1895.
1894.
1893
T ota l gross earnings..$2,594,621 $2,505,705 $2,392,332 $2,725,238
Net earn’gs over ta x ’s $658,163
$642,200
$648,037
$658,184
Interest on debt.........
613,323
610,248
611,121
605,161
Bal. fo r year...............
$44,840
$31,952 sur.$36,916 sur.$53,023
- ( V . 64, p. 7 9 6 ; V. 65, p. 412.)
F lo r e n c e S c C rip p le C reek R R . — (N a r r o w G auge ).—Owns road
from F lorence to Cripple Creek, Col., 40 miles. Opened Sept. 1, 1894.
Capital stock $1,000,000, par $100. Bonds are authorized at $25,000
per mile. M ercantile Trust Co., N. Y., is trustee o f mortgage. Fiscal
year ends June 30. In 1895-6, gross. $ 5 27,3 74; net, ' $281,796;
charges, $114,688; bal., surplus, $167,108. In 1894-95 gross, $225,095; net, $89,916; charges, $52,918; balance, surplus, $36,998.
F lo r e n c e R R , —Owns from Pee Dee, S. C., to North Carolina State
line, 24 m iles; branch Latta to Clio, S. C., 21 m iles; total, 45 miles.
The Atlantic Coast Line owns all the $500,000 capital stock. D i v i d e n d s
in 1892-93, $10,000: in 1893-94, $19,000; in 1894-95, $38,000; in
1895-96, $50,000. Current liabilities June 30, 1896, $11,955.
E arnings . -Y ear ending June 3 0 ,1 8 9 6 , gross, $170,743; net, $95,790; interest, $27,300; taxes, $4,840; dividend, $50,000; bal., surplus,
$13,650. In 1894-95, gross, $ 1 43,6 82; net, $75,683.
F lo r id a C e n t r a l S c P e n t n s u l a r ^ l R .—From Columbia, S. C., via
Savannah, Ga., to Jacksonville, Fla., Tam pa, Cedar Keys, etc., 940 miles;
o f which Columbia to Savannah 135 miles, is Soutn Bound RR.
H isto ry .—A reorganization o f the Florida Ry. & N avigation Co. fore
closure in 1888. V. 46, p. 289. South Bound RR. was leased for 99
years from Oct. 1, 1893; later its entire capital stock ($2,033,000)
w as purchased.
Sto ck .—Com mon stock is $20,000,000, par $100; preferred, 4 per
c e n t cumulative [ with preference as to both principal aud accum ulated
dividends], $4,500,000. Preferred is exchangeable for auy 4 p.c. m ort
B onds .—J une 30, 1896, car and locom otive trusts, due yearly
t o 1900, $1 40,5 89; notes payable, $315,000. Under the con
solidated m ortgage for $7,800,000 (Trustee, New York Guar
anty & Indem nity Company), sufficient bonds were reserved to
retire the prior bonds at maturity. A rental equal to 5 per cent per an
num on South Bound bonds is undertaken. M ercantile Trust & D eposit
Co. of Baltimore is trustee o f South B ound m ortgage.
L atest E arnings .—J anuary 1 to Sept. 30 (9 m onths), gross, $1 784 -272 in 1897; $1,596,240 In 1896.
h
A nnual R eport .—F iscal year, ends Juno 30. Xu 1896-97
4 6 1 ; interest, taxes, etc., $473,970; balance, surplus, $17 491. On
South Bound HR. (135 miles leased) in 1896-97 gross. $335’ 646* net
$3 9,33 7; interest and taxes, $115,007; balance, deficit fo r year, $75 67 0. In 1895-96 gross, $300,886; def. under operating, $15,725. Total
$500,000
1,932,000
500.000
1,859,000
2,750,000
4
4-5
4h2
4
4
900,000
577,000
550,000
100.000
6,342,000
1,000,000
3,999,000
2,100,000
104,000
3,125,000
400,000
40,000
1,000,000
430,000
3,000,000
423,000
4,372,000
2,033,000
4,241,000
300,000
200,000
50,000
350.000
100,000
436,132
2,291,416
8,176,000
4
7
6
5
J. & D.
Semi-an
M. & N.
Boston, office.
do
do
do
do
M.
&
S.
do
J.
J.
J.
F.
8
J.
6 g. A.
5 g. M.
7
A.
5 g- A.
&
<fc
&
&
&
&
&
&
&
J.
J.
D.
A.
J.
0.
N.
0.
O.
5
6 g.
5 g5 g.
5 g.
5 g5 g.
3%-4 g.
7
6
6
6
4 1s g.
M.
j.
,t.
J.
J.
J.
A.
J.
J.
A.
J.
A.
j.
do
June 1, 1920
Various, 1903*
May 1, 1914
1915 & 1916
Mar., 1927
do
do
Boston, Fitchburg RR .
do
do
East Sag., M ich., Treas.
N. Y ., Merchants’ N.Bk.
N. Y ., Mer. Ex. Nat. Bk.
do
do
do
do
do
do
July 1, 1924
July 1, 1898
Dec. 1, 1911
See text.
Jan. 1, 1901
Oct. 1, 1920
May 1, 1939
Oct. 1, 1899
Apr. 1, 1939
& N. Boston. Intern’IT r. Co.
& j . N. Y., M ercant Tr. Co.
j . Balt., Safe D. & Tr. Co.
& J. N. Y., Guar. Trust Co.
& J.
do
do
& ,T.
do
do
& O. M erc.T r.* Dep.Co.Balt.
& J.
New York City.
& J. N.Y.,Imp.&Tra.Nat.Bk.
do
do
& 0.
& J.
«fc 0.
New York.
N ew York.
& j.
Nov. 1, 1897
Jan. 1, 1934
1942
July 1, 1918
Jan. 1, 1930
Jan. 1, 1943
A pr. 1, 1941
Jan. 1, 1945
July 1, 1900
Apr. 1, 1921
1913
Oct 1, 1922
Ju ly 1, 1947
&
512 M. & S. N. Y .f Farm. L. <fc I t . Co.
4 ( 6 ) g. J. <fc D. N. Y ork, M ercantile Tr.
surplus on entire road for 1896-97, $51,440, against deficit o f $111, 884
in 18 9 5 -9 6 — (V. 64, p. 79.)
F lo r id a F a s t C o ast R y .—Owns from Jacksonville, Fla., v ia
St. Augustine, to Miami, 366 m ile s; branches to Palatka, San M ateo
an dT ocoi, 19 miles; Atlantic *& Western, Blue Springs to New Smyrna,
Fla., 28 miles—total 413 miles. A consolidation o f several roads in
1893 into the Jacksonville St. Augustine & Indian R iver, and name
changed in 1895. R oad is ow ned b y Henry M. Flagler, President, 26
Broadway, New Y ork. Old bonds canceled. F or year endiDg June 3 n,
1896, giTMs earniugs were $698,569; net, $178,724, against $L44,080
in 1894-95; charges, $581,234; deficit, $402,510. (V. 61, p. 112, 470.)
F lo r id a M id la n d R R . —Kissim m ee to Longw ood, Fla., 44 m iles.
Successor in Sept., 1896, to F lorida M idland Ry.; w hich was sold in
foreclosure Mar. 4, 1896, to M. E. Bishop, o f Orland, Fla. (see Y. 63, p.
357), who now operates the road. (V. 63, p. 357, 458.)
F lo r id a S o u th e r n R R .—
(See M a p S a v a n n a h F l o r i d a <£Western.)
—Owns from Palatka, Fla., to B rooksville, Fla., 145 miles: B artow to
Punta Gorda, 75 miles; branches. 28; total, 248 miles. In January,
1896, the St. Johns & Lake Eustis R y., 47 miles, was purchased in the
interest o f the system. The road is n ow part o f the Plant system and
the bonds are guaranteed, principal and interest (endorsed—see guar
anty in V. 62, p. 683), by the Savannah F lorida & Western. The bonds
carry interest at 3h2 per cent until Jan. 1, 1900, and thereafter 4 per
cent: trustee, A m erican Loan & Trust Co., Boston. (Y. 63, p. 153.)
F o n d a J o h n s t o w n S c O lo v e r s v ille R R . —Owns from Fonda
N. Y., to Northvilie, 26 miles. In N ov., 1893, leased Joh nstow n Gloversville & K ingsboro Horse RR. (now electric) for 999 years, assum ing its
first m ort. bonds and guaranteeing 8 per cent on its $50,000 stock. The
Cuyadutta E lectric R R . (S e e S t r e e t R y . S u p p l e m e n t ) is leased till
1993 and its bonds have been guaranteed by the Fonda J. & G., prin
cipal and interest. The stock is $ 3 00,0 00; par, $100. In June, 1897,
authorized a refunding m ortgage fo r $700,000, o f w hich $100,000
w ere sold fo r equipm ent and betterm ents and balance held to retire
prior bonds. In 1896 parties interested in the N ew Y ork Central
entered the d irectory . V. 65, p. 26, 111.
F o r t W a y n e S c J a c k s o n R R . —Owns Jackson, Mich., to F ort
Wayne, Ind., 98 miles. On A ugust 24, 1882, leased perpetually to
Lake Shore & M ichigan Southern at a rental o f $126,027, equal to 5*2
per cent on the preferred stock (see V. 56, p. 812), aud after 1887 any
net earnings over 8 per cent on preferred stock to be paid as dividends
on com m on stock, but n ot exceedin g 2 per cent a year.
F o r t W o r t h S c D e n v e r C ity R y .—Owns F ort W orth, Tex., to
Texline, 455 m., and operates Pan Handle R y., 16 m., ow ning its stock
o f $290,000. A lso owns $200,000 stock and $200,000 o f 5 p. c.
bonds o f Ft. W orth <&Denver Term inal Ry.
S t o c k , E t c . —U. P. D enver & G ulf ow ns a m ajority o f the $6,820,000 (com mon was form erly $9,375,000) com m on stock; par, $100.
In readjustm ent o f 1896, $2,555,000 o f old com m on stock was stam ped
preferred to receive interest, if earned, at 4 per cent, payable J. & D.
See terms, V. 63, p. 1063. R eceiver discharged Nov. 1 ,1 896 .
B o n d s .— Finances readjusted in 1896, the 1st 6 s agreeing (1) to
reduce interest to 4 per cent for five years from D ecem ber 1, 1895;
(2) to take $312 stock for five overdue coupons and the 2 p. c. deferred
interest. “ The past-due coupons and 2 per cent due upon coupons for
the next five years to be held in trust fo r the p rotection o f the stam ped
preferred stock certificate holders in case o f any accident, or failure of
the com pany to p a y the interest as proposed. The bonds and coupons
to be stam ped with such words as w ill give notice o f this agreem ent.”
Funded interest January 1, 1897, am ounted to $1,203,557.^ See plan
V. 63, p. 75. The “ stamped bonds” w ere described in V. 63, p. 1063.
A b s tr a c t o f m ortgage (M ercantile Trust Co., Trustee) Y. 45, p. 440.
E arnings .—8 m onths, 5 1897............Gross, $711,550; net, $166,285
Jan. 1 to Aug. 31.
(1 8 9 6 ........... Gross, 566,617; net,
59,392
A n n u a l R e p o r t .— R ep ort for 1896 was in V. 64, p. 1136, sh o w in g :
Y e a r e n d . D e c . 31—
1896.
1895.
1894.
Gross earnings..............................$1,<>10,878
$1,086,702
$1,335,879
Net o v e r t a x e s .............................
201,858
20v),778
287,478
Other in com e................................
8,864
9,382
2,938
President, G. M. Dodge, N. Y . (V. 63, p. 1063; V. 64, p. 82, 1 1 3 6 .)
F o rt W o r t h S c R io G r a u d e R y .—Owns from F ort W orth, T ex.,
to Srownwood, about 146 miles; com pleted in August, 1891. M ortgage
trustee is Central Trust C o.,New York. Stock outstanding, $3,108,100 ;
par, $ 100; and loans and bills payable June 30, 1897, $230,659. Stock
and bonds listed on N. Y. Stock E xchange in 1897.
I n t e r e s t A d j u s t m e n t . —In May, 1897, 1st m ortgage 5 per cent
bondholders agreed to accept 3 per cent interest from Jan. 1, 1897, to
Jan. 1,1 902 , inclusive, aud 4 per cent thereafter. Old coupons will
be held alive by trustee for benefit o f bondholders. Of the $2,923,000
first 5s, holders o f $2,863,000 agreed to re d u ctio n -se e V. 64, p. 888.
E a r n i n g s .— J a n u a r y 1 t o Oct. 14 (9*2 m o n t h s ) , g r o s s , $254,731 in
1897; $236,946 in 1896.
For year ending June 30, 1897, gross, $323,678; net (over taxes),
$80,213; other incom e, $ .0 ; interest on bonds, $87,695; rentals, etc.,
$20,507; bal., deficit for year, $27,969. In 1895-96, gross, $387,127;
net, $145,762; other incom e, $52,040; charges, $177,112; balance,
surplus; $20.690.—(V. 65, p. 463.) |
KAILKOAD
O ctober . 1897 ]
STOCKS
AND
61
BONDS.
Subscriber* w ill c o n fe r a great fa v o r by g iv in g Im m edia te n o tic e o f an y e r r o r d lseov ere
In these T ab les.
B o n d s — P rinci
____ ___________ RAILROADS._______________
INTEREST OR DIVIDENDS.
M iles Date Size, or
Amount
pal,^Wlien Due.
of
Par
For explanation of column headings, A-c.. see notes o f
Rate
When Wliere P ayable, and by S t o c k s —Last
Outstanding
Road. Bonds Value.
P er cent. \ Payable
Whom.
on first page of tables.
Dividend.
Tori Worth <* l/enter Cily—iCane’uded)—
Equipment bonds (owned by Union Faclflo Bjr.l ej
Pan Han. Bv. 1st M- f$gis.000 nn.U .F.D.*« m.i
Ft. Worth d m o Braude—1st M. (Int not reduced).
1st M.. gold. Old 5s, int. red ......... ...............
o'
15
146
146
1S89
1889
1888
1888
F ra n k fu rt a C in cin n a ti —S t o c k , $ 2 0 0 , 0 0 0 . . . . . . . . . .
F tV to n C o . F a r r o w
Gauge fly.—1st M (#500,000)..
Extension 1st mortgage ($1,000,000)..................
GainesrUle, Jefferson i Fa.—1st M. (s itil .500 end.).
2<1 M., eu. p. * i. facts as to guar. end. on bonds...
Walton Railroad, 1st mortgage............................
Galveston Barritb. d S. Antomo—le t >L.g.,Iand gr.e"
2d mortgage, Harrisb. and Houston to San Ante'
WeatjOiv. lBtM.,g„SanA.toElPaao,630 tn.Abr.tv.
2d mortgage (see remarks...........................
Galveston m u tton <t Bend, o f 1882—let M..gu»r c
Gate. La Forte <t Horn.—Receiver's cert*, (see text!
Galveston Isa Forte A H, more.. $28,000 per tn...
Gorge's Creek ,f C u m b e r l a n d K g . — 1st M..............
Georgia <t Alabama—Common stock $15 000 p. m.
Fret, stock, 6 per cent, nofienm.. $10,000 p, tn..
lstM.,pref.,#S.5O0 p.m.,g„red.atl05 aft. 5 yrs.c*
1st mort.. consol., $10.000,000,gold (See lextl.c*
Car trusts, Sept. ’97. Sad. interest to maturity..
G e o r g ie s C a r o l i n a <t F o r . — 1st M.. gold. guar.p.dci.e"
G e o r g i a if idl'd R ,,.-ltn M . , $1,850,000, int.git.
—
55
55
10
225
671
671
50
$1,000
1,000
i ,000
1,000
100
1881
1882
1881 500 Ac.
1,000
1883
1881
1,000
*71 -'80 1,000
1,000
1880
1,000
1881
1881
1,000
1,000
1883
1879
375
375
1895
1895
100
100
1,000
1,000
268
98
1889
1896
1,000
1,000
1897
1880
1.882
1887
100
1,000
1,000
1,000
1,000
Georgia Fueifte—See SOCTBKKX K ui. « » ! COMFA SET,
Georgia Rr Unmet <t Banking Co.—Stock............... . 307
Bonds, refunding, not mortgage, currency-----i"
Bonds, not mortgage, currency..................... r*.tr
Bond*, nut mortgage, currency.....................eMr
Bonds, not m ortgage, currency------ -------- -— r
$160,000
225,000
60,000
2,863.000
150,000
171,000
313,000
245,000
75,000
40,000
4,756,000
1,000,000
13,418,000
6,709,000
2,000,000
250,000
See text.
536,000
3,680,000
2,650.000
2,230,000
2,382,000
*40,000
5,360,000
1,850,000
5
5
5
3 to 4
M. A S.
Meh.
• ..
.1. A .J.
July
J. & J. X .Y ., H.B. Hollins A Co. Ju ly
do
do
J. A J.
July
51. & N.
7
7
J. & J.
7
J. A J.
See text,
7
J. A J.
See text.
0
J. cV J, Ga. RR. & B anking Co,
6 g. F. A A. N.Y.,Su.Fac.Co., A Boat.
7
J. A D.
do
do
5 g. M. A N. N .Y .,8o.F ae.C o.,23B ’rd
6
J. A J.
A. & O. N. 1 ., Mere. Trust Co.
5
—. . . .
G
’
A. A 0. N.Y Am. Coal Co., 1 B’y
6
...
Balto., M arylaudTr. Co.
5
5
1}
1,
1,
1,
1899
1929
1928
1928
N ov. 1, 1910
J-ulv l r 1912
1911
1908
1910
Fell. 1, 1910
June 1, 1905
M ay 1, 1931
July 1, 1931
Apr. 1. 1913
Oct, 1, 1909
A. A O. N. Y.. Cont'l Trust Co.
do
do
J. A- J.
New York.
5 g. J. A J. S.Y .,B row n Bro.A B a lt
3 g. A. & O. N.Y.. J. P .M organ ACo.
G e t 1, 1945
Oct. 1, 1945
1897 to 1903
July 1, 1929
1946
4,200,000 11 In '97 Q .- J . Augusta; m ail'd to N.Y.
1,000,000
J . Sc J. N. Y „ Guaranty Tr. Co.
5
J. A J . N’ .Y.,Ain. Ex.Bfc.&Aug.
6
1,000,000
do
do
300.000
6
J. A J.
200,000
5
,J. A J.l OOiee, Augusta, Ga.
Oct. 15,'97,24t
Jan. 1, 1922
Jan. 1, 1910
Jan. 1, 1922
Jan. 1, 1922
g.
g.
F r a n k f o r t A C i n c i n n a t i H i t . —.Hood runs from Frankfort to , purpose o f retiring the first m ortgage preference 5a after iiv-e years at
arts, Xy„ 1 0 mile*. A reorganisation of the Kentucky Midland sold | 105 anil accrued Interest. Interest on the consols during the first live
foreclosure dan. 4,1 HOT. Stock, $130,000; no bonds—V. 64, p. 82.
years o f their life may be met by the l-wue o f 8 per cent 10-year oertittF u l t o n C o u n t y Y a rrow l i n a g e R » . —it >ad from Havana, Ilf., . cates o f Indebtedness, redeem able at the pleasure o f the com pan y at
t » Fairvlew, 1)1,31 talia*; leases (for 20 n. c. of gross eurataga) Fulton any six-m onths' interest p eriod ; coupons o f Ju ly, 1896, to Ju ly 1897,
County Ellen-wo R y., Kslrrtew to Galesburg, III., 10 mile#; total op inclusive, were paid in cash. (V. 63, p. 29.)
erated. 61 mtteu. 00*4 opened 1880. CaoUs! stock o f Futtoa County
G e s e k .i l F i s s SCEs —In Sept., 1897. In addition to amounts (riven
By.. $*336,794. The Esten-doa B y, bn* capital of $260,900.
m table above, the com pan y hold in Its treasury on present m ileage,
StHlXU*.—For year ending Jane 30, 1890, gro-*«. $18,946; deficit, $233,000 first preference bond#, .*1,056,000 consols.. $1,090,000 pre
ferred and $1,930,000 eouminu stock.
$2,332. against net of $2,130 tn IS04-9S: charge*, $37,367,
B a r k is o *.—3 m onths, 1 1 8 0 7 ............Gross, $ 2 7 4 ,3 7 1 ; net, $78,672
B s lu t srlH c Julh-rsoti A: fton tb ern B i t , - (N a rr o w C ange,)
Jnlv 1 to tto.pt. 30.
4 1 8 9 6 .............Gross. 24 8,77 9; net, 85.211
—Bowl from Onibesvitle to tjnwivl Circle, Ha., 52 milesi Belmont
F or year ending June 3 0 ,1 -9 7 . cress. $1,081,836; net. $281,055. tn
to Jefferson, 13 tall**. Stock Is #212,687 common: #17,650 preferred;
1895-96,
gross.
#1)2.1.125:
net, $167,241. In 4804-95 grog*, $477,035.
pftr, $f*Ct. *>f the firsts. « 16 i ,500. and of the 2d-*, #75.0**). are endorsed
I'ri-s., John Skeifi.H Williams, Richm ond, Va.—( V. 04, p. 9 4 7, 1041.)
by the Georgia RR., lessee, Hi(crest on endorsed bonds and on Walton
Railroad lion*1# is paid regularly. but no Interest on >;neulorscd bunds
( le o r x lm C a r o l i n a A K o n l t e r n H y .—Owns road Monroe, N. C.,
ba# beftii paid since July l , 1895. On March 4, 1807, Martin Dooly to Atlanta (In man Fork), 0 4 .. *266 m iles; completed tn April, 1892,
Mas appointed roeelvtr. ' Pur year ending June SO, 1*94, gross, 8 40,- Belongs to "S e a b o a r d " system, and lionds gna ran teed (by Indorsement
442.; set, # 2 ,6 6 1 ; interest. $21,877; li.liaEii e, deficit for year, #19,218— on each bond) by lessee*. Seaboard A Roanoke and Raleigh A Gaston
advanced by Georgia fill, !e#*ee. In 1894*93, gro.*, #42,16*1. Total RIt. Co*. M ercantile Trust A s a f- Deposit Co. o f Baltimore is trustee
deficit June 30,1996, #322.713. —V. 84, p. 516,
of m ortgage; *"* i;.-tr.,.-t. V. t‘J, p. '239. Stock lulthorized, $1,000,G a lv e s to n H a r r is b u r g A b a n l u l o u l o I l f . —
S re M a p S o u th ,
fa rifte.i—Own* Houston. Tex., to Sab Antonio,Tex.. 217 in.; San Antonio to R io Or. River, 838*0.; br*eh'«, 72 ra.; leases 12 m.; total. 037 m.
0M4MR4H0II. stock. Bro.—Operated by the Sowthera PaoWe Com
pany, which owns $27,005,600 o f the #27,093,000 stock (par. $100).
Boko* -First mortgage bas * stoking fund of 1 per cent, but
bondholder* to surrender their bonds tf drawn,
la 190a holders of Western Mr. l i t agreed to cancel ,q*pns for uccrued to tercet aad that interest .nt the#,- bonds should be paid only if
earned and should be aon-cumulatlve. V. 59, p. 719. Loom and bills
payable Jane 3 0 .1908, $2,797,275, and, the balance of current IiaMlt
ties over current asm t« was $4,946,873. A Judgment against th*< (}.
H. A 8, A. and the Houston A Texas Central {approximately one-hat f
each) to favor of the State of Toxa* for #1,250,000 on account of old
claims of the school fund has been con armed by the Court of Civil
Appeals, tv. 04,1b 1137.1 Appeal ha* been taken.
S* wrote*.—7 months, >1997........Gross. $2,491,554; net, $400,895
Jan. 1 to July 31,
\ 1896------- G row , 2,787,525; net. 845,186
Tear ending Dec, 31, 1898, gross, $5,127,630; net, $1,719,859; inter
eat, $1,151,743; balance. siAto* for year, $588,118. In 1805, gross,
$4,670,711*. (V. 82, p. 456; V. 61, p. 1137,1
G a l v e s t o n H o u s t o n A H e n d e r s o n H R , o f 1882.—Own*
from tint vsston. Texas, to Houston, Texas. SO miles.
O«OA8 « a t t 0 * .-T h a M. K. AT. and International A Great North,
have used the road lotntly since December, 1895, under « contract
providing for payment to mortgage trustee of * 100.000 yearly
to meet interest on 0 . 0 . A R, bond* and an additional rental of
*34,000 per an nun; for dividends or other purpisc
V. 0 1 , p,
1084; V. 63. j». 697. 34, K. AT. anil Internal! mal A Great Northern
eactmwn 4,998 shared of G. It. A iff. etoek—see V. 61. p. 1013. Stock,
§1.000,00th par, $ 100 . For year ending Dee. 31,1998, gros». $317,985; net, $146,49$; Interest, $100,000; baDncc, surplus, for year,
i t U optional trip
f
.
...
.
, •«.;
G alveston I,a F ort. A H ou ston fty .-O irM road from Hous
ton. T**a*. via I,a Forte. 10 Galveston 36 miles.
R*c*!v*H*uir.—-T. V . House and M, t , June*, of Houston, Texas,
w ere appointed receivers in January. 1898, and the road finished by
the aid <>t receiver*’ certificate-- in July, 1897, ticcotiution * were
pehdiiiK with C. P IluiiiulktOu for purchase of the road tor SI,000,000
a guaranteed bond*. tV. 64. p. 610,1041; V, 63, p. 111.)
George** Creek A C u m b erlan d 11It .--Owns road from junction
With W. v * Central Hy. at Cumberland. Md . to Sesv Iletmold mine at
taro*romb*-. M.l. , 2 1 mile*; City Junction to junction with B. A O.
11K . I o.i!le; hrafiehft*. It aito*#; total,33 tall*;#.: Capital stock. SI.000,00«. C oal; -died hy Aumrteiui Coal Co. and M r viand Coal Co. of Mary
land. FresMeat, James A. Miihniiuml, Cumberland. Mil.
tie ..r o t#
a
A la b a m a
H y
,—fftee
Hup. ) —o p e r a t e s
th e
s h o rte s t
line (by ,4 miles) from Montgomery, Ala., to Savannah, « » .. etc., viz,;
Kernel o-.-nrei—
lilies f Veaseel in peritetuily—
Miles
Montgomery to I,you*............................287 Lyons to Mehlrim......7 5 8
to A!i>»ny (since Jan. S, 97). 89 I Trackage—
Abbeville jo Oolllo....................... 3 1 \Meldrlm to Savannah......... 17
Total owned...................... 3941
Total operated June 1. *97.459
OttOAMSArtoS, —fn AugaR, L895, unnueoded to the property of the
Savannah Vmerlcus A .Montgomery, sold In foreclosure Mar 17, 1695,
and reorganized per plan in V, 81, p, 470; *<* also V, 62. p. 502. As to
lease, etc., in April, 1496, of Central of if corgi# Hue and terminals,
see V. 8 2 , p. 1 5 6 , The Abftsiyilie A Wayurow* was merge*! in An*., 1896.
T h e C o iu a ib u s S o u th e r n
B y . ( 9 8 m ile s ) w a s a b s o r b e d J a n . 1 . 1 8 9 7 .
-see V. til. p, 92.
S m n t a - U K * . — F i r s t m o r t g a g e p n f r r t n e e r, per ean tbo-year koiil bond*
»r* tor 64.000,000, and are not to exceed #0.500 per mile of main line.
The Brat, mortgage toeuoildested 5a are limited to ,*9,000 per rotie of
road, with $6,500 additional per mile to be held by the trustee fo r sole
000; outataudliig, $ 5 3 5 3 0 0 (par S ioO i. mostly ow ned by the leasees.
EAMtWBA— For year ending June 30, 1S90, gross, #7 87,1 05; not'
**20,822, In l f >4 !*5,gros .. $0 48,2 47; def.nnder operating, $119,524.
U e a r g tn n i t l l a i i d R y » —O w ns road from Colmubus to M elloi ougb,
Gm.,03 mill's, Suecenaor April 1. 1896. o f the Georgia Midland & Gulf
K it. sold In foreclosure Feb. 1. Leased from July 1. 1896, fo r 09 years
to the Southern Kv. fo r $10,500 annual rental (being Interest on the
Brat m ortgage bond*) and routal obligation* on Georgia Midland T er
minal to the amount o f *2,500. Capital stock Is $1,000,000. owned
hy Southern Ry. Co. tV. 02. t>. 1177.) Car trust* in 1896. *9.576.
B akshtos .—tn year ending June 30. 1896, gross, $ 1 6 4 ,3 0 5 ; net,
#27*321. In l«9 4 -5 . gross, $148,741; net, $17,020. H. D. Lanooster,
Secretary, 10 Wail St.. New V ork --(\ '. 0 2 ,p. 1177; V. Q3,V.jd/.>
G e o r g i a R a i l r o a d . —Under this name i» operated the lines leased
from the Georgia Kit. A Banking Co.—which *ee. R eport o f operations
tor year ending June 30, 1890, was given In V. 04, p . 231.
G e o r g ia
R a ilr o a d A
H a n k i n g C o m p a n y .—Owns from
Augusta. On., to Atlanta. Ou., 171 miles; branehes to W ashington
sad A thf.ns.5s miles; Mueon. A Augusta RR. (proprietary m ail), Camak,
Go., to M acon, On,, 74 miles; trackage, 4 miles; total, 307 miles,
OKOAtnzxTtov —Own* also one-half the stock o f the Western R ailway
o f Alabam a (the Central o f Georgia Railway ow ning the other half),
and a 40 per cent interest In the Atlanta A W est Point (which see).
Guarantees (Jointly with Central RR. A B. Co. o f Georgia) the $1,543,000 first m ortgage 4% p er cent* o f Western Railw ay o f Alabama.
In April. 18*1, the railroad (307 miles) and Its Interest in the other
railroad coiapaoie* were leased fo r 99 rears to W. M. W adley and
associate*, for the Central o f Georgia and the Loutsvtlle A N ashville, at
*600,000 per year. A - to reorganized Central o f Georgia Ry.’s rela, (ton* with the Georgia RR. In M arch, 1897, see V. 6-4, p. 517.
Dee. 31. Is;i2, the banking department waa turned over to the "G eor
gia Railroad R ank," a separate corporation, a m ajority [#198,200] o f
i whose stock is held by the G eorgia R R . A Banking Co.
I D iv id e n d s ) **i. **2. ’ 43 t o ’87. ’88. ’89 to Oct., '97.
-iln. e 1-sO , p . f t . . iUa 1 0 >; 10 yearly 10%
11 p. o. yearly.
Co m r.iu v 's R eport .—®b year ending Marsh 31, 1807, rental, etc.,
was $600,000; dividend from bank, etc., *21.67*2; total, $621,672;
Interest. #148.000; dividends paid (11 per cent), $402,000.
E arnin'* ;* .-307 mile*. ) 1897............. Gross, $'214,-122; net. $25,119
; Ju ly 1 to Aug. 31.—2 mo*. > 1896.............Gross, 205,547; net, 49,965
Other incom e, 2 m n «, 1897, $29,548, against $30,-130. Earnings o f
railroad tor year ending June 3 0 ,1 8 9 7 , gross, #1,590,659; net, $451,-
363 ; Ilicidemls received, *107,800. in 1395-96. gross. $1,479,792;
net. *1-11,120; dividend* received, # 9 2 ,7 5 2 : total Income, $ 5 2 3 ,8 7 2 ;
rental to d a . RR, & B. C o.. *000,000. In 1894-95 gross, *1.307.638;
net, #3 20,274; total net, Including other incom e, $413,026.—(V. 59,
p, 1 1 0 2 ; V, 60, p, 1141; V. 03, p. 28; V, 04, p. 2 3 1 , 6 4 7 , 1137.)
G e o r g ia .S o u t h e r n <V F l o r i d a It y . — l S e e S l a p o f S o u t h e r n B y . ) —
Owns from M acon, Oa., to Palatka. Fla., 285 miles.
D is t o r t .—A reorganization o f the G eorgia S. A F. R a i l r o a d , sold in
foreclosure April 2, ’05. (Per plan in V. 60, p. 928; see also V. 59, p. 551.
'*TOOK.—Com m on, *1,000,000; 1st preferred 5 per cent, $684,000
having a lien on the property: 2d preferred, 5 per cent, $1,084,0O0. Southern Ry. ow n - 12.270 share* o f stock and E dwards A P ar
sons. o f Boston, 4,291 shares. V. 63, p. 29.
D iv id e n d s .—A dividend o f 4 p. c. on 1st preferred was paid Nov. 1,
1896; in 1897, N ov,, 5 p. e. On 2d prof, in 1S97, Nov., *2p. c.
B onds .—Abstract or 1st m ortgage of 1895 was In V. 01, p. 429. The
m ortgage is tor $4,000,000 and covers all of the property and franchises
and provides also that the $084,000 f i r s t p r e f e r r e d s l o s h authorized
shall constitute n lien upon the same second only to the bonds mid
coupon*. .Mortgage trustee is M ercantile Trust A Deposit Co, o f Balti
more. Unissued firsts are reserved for old olain>» fo r cur trusts and
tor im provem ents. On June 3 0 ,1 8 0 7 , equipment notes, $63,466.
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INVESTORS’ SUPPLEMENT
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<1
RAILROAD
October , 1897.]
S u b s c r ib e r * w i l l c o n t e
r
STOCKS
AND
RONDS
63
a g r e a t f a v o r b y g iv in g Im m e d ia te n o t ic e o f a n y e r r o r d is c o v e r e d In th e s e T a b le s .
(Bonds—Panel"
INTEREST OR DIVIDENDS.
RMLROADSL
Miles Date Sire, or
Amount Rate per When Wliere Payable, and by lal.Wheti Due,
ot
of
Par Outstanding
S’ <r explanation o t column headings, Ac,, see notes
Stocks—Last
Read. Bonds Value.
Cent. Payable
whom.
on a m page of tables.
Dividend.
stock. §1,000,000..
1st p r e l, red. aft. Jane 1. 1905, §084,000, 5 p. c,
2d pref , $1,084,000, 5 pel- cent..........................
1st mortgage, gold, §4,000.000........................ e'
G e t t y s b u r g <f I l a r r i t b . — So. Mt. IstM. )
guar. by
Gcttysbfo A H. 1st M„ old issue... Phila A Rd.
Con. M. $565,000, g................... ) R R . i o U c o . )
B t o r g ia S o u th e r n d F la .— C o m .
__
285
....
!* !’
1805
1882
1891
1888-9
f S o t h c n d D e e k e r f n - l s t * 2d M. ($60,000 are 2dfs)
13 1892
B o u e t m c u r 4 O t w e g a t e h i e — 1st M „ gold, gu. p.Jc i e
„„ , .-B r a n d R a p i d ! d I n d i a n a Bp,-S t o c k , §6.000,OOQ.e' j
1st M „ land grant, g .,». f. (guar, by Pa. R R .)..0‘ 335 1869
335
1891
1st mort., extended, gold, guar, by Pa. RR...... e*
1896
2d M.. §5,000.000, K : 3 p.c. int. tfli Get.2,1899.c*
.
G t . n o r t h e r n — Stock. pref., non-eum. (no co m .)..
CoUat. T r . mort.. red. at 100 on 3 months, gold.e „„ , . 1892
8t. Paul Minn. A Man,—Stock (rental 6 p. e. in gold)
8t.P .M .A M .2 d 'u ow 1st M.ig. does not eov.l'daic*
35
624 1879
Dakota Extension IstM., gold...................... c* 1,221
2.655 . 8 8
Consol M..L gr. (now 1st M, on lands) gold.
2,655 1883
Do
do
420 1887
819 1390
Pacific Extension M.
Mimneap. Vn.RR.DtM.
.o'!
72 l i t
East of MPta. IstM.
256 1387
205 1888
P.A
MtnneapoU* Western 1st mort., gold, guar.__ c*
» ........
i'.ooo
1,000
1,000
1,000
i.ooo
100
1,000
1,000
1,000
100
1,000
100
1,000
1,000
1,000
1,000
1,000Ac
£100 Ac
$1,000
l.OOOAc
l.OOOAe
1.000
1,000
§1,000,000
684.000 5 in 1897 Nov. Balt. M I’.,V D.Cn.AN.Y.
1.084.000 2 ini 897 Nov.
do
do
Nov. 1,’97, 2%
J. & J. Balt, M.T. A D. Co.A N.Y. July 1, 1945
3.611.000
I " ’ A. A O. Phila . P. A- R. office,
100.000
1898
A. A O.
do
do
6
250.000
1914
215.000 5 A 6 Various
do
do
Oct. 1. 1926
___
6
246,500
1928-29
300.000
5 g. J. A D. N.Y.,Gr’d Cent.Station, June 1, 1942
5,569,700
3.012,000 - f j . J. A J. N. Y., Winslow, I . A Co. Oct. 1, 1899
4.333.000
4Hg. J. A J.
July 1, 1941
do
do
3.962.000 3 to 4 g. A. A 0.
Oct. 1. 1936
Philadelphia, Pa
Q.—F. N, Y. Office, 27 Pine 8t. N v .1 ,’97,
25.000.
000 5
do
do
15.000.
000 4 g. M. A 8.
Sept. 1. 19
: Q.-F.
do
do
20 . 000 .
000 6
Nov. 1 /9
6 g. A. A O. New York and London. Oot. 1, 1909
8, 000,000
6 g. M. A S. New York, 27 Pine St. Nov. 1, 1910
5.676.000
A J.
do
do
6 g.
13,344,0(Xi
July 1, 1933
21,248,000
do
do
A J.
July 1, 1933
4 lag.
A D.
7.805.000
do
do
4 g.
June 1, 1937
A J N.Y.A Lon., Baring Bros July 1, 1940
£3,000,000
4 «.
New York, 27 Pine St. July 1, 1922
A
$2,800,000 5 4 6 * .
A
4.700.000
N.Y.27PinOJ Bo?,.Lee.IT Apr. 1, 1908
58
8.700.000 5 A 6 g.
A
New York, 27 Pine 8t. July 1, 1937
3.625.000
do
do
5 g. J. A D.
June 1, 1938
500.000
5 g. J. A J. N.Y.AI.on., Baring Brosi July 1, 1911
I a THI E arwino*.- 2 months, >UV7>6nM, $148,082; net, §54.298
LaSds.—Land sales In April. 1897, had retired all the lstmort. bonds
July 1 to Aug. 31.
i 1(.0« .Gross 134,668; net, 57,818 and were then applicable to consol mort. of 1883.
Bales
for year ending June 30.1896. were 66,872 acres for §515,Asstm , Rgifttp.—Fiscal year end* June 30. Report for 1896-7 was
given In V. 65, p. IU7,showing: Gross earn*.. *863.542; net. §272.834; |674 and 489 town lots for §7,182 The net amount due on land con
tra,-ts
June
3 0 ,1896, was §1,289,548; lauds unsold, 1,457,169 acres, of
Interest on bonds. §179,875; l»al„ aorplua for year. $92,059. In 1895 6 , 1
gross, $869,113; net. §238.786; tnlereat on bond*. §179,200; bat, n r : which 118,353 acres In dispute with 8t. P. A Northern Pacific.
Minneapolis A St. Cloud errant was 476.864 acres; unaohl July 1,
pin*. §79JW6. In 1894-95. net. §228.595.
1896,409,951 acres; sales in 1895-90 were 1,934 acres for §12,160.
Omtcer*.—President. Samuel Spencer, New York; Vice-President,
Dividesds, >1990 1891 1992 to 1896 (Includve), 1897
Wm. Checkicy Shaw, Macon; Secretary and Treasurer, Ben C. Smith,
Great No. pftl, \> i i
1%
5 p. c. yearly (Q-F,)
below.
Macon; As*. Secretary. R. D. Lankford,N, Y .-iV . 05, p « l 1.)
On Great Northern preferred In 1947, Feh„ it# p, i\: May, Hi p. c.;
G e t t y s b u r g A H a r r i s b u r g H it .—Carlisle to Gettysburg. Pa., 32
Aug.,
lt
jp
.
A;
Nov.,
I'a
p.
c.—see
V.
65,
p.
111.
miles: braneirfo Round Top. I'a.. 3 mfiea. Tn* KeadlngCompauyown*
$535,000 of the §600,000 capital stock and ha* deposited It a* part; Bonds.—In 1802 the Great Northern Issued Its collateral trust bonds
tecority for Its general mortgage of 1890. Car trust* in 1897, §13,000. for §15,000,000, secured by deposit with the trustee of £3,000,000 Paelfie
C ssh en A D n k t r i o w a K y .—<lo»lo n to I’ine Island, N. Y., IIH Extension 4* of Ute St, Paul Minn. A Manitoba Ry. Co. V. 54, p. 525.
The at. Paul Mlu, A Man. contol, marl, or 1983 la for $50,000,000. of
miles, Leased u> Erie III: for 45 year* from Jan. i. 1*72, Capital
stock, 896.190 ipar §10); dividends !o 180.36 were i p
Rental which bonds arc reserved to nay prior liens. The consolidated mort
gage of 1883 is n or the first and only Hen on the com
(with §246,500 6 p. c. (mad* outstanding), §19,035 per annum.
pany's land grant and on 67o miles of railway in Minnesota and a
G ou v ern eu r * o .w e jr a tc b l* K it .—Own* from cJouveraeur to second Men on the remaining 1,873 miles In Minnesota and the Dako
Ed sard*. X. ¥.. 13 tnlle*. Stock, §359.000, nil owned by S. 5' Cent tas, the prior Mens on which avt-rnge only §7,300 per mile. V. 64.
—which guarantee* the bond*. 8ec V. 55, p, 810 and V. 56. p. 501.
p. 518. Tto- mortgage on Montana /Mention is for §25.000,000 for
G rand K apid s A In d ia n a B y .—<$w Unit o f Penrtulnmla HR., extensions, §15,000 n*-r tnlle twtng allowed for second track; bonds for
—Own* from Fort Wayne, lad., to Mackinaw City, 8*17 tnist* ifsnlstoe §11.502,000 secured by this mortgage, additional to amount In table,
Branch, 19; other branches,47 mile*; total owned, 433 mile*: operate* are deposited a* part seen, for Foe. ext. bonds, a balra <* V. 45, p. 342.
the following roads bat ha* not assumed the old company'* leases, Pueidc retention mortgage for 16.000,000 (trustee of mortgage ( An
thereof: Cincinnati Richmond A Port Wayne Hit.. 86 m; Tra terse City ; tral Trust Company of New York), provide* for bonds at *6,000 per
RK., 28 m.; Muskegon Grand Rapid# A Indian* RR., 37 u.
tulle In Montana and £7,000 per mile west of Montana; £3,000,000
HtvniRr.-Su •■- « Aug. ], 189*1. of Grand Rapid* A Indiana of this Issue, in addition to those given in the table above, are pledged to
secure the Great Northern's collateral trust bond*. See a b s t r a c t of
R a i l r o a d , foreclosed under second mortgage per plan In V. 63. p. 153
mortgage. V. 52, p. 82.
Stoat,—Stock, $6,000,0CO, of which Penn RR. Co. own* §2,644.540.
Eastern Railway o f dinnersta run* from Hinckley northward 70
Bo.ana.—Tb* first mortgage land grant bonds extended at 4% per miles, to a point near Duluth; the mortgage covers road, equipment, ter
cent are endorsed with the guaranty of the Pennsylvania RR. Co, to minals and elevators, Montana Central bonds cover several road*
purchase the coupons a* they mature, and the bond itself at row |(See ativ. Citron, Dec. 12,1891.) The Manitoba guarantees both these
tartly. They have no lien on land grant Bee guaranty V. 56, p. 049. ; issue*, and the Great Northern assume* the guaranty.
Second mortgage of 1890 is for §5.000.000, bearing Interest from ' The int Imar d .Hone Pall* bond* are endorsed with Joint and several
Oct. 1, 1896. for one year at 8 p. f .. two years at 3 p. e, and thereafter j guaranty of the Manitoba and Great Northern companies. Further
at 4 p. e. 2d« for §1.038.000 held in treasury Jan. 1, 1697 Mortgage issues ntay be made at §17,500 p. in. for additional road. V. 56, p. 247.
trustees: William N. Jackson, of Indianapolis, and Common wealth 1 Minneapolis Wettem first mortgage I* for §1,000,000 and cover* the
Title. In*. A Trust Co., of Phila. Retd estate mortgages, §150,000.
property and equipment of that company. The bond* are uncondition
Laras— In 1896 *nld 15,8211 acre* of land for §123,943. Lauds un 1ally guaranteed by the 84. P. M. A- M, and tho Gt. Nor. V. 60, p. 835.
sold Jan. J, 1887, about 210,087 acre*.
Oksek.u , Fix t.vc**.- § ' P. M. A -M. consols ttjk were listed in March,
*Eajb«B«M.— 8 month*, J 1887....Ores*, §1,610,045; net, §395,831 1807. for §925,000, t-sued on 61 mile* of main track eon pletcd since
April,
1894. Last of the 84. P. M. A M. first 7- paid on June 1, 1897.
Jan. 1 to Aog. 31.
51886....dress, 1.709.076; net, 305.368
As to new steamship lines to Japan, see V. 63,p. 153,189,402; V.
* These earnings are for the whole system, 585 miles.
59, p. 152. 191. In year 1*95-96 the Great Northern received
Asot aj, REPORT.—:Report for 1896 was In V. 64. p. 108* (and balance §400,000 (being 8 p. c ) and to 1894-5 9 per cent, in dividend* on East
sheet In V. 65, p. 25! In 1806 carried 1.309,71r7 ton* freight, of which ern Ry, of Minn, stock.
49 p. c. w«* lumber, etc., and 9 p, c. coal.
The strength of the company I* largely in Its low grades and con
sequent largo train loads (in 1895-96 averaging 256 ton*).
tea r end's Dee. 31. 1696.
1895.
1894.
1893.
Miles operated.......
433
436
436
436
j K sBntxos—Jun. 1 to Sept.'30, 9 months, gross, §13,804,495 In 1897,
dross Income............§1,899.444 §2,074.841 *1,900,401 §2,183,890 $13,556,183 in 1896.
XMover sip ’s A taxes 304,250
410,116
404,680
349,339
Avatu i. Rki-obt.—Fiscal year ends J uno 30. Annual meeting Is held
Interest charge for calendar year 1897 about §310,000. -V. 63, p. at St Paul on the second Thursday in September. The annual report
153, 229. 601, 754; V. 64, p. 10S6, 1088; V. 63, p, 25.)
for 1895-96 was published in full in V 63. p 408. 505 Bee also p. 480.
The following tables show ill earnings of the lines leased from 8t.
G r e a t N o r t h e r n U y .—rSte Map,/—Operatesolow grade trunkline,
extending from St. Patti, Minn .across the great wheat belt of the Red \Pan] Minneapolis A Manitoba Co., (2) the Gt, Northern income account,
<3i
River Yalier and across the State of Montana, tapping its silver »Bd 1 the earning* of tho whole system, including Minn Western, Duluth
copper mining district, to the Pacific Coast at Spokane, Wat*,, Port Term'l, Northern S. 8. Co., fit. No. Express and Baud Coulee Coal Co.
(1.1 OPERATIONS ST. PAUL MINNEAPOI.19 A MANITOBA.
land, Or*.. Westminster, British Colombia, etc. t M o Duluth, the head;
Of navigation os the Great Lakes, the steamers of the Northern Steam
Tear end. June 30. 1896.
1895.
1894.
1893.
ship Co. (whose f 1.500,000atock is owned) run cast to Buffalo, N. Y. ! Av. miles operated.. 3,770
3.766
3,765
3,352
Lined hated and operated—
Minneapolis Union Ry.,eto..
6 j Gross earning#___$15,297,453 $13,109,940 §11,345.357 §18,522.581
8t Paul Minn. A Man. By.,
Matnt, of way, A o., .$1,821,962 §1,909,313 §1,767.447 §2,107,413
Eastern Ry. of Minnesota—
81 Paul to I.»well. Wash.., 1,790
" ' ..............................
..........
950,937
855,635
1,045,419
of equlpm't.. 1,185,914
Hinckley to Duluth.. .......
72 Malnt.
Branches In Minnesota, the
3,556,099
3,219,172 3,473,277
Transportation...... 4,122,473
Montana CentralDakotas and Menlana......1,930
729.513
646.525
709.308
Great Falls to Butte, etc... 2571General
768,632
Trackage to Spokane, etc.,., 10 Owned, unhanded—oper. tep'Cly— j Taxes..
459.216
411,943
375,554
528,053
Seattle A Montana BR.
t
Total operated directly . .3,730 Pairhaven A- Bontliern RR. >
Total expenses..§8,427.034 §7.605,678 §6,900,7*22 $7,710,971
S t o r k o w n e d — o t> e r . t e p a r t t U l y — Westminster southern RR. J
Net earnings..........§6,870,419 *5,504,262 $4,444,635 §5,811.610
WlUjnar A 81cmx Fan*
65 08
58'01
60-82
57*02
Scat!In to SO, Westminster. 159 j P.c. of exp. A taxes.
Wlilmar to Yankton. S. T> . 205
12) O KBAT K O K T tlE R S R A IL R O A D INCOM® AGCOUST,
Duluth 'Watertown A Pacific—
Total road July. 1 8 9 6 ...4,198 j Tear ending June 30.
1896.
1895.
1894.
Watertown to Huron, Dak. 70 |2d and 36 track and siding*. 693 j
Net earns St. P. M. A Man.... §0.870.419
§5,504,262 $4,444,634
H m t o r t , s t o c k , l e a s e s , Erc.-Thi* corporation in February, 1890 I Interest on bonds owned.......
56,195
113,917
133,197
teased the St, Pan! Minneapolis A Manitoba for 999 years, asstuning It* {
I - !■> " b - Iin -I; .>•■••• m -d ..
1 0 3 ,6 3 1
7 3 1 .6 3 1
1 ,0 8 4 ,6 0 8
funded debt and guaranteeing 6 per cent per annum In gold on its §20,- Rentals of leased lines............
220,254
228,640
230,134
000.900«to«k. The Great Northern's antliorixed capital was §,40,000,000. interest and exchange...............................
21,9)2
248,099
Of which §20,000,000 preferred « per cent non-cumnlatlvc »»< offered Bills receivable.......! ..............
50,176
53,655
109,807
to Manitoba stockholders at 50. the remaining 50 per cent being paid by Other Income.........................
74,887
158,081
179,671
a transfer to the Great Northern of all the kccnrttie* owned by the Man
tfobaCompany, amounting to over §22,000.000: mtbeequentiy *3,000,
Total receipts.....................$7,075,562
§6,812,098 §0,436,150
00<» of preferred wm issued. The securities acquired by the Great. Nor Paid rental St. P. .M. A Mon.. 5,383,016
5,372,590
5,312,655
thern were put tn trust to secure unity of system. (8m V. 49, p. 435.) Great Northern dividends ...(5)1,250,000 (5)1,250,000 (5)1,187,500
Stock—In 1893 §5,000,000 preferred stock was sold to pay for
equipment, terminal#, etc. S o ctuntoon stock issued. Sec V, 56, p, 753, Balance................................ sr’$1,042.547 sur. §189.508 def.$104,155
MAP OP THE
G R E A T
cs
It*
NORTHERN
RAILWAY SYSTEM.
INVESTORS’ SUPPLEMENT.
October , 18OT.J
EAELROAD
STOCKS
AN D
BONDS.
65
Sabucrlbcr# w ill c o n fe r a grea t fa v o r by g iv in g im m ed ia te n otice o f a n y e r ro r d is co v e re d in these T a b le s .
INTEREST OR DIVIDENDS. * Bonds—PMjolRAILROADS.
__________
Miles Date Size, or Amount
pal,When Due.
of
of
Par
Rate
per
When Where Payable, and by Stocks—Last
Pot explanation of column headings, Ac., see notes
Road. Bonds Value. Outstanding Cent. Payable
WTiorn.
Dividend.
on t o t page of tables.
Green
B a y dt
Western
S B .—
Stock, dividends after
p. e. on Class A, deb..
Debentures, Class A, Incomes, text. nou-eutn..e*
Class B, incomes, after stock, non-cum.........c’
Greene UK. (X. Y.j—Slock......................................
Grtenw.And.i W.~ 1stM.,$12,000p.m., g.fsee text)
Gulf Beaumont Jt K. 0.—1st M., *10,000 p.m., goldc
Gulf <i Chicago—Stock.............................................
Gulf el Interstate Xu. o f Texas-Bonds.....................
Gulf <£Ship Islan d- 1st M „*5,000.000, gold .71.-C
Hancock et Calumet—Stock....................................
Consol. M. (*.100,000) gold, redeemable at 105...
Hannibal <t St. Joseph—Common............................
Preferred..............................................................
Consol, mortgage, now 1st mortgage...............efunding notes.....................................................
R a r r i s b . B v r t s m ' l h i l l . J o y d L a n e . — Stoek,7 p. c.go.
1st mortgage text'd In 1883), guar.p Ai.Pa. RK. r
....
1896
1896
8
1872
1890
1893
0*2
__
22
....
....
....
1897
__
....
1891
292
1881
1894
54
54 1853
109
H a r t f o r d i C o n n e c t i c u t W e s t e r n —S tock....................
109 1893
let mdrtiraee.
4 *4 ....
Hibernia Mine ttR.-StnCk ............................... .
Hoosae Funnel A Wilmington.- Bonds, $250,000 g.. 24% 1892
Hoitsatonic—bee New York Saw H aven A Hajut mn.
H o t Springs - S t o c k , f l,000.000, authorized.------22 1893
1st M , #500,000, g„ r 15,000 cancelled by «. f o'
i t o u st. E a s !
of
W e s t T e x a s —S tock....................................
1,000
State of Texas prior Hen on t o t 75 mile*.......... "75
1st M.l.gr.,g.,red.llO,int.gu.,$083,000 paid..0*,fcr! 453
1870
1890
1,000
Te x. C e n t. H R
.—Common sto ck ................
100
600,000
485,000
1,920,000
3,000,000
1,024,000
10,000,000
See text.
7,381,000
X. Y., when earned.
do
do
do
do
J. A D. D.L.&W.off.26Exoh. PI. June, '97, 3%
J. A D.
Deo. 1. 1902
do
do
1936
Aug. 1, 1913
F. A A. Boston, 12 Pearl St.
Ripley, Miss.
June, ’9 7 ,1?6
J’ne,'97
30 years.
J. A J.
New York.
1927
New York Cltv.
Aug. 1,’96, 5%
J. A J. X. Y „ Third Xat. Bank, Jan. 1, 1931
Dee’ber.
Boston Ofiiee.
Dec. 31, 1895
do
Dee’ber.
Dec. 31, 1896
M. A S. N.Y., Hk. o f No.America. Moh. 1, 1911
PMla., Company’s Office
do
do
J. A J.
Hartford.
4ug.31,*y7,l%
FAA.3!
J. A J.
do
July X, 1903
A. A O. See Central of X. J.
Oct,, '97, 3*5
M. A S. Bost.Old Colony Tr.Co. Sept. 1, 1922
j .‘ a " j .
Met*. *95
9
Mcli. 27,1898
5 g. J. A J. Mer. L. A Tr. Co., Chic, July 1, 1933
5 g. M. A X. Now York, Blair A Co, May 1, 1933
July 1, 1903
See text.
J. A J
7
A nnually.
Houston, Texas. •
6
5 g- J. i J. X. Y.t Central Trust Co. July 1, 1937
(3i operations o r whole ht*tk «.
H a rrisb u rg P o rtsm o u th lit . J oy <Sc Lancaster H it .—Owns
from DUlervllle, Pa., to Harrisburg, Pa.. 36 miles; branch, Middletown,
Year e n d . J a n e 30,‘96.
Grots.
X e l,
O th . in e .
T o t- n e lin e .
8t. Paul M. A M. Ry.. 616,£97,453 #0,870,119 *405,144 *7,275,363 Pa., to Columbia. Pa., 18 milts*; total operated, 54 miles. Leased to the
Eastern By. of Minn..
1,899,110
965,070
67,199 1,02*2,209 Pennsylvania RR. Co. for 999 years from January 1, 1861. the rental
Montana Central Rr .
1,700,035
590,418
8,070
60J4H8 being 7 per cent on the stock and interest on the bonds, taxes and ex
Will. A Sionx Fall* By.
626,64 8
330,575
•:;*«
337,271 penses of organization. Stock, $1,18*2,550; par $50.
Dul. Water.APac. By.
2*2,082 def.22,464
12*2 def. 3*2,34*2
H artford A C o n n e c t i c u t W catern 44}*.—Owns from Hartford
Conn., to Rhinecllfr, X, Y „ 100 tulle*. Leased till August, 1939, to the
T o t . Ry. *y*. proper.#10,61*2,584 #8,740.016 #471,231 #9.2*20,249 Philadelphia Beading A New England, the rental paying charges and
MltmeaiHiUs Union__
291,3*27
240,773
*27*2
241,045 2 per cent per annum on the stock. There were lu April, 1897, $24,000
215,687
37,730
253,417 Conn. Western RR. 7 per cent bonds due 1900, convertible into stock at
S3., coal A expr's cos. 1,015,308
60 per cent, tn February. 1807. it was p r o p o s e d to issue a new mort
Tot. for the system.#21,310,600 ${*,205,478 $509,233 #0,714,710 gage for $1,500,000. of which $700,000 to retire t o t 5s at maturity
From this last result (#0,714.710) are payable the tola! Interest and balattee for construction of branch, 17 miles, froir TariflYllle to
charge of all the companies, #5,184,584, and. the guaranteed dividends West Springfield, Mass. Of the stin k $1,390,000 la pledged by the
on St. Paul Minneapolis A Manitoba stock, $1,200,000, a total of lessee under It* mortgage. V. 64, p. 1*23.
$6,384,584. leaving a balance of $3,330,126. from which have been
H ib ern ia Mini- It It .—Owns from Rookawoy, X. J., to Hibernia
ald dividends aggregating #12290,000 on the stock of the Great Mines, X.J..4Q m. leased to Cent, of X.J.in 1890 for $1 ‘2,000 per an.
orthemRy. Co.-(V. 63. p. 480, 498, 505. 1115: V. 64, p. 518.610.)
Iliiouti- T u n n e l A W ilm in g to n It It .—Narrow Gaugb.—
Green B n , A* « .-stern H
Road owned from Green Bny, W!s„ Own* road from H»>-ac Tunnel, Mas*., to Wilmington, Vt.S4<s miles.
to Marshland, Win., 209 miles: branch**, 13 m.: trackage to Winona, 4 m. Capital stock authorized, $250,000; par $100. Mortgage trustee. Old
Colony Treat Co.. Boston. Bills payable June 30. 1806, #72,634.
U W O lf.-A reorgaalraHon June 5.1896 (per plan In V. 01. p. 471), Bond* In treasury, $74,000. Earnings for vear 1805-96. gross, $56,of the Green Bay Winona &. 8t Paul, sold In foreclosure May 12, 1890. 147; net, $47,770*. other income. $659; charges, $15,541: dividends
SBOOttmis*. -There are no fixed charge* oti the property other than tl p. e.), #2,500. In 1894-95 dividend* (l p. o.).; In 1896, Dee.. 1 p. c.
taxes, nor can any be placed thereon, or the property be sold or leased j
H ot Sp rin g* H it .—Road from Malvern to Hot Spring#, Ark., 2’2
without consent of 75 percent of stock. Class A debentures are en
titled to 2% per cent Interest, If earned, then common stock to 2*9 p
t m ile s, opened Tn 1875. Mortgage trustee. Merchants* 1.. A T. Co.,
Chicago.
Year ending Dee. 31, 1.804, gro-*, $1*82,445; net, $85,407;
then the two share ratably; but after 5 per cent has been paid on both,
d*M B bond* are entitled to all surplus earning*. Beo V. ill, p. 471. j Interest, #24,9*10; dividends. #54,000. In 1893 gross, $180,107.
Earning*,—Of old company for year ending Dec. 31, 1895. gross, ! H o u s t o n East A Went T it u s Ity .—Owns from Uoustoti. Texa*
to SalilnoBlv'#; n| bogansport, 102 tulle*, where it onum-ct* with the
#393.334; net, $68,18#. in 1894, gross, $395,63*2; net, $19,8*29.
Houston A shrevepurt UK, Loganaport to Shreveport,40 miles, form
B irbctok*.—S. 8. Palmer. President; Mark T. Cox, Secretary and; ing a direct line frjuu H ouston, T ex., to SlireveiKirt, I,a., 23'2 mile*.
Treasurer, 40 Wall Street, X. T .: O, Led yard Blair, J. A. Jordan and |
KKQBG.LVfstATloN.—Reorg«ntzt«d in August, 1896, without foreclos
W. J. Hunt. (V, 03, p. 652, TJX. 922; V. Gi, p, 134, 178,)
Tin- plan provided for a reduction of the first mortgage bends
G reene It It.—Own* road from Chenango forks to Greene, X. V., ure.
from
$3,840,000 then dutstanding;. to #2,11*2,000, reducing the animal
8 mile*. Leased to Delaware Lack. W. for term of charter for 0 per cent interest
chare*1* from $ 10 2 ,1**0 to #105,OOO, The authorized issue of
on stock and Interest on bonds. Capital stock, #200,000; par, #10.
first mortgage bonds limited to .#3,040,004, $888,000 twinds being re
G re e n w o o d A n d erson Sc W estern K y .—Leased on Jan. 17. -erveii fit; tile hand* of thitireorgaWteatton eiWJintiitto for betterments,
1806, the Carolina Midland, but tease surrendered Mar. 4.1807. Ex improvements and expense* of the reorganization.
tension to Batesbnrg and Greenwood under construction, of which 9 j A$30*1. report.—For year ending June 30,1807, groao, $571,150 ;
miles to Alethea, 8.
was com plated in Eiecoo-ber, 1896. The bond* ' net, #130.833; taxes, $15,687; n.vlanee for Interest, #1*21,106. Annual
t o authorized for #1,513,000 (trmttee Central Trust Co,) Receiver 1* in t e r e s t charge.$105,601). In 1$P.*> 4, gross. $518,489 ; net, $134,137;
taxes, $15,139. Directors (ejected J»n. ’97): James A. Blair, J. B. Den
Chaanlng M. Ward, Barn well, 8, C. T. 64, p. 8*2.287.
nis and Edgar L. Mar aten of Sew York: Joel A. Nnerrv of Sew Hai eu,
G u lf Heannaont Sc K a n sa s City Ity,—Seanrnnot, Tex., to Ktr- Conn,, and T. W. House, .1. A. Baker, Jr.. C. Lombardi, Sum Allen and
byvttle, Tex., and branch*.*, 65 miles. Capital Slock*500.000; par 8100. >1. G. Howeof Houston. (V. 63, p. 26 7, 269.)
First mortgage is for #750,006. Car trust notes due June 30. 1900,
#16.472. KSUMso*.-Year ending June!30,1897. gross, $1 16,051: net, i IIo u « to n At T e x a i C entral R ailw ay .—Tito Waco & Northwest
#57,188;other income, #3,715; Interest, etc . $ SO, 110 : balance, surplus. <ern division, Bremand to Ross, Tex., 54 utiles, was not Incbidml in the
#20.75; la 1*05-6 gro**. .$*3,613; net. #49,208. Genera! Office. Huston, i reorganization of the H. A T. C. Ry., but was sold under foreclosure
1a New York see J. 0, Chew, tisoil agent, -37 B m t ML V. 63, p, 880. ! separately In 1895 to Southern Pacific Interests. The purchase money,
#1,505,000. was never paid, however, and suit has been brought by
G uff A whip Islan d K 14.—Road rat* from the Gulf at Gulf Port I the: Texas Central RR. to emupel payment. It has been proposed to
to Hattiesburg, Mis*., 71 miles. branch to ifandsboro, 4 miles; f oonsoiuiat!) the II. A T, 0. Railroad, the Waeo A Sottltwostem and the
tote! 75 miles; rails, 86 lb, on 51 mile* and SB lb. on 20 miles; j Texas Central RK. If terms can bo agreed upon. See V. 64, p. 707.
Orgs.nir.oi1 in 188 2 and *26 m*b - were built about 18.8.8; 55 miles j H ou ston Sc T exas Central Railroad,—( See Map o f Southern
were built fa 1695-06, Capital stock, #1,400*000. Receiver <11* j Pacifici -Owns from Houston, Texas, to Denison, Texas, 338 miles ;
Charged in Sept. . 1800, and road tu be completed by the Bradford Con- ; HempatMd, Texas, to Austin, Texas, 114 miles; total owned, 453 tnllea.
struetion Co.—V. 63, p. 8f»0. Land graBt about 150,006 seres. Trustee I Also operates Fort Worth A Now Orleans Ry,, Garrett to Fort Worth,
of mortgage I, Man iusWao Trust Co . X. Y. President, J. T. Jones;) 40 mites; Central Texas A X. W„ 12 tn.; Austin A N, W., 107; other, 4 tn,
Treasurer, A". W. Beil. Secretary, J. T. Power*. Main office, *iulfport, I
HlsTORT.—Pneeissor April 11, 1893, to a railway company foreMI**.—V. *43, p. 357. 556.
cIomm! 8 e*pt. 8 . 1888. ReorganizatioTi plan V. 45, p. 792, 820. Con
H an cock A Calum et H B .—Own* narrow gauge read Hancock solidation of Texa* Central,Waeo A Northwestern and U. A T, C. is proto Fulton. Mich., 34 miles; brattohes, 7 miles: total. 31 miles. Spoaed—see H. A T. C. Railway above and V. 04, p. 707.
Stock. #350,000; par flOO—*250,000 owned by Mineral Range RR.
j BOVos.—Tile bonds are being gradually reduced with proceed* of
Dividends.—In 1*03. S p. c,*. in 1694, 3*a p
In 1805, Feb., 2% p. a.; \land «ale». The first m o r t g a g e was for #8,034,000, of which $570,000
June. 5 p. c.i In 1806. Feb.. 5 p. 0.; Aug., 5 p. c. In year ending June reserved against claim of statu of Texas upon 75 miles of the road.
30, ,1896. gross,.#(00,769; net, #s>0,001: .interest and taxes, #21.040; I The, Southern Pacific Company guarantee* interest on a l l the bonds
dividend*. #17,500; balance, surplus, #37,48*2,
and both principal and int. of debentures of 1807. Tho first m o r t g a g e
bonds and the consolitleRed mortgage bonds may be called for redemp
H an n iba l A at. Joseph It K ,—Own* Hannibal. Mo., to Bt. Jos- ' tion
at 1 1 0 with proceeds of land sab's. See full abstracts of nil the
epb. Mu., 206 mile*; branches—earneron to Kansas City, 53 miles: St. >mortgages
tn V. 52, t>, 24*2. Of the $5,008,000consolidated 6 * authorized
Joseph to AtefelMn.
20«tte*{ palmyra to Quincy, [is.,etc..1ft miles; #1,149,IKK) (not Included In the amount outstanding above) are held as
lease*. 3 miles; total Operated, 293 mites. Owns bridge at Kansas City. part security for the general 4*. Trustee of general loortgagi is Metro
STOCK.—Chic. Burt. A Quincy RR. own*#! 4,214.000stock. Preferred politan Trust Co. of X. Y, The debentures for #1,116,420 (8 * and 4*)
stockhas prior right to » Dbn-ciimulative dividend of 7 percent; then fell due Dot. 1, 1#97, and $<100,000 were extended at 5 p. e. until 190*2,
common to 7; then both share. Dfvtussiw.—<m preferred stock lb 1990 - V . 65, p. 112,403.
nearly *2 per cent; In 1891 0*82 per cent; m 1992, 7 per centos pre
Dee, 31, 1895, current liabilities were $1,128,374; current motets,
ferred and i •/, p. <-. cm common; tn 19*»3,7 p. e. prof, and 3* o p. c, com #90.5,213, Including cash. #103,068; due from Southern Pool tic.
m on; in 1801, 7 p. e. pref. and 20o common; for 1805. 7 p. e. prof. and #132.013. A judgment, against tho H, A T. C. and Gal. Harrisburg A
7 p . c common, of which 5*35 p. e. was extra out of surplus; 1996, San Antonio (one-half oaeh) in favor of the Stato of Texas for
preferred, 6-51 p. e,; romfaoii none.
#1,250,0' 0 on account of old claims of the school fund hit* been con
See description nf mortgage lien in October, I806,St,Tf*utJfRS*r, p. 2. firmed by the Court of Civil Appeals. V, 64, p. 1137. Appeal taken.
8*«*t!t.!s._iB 1806, gross. $<2,431,035; net. $910,082; other InL asds.—The lands Jan. 1, 1890, consisted for first mortgage o f
com*. k-.ro:.;
-ro
«ls;.,|,-,T: diviib n-U. k r y .l : » ;
2.292,925 acres; consol, mortgage, 1,329,554 acres; general mort
surpl*i» fur year. $ 446. Id previous year* surplus for dividends has gage, 15,017 acres. Deferred payments were: For 1st mort., $249,663 ;
been : To 1895, #507,552; in 1804, #592,568; in 1803, #646,871.
consol, mortgage, $143,945; general mort., $2.028; total, $395,630.
f
I
100
1,000
1893
1S73
B o a st. J
f
$2,500,000
(00,000 up to 5
7,000,000
200,000
6
7
200,000
1,200,000
500
630,000
100
400.000 1 p .V ln
5
1,050,000
5 g*
100
350,000 See text.
1,000
325,000
5 g.
100
9,168,700 See text
100
5,0.83,200 See text.
6
1.000
8,000,000
50,000
10.000
6
50
1,182,550
7
4
500 Ac.
700,000
100
2,705,600
2
1,000
5
700,000
100
200.000
6
1,000
176,000
5 g.
192
54
1st mortgage, gold. c. A r ...............................
Htyus. et Tex. Cent'. Ry.—Waco A No. Dtv, mort......
'
$100
1,000
1,000
100
500
INVESTORS’
66
SUPPLEMENT.
[ VOL. L X V
StibKcrlber* w i ll c o n fe r a g r e a t fa v o r bv g i v in g Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d in th e se T a b le s .
Ito?w/s--PrinoiINTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal, when Due.
Am ount
Par
of
Rate Per When Where Payable, and by S t o c k s —Last
F o r explanation o f colum n headings, &o., see notes
of
Outstanding
Cent. Payable
Road. Bonds Val ae.
Whom.
Dividends.
on first page o f tables.
H o u s t o n d T e x a s C e n t r a l R R — ( C o n c l u d e d .)—
Con.M .,l.g.,g.,rod.at 110,int.gu.,$464,000 pd.c*&r
Gen. m ort.,g o ld ,in t.g u a r.,e n d .,$8,000 paid-C^fcr
Debeu., p. and i. gu. So. Pac., end., currency.(**<fcr
H ad. Highland Bdg. d Railway.—S to c k ...............
H m tingdon d B r o a d Top—Common sto ck ...............
Preferred stock, 7 per cent, non-cum ulative.........
1st m orL, extended in 1890 (int. only in g o ld )...
2d mort., old 7s, extended in 1895, p. & i., gold).
3d mortgage, consol., ext. in gold in 1895.........c*
Con. car tr., $680,000 issued; $68,000 due Oct. 1.
I l l i n o i s C e n t r a l — S tock ..............................................
Leased line 4 p er cent stock, guar, (see remarks.)
Sterling bds. old 6s ext. in 1895 j
1st mort. o f Sterl. o f ’03, £ 10,000dr’nyrl.o*
1 8 7 4 f o r Sterling bonds, due 1905..........I
$15,000,000 48 o f 1886, due 1951, gold---- c* f
secures all 3*28 o f 1886,due 1951, g o ld ..c* |
equ ally....... 3a o f 1895, due 1951, gold.c*&r J
Trust bonds sterl. (secured by Ch. St.L. &N.O. cons.)
1st M., Spring. D iv. (Gilman to 8p.),$2,000,000.c
D o new refund’g m ort., $2,000,000 g. U s.
1st M., Middle D iv.,Otto to Norman June. &
Collateral trust bonds, gold, $ .............................. c*
W estern lines, 1st M.. gold (Bee text)............. c*.
St. L. D iv. & Term ’l M., $L5,000,000 I s . . .x c x.
1890
1890
1897
453
453
63
63
63
63
63
1854
1857
1865
1896
___
1875
1874
1 1875
1886
1886
1895
1886
111 1877
111 1897
131 1881
857 1888
1890
798 1892
1894
218 1894
? 1897
s 1896
396 1»97
(
$1,000 $ 3,455,000
6 g. A. A O. N. Y ., Central Trust Co.
4,297,000
1,000
do
do
4 g. A. & 0.
1,000
600,000
A. & 0 .
5
do
do
100
84,900
50
1,371,750 1 in 1897
Phil.Of.,4th&Waluut8t.
50
2,000,000 6 in 1897 Semi-an
do
do
500
416,000
do
do
4 g- A. & 0.
500
367,500
4 g. F. A A.
do
do
1,000
1,497,000
do
do
5 g. A. «fc O.
1,000
612,000
5
A. A 0 Pliila. .M erchants’ Trust
100 52,500,000 5 in 1897 M. & 8. New York, 214 B ’dwav.
10,000,000
100
4
j . & j . New Y'ork, 214 B’dway.
£2 00
2,498,000
London.
4 g. A. & O.
£200
3,400,000
5 g- A. <fc O. London, Morton, R.& Co.
£2 00
1 .000,000
do
do
5 g. J. & D.
1,500,000
1,000
4 g- .1. A J. New York, 214 B ’dway.
1,000
2,499,000
do
do
3 >2 g. J. & J.
£2 00
£500,000
London.
3 g. M. & S.
£2 00
$5,266,000
3 ^ g. J. & J. London, Baring Bros.
1,000
2,000,000
6
J. & J. New York, 214 B ’dway.
1,000
do
do
3Hig. J. A J.
(0
1,000
968,000
5
F. A A.
do
do
500 &c. 15,000,000
do
do
4 g. A. & O.
1,000
3,000.000
do
do
4 g. J. & D.
500 &c. 25,000,000
do
do
4 g. M. & N.
1,000
6,280,000
do
do
4 g. J. & J.
1,000
5,425,000
do
do
4 g. F. & A.
500 & c .
(H
S ^ g. J. & J. 1st coup, due Jan. 1 /9 8
1.000
4,939,925
do
do
3 g- ■T. A J.
500 &c.
do
do
3^2 g. J. & J.
(?)
L a t e s t Wa r n i n g s — 7 mos.,
$ 1897..Gross, $1,533,791; net, $233,031
Jan. 1 to July 31.
1 1896..Gross, 1,511,800; net,
201,280
F or year 1896 gross on all lines, $3,298,256; net, $1,053,162. In
1895, gross, $3,512,669; net, $1,349,212.—(V. 64, p .7 0 7 ,1 1 3 7 , V. 65,
p. 412, 463.)
H u dson
H ig h la n d B r id g e
Sc
R a i l w a y . —Successor in
M arch, 1896, to the Hudson Suspension Bridge & New England R y.,
which was chartered in 1868 to construct a suspension bridge o v er the
Hudson R iver near Peekskill, N. Y. Capital stock, $84,900, with right
to increase. No bonds issued to October, 1896. Y. 62, p. 457.
H n i i t i n g d o n S c B r o a d T o p OTt. R R . S c C o a l C o .—Owns from
H untingdon, Pa., to Mount Dallas, Pa., 45 m iles; branches, 18 miles.
D i v i d e n d s ......... 88. ’89. '90. ’ 91. ’ 92. '93. '94. ’95. ’ 96.
’97.
On com m on ___
0
0 0
2 4
5
5 4*2
4 Feb., 1 p. c.
On p referred ... 5 5 5 ^ 7 7
7 7 7
7
6
On com m on in 1897, Feb., 11 per ce n t; August none; on preferred,
A ug., 1897, 2*2 p. c. V. 65, p. 111.
S ecurities .—The consolidated car trusts o f 1896 for $680,000 re
placed all other car trusts and reduced fixed charges, it is said, by
$40,000. They co v e r 2,405 cars; $68,000 trusts mature y early on Oct.
1 in the order o f their numbers, beginning w ith lowest.
A n n u a l R e p o r t .— Report for 1896 was given in V. 64, p. 326.
C h 'o s s .
N e t.
O th . in c o m e .
In t e r e s t . D iv id e n d s .
B a la n c e .
1896 ...$ 5 8 3 ,3 6 2 $299,212
$ .........
$106,190 $181,151 s u r .$ ll,871
1 8 9 5 ..
. 648,004 352,021
110,650 200,872 sur.40,499
1 8 9 4 ..
. 580,718 312,779 1,032
117,635 207,678 def.11,502
—(V. 62, p. 232, 277, 3 1 6 ; V. 63, p. 402; V. 64, p. 3 2 b , V. 6ft, p. 111.)
H u t c h in s o n S c S o u th e r n B y . —From Hutchison, Kan., to M ed“
ford , O. T., 102 miles, R eceiver L. E. Walker. The stock. $6,434,900*
and alL the $1,025,000 bonds were held Jan. 1 ,1 897 , as part security
fo r the Union Pacific gold note 6s o f 1891. Y ear ending June 30,1897,
gross $83, *69; deficit under oper. exp. and taxes $21,292. Current
liabilities June 30, 1897, $862,212. (V. 61, p. 184.)
I ll in o is C en tral R R . - ( S e e M a p . ) — R o a d .— Operates from Chicago,
111., southerly to New Orleans, La., 912 miles, and westerly to Sioux
City, la., 509 miles, w ith numerous branches. Its road, clearly shown
on the accom panying m ap, is m ade up as fo llo w s: (Hwhich see.)
R o a d o w n e d i n fe e .
M ile s .
Chicago to Cairo, 111.
Main
Centralia, 111., to East stem.
Dubuque, l a .......... .
L e a s e d , e n tir e s lo c k o w n e d .
365
E n t ir e sto c k o w n ed .
M ile s .
Branches...................................
819
L e a s e d .— C o n tr o l o w n e d .
341
Dubuque & Sioux City
Lea sed .
.......
600
Chicago St. L. & N. O. RR.
St. Louis A lton & Terre H.1T- 239
Cairo, 111., to New Orleans. 547 Loui8v. B r leased from L.
Line to Louisville, etc........ ?
& N ..........................................
(C. O. & S. W. & b r’cli ©*>).. <i 396 Chicago & Texas (Sept.’97__
Evansv. Line (Ohio Val. kK . 118
Mem., Ten., to Grenada.MisH. 100
Total operated.................. 4,574
Y azoo & Mississippi Val. RR.
ITMemphis to N. O. and brs. 923
N o t e —On June 30, 1897, the com pany reported 3,130 m iles in
cluded iu earnings, but this a i d n o t include 807 miles o f Y azoo & Miss,
Val. (in 923 miles above! earns. ou which are reported separately below ,
nor the miles o f <■. O. & S W. road, nor Ohio Valley, 118 m., acquired
Ju ly 31, 1897; nor Chicago & T exas (acquired Sept., 1897), 89 miles.
H i s t o r y , L eases , &c.—Chartered in December, 1850. The com pany
pays to the State o f Illinois 7 per erfht o f gross earnings o f the 706
m iles ow ned in fee yearly in lieu o f taxes. The Chicago St. Louis & New
Orleans is leased for 400 years from July 1,1882, at 4 per cent per annum
on its $10,000,000 stock deposited to secure the l e a s e d l i n e s l o c k .
I u 1892 practically all the stock and bonds o f the Louisv. New Orleans
& T exas (807 miles), were acquired, and the com pany m erged in the
Y azoo & Mississippi Valley, making 923 miles, as above. A lease
o f the 8t. Louis A lton & Terre Haute system w as taken in A pril, 1896,
V. 62, p. 636, 684. In May, 1897, the Chesapeake Ohio & Southwest
ern and allied lines were merged in the Chicago St. Louis & New
Orleans, form ing the Louisville D ivision.
C a p i t a l S t o c k .— The l e a s e d l i n e s t o c k is secured b y deposit of
$10,000,000 Chicago St. Louis & New Orleans stock, and in case o f
default for sixty days in the payment o f any seini-anuual dividend o f 2
per cent, the stock .older is entitled to his share o f the stock pledged.
A uthorized capital stock $60,000,000, having been increased from
$50,000,000 in Novem ber, 1895.
D i v i d e n d s . > 1885. ’ 86. ’ 87. ’ 88. ’ 89. ’ 90. ’91 to S e p .’97, incl.
Comm on stock. 5 8 p.c. 7*2
7
7 5*2
6
5 p. 0. yearly.
B o n d s . —Maiu Line $15,000,000 m ortgage o f 1874 covers property
described iu V. 63, p. 76. C a i r o b r i d g e bonds are secured by deposit
o f a like amount o f Chicago St. Louis &New Orleans 1st M. Cairo B ridge
58. The rental for the bridge is $180,000 in gold annually, o f which
$30,000 goes to a contingent and sinking fim d till 1902, then $20,000
to regular sinking fund. See adv. in Ch r o n ic le , May 7,1892.
The t r u s t b o n d s o f 1886 are secured by deposit o f $5,266,000 Chicago
St. L. & N. O. consols o f ’ 81, and are to be included in any new m ortg
The c o l l a t e r a l t r u s t b o n d s o f 1952 are secured by pledge with the U. S
Trust Co. o f New York o f $16,350,000 5 per cent 1st m ortgage gold
bonds of subsidiary railroads covering 854 miles. See list, V. 55, p. 550.
The $25,000,000 c o l l a t e r a l t r u s t b o n d s o f 1953 w ere issued on p le d g ’
Oct. 1, 1912
Apr. 1 ,1 9 2 1
Oet. 1, 19 02
Feb. 8, ’ f,7 , 1%
A g.2,’97,2 W o
Sept. 3 0 ,1 9 2 0
Feb. 1, 1925
Mob. 3 i. 1925
Oct. 1,’ 98-1906
Sep. 1 ,’ 97, 2*2*
Ju ly, >97, 2 %
Apr. 1, 1951
Apr. 1, 1903
Deo. 1, 1905
Jan. 1, 1951
Jan. 1. 1951
1951
July 1, 1950
Jan. 1, 1898
Jan. 1, 1951
Aug. 1, 1921
Apr. 1, 1952
Deo. 1, 1950
Nov. 1, 1953
Jan. 1, 1904
Aug. 1, 195'’.
Ju ly 1, 1951
July 1, 1951
July 1, 1953
o f the Louisv. N. O. & Texas securities purchased in 1892. Trustee o f
deed, U. S. Trust Company. A ll the $16,832,000 L. N. O. & T. 1st
m ortgage bonds, all the $904,000 second m ortgage incom es and
all but $96,000 land grant incom e bonds were ow ned b y the Illinois
Central July 1 ,1 8 9 7 , and p ledged to secure this loan. See adv. C h r o n
i c l e , June 11, 1892, and V. 54, p. 9 6 4 ; V. 61, p. 112.
The c o l l a t e r a l t r u s t b o n d s o f 1004, (United States Trust Co., Trustee,)
and their collateral w ere d escribed in V. 62, p. 988.
For the C h i c a g o S t . L o u i s & N e w O r l e a n s the lessee guarantees the
principal and interest o f all the outstanding bonds prior to the 5 per
cent bonds, and b y an endorsem ent on the latter bonds guarantees the
payment o f the interest on the same until the principal is paid. Of
these consol. 5s $5,266,000 additional to the am ount outstanding above
are pleged as security for the Illinois Central trust bonds o f 1886. The
Springfield Division 6s m aturing Jan. 1, 1898, are to be exten ded at
3*2 p er cen t—See V. 64, p. 952.
The W e s t e r n L i n e s l o a n o f 1894 is fo r $10,000,000, bu t only $5,425,000 can n ow be issued upon the road from D ubuque to Iow a Falls, 142
m iles, and Cedar Falls to Minn. State line, 76 miles. The bonds are
direct obligations o f the Illinois Central, but are secured by a first
m ortgage given b y the Dubuque & Sioux City on the portion o f it* road
above named. The rem aining $4,575,000 bonds can be issued only
when the road from Iow a Falls to Sioux City, 184 miles, no w subject to
$2,800,000 o f Iow a Falls & S ioux City bonds due in 1917, shall be trans
ferred to the trustee w ithout any encumbrance. Trustee, U nited States
Trust Co. Sinking fund, $46,733 yearly, out o f earnings, is provided fo r
in the lease o f D ubuque & S. C. to Illinois Central, but is n ot m en
tioned in m ortgage on W estern lin es; bonds cannot be called.
The S t . L o u i s D i v i s i o n a l d T e r m i n a l bonds are direct obligations o f
the Illinois Central RR. and are secured b y a m ortgage m ade jo in tly
with the St. Louis A lton & T erre H aute RR. Co., coverin g the St. Louis
division, w hich extends from E ast St. Louis to B rooklyn, opposite P a
ducah, K y., and to E ldorado, 111., w ith branches, 239 m iles in all, to
gether with real estate in East St. Louis, etc. The six lines form erly
leased to the St. L ouis A lton & T erre Haute have all been m erged in it
b y consolidation, so that the m ortgage attaches d irectly to the rail
roads conveyed, subject only to a sm all am ount o f bond* that will
presently be retired b y redem ption or exchange.—See St. Louis A lton
& Terre Haute loans. The new m ortgage is fo r $15,000,000. O f
this amount $5,000,000 o f t h r e e per,cents are reserved to retire the
$5,000,000 interim certificates w hich w ere issuable fo r St. L ouis A l
ton & Terre Haute, etc., stock (per offer in V. 62, p. 684), and which,
in fact, represent funded rent fo r the property. Tlie rem ainder ($10,000.
000) w ill bear 3 ^ per cent interest; $6,500,000 w ere authorized to
be issued in exchange fo r the first m ortgage bonds o f the St. Louis
Com pany’s system at n ot exceedin g $1,080 o f new for $1,000 o f ex ist
ing bonds (of said existing bonds $2,100,000 have already been paid
and $2,500,000 fa ll due June 1, 1898—see table), and $3,500,000 are
issuable fo r im provem ents, equipm ent, etc., the Illinois Central ag ree
ing to take up w ith these all the incom e bonds and consols o f the St.
L ouis Company. United States T rust Co. is m ortgage trustee.
The i n t e r i * c e r t i f i c a t e s were issued per offer in V. 62, p. 684; those
issued fo r St. L ouis A lton & T erre H aute stock are exchangeable Jan.
1, 1898, for 75 per cent, and those issued fo r B elleville & Southeru 111.
preferred stock fo r 160 per cent iu St. Louis D ivisional & T erm inal 3
per cent bonds, unless the hanking house having the option to take
the said 3 per cent bonds at 90 and interest shall exercise its op tion
prior to Jan. 1 ,1 8 9 8 , in which case tbe certificates w ill he entitled to
90 p. e. o f the p ar value o f said bonds in cash, with accrued interest at
3 p. c.
The L o u i s v i l l e D i v i s i o n d T e r m i n a l m o r t g a g e of 1897 is fo r $25,000,
000, o f which $5,000,000 m ay he issued only fo r future betterm ents
and new property. The m ortgage cov ers the road from E liza
bethtown, Ky., v ia Paducah, K y., to Memphis. Tenn., 353 miles; Owens
boro branch, 42 m iles, and Short R oute Ry. Transfer, 1 ^ m iles, mak
ing a total o f 396*2 m iles owned and 46 m iles to Louisville leased
from L. & N. Of the loan $6,800,000 are reserved to retire the $ 4 ,' 06,000 coll, trust tw o-ten bon ds: $1,112,000 to purchase the 46 m iles
(Cecilia brach) from L. & N. and to retire the L. & N. bonds thereon;
$5,000,000 for new acquisitions, additions or extensions, and the bal
ance o f the $20,000,0<-0 issuable forthw ith fo r expense o f acquisi
tion, etc. The Chicago St. L ouis & New Orleans, which took title to the
Louisville D ivision, join s in m aking the m ortgage securing the loan.—
V. 65, p. 367, 516.
G e n e r a l F i n a n c e s .— Capital s t o c k for $2,500,000 (of the $1 0,00 0,”
000 authorized in D ecem ber, 1895), was sold Ht par early in 1896.
In May, 1897, arrangem ents w ere made with Kuhn, L oeb & Co. and
V erm ilye & Co., coverin g the sale o f $20,000,000 C. O. & S. W. new
3 *gs, and $10,000,000 St. Louis D ivision 3*ss, o f w hich $6,000,000
were to be issued at once. The com pany also sold $1,350,000
C. St. L. & N. O. consol, m ort. bonds, interest reduced to 3*2 p er
cent, to be issued Nov. 1,1897, in lieu o f 7s m aturing on that date,
and has arranged to renew at 3*2 per cent the $2,000,000 Springfield
division bonds m aturing Jan. 1 ,1 8 9 8 .—V. 64, p. 952; V. 65, p. 4* 5.
E a r n i n g s . —2 mos., 5 1 8 9 7...... Gross, $4,159 ,756 ; net, $1,046,090
July 1 to A ug. 31. ( 1896...... Gross, 3,289,487 ; net,
745,330
St. Louis A lton & Terre Haute not included in 1895 fo r the three
m ouths from July 1 to October 1.
A n n u a l R e p o r t —Fiscal year ends June 30. A nnual m eeting is held
at Cuicago the third W ednesday iu Septem ber R eport fo r 1896-97 was
October , 1897 ]
RAILROAD
STOCKS
AND
BONDS.
67
Subscriber* w ill c o n fe r a (treat fa v o r by g iv in g Im m ediate n otice o f a n y e r ro r d isco v e re d In tltese T a b les.
,Bonds—Ifrrnoi
INTEREST OR DIVIDENDS,
- pal, When Due-
__ _____________ RAILROADS.------------------------ 1Mfles Date Size, or
Par
For explanation of eolmnn headings, Ac., see notes —
of , of
Road. Bonds Value.
on first page of tables.
Illinois Central—lConcluded )—
Chicago St. Louis A New Orleans, 2d mortgage..
Consol, mort. ($18.000,0001, gold (aeet«*t).0**r
Do for refunding 1st niort. 7s, guar. p. A- i ..
Memphis Div. 1st if., cold,guar. p. #i. <end.).cSt. Louis Alton A Terre Haute common stooh
list vr.*tcr..g.,ci»llcdforJunet,'98,atl05.e*Ar
Bonds assumed l>v St. Louis Alton A T. Haute,
; Bellec. A Carotidelet, 1st M..Belle, to EA'aron.e
(Belleville A El Dorado—1st......................... ,c*i
124 mortgage, Du Quoin to Eldorado...— c*
;3t. Louis Southern—1st mort., gold............. e*
2d M.. inc.. PlnekiteyvHte to Carbondalc <;•
iCarbomlale A Shawneetownn 1st M , gold.e"
St. I.. 8». consol, mort.. gold ($1,325.000).,e*
ICh. St.DA Piuluc. 1st M..'g„ $1.000,0.4), gu.o*
2d M„ g., Inc. Oion-cum.) Marlon to Fad.A br.cv
IndiaIhI Deralur it
1st M.,
red. at 110.c
Indiana Illinois ct /two—1st M.. gold, red, at par. ,e*;
Its and 2d inc. Ms.($250,000 each) 1 p.e.mm-oom.r
1st Ext. if. .$500,000) gold, red. at 105.......... eInd. d L.Jto-A-I-t M . #12.000 p. to., gold, guar.cIndianupolU (7n.—l*tm., g„ s. f. not MlbJ.to eall.e*
IndianupgLu<* ViMtmna - 1»tlt.,guar.p.*l. irndje
24 if., guaranteed p. AI. Penn. RR. Co. (end.)— c]
JntcmaHonal d Orta! Northern—1st mort, gold— :
Certificates of Indebt. sec. by 1stm. coupons, gold.
$30.0( 0
507 1877
1.000 11,289,000
507 1881
1.359.000
1,000
567 1897
3.500.000
1.000
100 1889
Mostly lodd by Illin ols CentraL
2.500.000
1,000
11 1894
485.000
1,000
17 1883
220.000
51 11880 . 1,000
330.000
1,000
51 1880
550.000
30 1886 1 1,000
122.000
30 1886 ; 1,000
250.000
1,000
17 1887
403.000
1,000
30 1891
53 S1887 Held by 111. Central.
1, 000,000
53 1887 I 1,000
1.824.000
152 1895 ! 1,000
800.000
1,000
457,500
500
HI I I I
500.000
1.000
35 1893
180 000
1.000
40 1889
955.000
93 1886 . 1,000
1.700.000
133 1867 ' 1,000
133 1870 I 1,000
1.400.000
776 1879 boo Ac. 7.954.000
776 1892 Various
124.742
Where «
6
5 g.
3%g,
4 e.
21*
5 g.
?
’ a“ fl by
Stocks—Last
Dividend.
J. A D. V. Y., 214 Broadway. Dec. 1, 1907
J tj&TUj
do
do
June 15,1951
J/j AD/j
do
do
Jan. 15, 1951
J. AD.
do
do
Deo. 1. 1951
J. A J.
do
do
July, '97,1%%
J. & D. N. Y., State Trust Co. June 1, 1898
6
J. A D . Jf. Y., State Trust Co.
7
J. A J.
do
do
6
F. A A. Pd.in’Ol.coup. Feb.,'80
4 g. if. A B. |IS. Y-. Mercan. Tr. Co.
5
March.
do
do
4 g. M. A 8
do
do
5 g. M. A 8.
do
do
5 g. M. A 8.
See text.
5 g. M. A S. Paid 14; p.e. Nov.,1893.
5 g. J. A J. X. Y'.,Central Trust Co.
4 g. J. A D. X. Y'.. Metropol. Tr. Co.
4
A. A 0-1
do
do
5 g. M. A 8.
do
do
5 g. M. A 8. Mar.,’96.coup, last pd.
4tag. M. A X. Phiitt., Fidelity Trust.
7
F. A A. ,V. Y„ Farm. L. A Tr. Co.
6
M. A X.
do
do
6 g. M. A X. X.Y., office, 195 B'way,
5 g. M. A X. X. V., Central Trust Co.
June 1,
July 1 ,
Aug. 1,
Sept. 1.
Sept. 1,
Mob. 1,
Sept, 1,
Sept. 1,
Sept. 1,
Jan. 1,
Dee. 1,
Dee. l.
Mar. 1,
sept. l.
May l,
Feb. 1,
Mav 1,
1923
1910
1920
1931
1931
1932
1939
1897
1917
1935
1939
1939
1943
1939
1926
1908
1900
Nov, 1, 1919
Nov. 1, 1897
Latest KaRsixo# 9 mo- , < 1896-7..Gross, *318,212; net. $109,433
July 1 t- Feb. 2 8 .
<1893-0 .Gross, 337,867; net, 113,812
A TWOAL R« j»o k t —Fiscal year end* June 30. Report for 1894 95
was In V. 81, p. 1061. Gross and net for 1903-96 are given below;
IVorx end June 30. Orotf.
Op. exp.
Net.
Taxes. Halante.
1903-98............... #483,798 #322,211 *161.587
.....................
1804-95 ......... .
478,134 305,8117 112,297 *32,970 $139,321
OmcKRA—(Elected In DccCfnbcr, 180,51; President. M. I). Woodford;
Total earning*................. 822,110,938 *22,002,842 *19,056,994 , Vico-President, Henry F. 8hoem»lcer.~(V. 64, p. -11,053; V. 65. p. 27.)
Operating cxpcu.*c*.. ...... ....... *15,735,8* | *142)62.276 *13,288,531
In d ia n a Illtn o l* Sc tow n l i l t . —Owns from Streator Junction,
P. ct. op. expen. to gross earn*
71-16
68-00
69-63
ni., to South Bend. Ind.. 132 miles; other, t>ui.; total operated 158 m.;
trackage(Wabash Railway) Into Streator, 1‘70 miles; (Oh. A W. M.) La
Net earning*............. ............ . #8.375,051
17,040,568 *5,788,463 Crosse, Ind.. to New Buffalo, .Mich.. 38; (Chic. & E. Ill) Wheat,Held to
Net receipt* from Internet, Ac. 2,110,756
1,832,67$
1,519,4. 9 La Crosse, tad,, 13; (Kan. A Sen. RR.) Kankakee to Seneca. HI., 38
Miscellaneous................... ......
53,110
68,780
123,033 mile*; total of all, 249 mile*.
SKCfKiTtfs.—Stock, #3.597,#00; par, *100. Equipment notes Juno
Total receipt*................... *8/139,250 **.959,030 *7,430,905 30.
1896. #56.661. The 1st and 2d Incomes, as well us the 1st -Is, are
Interest on 111, Central bend* . *3.180,972 *2,932,808 *2,757.8 45 ! subject to call at par and Interest after 30 days’ notice. The 5 per cent*
Hit. on Chic. St. L. AX.O. bond*. 1,217.680
1,218.040
1,217,640 |nf 1893 are a first mortgage from Knox to South Bend (f mi. ill. A low*
Rental Dnb. A Sioux City Kit
531.193
950,463
471,379 I Kailteng Co.), ami a conwdidated mortgswre on main line.
Net rental8t t. A A T H ....
310,62"
290.611
tsns.—2 months, S1897.. ..........Gross, #105,303; net, #13,129
Dividend* on 111. Central »toclt 2,625.000
2,562.500
2,500.000 i Eaxs
July l to Aug. 31. ( 189*.............. Gross, 109,7)1; net, 13,582
400,1X8)
Dividend* on Leased Line stock
400.000
400,000
Mlewilleneone..........................
81,225
81,181
80,925 j K4RXI$0«.—In year end. June 30,8)7. gross.*786,131; not, #234,109'
Interest, taxes, rentals, #108,394; construction and linrovementa,
Balance, .urpl.t*...................
*153.553
*523,227
#2ji7o #117,381; balance, surplus tor year. *8,33t. In 1894-5, gross, #739,618; net. *177.630, President. F. M. Drake, Chicago, 111 : Vice-Presi
Va* oo A H u n ttK rn Vau.gr,—Rcjmlt* on 807 mile*:
dent. Geo. II. Holt, 11 Wall Street. X. Y.-CV. 62, p. 548.1
Tear—
(from.
Vet.
Otter hut, •Interest, tie. Sal. n r .
liid la n u A L ake H lc h lg u ii Ity .—Owns from .South Bend, Ind.,
1996 97 .. .$3,936,313 *1,200,897
*67
#690,323
*570,-441 to 8t, Joseph, Mich., 39 mile*. Leased when oomplet-si, January,
189596.... 3,529.035 1.191,291
500,837 1890, to Terre B lo w A Helium,poll*, which guaranteed by endorse
tit
690,523
1894-95 ... 3,331,335 9 5 1 .0 6 6
4,555
693,722
261,901 ment the above bond*, principal anil Interest. The rental is 29 per
1893-94.... 3.338,860 069,399
219.134 cent of gross earning*. Interest due Sept. 1. 1896, * U not paid. V.
4,230
754,495
03. pu 407. In November, 1*96, the Central Trust Co., Now York,
L o « on *ate of nceuritle*, *3.200 In 1894-5 and *59.500 In 1893-4. brought suit to foreclose the first mortgage.—V. 63, p. 1009. Unfunded
I f . to t l* ALTON A T erkb Haiitr R*b—Form* the •■Cairo Short debt Jan. l, 1890, *262,479.
BoxidtQUMtM* COMMITTKE,—Chairman, Morgan G. Btilkeloy; Syl
Line "route from K»»t St Louis, aero** the coal field* of Southern 1111aol* to Brooklyn, opposite Paducah, Ky., and to Eldorado, III., with vester C. Dim •mm, J.S. Farlee, M. L. Sctidder; deiumltary. Central
Trust Co.. X. Y*. A molorltjr of tlu> bond* ha* been deposited, V. 63,
branches. a total mileage of 239 udlrp. 601. Stock I* 00,000. Duo T, H. A I. for betterments to Nov. I,
Lr. **r..—This road wo*ie»wd In April, 1896, for 99 year* from Oct 1896, #201.218 For year ending Oct. 31,1896 (see report V. 64, p.
1,1895, to the Illinol* Central RR.
(which guaranteed 2<4 per cent 467!, ert.«*, $67.592; deficit under operating, #8,154: rental was
per annum on the stock—practically all owned by 111- Cent. V. 62. *16.897; So- to less.-. 825.051. In lsd 1-5 gross, *64,721 j dot under
p 636. Since that ttmc the Terre flante Co, has acquired the full op-rat lug, $8,90®, (V. 64, p. 4 67.)
Ownership of all the six leased tinea, namely, the Belle. A So. 111., the
I n d i a , l a p o l i * D e c a t u r A S p r ln jr flc ld I t ) '. —In the organiza
BcllcYllle A Eldorado, tile Belleville A Caroodrlct. the St. Louis South
o f the Indiana Deatnr A Western—which *ee ab ove—the Old Inerf!. She Carbomlah- A Shawuoetow'ii and the- Chicago Bt, Lout* A j tion
dlanapoll* D ecatur A SprlngOeld l*t 7* reoeived par In new bonds and
Paducah, and lia* absorbed them by e«>n«lid»t»nn. A •fipploment.al) #390 per bond from «;,le o f I. D. & W. stock—«e o V, 65, p. 27.
lease tor ninety*ntne year* from October i, 1895, wa* made Sept-15, i
1897, by the Ti-rre llntrte Co. to the IIHdoi- Central Co., and thc-e S In d ia n a p o lis U n ion I lj ,—Owns 3 mile* or track, *93 of a mile
two f olnpanics oimtsltaaecmsly have mortgaged alt their inter**! In the : of road, with terminal* at 1ndlannpolis, Ind,, and leases for 999 years
pwportbM* to secure the new St. Lout* Division A Terminal bonds. The j the Belt RR. of ludlanapoll*- which see—consisting of 12'a miles of
supplemental tease provide* for the payment of an annual rental of 2*4 I road eacircUng the city, etc.
p*r cent m t annum on at! stock of the St. L. A. & T. l£ which mar not | Formed in 1850 and furnishes terminal facilities to the several
be dptswfted under the mortxavo
i rad read* entering Indianapolis. Sto c k —The Cleveland Cincinnati
Chicago A fit. Louis, the Pittsburg Cincinnati Chicago A 8t, Louis and
Qrmterxtm nf tu. ft, A n t T. H. and BtUetUU 4 So. TUtnoit ttoek ,—The Jthe Terre Haute A Indiatiapoll* are virtual proprietor*, they having in
minol* Central offer* to convert St- Louis Alton A T. U. stock Into new 1vested in It #835.092 to Jnne 3 0 ,1805. No stock outstanding. Bosns.
RUnois Central 3 p c. bond* at #75 of bonds for each #100 of stock, - Trustee of mortgage Is the Fidelity In*. Trust A Safe Deposit Co. of
and Belleville A Sonthern Dllnoi* stock at #1 SOat bond* tor each 8100 Philadelphia. Bonds for #35.000 hare been canceled by sinking fund.
Of preferred stock The B. A * HI. preferred Ua* all been exclmngei!, ; F or year ending June 30. 1.896, groa*. *606,520; net, #310,512; other
and *•>has most of the Terre Haute stock-sets V. 62, p. 684, 988; V. 1Income, $13,672: charges, #241,610; balance, surplus, $7!!,5;4,
63, p. 715,
III 1894-5, gross, *594,800; net, *223,590; other Income, $16,534,
In d ia n a p olis A- V ln con n c* l i l t . —Ownsfrom Indianapolis, Ind t
B-ia o-s - The ttret mortgage iKirid* of 1894 have been called tor reto Vincennes, 117 miles; branches, Bushrod to Dugger, etc., 16 miles.
dempti n June 1, 1808.
BECtmiTiK*.—Connecting lino for Penn. RR. to Vincennes. Stock,
The *UXX>,000 C. »t. L. &1». fir«t 5* were paid by Illinois Central
at 105 on Sept. t. is®?, and the *1,100,000 Belleville A Southern lUin- *1,402,000; par. #50; o f which Pennsylvania Company on Jan. 1
nl« bond* at par on OcL 1, 1897.
1897, owned $1,401,900- The Penn. HR. Co. guorantees by endorse
Earnings since Oct. 1,1895, included In Illinois Central report* were. ment on each the principal and interest of tho bonds.
ptlbliahad at length In V. 03. p. 409, ti l. See also editorial, p. 384.
The following doe* not Include Yazoo A Mississippi Valley—which see
below, but doe* Include Use St. L. Alton A T II. since Oct. 1,1805;
1895.
Tear ending June 30—
1897.
189*1,
2,888
Mite* operated
.................
3.130
3.127
Passenger earnings................ 84.214,461 $1,39-1.771 83,908,348
Freight earning*..................... 15,162,019 15.02*,HU 12.821,211
Mail, «xpre*» A mbtMUsnrou* 2,734.458
2.579,967
2,327.435
Tear.
Orate.
Net.
r r r n d .D e r .ji:
flra e e .
N e t.
I n t e r e s t , e tc .
B a la n c e ..
#98.197
#208,474
def.$110,277
1894-95.......................................................#1,3.50.055
*667,528 189(1..............,.$485,608
1895................ 517,002
90,543
207.140
def.116,597
1893-94.....................................................
1.385.016
528,317
1831................ 184.315
96,865
206,623
def.109.758
-IV . 64, p. 42. 233, 422, 755. 932,1089. 1137,1181, 1221; V. 65, p. j
In tern a tion a l A Great N orth ern 14It.—Operates from Long
27, H i. 235, 367, 391, 409 , 4 14, 516, S7t, 88». 729,>
view on Texas & Pacific (near Shreveport, La.,) southwesterly to
In d ian a D ecatur A W estern H y,—Indianapolis, Ind., to De Houston & Galveston, also to Laredo,Tex.,on Mexican National KB.
catur, IB.. 152 miles, 8ucce**or In 1*'H nf Indianapolis Decatur A I Dines owned—
M ile s .
SIilex. Lines O p e r a t e d —
Western, foreclosed tinder Mm old Indianapolis Tiee.imr A- SpringBeld Longview, Tex., to Laredo,
Galveston, Houston A Hen*
mortgage of L$76.—V, 61. p. 10*4. See decision oaasnningthe valid-, Tox.............
derson (jointly with 51. K.
406
tty o f the reorgynl ration in V. 64. p. 41,953! V. 65, p, 27
A T ) ..................................... 50
Palestine to Houston, Tex......150
Other lines................ ............ 20
J tocr *$» Rovo* —In December, 1895,#912,009common and #912,- Min c o la , Columbia, etc.,
branches................................101
000 preferred had been Issued, all of which had been sold to Cincinnati
Total system .................... ..
823
Hamilton A Dayton interests, (ice V. ill. p. 10*4,
OROAxrZATTOjt.— Reorganized without foreclosure In 1892 under plan
The ( M mortgage of 1895 is authorized at *12.000 per mile for
inthnrlzed is #25,000.000; outstanding,
additional road built or aequired; the bonds are redeemahlc by lot at • V i4,». 203,366
110.at anytime on eight week* notice: mortgage trustee, Central $9,755,000: oar, $100; controlled in Interest nf Missouri Pacific.
Trust Co., X Y‘., and Augustus L, Mason of Indiana,
) Owns 4,999 shares of G. H. A H. stock. Bee V. 61, p.1013,1064.
68
LNYESTOES’
SUPPLEMENT.
|VOL. L X Y ,
ILLINOIS CENTRAL
SYSTEM.
October , 1807,]
RAILROAD 8TOORS AND BONDS,
09
Su b serlb ers w i l l c o n fe r a g r e a t f a v o r by g i v in g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In th e se T a b le s .
r a il r o a d s .
on first page of tables.
I n t e r n a t i o n a l <t G r e a t N o r t h e r n - / C o n c l u d e d ) —
INTEREST OR DIVIDENDS.
j Miles Date Sire, or Amount
pal,When Due.
of
1 of
Par Outstanding Rate per: When Where Payable, and'by Stocks—Last
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
1879 S500&C.
1881 500 Ao.
1892 500 Ac.
1,000
1880
100
....
100
1,000
198S
1,000
1885
20 ....
100
I r o n Maihcay—Stock...........................■■.................
100
J a e k w n t i U e rf S t , L .u hr—Stock Trust Certificates.
1,000
Jacksonv. Southeast 1st M., Jack, to Litchfield.. 1 54 1880
112 1890
1st consol, m ortgage, $030,000, g o ld ................ c ‘
112 1896
Incom es, 4s, gold, non-cum ulativc, $1,630,000..
1893
J a e t c m n r i t u T a m p a <# K e y W e st— R eceiver's eertifs.
i,ooo
1st, gold, redeemable at H O .................................e* 130b, 1884
37 1886
1,000
Atlantic Coast St, Johns A Indian R. 1st H.,gold.<
29 1886
1,000
Sanford A LakeE ustts 1st M. ($350,000), g o ld ...
1,0 00
J. T. A K . W. consol, m ortgage for $4,000,000.... 200 1890
«... 1894
1,000
Jacksonville Ter. My —1st M., $300,000, ft., guar.i
1,000
8 1867
J e f f e r s o n - 1st A 2d Ms.ext. in '97A 'S9 (H'dnle Br.
1,0 00
37 1889
1st M. Carbondale to 8. depot, gold, guar. p. a i .. «•
45 1877
1,000
J o l i e t Jl N o r t h e r n I n d i a n a — 1st M. gu. p.Ai. M. C.c
1,000
Junction / P h i l a d e l p h i a ) — U t in.,gear.p.Ai.(cit'd). 3 56 1882
1,000
3-50 1865
2d mortgage, guaranteed prin. A int
1.000
Kanaw.et M i c h . — 1st M.. $15.000p.m.,g.jru. p.A i.c- 104 1890
1,000
10 1886
X a n s a e C i t y B e l t - 1st ($.334,000 gu. K.C.K8.AM.).o*
1,000
174 1885
K n n s a t O i l y C t i n t o n <#S p r i n g . — l e t M., g., guar
500
1877
Pleasant Hlu A Be Soto 1st mortgage, gold....
Purchase m oney 2d inert. incom es, non -com .......
2d M .gold, int,
p.c. till Sept.'97, then 5 P-O..C
3d m, tS3,000,000) incom e ttll Sept. 1 , IS 97, g ..e '
Colorado Bridge bonds, sinking land...................
loxa Cent—Common stock, $11,000,000 auth.......
Preferred stock, $7,400,000, 5 p. c „ n on -eu m ....
le t M ..fo r $7,830,000; $15,000 per mile. g o ld ., c '
Kelthsborg Bridge le t m ortgage,gold, gu a r....e*
776
776
776
....
....
....
503
______
Bo j m . - T he second mortgage interest, scaled to 4t* per cent, until and
including Sept. 1 ,1997, is now 5 per seat; but in ease of default the
rate reverts to 6 per cent as formerly. Second mortgage bonds are re
served to take up the $3,000 old Incomes.
The third mortgage 4 per cent bonds for $3,000,000, which were
incomes until Sept, 1 ,1897,o»w draw interest at l p. e. per annum.
V. 56. p. 82. There 1* also nut*tainting fractional 3d mortgage scrip
convertible for $32,887, The certijleates o f Indebtedness are secured
by first mortgage coupon* held in trust; the last Instalment Is due Nov.
1,1897. On April 30, 1S97, loans and bills payable. $350,000.
Eakmsos.—On 775 mile*, not including Galv. U. A II.. Jan. 1 to
Oct 14, 04, months, gross, $2,610,333 In 1807; #2,498,534 in 1896.
Tear ending Dec, 31, i'806. gross, $3,522,384; 1895, gross. $3,277,857.
For years ending June 3«, on 775 miles <0. H. A H„ not Included):
. . . . . . __
$3,000 . .. . .. M. & S.
7,051,000
5 e. (M. & 8. jSt. Y., office. 195 B’wav.
2,695,500
4 g. JL A S.
See remarks.
7
M. A N. fCY., office, 195 B’way.
198,000
8,457,425
5,569,376 ------- j .....
6,330,433
5 ft. J, A D. N. Y„ Mercantile Tr, Co.
591,000
6 e . J. <fe D. N. Y., Central Trust Co.
600,000 ........ yearly.
Boston.
1,500,000 ........... ......
300,000
6
J. A J.
Seo text.
350,000
5 Ee A* & O. Phlla..Fenn.Co.for Ins,
4 ' J. A J.
1,582,000
141,300
8
1 ...... N. V., Seaboard N. Bk.
1,566,000
6 g. J. A J. Jan.,’95, paid July,’95.
360,000
6 £. ML tk 8. Moh.,’95, coup, last ixl.
200,000
6 g. M, A S. Meh., '95, coup, last pd.
6
M. & 8.
No coupons paid.
1,784,000
a g. j . & j . N.Y.Metropolitan Trust
500,000
300,000 4»s A 6 J. A J. Phila., Fidelity Tr. Co.
N.Y.. Erie RR.
2,800,000
5 g. A. A O.
800,000
7
J. A J. N. Y „ Farm. I„ A Tr. Co.
425,000
4>a J- A J. Phila., Broad St. Sta,
300.000
6
A. A 0.
do
do
4 g. A. A O. N. Y „ Central Tr. Co.
2.409.000
2.050.000
6
J. A J, Boston,Of.,50 Stalest.
3,192,000
5 g. A. A 0. Boston. Mereh. Nat. Bk.
do
do
58,000
7 ft. A. A 0.
i
1
Sept,
Sept.
Sept.
May
1,
1,
1,
1,
1909
1909
1921
1920
Apr. 11,1892
June 1, 1938
June 1, 1925
July 10,1891
July 1, 1910
Oct- 1, 1925
J an, 1, 1935
Jan. 1, 1914
Jan. 1, 1906
Sept. 1, 1916
1940
July 1, 1939
July 1, 1927
Jan. 1, 1909
July 10,1907
July 1, 1907
Apr. 1, 1900
Apr. 1, 1990
July 1, 1916
Oct. 1, 1925
Oct., 1907
E aI'Sinub.—5 month*. >1897........... .Gross, $117,560; net, $8,933
April 1 to Aug. 31.
J 1890............ Gross, 123,028; net, 10,759
R eport.—Report for year ending Starch 3 1 ,1897, in V. 64, p. 1222
Gross.
Net.
Other ine. *Charges.
Balance
1896-97....$306,288
*18,968
$759
$180,863 def.$161,136
1895-96.... 317,278
def. 5,667
954
172,729 def. 177,442
1894-95.... 068,782
200,428
1,778
230,271 def, 28,065
■Total charges Including In 1898-7 taxes, discount, etc., #17,903,
which were paid, and Interest on 1st* (accrued), $132,960, not p a i d .
In previous Voars only part of 1st mortgage interest was paid.—V, 64,
p. 109,707,754, 88$. 1222.
J a c k s o n v i l l e T e r m i n a l B y . —Owns union freight aud passen
ger depot* (the latter opened Feb. 1. 1805,] and terminal properties at
Gross.
Net.
Other ine. Charges.
Balance. Jsck-oovUir, Fla., Including 20 miles of track, used by Savannah
1895 96 .. $3,171,112
8691,622 $34,771 $899,803
def.$168,409
Florida A Western, Florida Central A Peninsular and Jacksonville 8t.
1894-95.... 3,401,653
1,125,263 14,201 438,989
anr.280.555
Augustine A rndian River (now Florida East Coast Ry.l, which eom1893-9 i __ 3,107,763
738,317
30 863,000
def.124.644
males guarantee by endorsement the principal and interest of above
-(V . 01, p. 1013, 1064; V .62, p. 778, 103S; V.O’J .p. 647.)
muds; trustee, Metropolitan Trust Co., X. Y. Property is also used by
Jacksonville
Tampa A Key West.
loss a Central f ly .—Operate- from Peoria. 111., westerly to O ka
loosa, ta„ thence northerly to Manly Junction, la., and branch e*, vlr :
J e f f e r s o n K B . —Own* Lanesboro, Pa., to Carbondale, Pa , 37
branch. Hawley, Pa., to Honeadale, Pa,, 8
Miles,
M i t e s . mile.* double track;
Iowa Jane., Hi., to Ml#*, River. 80 Ketthsburg Bridge over Mis#,. 2% mile*. Leased in perpetuity to the Erie RR. Co. for $140,000 per
Mi**. River to Oskaloosa, la .. 95 Track, low* Jiuiefn to Peoria. 3>-j annum for main line and $14,940 for branch. Used by Delaware A Hud
son to reach Carbondale. Stock, $2,096,050; all owned by Erie RR.
Oskaloosa to Manly Junction,. 154
Branches to Alhla, etc.______ .165
Tout of aU................... ........509
J o lie t A N orthern In d ia n a K B .—Owns Joliet. HI,, to Lake
In 1896 began operating jointly with Burl. O der R, A No. the line |Station, Ind., 45 mile*. Operated a* part of the Michigan Central sys
Manly Juno, to Northwood, 11 mile*, formerly leased to that road.
tem. Road opened in 18' 4 and leased to the Michigan Central. Stock
HjraTos r,—Rsorganliatlon (by plan In V. 44, p. 653) of the Central ($300,000, par $100) carries dividends of 8 per cent- per annum.
Iowa sold In foreclosure In 1887-68
J u n c tio n K it. (P h ila d e lp h ia ).—Owns Belmont, Pa., to Gray's
CkrtTsh STOCK.—The preferred Is entitled to 5 per cent fntm eumil Ferry, l'a , about 4 miles It connects the Pennsylvania, the Philadel
lative), then common to 5, then both share pro rata.—(V. 02, p. 5484 phia A Reading and the Philadelphia Wilmington A Baltimore railroads,
DfTtinwtMt,—On preferred stock In 1892- paid 1 per cent; none since. coming Into Philadelphia, which three companies jointly guarantee
principal and Interest of bends. Stock $250,000 (par $50), Is all held by
Bonus.- Mortgage trustee Mercantile Trust Co.: abstract V. 49, p. 582- these
three cos. D m urxns—tn 1891 40 p. c.. In 1892 35 p. 0., in 1893
E4MUSM-4 month*. > 1897........Oross, $294,946; net, $103,089 30 p. c.; In 1894, 15 p. c.j tn 1895, none; In 1806,15 p. c.
July 1 to Aug 31.
{ M M .......... fiross, 251,442: net, 75,654
K a n a w h a A T llch lean I l y . - f A c Map Toledo<f Ohio Oenlral.)—
AWttDU. RrftJSrr.—Piscsii year etuis June30; report for 196697 w»* Owns Corning, O., to Gauley on the Che*. A Ohio, 172 miles, less 17
tn V. 65, ph 366. Soft coal tonnage in tear 1966-97 was 611,796 (54 miles. Pomeroy to Gallipoli*. ami 1 mile, Athens to Armltnge, where 0,
p e. of total tonnage)s 1.490-90 was 584,003 tons; In 189i-95 was It. V. A T. tracks are used, Also owns branch of 11 miles lea* ;d to
671,757 ton*, ~*lnc »$-6 per cent; ton-mile rate in 1896-97 was <>-»* Toledo A Ohio Central and Col. Shawnee A Hocking Ry. companies.
cents, against 0-90 cent* fit 1895-96; train load 173 tons, against 172
Histort, Etc.—Reorganisation in April, 1890, of the Kanawha A
tons.
Ohio Railway sold in foreclosure. (V. 50, p. *51,483.) InOet.,1890,
Year ending June 30.
1897.
1896.
1893.
a large Interest In the $9,000,000 of stock was acquired by the Toledo
Av'jfe mile* of road operated
509
490
498
A Ohio Central, which has guaranteed the bonds, principal and Inter
Gro«* earnings.................. ,..$1,564,206
$1,939,708
$1,509,221 est. !8eeV. 52, p. 105. 351.) The first mortgage bonds are author
Ret earnings mver taie*t
100,501
617,385
459,43-4 ised at $15,000 per mile of road constructed.
Total art ree'tiMhin!. rental*)
409,348
631,721
473,195
L vTKST Karwrios—2 tons., (1897----Gross. .$102,902; net, $29,755
Interest, rentals, Ac.............
371.792
373,103
378,347
July 1 to Aug. 31.
(1896... Gross, 73.758; net, 14,944
Improvement*......................
30,054
80,239
24,975
Surplus over 2 Bnmth-’ charges, #6,885 In '97; deficit, $5,413 In *96.
Balance, surplus ...........
$3,502
$178,320
$69,064 1 A nnual Statkmkst.—Fiscal year end* .Tune 30. In year 1896-97
#179,488; Pet (including other Income, $1,517), $119,335 ; inProliant (Sept., 1997), H. J. Morse. (V. 63, p. 598; V, 04. p. 1181; gross.
fere.it, taxes, etc,. #122.182: balance, deficit for year, $3,147. In
V. 65. p. 277, 463, .100.)
1sir,cm. gross, $472,069; net,$110,129. in 1894-95 gross, $420,625;
J a c k s o n v i l l e he St. L o t « l» B y .—Own* Jacksonville to Central hi, j net, $108,201—(V. 57, p. 22. 62 ; V. 63, p. 503, 792 ; 55 05, p. 5 1 4 .).
m.. 112 mile*. A reorganisation July l, 1806, of the Jacksonville Louis
K ilii-n* O ily A; A tla n tic H i t - Roud from North Kansas City to
Ttlfa A St, Lout* RR., foreclosed June 10, 1996. Hoad 1* nper.it>-■! fit-} BmitbvUle. Kan., 20 mile* la operation; there are 0 miles not operated.
dependently. A* to voting trust, etc., see reorg. plan In V. 63. p. 30. Purchased tn January, 1*97. by K. C. A Northern Connecting (which
The first consol, bond* outstanding (trustee of both 1»t# and Income* see) to form part of its main line.
Penn. Co. for In*, on Lives, etc.) may be Increased to $630,000, butK a n s»s City Belt H V.—From Argentine to Valloy of Blue River, 10
to take up tiic faeksonvflie Southeastern bond*. For the year mile*.
Stock authorised $2,500,000 (par, #100); outstanding
r i , r,» June 30. 1897. gross. #225.793; net (over taxes). $42.131: In $100,000
(par, $100); owned one-half l>y Atchison Topeka
st on bonds. etc., #T7J>ls(: Imhmcc, surplus for year, $1,634. Tn A Santa Fe
and three-tenths by Kansas City Fort Scott- A Mem
1898-00. «ro-s, #210.831.—'V. 02, p. 779, 800, 008,1087; V, 03, p, 30, phis and two-tenths
by Chicago Milwaukee A St. Paul. Double-tracked
and used for a terminal road at Kansas City, being leased for 99 years
J a ck son v ille T a m p s A- K ey XVrsl It y.—Line of road Jackson; from 1888 to C 31- A a t Paul and Atchison Top. & S. Fo (jointly with
vtlle, Fla., to Sanford. 125 mile*; Enterprise branch. 4 miles. other companies) for payment in eatdi cam of 3 p. c. per annum of
Belaud branch, 6 miles. Atlantic Const St .Johns A Indian Elver, co»t of property used with equal proportion ot cost of conducting
Enterprise to Titusville, 37 tattem Sanford A Lake Enstis DIv., Sanford transportation and maintenance according to whoelage. The mort
gage Is for $2,500,000. Kausino*.—For year ending June 30.1897,
to Tavarc*. 29 mile*; total J.T. A K. VV„ 200 mile*.
#216,450; net. #140,797; taxes. #8,364; interest, $121,500;
RKCRtveasttir, Etc.—Receiver appointed Aug, 4, 1893, Receiver dividends
p. «.). #5,000 ; balance, surplus, $5,933. In 1800-7 gross,
1» now Joseph H. Durkee. The land grant was about 1,500,000 acres. #212,889; (5
As to Florida Southern (see that company). Foreclosure sale under City, Mo. net, #131,418. President, Edward 8. Washburn, Kansas
*" ' mortgage o f 1800 postponed on May 3,1807. for the fifth time,
K an sa s Gity C lin ton he Springfield B y .—Owns from Cedar
Aod b o p a s s
s e t to
so vOctober,
e t o o e r , 1897—V. o
s , pp.. c998;
s s ; upset price
64,
#350.000. Consol* for only #1.378,300 are rceogui/.ed
on valid. (See Junction, Kan., to Ash Grove, Mo., 164 miles, ami branch to Pleasant
_ m
V. 02 , p. 093.1 Current liabilities, not- Including overt
overdue Interest, HU), Mo., 10 miles; total, 174 miles, but only 103 miles operated.
March 31, 1897. #31,403.
stocks. Etc.—Stock Issued, $1,775,400 (par $100), one-half owned
First MoirruauK C m n o m i. Etc.—Wlnthrop Smith. Chairman. 517 by Kansas City Fort Scott A Memphis RR., wbloh guarantees the
Chestnut St, Phila.; H A. Du P»nl, Alfred S. Elliott, Henry X. Paul. bonds; due that company July 1. 1896, #423,000.
Over fonr fifths of the/lr*(* had been deposited In April, 1896. ForeAnnual R eport.—Fiscal year ends Juno 30. In 1890-7, gross,
e suit under first mortgage has been brought. Consol* are repre- $330.0*5; net. #104,083; other income, #111; interest, $163,060
l by Simpson,Thacher A Bariutm, New- York, V. 64, p. 754.
balance, deficit for year, $38,860, In 1895-96, gross, $403,915; mat,
flTOcK-jMock July 1, 1892, wa* $3,010,000, of which It 1# said #185,077. In 1894-95, gross, $114,328; net, $196,047.~(V. 59, p. 878 .
V. 01, p. 1010.)
the Florida Constnifitlon Co. owns $2,713,300.
?
INVESTORS’
70
illiuar
2Montevideo
Marsha
[V o i .. L X V .
^StiiTyater /
-JL-Jj ndsou c
gt.
Hutchinson^.
^<\/Granite F alls
mil ,
supplem ent.
a.
Glencfre
st.
p.
Xurwood'
Chaska
Merrier
X - Redw
/Balaton
M AP OF TH E
KANSAS CITY & NORTHERN
C O N N E C T IN G
R A IL R O A D
O ctober 1897.]
RAILROAD STOCKS AND RONDS.
71
S u b * c rlb e r s w i l l c o n f e r a g r e a t f a v o r b y g i v in g : I m m e d ia t e n o t ic e o f a n y e r r o r d le c o v e r e d I n th e s e T a b l e s .
Bonds—Princi
IN'FEREST
RAILROADS.
Miles Date i Size, or
Due.
Amount Rate per WTien Where Payable, and by pal,When
of ! Par Outstanding
Por explanation of column headings, Ac., see notes of
Stocks—Last
Road.
Cent* Payable
j; Valne.
whom.
on drat page of tables.
Dividend.
Kansas City Ft. Scott <e Memphis—Stock..
Preferred stock contracts. 8 percent..
K. C. F. 8. & a. 1st M., I'd. gr.,a. t . dr'n at 110.o’ 160
10-year 6 per cent coupon notes (over-due) —
ST. Scott Soeaateru A M. 1st M., driwn at 105.o*
Short Creek A Joplin 1st M„ drawn at 105...... o*
Memphis K. A Col. 1st M. (see text)............ ...c*
Kansas A Missouri HR. 1st mortgage....
Consol, mortgage ($25,000 per mile) not dr'n. . 0*
Current Riv, HR. 1st mort,. $20,000 p. m„ guar.:
Kan. C.A M.R’y AB’dge !etM.g.,-!.f..dr'u»t llO.e'
Kansas Equip. Co. 1st if. guar., s. t., red. at 110..
| « . O. Memph.d Bir.—Gen.M.,$4,500,000,ear.o'i
Income,non-caomlatlve. $7,000,000, ear— ..•••
Birmingham equipment M.,g.,gu. (red, at 110).,i ‘
Memphis Equipment Co., guar., red. at 110......o'
Kansas City d northern Connecting kit.—
1st mortgage, gold, $20,000 per mile.................•>
2d mortgage, income, gold, $15,000 per mile — :
Kan. City Nortsu-estern Molt., gold. See text o'
& O .dOm .—lit M. (#15,000 p. m.) g.. lm. gu.e'Ar,
Kansas City & Pacific—She MlsteoCKl K ansas A T e .3
C S s 0. Pitts, d Gulf.—1st mort.. gold....... ...........;
K. 0. Si. Jo.d (Joan.HI.—Con. M. i.\o«. 1 to 500 pf.H"
1st Ms. Now and Turk. VaL Rita. a t (dr.at 100/, c'.
Funding notes. .................................................. ;
Kan. City Suburban Belt—S tock ...........................
1st mortgage.gold................ ........................... (■
Consol- Terminal By. of SC. <'.. 1st M„ g old — e*
Union Ter. BK.Oo.lst XX. (#2,000.000) g. guar.o'
Kansas City A Indep, Air Line 1st XL. gold..ears
Kansas City Watkins d Gulf—1st more. gold. ...<•*!
Kansas Midland—1st M., gold, $15,000 per mtle.e
$9,997,000
2,750,000
2,197,000
320.000
571,000
1 1,0 00
1,0 00
94,000
1,090
492,000
1,0 0 0
390,000
1 2 ,STD,000
1,0 0 0
1 1,0 00
1,606,000
• 1,000
3,000,000
1,000
761.000
[500 Ac, 3.159,010
500 Ae. 6,318,020
1.0 00
1 ,000.000
J 1,000
189,000
$ 10 0
10 0
100 Ac.
Text. !
.Text.
1,0 0 0
1,000
I 1891 |500 Ac.
500 Ao.
I 1,000
100 Ac.
! 1.000
1
I
!
!
i
I
1
(!>
(1)
See text
2,713,000
13,531,000
8 ,000.000
503,000
480,000
i oit
4.750,000
1.000
1 .000.000
1.000
750,000
1,0 00
1,550,000
1 .0 (F)
300,000
# A S.
1,067,400
1 .0 0 0 ! 1.608.100
Boston, Of., 50 State St.
do
do
J. A D. Boat., Nat. Webster Bit.
Various
6
7
M. A g.
do
do
7
M. & S.
do
do
7
M. A S.
do
do
5
do
do
F. A A.
6
M. A N. Best., Nat. Webster Bk.
A. A 0. Boston. Nat. Union Bk.
5
A.
A 0. N.Y., Un.Tr. Co. A Bost.
5 g.
J. A J. Bost.. Nat,Webster Bk.
5
4
M. A 8 . Boston. Old Col. Tr. Co.
Sept, 1 2 p. e. pd. Sept. 1, 1897
5
6 g. M. A S. Boston,OldCol'oyTl'. Co
F.
A A,
Boston Office.
6
5 gr. J. & J.
5 1?.
N. Y., when earned.
5 g. J. A J. July,’96, coupon paid.
J.
A
J.
July,
'93, coup, last pd.
5 e
5 g. A. A 0.
See text
J. A J. Boston, 2d Nat'l Bank,
7
7
J. A I>do
do
J. A J.
7
0 g. J.
5 « . : F.
5 g. F.
5 K. iM.
5 g. J.
4 g J.
A
A
A
A
A
A
r>.|
A,;
A.
«
J.
D.i
do
do
Feb. 16,1891
Feb. 15,1893
June 1, 1908
Ou demand.
Sept. 1, 1910
Sept. 1, 1910
Sept. 1, 1910
Aug. 1, 1922
May 1, 1928
Oct, 1, 1927
Oot. 1, 1929
Jau. 1, 1905
Meh. 1, 1934
Mob. 1, 1934
Moll. 1, 1903
Aug. 1, 1905
1927
1927
Jan. 1. 1933
Jau. 1, 1927
Apr. 1, 1923
Jan. 1, 1907
June 1, 1920
Jan., 1907
June 1, 1894
June 1, 1920
Feb. 1, 1922
Feb. 1, 1923
Moh, 1, 1922
Jail. 1, 1930
June 1. 1937
K * u » a . City F ort Mcolt A flenopht* K H.—Own# main line from
K an sas City A- O m ah a B ) . - Owns Stronburg to Alma, Neb.
Kansas City, Mo., to Memphis,Team. 485 miles, with bnuiehe*. 236 150 miles, and MeCool Junction to K. C. A Ouiaba Junction, 41 miles
inllw; total owned, 721 miles, iTratmtotheCurrent River B it (Willow | |{K,lRo*xiz*Tt.>!f.-Reorg-ami.1tlm. Committee: F. P. Oleott.
iAnSpring*, Mo., to Oramllu.82 u».),ownmg#:)t2,OOOof l[.**l,6 0 6 ,000 stock thouy J. Thomas.Thomas B, Williams. E, KUery Anderson, E. C.. Bene
■Owns one-half capital stock of SC C. Clinton A. Springfield and of K, C. dict. Istdor Wormsor and 8 . L. Parrish; depository, Central Trust Co.,
Memphi/" A Birmingham HIL; also 300 shares Kan. City Belt.
N. Y, The road was sold in foreclosure July 8,1896, and purchased
Oh» anuaT!<>.m.—Formed In April. 1888, by consolidation of the Kan. by the committee for #130,000. To make the purchase and for repairs,
<3. Ft- Scott A Gulf and Kansas City Springfield A Memphis railroads.
etc., the bondholder* were nseessed $l«0per bond. The K. C. & Omaha
Jtailmty has been organised. but complete reorganization will be do.
DlvtDEsr*—
’86, ’87, '88, ’89, ’90. '91, ’Hi. '93.
1.
O, O,
) none ferred. -V. 64. p 567 The line was formerly In Union Pacific system
-Ou common ......... 4%, 4 4 , 34, 3. 34.
On preferred .......... 8%, 8,
8,
8, 8,
4, 9, 5
(since
Bakmxo -.-S tore Nov. 1, 1898. operated Independently by 8 t. J. &
Sosos.—Consol* (trustee New England Trust Co, of Boston) ar» Or. Island under operating agreement, and from Nov. 1, '8 6 to Feb.
28, '97. 4 month*, sro»« was about $73-600. net about $31.000. exclud
-Ecserved to provide tor ail prior bonds when due.
ing taxes of about $2,700 a mouth. Jan. 1 to Oct, 14 (94 months),
Latest Ear * 1*04.—Including K. C. C. A S. and Current River. From {gtOiRfcf #178.449 in 1897; #83.472 in 1896.
July 1 to Aug. 31, 2 month*:
For year 1895 gross. #75.415; deficit under operating $28,370. In
2 mo*.—
Bros*.
Net.
Charges.
Hal., surer 1804. gro--. #112.049 ; d el, #24,767, (V. 83, p. 76. 504; V. 61, p. 567. )
1897......... *008,348
$252,426
$227,198
*2\2S8
K an sas City P ittsb u rg Sc L u ll H lt.~ fS ee Man.)—Owns from
1896......... 7*5,396
237.002
228,206
$.8 80 Grandview. 23 mile* south of Kansas City, to Pori Arthur, -n Gulf of
O t W U l Finaxuk#.—On June 30.1897,MU* payable were $100.79* Mexico, 763 mile*; Do Qtilney lo Lake Charles, I,*., 21 miles; total,
And equipment bills $246,936. There ore - 138.000 K C. Spring. A M ■ 86 mile-: trackage, Grandview to Kansa* City, 23 mile* over K. C.
/plain lionds due May 1,1894, which were retired by friend* of the com Owed* a Southern and K. C. Suburban Belt. Arrangement* with
4 >siny add are held in suspense.
Malloi y Line of steamship* were reported in April. 1897, securing
conneettoft between Kansas City and New York via the Gulf of Mexico.
AjUfOAL RErour.—Report for 1896-7 In CdKoytCEE of Oct. 30:
—
V. 64, p. 754. Line completed to Port Arthur In Sept,, 1897.
Tear end. June30.
1897.
1896.
18951891.
1(i-Tiui\ Organized In 1889 under Law* of Missouri »»K.C. Nevada
Gross earning*........... $4,137,129 $3,991,694 $3,985,635 84.loo.740
A
Smith UR. and name changed J»n. 23. 1*93. See application
Net earnings............. #1,310,5*7 #1,209.895 #1.191.489 * 1 1 0 5 8 4 1 1 forFt.
hating stock and bonds on N. 3' Stock Exchange In V. 65, p. 473.
duterest »ud misccll .. 1,*260,223 1.147,130
1,099,278
......_ ..... ....................................L _ _ —-____ ( Stuck.—K. 0. P A Gulf stock authorized, $23,000,000 (increased
#30.334
#62.356
43 3 4 6 I from $20,006,000in Sept:,, 1897.) Y, 65, p. KM. #23,001) per mile; par
BiUaaco, surplus.
Deficits paid on Current River HR. and tCausas ’ 3tv i'Union A Spring- : $106; outstanding to October, 1897, .#19,863,000.
deid RR In 1896-97 » ■#100,941, not Includ' d aljove; : V 65, p 304.) | Ho NO-, Fir-t mortgage (*ee a b stra ct In V ft 4, p. I 04 4) gold bonds
K ansas City >L-rapld. A B irm in g h a m I t I t . -town* from
JBSjOOO per mil.- of mail: track and $15.000 £6r mile mhlitnnml for
M-iaphu to Birmingham, Ala, 253 mile*, and branches to Aberdeen ttBCond trmfc were authortred in April. 1S93, Interest on which until
Mi**., and 8s**eincr. Ala.,33 miles; total. 277 ml:-AI>ni. 1897, waa parable only If earned 7 o conform w th State laws,
v v ..o e (i n ...» r s
n
, ... , *. n-e
.* ,0 0
portion# of tbo road h»r« been built ami are owned under the title of
LR.‘f
r
e
P,
t
' *hc I’exarkana A Fori Smith and K. C. Shreveport A Gulf, whose
« ? in8^ f e ,ka?<T J ? ^ ‘
"took and rite- * stock and bonds are pledged to *ucnre the K. 0. P. A G. first*. Morty ^ . ^ y *?*** ° j . y
of »{re*” *»rnlng* dertvyd from bus nw- gage coven, equipment Mlwinrt Kansa. A Texas Trust Co., of Kan,ntwtali’ fa1
'v-r” ' 0<!SS^n'1 *as OWv. Mo., and the. State Trust Co..of N. Y,, trustee*. NewY'ork
W«*n.or*»at/e.| under plan of December, HOJ.-fthm 4. *7, p. ».*,$.)
•8to,,k Exchange reports#18,531,006 first* lhrtwS to Get. 18. 1897, but
BuNr/s.—The general mortgage ■-ml ■b-.r.- Interest st 2 p. r. In I8f»i of tliese $4.8.’><).HOOdo not begin to draw interest until April 1, 1898,
95; 3 p. o. 2d rear 1 1895-6): and 4 p. c. thereafter, Ou income bond- and on the balance the first coupon was due dot. 1,1897; coupons are
2 p. e. vra* paid Sept. I, 1897. (V. 83, p. 367,)
payable at company's office, 1 Na-sauSt,, S.Y. City.—V. 65, p. 367,463.
Latest Eaeswos.—From July 1 to Aug. 31 (2 mouth*):
Kakxin')*. -Gross earning* since Jan. 1,1897, have been a* follows
Balance. Jan. .. $101,104 A pril..$180,350 |July..,$204,29 1 1Oct........ ........
2 months.
dross.
Bel,
Charges.
1997............................$165,740
#25,952
#32,874 def »7.122
101
•'
K>,497 Aug.... 28'
o v ................
sur.8,265 Mar..... 156,500 June... 149,840 |Sept... 213,895 I Dec..................
1896........................... 172,209
41.268
33.003
A»E6Ai.REmtrr.—For year end. 1896 7 is Ctisoxict.B of Oct 30, 't»7:
For year ending Dec. 31,1896, gro»* earnings were #809,021; 1895,
Tear.
dross.
Net.
Other tne.
Interest. Bat., gar. gross earning*. $332,335, President (April, 1897), A. E. Stllwell, N. Y,
3896-7...... $1,241,393
#315,193
#35.790 $M».<WS f # l 43.889 j office, 1 Nassau St, (Y. 65, p. ID l, 367, 463, 172, 510.)
1995-6...... 1,199,651
223.761
25.749
176,965
73.545
K an sas c ity St. J osep h Sc C on n ell B lu ff* K B . - f See
Ha, Chicago Burlington A p.)-O w m from Kansan City to Council
7 Note.—From surplus 1896-97 paid 2 tier cent on Incomes in Sept., Bluff*. 193 mile*, branches 55 miles, proprietary line* (Nodaway Volley
tSS7, *126,1 V). leaving balance, surplus, of $16,748. (V. 65, p. 367.)
and Tarklo Valley rnllr- ads), 62 miles; total owned, 310 miles; leases)
K ansas City * N orth ern C on n eetln * U K .—'roe Map — 6 miles; leaned to other companies, 7 m.; leaving total operated, 309 m
Voder eosetrucUon Pattonsburg, Mo,, to Kansas City. Mo., 72 miles.
S T O C K . ETC,—The capital stock (include g Nodaway A Tarklo Valley
The K. <X A- Atlantic (which see.) North K. C. to Smltbyllle, 20 t»ii«*. Dec. 31,1895, $5,988,571. Stock for $5,263,293 was purchased by the
■»*- purchased in January, 1897. and will form part of the main itn
Chicago Burlington A Quincy In 1880, and the road, la operated aa part
O ftotxuvnox —This road U owned py the Kansas City Suburban of th.v system i onsols. Nos. 1 to 500, both Inclusive, have a prior Hen.
Belt RR-Co.. whose *:ttet,»ivi tortnln*)* it win u*e ft). K ini, is city. See description of mortgage In October. 1896, Soppiement, page 1.
When completed ft -»HI be consol dated with [lie Omaha K C. A
Divtbusos,—In 1893. Deo., 8'65 p. c.i 1894, Dec., 8 p. c.; for 1895
Eastern, forming with the K. C. •'UtaDitnc A Golf a new through , (declared in Ffd>„
"
of stock, 4 89 p. 0.
1896), on $5,263,200
;
route to the Gulf or Mexico. SeeV.63, p. 1177
E arMXOB__In year ending Dec, 31,1896, *ro*» earnings were $1,SttcoBiTiKS.-Stock authorized. f3.0tX),000. at $35,000 per mile, of 761.991; net. $678,541 ; other Income, $1,393 : interest and rentals,
which $20,000 per mile to be issued at preseah
$455,377; dividends, $224,316; surplus for the year, $241. In 1895,
Full Bttrtleitlar* regarding bonds were lu V. 62, p. 1177, When con- j gross earning# were #1,850,237; net, $717,007.
•olldatlon with
K. C. A East, take* place, the bon is, and also Hie
stock, It I* provided, may be exchanged, dollar for dollar, for first I K n o a i City Suburban B elt B i t . —(See Map.)—R o a d —Ex
•mortgage bonds end stock re*;
' '
» - H i r & r v 'S (;f \ % i wuw,,',“twi
!s s s ^ w
^
g r s t f K
Pre*., A. En............
'
. , _
___
.... i terminal facllltic# for the railroad# centering at Kansa* City, and
K an *** CUy N orth w estern K B ,—Road Kansas City to Vtr furnishes quick transit from the manufacturing suburbs along the
«tni», Neb., 183 mile*, of which Seneca to Axtoil, II idles, and Smith Blue Valley. By connection with Union rennlnal RR.. in Kansas City,
Leavenworth So Leavenworth, 1 mile, arc trackage, »ad 29 miles, Kansas, this road also reaches the West Bottoms by a system of via
Bnnwnerflfdd to Virginia, was formerly the Kansas ’ tty A Beatrice. duct*, and here makes direct connection with every road entering
Branches, 12 miles. Total, 174 miles. A reorganization nt the K. r Kanaa* City from northwest, west and southwest.
wyanttotto A W. W „fore-dosed Jan, 5. 18'-*4 Stock, $3,500,000 •
‘ par
OROAXiZATtus,—•In 1892 consolidated with the Consol. Terminal Ry
With)), controlled in Interest of Missouri Fa ifle Ry,—V. 52. p. 15 i.
Co., and tri January, 1893, boughttheentire capital stock of the Kansas
.
-Mortgage for $3^00 000 (MsmantUe Trust Co.. S. V.- City A Independence Air Line Company. (V.55,p. 995.) Also owns all
Nmmvmi leaned mjuty. tm i. Of the bonds, $900,000 are series "A." but six shares of the $2,000,009 stock of Union Terminal Ry. Belt
pTeferteil" as to prinelpa) and Interest, and are redeemable after 5 an t ill «teok * $4,750,000. all of which ha* been Issued,
...................
rrtvl
. stock. was paid.
year* at 105 Car trust* June 30. 1 495. # 1 .5 9 .6 8 1
Ytiridend
of aVercoiitto'
Nov. 1, 1893, and 2 p. c. in
E ar*ts o * .- For calendar > k ton 174 mtt**i arose In 1896. *301.597 [ stock in May, 1894. Trustee of the Suburban Bell mortgage la theMlsfS'iiin*! $257,529. In v*ar ending J w - 30. 1895. on 153 miles sour! Kansas A Texas Trust Co., of Kansas City.
ffltoltea* C-Itjr A Birmingham not being tnrinded. gross, #264.796: n et,1 fit the #1,550,000 tin. Term. 1st 3* of 1893 issned, $250,000 are
#27,288; other Income, $3,149; charges. $65,996; deficit, $35,561.
I “ eld In treasury of K. C. Suburban Belt.
72
INVESTORS’
SUPPLEMENT.
[VOL. L X V
»
r*
NORTH
BONDS,
K A N S A S C IT Y
HA 1 U .IM
K A iL iiO A U
STOCKS
AND
>H I I &RLAAB
WAsllfM
T W - rm pE Sw x
jm
T ainixnfir
unUNION 0EI»6tU
.J-X'Efi
NI ON
LlMlJ
1:0-1
October, 1897.]
M AI* O F T H E
UUySSES
'
coal
MINEifV
KANSAS CITY SUBURBAN BELT R. R.
KANSAS CITY & INDEPENDENCE AIR LINE
AKO
*
ig m -i
i . ViLJ J X
'H E UNION TERMINAL RAILROAD.
S h o w in g - T o p o g r a p h y a n d R a ilr o a d
E n t r a n c e s o f t h e C ity.
74
INVESTORS*
SUPPLEMENT.
[V ol . L X V .
S u b scrib e r* w i ll c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d in th e se T a b le s .
RAILROADS.
Miles | Date j Size, or j
of
Par
F or explanation o f colum n headings, &c., see notes
of
Road.)
Bonds| Value, j
on first page o f tables.
Am ount
B o n d s —Princi
INTEREST OR DIVIDENDS.
pal, When Due.
Rate per When Where Payable, and by S t o c k s —Last
Cent. Payable
Whom.
Dividend.
$100 | $1,700,000
1894
75,000 i
R eceivers’ certificates, $ 1 0 0 , 0 0 0 . . . . . . . . . . . . . . . . . .
1881
1 . 000 .
000 5
i g.
1st m ort., gold, $250,000, gu. by City o f N. Albany
1889
600.000 I
5 g.
2d m ortgage, g o ld ........................................................
1886
400.000
!
Term inal m o rtg a g e ,g o ld ...............................- ........
„
5 g100
1.524,600 See text.
Keokuk 4 Des Mo.—Preferred stock, 8 per cent — 162
2,750,000
5
lBt mortgage, interest guar. C. R. I. <fc P ..............ox 162 1878 100 &c.
100
4.000.
000 2
Keokuk 4 Western—Common s t o c k .......................... 148
275.000 i
6
M ortgage notes o f 1880. ’ 94 and 95 — ...............
880.000 !
A dvances account Des Moines <fc Kansas C ity—
1891
1,000
378.000
5
Kewaunee GreenBay 4 Western—1st m ortgage L.c
1 ,000
572.000 i
6
Kingston4 Pembroke—1st M .,gold,(redem . at lOo). 113 1882
1897
.........
Knoxville Cutnb. Gap4 L.- 1st M., $1,500,000.......
2 , 0 0 0 ,,000
6 g.
Knoxv. 4 Ohio—1st m ort., gold, guar, by rent. c’ «fer " *66 1885 1,000
100
11,840,
725
L a k e E r i e «t* W e s t e r n ^ - Com. stock, $20,000 p. m.
100
11,840
5 in 1897
P ref. stock, 6 per cent mot cum.) ($20,000 p. in.). 725
1,000
7,250',000 I
5 g.
725 1887
1st mortgage, ($10,000 p er mile) g o ld .. . . . . . . -.c
1,000
2,600•,000
5 g.
2d mort.T fo r $3,625,000 ($5,000 per mile) gold .c 725 1891
100 49,466 ,500 6 in 1897
Lake S h o r e M i c h i g a n S o u t h e r n —S to c k ........
100
533!,500 !
10
Guar. 10 per cent stock (M idi. So. & No. Ind.) .. .
1868 500 & c .
2,276 ,000
88
7
Buffalo & Erie 1st m. (Buffalo,N.Y.,to Erie, P a.).c
1,000
1,134 ,500
7
Lake Shore div. bonds (Buffalo to Toledo, O .)— c 258 1869
1,000
7
10,778 ,000
ConBol. 1st m ort.8ink.fimd $250,000 yearly. c<fer 859 1870
1,000
1873
,000
859
9,998
7
Consol. 2d m ort. (for $25,000,000), d o .........c<fcr
1897 l,00 0& c 22,433 ,000 I 3^2 g.
New m ortgage, $50,000,000, g old ............... c <fer
1,000
924 ,0 0 0 !
55 1876
7
Detroit M onroe Toledo 1st m ortgage, guar.. c
1,000
400.
37 1890
Kalamazo & White Pigeon 1st m ort., g u a r........ c
5 g.
1,000
1889
41
79,
3 g.
Bat. Cr. & Stur. 1st M., g., guar. p. * 1. (see M.Cen.)
29 1889
322,,000
3 g.
1 Sturgis Goshen & St. L. 1st mort., g., p. & i. guar.
100
610.
58
,000
5*95
Kal. "Allegan & Gr. Rapids stock, rental guar.......
1,000
840;,000 I
58 1888
5
1 st m ortgage, guaranteed
....... c
300.
10
26
Erie & Kalamazoo (l’ sed) st’k, Toledo to Palm yra
j.
1T Interest on registered bonds is paya ble Q.l —J.V On coupo n bonds
Kentucky 4Indiana Bridge—Stock...........................
M. A S.
A. & O.
J. A D.
See text
A. & O.
A. A O,
Sept., ’ 96, pd. Oct., ’ 97 Mar., 1911
Apr., ’93, coup, last pd. A pril, 1919
June,’93,coup", last paid Dec., 1916
N Y.. Office, 13 Wm. St. Jan. 15, 1895*
do
do
Oct. 1, 1923
N. Y ., Cuyler, M. A Co. Oct. 1, ’97, 1%,
Option o f Cov
J. & D. Jos W alker’ 8 Sons.N.Y. June 1, 1921
J. A J.
In default.
Jan. 1, 1912
.J & J. N.Y., J. P. M organ & Co. July 1, 1925
Q.-F. 15
J. & J.
J. & J.
F. <fc A.
F. & A.
A. & 0 .
A. A 0.
If
J. & D.
•J. A D.
F. & A.
J. & J.
J. A D.
J. & D.
A. & O.
J. A J.
F. A A.
N.Y. Office, 80 Br’dwav.
N. Y ., Chase Nat. Bank.
do
do
N.Y.,Grand Cent. Stat’n
do
do
.
No v . 15 ,’ 97,134Jan. 1, 1937
July 1, 1941
Aug. 2, *97, 3%.
Aug. 2, ’97, 5%.
Apr. 1, 189s
Apr. 1, 1899
Coupons payable by
July 1, 1900
Treasurer at Gr’ d
Dec. 1, 1903
Central Station,
June 1, 199T
N. Y .
Aug. 1, 1906
Registered interest
Jan. 1, 1940
payable b y Union
Dec. 1, 1989
Trust Company.
Dec. 1, 1989
Oct, 1897
July 1, 1938
N. Y ., Gr. Cent. Station. Aug., ’97, o% >
H i s t o r y , E t c . —Com pany form ed In 1887 after foreclosure o f t h e
Lake Erie & Western R a i l w a y . In March, 1887, purchased Indianapoli
Peru & Chicago, 162 miles, and in June, 1890, acquired F ort Wayn eCin. A L ouisville. (See V. 50, p. 590.) The term inals at Indianapolis,
K a n s a s C it y W a t k i n s & O n 1f B y .-C o m p le t e d in 1892 from Peoria, F ort W ayne and New Castle are operated partly under lease.
Lake Charles, La., northerly to A lexandria, 98 miles; branches 3 The com pany lets about 74 m iles o f trackage and term inal rights, r e
miles M ortgage trustee, Farm ers’ Loan A Trust Co. Stock author ceiving about $35,000 yearly.
In Septem ber, 1895, purchased th e
ized $1 0 ,0 0 0 ,0 0 0 - par $100. On June 30, 1894, stock for $1,967,400 stock o f the Northern O h io—which see.
was outstanding. In A p ril, 1896, floating debt was about $100 000.
Interest lias been in default since July, I>95. C o m m i t t e e .— W. II. D i v i d e n d s since ’ 9 1 5 Y ear. 1892. 1893. 1894. 1895. 1896. 1897.
on preferred.— ( P. ct.. 4%
5
5
5
5
5
M ale Chairman; D. O. Eshbaugli ana Tberon G. Strong: Secretary,
H R.’ W ilson, 41 W all St., N. Y .; depository, M etropolitan Trust Co.,
B o n d s .— Abstract o f first m ortgage (Central Trust Company and A. L »
N.' Y .—V. 65, p. 327, 571, 729.
Mason, trustees). In V. 46, p. 45; o f 2d m ortgage (Cent. Trust C o .o f N. V.
K a n s a s M i d l a n d R y . - R o a d from W ichita to Ellsworth, Kan., and Robt. O. Bell o f Ind., trustees), In V. 54, p. 444. Guarantees $ 2 ,107 miles. R oad opened in 1887. Leased in 1888 to old St. L ouis & 500,000 Northern Ohio 5s—see that com pany. Second m ortgage b on d s
San Francisco, hut not included in reorganization o f that property. fo r $500,000 w ere sold in Sept., 1896, fo r air brakes, couplers, etc.,,
Old St. Louis A San Francisco receivers w ere held liable for ac leaving $1,025,000 in the treasury.
crued rentals—see St. L. & 8. F. item V. 6-4, p. 1043. R eceiver is A.
L a t e s t E a r n i n g s . —January 1 to Aug. 31 (8 m on th s):
L Wolff, W ichita, Kan. Capital stock , $3,004,200. First m ortgage
8 m o n th s—
C ro ss.
N e t.
F ix e d c h a rg e s.
H a l., s u r p .
bonds $ 1,608,0 0 0 : incom e 6 p er cent bonds (at $10,000 per m ile),
$896,052
$479,857
$416,195
$1,072,000. Trustee 1st m ortgage, M ercantile Trust Co., N. Y . St. 1897........................ $2,233,226
1896........................
2,248,556
949,401
462,864
486,53 7
L & San Fran, owns $2,026,850 o f the stock and $688,000 incom es.
A n n u a l R e p o r t .—F iscal y ear ends Dec. 31. A nnual m eeting Is held
K e n t u c k y & I n d i a n a B r i d g e C o .—Owns steel cantilever bridge at Peoria on first W ednesday in October. A nnual report for 1896 w as
over the Ohio R iver at Louisville and 5 miles o f railroad between given in V. 64, p. 1221. Interest o f $125,000 on Northern Ohio bonds;
Louisville, K y., and New A lbany, Ind.. and 5 miles o f belt line in guaranteed was paid in 1896. The traffic is well distributed, on ly 7 per
L ou isv ille; also owns Louis. A New A lbany Ferry Co. and N. A lbany cent being coal. A verage rate p e rto n per m ile in 1896 was 0 618 cent.
Street Car Co. The New A lbany B elt & Terminal road was acquired by
Y e a r e n d . D e c . 31.
1896.
1895.
1894.
1893.
Louisv. Ev. & St. L. m F ebruary, 1897. - V. 64, p. 423.
Gross earnings............ $3,344,274 $3,519,104 $3,345,403 $3,512,620'
R e c e iv e r s .— John M acLeod, F. W. T ra cy and S. M. Felton. Balt.
& Ohio S. W., the Southern R y. and Louisville New A lbany &
Net earnings..........$1,198,097 $1,368,675 $1,251,902 $1,258,379Chicago (now Chicago ludianap. & Louisv.) have acquired a block of Interest on bon ds____
471,708
467,500
455,333
44 4,97 2
the second m ortgage and term inal bonds fo r the purpose o f controlling North. Ohio int. guar.
125,000
............
............
.............
the property. See V. 62, p. 1087; V. 63, p.yoo, 601. Foreclosure sale Dividends......................(5)592,000 (5)592 ,000 (5 )592,000 (5) 592,000has been ordered, but no date set, and in O ctober, 1897, case was pend
in g in Federal courts.—V. 64, p, 82.
Balance, surplus.
$9,389
$309,175
$204,569
$221,407
I n terest P aym e nts .—First m ortgage interest due Sept. 11, 1896,
Calvin 8. Brice, N. Y., President. (V. 64, p. 371, 1 221.)
w as to be paid in Oct., 1897, at Louisville Trust Co. o f Louisville, Ky.
E a r n in g s .— F or year ending June 30, 1896, gross, $ 2 25,0 10; net
L a k e S lio r e A M i c h i g a n S o u t h e r n B a l l w a y . —(Nee M a j p
$83,393; charges, $113,810; balance, def., $30,417. In 1894-5, gross, N . Y . C e n t r a l .)—Operates from Buffalo to Chicago w ith branches. Th&
$ 2 07,5 46; net, $71,723. (V. 64, p. 82; V. 65, p. 620.)
system, well shown on the m ap, is m ade up as below. The m ain line
K e o k u k A: D e s M o i n e s B y . —Owns from Keokuk, la ., to Des (540 miles) includes 26 m iles betw een Toledo and Pamlyra, Mich.,,
Moines la., 162 miles. Leased fo r 45 years from October 1 , 1878, to under lease from the E rie & Kalam azoo.
R o a d o w n e d d ir e c tly .
M ile s .
the Chicago R ock Island & Pacitic Railw ay, the lessee to pay 25 per
L e a s e d , [Usee t h i s C o . . ]
M ile s _
ceBt o f the gross earnings, bu t guarantees the interest (not the p rin Buffalo, N. Y ., to Chicago, 111..540 K alam azoo A. & G. R ............
5S>
cipal) on the bonds. Stock is $1,524,600 8 per cent preferred and $2, Sundry branches.........................326 Jam estow n & F ra n k lin ....................51
E n t i r e s t o c lc o w n e d .
600,400 com m on (par $100), a m ajority o f which is held by the lessee.
M ahoning Coal R R .................
50
D etroit & C hicago...................... 62 Erie & Kalam azoo (26 m .)___ T ext.
D iv i d e n d s .— )
1893.
1894.
1895.
1896.
1 8 9 /.
D
etroit
M
onroe
&
T
oled
o.........
55
D
etroit
H
illsdale
&
S.
W...IT
65.........
On pref. p. c. $
2-4
95 cts.
90 cts.
None.
Kalamazoo & White P ig e o n ... 37
Rental fo r year to Mar. 31: In 1892-93, $151,700: in 1893-94, $151,- Northern Central M ichigan___ 61 F ort W ayne & Ja ck son ....... IT 98
624; in 1894-95, $137,500; in 1895-6, $139,521; in 1896-7, $139,521.
Sturgis G. & St. L ........................ 36
Grand tot. oper. Jan. 1 ,’9 7 .1 ,4 4 0
K e o k u k A W e s t e r n K R .-A le x a n d r ia , Mo., to Van W ert,la., 143
A lso owns 8 m iles, Silver Creek to Dunkirk, leased to N. Y. C. & St L.
m iles; operates to Keokuk. 5 m. Organized in 1886 after foreclosure.
Of the m ain line 490 m iles has double track. B y control o f “ N ickel
In 1895 the entire capital stock and bonds o f the Des M oines & Plate” the Lake Shore has still another line from Buffalo to Chicago.
Kansas City, extending from Des M oines, la., to Caiuesville, M o.. 112
O r g a n i z a t i o n , A c.—A consolidation on Aug. 16,1869. The N. Y. Ch. A
m iles narro w-gauge, w ere purchased. No plan to pay for same is t o be
submitted until the gauge had been w idened on the entire D. M. & K. St. Louis (Niokel Plate) road has been controlled by ow nership o f
C line—V. 64, p. 1087. A dvance account o f Des M. & K. C. to Jan. stock since 1882, Lake Shore now ow ning $6,240,000 o f its oom m on,,
$6,275,000 o f its 2d preferred and $2,503,000 o f its 1st preferred stock..
1 ,1 8 9 7 , $880,000.
The com pany also controls and leases the M ahoning Coal RR. [see Lake
D i v i d e n d s .— ) 1888.
1889-90. # 1891.
1892 to Oct. 1897 inch Shore “ S ystem ” below ] and ow ns (besides the entire stock o f the p ro
Per cent.
J 1
0
2
2 p. c. yearly (A&O)
prietary lines) $2,675,696 P ittsburg & Lake Erie stock. A V an derbilt
E a r n in g s — 8 m onths, 5 1 8 9 7 .................Gross. $262,289; net, $72,141
road h aving a large com petitive business.
Jan. 1 to Aug. 31. (1 8 9 6 .................Gross, 259,503; net, 91,091
C a p i t a l S t o c k .— The stock has rem ained at $50,000,000 sinceA n n u a l R e p o r t .—R eport Jor year ending Dec. c l , 1896, w as in V. 1871. The guaranteed stock o f $533,500 carries 10 per cent dividends
64, p. 1087, showing gross, $3 95,2 81; net, $1 20,0 43; interest on notes, D ivid en ds .—Sin c e ) 1888. ’ 89. ’90. ’ 91. ’ 92. ’ 93 to A u g .,’97 (in cl.>
$17,188; construction and equipm ent, $3 ,769 ; dividends (2 p. c.i,
1887.
P .c t .( 4
5
5
6 % 6!2
6 yearly (3 F. & A . >
$8 0,00 0; balance, surplus. $19,086. In 1895, gross, $380,624 ; net,
B onds .—Interest on the consol, first m ort. is paid on coupon bonfie$125,435. President, F. T. Hughes, K eokuk, Iowa. (V. 64, p. 1 0 8 7 .)
J. A J., on registered bonds Q.—J. The first consol, or the bonds p rio r
K n o x v i l l e C u m b e r l a n d C a p A L o u i s v i l l e B y . —K n oxville thereto are redeemed each year by $250,000 contributed to the sin king
Tenn., with tunnel at Cumberland Gap, to L. A N. at Middles- fund. The bonds outstanding are given above less the amounts held in
boro, 75 m ile s; branches, 7 miles. Part o f road (K noxville to Oumb. the sinking funds, which am ounted to $6,500,000 Dee. 31, 1896.
Gap, 70 miles) was purchased by the Southern Ry. and p art by L ouis
The consol, m ortgage o f 1897 (U niled States Trust Co.. N. Y., and
ville & Nashville in A pril, 1896. A m ortgage fo r $1,500,000 was ex e John
T. D ye o f Indianapolis, Ind., trustees,) is for $50,000,000 o f 3 %
cuted in M arch, 1897. V. 62, p. 6 8 3 ; V. 63, p. 361.
p er cent golu bonds, tax free, authorized to retire the several issues o f
K n o x v i l l e A O l i i o B B . —Owns from K n oxville, Tenn., to J ellico, 7s maturing from 1898 to 1903 (pee a b s t r a c t in V. 64. p. 1 1 8 2 )
Tenn., and branch, 69 miles Operated by Southern R ailw ay as part am ounting to $43,192,000, and the balance, $6,808,000 fo r use in re
o f its system. Stock is $1,122,200; par, $100. Southern R ailway funding said bonds and fo r general purposes o f the com pany. The
owns $767,000 o f the stock pledged under its consolidated m ortgage m ortgage covers 829-54 miles o f m ain line and branches—a consid
o f 1894. E a r n in g s .— Year ending June 30, 1896, gross, $496,126; erable p ortion being double tracked - and 181-11 m iles o f leased lines.
net, $224,863; interest, $120,000 balance, surplus, $104,863. In 1894- The refunding o f the first 7s into new 3 ^ per cent consols w ill effect
95, gross, $464,665; net, $143,389; interest, $120,000.
a saving in interest charges, w hen entire $50,000,000 are outstand
L a ik e E r i e A W e s t e r n R a i l r o a d B B . —(Nee M a p ) . — Owns San ing, o f $1,273,440 a year. To Ju ly 24, 1897, $22,433,000 o f 3L>s had
dusky, O., to Peoria,111., 420 m iles, and branch to Minster, 10 miles; listed.—V. 64, p. 1224.
Indianapolis to M ichigan City, 162 miles; F ort W ayne to Connorsville
G u a r a n t i e s .— In addition to securities in table a b o v e , com pany
Mid branch to Rushville, 133 miles; total owned, 725 miles, o f which guarantees by endorsement on each bond $1,000,000 Cincinnati A
691 steel; leased from Oct. 1 ,1 8 9 5 , the Northern Ohio R R ., Akron to Springfield 1st 7s, described under CL Cin. Ch. A St. Louis. See also
D elphos, 167 miles; total operated, 892 miles.
D etroit H illsdale A S. W. and F ort W ayne A Jackson.
E a r n in g s . —Jan. 1 to Oct. 14 (9*2 m onths), gross, $399,261 m 1 8 9 /,
aeain*t $277,154 in 1896. Year ending Dec. 31, 1896, gross, $340,560;
in 1895, gross, $277,769. N. Y. office, 36 Wall St.— (V. 65, p. 195.)
Dodge V.
Ev'ftnavm^i
Ca n s i n g
t*
M&nleJlir*
Sprlnsll*
Kalttttmgmi
iu>ptmi Uiitb
JTtekttrtM
■ffftaoi
i;y*-.ftc^Forrestoo
HICAGO
A
.'JpmjMo'
Jtnc|*oo1
od
ft
O tio to
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princeti’m
lerlon V,
OF
THE
RIE & W ESTER N
RAILROAD
AND ITS rOXNECTIONS
‘Mewiplii#Is
76
INVESTORS’
SUPPLEMENT.
LVol .
lx v
.
S u b sc r ib e rs w i l l c o n fe r a g r e a t f a v o r b y g iv in g im m e d ia t e n o tic e o f a n y e rr o r d isc o v e r e d i n tliese T a b le s .
Bonds—P rlnof
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
A m ount
of
Par
Rate per When Where Payable, and by Stocks—Last
of
F or explanation o f colum n headings, &c., see notes
Outstanding
Road. Bonds Value.
Cent. Payable
on first page o f tables.
Whom.
Dividend.
Lake Shore System—Mahoning Coal RR.—S tock....
43
43
....
Preferred stock, guaranteed 5 p. c. See t e x t .......
43 1884
1st M „ Youngs, to And., etc., guar. p.& i.(end )...o
Leavenworth Terminal Ry. d Bridge—1st M., gold. . . . . 1893
Leav. Tap. <&S. ?F.—1st M., V. guar.by At.& liy Un.P. 46 1882
LehighitHudsonRiver—1st M .,g.,int.red’o’d to5 p.c. 42 1881
63 1887
2d m ortgage..................................................................
W arwick V alley 1st & 2d Ms. ($240,000 2 d s)......... Text. ’79-’ 81
7 1880
W awayanda RR. 1st m ortgage................................
1890
Deli. & Hud. R.Gen.M. $3,000,000, g.(see text) .0'
1886
Lehigh d N e w Engl'd*—Slate V alley R R ., 1st m ort..
1895
1st m ort., $1,000,000, g o ld ........................................
Lehigh V a lley—
Stock ($106,300 is 10 p. o. pref.).
io i
1868
1st m ortgage, coupon and registered......................
101 1870
2d m ortgage................................................................ r
Con. M., sterling, g.,e.f.2 p .e.y’rly, dr’n at par.cAr 285 1873
do
coup, and regis., $4,762,000 are 4 12S.c&r 285 1873
do
annuity, $2,538,000 are 4 ^ s ..................... 285 1873
___
1897
Mtge. and Coll, tr., g., call at 1 0 7 * n .........P.c*&r
Leliigli &N. Y., 1st M., $2,000,000,g.,gu.p.&i.o*&r 117 1895
283
1890
Leh.Val. o f N.Y., 1st M .,g old,g u . p. & i.(end.)c*«fcr
Leh. Val. Ter., 1st M .,g o ld ,g u . p.«fci.,end..C.o*«fer
31 1891
60 1880
Easton & A m b oy,1st M.Easton to P. Amboy,guar.
12 1895
E aston & No., 1st M ., gold, guar, by L. Val..c*<fcr
1892
Delano Land 1st M., g o ld , guaranteed...................
22 1892
M iddlesex V alley, 1st m ort., $600,000, g old — e*
1866
Penn. & N. Y. Can. & R R .—1st in., en d ors...o**r.
Consols (seetext) g u a ra n te e d p .& i.(e n d .).G P r
1888
120 1884
E lm ira Cortl’d & No. 1st pref. m ort., gold........ o*
120 1884
1st M., gold, guar. p. & i. (en d.)............................
1886
O ana.N o.lst M., g.,gu.p.&i.by E.C.&N, ass.by L.V.
___
M orris Canal stock, 4% guaranteed 999 years—
....
....
Preferred stock, 10 p. c., guar. 999 y ears..........
$50 $1,500,000 10 in ’97 F. & A. N, Y ., Gr’d Cent. Stat’n. Aug. 2, ’97, 3%
50
661,850
5
j . & J. N. Y ., Union Trust Co. J u ly ,’97, 2 ^
1,000
1,500,000
5
j. & j .
do
do
July 1, 1934
1,000
600,000
5 g. J. & j . N. Y „ Central T rust Co. Jan. 1, 1923
1,000
1,380,000
J.
&
J.
July,
’
93,
coup,
last
pd.
July
1, 1912
4 g1,000
800,000
5
j . & j . N. Y ., Nat. E xch. Bank. July 1, 1911
1.000
209,120
5
do
do
J. & j .
July 1, 1917
500 &c.
385,000
A. & 0.
6
do
do
1900 & 1912
500 &e.
65,000
6
J. & j .
do
do
Jam 1, 1900
1,000
584,000
do
do
5 g. •T. tfe J.
July 1, 1920
500 <fcc.
61,500
4
,T. & J.
July, 1, 1916
1,000
403,000
5 g- J . & j . Phila., 927 Chestnut St. Ju ly 1, 1945
50 40,441,100
1893
1,000
6
J. & D. Reg.atoffice; cp.Bk.N.A. June 1, 1898
5,000,000
1,000
6,000,000
7
M. & 8. Pima. Of., 228 So. 3d 8t. Sept. 1, 1910
1,000
284,000
j . A D.
6
do
and London. Dec. 1, 1897
1,000
10,400,000 4*2 & 6 J. & D. R eg.at offlcejcp.Bk.N.A. Dee. 1, 1923
1,000
12,350,000 4 is & 6 J. & D. Pima., Of.,228 So. 3d St. Irredeem able.
1,000
5,000,000
5 g. M. & IN.
Philadelitiiia.
M ay 1, 1997
1,000
2,000,000
4 g. M. & 8. Phil., Leh. Val. Of.&N .Y. Sept. 1, 1945
1,000
15,000,000
4ieg. j . & j . N.Y.,Mereh.N. Bk.&Ph. July 1, 1940
1,000
10,000,000
do
do
5 g. A. & o .
Oct. 1, 1941
1,000
6,000,000
5
M. & N. Phila., Of., 228 So. 3d St. M ay 1, 1920
dhjg. M. & N. See Off., 228 So. 3d St. N ov. 1, 1935
500 &e.
51,000
1,000
1,177,000
5 g. J. & .J.
do
do
Jan. 1, 1932
1,000
211,000
5 g. M. & N. N. Y ., Central Trust Co. Nov. 1, 1942
1,000
1,500,000
7
J . <fc D. Phila., Bk. N. Am erica. June 1, 1906
1,000
8,500,000 4, 4 j2, 5 A. & o . Phila., Lehigh Val. RR. Apr. 1, 1939
do
do
1,000
750,000
6 g. A. & O.
A pr. 1, 1914
1,000
1,250,000
5 g. A. A O.
do
do
Apr. 1, 1914
300,000
do
do
6 g. ■T. & J.
Ju ly 1, 1906
4
100
706,700
F. & A. Phil, office, 228 8.3d St. A ug., ’97, 2%
100
10
F. & A.
903,600
do
do
A ug., ’ 97, 5%
Nothing has been charged to construction or equipment account since
1883, the outlays therefor charged to operating expenses amounting in
1896 to $816,302, and in 1895 to $1,615,954 for new equipment, and
$126,223 in L896, against $36,856 for construction, these items being
exclusive of expenditures forrenewals. Profit and loss surplus Jan. 1,
1897, $11,535,220. Low grades permit large train loads ; average for
1896, 321*6 tons, against 318*5 in 1895.
L a t e s t E a r n i n g s .— Jan. 1 to June 30, 6 months:
6 mos.
Gross.
Net.
Fixed chgs. Dividends. Bal. surp.
1896-7.-.$9,620,849 $3,179,684 $1,680,000 $1,483,995 $15,689
1895-6...10,125,899 3,196,652
1,680,000
1,483,995
32,657
A n n u a l R e p o r t . — Fiscal year ends December 31. Annual meeting
i s held the first Wednesday in May at Cleveland. The annual report
for 1896 was published in V. 64, p. 885.
Traffic—Of the 13,662,419 tons carried in 1896, coal and coke con
tributed 31 per cent, ores 9 p. c., grain 7 p. c.
Years—
1896.
1895.
1894.
1893.
Miles operated.......
1,440
1,440
1,440
1,440
Total gross earnings $20,193,957 $21,016,035 $19,557,870 $23,685,932
Oper. exp. & taxes. 13,726,155 14,568,219 13,186,067 17,123,913
RR. (leased) has outstanding on its 4 miles of road $500,000 of first
mort. 50-year 5s (F. & A.) due 1939.
H i s t o r y .— A reorganization July 1, 1895, of the Pennsylvania
Poughkeepsie & Boston, sold in foreclosure Dec. 14,1894.
S t o c k a n d B o n d s .— Capital stock is $1,500,000, par $50. Mortgage
is for $1,000,000 gold 5 p. c. 50-year bonds, of which $375,000 repre
sent purchase price and balance for improvements and extensions.
—(V. 61, p. 112; V. 62, p. 134.)
L eliigli V a lley R R . - ^ e e Map)—Main line, Jersey City, N. J., op
posite N. Y. City, to Buffalo, N. Y., 444 miles; branches to Audenried,
Tomhicken, Hazleton, &c., 713 miles ; Lehigh & New York RR., 115
miles; State Line & Sullivan Railroad, 24 miles; total main line, 1,296
miles; branches, etc., 859 miles. Total system 2,155 miles; second
track, 539 miles. Trackage: Penn. R R ., 13*6 miles; N. Y. Central, 51*3
miles; sundry trackage, 29 miles.
H i s t o r y , E t c . —Opened a through line of its own from N e w York to
Buffalo Sept. 1,1892. Lease to Reading ended Aug. 8,1893. In March,
1897, arranged with J. P. Morgan & Co. of N. Y. for a general readjust
ment of finances, including the holding of voting power for a large
block of the stock.—See V. 64, p. 517, 754.
C o a l P r o p e r t y .— The Lehigh Valley RR. Co. owns 3,619 acres o
Net earnings....
$6,467,802 $6,447,816 $6,371,803 $6,562,019 coal
lands and all the ($650,000) stock of the Lehigh Valley Coal Co.
Net, incl. otk.inc’me $6,822,614 $6,860,794 $6,781,158 $7,021,151 which
in December, 1893, owned anthracite coal and surface lands:
Rentals paid...........
629,119
644,759
606,922
597,395
Total acres. Goal acres.
EsVd. yield.
Interest on debt....
3,117,745 3,134,370 3,151,947 3,173,762
15,217
7,242
124,000,000
Owned
in fee....................
Divid’s on guar. s’k.
53,350
53,350
53,350
53,350
5,741
111,000,000
Dividends............... (6)2,967,990(6)2,967,990 (6)2,967,990 (6)2,967,990 Perpetually leased...................... 8,123
Term leases................................. 1,708
1,708
47,00o,000
4,519
50,000,000
Surplus over divs.
$54,410
$60,325
$949
$228,654 Controls through stock owned.. 9,229
Collieries 54, daily capacity about 30,000 tons. (V. 62, p. 364.) The
President, S. R. Callaway, Cleveland, Ohio.—V. 65, p. 27, 327, 367.
Hazelton Coal Co. (chartered in 1896) stock is owned and its $ 2 / 00,L a k e S liore S y s te m .-lT Ia lio iiiiig C o al R R . —Owns from
first mortgage 5s also owned are guaranteed—see V. 64, p. l: 7
Youngstown to Andover, O., and branch, 50 miles. Leased in per 000
The Coal Co. in 1895-96 shipped from collieries owned 2,819,/57
petuity for 40 per cent of gross earnings to Lake Shore, which Jan. 1, tons,
against 2,619,960 tons in 1894-5. and 2,061,115 tons in 18: 3-94
1896, owned $865,900 common and $399,500 preferred stock.
D i v i d e n d s .—
) ’86. ’87. ’88. ’89. ’90. ’91. ’ 92 ’93. i one’
D iv id e n d s .— > 1889. ’ 90. ’91. ’92. ’93. ’94. ’95 to A u g .,’ 97.
4 4*2 5
5 5
5
5 ^ 4 s do?.’
On common. >4*2% 5
4*2 8^
8
8 10 (Feb.7%,Aug. 3%) Since’85. P. ct. 5
B o n d s .— The consolidated mort. of 1873 (trustee, Fidelity In u r a n c e
The preferred stock certificates are 5 p. c. guaranteed and contain Trust
&
S.
D.
Co.
of
Phil.)
is
for
$40,000,000,
of
which
$12,000.LUO a r e
a clause making them redeemable at par at option of company.
to retire $11,000,000 prior liens when due. The “ coupon
For 1896, rental, $268,396; surplus over int. and 10 p. c. on com. and reserved
and
registered”
bonds
are
not
subject
to
call,
but
prior to Rov.
5 p.c. on pref., $8,962. In 1895 rental $285,743. (V. 64, p. 8 8 5.)
13,1893, were convertible at option of holders into bonds of the third
L a n c a s te r & C h e ste r R y .—Narroio Gauge—A 3-foot gauge road series, these last being annuity bonds and irredeemable, never falling
from Chester to Lancaster, S. C., 29 miles. A reorganization in Aug , due except in case of default. All these issues are equally secured.
1896, of the Cheraw & Chester RR., sold in foreclosure in June, 1896.
The $15,000,000 mortgage and collateral trust j s of 1897 were au
Capital stock is $50,000; par, $50. First mortgage $25,000 7s due thorized to provide for floating debt and for future improvements,
Jan. 1,1917; int. J.& J., coupon bonds $500 each, all issued. General $7,000,000 (which may bear a lower rate of interest than 5 per cent)
Manager, W. H. Hardin, Chester, S. C.—V. 63, p. 458.
being reserved for improvements or acquisition of stocks or bonds of
L e a v e n w o r t h T e r m in a l R a i l w a y «fc B r id g e .—Owns high other companies at $1,000,000 a year after 1900. The mortgage
way and railroad bridge (opened Jan. 1, 1894), 1,110 feet long, over covers 79i*69 miles of single track, including branches and sidings,
Missouri River at Leavenworth, Kan., and valuable terminal property real estate in Philadelphia, and also stocks and. bonds of various com
in that city. The mortgage contains a sinking fund provision. Kan panies. Lehigh Valley bonds with lien prior to these bonds maybe
sas City St. Joseph & C. B. (Chicago B. & Q.) and Chicago R. I. & P. extended or new prior lien bonds issued, but not to increase the aggre
use the bridge at au annual rental of $18,000 each, under a 30-year gate principal sum or rate of interest of such bonds except as provided
contract from 1894, and Chicago Gt. Western from Sept. 1,1895, for 30 in the consolidated mortgage. The bonds are subject to call at
p. c.—see “ General Finances ” below.
years; rental $17,500. Capital stock, $600,000. (V. 61, p. 556.)
G u a r a n t i e s .— Easton d■ Vo rthern RR .—Road from Belfast to Easton*
L e a v e n w o r th T o p e k a & S o u th W e s t e r n R y .—Owns from
Leavenworth to Meriden Junction, in Kansas, 47miles. Union Pacific Pa.. 8 miles; branch to Lehigh Valley RR. at South Faston, 4 miles;
ceased operating this road in March, 1894, but road has been in con Leased for 5 years from Aug. 1, 1893, to Bangor & Portland R y .
tinuous operation. C. T. McLella# appointed receiver April 20,1894. Capital stock is $300,000. Lehigh Val. guarantees bonds. (V. 62, p.135.)
Bill of foreclosure tiled in April, 1894. Stock, $1,380,000. Coupons
Elmira Cortland d Northern RR .—This road, with the Canastota
due Jan. 1, 1894, not paid. Accounts payable $1,046,350 Jan. 1,1894. Northern, runs from Elmira to Canastota and Camden, N. Y., 14o
In 1895-6 gross $43,741; deficit from operating $4,216.—V. 62, p. 186.
miles. The stock, $2,000,000, is owned—V. 62, p. 364, 1177.
L eh ig h «fc H u d s o n R iv e r R y .—Owns from Greycourt, on Erie
Lehigh Valley Railway Go. o f New York .—Owns road from Buffalo,
RR , toBelvidere, N. J., on the Pennsylvania RR., 63 miles, Proprietary N. Y., to near Sayre, Penn., 17d miles double track, and branches to
lines: Orange County RR. (entire stock owned—no bonds issued), Hud Ithaca, Auburn, Cayuga, etc., I l l miles; total, 283 miles. Stock all
son Junction to Maybrook.N.Y., on P. R. & S. E. (Poughkeepsie Bridge, owned by Lehigh Val. RR. Mortgage abstract in V. 51, p. J14. (V. 65,
13 miles; S. E. & P. RR., Phillipsburg to Easton, 1 mile; trackage, p. 412.)
Penn. RR., Bely dere to Phillipsburg, 13 miles; total oper., 90 miles.
LehighValley Terminal Railway. -Owns double-track road from South
G e n e r a l F i n a n c e s .— 8tock, $1,340,000; par, $100. Warwick V a l
Plainfield, N. J., to Jersey City, with about 125 acres at Jersey City and a
l e y 1st mort. covers 1 5 miles o f road, and bonds mature October 1 ,
large
water front there, etc.; its stock of $10,000,000 Is owned by Le1900; 2d mortgage covers 22 miles and bonds mature April 1, 1912,
Loans and bills payable June 30, 1897, $420,500; car trusts, $65,430. Valley RR. (V. 53, p. 640, 880.) Car trusts $1,000,000.
Middlesex
Valley.—Road from Naples to Geneva, N. Y., 29 miles.
June 30, 1897, $584,000 general 5s were outstanding and an ad
Bonds due 1942, guaranteed, principal and interest (endorsed).—V.
ditional issue of $500,000 was authorized for floating debt, etc.
62,
p.
134.
A n n u a l R e p o r t . — Fiscal year ends June 30. Report for 1896-97
Morris Canal. — Leased for 999 years and dividends guaranteed
was in V. 65, p. 325.
Bonds all owned Ab Lehigh Valley. Water supplies city of Newark with
Year.
Gross.
Net.
Orange Go. Net. Charges. Bal.,Sur. water.
See V. 50, p. 137.
1896-7.......$327,076
$144,692
$53
$142,551
$2,194
Pennsylvania d New York Canal d Railroad.—Leased for 99 y e a r s
1895-6...... 370,972
155,-151
4,198
148,729
10,620
from
December
1,1888, to Lehigh Valley, which has assumed its d e b t
1894-5...... 392,911
149,029
4,189
140,335
12,883
a n d owns all its stock. Consol, mortgage bonds of 1888 are reserved to
Grinnell Burt, President, 80 Broadway, N. Y. City.—V. 65, p. 325.
take up prior bonds when due. The consols include $4,000,000 of 5
L e h ig h dc N e w E n g la n d R R . —Operates road from Slatington per cents, $3,000,000 of 4s, $1,500,000 of 41q8.—V. 62, p. 950.
Pa., to Campbell Hall, N. Y., 96 miles, of which three sections, aggre
Lehigh d New York.—N. Y. State Line near East Waverly to Fairgating 44 miles, belong to other companies, leaving 52 miles owned liaven, on Lake Ontario, 115 miles.—V. 61, p. 558, 750; V. 62, p. 134.
N. Y. Susq. & W. operates New Jersey Division (Campbell Hall to
Rochester Southern R R —Rochester to Hemlock Lake, N. Y., 30*16
Hainesburg, 61 miles), and Lehigh Valley RR. operates Pennsylvania miles. Controlled through ownership of stock. Capital stock is $800,Division (Hainesburg to Slatington, 35 miles.) Campbell Connecting 000 (par $100); funded debt $425,000.
.. J
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INVESTORS’
78
SUPPLEMENT.
[V ol . LX V ,
S u b scrib e rs w i l l c o n fe r a g r e a t f a v o r by g i v in g Im m e d ia te n o tice o f a n y e rr o r d isco v e re d in th ese T a b le s .
B o n d s — Prinol
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or
pal,When Due.
A m ount % Rate per
Par
of
of
Wlien Where Payable, and by S t o c k s —Last
F or explanation o f colum n headings, &c., see notes
Outstanding
Road. Bonds Value.
Cent. Payable
on first page o f tables.
Whom.
Dividend.
- ( C o n .)—Snow Shoe, 1st M., not guar.r
L. V.Coal Co. 1st M.$12,000,000,g.s.f. ,not drn.chvr
L. V., gold, oar trusts, $50,000 duo each F.&A.c*
Car trusts, $500,000, due $50,000 annually.........
L e x i n g t o n <£•E a s t e r n —is t M., $1,000,000, gold, c*
General m ort., gold; incom es to Feb. 1 ,1 900
r
L e h . V a lle y
....
__
__
92
52 1886
....
....
2 1864-8
84 18S2
84 1892
133 1887
....
28
1st m ortgage ($10,000 per mile) g o ld ................. c*
L i t t l e M i a m i — St’k,eom .,gu.8 p.c.,99 yrs.,P.C.&St.L.
Street con. 2d mort. (now 1st.)...............................c
Renewal m ortgage.................................................... c.
Betterment bonds ($3,000,000) convertible.........
L i t t l e R o c k dr M e m p h i s — F i r s t m ortgage, g o ld .........c
L i t t l e S c h u y l k i l l Xav. R R . & C o a l —Stock...................
lsiTinort., m ainline, L.I. City to Greenport,&c.c*
2d m ortgage...............................................................c '
Consol, m ortgage, gold, $5,000,000........................
General mortgage, g o ld .......................................... o *
M etropolitan Ferry Co. 1st M., gold, red. at llO .c*
L. I. RR. mort. on ferry for $2,750,000, g o ld ...c A
M ortgage bonds o f 1932 for $500,000, g o ld .........
Debenture ($1,500,000) gold, not subject to call..
New York <fe Flushing 1st m ortgage, assum ed—
B rooklyn & M ontauk 1st M., $250,000 are 6s...c*
2d M., g., assurn., Bush. Sta. to Eastp. & b rs.c
Long Island City Flushing 1st M,. assu m ed..c'
Consol, m ortgage gold, assum ed...................... c '
New Y ork & R ockaw ay 1st m ort., int. only guar..
Smith. & Pt. Jefferson, 1st mortgage, not g u a r...
L.I.R R . North Sh.Br.consol.M .$l,500,000,guar.c*
N. Y. B ay Ext. RR. 1st M. gold, gu. p. & i., end..c
Montauk Ext. RR. 1st M., gu.p.& i., $600,000,g.c*
$500
1893 l,000& c
1,000
1896
1.000
1896
1,000
1895
1895 1,000A c
1868
1878
1881
1888
1887
1892
1892
__ 1894
2 1880
76 1881
76 1888
12 1881
19 1887.
9 1871
18 $ 1871
30 1 1892
6 1893
21 1895
118
155
156
163
....
___
18
i
]
1,000
50
1,000
1,000
1,000
1,000
50
50
500
100 &o
1,000
1,000
500 &C
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500
500
1,000
1,000
1,000
Lehigh Valley Coal Co.—See “ Coal P rop erty ” above.
G e n e r a l F in a n c e s .— In March, 1897, $8,000,000 m ortgage and col*
lateral m is t gold 5s were authorized (Issue to be increased to $15,000,000 after Jan. 1,1 900 ); $5,000,000 o f these were sold to J. P. M o rg a n *
Co. to provide at once for floating debt, new construction and working
capital, and $3,000,000 m ay be so used during the n ext tw o or three
years and $1,000,000 a year for seven years after 1900.—V. 64, p. 754.
On Nov. 30, 1896, bills payable were $2,453,000; interest due Dec.
1, $8 40,0 78; unadjusted taxes and pay ohecks, etc., $632,052; Cash and cash assets, $1,656,221; open accounts, etc., $1,871 ,463. A d va u ccs to L. V. Coal Co. am ounted Nov. 30, 1896, to $5,166,890. R eal estate m ortgages aggregate $347,852. F or guaranteed
securities that are not outstanding see V. 64, p. 137.
In Ju ly, 1897, E. P. W ilbur resigned as President and Alfred W alter
was elected; at, the same time C. H. Coster, N. Y., and E. T. Stotesbury,
Phila., entered tlie directory. Mr. W ilbur remains as director.
C a r T « d st s .— In N ovem ber, 1894, contracted fo r 2,000 new coal care,
o f 60,c00 pounds capacit. each, to be owned by the L. Y. Terminal Ry.,
whose car trusts for $1,000,000 were issued therefor, and are owned by
the Lehigh Valley RR. F or 2,000 box cars o f 60.000 pounds, in 1896
w ere issued $1,000,000 car trusts, m aturing $50,000 each Feb. l a n d
A ugust 1 to Feb. 1 ,1 9 0 6 , in clu sive; m ortgage trustee, G irard L ife
Ins) Annuity & Tr. o f Phila. The $500,000, series o f 1896, co v e r 1,000
coal cars and a number o f stock and com bination cars.—Y. 62, p. 1087.
E arnings .—D ec. 1 to A u g , 31 (9 m onths), 1897, com pare w ith 1896:
R ailroad Co..............................Gross, dec.. $320,853; net, inc., $220,371
L. V. Coal Co........................ Gross, dec.,
78,594; net, ino., 284,350
A n n u a l R e p o r t .— The fiscal year ends N ovem ber 3 0 . The report for
1896.
$8,623,574
7,472,104
2,556,536
862,446
1895.
$8,470,859
6,849,062
2,316,540
927,993
1894.
$8,391,542
5,982,858
2,104,677
851,517
Total gross.................. $19,514,660
Op* exps.,incl. re n ta ls... . 14,583,658
$18,564,454
14,028,453
$17,330,594
13,320,829
$4,931,002
676,159
$4,536,001
898,346
$4,009,765
841,492
Total net Incom e----- . $5,607,161
South’n Cen, proport’n ..
4,484,033
Interest on debt ............
673,366
Gen'l exp., incl. ta x e s...
$5,434,347
5,709
4,294,380
491,416
$4,851,257
21,748
4,273,740
428,699
Year ending N o v . 3 0 Earnings from coal........ .
M iscellaneous freight—
Passengers........................ .
Mail, express, etc............
Net earnings.............. .
Inc.from invest.,& c. net.
$642,842
$449,762
$127,070
Balance, surplus_____ _
$590,650
$596,625
Int. on Coal Co. b o n d s ..
(?)
President (July, 1897), A lfred Walter. FInanoe C om m ittee: A lfred
W alter, E. T.atotosbury, C. H. Coster, E. P. W ilbur and Joseph W harton.
—(V. 65, p. 112, 412, 571.)
L e x in g to n <!t E a s te r n K y .—Owns from L exington, K y., to Jack
son, Ky., about 92 miles. A reorganization o f the K entucky Union,
sold in foreclosure in March, 1894. Stock is $500,000; par, $100. M ort
gage trustee, Central Trust Company, New York. General m ortgage is
f o r $2 ,500,000, o f which $1,000,000 reserved to retire the firsts; trus
tee, Continental Trust Co., New Y ork. Interest on generals fo r first 5
years is payable only if earned. Loans and bills payable June 30,
1897, $48,199.
E a r n i n g s . - 8 m o n t h s ( 1 8 9 7 ................. — G r o s s , $ 1 3 8 ,7 0 9 ;
n e t , $ 4 5 ,2 7 4
$500,000
10,382,000
850,000
425,000
1,000,000
1,500.000
125,000
516,000
4,943,100
275,000
1,500,000
714,000
3,250,000
2,487,850
12,000,000
1,121,000
268,703
3,610,000
3,000,000
1,250,000
1,500,000
325,000
1,500,000
125,000
1,000,000
600,000
600.000
650,000
250,000
75,000
1,425,000
200,000
600,000
Philadelphia.
5 g. J. & J.
5
J. & J. N. Y. and Philadelphia.
5 g- F. & A Phil.,Girard L.I.A.&Tr.
Philadelphia.
5 g. F. & A.
5 g- 1. & J. N. Y., J K. Tod & Co.
Text.
5 g- F. & A.
Jan.
Jan.
Feb.,
Aug.,
Jan.
Feb.
g S- J. & J.
Q .-M ./o
8
6
Various
M. & N.
5
7
A. & O.
5 g. M. & 8.
5 g. J. & J.
Jan. 1, 1916
Sept.10 ’97,2%
1898
Nov. 2, 1912
Apr. 1, 1932
Sept. 1. 1937
J’ ly 9 ’ 97,2i2%
7
7
5 g4 g.
5 g.
4 leg.
4 g.
5 g.
6
5 & 6 g.
5 g.
6
5 g.
7
7
5 g.
5 g.
5 g.
Ju ly ,’93, coup, last paid
Cinn.,Office, IstN at.B k.
do
do
N. Y ., Bank o f America.
do
do
In default.
Phila,, Of., 410 Walnut
M. & N. N. Y.,U.S.M ort.& Tr.Co.
F. & A.
do
do
do
do
Q .- J .
J. & D.
do
do
M. & N.
do
do
M. & 8.
do
do
J. & D.
do
do
J. * D.
do
do
M. & S.
do
do
M. & S.
do
do
J. & D.
do
do
M. & N.
do
do
M. & N.
do
do
A. & O.
do
do
M. & S.
do
do
do
do
Q.-J.
J. & J.
do
do
J. & J.
do
do
May
Aug.
July
June
Nov.
Moll.
June
June
Mch.
Mch.
June
M ay
May
Apr.
Sept,
Oct.
Jan.
Jan.
1. 1910
1. 1933
’98-1906
’98-1906
1, 1900
1, 1935
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1,
1.
1,
1,
1,
1,
1898
1918
1931
1938
1937
1922
1932
1934
1920
1911
1938
1911
1937
1901
1901
1932
1943
1945
and also $3,000,000 stock, into w hich the bonds shall he convertible.—
V 64, p. S o j .
L ittle R o c k & M e m p h is R R , —Owns Little R ock, Ark., to Missis
sippi River, opposite Memphis, 133 miles. Of the coupons on.- ,-ept. 1 ,
1892, part only w ere paid. In June, 1893, R u d olf Fink was appointed r e
ceiver. Extension, Little R ock to W istar Ju n ction , I. T., proposed, and
the Memphis L ittle R ock & P acific w as organized for that p urpose.
See V. 64, p. 234. F oreclosure sale p ostp on ed to Dec. 1 1 ,1 8 9 7 .
R e o r g a n i z a t i o n .—Bondholders’
com m ittee consists o f F. P
Oloott, Chairman, 52 W all Street, N. Y .; Augustus D. Juilliard, Jam es
H. Smith, H enry De Coppet and H enry K. Sheldon. Secretary, Jam es
H. Smith, 10 Wall St., N. Y . Depositary, Central 'frost Co., N. Y.
S t o c k , $3,250,000; par, $100. E a r n i n g s .— Y ear ending J u n e 30
1896. gross, $361,093; net, $13,989; other incom e, $6,202; charges
$24,105; balance, deficit, $3,914. In 1894-95, gross, $382,007; net
$46,809; other incom e, $5,766; chges., 16,371. (V. 64, p. 2 3 4,56 7,11 81.
L ittle S c h u y lk ill N a v ig a tio n R R . & C o a l.—Owns from P ort
Clinton to Tamanend, 28 miles; branches, 4 m iles. R e leased on Dec.
I , 1896, to Phila. & R ead. R y. for 999 years, and rental reduced from
7 p. c. on stock to 5 p. c., gold from Jan. 1 ,1 8 9 7 . Lessee pays also all
taxes and $5,000 yearly fo r organization expenses.—see V . 63, p. 1159
L o n g I s la n d R R . —Operates practically all the steam su rfac0
roads on L ong Island, adjoining New Y ork City, the system in c lu d in g :
Owns—
Miles.
Leases— (IT W hich see.) Miles.
Long Island City to Greenport. 95 N ew York & R ockaw ay............
5
Long Island City to Gt. N eck .. 14 N. Y. B ’klyn & Man. Beach IT-. 19
Busbwick to Sag H a rb or.......... 95
Sundry bran ch es........................ 80
Total June 3 0 ,1 8 9 7 .............375
Double tra ck ................................. 108
Total ow n ed........................... 284 S id etra ck s..................................... 120
Leases—
B rooklyn & Jamaioa R R .......... 10
North Shore Branch R R ............ 30
Montauk Ext. & N. Y . B ay E x t. 27
Operates—earnings kepi separate.
N. Y . & R ockaw ay Beach RR.1T 14
Prospect Pk. & Coney Island. 1T 10
O r g a n i z a t i o n .— Improvements - In January, 1897, control o f the
stock was purchased by a syndicate—A ugust B elm ont; W illiam A.
Read, o f V erm ilye & Co.; Brow n Bros. * Co.; Charles D. D ickey,
Jr.; Theodore A . Havem eyer; Strong, Sturgis & Co.: K essler &
Co.; Frederic G. Bourne; G eorge F . Baker, and others. The new m an
agem ent has extensive plans for furnishing rapid transit d irect from
New Y ork City to all points east o f Jam aica (covering the distance
from N ew Y ork to Jam aica in tw enty m inutes) and also fo r a tunnel
from Flatbush A v e., B ’klyn, to N ew Y ork—see V.64, p .8 3 ,2 3 4,75 4,10 01;
V. 65, p. 512.
D i v i d e n d s .— $ 1 8 8 2 . ’ 8 3 t o ’ 9 0 . ’ 9 1 . ’ 9 2 . ’ 9 3
P e rce n t.
t 1
4 y early
4 'e
5
5
B o n d s .— C e n t r a l T r u s t C o . is t r u s t e e o f general
’9 4.
4 >4
’95. ’96.
’9 7 .
4
4 N one
o f 18 8 8 .
mortgage
The ferry mortgage fo r $2,750,000 covers all the real and personal
property pertaining to the com pany’ s ferries (34th Street and Jam es
Slip); $1,250,000 bonds being reserved to retire the Metropolitan Ferry
mortgage. Trustee Central Trust Co. See V. 54, p. 597.
The m ortgage 4 per cents o f 1 8 9 2 are secured by purchase m oney lien.
A s t o debentures see p age 2 o f S u e e l e m e n t of A pril, 1 8 9 5 .
G u a r a n t i e s .— in addition to guaranteed bord s in table ab ove t h e
Long Island guarantees bonds o f the follow in g com panies—w hich see.
New Y ork B rooklyn & Manhattan Beaoh, N ew Y’ ork & R ockaw ay
Beach and P rospect Park & Coney Island.
Jan. 1 to A ug. 31. 1(1896 ............: . Gross, 138,880; net, 43,595
G e n e r a l F i n a n c e s .— On June 30, 1897, m ortgages on real estate’
Y ear ending June 30, 1897, gross, $193,001; oper. expenses and
taxes. $143,001; in erest on 1st 5s, $50,000. In 1895-96, gross, $217,- $291,238; equipment, trust. $2 00,0 00; notes payable, $1,600,000.
A rrangem ents lo r f unding the whole floating debt have been under
231; net, $51,392; interest, $50,000. (Y .5 9 ,p . 697.)
consideration and (August, 1897,) w’e ie e x pected to be shortly carried
L im a N o rth e r n K y .—S e e D e t r o i t & L i m a N o r t h e r n R t .
out. Renewals are with 76 to 80-pound steel rails. A s to change o f con
L itc h fie ld C a r r o llt o n & W e s t e r n R R . —Owns Barnett to Co trol in 1897 and contem plated im provem ents, see organization above.
lum biana. IU., 52 miles. This road was form erly operated by the Chi As to A tlantic A ve. im provem ents and tunnel to New Y ork City see V.
c a g o Peoria & 8t. Louis. Joseph Dickson is n o w re ceiv er—see V. 62, 64, p. 469; V . 65, p. 512.
p .9 4 9 ; V. 61, p. 1064. Stook, $600,000 ; par $100. R eceiver’s ceitiflL a t e s t E a r n i n g s .— Jan. 1 to Sept. 30 (9 months) gross, $3,132,655
cates, $125,000. F or year ending June 3 0 ,1 8 9 6 , gross, $63,546; net, in 1897; $3,079,666 in 1896.
$ 6 ,9 9 1 ; taxes and m iscel., $3,794; balance, $3,196. In 1894-5, gross,
A n n u a l R e p o r t .— Fiscal yearends June 3 0 . Annual m eeting i s held
$59,547 ; def. under operating expenses, $19,328. (V. 62, p. 40, 949.)
the second Tuesday iu April. R eport for 1896-97 was in V. 65, p. 512.
L ittle M ia m i K K . —Owns Cincinnati, O., to Springfield, O., 84 The follow in g figures h ave been com piled from the reports of the New
m iles; branch, Xenia, O., to Dayton, O., 16 m iles; leases, Columbus & Y'ork [state KR. Commission.
X enia R R ., Xenia, O., to Columbus, Ohio, 55 m ile s; D ayton A- Western
Year ending June 30 — 1897.
1896.
1895.
1894.
R R ., Dayton, O., to Indiana State Line, 38 m iles; Ohio State Line to
Richm ond,Ind.,4 in.; Ctn. St. Connecting RR., 2 m.; tot. operated, 199 in. Gross earuings.......... .$3,897,319 $3,062,799 $4,014,019
Operating expenses. . 2,751,9t9
2,541,636
2,593,323
L ease .—On Dec. 1, 1869, leased to Pittsburg Cincinnati & St. Louis,
(now Pittsburg Cincinnati Chicago & St. Louis) for ninety-nine years,
Net earnings........ .$1,145,350 $1,421,163 $1,420,696
renewable forever. The Penn. RR. Co. is a party to the oontraet and Total n et.................... $1,332,510 $1,576,817 $1,583,969 $1,453,348
$1,555,746
' guarantees its faithful execution. Rental is 8 per cent on $4,943,100 Interest on b on ds___ .
658,660
658,411
658,410
589,528
stock and interest on debt. There is $100,000 6 per cent permanent T axes........................... .
210,794
200,973
174,531
172,726
capitalized d e b t; interest J. & J. Lessee’ s report for this road shows Rentals.........................
310,466
271,160
240,088
240,768
net less to lessee: In 1893, $204,871; in 1894, $221,927; in 1895, Interest and discount
50,385
16,389
6,789
33,069
$2 59,044; in 1896, $305,896. Stock authorized, $8,000,000.
D ividends.................... (2)240,000 (4) 480,000 (4) 480,0001(434)570,000
B onds .—In January, 1890, stockholders authorized $3,000,000 7 per ,
cen t bonds (to be issued to the lessee from time to time for betterm en ts),!
B alance............. def,$137,795 def.$50,116 sur.$24,151 def.$50,345
RAILKOAD
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M AP OF THE
LOUISVILLE & NASHVILLE
RAILROAD SYSTEM.
8 0
INVESTORS’
SUPPLEMENT.
LV o l . l x v ,
S u b »c r ib c r » w i l l c o n fe r a g r e a t fa v o r by g i v in g im m e d ia t e n o tic e o f a n y e r r o r d isc o v e re d i n th e se T a b le s .
RAILROADS.
Miles Date
of
For explanation of column headings, &c., see notes of
Road. Bonds
on first page of tables.
44 1891
L o s A n geles Term inal —1st mortgage, $1,500,000..
1883
L a . S o u th ern —Miss, rerai’l B. & L., 1st mort......c
1881
L o u isia n a Western— 1st mortgage, gold.............. o* 112
L o u isv ille B rid g e Co.—Stock......................... ......
1897
L o u is e. E va n . <£ St. L o u is C o n s o l— Receivers’ certs.
72 1881
1st mort. E. R. & E...........................................
1st mortgage, gold..........................................o* 182 1886
2d mort.. with Voting power, gold, unassented.c" 182 1886
22 1887
Hunt. Tell. City & C. RR. 1st M., gold (see text)o*
20 1875
Illinois <feSt. Louis 1st M. (matured - see text)...
7 1880-2
Ven.& Car. 1st Ms., due Dec., 1900 & Apr.1,1902.o*
• L. E. & St. L. consol, mort., gold ($8,000,000)..C' 353 1889
General mortgage for $15,000,000, gold.......... c* 353 1893
2 1890
New Albany Belt & Term. RR. 1st M. end., gold..
L o u is. H . &SI. L . —St’k($2,000,000 is pf.5%non-cum.)
1st M., $2,500,000, gold.................................... 165 1896
.... 1895
L o u is v .it J eff.B r .C o .— $5,000,000,g.gu. p.&i.,end.e*
L o u i s v i l l e «.£* N a s h v i ll e —Stock...........................
Consol. 1st mortgage (now 1st lien)................ c* 419 1868
Memphis &Ohio 1st M., Paris to Mem., g.,guar. .c* 130 1871
83 1872
Mem.Clarks.&L. 1st M.,£,Guthrie to Paris,Tenn.c'
46 1877
Cecilian Br.lstM.,Ceoil.toLouis.,8.f.,dr’nat lOO-c"
E.H.&N.lstM..HendersontoNash.,g,dr’n at llO.o* 151 1879
Louis. & Nash, general M., gold, drawn at 110.c* 802 1880
L. C. & Lex. 2d m. s. f. not dr’n, Louis.to Newp’t.c* 175 1877
General mort. L. C. & L., gold (formerly 6s) .c* 175 1881
i . & Nasli.bds.,S.&N. Ala.RR.,2dm. as col.gold.c* 189 1880
45 1880
Pensacola Division 1st in., gold (dr’n at 105) ..c*
N. O. & Mob. Div. 1st M., N.O.to Mobile, gold.c* 141 1880
2d M., N. O. to Mobile, gold....................... c* 141 1880
Southeast & St. L. Div. 1st Mort., gold...........c* 208 1881
2d M., gold, East St. L. to Evansville &br..c* 208 1881
1st M. (50-year 5s), $15,000 p. m,, gold..........c* 118 1887
B on d s— Princi
INTEREST
Size, or Amount
pal,When Due.
Par Outstanding Rate per When
Stocks— Last
Cent. Payable
Value.
Whom.
Dividend.
5
$....... $1,500,000
j. & j.
July 15,1931
1,000
26,000
7
A. <fc 0.
1903
1,000
2,240,000
6 g. j . & j . N.Y., 8. Pac.Co., 23 B’rd July 1, 1921
.100
1,500,000 See text. F. & A.
Louisville, Ky.
Aug.16,'97,3%
424,500
6
m
1,000
900.000
6
J. & J. July,’96, pd. Dec. 31,’96 June 1, 1921
1,000
2,000,000
6 g. A. & O. Apr.,’95, pd. Sep. 30,’95 Oct. 1, 1926
1,000
670,000
6 g. A. & O. Apr.,’95, pd. Sep. 30,’95 Oct. 1, 1936
1,000
300,000
6 g. A. & O. Apr., ’94, coup, last pd. Oct. 1, 1927
500
200,000
6 (8) J. & D. Dec., ’94, coup, last pd. June 1, 1895
1,000
300,000
6
Various Int. to Apr., 1897, paid. 1900-1902
1,000
3,797,500
5 g. J. & J. July, ’93, coup, last pd. July 1, 1939
1,000
2,400,850
4 g- M. <&S. Sept., ’93, coup, last pd. Mar. 1, 1943
300,000
6 K. J. & D. June,’93,coup. last paid June 1, 1920
100
4,000.000 to be liel d in vot ing trust for ten years. SeeV.62.p.l38
500
2,100,000
5 g. j . & .1. N. Y. Office, 45 Wall St. Jan., 1946
1,000
3,000,000
g. M. & S. N.Y..J.P. Morgan & Oo. Mch. 1, 1945
100 52,800,000
N. Y., 120 Broadway. Aug., 1893
1,000
7,070,000
do
do
A. & 6 .
7
Apr. 1, 1898
$&£
3,500,000
7 g. J. & D. London and New York, June 1, 1901
£200
do
do
1,996,660
F.
&
A.
Aug. 1, 1902
6 g.
$1,000
M. & S. N. Y., 120 Broadway. Mch. 1, 1907
545,000
7
1,000
do
do
2,077,000
J.
&
D.
Dec. 1, 1919
6 g.
1,000 10,322,000
do
June 1, 1930
do
6 g. J. & D.
100 <fec.
A. & O.
do
do
892,000
7
Oct. 1, 1907
1,000
do
do
Nov. 1, 1931
3,258,000
413 g. M. & N.
1,000
do
1,960,000
do
Apr. 1, 1910
6 g. A. & O.
1,000
do
do
580,000
Mch. 1, 1920
6 g. M. & S.
1,000
do
do
5,000,000
Jan. 1, 1930
6 g. j . & j .
1,000
do
1,000,000
do
Jan. 1, 1930
6 g. j . & j .
1,000
do
3,500,000
6 g. M. & S.
Mch. 1, 1921
do
1,000
do
do
3,000,000
Mch. 1, 1980
3 g. M. & 8
1,000
do
do
1,764.000
5 g. M. & N
May 1, 1937
President (elected April, 1897), W. H. Baldwin, Jr. Vice-President,
C. M. Pratt. Secretary and Treasurer, A. C. Bedford. Directors
elected April, 1897: James Timpson, Vice-President of U. S. Mortage & Trust Co.: W. G. Oakman, President of Guaranty Trust Co.;
. G. K. Duer; J. S. Auerbach, of Davies, Stone & Auerbach; F. G.
Bourne, President of Singer Manufacturing Co.; W. H. Baldwin, Jr.;
C. M. Pratt, L. C. Ledyard, F. L. Babbott, Dumont Clarke, President
of American Exchange Nat. Bank; George W. Young, President of
U. S. Mortgage & Trust Co. and August Belmont. (V. 64, p. 42, 83,
180, 234, 373, 469, 517, 754, 953, 1001; V. 65, p. 326, 412, 512.
L o u is ia n a S o u th e r n R R .-N ew Orleans south along the Missis'
sippi River to Shell Beach, 29 miles, with a branch to Belair, 24 miles,.
Successor of the New Orleans & Southern, sold in foreclosure on Oct.
26,1896. See N. O. & So. item, V. 64, p. 83.
L o u is ia n a W e s t e r n R R . — { S e e M a p o f S o u t h e r n P a c i f i c . ) — Owns
from Lafayette, La., to Orange, Tex, 112 miles; branches (2), 35 miles ;
total, 147 miles. Operated under lease by the Southern Pacific Co.,
which owns all but $50,000 of the $3,360,000 stock. The lessee pays
all charges and turns over to this company 7 per cent of the total net
profits under the omnibus lease.
Earnings.— 7 months,( 1897........ Gross, $559,633; net, $230,607
Jan. 1 to July 31. 5 1896........ Gross, 493,683; net, 177,423
In year ending Dec. 31, 1896, gross, $939,701; net, $374,502.
In 1895 gross, $1,092,999 ; net, $512,574; surplus over charges, $361,776; amount of net profit due this company, as per lease, $145,855.
L ouisville Bridge Co.—Owns bridge 5,294 feet long over Ohio
River at Louisville, Ky., and about 2 miles track additional in Louis
ville. Used by several railroads. Penna. RK., Louisv. New Albany &
Chic., etc.), under contracts guaranteeing 8 p. c. dividends and operat
ing expenses. Surplus earnings are paid back to roads using bridge.
S t o c k is $1,500,000, of which Penna. RR. owned Jan. 1, 1897, $901,300. No bonds. Bills payable June 30, 1895, $187,128.
Dividends in 1896, 6^ p. c.; in 1897, February, 4 p. c.; Aug , 3 p. c.
E a r n i n g s .— In year ending June 30, 1896, gross, $322,585; net.
$170,405; other income, $2,700; charges, $21,206; dividends, $120-,
000. In 1894-95, net, $276,185—(V. 60, p. 1105.)
L o u is v ille E v a n s v ille & S t. L o u is C o n s o lid a te d R R . —Oper
ates Louisville, Ky., to East St. L., 111., 275 miles; branches to Evans
ville, Rockport, etc., in Indiana, 93 miles; also owns and operates
Venice & Carondelet, 7 miles; total, 375 miles, of which 352 miles
owned and 16 miles trackage; 359 miles are steel, from 56 to 70 pounds.
Portions main line operated under trackage rights; Louisville to New
Albany, 6 miles; Walnut Hill to Centralia. 71s miles; East St. Louis to
St. Louis, 2Lj miles. The Netv Albany Terminal & Belt RR. was pur
chased in 1897 giving new terminal facilities in New Albany. It is
thought the Belt will be. operated separately. Used Kentucky & Ind.
Bridge and terminals at Louisville (since Sept. 1, 1897.) (V. 64, p. 423.;
R e c e i v e r s h i p . —On Mar. 25,1896, George T. Jarvis was appointed
receiver to act from May 1. (See V. 62, p.589, 726.) Foreclosure of
first and second mortgages began in March, 1896.—(V. 62, p. 502.) In
March, 1897, receiver’s certificates for $324,500 were authorized, of
which $230,000 were to retire old receiver’s certiticates, $40,000 for
100 new cars and $4,500 for interest on Venice & Caron, bonds. Addi
tional certificates for $100,000 authorized in July, 1897, for airbrakes,
etc. (V. 64, p. 1042; V. 65, p. 195.)
C o m m i t t e e s .— C o n s o l i d a t e d B o n d h o l d e r s : Charles S. Fairchild, 44
Wall St., N. Y., Chairman; Wm. L. Bull, James Stillman and W. H.
Payne and Mayer Lehman. Secretary, Osborn W. Bright, 44 Wall St.,
N. Y. In Jan., 1896, $3,347,000 fi*Bt consol. 5s had been deposited.
This committee is to prepare a reorganization plan in 1897. ( V. 62, p.
1177). Depositary, N. Y. Security &Trust Co., 44 Wall Street, N. Y.—
V. 60, p. 522; V. 61, p. 559. F i r s t M o r t g a g e B o n d h o l d e r s : John M.
Graham, John Stites, Alfred D. Foster; depositaries, International
Trust Co., Boston, or Fidelity Trust & Safety Vault Co., Louisville,
Ky.—V. 64, p. 664.
S e c o n d M o r t g a g e . — George W. Norton, J F. Henry and James W.
Bryan; depositaries, International Trust Co., Boston, or Louisville
Trust Co., Louisville, Ky. In April, 1897, more than two-thirds of the
seconds had been deposited. (V. 64, p. 661, 799.)
E v a n s v i l l e R o c l z p o r t <£ E a s t e r n C o m m i t t e e . —Chairman Henry B. Han
son. James R Barret and R. Montfort; depository, Fidelity‘ Trust &
Safety Vault Co., Louisville, Ky. A majority deposited. (V. 65, p. 69.)
C a p i t a l S t o c k .— Common stock issued, $3,790,747; par, $100. (See
V. 56, p. 289, 413.) In January, 1897, $457,162 prefd. outstanding.
B o n d s .— Illinois & St. Louis first 8s for $200,000, due June 1, 1895,
were purchased, but not having been paid interest accrues on them at
6 p. c.—(V. 60, p. 967. Abstract consol, mort. in V. 49, p. 208.
Of the general mort. 4s, in Jan., 1894, $2,076,850 had been issued
in exchange for preferred stock, settlement of E. & T. H. account, etc.,
$577,000 were held as collateral for loans and $695,400 were in hands
of trustees to be issued for preferred stock. In Oct., 1897, N. Y . 8tock
Exchange reported $2,432,000 listed, (See V. 56, p. 289, 413.)
C o u p o n .— See table above as to coupons paid and unpaid. N. Y.
Security & Trust Co. pays interest when ordered.
G e n e r a l F i n a n c e s .— The receivers’ report for 1895 stated that about
$1,250,000 should be expended by the year 1904 to put the road in
5
proper condition, in addition to $250,000 for air brakes and couplers
before Jan. 1, 1898. (V. 62, p. 499.)
Floating debt Dec. 31,1895, $433,212, in addition to receivers’ cer
tificates, and $842,813 unpaid coupons. (V. 62, p. 499.)
E a r n i n g s .— Jan. 1 to Oct. 14 (9x
2months),gross,$1,138,095i n 1 8 9 7 ;
$1,212,300 in 1896. For year 1896, gross, $i;488,800.
A n n u a l R e p o r t . — The receivers’ report for 1895 gave a statement
of the earnings of the different divisions separately—See V. 62, p. 499
For year ending Dec. 31, 1895, earnings of whole road were, gross,
$1,509,746; net, $384,016; taxes, $87,400; interest on floating debt,
$23,342; balance for bond interest, $273,274. In 1894, gross, $1,391,128; net, $235,115. In 1893, gross, $1,666,104.-(V. 65, p. 69, 195.)
L o u is v ille H e n d e r s o n & St. L o u is R y .—R o a d .— Louisville
to Henderson Ky., 142 miles, of which West Point to Louisville, Ky.
21 miles, is trackage; owns also Irvington to Fordsville, Ky., 44 miles
H i s t o r y .— A reorganization June 1,1896 (per plan in V. 62, p. 138)
of the Louisville St. Louis & Texas, sold in foreclosure.
S e c u r i t i e s .— The stock is to be held by John J. McCook, Brayton
Ives and Oscar Fenley, for ten years, in a voting trust, unless earlier
terminated by unanimous vote or trustees. See terms V. 62, p. 135.
Of the new bonds (trustee, State Trust Co., N. Y.), .*5400,000 are re
served to build extension to Louisville. First coupon Jan. 1, 1897.
E a r n i n g s .— 9 m o n t h s ,
) 1 8 9 7 .............. G r o s s , $ 3 6 1 ,4 0 8 ;
n e t , $ 8 4 ,1 3 6
Jan. 1 to Sept. 30.
£1896.........Gross, 346,871; net, 87,408
In year 1896, gross, $453,956; net, $112,818. In 1895, gross
$444,586. The interest charge is $105,000 yearly.
Year ,
C ross
O perating
R ea l N et E x tra ord in a ry R e c 'r s ’
to J u ly 31. E a rn 'g s .
E x p en ses.
E a rn 'g s .
E xp en ses. N et Res'It.
1894-95....$415,506
$294,917
$120,589
$40,872
$79,717
1893-94*... 406,400
298,483
107,917
27,864
80,053
*From date of receivership Aug. 7, 1893, to July 31, 1894.
-(V . 62, p. 138, 233, 277, 589, 683, 869,1040, 1177; V. 63, p. 30, 76.)
L o u is v ille & J e ffe r s o n v ille B r id g e C o .—One-half mile long
and the approaches one mile; opened for all business Jan. 1,1896. The
company also owns about 40 acres of land in Louisville and 100 acres
in Jeffersonville. The Big Four and Chesapeake & Ohio use the
bridge. Capital stock is $1,425,000 ; par, $100.
B o n d s .— The mortgage of 1895 is for $5,000,000 (trustee U . 8 . Trust
Co. of N. Y. and Union Trust Co. of Indianapolis); bonds for $2,000,000
are reserved for future construction, etc.; the bonds are guaranteed by
the Chesapeake & Ohio and Cleveland C. C. & St. L. roads, in whose in
terest the entire stock is owned. See V. 61, p. 559. Any deficiency in
interest is to be met one-third by the former and two-thirds by the latter.
—(V. 60, p. 302; V. 61, p. 27 559 56$ V 62, p. 84.)
L o u is v ille & N a s liv ille R R . — {See M a p .) —R o a d .— Operates main
line from Cincinnati. O., to New Orleans, La., 921 miles, with branches
to St. Louis, Mo., Memphis, Tenn., etc., 2,054 miles, making total sys
tem proper June 30,1897,2,988 miles. The system includes:
L in es
ow ned
absolu tely o r
R eported separately.
M ile s .
thro ugh en tire capital stock. M iles. UNashville Flor. & Sheffield.... 107
Louisville to Nashville......... 185 iiNashville Chatt. <feSt. Louis..904
Sundry other lines...............2,453 ITHenderson Bridge................ 10
L in e s leased, <£c.
ITGeorgia Railroad system......615
ITNashville & Decatur.......... 119 Operated for other co’8.......... 79
ftSouth & North Ala. RR...... 182 Owned but leased to other co’s. 70
Other lines........................... 49 Do. Paducah <fc Mem. Div.......254
Total system proper....... 2,988
(ITSee this company.)
Total of all June 30, ’97.-5,027
O r g a n i z a t i o n , &c.—This company was chartered March 2 , 1850, and
opened between Louisville and Nashville November, 1859. The liabili
ties for interest on the auxiliary roads are treated mostly as belonging
directly to the Louisville & Nashville Co. A list of the securities owned
and in the sinking fund June 30,1896, was in Y. 63, p. 658. Georgia
RR. (see Georgia RR. & Banking Co.) was leased in 1881 jointly to
Central of Georgia and L. & N., but L. & N. claims that the Central
has forfeited its interest in the lease—see Y 64, p. 517.
T erm in a ls.— Jointly with Nashv. Chat. & St. L. leases terminal
property in Nashville (belonging to Louisville & Nashville Terminal
Co.) for 99 years from 1897. (V. 65, p. 278.)
For Henderson Bridge see Miscellaneous Companies.
S t o c k . —In July, 1891, it was voted to increase the stock from $48,000,000 to $55,000,000 for purchase of Kent. Cent. RR., <fcc. Of the new
stock $4,800,000 was taken by stockholders of July 21 at 70, and
July 1, 1895, $2,200,000 was held in the treasury. Further increase
in stock to $60,000,000 authorized in Nov., 1893, but none issued to
June 30, 1897. V. 57, p. 596, 809.
D iv id e n d s
>’81. ’82. ’83-’87. ’88. ’89. ’90. ’91. ’92. ’93. $None
Percent. $ 6
3 None. 5stk. 5stk. 6
5
4 4 (since
In 1890 of the 6 p. 0. paid there was 49io in stock.
B o n d s .— The E va n sv. M en d er. <
£•N ashv. bonds are drawn at 110 by lot
annually in October, for payment Deo. 1; $30,000 a year till 1895, then
increasing each five years until $150,000 per year is finally reached.
The P en sa cola D iv is io n bonds are subject to a drawing sinking fund
$5,000 till 1900, inclusive, then $10,000, and so increasing.
KAILROAD
Oc to ber , 1697, |
STOCKS
ADD RONDS.
81
S u b scrib e rs w i l l c o n fe r i g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th ese T a b le * ,
Bonds—PrmeiINTEREST OS DIVIDENDS.
---------------------- RD i—2 D D :......... .......... ......‘ Miles Date
pal,When Due.
For explanation of column headings, Ae., see notes of
of
Slocks— Last
Par On
Wh,:‘" 'Vhere Payable
-Blue.
D n (SandingKate
tsta u a in g
c en,per Payable
Whom. 'and by Dividend.
on tirst page of tables.
Road. Bonds Value,
LouisciU c A yashriilet—tC o n rl acitd }—
1st inort.. collateral trust t$7,000,000) Bold—
c* ---Onlfled mortgage for #73,000,000. gold— o*ir Text.
St. Lum* property, 1st more., gold, $610,000...o: ---Louisville Ry. Trans, 1st mortgage................... ! ---L.AN.ar,d Mob. A Mont,joint bds., 1st M.,g,.,.o‘ 179
Pens.AAt. 1st M-.gohts.t.dr’n at llOtMsumed.c*. 160
Paducah * Hemp. Div. 1st SI., cold, $5,000,000. 254
K e n tu c k y Central - JtaysvIUe A Lex. KR. myrt...
49
New mortgage i$7,OOO,O00> gold— ............. c ' 2 2 0
So,A No. Ala.,1st M.,s.f., not drill. guar, by L AN. 189
2d M., gold, s.f., $2,000,000. (owned by LAN.) 189
Consol, mortgage (for $10,000,000), g ., guar.c' 189
t o k e n s v . u i e y —‘took. Rental pays 5 per cent ...
21
Macon.<t B in n in g .— 1st mortgage. $500,000. gold.e
97
H as-j/t D u b lin .1 SasannaJt —Stock $1,250,000......
.....
M a i n e C e n tr a l— Stock.................................................
Loan for$3,100,000, Danville June, to Bangor,,e 109
Extension 1st M„ gold. Cumber!. Juno, to l)au..e
18
1st niort, consol., A. B. C. I). ($269,500 5s)— V ) ,
Do
to
do
($2,007,000 Is}. ...e*
Collateral trust bonds for Mt. Desert Branch— e, 41
Hinting fd. 10-20*. gold. Old 6s. ext Feb. l .’9f>..c ....
Improvement iamds.-A" and “ B ." gold, not mort. ---Me. Cent. Eu. A No. Am. refunding mort., gold...
56
Portland A Ogdens, stock (St p.c. rental,998 years) 109
1st mortgage, gold, Interest guar.
..........c; 62
Consol. 31. * 20,000p. m . tguar. by end.)......... o' 107
European A N. Am. stock, 5 p. c. rental 999 years 114
5.129.000
5 g. ML A X. X. Y„ 120 Broadway. Nov. 1, 1931
1888 $1,000
4 g. J. A J.
do
do
1890 l.OOO&Cj 1.994.000
July 1. 1940
5 g. M. & S.'St. Louis, St. L. Tr. Co. Meli. 1, 1916
017.000
1891 1,000
5 ' M. A X. N. Y„ 120 Broadway. May X, 1901
280.000
do
do
4,000,000 4^3 g. M. A 8.1
1895 i ’.doo
Sept. 1, 1945
6 g. F. A A.
do
do
1.829.000
1881 1,000
Aug. 1, 1921
In treasury.
1947
1897
•IS............ '
.............
400,000
7
J. A J. N. Y., 120 Broadway. Jan. 1, 19oe
1876 1.000
6.742,000
4 g. J. A J.
(to
do
1887 1.000
July 1, 1987
1873
£200
£792,600
6 jfe M. A N. London, Baring Co.,L’di May 1, 1903
1880 $1,000 Own. L. AN,
G e . A. A O. N.Y.,Office, 120 B'way.i Apr. 1, 1910
5 g. F. A A. N.Y., Office, ISO B'way. Aug. 1. 1936
1886 1.000 ' $3,858,000
20
600,000 5 in 1897 Q . - J . N. Y., Office, 13 Win. 8t. Oe.; '97, 1*4%
1,000
a s . J. A J.:Boston, Old Colony Tr. July 1, 1946
1896
(!)
100
0)
4,981,800 6In 1897 Q,—J. Portand, Me., Office. Oct. 1,*97,1*3%
100
750.800
7
J. A J. Best., X.Rev. Die.; Port. July 1, 1898
1868 100 Ac.
496,500
do
do
1870 500 Ac.
6 g. A. A 0.
Oct. 1, 1900
Apr. 1, 1912
do
do
1872 100 Ac. 4,193,500 5 A 7 A. A 0.
Apr. 1, 1912
do
do
1872 100 Ac. 3.532.000 I l l ' s A. A O.
669.000
5
J. A IJ. Boat., Am.L-ATr.; Port June 1, 1923
1893 1,000
1885 1,000
600.000 4>s g, F. A A. Portland Tr. Co., Port. Feb. 1, 1905
450.000 i h g. J. A J. Host.. X.Rev. Bk.; Port. July, 1916-17
1880-7
4 g, J. A J. Boston and Portland, Jan. 1, 1933
1, 000,000
1893 1,000
2
Q.—F. Portland, Me. Cent. Of. Nov., '97, h %
4,381,883
100
500 Ac.
6 g. IJ. A J. Boat., X.Rev.Bk.A Port, July 1, 1900
800.000
5
M. A X. Bo-.. N. Rev. Bk. A Bos. Nov. 1. 1908
1 i I 1.000 1.319.000
5
A. A C. Bangor, Ureas, Office. Oot. 15,'97,2*2
100
2,488,700
110
Lynchburg: A Durham K it.—Merged In Norfolk A Western.
T h e general mortgage b o n d s o f 1 8 8 0 a re su b ject t o ca ll a t
In In
cre a s in g a m ou n ts i-qaal e a ch y e a r ; $ 2 2 0 ,0 0 0 In a ll la 1 89 4 -9 5.
Wacom A B irm ingham B y.—Owns Sofkoe Jmicttmi to La
In J u n e , 1890, th e " untried" mortgage (tru stee, C en tra l T r u s t C om
p a n y) fo r $ 7 5 ,0 0 0 ,0 0 0 was autfcorU ed. $ 1 1 ,9 1 7 ,0 0 0 b on d * b e in g re Orange, Oa.. 97 miles. A reorganteutiou of Staoon A Birmingham
s e rv e d t o retire all p rio r lien* (n on e o f the p rio r Hen* c
b e e x te n d e d ), KaU road sold in foreclosure Dee. 27, l $95. to Edwards A Parsons of
th e b a la n c e fo r Im p rovem en ts, e x te n s io n * (at th e ra te o f $ 3 2 ,0 0 0 per Boston, Mass. This Arm also hold* 7,160 shares of the stock of the
m R e . in clu d in g e n a lp roen t), a n d f o r o th e r purpose*. T h e m o rtg a g e eov- j Georgia Southern A Florida, which see.
or* (beside* 1 ,080 m ile* o f road .m l Its w tuipm euti $ 2 2 ,7 0 8 ,1 0 0 stock
8r<eiK an d B o n u s . —Cap ita l s to ck is * 5 0 0 ,0 0 0 . F irs t m o rtg a g e lo
o f cotn p a n le* co n tr o lle d , and $ ,
bond * fr e e from an? Hen. S ee j f o r $ 5 0 0 ,0 0 0 : tru s te e is O ld C o lo n y T ru st C o., B o sto n . T h e m ile a g e
a b s t r a c t o r m o rtg a g e In V. 5 1 , p , 613 . U ntiled b o n d * fo r $ 9 ,2 8 9 ,0 0 0 s t o b e c o v e r e d w ilt b e a b o u t 2 2 0 m iles, o f w h ich 9 7 m ile s w e re In o p e r
w e r e get fre e w h en th e 10-40* w e r e p a id o ff o n F e b . 1, 1 89 6 . O n J u n e a tio n In J u ly , 181)0.
3 0 ,1 8 9 6 , c o m p a n y r e p o rte d $ 3 0 ,$ 7 4 ,0 0 0 out s te a d in g . o f w h ich $ 5 .BaRKCNC*.—$ months, >1897................ Gross, #9,310; def. $8,232
6 8 0 ,0 0 0 w ere h e ld to the trea su ry . T o ta l lU tod o n X . Y. S tock E x
J u ly I t o A ug. 3 1 .
) 1 8 9 6 ....................G ross, 8 ,6 6 3 ; d o f. 1,052
ch a n g e $ 1 4 ,9 9 4 ,0 0 0 In O c to b e r , 1897.
In y e a r 1 8 9 6 -9 7 g r o s s , $ 6 1 ,9 7 0 : d e ficit u n d e r o p e ra tin g , $ 2 1 ,0 8 7 . In
Louim lU Cincinnati A Lexington g e n e ra l m o r tg a g e b o n d * f o r $ 3 ,1395-96,
giro*.
*05,091;
deficit under operating expenses, $3,040.
3 5 0 ,0 0 0 , d a * N ov. l , 1931 {fo r m e r ly h e ld In th e tre a su ry o f L A N .) ,
, p. 1040.1
w ith Interest re d u c e d fr *m 0 p . « . t o •»*« p. e., b e g in n in g N ov. 1, 1 8 9 6 , —t v .
w e r e so ld In N ov e m b e r, 1 89 6 , a n d * 2 ,8 5 0 .0 0 0 at p ro ce e d * mted t o re
vfaeon Dublin A HavannaU K it.—Own* road completed from
tire the L n A L. first* 7 * d u e J a n . I, 1897; b a la n c e b ald In L. A N , M acon t o D u b lin , 54 m ile s ; p r o je c te d to - iv a u n a h , 91* m iles a d d itio n a l,
tre a su ry . O rigin a l Inane o f L. C. A L gen era l* a n th o rtre d w a » $7,- owned be rh. :
. . Georgia Imprev-omciil Company of C h ica g o . V.
0 0 0 ,0 0 0 , b u t l i m e n o w lim ite d to # 3 .2 3 8 ,0 0 0 . V. 6 3 ,p . 1 01 0 .
U .!u. 1 -9 7 . TOSS. # 0 1,273; n ot,
I
!
> ,>•; , - v . •. *5*1,07!*; n et, $ 1 1 ,5 2 2 ; m is ce lla n e o u s e xT h e Mobile * Montgomery-Louiseill* d yashtiUe joint mortgage
1* fo r $ 3 ,0 0 0 ,0 0 0 (t r u s te e .C e n tr a l Pru*t C o ., N ew Y o r k ). A tlr*t lien p e n s o », > 1,5 52 ; b a la n ce , su rp lu s f o r y e a r, # 9 ,9 7 0 . Btoeft, $ 1 ,2 5 0 ,0 0 0 ;
o n th e 1 78 % m iles o f m ain U w , M ob ile t o M o n tg o m e r y ; $ 1 ,0 0 0 ,0 0 0 p a r, # 1 0 0 . - ( V . 6 0 , p . 1058.)
r e s e r v e d f o r im p rov em en t*. V , 6 1 , p . 1 9 6 ,7 5 0 ,
M a c o n A Northern K y . — Absorbed In I 8 9 5 b y C e n tra l o f (in . B y.
A * to Kentucky Central m o rtg a g e (M e tro p o lita n T ru st C o. o f N ew
Maine Central l i lt ,—l .l n e o f roa d , P o rtla n d to V a n eelm ro, Me., v ia
Y o r k , tru s te e ), s e e a b s tr a c t V . 4 3, p. 3 7 2 . C o v in g to n A L e x in g t o n
first* fo r $ 2 1 9 ,0 0 0 , due J u n e 1 ,1 8 9 5 , w e r e p a id .—V. 6 0, p. 1058.
A u gu sta . 251 m ile s ; branehea, C u m b erla n d J u n c tio n t o B kow h ega n ,
91
m ile s ; Bath to L ew iston an d F a rm in gto n , 7 6 m ile s ; b ra n ch e s —
Pemaeoia <t Atlantic, Bret m o rtg a g e b on d * (assum ed ) a re g ra d u a lly
b e in g ca lle d fo r th e sin k in g fu n d a t 1 1 0 : o n 4 u n e 3 0 , 1 8 9 0 , $9*15.600 B etfaai, D e x te r . B n o k s p o rt a n d Mt. D e s e rt F e rry (7 «* m iles), 133 m iles;
P
o
rtla
n d A O gd eu sbu rg R K „ P ortlantl. M e., to L iitu m berg, 109 m ile s ;
w e r e h e ld to th e trea su ry o f th e L. A N., m a k in g t o t a l issu ed $ 2 ,8 3 3 ,0 0 0 .
small branches, mile*; U[>i«-r Coo* anil Hereford railways. Lunenberg,
Paducah <t Memphis Division b o n d s c o v e r th e Une fr o m P a d u ca h to N. ft., to l i m e R id ge, Q u e b e c, 103 m iles; B ath t o R o ck la n d (In clu d in g
L e x in g t o n , Ky>. an d M eroph l* to P e r r y v illc , T o o n ., 2 5 1 mile*-, m o r t •team fe r r y .6 -10 m iles,I 43 m ile s ; to ta l, 3 2 2 m ile * . of w h ich 3 4 5 m iles
g a g e I* $ 3 ,0 0 0 ,0 0 0 , o f w h ich $ 3 ,8 0 0 ,0 0 0 held b y L. A N, and balance o w n e d . 420 m iles o p e ra te d u n d er 9 9 9 y e a r lease*, an d n raotlc.a lly
re s e rv e d f o r Im p r o v e m e n t* —s e e V. 6 5 , p . 6 5 2 , 673 .
o w n e d ; 3 3 m iles o p e ra te d tin d e r 5 0 -y e a r lea se* an d 8 m ile* fe r r y lin e s .
St. Louie terminal property b o n d * c o v e r fre ig h t term in a ls.
OROVKi/.iTiox—B lo ck f o r # 2 ,5 1 6 ,0 0 0 I* o w n e d by Boston A Maine.
OCAKAjrruw.— Beside* bond * In table, th e LeiMsv, ft N a*hv. la n c p o n s lD iv id e n d s —
1832.
1333.
1 88 4 t o O o t . 1 8 0 7 .
b le f o r $ 2 ,1 0 0 ,0 0 0 t o a d s an d d ivid en d * o n # 2 .3 0 5 /,8 2 s to c k o f N a sh v ille
P ercen t
(
2
5>a
0 y e a rly
A D e c a tu r (w h ich s e e /: fo r in terest
$ 3 0 0 ,0 0 0
D iv . C um b. A
B
o
k
u
e
,
O
u
a
n
a
ffr
iK
*
.—Connote
o
f
1
8
7
2
a
re
h
e
ld
in
t ru s t t o r e t ir e all
O h io , an d fo r $ 2 ,0 9 6 ,0 0 0 N a sh v ille F loren ce A Sheffield bond*.
u n d e rly in g b o n d s a t m a tu r ity .
O s w x iu t , F t s x s e M .- - O n J n n a 3 0 , 1 89 7 , b ills p a y a b le w e r e # 3 ,0 3 1 ,There were alsoon June 30,1397, #7*1.000 Shore Line *. due 1923;
628.
(n O c to b e r th e c o m p a n y era* in t e n d in g to p ro v id e for ‘ She alto
#130.000 Belfast A Moosehead Lake mortgage bonds, due 1920,
(lu stin g d e b t and the fu n d in g o f the co n so ls d u o A p r il, 1 69 8 ($ 7 ,0 7 0 ,OOo), not guaranteed. Interest and sinking fund paid out of the rental.
b y an u - u e o f s u m e fo rm o f s e cu rity n o t n ow d e c id e d o p e n ** d e fe rrin g Jointly with B. A M. guarantee* $300,000 Port. Union Station bond*.
- a l o o f L . A N, 4* f o r b e tte r p r i c e * T h e c o m p a n y h e ld 8 3 ,8 0 0 ,0 0 0
FLOATHfO inure.—Note* payable, #1,1 $
June 30. 1897. against
b o n d * o n P a d u ca h A M em p h is D iv is io n la tre a s u ry .—V , 8 5 . p . 0 3 3 .
O n J u n e 3 0 , 1897. th ere w a s $ 2 ,2 0 0 ,0 0 0 L. A N. s tock In treasury an d 3924,000 in 1396. The proposed tundliig of the floating debt wim
deferred
pending
improved
business
conditions.
a ls o * 9 ,2 0 8 ,0 0 0 o f “ u n ified fo u r * .” S in ce J u ly 1, 1 8 9 4 , th e " c t m A 3143*1. B a r o n r .—F isca l y e a r e n d s J u n e 3 0 (fo r m e r ly S ept. 301.
s tr a c tlo n a c c o u n t " has b een clo s e d .
In 1 99 7 a n d 1 898 the c o m p a n y w ill h a v e re fu n d e d a t a lo w e r ra te o f A n n u a l m e e tin g 3d W e d n e sd a y in O c to b e r. R e p o r t fo r the g e a r e n d in g
CI.K at October 3 0 ,1 8 9 7 .
In terest a b o u t $ 1 0 ,0 0 0 .0 0 0 o f 7 p e r c o a t b o n d L o u is v ille C in cinnati J a n e 3 0 .1 6 9 7 , w as In C
A lesx. g en era te tor $ 3 ,2 5 8 ,0 0 0 w e r e s o ld in N o v e m b e r, 1 89 6 , in terest
rears ending June 30—
1897.
1 99 6 .
1 89 5 .
r e d u c e d fro m
t o 4 s* p , c - **e a b o v e .
Ora** canting*................. ....$4,909,036
$4,985,318 $4,914,461
U « « E .% *xn « « .—2 m o*. 1 1 9 9 7 t ir o * * ,$ 3 ,8 7 3 ,5 6 0 ; n et, $1,221,0.83 Net earning*. ........................ 1,012,467
1,615.806
1,677,803
I n l y 1 to A u g . 3 1 .
> 1 H 96 .C ross, 3 .2 7 8 ,3 8 8 . uet.
9 6 0 ,5 1 0 Other incom e................ ..
52,147
51,800
52,530
A s x r s t R k i -o r t . -A n n u al m e e tin g t* held m LotttevtUe the first W ed$1,667,720 $1,730,-128
Net iaoome ................... $1,664,614
a e s d a y In O ctob er. R e p o r t f o r 1 8 9 6 -9 7 ,>t len g th In V. 6 5, p. 6 6 4 ,6 7 0 .
Interest...........
#657,059
037,834
662,772
See a lso e d ito r ia l p . 6 4 $ a n d s u p p le m e n ta ry r e p o r t o n p a g e 652.
*; ,*/, IT'*
6 1 9 .5 1 0
o n to
r e a r end. J u n e 3 0.
1897.
1 89 6 .
1895.
1894.
D
iv
id
e
n
d
s
..........................................
3
9
8
,6
3
4
2
9
8
,5
2
4
2 9 8 .5 1 9
A v e ra g e m ile a g e ___
2,981
2 ,0 6 5
2 ,9 5 6
2 ,9 3 6
F reight e a r n in g s ... $ 1 4 ,6 4 1 ,2 0 3 $ 1 4 .3 2 4 ^ 0 6 * 1 3 ,5 3 7 .0 9 9 $ 1 2 ,9 0 1 ,1 1 4
Balance,
surplus...............
$8&M2
$31,832
$122,371
P a ss e n g e rs .................
1.2 9 1,73 5
4 ,6 6 6 ,7 5 1
4 ,3 7 0 ,1 5 4
4,6 0 0.96 1
M ail, e x p r e ss , e t c . .
.4 3 9 ,MW
1 ,3 9 0 .0 5 4
1,368,741
1 ,4 7 2 ,2 6 2 -(V . 63, p. 599, 052; V. 04, p. 234, 1181.)
,
1
»4
1 100,000
02
-.1
6
1
00
80
6
8,000
1111031
6
5
1
71a tie It cater A Augusta U K ,—Road from Darlington to Den
f i r » « - e a rn in g s — $21X37*2,307 # 2 0 ,3 9 0 ,7 1 1 # 1 9 .2 7 5 ,9 9 1 $ T i~ » 7 l,3 3 7
6 ,8 8 3 .5 0 $
6 ,9 9 8 .2 2 1
7 ,1 1 0 ,5 5 2 mark, . C .. 102 miles; Creston to Pregualte, 41 mile*; bran Mies 24
N et earning*. . ........... 6 .3 3 3 ,0 9 0
N et, Itic!, tnvs'te-, A e . 0 ,9 5 0 ,1 5 1
7 ,3 1 9 ,8 7 7 , 7 .3 0 1 ,1 9
7 ,3 8 2 .8 4 0 milc«; total, 107 miles. Part of Atlantic Coast Line.
T a x e s paid ............... .
5 8 9 .5 1.0
5 7 9 ,96 1
5 6 9 ,3 2 6
6 0 0 ,3 5 9
STOCK.—Capital atonic I* authorized at #10,000 per mile of completed
In terest and r e n t ........ 4 ,9 8 1 .9 9 3
4,983,09*5
5 .0 1 4 .7 3 $
5 .0 6 5 .2 7 7 road. Outstanding June 30,1898, $693,200, of which $343,200 owDed
G e o rg ia R R - d e f i c i t ...
2 3 ,4 4 0
3 7 .8 7 0
1 0 8 .2 6 4
2 4 ,7 8 4 by Atlantic Coast Line Co.
. itii-r road* ..
4'.* 975
8 9 ,9 8 9
9 0 ,0 2 4
1 3 9 ,9 3 0
Bogus.—First mortgage 5s are limited to $15,000 per mile and $200.A d V * t o A N . A , e tc ,
1 2 9 ,3 8 7
0 1 ,9 1 0
7 0 4 ,5 5 0
............. 000 tor terminal*, under a joint traffic contract with tile Richmond
s t a k in g fu n d p a y m 't*
1 9 4 .60 3
1 8 6 ,5 4 7
1 7 5 ,0 0 0
.........
Fredericksburg A Potomac, Riohmon t A Petersburg, Petersburg KR..
4
8
8
8o rp . a v e r ch a rg e* — $ 9 7 9 ,1 8 0 * 1 .3 7 7 ,5 0 4
- O r . 66. p. 110, 27$ , 327 . »)48, 6 3 3 , 0 6 4. OTO.)
* 7 0 0 ,5 8 5 * 1 ,5 5 2 ,4 9 0
L o u i s v i l l e N ew - A l b a n y A C h i c a g o U >
R -rorgnnU ed as the
C h ica g o tn d la n a p otls A L o u is v ille to 1 89 7 —w h ich see.
L o u i s v i l l e St. L o u i s A T e x a s K y , — BB LtH flsvILt-e HB3DBR8 0 * A ST. le n t* R y .
L j r k e n s V a l l e y f t I t . A C o a l C o , —O w n s fro m M tlla r sb n rg .P a ., t o
W iifiam stow ti. f a , 2 0 m ile * ; b ra n ch , 1 m ile ; to ta l op e ra te d , 21 m iles.
I t I* a co a l roa d lea sed a n d o p era ted hy th e N orthern C en tra ! K R . s in ce
J u ly, 1 88 0 , and p rev iou sly b y S u m m it B ranch R R . N o w lea se t o N or
th e r n C entral m ad e A p r il 20, 1 890, term in a b le o n 0 0 d a y s ' n o tice b y
e ith e r p a r t y - s e e V, '164, p 3 3 0 . R en tal $ 3 3 ,0 0 0 p e r a n n u m .— V. 8 2 ,
p. 3 0 0 ; V . 0 4, p .
8
330
Norfolk A Carolina, Wilmington A Weldon, Wilm. Col. A Augusta nud
Florence RE., those companies agree to set aside monthly 20 per cent
of gross receipts from traffic with Manchester A Augusta, same to be
used each year to make up any deficit for interest on M. A A. bond;-,
Charleston A Northern division " 14” bonds, #425,000, are guaranteed;
they a r e also endorsed by the Nortli Eastern RR. and the Wilmington
Columbia A Augusta I4U; they cover the 78 milts purchased at fore
closure or the Charleston Sumter A Northern.
The Atlantic Coast Une Co. guarantees #960,000 Manchester A Au
gusta Bruts, principal and interest.
Eaknisos.—For year ending Jtiuo 30, 1800, gross, $183,000; operat
ing expenses and taxes, $171,431; other income, $26,198; bafanoo,
surplus f„r year, $37,776. In year 1891-95, gross, #83,140. (V. 61, p.
1065; V , 6 4 , p, 887.)
82
INVESTORS’
SUPPLEMENT
[VOL. L 3 .V ,
S u b scrib e rs w ill c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
RAILROADS.
For explanation of column headings, &c., see notes
on first page of tables.
M a in e Central —(C on clu d ed .)—
Dexter <&Piscataquis stock 5 p.c. rental 999 years,
1st M., Dexter to Dovei, etc., guar, by end.....
Hereford R’y stock (4 p. c. rental for 999 years)..
1st mortgage, guar. p. & i. (endorsed)..............
Upper Coos RR. stock, 6p. c. rental 999 years.
1st mort., guar. p. &i. (endorsed).....................
Extension M., $21,000 p. m., guar. p. i.(end.).
Knox <fe Lincoln stock, guar., 5j>. o., 999 years...
1st M.Penobscot Shore Line RR. Co., assumed.
K. & L. 2d mortgage (for $400,000) assumed..,
Dexter & Newport, stock, 5 p. c. after Nov. 25,’98.
1st M. (old 6s refund, in 1897).......................
Eastern Maine, stock, 4*$ p. ct.., rental 999 years
M anchester & Augustar—1st M.($960,0<'0guar.),g.c*
Charleston & Northern 1st mort. “ B” guar., gold.
M anches. c£Laic.—Stock,10 p.c.ren’ltill 1937.B.&M.
Real estate bonds (not mort.) int. gu. by B.& M*e
M anhattan Elevated.— Consolidated stock.............
Metropol. El. 1st M., $600,000 p. m., assum’d.g.c*
2d mortgage (assumed)................................ o*
N. Y. El. aeb., secured by consol, mort. of 1890..
Manhattan Elevated consolidated mort., gold..c*
M ason C ity <£Fort Dodge —lstm.$15,000 p. mile, g.
M em phis <£ Charleston —Stock................................
Bonds of 1880, secured by old morts.in trust, gold.
Old 2d mortgage bonds, extended..................... c
Cons. M. of ’77 with 1st lien on 93 m. in Tenn., g.c’
Consol, mortgage of 1877, gold........................ c’
General mortgage, gold.................................c&r
P r o p o s e d S e c u r it if s U n d e r I s e l in P l a n .
lstM.,g. (seetext) 4% 5 yrs.,41e% 5yrs.,then 5%
Income 5 p. C. non-cnmnlative.........................
B on d s—Prinol
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal, When Due.
of
Par Outstanding Rate per When Where Payable, and by Stocks— Last
of
Road. Bonds Value.
Cent. Payable
Whom.
Dividend.
17
17 1889
53 __
53 1890
22
22 1890
33 1890
48
48 1890
48 1891
14
14 1897
18
65 1893
78 1895
22
1892
36
18 1878
18 1879
32 1886
32 1890
92 1886
293
200
293
293
293
1880
1867
1877.
1877
1884
293
1896
1896
....
$100
1,000
100
1,000
100
1,000
1,000
100
1,000
1,000
100
100
1,000
100
1,000
100
s. A $
1,000
1,000
1.000
100, &c.
25
1,000
1,000
1,000
1,000
1,000
$110,000
175.000
800,000
800,000
350,000
350.000
575,000
200,000
1,300,000
356,000
122,000
175.000
5
4
4
4
6
4
4ia
5
4
5
6to 5
4
4*2
A
4 g*
g*
J. & J. Dover, Me.. Office.
J. ct J. Boat. N. Rev. Bk., Port.
M. ct N. Portland, Me. Cent. Of.
M. & N. Boston, Mass. Nat. Bk.
M. ct N. Portland, Me., Office.
M. & N. Bost., N. Rev.Bk.; Port.
M. & N. Portland, Me., Office.
F. <t A. Portl’d,Me.,Me.Cent.Of.
F. A A. Boston, Nat. Revere Bk.
F. & A.
do
do
M. A 8. Dexter, Me., Office.
M. & N. Rockland, Me., Office.
J. & J. Balto., Safe Dep. A Tr.
M ct S.
M. <fc N. Manchester and Boston.
j . & j . Boston, B. A M. RR.
Q.-J. N. Y., 195 Broadway.
J. <fe J. N. Y., Mercantile Tr. Co.
M. A N.
do
do
M. & 8. N. Y.,Mercantile Tr.Co.
A. A O.
do
do
J. <fc J.
In default.
July, ’97, 2 \ % .
July 1, 1929
Nov., ’97, 2%May 1, 1930
Nov., ’97, 3 %
May 1, 1930
May 1, 1930
Ag. 1,’97, 2i2<H
Aug. 1, 1920
Feb. 1, 1921
Sept., 1897
1917
200.000
Nov.,’97,214%
1,108,000
Jan. 1, 1943
425,000
Moll. 1, 1915
1,000,000 10
Nov. 1, ’97, 5%
274,000
4
Jan. 1, 1922
30,000,000 See text.
Oct. 1, ’97, 1%.
10,818,000
July 1, 1908
6g
6
4,000,000
Nov. 1, 1899
1,000,000
5
Mch. 1, 1916
24,065,000
4 g.
Apr. 1, 1990
1.380.000
6 gJuly 1, 1926
5,312,725
2.155.000
See text.
Jan. 1, 1915
7 g- J. A J.
,1. A J.
105,000
7
do
Jan. 1, 1915
1,400,000
do
7 g. J. & J.
Jan. 1, 1915
864,000
do
7 g. J. A J.
Jan. 1, 1915
1,000,000
6 g. J. & J. July, 1892, last paid. Jan. 1, 1924
5,083,200 4 to 5 J. A J. 1st coupon Jan. 1,1897
1996
5,000,000 5 if ea’d
New York, if earned.
............
62, p. 457. Under the lease the Southern Ry. Co. is to pay to the
first mortgage trustee a sum sufficient to pay all interest on the new
first mortgage bonds (which will also cover the lease), and also interest?
on its income bonds (or preferred stock if substituted therefor) to ex
tent of surplus net earnings. Over 98 per cent of the 7s have been de
posited with this committee—see V. 63, p. 310; V. 64, p. 373.
The new securities proposed are shown in table at top of page. Of the
$6,500,000 new firsts $1,416,800 are reserved for future construction
purposes, while $1,500,000 additional, making $8,000,000 in all <,or
bonds secured by another mortgage) for an extension to Chattanooga.
E xch a n ge o f Securities. —Old bonds and old stock will receive:
i------ W ill receive ------ *
H o ld er s of—
N ew fir sts . I n c o m e s *
Tennessee lien bonds, first and second mortgage > $1,200
$400
exten’d 7s for each $1,000 (all coup, attached, j
Consol, mort. 7s do
do
do
do
800
1,200
General mort. 6s do
do
do
uo
1,500
Common stock $100, paying $4 per $25 share...
10
* Or preferred stock if substituted.
F l o a t i n g D e b t . —On June 30,1897, bills payable (E. T. Va. «fe Ga*
loan) were $158,059; balance due receivers, $134,099; interest on
bonded debt due and unpaid amounted to $1,163,135 (interest due
Jan. 1,1895, on all but general mortgage of 1884 having been paid:
car trusts, *81,596.
E a r n i n g s .— 2 mos., >1897..........Gross,
$232,349; net, $46,149
July 1 to Aug. 31. >1896......... Gross, 186,588; net, 26,304
M a n c h e ste r At L a w r e n c e R R . —Owns from Manchester, N. H., to
Methuen (State Line), 22*4 miles. Leased for 50 years from September
1,1887, to Boston & Maine at a rental paying 10 per cent dividends.
In June, 1895, a dividend of 50 p ct. was paid on the capital stock out
of money received from C. & M. suit. (V 62, p. 869.)
M a n h a t ta n R y . ( E le v a te d ) .—RoAD.-Controls and operates all the
elevated railroads in N. Y. City, its main track aggregating 32 miles.
Besides these it owns and operates the Suburban R. T. RR., 3% miles.
H i s t o r y , E t c .— Formed Nov. 24, 1875. In May, 1891, $4,000,000
stock was issued to acquire the Suburban Rapid Transit RR., owning a
bridge across the Harlem River, and a road in operation to near 171st
8t., N. Y., 2*3 miles. V. 52, p. 642.
B o m ) ? ,— C onsolidated m ortgage (trustee, Central Trust Co.) is limited
on present mileage to $40,000,000, and will provide for prior bonds
when due. Amounts beyond $40,000,000 may be issued for extensions
at the rate of $300,000 per mile of single and $600,000 per mile of
double track. (See abstract of mortgage in Y. 51, p. 248, and applica
tion to New York Stock Exchange in V. 52, p. 353.) Of the consols
the company itself in July, 1897, held $300,000 against “ special ac
count” and $50,000 consols to redeem convertible certificates.
G e n e r a l F i n a n c e s . —There are considerable claims pending against
the company for damage to property on the lines, and many of these
are before the courts. See C h r o n i c l e V. 6 2 , p. 4 1 4 . As to personal
property tax assessment in N. Y. City litigation, see V. 64. p. 799.
Refunding of the $8,500,000 N. Y. Elevated 7s reduced the interest
charge $238,000 annually after Jan. 1, 1896.
In Oct., 1896, $810,000 and in Jan., 1897, $282,000 (available for
n u a l R e p o r t .— F i s c a l y e a r e n d s J u n e 3 0 .
R e p o rt o f th e r e c e iv e r s
improvements, etc.) consols were listed, making total on list of $24,- f oAr n1895-96
w a s in V. 63. p. 554:
065,000 in October, 1897.
1896-97.
1895-96.
1894-95.
1893-94.
1892-93.
D iv id e n ds .— >’84. ’85. ’86. ’ 87. ’88. ’89. ’90. ’ 91-96. ’ 97.
Gross...$1,360,602 $1,348,537 $1,202,273 $1,274,818 $1,520,241
Since ’83. P. Ct. > 3 6 6 6
5 See below. 6 yrly. Below. Net...... 335,097
288,281
172,548
203,262
293,709
In 1897, Jan., l^ p . c.: Apr., 1 p. c. (see V. 64, p. 517.); July, 1 p. |e.» -(V . 64, p. 42, 83, 373, 799,1088, 1137, 1225 ; V. 65, p. 620, 777.)
Oct., 1 p. c.
M e r id e n W a t e r b u r y Ac C o n n e c tic u t R i v e r R R . —Cromwell
In 1889 1 in cash and 4*2 in scrip; in 1890, 4*2 cash and 1*2 scrip.
A n n u a l R e p o r t — Annual meeting is Held the second Wednesday in Conn., via Meriden to Waterbury, Conn., 30 miles. Road is not now in
operation, but it has been proposed to operate it by electricity. See
November. Report for j ear ending June 30,1897, was given in V. 65, report
New England RR., V. 63, p. 698.
p. 325. and for >ear ending Sept. 30,1896, in Y. 63, p. 876.
M e x ic a n C en tral R y . L im it e d (M e x ic o ) .— ( See M a p .)— Mileage
Y ea r en d in g J u n e 30—
1897.
1896.
1895.
Main line Mexico City north to Juarez City, 1,224 miles, 407 miles
Gross earnings....................... $9,163,740 $9,256,931 $9,397,570 —
Tampico Division, 12 miles on Guanajuato Branch, 161 miles on
Net over operating exp........... 3,861,389
3,725,973
3,983,605 on
Division, 55 miles on Ameca Ext., 44 miles on Pachuca
Other income.........................
180,276
232,520
287,135 Guadalajara
Division,
extension 6 miles, 40 miles on Laguna Ext. and other
Interest, rentals andtaxes___ 2,707,016
2,840,397
2,748,694 branches 7Bar
miles;
total Deo. 31,1896,1,956 miles. All 56-pound steely
Dividends............................... 1,500,000
1,800,000
1,800,000
O r g a n i z a t i o n . —Incorporated February 25, 1880, under the general
Balance after dividends., .def.$165,351 def.$681,904 def.$277,954 law of Massachusetts, and also holds a charter from the Mexican Gov
Yr.8ep.30. Passengers. Earnings. Yr.Sep.30. Passengers. Earnings* ernment. Debt readjusted in 1889—see V. 48, p. 191, 292, 327.
Su bsid y .—Jan. 1 , 1897, there was left of the subsidy in trust $3,250,1888-89.-.179,497,433 $9,080,881 189293.-219,621,017 $11,137,051
645, to be used whenever necessary for the payment of principal and
1S89-90...185,833,632 9,388,681 189394.-196,159,323 10,138,143
189091. .196,714,199
9,959,710
189495.-188,072,6459,745,927interest of the consolidated mortgage bonds, $300,000 having been so
189192.. .215,122,575 10,908,579
189596.-182,437,2449,352,115used in 1896. Of the $3,000,000 of Mexican Government bonds re
ceivable under Tampico Harbor concession for a depth of 22 feet,
-V. 64, p. 42, S3, 134, 373, 517, 799, 953 ; V. 65, p. 278, 325, 778.)
M a rie tta Ac N o rth G e o r g ia R y .- S e e A t l a n t a K n o x v i l l e & $2,790,000 (in Mexican Government 6 per cent bonds) had been re
ceived in April, 1895, corresponding to a depth of 20 feet, and these
N orthern R y :
were exchanged in 1895 for $2,934,600 of 5 p. c. Government bonds.
M a s o n C ity Ac F t . H o d g e R R . —Ownsroad from Mason City, la.,
o n d s .— Of the priority bonds $1,403,000 were paid off with proceeds
to Lehigh, la., 88 miles, and branch, 4 miles. Stock authorized, $5,- ofBsubsidy
interest ceasing April 10, 1891; the balance,
000,000; outstanding, $920,000; par, $100. In year ending June 30, $5,597,000,collections,
is held as an investment by the trustee of the consoli
1896, gross, $168,327; net, $65,850; charges, $90,800; balance, dated mortgage.
See
V.
52, p. 390. The consol, mort., 4 p. c., (trustee,
deficit, $24,950. In 1894-95, gross, $128,612; net, $23,180. Net cur
Safe Deposit &Trust Co.) covers the entire property,all old firsts
rent liabilities June 30,1896, $842,5162, including unpaid coupons, Boston
deposited,
and
the
subsidy
earned and to be earned. (See abstract of
$828,000. President. M. C. Healion, of St. Paul.
mortgage in C h r o n i c l e , V. 49, n. 177.) Both series of incomes are
M e m p h is Ac C h a rle s to n R R . —R o a d .— Owns from Memphis to non-cumulative and secured by one indenture to the American L. & T.
Stevenson, Ala., 272 miles; brandies to Florence, etc., 20 miles; leases Co. First consol, incomes received 3 per cent interest July 10,1890, and
to Chattanooga, 38 miles; total, 330 miles—largely 5 6 pound steel.
3 per cent in Julv, 1891, and 1892, respectively; none since.
The equipment bonds are secured by a mort. on the equipment pur
R e c e i v e r s h i p , E t c .— The Southern Railway Company owns $2,656,525 or the stock, but right to vote thereon was contested. (V. 50, p. chased and the deposit in trust of $750,000 general 4s. The compai y
703; V. 52, p. 831.) Receivers appointed in 1892, Henry Fink and C. is to pay 5 per cent of the principal of the loan annually and a propor
M. McGhee. Large expenditures for improvements are said to be neces tional amount of fours will be released. V. 64, p. 843.
sary. V. 56, p.882. Application for foreclosure sale under the 7 per
G e n e r a l F i n a n c e s .— In May, 1896, $800,000 consol. 4s were sold
cent consol, mort. is expected to be heard in Nov., 1897. V. 64, p. 799. for improvements. V. 62, p. 949. On Jail. 1, 1897, notes outstanding
C o u p o n P a y m e n t s —Coupons due Jan. 1, 1895, except on general were $1,000,000, the same as in 1895; interest due and accrued, $1,211,mortgage, were paid Oct. 1,1897, at Chase National Bank, New York. 000; accounts payable, $724,438. Notes and accounts receivable Jan.
V. 64, p, 1225.
1, 1897, $621,998; cash on band, $1,274,194. Tampico Harbor Co.
C o m m i t t e e s . —For 7 per cent bonds: Adrian Iselin, Jr., Frederic bonds of 1894 for $3,396,000 (all owned by and in the treasury of the
Mexican
Central) are guaranteed.—(V. 62, p. 869.)
Cromwell, W. Emlen Roosevelt, Edward N. Gibbs. Proceeding with
foreclosure of consol, mortgage preparatory to carrying out the plan E a r n i n g s .— Mexican cur. >1897..Gross, $8,526,385; net, $2,615,370
outlined below. Stay in proceedings obtained by general rntge com Jan. 1 to Aug. 31 (8 mos.) >1896.. Gross, 6,533,024; net, 2,335,734
mittee in April. 1897. V. 64, p. 42, 373, 799.
Statement of earnings and expenses for six months ending June 30,
Com m ittee f o r gen era l m ortgage 6s: Simon Borg, J. Kennedy Tod and 1897, was given in V. 65, p. 328, showing deficit under interest charges
Albert S. Roe; depository, Central Trust Co., N. Y. This committee, of $85,166, against $207,220 deficit in 1896; adding subsidy receipts
•'which represents a large majority of the general mortgage bonds, for six months of 1897, $103,158, leaves surplus of $17,992.
in April, 189/, obtained a stay in the foreclosure proceedings under
A n n u a l R e p o r t — Fiscal year ends Dec. 3 1 . Report for 1 8 9 6 was
the piior lien bonds; case to be heard in Nov., Ie97. V 64 r> 799 given
at length in V . 6 4 , p . 8 3 9 , 8 4 5 ; see also editorial, p. 8 2 7 . The
See plan in V. 62, p. 821, 869.,
’
11
gross earnings below are M exican c u r r e n c y ; all other figures TJ. S.
I s e l i n P l a n .— The plan of the Iselin Committee providing for a icu rren cy. The company received for its Mexican dollars an average of
lease of the road for 99 years to the Southern Railway was given in Y.
V. 15 3 * 1 7 cents in 1 8 9 6 , 5 2 * 9 5 in 1 8 9 5 , 5 1 * 8 7 in 1 8 9 4 , 62 *0 2 .
PSPS
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84
INVESTORS’
RAILROADS.
Miles
For explanation of column headings, &o., see notes of
Road.
on first page of tables.
M e x i c a n C e n tr a l —Stock, $25,600 per mile........
1st mortgage (unassented) and scrip..................
Consol, mortgage, $32,000 per mile, gold— o*<fcr 1.832
1st cons. iuc. and scrip,non-cum.($9,600p.m.),g.c* 1.832
2d cou.inc.$6,400p.m.red.at 50p.c.till Aug. 1929cx 1.832
Registered income bonds and scrip, unassented.r
Equipment bonds, $500,000 (5 p. c. due yearly).
M e x.In d u stria ls R y. —1st M., $1,500,000 p.&i.U.S.g.
M exican In tern a tion a l— 1st M., $30,000 p. m.,g.o*«fer 616
M e x i c a n N a t i o n a l —Stock...................................
1st M., subsidy, gold, subject to call at 100— c* 1.064
2d M.,ser.“ A,” g., inc. accum. (for $16,675,000)c* 1.064
2d M.,ser.“ B,” g., inc. non-ac. (for $16,675,000) .r 1.064
3d mortgage, deb.(income not cumulative) gold.r 1.064
M ex. Nat'l R y . Co., L im ited — A. ctfs., 5% non-cum..
B certificates.....................................................
83
M exican N orth ern —Stock.....................................
83
1st mortgage, U. 8. gold coin, s. f. not called.o*«fcr
M exico C u ernavaca <C P a cific
i s t mortgage, gold, $25,000 per m.....................
M i c h i ( f a n C e n tr a l —Stock...................................
Consol, mort.—now 1st M. ($2,000,000 are 5s). .c*
M. C. Michigan Air Line, 1st mortgage..........c&r
M. C. 1st M. onDet. & Bay City ($4,000,000),...c
do
do
do
...r
M. C. 1st mortgage on Grand River Val. RR— c*
M. C. 1st mortgage on Kalamazoo & S. Haven...r
M. C. 1st mort. on Term. RR., $1,500,000..... c&r
Grand River Valley stock, rental in perpetuity...
Det. & B. City bonds, endorsed, no mort. lien...c
Bridge bonds, endorsed, no mortgage lien.......
Jack.Lans.& Say. stock, 3*2p.c. y’rly,guar.byend.
Cons, mortgage, assumed, extended in 1891. .c*
270
115
152
152
84
39
*84
295
295
SUPPLEMENT,
[V o l . L X V .
B on d s —PrlnoJ
INTEREST OR DIVIDENDS.
Amount Rate per When Where Payable, and by pal,When Due.
Stocks—Last
Outstanding Cent. Payable
Whom.
Dividend.
$47,909,100
555,000
(7) 4 j . & j . Boston, SafeDep. &Tr. Co July 1, 1911
58,910,000
4 g. j . & j .
ilo
do
July 1, 1911
17.283.000
July 10 Boston, when earned. Jan. 10, 1939
l g11.235.000
Jan. 10, 1939
467,200
3
July 1
July 1. 1911
1897
500,000
5
1917
i,o o o
1896
See text.
6 g. J. & J. Boston Safe Deposit. Jan. 1. 19261892
1,000 15.134.000
4 g. M. & S. N. Y., Of., Mills Build’g. Sept. 1, 1942
100 33.350.000
1887
1,000 11,300,000
6 g. J. & D. N. Y., Nat. City Bank. June 1, 1927
1887 500 <fcc. 12,265,000
6 g. M. & S. Paid 1^ p.ct. Apr, l,’96 July 1, 1917
1887 500 &e. 12,265,000
July 1, 1917
6 g. April 1.
See text.
1,000
1887
7,040,000
July 1, 1937
6 g. May 1
1896
£2,016,250 See text.
When earned,
April 6, 1897
1896
£1,567,000
April 1
do
do
100 $3,000,000 4 in 1897 Quar’ly. N. Y., office, 42 Pine St. Sept. 2, ’97,1% .
1,000 See text.
1890
do
do
Dec. 1, 1910
6 g. J. & D.
1893
1,000,000
5 g.
N. Y. Mercantile Trust. Oct. 1,1949
100 18,738,000 4 in 1897 E. & A. N. Y. Gr. Cent. Station. Aug. 2,’97,’2%
’72-"’82 1,000 10,000,000 7 & 5 M. & N. N. Y., Union Trust Co. May 1, 1902
1890 l,000&c
4
2,600,000
j. & j . Rg.atG.C.S.; cp.atU.Tr. Jan. 1, 1940
1,000
1881
M. & S. N. Y., Union Trust Co. Mch. 1, 1931
s
5
1881 1.000&C | 3,576,000 < 5
Q.-M. N. Y., Gr’d Cent. Station. Mch. 1, 1931
’79-’86 1,000
M. & S. N. Y., Union Trust Co. Sept. 1, 1909
1,500,000
6
1889 l.OOO&c
M. & N. N. Y., Gr. Cent. Stat’n. Nov. 1, 1939
700,000
5
1896 l,000&c
500,000
4 g. j . & j . Rg.at G.C.S.;cp.at U.Tr. July 1, 1941
100
491,200
5 J. & J.
Jackson, Mich.
July,’97,212%
1872
1,000
M. <fc N. N. Y., Union Trust Co. May 1, 1902
274,000
8
1873
1,000
M. & N.
150,000
8
do
do
May 1. 1903
100
2,000,000
%
3^2 M. <& S. N. Y„ Gr. Cent. Station. Sep.l,’97,31*2<
7i&80 1,000
2,054,000
M. & 8. N. Y., Union Trust Co. Sept. 1, 1901
5
Date Size, or
of
Par
Bonds Value.
$100
1,000
1881
1,000
1889
1889
1,000
1,000
1889
1,000
1881
M e x ic a n C e n tr a l—Concluded—
INCOME ACCOUNT— (U. S. CURREN CY E X C E P T AS IN D ICATED ).
A n n u a l R e p o r t — Fiscal year ends Dec. 31. Report for 1896, with
the balance sheet, etc., was given in full in V. 61, p. 563, 569; see also
editorial p. 548. Gross below are in M exican c u r r e n c y , all other figures
in TT. S. cu rren cy. Mexican currency is reduced to U. S. currency at 89
p. c., all loss above this being charged off in exchange account
Y e a r en d in g D ec. 31—
1896.
1895.
1894.
1893.
1,860
1,860
1,847
Av’ge miles operated...... 1,869
Gross earn’gs, Mex. cur.$10,208,020 $9,495,866 $8,426,025 $7,981,768
INCOME ACCOUNT— (U. S. C U R R E N C Y E X C E P T GROSS EARNINGS).
Net earns. Mex. cur.......$3,463,747 $3,896,475 $2,966,350 $2,845,588
Y ea r endlg Dec. 31— 1896.
1895.
1894.
1893.
Do do inU.S. cur.... 1,841,515 2,063,157 1,538,693 1,764.823 Miles operated.................. 1,218
1,218
1,218
1,218
Subsidy acc’t in U.S. cur. 300,000
275,000
750,000
500,000 Gross earnings.........$5,299,025 $4,513,206 $4,329,079 $4,224,804
Miscellaneous in U. S. cur. 155,941
186,472
142,460
.......... Net earnings............ $2,020,766 $1,657,126 $1,513,570 $1,296,096
Subsidy receipts........................
..........
99,110
..........
Total net income...... $2,297,456 $2,524,629 $2,431,153 $2,264,823
Interest on bonds............................. 2,320,533 2,306,600 2,306,8882,226,962
Total net income. ,$2,020,766 $1,657,126 $1,612,680 $1,296,096
Miscellaneous..................................
Int. on 1st M. bonds. . $687,755 $693,070
159,934
208,281
188,44916,387
$694,680 $702,136
Exchange............... .
805,120
707,941
718,071
434,242
Balance................... df.183.011 sur.$9,748 df.$64,184 sr.$21,474 Misc., bet’m’ts, etc...
125,269
97,225
74,761
137,156
—(V. 64, p. 465, 827, 839, 843, 845, 888 ; V. 65, p. 328, 463.)
Balance............ sr.$402,622 sr.$158,890 sr.$125,168 sr.$22,568
M e x ic a n I n d u s t r ia l R y s .—Road under construction. Capital —(V. 63, p. 116, 358, 559, 880, 1115; V. 64, p. 517, 548, 5 63, 5 69.)
stock, $400,000; par, $100. Bonds offered in June, 1896, $150,000 to
M e x ic a n N a tio n a l R y . C o. l i m i t e d . —This depositary com
be sold at that time and $350,000 shortly afterward. Boston Safe De pany was formed in 1896 (per p la n in V. 62, p. 1139, see also p. 635 >
posit & Trust Co., trustee. (See V. 62, p. 1177.)
by the “ A ” and “ B ” bondholders of the Mexican National RR. Co. to
M e x ic a n I n t e r n a t io n a l R R . — {See M a p ) —R o a d . — Owns in give them “ more immediate and practical control” over that com
Mexico a standard gauge road from Ciudad Porfirio Diaz, on pany. Its share capital is £24,530 in 10s shares, and is deposited in
Southern Pacific, via Torreon, on Mexican Central, to Durango, 540 trust to give the control of the depositary company to the certificate
miles, with branches, 76 miles; new branch to Tlaliualilo, 43 miles, holders. The certificates were issued in exchange as follows: £250
certificate for a $1,000 “ A ” bond deposited; £200 B certificate for
was opened Sept. 23,1896: total operated, 659 miles. It is proposed A
$1,000 “ B ” bond and £125 A and £100 B certificate for a Matheson
to build 369 miles of branches.—V. 65, p. 151.
certificate. In June, 1897, there had been deposited all but about
S t o c k .— Authorized $25,000,000; issued Jan., 1897, $16,975,000.
$6,000,000 of these securities. The “ A ” bonds have two votes, “ B ”
R e -a r r a n g e m e n t o p B o n d e d
D e b t . — In July, 1897, company certificates one vote each. The income received from the A and B
arranged with bondholders to substitute £1,200,000 sterling 41es, bonds deposited will be applied : (1) To sinking fund an amount not
$4,635,000 1st consol 4s and $4,499,000 incomes for the $15,134,000 exceeding 2 per cent of revenue collected ; (2) to expenses of London
old first 4s, thus reducing fixed interest charges on present mileage- management not over £2,000 yearly; (3) to 5 per cent dividends on
659 miles-from $605,360 to about $448,650. Consol. 4s for $3,690,000 A certificates; (4) to dividends on B certificates. D i v i d e n d s — On “ A ’
are to be issued at $10,000 per mile on 369 miles of proposed branches certificates, in 1897, April, paid £2 7s. 4d. per cent. V. 64, p. 755.
and $800,000 are reserved for betterments, etc. The total issue of Address County Chambers, 13 & 14 Cornliill, London.—Y. 65, p. 516.
consols is limited to $16,000,000. See details in V. 65, p. 151.
M e x ic a n N o r th e r n R y .—Owns from Escalon, Mexico, on the
For description of old firsts (Metropolitan Trust, N. Y., trustee)— Mexican
Central Ry., to Sierra Mojada, 83 miles, all steel.
see V. 57, p. 181.
tock.—Capital stock is $3,000,000; see application for listing on
E a r n i n g s — Mex. cur’cy. 5 1897
Gross, $2,017,559; net, $760,747 N.SY.
Stock
Exchange in full, V. 64, p. 619.
Jan. 1 to Aug. 31 (8 mos.) (1896 — Gross, 1,895,168; net, 665,266
D i v i d e n d s ............. \ 1892.
1893.
1894.
1895 to Sept., 1897.
A n n u a l R e p o r t .—Report for year ending Dec. 31,1896, was given at
Per cent.............. 5 6*2
6*2
6
4 yearly.
length in V. 65. p. 149, 156, showing earnings as follows: Gross on aver
age of 628 miles, $2,912,107 (Mexican currency); net, $1,065,022; in B o n d s .— The mortgage of which the State Trust Co. of New York is
U. S. money, net, including other income, $546,463; interest, etc., trustee, is for $1,660,000, of which $300,000 bonds are held by the
$618,024; balance, deficit, $71,561. In 1895, gross (Mexican currency), sinking fund. See description in V.60, p. 482.
$2,664,126; net, $1,066,771. Pre>iiient, T. H. Hubbard. New York E a r n i n g s — 2 months, 51897.............Gross, $71,612; net, $41,919
office, 23 Broad 8t. (V. 62, p. 85, 663, 680, 687, 909; V. 63, p. 559;
July 1 to Aug. 31. (1896..............Gross, 113,965; net, 58,799
V. 65, p. 149, 151, 156.)
A n n u a l R e p o r t .—Earnings as follows in' U. S. currency:
Mexican National R R . —Owns narrow gauge road from Laredo Y ea r.
Gross.
N et.
Other in c. Charges. D ivid en d s. S u r p lu s .
to City of Mexico, 842 miles; Acambaro to Patzuaro, 96 miles; El ’96-7....$603,671
$329,991 $19,941 $135,439 $120,000 $94,4=93
8alto branch, 45 miles; Matamoras to San Miguel, 76 miles; small ’95-6.... 763,871
421,226 13,873 142,080 120,000 173,019
branches, 5 miles; total owned, 1,064 miles; controls through owner- ’94-5.... 660,644
343,619 7,526 135,284 120,000 95,861
snip of stock, Texas Mexican Railway, Corpus Christi to Laredo, —'V. 63, p. 7 92; V. 64, p. 611, 619; Y. 65, p. 679.
Texas, and branch, 163 miles; other lines, 5 miles; total 1,232 miles.
M e x ic o C u e r n a v a c a & P a c ific R R . —See C h r o n i c l e July
Gauge, 3 feet; rail (steel and iron) 40 and 45 pounds to the yard.
H i s t o r y .— A reorganization of the Mexican National R a ilw a y fore 25,1896.
closed May 23,1887. See also Mex. National Ry. Co., Limited, below.
M ic h ig a n C e n tr a l R R . — (See M a p a d join in g N ew Y ork C en tra l
S u b s i d y .— In March, 1895, holder^of first mortgage [also called prior p a ge.)— L i n e o f R o a d .— Main line—Kensington to Detroit, 270 miles,
lien] bonds accepted the plan for conversion of unpaid subsidy certifl and Windsor to Suspension Bridge (Canada Southern), 226 miles;
cates into Mexican Government 5 p. c. bonds, uncollected subsidy, total main line, 496 miles. Branches owned and leased 1,132 miles;
$3,335,685, to be settled by deposit of $4,544,300 of Mexican Govern trackage 111. Cen., 14 miles; total January 1, 1897, 1,642 miles.
There are 244 miles of second track and 877 miles of side tracks..
ment 5s as security for the firsts of 1887.—(See V. 62, p. 593,1139.)
O r g a n i z a t i o n , L e a s e s , &c.—The Michigan Central was chartered in
S t o c k .— Stock, $33,350,000 (par $100), placed in trust with the
Farmers’ Loan <feTrust Company, leaving the road in control of 1st and 1846; the whole line, Detroit to Kensington, was opened in 1852. The
2d mortgage bondholders until it earns and pays interest on both classes lines described above as leased are all held by the Michigan Central
of bonds for two consecutive years. The first mortgage bonds have nominally under leases at fixed rentals. To enter Chicago uses the
two votes [23,064 in all], the 2d mortgage, A. & B., bonds one vote Illinois Central from Kensington under a perpetual lease. The
each [24,530 in all]. The Mexican Nat. Construction Co. owns a ma Terminal RR owns from Union Stock Yards to Chappel, Illinois.
jority of the stock and $7,000,000 of the 3d mort. incomes.—See V. 63,p
C a n a d a S o u t h e r n C o n t r a c t .— In Nov., 1882, a close contract was
1115; V. 64, p 1137. Capital reserve fund Jan. 1.1897. held $734,786' made with Can. So. for the operation of its road. The contract provided
B o n d s .— The fir s t m ortgage of 1887 is a prior lien upon all the for a re-apportionment every five years and in the re apportionment
lines in Mexico, constructed or to be constructed, and upon the Texas December, 1892, it was agreed that the Canada Southern should there
Mexican securities. The bonds are redeemable on notice at nar. Trus after receive 40 per cent and the Michigan Central 60 per cent of the
tees Hugh M. Matheson and Capt. W. G. Raoul. Original issue $12,500,- first $1,000,000of net earnings, any amount over that to be divided
000, which has been reduced to present figure by redemption with sub as theretofore—one-third to C. S. and two-thirds to M.C.; but under the
original contract each company was accorded all benefit to accrue
sidy, $119,000 bonds being paid in 1896, against $46,000 in 1895.
reduction in its fixed charges. The M. C. to Jan. 1, 1896, had
Arto 2 d m ortgage bonds see S u p p l e m e n t of April, 1897, and “Mexi from
reduced its charges $319,200, the Can. Southern not at all. (V. 64, p. 5.
can National Ry. Co., Limited”; below.
On series “ A” bonds from earnings 2 per cent was paid March 1> C a p i t a l S t o c k .— The stock has remained at same amount since 1873.
1893; 1 per cent on April 1,1895; l^per cent on April 10,1896; 3p. c* D i v i d e n d s . >’83 ’84 ’85-86 ’87-89 ’90 ’91 ’92-94 ’95 to A u g . , ’97
Percent—5 5 3 nil. 4 yearly 5 5 5-^ y’rly 4 yearly
Mar. 22,1897, at Nat. City Bank, N. Y., and in London.
B o n d s .— The J a ck son L a n s in g <& Saginaw bonds were assumed by
" W a r n i n g s — 8 months, 51897
Gross, $3,988,687; net, $1,944,284 Michigan
which also guarantees in perpetuity 3*3 per cent on
Jan. 1 to Aug. 31.
1 1896
Gross, 3,259,190; net, 1,459,129 the stock. Central,
The B a y C ity & Battle Creek mortgage is for $1,800,000,
but
amount
outstanding
is limited to $15,000 per mile. The
Net available for interest (8 mos.), $994,144 in 1897; $818,721 in
1896. Above figures are in Mexican currency to be valued at 80 cents on total issue of B attle C reek <£ Stu rgis bonds is $500,000, but
of
this
$79,000
was
sub-guaranteed
by the Lake Shore & Michigan
the dollar in U. S. money, all other depreciation having been allowed for.
RAILROAD STOCKS
Oc to ber , 1897, J
AND BONDS,
85
sVYliitesbort
Sseeayille
Mineo/a
Albany<
pftClFtC,
Coleman
^2feOolewmn.Jc.
Koweaj?-
P aso d e l N o rie l
Mcdwgo
^GatesrlRe0^
\jUunpasa£
jtloiimcsi
Burnett
sTayiorl
Hafblt! BaBr
Jreubam'
iHenipetn
.Viaduct
TC iitglo Lnkj
SAN A N TO N I
©JPfedmBlanca'
Yoakum'
SOUTI
sglc Rat«
/»
IU D A D P O & F IF U O D I A 2
tPtesJnt?Kcgras>
L. OotuItaN
i5
**«
Kraui*® x x
J*. „o»*o \
Tomai
LiiVaca'
,ctVjn 'A
A
Laredo
a lf* ?
,
1'aio Bianca
Ppmham
bmUmartVyi
i
\ 0 U R A N O o " 'V
sdcrlft
’Att'tIK'
MA*ATtANi* -!
'BimeiKto
Jto*Mio
r*
*AGU*%-
*MP!CO
8ANAUISS
P#TOS»
%* * 2 f UAK u
I
■
A&A^ *«A^V
\n.D»iqadtt
sTSluc
[mextj
Yirrcy
1
Slice >N\
VERA
.'CRUZ
M«A4UfA»Up»
.C o r d o b a
Omoalca
Tebnaeajr
CuicatUu
M A P O F TI1K
chilpanoinA
HidflJgO
MEXICAN INTERNATIONAL
RAILROAD
A N D C O N N E C T IO N S
OoUeti Urns fm tlm t* pm jm led txtew i& ns
under Gmwmmmt upptmmL
PaliBftdft
Verde
•Cutatfa
INVESTORS’ SUPPLEMENT.
[V ol. LXY.
S u b scrib e rs w i l l c o n fe r a gre a t fa v o r by g iv in g im m e d ia t e n o tice o f a n y e rr o r d isc o v e re d in th e se T a b le s .
B on d s— P r i n c i
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,^When Due.
Par Outstanding Rate per When Where Payable, and by Slocks— Last
of
STor explanation of column headings, Ac., see notes of
Cent. Payable
Whom.
Road. Bonds Value.
on first page of tables.
Dividend.
3 ! I c h ig a n C e n tr a l —( C on clu d ed )—
18 1889 $1,000
Bav City & Battle C., 1st M., gold, gu.p.A i. end-c*
41 1889 1,000
Battle C. A Sturgis 1st M., gold, gu. p. A i. end.c'
Joliet & Nortk.Iudiana 1st M.. guar. p.&i. (end.).o 45 1877 1,000
M iddletow n IJn. d H. Gap— IstM., ext. in’86.......o*
13 1866 100 Ac.
1871 500 Ac.
2d mortgage, iut. guar. ext. in 1897 tsee text)..o'
1895
M iillaiul Term . 1st m.. $ 1,000.000,gold, red. at 105.C
M ill C reek d M in e H ill Nav. d R R .—Stock..........
1897
M iluf. B en ton H a r b o r d Col.—Consol. M., $600,000
M ilw a u k ee L a k e Shore d W estern— See C h i c a g o A N o k t i i -W e s TERN.
M ilw aukee d La ke Winnebago —Com.stk.$1,000,000
100
....
1st preferred stock, $980,000, 6 per cent, cum... ....
100
66 1882 1,000
1st mortgage, gold............................................................... e*
1895 1,000
Man.Div. 1st M.,$1,000,000,g,sub.to call 110..c«fcr
Divisional construction scrip, gold, red. at par.. __
66 1882 1,000
Income mort. (cumulative), gold, interest paid.o*
1884 1,000
Debentures, convert., gold, see remarks............... c*
M ilw a u k ee d N orth ern — See Chicago Milwaukee A St. Pa ul.
50
52 . . . .
M in e Hill if; Schuylkill Hew.— Stock (6 p. ct. rental).
100
500
17
1891
New consol. M., gold,red.at 105................................. c
100
100
1st preferred stock, 5 per cent, cumulative........ __
__
100
2d preferred stock, 5 per cent, non-cumulative...
1877
1,000
27
1st M., Minn, to Merriam Je., gold.................. c*
1st mort., MerriamJunction to State Line,gold. cr 93 1877 500Ac.
1st M. Minn.A Dul., Minn, to White B.Lake, gold.*
15 1877 1 ,0 0 0
Iowa exten. 1st M., g.(Al. Lea to Fort Dodge)g.c* 102 1879 1,000
53 1880 1,000
Mort.on Southwestern exten., g. ($12,000 p.m.)c*
92 1881 1,000
Pacific extension 1st mortgage, gold............... e*
First consolidated M., $10,000,000, gold......c'&r .... 1894 1,000
$250,000
421,000
800,000
150,000
250,000
See text.
323,375
(?)
3 g.
3 g.
7
5 g.
5
5 s,
10
5
.1. & D. N. Y., Union Trust Co.
J. A D. N. Y.f Union Trust Co.
J. A J. N. Y., Farm. L.&Tr. Co.
M. A N. N. Y., N. Y. Susq. & W.
J. A D.
do
do
.1. A D. N. Y . . Blair A Co.
j. & j.
Philadelphia.
Dec. 1. 1989
Dec. 1. 1989
July 10, 1907
Nov. 1, 1911
Dec. 1, 1911
Dec. 1, 1925
July .’97, 5%
1947
780.000 See text. F. & A. Boston, Of., 50 State St. Feb. 15,’97,3%
520.000
1,430,000
6 g. J. A J. Boston, Mercli.,Nat.Bk. July 1, 1912
1,000,000
6 g. A. & O. 1st coupon Apr.l, 1897 Oct. 1, 1926
75,000
7 g. At mat.
Oct. 1, 1900
520,000
5 g. J. A J. Boston, Merch. Nat.Bk. July 1, 1912
244,000
6 g. A. & O.
do
do
Apr. 1, 1904
4,210,200
6
J A J. Phila.,Office, 119 S. 4th. J’ly 15,>97, 3%
393,400
Feb., ’97, 3^2%
340,500
j
5 g. . & j . N. Y., Nat’l City Bank. Jan. 1, 1931
6,000,000
2,500 000 5 in i897 j. & j . N. Y. Central Tr. Co. J’ly 15/97,2^
4,000,000 3 in 1897 j. & j .
do
do
J’ly 15,>97,1*3
455,000
do
do
Jan. 1, 1907
7 g. J. A J.
950,000
7 g. J. & D.
do
do
June 1, 1927
280,000
do
do
Jan. 1, 1907
7 g. M. & N.
1,015,000
do
do
June 1, 1909
7 g. J. A D.
636,000
do
do
Dec. 1, 1910
7 g. J. A D.
1.382,000
do
do
Apr. 1, 1921
6 g. A. & 0.
5,282,000
do
do
Nov. 1, 1934
5 g- M. A N.
Southern, 7 miles of the B. C. & S. being operated by that company.
B o n d s . —Debentures Nos. 1 to 2 0 0 are convertible on any coupon d a y
The Bay City A Battle Creek and the Battle Creek & Sturgis issues both |into preferred stock, and Nos. 2 0 1 up into common; the lessee pays in
carry the guaranty of the Michigan Central endorsed on the bonds.
terest on them during first ten years after issue.
In 1896 bonds for $1,500,000 were authorized on terminal proper R e n t a l , E t c .— Rental in 1893-94, $174,641; in 1892-93, $204,324
ties acquired in Chicago and East Chicago, and $500,000 of 4 p. c. in 1891-92, $200,843; in 1890-91, $198,591. In 1893-94 net over ex
penses and taxes, $167,695; interest on bonds, $111,800; on deben
bonds were issued—V. 64, p. 886.
O p e r a t i o n s , F i n a n c e s , &c.—The road is operated under a close con tures, $1,500; dividends on preferred, $40,950 (5*4 p. c.); balance,
tract with Canada Southern, and the earnings of both roads are included surplus, $13,445; (V. 63, p. 117; V. 64, p. 903.)
in the statistics below. As to division of profits between the com M ine H ill & S ch u ylkill H aven R R .—From Schuylkill Haven
panies, see explanation V. 64, p. 5. All betterments and improvements to Locust Gap, Pa., etc., 52 miles. In 1897 rental reduced to 6 p. c.
to the road have been charged to operating expenses.
(July, 1H97, dividend being 3 p. c.) on stoek uudef new lease for 999
L a t e s t E a r n i n g s .— Jan. 1 to June 30, 6 months, partly estimated:
years from Jan. 1, 1897, to Phila. A Read. Ry. Co. V. 63, p. 1011.
6 m os.
G ross
N et
S u r. over M ich . Cent. C an. So.
m in e r a l R a n g e R R . —Houghton, Mich., to Calumet, Mich.. 15
■end. J u n e 30. ea rn in g s.
e a r n in g s,
charges.
P rop or.
P ropor.
1896-7......... $6,554,000 $1,749,000 $543,000 $391,000 $152,000 miles, standard gauge; branches and sidings, 7 miles; total, 22 miles.
H i s t o r y , E t c . — Operated i n close connection with Hancock A Calumet
1895-6......... 6,620,000 1,716,000 516,000 375,000 141,000
(which see.) Reorganized in 1891. Iu year 1895-6 paid dividends
A n n u a l R e p o r t .— Fiscal year ends Dec. 3 1 . Annual meeting i s held amounting to lO1^ p. c. In Aug., 1896, 3*2 p. c.; Feb., 1897, 3^ p. o.
on the Thursday following the first Wednesday in May. Report for
B o n d s .— The consolidated mortgage covers all the property, including
1896 was given in V. 64, p. 885.
$250,000 of Hancock & Calumet stock, which is five-sevenths of the
T ra ffic— Of the 7,470,951 tons carried in 1895, grain contributed whole issue. Mortgage is for $600,000, of which there are reserved for
8*7 per cent; bituminous coal, 10^ p. c.; anthracite, 6*8 p. c.; lumber old bonds $7,000 with trustee, and $252,500 in company’s treasury.
and forest products, 20-7 p . e. Average rate per ton perm. *617 cents. There are $13,300 old bonds outstanding. Loans and bills payable
In 1896 carried 7,276,270 tons; average rate *636 cent.
June 30, 1897, $269,941. Of 124,025 tons carried in 1896, bituminous
Y ea r en d in g D ec. 31—
18y6.
1895.
1894.
1893.
coal was 41*61 p. c.; lumber 5*7 p. e.
Miles operated.........
1,642
1,642
1,634
1,634
Earvivgs.—For year ending June 30, 1897, on 22 miles, gross,
Gross earnings........ $13,821,614 $13,651,419 $12,584,012 $16,178,031
Net earnings........... 3,429,263
3,468,188 3,439,905 3,890,239 $115,039; net, $54,497; other income, $L2,659; interest, etc., $24,742;
dividends
(7 p. c.), $i7,538; bal., surplus for year, $14,876. In 1895-6,
P. c. op. ex. to earns..
75*19
74*59
72*66
75*95
Net,incl’gotherinc.. $3,468,948 $3,517,265 $3,484,555 $3,936,029 gross, $112,045; net, $50,668. In 1894-95, gross, $111,229. Office, 45
William
Street,
N. Y.
(Rentals paid............
184,310
184,310
184,310
184,310
Interest on debt....... 2,210,255 2,217,891 2,216,875 2,217,494
M in n e a p o lis & S t. L o u is R R .—
(See M a p .) — Owns main line
Can. Southern share.
296,474= 304,715
287,808
456,648 Minneapolis to Angus, la., 2611s miles; Pacific
Div.. Hopkins to Morton*
Dividends............... (4)749,520 (4)749,520 (4)749,528(5^) 1030601 93
miles; Kalo Branch, 3 miles; Lake Park Branch,
miles; total
operated,
359
miles.
Leases
trackage
from
Minneapolis
8t. Paul
8urplus..............
$28,389
$60,829
$46,034
$46,976 over st. Paul A North. Pac. RR., 11 miles. Also owns, buttoleases
to
—(V. 63, p. 1155; V. 64, p, 135, 885, i 2oq, 1225.)
Bur. C. R. & Nor., Albert Lea to Iowa State Line, 13 miles, and from
m id d le G e o r g ia & A t la n t ic R y , - Sold to Central of Georgia Minneapolis to White Bear Lake, 13 miles, which is leased to the St.
By. Jan. 1, 1897. V. 64, p. 82.
Paul A Duluth Railroad. Operates, but accounts kept separate, Wis
m id d le T e n ii. & A la . I t y.—Purchased by Nashville Chattanooga consin Minnesota A Pacific Ry., 217 miles. See description of M. & St.
L. RR. Minneapolis terminals in V. 65,1^732.
<fc St. Louis in October, 1897.—V. 64, p. 888,1001; Y. 65, p. 621.
Minneapolis New Ulm & Southwestern Ry. fro n Winthrop to
M id d le t o w n U n io n v ille & W a t e r G ap HR.—
(See Map N. Y. TheUlm,
18 miles, was opened in July, 1896. Its securities are
Susquehanna d Western.)—Owns from Middletown, N.Y., to Unionville, New
owued
by the Minn. & St. L.—V. 63, p. 646.
N. J. State line, 14 miles. Stock, $149,850; par, $50. Is controlled
Histo ry .—A reorganization in October, 1894, as per plan given in
through ownership of stock by New York Susquehanna A Western,
which pays interest on bonds. Principal of the second mortgage 5s, V. 59, p. 371, of the Minneapolis A St. Louis R y ., sold Oot. 1 1 ,1 8 9 4 , at
due Dec. 1,1896 ($250,000), was extended at same rate to 1911. In foreclosure under improvement and equipment mortgage.
vear ending June 30, 1897, gross, $47,900; net, $19,717; charges,
S t o c k .— The capital stock of the new company is common, $ 6 ,0 0 0 ,$22,145; bal., deficit for year, $2,428. In 1895-96, gross, $50,171; net, 0 0 0 ; first preferred, 5 p. c., cumulative, $ 2 ,5 0 0 ,0 0 0 ; second preferred,
$22,187. —(Y. 63, p. 1010, 1159; V. 64, p. 664.)
5 p. c., non-cumulative, $ 4 ,0 0 0 ,0 0 0 . Under the plan, old common and
m id la n d T e r m in a l R y .—R o ad .—From Divide, on the Colorado old preferred were assessed $ 2 5 per share, new first preferred being
Midland RR., to Cripple Creek, 30 miles; opened in Doc., 1895. issued for assessment. All classes of stock have equal voting power.
This line shortens the distance from Denver to Cripple Creek about 70 D i v i d e n d s .—On first preferred: In 1895, 3^ per cent for 8 months ;
miles. The first mortgage is for $1,000,000 and bonds are redeemable iu 1896, 5 p. c.; in 1897, Jan., 2*2 p. c.; July, 2^ p. o. On second pre
at 10o. In October, 1896, the bonds had not been sold but were ferred non-cum.: In 1896, 3 p. c.; in 1897, Jan., 1^ p. c.; July, ILj p. c
pledged for a loan of $625,000 made Jan. 1, 1886, at 6 p. o.; there
B o n d s , E t c .— Bonds issued under the mortgage due June, 1927, num were car trusts for $ 10,000, payable $2,000 monthly to February 1, bered
from 1,101 to 1,400, for $500 each, additional to those above
1898. For year ending June 30,1896, gross, $127,623; net, $188,909; were assumed
by the Burl. Cedar Rapids A Northern RR.
interest on loan, $18,750. President, 9 R. C. Brown, of Aspen, Col.;
The
new
first consol, mortgage (see abstract Y. 59, p. 1145) provides
Vice-President, Treasurer and Gen. Man., W. K. Gillett.—V. 61, p. 967. for the issue
of $10,000,000 first consol. 40-year, 5 p. c. gold bonds, of
m ill C reek & m in e H ill N a v ig a tio n & R K .—Palo Alto to which are reserved $4,718,000 for underlying mortgage, the remainder
New Castle, Pa., 3*8 miles; branch 2*8, second track 3*8 miles; total to pay past-due coupons, to retire or acquire certain outstanding bonds,
track, 29 miles. Leased July 25.1861, for 999 years to Phila. A Read and for expenses, etc. The mortgage covers all the property, equip
ing R K . and leased assumed in 189i by Phila. & Readin" R a i l w a y ; ment, franchises, etc., of the company.
rental $33,000 and all taxes.
a
y
,
G e n e r a l F i n a n c e s . — On June 3 0 , 1 8 9 7 , there were no loans and
M lH v a u k e e R e n to n H a r b o r & C o lu m b u s R y . —Completed bills payable, and the company held in its treasury consols $ 2 8 2 ,0 0 0
<Sept., '*7), Benton Harbor to Buchanan, Mich., 27 mile-, to extend to and M. A St. L. stock of par value of $ 3 9 7 ,8 0 0 , etc.
Nappanee, Ind., on the B. & O. RR. The capital stock at consolidation E a r n i n g s — 2 mos., >1897........... Gross, $373,198; net, $142,163
vras $600,000. The company has filed a consolidated mortgage to se
July 1 to Aug. 31. 5 1896........... Gross, 327,754; net, 131,381
cure $900,000 of 50-year 5 per cent bonds. The directors are Presi
A n n u a l R e p o r t .— Fiscal year ends June 30. Report for 1896 97 was
dent A. A. Patterson, Jr.; Secretary, Fred. McOmber, of Berrien
Springs, Mich. (V. 64, p. 1042; V. 65, p. 572.)
given at length in V. 65, p. 724, 731. See also editorial p. 710.
M ilw a u k e e & L a k e W in n e b a g o R R . —Owns Neenah to SclileisEarnings—
1896-97.
1895-96.
mgerville, Wis., 65 miles. Manitowoc Extension, 45 miles, was opened Passengers............................................. ... $412,084
$405,605
m July, 189b. Leased for 99 years to Wis. Cent, at 37^ per cent of Freight............................... -................
1,500,379
gross earnings as rental; but after $175,000 per year is received, Mail, express, Ac................................... .. 125,350
122,316
the balance of net earnings is to be equally divided. In May, 1897,
lease suspended and an arraugement made by which Wisconsin Cen
Total................................................
$2,028,300
tral pays net earnings in lieu of rental—see V. 64, p. 903. The Mani- Net over tares...................................... .. $807,377
$824,748
^'X0^ xtenslou was lease<1 uutil August 1, 1897 “ for substantially Other income........................................
96,949
87,572
auafiT
m*,—V. 62, p. 1098. There is a ferry across the lake
at Mamtowoc. -V. 62, p. 636.
Total net income.................. ........... .. $904,326
$912,320
580,540
580,540
D i v i d e n d s .— Preferred paid 9 per cent per annum to Feb., 1894, Interest paid.......................................... ..
245.000
245,000
bemg regular 6 percent, and on account of accrued back dividend an Dividends..............................................
additional 3 per cent; in 1895, 6 p. c.; in 1896, Feb., 3 p. c.; Aug., 3
Bal. surplus for year........................ .. $78,786
p. o.; in 1897, lob., 3 p. c. In February, 1893, 10 per cent extra was
$86,780
paid. Only o p. c. accumulated dividends on preferred remained un President, (Elected Oct., 18H6), Edwiu Hawley*
paid in Dec., 1896.
—(V. 64, p 330 V 65, p. 161, 710, 72 1 7 3 1 .
p.
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Morrift.
Browns Valle;
M AP
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Pay nes vill e > 0 .
JBcnson
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B r is to l
M illta n k
[Elk River
S t 7 furttfc L ik e
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68
INVESTORS’
SUPPLEMENT.
LVo l . L X V .
B on d s —Prinoi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Due
Par Outstanding Rate per When Where Payable, and by Stocks —Last
of
For explanation of column headings, Ac., see notes of
Whom.
Road. Bonds Value.
Dividend.
Cent. Payable
on first page of tables.
$100 $14,000,000
M in n . St. P a u l <£ S a u ll Ste. M a rie .—Common stock.
100
7,000,000
Preferred stook, 7 per cent, non-cumulative......
8i280,000 4 g. A 5 J. A J. N. Y„ Morton, B. & Co. July 1, 1926
Minn. Sault Ste. Mario & Atlantic 1st M. gold.-C' 495 1886 1,000
3,200,000
do
do
4 (5) j . & j .
Jan. 1, 1936
Minneapolis & Pacific. 1st mort., $15,000 p. m..c* 286 1886 1,000
do
do
July 1, 1938
Consol. M., gold, int. guar, (end.)—See text— c* 970 1888 1,000 16,865,000
4 g- j. & j .
1890
771,000
July 1, 1900
Income certificates..........................................
566,617
1897 A 1903
Car trusts June 30,1897..................................
1893
500,000
6
Nov. 1, 1898
M is sis s ip p i R iv e r <£■ B o n n e Terre —1st mortgage...
500,000 See text. J. A J.
28
St. Albans , vt.
Jan. 1, 1896
M ississgu oi V a lley —Stock....................................
100 52,450,000
M i s s o u r i K a n s a s tt T e x a s —Common stock......
100 13,000,000
Preferred stock, 4 per cent non-cumulative......
187,000
Tebo. & Neosho 1st mort., gold, s. f., red. at 100.. 100 1870 1,000
7 g. J. A D. N. Y. Office, 45 Wall 8t. June 1, 1903
do
do
June 1, 1990
M. K. A T. 1st mortgage, gold......................... 1,601 1890 500 Ac. 39,718,000
4 g. J. A D.
do
do
June 1, 1990
2d M. (formerly incomes), see text, gold........ 1,601 1890 500 Ac. 20,000,000
4 g. P. & A.
1894 1,000
998,000
M.
A
N.
do
do
Nov. 1, 1944
1st M. extension bonds, gold, $20,000 p. m...c
5 gdo
4,000,000
do
Apr. 1, 1942
Mo. K. A Eastern 1stM., $4,000,000 g., assumed. 162 1892 1,000
5
g. A. A O.
162
1892
1,000
500,000
do
do
A.
&
O.
Apr. 1, 1942
2d M.. $500,000 gold, guar., since assumed--5 g.
G uaran teed bonds—
Kan. City A Pacific 1st mort., gold, int. gu. end.c' 125
67
Dallas & Waco lstM.,$2O,O0Op.m.,g.,p.Ai. gu.c*
M. K. A T. in Texas 1st M., $20,000 p.m., gold, gu.c’ 132
Booneville Bridge, 1st M., gold., gu., dr’n at lOO.c* —
G uar, bonds o f com pa n ies operat'd sep a ra tely —
Sh.Sh.&So.1st M.,$20,000p.m.g.,gu.,p.&i. (end.)c* 155
8.
W. Coal A Imp. 1stM. guar. p. A1. end. 8. f. in’99.
M i s s o u r i P a c i f i c —Stock , $55,000,000 authorized.
Pac. RR. of Mo. 1st mort., extended in 1888, gold 283
2d mort. ext. in 1891 in gold, St. L. to K. C..c* 283
1st M., St. Louis real estate, ext. in 1892, gold.
13
1st M. Carondelet Br., g., gu. p.& i.(end.)ext.’93
3d M. (cover’g all property of Pacific RR. of Mo.) 296
Mo. Pacific 1st M., Lexington to Sedalia, Mo, gold
55
Consolidated mortgage, $30,000,000^01(3. .o* 1,076
1890
1890
1892
1873
1893
1889
1,000
2,500,000
do
do
Aug. 1, 1990
4 g. F. & A.
do
1,000
1,340,000
do
5 g. M. A N.
Nov. 1, 1940
1,000
2,685,000
do
do
Sept. 1, 1942
5 g- M. A S.
$ &&
521,000
do
do
May 1, 1906
7 g. M. A N.
1,000
1,200,000
do
5 g. J. A D.
do
June 1, 1943
1,000
800,000
do
do
6
j. & j .
1929
100 47,442,375
July 15, 1891
1868 1,000
7,000,000
do
do
Aug. 1, 1938
4 g. F. A A.
1871 1,000
2,573,000
do
do
July 1, 1938
5 g. J. A J.
1872 500 &c.
800,000
do
do
May 1, 1938
5 g. M. A N.
500
1873
237,500
do
do
Oct. 1, 1938
g. A. A 0.
1876 1,000
3,828,000
M. A N.
do
7
do
Nov. 1, 1906
1880 500 Ac.
650,000
do
do
Aug. 1, 1920
5 g. F. A A.
1880 1,000 14,904,000
do
do
Nov. 1, 1920
6 g. M. A N.
M in n e a p o lis St. P a u l & S a u lt Ste. M a r ie R y .— Owns Minne
G u a r a n t i e s .— Interest is guaranteed on $2,500,000 Kansas City A
apolis to Sault Ste. Marie, Mich., 491 miles; branches, 15 miles; from Pacific 4 per cent bonds and on the Booneville Bridge 7s, and prin
Minneapolis northwest to Kulm, No. Dak., 308 miles; Hankinson to cipal and interest on Dallas & Waco bonds (issue limited to $1,340,000).
International Boundary Line, No. Dak., 342 miles; trackage in Minne The M . K . <£ T. i n Texas in August, 1892, filed a mortgage to secure
apolis, St. Paul, etc., 19 miles ; other 14 miles; total, 1,189 miles.
$10,000,000 of bonds at $20,000 per mile for extensions in Texas.
History.—Formed June, 1888, by consolidation of the Minneapolis They are guaranteed principal and interest and are so endorsed; trus
Sault Ste. Marie A Atlantic, the Minneapolis & Pacific, etc. (See V. tee Central Trust Co. See above, and guaranty V. 56, p. 604.
The S h erm a n Shreveport & Southern mortgage is for $6,100,000 at
46, pp. 538, 609.) Controlled by Canadian Pacific.
not exceeding $20,000 per mile; authorized, $3,100,000, of which
S t o c k .— Canadian Pac. owns $7,066,600 common and $3,533,400 $2,050,000 pledged under the M. K. &T. mortgage of 1890, and $1,050,pref. stock and $2,609,000 consols.
000 issued to M. K. A T. for standard-gauging the road, formerly the
B o n d s .— Can. Pac. guarantees by endorsement 4 per cent interest on East Line & Red River. See below. The line is operated separately.
all the bonds assenting to a reduction of interest to 4 per cent. (See The Southwestern Goal <& Im p rovem en t O o fs bonds are guaranteed.
Mortgage ($1,000,000) covers the coal on 51,000 acres in Indian Ter
Y. 50, p. 784; Y. 51, p. 239; V. 54, p. 799.)
Abstract of M inneapolis Sault Ste M a r ie & A tlantic mortgage in V. 45, ritory, and the company also owns 2,350 acres additional, the Deni
p. 243. The consol, m ortga ge o f 1888 (trustee, Central Trust Co., mort son A Washita Ry., 15 miles, mines in active operation, etc.
Deferred payments due for cars, etc., on July 1,1896, were—payments
gage abstract C h r o n i c l e , V . 47, p. 142), was for $21,000,000 on 800
miles (sufficient of this amount being reserved to retire the prior extending till February, 1898, $180,125 ; payments extending till
bonds) and for $20,000per mile on all additional mileage.
November, 1905, to be made from mlleave of cars, $218,842; equip
G e n e r a l F i n a n c e s .— On June 30, 1897, funded debt. $29,682,617; ment notes, deferred payments, extending to Aug. 23, 1900, $626,490.
current liabilities, $2,885,876; cash and current assets $965,770. Of
G e n e r a l F i n a n c e s . — In December, 1895, through trains began run
the 1,783,763 tons carried in 1895, lumber furnished 35 per cent, ning from Kansas City to Galveston, Tex., on the Gulf of Mexico. As
grain 23 per cent, flour 13^ per cent.
to the development of the export traffic see V. 63, p. 697.
L a t e s t E a r n i n g s .— 8 > 1 8 9 7 .............G r o s s , $ 2 ,2 3 7 ,7 9 2 ; n e t , $ 8 3 7 ,9 8 8
The second mortgage 4 per cents became fixed interest bonds Aug. 2,
mos., Jan. 1 to Aug. 31.5 1896........ Gross, 2,280,656 ; net, 868,406 1895, aiding $400,000 to interest payments as compared with year
Earnings.—For year ending June 30, 1897, gross, $3,598,362 ; net* 1894-95, when only 2 per cent was paid on these bonds. In Nov., 1895,
$1,295,838; rentals, $105,020; interest, $1,194,117; deficit, $3,299. In listed $668,000 additional first extension bonds.
1895-96, gross, $3,735,872; net, $1,428,609. (V. 65, p. 61 7.)
L a t e s t E a r n i n g s .— J a n . 1 t o O c t . 1 4 , 9*2 m o n t h s , g r o s s , $ 8 ,5 7 6 , 5 3 7
M is s is q u o l V a lle y R R . — Road, St. Albaus to Richford, Vt., 28 i n 1 8 9 7 , a g a i n s t $ 8 , 7 9 1 , 5 1 3 i n 1 8 9 6 .
miles. Leased July 1,1888 to Central Vermont RR. at annual rental For calendar year 1896 gross, $11,746,239 ; for 1895, $11,060,140.
of 4 p. c. on stock of $500,000. Central Vermont went into receiver’s A n n u a l R e p o r t .—Fiscal year ends June 30. Annual meeting first
hands in March, 1896, and Missisquoi Valley net earnings are now paid Thursday
after first Monday in April (changed from third Wednesday
over to that company pending final disposition of the lease. No divi in May in 1896).
Report for 1895-96 was given in V. 63, p. 697, and
dend was paid in July, 1896, or January or July, 1897.
earnings are shown below. The increased ii*terest charge for 1895-96
M is s is s ip p i R iv e r & B o n n e T e r r e R y .—Road from Riverside is due to tue fact that the $20,000,000 second mortgage bonds on
to Doe Run, Mo., 47 miles. A southern extension is to be built, for which 2 per cent yearly ($400,000) had previously beeu paid, became
which purpose it is proposed to increase the capital stock (par $100) fixed interest bonds at 4 p. c. Aug. 1,1895, calling for $733,333 for the
from $500,000 to $600,000. Earnings for year ending June 30, 1895, eleven months to June 30,1896.
were, gross, $163,969; net, $2,327; other income, $2,678; charges,
T ear en d . J u n e 30.—
1896.
1895.
1894.
1893.
$34,09/; balance, deficit, $29,092. Controlled by St. Joseph Lead Co. Aver.miles
operated..
2,147
2,028
1,960
1,712
President, J. Wyman Jones; 55 Liberty St., New York
Passenger earnings... $2,071,406$1,970,905 $1,989,448 $1,896,987
M is s o u r i K a n s a s & T e x a s R y . (See M a p .)— R o a d .— Operates a Freight..................... 8,388,544
8,986,779 7,359,213 7,876,357
line with northern termini at St. Louis, Kansas City and Hannibal, Mail, express, etc......
577,036
586,679
528,629
614,847
Mo., extending southerly across the Indian Territory aud the Texas cot
ton belt to tidewater at Galveston, on the Gulf of Mexico. It embraces;
Gross earnings.......$11,036,987 $11,544,363 $9,877,290 $10,388,191
R o a d ow ned.
M iles.
O perated— not ow ned.
M iles. Oper. exp. and taxes.
7,704,100 8,421,184 7,205,941 7,810,734
Hannibal, Mo., via Denison &
Henrietta to Wichita...........
18
Whitesboro, to Henrietta.. 6 8 9
O perated j o i n t l y .
Net earn.,incl.oth.inc. $3,332,887 $3,123,179 $2,671,349 $2,597,490
June. City, Kan., to Parsons. 1 5 8 St. Louis to Texas Junction.. 24 Interest on bonds.... 2,983,960 2,612,943 2,609,360 2,359,443
Texas Jet. to Franklin Jet... 1 6 2 Kansas City to Paola...........
43 Rentals., &c.............
332,534
285,497
71,510
..........
Ft. Worth to Houston, Tex.. 3 2 7 Whitesboro to Ft. Worth...... 71
Paola, Kan , to Sedalia, Mo.. 86 Galveston Hous. & Hend..., 50
Balance.............. sr.$16,393 sr.$224,730 def. $9,521 sr.$238,047
Branches (9) to Mineola, etc. 4 1 9
—(V. 63, p. 30, 649, 697,848; V. 64, p. 132, 469, 842; V. 65, p. 622.)
Total operated.................. 2,197
M is s o u r i P a cific R y .—R o a d — Operates an important system of
Total owned..................... 1,841
Operated separately.
roads extending westerly and southwesterly from St. Louis, Mo., in
R o a d leased.
M iles. Sherman Shrev. &Southern—
Paola to Stevens, etc........... 150 J’flers’ntoGreenv.,Tex.,&o. 155 cluding main lines from St. Louis to Omaha, Neb., 495 miles, and from
Kansas City to Denver, Col., 758 miles, with many branches in Kan
O r g a n i z a t i o n , A c .—Reorganized in 1890, without foreclosure, [plan sas, etc. Through the St. Louis Iron Mt. & Southern, which it con rols,
In V. 49, p. 719,] the old first mortgage being paid off at par.
with Texas and the lines of the Texas A Pacific,
The “M. K. A T. Railway Company of Texas” was formed with capital connection is had
& Gre^t Northern and the St. Louis Southwestern, the
of $8,000,000 to consolidate certain of the roads in Texas. The entire International
whole
forming
what
is known as the ‘‘ Gould System,” in which the
stock is deposited with Central Trust Co. as trustee for the benefit of heirs of Jay Gould are
interested Gee list of Mr. Gould’s hold
the M. K. & T. security holders. (V. 54fp. 1047; V. 55, p. 298.) M. K. ings, V. 60, p. 83.) Thelargely
Mo. Pac. property includes :
A Eastern was absorbed in June, 1896.—V. 63, p. 30.
L in e s o w ned a n d con trolled. M iles. L ea sed lin es a n d trackage. M iles.
L a n d G r a n t .— Land grant in Indian Territory 3,110,400 acres, sub
Louis to Omaha.............. 495 Boonville St. L. & Southern... 44
ject to extinguishment of Indian title. For prospects of this in Sept., St.
Pleasant Hill to Joplin, Mo.. 133 Verd. Valley Ind. &West....... 81
1897, see editorial, V. 65, p. 542, 594. (V. 55, p. 937; V. 61, p.1155.)
12 branches owned.............. 450 Leroy A Caney Valley........... 52
S t o c k .— Besides stock as above the Boonville RR. Bridge Co. has Proprietary lines [entire st’ek
Kansas City & S. W............... 48
$1,000,000 stock; and the M. K. A T. of Texas has $2,012,500 of stock
own’d]form’gline to Pueblo,
Trackage to St. Joseph, eto— 27
included by M. K. A T. in its balance sheet in the outstanding capital.
Col., etc............................ 1,833 .
In June, 1896, the common stock was increased from $47,00 >,000 to
Total Mo. Pacific and branch lines........................................ 3,163
$52,450,000 to absorb subsidiary lines. See V. 63, p. 93.
Also operates Central Branch Union Pacific, 388 miles; St. Louis Iron
B o n d s . —Full abstracts of the fir s t m ortgage of 1890 (trustee Central Mountain A Southern and leased lines, 1,773 miles. Grand total Mis
Trust Company) and of the second m ortga ge (trustee Mercantile souri Pacific mileage January 1, 1897, 5,324 miles. Operated inde
Trust Company) were in V. 51, p. 495. These mortgages cover the pendently, Arkansas & Louisiana Ry., 26 miles.
main line from Hannibal, Mo., to a point 80 miles from Houston, Tex.,
O r g a n i z a t i o n , L e a s e s , Ac.—The Pacific RR. of Missouri was sold in
a distance of 941 miles [except 71 miles of trackage] aud sundry
September 6, 1876. The present company was a consolida
branches, the total mileage mortgaged being 1.601 miles, including the foreclosure
tion in August, 1880, embracing the Missouri Pacific and minor roads.
Sherman Shreveport & So., formerly the East Line & Red River RR. The bonds of the proprietary lines are practically all pledged to secure
The bonds of the Sher. Slir. & So., except $1,050,000 [turned over to M. Mo. Pacific loans. The Iron Mountain stock is mostly owned by the
K. & T. for standard gauging the line [are deposited as part security
Pacific. Complete control of the International & Great
for the aforesaid mortgages. These mortgages also cover the right to Missouri
Northern was secured in 1892. See V. 54, p. 366.
the land grant in the Indian Territory.
D i v i d e n d s — In 1881, 6; in 1882, 61*; in 1883 to 1887, inclusive, 7
• Payment of interest on the second m ortgage of 1890 is obligatory since
the coupon of Aug. 1,1895, the payments to and including that date yearly; in 1888, 5*4; in 1889,4; in 1890,4; in 1891, 3 p. c; none since.
B o n d s .— The con solidated m ortgage is for $30.000,000—trustees John
having been dependent upon earnings. As income bonds they received
2 p. c. interest yearly in February, from 1892 to 1895, inclusive.
F. Dillon and Edward D. Adams—the balance unissued is in trust to
The M isso u ri K a n sa s <£ E a stern bonds originally guaranteed were redeem prior bonds due if deemed best. Abstract in V. 47, p. 287
assumed in June, 1896, the road forming the 8t. Louis extension from The collateral trust bonds d u e 1917 (Union Trust Company of New
Franklin, Mo., to Texas Junction, Mo.. 162 miles. See V. 63, p. 30.
York, trustee) are secured by mortgage bonds of new roads at $12,000
RAILROAD
October , 1897,J
STOCKS
AND
89
BONDS,
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"Savanmi
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W IC H I T A FA LUS X
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MARCOS,
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-— -
• •
MAP OF THE
R#aMte*
M I S S O U R I,
KANSAS & TEXAS
R A IL W A Y SYSTEM .
4
m VESTORS’
»o
SUPPLEMENT,
[V o l .
LXV
S u b scrib e rs w i l l c o n fe r a g r e a t f a v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d In th e se T a b le s .
B o n d s —Prino!
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, Or Amount
pal,When Doe.
of
Par Outstanding Rate per When Where Payable, and by Stocks— Last
For explanation of column headings, Ac., see notes of
Road. Bonds Value.
Cent. Payable
Whom.
on first page of tables.
Dividend.
M is s o u r i P acific— ( C onclu ded )—
Gold collateral trust....................................c*&r 1,120
1st collateral mort. bonds for $10,000,000 gold.c* 671
Gold funding notes redeemable at par..............c __
52
Ler. ACaney Val.lst M.($10,000 p.m.),gold.,gu.c'
81
Verdigris Val. Independence AW. 1st M.,g.,guar.
M isso u ri Pacific System —S t . L o u is Ir o n . M t . & So.
8t.L.&I.M.RR.oldlstM.5s,ext, ’97, g.,red. at 105 210
do old 2d M. 7s, ext. In 1897 in g„ red. at 105 310
99
Ark. Br., 1st M., g., 1. gr., ext. *95, sub. call 105.0
Gen. consol. A land gr.M. ($45,000,000), gold.c* 1,428
Go
do
gold, stamped, guar. p. & l..o* 1,428
Gold funding notes, redeemable at par.......... c __
Car trusts Dec., 1896, due lODereent yearly. __
Baring Cross Bridge Co., 1st mort., gold..........
Kansas A Ark. Val. 1st M. $20,000 per m., gold.. 165
Little Rock A Ft. Smith 1st M.,land gr. sink.fund.. 165
2
Little Rock June. 1st M., guar. p.Ai.by Iron Mt..c*
M obile & B in m n g h . B K.—Stock ($900,000 is pref.).
149
Prior lien, gold, $1,000,000. (See text)........... c
Mort., incomes till July 1,1899, $1,200,000,gold, c 149
M obile Jackson d K .C . —istM.,g.,$4,000,000.C.c''&r
186
M obile d Ohio —Stock ($10,000,000 authorized) gold
472
lstM.,Mob.toCol.(prin.gold,int.lawfulmoney).c*
55
1st mort.,exten.,Colum. to Cairo A branch,gold.c*
General mort. for $10,500,000, (now gold) s. f. .c 527
Montgomery Div.,lst mort., $4,000,000, gold..c* . . . .
Equipment bonds June 30, 1897........................
M o h .d M aloner-lstM .., $15,000p.m. ,g.,gu.p.&i.(en.)c> 181
Income bonds non-cum., 5 per cent (see text) —
$1,000 $14,376,000
5 g.
1,000
7,000,000
5 g.
6,712,000
5 g1,000
520.000
5 g.
1,000
806.000
5 g.
1,000
4,000,000
4 Ls g.
£ & $
6.000,000
5 g.
1,000
2,500,000
5 g.
1,000 18.345,000
5 g.
1,000
6.945,000
5 g1895
4,723,000
5 g.
1,117,000
6
1873
200,000
7 g.
1887 1,000
3,412,000
5 g.
1875 500 Ac. 2,342,500
7
1891 1,000
435,000
6
100
1,800,000
1895 200, 1,000
600,000
5 g.
1895 200, I,OCO 1,200,000
4 g.
1896 1,000
400,000
5 g.
100
5,320,600
1879 500 Ac. 7.000,000
6
1883- 1,000
1,000,000
6 g.
1888 500 Ac. 9,025,085
4 g.
1897 1,000 See text.
5 g.
’87-’90 1,000
147.823
6
1892 1,000
2,500,000
4 g.
1892
3,900,000 Up to 5
1887
1890
1895
1886
1886
1867
1872
1870
’81to’7
or $15,000 per mile; these embracing the line from Fort Scott, Kan.
to Pueblo.Col . etc. For securities pledged, etc., see V. 46, p.678.
As to collateral trust bonds d u e i n 1920, see V. 50, p. 669, 874. On
Dec. 31, 1896, $2,636,000 were held pledged for Missouri Pacific fund
ing notes of 1895 and $7,000,000 were outstanding.
G e n e r a l F i n a n c e s .— In 1895 the issue of $8,256,000 collateral trust
notes (“ gold funding notes”) and $4,744,000 St. Louis A Iron Mountain
notes were authorized to fund floating debt of these companies and
provide for future needs. Of the St. L. & I. Mt. notes $1,495,000 are
guaranteed by the Missouri Pacific. Mercantile Trust Co., trustee. A
ist of the securities deposited to secure these notes was given in V.
62, p. 548; V. 60, p. 1059. On Jan. 1,1897, Mo. Pac. loans payable
(secured by collateral) were $1,325,850.
E a r n i n g s .— J an. 1 to Oct. 1 4 (9*2 months) gross of Mo. Pacific and
St. L. I. M. & So. combined, $ 1 8 ,4 2 7 ,0 0 0 in 1 8 9 7 ; $ 1 6 ,7 8 9 , 7 3 3 in 1 8 9 6 .
A n n u a l R e p o r t .— Fiscal year ends Dec. 31. Annual meeting is held
at St. Louis in March. Report for 1896 was in Y. 64, p. 513. Earnings
of Missouri Pacific system have been as below: “ Other income” in
1896 includes: Dividends American Refrigerator Transit Co., $35,240;
Pacific Express Co., $72,000; interest on Iron Mt. general consols.,
$52,150; int. on funding notes, $74,750; sleeping car earnings,$94,329.
1895.
1894.
1896.
4,992
4,937
Miles operated...............
4,938
$22,672,004
$21,800,646
Total earnings.................$22,011,960
Net earnings.................. 4,597,898
4,738,738
4,420,849
(79-099)
(79*721)
Ratio exp.&tax’s to earns.
(79T1)
Other income, &c...........
$532,492
$1,081,881
$741,439
f
$5,820,619
Total net income...... $5,130,390
$5,162,288
Interest paid on bonds... $5,550,700
$5,440,381
$5,128,378
Rentals...........................
496,944
511,610
520,777
458,874
344,507
Sundry accounts.............
1,446,488
def.$590,246 def.$l,933,355
Balance.................. def.$l,261,761
For the Missouri Pacific proper and branches, not including Iron
Mountain and other auxiliaries, the report was as follows:
Y ea r en d in g Dec. 31—
1896.
1895.
1894.
3,163
3,229
Miles operated December 31......
3,164
Passenger earnings................... $2,054,164 $2,235,245 $2,055,634
Freight...................................... 7,355,368 7,571,640 7,391,310
Mail, express and miscellaneous.. 1,655,859
1,647,001 1,622,707
Total earnings..................... $11,065,391 $11,453,886 $11,069,652
N et earnings..................................... $2,012,926
Dividends, interest, &c., received.
494,814
Total net income................... $2,507,740
Interest on bonds........................$3,034,224
Taxes, rentals, Ac...................... i[924,132
$2,099,393
$1,959,081
967,328
677,929
$3,066,721 $2,637,010
$2,955,158 $2,778,092
932,423 1,648,035
Balance for year.................. def.$l,450,616def.$820,860df.$l,789,117
HIncludes: Taxes, $649,638; rentals, $115,849; interest and exchange,
$158,645, etc.—V. 64, p. 472, 513, 518, 567, 800, 843, 1042.)
M is s o u r i
»*aciitc S y ste m —St. L o u is I r o n
M o u n t a in
&
Southern B y .—Owns St. Louis to Texarkana,Texas Line, 490 miles;
branches to Belmont, Mo., Bird’s Point. Mo. (Cairo), Camden, Ark.,
Helena. Ark., Cushman, Ark., Arkansas^City, Ark., Warren, Ark., Mem
phis, Teun., Ac., 747 miles; Houston Central Arkansas A Northern Rail
way, McGehee, Ark., to Alexandria, La., 190 miles; total owned Janu
ary 1, 1*96, 1,427 miles Leases Little Rock & Fort 8mith and Little
Rock .Junction railroads 176 miles; Kansas A Arkansas Valley RR.,
170 miles. Total operated December 31, 1896, 1,773 miles.
Stock.—Stock $25,788,815, of which $25,716,105 Jan. 1,1895, was
owned by Missouri Pacific—mostly acquired in 1881.
B o n d s .— The general consolidated mortgageis for $45,000,000, bonds
being reserved to retire all prior issues, these covering only 485 miles.
The mort. is a first lien on the 947 miles in Arkansas and Louisiana and
on all ui mid lands, amounting to 622,432 acres on Jan. 1, 1897. Trus
tee o Mortgage, Mercantile Trust Co. of New York. As indicated In
the table above, ourt of the general mortgage 5s (Nos. 11,001 to 18,000
Inclusive) are endorsed with ti e Missouri Pacific’s guaranty of princi
pal and interest; form of guaranty was m V. 56, p. 650.
Gold fu n d in g notes for $4.744,O<>0 were authorized on the 8t. Louis &
Iron Mountain in June, 1895, to provide for the floating debt and “ ad
vances ” $1*495,000 are guar anteed by Missouri Pacific. N. Y. Stock
Exchange in July. 1897, reported $25,290,000 gen eral consols listed. St.
L. A 1. M. tlrst 5s ($4,000,uno) and second 7s ($0,000,000; due May 1,
189 , were extended in gold for *5o years at 4*2 p. c. and 5 p. c.‘ re
spectively. the extended bonds being subject to call at 105. This refundiug reduces interest charges $120,000 per annum. Cairo A. &
T. 7s ior *1,15O.000 were paid June 1. 1897. V. 64, n. 518, 1042.
L *m »m.—'The naie- • laud in Arkansas for 1896 were 17,200 acres at
$3 09 pet m re. the total sales, including town lots, being $53,234; In
Missouri sales 1.187 acres for $4*25 per acre, the total sales, including
town Lots, beiug $5,049; from Little Rock & Fort 8. grant sales 8,234
acres for $3*58 pci acre. Lands in Arkansas unsold Dec. 41. 1896, 622,432 teres: in Missouri, 27,017 acres; of L. R. A F. S„ 540,218 acres.
M. A 8. N. Y., Mercantile Tr. Co.
F. A A.
do
do
M. & S.
do
do
J. A J.
do
do
M. A S.
do
do
Jan.
Aug.
Mar.
July
Meh.
F. & A. N.Y. Mercantile Tr. Co.
M. A N. New York or London.
J. A D. N. Y., Mercantile Tr. Co.
A. A O.
do
do
A. A O.
do
do
M. & S.
do
do
Quar’ly.
do
do
do
do
J. A J.
do
do
J. A J.
do
do
A. A O.
do
do
-T. & J. N. Y. Central Trust.
J. & .1. 2 p. c. paid in Mob., ’97
J. A D. N. Y., Central Trust Co.
J. & D. N. Y., Farm. L. &Tr. Co.
Q.—Jan.
do
do
M. A S. N. Y., Gallatin Nat. Bk.
F. & A, N. Y„ Central Tr. Co.
Various. N. Y., Farm. L. A Tr. Co.
M. A S. N. Y., Knickerb. Tr. Co.
Sept. 1. N. Y. Of., when earned.
May 1, 1947
May 1, 1947
June 1, 1935
Apr. 1, 1931
Apr. 1, 1931
Mar. 1, 1905
1897-1905
Apr. 19, 1898
Jan. 1, 1937
Jan. 1, 1905
Apr. 1, 1916
July 1, 1945
July 1, 1945
June 1, 1946
Dec. 1, 1927
July 1, 1927
Sept. 1, 1938
Feb. 1, 1947
Var., ’97-1904
Sept. 1, 1991
Sept. 1, 1992
1,
1,
1,
1,
1,
1917
1920
1905
1926
1926
A n n u a l R e p o r t .— R e p o r t f o r 1 8 9 6 i n V . 6 4 , p . 5 1 4 , s h o w e d :
Y ea r en d in g Dec. 31—
1896.
1895.
1894.
Miles operated Dec. 31...........
1,773
1,773
1,773
Gross earnings........................ $10,946,569 $11,218,117 $10,730,994
Net earnings.......................... $3,507,710 $3,551,470 $3,358,089
Other receipts.........................
37,677
114,553
63,510
Total net income.............. $3,545,387
Interest on bonds.................. 2,516,47 6
Taxes, bridge exp., rent’ls, &c.
t840,058
$3,666,023
$2,485,223
950,187
$3,421,599
$2,350,286
1,215,552
Balance for year..............sur.$188,853 sur.$230,613 def.$i44,239
t Includes taxes, $273,101; rentals, $381,095; car trust, etc.,$185,862,
—(V. 62, p. 498, 548; V. 64, p. 424, 472, 514, 518, 800, 1042.)
M o b ile dc B i r m i n g h a m R R , - Mobile to Marion Junction, Ala.,
149 miles; trackage to Selma, 14 miles; opened in July, 1888.
History.—Reorganized after foreclosure in 1895 per plan Y. 60, p. 657
Stock.—Common and preferred authorized for $1,000,000 each; out
standing, $900,000 each.
B o n d s . —The new prior lien bonds may be increased at $18,000 per
mile if the 67 mile extension to the Cahaba coal fields is built; Cen
tral Trust Company is mortgage trustee. The “ mortgage Incomes ”
are incomes to and including the July 1,1899, coupon; trustee. Mer
cantile Trust, New York; in March, 1897, 2 p. c. was paid on incomes.
E a r n i n g s .— 2 months. ) 1897.............Gross, $42,479; def., $5,528
July 1 to Aug. 31.
>1896............. Gross, 44,184; net, 1,773
A n n u a l R e p o r t .— Fiscal year ends June 3 0 . The report for 1 8 9 6 - 7
shows gross $ 3 5 8 ,3 8 0 ; net, $ 6 9 ,3 5 0 ; interest, $ 5 4 ,0 0 0 ; bal., surplus for
year, $ 1 5 , 3 5 0 . In 1 8 9 5 - 6 , gross, $ 2 9 5 ,2 2 6 ; net, $ 3 5 ,3 4 0 . President,
T . G . Bush. ( V . 6 4 , p . 5 1 8 M o b ile &G ir a r d R R . - Absorbed by C e n t r a l o f G e o r g i a Rr.
M o b ile J a c k s o n & K a n s a s C ity R R , - Projected from Mobile
to Jackson, 186 miles. About 20 miles of roadbed were built iu 1868.
In 1896 the Gulf City Construction Co. was organized to complete the
road. See V. 62, p. 457. In August, 1897, 30 miles of track from
Mobile northwest to Dog River had been completed.
Capital stock is $4,000,000. Trusted of first mortgage is Central
Trust Company, New York. President is F. B. Merrill. Among the
directors are W. D. Stratton, of Drake & Stratton Co.; Lathrop R.
Bacon, of Bacon, McKinley A Sherman, of New York; W. H. Srnithe, of
the Mercantile Bank of London. (V. 62, p. 457, 990; V. 63, p. 459.)
M o b ile & O liio R R , - (S ee M a p .)—Owns from Mobile, Ala., to Co.
lumbus, Ky., 472 miles, proprietary line, Kentucky & Tennessee RR.
to E. Cairo, 21 miles; branches to Columbus, Miss., Ac., 34 miles; t o t a l
owned, 527 miles; leases St. Louis A Cairo (which see), Cairo to St. L.t
152 miles, with branch to Millstadt, 9 miles; total operated, 688 miles.
H i s t o r y , E t c .— Opened in 1 8 6 1 ; securities readjusted in 1879.
Lands June 30, 1 8 9 6 , were 454,327 acres, valued at $229,299.
G e n e r a l F i n a n c e s .— In March, 1897, the company issued and sold
$4,000,000 first mortgage bonds on the “ Montgomery Division of the
M. A O.” to build and equip an extension from Columbus, Miss., to
Montgomery, Ala., 168 miles, with branches, 27 miles. T ie entire ex
tension is under construction and is to be completed early in 1898
—see V. 65, p. 736. On July 1,1897, there was no floating debt.
S t o c k .— St o c k a u t h o r iz e d , $10,000,000; o u t s t a n d i n g , $5,320,600;
p a r , $100. T h e v o t i n g p o w e r o n $4,953,300o f t h e s t o c k is e x e r c i s e d by
th e g e n e r a l m o r tg a g e b o n d h o ld e r s b y v ir t u e o f t h e d e p o s it in t r u s t
u n d e r t h e g e n e r a l m o r t g a g e o f t h e o l d d e b e n t u r e s o f 1879, u p o n w h io h
th is v o tin g p o w e r w a s c o n fe r r e d .
B o n d s . —Under the gen era l m ortga ge o f 1 8 8 8 (trustee, Farmers’ Loan
A Trust Co.) there cau be no foreclosure till four coupons are in default.
In May, 1 8 9 5 , the entire issue was made payable in gold. V. 60, p. 967.
Of the $ 1 0 ,5 0 0 ,0 0 0 authorized, the amount canceled by linking fund
to June 3 0 , 1 8 9 7 , was $ 8 6 6 ,0 0 0 ; $ 6 0 1 ,5 0 0 were in treasury and $ 7 , 4 1 5
in trust. Mortgage abstract. V. 47, p. 8 3 . Interest on $ 4 ,0 0 0 ,0 0 0
St. Louis A Cairo 4s is guaranteed.
L a t e s t E a r n s .— 2 mos. ) 1897........Gross, $611,252; net, $’ 85,234
July 1 to Aug. 31.
] 1 8 9 6 ........ Gross, 5 4 7 ,3 9 6 ; net, 1 6 2 ,4 3 2
A n n u a l R e p o r t . —Fiscal year ends .Tune 30. Report for year 1896-97
was given at length in V. 65, p. 724, 735. The increase in operating
expanses was largely due to the floods of March, April and May, 1897.
1895.
1894.
Y ea r en d 'g J u n e 30— 1897.
1896.
Total gross earnings.$3,867,858 $3,619,071 $3,269,989 $3,253,692
1,115,503 1,209,037
Net earnings.. ....... 1,283.895 1,293,869
(65*89)
(62*60)
P. ct. op. ex. to earns. (66*82)
(64*25)
1,034,354 1,037,323
Interest and rentals. 1,060,126 1,059,632
Balance, surplus*.. $223,769
$234,237
$81,149 $171,714
* Equipment and new construction (additional to operating expen
ses) cost #172,331 in 1893-94; $186,557 iu 1894-95; $143,645 in 1895-6;
$204,450 in 1896-7.—V. 65, p. 232, 7 2 4 , 7 3 5 . )
> lo h a w k Sc M a lo ti R R . - (See M a p N . Y. C en tra l .)—Owns from
Herkimer, N. Y.. on the N. Y. Central’s main line northerly to Malone,
on the Central Vermont, with branches, 181 miles in all.
RAILROAD
O c to beb , 1897 J
STOCKS AND
BONDS.
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MOBILE & OHIO
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IASHVJLLE
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92
INVESTORS’
SUPPLEMENT.
[V ol . LX Y ,
S u b scrib e rs w i ll c o n fe r a gre a t fa v o r b y g i v in g Im m e d ia te n o tice o f a n y e rr o r d isc o v e re d i n th e se T a b le s .
RAILROADS.
Miles Date Size, or
Par
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
on first page of tables.
32 1889 $1,000
M onongahela R iver R R .— 1stM.,g.,gu.B.& 0.,end.c*
1895 1,000
Consol. M., $1,500,000 g., s. f in 1898, red.at par
1890 1,000
MoJiffiKun’i/BrJ/Z/.-lstM.,$200,000, lawful inoney.c
M o n tg om en / di E rie R y .— 1st m. (old 7s ext. in ’86)
.... 1866
2d mortgage (old 7s extended in 1887).............. .... 1867
678
80 1859
M org a n 's L a . A Texas— N. O. Opel. A Gt.West. 1st M.
1st mortgage (New Orleans to Morgan City)...c" 102 1878 1,000
1st mortgage, Alexandria Extension, gold.......... 157 1880 1,000
General mortgage............................................. 204 1893 1,000
50
....
M o rris A Essex— Stock, 7 p. o. guar. D. L. & W.......
84 1864 500 &c.
1 s t mortgage, sinking fund................................
Convertible bonds.............................................. ..... Var’us 1,000
1871 1,000
Gen. M. & 1st on BoontonBr. Ac. (guar. D.L.AW.)
Consol. M. (for $25,000,000) guar. D. L. &W.c*<fcr 137 1875 1.000
Var’us
Special real estate bonds...................................
''2
100
Morris A Essex Extension stock, guar. 4 per cent.
50
M U C a rbon A P ort C arbon R R ..............................
M l. M o lly L u m b . A M e d f d —IstM. gu. p.&i. Pa.RR.
M u s k eg o n Or. R a pid s A In d ia n a —1st mort., gold..
37 1886 i , 6 o o
100
15
N ashua A L ow eH ^-S tookfi p.c. rental,92 yrs. B.&M.
.... 1880
Bonds not mortgage, assumed by lessee............
100
N ashville Chattanooga A St. L o u is —Stock..............
1st mortgage (for $6,800,000)......................c*<fcr 340 1873 1,000
321
1,000
1881
2d mortgage, gold or silver.......................... c*«fcr
1,000
1 s t M. on Fayette, andMcM.brs.($6,000p.m.)c*<fer 125 1877
29 1877 1,000
1st mortgage on Lebanon Branch................... o*
43 ’77-’83 1,000
1st M. on Jasper Br. ($90,000 are 8s, due 1906)c*
1st mortgage on Centreville Branch, gold— cx<fer 46 1883- 1,000
1st M. on Tracy City Br. (Tenn. C. A I. RR.).c*<fcr 20 1887 1,000
IstM. on Bon AirBr., red. at par aft. July ’97,.. .c*
7 1887 1,000
Consol. M. ($20,000,000), $20,000 p. m., gold.. .0" 740 1888 1,000
1895 1,000
TV. & Atl. incs. ($650,000), $26,000 due y’rly.g.c.
B on d s —Princi
INTEREST OR DIVIDENDS.
Due.
Amoimt Rate per When Where Payable, and by pal,When
Stocks —Last
Outstanding Cent. Payable
Whom.
Dividend.
$700,000
5 g. F. & A. N. Yr. Central Trust Co. Feb. 1, 1919
1,163,375
5 g. J. A D. Balt., Annap. Bkg.A Tr. Deo. 1, 1945
200,000
6
j. & j . N. Y., Metropol’ii Tr.Co. Jan. 1, 1910
M. & N.
130,000
5
Goshen, N. Y .
May 1, 1926
40,500
A. & 0.
5
do
do
Oet. 1, 1927
249,002
5
A. & O. N.Y.,8.Pac.Co.,23Broad Apr. 1, 1899
5,000,000
A. & O.
7
do
do
Apr. 1, 1918
1,494,000
do
do
July 1, 1920
6 g. J. A J.
1,000,000
do
do
5
j. & j .
July 1, 1913
15,000,000
J. A J. N.Y., Del. Lack. &West. July .’97,3*2%
7
M. & N.
5,000,000
7
do
do
May 1, 1914
do
do
281,000
j. & j .
Jan. 1, 1900
7
4,991,000
A. A O.
7
do
do
Oct. 1, 1901
11,677,000
J. A D.
do
do
June 1, 1915
7
2,795,000 4*2 A 5
do
do
Various.
221,000
4
M. A N.
do
do
Nov., ’97, 2%
282,350
12
J.AJ.15
July 15,’97,6%
75,000
7
A. A 0. Phila., Broad St. Stat’n. Apr. 1, 1899
750,000
5 g. j . & j . Jan., ’95, paid Feb., ’97 July 1, 1926
800,000
9
M. A N. Nashua, Indian Hd. Bk. N’v.1,’97,4^%
100,000
do
do
5
j. & j.
July 1. 1900
10,000,000 Text.
Q.-F.
N. Y. and Nashville. Nov.1,’97,1%
6,300,000
7
J. A J. N.Y.. ContinentalN. Bk. July 1, 1913
J. A J.
1,000,000
do
do
Jan. 1, 1901
6
750,000
J. A J.
do
do
6
Jan. 1, 1917
300,000
6
j. & j .
do
do
Oet. 1, 1917
461,000 6 g. & 8 j. & j .
do
do
Jan.,1906A’23
376,000
do
do
Jan. 1, 1923
6 g. J. A J.
480,000
6
j. & j .
do
do
Jan.1898 to’17
114,000
6
j. & j .
do
do
July 1, 1917
5,594,000
do
do
Apr. 1. 1928
5 g. A. A O.
do
do
See text.
Jan. 1, ’98-’20
5 g. j . & j .
H i s t o r y , L e a s e , E t c .— In 1 8 9 3 , N. Y. Central leased tlie road and Leased March 5, 1860, for 50 years to Phila. & Reading RR. and lease
guaranteed its first mortgage bonds. The surplus in any year after assumed in 1896 by Phila. A Reading Railway. Rental $36,250 yearly.
payment of the first mortgage interest for that year to pay
M u s k e g o n G r a n d R a p id s Sc I n d i a n a R R . —Owns road
not exceeding 5 per cent interest on the incomes. A dividend of 2 Grand
to Muskegon, Midi., 37 miles; trackage, G. R. A Ind. at
per cent on the incomes was paid Sept. 1 , 1 8 9 6 . N. Y. Central owns Grand Rapids
Rapids, 3 miles. Road opened 1886, and leased to Grand
the $ 4 ,5 0 0 ,0 0 0 stock, and has the option of retiring tlie incomes at any Rapids &
Indiana
RR.. which was foreclosed in 1896. Stock, author
time, and issuing in lieu thereof 2d mortgage guaranteed gold 4 per
$350,000; par, $100; issued, $1,000. Coupon of Jan., 1895, was
cents, due Sept. 1 , 1 9 9 1 . See official statement V. 5 6 , p. 5 0 1 . As to ized,
paid
iu
Feb..
1897.
Earnings for year ending Dec. 31, 1896, gross,
bonds. Bee V. 5 6 , p. 7 8 2 . (Y. 5 7 . p. 2 2 ; V. 6 1 , p. 9 2 6 ; Y. 6 3 , p. 1 1 6 , 3 1 1 . ) $121,620 ; net, $31,360;
interest on bonds, $37,500. In 1895, gross
M onongaliela R iv er B R .-R oa d from Fairmont to Clarksburg> $116,400; net, $21,572. President,W. O. Hughart, Grand Rapids, Mich
W. Va.. 31 miles. Road opened in 1890. Capital stock is $1,300,000;
N a sh u a Sc L o w e ll R R . —Owns double track road from Lowell,
par, $100; outstanding, $1,274,400. The firsts (Central Trust Co., Mass.,
to Nashua, N. H., 15 miles. On Oct. 1, 1880, leased for 99 years
N. Y., trustee,) are guaranteed principal and interest by the B. & O. Boston
Lowell. In 1887 lease was transferred to Boston & Maine,
Consols “ coal bonds” , (trustee, American Banking & Trust Co., of to
which
pays
a rental of $73,000 (9 per cent on stock).
Baltimore) were authorized to pay for the construction of branch
N a s h v ille C h a tta n o o g a Sc S t. L o u is R y .— (See M a p .) —Owns
roads not more than 50 miles in length. On Jan. 1,1*97, $336,625
consols were in the treasury. See description of first mortgage, etc., fron Chattanooga, Tenn., to Hickman, Ky., 320 miles; branches to
p. 6 of S u p p l e m e n t , April, 1896. There are car trust 6s, principal Lebanon. Ac., 429 miles; leases Western A Atlantic, Chattanooga,
outstanding Jan. 1, 1897, $183,100; interest $31,096; interest paya Tenn.. to Atlanta, Ga., 137 miles; owns all capital stock of Rome RR.,
Rome, Ga., to Kingston, Ga., 18 miles ; total operated, 904 miles. In
ble at Mercantile Trust Co., Baltimore, Md.
1896 the N. C. A St. L. directors leased the Memphis A Paducah Divi
E a r n i n g s .— Statement for year ending Dec. 31, 1896, was in Y . 64.
sion
(consisting of Paducah Tennessee & Ala., 119 miles, and Tenn.
p. 949 and 998, showing, gross, $210,353; net, $108,244; int. and Midland,
136 miles,) of the Louisv. A Nashv. See V. 65, p. 679. Mid
taxes, $38,215 ; balance surplus, $70,029. In 1895, gross, $206,695; dle Tennessee
A Ala., Shelbyville, Tenn., to Decatur, Ala., 32 miles,
net, $109,455; int. and taxes,$38,270.—(V. 64, p. 949, 998.)
was purchased in October, 1897. V. 65, p. 621.
M o n te re y Sc M e x ic a n G u l f R B . - Owns road completed in Aug
O r g a n i z a t i o n .— A majority of the stock ($5,500,500) is owned by the
ust, 1891, from Venadito (on the Mexican International Railroad) via Louisville
A Nashville, and pledged under its unified mortgage, etc., so
Monterey to Tampico, on the Gulf, about 390 miles. See V. 62, p. 85, that the two
systems are operated in close harmony. The Western A
H i s t o r y .— Purchased in November, 1895, at foreclosure sale, under Atlantic is leased from the State of Georgia for 29 years from Dec. 27,
the 1st mortgage of 1888 by the Societe Anonyme Beige de Clieruin de- 1890, at $420,012 per annum. Jointly with L. A N. leased in 1897 ter
FerauMexique,which has capitalization as follows; Capital stock, minal property in Nashville for 99 years. Y. 65, p. 278.
10,572 910 shares, each share representing $1,000 in bonds or D i v i d e n d s ) 1888 1889 1890 1891 1892 1893 ’94 ’95 ’96 *97
matured coupons of the Monterey A Mexico Gulf RR. Co. 160 3350 since 1887. > 4*4
5
5
5
5
3% 3*2 4
3 below.
income shares; first mortgage 4 per cent bonds, 4,000,000 francs,
1897 Feb., 2 p. c.; 1 p. c. for Nov., 1896, dividend deferred; May,
being 8,000 bonds at 500 francs each. Augustus Frasez, President, 1 In
p.
o.;
Aug.,
1
p.
c.;
Nov.,
1
p.
c.
Brussels, Belg.; Coudert Bros., 100 Broadway, N. Y., attorneys.
B o n d s . —The Tracy City branch 6s fall due $20,000 yearly on Jan. 1
E a r n i n g s .— 7 months, >1897..........Gross, $797,534 ; net, $368,223
Jan 1 to July 31.
>1896.........Gross, 665,389; net, 206,042 to 1916 inclusive, and $100,000 on Jan. 1, 1917.
The consolidated mortgage of 1888 (United States Trust Co., trustee),
For year ending Dec. 31, 1896, gross, $1,152,748; net, $399,228.
In 1895, gross, $1,211,875; net, $384,674. (V. 62, p. 85; V. 65, p. 729.) provides that all prior bonds shall be paid off at maturity; sufficient of
$20,000 per mile are reserved for them.
M o n tg o m e r y B e l l L in e R y . - Owns real estate and a belt the
Western & Atlantic income mortgagees for $650,000, (Central Trust
line in Montgomery, Ala., about one mile of track on Tallapoosa, Co.,
N. Y., trustee), were issued in 1895 to reimburse the N. C. A St. L.
Bell, Perry and Columbus streets. Alabama Midland Ry. pays an for renewals
and improvements made on that road. The incomes are
annual rental of $15,525. The Plant Investment Co. owns 90 per cent secured by mortgage
on all W. A A. property in possession of N. C. A
of the stock. Capital stock is $200,000 ; par, $100.
St. L.. and also cover the $500,000 State of Georgia bonds deposited as
M o n tg o m e r y Sc E rie R y (See Map Erie Railroad.)—
Owns road security for the lease. Each Jan. 1 26 bonds fall due; in Jan., 1897,
from Montgomery to Goshen, N. Y., 10 miles. Road opened 1867. $598,000 were held in treasury and balance canceled. Duck River
Leased in 1872 to N. Y. L. E. & W. (now Erie RR.—which see.) Rental 2ds (now firsts) $22,000 gold 6s, due Nov. 1, 1909, interest M. A N.,
is $16,000 per annum. Stock, $150,000. Dividends (4^ per cent per are outstanding. See V. 61, p. 519.
annum) are paid May 10 and Nov. 10. Sinking fund $6,500 per annum.
G e n e r a l F i n a n c e s .— Bills payable incurred in purchase of Rome
M o n tr e a l Sc V e r m o n t J u n c t io n R y ,—Road from Vermont RR., etc., were $1,233,240 on July 1, 1897. Consol 5s for $500,000
State line to near St. Johns, Que., 23 miles. Operated by Central Ver were listed in February, 1897, issued for extensions. V. 64, p. 330.
mont. In March, *97, rental reported reduced from $50,000 to $27,600.
L a t e st E a r n in g s .— 3 mos.) 1897...Gross, $1,457,647; net, $541,617
M o r g a n ’ s L o u is ia n a ScT e x a s R R . ScS te a m s h ip C o m p a n y .
1 to Sept. 30.
>1896...Gross, 1,254,710; net, 492,669
— ( See M
ap of Souihet'n Pacific.)—R o a d — Owns Algiers to Cheneyville, A n nJuly
u a l R e p o r t .— Fiscal year ends June 3 0 .
The report for 1 8 9 6 - 9 7
204 miles; branches, 55 miles; trackage to Alexandria, 24 miles; total was given
at
length
in
V.
65,
p. 664, 6 7 8 .
railroad lines, 283 miles; steamship lines and ferries, 3,176 miles.
Y ea r end s J u n e 30.
1897.
1896.
1895.
1894.
O r g a n i z a t i o n .—The Southern Pacific Company, on Jan. 1 , 1896, held Mileage end of year...
904
906
902
884
$14,995,000 of the $15,000,000 stock and operated road under lease. Gross earnings..........$5,116,118 $5,074,625 $4,608,502 $4,521,662
The lessee pays all charges and also 23-per cent of the net profits under Net earnings............ 1,911,448 1,910,275 .1,882,142 1,850,482
the “ omnibus lease.” Company has 12 iron steamships and 9 ferry Investments, etc........................
41,002
18,424
33,443
and river steamers and tugs plying between New York and New Or
leans and between Gulf ports; also wharves, warehouses, ana on Jan.
Net income..........$1,911,448 $1,951,277 $1,900,566 $1,883,925
1, 1896, owned $726,500 bonds and $772,298 stock of other comx>anies. Int. on debt and tax...$1,088,420 $1,078,470 $1,077,425 $1,022,571
The general mortgage bonds of 1893 for $1,000,000 were sold in 1895. Rental
W. & A. RR... 420,012
420,012
420,012
420,012
E a r n i n g s — 7 months,) 1897....... ; Gross, $2,905,137; net, $690,565
Improvements.....................
21.859
25,537
Jan. 1 to July 31. >1896........ Gross, 2,630,612; net, 459,279 Dividends.................(4) 400,000 (4) 400,000 (4) 400,000 (2^)250,000
In year ending Dec. 31, 1896, gross, $5,339,639; net, $1,602,117. In
1595, gross, $5,967,946; net, $1,591,551; surplus over charges, $449,Balance..............sur.$3,016 sr.$52,795 def.$18,730 sr.$165,805
067; net profits due company under lease to Southern Pacific, —(V. 63, p. 458. 484, 499. 509, 794, 1010, 1063 ; Y. 64, p. 135, 330;
$479,241; income from investments, etc., $139,322.
V. 65, p. 278, 621, 664, 678.)
M o r r is Sc E s s e x R R .—
(See Map of Delaware Lackawaima A Nash v ille Sc D e c a tu r R R . —( See M a p L ou isville A N a sh ville.)—
Western.)—Owns from Hoboken, N. J., to Phillipsburg, N. J., 85 miles; Own8
from Nashville, Tenn., to Decatur, Ala., 119 miles. Leased to
branch, Denville, N. J., via Morris A Essex Tunnel, to Hoboken, N. J., Louisville
&Nashville for 30 years from July 1,1872, at a rental of 6 p.
35 miles; leases 16 miles; total operated, 136 miles.
c. per annum on stock. The lessee assumed all the debt and owned (Oct.,
1896)
$938,800
of its stock. On Oct. 10, 1896, sinking fund held
L e a s e .— Leased in perpetuity to Delaware Lackawanna &West..which
assumed all liabilities and pays 7 p. c. per annum on the capital stock. bonds of face value $659,000, of which $630,000 were N. & D. firsts.
See form of truaranty, V. 56, p. 812.
E a r n i n g s .— Earnings are now included in L. A N. reports. In 1892
E a r n i n g s .— The road is important to the Delaware Lackawanna A ’93, gross $1,468,199; net. $$450,664; interest, $147,000; balance
Western as a route with terminal.facilities on New York Harbor, but for dividends, etc., $303,664. Iu 1891-92 gros-, $1,443,431.
the actual earnings on the road show a larsre annual deficit for the
N a sliv ille F lo r e n c e Sc S heffield R y . —('Nee M a p L ou isville A
lessee compaiiy after the payment of rental. The loss to lessee was Nash ville .)—Owns from Columbia, Tenn., to Sheffield, Ala., 82 miles,
in 1891 over $900,000; in 1892 about $1,500,000; in 1893, $1,525,959 ; with branch Iron City, Tenn., to Pinckney, Tenn., 12 miles; oper
in 1894, $1,960,852. In 1894 gross earnings of road proper (119 ates Napier br., etc., 14 miles; total, 108 miles. Operated by Louisville
miles) were $5,370,785; net, $752,328. In 1893 gross, $5,791,267 ; & Nashville, which company guarantees the principal and interest of
net $1,164,471. In 1892 gross, $5,772,665; net, $1,149,429.
the bonds by endorsement, and owns $729,400 of the $872,385 stock,
M o u n t C a rb o n Sc P o r t C a rb o n R R . —Owns Mt. Carbon to Palo par $100. Stock authorized, $2,000,000. For year 1895-6, gross, $195,Alto, Pa., 3 miles; second track, 2 h miles; total track 19 miles. 930; net, $33,598; interest, $104,800; taxes, $7,430; balanoe, $78,632.
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94
INVESTORS’
SUPPLEMENT.
[VOL.
i xv,
S u b scrib e rs w i ll c o n fe r a g r e a t fa v o r b y g i v in g im m e d ia t e n o tic e o f a n y e rr o r d isc o v e re d in th e se T a b le s .
B on d s —Pnnoi INTEREST OR DIVIDENDS.
RAILROADS.
pal,When Due.
Miles Date Size, or Amount
Par Outstanding Rate per When Where Payable, and by Slocks —Last
of
For explanation of column headings, &o., see notes of
Road. Bonds Value.
Whom.
Dividend.
Cent. Payable
on first page of tables.
$25 $2,337,582
'June, ’97, 3 %■
119
6 J. & D.
Nashville.
N ashville <£ Decatur— Stock, guar. 6 p. o. by L. <fc N.
7
1st mort., guar., s. f. ($200,000 held in sink. fd.). 119 1870 1,000 2,100,000
j. & j . N. Y., 120 Broadway. July 1, 1900
91 1887 1,000 2,096,000
5 g. F. & A. N. Y. and Louisville. Aug. 1, 1937
N ash. F lo r. d Sheff — 1st M. ($2,500,000), gold, gu.c
1918
73 1888 1,000
1.184,000
6 M. & N. N. Y., Mercantile Tr. Co.
N ashville d K noxville —1st mort. for $2,000,000. .c
2,750,000
See text.
N ational D ocks R a ilw a y— Stock..........................
500.000
N at. D o ck d N, J. J u n ctio n R R .— Stock $1,000,000
1893 1,000 1,381,000
& J. N. Y., Chase Nat. Bank. July 1, 1943
Nels. d F t.Shep.— 1st M., l.gr., s.f., g., $l,500,COO.c*
6 g. J.
50
M. <fc S. Phila., 108 So. 4th St. Sept.,*97,2*s%.
1,418,600
5
Nestruehoning Val.— Stook, 5 p.c. gu. till 1904........
18
Jan.’97
none
20years.
& ,T. N. Y., Moran Bros.
N evada —O a lif. —O regon. —1st M. $2,200,000, gold.
6 S- J.
No coupons paid.
94 1888 1,006
750,000
July 2, 1938
Nevada Central —1st M. g., income (sinking fund)..
5 S’ J. & J.
500
&
C
.
M
.
&
N.
44 1869
800,000
Nov., ’95, coup, last pd. Nov. 1, 1929
N ew ark Som erset d Straiisv — 1stM.,ext.in’89, g.c*
5 S’
1921
59
1891
226,000
M. & N. S . Y., Central Trust Co.
5
N ewburg D utchess d Connecticut —Ool. trust bonds.
6
June 1, 1977
1877
1,164,500
Income mortgage for $1,625,000..................... r
50
Pittsburg, Pa.
700,000 See text.
See text.
15
New Castle d B ea ver Valley— Stock......................
250,000
17 1887 1,000
6 g. j . & j . N. Y., Farm. L. &Tr. Co. July 1, 1917
N ew Castle d Shenango V alley —lstM., int. guar..
100 20,000,000
N ew E n g la n d R R .— CJpmmon stock......................
100 5,000,000
Pref stork. 5 p. ct., non-cum...........................
N.Y.&N.E.lst M. ($6,000,000 are 7s) currency.c 321 1876 1,000 10,000,000 6 &7 j . & j . Boston, S. De|).& Tr Co. Jan. 1, 190&
Boston. Office.
July 1, 19455,000,000
1st consol.M., $17,500,000, gold, gu ,p.&i., end.c* 361 1895 1,000
5 S- j. & j .
1,500,000
1889
4
A. & O. Boston, 180 Sumner St. Apr. 1, 1939
N.Y.&N.E. Boston Term. lstM.f6r$l,500,000,c*
4
F. & A. N. Y. Cent. & Hud. Ri\ Feb. 1, 1986
5 1886 1,000 1,700,000
N ew J ersey J unction— 1st. M., guar, by N.Y.Cent.c&r
N ew J er se y d N ew Y ork — S e e E r i e RR. Co.
100 1,500,000
121
New London, Office. Oct., ’ 97, 2*4%
9
New L o n d o n N orthern —Stock........................
Q—J.
1,500,000 4 & 5 J. & J. N. Y., Bk. of No. Alter July 1, 1910
Consolidated M., now 1st M. ($688,000 are 4s).c* 121 1880 1,000
1,320,000
196 1885 1,000
New Orleans J N orth Eastern —Prior lien m., gold.c^
6
g. A. & O. N. Y., Central Trust Co Nov. 1, 1915
196 1881 1,000 5,000,000
6 J. & J N.Y., Muller, Schall&Co Jan., 1911
1st mortgage, gold...........................................
446,345
N . O. d N orthwest' n—Receiv’s ctfs., g., an. $500,000
1,000
Jan. 1, 1940
1890
1,540,000
5
g. J. & J.
In default.
1st mortgage, $20,000 per mile, gold.......... c*«fcr
1895 1.000 1,500,000
5 g. J. & J. N. Y., State Tr. & N. 01 July 1, 1946
N ew O rleans d West.—1st Ter. M., $2,000,000, g .. c
1897
1.000
March.
March
1, 1900
2d mortgage, $2,000,000, gold ........................
(!)
4 S’
100 1,500,000
N ew p ort d C in cin . B rid ge.— Stock, $1,500,000__
July
1,
19451895
1,000
1,400;000
J.
&
J.
N.Y.,Farmers
L.&T.Co
1st M., $1,500,000, g., s. f. guar. p. & i. end by Pa. Co.o*
412 g.
N a tio n a l D o c k s R y . - Road extends from United N. J. RR. at
Point of Rocks to Constables Hook, N. J., 6*10 miles; Communipaw br.,
0*38 miles; Kill von Kull branch, 0-54 miles; other branches 0’79 miles;
total, 7*81 miles; second track. 7*28 miles. Road opened Dec. 1, 1883.
Stock June 30,1895, $2,750,000; unfunded debt, $26,332.
E a r n i n g s .— For year ending June 30,1896, gross earnings, $247,849;
net, $159,275; charges, *11,032; bal., surplus, $148,243. In 1894-95
net, $156,359. Office, 45 Broadway, New York.—V. 64, p. 518,
N a tio n a l D o c k s <fc N e w J e rs e y J u n c t io n R y .—Completed
in 1897, mile, connects the West Shore, Delaware Lackawanna &
West’n and Erie on the north, and the Lehigh Valley, Baltimore & Ohio,
Central RR. of New Jersey and Reading oh the south.—V. 64, p. 518.
N e lso n & F o r t Sl»epi>ard R y .— Owns from International
Boundary to Kootenai Lake, B. C., 60 miles. Completed in March,
1894, in the interest of Spokane Falls &Northern Ry., which see. Earn,
ings Jan. 1 to Aug. 31,1897 (8months), gross,$101,295; net, $54,188^
N e sq u e lio n in g ; V a lle y R R . —Owns from Nesquehoning Junction,
Pa., to Tamenend, Pa., 17 miles; Tunnel Branch, to Lansford, Pa., 1 mile.
Leased for 999 years to the Lehigh Coal & Navigation Company. Id
1884 the option to purchase the stock at par and interest was suspended
for 20 years, with a guarantee of 5 per cent per annum on stock.
N e w a r k S o m e rse t 8c S tr a its v ille R R . —Owns from Newark, O.,
to Shawnee, O., 44 miles; branch 3 miles. Leased to B. & O. till Nov. 1,
1929, for taxes and 30 p. c. of gross earnings, but minimum rental to be
$40,000. Interest on first 5s due May 1, 1896, was not paid. Stock,
common $795,600, and preferred, $230,900 (par both, $50). $705,550
of the first and $191,850 of the latter owned by Baltimore & Ohio. See
description of mortgage, etc., p. 6, S u p p l e m e n t of April, 1896. In
1895-96 gross, $143,104; net. $7,295 ; rental, $42,931; taxes, $5,814;
loss to lessee, $41,450. In 1894-95 gross earnings, s$123,572; deficit
from operations, $2,015.—V. 63, p. 1008.
N ew bu rg : D u tc h e s s 8c C o iin e c tc n t R R . —Owns from Dutchess
Junction, N. Y.,toMillerton,N. Y.. 59 miles. A reorganization in 1877.
S t o c k , E t c .— Common, $500,000; pref., $600,000: par $50. There
were June 30, 1897, $226,000 coll, trust 5s; $1,164,500 income 6s,
$42,500 of 5 p. c. real estate M. notes and $10,581 bills payable. In
year ending June 30, 1897, gross, $131,058; net, $25,183; interest,
taxes, etc., $23,279; bal., surplus for vear, $1,904. In 1895-6, gross,
$155,688; net, $22,528. (V. 63, p. 556, bg8\ V. 65, p. 568.)
N e w C a stle 8c R e a v e r V a lle y R R . —Owns from Homewood, Pa.,
to New Castle, Pa., 15 miles. In 1896 old lease to P. Ft. W. & Chicago
was transferred to Penna. Co., which purchased the stock in 1895;
rental is 40 p. c. of gross earnings. Dividends in 1896,12 p. c. Gross
earnings in 1896. $189,755; net, $75,545; rental paid lessor, $75,902.
In 1895, gross, $169,433; net, $40,935.
N e w C a ttle «fc S lie n a n g o V a lle y R R . —Owns from Newcastle
Pa., to West Middlesex, Pa., i7 miles. Leased to Nypano RR. till 1982
for rental of 32 p. o. of gross earns., but interest on bonds guaranteed.
N e w E n g la n d R R . —New York New Haven & Hart. RR. owns a
majority of the stock, but road is operated independently, embracing :
L in e s Owned.
M iles,
L e a s ed lin es.
HTSee this C o .j '
Boston to Hopewell JunCj N.Y.215 *Norwich & Worcester RR if... 66
Wicopee to Fislikill Landing... 2 Rhode Island and Mass, roads. 14
Providence to Willimantic...... 58
(temporary agreement.)
Newton to Woonsocket, R. I ... 29 Rockville RR......................... 4
East Thompson to Soutlibridge 18 Providence <fcSpringfield RR.U 28
East Hartfort, Ct., to Springf’d 28 Woonsocket & Pascoag RR. IT) Q
Other lines............................. 12
oper. under temporary ag’t y y
Milford branches....... . ......... 20
Double track......................... 114 Trackage............................... 25
Total, [361 miles owned, 141 m. leased and 26 m. trackage].......528
‘ Company controls, through lease of N. &W.,the Norwich & New
York Transportation Co.’s line of steamers, 125 miles.
H i s t o r y .— A reorganization of the New York & New England, (sold
in foreclosure July 9 ,1S9\) as per plan V. 58, p. 762. Old common
stock paid assessment of $20 per share. Controlling interest in the
stock was acquired in 1895 by the New York New Haven & Hartford,
which owns $11,770,000 common and $1,254,900 preferred stock.
As to modlftcatio 1 of leases, reducing rentals, see report for
1895-96, V. 63, p. 698. This report says that the reductions in rentals
and other charges are expected to overcome the deficit shown in other
years, but that on the other hand large amounts for improvements
must be charged to operating expenses for. some time to come. For
2*2years to June 30,1896, $525,000 had been so charged.
B o n d s .— The consolidated mortgage of 1895 is for $17,500,000 of 5
p. c. bonds; in February, 1897. $5,000,000 of consols had been issued
and stamped guaranteed principal and interest by the N. Y. New
Haven & Hartford RR., “ but if any payment be demanded upon this
guaranty this bond shall, at the option of said guarantor or of the then
holder thereof, be exchanged for a debenture of the guarantor for the
same amount and at the same rate of interest, both payable in like gold
coin for the then unexpired term of this bond.” See V. 64, p. 611. Mortage trustee is Manhattan Trust Co., N. Y. There are $10,000,000
onds reserved to retire N. Y. & New England firsts, undisturbed.
Loans and bills payable June 30, 1897, $100,000.
f
A n n u a l R e p o r t .— Fiscal year now ends June 3 0
Report for 1 8 9 6 ’ 9 7 was given in V . 6 5 , p. 7 2 6 , showing gross, $ 5 , 2 3 7 , 1 9 1 ; net, $ 9 7 6 ,1 0 0 ; other income, $ 8 9 ,8 4 6 ; interest, rentals, etc, $ 1 , 3 ‘ 8 ,0 4 1 ; balance,
deficit for year, $ 2 4 2 ,0 9 5 . In 1 8 9 5 - 6 gross, $ 5 , 9 4 4 , 0 8 1 ; net, $ 1 , 4 3 5 , 1 1 3 . The average freight train load was 2 1 0 tons, against 1 8 1 tons in
1 8 9 5 - 9 6 . - (V. 6 4 , p. 8 3 , 4 2 4 , 6 1 1 , 6 6 4 , 9 5 3 ; V . 6 5 , p. 3 2 8 , 726.)
N e w J e rse y J u n c t io n R R . —Terminal road through Jersey City.
Hoboken and Weehawken, about 5 miles. Leased for 100 years from
June 30,1886, to New York Central which guarantees the bonds abso
lutely and owns $100,000 stock. The mortgage is for $4,000,000. The
National Docks & New Jersey Junction Ry. connects this road with
the National Docks Ry.—See V. 64, p. 518.
N ew J e rse y & N e w Y o r k R R . —Owns from Erie Junction, N. J..
to Garnerville, N. Y., 29 miles: branches to New City, etc., 5 miles; oper
ates to Haverstraw, etc., 14 miles; total operated, 48 miles. Erie RR.
in April, 1896, purchased control. Stock. $1,440,800 common; $787.800 preferred; par, $100. Control is with preferred stock and first*
mortgage till 6per cent has been paid on preferred for three years.
E a r n i n g s — Year ending June 30. 1897, gross, $265,396; n e t ,
$46,823 ; i n t e r e s t , e t c . . $51,033; bal., d e f i c i t f o r y e a r , $4,210. In 1895-6,.
gross, $332,748 ; net, $70,006.—(V. 63, p. 503; V.64,p. 424.)’
N e w L o n d o n N o r th e r n R R . —Owns from New London, Conn., to
Brattleboro, Vt., 121 miles, and leases Brattleboro & Whitehall RR.,
Brattleboro to South Londonderry, Vt., 37 miles.
L e a s e d for 99 years from Dec. 1,1891, to Central Vermont. Therental is $211,000 per annum, which leaves a small surplus after pro
viding for inter., etc., and 9 per cent dividends. Taxes and improve
ments met by lessee, without claim on New London Northern.
D i v i d e n d s .—From 1888 to Jan., 1892, inclusive, at rate o f 7 per cent
per annum; then 2 per cent quarterly to October, 1893, inclusive, and
since to October, 1897 (inclusive). 2*4per cent quarterly.
E a r n i n g s .— Excluding Brattleboro & Whitehall gross for year end
ing June 30, 1897, were $718,955; net $168,421. In 1895-6 gross,
$663,786; net, $256,822.
Mr. Little’s report on Central Vermont (V. 64, p. 606, showed earn
ings of New London Northern and Brattleboro & Whitehall for year
ending June 30, 1896, as follows: gross, $906,277; net, $334,085.
Mr. L.’s deductions for improvements, equipme’t. etc., $23,148; rentals,,
taxes, etc., $243,504; bal., surplus to lessee, $67,433. In 1894-5, gross,.
$859,577; net, $324,250. (V. 61, p. 472 ; V. 63, p. 400.)
N e w O rlea n s 8c N o rth E a ste r n R R . —New Orleans, La., to
Meridian. Miss., 196 miles, all 60 1b. steel rails. Stock is $5,000,000
(par, $100), of which $4,320,000 and $4,900,000 1st mortgage bonda
are held by the Alabama New Orleans Texas & Pacific Junction Ry. Co.,
to which was due July 1, 1897, $1,455,296 on coupon account and.
$740,768 on other accounts.
E a r n i n g s .— Report for 1896-97 was in V, 65, p. 617.
Y r . en d . J u n e 30. Cross.
Net.
Other inc. in terest.
B a la n ce.
1896-97......... $1,313,253 $298,426 $1,236 $379,200 def. $79,538
1895-96......... 1,419,720 366,971 1,115 379,200 def. 11,114
—(V. 65, p. 617).
N e w O r le a n s 8c N o r t h w e s te r n R y . —Owns from Natchez, Miss,
to Bastrop, La., 102 miles. Stock, paid in, $4,500,000; par $100; 25miles of road (Rayille to Bastrop) was completed with proceeds of cer
tificates in 1894. Louis K. Hyde, Titusville, Pa., is now receiver. For
year ending June 30,1897. gross, $130,907; net, $43,120. In 1895-96
not reported. In 1894-5, gross,$128,693; net, $46,707; other income,.
$13,929; charges, $129,493; bal., deficit, $68,857. (V. 57, p. 467.)
N e w O r le a n s 8c S o u th e r n R R . —See Louisiana Southern Ry.
N e w O r le a n s «fc W e s t e r n R R . — (See M a p .)—Owns a belt railroad
encircling the city of New Orleans and connecting with all the rail
roads entering that city. Entrance to business centre is had over the
tracks of the East Louisiana Railroad. Owns a large terminal property^
at Port Chalmette, containing about 2,300 acres, with 80 cotton ware
houses, capacity of 250,000 hales, a grain elevator, etc.
The capitalization is $2,000,000 of first mortgage 5 per cent 50-year
gold bonds (State Trust Co. *<f New York, trustee,) ana $6,000,000 of
common stook; par, $100. $500,000 of the bonds ar^ held ror future im
provements. In February, 1897, a secoud mortgage for $2,000,000
of 4 per cent bonds was authorized, of which $600,000 were issued,,
to fund the floating debt and provide for improvements to terminals
and belt property, and (?) for other purposes. President Chas. B.
Van Nostrand, 36 Wall St., N. Y.—(V. 64, p. 373).
N e w p o r t <fc C i n c i n n a t i O r i d g e C o . — Owns bridge over the
Ohio River from Newport, Ky., to Cincinnati. O Bridge opened 1872“
and rec »n-*tructed lu 1895-96. Louisville & Nashville is under contract
to use the bridge; rental, $115,000 annually.
S t o c k a n d B o n d s .— S t o c k reduced in 1 8 9 5 to $ 1 ,5 0 0 ,0 0 0 , all common.
The new mortgage of 1 8 9 5 , is now the only lien against the bridge. The
Pennsylvania Company owns $ 1 ,3 2 9 ,7 0 0 of the new capital stock.
E a r n i n g s .— For year ending Dec. 31, 1896, gross $120,427; net*$100,291; interest. $51,750; reconstruction, 179,206; balance deficit
$130,665. In 1895, gross, $124,519; net, $96,688; charges, against
income, $63.250; balance, surplus, $33,438.
President (July. 1897), Joseph Wood; Treasurer, T. H. B. McKnight,.
Pittsburg, Pa. (V. 63, p. 1011, 1159.)
Through Connections
«
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T E R M IN A L PROPERTY
or the
N e w O rle ans &
W estern R . R .
OP THE
N e w O rle a n s & W estern R . R*
0
Wharves, Warehouses, Cotton Compresses, Etc.
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/NEW ORLEANS <g>
WESTERN R. R.
MUOW1NO
TERM INAL PROPERTY
AND CONNECTIONS.
96
INVESTORS’
SUPPLEMENT.
("VOL.
LXV.
S u b scrib e rs w i ll c o n fe r a g r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isc o v e re d i n tb e se T a b le s .
J5oncte--Princ iRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal,When D u e .
Par Outstanding Rate per When Where Payable, and by Stocks— L a s t
of
For explanation of column headings, &c., Bee notes of
Road. Bonds Value.
on first page of tables.
Cent. Payable
Whom.
Dividend.
F. B ro o k lyn & M a n h a t. B each— Common stock..
Preferred stock, non-oumulative.......................
1st con. M. (now 1st M.) gold, guar, oy L. I ___ o*
N ew York <6 Canada— Stock...................................
1st mortgage sterling, guar. D. & H. Can..........c*
Debentures, g., guar. p. &i.end. Del. & H. Canal.
N e w Y o r k C e n tr a l A H u d s o n H i r e r —Stock.......
N. Y. C. & H., K $30,000,000 > co;lpon orree 5
lstmort__ t £2.000,000 $ couPon or reg. j
Debt certif’s (N. Y. Central), gold, ext.in ’93.. c&r
Debentures, 1884, mort. priv., non-convert. ..e&r
Debentures, 1889, conv., mort. privilege..........r
Debentures, $15,000,000, gold, 8. f. not dr’n.c&r
Refunding mortgage, $100,000,000, gold__ c&r
N. Y. Chicago <£ St. L o u is — Common stock...........
2d preferred (5 per cent, non-eumulatlve)......
let preferred (5 per cent non-cumulative).......
1st mortgage gold, sinking fund not drawn. .c*&r
Equip, trust, A, gold, $60,000,Sept. 1, yearly.C.
Equip, tr. B, gold $23,000 due yrlyFeb. 15,C c&r
N . Y .d O reen w o o d L . — Prior lien M.,gu.p.&i.byErie.g
N . Y. (£ H arlem — Common, HLj to 12 p. c., guar .
Preferred stock, 11 *2to 12 per cent, guar.......
Consolidated mortgage, coupon or registered..o*
Refunding mortgage, $12,000,000, gold............
N . Y . L a ck a w a n n a <£ Western—Stock, guar. 5 p. ct.
1st mortgage, guar, by Delaware Lack. & West.c*
2d mortgage, guar, by Delaware Lack. & West.c*
3d M. Terminal Imp. (for $5,000,000), gu. p. & i..
N ew Y o r k L a k e E r i e <£ W estern — See E r i e RR.
if.
20
20
$350,000
650.000
A. & O. N. Y., L. I. RR. Co.
5
1.726.000
5 g. A. & O. N.Y., U.S.Mort.&Tr.Co.
4.000.
000
4.000.
000 6 g. m! & *N. London, Baring Bros.
1.000. 000 4^2 g. M. & N. N.Y., D. & H. Canal Co.
100,000,000 4 in 1897 Q.—J. N. Y., Gr. Cent’l Stat’n.
30.000. 000 7
J. & J. N. Y., Gr. Cent. Station.
9,733,333
J. & J. London, Union Bank.
5
g*
500 &e. 6.450.000
4 g. M. & N. N. Y., Gr. Cent. Station,
i,ooo&c 10.000. 000 5
M. & S.
do
do
l, 000&c 1,000,000
5 M. & S.
do
do
l, 000&c 13.194.000
4 g. J. & D.
do
do
1 .0 0 0 & C
do
do
3^ g. J. & J.
100 14.000. 000
100 11.000. 000
100 5.000,000
N. Y., Gr. Cent. Station.
1,000 19.425.000
A. & 0. N. Y., Union Trust Co.
1,000
420.000
M. & S. N. Y., Central Trust Co.
S*
1,000
350.000
5 F.&A 15
do
do
100 & C
1.500.000
& N.
New York.
£■ M.
50
8,646,050 12 in5 ’97
See text N. Y., Gr. Cent. Station,
1,353,950 12 in ’97 See text
50
do
00
l.OOO&c 12,000,000
M. & N.
7
do
do
3*2 g.
ioo 10,000,000
5
Q.-J- N. Y., by Del. Lack.& W.
1,000 12,000,000
6
J. & J.
do
do
1,000 5.000.
000 5
F. & A.
do
do
1,000 5.000.
M. & N.
000 4
do
do
10 0
1885
150 1874
1896
8jo 1873
819 1873
1853
1884
1889
1890
1897
523
523
523
505 1887
1892
1896
53 1896
145
145
136 1872
1897
214
200 1880
200 1883
200 1890
100
100
■ E1 0 0 &C
1,000
100
1,000
1,000
1 ,0 0 0
N e w Y o r k B r o o k ly n & M a n h a t t a n B e a c h B y . —Owns from
Freeh Pond Junction to Manhattan Beach (Coney Island), and branches
to Bay Ridge and Greenpoint, 20 miles, of which 16 miles double track.
L e a s e , E t c .— A consolidation August 27,1885. Leased for 99 years
f r o m May 1,1882, to the Long Island RR. Co. at 35 per cent of gross
earnings, rental guaranteed to be at least 5 per cent on pref. stock.
Bonds.—The mortgage of 1885 is for $2,000,000 and is now a first
lien. (Y. 63, p. 1116.) Trustee is Central Trust Company. The L. I.
RR. has attached to the bonds its unconditional guaranty of principal
and interest in addition to the memorandum as to the lease previously
printed upon them. V. 56, p. 812; Y. 64, p. 234.
N e w Y o r k & C a n a d a R K , - Owns from Whitehall, N. Y., to
Rouse's Point, N. Y., 113 miles; branches. 38 miles.
L e a s e . E t c .— Leased in perpetuity and virtually owned by the Dela
ware & H. Canal Co., which guarantees the bonds, and has $3,774,865
invested in the property, $1,000,000 having been funded in 1896 into
the guaranteed gold debentures. See copy of guaranty, V. 64, p. 181.
C ross.
N et.
Charges.
B a la n ce.
Year to $1896-7........ $937,892 $253,839 $280,703 def. $26,864
June 30. (1895-6........ 915,965
274,612 274,130
sur. 482
—(V. 62, p. 320, 949; V. 63, p. 355, 880 ; V. 64, p. 181, 234.)
N e w Y o r k C e n tral & H u d s o n R iv e r R R . —OSee.Map.;-The sys
tem, clearly shown on the accompanying map, is made up as follows:
L i n e s ow n ed.
M iles . Mohawk & Malone.......... 182
New York to Buffalo........... 442 Carthage & Adirondack__ it 46
Branches............................. 378 Gouverneur & OswegatchieiF 13
L in e s leased. 1f See this co.
New York & Putnam..........it 61
West Shore.........................IF 495 Tivoli Hollow RR......
1
Troy & Greenbush....... . II
6
Spuyten Duyvil & Pt. M ...
6 Total in earns. 1896-97.... 2,395
New York & Harlem........... IF 136
Open'd, earns, kept separate.
New Jersey Junction..........IF 5 Dunkirk A. V. & P............. If 91
Rome Watertown & Og..... tf 624 Beech Creek.....................if 149
The N. Y. Central Division has 287 miles laid with four tracks.
H i s t o r y , &c.—This company was formed by a consolidation o f t h e
New York Central and the Hudson River railroads November 1,1869.
The leased lines have been acquired at various dates since.
C a p i t a l S t o c k .— In May, 1895, $4,571,700 stock was listed on the Ex
change, making total listed $100,000,000; V. 60, p. 874. Dividends
on stock registered in London are payable in gold at 49%d. to dollar.
D i v i d e n d s since 5’85. .’86-89. ’90. ’91. ’92. ’93. ’94. ’95. ’96. ’97
1884. Percent. (3% 4 yrly. 4^ 4*2 5*4 5 5 4*4 4 4
From 1869 to 1884, both inclusive, 8p. c. per annum was paid.
B o n d s .— See description of debentures on page 3 of S u p p l e m e n t of
April, 1895. Of the $11,000,000 5 p e r cent d ebentures due 1904, the
$1;000,000 registered bonds dated in 1889 have a stock conversion
privilege, which debentures of 1884 have not. (V. 60, p. 523.) This
conversion privilege carries the right to receive stock at par, instead of
cash, for the bonds at maturity, i n case the company replaces its first
mortgage bonds due 1903 by an issue of stock.
The deb en tu re 4 p er cents of 1890 are to be included in any new mort
gage, and have a sinking fund of $300,000 yearly (no drawings), which
has reduced them from $15,000,000 to amount in table.
G u a r a n t i e s .— The company guarantees the securities of its leased
lines to a considerable aggregate—see separate statement for each com
pany marked with a IFin the table of mileage preceding. It also guar
antees Western Transit Co. 4^s for $1,000,000 due February, 1903.
G e n e r a l f i n a n c e s .— In April, 1897, the directors entered into a
contract with J. P. Morgan & Co. of New York and J. S. Morgan <fc Co.
of London for the conversion of the outstanding bonds (see table) into
new gold bonds; total issue $100,000,000, of which $15,000,000 to be
reserved for new construction after 1903. The refunding will save
about $1,200,000 per annum in interest charges.—See V. 64, p. 755.
The refunding of the Harlem consol, mortgage is held in abeyance
pending legal decision regarding disposition of saving—see V. 65, p. 46
Earnings.—For 3 months ending Sept^i 30 (Sept., 1897,partly est.) :
3 m o s .to Sep. 30. Gross.
N et.
1st d irg es. D ivid e ids. B a t., 8 nr.
1897, estinrd.$l2,379,0o0 $4,343,000 $2,624,000 r1,000,000 $719 000
1896, actual.. 11,269,899 3,673,132 2,627,Q88 1,000,000 46,044
A n n u a l R e p o r t .— Fiscal year ends Juno 30. Report for 1896-97 w a s
given at length in V. 65, p. 511, 523. See also editorial p. 492. Aver
age train-load 1896-97 was 270 tons; rate per ton per mile 68-100 cent.
Y ea rs end. J u n e 30.
1897.
1896.
i895.
Miles operated June 30__
2,395
2,395
2,392
Freight earnings..............$25,850,731
$25,984,710 $24,268,710
Passenger earnings......... 13,094,619
13,705,021
12,965,112
Miscellaneous earnings
5,3 s i ,789
5,455,236
5,255,715
Total gross earnings...$44,280,139
$45,144,967
$42,489,537
Oper. exp., includ. taxes... 29,648,146
30,455,570
28,810,443
Net income....................$14,631,993
$14,689,397
$13,872,476
Oct. ’97,212%
Oct. 1, 1935
May 1, 1904
May 1, 1904
Oct. 15,’97,1%.
Jan. 1, 1903
Jan. 1, 1903
May 1, 1905
Sept. 1, 1904
Sept. 1, 1904
June 1, 1905
July 1, 1997
Meli. 2, 1896
Oot. 1, 1937
Yearly to 1902
Yearly to 1911
May 1, 1946
Oct, 1/97,2%
Oct. 1/97,2%
May 1, 1900
May 1, 2000
Oct. ’97, 1%%
Jan. 1, 1921
Aug. 1, 1923
May 1, 1923
P a ym en ts—
1897.
1896.
1895.
$5,967,609
$5,888,451
Rentals paid..................... $5,924,736
Interest on debt............... 4,126,490
4,153,776
4,169,245
228,900
224,219
198,983
Taxes on earn, and stock__
Reserved for deb’tures......
300,000
300,000
300,000
Dividends........................(4) 4,000,000 (4) 4,000,000 (4^)4,339,991
Balance fromoperat’n.......
$51,867
sur.$43,793 def.$l,024,194
—(*From profit on sale Clearfield Bit. Coal Co. bonds in 1895; re
bate on taxes in 1894. President, Cliauncey M. Depew’, New York.
-(Y. 65, p. 27, 46, 492, 511, 516, 523.)
N e w Y o r k C h ic a g o
&S t. L o u is R R . —( See M a p o f N ew Y o r k C en
Iral <£ H u d so n R iv er .)— Owns from Buffalo,
N. Y., to Illinois State Line,
except 8miles leased between Dunkirk and Silver Creek, leaving 494
miles; leases the proprietary line, Chicago & State Line RR., 111., State
Line to Grand Crossing, 10 miles; also leases Dunkirk to Silver Creek,
8 miles; total, 512 miles; trackage in Buffalo, N. Y., 1*2 miles, and
Grand Crossing Chicago, 111. (Lake Shore RR.). 9 miles.
H i s t o r y .—Known as the ‘‘ Nickel Plate.” Sold in foreclosure May
19,1887, and present company formed in September, 1887.
S t o c k .— Lake Shore & Michigan Southern owns $6,240,000 common
$6,275,000 2d preferred and $2,503,000 1st preferred stock.
D i v i d e n d s .— On > ’91.
’92. ’93.
’94. ’95.
’96.
’97.
1st pref. in March 33^ p. c. 3
3
4 none. 5 p. c. none.
B o n d s .— A sinking fund of $100,000 per year is provided when net
earnings are $900,000 or upwards, if bonds can be bought at or below
102; if not, the sinking fund lapses for that year, thus leaving $100,000
more for dividends. The original issue of bonds was $20,000,000, and
It has been reduced to present amoimt by the sinking fund purchases.
Statement of road under mortgage in S u p p l e m e n t of Sept., 1 8 9 4 . See
abstract of mortgage.—V. 45, p. 541.
L a t e s t E a r n i n g s .— January 1 to June 30, 6 months :
6 /n os.—
Gross.
Net.
O th.inc. In t.,ta x e s , <£c. B a l.,d e f.
1897......... $2,555,237
$459,215 $3,303
$611,638 $149,120
1896......... 2,765,513 442,779
6,674
591,071
141,618
A n n u a l R e p o r t .— Report for year 1896 was in Y. 64, p. 886. The
road is used principally as a freight line, the earnings from freight in
1896 amounting to $4,639,096 out of the total $5,587,766.
Y ea r en d . D ec. 31—
1896.
1895.
1894.
1893.
Miles operated........
512
512
512
512
Gross earnings........ $5,587,766 .$6,317,950 $5,629,239 $6,787,748
Oper. expen. & taxes. 4,610,161 5,0^9,719 4,671,978 5,479,238
Net earnings....... $977,605 $1,223,231
Net, inc. other income $987,248 $1,236,814
Interest on bonds.... $777,000
$777,000
Equip, trust charges.
112,972
83,000
Rentals...................
94,190
95,507
8inkingfund....................... ......
..........
Div. on 1st pref*.......................
250,000
Balance, surplus.
$957,261 $1,308,510
$964,251 $1,314,829
$777,000 $780,000
86,000
89,000
91,924
92,227
..........
99,460
.......... (4)200,000
$3,086
$31,306
$9,327
$54,142
from earnings of year given are p a id in March
of following year. (V. 64, p. 287, 3 7 1 ,374, 886, 888; Y. 65, p. 278.)
N c iv Y o r k «fc G r e e n w o o d L a k e B y —f See M a p o f Erie, R R .)—
Owns from Jersey City, N. J., to Greenwood Lake, 41 miles, and
branches to Ringwood, etc., 8 miles; Watohung Ry., Forest Hill to
Orange, N. J., 4 m.; total owned, 53 m. Stock, $100,000; par, $50.
L e a s e . —On May 1,1896,was leased to the Erie RR. for 999 years from
May 1,1896, for interest on prior lien bonds, holders of old firsts agree
ing to convert their bonds into prior lien bonds at 50 per cent of face
value and of old seconds at 10 p. c. of face vqlue. In Sept., 1897,
$48,000 of the $1,500,000 prior liens were held to retire old incomes
yet unexchanged. Prior lien bonds are guaranteed, principal and in
terest, by the Erie. See Erie report, V. 63, p. 513, form of guaranty
in V. 65, p. 463. Trustee of prior lien mortgage is N.Y. Security &Trust
Co. of N. Y. (V. 65, p. 463.)
N e w Y o r k & H a r le m R R , —Owns from New York City to Chat
liam, N. Y., 136 miles. From Chatham to Albany, 24 miles, the Bos
ton & Albany Railroad is used. Also owns the Fourth Avenue St. RR.
L e a s e .—The property (except the horse railroad) was leased April 1,
1873, for 401 years to the N. Y. Cent. & Hudson River RR. at 8per cent
dividends on the stock and the interest on the bonds. Refunding the
consol 7s into new gold 3*2 per cent bonds would allow a saving in
interest charges of $420,000 per annum, blit the matter is now in the
courts to determine the disposition under the lease of the saving in
interest charges. The horse road was leased in July, 1896, to Metro
politan Traction Co. for 999 years at $350,000 yearly for 5 years and
$400,000 thereafter. V. 62, p. 1088.
D iv i d e n d s .— The 8 per cent per annum guaranteed is paid semi-an
nually, Jan. 1 and July 1. In addition both stocks have received divi
dends out of the earnings of the Fourth Avenue horse railroad, annually
in April, as follows* From 1882 to 1889, inclusive, 2 per cent yearly;
1890 to 1893, 2^3 p. 0., in 1894 to 1896, inclusive, 3 p. c., in 1897, Apr.,
2 p. c., Oct., 2 p. c., under lease to Metropolitan Traction above men* N o t e .— Dividends
a- Boo Jc.
N
VAN D E R B IL T LINES between N E W YORK and CHICAGO
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NEW YORK CENTRAL & HUDSON RIVER R. R
LAKE SHORE & MICHIGAN SOUTHERN R’Y
NEW YORK, CHICAGO & ST. LOUIS R. R.
MICHIGAN CENTRAL RAILROAD.
Ocmj* *#(¥
@At TI
lu s1H X ri^|,ANN*!
k tU n tir C ity ,
98
INVESTORS’
SUPPLEMENT.
rvoi,. l x v .
S u b s c r ib e rs w i ll c o n fe r a g r e a t fa v o r b y g i v in g I m m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In th e se T a b le s .
B on d s -Prino/
RAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
Due.
Par Outstanding Rate per When Where Payable, and by pal,When
of
For explanation of column headings, &o., see notes of
Stocks —Last
Road. Bonds Value.
Cent. Payable
on first page of tables.
Whom.
Dividend.
$100 $47,636,500 8 in 1896 Q.-M. New Haven, Co.’s Ofiice. Sept.30,'97,2%
Hew York N ew S a v en <e H a rtford —Stock. See text.
2,000,000
4
1.23 1883 1.000&
J. & D. N. Y., Chem’al Nat. Bk. June 1, 1903
1st mortgage (for $5,000,000).........................r
1893 lOO&c. 16,397,200
4
A. & O- N. Y., Lincoln Nat. Bk.
Debentures, exchangeable for stock 1903.......c*
See text.
3,000,000
1897
4
M. & S.
Deben., $10,000,000, ournnoy, non-convert, c&r
New York.
Mar. 1, 1947
50 1869 1,000 1,000,000
7
J. & J. N. Y., Central Trust Co. Jan. 1, 1899
N.Y. Prov. &B. IstM., Prov.to Ston.(assumed).o*
12 1881 1,000
300,000
4
A. & O.
do
do
1st M. (Stonington to New London) assumed.e*
Apr. 1, 1901
1,000,000
4 g. A. & 0.
do
do
Gen’l mort. for $4,000,000, gold, assumed.. cat 62 1892 1,000
Apr. 1, 1942
49 1880 l.OOO&o
200,000
4*2 M. & 8. N. H., Nat. N. H. Bank. Mch. 1, 1910
Shore Line lstM.,N. Haven to N. London, Ct__
B o n d s o p P r o p r i e t a r y , etc., L in e s :
500,000
51 1880 1,000
5 F. & A. N.Y., Lincoln Nat. Bank Aug. 1, 1905
Bos. &N.Y. AlrL. 1stM.,N. H.to Williman.,Ct.e*
25,000
3^ 1877
7
J. & J.
Colohester RR. 1st M........................................
July 1, 1907
36 1880 1,000
500,000 5 & 6 J. A J. New Haven ,Conn.
Danbury & Norwalk con. M. ($100,000 are 6s).c*
July 1, 1920
100
150,000
36
1883
5 A. & 0 .
do
do
Genl. M.,Danbury,Conn.,to Wilson Point, &c.o*
Apr. 1, 1925
12 1873 1,000
2,000,000 6 & 7 A. & 0. N. Y., Cbem’al Nat. Bk. Oct. 1, 1903
Harlem R.& Portc.lstM.guar. ($1,000,000 6s) .cat
12 1881 1.000
1,000,000
4
J. & D.
do
do
2d mortgage, guar. (See V.56,p. 813)....... c*r
June 1, 1911
4
74 1880 500 &c.
100,000
A. & O. New Haven, Conn.
Housatonic old consolidated mortgage..............
Apr. 1, 1910
1882
61,000
5 A. & 0.
do
do
Danbury Branch bonds, eubjeot to call...........
Oct. 1, 1912
80 1887 1.000
2,839,000
5 g. M. & N. N. Y., Farm. L. &Tr. Co. Nov. 1, 1937
New consol, mortgage (for $3,000,000) gold, .c*
4
55 1883 l.OOO&c
150,000
J. & D. New Haven, Ct., Treas. June 1, 1913
Naugatuck IstM., Nauga. June, to Winsted, Ct.r
13 1870 500 <fcc.
225,000
7
F. & A. New Haven, Conn.
New Haven & Derby 2d mort. (now 1st)..........o*
Feb. 1. 1900
575,000
M. & N.
5
do
do
Consol, mort for $800,000............................ o* 13 1888 1,000
May 1, 1918
1888 1,000
480.000
F. & A.
6
do
do
Funded coupon certificates.............................
Feb. 1, 1900
92 1869 1,000
1,300,000
7
j . & j . N.Hav.,N. Tradesm’sBk Jan. 1. 1899
N. Hav.& North. lBt M.,N. H.to ConwayJ.,Mass.e*
1,200.000
A. & O.
6
do
do
Consol, sink. fd. $15,000 per year, not drawn, e 114 1879 1,000
Apr. 1, 1909
27 1881 1,000
700,000
A. & O.
5
do
do
Northern Extension bonds...........................c’
Apr. 1, 1911
700,000
1886 1,000
5 j. & j.
do
do
Deb’tures ext. in ’96, non-conv.,V. 62, p. 548.0*
July 1, 1904
17 1870 1.000
260,000 4 & 6 A. & 0.
do
do
Holyoke & W.,leased, mtges. ($200,000 gu.)..C
Apr.’98&1911
New England—See that company.
Old Colony—See that company.
60,000
6
A. & O.
PawtuxetV.2dM. (1st M. owned byN.Y.N.H.&H 5*2 1880
Apr. 1, 1900
51 1897 1,000
1,500,000
4
A. & O Prov.,R. I. Hosp. &T.Co Oct. 1, 1947
Providence & Worcester 1st mortgage, currency
1880
250,000
Nantasket Beach, 1st mortgage.......................
2*2 A. & O.
Oct. 1, 1900
5,600,000
5 g. J. & D. N. Y. Ofiice «fe London. June 1. 1939
If. T. Ont.dW.— Pon.M.,nowlst,g.,red.at 105 in ’99. c Text. 1889 $ or Jt
tioned annual rental of the street lines is $350,000 (equal to .3a. p. c.
1897.
1896.
18 9 5.
1894.
on stock) for five years from July 1, 1896, and thereafter $400,0OO. Int. on fund. dbt. $883,999
$826,091
$ 6 9 4 ,5 4 8
$464,039
—(V. 64, p. 755, 800, 953, 1001; V. 65, p. 27, 46.)
Other interest...
333,988
660,766
1 1 1 ,9 8 3
126,504
3,450,172
3 ,4 1 8 , 1 0 5
3 ,3 2 2 ,4 0 7
3,379,975
N e w Y o r k L a c k a w a n n a & W e s t e r n R y .—Binghamton to Buf Rentals............
1,647,744
1,492,237
1 ,4 6 4 ,6 0 5
1,409,460
falo and Interaat’l Bridge and branches, 214 miles, of which the main Taxes...............
3,803,516
3,608,542
3 ,7 9 4 ,2 9 0
3,631,293
line, 213 miles, is double track; Delaware L. & W. lias a lease for dura Dividends.........
tion of charter from October, 1882, giving a guaranty of the bonds and
Balance,surplus.sur.$74,729 sur.$58,348 def.$315,302 df.$1.257,615
5 per cent yearly on the stock, bonds and stock being endorsed.
President. Charles P. Clark, New Haven, Conn.—(V. 65, p. 572, 665.)
N e w Y o r k L a k e E r ie A W e s t e r n R R . —S e e E r i e RR. Co.
N e w Y o r k N e w H a v e n & H a r t f o r d R R . —Owns from WoodN e w Y o r k A N o r t h e r n R R . —S e e N e w Y o r k & P u t n a m .
lawn, N
T. Y., to Springfield, Mass., 122 miles; branches to New Britain,
N e w Y o r k O n ta r io & W e s t e r n R y .—(Nee Map.;—Operates
Middletown, New Canaan, eto., 73 miles; New Haven to Providence,
111 miles, and branches, 20 miles; total owned, 326 miles, of which 50 from Weehawken, opposite N. Y. City, to Oswego, on Lake Ontario:
R oa d OwtiednM iles.
miles has four tracks; leases, and for the most part practically owns,
R o a d C on tro lled .d e.
M iles.
lines running to Winsted, Conn., Turnei’s Falls, Mass., Willimantle, Oswego to Cornwall, N.Y.......272 Pecksport Conn, (all owned).. 4
Conn., etc , 471 miles; also leases Providence & Worcester, 48 miles; Branch to New Berlin........... 22 Ont ario Carb, & S. (all owned.)
has trackage into New York, 12 miles, and other trackage, 10 miles;
do to Delhi..................... 17
Hancoek.N.Y.,to Scranton,Pa. 54
Old Colony (which see) 597 miles (since July 1,1893); total 1896,
do to Ellenville............. 8 Rome & Clinton (leased)....... 1(13
1,464 miles; also controls [operated separately] New Englam RR.,559
Utica Clinton & Bing, (leased).1131
miles. A new Station is being built in Boston; see Boston Terminal
Total owned........................319 Wharton Valley (leased)........ 7
Co. in “ Miscellaneous Cos.”
T rackage (till 2079) W. Shore RR.:
ITSee this Go.
---Total operated July 1,1897. .481
H i s t o r y .—A consolidation in 1 8 7 2 of the New York & New Haven C’nwalltoW’h’ken(V.61,p.425) 53
and the New Haven & Hartford. I u years 1 8 9 2 and 1 8 9 3 acquired O r g a n iz a t io n .— The New York & Oswego Midland was sold in foreoontrol of several companies whose bonds are given in table above. closure Nov. 14,1879, and this company organized. The N. Y. & On
See S u p p l e m e n t of Sept., 1 8 9 4 . See also Old Colony.
tario Land Co. was formed in 1889 in its interest and acquired about
In October, 1895, a controlling interest in the stock of the New Eng 855 acres of coal land on which $600,000 bonds were issued.
land RR. was acquired, but that road is operated independently.
Stock.—Stock is $58,118,982, (par, $100), of which $5,000 is old pref.
In 1895 acquired the entire stock of the Fall River SS. line and 18,233
Voting Trust.—The preferred was originally $2,000,000, but all ex
out of 25,000 shares of the Providence & Stonin gton Line.
E lectric Railxca- s .— In 1895 control was acquired of the Stamford cept $5,000 has been exchanged for bonds under act of June 8,1885.
The
exchanged preferred stock is held alive under a voting trust and
St. Ry. and the Meriden Electno Ry. Electric railway between Hart
elects eight of the thirteen directors under a provision of the “ Articles
ford and New Britain, 10 miles, was opened in May, 1897.
of
Association,”
until a dividend shall have been earned and paid upon
C a p i t a l S t o c k .— S t o o k a u t h o r i z e d , $ 10 0 ,0 0 0 ,0 0 0 .
I t m a y b e is s u e d
common stock. The voting trustees elect directors in the interest
for im p r o v e m e n t s , b u y i n g s t o c k s a n d b o n d s o f le a s e d r o a d s , & c .; the
of
the
common
stock.
See V. 61, p. 425. 426, and editorial, V. 65, p. 495.
$ 1 6 ,3 9 7 , 2 0 0 w i l l b e n e e d e d t o t a k e u p t h e c o n v e r t i b l e d e b e n t u r e s in
B o n d s , Etc.—The mortgages cover 319 miles of road owned, and all
1 9 0 3 . (V . 5 0 , p . 2 8 9 , 3 7 3 , 5 7 9 .) O n O c t . 1 , 1 8 9 5 , a d d i t i o n a l s t o c k
for $ 9 ,5 0 0 ,0 0 0 w a s is s u e d , b e i n g o f f e r e d t o s t o c k h o l d e r s a t p a r . P r o securities of Ont. Carb. & Scran. Ry., 54 miles, are owned and pledged
c e e d s o f t h i s s t o c k a n d o f $ 3 ,2 4 7 ,2 0 0 a d d i t i o n a l d e b e n t u r e s , $ 1 2 ,7 5 0 ,- under the mort. For con solidated m ortgage of 18$9 see abstract V. 49, p.
0 0 0 c a s h In a l l , w e r e u s e d t o c o m p l e t e i m p r o v e m e n t s , f o u r - t r a c k i n g , 238. The r e fu n d in g m ortgage secures $20,000,000 of 4 p. cts., of whioh
$5,500,000 to retire $4,000,000 sixes (paid Sept. 1, ’92), $7,000,000 to
e t c . S e e V . 60, p . 1 1 0 5 ; V . 6 1 , p 5 5 9 .
$5,600,000 consol. 5s, balance for improvements, &c. The mort.
D iv i d e n d s .— ) 1873-1893.
1894.
1895 to Sept., ’97, (lncl.) retire
covers all the company’s property, real and personal, acquired and to
Per cent, s 10 yearly.
9
8 (2 per cent quar.)
be
acquired;
mortgage trustee is The Mercantile Trust Co. The 5 per
B o n d s .— The con vertible d eb en tu res of 1893 for $15,000,000 are ex cent bonds are redeemable in and after 1899 at 105 and accrued in
changeable at option of holder “ on April 1,1903, or within 60 days terest.
There
are $75,000 Wharton Val. guar. 5s, due 1918.
thereafter, and no longer,” for company’s stock at par. If not then
C a r T r u s t s .—June 30,1897, there were car trusts for $101,704
exchanged they will be paid in cash April 1,1908. See V. 55, p. 1035.
Amount of debentures listed on N. Y. Stock Exchange to July, 1897, (including interest) part maturing monthly to April, 1898. and part
$16,437,500. See description on page 4 S u p p l e m e n t of April, 1895. being 5 p. c. car trust notes to Guaranty Trust Co. of N. Y., payable
Holyoke & Westfield bonds for $200,000 carry 4 p. c. and mature April quarterly to February, 1899; loans and bills payable were $250,000;
1,1911; $60,000 carry 6 p. e. and mature April 1,1898. Non-convert loans and bills receivable were $1,030,167.
ible currency debentures for $10,000,000 were aut horized in April, 1897.
E a r n in g s .— 2 months,
1 1897........Gross, $794,813; net, $269,344
Under the lease New Haven road “ assumed” the debt o f Old Colony
July 1 to Aug 31.
( 1896....... Gross, 796,250; net, 290,139
road. There are $200,000 rolling-stock certificates and certificates of
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual m e e tin g last
Indebtedness of the Housatonic RR., due in 1899.
Wednesday
in
September.
for 1896-97 was given at length in
In February, 1897, $5,000,000 New England consol. 5s had been guar V. 65, p. 511, 520: see alsoReport
editorial, p. 520. Coal traffic in 1896-97
anteed, prin. and int. (stamped)—see guaranty V. 64, p. 611,
was 1.653,596 tons (out of 2,492,056 tons), against 1,673,861 tons
L e a s e d L in e S t o c k s .—The stocks of the leased lines unexchanged in 1895-96, 1,715.991 tons in 1894-95, 1,642,063 tons in 1893-94,
on June 30,1896, and the dividends payable thereon are shown below, 1,352,225 tons in 1892-93,1,120,416 tons in 1891-92, and 811,485 tons
the shares being all $100 each excepting Danbury & Norwalk, whioh in 1890-91.
are $50 each. The leases are for 99 years.
Year en d in g J u n e 30.
1897.
1896
1895.
U nexD iv id ’d D i v i d ’d Gross earnings..................... $3,894,403
$3,779,335
$3,669,113
Stocks —
Total issu e.
chanffed.
p e r an. p erio d . Operat’g expenses and taxes. 2,780,497
2,642,412
2,698,558
Berkshire............................... $600,000 $599)000 6 p. c. Q.—J.
B. & N. Y. Air Line pref.........2,998,500 1,404,000 4 p. 0. A. & O.
net earnings__ $1,113,906
$1,080,777
$1,026,701
do
do
common.. 864,231
861,231 Pays no divid’d. Tot.Balance,
net income, incl. “ other.” $1,196,706
$ 1 ,1 6 2 ,2 4 2
$1,101,791
Danbury & Norwalk.............. 600,000
153.600 5 p. o. J. & J. Interest
on
mortgage
bonds..
609,055
605,000
589,000
Housatonic pref..................... 2,875,800
152.600 1 p. 0. July.
interest and discount
4,478
371
5,275
Naugatuck............................ 2,000,000 1,027,800 10 p. 0. J. & J. Miscell.
Rentals
paid........................
183,263
181,302
181,133
N. H. & Derby....................... 447,000
93,400
4
J. & J.
N. H. & Northampton (2)....... 2,460,000
56,500
4
A. & O. Balance, surplus.................. $399,910
$375,569
$326,383
Old Colony........................... 16,308,900 10,790,900
7
Q.-J.
President, Thomas P. Fowler-—(V 65, p. 511, 520, 621.)
Pawtuxet Valley (par, $(!)).. 100,900
100,900
0
. J. & J.
Stockbridge & Pittsfield........ 448,700
447,200
5 * Q.-J.
New Y o r k A O t ta w a R R . —Incorporated in July, 1897, and ac
(2) Since April, 1896, pays 4 per cent; formerly 3 p. c.
quired the Northern New York RR., Tuppers Lake to Moira, N. Y., 56
G e n e r a l F in a n c e s .— In April. 1897. the sale of a block o f debenture miles. Under construction from Moira via Cornwall, Canada to Otta
4s (out of $10,000,000 issue) and $5,000,000 guaranteed New England wa, 72 miles, including a bridge over the St. Lawrence. It is expected
5s was authorized and October, 1897, “ every note of the company had to have the entire line from Tuppers Lake to Ottawa, 128 miles, in op
eration early in 1898. Connection is to be built, from Tuppers Lake to
been paid.”—see V. 05, p. 564; V. 64, p. 374,‘664.
North Crook on the Delaware <& Hudson’s road. Capital stock to be
A n n u a l R e p o r t .— Fiscal year ends June 30. Annual meeting is $3,000,000, and bonds are to be issued at $10,000 a mile. Chairman
held third Wednesday in October. Report for 1896-97 was in V. 65, p. is George Foster Peabody; Fiscal Agents, Spencer Trask & Co. (V. 65,
665, and President’s remarks on page 564. Figures include Old Colony. p. 152, 412, 572.)
Y r . en d . J u n e 30.
1897.
1896.
1895.
1894.
Miles operated..
1,447
1,447
1,447
N e w Y o r k & P e n n s y lv a n ia R R . —Oswayo, Pa., to Rexvllle,
1,447
Gross earnings..$29,623,333 $30,345,630 $27,901,735 $25,576,884 N. Y.. 28 miles extension to Canisteo, 14 miles, completed in Novem
Net earnings
9,580,077
9,208,403
8,837,708
7,644,175 ber, 1896; total, 42 miles. From Canisteo will reach Hornellsville over
614,071
Otherincome__
855,685
234,825
109,480 Erie RR. Stock, $500,000 (par, $100). Year ending June 30,1897,
gross, $28,821: not, $9,375; charges, $6,028; balance surplus for year.
Tot.netincome$10,194,148 $10,064,089 $9,072,533 $7,753,656 $3,347. See V. 62, p. 1178.
as
}L.GemgrJ$
as
ROME
.Sterling
IOCKCS.TCR
M IC H ,
SHOR E
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hinand aig uaj
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7“
Raster
Schenectai
V
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TROY
od
NuiuU
'SpHngvMe
Norwich
14brrty
I ® 001 /
paytoG
Norton
Machii
A sh ford,
Elliott*
Mayvl!h
Jformdh* V
Little V>
Hunter
d-ncreh
.y o * » 9 « j.
Joinontown
Bingham
PlMMt
ittt® dm
Bradford
Kingston
tirwat
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Sheffield
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'MOWTHItkto
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PONTON
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Oakland?
tVlVfitJltetffln!
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MAP OF TIIK
N ew Y ork,
Ontario & w estern
3
RAILWAY & CONNECTIONS.
It
Cfcrtftybem
J
fliranch \*\
4-
tm&wM'v Wite*
Str«deS*Ofgh£
PeamHaven
IAlien CMOS*
Newark
iwbetyk
too
INVESTORS’ SUPPLEMENT.
| V ol , L X Y .
S u b s c r ib e rs w i l l c o n fe r a srreat fa v o r b y srivln s Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d In th e se T a b le s .
B o nds—Princi
INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date
Amount Rate per When Where payable, and by pal,^When Due.
Par Outstanding
of
For explanation of column headings, <fec.,see notes of
Stocks— Last
Road. Bonds Vcalue
Cent. Payable
Whom.
on first page of table.
Dividend
<£•W estern .—(C on clu d ed .) —
Refunding mortgage for $20,000,000. gold.. .o*&r Text.
N . T. O ntario
1892 l,000&c $8,375,000
4 g. M. & S. N. Y. Office, 56 Beaver. June 1, 1992
1896 100. Ac.
380,000
6
J. & J Hornellsville.N.YLoffice
ii2 1883 1,000
1,848,000
6 g. J. <fc J. Pliila., Cassatt <fc Co. Jan. 1, 1923
1,000,000
j. & j.
Income mort., gold, non-cum., $10,000 per mile.r 112 1883 1,000
6
Oct. 1. 1938
1,200,000
57 1887 1,000
New York City.
N . r. ct P u t n a m — H. Y. A No. 1st mortgage, gold.c
5 g. A. & O.
Oct. 1, 1927
4,025,000
57 1894 1,000
N. Y. A P. 1st eon., $6,200,000, g„ gu. p.<fci. end,.o*
4 g. A. <fc O. N.Y., Gr. Cent. Station. Oct. 1, 1993
1887 1,000
984,000
N. r. d P ock . B 'h . —1st M., $1,000,000, gold, gu..c*
5 g. M. «fc S. N. Y., U. S. M A Tr. Co. Sept. 1, 1927
1,000.000
Jan. 1
1887 1,000
5
None paid.
Income bonds, non-cumulative......................... r
Sept. 1, 1927
100 12,951.100
N . Y. Susquehanna J West.— Pref.stock (See text)...
N.Y.,Of. 26 Cortlandt 8t Nov. 27, 1893
500&C.
72
1880
3,500,000
A.
&
0.
do
do
Apr. 1, 1910
Midland RR. ol N. J, lstmortgage, gold..........c‘
6 g.
250,000
Paterson Extension RR. 1st M., real estate, g..c*
do
do
June 1, 1910
1 1881 1,000
6 g. J. & D.
3,750,000
do
do
N. Y. Bus.<fc W. 1st M., refdg, g. (2d M on 73ni.).c* 134 1887 1,000
5 g. j. & j .
Jan. 1, 1937
453,000
do
do
2d mort. ($1,000,000 gold) 3d M. on 73 miles.o* 134 1887 1,000
Feb. 1, 1937
A^g. P. A A.
2,547,000
General mortgage for $3,000,000, gold..........c* 134 1890 1,000
do
do
Aug. 1, 1940
* g. F. <fc A.
404,000
M. & N.
1895 1,000
Collateral trust bonds, subject to call, cur.....
6
do
do
May 1, 1905
1893 l.OOOAc 2,000,000
M. & N.
Terminal 1st mort. for $2,000,000, gold....... c*»fcr
do
do
May 1, 1943
266,010
I g3,000,000
65 1892 1,000
do
do
Wilkesb. & East’n, 1st M.. gold, gu. p. & i. (end.)c*
June 1, 1942
5 g. J. & D.
1897 1,000
475,000
6 g. M. & S.
New York Office.
Busci. Connect. RR, 1st M. g.,red. at 105, guar o
Mar. 1, 1907
91 1882 $ A &
1,457,500
N . Y. Texas <6 M ex.— 1st. M.,g.,$or £,gu.by So.Pac.c*
4 g. A. & O. N.Y..S.Pac.Co.; London. Apr. 1, 1912
110 1889 1,000
1,320,000
N o rfo lk <f: C arolina— 1st M. for $1,500,000, gold.c*
5 g. A. & O. N. Y., Central Trust Co. Apr. 1, 1939
300,000
5 g. J. & J. Balt. SafeDep. &Tr. Co. Jan. 1, 1946
2d mortgage, $500,000. gold.......................... c” 102 1896 1,000
100
104 __
2,000,000 4 in 1897 Q.-J. N. Y., Atlantic Tr. Co. Oct. 11,’'97,1%
N o rfo lk ct Southern —Capital stock........................
1,000
750,000
do
do
1st mortgage. $10,000 per mile, gold............... o* 104 1891
5 g. M. & N.
May 1, 1941
N o r fo lk Y a . B each dk So. —1st M„ gold, red. at 105.
18 1896 500 &c.
500,000
5 g. M. & S. N. Y., Guaranty Tr. Co. Sept. 1, 1946
N o r fo lk & W e ster n R y . —
100 66,000 000
100 23,000,000 1 p. c. in Nov. ’97 N. Y„ Off., 40 Exeh. PI. Nov.15/97,1%
—
Adjustment pref. 4 p. c. non.cum. $24,500,000..
New Y ork J Ottawa R R .— 1st M., $3,000,000..........
N ew Y ork it P en n sy lv a n ia —1st M., $420,000........
N . r. Pliita. ct N o rfo lk — 1st M„ $16,500 p. in., soM.c-
—
for $500,000 was issued to pay off floating debt. Of these bond 8
Ntpano RR.
Sc N o r fo lk R R . —Delmar, Dal., to $96,000 had been retired by sinking fund to Dec. 1,1896.
Earnings.—2 mouths, >1897..... Gross, $393,329; net, $180,554
Cape Charles, Va., 95 m., and King’s Creek, Md., to Cristield, L7 miles.
378,917; net, 166,721
July 1 to Aug. 31.
5 1896.....Gross.
B ottomry mortgage $60,000. On June 30,1896, there were matured
Report.—Report for 1896-97 in V. 65. p. 409, 511, showed on 162
interest coupons unpaid held by Penna. RR., $1,061,610, bills payable
miles (i. e. excluding the Wilkesbarre & Eastern):
$138,618. Stock, $1,714,375; par, $100.
Fiscal y e a r end s J u n e 30.
1896-97.
E a r n i n g s .— 5 1 8 9 6 ........................................ g r o s s , $ 9 4 5 ,8 3 3 ; n e t , $ 2 0 0 ,2 3 1
1895-96.
1894-95.
Gross earnings........................ $1,819,253
Y ear.
* 1 8 9 5 .........................................g r o s s , 9 1 2 , 5 3 3 ; n e t , 2 0 1 , 9 1 4
$1,836,799
$1,753,353
Neteamings........................... 768,566
806,942
586,847
N e w Y o r k Sc P u t n a m R R . —Owns 155th Street and 8th Ave., Other income.........................
44,441
*56,083
23,527
N. Y. City (terminus Manhattan Elevated), to Brewsters, N. Y., 54 miles;
double-track branch to Yonkers, 3 m.; operates 4 m.; total, 61 miles.
Total................................. $813,007
$863,025
$610,374
665,777
669,618
$624,900
H is t o r y .— Successor to the N. Y. & Northern, sold under foreclosure Interest on bonds........„..........
28,706
26,703
26,703
of 2d mort. Dec. 28, 1893, and purchased for N. Y. Central & Hudson Rentals...................................
50,774
50,096
47,499
River RR., which operates it under lease—see V. 63, p. 754, 820, 1159. Taxes......................................
26,813
26,296
52,649
Miscellaneous........................
S t o c k .— Capital stock is $6,500,000; par, $100.
Bonds.—The N.Y. Central guarantees $5,000,000 of new consol, mortBalance...........................sur.$40,937 sur.$90,312 tdf.$141,376
age bonds, of which $1,000,000were reserved for improvements; also
'N o t e . - Other in co m e iu 1895-96 in clu d e s $33,951 fr o m in te re s t o n
1,200,000 to retire at maturity the first 5s.—(V. 63, p. 754, S 20, 1159.) b o n d s o w n e d , $15,085 s a le of! o ld m a te ria l a n d $7,0 48 fr o m re n ts, e t c .
t This deficit is attributed to the partial suspension of coal transpor
N e w Y o r k Sc R o c k a w a y B e a c h R y .— (S ee M a p L o n g Is la n d R R .)
-Owns from Glendale Junction co Rockaway Park, with branch, 12 tation during the months of June, July, August and September, 1894.
miles, of which 10*31 miles double track, mostly 80-lb. steel; leases,
T h e S y s t e m .— Earnings for the whole system, 2 2 8 miles, were :
1-93 miles; total. 13*93 miles; trackage to Long Island City, Brook In 1896-7 gross............ $2,248,822 |Net income.................. $1,015,034
lyn, Far Rockaway, etc., 18 miles. Stock authorized and outstanding, Net.............................. 970,478 Fixed charges..............
926,596
$1,000,000; par, $100. Controlled by Long Island Railroad Company, Other income...............
44,556 I Balance, surplus.......................... 88,438
whose endorsement is printed on tirst mortgage bonds. For year
D
ir
e
c
t
o
r
s
.—
(Re-elected
Sept.,
1896.)—
President
Amos
L.
Hopkins,
ending June 30, 1897, gross, $216,897; net, $42,385; interest, $49,- Simon Borg, H. O. Armour, Thos. A. Mdntyre, C. C. Cuyler, G. A. Ho
200; bal. deficit, $6,815. In 1895-96, gross, $256,127; net, $64,- bart. Henry Sanford, Roswell Eldridge. H. B. Plant, Gustav E. Kissel,
961; other income, $2,700; interest on bonds, $49,200; balance,
surplus, $18,461. In year 1894-95 gross, $231,860; deficit from oper G. W. Young, C. J. Lawrence, W. L. Bull.—(V. 65, p. 409, 511.)
ating (large expenses for improvements being charged against earn New * o r k Texas Sc M exican R y .—(S ee M a p o f S ou th ern
ings), $6,833. (Y. 61, p. 469,1155; Y 63, p. 651; Y. 65, p. 618.)
P a cific.)— Owns from nosenberg to Victoria, Texas, 91 miles. Stock,
"Jew Y o r k S u s q u e h a n n a Sc W e s t e r n R R . —Operates direct $630,040, of which Southern Pacific Company owns $608,000. There
line from Wilkesbarre and the Wyoming Valley coal fields to Jersey are also $60,500 old sixes outstanding Operated by the Southern
Pacific Co., which guarantees the 4 p. 0. bonds.
City opposite New York City, with branches, a total of 227 miles:
E a r n i n g s .— 7 months, >1897......... Gross, $161,048 ; net, $58,453
L in e s ow n ed i?i f e e .
M iles.
L i n e s leased , etc.
M iles.
Jan. 1 to July 31.
51896........ Gross, 110,526; net, 24,885
Jersey City to Gravel PL, Pa. .101 Middletown Un. & Water GapTF 15
[Double track 19 miles.]
Wilkesbarre & Eastern—
In year ending Dec. 31, 1896, gross, $298,997; net, $143,024.
Two bridges, N. J., to Unionville 21
Wilkesbarre to Stroudsburg.. 65 In 1895 gross, $235,192; net, $77,657; deficit under taxes and
Other branches...................... 17 Trackage, etc......................... 9 charges, $29,648. Due Southern Pacific Co. Jan. 1,1896, $630,670.
N o r fo lk Sc C a r o lin a R R . —Owns from Norfolk, Va., to Tarboro,
Total road operated (TTsee this co.) June 30,1897.....................228
N. C., 101 miles; branches, 9 miles; trackage to Rocky Mount,17miles.
H i s t o r y .— Consolidation in June, 1881, of the Midland of New Jersey Opened April 1, 1890, and forms a part of the Atlantic Coast Line,
and other railroads and on April 25,1893, with the Hudson River RR. which owned $997,500 stock on June 1, 1897. Stock, $1,500,000; par,
&Terminal Co. The Wilkesbarre & Eastern, completed in 1894, and $100. The 2d mortgage for $500,000 was made in January, 1896, to
controlled by ownership of stock, affords independent access to the the
Safe Deposit & Trust Co. of Baltimore, trustee. V. 62, p. 186.
anthracite coal fields. The New Yrork & Wilkesbarre Coal Co. was In year
June 30, 1896, gross, $492,412; net. $186,432; other
formed in its interest in 1893 to acquire coal lands and issued $450,- receipts,ending
$1,301; interest, $80,309; taxes; $11,500; dividends (3 p. c.),
000 of 6 per cent 1st mortgage bonds. The N. Y. S. & W. Coal Co. in $45,000; bal.,
surplus
the year, $50,924. In 1894-5, gross, $392,Nov., 1896, had outstanding first 6s due 1912, M. & S., for $493,000 332; net, $117,242.—V.for
62, p. 186.
and 2d mtg. 5s for $510,000; the latter bonds are pledged under the
N
o
r
fo
lk
Sc
S
o
u
th
e
r
n
R R . —Owns Berkely, Va., to Edenton, N. C.,
coll, trust of 1895.
Susquehanna Connecting was organized in 1897 to build about 22 73 miles; (ferry across Albemarle Bound to Maokey’s Ferry, 9 miles;)
thence
road
to
Belie
Haven,
30 miles; total main line, 103 miles.
miles, and connect with Wilkesb. & Eastern at Winton and has issued
$500,000 of bonds guaranteed by N. Y . Susq. & W.; $25,000 are re H is t o r y .— Successor to Norfolk Southern, foreclosed April 29,1891.
deemed at each interest period. (V. 65, p. 409.)
D iv i d e n d s .— July, 1892, to Oct., 1897, incl., at 4 p. c. per annum.
In 1895 there were important changes in the directory and Amos L.
R e p o r t .— Fiscal year ends June 30. Earnings have been as follows:
Hopkins was made President. Tue floating debt was then taken care
Gross.
Net.
Other In c . C harges. S u r. to r d iv .
of. (Y. 60, p. 874,1010,1059, ana; “ Directors” below.
1896-7..............
$457,918 $126,543 $2,*694 $38,732 $90,505
S t o c k .— A u t h o r i z e d n e w p r e f e r r e d , $ 1 3 ,0 0 0 ,0 0 0 ; n e w c o m m o n , $ 1 3 ,- 1895-6.............. 453,442
131,208
5,181
40,985
95,404
0 0 0 ,0 0 0 ; o u t s t a n d i n g , p r e f e r r e d , s e e t a b l e ; c o m m o n , $ 1 2 ,4 5 1 , 0 0 0 .
1894-5.............. 436,595
154,629
2,042
*57,078
99,593
D iv i d e n d s .— > Nov., 1891, to 1893.
None
In each year paid dividends of $80,000.—(V. 63, p. 600.)
On pref., p. ct. 5
2^ yearly.
since.
N o r fo lk V ir g in ia B e a c h Sc S o u t h e r n R R . —Norfolk to Vir‘
B o n d s .— The issue of r e f u n d in g m ortgage bonds is limited to $3,750,Beach, Va.,’18 miles. Owns Princess Anne Hotel and 1,300 acres
000. Of the gen era l mortgage 5s, bonds are reserved to retire the ginia
land at Virginia Beach. A reorganization of the Norfolk Albemarle
second mortgage 4^s. Bee mortgage abstract, V. 52, p. 84. The of
&
Atlantic
RR.. foreclosed in 1896. See V. 62, p. 909 and 1178. Stock,
secon ds are exchangeable for genei'als on payment of $60 per bond. $1,000,000. First mortgage is for $500,000; trustee, Guaranty Trust
On N. Y. Stock Exchange $2,547,000 generals listed to October, 1897. Company, N. Y. Alfred Skitt, New York, President; J. Carstensen,
The term in a l bonds listed in Sept., 1893, (U. S. Trust Co., trustee) are
an absolute first mortgage on the extensive terminal property obtained Secretary and Treasurer. V. 63, p. 459.
N o r fo lk Sc W e s t e r n R y .—This system consists of the following
from the Hudson River RR. & Terminal Co. and on all improvements
to be made thereon. They thus cover 3 miles of road, of which about
R oa d ow n ed.
M iles.
M iles.
ene-thirdis a double-track tunnel under the Palisades, completed iu Norfolk. Va., to Columbus, O..710 Roanoke to Winston............ 124
May, 1894 ;See V. 58, p. 866), and 62 acres of terminal property on the Radford, Va., to Bristol, Tenn.107 Sundry branches................... 131
Hudson, opposite 96th St.,N. Y. City. See abstract of mort. V.57,p.512. Roanoke, Va., to Hagerstown.238
The W ilkesba rre dk E a stern 1st 5s (Guaranty Trust Co., formerly N. Y. Graham to Norton.................100
Total of all June 30,1897..1,570
G. & I. Co., trustee) are unconditionally guaranteed.—V. 60, p. 481.
Nor. Car. June, to Iron Ridge. 45 Double track........................ 54
The New Jersey Midland junior securities are exchangeable into Lynchburg to Durham, N. C.- 115
stock of this company on certain terms, and have mostly been so O r g a n iz a t io n —This R a ilw ay company on Oct. 1, 1896, succeeded to
exchanged. Paterson extension 6s for $25,000, included iu table, are the property and franchise of the Norfolk & Western RR. sold in fore
held by sinking fund trustees. There are also outstanding $70,000 closure under the 100-year and Maryland & Washington division
Passaic <fcN. Y. RR. 6s, due 1910 (int. J&D), interest on which is guar mortgages and of the Lynchburg & Durham RR. foreclosed under its
anteed under 999-year lease.
first mortgage, and subsequently also of the Roanoke & Southern fore
General Finances.—In July, 1895, a car trust for $366,308 was closed Nov. 24.1896, and merged in N. & W. The reorganization p la n
made to the RR. Equipment Co., payable $4,361 monthly for 7 years; was in V. 62, p. 641. The old stock paid an assessment of $12 5
outstanding as in table. In 1895 the ton-year collateral trust mortgage per share, the old common receiving 75 per cent and the old preferre
N e w Y o r k P e n n s y lv a n i a Sc O h io H R . —See
N e w Y o r k P h ila d e lp h ia
§
KA1LROAD
O c t o b e r , 1M»7.)
STOCKS
AisD
101
BONDS,
S u b scrib ers w i ll c o n fe r a g r e a t fa v o r by g i v in g Im m e d ia te n o tic e o f a n y e rr o r d isco v e re d i n th e se 'Tables
IN T E R E S T O R D IV ID E N D S .
R A IL R O A D S
. I
. ----------------------------- _ _
_ — _s-------------------------- M iles D a te S ize, o r
F o r e x p la n a tio n o f colu m n h ea d in g s, A c., see n otes
of
of
Par
o n first p a g e o f ta b les.
' R oa d . B on d s V a loe.
; $1,000
. 1.000
100 Ac.
100 Ac.
$ 1 9 8 ,0 0 0
2 9 0 .0 0 0
2 7 0 ,5 0 0
2 5 2 ,8 0 0
j 1,000
1,000
100.000
100,000
1,000
980.000
J u ly 1 , 1 90 0
J u ly 1, 1 900
J u ly 1. 1 90 0
Jan . '9 8 -1 9 0 0
J u ly 1, 1 900
J u ly 1, 1 90 0
10,9 00
1,000
1,000
1,000
1,000
1,000
1,000,000
7 .2 8 3 .0 0 0
2 , 000,000
5 .0 0 0 .
000
5 .0 0 0 . 0 0 0
o n ly I f n eoes
X one.
5 0 0 A c. ,4 2 3 .1 9 9 ,4 0 0
8 0 0 .0 0 0
500
1,000
2 5 6 .0 0 0
1,000
2 5 3 .0 0 0
100
4 .0 0 0 .
000
1,000
5 9 0 .0 0 0
1,000
9 0 8 .0 0 0
50
4 ,7 2 0 ,7 5 0
1 .5 0 0 .0 0 0
5 0 0 A c,
4 .5 0 0 .0 0 0
issued
1.200.000
Bonds—P rtn el
p al. W hen D a e "
Stocks—L a st
D iv id e n d .
S ee te x t.
Y'., Mereant.. Tr. Co.
June
Moll.
M ay
A p r.
F ell.
N ov.
3 0 ,1 9 0 0
1, 1 900
1, 1931
1, 1 9 3 2
1, 1 934
1 . 1 93 9
N ew Y o r k .
1 916
. X .Y . M e rca n tile T r. Co. O et.
, 1 99 8
X .Y ., A tla n tic T ru st C o. Jan . 1, 1 922
1
.............
Ju.’98Jan.'0S
.................
B u rlin g to n , X . C.
San F ra n ., C o .'s Office.
do
do
P hils. O f., 2 4 0 So. 3d S t
do
do
do
do
do
do
J a .'9 3 -O o t. '0 2
A a g .,’ 9 7 ,8 %
N ov. 1, 1901
J a n . 1, 1 912
A u g .2 5 ,’ 9 7 ,2 %
M ay 1, 1 938
J a n . 1 , 1 90 3
S ept. 1 . 1 9 0 5
2 8 0 ,2 5 7
N o r fo lk A W e s te r n H a llw a y (C o n c lu d e d ).—
1 1 2 % p e r c e n t tn n e w c o m m o n s to c k . T h e n e w p re fe rr e d
m iles; lea ses to San Q u en tin . 3 m ile*; tota l o p e ra te d , 9 4 m iles, In clu d
in g fe r r y t o Sail F r a n c is c o , 6 m iles; at*o ha* fe rry to San Q u en tin . 11
mite*- S to c k a u th o rize d . $ 3 ,0 0 0 ,0 0 0 : issu ed , $ 1 ,5 0 0 ,0 0 0 ; p a r, .$100.
to old bondholders.
F o r y e a r e n d in g J a n e 3 0 .1 8 9 7 , g r o ss , $ 3 1 8 ,1 3 0 ; n e t. $ 1 1 8 ,9 0 1 ; in te r
T h e N o r fo lk A W estern Ilk. * i . a r e o r g a n is a tio n in 1 38 1 a fte r fo r e
c lo s u r e s a le o f th e A tla n tic M ississip p i A O h io, w h ic h in tu rn w a s a ! est, $ 1 0 ,8 0 0 ; ta x e s . $ 1 2 ,6 0 7 ; b a la n c e , s u rp lu s f o r y e a r, $ 2 5 ,4 9 7 . In
ititS id eaud V
a . A1
A T e n n .r o a d s , i 1 8 9 3 -0 g ro ss , $ 3 3 3 ,3 6 5 ; n e t, $ 8 6 ,2 9 1 .— V. 6 3 , p. 4 0 0 .
consolidation of Norfolk A Petersburg. SoutbSIdeaud
Va.
w «m
is s u e d
-1
S t o c k .—P r o v isio n s o f p re fe rr e d *to k <-r t lflc a t . - w ere glv eit In S t :iN o r t h P e n n s y l v a n i a It It, —O w n s fro m P h ila d e lp h ia , P a ., t o
o f A p rii, 1 8 0 7 , p a g e 4, said s to c k b e in g 4 >, e . n o n c u initiative- B e th v b e m . P a., 5 8 m ile s; b ra n ch e s t o D e la w a re R iv e r, A c .. 3 0 m iles;
w ith -preference as t o a ssets and d iv id e n d s , a n d w ith r ig h t d u rin g the s e co n d tra ck , ,71% m iles; t o ta l tra ck , 2 1 7 m iles.
G ro u n d re n ts
flr r tllv e s ea rs t o e le c t t w o -t h lr d s u fth o d ire cto r* uni*'-* th ree fu ll y e a r ly J u ly 1 -,1 9 9 6 ,.................................
$ 1 7 7 ,8 7 1 . L eased
f oo »r v9s9r 0v yre*.’*•*
a r*'V «.*
fro
m M a y A •,1
to
.' «s }u*s *
Nets*
Af8
J f7*"9I , vVZ
d ivid e n d s a re p a id . X o a d d itio n a l m o r t g a g e c a n 1 * c r e a t e d w ith o u t Phi la, A R e a d in g ltR . a t 8 iter ce n t on s to c k , a n d le a s e a ssu m ed in
consent o f tw o -th ird s Interest.
1 89 6 b y PhllB A R e a d in g R a ilw a y , T h e o ld 2 d m o rtg a g e b o n d s (n o w
I t it id t n d s — On adjustment preferred: 1st d iv . X o r , , 190 7 , 1 p .c . {V a first m o rtg a g e ) 7* d u e May I , 1 89 0 , w o re re fu n d e d f o r f o r t y yea r* a t
8 3 , p . 729 .
4 p e r ce n t. ( ? . 0 2. p . 4 6 2 ,8 7 0 .)
B o fro * .—'T he new b on d * a u th o riz e d a r e :
N o r t h - E a s t P e n n s y l v a n i a B U . —O w n s ro a d fro m G le n sid o to
Prior Lien SO-year g o ld b on d s, o n ly If nee- -« a r y . ................... $ 3 ,5 0 0 ,0 0 0 New fln p e , P a ., 2 6 m iles. C o n tro lle d b y P . A R C ap ita l s to ck ,
first Consol, M Gold is , d n e 1 9 9 6 ................. .................................8 2 ,5 0 0 .0 0 0 $ 1 0 0 ,0 0 0 , o f w h ich $ 3 1 5 ,(MX) o w n e d b y R e a d in g C o . Is d e p o s ite d u n d e r
O f w h ich fo r o l d I m d s A m M ........... ............................
2 3 ,3 2 2 .8 7 5 it* ge n e ra l m o rtg a g e o f 1 89 7 ; p a r, $ 3 0 .
- B a s e r* * # t e r n M 8 M M u n d istu rb ed b on d *.-.......................2 5 ,0 8 6 ,3 3 9
Northeastern H it. o r Georgia.—R o o d fro m A th e n s t o L u la
R e se rv e d f o r e x is tin g o b lig a tio n s , o r t o r e t ir e P r io r
L ien bond * if teamed................................................ ....................... 3 ,5 0 0 ,0 0 0 G a ., 8 9 m ile*. O p c o e d in 1876. l a id (u A p r il, 1 895, an d p u rc h a se d b y
th
e S tate, Whleh leased It in M ay, 1998. to E. A. R ich a rd A C o. f o r
F o r n e w c o n s tru c tio n , acquisition,* a n d Im p rovem en ts
n o t e x c e e d in g $ 1 ,0 0 0 ,0 0 0 y e a r l y ........ ............ .................. —
9 ,8 9 0 ,4 3 6 $ 1 9 ,6 9 0 y e a r ly , b u t ro a d w aa tu rn ed o v e r to S ta te a g a in M a y 7, 1897,
re n ta l b e in g In d e fa u lt, s ta te a g e n t I* RnfUS R eav e*, Y . 0 4 , p . 9 5 4 .
T h e new 4 per cent first eonsots a re ( s u b je ct t o th e s m a ll a m o u n t o f X o bids w e re r e c e iv e d a t sale o n J u n e 2 1 ,1 8 9 7 , a n d S ta te still o iie ra lo s
P rio r U c a b o n d s w h ic h m a y be issu ed on ly In c a s e o f u r g e n c y ) a th e roa d ,
first m o r tg a g e o n a U r g e p a r t o f the s y s tem , r « „ u p o n 8 * 5 m iles o f
K u u m o A —Y e a r e n d in g J u n e 3 0 , 18 9 7 , g r o ss , $ 6 4 ,9 8 8 ; n e t, $ 2 1 ,3 2 6 .
..irattrofMl; o p e n im p o rta n t term in a ls a t N o rfo lk a n d L a m b erts P o i n t ;
I225.
ttpoa t h e O h io R iv e r B rid ge a n d th e R o a n o k e M a ch in e W o r k s ; beside*
be tag a consolidated mortgage upon the remainder of the at stem, su b
N o r t h - E a s t e r n H R , (S . C ,V —O w n * fr o m C h a rleston , 8. C „ t o F lo r
ject t o t h e u n d istu rb*•—ed
Mens.
T
hey
a
r e fu
** ***
« ■»
* **'.
I
sms’:
I ••r
• th e r s
re-e c- u r e d b Jy the ' *■-»»*
ssile*
s sv o ,;
tlease* jo in t l y ., s
s u i , o8.
. 0 .,, Ito
V u
m w
i , o8.
, v
e n c e ,t 8- *«»*»
C., Severn
102 tm
L« ane,
S uu m
ter,
C» „« T4V0 '
...
*: .......
■' **.»
» «'»
,-4-.-I
*744
! 1 «
“ 5*.4» 1 •
e
V ' :’
• »*7 ? »*
;
‘ r —* * |i i i **
•‘
•>, .
T ru st* a n d eq u ip m en t b o n d * to b e tak en up u n d er the p lan . T h e P rio r : held t o retire d e b t* o f p rio r lien , lit 1 895 C h a rle sto n A N o rth e rn 4 p e r
, o te d ! win
at 103
L ira b o n d * i m
f lo
w ill be
he rretired
e tir e d at.
103 by
b y sale
sale whenever
w h en ev er j»**ible
p -x stW * ce n t b o n d * fo r $ 3 3 6 ,0 0 0 w ere g u a ra n te e d p rin c ip a l a n d in terest. V.
of first eo n w d * a t o r a b o v e 9 5 . U n d istu rbed b o n d * w h ic h c a n n o t b e 8 1 , P- 1105. S tock , $ 9 0 0 ,0 0 0 J par. $ 5 0 ; A tla n t ic C oast L in e Co.
ta k e n nr> a t m a tu rity o n s a t is fa c t o r y term s b y u se o f th e c o n s o l* re- o w n e d $ 8 4 0 ,9 5 0 s to c k o n J u n e J, 1897, D iv id e n d * fro m 1 88 8 to J a n .,
Served f o r th a t parpom m ay b e e x t e n d e d o r ren ew ed . S ee a b s t r a c t 1805, 6 P, n. y e a r ly ; in J u ly , 1893, n o n e ; in 1 8 9 6 , J uljr, 3 p . c.; in 1 8 9 7 ,
o f c o n s o l, m o r tg a g e ia V . >-4. p . 3 7 « .
J a n ., 3 p, e ,; J u ly , 3 p , e.
A s t o Scioto Valley <t Xete England m o rtg a g e s e e StjrrUEMKjrr o f
ANNOAt, R e p o s t .—E a rn in g * f o r y e a r e n d in g 3 une 3 0 h a v e b e e n :
J a n u a ry , 1 8 9 4 , C lin ch V a lle y {beads an d X , A W. adiu straent b on d s
12 months. Gross.
Set.
Other m e.
Jut., etc. Bol.fordiv.
o u ts ta n d in g w ere paid J u n e i , 1 89 7 . V . 8 4 , p . 2 8 7 , 1089.
18939 6 $ 5 3 0 ,7 6 0 $ 1 6 4 ,4 1 3
$ 3 8 ,1 6 3
$ 1 3 5 ,3 2 0
$ 6 5 ,3 5 8
a*3ke«A i. F ix tw e g a .-—T h e r e o r g a n iz a tio n red u ced th e fixed ch a r g e * 1894- 0 5 ......... 3 25 ,40 1
1 0 7 ,60 6
3 0 ,8 1 7
1 3 3 ,0 0 0
5 ,2 2 3
fro m $ 3 ,2 1 4 ,0 3 7 to « 2 , 283,11*4. a r e d a c tio n o f $ 9 5 0 ,9 4 3 ; liq u id a ted
D iv id e n d * f o r 1 893-6 w e r e $ 2 7 ,0 0 0 . le a v in g b a l „ su rp lu s , $ 3 8 ,3 5 6 .
floatin g debt and took up ear trusts except those of 1892 and 1893.
an D iv id e n d o f $ 8 7 ,0 0 0 w a s p a id ia 1 89 4 -5 , le a v in g d e ficit
fo e y e a r
T ti» an n u al ch a r g e * ahead o f th e now c o m m o n s to c k a re s m a lle r than
In 189 3 -9 1 d iv id e n d s w ere $ 3 1 ,0 0 0 ; b all, d e ficit, $ 2 1 ,3 3 1 .
th o se a h ea d o f the o ld p re fe rr e d s to c k . O f th e o o m p a n t ’ s ttu ffic ■ $ 2 1 ,7 7 7 .
-< V . 5 7, p . 1 0 3 8 ; V. 6 1 . p . 1 1 0 5 ; V. 6 4 , p . 8 87 .,
1893 5 5 1*7 ce n t (3 ,3 7 9 ,5 8 6 ton s) w a s b itu m in ou s co a l an d cok e
N o r t h e r n A l a b a m a B y . — R o a d —S h effield t o P a rris h , A la ,, a n d
ExKSW G*- 2 m on th *. { 1 9 9 7 ............G ross. # 1 ,9 0 3 ,9 8 0 ; n e t, $ 6 1 3 ,8 1 8
J u ly 1 to A ug, 31. ( 1896.......... O r e s* . 1 .7 6 2 ,9 0 2 ; net. 4 0 0 ,7 0 9 b ra n ch , 119 m iles. A re o r g a n iz a tio n o f th e B irm in g h a m S heffield A
T e n n e ss e e R iv e r R y „ n o w in fo r e c lo s u r e S ept. 16, 1 8 9 5 . S t o c k —
A jOx c a l R a r o a r . —F isc a l y e a r en d * J u n e 3 0 . ■
1 gfl| r
‘
**
*
1* K n ic k e r b o c k e r ■
h e ld a t R o a n o k e , V a ., on s e co n d T h u rsd a y in O ct«
sed ln g # 1 5 ,0 0 0 pe
« * w c o m p a n y (fo r 5 §9 6 0 7 ) * a « g iv e n a t len g th
»e
3
0
,1 8 9 6 , groaa, $ 1 0 2 ,1 7 8 ;
_____________
also editorial, p. 002.
' net. $ 1 6 ,8 3 0 . In 1894-95 g ro ss , $ 1 2 0 ,1 0 5 ; n et, # 1 2 ,6 0 2 . F iscal agen t*,
■ 9 mw(. still
J . K en ned y T od A C-o„ 43 W all S treet, N ew Y o rk .— (V . 50, p. 1 01 4 ; V .
ing June 3 0 —
Gross,
Xet,
Olh. tne, Charge*. Bat,, sura, 6 1 . p. 2 6 , 1 1 1 .5 1 8 . 8 29.)
1 8 8 6 -9 7 ......... * 7 .7 3 2 ,1 5 9 # 2 ,1 0 1 .1 2 4 $ 1 6 ,1 9 2
$ 1,880,43,9 $ 1 5 9 ,3 4 6
N o r t h e r n ( N e w H a m p s h i r e ) H R * —O w n * C o n co rd , X . H ., t o
1 8 9 5 -9 8 ......... 9 .2 5 8 ,3 8 9
1 ,6 9 1 ,9 1 0
..........
W est tssbanon, Sf, B ., 7 0 m fic e ; b ra n ob to B risto l, N. H ., 13 m ; to ta l,
F o r y e a r t e n d in g D ee. 31 ea rn in g * w e r e ;
8 3 m ile*. l*<a*e to B oston A L o w e ll f o r 9 9 yearn from J a n . 1 ,1 8 9 0 , w a s
Tears end. Pee, 3 1 1896.
1805.
1 89 4 ,
1 893,
a ssigned to B o sto n A M aine, re n ta l w a s 5 p e r ce n t on s to c k till J u ly 1,
A v e ra g e m iles o p e ra te d .
1 ,5 7 0 .
1 ,370
1 ,5 7 0
1897, an d n o w 6- „per
1 ,5 5 6
_ f ce n t, p a y a b le in g o ld .
In a d d itio n to the 5
p er ce n t d iv id e n d s p ro v id e d fo r b y the le a se , an e x tra 1 p e r ce n t p er
#
P a ssen g er e a rn in g * .--- i , ,
a * * ( 1 ,4 9 7 ,9 7 7 1 ,5 2 2 ,1 3 4 t ,7 2 1 ,1 9 4 a nnu m (m a k in g th e q u a r t e r ly d iv id e n d s
% p. e, ea ch ) ha* b e e n p a id
8 .3 5 2 ,7 5 0 7 ,8 7 3 .7 7 3 r e g u la rly from the c o n tin g e n t fu n d a n d a lso in 1 8 9 4 , J a n ,, 5 p . c. e x t r a
4 8 5 ,5 6 8
437,651
w as p a i d ; in 1 896, J n l y , 2 p . c. e x tra ; in 1 997, A p ril, 2 p . e. e x t r a ;
-------------------------------------- _ _ _ _ _ _ -----— — In J u ly , 3 p. e. e x tra . C o n tin g e n t fu n d A p r il 3 0 ,1 8 9 6 , a m o u n te d to
_ t o t a l ( r o e s e a r a ln g a ______
______
___
U .O
-,5 .8
4 5 *|,W2.IW7 1 0 .3 4 0 ,1 5 i o j m
- $ 1 7 6 .-9 7 . R en tal fr o m B, A M. y e a r .-n dln g A p ril 3 0 ,1 8 9 0 ,# 1 5 3 ,4 2 0 ,
B et o v e r ta x e s ..
2'.3 2 4 .917
3 4'
.
' '•
!i v . 65, p. 483 .
w th e r le e o tn e _____
5 ,8 6 7
3 6 ,2 3 9
1 3 5 ,5 9 5
141488;
N o r t h e r n C a l i f o r n i a B y . —O w n* K n ig h t'* L a n d in g to O r o v ille
o ~J s o n o - a . i i o . » o r v r . n o
C a t , 54 m ile*. L eased t o B oatItcrn P a cific C o., w h ich o w n s $ 1 ,2 7 7 ,5 0 0
B ah f o r in l. A ren tal*.
2.3J0.SO 1 2 .1 7 4 ,8 0 0 2 ,7 8 2 .1 3 2 2 ,0 7 4 .3 4 6 o f the $ 1 ,2 8 0 ,0 0 0 s t o c k ; p a r, $ 1 0 0 , T bf* H n o t th e X o r tb e rn Kailutag
OxriCKiBA—P res id en t. H e n r y F in k; C
hairm
an o-f •th
—.
..
• e '•B oard’ o f D L
l •: o f C a lifo rn ia —sc:i th a t co m p a n y . In 1 8 0 6 g r o w . * 1 7 7 ,0 0 2 ; n e t, $ 7 4 ,r s e to ri, V. J . K im b a ll, 2 7 W illia m S treet, N ew Y o r k ; S e cre ta ry ., A- J. 418 ; In terest, $ 5 3 ,7 0 0 ; b a la n c e , s u rp lu s f o r r e a r , $ 2 0 ,7 1 8 . In 1 895
H em p h ill, N ew Y o r k ; T rea su rer, W . o . M a cd o w e il, R o a n o k e , V I.
g ro ss . $ 1 4 0 ,9 3 5 ; n e t, $ 3 0 ,8 6 9 . D e ficit u n d e r ta x e s an d
ch a rg e s,
t m » * x .—V . * " , p
. 6 1 7 , 6 2 8 , 720.
# 3 4 ,0 8 7 , p a y a b le b y S ou th ern P a cific Co.
N o r t h < . r o l l , , * H R , —O w n * from G o ld s b o r o t o C h a rlo tte , N o. , . ^ n r ‘ ' “ - r n C e n t r a l H y . - O w n * B a ltim o re , M d., to S o n b u ry , P a .,
C arolin a. » 2 3 mil**- l*.-v*-d from Jan . 1. l
to Mi- - -m ih e n . Ky. C o.
“ S S *",?i,,w h i21,„n .7 ralle* d o o b le tra ck -b T a n C h , ? m ile s ; I j a s e s fo r !•;< t r i r . ,* « « 4 .o
o .-> . ) , p. r. on *, t i A
i ;. .r y ea r .t II D ee. <3 1 . . lO O l. • r^ww
m o1k' ,ini ! r V
o lle y A P otteriite
R ailroa d , 2 f.
h m ile * ; E lm ira A WilUams*
sumi,.4i i&W Ls.XSf , u - , r . .... .
i . _ ms
,
iT T
r I '1 ( I . w I , , I , -, r - f ,, . - » . . .
i r. i ,
..
1
1 ( „ 4n v i o I t , 111 .
» # 2 9 6 .0 0 0 (eq u a l to 7 p. e. o n ' s to c k , b a la n c e o f l i , n V * o ' t a x e ' . ' . Port R aflrom l, 7 8 m ile * ; o p era te* a t e o s t - E l m l r a A L a ke O n ta rio R ail
6
3
.
Of the etoek rh* d ta to o f N orth C a r o lle a hold* $ 3 ,0 0 0
J w r fjW
« » * « ; I p k e n s 4 a llo y R a ilro a d , 2 0 m ile s ; P en n sy lv a n ia
000 . t h e S outhern Ky. h a , re t aside kt.OOn.non o f ! i . new r - „ „ , „ i , t„ , R ailroa d , 3 m iles; tota l o p e ra te d . 3 7 7 m ile*. A lso use* N ew Y ork
b e used. If d e sired , to a cq u ire a like a m ou n t o f N orth C a rolin a stock] I D»ko E rie A W estern tra cks, 7 m iles, and P h iladelph ia A B rie track*
P f M n B k 1 80 6 . « Q p. c ,: lo 1997, Pelt., <o p. r. w r . p aid , and
p. c \b e tw e e n S u a b u ry and L e w is p b lt, 4 0 m ., an d o w n s u n io n R R ., 9 m ile s ,
been d ecla red p a y a b le In A n g a B . 'm M a rch . 1807, th e G o v e r n o r
OBOAgutATiox.—Thl*
a s ata co
n so lid a tio n otn
f severa
l ro
a d s in 1t8o5 4 .
Wtuy ANt*A *IWBJKJ3JWS wwum
DU(i$UIIU«MiJU
»OV«I »1
hmhib
orf_ ,ftitth C—aroitn
a
a
p
p
o
in
te
d
a
n
e
w
h
o
a
td
o
f
d
ir
e
c
t
o
r
*
.'
C o n tro lle d b y th e P e n n sy lv a n ia K R „ w h ich o w n s $ 3 ,4 8 8 ,9 5 0 etook,
................................................ V . $ 4 . p . 0 1 1 .
l if ilfn
n g* fS tate
.........................
} o in iietlon r M r a in
o f North C a rolin a fro m in te rfe rin g w ith
SKCCttrm:* Owsrti- On J an , 1 , 1 89 7 , a m o n g the a ssets held w o re
yon th ern B y. lea se w a s o b ta in e d In 1 9 9 7 .—IV. 6 5 , p. 2 7.}
Balt. A P o to m a c stock (pan of $701.450; Elmira A Lake Ontario stook
N o r t h P a c i f i c r n » i R R . ( N a r r o w B a n g s ) —O w n* S an Fran
tall), $ 1 ,5 0 0 ,0 0 0 ; Sham okln V alley * PottevlU e s to c k , $(319,(150; U nion
to CaxadeTO, 87 m.......................to
ite*-, iiranohe*San R afael an d M ill V a lle y , <
R R , s to c k . $ 1 ,2 2 6 ,0 0 0 (the b a la n ce o f $ 8 7 5 ,0 0 0 b e in g h old b y P b lla
1
push ext
1
•
qW
k nil V VVVW w vf
try M
tfXJVrnM IUR I WMHIFjU
wMvX
.
-m
1
S T i S M :::::: J
! 7* «
2
0 000*01
.61
1
002
0
3
3
I o v»
INVESTORS’
SUPPLEMENT.
(VOL. L X V .
S u b sc r ib e r* w i ll c o n fe r a g r e a t fa v o r by g i v in g I m m e d ia te n o tic e o f a n y e r r o r d isc o v e re d In th e se T a b le s .
RAILROADS.
on first page of tables.
B o n d s —Pnnci INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
pal,When Due.
Par Outstanding Rate per When Where Payable, and by Stocks —Last
ol
of
Road. Bonds Value.
Cent. Payable
whom.
Dividend.
26
1st mortgage, provided for by consol, mortgage.o 102
2d mortgage, provided for by consol, mortgage.'c 102
Consol, mortgage, (for $1,836,000) gold........... c 102
Charleston & Nortliern 1st mort., guar., p. & i...
107
N orth 'll A la ba m a B y . —1st M., $3,000,006, gold..o
83
N orthern, (N . /i.J—Stock, 6 p. o. rental................
54
N orth ern C a liforn ia —1st mortgage, gold............
Northern Central —Stock ($8,000,000 authorized)
138
1st mortgage, State of Maryland loan...............
2d mortgage.................................................. c* 138
Consol. M., gold; coup., tnt. J &J; reg., A & O.c&r 138
Consol, gen. mort. f gold, s.f., dm. at 100, A&B.c 138
of 1874, gold, se- 3 gold, $, C & D................... c 138
ouresall equally. ( gold, E ............................. o 138
2d gen. mort., series “ A" & “B” (A $2,565,000).. 138
9
Union RR., 2d m. (now 1st) assumed $ or A , gold.e
N orthern o f N ew Jersey— Stock.............................
21
3d mortgage, now 1st (for $700,000)................c
N or.O hio —IstM.g. ($15,000p.m. )gu.p.&i.L.E.&W.C” 167
__
N o r t h e r n P a c ific B y . - Com. stock, $80,000,000..
Pref. stock, $75,000,000, non-cum. 4p. ct........
Nor. Pac. RR.,Mo. Div. IstM., dr'natpar....c*<fer 205
Gen. 1st M., gold, coupon, dr. at 110........... o’ 2,146
Reg., dr. at 110 after coup, bonds retired, reg, 2,146
Western RR. Minn. 1st M ., gold, assumed.......... 60%
St. Paul & N. P. Gen. M., I’d grant, assumed. e**r 182
New mortgages of Northern Pacific B y .—
Prior lien M. $130,0b0,000 gold, land gr.. ,c*Ar See J
Gen. lien M. $190,000,000, g.,land grant.. c*.tr See X
N o. East P en n . —1st M„ g., gu.P.&R. oldco.(end.)o“
N orth -E astern ( S. 0 .)—Stock.................................
$400,000
1890 $1,000
50
900,000
500
1869
820,000
322,000
1869
500
1883 1,000
694.000
1895
236.000
1896 1.000
1,700,000
100
....
3,068,400
1889 1,000
1,074,000
7,518,150
50
1855
1,500,000
1865 500 &c. 1,126,000
1868 1,000
2,804,000
1874-5 $ & £
1,224,000
1876-7 $1,000
2,000,000
1885 1,000
1,557,000
76&82 1,000
3,565,000
600,000
1873 1,000
__
100
1,000,000
100
Ac.
1887
654,000
1895 1,000
2,500,000
100 79,800,000
100 75,000,000
1879 100 &c. 1,755.000
1881 1,000 X 4,224,000
1881 5,000 fee x 9,642,000
1877 1,000
420,000
1883 1,000
8,003,000
1896 500 &c. 76,795,500
1896 500 &c. 56,000,000
o g. A. & O. Phila., Phila. & Read’g. Apr. 1, 1920
6 in 1897 J. & J. Charleston, Office. July 1, ’97,3%
M. & S.
8
do
do
Sept. 1, 1899
8
M. & S.
do
do
Sept. 1, 1899
6 g. J. & J. N. Y., Cuyler, M. A Co. Jan. 1, 1933
4
M. & S.
Mch. 1, 1915
5 g. J. <fc J. New York, Agency. Jan. 1, 1926
See text. Q.-J.
Boston, 19 Milk
Oct. 1’97,1%%
5 g. J. A D. N. Y., So. Pac., 23 Broad June 1, 1929
7 for ’97 J. & J. Balt. & Phila.; Pa. RR. July 15,’97,3%
6
Q.—J.
Annapolis.
Irredeemable.
6
A. & 0. Baltimore APiuladelp’a Apr. 1, 1900
6 g. Various Baltimore, Treas. Office. July 1, 1900
6 g. j . & j . London and Baltimore. July 1, 1904
6 g. J. & J. Baltimore, Treas. Office. July 1, 1904
4%g. A. & O.
do
do
Apr. 1, 1925
5
j . & j . Baltimore,Treas. Office. Jan. 1, 1926
6 g. M. & N.
London & Balt.
May 1, 1900
See text. J. & J. N. Y., 199 Chambers St. Jan. 15’97,ia%
6
J. & J. Jer. City, Hud’n Co. Bk. July 1, 1917
New York.
5 g. A. & O.
Oct. 1, 1945
To be be Id in vo ting trust until Nov. 1, 1901.
do
do
do
do
do
6
M. & N. See “ Gen. Fin.” in text. Nov. 1, 1897
6 g. j . & j . N. Y., J.P. Morgan & Co. Jan 1, 1921
do
do
6 g. j . & j .
Jan. 1, 1921
M.3£&N1
7
do
do
May 1, 1907
do
do
6 g.
ii
Feb. 1, 1923
4 g. Q -J . N.Y.,J. P.Morgan *R er i
do
do t Jan. 1, 2047
3 g- Q. - F.
x Exclusive of $f(!,484,uuu held by trustee of the prior lien M. of 1896 on Oct. 16, 1897.
ITCoupon bonds F. & A. reg. bonds Q. —F.
t Berlin at 4-20 marks per dollar.
14,519 miles, including 29 miles not operated; spurs, 123 miles; trackage, lines 'a owned, etc., 41 miles.
Wilm. & Balto.), etc. Value of all, as per books, $2,970,829. The in
come from investments in 1896 was $324,384.
L ia b il it ie s .— Jointly with the Penn. RR. and Phila. & Erie this com
pany guarantees the Allegheny Valley 5 p e r cent loan o f 1870. Mort
gages and ground rents on January 1,1896, were $349,182.
D i v i d e n d s .— >1888. ’89. ’90. ’91. ’92. ’93. ’94. ’95. ’96. ’97.
Per cent... J 7
8 8
7 7 9 7 7 7 7
Earnings.—8 months, >1897..... Gross, $4,209,186; net, $1,227,134
Jan. 1 to Aug. 31.
S1896..... Gross, 3,965,188; net,
913,336
lease of the Wisconsin Central and ownership of the Chicago 4H P.
(now Chicago Terminal Transfer), but this was relinquished by the re
ceivers Sept. 25,1893, and permanently abandoned in the reorganiza
tion of 1896. V. 64, p. 1224. Beside the Chicaso lines, the only parte
of the system not Included in the reorganization are the Seattle Lake
Shore & Eastern and the Central Washington—see these companies.
V o t in g T r u s t .— Both classes of stock (except sufficient to q talify
directors) are vested until Vov. 1, 1901 (unless surrendered earlier at
their discretion! in following voting trustees: J. Pierpout Morgan,
August Belmont. Johnston Livingston. Charles Lanier, all of New York
A nnual R eport .—Fiscal year ends Deo. 31. President’s report for and Georg Siemens of Berlin. Provisions of voting trust and of pre
ferred stock were in S u p p l e m e n t of April, 1897, page 4.
1896, given at lengthln V. 6 4 ,p. 371, 375, Bhowed the fo llo w in g :
T ea r en d . D ec. 31—
1896.
1895.
1894.
1893.
S t o c k .— The new preferred stock is subject to call in whole o r iu
Gross earnings..........$6,286,602 $6,506,028 $6,031,260 $6,881,806 part, at par, upon any first day of January prior to 1917.
Net earnings............ 1,643,496 1,907,509 1,797,144 2,118,650
Additional preferred stock and other mortgages can be issued only
Otherreceipts...........
400,075
457,391
386,335
496,979 with consent of a majority of the preferred and of the common stook
represented at a special meeting. Pref. stock is “ entitled to non-cum.
Total net income.... $2,043,571 $2,364,900 $2,183,479 $2,615,629 dividends to the extent of 4 per ceut per annum, payable quarterly
Rentals, &c...............
436,592
455,996
485,759
500,253 ont of surplus net earnings in eaoh fiscal year before any dividends for
Interest on debt........
843,632
852,588
850,921
859,561 such year shall be paid on the oornmon stock." In any fiscal
Dividends................. (7) 526,267 (7) 526,267 (7) 526,267 (8) 601,446 year in which 4 per cent dividends shall have been declared on>
Miscellaneous...........
159,490
378,191
210,840
94,174 both preferred and common stook, all shares, whether preferred or
common, shall participate equally in any further dividends for suoh
Balance, surplus__
$77,590 $151,858 $109,692 $560,195 year. Dividends upon stock registered in Berlin may be collected there
at the rate of 4-20 marks per dollar.—See also V. 63, p. 1071.
—(V. 64,p. 330, 371,374, 375.)
Bonds.—Abstracts of the new Prior Lien and General Lien mort
N o rth ern R R . o f N e w J e r s e y .—Owns from Bergen, N. J., to
gages
of 1896 (the General Hen mortgage being In all respects subject
Sparkll), N. Y., 21 miles; leases Sparkill to Nyaok, 5 miles. In July,
1897, control was purchased by the Erie RR. which has been operating to the other) were in V.G3, p. 1012-1019, and the statement to the New
York
Stock
Exchange, was in V. 63, p. 1072, showing;
the road for 68% per cent of its gross earnings. The road will still be
operated separately. V. 65, p. 151. Stock, $1,000,000; par, $100. P r io r lien 100-y e a r y o ld 4 p e r cents secured by mortgage
to the Mercantile Trust Do., mortgage trustee, upon tiie
Dividends since 1892 : In 1893, 4% p. o .; in 1894, 4% p. c.; in 1895,
main line, branches, land grant, equipment, etc., of the
4%; in 1896, 4; in 1897, Jan., % p. c.; July, none.
Railway Co., and on all property subsequently acquired
A n n u a l R e p o r t .—For fiscal years ending June 30;
with the proceeds of the bonds. The prior lien bonds
Tear.
R en tal.
Net.
In i.,ta xes. B a t., su r.
D ivid en d s.
are purchasable with land sales at not exceeding 110
1895-6.......$11-,241
$98,059 $56,079 $41,980
(4 ) $40,000
after retirement of general 1st mortgage bonds of 1881
1894-5....... 138,532 106,764 55,352
51,412 (4%) 45,000
(but are not subject to call), not over $500,000 cash
—(V. 63, p. 837; V. 65, p. 69, 111.)
Tyearly to be so applied. Total Issue............................. $130,000,000
N o rth e r n O h io R a i l w a y .—<See M a p L a k e E r ie a W estern .)—
to retire Missouri Division bonds .....................
^
Owns road from Akron to Delphos, O., 165 miles; branches, 2 miles. Reserved
Do $13,866,000 general first 6s of 1881.............
iS.ozb^oo
A reorganization of Pittsburg Akron A Western sold in foreclosure
Do
St.
Paul
&
N.
P.
and
Western
RR.
bonds___
8, 4.23,000
Oct. 17,1894. Road is leased in perpetuity to L. E. A W. V. 62, p. 826. For ne wconstruction, betterments, equipment, etc., under
S t o c k a n d B o n d s .— Common stock (all owned byL. E. &W.) $3,5F0,carefully guarded provision f, but not exceeding $1,500,000; preferred non-cnmulative 5 p. c. stock, $650,000; par of each 000 per annum.............................................................
23,000,000
$100. The fir s t mortgage is for $4,000,000 and bonds are guaranteed, General lien yo ld 3 p e r cents (Farmers’ Loan & Trust Co.,
principal and interest, by Lake Erie & Western by endorsement on
mortgage trustee)......................................................... $190,000,000
each bond. Bonds for $1,500,000 “ arc only to lie issued at not to ex Of which reserved for prior lien bonds............................
730, 000,000
ceed $15,000 per mile of completed roadfor such hereafter constructed Issued to carry out reorganization...................................
36 .000,000
or purchased road, if any.” For year ending June 30,1896, gross For new construction, betterments, equipment, etc........
4 , 000,000
earnings were $149,469; net, $8,552; charges, $97,547; deficit,
Prior
lien
bonds
are
reserved
to
retire
the
present
divisional
$88,995. Annual interest charge now $125,000. In 1896 L.E A W When these shall have been retired, the prior lien bonds, by bonds.
advancod $125,000 to pay interest guaranteed—see L. E. & W. report mortgage, or through ownership of securities, will be the first direct
mort
V. 64, p. 1221.—V. 62, p. 186.
gage on 4,519 miles including “ lines owned but not operated” , 29Northern Pacific K a ilw a y f-r^ e Jfap5J-Operates one of the miles; spurs, 123 miles; trackage and road half owned, 41 miles.
leading lines to the Pacific, having its eastern termini at St. Paul, Said bonds are now (through the ownership of substantially all the
Minn., and Duluth. Wis. (the head of Lake navigation), and run securities) virtually a first lien on 2,077 miles. Furthermore, as the
ning tbeuce westerly, traversing tile great wheat belt of Minnesota prior bonds bold $24,958,000out of $40,732,000 of the Northern Pacific
and North Dakota, the mining district of Montana and the farming Railroad general first mortgage bonds, they now represent more than
country of Washington to Tacoma and Seattle, and to Portland Ore 24-40ths of the first lien oh 2,442 miles additional, and on the mortgon, with branches to Winnipeg, etc. The system comprises:
gaged land grant, subject oniv to $1,755,000 Missouri division bonds
M a in lin e.
M iles.
B ra n ch es, etc.
M iles. called for payment Nov. 1, 1897. Sinking fund operations are retiring
Ashland, Wis., to Portland,
Variousbr. (V.63, p.1013)...2,028 the outstanding $13,866,000 general first mortgage bonds, of which
$4,224,000 are coupon and $9,642,000 registered bonds. Coupon
Ore.,and Wallula Junction. 2,157
Brainerd to St. Paul, etc. . 190 Main line operated........... 4,375 bonds are exchangeable for registered bonds in $5,000 and multiples
thereof;
registered bonds cannot be called until coupon bonds bave all
Owned (but not operated)
22
Total main line............... 2,347 Spurs, main and branches... 126 been retired. See V. 64, p. 1225. No additional bonds can be issued
under the old mortgages assumed, nor can said bonds be extended.
Trackage included...............
73
An abstract of the gen eral fir st m ortgage of 1881 was in V.
Total system June 30,1897. .4,523 58,
p. 903. The sinking fund under this mortgage must receive yearly
Also has 20’95 miles of terminals and 164 miles of water lines.
an amount equal to at least one per cent of entire issue, but the pro
Histoky.- This Wisconsin company on Sept. 1,1896. succeeded to the ceeds of land sales to whatever amount received are applicable to the
railroads, land grant and other property of the Northern Pacific KR.. redemption of the bonds at 110.
which was sold in foreclosure in July, 1896, under thesecond third and L a n d G r a n t . -Tbe land grant was 12,800 acres to the mile in the
consol dated mortgages, and was reorganized with the co-operation of States
of Minnesota and Oregon and 25.600 acres per mile in the (then>
J. P. Morgan A Co., the Deutsche Bank and Drexel A Co. per plan in intermediate
territories. The lauds on June 30, ’97, not yet sold were r
the Chronicle of March 21,1896, p. 550.
* 1 lan m
A c r es .
A cres.
In the reorganization the $49,000,000 old common stook paving asNorth
Dakota
(west of
Oregon.......................
147,644
1,?1per 'T n t ,;ecf,u:c'1 100 per cent of new common. The Missouri River)........
4.434,469
$35,000,000 old preferred paying assessment of 10 per cent received
Montana..................... 15,668,954
Total west of Mo. Riv.30,760,811
50 per ceut in new common and the same of new preferred
141,07$
As to the company’s charter, see V. 63, p. 1071. The St Paul & Idaho......................... 1,826,532 Minnesota..................
Washington................
8,683,212
Northern Pacific, previously controlled by stock, was merged in De
ember, 1896, and is now owned in fee.
Total unsold acreage.30,901,887
The original Northern Pacific Company was chartered by Congress As to land grant Deo. 1,1896, see also V. 63, p. 1070; V. 64, p. 83.
July 6, 1864 and its road, opened 450 miles to Bismarck, was foreG e n e r a l F in a n c e s .—The fixed annual charges of the new company
closed in 1875. An outlet to Chioago was aoquired in 1890 through are
$6,110,276 (as on July 1, 1897),a reduction of $4,795,414 as com-
K AH R O a D
O ctober , 1»V7. j
stocks
akd
bo kds.
103
Subaerlber* w ill c o n fe r a. g r ea t fa v o r bjr giving; im m ed ia te n o tic e o f an y e r ro r discovered in these T able*.
RAILROADS.
For explanation o f column beading*, Ac., see notes
on first page o f tables.
N'orfA <f West Branch. My .—S tock ................................
1st m ortgage, $1,5 0 0 ,0 0 0 .......................................
Xorthwestern Coal By. - l o t M „ $2,000,000. g ...e *
northernPar..Ter.Oo.—1 s tM.. gold, red., at 110. , . c ‘
Northern R aiheay ( (Jat.e—-let M., int. guar., g old ..
Consol. M. f$21,O0O,OOO),gotd,l« M.on 197 m.e**r
Honrick it Win-rente!— Pref. stock, 8 p. c, rental----Bonds (not ML),ink gn.u nder lease, eurr ey.. i-Ar
Oconee <4 Western—1st M., *9.000 p. m., g o ld ..........
Ogden Mine f i R —S tu ck 15 p .c.ren L O en . o f N . J .K .
Ogdeneb. -i Lake Cham p la in - -Co n a o l M. m ow 1st M.)
Income bonds, not cum ulative............................ .
Guaranteed bonds...................................................... r
Oedeasb T r»n*ltC o.lst M.(C«nt-Yt. A Ogdeu*.,eu.)
Saratoga A St. Law. 1st M.. for $200,000, g u a r.. r
New SeetraitfBS lmck.rn.ft. Cnokk V l k s .
Stock............................................... ............. .............
1st m ortgage, $1,400,000, g o l d ,,.......................
Rate per When Where Payable, and by
Cent. Payable
Whom.
Bo nds~P rin ci
pal,When Dne.
S ock s—Last
Dividend.
188 9
807.000
3.930.000
5.156.000
4.751.000
2,769,200
955.000
360.000
450.000
3.500.000
999.750
318.000
759,500
100.000
8 in *97 M. * N.
M. ee S.
6
5. g. M. & N.
6 g. J. A J.
6 g. J. A J.
5 g. A. A O.
8
Q .- J .4
M. A S.
5 g. M. A S.
5
J. A J.
6
A. A O.
6
A. A 0.
4
J. A J.
6
P. A A.
5
J. A D.
Nov. 1,’ 9 7 ,4%
S e p t 1. 1901
M ay 1, 1923
Jan. 1, 1933
Jan, 1, 1907
Oct. 1. 1938
Oct. 1, '97, 2%
Meh. 1, 1927
Moh. 1, 1923
July, *97,2 M i
Apr. 1, 1920
Apr. 1, 1920
Apr. 1, 1920
Aug. 1, 1909
June 1, 1919
1897
4.400.000
4.400.000
5 g. A. A 0 .
INTEREST OR DIVIDENDS.'
Miles Date Size, or
of
of
Par
Road. Bonds Value.
149
3 86
1883
48
1897
40
10
118
1880
1.000
100
1,000
100
500 Ac.
1883
127
1 .5 0 0.00 0
5 i.ooo
1893 |
1 88 0
$1,500,000
i£ S
1881
1,000
1893
1.000
1883
1877 1 1,000
66
Amount
100 Ac.
1,000
Phila., Broad St, Stat’n
do
do
X .Y ., Farm's L. A T. Co.
X. Y. Wlnsl* w.Lan'r&Co.
N.Y.. 8o.Pac.Co,,23 Br'd
do
do
Boston, Second Nat. Bk.
BoBton, N. E. Trust Co.
Interest pd, as earned.
Phila., 603 Chestnut fit.
ApL, '96, paid Ju ly , '97
.....a ..,.
Boston Security Co.
1927.
* P revia ft* to 1897 J. & J.
pared with the old com pany The annual sinking fund fo r the re
Bovs.*.—The first mortgage Is fo r $5,000,000. The sinking fund le to
demptten o f general Best m ortgage bond*, if not fo lly met by the j retire the bonds by maturity, bond* beta* drow n at 110 and Interest,
sale. Of lands, will he ptovid. *t for by the issue ,.f prior lien bonds re
To J u ly , 1*97, $4,097,000 firsts bad been Issued, o f which 8167,000
nerved therefor. In June, 1397. So. Par said It* 81 ,00 0 ,0 0 0 o f oertlfl bad been retired by sinking fund. (V. 01, p, 1 0 0 1 ; V. 65, p. 27,1
eate* of tuterret la the «b l Cab-age 4 Vo. Pac. property, th ereb y !
. . . .
st! s..... g - .f >ts entire (Merest m tne Chicago i - n i i l a . . . ....... ■ (U.
N o r t h e r n l l n l l u a y C o . ( C a l l f o r n l a W S e c Hap o f Southern
p 1834, T he * ....putty o w n e d ♦ 2 ,3 9 1 ,0 5 0 .p a r values Of O r e g o n M i
A N a viga tio n p r e f e m ! -t... * J u !„ . ;w , i - ,7.
T h e *1.755,1|»H) M issou ri D ie . tie I d a - M >> 1 ,1 0 1 9 bay.- b e lt ca lle d
W A f d - l l i l . » » « c o m m lld .o o n In M ay, 1388 O w n * 3 9 0 m ile s o f
ra ilro a d , Scused f o r 9 9 year* fro m July 1 . 1 888, to th e S o u th e rn P a cific
g o . Iw<*ee p a y e fixed oh arge* and 6 p. o. on s to c k . It ea rn e d , an d
tor povtm-ttt Nov. 1, 1897» ..t per ; prior ii.-i. 1> will be issued to pm -
retain* surplus.
I h e e a p lta l stock autt».rl 2 <sl U $21,000,000, pnr $100: Issued $ 1 2,396.090,all bat » ls 3 .s y o being ow ned by Southern Pacific C om p an y .
Snto m-w prior Urn 4 . w|U term inate Nov, i , 1607.
L v r is T E iK M -sos
$
V. 6>. p. 412.
J u ly 1 to A u g u st 3 1 . 1 8 9 7 .8 m o n th * ., g ro w * .;
3,663,621; n e t. 3 1 .5 a 0 .3 o -.
L sT kst E \ h s is i 5 » .-7 m o* , I 1837.G row . $1,184,116; net, $321,276
Jam l to July 31.
i 1396.Ore**, 1,163,185: net, 887,409
In 1306 gross, $>,201,839; net, $770,106: other Income, $153,720;
A s s e t , H ftfoitT .—f .r * t r e p o r t o f re o r g a n iz e d c o m p a n y , b e tn c fo r
_ten
___
_
interest on bond*. *518.910: sinking fo o d , $31,110; balance, surplus,
months
e n d in g _
J u n e 3 0, 1497, *___
» ...g iv e n in fa ll ..................
t n \ . 8 4, p 6......
30
Bee ais,-. editorlai. p. 650. In tu, u.usmcijC below figures fur i sUrt-T . fur year. *118,776. it. 1898 gross, $2,029.99$.
T ,V r ,h 0 “ “ mUw ‘ “ 4
T' M ' •:,,y, r fttU 13 m,,u*U4 emll,u:
N o r w i c h * W o r c e o t o r U l t . - O w u * from N orwich. Conn., to
Ju ne jo .
.
.
W orcester. Mas*.. 59 mites, branch, Norwich to A lly.)’* Point, 7 m iles;
v„
/. „ -» n ‘ V* e - '
r
.**?*? ’,
i» .il
total. >16 m ile. Also o w n - entire capital stock (*500.0001 of the NorAn* iu o s a w & i A S P i
au i‘t s » > wtoh & New York Tran«p. Co., operating boat tine to N, Y. City. L -a *ed
f t ' o ^ ' 3? ^
f i oto « o
n i l & T g l to X ew England HR. for t w year* from Feb. 1, i8 6 0 ; rental US per cen t
w m i 't . S S l
m l
1 'S v i '- m
on preferred .took ; lease was m odified fr«m January l. 1397. See V|
Mail, express, Ar. ..
1,0*15,53..
38.205
373,790
”2 _ _ i , ! l. p. « « i ; V. 05, p. 726 Stockholder* h a re voted to extend the road
Gross earning*. .♦14,9 I t .818 $!9 ,3 6 3 .1 8 0 $17,134,981 #16,547.209 I from A liya'* P oint to G roton . 0 mile*.
Net earning*............ $5,765,910
$7,775,071 $8.1t».2M >
$4,731,080
-B o n d * o f 1997 m m m ortgage, for $075,900 were Issued In
Taxes. . , . . , ................
IJs.Os|
*.VKt,703
$501,716
$165,825 March tored rcm the $400,000 tis due Mar. 1. 1397. and for floating
Rental*, etc --------- --------103,160
257,328
189*060 ; debt, an d In July $280,000 to pay fo r N. A N. Y Tran«p. C o.’ * floating
----------------- ----------------- --------------------------------- —— debt; it fat n ot intended to Issue bond* at present (July, 1697.) on the
S e to p e ra t'g l nrotn**. $5,-158*86# $7,102,203 I M 9 8 .1 M
$4,110,195 Groton extension. Year ending Jane 3i>. 1806, receipt*. $247,104:
_ : f.* I”.$540;
' *» Interest,
T*'J'»*7* IW4$24,000:
*7l •-'St,., 'E»*Sr*dividend.
».
lit »IU
U,cnoot 1
’ •U
V>'>*» 'f j, f Dil,*WW
Mtaeeuaeeu'* incom e
.
___e*i«sn*f».
3V
pI1
er
(on
#2.769.200
n o t lucl. la n d sale*.
2 5 5 .3 4 1
4 2 3 ,7 1 0
3 0 1 ,2 2 9
339,80 ! pref.i, $221,536; balantw, snrpli.s for year. #1.028. Tolul «»rp lu * June
-4". I4 sthl,
>‘ , $903,832.
-tee"SrsX,—me .V,
l * - 03,
’*- p .6 9 8 ; V, 64, p. 93, 135, 470, OC1, 1181;
- — !i JO.
B»L for Intereet____ #5,612.306 #7.527,913 $5,857,483 #1,449,999 | V. 65. p, 27, 112. 303, 726.)
’ In terest fo r 10 wo*.. 5,110,24* , Int! reel charges as on July I, ,U7.
v y p a w e i * i s . —it n .l from 3 stv n .n o > . N Y . to D ayton, o . , 38 8
'• mere at rate o f $0,110,270 per
O ld account*, writ
mile*; branch >>—to Oil CfitV. 3 1 m-les; other branches. 9 m iles; tota l
ten o # ....... ...........
12 ,229 ) o « n « w .
I. t i l miles. L k i .I Unas—Olevuian 1 A- M.iuoulng V aliev HR.,
ow ttol.
124 miles;
Sharon
Railway. 16 miles.
0 » > ...................
ll« * 31. m ango V alley,
i l i e * : i*
'
“
m New
t"
BaL.anr. fo r year
$489,893
17 miles; Youngstown A Aiwtintown « y „ 10 miles; Wenterman KB.|
DntBtTos*. (Steeled in Oct,. 1*97.1—Edwaret D. Adam*, Charles 11. 2 miles; total leased, 109 m iles; total operated. 600 mile*.
Coster. Charlemagne lo w e r , Jrv, Robert M. G allow ay, Rben B. T h om s-,
A reargaaUation o f the New Y ork Potm sylranla A Ohio, sold in fore*
R obert B acon, I). 4WBI* Jam es. Prauc-s L yode Stetson, daiunn' S p e n -: c to*um Feb. 25 .189 0, Under the Erie reoCgan-katlon plan the Erie
c*r. Dumont Clarke, Drayton I v e s , .!*•■»- HtUiman amt W alter Q am talredHtle to the N yp sao »tt-l assumed ttte prior lien Indebtodncs*,
Onkman, Datiie; 3. i^smont, Charu-, *. Meiicn.
u,|uipiiiuat tru sts,etc, Tito a«w stock and bond* are owned )<y the
.....................
. ^ „ .. ,
Erie RK- and Erie securities were given In exchan ge tor the old
\r?r, J- Cv e ■ , »
■ ?,i t, ,V j a^t' 'n l .n 'J , htfInV
r ’ itenrv iuoior bonds M d stock. A bondholders* trust has been form ed to reX n t ' c ' r K u i h<^
L l',1
T ,fV
a ^ r . if^ var- coive interrat and d lvid ca U accruing on th e Erie *eoarl«e*, anil die*
New vVrk -' S p a r e r c 5
v w' tributo them ratably am ong the old N. Y. P. A O. first m ortgage bondI O f* ♦ Tf^dUl.lfrPy C>* A .
Jsl* r a i l l t U 6 l « f BUjpftWSf* o . »-*■ •
HUfl V A ! ft A"7*•- V It I ft 1V 7 « il(l OArj- y it J „ 3,n
McHenry; Goneral Manager. J. W. K en drick,81.
General fo u a r a l. i fiower*. See V. 81, p. 472. \ . 0 f .p . 4>7. 549. 909. V. 03, p. teg.
Franc.S I . stetson , ” » » York, nod Charb • W. Buna, St. Paul, The
O c o n e e A- W i s i r r n H U .—Own* road In operation from Hawklnum efnoffice* are toentod At $4. Paul- New York efficc, 3S Well St.—(V*. j ville to Dublin, 0 » ., 40 milts*; graded B nw itbw ville to Grovnnia, 13
65, p. 27, 27*. 412, 163. 650. 6 4 0 , 695, 728..
miles 8 UO0»««iir to Empire A Dunlin, sold ill fornnlonttreSept. 6, 1892.
^ L T h 'n j "
s r r e c m s T o f “ I d t . ' ^ e x T r e £ > t l lOOL
V e" ettd" ,,f D6° '
earnlDf. to b* o.ni thb eompenv. Ponnsylvanla RR Dec. 31, 1896. 3 I *
» -u .o i 6. not. $ 1, 958.
ow n ed #6 m i m o f the stock and * 1,100,000 o f the bond*.
O g d e n n i n e ItR .«*O w n * N olan's P oint (Lake riopateong) to
— In 1 3 8 7 ,8 p.
Of w hich 2 p. «. w m extra.
! Sparto (or Ogden Mine), M. J., 10 mile*. Leased fur mi!) years from
„ r „ .n „
... . ,
w „ . a , r ,.,1.
J»U- l, 1932, to Central RR. o f S. J. for 5 p. c. per annum on oapital
V Mm
to" |L-
' « , 6 . r a i in i'*M. Oa^Itol stoeS" , «“ *ck “ »•>3300
for •»«»"**»«»» expenses.
i!.0>i<J,0>X> Mortgage trustee•1* Farmers' Loan A Trust Co.. New York.
O ff d e n x b n r s dt I r a h e C h a m p l a i n I t IE.—Own* from BottM’ e
f"or
year ending Jan* 30. 1396. gross. #10.741; n et. $3,867; miscei. I Point, Jf. Y,, to Ogdonsburg, N. Y.. 118 miles, nod leases branch, flinilOB.
b ».* n , s. surplu* for year, #2,204.
' * 35,017: lo f«rcst charge. $41,520;
OHO *3054710*.—4V*s lnesnd itt perpetnlty to Central Verm ont RR . Co.
for Interest on bond*, but the lessee having d efaulted Charles Parson*,
Northern Paelfle Term inal Company, o f O r e g o n ,—Owns 0 b March 2 2 ,1 8 9 7 , took charge ns separate receiver. V. 04, p. 567.
terminal* no She Willamette River. Ore,, at Portland, East Portland and
Coupon Payments. - A p r il, 1890, Interest on consol, le t m ortgage 6*
Ai'oiaa. comprising lands 2 7 0 arm s, trackage 32 miles, dock frontage was paid in Ju ly, 1897, at Central T rust Co.. N. Y.—V. 65, j>. 152.
CeDtri“ « * » « " " at Portland,Ore., was opened
0r>nwl Mortgage Co<nmi««.-Ch»rlos Parsons. Chairman; William
tn ism , aery, i B.m.
Lutnmi*. Thomas Denny. J r „ Oh as. R. R ati, Philip V. K, E lf. Over 97
L r.isr,—L ew »d fo r fifty year* from Jan. 1,1833. Jointly and severally per eont o f the oonsol* have boon deposited with this com m ittee,
' Northern
— '*■— Pacific,
— ■“ * nOregon
-------- *■Ry,
**—A* —
' ...................
......... A
* "California,
------- ( and‘ suit
*■*-. . to
. . foreclose
.
- • D epositaries,
to
Navigation
and Oregon
has ‘been brought
the m ortgage.
w it* guaranteed rental to pay interest, sinking fund and taxes. The ■Central Trust, S, Y. o r Old Colony Trust, B oston.—V. 63, p,. 338, 402.
authorizes the tssur
R,H* ? S*kVRBOROAXIZa TION P lan .—P la n , Y. 83. p, 353, OttthOrhM
1st console to
gytlon Com p«ay w o * y
oy.Wlat
nJ - hl,tn
^ ' i l !t ” 1
» n,' e of tnB nBW seourWIe* shown in table above. Old 1st
IdtiM to—ntoMrth.
^ V IS L ^ o ? 11 y ' A a roeeivc 110 per sen t tn new bond* and 8 0 p er cen t In atook New bond*
[o le
,n c
t : reserved fo r im provem ent*, etc., $650,000.
M
" * !ro sales In baukrnptoy o f .ton Northern I am Be a n d ; o r , as* an alternative, the plan provides
p rov id e*for
aUtsndedlaaae
for an amended
lease to the
O
Navigation eom ptole*
ter.nthated
their jo in t and .............,
several I>,«un
( .J.,.*.„<!
....
, nmnnanlo*
>a.I Vermont, guaranteeing fitii paym ent o f back Interest, future
, regon
|iigfexf Liri
a urhlnh tkai# ........
attisenaine
hotra
nnl
n**nmn.l
-V
7
I
1
x
t
« i 'y ‘-« o r u c<m. p s n i- * ^hove^ not a**ame<L |nts.rcst ami maintenance of the property, or sale o f old oonsols to a
irnred with O regon Ry. A »
s r a n . r back intorert!
navigation >,o, to t m join t trains Into Portland,
Stock, common. $3,077,000 (par, $1001. o f which $1,501,000 Is owned
STOCK,—Stock f# 3,0014,00 0. owned by M id thr«e oom paales (40 p. o . j bv Central Yt.: preferred. $500, O f the guaranteed bond* o f 1888 (on
by Oregon Ry. A Nar. Co., 40 per rent by No. Pacific an d 30 per cent by ! La Motile Valley E xtension HR., J2 mill- >, now abandoned). $8,000 are
Oregon *<’al. RR.i, and held by Central Trust (Jo. of New York, to lie payable yearly (since 1803.) I^ian* and hill* payable Dec. 31, 1896
after payment* to the »lnk. fund, which i» to cancel the bond* $ 3 5 .0 0 0 ; interest on funded del»t due and accrued, $230,782.
delivered
104
INVESTORS’
SUPPLEMENT.
[Y ol . l x v .
105
m
Wlnton
R E G IN A
Swift Current,.
L fiy tto n
>0* * a ■
BONDS.
»«m«# ***^JUiumib
[jMiugtMti
pt.Vornon
'w iU F fS
,'HTowiiH«*n«I
s
(ohomis]
jnco»*
AN D
STOCKS
RAILROAD
ttotvllid
3 '£<>?»*««Wr
'
M li» i
ji*y
■e c r r v
vjfeUurtu
. X v£5,
IJ f/'f/ '
l«;.>.ii.. n,..k
OoW^RKalf»m»
:i4«mcwjr
Jv »
inilM
j§L
w ^'«tu>wsiuii
; f ortl ^ S
. M o«rjaJ
>'
R & re*
l&foWt
.aNNAMB
>?
klM*
*«"T,*ara*
oi!i*rjw..
rmmd
\ ¥»»••« Ul,
gS?
J gi&wy
k'm *«
/M ^W ‘
yfimw*YN3J
10®id^och^
SlMDJslej
iiAltl'J:'
**** « e s
o
H" ” : ~'r'
J& :
.,,.7 ° r,,<lu«/, i
a\
/
>WWI«»ttU*p» ^
/ » ij£ g ,,
mite# ,ir
'8cio ^
^(ffUN'uut
7
/vs,.
1
H\
^ » w t'iU"\ R
O c t o b e r , 1897.J
t
C cu iJ e* C f i w
.«ifv*.r aty
Jt&
r
I4ftbo !.«•
liiift fid
#||p®
/
M AP
O F
T 1 IB
NORTHERN PACIFIC RAILWAY
AVESTERN SECTION)
MmWf
fcOklMSIU
EN TIR E SYSTEM 4 ,3 6 7 .3 6 Miles
M A R C H , 1807,
*
106
INVESTORS’ SUPPLEMENT
Lvol . LXV.
su b s c r ib e r * w i l l c o n fe r a g r e a t fa v o r by g iv in g Im m e d ia te n o tic e o f a n y e r r o r d isc o v e re d In th e se T a b le s .
B o n d s— Princi
INTEREST OR DIVtDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Due.
of
Par Outstanding Rate per When Where Payable, and by Stocks— Last
For explanation of column headings, <fco., see notes of
Road. Bonds Value.
Cent. Payable
Whom.
on rtrst page of tables.
Dividend.
Ohio <£ M ississip p i— S ee B a i .t . & O h io S o u t h w e s t .
5 g. J. & D. N.Y., Central Tr. Co. June 1, 1936
in. [$2,000,0001, $12,000 p.m.,g.c* 169 1886 $1,000 $2,000,000
2,874,000
do
do
5 g. A. A 0.
Gen. M. (for $3,000,000), gold, 1st on 39 miles..o* 208 1887 1,000
Apr. 1, 1937
33 1890 1,000
341,000
do
do
Ravensw. Sp. & Glen.lstIVL,gold,gu.,p.<fci.(end.)c*
6 g. F. & A.
Aug. 1, 1920
279,000
12 1892 1,000
July 1, 1922
6 g. J. & J. New York or Phila.
Huntington & BigS. IstM. ($400,000), gold, gu.o*
50,000
13 1888
Ripley AMill Creek IstM. g., guar. p.Jti., end.c*&r
6 g. F. & A. Phila., E. W.Clark & Co.
1908
100
6,185,500
Ohio H irer <t C hari.— Stock ($2,474,200 is 6 p.c.pl.)
1897 1,000
Rock Hill, S. C.
(?)
7 g- J. & D.
June 1, 1907
1st M. (auth. $600,000) red. at par............... c*r
1897 1,000
365,000
Ohio Southern— Receivers’ certificates, gold..........
6 g. F.&A.15
3,924,000
1st mort., $4,000,000 ($15,000p. in.) gold.FP.c' . . . . 1881 1,000
6 g. J. & D. June, ’96, pd. Sept., ’96 June 1, 1921
77,000
1889
1,000
2,798,000
M. & N. May,’95,coup, last paid. May 1, i921
General (2d) mortgage, (for $2,800,000), g. FP.c"
i g'
1894
See text.
1944
Consol. (3d) mortgage, $8,000,000, gold............
1895
856,343
s i ! ' See text
Car trusts Oct., 1897 ($319,000 are 6s).............
Nov.,’97-1905
100 16,508,900
Boston, Office.
7
....
Q.-J.
Oct.1’97,1%%
Old Colony— Stock....................................................... c*
200,000
4^ J. & D.
do
Deo. 1, 1897
Bonds, not mortgage................................................. r . . . . 1882 1,000
498,000
4Lj A. & O.
do
Bonds for Framingham & Lowell bonds.............. c __ 1884 1,000
Apr. 1, 1904
1884
1,000
750,000
4
J. & J.
do
Bonds not mortgage.................................................. r . . . .
July 1, 1904
1888 1,000
4.000.
000 4
J. & J.
Jan. 1, 1938
000 4 g. P. & A.
do
Bonds (authorized $3,000,000), gold................. c*r . ... 1894 l.OOOAo 3.000.
Feb. 1, 1924
4
do
J. A D.
Bonds, $2,000,000 authorized........................... c&r __ 1895 l.OOO&c 1,726,000
Dec. 1. 1925
1897
2,700,000
4
Bonds, $3,000,000 (authorized eept. 29,1896)..
do
1927
1,912,000
5
J. A J. Boston, N. E. Trust Co. Jan. 1, 1910
Boston I'lin, F. AN. B. mort., int. guar, by rental.e 125 1880 1,000
600,000
Boston, Office.
Old Colony Steamboat bonds, gold (not mort.).c* . . . . 1893
Dec. 1, 1903
5 g. J. A D.
Providence A Stouington Steamship Co. bonds..
(?)
225,000
15 1892
5
J. A J.
Boston.
Plymouth A Middleboro 1st M., int. guar-lendO-o*
Jan. 1, 1912
1893
(?)
Oinana B rid g e <£Term inal l l y .— IstM.($5,000,000)
35 1896 1,000
700,000
Omaha K . 0. <£•E a stern — 1st M. (see text), gold..e*
5 g. M. & S. N.Y.. Gilman, 8on & Co. Sept. 1, 1926
1897
2,376,000
145 1896
Omaha <£ tit. L . iv K — 1st M., g., subj. to call at par.
New York.
4 g. J. & J.
1901
uhio Hirer — 1st
R e p o r t .—Expert Little’s report on Central Vermont (V. 64, p. 606)
A n n u a l R e p o r t .—Fiscal year ends June 30. Statement for 1896-7
gave statement of earnings for O. <fc L. C., showing loss to lessee in was in V. 65, p. 727. Charges in 1895-6 are approximate.
1895-96 of $112,598 and in 1894-95 of $108,546. Company’s figures:
Gross.
Net.. Int. <6taxes. Rentals,etc. Balance
Tear.
Qi'oss.
Set.
Otherinc. In t.,ta x es ,etc. Balance. 1896-7............ $636,523 $164,272 $350,903 $115,996 def.$302,627
1895-6....$754,420
$202,420
$3,800 $260,622 def.$54,402 1895-6............ 813,780 295,361
368,120
(?)
def.72,759
1894-5.... 768,818
268,551
3,564 267,943
sur. 4,172 1894-5.......... 784,730 358,601
354,095 16,133 def. 11,627
1893-4.... 781,090
258,430
4,563
267,643 def. 4,650 1893-4............ 632.020 338,839
291,123 22.333 sur. 25,384
—V. 64, p. 374, 518, 567, 1089, 1181; V. 65, p. 152.
—(V. 64, p. 42. 83, 135,181, 331, 374, 424, 566; V. 65, p. 152, 7 27 .)
O h i o t t i v e r l t l t . —R o a d .—Owns from Benwood, vVest Va., to Hunt
O h io V a lle y I t y.—Extends from Evansville, Ind., via Princeton
ington, West Va., 209 miles; trackage into Wheeling, 4 miles; leases on the Chesapeake Ohio <& Southwestern, to Hopkinsville, Ky., 139
Huntington & Big Sandy Railroad (opened early in 1893), Huntington miles, of which 21 miles, Princeton to Gracie, is leased; branches. 9
to Kenova, West va., on the Norfolk & Western’s new line, 11 miles; miles. Sold July 13,1897, for $1,050,000 to interests identified with
total included in earnings, 224 miles; operates Ravenswood Spencer Illinois Central.
iz Glenville Ry., Ravenswood to Spencer, 33 in.; Ripley & Mill Creek
E a r n in g s .— For years ending June 30,1896, gross, $362,581; net,
Valley, 13m.; total, 270 miles.
$100,462; rentals, etc., $14,040; balance, surplus, $86,422. In 1894-5,
S t o c k .—Authorized, $6,000,000; outstanding, $5,915,430; par, $100. gross, $355,964; net, $90,002.—(V. 65, p. 27, 69, 111.)
Bonds.—Trustee of the first and the general mortgage is the Fidelity
O ld C o lo n y I t f t . (U la ss.)—Owns road from Boston to ProvinceIns. Tr. & Safe Dep. Co. of Phila. The R. S. & G. mortgage is for $400,- town, Mass., Newport, R. I., etc., 4 9 5 miles; leases, 1 08 miles; total,
000. December 31,1896, there were bills payable, $150,000, and in operated. 603 miles. See S u p p l e m e n t of September, 1 89 4 . Will u se
treasury were $247,350 of bonds issued.
the new Union Station in Boston when completed.—(V. 62, p. 5 4 7 .)
E a r n in g s .— On 224 miles, i 1897...Gross, $593,564; net, $202,453
L e a s e .—In 1893 leased to the New York New Haven & Hartford
Jan. 1 to Aug.31 (8months.) i 1896...Gross, 639,301; net, 199,173 for 99 years. About $5,000,000 of the stock, included in table above,
A n n u a l R e p o r t .— Fiscal year ends Dec. 31. Report for 1896, with was exchanged for New Haven stock, and is held by that company.
The lease provides for dividends of 7 p. c. per annum on stock not
balance sheet, was in V. 64, p. 661 and 997 showing on 224 miles:
Tear—
Gross. Op. ex. <&taxes. Net.
Int., etc.
Balance. exchanged. See V. 56, p. 247, 374.
1896............$970,023 $669,930 $300,093 $278,380 sur. $21,713
St o c k , E t c .— An increase of stock from $12,000,000 to $15,000,000
1895............ 887,271 597,110 290,161
270,628 sur. 19,533 was authorized in Nov., 1889, and a further issue of $2,000,000 to
1894............ 712,431 464,258 248,173
263,322 def. 15,149 raise the grade of Boston <& Providence track for four miles, and
Ravenswood Spencer & Glenville gross for 1896, $48,116; deficit $3,000,000 for terminal improvements in Boston have been author
under oper. charges, $14,666. Ripley &Mill Creek Valley gross, 1896, ized, making total authorized $20,000,000. In April, 1897, $200,000
of stock was sold; total outstanding $16,308,900. In Jan., 1897,
$15,142; deficit under charges, $573—(V. 64, p. 661, 997.)
$400,000 of 4 p. c. bonds, due 1925, were sold for refunding and
«>Iiio Itiver Sc Charleston f l y . —Owns road from Camden, $2,200,000
of 1927 (part of $3,000,000 authorized in September,
S. C., to Marion, N. C., 171 miles ; branch Blacksburg to Gaffney, S. C., 1896;, were4s
for refunding 6s and 4L?s due Aug. and Dec., 1897.—V.
lO1^ miles; completed in Sept., 1897. Also owns and operates in 63, p. 602; V.sold
64, p. 234. None of the Old Colony bonds are secured by
Tennessee from Allisons’ Miilo to North Carolina State line, 32 miles; mortgage.
in Kentucky owned Richardson to Whitehouse, 8miles. A reorgan
F l o a t in g D e b t .—L o a n s a n d b ills p a y a b le J u n e 3 0, 1 8 9 7 , w e r e $ 1 ,ization in 1894 of the Charleston Cincinnati & Chicago.
0 1 9 ,0 0 0 , a g a in s t $ 8 7 2 ,9 0 0 in 1 8 9 6 . 1
B o n d s f o r E x t e n s io n .— In January, 1897, it was announced that'
D iv i d e n d s since 1 88 1 — In 1 8 8 2 , 6 ^ ; 1 8 8 3 t o July, 1 89 1 , b o th in
an extension would be built from Blacksburg, S. C., to Gaffney, 8. C.,
and that an issue of bonds thereon had been underwritten. On ex clusive, at the rate of 7 per cent yearly; in December, 1 89 1 (dividends
tensions in Nonh and south Carolina, it is said, $600,000 of bonds changed to quarterly), 2 » 10 per cent; in 1 89 2 , 7 ; in 1 893, March, 1%
in all vwill be issued at $15,000 per mile, $100,OoO being reserved for per cent; June, 2*3; thereafter 1% per cent quarterly under the lease.
old claims. Mortgage Trustee, Finance Co. of Penna., Pliila.
A n n u a l R e p o r t .—F o r year ending June 30, 1897, rental, $1,S40,E a r n in g s .— (2 month's)) 1897............... Gross, $25.389; net, $1,200 624. Operations since July 1, 1893, are included in N Y. N. H. <fc H.
report,
but the company’s statement of improvements, for the year
July 1 to Aug. 31.
>1896............... Gross, 26,671; net, 2,532
June 30, 1897, with general balance sheet, was given in V.
Earnings.—In year ending June 30, 1897, gross, $190,572; net, ending
65,
p.
565.—(V.
64, p. 42, 234, 664; V. 65, p. 463, 5 6 5 .)
$28,844; taxes and interest on floating debt, $14,112 ; balance, sur
Omaha llriclare Sc T e r m in a l I t y.—This comiiany owns and oper
plus lor year, $14,732. In 1895-96 gross, $200,069; net, $26,754.
Office, 310 Chestnut St., Philadelphia. President, SamuelHunt; Sec ates a double track steel railway bridge across the Missouri River be
tween the the cities of Omaha, Neb., and Council Bluffs. la. Also a
retary, John J. Collier. (V. 61, p. 27; V. 64, p. 181.)
of railway Between Omaha, South Omaha and East Omaha, Neb.,
o lilo southern It it ,—Owns Springfield, O., to Wellston, 118 miles line
Council Bluffs, la. In April, 1896, had in operation 39 miles of track.
and oranehes, 80 miles; extension from Springfield to Lima 68 miles and
It
has
connections with all the leading railroads reaching Omaha.
(completed in Dec., 1893); total, 266 miles. See V. 61, p. 9 2 5 . Traffic Mortgage
of 1893 covers the bridge at Omaha and the lands and other
principally bituminous coal.
property. A union station is to be built at Omaha to cost about $2,000,St o c k , E t c .— Stock outstanding, $ 3 ,8 4 0 ,0 0 0 ; par $ 10 0 .
000. President, John Lowber Welsh, Philadelphia. (V. 63, p. 969.)
R e c e iv e r s h ip — D e f a u l t —S a l e .— Receivers appointed May 9 , 1 895.
O m a h a K a n s a s C ity Sc E a s te r n I t I t .—(Nee Map Kansas
Receivers are now N. E. Matthews and F. P. Graf (latter appointed Sept. City & Sorthern Ooimccting.) —Owns road completed in June,.
18, 1896, in place of J. R. Megrue. V. 61, p. 325. First mortgage 1897, from Pattonsburg, Mo., to Trenton, Mo., 35 miles, connect
coupons due June 1, 1896, were paid in Sept., ’96. December, ’ 9<>, ing the Quincy Omaha & K. C. (135 miles) and the Omaha & St.
inn-re t on firsts was not paid. In October, 1897, it was expected that Louis (145 miles), which roads will ultimately be consolidated with the
a plan of reorganization would be issued by the gen era l m ortgage O. K. C. & E., as will also the K. C. & Northern Connecting Ry., 72
committee before the close of the year.
miles—see V. 63, p. 190. The Q. O. & K. C. is leased and has been
r, 1897. Omaha & St. Louis is also operated
C o m m it t e e s .— First Mortgage: Chairman, W. A . Rea<1 of Vermilye & operated since early in Jul3
Co., Simon Borg, Henry Sanford, Edwin S. Hooley and Thomas Denny. (since July 29,1897). When consolidated these roads will form in con
nection
with
the
K.
O
.
Pitisburg'&
Gulf a new through line to the
General Mortgage: .John I. Waterbury, President Manhattan Trust
Company, No. 1 Nassau Street, New York, James D. Smith, Chair Gulf of Mexico.
B O N D S .-T he O. K. O. & E. first mortgage is for $14,000,000: bonds
man, No. 42 Broad Street. N. Y., Jules S. Bache, Rush C. Hawkins, W.
G. Wiley and E. L. Oppenheim; depositary, Manhattan Trust Co., N. are to be issued at $20,000 per mile on road built w ith additional
Y.—V. 61, p. 27, 1065; V. 62, p. 139, 32o. To Oct. 18, 1897, trust re amounts for terminals, equipment and bridge over Mississippi River,
ceipts for $1,255,000 deposited general mortgage bonds had been if built. President, A. E. Stilwell, Kansas City; Gen. Man., John M.
Savin—V. 63, p. 190, 459, 1116; V. 64, p 84, 954, 1225; V. 65, p. 195.
listed on the New York Stoek Exchange.
Om aha
S I. L o u t* It I t .—Owns Council Bluffs* la to Pattons
R e c e iv e r s ’ C e r t if ic a t e s .— Certificates for $118,000 (July, 1895),
were pledged for tunds to pay first mortgage coupons due June 1, 1895, burg, Mo., 145 miles. Operated since July 29, 1897, by Omaha, K. C.
tieirlien is subsequent to the nrsts. V. 61, p. 152, 367. Additional & Eastern.
H i s t o r v , E t c .— Successor in June, 1896 (per plan V. 62, p. 41,1177)
certificates for $365,000, having a lieu prior to the first mortgage, were
sold iu February, 1897, to pio Hde for overdue car trusts, labor claims, of the Omaha & St. Louis Railway, sold iu foreclosure Jan. 27. The
new company is to exist until consolidation with Quincy Omaha <fc K.
etc. V. 64, p. 374, 424.
B o n d s . Both the first and the general mortgages are to the Central C. is effected, when the consolidated company will be operated in close
with the K. C. Pitts. & Gulf and necessary extensions and
Trust Company, as trustee. Of the consols only $300,000 have been connection
built.—See K. C. & Northern Connecting Ry.; also Y. 64,
executed; they are held as collateral for car trusts. Car trusts mature connections
p.
84.
N
e w S e c u r it ie s .—Capital stock, $2,590,000; for bonds see
about $150,000 yearly in monthly instalments. In December, 1895 table above. Under the reorganization plan of Dec. 18, 1895
floating debt was $326,000; in April, 189b, generals for $287 000 (V. 62, p. 41), the old firsts and seconds received 75 p. c. in the new
were issued.
4s and 25 p. c. in new stock and $12-50 (per $1,000 bond) as dis
^ * RNIN?8-r^Ln° *1 t0 SePt* 30>9 months, gross $471,932 in 1897 tributive share of net earnings to July 1. 1896. The new bunds are
$550,o90 in 1896.
subject to redemption at par. (V. 64, p. 42; V. 65, p. 27,195.)
RAILROAD
OCTOBER, 1807. J
STOCKS
AKD
io r
BONDS,
Su bscribers w ill c o n fe r a great fav or by g iv in g Im m ediate n otice o f an y e rro r d is co v e re d in these T a b les,
}
F r e t stock, 4 per cent, non-eum., ro t. tr. ce rt.
Or. Kv. A S a t ., 1st M. bonds. g.,s. f., dr’ n at 100
Consol, m ortgage. $24,900,000. g o ld ................. e '
O r e g o n Short L i n ' H H .—
Common stock, #‘2 7.460,100................................
Ur. Sh.L, 1st M., p. Sc 1., gold —see V.63. p.802.,
Utah A Nortti’n 1st atom , #12,000 per m ile..... o*
Consol. M., g u „ #15,000 p. in., #. 1 not drin.g.e'
Consol. 1st m ortgage, #36.500,000, g o l d ---------e*i
bond*—
II
Incom e
600
477
477
1,479
T|
1*1»“f
Non-cumul»Hve
643
1,063
1887 $1,000 #19,625,000
5 g. J.
100
....
3,000,000
100 24.000,000
....
100 13.651,500
J.
4,451,000
1879 1,000
J.
1890 1,000 15,CO9,0uO
....
100 2-4,778,600
6g. F.
1882 1,000 13.651.000
1978 1,000 a 1,993,000
J.
1,831.000
1896 1.000
5 g. J.
1897 500 Ac. 10.337.000
5 g. J.
500 Ac. 7,185,000 4 p. e. in
500 Ac. 14,841,000
3-4
Series A, 5 per ce n ts,#7,133,000..........................
Series B, 3 per cent for 3 years. #15,000,000. .
A J. N, Y., South Pacific Co. July 1, 1927
N.Y. Cent.Tr. A Boston. Oct 1, ’97,1%
J. N. Y„ Sec. A Trust Co. July 1, 1909
A D. New York & Germany. June 1, 1946
&
A
A
A
A
A. N.Y., Guar.Tr.ABoaton.
J.
do
do
J.
do
do
J.
do
do
*4
596
Oregon <f Cal.— l stM.,g.dTuat 100 gu.p.AL(end).eOregon Im provem ent —See MlSCBHASKOtJS COMPAQ IB
! S.
Oregon Central <f Ha-item . -Stock. #3,000,000...
O r e g o n U H . *fi n a v i g a t i o n —
C o m m o n stock voting trust certificates...........
** to
on first pave of tables.
B o n d s —Princi
INTEREST OR DIVIDENDS.
, Miles Date Size, or Amount
pal, When Due,
of
of
Par Outstanding Rate per When Where Payable, and by M ocks— Last
Cent. Payable
Whom.
Road, Bonds Value.
Dividend.
'
RAILROADS.
Feb.
July
July
July
1,
1,
1,
1,
1922
1908
1920
1946
N.Y.A Bast.,when earn, July 1, 1946
do
do
July 1, 1940
a O f which Onion Pacific collateral trust* held.
Jan. », 1898, #3,962,000.
1
E ts x n to s .—For fiscal year ending June 30, 1890. gross, #317.384; : F or 1996-7misccUancou* incom e was #50.590; total net, #1,785,759net. #52.545. In 1884-93, « r o « , * 8 § 0 ,9 3 l; net. 81,977. In 1*93-94, Interest on fu n d e d debt, #997.040: siukius fund, depreciation, e t c ..
gross Incom e, # 155,907. «V. 64. p, 42, S i, 1225; V. 65, ]>, 2 7 ,1 9 5 .)
*214,664. Balance applicable to dividend-, *873,455, from which
Oregon 6c California U K . —Prom Portland. Ore., t « California ; paid l p c. iliv. on preferred In O ct., 1897, requiring #110,000.
State itoe, 367 m iles; Albany June, to Lebanon. 12 m iles; Portland to I OvPb-Kits.—President #ept.. 1897, A L. 41oilier; Seeretory an d G en
UerreUls. 9 7 mites; W oodnaro to Natron. p'Jmtlr*; purch as'd In 1893 j eral Attorney, W. W, O otton ; A ssistint Secretary, 11. C. Tracy, 15
O regonian R R and Portland * Yamhill RR-; P ortland, Ore., to A lriee. I W a llet., N Y.; Treasurer. A. Mareus, 27 William 81., V, Y.; Assist
Ore., and branch. 85 mile*. Total. 654 mile*.
ant Treasurer, O. E. W lthlnston. General offices, Portland, Ore.
L kask , ETC,—Leased to Southern Pacific Co. fo r 4 0 year* from Joan —IV.6A, p. 112, 369, 45 ft 164, 1 6 9 ,5 7 2 .!
ary 1 . 1887, the ieeeeo guaranteeing Interest on the bonds, and the lessor
receiving s a y n et profit and being charged vrtttl any deficit after pay- ! O r e g o n s h o r t L i n e K i t , —t.Vse
Owns Granger, W yo„ to
rneut o f charge*. Betterment* are p ayable by !<*•«■. p aclse Im p r o v e -: Huntington Ore,, 542 miles; branch to Ketch urn, Idaho, 70 tn.j Ogden to
Burnt Co. owns the bulk o f tt« M9.tW0.OOO stock, #12.000,000 o f which ; SlfCiiaiinun. Idaho. I l l m iles; Pocatello to Silver Bow. Montana, 256
1# 7 p, e. pref.; par Is #100, Dae 8m Poe. Co. Jan 1 . 1898. #1,697,394. m iles; Lehl Junction to Pintle. Utah, 54 m iles; Ogden. Utah, to Frisco,
again st #>155.580 In 1905. 0o. P ac. guarantee* the bonds p. A l. by en 275 m iles; sundry' branches, 122 miles lo f which 40 m iles narrow
lUgei; total, 1,43ft mile*. Also own* but leases to the M ontana
dorsem ent on each.
Bonus.—Land grant w as about 4.000.090 acres, part o f which is { alon Hy., Silver Bow, Idaho, to Butte, Garrison, M ont., etc., 5 7 tulles.
cov ered by the m ortgage, proceeds o f land sales g oin g to redeem bond* j lltsT oltr.—Successor March 1 0 ,1 8 9 7 . o f the Oregon Short Line A
drawn at par. Bales* purchasable lower. Trustee o f m ortgage. Union - Utah Northern By., sold under foreclosure subject to the Oregou Short
Trust Com pany, New York. The Southern Pacific guaranty o f print!- ‘ Ltne m o n g u g o o f 1892 and the Utah Northern mortgages, and reorgan
pal and interest Is printed on each o f the 5 per cents. In 1995 net land |ised per p l a n o f Feb. 20, 1896, lu V. 62, p. 504, 505.
t
sales subject to raort. were 6.608 acre* fo r #23.878—See V. 83, p. 754.
The old com pan y was oontrelled by the Union Pac Itlo Railway Co.,
B u r n t * ? * . — Y e a r e n d i n g D e c - 3 1 , 18 9 6 , g r © » » . # 1 ,4 4 1 ,1 2 7 ; n e t . # 1 6 8 . - which operated It tinder a traffic agreement, V. 05, p. 572, 730.
731; I n t e r e s t casrge*, #955.028; b a l a n c e , d e tte tt f o r y e a r , # 7 8 8 ,2 9 7 . ,
CAMTAl.8nX!<c.—Stockauthorised #27,460,100, o f which #7,558,350
l a 1 9 9 5 g r o s s . # 1 , 6 0 3 . 4 3 8 , i n 1 9 9 4 g r o s s , * l , 7 0 7 , 1 7 A . - l V . 8 3 , p. 7 5 4 . '
Is held a* part security for the V. V. collateral trust notes of 1891. A
O r e g o n C e n t r a l * H a s t e n s l i l t —O w n . from Ya-iuitia toldan ali. m ajority o f the new stock ( o r # 14,370,000) trader the plan went pi the
Ore., 142 miles. Land grant was 85O,0OO acre*. Organized lu 1895 j old bondholder*. The old stock paid, an a— -..m e n ; ot 12 p e rc e n t and
a* successor o f Oregon Pacific, sold In foreclosure Dec. 22. 1894.
received 50 p er cent in now com m on and 12 p. c. in bonds.
E am shcm . - in year ending June 3 0 , 1898, gro**, #99,503; net, #17, ‘ i
983; no » * e d charge*, in year ending Dee. ill, 1895, g r o s s ,#04,407 > O k verai . PlS ASct*,—By the reurvaiiljaltoa the annual lived charges
net. 85,399 President, A. it, Hammond, C orvallis, Ore. |V. 8 0 ,p .7 12.i j were reduced from #2,788,575 to #1,853,770 and the nm rtgogo u»debt- dne—, new and assumed, to about #20,000 p. in. The plan proO r e g o n I m p r o v e m e n t t*n, . .# » B M H C S tU lW W O O k rA IU tt.
vldwl fo r payment o f a w - m e l i t on the #10,291,400 o f Oregou Ry.
O r e g o n K a l l r o a d 6c N a v i g a t i o n C o ,—Eoad East Portland. A Navigation stock, thus insuring to the new com pany » m ajority of
Ore,, to H untington, Ore., 403 miles ; branch' , 66ft; leases ‘2 mile* i the common stock o f that Im portant property now reorganized as the
total, 1,06.4 tulle*; river division water line*. 35# mile*, o f which 1ft Oregon Railroad A Navigation Co. T he new <**cnri!te» were lifted on
marrow gauge, Ocean tins to t a n Francisco, 6 6 0 mile*. V. 63, i>. 969_ ! the N. Y. stock Evehangc In J u ly, 1897—«st V. 65. p. 89, On list.
O no * otxati o x. —Organised in J u ly. 181*6, per p in t s In V. 6 1 ,n. 32ft Oet, 2ft, 1807, were : Consol, 4*. #10,009,309. Income As, #7,09 ,00 0;
aad V. 62, p. 41, ami Aug. 1 7 » « c c w le d to the p roperty and franchise* o f K-. #14,<U8,U00. Intsrest charge* ahead o f S cn et A incomes are
the old Oregon Hy, A S ivlgatlou Co. sold in foreclosure under the #1,853,770 anil 5 p. c. on the A* would call fo r #359,250.
consolidated m ortgage July 9 and o f the branch Jibes sold July 10 and ; BOOT**.—O f the #36,500,000 new flee t eooeols, #24,162,000 arc reJuly 13 V. 61, p. 76. 116. Old IM D l p std i u s s o u m t Of 6 p. C. ftr«- «' rv cd to retire at maturity the loan* not disturbed and #2.001,000 are
also V. 83, p. 3 1 1. The O regon Short Lint) o w n s #16,281,400 <» m ajor res- rved for future tow, the balance being Issued atonoe. These bonds
ity! o f the common stock a t the Oregon BK. A Navigation On. The . an- a first Hen on about 400 miles.
Northern PatrlSe own* #2.391,05** preferred stock ; the Northern ! Series A Incomes arc non cum ulative and M M
to dividends o f 5
P acific, Great Northern ami Tnlon l’ a* ill- bayin g oeau lred aeeiffre; i
per cent p er annum; In September, 1807, I p. e. was paid on account
lute rent la th e preferred. See V. 94, p. 28# . V. 05, p. 572.
o f coupon No, I (Interest being payable yearly! nt Guaranty Trust Co.,
V o n s o T s t s f . - P i e Central Tru*t Co., a* trustee, is to hold the N. Y. or Old Colony T r.i-t, Boston.—Y, 05, p. 412.
voting pow er o n all stock till Aug, 1 7 .1 » « 0 . unless ibe tr««t bo sooner ! Tip o . K. A 5. stock is placed lu trust us special security fo r
term inated by the w s o o ; s t holder* o f two-thirds o f each rl*»* o f ! the S trict 8 tneomes, bu t dividends thereon are to go to the Short Line
eerttweaies. o r Until dividend* aggregating 20 per cent o f flic par com pany ex cep t as needed to pay toHorlc-s 11 their full Interest. The
value o f the preferred *teek shad have been paid o f shall have been Sorb-s B bond* will receive from earning* If earned only 3 p. e, interfu lly guaranteed at ret#espial to not less than « p e re t. per annum. ! est annually tor first three years (but an y dividend on u. R, II, A- N.
T ii- trout insure.. to the brefeem g stock certificate* (<>f which #:*, stock shall go toward m aking up the full 4 p. et), and then 4 p. e.; they
2 *hi.? 5 * went to bolder# Of old consol* and collateral trust bonds) Uio ; will tie ropreseuted by tw o d irectors; tuolr consent m ust be secured to
right to nominate to o directors »n*l to the com m on stock certificate" j any tease o f the property unless their Interest is guaranteed thereby.
the right, to nom inate tlv* directors. Provision# o f voting trust MM i No additional lieu shall be placed ahead o f Series A and B without
the consen t o f a m ajority Interest.—V. 65, p. 572.
1 referred wrfflb-ate* were In 8cw «.r-w »;«T A pril, 1807, page 5.
f
DlVIft-OT ».—On « referred first dividend was paid July 1,1897, 1 Latest K abn iso s - S m o*„ J 1 8 9 7 ..G ro ss,#3,700,761i n e t ,#1,785,466
p. o.; Oet, l p. 0.—v. 0ft. p. m t.
Jan. 1 to Aug. 31.
> 18 96..G ross, 3,525,618; net, 1,492,628
BOOTH. -T h e consolidated m ortgage o f 1898 ( a b s t r a c t Y. 03, p.
928; trustee. New Y ork S ecurity A Trust Co.) oover* all the com pany 's
property, present and future, em bracing 1,0*13 mile* o f road, o f which
64.1 mile* are subject to the tlrst m ortgage o f 1879, which in January,
EvUNiNos.—From March 16,1897 (when now company took possess*
- . ft- J tine 30, 3>.; muutn*, gross, #1.720,71)7, ;ig;imst #!.0I«,3I17 In
1806; not, #970,570, against #822,879. B efore reorganisation earntug* were :
latter m ortgage is due la 19.49 and Is being p.ud o ff by stnklng fund.
Tear.
Orost.
Year.
dross.
Nel.
Net.
O f the #24.500.000 new consols authofired. #15,174,000 were issued 1896----*.#.>,578,873 #2.261,224 1893 ........# 5 ,8 6 1 ,6 3 4 # 2 ,0 7 8 ,3 9 5
or reserved to be Issued In exchan ge for old ronsols and collateral 1895....... 5,394,197
2,235,270
1892.......
7,201,199
2,070,122
trust bonds, #8 ^ 9 0 ,0 0 0 were reserved fo r retirem ent ttertregb sink- 1894....... 5,046,682
1,151,447 1801....... 7,574,450 2,783,914
lag fnmi or otherwise o f #4,900.000 firsts , since reduced to
present figures! o f 1879, #1.106,»<hi will bo lined for bottorm euts, eln., Actual net income, all *-mrcos, year ending Doc. 31,1S06..#2,355,438
and #3.830,000 for the oohstruistlon. If d-euied advisable, o f Oddi- Total annual fixed charges of new company........................ 1,853,770
tionai ro»>l to the month o f the Colum bia R iver or elsewhere at the
O rncK SS, Feb.. 1897.—President, Samuel Carr. V ice-P resident and
rate o f n ot m ore than f'Jft.OOO per m ile o f constructed road. See fu r
General Manager, W. II. B ancroft! Secretary and Treasurer, T. K .
ther particular* in V, 83, p, 9611.
Cummin#. J r ; 0. A , H ubbard, Com ptroller.
F-ref m ortgage has a Making fund to boy hoods »t or below 110, or else
draw them at par on January 1- see V. 64, p, 84,
Lstsst EAKVtsfts,—From Jan. 1 to' Aug. 81 (8 montlis) In 1897, gross,
#2,975.693; net, #1,101,868; In 1890, gross. #2,651.81X4.
K»-I»0BT.—Report for 1896-7 at length, in V. >9, p 439, !«!>.
Year enti, J u n e M ~
18b",
1800.
Sail line*....................... ....... ................. #4,U0.381
#3,752,944
Water line..,...........................................
547,543
576.164
Total gross.... .................................... #4.677.1*24
#1,320.108
3 ,6 1 6 ,4 8 6
Operating egpenses and taxes................... 2.942.745
Net (•urtliBtgS.
#712,622
#1,735.179
DIRECTOR*.—Oliver Ames, 6funnel Carr, Henry G. Nichols, Boston;
Alexander K. Orr, Francis 8. Bangs, New York: Tnmnas R, Jones, Sait
Lake City; Gordon A bbott, Boston; Charles It. Coster, New fork ; T.
Jeffcrton Coolldge. Jr,, Boston; Gardiner St, Dane, Boston; Walter G.
Oiikman, Now York; Nathaniel Thayer, Boston, Waiter E. Glynn, N ew
York, E. B eilins Morse, Boston, aiui Ed ward F. W hitney, Boston.
Oppicb.—Financial Olflee, Ames Building, Boston,—(Y. 05, p. 572
736.)
O r e g o n s h o r t L in e * ( t a ll N o r t h e r n H y , - See Oregon Short
Line above.
B Lj,t
^ '. ■ li^ ^ T v o r
KtxsI.adQ. V /N e I« o n \ |
INVESTORS’
SUPPLEMENT.
[Voi, LXV.
RAILROAD
October , IbOT.j
STOCKS
AND
BOKDS.
109
S n b serfb ers w i l l c o n fe r a g r e a t fa v o r b y g i v i n g Im m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d In tb e s e T a b le s .
RAILROADS.
IMiles Date Size, or Amount
of
1 of
Par i
|Road. Bonds Value.
Omcego as S yracuse— Stock, 9 p. c. guar., D. L. & W. !
$50 ; $1,320,100
35
35 - 1376 1,000 | 438.000
Consolidated mortgage (guar. II. L, A W.)..........
Construction M„ guar.prtn. A InMfor $1,000,000) 1 35 1833 1,000 1 668.000
Otcenstmro u
EX iu h rilU — 1st mortgage, gold........ o' 1 88 1381 1,000
2 , 000,000
48
7.000.
100
Panam a —Stock.................................................. i
Sew 1st JL,$4,000,000, sX,g, red. 1903,at 105 c ; 48 1897 1,000 i 2.000.
Subsidy bouds.,g., drawn at too. SeeY.S4,p.705.e*
1880 1,000 I 1.732.000
13 . . . .
P aterton <t H u d .H ie . —Stk., $ p.c. rent. N.V.LE.iW.
50 j
630.000
288.000
Patersott if R a m a p >
—Stock.............................
____
ftew Valley— Receiver's certificates, $110,000.
100.000
2.340.000
i « mortgage, gold, $$.000,000....................... o' 104 1893 1,000
533,700
....
100
....
P em ig *w u *rt Tattmt lift.— Stock.................
P e n »»mj lva n ta I t I t .~S toek....... ..................
50 129,303,250
508 1867 $ or A 19,997,820
508 1875 1,000
1.961.000
2.757.000
508 1875 1,000
Currency coupon
568 1873-4 £200 22.762,020
Sterling bond*...
3.498.000
568 1879 1,000
1.500.000
'568 1879 1,000
5 - l e Gold sink, fund, 1 p. e., not drawn. .o' 568 1893 1,000 3.000.
568
4.850.000
1895
£200
,
51
Sterling Is. f. in 1!
.
Pond* (P. W. A B . stock as collar.) not drawn.
1881
1,000 7.702.000
. , . . 1831
5,000
1.000.
9,1)00.000
Collateral trust loan, gold, not drawn....... ......c- . . . . 1883 1,000
2.728.000
1889 1.000
Equip. Tr. gold bonds (a. f. 5 p.c.) not drawn....**!
1884-3 1,000
50.000
Penn, ear Trust (la series payable h o yearly)....;
..... ’86-91 1.000
1.787.000
Penn. Equip. Truet (la series payable *jo yearly)
2.270.000
1892 1.000
Pena. Rolling Stock Trust (1-10 payable yearly,.;
300.000
5,000
Del. At*. Market 1st mortgage......... .........
1.000 | 200.000
illl
Delaware Ave. Bloodgood property...........
1893 1,000 2,000,000
Penn. RR. real estate purchase money gold M.e'ar
INTEREST OR DIVIDENDS.
’
F.-A..20 N. Y„ Del. L. A W. RR,
M. A S .
do
do
M. A X. X, Y„ Farm. L, A Tr. Co.
M. A X. - Y„ 120 Broadway.
.....
X. Y., 29 Broadway.
000
..........
0001 h g. A. A- O.
SI. A K. X, Y., 29 Broadway.
I 8’ J. A J. N. Y.,44 Exchange PI.
J. A J. X. Y., 44 Exchange PL
8
8
5 g. A. A 0. Apr., *95, coup. last pd.
6
P. & A.
5 in 1896 M. A N. Philadelphia, Orlice.
See text Phila. Ottiee A London.
6
Q.-M./J Philadelphia, Office,
6
do
do
J.AD.y
6
e J. & J. Philo, office and London
Q.-M. Philadelphia, Office,
t5 sg.' >L A S.
do
do
000 4 g. M. A N. X. Y., Farm’s I,. A T. Co.
3%g. J. A J. Lond.,Jo!nt-St'k Blt.Ltd
J. A J. Phila., Pa.Co.for lus.Ao.
4
J. A J.| Phila.. Co.’s Office.
000 5
J. A D. Phila. .Provhl’tL.AT. Co.
M. A S. Phila., Hir’d Life Ac. Co.
PUila.,Provid’tL.AT.Co.
Phila.,Tr. 8. Den.AI. Co.
4
' Quar. Phila., Hir’d Life Ac. Co.
4
M. A 8.
Philadelphia.
i ! 10 M. A 8.
Philadelphia.
4*io
4 K. M. A N. X. Y„ Farmers’ L A Tr.
9
7
5
6 g.
f* w
-
bVef/.s’—Princi
pal,When Due.
Stocks —Last
Aug. 20,1897
Mob. 1, 1907
May, 1923
Nov. 1. 1931
Jam 3, 1893
Out. 1, 1917
Nov. 1. 1910
July, ’97, 4%
July, >97, i %
Apr. 1. 1943
Julie 15,1905
June 15,1905
July 1, 1905
Sept. 1, 1919
Sept. 1, 1919
May 1, 1943
July 1, 1945
July 1, -1921
Jan. 1, 1901
June 1, 1913
Sept. 1, 1914
1897 to 1898
1897 to 1901
1902
Meb. 1, 1909
Sept. 1, 1912
May l, 1923
SK' i’ itiTiK* O w n ed .—The total coat o f those to January 1 , 1897, wa
Oswego A w y rm e u a e Kite-Own*from Oswego, X. Y., to 8yracu».\
X.
33 mile*. Leased to I860 during length of charter and renewal ! $119,947,805, moat of which are pledged to secure Pennsylvania Issues
thereof to the Delaware Lackawanna A Western Railroad Company foi <Revenue derived from thus* eeourKJv* 111 1896, $4,615,433.
9 percent per year ou $1,320,400 »to*k and Interest ou bond*.
fU m rai. S t o c k . — Stock uuUiorlrcd by la w $ 1 5 l,7 0 0 ,0 0 0 ; the am ount
ow en sh ore Ac Va.UvIlle It y.—Own* from Ov . mlmro. Ky., to ontstauding ha* iieen increased from time to time, ehieily by sale at
A d a ir r llt e , K y .. $ 4 rallea; M u d R iv e r B ra io-h , I mil.-*, Op<-rated b y t par to stock holders, fo r new aequhdtlon*. etc.
L o h ls v llls A X x -b v IU c R a ilroa d , which o w n - th e $ 1 ,1 6 6 ,5 ) - s tock ip n r , D tv u v ex m « *83 ’ 84 '85 '80 ’87 ’ 88 ’ 89 '90 ’91 ’92 ’93 '94 to M ay’97
$ 1 0 0 ; a n d $ l ,2 0 0 ,o o o o f th»* first m o rtg a g e b a n d * - a l l h e, b on d * an d i per cent. is>s 7 5 5 5»a 5 5 5*4 0
6 15 5 yearly.
tam-1 o f th e s t o c k lining p le d g e d u n d er its t r a i t d. <4~. E arning.- a r e j
t Aud also 2 p e r c e n t to scrip.
n ow in c lu d e d In th o s e o f the L, A X.
Bond *.— I n t e r e s t o n g e n e r a l m o r t g a g e 6s o f 1867 Is payable on coupon
P a n a m a I t I t Itu.uj—C olon t o Panam a. 48 m.
C o m p leted 1 8 5 5 '
In Decern her, 1 89 5 , a n a g re e m e n t w as m a d e w ith P a cific M a l l s , 8 . : bond* January 1 and July 1; on registered bond*. April l and October 1.
T
he rutcsatUlnicH mortgage o f 1873 f o r $ 1 0 0 ,0 0 0 ,0 0 0 s e cu re * all th e
to ra n threw y e a r -. a n d c o v e r Joint tralti. b e tw e e n S e w Y ork an d
e o iis o b M ita lly , th ou g h Issued a t d ifferen t d a tes; o f th e a m o u n t au th orC e n tra l A m e r ic a , M e x ic o a n d th e U. 8 . M i l c e M . V. 8 3 , p , 76.
ire d , a su fficien t a m o u n t i» r e s e r v e d t o re tire th e ge n e ra l m o rtg a g e o f
D m i i f . S M . - J ’ 8 5 ’ 8 6-7
’8 8
*tl> ’ 9 0
'P I
’ 92
‘ 9 3 i N one
18i>7. It co v e r* all th e p r o p e r ty and fra n c h ise * o f th e co m p a n y ,
S i n c e ’8 4 p . ct. ( 10
n il.
23
U
ft
5
2
2 ( s in c e
in c lu d in g it* m ain lin e from P h ila d e lp h ia to P ittsb u rg , a u d b raneho*.
lie*, p a rtly fo u r -tra ck e d , to g e th e r w ith real
Bonos.—The new mortgage of 19971* for $4,000,000. of which $ ,- tmtng u tota l o f 517
0 0 0 . 0 t.o t o re fu n d th e 7* d u e O ct. 10, 1 60 7 , b a la n c e fo r o t h e r tton w i-e s. e sta te an d eq u ip m e n t. It l* a lso a first Hen on th e e m u p a n y ’ * le a se h o ld
T ru ste e * , C en tra l T ru st C o ., X . Y .,a n d W m . N elson C ro m w e ll, X . Y .; the In terest t o o ilie r ra ilro a d line* and ca n a l*, a* w e l l 's * o n sh a re s s a d
s in k in g fu n d t* 8 1 3 0 ,0 0 0 y e a r ly a n d b o n d s m a y b e d r a w n fo r s. t stt b o n d s o f o th e r c o m p a n ie s o f a n e stim a te d ea*h v a lu e o f o v e r $ 5 0 ,0 0 0 ,
1 0 .); t h e e n t ir e l* * o e m a y M c a lle d fo r p a y m e n t a n a n d a fte r A p r il l , 0 0 0 . T h ese neeurtttc* p r o d u c e d in 1892 an In co m e o f o v e r $ 2 ,6 0 0 ,0 0 0
Nlnklnv fund f o r co n so l* J a n . I, 18 9 7 , b old —C o n s o ls ca n c e le d , $ 1 ,7 7 1 ,11)03, at iU & .-V . lift, p 5 1 0 .
T h e mtbMttjf b on d * a re secu red b y an m ud gn th eot a n d pledge 9 8 0 ; o th e r s e cu ritie s, $ 1 ,7 9 9 ,6 8 2 .
The 4 p er e.ent loan 0/1891 la sosured by pledge of Philadelphia Wlim a d e bjr tin? 0 . 8, o f C olu m b ia to t h e tru stee* o f $ 2 2 5 ,0 0 0 a n n u a lly , o f
th e a n n u a l s u b s id y o r r e n ta l t o th a t e x t e n t p a y a b le to said g o v e r n m e n t i mliiiftoi* & BalUxiiorw stoclt.
b y th e c o m p a n y , a n d a re d ra w n an d p a id o il o n N o v e m b e r 1 y e a r ly w ith ! The collateral t r u s t loan of 1*93 1* secured by the d eposit o f m ortgage
a n y su rp lu s » f the s u b sid y n o t n eeded tor tntcre*t; -in k in g fu n d J an . i bond* of subsidiary line* to the par value of $14,276,000.
1,
1 89 7 . h eld $ 3 2 6 ,0 0 0 *tib*I4y bond*. there h a v in g been p a id o f f : The guaranteed securities are bought with 1 percent o f the net Incom e
$107,000 on S o v . I , 1 8 8 8 ; $114,000 auh-uly bond*called f o r p a y m e n t yearly, and $8,212,730 (par value 1-0 purchased were held Jan. 1 ,1 8 9 7 .
Nov. 1,1897. geo statement a* tosutjsldy bond*in V. 01, p. 703,
OtiAttJk.vTKBi* Bonds.—In addition to ’’ guaranteed rentals,' the
Pennsylvania HR. ta contingently liable under guaranties on certain of
A * * f * l , Rr-riiKT.—Ttie r e p o rt to r 1 896 InY . 8 1 , p . 7 0 3 , t h a w e d :
1
2
I'tur
tin ts
fa j le c .3 1 . Mammas.
11
the lioyds of the following companies, the nature of the guaranty being
}itttftiOJf
surplus,
Ba-minm. Stramthms. Charge:*, tncl, Othrr Jnc. described to the separate statement for each company—which see.
18> <i..... $1,201,374 $810,170
1 8 9 5 ....... 1 ,3 1 1 ,8 3 4
886,831
**25,539 s-10.392 snr. $545,845 I Allegheny Valley By.
Balt. A Potomac RR.
Beividere <k Del. RR.
Camden A Burlington
Company KK.
C'hartlers Kv.
Connecting
Ry.
Fateraon A Ifndaon K iser.—Own* from Weehawken, X. J„ to OlrardPL Storage
Co.
Fatereon, S. J., 13 mile*, double track. Lvasad In perpetuity at $48,400 Junction
RR.
r y e a r to .Erie R R . (fo r m e r ly N e w Y ork f a l u E rie A W este rn ), fo n u -
ilef. 3 3 8 ,7 5 9
4 * 4 ,9 3 4 * u r
62.9 41
T li* ch a rgee a b o v e t o 1 888 la ctm U -: L ig h te r a g e , $ 1 1 6 ,8 0 3 ; gen era l
e x p e n s e * . $10*2,379; o t h e r ex p etw e*. $ 1 3 7 ,3 3 1 ; a u b a toy p a y m e n t,
• 2 5 0 ,0 0 0 : in te re s t on tterSiBB Im n d *. $ 2 3 9 ,6 1 9 ,— (V . 6 4 , v. 5 1 8 . 7 0 S ,
7 0 7 , 5 1 6 , 5T2.>
K ( p a rt o f It* m ain Uns.
Ilarrtsb’g Portsmouth
ML Joy A Lane. RR.
•Mi Holly Lumberton
A Medford RR.
Pennsylv’a Canal Co.
Pisonnylvanla Co,
Phila. Oermuntown A
Chestnut am RR.
Philadel’a A Erie KR.
River Front RR.
Susquehauna Coal Co.
Trenton A Delaware
firldgo Co.
Tyrone* Clearfleld Ry.
United X. Jersey RR.
West Chester RR.
West'll Peimsylv. RR.
In S ent.. 1897, $ 5 ,0 0 0 ,0 0 0 P e n n s y lv a n ia C o m p a n y S eries A g u a r
F a t< r s o i i Ac K a i n a p o K i t . —O w n s from P a terson . X . 3., t o N ew a n te e d tru st c e r tto e a te * w ere issu ed see P e n n s y lv a n ia C o m p a n y .
OENKKAi,
PinANCt;*.-Mortgage* and ground rents payable were on
Y o r k S ta te Line, 14 m ite*,d ou b le tra ck , p a rt o f m ain line, o f E rie R R.
(fo r m e r ly X . V . L. K. * W .i. to w h ich U w a * lea sed S e p t 9 , 1852, Jan. t. 1897, $1,289,071. In July, 1895, *5,000,000 consol. 3^8 were
sold for Delaware River bridge, construction and betterments during
d u rin g leg a l e x is te n ce , a t $ 2 8 ,5 0 0 .
F eeo*
V a l l e y K y , — In op era tiots from
I'w n n C ity , T e x a s 1895. (8ee V. 61. p. 09.)
Latest Earning*.—Jan. 1 to Aug. 31 (8 months) d irectly o p era ted ;
t o E d dy , 8 8 m ile * ; e x te n s io n E d d y t o K oew eit, 7 5 m tteei t o ta l o p e ra te d
t o M a y. 1496. 164 mile'*. T h e ir r ig a tio n ey etem n o w c o m p le te d w ill Line* east of Pitts- /1897, gross.............$40,928,931; net, $12,581,202
s u p p ly 2 5 0 ,0 0 0 a cre* w ith w ater.
burg * Erie. i 1 8 9 0 , gross .......... . 40,884,681; net, 10,907,102
RsonOJtwtXATtos,—I n J u n e , 4 8 9 6 . t o p ro v id e f o r b u ild in g an e x te n - Line* v « i of P. A K.-Hros*.................. dec.854,100; Det,luc. 341,900
s lo a fro m R osw ell. X. M .,t o * c o n n e ctio n w ith th e A tc h is o n T op e k n &
ANNOAi. Report.—Flucaiyear ends Deo. 31. Annual meeting Is hel
B anto F e a t W ash b u rn , a d ista n ce o f 2 0 8 m ites, reon en n ik a tioa was at Philadelphia on second Tuesday In Marc!). The report for 1896 wa
o n d e rta k e n . N ew b onds fo r $ 2 ,7 8 0 ,0 0 0 w ill bn leaned t o im lld (h i* o x - given at length to V. 04, p. 465, 470; see also edftoiial p. 448.
te n s lo ii. le a v in g $ 3 7 2 ,0 0 0 to trca stjry. T h e p re s e n t m o rtg a g e w ill be
ca n c e le d .
T h e n ew ca p ita lisa tio n w ill he # 3 ,1 6 2 ,0 0 0 first m ortg a g e EARNINGS ON ALL MNB8 BOTH EAST ANK WEST OP mTSUBRO AND ERIE
The figure* for 1896 and 1895 arc as follows;
B*, $ 3 ,1 6 2 ,0 0 0 p referred 0 p . a s to ck , n n n -r o c a u la t iv , a n d $ 3 ,1 6 2 ,0 0 0
T ea r en d in g Dec. 31—
1,896.
1895.
co m m o n s to c k . N a m e o f n ew c o m p a n y w ill b e P e co s V a lle y A N orth'
Oros. earning*..................................$123,634,120
$130,319,354
ea ste rn KK - V . 6 4, p. 1237.
88,329.329
90,893,810
T h e o ld first B o n g a g i' b on d *, w ith O c to b e r. 1 89 5 , M l * u b «cg n cn t Operating expense-................. .
co u p o n * , w ill b e g iv e n 120 p c. in t h e n ew p r e fe rr e d a took a n d
in
Net earning*................................ $35,304,791
$39,425,743
n e w eatamop. T h e new Brat m o rtg a g e w ill c o v e r th e en tire Hue fro m
The income account ha* been as follows, the “ net Income ” given in
P e co s to W a sh b u rn . 372 m iles.
P e n d in g re o r g a u lra tio n th e ro a d 1* In th e hand* o f R. O. F a u lk n e r o f the first lint, being the amount of Income after deducting interest paid.
E d d y , N . M ., » * re c e iv e r , a n d $
o f r e c e iv e r s ’ mtrufteaten h a v e
INCOME ACCOUNT OF 1'EN'NSVI,VANIA RAILROAD OOMl'A.NT.
been iasued t o p a y th e flo a tin g d e h t anil t o m ake some, tm p ro v e 1895.
1894.
Tear e n d in g Dec, 31—
1800.
vnent In b rid g e s , e tc, T h e R e o rg a tilra tlo n C om m it i c e con sist* o f Net
$0,778,233
$8,779,258
in
co
m e Putin. R R . D1 v’ n
$ 8 ,8 9 8 ,5 8 9
C hairm an J, ,l. t t a g e m a o ; S e c r e to r y Joh n S. W ise, 44 B roa d 9 t.,
727,694
679,401
130.424
X . Y ; wUHam lintel!. Benjatniti U rnham , C harles A. H it* a m i D. M eCool. Net galu on X. J. D iv is io n .
24,505
11,400
5 3 ,1 0 8
P ra ctica lly all o r th e b e n d * h a v e been d «•(«•«Ited w itli Hu; C en tra ! G a in on P b iia . A E rie D l v ..
T ru st C «. o f S e w Y ork .
V. 6 2 , p. 9 5 0 .
; V. 6 4, p , 1227.)
$ 0 ,4 7 0 ,1 2 0
Balano* of Income-----$9,391,121 $ 1 0 ,5 3 0 ,4 3 2
F e n M le o w a s s e t V a l l e y It I t . —P ly m o u th . X. II.. t o L in coln . X . H ,
$ 3 7 ,2 1 7
$74,340
8 7 3 .0 4 8
2 3 m ilt*. lo u s e d t o B o sto n C o n e a n i A X o n t r m l (n ow U ou cord A P aym ents—T o tru st fu n d ..
324,780
324.780
C onsol, m ortga ge red eem ed .
3 2 4 ,7 8 0
M o n tre a l) fo r Q p. c. o n s to c k ,
150,715
8 2 5 .9 8 0
A llegh, Vai. HR. C o , - DeflC'y
2 4 4 ,5 7 0
l * e n i i * y ! v * n l a H H , — fSt.t ilapi—Lsgr.oy E o x d - The P eim sy lv a n la Kxtra ord tu a ry o x p « u s e s .. . .
1,327,250
1,385,272
1 ,5 1 6 ,8 9 9
•ystorn em btnea* 8 .9 7 7 m iles o f raalu tra ck , 1,725 m iles o f a eoon d track
and 1,269 m iles o f s id in g *, h to lo d ln g oil ea st and w eal o f P ittsburg.
*2,159,297 $1,895,902 $2,110,372
A t the. c lo s e o f 19 9 8 the n o 'c a g e o p e ra te d e a s t Of P ltteb u rg A E rie, on
$8,034,470 $7,359,748
$7,231,824
which e a tn ln g* us rep orted w ere bused, wa* d ivid ed a* fo llo w s; P en n Balance to credit of Income
(5) 0,405,011 (5) 0.404,047
Dividends......................
(5)6,485,123
s ylva n ia D ivision and b ra n ch es, 1 ,6 0 9; P h ila d elp h ia A Erie D iv ision ,
5 6 9 ; L ulled R ailroad* o f N e w J en m y an d b ra n ch es, 5 2 4 ; t o ta l o p e fo credit of prolitand lose.
$760,701 $2,169,459
$895,099
ra te d , S e w Y ork to P ittsb u rg , w ith b ra n ch es. 2 ,7 8 7.
Bal. profit and loss Doc. 31. $24,152,323 $23,553,470 $23,155,032
OnOAStkATio*, L k .ivk *, A c -T h e c h a r te r o f th e P e n n sy lv a n ia K«U Officers (Feb.. 1897,>~Pmidmit. Frank Thomson; 1st V. P„ John
road was dated A p ril 13. 1948. T h e P en n sy lv a n ia company co n tr o l*
#11 the Hops wear o f P ittsb u rg anil B rie, th e P en n sy lv a n ia R ailroa d V Green. 2d V. P „ Clinrlt s K. I’nnte *1 V. P., b. M. Prevost. Soon.tury, John C. 8iius; Trcas., Robert W, Bmitli.—(V■0o, Ji. 308, 41J, 5 #2.
C o m p a n y h o ld in g »i» It* s to ck .
#000
100,000
1
1084
>
o
>
H
£
3
Oh
3h
E>
QQ
CO
K
0
H
CQ
1
■ im
"
m
l
w
ByM)))lllll
!
October , 1897,]
HAILE OAD
STOCKS
AND
111
BONDS,
S u b s c r ib e r* w i l l c o n fe r a g r e a t fa v o r b y g i v i n g I m m e d ia te n o tic e o f a n y e r r o r d is c o v e r e d l a th e s e T a b le s .
Bonds— Princi
INTEREST OR DIVIDENDS.
R AILROADS.
_ _ _ _ _
Miles Date Size, or
pal,^When Due.
Am ount
of
R
ate
per
When
Wliere
Payable,
and
by
Par
For explanation o f colum n headings, 4 c ., see notes
of
Stocks—Last
Road. Bonds Value. Outstanding Cent. Payable
Whom,
on first page o f tables.
Dividend.
Pennsylvania Company—S to ck ....................................
Bonds, sec. by P. Ft. W. A C. stock (s. f.dr'n at lOOi.r
Bonds, gol*\ sec. by pl’ ge A guar, (not dr’ n)..c**r
Gu*g.to.etf».$20,000,000g.gutir. Pa.R8.,ser.A,<rr Aar.
Car trust*........................................... .......................... j
62
Pennsylvania d Northwestern—Stock. $2,500,000-,
24
Bell's Gap Extension 1st m ortg a g e .......... .........c
24
Consol, mart, (for $550,000) s. fund not drill.e '
38
Clearfield 4 Jefferson 1«t m ortgage................... (•■•
62
General m ortgage for $2,500,00 0........................ e*
Car trusts, $74,000 due y early ..............................
Peoria <i Bureau Y a k- gtk., 8 p. e. rent’ t C. R.I.AP
‘ *7
Pro. Deeaturd Bvanse.— R eceiver's certificate.........
Stock authorized, $9,900.000.............. ...................
110
le t M. (Peoria Dtv.i, g old .......... , ......................... 0,
128
1st m. (Evaaav.Dlv., Hattoon to Evansville,) g .c '
244
Second mortgage, g o l d ........................................... e*
Chicago & Ohio R iver M r . 1st rnort. (see te x t.). . < 86
86
Incom e m ortgage. $ 7 50,0 00.................................
N k * BeCfBlTIKS l.'Sto:.': Br o w s P la X—
X e « com m on. *5,400,000......................................
New preferred, 5 p. ei., tionvum ., $3,000,000. ;
N ew 1st mortgage, gold, $2,767,000...................
Ptyriz. d Kaslern -S t o c k ..... ................................... .......
Inti Bloom. A W est 1st M ., p re f„ tot, g u a r.. car 202
Ohio Indiana & W est. 1st M . prof., gold, 1 st g u . c ; 342
P. A K, consol. M. $10,000,000, Interest guar..c*
2d consol, m ortgage,Incom e, non-euninlattve. ..e
20
Peoria d Pekin Union— 1st m ortgage, gold............ o
20
2d mortgage, gold...............................................— c
-tire, Co.'s Office.
$50 $21:000.000
129.000
1,000
Q.--J. iPhlla., Tr. 8. D. A I. Co.
6
1,000
19,467,000
4tog. J. A J. N. Y., Nat'l City Bank.
................
5.000.
000 3%>g. M. A S.
1,000
4
V arious
................
1,490,342
i .......
50
| ...... !Phila., Gu.Tr. A S. D.Co.
2.250.000
1875
1.000
81,000
6
F. A A. Phila., 26 So. 15th St,
IA. A O.Phila., Gu.Tr, AS. D.Co.
1883 !»00 Ac.
145.000
6
,J. A J.
do
do
1.000.
000 6
1886 500 Ac.
1890 ; 1,000
5
1.021.000
J. A J.:Phila.,Gu.TT.AS.D.Co.
297.000
5
100
F. A A. N.Y. .Ch.R. I, A Pae. RH.
1.500.000
8
1895
13,019
6
100
8.400.000
1880
1,000
6 g. J. A J. Jan.,’97,pd. June 29,'97
1.287.000
1880
1,000
6 g. M. A S. Sopt.,'96, iul.Feh.10,’97
1.470.000
1886 I i .ooo
5 g. M. A N. Nov., '93, coup, last pd.
2.088.000
1886 ,500 Ac.
6
M. A N. Pd. on bonds n o t o w n ’d
250.000
6
I
1
1886
618,300
1877
1881
1897
;
1897
.........
100
1879 100 Ac.
1898 ,500 Ac.
1890 : 1,000
1990
1.000
1881
1,000
1881
1,000
8.400.000
3,(XX),000
2.757.000
10, 000,000
1, 000,000
.50 0,00 0
8.103.000
4,000,000
1.495.000
1.499.000
June 1, 1894
July 5, 1907
July 1, 1921
Sept. 1, 1937
Various dates.
Jan. 10, 1895
Aug. 1, 1905
Apr. 1, 1913
Jan. 1, 1927
Jan. 1. 1930
Mar., "98 to '03
Aug., >97, 4%
Jan. 1, 1920
Sept. 1, 1920
N ov. 1, 1926
1916
1916
5 g.
7
J. A J. N. Y „ J. P. Morgan A Co.
do
do
5 g.
Q .- J .
4
A. A O.
do
do
4
April 1
N. Y ., when earned.
6 g. Q .- P . N. Y ,, Central Trust Co.
do
do
44sg. M. A N.
Jan!
Apr.
Apr.
Apr.
Feb.
Feb.
l*,"i 900
1. 1938
1, 1940
1, 1990
1, 1921
1, 1921
Penneylvanla Company.—f.SO Y a p P en n iv lv a n n t RR..I —This RectUYSSSifir, ETC.—On January 13,1894. placed in receiver’s
company own* no rood in fee hut ha* charge of alt rise system of the hands. The receiver Is now E. O. Hopkins—see V. 65, p. 195.
Pennsylvania R a ilroa d Os. west of Pittsburg, its line* Including:
Oottofs* PxvMEsm—See tabt** for date of last, coupon paid. Central
Leased b y tra n sfer f r o m pet. R M , ; !
O ther lin es m n ir o 'le d b y stork o r Trust Co., V. Y.» when authorized, pays coupons. V. 65, p, 413.
H ite* j
o th erw ise:
Mile*.
BxoitdAkifi m o s Bias *.—The Hcudder second mortgage committee
Plttjsb. Ft. W & Chicago. 546989 I Pin*. Cltt. Chic. A 8t. L.
(*«- V. 84. p. 1012) Issued a plan of reorganization in May. 1897, and
New OixstleA BeaverVal.. f 14-98 < Ky, and sewed tine*.... 1,340-68 the
First Mortgage Committee Issued a plan In September,
Msutriilon A Cleveland.,,. 12-23 j Cto. A* SfusklagBW Val... «jl48 -15 1897Brown
IV. 65. p. 621). These plan* were given In comparison to V.
Erie A Pittsburg ■ ........ Ts-4’47 ' Wajrnesbarg A w iw hta*.. n o l o - **i 1'- *P* The Brown plan would give: Old tsl 6* par in new 1st 5s
Cleveland A Piftetmrg .. T198-34 ; Cleveland A Marietta —
a,,d lo ji. r. in preferred slock; old .’d s * to pay nsstws, of 25 p, o. and
Beaten iM reelly ha P a. C o .:
j Cln. Ixb. A Nor------J ii.i!:, re*.. !ve 112A, p. c. In preferred; old com m on assessed 5 p. o. and to rePitts. Youngs. A A«btn - - 1 1*25-09 ' fin. Rich. & Pott Wayne. , , K . r i <-••)<o 5 p,o. now pfd. and 100 p e. new common. Interest charges
T o le d o Wal. Val. A O h io . r 1 25-40 j to . 1.. V a n *. A T erre 11
Indiaoapi'Tl* A Vitseepne* •
’■133-11 i Bast St. 1. A Oarondelet,. *13-25 •'ua* r ®wwn plan. $137,850; under Scnddcr plan, $162,830.
Comuittkks.—find m ortgage bondholder*' committee (both divisions)
C oniridied try stock o r otherw ise ' > tM tilroUrd fa in tly with
consist* of Walston II, Brown, Chairman, 40 Wall St.; Wm. Augustus
other companies.*
Pitt*. Ohio Vat A ton......
15-27 i
P itt* . Chanter* A Tough.. 1 1 5 -7 4 White, t30 Water 81.: E. H Uwld. J r „ -Morton 8. Puton, Charles 1 . Pea~Booh. Reaver Pulls A W , ,
Marginal HR.,Hi-»v.F..Pa.
•06 1ToL P sorta A W estern . . . 7230-70 t '" l y . Jr. Depositary, Atlantia T ru st Co., New York. A m ajority o f
fire-t- o f each division have boon deposited. V, 65, p. 778.
SaUn'erille KB............... .
W■o* i Liars used jo in tly under
Deere**-* of sale have tiscju applied tor under Iwiih d ivision a l first
trackage 4rran:A?-meat*, 98*33
Rolling MiUKK..T«t«lM.O.
71
mortgages. (V. 61. p. 1089. U3H; V. 63, p. 70, 195.)
Sooth Chlr. A Souiftscu ..
10-25 I
Total o f all Itacs..........3.487 35
Second Mortgage B/iulhohlert' Committee.—Mono* L. Sendder,
State Line A lad. City.. .
7-S6 i
Calumet Elver..............
4*43 S
Chairman; Charts* 8. FalreWld. Jenkins Van Bohalek. R. Suydam
■O perated b y U r, R ap id * A la d .
(iraiiL W . II. Payne; depositary. X. Y. Security A Trust Co., S, Y, See
Tot. op. direct, by Pa.Cu.1,208 31
- See statement far tnU go,
V. 60, p. 93(1. 1 tod. PraetlitBlIy all the s n otid* had been deposited.
|Decree o f foreclosure o f 2d mart, wan granted In M arch, 1897.
Tbr Terre Hauls A ladi *naboU- system , 4 2 4 m ile s , b e in g in
M in ority secon d slnruj ige Com m ittee —
John 8. Westbrook, Marcus
eelv*'* ■*■tend*, te not included »c>eve» aluo.qgh e w M M by stock.
j Mayer and Frank Ruaaak. (V 05. p. 27.)
O a t J A K C f i i a r t o r e d to Pennsylvania April 7, 1870. and «per
atm all the Petinayivanla'* leased Dam treat o t Pittsburg. Its stock
is owned i.y the Pennsylvania Railroad o n Decem ber 31, 1896,
bonds rer-resenung on the com pany's hoofer * vain#- o f s.i-*,2.M>,940
and yielding from Jan. I to Dec, 31, 1898, an tocouie of $ 1,887,856,
Of these seeurftlws part are plolgwl, .*» said tmlow,
Ft.<>,» tt.ei) D kbt .—On Dee. 31, 1896, principal o f Dills payable was
rSOn.Mil; accrued Interest unpaid, $ 1 ,5 .1 9 5 ; equip, note*. $12,330;
overdue intere d on -■ * *md«, $ 132.000; d e c H. I. Kleholn* A Co. on
H*,iiM*.a*.
.
. -.6 inonth*,, .) 1897.......- ••--Gros*,
. $ .4 - .•.1-8;
.
net. $80,311
400,470; net, 90,978
Jan. I to June 30. $1886...........Gross,
RkOnrritn*’ Rt.i-obt.—Report for year ending Dec. 31, 1896, was
given In V. 64, p lo-lo. Interest on 2d mortgage and Ky. Co. floating
debt (which wu» not paid) not Included for any of the year*.
Or*!.«t.
X rt.
Interest. R en t.,d r
B a la n ce,
1-96.............. $"'11,031 9204,058 $172,172 $33,690 def.$l,204
18:15.
011,720244.141 170,897
30,1 11 sur.43,108
1891...........
860,908161,220 173,430
30,864 def, 43,064
| To balance (def. or »ur.) for 1896 and 1995 add 815,000 dividend on
P. A P. U. stock in both years, hut ownership of this stock is In
litigation. President, (Oct. ’97) II. 8. Anderson.—tV. 65, p. 27, 70,
105. 329, 413, 621,085. 779.)
P e o r i a A- B u r e a u Valley It It.—I’.'Oria to Bureau June.. XU..
DrvtI>B*t»*.-—In 1883, 4 per ce n t; then none till 1892, when -4 p er
cent waa paid In March: to 1993. March. 4 p. <?,; in 1*14. June, 4 p. o.
B oxw t. s u p. e. bonds are »ec«re«l by $4,900,000 « f IMMsourg Fort
W ayne A Chicago special slock. I f not offered under slaking fund
proviatona at 105 they are drone n at 100, The gold bonds o f 1921
are secured by a d e p o sltto trust o f the leases Of the Plttsb. Fort 'Wayne
A Chic., the < T «v».,» n tta h . am! Erie A I’ lttsi*. railroad*, aw l o f bonds
and stocks having a par value April 1,1 881 , o f $24,171,630, a* well
a* b y Ilea on certain real estate. They are also guaranteed
a* to principal awl Interest by the Penunylvania Railroad Com
pany. and are *o end orsed ; the trustees o f the m ortgage are W. B
B aroe*. John P. O m tn and Jf. P. Shortridge. In 1892 and 1993 the
47 miles. Leased In 18-54 to Chicago Rook Island & Poolllc RR. fo r
com pan y guaranteed certain Pittsburg Cincinnati C. A B% L. bund*.
In Sept-, i st'T. guaranteed trust certificate* w ere l*m ed b y Girard 9125.000 yearly, from which dividend*, usually 8 per cent yearly,
I. A. A Trust Co.. P ld lit, os *,rr: .(- * , under a deed o f trust mod*- !>>■ occasionally more, are paid.
the Pennsylvania Company and the Pennsylvania RR. Co-, whereby
Peoria * Btoatern Ky . — (See M a p C iet. Oln. Okie, d Si. L o u is .) —
the- I'euiksyrvanl u Cbxnpunjr b » s pledge l --fTMWOAW at per o f the 7 per Owns from Pekin, 111., to IndiatiapoU*. Ind., 202 mile*, and has a lien
nrnt guaranteed speelnl stuck o f the PRteburg Ft. W aynr Sc Chlcngo of $5,000,000 on Springfield Division. Indianapolis to Springfield,
Rail way tv>. The total outhoritod issue o f the trust :-*■<*- i j*i •- :*• 82,(. Ohio, 111 miles; trackage, Pekin to Peoria, 9; total operated, 352 mile*.
OOO.Otst, each series to b e secured by d eposit o f shares o f the special
L&asr, Etc.—Formerly Ohio Indiana A Western, sold In foreclosure
guaranteed stock to an M H tthl **pi.,i te the p ar value o f the scries.
Tito present ban* Is for rrfundlM t m aturfug bond* stud to tubei (tie cost In 1890, reorganized per V. 49, p. 616, and teased till Apr. 1, 1940, to
o f capital * v(x-nditiiri .
Sinking fon d 850,188) a year, tmt Imnds Cleveland Cincinnati Ch. A 8t. L., which guarantees Interest, but
not principal, of the first, consol* and the underlying muds, and owns
eannijt he called. 8,*,* V, 65, p, 3 6 s, 572,
one-half the $10,000,000 stock, par $100. Bee Bt;ri*(.BMB!Of of Jan.,
A x s v a i K u c t t - f i a w r i fo r y s a r ending d m . 3 1 ,1 6 0 0 . was in v . 1894, as to provisions respecting any surplnp over charge*.
63. p 24. in year 1996 gro«* o n 1,225 miles, $19,423,975; net, $7.*
Bonds.—The consolidated mortgagoof 1890 covers, beside* the road
312,371; interest, rentals, etc,, $7.0*4,104; balance, «ttr„ $239,267.
iwntwl. the 8-5,000.(XK) purctm--ie money lieu on the Bprlns field D1vlaion:
In 1995 gross, $20,898,964; net, 98,302,629.
Inenine aceonnt has shown after payment o f all obligatory charges. 81.500.000 are reserved to retire the prior liens and a sinking fund for
In 1490, net profit. $1,081,939; In 191)1, net, profit, $1,725,938; In tills purpose held $140,000 on June 30,1896; O. C. 45. A 8t, I,, la en
1902, profit, $1,229,974: in 1893, profit, *1,0 50,4 76; to 1894, loss. dorser on $200,000 P. A E. notes and holds $397,000 consols as
$687,476; to 1895 profit. $917.034; in 1996, $288,267. (V, 65. p. 368.) security therefor—these in addition to the $8,103,000. Sec abstract*
of mortgages of 1890 In V. 51, p. 246 and of O, Ind. A Western mort
P e n n s y l v a n ia A l e r t h w n t e r n K i t . —Own* B eliwood. P ».. to gage, V. 47. p. 201. Doc lessee JtUy 1 ,1896, $1.007.833.
Horatio. 62 m iles; total.Including branches,75 mites. A consolidation
E a k k k o d .—2 months. 1 1897................ Gross, $305,501; net, $69,058
Jan. 1,1890, o f the Bell* Gap and Clearfield A Jefferson road*.
July 1 to Aug. 31. i 1896................ Gross, 277,007; net, 59,781
Dm ruM ttw.- I n 1 8 0 0 ,5 p. c,; In ’0 1 ,5 ; I n ’0 2 ,5 % ; i n '0 3 ,6 p. 04 to
Deficit under charges, 11 mos., $94,795, against aur. $20,085 In 1895-6
1994. .D m .,2 p. c ; to July non e; to 1895. 2 p. c.; In 1806, none.
Ansi;si. Rkpobt,—For 1896-97 see lessee’s report V. 65, p, 467.
Bojrns.—General 5s are held to retire prior Iseues when doe.
Tear en d . J u n e 30. d ross.
B et.
Interest, etc.
B a la n ce ,
EAJtxtKO*. —Y earen d in g Dee. 31, *06, srro-*,$4 92.H 3; net. 9142.799 1896-7................. $1,6*1.103
$441,820 def.$98,778
interest, tares, , u . , 8 i38.fi03tehaiance, siirpifM. for y e a r ,•1,106* in I 1 S9.5 6 . . . . 1 , 9 0 2 , 2 3 5 _ $342,847
457,900
141,620
nitr. 16,280
1896 gross. $1)24.814: net. $190,681. (V. 59. p. 1008.)
-V .'e iV p ‘ ‘j # ,'jM s V . 63. p. 5 5 6 .
P e n n . P o o g h k . A B o s t o n . —*•••• L tllK M A X c w K fO U K h RR.
P e o r i a Sc IP ek ln Union R y . —Owns Pekin to-Peoria, on both
(’ s o r t a D e c a t u r A K v a n s v l l l e ( i y , —Own* from Pekin to Evans sides of Illinois River, and yards at and opposite Peoria. Mileage luam
ville, 227 miles; branch, 6 miles; Chicago A Ohio River Division, Hide! 1 track, 16-55; second main track, 8-92: total mala track, 25-47 mile*.
to West Liberty, 7 8 mites (laid m ostly -with iron rails); total ow ned. Mileage of side and yard tracks, 47*62. Capital stock. $1,' 00,000.
311 m ile*, jo in t track to 0 e r v « y City, 7 miles; leases, Pekin, 111., to Owned by the Cleveland Cincinnati Chicago A St Lout*. Chicago*
Peoria. 111.. 10 miles; through De*'»tur 3tniler; total, 331 miles.
Peoria A 81. LOttls, Peoria Decatur A Evansville, Lake Erie A Western
KiaroBT.—Company own* $250,000 Peoria A Pekin Union »took» and Wabash RR, companies. Extensive Improvements ami additions
hut ownership I* in litigation The P. D. A R. ow ns $220,000 o f the to the property were made In 1896—double track, new shops, etc.
$2*0,000 Chicago A Ohio R. first* outstanding a* in table abo ve, and
OWfcRRS.—C, II, Bosworth, Pres.; E. F, Osborn, Vice Pres.: F. r
has issued as collateral an order for $100,000 additional.
Tompkins, 8upt.; II. K. Pinkney, Hec.. and Aud.; J. F. K eifer, Treas.
112
INVESTORS'
SUPPLEMENT,
fVoL. L X V
S u b s c r i b e r * w ill c o n fe r a g r e a t fa v o r by g i v in g im m e d ia t e n o tic e o f a n y e rr o r d is c o v e r e d In th e se T a b le s .
B on d s —Princi INTEREST OR DIVIDENDS.
RAILROADS.
Miles Date Size, or Amount
pal,When Due,
Par Outstanding Rate per When Where Payable, and by Stocks— Last
of
For explanation of column headings, &c., see notes of
Cent. Payable
Road. Bonds Value.
Whom.
Dividend.
on first page of tables.
•
$100
1896
$20,000
799,600
1888 100 &c.
1,125,000
1888 1,000
......
385,000
....
100
....
960,800
__
100
323,500
1869 500 &c.
25,000
863,000
1881 1,000
1881 1,000
800,000
1881 1,000
2,200,000
500
280,500
1888
500
100,000
1888
50
287 ....
7,985,000
50
287
2.400.000
8.680.000
General mort., gold, guar. p. & i. by Pa. RR......c 287 1869 1,000
Gen. mort., gold, guar. p.&i.($5,263,000 are 5s).r 287 1869 1,000 11,119,000
1892 1,000
497,000
P h ila . <£ F r a h k jo r d — 1st mort., $500,000, gold.. .c*
7 1883 1,000
1,000,000
P hila. Germ. <£ Chestnut H ill— 1st M., gu. by Pa. Ry .r
263,000
Consolidated mortgage, gold.......................... c* __ 1894 1,000
50
29
2,246,900
Phila. Germ. <
£•N orrist'n —Stock rental., P. & R. Ry.
44 1890 1,000
500,000
Phila. H arrisbu rg <£Pittsburg— 1st mort., gold.o*<fcr
22 1892 1,000
1,408,000
Phil. Netcloum<£ N .T .— 1st M., gold.....................c*
P h i l a d e l p h ia & R e a d i n g R g .—S e e R e a d in g C OM P A NY.
P eoria <t S I . L o u is — 1st M., gold, $20,000 p. ui...c*
P erK iom en— 1st M., ser. I (1st l’n) gold, gu. p. & i.c-
1st M., ser. 2 (2d l’n) gold, guar, p. & i. (end.).-O'
P cterbor nigh R R .— Stock (rental 4 per cent)........
Gnar. pref. stock, 3 per cent, lien prior to mortg.
1st mort. (payable $25,000, due yearly Jan. l)eAr
Mort. bonds, ol. A, $25,000, g., reserved for 1st M.
Mortgage bonds, class B, gold............................
Phil.dlBaU.Cent.— lstM.$2,oOO,000,$1,200,0004^9
P h ila . it Chen. Y — 1st M., pf., old 5s, red. ’96, g..c*
1st m., old 4s, not pref.,Int. reduced in ’96, g..c*
Phila. it B rie -Common stock ($10,000,000 author.)
*38
38
__
59
59
59
59
59
73
In 1895 paid dividend of 6 p. c.; in 1895-6 paid 6 p. c On July 1,1896’
there were bills payable $20,000; betterment account (debit) $394,659.
Earnings for year ending June 30, L896, gross, $671,934; net, $305,290; charges, $274,842: dividends. $60,000; balance, deficit, $29,552.
In 1894 5, gross, $604,558; net. $281,824. President, C. H. Boswortn.
— V . 60, p. 521.
P eoria <fc St. Louis Ity.—Under construction from Springfield
to Peoria. 50 miles. Incorporated July 24, 1896. First mortgage is
for $1,100,000, bonds to be issued at not exceeding $20,000 per mile.
See V. 64, p. 755. Mortgage trustee, Robert Maclay, Registrar Knick
erbocker Trust Co., N. Y.; President, L. H. Thomas, of Thomasville, 111.
—V. 63, p. 560; V. 64, p. 755.
F e r K lo m e n H R .—Owns from Perkiomen Junction, Pa., to Emails
Junction, Pa.. 39 miles. Stock subscription, $38,400. Reorganized in
1887. There is due Phil. & Read. Ry. on loan account about $l,000,u00.
In year end. June 30,1896, gross earnings were $289,289; net, $116,895; interest, etc., $104,364; hal„ surp., for year, $12,531. In 189495, gross, $295,835; net, $116,854.
Peterborough BB.-W ilton to Greenfield, N. H., 10's miles.
Leased April 1,1393, to Boston & Lowell for 93 years at 4p. o. on
stock a id expenses. Capital stock $385,000.
P e te r sb u r g l i l t . —Owns Petersburg, Va., to Garysburg, N. C., 59
miles, rents Garysburg to Weldon (Seaboard A Roanoke), 2 miles; total.
61. Reorganized in 1877 without foreclosure. Atlantic Coast Lino
Co. owned $615,500 of the common stock on June 1,1897. Preferred
stock is guaranteed 3 per cent yearl ?, then common receives 3 per cent,
then both stocks share pro rata. Dividend on each stock in 1892,6 per
cent; in 1893, 6 p. c.; in 1894,
p. c.; in ’95, 6 p. o.; in 1896, 7 p. c.;
in 1897, Jan., 3 b. p. c.; July, 3 Li p, o.
Earnings.—2 months, 5 1897.............. gross, $80,012; net, $34,600
July 1to Aug. 31.
(1896............. gross, 78,658; net, 28,220
A n n u a l R e p o r t .— Report for year endinv June 30,1896, in V. 63, p .
555. Iu 1896-97, gross earnings, $563,843; net, $249,937; other in
come, $4,825; interest charges, $94,400; other expenditures, $49,491;
dividends, $89,901; balance, surplus, $20,970. Ill 1895-96, gross,
$588,763; net, $244,526. In 1894-95, gross, $512,986 ; net, $187,436.
—(V. 59, p.1056; V. 61, p. 1062; V. 63, p. 5 5 5 .)
P h ila d e lp h ia & B a lt im o r e C e n tr a l B B , - West Phila. to
Ootoraro Je., Sid., 63 miles; Wawato West Chester, Pa., 9 m. (double
track, 12 m.); branch, 1 in.; leased, Chester Creek RR., 7 m. Phila. Wil
mington & Baltimore Railroad holds $2,497,100 of the $2,499,286
stock, and road is a part of Pennsylvania system. Fiscal year ends
Oet 31. For 1895 96, gross earnings, $866,621; net, $73,456; interest
on deposits, etc., $22,742; def. under charges, $69,650. In 1894-o,gross.
$909,483 ; net, $150,789. In 1893-94 gross, $953,693 : net, $250,407!
P h ila d e lp h ia & C h e ste r V a lle y R R . —Road from Bridgeport
to Downington, Pa., 22 miles. Chartered in 1883. Capital stock (par
$50i is, common, $>50,000; preferred, $205,100; total, $755,1007of
winch Reading Company owns $450,000 common and $205,100 pre
ferred, the same being deposited under its general mortgage of 1897.
A 1 per cent reduction of interest on each class of bonds was agreed
to in December,1896, by 96 per cent in interest of the bondholders.
See v. 63, p. 1004. The Reading “ Company” guarantees by endorse
ment principal and interest of the bonds, with interest reduced.
Earnings.—For year ending June 30, 1896, gross, $53,092; net,
$
charges, $18,444; bal., def.,$5324. fn 1894-5, gross,$47,667;
net, $2,286; charges, $21,041; balance, deficit, $18,755. In 1893-4,
gross, $ 16,683; deilcit under operating, $6,317.—V. 63, p. 1064.
P h ila d e lp h ia
A
E rie R R
.—(See Map Pennsylvania RR.)—
KOAD-OwnsSunliurytoErie, Pa., 287 miles—double track, 78 miles,
O r g a n iz a t io n , L e a s e , &c.—Formerly Sunbury & Erie. Leased to
Pennsylvania RR. Co. for 999 years, and actual uet receipts paid as
/no noA' speoial
Van a ,Bstock
?* T™6
1} $3,946,000
E?0',3.1' 1896>
$3,501,800
common
and $2,400,000
and
general
mortgage
bonds,
and city of Philadelphia (sinking fund) $2,250,000 common stock.
Sunbury & Erie first 7s due Oet. 1, 1897 ($976,000), were paid and
general mortgage 4s issued.
D iv id e n d s —On common in 1 89 2 , Mar., 2 p. o.; 1 8 9 4 , Maroh, 2 p . o.
E arnings .—8 months, >1897..... Gross, $2,705,696; net, $732,612
Jan. 1 to Aug. 31
$1896..--- Gross, 2,709,068; net, 696,512
A n n u a l R e p o r t . —Report for 1896 was given in V. 64, p 326 371
Tear end..Dec. 31—
1896.
1895.
1894
1893
Gross earnings..............$4,512,511 $4,378,574 $3,965,196 $5,104,879
Total net income...........$1,231,996 $1,181,840 $1,020,411 $1,546,783
Interest on debt.
.$1,047,479 $1,047,470 $1047 470 $1042 470
•Interest on special stock...........
v Yna nnX
Interest on equipm’t, &c. 176,962 129343
118,124
128327
Balance.... .
siir.$7,564 sr.$4,527 df.$14 5,183 sr.$207,4
—(\ . 62, p. 316; V. 64, p. 326, 3 71,9o4,10 4 3 ; V, 65, p. 572
y ra"Ik , ,r<1 RB.-Owns from Crcscentvil e
*85?& tote'D^otl“ c 3 K l ^ e l p h i a M°rtgaKe trUstee te Uuaranl
P h ila d e lp h ia G e r m a n to w n & C h e stn u t H ill R R . —In PI
5 g. F. & A. N. Y., Kuickerbock. Tr. Aug. 1, 1936
5 g. Q.-J. Phila., Pa. Co. Ins. on L. Jan. 1, 1918
do
do
Jan. 1. 1918
5 g. Q.-J.
4
A. A 0.
Nashua, N. H.
Oct-., ’97, 2%
7 in 1897 J. & J.
Richmond.
July l ’ 97,312%
do
7 in 1897 J. & J.
Julyl ’97,3V/o
8
J. A J. Richm’d and Petersb’g. Jan., 1898
do
do
July 1, 1926
5 g- J. & J.
do
do
Oct. 1, 1926
6 g. A. A 0.
4*2 & 5 M. & N. Phila., Penn. RR. Co. Nov. 1, 1911
Philadelphia.
Apr. 1, 1938
4 g. A & O.
do
do
Apr. 1, 1938
3 g. A. A 0.
Phila., Broad St. Stat’n. Men. 1, 1894
Yearly. Phila., Broad St. Stat’n. Dec. 31, 1893
do
and London. July 1,' 1920
6 g. J. & J.
4 g. &5 g. A. A 0. Phila.. Broad St. Stat’n. July 1, 1920
Aug. 1, 1922
5 g. F. & A.
4L} M. A N. Phila., Broad St. Stat’n. May 1, 1913
4tsg. M. & N.
do
do
Nov. 1, 1944
12
Q.-M. Phila., 132 So. 3d St. Sept.4,’97,3%
5 g. A A 015 Phila., Comp’y’s office. Oct. 15, 1925
5 g. A. & O. Oct. ’97, coup, not paid. Oot. 1, 1942
adelphia from Germantown June., on Connecting Railway, to Chestnut
Hill, 7 miles; branches, 7 miles. From May 1,1883, leased for 30 years
to the Pennsylvania Railroad Co., which guarantees principal and
interest on the bonds, and Jan. 1, 1896, owned $1,262,750 of the
$1,263,000 outstanding stock. Authorized stock $2,000,000 (par, $50).
Of the consol, mortgage for $2,000,000, $1,000,000 reserved to retire
firsts of 1883. Interest free of all taxes. Gross earnings in 1895,
$164,267; net, $13,196, interest on bonds, $54,863, other charges,
$7,213, bal., deficit, $48,880. (V. 59,p. 880.)
P h ila d e lp h ia G e r m a n to w n Sc N o r r is to w n R R . —Phila.,
Pa., to Norristown and Germantown, Pa., 20^ miles; second track,
20 miles; total track, 80 m.; Plymouth RR., 9 miles. Leased November
10,1870, to Philadelphia & Reading Railroad for 999 years at a rental
of $269,623 and $8,000 yearly for organization expenses. Dividends
are 3 per cent quarterly (12 per annum), but in March and September,
1893, only 2*s p. o. each was paid on account of oertain losses. Lease
assumed in 1896 by Phila. & Reading Railway.
P h ila d e lp h ia H a r r is b u r g Sc P it t s b u r g R R . —Owns from
Harrisburg, Pa., to Shippensbnrg, on the Western Maryland Railroad,
41 miles; sidings and laterals 10 miles. Opened in April, 1891, and
leased for 999 years at 5 p. c. on stock, interest on bonds, taxes and
expenses to the Philadelphia & Reading R R ., which by endorsement
on each guaranteed the bonds, principal and interest. Lease assumed
in 1897 by Philadelphia Reading Railway. Stock, $2,000,000 (par,
$50), of which $1,995,000, along with $1,472,000 of the bonds are
owned by the Reading Company and deposited under its general mort.
gage of 1897. Mortgage is for $2,000,000.
P h ila d e lp h ia N e w t o w n Sc N e w Y o r k R R . - R o a d — Phila
delphia to Newtown, Pa., 21 miles; branch 1 mile. Opened in 1878
and was operated in connection with Philadelphia & Reading, which
guaranteed the bonds, principal and interest, by endorsement.’ Capi
tal stock, $1,600,000; par, $50 Of the bonds. $849,100 (with couj)ons
only partly paid—see V. 64, p. 331), are owned by the Reading Company
and deposited as part security for its general mortgage of 1897. First
mort. coupons due Oct. 1,1897, were not paid.—V. 65, p. 685.
P h ila d e lp h ia Sc R e a d in g R R . —This railroad was foreclosed
Sept. 23,1896, and transferred to the Phila. & Reading R a ilw a y Co.
The capital stock of the Railway Company, as also the stock of the
Coal & Iron Co., is held by the “ Reaiing Company,” which has issued
the new securities authorized by the plan of reorganization.
P h ila d e lp h ia Sc R e a d in g R y .—Tnis company was formed in
1896 to succeed to all tlie railroad lines of the old Phila. & Reading
RR. Co., foreclosed. Its $20,000,000 stock ant all the bonds issued
under its $30,000,000 mort. of 1896 (only $20,000,000 issued in 1897)
are deposited as part security for the mortgage of the “ Reading Co.”
P h ila d e lp h ia Sc R e a d in g T e r m in a l R R . —Owns termina
road, 1*3 miles, including station at Twelfth and Market Streets, Phila
delphia: total single track, 5-7 miles. The capital stock is $8,500,000,
and $8,497,500 of it is deposited as security for the Terminal bonds of
the Phila. & Reading RR. (see Reading Company), which are also
guaranteed by the Terminal Company, the latter having issued no
bonds of its own—see full particulars Y. 64, p. 85.
P h ila d e lp h ia R e a d in g Sc N e w
E n g la n d R R . —This
company owns from Campbell Hall, crossing the Hudson River
at Poughkeepsie by its own bridge, to Silvernails,'58 miles; and leases
and controls Hartford & Conn. Western, Hartford to Rliineclift, 109
miles; total. 167 miles; also leases and controls Dutchess Co. RR.,
from Poughkeepsie to Hopewell June., 12 miles; trackage, 1 mile.
R e c e iv e r s h ip , &c.—Road was controlled and operated by Phila. &
Reading, but the guaranteed interest due May 1 and August 1, 1893,
was not paid, and on Aug. 19, 1893, J. K. O. Sherwood was appointed
receiver. Interest on Dutchess Co. RR. firsts paid regularly to June
1897, inclusive, but a reduction of iuterest lias been suggested.
B o n d h o l d e r s ’ C o m m it t e e .— Chairman, G. A . Fletcher; H. L. Davis,
C. Tower, Jr., R. M. Janney, J. W. Hamer, H. Herbert Piggott, Arthur
Brock, Lebanon; H. O. Seixas, New York.—V. 64, p. 235.
F ir s t M o r t g a g e C o m m it t e e , —John S. Wilson, Chairman, John
Sailer, William H. Jeuks, Joseph Moore, Jr., and Harry A. Berwind;
odice 260 Bullitt Building, Philadelphia. Depositary, Girard L. I. T. &
A. Co., Philadelphia—see V. 64, p. 84, 181.
St o c k — Common is $4,600,000; preferred, $2,000,000.
B o n d s .— Both the mortgages (Guarantee Trust & Safe Deposit Co.,
Phila., trustee) cover $1,390,000 Hartford & Conn. Western stock, etc.
Loans and bll s payable June 30, 1897, $350,000; open accounts pay
able $414,307; cash on hand, $52,573; open accounts, etc., $125,987.
L a t e st E a r n in g s — 2 mos., ) 1897__ Gross, $115,305; net, $45,609
July 1 to Aug. 31.
>1896....Gross, 120,197; net, 35,111
For years ending June 30 earnings have been as follows:
Tear to J u n e 30—
Gross.
Net.
Charges.*
B a la n ce.
1396-7.......................... $647,475 $195,178 $141,044 sur.$54,134
1895-6.......................... 746,569 200,674 140,544 sur. 60,130
1894-5.......................... 724,114 201,661 168,144 sur. 33,517
* N o t e .—C harges d o n o t in clu d e a n y b o n d in te re st.
—(Y. 64, p. 84, 181, 235, 423, 1001; V. 65. p. 365.)
RAILROAD STOCKS AND BONDS,
October , 1897.J
113
iflvedrCreel
Broctoi
L ittle Valley
>‘»lj-cmer Jc.
Jam etl
W allace jc .
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PITTSBURG, BESSEMER
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pefheiiyJc,
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AND CONNECTIONS.
m ARVILLE
MonaJc.
'B l a i m i l l o
I 14
INVESTORS’ SUPPLEMENT.
[VOL. L X V .
Subscriber* w ill con fer a great fa vo r b y g iv in g im m ed iate notice o f an y erro r discovered in these T ables.
[Bonds— PrinclRAILROADS.
INTEREST OR DIVIDENDS.
Miles Date Size, or Amount
----------------------------- -pal,When Due.
Par Outstanding Rate per When Where Payable, and by Stocks —Last
of
of
Road. Bonds Value.
Cent. Payable
-jn lirst page of tables.
Whom.
Dividend.
F. & A. .Feb., '93, coup, lastpd Nov. 1, 1942
58 1892 $1,000 $3,750,000
2.500.000
t f g. M. & N. Nov., ’92, coup, last pd. Nov. 1, 1942
58 1892 1,000
Do (4 p.c.tillSept/95; since 5 p.c.) guar.p. <fei.c
As collateral
M. & N. Nov., ’92, coup, last pd. Nov. 1, 1942
58 1892
Do 5 percents (See text) gold, guar. p. <fei ......
3.850.000
58 1892 1,000
Oct. I
Ino. M, non-cu., Ser.A,$1750,000; Bf$2100,000.c
None paid.
Oct. 1, 1952
12 1890 1,000
350.000
Dutchess Co. RR. 1st M., gold,guar. P. R. &N. E.e
6 g. J. <te D. N. Y. Chase Nat. Bunk. June 1, 1940
100 See text.
10
27
Phila. cf Trenton —Stock 10 p. c. rental, Penn RR.
Pliila., Company’sOttiee Oct., ’97, 212%
Q
J
:
50 11,819,350 7 in 1897 J. & J. Phila., Broad St. Stat’n July 1, ’97, 3%
Philadelphia W ilm ington 6 B altim ore —Stock........
800.000
1875 1,000
6
A. & O. PhtLOf.;Bost.,Kid.Peab Apr. 1, 1900
1880 1,000
1 , 000,000
5
J. <&D.
do
do
June 1, 1910
4
A. <fc O.
1887 1,000
1 , 000,000
do
do
Apr. 1, 1917
4
M. & N. Phila., Broad St. Stat’n Nov. 1, 1922
1887 1,000
1 , 000,000
1891 1,000
930.000
4 g. J. <fc J.
do
do
Jan. 1, 1926
1892 1,000
1 , 0 00,000
4 g. A. & O.
do
do
Oct. 1, 1932
50
650.000 2*2in ’97 Marcli
P iedm ont & Cum berland —Stock.
Mar.
1’97,212%
650.000
F. <fc A. Baltim.,Hambleton&Co Aug. 1, 1911
29 1886 1,000
1st mortgage, gold..................
75 1885 1,000
3.500.000
6 8' J. & D. N. Y. Gd. Cent. Station, Dee. 1, 1932
5,000
6
75 1887 1,000
J. & D.
do
do
2d mortgage.............................................
Dec. 1, 1932
50 10 , 000,000
P ittsbu rg B essem er dc L . E .— Stock, $10,000,000...
3.000.
000 5g. A. & O. N. Y. Central Trust Co. Oct. 1, 1940
Pittsb. 8hen. & Lake Erie, 1st rnort., gold......c' 134 1890 1,000
786.000
Consol. 1st mortgage, for $4,800,000, gold..c* 151 1893 1,000
5 g. J. & J.
do
do
July 1, 1943
2.400.000
5 g. J. & J. N. Y„ U. S. Trust Co. Jan. 1, 1947
Pittsb. B. & L. E., consol. M., $10,000,000, g..c* 193 1897 1,000
50
700.000 11 in ’96
Pittsburg C har tiers dt T ou g h 'y —Stock, $1,000,000..
Oct. 26,’96,4%
320.000
6
16 1882 500 &c.
F. & A.
Pittsburg, Office,
1st mortgage....................................................
Feb. 1, 1902
16 1892 1,000
368.000
Gen. M. $1,000,000, gold, gu. p.&i. (end.) See text.
do
do
d g. A. & O.
Apr. 1, 1932
100 22,658,460
Pittsburg Cincinnati Chicago & St. L ou is —Pref. st’k 1,090
N.Y.,Farmers’ L’n&Tr. Jan. 27,1896
2.631.000
7
J. & J. N. Y., Union Trust Co. Nov., 1904
f Col. &Ind. Cent. IstM. (Coluin. to Ind. & br.).c* 208 1864 1,000
780.000
7
M. & N.
208 1864 1,000
{ Col. <fc Indianapolis Central 2d mortgage......o*
do
do
Nov., 1904
93 1865 1,000
715.000
7
1Union & Logausp’tIstM.(U’nCity toLogans.Jc*
A. & O.
do
do
Deo., 1905
1.506.000
A. & O.
Ohio. St. L. & Pitts, cons. M. ($22,000,000) g...c&] 580 1883 1,000
do
do
Oct. 1, 1932
2.048.000
Jett’nville, Mad. & In. 1st M. (s. f. drawn atll0).c 222 1866 1,000
? g- A. & O. N.Y.,Farmers’ L’n & Tr. Oct. 1, 1906
1.995.000
2d wort-., Jett'ersonv., Ky., to Indianap. & bFli.c 222 1870 1,000
J. &, J.
do
do
7
July 1, 1910
3.000.
000 5
5Steub. A Ind., 1st mortgage, extended in 1884.r 116 1864 1,000
J. & J. N. Y., Nat’l City Bank. Jan. 1, 1914
216 1868 1,000
6.863.000
7
l Pitts. C. fc St. L., 1st consol, mortgage........ c&r
F. & A. Phila., Broad St.Station Aug. 1, 1900
|£
P h ila d e lp h ia & T r e n to n B i t . —Phila. (Kensington), Pa., to
Morrisville. Pa., 23 miles, mostly four-traoked, and branch 3 miles. On
Dec. I, 1871, leased, with the United Cos. of N. J., for 999 years to the
Penn. RR. at 10 p. c. on ¥494,100 stock, the total issue being $1,259,100, the balance being owned by the United RR. of N. J.
P h ila d e lp h ia ‘W ilm in g t o n A B a ltim o r e R R . —(See Map
P en n . KB.;—Operates from Philadelphia to Washington, D. C., and from
Wilmington, Del., to Delmar, Del., with branches as follows:
I a h es ow ned —
M iles. Delaware RR.H.......................117
Philadelphia to Baltimore...... 95 Delaware Md. & Va.lf............. 98
Baltimore & Potomac 1].......... 97
(all double track.)
Branches to Delaware City, etc. 22 other lines (6)........................ 160
L in e s controlled , leased , etc .—
Philadelphia & Balt. Central^. 80 Total (U see this company)...669
O r g a n iz a t io n .— Penn. RR. owns $10,890,950 stock (mostly p u r
chased in 1881), and controls the operation. The P. W. & B. owns
stock in the Cambridge & Seaford, Columbia & Port Deposit, Junction
RR., Queen Anne’s & Kent, South Chester &Un. RR. of Baltimore, etc.
D
. <1868 87 ’88 ’89
’90 ’91 ’92 ’93 ’94 ’95 ’96 ’97
Percent. ( 8 yearly. 7 7 6
6 7
7 7
6B 7
7
B o n d s .—All to be secured by any future mortgage. See description
on page 4, S u p p l e m e n t of April, 1 895. Mortgages a n d ground rents
Nov. 1, 1896, $ 1 6 4 ,0 0 2 .
E a r n in g s —10 months,) 1896-7..Gross. $7,182,75° ; net, $1,894,220
Nov. 1 to Aug. 31. J1895-6..Gross, 7,535,859; net, 1,913,220
A n n u a l R e p o s t .—Year ends Oct. 31. Report for 1395-96 was given
in V. 64, p. 178, showing, gross, $9,047,131; net, $2,353,123; other
income, $550,927; interest, rentals, etc., $1,760,525; dividends, $827,354; bal., surplus, $316,171. In 1894-95 gross, $9,142,532; net,
$2,615,642. In 1893-94 gross, $8,695,959; net, $2,346,627—(V. 58,
p. 177; V. 60, p. 131, 347; V. 62, p. 139, 229; V. 64, p. 17 8. 1000.)
P i e d m o n t , ic C u m b e r la n d B y . —Road from Piedmont, West
Va., to Cumberland, Md., 29 miles. In February, 1894, the road was
leased to the West Virginia Cent. & Pittsb. RR. till Aug. 1,1911, for 37
per cent of gross earns. Penn. RR. Co. on Dec. 31, 1894, owned
$200,000 of the $650,000 stock—par $50. First div., 5 p. c., paid in
March, 1894; in 1895, March, 6 p. c.; in 1896, Feb., 6 p. c.; in 1897,
March, 2b* per cent. For year 1894-95 profit to lessee, $20,289; in
1895-96, $10,633.
P in e Creek B y .—Owns Stokesdale Junction to Newberry Junc
tion, Pa., on the Fall Brook Road, 75 miles. O r g a n iz a t io n .—N. Y.
Central controls the capital stock and the road is leased to the Fall
Brook Railway Co., forming a connection between the Central and
the Philadelphia & Reading. The 1st mortgage is guaranteed by
the Central, the Reading and the Corning Cowaneaque & Antrim
(now Fall Brook Ry. Co.) jointly and severally. See form of guaranty,
V. 56, p. 650. Stock, $1,000,000 (par,$50), of which July 1, 1896, N. Y.
Central owned $999,000.
E a r n in g s .— Year ends June 30. I n 1895-6 rental (30 p. c. of gross)
was $298,265. (V. 59, p. 376.)
iv id e n d s
P ittsb u rg A k r o n & W e s t e r n .—S e e N o r t h e r n O h io R y .
P ittsb u r g B e s s e m e r Sc C a k e E rie K H , —(See M a p .)— Owns
line completed in August, 1897. from Bessemer, near Pittsburg,
Pa., to Conneaut Harbor on Lake Erie, and Wallace Junction, Pa., 163
miles; terminal in Erie, etc., Pa., 2 miles branches, 28 miles; leases
Meadville Conneaut Lake & Linesville RR., Linesville to Meadville, 23
miles; trackage, N. Y . Chic. & St. L., to Erie, 12 miles; total, 228 miles.
O r g a n iz a t io n , Etc.—A consolidation Jan. 14,1897, of the Pittsburg
Shenangn & Lake Erie and the Butler & Pittsburg (organized to build
the 42 miles from Butler to Pittsburg), whose stocks were exchanged
dollar for dollar for the stock of the new company ($2,400,000 new
consols being also given in part consideration for Butler & Pittsburg
stock). Will carry iron ore south and coal north, its contracts with
the Carnegie Steel Works and others, it is said, insuring it a tonnage
of 4,000,000 tons annually. Rails 100 pounds, maximum grades 30
feet. See further particulars V. 63, p. 1159; v. 65, p. 152.
The United States A Ontario Steam Navigation Co. organized by
the P. S. & L. E. runs boats for coal transfer, etc., between Conneaut
and Port Dover. Can., 60 miles. See V. 60, p.872, V. 61, p. 241,795.
Sto ck .—Capital stock is $10,000,000; par $50.
B onds .—The old first m ortgage o f $3,000,000 covers the line from
Butler to W allace Junction, 106 miles, and branches 28 miles.
The P. B. & L. E. mortgage of 1897 is for $10,000,000 (trustee United
States Trust Co., N. Y.). covering all the railroad, property, rights and
franchises of the consolidated company, including the agreement with
the .Carnegie Steel Co., Limited, and the Union^RR, Co. Of the new
bonds $4,800,000 will he reserved to retire at or before maturity a like
amount of bonds outstanding on the Pittsburg Shenango & Lake Erie
and $2,400,000, with interest accruing from August 1, 1897, will be
issued in part paj ment to the stockholders of the Butler & Pittsburg
The remainder of the new loan will he applicable to the “ corporate
purposes” of the new company. Car trusts June 30.1895, $292 585
Earnino8.—Jan. 1 to Sept. 30, 9 months, gross, $437,375 in 1897
$486,474 In 1896. Of old company (on 187 miles) for year end. June 3oJ
1896, gross, $658,079; net, $189,739 ; other income, $1,745; ( barges
$172,749; balance, surplus, $18,735. in 1894-95, gross, $567,718;
net, $156,926. In 1893-94, gross, $476,651; net, $165,134. Chairman
of the Board, Col. S. B. Dick, Meadville, Pa. (V. 62, p. 1140; V. 63, p.
116, 1159; V. 64, p. 135, 800, 1042; V. 65, p. 152, 621.)
P itts b u r g C h a r tle r s Sc Y o u g h i o g 'u y B r.-O w as from Chartiers to Beechmont, 16 m. ; trackage (Chartiers Ry.), 1 m.; 1 7 miles in
all. Stock authorized, $1,000,000'; par. $ 5 0 ; outstanding, $700,000*
owned jointly by guarantors mentioned below. Divinends—In 1 89 5
4 per oent; in 1896,11 per cent; in 1897, none. Of the 4 per cents
issued, or to he issued, one-half are to he endorsed with the guaranty
of the Pittsburg Cincinnati Chicago & St. Louis, the other half with the
guaranty of the Pittsburg & Lake Erie. See guaranty, V. 56, p. 650.
They are not subject to call. E a r n in g s in year ending Dee. 3 1,
1896, gross, $197,849; net, $101,354; rental Chartiers Ry., $ 2 ,9 7 3 ;
interest, $33,960; bal. over int., $64,421; dividends (11 p. c.) $77,000 ;
balance, def. for year, $12,579. In 1895 gross, $162,850 ; net, $63,123
Plttsbnrar C in c in n a ti C h ic a g o
&S t.
L o u is B y .— (See M a p .) —
The system, clearly seen on adjoining map, includes:
L in es ow n ed.
M iles. L in e s Zeos’dOTSee these eo’s.) M iles.
Pittsburg,Pa., to Chicago,111. 504 UChartiers........................... 23
Rendcomb Je. to Anoka Jo... 166 IfLittle Miami..................... 192
Bradford Je. to Indianapolis. 104 Cincinnati Street Con. Ry...
3
Indianapolis to Jeffersonville 108 Pitts. Wheeling & Ky..........
28
Branches........................... 208 Eng. Connecting Ry. in Chic.
2
Other lines...........................
5
Total owned..................... 1,090 L e a sed jo i n t l y w ith T. LI. <£■1.
T rackage —
TTSt. Louis Vandalia & T. H... 158
Indianapolis to Kokomo............... 55
Louisville Bridge, eto...........
5 Total of all Jan. 1,1897...1,561
O r g a n iz a t io n , &c.—Formed in 1890 by consolidation (per terms in V .
50, p. 875) of Chicago St. Louis & Pittsburg, Jeffersonville Madison &
Indianapolis, Cincinnati & Richmond and Pittsburg Cin. & St. L. Con
trolled by Pennsylvania Co. and Pa. RR. Co. through ownership of stock.
C a p i t a l St o c k .— The stock authorized is: Common, $45,000,000;
preferred, $30,000,000; par, $100. Outstanding Apr. 30, 1897. com
mon, $24,354,827 ; preferred, $22,658,460.. Stock listed to July 19.
1897, common, $24,347,100; preferred, $22,649,200.
The preferred stock Is “ non-eumulatlve and entitled to a dividend
of 4 per cent per annum out of the net earnings as declared by the
Board, with the right after 3 per cent has been declared on the
common to an additional 1 per cent, making 5 per cent In all.”
After 5 per cent on both common and preferred, the two share pro rata.
D iv i d e n d s .— ) 1891.
1892 to Apr.,’94.
Jan., 1896. None
On pref. p. c.—5 3
4 yearly.
2 (for ’95.) since.
S t o c k o p O l d Co m p a n ie s unexchanged Apr. 3 0 , 1 8 9 7 : Pittsb. Cin.
<fc St. L. common, $ 4 7 ,2 0 0 , Chic. St. Louis & Pittsb., common, $ 5 3 2 ,167, and preferred, $ 1 2 ,1 5 2 ; Steubenville & Indiana, common, $ 8 5 ,9 4 5 .
and preferred, $ 2 ,9 5 0 ; Jell'. M. & I. $ 5 ,4 0 0 .
B o n d s .—The consolidated m ortgage for $75,000,000 (Farmers’ Loan
& Trust Co. of N.Y. and W. N. Jackson, trustees,) covers the entire prop
erty. Suflioient consols are reserved for the purpose of retiring all seotional bonds at maturity, at which time they must be paid off. The
remainder are issuable for improvements, additions eto. They are
guaranteed unconditionally as to principal and interest by the Penn
sylvania Company, in accord ance with the vote of its Board of Direct
ors, and are so endorsed. The three series are all equallv secured. See
adv. C h r o n ic l e May 21,1892, and guaranty, V. 56, p. 604. In additionto bonds given outstanding in table above, the sinking funds held Dec.
31, 1897, J. M. & Ind. first 7s for $895,000 and P. C. C. .v, St. L. series
D for $137,000.
G e n e r a l F in a n c e s .—There are 4 per cent ear trusts for $91,920
due at various dates. In November, 1894. $4,811,000 consols were
authorized, of which $3,862,000 were issued to Pennsylvania Co. for
advances. V. 59, p. 969. In November, 1895, series “ D ” bonds for
$8,000,000 were created and series “ C” bonds for $4,818,000, previously
reported outstanding, were canceled. Series “D” bonds for $4,863,000
had been listed on N. Y. 8took Exchange to Oet., 1897.—V. 63, p. 1064.
L a t e s t E a r n in g s .—F o r 9 m o n th s e n d in g S ept. 3 0:
9 m onths.
Gross.
Net.
Charges.
1 8 9 7 ............. $ 1 0 ,7 3 6 ,0 2 1
$ 3 ,3 2 4 ,6 4 1
$ 2 ,2 9 7 ,3 9 1
B a la n ce.
$ 1 ,0 2 7 ,2 5 0
1896.......... 10 875,620
2,914,966
2,403,413
oil,553A n n u a l R e p o r t .— Fiscal year ends Dec. 31. Report for 1 8 9 6 w a s
given in full in V. 64, p. 796, 801; see also remarks p. 775.
T ear en d in g Dec. 31.
1896.
1895.
1894.
Miles operated (system proper) 1,151
1,151
1,150
Gross earnings.......................$14,370,362 $15,439,706 $14,247,855Operating expenses............... 10,588,979 11,248,545 10,765,519
Net earnings..................... $3,781,383
$4,191,161 $3,482,336
Net revenue of other roads__
$734,483
$783,032
$472,200
Miscellaneous........................
68,667
43,665
16,023
Total net earnings............. $4,584,533 $5,017,858 $3,970,559
B
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INVESTORS’ SUPPLEMENT.
| V ol. L X V .
S u b scrib e r* w i ll c o n fe r a gre a t fa v o r by g iv in g im m e d ia te n o tic e o f a n y erro r d isc o v e re d in th ese T a b le s .
B on d s —Print lINTEREST OR DIVIDENDS.
RAILROADS.
pal, When Due.
Miles Date Size, or Amount
When
Where
Payable,
and
by
Par Outstanding Rate per
Stocks —Last
of
For explanation of column headings, &o., see notes of
Whom.
Dividend.
Cent. Payable
Road. Bonds Value.
on ilrst page of tables.
11890 $1,000 $10,000,000
4*e g. A. & O. N.Y.,Farmers’ L’n & Tr. Oct. 1, 1940
P ittsbu rg C in ('hie. <
£•St. L . —( C o n .) — f “ A,” g.c*
do
do
Apr. 1, 1942
4*2 g. A. & 0.
Con. M.f$73,000,000, gold, guar. p.*fci. ' “ B,” g.c* 1,090 11892 1,000 10,000,000
2,000,000
do
do
f 1892 1,000
4% g. M. & N.
Nov. 1. 1942
(end.) by Pennsylvania Company... ] “ C,” g.c*
5,863,000
Nov. 1, 1945
J 1895
do
do
4 g. M. & N.
[ “ D,” g.e*
77 1882 1,000
2.400,000
6 g- A. & O. N. Y., Cent. Trust Co. Oct. 1, 1922
Pittsb. fle v e . d Toledo—1st M., gold, int. guar. B .& O ..
Pledged.
Aug. 1, 1945
1895 1,000
43s g. F. <fc A.
1st consol. M.. $4,000,000. gold, int., guar......c*
100 19,714.286
7
Q.-J. N. Y., Winslow, L. &Co. Oct. 5.’97,1%%
Piltsb.pt. Wayne d C — lien, stk., 7 p. c. guar. Pa. RR. 470
7
100 19,167,148
do
do
Oet.1,’97,1%%
Q.-J.
Guaranteed special imp. stock, 7 p. c. guar, by end 470 1871
do
do
July 1, 1912
7
Various
1st mortgage, seriesA to F >Sink, fund, cumula- > 468 1862 500 <fcc. 5,250,000
Various
July 1, 1912
7
do
do
2d
do
series Gto M 5 tlve, not drawn.0* > 468 1862 500 &c. 5,160,000
2,000,000
1862
500
&c.
7
A.
&
O
.
July 1. 1912
468
do
do
3d mortgage................................................... -•
50
960,000 3 in 1897 M. A 8.
Sei».l,’97,lL)%.
Pittsburg Junction— Stock, common......................
50
480^00
7
Annu’ly
(1)
Preferred ($480,000), 7 per cent, cumulative.....
1,640,000
8 1882 1,000
6 g. J. & J. N.Y.,N.City Bk. &Pitts. July 1, 1922
1st mortgage, $1,040,000 gold........................ o"
July
1.
1922
1,000
300,000
do
do
1894
J.
<
fc
J.
5
g.
2d mortgage, for $500,000, gold..................... c*
500,000
Pittsburg.
Oct. 1, 1907
5 g. A. & O.
Pitts. Juno. Terminal let M., gold, guar. p. & i...
50
4,000,000
Pittsburg,
Co.’s
Office.
J’ly
31,’97,5%
10
iu
’97
F.
&
A.
I*itt$burg d L a k e E rie —Stock...............................
2,000,000
do
do
Jan. 1, 1928
6 g. J. & J.
1st mortgage, gold........................................... c 71 1878 1,000
2,000,000
71 1889 1,000
5 g. A. & O. N. Y., Security &Tr. Co. Jan. 1, 1928
2d mortgage, gold, 8eries A. & B.......................c
50
3.959,650
6
J. & J. N. Y., Union Trust Co. July, ’97, 3%
1884
Pittsburg M cK . d lough,.— Stock guar., see text......
57 1882 1,000
2,250,000
July 1, 1932
6
J. & J.
do
do
1st mortgage, guar, by P. & L. E. and L. S. <feM. S.c
July 1, 1934
57 1884 1,000
900,000
j. & j.
do
do
6
2d M., gu. p.&i. (end.) by P. & L . E. and L. S. &M. S.c
July
1, 1918
28
1888
1,000
600,000
Pittsb’g,
Fidelity
Tr.Co.
j.
&
j
.
6 ff.
McKeesport & Belle Vernon, 1st M., gold, assumed
15 1890 1,000
300,000
5 g. A. & 0 . Phila., Broad St. Sta Oct. 1, 1920
Pitts. Ohio Val. d C i n — 1st M. gold, s. f. not drn.o*
63
1,000
July
1, 1910
1886
1,000,000
5
g.
J
.
&
J.
N.
Y.,
Mercantile
Tr.
Co.
Pittsb. P a m e sv illed Fairport— 1st M., gold, int. gu.c*
July, 1916
1889 1,000
do
do
250,000
5
J. & J.
Terminal mort., interest guar, by Pittsb. & West.
E
rie
.
MER
&
L
ake
P ittsbu rg S h tn a n g o d L . E — See P it t s b u r g B e sse
77
50
Philadelphia Office. Mayl ' 97,213%
3,770,400 5 in 1896
Pittsburg V irg in ia d Charleston —Stock ($6,000,000)
3,431,000
do
do
Apr. 1, 1925
4*3 g. A. & O.
Cons. M., g., 8. f., not dr’n, series A,......... GP cK 77 1895 1,000
Pittsburg d Western— Rec’rs ctfs. (2d ser.) $400,000
(?)
30 1878 100 &c.
219,000
J. & D. Allegheny,Pa.,1stN.Bk. June 1, 1898
7
1st mort., Pittsburg Newcastle & Lake Erie.......
45 1880 500 &c.
81,000
6
A. & 0. N. Y., J. P. Morgan A Co. Oct. 15, 1900
Old Pittsburg & Western 1st mortgage..............
do
do
July 1, 1917
4 g. J. & J.
1st (consol.) mortgage for $10,000,000, gold... ,o* 210 1887 1,000 9,700,000
1894.
P itts b u r g M c K e e s p o r t & Y o u g liio g U e n y R R . —Owns from
1 89 5 .
1896.
Interest on bonds................... $2,507,977 $2,522,130 $2,407,582 Pitts, co N. Haven. Pa., 57 in.; McKeesport to Fayette City, Pa., 31m.;
813,838 branches, 11 in.; leases 2 in.; Dec. 31, 1896, total, 100 miles, of which
1,161,913
Rentals paid.......................... 1,160,189
38,762 19 miles double track.
36,460
Car trusts (includinginterest).
34,159
59,456
222,085
St. L. V. & T. H. 67 of loss......
197,738
L e a s e .— Leased to Pittsburg & Lake Erie RR. for 999 years. Renta
52,375
15,428 is 6 per cent on the stock, principal and interest of the Pittsburg McK.
Miscellaneous.........................
255,320
284,525
K. A H. Bridge suit, etc.........
..........
& Yough. bonds being guaranteed by Pittsburg & Lake Erie and Lake
Shore &Michigan Southern companies, the guaranties being endorsed on
$429,150
$738,370
$635,493 the share certificates and bonds. The guaranty of the stock is on the
Balance, surplus....................
Dividends on preferred______
None. (2%)$452,716 (2)$459,497 Bxpress condition that the holder shall accept par for the same on July
1, 1934. See wording of guaranty in V. 56, p. 774. Stock authorized^
—(V, 63, p. 1011, 1064; V. 64, p. 181, 775, 796, 801.)
$4,000,000; first mtge. bonds authorized, $2,250,000; 2d intge. bonds
Pittsburg C le v e la n d & T o le d o R R .—From Newcastle Junction, authorized, $1,750,000. Profit to lessee In 1895, $685, of which
Pa to Akron, O., 77 miles. Stock, $3,000,000 (par $50), of which Balt. one-half was payable to the Lake Shore & Michigan Southern.
*te Ohio RR. owns $1,505,000. Leased in July, 1884, for 99 years to
P it t s b u r g O liio V a lle y &: C in c in n a t i R R . —Owns road Bell
Pittsburg & Western. The Baltimore & Ohio guarantees interest on the
firsts. (See terms in V. 39, p. 607, and description of mortgage, etc., aire, O., to Powhatan, O., 15 miles. Operated for cost by Pennsylvania
p . 7 S u p p l e m e n t of April, 1896.) Interest on the 1st consol, mortgage Company in connection with Cleveland & Pittsburg since Dec. 1,1892.
4l g is guaranteed by endorsement by the Pittsburg &Western and the Stock, authorized, $1,500,000; outstanding, $300,000; par, $50. Trus
Baltimore <fc Ohio; mortgage trustee is Mercantile Trust Co., N. Y. tee of mortgage (for $1,500,000), Fidelity Ins., etc., Co. of Phila. Year
Interest due Oct. 1. 1897, was paid on that date E a r n in g s .—In year ending Dec. 31, 1896, gross, $3,307; def. under oper. exp., $14,212;
ending June 30, 1896, gross, $897,228; net, $296,320; interest, taxes, interest, $15,000; def. for year, $29,212.
etc., $214,434; account of previous year, $30,117; balance, surplus,
P itts b u r g P a in e s v ille & F a ir p o r t R R . —Owns Fairport, O.
$51,769. In 1894-95, gross, $820,096; net, $276,931. In 1893-94,
to Youngstown, etc., O., 53 miles. Operated at cost by Pittsburg & West
gross, $680,002; net, $190,725.—(V. 63, p . 1111.)
ern, but interest of bonds is guaranteed. See description of mortgage,
Pittsburg <fc Eastern R R .—Under construction from Mehaffey, etc., p. 7, S u p p l e m e n t o f April, 1896. Common stock, $800,000; pre
Pa., on the Beech Creek RR., through the coal district to Saltsburg, ferred, $250,000 (par, $100), of which in 1892 the Pittsburg A Western
Indiana County, Pa., 65 miles. In October, 1897, complete i and purchased all the common and $160,000 preferred. For year ending
opened from Beech Cr. June, to Fuller Run, 11 miles. The road is pro June 30, 1896, gross, $377,296; net, 67,557; int., taxes, etc., $76,000.
jected to enter Pittsburg over the Pittsburg McKeesport & Youghio- In 1894-95, gross, $370,181; net, $64,269. (V. 63, p. 29, 1111.)
gheny RR., total about 150 miles. Capital stock authorized is $5,000.000; par $50. Road is being built with cash, from stock, which is being e mPeitr t&s bLuarkge SEhrei en.a n g o & L a k e E r ie R R . —S e e P i t t s b u r g B e s s
issued as required. President, C. C. Watt; Treasurer, L. V. Biggs;
P itts b u r g V ir g in ia
C h a r le s to n R y .—From South Pittsburg,
Office, Bullitt Building, Philadelphia. See V. 60, p. 1010; V. 61, p. 153. Pa.,
to Brownsville, &c., Pa., 77 miles.
P itts b u r g F o r t W a y n e Jk C h ic a g o R y .—(S ee M a p P en n . R R .) —
O r g a n iz a t io n .— Operated by Pennsylvania RR., which owned Jan. 1.
R o a d .— Owns from Pittsburg, Pa., to Chicago, 111., and br., 4 7 0 miles. 1897, $3,381,850 stock, and pays net earnings as rental, the consol,
Double track, 271 miles, of which part was built in 1893.
bonds being pledged under its “ collateral trust of 1883.”
L e a s e , &c.—Foreclosed Oct. 2 4, 1861, and reorganized. From July
i d e n d s .— )
1892. 1893.
189L
1895.
1896.
1897.
1, 1869, leased in perpetuity to the Penn. RR.; rental pays in D iv
Per cent... 5 5
5
3
5
5
May, 2 ^
terest, sinking fund of debt and 7 per cent on stock. The lessee keeps
B
o
n
d
s
.—
In
April,
1
8
9
5
,
a
consolidated
mortgage
for
$
6
,0
0
0
,0
0
0 was
road in repair and pay taxes and expenses.
issued to retire the $ 3 ,0 0 0 ,0 0 0 firsts of 1 8 8 2 and pay for extension
Ca p i t a l St o c k .— The special improvement stock is issued to Penn from Brownsville, Pa., into West Virginia, and to fond floating debt.
sylvania RR. for improvements, «fcc., under article 16 of lease, which
E a r n in g s .—Y ea r ending Dec. 31,1896, gross, $1,382,987; net, $372,provides that the lessor may issue special bonds or stock. See V. 50, p.
139, and wording of endorsement in V. 56, p. 774. The special stock 243; other income, $2,662; fixed charges, $189,548; dividends (5 p. o.).
is in all respects subject to the general or prior stock and “to the $171,641; balance, surplus, $13,715. In 1895, net, $645,801..
rights 01 holders of said general or prior stock to have distributed to
P itts b u r g <fc W e s t e r n R y .—(See lfap of Balt. d Ohio.)—
R oad—
them in quarterly instalments an annual dividend fund of $1,380,000
Lines oivnedinf e e —
Miles. Leased andcontrolled— Miles*.
free of all taxes.” Since Jan. 1, 1891, guaranteed special stock has Allegheny,Pa.,to
N. SewicRly. 46 Pitts. Cleve. & Totedo 1T.......... 77
been issued for betterments; in 1892, $2,107,820; in 1893, $1,916,253:
Point, Pa., to Newcastle 11 Pitts. Painesville & Fairport
53
in 1894, $1,916,200; in 1895, none; in 1896, none; in 1897 (July), Rock
Frisco
to
Crowthers...............
6 Elwood Short Line—
$283,691. In September, 1897, was created an authorized issue of
June, to Butler........... 13
N. Sewickley to Rook Point. 3
$20,000,000 Pennsylvania Company Trust, certificates (guar, by Penn. Callery
gauge lines to Jewett, etc. 134
RR.) secured and to be secured by equal amount of this special im 3-ft.
(Double track.......................... 23)
Total (ITsee tills co.).............343
provement stock. See Y. 65, p. 368.
O r g a n iz a t io n , E t c .— In Feb., 1891, the Baltimore & Ohio bought
B o n d s .—The first mortgage is in series of $875,000 each and second $6,050,000 common stock, and in May, 1893, began to use the road as
mortgage of $860,000. Of the above 1st mortgage bonds, $3,364,641,
and of the second mortgage $3,646,103, and^2,737,988 cash, were held part of a through passenger route to Chicago. Y. 55, p. 237.
R e c e iv e r s h ip .— On March 2, 1896, President Thomas M. Kin*? was
In the sinking funds Jan. 1, 1897.
appointed receiver. Receivers’ certificates (1st series) for $500,000 is
A n n u a l R e p o r t .— Report for year ending Dec. 31,1896, w a s in Y . subject to lien of first mort. 4s for $10,000,000. A sr oond series of certifi
65, p. 25, showing loss to lessee, $587,097; $57,743 loss in 1895; $1.- cates lor $400,000 were authorized in July, 1»97, and by agreement
281,659 loss I111894.—(V. 65, p. 2 5 , 112.)
with 1st mortgage bondholders were made a lien prior to the firsts.
Pittsburg Ju nction R R .—Owns 6^4miles of tracks at Pittsburg, V. 65, p. 70.
Penn., connecting the Baltimore & Ohio and the Pittsburg
2 n d M o r t . C o m ’ t e e .— John T. Terry, Dumont Clark, F. S. Smithers.
<k Western, which companies iu 1882 agreed to pay the Pittsburg
St o c k .— Common, $8,500,000, and preferred, $5,000,000, 5 per cent
Junction $2 for each car passing over its road, but charge reduced to non-cumulative;
both in $50 shares. Control held by Baltimore & Ohio.
$1-50 per car when the company’s gross earnings amount to $270,000
B o n d s .— For abstract of fir s t m ortgage (trustee, Mercantile Trust
and to $1 per car when gross reaches $300,000 in any one year. In 1895Company)
see
V.
45, p. 439. Second mortgage for $3,500,000 is a first
96, gross, $373,219 ; net, $202,537. In 1894-95, gross, $347,807; net,
$213,343^ interest and taxes, $117,485; surp
@FedFRASER