Full text of Commercial and Financial Chronicle : October 30, 1909 : Railway and Industrial Section, Vol. 89, No. 2314

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RAILWAY AND INDUSTRIAL
SECTION
OF TRTR

C ommercial & F inancial ^ hronicle,
Copyrighted in 1909 according to Act of Congress, by W IL L IA M B . D A N A COM PAN Y, in office of Librarian of Congress, Washington, D. C.

Vol. 89.
R ailway

NEW
and

Y O R K , O CTOBER 3 0 , 1909

I ndustrial

B . D A N A C O M P A N Y , P u b li s h e r s ,
F r o n t , P in e a n d D e p e y s te r S tre e ts,
N ew Y o r k .

P o s t O ffice B o x , 958.

OPERATING RAILWAY MECHANICAL
DEPARTMENTS ECONOMICALL Y .
The railways of the United States will this year have
spent not far from 400 million dollars in maintaining
their equipment; a sum equal to rather more than
one-fifth of the entire operating expenses. The me­
chanical department of every railway must needs be
an important part of its equipment for doing business.
Yet it is safe to say that very few railway officers in
the country know definitely whether or not this great
organization is working at a profit; that is to say,
whether or not it is more economical to do certain
classes of work in the home shop than to have them
done elsewhere. Only a few of the largest railways
in the United States and Canada built their own loco­
motives, in whole or in part; a few more roads built
freight cars in their own shops, but by far the greater
part of the rolling stock of the country is purchased
from the great equipment companies, because they
are so organized that they can, in most cases, deliver
equipment more cheaply than it can be turned out at
home. Thus, ordinarily speaking, the work done in
the home shops of a railway in this country is confined
to repairs. But repairs are a costly and continuing
charge against operation, and it has occurred to the
managements of a number of railways, in the last few
years, that the whole subject of repair costs ought to
be treated on a purely commercial basis, and the repair
shops ought to be operated with the same regard for
efficiency that must necessarily characterize shops




having no other work, and no other source of income,

Section . than the manufacture of goods sold to the public.

T h e R a i l w a y a n d I nd us tr ia l S e c tio n , Issued qu a rte rly on the last S a tu r­
d a y o f J a n u a ry , A p ril, J u ly an d O cto b e r , Is fu rn ish ed w ithout extra charge
to e v e r y annual su bscrib er o f th e C o m m e r c ia l a n d F in a nc ia l C hr on icl e.
T h e R a i l w a y E a r n i n g s S e ctio n , issued m o n th ly , co n ta in in g th e sw orn
returns o f earnings an d e xp en ses filed each m o n th w ith the In te r-S ta te
C om m erce C om m ission , is also furnish ed without extra charge to e v e ry
a n n u a l C hr on ic le su bscrib er.
T h e E le ctr ic R a i l w a y S e ctio n , Issued three tim es a y e a r, In F e b ru a ry ,
Jun e an d O cto b e r , Is likew ise fu rn ish ed without extra charge to e v e ry
C h ro n ic le subscrib er.
T h e S t a t e a n d C i t y S e c tio n , Issued s em i-an n u ally on th e last S a tu rd a y
o f M ay an d N o v e m b e r , is also fu rn ish ed w ithout extra charge t o e v e r y
su bscrib er o f the C hr on icl e.
T h e B a n k a n d Q u o t a t io n S e ctio n , Issued m o n th ly , Is also furnish ed
without extra charge to e v e r y su bscrib er o f th e C h ro n ic l e.
T h e B a n k e r s ’ C o n v e n t i o n S e c tio n , Issued y e a r ly , g iv in g th e d etailed p r o ­
ceedin gs o f the ann ual co n v e n tio n o f th e A m erican B a n k ers’ A ssociation
Is likew ise furnish ed w ithout extra charge to C h ro n ic le su bscrib ers.
T erm s for the C h ro n ic l e, In clu din g th e six S u p p lem en ts a b o v e n a m e d ,
are Ten D ollars per ann um w ithin the U n ited S tates, T h irteen D ollars
(w h ich Includes p ostage) In E u ro p e , an d $11 .50 In C anada.
Fil e cov ers fo r the C hr on ic le are sold at 50 cen ts each ; po sta ge on th e sam e
Is 18 cen ts. F ile co v e rs fo r S u p p lem en ts can b e had at sam e price.
C H IC A G O O F F I C E — P lin y B a rtle tt, 513 M on ad n oclt B lo ck .
L O N D O N O F F I C E — E d w a rd s & S m ith , 1 D ra p ers’ G ardens, E .C .
W ILLIAM

No. 2314.

The suggestion conveyed in the last paragraph ex­
plains in large measure the source of the difficulty7
".
Entirely regardless of questions of efficiency, a railway
has to have sufficient shop equipment to make running
repairs; it has to have round-houses for the current
care of its locomotives at division terminals, and since
the possession of a roundhouse involves in any case
the payment of interest charges on land and buildings,
it has been a natural growth to supplement the round­
houses with more or less elaborate shops, or series of
shops. The culmination of this practice is well shown
in Great Britain, where it has been traditional ever
since railways were first built for the companies to do
almost all of their own mechanical work; to make their
own engines and their own cars, and to manufacture
for themselves innumerable specialized articles, such
as the chains used in coupling cars, which in this
country would inevitably be supplied by companies
specially equipped for doing that kind of work and
capable of turning it out in large quanitties on a basis
of commercial profit.
The wastes incurred in this British system of shop
operation always strike the American Railway officer
who is traveling in England. He sees shops which do
not appear to be handled with especial skill; shops
with old or inferior equipment; with too small a work­
ing force for the ground area, or with bad internal
arrangements. He sees specialized articles turned
out slowly, and as they are needed, with what appears
to be an unnecessary expenditure of time, labor and
materials and an inefficient use of by-products, and
he feels quite certain that, under the conditions of
ordinary commercial competition, the articles thus
manufactured could not compete with the same goods
produced by outside shops. But the railway mechani­
cal departments have only a vague idea of what their
work is costing them.
They know how much the
raw materials cost and they know how many men
they employ, but it is most unusual to find a proper
division of the time account between different forms
of work in the same shop, and still more unusual to
find overhead charges prorated over the entire shop
output. The private commercial shop has to prorate
these charges on a sound basis or it cannot long con­
tinue in existence, but the railway shop does not face
directly the same necessity. It does all the mechanical
work of the road and receives an appropriation which
is reckoned in the operating expenses, except where a

sufficient amount of new work is done to warrant the
exercise of the liberal British usage with regard to
charges to the capital account.
At the close of the half-year, the British manager
knows what his direct mechanical work has cost him,
and he can, if he chooses, apply an overhead charge
to this work by computing the capital cost of the shops,
lands and shop equipment, and figuring out the divi­
dends or debenture interest paid on this capital. But
we have never heard of any serious attempt being made,
in Great Britain, to carry this step to its logical conelusion, and actually determine whether or not coupler
chains, for example, are being manufactured as cheaply
as they could be bought.
In this country the situation is far less acute than
it is in England, though we believe this is largely a
matter of luck rather than of management. Since
the railway development of this country embraced a
very large number of relatively small lines with credit
none too good in their earlier years, there was no
strong desire on the part of the railway managements,
nor indeed would it have been possible for them, to
provide themselves with shops capable of building
their own equipment. Consequently, the American
equipment companies date from the earliest days of
railways, and, stimulated by competitive conditions,
they operate with marked efficiency and economy.
But if the American railway shop is not exactly
a matter of unknown costs such as is the British
railway shop, nevertheless the absence of the necessity
of making a commercial living is unquestionably felt.
The general manager who contracts for heavy repairs
to his locomotives in an outside shop is often horrified
at the size of the overhead charge which this shop
adds to the direct manufacturing costs, and the very
fact that he is horrified demonstrates pretty clearly
that he has estimated these charges too low in his
own calculation. In a contract shop, as in a railway
shop, the same force of employees is engaged in doing
many different tasks, and the same roof covers a
multitude of operations. The only satisfactory way
of alloting overhead charges between different jobs is
to calculate the labor directly employed in its relation
to the total labor charges in the shop, and then to
divide the overhead charge for the whole shop on
the same per cent basis. These charges have to cover
interest on capital cost, depreciation, taxes, insurance
and losses, and in some cases they are made to cover
superintendence as well. It has been found by the
larger equipment companies that the sum total of
these charges on a repair shop should be very close to
three-quarters of the cost of the labor; that is to say,
that an overhead charge of from 60 to 75 per cent, or
even higher in some cases, should be added to the
direct labor cost.
If each railway mechanical department should
analyze its own cost by applying some such percentage
to each job done, approximating the overhead charge
as closely as possible on the basis of operations for an
entire year, prorated by means of hours of labor,the
result would show a great deal of work done at home
which could be done cheaper away from home, par­
ticularly in the case of smaller roads, with less efficient
organizations, less skilled superintendence, and fewer
advantages in the purchase of materials arising from
the size of the order. The practical application of the
charge, however, would be a matter of considerable




difficulty. Part of the shop equipment would be
found to have been purchased with current funds
and charged to the income account, while the book
value of the entire mechanical plant would differ
materially from the original cost if depreciation had
been written off it, and would be fictitious otherwise.
At best, the annual interest charge assumed on a
mechanical plant long in existence would have to be
a matter of approximation, and the problem would be
further complicated by the fact that part, at least,
of the shop equipment would be required in any case
to take care of the current repairs of equipment and
keep the road going.
If it should be impossible to estimate these costs
exactly from the standpoint of accurate accounting,
it should yet be comparatively easy to approximate
them closely. Still, only a few railways have taken
the pains to do this. It scarcely needs to be demon­
strated that the more closely a railway can approxim­
ate its operations to those of an industry working on a
normal competitive basis, the more efficiently it will
be operated. Yet it only occasionally happens that
the operation of the mechanical department of a
railway resembles that of the outside contract shop,
although, wherever time of output is slow, or machinery
is antiquated, or superintendence is bad, it may be
assumed unhesitatingly that money is lost, which is
none the less real because nobody has been able to see
it, or to find out where it has gone.

THE OUTLOOK FOR A CAR SHORTAGE.
The heaviest commodity which moves evenly on
American railways is coal; the heaviest commodity
which moves unevenly is grain. Of the two, the coal
tonnage is very much greater, amounting to ap­
proximately 529,000,000 tons in 1907, whereas less
than 72,000,000 tons of grain were carried during that
year. These are Inter-State Commerce statistics
and both items necessarily involve some duplications,
as the same ton of freight may be carried over more
than one road. The relative importance of the two
items, it may be presumed, is correctly indicated by
the figures given. But the coal tonnage, although
heaviest in the fall and winter, is fairly well distributed
throughout the year, tho producers offering special in­
ducements for the purchase of stocks in the relatively
dull season. The grain tonnage, on tho other hand, con­
centrates itself largely into five months of the year and
is at its maximum during only about three months.
During those same three months of the fall and early
winter there is the heaviest coal movement and a move­
ment fully as heavy as at any other time in manufact­
ures and miscellaneous articles. The result of this con­
dition has always appeared in the tendency for the
supply of freight cars in the United States to fall
below the demand during the period referred to.
When times are depressed this tendency has not been
particularly felt, but when business is active it has
occasionally attained groat severity. In its train
have come all sorts of hardships to tho shipper, and in
past years the small shipper in particular has often
felt that one of the most important elements in car
distribution was personal or corporate favor.
In more recent years, the bad effects of favoritism in
distribution have been removed by tightening the
legislation against discrimination, and the general

The last detailed analysis of car operation issued
working of the car system of the United States, viewed
as a whole, has been wonderfully clarified by the able by the American Railway Association is that for
work of Arthur Hale, who has been placed in charge April 1909, which shows that the average miles
of those committees of the American Railway Associa­ traveled by each freight car in the country was then
tion especially bearing on this subject, and is Chairman about 22.4 per day, including surplus cars in the
of the Association’s Committees on Relations between average, and about 26.8 miles per day if surplus
Railways. Mr. Hale has not only preserved a con­ cars are excluded. The average ton miles per car per
tinuous record of car surpluses and shortages during day, including surplus cars, was 310; excluding
1907, 1908 and 1909, but he has made an elaborate surplus cars it was 371, while the average earnings
investigation of the efficiency of the system of dis­ per car per day were $2 13, including surplus cars,
tribution; of the use each road makes of its own cars and $2 54, excluding them. The per cent of cars in
and those of its neighbor’s cars temporarily on its shop was 7.59 for the United States and Canada, the
line, and of the different car service tendencies ob­ individual averages ranging from 4.47 per cent in
Montana, Wyoming, Nebraska and the Dakotas to
served in different parts of the country.
The largest surplus of freight cars reported at any 15.25 per cent in Kansas, Colorado, Oklahoma,
time during the two and three-quarter years covered Indian Territory, Missouri and Arkansas. The aver­
by Mr. Hale’s statistics occurred in the last week of age number of tons carried per loaded car was 20.3 in
April 1908, when there were 413,605 idle cars on the April, and at that time cars on home lines averaged
lines of the 159 railways that reported, and this total 72 per cent of the total cars in service, this proportion
was offset by only 267 shortages; that is to say, specific having been stationary for three months.
The long dull season has given all the roads ample
demands for a car where no car was at hand. This
chance to shop their freight cars and put them in good
huge number of idle cars gradually and almost evenly
decreased. In August 1908 it went below 300,000, in condition for the heavy work of the present season.
September it fell considerably below 200,000 and at Moreover, the equipment companies are not yet
the time of the maximum freight car movement, in behind time in their deliveries, although it probably
the last days of October, it was only a little above will not be very long before they become so. Roads
100.000 cars. Then it went up again, reaching over which have scrapped a large amount of old, light­
300.000 cars last February. Since that time it has weight wooden cars, which were characteristic of the
decreased almost evenly, except for sporadic setbacks. transportation system of the country ten years ago,
On September 15 Mr. Hale reported a total surplus of have had opportunity to provide for their anticipated
78,798 cars, and a total shortage, on the other side of needs on favorable terms and with quick deliveries.
the account, of 7,425 cars, the returns being from The general car situation seems rather unusually good
177 roads, and on September 29 the net surplus was for a time like the present, when commercial business
only 38,806 cars,while on October 13 it was down to but of all kinds is active, and the movement of this business
12,546 cars.
In 1908 the reduction of the surplus should be accompanied by far less dissatisfaction to
between the last of September and the last of October the shipper than was occasioned in 1907 and in 1906.
was measured by about 23,000 cars; this year, industry
is far more active, and the indications are that the
THE HAWLEY SYSTEM.
country is now close to the point where the reported
The announcement on October 14 by Edwin Hawley
shortages of cars exceed the reported surpluses.
Indeed, it would not be at all surprising if a shortage that, in connection with Benjamin F. Yoakum and
actually appeared, and occasioned some incon­ Speyer & Company, he had secured a controlling
venience for a few weeks. Mr. Hale reports that in interest in the Missouri Kansas & Texas, adds a very
the New England and North Atlantic groups of important element in the rapid growth of what is
States the surplus had practically disappeared by called the Hawley system of railways, and makes a
September 15, with an actual shortage of coal cars radical change in the appearance of this system.
September 29, while in Group 2 of the Eastern States The developments in connection with the properties
there were on September 15 but 4,440 surplus cars controlled by Mr. Hawley and his associates have
of all classes, these being chiefly on the western been unlike those connected with the growth of any
districts of the roads included in the group. On of the other important American railway systems in
Until this year it
October 13 there was a shortage of 23,431 cars in the several material particulars.
East and South, as against a surplus of 35,977 cars might better have been said that the men comprising
in the West, giving the net surplus of 12,546 cars the Hawley party controlled a small and widely
scattered group of railways, rather than a railway
reported above.
This announcement has been supplemented by a system. Mr. Hawley has been in active railway
statement from the Pennsylvania Railroad early in service since 1867, when he made a beginning as clerk
October that its freight cars were all in use for the with the Erie, but his connection with the properties
first time in almost two years; while a scarcity of cars with which he is now associated began in October
has been reported in the Maryland and West Virginia 1894, when he was elected a director of the Minne­
districts, and the Baltimore & Ohio on October 4 apolis & St. Louis Railway, then headed by William
began distributing coal cars to the mines on a per­ H. Truesdale, as President and receiver. Mr. Hawley
centage basis. The New York Central Lines moved subsequently became Vice-President of this road,
1,720,974 loaded freight cars in September and this is and was made President in 1896. Next, through
understood to be the largest month’s business on purchase of a controlling interest in the Iowa Central,
In 1902
record for that company, representing a movement he became President of that road in 1900.
nearly 100,000 cars higher than that of September he became a member of the executive committee of
the board of directors of the Colorado & Southern
1908.




and in 1904 he entered the directorate of the Toledo
St. Louis & Western.
The Colorado & Southern lines, with their affiliated
properties— the Fort Worth & Denver City, the
Colorado Springs & Cripple Creek District, the Trinity
& Brazos Valley and the Wichita Valley lines— were
a long distance from the Clover Leaf and the Minne­
apolis & St. Louis-Iowa Central system, not only in
geographical distance, but in traffic interests, and
the group bore not the slightest resemblance to the
beginnings of a railway system. In August 1907,
however, the Clover Leaf secured control of the
Chicago & Alton, and the situation changed radically.
The Alton had an excellent line from Chicago to St.
Louis and to Kansas City; it came into contact with
the Clover Leaf at St. Louis and with the Iowa Central
route at Peoria, 111., and formed a route in common
control over which it was possible to ship freight all
the way from the northern part of South Dakota to
points as far east as Lake Erie. But the route was
not a direct one, and the territory traversed was highly
competitive.
The Colorado & Southern no longer remains in the
Hawley group of roads. In December 1908 the
Burlington purchased a sufficient amount of stock to
give it practically a controlling interest in the road,
which now has its place as an admirable adjunct to
the Burlington system, after its previous owners had
done much to rehabilitate it and make a first-class
railway of it.
In January 1909, just after the sale of the Colorado
& Southern, the Hawley interests made another large
acquisition by acquiring about 24 million dollars
of the 63 million dollars’ stock of the Chesapeake
& Ohio. In June 1909 the Hawley system was aug­
mented in two more important places. Announcement
was made at that time that the Hawley interests and
others associated with them in the control of the
Chesapeake & Ohio had acquired a large amount of
the securities of the Chicago Cincinnati & Louisville,
and it has been understood that when the C. C. & L.
was reorganized it would be used as a Chicago con­
nection for the Chesapeake & Ohio. In the same
month the Chicago & Alton made a traffic arrange­
ment with the Kansas City Mexico & Orient which
should enable the Alton in a few years to enter into
direct competition for transcontinental business. The
Chicago Cincinnati & Louisville has an absolutely
direct route between Cincinnati and Chicago and will
serve not only to connect the Chesapeake & Ohio
with Chicago, but with the rest of the Hawley lines as
well. The Kansas City Mexico & Orient, projected
almost due southwest from Kansas City to Topolobampo, Mex., close to the mouth of the Gulf of
California, is at present operating 868 miles of the
1,659 miles projected; with the mileage now built, it
reaches some of the same territory which the Colorado
& Southern lines reach, but enters from the opposite




direction, so that it connects with the other Hawley
roads.
I he acquisition of the Missouri Kansas & Texas
supplies another line from Alton and Clover Leaf
territory to lexas, passing through the very prospcious eastern Oklahoma country on the way, anti
reaching Oklahoma City, Shreveport, Fort Worth,
Dallas, San Antonio and Galveston. The history of
the Missouri Kansas & Texas has been a very interest­
ing one. Built at a time when this section of the
country had no great promise except its lumber
business, the road struggled along for years in poor
physical condition and with credit not good enough to
warrant rehabilitation. But in the last ten years the
territory traversed by the road has undergone a
striking development; it has received a great influx of
population, and its natural resources of all kinds have
begun to be developed fully. As a result, the Missouri
Kansas & Texas, which has been extremely well
handled, has gradually improved the condition of its
lines, until now they are as good as those of anyroad in
that part of the country, and has built up an extremely
profitable traffic, while it is almost wholly free from
the weak branch lines which have so handicapped the
Rock Island and the St. Louis & San Francisco.
Oklahoma City has become the great distributing
point for Oklahoma and northeastern Texas, and the
outlook for the prosperity of the road is in every way
good.
As the Hawley system now stands, it may be said to
include about 9,100 miles of railway, if the Kansas
City Mexico & Orient be counted, with its 868 miles
operated. The other roads in the group are the
Chesapeake & Ohio, Missouri Kansas & Texas, Chicago
& Alton, Clover Leaf, Minneapolis & St. Louis, Iowa
Central and Chicago Cincinnati & Louisville. This
collection of roads differs from the Hawley group of
five years ago in that freight from any part of the
system can now move over the whole of it without
running on outside lines. But it is hard to see how
the Chesapeake & Ohio and the Missouri Kansas &
Texas, or the Iowa Central and the Kansas City
Mexico & Orient, are going to have any very important
mutual relation to each other. Moreover, the control
seems to be somewhat loose; instead of development
through a single holding company, the various com­
ponent lines are held by several different railway units,
and control is not always represented by majority
holdings, but frequently by strong minorities. More­
over, the operation of these properties has as yet been
in no way centralized. Whether or not they are to
be handled as a compact group with a strong central
organization, as is the case with the Harriman lines,
or whether they are to be regarded merely as a group
of more or less scattered lines with affiliation based
only on common ownership, is one of the interesting
questions suggested by the present situation, which is
unique in American railway history.

RAILROAD COMPANIES,
FOR MISCELLANEOUS COMPANIES SEE PAGES 145 TO 170, INCLUSIVE.
E X P L A N A T O R Y . — T h is S u p p le m e n t Is ex p re ssly in ten d ed fo r use In c o n n e c t io n w ith th e In vestm en t n ew s and o ffic ia l reports p u b lish e d from week t o
w eek In th e “ C h ro n ic le .”
F req u en t referen ce Is th e re fo re m a d e t o th e v o lu m e and p a g e o f th e " C h r o n ic le ” (as V . 8 8 , p. 000) w h e re fu lle r In fo rm a tion
m a y be fo u n d .
F o llo w in g also each sta tem en t Is given a referen ce t o th e latest new s Item In th e “ C h ro n icle ” r e s p e ctin g th e c o m p a n y .
A s every
guch Item con ta in s a refere n ce to th e last p re c e d in g Ite m , th e rea d er ca n run b a c k o v e r th e c o m p a n y ’s h isto ry a t p leasu re. A n n u a l re p o rts a re In
b la c k -fa c e d figu res.
I n d e x .— A n y c o m p a n y n o t In regular a lp h a b e tica l o rd e r m a y b e fo u n d b y m ean s o f th e In d e x , on a n o th e r p a g e , t o ro a d s leased and c o n s o lid a te d .
D iv id en d s.— T h e dividends ta b u la ted In th e t e x t are th o s e a c tu a lly paid d u r in g th e ca le n d a r years n a m e d . Irresp ective o f w hen earned.
N et earnings are given a fte r d e d u ctin g o p e r a tin g e xpen ses and fre q u e n tly t a x e s , bu t n o t In terest, rentals o r o th e r fixed ch a rge s.
S e c u r itie s .— T h ese are d escrib e d In ta b le at head o f p a ge (e x c e p t th e s t o c k , fo r lack o f s p a c e , s o m e tim e s o n ly In t e x t b e lo w ) as fo llo w s :
M ile s ot R oa d .— O p p osite b o n d s, this m eans th e m iles o f road o w n e d c o v e r e d b y th e m o r tg a g e .
S ize or P a r V a lu e .— Sh ow s (In dolla rs unless oth e rw ise m a r k e d ), th e d e n o m in a tio n s o r p a r v a lu e , " 1 0 0 , A c . ” s ig n ify in g $100 and larger.
R ate P e r C e n t.— T h e Interest and d iv id e n d rate p er ann um Is here s h o w n : g , g o ld ; c u r , c u r r e n c y ; x , e x tr a ; s , s to c k o r s crip .
W hen P a y a b le.— J A J stands fo r Ja n u a ry and J u ly ; F & A , F e b ru a ry an d A u g u s t; M A S . M arch and S e p te m b e r; A & O , A p ril and O c t o b e r ; M A N .
M ay and N o v e m b e r ; J A D , Jun e and D e ce m b e r ; Q -J , q u a rte r ly fro m J a n u a ry ; Q F, q u a rte rly from F e b ru a ry ; Q -M , q u a rte rly fro m M arch .
B on d s, P r in c ip a l W hen D u e , E tc .— T h is co lu m n sh ow s th e d a te w hen th e b o n d s m a tu re and th e a m o u n t and d a te o f th e last d iv id e n d .
A b breviation s In ta b le : M fo r “ m o r tg a g e ” ; gen M fo r “ general m o r tg a g e ” ; c o n M o r c o n s o l M fo r “ c o n s o lid a te d m o r tg a g e ” ; Inc M fo r “ In co m e m o r tg a g e ” ;
g for “ g o ld ” ; c o r c u r fo r “ c u r r e n c y ” ; guar p & 1 fo r "g u a r a n te e d p r in cip a l and In terest” ; cu m fo r " c u m u la t iv e ” ; n o n -c u m fo r “ n o n -c u m u la t lv e ” :
c o n v fo r “ c o n v e r tib le Into s to c k a t h o ld e r s ’ o p t io n ” ; p r e f fo r " p r e fe r r e d ” ; s f fo r "s in k in g fu n d ” ; 1 gr fo r “ land g r a n t” ; r “ fu lly registered (n o c o u p o n s " ;
c “ c o u p o n ” ; c * “ c o u p o n , b u t m a y be registered as t o p rin c ip a l” ; r* re g ., c o n v e r tib le Into co u p o n b o n d s; br “ b r a n c h " ; end “ e n d o r s e d ” ; r e d , “ r e d e e m ­
a b le " ; d r ’n o r d r a w n , “ s u b je c t t o call w hen d ra w n b y lo t ” ; p m , “ p e r m ile ” ; as’d , “ a s s u m e d ” ; x , “ p a y a b le w ith o u t d e d u c t io n fo r a n y t a x .”
M ortgage T rustees and S to ck T ra n sfe r A g en ts (T R T re a su re r’s O ffice ) are In dicated th u s:

NEW YORK CITY—

B a — B a n k ers’ T ru st
Ca — Carnegie T ru st
Ce — C entral T ru st
Eu — E q u ita b le T ru st
F — F a rm ers’ L oa n & T ru st
Q — G u a ra n ty T ru st
K — K n ic k e r b o c k e r T ru st
Ma— M a n h a tta n T ru st
Me— M erca n tile T ru st
Mo— M orton T ru st
Mn— M etrop olita n T ru st
N — N ew Y o r k T ru st
S — Stan d ard T ru st

CHICAGO—

N Y CIT Y— (Concluded)

Ta
Un
Us
U sm

—
—
—
—

T ru s t Co o f A m e rica
U n io n T ru st
U n ite d States T ru st
U S M ort & T ru st Co

BOSTON—

AC — A m e r T r u s t A S a v Bk A B — A m e rica n T ru st
FC — F irst T r A S a v B k
BB — B o s to n S a fe D e p A T r
IC — Illin ois T r u s t A S av Bk IB — In te rn a tio n a l T ru s t
MC — M e rch a n ts’ L o a n A T r
NB — N ew E n gla n d T r u s t
NC — N o rth e rn T ru st
OB — O ld C o lo n y T ru st
C — R o y a l T ru st
SB — S ta te T ru st
C — U n io n T r u s t
ST LOUIS—
W C — W e s te rn T r u s t & S a v Bk M St— M ississippi V a lle y T r
SSt —St L ou is U nion T ru st

8

BALTIAIORE—

BBa — B a lt T r & G u a ra n ty
C oB a — C on tin en tal T ru st
LOUISVILLE—
FBa — F id e lity T r u s t Co
C L — C o lu m b ia F in a n ce & T r
M Ba — M arylan d T ru st
M eBa— M e rca n tile T r A D e p FL— F id e lity Tr A S a fe ty V
SBa — S afe D e p & T r u s t Co L L ,— L o u is v ille T ru st

SAN FRANCISCO—
CS — C a liforn ia S afe D e p o s it
& T ru st

PHILADELPHIA—
FP — F id e lity T ru st
GP — G irard T ru st
GuP— G u a r a n ty T r & S Dep
PIP — P r o v id e n t L ife A Tr
PeP — P e n n C o fo r In su r o n
L iv e s A Gr A n n
WP — W e s t E n d Tr A S D
PITTSBURGH—

C P i — C olon ia l T r u s t C o.
FP i — F id e lit y T it le & Trust
PPi — P itts b u r g h T r u s t
U P i — U n io n T ru st

Subscribers will confer a favor by giving immediate notice of any error discovered in these tables.
I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r e xp la n a tion o f colu m n headings, A c . , see notes
on first page o f tables
A b erd een & T o m b ig b e e Val— 1st M $750,000 g . x c * A r
A d iron d a ck R y — See D elaw are & H u d son C o.
A k ron & B a rb erton B elt— 1st M s f (te x t) g - U s m .* c & r
P r e f s to c k 6 % $ 4 ,0 0 0 ,0 0 0 ......................................................
First M g e x t In 1908 (V 85 p 1645, 1 4 6 0 ).......... - F . c
C ar tru st $50 ,000 due s cm l-a n n g o l d ---------------------- N
Do
$7 4 ,0 0 0 due s a g o ld (V 82, p 8 6 7 ) -----Do
S cries E , d u e $ 50 ,900 s .-a . ( V . 8 8 , p . l 559)
Alabam a Midland— See A tla n tic C oast L ine R R . . . - Ala N 0 T ex & P a c J— " A ” d e b redeem ft. 1910 115.C
“ B ” d eben tu res In com e redeem a fter 1910 at 1 1 5 .-C
“ C ” deb en tu res Incom e s u b j to call a n y tim e at 100
A laba m a T en n essee & N orthern— 1st M g o ld ( t e x t ) . K
A laba m a & V ic k s b u r g — S to c k $ 1 ,0 5 0 ,0 0 0 ------------ —
V ick s b u rg A M eridian 1st M g o ld $ 1 ,0 0 0 ,0 0 0 .F .x c *
A la b a m a & V ic k s b u r g c o n 1st M $1.80 0 ,0 0 0 g - . C e . c
2d M orlg $700 000 g (1st M on 9 288 a c r e s ).C e .c
A laska C entral— F irst m tg e $ 3 0 ,0 0 0 ,0 0 0 g o ld . . -----A lb a n y & N orth ern — 1st M g o ld ($50,000 arc p r e O - . c
A lb a n y & S u sq — S to c k d iv id e n d s g u ar b y I) A II (end)
1st M $10 ,0 0 0 ,0 0 0 g gu p A 1 c o n v ( t e x t ) . U s m .o * A r
A lb a n y & V e r m o n t— S to ck 3 % gu a ra n teed b y r e n ta l.
A lleg h en y & W e s te rn — S to c k ($ 2 ,5 0 0 .0 0 0 ).................- First U $ 2 ,5 0 0 ,0 0 0 g o ld g u a r p A 1 ( e n d ) -------- G .c*
A llegh en y V a lley— First M gu aran teed b y P en n R R . c
G en M ($ 2 0 ,0 0 0 ,0 0 0 ) gold guar p A 1------ F P i.x c * A r

M ile s
of
Road

D a te
of
B on d s

S ize or
Par
V a lu e

1907

...
290

_

500 A c

1902

$1,000
50
50
1,000
£ 10 0
1,000
1,000
1,000

1878
1888
1905
1906
1909
1890
1890
1890
1906

29
143
143 1881
143 1889
143, 1889
52 1905
35 1896

__

142
12
66
66
262
262

1906
1898
1869
1892

£50 A c
£20 Ac
£20 Ac
1,000
100
1,000
100 A c
100 A c
1,000
1,000
100
1,000 A c
100
100
1,000
$ A £
1,000

ABERDEEN & TOMBIGBEE VALLEY R R — U n d e r c o n s tr u c tio n D e c .
1907 from A b e rd e e n . M iss., t o C o lu m b u s, 30 m iles.
P r o je c te d t o e x te n d
betw een O k o lo n a , A b erd e e n an d C o lu m b u s . M iss., an d P lck e n s v llle , A la .
S to c k a u th o r iz e d , $ 5 0 ,0 0 0 . In D e c 1907 filed a m o r tg a g e to th e C en tral
T ru s t C o . o f Illin ois as tru stee to secure $75 0,00 0 o f 3 0 -y e a r 5 % b o n d s.
V . 8 5 , p . 1576: V . 8 6 , p . 167. P r e s .. H . E . R e y n o ld s ; S e c ., C . B. H o p k in s .
O ffic e , A b e rd e e n . M iss.— ( V . 8 5 , p . 1576; V . SO, p . 167.)
AKRON & BARBERTON BELT R R — O w ns a b elt line a rou n d B a rb er­
to n , O , and also ex ten d s t o F alrlaw n and A k ro n , O .; t o t a l, 40.2 m iles. A
con s o lid a tio n In M ay 1902; V . 74, p 1088. S to c k , $ 10 0,00 0, ow n ed e q u a lly
b y th e C levelan d A k ron A C o lu m b u s, B a lt. A O h io , Erie R R . an d N orth ern
O h io R y .
B on ds a u th o r iz e d , $ 1 ,5 0 0 ,0 0 0 ; Issued, $ 1 ,1 0 0 ,0 0 0 , o f w hich
$ 76 ,000 red eem ed b y sin k in g fu n d ; $40 0,00 0 reserved fo r fu tu re re q u ire ­
m en ts.
D ra w n at 105 y e a r ly D e c 1 fo r sin k in g fu n d o f $11 ,550 per a n n u m .
V . 75. p . 4 4 0 .— (V . 7 8 . p. 2598.)
ALABAMA GREAT SOUTHERN RR.— (See M a p Southern R y . )—Owns
W a u h a tch le , T e n n ., t o M eridian. M iss., 291 m ile s; leases W a u liatoh le t o
C h a tta n o o g a , 5 m iles, an d B e lt. R y . o f C h q tta n o o g a , 49 m iles; ow n s half
Interest In W o o d s t o c k A B lo c to n R y ., 8 m iles; tra ck a g e t o G a d sd en , A la .,
6 m iles; tota l o p e r a t e d , 358 m iles.
O R G A N I Z A T I O N .— C on trolled b y S ou th ern R y
b u t o p e ra te d In d e­
p e n d e n tly .
In 1905 06 the du a l e x iste n ce o f the en terprise w as e n d e d , the
A m erica n c o r p o r a tio n (A la . G reat S o u th . R R .) su cce e d in g the English c o r ­
p ora tion (A la . G rea t S o u t h ., L t d .) as the p a re n t c o r p o r a tio n , th e a m o u n t o f
ou tsta n d in g s to c k rem ain ing un ch a n ged per plan In V . 8 1 , p. 1722; V . 82
>. 159.
O w ns $83 3,30 0 s to c k o f S ou th w estern C o n stru ctio n C o. re ce iv e d
n e x ch a n g e fo r $83 3,30 0 C incinnati N ew O rleans & T e x a s P a cific s t o c k .
D IV ID E N D S —
'0 1 . ’ 02. '0 3 . ’ 0 4 . ’ 0 5 t o ’ 08. 1909.
C om m on s t o c k ________ ______ ___________
0
0
0
0
0
June, 2
P rof, s to c k ( “ A ” shares o ld E n glish c o .) 9
9
10
9
6 y early
6
B O N D S .— G en . m tg e. 6s, £ 4 8 4 ,0 0 0 , will retire first 6s and deben tu res.
T h e fu n d ed arrears o f p re f. d iv id e n d s w ere In F e b . 1906 e x ch a n g e d fo r an
e q u iv a le n t a m o u n t ($399,464) o f 4 % o b lig a tio n s p a y a b le b y sin k in g fu n d
1 0 % sem i a n n u a lly till all are re d eem ed F e b . 1 1911 a n d u n c o n d itio n a lly
g u aran teed b y th e S ou th ern R y . (V . 81, p . 1722; V . 82. p . 159 ). T h ere are
also $75 ,000 e q u ip m e n t trusts m atu rin g to A u g . 25 1910.
L A T E S T E A R N I N G S .— (1 9 0 9 __________ G ross, $58 5,30 0: n e t, $154,451
2 m o s ., J u ly 1 to A u g . 3 1 .1 1 0 0 8 __________ G ross, 597 ,926 : n e t, 166,763
A N N U A L R E P O R T .— R e p o rt fo r y e a r e n d in g Jun e 30 19 )9, In " C h r o n i­
c le ” O ct. 30, s h o w e d : G ross, $ 3 ,5 6 0 ,2 9 2 ; n e t, In clu din g o u ts id e op era tion s
$ 93 2,19 9; o t h e r in c o m e , $147,462; d e d u ctio n s , $52 9,40 6; b a la n ce fo r st o c k ,
$ 55 0,25 3; d iv id e n d s ( 6 % ) , $ 2 0 2 ,8 2 1 .
In 190 7-0 8, gross, $ 3 ,5 7 2 ,9 8 1 .—
( V . 89, p. 102.)

f

A m ou n t
Outstanding
See te x t

R ate
%
5 g

W hen
P a ya b le
J

$1,02 4 ,0 0 0
J
4 g
7 ,8 3 0 ,0 0 0
3 .3 8 0 ,3 5 0 6 In 1909 F
J
1 ,750.000 5 (6) g
.1
£ 9 1 0 .0 0 0
5 g
$550,000
4% e F
95 2 ,0 0 0
M
4H
1,00 0 ,0 0 0
J
4 Vi
£ 7 4 8 ,8 5 0
5 g
£ 1 ,0 4 8 .3 9 0
5 g
£ 8 1 0 ,6 5 3
5 g
$262,000
5 g
1 ,050,000 7 In 1909
1,000.000
6 e
588,800
5 g
44- ,400
5 g
3 ,8 0 4 ,0 0 0
5 g
400,000
5 g
3,50 0 ,0 0 0 See t e x t
Sec te x t
3H g
3
600,000
3,20 0 ,0 0 0
« g
2,00 0 ,0 0 0
4 g
7
9,99 8 ,0 0 0
7 .2 5 0 .0 0 0
4 g

W h ere P a y a b le, and by
W hom

B on ds— P r in c i­
pa l, W h en D u e
S to ck s— Last
D ivid en d

A

D C ol T r A S a v B a n k . C h ic J a n

A

D IT S M tge A T r C o . N Y Ju n e 1 1942
Tune 26 ’09 2 %
A u g 3 1 ’ 09 3 %
A
do
J F arm L A T r . N Y ; A B o s D e c 1 1927
D G ly n , M ills,C A C o .L o n d D e c 1 1927
A Blair A C o , N Y
T o F e b 1915
N N ew Y o r k
J
J a n ’ 1 0-Ju ly 19

A
A
A
A
&
&

M A N
M A N
A A O
A A O
Y e a rly
A A O
A A O
A A O
A A O
A
J
J
J A J
A A
M A N
J
A J
A A O
A A
M A

o

o
s

G ly n , M ills, C A C o , L o n d
do
do
See t e x t
K n ic k e r b o c k e r T r C o ,N Y
C en tral T ru st C o , N Y
do
do
do
do
do
do
'n default
H a m ble ton A C o , B a lt
D el A H u d son C o , N Y
do
do
T roy, N Y
A Iselln A C o , N ew Y o r k
do
do
Penn R R C o , P h il; A L on
P en n R R C o , Phlla

N ov
N ov
N ov
O ct
Sept
Apr
Apr
Apr
Apr
Jan
J u ly
Apr
M ay
J u ly
O ct
Apr
M ch

1 1938

1 1910-40
1 1910-40
1 1940
1 1956
3 1909 7 %
1 1921
1 1921
1 1021
1 1935
1 1946
1 1909 4 H
1 1946
15 1909 1H
1 1909
1 1998
1 1010
1 1942

EARNINGS.— See separate statement for each of the controlled com ­
panies. In year ending Dec. 31 1908.net from Investments was $145,990:
paid general expenses (£4,413), Income tax (£10.479), Interest on " A ”
debentures (£35.570), on "B ” debentures 5% paid In Jan. 1909 (£49.798),
on “ C" debentures, 5% paid Dec. 1 1908 (£38,506); sink. fd. to extinguish
debenture discount, £6,500; balance, surplus, £723.— (V. 8 8 , p. 563.)
ALABAMA TENNESSEE & NORTHERN RR.— Owns from Reform, Ala.,
on the Mobile A Ohio southerly; 45 miles completed April 1908. Successor
to Carrollton Short Line Ry. Stock authorized. $10,000 per mile.
Of the bonds ($1,500,000 author. Issue), $232,000 were Issued against
the first 29 miles, $30,000 have been Issued for a steel bridge over the
Tomblgbee River, $10,000 are Issuable for a steel bridge over the Noxubee
River, $962,000 are Issuable at the rate of $8,000 per mile for additional
mileage, but only when the net earnings on completed mileage for the
previous fiscal year are equivalent to Interest on the bonds to be Issued In
addition to bonds outstanding, and $260,000 for equipment on the basis
of ten-elevenths of cost of enulpmenf
V . 83, n. 1<>36
For year ending
June 30 1909, gross, $61,715, against $45,664 In 1907-08; net, $33,095.
against $22,687. For 2 months ending Aug. 31 1909, gross. $11,261,
against $8,768 in 1908; net, $5,794, agst. $4,666.— (V. 83, p. 1036.)
ALABAMA & VICKSBURG RY.— Owns Vicksburg to Meridian, Miss.,
and branch, 143 miles, all steel rails. Controlled by Alabama New Orleans
Texas A Pacific Junction Co., which see.
DIVIDENDS.— 1890 to 1892, 3% yearly; 1896, 3% ; 1897 to 1899, 5%
1900 to 1902, 6 % yearly; 1903, 9% ; 1904 to 1909, 7% yearly. Stock divi­
dend of 50% In 1900.
BONDS.— $1,000,000 consols are held to retire Vicks. A Meridian firsts.
EARNINGS.— 12 mos.,11908-09.......... Gross. $1,526,357: net, $336,735
July 1 to June 30.
J1907-08______Gross. 1,511,715; net, 308,744
REPORT.— Fiscal year ends June 30. Report, V. 87, p. 1295.
Y ea rs—

C ross.

N etin c.

* I n < .,& c .,

B a l., s u r.

D ividend

1907-1908............$1,510,761 $352,259 $231,105 $121,154 (7)$73,500
1906-1907---------- 1,554,961
466,464
295,160
171,304 (7) 73,500
♦Includes $109,447 for additions and betterments In 1907-08 and $175,145
In 1906-07.— (V. 85. p. 158, 721, 1394: V. 87. p. 1295 )
ALASKA CENTRAL RAILW AY. Projected from Seward on south
coast of Alaska ftorth to near Fairbanks, on Tanana River, 450 miles. Of
this, 52 miles from Seward north were In operation S pt 1 1907, and 60 miles
partly constructed. V. 82, p. 1495. Annual report was In V. 87, p. 281.
On May 21 1908 receivers were appointed. O. G. Larabee of Spokane,
Wash., and John F. Goodwin of Valdez, Alaska, arc now receivers. V. 87.
p. 1237; V. 8 6 , p. 1283. On March 27 1909 $250,000 receivers’ certificates
ALABAMA NEW ORLEANS TEXAS & PACIFIC JUNCTION RAIL­ were authorized to repair the road and continue construction. V. 8 8 , p.881
WAYS CO. (LIMITED) — lhls Is an English company controlling Alabama
Sold In foreclosure Oct. 11 1909 for $600,000 to F. G. Jeunnett, repre­
A Vicksburg, 143 miles; Vicksburg Shreveport & Pacific, 189 miles; New
senting Interests holding some $2,400,000 of the $4,000,000 bonds. V. 89,
Orleans A North Eastern, 196 miles.
p. 992.
S T O C K .— P ref. A 6 % c u m .. £1,5 0 0 .0 0 0 ; p r f. B £ 2,500,000 ; p a r. £10.
COMMITTEE.— In Feb. 1919 a bondholders’ committee consisting of
F irst d lv . o n p ref. " A ” s to c k , 3 H % . p aid M arch 10 1908, o v e r d u e a b t .1 5 6 % .
John R. Thompson, James T. Gardner and Frank G. Wright, of Chicago,
S E C U R I T I E S O W N E D .— A la b a m a A V ick s b u rg $30 000 1st m tg e ,
with Chicago Sav. Bk. A Tr. Co. as depository, requested deposits ot 5s
$ 36 3,40 0 2d m t g e ., $141,100 co n s o l, m o rtg a g e an d $ 58 1,50 0 s to c k ; V ic k s ­ ot 1905 under an agreement giving broad powers. V. 8 8 , p. 451, 503.
b u rg S h re v e p o rt A P a cific , $ 1 ,6 1 3 ,0 0 0 g e n . m t g e ., $ 2 ,0 8 0 ,1 0 0 p re f. and
Stock outstanding, preferred, $1,960,000; common, $4,000,000; par of
$ 2 ,7 7 3 ,5 0 0 c o m . s to c k ; N ew O rleans & N orth E a stern , $5 ,1 9 5 ,0 0 0 gen .
shares, $100.— (V. 89. p. 992.)
m t g e ., $ 1 ,5 0 0 ,0 0 0 Incom es and $5 ,3 2 0 ,0 0 0 s t o c k ; S ou th w estern C o n s tru c­
ALBANY & NORTHERN R Y — See page 170.
tio n C o , $44 8 ,7 0 0 s tock : R a ilroad L a nds C o ., $108 850 ( o f $120 000) s to c k .
C O U P O N P A I D .— F o r .......... '9 4 . ’ 95. ’ 96. ’ 98. ’ 99. ’ 00. ’ 01. ’ 02 t o ’ 08
ALBANY & SUSQUEHANNA R R .— (See M a p D elaw are & H udson.) —
“ A ” D e b e n tu r e _______________ % 5
5
5
5
6
5
5
5 % yearly
ROAD.— Owns Albany to Binghamton, N. Y .. 142 miles.
"B ”
do
........................... % .875 1
2M 2 K 4 «
5
5
5 % yearly
LEASED for 150 years from Feb. 1870 to Delaware A Hudson Co.; rental
“ C"
do
........................... % ..................................1 H
-2%
5 % yearly % per annum on stock.
Is 9
(See guaranty, V. 56, p. 774.) Stockholders’




R A IL R O A D S
F o r explanation of column headings, A c ., see notes

on first page of tables

A lle n to w n T erm in al— 1st M g u ar p A 1 (end) g - .C e .x c *
A lton J a c k s o n v ille & Peoria R y — 1st M 580 0,00 0 g o ld
A m a d o r C en tral— 1st M $30 0,00 0 g o l d ________________
A n n A rb o r— F irst m tg e $7 ,0 0 0 ,0 0 0 g o ld ...........M p .x c *
A rk a n s a s L ou isian a & Q uit— 1st M $ 6 ,0 0 0 ,0 0 0 g o l d . .
A r k a n s a s O kla & W e s t— 1st M $1.25 0 ,0 0 0 g (te x t) U sm
Ash'and C oal & Iron — S t o c k _______ _______ _____________

M iles
of
Road

_

3

13
292
143

22
First refunding mortgage $400,000 gold.................N
81
Astoria & Columbia— First mtge $8,000,000...........Ce
Atchison & Eastern Bridge— 1st M g s f red at par. .Ce
Atch Top & Santa Fe Ry— Stock, com $250,000,000..
Stock pref $131,486,000 5% non-cum____________
142
Chicago & St Louis 1st M ($10,000 p m) cur___ F.c
Chicago Santa Fe & California 1st M gold..BB.c*<Str
440
General mortgage gold (see text)-----------Un.c*Ar 8,3 3 9
Adi lno M cumulative sine July 1 1900 g_Ce.c*Ar 8,339
do do Interest stamped payable M A N ________ 8,3 3 9
Eastern Oklahoma Dlv 1st M $9,603,000 g ..G .c* A r
480
694
Transcont’lSLlstM $30,000,000gredl 10 Moxc*r Ar*
Deb gold Ser F to L $2,500,000 each: call 105.O.cAr
Bonds $50,000,000 conv com stk red (text)Mo.c* Ar
_
Bonds $30,000,000 conv com stk red (text). S.xc*Ar
_
Bonds $35,000,000 g conv com stk red(tex)Moxc* Ar
141
Hutchinson & So 1st M g red 105 Ince 19 08..OB.c*
San Fr A San Jo Val 1st M g call 110 aft 19 15..Ale.c
372
198
Santa Fe Pres & Phoenix— 1st M $5,000,000 g.Alec*
P r e s c o t t & E a stern first m tg e p & I g u a r ............... .C e

26 H

Date S ite, or
Par
Am ount
of
Bonds
Value Outstanding
1889
1905
1908
1895
1907
1907
1900
1896
1898

__
__

1885
1887
1895
1895
1895
1903
1908
1902
1905
1907
1909
1898
1896
1892
1898
1904
1909
1906
1906
1906
1907
1907
1907

Atlanta Blrm & Atl— Atl A B R y 1st M red 110-OB.c*
337
Receiver’s certificates, redeemable par...................
Atl Blrm & Atl 1st M $30,000,000 g red 106..OB.C
_
Joint coll trust notes gold redeemable 101------Ta.c*
Equip bonds due $60,000 s-a__________________ Ta
Equip bonds Ser B (V 85 p 39) due $86,000 s-a ..G
...
Georgia Terminal Co 1st M $4 000,000 g gu p & l.OB
Alabama Term’l RR IstM $4,000,000 g gu p & l-OB
269
Atlanta & Charlotte— Stock (sec te x t)...........................
Pref M (old 7s extended In 1907) (see V 64 p 286)--c* 265 4$ 1877
First mtge extended In 1907_____________________ r 2 6 5 }$ 1877
_ 1880
Income bonds (not cum) ext In 1900 and 1907.........

1,000
100
100
1,000
1,000 A c
500 A c
500 A c
600 A c
1,000 A c
1,000 A c
1,000 A c
1,000 A c
1.000 A c
1,000 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

B a la n ce , s u rp lu s.......................................
$18,091
$5 5 ,3 8 5
— $37,294
N e w d ire cto rs S e p t. 190 8, V . 8 7 , p . 544.
P r e s ., E u g e n e Z Im m erm an n;
S e c ., G . C a spar N iles.— ( V . 8 9 , p . 4 1 0 , 4 6 8 , 528, 7 7 7 , 106 8.)
ARGENTINE CENTRAL RY — See p a ge 170.
ARKANSAS LOUISIANA & GULF RY.— T o e x t e n d fro m M o n r o e , L a .,
a t a c o n n e c tio n w ith the S t. L ou is Iron M ou n tain A S o u th e rn a n d V ic k s b u r g
S h r e v e p o rt A P a clflr t*' P in e mu<T Ark
13ft m ile s, w ith b r a n c h . 7 m iles;
t o t a l, 143 m iles. O f th is, M on roe to H a m b u r g , L a ., a n d C rossett, A r k .,
6 1 }$ m ile s , w as o p e r a t e d S e p t. 1909.
E x te n sio n fro m P in e B lu ff to D e
V a ils B lu ffs Is p r o p o s e d . S to c k a u t h ., $ 3 ,0 0 0 ,0 0 0 ; o u ts ta n d in g S e p t. 1909,
$ 1 ,2 4 0 ,0 0 0 .
B o n d s ($ 6 ,0 0 0 ,0 0 0 a u th . Issu e), C o lo r a d o T itle A T ru st C o.
o f C o lo r a d o S p rin gs, C o l., tru ste e ; $2 ,8 6 0 ,0 0 0 w e re s u b s c r ib e d fo r o n a c ­
c o u n t o f 143 m iles u n d er co n s tr u c tio n . V . 86, p . 106 . P r e s ., A lfr e d
C ow les, C h ica go; V .- P . an d T r e a s ., W m . A . O tis; S e c. a n d A s s t. T r e a s .,
C E . T it u s , C o lora d o S prin gs, C o l.— ( V . 8 6 , p . 106.)

ARKANSAS MIDLAND RR.— See page 170.




$45 0,00 0
200,000
3 00 .000
5 g
7 .0 0 0 . 000
4 e
See t e x t
5 g
6 g
See te x t
In 1908
773 ,500
4 g
300 .000
3 .2 8 0 .0 0 0
* e
518 .000
4 g
In 1908
149 ,305 .00 0
In 1909
114 ,173 ,73 0
6 cu r
1.600.000
560 .000
150 ,634 ,50 0
* e
2 0 .7 6 9 .0 0 0
4 g
30.57 7 .0 0 0
4 e
9 .6 03.000
4 tr
17,000,000
4 e
12.401.000
4 e
31 .6 0 1 .0 0 0
4 g
19 503 000
eg
See te x t
4 g
192.000
8 B
6 .0 0 0 .
000 B
8
4 .9 4 0 .0 0 0
224.000
4 .0 9 0 .0 0 0
5 g
3 .2 5 0 .0 0 0
5
1 4 .443.000
8 ,0 0 0 ,0 0 0
9 00 .000
5
1.37 6 .0 0 0
3 ,0 0 0 ,0 0 0
5*
2 .4 4 5 .0 0 0
5 g
In 1909
1.700.000
500.000
4H
4 .2 5 0 .0 0 0
4^
7 50 .000
4H

5*

l*

l*

100
1,000
1,000
500

_____
.
P . B u tle r , C h airm an, cla im s f o r s to c k th e
In 190 6, s a y 3 H % y e a r ly o n s t o c k . V . 8 1 ,
p . 1847; V . 8 3 , p . 968 , 1036. T h e U n ite d S tates S u p re m e C o u rt In O ct.
1909 re fu s e d t o r ev iew th e de cisio n o f th e lo w e r co u rts su stain in g th e ir
p o s itio n a n d th e d iv id e n d w ill th u s be In creased. V . 8 6 , p . 284: V . 8 8 ,
p . 938 , 1 19 6, 1407; V . 8 9 , p . 1068.
B O N D S .— T h e s to ck h o ld e rs on A p ril 7 1905 a u th o riz e d $ 1 0 ,0 0 0 ,0 0 0 o f 40y e a r 3J4 % b o n d s t o refu n d th e $ 1 0 ,0 0 0 ,0 0 0 o f 6s and 7s m a tu r in g A p ril 1
190 6, w h ic h w ere In Ju n e 1905 o ffered at p a r p r o ra ta t o th e sto c k h o ld e r s o f
th e D . A H . T h e n ew bon d s are d a te d A p ril 1 1906, gu a r. p . A 1., and u n til
A p ril 1 1916 c o n v e r tib le Into D . A H . s t o c k — $500 s t o c k fo r $1,000 b o n d s.
Of t h e b o n d s $ 3 ,3 5 4 ,0 0 0 had been c o n v e r te d t o Jun e 190 9, V . 8 0 , p . 117 4,
136 2. 2 34 3.
F orm o f g u a ra n ty V . 8 2 , p. 986.
P r e s ., G e o . P . B u tler: S ec. a n d T r e a s ., W . L . M . P h e lp s . N e w d ire cto rs
(O c t . 1 9 0 9 ), V . 8 9 , p . 106 8.— ( V . 8 9 , p . 1068.)
ALBANY & VERMONT RR.— O w ns ro a d fro m A lb a n y t o W a te r fo r d J e t .,
N . Y . , 12 m iles. L eased t o R en sselaer A S a ra to g a In 1860 and n o w o p e r ­
a te d b y D e la w a re A H u d son C o . A n n u a l re n ta l, $ 2 0 ,0 0 0 .
ALLEGHENY & WESTERN RY.— (S ee M a p B u ff. R och. A P i t ts .) —
P u n x s u ta w n e y t o B u tler, P a ., 60 m iles: b ra n ch , N ew C a stle, P a ., t o C em en t
W o r k s , 6 m .; t o t a l, 66 m iles. A n e x te n sio n o f B u ffa lo R o c h e s te r A P it t s ­
b u r g h , t o w h ich leased In p e r p e tu ity fo r g u a ra n ty o f b o n d s and 6 % on s t o c k .
U ses B a lt. A O h io from B u tle r t o N ew C astle and P itts b u r g h u n d e r a t r a c k ­
a g e a r ra n g em en t, m a k in g In all 147 m ile s. S ee a p p lic a tio n t o list In fu ll,
V . 7 0 . p . 8 4 0 .— (V . 7 4 , p . 774; V . 8 2 , p . 5 0 8 , 626 . 6 9 1 .)
ALLEGHENY VALLEY RY.— O w ns from P itts b u r g h t o O il C ity , P a .,
132 m iles; R ed B a n k , P a ., t o D r iftw o o d , 110 m .; o th e r s , 22 m iles.
C on trolled b y P en n s y lv a n ia R R .C o ..w h ic h on Ja n . 1 1 0 0 9 o w n e d $ 1 0 ,3 3 5 ,­
150 o f th e $10 ,5 4 4 ,2 0 0 c o m . and $16 ,9 1 1 ,6 0 5 o f th e $ 1 7 ,1 7 4 ,0 0 0 o f 3 % c u m u ­
la t iv e p r e f. s t o c k . T h e s to ck h o ld e rs o f th e P en n . R R . v o t e d M arch 13 1906
t o p u rch a se th e r o a d , b u t m erger n o t c o m p le te d t o J u ly 1909. V . 8 1 ,
p. 1847; V . 8 2 , p. 159, 459.
B O N D S .— G en eral m ortgage Is gu aran teed b y P e n n . R R . b y e n d o rse m e n t
on ea ch b o n d .
R ea l estate m o rtg a ge s Jan . 1 1909, $8 0 8 ,0 0 0 .
I n 1 90 8, gross, $ 5 ,6 1 8 ,1 2 8 : n e t, $ 1 ,2 4 9 ,1 8 2 ; ln t ., ta x e s , A c ., $ 1 ,2 2 8 ,5 7 8 ;
b a l ., s u r ., $ 2 0 ,6 0 4 .— (V . 8 2 , p . 159 , 626 , 691; V . 8 8 , p . 1060.)
ALLENTOWN RR.— T o p to n t o K u tz to w n , P a .. 4 }$ m .; R e a d in g sy s te m .
S T O C K .— $1 ,2 6 8 ,8 8 4 (p a r $ 5 0 ), In clu d in g $ 1 ,0 7 1 ,4 0 0 p le d g e d u n d e r
R e a d in g C o . general m o r tg a g e .
N o bo n d s.
ALLENTOWN TERMINAL RR.— O w ns 3 }$ m iles o f railroad In A lle n ­
t o w n , P a ., c o n n e c tin g th e E a st P e n n . (P h lla . A R e a d in g ) w ith th e C en t, o f
N . J.
L ea sed for 099 years to P h lla . A R e a d , and C en t, o f N . J. (b y assign ­
m e n t fro m L eh igh Coal A N a v ig a tio n C o .) a t Interest o n bo n d s and 5 % on
$45 0 ,0 0 0 s t o c k (par $ 5 0 ), b o n d s be in g g u a ra n te e d , p rin cip a l and In terest,
b y P h il. A R e a d . R R . C o. (fo re clo se d ) and L eh igh C oal A N a v ig a tio n .
ALTON JACKSONVILLE & PEORIA RY.— P r o je c te d fro m A lto n t o
J a c k s o n v ille . III.. 65 m iles, o f w h ich A lto n t o G o d fr e y , 6 m .. o p e ra te d In
A p ril 1908, a n d ba la n ce u n d er c o n s tr u c tio n . S to c k a u t h ., $ 80 0,00 0; o u t ­
s ta n d in g , $30 0,00 0; p a r $10 0.
B on d s ($800,000 a u th . Issu e), M erca n tile
T r u s t C o ., S t. L o u is , tru stee. See ta b le a b o v e .
P r e s ., A a ro n O . A u te n ,
J e r s e y v llle , 111.; T r e a s ., A . W . C ross; S e c .. Ju n e M . R h o a d s , J e rs e y v llle , 111.
AMADOR CENTRAL RR.— l o n e to M a rte ll, C a l., 13 m ile s. S u ccessor
t o l o n e A E a stern , so ld In fo re clo s u re A u g . 22 1908. S to c k , $40 0,00 0;
p a r , $ 10 0. S in k in g fu n d be g in n in g F e b . 1 1913 e q u a l t o 2 % o f o u ts ta n d ­
in g b o n d s ; U n ion T r u s t C o ., S an F ra n cis c o , Is m o r tg a g e tru ste e . V . 8 8 ,
p . 156. P r e s ., C harles E rick so n ; S e c. a n d S u p t., J . A . M cP h e rs o n , M ar­
te ll, C al.— (V . 8 8 , p . 156.)
AN N A R B O R R R .— (S ee M a p D etroit T o l. A Ir o n to n .)— O w ns road fro m
T o le d o , O ., t o F r a n k fo r t, on L ake M ich igan , 292 m iles; t r a c k a g e , T o le d o t o
A le x is , 9 m .; op era tes ca r ferries betw e e n F r a n k fo r t, M to h ., K ew au n ee and
M a n it o w o c , W I s ., and M en om in ee and M a n lstlq u e , M ic h . W a b a s h uses
T o le d o term in als.
M a n lstlq u e A L a k e S u p erio r, M a n lstlq u e , M ic h ., to S h ln g le to n , 40 m iles,
w ith b r a n c h t o M cN eils, 13 m ile s, w as a c q u ir e d b y frie n d ly Interests In
J u ly 1909. V . 89, p . 468.
O R G A N I Z A T I O N .— S u ccessor N o v . 1 1895 t o T o l. A n n A r b o r A N o r.
M ic h ., fo re c lo s e d .
I n 1906 th e D e t. T o l. A I r o n t o n R R . (w h ich see) had
a c q u ir e d $ 3 ,1 0 2 ,4 0 0 p ref. a n d $ 2 ,1 9 0 ,0 0 0 c o m . s t o c k .
See V . 8 9 . 528.
S T O C K .— C o m m o n , $ 3 ,2 5 0 ,0 0 0 ; p r e fe rre d , $ 4 ,0 0 0 ,0 0 0 ; 5 % n o n -cu m u la t lv e ; p a r $100.
P ref. s to c k c e r t ., ‘ S u p p le m e n t” O ct. 30 1897, p. 3.
E A R N I N G S .— 2 m o s .J 1 9 0 9 ................ . . G r o s s , $ 29 6,21 5; n e t , $102,104
J u ly 1 to A u g . 3 1 .
j 1 90 8...................... G ross, 3 1 8 ,2 5 7 ; n e t,
94,568
A N N U A L R E P O R T .— F o r 1908-09 w as In "C h r o n ic le ” a b o u t O c t. 30:
1907-08.
In c. or Dec
Year ending June 30—
1908-09.
$ 1 ,8 8 2 ,7 8 2 — $174,301
G ross e a r n i n g s _____________
$1,708,481
$ 37 0,76 0
+ $19,690
N et a ft e r t a x e s ............................................... $39 0,45 0
$ 46 8,88 0
+ $23 ,058
N et In c o m e _____________________________
$491,938
4 08 ,483
+ 61,211
D e d u c t— In te r e s t, hire o f e q u ip ., A c .
469 ,694
5,012
— 859
B e t t e r m e n t s ____________________________
4,153

%

ie

$1,000
1,000
500
1,000
1,000
1,000
60
1,000

ro c
c o m it
,
§ enteefltt lv fe refu nm intge eeffeGceo.d
o
d
te

IN T E R E S T OR D IV ID E N D S
Rate

When
Payable

Where Payable, and by
Whom

J
M
M

A
N ew Y o r k an d P h lla
&
N ew Y o r k A St L ou is
& N U n io n T r C o , San F ran
M e tro p o lita n T r C o , N Y
Q— J
J
&
J N Y M ort T r A C ol Sprg
J
&
J U S M tge A T r C o , N Y
Q—M C h e ck from C o 'i o ffic e
M & N N ew Y o r k T r u s t C e , N Y
F
A
J
&
C en tral T r u s t C o , N Y
J
&
C h eck s m a ile d fro m N Y
F
&
do
do
M &
5 N assau S tr e e t, N Y
J
&
do
do
A A
do
do
do
do
N ov
do
do
M A N
do
M A
do
do
do
J
A
do
A
do
do
do
A
do
do
A
do
A
do
do
do
A
do
do
A O
A
S M e rca n tile T r u s t C o , N Y
C en tral T ru s t C o , N Y
A
A
O ld C o lo n y T ru st C o ,B o s .
A
F a rm ers’ L A T r C o , N Y
A
J Jan 1909 c o u p o n n o t p a id
M A N See te x t
M A N M ay ’09 c o u p p d J u ly '09
J
A
J J u ly '0 9 c o u p p d w h d u e
A
J Jan 1909 c o u p o n n o t paid
A
J Jan 1909 c o u p o n n o t paid
A
S U S M tge A T r C o . N Y
A
J
do
do
do
do
A
J
do
do
A
J

Bonds — P rin ci­
pal, When Duo.
Stocks— Last
Dividend
J u ly 1 1919
M ch 1 1937
N o v 2 1938
J u ly 1 19Gb
J u ly 1 1957
Jan 1 1947
Sep 25 1909 l ff r
M ay 1 1925
Aug 71996
J u ly 1 1928
D ec 1 1909 3
A u g 2 1909 2 *
M ch 1 1915
Jan 1 1937
O ct 1 1995
July 1 1995
July 1 1995
M ch 1 1928
July 1 1968
F eb 1 1910-1914*
J u n e l 1955
June 1 1917
June 1 1 9 5 5
Jan 1 1928
O ct 1 1940
Sep 1 1942
A p r 1 1928
J a n 1 1934
J u ly 1 1911
J;an 1 1936
M ay 1 1910
N o v ’ O O -N ov’ 16
Jan ’ 10 J u ly ’ I T
J a n 10 1927
Jan
1 1927
S e p t 4 1909 3 hi
Jan 1 1910
Jan 1 1910
Jan 1 1910

ARKANSAS OKLAHOMA & WESTERN RR.—T o e x te n d fro m Eureka.
S p rin g s, A r k ., at a c o n n e c tio n w ith th e M issouri A N o rth A r k a n s a s , w e s ­
te rly to P r y o r C reek , O k la ., 125 m ile s, o f w h ich R o g e rs t o SUoam S p rin gs
A r k . 30 m iles, In o p e ra tio n In Sept. 1908. S to c k a u th ., $ 3 ,0 0 0 ,0 0 0 ; o u t ­
sta n d in g F e b . 1909, $ 72 0,00 0; p a r. $100.
B o n d s are lim ited t o $ 1 ,2 5 0 ,­
000 at $10 ,000 p er m ile. V . 8 6 , p . 107. P r e s ., W . R . F e lk e r, R o g e rs , A r k .
S e c ., F . F . F reem an ; T r e a s ., J . E . F e lk e r, R o g e rs , A r k .— ( V . 8 6 , p , 107.)
ASHEVILLE & SPARTANBURO RR —See Southern Ry., Carolina Dlv.
ASTORIA & COLUMBIA RIVER R R — G o b le t o S easid e. O r e ., 79 m .;

b r a n c h ,W a r r e n to n t o N ew A s to r ia , 2 m .; tr a c k a g e , G o b le t o P o r tla n d , 40 m .;
t o t a l, 121 m iles. S t o c k , $ 1 ,6 1 9 ,0 0 0 ; p a r $100.
In 1907 a cq u ire d b y G re a t
N orth ern and N orth ern P a cific . V . 8 4 , p . 8 6 7 . Y e a r e n d in g J u n e 30 190 7,
gross, $61 7,10 5; n e t , $ 2 5 3 ,1 7 5 ; o th e r In c o m e , $ 4,985; c h a rg e s . $1 8 8 ,5 4 8 ;
b a la n c e ,s u r p lu s , $ 6 9 ,6 1 2 . P res. F ran cis B . C la rk e .— (V . 8 5 , p . 164 5.)

ATCHISON & EASTERN BRIDOE.—Owns railroad and wagon bridge

at A tc h is o n , K a n ., c o n n e c tin g w ith th e u n io n s ta tio n .
U sed b y th e A te n .
T o p . A S an ta F e , th e C h ic. R . I. A P .. th e M o. P a c. and th e C h lo. B u rl. A
Q u in cy .
A re organ ization o f th e C h ic. A A tch. B rid g e C o. fo re c lo s e d M c h . 4
1898, p e r p la n V . 6 5 , p . 366 . S t o c k , $70 0,00 0; p a r , $100 p e r sh are. P r e t .
a n d T r e a s ., H . P . E ells, C le v e la n d , O .— (V . 6 7 , p . 578 .)

(THE) ATCHISON TOPEKA & SANTA FE RY.— (See M a p .) — T h e s y s ­
tem o p e ra te d J u l y l 1909 c o m p ris e d 9 .8 8 7 .3 6 m iles o f railroad and e m b r a c e d
an u n b ro k e n line o f tr a c k fro m C h ica g o , 111., v ia K ansas C ity , M o ., a n d A l­
b u q u e rq u e , N . M ., t o th e P a cific O cea n aisc t o G a lv e s to n . T e x . , an d th e
G u lf o f M e x ico ,
F o r op e r a tin g p u rp oses th e 9 ,8 8 7 m . are d iv id e d a s fo llo w s :
M ile s .
M iles.
Atchison Topeka A S. F ___ 7,438.30 P e co s R iv e r R R .........................
54.2 7
20.17 S a n ta F e P r e s . A P h o e n i x . . 2 57 .40
Rio Grande A El Paso...........
Gulf Colorado A Santa F e . . 1,518.18 S o u th e rn K a n . R y . o f T e x a s 1 25 .07
Eastern Ry. of New Mexico. 227.29 T e x a s A G u lf R y ____________
94.86

Pecos A Nor. Texas R y ___ 151.82
This is exclusive of 6.84 miles of new lines completed on last-named date.
Also controls through ownership of securities, or owns Jointly with other
roads, 734.06 miles.
Cut-off Texlco, N. M., to Brownwood, Tex., 300 miles, with branches,
total about 500 miles, under construction. V. 89, p. 223.
In 1900 acquired control of Gulf Beaumont A Kansas City and Gulf Beau­
mont A Great Northern, which are leased. V. 76, p. 751; V. 77, p. 1224.
Leases Cane Belt R R ., 105 miles (entire stock owned) for 50 years from:
July 1905. V. 85, p. 598.
ORGANIZATION.—This company was organized on Dec. 12 1895 under
the general laws of Kansas by the purchasers at foreclosure sale of the
property and franchises of the Atch. Top. A S. Fe R R . Co. V. 60, p. 658.
The railway company in July 1909 owned in fee 6,693.14 miles of system,
and also all, or nearly all, the bonds and stocks of the various companies In
which the title to the other lines Is vested. V. 6 8 , p. 974. A list of such
holdings Is In the general mortgage (In V. 62, p. 732, 733) and successive
annual reports. See V. 69, p. 1300; V. 71. p.27.
San Francisco A San Joaquin Valley Ry. was merged June 1801.
Has a Joint Interest with the Southern Pacific In the Northwestern Pacific
R R .. Incorporated Dec. 31 1906 as a consolidation (see that company).
STOCK.— The pref. stock has preference as to assets and non-cumulatlvo
dividends not exceeding 5 % per ann., as declared by the board of directors
out of net profits
No other mtge. and no Increase in the oref. stock can be
made without consent of majority of all pref. outstanding and of all com.
stock represented at a meeting. The total auth. amount of pref. Is $131,
486,000, of which $10,800,000 reserved to acquire other lines; also $6,486,­
470 In special trust for Improvements, extensions, Ac. Pref. stock certs. In
"Supplement” of April 1897, p. 3. In July 1900 Un. Pac.sold $10,000,000'
pref. stock purchased In 1906. V. 84, p. 50, 569; V. 89, p. 223.
Stockholders voted Jan. 30 1907 to Increase the auth. com. stock from
$152,000,000 to $250,000,000 and also not exceeding $98,000 JI00 bonds, t*
be convertible Into com. stock. V. 8 8 , p. 1001. See BONDS below.
D I V . ( % ) . 1899. 1900. 1901. 1902 t o 1905.

1906. 1907. 1908.

1909.

On com ___
0
0
3}$ 4 yearly (JAD) 4H
6
5
Below.
On pref----- 2 H
4
5 5 yearly (FAA) 5
5
5
6
In 1909, on common, June, 2}$% ; Dec., 3% . V. 8 8 , p. 817.
BONDS.— The Gen. Mort. (Abstract V. 62, p. 731-739; see also V . 6 8 .
p. 974; V. 8 6 , n. 1098) gives a lien, either by direct mortgage or by collateral
trust on 8 338.44 m. of the system, together with all the equipment and
terminals owned by the company, and future acquisitions.
General mortgage 4j (limited to $165,490,500).
----------Reserved---------a To retire guar, fund notes paid and car trust* at In 1805.
In 1909.
not exceealngSl ,250 for each $1,000 of old bonds.$15,500,000 $2,339,38$
6 Non-assenting bonds from reorganization of 1889.
1,500,000
504,960
c Chicago A St. Louis 1 st mtge. 6 s .......................... .. i.5nn.ono 1,500,000
For Improvements, terminals, second track, Ao_ 30,000,000 1,852,102
_
For acquisition of Atlantic A Pacific and other lines. 20,080.008 4 ,7 3 1 .504
The A d justm ent M ortga ge (Abstract. V. 62, p. 739) Is to the Central Trust
Co. as trustee. Interest Is payable only out of net earnings up to 4 % In each
year, cumulative since July 1 1900. Present issue Is limited to $51,728,000,
but when the $30,000,000 general 4s authorized for Improvements as above
have been Issued. $20,000,000 additional adjustment 4s may be Issued for
the same purpose at not exceeding $2,000,000 In any one year, but only by
a majority vote of the adjustment bondholders, interest — In Nov. 1897
paid 3% ; since, full 4% yearly
...
The Eastern Oklahoma division 4s of 1903. V. 76, p. 434, V. 79, p.
1331; V . 84, p . 1549; V . 85. p. 598; V . 86, p. 980 , 1041.
The Tran s-C on tinental Short L in e ” first gold 4s of 1908 are limited

to $30,000,000 authorized Issue. The $17,000,000 sold In July 1908
cover 694.46 miles In operation, comprising the line from Amarillo, Tex,,
to Pecos, Tex., 376.06 miles. Clovis, N. M., to Rio Puerco, 257.52 miles,
(completed in 1908); the Pecos Valley A Northeastern, Cameo, N. M., to
State Line, 208 m., and branches aggregating 60.88 m. The remaining
$13,000,000 can be Issued at $25,000 per mile. V. 87. p. 478, $93. .

Ft. Benton^

Belknap’
llssoula

'ilu lla u ^ '

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KAILWAY STOCKS AND BONDS.

I

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PIE R R I
Ihamberlaii?

Sundance
Merimr
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San Miguel

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^•^yOAKOALE
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frin g s

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R A IT .R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on first page o f tables.

M ile s
of
Road

D ate
of
B on d s

A tlan ta K n o x v ille & N orthern R y — See L ou isville & N ashvll le
A tlan ta & St A n d r e w s B a y — 1st M $ 1 ,0 0 0 ,0 0 0 g r e d . .
85 1908
2d M ($ 1 ,0 0 0 ,0 0 0 a u th _________ _______ _____________
85 1908
A tla n ta T e r m in a l— First m tge $ 1 ,5 0 0 ,0 0 0 g o l d .S .c * f t i
3.3 1903
A tla n ta & W est P o in t— S t o c k ............................................. .
86
D eb en tu re c e r t i f i c a t e s ...................
...................... .....
1881
A tla n tic C ity — f i r s t M tge $2,2 0 0 ,0 0 0 g o l d ._ G u P .x c *
83 1889
A t la n t ic C ity pu rch ase m o n e y real estate m tg e - G P
1900
6 6 ISOS
1st con s M $ 4 ,5 0 0 ,0 0 0 g g u . - . T ________________
GP
A ll
1901
_____
A tla n tic C oa st Line C o , (C on n .) — S to c k 5 3 0 ,0 0 0 ,0 0 0 . _
1897
Certs o f In dcbt Inc n on cu m $ 6 ,0 0 0 ,0 0 0 ______ S B a .r .
1900
do
do
r e d eem a b le at 105 a fte r 20 y r s . . SBa
___
1905
do
do
r e d eem a b le at par a fte r 5 y e a r s ..........
___
____
A tla n tic C oa st Line R R — S to c k c o m m o n ( t e x t ) ................
___ ____
Class " A " c o m s t o c k ta x e x e m p t (R ic h ft P et certs)
___ ____
P referred s to c k 5 % ____________________________________
F irst c o n s o l m tg e $80 ,0 0 0 ,0 0 0 gold (te x t) U s .c * & t* 3,917 1902
_
_
1902
Coll tr M gold secu red b y I, ft N stk red 105 o * ftr
1st M J a ck J cS ow $ 2 ,0 0 0 ,0 0 0 g (V 8 1 ,p 1 5 5 9 )-S B a .c *
163 1904
___ 1902
C ertificates o f In debtedn ess (new ) $ 2 5 ,0 0 0 ,0 0 0 -------___ 1907
N o te s . $ 5 ,0 0 0 ,0 0 0 g o l d _______________________ . . . e & r
W in s to n -S a le m S o u th b o u n d 1st m o rtg a g e g o l d .
.
E q u ip trust bon Is gold $ 2 2 5 .0U0 d u e s - a ____ SBa c*
1907
B on d s U nderlying F ir s t C onsolidated 4s
N o rth E a st (S C) c o n s M g o ld F l o r t o C h a r le s to n — c
102 1883
W ilm in g to n Col & A u g 1st M (W llm t o C o l u m b i a ) ..
239 1880
A t la n tic C L o f S C gen 1st M (1st on 355 m )g _ S B ac*
696 1898
68 1881
P e te r s b u r g M class A g o l d ------------------------------------------do
do
class B gold (P e te rs b u rg t o W e ld o n ) .
68 1881
R ic h m o n d ft P etersb u rg first m tg e ($24,500 are 7s) 22 1875
C on sol M g (R ic h m o n d t o P e te rs b u rg , e t c ) ____ C e .c *
27 1890
W llm & W e ld o n gen M ($938,000 arc 4s) g . _ S B a .c *
479 1885
W ilm in g to n & N ew Bern 1st M gold assum ed .S B a
90 1897
110 1889
N o r & Car 1st M g old (P P t V a to T a r N C )___ C e .c *
110 1896
S econ d m o r tg a g e g o l d ...................... ................ S B a .c*
547 1884
S a v F la ft W 1st M g ($ 2 ,4 4 4 ,0 0 0 are 5 s ) .. M p ,e * & r
C h arleston & S av an n ah gen m tg e g o l d .......... S B a .c*
l 1 1 1886
B r u n s ft W 1st M (B ru n s w ick to A lb a n y ) g g u .M p .e
169 1888

_

- ..$ 3 3 ,7 5 5 ,3 0 3 $ 2 0 ,7 4 3 ,2 8 5
...
1,1 5 8 ,3 7 5
671 ,974

A m oun t
O utstanding

$1,000

W hen
P a yable

Rate
%

$42 5,00 0
6 g
5
425 ,000
1,500,000
4 g
1,232,200 6 in 1909
6
1.232,200
2 .2 0 0 .0 0 0
5 £
75,000
4 4

1,000
100
1 .000
1 ,ouo
1 000

A

ft

O N ew

ft
ft

D S ta n d a rd T ru s t C o , N Y
J A tla n ta Ga
do
J
N R ea d in g T e r m in a l, Phlla
<)
do
do

1 ,8 5 0 ,0 0 0
1 2,600.000
5,0 0 0 ,0 0 0
5,0 0 0 ,0 0 0
3.0 0 0 ,0 0 0
47,5 3 7 ,0 0 0
1,900.000
1 .596,600
50.4 6 8 .0 0 0
35,000 ,000
1,833,000
21 ,566.600
2 970.000

1 000

3.3 75,000

1,000
1,000

J
657,000
6
J
1,600,000
5,5 4 7 ,0 0 0
■
J
4 g
868 ,000
J
800 .000
A
340,500
M
6 & 7
300.000
4H g A
4 ,0 0 0 ,0 0 0 l g ft 5 g J
F
106,000
4 g
5 g
\
1 .320,000
400 ,000
J
5 g
6 .500,000 5 g ft 6 g V
1,500 ,000
J
7 g
J
4 tr
1 .107.000

l.ooo

1,000
1.000
500 < ce
5
1,000
1,000
1,000
1,000
1,000
1,000
1 ,000
500 &e

+ $ 7 ,0 1 2 ,0 1 8
+ 4 8 6 ,4 0 1

4 g
S ee t e x t .
5 cu r
4
4
See t e x t
See text
5 In 1909
4 g
4 g
4 g
4
5 £
4 g

W here P a y a b le, and by
W hom

J
J
J
M
A
A

1,000
100
100 &o
100 &c
100 &c
100
100
100
1,000 &c
1,000 &c
1,000
100 &c
1,000 &c

T h e $ 3 0 ,0 0 0 ,0 0 0 debenture 4s o f 1902 are p a id o ff $ 2 ,5 0 0 ,0 0 0 y e a r ly .
N o new m ortg a g e o n lines o w n e d w hen the d e b e n tu re s w ere Issued can
be m a d e w ith o u t s ecu rin g d e b e n tu re s th e re u n d e r. See s ta te m e n t. V . 74,
p. 150 , 204 ; also V . 7 5 , p . 680. T h e d e b e n tu re s are p aid from cash In th e
trea su ry and n o t In clu d ed In the In com e a c c o u n t
V . 7 7 . p . 2338.
T h e 4s o f 1905 ($ 5 0 ,0 0 0 ,0 0 0 a u th o rize d Issue) are c o n v e r tib le at par b e ­
tw een Ju n e 1 1906 and Jun e 1 1918, and m a y be ca lle d at 1 10 on a n y Interest
d a y , b u t w hen ca lled m a y be c o n v e r te d Into s to c k p ro v id e d th e tim e fo r eon
version has n o t e x p ir e d .
N o new m tg e . on lines o w n e d Jan . 1 1905 shall
be m a d e w ith o u t secu rin g th e c o n v e r tib le b o n d s th e re u n d e r.
V . 7 9 . p.
260 5; V . 8 0 . D. 649; V . 8 1 , p . 1174; V . 8 2 , p. 3 9 1 .8 6 7 .
S to c k h o ld e r s o n J a n . 30 1907 a u th o riz e d $ 9 8 ,0 0 0 ,0 0 0 o f c o n v e r tib le
b o n d s . T h e $ 2 6 ,0 5 6 ,0 0 0 Issued In 1907 are c o n v e r tib le Into c o m . s to c k at
p a r to Jun e 1 1913 an d m a y be ca lled a t 110 o n a n y Int. d a y . b u t w hen called
m a y be c o n v e r te d Into s t o c k , p r o v id e d th e tim e for co n v e r s io n has n ot e x ­
p ired .
N o new m tg e . on lines ow n e d Jan . 1 1907 shall b e m a d e w ith o u t se­
c u r in g th e 5s o f 1907 th ereu n d e r. V . 8 4 , p. 10 5 1 , 1112; V .8 5 , p 97, 2 8 3 ,5 2 9 .
S to c k h o ld e r s w ere o ffere d In 1909 th e rig h t t o su b scrib e fo r $28 ,2 5 8 ,0 0 0
c o n v e r tib le 4 % b o n d s a t 104, p a y a b le o n e -fo u rth each a t tim e o f s u b s crip ­
tio n . b e tw e e n F e b . 2 and F eb . 4 , b e tw e e n A u g . 2 an d 4 1910, an d b etw een
F e b . 7 an d F e b . 9 1911; th e y are c o n v e r tib le in to co m m o n s to c k a t par to
Jun e 1 1918 a n d m a y b e ca lle d a t 110 o n a n y Interest d a y , bu t w hen called
m a y be c o n v e r te d Into s to c k p ro v id e d the tim e fo r co n v e r s io n has not e x ­
p ired .
N o new m t g e . on lines o w n e d J a n . 1 1905 shall be m ade w ith o u t
secu rin g th e co n v e r tib le b o n d s th e re u n d e r.
In S e p t. 1909 $2 5 ,2 9 7 ,0 0 0 had
b een p aid fo r In fu ll.
V . 8 8 . p . 1435, 1559.
D ivision al B on d s, in A d d ition to T hose in Table A b ove, O utstanding J u n e ’ 09.
N a m e of Issu e.
D ate.
Interest. Outstanding. M a tu rity
G u lf Beau ft K C 1st M g o l d ............... 1893 6 g F -A
$613,000 A u g 1 1913
2d M ($138,500 are 6 s ) . ................. 1893 5& 8 g F -A 2S4.500 A u g 1 1 9 1 3
C ane B elt 1st M . g , r e d (V .8 7 ,p .3 6 ) 1901
5 g J D
7 5 0 ,0 0 0 Ju n e 1 1921
L A T E S T E A R N I N G S .I 1 9 0 9 .......... G ross, $ 1 6 ,7 0 2 ,1 1 1 ; n e t, $ 6 ,4 6 0 ,6 6 7
2 m o s ., J u ly 1 t o A u g 3 1 .J 1 9 0 8 . ____G ross, 1 4 ,5 0 8 ,5 6 7 ; n e t, 5 ,475,553
B a lan ce a fte r ta xes a n d ren tals fo r 2 m o s . o f 1909 w as $ 5 ,9 0 4 ,7 5 3 ,
a gain st $ 4 ,8 6 2 ,1 5 8 .
R E P O R T . — A n n u al m eetin g fo u r th T h u rsd a y in O cto b e r .
R e p o rt fo r
year 1909 w as given In V . 89, p. 83 7, 855 ; see also page 809.
1908-09.
1907-08.
I n c . or D ec.
A v era g e m iles o p e r a t e d ------------------9,7 9 5
9 ,t l5
+360
O p e r a tin g r e v e n u e s _____ ______
.$ 9 4 ,2 6 5 ,7 1 7 $ 90 ,617 ,79 6 + $ 3 ,6 4 7 ,9 2 1
O p era tin g e x p e n s e s .. . . . . . . . . -------$5 7 ,4 9 5 ,1 9 5 $ 6 0 ,6 2 9 ,9 1 5 — $ 3 ,1 3 4 ,7 2 0
T a x e s ____ _________
3 ,0 1 5 ,2 1 9
3 ,2 4 4 ,5 9 6
— 229 ,377
O p era tin g i n c o m e . . .
O th er in c o m e ____________

I N TH R U S T OR D I V I D E N D S

S iz e, or
Far
V a lu e

j

ft

ft
ft o
&
ft J

Y ork

do

an d

B a ltim ore
O— M
ft
D In 1908 paid 5 %
ft
J In 190 9 paid 4 %
ft
J
J In 1909 paid 4 %

A tlan ta O ct

do

J
J

ft

B on ds— P r in c i­
pal. W hen D u e
Stocks^ -Last
D ivid en d

M ay 1 1919
A p r 1 1930
J u ly 1 1951
■Sep 10 1909 2 Y i
Irre d e e m a b le
J u ly 1 1909 2 %
Jan 1 1025
J u ly 10 1909 3
J u ly 10 1909 3
N o v 10 190 9 2
J u ly 1 1952
O ct 1 1952
D ec 1 1954
Irre d e e m a b le
Mch 1 1910

J
J
M
M
\
1
J
\
1
M

ft
ft
ft
ft
ft
&
ft

J
J
N
S
N
D
N
S

M

ft

s

T o M ch 1 1917

.1
1) First N at B k , N Y ; ft Balt
J Safe D e p ft T ru st C o ,B a lt
J R ic h m o n d O ffice

Jan
Ju n e
Ju ly
Ju ly
O ct
M ay
\pr
Ju ly
Aug
Apr
Jan
Apr
Jan
Jan

ft
ft
&
ft
ft
ft

o

do
do
B row n B ro th e rs, N Y
J First N at B k , N Y ; ft Balt
A Safe D ep ft T ru st C o .B a lt
O C entral T ru st C o , N Y
J Safe D e p ft T ru s t C o ,B a lt
o U nited States T r C o , N Y
,T
do
do
.T .
do
do

N

ft o

ft
ft
ft
ft
ft
ft
ft

Treas O ffic e , W llm . N C
do
do
do
do
U nited S tates T r C o. N Y
J P M organ & C o , N Y
Safe D e p ft T ru s t C o ,B a lt
Treas O ffic e . W llm , N C
U nited States T r C o. N Y

1 1938

Jun e 1 1953
•July 3 1909 3 %

1
1
1
1
1
1
1
1
1
1
1
1
1
1

1933
1910
1948
1926
1926
1915
1940
1935
1947
1939
1946
1934
1936
1938

Com m ittee fo r J oin t Collateral N otes and F irst 5 s .— G eo. C. C lark, C h air­
m an; G eo. C. Clark J r ., S e c .: T ru s t C o. o f A m e rica , N . Y ., a n d A m erica n
T ru st C o ., B o s to n , de p o sita rie s.
V . 88, p . 623 , 685 , 943.
S T O C K .— A u th o riz e d , $25 ,000 c o m m o n an d $10 ,0 0 0 5 % n o n -c u m u la tiv e
p referred per m ile: par o f shares, $100: Issued: c o m m o n , $ 2 5 ,0 0 0 ,0 0 0 : pre­
fe rre d , $ 1 0 ,0 0 0 ,0 0 0 .
O f these $ 1 7 ,0 0 0 ,0 0 0 c o m m o n an d $ 5 ,6 0 0 ,0 0 0 pre­
ferred d e p o s ite d u n d er co llateral trust n o te s.
B O N D S .— O f the 5s or 1906 ($ 3 0 ,0 0 0 ,0 0 0 a u th o r iz e d Issue), $ 1 4 ,4 4 3 ,0 0 0
h a v e been issu ed, o f w h ich $ 5 ,0 0 6 ,0 0 0 Is d e p o s ite d und er co ll, trust n otes.
T h e co llateral trust 5 % n otes ($ 8 ,0 0 0 ,0 0 0 ) so ld In M ay 1906 are a Joint
o b lig a tio n o f the railroad an d th e A tla n tic ft B irm in gh am C o n stru ctio n C o.
T h e y are secu red b y d e p o sit o f $ 5 ,0 0 6 ,0 0 0 A tla n ta B irm in gh am ft A tla n tic
first m o rtg a ge b o n d s an d $ 5 ,6 0 0 ,0 0 0 preferred and $ 1 7 ,0 0 0 ,0 0 0 c o m m o n
s t o c k , and $ 1 ,0 2 6 ,0 0 0 e q u ip m e n t n otes o f the ra ilro a d , en tire s to c k ($ 5 ,0 0 0 ,­
000) o f B irm in gham C oal & Iro n C o ., o w n in g 3 5 ,0 0 0 acres o f coa l and 3,6 0 0
acres o f Iron ore lands (s u b je c t to $ 4 ,1 5 9 ,0 0 0 b o n d s ), an d the $ 1 ,1 0 0 ,0 0 0
s to c k an d $ 1 ,0 0 0 ,0 0 0 b o n d s o f B run sw ick SS . C o .
V . 82, p. 1267; V . 8 3 ,
p. 3 5 , 1290: V . 84, p. 270: V . 8 5 , p . 1104; V . 88, p. 451 , 503.
E q u ip m en t
o b lig a tio n s J u ly 1 1909 o th e r than in ta b le a b o v e , $ 1 7 0,00 0 5s, m atu rin g
$10 ,000 q u a rte rly (Q .-M .) to M arch 1 1014.
T h e c o n tr o lle d co m p a n ie s , the G eorgia T erm in al C o ., A la b a m a T erm in al
R R ., B irm in gh am Coal & Iron C o. an d B run sw ick SS. C o. w ere p la ced In
re ce iv e rs’ hands In F eb . 1009, th eir b o n d e d d e b ts be in g r e s p e c tiv e ly
$ 3 ,0 0 0 ,0 0 0 , $ 2 ,4 4 5 ,0 0 0 , $ 4 ,1 5 9 ,0 0 0 (In clu din g $ 2 ,0 0 0 ,0 0 0 o f B irm in gh am
Iro n C o.) an d $ 1 ,0 0 0 ,0 0 0 .
V . 84. p. 1427, 1551: V . 85, p . 470; V . 88,
p. 156, 45 1 , 503, 563.
L A T E S T E A R N I N G S .] 1908-09............G ross. $ 2 ,0 6 9 ,8 0 9 ; n e t, $ 3 5 7 ,0 2 6
12 m o s ., J u ly 1 to June 3 0 /1 9 0 7 -0 8 ______ G ross, 1,5 '3 ,8 14; n e t, 3 9 3 ,5 1 7
F or 3
m o s. e n d in g O ct. 14, gro ss, $ 6 9 0,13 8 In 1909, a g ain st $521,289
In 1908.
R E P O R T fo r y ear e n d in g June 30 1008 In V . 8 7 , p . 1291, sh ow ed on 491
m iles. gross. $ 1 ,5 8 3 ,8 0 5 ; n e t, $ 42 6,66 3: o th e r In com e, 5 13 6,68 9; Interest,
ta x e s , & c., $51 8,71 4; b a l., s u r ., $ 4 4 ,6 3 7 . S ee also V . 88, p . 227.
(V . 89,
p . 40, 102, 223.)

ATLANTA & CHARLOTTE; AIR LINE RY.— lSee M a p Southern R ailw ay
Sgstern.)— O w ns C h arlotte, N . C ., to A n n o ir, G a ., 263 m iles.
T h e o p e ra tin g c o n tr a c t o f 1881 a c c e p te d b y th e Sou th ern R y . requires th e
p a y m e n t o f Interest on A t . ft C. d e b t and 5 % on s t o c k ; If gross earnings e x ­
ceed $ 1 ,5 0 0 ,0 0 0 , d iv id e n d s t o b e 6 % , and If th e y e xceed $ 2 ,5 0 0 ,0 0 0 ,7 % .
In 1907 th e b on d s (th ree Issues) w ere e x te n d e d 3 years. V . 8 3 , p . 1347.
S to c k largely d e p o s ite d w ith a c o m m it t e e , W . E m lon R o o s e v e lt, Chairm an
(1J. S. M tge. ft T ru st C o. d e p o s it a r y ) , u n til M ay 1 1910, to p r e v e n t Increase
o f m tg e . d e b t unless s to c k Is r e co m p e n se d
V . 8 3 , p . 1410.
D IV ID E N D S ,
11881 t o ’80. 1890. 1891 t o M c h .’Ol in cl.
S in ce
P ercen t—
J 5 y e a r ly .
5!^
6 y e a rly (M & S ),
7 y r ly .(M ft S )
P r e s ., C. S . F a irch ild , N . Y . — (V . 8 3 , p . 1410.)

.

T o ta l in com e _________
$ 3 4 ,9 1 3 ,6 7 8 $ 2 7 ,4 1 5 ,2 5 9
+ $ 7 ,4 9 8 ,4 1 9
In terest on b o n d s . .
$ 1 3 ,5 4 8 ,0 8 2 $ 12 ,579 ,30 2
+ $ 9 6 8 ,7 8 0
1.105,835
1,238,449
— 132,614
H ire e f e q u ip m e n t, rentals, & c _____
ATLANTA & ST. ANDREWS BAY RY.— O w ns fro m D o th a n , A la ., to
D iv id en d s on pref. s to c k ( 5 % ) _____
5 ,7 0 8 ,6 9 0
5,7 0 8 ,6 9 0
------------- n am a C ity , F la ., o n S t. A n drew s B a y , G ulf o f M e x ico , 85 m iles; o p en ed
Pa
D iv id e n d s on co m m o n s to c k
( 5 % ) 5 , 152 ,550 (5 J^)5,662 ,007
—510,057
J u ly 15 1908. S to c k a u th o riz e d , 5 1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g $30 0,00 0; par,
A d d itio n s an d b etterm en ts . . . .
9 ,0 0 0 ,0 0 0
340,332
+ 8 ,6 5 9 ,6 0 8
5100. T h e first 6s (C entral T ru st & B a n k in g C orp ora tion o f A tla n ta , Ga.,
trustee) are s u b je c t to call a t par b e gin n in g O ct. 1 1911. V . 8 8 , p . 085;
B a la n ce, s u r p lu s __________________ _
$398,521
$1,8 8 5 ,8 7 9
-$ 1 ,4 8 7 ,3 5 8
V . 83, p. 270.
F or 6 m o n th s e n d in g D e c. 31 1908, gross, $51 ,4 5 4 : n e t,
$16 ,185 ; Interest on b o n d s, $12 ,750 : b a l., su r., $ 3 ,5 3 5 .
P re s., A. B.
Old B a sts—
190 6-0 7.
1905-00.
190 4-0 5.
1903-04.
Steele, A tla n ta , G a .; S e c ., G . H . P u rvis, D o th a n , Ala.
(V . 8 8 , p. 685.)
A v era g e m iles o p e r a t e d .
9,273
8,434
8,3 0 5
8,180
G ross ea rn in gs.......... ...$ 9 3 ,6 8 3 ,4 0 7 $ 78 ,044 ,34 7 $ 08 ,375 ,83 7 $ 6 8 ,171 ,20 0
ATLANTA TERMINAL CO.— O w ns u n ion passenger s ta tio n open ed
N e t e a r n in g s ___ $3 4 ,8 1 5 ,5 0 6
$29 ,5 4 6 ,8 2 9 $ 2 2 ,8 5 8 ,4 5 3 $ 2 5 ,949 ,16 8
M ay 14 1905. w ith a p p ro a ch e s, used b y Sou th ern R y . , Cen tral o f G eorgia
T o ta l net I n c o m e $ 3 5 ,568 ,07 4
$ 30 ,893 ,23 0 $23 ,6 7 2 ,3 5 5 $ 2 7 ,197 ,94 2
R y . and A tla n ta A W est P oin t R R .
S to c k . $15 0 ,0 0 0 . ow n e d In equal p r o ­
O F F I C E R S .— A c t 'n g C h airm an o f E x e c . C o m ., W a lk e r D . H ines; E .
p o rtio n s b y the three co m p a n ie s n a m e d , w hleh p a y all charges and e x ­
P. R ip le y , P resid en t; D . L . G a llu p , C o m p .; C. K . C o o p e r, A s s t. T rea s.
penses o n car basts. V . 76, p . 593, 1394; V . 77, p . 699; V . 88, p . 1196.
D ir e c to r s .— Charles Steele, E d w ard J . B crw ln d , Paul M orton , II. R lc ATLANTA & WEST POINT RR — A tla n ta , G a ., t o W est P o in t, Ga..
m an D u v a l, T h o m a s P . F o w le r, W alk er D . H ines, T . D e W itt C u yler, N . Y .;
86 m iles. G eorgia R R . M oh .31 1908 o w n ed $54 7,20 0 Stock and $388,900
J oh n G . M cC u llou gh , V e r m o n t; B . P . C h e n e y , B o s to n ; E d w ard 1’ . R ip le y ,
d e b . c e r t.
A belt line a rou n d A tla n ta , 5 'A m iles. Is op e ra te d at ren tal of
B y ro n L- S m ith , C h ica g o; A n drew C. J o b e s , W ich ita ; H o w e l J o n e s, Charles
$16,000 y e a r ly — 4 % o n Its c o s t . V . 71, p . 963 V . 73, p . 1354.
S. G le e d , T o p e k a ; H. C. P r ic k , P ittsb u rg h .
D I V I D E N D S begu n In 1855 w ere fo r m a n y years 8 % per a n n u m .
From
O F F I C E .— 5 N assau S t ., N . Y . — (V . 8 9 , p . 720 8 3 7 , 85 5 , 917.)
J u ly 1 1884 t o J u ly 1901 Inclu sive, 6 % y e a r ly . J & J; O ct 1 1899. 25 % e x t r a ;
ATLANTA BIRMINGHAM & ATLANTIC RR.— B ru n sw ick , G a ., to 1902 (?); 1903, 6 % ; 1904 to 1908, 6 % y e a r ly ; 1909, J a n ., 3 % ; J u ly , 3 % .
B irm in g h a m , A la ., 448 m ., In clu din g 19 in. t e m p o r a r y tra ck a g e Into B ir­
In 1907-08, gross, $ 1 ,1 5 1 ,7 9 1 ; n e t, $ 23 5,38 6; o th e r In com e. $ 44 ,631 ;
m in g h a m ; S essom s t o W a y c r o s s , G a ., 26 m .; F itzgerald t o T h o m a sv ille ,
ch arges, $16 0 ,6 5 2 ; d lv s ., $ 7 3 ,9 3 2 ; s u r p ., $ 4 5 ,4 3 3 .
(V . 7 1 . p. 963 .)
G a ., 81 m .; M anchester to A tla n ta , 78 m .; P y r lto n to A sh lan d, 7 m .; to ta l,
ATLANTIC CITY RR.— C a m d en t o A tla n tic C ity , 57 m . (d o u b le track
639 m .
(V . 84, p. 1426; V. 80. p . 115.)
bran ch es, W inslow J u n ctio n to C ape M ay. N . J ., 55 m .; W lllla m sto w n , 23
T h e G eorgia T erm in al C o. an d the A la b a m a T erm in al R R ., havin g
m .; G lou cester, 12 m .; Sea Isle C ity , 12 m .; O cean C ity , 10 m .; t o ta l, 168 m .
$ 1 ,5 0 0 ,0 0 0 an d $ 3 ,0 0 0 ,0 0 0 s t o c k , re s p e c tiv e ly , all o w n e d b y the railroad
V . 72, p. 1278. S T O C K , c o m .. $2,6 2 5 ,0 0 0 ; p r e f., $ 1 ,0 0 0 ,0 0 0 (p a r. $ 5 0 ).
c o m p a n y , w ere orga n ized to p r o v id e term inals a t A tla n ta an d B irm in gh am ,
R e a d in g C o . o w n s o v e r 9 9 % o f s to c k , an d guaran tees co n s o l 4s, prin cipa l
r e s p e c tiv e ly ; th e y are leased fo r 99 years fro m J u ly 31 1907, th eir b o n d s
and Interest.
F orm o f g u a r a n ty , V . 75, p . 1398.
O f the la tte r, $ 2,650,000
b e in g g u a ra n teed , prtn. ft ln t ., also 2 14% on s to c k : V . 84, p . 1426: V . 85,
are reserved to retire p rio r lien b o n d s.
See V . 73, p. 81. T h e re are also
p. 1204; V. 8 8 , p . 156, 227.
B ru n sw ick SS . C o. o p era tes betw een N ew
o u ts ta n d in g $23,500 Sea C oast R R . series A 5s an d $2,834 series B 5s
Y o r k an d B ru n sw ick .
V . 87, p . 616.
E A R N I N G S .— 12 m o s .,1 1 9 0 8 -0 9 ........... G ross, $ 1 ,6 2 6 ,0 5 5 ; n e t, $34 6,25 0
R E C E I V E R S H I P .— O n Ja n . 2 1909 receivers w ere a p p o in te d , the Jan .
J u ly 1 to Ju n e 30.
]1 9 0 7 -0 8 _______G ross, 1 ,7 0 0 ,8 0 0 ; n e t, 269,564
1909 co u p o n on th e first 5s o f 1906 be in g d e fa u lte d .
V . 88, p . 99, 156— sec
F or y e a r e n d in g Ju n e 30 1907, gross, $ 1 ,0 2 5 ,8 2 4 : n e t, $ 27 4,36 1; fixed
ta b le a b o v e . T h e receivers are n ow P residen t H . M . A tk in s o n an d S . F.
P a rro tt.
V . 88, p . 821 . See P re s id e n t’s re p o rt o f Jan . 5 1909, w ith o p in ­ charges and ta x e s, $30 4,13 8; ba la n ce, d e ficit, $ 2 9 ,7 7 7 .— (V . 8 2 , p . 750.)
ions o f e x p erts, & c. V . 88, p. 227. $ 3 ,2 5 0 ,0 0 0 2 -y c a r 6 % rece iv e rs' cer
ATLANTIC C O A S T LINE CO — O rga n ized May 29 1880 u nd er
tiftcatcs w ere sold to rep lace 19-m lle tra ck a ge Into B irm in gh a m and bu ild
B essem er b ra n ch , & e. V . 88, p . 1497, 1559; V . 8 9 , p . 4 0 , 102, 223. T h e the laws o f C o n n e cticu t, and ow ns a m a jo r ity o f ca p ita l s to c k and a
c o u p o n s d u e M ay 1909 o n the Joint c o ll, n o te s w ere pu rch a se d b y p riv a te large a m o u n t o f the b o n d s o f the A tla n tic Coast Line R R , b e lo w .
S T O C K .— A s t o certifica tes o f In debtedn ess, see e d ito ria l O c t . 1897, S u p ­
p a rties; th e N o v . 1908 c o u p o n s w ere p aid b y the c o . V . 8 8 , p . 1196.
p lem en t, p. 3; V . 65, p . 564; V. 71, p . 1310. In 1808 $ 5 ,0 0 0 ,0 0 0 s to c k waa
G eneral Com m ittee.— A general c o m m itte e , co n sistin g o f E d w in S. M arston
distribu ted as a 1 00 % d iv id e n d (V . 67. p . 9 5 4 ), and in 1900 $1 0 ,0 0 0 ,0 0 0 4 %
(C h a irm a n ), F rederick A y er, Sam uel Carr a n d J o h n I. W a tc r b u r y . req u ested
certificates o f In debtedness (In cluding $ 2 ,5 0 0 ,0 0 0 o f A tla n tic Coast Line
d e p o s its o f all secu rities a n d unsecured d e b t o f c o m p a n y a n d allied p ro p e r­
(V . 7 1 , p . 607; V . 7 3 , p . 4 9 3 .)
As to
ties, in clu d in g F itzgera ld O cllla ft B ro x to n R R .
T h e co m m itte e w as In R R . C o . ) , as a 1 0 0 % d iv id e n d .
M ay 1909 p rep arin g a reorga n iza tio n plan .
D ep ositaries, M an h a ttan T rust securities p ledged to secu re e q u a lly the certifica tes o f In debtedn ess, see V .
17, p . 1310; V . 83, p. 560.
B a l. sh eet 1909. V . 8 9 , p. 1067.
C o ., N . Y . , an d O ld C o lo n y T ru st C o ., B o s to n .
V . 8 8 , p . 1196.
C A S H D I V S .l ’ 99. ’ 00. ’ 01. ’ 02. ’ 03. ’0 4 . ’ 05. ’ 06. ’ 07. ’ 08.
1909.
C om m ittee lo r F irst 5 s .— A p r o te c tiv e co m m itte e co n sistin g o f S. II. Fes­
sen d en , P h ilip S to c k to n and F. H . F arrar In J a n . 1909 requ ested d ep osits
Per c e n t ____ / 4
5
4M 6 H «
«
0
10
10
8 2 , 2, 2 >4, (— )
Chairman, Henry Walters.— (V. 87, p. 1083; V. 8 9 . p. 1067.)
o f first 5s; C ity T ru s t C o. o f B o s to n , d e p o s ita r y .
V . 8 8 , p. 99. 157, 684.







I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r e x p la n a tio n o f colu m n headings, & c ., see notes
on fir s t page o f tables.
A tl C oa st L R R

(Concl)—

A la b a m a M idland 1st M g (B a ln b t o M o n tg) „ .M
F lo r id a S o 1st M g o l d -----------------------------------------A
S a n fo rd A St P etersb u rg first m tg e g o ld ________ P e P
A s h le y R iv e r first m o r tg a g e _____ _____________________
Sll S p O A G 1st M gold (O ca la to I n v & b r ) . . T a . c *
A tla n tic & D an ville— 1st M $ 4 ,4 2 5 ,0 0 0 g ln t r e n t.M e c*
S econ d m o r tg a g e $1,5 2 5 ,0 0 0 g o ld Interest re n ta l.1 'a
A t l a n t i c & N o r t h C a r o l i n a — S to c k $ 1 ,8 0 0 ,0 0 0 ------------First m o rtg a g e $ 3 2 5 ,0 0 0 ............................................M eBa
A t l a n t i c & St L a w ren ce— S to c k 6 % ren tal G ra n d T r ’ k
A t l a n t i c & W es tern — F irst m tg e $ 3 ,0 0 0 ,0 0 0 g o l d . . I B
A u g u s t a & S av annah— S t o c k 5 % ren tal C en tral o f Ga
A u g u s t a Sou th ern — F irst c o n s o l m tg e g o l d -------C e .x c
A u g u s t a U nion S ta tion — F irst M $25 0,00 0 g o ld — SB
A v o n Q e n e s e o & M t M o r r i s R R — S to c k (see t e x t ) ------B a l d E a g l e V a l l e y — See P e n n s y lv a n ia R R . ------- - - - - ­
B a i t & A n n a p S h o r t L i n e — S e e “ E le c t r lo R a llw a y ’ S ec.
B a l t i m o r e C h e s a p e a k e & A t l a n t i c — 1st M g o l d - . M p . c *
B a l t & C u m b erla n d Val R y — 1st M Interest r e n t a ------B a l t & C u m b erla n d V a l R R — 1st M Interest rental
B & C V R R E x ten — S to c k gu ($2 7 0 ,0 0 0 carries 7 % )
F irst m o r tg a g e Interest r e n ta l-------------------------------Ba
B a l t i m o r e & H a r r i s b u r g R R — M o rtg a g e g o l d . M e B a .c*
F irs t M W est E x t ($ 1 6 ,0 0 0 p m ) g o ld g u a r .M e B a .c *
B a ltim ore & O hio— C o m m o n s to c k $ 1 5 2 ,7 5 0 .0 0 0 --------P r e f s t o c k 4 % n o n -c u m a u th o riz e d $ 6 0 ,0 0 0 ,0 0 0 ------P r io r lien m tg e gold n o t s u b je c t t o c a l l -------M e .c * A i
F irst M gold redeem a t 105 a fte r 1 92 3-------U s c * A i
S ou th w estern D lv 1st M $4 5 ,0 0 0 ,0 0 0 g o l d ___ F .c A * r
P itts Jun e A Mid D lv ($ 2 0 ,0 0 0 ,0 0 0 ) 1st M g .C e .c * A r
P L E A W V S y s r e f g red 100 a fte r 1 9 2 5 .. Un c * A r
N ew Y o r k D l v * T erm first m tg e $ 1 0 ,0 0 0 ,0 0 0 g o l d .
C on v d eb en tu res g old redeem (see t e x t ) ............... .........
B on d s U nderlying F ir s t M ortgage 3 K %
L o a n 1853 e x ten d ed In 1886 g o ld ------------------------------P itts b u rg h A Con 1st M e x te n d e d In 1896 In g o l d ___
C en t O h io $ 2,500,000 c o n 1st M (1st loan) g -M e B a .c
g i n a d d itio n $ 7 ,6 3 5 ,0 5 0 p le d g e d as p.^rt c o lla t. fo r

M ile s
of
R oad

D a te
of
B on d s

174
244
145
4
64
275
275

1888
1895
1894
1877
1888
1900
1904

95
167
10
53
82K

1887

...

1903
1894
1903

—

88
3
5

1894
1879
1879

27
32
15

1881
1886
1888

1,076
1,657
030
384
1,642

1898
1898
1899
1898
1901
1905
1901

_ __
_
.

—
377
144
P itts .

1853
1868
1886
L . E.

S iz e , or
Par
V a lu e
$1,000
1,000
1,000
1,000
1,000
1,000
100
1,000
£ A $100
1,000 A c
100
1,000
1,000 A c
100

L IN E

R R .—

S T O C K .— A tl. C oast L in e o f V a . class A (R ic h . A P e t. c t fs .) t a x -e x e m p t
s to c k w as assum ed as so m u ch o f th e c o m . s t o c k o f th e new c o m p a n y .
In N o v . 1902 $ 5 ,0 0 0 ,0 0 0 co m s to c k w as given In part p a y m e n t o f c o n ­
trollin g Interest In L ou isv ille A N a sh ville s t o c k , $ 8 ,5 0 0 .0 0 0 a d d itio n a l bein g
su b scrib ed fo r a t $125 p e r sh are. In N o v . 1904 $ 7 ,3 3 0 ,0 0 0 c o m . s t o c k was
Issued as a 20 % scrip d iv id e n d .
V . 7 9 , p . 2204; V . 7 5 , p . 1252.
S tock h old ers v o te d M ch. 8 1906 t o Increase th e to ta l a u th o rize d s t o c k to
$60 0 0 0 ,0 0 0 ; o f th e new s to c k (all c o m m o n ). $4,5 5 7 ,6 0 0 w as su b scrib e d for
b y s to c k h o ld e r s at par In M ay 1906, raising th e a m o u n t o f c o m . s t o c k o u ts t a n d ln g t o $ 48 .537.600 (In clu d in g class “ A ” s t o c k ). V . 8 3 , p . 490 , 1295.
T h e p ref. s tock ($ 1 8 ,8 5 0 ,0 0 0 ) w as In 1902 m o s t ly e x ch a n g e d fo r 1 2 5 % In
4 % certificates o f In d eb te d n e ss. V . 7 5 , p . 1252.
D I V I D E N D S ( % ) — '0 0 . ’0 1 . ’0 2 . ’0 3 . ’0 4 . ’0 5 . ’0 6 . '0 7 . 1908. 1909.
6
C om (ln cl. Class “ A " ) . - - 2 K 3 K
5
5 a5
6
B e lo w . 5 H
5
5
5
5
P referred ( M A N )
2K
5
5
5
5
5
a A lso 20 % In c o m . s t o c k sc r ip and 5 % In A t la n t ic C oast L in e C o. 4 %
certifica tes o f In debtedn ess.
V . 81, p . 1558.
In J a n . 1908 3 % w as paid In
A t l a n t i c Const Line R R . 4 % certifica te s o f In d e b te d n e ss; In J u ly , 2 ) ^ %
ca sh : 1909. J a n .. 2 K % : J u ly , 3 % .
B O N D S .— First c o n s o l. 4s o f 1902 ($ 8 0 ,0 0 0 ,0 0 0 a u t h ., lim ite d t o $20 000
p er m ile) are a first lien on 1,017 m iles o f road and a bla n k et lien on 2,927
m . o w n e d , s u b je c t to th e u n d e rly in g b o n d s. Issu ed o r reserved as follow s;
Issu ed for refu n d in g . A c ., (o f w h ich $ 2 ,5 8 0 ,0 0 0 In treasury) — $ 50 ,468 ,45 0
R eserv ed t o ta k e u p u n d e rly in g lien s--------------------------------------------- 28,6 7 3 ,2 5 0
R e s e rv e d for e x ten s ion s , Im p ro v e m e n ts and e q u ip m e n t ----------858 .300
A s t o th e $3 5 ,0 0 0 ,0 0 0 c o lla te ra l tru st 4s o f 1902. see "O r g a n iz a t io n ”
a b o v e . T h e y are s u b je c t t o ca ll at 105 In a m o u n ts n o t less than $10 0 ,0 0 0 .
T h e re w ere o u ts ta n d in g also O c t . 1 1909 $55 ,0 0 0 B ru n sw ick A W estern
In com e b on d s and $16 7,00 0 J a ck s o n v ille A S o u th w e ste rn freigh t ce rtifica te s.
In 1907 Issued $4,500 ,000 4 % e q u ip m e n t tru st b o n d s; also $5,0 0 0 ,0 0 0 5 %
stra igh t 3-y ea r gold n ote s. V . 8 4 , p . 21 9 , 506.
T h e W a sh in g ton A V a n d e m e re 4 ^ s ($ 1 ,5 0 0 ,0 0 0 a u th o r iz e d , o f w h ich
$720,000 ou tsta n d in g ) are gu ar. p . A 1., b y e n d o rs e m e n t. V . 8 4 , p. 1246.
L A T E S T E A R N I N G S .— 119 09 ............ G ross, $ 3 ,6 5 7 ,6 0 3 ; n e t, $673,240
2 m o s ., J u ly 1 to A u g . 3 1 .J 1 9 0 8 .............G ross,
3 ,3 1 7 ,9 1 2 ; n e t,
5 '0 ,0 5 7
190 8-0 9.
190 7-0 8.
1906-07.
G ross r e c e ip ts _________________________ $ 2 6 ,1 4 4 ,0 6 5 $26 ,0 2 9 ,0 5 2 $26 ,771 ,52 8
O p era tin g exp en ses a n d t a x e s ________ 1 8 ,0 6 2 ,8 9 9
2 0 ,0 4 3 ,7 9 4
20,442,027
N e t receip ts fro m t r a ffic ____________ $ 8 , 0 8 1,16 6
$ 5 ,9 8 5 ,2 5 8
$6,329,501
O th er in c o m e .......... ....................................1
2 ,8 9 8 ,7 6 5 /' 1 ,4 6 3 ,3 7 6
837,428
\(5 K ) 1683000 (6)1 836000
D iv id e n d on L . A N . s t o c k ___________ J
T o t a l n et re c e ip ts .................................. $ 1 0 ,979 ,93 1
$ 9 ,1 3 1 ,6 3 4
$9,002,929
$5,022,208
In te r e s t o n b on d ed d e b t . A c _________ $5,1 6 9 ,8 5 8
$ 5 ,359,313
862,766
l n t . on certifica tes o f In d e b t e d n e s s .. 1 1 ,1 8 1 .2 9 3 /
862 .754
H ire o f e q u ip , an d term re n ts _______ /
1
128 ,420
~ ~ 79,830
D iv id e n d on preferred s to c k ( 5 % ) ___
79,8 3 0
7 9 ,830
D iv id e n d o n c o m m o n s t o c k _______ ( 5 K ) 2 .6 6 9 ,5 6 8 (5 K )2 6 6 9 5 4 0 (6 )2 ,9 1 2 ,2 5 6
B a la n ce , su rp lu s..................................... $1,959,211
$31 ,7 7 7
$12 5,86 9
O F F I C E R S .— C h airm an o f B o a rd , H e n ry W a lte rs; P r e s ., T . M . E m erson ;
1st V tc e -P r e s .. A lex a n d e r H a m ilto n : 2d V tc e -P r e s .. C. S. G a d sd e n : 3d V lceP r e s .. J . R . K e n ly ; G en . M g r., W . N . R o y a ll; S e c .. H e rb e rt L . B ord en ;




88

, p. 1312, 1559; V. 89, p. 161, 665.)

%

$2,8 0 0 ,0 0 0
5 g
2 ,4 1 8 ,0 0 0
4 g
275 ,000
4 g
8
33,500
4 92 ,000
4 g
3 ,9 2 5 ,0 0 0
4 g
4 g
1,525,000
1,797,200 S ee te x t
6
325,000
8
5 ,4 8 4 ,0 0 0
5 g
2,000
5
1 ,022.900
400 ,000
5 g
225,000
4 g
225 ,000
3K

600 A c
112,500
4 g
1,000
5S.000
4 g
1 ,000
1 .009.000
4K e
A W . V a . S y s . 4s.
z C ou ps.

O R G A N I Z A T I O N .— O rigin a lly th e A tla n tic C oast L in e o f V a . (ch a n g e o f
n a m e b ein g a u th orized A p ril 23 1900); A p ril 18 1900 a b so rb e d b y c o n s o lid a ­
tio n (per plan V 7 0 , p . 8 4 0 , 893) th e fo llo w in g allied p ro p e rtie s : W ilm in g ­
to n A W eld on R R . , A tla n tic Coast Line railroads o f Sou th C a rolin a and
V irg in ia and N orfolk A C a rolin a R R . T h e F lo rid a Sou th ern and S an ford A
S t. P etersbu rg w ere m erged A p ril 1903, th e $ 4 ,2 4 1 ,0 0 0 F la. S o. 4s and $ 77 5,­
000 S an ford A S t. P etersb u rg 4s b e in g offered th e p riv ile g e o f e x ch a n g e for
90 % In A tla n tic C oast L in e c o n s o l. 4s. V . 76. p . 91 8 , 971 . T h e A tla n tic
Coast L in e C o. (o f C on n .) ow ns $2 4 ,1 5 7 ,0 0 0 c o m . and $ 1 ,009,300 p re f. s t o c k .
S ee th a t c o . a b o v e . V . 7 0 , p . 893; V . 7 1 , p . 1116, 1310; V . 8 3 , p . 560 .
S av an n ah F lo rid a A W e ste rn R y . ( " P la n t S y s te m ” ) , w h ich ow n ed and
c o n tr o lle d 2,235 m iles, w as m erged J u ly 1 1902. V . 7 4 , p . 77 4 , 829.
In O ct. 1002 a cq u ired $ 30 ,600 ,00 0 o f th e $6 0 ,0 0 0 ,0 0 0 L o u isv ille A N a sh ­
v ille R R . s t o c k for $ 1 0 ,0 0 0 ,0 0 0 c a s h , $ 3 5 ,0 0 0 ,0 0 0 In 4 % c o lla t . tr. b o n d s
and $ 5 ,0 0 0 ,0 0 0 s t o c k .
V . 7 5 , p . 733 , 79 2 , 905; V . 7 9 . p . 785 .

Treaa., James F Post.— (V.

R ate

W hen
P a yable

W here P a y a b e , and by
W hom

B on ds— P r in c i­
pal, W h en D u e
Stocks— L a st
D ivid en d

M A N
A
J
J
A
J
J
A
J
J
A
J
J
A
J
J
A
J
J
Sem l-an
A
J
J
M A
S
A
J
J
A
J
J
A I)
J
A
J
J
A
J
J

M e tro p o lita n T r C o , N Y N o v
U nited S tates T r C o , N Y Jan
do
do
Jan
P e o p le ’s B k , C h ast’ n.SC Jan
U nited States T r C o , N Y J u ly
M ercantile T ru s t C o, N Y Ju ly
T ru st Co o f A m e r ic a , N Y July
C heck from C o ’s O ftlce
J u ly
N at M e ch a n ics’ B k , Balt1July
L o n d o n and P ortlan d
Sept
In te rn a tio n a l T r C o , B o st Jan
Savannah. Ga
J u ly
D ec
J P M organ A C o , N Y
Safe D e p A T ru st C o ,B a lt J u ly
E rie R a ilr o a d , N ew Y o r k July

s

S ep
J u ly
J u ly
J u ly
J u ly
N ov
M ay
Sept
S ept
J u ly
J u ly
J u ly
N ov
N ov
Ju n e
M ch

M
1,000
1,2 5 0 ,0 0 0
5 g
500
48,500
6
J
6
100 A c
72 800
J
50
390,600
5 A 7
J
1,000
6
230,000
J
1,000
M
690,000
5 g
240,000
1,000
M
5 g
100 152 ,200 ,80 0 6 In 1909 \1
100 6 0 .0 0 0 ,0 0 0 4 In 1900 M
500 A c 7 4 ,9 9 0 .0 2 5
3K g J
500 A c 7 4 .0 0 7 ,3 7 5
A
4 g
500 A c 4 4,996,000
3K g J
500 A c XO,175,480
3J* g
M
1,000 43,2 6 0 ,0 0 0
4 g
J
See t e x t
4 g
1,000
M
139,000
4 g

(Sea M a p . ) — O perates fro m R ic h m o n d
an d N o rfo lk , V a ., on the n o rth , to F o r t M yers. P o r t T a m p a and R iv e r J e t .,
F la ., on the s o u th , and M o n tg o m e r y , A la ., an d A u g u s ta , G a ., on the w e st,
rea ch in g th e p orts o f N o r fo lk , V a .; W ilm in g t o n , N . C .; C h arleston . S. C .;
S a v an n ah and B ru n s w ick , G a ., and J a c k s o n v ille and P o r t T a m p a . F la .
L in e s ow ned, & c .— (C o n .) — M ile s .
L in es owned and trackage—
M ile s .
P a o la J e t. near S a n fo rd t o St.
R ic h m o n d , V a ., t o P o r t T a m p a ,
P e te rsb u rg , F la _______________ 145
F l a ....................................................... -9 0 6
P a la tk a , F la ., t o B r o o k s v llle .. 145
N o r fo lk , V a ., t o S o u th R o c k y
163
M o u n t ___________________________ 115 M llldale, F ia ., t o P e r r y ________
C on ten tn ea to W ilm in g t o n -----------105 B ra n ch e s, A c ____________________ 1,503
L eased—
W ilm in g to n . N . C ., t o P e o D e e
97 Cen tral R R . o f S o . C a rolin a—
J u n c t i o n _____________ ______ —
40
L a n e t o S u m te r , S . C ________
F lo r e n c e , S. C ., t o A u g u s ta , G a . . l 6 6
13
S u m ter t o C o lu m b ia ------------------------- 43 O th er lin es_______________________
Y a d k in J e t. (W ilm in g to n , N . C.)
T o ta l In e a rn in gs--------------------- 4,463
t o S a n fo r d ------------------------------------116
W a y c r o s s , G a ., t o F o lk s to n , G a . . 34 C losely allied lin es (see e ach c o .) —
J es u p , G a ., to M o n tg o m e r y , A l a . 354 L o u is v ille A N a s h v i ll e --------------- 6,970
B ru n s w ick , G a ., t o A lb a n y -----------169 C h arleston & W estern C a ro lin a . 341
71
D u p o n t J e t. to F o rt M yers, F l a . .3 4 9 N o rth w e ste rn R R . o f S o . C a r . .
A ls o ow n s o n e -s ix th Interest In th e R ic h m o n d -W a s h in g t o n C o.
L eases,
Join tly w ith the L ou isv ille A N ashville R R .. the G eorgia R R . . 571 m iles.
In J u ly 1909 ag reed w ith N o rf. & W e s t , to bu ild jo in t ly W in sto n -S a le m
S o u th b o u n d R R ., W in s to n -S a le m , N . C ., t o W a d e s b o r o , 90 m iles, the tw o
p r o p r ie ta ry c om p a n ies to g u aran tee a n Issue o f first m tg e . 5 0 -ye a r g o ld 4s.
V . 8 9 . p . 161, 598.
A TLA N TIC COAST

Am ount
O utstanding

A
J

M

M

A
B road S t S t a tio n , P h lla
A
J Farm A M ech B a n k , B alt
A
do
do
J
A
J
do
do
A
J
do
do
A N
do
do
A N
do
do
A
S C o ’ s O ff ic e , 2 W a llS t.N Y
,S
do
do
A
do
do
A J3i
A Off
do
do
do
do
A J11
do
do
do
do
A N
A D
do
do
do
do
A
S

1

A O
do
A
J
do
A
do
S
A N .: r e g . ln t. Q .- F .

1028
1 1945
1 1024
1 1915
1 1918
1 1948
1 1948
10 ’09
1 1017
1909
1 1044
61009
1 1924
1 1053
1 1909
1

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

IK
3%

2H
1%

1934
1929
1929
1909
1931
1936
1938
1909 3 %
1909 2 %
1925
1948
1925
1925
1941
1948
1911

O ct 1 1935
do
J u ly 1 1946
do
vSept. 1 1030
do
1 R e g . 1 n t . Q .-J .
1

R Y — (S ee M a p Sou thern R y .) — W e s t N o r ­
folk to D a n v ille V a ., 205 m iles, three b ra n ch e s, 22 m iles; Jam es R iv e r Jet
t o C la re m o n t (3 -lt . g a u g e ), 50 m .; to t a l, 277 m .
L ea sed t o S ou th ern R y .
fro m S e p t. 1 1899 t o J u ly 1 1949 fo r ta x e s , rep airs, m a in te n a n ce and cash
rental s u fficie n t t o c o v e r ln t. c h a rg e s, w ith p r iv ile g e o f renew als fo r term s o f
99 years.
In a d d itio n th e S ou th ern R y . agrees t o p a y th e sa m e rate o f d iv i­
d e n d s o n c o m . s t o c k as p a id on Its o w n c o m . s t o c k . V . 7 1 ,p .4 4 7 ; V . 7 9 , p.625.
A T L A N T IC

&

D A N V IL L E

S T O C K .— C o m ., $ 2 ,1 8 0 ,0 0 0 .
P r e f. shares w ere ca n ce le d p r io r t o J u ly 1
1004. S ec V . 7 1 . p . 181. 862 ; V . 7 3 , p . 7 2 2 , 956; V . 7 9 , p. 625.
B O N D S .— O f th e $4,4 2 5 ,0 0 0 4s o f 1900, $500,000 ca n be Issued o n ly fo r
Im p ro v e m e n ts u p o n requ est o f S outhern R y ., Interest charges t o b e c o v e r e d
b y Increased ren tal. O f th e $ 1 ,5 2 5 ,0 0 0 s e co n d 4s, th e re m a in in g $ 7 5 0,00 0
w ere Issued J u ly 1 1909.
V . 77, p . 195 .— (V . 7 9 . p . 78 5 , 067.)

ATLANTIC & LAKE SUPERIOR R Y — V . 87. p. 740; V. 80. p. 468.
A T L A N T IC
& N O R T H C A R O L I N A R R . — M oreh ead C ity to G o ld s ­
b o r o , N . C ., 95 m iles. S tate o f N orth C a rolin a ow ns $ 1 ,2 6 6 ,5 0 0 o f
$ 1 ,7 9 7 ,2 0 0 s to c k .
L eased fro m S e p t. 1904 t o Jan . 1 1996 t o A tla n tlo A
N orth C arolina C o. (th e lease be in g later transferred t o N o rfo lk A Sou th ern
R y .) fo r Interest on b o n d s, ta x e s, A c ., an d d iv id e n d s at 3 % y e a rly fo r
20 yea rs. Increasing K % ye a rly e v e r y ten years until 5 % Is r ea ch ed :
th ereafter, 6 % ; lessee also agreed t o ex p e n d $ 2 5 0,00 0 b y S e p t. 2 1907
fo r Im p rovem en ts an d e q u ip m e n t. V . 79, p . 967.

D I V I D E N D S .— ’ 93. ’ 0 4 . ’ 9 5 . ’ 96. 0 7 . '0 8 . '0 9 . 190 0-0 4. U n d e r lease.
2
2
2
0
S ee a b o v e .
2
2
0
2
P e r c e n t ____________
P r e s ., F ran k S . G a n n o n .— (V . 8 3 , p 159 0, 1522.)
A TLA N TIC V A L D O STA & W E ST E R N R Y .

-S e e G eorgia S o . A F la . R R .

A U G U S T A & S A V A N N A H RR — M lllen t o A u g u s ta . G a ., 53 m ile s .
In
1805 re leased t o C e n .o f G a. fo r 101 yrs. at 5 % o n s t o c k .— (V . 6 1 , p . 23 9 .)

AUGUSTA SOUTHERN RR.— O w ns fr o m A u gu sta t o T c n n llle , Ga., 82
m iles. T h e S ou th ern R y . In J a n . 1901 a cq u ire d a b o u t fo u r -fifth s o f s t o c k .
V . 73, p . 343 . C o m . s t o c k , $40 0,00 0- p r e f., $ 3 5 0 ,0 0 0 ; p a r , $ 10 0. Y e a r
e n d in g Ju n e 30 1908, g ro s s . $ 16 7,31 8; n e t. $ 2 0 ,9 0 5 ; ch a rge s, $ 28 ,939 ;
b a la n ce , d e fic it, $ 8 ,0 3 4 .— ( V . 8 0 . p . 2 21 9, 245 6.)
AUGUSTA UNION STATION CO.— O w ns u n io n passenger s ta tio n at
A u g u s ta , G a ., used b y all ro a d s e n te rin g th e c it y , th e la tte r u n d e r th eir op­
e ra tin g c o n tr a c t p r o v id in g fo r Interest on th e b o n d s and 4 % d iv id e n d s on
s t o c k . S t o c k , $75,000 ( 5 % paid In ), held e q u a lly b y S ou th ern R y ., A t la n ­
tic C oast L in e R R . and G eorgia R R .
V . 7 8 , p. 2333; V . 7 9 , p . 50 0 .
P res.
T h o s . K . S c o tt; S e c. and T r e a s ., C a rlton H llly e r.— ( V . 8 2 , p . 4 8 .)
AUSTIN & NORTHWESTERN RR.— See H o u s to n A T e x a s C en tral R y.
A V O N Q EN E SE O & M T . M O R R IS R R — M t. M orris t o A v o n , N . Y . , 18
m iles.
Leased to E ric R R . F e b 26 1896 In p e r p e tu ity ; rental (a fte r 1 9 0 1 ),
3 K % on s t o c k .— (S ee V . 63, p. 512; V . 62, p 31 8 , 589 .)
B A I N B R I D G E N O R T H E A S T E R N R R .— V . 86. p . 7 2 0 , 080.
BALD

EAGLE

VALLEY

R R .— M erged

In

P e n n . R R . In 1908.

BALT. & ANNAPOLIS SHORT LINE RR.— See "Electrlo R y. Section.”
B A L T IM O R E C H E S A P E A K E & A T L A N T IC R Y .— O w n s C laiborn e
t o O cea n C ity , M d .. 8 7 .6 6 m .; fro m C la ib orn e t o B a ltim o re , 44 m ., tran sfer
Is m ade b y w a te r; s team er lines o w n e d , 1,134 m .; to u . m ileage ow n ed
and o p e r a te d , 1 , 2 2 1 .66 nr. C on trolled b y P e n n sy lv a n ia R R and allied
lines. V . 69, p. 5 4 1 .5 9 0 ; V . 50, p . 371 . P r e f. s t o c k , $1.500 000 5 % cu rn .;
c o m .. $ 1 ,0 0 0 ,0 0 0 .
D lv . on p r o f.. 2 % M ch . 1 1905 in 1906. Mch
3% ;
O c t ., 2 % ; In 1907, M arch. 3 % : S e p t.. 2 % : In 1908 O c t ., 2 % ; n one since t o
A u g . 21 1909. C laim o f m in o rity s to ck h o ld e rs fo r larger d iv id e n d s , V . 8 7 ;
T h e s to ck h o ld e rs v o t e d o n Ja n . 26 1905 t o a cq u ire a m a jo r it y o f th e s t o c k
o f th e M aryland D elaw are A V irg in ia R y . , e x te n d in g from Q u e e n s tow n ,
M d ., t o L e w e s, D e l., w ith bra n ch e s, a to ta l o f 77 m . , and gu aran tee $ 2 ,0 0 0 ,­
000 o f Its first m tg e . b o n d s . See th a t c o ., V . 8 0 . p. 116, !0 5 8 .
Fiscal year now ends D e c. 31.
In 1908, gross, $98 0,97 5: n e t, $19 8,07 7;
other Income, $10,080 charges and Improvements, * 6 2 ,540: dividends
( 2 % ) , $50 ,0 0 0 ; balance,surplus. $15 ,616 — (V . 84, p. 1302; V. 8 7 . p 2 8 4 .)

BALTIMORE & CUMBERLAND (RR. AND R Y .).— T h e R ailroad e x ­
ten d s from S ta te L in e , M d .. t o W a y n e s b o r o , P a ., 4.5 5 m iles; s t o c k . $ 7 6 ,7 0 0 ,
in $50 shares. T h e R ailw ay e xten d s from E d g e m o n t, M d ., t o S ta te L in e.
P a ., 3 m . s t o c k , $ 42 ,500 , In $100 shares. B o th are leased t o W estern
M aryland R R fo r 50 years from J u ly 1 1879, w ith p riv ile g e o f ren ew al o r
p u rch ase; ren ta l. Interest on b o n d s.
BALTIMORE & CUMBERLAND VALLEY EXTENSION RR.—;Waynesb o ro t o S h lp p e n sb u rg , P a ., 26.52 m iles.
Leased to W estern M arylanu n i l .
fo r 50 years from J u ly 1 1881, w ith p riv ile g e o f re n e w a l, fo r Interest on b on d s
and d iv id e n d on s to c k , a m o u n tin g In all t o $38 ,7 3 0 . See ta b le a b o v e and
V . 7 5 , p . 6 6 5 .— (V 7 5 , p . 665 .)

BALTIMORE & HARRISBURG R R — Emory Grove, Md. to Orrtaima,
P a ., 59 m ., w ith bra n ch e s, 7 ra., to ta l, 65 m . Leases H a lt .& H arrisburg R y .
W estern e x te n s io n , O rrtann a to H tg h fleld , 15 m .. gu a ra n teein g Interest cm
Its b o n d s.
L eased to W estern M aryland R R . fo r 50 years from O c t . 21
1886: ren tal. Interest on b o n d s an d 5 % on p re f. s to c k (all p a id M A N ) .
S t o c k , c o m ., $ 69 0,00 0; p r e f., $ 2 9 .1 0 0 .— (V . 4 4 , p . 812 .)

BALTIMORE & OHIO RR — (See M a p . ) — ROAD.— Operatesifrom Balti­
more to Philadelphia and Baltimore to Chicago, Cincinnati and St. Lovl*.
total mileage leased, owned and operated In July 1 9 0 9 ,4 ,0 0 3 miles. ! Royal
Blue Lino" (see Central RR of N.J.) gives access to New York.




R A IL R O A D S

H

F o r exp la n a tion o f colu m n headings, A c . , see notes
on first page o f tables

I N T E R E S T OR D I V I D E N D S
M ile s D a te
of
of
R oad B on d s

$ iz e . or
Par
V a lu e

A m oun t
O utstanding

R ate

%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B a ltim ore & O h io (Concluded) —
A
P ittsbu rgh Ju n ction 1st M $ 1 ,440,060 g o l d - .M e .c *
J
7 1882
1,000
a95 9,00 0
J O ff Ice. 2 W a ll S t ,N Y
6 g
P itts J u n o 2 nd M $30 0,00 0 g o ld .......... ............M e.c*
A
J
J
7 1894
1,000
a25 0,00 0
do
do
5 g
B on d s U nderlying Pittsburgh L a ke E r ie A IFesL V irgin la 4s
do
do
C lev L o r A W h eel con s M (n ow 1st) g o ld ..U s m .c *
192 1893
1,000
A A O
5 ,0 0 0 ,0 0 0
5 g
A D
G eneral m ortg a g e $1,0 0 0 ,0 0 0 g o ld redeem 1 0 5 . N.c
192 1896
1,000
890,000
J
do
do
5 g
C on s ref M $1 0 ,0 0 0 ,0 0 0 gold red at 1 0 2 )4 - - T a .c *
102 1900
1,000
A
950 ,000
J
do
do
4
v J
1,000
M A N
C levela n d T erm A V a lley 1st M gold g u a r . - M e .c* A r
88 1895
do
do
3 ,3 0 2 ,0 0 0
4 g
F A A
30 1889
1,000
do
do
M on on g a h cla R lv R R 1st M g o ld guar B A O . C e.c*
700 ,000
5 g
72 1900
M A
S
O h io A L ittle K a n R y 1st M $25 0,00 0 red 105 gold
1,000
do
do
228 ,000
5 g
172 1886
1,000
A D
do
do
O h io R iv e r first m o rtg a g e ($ 2 ,0 0 0 ,0 0 0 ) g o ld - F P .c*
J
2 ,000,000
5 g
1,000
209 1887
do
do
G eneral m ortg a g e ($ 3 ,0 0 0 ,0 0 0 ) gold 1st o n 39 m e*
A A O
2,941 ,000
5 g
33 1890
F A A
do
do
R a v Sp A G1 1st M $40 0,00 0 g guar p A l . - F P . c *
1,000
376,000
6 g
11 1892
1,000
A
do
do
H u n tin g to n A B ig S 1st M ($400,000) g g u a r - . c *
303,000
J
J
6 g
77 1882
1,000
441 .000
A A O
do
do
P ittsb u rg h C leveland A T o le d o first m o rtg a g e g o ld .
6 g
30 1878
& D First N at Bit, A lle g h e n y
100 A c
82,100
P ittsbu rgh N ew castle A L E 1st M e x te n d e d In gold
J
4 g
215 1887
A
P ittsb u rg h A W estern 1st co n s M $1 0 ,0 0 0 ,0 0 0 g . . c *
1,000
650,000
J
J J P M organ A C o , N Y
4 g
3 1892
1,000
A
K llw ood S hort L ine first m tg e gold $ 3 0 0 ,0 0 0 — G
300 ,000
J
J C o ’s o ffic e , 2 W all St N Y
• g
5
176 1890
1,000
3 ,9 4 3 ,0 0 0
do
do
W V a A P 1st M gold 5s sca le d ; red at p a r .-A le B a .c *
A A O
4 g
Leased L in e s , A c . , S ecu rities
B a lt A N ew Y ork R R 1st m tg e g o ld g u a r .M e B a .c A r
1,000
50,000
M A N
do
do
5)4 1889
5 g
___ 1895
M on R iv e r C oal M $ 1 ,5 0 0 ,0 0 0 g o ld s t redeem at par
1,000
672,000
J
A I) A m er B o n d in g A T r.B n lt
o g
12 1903
S ch u v lk lll R iv e r E S R R 1st M gold guar p A i e n d .
1,000
5 ,0 0 0 ,0 0 0
A D 518 W a ln u t S t, Ph lla
4 g
J
11 1883
S ta ten Isl R a p T ra n 1st M $ 1 .0 0 0 ,0 0 0 g $ o r £ . U s.c*
1,000
1 ,000,000
A A O 17 S ta te S t, N ew Y o r k
6 g
1905
See te x t
13 1893
S ta ten Island R y first m tge $ 1 ,0 0 0 ,0 0 0 g o ld
Me c*
1,000
511 ,000
A D 17 S tate S t, N ew Y o r k
4 )4 f J
B a ltim ore & P o to m a c — See P h lla B a lt A W a s h in g to n
___ ____
B a n g o r & A r o o s t o o k — S to c k (see t e x t ) ...........................
100
2 .510,000 4 In 1909 S e m l-a n . C heeks m ailed
211 1893
First m o r tg a g e ($ 1 6 ,0 0 0 per m ile) g o ld ------------- ( i . c *
1,000
3 ,3 6 0 ,0 0 0
A
5 g
J G uar T ru st C o , N ew Y o rk
J
211 1895
do
do
1,000
......................... Usm
S econ d m ortg a g e g o l d .................
A
112,000
J
J
5 g
77 1809
do
do
First m o rtg a g e P lseatanuls D lv $ 1 ,5 0 0 ,0 0 0 g - . G . c *
1,000
A A O
1 ,500,000
5 g
33 1899
1,000
do
do
V B u r E x t 1st M $50 0,00 0 g (V 69, p 9 5 2 ) ------ G .c*
A o
500,000
A
5 g
do
do
A r o o s t o o k N orth ern first m tge $22 5,00 0 g o I d - .G .c *
15 Vi 1897
1,000
A ()
225 ,000
A
5 g
J 12 1901
1,000
C on sol refu n d in g m ortg a g e $2 0 ,0 0 0 ,0 0 0 g — O B .c*
6 ,4 5 8 ,0 0 0
A
J B row n B ro s, N Y : A Dost
J
4 g
28 1907
1,000
do
do
■ M e d f o r d E x t 1st M $ 1 ,0 0 0 ,0 0 0 g ( V 8 1 , p 6 9 2 ). U s.c*
1.000,000
M A N
5 g
___ ’ 9 2 - ’ 95
1,000
728 ,000
V a riou s F o u rth N at B k , B o sto n
A r o o s to o k C ou n ty b on d s (a s s u m e d ).........................—
4)4
54 1905
1,000
4 ,6 5 2 ,0 0 0
A A O B row n B ros N Y B os A P li
N orth M aine S eap ort 1st M gu ar p A 1— U s m .c * A r
5 g
9 6 -’ 00
1,000
120,000
A A o G uar T ru st C o ,N e w Y ork
Car trusts Ser B _____________________________________ G
5 g
a " T o t a l Issued” sh ow n in first left h an d c o lu m n , b a lan c e being o w n e d b y B a ltim o re A O h io .

B on d s— P r in c i­
pal, W hen D u e
S tocks— Last
D ivid en d
J u ly 1 1922
J u ly 1 1922
O ct 1 1933
June 1 1936
Jan 1 1930
N o v 1 1995
Feb 1 1919
Mcli 1 1950
Jun e 1 1936
A p r 1 1937
A u g 1 1920
J u ly 1 1922
O ct 1 1922
June 1 1917
J u ly 1 1917
Jan 1 1922
A p r 1 1990
M ay
D ec
Jun e
Jan

1
1
1
1

1939
1945
1925
1913

June 1 1943
J u ly 10 ’ 09 2 %
Jan 1 1943
July 1 1945
Jan 1 1943
Jan 1 1943
O ct 1 1947
July 1 1951
M ay 1 1937
Sept 12-J u ly 15
A pr 1 1935
T o J u ly 1 1 9 1 0

O f w h ich to be Issued o n ly at the rate o f n o t e x ce e d in g $ 1 ,0 0 0 ,­
B A L T I M O R E & O H I O — ( S e e M a p ) — (C oncluded.)—
000 p er y ear fo r the first tw o years and thereafter a t the
T h e system e m b ra ces , s u b je c t to m o rtg a g e s , the fo llo w in g lines:
rate o f n o t e x ce e d in g $500,000 p er y e a r , for the en large­
P r . lien 3 ) 4 % M — ( 1 ,076 m .)M ile s P ittsb u rg h A W e s t e r n ____________ a 2 t
m e n t, b e tte rm e n t o r e x t e n s lo n o r the p rop erties c o v e r e d ..
$ 5 ,0 0 0 000
B a lt, to W h eelin g , B elp re. O ., A c .721 P ltts b . C leveland A T o le d o ___________ 77
O f w h ich In partial e x ch a n g e for old b o n d s __________________
10,5 6 9 ,0 0 0
C u m b . to P ltts b & W . A c -----------355 P ltts b .P a ln e s v . A F a l r p o r t __________ 53
E astern O h io _____________________
17
1st M . 4 % — (581 m iles.)
S old to a s y n d ica te fo r cash req u ire m e n ts____________________
4 ,0 0 0 ,0 0 0
11
B a lt, to P h lla . and b ra n ch e s ---------137 T ru m b u ll A M a h o n in g ___________
O f this Issue $6,1 7 5 ,4 8 0 Is In hands o f the p u b lic and $ 7 ,635,050 pledged
30
C h ic a g o , III., to A k r o n , O ------------- 378 M on cn gah ela R iv e r R R ________
as p art co llateral fo r P itts. L a ke Erie A W est V a . S ystem 4s.
B ran ch es t o F a ir m o n t ,W .V a ., A c . 66 C leve. T erm in al A V a lle y ____________ 92
N o te.— T h e u n d e rlyin g b o n d s still o u tsta n d in g In J u ly 1909 arc In table
C leve L orain A W h eelin g R y .,
South W . D It). 3 ) 4 % M . —
at to p o f p a ge. T h e u n d erlyin g s to ck s still out $21 ,2 2 7 , par va lu e .
W h e e lin g to C le v e la n d , A c ___ a l0 5
B e lp re, 0 . ,v l a C ln d n . to S t.I,. A c 030
(5) Pittsburgh L a ke E rie A W est V irgin ia System m tg e . refu nding 4 % g old
O h io R iv e r R R . L ines—
P ills . J e t 3 M % M — (384 m iles)
bontis (a u th orized a m o u n t 575 000 ,000 ) are a lien on 1,642 m iles, co n sistin g
B e n w o o d to W h e e lin g , A c ___ a265
B ellalre to M idland C ity . O ---------)
o f the O h io R iv e r , C leve. Lorain A W h eelin g P ittsbu rgh A W e s te rn . A c .,
Sha w n ee to S a n d u sk y , O --------------J377 W e s t V irgin ia S hort L ine R R ________ 58 fo rm in g a d ire ct c o n n e c tio n w ith P ittsb u rg h . C levelan d F a lrp o rt Lorain
P ittsbu rgh J u n ction R R --------------7 O h io A L ittle K an aw h a R R --------------- 74 and S a n d u s k y , s u b je c t to un d erlyin g b o n d s ou tsta n d in g thereon (see table
P .L . E . A W . V S ys 4 % A f .(* 1,642m .)
above)
In S ept 1905 $2 9 ,0 6 0 ,9 5 0 ad d ition al u n d erlyin g b o n d s Including
W est V irg in ia A P itts b u r g h .......... 176 T o ta l o f all (a d d in g B a ltim ore
$7,6 3 5 ,0 5 0 P ltts b . Jun e A M iddle D lv . 3 )4 s , w ere held In trust as part se
B elt an d o th e r lin e s ). . .............4,448
c u r lt y . T h e $ 30 ,553 ,00 0 unissued are reserved to retire u n d erlyin g b o n d s .
♦ In clu des 384 m ., also c o v e re d b y P itts . J e t. 1st M . a See this c o m p a n y
V . 86, p . 479. See full statem en t V . 74, p . 266; V . 79, p. 2793; V . 80, p .
1423; V . 86, p . 479; V . 88, p . 451; 685.
H I S T O R Y .— R e ce iv e rs w ere a p p o in te d In F e b . 1896, b u t In 1899 re o r­
ga n ized w ith o u t fo reclos u re , p er plan In V . 66, p . 1235. T h e B . A O . S o u t h ­
(6) T h e 4 % debentures o f 1901 are c o n v e r tib le at the o p tio n o f the holder
w estern w a s reorgan ized per plan In V . 67, p . 688 , the co n s o l, m tg e . o f 1893
in to c o m m o n s to c k at p a r o n 30 d a y s ’ n o tice (see V . 73, p . 1159); th ey m ay
h a v in g been foreclosed : C en t. O h io , A c ., p la n , V . 67, p . 688, 1206, 1356. In
be called fo r p a y m e n t at p a r an d Interest on a n y Interest d a y , In the Inverse
M a y 1906 the holdin gs o f C o n so lid a tio n Coal s to c k w ere s o ld . V . 8 2 ,p . 1039.
o rd e r o f their n u m bers. V . 7 2 , p . 282; V . 7 3 , p . 337 , 1158; V . 7 5 , p. 549.
T h e c o m p a n y received perm ission to take up the S 1 5 ,140,000 C h ic. T e r ­
(7) N ew Y ork D iv isio n and Term inal 1st 4s (a u th orized a m o u n t $ 1 0 ,0 0 0 ,­
m in al T ra n sfer first 4s, w h ich w ere r e d e e m e d M ay 3 1907. O n Ju n e 30
000) are secured b y d e p o sit w ith the trustee o f all the Staten Island R a p id
1909 the c o m p a n y o w n e d 5 8 ,5 0 8 ,1 0 0 o f the $1 7 ,0 0 0 ,0 0 0 C h icago T erm in al
T ran sit refu n din g 4s as Issued ($ 5 ,0 0 0 ,0 0 0 a u t h o r iz e d ), all the $350,000
T ra n sfer p referred s t o c k , an d In O ct. 1909, It w as r e p o r te d , a cq u ire d full
B alt. A N . Y . 1st 5s and the entire s to ck s o f those co m p a n ie s . O f the
s to c k c o n tr o l b y p urchase o f a d d itio n a l preferred and c o m m o n s to c k fro m
b o n d s $5,0 0 0 ,0 0 0 w ere issued o n Jun e 30 1909 bu t held In the tre a su ry , the
t h e C h ica go B u rlin gton A Q u in cy .
V . 8 7 , p. 1663: V . 86, p . 52; V . 84,
b a lan ce b ein g reserved fo r the furth er e q u ip m e n t, d e v e lo p m e n t an d e x t e n ­
p . 8 6 7 , 930 , 1113; V . 85, p . 98, 1209; V . 8 9 , p . 1068.
sion o f the S taten I. p ro p e r tie s . Including B a lt. A N . Y . R y . V . 8 3 . p. 1042.
C ontrol of the C in cin n a ti H am . A D a y to n .— U n d e r the re a d ju stm e n t plan
In N o v . 1907 the B alt. A O h io p u rch ased 2,000 cars from the F a irm on t
Coal C o ., assum ing part o f $1,5 2 9 ,0 0 0 5 % ca r trust b o n d s, due $162,000
o f the C in cin n ati H a m ilto n A D a y to n (V . 88, p . 1436, 149 8 ), the B a ltim ore
y e a r ly to S e p t. 1918.
V . 8 5 , p . 1404.
G rou n d ren t liens June 30 1909,
A O h io In A u gu st 1909 a cq u ire d v irtu a l c o n tro l an d is t o a cqu ire
c o n tr o l on J u ly 1 1916 a t a p rice t o be fixed b y a r b itra to r s , the c o n tro llin g
$ 1 ,2 2 3 ,5 6 4 .
s to c k t o be v ested m ean tim e in three v o t in g tru stees, o n e t o b e th e P resi­
L E A S E D L I N E S .— S ch u y lk ill R iv e r E ast S ide 5 % b o n d s w ere pu rch ased
d en t o f th e B . A O . fo r th e tim e be in g. Certain o f the se cu ritie s o f the
D e c. 1 1903 at 110, per V . 68, p . 40, and $ 5 ,0 0 0 ,0 0 0 new 4s Issued g u a r a n ­
te e d , p . A I.. b y e n d orsem en t. V . 7 7 , p. 1745; g u a r a n ty , V . 8 1 , p . 727.
C. H . A D . are g u a ra n tee d .
V . 8 9 , p . 102, 46 8 .
T h e W est V irgin ia A P ittsbu rgh (see agreem en t In V . 67, p . 1310) has
R E A D I N G C O ., A c .— In 1901 $6 8 ,5 6 5 ,0 0 0 (v irtu a l c o n tr o l) o f the $ 1 4 0 ,­
been o p e ra te d sin ce S ep t 1 1899 u nd er a 99 years* lease, for 4 % on the m tg e .
000 ,0 0 0 R ea d in g C o. s t o c k , co n sistin g o f $12 ,1 3 0 ,0 0 0 first p r e f , $ 2 8 ,530 ,00 0
to be a p p ro p ria te d to p a y m e n t o f b o n d Interest. V . 69 p . 439.
secon d p ref and $ 2 7 ,905 ,00 0 c o m . w as a cq u ir e d , the L a ke Shore A MlchlT h e B. A O . a cq u ire d at 125 $1,9 5 6 ,0 0 0 o f the $ 2,400,000 P ittsb u rgh
gan S ou th ern R y . C o. (V a n d e rb ilt system ) taking a b o u t o n e -h a lf.
In 1904
C leve A T o le d o b o n d s. V . 70. p . 632: V . 76. p. 47.
the B A O. and L . S. A M. S. each so ld $ 3 ,9 5 0 ,0 0 0 o f the c o m m o n . V. 76,
E A R N I N G S — 3 m o s .,119 0 9 .......... .G r o s s , $22 ,2 2 1 ,3 3 7 ; n e t, $ 7 ,9 1 1 ,2 1 0
D loi- V 80 p . 1856.
In 1903 a o n e -s ix th Interest In $6,9 2 4 ,2 0 0 o f the
/ 1908_____ G ross. 19,643,093 ; n e t, 7 ,0 9 9 ,7 9 9
J u ly 1 to S e p t. 30.
$ 1 1 ,0 0 0 ,0 0 0 H o ck in g V a lle y R y . c o m . s to c k w as a cq u ir e d . See th a t c o .
E arnings o f J u ly 1909, based o n 4,003 m iles, entire s y s te m , e x c e p t V a lle y
R R . o f V irgin ia , R a v e n s w o o d S p e n ce r A G le n v ille , O h io A L ittle K a n a w h a ,
P E N N S Y L V A N I A R R . I N T E R E S T .— T h e P e n n sy lv a n ia R R . C o. p u r­
ch a sed a large Interest In 1900-01 and o n Ja n . 1 1909 o w n e d d ir e ctly $ 1 4 ,­ C levelan d T erm in al A V a lle y , C levela n d L orain A W h e e lin g .
A N N U A L R E P O R T .— R e p o rt fo r y e a r e n d in g Ju n e 30 1909 w as In
273 ,600 p ref. and $ 5 ,7 2 5 ,0 0 0 c o m . s to c k : also— th rou gh th e N orth ern Cen
(S ee also e d ito ria l.)
A v e ra g e rate per ton p er n d lc.
tral an d Phlla. B. A W . (each o w n in g o n e -h a lf)— $ 2 ,000,000 p re f. and $ 2 ,­ ’ ’ C h ro n icle ” O ct. 30.
5.81 m ills In 1908-09, again st 5.69 mills In 1907-08; a v e ra g e reven u e train
0 9 7 ,4 0 0 c o m . s to c k , and th rou gh P e n n sy lv a n ia C o. $5,0 0 0 ,u 0 0 pref. and
lo a d , 425 to n s , a gain st 408 In 1907-08.
$13,451 200 c o m . s to c k
V . 7 0 . p . 76: V . 74, p 528; V . 7 8 , p . 1276.
In
Y ear ending J u n e 30— 1908-09.
1907-08.
1906-07.
1905-06.
S e p t. 1906 the P en n . R R . sold a b o u t $32 ,3 3 4 ,2 0 0 c o m . an d $ 7 ,2 0 6 ,4 0 0 p re f.
M iles_____________________
3,9 9 2
3,9 9 2
4,006
4 ,0 3 0
B. A O. s to c k held (a p p r o x im a te ly h alf Its to ta l s to c k h o ld in g s ), th e U nion
F re ig h t _____________ ...$ 5 3 ,8 7 2 ,4 1 6
$ 5 5 ,681 ,78 6 $ 6 4 ,625 ,94 6 $ 6 0 ,002 ,20 4
P a cific system (O regon S h o rt Line) pu rch asin g sam e. V . 8 3 , p . 5 6 2 , 686
P a ssen gers_______________ 12,970,112
13,736,107
14,147,117 13,701,698
1036; V . 8 4 , p 50, 569.
M all, e x p re ss, A c ______
4 ,2 0 0 ,9 9 0
4 ,1 9 0 ,8 8 8
3,4 7 0 ,8 5 9
3 ,6 8 8 ,1 5 3
S T O C K .— A u th orized Issues: C o m m o n , $ 1 5 2 ,7 5 0 ,0 0 0 : p re f. 4 % n o n -c u m .,
$ 6 0 ,0 0 0 ,0 0 0 : o u ts ta n d in g , see table a b o v e .
P re f. s to c k d lv s . are lim ited to
T o ta l gross e a rn in g s . .$ 7 1 ,0 4 3 ,5 1 9 $73 ,608 ,78 1 $ 8 2 ,243 ,02 2 $ 7 7 ,392 ,05 6
4% .
(Sec V . 71, p. 1166, and e d ito ria l, p . 1143; V . 72, p . 1186.)
O p e ra tin g e x p e n s e s ____ 4 7 ,5 5 1 ,9 7 6
54,1 5 0 ,8 7 9
54,880,091
49,515,221
S t o c k h o ld e r s In 1901 su b scrib ed fo r $2 2 ,5 3 7 ,2 0 0 c o m m o n s to ck a t par
(V . 73, p . 1159- V . 74, p. 150, 2 6 6 ), In 1902 fo r $ 4 2 ,3 1 6 ,8 6 0 , a t sam e price
N et ea rn in gs_________ $23 ,491 ,54 3 $19 ,4 5 7 ,9 0 2 $27 ,363 ,83 1 $ 2 7 ,8 7 6 ,8 3 5
(V . 75, p . 549 , 9 8 0 ), a n d In A p ril 1906 fo r $ 27 ,460 ,76 9 a t p a r, raising the
O p cr. in c. (a fte r taxes) .$ 2 0 ,8 9 0 ,1 0 4 $17 ,430 ,60 3
a m o u n t o u ts ta n d in g t o 5 1 5 2 ,1 7 4 ,8 0 0 . V . 82, p . 867 , 927; V . 8 3 , p . 49 1 , 1042,
5,2 6 8 ,9 7 5 ) N o com p a riso n posslO th er I n c o m e ...............
4,6 8 5 ,1 3 9
--------------------b le , o w in g to ch anges
F I N A N C E S .— In F e b . 1909 so ld $13 ,1 0 0 ,0 0 0 P itts. L . E . A W e s t V a .
In a cco u n tin g .
T o ta l n et In c o m e ____ $25 ,575 ,24 3 $ 2 2 ,699 ,57 8 J
d lv . 4s.
In A u g . 1909 ordered 27,2 5 0 ton s o f steel rails an d cars co stin g
In te re st, ren ts, A c -------- $12 ,554 ,27 8 $1 2 ,2 6 4 ,2 3 4
a b o u t $ 6 ,5 0 0 ,0 0 0 . V . 86, p . 1528; V . 87, p . 36; V . 88, p . 451; V . 89, p . 410.
278,556
MIsc. im p ro v e m e n ts , A c .
547,984
D I V I D E N D S . 1900. 1901. 1902 1903. 1904. 1905. ’ 0 6 . ’ 0 7 . ’ 08. 190 9.
2 ,4 0 0 ,0 0 0
2,4 0 0 ,0 0 0
2,4 0 0 ,0 0 0
D lvs. on p re f. stk . (4 % )
2,4 0 0 ,0 0 0
C om m o n ( % ) ____
2
4
4
4
4
4 )4
5 )4
6 6
9
D ivs. on c o m . s t o c k ____ (6 )9 ,1 3 0 ,5 5 0 (6 )9 ,1 3 0 ,5 5 0 (6) 9,1 3 0 ,5 5 0 (5 H ) 6851471
P referred ( % ) - - 4
4
4
4
4
4
4
4 4
4
B a la n ce , su r. o r d e f _ . S .$ 9 1 2 ,4 3 2 D .$ l ,373,762 S .$ 2 ,915 ,440 S .$ 5 ,8 12 ,830
B O N D S .— (1) P r io r L ien 3 ) 4 % , a first lien o n m ain line an d b r a n c h e s ,
P a rk ersbu rg bra n ch -nd P ittsb u rg h d iv is io n , a b o u t 1,076 m iles o f first track
♦Surplus differs from th a t show n In p a m p h le t re p o rt, ow in g to m eth od
and 1.325 m iles o f secon d third and fou rth tracks an d sid in gs, an d also all o f ch argin g c o m m o n s to c k d iv id e n d , ur fo tn being used for s im p lic ity .
the e q u ip m e n t n ow ow n ed o f the v alu e o f u pw ards o f $ 2 0 ,0 0 0 ,0 0 0 , o r here­
E x e cu tiv e C o m m itte e — O scar G M u rray. C h airm an; G. F R a n d o lp h ,
a fte r a cq u ir e d . T o ta l a u th o riz e d . $ 7 5 ,0 0 0 ,0 0 0 . See a p p lic a tio n to list,
J. It. F o a rd , R o b e r t S. L o v e t t , K. R . B a co n , N . B. R e a m and Sam uel R ea ;
V . 69. p . 30; V . 7 8 , p. 1906; V . 86, p . 1528; V . 86. p. 36.
P res., O scar G . M urray: 1st V ic e -P r e s ., G eo. F . R a n d o lp h ; S e c ., C. W . W o o lfo rd ; T re a s ., J . V . M cN eal.
(2) F irst M ortgage 4 % Gold B on d s, D u e J u lv 1 1948 but subject to call,
D irectors— It. Brent K sy se r. John P. G reen. Sam uel R ea Joseph R .
In whole or In part, after July 1 1923, at 105; a first Hen on the Philadelphia,
F o a rd , G e o . F . R a n d o lp h , Jam es S p e y e r, R o b e r t S. L o v e t t , N orm an B .
Chicago and Akron divisions and branches and the Fairmont Morgantown A
R e a m , Jam es S tillm a n , E d w ard R . B a co n . Joseph W o o d . L. F . L oree.
Pittsburgh R R ., covering about 581 miles of first track and about 573 miles
N ew Y o r k o ffic e , 2 W all S tr e e t.— (V . 8 9 , p . 102, 410 , 468, 992.)
of second third and fourth tracks and sidings; also on the B. A O. Terminal
property and the Baltimore Belt R R . They are also a lien, subject to prior
B A N G O R & A R O O S T O O K R R . — (S ee M a p .) — O ld to w n , M e ., n o rth erly
lien mtge , upon main line,Ac. Seeapp . to list, V . 69, p. 30; V . 79. p 211.
to V an B u ren , w ith branches: to ta l, 514.6 m iles, viz.
Total authorized (Incl. $49 ,9 7 5 ,0 0 0 Issued at reorganization)..$ 1 6 5 ,0 0 0 ,0 0 0
L in es owned—
M iles L in es Leased—
M ile s .
75,000,000
O f which reserved to retire prior lien bonds In 1925_________
O ld tow n to V a n B u r e n ................... 221 N orthern M aine S e a p o rt, L a.
7
Issued and issuable for betterment or extension of the prop­
A sh lan d J e t. to F o rt K e n t . . . . 94.9
O range to S e a r s p o r t---------------5‘» J
erties covered by mortgages (1) and ( 2 ) , or for extensions,
Milo Jet. to G re e n v ille-------------------- 48.8S p u r s ...................................................
' •«
additions or equipment; at not exceeding $ 1 ,5 0 0 ,0 0 0 a
South L agrange to P a c k a r d s .. 28
year for the first four years and at not exceeding $1,000,000
T. o ta l Jun e 30 190 8. ............ 514.6
B r a n c h e s _________________
..59.5
. . . ............... .
a year thereafter, originally_____ ___________________________
27,000.000
N orth ern R y . o f M aine w as In co rp o ra te d w ith $ 5 1 0,00 0 s to c k to build
a b o u t 80 m iles, c o n n e c tin g Van B u ren , F t. K e n t and S t. Fran cis, w h ich a rc
(3) Southw estern D ivision ls< M ortgage 3 )4 s. Virtually a first
to be o p e n e d b y D e c. 1909; o th e r e x te n sio n s agg re g a tin g 35 m iles have
lien upon the properties constituting the B. A O. South­
been a u th o r iz e d .
V . 85, p . 920; V . 89, p . 161.
western R R . system , or the securities representing the sam e,
covering about 930 miles of first track and about 401 miles
O R G A N I Z A T I O N .— O rganized F eb 13 1801. S ta te o f M aine refu n ds
of second track and sidings.
All Issue ! . . ........ ................ ............
45.000,000
9 5 % o f all taxes levied .
F or o rgan ization see V . 0 6 , p. 855 . O w ns entire
stock o f and leases for 999 years N orth ern M aine S e a p o rt R R ., w h ich in
(4) B . A O ., P itts. J et. A M id . D lv. 3 )4 s . Expected to be ulti­
N o v . 1005 o p e n e d exte n sio n from La G ra n ge. M e ., to S ea rsp ort, on P e n o b ­
mately a first lien upon the railroads of the Central Ohio sys­
tem and Pitts. Jet. l i l t . C o., 385 miles In all. T o ta l_______
2 0 ,000,030
s c o t B a y , 54 m iles. V . 8 1 , p. 1549; V . 8 4 , p. 693.







R A IL R O A D S
F o r explanation of column headings, & c ., see notes
on first page of tables
B a n c o r & A r o o s (C on .) Car trusts Ser C g gu - P c P .c *
C ar tru sts Ser D g gu ar $ 45 ,000 d u e s -a ______P e .P c *
B a n g o r & P o r tla n d — First m o r tg a g e g o l d .......... - ...........
B a th & H a m m o n d s p o r t— 1st m o r tg a g e ........................... ..
S e c o n d m o r tg a g e ......................................................................
B ea ver & E U w ood— First m o rtg a g e g o ld .................... .......
B eech C reek— S to ck (gu aran teed 4 % b y e n d orsem en t)
First m o r tg a g e g old guar p & 1 (en d orsed ) - - K .c A r
S e c o n d M tor $ 1 ,0 0 0 ,0 0 0 g guar p & 1 ( e n d ) . U n . c A r
C learfield B ltu m C oal 1st M lnt guar b y Bh Cr g ___ c
B eech C reek E x ten — Is M $ 4 ,5 0 0 ,0 0 0 g guar p A 1 G .c*
B eech Creek c on s ol m tg e $ 2 0 ,0 0 0 ,0 0 0 g o l d , . Q .c* Ar
B ellin gh a m B a v & Brit C ol— 1st M $ 1 ,0 0 0 ,0 0 0 g o ld s f
B elt Line R y o f M o n tg o m e r y — 1st M la w fu l m o n e y . , c
B elt R R & S tock Y ard o f In d ia n a p o lis— S t o c k ...............
P referred s to c k c u m u la t iv e _________ _________________
F irst m o rtg a g e fo r $ 1 .0 0 0 ,0 0 0 c u r r e n c y _____________
N ew m o r tg a g e , $ 1 ,0 0 0 ,0 0 0 g o l d ................................ ..
B elt R y o f C h a tta n o o g a — First m tg e g o ld — M e B a .c*
B elvid ere D elaw are— S to c k $ 4 .0 0 0 ,0 0 0 )...........................
C o n s o lid a t e gu a ra n teed b y U n ite d C o ’ s sin k in g f d . . r
m o r tg a g e Igu a ra n teed b y U n ite d C o ’ s sin k in g f d - . r
o f 1875
Issue $ 60 0,00 0 re d u c e d b y sin k in g f d - . r
$4,000,0001 g u a ra n teed b y U n ite d C o ’ s sin k in g f d .c *
B essem er & Lake Erie— E rie e q u ip m e n t t r u s t________
L o c o m o t iv e e q u ip m e n t tr u s t--------------------------------------S ta n d a rd e q u ip m e n t tr u s t........................................... —
B essem er e q u ip m e n t tru st, d u e $ 11 0,00 0 y e a r l y .. ..
B irm in g h a m B elt— See St L o u is & San F ra n cisco
B irm in g h a m T erm in a l— 1st M $ 3 ,0 0 0 ,0 0 0 g o ld g u a r ..
B io o m s b u r g A Sullivan R R — First M $ 4 0 0 ,0 0 0 ------ FP
S e c o n d m ortg a g e In com e n o n -cu m $ 2 0 0 ,0 0 0 ____ F P
B oca & L o y a lto n — First M $ 67 5,00 0 gold call 1 1 0 . .c *
B o o n v ille St L & S outh R y — 1st M g o ld $ 1 ,0 0 0 ,0 0 0 _c*
B o s to n & A lb a n y — S to c k ($ 3 0 ,0 0 0 ,0 0 0 a u t h o r iz e d )___
B on d s (n ot m ortg a g e) gu a ra n teed p rln & ln t_______ c
B o n d s (n o t m ortg a g e) $ 5 ,0 0 0 ,0 0 0 .....................................
B o n d s $2 ,5 0 0 ,0 0 0 c u rre n cy ............... .................................
B o n d s (n o t m tg e $ 7 ,0 0 0 ,0 0 0 , c u r r e n c y , g u , p . A I .

M iles
of
Road

Size, or
Par
Am ount
Value Outstanding
$ 1 ,000
1,000
100 * c
1,000

10

1,000

10
3
165
165
165

50

1,000
1,000
100 & c
,000 A c
.000 A c
1,000

*59

All

1,000
50
50

1881
1909
1895

1,000

1885
1887
1893
1903
1902
1903
1905
1907

1,000
1,000

1907
1898
1898
1903
1881

1,000
100 A c
100 A c
1,000
1,000
100
1,000
1,000
1,000

1,000
50

30
30
56
44
302

1902
1893
1901
1908

1,000

1,000
1,000
1,000

1,000
1,000

l.o ool

S T O C K .— $ 2 ,5 1 0 ,0 0 0 , b e in g Increased fro m $ 1 ,5 5 0 ,0 0 0 In Ju n e 1907 t o
a cq u ire s to c k s o f N orth ern M aine S e a p o rt an d S c h o o d lc S te a m R R s ., e tc .
25,100 shares full p a id . V . 8 4 , p , 1519.
D I V I D E N D S .— 1 X % s e m i-a n n u a lly , J a n . 1004 t o J a n . 1905 b o t h In­
clu siv e: J u ly , 2 % : 190 6, 4% : 1907 to 1909, 4 % ( s .a .).
B O N D S .— P Isca t. D lv . 5s, see V . 6 7 , p . 1159; V . 6 8 , p . 8 4 , 329 . O f th e
c o n s o l, r e f. g old 4s, $ 1 2 ,5 0 0 ,0 0 0 w e re re se rv e d t o p a y o£T th e o u tsta n d in g
b o n d s . Inclu din g those o f c o n tr o lle d road s ca r trusts an d p re f. s to c k and
to a cq u ire such co n tr o lle d ro a d s; $ 3 ,000,000 for Im p rovem en ts o v e r a series
o f yea rs a n d $ 4 ,5 0 0 ,0 0 0 for ex te n sio n s at $25,000 per m ile . Inclu din g e q u ip ­
m e n t. V . 7 3 , p . 286 , 896; V . 74. p . 93. T h e N orth ern M aine S ea p ort b o n d s,
o f w h ich $4 ,5 6 2 ,0 0 0 Issued ($ 5 ,0 0 0 ,0 0 0 au th o rize d ) are g u a ra n te e d . V . 81,
p. 265; V . 8 2 , p . 392; V . 8 4 , p 3 9 1 ,6 9 2 ; fo rm o f g u a r a n ty , V . 81, p . 727.
L A T E S T E A R N I N G S .— 11909 ............ . . G r o s s , $44 5,13 5; n e t, $177,321
103,642
2 m o s ., J u ly 1 t o A u g 3 1 .J 1 9 0 8 . .............G ross, 3 7 6 ,6 8 7 ; n et,
S u rp lu s a fte r ch arges In 2 m o s . o f 1909, $ 3 8 ,5 2 0 ; d e f. $ 3 7 ,4 6 0 .
A N N U A L R E P O R T .— R e p o r t f o r y e a r en d in g Ju n e 30 1908 w as In
V . 8 7 , p . 1157.
In 190 8-0 9, gross, $ 2 ,9 1 6 ,8 1 5 ; n e t, $ 1 ,1 2 7 ,6 4 9 ; ch arges,
$ 9 8 4 ,1 7 5 ; d iv id e n d s ( 4 % ) , $ 10 0,40 0; b a l., s u r ., $ 4 3 ,0 7 5 . In 1907-08,
gross, $ 2 ,8 4 4 ,0 8 2 ; n e t, $ 1 ,0 4 4 ,2 6 1 . D ir e c to rs , O c t. 190 8, V . 8 7 , p . 1088.
— ( V . 8 9 , p . 161, 347 .)
B A N G O R & P O R T L A N D R Y . — (.See M a p D el. L ack. A W e s t.)— P o r tla n d
to B a th , P a .. 20 m iles; N azareth Jet to M artin ’ s C reek, 5 m .; o th e r bran ch es
5 m .; t o t a l, 39 m
S t o c k . $ 51 0,00 0, all a cq u ire d In 1900 b y D el. L a ck . A
W e s t. R R
D iv id en d 1900, 6 % ; 1901 5 % - 1902. 4 % : 1903 7 % ; 1904, 8 % ;
1905, 1 5 % ; 1906 a n d 1907, 2 0 % : 1908, 1 8 % .
F o r c a l. y e a r 1908, gross,
$31 1,18 1; n et o v e r ta x es , $14 8,99 1; o th e r In co m e , $996; c h a r g e s ,^$40,076;
d lv . ( 1 8 % ) , $91 ,800 ; b a l., s u r ., $18 ,1 1 1 .
B A T H & H A M M O N D S P O R T R R — B a th . N . Y . , to H a m m o n d s p o r t. N.
Y . , 10 m iles . C on trol a c q u ir e d b y E rie R R . In 190 8. S t o c k , $ 10 0,00 0.
Y e a r e n d in g Ju n e 30 1 90 9, gross, $41 ,923 ; n e t, ln cl. o th e r In co m e , $17 ,793 ;
l n t ., t a x e s , A c ., $19 ,484 ; b a l., d e f ., $ 1 ,6 9 1 .— ( V . 7 9 , p . 1954.)

$630,000
675 .000
3 20 .000

100.000
200,000

150 .000
6 , 0 00 ,000
5 .0 0 0 .
1 . 000 .
72 1 ,5 0 0
3 .5 0 0 .0 0 0
3 .9 6 4 .0 0 0
6 59 .000

IN T E R E S T OR D IV ID E N D S
Rate
%
5 g
5 g

Is
5

V

When
Payable
J
A
J
J
A
J

&
A
&
&
&
A

D
O
.1
D
O
D

Q— J

Where Payable, and by
Whom
B ro w n B ros, N Y A B ost
do
do
90 W est S t. N ew Y o r k
50 C h urch S t, N Y
do
do
G u a ra n ty T r u s t C o , N Y
G rand C en t S ta tio n , N Y
do
do
do
do
K n ic k e r b o c k e r T r u s t ,N Y
G rand Cent S ta tio n , N Y
do
do
U S M A T r C o, N Y : A S F
M e tro p o lita n T r C o , N Y
C o ’ s o ffic e , In d ia n a p o lis
do
do
W H N e w b o ld s , P h lladel

T o Ju n e 1 1 9 1 6
To Apr
11917
1930-1936
Jun e 1 1919
O ct 1 1923
J u ly 1 1919
O ct 1 1909 1 %
J u ly 1 1936
J u ly 1 1936
Jan 1 1940
A p r 1 1951
A p r 1 1955
D eo 1 1932
Jan 1 1910
J u ly 1 1909 3 %
O ct 1 1909 I X
Apr 3 0 1 911
1939
J u ly 1 1945
F eb 8 ’ 09 1 0 %
S ept 1 1925
F e b 1 1927
Jan 1 1933
Jan 1 1943
M ch 1 1922
M ch 1 1913
A p r 1 1925
M ch 1918-1927

E q u lt’ l T r C o , N ew Y ork
F I T A S D C o . P h lla
R e g B lo o m s b u rg , w h earn
U SM ATr.N Y; ASF
A m e r E x ch B a n k , N Y
O ffic e , T e rm S ta t’ n, B ost
do
do
O ffic e , T e rm S t a t ’ n. B ost
do
do
do
do

M ch
Jan
Jan
Apr
Aug
S ep t
Apr
O ct
Jan
M ay

J
A
J
J
A
J
J
A
J
A O
g A
A
A O
4 g
J
A D
200.000
J
A J
1 , 000,000 6 In 1909 J
A J
5 00 .000
6
Q— J
1 , 000,000
6
M A N
See t e x t .
4 g
300 .000
5
J
A
J M ercantile T r A D ep.B alt
] ,253,000 10 In '0 9 Y e a rly B ro a d St S ta tio n , P h lla
5 00 .000
4
M A S
do
do
4
74 9 .0 0 0
F A A
do
do
500 .000
4
J
A
J
do
do
973 .000
A
J
d o an d B k C o m ,N Y
3X g J
1 220.000
5
M A
S H om e T r C o, H ob ok , N J
150.000
5
M A S
do
do
1 ,0 6 0 ,0 0 0
5
A A O
do
do
1 , 100,000
5
do
do
M A S
000 g
4
000 g
5
4 g

S'

.

1 .5 0 0 .0 0 0
4 g
358 ,100
5
199,600
5
524 .000
ft
400 .000
0 g
2 5 ,000,000 See t e x t
3 .8 5 8 .0 0 0
3X
3 .6 2 7 .0 0 0
4
1 , 0 00 .000
3X
7 ,0 0 0 .0 0 0

6

M A S
J
A
J
J
A
J
A A O
F A A
Q— M
A A O
A A O
J
A
J
\r a
n

Bonds — P rin ci­
pal, When Due
Stocks— Last
Dividend

1 1957
1 1928
1 1928
1 1923
11911
30 1909 2
1 1952
1 1913
1 1951
1 1933

B E N N I N G T O N & R U T L A N D R Y — See R u tla n d R R . — (V . 7 0 , p . 685 .)
B E R K S H I R E R R . — S ta te L in e . Conn , to M a s s — N . Y . S ta te L in e
23 m iles; V a n d e u s e n v llle . M ass., to P ittsfie ld , 22 m iles; to t a l, 45 m iles. A
c o n s o lid a tio n In 1905 w ith S to c k b r ld g e A P ittsfield an d W e s t S to c k b r ld g e
RR.
V . 8 0 , p. 2219
Leased A p ril 1 1893 for 99 years to N . Y . N H . A
H . R R . fo r e x p e n s e s , ta xes an d 6 % o n s t o c k , paid Q -J 15 at H o u s a to n lo
N ation a l B a n k , S to c k b r ld g e , M ass. S to c k $ 1 ,0 7 8 ,7 0 0 .— ( V . 8 0 , p . 2 2 1 9 .)
B E S S E M E R & L A K E E R I E R R — Leases P itts b u rg h B essem er A L ake
E rie R R . . B essem er, near P itts b u r g h . P a ., t o C on n ea u t H a r b o r . L a k e E rie,
A c . , w ith b ra n ch e s, a to ta l o f 209 m ile s, fo r 999 yea rs from A p ril 1 1901;
ow n s 9 m iles; to t a l, 218 m iles. V . 7 2 , p. 137. A u th o riz e d t o o p e r a te a
ra ilro a d fro m a p o in t o f c o n n e c tio n w ith the P itts b u rg h Bessem er A Lake
Erie a t o r near K rem ls S ta tio n , P a ., t o a p o in t o n the J a m e sto w n A F ran klin
R R . near Salem S ta tio n , P a . S to c k , a u th o r iz e d , $ 5 0 0 ,0 0 0 . C o n tro lle d b y
the C arnegie C o . an d so b y U . S. S teel C o rp o ra tio n .
G u a ra n ty o f M a rq u ette
A B essem er D o ck A N a v ig a tio n b o n d s . V . 7 7 , p . 1228; V 7 6 . p . 1358;
V . 8 2 . p . 160.— (V . 8 2 , p . 160.)
B I R M I N G H A M & A T L A N T I C R R — T a lla d e g a to C oal C it y , A l a ., 31
m iles; bra n ch e s, R o g a n s to ore b e d s , 9 m ile s, an d F u rn a ce t o vV elslngers,
3 m iles; to t a l, 43 m iles. S t o c k , $ 1 ,0 0 0 ,0 0 0 , all c o m m o n ; p ar o f sh ares,
$10 0.
B o n d s, $50 0,00 0 4 0 -y e a r first 6s d u e N o v . 1 1931 ($ 1 ,0 0 0 e a c h );
Interest, p a y a b le M A N , In d e fa u lt.
Y e a r e n d in g Jun e 30 1 9 0 8 , g ro s s ,
$32 ,5 7 1 ; n et In co m e , $ 6 ,4 4 9 : ta x e s, A c ., $ 2 ,7 6 1 ; b o n d In terest, n o t p a id
P re s., S id n e y H . M arch : S e c . A T r e a s ., J o h n C arlsen, 25 B ro a d S t ., N . Y .
B IR M IN G H A M
T E R M I N A L C O — H as un d er co n s tr u c tio n passen ger
term inals a t B irm in g h a m . A la .
S to c k all o w n e d b y th e Illin o is C en tral.
S o u th ern R y .. S e a b o a rd A ir L in e, C entral o f G e o rgia , S t. L ou is A San F r a n ­
c is c o an d A la b a m a G rea t S o u th e rn , w h ich Join tly gu a ra n te e the b o n d s.
O f the b o n d s ($ 3 ,0 0 0 ,0 0 0 a u th orized ) $ 1 ,5 0 0 ,0 0 0 are reserved fo r a d d itio n a l
p ro p e rtie s . V . 83, p. 1227; V . 8 5 , p . 4 0 4 .— (V . 8 5 , p . 404 .)
B L O O M S B U R G & S U L L I V A N R R . — O w ns B lo o m s b u rg t o J a m iso n C it y ,
P a ., 30 m iles.
S to c k Is $6 0 0 ,0 0 0 ; p a r. $50.
V . 66, p. 8 0 ,9 5 2 .
Year
e n d in g Ju n e 30 190 8. g ro s s . * 1 0 4 ,4 4 7 ; n e t, $46 ,9 5 0 ; o th e r In co m e , $ 3 ,3 7 7 ;
In terest, t a x e s , A c . . * 3 5 ,8 8 7 ; b a la n c e , surplus $ 1 4 ,4 4 0 .— ( V . 6 6 , p 8 0 , 9 5 2 .)
B E A V E R & E L V V O O D R R . — E llw o o d J e t. t o H azen C oal M ine P a ., 3 m .
L eased t o P itts . A L E rie R R . fo r 20 years fro m M ay 1 1899; rental bein g
B O C A & L O Y A L T O N R R , — O w ns from B o c a , on C en tral P a cific m ain
4 0 % o f gross earns; rental In 1907, $ 1 7 ,0 3 3 ; a d m ’ n e x p e n s e s , $576; ln t. on
lin e , n orth w esterly v ia L o y a lto n to B e ck w ith . 40 m iles; 6 m iles a d d itio n a l
b o n d s, $ 6 ,0 0 0 ; d iv id e n d s ( 6 % ) , $ 9 ,0 0 0 ; b a l., s u r ., $ 1 ,4 5 7 . S t o c k , $ 1 5 0 ,­ m ain line an d 10 m iles o f bran ch es; to t a l, 56 m iles. T h e D e n . A R io G r.
000 ; p a r, $100.
Ju n e 30 1908 o w n e d 5 1 % o f s t o c k .
S to c k , $ 1 ,2 0 0 ,0 0 0 ; p ar o f shares, $15.
B o n d s c o v e r also R o b e r t s L u m b er
B E E C H C R E E K R R . — (.See M a p s N . V . Central A H udson R iver R R .)—
C o .’s p r o p e r ty c o m p risin g 52 769 acres o f pin e lan d s, w a te r-w o rk s , A o .
R O A D .— Jersey S h ore, P a ., t o M a h a ffe y, 112 m .; bran ch es to P h lllp sb u rg ,
M ercantile T ru st C o. o f San F ran cisco Is m o rtg a g e trustee. T h e y are s u b ­
to m in es, A c .. 53 m iles; to t a l, 165 m iles.
je c t t o call fo r sin k in g fu n d a t 110 a n d In terest. V . 76, p . 1191. F o r y ea r
L E A S E , A c .— F rom O ct. 1 1890 leased to th e N . Y . C en t. A H u d . R iv e r
R R . fo r 999 yea rs at Interest o n b o n d s an d 4 % o n s t o c k , an d since M ay 1 e n d in g Ju n e 30 1909, gross, $ 20 1,64 5; n e t, $98 ,2 7 0 ; ch a rges, $ 8 0 ,0 0 2 ; bal.,’
s u r ., $ 1 8 ,2 6 8 .— (V . 8 1 , p . 667.)
1899 o p e r a te d d ir e ctly as a p a rt o f Its P e n n sy lv a n ia d iv isio n .
V . 68, p . 872 .
Carries m o s tly coa l an d c o k e . See g u a r a n ty . V . 52. p 570 . q’ he b on d s are
B O O N V I L L E S T . L O U I S & S O U T H E R N R Y . - B o o n v i l l e t o V ersa illes,
M o ., 44 m iles.
In J u ly 1909 a n e x te n s io n o f lease t o M o . P a c . h a d been
en d orsed w ith N ew Y o r k C entral s g u a r a n ty o f p rin cip a l an d Interest.
a rra n ge d fo r 99 yea rs fro m J u ly 1 1910 a t ann u al ren tal o f $ 2 5 ,0 0 0 , ta x e s ,
See V 52 p . 5 7 0 .— (V . 7 5 . 1398 )
e x p e n se s, A c .; also a new issue o f $ 40 0,00 0 o f 9 9 -y e a r b o n d s b e a rin g a low os
B E E C H C R E E K E X T E N S I O N R R . — (S ee M a n s N . Y . c . n t. & H ud. R lv .)
— C learfield , P a ., to K e a tin g , 5 2 .1 4 ; C u rry t o C u rw on svllle, 15.77 m .; H a r ­ rate o f Interest to r e fu n d th e o ld 6s due A u g . 1 1911. V . 8 9 , p . 2 8 4 . S t o c k ,
$25 0,00 0; p a r o f sh a res, $ 12 5.— ( V . 8 9 , p . 284.)
m o n t o I r v o n a , 26.7 6 m .; M ah affey t o A r c a d ia , 12.95 m .; bra n ch e s, 19.88 m .;
B O S T O N & A L B A N Y R R — O w ns from B o s to n , M ass., t o A lb a n y , N . Y .
t o t a l, 127 .5 m iles.
A lo w -g r a d e c o a l line leased t o N ew Y o r k C en tral
200 m iles; b ra n ch e s, 104 m iles; leased lines, 88 m iles; to t a l, 392 m iles.
A H u d s o n R iv e r R a ilr o a d (w h ich ow n s th e e n tire $ 5 ,1 7 9 ,0 0 0 s to c k )
Leased In 1900 for 99 years t o th e N ew Y o r k C entral A H u dson R iv e r R R .
for 999 years rroin June 1 1905. b o n d s being g u a ra n te e d , prln A ln t. O f the
fo r gu aran teed rental o f 8 % per an n u m o n the * 2 5 ,0 0 0 ,0 0 0 s t o c k ,p a y a b le
c o n s o ls, p a rt Is reserved to re tire , d o lla r fo r d o lla r, o ld b u n ds. V . 8 0 , p.
qu a rte rly (M a rch 3 0 , A c ) , o rgan ization ex p e n se s, Interest o n b o n d s , taxes
1 1 7 4 ,1 4 7 9 ; V .8 1 p. 30; form o f g u a r a n ty , V . 8 2 , p . 1 2 6 7 .- - ( V . 8 2 . p. 1267)
e xpen ses o f m a in te n a n ce , A c .
T h e B. A A re ce ive d fo r ce rta in p r o p e r ty
BELLINGHAM BAY & BRITISH COLUMBIA RR.— B ellin gham to G la ­ n o t Included In the lease * 5 .5 0 0 ,0 0 0 In N Y . C entral 3 X % 100 -year d e b e n ­
c ie r , W a s h .. 44.1 6 m .; b ran ch from H a m p to n t o L y n d e n , 5.31 m .; sp u rs,
tu res, thus ad d in g .7 7 % per ann um to 8 % g u aran teed on s to c k .
See lease
12.23 ra.; y a r d tra ck and sidin gs, 8 .2 7 m .; t o ta l, 67.97 m . S t o c k , $ 1 ,0 0 0 ,­ In V. 69, p . 282; V 6 9 , p 1061. 1102 1240; V 70, p 74; V . 71, p . 6 4 5 ,
0 0 0 , all o w n e d b y N ew Y o r k and S an F ra n cisco parties.
L oans and bills
963
B on ds o f 1901. * 2 ,5 0 0 ,0 0 0 . w ere for term inal fa c l’ ltles at B o s t o n , o f
p a y a b le Jun e 30 1909, $22 8,00 0.
Y ea r e n din g Ju n e 30 1909, gross, *234 ,w hich $1 ,0 0 0 ,0 0 0 Issued. V . 7 1 . p . 1218; V . 7 2 , p . 44; V . 7 5 . p . 752 .
363 : n e t, *6 1 .9 3 7 ; o th e r In com e, * 1 ,1 2 1 ; ln t. and ta x e s . A c . , $59 ,958 ; b a l.,
In 1908 $ 7 ,000,000 2 5 -y e a r 4 % b o n d s w ere s o ld , gu a ra n teed prln . and
s u r ., *3 ,1 0 0 .
P r e s ., H . H . T a y lo r .— (V . 8 1 , p . 840 .)
Int. b y N ew Y o rk C entral A H u dson R iv e r R R .
N o m o rtg a g e ca n b e
olaccrl on the n ro n e rtv w ith ou t lo ln tlv Inclu din ''' the b o n d s in lh*- lien ,
B E L T L I N E R Y . O F M O N T G O M E R Y . — O w ns real e state an d a b e lt line
V . 86, p . 1099, 1158, 1466, 1528; V . 88, p . 99.
In Ju n e 1909 Issued $ 4 ,5 0 0 ,­
In M o n tg o m e r y . A l a ., a b o u t o n e m ile o f track on T a lla p o o s a ,B e ll, P e rry an d
000 25-year 4 % b o n d s fo r a d d itio n s a n d I m p r o v e m e n ts . V . 8 8 , p. 1 06 0;
C olu m b u s streets.
A tla n tic C oast L in e R R p a y s an ann ual rental o f * 15.V . 8 9 . p . 102; V . 8 0 , p . 161.
531.
A tla n tic C oast L ine R R . ow ns a b o u t 9 2 % o f the $20 0,00 0 s to c k ; p a r,
$ 1 0 0 . Y e a r en d in g Jun e 30 1909, gross, $18 ,049 ; n e t In co m e , $16 ,966 ;
D I V I D E N D S .— Cash d iv id e n d s a t th e rate o f 8 % y e a r ly w ere p a id for
b o n d i n t .. $12 ,000 ; b a l., s u r ., $ 4 ,9 6 6 .
m a n y years p rior to th e lease. Since 1900 & H % . v iz : 2 % ea ch In M arch
BELT RAILROAD & STOCK YARD OF INDIANAPOLIS.— O w n s 14 and S e p te m b e r, 2 X % in Jun e an d 2 X % In D e ce m b e r.
m iles o f b e lt roa d A c .
L eased fo r 999 years to I n d . U n io n — w h ich see.
E A R N I N G S as re p o rte d to S ta te R a ilro a d C om m ission b y lessee;
Y ea r—
C ross.
N et.
Other In c. Int. .dlvs ,A c .
B a lan ce.
D I V ’ N D — 1 Preferred In lC o m - ’ 98 t o ’ 02 ’ 03 ’ 04 05 '0 6 ’ 07 ’ 08 1909.
$608,691
* 8,543 *2 .5 1 5 ,0 7 2 d e f .$ 1 ,9 2 7 ,8 3 8
1907 0 8 - ........$ 1 1 ,9 7 9 ,1 4 5
Sin ce 1897
ifu ll to d a t e )s t k % 5 y e a rly 6 X 7
8
8
11 12
6
1 9 0 6 -0 7 _______ 12,097,301
1 .0 4 3 .1 0 4
392,141
3 .5 5 7 ,7 9 6 d e f . 1.222,551
In J u ly 1909 $ 1 ,0 0 0 ,0 0 0 3 0 -y e a r 4 % b o n d s w e re so ld t o re tire th e 6s d u e
— (V . 8 6 , p . 1466, 1528; V . 8 8 . p . 99, 1060, 1436; V . 8 9 . p . 102, 161 .)
A p ril 30 1911. V . 8 9 , p . 10.
In J u ly 1909 $ 1 ,0 0 0 ,0 0 0 3 0 -y e a r 4 % b o n d s w ere so ld t o retire th e 6s d ue
B O S T O N & L O W E L L R R — R O A D — O w n* B o sto n to L o w e ll. 26 m ile s ’
A p r. 30 1911.
V . 8 9 . p. 40.
branches— Salem and L o w e ll, 17 m iles; L ow ell snd L a w re n ce , 12 m lle9;
P r e s ., S . E . R a u h , In d ia n a p o lis , I n d .— (V . 8 1 , p . 1099; V . 8 9 , p . 40 .)
o th e rs, 45 m iles; M id dlesex C e n tr a ', 11 m 'le s; leases— C o n n e c tic u t A P asBELT RAILW AY (OF CHATTANOOGA. TENN.)— O w ns 49 m iles of s u m p slc, 146 m iles; N ashua A L o w e ll, 15 m iles; P e te r b o r o u g h , 10 m iles;
N orthern N . H ., 83 m iles (and su bsid iary Hues 90 m iles); S to n y B ro o k R R . ,
b e lt railroad In C h a tta n o o g a , T e n n .
V . 6 7 , p . 72.
13 m iles; W ilto n R R ., 15 m iles. Leases m o s tly assu m ed b y B o s to n A M a ln e .
L eased till J u ly 1 1945 to A la b a m a G rea t S o u th e rn R R . ; ren tal gu aran teed
Leased In 1887 fo r 99 years to the B o sto n A M aine at 7 % per a n n u m on
t o m e e t interest on first m tge. b o n d s , ta xes an d m a in te n a n ce
STOCK
Is $ 3 0 0 ,0 0 0 , ow n ed b y A la b a m a G rea t S o . R y . T h e re are also $24 ,000 2d s to c k till J a n . 1 1897 an d 8 % th ereafter.
M . 4s. d u e 1945, redeem able a t p a r; c o u p , p a id Jan '01 to J u ly ‘09 ln cl.
B O S T O N & M A I N E R R . — R O A D .— T h e system w ith Its m a n y b r a n c h
lines c o v e r s the te rrito ry from B o s to n . M a ss., to P o r t la n d , M o. ( tw o d iv i­
B E L V I D E R E D E L A W A R E R R — O w ns from T r e n t o n , N . J . , to M anunsio n s ), S p rin gfield , M a ss., S h e rb ro o k e , C a n ., R o tte r d a m J e t. an d ir o jr
ka C h u n k . N . J ., 67 m iles; F le m ln g to n R R . A c ., 14 m iles; to ta l o p e r a te d ,
N . Y . W o r ce ste r. Mass . to P o rtla n d . M e., and m ost o f N ew H am p sh ire.
81 m iles.
L eased to U n ited C o m p a n ie s, an d tran sferred t o P e n n s y lv a n ia
O R G A N I Z A T I O N . E T C .— A n agreem ent w ith N ew Y o r k N ew H a v e n A
R R . M arch 7 1876. N et earnings paid as ren ta l.
H artford regarding div isio n o f territory w as m a d e In 1893 V . 56, p . 404.
D iv id e n d s .— 1897 t o 1 90 6, 5 % y e a r ly ; '0 7 , 1 0 % ; ’ 08 a n d '0 9 . F e b ., 1 0 % .
In 1909 th e B o sto n R a ilr o a d H o ld in g C o . (w h ich s e c be lo w ) a c q u ir e d in
B O N D S .— A ll o f th e ou tsta n d in g b o n d s are secu red b y the c o n s o lid a te d
th e Interest o f th e N . Y . N . H . A H . a large p a rt o f B . A M . s to c k .
m tg e . o f 1875 fo r $ 4 ,0 0 0 ,0 0 0 ; sinking fu n d , 1 % o f o u ts ta n d in g b o n d s If
D IV S . Since ’ 9 2 J '9 3 . ’ 9 4 -9 8 . ’ 99. ’ 0 0 t o J u l y ’ 08. ’08.
1909.
ea rn ed . T h e Issues o f 1885, 1887 and 1903 are gu a ra n te e d b y the U nited
C o m m o n .......... % 1
8 6 y ’ ly . 6 X
7 y e a rly . O c t l X
0 (I X Q -J)
N ew Jersey R R A Canal C o . G u a ra n ty , V 78 p 918.
B O N D S .— As to debentures, see Issue of April 1895
E A R N I N G S .— In 1908, gross, $ 1 ,7 1 1 ,3 3 4 ; n e t, $4 3 8 ,5 2 2 : o th e r In co m e ,
In D e c. 1908 $ 1 1 ,7 0 0 ,0 0 0 2 0 -y e a r 4 X s w ere sold to refu n d $ 1 1 ,3 5 0 .0 0 «
$ 3 3 ,8 9 9 ; In terest, ta x e s , A o ., sin k in g fu n d a n d o th e r c h a rg e s, $ 2 9 8 ,4 9 0 ;
sh o rt-te rm o b lig a tio n s m a tu rin g t o M a y 1909. V . 8 7 , p . 1009, 1604, 1663;
d iv id e n d s ( 1 0 % ) , $ 1 2 5 ,3 0 0 ; s u rp lu s, $ 4 8 ,6 3 0 .— ( V . 8 4 , p . 748 .)
V . 8 7 , p . 52. 157.




RAILWAY STOCKS AND BONDS.
1909. j




R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on first page o f tab es
Boston & Alb— (Concl) — B on d s (n o t M )g u p & U .c & r
Boston & Lowell— Stk ---- B on d s 20 years n o t m ortg a ge .
S ec d e scrip tio n
B on d s
do
do
in " I n v e s t o r s ’
B on d s
do
do
S u p p le n ie n t”
B on d s
do
do
o f A p r ., 1895,
B on d s
do
do
c*.
p . 2.
B on d s
do
do
c*.
B o sto n & M a ln e
B on d s
do
do
g iv e s a rental
B on d s
do
do
g u a ra n ty for 09
B on d s
do
do
c.
years.
B on d s
do
do
B on d s
do
do
-------J
Im p r o v e m e n t b on d s s f not m o rtg a g e o r s u b j to c a lL
B on ds (n o t m ortg a g e) for Im p ro v e m e n t & r e f - . c & r
B on d s (n o t m ortg a g e) g o l d _______________________c& r
B on d s e x ch a n g ed for F itc h b u r g s to c k (V 70 p 1 7 5 ).
B on d s (n ot m o r t g a g e ), f 1,0 0 0 ,0 0 0 ____________
B on d s $ 2 ,0 0 0 ,0 0 0 (n o t m o r tg a g e )____________
B on d s (n o t m o r tg a g e ), 2 0 - y e a r ________________
B on d s (n o t m o r tg a g e ). c u r r e n c y __________________c A r
B on d s (n o t m ortg a g e) 5 1 2 ,0 0 0 ,0 0 0 -------------c& r
P o r ts m o u th G reat Falls & C o n w a y 1st M a s s u m e d ..
Boston & Providence— S to c k 1 0 % g u ar 99 yrs O ld Col
B o n d s , n ot m o r tg a g e ________________________________ c*
Boston Revere Beach & Lynn— S t o c k ............. ..................
First m ortg a g e $ 1 ,0 0 0 ,0 0 0 g o l d _____________ S B .e * & r
Boston Terminal Co— First m o rtg a g e c u r r ____ O B .c& r
R r in s in R y
1st At, $ 2 ,2 5 0 ,0 0 0 , gold red 1 1 0 ..____c*
Brunswick & Western— See A tla n tic Coast L ine R R .
Buffalo Cr— C on (n ow ls t)M $1,0 0 0 ,0 0 0 g Int as rent c*
Buffalo New York & Brie— See Erie R a 'lr o a d
Buffalo Rochester & Pittsburgh— C o m m o n s t o c k . . Tr
P ref s to c k n on -cu m co m m o n 8 % then p ro r a t a .-T r
n & P 1st M g old R o c h e s te r to S a la m a n ca ___ U n .c*
R & P con M g __________________________________ Lln.o*
B R & P first gen m tg e ($ 1 0 .0 0 0 ,0 0 0 ) g o ld ___ U n .c*

M ile s
of
Road

D a te
of
B on d s

___ 1909
—
...
___ 1892
___ 1893
___ 1895
___ 1896
___ ’ 9 7 -’ 98
. . . ’ 9 9 -’01
...
1903
1905
...
___
1906
...
1907
___ 1909
—
—
...
—
...
1887
—
1892
...
1894
--1900
. . . . 1901
...
1903
...
1905
—
1906
--1909
73
1877
68 —
. . . ’ 88-’ 93
- •- —
9 1897
...
1897
...
1908

S iz e, or
Par
A m oun t
V a lu e O utstanding
$ 1 ,000& c
100
1,000
1,000
1,000
1,000
1,000
1.000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
1,000 &c
1,000
1,000
1,000
1,000
1 ,000
1,000 &c
1,000 &C
500 &c
100
1,000
100
1,000 &e
1 000 &c
100 &c

6

1891

1,000

___
___
109
260
275

____
____
1881
1882
1887

100
100
1 ,000
1.000
1 .000

L in es ow ned.
M ile s .
L in es leased— (C oncluded). M iles
B o s to n , M ass., to P o r tla n d , M e .,
F i t c h b u r g ______________________ n458
via W estern D iv is io n .....................115 N ashua & L o w e ll...........................a l 5
B oston to P o r tla n d , E astern D lv . 108 W o r c e ste r N ashua &R o c h e s t e r . a94
C on w a y J u n e ., M e ., to N orth
C o n n e cticu t R iv e r R R _________a81
C o n w a y , N . H _______ __________
73 O th er _______
___________________
72
P o r ts m o u th E lectric R y ...............
13 T ra ck a g e rights
................................ 9
P o r tla n d , M e ., to R o c h e s te r ,
N . H . .................................................
54 T o ta l op e ra te d J u ly 1 19 0 9 ____ 2.288
N orth C a m b rid ge J e t. to N orth
2d track (3d & 4th tr a c k . 10) 584
96 C on trols M aine C en t. S y s te m
a m p to n . M ass_________________
1,164
S u n dry b ra n ch e s __________________ 148
S t. J o h n sb u ry & L a ke C h am p 131
L in es leased, a See this c o m p a n y .
Y o r k H a rb o r & B e a c h . . ..........
it
B oston & L o w e ll---------------------------a469
V e r m o n t V a lle y _______________
24
C o n cord & M o n tr e a l-------------------- a478|
Sullivan C o u n t y _______________
28
B oston & M aine gu aran tees $1,3 2 8 ,0 0 0 first 5s o f S t. J o h n sb u ry & Lake
C h am pla in
A lso Interest on $27 4,00 0 M anchester & L a w ren ce 4s
J o in tly
w ith M aine Cen tral gu aran tees $300,000 P o rtla n d S tation b o n d s.
E A R N I N G S .— 2 m o s ., 1 1909.............G ross, $ 7 ,6 7 4 ,9 0 0 ; n e t, $2,8 4 3 ,0 3 7
J u ly 1 t o A u g . 3 1 .
J 190 8_______G ross,
6 ,7 9 4 ,5 1 3 ; n e t,
2 ,2 5 2 ,4 7 0
A N N U A L R E P O R T — A n n u a l m eeting secon d W e d n e sd a y In O cto b e r .
Annual report 1908-09 In V . 89, p . 84 1 , sh o w e d resu lts as b e lo w . C o m ­
parisons w ith 1906-07 are s lig h tly In accu rate.
1906-07.
1907-08.
1908-09.
P a ssen g er--------------------------$13 ,629 ,66 1 $ 1 3 ,8 4 4 ,2 2 6 $ 13 ,763 ,69 6
F reigh t --------------------------------------2 4 ,7 8 0 ,4 5 4
2 2 ,4 8 6 ,0 6 5 2 3 ,0 1 4 ,4 3 9
M all, exp ress, & c ..................
2 ,6 5 0 ,4 1 0
2 ,6 6 0 ,4 5 8
2 ,7 5 0 ,5 6 3

IN T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a yable

W here P a y a b le, and by
W hom

4
$ 4 ,5 0 0 ,0 0 0
M & N O ffic e , T e rm S ta tio n , B os
8
6 .849.400
J
&
J
4
A
1,000,000
& O
do
1,000,000
4
F & A
do
500,000
4
M & S
do
750,000
4
,T & J
do
414 ,000
4
A
& o
do
939,000
3X
I
&
J
do
250,000
V & N
I
31$
do
500 .000
3t$
M & S
500 ,000
4
M & N
325,000
4
J
&
J
4
350 000
A
&
do
28,2 r 1,790 6 In 1909
A t O ff,C a u se w a y St Bos
3 — .1
6
3 ,149,800
M &
S
1 ,919,000
4
F & A
2 ,500,000
4
F & A
6 ,000,000
&
J
do
4F$ g J
5,454 000
J
&
do
.1
3 g
1 ,000,000
3X
M & N
do
2 ,000,000
J
3 >$
do
&
J
do
500.000
3 >$
F & A
do
10,000,000
4
do
M &
S
do
11,700,000
41$
A & O N ew Y o r k an d B oston
1,000,000
J
& D
do
4 1$
do
4,000,000
10
B o s to n T e r m . R o o m 424
3— J
2 ,170,000
4
J
&
J
do
do
850.000 6 In 1909 J
&
J O ffic e , or ch e ck s m ailed
850,000
&
J S ta te St T ru st C o , B oston
4X g J
14,000.000
3*$
Text
S ta te N a tio n a l Blc Bost
S ec t e x t
M & N Sav an n ah (G a .) T r d
5 g
1,000,000

5 g

10.500,000 1 In 1909
6 ,000.000 5 In 1009
1 .300.000
6 <
r
3.9 1 7 .0 0 0
ft £
4,427,000
5 £

J

&

F

&

F
F
I
M

&
&
&
&

B onds— P r in c i­
p a l , W hen D u e
S locks— L a st
D ivid en d
M ay 1 1934
J u ly 2 1909 4 '
A p r 1 1932
F eb 1 1913
Mch I 1915
J u ly 1 1918
O ct 1917 & 1918
1919 & 1921
M ay 1 1923
S ep t 1 1925
N o v 1 1928

1 1942
1 1944
1 1923
2 1925

1 1909 2 H

l 1938

J T re a s ., 50 C h u rch S t ,N Y Jan
A 36 W all
A
A
do
D
(Jo
S
do

S t, N ew

do

1 1941

Y o rk
D ec 1 1922

b u ilt. T h e ro a d as p r o je cte d w ill e x te n d fro m S a v a n n a h t o A th e n s, 180 m .
S to ck a u th o riz e d , $ 1 ,0 0 0 ,0 0 0 , w h ich m ay be in crea sed to $ 5 ,0 0 0 ,0 0 0 .
S to ck h o ld e rs A pril 6 1908 a u th o riz e d an Issue o f $ 2 ,2 5 0 ,0 0 0 bon d s at $10,000
per m ile fo r th e first 100 m iles an d $15 ,0 0 0 per m ile fo r rem ain d er o f r o a d .
V. 86, p . 720 , 1158.
P r e s ., G eo. M. B rin so n .
O ffic e , S p rin gfield , G a.
— (V . 80, p . 720, 1158; V . 88, p . 944.)
BUF FALO C RE EK R R . — O w ns 6 m iles o f term in al road In B u ffa lo , N . Y .
In D ecem ber 1889 leased for term o f ch arter less on e d a y to tin* L eh igh Val
ley and the Erie R R ., w h ich to geth er ow n entire c a p ita l s to c k o f $25 0,00 0.
R en ta l Is Interest on b o n d s an d 7 % on s t o c k .— (V . 84. p. 50.)
BUFFALO ROCHESTER & PITTSBURGH R A I L W A Y . — (S ee M a v O —
O perates from B uffalo and R o c h .. N. Y . , to bitu m in o u s c o a l regions.
L in es owned in fee—
M ile s .
Trackage (C oncluded) —
M ile s .
Bu ffalo C reek, N . Y . , to Mt
W illo w G ro v e to P itts b u r g h , P a .
7
100en n . R R . — P en n . R R . J e t. to
J e w e tt, P a ....................................
P
Clarion J e t. to L in d s e y , P a . . ..
60
Shu m a n R u n Y , P a ____________ 19
R o ch e ste r to A s h fo r d . N . Y . ____ 94 O t h e r ______________
6
C h a rlo tte , N . Y . . to L in coln P a rk 10
Leased— Stock not owned—
,
Indiana B ra n ch .................................
63 lle g h e n y & W e s te rn — a
A
F ive b r a n c h e s _________________
2 0 1 n x s u ta w n e y to B u tler P a .,
Pu
Trackage—
& c .............................................. 66
E ric— Mt Jew ett to C larion J e t . . 21 C learfield & M ahoning— a
B altim ore & O h io—
Clearfield to B eech Creek R R . . 26
B u tler, P a ., to N e w c a s tle _______ 41 M ahoning V a lle y R R ........ ...............
2
R lb o ld J et. to A llegh en y C i t y . . 33
T o ta l J u lv 1909 (a See separate statem en t fo r this c o m p a n y )________ 568

O R G A N I Z A T I O N . E T C .— S u ccessor In M arch 1887 to the R o c h e s te r &
P ittsb u rg h , w h ich was foreclosed In O ct. 1885, per plan In V . 41 p. 516.
T h e entire ca p ita l s to c k ($ 4 ,0 0 0 ,0 0 0 ) o f the R o c h e s te r & P ittsb u rg h Coal
& Iron C o. w as ow n e d (V . 66, p. 1088) an d th rou gh th at c o m p a n y In M ay
1896 c o n tr o l was a cqu ired o f the Jefferson & Clearfield Coal & Iron C o. (see
that c o . u nd er “ In du strials” ) w ith $ 3 ,000,000 s to c k .
In 1906 the s tock
o f the R o c h . & P itts. C. & I. C o. w as transferred (s u b je c t to the Hen o f the
general m tg e .) to the M ahoning In v e stm e n t C o ., havin g $ 4,200,000 a u th o r­
ized s to c k In $100 shares, In co n s id e ra tio n o f $ 4 ,1 2 5 ,0 0 0 s t o c k , the latter
B a la n c e ------------------------------------------------------------ a d e f .$ l ,409,662 sur$529,143
being d istrib u te d D e c. 1906 p ro rata In p r o p o r tio n o f 2 5 % a m o n g the
a T h e d e fic it , $ 1 ,4 0 9 ,6 6 2 , In 1907-08 w as d ecreased b y $54 3,20 6 " c o n ­
holders o f R y . c o m m o n an d preferred s to c k s .
V . 8 3 , p . 1468. V . 85 p.
tin g en t f u n d " rep resen tin g u n a p p r o p r ia te d surpluses fo r 6 years e n d e d
w. ’ f l 5 , re p o rt, V. 87. p. t4 2 .
F o r b on d s o f these c o a l c o m p a n ie s see
Ju n e 30 1 90 7,” lea v in g d eficit fo r y e a r $86 6 ,4 5 6 .
M lsccl. Cos. Clearfield & M ah on in g securities are g u a ra n te e d ; A lle g h e n y
& W estern , see th at c o .
In A u g . 1901 allied Interests pu rch ased u p w a rd s
O F F I C E R S .— Pres
Lucius T u ttle ; 4th V .-P
and G eneral A u d ito r.
W . I H o b b s : Trens
H erb ert E Fisher
O ffice . B oston
o f 25.000 acres o f coal lands In In d ian a C o .. P a .
V 75. p. 183. 347 .
Lake
O n tario Car F e r r y , V . 83, p . 329; V . 87, p . 486; V . 89, p . 417 .
D ir e c to rs .— C has. F . L in d s e y , M erid en , C on n .; S am uel H e m in gw a y, N ew
H a v e n , C on n .; L u ciu s T u tt le , R ich a rd O ln e y , J . M . P re n d e rg a st, W a lte r C.
S T O C K .— T h e sto ck h o ld e rs v o te d N o v 21 1904 to Increase the c o m m o n
B a y llc s , P h ilip D e x te r , T h e o . N . V a il, A le x a n d e r C och ra n e, A m o r y A .
sto ck from $9,0 0 0 ,0 0 0 to $12 ,0 0 0 ,0 0 0 ; $1,5 0 0 ,0 0 0 w as su b scrib e d for In 1905
L a w re n ce , B os to n ; R o b t . M. B u rn e tt, S o u t h b o r o , M ass.; E d gar J. R ich ]
b y s to ck h o ld e rs at par. V . 7 9 , p . 68 5 , 1905; V . 8 0 , p . 116
W in c h e s te r , M ass.; K arl A . R y d e r , A r lin g to n , M ass.; A . W . S u llo w a y ’
D IV S . ( % ) — )’ 97. ’ 98. ’ 99. ’ 00. ’ 01. ’ 02. ’ 03. ’ 0 4 t o ’ 06. *07. '0 8 .
1909.
F ra n k lin , N . H .; W m . W h itin g , H o ly o k e , M ass.; F re d . C. D u m aln e, C o n ­
P r e fe r r e d ...........) 1
2
2 6
6
6
6 6 y e a rly 6
6
6
c o r d , M ass.; E d w in F . G reen e , W a y la n d , M ass.; F red. E . R ich a rd s, P o r t­
-------* - --- -4
4 51$ 6 y e a rly 5 X 4 k
4
la n d , M e.; E d w a rd P . R ic k e r , S o u th P o r tla n d , Ale.— (V . 89, p. 161. 347
The M ahoning In v e stm e n t C o. In A u g. 1907 and M arch 1908 also paid 2 %
408, 841, 846 , 992.)
d iv id e n d o n Its s to c k ; A u g . 1908, 2 % ; 1909, n on e.
V . 8 8 , p . 685. C o m ­
BOSTON & PROVIDENCE R R. — O w ns B o sto n M ass., to P r o v id e n c e ,
p are "O r g a n iz a t io n ” a b o v e . V . 8 5 , p . 283.
R I .. 44 m iles; bran ch es 20 m iles.
Leased 99 years A p ril 1 1888. to O ld
b o n d s .— G eneral 5s for $5,5 7 3 ,0 0 0 are reserved fo r p rior b o n d s , & c.
C o lo n y R R .; rental 1 0 % y ea rly o n s to c k .
In June 1907 a law w as signed
T h e $ 2,000,000 deben tu res o f 1897 In the treasury are c o n v e r tib le Into co in
p erm ittin g c o n s olid a tion w ith Old C o lo n y R R . — (V . 84 p. J487.)
m on s to ck at par and s u b je c t to call at 102 t$: th e y arc to be secured b y an y
BOSTON RAILROAD HOLDING CO.— In c o r p o r a te d In A lassachusctts su bsequ en t m tge. unless m ade for refu n din g existin g p rio r liens or fo r ex­
Ju n e 18 1909 u n d er special A c t w ith p o w e r to h old se cu ritie s o f B oston &
tensions e x c lu s iv e ly .
See V . 64. p . 706; V . 73. p. 1 0 0 9 ,1 1 1 1 .
M ain e. T h e $10 0,00 0 orig in a l s to ck is to be held b y the In co rp o ra to rs o r
S tock h old ers v o te d A p ril 25 1007 to a u th o r ’ ze a m tge. to secure an Issue
th eir su ccessors. S ee law , V . 88, p. 1618. T h e N . Y . N . H. & H a rtfo rd
o f $35 ,000 000 50 y ear con sols to bear n o t o v e r 4 4$% Interest, o f w h ich
will ow n o r c o n tr o l the rem a in d e r o f the sto ck an d all the b o n d s to be Issued
$3,000,000 Issuable at o n c e , $ 1 8 ,145 ,00 0 to retire u n d erlyin g o b lig a tio n s at
an d m ay p erh ap s g u a ra n tee the la tte r to Investors.
or b e fo re m a tu rity and the rem aining $ 13 ,855 ,00 0 to be reserved fo r future
O n O ct. 4 1909 to o k o v e r $10 ,9 9 4 ,8 0 0 B . & M. s to ck at $140 p er share,
requ irem en ts after J u ly 1 1908 at not o v e r $ 1 ,5 0 0 ,0 0 0 y e a rly in 1908 or
p a y a b le $15 In s to c k an d $125 in 4 % 5 0 -ye a r b o n d s re d e e m a b le a t 105, subsequ en t calen dar yea rs, o r such larger a m o u n t In a n y y e a r as s t o c k ­
callin g fo r $ 1 ,6 4 0 ,0 0 0 s tock an d $ 1 3 ,7 4 3 ,5 0 0 b o n d s.
V . 89, p . 161, 528.
holders m ay a u th o riz e .
V. 84. p. 867 , 1306; V. 85, p . 39, 414 ; V . 86, p.
In O c t . 1909 ask ed perm ission to p u rch ase $1,5 7 5 ,5 0 0 a d d itio n a l I). & M.
336; V . 87, p 1009.
c o m m o n s to c k a t $154 p er share, p a y a b le $125 In 4 % b o n d s an d rem ain der
A s’ nklng fund o f 5 % will retire series A , B & C e q u ip m e n t b o n d s ann u ally
in sto ck ; also $58 2,60 0 p r e f. s to ck a t $162, p a y a b le $125 in 4 % b o n d s and
on M ay 1, If purch asab le at o r b e lo w par; oth erw ise to be a pp lied to the p u r­
$37 In s to c k , m ak in g a total o f $ 1 2 ,5 7 0 ,3 0 0 B. & M. c o m m o n o u t o f $ 2 8 ,­ chase o f a d d itio n a l eq u ip m e n t. V . 68. p. 1131; V 71, p. 501; V . 73, p. 348.
271 ,7 9 0 o u ts ta n d in g anil $582,600 p re f. o u t o f $ 3 ,1 4 9 ,8 0 0 to be o w n e d .
Series D and E h ave an ann ual sin k in g fund o f 6 % fo r pu rch ase o f b on d s
T h is w ill Increase the c o m p a n y ’s s to c k to $ 2 ,4 2 1 ,6 0 0 and the b o n d s to $ 1 6 ,­ S ep t. 1 an d M ay 1 r e s p e c tiv e ly , at 105 and Interest; lr n o t p u rch a sa b le,
441 ,1 2 5 . V . 8 9 . p. 992. T h e c o m p a n y , it Is s ta te d , has a c q u ir e d , o r c o n ­
bon d s m ay be draw n b y lo t; Series E m a y also be called as an en tire ty at 105.
tr a c te d to a c q u ir e , " a su bsta n tia l co n tr o l o f the o u ts ta n d in g s t o c k ” o f the
Series F m a y be p u rchased b y sinking fund at n o t o v e r p a r o r draw n b y lot
B . & M. T h e B llla rd C o m p a n y , an allie d B . & M. h o ld in g c o m p a n y , In at par and m i v also be draw n at 102 and Interest on an y Interest d a y V 84
O ct. 1909 Increased Its share ca p ita l fro m $50 ,000 to $ 2 ,0 0 0 ,0 0 0 .
p. 1365; V . 85, p . 283 , 414 , 863 . S eries G h a ve an ann ual sin kin g fund’
P r e s ., F red eric C. D u m aln e, C o n co r d , M ass.; V . - P . , W a lte r C. B a ylles,
equal t o 6 % o f b o n d s issued, b u t c a n n o t b e c a lle d .
V . 89 n 468
R eal
B oston ; S e c ., R o b t . M . B u rn e tt, S o u th b o ro , M ass.— (V . 8 9 , p . 992.)
estate m tg e s ., 5 4 $ % , $ 6 0 ,0 0 0 .
’
BOSTON REVERE BEACH & LYNN RR. — O w ns n a rrow -ga u ge road
E A R N I N G S .— 2 m o s ., ] 1909...................... G ross, $1,61 1,793; n et, $669,321
from L yn n to East B o s to n . M ass.. 9 m iles, co n n e c tin g w ith B oston b y com
J u ly 1 to A u g . 3 1 .
J 19 0 8 ------------------ G ross, 1 ,270,094; net, 361 ,218
p a n y ’s fe rry -b oa ts: W ln th r o p D iv isio n , East B oston to W In th ro p 5 m iles
In Sept. 1908 $379,100 s to c k w as acq u ire d b y E s ta b ro o k & Co.
V. 87, p. i A N N U A L R E P O R T .— Fiscal y e a r en ds Jun e 3 0 . T h e a n n u al m eetin g
N ew \ ork on the th ird M o n d a y in N o v e m b e r . T h e re p o r t fo r
676. Of the 4)$s o f 1897, balan ce unissued Is fo r Im p ro v e m e n ts. V . 65.
1908-09 w as g iv e n a t len gth in V . 89, p . 407, 41 6 .
In 1908-09 ca rried
p. 68: V 83, p. 379. Notes p a y a b le J u ly 1 1909, $290,000.
0,186,043 ton s o f b itu m in o u s co a l (o u t o f 8 ,0 0 8 ,9 9 0 to ta l ton s o f fre igh t
D I V ’ D S. 1 1888 91. ’ 92 '9 3 . ’ 94 95. !'6 ’ 97 to ’ 05. ’ 06. ’ 07 ’ 08. 1909.
m o v e d ), against 5 ,8 4 9 ,2 4 0 In 1907-08.
P er c e n t - . . ! 7 yea rly 5 1$ 5 41$ 4
3
2 y e a rly 4
5
6
6
Y r.en d .J u n e 3 0. 1908-09.
1907-08.
Yr.end.JuneD O . 1908-09.
1907-08.
Y r . end. J u n e 30 — G ross.
N et. I n t .A la x c s . D iv s . paid. B a l.,s u r .
O per. reven u e $ 7 ,1 7 1 ,8 9 7 $ 7 ,1 8 4 ,0 2 8 In t. on b o n d s . $ 1 ,1 2 6 ,4 1 5 $ 1,103,664
190 8-0 9-------------------- $863,475
$12 1,53 3
$69 ,493
( 6 % )$ 5 1 ,0 0 0
$40
O p .e x p .& ta x e s 4 ,7 9 8 ,8 0 5 5 ,522,679 M is ce lla n e o u s .
12,484
13,203
190 7-0 8-------------------- 834.021
123,415 71,332
( 6 % ) 5 1 ,000
1,083
D lv .o n p f.s t k .(6 ) 3 60 ,000
360 ,0 0 0
— (V . 81, p . 1722; V . 83, p. 270 , 379; V . 84, p . 1365; V . 8 7 , p . 676.)
O per. I n c o m e .$ 2 ,3 7 3 .0 9 2 $ 1,961,349 D lv . o n c o m .
N et (Incl. o th e r
s t o c k _______(4 )4 2 0 ,0 0 0 (5 )5 2 5 ,0 0 0
BOSTON TE R M I N A L CO.— O w ns S ou th ern U n ion D e p o t In B oston
i n c o m e ____ 2 ,8 0 9 ,9 0 5 2,787,451
op e n e d In 1899.
V. 68 p. 40; V . 69. p. 591. B o sto n & A lb a n y N ew Eng
R e n ta ls_______
641 ,067
6 47 ,595
la n d , B oston & P r o v ., O ld C o lo n y and N. Y . N . II. & H artford R R . Cos.
D a l., surp . . $249,939
$137,989
ea ch ow n s on e fifth o f the $500,000 ca p ita l s to c k and p a y a s r c n ta l In m o n th ly
Old B a sis
1907-08.
1905-06.
1906-07.
1904-05.
Installm ents sum s su fficien t to p a y all exp en ses, ch arges. Interest on bond s
M iles Ju n e 30 - .......................
568
568
568
538
an d 4% o n s to c k .
T h ese com p a n ie s are J o in tly liable for a n y d e ficie n cy In
Gross earnings .................. $8,2 6 3 ,5 9 5 $ 8 ,5 9 5 ,9 1 6
$7,797,248
$8,1 3 8 ,2 7 5
case o f foreclosu re.
R eg Int. p a y a b le Q F; c o u p o n s F & A . — (V . 87 p 224.)
N et e a rn in g s______________ $2,9 1 4 ,3 3 5
$ 3,000,88:
$3,149,921
$2,818,733
BRINSON RY.— O w n s S a v a n n a h , G a ., to M ill H a v e n , 72 m iles, c o m ­
O F F I C E R S .— P re s., A d rian Iselln J r ., N . Y .; V .- P . anil G en. M g r., W . I .
p leted S e p t. 1909. T h is Inclu des the fo rm e r S a v an n ah V a lley R R ., e x ­
N oonan; V .- P ., W . E m len R o o s e v e lt. N. Y .; T r c a s ., J . F . D in k e y , R o c h e s ­
ten d in g fro m E g y p t t o M ill H a v e n , G a ., an 18-m lle c o n n e c tin g link b ein g
ter; S ec. an d A s s t. T r e a s ., E rnest Iselln , N . Y .
T o ta l o p e ra tin g r e v e n u e s ........... ...$ 4 1 , 0 6 0 , 5 2 5
$3 8 ,9 9 0 ,7 4 9 $ 39 ,528 ,69 8
N et Incom e (a fter t a x e s ) . . .......... ............ $ 9 ,8 2 5 ,5 8 6
$9,0 6 4 ,1 3 5 $1 0 ,1 7 7 ,2 2 5
R e n ta ls , sin k in g fu n d , & c --------- -------------------------------- 6,5 4 2 ,7 3 4
5,9 3 0 ,2 6 5
In terest a c c r u e d --------------------------------------------------------1.769,905
1,859,357
A d d itio n s a n d b e t t e r m e n ts _____________ ______ _____
80,537
41,099
D iv id e n d s on preferred s t o c k , 6 % _________________
188,988
188,988
D iv id e n d s o n c o m m o n s to c k _____________________ (7 )1 ,8 9 1 ,6 3 3 (6 )1 ,6 2 8 ,3 7 3







R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on fir s t page o f tables

Buff R & P— (C on )— L in e P & C h a r lls t M g g _____
B R A P co n s o l m tge $3 5 ,0 0 0 ,0 0 0 g o ld _ _ C e .x ,c * A r
E q u ip m e n t b on d s $50 o,000 g o ld s f Ser A ____ Q .e*
do
B A C ($ 9 9 5 ,0 0 0 S -r B )ea ch g o ld s f_G
do
do
do
D $2,0 0 0 ,0 0 0 g o ld red 105 sink fu n d ,
do
do
E $ 2 ,0 0 0 ,0 0 0 g o ld red 105 sink fu n d ,
do
do
F $ 3 ,0 0 0 ,0 0 0 g o ld red sinking f u n d - ­
do
do
G $ 3 ,0 0 0 ,0 0 0 g o ld sink fu n d _______ G
Buffalo & Susquehanna RR — C o m m o n s to c k g u ar 4 %
P referred s to c k 4 % n on c u m u la tiv e g u a ra n te e d 4 %
F irst M g o ld sinking fu n d redeem at p a r___ M e .c * A r
F irst refu n d in g m ortg a ge g o ld (see te x t) . J l p , c * 4 r
Buffalo & Susq Ry — F irst M $ 6 ,0 0 0 ,0 0 0 g o l d . Us.c* A i
E q u ip m e n t trust b on d s $44 ,000 d u e s e m l- a n . Usm.c
do
do
Ser B (V 85 p 39) $27 ,000 s-a.-U sm
do
do
Ser C (V 85 p 283) $45 ,000 s-a-PeP
do
do
Ser D $ 15 ,000 s e m i-a n n u a lly _______

M ile s
of
Road

D a te
of
B on d s

S iz e , or
Par
V a lu e

I N T E R E S T OR D I V I D E N D S
Am ount
O utstanding

R ate
%

1889
$1,000
$350,000
1907 1,000 A c
4 .7 3 5 ,0 0 0
1899
1,000
590,000
190 0-1
1.000
1 ,995.000
____
1902
1,000
1,417,000
____
1904
1.000
I .716 000
1907
1,000
2 .828,000
____
1909
1,000 a b t 980,000
50
4,6 5 6 ,9 0 0
____
______
50
4,0 0 0 ,0 0 0
102 1893
500 A c
95,0 0 0
265 1901 1,000 A c
9,3 7 0 ,0 0 0
—
1903 1,000 A c
6.0 0 0 ,0 0 0
____
1906
1,000
607 ,000
____
1907
1,000
405 ,000
—
1907
1,000
720,000
1907
1,000
240 ,000
—

5 g
4 )4
4 )4
■ >)4
4 )4
4 )4
4 14
4 g
4
4
5 g
4 g
4 )4
5
5
5
5

10
348

_
_

_
_ __

Bullfrog-Goldfield RR —See Tononah A Tidewater Rv
Burlington Cedar Rapids & Northern— See Chicago R o c k Is'. and A P a cific R y an d also R o c k
Burlington & Missouri Valley— See Chicago Burllngto n A Q u ln o y.
Burr’ s Ferry Browndel & Chester— First M g old-.x c*
. . .
1907
1,000
165,000
6
California Pacific— See S ou th e rn Pacific R R .
Cal VV RR & N— 1st M $ 7 0 0,00 0 g o ld gu a r s f (te x t) _c*
27 1905
1,000
363 ,000
5
Cambria & Clearfield— 1st M ($ 2 ,0 0 0 ,0 0 0 ) g ____ G P .c *
103 1891
1,000
1,279,000
5
B ell’s G ap c o n s o l M sink tund n o t d r a w n ___ G u P .c *
30 1882
500 A c
145,000
6
C learfield & Jefferson first m o r tg a g e ________ GuP.c*
46 1886
500 A c
1,000,000
6
P e n n s y lv a n ia A N W gen Af $ 2 ,5 0 0 .0 0 0 _____ GuP c*
76 1890
1.000
1 ,021,000
5
C a m b ria A C learfield general m o rtg a g e g o l d ________

Camden & Burlington County— S to c k 6 % gu aran teed
F irst M g g u p & I b y U n N J R R & Can C o . -GP.c*
Canada Atlantic— C on (n ow 1st) M g gu p & 1_______
P e m b S ou th 1st M , g u a r ____________________ _______
C en tral C ou n ties first m ortg a g e Interest r e n ta l___ _

Canada /Michigan & Chicago— 1st M (see V 63 d 838)
Canada Southern— S t o c k -------------------------------------------------

1st M e x t In 1908 (Can m o n e y )............. .................. ............
S e c o n d Af for $ 6 ,0 0 0 ,0 0 0 (Can m o n e y )
do
cA r
L e a m in g to n & St Clair 1st M g gu p A 1 (e n d )___ c*

392
30
30
396
37
457
404
404
16

1905
__

1897
1905
1906
1909
______

1878
1883
1895

1,000
25
1.000
$ or £

BURR’ S FERRY BROWNDEL & CHESTER RY.— See page 170.
CALGARY & EDMONTON RY.—See page 170.
CALIFORNIA-WESTERN RR & NAVIGATION CO — O w ns F t . B ra g g,

C a l., to A lp in e , 27 m .
M tge. p ro v id e s for e x te n sio n from A lp in e to head
o f N o y o R iv e r , 9 m . , th en ce to W llllts 9 )$ m S to c k a u th o r iz e d , $ 1 ,000,000 .
p a r , $100.
M tge. c o v e r s also term in a ls, railroad w h a rf an d 18,000 a c r c s o f
tim b e r land.
B on d s are gu aran teed prln . and Int . , b y U n io n L u m b e r C o . ,
an d red eem a b le at 105 a t end o f a n y year In reverse o f n u m erica l o r d e r . Th e
$ 4 2 0 ,0 0 0 first Issue m atures $ 20 ,000 y e a r ly , and rem ain ing $28 0 ,0 0 0 Is to
fall d u e In equal y e a rly Installm ents. O n Ju n e 30 1908 $62 ,0 0 0 o f $ 4 4 5,00 0
b o n d s had oeen retired b y sin k , fu n d , a cc u m u la tio n o n h an d b ein g $ 7 1 ,0 4 7 ­
V . 8 1 , p . 143 5. C al. y r . 1907, gross, $ 2 5 4 ,4 7 0 ; n e t, $ 82 ,262 : b o n d int ’
$ 2 0 ,6 0 0 ; b a l., s u r ., $ 6 1 ,6 6 2 .
P r e s ., F ru n k T r u m b u ll.— V . 8 1 . p . 1495.)

W here P a y a b le, and by
W hom

A
J
,T 36 W a ll S t ., N ew Y o r k
M A N
M A N
do
do
M A N
do
do
M A N
do
do
M A N
do
do
A A O
A
A ()
do
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& J
Q — M C h eck s m ailed
N Y
A A o H a r v e y F isk A Sons N Y
J
A
J F isk & R o b in s o n , N Y
g M A N FIslc A R o b in s o n , N Y
A
J
J N W H arris A C o , N Y
A A o N W H arris A C o , N Y
F A A F isk A R o b in s o n , N Y
F
A A P en n C o fo r In s u r, A c
g
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g
g

R onds— P r i n c i ­
pal, W h en D u o
Stocks— L a st
D ivid en d
Jan
M ay
M ay
Afay
N ov
M ay
Apr
O ct

1 1939
1 1957
1 1919
1 ’ 2 0 -’ 21
11919
1 1922
1 1927
1 1929

Isl an d C o.
g

A

A

g
g

J
J
A
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F
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F
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T
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A
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A
J B ro a d S t S t a tio n . P h lla
A O
do
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A
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4 g
6
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4 g
4

1,000
100 15.000.000 See text
$1,000 $14 ,0 0 0 ,0 0 0
6 g
1,000 A c
5
6,0 0 0 .0 0 0
1,000
130,000
4 g

B U F F A L O R O C H E S T E R A P IT T S B U R G H R Y . (C o n clu d e d )
D ir e c to rs — H e n r y G . B a r b e y , A . Iselin J r ., W m . E . Is e lln , A . L a n fe a r
N o rr le , W a lt e r G . O a k m a n , C. O ’ D . Is e lln , W . T . N o o n a n , G e o rg e E m len
R o o s e v e lt , W . E m len R o o s e v e lt , E rn e st Is e lln , O scar G rlsch an d Sam uel
W o o lv e r t o n .
N ew Y o r k o ffic e , 36 W all S t .— (V . 8 9 , p . 4 0 7 , 468.)
BUFFALO & SUSQUEHANNA RY — (S ee M a p . ) — O w ns fro m W ellsv lllc , N . Y . , to B u ffa lo , 86 m iles, and leases th e B u ffalo A S u sq u eh an n a R R .
for 999 years fro m J u ly 1 1907 fo r Interest o n b o n d s and gu aran teed d iv i­
d e n d s o f 4 % y e a rly o n the c a p ita l s t o c k .
B y this lease and Its ow n e rsh ip
of th e en tire c o m s to c k o f th e B . & S . R R . , the c o m p a n y c o n tr o ls road e x ­
te n d in g fro m W e lls v llle , N . Y . , to S a g a m o re , P a ., a b o u t 60 m iles n orth o f
P itts b u r g h , w h ic h , w ith Its several b ra n ch e s , has a to ta l m ileage o f a b o u t
281 m iles. T o t a l m ileage ow n e d and leased, 368.
T h e p la n ts o f the B u ff. A S u sq . C oa l A C ok e C o . and o f the P o w h a ta n
C oal A C ok e C o. (V . 75 p. 922; V 7 9 , p. 2061, 2091-92) are lo ca te d on the
lines o f th e B . A S . R R .
T h e B u ff. A S usq. Iro n C o ., o w n in g tw o blast
fu rn aces at B u ffa lo, acq u ires Its en tire s u p p ly o f coa l and c o k e fro m the
p la n ts o f th e P o w h a ta n Coal & C ok e C o. See V . 75, p . 922 ; V . 79, p. 2061,
209 2. C on n ection Is m ade at B u ffalo w ith th e B u ff. A S u sq . SS . C o .,
o w n e d b y a ffilia ted Interests.
S T O C K — A u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; Issued. $10 ,0 0 0 ,0 0 0 ; par. $100.
B O N D S .— T h e first 5 0 -y r. g o ld 4 )^ s (a u th o rize d Issue $ 6 ,0 0 0 ,0 0 0 , all
ou tsta n d in g ) are secu red b y a first lien on the term inal p r o p e r ty at B u ffalo
an d the 86 m iles o f railroad In N ew Y o r k S ta te : also b y d e p o s it w ith th e
tru stee o f all th e $ 4 ,6 5 6 ,9 0 0 c o m . s to c k o f th e B u ff. & S usq . R R . C o . V .
74, p . 1040.
See V . 76. p . 593; V . 79, p . 2695.
E A R N I N G S .— 12 m o s .,1 1 9 0 8 -0 9 ...........G ross, $ 2 ,2 9 8 ,9 7 7 ; n e t , $339,221
J u ly 1 to Ju n e 3 0 .
J19 0 7 -0 8 ............ G ross, 2 ,0 2 4 ,8 8 8 ; n e t , 168,601
R E P O R T .— F o r y e a r e n d in g Ju n e 30 1908 In V . 88, p . 448 (355 a vera ge
m ile s ), sh ow ed gross rev en u e, $ 2 ,0 2 4 ,8 8 8 ; net o v e r ta x e s , $16 7 ,3 7 0 ; o th e r in­
c o m e , $ 44 3,32 9; Interest, ren tals, A c ., $ 1 ,2 0 5 ,6 2 5 ; b a l., d e f., $59 4 ,9 2 6 .
P r e lim in a r y (P a rtia l) Statem ent fo r Y ea r ending J u n e 30 1909.
F is c a l
O perating
K et (after
Other In c .
Other I n c .
Gross C orY ear.
R even u e.
T a xes.)
(O p era lio n ). (In vestm ’t s ) . porate I n c .
1 9 0 8 -0 9 .. . $ 2 , 299,294
$290,130
$124,141
$146,194
$56 0,46 5
1 9 0 7 - 0 8 .. . 2 ,0 2 5 ,4 7 2
119,120
167,244
138 ,060
424,424
O F F I C E R S .— P r e s ., Chas. W . G o o d y e a r ; S e c. a n d T r e a s ., F . A. L e h r.
O ffic e , 962 E llic o tt S q u a re, B u ffa lo , N . Y . — (V . 88, p. 44 8 , 45 1 .)
B U F F A L O A S U S Q U E H A N N A R R . — O w ns from S a g a m o re , P a . to
W e lls v llle , N . Y . , w ith several b ra n ch lines, Inclu din g 1 7 'm iles track age.
T o t a l m ile a g e , 2 8 0 .7 0 .
F rom J u ly 1 1907 the c o m p a n y Is leased to the
B u ffa lo A S u sq u eh an n a R ailw ay fo r rental o f Interest o n b o n d s an d d iv i­
d en d s o f 4 % on ca p ita l s to c k .
V . 85. p . 1266,
S to c k .— C o m m o n s t o c k , all e x c e p t d ire cto rs shares, o w n e d b y B A S.
R y , $ 4 ,6 5 6 ,9 0 0 ; par o f shares $50.
P r e f.. $ 4 ,0 0 0 ,0 0 0 4 % n on c u m .; p a r !
$50.
See a p p lica tion to list, V 78 p. 2389; V . 8 2 , p . 568
D iv id e n d s .— O n c o m ., 4 % In 1895 an d 5 % y e a rly to 1907; In 1907, 4 %
p aid Q -J .
U n der lease to B . A S . R y . d iv id e n d s are p a y a b le at 4 % per a n ­
n u m . O n p r e f., 1 % q u a r. M ch . sin ce date o f issue, b egin n in g S e p t. 1902.
B o n d s .— T h e 5s o f 1913 have been re d u ce d , b y the op e ra tio n o f the sinking
fu n d and b y refu n d in g Into 4s o f 1951, to $ 96 ,000 . 'T hey are s u b je c t to call
a t p ar for sin k. fd. In ord er o f n u m b e rs, b e gin n in g w ith highest. V . 65, p.234.
T h e 4s o f 1951 are secu red b y a first refu n din g m tg e . o n the entire p r o p ­
e r t y , s u b je c t o n ly to $96,000 first 5s a b o v e m e n tio n e d , and are further
secu red b y d e p o s its o f purch ase m o n e y m o rtg a ge s a ggregatin g $ 3 ,0 0 0 ,0 0 0
o n c o a l lands estim a ted to be w o rth $ 6 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 9 ,488,000
F u rth er a m ou n ts m ay b e Issued at n o t o v e r $25 ,000 p er m ile fo r the c o n ­
str u c tio n o r a c q u is itio n o f a d d itio n a l r o a d ; also fo r new term in als
T o ta l
a u th oriz ed Issue, $15 ,0 0 0 ,0 0 0 ; b u t a d d itio n a l a m o u n ts at $15 ,000 per m ile
m a y be Issued fo r d o u b le track in g m ileage a lre a d y c o v e r e d b y the m tg e ’
Slaking’ fu n d o f 3 cts per to n o f co a l m in ed b y co a l co m p a n ie s m o rtg a g e d
Is Invested In the b on d s If p u rch asab le at n o t e x ce e d in g 1 1 0 % ; o th erw ise In
secu rities legal fo r savin gs ban k s.
B on d s so p u rch ased are k e p t a liv e In
sin k in g fu n d .
V . 7 3 , p . 61 9 , 899; V . 84, p. 748.
B U F F A L O A S U S Q U E H A N N A C O A L A C O K E C O .— T h is c o m p a n y ,
the s to c k an d 1st m tg e. b on d s o f w h ich are ow n e d b y the B . A S. R R ., ow n s
c o a l lands at D u B oIs, T ro u tv ltle , O n o n d a ga an d S a g a m o re , P a . T h ese
lands are estim a ted t o be u n d erlaid w ith a b o u t 1 04 ,000 ,00 0 tons o f co a l.
T w e lv e m ines In op e r a tio n .
V . 77. p. 1301; V . 79, p. 2091-02; V . 8 2 , p
1322; V . 85 p. 1266. T h e 2d m tge. b o n d s, $ 2 ,2 0 0 ,0 0 0 on Jun e 1 1008
are ou ts ta n d in g In the han ds o f the p u b lic.
P O W H A T A N C O A L A C O K E C O .— T h is c o m p a n y , all o f w h o se bon d s
an d s to c k are ow n ed b y the B A S. R R ., o w n s c o a l lands at T y le r an d at
S y k e s, underlaid w ith a b o u t 2 6 .0 0 0 ,0 0 0 ton s o f c o k in g c o a l.
B o th Its
c o k in g p la n ts, w ith c a p a c ity o f 800 to n s o f c o k e d a lly , are o p e r a te d , and are
sh ip p in g t o B u ffa lo fo r use o f B u ff. A S u sq . Ir o n C o .— (V . 8 9 , p . 8 4 6 , 99 2 .)
B U L L F R O G - G O L D F I E L D R R . — See T o n o p a h A T id e w a te r R y .
“ BURLINGTON.” — See C H IC A G O B U R L IN G T O N & Q U IN C Y R R .
BURLINGTON CEDAR RAPIDS & NORTHERN RY.— In 1903 title was
a cq u ire d b y deed b y Ch R I. A P ac. R y . C o . . f he h olders o f th e o u tsta n d in g
u n ex ch a n g ed s to c k (a b o u t $ 1 3 6 ,2 0 0 — to ta l Issue $7 ,1 5 0 ,0 0 0 ) b ein g gu aran
teed 6 % d lv s ., J J , as called
r b y the l e a s e — |V. 8 2 . p. 1040.)




1,255,000
381,925
350,000
14,384,644
150,000
4 7 5 ,0 0 0

W hen
P a ya b le

O C o m m o n w e a lth T r Co S tL A p r 1 1 9 3 7

A G rand C en tral S ta tlo n N Y
.1 U n ion T r C o N ew Y o r k
S
do
do
o A g ts B k o f M on treal N Y

1910-1926
1 1941
2 1913
1 1927
1 1930
1 1955
1909
3%
1 1927
1 1955
; 1 1956

1 1945

(THE) C A M B R I A & C L E A R F I E L D R Y . — C resson J e t. to near G le n
C a m p bell B ra n ch J e t ., 50 m .; B e lw o o d to F o r d h a m , 65 m .; C resson t o Irv o n a , 27 m .; K a y lo r to B la ck L ic k , 37 m .; V ail to G ra m p lo n , 49 m .; B ra d le y
J e t. to C h erry T r e e , 18 m .; bra n ch e s, 153 m .; t o ta l. 390 m .
A c o n s o lid a tio n
A u g . 1 1903.
V . 78, p . 828 . S t o c k , $ 4 ,8 3 3 ,8 5 0 , all o f w h ich Is o w n e d b y
P e n n . R R . C o . , w h ich op e ra te s r o a d .
A full a b s tr a c t o f m tg e . se cu rin g 5s o f
1891 w as In V . 52, p . 976 . O f th e b o n d s , $50 0 ,0 0 0 first 5s w ere on J a n . 1
1909 o w n e d b y th e P e n n . R R .
F o r y e a r e n d in g D e c. 31 1908, gro ss, $ 2 ,­
564 ,314 ; net, $34 7, i87; o th e r In com e, $4.),240 ; In t., ta x e s , A c ., $ 3 7 .j,3 5 6 ;
b a l., s u r ., $ 2 1 ,3 7 0 .— (V . 7 7 , p . 298 .)
C a m d e n & B u r l i n g t o n c o u n t y r r .— ow ns from Pavonia, n . j .
to P e m b e r to n , N . J ., 22 .3 5 m iles; b r a n c h . B u rlin g to n , N . J .. t o M o u n t
H o lly , 7.12 m .; c o n n e c tio n w ith P . & L . B . R R . at B irm in g h a m , N . J .,
0.3 9 m .; to ta l. 29.86 m . O perated b y P en n. R R ., w h ich gu a ra n tees 6 %
o n s t o c k . S to c k , $ 38 1,92 5: p a r , $25 . I n 1908, gross, $32 2 ,3 9 5 ; n e t, $310;
loss t o lessee u n d e r ren ta l, $ 3 7 ,1 0 5 .— (V . 64, p . 37 3 .)
C A N A D A AT LA NT IC R Y . — O w n s D e p o t H a rb o r, O n t ., o n G eorgian
B a y . via O tta w a , to V e r m o n t S ta te line, 3 96.41 m .; tra ck a ge t o S w a n t o n .V t ,,.
A c ,9 .8 2 m iles; leases for 99 years Cen tral C ou nties R y .,G l c n R o b e rts o n t o
H a w k e sb u ry , 22.24 m .. and S ou th In dian to R o c k la n d , 16.25 m .; ow n s
greater part o f s to c k o f P e m b ro k e Sou th ern R y . bran ch from P e m b r o k e to
G olden L a k e . 21 m . (V . 8 2 , p . 4 5 1 , 1101); to t a l, 466 .08 m . T h e G rand
T ru n k acqu ired the road and to o k It o v e r S e p t. 30 1905. V . 8 1 , p . 1174
C anada A tla n tic T ran sit C o ., $1,0 0 0 ,0 0 0 s t o c k , op e ra te s stea m ers, P a rry
Sou n d to D u lu th , M ilw aukee and C h ica go. V . 89, p 954; V 70. p. 279.
T h e 50 y r . 4s o f 1905 (a u th o riz e d Issue, $ 1 6 ,0 0 0 ,0 0 0 ; R o y a l T ru s t C o .,
M on treal, trustee) are g u a ra n te e d , prln . an d In t., b v the G ra n d T r u n k ;
the unissued b o n d s are reserved fo r fu tu re re q u ire m e n ts. V . 7 9 . d . 96 7 .
113 1, 1641, 2454; V . 80, p. 1058. 1727, 2343; V . 8 7 . d . 1477.
T h e s to ck h o ld e rs o f th e C en tral C ou n ties R y . w ere t o v o t e o n A u g . 25­
1909 o n a u th o rizin g an Issue o f $ 4 7 5,00 0 “ A ” b o n d s o n 37 m iles.
A s to P e m b ro k e S ou th ern gu aran teed b o n d s, see V . 82. p. 451 , 1101
S T O C K .— $8 109.100 c o m m o n and $ 1 ,0 0 0 ,0 0 0 p re fe rre d , all Issued.
R E P O R T .— In 190 7-0 8, gro ss, $ 2 ,0 3 5 ,4 1 7 ; n e t, $66 ,765 ; Int. on b o n d s ,
$ 60 4,40 7; ta x e s , $36 ,1 6 1 ; rentals and o th e r fixed ch arges. $ 2 5 ,0 0 0 ; b a l.,
d e f ., $ 5 9 8 ,8 6 4 .— (V . 8 7 , p . 1477; V . 88, p . 623; V . 8 9 , p . 34 7 , 528, 77 7 .)
C A N A D A M IC H IG A N & C H IC A G O .— B o n d s w orth less — (V 63 p 8 3 8 .)
C A N A D A SOUTHERN R Y . — (See M a p s N . Y . C ent. & H u d . R lv . R lt.) —
R O A D . -M a in line from Su sp en sion B rid ge s ta tio n , Including the C a ntilever
B rid ge , to W in d so r O n t ., 226 m .; bran ch es to C o u rtrlg h t. O n t ., A c ., 231 m .:
to t a l. 457 m ., o f w h ich 85 m iles arc n o m in a lly ow n e d b y p ro p rie ta ry c o m ­
pan ies. T ra c k a g e . S t. T h o m a s to L o n d o n , O n t ., 15 m . D o u b le t r a c k .152 m .
D e tro it R iv e r T u n n e l, u n d er c o n s tr u c tio n , see M ichigan Cen tral R R
O R G A N I Z A T I O N , E T C .— T h e c o m p a n y w as ch a rte re d In C a n a d a F e b .28
1868 and d e b t re a d ju s te d In 1878.
In 1903 m a d e a new lease to M ich . C e n t,
fo r 999 y e a rs, th e la tte r gu a ra n te e in g d iv id e n d s o n th e s to c k at 2 ) 4 % y e a rly
t o 1910, th e re a fte r 3 % ; also a u th o r iz in g a m tg e . to retire e x is tin g b o n d s
an d p a y fo r im p ro v e m e n ts .
V . 7 6 , p . 1191, 1247; V . 77, p . 950; V . 84,
p. 80 3 . T h e $1 4 ,0 0 0 ,0 0 0 1st 5s m a tu rin g J a n . 1 1908 w ere e x te n d e d 5
years at 6 % Interest, p a y a b le In g o ld , b y the iMlch. C en t. R R .
V . 85, p .
1401 1645.
F o r m . V . 86, p . 1 0 4 1 .— ( V . 85, p . 1401, 1645; V . 8 6 , p . 104 1 .)
C A N A D I A N NORTHERN R A I L W A Y . — (See M a p . ) — Operates f r o m
P o r t A rth u r, O n ta rio , on L a k e S u p e rio r, to W in n ip e g , a n d th e n ce Into
N orth w estern C an ada.
M ile s .
M ile s .
P o rt A rth u r t o W in n ip e g _______ 439
B ra n d o n J e t. t o C a rb erry J e t ___
23W in n ipeg t o K a m s a ck ___________ 279 D e lta J e t. t o D e lt a _____ _________
15
Stanley J e t. t o G u n llln t_________
67 N eepaw a J e t. t o M cC reary J e t - 70
E m erson J e t. to S o . J e t ----------73 K a m sa ck to E d m o n to n --------------- 548
C arm an J e t. t o B e l m o n t .............. 119 S lfto n J e t. t o W ln n e p e g o s ls ------21
P o rta g e J e t . t o In tern a tion a l
T h u n d e rh lll J e t. t o E n d o f S t e e l.
20
B o u n d a r y _____________________
63 O aklan d t o T o t o g a n _____________
17
M orris to S o m e r s e t_______________
62 B a ttle fo rd t o B n ttle fo rd J e t ------8
H a rtn e y J e t. t o B r a n d o n ________
40 E d m o n to n t o M o rln v llle------------23
B elm on t t o V lr d e n ...........................
91 E d m o n to n t o S to n e y P la in s ------21
G ilbert Pis. J e t. t o P rin ce A l b e r t .361 G reen w ay t o A d e lp h a ............ —
52
R ossh u rn J e t. t o R o s s b u r n ____
79 O ak P t . J e t. t o Oak P o in t .............
60
W in n ip e g T ra n sfer L i n e ...............
11
A riz o n a J e t . to M orris and B ra n ­
d o n J e t ..............................................
77 Q u ’A p p .L o n g L . A S ask . (leased ) 256
T o ta l Ju n e 30 1908 (In clu d in g a b o u t 710 m iles le a s e d )-----------------------2 ,8 9 5
E x ten sion fro m B ra n d o n , M a n ., to R e g in a . S a s k .. 220 m iles, w as o p e n e d
In N o v . 1908.
H as tra ck a g e rig h ts o v e r C a n adian P a c ., S u d b u r y to P o r t A r th u r , O n t.
In O ct. 1909 th e B ritish C o lu m b ia n G o v e rn m e n t ag re e d to gu a ra n te e theInterest a t 4 % o n b o n d s to b e Issued a t $35 ,000 p er m ile , to co n s tr u c t a
lin e across th e R o c k ie s fro m Y e llo w h e a d Pass to V a n c o u v e r an d Pacifictid e w a te r, a b o u t 600 m iles, to b e co m p le te d w ith in fo u r years.
O R G A N I Z A T I O N .— T h e M an ito b a lines o f the N orth ern P a cific R y
351 m iles, are s u b le t fro m th e P r o v in cia l G o v ’ t fo r 999 years fro m M a y 3 0
1901 a t $210,000 a n n u a lly fo r the first ten yea rs, then $22 5,00 0 fo r ten yea rs,
then $275,000 fo r ten years, and th e re a fte r $30 0 ,0 0 0 , w ith o p tio n o f p u r­
chase fo r $ 7 , 000 , 000 . M an itoba G o v ’ t has o p tio n t o purch ase en tire Drope r ty In 1929. V . 72, p . 437; V . 73, p . 615. C a nadian N o rth e rn R y . S y s te m
Term inals In c o r p o r a te d S e p t. 1907 w ith $ 2 ,0 0 0 ,0 0 0 s t o c k . V . 8 5 , p. 863 .
T h e allied Canadian N o rth e rn 'O n tario an d th e C anadian N orth ern Q u e b e c
railw ays w ill a ffo rd a ccess to T o r o n t o , O tta w a , M on treal, Q u e b e c, A c .
In M ay 1907 th e Interests w h ich c o n tr o l the C anadian N o rth e rn
R y . a cq u ire d c o n tr o l o f Q u e b e c A L a k e S t. J o h n R y ., w h ich c o m p a n y Is
now op e ra te d u n d er th e sam e m an agem en t as the C a nadian N orth ern Q u e ­
bec R y .
L in e fro m Q u e b e c to R o b e r v a l, on L a k e S t. J o h n , 100 m ., w ith
bran ch es C h a m b o rd t o C h ico u tim i, 51 m ., a n d fro m La T u q u e J e t. to La
T u qu e, 40 m .; G o sfo rd b r a n c h , 5 )4 m .; to t a l, 286 )4 m ile s . V . 83, p .
1348, 1410; V . 84, p . 1181; V . 87, p . 1477.
In D e c. 1908 th e s to c k o f the D u lu th R a in y L a k e A W in n ip e g R y ., e x ­
te n d in g fro m V irgin ia , M in n ., n orth to In te rn a tio n a l Falls, 98 m ., w as
a cq u ire d b y the sam e Interests as co n tr o l the C a nadian N orth ern R y ., an d
will be e x te n d e d to D u lu th , 75 m iles.
In co n n e c tio n w ith th e a c q u is itio n
o f the a b o v e c o m p a n y , there has been org a n ize d the D u lu th W in n ip e g A
P a cific R y ., w h ich w ill c o n tro l the D u lu th R a in y L ake A W in n ip e g a n d c o n ­
stru ct th e e x te n sio n fr o m V irgin ia , M in n ., to D u lu th , a b o u t 75 m ., a n d




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R A IL R O A D S
F o r exp la n a tion o f colu m n headings, cfee., sec notes
on first page o f tables.
C anadian Nor— L M an R y & Can Co 58,000 p m l
C a n adian N orth D iv 58,000 per m i l e ............. .. I G uar
M a n ito b a A S E (a ssu m ed , S8;000 per m ile I
G i'b e r t P lains B ran ch 58,000 per m ile _______V b y
O n ta rio D lv 1st M d eb £ 4 0 ,7 0 0 are 4 ^ 5 _____ I M an
M a n itob a B ran ch l i n e s . ...................................... (G o v t
F irst c o n s d eb M (M an lines) $10,000 p m .c A r J
M a n itob a P ro v in c ia l b o n d s, $8,000 p e r m ile ...............
P e rp etu a l co n s o l d eben tu re s to ck (V 81 p 1 6 0 9 ). . . .
F irst M d eb stk $13,000 p m guar b y C anadian G o v t
1st M s to c k $13,000 p m gu ar b y D o m o f C a n a d a ..
F lrs t m tg e d eben s to c k g u aran teed b y Saskatch ew ai
do
do
gu aran teed b y A lb e r t a _______
W in n ip e g T erm in a ls m tge g o ld gu ar b y M a n ito b a , c
Q u ’ A p L on g L a ke A Snsk 1st M £1 ,050,000 gu a r . .
1st land g ran t M red 110 (m o n e y d e p o s to redeem )
do
do
£1,027,400 red 105 t o J u ly ’ 17
:k 1st M ser A p a rt d u e y e a r ly .
p erlal R ollin g
do
do
ser B to F $21 0,00 0 due y ’ rly
do
do
ser G $45,000 due y e a r ly ___
do
ser H $60,000 d u e y e a r ly ___
do
do
do
ser K $10 0,00 0 d u e y e a rly
do
do
ser I, 5250,000 d u e y e a rly .
do
do
p a rt due y e a rly (V 85 p 599)
do
do
ser N & 0 5 2 0 0 .0 0 0 due y l y .
do
do
ser P $10 0,00 0 due sem -a n .
do
do
ser Q due 527 ,4 0 0 q u a r
do
do
ser R $170,000 y r l y _______ c*
do
do
ser S $ 1 0 0 ,0 0 0 ______________ c*
do
do
ser T $ 1 5 0 ,0 0 0 ______________ c*
C a n adian N orthern O n ta rio— G uar d e b s to c k (see text)
P erp etu a l con solid a ted deben tu re s t o c k _____________
Can Nor Q u e b e c — Gr N o r con s M $ 7 ,9 6 2 ,0 0 0 (te x t) .C e
P erp etu a l gu aran teed d eben tu re s to ck (see t e x t ) ___
C a nadian P a cific— S to c k 5 20 0,00 0,0 00 a u th o r iz e d ____
P referred s to c k lim ited to 4 % non c u m u la tiv e ____ r

M ile s
of
Road

D ate
of
B on d s

125
177
108
27
287

__
__

1904

_„_

___
___

_

249
___
___
___
___

_
__
___
_
___

___

268
___
___
_
_

1903
1908
1909
1909
1909
1906

$ & £

__

1907
1902
1903
1904
1904
1905
1906
1906
1907
1907
1908
1909
1909
1908
1909
1904

__
__ __

£100
Ac
$ ,000
1

£1 0 0

$ or £
$ or £

500 A c
500 A c
500 &c
500 A c
500 A c
500 &c
500 A c

_
_

___

...

1
00
1
00

bu ild bra n ch es a n d spurs, & c ., fo r Industrial an d m in in g pu rposes; also d o c k s
a t D u lu th , w here v a lu a b le sites (o r term in als h a ve a lr e a d y b e e n se cu re d .
V . 8 7 , p . 1604; V . 8 8 , p . 563, 821.
T h e Q u ’A p p e lle L o n g L a k e A S ask atch ew an IU t. & S . B . C o. e x te n d s fro m
R eg in a to Prince A lb ert, 256 m iles. C o n tro l o f this c o m p a n y w as a cq u ire d
b y th ose In c o n tro l o f the C anadian N orth ern R y . In D e c. 1906, h olders o f
the o u ts ta n d in g $ 3 ,8 0 9 ,1 4 0 b o n d s b ein g offered a t the ra te o f £107 fo r each
£100 b o n d In 4 % d eb en tu re s to c k , p rln . an d Int. g u aran teed b y the C ana­
d ia n N orth ern R y . C o. T h e Q u ’ A p pelle L o n g L a k e A S ask . R R . A S. B.
C o. w as leased to the Canadian N orthern R y . C o. an d has been op e ra te d
sin ce D ec. 14 1906. V . 83, p . 214, 324 , 688 , 1036.
S T O C K A N D B O N D S .— S to ck a u th o riz e d , $65 ,0 0 0 ,0 0 0 ; par, $100. N on e
o f this s to c k has y e t been p u t on the m arket.
In 1903-08 £1,9 4 2 ,7 5 0 4 % co n s o lid a te d d e b e n tu re s to c k w as Issued u p on
m ileage, and to purch ase securities o f va rio u s c o n tro lle d pro p e rtie s d e ­
p o s it e d w ith th e N a tion a l T ru st C o.
V . 76, p. 1247; V . 77, p . 87; V . 80,
p . 996; V . 8 1 , p. 1609; V . 86, p. 1099; V . 87, p . 36.
£1,9 2 3 ,2 8 7 3 % first m tg e . d eben tu re s t o c k , gu aran teed b y D o m in io n
G ov e rn m e n t, d a te d J u ly 29 1903; trustees, B ritish K m p lre T ru s t C o ., L t d .,
L o n d o n , K ngland, an d N ation a l T ru st C o ., L t d ., T o r o n t o , first charge on
th e line fro m G rand V iew to K d m o n to n , 620 m iles, a t $ 1 3 ,0 0 0 p er m ile,
su ch first ch arge t o b e , h ow ev e r, lim ited t o $10 ,000 per m ile In re sp e ct o f the
line fro m G rand View to the w estern b o u n d a r y o f M a n ito b a .
A d d itio n a lly
secu red b y first lien on the ex te n sio n o f the P rin ce A lb e rt bran ch to P rin ce
A lb ert fro m a p o in t 100 m iles east; b y s e co n d lien on th e p o rtio n o f the
P rin ce A lbert bra n ch ru n n in g from E rw o o d t o a p o in t 100 m iles fro m P rin ce
A lb ert, an d b y charge on o th e r lines then co n s tr u c te d —an a ggre ga te o f
918 m iles. V . 80, p . 1234; V . 76, p . 1299.
£2,4 3 6 ,2 0 0 4 % first m tg e. co n s o lid a te d d e b e n tu re b o n d s, prln . an d lnt.
gu a ra n teed b y the G ov ern m e n t o f M an itob a , d a te d Jun e 3.0 1904, secu red
b y first m tg e. t o N ation a l T ru st C o ., L t d ., T o r o n t o , O n tario (n o t e x ce e d in g
$10,000 per m ile ), c o v e r in g certain lines In the P r o v in c e o f M an itoba
a m o u n tin g t o a b o u t 1,185 m iles, a p r o p o r tio n o f the a m o u n t o f this Issue
bein g h eld In trust b y th e N ational T ru st C o ., L t d ., fo r the e x ch a n g e o f the
fo llo w in g Issues y e t ou tsta n d in g ;
(a) £105,300 M an ito b a 8c S ou th ea stern
4 % first Hen o n 108 m iles, W in n ipeg to ea ste rly b o u n d a r y o f M an ito b a
(b y an “ a m a lg a m a tio n ag re e m e n t” betw een the C a nadian N orthern R y .
and the
a n lto b a A S ou thea stern R y ., all o u ts ta n d in g o b lig a tio n s o f la tter
road
er assum ed b y the C anadian N orth ern R y .) ; (b) £233,700 Canadian
N orth ern R y ., S lfton b ra n ch , 4 % b o n d s secured on 197 m iles, S ifto n J u n c ­
tion to E r w o o d , gu a ra n teed , p rln . a n d ln t ., b y M an ito b a G o ve rn m e n t
(c) £10,000 L a ke M an itob a R y . & Canal C o . 4 % b o n d s first lien on 125 m iles,
G lad ston e t o W ln n ip eg osls, guaran teed as t o prln . and ln t. b y th e M anitoba
G o v e rn m e n t; (d) £1 700 G ilbert Plains 4 % b o n d s, a lien on 27 m iles. D au ­
p h in to G rand V iew , g u a ra n te e d b y M an itoba G o v e rn m e n t.
V . 80, p. 116;
V . 78, p . 1274; V . 79, p . 2794; V . 81, p. 1607; V . 8 2 , p. 568.
T h e W in n ip e g T erm in a ls 4s o f 1909, o f w hich $ 3 ,000,000 h a ve b e e n s o ld ,
a re g u a r a n te e d , p rln . an d In t., b y e n d o rse m e n t b y the P ro v in ce o f M an i­
to b a ; a d d itio n a l b on d s m a y be issu ed an d g u a ra n te e d o n a u th o riz a tio n
o f th e L e g is la tiv e A s s e m b ly o f M an itoba fo r fu rth er e x p e n d itu re s . T h e
G rand T ru n k P a cific w ill p a y a b o u t $97,500 y e a r ly fo r use o f term in als
(as a gain st $120,000 ann ual Interest o n b on d s Issued) an d fu rth e r rentals
m a y be a rra n g ed . V . 89, p . 665.
L A N D G R A N T B O N D S .— $ 2 ,0 0 0 ,0 0 0 first m tg e . 4 % lan d g ran t b o n d s
are secured b y 1,365,333 a cres o f land g ran t su bsidies fro m D o m in io n o f
Canada.
V . 85, p. 1205; V . 76, p. 1083; V . 75, p . 183, 549; V . 8 1 , 0 . 2 6 3 .
£1,0 2 7 ,4 0 0 F irst M tg e. 4 % Land Grant D ebenture R onds.— T h ese b o n d s
are secu red on 1,2 5 0 ,0 0 0 acres o f land (sp e cia lly set aside as p er sch edu le
In m tg e.) In the P rov in ces o f M an itoba an d S a sk a tch e w a n , o f w h ich 239 ,000
acres h ave, since sales o f the land co m m e n ce d In 1907, been so ld i pro ce e d s
o f w h ich h a ve been paid o v e r to the trustees.
£40,000 o f the a b o v e issue
has been a lrea d y retired, as p ro v id e d In the trust d eed secu rin g the Issue
d a te d J u ly 1 1907.
V . 87, p . 479, 1477; V. 8 8 , p . 1126.
In J u ly 1908 the D o m in io n G overn m en t agreed t o gu aran tee prln . and
ln t. o f 3
5 0 -yea r b on d s o r d eben tu res to be Issued a t $13 ,000 per m ile
on 609 m iles o f bran ch es In M anitoba an d S a sk a tch e w a n , an d c o n tra cts are
u n d er w a y fo r con s tru ction o f these lines.
V . 88, p .3 4 6 , 821; V .8 7 , p. 1159.
In Ju n e 1909 £600,000 4 % first m tg e . d e b e n tu re s t o c k , prln . and ln t.
g u aran teed b y th e G ov ern m e n t o f the P r o v in c e o f S ask atch ew an and
£600.000, prln . an d ln t ., guaran teed b y th e G o v e rn m e n t o f the P rov in ce
o f A lb erta , w ere olfere 1 In L o n d o n , secu red b y separate deeds o f trust,
the a m ou n ts n ow Issued b ein g a t $13,000 per m ile, w ith the rig h t reserved
to Increase the a m o u n t t o $15,000 a n d to Issue a d d itio n a l s to c k o r b o n d s
secu red b y said deed s fo r a d d itio n a l lines In said p r o v in c e s .
V . 8 9 , p . 40
V . 88, p . 1497, 1619.
E A R N I N G S .— 12 m o s .,1 1 9 08-09____ G ross, $ 9 ,6 6 8 ,9 0 0 ; n e t, $2,7 9 5 ,4 0 0
J u ly 1 to Jun e 30.
] l9 0 7 - 0 8 ____ G ross, 9 ,0 1 2 ,4 0 0 ; n e t, 2,4 8 4 ,0 0 0
F o r 3 m on th s en d in g S e p t. 3 0 , gross, $ 2 ,3 7 7 ,6 0 0 In 1909, a g ain st $ 2 ,0 2 7 ,­
800 In 1908; n e t, $ 64 0,10 0, again st $ 53 4,70 0.
R -------R - • - e p.o .... V th e J ..... e n d in g U e 30 1908 * T . 87, p . 1150,
- EPO
------------ R
T .—
r t fo r .»^ y e a r
‘. Jun
V
W
In V .
sh ow s:
1907-08.
1906-07.
1905-06.
1904-05.
M iles Jun e 3 0 ------------------------2,894
2,639
2,482
1,876
G ross e a r n i n g s -----------------------$ 9,709,462 $ 8 ,3 5 0 ,1 9 8 $ 5 ,9 0 3 ,7 5 5 $ 4 ,1 9 0 ,2 1 2
O p era tin g exp en ses & U x c s l o ’,676’, 775 5 ,424,164
3 ’, 6 7 4 ’,732 2’, 644,730

l

V,
,,

N et ea rn in g s ---------------------- $ 3 ,032,687 $2,9 2 6 ,0 3 4 $ 2 ,229,023 $ 1 ,5 4 5 ,4 8 2
I n t . b on d s gu ar, b y G o v t.o f
$62 4,72 6
$59 1,05 8
$57 7,30 7
M a n it o b a ---------------------------- $658,743
I n t . b on d s gu ar, b y D . o f Can
280,800
280 ,800
167,836
2 7 ,6 9 0
I n t . p erp . con s. d e b . stock
577,539
440,054
315 ,3 6 0
104,471
l n t . on Q u ’A p . L. L . & S. sec.
181.467
____
_______
_______
R en ta ls leased lines, A c ____
223,960
223,960
223 ,960
223,960
In te r e s t on eq u ip m e n t leases
431,248
306 ,949
211,234
195,351
Surplus fo r y e a r .................... $678,930 $1,0 4 3 ,5 4 5
$719,574
$41 6,70 3
O fficers: P r e s ., W illia m M ackenzie; V .- P ., D . D . M ann; 3d V .- P . , D . B.
H an n a; S e c ., W . H . M oore; all o f T o r o n t o , O n t.
D ire cto rs: W illia m M ac­
k en zie, D . D . M ann, Z . A . L a sh , F red eric N lch olls, all o f T o r o n t o , O n t.,
a n d R . M . H o rn e -P a y n e , L o n d o n . E n g la n d .— (V . 89, p . 40, 285 , 605.)




I N T E R E S T OR D I V I D E N D S
A m ount
O utstanding

£100 )
f
£100 \ See j
£ 0 1 te x t .
11
£100 J
l
£100 £1 180,600 4
S lo t 000
£100 £ 2 ,4 3 6 (2 0 0
$500
349.000
£100 £ 4 ,9 4 2 ,7 5 0

1896
1899
1899
1900
1901

___

S iz e , or
Par
V a lu e

R ate
%

W hen
P a yable

4
F A
A
4
4
F A A
4
A 4 4 g J A D 30
4
J A D 30
4
.1 A D 30
4
4
I A D 30
A
M 31-S30
3 y3 J 20-J 20
J
A D
4
J
A 1)
4
J
A
.)
4 g
4
J
A
J
F A A
4 g
4
A
J
J
\1 A N
5 g
5
F A A
5
M A
S

£1 .923,287
See te x t
£600,000
£600,000
3,0 0 0 ,0 0 0
Se ■ te x t
$ 2 ,000,000
See te x t
$70 0,14 8
840 ,000
270.000
$12 3,2 19
$600,000
4'A g
1 ,700,000
400,000
4 '4 g
600 ,000
44 g
1,600,000
4> i g
$.‘128,800
6
1,53 0,000
4 14 g
,000,000
4)4 g
1,500,000
4M g
£1,615,067
4
£800,000
4
$3,678,750
4
£ 1 ,0 3 8 .8 5 5
See text
See t e x t
4
5 2 ,693,666

1

1

34

A
.1
M
.1
F

&
A
A
A
A

O
D
N
1)
A

M & S
M A
S
s
M A
V a riou s
A A O 2
A A O
.1 A D 31
A A O
A A O

W here P a y a b le, and by
W hom

B on d s— P r in c i­
pal; W hen D u e
S tocks— I.ast
D ivid en d

A u g 1 1926
Feb 1 1929
Can B k o f C o m , N Y ; A L o Feb 1 1929
M ov 1 1030
L o n d o n and T o r o n to
June 30 1930
June 30 1930
L o n d o n , T o r o n to A N Y June 30 1930
Can B k o f C o m m , T o r O ct 1 1930
L on d on . Eng
Irredeem able
do
J u ly 10 1953
Lon don, Eng
1958
Lon don
1939
do
do
1939
L o n d o n , T o r o n to A N Y J u ly 1 1939
Can B a n k o f C o m m , L o n J u ly 1 1936
N at T r C o , T o r . o r L o a d . F eb 1 1919
L o n d o n , E ng.
July 1 1938
C B k o f Com N Y ; o r T o r N o v 1 1909- 12
do
o r L o n d o n . E n g A u g 1 1 91 0-’ 13
do
T o r o n t o o r L o n Sept 1 1909 14
1900 1914
N Y , L o n d o n or T o r o n t o O ct 1 1910 15
June 1 1 9 1 0 -1 6
do
do
N ov 1 1910 16
do
do
June 1 1910- ’ 17
do
do
F e b ’ 1 0 -A u g ’ 17
do
do
Can B a n k o f C o m m , N Y M ay 1912
N Y , L o n d o n and T o r ’ to Mch 1 1910-18
do
do
M ch 1 1910-19
do
do
S ep 1 1910 -’ 19
Can B k o f C o m m e rce ,L o n 1936 an d 1938
6 m os lnt April 2 1910 P erpetual
Can Bk o f C om ,N 5 ;A T o r O ct 1 1934
N Y T o r o n t o A L o n d o n Perpetual
L o n d A 31 Pine St N Y Oct l 1909 3 H
C o m p a n y ’s O T Ice, L on d O ct 1 1909 2 %

C A N A D I A N NORTHERN ONTARIO R Y . — (Sec M a p C a nadian N orthern
R n .)— O w ns T o r o n t o to S u d b u r y , 268 m iles, w ith e x te n sio n s t o S e llw o o d
(M oose M ou n tain Iron m in e s), 33 m iles; bran ch es, 9 m iles; t o ta l, 310 m iles.
F r o m S ellw ood th e m ain line is now being e x te n d e d to w a rd s P o r t A rth u r,
w here a co n n e c tio n w ill be m ade w ith th e C anadian N orth ern R y .
F orty
m iles o f this e x te n sio n will be c o m p le te d this fall. A t a p o in t n o rth o f
S e llw o o d a bran ch line w ill be b u ilt Into the G o w ga n d a S ilver D is trict, thus
secu rin g t o th e Canadian N orth ern O n tario R y . the en tire tr a ffic o f this
Im p orta n t te r rito r y .
T h e e x te n s io n fro m H a w k e sb u ry to O tta w a C ity was
o p e n e d In S e p t. 1909, an d in c o n n e c tio n w ith the C anadian N o rth e rn
Q u e b e c R y . a th ro u gh train se r v ic e w as e sta b lish e d b e tw e e n O tta w a ,
Q u e b e c am i M o n tre a l. O w ns m odern o re -lia n d lln g p la n t a t K e y H a rb o r,
80 m iles fro m M oose M ou n tain Iron m in es.
O R G A N I Z A T I O N .— C o n tro lle d b y sam e in terests as th e Can. N o rth .
C apital s to c k (shares $ 1 0 0 ), a u th o riz e d , $ t , 0 00 ,000 ; issued Ju n e 30 1908,
$ 25 0,00 0.
D e b e n tu re s to c k , 3 ) 4 % , d u e J u ly 10 1936 an d Ju n e 30 1938, In­
terest M ch. 31 and S e p t. 30 and D e c. 31 an d June 30. A u th orized a t $20 ,0 0 0
p er m ile.
P rin cip al a n d Interest gu aran teed b y the G o v e rn m e n t P r o v in c e
o f O n tario.
In Jun e 1909 £800,000 4 % perpetual con solid a ted d e b e n tu re s to c k w as
ofTered In L o n d o n at 92, p a y a b le £5 on a p p lica tio n , £10 on a llo tm e n t, £37
S e p t. 6 1909, £40 on Jan . 6 1910, secured b y first m o rtg age on a line o f
ra ilw a y a lre a d y co n stru cte d fro m H a w k e sb u ry to O ttaw 'a w ith a d d itio n a l
ch arges o n o th e r lin es as fu rth e r s e c u r ity .
V . 8 9 , p. 40, 162.
D I R E C T O R S .— W illia m M acken zie, D . D . M ann, F rederic N lc h o lls ,
W . H . M oore, L . W . M itchell, Z . A. L a sh , all o f T o r o n t o , O n t.; a n d R . M .
H o rn e -P a y n e , L o n d o n , E ng.
P r e s ., W illia m M a ck en zie; V .- P ., D . D .
M ann; 3d V .- P . , I). B . H anna; S e c ., W . 11. M oore, all o f T o r o n t o , O n t.
O ffic e , T o r o n t o , O n t.— (V . 88, p . 230 , 1060; V . 89, p . 4 0 , 162.)
C A N A D I A N NORTHERN QUEBEC R Y . — (Sec M a p C anadian N o r. It;/.)
O w ns m ain line Haw kesbury t o R iviere a P ierre, 169 m iles; M on treal to
J o lic tte , 36 .2 0 m iles; M on tford t o H u b e rd e a u , 33 m iles; S t. Je ro m e to S t.
S a u ve u r, 15.1 m iles; S t. J a cq u e s J u n ctio n to S t. J a c q u e s, 7.2 m iles; Sliaw ln igan J u n ctio n t o Sh a w in lgan , 4 .5 0 m iles: S t. Je ro m e J u n ctio n to S t.
Je ro m e , 1.70 m iles; G arncau to Q u e b e c, 84.19 m iles; to ta l, 350 .87 m iles.
O w ns e le v a to r , ca r sh op s, A c ., at Q u e b e c.
F orm ed In 1906 b y the a m a lg a ­
m ation o f the G reat N orth ern R y . o f C anada, the C h ateau gay A N orth ern
R y . C o. a n d the Q u e b e c N ew B run sw ick A N o v a S c o tia R y . C on trolled
b y the sam e Interests as th e C anadian N orthern R y .
C apital s to c k , $ 1 2 ,5 0 0 ,0 0 0 , o f w h ich $ 3 ,000,000 is issued as s ta tu to r y
s to c k w ith a certa in preferen ce as to d iv id e n d .
S E C U R I T I E S .— On O ct. 22 1906 an Issue o f 4 % p erp etu al d e b e n tu re
s to c k g u aran teed b y th e C a nadian N orth ern R y . w as au th o riz e d to an
a m o u n t s u fficie n t to take u p the b o n d s o f co n stitu e n t c o m p a n ie s, to m eet
c o s t o f lines now u n d er co n s tr u c tio n , p ro v id e fo r co n s tr u c tio n o r a cq u isition
o f a d d itio n a l lines a t n o t e x ce e d in g £4.109 ($20,000) p er m ile o f such lines,
an d w ith the co n se n t o f the trustees fo r th e sto ck h o ld e rs to p ro v id e fo r the
purch ase o f the s to ck s an d secu rities t o an a m o u n t n o t e x c e e d in g the c o s t
th e re o f.
In O ct. 1906 £1,000,000 o f this s to c k w as Issued t o take up the
en tire b o n d Issues o f the C h a te a u ga y & N orthern R y . an d the Q u e b e c N ew
B run sw ick & N o v a S co tia R y . an d $ 1 ,5 1 4 ,5 0 0 b o n d s o f th e G reat N orth ern
R y . C o. o f C anada, and since th at date £38.555 o f s to ck wms Issued to take
up an a d d itio n a l a m o u n t o f G reat N orthern R y . C o. o f C a n ada 4 % b o n d s .
In terest p a y a b le Jun e 30 an d D e c. 31. T o ta l a m o u n t o u ts ta n d in g , £1,­
0 38 ,855 ; secured b y sp ecific first m o rtg a g e u p on a n y securities a cq u ire d as
a b o v e an d d e p o s ite d w ith th e trustees an d b y first general Uen u p on en tire
p r o p e r ty o f c o m p a n y (oth er than land and m o n e y s u b s id ie s ), s u b je c t o n ly
to the b o n d Issues o f the a m a lg a m a te d c o m p a n ie s, w h ich b o n d s w ill be
retired as so o n as e v e r y b o n d o f each series has been ex ch a n g e d fo r s to ck
o f this Issue.
T h e sto ck b o o k s are k e p t a t the L o n d o n o ffic e , B on d C ou rt,
W a lb r o o k , L o n d o n , E. C ., E n g.
V . 8 3 , p . 968; V . 84, p . 693 , 748.
In a d d itio n to th e 4 % perpetu al d e b e n tu re sto ck o u ts ta n d in g there has
also been Issued $3,6 7 8 ,7 5 0 4 % b o n d s o f the G reat N orth ern R y . o f Canada
(guar, as t o prln. a n d Int. b y C anadian N orthern R y .) , o f w h ich the Central
T ru st C o. o f N ew Y ork h olds $6,500 b o n d s fo r e x ch a n g e fo r th e u n cx ch an ged b a lan ce o f G reat N orth ern R y . o f Canada first issue o f 5 % b o n d s.
D I R E C T O R S .— D . B . H an n a. Z . A . L a sh , F re d e ric N lch o lls, W . H
M oore an d F . C. A n nestey, all o f T o r o n t o , O n t.; H . I I . M elv ille, B o s to n ,
M ass.: V. C h ateau vert, H o n . Jules Tessler, S e n a to r, b o th o f Q u e b e c, P . Q .
T h o m a s M cD ou ga ll, the M ayor o f Q u ebec; A . J. M itch ell, T o r o n t o , O n t.
and R . M. H o rn e -P a y n e , L o n d o n , E ng.
P res., D . B. H anna; V .- P .,
H . I I . M elville; 2d V .- P ., F red eric N lch olls; S e c ., VV. H . M o o r e ,, all o f
T o r o n t o , O n t.— (V . 84, p . 693, 748.)
C A N A D I A N PACIFIC R Y . — R O A D .— O w ns a trans co n tin e n ta l railw ay
from M ontreal t o th e P a cific O cea n , m a d e u p ns fo llo w s J u ly 1 1909.
.
M ontreal t o V a n c o u v e r ............... 2 ,9 0 8 1U n der co n s tr u c tio n J u ly 1 1909 403
B ran ch es and a u x ilia rie s-----------2.965 O p era ted a cco u n t o f o w n e r s
262
L eased l in e s .------------------------------ 3 ,91l|
A lso e o n tro lle d bu t o p e r . s e p .—
U sed j o in t l y .......................................
0 4 la M ln n . St. P . A Sau lt S tc . M . .3 ,4 2 5
-------- |a D u lu th Sou th Shore A A t la n tic 593
T o ta l In t r a ffic retu rn s
9 8 7 8 1 rtSee each c o m p a n y ’ s statem ent..
B ra n ch , T o r o n t o to S u d b u r y , 226 m iles, was o p e n e d Ju n e 15 1908.
In Ja n . 1909 p urchase o f c o n tr o l o f W iscon sin Cen tral b y M in n . S t. P a u l A
S au lt S te . M arie w as c o n c lu d e d .
V . 88, p . 157.
H I S T O R Y E T C .— In c o r p o r a te d F eb . 18 1881 u n d er ch a rte r fro m D o ­
m in io n o f C a n a d a , r e ce iv in g $ 2 5 ,0 0 0 ,0 0 0 In cash as a s u b sid y ; also 2 5 ,0 0 0 ,­
000 acres o f la n d , all t o be fit fo r se ttle m e n t
O perates tr a n s -A tla n tic and
P a cific steam sh ip lines; also steam ers t o A laska.
S T O C K .— T h e Issue o f p re fe rre d m ust n e v e r e x c e e d o n e -h a lf the c o m m o n
s to c k .
In 1909 £800,000 p r e fe re n ce s to c k was so ld : to ta l o u ts ta n d in g
J u ly 1909, $ 5 2 ,6 9 6 ,6 6 6 .
V . 89, p. 726. T h e s to ck h o ld e rs v o t e d M arch 19
1906 to Increase the c o m m o n s to c k to $15 0 ,0 0 0 ,0 0 0 ; o f the n ew s to c k ,
$ 20 ,280 ,00 0 w as th en s u b s c r ib e d fo r b y s to ck h o ld e rs pro ra ta a t par.
$ 24 ,336 ,00 0 In 1908 a n d in F e b . 1909 $3,9 8 4 ,0 0 0 w as s o ld , ra isin g the
a m o u n t o u ts ta n d in g to $15 0 ,0 0 0 ,0 0 0 .
V . 8 2 , p. 33 3 , 691; V . 86, p. 601;
V . 8 8 , p. 563. S to ck h o ld e rs v o t e d O ct. 7 1908 to Increase a u th o r iz e d
c o m m o n s to c k to $ 2 0 0 ,0 0 0 ,0 0 0 . $ 3 0 ,0 0 0 ,0 0 0 be in g o lle r c d to c o m m o n
s to ck h o ld e rs o f r e co rd N o v . 15 1909 pro rata at 125, pa y a b le In five e qu a l




IN T E R E S T

R A IL R O A D S
F o r exp la n a tion o f colu m n h eadings, A c . , see n otes
on first page o f tables
C a n a d a C e n tra l R R se con d m o rtg a g e (n o w f ir s t ) .. .
F ir s t m o rtg a g e d eben tures s te r lin g . .................—
1st M o r t on A lg o m a B r g . . . ........... ............ c * A r
C o n so l p e rp e tu a l deben tu re s t o c k ...... ..................S ecu rities o f P r in c ip a l L eased, A c . , L in es.
M a n it o b a S W C o l R y $12,000 per m ile ln t e u a r cold
A t la n t ic A N o rth w e st — 1st m o rtg a g e go ld g u . . c * A r
S t L a w re n ce A O t t a w a — first m o rtg a ge g o ld see text
O n t a rio A Q uebec sto c k gu a ran te e d In p e rp e tu ity . _
O n t a rio A Q uebec deben In tere st g u a r In p erpe tu ity
T o ro n to G re y A B ru c e 1st M go ld Interest a s rental
N e w B r u n s w ic k R y 1st M go ld In t fro m r e n t a l____c*
P e rp e tu al consol deben tu re sto c k . In tere st g u a r . .
C a lg a r y A E d m o n t o n deb sto c k go ld In terest a s rent
B r a n c h line b o n d s $1,040,000 (ow ned b y C a n P a c )
L ln d s a v B o b c a y g A P o n ty p o o l 1st M $700,000 gold

M ile s
of
R oad

D ate
of
B on ds

S iz e , or
Par
V a lu e

%

1880
1885
1888
1889

6
5 g
5 g
4

218
350
58

1884
1887
1876

1,000
£100 A c
£50 A c
$100
£1
£100
£100
£1

_
_

1883
1884
1890
1890
1905
1903

52
40
12
M in n S t P A S a u lt S te M a rie a n d D u lu t h S o u t h Shor e A A t la n tic
C a n e B e lt— See text: a lso A tc h is o n T o p e k a A S a n ta Fe
C a ro lin a C e n t r a l— B o n d s — See Se a b o a rd A ir L in e R y
C a r o C lin c h f & O h io — 1st M $15,000,000 re d 110_F.c*
1908
M o r t g a g e g o ld n otes $5,000,000 red ee m p a r .E q .x c *
1909
E q u ip m e n t g o ld notes ser “ A ” due $130,000 s a . B a
1908
C a r t h a g e & A d ir — 1st M 51,600,000 g o ld g u . U n . c ’ A r
46 1892
C a rt h a g e W a te r & S a c k H a r — 1st M g gu p A I e n d ..
29 1891
C a t a s a u q u a & F o g e ls v ille — F ir s t m tge g o ld _ _ P e P .c *
1898
C a t a w is s a — P re f sto c k s 5 % g u a r P A R R y (see text)
98
F ir s t consol m o rtg age $2,215,000 g o l d _ P e P .c*
_
103 1898
C a t s k ill Mt’n— 1st M ($2,000 n o t e x t from 19 05)____
16 1885

$2,544,000
£1,330,000
£200,000
$2,000,000
£4,007,381
£719,000
£630,000
£904,533
£1,121,700
1.000 $1,040,000
500,000
1,000

— See sta tem e n ts of

Total earnings...................
Net earnings___________
Interest received..................

$76,313,321 $71,384,174 $72,217,528
..$22,955,573 $21,792,366 $25,303,309
2,306,488
2,654,633
2,364,480

Fixed charges_______________
For steamships, A c_________
Dividends on common stock. _
Dividends on preferred stock

$25,262,061 $24,446,999 $27,667,789
. . $9,427,033 $8,770,077 $8,511,756
880,000
880,000
780,000
(6) 9,000,000* (6)7,300,800* (6)7,300,800
.(4)2,107,867 (4)1,916,407 (4)1,736,228

Balance, surplus...............................$3,847,161
$5,579,715 $9,339,005
• Also 1% extra yearly from interest on land sales, viz.:
April 1
and
Oct. 1.— (V. 89, p. 592, 663, 716, 726, 846, 917, 989. 1068.)
CANE BELT RR.— See page 170.
CAROLINA CLINCHFIELD & OHIO R Y .— (See M a p .)— In operation
from Dante, Va., to Spartanburg, S. C., 244 miles. Connects at Bostic,
N. C., with the Seaboard Air Line R y., with which close relations arc
maintained, by which tidewater is reached. V. 88, p. 944; V. 87, p. 670.
Controlled by the Cumberland Corp., which owns the Cllnchfleld Coal Corp.,
whose 285,000 acres of coal lands the road will develop. V. 86, p. 669;
V . 83, p. 154. See Cumb. Corp. Financed by leading N. Y . bankers.




M o n tre a l
B a r in g B r o , & C o , L o n d
B a r in g B r o s A C o .L o n d o n
C o m p a n y ’s office, L o n d .

A
J
A
J
J A l>
A
J
A
J
A
J
F
A
A
J
J 3 A
A
J
J A

5
(6)
6
5
4
5
4
4
4
4

g
4

g
g
g
g

4M

those

1,000 10,000.000
1,000
5,000,000
1,000
2.470,000
1,000
1,100,000
300.000
1,000
135,000
1,000
3,200,000
50
2 215,000
1,000
39,000
1,000
238,000
100 A c
589,110 See
C a y u g a & S u s q u e h a n n a — S t o c k 9 % rental D L A W .
34
30
C e d a r R a p id s Io w a F a lls & N o rth w e ste rn — See C h lca go R o ck ls la nd A P a c IflC R y
C e n tra l B r a n c h — Se e M iss o u ri P a c ific
7.000.000
Ce n tra l of G e orgia Ry — 1st M $7,000,000 g o ld - G . c * A r
312 1895
1,000
1,000 18.500,000
C o n so lid a te d m o rtg age $18,500,000 g o l d . _ M e .c * A r 1,493 1895
1.000
1,000,000
M o b ile D I v 1st M (C o lu m b u s to A n d a lu s ia ) g _ G .c*
_
138 1895
1,000
840,000
M a c o n A N o r th D I v 1st M $840,000 g o ld -_ _ M B a .c *
102 1895
77 1901
1.000
462,000
O c o n D I v 1st M B re w ton to D o v e r 56.000 p m -S .c *

Installments— on Jan. 5, March 9, May 9, July 8 and Sept. 7. The new
stock will be entitled to dividends for the half-year ending Dec. 31 1910.
V . 87, p. 613, 936. 1008; V. 89, p. 917, 1068. In 1908-09 £800,000 pre­
ferred stock was sold. V . 89, p. 726.
DIVS.— *90-’ 94. '95. '96. '97. '98. 99. '00. '01. '02. '0 3 .'0 4 toOct’ 09
•Com. %__15 yearly 0
2H 2H 4 ^ 4
5^ 5 5
5H 6 yearly
Pref. % .-./I s s u e d In 1894. 4 % yearly (2% A AO).
•Also 1 % extra was paid In 1907 from Interest on land sales, viz., H %
April 1 and H % Sept. 30; In 1908 and 1909, 1% (A AO).
BONDS, DEBENTURE STOCK, GUARANTEED BONDS, ETC.—
List of securities held against consolidated debenture stock In V . 89, p. 727.
In July 1909 3128,930,133 debenture stock was outstanding, £2,727,340
being sold In 1909. V . 86, p. 545.
In June 1890 company agreed to guarantee the principal and Interest of
$20,000,000 4 % bonds to be Issued by the Dul. So. Sh. A Atl.; also 4 % Int.
on consolidated bonds of the Minn. St. P. A S. Ste. M., and In 1899 Interest
on the second mtge. 4s of the latter, and In 1901 Interest on $1,254,000
Mineral Range 4 % bonds, the last named being all owned June 30 1909.
Owns Dul. S. S. A Atl. consols. $15,107,000.
S t. Lawrence A Ottawa bonds are endorsed with the Canadian Pacific’ s
acceptance of a 999 years’ lease at a rental sufficient to pay 4 % Interest on
bonds, and the bondholders' agreement to accept Interest at 4 % (Instead of
5% ) and to refrain from demanding principal (due 1910) during lease.
The New Brunswick Railway consolidated debenture stock has Interest
guaranteed by Canadian Pacific; Interest on the 1st mtge. bonds, though
not guaranteed, Is paid out of rental under 990-year lease of 1890.
The Calgary A Edmonton R y. debenture stock Is guaranteed Interest at
4 % under new lease of 1903. V. 76. p. 435; V . 77, p. 636.
The Lindsay Bobcaygeon A Pontypool R y. bonds are Issued under a
09-year lease covering the Interest
V. 77. p. 1225: V 79. p. 2085
The interest on the Aroostook Valley (Electric) R R . 20-year 4 )4 % bonds,
which In Sept. 1909 almost completed a first unit of 12 miles from Presque
Isle to Washburn, Me., Is to be guaranteed. Press reports state an exten­
sion will be built northerly to the St. John River, 110 miles, but the com­
pany does not confirm this statement. V. 89, p. 846.
Car trusts outstanding June 30 1908, $1,630,000.
LANDS.— Lands unsold June 30 1909 were 8,204,556 acres o f Canadian
Pacific grant and 129,984 acres of Manitoba South Western grant, 103,054
Great North-West Central grant, 3,161,921 British Columbia Southern.
76,260 acres of Columbia and Kootenay grant, and 1,265,324 acres of
Columbia A Western grant; total, 12,941,099 acres. The Columbia A
Western R y. claims a further area, which Is In dispute. Total sales In
1908-09. 376.046 acres, for $5,085,517.
GENERAL FINANCES.— In 1902 stockholders subscribed for $19,500,000 new com. stock at par. In 1904 for $16,900,000 and In March 1906 for
$20,280,000, and in Feb. 1908 for $24,336,000 at par, and in Nov. 1909
stockholders will be offered $30,000,000 at 125. V. 74, p. 378; V. 82,
p. 333, 691. In 1907-08 £1,000,000 preferred stock was sola and In 1908-09
£800,000. V. 84, p. 338.
Stockholders on Oct. 3 1907 authorized the Issue of $8,000,000 consoli­
dated debenture stock, viz.: At not over $20,000 per mile, to construct
various branches, aggregating about 300 miles; additional work on the
Sudbury branch, 226 miles, at $10,000 per mile, and three steamers; also
the lease of certain lines, Ac. V . 85, p. 863, 1002. The double-tracking
between Fort William, Ont., and Winnipeg, 427 m ., to be completed In
1909, Will cost about $10,000,000. V. 81. p. 667. 1170. In Sept. 1907
£1,250,000 4% debenture stock was sold and In Feb. 1908 £2,000,000 and
In 1908-09. £2,727.340. V. 85, p. 599; V. 86, p. 545.
In July 1906 the last of the $15,000,000 land grant bonds was paid off,
leaving the land grant unencumbered; on Oct. 6 1909 the balance due on
account of land sales was over $18,000,000, on which 6% lnt. Is received.
This Interest will be used to pay extra dividends on the common stock; 1 %
w as paid during 1907 to 1909. V. 83, p. 817.
EARNINGS.— 2 mos.. J1909.......... Gross, $14,567,015; net. $5,443,929
July 1 to Aug 31.
(1908...........Gross, 12,678,838; net, 4,853,472
ANNUAL REPO RT.— Fiscal year ends June 30. Annual meeting Is
held at Montreal on the first Wednesday In October. The report for 1908-09
at length was in V. 89, p. 663, 726. Annual meeting, V . 89, p. 989. See
also editorial, p. 694.
1907-08.
1906-07.
1908-09.
9,426
9,154
Miles operated end of year________
9,878
Passenger earnings.............................. $20,153,001 $19,900,432 $19,528,878
F r e ig h t ______________________
48,182,520 44,037,598 45,885,968
7,446,143
6,802,682
Mail, express and miscellaneous.............................. 7,977,800

V a r io u s
A
J
J
J A J
A
J
J

s s

£1 0 0
£973,333
£ 1 0 0 A c 34.998 633
£100 A c
3,650.000
£1 A c 128.930.133

671
191
174

W h ere P a y a b le, and by
W hom

R ate

269
3,221
183

OR D I V I D E N D S

W h en
P ayabe

A m ount
O utstanding

D L o n d o n A 31 P in e S t N Y
J B a r in g B r o s A C o , L o n d
15 C a n P a c office, L o n d o n
D M o n tre a l a n d L o n d o n
) M o r to n , R o se , L o n d o n
J T o r o n to a n d L o n d o n
A London
do
do
J
J C a n P a c O ffice, L o n d o n
J C a n P a c O ffice, M on tre a l
J B k o f M o n tr e a l. T o r o n to

1

J

A
A
A
A
A
A
A
A
A

text J
5
5
5
5
5

N o v 1 1910
J u ly 1 1915
J u ly 1 1937
Irred eem able
Ju n e 1 1934
J a n 1 1937
See text
Ju n e 1909 3
Irredeem able
J u ly 26 2882
A u g 1 1934
Irred eem ab le
2002
1955
J u ly 1 2002
20 y e a rs

co m pan les

5g
5
5
4
5
4
5
4
5
6

B on ds — P r in c i­
p a l, W h en Due
S tocks — Last
D ivid en d

A

D B l a ir A C o , N e w Y o r k
J New Y o rk
D
do
do
D G r a n d C e n t S ta tio n , N Y
do
do
J
J R e a d in g T e rm in a l, P h lla
N C o m p a n y ’s O ffice, P h lla
O
do
do
A T a n N a t B k C a t sk ill N Y
2 .9 1 0 4 2 % pa id In S e p t’07
j 30 P in e Street N e w Y o r k

A
A
A
A
A

A G u ara n ty T ru st
N
do
do
J
do
J
D
do

g
g
g
g
g
g

g
g
g
g
g

J
J
J

.J

J
M
A
F

F
M
J
J
J

Ju n e 1 1938
J u ly 1 1919
D e c *09 - D e o ’ I f
D e c 1 1981
J u ly 1 1931
J u ly 1 1928
M a y 19 1909 2 H
A p r 1 1948
A u g 1 1915
A u g 1 1915
J u ly 1909
4H

Co N Y N o v
Nov
do
J an
do
J an
do
Dec
do

1
1
1
1
1

1945
1945
1946
1946
1945

Name changed In March 1908 from South & Western R R ., stock being
increased to $30,000,000, of which $15,000,000 Is 6 % preferred a » «
$15,000,000 common.
BONDS.— The first mtge. has been authorized to secure $15,000,000 3
year 5% bonds dated June 1 1908, of which $3,000,000 were used t*
retire the old bonds (3 Issues) to the same amount deposited as collateral for
the Cumberland Corporation 1-year notes of 1908; In Aug. 1908 $10,000,00$
bonds were sold. The mtge. Is secured on the road from Dant • Va.,
,
to Spartanburg, S. C.. 245 m. V. 86, p. 667, 856; V. 8H, p. 944. In Feb
1909 $2,600,000 equipment notes, ser. r‘ A ," were sold. V. 88, p . 451
In July 1909 $5,000,000 10-year 5% mortgage gold notes following U
lien the $10,000,000 first 5s of 1908 wero sold. They are subject to call as
a whole or may be drawn In part by lot. V. 89, p. 285.
Mark W. Potter, Chairman of Board. 24 Broad St., N. Y .— (V .89,p.288.)
CAROLINA & NORTHWESTERN RY.— See page 170.
CARTHAGE & ADIRONDACK RY.— See page 170.
CARTHAGE WATERTOWN & SACKETT S HARB. RR.— See page 17f.
CATASAUQUA & FOGELSV1LLE RR — See page 170.
CATAWISSA RR.— Owns fr«*m Tamancnd. Pa., to Newberry Jet., Pa..
102.89 miles; second track, 38.69 miles; total, 216.01 miles. Re-lease*
Dec. 1 1896 for 999 years to Philadelphia A Reading Railway. Rental,
Interest on bonds, 5% dividends on preferred stock, all taxes and $8,00#
for organization expenses. See also V. 63. p. 969, 1116. Of the preferred
stocks, in 1906 $2,200,000 was first preferred and $1,000,000 second pre­
ferred, and common was $1,150,500; par, $50.— (V. 72, p. 1187.)
CATSKILL MOUNTAIN R Y — See page 170.
CAYUGA & SUSQUEHANNA RR.— See page 170.
CENTRAL BRANCH RY.— S e Missouri Pac fic.
CENTRAL OF GEORGIA R Y .— (See M a p .)— System Includes:
Lines owned in fee—
M iles.
Lines leased— (see these cos.) Mites.
Savannah to Atlanta---------- 295
Southwestern R R .—
Gordon to Porterdale______
86
Macon to Eufaula---------------- 144
Columbus to Birmingham, Ala. 156
Fort Valley to Perry----------- 12
Columbus to Amerlcus-------62
Fort Valley to Columbus-----71
Montgomery to Eufaula, A la ..
80
Smlthvllle to Columbia_____
85
Columbus to Greenville, Ga_
_
49
Cuthbert to Fort Gaines-----21
Opelika to Roanoke..............
36
Augusta & Savannah R R .—
Mlllen to Augusta.............— 53
Eufaula to Ozark--------------60
Griffin, Ga.,to Chat.,Tenn.. Ac. 198 Chattahoochee & Gulf R R .—
Chlckam auga to Durham...........
18
Columbia to Lockhart--— 91
Savannah to Tybee_________
18
Trackage ------------------------------3
Columbus to Andalusia____ 138
Macon Junction to Athens------ 102
Total oper. July 1909...........1,916
Brew ton to Dover__________
77
Barnesvllle to Thom aston.-----16 Also Meldrlm to Lyons, 58 miles
(leased to Geo. A Ala. R y .—
Lyerly B ranch................
9
Upper Cahaba Branch--------12
Seaboard Air Line system).
Greenville to Raymond------24
Ocean Steamship Co., estimated
equivalent of-------------------------- 300
Total owned (and oper.)-- 1,436
ORGANIZATION.— Organized Oct. 17 1895 and Nov. 1 succeeded to the
iropertles of the Central R R . A Banking Co. of Georgia, foreclosed, per plan
n V. 60, p. 1008. and V. 61, p. 68. Controls Wrlghtsvllle A Tennlllc and
Wadley Southern R y., all of the bonds of the latter being owned and de­
posited to secure short-term notes due March 1 1912. V. 85, d . 605.
In June 1909 the $5,000,000 stock was acquired by the Illinois Central,
but the road is operated Independently. V . 88, p. 1559; V . 84, p. 1556;
V . 85, p. 1082, 1268; V . 86, p. 667.
BONDS.— The first mortgage of 1895 (described In V. 63, p. 1160) Is a
first lien on the main line from Atlanta to Savannah, Including the Mllledgevllle branch (312 m. In all), all equipment and appurtenances, and the equity
in $1,995,000 stock of Ocean SS. Co. V. 84, p. 529, 605; V. 87, p. 550,
Application for listing firsts and consols In V. 63, p. 1160.
The consol, mort. (see abstract V. 61, p. 873; also V. 63. p. 1160; V . 83, p.
1347) Is a first lien upon 600 m. (Including former Mont. A Eufaula R R .,Sav.
A Western and Sav. A Atl.); also on the leases of the South Western and
Augusta A Savannah roads and the stock of New England A Savannah
Steamship Co., and a second lien upon the main line. Its equipment, Ac.,
and also on the Macon A Northern, Mobile A Girard, and other divisions.
It also covers all leaseholds, securities, Ac. V. 85, p. 605; V . 89, p. 777.
Collateral trust mortgage abstract was 1 1 V. 45, p. 242.
1
The Chattanooga Division mortgage Is a first lien on the former Chatta­
nooga Rome A Southern R R .. Carrollton, Ga., to Chattanooga. Tenn.,138
miles, and Durham to Chlckamauga. Ga.. 17 miles, with branches, In all 164
miles, subject to $343,000 old 5s, for which a like amount of bonds Is re­
served. V. 72, p. 1134; V. 78, p. 1446.
Upper Cahaba Branch bonds are secured by coal lands In Northern Ala­
bama. also by road Henry Ellen to Margaret, Ala. V. 81. p. 920. 1099.
PREFERENCE INCOMES.— These bonds, subject to the prior mort­
gages, cover the main line and the former Savannah A Western, Columbus
A Rome, Montgomery A Eufaula, Mobile A Girard, Macon A Northern and
Savannah A Atlantic and other railroads, and their equipment, Ac. They
are non-cumulatlve and bear Interest not exceeding 5% In any ° nc hscal
year, but payable only out of net earnings as declared. In Oct. 1905 it
was arranged’ to attach coupons to Income bonds. V . 81, p. 974, 1174.
Divid. (% )— '96. '97. '98. *99. '00. '01. *02. ’03. '04. '05. '06. '07. ’08. '09
1st Incomes 1H 2>£ 2
2 3 ^ 5
3
5
5
5
5
5
0 0
2d Incomes 0 0 0 0 0 0 0 0 2 5 5
3.729 0
0
3d Incomes 0
0
0
0
0
0
0
0
0
5
5
0
0 0
In Oct. 1907 the holders of $2,498,000 second preference and $1,350,000
third preference Income bonds had deposited their bonds with a committee
(Jos. S. Dale, 52 William St., N. Y ., Sec.). V . 85. p. 529, 605, 653, 721,
792; V. 87, p. 1477. In Aug. 1909 the lower court held that the full 5%
should be paid on the 2d and 3d income bonds out of earnings of fiscal year
1906-07. V. 88, p. 1436; V. 89, p. 592. In 1908 a majority of first Income
bonds had been deposited with a committee (Metropolitan Trust Co. of
New York, depositary; Jos. S. Dale, Sec.). V 87, p. 740, 1418

F

RAILWAY STOCKS AND BONDS.
O ct .. 1909.]



itA il.H U A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on first page of tables.
C en t o f Ga R y — (C ou ) — E a to n to n B r ls t M n o t gu t
Mid G a A A tl D lv 1st (con sol) M $9,000 p m ___G .c '
C h a tta n oog a D lv p u rch m o n e y M $ 2 ,4 0 0 ,0 0 0 g - S . c '
C h a tta n o o g a R o m e & S o 1st M $50 0,00 0 g - U n .c '
G reen v A
2d
do
do
) gold If e a rn e d ______________
3d
do
d o J n o n - c u m u la t lv e __________________
C entral R R & Bk coll tr bond s gold red at 1 1 0 -C s .c*
E q u ip m en t trust n otes J u ly 1 1 0 0 9 ___________
E q u ip m en t trust series H $51,000 s-a (V 82 p 2 1 7 ).
E q u ip trust series I $115,000 s-a (V 83 p 7 5 1 )___ G]
do
d o series K $38,000 s e m i-a n n u a lly _______
Notes secured by VVadley Southern bds___________
Guaranteed, & c ., S ecurities
O cean SS C o llrst m ortg age gold g u a r a n te e d --C e.c*
S team sh ip b on d s g ass’ d b y O SS Co $69 ,000 d
A u g u sta & S av annah s tock (n o b o n d e d d e b t) S ou th w estern R a ilroad s to ck (n o b o n d e d d e b t)
C h a t ta h o o c h e e * G ulf s t o c k ____________________
First M gold $2,0 0 0 ,0 0 0 lnt rental s f red at 102
Cent Indiana— 1st M $4,0 0 0 ,0 0 0 gu p & I e n d .C e .c ’ Ar
Central N ew Eng— First M $1,2 5 0 ,0 0 0 call 105 F P .c*
G eneral m ortg a g e 5 % Incom es $ 7 ,2 5 0 ,0 0 0 ____ F P .r
D utch ess C ou n ty R R — First M g o ld g u a r ____ M e.c
D iv ision a l b o n d s _____________________________________
Central Ohio -S e e Baltimore & Ohio
Central Pacific— 1st refund M g gu p & I en d C e*.c*r
3 h s $ 25 ,000 ,00 0 gold guar p & 1 e n d _____ U s .c ’ Ar
L u cln cu t-o ff 1st M $10 ,000 ,00 0 guar ( t e x t ) . G .c* Ar
Central RR o f Haiti— 1st M U S g o ld p a y 105 a t m a ­
tu r ity o r c o m p a n y ’s o p t io n ______________________ M o
Central RR of N J— S tock ($ 3 0 ,000,000 a u t h o r iz e d )-.
C ent R R o f N J gen M $50 ,000 ,00 0 g o ld ____ C e.c& r
do
do
r e g is t e r e d ____________________
B onds o f A llied C om pa nies—
Leh & VVllkcsb Coal con M guar p & 1 e x t In 1 9 0 0 ..

M lies
of
Hoad

D ate
or
B on ds

21
65
164
138
12
24

1896
1897
1901
1897
1905
1905
1895
1895
1895
1887
1905
’ 0 2 -3 -5
1906
1906
1907
. . . 1907

i ,666
1,000
1,000
1,000
50,000

$168,000
413 ,000
2,0 5 7 ,0 0 0
343 ,000
480 .000
480 ,000
4 ,0 0 0 ,0 0 0
7 ,000,000
4 ,000,000
4,8 8 0 .0 0 0
22,815
420 ,000
663,000
1,26 1,000
570 ,000
650,000

W here P a y a b le, and by
W hom

B o n d s— P r i n c i ­
p a l, W hen D u e
S tocks— Last
D ivid en d

J
J
J
J
F
M

A D
A
J
A D
A
J
A A
A
S
O ct 1
O ct 1
O ct 1
M A N
M o A qu
V arious
F A A
A
J
g J
M A
S
5 g
M A
S
5 g

S av annah G a
G u a ra n ty T r ip t C o, N Y
G u aran ty T ru s t C o N Y
U nion T ru st C o N ew Yk
G u a ra n ty T ru st C o N Y
G u a ra n ty T ru s t C o N Y
G uar T r C o N Y o r Savan
do
do
do
do
G u a ra n ty T ru st C o N Y
do
do
B lair A C o N ew Y o rk
do
do
K o u n tz e B ros N ew Y ork
do
do
G u aran ty T ru st Co N Y

Jun e 1 1926
Jan 1 1947
Jun e 1 1951
J u ly 1 1947
F b '1 0 -A u g ’ 25
M ch '1 0 -S e p ’ 25
N o v 1 1945
N o v 1 1945
N o v 1 1945
M ay 1 1937
T o Jan 1910
T o Jan 1012
T o F e b 1916
T o July. 1916
T o M ch 1 1017
M ch 1 1912

A
J
J
5 g
,r
A
J
3 g
5
A
J
j
5
A
J
j
5
A
J
j
j
A
J
5 g
M A N
4 g
F A A
5 g
5 g
O ct 1
(6) g J
A D

G u a ra n ty T ru s t C o N Y
Blair A C o N ew Y o r k
Sav an n ah Ga
Sav an n ah and M acon
S av annah Ga
C itizens’ Bk SavannaliG n
Central T ru st Co N Y
F id I T A S D Co Phi la
4 % paid fo r y e a r 1908-09
Fid I T A S D C o Phlla

T o J u ly 1911
J u ly 1909 2
J u ly 1909 2 H %
’ ’ 1 1909 2 H
1 1930
M ay 1 1953
F eb 1 1919
F e b 1 1949
June 1 1940

Rate
%

A m oun t
O utstanding

$3S0
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

5 g
5 cur
4 g
5 g
4 g
4 g
5 In 1907
3.729 ’ 07
5 in 1906
5 g
3 )$ A 6
4M

W hen
P a yable

1890

1,000

91
117
58
58
12

1900
1903
1899
1899
1890

100
100
100
1,000
1,000
1,000
1,000
1,000

1,349
1,349
103

1899
1899
1904

500 A c
500 A c
1,000 A c

1909

J
A D N ew Y o r k
1,000
800 ,000
6 g
1 1919
Q— F
O ffice 143 L ib e rty St N Y N o v 1 1900 2 %
100 2 7 ,436,800 8 In 1909
A
J L ib e r ty N a t B a n k , N Y J u ly 1 1987
J
500 A c ) b45,091.000 /
5 g
Q— J
500 A c j
\ 5 g
do
do

__ ’ 03-’ 04
53 ___
333 ___
__ ___

All
A ll

1887
1887
1875

1,000

L A T E S T E A R N I N G S .-— / 1909............ G ross, $ 1 ,7 4 0 ,6 8 3 ; n e t. $38 3,72 7
357 ,805
2 m o s ., J u ly 1 to A u g . 3 1 .\1908______ G ross,
1 ,743,555; n et,
A N N U A L R E P O R T .— R e p o r t fo r 1908-09 a t le n gth In V . 89 P- 46 7 ,
526 , 537.
Y ea r ending J u n e 30—
190 8-0 9.
1907-08.
O p era tin g r e v e n u e ____________________________________$1 1 ,1 5 5 ,1 8 2 $11 ,3 8 3 ,0 1 3
O p era tin g exp en ses a n d t a x e s ______________________
7 ,5 6 7 ,6 5 9
8,5 0 9 ,3 9 8
O p era tin g In com e (a fte r t a x e s )_____ _______
$ 3,587,523
In terest o n fu n d ed d e b t , A c . . : _________ ______ _____
1,977,844
R e n ta ls a n d m is c e lla n e o u s ____________________
556,414
B e tterm en ts (In clu d in g r e s e r v e )____________________
837,102
T a x e s on W estern R y . o f A la. s to c k an d C hari. &
W e s t Car. b on d s p rior t o J u ly 1 190 8___________
213,502

$ 2 ,873,615
1,999,541
554,732
324,768

B a la n ce, surplus o r d e flc lt ________________________ su r.$ 2,6 61
d e f.$ 5 ,4 2 6
Old B a sis—
1908-09.
1907-08.
1906-07.
G ross e a r n in g s .............- ..................... ......... $ 11 ,658 ,65 2 $1 2 ,0 8 2 ,7 7 7 $ 1 1 ,396 ,12 3
N et earn in gs a fte r t a x e s _______________
2 ,5 8 9 ,5 3 3
$2,476,561
$3,160,910
O th e r s o u r c e s ___________________________
236 ,103
311 ,939
274,621
O F F I C E R S .— P res., J . F . H a n so n , A tla n ta , G a.
D ire cto rs , J u ly 1909
V . 87, p . 1009; V . 89, p . 162 .— ( V . 89, p . 469 , 527, 537, 592, 777.)
C EN TR AL IN D IA N A R Y .— M uncle to D ia z ll, I n d ., 127 m ., o f w h ich
10 m . tra ck a g e.
V . 76, p . 653. C o n tro lle d b y C lc v . C ine. C h ic. & S t. L o u is
and P en n . R R . in terests.
B on ds, gu a ra n te e d b y C le v . C in e. C h ic. & S t. L . ,
are lim ited to $20 ,0 0 0 per m ile; o u ts ta n d in g , $ 1 ,5 0 0 ,0 0 0 .
V . 7 7 , p . 517 ,
2279; V . 78. p. 1906, 1961. S to ck a u t h o r iz e d ,$ 120,000. C al. y e a r 1908.
gross, $ 1 3 9 ,7 6 2 ; d e f. u n d er o p e r. e x p ., $ 6 5 ,3 4 1 .
In 1907, gro ss, $148,136
P r e s .. J osep h R o b in s o n .— (V . 77, p . 2279; V. 7 8 , p . 1906, 1961.)
C E N TR A L N E W E N G L A N D R Y .— O w ns from C a m p b e ll H a ll, crossin g
the H u d s o n R iv e r at P ou g h k e e p sie b y Its o w n b r id g e , to S llvern a lls, 58 in .;
P o u g h k eep sie, N . Y . , to H o p e w e ll, 12 m .; D u tch ess J e t ., N . Y . , to S tate
lin e, 50 m .; P o u g h k eep s ie, N . Y . , to B o sto n C orn ers, 35 m .; to ta l r w n e d ,
164 m iles; and leases and c o n tr o ls H a rtfo rd & C o n n . W estern R R . , H artford
to R h ln eellff. 109 m .: W lce p e e J e t ., N. Y , to Flshklll L d e ., N . Y . . 2 m .;
to t a l, 293 m iles, o f w h ich 20 m iles a b a n d o n e d O c t . 1909. V . 89, p . 918.
O R G A N I Z A T I O N .— O n Jun e 30 1909 the N ew Y o r k N ew H a v e n &
H a r tfo r d R R . o w n e d $ 3 ,4 2 0 ,1 0 0 p re f. an d $4,4 3 2 ,6 5 0 co m m o n s to c k , and
$6,3 6 8 ,1 2 3 o f the $ 7 ,2 5 0 ,0 0 0 Incom e an d $19 0,00 0 first m tge. b o n d s; also
d iv ision a l b o n d s, v iz ., the $50 0,00 0 P ou gh k eep sie & E astern 1st m tg e . 5s,
a ll o f the $216,000 c o ll, an d $ 1 ,1 6 4 ,0 0 0 o f th e $1,1 6 4 ,5 0 0 Incom e N . D . &
C on n , b o n d s an d $50 0 ,0 0 0 (to ta l Issue) o f C en t. N . E. n otes an d $1,0 9 0 ,0 0 0
n otes p a y a b le . V . 85, p . 404 , 858; V . 89, p. 469 . M in ority g e n . m tg e .
c o m m itte e , V . 89, p . 102, 918 .
S T O C K .— C o m m o n , $4 ,8 0 0 ,0 0 0 ; p r e f., 4 % , $ 3 ,750,000 ; p ar, $100.
B O N D S .— In A u g . 1909 a p p lic a tio n w as d en ied to issue $ 1 2 ,9 1 0 ,0 0 0 50y e a r 4 % b o n d s u n d er a new m o rtg a g e . V . 88, p. 1001; V . 89, p. 102.
F irst d iv id e n d on In com es, 4 % fo r fiscal y e a r 1908-09, V . 89, p. 592.
E A R N I N G S .— 12 m o s .,
( 1 9 0 9 ................. . .G r o s s , $ 15 6,20 3; n e t, $183,298
J u ly 1 to A u g . 3 1 .
119 08.................— G ross, 3 2 4 ,3 7 3 ; n e t,
85,558
F o r 12 m on th s en d in g Jun e 30:
12 M o s .—
G ross.
N et.
Other In c . Charges.
B a lan ce.
1 9 0 8 -0 9 ________________ $ 2,530,213
$854,013
$56,849
$790,797 $120,065
190 7-0 8_______________ 2 ,1 0 8 ,7 8 7
3 35 ,868
63,898
3 97 ,480
2,286
O F F I C E R S .— C. S. M ellen o f N ew H a ve n . P re s.; A . S. M ay, T re a s and
J . G . P a rk er, S e c .— (V . 8 8 , p . 1001, 1060; V . 89, p. 102, 469 , 592 , 918 .)
C E N TR A L PACIFIC R Y .— (S ee M a p o f S outhern P a cific .)
L in es owned—
M ile s .
Mllcs.
San F r a n cis c o , C a l., to near
B ran ch es to San J o s e , A c .
33
O g d e n , U t a h ............... - ............871
Leased—
L a th ro p , C a l., to G osh en . C a l- - 146 W e e d to G rass L a k e .
25
Truckage—
R osev ille J u n c t io n , C a l., to
O regon S ta te L in e ____________ 297 In to O g d e n , & c --------------------------14
U m b ria to C e cil_________________
1031
---------T o t a l . .............................................. 1,489
O R G A N I Z A T I O N .— In c o r p o r a te d In U tah In J u ly 1899 as su cce sso r o f
the railroad u n d er the p lan o f rea d ju stm e n t In V . 6 8 , p. 378,
S T O C K .— (1) C om m on S tock, $ 6 7 ,2 7 5 ,5 0 0 . all held b y S o u . P a c . C o.
(2) P referred stock, 4 % cu m u la tiv e , a u th orized Issue $ 2 0 ,0 0 0 ,0 0 0 , to be
deliv ered to S ou . P a c. C o. In co n s id e ra tio n o f Issue o f e qu a l a m o u n t o f S ou .
P a c. C o . 4 % e olla t. trust g e ld b o n d s; o f w hich d eliv ered on c o m p le t io n o f
rea d ju stm en t $ 1 2 ,6 0 0 ,0 0 0 ; reserved fo r Im p ro v e m e n ts, $ 3 ,0 0 0 ,0 0 0 ; reserved
to be deliv ered for Im p rovem en ts an d a d d itio n s a t n o t o v e r $20 0,00 0
y e a r ly , $ 5 ,0 0 0 ,0 0 0 ; ou tsta n d in g , $ 1 3 ,6 0 0 ,0 0 0 .
D I V I D E N D S .— O n p r e f., 4 % ye a rly to 1908, In clu sive. O n c o m , In
1906-07, 6 % ; In 1907-08, 6 % .
B O N D S .— F ir s t refunding mtge. g o ld 4s, $ 1 0 0 ,0 0 0 ,0 0 0 , se cu re d b y all the
railroad s, term inals and eq u ip m e n t now o w n e d , In clu d in g a b o u t 1,349
m iles o f first tra ck , & c. See a b s tr a c t, V . 69, p . 808 , an d V . 7 0 , p . 739;
V . 78. p. 228; V . 87, p . 22 5 . 285, 479; V . 8 8 , p . 52.
T h irty year gold 3 H s , $ 2 5 ,Out),000, secured by a se co n d lien u p on all the
p rop erties c o v e r e d b y the 1st ref. m tg e . an d also b y d e p o s it w ith the T r u s ­
tees, as a c q u ir e d , o f all securities an d m o n e y s held In an y sin k in g fund o f the
Cen tral P a cific R y ., c on sistin g J u ly 1 1908 o f $ 8 ,5 9 5 ,5 7 1 In securities and
$4 25 c a s h , an d b y a trust deed u p on all the la n d s c o v e r e d b y the m tg e . d ated
O c t . 1 1870. See M ortg age A b s tr a c t, V . 69, p . 85 8 ; also see p . 851.
From
the p ro ce e d s o f these sinking funds and land sales ca n c e lla tio n o f b o n d s are
m a d e from tim e to tim e: In F e b . 1900 $ 2 ,5 0 5 ,0 0 0 3 J^s w ere ca n ce le d and
to A| r. 1909 $6,1 3 1 ,0 0 0 ad d ition al had been ca n c e le d , re d u cin g th ose o u t
sta n d in g to $16 ,3 6 4 000. V . 70, p. 739, 1194.
T h e 4 % g u a r, b o n d s on the L u cln c u t-o ff are r e d e e m a b le a t 107 H on a n y
jn t . d a y since O ct. 1909. V . 79, p. 1641. G u a ra n ty , V . 80, p . 162.
L A N D G R A N T .— T o ta l land grant w as a b o u t 1 2 .000,000 acres, o f w hich
a b o u t 7 ,7 0 9 ,3 3 6 acres u n sold Ju n e 30 1908. Sales In 1007-08. 686 acres.
L a n d c o n tr a c ts J u ly 1 1908— p r ln ., $ 84 ,620 ; a v e r , price per a cre , $4 64.




I N T E H E S T OH D I V I D E N D S

S it e , or
Par
V a lue

1,000,000
234 ,000
1,022,900
5,191,100
436,400
336,000
1,500,000
1,250,000
7 ,250,000
350,000 4M
09,7 7 6 ,0 0 0
16.364,000
9 ,199,000

F
4 g
3H g J
A
4 g

12,175,000
4M
b fn clu d es

A
A
A

A 120 B r o a d w a y N Y
D
do
do
do
do
O

Q— M
$1 .167.0

Aug 1 1949
A u g 1 1929
O ct 1 1954

do
do
June 1 1910
00 In treasury J u ly 1900

R E P O R T .— Y e a r e n d . Jun e 30 1908, gro ss, $ 3 2 ,8 5 9 ,6 3 3 ; n e t, $ 1 1 ,6 9 6 ,­
447: o th e r In com e, $59 6,50 9; ln t ., ta xes, sin k , fu n d s, * c . , $6,567 854: d lv .
on pref. s to c k ( 4 % ) , $54 0,00 0; d lv . o n c o m . s to c k ( 6 % ) , $ 4 ,0 3 6 ,5 3 0 ; b a l.,
s u r ., $ 1 ,1 4 8 ,5 7 2 , o f w h ich p a y a b le to S ou. P a c. C o. u nd er term s o f lease,
$ 6 1 7 ,6 1 3 , le a vin g $ 5 3 0 ,0 5 9 .— (V . 87, p. 225, 285 , 479; V. 88, p. 52.)

CENTRAL RR. OF HAITI.— In c o r p o r a te d tinder the law s o f th e S ta te o f
N ow Y o r k M arch 19 1909 w ith $1,2 5 0 ,0 0 0 fu ll-p a id c o m m o n s lo c k (In
snares o f $100 e a c h ), an d to o k o v e r the fo llo w in g co r p o r a tio n s b y p urchase
o f all th eir assets: (1) T h e Pialne d u Cul do S ac R R . C o . o f H a iti, a 61-m lle
r o a d , Incl. 16 m iles b u ild in g; (2) the P o r t-a u -P r in ce W h a rf C o ., all the s to c k
and b o n d s o f the fo rm e r an d the b o n d s o f the latter h a vin g been p le d g e d to
secure th e b o n d Issue (Im llted to $ 800 ,000 ) a b o v e d e scrib e d .
T h e a b o v e -m e n tio n e d collateral securities ca rry w ith them a g u a ra n ty on
th e p art o f the G o v ’ t o f the R e p u b lic o f H aiti fo r the p a y m e n t o f an annual
s u b s id y o f $ 41 ,280 , U . S. g o ld co in , fo r w h ich g u a ra n ty 2 0 % o f the G o v e rn ­
m e n t’s revenues from the duties on c o c o a an d lo g w o o d arc p le d g e d , w h ich
total revenues e x ce e d b y a b o u t 10 tim es the a m o u n t o f this g u a r a n ty .
V . 89, p . 162.
N . Y . o ffic e , 25 B road S t .— (V . 89. p. 162.)
CENTRAL RR. OF NEW JERSEY.— (S ee M a p Heading S y s te m .)— O p e r­
ates from Jersey C ity , o p p o s ite N ew Y o r k C ity , w e ste rly to W ilk es-B a rre
and S c r a n to n , P a ., and the n e ig h b o rin g an th ra cite coa l fl< Ids: also so u th e rly
t o the seashore resorts o f N ew J e rs e y a n d to the D elaw are R iv e r .
L ines owned in fee—
M ile s .
M ile s .
Jersey C ity to P h llllp s b u rg _________72 N esq u eh on ln g V a lle y * ------------------- 17
S u n d ry b ra n ch e s _________
84 Lehigh & S u sq u eh an n a, PlillllpsE n tire stock ow ned—
b u r g to U n ion J e t ., & o__________ 171
N ew Y ork & L o n g B ran ch R R .,
W ilkes- B arre & S c r a n to n * ----------5
Perth A m b o y to B a y H e a d ____ 38
O ther lin es_________________________
3
N ew Jersey Sou th ern R R ., L o n g
Trackage—
B ranch to A ts lo n , A c .................... 76 Union Coal R R . _______
10
O th er lines (n o d e b t ) ..........................147 A llen tow n T erm U p e r .J o in tly )-.
3
Leased (m ostly fo r Did) years) —
6
O ther tr a c k a g e _____
D o v e r & R o c k a w a y R R _________
5
O gden Mine R R * ....................
10
To tal i per. July 1909-------------648
* See this c o m p a n y .
T h e re are 263 m iles o f se co n d and 41 m iles o f fo u r track s.
H I S T O R Y .— R e o rg a n iz e d In 1887 w ith o u t fo re c lo s u r e — sec plan V . 44, p .
714, 716. C o n ce rn in g coal p c parties, see Lehigh A W ilkes Barre In “ S u p ­
p le m e n t” Jan . 1903 (p . 15 9 ), a n d L e h . Coal A N a v . In “ M iscella n eou s” . In
Ja n . '01 R e a d in g C o. a cq u ire d $ 14 ,504 ,00 0 stk . V . 72, p . 86, 136, 2 4 1 ,3 9 1 ,
721 . Ju n e 30 1909 o w n e d $ 1 ,6 0 0 ,0 0 0 L e h . V a il, s to c k , w h ich w as re­
p o rte d a s so ld In S e p t. 1909.
D IV .— I ’ 91. ’ 92 to ’ 94. ’ 95. ’ 96. '9 7 . ’ 08. ’ 99. ’ 00. ’ 01. 1902 to N o v ’09
P ercen t
6>$ 7 y ’ ly .
5 ^ 5 4 ) 4 4
4
5
5 8 ye a rly (Q -F )
B O N D S .— F o r general mtge. a b stra ct see V . 4 5 , d . 402.
T h e L . A W . co a l m tg e . Is for $ 1 5 ,0 0 0 ,0 0 0 ; the b o n d s, fo rm e rly 7s, o f
w hich $12 ,1 7 5 ,0 0 0 h ave been Issued,w ere In 1900 e x te n d e d at 4 ) 4 % . and
gu a ra n te e d , p rin cipa l and Interest. See g u a r a n ty , V . 7 1 , p . 26.
J o in tly and se verally w ith the Lehigh Coal A N av. C o . guaran tees $ 1 .0 6 2 ,­
000 Leh igh A H u d . R tv . R y . gen . 5s, prln. am i ln t. See V . 67, p . 788.
E q uip m ent M ortgage 4s.
Interest at Liberty N ational B a n k ., N . Y . C ity .
($1,000 each)
D ate.
Interest. O utstanding. Instal. of P r ln . due Y 'ly .
Ser. B ...............................1902 4 % V a r. $75 0,00 0 $25 0,00 0 to M a y 1 1912
4
1,400.000
350 ,000 to A p ril 1 1913
Ser. C .......................
1903 % A AO
150.000 to 'M arch 1915
4 % M A S In treasury
““
'
'
Ser. D
($ 900 , 000 ) .1 9 0 5
350.000
1910 to 1916
4% FAA
do
do
Ser. E ($ 2 ,4 5 0 ,0 0 0 ) .1906
110.000 to J u r e 1 1917
4 % ,1 A D
do do
Ser F
($8 0 ,0 0 0 ) . 1907
E A R N I N G S .— F o r 2 m o n th s e n d in g A u g . 3 1 ­
2 M o n th s —
G ross.
N et.
Charges.
B a l., S u r.
1909
$4,493,941 $2,0 2 1 ,4 6 2
$ 1 ,067,753
$953,709
4 ,3 1 6 ,6 6 6
1,860,225
1,092,901
767,324
1908
" ............... "
A N N U A L R E P O R T .— T h e re p o rt fo r 1908-09 w as In V. 8 9 , p . 843.
1907-8.
I n c . or D ec.
E a rn ings from —
1908 9.
$ 8,368,056
+ $54,541
M erch an dise. _________________________ $ 8,422,597
9 ,099,015
— 932,646
C o a l________
8 ,1 6 6 ,3 6 9
4 ,282,704
— 28,784
P a ss e n g e rs ____________________________
4 ,2 5 3 ,9 2 0
1,434,639
— 209,247
M all, e xp ress, A c ____________________
1,225,392
T o ta l o p e r. r e v e n u e ____
N et e a rn in g s .......... ...............
O th er In co m e ______________

..
..

$22 ,068 ,27 8 $ 2 3 ,184 ,41 4
$9,507,761
$9,917,8 18
1,427,453
1,635,220

—$ 1 ,1 1 6 ,1 3 6
— $410,087
— 207 ,776

T o ta l net In c o m e __________________ $10 ,935 ,21 4 $11 ,553 ,07 7
In te re st o n d e b t ___: ________________ $ 2,834,434
'
R e n ta is p a id _________________________
2,4 9 5 ,0 2 0
T a x e s ____ _______
1,067,772
R en e w a l fu n d s , A c ___________________
2 ,0 0 0 ,0 0 0
D ivid e n d s ( 8 % ) ________________
2 ,1 9 1 ,0 0 0
B a la n ce , su rp lu s.......... ......... ........... $343,044
$62 8,52 9
■ $28 5,48 5
—
Old B a sis—
1907-08.
100 6-0 7.
1005-06.
G ross earn in gs rail lin e s _______________$ 22 ,614 ,93 6 $ 2 2 ,772 ,56 8 $20,523,031
N et e a r n in g s __________________________ $9,4 5 3 ,2 5 7 $ 1 0 ,913 ,62 6
$9,8 6 5 ,8 6 5
T o ta l net in c o m e ____________ _______ --$ 1 1 ,5 5 3 ,0 7 7 $ 1 2 ,698 ,93 8 $1 1 ,4 7 2 ,4 2 0
— (V . 87, p . 7 3 6 ; V . 88, p . 157, 1436; V . 89, p . 410 , 777, 843.)

CENTRAL RR. OF PENNSYLVANIA— Sec page 170.
C E N T R A L R R . OF SOUTH CAROLINA — O w ns from L a n e. S . C ., to
S u m ter, S. C ., 40.2 m iles; sp u rs, A c ., 1.61 m .: t o ta l, 41.81 m .
Leased to
A tla n tic C oast L ine R R .; rental $31 ,000 y e a r ly and ta x e s. S t o c k . $ 1 7 0 .­
000; par, $50.
In 1908-09. re n ta l, $31,000; general e x p e n se s, $255; ln t.
$18 ,000 ; d lv s . ( 7 .6 % ) , $ 12 ,920 ; b a la n ce , d e flclt, $ 1 7 5 .— (V . 64, p . 887.)

CENTRAL RY. OF SOUTH CAROLINA— (V. 82, p. 927.)
C EN TR AL VERM ONT R Y .— O perates from R o u s e ’ s P o in t, at north end
o f L ake C h a m p la in , to N ew L o n d o n , C o n n ., w ith b ra n ch e s, 536 m iles In all,
o f w h ich 160 m iles lea sed , v iz .: N ew L o n d o n A N o rth e rn (see th a t c o . ) ,
121 m iles; M on tvllle B ra n ch , 3; W est R iv e r R R . , 36 m .

C
O
Q
£
O

P
Q

a
<1

C
O

M
o

o
in

>-i

<

£

r-3

t—I

<1
<y*

J5

5




R A IL R O A D S
F o r explanation of column headings, & c., see notes
on first page of tables.
Central RR o f N J— ( Concluded)
L & W B 5s o f 1912 sk fd n o t g u ar (n o t d raw n) _ F P .c
A m D o ck 6c Im p C o 1st M guar redeem at 110____ o*
N Y 6c L B r g e n M g lnt gu J oin tly ($192,000 5 s)-C e
L eh igh 6c H ud R Iv gen M g o ld guar J o in tly .
C e.c*
C entral RR o f P e n n s y lv a n ia — First M $ 1 ,2 0 0 ,0 0 0 ..F P
C entral RR o f S outh C a rolin a — First m tge g o ld ...........c
C en t Ry o f So Car— First M $150,000 g gu r e d -------CP
C entral V e r m o n t— S to c k $3 ,0 0 0 ,0 0 0 ..................................
F irst M $ 1 2 ,0 0 0 ,0 0 0 g old tra ffic g u a r............... A B .c& r

_

38

40,
7

C on solid ated m ortg a g e $ 1 1 0 .0 0 0 _________________ AB
C h a tta n oog a S tat— 1st M $1,00 0 ,0 0 0 g g u (te x t)T a .c 6 c r
C h esapeak e B ea ch — F irst m tge see V . 8 1 , p . 9 7 l_ N .c *
F irst m tge o f 1911 P en insu lar E x te n sio n g o l d ____ c*
T erm in al 1st M 1922 cov erin g 8 m to P h oebu s g . . c *
F irst con sol m tge fo r $.10,000,000 g o l d ____ Ce.c*6br
R ic h . 6c All D lv 1st & 2d Ms ($ 1 ,0 0 0 ,0 0 0 2 d s )_ C e .c*
C raig V a lle y B ranch first m ortg age g o l d .......... C e.c*
W a rm Springs B ran ch first m ortg age g o l d ____ C e.c*
G eneral m ortg age (fo r $ 7 0 ,000 ,00 0 6cc) g o l d . . . C e . c *
P a in t Creek B ran ch 1st M $750,000 g o ld _____ C e.c*
K ln eon Coal m tge assum ed redeem sin ce O ct 1905

1888
1881
1891
1890
1893
1881
1906

S iz e , o r

$1,000

1.000

1,000
1,000
500 6cc
1,000
500
100
1,000 6cc

$2 ,6 9 1 ,0 0 0
4 ,9 8 7 ,0 0 0
1,891,000
1,062.000
600.000
300 ,000
150,000
3 ,0 0 0 .0 0 0
1 1 ,500,000

5
5
4 & 5 g
5 g
6
6 g
6 g
$2 ,1 8 5 ,
4 g

When
Payable
M
J
M
J
M
J
J
100

& N
& J
6c S
& J
& N
& J
& J
held

Q— 1
(.1— \ [

Where Payable, and by
Whom
L ib e r ty N at B a n k N Y
do
do
do
do
N ation a l E x ch B a n k N Y
Fid I T r 6c S D Co Phlla
C u yler, M organ & C o N Y
C olonial T ru s t C o P lttsb
b y G rand T ru n k R y o f
Blair & C o N Y ; 6t B ost

Bonds— P rin ci
pal. When D u e
Stocks— Last
Dividend
N o v 1 1912
J u ly 1 1921
S ep 1 1941
J u ly 1 1920
M ay 1 1943
J u ly 1 1921
Jan 1 1926
C anada
M ay 1 1920

1899

1,000
100 &c
1,000

2 0 2 ,0 0

40.6

30 0 ,0 0 0

5

e

< —I
!
R o y a l T ru st C o M ontreal A u g 1910-1916
& O
A
A
& O A m er L & T r C o B o sto n O ct 1 1950
M 6c N 15 B ankers’ T ru st C o , N Y
N o v ’ 0 9 -M a y ’21

310

1903
1907
1896
1896
1897
1002

1,000 6cc
1,000 6cc
1,000
1,000
1,000
1,000

800 ,000
250.000
2 ,7 2 0 ,0 0 0
2 ,3 8 0 ,0 0 0
600 ,000
7 0 ,000

4
4
5
5
6
5

g
g
g

J
J
A

1893
1890
1900
1907
1808

1,000

120,000
50,000

22
10
10
16>*
34
"74
10
697
241
26
25
1,394
21

i4 o !o o o

1,000
1,000 6cc

1881
1882
1889
1890
1890
1891
1892
1905
1901

2,00 0 .0 0 0
142.000
27,85 8 ,0 0 0
7 .0 0 0 .0 0 0
650,000
4 00 .000
4 4 ,4 1 3 .0 0 0
525.000
200.000

CHATEAUQAY & LAKE PLACID RY .— (See M ap Del. & Hudson.) —

M ile s
Lines owned in fee —
M ile s .' C o n tr o lle d b p s to... —
................... c k
Bridge— C ovington. K y .. to Cin­
Old P o in t C o m fo rt a n d N e w p o rt

2

64
21
84
85
31

Total system June 30 1 909.-1,897

Second track 1304 ow n ed )-------Also owns one-sixth Interest In the Rlohm ond-W ashington Co.

eoiooo

1.000
500 6cc
1,000
1,000
1,000
1,000
1,000
$1,000
500 &c

O pe rates from P la ttsb u rg , N . Y . , to L ak e P la cid , 80 m iles, of w hich P la ttsb u rg to D a n n e m o ra , 16 m iles. Is leased from S ta te of N e w Y o r k for $1 an d
free tra n sp o rta tio n o f freight to the Sta te ’s P riso n a t D an n e m o ra .
S to c k , $3,450,000, of w hich $3,000,000 Is 4 % pref., the latter a ll ow ned
by D. & H .
V . 84, p. 50. Leased to the D elaw are & H u d so n u n til Dec.
31 2403, a n y balan ce over expenses of operation, Interest, taxes, m a in ­
tenance, d am a ge s, d iv id e n d on pref. stock, & c., to go to the lessor. T h e
lease Is subject to revision a t 5-year In te rv a ls s'nee J an . 1 1908 on request of
either p a rty . V . 8 1 , p . 613. Th ere are also $24,000 S a r a n a c 6s L a k e P la c id
2d 5s d ue N o v . 1 1913.— (V . 81, p. 613; V . 84, p. 50, 930.)
CHATTAHOOCHEE & GULF RR.— C o lu m b ia , A la ., to F lo ra lla , 92 m .
L E A S E . — Leased In 1900 In perpe tu ity to Cent, of G e o rg ia R y . fo r 6 % on
$436,400 stock a n d $336,000 b on d s, of w hich 1 % to be used a s a sin k in g
fu n d for retirem ent of bon d s, upon com pletion of w hich ren tal w ill be 5 % on
sto c k , p a ya b le J-J. See Cent, of G a. R y . — (V . 81. p. 1722; V . 87, p. 1663.)
CHATTAHOOCHEE VALLEY RR.— S t a n d in g R o c k , G a., v ia W . P o i n t , to
Jester, A la .. 84 m . S t o c k a u th .. $1,000,000; Issued, $110,000; par. $100.
B o n d s, see table a b o v e . F o r year e n d in g June 30 1909 (31 m ile s), gross,
$92,080; net, $29,161. I n 1907-08, gross, $49,846; net, $19,497; ln t. on
b o n d s, $6,000; su rp ., $13,497.
CHATTANOOGA SOUTHERN RR.— O w n s road , com pleted in Ju n e 1891,
from Tennessee S ta te line to G ad sd e n , A la ., 87 m .; R o u n d M t. b ran ch, 3 m .;
track ag e to C h a tta n o o g a , 5 m .; sid in gs an d sp u rs, 10 m .; tota l of a ll tracks,
105 m . V . 61, p. 830. O n A p r il 23 1907 W . . W K e n t , C h a tta n o o g a ,
T e n n ., a n d E . C . O sborn e, 31 N a ss a u St., N . Y . , were a p p o in te d receivers.
V . 84. p. 995. .Stock, co m m on . $2,250,000; pref.. $750,000.
Y e a r 1908-1909. gross. $80,578; def. oper., $42,684.— (V . 84, p. 995.)
CHATTANOOGA STATION CO.— O w n s u n io n passenger sta tio n an d a p ­
proaches a t C h a tta n o o g a , T e n n ., used b y the S o u th e rn R y . , Cent, or G a.,
A la b a m a G t. So u th e rn an d Cln . N . O . & T e x . P a c.. w hich each o w n s onefo u rth of the stook a n d guaran tees the b o n d s J o in tly a n d se v e rally , p. « I.,
b y endorsem ent. R e n t a l covers b on d ln t. a n d 4 % on sto c k .— (V . 84,p.50.)
CHERRYVALE OKLAHOMA & TEXAS RY.— ( V . 89, p. 918.)
CHESAPEAKE & OHIO RY.— {See M a p .) -- O p e r a t e s fro m N e w p o rt
N e w s.V a ., an d W a sh ., D .C . , to C in ..O .. a n d L o u ls v .. K y . , w ith b ranchos.

380

44
4«

iY i
4 g

8 50 .000
1,00 0 .0 0 0

CHARLESTON UNION STATION CO.— O w n s passe n ger sta tio n a t
C h arle sto n , S. C .. used b y A tla n t ic C o a st L in e a n d So u th e rn R y . , w h ic h each
o w n s on e -h a lf the sto c k an d gu a ran te e s the b o n d s, p & 1, b y endorsem ent.
R e n t a l covers In te re st o n b o n d s a n d 4 % o n sto c k . V . 84, p. 50.
C H A R L E S T O N & W E S T E R N C A R O L I N A R Y . — P o r t R o y a l, S. C ., v ia
A u g u s t a , G a ., to S p a rta n b u rg . S. C .. 245 m .; branches to A n d e rso n a n d
G reen ville, S . C., 94 m .; leased, 2 m .; to ta l, 340 m .
E n tir e sto c k a n d p or­
tio n of in com es w n ed b y A tl. C o a st L in e Co.
V . 66, p. 38, 335. D Iv . on
In com es, 2 % fo r 1903-04; 3 % for 1904-05; 5 % for 1905-06.
S T O C K . — $1,200,000; par, $100. See A u g u s t a T e rm . R y . V . 66, p. 383.
E A R N I N G S . — 12 m o s .,11908-09_______ G ro ss, $1,410,029; net, $338,719
J1907-08............G ro ss. 1,408,139; net, 262,505
J u ly 1 to June 30.
R E P O R T . — F o r y e a r en d in g Ju n e 30 1908, gross, $1,408,139; net,
over taxes, $191,632; other Incom e, $23,357; Interest on bon ds, $172,000:
hire of equipm en t, & c., $39,114; su rp lu s, $3,874. Pres., J. B . C lev elan d ,
S p a rta n b u rg , S . C.; See., R . D . C ro n fy , P ete rsb u rg, V a .— (V . 73. p. 1207.
C H A R L O T T E M O N R O E & C O L U M B I A R R . — M c B e e . S . C .. on Sea b oa rd
A ir L in e, to Jefferson, 22 m . S to c k , $48,000. F o r y e a r e n d in g Ju n e 30
liMJ9, gross, } 15,402. net. $6 4 >1. — IV . t<9 p. 918.'

cinnati. O hio________________
Coal R iver R y ., S t. Albans to
Clothier, W . V a.. 50 miles,
with branch_________________
L in e s le a s e d —
Sundry branches leased-----------T r a c k a g e to Louisville— ......... Trackage to W ashington, D . C .
Other trackage________________

200.000

1.000

CHARLESTON TERMINAL CO.— R O A D . — -O w n s term in al ro a d In
C h a rle sto n , S. C ., 5.02 m iles; tra c k la id w ith 6 0 -lb . steel.
C o m p a n y also o w n s 14 w h a rv e s, 30 w arehouses, a b o u t 30 acres o f la n d ,
4 co tto n com presses, & c ,, on the c it y ’s w ate r fro n t, these b e in g connected
b y Its o w n ro a d w ith the other ra ilro a d s en terin g the city. V . 77, p. 298,
148. S to c k , $200,000, ow n e d jo in t ly b y A tla n t ic C o a st L in e R R . a n d
So u th e rn R y .w hich agree to m ake good a n y deficiency In Interest o n b o n d s.
Pres.. W m . E . H u g e r; Tre as., R . D . L a n k fo rd : Sec., H e n r y Fraser.
E A R N I N G S . — G ro ss, y ea r e n d in g Ju n e 30 1908, $104,209; net Incom e,
$70,377; ln t. a n d taxes, $44,852; b al., su r., $25,525.— (V . 77, p. 146.)




Rate
%

1006
1907
1900
1909

O R G A N I Z A T I O N . — Succeeded M a y 1 1809, per am en d ed p la n In V . 67,
p. 735, the C e n tra l V e rm o n t R ailroad, foreclosed.
V . 68, p. 1076.
S E C U R I T I E S . & c — T h e G r a n d T r u n k R y . h o ld s $2,185,100 of the $3,
000,000 sto c k , a n d un d e r a traffic co n tra ct w ill m a k e go o d a n y deficiency
In earnlm rs to meet In tere st on the new firsts u p to 3 0 % of G r a n d T r u n k
gro ss receipts fro m traffic In terchan ged .
F o r m of g u a r a n ty , V . 85, p. 283.
C e n tra l V e rm o n t T ra n sp o rta tio n gu aran teed 5 % b on d s, V . 88, p. 1252.
E A R N I N G S . — 12 m os., 11908-09..........G ro ss, $3,497,274; net, $832,547
J u ly 1 to J u e 30.
J1907-08______ G ro ss, 3,391,730; net, 308,124
Y ea r—
G ross.
N et.
O th .ln c .
C harges.
B a l..s u r
1907-08........$3,740,760
$700,380
$13,840
$710,667
$3,553
1906-07........ 3,833,088
688,380
13,840
700,407
1,813
O ffic e r s .— P res.. C h a rle s M . H a y s; C le rk an d Tre as., W . H . Chaffee, S t.
A lb a n s, V t . — (V . 85, p. 283, 1005; V . 87, p. 1009; V . 88, p. 1252.)

N e w s, v ia C h a rlo tte sville , to
B i g S a n d y R iv e r ______________ 513
R ic h m o n d v ia L y n c h b u r g . t o C lif­
ton Forge, V a ..............
230
B ra n c h e s in V a . a n d W . V a -------- 442
B i g S a n d y R iv e r to C o v in g t o n . . 150
D e n to n , K y . . to L e x in g to n ........ 103
B i g S a n d y Jet. to E lk h o r a C it y ,
w ith b ra n c h -------------128
Br& nohes In K e n t u c k y ---------------- 55

Am ount
Outstanding

Par
Value

A ll

L o c o m o t iv e trusts $20 ,000 d u e y e a rly (V 83 p 7 5 1 ).
M ontreal & P r o v in c e L ine R y 1st M guar p 6j I____ c
C V T ra n s IstM g g u g& i,$ 1 2 ,0 0 0 o r$ 1 3 ,0 0 0 d u e s-aB a
C h a rleston & S a v a n n a h — See A tla n tic C oast Line R R .
C h a rleston T erm in a l— First M $1,000 000 g o ld _ S .c * & r
C h a rleston Un Sta— 1st M $400,000 g g u (t e x t )-E q c * & r
C h arleston & W est C ar — IstM g ($ 8 ,0 0 0 p m ).C e .c * & r
In c o m e m tge g old n o n -c u m ($7,000 per m ll e ) ..G .c *
A u g u s ta T erm in al R y 1st M g o ld gu ar p & 1 e n d - .C e
C h arlotte M on roe & C olu m b ia — First M $70,000 g o ld .
C h a rlotte C olu m bia & A u g u s ta — See Sou th ern R y
C h a rtiers— See P ltts b C incinnati C h icago & S t L ou is
C h at & Lake P la cid — Sar & L ake P lacid 1st M g .C e .c *

IN TE R E S T O R D IV ID E N D S

M iles Date
of
of
Road Bonds

g
g

& J Stan d ard T ru s t C o N Y
& J E q u ita b le T ru s t C o , N Y
& O C entral T ru st C o N Y
O ct
G uar T r N Y it earned
A
& O Central T ru st C o N Y
A & O R ich T & S D C o R ic h V a

& N
& D
& J15
6c J
J & J
(, — \
A 6c O
6 g
& D
J
6 g
M & N
5 g
J
&
J
4 g
&
J
J
5 g
M & S
5 g
4X g M & s
F & A
4 g
A Sc O
5 g

5 (6) g
6
5
4 g
5 g

M
J
J
J

.

32 N assau S t N ew Y o rk
B o sto n , Mass
A m er L & T r C o B o s to n
T ru st C o o f A m e r ic a , N Y
In d e fa u lt
O ffic e , 71 B r o a d w a y , N Y
J P M organ & C o, N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
Cent T r & S D cp C o Cln O

J u ly
Jan
O ct
O ct
Apr
O ct

1
1
1
1
1
1

1053
1937
1946
1946
1947
1932

N ov
D ec
J u ly
Jan
J u ly

1 1913
11916
15 1920
1 1957
1 1923

Jan
June
M ay
Jan
J u ly
M ch
M ch
Feb
O ct

1
1
1
1
1
1
1
1
l

1911
1922
1939
1989
1940
1941
1992
1945
1915

H IS T O R Y , &c.— In 1888 reorganized w ithout foreclosure. The stock ­
holders voted O ct. 19 1909 to purchase the Coal R iver, R aleigh &
Southwestern and Virginia Air Line railways. V . 89, p. 720. In Jan.
1909 a syndicate headed b y Edwin H awley acquired about $24,000,000
stock, giving them virtual con trol. V . 88, p. 294. Owns one-sixth Interest
In m ajority H ocking Valley com . stock; see that com pany.
S TO C K .— In July 1909 only $7,400 preferred stock remained ou t.
D IV ID E N D S .— 1899 to 1908, both Inclusive. 1% yearly.
1% (quar.); S ept.. 1 % . V . 88. p. 1312; V . 87. p. 1603.

In June 1909,

B O N D S.— Abstract of consol, mtge. of 1030 In V. 49, p. 147; V . 86, p.
1588; o f Richm ond & Allegheny m tges., In V . 51, p. 144.
The g e n e r a l m o rtg a g e of 1892 (Central Trust Co. and H . T . W ickham ,
trustees) Is for $70,000,000, but additional amounts at $25,000 per mile m ay
be Issued for double-tracking. Of the $70,000,000 as above, $32,691,000
bonds were reserved to provide for the $30,000,000 consols of 1889 Issued
or to be Issued, &c. See full abstract of mortgage In V . 54, p. 044;
also V . 54, p. 642; V . 55, p. 335, and V . 83, p. 1523. In June 1909 $44,­
413,000 had been listed on N. Y. Stock Exchange of which $5,890,000 were
issued for second-track and $38,523,000 for other purposes, leaving $31,131 .*
000 reserved to retire underlying bonds, $339,000 available for Improve­
ments and $6,000 to retire remaining unexchanged pref. stock. V . 83
p. 1469, 1523; V. 84, p. 626. 157.)
The stockholders voted Feb. 9 1909 to authorize an Issue of general
funding and Improvement mortgage 5% 20-year bonds (limited to $30,­
000,000) to fund the $7,500,000 6% notes of 1907 and 1908 which were
called fo r paym ent July 1 1909, and provide for future requirements for
extensions, Improvements, equipm ent, &o., of which $11,000,000 has been
sold. V . 87, p. 1663; V . 88, p. 99, 157, 1312.
The L o u i s v i l l e < J e f fe r s o n v i ll e B r id g e bonds, of which $4,500,000 are o u t­
&
standing, are guaranteed Jointly and severally b y the Chesapeake 6s Ohio
and Cleveland Cincinnati Chicago & St. Louis; any deficit on account of
the bridge Is payable by them In the proportion of one-third and two-thirds
respectively— see V . 60, p. 130; V . 61, p. 327, 559; V . 62, p . 84, and separate
statement for Louisville 6s Jeffersonville Bridge Co.
Of the G re e n b r ie r R g . 4s of 1900, guaranteed prln.and lnt., and assumed In
1903-04, $1,000,000 are reserved for extensions and improvem ents. See
guaranty, V . 72, p. 626; see also V . 71, p. 554, 602; V . 79. p. 915. Of the
B ig S a n d y 4s of 1904, remaining $229,000 Is reserved for extensions.
V . 79,
p. 917; V . 82, p. 297; V . 87. p. 225, 414, 1418. Guaranty, V . 81, p. 668.
Of the C o a l R iv e r 4s of 1905, $2,250,000 has been Issued on the 73 miles
from St. Albans to Peytona, W . V a., & c., with 2 branches, 10 m ., and about
11 m. under construction; the remaining $750,000 Is reserved for exten­
sions and Im prov’ts. V . 80, p . 2219; V . 83, p . 693; V . 89, p. 720.
P a in t C r e e k B r . 4s $225,000 reserved t o r extensions. V. 81, p. 974, 910.
R a le ig h & S o u th w e s te r n 4s, V . 84, p . 1114; V . 89, p . 720.
D a te .

C a r T r u s t S e r ie s 4% G o ld ( D e n o m i n a t io n $1,000 e a c h ).
O u ts ta n d in g .
M a t u r e i n I n s t a i m t its.

A ug. ’ 10-’ l l
$10u,u00 yrly.
’ ’A ”
1901.................................$200,000
A ug. ’ 15-’ 10-’ 12
200,000 yrly.
000.000
“ B”
1902______
Mch. ’ 10-Sept. ’ 12 50,000 s.a.
"C ”
1902............................... 300,000
Feb. ’ 10-Aug. ’ 13 200,000 yrly.
“ D” 1903............................. 800,000
D ec. ’ 09 Dec. ’ 13 50.000 s.a.
"E ”
1903____
450,000
D ec. ’ 09-D ec. ’ 14 35,000 s.a .
*’ F ” 1904.............................. - 385,000
A pr. ’ 1 0 -A p ril’ 15 90,000 s.a.
" G ” 1905............................. 990,000
A pr. ’ 10-Aprll *16 80.000 S.a.
“ H”
1906.....................
1.040,000
Dec. ’ 09-June *16 50.000 s.a.
“ I"
1906
700,000
Feb. ’ 10-Aug. ’ 16 95.000 s.a.
•J”
1906.............................1 ,3 3 0 ,0 0 0
A pr. 15 ’ 10-O ct.’ 16 80,000 s.a.
•K” 1906 .........................
1,120,000
Jan. '10-Jan. ’ 17 113,000 s.a.
’ ’ L”
1907............................... 1,685.000
F eb. ’ 10-Feb. ’ 17 112,000 s.a,
’ ’ M”
1907............................... 1,690,000
and
Interest paid semi-annually as Indicated b y m aturity date: ’ ’A ’ ’ anc
" B ” at Girard Trust C o., Phlla.; "O ,” " E ” and ’ ’F ’ ’ at office of Blair & Co.
N Y • “ D ” “ G" and “ H ” at Fidelity Trust C o., Phlla.; ’ ’ I,’ ’ “ J,” “ L’
and ” M” at Blair & C o.; *‘ K ’ at Guaranty Trust Co.
F IN A N C E S __In 1908 $2,000,000 consol. 5s were sold to retire 1st 6s due
July l 1908 and $2,500,000 6 % notes to retire $1,200,000 notes due June 28
1908 and provide new cash. V. 86, p. 1041, 1342. In Feb. 1909 $11,000,000
"general funding and Im provem ent" 5s were sold, the provision for meeting
capital requirements for improvem ents making possible the paym ent o f
larger dividends. See above and V . 87, p. 1663.
E A R N IN G S.— 2 m os., 11909............. Gross, $5,052,601; net, $2,088,576
July 1 to A u g .31.
J1908.............Gross. 4,388.036; net. 1,777,312
A N N U A L R E P O R T .— Fiscal y e a r en ds June 30. Annual m eetin g Is held
a t R ic h m o n d o n th e T u e sd a y p reced in g the last T u e sd a y In O cto b e r .
R e­
p o r t fo r 1908-09 w as given a t le n g th In V . 8 9 , p . 525 , 534; e d ito ria l, p . 506.
1900.
Y e a r e n d in g J u n e 30—
Miles operated___________________
Passenger earnings---------------------Freight ............................................. ------ 20,885,511
Express, mall and miscellaneous. ------ 1,263,201

1908.
1,841
$5,120,529
19,571,609
1,151,134

1907.
1,832
$4,888,139
19.974.861
933.861

$25,843,272 $25,796,861
T o ta l earnings_________________
Operating exp e n se s_____________ ------ 16,366,837 17,186,747 16.650.307
Net ea rn in g s____________________ ------$10,263,879
Other Incom e____________________

$8,656,525
762.832

T9.146.554
244,360

$10 972 743 $ 9 ,4 1 9 ,3 5 7 $9,390,914
Total net Income______________
$7,183,416 $6,868,510 $6,619,958
Interest on bonds, rentals, & c . .
801 600
791.060
734,423
T a x e s _______ _____ _____________ .1
212.449
634.327
1,347,555
Extraordinary expenses_________ -----Dividends ................................. — _(2 % )1 .2 5 5 814 (1 % )6 27 .9 0 7 (1% )6 2 7.0 07
Balance, surplus______________

$497,553

$61,071

O ct ., 1909.1

RAILWAY STOCKS AND BONDS.

co




R A IL R O A D S
F o r exp la n a tion o f colu m n headings, &.C., see notes
on fir s t page o f tables.

- M ile s
of
R oad

C h esapeake & O h io— (C on clu d ed )
G reen b & N ew R Iv R R 1st M g ass’ d (V 75 v „ „ „ )
G reen brier R y 1st M $ 3 ,0 0 0 ,0 0 0 g a s s u m e d . .. T a . c *
B ig S a n d y R y first m tg e $5 ,0 0 0 ,0 0 0 g o ld ____ C e .c *
P o t t s Cr B r 1st M $ 1 ,0 0 0 ,0 0 0 a u t h (V .8 3 ,p .6 9 3 )C e .c *
C oal R iv e r 1st M g a s s u m e d ........................... - - - C e . c *
R a le ig h & S o u th w 1st M $ 1 ,5 0 0 ,0 0 0 g a s s u m e d . .C e
V irg in ia A ir L in e 1st M $90 0,00 0 g a s s u m e d ____ c *
G en fd & im p M $ 3 0 ,0 0 0 ,0 0 0 red 1 0 7 > 4 -U s m .x c * & r
Guaranteed Bonds
E le v a to r C o first m ortg a ge gold p & l g u a r ____ C e .c
S econ d m tge t o r $500,000 Incom e n o n -c u m ____ c *
L ou is & Jeff U dg 1st M $5 ,0 0 0 ,0 0 0 gu p & 1 e n d - . c
N o rfo lk T erm & T ran s 1st M (V 07 p 322) g u ar p & 1
W estern P o c a h o n ta s C orp 1st M (V 84 p 9 9 5 ) _____
do
do
do
E x te n sio n N o . I . ,
do
do
do
E x te n sio n N o . 2 . .
R lc h m o n d -W a s h ln g to n C o (o n e -s ix th in t e r e s t )___
C h esapeake W e s te rn — C & W R R 1st M g o l d .............f
C h esapeake W estern R y m tg e $ 1 ,4 3 5 ,0 0 0 g ___E q .c '
C h esterfield & L a n ca s ter— 1st M $750,000 g o l d - . K . c '
C h estn u t Hill R R — S to c k rental P & R R y ............... ..
C h ica g o & A lton R R — C o m m o n s t o c k -------------------------P referred s to c k 4 % n o n -c u m u la t lv e _________________
4 % c u m u la tiv e p a rt an d p rio r lien s t o c k ____________

do
do
S cr D g gu due $11 3,00 0 s - a .- M
do
do
$ 82 ,000 Ser E d u e s -a _________ m
do
S er F $ 1 3 ,0 0 0 due s -a ____________
do
M iss R lv B r 1st M g assum ed s f draw n at 100____ c
K ansas C ity St L ou is & C preferred s to c k g u a r _____
J o liet & C h icago 7 % stock perpetual guar b y C & A
L ou isian a & M issouri gu aran teed preferred s t o c k . .
__________________________________

18
100
8*3

20

63J
-4
—
30
---

D a te
of
B on d s
1891
1900
1904
1906
1905
1906
1907
1909

1888
1888
1895
1898
1905
1906
1906
1903
27 1896
41 1901
36 1905
4 —
------—
—
—
- — ____
889 1899
943 1900
1907
—
1905
1906
1908
—
1909
—
1877
162
37 ___
101 —
----—
___
—
—
—

a G uar anteed

__
_

S ize, or
Par
A m ou n t
V a lu e Outstanding
$ 1.000
1.00(
1,00(
1.00C
1.00(
l.OOf
1,000
1,000 &c

Jolntl y and se ve ra lly w ith

O F F I C E R S .— P r e s .. G eorge W . S te v e n s , R ic h m o n d . V a .; 1st V .- P .
D e ca tu r A x te ll; S e c .-T r c a s ., Jam es S teu a rt M acK Ie; C o m p ., L . F . Sullivan
R ic h m o n d , V a .
D irectors — F ran k T r u m b u ll, C h airm an; E d w in H a w le y , F ran k A V a n
d erllp , J oh n W . C astles, H . E . H u n tin g to n , F . W . S c o t t , D e ca tu r A x te ll
G eorge W . S teven s a n d Jam es H . D o o le y .
N . Y . o ffic e , 71 B r o a d w a y .—
(V . 8 8 , p . 1312, 1372, 1619; V . 89, p. 40, 282, 525, 534, 7 2 0 , 1038.)
C H E S A P E A K E WE ST E RN R Y — O w ns N orth R iv e r G a p , V a .. to
B rid g e w a te r, 14 m .; lenses for 00 years from M ay 1 1902 C h esapeake &
W estern R R . , B rid g ew a ter to E lk to n , 27 m .; t o ta l, 41 m . P r o je c te d to tid e­
w a ter on C h esapeake B a y , and w esterly Into W est V irgin ia eonl field s, o f
w h ich 14 m ., fro m B rid g ew a ter t o N o rth R iv e r G a p , Is co m p le te d .
In 1908
all th e s to c k a n d b o n d s w ere a cq u ire d b y W . E . D . S to k e s. V . 8 6 , p . 1041
S to c k a u th o r iz e d , 550,01)0,uuo; o u ts ta n d in g , $ 1 ,4 1 9 ,0 0 0 ; o f w hich $608,
400 Is preferred . C h es. & W e s t. R R . has $53 3,50 0 c o m m o n and $31,300
p ref. s to c k o u ts ta n d in g .
C. W . R v . m tg e . o f 1901, V . 73, p . 899 1356.
Y e a r en d in g Jun e 30 1909 (41 m ile s ), gross, $ 80 ,011 ; n e t , $13 ,982 ; o th e r in ­
c o m e , $34 ,125 ; Int. o n b o n d s, $56 ,760 (n o t p a id ); ta x e s an d re n ta ls, $38,189;
b a l., d c f ., $ 46 ,842 .
P r e s ., W . E . D . S to k e s , T h e A n so n la , N . Y .; T r e a s .,
W . H . H a ll.— (V . 7 8 . p. 2383; V . 8 6 , p . 980, 1041, 1284.)
C HE ST ERF IEL D & LANCASTER RR,— O w ns C h e ra w , S . C., t o P a g e la n d , 38 m iles, an e x ten sion o f 18 m . from R u b y tow a rd s L a n ca ste r bein g
c o m p le te d J u ly 1907.
B on d s (lim ite d to $75 0,00 0) are Issuable at $5,000
p er m ile. V . 81 , p . 1790. T h e re w ere Jun e 30 1908 $67 ,000 d e b e n tu re 6s
ou tsta n d in g . S to c k , $ 5 0 0 ,0 0 0 , a m a jo r it y b e in g a cq u ire d In Jun e 1909 b y
th e S ea b oa rd A ir L in e R y .: par, $25 . F o r y e a r e n d in g Ju n e 30 1909, gross,
$54 ,246 ; n e t, $ 1 9 ,9 4 8 .
Y e a r en d in g Ju n e 30 1908, gross, $62 ,552 ; n et,
$15 ,016 ; o th e r In co m e , $918: in t ., ta x e s , & c ., $ 13 ,973 ; b a l., s u r ., $1 ,9 6 2 .
P r e s ., L . G . H aas; T r e a s ., R . L . N u t t.— (V . 8 9 , p . 40.)
CHESTNUT H I L L RR,— O w ns fro m G erm a n to w n to C h estn u t H ill, P a .,
b ein g d ou b le -tra ck e d M ay 1902.
R e leased In 1896 t o P h lla . & R e a d .
R y . , the rental bein g red u ced from 1 2 % to 6 % o n s t o c k , th e la tte r bein g
Increased In Ju n e 1902 from $12 0,65 0 to $1 9 5 ,6 5 0 .— (V . 7 5 , p . 76.)

4 m .;

CHICAGO & ALTON R R . — {S ee M a p Toledo S t. L o u is & W estern.) —
R O A D .— C h ica g o to S t. L ou is , K ansas C ity , & c ., In all 998 m iles.
R oa d ow n ed —
M ile s .
Hoad ow ned—
M ile s .
C h ica g o to E ast S t. L o u is , 111------- 280 M e x ico , M o ., to C ed ar C ity , M o . . 50
S h erm an , 111., to G r o v e , 111................51 R oodhouse. 111., to Kan. C., Mo 251
E ldred to B a rn e tt............................... 49 B lo o m in g to n to W a n n , v ia J a c k ­
C oal C ity L in e, I n d . . . .......... ............ 27
so n v ille . G o d fr e y and U p p er
D w ig h t. 111., t o W a s h in g to n an d
A lto n (all In I llin o is)..................... 158
L a c o n , 111.........
81 Trackage to P e o ria , 111., & c............. 17
lies t o M urray v llle , 111.......................34
------T o t a l o w n e d an d o p e ra te d J u ly 1 1909 (210 m . d o u b le tr a c k e d ).............998
A ls o o p e r a te s J oin tly w ith C le v e . CIn. Chi. & S t. L . fro m W an n to East
S t. L o u is , 18 m ., a n d w ith A t c h . T . & S. Fe fro m J o lie t to P e q u o t , 20 m .
T h e s to c k o f the P e o ria R y . T e rm in a l C o. Is o w n e d b y the C h icago & A lto n
a n d C h ic. R . I. & P a c. R y ., w hich g u a ra n te e th e first m tg e . bon d s ($ 1 ,5 0 0 ,­
000 a u th . Issue) and $280,000 2d m tg e . b o n d s. V . 8 1 , p . 1099; V . 83.
p . 752, 1171, 1291; V . 8 4 , p. 451; V . 85, p . 159.)
. „ ° „ R G 4 N I Z ^ T IO ,N -— The
r a ilw a y c o m p a n y w as org a n iz e d In A p ril
1900 an d p u rch a sed s u b s ta n tia lly all the s to c k o f the C h ic. & A lt o n R a ilro a d
T h e tw o co m p a n ie s w ere co n s o lid a te d In M ch . 1906 p e r plan V . 8 2 , p . 451.
th e R a ilw a y Issuing Its c u m u la tiv e 4 % p a rticip a tin g and p r io r lien s to c k In
e x c h a n g e fo r the o u ts ta n d in g s to ck s o f the R a ilr o a d , th e R a ilw a y ch a n gin g
Its n a m e t o th e C. & A . R a ilr o a d .
V . 82. p . 160; V . 7 0 . p 6 8 6 ,9 9 5 .
S T O C K .— T h e c u m u la tiv e 4 % p a r ticip a tin g an d p rio r lien s to c k Is e n ti­
tle d , In a d d itio n to p r io r rig h t to a c c u m u la tiv e d iv id e n d s a t the rate o f 4 %
per a n n u m , to receiv e a d d itio n a l d iv id e n d s eq u a l t o the ra te o f d iv id e n d s de­
c la re d o n the c o m m o n s to c k o f th e c o n s o lid a te d c o m p a n y .
In A u g . 1907
th e T o le d o S t. L ou is & W estern p u rch a sed from the R o c k Isla n d the co n
tro llin g Interest, v i z .: $ 1 4 ,4 2 0 ,0 0 0 c o m . an d $ 6 ,3 8 0 ,0 0 0 p r e f. s t o c k . V . 84,
p . 468 , 529, 792 . T h e U n ion P a cific ow n s $ 1 0 ,3 4 3 ,1 0 0 p re f. s t o c k , a cqu ired
In 1904. V . 8 4 , p . 1 4 8 8 .
D I V I D E N D S . — S em i-a n n u al d iv id e n d s o f 2 % on p re f. an d p articip a tin g
an d p rior lien s to c k s , p a id J u ly 1906 to J u ly 1909, ln c l., and In A u g.
1908 1 % an d in F e b . a n d A u g . 1909 2 % e x tra o n p a rticip a tin g s t o c k . D iv .
o n c o m ., 1 % , p a id A u g . 15 1908; 1909, 4 % (F . & A . ) .
V . 88, p . 157.
„ B O N D S .— T h e first lien (< Id R y .) 3 JSs o f 1900 are secu red b y a d ire ct first
lien on S prin gfield to G r o v e , 54 m ., and a Hen o n th e rem ain in g p r o p e r ty
o w n e d s u b je c t to the m tg e . secu rin g the r e fu n d in g 3s o f 1899 an d certa in
o b lig a tio n s and liens e x is tin g a t the c o n s o lid a tio n in 1906. V . 7 0 , p . 894,
944. See a p p lic a tio n t o list In full In V . 7 1 , p . 102 1, and p la n , V . 82, p . 451.
T h e R a ilr o a d (old ) m tg e , secu rin g the 3s o f 1899 w ill p r o v id e fu n d s fo r Im ­
p rov em en ts and ex te n s io n s .
B o n d s In e x ce ss o f $ 4 0 ,0 0 0 ,0 0 0 w ere t o be
Issuable thereunder on v o te o f tw o -th ird s o f sto ck h o ld e rs fo r ex te n sio n s o f
n o t o v e r 500 m iles m ain tr a c k , at not e x c e e d in g $2 0 ,0 0 0 per m ile, t o fu n d
rental o b lig a tio n s and fo r fu tu re b e tte rm e n ts n o t to exceed
o v e r $1 .0 0 0 ,0 0 0 p er an n u m , fro m J a n . 1 1900.
In J u ly
1909 $ 4 o,3 5 0 ,0 0 0 w ere o u ts ta n d in g , $ 8 ,0 0 0 ,0 0 0 , w h ich w ere p led ged to
secure the $6 ,0 0 0 ,0 0 0 5 % n otes o f 1907 h a v in g been s o ld , an d th e n otes
called fo r p a y m e n t on J u ly 1 1909. See circu lar, V . 69, p . 178; also V . 69,
9

7° ’ P‘ 429’ 739’ " 5: V ' 84, P ' 480, 5° 7, 626, 8° 3, 809:

S to c k h o ld e r s o f R a ilr o a d (old ) C o. v o te d o n S ep t. 7 1904 to a u th o riz e the
Issue o f refu n d in g b on d s In excess o f the $ 4 0 ,0 0 0 ,0 0 0 then sold and p led ged
v i z ., $ 5 ,0 0 0 ,0 0 0 fo r b etterm en ts and $35 0,00 0 for pu rch ase o f Q u in cy C ar­
ro llto n & S t. L ou is R y .
V 79. p. 2 1 1 , 967.
T h ere are $2 5 ,3 5 5 5 % P u llm an C o. e q u ip , n otes d u e qu a r. t o M a y 15 1910.
E q u ip , notes o f 1908 are s ecu red on 2 ,0 0 0 steel c o a l, & c., cars. V . 8 7 , p .1 2 3 7 .
L A T E S T E A R N I N G S .— 1 19 09____G ross, $2,3 5 4 ,7 4 8 ; n e t,
$926,679
2 m o s ., J u ly 1 to A u g . 3 1 . 119 08----G ross,
2 ,2 0 8 ,0 1 2 ; n e t, 1,01 6 ,6 4 2




5
4
4
4
4
4
5
5

g
g
g
g
g
g
g
g

1,000
820 ,000
4 g
1,000
4 5 0 .50C
4
1.000 a 4 ,500.000
4 g
1,000
5
500,000
1,000
750 ,000
4H
1,000
114,000
4M
1,000
51,000
414
1000 &c
9,500,001
4 g
500 &c
666 ,000
5 g
1,000
1,419,000
4 g
1,000
176,000
5 g
50
6
195,650
100 19,542,800 4 In 1909
100 19,544,000 1 In 19- 9
100
8 79 ,300 See text
1.000 &c 4 5 ,3 5 0 ,0 0 0
3 g
1,000 &c 22 .0 0 0 ,0 0 0
3 >4 g
1.116,000
5
1.000
4
6 6,500
1,000
1.672,000 4 & 5 g
1,000
1.582,000
4 g
1,000
1,476.000
414 g
1,000
23 7 ,0 0 0
4>4
1.000
9 2,000
6 g
100
6
1.750,000
100
1,500,000
7
100
7
329 ,000

C H E S A P E A K E & OHIO R Y . (Concluded).

*88 1 2 9 ' 9

$33 9,00 0
1,92 1,001
4 ,7 7 1 ,00(
600,000
2 ,2 5 0 ,0 0 0
75 0 .0 0 0
900,000
1 1 ,000,000

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a yable
F
M
J
J
J
J
M
J
A

&
&
&
&
&
&
&
&

A J P M organ
IN
do
D
J
D
do
J
do
N
J
do

& O
O ct 1
M & S
F & A
F & A
F & A
A & O
■
I
& D
F & A
A & O
F & A
Q -M
F & A
J
& J
J
& J
A & O
J
& .J
J
& D
J 16 & D
V a riou s
J
& D
d & N

& C o N Y A u g 1 1942
N o v 1 1940
Jun e 1 1944
J u ly 1 1946
Jun e 1 1045
J u ly 1 1036
do
M ay 1 1952
do
Jan 1 1920

do

O ct
O ct
M ch
Feb
Aug
do
Aug
3ct
Y June
N ew Y o r k T ru st C o N Y
do
do

/

do
do

1 1038
1 1988
1 1945
1 1048
1 1045
1 1945
1 1946
1 1043
1 1945
1 1051

K n ick e rb o ck e r T r C o N Y
T reasurer’ s O ffice P h lla
60 W all St N ew Y o rk
do
do
do
do
E q u ita b le T ru st C o N Y l’ o D e c 15 1 0 1 2
M ercantile T ru st C o N Y r o N o v 1915

do
do
do
do
& O 60 Wall St N Y
Q— F
do
do
Q—J
do
F & A
do
do
A

Clevelan d

B on d s— P r in e i
p a l, W h en D u •
S locks— Last
D ivid en d

W here P a y a b le, and by
W hom

1
i

t

F e b . 1919
1 1912
1909 1 M

3M

Clncln natl C h icago & S t L ou is

R E P O R T .— F o r y e a r e n d in g Ju n e 30 1909 w as In V . 8 9 , p . 089.
„
,
1908-09.
G ross e a r n in g s ------------------------------------------------------------$ 1 2 ,500 ,68 2
7 ,4 0 8 ,5 9 8
O p e ra tin g e x p e n s e s --------------------------------------------------....................................................... - ............$5,092,084
H ire o f e qu Ip m V n V an d 're'n ta il 1111111111111111 * J$367;r>37
D iv id e n d s
D iv id e n d s
D iv id e n d s
D iv id e n d s

on
on
on
on

1907-08.
$12 ,1 0 2 ,7 9 0
7 ,6 5 8 ,4 1 6
$ 4 ,444,374
$4$167!514

g u a ra n te e d s t o c k s ___________________
241,024
24 1,0 24
p rio r Hen s t o c k ---------------------------------(8 % )7 0 ,3 4 4 ( 5 % )4 3 ,9 6 5
p re fe rre d s to c k ( 4 % ) ______________
781 ,760
78 1,7 6 0
c o m m o n s t o c k ---------------------------------- (4 % )7 8 1 ,7 1 2 (1 % )1 9 5 ,4 2 8

B a la n ce , surplus a ft e r d lv ld e n d s .
Old B u o m —
u a s is —

IVU O-U i .

$32 ,445
1U OD -U O.
1905-06.

$29 9,75 9
1 U U 4 - U 5.
190 4-0 O .

Gross earnings...........................................$12,809,426 $ 1 1 , 5 8 6 , 0 0 4 $ 1 1 , 7 9 7 , 3 1 4
Net earnings............................................ $4,784,974 $3,767,191
$4,194,651

O F F IC E R S .— Chairman o f B^ard, Thom as H . H ubbard; Pres., Theo F
Shonts; V .-P ., Edwin Hawley, Geo. H. Ross and W . L. Ross; Chairman
Executive Comm ittee, Thos. H. Hubbard: Treas., F. H . D avis.; Sec. and
Asst. Treas., J. Steuart MacKIe.
- „ f 'raz,er- J- J- Mitchell, Edwin H aw ley. Thom as H .
t Sw ,
e P. Shonts. Geo. H R oss, Joy M orton. F. H . navis. Edward
T ld e n , W m . G. Beale and H . E. Huntington.— (V . 89, p. 918, 989.
CHICAGO B U R L 1N 0T 0N & QUINCY R R .— ( S e e M a p . ) — R O A D — Op
crates a great system o f roads extending from Chicago westerly, reaching St.
Paul and Minneapolis. Minn.; St. Louis and Kansas City, Mo.; Om aha. Neb •
Denver, C ol.; Cheyenne, W yo.; Black Hills, S. D ., and Billings, M ont. T he
accom panying map shows clearly the system , viz.:
..
Allies. I
M ile s
Lines east o f Missouri R iver____________ 4,350] Lines lea sed -....... .........
215
Lines west o f Missouri R iver_____ 4 ,383J Narrow-gauge lines. - ........
73
T o ta l o p e ra te d Ju n e 30 190 8............................................................... ................ 9 ,0 2 1

In D ec. 1908 $23,657,500 of the $31,000,000 Colorado & Southern com .
mon stock (practically a controlling Interest) was acquired, affording con ­
nections with the Gulf of Mexico, the C. & S . system including trackage
aggregating 2,769 miles. V . 87. p. 1663; V . 88, p. 157, 685.
O R G A N IZ A T IO N , dsc.— This was a consolidation In July 1875 o f the
Chicago Burl. & Quincy In Illinois and the Burlington & Missouri River In
Iow a. Numerous subsidiary and other lines have since been merged In
the C. B. & Q „ am ong them Chicago Burlington & Northern, Kansas City,
St. Joseph & Council Bluffs. Hannibal & St. Joseph. Burl. &Missouri. & c .
Sioux City & Western R y ., 229 m ., was merged Dec. 1908. V . 87,p. 3 4 7 .
In 1901 $107,613,500 o f the $110,839,100 stock was exchanged toi in<Joint 20 year 4% bonds o f the Gt. Northern and Northern Pacific, secur- d
by the deposit of the stock In trust, on the basis of $200 In bonds for $ 1 0 0
stock. See circular, V . 72. p. 871, and application to list, V. 73, p. 203
and description o f bonds under Great Northern.
C A P IT A L S TO C K .— The stock has been Increased for the acquisition of
new lines, retirement o f over $15,000,000 convertible debentures. &c.; In
1880 a 20% distribution was m ade. See "O rganization” above.
D I V S .l ’ 95 to *97. ’ 98. ’ 99 to S ept.’ 01. ’ 02 to July’ 07. Oct .’ 07. ’08. 1909.
Per ct.J 4 yearly 5 H
6 yearly
7 yearly
8
8
8
BON DS.— In April 1909 the holders of bonds o f various Issues (marked
” above) were offered the option of exchange for general mortgage 4 %
bonds on certain terms. V .88, p. 1060. 1127, 1559; V.89, p. 40, 720. The
general mortgage bonds ($300,000,000 authorized Issue, interest not
to exceed 5 % ) are a first lien on about 3,070 miles o f road and on retlrem.-nt «> the outstanding underlying bonus, lor which b >nus are r,
t
served as b ’low noted, will be a first lien on the entire mileage owned,
a-r-Tegarlnd s.| )5 nilh-s
The bond* have been Issued or are Issuable as
follows (see V . 86, p. 1342, 1466; V . 88, p. 504, 685.)
Reserved 10 retire outstanding bon d s of previous Issues aggre­
gating 8167.565,00') (of which $17,428,300 were held In
various sinking fu n d s '....... .............................................................. $ 1 7 5 ,0 0 0 , 0 »•
Issuable to meet expenses of retiring said prior bonds_______
2 000 line
Issuable 1o ' reimbursing the treasury fo r outlays already made
’
’
by It for betterments and additions ($22,000,000 sold )____
45,000 000
Issuable for ad d ’ns, Impr’ ts and betterm ’ ts of and to the m ort­
gaged property (of which $13,724,000 s o ld )_____________
78,000,000
In Jan. 1909 $20,000,000 general 4s were sold, of which $13,724,000 were
used to purchase $23,657,500 Col. & South, com . stock, $6,000,000 for
acquisitions and lm prov’ts and $276,000 to retiro old bonds. V. 88, p. 685.
The to w n D iv i s io n bonds arc a first m tge. on the main line In Iowa from
Burlington to East Plattsmouth on the Mo. R iver, 272 miles, and on 621
miles of branches and 86 m . o f second track. These bonds have a 8. f. of
1 1 % ($203,800) yearly, for which the 4s are subject to call at 100 and the
-4
________ _________
5s at 105. The single main line and'branches covered "shall not e x c e e d In
the a ggrega te 900 m iles” at $16,000
$14,000 p e r m ile . V . 65, p. 462 .

er m ile ; on se co n d tra ck a d d itio n a l

T h e N ebraska exten sion b o n d s o f IS87 are Issued at $ 20 ,000 p e r m ile for
single an d $10 ,000 per m ile fo r se co n d track o n n o t e x c e e d in g 1,500 m iles
O n m erger o f roads In N o v . 1907 the m tg e be ca m e a d ire ct first lien.
Ab­
stract o f d e e d , V . 4 5 . p . 441; V . 85, p . 721.
Burlington & M is s o u r i R R . in N ebraska consol, m tg e . o f 1878 Is now a
first m tg e . o r first co ll, lien; th e y are s u b je c t to call fo r the sin kin g fu n d a t
par; the " e x e m p t ” b o n d s since 1908; $ 23 7,80 0 retired In 1909.
E A R N I N G S .— 2 m o s ., 1 1909 ____ G ross, $ 1 4 ,7 2 6 ,6 1 1 ; n e t,
J u ly 1 to A u g. 31.
J 1908 ----- G ross, 13,189,767 ; n et,

$1 ,6 8 3 ,8 6 8
4 ,5 1 7 ,0 2 7

R A IL R O A D S
F o r exp la n a tion o f colu m n h eadings, & c ., see notes
on fir s t page o f tables

M ile s D a te
of
of
R oad B on d s

Chicago Burlington & Quincy— S t o c k _________________
(Jen m ure SJo .i . oOo .Oiio law ful m o n e y ___Cc c * A r '
8.495 1908
Illin ois D Iv first m ortg a g c\ $ 8 5 ,0 0 0 ,0 0 0 c u rre n cy re 11.648 J1899
11899
( V . 8 3 , p . 625: V . 6 9 , p . 283) fd e e m a b le a t 1 0 5 -- N L /
xS In k ln g fu n d Iow a D lv 5s (co l trust) draw n a t 1 0 5 . \ 891 J1879
11879
/
1881
D en v er e x te n (coll tr) b o n d s s f draw n a t 1 0 0 -N B .c
370 1881
x D eb en tu res fo r H a n n ibal A S t Jo se p h s t o c k . .
c
1883
x N eb ra sk a e x t $20,000 p m (s f n o t draw n ) N B .c ’ Ar 1,471 1887
J1878
11878
1880
x H annibal A St J oseph con s M n o w 1st M
F .c
289 1881
K C St J os & C o B —
1st Ms N od & T a rk V al R R s s f (draw n a t par) c
59 1880
x R c p V al 1st M guar (red a t par) s f $14,000 y r l y . l . c
90 1879
L in coln & N W R R 1st M guar s f 1% n o t draw n .
73 1880
C h ica g o C incin A L o u ls v — Re<vh <r’ s c ifs call at par
1908
R e c e iv e r ’s certificates $ 1 ,5 0 0 ,0 0 0 _______ _______ _ . .
1909
" OB, c*
C R A M 1st M g _____________
180 1900
C h icago A C incinnati 1st M $75 0,00 0 gold call text
50 1902
C incin A Ind VV first m tge $600,000 call t e x t O B .c
33 1902
C h ic Cln & L o u ls v gen A ret m tge guar t e x t
A B .c
264 1903
H oosler E q u ip m e n t 1st M Series A gu ar p & 1
BB
1902
E q u ip m e n t tru sts, part d u e y e a r ly .
1903
C h ica g o & E III— P ier sto ck 6 % n o n -cu m ($10,000 pm )
D an ville & G rape Creek R R — 1st M a s s u m e d ____ c*
9 1880
F irst m ortg a g e e x te n s io n ........................................... __c*
14 1881
C on solid a ted m ortg age (fo r $ 5 ,948,000 ) g o l d - .C e .c *
191 1884
C ollateral trust b on d s sinking f u n d ________________ c*
1887
G eneral con sol and 1st M $ 3 0 .0 0 0 .0 0 0 .......... C e .c * A r
817 1887
C h ic & Ind C o a l— 1st M $25 ,000 p m a s s u m .-M p .c *
176 1885
1881
E v a n sv ille T erre H au te & C h icago Incom e m ortg age
817 1905
R e fu n d A Im p M (te x t) gold red at 1 0 2 H B a .x c * A i*

S iz e , o r
Par
V a lu e

I N T E R E S T OR D I V I D E N D S

$100
1,000 A(
1,000 A c
1,000 A c
1,000
1,000
1,000
100 A c
1,000
1.000 A c
600 A c
600 A c
1,000
1,000
1,000
600 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1.000
1.000
1,000
1,000
1,000 A c
1.000
1.000
1,000 A c

b $72 3 ,0 0 0 and c $ 5 ,4 3 4 ,0 0 0 can celed n o t Inclu ded. d $2,2 93,000; e $4,103
T h e sin kin g fu n d s h eld a liv e Jun e 1909 o f b o n d s a b o ve: h $2,591 ,000; I $4
f O f w h ich In treasury J u ly 1909, $ 2,000.
x S ee o p t l on o f exci
A N N U A L R E P O R T .— Fiscal y e a r ends Jun e 3 0 . R e p o r t f o r 1908-09
w as In “ C h ro n icle ” O ct. 30 (see also e d ito r ia l), sh o w in g results o n all lines
o p e r a t e d a n d c o n tr o lle d .
1908-09.
190 7-0 8.
In c. or D ec.
9,279
9,282
—3
M iles o p e r a te d Ju n e 3 0 _______________
F reig h t ----------------------------------------------- $ 52 ,768 ,76 3 $ 5 3 ,0 3 6 ,3 0 6 — $267,543
P a ssen g er---------------------------------------------- 19,797,152
18,81 9 ,2 3 9
+ 9 7 7 ,9 1 3
M ail an d m is cella n eou s_______________
6 ,8 48,442
6 ,6 0 3 ,5 1 9
+ 2 1 4 ,9 2 3
G ross e a rn in g s _________________ - ..$ 7 9 ,4 1 4 ,3 5 7 $78 ,459 ,06 4
O p era tin g In com e a ft e r t a x e s ___ - ..$ 2 1 ,3 0 1 ,2 6 3 $20 ,005 ,00 3
O th e r In c o m e _____________________ . . D r . 471,792 D r .2 4 6 ,6 1 2

+ $ 9 5 5 ,2 9 3
+ 1 ,3 5 6 ,2 6 0
— 225,180

W h ere P a y a b le, and by
W hom
N Y B o sto n an d C h icago
Bank o f C o m m e rce , N Y
B a n k o f C o m N Y ; A B os
do
do
do
do
do
do
do
do
do
do
do
do
do
do
B ank o f C o m m e rce D ost
do
do
do
do
Bank o f N o r A m e rica N Y

B on d s— P r in c i­
pa l, W hen D u e .
Stocks— L a st
D ivid en d
O ct
den
J u ly
J u ly
O ct
O ct
S ept
F eb
M ay
M ay
J u ly
July
Jan
M ch

S econ d N a t B ank B oston Jun e
Bank o f C o m m erce B ost J u ly
C o m p a n y ’ s O ffic e B o sto n Jan
July
O ct 1907 c o u p last paid
A u g 1907 c o u p last p aid
D ec 1907 co u p last p aid
A m e r L o a n & T r C o D ost
B o sto n S D e p & T r B ost
A m er L oa n A T r C o B ost
H a n o v e r N at B ank N Y
C entral T ru s t C o N Y
F o u rth N at B ank N Y
C en tral T ru st C o N Y
do
do
do
do
M e tro p o lita n T r C o N Y
F a rm ers’ I. & T r C o N Y
B a n k ers’ T ru st C o N Y

1 1909
i 1958
1 1949
1 1949
1 1919
1 1919
1 1921
1 1922
1 1913
1 1927
1 1918
1 1918
1 1910
1 1911
1
1
1
1

1920
1919
1910
1911

O ct 1 1950
F eb 1 1952
Jun e 1 1952
J u ly 1 1953
J u ly 1910-1912
T o Ju n e 1913
O ct 1 1909 I X
M ay 1 1920
D ec 1 1 9 3 1
O ct 1 1934
Feb 1 1912
N ov 119 37
Jan 1 1936
M ay 1 1920
J u ly 1 1955

fu n d (ca n c e le d ): g $8,46 7,800.
m $29 6 ,0 0 0 n $9 ,0 0 0 .
8 8 . p . 1060. 1127, 1559; V . 8 9 , p . 4 0 .

tl? 1? a t 5250 p er $100 c o m . s to c k tru st c e rtifica te and $150 p er
n r°p n ?fri‘i t0CH t r l1?t ce rtifica te , p a y a b le In g o ld , and o b lig a te s Itself t o p a y
g a tb fg I t s e l f 10 ^
^
JP ljr 1 i,902 at s a m c r a t e s - m e a n w h ile o b llee.H 0 . 1 ^ 0 f t o Pa y . 1 0 % d iv id e n d s on th e c o m . and 6 % o n th e p re f. tru st
nBn ' n ^ CS’ re s p e c tiv e ly , these a m o u n ts bein g e q u iv a le n t t o 4 % o n th e
prin cip a l sum t o be e v e n tu a lly received In p a y m e n t th e r e fo r .
U p on fa il­
ure to p a y a n y d iv id e n d w ithin 30 d a y s a fte r d e m a n d t h e ic fo r . a n y h old er
th V ' L y ilca t^ t ° H lc tr u ''tee und re ce iv e th e shares repre­
‘i
sented th e r e b y .
V 7 5 . p. 289 393 , 1031; V . 8 2 . p . 48.
A m a jo r lt v o f
tn is t ce rtifica te s w ere In 1905 e x c h a n g e d fo r c e rtifica te s In
o,ul<,<
tor
onS4 ° f 51 J*00 e a c h , re p re se n tin g 4 shares o f c o m m o n s t o c k , b ea r­
.
in g 4 % Interest, and p a y a b le In 1942 a t fa c e v a lu e .
See form V . 8 0 , p 1856.

T o t a l in c o m e ________ _______ ---------$20 ,889,471
In te re s t an d sin k in g fu n d ........... --------8 ,5 5 1 ,3 3 6
B e t t e r m e n t s ____________________ --------- 2,26 8 ,8 1 6
D iv id e n d s o n s t o c k ___________ -------(8 )8 ,8 6 7 ,1 2 8

D I V S .( % ) 1 ’ 09. 0 0 . ’0 1 . ’0 2 . ’0 3 . ’0 4 . ’0 5 . ’0 6 .
$19 ,758 ,39 1 + $ 1 ,1 3 1 ,0 8 0
’0 7 .
’08.
1909.
On p r e f - . i
6
7 ,6 4 2 ,9 0 2
+ 9 0 8 ,4 3 2
8 6 6 6 6 6 6
6
6
6
C om m on - J 3 X 4 X
3 ,2 2 5 ,9 9 5
— 957,179
bX
6
6
8
10
8
10
10 J u n e . 2 %
(8 )8 ,8 6 7 ,1 2 8
__
'r J ? . ? ^ ' T , ™ /! , O ew ral consol and 1st m tg e . o f 1887 (tru ste e . Central
B a la n ce , s u rp lu s----------------------------- $1,202,19S
Prov|d es fo r th e re tire m e n t o f $6 ,3 0 7 ,0 0 0 p rio r b o n d s and for
$22 ,367 + $ 1 ,1 7 9 ,8 2 5
d at 518 .000 p e r m lie fo r sin gle tra ck ; also fo r bunds
D I R E C T O R S .— G eo. B . H arris ( P r e s .), D aniel W illa r d , D ariu s M iller,
f °n «
T r
r
rl nt
pnr m le an d fo r d o u b le tra ck at $8,000 per m ile ,
C h ica g o, 111.: J . J. H ill, S t. P a u l. M in n.; Jam es N . H ill, G e o . C. C lark,
v ^ 9 7 th ,e. f e o - co n so ls w e re lim ited t o $ 3 0 ,0 0 0 ,0 0 0 . See V . 64, p . 1088;
W . P . C lou g h , J o h n F . T a lm a g e , N o rm a n B . R e a m , G eo. F . B aker and
7 ft/r 8 ’ P
d„l,446:n V - 7? ’ P : 1 3 3 l : V - 80, p . 1728; V . 8 4 . p. 1550;
V . 85. p
S a m u e l T h o rn e , N . Y .— (V . 88, p . 1559, 1619; V . 8 9 , p . 285, 528, 720.)
* 34Jf,„ „ S cr es„ n e q u ip b o n d s m atu re $57 ,000 ea ch Ju n e
,
„
and D e c . a n d
$ 5 6 ,0 0 0 ea ch M arch and S e p t.; Series C . $ 53 ,000 s -a ., J-J ; Series D $15 000
CHICAGO CINCINNATI & LO U ISV IL LE RR .— O w ns C incinnati
Series E , $ 1 2 o ,0 0 0 F e b . a n d A u g .; Series F , $ 22 0,00 0 F - A . '
’
to L ou isv ille J u n ctio n , I n d ., 265 m iles; tra ck a g e L ou isville J e t. t o C h i­ H
c a g o , 111., 18 m .. total 283 m iles. A co n so lid a tio n In 1903; V . 76. p . 1 2 4 7 . i « n n i t o - r W l ! 1 and im p ro v e m e n t g o ld 4s o f 1905 ($ 5 5 ,0 0 0 ,0 0 0 au th
'
In M arch 1907 a settlem e n t w ith th e Cln. H am A D a v to n Interests w as cm de m l n t <')J n a °«^ ^ r?->rflS
n
nnXetl fo r adcE tlans a n d Im p ro ve m e n ts, In clu din g
reached u n d er w hich th e $3,50 0 ,0 0 0 P e rc M arqu ette co lla te ra l tru st b o n d s aS d 1 ^ a V n f ? q I 7 4 ’iC26' h00 h ,rc tlr £l 5 fo r, 5. $ 3 0 ,0 0 0 ,0 0 0 gen . c o n s o l,
1?
°
an d 1st 5s o f 1937. Issued and Issuable, a n d $ 4 ,6 2 6 ,0 0 0 C h icago A Ind
secured b y th e C. C. & L . s to c k w ere c a n c e le d , th e s to c k being retu rn ed to
the old h o ld e r s , a d e b t o f a b o u t $800,000 being can celed and th e C. C. & L . C oal R y . 5s. V . 8 0 . p . 1424; V . 81, p . 1436; V . 8 8 . p . 451 .
r eceiv in g $400,000 In r e c e lv e is ’ ce rtifica te s o f th e Pere M arqu ette
V. 84,
E A R N I N G S .— 2 m o s ., 1 1 9 0 9 ------------G ross, $ 1 ,8 2 3 ,2 1 0 ;
n e t. $ 68 1,17 0
p. 507, 093. M anagem ent was surrendered J a n . 1 1906 to the fo rm e r o w n ers.
J u ly 1 t o A u g . 31.
J1908-------------G ross, 1 ,6 28,928;
n e t, 502,352
O n F eb . 13 1908 Jam es P . G o o d rich w as a p p o in te d re ceiver, there bein g
a floatin g d e b t o f $1 ,7 5 0 ,0 0 0 a n d m a n y sm aller cla im s being o v e rd u e .
R E P O R T .— FrO ^1908-09 w as in “ C h ro n icle ” o n o r a b o u t O c t. 30.
y e a r s ending J u n e 3 0 —
190 8-0 9.
1907-08"
V . 86, p. 420 , 479.
O n M ay 26 1908 $1 ,0 0 0 ,0 0 0 6 % r e ce iv e r’s c e rtifica te s
I n c .'o r D e c .
------------------------ $ 1 0 ,2 6 9 ,6 1 9 $10,742,731
w ere a u th o r iz e d , due In 3 years, bu t su b le ct to call at nnr on a n e Interest
O perat n g r e v e n u e .
— $47 3,11 2
day.
V . 8 6 , p . 793, 1343; V . 88, p . 52. In M ay 1909 a p p lic a tio n w as m ade
Operating In co m e (after taxes)----------- 3,06 0 ,9 7 1
3 ,0 2 9 ,3 5 2
+ 31,619
t o Issue $ 1 ,5 0 0 ,0 0 0 r e c e iv e r ’s certificates. V . 88, p . 1312.
Net (Including other Income)________ 3 ,6 4 6 ,5 7 4
4,018,851
— 3 72 ,277
In te re st an d r e n ta ls_________
2,951 403
In O c t. 1909 N ew m a n E r b a n d a s so cia te s h ad a cq u ire d a la rge a m o u n t
2,882,624
+ 68,779
DIv. o n p r e f. s t o c k , 6 % __________
529^842
o f th e c o m p a n y ’s secu rities. In clu din g, It w as r e p o r te d , $ 2 ,6 0 0 ,0 0 0 gen . an d
529,842
D iv . o n c o m m o n s t o c k _______________ ( 2 ) 1 4 4 ’356 (1 0 )7 2 1 ,7 8 0
r e f. 4 X s , $ 3 7 4,00 0 n otes a n d so m e c a r trust o b lig a tio n s . V . 89, p . 1068.
— 577,424
In D eo. 1008 filed a g reem en t c o v e r in g p u rch ase o f 460 cars fo r $ 37 2,07 6
Protective C om m ittees.— A c o m m itte e tN . W . J o rd a n , C h airm an, A O
B a la n ce fo r y e a r -------------------------------su r20,973 d e f$ 115 ,3 9 4
+ 1 3 6 ,3 6 7
R a y m o n d . 67 M I'k St
B o s to n , S e c.; A m erican T rust G o.. B oston d e p o s i­
t a r y ) , r e c e iv e d d ep osits o f gen . a n d r e f. 4 ^ s an d in J u ly 1900 a d v is e d a c ­ mri?n«F I TE § S '-— P r e s .’ II I . M iller, C h ica g o ; S e c ., J. S. F o r d , C h icago;
^
/r\ 1 i ', L c ? v c s ’ C h ica£0- N cw Y o r k o ffic e , 115 B ’ w a y .— (V . 88
c e p ta n c e o f an o fie r o f 50 fo r th e b o n d s. V . 8 6 , p . 856; V . 89, p 2 ,>
4
p . 0 / 4 , 4 o l , 1127.)
A n oth er c o m m itte e (Seth M. C a rter, C hairm an; Charles H . G ilm a n . 82
E x ch a n g e S treet, P o r tla n d , M e ., S e c.; O ld C o lo n y T ru st C o ., B o sto n d e ­
C H IC A G O & E R IE R R .— (S ee M a p E r ie R R .)— O w ns from M arlon . O .
p osita ry) receiv ed d ep os its o f C h ic. & C in e. 1st 5s, C in e. U. A M. 1st 5s
t o H a m m o n d , I n d ., 249 m ile s, and leases tra ck a ge o v e r C h icago A W est Ind
a n d C in. A In d . W . 1st 5s. In J u ly 1909 o v e r th ree-fou rth s o f each o f the
t o C h ica g o , 20 m ile s.
E rie R R . C o. o w n s en tire $100,000 stu ck .
three Issues had been d e p o s ite d an d an arran gem en t th a t w ill b en efit the
b o n d h o ld e rs h ad been m ade w ith H . B . H ollin s A C o ., N ew Y o r k .
V 87
B O N D S .— T h e // r M mortgage (trustees C entral T ru st Co and E d w ard
p . 1237; V . 88, p . 451; V . 8 9 , p . 40.
Im ii!m « * w u m n 4
nnm i , u °.f r o a d - th e c o n t r a c t w ith th e C h icago A W estern
c
n r u tr h V 5 ‘ .<>00,000 o f th a t c o m p a n y s s to c k and $240,000 s to c k o f C h icago
S T O C K A N D B O N D S .— S to c k o u ts ta n d in g , $ 4 ,2 0 6 ,0 0 0 ; p a r, $100.
B eit R y .
See a b s tra cts . V 5 1 . p. 911 ; V 6 1 . p 750
T h e Cine. R ich m o n d & M uncte 1st 5s, C h icago A C incinnati and C ine. A
eom er
30 1? 0 9 , (rross- 54.2 8 9 ,9 6 9 ; n e t, $633,558; o t h e r I n I n d . W est Issues are all s u b je c t t o call at 110 a fte r 10 years fro m th eir
deL ,C’$456 3 5 4 ’ l n t ” t a x c s ’ & c “ 5 1 .1 6 0 ,0 1 7 ; im p ro v e m e n ts , $14 ,194 ; b a l.,
Issue, th e Cln. R ich . A M uncle a fte r O ct 1910
See o ffic ia l s ta te m e n t, V .
71. p . 1066: V . 74. p . 1105. O f th e gen. and ref. 4 y .s o f 1903, A m e rica n
L oa n A T r u s t C o. o f B oston an d U nion T ru st C o . o f In d ia n a p o lis are tr u s ­
“ C H IC A G O ,, G R E A T W E S T E R N
R A I L R O A D .— R O A D .— F o r m s the
tees. V . 7 7 , p. 349 , 1532; V . 8 0 , p . 649 . T h ere are also $ 75 ,000 H a m ­ c a s t e ,iv
' radiatin g from O e lw e ln , l a ., n o rth e rly t o S t. P aul
m o n d B elt R y . b on d s.
e a s t u ly t o C h icago and s o u th e rly and w e ste rly t o K an sas C ity and O m a h a :
E A R N I N G S .— 12 m o s .,f 1 9 0 8 - 0 9 ..G ross, $ 1 ,3 5 9 ,1 0 4 ; o p e r . d e f ., $ 23 ,005
,
.. ..
C hI e a g o ^ S t i°Pa u l 55.
7
" .4 0 0 M ason rat&ity A r ^ eoerm. e D.t..d g eM ile s .
", ° . ‘une,?
n
J u ly 1 t o .June 3 0 .
\ 1 9 0 7 -0 8 ..G ross, 1 ,0 41,156; o p e r . d e f ., 95,656
C
F t
o
.
O elw eln to St J o s e p h _________I .I 2 9 0
Y e a r e n d . Jun o 30 ’ 08, gross, $ 1 ,0 4 1 ,1 5 6 ; d e f . u n d er o p . e x p ., $ 1 2 1 ,8 1 6 .
399 m iles, v iz .;
Bee Creek t o B e v e rly _______________ 23
O ffic e , C h ica g o , 111.— (V . 8 8 , p . 1312, 1436; V . 8 9 , p . 4 0 , 224, 1068.)
O e lw e ln , l a ., t o C o u n ’ l B l’ f s . 260
S um ner to W a v e r lv _____ .
22
H ayfield . Minn .to Clarion l a . 100
CHICAGO & EAST ERN ILL INO IS R R . — (See M a p s , pages 118, 119 ) —
M a n to rv llle , D e K a lb an d . C ed ar
B ran ch es t o L eh igh an d C oal,
.
O perates road (d o u b le track t o D an ville J e t ., 106 i f ) from C h ic a g o , 111. t o
F a lls, b r a n c h e s _________________ 20
vitle, I o w a ________________
is
T erre H a u te . I n d ., and bitu m in ou s c o a l fields; also t o T h e b e s and J o p p a . III.
Trackage (total, 85 m iles) —
Trackage—
L in e s owned In fee.
M iles. B ran ch es to C oal M in e s ................
15 S t. P aul to M in n e a p o lis____________ 1 1 D e n v e r J e t ., I a ., to W a te r lo o _
13
D o lto n to D a n v ille , III....................... 107 R o ssv llle J et. t o J u d y v llle , I n d . . 14
C h ica go T e rm in a ls ________________ 10 C ou n cil B lu ffs, l a . , to S o . O m a ­
D a n v ille , III., to B razil, I n d ..............61 H u n t’s E x te n s io n ---------------7 G alen a J e t ., I ll,, to D u b u q u e , l a . 14
h a , N e b _______
.
__
s
M o m c n e e J c t ., 111., to B razil. I n d .130 O t h e r . . -----------------------------------------D cs M oin es T e rm in a ls____________
3 W is.M in n . A P a c .R R . , 271 m iles"
2
D an ville J e t. 111.. t o T h e b e s . HI. 277
B e v e rly to K ansas C it y ____________ 38
Other T ra ck a ge, & c .—
M a n k a to t o R e d W in g , M in n.
96
J o p p a J e t. t o J o p p a , 111____
.
16 P a n a, 111., to E . S t. L o u is ............... 85
S t. J o s e p h , M o ., to B e e C re e k ___
9
R e d W in g to O sage, I a _______ 1 1 9
Clssna J et. t o Olssna P a rk , 111____ 1 1 C h icago to D o lt o n , Ch. A W . I n d . 17
YYTnona to S im p so n , M inn_
54
H ossv llle J e t. to Sldcll Jet , 111___34
O tte r C reek J et. t o T erre H a u t e ..
6
B ra n ch to C la y B a n k s, M in nI
3
P e r c y J et. t o La CroSse, I n d _____ 46
O th er lin e s.......... ..........
38
M ilford J e t .. III., t o Freeland I n d . 11
•Grand t o t a l ..................................._ ...........................
1~486
C oal B lu ff, I n d ., t o C a sey. I n d . . .
7
T o ta l o p e ra te d J u ly 1909..............965
T h e en tire c a p ita l s to c k s o f th e M ason C ity A F o r t D o d g e R R Go and
W o o d la n d . Ill to V illa G r o v e ___ 62
D o u b le t r a c k ......................................- . 1 7 7
th e W isco n sin M in n esota A P a cific R R . C o . are o w n e d a n d th elr ro a d s oper^
F in d le y , III., t o P a n a ....................... 20
a te d u n d er a greem en t. S ee th o se c o m p a n ie s .
0
oper
H I S T O R Y . L E 4 .S E S , A c — In A u gu st 1902 th e S t. L . A San F
O R G A N I Z A T I O N .— I n c o r p o r a te d In Illin ois A u g . 20 1909 ns snceesenr
qulred th e greater part o f th e s t o c k , as said be lo w .
p e r pla n V . 88 , p . 149 7, o f railw ay o f sa m e n a m e a c q u ir e d a t ju d icia l sale
p .U528, 592
y
M° r e a n & C° - r e o rg a n izatIon m a n * g e r s . V . S8 9^
S T O C K — C om m on stock o u ts ta n d in g . $7,21 7 ,8 0 0 ($15,000 p in )• n re f
$ 8 ,8 3 0 ,7 0 0 .
In a d d itio n , $6,408,300 c o m . and $161,300 p re f. w ere held In’
tru st b y T ru st C o. o f A m erica In J u ly 1969 as a part o f “ tru st a sse ts” u n d er
agreem en t d a te d Ju ly 1 1905, for Im p ro v e m e n ts , a cq u is itio n s o r refu n d in g
to be term in a ted on sa tisfa ctio n o f the S t. L . A S. F . s to c k tru st a g reem en ts
below referred to
V. 8 5 , p. 1001.
In A u g . 1902 th e S t. Louis A San F ra n cisco R R . g a v e In e x c h a n g e fo r th e
c o m . and p ref. s to c k Its s to c k tru st ce rtifica te s at th e rate o f $100 th e r e o f
fo r each $100 share. V . 75, p. 289.
In Jan . 1905 all o f th e $ 7,217 800
c o m . and $6,211,700 o f the $8,99 2 ,0 0 0 p re f. had been e x ch a n g e d o n this
basis. T h e S t. L ou is A San F ran , has th e o p tio n t o retire th e tru st cc rtlfl-




A s y n d ic a te w ill p r o v id e the cash re q u ire m e n ts o f th e pla n — $24 892
^reclucllnpr $0,802.274 fo r Im p rovem en ts a n d e q u ip m e n t)__recelvlng'ther'efor
$ 1 8 ,5 0 0 ,0 0 0 new first m ortg age 4 % b o n d s. $ 1 0 ,136 ,60 4 p reL a n d $ 3 ? 641 333

am- w i t

B O N D S — O f new first 4s, $ 1 8 ,5 0 0 ,0 0 0 w ill b e sold to th e sy n d ica te an d th e
thins
th e 52 ’ 9 0 0 -000 Present issue w ill be so ld fo r a d d l,8
A ? i ? n o i )C n a » C m ' h S req u ired , s a y , w ith in th e n e x t tw o o r three y e a rs .
ii1
,n
hnn ,}«
!
u n d er the m tg e . to retire the 1st m tg e.
nnd
,F t ’
a,ui " T s . M inn. A P a c. ($ 1 2 ,0 0 0 ,0 0 0
an d $ 5 ,8 1 1 ,0 0 0 r e s p e c t iv e ly ), a n d fo r n e w p r o p e r t y , b e tte r m ’ ts an d e q u l p 't .

R A IL R O A D S
F o r e x p la n a tio n of colum n headings, A c . , see notes
on first page o f tables

W here P a y a b le, and by
W hom

B on d s— P r i n c i ­
pal, W hen D u e
Stocks— Last
D iv id en d

$457,590
M &
5
339 ,000
&
748,000
4 kt
&
1 ,250.000
4K e
&
2 ,420.000
4 « g
& ()
5 g
1 ,984,000
M A N
12,000.000
5 g
w ned b y
10,000,000 M ostly
J
&
J
300 ,000
5 g

III T r & S av B k , C h icago
B lair & C o , N ew Y o rk
do
do
do
do
do
do
B ank' r s ’ T ru st C o N Y
Erie R a ilro a d N ew Y o rk
Erie R a ilro a d
Erie R a ilr o a d N ew Y o rk

T o A p ril 5 1913
T o S e p t 1910
T o Jan 1 1915
F e b ’ 1 0 -A u g ’ 15
F e b ’ 10-F e b ’ 16
A p r 10 O c t ’ 17
M ay 1 1982
O ct 1 1982
J u ly 1918

45,2 4 5 ,6 1 3
41,0 2 1 ,4 0 2
18,500,000

4 g

In te re st fro m S e p t 1 1909 1959

780 ,000
815 ,000

5 g
0 g

Chase N at B k N Y ; o r Ch F eb 1 1956
A m e r T ru s t & S a v B k Ch J u ly 1 1947

I N T E R E S T OR D I V I D E N D S
M ile s
of
R oad

C h ic a g o & E astern Illin ois— (Concluded) —
Car trusts Inclu din g Int O c t ’ 09 due $10,921 m ’ thly
E q u ip m e n t b on d s Series B due q u a rte r ly ..................
do
do
Series C & D due $68 ,000 sera-an
d o Series E d u e $12 5,00 0 s-a (V 81 p 1043) ,Ba
d o Series F d u e $22 0,00 0 s-a (V 82 p 750) -B a
d o Series G due $ 1 2 4 . immi s-a (V 86 n 1284) B
249
C h ic a g o & Erie— 1st M g Int gu ar till prln p a l d . - . C e . c
249
In c o m e b on d s fo r $10 ,0 0 0 ,0 0 0 5 % n o n -c u m ............. N
T erm in al first m ortg age g o ld -------------------------- - - - - ­
C h ic a g o & G rand T r u n k — See G rand T ru n k W e s t R y
C h ic a g o G reat W es tern —
C om m on s t o c k , $ 4 6 ,0 0 0 ,0 0 0 ------------------ - - - - - — P r e f (also as to ass.) 4 % , cu m re d $5 0 ,0 0 0 ,0 0 0 auth
F irst m ortg a g e, g o ld , see t e x t -------------- - — - - - - - - ­
C h ic a g o & G reat W e s te rn — -See Chicago T e r n d n a l l r a nsfer
C h ic a g o H a m m on d & VVestern— See In d ia n a H arbor B elt R
26
C h ica g o & III M id — 1st M $ 5 ,0 0 0 ,0 0 0 g red t e x t IC .c
C h ic a g o & III W — G en (n e w 1st) M g g ^ d p a r . A ^ °
C h ic a g o & Indiana C o a l—-See C h ica go & E astern 111
203
C h ic Ind & S o — In d III & la 1st M $ 1 2 ,000,000 g - I C .c
329
C on sol m ute $ 2 0 ,0 0 0 ,0 0 0 g o ld gu p & I- G .xe*& r
C h ic a g o I n d ia n a p o lis & L o u is v ille — C o m m o n s t o c k . . .
P referred 4 % n o n -c u m u la tlv e $ 5 , 0 0 0 , 0 0 0 - . . . ------289
L N A & C 1st M ain L in e — N A to M ichigan C l t y .c
162
F irst M C h ic & Ind D lv C h icago to Ind g o l d -------c
509
C I & L refu n d in g m ortg age $ 10 ,300 ,00 0 g o l d . — Ce
509
do
do
gold 6s Issued fo r old c o n s o ls -----C on S ton e C o 1st M gold guar p & I c a lla b le ...........
In d ia n a S ton e R R first m o rtg age g u a r a n te e d .. . . . .
60
In d la n a p & L ou lsv 1st M $6,0 0 0 ,0 0 0 gold g u . - . S . c
C h ic a g o In dia n a p olis & St L o u is S hort Line— S e e Cle v e a nd
C h ic Jol « K C
'
■ S '5
g r i 105 it-x t.C
C h ic a g o J u n ction R R — 1st M $2,327 000 g red 1 0 5 . c
C h ic a g o Lake Shore & E a stern — 1st M guar red t c x t.N
F ed era l e q u ip m e n t tru sts, d u e $ 1 0 0,00 0 y r ly M a y 1
A m erican eq u ip t tru sts, d u e $ 60 ,000 y r ly N o v

D a te
of
B on d s

S iz e , or
Par
V a lu e

1903
1903
1905
1905
1906
1907
1890
1890
1888

1,000
1,000
1,000
1,000
1,0()i
1,000
1,000 &c

100
100
1909
RR
R
1906
1907

1,000
1,000

A m oun t
O utstanding

R ate

%

4 g
4 ,8 5 0 ,0 0 0
1,000
4 g
1.000 &c 15,150,000
100 10,500,000 See t e x t
5,000.000 4 In 1908
100
6
3.0 0 0 ,0 0 0
1.000
1880
6 g
1,000
2 ,300.000
1881
5,0 0 0 ,0 0 0
5 g
1897
1,000
6 g
1.000
4 ,7 0 0 ,0 0 0
1897
6 g
1,000
13.000
1900
5 g
1,000 In treasury
1 ,000 a 1.650.000
1906
4 g
C lncln n atl Chi ca g o & S t L ouls
1i V
S
-n *
\t
5 g
1905
2.2 5 8 .0 0 0
4 g
1,000
1909
9,0 0 0 ,0 0 0
4 «
5
1905
1,090,000
5
1905
695.000
1900
1906

W hen
P a y a b le

&
&

&
&
&
&

&
&
&
&

L in co ln N at B a n k , N Y
T reas G ra n d C en t S ta t’ n
D J P M organ & C o N Y
D
do
do
do
do
do
do
do
do
do
do
N A m er T r & S av B k C h ic
S N ew Y o r k
J S tan d ard T ru s t C o N Y

J u ly
Jan
June
Jun e
J u ly
Aug
J u ly
J u ly
M ay
Sept
Jan

1 1950
1 1956
28 ’ 09 1*4
28 ’ 09 2 %
1 1910
1 1911
1 1947
1 1947
1 1920
1 1948
1 1956

s N W H arris & C o C h icago
D 71 B r o a d w a y , N Y
N
N

M arch 1 193 8
M ch 1 1945
Jun e 1 1969
T o M ay 1 1920
T o N o v 1 1922

a O f w h ich $125,000 In tre a s u ry J u n e 30 1909
S T O C K .— T h e p r e f. s to c k ($ 5 0 ,0 0 0 ,0 0 0 a u th . Issue) w ill b e e n title d to
n o n -c u m d lv s . a t 4 % p e r a n n . t o Ju n e 30 1914 and to cu m . d lv s . th e r e a fte r
a t th a t ra te a h ea d o f th e c o m . s t o c k , an d also to a p e r fe re n ce as to Princip al
a n d a ccru ed d lv s . In case o f d issolu tion or liq u id a tio n .
I f an d w hen p e r­
m it t e d b y la w , the new c o m p a n y w ill h a v e the rig h t to redeem th e p r e f.s to c k
a t nar an d a ccru ed d lv s .
N o a d d itio n a l m tge. shall b e cre a te d n or shall the
p ref. s to c k b e Increased w ith o u t th e co n se n t o f a m a jo r it y o f th e p re f. s to c k
o u ts ta n d in g o r v o t in g ce rtifica te s th erefor.
, .
.
V otin g T ru st.— All s to ck (e x c e p t shares t o q u a lity directors) shall fo r
five years b e v ested In J. P le rp o n t M organ, G eorge F . B a ker an d R o b e r t
F lem in g , as v o t in g trustees, w ith p o w e r to fill v a ca n cie s a n d all o th e r p ow ers
to b e stated In th e v o tin g trust agreem en t.
U p o n th e w ritte n requ est o f
h old ers o f a m a jo r it y o f th e ou tsta n d in g p re f. s to c k v o tin g -tr u s t certs,
and o f c o m m o n s to c k v o t in g -t r u s t certs to an a m o u n t s u ffic ie n t .w it h such
m a jo r it y o f su c h p re f. s t o c k , t o c o n s titu te a m a jo rity o f all the s to c k then
held b y such v o t in g tru stees, th e v o t in g tru st shall b e te rm in a te d .
A d d itio n a l b on d s w ill be re served u nd er the m o rtg a g e to retire tho first
m ortg a g e b o n d s o f th e M ason C ity & F o rt D o d g e a n d W ise . M in n . & 1 a c .
( $ 1 2 , 000,000 an d $ 5 ,8 1 1 ,0 0 0 r e s p e c tiv e ly ), a n d fo r new p r o p e r t y , b e tte r ­
m en ts a n d e q u ip m e n t.
B a sis o f P a rticip a tio n and Syn dicate O ffer.
E x is tin g Stocks
H avin g
R eceived V o tin g T r . O e r t s .o f N ew C o
------C om . Stock-----P a id ’
------P r e f. StockI f D evosited
%
A m o u n t.
A m o u n t.
p er Share. %
Class
...............
110 $30 ,8 8 4 ,7 9 8
D e b e n tu r e 120 $ 13 ,604 ,28 0
P referred A ----------------------------- —
1 3 ,8 3 1 ,1 6 5
60
3,457.791
15
P referred B ___________________ $15
17,810,168
40
6,6 7 8 ,8 1 3
15
C o m m o n _____________________
15
T h e to ta l fixed ch arges o f th e new c o m p a n y fo r re n tals a n d Interest, in
elu d in g Interest o n b o n d s o f su b sid ia ry c o s ., a fte r all th o $ 2 8 ,0 0 0 ,0 0 0 new
b o n d s are o u ts ta n d in g , w ill a p p ro x im a te $ 2 ,3 9 9 ,2 8 0 , w h ile th e n e t e arn in gs.
It Is e s tim a te d , sh ou ld b e a t least $ 4 ,2 6 8 ,0 0 0 .
E A R N I N G S .— 12 m o s .,j 190 8-0 9----------G ross, $ 8 ,1 0 7 ,2 8 9 ; n e t, 5^ 87,312
J u ly 1 to Jun e 3 0 .
\ 1 9 0 7 -0 8 ...........G ross. 7 ,9 7 5 ,0 7 9 ; n e t. 1,238,020
E a rn in gs since Ja n . 1904 are based on 818 miles o f road p ro p e r, o n ly the
net earnings o f the p rop rie ta ry lines o v e r b o n d Interest b ein g In clu ded.
R E P O R T .— R e p o r t 1906-07, V . 85, p . 91 7 , 102.
1905.
Y ea r ending J u n e 3 0 —
1908.
1907.
1906.
$7,377,711
G ross e a r n i n g s . . ............... $ 7 ,9 7 5 ,0 8 0 $ 9 ,1 3 9 ,0 8 7
$ 8 ,573,148
2,0 3 8 ,6 1 8
2,5 3 9 .4 9 3
2,3 3 9 ,2 7 9
N et In c o m e _____________
1 ,0 1 7 ,7 0 4
433 ,516
426,951
430,142
R e n ta ls (in cl. e q u ip m e n t )!
j
368 ,726
372 ,237
450 ,127
In teres t p a id ____________ J 1,117,253
T
1 ,044,976
1,044,978
.......... ..
1,044,984
I n t.ln cash o n 4 % d e b .s tk . 1,118,464
(5 )5 6 8 ,6 2 0
..................(2 * 4 )2 8 3 ,4 2 2
D lv . o n p r e f. s to c k “ A ’ ’ .
B a la n ce .................... d e f. $1,2 1 8 ,0 1 3 su r.$130,604 sur.$ 126,706 su r.$ 191,400
O F F I C E R S .— P r e s ., S . M . F e lto n ; V .- P . , J o se p h W . B la b o n ; S e c . and
T r e a s ., J. F . C o y k e n d a ll.
O ffic e , C h ica g o , 111.— (V . 88, p . 74 8 , 1196, 1497
V . 89 p . 162, 224, 285 , 347 , 41 0 , 528, 592, 992.)
CHICAGO & ILLINOIS M I D L A N D R Y . - O w n s A u b u r n , 111., to T a y lo r
v llle , 26 m iles, o f w h ich 17 m iles w as op en ed Jun e 1907. S to c k a u th o riz e d ,
$ 2 ,0 0 0 ,0 0 0 ; ou ts ta n d in g . $ 1 , 000,000 (par o f shares $ 1 0 0 ), a m a jo rity b ein g
ow n ed b y Illinois M idland Coal Interests. T h e b o n d s are s u b je c t to call
on term s to be fixed fo r the several Issues; the $78 0,00 0 b o n d s Issued on
the first 26 m iles m av be called at 110 on A u g. 1 1910 o r a n y su b se o u e n t
in teres t d a y . S ec V . 8 2 , p . 452 , 803 . F o r y e a r e n d in g Ju n e 30 1909,
o p e r a tin g r e v e n u e , $77,006; n e t a fte r t a x e s , $ 6 ,9 3 6 .
(V . 8 2 , p . 803.)
CHICAGO & ILL INOIS VVESTERN R R . — T o e x te n d fro m W estern A v e .,
C h ica g o, sou th w esterly to J o lie t, 111., w ith bra n ch es, a total o f 54 m iles, o f
w h ich 22 m iles in op e r a tio n .
E x ten sion p rop osed G ary t o J o lie t. V . 83,
d 491.
S to c k 5 1 .0 0 0 ,0 0 0 , as Increased A u g . 1907; p a r, 5100. O f the gen.
6s o f 1907 (5 4 ,0 0 0 ,0 0 0 au th o riz e d Issue), 581 5,00 0 w ere o u ts ta n d in g in
M arch 1909. g u aran teed p rln . & int. b y D olose & S hep ard C o ., C h ica g o .
V 86 n . 107; V . 8 8 , p . 685.
F o r y e a r e n d in g Jun e 30 1909, $13 7 ,7 9 4 ,
n et
298
In 1907-08, gross, $15 3,16 5; n e t, $66,298; llx c d ch a rge s,
$ 2 3 ’, 0 3 8 ? ’ bafan c e ? s u rplu s, $ 43 ,260 .
Pres
W . E . P h illip s.
O ffic e , 184
L a S alle S t ., C h ica g o , 111.— (V . 8 8 , p . 6 8o.)
M u n d e ^ s '^ n l l 'e s P '^ M a y l o a t h e '
$33 ,5 1 0 ; oth er In com e, $103; ch arges, $3 o ,5 1 4 ; b a l., d e f ., $68 ,9 2 0 .
(V . 84,
p . 350 .)
r H i r A f i n I N D I A N A & SOUTHERN R R . — (.See M a p s N . Y . C ent. A
H u d . R iv. R R .) — O w ns fro m S ou th B en d, I n d ., t o S e a to n v llle , 111., 192 m .
(form er In d . 111. & Io w a R R .) ; D a n ville. 111., t o In d ia n a H a r b o r . I n d .,
109 m .; bran ch es. 11 m .; track age. 28 m .: t o ta l. 340 ra. A ls o ow ns 20 m .
leased to oth er com p a n ie s
.
„ . __Trw,
nr> „ ,
A con solid a tion A p ril 1906 o f the In d . III. & I o w a . I n d . H a r. R R . an d
D a n ville & Ind H ar. R R .
V . 8 2 , p. 803, 867 . S to c k , $ 2 0 ,0 0 0 ,0 0 0 , o f
w h ich $5,0 0 0 ,0 0 0 Is 4 % cu m pref.
Lake S h ore & M ich . S o u th e rn ow n s
$1 7 ,0 0 0 ,0 0 0 a n d M ichigan Cen tral $ 3 ,0 0 0 ,0 0 0 .
B O N D S — O f the 4s o f 1906 ($ 2 0 ,0 0 0 ,0 0 0 ) .g u a r a n te e d b y the L a k e Shore
& M ich . S o u t h ., $ 4 ,8 5 0 ,0 0 0 are reserved t o retire the 4s d u e J u ly 1 1950.
V . 8 6 , p . 980 . 1223.
..
.. „
_
. . „
J o in tly w ith fo u r o th e r roads co v e n a n ts t o p a y the N . Y . Cen tral lines
($3 0 ,0 0 0 ,0 0 0 ) 5 % eq u ip , trust o f 1907, the c o m p a n y s share or equ ip m e n t
leased bein g a b o u t $4 o o o .n o n . V . 85. p. 1401: V . 8 6 . p 168.
E A R N I N G S .— 8 m o s .,1 1 9 0 9 ............... G ross, $ 1 ,9 6 3 ,7 2 4 ; n e t, $401,595
J a n . 1 to A u g . 31.
11908 ____ . . . G r o s s ,
1 ,7 0 2 ,2 2 4 ; n e t, 295 ,866
F o r 4 m os. en d in g A pril 30 1909, n e t . $21 7 ,3 2 5 , a g s t. $178,962 In 1909;
ta x es $ 50 ,000 ; oth er In com e. $ 1 2 7 ,2 3 3 ; to ta l d e d u ctio n s , $ 35 9,89 6; b a l.,
d e f ., ’$65 ,3 3 8 .
R E P O R T — R e p o r t fo r y e a r e n d in g D eo. 31 1908 In V . 8 8 , p . 1369,
sh ow ed- G ross $ 2 ,9 0 0 ,4 2 2 ; n e t, $ 9 7 6 ,5 9 2 ; o th e r In com e. $ 54 ,809 ; charges
and taxes,^$ 1 ,1 8 4 ,3 8 3 ; b a l.. d e f .. $ 1 5 2 ,9 8 2 .— (V . 8 8 , p . 944 , 1369, 1619.)




C H IC A G O
IN D I A N A P O L IS &
L O U IS V I L L E
R V .— O perates the
‘ M on on R o u te ” fro m C h ica g o , 111., v ia M o n o n , I n d ., to In d ia n a p o lis, i n d . ,
an d L o u isv ille , K y ., w ith bran ch es. T h e system Includes:
L in es ow ned—
M ile s . | O per. under contract—
In d ia n a S ta te L ine to In dian [C h icago to In d ia n a S tate L i n e . . . 20
ap olls
- ___ 16 2 j N ew A lb a n y to L o u is v ille -------------6
2
N ew A lb a n y t o 'M lc h lg a n C i t y . - .2 8 9 (C on n ection In I n d i a n a p o li s ... . . .
B e d fo rd to S w ltz C it y ____________ 40|Clear Creek to H arrod sb g , I n d . .
9
O rleans to F ren ch L ick S p r in g s .. 18 S w ltz C ity t o w est o f L in to n
10
|W a lla ce J e t. to S h irley H ill & b r ..6 0
T o ta l o f all Jun e 30 1 90 9-----------------------------------------------7 V ‘ v " ' - - - - - °
A lease fo r 999 years w ith C h icago & W estern In d ia n a (o f w h o se s to c k this
c o m p a n y ow n s $1,000,000 ) gives e n tran ce to C h ica go o n a
®
*
O w ns o n e -th ird Interest In K e n tu c k y & In d ia n a B ridge at L o u isv ille , K y .
O w ns entire s to ck o f In dian ap olis & L o u isville R R ., p r o je cte d fro m a t or
near In dian ap olis to E v a n sv ille . & c .. o f w h ich .>5 m il e s .: r o m W a l l a c e J e t .,
f
I n d ., to Shirley H ill, w as o p e n e d O c t . 1 1907 an d th e b ra n ch it o m V ic k s ­
b u rg to Cass, 5 m iles, D eo. 1 1907.
U nder su p p le m e n ta l lease d a te d M ay
10 1907 b o n d s are g u a r ., p rln . and Int. See ‘ •Bonds b e lo w . V . 8 2 , p.
509 ; V . 8 3 , p . 88 8 , 1290; V . 8 5 , p . 920; V . 8 7 , p . 809; V . 8 8 , p . 9 9 .
H I S T O R Y .— S uccessor J u ly 1 1897 o f L ou isville N ew A lb a n y & C h ica g o ,
fo re clo se d per plan In V . 63, p . 922. S u it s e t t le d , V . 75, p . 1031.
In A u g . 1902 the L o u isville & N ashville an d S ou th ern R y . a cq u ired 9 3 %
o f $ 1 0 ,500 ,00 0 c o m . an d 7 7 % o f $ 5 ,0 0 0 ,0 0 0 p re f. s t o c k , o n the basis o f $78
an d $90 per $100 share r e sp e ctiv e ly In their jo in t 50 -y e a r 4 % co llateral trust
gold b o n d s at p a r, secured b y the s to c k a c q u ir e d . See d e scrip tio n o f b on d s
u nd er L ou isville & N ash ville. V . 7 4 , p . 1088, 1138; V . 7 5 , p . 28.
D I V I D E N D S .— O n p r e f., 1899, 1 % : O ct. 1900 t o Ju n e 100 9, b o th Inchislv e , 4 % per an n u m .
O n c o m .. 1902, 1 % : 1903 3 H % '. 1 9 0 4 .J u n e, 1 H % ,
D e c ., 1 h % ; 1905 t o 1908, 3 % y e a r ly (J. & D .) ; 1909, J u n e , 1 % % .
B O N D S .— R efunding m ortgage c o v e r s r o a d , e q u ip m e n t, & c. (In clu din g
$ 1 ,0 0 0 ,0 0 0 s to c k o f Ch. & VV. In d . and $24 0,00 0 s to c k o f the B elt R y . o f
C h ic a g o ); total a u th orized Issue Is $ 1 5 ,0 0 0 ,0 0 0 , o f w h ich unissued ba la n ce Is
reserved to take up ex istin g d ivision al b o n d s a t m a tu rity .
In dian ap olis & L o u isville gu aran teed b o n d s, o f w h ich $1 500 ,000 sold in
F e b . 1906 fo r 60 m iles o f r o a d ; b a lan ce Issuable at $30 ,0 0 0 per m llo. See
above.
V . 82. p. 508; V . 8 3 . p. 1290.
E A R N I N G S .— 2 m o s ., f 19 0 8 -0 9 ..........G ross, $ 1 ,0 1 8 ,5 3 2 ; n e t, $389,843
119 0 7 -0 8 -------- G ross,
9 4 0 ,7 4 4 ; n e t, 3 1 8 ,8 6 3
* J u ly 1 to A u g . 31.
>
A N N U A L R E P O R T .— In V . 89, p . 844. s h o w e d :
1905-06.
Y ear end. J u n e 3 0 —
1908-09.
1907-08.
1 90 6-0 7.
Gross earnings_________ $5,319,386 $5,167,160 $5,988,867 $5,9 2 1 ,0 0 2
1,983.063
1 ,4 0 4 ,7 9 2
1,1 6 3 ,7 0 2
1 ,825,416
N et e a rn in g s ____________
249,475
D iv id e n d s , & c., r e c e iv e d
252,301
272,423
261,166
T o ta l n e t In co m e ____ $1,657,093
In te re s t o n b o n d s _______
772 ,100
R e n ta ls , & c _____________
382 ,1 0 7

$2^086,582 $ 2,232,538
$ 1 ,4 3 6 ,1 2 5
772 ,100
772,100
772 ,1 0 0
3 10 ,456
262,301
301 ,662 _____________ _____________
_______

T o t a l _________
$ 1 ,1 5 4 ,2 0 7
$1,0 7 3 ,7 6 3
$ 1 ,0 9 1 ,5 5 6
$ }.? 3 4 ,9 0 1
Surplus fo r d iv id e n d s ----$502,886
$36 2,36 2
* 5 n „ ‘ nnn ^ ’ ^ o o ’ o o o
D iv id e n d o n p r e f ., 4 % . .
200,000
200 ,000
200 ,000
20 0 ,OUO
D iv id e n d on c o m m o n .. (3 > 1)328,250
(3 )3 1 5 ,0 0 0
(3 )3 1 5 ,0 0 0
(3 )3 1 5 ,0 0 0
O F F I C E R S — P r e s ., I. G . R a w n , C h icago; V . - P . , M o r to n F . P la n t,
N ew Y o r k : E. C. F ie ld . C h icago; T r e a s ., B y r o n C assell, 198 (^ st£ W J * 0Use
P la c e , C h icago; G en . M g r., E . E . T a y l o r , C h icago; S e c ., J . A . H ilto n , .>2
B road w ay, N. Y .
D irectors— F a irfax H arrison a n d W . V • **m ey* W ash
ln g to n , D . C .; C h as. S te e le , R . M . G a lla w a y , M o r to n I • p l ^ ' H e n iy
W a lte rs , N ew Y o r k ; W . H . M c D o e l, L ew is W . P a r k e r , C . l l c l d , 1 A .
D e la n o , C h ica g o ; S a m u el T . M u rd o ck , L a fa y e t t e , I n d .
. ( V . 88, p . 99,
1436, 1619; V . 8 9 , p . 720 , 844 .)
C H IC A G O J O L IE T & K A N S A S C I T Y R R — S ee p a g o 170.
(o p e n e d At HI loV)8H M U m d t a g ^ ^
^ l^ u t l S ^ d ^ T e v lte d ^ lr
a t 40th Street to the S to ck Y a rd s.
Lease ^ u . ^ o ^ v e a r s ) * a t a ^ e n t M
vpnra (vaith riirht to nurchase a t c o s t w ith in
years; a t a rental
c o v e r in g bond^Interest and all exp en ses. C apital s to c k $ 5 0 ,0 0 0 .
B on d s
aro Guaranteed o r ln . & In t., b y C h ica go J u n ctio n R a ilw a y s & U n ion
S to ck Y a rd s Co'.: th e y are s u b je c t to call at 105 a fte r 1910. F o rm o f g u ar­
a n t y . V . 8 2 , p . 5 6 8 .— (V . 85, p . 792, V . 8 7 , p . 34 6 .)
C H IC A G O I U N C TIO N R A I L W A Y .— O w ns Inner line w ith in the C h ica go
U nion S to ck Y a rd s d istrict, 11.81 m iles, side an d Industrial tra ck s, 1 18 .58m .
In Ju n e 1907 the V a n d e rb ilt (N ew Y o r k Central) Interests arran ged to
a cau lre the outer b elt line, assum ing the $ 2 ,5 0 0 ,0 0 0 o u ts ta n d in g b o n d s ,
leavin g p ro p e rty free o f liens.
V. 85. p. 159, 792.
C H IC A G O K A L A M A Z O O & S A G IN A W R Y .— O w ns 55 m .. P a v ilio n to
W o o d b u r y , M ich. A cn u lre d In D ec. 1906 b y M ich. C n t •< NIrvv« ( ° r s t o c k
.c
< y
tral svstem ) b u t w ill be op e ra te d In d ep en d en tly.
V . 8 4 , p . 50. S t o c k ,
com
$2 000 000; p r e f.. $ 45 0,00 0; o u ts ta n d in g . $ 4 5 0 ,000 ^ ea ch ; par o f
shares. $ 10 0 .° L oans and bills pa y a b le D ec. 31 1908 $ 30 9,58 1.
In 1908.
gross $16 9,74 2: net, $58,582; Interest a n d ta x e s, $33 ,575 : b a l.. 8^ r -’^ if m .h n
P res . H . B . L e d y a r d . D e tro it: S e e ., F . O . W a ld o ; 'T reas.. J . E . G riffith s.
— (V . 6 1 , p. 1063; V . 8 4 , p . 50.)

CHICAGO LAKE SHORE & EASTERN R.V}— Embraces 362.52 mllea

o f tra ck , co n n e ctin g the va rio u s w ork s o f the Illin ois Steel C o . a t c n ic a g o
Jo lie t an d M ilw aukee w ith d iv e rg in g trunk lines, a n d a lso w ith stea m sm p
lines, ston e quarries, Industrial e sta b lish m e n ts. & o., a ls o , by^ lease a n a
tmrUAcrp rights o v e r 296 .9 5 m iles o f road s, reach es the ooai neius 01 Illin ois
and H i^lana! a n Y J o l ie t , 111.. h a n d lin g b e tw e e n S o u th C h ica g o > a n d .th es e
p o in ts a large tra ffic fo r the Illin ois Steel C o . S t o c k , $9,000 000 , b ein g in
creased fro m $2,7 6 0 ,0 0 0 In Ju n e 1909; all ow n ed b y thei Illin ois Steel C o .
and so b y the U nited S tates Steel C o rp o ra t o n , w h i ^ . w lth th e LlKln JoUet
& E a stern , guaran tees the b o n d s, p r i n c i p a l “ merest ,
i h o la st n am eu
‘ eT o n d s a r T J e d c c m ib le mr‘l 0* ye a rs at®l 10 a n d In t.; th e y are lim ite d to 50 %
o f c o s t o f p r o p e r ty . V . 8 8 , p . 1372; V . 8 9 , p . 224 . ( V . 8 9 , p . 2 -4 .)

35
RAILWAY STOCKS AND BONDS.
Oct., 1009.]



R A IL R O A D S
F o r exp la n a tion of colu m n headings, & c ., see notes

on fir s t page o f tables.

M ile s
of
Road

D a te
of
B on d s

I N T E R E S T OR D I V I D E N D S
S iz e, or
Par
V a lue

Am ount
O utstanding

R ate
%

W hen
P a ya ble

B on ds— P r in c i­
pal, W hen D u t
S tocks— Last
D ivid en d

W here P a y a b le, and by
W hom

Chicago Milwaukee & Gary —1st M 52 0 ,0 0 0 ,0 0 0 erred
105 beg 1918 ------------------------- --------------------------- SS txo

Chicago Milwaukee & St Paul— C om s to c k (see t e x t ).

P referred s to c k 7 % yea rly n o t cu m $ 1 2 4 ,6 5 4 ,4 0 0 -.
Southem M in n esota D ivision tlrst m o r tg a g e ___F . c '
M ineral P o in t D ivision first m o r tg a g e .......... .......F .c*
H a st & D ak D lv E x t first m tge 5990,000 5 s . . - F . c *
L a crosse & D a v e n p o r t D lv first m t g e _________ F .c*
W is e V al D lv 1st M sink fu n d n o t d r a w n .- N B .c *
D u b D lv 1st M sin k in g fu n d n o t d r a w n ___ N B .c*
C h ic & P a c D lv 1st M (C h icago to K Ittredge) . . F . c *
do do
W estern D lv 1st M (see te x t) g o l d . F.c*
C h ica go & L a ke S u p erior D lv 1st M g o ld ____ F .c*
W ise & M inn D lv first m o rtg a ge g o l d _______________F
F a rg o & S outhern first m ortg age g o ld a s s u m e d ____
C h ic M ilw & St P T erm in al m o rtg a g e g o ld ____ F .c*
D a k o ta & G reat S ou th ern first m o rtg a g e g o l d ____ F
C h ica g o & M issouri R iv e r D lv first m o r t g a g e .- F .c *
G eneral M (fo r 515 0 ,0 0 0 ,0 0 0 ) g o ld Series A _ U s .c * & r
do
do
Series A re giste re d do
Series B ___________
do
Series B registered
do
do
M ilw aukee & N orth ern 1st M S ch w a rtz to G r B a y .c *
C on solid a ted m o r tg a g e ------------------------------------------c*
D e b e n tu r e s 5 5 0 ,0 0 0 ,0 0 0 a u th g o ld ------------F x c ’ r*
C h ic M ilw & P u g et S d — 1st M 520 0 ,0 0 0 ,0 0 0 a u t h . . Us
C h ic a g o & N W — C om s to c k 5 17 7,60 4,8 80 a u t h ____ Tr
P referred s to c k (n ot cu m lu a tlv e ) see t e x t ________ Tr
C h ic & N W con s f M (51 2 ,9 0 0 .0 0 0 ) n o t d r ____ F .c*
Cedar R a p id s & M issouri R iv e r — 1st M 3d D l v ___
M adison E x ten 1st M g (s f 523 ,000 not draw n) . F
M en om in ee E x t 1st M g (s f 520 ,000 n o t d raw n) . F
N orth w U nion 1st M gold M ilw to F o n d -d u -L a c . F
W in o n a & S t P e te r 1st M e x t g land gr s f a s s . -F .c *
N o rth 111 1st M (5 2 0 ,0 0 0 per m ile) a s s u m e d -- U n .c *

1908

_ __
_ __

419
133
395
185
161
351
120
1,117
68
230
119
—

159
77
5,853
5,853
5,853
5,855
126
362
—

1,489
7,390
7,390
788
150
129
114
02
18 1
76

1880
1880
1880
1879
1880
1880
1880
1881
1881
1881
1883
1884
1886
1886
1889
1899
1889
1899
1880
1884
1909
1909

__
—

1865
1866
1871
1871
1872
1871
1885

$1,000 $ 5 ,5 0 0 ,0 0 0
100 1 16 .348 ,20 0 7
100 116 ,274 ,90 0
1,000
7 ,4 3 2 .0 0 0
1,000
2 ,8 4 0 ,0 0 0
1,000
6 ,6 7 0 ,0 0 0
1,000
2 ,5 0 0 ,0 0 0
1,000
1,9 2 8 ,0 0 0
1,000
5,0 4 9 ,0 0 0
1,000
3 ,0 0 0 ,0 0 0
1,000 2 5 ,3 4 0 ,0 0 0
1,000
1,360,000
1,000
4 ,7 5 5 ,0 0 0
1,000
1,250,000
1,000
4 ,7 4 8 ,0 0 0
1,000
2,8 5 6 ,0 0 0
1,000
3 ,0 8 3 ,0 0 0
1,0001 a 2 3 ,8 4 1,000 /
1 ,0 0 0 /
1
1,0001 a 8 ,950 ,000 /
1 ,0 0 0 /
1
1,000
2,1 5 5 ,0 0 0
1,000 n 4 ,003,000
1.000&C 2 5 ,0 0 0 ,0 0 0
1 0 0 ,000 ,00 0
100 90,6 1 8 ,8 3 9 7
100 2 2 ,395,000 8
1,000 12,832,000
500 &c
2 ,332,000
500 &c b 2 ,077,500
500 &c c 2 , 540,500
500 &c d 3.3 0 5 ,0 0 0
100 &C k 4 ,038 ,500
1,000
1 ,500,000

5 g
In 1909
7
6
5
5 & 7
5
6
6
6
5 g
5 g
5 g
6 g
5 g
5 g
5
4 g
4 g
3H g
g
6
6
4 g
4
In 1909
In 1909
7
7
7 g
7 g
7 g
7 g
5

A &
M &
M &
&
J
&
J
&
.1
&
J
&
J
&
J
&
J
&
J
&
J
&
J
&
J
&
J
&
J
J
&
&
J
Q— J
&
J
Q—J
&
J
&
.1
J
&

O St. L ou is U n. T r. Co.
S N Y O ffice 42 B r o a d w a y
do
do
s
do
J
do
do
do
J
J
do
do
do
J
do
do
J
do
J
do
do
J
do
do
J
do
do
J
do
do
J
do
do
J
do
do
do
J
do
do
J
do
J
do
do
do
do
J
do
do
do
do
J
do
do
D
do
do
1)
do
do
do
do
J

& J
Q— J
Q— F
M & N
A & O
& I)
J
M & s
& I)
J
M & s

J

Vpr 1 1948
S ept 1 ’ 09.
S e p t 1 ’ 09,
Jan 1 1910
J u ly 1 1910
Jan 1 1910
J u ly 1 1919
J u ly 1 1920
J u ly 1 1920
Jan 1 1910
Jan 1 1921
J u ly 1 1921
J u ly 1 1921
Jan 1 1924
J u ly 1 1914
Jan 1 1910
J u ly 1 1926
M ay 1 1989
M ay 1 1989
M ay 1 1989
M ay 1 1989
June 1 1910
Jun e 1 1913
■ ly 1 1934
J
Jan 1 1949
C o’ s o ffic e 111 B ’ w a y N Y J u ly 1909
do
O ct 1 1909
do
do
F eb 1 1915
do
M ay 1 1916
do
do
do
A p r 1 1911
do
do
June 1 1911
do
do
do
June 1 1917
do
D ec 1 1916
do
do
do
Mch 1 1910

3H
3M

3 Vi
2%

a A ls o J u ly 1909 a d d itio n a l general m o rtg a g e b o n d s 1 n trea s u ry and n o t listed (s ee t e x t ) .
n 51 .08 9.0 0 0 a d d itio n a l In treasu r y .
A ls o In sin k in g fu n d J u ly 1909: b 517 2 ,5 0 0 ; c 5 1 5 0 , 500; d $135 ,000. x C .o u p o n bond s J & J; r eglste re d Q — J .
CHICAGO M I L W A U K E E & G A R Y R A I L W A Y . — T h is r o a d , w hen
C om p leted , will form an ou te r belt tine 267 m iles In le n g th , e x te n d in g from
M ilw au kee, W ls ., to G a ry , I n d ., c o n n e c tin g w ith all o f the 32 m ain trunk
lines en terin g C h ica go
O f th is, R o c k fo r d . 111. to M o m cn ce 125 m iles.
In clu din g Elgin J oliet & E astern track age betw een A u rora an d J o lie t, 24
m iles w as in o p era tion In A pril 1908.
An e x te n sio n Is t o be bu ilt at on ce
from M om cn ce to G a r y , 42 m iles. A line Is also to be c o n s tr u c te d fro m the
n orth ern term inus at R o c k fo r d th rou gh B eloit and Jan esv ille to M ilw aukee,
100 m iles.
L arge term inals are be in g a cq u ire d at G ary and M ilw aukee.
In c o r p o r a te d M arch 5 1908 as a co n s o lid a tio n o f the Illinois Io w a &
M in nesota B y ., R o c k fo r d B elt R y .. M ilw aukee R o c k fo r d & E astern R y .
an d Illinois Indiana & G ary R y .
V . 84, o 508, 1307: V . 86, p . 601.
In M arch 1909 I iterests re p re se n te d b y the S t. L o u is U n ion T ru s t C o. a c ­
qu ired C /iitrol or p r a c tic a l c o .i t r .I ,
V . 88, p. 685.
S tock a u th o r iz e d , 5 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , 5 5 .5 0 0 ,0 0 0 ;' p a r , 5100.
B O N D S .— On A p ril 1 1908 a m o rtg a g e w as e x e c u te d t o th e S t. L ou is
U n ion T ru st C o. and Illinois S tate T ru st C o o f S t. L ou is as trustees to
secu re an issue o f 5 2 0 ,0 0 0 ,0 0 0 o f 4 0 -y e a r 5 % b o n d s , o f w h ich 5 5 ,5 0 0 ,0 0 0
h a v e been Issued to aenttlre the p r n n e itv o f the Illinois Town fc M in nesota
and su b sid ia ry co m p a n ie s , the rem ain in g $ 1 4 ,5 0 0 ,0 0 0 b o n d s b e in g reserved
fo r exten sion s to G ary an d M ilw aukee, e q u ip m e n t, term in a ls, e le v a to rs,
coa l d o c k s and facilities a t G ary an d M ilw au k ee, o f w h ich a b o u t $ 1 0 ,0 0 0 ,0 0 0
t o be used a t present to c o m p le te the line.
V . 86, p . 980; V . 88, p . (585.
P res , A lb ert T . P erk in s, care S t. L o u is U n io n T ru s t C o ., S t. L o u is .— (V .
8 8 . p . 685.)
CHICAGO M I L W A U K E E & ST. P A U L R Y — O perates fro m C h icago
w esterly to S (. P a u l, M in neapolis an d L a k e S u p e rio r, O m a h a , N e b ., and
K ansas C ity , M o ., w ith lines traversin g Illin o is, Io w a , M issouri, M ich igan ,
W iscon s in , M in nesota an d the D a k o ta s , v iz .:
Road—
M ile s . I R oad—
M ile s
L ines ow n ed Jun e 30 1909 (o f
(S e co n d and third tr a c k s _________ 500
w h ich 30 m iles ow n ed jo in tly ) .7 ,2 9 6 (T ra ck a g o (In cluding 2d t r a c k s ) . .2 7 9
H I S T O R Y , E T C .— T h e M ilw aukee & S t. P aul R R . C o. w as orga n ized
M ay 5 1803 and on F e b . 11 1874 to o k its present n am e. T h e system has
sin ce been grea tlv exten d ed b y the c o n s tru ctio n and acq u isitio n o f o th e r
lin es. Sale o f M ilw aukee & N o r. to the S t. P a u l w as ratified S e p t. 1893.
T h e P a cific e x te n s io n , fro m w estern term inus a t G len h am , S . D ., to
S eattle a n d T a c o m a , 1,489 m iles (o f w h ich 26 m iles to be o w n ed Join tly
w ith U n ion P a c ific ), In clu d in g 66-m iles L e w isto n b ra n ch , k n o w n u n d er
n a m e o f C h icago M ilw aukee & P u g e t S o u n d R y . (see s ta te m e n t b e lo w ),
w as c o m p le t e d in Ju n e 1909; 419 m iles o f bra n ch es are c o n te m p la te d . See
V . 8 4 , p . 219; also V . 8 1 . p . 1609, 1664; V . 8 3 , p . 94, 686 , 1469: V . 8 5 ,
D. 468 , 792; V. 87, p. 543; V . 88. p. 99, 294, 748 , 882 , 94 4 , 1252. T h e
T a c o m a & E a stern R R ., T a c o m a , W a s h ., to G le n a v o n , 63 m ile s, w ith
b r a n c h e s , 28 m ., to ta l 91 m ile s , w as a c q u ir e d In 1909.
C A P I T A L S T O C K .— T h e p re f. s to c k has a prior rig h t o v e r the c o m . s to ck
t o a d iv id e n d o f n o t o v e r 7 % fro m n et earnings In each year, b u t It not
earned It has no cu m u la tiv e rig h t. A fte r p a y m e n t o f 7 % o n p re f. and 7 %
on c o m ., b o th classes share pro rata.
In A u g . 1906 stock h old e rs w ere olle re d the rig h t toTsubscrlbe to 5 2 5 ,0 0 0 ,­
000 c o m . s tock a t par. I n D e c. 1906 s to ck h o ld e rs s u b s crib e d p ro rata fo r
$ 6 6 ,2 1 4 ,4 0 0 p re f. an d 5 3 3 ,2 4 1 ,1 0 0 c o m . s t o c k a t p ar, p a y a b le In Install­
m en ts to M arch l 1909. T h e p ro ce e d s w ill p r o v id e fo r the c o s t o f the
P a cific C oast e x te n s io n , o f w h ich the to ta l c o s t t o J a n . 1909 w as $ 8 2 ,0 0 0 ,0 0 0 ,
419 m iles o f b ran ch es estim a te d t o c o s t $ 1 0 ,4 6 5 ,0 0 0 , an d part p a y m e n t fo r
r ollin g s t o c k . T h is Increased th e a m o u n ts o u ts ta n d in g to $ 1 1 6 ,2 7 4 ,9 0 0
pref. an d S 11 6,3 48,2 00 c o m . s t o c k . V . 8 3 , p . 1523; V . 8 4 , p. 50, 101;
V . 8 5 , p . 98, 1338; V . 8 8 , p . 293.
D iv id e n d s s i n c e ’ 911 ’ 92.
On com m on, % ) 2
O n p referred , % J
7

’ 93. ’ 94. ’ 95. ’ 96. ’ 97-’ 00. ’ 01. ’ 02 to ’ 08. 1909.
4 4
2
4 5 y ’ ly .
6
7y ’ ly .
7
7 7
7
7 7 y ’ ly .
7
7y ’ly .
7

B O N D S .— A b s tr a c ts o f som e o f the o ld e r m tges. w ere pu b lish ed In the
••Chronicle,’ ’ V . 4 5 , p . 85, 114, 144, 212, an d V . 4 8 , p. 830.
T h e general mortgage o f 1889 (see a b s tr a c t in V . 48, p. 830) Is fo r $ 1 5 0 ,­
0 00 .000 to the U nited S tates T ru st C o. o f N ew Y o r k , as tru stee, and co v e rs
th e entire railw ay p ro p e rty and franchises o f the c o m p a n y (th erein d e ­
scribed ) s u b je c t to prior liens as below m e n tio n e d . T h e prior lien b o n d s c a n ­
n o t be e x ten d ed bu t w ill be paid o ff a t m a tu rity .
In J u ly 1909 th e fo llo w in g a m o u n ts o f gen eral m o rtg a g e b o n d s had be e n
Issued o r w ere reserved fo r th e p u rp o se In d ica te d , v iz .:
A m o u n t in th e han ds o f th e p u b lic -----------------------------------------------$ 32 ,791 ,00 0
I n treasu ry o f th e c o m p a n y (u n s o ld )____________________________ 3 0 ,6 2 9 ,0 0 0
T o ta l r e p o r te d b y the c o m p a n y as o u ts ta n d in g _______________$ 63 ,420 ,00 0
R e s e r v e d fo r p rior lien s _____________________________________________ 81,4 5 4 ,0 0 0
______ ________________________________________________
5 ,126,000
R e m a in d e r
T o t a l a u th o r iz e d _________________________________________________ $15 0 ,0 0 0 ,0 0 0
In M ay 1909 th e C h icago M ilw aukee & P u ge t S o u n d R y . filed a m o rtg a g e
t o th e U n ited S tates T ru st C o. o f N ew Y o r k as tru stee to secure an a u th orized
Issue o f $10 0 ,0 0 0 ,0 0 0 o f 3 0 -ye a r 4 % b o n d s , d a te d Jan . 1 1909. V . 8 8 ,p . 1252.
In Jun o 1909 52 5 ,0 0 0 ,0 0 0 o f an a u th o riz e d Issue o f $ 5 0 ,0 0 0 ,0 0 0 4 % 25y e a r d eben tu res w ere sold , the p ro ce e d s t o be used ch le lly t o c o n s tru ct
b ra n ch es and feeders to the P a cific e x te n s io n . T h e d eb en tu res are to b o
In clu d ed In a n y new m ortg a g e .
V . 88, p . 1559.
G E N E R A L F IN A N C E S , & c.— C a p ita liz a tio n p e r m ile o f road Ju n e 30
1909: s to c k (e x c lu s iv e o f th e $99 ,4 9 2 ,8 0 0 Issued to a cq u ire se cu ritie s o f
th e C h ic. M ilw . & P u g et Sou n d R y .) , $ 18 ,208 ; b o n d s , $ 1 5 ,8 6 6 . V . 85, p .
1338. A s to P a cific e x te n s io n , see " H i s t o r y ” a b o v e .
In 1908 the U nion P a cin o system (O regon S h ort Line) ow n e d 5 1 ,8 4 5 ,0 0 0
p r e f. s t o c k . V . 87, p . 1549.
In N o v . 1908 had r e c e n tly co m p le te d In its sh ops 2,5 0 0 s to c k cars and
g iv e n ord ers to build 7 ,5 0 0 fre igh t cars. V . 87, p . 1237.
A v era g e freigh t train -load in 1908 09 w as 274 ton s, rate per ton per m ile,
0 .8 3 8 c .; In 1907-08, train -load 274 to n s , rate per ton per m ile, 0 .8 1 2 c.




E A R N I N G S .— 2 m o s .,/1 9 0 9 _____ G ross, $ 1 0 ,7 0 9 ,4 5 7 ;
J u ly 1 to A u g . 31.
11908_____ G ross,
9 ,9 9 1 ,8 6 9 ;

n e t, $ 3 ,3 2 9 ,7 8 2
n et,
3 ,8 2 5 ,6 8 9

A N N U A L R E P O R T .— F iscal y e a r ends Ju n e 3 0. A n n u a l m e e tin g Is held
in S e p t.
R e p o r t fo r 1908-09 In V . 8 9 , p . 590; o w in g to ch a n g e s In cla ssifi­
c a tio n , co m p a riso n s w ith p re v io u s yea rs a r c In accu rate; e d ito r ia l, p . 628.
1908-09.
1907-08.
190 6 -0 7 .
A v e ra g e m iles o p e r a te d Ju n e 3 0 _____
7,512
7,499
7,267
P a sse n g e r e a rn in g s_____________________ $ 12 ,774 ,85 2 $ 1 1 ,8 8 3 ,3 9 5 $ 12 ,102 ,19 0
F r e ig h t e a r n i n g s . . . _____ _____________ 4 2 ,341,651
4 0 ,4 2 0 ,8 8 0 4 4 ,1 1 5 ,0 5 9
M ail, e x p r e s s , & c ., e a r n in g s __________
4 ,7 8 0 ,9 6 0
4 ,6 2 2 ,3 4 6
4 ,3 3 1 ,2 9 9
T o t a l e a r n i n g s . . .....................................$ 59 ,897 ,40 3 $50 ,932 ,02 1 $ 0 0 ,548 ,55 4
$ 5 ,830,868
5 6 ,4 5 1 ,5 8 8
M ain ten an ce o f w a y ___________________ $7,288,603
7 ,079,774
8 ,5 8 9 ,7 5 7
M ain ten an ce o f cars an d e n g in e s -------7,2 7 0 ,7 7 4
22,7 8 2 ,4 6 8
22,0 2 8 ,2 3 2
T ra n sp o rta tio n and t r a ff ic ___________ 23,098,477
2 ,2 8 6 ,0 9 7
2 ,304,963
T a x e s __________________________________
2 ,428,676
R e n e w a l a c c o u n t ______________________
_______
946,868
A d d itio n s to p r o p e r t y ________________
_______
1 ,2 5 0 ,3 4 9
1,0 0 4 ,1 2 0
M is c e lla n e o u s _________________________
1 ,0 7 3 ,3 8 5
T o ta l e x p e n s e s ............................
$ 4 1 ,159 ,01 4 $39 ,408 ,33 1 $4 1 ,6 8 0 ,5 0 7
N et e a r n in g s __________
..$ 1 8 ,7 3 7 ,5 4 9 $1 7 ,4 6 4 ,2 9 0 $18 ,8 0 2 ,0 4 8
2 ,7 1 7 ,0 5 5
1,0 5 2 ,6 6 2
1 ,068,730
O th er In c o m e ___________________________
T o ta l n e t in c o m e .....................................$2 1 ,4 5 4 ,6 0 4 $ 18 ,510 ,95 2 $ 1 9 ,030 ,78 4
_______
522,909
N e t r e n ta ls, & c________________________
5 ,042,140
In te r e s t on d e b t _______________________
5 ,8 5 5 ,7 1 7
5,9 1 6 ,7 6 0
498,831
N ew e q u ip m e n t________________________
_______
_______
H ire o f e q u ip m e n t, re n ta ls , & c _______
2,4 8 0 ,0 8 2
----------B a la n ce fo r d i v i d e n d s _____ ________ $13 ,1 1 2 ,2 0 5
D iv id e n d o n c o m m o n , 7 % ____________* 5 6 ,9 8 0 ,8 2 0
D iv id e n d o n p r e fe rr e d , 7 % ___________ *5 ,8 1 8 ,7 9 5
B a la n ce , s u r p l u s ......................

$31 2,59 0

$ 12 ,577 ,28 3 $13 ,480 ,81 3
$ 5 ,8 1 7 ,4 9 7 $5,8 1 0 ,5 9 8
3 ,4 9 5 ,3 7 3
3,4 8 5 ,5 0 3
$3,2 6 4 ,4 1 3

$4,1 9 3 ,7 1 2

* In clu d e s 3 'A % se m i-an n u al d iv id e n d s p a id S e p t. 1909 o n $ 9 9 ,492 ,80 0
s to c k Issued to a cq u ire s e cu ritie s o f C h ic. M ilw . & P u g e t S ou n d R y ., w h ose
m ain line w as o p e n e d J u ly 1909.
O F F I C E R S .— C h airm an, R osw ell M iller, 42 B r o a d w a y , N ew Y o r k ;
P r e s ., A lbert J . E arling, C h icago; T r e a s ., F . G . R a n n e y , C h ica g o ; G en .
M g r., W . J. U n d e rw o o d ; S e c ., E . VY. A d a m s . M ilw au k ee, W b .
D ir e c to rs — R osw e ll M iller, N ew Y o r k ; A . J . E a rlin g, C h icago: F red erick
L a v to n , L .J . P e ttit, M ilw aukee; J . O gden A rm o u r, C h icago; F rank S. B o n d .
W illia m R o c k e fe lle r , D a n iel G . G e d d e s , Jo h n A . S te w a rt, P e r c y A . R o c k e ­
fe lle r , W alter P. B liss, C harles W . D a rk n e ss, J o h n D . R y a n , N ew Y o r k .
N . Y . o ffic e , 42 B r o a d w a y .— (V . 8 8 , p . 1559; V . 89, p . 590, 777 , 992.)
CHICAGO M I L W A U K E E & PUGET SOUND R Y .— (S ee M a p . ) — T h is
ro a d fo rm s the P a cific e x te n s io n o f th e C h icago M ilw au k ee & S t. P a u l R y .,
c o m p le te d th rou gh to S e a ttle an d o p e n e d J u ly 1909.
E x te n d s fro m
P o n tis , S. D ., to S e a ttle and T a c o m a , 1,489 m iles. Inclu din g 60-m lle L e w is ­
to n b ra n ch , o f w h ich 26 m iles fro m m ain line to T a c o m a Is o w n e d Jointly
w ith U n io n P a cific.
In A u g . 1909 520 m iles o f bra n ch es w ere u n d e r c o n ­
s tr u c tio n .
V . 80, p . 590. T h e c o m p a n y has a u th o r iz e d Its 1st m tg o . 4 ,,
b o n d s d a te d Ja n . 1 1909, U . S. T ru s t C o ., tru s te e , fo r $ 2 0 0 ,0 )0 ,0 0 0 .
Of
th e se b o n d s. $ 1 0 0 ,0 0 0 ,0 0 0 , t o g e th e r w ith lik e a m o u n t o f s t o c k , has been
tu rn e d o v e r to th e C. M. & S t. P. R y . tre a s u ry fo r th e $ 1 0 0 ,0 0 0 ,0 0 0 ailvanceci fo r co n s tr u c tio n .
B o n d s c o v e r r o a d , term in als and e q u ip m e n t,
an d run to m a tu r ity .
CHICAGO & NORTH W ES TE RN RY.—(See M a p . ) — O perates ari Im­
p o r ta n t system o f roads unitin g C h ica g o , 111., w ith O m a h a, N e b .. S t. 1 a u l,
M in n ., w ith the great w h eat belts o f D a k o ta , N ebrask a, & c ., an d w ith the
m in ing regions o f M ichigan and the B lack H ills, Including
M il e s •
Road owned in fee —
M ile s .
3
M ain lines, & c ----------------------------- 7,515 D e P u c L a n d & E a st, (le a s e d ). .
S u n d ry tr a c k a g e ..............................
42
E n tire stock ow ned—
P rin ce to n & W e s te rn ___________
10
T o ta l J u ly 1 1 90 9......................7,638
W o lf R iv e r V a lle y ...........................
2
S e co n d t r a c k ------------------------------- 819
S t. Paul Eastern G rand T ru n k
Large interest ow ned—
00
( le a s e d ) _______________________
C h icago S t. P aul M in neapolis
& O m a h a ______________________ 1,739
H I S T O R Y E T C .— A V a n d e rb ilt line (V . 75, p . 1086) orga n ized In 1859.
In J u ly 1884 the capital sto ck o f the F rem on t E lk h o rn & M issouri V a lley
w as a cq u ire d , and In F eb . 1903 the road w as a b s o r b e d .
Its se cu rities, e x ­
ce p t those held b y C h ic. & N . W ., are In table a b o v e . V . 75. p. 514, 516.
In 1900-09 various prop rieta ry roads w ere pu rch ased.
V . 71, p . 291, 294 ;
V 73 p . 294 , 1 0 1 0 ; V . 75, p. 446; V . 81, p. 840; V . 89, p . 671.
In J u ly
1909 th e Ja m e s R iv e r V a lle y < N o rth w e ste rn R y . w as In co rp o ra ted to
fc
b u ild bra n ch es fro m B lu n t to G e tty s b u rg and fro m O n e id a to H it c h c o c k ,
S D a k ., 180 m iles, and the M ilw au k ee, S p a rta & N o rth w e s te rn R y ., o3
m iles. In M ilw au k ee, W au k esh a an d D o d g e c o u n tie s , W ls.
C A P I T A L S T O C K .— O f the c o m . s t o c k , $ 2 ,3 3 3 ,8 9 2 , and o f the pref. 53,­
835 rem ain ed In c o m p a n y ’ s treasury In J u ly 1909.
P ref. s tock has prior
rig h t to 7 % ; then c o m . 7 % ; then pref. 3 % ; then c o m . 3 % ; then b o th classes
share
In 1903 the a u th orized c o m . s to c k w as Increased fro m 5 41 .448 ,30 6
t o 5 77 ,601 ,04 5 and In O ct. 1906 to 5 17 7,00 4,8 00 (m a k in g th e en tire s tock
$200 0 0 0 ,0 0 0 ).
S to ck h o ld e rs In F eb . 1907 su bscrib ed fo r $ 24 .401 ,60 0 c o m .
s to c k at p a r, raising a m o u n t o u ts ta n d in g to $ 9 0 ,6 1 2 ,3 0 0 .
V . 84, p. 157.
On Ju n e 30 1909 th e U n ion P a cific sy ste m (O re go n S h o rt Line) ow n ed
$ 3 ,2 1 5 ,0 0 0 s to c k .
T h e consolidated sinking fund bonds o f 1915 h ave v o tin g p o w e r.
T )IV .— 1’ 86 to *93.
’ 94 ’ 95. ‘ 96 to ’ 99. ’ 00. ’ 01. ’ 02 to ’ 08..
1909.
C om
) 6 ye a rly .
3
4
5 yearly.
0
6
7 ye a rly .
7
Pref . . J ------------------------- 7 y e a rly ------------------------- ------------------8 y e a rly --------------

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New 'Rockford'
Sykcston _ _

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S P R IN G F IE L D

R A IL R O A D S
F o r exp la n a tion o f colu m n headings, f t c . , see notes
on first page o f tables

M ile s
of

R oad

D a te
of
B on d s

S iz e , or
Par
Am ount
V a lu e O utstanding

C h ica go & N orth W e s te rn — (C on tinued) —
MUw L a ke S hore & W con s M (n ow 1st) g o l d .. C e . c
1881
1,000
5,0 0 0 ,0 0 0
M ich igan D lv 1st M (fo r 53,000,000 ) g o l d ___ C e .c
1884
1,000
1,281,000
A s h la n d D ivision first m o rtg age g o ld .............C e .c
1885
1,000
1 , 000,000
E x t ft Iran M fo r 55,0 0 0 ,0 0 0 g s f n o t d r a w n .C e .c
1889
1,000
4,148,000
I n c o m e b on d s (n o t cu m u la tive) n o c o u p o n s ____ r
1881
1,000
500,000
M arsh E x t 1st M 500 0,00 0 (515,000 p m ) - . U n . c *
1892
1.000
400,000
0 ft N W s f b on d s o f ’ 79 (515,000 p m )re d at lO SF .cr
1879 1,000 &c 11,780,000
S in k in g fu n d d eb en tu res 1 93 3............. .......(J n .c’ &r
1891 1,0 0 0 &c
9,695,000
2 5 -y ea r d eben tu res ( t o b e pa d N o v . 1) . U n . c ’ &r
1884 1,0 0 0 &c f 5 , 369,000
C h ica g o & N orth W estern 30 -y e a r d e b e n .U n .c ’ &r
1891 1,000 &c g 9 ,819.000
E x ten sion 4s 52 0 ,0 0 0 ,0 0 0 (5 2 0 ,0 0 0 p m ) - - U n .c & r
1886 1,000 &c h l 7 ,489,000
G eneral g old b on d m tg e 5 1 6 5 ,0 0 0 ,0 0 0 ... U s . c '& r
1897 1000 f t c l m 3 0 2 7 1 ,000
do
do
do
r e g is t e r e d ..
1897 1000 & c j
M a n it’c Gr B a y & N W 1st g gu M (V 8 8 ,p 2 3 0 )F .c * & r
1906 1,000 &c
3 ,7 5 0 ,0 0 0
M Ilw & S ta te lino 1st M g g u (V 8 8 ,p 2 3 0 )_ _ F .c * & r
1906 1,0 0 0 &c
2 ,5 0 0 ,0 0 0
Branch L in e B on d s A ssu m ed
B o y e r V a lley R y 1st M g 516 ,000 per m lle .F ,c * f t r
1898 1,000 &c
1 ,440.000
M inn ft la R y 1st M g old 5 16 ,000 per m !le _ -F .c * & r
1899 1,000 &c
1,904,000
M a n k a to & N ew U lm 1st M g o ld S 4 1 6 ,0 0 0 --F .c * ft r
1899
1,000
p416,000
S ou th ern Io w a first m tg e 5 1 .1 2 0 ,0 0 0 g o l d .. F . c * & r
1900 1,000 &c N one.) ’ly ’ 09
P rin ce to n & N orth w 1 st M 5 2 ,1 0 0 .0 0 0 g o l d - .F . c & r
1901 1,000 &c n l , 940,000
P eoria & N orth w est 1st M 5 2 .1 2 5 ,0 0 0 g o l d - .F . c & r
1901 1,000 &c
2.1 2 5 ,0 0 0
S io u x C ity & P a cific 1st M g o ld 5 4 ,0 0 0 .0 0 0 --F .c & r
1901 1,000 ftc 0 3 ,9 2 6 ,0 0 0
M inn ft S o D ak 1st M gold 5 5 2 8 .0 0 0 .............- _ F .c
33 1900
1,000
528,000
I o w a M in n esota & N orth w estern 1st M g o ld .F .c * & r
195 1900 1.000 &c
3 .0 0 0 ,0 0 0
F rem Elk ft M V con s M 525 ,000 per m ile assum ed 1,170 1883
1,000
7 ,7 2 5 ,0 0 0
235 1900
C h ic a g o P eoria & St L— Pr lien M g c all at 107 /4 _T a .c*
1 000
1 950,000
C on sol m tg e 5 2 ,000,000 gold ca ll at 105______T a c*
235 1900
1,000
2 ,000.000
I n c o m e m tg e gold (te x t) n o n -cu m call at p a r _______
235 1900
1,000
2 ,000,000
N ew S ecu rities to be Issu ed under R eorgan ization P la n
S t o c k , 5 4 ,0 0 0 ,0 0 0 ________ ______ ___________________
4 ,0 0 0 ,0 0 0
G en an d r e fu n d in g M 51 5 ,0 0 0 ,0 0 0 g o ld re d t e x t
2 , 000,000
1902 1.000 ftc 7 0 ,4 6 5 , 00
C h ic R 1 & Pac R R — Coll tr ,V 5 7 5 ,0 0 0 , o o o ._ C e e * fti
1
C o lla te !a l trust M 518 500 ,000 gold red 102 /4 C e .c *
1903
1.000 17,364.180
____
C h ic a g o R o c k Isl & P a cific R y — S to c k (5 7 5 .0 0 0 ,0 0 0 ).
100 74,85 ) 600
First M C h ic, I I I .,t o C ou ncil B lu f f s * bra n ch es U s .c *
764 1877 1 000 &e 12,500 ,000
In a d d itio n sinking fu n d J u ly 1909 held: f 5521.000 (and 510,00 0 on han d ) ; g 5 1 8 1 .
m 5 1 ,0 4 5 ,0 0 0 (also 5 9 ,9 2 2 ,0 0 0 on h a n d ):
I n 516 0 , 000 ; o 574.000 : p all In s .f.
B O N D S .— General M ortga ge.— See A b s tra ct In V . 65, p . 1175. T h e
a u th orized Issue Is 516 5 ,0 0 0 ,0 0 0 (U . S . T ru st C o ., tru ste e ); 513 1 ,0 4 5 ,0 0 0
w ere reserved to retire u n d erlyin g b o n d s, and rem ain der fo r a d d itio n s and
Im p ro v e m e n ts . 54.0 0 0 .0 0 0 at o n ce and 51,0 0 0 ,0 0 0 a ye a r thereafter.
V. 66.
p. 1070; V . 65. p . 69. I l l , 571; V . 75 p . 980: V . 8 8 , p . 280 , 563.
T h e sin kin g fund bonds o f 1870 are secured b y d e p o s it In trust o f 515,000 ,­
000 o f 1st M . b on d s at 515,000 per m ile on s u b sid ia ry lines, th e m o s t Im p o r t­
ant bein g d escrib ed In " S u p p le m e n t ” o f M ay 1894.
O f th e sin kin g fund
b on d s o f 1879 5 5,431,000 are 6s; th e sin k in g fund Is at least 1 % o f o u t ­
s ta n d in g b o n d s, w hich are s u b je c t t o call at 105, and th ro u gh Its o p eration
those o u tsta n d in g h ave been reduced from 5 1 5 ,0 0 0 .0 0 0 to the a m o u n t In ta b le .
T h e sin kin g fund debentures o f 1933 h a ve a sin k in g fu n d o f 5200,000 per
year, If th ey can be red eem ed at 105. See p a g e 2, “ S u p p .” o f A pril 1895.
T h e exten sion bonds o f 1886 are secu red by d e p o sit in trust o f First m o r t ­
gage b on d s at a rate n ot e x c e e d in g 520 ,000 p er tulle
In clu ded In th e c o lla t ­
eral J u ly 1 1909 were 51 0 ,6 7 5 ,0 0 0 F re m o n t E lkh orn & M o. V a lle y I s t s a n d
5 2 ,5 6 0 .0 0 0 W y o m in g Central ls ts (co n s o lid a te d w ith F . E. ft M. V . ) , ftc .
T h e F rem ont E lkhorn f t M isso u ri V a liev c o n so ls have a first lien on 1,170
m iles (F r e m o n t, N e b ., t o D e a d w o t d , D . T , 557 m ile s , and bran ch es t o
H astin gs A lb io n , & c ., 613 m ile s ). b u t besides th e a m o u n t o f Issue given as
o u ts ta n d in g In the t a b le , 5 10 ,675 ,00 0 (a lo n g w ith 52,580,000 W y o m in g
C entral firsts, A. F. E & M. V Issue) are held as p art co lla te ra l fo r C h ica go
ft N orth W estern ex ten sion b o n d s o f 1886.
G E N E R A L F I N A N C E S .— S to ck h o ld e rs In F e b . 1907 su b scrib e d fo r
5 2 4 ,4 0 1 ,6 0 0 c o m . s to c k a t par, the p ro ce e d s to b e used fo r Im p ro v e m e n ts,
e q u ip m e n t, ftc .
V . 82, p. 452; V . 83, p. 37 9 , 817 , 1098.
N ew term inals
In C h ica go to cost 5 20 .000 ,00 0 are to b e c o m n le te d Ja n . 1910.
V . 87, p . 479,
88 1 , 115 9: V. 89. p. 670 .
In Jan . 1909 sold 516 .2 5 0 .0 0 0 3 / 4 % b o n d s,
Inci. 5 1 0 ,0 0 0 ,0 0 0 generals. V . 88 , p . 230 , 563.
E A R N I N G S .— 2 m o s ., ( 1 9 0 9 _____ G ro s s , 5 1 2 ,5 0 1 ,0 2 6 ; n e t, 51,240,997
J u ly 1 to A u g . 31.
\1908______G ross,
10,985,829 ; n e t,
4 ,0 6 9 ,6 8 5
R E P O R T .— T h e ann u al m e e tin g Is h eld the third T h u r sd a y In O cto b e r .
R e p o r t fo r 1908-09 a t len g th in V . 8 9 , p . 66 3 , 669; e d ito ria l, p . 693. C o m ­
pa rison w ith certa in Item s In 1906-07 are In a ccu ra te , b u t gen eral results
are u n ch a n g ed .
O perating R evenues—
1908-09.
1907-08.
1906-07.
A v e ra g e m iles o p e r a t e d _____ ________________ 7,6 3 5
7,631
7,551
F r e ig h t r e v e n u e _________________________ 513,619,091 51 1 ,9 4 9 ,6 3 0 5 4 6 ,795 ,94 4
P a ss e n g e r re v e n u e ..... .................
16,875,668
15,734,007 15,992,110
M all, e x p r e s s , & c .......... ............................
5 ,483,712
5 ,535,107
5,571,312
T o t a l o p e r a tin g r e v e n u e s ..... ............-5 6 5 ,9 7 8 ,4 7 1 563 ,219 ,34 4 5 6 8 ,359 ,36 5
T o t a l n e t I n c o m e -.......... - ..........................5 2 2 ,6 1 0 ,7 5 5 5 21 ,855 ,48 5 524,013,071
R e n t s — d e b i t s ..............................................
818,848
460,159
290,711
In te r e s t on b o n d s, & c ..............................
7 ,6 0 3 ,9 2 6
7,505,184
7 ,750,118
S in k in g fu n ds an d o t h e r p a y m e n t s ___
252,687
251,450
231,676
D iv id e n d s on co m m o n s t o c k , 7 % ____
6,9 7 2 ,9 0 3
6,9 7 2 ,6 7 2
6 ,1 1 8 ,5 7 7
D iv id e n d s o n p referred s t o c k , 8 % ___
1 ,791,600
1 ,791,600
1,791,600
B a la n ce , s u r p l u s .. ................................ 55,1 7 0 ,7 9 0
54,8 7 4 ,4 1 9 57,830,388
O F F I C E R S .— P res., M arvin H u g h ltt, C h ica go; V .- P . , E . E . O sb o rn , 111
B ’ w a y , N . Y . ; T rea s. and A sst. S e c ., R . H . W illia m s, N . Y .; S e c ., Joh n
D a v is C a ldw ell.
D irectors — W . K . V a n d e r b ilt, F . W . V a n d e r b ilt. H. M c K . T w o m b lv ,
C h a u n c e y M . D cp e w , Jam es S tillm a n , Jam es C. F a rg o , F ran k W o r k , N . Y .;
M arvin H u g h ltt, B y ro n L . S m ith , C yrus H . M cC orm ick , C h a u n cey K e e p ,
H o m e r A . M iller, J oh n V . F a rw ell, C h icago; I I . C. F ric k , P itts b u rg h , P a .;
D a v id P . K im b a ll, O liv er A m e s , B o sto n ; Zenas C ran e, D a lto n , M ass.—
V . 8 8 , p . 294 , 374 , 504, 563, 1252; V . 8 9 , p . 663, 669, 992 , 1068.)
CHIC AGO PEORIA & S T . LOUIS R Y . — R O A D .— O w ns from P ek in to
G ra n ite C ity , 111., 180 m iles; G ra n ite C ity t o M ad ison . 2 m iles; M adison t o
B ridge J et , 3 m .; H a v a n a to J a c k s o n v ille . 111., 42 m .; b r a n c h , L o c k h a v c n
t o G ra fto n , 8 m ; total o w n e d , 235 m .; tra ck a g e . Pek in t o P e o r ia , 10 m .;
In Springfield 1 V, m .: to St. L ouis S ta tio n . 9 m .; to ta l, 255 W m iles
O n J u ly 1 1909 Pres. Joh n P . R a m s e y an d H e n ry M . M errlam o f S p rin g ­
field, III., w ere a p p o in te d receivers, the J a n u a ry an d J u ly 1909 c o u p o n s
on th e con sols being In d e fa u lt.
V . 89, p . 41. T h e c o u p o n s on the con sols
fro m J u ly 1906 to J u ly 1908 w ere paid In the six m o n th s th e re a fte r.
S ecu rity-holders’ C om m ittee.— C h arles H . W arren (C h a irm a n ), G e o rg e F.
B a k e r Jr. and A lfre d S h ep h erd (W . W . S te v e n s o n , 34 N assau S t ., S ecre ta ry ;
B a n k ers’ T ru st C o ., N . Y ., d e p o s it a r y ).
R E O R G A N I Z A T I O N P L A N .— T h e plan Issued b y th e s e c u r ity -h o ld e r s ’
c o m m itte e d a te d J u ly 7 1909 (a sse n te d to b y th e o w n ers o f a large m a jo rity
o f all th e o u ts ta n d in g secu ritie s) p r o v id e s th a t a n ew c o m p a n y shall a cq u ire
th e road a fte r foreclosu re, s u b je c t to the 5 2 ,0 0 0 ,0 0 0 p rio r lien m o rtg a ge o f
1900, o f w h ich 51,9 5 0 ,0 0 0 a rc o u ts ta n d in g . T h e c o m m it t e e Is g iv e n broad
P ow ers, Inclu din g sale In th e c o m m o n Interest.
T h e plan (V . 89, p. 285) a u th o rize s an Issue o f 51 5 ,0 0 0 ,0 0 0 “ general and
r e fu n d in g ” 3 0 -y ea r gold 4 /4 s .
P resen t Issue, 5 2 ,8 5 0 ,0 0 0 , o f w h ich the
5 1 .1 0 0 .0 0 0 Issuable In e x ch a n g e fo r th e o ld c o n so ls an d u n p a id co u p o n s are
to bea r o i l y 3 % in terest fo r th e first 6 yea rs.
F o r six years th e new
b on d s are to be s u b je c t to call a t p a r o n a n y In terest d a te on 60 d a y s ’ n o tice ;
t h e r e a fte r a t 1 0 7 /4 .
O f th e b o n d s, 52,8 5 0 ,0 0 0 w ill be Issued fo r use under
th e plan ; 52,000,000 w ill be r e s e rv e d to re fu n d p rio r Hen b o n d s an d 5150,000
fo r use In r etirin g p rior lien b o n d s and 510 ,0 0 0 ,0 0 0 fo r e x te n s io n s , e q u ip ­
m e n t and Im p rov em en ts.
N ew S ecurities to be Issued in E xch a n ge,
S ecurities
A m oun t
N ew G en. ft
N ew S tk
If Pay.
D ep osited .
Out.
(V o t.T r .)
Cash.
R ef. 4 /4 s .
5 1 .0 0 0
C on sol. M . b o n d s . .5 2 ,0 0 0 ,0 0 0
♦5500 00
5625 00
100 O v e rd u e c o u p o n s ..
100,000
*50 00
62 50
1.000 E q u ip . & c a r tr u s t s .
181,000
1,000 00
1.000 In c o m e M . b o n d s . . 2,0 0 0 ,0 0 0
5100 00
100 00
400 00
100 P referred s t o c k ____ 3 ,7 5 0 ,0 0 0
7 00
24 50
7 00
100 C om m on s t o c k ____ 3 ,6 0 0 ,0 0 0
3 00
9 00
3 00
* In te r e s t on these b on d s r e d u c e d to 3 % fo r first s ix yea rs.




I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a y a b le

6 g
6 g
6 g
5 g

6

5
5 & 6
5
5
5
4
/
3M
1 3 /4
3 /4
3 /4

M ft N
ft
J
J
M ft
N
F ft A
M ft N
A
O
A ft O
M ft N
M & N
A 15 & O
F 15 & A
M & N
Q— F
ft
J
J
J
ft
J

ft

g
g
g
g

W here P a y a b le an d by
W hom
do
do
do
do
do
do
do
do
do
do
do
do
do
do

do
do
do
do
do
do
do

do

J
ft D
do
ft D
J
do
A ft O
do
M ft
S
do
& .1
J
do
M ft
S
do
F & A
do
J
& J
do
J
ft
J
do
6
A ft O
L ib e r t y N a t B a n k
4 /4 g M & S
J
ft
J J u ly ’ 08 c o u p last paid
5 g
U p t o 5 % w hen earned
3 /4
3 /4
3 /4
3 /4
3 /4
3 /4
3 /4
3 /4
3 /4

g
g
g
g
g
g
g
g
g

ft
ft

M
N
4 g
M
S
5 g
5 I f In ’09
Q uar.
6
j
ft
J
000 ; h 5 1,143.000

B onds— P r in c i ■
pal, W h e n tD u *
Stocks— Last
D ivid en d

iFeb
M ay
O ct
O ct
M ay
N ov
Apr
Aug
N ov
N ov

1 1929
1 1911
1 1922
1 1929
1 1933
1 1909
151921
151926
1 1087
1 1987
1 1941
1 1941

D eo 1 1 0 2 3
1924
1929
1925
1926
1926
1936
1035
Jan 1 1935
1033
Mch 1 1930
July 1 1930
1930

First N a tio n a l B ank N Y N o v 1 2002
do
O ffice 115 B ’ w a y N Y
First N ation a l B ank N Y
: k 520 2,50 0;

O u t o f th e 5 2 ,8 5 0 ,0 0 0 "g e n e r a l & re fu n d in g ” 4 /4 s , 585 0,00 0 w ill b e p la c e d
In th e tre a s u ry , an d It Is e s tim a te d th a t a ft e r p r o v id in g fo r th e floatin g d e b t
the new c o m p a n y w ill have fre e tre a su ry assets In cash an d "g e n e r a l a n d r e ­
fu n d in g m o r tg a g e ” b o n d s o v e r 5 1 ,0 0 0 ,0 0 0 to m a k e n e e d e d Im p ro v e m e n ts.
1 he new c o m p a n y w ill h a ve a fix e d an n u a l ch a rge o f a b o u t 5 1 5 4,00 0 fo r
the first 6 y e a rs , w h ich w ill be th e r e a fte r In creased a b o u t 515,000 b y the
Increase In ra te fro m 3 % to 4 / 4 % o n th e 5 1 ,1 0 0 ,0 0 0 new b o n d s issu ed In
e x c h a n g e fo r o ld co n s o ls.
S e c u rity -h o ld e rs w h o p re fe r;n o t to m ak e a cash p a y m e n t a s a b o v e p ro v id e d
are o lfe r e d In n ew s to c k a t fa c e v a lu e v o t i n g tru st ce r tific a te s fo r
51,000 In com e m tg e . b o n d s, 560 In n ew s t o c k ; f o r 5100 p r e f. s t o c k , 54 In
new s to c k ; fo r 5100 c o m m o n s t o c k , 52 In new s to c k .
E A R N I N G S .— 12 m os.,J 1 9 0 8 -0 9 ----------G ross, 5 1 ,5 0 4 ,8 3 3 ; n e t, 5163,902
J u ly 1 to J u n e 30.
119 0 7 -0 8 ----------G r o s s , 1,479,586; n e t, 119 ,170
R E P O R T fo r ye a r to Jun e 3 0 1908 w as In V . 8 7 , p . 141 5, s h o w in g , gro ss.
51,477,981 ; net o v e r ta x e s , 5 8 1 ,0 0 8 ; o th e r In co m e , 5 2 8 ,3 2 1 ; Interest an d
rentals, 5 21 3,46 1; b a l., d c f ., 5 1 0 1 .1 3 2 .
Pres, and G en . M g r., J o h n P
R a m s e y , S t. L ou is, M o .: S e c ., A sst. T r e a s . an d A u d ., H . W . B e rger,
S p rin g fie ld , 111.; T reas., F . J . W ils o n .— (V . 89, p . 778.)
C H I C A G O R O C K I S L A N D & P A C I F I C R A I L R O A D . — In c o r p o r a te d In
Io w a on J u ly 31 1902 as an o p e ra tin g c o m p a n y , p er plan V . 75, p 239 t o
take o v e r th e C h ic. R . I. & P a c. R ailw ay
T h e en tire ca p ita l s t o c k
•5145,000 000) Is ow n e d b y T h e R o c k Island (h o ld in g ) C o m p a n y
’
B O N D S .— T h e colla tera l trust 4s o f 2002 (a u th o rize d issue 5 7 5 .0 0 0 ,0 0 0 )
ire secured b y a p le d g e w ith th e trustee o f an equa l a m o u n t <.r th e s to c k o f
The C. R . I. & P. R ailw ay as a cq u ire d .
In June l o r o *70 388 7 0 0 o f th e
174 859 ,600 R ailw ay s to c k had been a c q u ir e d .
In 10( 9 517 ,364 ,18 0 o f an
au thorized Issue o f 5 1 8 ,500 ,00 0 colla tera l trust 5s o f 1913 had been Issued,
with T h e R o c k Island C o .s t o c k In p a y m e n t ,fo r 52 8 .9 4 0 .3 0 0 o f 529 000 ,0 0 0
S t. L . & San . F ran . c o m . s to c k . V . 76, p . 1406. T o ta l Incom e In 1908-09,
5 3 ,711,574 ; e x p e n se s, 52,815; Int. o n b o n d s, 5 3 ,6 7 9 ,9 6 5 ; b a l., sur. fo r y e a r ,
5 2 8 ,7 9 4 ,0 0 0 .— (V . 8 7 , p . 1154.)
C H I C A G O R O C K I S L A N D & P A C I F I C R Y — (See M a p Rock Islan d C o .,
pages 118 and 119 .)— T h e system e x te n d s from C h ica g o . III., v ia O m a h a ,
N e b ., t o D e n ve r ft C o lo ra d o S prin gs, Col
and v ia K ansas C it y , M o . t o
Santa R o s a . N ew M ex. there c o n n e c tin g w ith th e lines o f th e N ew M e x ico
R y . & Coal C o. and fo rm in g w ith them and th e Sou th ern P a clllc a th r o u g h
Ime t o th e P a clllc C oast; also from T u cu m c a r l, N . M ., t o M e m p h is, T e n n .,
a id t o Fort W o rth T e x . on th e so u th and on th e north t o M in n e a p o lis.
J in n ., and W a te r to w n , S. D .. w ith n u m e r o u s bran ch es v iz .:
M ile a g e ow n ed —
M ile s.
L e a s e d — (’ S e e th is co.)
M ile s.
C h ic ,, 111 , t o C olo S p ’ gs, C o lo . 1,064 K e o k u k & D es M o in e s * _______ 162
D a v e n p o r t, l a . , to T e rra l, I. T . 708 P eoria & Bureau V a lle y * ____
47
(le r ln g to n , K a n ., t o T e x h o m a ,
W h ite & B lack R iv e r V a l l e y * . .
62
O T .............................................. 323
L ittle R o c k & H o t Springs
liu rl’g t ’ n ,I a .,t o M ln n ’ a p .,M ln n . 308
W e s t e r n * ____________________
22
V in to n , l a ., t o W a t e r t ’n , S. D . • 376 R o c k Isl. A rk . ft L o u is ia n a ____
307
Branch lin es.....................................2,052 I Trackage t o S t. Iaruls, D e n v e r ,
^
. . . . ......
-•
P u e b lo , & c ____________________ 716
C apital stock all owned—
C h oc. Oltla. ft G u lf (le a s e d )___ 983 O th er lines u n d e r c o n s t r u c tio n .
70
Chic. R . I. & El P a s o _________
112
C h ic. R . I. & G u lf......................... 523 T o ta l m ilea ge o p e r . and u n d e r
St. L ou is K C. ft C o l_________
284
c o n s tr u c tio n Jun e 30 1009 .8 ,1 1 8
T h e R o c k Island Interests In A p ril 1006 acq u ire d a h a lf Interest In th e
T r in ity ft B razos V a lle y R y . . o w n in g a line from C lebu rn e t o H o u s t o n . T e x . ,
236 m iles, w ith branch to W a x a h a tch le , 70 m ile s, and tr a c k a g e rights from
C leburne t o F o rt W o r t h , W a x a h a tch le t o D allas and H o u sto n to G a lv e sto n .
E x te n sio n fro m L ittle R o c k , A r k ., t o C rossett an d S u m m e rville . A r k .,
to E u n ice . A la ., 308 m iles, u n d er ch arter o f R o c k Isla n d Arkansas ft L o u isi­
ana R R .; 308 m iles w as c o m p le t e d ea rly In 1908. S ee B O N D S b e lo w .
In
A u g . 1909 49 m iles w ere o p e n e d o f e x te n s io n b u ild in g fro m A m a r illo , 'T ex.,
w est to T u cu m c a r l, N . M e x ., 110 m ile s, u n d e r c h a r te r o f T u cu m ca rl &
M em ph is.
H I S T O R Y .— A c o n s o lid a tio n Jun e 2 1880 w ith 550 .000 000 s to c k
In J u ly 1908 5 7 0 ,199 ,00 0 o f th e 5 7 1 .859 ,60 0 ca p ita l s to c k had been d e ­
p osited per plan V . 75, p . 239 , each 5100 s to c k be in g exch a n g e d fo r th e fo l­
low in g secu rities: 5100 In 100-year 4 % g o ld b o n d s o f th e C ld c. R . I. ft
Pac. R ailroad (o f Iow a ) and 570 p re f. and 5100 co m s to c k o f th e " R o c k
Island C o m p a n y ” ( o f N ew J e r s e y ), w h ich o w n s th e en tire c a p ita l s to c k o f
the R ailroad c o m p a n y .
See sta te m e n ts fo r those c o m p a n ie s.
In 1902 m o s t o f th e s to c k o f th e B u rlin gton C ed ar R a p id s ft N o r. and
R o c k Isl. ft P e o ria w as a c q u ir e d , and th eir road s leased from Ju n e 1 and
su b se q u e n tly d e e d e d to th e C. R . I. ft P. V . 7 4 , p . 1194, 1250.
D IV ID ’S 1
'9 8 . ’ 99 t o '0 2 . ’ 03.
04. 05. '0 6 . ’ 07. 1908.
1909.
Since 1 8 9 7 . . / % 4 /4 5 y e a rly
7 t$ 8 H 6 t f
6
5 tf
5 /f
5 /f
In 1909, J a n ., l % ; A p r I l , 1 / 4 % ; J u ly , 1 % ; O c t ., 1 H % .
S pecial d is trib u tio n s , Incl. 51 63 per share Ju n e 17 1905, see V . 8 0 .p.2398
B O N D S .— O f th e general 4s o f 1898 th ose unissued arc av a ila b le ns fo l­
low s: 5 21 ,900 ,00 0 at n o t o v e r St ,0 0 0 .000 p er annum fo r p erm an en t Im p r o v e ­
m ents and a d d itio n s . Incl. e q u ip m e n t, and 512,500 000 t o retire th e first 6 s
of 1917; B a n k ers’ T ru s t C o ., N ew Y o r k , and Berij. S tro n g J r ., tru stees.
M tge. A b s tr a c t In V . 66. p . 522; V . 78. p. 228; V . 8 0 . p. 472.
T h e co llateral trust gold 4s o f 1902 (524 n o o .0 0 0 a u th o riz e d ) are secured
b y d e p o s it o f all s to c k o f C h o c. O k la .ft G u lf R R . V . 7 4 , p 7 7 5 ,8 2 9 9 3 6 , 1356.
T h e refun din g 4 % b o n d s o f 1904 (5 1 6 3 .0 0 0 .0 0 0 a u th orized Issue) a r e a
first lien (e it h e r d ir e c tly o r th rou gh p le d g e o f th e en tire Issues o f b o n d s o f
the co m p a n ie s o w n in g the sam e) on term inal p r o p e r ty In St. P aul and
M inneapolis, new e q u ip m e n t an d sh ops at M olin e, 1 . and on ra il­
11
w ay lines ag g re g a tin g 1,148 m iles; also a Junior lien s u b je c t t o e x is tin g
m ortg ages on all th e o th e r lines o f the system o f th e R ailw ay c o m p a n y , a g ­
gregatin g, e x c lu s iv e o f leased lines and tra ck a ge , 5,708 m iles. See V. 78;
p . 228, 234: V. 79. p . 1716, 2206; V. 84. p . 219; V. 8 5 , p. 98; V. 85. p. 1478.
Issuable f o r t h w i t h ................. _
........
...................... 551 o o o ou o
Issued o r Issuable t o an a m o u n t equa l to th e va lu e o f b on d s so
Issued, to a cq u ire p r o p e r ty . In clu d in g s to c k s and b o n d s . . . 25 000 000
R eserved to retire at o r b efore m a tu r ity all b o n d s o f th e railw ay

I N T E R E S T OR D I V I D E N D S

R A IL R O A D S

§S S

E a | S

p p d a r R a n ld s I F & N W ilrst m tg e gold g u a r .-C e .c
B C R & N or co n s o l first m o r tg a g e g o ld - .C e .c * & r
M in neapolis & St L ou is 1st M gold (assu m edl
P
R oclc Island & P e o r i a con s Jst M (V 75 P 8 0 )----- M p
CJhoc O & G general (n ow 1st) M. $5,500 .000 g - - - - c *
C h oc & M em 1st M $3,730,000 a ssu m e d - (IP c& r
L R o c k B rid ge 1st M assum ed g o ld red (te x t) G P .c*
Consol m tg e (see te x t ) $3 0 ,0 0 0 ,0 0 0 g o l d . . . G P .c *
Car tru st Series C d u e $22 0,00 0 y e a r ly . . . . . O P
R o c k Isl A rk A L ou is 1st M $13 ,000 000 g o ld -------Ba
R o c k Is la n d -’ F rlsco T erm 1st M g gu a r J o i n t l y .. ,c *
P eoria R y T erm 1st m tg e g o ld gu ar Jointly r e d - .I C
2 n d m tg e gu ar J o in tly ---------------------------------------R n u ip n otes d u e $323,000 sem l-an ( V . 8 4 , p.3 3 8 ) Ba
d o scr B , due $60,000 s a ...............................................- - ­
d o ser C, g o ld , d u e $265,000 s - a ................................Cec
C h ic & R l K iev »vl g guar p A 1 redeem at p a r -------c*
C on sol Ind Coal 1st M g Int gu red 110 s f - - - G c * A r
C h ic a g o St L ou is & New O rlean s— See Illinois Central
C h ic a g o St Paul M inn & O m a h a — C o m m o n Stock
P referred s to c k n o n -cu m In clu d in g scrip (sec t e x t ) .
Ch St P & M inn 1st M gold E lro y t o L St C ass d - . c *
St P * S iou x C ity 1st M gold $10,000 p er m il e .- C e c
N or VVIs 1st M L a ke St C t o n ear S p o o n e r ass d .C c .c *
S au lt S tc M arie & South w estern first M a s s u m e d ..c
C S t P M & O m tg e $30 ,0 0 0 ,0 0 0 ($15,000 p m ) .C e c*
do
do
c o n so ls Interest r e d u c e d ------C h ic a g o S ou th ern — See Sou th ern In dian a
C h ic a g o S u b w a y — 111 T 1 st M $30,000 000 g red 105
F irst Hen m tg e g o ld red 105 (see t e x t) . . . . U s t n .c * « r
C h ica go D o ck M assum ed red 105 (V 68 p 3 3 3 )------N otes secured b y 2d M C h ic D o c k . . . . -------- - - - - t
C h ic a g o T erm T ran R R — Ch A G t W 1st M g ass d . . c *
C ity o f C h icago p u rch ase m o n e y m o rtg a g e assum ed
—
■
,500,000 au thorized gold
R e c e iv e r ■ certificates
's

D a te
of
B on ds

2,393

F o r exp la n a tion o f colum n headings. A c . , see notes
on fir s t page o f tables______________

M ile s
of
R oad

1898
1902
1904
1881
1884
1877
1885
1894
1899
1899
1902
1902
1906
1907
1907

Text
292
999
12
113
378
282
335
308

1907

1565

1904
1905

177
607
80
37

1878
1879
1880
1890
1880
1880

S iz e , or
Par
V a lu e

$1,000 A c $ 6 1 ,581 ,00 0
1 ,0 0 0
13,446 000
1.000 A c 7 9 ,9 2 2 ,0 0 0
1,000
1,005 000
1.000 A c 1 1 ,000,000
500
150.000
5.000
450 .000
1.000
5 .5 0 0 .0 0 0
1,000
3 .525.000
1,000
235.000
1,000
5.4 1 1 .0 0 0
1,000
220 ,000
See t e x t
1,000
3,0 0 0 .0 0 0
1,000
944 .0 0 0
280 .0 0 0
1 ooo
4,8 7 5,000
1,000
4 2 0 .0 0 0
1,000
5 .3 0 0 .0 0 0
i ,ooo
85o 000
1,000
2 .682.000
100
100
500 A c
1.000
1.000
1,000
1,000
1,000

1903
1908
1899

1,000
1,0 0 0 A c

1886
. .

A m ount
O utstanding

1,000

1907

B on ds— P r in c i­
pal. W hen D u e
S tocks— Last
D ivid en d

W hen
P a y a b le

4
4
4
5
5
7
6
5
5

A
A
A
A
A
A

J F irst
N
O
O First
O
D

A
A
A
A
A

First N a tio n a l B a n k N Y
O ...................... —
O
O First T r A S av B a n k Chic
D G u a ra n ty T ru s t Co N Y

F eb '1 0 -F e b '17
A p r '1 0 -A p r '1 3
A p r ' 1 0 -O c t ’ 19
O ct 1 1924
June 1 1935

A

O ffic e 111 B ’ w a y N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
D

A u g 20 1909 3 H
A u g 20 1909 3 H
M ay 1 1918
A p r 1 1919
Jan 1 1930
N ov 1 1 9 1 5
Jun e 1 1930
Jun e 1 1930

g
g
g
g
g
g

N a t . B a n k . N . Y . Jan 1 1988
M ay 1910-1918
do
do
Apr 1 1934
do
do
N a tio n a l B a n k N Y O ct 1 1921
A p r 1 1934
do
do
June 1 1927
do
do
J u ly 1 1925
do
do
O ct 1 1919
do
do
Jan 1 1949
do
do
J u ly 1 1919
do
do
M ay 1 1952
do
do
A pr 1 1910
do
do
Jan 1 1956
N ew Y o r k and St L ou is Jan 1 1927
Jan 1 1937
N ew Y o r k

g
g

6 g

5 g
4H
5 g
5 g
4 g
5
4H
6
4 Y, g
5 g
5 g

18,5 5 9 ,0 8 6 7 In 1900
11 ,259,911 7 In 1909
1.319.000
6 g
6 .070.000
6 g
6
631.000
350 .000
5
6
16.370,000
3.734.000
3H
See t e x t
See t e x t
665.000
333,750
394.000
650 ,000
150 000

W here P a y a b le, and by
W hom

R ate
%

5 g

6 g
4 g
4
5 g
5
6

.T A
J
A
A A
J
A
J
A
M A N
M o n th ly .

Ju n e 1908 c o u p last nald D ec 1 1 9 2 8
U S M tge A T r C o , N Y J u n e l 1928
N orth ern T r C o C h icago 1929
J u ly 1 1909
M ercantile T r u s t C o N Y June 1 1936
M ay 1 1938
T o C ity o f C h ica go
See t e x t
_____

CHICAGO SOUTHERN R Y.— See S ou th ern In d ia n a R y .
CHICAGO ROCK I S L A N D & P A C I F I C RY. (C o n c l u d ed ) .
C H IC A G O S U B W A Y CO — (See M a p .) — I n c o r p o r a t e d In N ew J e rs e y
system fallin g d u e w ith in th e n e x t 30 years (n o n e o f su ch
u n d erly in g b on d s t o be e x t e n d e d ) , also t o a cqu ire $ 2 5 ,900,000
N o v . 21 ^ 901 a n d h old s o v e r "99 £ % o f t f f c ^ O . O O ^ r s ^ M e ^ I l l . n o ^
sta n d in g s to c k o f the Illinois T u n n el C o . an d o f the s t o i c s o f ‘ f1® / r " ° 8
general 4s o f 1898 Issuable fo r Im p r o v e m e n ts , v iz .
T e le p h o n e C on stru ction C o. and the C h ica go W are h o u se A T erm in al C o.
B on d s to B e T aken U p —
T h e Illinois T u n n el C o. had c o m p le te d , O c t . 1908. 60
C h ica g o R o c k Island & P a cific R y , gen . m t g e . 4s
e q u ip p e d w ith n a rrow -ga u ge ele ctric m o to rs and ca rs, d esign ed fo r th e
hereafter t o be Issued, v iz .:
rnn nnn
tran sfer o f fre igh t b etw een the va rio u s railroad term inals In the C ity 01 C h i­
(a) T o retire at m a tu r ity 1st 6s o f 1 0 1 7 - - - —
. $ 1 2 ,000,000
c a g o . and fro m these term inals t o and fro m the d o w n to w n business d is tric t
(b) A t n o t e x c e e d in g $1,0 0 0 ,0 0 0 p e r y e a r fo r ad and b etw een business hou ses.
It Is still en gag ed In d e v e lo p in g
ex1
t£nc>
d ltlo n s and I m p r o v e m e n ts ..................... - ............. - 2 3 ,uuu.uuu
Ing the s y s te m . See V . 86, p . 720; V . 87, p . 135 7. S ta tu s S e p t. 1909,
B u rlin gton C ed ar R a p id s A N orth ern R y . C o. co n s
5s Issued o r h erea fte r t o be Issued t o retire:
6 500,000
V ’T h e a u th orized sto ck o f the C h ica g o S u b w a y C o. Is $50 000 . 000 . o f w h ich
(a) B . C. R . A N . R y . 1st m tg e . 5s o f 1 0 0 6 - - - .
1,905,000
$ 5 ,0 0 0 ,0 0 0 rem ains In th e treasury unissued; p ar v a lu e o f shares $100.
(b) C cd . R a p . Ia. Falls A N 1st m tg e . 5s o f 1 92 1.
In A pril 1908 It w as arran ged to e x c h a n g e per plan V . 8 6 , p . 1284. 1467,
C h o cta w O k la h om a & G u lf D D - co n s o l. 5s. here­
the o u ts ta n d in g $ 1 7 ,0 0 0 ,0 0 0 Illinois runnel 5 % b o n d s f ^ C h ica g o S u b w a y
a fter t o be Issued t o retire $ 5 ,500,000 C. O . & G .
2 0 -v e a r 5 % first lien b o n d s se cu re d b v de p o sit o f the T u n n e l han n s . t h e
R R . general m tg e . 5s o f 191 9.......... .... - - - - - - - - - o.500 000
s to c k o f th e T u n n el C o. and b y o th e r p r o p e r ty , in clu d in g the s u b w a y c o m ­
I f 08 A 902 22 4 t0 000
C h icago R o c k Island & P a c. R y .
p a n y ’s Interest In the s to c k o f the C h icago W are h o u se A s e m i n a l C o . TOe
(C h octa w O k la h om a & G u lf sto,ek c o lla te ra 1) - - 22.4 1 0 .0 0 0
Issue c f th e collateral tru st b o n d s w ill be u n lim ite d .
A d d itio n a l b o n d s
6 % n otes o f D . R . F ra n cis, A c ., paid J a n . 1 1 9 0 5 ..
4,500 o o o
m a y b e Issued b e a rin g a lo w e r rate o f Interest and
nnn°
R n ok Tsland & P c o . R y . Co co n s o l. M 6s o f 1 9 2 o -4ou,uuu
Jun e 1 1928. O f the b o n d s, an a m o u n t m ay be ap p lie d t o re p la ce * 13l,®?®:j
O h o c .O k l a 1 A G u lf R R . e q u ip trust c e r t if ic a t e s ..
2 ,3 6 0 ,0 0 0
-$ 8 2 ,0 2 5 ,0 0 0
000 Illinois T u nnel b o n d s as se cu rity fo r $ 9 ,5 0 0 ,0 0 0 floating d e b t o f T u n n e l
C o . V . 86, p . 794 . In J u ly 1909 $ 1 5 ,8 4 2 ,0 0 0 first b e n b o n d s h a d b een
R eserv ed t o p r o v id e 7 5 % o f purch ase price o f securities o f
13,500,000
Issued In exch a n g e fo r Illinois T u nnel b o n d s . V . 8 7 , p . 166, V . 8 8 . p . 100.
o th e r co m pan ics h ereafter a c q u ir e d -------------------- - ---------— ;
C h ica g o o ffic e , 1779 M on roe S t .— (V . 8 9 , p . 778 , 918 .)
R e serv ed t o be issued at n o t o v e r $ 2,500,000 y e a rly fro m Ja n . 1
1904 fo r fu tu re Im p rov e m e n ts and e q u ip m e n t
27 475 non
C H IC A G O T F R M IN A I
T R A N S F E R R R .— P R O P E R T Y co n sists o f
O f th e $ 7 9 ,9 2 2 ,0 0 0 re fu n d in g 4 s d a te d 1904 Issued A u gu st 1 90 9, $ 2 7 ,­
passenger an d fre igh t term inals In c ity o f C h ic a g o , lines ° f ta'bw ay
104 ,000 w ere Issued fo r r e fu n d in g p u r p o s e s ,$ 1 5 ,0 0 0 ,0 0 0 to relm nur:se tr<easth e re to , and a b elt line a rou n d th e c it y . C o m p a n y ° w ns 760 acres o f . and
l
nr\r
oi ft noo for n cou lsitlo n o f p ro p e rty or secu rities an d $15 ,0 0 0 ,0 0 0
In an d a d ja ce n t to the c it y , o f w h ich 50 acres are in the cen tre o f th e business
fo r lm p r o lc m c n t s
O ? th e rem ain in g $83 078 .0 0 0 b o n d s a u th o riz e d ,
d is trict; also Includes 7,5 0 0 fe e t o f d o c k p r o p e r ty on C h ica go R iv e r N ea rly
$ 5 5 ,0 0 7 ,0 0 0 w ere reserved fo r u n d e rly in g b o n d s, 5 1 3 . 5 0 0 , 0 0 0 fL.7 '?™
0
o f th e purch ase p rice o f b o n d s o f o th e r c o m p a n ie s, and the balan<^ f ° r Im ­ all la n d , Inclu din g th a t u p o n w h ich track s h ave been b u ilt. Is ow ned1 In fee.
T ra ck o w n e d . 84 m .; leases fro m C h ica go J u n ct on R y .1 1 ™ :’k4raf ^ j . 7
''
p r o v e m e n ts and a cq u isitio n s o f o th e r pro p e rtie s o r s ecu rities. In O c t . 1008
t o ta l, 101 m .; 2d tr a c k , 69 m .; sid in gs, 118 m .; to ta l all tra ck s , 289 m iles.
$ 9 ,0 0 0 ,0 0 0 w as s old , a n d In M ch . 1900 $ 3,486,000 a n d In A u g.
000 , m a k in g $ 70 ,922 ,00 0 o u ts ta n d in g as a b o v e .
V . 87, PH I S T O R Y .— A reorgan ization In Ju n e 1897 o f C h ica g o A N orth ern P a clflo
V 88 p . 623 , 822: V . 89, p . 66 6 . P eoria R y . T e r m , first 4 b (#1 • 0 >000
50
h
C alum et T
plan V 64,
a u t h . Issu e), gu a ra n teed Jointly w ith C h icago A A lto n , are s u b je c t t o call and CA icago16A1907 the lowe rm in a l, gran ted. th e pp . 88 8 , o898 . B a lt . A O h io
On p ril
er co u rt
e titio n f the
a t 102 yt a fter 10 years: also Join tly gu ar. $ 280,000 s e c o n d 5s. V . 8 o , p . 159.
fo r perm ission t o p a y o ff the $ 15 ,140 ,00 0 Orst m o rtg a g e bond sL w h ich 1 w ere
A s to C h ic. R . 1. A P a c. E levator m tge. , sec V . 7 0 . p . 2500. A . 82,, p . 7 o 0 .
called fo r p a y m e n t on M ay 3 1907. the h olders t o r e v i v e the a m o u n t fo u n d
A s t o C on sol. In dian a Coal 5s, Interest g u a r ., see V . 8 0 , p . 240 1, 2623,
to b e d u e u n d e r d e c r e e w ith ln t. fro m d a te o f la tte r (F e b . 20 1907 to M ay 3 ).
form o f g u a r a n ty , V . 82, p. 1490.
R o c k Isla n d -F rlsco T erm in al R y . 5s,
F o re clo su re sale, w h ich h ad b e e n set fo r M ay 3 1907, w as e n jo in e d to en a b le
sto ck h o ld e rs to te st v a lid ity o f B A O le a se . V . 8 4 . p . 930 86 7 , 1182,
‘ T a T E S T ^ E A lt N IN G s !—■?i 9 OIL’.-74_G ross, $ 1 1 ,3 0 3 ,7 3 4 ; n e t, $3,0 0 5 ,7 0 7
V 85 n .9 2 1 ; V . 86, p .4 7 9 ; V . 87, p . 1010; V . 8 8 , p . 1127, V . 89, p . 1UOB.
2 m os
J u ly 1 t o A ug 3 i . . { l 9 0 8 - . - - G ross. $ 1 0 ,0 1 3 ,2 3 4 ; n e t, 3 ,0 2 1 .7 3 9
r.®'
R E P O R T — F o r fiscal y e a r 1908-09 In V . 8 9 , p . 1064; “ C h ro n ic le '1 O c t .30*. T h e B? A O . o n June' 30 1909 o w n e d $ 8 ,5 0 8 ,1 0 0 p r e f.
p o r te d In O ct. 1909 a cq u ire d a fu ll m a jo r it y o f th e s to c k th ro u gh th e p u r­
Y e a r ending J u n e 3 0 1908o°o
9,V
1007, 0 8 ;n
m e . or D ec
chase o f th e h oldin gs o f th e C h ic. B u rl. & Q u m c y .
, , Pre au th orized
O n M av 14 1906 $3,500,000 o f receivers’ gold cert fleates w ere a u tn o n z e a
+ $2,7 0 0 ,6 9 0
T o t a l1 o p e r a t in g ' r even u e'. 1 1 1 1 1 1 1 $ 6 1 ,184*,887 $58,484', 197
t o p r o v id e fo r e le v a tio n o f tra ck s ; $150,000 o u ts ta n d in g J u ly 1908. T h e y are
+ $1,8 4 2 ,4 0 5
O p era tin g Incom e (a fte r t a x e s )- — $16 ,4 0 0 ,5 2 7 $1 4 ,5 5 8 ,1 2 2
to be a lien prior t o m tg e . o f 1897 an d p aya ble on d e m a n d .
V . 8 2 , p . 1155.
+ 1,925,242
+ 470 ,736
in t e r e s t V n d °rc n ta ls l I I I I I I — —
I O A z I'a I o
T E N A N T S .— B a lt. A O h io . C h ica go G r®a ‘ W e s te rn , C h icago J u n ctio n .
+ 6,377
Pere M arau ette (th e last n am ed since D e c. 190 3 ). See V . 7 7 , p . 9 4 » , z i o s ,
Betterments o n leased lin e s .............
o s o ’o i o
3 920 785
+ 234
V . 79, p . 901.
M inim um rentals re ce iv a b le fro m ten an ts a m o u n t to $ 5 1 3 ,­
Dividends ( 5 H % ) ................................
3 '930'019
3 ’9 29’7 8 j
500 a n n u a lly . See V . 7 9 . p. 2084.
{S in n ™ curnlus
...........$2,236,212
$788,317
+ $ 1 ,4 4 7 ,8 9 5
S E C U R I T I E S .— S to ck .— $ 1 3 ,000 ,00 0 c o m . and $1 7 ,0 0 0 ,0 0 0 4 % n on 1905-06.
1 90 4-0 5.
10®3*®4 *
n r ] ar w ’. U P S............... 1 90 6-0 7.
Old B a sis—
7 7 so
7 218
7,232
7,2 0 5
cu m . p re f. O f th e $16 ,5 0 0 ,0 0 0 5 0 -y e a r 1st 4s. $ 1 ,3 0 5 ,0 0 0 are reserved1 to
G ross earnings*.............. '. $ 60 ,238.420 $51 ,237 ,85 8 $ 44 ,051 ,50 9 $44 ,969 ,49 1
re tire assu m ed b o n d s an d $55 ,000 In th e tre a su ry . V . 79, p . 90 1 . b e e abo\ e
° 8
r u s '-I c im T r m a n o f B o a rd . D . G . R e id ; C h airm an o f E x e cu tiv e
R E P O R T .— R e p o r t fo r year e n d in g Ju n e 30 1909, g iv e n In V . 8 9 , p . 106 6,
OI- P I C D R S .- ^ h W r m a n o r u o a r u .
w in c h e ll; V ice -P re s id e n t. R .A .
sh ow s: O per. r e v ., $1,09 1 ,8 1 7 ; oper. In c ., d e f. a fte r ta x e s , $ 10 1,72 7; o tn e r
C o m m ittee, B. F . Y o a k u m , p re sid e n t,
J
•,> v ic e -P r e s .. II. U.
>
J a ck son ; A sst. S ec. and A sst. T reas. . G e o .
.
J* • c w
H illa rd ; 5th
In c ., $69 8,41 2; In t., ren ts, A c ., $68 1,63 5: b a l., d c f - . 84,94
8
R e c e iv e r , P res, an d G en . M g r., J . N . F a lth o rn , C h ica g o ,^ R L , S e c . and
A sst. T r e a s ., W . T . W lsn er 2 d , 28 N assau S t .. N . Y .
D ire cto rs, O c t . 1908,
V . 8 6 , p . 479; V . 87, p . 1 01 0.— (V . 8 9 , p . 99 2 , 1 06 6, 106 8.)

ow n ed and 70 m iles leased.
V . 69, p. 11 4 fruuemrn
Paul
H I S T O R Y .— T h is w as a co n so lid a tio n July l8 8 0 o f the C h icago S t. I aul
A M in neapolis, the N orth W iscon sin and the S t. P aul A S io u x L ity .
In N ov em b er 1883 C h icago A N orth W estern R y . pu rch ased c o n tr o l,
v iz .. $9,3 2 0 ,0 0 0 c o m m o n and $ 5 ,380,000 p referred.
S T O C K .— A u th oriz ed c o m m o n , $21 ,4 0 3 ,2 9 3 ; preferred, $ 1 2 ,6 4 6 ,8 3 3 .
H eld b y th e c o m p a n y Ju n e 30 1909, c o m m o n s to c k and s crip , $ -,8 4 4 ,2 0 7 ,
preferred s to c k and s crip , $ 1 ,3 8 6 ,9 2 1 .
Preferred s to c k has a p rio r rig h t
t o n o n -c u m . d iv id en d o f 7 % . b u t c o m . Is n ever to receive m ore than p re f.
D I V S .— 1 ’ 9 3 -’ 90. ’ 97. ’ 9 8 .. 99. ’ 00 . ’ 01. ’ 02. ’ 03. ’ 04. ’ 05- 0 8 .
1909.
C om . . . % ) N on e.
2
2 3^
5
5 8
6
6 7 y ’ly.
7
------------------------p ref ___— J-------------------- 7 p er an n u m (3 Y F . A A . ) ------------—
B O N D S .— T h ere are $ 1 ,5 0 0 ,0 0 0 S u p erior S h o rt L in e R y . b o n d s w h ich
are o w n e d . C h ica go S t. P aul A M in neapolis first 6 s, d u e 1918, an d N orth
W iscon sin first 6s, d u e 1930, are e x ch a n g e a b le at o p t io n o f h o ld e r a t a n y
tim e $ fo r $. fo r c o n s o l. 6s o f 1880, d u e 1930. V . 6 8 . P . 5 2 1 ; V . 7 7 , p . 2 8 8 9 .
1 1 e A r N IN O S .— 2 m o s .,( 1 9 0 9 - .............G ross. $ 2 , 3 4 3 ,994 ; n e t, $726,843
J u ly 1 t o A u g. 3 1 .
119 0 8 .......... - .G r o s s .
2 ,0 9 7 ,0 6 8 ; n e t,
682 ,145
R E P O R T — Y e a r e n d s Ju n e 3 0 . R e p o r t fo r 1908-09, V . 8 9 , p . 775 .
n c r w i*
1908-09.
1907-08.
I n c . o r D ec .
+ $684,281
T o t a l op era tin g revenue> - ......................
+ 367 ,987
O p er. ex p en ses a n d t a x e s ----------------9 ,4 7 4 ,1 0 8
0,1 0 6 ,1 2 1
+ $310,294
N et op era tin g In com e ----------------------- $ 4 ,050,512
$3,7 3 4 ,2 4 8
+ $222,842
$3,9 5 0 ,7 6 4
T o t a l net In co m e .....................................f i S ’ SSS
+ $23,726
$1,5 7 9 ,0 1 7
In terest o n b o n d s .......................................... , l ’ 2nS’ i a 2
+ 4 1 ,9 3 0
206 ,603
Rentals and miscellaneous- - - - - - - - 308,.>93
1,298,934
D iv id e n d o n c o m m o n s to c k ( 7 % ) - - 1,298,934
787 ,976
D iv id e n d o n p referred s to c k ( 7 % ) —
787,970

Net surplus for y ea r .........................
$175,330
$18,144
+ $ 1 5 7 ,1 8 6
- ( V . 86 f p . 668 . 7 9 4 , 1529; V . 8 7 , p . 285, 8 6 9 ; V . 89, p . 102, 775 .)




CHICAGO & WESTERN INDIANA R R .— O w ns a v a lu a b le term inal
system o f roads a lfo rd ln g en tra n ce Into C h ica go t o the road s n am ed b e lo w .
Its lines e x te n d fro m D earborn S ta tio n . P olk S t ., C h ica g o , to _D o lto n , 17 m .,
also t o Indian a S tate Bne, 10 m ., t o C ragln, 16 m ., and t o S o u th C h ica g o, 5
m .- to ta l, 48 m .; total tr a c k , In clu din g 2d , 3 d , 4th tracks and s ld m g s , 260
m • also ow ns o v e r 1,200 acres o f real e s ta te , passenger and fre ig h t y a r d s .
e leva tors A c
T h e B elt R y . o f C h ica go leases an d o p e r a te s
U 6 m iles o f the 300 m iles o w n e d b y th e Ch. * W . L , Its securities b e in g all
held b y the co m p a n ie s leasing the C h icago A W . I ., see V . 60, p . 1058.
P ro p o s e d p assenger s ta tio n , V . 89, p . 162.
L E A S E S .— T h is c o m p a n y ’ s road and term inals are leased u n d er perrants to the W a b a sh , the G rand T ru n k W e s t ., th e C h ica g o A
Eastern °U lno?s the C h icago A Erie and the C h ica go In d ia n a p o lis A L ou is^ l c each o f w h ich five co m p an ies ow n s $1 000 ,0 0 0 s to c k
T h e y are also
leased to th e A tch is o n , the Elgin Jo lie t A Eastern an d B elt R y . A n n u a l
rental m ust alw a ys e x ce e d at least 2 0 % ln t. o n b o n d s o u ts t. V . 7 8 , p . 81 9 .
D IV ID E N D S —
\’ 95.
P e ? c e n t - - - - - - - ........................... J7 *

’ 06.
6

’ 97.
6

’ 08.
6

’ 99.
6

’ 00 t o S e p t ’ 09.
6 ye a rly.

B O N D S __ T h e general m o rtg a g e b o n d s are d ra w n a t 105 an d Interest In
such annual am ou n ts as w ill retire th e d e b t b y m a tu rity .
Of the c o n s o l. 4s o f 1902 (a u th . Issue $ 5 0 ,0 0 0 ,0 0 0 ), $2 6 ,3 8 2 ,0 0 0 has been
so ld on a c c o u n t o f track ele va tio n and o th er lm p r ’ ts, $ 6 ,2 8 7 ,0 0 0 a d d ition a l
w ere used to refu n d b o n d s ca n ce le d b y o p e ra tio n o f the sin k in g fu n d . $ 8 .­
081 667 are reserved to retire u n d e rly in g b o n d s an d $ 9 ,249,000 fo r futu re
a d d itio n s equa l to at least th e p a r v a lu e o f th e b o n d s Issued. T h e R e“ o f
$26 382,000 in clu d es $1 2 ,2 7 1 ,0 0 0 so ld In D e c. 1908, p a r t o f w h ich w as
used t o retire th e $ 8 ,0 0 0 ,0 0 0 colla tera l tru st n o te s called fo r p a y m e n t
F e b . 1 1909. V . 87, p . 3 6 , 1604, 1663: V . 8 8 , p . 100 , 374.
A N N U A L R E P O R T .— F iscal y e a r en ds D e c . 31.
R e p o rt fo r 1®08 w as In
V . 88, p . 1614. sh o w in g gross In co m e , $ 2 ,3 1 0 ,3 8 9 : ln t .,
d lv s ., $30 0,00 0; b a l,, $23 ,7 5 5 .
P re s., W m . J . H e n le y .— ( V . 89, p . o9 2 .)

R A IL R O A D S
F o r exp la n a tion of colu m n headings, & c ., see notes
on fir s t page o f tables

M iles
of
R oad

C h i c T e r m T r a n s R R - ( C o n c lu d e d )
C h ic 1 'e rT r 1st M $ 1 5 .l4 u ,m m paid b y B & O O ct ’07
91
C h i c a g o & W e s t e r n I n d ia n a — S to c k (see te x t)
G eneral m ortg a g e g old sink fu n d s u b j to call l o s 'c *
"48
C ons M $5 0 ,0 0 0 ,0 0 0 g ______________________ IC .c * & r
C h i c a g o & W e s t M ic h ig a n — See Pere M arqu ette R R
C h i c a g o W i s c o n s in & M in n e s o t a — See W iscon sin Cent
C h i h u a h u a & Pa ci fi c — First M gold
Ma
180
C h o c t a w & M e m p h is — See Chic R o c k Island & P a c R y
C h o c t a w O k la & Qul f R R — See C h ic R o c k 1 & P a c R y
C m c i n n a t ! B lu fft on & C h i c a g o — 1st M $ 1 .500 000 g c*
52
C in c in n a t i D a y t o n & Iro nt on — See C lncln H am & D ay
C m c m n a t ; Find & Ft W — 1st M g gu ar end r e d . . N c*
91
C in c in n a t i H am il t on & D a y t o n — C o m m o n s to c k
P referred s t o c k _________________________
S econ d (n ow first) m o r tg a g e g o ld ” ” ” ” ! ”
e*
59
G eneral m ortg a g e $ 7 ,8 0 0 ,0 0 0 g o ld _____ ____ Me c*
59
C incinnati D a y to n & C h icago llrst m o r tg a g e ________
95
Cln D a y & Iron ton 1st M g gu ar (a s s u m e d )___C e .c*
167
R e fu n d in g m tg e . $14 280,000 g o ld _______ U sm c*& r
F irst & r e f M $ 7 5 ,0 0 0 ,0 0 0 a u th o riz e d , p a r t gu a r 15a
All
G eneral m ortg a ge $ 2 0 ,0 0 0 ,0 0 0 r e d e e m a b le t e x t .. C e
All
C oll tr p u r m n otes $11,557,000 g g u p & i re d p a r C e .x c
Car tru sts gold $54 ,000 d u e s-a begin O ct ’ 0 6 . .C e .c
Car trusts $02,000 d u e s e m i-a n n u a lly ________________
D a y t o n & M ichigan first m o r tg a g e gu a r p & 1 c n d . . c
142
C in c in & Ind W e s t e r n — See C h icago C lncln & L ou lsv
C in c in Ind & W e s t — Ind D e c & /n o t g u a r a n t e e d .- C e j, 262
W 1st M gold red at t l O . - l g u a r p & 1 ( e n d ) . , c
C l & W 1st & ref M $ 8 ,2 0 0 ,0 0 0 g gu p & 1 end T a
381
C jn c jn n a t j I n ter -T erm in al R R — 1st p re f stk (see te x t) T e x t
C i n c in n a t i L e ba no n & No rth er n — First m o r tg a g e ___ c
38
1st c o n M $1,500 000 g gu p & 1 end (V 75 p 1308) .c *
52
C in & M u s k Va l— 1st M $2 0 0 0 .0 0 0 g gu p & |end I '.c *
148
Ci n N e w O r l & T e x a s P a c — Com s to c k $3,0 0 0 ,0 0 0 ____
P referred s t o c k 5 % cu m u la tiv e $ 3 ,0 0 0 ,0 0 0 ..................
Notes
N o te s , d u e $150,000 s e m i-a n n u a lly .

D a te
of
B onds
1897
1882
1902

S iz e , or
Par
V a lu e

R ate
%

l,0 0 0 & c

See t e x t
$5,000,000
7 ,9 0 3 ,6 6 7
3 2 .6 6 9 ,0 0 0

4 g
6
6 g
4 g

J
& J
Q — M 31
Q— M
J
&
J

$91,009
100
1 ,000

W hen
P a ya b le

W here P a y a b le, and by
W hom

B on ds— P r i n c i ­
pal, W hen D u s
S tocks— Last
D ivid en d

See t e x t
See t e x t
C h icago
S ept 30 1909 1 H
J P M organ * Co N Y D ec 1 1932
111 T r & S B k . C ld c; & N Y J u ly 1 1952

1,000

2 .360,000

5 g

J

&

J O ffice 80 B r o a d w a y , N Y Jan

1903

1,000

A s co lla t.

5 g

M

&

S S ep t '08 c o u p o n n o t paid Sept 1 1933

1903

1,000
ion

1887
1892
1892
1891
1904
1909
1909
1908
1905
1904
1881

1 000
1,000
1,000
1,000
1.000 &c

1895
1895
1902

1,000
1,000
1,000
100
1.000
1.000
1.000
100
100

1886
1902
1898
190 6
1907

100

1,000
1 ,0 0 0

1 .000
1 000

C H I H U A H U A & P A C IF IC R R .— C h ihu ahua, M e x ., t o M ln aca, 125 m iles
El C a rp lo J e t. t o T c m o s a c h lc , M c x ., 55 m iles. See K an sas C ity M e x ico &
sta tem en t and V . 71, p . 181. S to c k Is $ 2 ,8 6 0 ,0 0 0 ; p ar o f shares,
$10 0.
B o n d s , see table a b o v e .
In M ch . 1909 th e M e x ico N orth w estern
R y . a cq u ire d th e s t o c k a n d b o n d s.
V . 8 8 , p . 7 4 8 .— ( V . 8 8 , p . 748 .)
C IN C IN N A T I B L U F F T O N & C H IC A G O R R — R o a d Is p r o je cte d
fro m H u n tin gton to U nion C ity , I n d ., 75 m ., o f w h ich B luH ton to H u n tin g ­
to n , 52 m iles, co m p le te d . V . 8 4 , p . 1182.
O n M arch 14 1908 Joh n O
C u rtis w as a p p o in te d receiv e r.
V . 86, p . 720 . T h e S e p t. 1908 co u p o n w as
n o t p aid w h en d u e. R e c e iv e r ’s ce rts. M a y 1909, $12 5,72 2 6s, due In 4 m o s.
t o 2 years tim e.
V . 8 8 , p . 1313.
B o n d h o ld e rs ’ c o m m itte e , V . 87. p . 873."
S t o c k , *$1,125,000 , all o f o n e class. IssuaDle $15 ,0 0 0 p er m ile; p a r o f
s b .V 'S s I no each
B on d s, see table a b o v e .
V. 84. n 449 509 . F o r vear
e n d in g Ju n e 30 1909, gross, $ 83 ,883 ; n e t, $ 21 ,123 ; in t. an d ta x e s , $51 ,315 ;
b a l., fie f., $ 30 ,192 .
P r e s ., S. H . B r a c e y ; S e c ., Charles B la ck b u rn ; T r e a s .,
W m . G e o rg e . O ffic e , 1606 T rib u n e B ld g ., C h icago, 111.— (V . 8 8 , p . 1313.)
C IN C IN N A T I F I N D L A Y & F O R T W A Y N E R Y . — O w ns F in d la y , O ., t o
F t. W a y n e , I n d ., 80 m ; also c o n n e c tin g link w ith th e C ln. f la m . & D . fto m
D elp h os t o M an da le, 12 m ., c o m p le t e d O ct 15 1904.
V . 7 7 . p . 8 8 , 694.
L eased to Cln. H am . & D . fo r 99 years from N o v . 1 1903, w ith privile ge o f
renew al for like periods fore v e r.
V . 7 8 , p 286
S t o c k , $ 1 ,2 5 0 ,0 0 0 , all
ow n ed b y th e Cln H a m . & D .. w h ich gu aran tees b o n d s, prln . an d In terest.
M tge. Is lim ite d b y special ag re e m e n t to $ 1 ,1 5 0 ,0 0 0 , o r a b o u t $12 500 per
m ile.
B on d s arc s u b je c t t o call at 102 '4 and Interest,
V . 7 8 , p. 286 , 342
701 . F o r m o f g u a ra n ty , V . 78, p. 70 1 .— (V . 8 9 , p. 469.)
C IN . G E O R G E T O W N & P O R T S .R R .— See “ E le c t r ic R a ilw a y S e c t io n .”
C IN C IN N A 1 I H A M IL T O N & D A Y T O N R Y — T h e system Includes;
Road ow ned—
M ileP . ~ p rieta ry roads—
s ro
'
M ile s .
C incinnati t o D a y t o n , O ____________ 50 incinnati In d . & W e s te rn ____ *361
C
D a y to n to Ir o n to n , O _____________ 167 incinnati & D a y t o n . . ________
C
13
D a y to n t o D elp h os, O ........................
95 olu m bu s F in d la y * N o r t h e r n ..
C
18
T r a c k a g e ____________________________
62 o w lin g G reen R R ______________
B
19
Roads leased — (* S eeth ls C o.)
P lq u a & T r o y B r a n ch ___________
8
D a y to n * M ich ig a n ________________ *142
C ln cln . F ind. & F t. W a y n e ___ * 9 1 1
H om e A v e . R R _____ ______ _____
3
__ ___
----------I T o ta l o f a ll_____________
1 038
O w ns $11 000 ,0 0 0 Pere M arqu ette R R s t o c k : also ow n s D a y to n * U nion
Jointly w ith C lev. C in. C h ic. & St. L . an d Jointly w ith Sou th ern R y c o n tr o ls
Cln. N ew O il & T e x . P a c R y . V . 7 5 , p. 978.
O R G A N I Z A T I O N .— T h e c o m p a n y re s u m e d possession o n A u g . 19 1909
th e fin a n ces h a vin g b een r e a d ju s te d w ith o u t foreelsou re per Rian o f .Tunc
1909 (V . 8 8 , p . 1436, 1498).
U n d e r the plan the m a n agem en t o f the s ystem
w as ta k en o v e r b y th e B . & O . R R ., an d the o w n ersh ip o f the co n tro llin g
s to c k Is to b e a c q u ir e d b y th a t c o m p a n y a t th e end o f 7 years fro m J u ly 1
1909 a t a p rice then to b e fix e d b y a rb itra to rs; du rin g the 7 yearn said
c o n tr o llin g s t o c k is to be v e s te d in three v o tin g trustees, on e to be P resid en t
fo r tim e b e in g o f B. & O.
S T O C K .— T h e plan c o n te m p la te d the re tire m e n t o f the $7,7 5 1 ,4 2 5 pref
s t o c k (ou t o f $8,0 0 0 ,0 0 0 total) d e p o s ite d u n d er the 4 % n otes o f 1905.)
. B O N D S - & °.— T h e holders o f 4 M % n otes ($ 1 5 ,000,000 re ce iv e fo r each
$ 1 ,0 0 0 n o te and Its co u p o n s $60 in cash and $1,000 o f new gen. m tge. b on d s
(to ta l Issue 5 2 0 .0 0 0 ,0 0 0 ), to draw Interest as fo llo w s: 4 ) 4 % de p e n d e n t u pon
In com e u n til J u ly 1 1911; 1 % fixe d a n d 3 ) 4 % d e p e n d e n t u p on in com e until
J u ly 1 1914; 3 % fixed an d 1 ) 4 % d e p e n d e n t u p o n Incom e until J u ly 1 1916th erea fter 4 )4 % fixed;
J
’
1. F irst and R efund ing M ortgage dated J u ly 1 1909, A u th . Issu e, $75 000 000
T h is m ortg a g e Is t o c o v e r all the lines o f ra ilw a y o f the c o m p a n y , all its
ea seh old rig h ts, all s tock s o f su b sid ia ry co m p a n ie s o w n in g o p e r a te d lines
an d all p r o p e r ty a cq u ired b y use o f said b on d s o r the pro ce e d s th e r e o f.
O f w h ich there are p resen tly t o be Issued $ 2 7 ,5 0 0 ,0 0 0 , v iz .(a) T o p a y o r a d ju s t in debtedn ess d u e an d a c c r u e d . .
$7,5 0 0 000
(ft) F or Im p rovem en ts now n e e d e d ..................... ..............
5,000 000
(c) F o r n ecessary w ork in g c a p ita l_____________________ __________ 2,000,’ 000
(d) F o r collateral to $11 ,5 5 7 ,0 0 0 4 % purch ase m o n e y n otes o f
1908
................................................................................................. 1 3 ,000,000
R es erv ed fo r futu re use, $ 4 7 ,5 0 0 ,0 0 0 , v iz .:
(e) F o r a d d itio n s . Im p rovem en ts an d b e tte r m e n ts ............... ......... $ 23 ,714 ,00 0
(/) F o r refu n d in g u n d erlyin g b o n d s _____________________________ 2 3 ,786,000
T h e b on d s specified a b o v e as (0) and (c) an d $ 5 ,5 0 0 ,0 0 0 o f those nam ed
as (a) are to be gu aran teed , prln . and in t., b y the B a ltim ore * O h io R R . Co.
U n der s u p p lem en ta l a g ree m e n t d a te d J u lv 1 1909 (V . 89, p. 469) $11,o o 7 ’ 000 4 % p urchase m o n e y n o te s d a te d 1908 and d u e J u ly 1 1913 (of
w h ich a sm all a m ou n t w h ich w as reserved to retire o u ts ta n d in g re fu n d 4s o f 1904 had In A u g . 1909 n o t been issu ed) are to be secu red b y p led ge
?> V " J 'O 0 ,0 0 0 new “ first & re fu n d in g ” 4s. T h ese n o te s are guar, b y the
B . «■ O . See fo rm , V . 8 9 , p . 918. T h e r e f. m tg e . b o n d s (d a te d 1904, fo r
w h ich th e p urchase m o n e y n o te s o f 1908 w ere e x ch a n g e d ) h a ve been o r
a re to b e c a n celed .
2. G eneral M ortgage (see above) — Total Issu e, $ 2 0 ,0 0 0 ,0 0 0 .
T h e fixed Interest on the general m o rtg a g e w ill be p a y a b le Jan . 1 and
J u ly 1, an d th e Interest dep e n d e n t on Incom e (n o n -cu m u la tlv e ) w ill he
p a y a b le N o v . 1 yearly. O f the generals, $1 5 ,0 0 0 ,0 0 0 are Issuable In e x ­
ch a n g e fo r th e 4 !4 % n otes, the rem ain ing $ 5 ,0 0 0 ,0 0 0 fo r floating d e b t, & c.
In con sid era tion o f the und ertak ings o f the B . & O ., the original bond s
t o be issued u nd er the gen . m tg e . are to b o s u b je c t to call o n a n y J u lv i
p rior to J u ly 1 1916, for ex ch a n g e for new 4 % b o n d s secu red b y th e gen.
m tg e . a n d gu ar, b y the B & O . as to p rln . and Int. T h e original b on d s are
also t o be s u b je c t to call for p a y m e n t at par and accru e d Int. and the 4 %
gu ar, b o n d s at 103 and a ccru ed Int. on a n v Jan . I o r J u ly l
D u rin g J u ly 1916 (or so o n e r. In case o f earlier a c q u is itio n b y B. & O .
o f th e co n tr o llin g s tock ) the B . & O . w ill, u p o n d e m a n d , unless said gen
m tg e. b o n d s shall h a ve been s o o n e r red eem ed , a t its o p tio n eith er (a) p a y
8 5 % in cash an d Interest for said b o n d s o r (b) Issue in ex ch a n g e th e re fo r a
new 4 % b o n d secu red b y said gen . m tg e . and gu ar. prln . and in t. b y the
B . & O .; the B . & O . to elect w h eth er to m ake such pu rch ase o r e x ch a n g e




I N T E R E S T OR D I V I D E N D S
A m oun t
O utstanding

1,150 ,000 „ 4 g
M & N N ew Y ork
8.000 .000 See t e x t
Text
C incinnati
248 ,575
2,000 ,00 0
4 Yi M J
&
J J P M o rga n
3.000 ,000
J
5 g
& I)
do
1,200 .000
4
A & O
do
3.500 ,000
V & N
I
5 g
do
See to xt
J
&
,1
4 g
14,500 ,000
4
J
&
,T
20,000 ,000 See te x t See t e x t
11,557 000
J
& J J P M o rg a n
4 g
7 02 ,000
4 )4 g A «& O
do
920 000
O R W ln th r o p
4 )4 g A *
2,728 000
5
&
J
J J P M organ
2,229
933
4 672
804
200
1,268
1,750
3.000
2.500
450
417

000
5 g
000
5 g
000
4 g
500
4
000
5
000
4 g
000
4 g
000 5 In 1908
000 5 In 1908
non
5
,000
6

J
.1
.1
F
J
M
F
J

&
J
&
J
*
J
& A
&
.1
& N
& A
& D
Q— M
A & O
J &
D

1 1955

N o v 1 1923
D ec 24 190 3 2 %
& Co N Y Jan 1 1937
do
June 1 1942
do
A p r 1 1942
do
M ay 1 1941
See t e x t
J u ly 1 1959
J u ly 1 1939
& Co N Y J u ly 1 1913
ito
\pr 1 1916
& Co N Y A p r MO-Oct ’ l l
& Co N Y Jan 1 1911

C en tral T ru s t Co N Y
<io
do
J P M organ & Co N Y
C incinnati
C entral T r & S D Co Cln
F a rm ers’ L & T r Co N Y
F a rm e rs’ L & T r Co N Y
Cincinnati
do
C in cin n ati. O h io
C in cin n a ti, O h io

Jen 1 1935
Ji n l 1935
J i n 1 1953
A u g 1 190 9 2 %
Jah 2 1916
N o v 1 1942
Vug 1 1948
,Iune23 1909 2 H
S ep t l 190 9 1 M
T o A pril l u l l
D ec 1 1910

G U A R A N T T E S —-G uarantees secu rities o f Cln. In d . & W e s t .. D a v to n &
M ich , an d C in. I-Ind. & F t. W a y n e ; a ls o $ 9 3 3,00 0 Iiu l. D e c . & W e s t . 5s.
A ls o g u a r a n te e d $ 9 ,2 0 7 ,0 0 0 P e re M a rq u e tte r e fu n d in g 4s, b u t s to c k h o ld e r s
or
s u b s e q u e n tly v o t e d to ca n c e l lea se a n d g u a r a n ty . V . 8 5 ,
p. o o o ; V. 87, p . 1355.
E A R N I N G S ,— 12 m o s .,1 190 8-0 9------ G ross, $7 ,8 9 7 ,0 4 7 ; n e t, $ 1 ,3 9 5 ,4 5 4
J u ly 1 to Ju n e 3 0 .
J1 9 0 7 -0 8 ------ G ross, 8 ,0 1 1 ,4 8 3 ; net, 1 ,066,035
R E P O R T .— R e p o rt for y e a r e n d in g June 30 1907 In V . 85,
Y ea r ending J u n e 3 0 —
190 7-0 8.
1906-07.
Miles o p e r a t e d _________________________
1,038
1,038
G ross e a rn in g s____________________
' $ 7 ,9 6 0 ,6 1 2
$ 9 ,0 4 8 ,8 5 8
N et I n c o m e ________________________
1 ,145,954
1 ,987,275
D edu ct Interest o n b o n d s ___________I
2 ,2 1 7 ,2 1 6
2 ,2 2 0 ,6 1 5
Interest o n bills p a y a b le ____________
602 ,595 ^
261 ,3 4 5
R e n ta ls ______________________
366 ,6 6 9

1003.
1 90 5-0 6.
1,038
$ 8 ,5 1 9 ,1 5 3
1 ,6 0 7 ,7 1 8
2 ,2 4 9 ,4 3 4
117,247
3 8 8 ,6 6 9

B a la n ce , d e fic it, fo r y e a r ......................... $ 1 ,6 7 3 ,9 0 2

$ 1 , 1 4 7 ,6 3 1

$ 8 6 1,35 4

O F M C E R S .- C h a i r m a n o f B o a rd , O scar G . M u rra y; P r e s id e n t, W illia m
C a rter V Ice " I r e s -’ J - L - C ram er; S e c ., T h o m a s J. W a lsh ; T r e a s ., F . M .
D ir e c to rs — O sca r G . M u rra y , L . F. L o r e e , G eo. F . R a n d o lp h , S a m u el
R e a , C e o . M . S h r iv c r , W illia m C o tte r , G eo. W . P e r k in s , Charles S t e e le ,
r ie c lc iic k W . S te v e n s , G e o rg e F . B a k e r, G e o . W . Y o u n g an d N o rm a n B .
R e a m .— (V . 8 9 , p . 102, 224 , 348 , 41 0 , 46 9 , 918 , 1068.)
C I N C I N N A T I I N D I A N A P O L I S & W E S T E R N R R — H a m ilto n , O .. t o
S p rln g lle ld ’ 111., 284 m iles; S ld ell, 111., t o W est L ib e r ty , 77 m iles; t r a c k a g e .
W est L ib e r ty t o O ln e y , 8 m ile s.
A c o n s o lid a tio n S e p t. 1902. V . 7 5 . d
2 3 9 ,2 8 9 ,4 9 7 ,7 3 2
S to c k a u th o r iz e d , $ 8 ,2 0 0 , 000 ; Issued, $ 7 ,1 1 5 ,800 ; all
ow n e d b y C. H . & D ., w hich rece iv e d d iv id e n d s th ereon In 1902-03, $ 1 2 6 ,7 9 8 :
In 1903-04, $ 16 7,32 2; In 1 90 4-0 5, $ 1 5 6 ,0 9 5 .
•
B O N D S .— T h e “ first an d re fu n d in g ” 4s o f 1902 ($ 3 ,2 0 0 ,0 0 0 a u th o r iz e d
Issue) arc gu aran teed , p rin cip a l and Interest, b y C. H & D . b y e n d o rse­
m en t. V . 7 o , p . 1201, 1335; V . 77, p . 1290.
G u a ra n ty , V . 78, p . 201 1.
The I. D . & W . bond s are red eem a b le b y lot at 110 at a n y tim e o n eigh t
w eeks n o tice : $933,000 are g u aran teed b y Cln. H a m . * D a y to n .
Car
trusts June 1908, $88 ,000 4 % e q u ip m e n t n o te s, due s e m i-a n n u a lly to N o v . 1
1911 in c lu s iv e : In te re st M & N .— (V . 88, p . 451; V . 89, p . 469.)
C I N C I N N A T I I N T E R - T E R M I N A L R R .— O w ns a road 6 m iles In len gth
c o n n e c tin g the Chesapeake & O hio bridge and the Cln. H am . * D a y to n
term in als.
C on trolled b y Chesapeake & O hio R y .
C o m m o n s t o c k , $10 ,000
In $100 shares. Issued fo r p u rp ose o f c o n t r o l. T h ere Is a u th orized $ 1 ,0 0 0 ,p referred 4 % cu m u la tiv e s to c k secured by m oitga ire t o th e
U nion S avin gs B ank & T ru st C o. o f C in cin n ati, as tru ste e , and rentals p aid
hy Chesapeake * O h io an d L o u isv ille & N a sh ville, and s u b je c t to call on
a n v Interest d a y a fte r F eb . 1 1915 at 105.
V 71), p. 212 ; V . 80 p. 1728,
2398, 2620.
R e n ta ls re ce iv e d to y e a r en d in g Ju n e 30 1909, $32,436; d lv s .l
$31 ,804 ; b a l., s u r ., $632.
P r e s ., G e o . W . S te v e n s .— (V . 80, p. 2620.)
C IN C IN N A T I L E B A N O N & N O R T H E R N R Y . — O w ns C in cin n ati, O ., t o
D o d d s , 38 m iles, In clu d in g 6 m iles from L e b a n o n to D o d d s, leased t o th e
D a yto n L eb . & Cln. R R .; M id dletow n Jun e, to M id d le to w n , O ., 14 m iles
(fo rm e r M id. & Cln. R R ., taken o v e r Jan . 1 1903); to t a l, 52 m iles.
S to ck
a u th orized $ 1 ,5 0 0 ,0 0 0 ; o u ts ta n d in g $ 1 , 10 0 ,0 0 0 , m o s t ly o w n e d b y P en n.
Co.
V . 75, p. 980.
D ivid en d o f 3 % p aid In 1906.
O f the $ 1 ,500.000 first
co n s o lid a te d 4s o f 1902, gu aran teed prin cip a l and Interest b y the P e n n s y l­
v a n ia C om p a n y. $200,001) are reserved to retire the 5s due 1916.
V. 77,
p . 8 6 . Cal. ye a r 1908, gross, $ 30 5,07 9: n e t, $46 ,3 9 0 ; o t h . In c,, $37 ,4 7 7 ;
ch arges, $ 73 ,449 ; s u r ., $ 1 0 ,4 1 8 .— (V . 77, p. 86.)
C I N C I N N A T I & M U S K I N G U M V A L L E Y R R . — (See M a p s of P e n n sy l­
vania R R .) — O w ns M orrow , ( ) . , to T r ln w a y , O ., 148 m iles; h alf Interest
Z an esv ille T e rm in a l R R ., 5 m iles.
V . 77, p. 86.
O f the b o n d s, $25 0,00 0 are reserved fo r futu re needs; sin k in g fu n d retires
y e a rly 1 % o f those o u ts ta n d in g , If offered at p ar o r less. T h e P e n n ­
sylva n ia C om p a n y guaran tees the b o n d s , p rin cip a l and Interest. S ee
form o f g u a ra n ty , V. 76, p. 653.
S to c k , $ 2 ,0 0 0 ,0 0 0 , all o w n ed Jau . I 1909
b v t h e Pitts. Cln. C h ic. & St. L. R y .
D iv id e n d s: 1900, 6 % ; 190 i to 1906,
In ch , 2 % y r ly .; 1907 and 1908, 4 % .
P en n . R R ow n s $ 1 .3 1 8 ,0 0 0 o f the $ 1 ,­
750 ,000 b d s . Car trusts, $67,200 3 H s , p a y a b le $22 ,4 0 0 y r ly . to Ju n e 1 91 2.
Yr end. D ec. : ) l —
C ross
N et Inc.
interest.
D ividends. B a lan ce
$70 ,000
(4 % )$ 8 0 ,0 0 0
$ 5 5 ,7 1 9
1 9 0 8 .......... .................. $ 7 8 3,88 8 $20 5,71 9
1907
..................... 933 ,813 232,703
70,0 0 0 ( 4 % )8 0 ,0 0 0
82^03
P a ym en ts In a d d itio n to a b o v e In 1908 w ere $10,346 fo r a d d itio n s Im ­
p r o v e m e n ts , & c. (against $20,894 in 1907), and $19 ,55 i fo r prln. a n d int
o f ca r trusts an d hire o f e q u ip m e n t, & c.— (V . 82, p . 1494.)
CIN CIN N A TI NEW O R L E A N S & T E X A S P A C IF IC R Y . - ( S e e M ap of
Southern R y .) — O perates C incinnati S ou th ern R y ., o w n e d hy c it y o f C in ­
cin nati , C incinnati t o C h a tta n o o g a . T e n n ., 336 m lies; t r a c k a g e , 2 m lie s .
In
Jan. 1903 th e entire s to c k o f the H a n im a n & N orth ea stern R y ., 20 m ile s ,
was a cq u ire d , hut road Is o p e ra te d s e p a ra te ly .
V. 77, p. 1743.
In 19 M lease w as e x te n d e d 60 years to O et 12 1966; rental u n til O c t . 12
1906 was m od ified beginning J u ly 12 1902 to $ 1 ,0 5 0 ,0 0 0 y e a r ly , the r e m a in ­
ing $50,000 per q u a rte r t o be deferred as It a ccru es an d to be p a id q u a r t e r ly
at rate o f $40,000 y e a r ly , w ith Interest on deferred p a y m e n ts at 3 % ; r e n ta l
u n d er renewal to he $ 1 ,050,000 ye a rly for llrst 20 years, then $ 1 ,1 0 0 ,0 0 0 fo r
20 years; thereafter $ 1 ,2 0 0 ,0 0 0 .
V . 73. p . 722; V . 74, p. 1251.
P r e f. s t o c k .
5 % c u m ., has p rio r rights o n d isso lu tio n , b u t no v o t in g p o w e r. V . 7 4 , p .
528. 820.
D I V I D E N D .— On p r e f., 1 H % , p a id qu a rte rly S e p t. 1 1902 t o S e p t. 1909,
both In clu sive. On c o m m o n , 2 % , paid D ec. 1 1903 o u t o f a c c u m u la te d
earnings to Jun e 1903; S e n t. 1 1904, 2 % : Jun e 1905, 3 % ; D e o ., 2 % :
June 1906, 3 % ; D e c., 2 H % ; 1907 an d 1908, 5 % (J & D ); 1900, Ju n o, 2 U
On A pril l 1906 $ 1 ,5 0 0 ,0 0 0 5 % n otes w e re Issued to pay fo r Im p ro ve m e n ts,
pa y a b le $150,000 sem l-a n n u a llv to A pril 1911, Inclu sive. V . 83, p . 1225.
In N o v . 1907 $50 0,00 0 3 -y e a r 6 % n otes w ere s o ld .
V . 85, p . 1338.

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F o r exp la n a tion of colu m n headings, & c.
on fir s t page o f tables.

I N T E R E S T OR D I V I D E N D S
see notes

M ile s
of
R oad

D a te
of
B onds

Cln N ew Orl & T e x a s P a c (C oncluded) —
1904
.Equip tru sts d u e a b t $85 000 s-a (V 7S p 1 3 9 1 )____
1906
do
Ser B d u e $97 ,000 sem l-ann (V 82 p 928)
1907
do
----------------------------------------------------------------------1901
C in cin n a ti N orthern— 1st M $3,0 0 0 ,0 0 0 g o l d - - G c * & r
C in cin n a ti R ich m o n d & Ft W — 1st M gold Int e u a r .e *
86 1871
C le a rf'd & M a h o n in g — S t k 6 % r e n t to b e $ 1 ,0 0 0 ,0 0 0 a u th
'2 6 1893
F irst m o r tg a g e gold g u aran teed B R & P _ . G^c* < cr
S
C levelan d A k ron & C o lu m b u s — S to c k $ 4 ,0 0 0 .0 0 0 ____
G eneral m o r tg a g e (n ow llrst) g o l d ____________________
177 1887
F irst c o n s o l m tg c $4,0 0 0 ,0 0 0 (gu a ra n te e d p & 1 e n d 188| 1900
1900
gold sin kin g f u n d - ............... ( n o t g u a ra n te e d _____
C levela n d C incinnati C h ica g o & St L ou is— C om s to ck
P referred s to c k 5 % n o n -c u m u la tlv e _________________
175 1880
C I St L & C c o n M d ra w n at 105 sink fund 1 % ___c*
1886
G en 1st M $10 ,0 0 0 ,0 0 0 g s f n o t d r a w n ____ Ce c& r
391 1874
C leve Col Cln & Ind co n s o l m o rtg a g e (see t e x t ) ------301 1884
G en c o n s m o r tg a g e ($ 1 2 ,0 0 0 ,0 0 0 ) g o l d . - U s .c* & r
72 1869
In d ia n & St L 1st M In 3 series o f $ 6 6 7 ,0 0 0 ___ U s.c
72 1882
2d M ($ 2 ,0 0 0 ,0 0 0 ) gold In d la n a p t o T e rre H -----c*
62 1890
C lev Cln Chic & St L W h ite W a t Val D lv 1st g -C e .c *
45 1890
S pr & Col D lv (Col Sp & Cln) 1st M g o l d --------- Ce e*
267 1890
Cairo D iv ision 1st M $5,0 0 0 ,0 0 0 g o l d -----------C e .c*
104 1890
St L ou is D lv c o ll tr g old ($351,000 In s f)--C e.c«Scr
20 3 1891
Clncln W a b & M ich D lv first m tg e g o l d ____ U s c *
Gen M 100 years for $50 .000 oon gold
. M ex .c* & r 1,021 1893
N ew b o n d s, $ 2 0 ,0 0 0 ,0 0 0 to b e a u th o r iz e d _________
N o te s $5,0 0 0 ,0 0 0 g o l d .......... ..................... ...................c& r
1907
O bligations fo r P rop rieta ry L in es
C incinnati S a n d u sk y & C levela n d — P referred s t o c k .
170 1888
C on sol (n ow first) m tg e $3,0 0 0 ,0 0 0 g o l d ___A B .e
125 1903
Cen tral In dian a first m tg e $ 4 ,0 0 0 ,0 0 0 g o ld g u a r .-C e
45 1903
Ch I & St L S L 1st M $ 3 ,0 0 0 ,0 0 0 gold g u - - C e .c * & i
L ou isv ille & J efferson ville B ridge 1st M — S e e th a tC o
C levela n d C olu m b u s C in cin n ati & In d ia n a p o lis— C leve la nd 1 ndiana
102 1893
C leve Lorain & W h e e l— Con m tge (n ow 1st) g - U s m .c *
192 1896
G eneral m o r tg a g e $ t ,000 000 g o ld redeem at 1 0 5 -- N
192 1900
C on sol ref m tg e $10,000 .000 g o ld red at 102
.T a .e *

S iz e , or
Par
A m oun t
Value O utstanding
$1,000
1,000

4
4H g
5
4
7 Z
6
5 g
4 In 1909
5 g
4 g
4 g
See t e x t .
5 In 1909
6
4 g
7 or 6 g
6 S
7
6 g
4 g
4 g
4 g
4 g
4 g
4 g

W here P a y a b le, and by
W hom

M & S Blair & Co N ew Y o r k
Al & N E q u ita b le T ru st Co N Y
V a riou s N ew Y o r k
&
.1 G u a ra n ty T ru st Co N Y
J
& D W in s lo w , L a n ier& C o N Y
J
&
J
.1 C hecks m ailed
&
J
J 36 W all S treet N ew Y o rk
\1 & S C h ecks m ailed
M & S W in s lo w ,L a n ie r & Co N Y
do
do
F & A
do
F & A
do
M & S J P M organ & Co N Y
do
do
< — .1
v
M & N
do
do
do
do
Q — I*
& D
J
do
do
&
do
J
do
J
V a riou s
do
do
M & N
do
do
&
do
do
J
.1
M & S
do
do
&
do
do
J
J
M & N
do
do
&
do
do
J
J
do
& D
do
J

1,000
1,000
50
1.000
100
500 &c
1,000
1,000
100
100
1,000
1,000 &c
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000 &e
1,000
1,000

$ 2 5 5,00 0
1,261,000
418 ,600
1,090,000
1 ,800,000
750,000
650 ,000
4,0 0 0 ,0 0 0
1,800,000
1.023,000
640,000
47,0 5 6 ,3 0 0
10,000,000
635,000
7 ,323,000
4 ,138,000
3,205,000
2,0 0 0 ,0 0 0
500,000
650,000
1 .103,730
5 ,000,000
10,000,000
4,0 0 0 ,0 0 0
24.058.000

1,000 &c

5 ,000,000

5 g

J

&

D

50
1,000
1,000
1,000

428,997
2,571,000
1 ,500 .000
3,000,000

6
5 g
4 g
4 g

M
J
M
A

&
&
&
&

N
do
J
do
N Cen tral T ru st
O J P M organ &

po lls St L ou is & Chi c a g o — Se
1,000
5,000 .000
5 g
1,000
803,000
5 g
1 000
4 ,000,000
4H e

S T O C K .— C o m m o n , $ 3 ,0 0 0 ,0 0 0 , c o n tro lle d In Interest o f S ou th ern R y an d C incinnati H a m ilton & D a y to n R y .
V . 61, p. 26; V . 65, p . 1173.
S to c k h o ld e r s In M ay 1908 s u b s c r ib e d fo r $50 0 ,0 0 0 new p referred s to c k
at p ar. raising the a m ou n t o u ts ta n d in g to $ 2 .5 0 0 ,DO1
'
V. 86, n. 1099. 1409.
L A T E S T E A R N I N G S .— 1 1 9 0 8 - 0 9 .. . G ross, $ 7 ,8 2 6 ,0 8 2 ; n e t, $2,757,331
12 m o s ., J u ly 1 to Ju n e 30. J 190 7-0 8___ G ross, 7 ,8 9 2 ,0 5 0 ; n e t, 1,863,603
A N N U A L R E P O R T . — R e p o r t fo r y ear e n d in g Ju n e 30 1908 w as In V . 87>
t«. 129 6, s h o w in g , gross, $ 7 ,8 6 1 ,3 7 8 : n et, $ 1 ,7 3 5 ,9 7 7 ; o th e r In co m e , $ 3 0 2 ,­
9 9 7 ; ren ta ls, $ 1 ,2 3 3 ,9 2 5 ; Interest, $ 2 0 7 ,2 4 4 ; Im p r o v ., $ 34 0,00 0; d lv . on
p r e f. ( 5 % ) , $ 1 0 0 ,0 0 0 ; d lv . on c o m . ( 5 % ) , $ 15 0,00 0; b a l., s u r ., $17 ,510
I i 190 6 -0 7 , gross, $ 8 ,4 0 1 ,6 0 8 ; n e t, $ 1 ,6 0 3 ,0 5 1 .— ( V . 87, p . 1296.)
C I N C I N N A T I N O R T H E R N R R . — (S ee M a p Cleveland C in . C hicago & St.
L o u is .) — O w ns F ran k lin , O ., to J a c k s o n , M ich ., 208 m iles: tra ck a ge (C. C.
0 . & S t . L ) , F ra n k lin to C in cin n a ti, 38 m iles; at J a ck s o n , 1 m ile.
In 1909
Cl tv. C ln. C ldc. & S t. L. ow n e d secu rities co s tin g $ 1 ,0 9 4 ,8 9 2 .
V . 75, p
45 1 , 457.
S T O C K , $ 3 ,0 0 0 ,9 0 0 .
In year e n d in g D ec. 31 1908 gross
$98 0 ,9 2 5 : n e t. In c., $12 0,54 2; ch arges, $86 ,917 ; b a l., s u r ., $33 ,6 2 5 .
F or
8 m on th s e n d in g A u g . 31 1909, gross. $73 1 ,7 9 8 , a ga in st $588,411 In 1908;
n et, $ 1 4 8 ,5 1 6 , a ga in st $ 1 1 6 ,6 1 5 .
P re s., W . C. B r o w n .— (V . 8 1 , p . 1314.)
C I N C I N N A T I R I C H M O N D & F O R T W A Y N E R R . — O w ns fro m R ich
m o n d , I n d ., to A d a m s , I n d ., 86 m .; leases 5 m . o f P. F t . W . & C.
N ow op"
erated (A p r . 1909) b y G rand R a p id s & In d ia n a R y . R e n ta l, net earningsIn t. Is gu aran teed b y the P en n sy lv a n ia C o. and P itts. C ln. C h ic. & S t. L. CoJolntlv (th e P . C. C. & S t. L . taklm r the nlace o f the Cln. H am . & D a v to n
In 188 8 ). S to c k , $ 2 ,1 8 6 ,6 0 0 (p ar $50,) o f w h ich P en n . C o. o w n e d $ 1 ,2 5 7 ,­
900 .
D u e g u aran tors J u ly 1 1909, $1 ,6 4 3 ,2 7 4 .
Y e a r end. D e c . 3 1 .
G ross.
N et.
Interest, & c.
B a lan ce.
1908 ..................................... $61 3,70 3
$114,999
$163,938
d e f .$48,939
1907 ...................................... 657 ,913
75,1 4 7
157 ,000
d e f. 81,853
C L E A R L A K E N O R T H E R N R Y .— V . 8 8 , p . 1001.
C L E A R F I E L D & M A H O N IN G R Y .— (See M a p B u t. Roch. A P itts.) —
O w ns r o a d , co m p le te d In 1893, from D u B ols J e t ., P a ., on B u f. R . & P ., to
Clearfield on B eech Creek R R . , 26 m iles.
L eased d u rin g co r p o r a te existe n ce
and renew als th ereof to B u ffalo R o c h e s te r & P itts b u r g h — w h ich see— at a
rental p a y a b le In gold and equa l t o 6 % on $750,000 s t o c k , par $50. and s %
on b o n d s, the la tte r b e in g g u a r ., p . & I., b y e n d o rse m e n t.
In N o v . 1909
th e a u th o r iz e d s to c k w ill b e in cre a se d fro m $750,000 to $1 ,0 0 0 ,0 0 0 . V .
8 9 , p . 47 0 .— (V . 8 9 . p . 470.)
C L E V E L A N D A K R O N & C O L U M B U S R Y .— (.See M a p s o f P en n sylva n ia
R R . ) — O w ns from H u d s o n , O ., to C o lu m b u s, O ., 144 m iles; D resden b r a n c h .
K llb u ck t o T r ln w a y , 33 m .; A p p le Creek b r a n c h , 9 m .; H ow ard coa l b ra n ch ,
4 m .; coa l spu rs, 3 ra.; total o w n e d , 193 m .; track age, T rln w a y to Z a n e sv ille .
17 m .
O w ns a fou rth Interest In A k ro n & B a rb erton B elt R R . , 24 m .
V . 7 6 , p . 435 . Car trusts ou ts ta n d in g , $67 1,76 5, due $82,992 y e a rly .
P en n . C o. to o k co n tr o l Jun e 1 1899, pu rch asin g $ 2 ,2 3 7 ,5 0 0 o f the $ 4 ,0 0 0 ,­
000 s to c k (par $10 0 ).
D iv id e n d s , 2 % y e a rly . S ep t. 1901 to S e p t. 1905;
1906, 3 % (M -S ); 1907, M ch ., 1 > 4 % ; .Sept., 2 % : 1908, 4 % (M -S ); 1909,
4% .
O f 1st co n s , g o ld 4s o f 1940 (C om m ercial T r u s t C o. o f P h ila .,
tr u s te e ), $ 1 ,0 2 3 ,0 0 0 are g u a r ., prln . & In t., b y the P en n . C om pa n y, $ 1 ,8 0 0 ,­
000 are reserved t o retire the gen . 5s d u e 1927; V . 71, p . 390; V . 76, p . 653;
V . 77, p . 1746, 228 0.
R e p o r t fo r 1907 In V . 87, p . 282 .
In 1908, gross,
$ 1 ,8 3 0 ,7 6 2 ; n e t, $ 53 5,04 5; o t h . In c ., $ 51 ,384 ; ch g s ., $24 0,75 2; d lv . ( 4 % ) .
$16 0 ,0 0 0 ; a d d . & Im p ’ ts, $14 0 ,0 8 1 ; b a l., s u r ., $45 ,5 9 6 .— (V . 87, p . 282.)
C L E V E L A N D C IN C IN N A T I C H IC A G O & ST. L O U IS R Y . — (.See M a p s
N . Y . Central & I I . R . R R .) .— R O A D .— R a d ia tes fro m In d ia n a p o lis, In d .
w esterly t o C h ica g o, P eoria. C a iro, III., St. L ou is, ea ste rly to S a n d u s k y ,
C lev ela n d , C olu m bu s and C in cin n ati, O ., and so u th e rly t o L ou isville.
Owned D irectly—
M ile s . | Leased and Controlled—
A id e s
48
C lev ela n d , O .. to C olu m b u s , 0 . - 1 3 8 ICInclnnatl & S pringfield R y ------G a llon , O ., to I n d ia n a p o lis _______ 203|C olum . H o p e & G reen sb’ g R R . .
24
D elaw are to S p rin g field ___________ 50 | J o in tly O perated—
C incinnati t o L a f a y e t t e _________ 1 7 0 !C h lc . In d . & S t. L . S h o rt L i n e . .
44
32
In d ia n a p olis to T erre H a u t e ______72 | Trackage Into C in cin n ati, & c ._
H arrison B r a n c h _________________
7 |Trackage Into J e ffe rso n v ille------53
L eased— entire stock ow ned—
I'l'rackage Into T o le d o (V . 79, p.
C incinnati L a fa y e tte & C h ic. R y . 571
1 0 2 3 ,2 6 9 6 ) .....................................
48
Cairo V in cen n es & C h ic. R y —
I
--------C a iro, 111., t o T ilto n & b r a n c h - 261 | T o ta l Included In earnings — 1,982
S t. L . D lv ., T . H . to E. S t. L .1 9 0 I
O perated; earns, kept separate—
C olu m b u s Springfield & C ln .—
I Peoria & Eastern R y ------------------- *351
C olu m b u s, O ., to S p r in g fie ld -. 45 ICInclnnatl N o r t h e r n --------------------*248
W h ite W a te r — H arrison , I n d ., to
|K ankak ee & Sen eca R R ------------42
H a g erstow n . I n d _______________62|M t. G ilead S h o rt L in e ------------------2
C ln. W abash & M ichigan R y . —
IL ou lsv. & J e lle rs o n v . B r id g e —
*3
B en ton H a rb or to R u sh vllle and
I
--------b ra n ch ______________________ 249 | T o ta l o f system Jun e 3 0 ’ 0 9 .- 2 ,6 2 8
O th er l i n e s ________________________ 59| T rackage 111. C en t. Into C h ic. 1
C incinnati S a n d u sk y & C leve. R y . — I O n percen tage b a sis-------------/
S a n d u sk y , 0 . , t o D a y ’ n , O ..& C .1 7 0 I
Operates Independently—
----------ID a y to n & U n ion R R . (• ) ----------47
•See this c o m p a n y .
ID o u b le tr a c k ______
339
In A p r. 1909 a new d o u b le -tra ck line fro m E v a n sville to M t. C arm el,
I n d ., 30 m iles, w as u nd er co n s tr u c tio n .
V . 83, p . 817 , 1098.
H I S T O R Y , & c .— A con solid a tio n o f the Cincinnati In dia n a p o lis S t. L ouis
& C h ica go R a ilw a y C o ., the C leveland C olu m bu s C incinnati & In d ia n a p olis
R a ilw a y C o. and the Indianap olis & S t. L ou is R a ilw a y C o ., m ade In J u ly
1880, per plan in V . 48, p. 427. O f the c o m . s to c k , $ 3 0 ,207 ,70 0 w as In Jan .
1909 ow n ed b y the L. S. & M ich. S o . R y . , a m a jo rity o f the en tire share
c a p ita l.
V . 7 2 , p. 86; V . 82, p. 749.
T h e c o m p a n y Is also o n e -fo u rth o w n er o f P eoria & P ek in U n ion R y .
(th rou gh the P e o . & E ast. R y .) , o n e -fo u rte e n th o w n er In T erm in al R R .
A s s o cia tio n o f S t. L ou is, and tw o -fifth s o w n er o f In d lan ap . U nion R y .. and
part ow n er o f C en t. In d ian a R y ., C en t. U n ion D e p o t & R y . o f C in cin n ati,
U n ion u e p o t o f C olu m b u s, D a y to n U n ion R y ., D a y to n & U n ion R R . , M unOle B elt R y . and F in d la y B elt R y ., w h ich are op e ra te d In d ep en d en tly.




W hen
P a yable

R ate
%

do

do

B on d s— P r in c i­
pa l, W hen D u e
S tocks— Last
D ivid en d
M ch '1 0 -M ch '11
M a y ’ lO -M a y ’ l 6
T o O ct 1910
July l 1951
Jun e 1 1921
J u ly l 1009
Jan 1 1943
S e p t 25 1009 2 %
M ch 1 1927
A u g 1 1940
A u g 1 1940
Mch 2 190 8 1 %
O ct 20 1909 1 U.
M ay 1 1920
A u g 1 1936
Jun e 1 1914
Jan 1 1934
J u ly 1 1919
N o v 1 1912
J u ly 1 1940
Sept 1 1940
Jan 1 1939
N o v 1 1990
J u ly 1 1991
Jun o 1 1993
Jun e 1 1911

do
N ov
Jan
do
Co N Y N o v
Co N Y A p r

t Clevela nd C in cin n ati C h icago &
A & O 2 W a ll Street N ew Y ork
do
do
& I)
J
do
&
do
J
J

1
1
l
1

1909 3 %
1928
1953
1953

St L ouis
O ct 1 1933
Jun e 1 1936
Jan 1 1930

S T O C K .— T h e sto ck h o ld e rs v o t e d Ju n e 21 1905 to increase the c o m m o n
s t o c k fro m $2 8 ,7 0 0 ,0 0 0 to $ 40 ,000 ,00 0 and O ct. 31 1906 to $50 ,0 0 0 ,0 0 0 .
In 1907 $ 4 ,8 0 6 ,5 8 0 w as su b scrib e d fo r b y s to ck h o ld e rs a t 90; $ 2 ,2 4 9 ,7 2 0
a d d itio n a l w as sold to Jan . 1909. V . 83, p . 687, 1290; V . 84, p . 1247.
D I V I D E N D S .—
1 ’ 9 6 . '9 7 . '9 8 . '9 9 . ’ 00. '0 1 . '02 to '0 7 . '0 8 . '0 9 .
C o m m o n _________________ % \ 0
0
0
0
3 3H
4 y e a r ly . 1
0
P r e f e r r e d ________________% J 5
5
5
5
5
5 y e a r ly . 5
5
B O N D S .— T h e sinking fu n d p rovision o f the Cleveland C olu m bu s C in c in ­
nati A In d ian apolis consol, bonds (sta m p ed) has been c a n ce le d . T h e p rin ­
cip al o f these b o n d s Is pa ya b le In g o ld , b u t the Interest Is p a y a b le a t o p t io n
o f h old er, either In law ful m o n e y at 7 % per an n u m o r In B ritish sterlin g at
6% .
O f the In d ia n a p olis A St. L o u is 1st 7s, series “ A ” arc J. & J .; series
••B,” M. & S .; series “ C ,” M . & N .
St. L o u is D ivisio n bonds, see deed o f tru st, V . 52, p . 42-4 5 .
T h e 100-year m ortgage o f 1893 Is lim ited to $ 5 0 ,0 0 0 ,0 0 0 .
In J a n . 1909
$2 2 ,1 9 4 ,0 0 0 gen . 4s w ere reserved fo r prior liens (e x clu siv e o f C airo d iv isio n .
P eoria D iv is io n , M ichigan D ivision and the S t. L ou is D ivision w est o f T erre
H a u te ), and $ 3 ,748,000 fo r e q u ip m e n t, co n s tr u c tio n and b e tte rm e n ts , & c .,
$ 1 ,0 0 0 ,0 0 0 y e a r ly . See V . 7 8 . p . 1446; V . 7 9 , p . 733 ; V . 8 3 , p . 379 ; V . 87
p . 1010. G u arantees C h ic . In d ia n . & S t. L . S h o rt L in e R y ., C e n t. In d ia n a
R y . and Springfield U n ion D e p o t C o. b o n d s.
V . 77, p . 510, 517, 769 ,
1363, 2 2 8 0 :V . 78, p. 1 9 0 6 .1 9 6 1 ; V. 79, p . 2589.
T h e s to ck h o ld e rs w ere to v o t e O ct. 27 1909 o n a u th o riz in g $ 20 ,000 ,00 0
b o n d s, o f w h ich $9,0 0 0 ,0 0 0 to be p r o b a b ly Issued in the n e a r fu tu r e to p r o ­
v id e fo r $ 5 ,0 0 0 ,0 0 0 n o te s d u e Ju n e 1 1910 an d a b o u t $ 4 ,0 0 0 ,0 0 0 flo a tin g
d eb t.
V . 8 9 , p . 720 , 778.
J o in tly w ith fo u r o th e r road s co v e n a n ts to p a y N ew Y o r k C entral lines
$ 3 0 ,0 0 0 ,0 0 0 5 % e q u ip , trust o f 1907, the c o m p a n y ’ s share o f e q u ip m e n t
leased be in g $ 3 ,7 0 0 ,3 4 7 . V . 8 5 , p . 1401; V . 8 6 , p . 168: V . 8 8 , p . 761 .
G E N E R A L F I N A N C E S .— G u arantees Interest o n L o u isv ille & J e ffe r s o n ­
ville B ridge b o n d s jo in t ly w ith the Ches. & O .
V . 68, p . 822 . C a pital
s to c k per m ile o f road ow n e d D e c. 31 1908, $ 3 3 ,2 f0 : b o n d e d d e b t , $36 ,3 7 1 .
E A R N I N G S .— 8 m o s .,1 1 9 0 9 ............ G ross, $ 1 7 ,4 2 5 ,7 5 7 ; n e t. $ 4 ,8 0 8 ,6 2 7
J19 0 8 ............G ross,
15 ,2 3 3 ,7 5 0 ; n e t,
3 ,7 7 2 ,6 1 9
Ja n . 1 to A u g . 3 1 .
R E P O R T .— R e p o r t fo r y e a r e n d in g D e c. 31 1908 In V . 86, p . 743 , 765.
1908.
1907.
1906.
M iles o p e r a t e d __________________________
1,982
1,982
1,983
P assen ger e a rn in g s_____________________ $ 6 ,9 0 8 ,3 2 6 $ 7 ,1 2 7 ,0 4 9 $ 6,963,864
F re igh t
15,711,941
17,2 3 8 ,3 4 7 15,683,733
M all, express^ & c.........................................
2,0 0 1 ,3 9 4
2 ,0 8 2 ,4 0 8
1 ,947,319
T o ta l e a rn in g s.............................................$24 ,621 ,66 1 $2 0 ,4 4 7 ,8 0 4 $ 24 ,594 ,91 6
O p e ra tin g e x p e n s e s ....................................... 19,231,524 2 0 ,1 3 3 ,6 2 9 1 8 ,432,713
N et e a r n i n g s ........................................... $ 5 ,3 9 0 ,1 3 7 $ 6 ,3 1 4 ,1 7 5 $ 6 ,1 6 2 ,2 0 2
$ 6 ,5 0 0 ,7 1 9 $6,370,771
T o t a l net i n c o m e - . . .....................................$5,5 2 7 ,5 4 2
In te re st o n b o n d s, & c ................
3 ,618,541
3 ,4 0 4 ,1 6 6
3 ,1 8 9 ,1 1 5
T a x e s .................................................................
8 94 ,377
842 ,893
831,631
R e n ta ls , & c ................
3 0 5 ,8 4 5
280 ,442
285,293
500 ,000
500 ,000
4 9 9 ,9 2 5
D iv id e n d s on p re fe rre d , 5 % . . .......... D iv id e n d s on c o m m o n ...........................
............. (3 )1 ,4 1 1 ,0 8 9 (4 )1 ,5 1 1 ,7 5 4
$20 8,77 9
$01,528
$53 ,053
B a la n ce , s u rp lu s .......................................
O F F I C E R S .— P re s., W . C. B r o w n , N ew Y o r k : V ice -P re s id e n ts , E . V . W .
R o s s lte r, J o h n C arstensen, C. E . S ch a ff, A. H . H arris an d C. F . D a ly ; S e c .,
D w igh t W . P a rd ee, N ew Y o r k ; T r c a s ., C has. F . C o x , N ew Y o r k ; A u d ito r ,
P . A . H e w itt, C in cin n ati, O h io .
,
,,
D ire cto rs .— W illiam K . V a n d e rb ilt. F r e d ’ k W . V a n d e r b ilt, C h a u n ce y M.
D e p e w , J . P le rp o n t M organ. H . M c K . T w p m b ly , W in . R o c k e fe lle r . W m .
H . N e w m a n , Jam es S tillm a n , W a lte r P . Bliss o f N ew Y o r k : M . E . In galls,
A le x a n d e r M cD o n a ld , C in cin n ati; Jam es B a rn e tt, C le v e la n d , O h io .—
(V . 89, p . 720 , 778.)
C L E V E L A N D L O R A I N & W H E E L I N G R Y .— (S ee M a p B . A O .) — O w n*
fro m L o ra in . O ., to B rid g e p o rt, O ., o p p o s ite W h e e lin g , W . V a ., 158 m .; L e s ­
ter to C levelan d, 28 m ., and branch to B ellatre, O ., 6 m .; t o ta l, 192 m .; and
has trackage Into W h e e lin g . V . 8 0 . p. 1174.
, „
„ .
H I S T O R Y .— O p erated b y the B a lt. & O h io , w h ich o w n s p r a c tic a lly all of
the s t o c k . See th a t c o . and V . 7 2 , p. 480 ; V . 7 3 , p. 236; V . 86, p. 602.
S T O C K .— C o m m o n , $ 8 ,0 0 0 ,0 0 0 , and p r e f., n o n -c u m ., 5 % , $ 5 ,0 0 0 ,0 0 0
par $100. A fte r 5 % on e a c h , b o th s to ck s share a lik e.
V . 6 0 , p . 1058.
D I V I D E N D S .— On n r e f.. 1896. 3 % ; D e c. 1004, 2 H % ; 1905 to A n rll
1908, 5 % ; n on e sin ce to O ct. 1909.
D lv . o n c o m ., 2 M % , M c h . 2 1908.
V . 8 6 , p . 284.
B O N D S .— O f the $1 0 ,0 0 0 ,0 0 0 co n s o l, re fu n d in g g o ld 41$ s, the rem ain in g
$ 6,000,000 arc reserved to retire old 5s. V . 70, p . 230, 480.
R E P O R T .— R e p o r t fo r ye a r e n d in g June 30 1908 w as In V . 8 7 , p . 1 4 1 6 .
sh o w in g , gross, $ 4 ,1 5 9 ,5 5 4 ; n et, $ 1 ,3 9 0 ,4 2 4 ; o th e r In co m e , $ 2 ,343; ch a rg e s ,
& c ., $ 61 6,40 6: d lv . on p re f. ( 5 % ) , $25 0 ,0 0 0 ; d lv . o n c o m . ( 2 ^ % ) , $ 2 0 0 ,­
000; b a la n ce . $ 3 2 6 ,3 6 1 .— (V . 87. p . 1416.)
C L E V E L A N D & M A H O N I N G V A L L E Y R Y .— O w ns fro m C le v e la n d , O ..
to S h a ron . P a ., 81 m iles (57 d o u b le t r a c k ); N iles, O ., to N ew L is b o n , O .,
and bran ch es, 44 m .
Leased to N y p a n o R R . (fo rm e rly N . Y . P e n n . &
O hio) till 1962; rental $525,967 per a n n u m . C o u p o n Interest Is J . & J .,
registered Interest, Q .-J .
S to ck Is $ 3 ,2 5 9 ,2 0 0 , o f w h ich $ 3 ,2 5 8 ,2 5 0 Is held
b y " A t la n t ic First Leased L ines R en ta l T ru st C o ., L im ite d ,’ ’ o f L o n d o n .
D ividen ds In 1897, 1 3 « % ; 1898 to 1904, b o th In clu sive. 13>5 % y e a rly ; In
190 5, 1 1 -4 2 % : In 1906 t o 1908, 1 1 .4 0 % .— (V . 63, p . 068.)
C L E V E L A N D & M A R I E T T A R Y . — O w ns fro m M arietta O ., to Canal
D o v e r, 103 m iles, an d b r a n c h . 7 m iles, Z o a r , O .. to Canal D o v e r, leased.
S t o c k , $ 2 ,0 0 0 ,0 0 0 , o f w h ich the P e n n sy lv a n ia C o. Ju n e 30 1909 o w n e d
$ 1 ,7 9 1 ,9 0 0 (p ar $10 0); surplus earnings o v e r ch arges g o to C. & M.
D iv i­
d e n d s paid In 1906 ( 3 % ) , $60,000; In 1907, 4 % ; In 1908, 5 % .
B O N D S .— G u aranteed prln . and Int. b y P en n . C o .; sin k in g fu n d 1 % .
E A R N I N G S .— In 1908, gross. $ 93 7,98 3; n e t, $39 7 ,7 9 2 ; Int. o n b o n d s .
$ 56 ,250 ; Im p r o v e m 'ts , $17 9,27 5: o th . c h g s ., $ 11 ,114 : d lv s . ( 5 % ) , $ 1 0 0 ,0 0 0 ;
1 b a l., s u r ., $ 51 ,153 . In 1907, gros3, $ 1 ,0 9 6 ,9 6 9 ; n o t, $ 3 3 8 .7 8 7 .— ( V .8 8 ,p .5 2 ) .

I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on fir s t page o f tables
C l c v e & M V— C o n s m (n o w first) $3,000,000 g „ C e .c & r
C l e v c & M a r— F irst m tg e s f n o t d raw n go ld g u a r F .c *
C l e v e & P it t s b u r g h — S t o c k 7 % g u a r b y P e n n R R Co
Sp e c ia l betterm ent sto c k $10,738,135 g u a r 4 % -----G en M $10,000,000 g o l d . . F ] Series A & B ........... c *
G u a ra n te e d p rln a n d ln t)S e r le s C & D ........... c *
(end) Penn R R ______ JSeries B ln t reduced . .
C l e v e l a n d T e r m i n a l & Va ll e y — See B a ltim o r e & O h io .
C o a l & C o k e — F irst m o rtg a ge $5,000,000 g o ld ...........
C o al & Iro n — See W este rn M a r y la n d
C o a l R i v e r R y — See Ch esapeake & O h io
C o le b ro o kd aie — 1st M $593,400 u n d R e a d M o f 18 0 7 .c
C o lo M id la n d — 1st M $10,000,000 (V . 71. p. 139) .C e c *
C o lo ra d o & Southe rn — C o m m o n sto c k $ 3 1 ,0 0 0 ,0 0 0 ...
F irst preferred 4 % n o n -c u m u la tlv e $8,500,000 . —
Se con d preferred 4 % n o n -c u m u la tlv e $8 500,000 —
F irst m o rtg a g e g o ld $19,853,000------------------ C e c *
R e f M $100,000,000 g red 101__________ Ce x c * r *
E q u ip bon d s ser A due s-a red 101 ( V 84 p 5 0 7 ). . G
ol S o NO & P ac— 1st M $12,000,000 g r e d 1 0 2 ) 4 - .C e
E q u ip tr notes due $80,000 s-a gu by S t L & S F .B a
C o lo S p & C rip C r D Ry— 1st M $2,000,000 g s f . . C c
F irst co nsol m o rtg a g e $3,600,000 g o ld --------M o .c & r
C o lo ra d o T e x a s & M e x ic o — F ir s t m tge $75,00 0,000 ..
C o lu m N e w b & L a u re n s— 1st M $12,000 p e r m . - . S B a
C o lu m b ia Southe rn — F irst m tg e g o ld $2,100,000— N
C o lu m b ia & G reen ville— See So u th e rn R y
C o lu m b u s & T o le d o — See H o c k in g V a lle y R y
C o lu m b u s & X e n ia — S t o c k 8 % re n ta l-----------------------C o m b in a tio n B rid g e (S io u x C it y la ) — F ir s t m o rtg a g e
C o n c o rd & C la re m o n t I N H ) — F ir s t m o r t g a g e . - - - - - - c
C o n c o rd & M o n tre a l— S t o c k C la ss I ( B C & M p r e f )- S t o c k C la ss I t (B C & M n e w )................................
.Stock C la ss I I I ( B C & M old s t o c k )............. ..........
S t o c k C la ss I V (C on cord ) $6,000,000 a u th (text) - x Sc rie s “ A , ” J & J ;

"B ,” A&O.

y "C .” M & N :

M ile s
of
Road

D a te
of
B on d s

S iz e, or
Far
A m ou n t
V a lu e O utstanding

$1,000 &c
1,000
50
50
1,000
202 1892
1,000
202 ’08-00
1,000
202 1892

$2,935,000
1,250 ,000
11,247,635
9,3X7,550
4,561,000
4,684,000
439.000

5 g
4)4
7
4
4)4
3)4
3)4

1903

1,000

3,000,000

3 g

1868
1897

100 &e
1,000
100
100
100
1,000
100 &c
1,000
1,000

125
103

1888
1895

184
13
259

1,059
Text

75
75
70
55
71

--

"D .”
"D .”

1882
1899
1905
1907
1905
1907
1900
1902
1908
1887
1898

1895
1894

—

1,000
1.000
1,000
1,000
1,000
50
500 &c
1,000
100
100
100
100

W here P a y a b le, and by
W hom

See te x t W in slo w . I.a n &
F a rm e rs I. & T r
g M & N
Q— M
W in slo w , L a n &
Q— M
do
do
X
g
do
y
g
do
g A & O
A &

O

600,000
6
J
& D
9,179,000
J
&
J
4 g
31,000,000 See text See text
8 ,500 .000 4 In lo o p A & O
8,500,000 4 In 1909 A & O
19,402,000
F
& A
4 £
25.133,000
4)4 g M & N
77 1,000
5
A & O
Sec te x t
4)4 g M & N
1,120,000
5
F & A
1,706,000
J & J
5 g
1 ,379.000
A & O
5 g
See text
5
J & J
899,000
J & J
3 g
700,000
J
& D
5 g

1.000

1,786,200 See text
Q—
500,000
5
J &
500,000
J &
4)4
800 ,000
7
Q—
540 ,400
7
Q—
459 COO
7
Q—
5,807,600
7
o—

M
J
J
J
J
J
J

Bonds— P r in c i­
pa l, W hen D u e ,
Stocks— L a st
D ivid en d

Co N Y Jan 1 1938
Co N Y M a y 1 1935
Co N Y S ( p t 1 1909 1 H
Si p t 1 1909 1 %
do
J a n -O c t 1942
do
1948-1950
do
O c t 1 1942
do
A p r 1 1919

E lk in s W V a or B a lt

P h lla June 1 1898
N Y J u ly 1 1947
N Y D e c 15 1908 2 %
O c t 1 1909 2 %
O c t 1 1909 2 %
Fe b 1 1929
M a y 1 1935
N Y A p r ’1 0 -A p r ’17
N o v 1 1925
Fe b ’1 0 -F e b ’17
C h em B k N Y ; & C o l S p Jan 1 1930
M T r u s t N Y ; & C o l S p O c t 1 1942
J a n 1 1958
New Y o rk
Sa fe D e p & T r C o , B a lt J u ly 1 1937
N e w Y o r k T r u s t Co N Y D ec 1 1948

R e a d in g T e r m in a l,
Ce n tra l T r u s t C o
Office. 26 L ib e r ty ,
do
do
do
do
do
do
do
do
G u ara n ty T ru st Co
New Y o rk

Tre asu re r, C o lu m b u s O
H anover N a t B a n k N Y
F ir st N a t B a n k B o sto n
C h e cks m a ile d
do
do
do

Sept
J u ly
Jan
Oct
Oct
Oct
Oct

10 1909
1 1915
1 1914
1 1909
1 1909
1 1909
1 1909

2%
1H
1 54
1 54
1 54

F&A
F&A

C L E V E L A N D & P I T T S B U R G H R R . — (See Ata p P en n sy lm n ia R ailroad.)
— C le ve lan d , O ., to Rochester, P a.. 124 m iles: b ra n ch e s— B a y a r d , O ., to
N e w P h ila d e lp h ia . 31 m .; Ye llow Creek to B ellalre, 43 m .; other 3 m .,
track ag e , R ochester to P tttsb . (P. F t. W . & C h ic .), 26 m .; t o t a l, -2 7 miles.
L E A S E . — Leased for 999 years Dec. 1 1871 to Penn. R R . C o . , an d lease
transferred to P e n n sy lv a n a Co.
R e n ta l, 7 % on $11,261,805 stock, Interest
on b o n d s an d o rga n iza tio n expenses.
"S p e c ia l gu aran teed betterm ent
sto c k ” (subord in ate to the origin a l stoc k a s to d iv id e n d s o n l y ) , w ith d iv i­
d en d s of 4 % guaran teed b y the P en n . R R . , Is Issu ab le for Im p ro v e m e n ts,
V . 79. p. 2205, 2642; V. 83, p. 625: V . 85. p. 1082; V . 87, p. 812.
B O N D S . — G enerals are all e q u a lly secured: g u a r a n ty .
V . 50, p. 604.
E A R N I N G S . — I n 1908, gross ea rn in gs, $8,406,205: net, $2,867,424;
profit to lessee, $1,331,308.— (V . 87, p. 812; V . 89, p. 992.)
C L E V E L A N D S H O R T L I N E R Y . — T o be a b elt line co n n e ctin g e igh t r a il­
ro a d s b y track s rem ote from the heart of C le v e lan d . O ., sta r tin g a t L o ra in ,
a b o u t 20 m iles northw est of the city. O f this 10 m iles to be co m plete d in
1908
C o st to be a b o u t $10,000,000. S to c k , $3,750,000; par, $100. V
86, p. 167. Pres.. W . C. B ro w n : V . -P ., D . C . M o o n .— (V . 88, p. 563.)
C L E V E L A N D T E R M I N A L & V A L L E Y R R . — {S ee M a p B a ltim ore &
Ohio ) — o w n s from C levelan d , Q ., to V a lle y J u n c tio n , 75 m iles; bran ches,
11 m iles: y ard track an d sid in gs, 89 miles.
S T O C K . — O f the $4,615,300 com m on (par $50) B . & O . o w n s $4,594,300
a n d of the $2,060,750 preferred, $1,826,700; par, $100.
B O N D S . — T h e 1st M . b o n d s are gu a r., p. & L , b y B . & O ., endorsed.
D u e I). & O . on general a ccou n t June 30 1908, $1,148,313.
R E P O R T for y ea r e n d in g June 30 1008 w a s In V . 87, p. 1207, sh o w in g
gro ss, $1,083,528; net, $274,907; o th e rln c o m c , $29,386; ln t., &o., $284,280;
ba l., su r., $20,012. (V . 85, p. 1395; V . 87, p. 1297.)
C O A L & C O K E R Y . — O w n s from Lelter, W . V a .. to C h arleston , W . V a .,
166 m iles; trackage, Lelter to E lk in s . 7.6 m .; M o rris Creek b ra n ch , 3 m .;
M a b le to B e llln gton . 17.7 m .; b ra n ch from M id d le F o rk to C a ss lty F o rk , 12 m .,
total, 207 m iles.
A b o u t 100.000 acres of coal la n d s are ow n ed.
S to c k , coin., $10,000,000, all o u tsta n d in g; 5 % pref., $10,000,000 a u th o r­
ized O c t. 1907, of w hich $8,881,800 Issued to purchase $6,300,000 b on d s
a n d settlem ent of other d ebts; b o n d s reduced to $5,000,000, of w hich $2,­
000,000 In treasury.
V . 85, p. 1005.
M o rtga ge covers road an d coal lands.
V . 78, p. 47. C a r tru sts June 30 1009, $ 4 6 1 ,173. d u e $55,000 y e a rly ; lo a n s
a n d b ills paya b le , $1,2 4,217.
E A R N I N G S . — 2 m os.. 119°°......... ...... G ro ss, $ 1 22 ,8 '8;
net, $31,866
J u ly 1 to
u g 31.
J1908----- ------- G ross,
1 10,110: O p.def.,22.7 9
R e p o r t fo r y e a r e n d in g Ju n e 30 1908 (184 m iles) w a s In V . 83, p. 1409.
I n 1908-09, gross, $635,174 (e x c lu d in g hire of e q u ip m e n t, $67,432): net,
$155,082; n et In com e coal d ept., $8 1,235; to ta l net, $239,317; lnt. o n b on d s,
$177,761: other lnt. a n d taxes, $128,613; bal., def., $67,087. P re s., H . G .
D a v is , E lk in s , W . V a .; See., C . M . Ile n d le y , W a s h in g t o n , D . C .— (V . 85,
p. 1005; V . 88, p. 1499.)
C O L E B R O O K D A L E R R . — P o ttsto w n to B a r to , P a ., 12.84 m iles. Leased
to P h lla . & R e a d in g R y .
C o m m o n sto c k , $297,215; pa r, $50.
C O L O R A D O M I D L A N D R Y . — O w n s from C o lo ra d o S p r in g s to N e w
C a stle Co l., th ro u gh B u s k -Iv a n h o e tunnel, 226 m iles; Jerom e P a r k b ra n ch ,
15 m iles; A spen bran ch, 18 m iles: tota l ow ned, 259 m iles.
L eases N e w
C a stle to R ifle Creek, 14 m iles, a n d R io G ra n d e J u n c tio n R R . , R ifle Creek,
C o l., to G ra n d J u n ction , 63 miles; tota l ow ned a n d leased, 336 m iles.
O R G A N I Z A T I O N . — Su ccessor O c t. 1897 to the C o lo ra d o M id la n d R a d road fored osed a n d reorganized per plan In V . 64. p. 1224. 1226. In M a y
1900 a m a jo rity of the stock. H n ot the entire Issue, w a s p u rch ased b y a
sy n d ica te In the Joint Interest of the C o lo ra d o & S o u th e rn a n d D e n v e r &
Ry|o G ra n d e
V . 70 p 686. 791. 9 9 7 . 1200; V . 71. p. 28; V . 73. p . 1111.
Pref.. $6 000,000; co m m o n , $4,000,000.
E A R N I N G S . — 2 m os., \ 1900— - - ........G ross, $302,190; net, 555.418
_____ G ross, 3. 5,372; net, 97,038
J u ly 1 to A n ' 31.
11908 - D e fic it under charges, $33,8 8. a g a in st su rp lu s of $18,011 In 1907-08.
Y ea r
'irons
Net
M isc. inc.
Charges.
B alance.
1908-09_______ $2,312,590
$383,389
(?)
(?)
sur. $47,086
sur. 22,318
1007-08........... 2,200,756
420,830
58,480
4(1 2 ,9 9 2
sur. 186,988
19 0 6 -0 7 ..
. 2.454,610
580,591
49,691
413,291
O F F I C E R S . — P re s., D a n ie l W illa r d ; V ic e -P re s., C h as. I I . S c h la c k s;
T re a s., H e n ry L . H o b b s; Sec., L . B . John son , N e w Y o r k .
D ire c to rs— G eorge B . H a r r is, D a n ie l W illa r d , W . P . C lo u gh , E d w in
H a w le y , G eorge J. G o u ld . E d w in G o u ld , W in slo w S. Pierce. H a r r y B ro n n e r,
E . T . Jeffery a n d C h a s. I I . S c h la c k s .— (V . 88, p. 501; V . 89, p. 778.)
C O L O . & N. W. R R . — See D e n v e r B o u ld e r & W e ste rn .
C O L O R A D O & S O U T H E R N R Y . — (See M a p . ) — O perates a sy ste m from
O rln Jet., W y o m in g , th ro u gh C o lo ra d o to F o rt W o rth , T e x., a n d b y ex­
ten sion s built to 1906-07 reaches tidew ater a t G alv e sto n , T e x ., an d a lso
H o u s to n , D a lla s a n d other poin ts, viz.: ('w h ic h see).
C ontrolled—
M iles.
L in es Owned—
M iles.
Ch eye n n e to O rln J u n c tio n ......... 154 D e n v e r & In te r u r b a n R R ------------ 27
D e n v e r to Bessem er Jet., C o lo — 129 C o lo ra d o R R . (V .8 7 ,p .6 7 7 ).......... >2
1
D e n v e r to L c a d v . (nar. g a u g e ) . . 152 W a ls e n b u r g & W e s t e r n . .............
C o m o to B a ld w in M in e
(do ) _ _ 131 F o r t W o r th & D e n v e r C i t y ........ *454
T rin id a d . C o l., to T e x . S t. l i n e . . 135 Co l. Sp r. & C rip . Cr. D is tr ic t -------'7 5
O th. lin es,br.,& c. (103 nar. gau gc)34 2 W ic h it a V a ll e y .......................... *113
W ic h it a F a lls & O k la h o m a ............ 23
Trackage— P u e b lo to W a lse n b ’g
(D e n v e r & R io G r a n d e )........... 58 A b ilen e & N o r t h e r n .................
38
C h eye n n e to D e n ve r (U n . P a c . ) -.1 0 7 T r in it y & B ra zo s V a lle y ---------- '4 22 5

Total June 30 1009..............62.402
T o ta l .................................. 1.208
6 In c lu d e s 114 m iles trackage
A ls o o w n s h a lf In te re st In C o lora d o M id la n d , o p e ra tin g 338 m ile s, a n d In
T r in it y & B ra z o s V a lle y R y . See those co m pan ies.
O R G A N I Z A T I O N . — Succeeded on Jan . 11 1899, per plan In V . 67, p
748 the U n io n P acific D e n v e r & G u lf an d D e n v e r L e a d v lllc & G u n n iso n .
I n D eo. 1908 the C h ic a g o B u r lin g to n & Q u in c y a cqu ired $23,657,500 com .




R ate
%

W hen
P a ya b le

sto c k (p ra c tic a lly a c o n tro llin g interest) held b y E d w in H a w le y a n d a sso ­
ciates. V . 87. p. 1663, 1604: V . 88. p. 158, 685.
O w n s a la rge m a jo r ity of the co m . sto c k of F o r t W o r t h & D e n v e r C it y
R y . , w hich see. O w n s a beneficial In terest In on e-half sto c k of C o lo ra d o
M id la n d . V . 70, p. 739. In M a rc h 1902, E d w in H a w le y a n d asso ciates
a cqu ired co ntrol. V . 74, p. 679, 727. T h e v o t in g tru st te rm in a te d A p r il
1 1905. C o n tro ls D e n v e r & In te r u r b a n (E le c tric ) R y . , w h ich o w n s 27
m iles, operated since J u ly 1 1908, a n d operates 24 m iles of Co l. & S o u .,
w hich h a s been electrified u n d er lease,
v . 87, p. 950; V . 89, p. 934.
In 1905 co ntrol of C o l. S p r. & C rip . Cr. D lst. R y . w as acqu ired; a lso T rln .
& B ra z o s V a l., C le b u rn e to M e x la , T e x ., 79 m iles, w ith exten sion s b u ild in g
a n d W ic h ita , V a l. R y . , B y e rs to S e y m o u r, T e x ., 75 m iles.
See “ B o n d s "
below a n d V . 80. p, 1423, 1856: V . 81, p. 1241; V . 82. p. 928; V . 83 p. 695.
D I V I D E N D S . — 1st pref. 1900. 2 % ; 1901, 3 ) 4 % ; 1902, 3 ) 4 % : 1003, 4 % :
1904, A p ril, 2 % : 1905, none; 1906 to O c t 1909, 4 % (A . & O .).
O n 2d
pref., In 1907 to 1909 (A . & O .)
O n co m m o n , 2 % D e c. 15 1908. V
87, p. 1300; V . 88, p. 1499.
B O N D S . — 1st M ., see V . 68. p. 1027; V . 77, p. 2158; V . 87, p. 414, 1160.
T h e $100,000,000 re fu n d in g b on d s of 1905 were m ad e Issu a b le as follow s:
F o r r e fu n d in g b o n d s a n d e qu ipm en t o b lig a tio n s of s y s t e m ----------$36,850,000
F o r b ette rm en ts a n d Im p ro v e m e n ts, In c lu d in g equ ipm en t, a t the
cu m u la tiv e ye a rly rate, b e gin n in g J an . 1 1905, of $500 per
m ile of operated an d controlled lin e s-------------------------------------- 15.000,000
F o r reim b u rsem en t of the treasu ry of the c o m p a n y , & c ------------2,500,000
F o r a cq u isition of a d d itio n a l p rope rty (In c lu d in g prope r p r o v i­
sion for the co st of d o u b le -tra c k in g p a rts of the m a in lin e s ). . 45,650,000
E q u ip m e n t b o n d s o f 1907 m atu re $51,000 s-a to A p r il 1 1914- thereafter,
$52,000; V . 84. p. 507. P u llm a n Co. car tru sts Ju n e 30 1909, $ ’l 1 .oOO.
T h e r e fu n d in g b o n d s are secured b y a first lien on a ll the b o n d s a n d praotlc a lly all the sto c k of the cos. o w n in g 526.30 m iles of road. In c lu d in g the
W ic h it a V a lle y lines a n d the T r in it y & B ra zo s V a lle y R y . ; also b y d irect
lien , su bject to the first m o rtg age , on 1,058.66 m ile s of road ow ned b y
the C o lo ra d o & S o u th e rn a n d on p ra c tic a lly a ll the stock of su b s id ia ry cos.
o w n in g 546.8 m iles of road, m a k in g 1,605.46 a d d itio n a l m iles on w hich
there are o u tsta n d in g $30,962,000 u n d e r ly in g b on d s; to ta l th u s covered,
2,131.76 m iles, on w hich the to ta l o u tsta n d in g fu n d e d d ebt, In c lu d in g these
b o n d s a n d a ll p rior liens, a veraged In 1909 a b o u t $26,300 per m ile
E A R N I N G S . — In c lu d in g F t. W o rth & D en. C lt v a n d a ll a ffilia te d lines;
2 M o s . end. A u g . 31—
Gross.
N et.
Chges. { N e t). B a l . , S u r.
1909
- $2,651,867
$978,896
$437,634
$541,262
1908
2,510,255
924,748
440,040
484,708
R E P O R T . — R e p o rt for 1908-09 a t len gth , sh o w in g o pe ration s of sy ste m ,
In c lu d in g the F t. W o r th & D e n v e r C lt v and Col. Sp r. & C r lp .C r . D ls t . R y . .
D e n v e r & In te r u r b a n R R . , C o lora d o R R . , F t. W . & D e n v . T e rm . R y . a n d
W ic h it a V a lle y lines, w a s In V . 89, p. 912, 933, 990.
1908-09.
1907-08.
1,980
1,932
A v e r a g e m ile s____________________________ _____ T o ta l o p e ra tin g re v e n u e s_________________________ $15,080,412 $14,283,133
O p e ra tin g e x p e n se s______________________________ 10,225,687
9,542,809
O p e ra tin g in com e (over t a x e s )----------------4,453,683
4,338,688
T o ta l n et In c o m e ___________________
$4,920,385
In te re st on b o n d s, e q u ip m e n t o b lig a tio n s, & c -------2,721,526
D iv id e n d o n first preferred stock ( 4 % ) -----------------340,000
D iv id e n d on second preferred stock ( 4 % ) -------------340,000
D iv id e n d on co m m on stoc k ( 2 % ) -----------------------620,000
B a la n ce , su rp lu s fo r y e a r ______________________

$4,634,962
2,521,630
340,000
340,000
.............

$898,859 $1,433,332

O F F I C E R S . — C h a ir m a n a n d Pres., G eorge B . H a rris: V . - P . , A . D . P a r k ­
er, D e n v e r, Col.; Sec. a n d T re as., B . F. Jam es, 26 L ib e r ty St. N e w Y o r k .
N e w d irectors Feb . 1909, V ) 88, p. 563.— (V . 89, p. 912, 933, 990.)
C O L O R A D O S O U T H E R N N E W O R L E A N S & P A C I F I C R R . — (See S L L .
<fc S . F . M a p .) — B a t o n R o u g e . L a ., to H o u sto n . T e x., 303 m ., w ith bran ches
B u n a , T e x . H a s tra ck a g e for 92 y e a rs fro m B a t o n R o u g e to N e w O rle a n s,
78 m iles, o v e r L a . R y . & N a v . C o .’s lines.
L in e opened Sep t. 1 1909.
V . 88, p. 1002.
E x te n sio n w as b u ilt from D e Q u in c c y to H o u sto n , T e x a s.,
137 m ., In c lu d in g K a n s a s C it y So u th e rn track ag e between D e Q u ln c e y a n d
B e a u m o n t, T e x a s, 47 m .. a n d the B e a u m o n t S o u r L a k e & W e ste rn R R . ,
B e a u m o n t to S o u r L a k e , 22 m ., a n d the O ra n ge & N o rth w e ste rn R R . , N e w ­
ton to G ran g e , T e x ., 61 m ., acqu ired . V . 87, p. 873: V . 88, p. 685.
T h e S t. L o u is & S a n F r a n , o w n s a ll the stoc k a n d leases the road for 999
years, $8,500,000 of the b on d s b ein g deposited as se cu rity for $7,500,000
S t. L o u is «c S a n F ra n , notes. V . 82. p. 928. B o n d s, see table ab ove. V .
5
82. p. 509. 868.
E q u ip m e n t tru st notes gu ar, b y S t. L o u is * Sa n F ra n .,
V . 84, p. 507. O ld b o n d s of co m pan ies acqu ired, for w hich S t. L o u is & S a n
F ra n . gen. lien b o n d s of 1907 are reserved $461,000 O ra n ge & W e ste rn 1st
30-vear 5s due Sept. 15 1933 a n d $267,667 B e a u m o n t S o u r L a k e & W e ste rn
Is t O s due J u ly 1 1935. Pres.. A . J. D a v id so n . St. Lou!?, M o . — (V . 89. p.528.)
C O L O R A D O S P R I N Q S & C R I P P L E C R E E K D I S T R I C T R Y — C o lo ra d o
S p r in g s to C rip p le Creek, C o l.. 46 m .; b ran ch, C a m e ron to V ic t o r, 5 m .;
other bran ches a n d sp u rs, 24 m .; total, 75 rn., of w h ich 59 m . ste a m , 14 m .
steam a n d electric a n d 2 m . purely electric.
I n J an . 1905 C o lo ra d o &
S o u th e rn acquired a ll the stock except $900 com . V . 80, p. 472, 1111, 1423.
S to c k , a ll o u tsta n d in g , com ., $1,200,000; pref., 5 % , n o n -cu m ., $800,000.
P a r of shares, #100 each.
D iv id e n d 5 % on preferred, paid F eb . 1907.
S in k in g fu n d can retire first m tge. b o n d s y e a rly a t 110 fo r the first 15
years then at 107)4 for 5 years, then 105 fo r the n ext five y ears, then
102)4 for three years, thereafter a t par. V . 76, p. 345.
E A R N I N G S . — 12 m o s . ,119 08 -0 9......... G ro ss, $764,486; net, $265,075
J u ly 1 to Ju n e 30. \ 1907-08______ G ro ss, 682,625; net, 256,764
P res., F r a n k T r u m b u ll.— (V . 81, p. 725; V . 87, p. 740; V . 8 8 , p. 822.)
C O L U M B I A N E W B E R R Y & L A U R E N S R R . — C o lu m b ia to L a u re n s.
S . C ., 75 m . S to c k , $500,000.
B o n d s were 6s. b u t re-lssued as 3s In 1900,
in com e certificates to a m o u n t of 4 0 % of b o n d s b e in g issued.

R A IL R O A D S
F o r exp la n a tion of colum n headings, & c ., see notes
on fir s t page o f tables.

M ile s
of
R oad

D a te
of
B onds

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lue

A m oun t
O utstanding

Concord & M ont— (C o n c l.)— B . C. & M Imp M _______ c
166 1881
$1,000
Concorn & Montreal cons M for $ 5 ,5 0 0 ,0 0 0 - .BB.c*
262 1890
1,000
Debenture bonds $1,150,000 currency____________ c*
1,000
97-99
do
do
$500,000 Interest guaranteed____
1900
1,000
Concord & Portsmouth— Stock 7 % rental 99 y r s ____
40 y3
100
____
Conn & Passumpsic— Pref stock 6 % rental 99 y r s -.c *
100
First mortgage $1,900,000 gold____________________ c*
I io 1893
1,000
Massawlppl stock guar same dlv ns Conn & Passump
37
100
Newport & Rlchford 1st M guar by C & P _______ c*
22 1881
1,000
Connecticut River— Stock $3,670,300 authorized)____
80
100
1893
Bonds not mortgage for $1,000,000 gold___________ c
1,000
___ 1901
Bonds not mortgage _________________________________
1 ,000
do
do
____________________________________
1903
1,000
24 1880
V Val 1st M with $500,000 S Co R R stock as c o ll-.c *
1,000
7 1883
1.000
Conn (Phila)— Phlla G & Ch H 1st M guar by P c n n -.r
Conn R y 3 i t % gold mortgage $ 5 ,0 0 0 ,0 0 0 ___________
37 1902
1,000
100 &c
Cooperstown & Susq Vail— 1st M $200,000 Int g u a r ..
19 H 1888
1899
500 &c
Copper Range— First mortgage gold (see t e x t )_______ _ Text
1909
Copper River & Northwestern— 1st M $ 5 0 ,0 0 0 ,0 0 0 .. S
26 ____
50
Cornwall & Lebanon— Stock........................... .......................
26 1891
100 &c
First M extended at 4 % In 1906 (V 82 p 1322 )____ r
. _ ____
100
Cripple CreekCcntral— Common sto ck -------- -----------------_ _
____
100
Preferred stock 4 % non-cum ulatlve_________________
41 1895
1,000
Midland Term first m tge gold sinking fund____ F.c*
Cuba Eastern— First mortgage $1,000,000 g o Id .K .c *
43 1903
1,000
D e b e n tu re s______ _____________________________ ______
Northeastern Cuba 1st M $1,000,000 g gu p A 1____
53 1905
1 ,000
190 5
Cuba Eastern Terminals first mortgage guaranteed- _
1,000
Eastern R R of Cuba first and refunding mtge gold. 1907
Securities to be Issued bg N e w C o . (G uantanam o & Wester n R R .) under P
Common stock S2,750,000 au th_____ _____________ .
1st pf stock (also as to ass) 7 % non-cum $2,750,000
2d pf stock (also as to ass) 5 % non-cum $ 2 5 0 ,0 0 0 ..
1st mortgage $600,000 gold________ . . . . . .
______
1909
___
Cuba R R — Pref stock, 6 % non-cum, $ 1 0 ,0 0 0 ,0 0 0 ____
166
First mtge i old $20,000 p e r m i l e _______ M o.xc &r*
144 1902 1 .000 &e
_ . _
1906 _________
Cumberland Corporation— Coll trust gold notes_______
I ,000
57 1891
Cumberland- & Pennsylvania— First m tge gold g u a r ..
1 .000
S o m o se f fv-n! ear tr assure $76 000 yr|y
FBn
190 6
E A R N I N G S — 2 m os., 11909______ _____ . . G r o s s , $42,331; net, $4,844
l**»July 1 to A u g . 31. 11908_____________ G ross, 37,930; net, 4,325
I n 1907-08,
Y e a r e n d in g Jun e 30 1909, gross, $279,231: net, $53,860.
gross. $282,581: net, $58,925: charge s, $56,132; bat., su r., $2,793. P re s.,
W . G . C h ild s, C o lu m b ia , S. C.
C O L U M B U S & S O U T H E R N R Y . — W y a n d o tt e , O ., a t a connection w ith
the P en n . B R . to S o u th B lo o m ln g v lllc , 34 m iles. S to c k au tho rized ,
$2,000,000. O w ne d M a rch 1908 b y Geo. E . W ilb e r. B o st o n , M a ss.
For
y e a r e n d in g Jun e 30 1909, gross, $12,483; net, $313.— (V . 83, p. 1290.)
C O L U M B U S & X E N I A R R . — O w n s from C o lu m b u s, O ., to X e n ia , O .,
55 m iles. O pe rated as a d iv isio n of the L ittle M ia m i, a n d Is leased for 99
y e a rs fro m D ec. 1869, In connection w ith th a t road , to the P it t sb u r g h C in ­
cin n a ti C h ic a g o & S t. L o u is, w hich p a y s 8 % on stock. T h e lease Is g u a r ­
an tee d b y P e n n s y lv a n ia H R . Co.
D iv id e n d s 2 - 5 % per a n n u m , from assets,
were d isco n tin u e d In 1901.— (V . 72, p. 532.)
C O M B I N A T I O N B R I D G E ( S I O U X C I T Y , I A.) .— O w n s steel b rid ge 1,940
f e e t lo n g o ve r M isso u ri R iv e r , w ith approaches, 1 m ile, used b y ra ilroa d s
a n d street cars a s a h igh w a y . S to c k , $1,500,000. M tg e . trustee, U n io n
T r u s t C o ., In d ia n a p o lis, In d .
P res., Jos. C . H e a d . L atro b e , P a .; Sec., F .
L . E a t o n , S io u x C it y , la . — (V . 78. p. 102, 286.)
C O N C O R D & M O N T R E A L R R . — F r o m N a s h u a , N . H . , v ia C o n c ord .
P ly m o u t h , & c., to G ro ve to n a n d the W h it e M o u n ta in s, 450 m iles In all,
In c lu d in g M a n c h e ste r & K een e, 30 m .; ow ned jo in tly , 414 m .; 35 m. double
tra ck .
O w n s C o n c o rd Street R y . , 1 1 m . ; also electric b ra n ch from C o ncord
to M a n c h e ste r, N . H . , 17 m iles, a n d N a s h u a & A c to n R R . , 20 m iles.
O n J un e 29 1895 leased to B o sto n & M a in e for 91 years a t ren tal of 7 %
pe r a n n u m on a ll stock. T h e stockh old e rs o n O ct. 13 1909 a u th o riz e d the
Issue of $250,000 a d d itio n a l sto c k to d evelop w a te r pow er. V . 89, p. 992.—
(V . 85, p. 864, 921; V . 86, p. 668; V . 89, p. 992.)
C O N C O R D & P O R T S M O U T H R R . — O w n s P o rts m o u th , N . H . , to M a n ­
chester, N . I I . , 40 Yi m .
Leased to C o n c o rd R R . In 1862 for 99 years; rental,
$25,000; 7 % on sto c k an d org. exp. O perated b y B o sto n & M ain e .
C O N N E C T I C U T & P A S S U A 1 P S I C R I V E R S R R . — W h it e R iv e r Jet., V t . .
to C a n a d a L in e , 110 m .; leases 999 years M a ssa w lp p l V a lle y , 37 miles.
L E A S E . — F ro m J an . 1 1887, leased to the B o sto n & Low ell for 99 years
on a b a sis to p a y C . & P . stoc k 5 % till J an . 1897 a n d 6 % thereafter.
S E C U R I T I E S . — M a ssa w lp p l sto c k receives sam e d iv id e n d s as stoc k of
lessee a n d $400,000 of It (not In clu d ed In the a m o u n t o u tsta n d in g) Is pledged
a s p a rt se cu rity for 4s of 1893. O f the $2,500,000 pref., $500,000, as also
$50,000 M a ssa w lp p l V a lle y R y . sto c k , are represented b y Co nn e cticu t T r u s t
& S a fe D e p o s it Co. of H a rtfo rd 5 % tru st certificates, u n d e r w hich the V e r ­
m o n t V a lle y has the right, for 45 years from A u g . 1 1885, to pu rch ase the
tru st stoc k a t p a r a n d Interest a n d In the m ean tim e receives a ll d iv id e n d s
a b o v e 5 % per a n n u m on the stoc k deposited In tru st.— (V . 57, p. 1040.)
C O N N E C T I C U T R I V E R R R . — O w n s from Sp rin gfie ld , M a ss., to Keene,
N . H . , 74 m .; B e llo w s F a lls to B ra ttle b o ro , V t ., 24 in.; b ranches, 6 m .; total,
104 m ., of w hich 50 double-tracked . C o n tro ls S u lliv a n Co. R R . , B e llow s
F a lls to W in d so r, V t . , 26 m iles.
V . 80. p. 1478; V . 81. p. 899, 1723.
L E A S E . — Leased for 99 y ea rs fro m J an . 1 1893 to the B o sto n & M a in e ,
a n n u a l ren tal (as am en d ed O ct. 10 1895) b e in g 1 0 % per a n n u m on ca p ita l
sto c k , p a y a b le d ire ctly to sto c kh o ld e rs; a lso Interest on b on d s a n d scrip a n d
$2,000 for o rga n iza tio n expenses.
Lessee p a y s a ll taxes, o p e ratin g e x ­
penses, & c., b u t lessor to Issue Its sto c k or b o n d s for perm an e n t Im p ro v e ­
m e n ts.— (V . 81, p. 899, 974, 1723; V . 83, p. 625; V . 87, p. 414.)
C O N N E C T I N G R Y . ( P H I L A D E L P H I A ) . — O w n s from G ira rd A v e . to
F r a n k f o r t Jet., P a ., 6 m .; N o r th P h lla . to C h e stn u t H ill, 7 m .; b ranches,
& c., 23 m .; to ta l. 36 m . V . 73, p. 390. S to c k a u tho rized . $5,800,000; o u t­
s ta n d in g , $3,613,650; all ow n e d b y P e n n sy lv a n ia R R . , w h ic h operates
ro a d un d e r lease te rm in a tin g F e b . 28 2862. D iv id e n d s 4 % y e a rly (J .& D .)
— (V . 75, p. 1354.)
C O O P E R S T O V V N & C H A R L O T T E V A L L E Y R R . — (S ee M a p D el. &
H u d .).— O w n s C h arlo tte C ro ssin g to D a v e n p o rt Centre, 4.51 m .; leases for
99 years fro m Jan . 1 1889, Co operstow n & S u sq . V a lle y R R . . Co operstow n
to C h a rlo tte C ro ssin g, w ith b ra n ch to Co operstow n Jet., 19.48 m ., g u a r a n ­
teein g Interest on la tte r’s $200,000 5 % bon d s. S to c k , $45,000, acqu ired
J u ly 1903 b y D el. & H u d .— (V . 77, p. 88.)
C O P P E R R A N G E R R . — C a lu m e t, M ic h ., to M a ss C it y , w ith b ranches;
to ta l, 82 m .; sid etracks, 33 m . S to c k , $4,003,700, of w h ic h $1,398,600
ow ned b y Co p p e r R a n g e C o nsolid a te d (M in in g ) Co.
B o n d s lim ited to
$20,000 per m ile of m ain line a n d b ranches a n d $15,000 per m ile of sid in gs.
O f the $2,025,000 bon d s o u tsta n d in g , $615,000 were In J an . 1909 held In
the tre asu ry of the C o pper R a n g e C o n so lid a te d Co.
V . 78. p. 228.
E A R N I N G S . — 12 m o s . J 1908-00.......... G ross, $ 7 6 6 /2 0 ; net, $224,007
i
J u ly 1 to J un e 30.
! 1 9 0 7 -0 8 ......... G ross, 807,322; net, 204,042
Y e a r e n d in g June 30 1008, gross, $807,322; net, $204,042; Interest, $149,­
850; bal., su r., $54,192.
Pres., W illia m A . P ain e ; Sec. a n d T re as., F re d ­
erick S ta n w o o d , B o st o n .— (V . 78. p. 228.)
C O P P E R R I V E R & N O R T H W E S T E R N R R . — P rojected from Co rd o v a,
A la s k a , on tidew ater, th rou gh the Co p p e r R iv e r V a lle y to Coppcrfleld s near
the C h ltln a R iv e r a n d the B e h r in g L a k e C o al fields, &c.
O f this, 80 m iles
of track had been opened In A u g . 1909 a n d a total of 200 m iles w as ex­
pected to be In o pe ration In the fall of 1910. A 58-m ile b ra n ch Is also to
be b u ilt In 1910 to K a t a lla a n d the coal fields.
U n d e rsto o d to be controlled
b y J. P . M o rg a n & Co. a n d the A m e r . S m e lt in g & R e fin in g Co. Interests.
S t o c k a u tho rized , $5,000,000; p a r o f sh ares, $100. I n A u g 1009 filed a
m tge . to secure a n Issue of $50,000,000 5 % 50-year b on d s.
V . 89, p. 410.
P re sid e n t, S. W . Eccles; V lc e -P r e s ., W . P . H a m ilto n ; Sec., W . E . B e n ­
n ett.
O ffice, 165 B r o a d w a y .— (V . 89, p. 410.)
C O R N W A L L & L E B A N O N R R . — O w n s L e b a n o n , P a ., to Co ne w ago,
21.66 m .; b ra n c h e s ,4.78 m .
I n 1901 the P e n n s y lv a n ia Steel Co. acquired
$540,000 sto c k ; rem ain d er m o stly ow ned b y L a c k a w a n n a Steel Co.
D I V 1 T o 1893. '94. '95. ’96. ’97. ’98. ’99. ’00. ’01. ’02 to ’06. ’07 ’08. 1009.
P . O . H - 4 K y ’ly 2
4
4
3
4 4M 5 5H
6 y ’ly
8 7
8
I n 1908-09, gross, $329,913; net. $99,727; other Incom e, $25,623;
charges, $42,517; d lv . ( 8 % ) , $64,000; bal., su r., $18,833.— (V . 89, p. 224.)




$500,000
5,000,000
1,050 000
473,000
350,000
2,500,000
1,900,000
400,000
350 ,000
3,226,100
1,000,000
290,000
969,000
800,000
1,000 ,000
1,109,000
200 000
2,025,000
800 ,000
764,900
2,500 .000
3,000,000
395,000
648,000
221,000
1,346.000
74,000
2 .859,000

Rate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B onds— P r in c i­
pal, W h en D u e
S tocks— L a st
D ivid en d

6
4
3>* & 4
3H
7
6
4 g
6
5
10
4 g
34S
3H
5
4H
3H g
5
5 g
5
8 in 1909
4
See text
See text
5 tr
6 g

J
& J
.1 & 1)
J
& I)
.1 & 1)
&
J
J
F & A
A & O
F & A
J
&
.1
J
& J
\1 & S
&
J
.1
&
J
.1
A & O
M & N
M 15 & S
M & N
A & O

Faneull Hall Bk Boston
Safe Dep & Tr Co Boston
Boston S D & Tr Boston
do
do
Manchester N H
Safe Dep <c Tr Co Boston
S
do
do
do
do
do
do
Boston, Mass
do
do
do
Safe Den & Tr Co Boston
Broad St Station Phlla
do
do
Nat Bk Cooperst’n N Y
Boston, Mass

Jan 1 1911
June 1 1920
June 1 1920
June 1 1920
July 1909 3 H %
Aug 1 1900 3 %
Apr 1 1943
Aug 1900 3 %
Jan 1 1911
July 1 1900 5 %
Sept 1 1943
Jan 1 1921
Jan 1 1923
Oct 1 1910
May 1 1913
Mch 15 1932
May 1 1018
Oct 1 1049

Seml-an.
A & O
Q— J 25
Quar
J
& I)
M & s

Co’s Office. Lebanon Pa July31 19095 %
Apr 1 1921
Checks mailed
Oct, 21 1907 1J*
do
Sept 1 1909 1
Farmers 1. & Tr Co N Y Dec 1 1925
Mch 1 1033
In default

6
6 g

2,613,500
2,6131.500
110,500
6 £
600,000
10,000,000 See text
8,800.000
ft G
T
15,00(1,000
5 g
1 ,000 ,000
• g
5
760.000
5

M
F

&
&

s
A
do

See text
J
&
J
■ & D l$
r
M & N
J
A D

do

Morton Trust Co N Y
New York Tr. Co., N. Y .
Guaranty Trust Co N Y
Fidelity Trust Co Balt

Mch 1 1955
Feb 1 1925
Mch 1 1957

Aug 2 ’09, 1
July 1 1952
June 1 1912
May 1 1921
Dec 1900 1918

C O R VA LL IS & EASTERN R R . — Owns Yaqulna to H oover, Ore., 141
miles. Land grant was 850.000 acres. In 1907 the Southern Pacific
acquired all thestock ($1,410,000) and $ 1 ,4 1 0 ,0 0 0 4 % bonds. V 84, p. 1427.
E A R N IN G S .— In year ending June 30 1909, gross, $280 ,01 4; net, $ 9 7 ,­
548. In 1907-08, gross, $244,315; net, $88,561.
Pres., J. P. O ’ Brien;
Treas., John W . Newkirk; Sec., H . F . Connor. Office, Portland, O re.—
(V . 84, p. 1427.)
“ COTTON BEL T. ” — Common name for S t. Louis Southwestern R y .
CRI PPLE C RE EK C EN TR AL R Y . — Divide, C ol., to Cripple Creek and
Florence, & c., 76 m .; Victor to Vista Grand, 6 m .; branches and spurs to
mines, & c., 45 m .; total, 127 m ., of which 47 m . standard gauge. Controls
Midland Terminal R y ., Florence & Cripple Creek R R ., Golden Circle R R .,
Canon City & Cripple Creek R R ., Colorado Trading & Transfer Co. See
V . 69, p. 851, 1011, 1103; V . 72. p. 984; V . 74, p. 880; V . 77, p. 1542.
Reorganization, per plan In V . 78, p. 2018; V . 77, p. 1542, of the Denver
& Southwestern, foreclosed Oct. 4 1904. V . 79. p. 1461.
ST O C K S A N D B O N D S .— Com. stock, $ 2 ,500,000; 4 % non-cum. pref.
stock, $3,000,000: par of shares. $100.
V . 82, p. 1156; V . 85, p. 1209.
D IV I D E N D S .— On pref., 3 % paid July 20 1905; Oct. 25 1905, 1%
(quar.); Jan. 1906 to Oct. 1907. 4 % yearly (1 % Q .-J .); 1908, Sept. 1. 3 %
for 9 mos. endingJJune 30 1908; Dec., t % ; 1909, M ch., 1 % ; June, 1 % ; S e p t.,
1% .
On com .. Oct. 25 1905, 3 % ; In 1906, 7 M % , lncl. 2 % extra; 1907,
6 % (Q .-J .); none since to Oct. 1909.
R E P O R T .— Report for year ending June 30 1909 In “ Chronicle” on or
about Oct. 30.
In 1908-09, gross earns, of roads controlled, $730,991; net
Income of roads over charges, $86,018; total net Inc. of parent co. above all
expenses, $181,709; dlv. on pref. stock ( 8 % ) , t$180,000; total surplus,
June 30 1909, lncl. $170,905 surplus of previous years, $172,615.
Pres.,
Henry M. Blackmer; V .-P ., Charles F. Ayer; Sec. & (Treas., John Gorlow.
Office, 49 Exchange Place, N . Y .
Directors, V . 79, p. 1461; V . 82, p.
1156.— (V . 87, p. 1532; V . 89, p. 847.)
CUBA EASTERN R R . — Owns from port of Bogueron at Granadlllo B ay,
on south coast of Cuba, northwest via Guantanamo to forest lands owned by
the Cuba Hardwood C o.. 43 miles; leases for 99 years Northeastern Cuba
R R . from San Prc to San Luis, 47 miles, with 6 miles of branches. Pro­
jected to Nine Bay and Manzanillo. Sold In foreclosure to reorganization
committee A u g. 1909 under first and refunding 6s of 1907. V . 89, p. 285,
666. The Guantanamo & Western R R . was Incorporated as successor In
Oct. 1909. V . 89, p. 1068.
Bondholders’ Com m ittee.— Bcnj. P. Cheney, Chairman; P. Chauncey
Anderson, 25 Broad S t., N . Y ., Sec.; New York Trust C o., N . Y ., and Old
Colony T r. C o., Boston, depositaries. V . 86, p. 420, 337, 1409; V . 8 8 ,p.294.
P L A N .— The plan of reorganization declared operative early In 1909
(V . 88. p. 294) provides for a merger of the allied companies with new cap­
italization as shown In the table above and. If desired, a voting trust to
hold the new stock for not to exceed 5 years. The $600,000 bonds are to
be offered at 8 5 % with a bonus of 2 5 % each In first pref. and common stock,
to provide for floating debt, reorganization expenses, 3 years’ Int. on the
bonds. Improvements, rolling stock and working capital. The Knicker­
bocker Trust Co. of N . Y . has underwritten $250,000 bonds on condition
that at least $200,000 additional arc disposed of.
The old mtge. bonds arc to receive 5 0 % each In 1st pref. and common
stock and the Cuba Eastern debentures 5 0 % In 2d pref. stock. There will
be left In the treasury about $136,500 of each class of stock.
Pres., Edgar Van Etten. Office, 66 B ’w ay, N . Y . — (V . 8 9 , p. 1068.)
CUBA R R . — Owns from Santa Clara, Cuba, to Santiago de Cuba, 356
miles; branches, Zaza Jet. to SanctI Splrltus, 8 miles; Alto Cedro to the Bay
of Nlpc, 31 m .; Ponupo branch, 11 m .; Jatlbonlco branch,5 y2 m .; Holguin
branch, 11 m .; Tana branch, S ) ( m . ; Bayamo branch, 13 m .; total, 444
miles. See V. 75, p. 1157, 1347.
Extension proposed from Santa Clara
to Havana, 170 m. V. 82, p. 1322. Road opened Dec. 8 1902. G ovt,
loan, $478,790 Ju e 30 1909; any balance not repaid by G ovt, transportation
service to be paid Dec. 15 1916 without Int. V . 83, p. 1093; V . 88, p. 944.
Stock authorized, $10,000,000 each of common and 6 % non-cumulatlve
nreferred: outstanding, common. $ 6 ,126,000: preferred. $ 1 0 ,0 0 0 ,0 0 0 ; par,
$100. First dividend on pref.. «1 H % . paid Aug. 2 1909.
Bonds, appli­
cation to list, V . 86, p. 921: V . 88. p. 451; V . 89, p. 162.
E A R N IN G S .— For 2 months ending vug. 31:
2 'M o n th s —
G ross.
N et.
Charges.
B a la n ce.
$100,112
$69,992
$30,120
1909............................................ $325,638
1908..................... ....................... 281,629
106,442
64,525
41,9 17
R E P O R T for year ending June 30 1909 was In V . 89, p. 664, showing,
gross earnings, $ 2 ,157,165; net over taxes, $950 ,08 9; Interest on bonds, <3co.,
$399,291; bal., sur., $550,798.
In 1907-08, gross, $2,039,468.
Pres., Sir William C. Van Horne: See., Herbert C. Lakln; Treas., Stephen
II. Voorhees. Office, 83 Montgom ery S t ., Jersey Cltv, N . J .; 170 B road­
w ay, New Y o rk .— (V . 88, p. 451, 944, 1619; V . 89, p . ‘ t62, 664.)
CUA1BERLAND CORPORATION — O R G A N IZ A T IO N .— A holding c o m ­
pany owning thestock ($10,000,000) of the Cllnchfield Coal Corporation
(V . 80, p. 2346, 2222, 224), which owns 285,000 acres of coal lands In Vir­
ginia, stock of the Carolina Cllnchfield & Ohio R y. and a block oi the Sea­
board Co. stock (see the two companies last named In this Section.)
Stock, common, $25,000 ,000 ; 6 % pref., $ 1 5,000 ,000 , all paid In. In
MUv 1906 sold $1 5,000 000 notes secured by stock of the Carolina Cllnchfield
& Ohio and Seaboard Co. (sec table above).— (V . 88, p. 944.)
C U M B E R L A N D & P E N N S Y L V A N I A R R . — Owns from Cumberland,
M d., to Piedmont, VV. V a ., and several branches, 57 miles. Owned and op­
erated by Consolidation Coal C o., which guarantees by endorsement the
first mortgage.
V. 52, p. 390. Stock. $1,500,000: par $100.
On Dec. 1
1907 purchased 1,523 cars from the Somerset and Fairmont coal companies,
assuming the car trusts Issued thereon, viz., $836,000 of Somerset Co. (see
table above) and $45,000 additional, which matured In series to May 1909.
V . 85. p. 1401. For year ending June 30 1909, gross, $770 ,68 9, against
$952,653 In 1907-08; net, $195,906, against $425,015; taxes In 1908-09,
$30,849 .— (V . 85, p. 1401.)

THE COLORADO & SOUTHERN RY



R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B o n d s— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d

5 g
3H
8
5
7
4 g
8 In 1909
4H g
4
8
3H g
5 g
9 In 1909
7
6g
4M g
4 g
4 g
4 g
4Xi g

ft D
ft O
Q— J
J
J
J
D
J
J
ft
J
J
.1
J
F
A
’
J— 1
F
ft A
ft
J
J
Q — M ch
M &
S
M ft
S
M ft
s
M ft N
.) 15 ft D
ft
J
J
ft
J
J

Cle v e lan d O
C in cin n a ti
do
J P M o r g a n ft C o N Y
Am er Exch N a t B k N Y
F a rm e rs L & T r C o N Y
C h ecks m a ile d
B ro a d S t S ta tio n P h lla
do
do
1 1 W S ta te S t .T ren ton , N J
M ech N a t B k , T re n to n N J
New Y o rk
O ffice 32 N a s s a u S t N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do

June 1 1922
O c t 1 1909 l k
O c t 1 1909 2 %
•Jan 1 1911
D e c 1 1909
J u ly 1 1949
J u ly 1 1909 4 %
J u ly 1 1932
Feb 1 1912
N o v 20 1909 2 %
A u g 1 1955
.Tilly 1 1957
Se p t 20 1909 2 H
Se p t 1 1917
Sep t 1 1924
\lc h 1 1942
M a y 1 1943
June 15 1916
1910 to 1914
J u ly 1 1922

4 g
4 g
4 g
a C linton
20 In '08
3
3
4
4 g
To 5 %
6 g
4 g
e
5 g

M ft N
do
do
ft
J
J
do
do
ft
do
do
J
J
ft B i n g R R , C o o p ft C h a ri V a lle y
See te x t 90 W e s t Street N e w Y o r k
J B ro a d S t S ta tio n P h lla
J
ft
J
J
do
do

M a y 1 1910 18
Jan 1 1940
Jan 1 1942
— See those cos
O c t 20 '09. 2 M
Jan 1 1932
Jan 1 1932

ft A P h ila d e lp h ia P a
F
People’s T r Co, B k l n . N Y
ft J C o lu m T r C o N Y & D c n v
J
M &
S N e w Y o r k or D en v ei
Sem i- an D e n v e r Col
J
ft j

Vug 1 1936
J u ly 1 1039
J u ly 1 1913
Sep t 1 1952
in years
J u ly 1 1926

I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r e xp la n a tion o f colu m n headings. & c ., see notes
on fir s t page o f tables.

M ile s
of
R oad

D a te
of
B on d s

S iz e, o r
Par
V a lu e

A m ount
O utstanding

29 1907
$1,000
See te x t
D a y t o n L e b & C i n R R & T e r m — F ir st M g red ( t e x t )..
1871
50 $2,401,950
D a y t o n & M ic h ig a n — C o m sto c k ( 3 H % g u a r C H & D )
1871
50
1,211,250
P referred (8 % gu a ran te e d C H 8c D ) e n d o rse d ........
142 1881
1,000
2,728,000
F irst m o rtg a g e g u a r p 8c 1 endorsed b y C H 8c D . . c
32 1879
1,000
225,000
■ Dayton & U n io n R R — F irst M sin k fu n d (n o t d raw n ) .c
1899
1,000
450,000
D a y t o n U n io n R y — F ir s t m tg e sin k fu n d c a ll a t p a r . F
249
25
2,987,225
D e la ware— S t o c k ----------- -------------------------------------------113 1892
1,000
500,000
G en eral m o rtg a g e g o ld _______ ______________ F P c*
54 1882
1,000
400,000
D e la w a re ft Ch esapeake 1st M a ssu m e d c u r r e n c y , .c
100
1.800 ,000
D e la w a re & B o u n d B ro o k — S t o c k 8 % gu P h lla 8c R e a d
34 1905
1,800 ,000
1,000
F irst m o rtg a g e $1,800,000 g u a ra n te e d ________ P e P
1907
500 6cc
4 570,000
D e la w a re & E a s te rn — 1st M g red begin J a n 1910. .x c *
_
_
____
100 42,400,000
D e la w a re & H u d s o n — S t o c k $55,711,500 (t e x t )-------_
_
1877 1,000 &c
5,000,000
F irst M on P e n n s y lv a n ia D l v ($10,0 00 ,00 0).U n ,c8 cr
14 1874
100 &c
500,000
S c h e n e c ta d y 8: D u a n e s b u r g first m o r tg a g e . ...........
57 1892
1,000
1.000,000
A d ir o n d a c k 1st M g o ld g u a r p & 1 end
. U s .c ‘ & r
1908 1,000 ftc 13,539,000
1st & ref M $50,000 000 g sf red 1 0 7 H b e g’1 8 _ x c * ftr‘
_
_
1906
1,000 13,977,000
D e b e n tu re s 514,000,000 go ld c o n v (see t e x t ) . . c * f t r
_
_
1900
E a u lp m e n t deb $2,500,000 $200,000 a n n u a lly Jan 1
10,000
900,000
_
_
1907
E q u ip 1st lien b o n d s $10,000,000 g s f — Usm,xc*<5cr
1,000 10,000,000
G uaranteed S ecurities—
_ '01-02
_
H u d s o n C o a l C o dob g u a r p & 1 end p a rt due y e a rly
1,000
1,700,000
1890
1 ,000
300,000
B lu ff P o in t L a n d Im p ro v e m e n t C o 1st M g g u ------c*
1902
C h a t O re 8c I re fu n d in g m o rtg a g e call 105------N c * &
1,000
1 .300,000
A lb a n y 8c S u s q u e h a n n a R R , N Y & C a n a d a R R , Oh ateaug a y & I, ake P la cl d R R . U tic
'
50 30,277,000
D ela w a re L a c k a w a n n a & W e ste rn — S to ck $30,277,000
39 1860
A ll
185,000
D ela w a re M a r y la n d & V ir g in ia — June 8c B — 1st m tge
19 1874
A ll
200,000
B r e a k 8c F r a n k 1st M to Sta te red since Jan 18 9 5 ..
650,000
i .666
10 1896
1 .300,000
Del R iv e r R R & B rid g e — 1st M go ld gu p & 1 . . . G P . C *
1909
100 ftc
See text
D e n v B o u ld e r & W e s t — In c t s t M $800,000 a u red pa r
_
_
1,000
1909
See text
D e n v e r L a r & N o rth w— 1st M g red 102 b eg J u ly 'lO . c *
1,000
See text
210 1902
D e n v e r N o r t h w & P ac— 1st M $22,500,000 g — M c .c *
See text
100 ftc
C o n tin e n tal T u n n e l 1st M $5,000,000 go ld g u a r p8d
6
2,025,000
100 38,009,000
100 45.779.8UO
Preferred sto c k 5 % n o n -cu m tila tiv e $5 0,00 0,000 .T r
F ir s t ft ref M $150,000,000 go ld red t e x t . . B a x c * f t r * 2.529 1908 $ & m k s 27,944.000

J
A

ft
ft
ft
ft
ft

5 In 1909 J
5 g
F

&
ft

j O ffice 195 l i ’w a v N Y J u ly 15 1909 2 H
A B a n k ’ T r Co, N Y ft P eri A u g t 1955

C U M B E R L A N D V A L L E Y R R . — See P en n sy lv an ia R R .

Sto ck h o ld e rs F eb . 10 1006 authorized Increase of the sto c k b y $7,000,000
to p rovid e for exchange of an Issue of $14,000,000 of 4 % 10-year debentures
d ated Ju n e 15 1006, w h ich w as su b scrib ed b y stockh old ers a t par. T h e
K a n . & T e x . R R . , to Cleburn e. 10 m . Leased to M o . K a n . & T e x . R y . V .
debentures are ex changeable for stoc k a t the rate of $500 stoc k for $1,000
76, p.48. B o n d s a u th ., $150,000 1st m tge. 30 -year go ld 5s, due J an . 1 1933; debs. b tn . June 15 1907 a n d 1912, Ino. V . 81, p . 1848; V . 82. p. 687.
V . 83, p. 213. Pres., B . P . M c D o n a ld . Cleb u rn e, T e x .— (V . 83, p. 213.)
T h e equ lpt. lien 4)48 of 1007 ($10,000,000 Issue) have an a n n u a l sin k in g
o
a d d i­
D A Y T O N LE B A N O N & C I N C I N N A T I R R . & T E R M I N A L CO.— See p.170 fu n d of. $650,000 toe pu rch ase bm n d s of Vthe Issue, other securities or 1082.
tio n al equip, to com u nder the tge.
. 84. p 1247, 1307; V . 85. p.
O n M a y 12 1008 the stockh old ers authorized a first and refu n d in g m o rt­
D A Y T O N & M I C H I G A N R R . — O w n s D a y t o n , O ., to T o le d o Ju n e., O .,
141.82 m .; tra ck a g e In to T o le d o, 0.02 m . Leased M a y 1 1863 In perpe tu ity, g a g e for $50,000,000, b e a rin g n ot over 4 % In t. an d ru n n in g 35 years, a n d
to C ln . H a m . & D a y t o n .
L ease m odified Ju n e 23 1870. R e n t a l Is m ain te ­ su b ject to red em ptio n a s a n en tirety o n ly a t 107 M on a n y In t. d a y , b e gin n in g
M a y 1 1018. O n e per cent of the a m o u n t of b o n d s o u tsta n d in g Is to be pa id
nance of o rga n iza tio n , In t. on b o n d s a n d 8 % on pref. stoc k a n d 3 H % on
to the trustee Ju n e 1 a n n u a lly from 1009 to 1042, to be used to purchase
com .
G u a r a n t y on pref. Is secured b y m tge. of 1871, b u t the pref. carries
b o n d s or for Im p ro v e m e n ts an d extensions. O f the Issue, $6,500,000 w ill be
n o v o t in g pow er. V . 56, p. 813. M tg e of 1856 is held a liv e un d er m tge . of
reserved to retire the o u tsta n d in g 1st M . b o n d s a n d $3,500,000 for Issue
881, C . H . & D . reserved notes of 1008 to retire b o n d s.— (V . 88, p . 563.)
after M a y 1 1009, I n J u ly 1908 the co. ap p lie d fo r perm ission to sell $20,­
D A Y T O N & UNION R R . — O w n s fro m D o d so n , O ., to U n io n C it y , In d . , 000,000 to d isch arge o u tsta n d in g o b lig a tio n s m a t u r in g d u r in g 1008 o r for
32 m iles; leases D a y t o n to D o d so n , 15 m iles; tota l operated, 47 m iles.
co nstru ction w o rk In progress, a u th o r ity b e in g g iv e n In J u ly 1008 to Issue
T h e Cleve. C ln . C h ic . & S t. L o u is a n d C ln . H a m . ft D a y t o n Jointly ow n the
$13,309,000 a n d In D e c. 1908 $230,000. T h e a p p lica tio n to Issue the r e ­
$86,300 stock. T h e a m o u n t rcau lre d for red em ptio n of b on d s a t their m ain d e r of the b o n d s w a s denied, b u t the C o u rt In Se p t. 1909 reversed the
m a tu rity Is a lre a d y In s in k in g fu n d .
Y e a r end. O c t. 31 1908, gro ss, $154,­ decision. A n a p p e a l h a s been take n . V . 86, p. 981, 1409, 1S89; V . 87,
720; net, $17,453: oth. Inc., $10,203; charges, $48,716; b a l., def., $21,060.
p. 06, 480, 1419, 1604; V . 89. p. 847.

D A L L A S C L E B U R N E & S O U T H W E S T E R N R Y . ~ O w n s E g a n , on M o .

D A Y T O N UN ION R Y . — U n io n depot a t D a y t o n , O . U se d b y P itts.
C ln . Ch ic. & S t . L ., Clev. C ln . C h ic . ft S t. L ., C ln . H a m . & D a y t o n , D a y t o n
& U n io n R R . a n d E rie R R . , u n d er lease w h ich p rovid es th a t Interest on
b on d s a n d other expenses be d iv id e d between them on train basis. S to c k ,
$321,000, a ll com
Pres., W . C . B ro w n , N e w Y o r k ; Sec.. W . F . S t a r k ,
D a y t o n . O . O ffice. C in c in n a ti, O .— (V . 73, p. 1312.)
D E L A W A R E R R . — (S ee M a p s P en n sylva n ia R R .)— Sh e llp o t C ro ssin g ,
D e l. to D e lm a r, M d ., 05.20 m iles; branches, C e n tre lin e , M d ., to T o w n se n d ,
D e l., 34.00 m .; C la y to n , D e l., to O x fo rd , M d ., 54.27 m .; Sea ford , D e l., to
C a m b rid g e , M d ., 32.06 m .; M a sse y s, D e l., to C h estertow n , M d ., 20.52 m .;
other b ran ches. 10.08 m .; total. 248.02 m iles. V . 67, p. 1356.
Leased till M a y 1 1027 to the P h ila d e lp h ia B a ltim o re & W a sh in g to n ,
w hich o w n s $1,664,475 of the stock: ren tal net ea rn in gs— see V .6 4 , p. 1000.
D Iv s . 1898 to J u ly 1006, 6 % yea rly ; 1007, 8 % ; 1008, 8 % ; 1900, 8 % .
In
year e n d in g O c t. 31 1908, gro ss, $2,658,576; net, $680,836; other Incom e,
$42,044; Interest, hire of e q u lp m 't, & c., $474,550; d lv s. ( 8 % ) , $238,078;
ex trao rd . exp. fu n d , $200,000; b a l., su r., $10,244.— (V . 88, p. 563.)

D E L A W A R E & B O U N D B R O O K R R . — O w n s fro m B o u n d B r o o k (C e n ­
tral of N . J.) to D e la w a re R iv e r , 27.02 m iles; b ra n ch to T re n to n , 3.74 m .;
second track , 27.02 m .; th ird track , 0.02 m .; a ll track , 87.36 m .
In M a y
1870 leased fo r 090 y e a rs to P h lla . & R e a d in g R R .
R e n t a l, $213,000, p a y ­
in g In t. a n d 8 % o n stock; lease a ssu m e d b y P . & R . R y .— (V . 81, p. 210.)
D E L A W A R E & E A S T E R N — See page 170.

E A R N I N G S . — 8 m o s.,/1 9 0 9 _______G ro ss, $12,473,593; net. $4,708,503
(1 9 0 8 _______G ro ss, 11,880,600; net, 4,483,424
J an . 1 to A u g . 31.
N e t from co al d ep a rtm en t, $537,359 in 1009, a g a in s t $605,$45.
R E P O R T . — F o r 1908, In V . 88, p. 938.
Y ear en d . D ec . 31—
1908.
A n th ra c ite co al carried (to n s ).
9,165,689
G ro ss e a rn in gs of r a ilr o a d s_$ 18,500,731
N e t (ra ilro a d s)...............
7,689,010
C o a l d ep a rtm e n t (n e t)_ 1,145,418
O th e r In c o m e ..............
1,504,675

1907.
10,025,312
$20,165,440
8,471,011
1,173,206
1,564,301

T o ta l net in co m e ................. $10,339,104
M isce llan e o u s r e n t a ls .............
1,897,628
In t . , tax es a n d m isce lla n e o u s. 3,187,018
D iv id e n d s on s t o c k ........... ( 9 % ) 3,816,000

$11,208,518
2,353,528
2,380,816
(9)3,816,000

I n c . or D ec.
D e c.
859,023
D ec. $1,064,706
D ec.
782,001
D e c.
27,787
D eo.
59,026
D e c.
D ec.
In o .

$809,416
455,899
797,202

B a lan ce , su r p lu s ................... $1,438,458
$2,650,173 D e c. $1,211,715
T h e e a rn in gs of the co al d e p a rtm e n t In 1908 were $23,847,116; expenses,
$22,701,698; net, $1,145,418. I n 1907, $23,594,415; net, $1,173,200.
O F F I C E R S . — P res., L . F . Loree; C h a ir m a n E x e c. C o m m ., R . M. O ly ­
p han t; V . -P ., C h a s. A . P e ab o d y : 2d V . -P ., C . S. Sim s; 3d V . - P . , W . H .
W illia m s; T re as., C. A . W a lk e r; Sec., F . M . O ly p h a n t , 32 N a ss a u S t ., N . Y .
M a n a g e r s— R o b e rt M . O ly p h a n t, C h a u n c e y M . D e p cw , J o h n Jaco b
A sto r , L . F. Loree, W illia m S . O p d y k e , J. R o g e r s M a x w e ll, Co rn e liu s V a n ­
derb ilt, R . S u y d a m G ra n t, G eorge I. W ilb e r, C . A . P e a b o d y , E . H . H a r rlm an , D u m o n t C la rk e a n d J a m e s A . L in e n .— (V . 89. p . 847, 10 8 6 .)

D E L A W A R E & HU DSO N CO. — (S ee M a p . ) — O pe rates ra ilro a d lines
from W llk e sb a rrc , P a ., v ia A lb a n y , N . Y . , to R o u s e ’s P o in t, on C a n a d a
line, w ith bran ches, 845 m iles In all. V . 68. p. 871.
L in e s owned—
M ile s . | L in es leased— 'S e e these cos. M ile s
DELAWARE LACKAWANNA & WESTERN RR.— (S ee M a p . ) — O p e r­
L a c k a w a n n a & S u s q u e h a n n a ____ 22 |‘ A lb a n y & S u s q u e h a n n a ________ 142 ates m ain line from H o b o k e n , N . J ., op p o slto N . Y . C it y , to Bu ffalo . N . Y . .
V a lle y R R . of P a ...................
17
|‘ R e n sselae r & S a r a t o g a .................102 ., w ith bran ches to an th ra cite region , & c.. 547 m .. viz.: ( ‘ see this co.)
410 m
H o n e sd a le B r a n c h ______________ 27 ‘ C h a tc a u g a y ft L a k e P la c id R R . 80
L in e s Leased (C on cl.)—
L in es owned—
M ile s .
Sc h e n e cta d y & M e c h a n lc v llle ____ 10 ‘ U n io n R R _______________________22
N . J. S ta te line to N . Y . lin e ___114 • U tic a C h e n a n go & S u sq u e h a n n a 97
C h e rry V a l. S h a ro n & A l b a n y . . 2 1 1‘ Jefferson R R . (tra c k a g e )______ 35
B ra n c h to N o r th u m b e r la n d ______ 80 • V a lle y R R . of N e w Y o r k ..........11
N e w Y o r k ft C a n a d a ....................1501 O ther lin e s.................................... 50
L in es controlled and o p e r .— M ile s .
H o p a t c o n g ____________________
1
• Sch e n e ctad y & D u a n e s b u r g ------ 14
E rie ft C e n tra l N e w Y o r k ............ 18 • Sy rac u se B in g h a m to n & N . Y _ _ 81
A d ir o n d a c k R y ......................... 5 7 1
S y ra cu se & B a ld w ln sv llle R R _
_
1 S u sse x R R ------------------------------------- 31
•C oop erstow n & C h arlo tte V a lle y 4 |
----B a n g o r ft P o r tla n d R y ................. 38
L in es leased— (See each co.)
B ra n ch e s a n d s p u r s ______ ______
21 T o ta l operated J an . 1 1009— 845
• M o rris & E sse x a n d leased brchs.176 L a c k a w a n n a ft M o n tro so R R . . . 11
A lso leases U t ic a C lin to n & B in g h a m to n a n d R o m e ft C lin to n R R . , 44
7
• N . Y . L a c k a w a n n a 8s W e s te m .2 1 4 H a n o v e r ft N e w p o rt R R _______
m iles, su b -le t to N . Y . O n ta r io ft W e ste rn . T h e c o m p a n y ow n s the Q uebec
• C a y u g a ft S u s q u e h a n n a ..............34
M o n t re a l & S o u th e rn R y . , w h ic h ex ten d s fro m S t. L a m b e rt, oppo site
T o ta l operated J an . 1909_____ 057
Greene R R .................................
8
M o n tre a l, t h ro u g h Sore l to P lcrre v llle , a n d from N o v a n J u n ctio n to S t.
•O sw ego 8s S y r a c u se _____________35
R o b e rts J u n c tio n o n the aforesaid line, a to ta l of 144 m iles; a n extension
C u t-o ff between Slate fo rd , P a ., an d P o r t M o rris, N . J., u n d er c o n ­
fro m P lerrevllle to S t . P h llo m e n e , 48 m ., w a s co m pleted In Ju n e 1009.
stru ction , re q u irin g a b o u t three y e a rs to b u ild , w ill shorten line 1 1 H m iles.
T h e line w ill be u ltim a te ly co n tin u ed to L e v is, co n n e ctin g w ith the Q uebec
V . 8 6 ,p .5 4 3 . T h e new tu n n e l th ro u g h B e rge n H ill, N . J ., X of a m ile, w as
B rid g e a t C h a u d lc re Jet., a to ta l d istan ce of 50 or 52 m . V . 81, p. 1610;
opened fo r tra ffic F e b 14 1909. V . 88, p. 604.
V . 83, p. 370; V . 84, p. 338, 623. O n M a y 23 1008 the N e w Y o r k & C a n a d a
R R . w a s m erged , a n d In J u ly 1008 the C h e rry V a lle y S h a r o n & A lb a n y R R .
H I S T O R Y . ftc.— O rig in a l c o m p a n y chartered In 1832: present title a s ­
I n F eb . 1005 a h a lf Interest In the sto c k of the Sc h e n e cta d y R y . , 116 miles,
su m ed In 1853. I n A p r il 1903 the entire sto c k of the N . Y . 8c H o b o k e n
w as p u rch ased . V . 82, p. 687. O w n s $12,400,600 of the $12,500,000
F e r r y Co. w a s pu rch ased . V . 78, p. 815.
sto c k of the U n ite d T ra c t. Co. of A lb a n y , w hich In D ec. 1906 a cqu ired m ost
I n June 1909 the D . L . ft W . C o a l Co. w a s In corpora ted w ith $6.­
of the sto c k a n d b o n d s of the H u d s o n V a lle y (E le ctric ) R y .
V . 81, p
800,000 au th o riz e d sto c k to a c t a s se llin g a ge n t for the c o m p a n y 's coal In
1550. 1610; V . 84, p. 51.
P e n n sy lv a n ia , the ra ilro a d stockh old ers b e in g p erm itted to su b scrib e for
Its stock pro r a ta to the e x ten t o f 2 5 % of their h o ld in gs. See e x tra d i v i ­
H I S T O R Y . ftc.— T h is c o m p a n y w a s chartered A p r il 23 1823. I t Is one
dend below . V . 89, p. 41.
of the largest m iners of an th ra cite coal. T h e H u d so n C o al C o ., whose
sto c k Is ow ned, controls coal la n d s h a v in g In 1008 an estim ated tonnage
S T O C K . — S to c k w as In J u ly 1909 au th o riz e d to be In creased fro m $26,­
of m ln a ble co a l of 423,265,353, a n d In Ju n e 1900 agreed to pu rch ase the
200,000 to $30,277,000, to pro v id e 1 5 % sto c k d iv id e n d ($3,930,000) a n d
entire present a n d future coal ou tp u t of D . & H .
V . 86, p.913; V . 88, p.1499. fo r m erger of tw o su b s id ia r y cos. V . 89, p. 41, 348.
D I V ’D S — J *87. ’88. ’80 to ’06. *07 to ’00. ’01 to ’06. '07. ’08. 1900,
D I V ’ D S — J ’85. ’86 to '03. ’04. ’05. ’06. ’07. ’08.
1909.
S i n c e ’8 6 - % \ 5
6
7 yea rly
5 y e a rly
7 y e a rly
0
0
0
Sin ce ’8 1 . % \ 8 7 H 7 yea rly . *17 ‘ 1 9 M *20 *20 *2 0 2 W , 2 M . 6 2 « % . ( 2 > i )
D iv id e n d s In 1000 fixed a t 9 % , p a y a b le q u a rte rly . V . 88, p. 52.
•T h e q u a rte rly d iv id e n d w a s Increased from 1 M to 2 V $ % In A p ril 1005;
S T O C K . E T C . — I n 1900 $200,000 sto c k w a s retired b y s in k in g fu n d ,
a n e x tra 1 0 % w a s pa id In D e c. 1904 to 1908 In clu siv e .
I n J u ly 1909 a
$147,500 In 1901, $138,600 In 1002, $100,000 in 1903, $417,100 In 1904. special cash d lv l end of 5 0 % w a s p a id , o n e -h a lf b e in g a pplica b le , If desired,
$50,000 In 1905, $228,500 In 1906. N o n e since to O c t. 1009. C o m p a re
to su b scrip tio n of sto c k of new D . L . 8c W . C o a l Co. se llin g a ge n cy ; also
V . 68, p. 926, 1180.
1 5 % stock d iv id e n d , p a y a b le A u g . 2 1909.
V . 89, p. 41, 224.
S to c k h o ld e rs M a y 0 1005 au thorized Increase of $5,000,000 sto c k fo r con
E A R N I N G S . — 12 m o s . J 1 9 0 8 -0 9 . ..G ro ss, $33,553,435; net, $15,075,722
versio n , a t o p tio n of holders, to A p r il 1 1916, of $10,000,000 A lb a n y ft Susq.
J u ly 1 to Ju n e 30.
(1 9 0 7 - 0 8 ..-G r o s s , 33,810,253; net, 14,140,713
3 u % b on d s, d ate d A p r il 1 1006, on the b a sis of $500 sto c k for $1,000 of
b on d s. T h e b o n d s wete so ld a t p a r pro r a ta to D . & H . sto c kh o ld e rs to
F o r 2 m os. e n d in g A u g . 31 1909, gross, $6,055,424,a g a in s t $5,475,010;
refund the A lh a n y ft S u sq . 6s a n d 7s.‘effectlng a m aterial s a v in g of interest.
net, $2,883,130, a g a in s t $2,324,251.
I n 1009 the A lb a n y & S u s q . stockh old ers w ere held b y h igh e r Fed era l C o u rts
to be entitled to the benefit of th is refu n d in g. V . 85, p. 721; V . 83. p. 1036;
A N N U A L R E P O R T . — A n n u a l m e e tin g is held on T u e sd a y p re c e d in g list
V . 80, p. 1174, 1362, 2343; V . 88, p. 938, 1499; V . 89, p. 1068. T o Se p t.
F r id a y In F e b ru a ry . T h e repo rt fo r 1008 w a s In V . 88, p. 558. C o m p a rt
1909 $3,555,000 b on d s h a d been co nve rte d In to D . ft H . stock.
so n s w ith earlier y ears are In accu rate o w in g to chan ges In m eth od of ac-







R A IL R O A D S
F o r exp la n a tion of colu m n headings, & c ., see notes
on fir s t page of tables.

M ile s
of
R oad

& Rio Qrande — (Concluded)
F irst co n s m o rtg a ge for $42,000,0001

D a te
of
B onds

S iz e , or
Par
V a lu e

I N T E R E S T OR D I V I D E N D S
Am ount
O utstanding

R ate
%

W hen
P a y a b le

Bonds— P r in c i­
pal. W hen D u e
Stocks— Last
D ivid en d

W here P a y a b le, and by
W hom

Denver

J 1.667
11,667
1,667
180
R io G ra n d e J u n c tio n first m o rtg a g e g u a r- - „ „ „.
62
R io G ra n d e W este rn 1st M gold ( V 69 p 284). Ce c *
435
F ir s t co ns m tge redeem a t p a r (see text) g _ M o .c*
669
U ta h C e n tra l 1st M g u a r (V 68 p 724) g o ld ___ M o
36
U ta h Fuel Co 1st M $2,000,000 redeem a t 1 1 0 -M o
—
P le a sa n t V a lle y C o al 1st M s f redeem a t 1 1 5 .- M o
. . .
S a lt L a k e C it y U n io n D e p o t & R R — See th a t Co.
E q u ip m e n t b on d s Series A go ld $75,000 due se m l-an
—
do
do
Series B red 101 g $75,000 d u e s a
—

1886
1886
1888
1890
1889
1889
1899
1898
1901
1898
1903

$500 A c $3 3,917,000
1,000
6,382,000
500
8,335,000
1,000 *2,277,000
1,000
2,000,000
1,000 A c 15.190,000
1,000 fee 13,974 ,000
1,000
390,000
1,000
720,000
1,000
1.042,000
1,000

Dcs Moines & Fort Dodge— Common stock___

Preferred sto c k 7 % n o n -cu m u la ttv e _______________
—
F irst m o rtg a ge gold g u a r p rln A In te r e st.. .C e .c * A r
138
Se c on d m tge $1,000,000 go ld redeem a t 105_____ Ta
—
lie s M o i la F & No— See S t. P a u l & D e s M o in e s—
D e s M o in e s U n io n — F irst M for $800,000 g o ld - . C e . c *
5
Detroit Grand Haven & Mil w— F ir st equ ip M g u a r - . c *
C o n so l m o rtgage gu a ran te e d ____________________ c *
Detroit Hillsdale & S \V — S t o c k 4 % ren tal L S A M S
65
Detroit Grand Rapids & Western— See Pere M a r q u e tt e R R
Detroit & M a c k in a c — P re f sto c k $1.000,000 a u t h _____
" F i r s t H e n " 81,500,000 g o ld ............
M o.c*
" M o r t g a g e b o n d s” $1,750,000 g red a t p a r . . .M o .c *
All
Detroit T o led o & (ro n ton — C o m sto c k (V . 80, p. 650)
F irst pref 4 % n o n -cu m (pref a s to assets) $7,500,000
____
Secon d preferred 5 % n o n -c u m u la tlv e $5,000,000_
_
____
D e tro it S o u th e rn — O h io So u th D iv is io n m t g e .-C e
263
G eneral lien & d iv isio n 1st M $4,253,000 g o ld . . N .c*
All
C o n so lid a te d m o rtg a ge $22,500,000 g o ld ...........K .c * T e x t
N o te s for A n n A r b o r redeem 102
y e a r ly _____U sm
—
E q u ip trust notes g ( V 82 p 99) $207,000 y r ly . - T a
D e tro it So u th e rn ca r tru sts due $40,000 y e a r ly ___
.. .
x O f w h ic h $1,677,000 In treasu ry; there are a lso

too
—

1905
1906
1887
18/8
1878
—
—

1895
1895
______
______

1901
1905
1905
1905
1905
—

100
1,000
1,000
1,000
1,000
200 A c
100
100
1,000
1,000
100
100
100
1,000
1,000
1,000
1,000
1,000
1,000

525,000
4M g
1,200,000
5 g
4,283,100
763,500 5 In 1909
3,072,000
4 g.
600,000
5 g
671,000
2,000,000
3,200,000
1,350,000

5 g
6
6
4

M
M

A
A
A
A
A
A
A
A
A
A

J N a t io n a l P a r k B a n k , N Y
.1
do
do
D
do
do
J M a it la n d , C o p p e ll, N Y
D
do
do
J M o rto n T r u s t C o N Y
()
do
do
()
do
do
S
do
do
J
do
do

A
A

N B la ir A C o , N e w Y o r k M a y ’lO - M a y ’l®
S
do
do
M c h ’lO -S e p *17

A u g u s t 25 B r o a d Street N
&
J
J C e n tra l T r u s t C o N
A A o
M
A
A

J

950,000 5 In 1909 J
1,050,000
•
r
4 g
1 ,250,000
4 g
12,500,000
7,500,000
5,000,000
4,495,000
M
4 g
4,253,000
4 g
.i
2,776,400
4fcJ g F
5,500,000
5
J
1 656,000
4H P J
12 ),000
4>4 g A

Jan
J an

1 1936
1 1936

J u ly 1 1940
Dec 1 1939
.July 1 1939
J a n 1 1917
M c h 1 1931
J u ly 1 1928

Y A u g 2 1909 5 %
Y J an l 1935
A p r 1 1935

A
A
A
A

N C e n tra l T r u s t C o N Y
O New Y o rk and London
()
do
do
J F a r m e r s' L A T r C o N Y

A
A
A

J H K M c I Ia r g N e w Y o r k J u ly 1 1909 2 H
1) J P M o r g a n A C o N Y J u n e 1 1995
D
do
do
June 1 1995

A
A
A

S
D
A
1)
D
O

A

A

A

Se p t ’09 coupon n ot p a id
I I . B. H o llin s A Co, N Y
A u g ’07 coup la st paid
D ' c ’07 co u p la st paid
11 B H o llin s A C o N Y
M erc T r u s t A D c p C o B a l

Nov
Nov
Nov
J u ly

1 1917
14 1918
1 5 19 18
5 1909 2 %

M ch 1 1941
Dec 1 1955
A u g 1 1980
Dec 1 1908
T o J u n e 1915
T o O c t 1 1912

$2,233 ,000 njot gu a ra nteed

co u n tin g.
T h e fo llo w in g In clud es a ll lines except S y ra c u se B in g h a m to n A
N . Y ., S u s se x R R . t B a n g o r A P o r tla n d a n d L a c k a w a n n a A M o n tro se R R .
Y ear ending D ec. 31—
1908.
1907.
1906.
P asse n ge r e a rn in g s_________________ $6,449,032
$6,757,596
$6,216,624
F re ig h t e a rn in g s___________________ 24,408,710 26,597,224 23,245,274
M is c e lla n e o u s ______________________
2,040,753
3,909,653
3,500,981

C o a l d e p a rtm e n t (n e t)______________
O th e r m iscellan eous In c o m e ________

$32,898,495 $37,264,473 $32,962,879
$13,249,939 $14,375,034 $12,490,438
4,166,793
•4,224,921
•3,655,119
1,513,458
940,234
844,255

In te re st a n d re n ta ls________________
R e n ta ls, a d va n ce s, A c ______________
R e n e w a ls a n d b e tte rm e n ts_________
D iv id e n d s (1 0 % ) ............
E x t r a d iv id e n d ( 1 0 % ) ......................

$18,930,191 $19,540,189 $16,989,812
$5,160,140
$5,309,958
$5,368,196
291,323
320,816
242,926
2,781,603
3,820,088
5,551,619
2,620,000
2,620,000
2,620,000
2,620,000
2,620,000
2,620,000

B a la n ce , su rp lu s a fter d iv id e n d s .. $5,457,125 $4,849,327
$587,071
• E a r n in g s of the coal d e p a rtm e n t In 1908, $41,487,555: expenses, $37.­
320,763; net, $4,166,792: 1907, $42,184,935; expenses, $37,960,014; net,
$4,224,021; 1906, ea rn in gs, $38,564,171; net, $3,655,119.
O F F I C E R S . — Pres., W . H . T ru e sd ale; Sec. a n d T re as., A . D . C h am b e rs
90 W e st S t ., N . Y .
B O A R D . — Fre d k . W . V a n d e r b ilt, W m . H . M oore , E u g e n e H ig g in s ,
H e n ry A . C. T a y lo r , J. R o g e rs M a x w e ll. Geo. F . B a k e r, W m . Rockefeller,
H a m ilto n M c K . T w o m b ly , Jam e s S t illm a n , M . T a y lo r P v n e , H a rris C.
F a h n e sto c k . F ra n k W o rk . J o h n D . Rockefeller J r . , W illia m F a h n e s to c k .—
( V . 88, p. 504, 558, 944, 1619, V . 89, p. p. 41, 224, 348.)
D E L A W A R E M A R Y L A N D & V I R G I N I A R R . — O w n s from H a r r in g to n
to F r a n k lin C it y , V a .. 78 m iles; G eorgeto w n to R e h o b o th , D e l., 21) m iles;
to ta l, 98 miles.
C o n trolled b y P h lla . B a lt. & W a sh ., w hich ow n s $326,200
of the $526,758 sto c k (par $25), a n d so b y P en n . R R .
See V . 50, p. 498.
In year e n d in g Dec. 31 1908, gross, $323 835; net, Incl. other Incom e. $15,­
610; Interest, taxes, fe e ., $60,229; b alance, deficit for year, $4 4 .6 1 9 — bu t
th is does not In clud e Interest on flo a tin g d eb t (of $822,985 D ec. 31 1908).
D E L A W A R E R I V E R R R . & B R I D G E C O .— F r a n k fo r d Jet., P a ., to
P e n sa u k e n , N . J., and branches, 9.52 m iles.
C a p ita l sto c k ($1,300,000) Is a ll ow ned b y the P e n n sy lv a n ia R R . , w hich
gu a ran te e s bonds, p rin cip a l and Interest, b y endorsem ent.
D iv id e n d s;
D ec. lo o o to June 1906. incl.. 4 % y e a rly (2 J . A D . ) ;Dec. 1906. 3 % • 1907
Ju n e, 3 % ; D ec., 2 % : 1908, 6 % (J. & D .); 1909, J u n e 26, 2 % .
S in k . fund.
1 % ; b o n d s c a n n o t be called.
G u a r a n t y , V . 63, p. 1062, 1159; V . 83, p.1524’
D E N V E R L A R A M I E & N O R T H W E S T E R N R Y . — Projected to extend
from D e n ve r, Col., to coal fields In C a rb o n Co., W y o ., 220 m iles, of w hich
20 m iles from D e n v e r to B rig h to n opened A u g . 1909; 55 m iles, between D e n ­
v e r a n d G reeley expected to be operated b y J an . 1 1910. S t o c k (?)
I n A u g . 1909 filed m tge . to In te r n a tio n a l T r u s t Co. of D e n v e r, a s trustee,
to secure a n Issue of $3,300,000 bon d s, issuable a t $15,000 per m ile.
V. 89,
p. 593, 922. P resid en t, Ch arles S. J oh n so n , D e n v e r; V ic e -P rc s. a n d Gen.
M g r . W illia m E . G reen.— (V . 89, p. 593, 922.)
D E N I S O N B O N H A M & N E W O R L E A N S R Y . — B o n h a m Jet. to B o n ­
ham . T e x., 24 miles. O pe rated since co m pletion . Dec. 1 1901, b y the M o .
K a n s . A T e x . u n d er a 10-yr. co n tra ct. S to c k , $50,000. I n N o v . 1905 per­
m issio n w as giv e n to register $325,000 30 -y ea r g o ld b onds: none o u tsta n d in g
J u ly 1907.
V . 76, p. 381; V . 81, p. 1610. P res., E d . D . Stcge r; Sec.,
J o h n W . R u s se ll.— (V . 77, p. 823; V . 81. p. 1610.)
*
D E N V E R B O U L D E R & W E S T E R N R R . — B o u ld e r to W a r d , C o lo., 20
m iles; S u n se t to E ld o ra , 20 m iles; b ranches, 5 m iles; total, 51 m iles. Reach es
D e n v e r U n io n D e p o t fro m B o u ld e r o v e r C o lo ra d o A S o u th e rn (third -rail)
V . 80, p. 650. Su ccessor to C o lo ra d o A N o rth w e ste rn R R . so ld In fore­
closure M a rc h 29 1909 to the b o n d h o ld e rs’ co m m ittee.
V . 88, p. 944.
S to c k , $300,000, a ll o u tsta n d in g ; p a r $100. O f the b o n d s ($800,000 a u th .
Issue ), $100,000 are reserved for ex ten sion s, Im p ro v e m e n ts, A c.
T h e y are
en titled to int. up to 5 % If earned, p a y a b le Sep t. 1 b e g in n in g 1910. F o r 5
m os. e n d in g A u g . 31 1909, gross, $76,873, a g a in s t $35,043 In 1908; net,
$16,527, a g a in s t $1,959.
Y e a r e n d in g June 30 1908, old c o m p a n y , gross, $84,187; net, $ ll, 1 0 1 ;ln t . ,
tax e s, A c., $53,801; bal., dcf., $42,700.
Pres, a n d Tre as., W . B. H ayes;
Sec., C. M . W illia m s.
Office, Bou lder, Colo.— (V . 89, p. 41, 993.)
o D E N V E R N O R T H W E S T E R N ft P A C I F I C R Y . — B u ild in g from D en ver to
S a lt L ak e , a b o u t 575 m iles, a lo n g a line a b o u t 100 m . so u th of the U nio n Pac.
a n d 125 m. n orth of the D e n ve r A R io G ran d e.
In 1905 110 m iles, D enver
to .Sulphur Sn rln v s, Co l., were opened.
E x te n sio n from S u lp h u r S p r in g s to
S t e a m b o a t Sp rin gs, 101 m .,.com pleted N o v . 1 1008, the last nam ed p o in t
b e in g 304 m from S a lt L a k e
See V 75 p.2 8 9 : V-. 78, d . 1108: V . 80. p.
1362; V. 86, p. 167. L eases N o rth w e ste rn T e rm in a l R y . at D e n v e r for 999
y e ars, gu a ran te e in g b on d s, prln. a n d In t.
B o n d s are redeem able from
J u ly 1 1911 to J u ly t 1916 a t 105 a n d In t.; thereafter a t 102 K . V . 89, p.993.
V . 86, p. 1284; V . 79, p. 1704; V . 81, p. 1315; V . 82. p. 1211; V . 86, p. 1284;
v . otii p. yy«3.
Jn J u ly 1902 w lth 520,000,000 au tho rized sto c k, of w hich
$10,000,000 pref. 5 % n on -cum .. a ll to be Issued fo r co n stru ction , together
w ith $20 000,000 of the $22,500,000 4 % b on d s V. 75, p. 1147; V.79, n 102
n i l ? 1 Jl90 9. 55,450,000 each of com . a n d pref. stoc k a n d
$10,900,000 bon d s.
O f the bon d s, $8,000,000 are d eposited a s co llateral
fo r $4,000,000 6 % 2-year notes of the C o lo r a d o -U t a h C o n stru c tio n Co.
(w hich Is b u ild in g the ro a d ), d ated M a y l 1909, redeem able a t 101, a n d
gu a ran teed , prln. a n d Int., b y Pres. I). H . M o lfa t; Interest p a y a b le q u a r­
te rly (Q .-I* .); C e ntral l r . C o ., N . Y . , trustee: d e n o m in a tio n s $5,000, $10,­
000, $25,000 a n d $50,000 each. V . 88, p. 1127, 1061. T h e b o n d s of the
C o n tin e n ta l T u n n e l C o., to co n stru c t a tu n ne l 6 m iles In le n gth th rou gh the
C o n tin e n ta l R a n g e , 50 m iles w est of D e n v e r ($5,000,000 a u th . Issue), w ill
be gu a ran teed , prln. a n d int.
V . 85, p. 1143.
Pres., D a v id It . M offat*
V . -P ., W . O . E v a n s: T re as.. T h o s. K e e ly ; Sec., F . B . G ib so n .— (V . 88. d .
’
623, 1061, 1127; V. 89, p. 093.)
P




J
4 g
1
i 'A g ■
J
5 g
.1
4 g
.r
5 g
j
4 g
A
4 g
A
4 g
M
5 g
J
5 g

D E N V E R & R I O G R A N D E R R . — {See M a p ) .— R O A D . — T h e lin es
ow ned a n d controlled are well sh ow n on the a d jo in in g m ap.
_
.
,
,
J
M ile s . |
M ile s .
R o a d ow ned a n d o p e rate d ___ 2,528 | O f the preceding:
R io G r. Jc. R R . , A c. (le a se d )..
7 0 | S ta n d ard g a u g e _______________ 1,810
---------- I N a rro w ga u ge o n l y .................... 787
T o ta l June 30 10 09............. 2,508 12d t r a c k ...................................
82
R io G ra n d e A Sou th w e ste rn R R . , L u m b e rto n
S t a t io n ,C o l., 33 m . so u th ­
easterly, Is operated on basis of 2 5 % of gross earns. V . 79, p. 907.
H I S T O R Y . — R e o rgan iza tio n of a railw ay co m p a n y of sam e n a m e fore­
closed J u ly 12 1886. O n J u ly 31 1008 the R io G ra n d e W e ste rn w a s m erged.
Y . 87. p. 226, 285. T h e R io G ra n d e J u n ctio n Is leased Jointly b y th is co.
a n d the C o lo ra d o M id la n d , a n d Its b on d s guaranteed. T h e Col. M id la n d Is
controlled b y parties interested se verally In the D . * R . G . an d C o lo ra d o
& Sou th e rn .
V . 70, p. 739. T h e R io G ran d e So u th e rn Is controlled.
. T h e M isso u ri P a cific e a rly In 1901 acquired $14,800,000 co m m on a n d
$7,300,000 preferred stock, this, together w ith the R o ckefeller Interest, It
Is un d erstood , c o n s titu tin g a considerable m a jo rity of the entire sto c k .
V . 72, p. 338, 580, 1238; V . 73, p. 506.
D e n v e r A R io G ran d e ow n s tw o -th ird s of the sto c k an d ha s giv e n a
traffic g u a r a n t y to the W este rn P acific R y . (w hich see) to be com pleted
*ro21.^a lt L a k e C it y to S a n F ra n cisco b y N< v. 1909. V . 81, p. 845- V . 83.
p. 568. T h e sto c k ($200,000) . f the S a lt L a k e C it y U n io n D e p o t & R R .
Co. Is e q u a lly ow ned b y the D . A R . G . a n d W e ste rn P aclllc, w hich g u a r ­
antee Its $1,100,000 first m o rtg age 30 -y ea r 5 % b on d s.
V . 88, p. 232.
D I V S . since ’911 '92. ’93. ’94. ’95. ’96. ’97 ’98. ’99. ’00. ’01 to J u ly ’09
on preferred, % , J 0
2
0 0 2 2 2 ^ 4 4
5 ye a rly
B O N D S . — C o n so ls of 1886 for $6,900,000 o rig in a lly reserved for e x te n ­
sion to O g d e n were a v a ila b le for ca p ita l requirem ents, of w hich p art Issu e d .
V . 73, p. 507. See a b stra c t of m ortgage In V. 47, p. 228.
T h e im provem ent m ortgage a b stra ct w as In "C h r o n ic le ” , V . 47, p. 220.
A b st r a c t of R . G . W . 1st m ort. w as In V . 49, p. 237, a n d sta te m e n t to
N . Y . S to c k E x c h a n g e . V . 50, p. 73; also V . 69, p. 284.
U ta h Fuel 1st 5s
of 1931; see a p p lica tio n to list, V . 78, p. 1171, 1178, 1548, 2015,
T h e R io G . W . first consol. 4s of 1899, see a p p lica tio n to list In full.
V . 72, p. 537. V . 72, p. 775, 1189. L is t of coll. June 30 1909, V . 86, p. 603.
T h e stockh old e rs voted J u ly 23 1908 to m erge R io G r. W e st, a n d on Se p t.
10 to m ake a re fu n d in g m ortgage dated J u ly 1 1908 co v e rin g the co n ­
so lid ate d properties to se c u re o n issue of $150,000,000 b on d s, of w hich $90,­
000,000 w ill be reserved to retire u n d e rly in g b o n d s an d the re m a in in g $60,­
000,000 w ill be a v a ila b le for other purposes. T h e b on d s are redeem able a t
105 to A u g . 1 1013 a n d 110 thereafter.
In N o v . 1908 $17,500,000 of th e
b o n d s were sold, in Feb. 1909 $5,000,000 a n d in A u g . 1909 $5,000,000, the
b a n k e rs h a v in g a n o p tio n of $1,000,000 a d d itio n a l. V. 87, p. 1419. In a d d i­
tio n to a lien on the D . A R . G ., the b o n d s arc secured b y tw o -th ird s ($50,­
000,000) of the sto c k of the W e ste rn P aclllc a n d a ll the o u tsta n d in g 2d M .
b o n d s on the la tte r ($23,230,000 In J an . 1909). V . 86, p. 1224, 128 1 , 1529*
V . 87, p 226, 285, 544, 741, 1419; V . 88, p. 100, 230, 294, 504, 822: V . 89.
p. 348, 593, 993.
L A T E S T E A R N I N G S . — F r o m J u ly 1 to A u g . 3 1 , 2 m o n th s:
2 M o s .—
G ross.
N et.
Oth. In c.
C harges. B a l., S u r.
$821,475 $696,216
1909.....................$4,037,190 $1,378,150 $139,541
1,188,461
153,002
641,016 700,447
1908..................... 3,449,224
A N N U A L R E P O R T . — R e p o rt for 1908-09 In V . 89, p. 589, 602, In c lu d ­
in g the R io G ra n d e W e ste rn .
See p. 564.
(In c. + ) or
lo p a .n a
io < v 7 .n »
D ec. (— ).
1907-08.
1908-09.
A v e rag e m iles o p e rate d .
2,499
+ 35
...
2,534
T o ta l o p e ra tin g re v e n u e .
+ $490,140
--.$20,876,571 $20,386,431
N e t reven u e___________
7,503,979 — 1,036,444
. - 6,467,535
T a x e s - - _______________
750,471
+ 12,352
O th e r in com e.
In te re st on b o n d s_______
R e n t a l of road, y a rd s, ter
H ir e of e q u ip m e n t______
R e n e w al fu n d .

$5,704,712
. . . $6,686,751
. $3,301,051
Ac
39,452
289,300
...
2,288,990
.
120,000
...
156,360
204,884

$6,753,508 — $1,048,796
554,296
+ 427,743
$7,307,804
$3,293,928
47,303
430,737
2,288,070
120,000
231,393

— $621,053
+ 7,123
— 7,851
-1 4 1 ,4 3 7
+ 920
75,033
+ 204,884

$6,400,037 $6,411,431
— $11,394
-$286,714
$896,373
— $609,659
O I F I C E R S . — C h a irm a n of B o a rd , G eorge J. G o u ld ; Pres., E . T . Jeffery;
V ice -P re s., C h as. H . S c h la c k s; T re as., J. W . G lllu ly ; Sec. a n d C o m p t..
Stephen L ittle .
O ffice, 195 B r o a d w a y , N . Y .
D ire c to rs— George J. G o u ld . W in slo w S. Pierce. E . T . Jeffery, E d w in
G o u ld , H o w a rd G o u ld . A I I . Calef a n d A r th u r C o n p cll, N e w Y o r k : C h arle s
H . S c h la c k s a n d Joel F . V a lle , D en ver, C o l.— (V . 89, p. 539,’593, 602, 993.)
D E S A l O I N E S & F O R T D O D G E R R . — (See M a p M in n e a p o lis
S t.
L o u is .)— O w n s D e s M o in e s to R u t h v e n , la ., 137.01 m .; a t F t. D o d ge , la .,
0 .6 1 m .; track age, T a r a to F t. D od ge. 6.07 m . ; a n d Spencer to R u t h v e n ,
12.45 m .; total. 156.14 m . In 1904 M ln n e a p . A S t. L o u is acqu ired $2,530,OOOof the o u tsta n d in g $4,283,100 c o m .s to c k ,a n d gu aran tees the $3,072,000
first m tge. 4 % gold b on d s Issued to retire a ll the o u tsta n d in g b on d s .which m a ­
tured Jan. 1 1905; the M in n . & S t. L o u is leases the road for 30 years from
fan I 1905: all Incom e over charges, Im p rov e m en ts, f e e . . to be paid to
lessor.
V. 79, p. 268, 1704, 2085.
G u a r a n t y . V. 79, p. 2606. P re f. stock
(non -cu m .) sh ares e q u a lly w ith co m m on after 7 % on each.
T h e stockhold ers June 8 1906 authorized $1,000,000 second m o rtg age
bonds, of w hich $600,000 w as used to p a y flo a tin g d eb t Incurred for Im ­
provem ents an d re fu n d in g, the co m m on stock bein g raised from $4,283,100
to $5,335,600 a n d the pref. from $763,500 to $1,164,000. V . 82, p. 1322.
D IV ID E N D S — .
\ ’93. ’94. ’95. ’96 to ’98. ’99 to ’03. ’04 to ’09.
O n p r e f e r r e d ..............% J
2
4
4
6 y ’rly. 7 y ’rly.
5 y ’r ly -

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I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r exp la n a tion of colu m n headings, & c.
on fir s t page o f tables

see notes

D e t & T o l Sh L— 1st M 5 3 ,0 0 0 .0 0 0 g gu p & l_ M e .c * & r
D o v e r & R o c k a w a y — S to c k 6 % rental 099 y e a r s ..........
D u b & S iou x C ity — 111 C en t W lines 1st M g . - Us.c*<Scr
I o w a F a lls & S io u x C ity 1st M Io w a Falls to S lo u x C y
C h er & D a k C R 4 C an d O m a h a D lv & c first m tge
D u lu t h & Iro n R a n g e — First m o r tg a g e .............M p .c& r
S e c o n d M c u rren cy redeem a t 105 $ 5 ,0 0 0 ,0 0 0 _ C e .c*
D u lu t h M ls s a b c & N o rth e rn — First m o rtg a g e g o ld s f
F irst c o n s o l m tge 5 3 ,5 0 0 ,0 0 0 g o ld call at 105
_ .C e
G eneral m ortg a g e gold s f, red 1 0 5 -------------------N xc*
D u l R L & V V in — lstM 5 2 ,0 0 0 ,0 0 0 g red 105 b e g ’ l l . I C . c *
D u lu t h So Sh & A tla n tic — M arq H & O n gen M .- C e .c *
D u lu th S ou th S h ore & A tla n tic 1st M g o l d .C c .c & r
F irst c o n s o l m tge g o ld Interest g u a r-------Ce.c*<5er
In c o m e ce r ts (5 3 .0 0 0 ,0 0 0 held b y Can P a c J u ly ’ 09)
O ar trusts gu ar b y Can P a c (d u e m o n t h ly )--------------do
gu a r b y C a n P a c (d u e 5 1 7 .0 0 0 y e a r ly ) - ­
do
do
d o --------------------------------- ­
D u rh a m & So C a r— 1st M $ 300,000 gold red 1 0 5 M e B a
D u r h a m & So u th e rn — 1st M 5 1 .0 0 0 ,0 0 0 a u th g o l d . . F
D u rh a m U n io n S ta tio n — F ir st M 575,000 g . - S . c * & r
D u tc h e s s County P R — See C e n tra l New Rntrlnnd R y .
D y e r s b u r g N o r th ’n R R — 1st M $ 1 ,0 0 0 ,0 0 0 a u th g r e d .c
E a st M a h a n o y R R — S t o c k ---------------- ■ - - - — - - - - - - - - E a s t P e n n s y lv a n ia — S to c k 6 % gu a r 999 yrs P h lla & R
F irst m tg e g o ld guar p & 1 b y P & R R R ( e n d ) - . c *
E a s t T enn essee V ir g in ia & G e o rg ia — See S ou th ern R y
E a s t Tenn & VV No Car— 1st M g (V 81 p 1723) G u P c*
E a s te rn R y of M in n e so ta — See G rea t N orth ern
E l P a s o & N o rth e a s t— N M R y & C c o l t r g r e d 1 0 5 .. N
N M R y & C oal M g o ld -------------------------------------------Ta
A la m & S a c M t first m tge $ 9 0 0,00 0 gold g u a r-------N
El P a so & R o c k Isl first M $ 2 ,5 0 0 ,0 0 0 g o I d . - . T a . c *
D a w son R y & Coal c o ll trust g o ld gu ar p & 1 --T a .c *
El P a so U nion P ass D ep o t— 1st M g $2 4 0 ,0 0 0 s f . - T a
E lgin J oliet & E astern— 1st M ( $ 10 ,0 0 0 ,000 ) g .C e x .c *
E lm ira & L a ke O nt— S o d u s R a y & So— 1st M g - - U n .c
E lm ira & W illia m s p o rt— S to c k c o m m o n 5 % ren tal NC
P referred s to c k 7 % rental on o years N o r t h e r n Cent

M ile s
of
R oad
48

D a te
of
B on ds
1903

218 1895
184 1809
88-00
328 ■
2 10 1887
2 10 1896
1892
130 1893
215 1906
1900
130 1885
588 1887
588 1890
1892
1906

S iz e, or
Par
V a lu
$ 1,000

100
1,000

500 A c

1,000 A c
1,000 &c

1,000
1,000
1,000
1,000
1,000
1,000
100 A c

30
61
...

innn
1905
1906
1905

1 ,000
1,0 0 0
1,000 A c

31

1907

1,0 0 0

1888

34

1905

165

1897
1901
1898
1901
1901
1905
1891
1884

31
128
133
181
34
73'/$
73'/$

—

R ate
%

W here P a y a b le, and by
W hom

M ercantile T ru s t o f N Y
143 L ib e r ty S t N ew Y o rk
O ffice 115 B ’ w a y N Y
do
do
nds o r co lla te ra l therefoi;
0 O ffic e E m p ire B ld g N Y
do
do
J
J
J Cen tral T r u s t C o N Y
J C o m p a n y ’ s o ffic e N Y
J Chase N at B k N Y ; A C hlc
o 44 W all S tre e t N ew Y o rk
do
do
J
A N ew Y o r k o r L o n d o n

J
O
A
O
ho

J
15
s
j

j
N

Bonds— P r in c i­
pa l, W hen D u e
Stocks— Last
D ivid en d
Jan
O ct
Aug
O ct

1 1953
1909 3 %
1 1951
1 1917

O c t 1 1937
Jan 1 1916
Jan 1 1922
Jan 1 1923
J an 1 1943
Jan 1 1916
A p r 1 1925
J an 1 1937
A u g 1 1990
D ec 31 1912
T o Jan 1911
T o Jun e 1912
M ch 1 1914
M erch an ts’ T ru s t C o Balt J u ly 1 1935
F a rm ers L & T C o, N Y Jan 1 1946
S ta n d a rd T r u s t C o N Y M ay 1 1955
Jan 1 1937
P h lla P a Ju : e l5 1909 2 Vi
J u ly 20 1909 3%
do
M ch 1 1958
do

J
J A
J
M

A
J
D 15 R e a d in g T e rm
A J
do
A
do
S

5 g

M

A

N G uar T r A S D C o P h lla N o v 1 1935

5
5
5
5
5
5
5
5
5
7

A
A
A
J
J

A
A
A
A
&
&
A
A
A
A

O T ru st C o o f A m e r ic a N Y
O
do
do
do
do
o
do
do
J
do
do
J
do
do
.1
N 71 B r o a d w a y N ew Y o r k
.1 N at B ank o f C o m m N Y
N B road S t S ta tio n Phlla
do
do
.1

5 g
5

1,0 0 0
1,0 0 0

500 ,000

1 ,000
1,0 0 0
1,0 0 0
1,000
1 ,000
1,000
1 ,000
1 .000

3 ,0 0 0 ,0 0 0
2 ,000,000
3 7 2 ,0 * 0
2 ,5 0 0 ,0 0 0
3,0 0 0 ,0 0 0
240 ,000
1 0 ,000,000
5 00 ,000
5 00 ,000
500 ,000

50
50

W hen
P a yable

A
I
2,2 8 8 ,0 0 0
4 g
6
A A
140,000
&
F
5 ,4 2 5 ,0 0 0
4 g
7
A
&
2,8 0 0 ,0 0 0
8 .9 3 0 ,0 0 0 Illin ois C entral
5
A &
6 ,7 3 2 ,0 0 0
6
A
J
See te x t
J
A
1 174 000
li0 3 4 !o 0 0
A
J
6 g
9 ,2 7 4 ,0 0 0
A
J
5 g
A
2 ,000,000
.1
5 g
6
1 ,077,000
A A
A
3,8 1 6 ,0 0 0
.1
5 g
&
15,1 0 7 ,0 0 0
4 S
F
3,0 0 0 .0 0 0
4
&
4Vi
'5 3 8 .6 6 4
J
,| «& I)
4
M &
300.000
,i
&
4 g
A
j
750 ,000
M A
54,000
5 g
250 ,000
407,750
1,948,300
495,000

50
50

36
36

A m ou n t
O utstanding

6

4 g

g
g
g
g
g
g
g
g

.1

\1
J
M

.1

O c t 1 1947
O ct 1 1951
A p r 1 1928
Jan 1 1951
J u ly 1 1951
Jan 1 1916-1935
M ay 1 1941
J u ly 1 1924
N o v 1909
J u ly 1909

R *E P O R T .— F o r y e a r e n d in g Ju n e 30 1909 In " C h r o n .” o n o r a b t . O c t . 3 0 .
R e p o r t fo r y ea r en d in g D e c. 31 1908 In V . 8 8 , p 1615, sh o w e d gross
E n tire S ystem (in clud ing A n n A r b o r ).
•earnings. $52 9 ,0 7 1 ; n e t. $15 9 ,9 4 9 : t a x e s a n d in te re st, $ 1 7 3 ,2 8 0 : d e ficit. $ 1 3 ,­
Y ea r—
G ross. N e tla ft.T a x .) O th .In c. D ed u ction s.
B a lan ce.
331 •
1 9 0 8 -0 9 ..............$3,2 3 3 ,6 0 7
$557,406
$13 9,96 4 $ 1 ,3 5 4 ,5 3 6 d e t .$65 7,16 6
P r e s .. E d w in H a w le y : V Ic e -P r e s .. L . F . D a y ; T r e a s ., F . H . D a v is; S e c .,
1907- 0 8 _____ 3 ,5 0 6 ,0 4 8
413 ,1 6 5
3 95 ,956
1,328,838 d e f. 519 ,716
W . S . C ran d ell.— (V . 88 , p . 1436. 1615.)
D etroit T oledo «fc Iron ton P ro p er.
D E S M O IN E S U N IO N R Y .— T erm in al road In D es M oin es; ow n s 5 m iles
190 8- 0 9 ........... $ 1 ,5 2 5 ,1 2 6
$166,956
$38 ,476
$ 8 9 0,68 9 d e f .$68 5,25 7
m ain tr a c k and bran ch es, 14 m iles 2d and side track s, bridge across D es
1 9 0 7 -0 8 ________ 1,623,266
4 2 ,405
297,836
915 ,343 d e f. 575,101
M oines R iv e r and 25 acres o f land In D es M oines. See sta te m e n t to N . Y .
In te re st charge Includes y e a rly $27 5 ,0 0 0 Interest o n co lla te r a l tru st n otes
S to c k E x ch a n g e In V . 65. p . 1173.
Leased to W abash R R ., C h icago G reat
issued fo r A n n A r b o r s t o c k .
See V . 8 3 , p. 1034.
W e s t e r n , C h ic. M ilw . & S t. P . R y ., C h ic. B u rl. & Q u in cy R R . , S t. P aul &
P re s., E u gene Z im m e rm a n : S ec. a n d T r e a s ., G . C asper N iles: O ffice
D e s M oin es R R . an d M in n eap olis & S t. L ou is R R .
V . 7 5 , p . 342 .
R e n ta
D e tr o it .— (V . 8 8 , p . 100, 231; V . 8 9 , p . 224 , 528 , 593, 1068.)
e q u a l to ex p en ses an d fix e d ch arges p aid m o n th ly b y lessees o n w h e cla g e
ba sis. S t o c k a u t h ., $ 2 ,0 0 0 ,0 0 0 ; o u t ., $ 40 0,00 0; p a r, $100. Y e a r 1908-09,
D E T R O IT & T O L E D O S H O R E L IN E R R .— E x te n d s fro m T o le d o to
grosa, $ 2 6 8 ,4 0 8 ; n et I n c ., $ 10 6,34 4; b o n d in t ., $ 3 5 ,5 5 0 .— (V . 8 6 , p . 337 .)
(su bu rbs of) D e tr o it, 47.6 m .; 2d tra ck . 20 m .; sid in gs, 3 m .: tra ck a ge o v e r
T o l ‘d o R y . fc T e r m . C o ., & c., 31 m .; total tr a c k , 101.6 m .
V . 7 8 , p . 2598.
D E T R O IT G R A N D H A V E N & M I L W A U K E E R Y .— (S ee M a p Grand
T h e G rand T ru n k W estern R y . and the T o le d o S t. L ou is & W estern R R .
T ru n k R y .) — O w ns from D e tro it t o G rand H a v e n , M ic h ., 189 m iles. A re­
o w n the entire $1,4 2 8 ,0 0 0 s to c k and Join tly g u aran tee the b o n d s, prin cip a l
org a n iz a tion o f S ep t. 1878. T h e p rin cipa l an d Interest o n the b o n d s are
an d In terest, b y en d o rse m e n t. S ee fo rm o f g u a r a n ty , V . 7 6 , p . 653. F irst
gu aran teed b v the G rand T ru n k o f C a n ada. S t o c k . $ 1 ,5 0 0 ,0 0 0 : p a r, $50.
d iv id e n d , 4 % , paid fro m earnings p rio r to Ju n e 30 1908. V . 87, p . 1237.
R e a l e sta te b o n d s o r m o rtg a g e s, $ 2 2 6 ,0 0 0 . O n Ju n e 30 1908 s u n d ry o u t­
E A R N I N G S .— 12 m o s .,1 1 9 0 8 -0 9 ............G r o s s , $ 76 0,18 1; n e t, $31 0 ,4 0 5
sta n d in g a c c t s ., $ 2 ,7 5 1 ,6 4 8 .
G rand T ru n k o f C anada ow n s en tire s to c k .
J u ly 1 to Jun e 30.
j 190 7-0 8______G ross, 8 78 ,421 ; n e t, 4 4 8 ,5 0 7
E A R N I N G S .— 11 m o s .J 19 0 8 -0 9 ............... G ross, $ 1 ,5 3 4 ,4 2 1 ; n e t, $280,416
Y e a r e n d ln g J u n e S O 1908. gross, $87 8,42 1; net In com e, $ 40 1,58 3; Interest
J u ly 1 t o M ay 31.
\ 1 9 0 7 -0 8 ________ G ross, 1 ,5 8 5 ,8 4 9 ; n e t, 209 ,333
o n b o n d s, rentals, & c., $29 3,58 3; Im p ro v e m e n ts, $21 ,0 7 9 ; d iv id e n d s ( 4 % ) ,
Y e a r en d in g Ju n e 30 1908, gro ss, $ 1 ,7 0 4 ,8 3 4 ; n e t, $ 2 2 0 ,8 1 0 ; ch arges,
$57 ,120 : b a l., s u r ., $2 9 ,8 0 1 .
P res., T . P . S h o n ts .— (V . 87, p . 1237.)
$ 4 1 9 ,3 1 4 ; b a l., d e t., $ 1 9 8 ,5 0 5 .— (V . 8 2 , p. 986; V . 8 8 , p . 1620.)
D U L U T H & IRO N R A N O E R R .— O w ns D u lu th to E ly . M in n ., 117.22 m .;
D E T R O IT H IL L S D A L E & S O U T H W E S T E R N R R .— O w n s Y p stla n tl,
T o w e r J e t. to T o w e r , 1.40 m .; A llen J e t. to V irg in ia , 25.31 m .; M c K in le y
M ich ., to B a nkers, M ich ., 65 m .
Leased In p e rp e tu ity J u ly 1 1881 t o the
t o E v e le th , 8.83 m .; W a ld o to D ru m m o n d , 15.02 m .; b ra n ch e s a n d sp u rs,
Lake S h ore & M ich. S ou th ern R y .; ren tal, $54 ,000 p er y e a r — 4 % o n s to c k .
56.03 m .; trackage to U n io n D e p o t , D u lu th , 0 .8 0 m .; to t a l, 224 .61 m iles.
D E T R O IT M A C K IN A C & M A R Q U E T T E R Y . — S E E M IS C . C O S.
O w ns ore d o ck s an d ya rd s o n L a k e S u p erior c o s tin g o v e r $ 1 ,5 0 0 ,0 0 0 .
D E T R O IT & M A C K IN A C R Y .— O w ns fro m B a y C ity , M ic h ., to C h cb o y S T O C K , A c .— S to c k , a u t h ., $ 1 0 ,0 0 0 ,0 0 0 : o u t ., $ 3 ,0 0 0 ,0 0 0 .
F ed era l
a n , 196 m .: R ose C ity B ran ch , 31 m .; P r e s c o tt B ra n ch , 12 m .; L in co ln
Steel C o . (see U . S. Steel C o rp .) ow n s the s to c k a n d $ 3 ,5 0 0 ,0 0 0 o f th e $ 4 ,­
Iranch, 14 m .; Au G res B ra n ch , 8 m .; lo g g in g b ran ch es (la rge ly t e m p o r a r y ),
500 ,000 2d m tge. b o n d s.
(V . 66 . p . 1237.) F irst m tg e . b o n d s a u t h ., $2 5 ,­
86 m .: to t a l, 347 m . In 1908-0 > fo re s t p r o d u c ts furnish ed 5 2 .0 1 % o f traf000 per m ile fo r co n s tr u c tio n an d $7,000 fo r e q u ip m e n t.
D iv id e n d s p rior to
flo . In 1902 H en ry K . M cH a rg an d a ssocia tes a c q u ir e d c o n tr o l.
1900 a g gregated 1 0 0 % : In 1901-02, 6 % : In 1903-04, fro m a ccu m u la te d s u r .,
1 5 0 % ; 1905, 6 5 % ; 1906, 4 0 % ; 1907, 8 0 % ; 1908, 8 0 % ; In 1908-09 1 45 %
B O N D S .— "M o rtg a g e b o n d s ” fo r $50 0,00 0 w ere reserved fo r be tte rm e n ts
p a id fro m a ccu m u la te d su rplu s.
& o., a t n o t o v e r $50,000 per y ear. V . 7 4 , p . 629.
In a d d itio n t o the
E A R N I N G S .— 2 m o s ., 119 0 9 ............. G ross, $ 2 ,7 5 0 ,1 6 2 ; n e t, $ 2 ,065,799
a m ou n ts sh ow n a b o v e as o u ts ta n d in g , $450,000 “ first lien” and $350,000
J u ly 1 to A u g . 31.
J 1908_______ G ross, 1 ,9 2 2 ,9 3 2 ; n e t , 1,391,904
" m o r t g a g e ” b on d s w ere on Jun e 30 1909 held In the treasu ry.
E q u ip m e n t
n otes (5 s ), $60 ,0 0 0 , d u e $6,667 m o n th ly t o J u ly 1910 Inclu sive; loans and
Y e a r e n d in g Ju n e 30 1909, gross, $ 6 ,8 4 7 ,5 7 2 ; n e t , $3,9 3 1 ,9 4 6 ; o t h c r in .
c o m e , $10 8,49 6; Interest, ren tals, A c ., $ 1 ,2 5 1 ,5 6 9 ; b a l., s u r ., $ 2 ,7 8 8 ,8 7 3 .
bills p a y a b le Ju n e 30 1909, n on e.
— (V . 79, p . 2085.)
S T O C K .— T h e cap ital s to c k Is $ 3 ,0 0 0 ,0 0 0 , o f w h ich $ 2 ,0 0 0 ,0 0 0 co m m o n
and $ 1 , 000,000 5 % n o n -c u m . preferred . See V . 7 4 , p . 629 . D lv . on p r e f.,
D U L U T H M IS S A B E & N O R T H E R N R Y .— O w ns fro m D u lu th to M ou n ­
2 V i% J u ly 1 1903; since to J u ly 1909, 5 % y e a rly .
tain Iro n . M in n ., 77.96 m .: bra n ch from A lb o r n n o rth w e ste rly t o B u ck ey e
M ine, 53 m .; o th e r bran ch es an d spu rs, 150 77 m iles: tra ck a g e t o U n ion
L A T E S T E A R N I N G S .— (1 9 0 9 ......................G ross, $ 2 0 8 ,6 0 1 ; n e t, $53 ,262
D e p o t, D u lu th , 2 m .; to ta l, 283 .63 m .
E n tire $ 4 ,1 1 2 ,5 0 0 s t o c k o w n e d b y
2 m o s ., J u ly 1 to A u g 3 1 .
\1908.......................G ross, 201 ,8 4 2 ; n e t,
65,404
L ake S u p erior C on sol. Iron M ines a n d so b y U . S . S teel C o rp . V . 72, n . 1038.
E A R N I N G S .— R e p o r t fo r y e a r e n d in g Ju n e 30 1908 w as In V . 87, p .
O f the general 5s o f 1906, b o n d s are reserved t o retire th e u n d e rly in g
1233. In 1 90 8-0 9. gross, $ 1 ,1 4 8 ,9 7 4 ; to ta l net In com e, $ 26 7,58 5; Interest
b o n d s; a d d itio n a l b o n d s m a y be Issued a t n o t o v e r $30 ,0 0 0 p er m ile fo r a d ­
o n b o n d s , $ 9 2 ,0 n 0 ;!p re f. d lv . ( 5 % ) , $ 47 ,500 ; b a L .- u r ., $ 1 2 8 ,0 8 5 . 190 7-0 8,
d itio n a l single m ain track and $ 20,000 fo r s e c o n d , th ird an d fo u r th m ain
g ros s , $1 ,1 8 6 ,0 9 6 ; n et, $ 3 9 7 ,0 4 5 .— (V . 8 8 , p . 100; V . 8 9 , p . 1068.)
tra ck s an d for n o t o v e r 7 5 % o f the c o s t o f e q u ip m e n t a n d Im p ro v em en ts.
S in k in g fu n d o f 2 % y e a r ly o f o u ts ta n d in g b o n d s (In cl. b o n d s In s . f .) retires
D E T R O IT T O L E D O & IRO N T O N R Y .— O perates road fro m D e tr o it,
b o n d s b y lo t a t 105.
V . 8 8 . p . 822.
M ic h ., to Ir o n to n , via L im a , 389 m ., Inclu din g 45 m . o f track age; bran ch es,
In 1903-04 paid d iv id e n d o f 1 50 % fro m a ccu m u la te d surplus an d In S ep t
K in gm a n to Sedalla, O .. 31 m .: Jackson to C orn elia, 19 m .. and Llsm an
1905 7 0 % : Ju n e 1906, 4 0 % : S e p t. 1907, 5 0 % ; Jun e 1908, 6 0 % ; D e c. 1908,
J e t. t o D e a n , O ., 3 m .; to ta l, 441 m .; co a l m in e tr a c k s , sid in gs, & c., 139 m .
4 0 % ; In 1908-09 1 4 5 % p a id fro m a c c u m u la te d surplus.
__
In 1905 a c q u ir e d con tro l o f A n n A r b o r R R .
V . 8 1 , p . 264; V . 8 2 , p . 509.
F o r y e a r e n d in g Ju n e 30 1909, gross, $ 1 0 ,0 2 2 ,5 6 5 ; n e t, $ 6 ,279,906 ; o th e r
O R G A N I Z A T I O N .— S u cce sso r, per plan V . 80, p . 65 0 , o f D e t. S o u th .
in c o m e , $35 8,96 9; In t., ren tals, A c ., $91 6,98 5; b a l., s u r ., $ 5 ,7 2 0 ,8 9 0 .
In
R R . fo re c lo s e d , s u b je c t to O h io S o u th , m tg e . V . 80, p . 2 34 4, 1856.
1907- 08, gross, $ 9 ,365,249 ; n e t, $ 5 ,2 9 5 ,9 8 0 .— (V . 8 9 , p . 224.)
R eceiv ersh ip .— In F eb . 1008 G eo. K . L ow e ll, B e n j. S. W arren an d T h o m a s
D U L U T H R A I N Y L A K E & W IN N IP E G R Y . — C o m p le te d A p ril 1908
D R h o d e s w ere a p p oin te d re ce ive rs, the Interest on the co n s o l. 4 K s due
from Vlrtrinla, \flnn north to ronneoH on w ith Cnnm ilan N orthern at In te r­
F e b . 1 1908 b e in g In d e fa u lt. T h e Interest o n th e d iv isio n a l an d gen. lien
n a tio n a l Falls, 98 m iles. V . 86 , p . 546, 1 1 0 0 . In D e c . 1908 th e C a nadian
Is has b e e n p aid p r o m p t ly .
T h e S e p t. 1909 c o u p o n s o n O h io S ou th ern
N o rth e rn pu rch ased th e e n tire $ 2 , 000,000 s to c k .
D u lu th W in n ip e g &
d iv is io n b o n d s w ere d e fa u lte d , b u t It Is e x p e c t e d w ill b e p aid p r io r to M ch . 1
P a cific R y . (w h ich see) w ill bu ild an e x te n s io n to D u lu th , 75 m . V . 87,
191 0, w h en rig h t to beg in fo re c lo s u r e a ccru e s . V . 8 9 , p . 593.
O n I 'c b . Zo
p . 1605, 1664; V . 88 , p . 563, 623 , 882 , 1252.
,
^
T ,
1908 $ 3 0 0 ,0 0 0 rec e iv e r s ’ ce rtfs. w ere a u th o riz e d h a v in g a lien ju n io r to the
T h e V irgin ia A R a in y L a k e C o ., w h ich fo rm e r ly o w n e d th e D . R . L . A
O h io S o . d iv is io n and divisio n a l an d g e n . lien 4s; $25 0 ,0 0 0 , be a rin g in terest
W ., g u aran tees th e Interest o n th e b o n d s. S inking fu n d y e a r ly , b e g in n in g
a t 6 % , w e re ou ts ta n d in g S e p t. 1909. V . 8 6 , p . 546, 602.
M ch . 1909, a m o u n tin g to tw o -th ird s o f n e t earn in gs.
V . 81, p . 558 , 613 ,
Com m ittee fo r C onsol. 4 Vis.— R u ssell H a r d in g , C h airm an ; H e n ry V . P o o r ,
1848; V . 8 2 , p . 751; V . 8 4 , p . 158; V . 85, p. 1518.
S e c .; C en tral T ru s t C o ., d e p o s ita r y .
V . 8 6 , p . 337 .
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1909 (92 m ile s ), gross, $39 3,06 3;
Collateral Trust N oteholders’ C om m ittees.— J o se p h R a m s e y Jr. Is C hairm an
n e t o v e r ta x e s , $11 3 ,3 8 7 .
F o r y e a r e n d in g D e c. 31 1907 (48 m iles In full
o f on e c o m m it t e e , W a lte r L. W orra ll. S e c r e ta r y : N ew Y o rk
rust C o. d e ­
o p e r a t io n ), gross, $403,229; n e t, $14 7 ,9 9 7 .
P r e s ., W ir t H . C o o k ; S e c .,
p o s ita r y .
In N o v . 1908 a b o u t $ 3 ,6 0 0 ,0 0 0 o f the $ 5 ,5 0 0 ,0 0 0 o u tsta n d in g
notes w ere ow n ed o r co n tro lle d b y the c o m m it t e e .
V . 86 , p . 3 3 7 , 420,
D a v id O . A n d e r s o n .— (V . 8 8 , p . 563, 623 , 882 .)
480 . 546, 602 , 1589; V . 8 7 , p. 166, 28 5 , 544, 1300.
D U L U T H SOUTH S H O R E & A T L A N T IC R Y .— O perates D u lu th to
A n oth er co m m itte e (E . R ollin s M orse, C h airm an ; W in d s o r T ru s t C o .,
Sau lte S te. M arie, 415 m iles; " S o u ” J u n ctio n to S t. Ig n a c c , 43 m iles; o th e r ,
N ew Y o r k , d ep osita ry) In N o v . 1908 o w n e d o r c o n tr o lle d a b o u t $ 1 ,7 0 0 ,0 0 0
135 m iles; to ta l, 593 m iles, Inclu din g 7 m iles o f tra ck a ge .
n o te s .
V . 86 , p. 602 , 1343; V . 87, p . 166, 2 2 6 , 544, 613 , 677.
C A P I T A L S T O C K .— C o m m o n s to c k Is $ 1 2 ,0 0 0 ,0 0 0 ; p r e f., $ 1 0 ,0 0 0 ,0 0 0 ;
Stockholders' C om m ittee. - W il la r d V . K in g, E v a n s R . D ick an d E. L
par, b o th $100.
P re f. s to ck Is 6 % n o n -c u m . Can. P a c. J u ly 1 1909
O ppen h elm (C olu m bia T rust C o . , N . Y . . d e p o s it a r y ) . V . 86 . p. 794.
ow n ed $6,100,000 c o m . and $5,1 0 0 ,0 0 0 pref. s t o c k , $ 3 ,0 0 0 ,0 0 0 Incom es
P r e f. Stockholders' C om m ittee.— A le x a n d e r J . H e m p h ill, C h airm an; E d gar
O. H e b b a r d , S ec. (G u a ra n ty T r . C o .. N . Y . . d e p o s .).
V . 86 , p . 1409, 1529. and $ 1 5 ,107 ,00 0 con sols.
B O N D S , A c .— A b s tr a c t first m ortgage, V . 4 5 , p . 274.
N O T E H O L D E R S ’ P L A N .— In N o v . 1008 the R a m s e y co m m itte e cam e
T h e first con so lid a te d m ortg age o f 1890 has Interest a t 4 % guaran teed
to an agreem en t w ith the M orse (o r H ollins sy n d ica te ) c o m m itte e , lo o k in g
b y Can. P a c ., w hich J u ly 1 1909 held the entire o u ts ta n d in g Issue ($ lo ,1 0 7 ,t o an ex ch a n g e o f the c o m m it t e e ’s In terest In the p led ged D . T . & I . consols
000) In Its treasury as se cu rity fo r Its 4 % d e b e n tu re s t o c k ; con sols fo r $ 4 ,­
fo r the s y n d ic a te ’s Interest In the A n n A r b o r p re f. a n d c o m . s t o c k . See
893 ,000 are reserved fo r prior b o n d s, and a d d itio n a l a m o u n ts m a y be Issued
circu la r In V . 87, p . 1300. T h e sale o f the colla tera l fo r th e n otes w as a d ­
at $20 ,000 per m ile o f new lines. Car trust 4 H s o f 1906, V . 82, p . 452. D ue
jo u r n e d Indefin itely in Ja n . 1909 b y reason o f a te m p o r a r y In ju n ctio n .
In
C anadian P a cific R y . J u ” e 30 1909 fo r g u aran teed Interest a d v a n ce s ,
O ct 1909 reorgan ization w as d e fe rre d p e n d in g litig a tio n as t o v a lid ity o f
$ 5 ,2 6 2 ,2 3 5 ; on general a c c o u n t, $ 2 ,9 8 8 ; u n gu ar, ca r tru sts, $ 23 6,21 3.
c e r ta in c on s ol, m tge. b o n d s .
V . 89, p . 224 .
L A T E S T E A R N I N G S .— 11909..................G ross, $59 3 ,6 7 4 ; n e t , $19 2,54 0
B O N D S .— G en. lien and d lv ls. 1st 4s are secu red b y m o r t. on en tire s y s ­
2 m o s ., J u ly 1 to A u g . 3 1 / 1 9 0 8 . . ............ G ross, 448 ,6 6 4 ; n e t, 122,383
t e m , In clu d in g fu tu re p r o p e r t y , e x c e p t T o le d o te rm in a l. C on sol. 4 Vis
Surplus o v e r ch a rge s, $13 ,2 6 8 , a g ain st d e ficit $37 ,307 In 1908.
c o v e r w h o le sy stem and are a first Hen u p o n s to c k o f T o le d o S o u th . R R .
T h e 5 % n otes o f 1905 ($ 5 ,5 0 0 ,0 0 0 Issue) are secu red b y $3,0 0 1 ,0 0 0
R E P O R T .— R e p o r t fo r y e a r e n d in g Jun e 30 1909 In V . 89, p . 841 .
A n n A r b o r p referred an d $2,1 9 0 ,0 0 0 c o m m o n s to c k an d $ 5 ,0 0 0 ,0 0 0 D e t. T .
O f the to n n a ge In 1908-09, ores furnish ed 3 8 % , lu m b e r, A c ., 2 5 % .
& I . co n s o ls. V . 80, p . 2457, 2620; V . 8 1 , p . 155.
L oa n s and bills payaDle
Y ea r—
G ross.
O p e r .I n c . Other In c . Charges. H a l.,D e f.
1 90 8- 09 .................. $ 2 ,7 8 5 ,5 8 7 $544,086 $14 6,20 9
$89 1,74 2 $201,447
J u n e 30 1909, $63 5,85 1.
1 9 0 7 -0 8 ......................... 2,9 8 6 ,9 5 8 547,826
3 0 ,4 0 5 889 ,224
310 ,993
E A R N I N G S .— 2 m o s .,J 1 9 0 9 ........................... G ross, $25 4,50 7; n e t, $48 ,449
P r e s ., W . F . F itc h , M a rq u e tte , M ich .— (V . 89, p . 410 , 8 1 4 .)
J u ly 1 to A u g . 31.
\ 1 9 0 8 ............- ............G ross, 267 ,846 ; n e t, 46,680

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H A U .R O A D S
F o r exp la n a tion o ( colu m n headings, A c . , see notes
on first page o f tables

M ile s
of
R oad

D ate
of
B on d s

S iz e , or
Par
Am ount
Value O utstanding

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B on d s— P r i n c i ­
p a l, W hen D u e
S tocks— Last
D ivid en d

E lm ira & W illia m s p o rt (C on cl.)— First m o r t g a g e ____
1860
$1,000
73H
$96 3 ,0 0 0
6
J
A
J B r o a d S t S ta tio n . Phlla Jan 1 1910
I n c o m e b on d s 999 v e a is u> r u n . ....................
1863
—
500
5 7 0 ,0 0 0
5
A
A O
do
O ct 1 2802
Erie <e P itts b u r g h — S to c k 7 % rental 999 yrs P en n Co
5
85 —
50
2 ,0 0 0 .0 0 0
7
Q— M
U n ion T ru st Co N ew Y ork S e p t 10 '00 1 >A
S pecial g u a ra n teed b ette rm e n t s to c k $ 2 ,5 0 0 ,0 0 0 .- 50
1 ,420 ,751
7
Q— M
S e p t 10 ’ 09 1 }£
G eneral m tge (n ow llrst) $ 4 ,5 0 0 ,0 0 0 g o ld g u a r .-U n
85 1890
1,000
4 ,2 5 9 ,0 0 0
A
g J
J
July 1 1940
Erie R a ilroa d — C o m m o n s to c k $15 3 ,0 0 0 ,0 0 0 a u th ____
____
—
100 112 ,378 ,90 0
S e con d pret s to c k 4 % n o n -cu in redeem a t p a r____
—
—
100 16,0 0 0 ,0 0 0 See te x t Sem i- ann J P M organ A C o N Y \pr 1907 2 %
First pref s to c k 4 % n o n -c u m , redeem at p a r_______
—
—
100 4 7 ,8 9 2 ,4 0 0 See te x t Sem i- ann
do
do
Apr 1907 2 %
A— O ld B on d s A ssu m e d — R o a d s C o n s o lid a te d
N Y & Erie 1st M Plerm to D un e x t 1897 g o l d - . c *
447 1847
1 ,000
2,4 8 2 ,0 0 0
4 g
M A N
M ay 1 1947
S econ d m ortg a ge (e x te n d e d In 1879) g o ld ____ c*
447 1849
1,000
<
5
2,1 4 9 ,0 0 0
5 g
M A
do
T h ird m ortg a ge (e x te n d e d In 1883) g o ld _______ c*
447 1853
1.000
4,6 1 7 ,0 0 0
M A
s
do
M ch 1 1923
F ou rth m ortg a ge (e x te n d e d In 1880) g o ld ____ c*
475 1857
1,000
2 ,9 2 6 ,0 0 0
5 g
A
A 0
1 1920
F ifth m ortg a ge (e x te n d e d In 1888) g o ld _______c*
475 1858
500 A c
709 ,500
J
A D
4 g
Erie R y 1st M B u ff Br H o rn e llsv to A t t ic a g o l d - . c *
60 1861
200 A c
182,400
J
A
J
4 g
First c o n s ' l m tge $ 3 0 ,0 0 0 ,0 0 0 g o ld $ o r £ - . F .c * c
526 1870
1 ,000 16,891 ,000
,s See t e x t
7 g
M A
N Y L E & W est first c o n s m tge g o l d ______________c*
526 1878
500 A c
3 ,6 9 9 ,5 0 0
M A
7 g
do
S
B u ffalo N Y & Erie 1st M (B u ffa lo to C o r n l n g ) . .c *
1411 1876
1,000
2 .3 8 0 ,0 0 0
7
.1
A D
do
B uff * S W 1st M g e x t 1908 red 105 g . . . _ ___xc*
67 1877
50 A c
1 ,500.000
5 g
J
A
J
N e w b u rg A N Y 1st At gold e x te n d e d In 1889____ e*
12 1868
1,000
250 ,000
5 g
J
A
J
do
1 1929
B— B o n d s on P rop erties C o n tro lle d b y O w nership o f E n th e (*) o r a M aj o r lt y (6) o f C a p ital S to o k , or b y (c) Lease
B ergen C o R R 1st M R u th J t t t o R id g e w o o d N J _ .
10 1881
1 ,000
200,000
6
A A O See te x t
Apr 1 1911
Ch A Erie 1st M g (M a rlon O to tla n t'd In d )
C e.c*
250 1890
1,000 1 2,000,000
M A N 50 C hurch St
5 g
C h ica g o & A tla n tic T erm in al first m o rtg a g e g . . Ce
—
1888
1,000
300,000
5 g
1 A
J
do
cG osheti A D e ck ’ t ’ n 1st & 2d M ’ s ($ 0 0 ,0 0 0 arc 2 d ) .
____
68-69
246 ,500
6
cM on t A Erie 1st A 2d M ’s ($40,500 are 2 d s )_______
____
66-67
170,500
5
Jefferson 1st A 2d M ’ s e x t In ’ 87 A ’ 8 9 ( H ’ d aleB r)
c
8 67-69
500 A c
300,000 4 H A 6 I
A
J F id e lity T ru st C o Phlla .
1st M C a rb on d to S d e p o t g e x t In ’ 09 red 105EP.C*
87 1889
1 ,000
2 ,8 0 0 ,0 0 0
5 g
A A O See t e x t
1 1919
L o n g D o c k C o con s At g (n o w 1st M) (see t e x t ) ___ c*
—
1885
1 ,000
7 ,5 0 0 .0 0 0
A
A () d o
6 g
do
(
1 1935
cN Y A G reenw L p rior lien M $ 1 ,5 0 0 ,0 0 0 g o l d . . . N
5 2 1896
100 A c
1 ,471,600
M A N J 1’ M organ A C o N Y
5 g
ftNew Jersey A N ew Y o r k 1st M (re o rg a n iz a tio n ) c*
34 1880
500 A c
400 ,000
6
M A N
do
3 1910
G eneral m tge $ 1 ,2 0 0 ,0 0 0 (red 105 a fte r 5 yrs) gold
—
1892
500 A c
629,500
5
I
A
J
do
do
J
1 1033
N Y L E A W C R R 1st M " la w fu l m o n e y " . . M p .c*
—
1882
1 ,000
1 ,100,000
6 cu r M A N S ee t e x t
J
N Y I, E A W D A I Co 1st M (V 50 p 8 2 ) .......... F .c*
—
1883
1,000
3 ,396,000
6
f
A
J
do
N Y P a A O h io p rior Hen m tge g o ld $ o r £ ____ F .c*
422 1880
500 A c
8,000 000
4H g M A
S See te x t
n
Leased lines— sec separate sta te m e n ts for Cl evelan d A M ah o n ln g V a lle y R R an d Shar on R y
Do
cN Y S u sq u eh an n a A W estern— N o rth e rn N ew Jers e y — T lo g a R R — See e ach co m p a n y
C— Erie R a ilroa d C o m p a n y B o n d s
__S econ d M on B uff A S W gold e x t 1908
M n.xe"
67 1895
1 .non
1 .000.090
5 g
T A
J
S ee te x t
J u ly 1 1918
D U L U T H W I N N I P E G & P A C IF IC R Y .— C on trols the D ulu th R a in y
L a k e A W in n ip e g R y . ex te n sio n fro m V irgin ia , M in n ., n orth to a c o n n e c ­
tio n w ith th e C a n adian N orth ern a t In te rn a tio n a l F alls, g iv in g th at road
a c c e s s to D u lu th an d T w o H arbors at th e h ead o f the G rea t L a k es. T o
b u lld ia n e x te n s io n from V irgin ia to D u lu th , 75 m iles, and b ran ch es and
spu rs fo r in d u stria l an d m in ing pu rp oses; also d o c k s a t D u lu th , w here
v a lu a b le sites fo r term inals have a lr e a d y be e n s e cu re d .
V . 87, p . 1605,
1664: V . 88 , p . 563, 623 , 88 2 , 1252.
I n c o r p o r a t e d In M arch 1909 w ith
$ 6 ,0 0 0 ,0 0 0 a u th o r iz e d s t o c k .— (V . 8 8 , p . 822 , 88 2 , 1252.)
D U R H A M & SO UTH C A R O L IN A R R .— D u rh am , N. C ., so u th 30 m iles
to M Inturn on the S ea b oa rd A ir L in e. S t o c k , $ 30 0,00 0; p ar, $100.
B o n d s,
see t a b le .
Y e a r e n d in g J u n e 30 1907, gro ss, $72 ,397 ; n e t, a fte r ta xes,
$ 2 0 ,2 5 8 .
P r e s ., E rnest W illia m s , L y n ch b u r g , V a .— (V . 8 1 , p . 840 .)
D U R H A M & S O U T H E R N R R .— E a st D u rham to D u n n , N .C ., 59 m iles;
D u rh a m to E ast D u rh am , 2 m iles; to ta l, 61 m iles. S to c k a u th o riz e d ,
$ 1 ,0 0 0 ,0 0 0 ; ou ts ta n d in g , $600,000; par, $100.
B o n d s, s e c table a b o v e .
F o r y e a r en d in g Ju n e 30 1908, gross, $ 25 1,69 8; n e t, $127,859- o th e r re­
c e ip ts , $ 4 ,876; ch a rges, In clu din g ta x e s . $ 38 ,255 ; divid en d s ( 6 % ) , $ 3 6 ,000b a la n c e , su rp lu s, $5 8 ,4 8 1 .
P re s ., B . N . D u k e , N . Y .; T r e a s ., A . B D u k e ’
S e c ., F . L . F u ller.
O ffic e , D u rh am , N . C.
D U R H A M , U NIO N ST A T IO N C O .— O w ns passenger sta tio n at D urham
N . C ., o p en ed M ay 1 1905 and used b y the Sou th ern R y ., S ea b oa rd A ir Line
R y ., N orfolk A W estern R y . and D urham A S o u th e rn , w h ich each ow n one
lo u r th o f $33 ,300 s t o c k .
L ease p ro v id e s fo r rental b v several lines su fficie n t
t o p a y Int. an d o th e r ch arges.
P re s., H . W . M iller; S e c ., G . N . F reem an.
D Y E R S B U R G N O R T H E R N R R .— D y e rsb u rg , T e n n ., to T lptonvIU e,
31 m iles. A n e x te n s io n from T Ip to n v ille to H ic k m a n , 25 m iles, Is e x p e c te d
to be c o m p le t e d a b o u t A p ril 1910.
In O c t o b e r 1909 acq u ire d b y
n e w p a r t ie s .
V . 8 9 , p .9 9 3 .
S to c k , $30 0,00 0; par, $100.
B on ds ($ 1 ,0 0 0 ,­
000 a u th o r iz e d Issue) are s u b je c t to call a t 105 on J u ly 1 1911: B ank o f
C o m m e r c e A T ru s t C o. o f Atcm phls, tru stee; P r e s ., S. G . L a tta : S e c. an d
T r e a s ., J . C. D o y le .— (V . 8 9 , p . 993.)
E A S T B R O A D T O P R R . & C O A L CO. ( P a .) — O w ns fro m M ou n t U n io n ,
P a ., to W o o d v a le , P a ., 31.13 m iles; O rb lson la to G ro v e s, 1.70 m .; B o o k e r
J e t. to B o o k e r, 2.36 m .; op era te s Shade G an R R ., 4 .7 7 m ., and R o c k y R R .,
4.93 m .; t o ta l, 4 4 .8 9 m . See V . 75, p. 77. A co a l road o p e n e d >n 1874.
S t o c k , $ 8 1 5,58 9 (p ar $ 5 0 ), o f w h ich $247,189 Is 6 % n o n -c u m . pref.
First
m tg e. 4s ($500,000) e x te n d e d In 1908 to Jan . 1 1958. S e co n d m tg e . 4 %
In com e b o n d s, $ 46 6,70 5, due Jan . 1958, give n In 1908 fo r b a ck Interest
fro m 1885.
Car tru sts, $42 ,000 ; In t., 6 % , p a y a b le .J.-D .
Y e a r 1908-09.
gross, $ 18 0,65 9; n e t, $82 ,622 ; o th e r in c o m e , $ 10 ,511 ; Interest on b o n d s,
£ c"
520: b a la n ce, su rplu s, $70,613.
P r e s ., R . S. Slebert, O rb lson la,
Pa.
O ffic e , 406 L a fa y e tte B u ild in g, P h ila d e lp h ia .— (V . 77, p . 145.)
E A S T M A H A N O Y R R .— O w ns from E ast M ah an oy Ju n ctio n to S t.
N ich olas an d bran ch es. 11 m iles; 2d track , 2.10 m .; to ta l track , 19.70 m .
R e-leased D ec. 1 1896 for 999 years to L ittle S ch u y lk ill N a v . R R . A Coal C o.
at 5 % on s t o c k , and lease assigned to P h lla. A R e a d in g R y .
O f the sto ck
$280,000 w as d e p o s ite d b y R e a d in g C o. u n d er Its general m o rtg a g e .
E A S T P E N N S Y L V A N IA R R .— O w ns R e a d in g , P a ., to A lle n to w n , P a .,
35.38 m iles; 2 d track , 27.17 m .; all t r a c k ,87 .5 0 m iles. Leased fo r 999 years
fro m M ay 1 1869 to the Phlla. A R e a d in g R R . at a rental o f 6 % per ann um
o n the s tock and Interest on the b o n d s.
L ease assum ed In 1896 b y the
P h lla A R ea d . Ralluvr// C o.
O f the s t o c k , $ 1 ,0 9 6 ,7 0 0 w as ow n e d b v R e a d ­
in g C o. J un e 30 1909, $1,0 9 2 ,8 5 0 b e in g d e p o s ite d u nd er gen . m tg e . o f 1897.
E A S T T E N N E S S E E & W E S T E R N N O R TH C A R O L IN A R R .— A n arrow gauge road from J oh n son C ity , T e n n ., to C ran berry , N . C ., 34 m iles.
E x­
tension from J oh n son C ity to H a m p to n , T e n n ., 15 m ., w as co m p le te d as
third rail In D ec. 1906. S t o c k , $ 50 1,90 0. C on trolled b y the C ran berry
Ir o n A Coal C o.
F o r year en din g Ju n e 30 1908, gross, $23 9,14 2; net, $ 1 1 1 ,­
518; o th e r In com e, $ 2 ,8 0 9 ; In t., taxes, A c ., $34 ,269 ; b a l., s u r ., $ 80 ,058 .
P r e s ., F . P . H o w e , P h lla ., P a .— (V . 82, p . 333 . 1379.)
E A S T E R N K E N T U C K Y R Y .— R iv e r to n to W e b b v llle , K y ., 36 m . S t o c k ,
c o m m o n , $ 1 ,6 9 7 ,8 0 0 ; p referred , $ 1 ,779,500 ; p a r, $100.
N o b o n d s.
Bills
p a y a b le an d car trusts Ju n e 30 1908, $ 51 ,008 .
Y ear 1907-08, gro ss, $ 5 0 ,­
399; net a fte r ta xes, $421.
E L P A SO & N O R T H E A S T E R N C O .— O w ns the El Paso A N ortheastern
R y ., from El Paso, T e x a s , n ortheast 165 m iles, to the S alad o coa l fields
con trols and operates El P a so A R o c k Island R y ., C arrlzosa to S an ta R o s a !
128 m .; A la m a g o r d o A S a cram en to M tn. R y ., A la m a g o r d o , N . M ., to
R u ssia, 31 m .; D aw son R y ., L ib e rty , N . M ., to D aw son , 133 m .; to ta l, 457
m iles. N am e ch an ged from N ew M exico R y . A Coal C o. In 1905. O perated
as eastern d lv ’ n o f El P a so A S o u th w ’ n C o ., lessee, the w estern d l v ’ n bein g
tb e El P a so A S ou th w estern R R . , El P a so , T e x ., to B en son , A r lz ., w ith brs.
1 he El P a so A R o c k Island R y . w as In corp orated In 1902 w ith $ 2,500,000
^
vvblch 6 0 % ow n ed b y the El P a so A N orth ea stern C o.) and
*
9,’,?,00 5<?» g u aran teed 50-year b o n d s.
It has close tr a ffic agreem en t
w ith C h ic. R ock Island A P a cific fo r 999 years. V . 71, p. 1219.
T h e D aw son R a ilw a y A C oal C o ., s to c k $ 3 ,0 0 0 ,0 0 0 , has Issued $ 3,000,000
collateral trust b on d s, w h ich are gu aran teed , prin cipa l and Interest, and are
lecu red b y the s tock and b on d s ($3,000,000 each) o f the D aw son R y ., and
!-h °s e o f the D awson Fuel C o. ($1,0 0 0 ,0 0 0 e a c h ), the latter o w n in g a b o u t
2 5 .000 acres o f co a l, m ineral and tim b e r lan ds, be in g so ld In 1905 to the
S ta g C a n on F u el C o.
V . 73, p . 900; V . 74, p . 776: V . 87, p . 1604, 1536.
S T O C K .— S t o c k , $ 1 2 ,0 0 0 ,0 0 0 , all o f o n e ciass
In M a y 1905 P h e lp s .
D od g e A C o. Interests, It Is u n d e rs to o d , a cq u ire d en tire s to c k o f sy ste m .
B O N D S .— T h e N ew M exico R y . A C oal C o . co ll, trust 5s o f 1897 are
secured b y the s to c k an d bon d s o f El P aso & N . E . R y . o f N ew M ex. ($2 700 .000 o f e a c h ), the stock o f the El Paso A N . E . R R . o f T e x a s , 8300.000
(n o b on d s issued) .a n d all the s to ck ($2,5 0 0 ,0 0 0 ) and all the b o n d s ($ 1 ,5 0 0 .­
000) o f the N ew M exico Fuel C o ., the la tter c o v e r in g 3,5 0 0 acres o f coal
lan ds.
O f the first and con so lid a te d and co ll, trust 5s o f 1901, $3,000,000
are reserved to retire the co ll, trust 5s o f 1897 and $2,0 0 0 ,0 0 0 are ap p lica b le
fo r Im p rovem en ts and new eq u ip m e n t.
V . 74. p. 776.
T h e b on d s o f the A la m a g o r d o A S a cra m e n to M tn . R y ., o f the El P a so A
R o c k Island and those o f the D aw son R y . A Coal C o . arc gu a ra n te e d .




E A R N I N G S .— 2 m o s ., f l 9 0 9 ................... G rdss, $ 1 ,1 8 9 ,0 8 4 , n e t, $ 4 9 3,54 9
J u ly 1 to A u g . 31.
119 08---------------- G ross, 1 ,0 5 0 ,7 1 0 ; net, 4 1 3 ,2 0 2
R E P O R T .— F o r y e a r e n d in g Jun e 30 1909, o f en tire El P a so A S o u th onS>ist.e m o l 866,-,r? 1 ? ) > Kross, $ 7 ,2 7 4 ,0 1 4 ; n e t, $ 2 ,3 8 4 ,9 0 5 .
,o
N. Y .
o ffic e , 99 J o h n S t .— (V . 8 1 , p . 508; V . 87, p. 1605.)

DEPOT.— O w ns d e p o t at El P a so , T e x . ,
w hich w as co m p le te d a b o u t N o v . 1 1905.
Leased b y El P a so N orth ea stern
a 1^ ,aS-?-;SoUi h r s ! c r !\’ GrSlveston H arrisbu rg A San A n to n io (S o. P a c. S y s . ) !
,!rnvi u ®a? ta F e , T e x - & P a c - an d M cx . C en t, railroads on a w h e cla ge
’
basis p ro v id in g fo r m ain ten an ce and all charges. S t o c k , $ 2 4 0 ,0 0 0 , o w n ed
eq u a lly b y the six roads n a m ed .
O f the bon d s (see table a b o v e ) , $12 ,000 Is
to be draw n yearly Jan . 1 b y lo t, b e gin n in g 1916, and p aid o ff at par.
V . 78, p . 104; V 8 1 , p. 1043.
P re s., J. E . H u rle y ; S e e ., VV. R . M a rtin ,
T r e a s ., U. S. S te w a r t.— (V . 81. p. 1043; V . 82, p. 1496.)
ELGIN JOLIET & EASTERN RY. — O w ns fro m W a u k e g a n , 111., on L a k e
M ich igan , v ia .Spaulding a n d J o lie t, to P o r te r , I n d ., 1 29 .94 m iles, an d
bran ch es N o rm a n to w n to A u rora, 9 .6 5 m iles— W alk er to C o ste r, 111.— 33 30
m iles; H a m m o n d to W h itin g , I n d ., A c ., 16.39 m iles; R o c k d a le J e t . to R o c k ­
dale, 6.57 m iles; to ta l m ain line o w n e d , 195.85 m iles; spu rs to c o a l m ines
Ac._, 36.24 m iles: tra ck a g e , C h ic. A W e s t. I n d ., 4.8 m .; B elt R y . o f C h icago
2 .0 o m .; 2d tra ck , 29.91 m .; sidetra ck s an d yard s o w n e d , 118.81 m .; t o t a l
track o p e ra te d , 387.66 m iles. O w n ed b y F ederal Steel C o. a n d so b y U . S
V vB vP ’rhP TT1' « L f2® e ? o h , ° ’ L ‘ S - * EaSt" f o r 50 yCarS f r o m J u n e 1 1 9 0 9

K

J ~ f .i l

[n i'c r o ,,S % . s C ' p V S " ' " ' ' •“

p.r°So.-% iV TA ^

4H %

b o n d ,.

,n J“"° > » •
»»

E A R N I N G S .-— 11 m o s .J 1 9 0 8 -0 9 .............G ross, $ 2 ,2 9 7 ,0 1 0 ; n e t, $85 2 ,1 9 5
J u ly 1 to M a y 31.
1 1 9 07-08-----------G ross, 2 ,2 1 2 ,6 9 7 ; n et, 807 ,04 5
Y ea r end. J u n e 30. G ross.
N et.
Other In c . I n t., A c .
S u rp lu s.
1 9 0 8 -0 9 ------------------ $ 2 ,9 5 4 ,9 6 9 $ 1 ,008,203 $183,113
$623,663
$56 7,65 3
730,401
1 9 0 7 -0 8 ------------------ 2 ,389,862
179,052
468 ,126
441 ,3 1 8
1 9 0 6 -0 7 --------------2,7 1 5 ,9 1 6
842,791
16,774
425 ,000
4 3 4 ,5 6 5
D ivid e n d s ( 4 % ) , paid y e a r ly , $ 24 0,00 0.
P r e s ., A . F . B a n k s.- - ( V . 88 ,
p. 1 127, 1252, 1372; V . 89, p. 41.)

ELMIRA & LAKE ONTARIO RR. — O w ns from C a n an da igu a , N. Y. to
C h em u ng J e t ., 64 m .; S odu s P o in t to S ta n le y , 34 m .; o th e r, 2— to ta l, 100 m
L ea sed at c o s t o f o p e r a tin g to the N o rth e rn C en tral, w h ich ow n s all the
$ 1 ,5 0 0 ,0 0 0 s t o c k .
Lease m a y be te rm in a te d o n 30 d a y s ’ n o tice .
, C a l . Year—
G ross.
N et.
I n t., A c .
B a lan ce.
199» .................................. $ 1 ,0 5 5 ,1 3 9
$66 ,897
$19 1,52 7
d c f.$ 1 2 4 ,6 3 0
19 0 7 ................................... 1 ,248,549
61,918
130,660
d e f. 6 8 ,7 4 2
ELMIRA & WILLIAMSPORT RR. — O w ns fro m W illia m s p o rt, P a ., to
E lm ira , N . Y ., 73.4 9 m iles.
Leased to the N o rth . C en t. R y . fo r 999 years
fro m M ay 1 1863. T h e d lv s. on the c o m . s to c k are 5 % and on the pref. 7 % .
less taxes, m ak in g d iv . on c o m . 4 .7 6 % an d on pref. 6 .6 0 % .
Y e a r e n d in g
D e c. 31 1908, gross, $ 1 ,6 0 6 ,3 8 1 ; n et, $38 3,02 2; ren tal. $15 4 ,5 3 6 .
E R I E * PITTSBURGH RR.— O w ns N ew C astle, P a ., t o G irard , P a .,
79.56 m iles: bra n ch to Erie d o c k s , 3.41 m .; tra ck a ge to E rie, 16.74 m .; to ta l
o p e r a te d , 99 71 m iles.
L eased t o P en n . R R . fo r 999 years In 1870 a t 7 %
o n s to c k an d Interest on b o n d s, a n d lease transferred t o P e n n . C o.
U n d er
a g reem en t o f N o v . 1 1905 the P en n . R R . w ill p ro v id e sin k in g fu n d Install­
m ents requ ired b y the gen . m tg e ., the E . A P . to d e liv e r Its 3
d e b e n tu res
a t p a r fo r su ch a d v a n ce s an d at m a tu r ity o f the gen . m tg e . b o n d s to e x ­
ch an ge new m tge. b o n d s th erefor. D e b e n tu re s o u ts ta n d in g Ju n e 1 9 0 0 ,
$192,843 (Interest J . A J . ) .
S T O C K .— T h e sp ecial b e tte rm e n t s to c k ($ 2 ,5 0 0 ,0 0 0 a u th .) Is su b o rd in a te
to the o ld s t o c k , b u t gu aran teed 7 % d iv id e n d s .
D iv id e n d s o n o ld s t o c k
are s u b je c t to a 4-m Ill ta x on assessed v a lu a tio n , th ose o n special b e tte r m e n t
s to c k are ta x -fre e .
E A R N I N G S .— T h e p r o fit to th e lessees In 1905 w as $ 4 4 2 ,0 5 0 ' In 1006
$475,744; In 1007, $634,366: In 1908, $ 9 0 ,4 7 6 .— (V . 8 4 , p . 749.)
ERIE RAILROAD.— (See M a p on a djoinin g p a g e .)— E m braces tru n k ­
line from Jersey C ity, o p p o s ite N . Y . C ity , to C h ica g o , 111., 998 m ., an d
bran ch es, 1,397 m .; to ta l. 2 .3 9 5 m .; s e co n d tra ck , 895 m .; 3d and 4th tra ck s.
33 m iles; t o ta l, all track s, 3,323 m iles.
L in es owned in fee —
M ile s . | Leased lin es—
M ile s
P le rm o n t, N . Y . , to D u n k ir k -. 4 4 7 | A v o n G en. A M t. M orris
*15
B u ffalo to J a m e sto w n , N . Y . .
6 7 1M o n tg o m e ry A Erie
*10
B u ffalo to C orn in g, N . Y .............
140 |Northern R R . o f N . j ...............
*25
O th er b r a n c h e s .......... ..................... 144|G oshen A D e c k e r t o w n ................ *12
Stock all (a) or nearly all ( b) owned. (R o ch e s te r A G enessee V a lie v
*18
aC h lcag o A Erie R R .......................*250 | ()th er lin es..................................... 45
? / e ?rers? rV,p p ----------------------------- *45 | Leased to N y p a n o R R .
N . Y . A G reen w ood L a ke R R . *52|C leve. A M ahoning V a lle y R R . *81
bN ew Jersey A N ew Y ork R R . *38 (Sharon R a ilw a y . . .
*32
Erie A W y o m in g V a lle y R R . . .
59 |Other lin es.............
. 54
a N y p a n o R R .....................................*422 | ra ck a g e........................................I . . .
T
221
bT lo ga R R . .......................................
58 |
-----------O th er lin e s .......... ............................... 157|L lncs In system Jun e 30 ’ 0 9 ____ 2,395
Sec this c o m p a n y .
|N. Y . S u squehann a A W e s t ___ *236
. H I S T O R Y . — O n D e c. 1 1895 s u cce e d e d , p e r plan In V . 61, p . 3 6 8 , th o
N . Y . L a k e Erie A W estern R R C o ., so ld In fo reclosu re u n d e r Its 2d c o n ­
solid a ted m tge. T h e c o m p a n y h olds In feo o r th rou gh ow n e rsh ip o f all
o r p ra ctica lly all the sto ck o f the Indepen den t co m p a n ie s the line from
N ew Y o r k to C h icago (In cluding the N y p a n o H R . and C h ic. A Erie c o m ­
panies) , a n d also all su bsid iary lines e x c e p t a few sm all p r o p e rtie s .
C O A L A N D S T E A M B O A T P R O P E R T Y .— T h o E rie co a l p rop erties re p ­
resent an aggregate o f 12.400 acres o f a n th ra cite , o f w h ich a b o u t 9,0 0 0 acres
are held In fee: also 53,000 acres o f bitu m in o u s coal lands held In fee, 14 000
acres o f bitu m in ou s held u nd er m ineral rights.
Its coal ton n age In the
year 1908-09 aggregated 1 6 ,843,417 o u t o f the 3 2 ,7 9 7 ,2 0 5 tons h au led.
The U nion S te a m b o a t Line (m erged In Erie R R . C o. Jun e 30 189 6 ), has
term in al, A c ., p rop erties In B uffalo and 8 lako steam ers. See V. 63, p . 514.
1 he P e n n , coa l p ro p e rtie s a cq u ire d In 1901 arc a d d itio n a l. V . 82 p . 132 2.

RAILWAY STOCKS AND BONDS.
O ct .. 1909.)



R A IL R O A D S
F o r exp la n a tion of colu m n headings, & c ., see notes
on fir s t page o f tables.

M ile s D a te
of
of
R oad B on d s

E rie R a ilr o a d — (Concluded) —
P r io r lien b o n d s $ 3 5 ,0 0 0 ,0 0 0 g o ld ...................... F .c * & r
1895
G eneral lien 8 1 4 0 .0 0 0 ,0 0 0 g o l d - . - ........................ c* & r
1895
P e n n c o ll tru st M 836 ,0 0 0 ,0 0 0 g s t ( t e x t ) - _ M e .c & r
1901
F irst c o n v m tg e $50 ,000 ,00 0 g o ld Series A ___ S c * & r
1903
do
do
do
Series B ___________
1905
C oll tr g n otes $ 1 5 ,0 0 0 ,0 0 0 red p a r.............B a .x o *
1908
E rie & J ersey n otes secured b y E & J b o n d s _______
1907
N Y P a & O h io eq u ip trusts sink fund draw n a t 100
’88-9 0
V a rio u s c a r trusts o u ts ta n d in g Ju n e 30 1 90 0_______
A v o n G eneseo & M t M orris a n d K u ch e ste r & G enes ee Val le y ,Sto
E v a n s v ille & I n d — 1st M g o ld g u a r ______________ F .c*
55 1884
C on s M ($ 2 ,5 0 0 ,0 0 0 ) g gu p & 1 (en d) E & T H .F .c *
135 1886
E v a n s v ille & Terre H aute— C o m m o n s t o c k ____________
P referred s t o c k n o n -c u m u la tlv e (see t e x t ) _______ Ta
115 1880
C o n s o lid a te d m o r tg a g e (first Hen) g o ld ....................... 144 1881
F irst c o n s o lid a te d m ortg a g e g o ld ------------------------F .c *
25 1883
M ou n t V e r n o n B ran ch m o rtg a g e g o l d - - - ______ F .c*
1890
S u lliva n C o C oa l B ran ch m o rtg a g e g o ld ................F .c*
1892
F irst general m ortg a g e fo r $ 7 ,000,000 g o ld -------F c*
E q u ip b o n d s S eries B d u e $ 20 ,000 s -a ----------------- Ba
1905
do
S eries C d u e 860 .000 s-a (V 82 p 627) .Ba
1906
F itc h b u r g — P referred 5 % re n ta l------------------------------------1887
B o n d s t o S ta te o f M ass 4 % sin ce F e b 189 7-------------r
B o n d s n o t m o r tg a g e ----------------------------------------------- c & r
1890
B on d s n o t m o r t g a g e ---------------------------- — ------------- c*
1894
B o n d s n o t m o r tg a g e ($ 1 ,3 5 9 ,0 0 0 d u e 1 9 1 5 )---------c*
’95-96
B o n d s n o t m o r tg a g e ($ 2 ,7 5 0 ,0 0 0 a r e 4 s o f ’ 9 7 ) - .c & r
’97-98
B o n d s n o t m o r tg a g e ($ 1 ,7 7 5 ,0 0 0 are 3 % s o f ’ 0 1 )c& r
’00-01
B o n d s n o t m o r tg a g e $ 2 ,000,000 a u th o r iz e d — c * & r
1907
B o n d s n o t m o rtg a g e $3,66 0 ,0 0 0 c u r r e n c y -........... c & r
1905
B o n d s , n o t m o r tg a g e $ 2 ,4 0 0 ,0 0 0 .............................. c & r
1908
T r o y & B o s to n first m o r tg a g e (V 53 p 4 0 5 )------ c& r
1874
B r o o k lin e & P ep p erell p lain b o n d s g u ar ( e n d ) ____ e
1891
V e r m o n t & M assach u setts p lain b o n d s g u a r____ c& r
1903
F itz g e r a ld O ciila & B r o x to n — 1st M $300,000 g red 110
1007
F lin t & Pere M a rq u ette— See P ere M a rq u e tte statem en
1907
F lo rid a C entral— F irst m tg e $200,000 g o ld (see t e x t ) .
F lorid a C en tral & P en in su lar— See S e a b o a rd A ir L in e R y

l5i)

__

S iz e , or
Par
A m ou n t
V a lu e O utstanding

W hen
P a ya b le

&
J
$1,000 $35 ,0 0 0 ,0 0 0
J
4 g
J
&
J
1,000 35 ,8 8 5 ,0 0 0
4 g
F & A
34,UUO,000
1000&C
4 g
1,000 &c 10 ,0 0 0 ,0 0 0
A
& O
4 g
A & O
1,000 &e 1 1 .015,000
4 g
A & 08
1,000 &c 13,984,1)00
6 g
6
3,00 0 .0 0 0
£ 10 0
93,942
V a rio u s
5 g
8 35 ,785
ck s— See th ose C om p antes
1,000
647.000
J
&
J
6 g
J
&
J
1,000
1 ,8 5 3 ,0 0 0
6 g
50
3,98 7 ,3 8 3 4 In 1909 Y e a rly
50
1,283,333 5 In 1909 A & O
30,000
J
&
J
1,000
6 g
J
1,000
3,000,000
&
J
6 g
A
1,000
375,000
& O
6 g
1,000
450,000
A & O
5 g
A & O
1,000
3 ,1 45,000
5 g
1,000
220,000
& A
ah e F
1,000
780,000
AH g F & A
100 17.910,000
5
Q— J
1,000
5,000,000
4
M & N
4
1,000 &c
& D
500,000
J
1,000
500,000
M & N
AH
4
1,000
1,859,000
V a rio u s
4
1,000 &c
V a rio u s
4,200,000
1,000 &e
A & O
2,275,000
3H
1,000 &c
2,000,000
A
A & O
1 ,000 &c
A
3,660,000
M & N
1,000 &c
M & N
2,40 0 ,0 0 0
AH
7
&
J
1,000 &c
573,000
I
& D
1,000
5
100,000
J
1 ,000 &c
M & N
772,000
3H
&
J
1,000
150,000
J
6 g
10,000

S T O C K .— T h e v o tin g trust w as disso lve d M ay 1 1904. V . 7 8 , p . 1549.
T h e p rior lien a n d the general Hen b o n d s o f 1895 h ave 10 v o te s fo r each $1 ,­
000 o f p rin cip a l, their au th orized Issues a g g re g a tin g $ 1 7 5 ,0 0 0 ,0 0 0 , o f w h ich
$ 8 0 ,3 4 2 ,0 0 0 Issued In in lv 1!K9
P rovision s o f p referred s t o c k w ere In
" S u p p le m e n t ” o f A p ril 189 7, page 3 . V . 6 6 , p . 3 3 5 , 573.
D I V I D ’ S (casn) % —
1 1001. 1902. 1903. 1904. 1905. 1906. 1907.
1%
3
3%
4
4
4
A p r . 2,
O n first p r e fe rr e d ________ )
O n secon d p r e fe rr e d ---------j
-.
..
..
..
2
4
A p r .2,
B O N D S .— T h e new first co n s o lid a te d m tg e . Is fo r $ 1 7 5 ,0 0 0 ,0 0 0 (F a rm e rs’
L oa n & T ru st C o ., tru stee )— see a b s tr a c t o f d eed V . 62, p. 8 9 , and secures
$ 3 5 ,0 0 0 ,0 0 0 p rior lien and $14 0,0 0 0 ,0 0 0 general lien b o n d s.
B o th series
h a ve v o tin g p o w e r : see “ S t o c k ” a b o v e .
O f the $ 1 4 0 ,0 0 0 ,0 0 0 aeneral lien bonds, $92 ,0 7 3 ,0 0 0 w ere reserved fo r the
u ltim a te a cq u is itio n o f b o n d s and gu aran teed sto ck s left u n d istu rb e d on
v a rio u s parts o f the system (see list V . 62, p . 8 9 ), and $17 ,000 ,00 0 w ere
reserved fo r new c o n s tr u c tio n , b e tte rm e n ts, a d d itio n s , & c ., a fter 1897,
n o t o v e r $ 1 ,0 0 0 ,0 0 0 to b e used In a n y o n e y e a r.
T h e p osition o f the first co n s o lid a te d m o rtg a ge Is su b sta n tia lly as fo llo w s :
I t Is a first lien (m ortg a g e o r co lla te ra l, the p rior Hen b o n d s , h o w ev e r, p re­
ced in g the general Hen bon d s) u p o n the c o ’ s ch ie f coal properties (e x ce p t
P e n n . C oal C o.) u p o n Its w ater tra n sp o rta tio n lines (In clu din g v a lu a b le te r­
m inal prop erties a p p u rten a n t t h e r e t o ), and u p o n a n u m b e r o f pro fita b le
loca l lines In N ew Jersey and near B u ffalo; It Is a second lien upon certain
m in or coal p rop erties and u p o n th e railroads leadin g to all the coal pro p e r­
ties, u p on th e term in als at J ersey C ity , u p on the B u ffa lo N . Y . & Erie R R .
(th e m ain line t o B u ffa lo ), an d th e B u ffalo term inal p rop erties o th e r than
th ose u p on w h ich It Is a first lien, an d u pon the en tire line fro m S alam an ca
to C h ica g o: It Is a second consolidated mortgage u p o n the lines b etw een P ierm o n t a n d D u n k irk (447 m ile s ).
T h e collateral trust 4s o f 1901 are secured b y 5 1 % o f the e n tire N . Y .
S u sq . & W estern s to c k ($ 2 6 ,0 0 0 ,0 0 0 to ta l Issue), all o f th e P e n n sy lv a n ia
Coal C o s t o c k , an d th e s to c k o f the Erie & W y o m in g V a lle y R R . , S cra n to n ,
P a ., to L a ck a w a x e n . 65 m iles, and D elaw are V a lle y & K in g sto n R R .
A
sink, fu n d o f 10c. per ton o f coal sold purchases b o n d s at n o t e x ce e d in g 105,
oth erw ise t o be ap p lied t o the d ra w in g o f b o n d s b y lo t, all su ch b o n d s t o be
k ep t a liv e an d th e a c cru in g Int. thereon t o b e a d d e d to th e sin kin g fu n d ,
w h ic h . It Is e s tim a te d , w ill be su fficie n t t o retire the w h o le Issue at o r b e fo re
m a tu r ity . V . 7 1 , p. 1219, 1311: V . 7 2 , p . 4 4 , and circu lar, p. 136, 5 3 2 ,2 5 7 .
V . 7 9 , p. 212.
In 1901-09 $ 3 ,1 3 9 ,0 0 0 Inclu ded a b o v e as o u tsta n d in g was
p u rch a sed b y th e sin kin g fu n d .
T h e c o n v . 4s o f 1903 ($ 5 0 ,0 0 0 ,0 0 0 a u th orized Issue) will be Issued from
tim e t o tim e as req u ir e d an d m a y b e m a d e co n v e r tib le Into c o m . s to ck at a
price t o b e fixed w hen th e b o n d s are Issued, b u t n o t less than $ 4 1 % per
share: th e y will c o v e r all th e c o m p a n y ’s p r o p e r ty s u b je c t t o u n d e rly in g liens.
T h e first $ 1 0 ,0 0 0 ,0 0 0 (series A ) Issued fo r Im p rovem en ts and eq u ip m e n t Is
co n v e r tib le on basis o f $100 b o n d s fo r $200 s to ck t o A p ril 1 1915.
Series B b o n d s fo r $ 1 2 ,0 0 0 ,0 0 0 are c o n v e r tib le In to c o m m o n s t o c k at
$60 per share a t a n y tim e sin ce O c t . 1 1907 an d b e fo re O c t . 1 1917. V . 7 6 ,
p . 3 8 2 , 541; V . 7 8 , p . 768: V . 7 9 . p . 2205: V . 8 4 , p. 270.
T h e Erie & Jersey R R . , w ith $ 60 0,00 0 a u th . s t o c k , c o m p le te d In J a n . 1909
a low -g ra d e cut-olT fro m H igh la n d M ills, via C a m p bell H all, t o G u y m a rd ,
N . Y . , a b o u t 40 m iles.
In Ju n e 1907 $ 3 ,0 0 0 ,0 0 0 3 -y e a r Erie & Je rse y 6 %
n otes w ere s o ld , s ecu red b y $ 4 ,0 0 0 ,0 0 0 E . & J . b o n d s (au th . Issue $ 1 0 ,0 0 0 ,­
000 1st 5 0 -y ea r 4 s ). V . 8 0 , p . 262 1: V . 8 4 , p . 693, 1366: V . 87, p . 1160.
In Jun e 1907 th e G enesee R iv e r R R . w as a u th orized t o m ake $ 6 ,000,000
m tg e. c o v e r in g road tinder co n s tru ctio n from H u n ts to C u ba, N . Y . . 30 m .
A loa n o f $ 2 ,0 0 0 ,0 0 0 due 1910 w as o b ta in e d , secu red b y Its b o n d s. V . 84,
p 1366, 1488; V . 81. p . 777.
T h e Issue o f $ 1 0 ,5 0 0 ,0 0 0 o f th e 6 % 3 -y e a r co lla te ra l g o ld n o te s au th o riz e d
In 1908 (o f w h ich $ 38 ,000 w e re la te r re tire d b y the sale o f p a rt o f the c o lla t­
eral) h ad as colla tera l s e c u r ity In M ay 1909 th e fo llo w in g : $9 ,4 5 7 ,0 0 0 E rie
R R . C o. “ gen era l lie n ” b on d s (a d d itio n a l to the $35 ,8 8 5 ,0 0 0 sh ow n a b o v e as
o u ts ta n d in g ): $98 5 ,0 0 0 E rie R R . C o . “ co n v e r tib le b o n d s, Series " B ” ;
$ 6 2 5,00 0 M utual T erm in al C o. o f B u ffalo first m tge . b o n d s: $336,000 Erie
R r . C o . P e n n s y lv a n ia colla tera l b o n d s: $ 1 ,1 5 4 ,0 0 0 H o ck in g V a lle y R y .
C o. c o m . s to c k ; $ 14 5,70 0 T e m p le Iro n C o . ca p ita l s to c k ; $ 13 4,00 0 L eh igh
& H u d s o n R iv e r R y . C o . ca p ita l s t o c k ; $ 5 ,0 0 0 ,0 0 0 Interest o b lig a tio n s
an d c o u p o n s o f E rie R R . s y s te m , p u rch ased fro m holders d u rin g 1908-09.
In M ay 1909 $ 3 ,5 2 2 ,0 0 0 o f th e re m ain d er o f th e afo re sa id n o te s w as sold
fo r cash an d a rra n g em en ts m a d e u n d er w h ic h $1 ,0 2 7 ,0 0 0 fu rth e r c o u p o n s
an d Interest o b lig a tio n s m a tu rin g o n o r b e fo r e J u ly 1 1909 w ere purch ased
a n d d e p o s ite d th ereu n d er, as w ell as $ 1 ,0 0 0 ,0 0 0 a d d itio n a l general lien
b o n d s w h ich th e c o m p a n y Is e n title d to Issue a n n u a lly fo r a d d itio n s and
b e tte r m e n ts an d $40 9 ,0 0 0 c a r trust ce rtifica te s. V . 8 6 , p . 856 , 917, 1466;
V . 8 7 , p . 37; V . 8 9 , p . 1085, 1086.
C ar Trust S eries, Gold (D en om in a tion $ 1 ,000 each.)
D a te . In terest.
O utstanding.
M a tu re in Installm ents.
$ 4 0.000
F eb. 1 1910
L a s tin s ta llm ’ t
, F ” ..................1902 A H F & A
*G” * ............... 1904 4
J& D
1 60 .000 D e ce m b e r 1909
L a t l n s t llm ’ t
H ” ..................1905 4
J& D
1 ,0 0 0 ,0 0 0 D e c . '0 9 - J u n e ’ l l
$10 0,00 0 s .-a .
" I ” ................1005 4
J& D
4 ,u 0 0 .0 0 0
D e c. '0 9 -J u n e ’ 16
35 0 ,0 0 0 s .-a .
6 6 8 .0 0 0 M a v ’ lO -N o v . '1 6
4 7 ,0 0 0 s .-a .
*J” - ..................1906 4
M&N
4 6 4 .0 0 0 F > b . ’ 10 -F eb . ’ 17 S em i-a n n u a lly
*K” ..................1907 AH A & O
L ” ..................1907 5
J& J
1 .7 1 2 .0 0 0
T o J u ly 1917
10 ,000 s .-a
M ................ 1007 5
46 4 .0 0 0
T o J u ly 1917
2 9 ,0 0 0
s .-a .
J& J
“ N ” ................. 1907 5
2 .4 2 4 .0 0 0 O ct. ’ 1 0 -O ct. '1 7
1 52 ,000 s .-a .
A&O
" O ” ..................1907 5
850
T o O ct. 1917
50,000
s .-a .
A&O
“ P ” .................... 5
Q .-F .
272 ,214
T o A u g . 1912
............. - ..............
• Series " G ” Is su b leot to call at par sin ce D ee. 1907
I n te r e s t p a id : " A ” t o " G ” a n d “ J ” a n d " L ” in N ew Y o r k ; Series “ H ” at
G irard T r u s t C o ., P h ila d elp h ia : S eries “ I ” a t P en n . C o . fo r In su ra n ces o n
L iv e s , & c ., P h ila d e lp h ia : S eries “ K ” a t N a tio n a l B ank o f C o m m e rce , N ew
Y o r k ; S eries “ M ” a t G irard T ru st C o ., P h ila d e lp h ia ; Series " N ” a t First
N a tio n a l B a n k , N ew Y o r k ; S eries “ O ” a t C en tral T ru s t C o ., N ew Y o r k .
In F e b . 1909 pla n s f o r r e fu n d in g th e m a tu rin g prin cipa l o f ca r trusts
w ere u n d er c o n s id e r a tio n .
V . 88, p. 882.
L ong D ock 6s. see M arch 1894 “ S u p p le m e n t,” un d er N . Y . L. E. & VV.




I N T E R E S T OR D I V I D E N D S
R ate
%

200,000

6 g

M

&

W h ere P a y a b le, and by
W hom
See t e x t
See te x t
See te x t
do
do

B onds— P r in c i
v a l, W hen D u e
Stocks— L a st
D iv id en d

Lon don

Jan
Jan
F eb
Apr
Apr
Apr
1 910
1910

1 1996
1 1996
1 1951
1 1953
1 1953
81911

B a n k ers’ T r u s t C o N Y
do
do
C h eck s m ailed
C h eck s m ailed
B a n kers’ T ru st C o N Y
do
do
do
do
do
do
do
do
B lair & C o N ew Y o rk
do
do
O ffic e , B o s to n & M e B ost
O ffice F I t c h b u r g R R .B o s t
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
O w n e d b y A tl B & C ’stC o

J u ly 1 1924
Jan 1 1926
N ov 1 1909 4 %
O c t 15 1909 2 H
J u ly 1 1910
J u ly 1 1921
A p r 1 1923
A p r 1 1930
A pr I 1942
F e b ’ 1 0 -F eb *15
F e b ’ 1 0 -F e b ’ 16
O ct 1 ’0 9 1 H %
Feb 1 1937
l u n e l 1920
M ay 1 1914
1915 a n d 1916
1 9 2 7 -1 9 2 8
O ct 1 1 92 0-2 1
A p r 1 1927
M ay 1 1925
M ay 1 1928
J u ly 1 1924
D ec 1 1911
M ay 1 1923
J u ly 1 1937

N B ank o f T h o m a sv llle Ga N o v 1 1 9 1 0 -1 4

F I N A N C E S .— D u rin g th e y e a r e n d in g Ju n e 30 1909 th e c o m p a n y a n ­
n ou n ced th a t v a rio u s co u p o n s (a g g re g a tin g a b o u t $ 6 ,0 0 0 ,0 0 0 ) w o u ld b e
p u rch a se d o n p re s e n ta tio n to J . P . M organ & C o. In o r d e r to le a v e th e
c o m p a n y fu n d s fo r Im p rovem en ts an d a d d itio n s . C ou pon s d u e J u ly 1 1909.
t o a to ta l o f $1 ,7 0 0 ,0 0 0 w ere also p u rch ased (V . 8 8 J p . 1 6 2 0 ), a n d $ 3 ,­
5 2 2 ,0 0 0 o f th e rem ain ing $4 ,5 0 0 ,0 0 0 o f the 15 m illion n o te Issue o f 1908
w a s s o ld , secu red In p a rt b y these c o u p o n s . T h e Im p ro v e m e n t In th e finan­
cial o u tlo o k has led th e m an agem en t to a b a n d o n , at least fo r the p r e s e n t,
th e Issuance o f a n y o f tlje $30 ,0 0 0 ,0 0 0 b o n d s w h ich w ere to b e u se d t o ta k e
up the a foresaid n o te Issue an d t o fu n d th e $ 1 1 ,3 8 0 ,0 0 0 c o u p o n s m a tu r in g
o n th e p rio r lien b o n d s an d general lien b o n d s d u rin g th e five yea rs e n d in g
Ju n e 30 1914, an d it Is e x p e c t e d th a t fro m n o w o n these c o u p o n s w ill be
p a id , n o t m e re ly p u rch a s e d . C o m p a re V . 89, p . 1086; V . 87, p . 1245;
V . 88, p . 504, 853 , 882, 1061, 1127.
E A R N I N G S .— 2 m o s ., 1 19 09_________ G ross, $ 8 ,8 3 9 ,2 8 3 ; n e t , $ 2 ,4 0 4 ,0 9 5
J u ly 1 t o A u g . 3 1 .
J1 90 8_________ G ross, 8 ,5 0 2 ,3 4 9 ; n e t , 2 ,2 9 5 ,9 5 0
R e p o r t fo r 1908-09
A N N U A L R E P O R T .— F iscal y e a r en ds Ju n e 3 0 .
g iv e n a t len gth In V . 8 9 , p . 1064, 1083; e d ito ria l, p . 1040.
1908-09.
1907-08.
I n c . or D ec.
M iles o p e r a t e d _________________________
2,231
2,171
+60
G ross ea rn in g s_________
$ 5 0 ,441 ,16 2 $ 4 0 ,784 ,23 6
+ $ 0 5 6 ,9 2 6
W o r k in g e x p e n s e s ____________________ 3 6 ,9 0 4 ,2 8 5 41 ,0 3 1 ,6 9 6 — 4 ,127,411
N e t ea rn in gs______________ _______$13 ,5 3 6 ,8 7 6
In te r e s t o n s e c u r itie s _______ ________ $2,537,451
R e n ts , & c ., r e c e iv e d _______ _______
738,552

$8 ,7 5 2 ,5 4 0
$664,290
2,252,208

+ $ 4 ,7 8 4 ,3 3 6
+ $ 1 ,8 7 3 ,1 6 1
— 1 ,5 1 3 ,6 5 6

T o t a l n e t In co m e---------------------------- $16 ,8 1 2 ,8 7 9 $ 11 ,669 ,03 8
In te r e s t o n b o n d s __________________ I $9,669,733
$9,662,561
In te re s t o n collateral n o te s _________
520,327
R e n ta ls o f leased lin e s______________
983,587
’ 984',753
H ire o f e q u lp ’ t and Joint f a c il i t i e s ..
1,179,051
820,399
In te re s t o n ca r tru sts________________
733,164
722,643
P en n . C oal C o . sin kin g fu n d and m isc
779,373
1 ,102,104
A d d itio n s an d im p ro v e m e n ts _______
575,804
381 ,927

+ $5,143,841
+ $7,172
+ 520,327
— 1,166
+ 8 5 8 ,6 5 2
+ 10,521
— 322,731
— 103,877

B a la n ce , surplus o r d e fic it ____ s u r .* 2 ,5 6 5 ,7 1 7 d c f.2 il0 9 ,2 2 6

+ 4 ,7 6 4 ,9 4 3

* In a d d itio n t o $1,19 9 ,6 4 6 In com e fro m d iv id e n d s o n s to ck s o w n e d o r
c o n tr o lle d , $9 4 5 ,0 0 0 , w as re c e iv e d fro m earnings o f co a l co m p a n ie s In p a y ­
m e n t o f a d v a n ce s w ith In terest. T h e prin cip a l o f this d e b t w as c r e d ite d
t o c a p ita l a c c o u n t a n d th e in te re st to p ro fit a n d loss.
O F F I C E R S .— P res.. F. D U n d e r w o o d ; V .- P . an d G en. S o licito r , G . F .
B ro w n e ll; V Ice -P re s ., G . A R ich a rd s o n : S e c ., D a v id B o sm a n ; T r e a s ., D . W .
B lg o n e y ; C o m p ., M. P . B la u v clt, 50 C h urch S t ., N ew Y o r k ,
D IR E C T O R S .— Chas. S teele, J . J. G o o d w in . J o h n G . M cC u llou g h ,
O gd en M ills, F . D . U n d e r w o o d , G . A . R ic h a r d s o n , F ran cis L y n d e S te ts o n ,
G e o . F . B a ker, N orm an B . R e a m , H . M c K . T w o m b ly , E . H . H arrlm an,.
E . H . G a ry , G eo. W . P erkins, R . S L o v e t t , L . F . L o re e . W m . P . H a m ilto n .
— (V . 8 8 , p . 1436, 1560, 1620; V . 8 9 , p . 41, 224, 286, 106 4, 108 3.)

EVANSVILLE & I N D I A N A P O L IS R R . — O w ns E v a n sv ille t o T erre
H a u te . I n d ., (via W o rth in g to n ) 134 m .; leases b ra n ch . 12 m . A c o n s o lid a ­
tio n in 1885.
O f the c o n s o ls, $64 7,00 0 are h eld to m eet ls ts d u e 1924. T h e
co n so ls and the b o n d s o f 1924 are gu aran teed b y E v a n s . & T erre H a u t e ,
w h ich ow n s ca p ita l s t o c k , $ 2 ,0 0 0 ,0 0 0 . C o m p a n y ow n s n o e q u ip m e n t .
I n 1906-07, gross, $43 9,35 6: n e t, $ 12 8,61 7; Interest, ta x e s , & c ., $ 19 5,55 3;
b a la n ce , deficit fo r ye a r, $ 6 6 ,9 3 6 .— (V . 7 5 , p . 980; V . 8 9 , p . 103, 410 .)
EVANSVILLE & TERRE HAUTE RR.— (See M a p s R ock Islan d C o.) —
Controlled and operated. M ile s .
Road owned and operated. M ile s
E v an sville to T erre H a u te ................ 109 E v a n sv ille & In d ia n a p o lis, E v ­
an sville t o T e rre H a u te v ia
B ran ch es t o M t. V e rn o n , & c _______ 50
W o r th in g to n , & c --------------------- + 4 6
E v an sville B elt (s to ck h e ld )________ 5
T o t a l In ea rn in gs____________________________________________________________310
L eased t o o th e r co m p a n ie s R o c k v ille e x te n s io n ---------------- ----- ----------------- 23
C h ic. & E a st. Illin ois ow n s $ 3 ,1 6 1 ,4 5 0 ;o f th e c o m . s t o c k . V . 8 1 , p. 1242.
D I V S . ’ 94. ’ 95. ’ 96. ’ 97. ’ 9 8 . ’ 99. ’ 0 0 . ’ 01. ’ 0 2 -’ 0 5 . ’ 0 6 . ’ 07. 08. 1009.
2
3 1% N one.
4
4
4
4
C o m ..%
-- ....................
P r c f..%
1
1
2
AH 6
6 5 v ’ lv .
5
5 3
5
O n preferred 5 % d e cla re d , 2 % % p a id O ct. 15 1909 a n d 2 % % A p ril 15 ’ 10.
B O N D S , G U A R A N T I E S , & c.— C ertain E v a n sville & In d ian ap olis bond*,
are gu a ra n te e d . See th at c o m p a n y .
G eneral m o r t. 5s fo r $3 ,8 5 5 ,0 0 0 are
held In trust t o retire the p rior b o n d s an d car trusts a t m a tu rity .
E A R N I N G S .— 2 m o s .,
J u ly 1 to A u g . 3 1 .

1 1 9 0 9 ..................... G ross, $ 42 4,83 6; n e t, $ 1 0 1 ,6 3 4
j 1 9 0 8 .- ................ G ross, 382 ,666 ; n e t, 160,153

A N N U A L R E P O R T .— R e p o r t f o r 1908-09 in “ C h ro n ic le " o n o r a b o u t
O c t . 3 0 . R e su lts o f E v a n sv ille & In d ia n a p o lis a r c In clu d ed .
I n c . ( + ) or
D ec . (— ).
Y e a r ending J u n e 30—
1908-09.
1907-08.
— $11 0,07 2
$2,20 4 ,0 6 9
O p e ra tin g r e v e n u e --------------------------------- $ 2 ,093,907
— 4 8 ,1 7 7
O p e ra tin g In com e a fte r t a x e s ________
661,891
710,068
— 213,286
991,160
T o t a l n e t In c o m e ---------------------------------771,874
+ 1 0 ,710
592,048
602,758
In te re s t a n d re n ta ls-----------------------------61,197
D iv id e n d o n p referred ( 5 + . ) __________
61,197
159,326
D iv id e n d o n c o m m o n ( 4 % ) ___________
159,326
B a la n ce ______________________________ d e f.$ 4 5 ,4 0 7 s u r.$ 1 7 8 ,5 8 9
— $22 3,09 6
P r e s ., H . I. M iller; V lc e -P r c s .. C. W . H illa rd : S e c an d T r e a s ., G ilbert
S . W ig h t .— (V . 8 7 . p. 1155.)

FITCHBURG RR.— S y ste m e x te n d s fro m B o s to n , M ass., to T r o y and
R o tte r d a m , N . Y ., 251 m iles: bran ch es to W o r c e ste r , B ellow s F a lls , & c.,
207 m .; 458 m . In a ll. o f w h ich 59 m . (F itc h b u r g to G reenfield) leased from
V e rm o n t & M ass, and 5 m . fro m o th e r c o s .; se co n d track 109 m .
In F eb .
1008 purchase o f C o n w a y (M ass.) Street R y . w as c o m p le te d .
V . 84, p .1 3 6 6 .

S^ een




a le , H

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palm beA O
iijfie RoyaiXoinciana
' ' he Breakers)

'iiscaynt Bay.

F/V*" O C
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ISLAND

R A IL R O A D S
F o r e xp la n a tion of colu m n headings, A c . , see notes
on first page o f tables

M ile s
of
R oad

D a te
S iz e, or
of
Par
B on ds
V a lu e

I N T E R E S T OR D I V I D E N D S
A m oun t
Outstanding

R ate
%

W hen
P a yable

W here P a y a b le, and by
W hom

F lorid a E a st C o a s t— 1st M $ 1 2 ,0 0 0 ,0 0 0 g o ld B a .x c * r *
1909 l,0 0 0 ,& c $ 1 0 ,0 0 0 ,0 0 0
A D N ew Y o r k
4M g J
G eneral In com e m ortg a g e , $ 2 5 ,0 0 0 ,0 0 0 __________
1909
t2 0 ,0 0 0 ,0 0 0
F lorid a W e s t Shore— See S e a b o a rd A ir L ine.
F o n d a J o h n s to w n & G lo v e rsv llle — C on s M $ 5 0 0 ,0 0 0 .c
26 1881
100 A c
6
200,000
A & O Im p A T r a d N a t B k N Y
F irst c o n s o l r e fu n d in g m tge $700,000 g o l d ____ N .c*
26 1897
1,000
500,000
A
.1 N ew Y o r k T ru st C o N Y
4 M g .1
G eneral refu n d m tge $1,500,000 (V 71 p 3 4 ) . . N .c*
26 1900
1,000
800,000
A
J
.1
4 g
do
do
J o h n s to w n G & K ln g s b o ro first m o rtg a g e a s s u m e d .
4 1893
1,000
50,000
6
A
J
.1 M e tro p o lita n T r C o N Y
C a y a d u tta E lec 1st M gu a r p & I b y F J & G g o l d . . N
14 1892
1,000
350,000
6
A A 0 Farm ers L A T r C o N Y
F irst c o n s gen r e f M *7 ,0 0 0 ,0 0 0 g red 120 . N .c * A r
75 1902
1 ,000
4,68 7 ,0 0 0
4 M g \r A N New Y o r k T ru st C o N Y
Ft D D es M & S o — ls t M $ 3 ,50 0 ,0 0 0 g red 1 0 5 (te x t)O B
163 1907
1,000
2 ,2 0 0 ,0 0 0
A
J
J J u ly ’ 08 co u p la st p a id
5 g
R e fu n d in g m tge $6 ,5 0 0 ,0 0 0 g o ld red p ar ( t e x t ) . . A B
163 1907
100 A c
2 ,8 00,000
A A O In d e fa u lt
6 g
F ort Sm ith & W estern — 1st M $7,500,000 g o l d . . M e .c*
—
1904
1,000
6 ,2 4 ),0 0 0
A A O M erca n tile T r C o, N Y
4 g
F ort W a y n e & J a c k s o n — P re fe rre d s t o c k 5 M % rental
98 —
100
2,29 1 ,4 1 6
M A
s Farm ers L A T r C o N Y
5M
Ft W o r th & D en ver C ity — P r e f s to c k " s t a m p c e r t s " 4s
—
—
100
2,539,992 4 In 1909 Y e a r ly M orton T ru st C o N Y
I'lr s t m ortg a g e g o ld $18 ,000 p e r m ile_________ M e .c *
455 1881
1,000
8,171,000
A n M e rca n tile T r u s t C o N Y
J
0 g
E q u ip tru st ce rts g u ar d u e $39,000 s-a r e d e e m 101 . _
____
1906
3 9 ) ,000
.1
5
A I)
do
d o Series B d u e s-a re d e e m a b le 101-------G
-1907
1,000
282,000
5
A A o G u a ra n ty T r u s t C o N- Y
74 1905
G a in esv ille M id la n d — F irst M $ 1 ,000,000 g red a t 110
1,000
661,000
M A N S av a n n a h Ga
5 g
G a lv e s to n H a rrisb & San A n to n io — 1st M g l a n d g r .c *
256 ’ 71-80
1,000
4,756,000
F A A So P a c C o N Y ; A B o sto n
6 g
W estern D iv is io n first m o rtg a g e g o l d _____________ c*
671 1881
1,000 13,418,000
M A N So P a c C o 120 13w a y N Y
5 g
G a lv H ou s & N o r first m tg e (o w n e d b y S o u th P a c) 56 1900
800,000
J
A
5 g
J
do
do’
N Y T e x & M ex 1st M g o ld $ o r £ g u ar b y So P . F . c *
91 1882
£ or $
1,465,000
A A O So P ac Co N Y ; A Lond
4 g
do
do
do
n o t g u a ra n te e d ___
91 1882
£ or $
53,000
A A O
6 g
G a lv e s to n H o u s to n & H en d o f 188 2— First M -.M e .o *
50 1883
1,000
2,000.000
5
A A o M erca n tile T r u s t C o N Y
G a lv e s to n T erm in a l— 1st M $ 5 ,0 0 0 ,0 0 0 a u th gu (te x t)
____
1908
1,006,000
6
G arden C ity G u lf & Nor— 1st M $15,000 p e r m ile ____
—
1909
1,000
600 ,000
6
J
J C o m m o n ’ th T r C o, St L
A
G en esee A W y o m in g R R — First M gold *500.000 ___ K
16 1899
1,000
500,000
5 er
A A o K n ic k e r b o c k e r T r O ■N Y
G en eva C orn in g & Sou— C o m m o n s t o c k , g u a r ___
P r e fe r re d s t o c k , g u a r a n te e d ___________________ .
5 t000 000
P in e C reek 1st M g u p & I e n d ____________________
r
75 1885
1,000
3 ,5 0 0 ,0 0 0
6
.T A D G rand C entral S ta , N Y
F irst & r e fu n d M ($ 1 0 ,0 0 0 ,0 0 0 a u t h ) ____ F x c ’ Ar*
1909 1 ,0 0 0 , A c
M A N
3 ,7 4 4 ,0 0 0
4 g
Georgia A Alabama— Georgia Carolina & Northern — See Se aboa rd A ir L ine R y
Georgia Coast & Piedmont- —First M g SI ,000,000. Mo
85 1906
1,000
60 ).<000
M A
S M acknv A C o N ew Y o r k
5 g
C on solid a ted m > gage *3,500,000 g o l d ___________Ce
it
—
1907
See text
J
A D
5 g
d )
do
G eorgia & F la— Milieu & S ou th 1st M $ 80 0,00 0 g ___N
.
5.3 1905
1,000
212 ,000
A A f) H a n o v e r N at B ank N Y
5 g
G eorgia A F lorid a m o rtg a g e S 1 2 . 000.000 g o l d . . , . c *
227 1907
See text
500 A c
Vf A N In tern ation al T r C o ., Md
5 g
G eorg ia F lorid a & A la b a m a — F irst m o rtg a g e g . . M a c * T e x t
1904
1 .000
5 g
J
1 ,7 3 2 ,0 0 0
A
J M anhattan T ru st C o N Yl
G eorgia M idland R y — First M g o ld $ 1 ,6 5 0 ,0 0 0 lnt gu ar
98 1896
1.000
1 .650.000
A A O J P M organ A C o N Y
3 g
O eorgia P iriff«---- Sec S ou thern R v

__

Bonds— P r in c i­
pal, W lien D u e .
S tocks— Last
D ivid en d .
Ju n e 1 1959
A pr 11921
J u ly 1 1047
J u ly 1 1950
J u ly 1 1913
O ct 1 1 9 2 2
N o v 1 1952
Jan 1 1932
A p r 1 1037
A p r 1 1954
S ep t 1 1009 2 H
Feb 23 1909 4 %
D ec 1 1921
D ' c '0 9 -J u n e 14
A p r ’ 1 0 -A p r ’ 17
N o v 1 1935
Feb 1 1910
M ay 1 1931
Jan 1 1030
Anr 1 1013
1 1038
A p r 1 1029
1 1909 1 %

______

L E A S E .— Leased fo r 99 years fro m J u ly 1 1000 t o B o s to n & M aine fo r 5 %
on p ref. and 1 % on c o m . s t o c k , p a y a b le q u a rte rly (Jan . 1, A c .) , o rgan iza­
tion e x p en ses, Interest on b o n d s, ta x e s , e xpen ses o f m a in te n a n ce , A c . T h e
B o s to n & M aine h olds $5 ,4 5 4 ,5 5 0 o f the $ 7 ,0 0 0 ,0 0 0 c o m . s t o c k , p u rch a sed
w ith p roceed s o f Its 3 % b o n d s a t 90. the re m ain d er b e in g In the treasury
V . 70. p. 70. 125, 176. 583, 1201; V . 71, p. 29. 543: V . 72, p . 532.
B O N D S , & c.— D e b e n tu re s , s e e V . 60, p. 967; V . 84, p . 158, 270. S to c k ­
h old ers in S e p t. 1008 au th o riz e d $ 50 0,00 0 b o n d s t o refu n d th e $500 000
n otes m a tu rin g Jan . 15 1909 an d Increased the p referred s to c k b y $ 7 0 0 ,0 0 0 ,
( o f w h ich In A p r. 1909 $ 55 0,00 0 w as so ld t o p r o v id e f o r lm p ts . an d th e p u r­
ch ase o f th e C on w a y E le c tr ic S t. R y . V . 8 7 . p . 812 : V . 8 8 , p . 100, 374,
451 , 944 , 1002. T h e sto ck h o ld e rs S e p t. 29 1909 a u th o r iz e d $ 4 0 0,00 0 a d ­
d itio n a l p r e f. s to c k to b e Issued fo r Im p ro v e m e n ts an d to p a y floatin g d e b t.
V . 8 9 , p . 7 7 8 .— (V . 88, p . 451 , 944, 1002; V . 89, p. 778 , 847.)
F I T Z G E R A L D O C IL L A & B R O X T O N R R .— O w n s B r o x to n to O cllla,
G a ., 25 m iles, w ith b ran ch t o F itzge ra ld , 5 m .; leases O cllla to Irw tnvllle,
10 m .; to ta l, 40 m . S u ccessor M ay 1907 to th e B r o x to n H azleh urst A
Savannah.
V 84, n. 1551.
S to c k . $30 0,00 0. all o u ts ta n d in g ; par. $100,
o f w h ic h th re e -fo u rth s , to g e th e r w ith all th e $ 1 5 0 ,0 0 0 o u ts ta n d in g b o n d s,
a re o w n e d b y th e A tla n ta Illrm . & C oast C o ., th e co n s tr u c tio n c o m p a n y o f
th e A tla n ta BIrm . A A tla n tic R R .
V . 8 8 , p . 41.
I n M a y 1909 a general p r o te c tiv e c o m m itte e fo r secu rities o f th e A . B . &
A tl. req u ested d ep osits o f b o th s to c k an d b o n d s,w ith a view t o re o rga n iza ­
t io n an d c o n s o lid a tio n ; M anhattan T ru st C o ., N . Y . , a n d O ld C o lo n y T ru st
C o .. B o s to n , d ep osita ries. V . 8 8 , p . 1196.
Y e a r e n d in g Ju n e 30 1909, gross, $59 ,111 ; n e t, $7 ,5 5 2 ; Interest o n b o n d s,
$ 7 ,9 8 0 ; b a l., clef., $428. V . 85, p . 468.
P res, and G en. M gr., H . C. M cF a d d e n ; S ec. an d T r e a s ., C. B . G w y n .— (V . 88, p . 1196; V . 8 9 , p . 41.)
F L O R I D A C E N T R A L R R . — O w ns T h o m a sv llle , G a ., so u th th ro u gh
tim b er lands to F a n ’ t w , F la ., 47 m iles; c o m p le te d A pril 1908. P r o je c te d
t o run e v e n tu a lly to the G ulf o f M e x ico , a total o f 65 m iles. C o n tro lle d b y
J. L . P h ilip s C o. .Stock. * 5 0 .0 0 0 ; par. $100.
B o n d s m atu re *4 0 .0 0 0
y e a r ly ; B a n k o f T h o m a sv llle , tru ste e . L oa n s an d b ills p a y a b le Jun e 30
190 9, $ 3 4 3 ,9 0 7 . V . 8 5 , p . 1339. F o r y e a r e n d in g Jun e 30 1909, gross,
$ 6 4 ,3 8 1 ; n e t, $ 3 5 ,9 6 5 ; in t ., ta x e s , & c., $45 ,990 ; b a l., d e f ., $10 ,025 . P r e s .,
J . L . P h ilip s; V . - P . , J. S. G ord on ; T r e a s ., Charles P h ilip s J r.— (V . 85, p .
1339.)
, FL O R I D A EAST COAST R Y . — {See M a p .) —J a ck s o n v ille , F la ., v ia S t .
A u g u stin e to K n ig h t ’s K e y , 477 m .; b ran ch es, 97 m iles; t o ta l, 574 m .
V.
69, p . 501 . S ystem ow n ed b y H e n r y M. Flagler.
E xten sion fro m M iam i
t o K e y W est (90 m iles fro m H a v a n a , C u b a ), a b o u t 156 m ., (w h en ce fe rr y
b oa ts t o op e r a te t o H a v a n a ), Is u n d er c o n s tru ctio n ; o p e n e d to K n ig h t’s
K e y , 111 m iles; rem ain d er to b e c o m p le te d b y Jan . 1 1911.
V 81 o 2 1 1 ­
V . 85, P. 921; V . 8 6 , p . 228; V . 87, p . 1478.
V‘
’
S t o c k w as $ 1 ,0 0 0 ,0 0 0 , bu t a d d itio n a l s to ck w as Issued t o p r o v id e p a rt
o f c o s t o f ro a d a n d H . M . F lagler has agreed t o p u rch a se $ 4 ,0 0 0 ,0 0 0 to
c o m p le te c o n s tr u c tio n o f road t o ICey W e s t.
O f th e first 4 Ms o f 1909 ($ 1 2 ,0 0 0 ,0 0 0 au th o riz e d Issu e), $ 1 0 ,0 0 0 ,0 0 0 w ere
sold t o J. P. M organ & C o. in Ju n e 1900.
O f the general m tge . In com e
b o n d s ($ 2 5 ,0 0 0 ,0 0 0 a u th . Issue), a b o u t $20 ,0 0 0 ,0 0 0 h a v e be e n Issued to
retire o u ts ta n d in g n otes an d b o n d s a n d fo r c o n s tr u c tio n . V . 8 8 , p . 1620.
O f th e $5 ,0 8 0 ,0 0 0 3 -y e a r 6 % c o u p o n notes d a te d A u g . 1 an d A u g. 15 1907,
o f w h ic h $3 ,5 0 0 ,0 0 0 m ature A u g. 1 1910 a n d $ 1 ,5 8 0 ,0 0 0 A u g . 15 1910,
5 ^ r^ te.ed p r ln ’ a n d ln t H - M - Flakier an d secu red b y p led ge o f $ 7 ,­
2 5 8 ,0 0 0 1st m tffc. b o n d s, a b o u t $4 ,0 0 0 ,0 0 0 had be e n p u rch a sed b y the co m iy In J u ly 1909 a n d cash d e p o s ite d w ith th e tru stee to retire rem ain d er.
85, p . 220; V . 86, p . 228.
n e t, $1 5 ,5 5 5
E A R N I N G 8 — 2 m o s .,1 1 9 0 9 ---------- G ross, $32 0,78 2;
J u ly 1 to A u g . 31.
J190 8---------- G ross, $20 5,43 4; n e t, o p . d e f ., 76,518
F o r y e a r en d in g Ju n e 30 1909, gross, $ 3 ,3 7 3 ,5 5 4 ; n e t a fte r ta x e s , $1,071,
804 .
In 1907-08, gross, $ 3,008,346 ; n e t, $ 5 0 1 ,2 0 8 .
P re s, an d G en . M gr.,
J . R . P a r r o t t .— (V . 8 8 , p. 1002, 1253, 1620.)

r

F L O R I D A W E S T SHORE R Y. — S ee S e a b o a rd A ir L in e R y .
FON DA JOHNSTO WN & G LO V E R S V I LL E R R . — O w ns F o n d a to
N o rth v llle (s te a m ), 26 .2 m iles; G lo v e rsv llle to S c h e n e c ta d y (e le c tr ic ), 32.3
m .; G lov ersv llle to F o n d a (e le c tr ic ), 0.34 m .; A m s te rd a m to H agam an
(e le c t r ic ). 3 .6 m .; B elt line In G lo ve rsvllle (e le c tr ic ), 3 .0 m .; se co n d track
(e le c t r ic ), 21.2 m iles. O perates u n d er lease b ra n ch line B ro a d a lb ln J e t.
t o B r o a d a lb ln , 6 .2 m . (s te a m ); also lo ca l line G lo v e rsv llle to J oh n stow n
(e le c t r ic ), 4.23 m .;s !d !n g s and tu rn o u ts, 11.7 m .; to ta l, 9 7.47 m iles o f road
(1 1 8 .6 7 m iles o f tr a c k ), o f w hich 96.8 7 on p riv a te rig h t o f w a v and 21.8
m iles on s treet an d h igh w a ys. S to c k , c o m ., $ 2 ,5 0 0 ,0 9 0 ; p r e f., 6 % c u m .,
$ 1 ,0 0 0 ,0 0 0 , s u b je c t t o call a t 105, a u th o riz e d F e b . 1900, o f w h ich $500,000
so ld A p r . 1909. V . 8 8 , p . 883 .
First d iv . (q u a r.) o n p r e f., 1 M % , p a id
J u n e 15 1909; S e p t., 1 M % .
P ar o f all s t o c k , $100.
O w ns en tire $ lu 5 ,0 0 0 s to c k o f C oal C o . o f F u lto n C o . an d s to c k o f E d ison
E le c tr ic L igh t A P o w e r C o.
(V . 7 1 , p. 1167.)
V . 7 8 . p. 20. A lso a tw o thirds Interest In s to c k an d b o n d s o f A d ir o n d a ck L akes T r a c tio n C o ., 4 m iles.
B O N D S .— O f th e c o n s o l. 4 M s o f 1902 ($ 7 ,0 0 0 ,0 0 0 a u t h o r iz e d ), * 1 ,850,000
Is reserved to retire p rior liens. V . 76, p . 265.
G uarantees $30 ,000 G lo v ­
ersvllle A B road alb ln 5s and $ 50 ,000 J o h n sto w n G lo v e rsv llle & K ln g sb o ro
H orse R R . 6s and $ 50 ,000 8 % s to c k .
L A T E S T E A R N I N G S .— 1 1909 ..................... G ross, $1 7 0 ,9 6 1 ; n e t, $107,412
2 m o s ., J u ly 1 t o A u g . 31. J1908 .....................G ross, 157,630; n et,
95,789
R E P O R T .— F o r ye a r en d in g Jun e 30 1909, gross, $773,8-19; n e t, $400,5324 5 4 .1 _ [ v ’ )f(T p 2 *1 / o i f ) KCS ’ $37 7,05 7; p r e f - 3 l v ., $ 3,750; b a l., s u rp ., $37 ,F O R T DODGE DES MOINES & SOUTHERN R R . — O w ns or co n tro ls
roa d from Des M oin es, l a ., to F ort D o d g e an d e x te n sio n s to R o ck w e ll C ity
a n d N e w t o n , w ith 7-m lle b ran ch to A m e s and loca l lines In F o rt D odge and
A m e s , all eq u ip p ed fo r steam s e rv ice , and the m ain line b etw een D es M oines
and F ort D o d g e , w ith b ran ch to A m e s , a total o f 00 m iles, also w ith ele ctric
p ow er fo r hlgh-sneeri passenger se rv ice . O f this N ew ton to R ock w ell C 't v
102 m iles, w as the N ew to n & N orth w estern R R .
See V . 8 5 , p. 08. 120 9:
V . 8 7 , p . 1420; V . 88, p . 101.
v
’
'




1 1055
1 1957
A pr 1 1040

S T O C K .— C o m m o n s t o c k , a u th o riz e d . $5,500,0011: o u ts ta n d in g . S 2 .on n .000; p r e f., 5 % n o n -c u m ., $ 1 ,2 0 0 ,0 0 0 , all Issued. T h e b o n d s c o v e r 3,2 1 8
acres co a l lan ds. V . 8 5 . p. 98; V . 87, p. 1420.
C ou pon s are in d e fa u lt.
Y e a r e n d in g Ju n e 30 1909, gross, $34 2,67 2; n e t, $12 3,56 2.
P re s., H e n ry L o rln g ; V .-P . a n d T r e a s ., F . A . F arrar; S e c ., L a u ren ce
H . P a rk h u rst.— (V . 8 5 , p . 1209; V . 8 7 , p. 1420; V . 8 0 , p . 162.)
F O R T S M I T H & W E S T E R N R R . — O perates F o r t S m ith , A r k ., to G u th ­
rie, O . T . , 216 m iles, o f w h ich Coal C reek, I. T . , to G u th rie, 196 in .. Is
o w n e d an d F t. S m ith to Coal C reek, 20 m ., is K ansas C ltv S ou th ern tr a c k a ? e,’ .t9 .be r 9 PIaced b y c o m p a n y ’ s o w n r o a d . C oal p ro p e rtie s are d e v e lo p e d
at M cC urtaln, I. T . , 40 m . w est o f F o r t S m ith , p r o d u c in g an av era g e o f
3 0 ,000 ton s per m o n th .
In J u ly 1006 a cq u ire d 5 1 % o f th e ca p ita l s to c k o f
the S t. L ou is El R e n o & W e ste rn R y .. G u th rie t o E l R e n o , O . T . , 42 m iles.
T h e latter Is o p e ra te d In d e p e n d e n tly.
S to c k , $ 5 ,0 0 0 ,0 0 0 , all o u ts ta n d in g : par $10 0. O f the 4s o f 1904 ($ 7 ,5 0 0 ,o o o a u t h .), $ 5 ,8 3 3 ,0 0 0 w ere Issued In e x ch a n g e fo r $ 5 ,0 0 0 ,0 0 0 o ld 5s,
$ 4 0 0 .non are reserved to rep lace the ?n m iles o f trackage m en tion ed a b o v e ,
$40 0,00 0 fo r e q u ip m e n t an d th e b a la n ce fo r o th e r p u rp o se s.
E q u ip m e n t
trust n otes o u ts ta n d in g Ju n e 30 1908, $ 4 5 9 ,0 6 0 .
V . 77, p . 88.
E A R N I N G S .— 2 m o s ., 1 1909 __________ G ross, $ 10 7,50 1; n e t, $ 3 ,844
J u ly 1 t o A u g 31.
/ 1908 __________ G ross,
10 >,562; n et,
2,318
F o r y e a r e n d in g J un e 30 1909, gross, $64 1,44 8; n e t, $20 ,37 0. In 1907-08,
gross, $ 64 7,95 7; n e t, $87 ,908 ; o th e r In co m e , $72 ,991 ; In te re s t, ta x e s , A c .,
$31 4,14 4; b a l., d e f ., $ 1 5 2 ,2 4 5 . P re s, an d T r e a s ., A . C. D u s tin , C le v ela n d ,
O .— (V . 8 3 , p . 213, 2 7 1 .)
F O R T W A Y N E & J A C K S O N R R . — O w ns J a c k s o n , M ic h ., t o F o r t W a y n e ,
I n d ., 98 m iles. O n A u g . 24 1882 leased p e rp e tu a lly t o L a k e S hore A M ich i­
gan S o u th ern at a rental o f $1 2 6 ,0 2 7 , e qu a l t o 5 M % on the pref. s to c k (see
V . 56, p. 8 1 2 ), and a fte r 1887 a n y net earnings o v e r 8 % o n p re f. s to c k t o be
paid on c o m ., b u t n o t e x c e e d in g 2 % a ye a r. C o m . s t o c k , $ 43 6,13 2.
m F O R T W O R T H & D E N V E R C I T Y R Y . — (.See M a p C ol. S o .) — F t . W o r t h .
T e x ., to T e x lin e , 454 m iles. O w ns secu rities o f F t . W . & D en. T e r m . R y .
S T O C K , A c .— C o lo ra d o & S o u th ern R y . ow n s all b u t $32,822 o f th e
$ 6 ,835,008 c o m . Issued an d all o f th e sta m p e d s t o c k . V . 63, p. 1063
D I V I D E N D S .— O n p r e f., 2 % ’ 98; ’ 0 0 , 2 % ; 1002, 2 % ; A p ril 1903, 1 90 4,
1906 t o 1909, 4 % each fro m surplus earns, o f p re v io u s years.
B O N D S .— F in an ces r e a d ju ste d In 1896. P lan V . 63, p. 75.
A b s tr a c t
o f m o rtg a g e . V . 4 5 , p. 440.
E q u ip m e n t trust certificates o f 1906, V . 8 2 .
p. 1101; o f 1907, V . 8 4 , p . 508.
E q u ip , trust 5 % n o te s o f 1908, d u e Ju n e 1
1913, $10 4,00 0. " P u llm a n ” e q u ip m e n t leases, in cl. In terest, Jun e 30 1909
$70 5,10 2.
T h e F ort W orth & D e n v e r T erm in al R v . a u th o rize d an Issue o f $ 2 ,5 0 0 ,0 0 0 .
3 0 -y e a r 6 % b o n d s d a te d D e c. 1 1007 (M ercan tile T r u s t C o ., N . Y . , trustee)
s u b je c t t o call a t 105, o f w hich $ 72 8,00 0 h a v e been Issued, $ 30 0,00 0 sold and
$ 42 8,00 0 held b y F t . W . & D . C. R y . V . 8 6 ,p .5 2 . 1100,1589; V . 87, p . 940 .
E A R N I N G S .— 12 m o s ., 1 190 8-0 9____ G ross, $ 4 ,0 5 1 ,0 6 6 ; n et, $ 1 ,6 0 9 ,7 3 8
/ 1907-08-------G ross, 4 ,5 7 5 ,6 8 0 ; n e t, 1 ,5 7 2 ,3 2 6
J u ly 1 to June 30.
P re s ., G eo. B. H arris.— (V . 82, p . 1156; V . 84, p. 508.)
G A I N E S V I L L E M I D L A N D R Y . — See page 17 1.
G A L V E S T O N H A R R I S B U R G & S A N A N T O N I O R Y . — (See M a p S ou th.
P a c i f ic .) — O w ns G a lv e s to n , v ia H o u s to n , T e x ., to east ban k o f R io G ra n de
R iv e r , 833 m iles; B ee v llle t o R o s e n b e r g , 147 m iles; San A n to n io t o P o r t
L a v a c a , 136 m iles; M agers t o W e s t S h o re , G a lve sto n B a y , 46 m iles; P o r t
L a v a c a , S to c k d a le to C u e ro , 40 m iles, c o m p le te d J u ly 1906; b ran ch es, 178
m iles; tra ck a g e , 3 m .; to t a l, 1,343 m iles. S o u th e rn P a cific C o. ow n s $ 2 7 ,­
0 56 ,600 o f the $ 2 7 ,0 8 4 ,3 7 2 s to c k (p a r, $ 1 0 0 ).
A co n s o lid a tio n In 1905 w ith
the N ew Y o r k T e x a s & M e x ica n , G ulf W e ste rn T e x a s & P a cific , San A n ­
to n io A G u lf, G a lv e s to n H o u s to n & N orth ern an d G on zales B ran ch R R .
V. 7 9 , p. 2642; V . 80, p. 1424; V . 81, p . 211 , 668, 1242; V . 83. p. 1528.
S to ck Is to be Increased an d new m o rtg a ge m ad e; n o t arranged In Ju n e 1909.
B O N D S .— First m tg e . has a sin kin g fu n d o f 1 % , b u t It Is o p tio n a l w ith
holders to su rren der th eir b o n d s If d ra w n .
W estern D iv. 2ds ($ 6 ,3 5 4 ,0 0 0 )
b y agreem en t are treated as In com e b o n d s; V . 58, p . 719; V . 8 4 , p . 803; V . 8 8 ,
p . 1437. E q u ip , b o n d s, $ 1 ,5 5 8 ,0 0 0 6s, o w n e d b y S o . P a c . V . 76, p . 1300;
V. 77. p . 2160.
S ou th ern P a c. C o . p r o p r ie ta ry co m p a n ie s a n d s in k in g fu n d s
o f latter also ow n $ 8 4 2 ,0 0 0 M a tagord a D iv . 1st M. 6s o f the o ld N ew Y o r k
T e x . & M ex. R y ., $ 2 ,2 2 4 ,0 0 0 G u lf W e st T e x . A P a c. 1st m tge . 5s, $ 80 0,00 0
G a lv . H o u s t. & N or. 1st m tg e . 5s an d $ 1 ,1 1 0 ,0 0 0 o u t o f a to ta l o f $ 6 ,3 5 4 ,0 0 0
W e s t. D iv . M. A P . E x t. 2d m tg e . 6s; $ 1 ,0 0 0 ,0 0 0 G . H . A S. A . E a st. D iv .
2d 68 (e x t e n d e d ), d u e Ju n o 1 1035, are also o w n e d b y S o . P a c. o r sin k in g
fu n ds o f n rn nrletarv co s .
E A R N I N G S . - 1 2 m o s ., 1 1 9 0 8 -0 9 -------G ross, $ 9 ,0 9 9 ,9 7 0 ; n e t, $ 2 ,8 1 8 ,6 8 4
J u ly 1 t o June 3 0 .
J 190 7-0 8-------G ross, 10,5 5 6 ,8 5 1 ; n et, 2 .2 8 7 ,3 1 3
E A R N I N G S .— F o r y e a r e n d in g Jun e 30 1908: G ross, $ 1 0 ,6 0 0 ,7 8 1 ; n e t,
In cl. o th e r In com e, $ 2 ,2 5 5 ,8 3 5 ; ch arges, $ 2 ,0 7 2 ,0 7 1 : b a l.. d e f.. $716 236 —
(V . 8 1 , p . 668, 1242; V . 8 4 , p . 803; V . 86, p . 1343: V . 8 8 , p . 1437.)
G A L V E S T O N H O U S T O N & H E N D E R S O N R R . O F 1 8 8 2 . — O w ns f ro m
G a lv e s to n , T e x ., to H o u s to n , T e x ., 50 m iles.
O R G A N I Z A T I O N .— T h e M. K . & '1'. an d In tern a tion a l A G reat N o rth ern
have had tra ck a ge rig h ts since D e c. 1895 und er a c o n tr a c t p r o v id in g fo r p a y ­
m en t to m tg e . trustee o f $ 10 0,00 0 y e a rly to m eet Interest on G . H . A H .
b o n d s and an a d d itio n a l rental o f $24 ,000 per an n u m fo r d iv id e n d s o r o th e r
p u rp o se s— see V . 61, p. 1064; V . 63, p. 697.
M. K . & T . ow n s 4 ,9 9 9 shares
o f G. H . A H . s t o c k — see V . 0 1 , p . 1013.
S to ck * 1 .0 9 0 ,0 0 0 ; p a r. *100 .
D iv id e n d s paid In M av 1904 to 1906, 4 %
y e a rly : 1907 a n d 1908, n o n e . F o r y ear en d in g D e c. 31 1908, gross. In clu d ­
in g $ 1 2 4,00 0 fo r tra ck a g e , as a b o v e , $31 0,82 0; n et, $61 ,677 ; o th e r In co m e ,
$14 9,45 3; Interest, $1 0 0 ,0 0 0 ; o th e r ch arges, $51 ,067 ; Im p ro v e m e n ts, $ 5 1 ,­
953; b a l., s u r ., $ 8 ,1 1 0 .— (V . 65, p . 1114.)

GALVESTON TERMINAL R Y .—To build terminals at Galveston, Tex.,
to be used b y T r in ity A B razos V a lle y R y ., w h ich o w n s p ra c tic a lly all th e
s to c k .
V . 8 7 . p. 950. O w n s a la r g e fr e ig h t d e p o t and w arehouse and a b o u t
14 b lo c k s a lo n g G a lv e sto n w a te r-fro n t. In A p r . 1908 27 m iles o f m ain line an d
sldlng3 w ere p r a c tic a lly c o m p le te d .
S to c k a u th ., $25 ,000 . O f th e 1st 6s
($ 5 ,0 0 0 ,0 0 0 a u th . Issu e), $ 1 ,1 0 6 ,0 0 0 , gu ar. J oin tly b y th e C h. R . I. A P . a n d
C ol. & S o ., w ere so ld In N o v . ’08. V . 8 0 , p . 1100, 1589: V . 87, p, 1478. P r e s .,
R . H . B aker; V .- P ., J o h n S e a ly .— (V . 86, p . 1100, 1589; V . 87. p. 936.)

R A IL R O A D S
M ile s
F o r exp la n a tion o f colu m n headings, & c ., see notes
on fir s t page o f tables
G eorgia R a ilroa d & B a n k in g Co— S t o c k ........................
B on ds refu n d in g n ot m o rtg a g e c u r r e n c y _________ c
Q cor R R & D a n k .C o — (C on )— B on ds n o t m c u r . . c* & r
B on d s n o t m ortg a g e 520 0,00 0 5s___________________
B o n d s n o t m ortg a g e c u r -------------------------------------------c*
G eorgia S outhern <c F lo rid a — First pref s to c k redeem
5
S econ d preferred $1 ,0 8 4 ,0 0 0 5 % ____________________
F irst m ortg a g e g old $ 4 ,0 0 0 ,0 0 0 ............... .......M eB a.c*
F irst con sol m ortg a g e $10 ,0 0 0 ,0 0 0 g o l d ____ N c* & r
E q u ip m en t trusts Ser A an d B $ 37 ,000 d u e sem l-ann
G e tty s b u rg & H a rrisb u rg — S o u th M t first m o r t g a g e ..
G e tty s b u rg & H arrisburg first m o rtg a g e o ld i s s u e ..
C on solid a ted m ortg age $56 5,00 0 g o ld (see t e x t ) . .
Oila V alley G lobe & N orthern— 1st M g o ld ( t e x t ) . .A l p
G osh en & D e ck e rto w n — 1st & 2d M ($60,000 are 2ds)
G ou vern eu r & O s w e g a tc h le — 1st M g o ld gu p & I -U n .c
G rand R a p id s & Indiana R y — S to c k $ 6 ,0 0 0 ,0 0 0 ____
First M m o s tly land gran t g o ld e x te n d e d In 1 8 9 9 .c
F irst M ex te n d e d g old gu aran teed b y P en n R R _ _ c
S econ d m ortg a g e $ 5 ,0 0 0 ,0 0 0 g o ld _________________ c
G rand R a p id s & N orth w — 1st M $ 5 ,0 0 0 ,0 0 0 g o l d .. G P
O rand T run k P a c — First M £ g u ar Can G o v (te x t) .c & r
Prairie S ection M (Ser A ) £2,100,000 1gu ar p and 1
M ountain S ec M (Ser B) £ 2 ,0 5 0 ,0 0 0 ) b y G rand
L a k e S u p erior D Iv 1st M $l',550,000J
T run k
D eben tu re s to c k $ 2 5 ,000 ,00 0 red at 105 after 1936
L o a n , $ 1 0 ,0 0 0 ,0 0 0 , secu red b y M o n P ra irie s ection
G r T r k P a c b r a n c h lines M g u a r, see t e x t ____________
G rand T run k R y — C on solid ated s to ck £ 2 3 ,3 1 8 ,3 0 9 ___
4 % gu a ra n teed s to ck n o n -cu m u la tlv e £ 1 2 ,5 0 0 ,0 0 0 .
First preferen ce 5 % s to c k £ 3 ,4 2 0 ,0 0 0 _______________
S econ d p referen ce s to c k £ 2 ,5 3 0 ,0 0 0 ................................
T h ird preferen ce 4 % s to c k £ 7 ,1 6 8 ,0 5 5 ........................1
D eb en tu re s to c k £ 4 ,2 7 0 ,5 7 5 ..............................................|
C on solid a ted d eb en tu re s to c k (collateral trust) cum )
S econ d eq u ip m tg e (s u b je c t to first m tg In trust) . c j
G reat W estern perpetual de b e n tu re s t o c k __________c
N orth ern R y third preferen ce A & B b o n d s _____ c\
D eben tu re s to c k 4 % p erpetual £ 4 2 5 ,8 5 0 ________/

D a te

of

of

Road

S iz e , or
Par
A m oun t
V a lu e O utstanding

Bonds

$10 0

307

---

35
125
12
13

1.000

___
___

Text
285
392

1,000
1,000

1897
1880
’ 82-87

1.000
100
100
1,000
1,000
1,000
1.000
1,000
1,000
1,000
500 &c
1,000
100
1,000
1,000
1.000
1,000
£100 &c
£100 &c
£100 &c
£100 See

1907
1895
1902
’02 06
1877
1882
1891
1894
88-89
1892

__

1891
1891
1896
1908
1905
1905
1905
1905

335
335
387
1,755
916
839
188

1909
1909
1882
1884
73-74
73-74

£100 Sec
£100
£100
£100
£100
£100
£100
£100
£100
£100

)

3,512 11874
)1S74
JI860
Var
836 X
490 X (1868
11884

-

.............

G A R D E N C I T Y G U L F & N O R T H E R N R R . — U n d e r co n s tr u c tio n fro m
G arden C ity , K a n s ., t o S c o tt C ity , 40 m iles, to b e co m p le te d b y J a n . 1910.
P r o je c te d t o e x te n d fro m P lain s, K a n s ., o n th e C h ic. I t. I . & P . n o rth ­
w e ste rly t o S t. F ran cis o n th e C h ic. B u rl. Sc Q u in cy , 250 m iles. S to c k
a u t h ., $ 5 ,0 0 0 ,0 0 0 ; p resent Issue, $60 0,00 0; p a r, $100. T h e first 6s ($ 5 ,0 0 0 ,­
000 a u th oriz ed Issue) are lim ite d to $1 5 ,0 0 0 per m ile; C om m o n w e a lth T ru st
C o ., S t. L o u is , m tg e . tru stee. V . 89, p . 918. P re s ., II. M . M cCue; S e e .,
E . A . T en n is; T r c a s ., J . W . H o p e .
O ffic e , G arden C ity , K a n s .— (V .
8 9 , p . 918.)

$ 4 ,2 0 0 ,0 0 0
1 ,0 00,000
S ee te x t
500,000
1 . 000.000
684,000
1,084,000
3 ,8 3 8 ,0 0 0
2 .0 00,000
222 ,000
100,000
250,000
215,000
1,504.000
246,500
300 ,000
5,79 1 ,7 0 0
920 ,000
4 ,4 5 5 ,0 0 0
4 ,5 0 0 ,0 0 0
S ee te x t
£5 ,2 0 0 ,0 0 0
£2 ,1 0 0 ,0 0 0
£ 1 ,3 5 4 ,0 0 0
£ 1 ,550,000
£ 3 ,000,000
S ee t e x t .
£1 ,0 0 0 ,0 1 0
£22,475,985
£ 9 ,8 4 0 ,0 1 0
£ 3 .4 2 0 ,0 0 0
£ 2 ,5 3 0 ,0 0 0
£ 7 ,1 6 8 ,0 5 5
£ 4 ,2 7 0 ,3 7 5
£ 1 5 ,2 3 4 ,2 7 2
£ 3 7 3 ,0 0 0
£ 2 ,7 2 3 ,0 8 0
£ 1 4 ,6 0 0
£ 3 4 7 ,9 9 0

Bonds— P r in c i­
pal, W hen D u e .
Stocks— Last
D ivid en d

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a ya ble

11 In ’ 09
5
6
5 & 6
4
5 In 1909
5 In 1909
5 g
4 g
4X
5
6
5
5 g
6
5 g
3 In 1909
3X g
4X g
4 g
5 g
3 $ or £
4
4
4
4
4
4

0
Se J
J
Se J
J
& J
J
J
Se J
M Se N
M Sc N
Sc J
J
Sc J
J
M Sc S
A Sc
A Sc
A Sc
M Se N
V a riou s
J
& D
A & O
& J
J
&
J
J
A
O
F Sc A
J
Sc J
A Sc O
A Sc O
A Sc O
M
s
S em l-a n
M Sc N

4 In 1908
5 fo r ’ 08
2 X f o r ’ 08
See te x t
5
4
6
5
6
4

A Sc O
A Sc O
A Sc O
Y e a rly
J Sc J 14

—T

O
O
O

&

,T

F
A
F

Q—.
Sc
Sc
Se
Sc

J
A
O
A

W here P a y a b le, and by
W hom
A u g u sta G a
N ew Y o r k o r A u g u sta
N ew Y o r k o r A u g u s ta
do
do
A m E x ch N at B k , N Y
M T & D C o B a lt;
N Y
do
do
do
do
do
do
Blair & C o N ew Y o rk
R e a d in g T e rm in a l, P h lla
do
do
do
do
So P a c C o 120 B w a y N Y
N B k O r C o G osh en N Y
G rand C en t S ta tio n N Y
O ffic e G rand R a p , M ich
W in s lo w ,L a n ie r & C o N Y
do
do
P h ila d e lp h ia P a
P h ilad elp h ia & C h icago
B a n k o f M o n t, L o n & N Y
IC o ’ s O ffice L o n d o n o r l
) B a n k o f M ontreal
j
J
N ew Y o r k
9 N B ro a d S t L o n d o n E C

&

Jan 1 1922
Jan 1 1 9 1 0
Jan 1 1922
Jan 1 1947
N o v 2 1909 2 X
N o v 2 1909 2 X
J u ly 1 1945
J u ly 1 1952
M c h '1 0 -S e p 12
A p r 1 1898
O ct 1 1912
O ct 1 1926
N ov 11924
1 9 2 8 -1 9 2 9
Jun e 1 1942
O c t 25 1909 I X

O ct 1 1 9 3 6
F eb
1 1958
___ 1 1962
Apr 119 55
A p r 1 1955
A p r 1 1955
P erpetu a l
1919
1939
N on e e v e r paid
C h eck fro m C o ’ s O ffice N o v 1909 2 %
N o v 1909 2 X %
M ay 6 1909 2 X
do
do
A p r 24’ 08 3 %
Irred eem a ble
Irre d e e m a b le
J u ly 1 1919
JG lyn, M ills, C u rrie Se Irred eem a ble
C o, L ondon
Irred eem a ble
1
l Irred eem a ble

1

1
)

H I S T O R Y .— A re organ ization o f th e G eorgia S . & F . R ailroad, s o ld In
foreclosu re A p ril 2 1895.
(P e r plan In V . 60, p . 928: see also V . 59, p. 551.
M acon & B irm in gh am R y ., La G range to S o fk e e . G a ., 97 m .. Is o w n e d b y
sam e Interests, b u t o p e r a te d In d e p e n d e n tly . V . 7 8 , p . 702.
In O c t o ­
ber 1903 the s to c k o f th e H aw k ln svllle & F lo rid a S o u th ern R y . , W o r t h
to H a w k ln sv llle , G a ., 44 m ., w as p u rch a s e d , $ 31 0,00 0 1st m tge . 5 % b o n d s
be in g g u a ra n te e d , Drln. an d Int. V . 7 9 , p . 2585.
D I V I D E N D S .— O n 1st p r e f . , '9 6 , 4 % ; '9 7 t o N o v . 1909, 5 % y e a r ly . O n
2d n r e f.. !n '9 7 . 2 % ; '9 8 . 3 % ; '9 9 . 3 % ; 1900 t o M ay 1906, 4 % y e a r ly ; N o v .
190 6, 2 X % : 1907 t o 1909, 5 % y e a r ly . C o m m o n s to c k Is $ 2 ,0 0 0 ,0 0 0 .
G E N E S E E & W Y O M IN G R R .— See page 1 7 1.
B O N D S - F i r s t m tge . o f 1895 (A b s tr a c t, V . 61. p. 429) p ro v id e s th a t th e
G E N E V A C O R N I N G & SOUTHERN.— O w ns G e n e v a . N . Y . , t o A n trim ,
0 84 .000 1st pref. stock shall be a lien se c o n d o n ly t o th e b o n d s an d c o u p o n s .
P a ., 109 m iles; b ra n ch t o U lysses, P a ., 40 m iles; S tok esd a le J e t ., P a ., to
T h e 1st c o n s o l. 4s o f 1902 are fo r th e au th o riz e d a m o u n t o f $ 1 0 ,0 0 0 ,0 0 0 ,
N ew b erry J e t ., 75 m .; P en n Y a n n , N . Y . , t o D resden , 6 m .; o th e r bra n ch e s,
o f w h ich $ 4 ,6 8 4 ,0 0 0 are Issuable t o retire the $ 4 ,0 0 0 ,0 0 0 5s and $ 6 8 4 ,0 0 0 1st
1 m .: t o ta l. 232 m iles.
A co n s o lid a tio n In F e b . 1909, V . 88. p . 100 2. S to c k ,
p re f. s t o c k , an d $ 3 ,3 1 6 ,0 0 0 a rc reserved fo r fu tu re n eeds.
V . 75. p 980
c o m ., $ 2 ,3 2 5 ,0 0 0 ; p r e f., 4 % c u m ., $5,0 0 0 ,0 0 0 ; p a r, $100.
L eased t o N . Y .
$34 0,22 8;
n e t,
$ 82 ,297
L A T E S T E A R N I N G S .— /1 9 0 9 ______ G ross,
C en t. Sc H u d . R l v . R R . fro m April 1 1909 fo r th e term o f Its c o rp o ra te e x ­
2 m o s ., J u ly 1 t o A u g . 3 1 . 119 08_____ G ross,
286,584;
n e t,
8 2 ,6 7 0
isten ce, or a n y ex ten sion s th e re o f, the rental c o v e r in g 4 % d iv id e n d s o n the
R E P O R T .— F iscal y e a r en d s Ju n e 3 0 . R e p o r t fo r 1908-09 In " C h r o n ­
p ref. an d 3 X % o n th e c o m . s to c k an d d iv id e n d s on a n y 2n d p r e f. s to c k
ic l e ” o n o r a b o u t O ct. 30 s h o w e d : G ross, $ 1 ,9 9 6 ,9 3 7 ; o p e r . In c., $47 4,36 5th a t m a y be Issued.
V . 88, p . 822 , 1061; V . 89, p. 286. T h e P ine Creek
o t h e r In c., $48 ,553 ; in t. o n b o n d s , & c., $32 2,63 0; d lv . o n s to c k , $ 8 8 ,4 0 0 . In
first 6s arc gu a ra n teed b y the R e a d in g a n d N ew Y o r k C en tral J oin tly a n d
100 7-0 8, gross, $ 1,963,546 ; n e t , $ 24 3,97 1. P r e s ., VV. W . F in le y , N e w Y o r k .
s e v era lly . See fo rm o f g u a ra n ty , V . 56, p . 650. T h e ro a d Is m o rtg a g e d to
— (V . 8 9 . p. 1068.)
secure an au th oriz ed Issue o f $10 ,0 0 0 ,0 0 0 5 0 -yea r 4 % b o n d s o f th e N . Y . C.
G E T T Y S B U R G & H A R R I S B U R G R Y . — Carlisle t o G e ttv s b u rg , P a . 31
Sc H . R . R R . assu m ed b y th e G en eva C orn in g & S o u th e rn , t o be used t o
m .; bran ch to R o u n d T o p , P a , 3 m . T h e R e a d in g C o. ow ns $54 5 ,3 0 0 of
retire o u ts ta n d in g Indebtedness a n d b o n d s fo r Im p ro v e m e n ts.
In J u ly
the $ 60 0,00 0 ca p ita l s to c k ; $53 5,00 0 d e p o site d u n d er Its gen. m tge. o f 1896.
1909 $ 3 ,7 4 4 ,0 0 0 b on d s w ere a u th o riz e d t o b e Issued fo r Im p ro v e m e n ts an d
T h e co n s o l. 5s o f 1891 w ere gu ar, b y P b lla . & R e a d in g R R (fo r e c lo s e d ).
retirem en t o f $ 60 0,00 0 S yracu se G en eva & C orn in g s e co n d m tg e . b o n d s.
V . 88. p. 1127, 1313; V . 89, p . 162.— (V . 8 9 , p . 162, 224 , 286 .)
G I L A V A L L E Y G L O B E Sc N O R T H E R N R Y . — B ow ie, A r lz ., t o G lo b e ,
125 m iles. S to c k , $ 2 ,0 0 0 ,0 0 0 , all o w n e d b y S o u th ern P a cific C o .
V . 71,
G E O R G I A C O A S T & P I E D M O N T R R . — E x te n d s fro m D arien t o C ollin s,
p . 1314. P a r, $10 0. T h e b o n d s, lim ite d t o $15 ,000 per m ile ($ 1 ,5 0 4 ,0 0 0
G a ., 85 m iles; c o m p le te d In J u ly 1906. S to c k , $ 1 ,0 0 0 ,0 0 0 . T h e c o n ­
o u ts ta n d in g ), are gu a ra n te e d , prln . a n d In t., b y S o u th ern P a cific C o .
s o lid a te d 4 0 -y e a r 5s (lim ited t o $ 3 ,5 0 0 ,0 0 0 ) are Issuable a t $10 ,000 per
V . 6 9 , p . 27; g u a ra n ty In V . 68, p . 232.
m ile anil $2,000 per m ile a d d itio n a l fo r e q u ip m e n t w hen the p r o p e r ty has
D I V I D E N D S .— 1 9 0 1 ,4 % ; '0 2 , 4 % ; '0 4 -0 5 , 2 0 % ; '0 6 -0 7 , 6 % ; ’ 0 7 -0 8 , 6 % .
earned 5 0 % In ex cess o f Interest ch arges; $20 0,00 0 m a y be used to acq u ire
E A R N I N G S .— 12 m o s ., ( 1 9 0 8 - 0 9 ...........G ross, $ 1 ,0 1 3 ,5 9 8 ; n et, $36 5 ,6 6 3
term inals, su ffic ie n t o f the Issue be in g also reserved to retire the 1st 5s.
V. 8 2 , p. 804.
In O ct. 1907 th e c o m p a n y w as a u th orized to Issue $ 2 ,5 7 0 ,0 0 0
J u ly 1 t o J u n . 3 0 .
\ 1 907-08.............G ross, 1,0 3 5 ,2 0 7 ; n e t, 488,801
con sols for variou s p u rp oses, In clu din g $ 1 ,0 0 0 ,0 0 0 to retire the first 5s.
R E P O R T .— In 1907-08, gross, $ 1 ,0 3 5 ,2 0 8 ; n e t , $ 45 2,33 9; in t. s in k , fu n d ,
V . 8 5 , p . 1143. T h ere a r c also $17 5,00 0 10-year 6 % Incom e d eben tu res d u e
& c ., $22 1,69 7; d lv s . ( 6 % ) . $12 0,00 0; b a l. s u r ., $ 11 0,64 2.
1918, Int. p a y a b le S e p t. y e a rly If e a rn e d . Y e a r e n d in g Jun e 30 1909, gross,
G O U V E R N E U R & O S W E G A T C H I E R R . — O w ns fro m G o u v e rn e u r t o
$68 ,3 5 0 ; n e t, $ 6 ,6 6 5 .
In 1907-08, g ro ss, $65 ,023 ; n et, $1 ,5 1 2 ; ch arges,
E d w ards, N . Y . , 13 m iles. S to c k , $ 3 5 0 ,0 0 0 , all o w n e d b y N Y . C e n t.—
$34 ,6 8 4 ; b a l., d e f ., $33 ,172 . P re s., D o n a ld M a c k a y .— (V . 88, p . 624.)
w h ich gu aran tees the b o n d s. See V . 55, p . 810 an d V . 5 6 , p . 501.
G E O R G I A F L O R I D A & A L A B A M A R Y . — O w ns R ic h la n d , G a ., t o
G R A N D R A P I D S & I N D I A N A R Y . — (S ee M a p s o f P en n sylvan ia R R .) —
T a llah assee, F la ., 133 m iles, In clu din g 26 m iles o p e n e d S e p te m b e r 1909;
T allah assee t o C a rrab elle, o n th e G u lf o f M e x ico , 51 m iles; bra n ch H a­ O w ns fro m F o r t W a y n e , I n d ., t o M ackinaw C ity , 367 m .; b ra n ch e s, 69 m .;
to ta l o w n e d , 436 m iles; o p era tes th e fo llo w in g r o a d s, b u t has n o t assu m ed
v a n a , F la ., to Q u in cy , 12 m iles; to t a l, 196 m iles.
A lso operates
the o ld c o m p a n y ’s leases th e re o f: C ln. R ic h m o n d & F t. W a y n e R R . , 86 m .;
s tea m er line fr o m Carrabelle t o A p p a la c h lc o la , F la . S to c k
$350 000T ra v e rse C ity R R . (n early all th e s to ck a n d all th e In com e b o n d s o w n e d ).
p a r, $10 0.
In Ju n e 1909 P residen t W illia m s, It w as r e p o r te d , pu rch ased
26 m .; M uskegon G ra n d R a p id s & In d ian a R R . , 37 m .. T r a v e r s e C ity
th e m in o rity s t o c k a n d p r a c tic a lly all o f th e o u ts ta n d in g b o n d s.
V 88
L eelanau & M an lstlqu e R R ., T ra v e rse C ity t o N o rth p o rt, M ic h ., 30 m iles
p . 1437.
B o n d s , see ta b le a b o v e . L o a n s an d b ills p a y a b le Ju n e 30
(ln c l. 6 m . tr a c k a g e ). see V . 74, p . 777; V . 76, p . 811; V . 82, p . 988, 1098.
1908, $ 24 8,08 8,
T h e sto ck h o ld e rs o n N o v . 13 1906 a u th o riz e d $ 1 ,2 2 5 ,0 0 0
6 % n o n -c o m . p r e f. s to c k o n 1 6 8 X m iles, th en o p e r a te d , w ith $ 8 ,0 0 0 ’ p e r
H I S T O R Y .— S u ccessor A u g . 1 1896 o f G rand R a p id s & In d ian a R ailroad.
m ile fo r a d d itio n a l m ileage; n o new s t o c k had been Issued to O c t . 1008.
fo re clo se d und er se co n d m tg e ., per plan In V . 63, p 153.
F or y ear en d in g Jun e 30 1908, gross, $ 47 1,76 3; n e t, $ 3 0 ,5 7 1 ; Int. and
S T O C K .— S to c k , $ 6 ,0 0 0 ,0 0 0 , o f w h ich P e n n sy lv a n ia Interests are s u p ­
ta x es. $97 937: b a la n ce, d e ficit. $ 58 ,366 .
P res.. J. P . W illia m s; S e c. and
p osed t o o w n all o r n early all. P en n . C o . on Jan . 1 1909 o w n e d $ 2 ,9 0 2 ,6 0 0 .
T r c a s ., J . L . N Isb et. O ffic e , S a v a n n a h , G a .— (V . 8 8 . p . 1437.)
D I V I D E N D S .— 1900 1 % ; 1901 2 % ; 1902 to O c t . 1909, 3 % ( y e a r ly ).
G E O R G I A & F L O R I D A R Y . — P r o je c te d fro m A u g u sta , G a ., to M ad ison ,
B O N D S .— T h e 1st m tg e . b o n d s e x te n d e d a t 4 X % are en d o rse d w ith the
F la ., 40 m iles fro m the G ulf o f M e x ico , w ith b ran ch es, In clu din g o n e to
S a v a n n a h , o f w h ich 280 m . In o p e r a tio n , a b o u t 67 m . c o n n e c tin g lines g u a ra n ty o f the P en n . R R . C o . to purch ase th e c o u p o n s as th e y m a tu re , and
th e b o n d Itself at m a tu r ity . See g u a r ., V . 56, p . 649; V . 69, p . 1 10 3. O f
bein g und er c o n s tr u c tio n : to ta l to be 347 m . A c o n s o lid a tio n In A u g . 1907
th e s e c o n d s , $ 2 ,9 8 7 ,0 0 0 w ere o w n e d Jan . 1 1909 b y P e n n sy lv a n ia R R .
o f the D ou gla s A u g u sta Sc G u lf. MUlen & Sou th w estern an d o th e r r o a d s,
R E P O R T — R e p o rt fo r 1908 In V . 8 8 . p .1 0 5 7 .
In 1908 carried 2 ,4 8 6 ,8 9 2
a cq u ired b y a s y n d ic a te organ ized b y M ld d e n d o r f, W illia m s Sc C o . and In te r ­
t o n s o f fre ig h t, o f w h ich 3 6 % w as lu m b e r, Sec., an d 1 8 % c o a l.
n a l T r . C o. o f M aryland and Jo h n L. W illia m s Sc Sons o f R ic h m o n d , V a.
Y ea r ending D e c . 31—
1908.
1907.
1906.
1905.
V . 8 2 , p . 1211; V . 85, p. 345; V . 87, p. 480, 936, 1533: V . 8 8 . p. 681. H ad o p ­
436
426
424’
424
M iles o p e r a t e d .............................
tio n on 4 5 % o f s to c k o f S av an n ah & S ta te s b o ro R y ., 53 m ., ln c l. 20 m . tr a c k ­
G ross I n c o m e
-------------------- $3,498,148 $4,149,694 $ 3 ,9 0 0 ,6 0 5 $ 3 ,6 0 5 ,6 4 9
a g e . C a p italization t o b o ; C om . s t k ., $15 ,0 0 0 , and n o n -c u m . p r e f., $10 ,000
N et o v e r expen ses & t a x e s . .
727,751
801 ,299
782,094
6 9 8 ,8 3 9
per m ile. A fte r 4 % o n p r e f., c o m . Is to be e n titled to 4 % , then p re f. to
In terest an d o th e r ch arges. $488,270; Im p rovem en ts, $ 52 ,390 ; d iv id e n d s .
2 % a d d itio n a l, th en c o m . to all o th e r earnings.
B on ds t o be lim ited to
( 3 % ) , $17 3,73 0; b a l., s u r., $ 1 3 ,3 6 1 .— (V . 8 6 , .9 7 5 , V . 8 8 . p. 105 7.)
$12 ,0 0 0 ,0 0 0 at $2 0 ,0 0 0 per m ile, o f w h ich $5 ,0 0 0 ,0 0 0 u n d erw ritten In J u ly
G R A N D R A P I D S & N O R T H W E S T E R N R R . — Sec page 171.
1907.
V . 85, p . 221 , 530.
R ep ort fo r year e n din g Jun e 30 1908 In V . 8 8 ,
. P. 681, sh o w e d , gross, $30 3,11 5; net In com e, $46 ,580 ; ch arges, $ 3 5 ,2 3 6 ;
G R A N D T R U N K P A C I F I C R Y . — (See M a p .) — T h is new t r a n s -c o n ti­
b a l., s u r ., $ 1 1 ,3 4 4 . P re s ., J o h n S k e lto n W illia m s; S e c ., C. T . W illia m s;
n e n ta l ra ilw a y across C a nada has received the a p p ro v a l o f the C anadian
T r c a s ., R u th e r fo o r d F leet; G en. M g r., J. M . T u rn e r.— (V . 89, p . 778.)
G o v e rn m e n t an d w ill b e carried throu gh w ith the Joint financial s u p p o r t
o f th e G o v e rn m e n t an d tjie G rand T ru n k R y . C o . o f C a nada.
It w ill
G E O R G I A M I D L A N D R Y . — Se e p a g e 1 7 1 .
co n sist o f a m ain line o f an e stim a ted length o f a b o u t 3 .5 5 0 m iles, from
G E O R G I A R R . & B A N K I N G C O . — O w ns fro m A u g u sta , G a ., to A tla n t a ,
M o n c to n , N ew B ru n sw ick , to P rince R u p e r t, B. C ., on the P a cific O cea n ,
G a .. 171 in .; branches to W a sh in g to n and A th e n s, 58 m .; M acon & A u gu sta
R U . (p ro p rie ta ry r o a d ), C a m ak, G a ., to M acon , G a ., 74 m .; tra ck a ge , 4 m .; a b o u t 25 m iles so u th o f P o r t S im p so n , B . C .. w ith b ra n ch 188 m iles, v iz .:
1. L eased L in e, to be B u ilt by C anadian G overnm ent—
M ile s
tota l, 307 m . O w ns 5 0 % s to c k o f W estern R y . o f A la . (th e Central o f Ga.
R y . ow n in g the oth er h a lf); also a 4 7 % Interest In A tl. & W est P o in t.
E astern D lv ., M o n cto n , N . B .. v ia Q u e b e c t o W in n ip e g , a b o u t ___ 1,800
L ea se.— In 1881 roads leased fo r 09 years to VV. M . W a d le y el al to r the
(T o be leased fo r 50 years to G rand T ru n k P a c. R y . C o .— fo r first
C en t, o f G a. a n d th e L ou . & N a sh ., at $60 0,00 0 per year, b u t in A p ril 1809
7 years a t co s t o f o p e ra tin g o n ly a n d fo r rem ain in g 43 years a t
the L ou lsv. Sc N ash, w as held t o h ave a cq u ire d all rights under the lease;
3 % on c o s t o f co n stru ctio n ) (b u t see V . 8 0 , p . 9 9 7 ).
A tla n tic C oast C o . J u ly 1899 a cq u ire d half Interest.
V . 68, p . 722: V . 69,
2. W estern D ivision , B uilt and Owned by C o m p a n y —
p . 385 , 591; V . 70. p . 125. T a x de cisio n s, V . 85, p . 160, 13 3 9 ; V . 86, p . 981.
a. Prairie S e ctio n , W in n ip e g to R o c k y M ou n tain s, a b o u t
916
Car tru sts, $13 8,99 4. T h ere h ave been s o ld $ 1 ,0 0 0 ,0 0 0 4 0 -v e a r 4 % d e b e n ­
b. M ountain D ivision . R o c k y M ountains to P a cific O ce a n , a b o u t ”
839
tu re b on d s to refu nd the 6s d u e Jan . 1 1910. V . 8 7 , p . 226 , 285 . O w ns
3 . L a ke S u p erior Branch. Built and Owned by C o m p a n y—
a m a jo r it y ($198,200) o f s to c k o f " G e o r g ia R a ilro a d B a n k .”
T h u n d e r B a y on Lake S u oerlor t o Junction w ith E astern D iv is io n
east o f W in n ip e g (co m p le te d In N o v e m b e r 1908.)
’ 188
D I V I D ’ D S .— \ 1 8 8 t.
1882.
1883 to 1887.
1888.
1889 to O c t . 1909.
O f the Prairie S e ctio n . W in n ip e g t o E d m o n to n . 793 m ile s 'w a s " c o m p le te d
S in ce 188 0, _. .% J 9 X
10X
10 y e a rly
io X
11 ye a rly
J u ly 1909: fro m L ake S u p erior J e t . t o W in n ip e g , 245 m iles, w ill b e c o m ­
E A R N I N G S (307 m ile s ).— ( 1 9 0 8 - 0 9 ..G ross, $ 2 ,7 5 1 ,0 9 4 ; n et, $520,041
p le te d In 1910. a n d E d m o n to n w est t o W o lf C reek , 120 m iles, w a s c o m ­
J u ly 1 t o Ju n e 3 0 ,1 2 m o n t h s .\ 1 9 0 7 - 0 8 ..G ross,
2 ,8 5 8 ,7 5 0 ; n e t,
4 92 ,614
p leted S e p t. 1909, m a k in g, w ith L a k e S u p e rio r b r a n c h , 1,346 m iles o f c o n ­
R a ilroad earnings fo r y e a r e n d in g Ju n o 30 1908, gross, $ 2 ,8 5 8 ,7 5 0 ; n et,
tin u o u s line In o p e ra tio n . O n m o u n ta in s e c tio n co n s tr u c tio n w a s b egu n
$4 7 6 ,2 4 2 ; o th e r In com e, $18 ,407 ; re n ta l t o G a. R R . Sc B . C o ., $ 60 0,00 0;
In 1908 on 100 m iles east fro m P rin ce R u p e r t.
C o n tra cts h ave be e n let
In t., ren ts, & c ., $75 ,386 ; b a l., d e f ., $ 1 8 0 ,7 3 7 .— ( V . 8 8 , p . 1372, 1437.)
o n all o th e r p o rtio n s o f the ro a d t o b e b u ilt b y th e G o v e rn m e n t.
V . 84,
G E O R G I A S O U T H E R N & F L O R I D A R Y — (S ee M a p o f Southern h . , —
p. 1052; V . 86, p . 794, 1100; V . 8 7 , p . 677 , 873 ; V . 89, p. 224 .
L e a ses
O w ns from M acon . G a , to P a la tk a , I-la., 285 m iles: on N o v . 1 1002 p u r­
W in n ip e g term inals a t a b o u t $ 97 ,500 y e a r ly .
V . 89, p . 666.
ch ased A tl. V . & W . R y .. V a ld o sta , G a ., to J a ck so n v ille , F la ., 107 m iles;
O R G A N I Z A T I O N . — In co rp o ra te d b y C anadian Legislature In 1003
S ee
tra ck a ge Into J a c k son v ille, 3 m .: to ta l, 395 m iles.
A ls o ow n s o n c -clg h th
full sta tem en t In V . 80. p. 996; V . 81. p . 1315.
As to G rand T ru n k P a clflo
o f s to c k o f J a ck son v ille T erm in al C o .
V . 77, p. 626.
B ran ch L ines C o . , see V . 8 2 , p . 333; V . 8 6 , p . 1100; V . 8 8 , p . 295.




DAW SON

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« i« U
DOUBLE TRACK..

R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on first page of tables

M ile s
or
Road

G ra n d T ru n k R a ilw a y — (C oncluded)
455
M id lan d o f C anada cons l - t At £ 3 , 1 6 4 , 7 0 0 - - . ___c
N ew E n gland E lev 1st M g gu due $10 ,000 y e a r l y ..
M ontreal W areh ou sin g 1st M $1,9 0 0 ,0 0 0 g o ld g u a r.
60
G rand I r u n k W e s te rn — N orth w est G rand T ru n k 1st M
First M $ 15 ,000 ,00 0 lnt guar gold $ (cur) A £ ____ F 326.5
S econ d M Incom e gold $1,5 0 0 ,0 0 0 redeem (te x t) _Ta 326.5
___
G reat N orthern— S to c k $21 0,0 0 0 ,0 0 0 _____ _______ St P M A M , D a k ota E x ten sion 1st M g o ld . -C e.c* 1,221
Consol m tge fo r K n ow 1st M on lands) g o l d - . C c f 2 ,G55
$ 5 0 ,0 0 0 ,0 0 0 ../
{ 2,655
l 2,655
420
M on ta n a E x t 1st M ($25,000 p m) g o l d ____ C c . c 'A r
818
P a cific E x ten sion M £ 6,000,000 g o l d -------Ce e * A r
___
C B A Q col tr M g (sub to call at 1 0 5 ).......... — S cA r
___
do
do
do
re giste re d ------------3
M inn Un R y first m tge gold a s s u m e d ---------------C e.c*
3
do
do
do
do
----------------------285
E o f M inn N o D lv M $ 9 ,7 0 0 ,0 0 0 g assu red - M c .c ’ Ar
260
M on t C ent 1st M g ($ 6 ,0 0 0 ,0 0 0 are 6 s )a s s u m .C e .c A r
W illm a r A S iou x Falls 1st M g assum (e n d )-C e .c * Ar
433
2
M ln neap W est M $ 1,000.009 g a ss u m (V 60 p 8 3 5 )_ c*
132
S p ok a n e Falls A N orth first m tge gold a s s u m .M a .c *
Gt N orth R y o f C a n — See C anadian N orth Q u e b e c R y
Green B a y & W estern R R — S to ck (see t e x t ) ----------------D eb en tu res Class A Incom es te x t n o n -e u m _______ c*
Class B Incom es a fter 5 % on s to ck n o n - e u m ..c *
G reene R R (N ew Y o r k )— S t o c k --------- ------------------------21
G reen w ich A J o lin s o n v ille — 1st M $50 0,00 0 g . - S . c A r
C on sol M S 1,0110,000 gold
.
...........................S
G u ay & 0
P rior Men M g o ld , red 105 s f _____________
1st M o rig in a lly $ 1 2 ,282 ,00 0 g o ld gu ar ( t e x t ) . - U s m
G ulf B ea u m on t A K C —S ec A tch ison T o p e k a A S an ta Fe
77
G ulf B A Gt N or gold p A 1 guar end ( t e x t ) ___A B .c

__

__

S iz e, or
Par
V a lue

A m ount
O utstanding

R ate
%

1882
1901
l:i06
1880
1900
1900
____
1880
1883
1883
____
1887
1890
1901
1901
1882
1882
1898
1887
1888
1891
1889

£100
1,000
$ or £
500 A c
£100
500
100
1,000
1,000
1,000
1,000
1,000
£100 A c
$1,000 A c
1,000 A c
1,000
1,000
1,000 A c
1,000 A c
1,000
1,000
1,000

£ 1 .0 1 6 ,5 0 0
320,000
$ 1 , 000,000
563,000
1 4 ,437,000
1,500,000
2 0 9 ,9 7 0 250
3,0 2 5 ,0 0 0
1 3,344,000
21 ,220,000
4 ,4 1 1 ,0 0 0
a l0 .1 8 5 ,0 0 0
b £4,000,000
l 107613500
J
2,1 5 0 ,0 0 0
650,000
d 9 .7 0 0 .0 0 0
10,000,000
3,6 2 5 ,0 0 0
500,000
229,000

5
3 54 g
4
6
4 g
U p to4 %
7 in 1909
6 g
6 g
g
4 g
4 g
4 g
J 4 g
\
4 g
6 g
5 g
4 g
5 A 6 g
5 g
5 g
6

1904

100
1,000
1,000
100
1.000

1908
1809

1,000
1,000

1900
1907

1,000

1896
1896

T o ta l In ea rn in g s____________ 3,5361
T o ta l r o a d ------------------------------- 4,768
Car fe rr y . G rand H a v e n to M ilw aukee.
*See se p a ra te sta te m e n t this C o.
As to G ta n d T '" n k P a cific R v . see that e o m p a n v a b o v e . V . 79, n. 2587.
O n S e p t. 30 1905 b egan o p e r a tin g C anada A tla n tic R y . an d g u a r ., prln.
an d ln t ., Its 4 % b o n d s . V . 79. p . 967 , 1331, 1 6 4 1 ,2 4 5 5 , 2620; V . 85, p .6 0 0 .
S T O C K , & c .— T h e a u th o riz e d ca p ita l o n D e c. 31 1908 w as £46,436,364
s to c k i £45 ,434 ,05 1 Issued and £1 0 0 2 ,3 1 3 u n issu ed; a d v a n ce s fro m the
C anadian G o v t. In aid o f c o n s tru ctio n am ou n t to £ 3 ,1 1 1 ,5 0 0 .
P erpetu a l
co n s o l. 4 % d e b . s to c k a u th orized b y A c t o f 1882, an d later A c ts , has been
Issued from tim e to tim e to a cqu ire securities o f co m p a n ie s c o n so lid a te d and
c o n tr o lle d , a m o u n tin g D e c . 31 1908 t o £ 8 ,8 4 7 ,9 6 5 , an d be a rin g an ann u al
Interest o f £456,994.
V . 71, p . 8 4 . S h areh olders A p r. 21 1909 a u th orized
an Increase o f £ 2 .500.000 In the lim it o f 4 % p erp etu al c o n s o lid a te d d e b e n ­
ture s tock a n d o f the 4 % gu aran teed s to c k fro m £1 0 ,0 0 0 ,0 0 0 to £12 ,5 0 0 ,0 0 0 .
V . 88, p. 822 , 1194; V . 82, p. 692; V . 8 6 , p. 602 , 1100.
In 1908 It w as p rop osed to a p p ly fo r a u th o r ity to g u a ra n te e T o r o n t o
TTnlou S' •firm C o. points.
V 8 2 , r>. 452 .
M ontreal W areh ou sin g g u a r a n ­
te e d b o n d s, V . 83, p . 3 7 . G r. T r k . P a c. T o w n A D cv e l. C o ., V . 8 6 , p . 1042
D I V I D E N D S — F o r ’ 98.
’ 99. ’ 00. ’ 01 ’ 02. U3. ’ U4 '0 5 . ’ 06. '0 7 . ’0 8 .
G u aran teed 4 % s to c k % 2
4
4
4
4
4
4
4
4
4 4
First p referred ________ % 3
5
5
5
5
5
5
5
5
5 5
S econ d p re fe rr e d _____ % 0
3 )4 3
4
5
5
5
5
5
5 2 >4
T h ird p r e fe rr e d _______ % 0
0
0
0
1
2
0
2
3
3 0
A s t o d iv id e n d s fo r 1908. see V . 8 7 . p . 41 4 , 480; V . 88, p . 564.
E A R N I N G S .— 2 m o s ., 119 0 9 ---------- G ross, $ 5 ,6 5 9 ,8 4 9 ; n e t, $1,5 5 7 ,2 8 0
J u ly l t o A u g. 31.
J 1908
------ G ross, 5 ,1 4 3 ,5 1 4 ; n e t, 1,515,915
F o r h a lf-y ea r e n d in g Ju n e 20 1909 (p a r tly e s tim a te d ), gross, £2,866,468 ;




W hen
P a yable
&
A
A
A
A
J u ly
J— b
M A
A
.1
A
J
A
J
J
A
A
J
A
J
Q— J
J
A
.)
A
A A
A
.1
A
J
J A
J A
J

J

A
J
J

W here P a y a b le, and by
W hom

J 1

1 Jan 1 1912
J u ly 1 9 1 0-1 941
A p r 1 1936
Jan 1 1910
J u ly 1 1950
J u ly 1 1950
N o v 1 1909 1 54
N o v 1 1910
J u ly 1 1033
J u ly 1 1933
J u ly 1 1933
June 1 1937
J u ly 1 1940
J u ly 1 1921
J u ly 1 1921
J u ly 1 1922
Ju ly l 1922
192 8-1948
J u ly 1 1937
June 1 1938
J u ly 1 1911
Ju ly 1 1939

J

O M ontreal or L on d on
J N at Bk o f C om m erce N Y
J Bank M o n tr e a l,N Y A L on
4 % paid 1906-1908
O ffice 32 N assau S t N Y
N 32 N assau S t N ew Y o rk
do
do
do
do
.1
do
do
.1
I)
do
do
J N Y A L o n d , B a rin g B ros
J J . P . M organ A C o ., N .Y .
do
do
J 32 N assau S t N ew Y o r k
do
do
J
O 32 N assau N Y ;L c e ,H ,B o s
.1 32 N assau St N ew Y o rk
D
do
do
J N Y A L o n , B a rin g B ros
J Chase N a tio n a l B a n k N Y

F eb
2 ,500,000 5 F e b ’ 09
O ffice 40 W all S treet N Y F e b 8 1909 5 %
Feb
do
do
F eb 8 1909 6 %
600,000 5 F e b ’ 09
do
do
7 ,0 0 0 ,0 0 0 % F e b ’ 09
F e b 8 19(19 54%
F eb
6
A D D L A W 90 W e s t St
200,000
J
J u n e lO 1909 3 %
A
J
J S tand ard T ru s t C o N Y Jan 1 1924
500,000
4 g
5 g
&
J N ew Y o r k a n d L o n d o n
Jan 2 1930
J
2 ,4 8 6 ,0 0 0
6 g
5
A
See te x t
Jan 2 1932
J
10,808,000

■
1

1 132.000

a $1 1 ,5 0 2 ,0 0 0 a d d ition a l pledged fo r P a cific E x ten s Ion b o nds
d S u b je c t to call a t 105 after A p ril 1928.
S T O C K — A u th o riz e d , 5 1 5 ,000 ,00 0 (par o f shares, 5100 e a c h ), o f w hich
th e $ 2 5 ,0 0 0 ,0 0 0 co m m o n Is ow n ed b y th e G rand T ru n k R y .
B O N D S .— T h e Canadian G o v e rn m e n t a g re e d t o g u a ra n te e 3 % 1st m tg e .
b o n d s for an a m o u n t u p to 7 5 % o f th e c o s t o f c o n s tru ctio n o f th e W estern
d iv is io n , su ch a m o u n t («) In th e case o f th e Prairie S e ctio n n o t to e x ce e d
$ 13 ,000 per m ile, o r £3,210,000 In a ll, and (ft) th ree-q u a rters o f to ta l co st
p er m ile from th e m ou n tain s to P a cific C oa st, ca lled M ou n tain S e ctio n .
Issu e lim ited to £14 ,0 0 0 ,0 0 0 ; R o y a l T ru s t C o ., C a n ada, tru stee. T o J u ly
1900 £5,2 0 0 ,0 0 0 had been so ld .
(V . 80. p . 990 , 1234, 1303; V . 81, p . 507,
013; V . 89, p. 2 24 ,280 .)
Series " A " (P rairie S ec.) 4 % b o n d s , to ta l lssuo lim ite d t o £2,1 0 0 ,0 0 0 , and
Series " B ” (M ou n tain S ec.) 4 % b o n d s, n o t t o e x c e e d £2 ,0 5 0 ,0 0 0 , are se cu re d
b y a 2d m tg e. (N a tion a l T ru s t C o , T o r o n t o , trustee) on the railw ay,
eq u ip m en t a n d tolls of th e c o .. Inclu din g Its leasehold Interest In the Eastern
D iv ision , bu t n o t branch lines e x ce e d in g 0 m iles In length, shins, grants of
lands (oth er than for ra ilw a y purposes) and the rollin g s tock of the East. D lv .
or of the a b o v e -m e n tio n e d branch lines o f o v e r 8 miles
T h ese b on d s are
u n c o n d itio n a lly gu a ra n teed as to prln . an d Int. b y the G ra n d T ru n k R y . C o.
See fo rm In V . 80, p. 996; also see V . 8 0 , p. 996; V. 86, p . 794.
A lth ou g h the m ortg age to secure the 3"r> b on d s gu aran teed b y the G overn
m en t ranks b e fo r e th e m tges. se cu rin g A an d B b o n d s gu a ra n te e d b y th e
G rand T ru n k R y . o f C anada, y e t an a g re e m e n t sch ed u le t o an A ct o f 1904
p ro v id e s In eircct th at In th e e v e n t o f d e fa u lt b y the c o m p a n y fo r 5 years In
p a y m e n t o f th e ln t. on the 3 % b o n d s, th e re m e d y o f th e G o v e rn m e n t shall
b e t o p u t In a m anager w ith the co n cu rre n ce o f th e c o m p a n y to op e ra te the
W es tern D ivision an d to co lle c t an d d istrib u te n e t earnings o f ea ch p a r ticu ­
lar d iv ision p a ri passu betw e e n the h olders o f the b o n d s gu ar, b y th e G o v ’ t
an d th e h olders o f the b on d s guar, b y the G rand T ru n k R y . C o. In the p r o ­
p o r tio n o f 7 5 % o f such earnings to the holders o f the G o v ’ t b o n d s an d 2 5 %
t o the h olders o f the b on d s o f this d iv isio n gu ar, b y the G rand T r ’ k R y . C o.
In M ay 1909 th e D o m in io n G o v e rn m e n t a greed to loan n o t e x c e e d in g
$ 1 0 ,0 0 0 ,0 0 0 , r e p a y a b le In 10 years o r a t a n y tim e on 6 m o n th s ’ n o tice .
Interest th ereon to be 4 % , p a y a b le se m i-a n n u a lly , secu red b y the c o m p a n y ’s
b on d s t o the sam e a m o u n t, m atu rin g 1919, gu a ra n te e d p rln . an d ln t. b y
th e G ra n d T r u n k , u n d er a m tg e . o n the P rairie S e c tio n , s u b je c t to existin g
p rior liens.
V . 88, p. 822 , 1191, 1061, 1253.
Lake Su p erior branch bon d s, total Issue lim ited to £ 1 ,5 5 0 ,0 0 0 , are se­
cu red b y a 1st m tg e . on all the 188-m lle Lake Sup erior D lv . an d are gu aran ­
teed prln . an d lnt. b y G rand T ru n k R y . C o.
(V . 80, p 906.)
In 1909 A cts w ere passed b y th e p ro v in c e s o f S a sk a tch ew a n and A lb e rta ,
au th oriz in g th e res p e c tiv e p ro v in ce s to g u a ra n te e , prln . an d ln t ., at the rate
o f $ 13 ,000 per m ile, first m tg e . b o n d s , t o b e Issued b y th e G rank T ru n k
P a cific B ran ch L in es C o. fo r th e co n s tr u c tio n o f new lines, v iz ., 195 m iles
In S a sk a tch ew a n an d 491 In A lb e rta , to be w o rk e d u n d er agreem en t b y the
G ra n d T ru n k P a cific R y .
P o w e r Is given to Issue a d d itio n a l b o n d s up to
$ 2 ,000 p er m ile , m ak in g an aggregate o f $15,000 p er m ile.
In 1909 o b ta in e d a u th o r ity to g u aran tee the b o n d s, d e b e n tu re s o r o th e r
secu rities o f G rand T ru n k P a cific B ran ch Lines C o ., t o be Issued to b u ild
270 m iles o f roa d at $ 30 ,000 per m ile.
V . 88, p . 295 , 563.
In M ay 1909 £50 0,00 0 (part o f $52 1,60 0) g u aran teed b y S ask atch ew an
an d £500,000 (part o f £1,313,300 ) gu a ra n te e d b y A lb e rta w ere s o ld . V . 8 8 ,
p . 1437, 1372, 822 .
D E B E N T U R E S T O C K .— In 1906, $2 5 ,0 0 0 ,0 0 0 d e b e n tu re s to c k w as a u ­
th oriz ed , o f w h ich $ 1 5 ,000 ,00 0 (£ 3 ,0 0 0 ,0 0 0 ) l n t . g u a r, b y the G rand T ru n k
R y . under certain c o n d itio n s (see V . 84, p. 5 7 0 ), to be Issued as perpetual
d e b .s t k .; fth ls e i .OOO.oOO sMcUn F e b .’07 and £1 .000,000 ad d ition al J a n .’ 08.
an d In F e b . 1909 £ 1,000,000 w as offe re d a t £90 per £100. V . 8 8 , p . 624.
O F F I C E R S .— P res., Charles M. H ays. M ontreal. C a n .; S e c ., H enry
P h ilip s; T r c a s ., F ran k S c o t t .— (V . 89, p . 2 2 4 , 286 , 666 .)
G R A N D T R U N K R Y . O F C A N A D A — (See M a p .) — Q u e b e c, C a n ., v ia
M ontreal to C h ic ., Ill : also to P o rtla n d , B u ffa lo , D e tro it. T o le d o . A c .
SYSTEM P R O P E R .
1
REPORTED SEPARATELY.
M ile s . | M a jo rity stock, ow ned.
M ile s .
L ines o w n e d ____________________ 2,952 ICentral V e r m o n t * ----------------------- 531
L eased— partly ow ned.
IG rand T ru n k W e s te rn * ------------- 336
A tla n tic A S t. L a w ren ce, P ortI E n tire stock ow ned.
la n d ,M e ., to Island P o n d , V t. 165 | D etrolt G rand H aven A M i l * . . 191
B u ffa lo A Lake H u ro n _________
164 | T ol. S ag . & M u sk e go n ..................
96
C ln cln . S a g . & M a ck in a w _____
53 j J o in tly opened.
O th er lin es______________________
202 1D e tro it & T o le d o S h ore L in e —
79

Bonds— P r in c i­
pal. W hen D u e
Stocks— Last
• D ivid en d

I N T E R E S T OR D I V I D E N D S

D a te
of
B on ds

5 g
5 g

J
M

A
A

J 5 N assau S treet N ew Y k J u ly 1 1930
S
S e p t 1937

b £2,000 ,000 ad d ition al held b y G reat N orth ern

n e t, £787,272, against £781,905 In 1908; net ch a rge s, £44 0 ,5 4 0 ; a d v a n c e s ,
£66,800; d lv . (2 % ) on g u a r, s t o c k , £19 6,80 0; o n first p r e f. (2 > 3 % ) , £85,420;
a d d in g £12,226 on h an d D e c. 31 1908, leaves b a la n ce t o c a rry fo rw a r d
Jun e 30 1909 £9,938.
R E P O R T .— S tatem en t fo r 1908 w as In V . 8 8 , p . 1057, 1193.
Y ears ending D ec . 3 1 —
1908.
1907.
1906.
G ross e a rn in gs................................................ £ 6 ,302,033 £7,1 4 4 ,5 0 6
£6,6 0 6 ,5 2 8
T r a n sp o rta tio n e x p e n s e s ............................ 4 ,5 5 9 ,7 0 1 5,1 9 7 ,4 7 8
4 ,7 4 6 ,3 1 8
N et e a rn in g s________________________ £ 1,742,332
T o ta l net In c o m e ____________________ £1,9 9 9 ,9 8 4
R e n t a ls ._________
155,206
I n t. on b o n d s a n d d e b . s t o c k __________ 1 ,0 6 7 ,1 2 7
A d va n ce s t o c o n tro lle d r o a d s ________
155,704
D iv id e n d s o n gu a ra n te e d s t o c k . . ( 4 ) .
382 ,463
Do
first p referred s t o c k ___ (5)1 70,841
Do
s e co n d p referred s t o c k . (2 > 4)63,210
Do
th ird p referred s t o c k ___
__________
B a lan ce

s r. £5,473

£ 1 ,8 6 0 ,2 1 0
£1,947,028
£ 2 ,220,187
£ 2 .100,993
155 ,206
155,206
1 ,070,923
1 ,069,136
41,5 3 7
153,350
(4 )
312,411
(4 )
336 ,7 7 0
( 5 ) 170,842
(5) 170,841
(5) 126 ,420
(5 )1 2 6 ,4 2 0
(3 )2 1 4 ,9 3 9
(3 )2 1 4 ,9 3 9
d e f. £6,477

su r. £8,714

O F F I C E R S .— P re s., Chas. M. H ays; C h m n . o f B o a rd , A lfred W . S m lth e rs.— (V . 88, p . 119 3. 1253; V . 8 9 , p . 470 , 993.
G R A N D T R U N K W E S T E R N R Y . — (S ee M a p G rand T ru n k R y .) — O w n s
fro m P o rt H u ro n , M ich ., to C h ic. A W e st. In d . R R .. 330 m ., and tra ck a g e
C h ic. & W e s t. I n d ., 5 m .; t o ta l, 335 m . S t o c k , $ 6 ,0 0 0 ,0 0 0 , all ow n e d b y
G r. T r u n k . S u cce sso r (V . 69, p. 954; V . 71. p. 28) o f C b l. A G r .T r .fo r e c lo s e d .
B O N D S .— T h e G ra n d T ru n k u n c o n d itio n a lly gu aran tees the Interest on
the new 4s. O f the 4s, $ 5 6 3,00 0 are reserved fo r N o rth w . G r. T ru n k 6s.
T h e new Incom es are s u b je c t t o call at 85 an d a n y Int. then d u e , w ithin the
first 10 vears.
In t. on In com es, 1% paid on J u ly c o u p o n s In 1902 to 1905,
In cl.; 4 % In 1906 to 1908. V . 8 3 , p . 687 . J o in tly w ith T o le d o S t. L ou is
A W estern guaran tees D e tr o it & T o le d o S h o re L in e b o n d s . V . 76, p . 653
E A R N I N G S .— 11 m o s ., 1 1 9 0 8 -0 9 .. .G r o s s , $5 ,0 7 3 ,0 3 7 ; n e t, $ 1 ,1 3 1 ,9 9 5
J u ly 1 to M ay 31.
J 1 9 0 7 -0 8 ...G r o s s ,
5 ,4 3 8 ,5 8 8 : n e t,
906 ,894
Y e a r ending Ju n e 30 1908, G ross, $ 5 ,8 2 7 ,8 1 2 ; n e t, $ 1 ,1 9 5 ,1 1 8 ; o th e r
In co m e , $53 9 ,0 8 9 ; ch arges, $ 1 ,6 7 0 ,2 6 2 ; 4 % on In com es, $ 6 0 ,0 0 0 ; s u rp lu s,
$ 3 ,9 4 4 .
(V . 8 3 , p . 687 .)
G R E A T N O R T H E R N R Y . — (See M a p s .) — O perates a line fro m S t. Paul
M in n ., v ia S p o k a n e , W a s h ., to L o w e ll, W a s h ., on the P a cific c o a s t, w ith
co a st line to S e a ttle , and n u m erou s bran ch es In M in n esota , N e b ra sk a , N orth
and S o u th D a k o ta , M o n ta n a , W a s h in g to n , M a n ito b a an d B ritish C o lu m b ia ,
a g g re g a tin g , Ju n e 30 1909, 6,078 m iles.
L in es owned in fee.
M ile s .
L in es owned in fe e .
M ile s .
S t. P a u l., M in n ., to L o w e ll,
D u lu tli, M in n ., to L a ra m ie , N o .
W a s h ............................................... 1,790
D a k ............................
325
Seattle t o V a n c o u v e r ___________
156 S t. P a u l,M in n ., to G rand F o rk s
W illm ar, M in n ., to Y a n k to n ,
N o. Dale.......... .............................
324
S o. D a k .......................................... 205 V arious b ra n ch e s _______________ 3 ,3 1 8
Trackage ________________________
101
G a rrctso n , S o . D a k ., to S iou x
C ity, l a ., and O ’ N eill. N e b . . 208
T o t a l Jun e 30 19( 9 ....................6 978
S p o k a n e , W a s h ., to N e ls o n ,B .O 200
1,893
P a cific J e t .. M ont . to B u tte _ 351 2d A c ., tra ck s A sid in g s .
T h e S p o k a n e P o rtla n d A Seattle R y ., 420 m iles. Inclu din g bran ch from
G o ld e n d a lc to L y le , 42 m iles, w as c o m p le te d M ay 1909.
V . 8 5 , p . 1273;
V . 80, p . 1529.
.
,
,
In D ec. 1908 the C ld c . B u rl. A Q u in cy a c q u ir e d c o n tr o l o f the C o lo r a d o
A S o u th e rn , a ffo rd in g d ir e ct c o n n e c tio n fo r the H ill lines w ith the G u lf o f
M e xico .
V . 87, p . 1664.
In 1909 arran ged to use Join tly the N orth ern
P a cific line, S o u th T a c o m a to V a n c o u v e r , W a s h ., 135 m iles. V . 88, p .1 3 7 2 .
O R G A N I Z A T I O N .— T h e s to ck h o ld e rs v o te d O ct. 10 1907 to a cq u ire the
S t. P aul M inn. A M an ., E astern R y . o f M in n esota, and o th e r roads h e reto­
fo re co n tr o lle d .
V 8 5 . p. 600, 1209; V . 8 6 , p. 168. 794.
L A N D S .— Sales fo r y e a r 1908-09 w ere 3,638 acres fo r $36 ,346 and 18
to w n lots fo r $675. T h e n e t a m o u n t d u e on land c o n tr a c ts Jun e 30 1909
w as $27 7 ,3 0 2 ; land u n so ld . 815 ,461 a cre s, to be r e d u ce d a b o u t 6 6 0 ,0 0 0
acres b y a final a d ju s tm e n t w ith U. S.
S T O C K .— In 1898 su rren dered th o rig h t to Issue c o m m o n s t o c k , all s to c k
b e in g “ o f a sin gle class w ith u n ifo rm rights an d p r iv ile g e s .’ ’
S to ck h o ld e rs In J a n . 1907 su b scrib e d fo r $6 0 ,0 0 0 ,0 0 0 new s to c k a t p ar,
p a y a b le In Installm ents to A p ril 1908.
P ro ce e d s w ere used fo r a d d ition a l
e q u ip m e n t, e x te n s io n s , to a cq u ire securities o f su b sid ia ry co m p a n ie s , A o .
V . 83. p. 1469; V . 8 4 . p. 749, 803 ; V 85, p. 1273; V . 8 6 , p. 704.
D I V I D ’ D S. P92 to ’ 96 (Incl.) ’ 97. ’ 98. ’ 99. ’ 00. ’ 0 1 . 1902 to N o v 1909.
G t.N o r th . 1 5 % y e a r ly
5>$ 6)4
7
7
7
7 % y e a r ly . Q -F .
A lso In 1898 5 0 % In Seattle A M on t, s t o c k , w h ich w as then ex ch a n g ed
fo r 4 0 % In G t. N o r. pref.
V . 66 , p. 1044, 1188; V . 74, p. 829.
In M ay.
1901 >4 % and In N o v . 1907 1 >4 % w as paid fro m earnings o f L a ke S u p erior
C o.
V . 85, p. 921, 1405.
A n d In D e c. 1906, un it fo r u n it, 1,5 00.000 shares
o f beneficial Interest In the Iron ore pro p e rtie s. See “ G eneral F in a n ce s .”
B O N D S .— S t. P . M in. A M an. consol, mtge. o f 1883 Is fo r $ 5 0 ,0 9 0 ,0 0 0 , o f
w h ich b o n d s are reserved to p a y prior liens.
It Is a first lien on the land
gra n t and on 670 m . o f railw ay In M inn, and a s e co n d lien orn th c rem ain in g
1,873 m iles In M inn, an d tho D a k o ta s. In D eo. 1908 It w as p ro p o s e d to
Issue the $9,0 2 4 ,0 0 0 b o n d s rem ain in g unissued ns 4s In e x c h a n g e fo r th e
sam e a m o u n t o f u n d erlyin g b o n d s.
V . 6 4 , p . 518; V . 86 , p . 229 ; V . 8 7 ,
p. 1533; V. 88 , p . 29 5 , 624. 1001, 1372. M o n ta n a E x t. m tg e . Is fo r $ 2 5 ,­
000 ,000 fo r e x ten sion s an d fo r s e co n d tra ck .
A b s tr a c t , V . 45, p . 342.
P a cific E xten sion m t g e ., £6 ,000 , 009 , p ro v id e s fo r bond s at £0,uuo per
m ile In M ontana and £7,000 per m ile w est o f M on tan a; £ 3 ,000,000 o f this
Issue (o f w h ich £ 1 ,000,000 sold ) w ere released u p on p a y m e n t o f co llateral
trust b o n d s .Sept. 1 1898.
V. 66, p. 1044, 1188; V . 8 0 , p. 1111, 1174.
See a b s tr a c t o f m ortg age V . 52, p. 82.
In 1904 the G t. N orthern and N o r. P a c. had acq u ire d $ 1 0 7 ,6 1 2 ,6 0 0 o f the
$11 0 ,8 3 9 ,1 0 0 C h ica go Burl. A Q u in cy R R . s t o c k . In e x ch a n g e fo r their
Joint 20-year 4 % g o ld b o n d s, secu red b y the d e p o sit o f the s to c k In t iu s t .

R A IL R O A D S .
F o r explan ation o f colum n headings, A c . , see notes
on first page o f tables.

IN T E R E S T OR D IV ID E N D S .
M iles
of
R oad.

G ulf & Ship Isla n d — S t o c k . . ---------------------------------- - - ­
307
F irst refu nd and term M g o ld sink f u n d - -N .c * x & r *
307
M ortg a ge gold part d u e y e a rly red a t 101-------M o o ’
G u lf T erm in a l, M ob ile— 1st M $70 0,00 0 g g u ( t e x t )c * &r
H a n cock & C a lu m et— See M ineral R a n ge R R
„ „ ,
H annibal & St J o s e p h — See C h icago B u rlin gton & Qul
20
H arrim an & N orth ea stern — First m o rtg a ge g o t d . . . C e
53
H a rrisb u rg P orts m ou th Alt J o y & Lane— S to ck 7 % gu
53
First M (ex ten d ed In 1883) gu p & 1 P a R R . - . G P . r
124
H a rtford & C on n ecticu t W e s te rn — S t o c k . . . ..................
124
First m ortg age ex ten d e d In gold In 100 3............... - - 44
H a w k in s v & FI S o— 1st M $ 400,000 g o ld guar p & 1
H en d erson B ridge C o — See L ou isville & N ash ville R R
4M
H ibern ia M ine R R — S t o c k ....................
. . . . . . . ------H o c k in g V alley R y — S to ck c o m m o n $ 11 ,000 ,00 0
S to c k preferred n on -cu m (see text) su b j to call a t par
76
C olu m b u s & H o ck in g V a lle y first m tge gold
c‘
118
Col & T ol 1st M gold e x t 1005 (V 81 p 211) . . . S , c *
85
O h io & W est V a 1st M (L o g a n to P o m e r o y )-------c*
346
First con s olid a ted m ortg a ge $20 ,0 0 0 ,0 0 0 g o l d — Ce
Car trusts gold $80,000 s-a (V 75 p 7 4 1 )-------------------S
.Equip n otes gold Ser A d u e $23 ,000 s -a ------------- U sm
do
do
Ser B d u e $48 ,000 s - a ..........................
do
do
Ser C due $37 ,000 s - a ..........................
<lo
do
Ser D d u e $ 20 ,000 s-a (V 85 p 600)
<lo
do
Ser E due $ 25 ,000 s - a ______________
do
do
Ser I o f 1008 due $25 ,000 s - a .S .x c *
B o n d s o f coal com p a n ie s gu a ra n te e d . See S u n d a y Creek
25
H o o s a c T u n n e l & W ilm in g t— 1st M $250,000 a u t h g .O B
H on s Belt & Ter — 1st M $ 5 ,0 0 0 ,0 0 0 g red 1 0 5 te x t C e c *
ioi
H ou s li & VV T e x a s —1st M gu p & 1 b y S o P a c . .U n , c *
191
First m tge $ 3 ,0 0 0 ,0 0 0 gold not g u a ra n te e d ..... ............
453
H o u s & T ex C R R — 1st M 1 gr g red 110 Int g u .C e .c * &r
453
Cons M land gran t gold red a t 110 ln t g u a r .-F .c * & r
453
G eneral m ortg a g e gold Interest gu ar e n d ..M p ,c * & r
58
W a c o & N W D lv 1st M g $25 ,000 p m ------ C c .c ’ &r
103
A u stin & N W (m erged ) 1st M g gu p & L . M p . c '& r
41
F t W o r th & N ew O rleans 1st M (W a x to F t W orth )
12
C T e x & N W 1st M guar S o P a c (G ar to W a x ) ------ F

A m oun t
O utstanding

1853
1883

1002

100 & c
50
500 &c

100

1,000

1,000

500 &c
1867
1.40 1 .0 0 0
1,000
1875
2.44 1 .0 0 0
1,000
1880
1.55 6 .0 0 0
1899 1,000 &c 14,479,000
1,000
1902
40 0 .0 0 0
1,000
1907
34 5.000
1,000
1907
720 .000
1,000
1907
555 .000
1,000
1907
li'0 ,0 0 0
1,000
1907
40 0 .0 0 0
1,000
425.000
1908
C o und er " I n d u strlals”
1,000
240.000
1892
1,000
2 246 000
1907
1,000
2.19 9 .0 0 0
1893
1893
1.000
801.000
1,000 2 .4 5 0 .0 0 0
1890
1,000
838.000
1890
1,000 4 .2 7 5 .0 0 0
1890
1.10 5 .0 0 0
1,000
1900
1,000
1.920.000
1891
1,000
709 .000
1895
180.000
1.000
18H1

G ross o p e r a tin g r e v e n u e s __________________________ $ 5 3 ,6 8 7 ,4 4 4 $54 ,429 ,63 3
N e t o p e r a tin g r e v e n u e _______________________________ $ 1 8 ,812 ,78 3 $16 ,328 ,96 2
G ross c o r p o r a te In c o m e ______________________________$22 ,5 6 6 ,5 8 3 $20 ,1 6 4 ,4 7 7
R e n ta ls p a id ______________________
$23 0,89 0
$1,347,436
B o n d Interest a c c r u e d _______________________________
4 ,7 2 6 ,5 3 6
3 ,6 7 0 ,8 6 5
G u a r a n ty K o o t . R y . & N a v . d e b . s to c k I n te r e s ts .
121,723
155,862
l n t . a c c r u e d on su b scrip tio n s fo r a d d itio n a l s t o c k .
_________
2,038,427
D iv id e n d s on s t o c k , 7 V i_____________________________ 14 ,6 9 7 ,4 7 3 1 0 ,483,055
B a l., tran sf. t o fu n d fo r p e rm , lm p ts . & re n ew als $2,789,961
$2,468,832
O F F I C E R S .— C h airm an , Jam es J . H ill, S t. P a u l; P r e s ., L ou is W . H ill,
S t. P a u l; 2d V .- P ., R . I. F a rrin gton ; 3 d V .- P ., S e c. a n d A sst. T re a s ., E . T .
N ich ols, N . Y .; T rea s. an d A s s t. S e c ., E . S a w y e r, S t. P a u l; A sst. S ec. and
A s s t. T r e a s ., N . T erh u n e . N ew Y o r k o ffic e , 32 N assau S t.
D ir e c to rs — J . J. H ill, F re d e rick W e y e rh a e u se r, E . S a w y e r, R . I . F a r­
r in g t o n , H . W . C a n n on , S am uel Thorn e,| Louls W . H ill, W m . B . D e a n , E . T .
N i c h o l s — (V . 8 8 , p . 1253, 1372; V . 8 9 , p . 162, 847 , 1 03 6, 1069.)

GREEN BAY & WESTERN RR.— R o a d o w n e d fro m G reen B a y , W Is .,
t o M arsh lan d. W Is., 209 m iles; b ra n ch e s. 13 m .; tra ck a g e to W in o n a , 4 m .
H I S T O R Y .— A reorgan ization Jun e 5 1896 (per plan In V . 61, p . 471 ).
S E C U R I T I E S .— T h ere are n o fixed charges on th e p r o p e r ty o th er than
ta x e s , n or can any be p la ced th ereon , or th e p r o p e r ty be sold or leased
w ith o u t consent of 7 5 % o f s to c k . Class A deben tu res are e n title d t o 2 K %
in te re s t. If earn ed, then co m m o n s tock to 2 14 % , then the tw o share r a ta b ly ;
b u t a fte r 5 % on b o t h , class B Is en titled t o all su rplu s earn s. V . 61, p . 471.
’ 98. '9 9 . ’ 00. ’ 01. ’ 02. ’ 03. ’ 04. ’ 0 5 -’ 07. ’ 08., 1909.
D IV ID E N D S —
4
4
4
5
5
2 Vi 3
5 y ’ ly .
Class " A " d e b e n ..
zyi
4
4
4
5 y ’ ly .
5
5
2Yi 3
S to c k _____________
Class “ B ” d e b e n ..
K % ,F e b
E A R N I N G S .— 12 m o s ., (1 9 0 8 -0 9 ..............G ross, $ 5 8 1 ,617; n e t, $17 5,23 7
.July 1 t o Jun e 30.
\ 1907-08.............. G ross, 6 0 1 ,4 2 9 ; n e t, 183,643
R E P O R T fo r year en d in g D e c. 31 1908, In V . 88. p . 879.
C a l.
G ross
N et over
D iv. on
D ividend
D iv. on
Balan ce,
Y ea r.
E a rn s.
D e p .,A c . D eb. " A ” s.
on Slock.
Deb. “ B " s . Su rplus.
1908 -------$002,106 $18 2,03 7 (5 )$ 3 0 ,0 0 0 (5 )$ 1 2 5 ,0 0 0 (^ > $ 2 6 ,2 5 0
$787
190 7.......... 606,838 204 ,577 (5) 3 0 ,0 0 0 (5) 125 ,000 ( Y ) 3 5 .0 0 0
14,577
D I R E C T O R S .— S. S. P a lm er, P re s.; Charles W . C o x , S ec. an d T r e a s .,
40 W a ll S t.; C. I .c d y a rd B lair, J . A . J o rd a n , W . J .W ils o n .— (V . 88, p . 106 i .)
GREENE RR. — O w ns ro a d fro m C h enango F o rk s t o G reen e, N . Y ., 8
m iles. L eased to D elaw are L a ck . & W estern fo r te rm o f charter fo r 6 % on
s to c k . S to c k , $200,000; par, $100.
D . L . & W . o w n s $200,000 7 % b o n d s.
GREENWICH & JOHNSONVILLE RR.— S ec p a g e 171.

_%

GUAYAQUIL & QUITO RY,—See page 70.
G U L F & IN T E R -S T A T E R Y — See page 171.
G U L F L IN E R Y .— O w ns A sh b u rn , G a ., t o B rld g e b o r o , 32 m iles; tr a c k ­
a g e, A sh bu rn to W o r th , 6 m iles; leases (to A pril 1 1953, w ith o p tio n to
purch ase) the Ila w k ln sv llle & F lo rid a S o u th e rn . H aw k ln svllle to W o r th , 44
m iles; to ta l, 79 m iles.
P ro p o se d line w ill e x te n d fro m Ila w k ln sv llle to
B a ln b rld g c. G a ., abou t 130 m iles, an d ex te n sio n p r o je cte d fro m latter p o in t
t o the G u lf, a b ou t 100 m .
In co rp . In 1907 an d a cq u ire d the F lin t R ive r
& G u lf. S tock au th orize d , $ 40 0,00 0.
B o n d s a u th o r iz e d , $ 32 5,00 0 3 0 -yea r
g o ld 5s, A tla n ta (G a.) T ru st C o ., tru ste e , all In tre a su ry S ep. 1909.
For
y e a r e n d in g Ju n e 30 1909, gross, $13 6,33 6, aga in st $ 11 4 ,5 2 0 In 1907-08; n et,
$ 3 4 ,4 9 1 , again st $ 1,056. P r e s ., W . J . E d w a rd s; S e c. an d T r e a s ., C. II.
R e y n o ld s , S y lv e s te r, G a .— (V . 86, p . 420; V . 8 9 , p. 847 .)
G U L F & S H IP IS L A N D R R .— (S ee M a p . ) — O w n s fro m G u lfp o r t, on
M ississippi S o u n d , G u lf o f M e x ico , t o J a c k s o n , M iss., 160.5 m .; C olu m bia
d l v ., M axle to M en den h all, 104.75 m .
B ran ch fro m S a ra to ga to L a u rel,




300 .000
1,182,550 7 H
700 .000
2 ,9 6 5 ,5 0 0
700 .000
3 25 .000

100
200.000
100 11 . 000,000
100 15.00 0 ,0 0 0

o n basis o f $200 In b on d s fo r each $100 s t o c k . See circu la r, V . 7 2 . p. 871,
1034, 1135, and a p p lica tio n to list V . 73, p . 294, 903; V . 85. p. 600.
E a stern R ailw ay of M in n eso ta .— N orth ern D lv . m tg e . o f 1898 ( t o 'b e lim ­
ite d to $ 9 ,700,000 ) are red e e m a b le a t 105 o n 3 m o n th s ’ n o tice a fte r A p ril
1928. V . 66, p . 471; V . 8 8 , p . 1002, 1253.
T h e W illm ar & S io u x F a lls b o n d s are gu a ra n te e d . F u rth e r issues m a y
b e m a d e a t $ 17 ,500 p er m ile fo r a d d itio n a l r o a d .
V .£56, p . 247.
G E N E R A L F I N A N C E S .— T o ta l fu n d e d d e b t p e r m ile o f m ain track
(4,961 m .) In the han ds o f th e p u b llc ’Jun e 30 1909, $20 ,2 0 5 . V . 85, p . 1277,
T r a in -lo a d ,
1908-09,
502
to n s ,
against
509
In
1908-09.
In O c t . 1906 a c o n tr a c t was sign ed fo r a lease o f the ore lands to the U . S.
Steel C o r p ., to c o n tin u e until th e ore Is e x h a u s te d , unless the lease Is te rm i­
n a ted o n Jan . 1 1915 u n d er the o p tio n reserved to th e Steel C o r p ., on a r o y ­
a lty basis o f $1 65 per to n standard ore w ith 3 .4 c ts . p er to n Increase each y r .;
m in im u m ton n a ge to be m in ed , 7 50 ,000 ton s d u rin g 1907, w ith 7 50 ,000 In
crease ea ch y ea r u n til 8 ,2 5 0 ,0 0 0 Is re a ch e d . T h e Iron ore pro p e rtie s w ere
tran sferred to L ou is W . Illll, Jam es N . H ill an d W a lte r J . H ill as trustees,
the 1 ,500,000 shares o f ben eficial Interest In th e trust equ a l to th e n u m b e r o f
shares o f s to c k held bein g Issued D e c. 1906 to G reat N orth ern sto c k h o ld e r s.
T h e profits fro m the Iron p ro p e rtie s , a fte r first d e d u ctin g the 8 0 c. p er ton
p a y a b le to the G t. N orth ern R y . fo r carry in g the ore t o the d o c k s on L ake
S u p erior, w ill be d is trib u te d a lo n g w ith a n y profits fro m o th e r ore leases
at least o n c e a y ea r to th e holders o f th e trust ce rtifica te s.
See V . 83,
p. 818 , 969, 1228, 1290; V . 84, p. 635, 693, 749 , 996; V . 86, p. 855 .
First
,ii,. n„ n... r o r ts .. $1 per share, paid S e p t. 10 1907; M arch 16 190 8, $ 1 ;
S e p t: 15 1909, $ 1 . V . 87, p . 740, 936.
E A R N I N G S .— 2 m o s .,/1 9 0 9 ______ G ross, $ 1 0 ,8 7 2 ,8 5 1 ; n e t, $4,669,061
J u ly 1 t o A u g . 31.
119 08______ G ross,
8 ,9 1 0 ,9 6 5 ; n e t, 2,85 1 ,7 2 5
R E P O R T .— F o r f9 0 8 -0 9 In V . 80, p . 1066; "C h r o n ic le ” O ct. 30.
1908-09.
1907-08.
A v e ra g e m iles o p e r a t e d _____________________________
6,808
6,594
P a ssen ger ea rn in g s___________________________________ $10 ,0 7 7 ,9 4 8 $ 11 ,189 ,55 3
F r e i g h t ________________________________________________ 39,46 4 ,8 1 1 40 ,3 1 1 ,4 2 0
3 ,0 1 7 ,7 0 3
2 ,7 1 1 ,1 0 0
M ail, ex p r e s s , & c _______________________
O th er th a n tr a n s p o r ta tio n ___________________________
226,982
21 7 ,5 6 0

W hen
P a yable.

W here P a y a b le , and by
W hom .

B on d s— P r i n c i ­
pa l, W hen D u e ,
S tocks— L a st
D ivid en d .

J u ly 1909 4 %
B u ffalo N Y
$ 6 ,5 0 0 ,0 0 0 See t e x t
Q—J
F e b 1 1952
J
& J Fisk & R o b in s o n N Y
14,984,000
5 g
75 0 .0 0 0
A & O M etrop olita n T r C o N Y A p r 1910-1911
6 g
Jan 1 1957
J
& J N ew Y o r k
600 .000
4 g

1,000
1895

R ate
%

6 g
ln” 09
4
2
4H
5 g

& J C entral T r u s t C o N Y
&
J C o m p a n y 's O ffic e P h lla
do
do
J
& J
F & A 31 H a rtfo rd
do
J
&
J
A & O U n ion S B & T r C o CIn

A & O
& J
J
& J
J
A & O
& A
F
M & N
& J
4J* g J
4H g M & N
F & A
4
4
F & A 15
4
A & O
4
J
& J
4
F & A
F & A 15
4 g

6
In 1 9 (9
In 1909
4 g
4g

5
5
5
5
5
6
4
6

g
g
g
g
g
g
g
g

S*
r
>

M
J
M
M
J
A
A
M
J
J
A

See C entral o f N ew Jersey
J P M organ & C o N Y
do
do
do
do
do
do
do
do
do
do
do
do
U . S . M . & T r . C o ., N . Y .
L in c o ln T r u s t C o ., N . Y .
M e r ch .L .& T r .C o ., C h ic
F irst T r .& S. B k ., C h ic.
E m p ire T r u s t C o ., N . Y .
S ta n d a rd T ru st C o , N Y

&
O ld C o lo n y T r
&
& N 120 B r o a d w a y
&
do
& J 120 B r o a d w a y
& O
do
& O
do
& N
do
& J
do
& D
do
fic
120 B r o a d w a y

Jan 1 1916
J u ly l0 1 9 0 9 4 %
J u ly 1 1913
A u g 31 1909 1 %
J u ly 1 1923
1952
O ct 10 1909 3 %
J u ly 19 1909 2 %
J u ly 19 1909 2 %
O ct 1 1948
A u g 1 1955
M ay 1 1910
J u ly 1 1999
M a y '1 0 -M a y ’ 12
I e b 'iO -F e b '1 7
T o F e b 15 1917
T o A p ril 1 1917
Jan '1 0 -J u ly ’ 12
Feb ’ 1 0 -A u g '1 7
T o F e b 15 1918

C o B o sto n S ep t 1 1922
J u ly 1 1937
N ew Y o rk M ay 1 1 9 3 3
do
M ay 1 1933
N ew Y o rk J u ly 1 1937
do
O ct 1 1912
do
A p r 1 1921
do
M ay 1 1930
do
J u ly 1 1941
do
D e c 1 1925
N ew Y o rk Oct 1 1911

41.7 5 m iles; t o ta l, 307 m iles.
I m p o r ta n t h a r b o r Im p ro v e m e n ts h ave been
co n s tr u c te d a t G u lfp o rt, In clu din g an e x te n s iv e sy ste m o f d o c k s , piers, & c .;
also a chann el 7 m iles lo n g e x te n d in g t o d eep w a te r.
S T O C K .— C a pital s t o c k , $ 6 ,5 0 0 ,0 0 0 (p a r o f shares, $ 1 0 0 ), o u ts ta n d in g .
D I V I D E N D S .— A p ril 1903 to J u ly 1909, 4 % y r ly . ( Q . - J .) . V . 8 8 , p .1 6 2 0 ,
B O N D S .— O f th e first 5s ($ 5 ,0 0 0 ,0 0 0 a u th o r iz e d ), $ 4 ,9 8 4 ,0 0 0 are o u t ­
sta n d in g , rem ain in g $1 6 ,0 0 0 b e in g rese rv e d to retire a like a m o u n t o f o ld
b o n d s still o u ts ta n d in g . A y e a r ly sin k in g fu n d o f 1 % o f b o n d s o u ts ta n d ­
in g , w hich b e ca m e o p e r a tiv e Jan . 2 1905, m a y p u rch a se b o n d s a t n o t
e x c e e d in g 110, b u t th e la tte r c a n n o t be draw n ; b o n d s so p u rch ased t o b e
k e p t a liv e In th e sin k in g fu n d as an In v e stm e n t. O n Ju n e 30 1909 $ 2 7 0 ,0 0 0
b o n d s w ere In th e sin k in g fu n d . See V . 7 4 , p . 426 , and a p p lica tio n to list
V . 7 4 , p . 1257; V . 8 1 , p . 264. T h e m tg e . g o ld Os o f 1908 ($ 1 ,0 0 0 ,0 0 0 o r ig i­
nal Issue), o f w h ic h $250 000 m a tu re d A p ril 1 1909, Issued t o p a r tly d e fr a y
■the c o s t o f 6 0 m iles o f r o a d , m a tu re $ 25 0,00 0 1910 an d $ 50 0,00 0 in 1911,
secu red o n e n tire p r o p e r t y , s u b je c t t o first r e f. 5s. V . 8 6 , p . 547, 1100.
Car trusts Jun e 30 190 9, $ 2 5 5 ,4 2 4 .
n e t, $ 78 ,584
E A R N I N G S .— 2 m o s .,J 1 9 0 9 ___________G ross, $31 3,85 8;
J u ly 1 t o A u g . 3 1 .
11908___________ G ross, 262 ,771 ; n e t ,
3 2 ,1 7 0
R E P O R T .— R e p o r t f o r y e a r en d in g Ju n e 30 1909 w as In V . 8 9 , p . 1066Y ear—
G ross.
N et.
Other I n c .
Charges.
B a lan ce.
1908-09 _______ $ 1 ,8 7 3 ,1 9 6
$40 4,76 1
5 7 ,702
$40 7 ,8 0 5
s u r.$ 4 ,6 5 8
1907-08 _______ 2 ,0 6 6 ,3 2 8
33 6 ,6 1 9
27,064
371 ,451
d e f. 7,7 6 8
P r e s .,’ J . T . J o n e s , B u ffa lo , N . Y . — (V . 8 8 , p . 1620; V . 8 9 , p . 1066.)
GUL F T E R M I N A L CO., M O B I L E . — O w ns un ion passenger sta tion and
a p p ro a ch e s a t M ob ile. A lif., leased b y the S ou th ern R y . and M obile & Ohio
R R . , w hich ow n th e s to c k an d gu aran tee the b o n d s jo in t ly and s e v e r a lly ,
p . & L, b y e n d . F ran k lin T ru st C o ., N . Y . , Is m tg e . tru ste e . V . 8 4 , p . 50
G ULF T E X A S & W E S T E R N R Y . — V . 8 9 , p . 993.
H A R R I M A N & NORTHEASTERN R R . — H arrim an t o P e t r o s ,,T e n n ., 20
m iles.
In Jan . 1903 en tire s to c k a cq u ire d In th e Interest o f th e C in cin n ati
N ew O rleans & T e x a s P a cific R y ., b u t Is o p era ted se p a ra te ly . V . 7 6 , p .
157. In 1907 a d iv id e n d o f 4 % an d In Ju n e 1908 2 H % w a s paid fro m a c ­
cu m u la te d su rplu s. S t o c k , $60 0,00 0.
Y e a r t o Ju n e 30 1908, gross. $ 1 1 1 ,­
138; n e t, $32 ,402 ; c h g s .. $22 ,982 ; b a l., s u r ., $ 9 ,4 2 0 .— (V . 76, p . 212.)
H ART FOR D & CONNECTICUT W E S T E R N R Y — H a r tfo r d . C o n n ., to
R h ln e cllff, N . Y . , 110 m iles, and b r a n c h , 14 m iles.
L ea sed till A u g . 1940
t o Central N ew E n gla n d R y . (n ow co n tr o lle d b y N ew Y o r k N ew H aven &
H a r tfo r d R R . ) , th e rental p a y in g charges and 2 % per ann um o n the s t o c k ,
o f w h ich $1 ,6 4 0 ,0 0 0 o w n e d b y lessee.— (V . 8 3 , p . 213 , 1290.)
H A W K I N S V I L L E & FL ORI DA SOUTHERN R Y . — W o r th to H aw k ln svllle , G a .. 44 m iles.
L ea sed M ay 1 1907 t o G ulf L ine R y . until A p ril 1
1952. w ith o p tio n o f pu rch a se .
V . 84, p . 1247.
S to c k , $ 1 0 0 ,0 0 0 ,
a cq u ire d In A pril 1904 b y G eorgia S ou thern & F lo rid a , w h ich gu aran tees
b o n d s (see ta b le a b o v e ) , prin cip a l an d Interest. Y e a r e n d in g Ju n e 30 1907,
gross, $55 ,174 ; n e t. $ 8,247; total d e d u c .. $13 ,542 ; b a l., d e f., $ 5 ,2 9 5 .
P r e s ., J . B . M unson; T r e a s ., W . P . H o p p e r , M a co n , G a .— (V , 8 4 , p . 1247.

HIBERNIA MINE RR. — O w ns fro m R o c k a w a y , N . J ., to H ib ern ia
M ines, N . J ., 4 M m .

L ea sed t o C en t, o f N . J. In 1890 fo r $ 12 ,000 per a n n .

HOCKING VALLEY RY. — (See M a p .) — T h is c o m p a n y o w n s m ain lin e
R o c k w e ll to C o lu m b u s v 120 m iles; C olum bus to A th e n s , 76 m .; L o g a n to
P o m e r o y ,83 m .; to ta l m ain lin e , 279 m ile s, w ith tra ck a g e (P e n n . R R .
sy ste m ) T o le d o to W a lb r id g e , 5.5 m .; (L . S. & M . S. R y .) T o le d o t o R o c k ­
w ell, 2.5 m .; (P . C. C. &]St L . R y .) C olu m bu s, 0 .(5 m .: total m ain line a n d
tr a c k a g e , 287 .5 m iles.
B ran ch es to N ew S tra ltsv llle , N elsonvIU e, & c ., 45
m .; leases W . & J. B . R y ., D u n das to J a ck s o n , 17.5 .; to ta l, (350 m iles ;,
se co n d tr a c k , 4 8 .5 m iles.
H I S T O R Y , & c .— Successor F e b . 25 1899 per p la n V . 6 8 , p . 231 , of
C olu m bu s H o ck in g V a lle y & T o le d o R y ., fo re c lo s e d . T h e coal lan ds, fro m
w hich the bulk o f the business Is d e riv e d , a ggrega te a b o u t 2 0 ,975 a cres,
an d are co v e re d b y th e c o n s o lid a te d m o rtg a g e .
In A p ril 1909 th e O h io L o w e r S ta te C o u rt h eld Illegal th e co n tr o l o f th e
K a n . & M ic h ., T o le d o & O h io C entral (V . 69. p . 134 5), Z a n e sv ille & W e s t ­
ern an d th e allie d co a l p r o p e r t ie s , d e la y l g th e co n s o lid a tio n . T h e T o le d o
& O hio C entral has b e e .i o p e r a te d In d e p e n d e n tly sin ce J u ly 1909. V . 8 8 ,
p. 1127, 1253; V . 8 9 . » . 4 1 , 286.
T h e plan f o r co n s o lid a tio n w ith th e K a n a w h a & M ich igan R y . In V . 8 3 ,
p. 2 7 1 ,3 2 3 , c o n te m p la te d th e re tirem en t o f th e p r e f. s to c k a n d the c r e a tio n
o f a gen . lie n 4'% m tge . f o r $ 3 0 ,0 0 0 ,0 0 0 , Im m e d ia te Issue to b e $1 7 ,0 0 0 ,0 0 0 .*
P R E F . S T O C K .— H as preferen ce as t o assets an d d iv id e n d s an d w ill
share eq u a lly w ith c o m . In a n y d lv . a b o v e 4 % In a n y y e a r. V . 80, p . n i l .
S A L E O F S T O C K , & c .— In Jun e 1903 $6 ,9 2 4 ,2 0 0 o f th e o u ts ta n d in g
$ 1 1 ,000 ,00 0 c o m m o n s to c k w as so ld to five railroad co m p a n ie s, v iz .: T h e
P ittsbu rgh C incinnati C h icago & St. Louis (tw 'o-slxths Interest) and B a lti­
m ore & O h io. C h esapeake & O h io . L a k e Shore & M ichigan S ou thern a n d
E rie (each o n e -s ix t h ).
V . 83, p. 37; V . 77, p . 3 6 . 1225.
D I V I D E N D S .— O n preferred, 1900, 3 ^ % ; 1901 t o J u ly 1909 ln c l., 4 %
per an n u m . O n c o m m o n , J u ly 1901 t o Jan. 1907 ln c l., 3 % per an n u m J u ly 1907. 2 % ; 1908. J a n ., 2 % ; J u ly , 2 % ; 1909, 4 % (J . & J . ) .
B O N D S .— T h e con sols ($20 ,0 0 0 ,0 0 0 a u th orized ) besides a lien on the
entire p r o p e r ty , s u b je c t o n ly to $ 5 ,4 2 6 ,0 0 0 p rior b o n d s , h a v e a first Hen on
all the coal lands: $5 ,4 2 6 ,0uo co n so ls are reserved to retire the e x isting b o n d s
to
th e existin
tanas: 5a.4zo.u 0 0 consois
(th e la tte r t r a y b e — *— < e d M — a t u r it y ). — . -7 2 . p . 338: —. 7 4 , p.
—
m—
e x te n d
at m
V
V
1038; V . 86, p . 229 . S u b sta n tia lly all o f th e b o n d s and s to c k o f th e
16,
_________________________ R y .. 18 m iles, are
O h io L a n d & R y . C o . a n d th e W e lls to n & J a ck s o n B elt ______________ ______
.
d e p o s ite d under said m tg e . V . 68. p . 823 . G uarantees K a n a w h a & H o ck in g
C oal & C ok e C o . b o n d s. V . 7 4 , p. 271; V . 77, p . 2393; V . 81, p . 507 , 781;
also C on tin en tal C oal C o . b o n d s . V . 75, p . 497 , 987; V . 8 8 , p . 1127. I n j u n
1908 co n tr o l o f S u n d a y Creek C o ., w h ic h o p e ra te s said p ro p e rtie s an d th e co a l p roperties (see “ In d u stria ls” ) .w a s s o l d .t o be held In trust and r e -c o n ­
v e y e d to co m p a n y If a u th o r ita tiv e ly d e cid e d th a t H o ck in g V a lle y c o m p a n y
has n o right to h old s t o c k .
In M ay 1909 the c o m m o d ity clause o f H e p b u r n
A c t w as held t o b e C o n stitu tio n a l, b u t con stru ed fa v o r a b ly t o railroads
V 8 7 . p . 755; V . 8 8 , p . 1196.




Oct., 1909.]

RAILWAY STOCKS AND BONDS




R A IL R O A D S
F o r explan ation o f colum n headings, efee., see notes
on first page o f tables

Of
R oad

Hudson & ManhalHuntingdon & Broad T o p — C om m on S tock P referred s to c k 7 % n o n -c u m u la tlv e _____

70
70
70
70
70

T h ir d M con sol e x te n d e d In g o ld In 1 8 9 5 .
Idaho & Wash Nor— First M g red t e x t ____ __________
Idaho Southern— 1st lien n otes part d u e y r ly red 102 )4
Illinois Central— S tock {1 2 3 ,5 5 2 ,0 0 0 ____________
F irst m tg e o f) S terlin g b o n d s o ld 6s e x te n d In 18951

___
103
___
___
___
I
706 [
I

T r u s t b on d s s terlin g (sec b y Ch S t L A N O cons) . L
F irst M Sp D lv ref M ( V 66, p 1237) g ____ Us.xc*«S
R a n k & S W 1st M O tto to N orm an Ju n e A b r ____

j

ill
131

1 239
do
$ 5 ,0 0 0 ,0 0 0 (S ee V 6 5 , p 1173) g _ U s .x c * A r J
U n d e r ly in g St L) B ellevue & C a ro n d e le t 1st M _ _ c*
17
D lv & T e r m ln -) B ellevue & E l D o ra d o 1st M __c*
51
al M ortg a ge . . |S t L ou is Sou th ern 1st M g - .M e .c *
30
JCarb & Shaw 1st M g o l d . . . c*
17
P u rch a sed lines 1st M $ 2 0 ,000 ,00 0 g o l d ___U s .c * A r
734
R e fu n d in g m o rtg a g e g old red ( t e x t ) ...........G x c * A r *
2,015
C ollateral trust b on d s g o ld $ _____________ U s .c * A r
857
C oll trust $2 5 ,0 0 0 ,0 0 0 g o ld on L N O A T . . U s . c * A r
798
W es tern lines first m o rtg a g e g o ld ___________ U s .c * A r
218
Ch St L & N O cons M ($ 1 8 ,0 0 0 ,0 0 0 ) g Int g u - . c * A r
567
do
gu aran teed prin cipa l a n d I n te r e s t-............. 567
M em phis D lv 1st M g o ld gu ar p & 1 ( e n d ) - . U s . c *
100
a In a d d itio n $ 5 ,2 6 6 ,0 0 0 co n so l 5s are p le d g e d t o se cu re I

D a te
of
B onds

S ite , o r
Par
A m ount
V a lu e O utstanding

1908-09.
$ 5 ,878,414
1 ,716,592
9 81 ,495

1907-08.
$ 5,841,763
1,533,887
980 ,395

I D ec .( (— ).
!lc- ~/o)or
+ $36,651
+ 182,705

G ross c o r p o r a t e In c o m e ______________$2,6 9 8 ,0 8 7
F ix e d ch a rges, A c ______________________$ 1 ,1 8 2 ,0 9 7
D iv id e n d s o n p r e fe rr e d , 4 % ___________
600,000
D iv id e n d s on c o m m o n , 4 % ___________
440 ,000
I m p r o v e m e n t s _________________________
79,655

$2,514,282
$1,1 4 9 ,6 0 0
600,000
440 ,0 0 0
101,754

+ $183,805
+ $32 ,497

+ 1,000

-2 2 ,0 9 9

B a la n ce , s u rp lu s ............... ....................... $396,334
$22 2,92 8
+ $ 1 7 3 ,4 0 6
O F F I C E R S .— P r e s ., N . M on sarrat, C olu m bu s: See. and T r e a s ., W . N .
C o tt, C olu m b u s; A s s t. S e c. a n d T r e a s ., A . H . G llla rd , N ew Y o r k .
D I R E C T O R S .— C harles I). A le x a n d e r , R . M . G a lla w a y , A . H . G llla rd ,
D . M llb a n k an d F . D . U n d e r w o o d , N ew York-; R a lp h IV . H ic k o x and
Jam es H . H o y t , C levela n d : P . W . H u n tin g to n , N . M o n sa rra t, S. P . B u sh,
I t. S. W a r n e r an d F . B . S h e ld o n , C o lu m b u s, O .; D e ca tu r A x te ll, R ic h ­
m o n d , V a .— (V . 8 9 , p , 725.)

HOOSAC TUNNEL & WILMINGTON RR. — See page 171 .
HOUSTON BELT LINE & TERMINAL RY.—To build a terminal line

In a n d arou n d H o u s to n , L ex., 20 m iles, w ith large freigh t an d passenger term ln a ls. C on trolled b y fo u r p r o p r ie ta ry ro a d s , v iz ., C ol. S o u th e rn , N ew O r­
leans A P a cific (S t. L ou is A San F r a n .) , T r in ity & B razos V a lle y (C ol. S o u th ­
e r n ), S t. L ou is B row n sv ille A M e x ico and G u lf C o lo ra d o A San ta Fe (A tc h i­
s o n s y s t e m ), w h ich each ow n s o n e -fo u rth o f th e s to c k and under a 99-year
lease fro m J u ly 1 1907 agree to p a y u n d e r a p ro rata w h ce la g c basis o p e r a t­
ing e x p en ses. Interest o n b o n d s an d ann ual sin k in g fu n d o f 1 % o f b o n d s
Issued. V . 8 6 , p . 285 .
In c o r p o r a te d A u g. 31 1905 w ith $ 2 5 ,0 0 0 (n om in a l
s t o c k ) . T h e 5s o f 1907 ($ 5 ,0 0 0 ,0 0 0 a u th . Issue) a rc s u b je c t to call at 105 a fter
J u ly 1 1917. In M arch 1909 the T e x a s R R . C o m m ission au th orized the Issue
o f $ 2 ,2 4 6 ,0 0 0 b o n d s . V . 88, p . 883 , 1253, 131 3.— (V . 8 8 , p . 1313.)
HOUSTON & BRAZOS VALLEY RR.— See page 171.
HOUSTON EAST & WESI TEXAS RY. — (S ee M a p o f Southern P a cific .
O w ns fro m H o u s to n , T e x a s , to S abine R iv e r at I.o g a n s n o rt. 191 m les
S to c k $ 1 ,9 2 0 ,0 0 0 , o f w h ich $ 1 ,9 1 8 ,2 0 0 ow n ed b y S o. P a c ! C o w h ich has
g u a r a n te e d $ 2 ,1 0 9 ,0 0 0 o f the b o n d s, p rln . and In t., b y en d orsem en t re ­
s e r v in g th e rig h t to redeem th em a t 105 and Int. on six m o u th s ’ n o tice .
Dlv
1 6 % paid In 1902-03 and 3 0 % In 1907-08 o u t o f accu m u la te d
su rplu s. G u a ra n ty , V . 70, p. 841; V . 71, p . 236.
Y e a r 1907-08, gross, $1 ,1 7 8 ,2 4 9 ; n e t, ln cl. o th e r I n c ., $35 6 ,5 2 2 : charges
$ 27 5,12 2; b a l., s u r ., $ 8 1 ,4 0 0 .— (V . 7 8 , p . 238 4.)
B
HOUSTON & TEXAS CENTRAL RAILROAD. — (See M a p o f S outhern

34 m .; t o t a l, 789 m . S u ccesso r 1893 to railw ay fo re clo s e d . V . 45, p .7 9 2 , 820
B O N D S .— T h e b on d s are bein g g ra d u a lly r e d u ce d w ith p ro ce e d s o f land
sales. T h e first m ortgage w as fo r $ 8 ,6 3 4 ,0 0 0 .
T h e first m tge. b o n d s an d
th e consolidated mtge. b on d s m a y be called fo r r e d e m p tio n a t 110 w ith p r o ­
ceed s o f land sales. See full abstracts o f all th e m o rtg a g e s In V . 52 n 242
O f the $ 5 ,0 6 8 ,0 0 0 c o n s o lid a te d 6s au th o riz e d $ 1 ,1 4 9 ,0 0 0 (n o t Ine’lu d e d lii
th e a m o u n t o u ts ta n d in g a b o v e ) are held as p a r t s e cu rity fo r the general 4s
T h ere w ere also Jun e 30 1908 $45 0,00 0 L a m p asas e x te n sio n Interim 5s
o w n e d b y S ou th ern P a cific C o. o r sin k in g fu n d s o f p ro p r ie ta ry co m p a n ie s .
S T O C K .— S to c k , $ 1 0 ,0 0 0 ,0 0 0 , o f w hich the S ou th ern P a cific C o. ow n ed
$ 9 ,9 9 8 ,3 0 0 , par $100.
V . 76, p. 1084, 1192, 1407.
In 1902-03 a d iv id e n d
o f 6 % w as p a id o u t o f a c c u m u la te d su rplu s.
V . 76, p . 1407.
L A N D S .— T h e lands Ju n e 30 1908 held fo r c a n ce lla tio n o f b o n d s con sisted
o f 3 3 3 ,7 0 9 acres: lan d c o n tra cts $ 2 ,0 8 8 ,2 3 2 .
V . 65, p. 869.
Y ea r 190 7-0 8, gross, $5,7 6 1 ,0 8 1 ; n e t, $ 1 ,3 6 6 ,0 6 9 ; o th e r In com e, $ 4 4 ,239ch arges, $ 1 ,0 6 2 ,4 0 8 ; b a l., su r., $ 3 4 7 ,9 0 0 .— ( V . 89, p . 224 , 7,'8 .)

HUDSON COMPANIES. — I n c o r p o r a te d J a n . 9 1905 u n d er law s o f N ew
Y o r k S ta te .
O rga n ized to bu ild H u d so n A M a n h a ttan R R . (w h ich see b e ­
lo w ) , w h ic h It c o n tr o ls . In M arch 1909 a rran ged to erect b u ild in g at 33d S t.
a n d B r o a d w a y . N . Y . , a n d lease it t o G im b el B ros. V . 8 8 , p . 748, 1127.
O w n ersh ip o f eq u ities In N . Y . C ity p r o p e r t y Is sta te d t o b e $ 4 ,5 0 0 ,0 0 0 .
C A P I T A L S T O C K .— A u th . an d o u ts ta n d in g , $ 1 6 ,0 0 0 ,0 0 0 pref. and
$ 5 ,0 0 0 ,0 0 0 c o m m o n .
P r e f. s to c k t o re ce iv e 7 % cu m u la tiv e d iv id e n d s , and
also en titled to o n e -fo u rth o f a n y o th e r d iv id e n d s .
Gold N otes
J u ly 1909
(C o m p a re plan V . 87, p . 101 0).
D a te—
In terest. Outstanding,
M a tu r ity .
P r ic e at W hich Callable
F e b . 1908 6 F -A $2,6 2 2 ,0 0 0
A u g . 1 1910 P r c m . 1 % y r ly . to m a tu rity
O ct. 1908
6 A -O 10,000,000
O ct. 15 1911 P a r an d interest
V aTr u s ------- V a r.
rio
1,569,000
--------------T o M c h .1 9 1 0 N o t stated
H old ers o f the n otes o f the $10 ,0 0 0 ,0 0 0 Issue o n ly h ave th e op tio n o f tak in g
p a y m e n t a t m a tu r ity , or w hen c a lle d . In first m o rtg a g e b o n d s o f H u d son A
M a n h a tta n R R . C o ., at price o f 85 and Interest.
All the n otes are secured
b y p le d g e o f H . & M. R R . C o. first m tge. \ )4 % b o n d s, due 1957, the tw o
Issues first nam ed a t rate o f $1,500 o f b o n d s fo r each $1,0 0 0 n o te o u ts ta n d ­
in g . V . 86, p . 285 , 547- V . 87, p . 37, 1196.
D I R E C T O R S .— W . G . O ak m an , P lin y F isk , G rant B . S c h le y , W illia m
C.
L a n e, J oh n W . . S im p so n , W m . M . B a rn u m , A lb e rt A . T iln e y . I tcn v o n
B . C on ger. W m . H e n r y B a rn u m . D u m o n t C larke. Charles F . A d a m s 2d .
O F F I C E R S .— W . G . O a k m a n , P res,: W m . H e n ry B a rn um V -P a
t-rea s
F . W . W a lz , V . - P . ; W illia m E v e r.’ ell J r ., S e c .; Charles M. J a c o b s ,




W hen
P a y a b le

W here P a ya b le, and by
W hom

B on ds— P r i n c i ­
pal, W hen D u e
S tock s— Last
D ivid en d

1907 $, £ or fr. $51 ,5 0 0 ,0 0 0
4 K g F & A S tan d ard T ru s t C o , N Y F e b 1 1957
1902
1.000
5 ,0 0 0 ,0 0 0
F
& A G u a ra n ty T ru s t C o , N Y F eb 1 1932
5 g
1909
1,000
8 7 4 ,0 0 0
5
M & ,S
M ch ’ l 0-M ch ’ 19
____
50
1,3 7 1 ,7 5 0 See te x t ,T &
J Ph lla oir. N o A m er B ld g
____
50
2 ,0 0 0 ,0 0 0 See te x t J
A
J
1854
500
416 ,000
A A o
4 g
do
do
1857
500
F & A
3 67 ,500
4 g
do
do
1 1925
1865
1,000
1 ,497,000
A & O
do
do
5 g
Mch 31 1925
1 99
1,000
4
8 9 ,000
J
& 1) P en n C o fo r Ins A c ,P h lla
1907
1,000
4 01 ,000
& O Ph lla T r S D A Ins C o
4H g A
1907
1,000
3 ,0 9 0 .0 0 0
\1 A N 1 T r A S a v B k . C h icago M ay 1 1932
5 g
11
1909
1,000
500 ,000
6
M A N C o m m o n w ’ h T r C o, P itts
’ 12-’ 14
—
100 1 0 9 ,296 ,00 0 7 In 1909 M A
S 115 B ’w a y , N Y , A L o n d _____ 1909 2 )4
____
100 1 0 ,000,000
4
J
A
.1
do
do
July 1909 2 %
1875
£200
2 ,5 0 0 ,0 0 0
A A o L o n d o n , E -g la n d
4 g
1875
£200
1,0 0 0 ,0 0 0
A D
3 « g J
do
'
do
1886
1,000
1,5 0 0 ,0 0 0
J
A
4 g
J 115 B r o a d w a y , N ew Y o r k
1 1951
1886
1,000
2 ,4 9 9 ,0 0 0
J
&
J
do
do
1 1951
1895
£200
£500,000
M <
& S London
3 g
1 1951
1903 1,000 A c
3 ,0 0 0 ,0 0 0
3 !4 g A A O N ew Y o r k a n d L o n d o n
1886
£200
5,2 6 6 ,0 0 0
J B aring B ro th e rs, L o n d o n .
3 1 I g .1 A
1897
1,000
2 ,0 0 0 ,0 0 0
A
J 115 B r o a d w a y ,N e w Y o r k .
3 )4 e J
1 1951
1881
1,000
968 ,0 0 0
5
F A A
1 1921
1892
1,000
3 .0 0 0 .0 0 0
J
A D
4 g
J 1897
500 A c
8 ,3 7 7 ,0 0 0
J
3 )4 g J A
1 1897
1.000
4 .9 9 8 ,2 7 5
J
A
J
3 g
1883
1,000
470 .000
A D
6 g
J
1880
1,000
71,000
7
J
A
J
do
do
.
1886
S
1,000
538 ,000
M A
4 g
do
do
1887
1,000
211 ,0 0 0
M A
S
4 g
do
do
1904
1,000 14,662,000
A
J
do
do
.)
3 )4 g J
1908 1,000 A c 2 0 ,0 0 0 ,0 0 0
4 g
M A N
do
do
1888
500 & c 1 5,000,000
A A ()
do
do
4 g
1 1952
1892
500 A c 2 5 ,0 0 0 ,0 0 0
M A N
do
do
f
4 g
1894
1,000
5 ,4 2 5 .0 0 0
F A A
do
do
I
4 g
1881
1,000 a l l , 3 6 9 ,0 0 0
J & D 15
do
do
J
5 g
1897
1,000
1 .419,000
3 <4 g J & D 15
do
do
J
1889
1.000
3 ,5 0 0 ,0 0 0
A D
4 g
J
do
do
Ilnols Central c ollateral tru at b o n d s o f 1886.

L A T E S T E A R N I N G S .— F o r 2 m o n th s e n d in g A u g . 31:
2 M on th s—
Gross.
N et.
Other In c . Charges.
B alance.
1909...
....... ............$ 1 ,1 7 5 ,4 4 7 $466,831
$85,653 $230,239
$322,245
1908
1 ,1 4 5 ,8 3 5
4 5 4 ,2 9 7 88.018
237,181
305,134
A N N U A L R E P O R T .— T r a ffic Is m o s tly fre ig h t, an d o v e r 6 6 % o f tills Is
b itu m in o u s c o a l. A v e ra g e tra in -lo a d is large— In 1909 588 tons
R e p o r t fo r y e a r en d in g Ju n e 30 1909 In V . 89, p . 716 , 725.
Y ea r ending J u n e 30—
O p e ra tin g r e v e n u e ................
N e t (a fte r t a x e s ----------------------O t h c r l n c o m e -------------------------------

I N T E R E S T OR D I V I D E N D S
R ate
%

C hief E n gin eer: J o h n V a n V Ic c k , M echanical E n gin eer.
S t .. N ew Y o rk C it y .— (V . 8 8 , p . 748, 944 , 1127, 1169.)

O ffic e . 62 C ed ar

HUD SO N & M A N H A T T A N RR . — (S ee M a p .) — O w ns an d o p e r a te s
d o u b le -tu b e tunnel fro m 6th A v e . and 23rd S t .. N . Y . C ity , u n d e r the
H u d so n R iv e r to the D elaw are L a ck . A W est. R R . sta tio n . H o b o k e n . N . J . ,
a dista n ce o f a b o u t 3 m iles. T h e first trains w ere o p e ra te d F e b . 20 1 9 0 8 .
T h e line u nd er 6th A v e . Is be in g e x te n d e d to 33d S t. and In A pril 1909 p er­
m ission w as gra n ted for fu rth er exte n sio n to 42d S t. and G rand C entral
S ta tio n .
A branch w ill also be b u ilt fro m 6th A v e. u nd er 9th S t. t o a c o n ­
n e ction w ith th e S u b w a y a t 4th A v e .
A d o u b le -tu b e tunnel fro m H o b o k e n
s o u th w a rd ly th ro u gh the Erie an d P e n n sy lv a n ia R R . s ta tio n s In J ersey
C ity and th en ce u nd er th e H u d so n R iv e r to the H u d so n T erm in al B u ildin gs
on C hurch S t. (on e b lo c k w est o f B ro a d w a y ) e x te n d in g fro m C o rtla n d t to
F u lto n S t ., w a s o p e n e d o n A u g . 2 1909, m ak in g to ta l length o f d o u b le ­
track tunnel In o p e ra tio n 5 H m iles. T h is Is the m ain line.
V. 87, p. 37
614, 1011; V . 88. p. 295 , 451 , 686, 944, 1 197, 1437, 1620; V . 89, p . 224.
A n e x te n sio n will also b e b u ilt fro m the P e n n s y lv a n ia R R . sta tion In
Jersey C ity to a c o n n e c tio n w ith the p re se n t m ain line o f the P e n n sy lv a n ia
R R . a n d . u p o n Its c o m p le tio n In 1910, a th ro u gh train s ervice w ill b e
e stablish ed be tw e e n the s ta tio n In the b a se m e n t o f th e H u d son T erm in al
B u ildings, In N ew Y o r k , and N ew ark , N . J ., u n d er a tra ffic a gre e m en t.
T h e P en n sylva n ia R R . ha
tick e t o ffic e s In the H u d so n T erm in al
B uildings and b agg age Is ch e c k e d th en co o v e r the en tire P e n n sy lv a n ia
sy s te m . A tra ffic ag re e m e n t has also been en tered Into w ith the Erie R R .
C o. T h e H u d so n T erm in al B u ild in gs, th e largest o ffic e buildin gs In th e
w o rld , w ere o p e n e d M ay 1 1908. T rain s, e le ctr ic an d all steel.
S T O C K .— C o m m o n , $ 4 0 ,0 0 0 ,0 0 0 , all o u t; 5 % n o n -c u m . p r e f., w ith p refer­
en ce also as t o assets, a n d co n v e r tib le a fte r J u ly 1 1911 Into c o m m o n s to c k
a t 110, au th o riz e d Issue $ 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g $ 5 ,2 5 0 ,0 0 0 .
Par $10 0.
B O N D S .— O f the 1st 4 M s , $ 5 7 ,0 0 0 ,0 0 0 , In c o n n e c tio n w ith $ 4 0 ,0 0 0 ,0 0 0
c o m m o n an d $ 5 ,2 5 0 ,0 0 0 p re f. s to c k will be Issued o n a c c o u n t o f th e p r o ­
p o se d tunnels, s ta tio n s, pow-er h ou se, e r e c tio n o f b u ild in g s at the H u d son
term inals In .New Y o r k , and retirem en t o f $ 5 ,0 0 0 ,0 0 0 N . Y . & J e r s e y
b o n d s redeem able a t 110. T h e rem ain in g $ 4 3 ,0 0 0 ,0 0 0 b o n d s a n d $ 4 ,7 5 0 ,­
000 p re f. s to c k are reserved fo r fu tu re pu rp oses.
O f the 4 VSs issued as a b o v e s ta te d , p a r t are d e p o s ite d as co lla tera l
fo r H u dson C om pa n ies n o te s (sec th a t c o m p a n y a b o v e ).
T h e b o n d s w ill be co n v e r tib le on a n y Interest d a y a fte r F e b . 1 1912 at
par Into c o m m o n s to c k at $110 per sh are, w ith p ro v isio n s to p r o t e c t the
b o n d h o ld e rs w hen c o m m o n s t o c k , In a d d itio n t o .the $ 4 0 ,0 0 0 ,0 0 0 a t p re sen t
au th o riz e d an d the fu rth er a m o u n t n ecessary to c o n v e r t the. b o n d s. Is Issued
In F e b . 1909 $ 9 2 0,00 0 5 % car trusts w ere so ld .
V . 8 8 , p. 505, 624.
O F F I C E R S .— P r e s ., W . G . M c A d o o ; V .- P ., W ilb u r C. F isk; A sst. T r e a s ..
F . VV. W alz; S e c ., C. W . K in g; A sst. S e c .. W m . J . M artin an d W m . E v erdell Jr. O ffic e , 30 C hurch S t ., N . Y .— (V . 89, p . 224, 3 4 8 , 52 8 .)
H UN TIN GDO N &
H u n tin g d o n , P a ., t o
D I V I D ’S .—
’ 97.
On c o m m o n ____ 1
O n p r e f e r r e d ___ 6

BRO AD TOP MT. RR. & COA L CO.— O w ns fro m
M ou n t D allas, P a ., 45 m iles; bra n ch e s, A c ., 25 m iles.
’ 98 ’ 99. •oo. ’ 01. ’ 02. ’ 03. ’ 04. '0 5 . ’ 06. '07 -os . ’ 09.
0
0
0
0
5
1
0
0
0
0
0
5 5 )4
7
5
6
7
6 5 IS 7 M
7
3H 0

0

A N N U A L R E P O R T .— R e p o r t fo r 1908 w as In V . 8 8 , p . 1058.
G ross.
N et.
Interest.
D ivid en d s.
B a la n ce.
$148,522
$ 1 0 6,19 0
$ 7 0 ,0 0 0 d e f.$ 2 7 ,6 6 8
1908 ............... $632,933
1907 ------------- 884 ,686
318 ,0 6 0
106,190
140 ,000
7 1 .8 7 0
— (V . 86, p . 420; V . 87, p . 166, 2 2 1 : V . 8 8 , p . 451 , 564, 1058.)
IBERIA & VE R MI LI ON RR — Salt M ine Ju n e, to A b b e v ille , L a ., 10
m iles. S to c k , $ 3 0 0 ,0 0 0 , o f w h ich $29 9,50 0 ow n e d b y M o rg a n ’s L o u isia n a
A T e x a s R R . & SS. C o. (S o . P a c .) .
B o n d s, $32 2 ,0 0 0 first m tge. 5s, d u e
A u g. 1943.
Y ea r 1907-08, gross, $71 ,6 2 0 ; n e t, $15 472; o th e r I n c o m e .
$ 8 ,073; charges, $20 ,256 ; b a la n ce , su rplu s, $ 3 ,289.
ID A H O S O U T H E R N R R .— S e c page 172.
I DAH O & W A S H I N G T O N NORTHERN R R. — O w ns M c G u ir e ’s S ta tion ,
I d a ., n o rth e rly to C e m e n t, 103 m iles; tra ck a g e S p o k a n e to G rand J u n ctio n ,
13 m iles; C lagston e b ra n ch , 6 m iles. C on trols P en d d ’ O reille R iv e r N av
C o.
S t o c k a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 : o u ts ta n d in g , $ 1 ,0 7 8 ,8 0 0 ; par, SIOO.’
B o n d s a re s u b je c t to ca ll, a n y o r all, at 107 'A, fro m N o v . 1 1912 to M ay 1
1917, a n d th e r e a fte r at 105; in A u g . 1909 $ 3 ,0 9 0 ,0 0 0 b o n d s w ere o ffe r e d ,
se cu re d o n 103 m iles.
$ 1 ,6 4 3 ,0 0 0 a d d itio n a l b o n d s a rc Issuable at $30 ,000
p e r m ile o f a d d itio n a l ro a d .
V .8 9 ,p .4 U .
F o r y e a r e n d in g Ju n e 30 1909
gross, $ 29 4,01 8; n e t, $ 88 ,205 ; Interest on b o n d s , $ 76 ,500 ; b a la n ce , s u r p lu s ’
$ 1 1 ,7 0 5 .
P res, 'a n d T r e a s ., F . A . B la ck w e ll.
O ffic e , C oeu r d ’A le n e ’
I d a h o .— (V . 8 7 , p. 1160; V . 89, p . 411.)
ILLINOIS CE N TR AL R R . — (S ee M a p . ) — R O A D .— O perates fro m C h i­
c a g o , 111., s o u th e rly to N ew O rleans, L a ., 912 m iles, an d w e sterly to S io u x
C ity , l a ., 509 m iles, w ith n u m erou s bran ch es, v iz . (* w h lch s e c ):
Road owned in fe e —
M ile s .
” '
L eased -— on trol ow ned—
C
M ile s .
C h icago t o C a iro, 111___ l
M em ., T c n n ., to G ren ad a, M is s . 100
C en tralla, 111., to E a st)M a ln
706 Y a z o o & M ississippi V a l. R R . ,
D u b u q u e , l a ________ js t e in .
M em phis to N . O . an d b r s ___ 1,3 7 0
D u b u q u e & S io u x C it y * ________
760 St. L ou is A lto n & T e rre H a u t e . 239
S pringfield t o E ast S t. L ou is,
E n tire stock ow ned—
111. (V . 71, p . 5 4 7 )....................
08 B ra n ch e s, A -'____________________ 1,075
P e o ria , 111., t o E v a n sv ille , I n d .,
T rackage A c ________________
'71
w ith 6-m lle b r a n c h ___________ 234
L eased— C ontrol ow ned—
T o ta l system Jun e 30 1909 — 5 ,9 3 7
C h ica g o S t. L . A N . O . R R .,
O f w hich earns, kept separate—
C a iro. 111., t o N ew O rle a u s___ 547 Y a z o o & M iss. V a l. R R --------------1,3 7 0
L in e to L o u isv ille , A c ________
637
R e m a in d e r In clu ded In earn in gs J u ly 1 1 90 0_________________________ 4 ,5 6 7
H I S T O R Y , L E A S E S , A c . — C hartered In D ec. 1850. T h e c o m p a n y p a y s
t o the S ta te o f Illinois 7 % (In 1907 $ 1.222,472) o f gross o f the 706 m . o w n e d
In fe e ye a rly In lieu o f taxes.
T h e C h ica g o S t. L . & N . O . Is leased fo r 400
years fro m J u ly 1 1882 a t 4 % per an n u m on Its $ 1 0 ,0 0 0 ,0 0 0 s to c k d e p o s ite d
t o secu re the leased line stock. T a x su it, V . 84, p . 931 .







RAILWAY STOCKS AND BONDS.
O ot., 1009.]



R A IL R O A D S

For

IN T E R E S T

e x p la n a t io n o f c o lu m n h e a d in g s .
o n f i r s t p a g e o f t a b le s

A c .,

M ile s
of
Road

see n o tes

D a te
of
Bonds

11Cent (Con)— Loulsv D A T
1

M $25,000, OOOg U s. xc*A r
640 1897
Omaha Dlv IstM gd $ 5 ,0 0 0 ,0 0 0 _______________U sc*Ar
130 1900
Lltch D lv 1st M g $4,000,000 ______________ . .F .c *
98 1900
Iowa Falls A Sioux City— See statement of Dubuuu e A SI oux Cl
Illinois Southern— 1st M gold $5,000,000
________ c*
132 1903
Illinois Terminal— 1st M $500,000 gold red par____ IC Text
1905
Illinois Tunnel Co— See Chicago Subway Co.
Indiana Decatur & Western— See Cln Ind A Western
Indiana Harbor Belt— G enM $25,0 0 0 ,OOOg.-G x c*A r*
. . . 1907
do
do
do
1907
Chic Ham A W first mortgage gold a ssu m e d ._c*A r 27.48 1897
Indiana Illinois & Iowa— See Chicago Ind A South.
Indianapolis & Louisville— See Chicago Indianapolis A Lou isvllle
93 1886
Indianapolis Un— 1st M gold s f not callable____ FP .c*
Gold notes part due yearly guaranteed te x t.
.
. . . 1904
Interborough-Met Co— Com stock $100 ,00 0,00 0 au th .
Pref stk 5 % cum (also pref as to assets) $55,000 ,000
1906
Coll trust bonds gold sec by Int R T stock____ c*A r
Coll trust notes $15,000 ,000 gold call 102.......... Me.c
1907
-1907
Text
Interborough Rapid Transit— Stock $ 3 5 ,0 0 0 ,0 0 0 . —
Gold M bonds $55,000,000 red 105 (text) _M o.xc*r*
1907
Notes $25,000,000 sec by bds conv (tex t)-M o .x c*r*
. . . 1908
1908
First mortgage g o l d _________________________________
1,109 1879
1,109 1881
Second mortgage gold. _________________________ F.c*
3d M ($3,000,000) formerly Inc, lncl scrip g .-M e .c * 1,109 1892
Colorado Bridge bonds sinking fund____________ _F
1880
Interoceanic Ry of Mex— 1st pref sh, 5 o n o n -cu m ..
... —
4 % debenture stock subj to call at par £1,150,000
Debenture stock 7 % “ B ” subj to call 120 non-cum
Second debenture stock red at 105 after 1911 (text)
M ex E deb stock £450,000 guar red at 105 beg 1914
Iowa Central— 1st M $7,050,000 g (V 49, p 582) .M c .c *
Refunding M $25,000,000 gold (see text) .M o .c * A r
Car trusts, ser A , due $32,000 yearly_______PcP.c*
Jacksonville Term — 1st M gold guar $500 ,00 0.M p.c*
Jam est’n Franklin & Cl— 1st M $25,000 ,000 _G .xc* Ar*

503
541
23

...

1888
1901
1909
1894
1909

S iz e , o r
P a r
V a lu e

A
A

D New York
Deo 1 1953
J Illinois Tr A Sav B k. Ch Jan 2 1925

1 ,0 0 0 ,A c

2 -4 g J
J
4 g
J
6 g

A
A
A

J New York
July 1 1957
J New York City
July 1 1957
J Central Trust Co, N Y Jan 1 1927

500 Ac

$ 5 7 ,9 9 6 ,7 2 7
$ 1 7 ,8 6 5 ,3 0 6
2 ,3 5 8 ,5 2 5

— $ 8 5 1 ,2 1 5
-— $ 1 ,4 1 2 ,4 0 1
+ 1 ,5 1 6 ,1 8 3

Total net Income_________________ . $ 2 0 , 3 2 7 , 6 1 3
Hire of equipment, A c ___________ . .
3 ,2 7 0 ,6 4 2
Interest on b o n d s . . ___ _______ _ .
5 ,7 0 3 ,1 9 3
R ent of subsidiary r o a d s._______
.
3 ,4 5 1 ,9 0 8
Dividends on stock ( 7 % ) . ________ .
7 ,6 5 0 ,7 2 0

$ 2 0 ,2 2 3 ,8 3 1
5 ,5 4 3 ,1 4 7
4 ,5 6 9 ,8 6 0
3 ,2 0 9 ,3 9 5
6 ,6 5 2 ,8 0 0

4 -$ 1 0 3 ,7 8 2
— 2 ,2 7 2 ,5 0 5
+ 1 ,1 3 3 ,3 3 3
+ 2 4 2 ,5 1 3
+ 9 0 7 ,9 2 0

1 9 0 5 -0 6 .

+ $ 2 ,5 1 5
1 9 0 4 -0 5 .

Total gross earnings------------ ------------ . . $ 5 6 , 6 1 0 , 6 3 3 $ 5 1 , 6 3 6 , 4 0 5 $ 4 9 , 5 0 8 , 6 1 9
N et earnings over taxes------------------- - . $ 1 6 , 5 4 5 , 1 0 8 $ 1 5 , 1 9 8 , 9 3 5 $14,396,943
Y A Z O O A M ISSISSIP P I V A L L E Y .— Results on 1,370 miles; average,
1,370, against 1,297 In 1907-08. See report at length In V . 89, p. 989, 1008.




2,500,000
725,000
2,500,000

4 g
5 g

1,000
940,000
4H g
5,000
80,000
4 g
100 93,262,192
100 45,740,000 See text
1,000 Ac 67,825,000
4H g
1,000 Ac See text
5 g
6
4 ,173,000
100 35,000,000 9 In 1909
5 g
1,000 Ac 11,590,000
1.000 Ac 23.424.000
0 g
6
140,000
500 Ac 11.291.000
6 g
500 Ac 10,391,000 See text
2,966,052
4 g
500 Ac
198,000
7
1,000
£10 £1,400,000 See text
£ 10 £1.000 000
4
£1,150,000
£469,459
7
£100
£100 £1,150,000
4)4
5
£400,000
£100
7,650,095
1,000
5 g
5,720,000
1,000
4 g
1,000
320,000
5 £
500,000
1,000
5 g
See text
l,0 0 0 A c
4 g

.$ 5 7 ,1 4 5 ,5 1 2
.$ 1 6 ,4 5 2 ,9 0 5
.
3 ,8 7 4 ,7 0 8

$ 2 4 8 ,6 3 4

B o n d s -P r i n c i ­
pal
W hen
Due
S tock s— L a st
D iv id e n d

J
J

Total earnings___________ _______
Net over taxes..... ...................................
Income from Investments, A c _____

$ 2 5 1 ,1 4 9
1 9 0 6 -0 7 .

D IV ID E N D S

W h e re P a y a b le , a n d by
W hom

J 115 Broadway.New York July 1 1953
A
Aug 1 1951
do
do
J
Jan 1 1951
do
do

In c . o r D e c .
+ 127
— $ 1 2 6 ,4 3 9
4 - 6 4 6 ,0 8 6
— 1 ,3 7 0 ,8 6 1

.

O R

A
A
A

1 9 0 7 -0 8 .
4 ,4 2 0
$ 1 0 ,9 9 1 ,7 9 8
3 5 ,3 5 7 ,8 1 1
1 1 ,6 4 7 ,1 1 8

...

W hen
P a y a b le

3H g J
F
3 g
J
3 g

1 9 0 8 -0 9 .
( N o t in c l. Y a zo o A M . V ■ R R . ) — Average miles operated____________ .
4 ,5 4 7
Passenger earnings_________________ . $ 1 0 , 8 6 5 , 3 5 8
Freight earnings____ ______ _________ . 3 6 , 0 0 3 , 8 9 7
M all, express, A c __________________ . 1 0 , 2 7 6 , 2 5 7

Balance, surplus------------------

R a te
%

$500 Ac $23,888,000
5,000,000
1,000 Ac
3,235,000
$1,000
ty.
1,000
4,600,000
450,000
1,000

The entire 5 5 ,000,000 capital stock of the Central ot Georgia was turned
over to the Illinois Central In June 1909, but the road. It Is stated, will be
operated Independently, at least tor the present. This will add 1,915 miles
to the system , affording a connection at Birmingham, A la ., and an outlet
to the Atlantic at Savannah. Ga.
V . 86, p. G68- V . 88, p. 1559.
Indlanap. South’n R y ., Indianapolis, Ind., to Effingham , 111., 177 m , Is
owned but separately oper. V . 78, p. 2442; V . 7 9 , p. 733. 968: V . 85, p. 798;
V . 89, p. 286.
C A P IT A L S T O C K .— The le a s e d l i n e s t o c k Is secured by deposit of $ 1 0 ,­
000,000 Chicago St. Louis & New Orleans stock.
(V . 65, p . 1071.)
Stockholders voted May 18 1908 to Increase the stock from $ 9 5 ,040 ,000
to $ 123 ,55 2,00 0, one-half ot the new stock being subscribed at par by stock­
holders, raising the amount out to $109 ,29 6,00 0.
V . 86, p. 081, 1529.
On June 30 1909 Union Pacific owned $ 3 2 ,000 ,000 of the stock. V . 84,
p. 51, 102, 570; V . 86, p 480.
D IV S . 1 ’8 7 . ’88. ’89. ’ 90 ’0 1 -'0 9 . '0 0 .
’ 0 1 .Sep.'04. '0 5 t o ’ 08.
1009.
C o m . stk / 7
7
5 6
5 yearly 5 )£ _ 6 yearly
7 yearly
7
B O N D S .— C a i r o b r i d g e . See ad v. In "C h ronicle,” M ay 7 1892.
The t r u s t b o n d s of 1886 are secured by deposit of $5,26 6 ,0 0 0 Chicago S t.L .
& New Orleans consols of 1881.
In M ay 1908 they were given a lien on the
road. See V . 86, p. 1343.
The c o l l a t e r a l t r u s t b o n d s ot 1952 are secured by pledge with the U . S.
Trust Co. of New York of $ 1 6 ,350 ,000 5 % 1st mortgage 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 of 1953 are secured by pledge of all
the Loulsv. N. O. A Texas (now Yazoo A Mississippi Valley R R .) , $ 1 6 ,­
900,000 1st mtge. bonds, except $68,000 , all the $ 9 ,104,000 mtge. Incomes
and all but $96,000 of the $10,000 ,000 land grant Incomes. See ad v. In
“ Chronicle” June 11 1892, and V . 54, p. 964; V . 61, p. 112.
C h i c a g o S t . L o u i s A N e w O r l e a n s 5,’ have their Interest guaranteed (by
endorsement) until the principal Is paid. The 3 >$8 of 1897 are guar., prin­
cipal and Interest, by endorsement— see guaranty V . 65, p. 1071.
The W e s t e r n L i n e s l o a n of 1894, see “ Supplement” ot Jan. 1899.
The S t . L o u i s D i v i s i o n A T e r m i n a l bonds are for $15,000,000 authorized,
ot which $5,000,000 are t h r e e per cents; $ 3 ,500,000 were issuable for Im­
provements, equipment, & c., and $1,499,000 are held to retire $1,400,000
underlying bonds still outstanding on the St. Louis Alton A T . H . system ;
Abstract of mortgage In V . 66, p. 138. See also V . 66, p. 133; V . 71, p. 546.
L o u is v ille D iv is io n A
T e r m i n a l m t g e . Is for $25,000 ,000 ; of the bonds
$ 1 ,112,000 were reserved to purchase the 46 m . (Cecilia br.) from Louisville
& Nashville and to retire the L. & N . bonds thereon. Chicago St. Louis A
New Orleans took title to the Loulsv. D lv. and Joined In making m tge. See
V . 66, p. 136, for abstract; also "Sup plem ent” of Jan. 1899. V . 65, p.
3 67, 516; V . 66, p. 133; V . 67, p. 581; V . 75, p. 671.
The p u r c h a s e d l i n e s 3 H s of 1904 ($20,000,000 authorized) cover various
minor lines acquired. Of the bonds, $14,662 ,000 have been Issued on 734
m . of subsidiary branch lines purchased, and the remaining $5,338,000 Is
reserved to retire at m aturity $968,000 bonds of the Kankakee A South­
western lsts due 1921 (see bond table above) and $4,370,000 bonds ot the
Chic. M ad. A North. (231 m .) , which are pledged for the collateral trust
4s of 1952. (See V. 71. p. 288; V . 79, p. 1273, 1642, 2588; V . 81, p. 1105.)
The r e f u n d i n g mortgage gold 4s of 1908 (authorized Issue $110,000,000,
with the privilege o t Issuing $10,000 ,000 additional to acquire the Indianap­
olis Southern, Indianapolis, In d ., to Effingham, 111., 177 miles) are subject
to call at 107 H and Interest on any Interest day beginning N ov. 1 1918.
See V . 87, p. 1357, 1420; V . 88, p. 2 95. Cover the main line, the Chicago
terminals, the so-called purchased lines, the Springfield Division, the St.
Louis Division, A c ., a total of 2,015 miles, subject to existing Issues of
bonds aggregating $ 6 1,766 ,000 , lncl. $ 2 ,500,000 Chicago Havana A W est­
ern 5s and Rantoul R R . 5s pledged under 111. Cent, gold 4s of 1952.
P u r p o s e s f o r W h i c h $90,000,000 R e f u n d i n g B o n d s U n i s s u e d A r e R e s e r v e d .
To retire a like amount of prior lien b o n d s ____________
____ $61,766,000
Additional main track, tunnels and bridges, purchase of real
estate, Improvements, funding of Indebtedness and other
corporate purposes_______________________________________________ 28,234,000
In April 1908 filed a first lien 4 % gold $30,000 ,000 equip, mtge. due Jan. 1
1923 (U . S. M tg. A Tr. C o., trustee). V . 86. p. 1042, 1343.
G E N E R A L F IN A N C E S .— On June 30 1908 there were $23,590 ,000
loans and bills payable outstanding. On account of this Indebtedness,
shareholders of record May 18 1908 were permitted to subscribe for $14,­
256,000 new stock at par. In N ov. 1908 $20,000,000 refunding m tge.
bonds were sold. See above.
Bills payable outstanding June 30 1909,
$1,620,000.
E A R N IN G S .— 2 m os., 1 1909............ Gross, $ 9 ,674,530; net, $1,279,783
1 1908______ Gross, 8 ,9 1 5 ,8 7 6 ; net,
1,383,530
July 1 to Aug. 31.
R E P O R T .-— Anaual meeting Is held the third W ednesday In October.
Report for 1908-09 was In V . 89, p. 989, 1001; editorial, p. 962.

Old B a s ts —

Am ount
O u ts ta n d in g

M
M

A N Fidelity Trust Co, Phlla May 1 1 9 2 6
A S Treasurer, Indianapolis
Sept 1910

Q— J
July
A O Windsor Trust Co, N Y Apr
A
J
July
May
Q— J
Belmont A Co, New York Oct
M A N 165 Broadway
Nov
M A N Morton Trust Co, N Y May
A
J

M A N
M A
S
M A
S
M A N
See text

Office 195 B 'w ay, N Y
Sept 1907 coup last paid
In default— See text
May 1909 coup pd wh due
London

M A S 15
7 ’0 7 -’ 08
4> 4’07'08
J A D 15
J
A D
M A
S
M A N
J
A
J
J
A D

1 1907 1 M
1 1956
1 1910
27 1910
1 1909 2 y i
1 1952
1 1911

Nov 1 1919
Sept 1 1909
Sept 1 1921
May 1 1920
Dec 12 1908 4 )4

London

Sept 15 1950
Sept 15 1950
1950
London
Jan 1 1984
Mercantile Trust Co, N Y June 1 1938
do
do
Mch 1 1951
Penn Co for Ins, Ac,Phlla To May 1 1919
Guaranty Trust Co, N Y July 1 1939
Juno 1 1959
New York

Year—
G ross.
N e t (o v e r t a x ). O th . In c .
C lip s .,A c .
B a l.,s u r p .
1 9 0 8 -0 9 ..........$10,035,257
$1,019,182 $1,750
$1,22 6 ,0 1 0
def.$205,078
1 9 0 7 -0 8 _____ 10,098,391
1,025,774
1,750
1,346,033 def. 318,509
O F F IC E R S .— Pres., James T . Harahan, V .- P ., I. G. Rawn; V .- P ., and
Sec., A . G. Hackstaff; Treas., E. T . II. Gibson; Gen. M gr., Frank B.
Harrlman. General office, Chicago, 111.; N . Y . office, 115 Broadway."
Directors.— W alther Luttgen, John W . Auchlncloss, J. T . H arahan,
Cornelius Vanderbilt, J. Ogden Armour, John Jacob Astor, Chas. A . Pea­
body, R . W . Goelct, John G. Shedd, A . G. Hackstaff, It. S. L ovett, H . W .
de Forest, and, cx-officio, H on.C has.S.D cnccn,G ov. of 111.— (V .8 9 ,p .1069).

IL L IN O IS SO U TH ERN R Y .— Owns Salem to Bismarck (IncludingRiver
Transfer, 1 m ile), 122,86 m .; Chester branch, Missouri Jet. toChester, 10.70
m .; Rosborough branch, Sparta to Rosborough, 5 m .; total owned, 138,56
m .; leases 111. Cent, trackage. Branch Jet. to I. C. Jet., 2.75 m .; total, 141.31
m . Successor June 1 1900 of the Centralla A Chester R R ., foreclosed.
V . 70, p. 1048; V . 71, p . 29. Stock, com ., $ 4 ,000,000; 6 % cum. pref.
$ 1 ,000,000; par, $100, all Issued. Of the bonds, $400,000 was reserved
for lm prov. and equip, at not over $200,000 yearly.
V . 79, p. 500.
R E P O R T .— For year ending June 30 1909, gross, $ 3 62 ,51 7; net, $ 80,476 .
In 1907-08, gross, $345,852; net, $73,211; int. and taxes, $243 ,41 7; b a l.,
def., $170 ,20 6. Pres., J. W . W alsh: Treas., F. D . Kellogg; A u g., M . E .
Keehan. Office, Grand Central Station, Chicago, 111.— (V . 82, p. 108.)
IL L IN O IS T E R M IN A L R R .— Owns terminals at Alton , 111., and road,
Alton to Hartford, 111., 6 miles; Hartford to Edwardsvllle Jet., 7.1 m .;
leases from W abash R R .. Edwardsvllle Jet to Edwardsvllle, 1.6 m . Stock,
$500,000; par, $100.
Year 1907-08, gross, $167,549; net, $70,787; ln t.,
taxes, A c ., $32,522; bal., $38,265. Pres., Geo. M . Levis.— (V . 79, p. 2205.)
ILL IN O IS T U N N E L CO.— See Chicago Subway Co.— (V . 89, p. 847.)
IN D IA N A IL L IN O IS & IO W A RR — See Ohio. Ind . A Southern R R .
IN D IA N A H ARBOR B ELT RR — Owns W hiting, In d ., to Blue Island.
111., 14.4 miles, McCook to Franklin Park, 111., 11.2 m .; Chappell to Union
Stock Y d s ., Chicago, 10.8 m .; State line to Grasselll, In d ., 4.9 m .; total
owned, 41.3 m .; operates Jointly Chicago Term . Transfer R R ., Blue Island,
111., to McCook, 13.6 m .; mlsc. trackage, 3 9.6 m .; total, 94.6 m .
N ov. 1
1907 acquired Chic. June. R y . V . 85, p. 1270, 1209; V . 86, p. 108.
Stock outstanding, $ 2 ,450,000, all owned by Lake Shore A Mich. Sou.
and Mich. C ent., which guarantee the bonds. Of the bonds $25,000 ,000
authorized Issue), $2,500,000 are reserved to retire the Chic. H am . A
Western 6s and $725,000 were Issued to retire the Mich. Central and Term .
R R . joint 4s. The $2,500,000 bonds Issued in payment of Chic. June.
R y . bear Interest at 2 % yearly from July 1 1907 for 5 years, then 3 % for
5 yrs., then 4 % to maturity; V . 86, p. 108.— (V . 85, p. 1270; V . 86, p. 108.)
IN D IA N A P O L IS UNION R Y .— Owns 3 miles of track, .93 of a mile of
road, with terminals at Indianapolis, Ind ., and leases for 999 years the Belt
R R . of Indianapolis— 12 % m . (which see). Clev. Cincinnati Chicago A
St. Louis, the Pittsburgh Cincinnati Chicago A St. Louis and the Vandalla
R R . are virtual proprietors, they having Invested In It $920,331 to June 30
1907. No stock outstanding.
The $160,000 4 % notes of 1904 arc guar. prln. and lnt. by Pitts. Cln. Cblc.
A St. L. and Cleve. Cine. Chic. A S t. L. V . 80, p. 871.
E A R N IN G S .— 1006-07, gross, $1,013,894; net. $370,750; other Income,
$13,163; total deductions, $290,654; bal., sur.. $93,2 5 9 .— (V . 83, p. 213.)
INTER B O R O U G H -M ETR O P O LITAN CO.— O R G A N I Z A T I O N .— Incor
porated on Jan. 24 1906 as an amalgamation (per plan V . 82, p. 217, 280) of
the Interborough Rapid Transit Co. and Metropolitan Street R y.
In Feb.
1907 $33,912 ,800 of the $35,000,000 stock of the Intcrb. Rapid Transit C o.,
$42,740 ,000 of the $52,000 ,000 Metropolitan St. R y . stock and $ 2 9 ,373 ,100
of the $30,000 ,000 stock of the Metropolitan Securities C o., Its holding
company had been acquired. V . 82, p. 692.
See Interborough Rapid
Transit Co. below and Metrop. St. R y . In “ Electric R ailway” Section
Favorable decision, V . 85, p. 09, 654.
In Sept. 1907 receivers were ap­
pointed for Metrop. Street R y. and of Its lessee, the New York City R y .,
whose stock Is all owned by the Metropolitan Securities C o.,the Metropolitan
Street R y . divs. being suspended. V . 85, p. 793, 864; V . 89, p. 593.
M i l e a g e o f C o m p a n ie s C o m p r is in g In t e r b o r o u g h -M e t r o p o lit a n S y s te m .

Interborough Rapid Transit C o., subway.......................................... 8 2.20
Elevated (Manhattan R ailw ay, leased)...........- ................................1 1 8 .0 5
Surface lines owned or controlled by Interb. Rap. Tran. C o ..1 5 4 .03
New York City Railway and subsidiary companies...................... 519.46

miles
miles
miles
miles

Total (single t r a c k ) ............................................ ....................... ..............873.74 miles
S T O C K .— The pref. stock has voting power upon default of paym ent of
dividend thereon. V . 82, p. 217, 280.
D IV I D E N D S .— D lv . on pref., 1 H % quar., paid July 2 1906 to July 1907
Inclusive; none since to O c t ..1909. V . 85, p. 600.
V O T IN G T R U S T .— All the common stock Is deposited under a voting
trust agreement to Mch. 6 1911, subject to termination In the discre­
tion of the voting trustees, viz.: August Belmont, W alter G. Oakm an,
Thomas F . R yan, Cornelius Vanderbilt and Peter A . B. W ldener.
B O N D S .— The collateral trust 4 )* s of 1906 (W indsor Trust C o ., N Y . ,
trustee) are secured by pledge ot all the stock of the Interborough
Rapid Transit Co. or voting trust certificates therefor acquired at the rate
of $1,000 In bonds for $500 Interborough Rapid Transit stock, V . 82, p. 2 8 0 .
A $500,000 5 % mtge. due In 1911 covers property In 218th St.
V . 83, p . 9 5 .
The collateral trust 3-year 5 % notes of 1907 ($15,000,000 authorized
Issue) can be Issued only pro rata as the collateral mentioned (V . 8 4 , p .
1248) In the deed of trust Is deposited. Collateral m ay be withdrawn on
deposit of an amount of cash as fixed by the deed of trust or additional notes
of Metropolitan Street R y. There are $ 4 ,545,000 6 % notes (extended) due
May 27 1910. V . 8 5 , p. 1401; V . 8 6 , p. 1285.
R E P O R T .— Report of holding company for year ending Dec. 31 1908
was In V . 88, p. 227, 997: Total receipts, $3,348,044; ln t., taxes, A c ., $3,3 4 7 .­
017; balance, surplus, $1,027.




C o m b in e d O p e r a tio n s — In t e r b o r o u g h R a p . T r a n . C o . a n d N .

Y . C ity R v .
C h a n tie s .

Y ea r en d. M a rch H I—
1906-07.
Gross e arn ings................................. $43,353,841
Operating expenses-------------------- 21,841,884

1905-06.
$40,693,671
21,044,516

Inc. $2,660,170
Inc.
797.368

N et earnings................................$21,511,957
Other In c o m e ..................................
1,187,464

.1 9 ,6 4 9 ,1 5 5
1,215,781

Tnc. $1,862,802
Dec.
28,317

Total Income................................$22,699,421
• Interest rentals and taxes-------- $17,956,552
In t. ( 4 H % ) on Int.-M et. bonds 3 ,150,000
Metrop. St. R y . guar, dlvs------666,368
In t.-M et. 5 % prel. dividend___
2 ,273,990

$20,864,936 Inc. $1,834,485
$10,766 ,926 Inc. $1,189,626
a 2 .800,000 Inc.
350,000
3,639.888 Dec. 2,973.520
..................
Inc. 2,273,990

D e f ic it -...........................................$1,347,489
$2,341,878
Dec. $994,389
•Excluding Metrop. special franchise tax In litigation, a Dividend.
O F F IC E R S .— Pres., T . P. Shonts; V .-P ., J. B. McDonald. Office, 165
Broadway, N . Y .— (V . 86, p. 1285; V . 88, p. 227, 505, 686, 883, 997. 1372.)
INTERBOROU G H R A P ID T R A N S IT CO. — ( S e e M a p .)— Incorporated
M ay 6 1902 In N . Y ., and In 1904 began operating municipal tunnel R R . In
N . Y . City, extending, with two tracks, from Battery to City H all, and as a
four-track line from the City Hall (with two-track loop at that point) under
new Elm S t., Fourth and Park aves., to 42d S t., thence under 42d St. and
Broadway to 103d S t.; also as two-track lines, partly viaduct, (a) from 103d
S t., on the W est Side, to Kingsbrldge Station, ( b ) from 103d St. to the East
Side and Bronx Park.
Extension (two-track) under the East River via
Fulton and Flatbush avenues to Atlantic A v ., Brooklyn, 2>3 miles, there
connecting with the Long Island R R .. was opened May 1 1908. Total, about
72 H m . of track on 25 H miles of road (of which 19
subway and f> elevated);
leases Manhattan R y ., 118 m .; surface lines owned or controlled, 154 m .;
total, 344 miles. V . 77. p. 827; V . 80, p. 222, 1912; V . 84, p. 1306; V . 85,
p. 600, 654, 1005; V . 86, p. 108, 1100.
The extension to Van Cortlandt
Park, 1 mile, was opened A u g. 1, 1908.
V . 87, p. 285.
Offer to build extensions,estlm atedat$ 100 ,00 0,00 0, V . 8 9 , p .4 1 ,6 6 4 , 778
Leases M anhattan (Elevated) R y . for 999 years from N ov. 1 1875
P A L L I E S .— Has agreement with N . Y . City Interbor. St. R y ., controlled
?
by allied Interests.
5 m . operated. V . 80, p. 117, 1175, 1479; V . 82, p.
8 68, 1268; V . 86, p. 1100.
In March 1906 $ 1 ,814,000 of the $2,000,000
Subway R ealty stock was acquired. V . 82, p. 218, 513.
Owns stock of N . Y . & Queens County R y ., 74 miles, and (Jointly with
Long Island R R .) the N . Y . & L . I. Traction C o., 56 miles. V . 80, p. 2621;
V . 83. p. 818; V . 86, p. 1100. Also owns New York & Long Island R R .,
whose tunnels from Manhattan to Long Island City were completed In
Aug. 1907, but not operated to O ct. 1909, owing to franchise dispute
(V . 81. p. 1492; V . 8 2 , p. 751; V . 83. p. 1229; V . 84, p. 1248; V . 85, p.
345, 793, 864, 1339, 1518; V . 86, p 669, 1344; V . 88, p. 101, 231, 624;
V . 89, p. 1069.
Pelham Park R y . and City Island R R ., see security hold­
ings, V . 83, p. 155.
C O N T R O L .— In Dec. 1907 $33,912 ,500 of the $35,000,000 stock had
been exchanged for 2 0 0 % In 4 M % collateral trust bonds of the Interborough
Metropolitan Co. (which see above), secured by the stock exchanged.
C O N T R A C T S .— Contract with city called for the construction of the road
from City Hall north for $35,000 ,000 and Its lease to the company for 50
years from completion, renewable for another 25 years, the rental to be
equal to the Interest on the city’s bonds Issued for construction (but not for
easements, &c.) and a sinking fund of 1 % yearly to retire the bonds. See
provision V . 82, p. 1157.
In Dec. 1907 $ 5 ,934,798 was allowed for extra
construction. V . 85, p. 1461. The com pany also at Its own expense pro­
vided the electrical equipment (costing over $26,000 ,000 ; see V . 82, p.
452).
For contract see V. 69, p. 1063. The extension from City Hall
Manhattan to Brooklyn was built without aid from the city except about
$4,0 0 0 ,0 0 0 , and leased for 35 years with privilege of renewal for 25 year*.
V . 86, p. 196; V . 75, p. 184, 1086, 1202. See V . 76. p. 101, 1234.
D IV I D E N D S .— July 1904, 2 % ; 1905, 8 * 4 % ; 1906, 8 \ 4 % ; 1907 to O ct.
1909, 9 % yearly (Q -J).
B O N D S A N D N O T E S .— $ 5 5 ,000 ,000 mortgage bonds, dated N ov. 1
1907, with Interest at a rate to be fixed from time to time, are subject to
purchase at 105 and Interest by a yearly sinking fund of $300,000, beginning
N ov. 1 191 0, and also subject to call on any Interest day at the same price
In amounts not less than $1,0 0 0 ,0 0 0 . The proceeds to be used to provide
for the $35,000,000 notes due 1910 and 1911, and future requirements. In
July 1909 the $10,000 ,000 bonds reserved to retire the notes due March 1910,
which are to be called for payment on Sept. 1 1909, were sold. V . 89, p. 41,
103. The bonds are secured by all the real estate and power houses, lease­
hold Interest In the subway. Manhattan R y .. stocks and bonds owned,
advances to other companies and other property; total cash cost, $54,095 ,­
419. The securities, amounting to over $4,0 0 0 ,0 0 0 , known as "M anhattan
guaranty fu n d ," which were released from pledge for performance of lease
of Manhattan R y ., were applied towards retirement of $10,000,000 out­
standing gold notes of 1907; proceeds of N . Y . & Long Island R R . when
sold are to be applied to reduction of m tge. debt.
The $23,424,000 3-year 6 % notes dated May 1 1908, are secured by
deposit of $ 2 8 , 1 0 8 ,8 0 0 of above bonds. Into which they are convertible at
the option of the holder to N ov. 1 1910 at the rate of 99 In collateral notes
for $100 In bonds. The deposited bonds m ay be withdrawn after N ov. 1
1910 on paym ent In cash of at least 83 1 -3 % of the face value. V . 86,
p. 1100, 1042, 081; V . 87, p. 1479, 1610.
R E P O R T .— Report for year ending June 30 1909 was In V . 89, p. 664.
1908-09.
1907-08.
1906-07.
Earnings from operations........ ........... .$ 2 5 ,7 7 5 ,3 9 2 $24,059,299 $22,363,802
10,722,694
9,593,331
Operating expenses.................................. 10,747,443
Net earnings............... ...........................$ 1 5 ,0 2 7 ,9 4 9 $13,336,605 $12,770,471
Total net Income............... ..................... ...$ 1 6 ,4 1 2 ,5 9 3 $14,556 ,775 $13,586,304
In t. on bonds and rentals (Including
Manhattan gu aranty)_______________ 10,022,963
9 ,269,650
8,491,895
T a x e s .......... .................
1,799,807
1,586,466
1,377,965
Dividends ( 9 % ) . ..............
3 ,150,000
3 ,150,000
3 ,150,000
S u r p l u s .................................................... $1,439,823
$550,659
$566,444
D IR E C T O R S .— August Belmont (Chairman), Alfred Skltt, Morton F .
Plant, Andrew Freedman, James Jourdan, John Pierce, Geo. W . Young,
W m . A. Read, Cornelius Vanderbilt, Edward J. Berwlnd, Edwin H aw ley,
H . M. Fisher, Gerald L. H oyt, Theo. P . Shonts, New York; and Gardiner
M . Lane, Boston.
Pres., T . P. Shonts; V .-P ., Frank H edley, David W . Ross; Sec., II. M .
Fisher; Treas., John H . Campbell. Office, 165 Broadway, New York.
— (V . 88, p. 1560; V . 89, p. 41, 103, 286, 527. 528, 503, 663, 778.)
IN T E R N A T IO N A L & G RE AT NORTHERN R R .— ( S e e M a p M i s s o u r i P a ­
c i f i c . ) — Longview, on 'I'ex. & Pac.(ncar Shreveport. L a .), southwesterly to
Houston and Galveston, also to Laredo, T e x ., on M ex. National R R ., and
Spring northerly to F t. W orth; total July 1909. 1,159 miles, viz.:
J o in t tra ck a g e—
M ile s .
'L i n e s o w n e d —
M ile s .
Longview, T e x ., to Laredo_____494 Galveston Houston & Henderson
(Jointly with M . K . & T . ) ............ 50
Palestine to Houston, T e x _______ 150
Mlneola, Columbia, &c___________ 121 Other lines___________________________ 26
Fort W orth to Spring------------------- 261 Houston, Oak Lawn & Magnolia
_________ 10
P a r k R y __________
Navasota to Madlsonvllle--------------- 47
O R G A N I Z A T I O N .— Reorganized without foreclosure In 1892 under plan
In V . 54, p. 203, 366. Stock authorized Is $25,000 ,000 ; outstanding, $ 9 .­
756,000; par. $100; controlled In Interest of Missouri Pacific.
R E C E I V E R S H IP .— On Feb. 26 1908 J. F . Freeman was appointed re­
ceiver. The March 1908 coupons on 2d and 3d m tge. bonds were defaulted,
a large amount of earlier coupons on 3d m tge. bonds also remaining unpaid,
as well as a large amount of unsecured floating debt, and the Texas R R .C o m ­
mission ordered Improvements costing several million dollars, for wnlch
funds could not be secured. In Feb. 1908 foreclosure suit was begun
under third mortgage and In April 1908 under second mortgage. V . 86
p. 547, 1042.
Receiver’s certificates, $338,730 6s (since retired), were
authorized to pay the interest due May 1 1908 on 1st mtge. bonds. V . 87,
p. 812.
Receiver’s certificates outstanding Jan. 1 1909, $140,000. Judg­
m ents, $4,929,098, entered May 14 1908.
V . 86, p. 1285.
B o n d h o l d e r s ’ P r o t e c t i v e C o m m i t t e e .— A committee consisting of Mark T .
C ox, Edgar L. Marston, H . K . Pomroy and W . Emlen Roosevelt of New
York and John W . Hamer of Philadelphia (Farmers’ Loan & Trust C o.,
depositary) early In 1908 requested deposits of 2d m tge. bonds.
In July 1908 most of the $10,301 ,000 second mortgage bonds had been
deposited. V . 8 6 , p. 1042, 1343.
B O N D S .— The 2 d m t g e . Int..scaled t o 5 % , upon default reverted to 6 % a s
form erly. V . 73, p. 445. In June 1907 obtained authority to expend $ 100 ,­
000 to $150,000 for passenger depot at San An tonio. V . 84, p. 1551. On
June 30 1908 car trust notes and bonds $481,040.




E A R N IN G S .— 12 m os., 1 1908-09-------Gross, $ 8 ,0 9 ',9 3 9 ; net, $1,499,793
July 1 to June 30.
\1907-08-------Gross, 6 ,9 2 2 ,2 6 7 ; net,
460,391
Yea rs—
G ross.
N et.
O th e r I n c . C h g e s ., & c .
B a la n c e .
$363,560 $24,352 ♦$2,848,377 d c f.$2,460,464
1907-08 -------$6,922,268
1906-07 ------- 8,826,957
1,950,008
4,530
1.780,811
173,727
* Includes joint facilities, $67,513, and hire of equipment, balance, $ 2 4 0 ,­
130, and $272,402 for add’ns and betterm ents.— (V. 87, p. 1238.)
INTER O CEAN IC R Y . OF M E X IC O . L T D .— See page 171.
IO W A C E N T R A L R Y .— (See M a p . ) — Operates Peoria, 111., west to Oskaloosa. Ia ., thence northerly to Albert Lea, M inn., forming a through lino
via Minn. & St. L . R R ., from Peoria, 111., to St. Paul, M inn., 558 miles, viz.:
O w ns—
M ile s . I
L e a s e s — ( s to c k o w n e d . )
M ile s .
Iowa Jet., 111., to M anly Jet.
I la . C. & W ., Belmond to A lgo n a. 37
I o w a ------------------------------------------- 363 [ T r a c k , Iowa Jet. to Peoria.
3
Branches to Belmond, & c________ 127 Manly Jet., L a ., to Albert Lea,
I Minn, (owned Jointly)__________28
H I S T O R Y .— Reorganization (by plan In V . 44, p. 653) of the Central
Iowa, sold In foreclosure In 1887-88.
In June 1900 Minneapolis & St. Louis
Interests obtained control through purchase of the common stock; the two
properties are operated In close connection.
V . 70, p. 1249.
S T O C K .— C om ., au th ., $11,000 ,000 ; Issued, $8 ,5 2 4 ,6 8 3 .
Pref., author.,
$7,400,000; Issued, $ 5 ,674,771. The pref. Is entitled to 5 % (non -cum .),
then com . to 5, then both share pro rata. V . 62. p. 548. Par $100.
D IV I D E N D S .— On pref. In 1892, 1 % ; 1899, 3; 1900, l \ 4 , none since.
B O N D S .— The refunding 4s of 1901 are secured by a mortgage on the en­
tire property now owned or hereafter acquired, subject to the $7,65 0 ,0 0 0
first 5s. for which an equal amount Is reserved. The balance Is Issuable
for future extensions at not exceeding $25,000 per mile. Improvements and
equipment. V. 73, p. 899.
In July 1909 $5,720,000 were sold and listed:
$395,000 additional In treasury. V. 86, p. 229, 1589; V. 87, p. 1420;
V . 88, p. 564; V . 89, p. 163. In 1909 sold $320,000 5 % equip, bonds.
V . 88, p. 1437.
E A R N IN G S .— 2 m os., 11909................. Gross, $523 ,59 8; net, $ 9 4 ,2 3 7
July 1 to A u g 31.
J1908.................Gross, 4 97,388 ; net,
12 7 ,0 1 0
" A N N U A L R E P O R T .— Report for 1907-08 was in V . 87, p. 1233. C om ­
parisons are Inaccurate, owing to changes In accounting In 2 later years.
Soft-coal tonnage In year 1907-08 was 1,122,643 (4 9 % of total tonnage.)
Y e a r e n d i n g J u n e 30—
1909.
1908.
1907.
1906.
Gross earnings..................$ 3,015,647
$ 3 ,002,475
$3,132,048
$2,958,587
Net earns, (over taxes).
454,871
786,645
981,840
774,849
Tot.net rec’ tsdncl.rents)
528,313
970,917
1,201,467
992,536
Interest, rentals, & c___
755,834
755,718
755,872
755,094
Balance, s u r p l u s - d e f . $227,521 sur.$215,199 s u r.$44 5,59 5su r.$237,442
— (V . 87. p. 1233. 1420; V . 88, p. 452, 564, 1437; V . 89, p. 163.)
G U A Y A Q U IL & Q UITO R Y .— ( 3 ^ - f t . gauge.)— Owns from Guayaquil
to Quito, Ecuador, about 286 miles, with two branches, completed June
1908.
V . 81. p. 556; V . 83, p. 1170.
Stock authorized, com ., $ 7 ,032,000; pref., 7 % cu m ., $5,250 ,0 0 0 . Special
voting stock, $1,000 held by the Council of foreign bondholders, who may
appoint 3 directors. The 5s (formerly 6s) of 1899 areguar., prln. and Int.,
by the G ov’t of Ecuador, secured by a lien, subject to that or the prior lien
bonds, on all the customs duties, the G ovt, receiving 4 9 % of com . stock.
Late In 1908 an agreement was made for the surrender of the four coupons
of the general series bonds from July 1907 to Jan. 1909 In exchange for
$90 of G ov’t “ Salt” bonds bearing 4 % Int and 4 % sinking fund, to be used
to draw the bonds for payment at par; also for the Issue of $2,486,000 of
6 % prior lien bonds having a preferential mortgage on the road and customs
revenues redeemable by a sinking fund of 2 H % at par or as a whole at 105,
the Interest on the general scries bonds being reduced from 6 to 5 % .
After
the payment of the prior lien bonds tho Government Is to continue to pay
5 % and 1 % sinking fund. The holders of the general series bonds received
$100 per $1,000 bond In non-interest-bearing certificates, the fourth part
of the surplus net earnings after payment of the Interest and sinking fund
on the bonds to be used to pay olf the ctfs. V . 87, p. 1478; V. 88, p. 564.
Pres., Archer Harman; V .-P ., T. H . Powers Farr, New York; Sec. and
Treas., John J. Glnnane. N . Y . office, 33 W all S t.— (V . 89, p. 847.)
JA C K S O N V IL L E TE R AIINA L R Y .— Owns union freight and passenger
depots and terminal properties at Jacksonville, F la.. Including 23 miles of
track used by A tl. Coast Line R R ., Seaboard Air Line, Florida East Coast
R y ., Southern R y . and Georgia Sou. & Florida R y ., the five companies
first named guaranteeing by endorsement the prln. & Int. of above bonds
and owning entire stock. The five cos. each guar, one-fifth of th« Int. under
rentals and meet expenses on wheelage basis.— (V . 71, p. 135.)
JA M ESTO W N F R A N K L IN & C L E A R F IE L D R R .— Owns from James­
town, Pa., via Franklin, to OH C ity, 51 miles; branches, 20 miles; Polk Jet.
to Rose Siding, near Brookvlllc, 61 miles, opened Sept. 15 1909; trackage.
Rose Siding to Clearfield, 53 m .: total, 185 m .
Controlled by the Lake Shore & Michigan Southern.
A consolidation In
Feb. 1909 of the Jamestown & Franklin, Central Trunk and Jackson Coal
R R . and of the Franklin & Clearfield R R ., under construction from Franklin;
V . 88, p. 506, 1002. Leased to the Lake Shore & Mich. Sou. from April 1
1909 for the term of the corporate existence and renewals, rental covering
Interest on bonds and 5 % yearly on stock, payable quarterly (Q -J ). O f the
4s of 1909, $11,000,000 were Issuable at once to retiro outstanding debts
and bonds and remaining $14,000,000 reserved for extensions and im ­
provements.— (V . 89, p . 225, 2 8 7 .— (V . 89, p. 528, 593.)
JEFFERSON R R .— Owns Lanesboro, P a ., to Carbondale, P a .,37 miles
double track;branch, W est Hawley, P a ., to Honesdale, P a ., 8 miles. Leased
In perpetuity to the Erie R R . Co. for $140,000 per annum for main line
and $14,940 for branch. Used by Delaware & Hudson to reach Carbondale.
Stock, $2,095,450; all owned by Erie R R .— (V . 8 7 , p. 1479.)
JONESBORO L A K E C IT Y & EASTER N R R .— Owns Jonesboro to Bar­
field, A rk ., 67 miles; Osceola Jet. to Osceola, A rk ., 20 miles. Stock,
$600 ,00 0.
Bonds ($1,000,000 authorized Issue), Bank of Commerce &
Trust C o., Memphis, Ten n ., trustee
For year ending June 30 1909 gross,
$151,976; net, $30,931; charges, $30,942; dividends, $5,850; bal., d e f.,
$5,862. Pres., E . F . Brown. Office, Jonesboro, Ark.— (V . 81, p. 1665.)
JUNCTION R R . (Philadelphia).— See Pennsylvania R R .— V . 86. p. 4 2 1 .

KANAWHA & MICHIGAN RY. —

(.See M a p T o le d o & O h io C e n t r a l .) —

Owns Corning, O ., to Gauley on the Ches. & Ohio, 177 miles, less 18 miles.
Pomeroy to Galllpolls, and 1 mile, Athens to Armltagc, where Hocking
Val. R y . tracks are used. Also owns branch of 11 miles leased to Toledo
& Ohio Central and Col. Sandusky & Hocking R y. companies.
In 1907 consolidation with H ock. Val. R y. proposed per plan V . 83,
1, 323, minority stock being olfered 6 0 % In new stock.
V . 84. p
85. p. 864; V. 86, p. 1224
The merger Is temporarily blocked, tnc lower
Ohio State Court after rehearing In June 1909 holding control by Hocking
Valley to b e Illegal. Stockholders June 4 1907 authorized $2,500,000 2d
___„ _
_
______________
__________ ________
m tge. 20-year 5 % bonds, to be used mainly to pay off $2,241,000 floating
debt. Of these bonds. $2,078,000 have been Issued. V . 84, p. 1182; V . 8 5 .
p. 1402; V . 88, p. 624, 1128, 1253, 1500.
H IS T O R Y , &c.— Reorg. In April 1890 of K . & O. R y. foreclosed (See
V . 50, p. 451,483.)
In 1890 a majority of stock was acquired by Tol. & Ohio
Cent., which has guaranteed the bonds, prln. and Int.
(See V. 52. d . 165.
351.) Capital stock. $10,000,000 ($1,000,000 In treasury July 1909.)
L A T E S T E A R N IN G S .— J1909...... ........... Gross, $452,207 net, $153,724
2 m os., July 1 to Aug. 31. 1 1 0 0 8 -................ Gross, 409,180 net,
104,680
Surplus over charges, 2 months, $112,537, against $61,089 sur. In 1908.
R E P O R T .— Report for year 1908-9 was In V . 89, p. 7 18, showing,
gross, $2,127,637; net, $315,822; oth. Inc., $100,011; Interest, taxes. & o .,
$28 1,316; betterments, $118,408; b al., surplus, $16,0 4 8 .— (V . 89, p. 718.)
K A N A W H A & W E S T V IR G IN IA R R .— To extend from Charleston, W
V a ., to Belva on the Gauley River, 55 miles, of which 39 miles completed
balance under construction. Controlled by same Interests as Blue Creek
Coal & Land C o., owning 44,000 acres of coal and timber land In Kanawha
County. Stock authorized, $5,000,000; par of shares, $100. Of the $ 5 ,­
000,000 authorized 1st 5s, (Scranton Trust C o., trustee), $1,000,000 have
been Issued, the remainder being limited to $25,000 per mile. The first.
$1,000,000 of the Issue are guaranteed, prln. and Int.. by the Blue Creek
Coal & Land Co. and are subject to call at 105 and interest. V . 83, p. 1524;
V. 84, p. 339. Pres., Edward S. Jones; V .-P ., W . A . MacCorkle; T r e a s..
rhos. E . Jones: Sec., W m . D . Boyer.— (V . 84, p. 339.)
K A N SA S CITY BELT RY.— See page 171.










R A IL R O A D S

I N T E R E S T OR D I V I D E N D S

F o r explan ation o f colum n headings, & c ., see notes
on first page o f tables
J e ffe r s o n — 1st & 2d Ms e x t In ’ 87 & ’ 89 ( H ’ dale B r ) _
1st M C arb to S d ep g e x t 1908 red 105 gu p & l.F P .c
J o n e s b o r o Lake C ity & E astern— 1st M $ 1 ,0 0 0 ,0 0 0 au
J u n ctio n (P h ila d e lp h ia )— See P e n n s y lv a n ia R R
K a n a w h a & Coal R iv er— J o in t M $ 7 5 0 ,0 0 0 g o ld s f . . _
K a n a w h a & M ich — 1st M $ 15 ,000 p r a g g p & I .C e .c *
S econ d m tge $ 2,500,000 au th g o ld red p a r ____ S .c *
E q u ip m e n t t r u s t s ...........................
E q u ip m e n t b on d s d u e $23,000 se m i-a n n u a lly ...........
no
do
d u e o a r t s e m i-a n n u a lly __________
.........................
. .
do
do
K a n a w h a & W est Va— First M $5,000,o"o’ o g t e x t . - . c
Car trusts due $32,000 D ec y e a r ly ..............................Ba
K an C y B elt— 1st ($ 534,000 gu ar K C F S 4 M ).N B .c
K a n s a s C ity C linton & S p r in g — 1st M g g u a r___ N B .c
K a n sa s C ity Fort S cott & M e m p h is R y —
R e f M $60 ,0 0 0 ,0 0 0 g o ld g u a r p & I e n d ._ M e .x c &r
K C F t S & G 1st M Id gr s f d r ’ n 110 (e x t In 1908) _c*
M em ph is K an & C ol first m o r tg a g e _______________c
K an sas & M issouri R R first m o r tg a g e ____________ c
K an sas C ity F t S c o t t & M em ph is R r co n s M .N B .c *
C u rren t R iv e r R R 1st M $20 ,000 p m g u a r .......... NB
K an s C y & M R y & B dge 1st M g s f d ra w n at 1 1 0 .c
O za rk E q u ip C o 1st M gu ar $ 1 ,0 0 0 ,0 0 0 call a t p a r . .
K an s C y M em & BIrm gen M $ 4 ,5 0 0 ,0 0 0 c u r .. O B . c
I n c o m e n o n -c u m u la tlv e _____________________ O B .c
do
sta m p ed fixed Interest re d e e m a b le t e x t . .
BIrm B elt 1st M gold red 102 H gu ar p & 1 e n d . . ( ) B
E q u ip m e n t n otes Series A d u e $65,000 s e m l-a n n ____
do
Ser B $85 ,000 d u e s-a (V 81, p 1 0 4 4 )___ Ba
K a n sa s C ily M e x ico & O rie n t— 1st M g o ld (sec t e x t ) .
K a n s a s C ity O uter Belt & E l e c t r i c . - l s t M $ 3 ,0 0 0 ,000g
K a n s a s C ity Sou th ern — P re f stk 4 % n -c $ 2 1 ,0 0 0 ,0 0 0 .
F irst m ortg a g e gold $ 3 0 ,0 0 0 ,0 0 0 ................. M e .c &r
R e f and Im p ’ t M $ 21 ,000 ,00 0 g o ld red 105 x c • &r N
E q u ip m e n t n otes gold red p ar d u e $72 ,0 0 0 s -a ____ N
do
gold ser 1 red p ar $30 ,000 s - a ____
5
do
b In clu d es $24 5,00 0 held aliv e In sinking fu n d s.
a A ls o c o v e r s m a jo rity o f s to c k o f K ansas C ity M em

F id e lity T ru s t C o , P h lla J u ly ’27-Jan ’29
E rie R R , N ew Y o r k
A p r 1 1919
M em p h is, T en n
S e p t 1 1925
B a n k ers T r u s t C o , N Y
Cen tral T ru st C o , N y
S ta n d a rd T r C o, N Y
H o ck V al R y , C olu m , O
S u p S a v & T r C o , C levc
J H H o y t , C levelan d
N o rth e rn N at B k , T o le d o
S c r a n to n (P a ) T r u s t C o
R K le y b o lt e & C o , N Y
O ffic e 50 S ta te S t , B o st
O ld C o lo n y T r u s t , B o sto n

S e p t 1 1924
A p r 1 1990
J u ly 1 1927
M ay 1 1912
F e b 15 ’ 10-’ 16
■lnly’ 0 9 -J u ly ’ 13
M ay 1 1917
J u ly 1 1955
D ec ’ 0 9 -D e c ’ l l
J u ly 1 1916
O c t 1 1925

M erca n tile T r u s t C o , N Y
O ld C o lo n y T r u s t , B o sto n
do
do
do
do
M erc T r u s t , N Y ; & B o st
O ld C o lo n y T r u s t, B o sto n
M erc T r C o , N Y ; & B ost
O ld C o lo n y T r C o , B o sto n
do
do
do
do
do
do
do
do
B lair & C o , N e w Y o r k
do
do
A m e r E x ch N a t B k , N Y
U S M & T . 20 B r o a d ,N Y
C h ecks m ailed
N ew Y o r k T r u s t C o , N Y
do
d ■
B lair & C o , N ew Y o r k
do
do

O ct 1 1 9 3 6
Ju n e 1 1911
S e p t 1 1910
A u g 1 1922
M ay 1 1928
O ct 1 1 9 2 7
O c t 1 1929
M a y -N o v 1 1910
M en 1 1934
M ch 1 1934
M ch 1 1 9 3 4
O c t 1 1922
T o Jan 1 1915
F e b ’ lO -A u g ’ 15
F e b 1 1951
A p r 1 1953
O c t 15 1909 1 %
A p r 1 1950
A pril 1 1950
M ay ’ 10-N ov ’ 15
D«.c ’ 09 Jun e *15

B lrm l n g h a m , 2 85 m ile s, an d p r o v ld es fo r rctl re m e n t o f Its b o n d s.

„ KANSAS CITY CLINTON & SPRINGFIELD RY.— O w n s fro m O la th e ,

K a n ., to A sh G rov e, M o ., 154 m iles; R a y ra o re J e t. t o P leasan t H ill, M o .,
8 m .; to ta l, 162 m iles. S t o c k . $ 1 ,7 7 5 ,4 0 0 .
B o n d s w ere g u a r, b y th e K a n ,
C ity I- t. S c o tt & M em . R R . (o ld c o .)
F o r y e a r e n d in g 1907-08, gross, $ 3 3 3 .­
105: n et, $ 76 ,934 ; ch arges, $ 19 0,88 7; b a l., d e f., $ 1 1 3 ,9 5 3 .— (V .7 3 , p .7 2 3 .)

„ KANSAS CITY FORT SCOTT & MEMPHIS RY.— (S ee M a p s R ock Island
C o .) — O perates K ansas C ity , Mo., to M em p h is, T e n n .,a n d bra n ch e s, 914 m ..

A lso has a co n tr o llin g Interest In s to c k o f the IC. C. M em . & BIrm R R
o w n in g line fro m M em phis, T e n n ., t o B irm in g h a m , A la ., w ith b ra n ch , 285
m iles, a n d o f K ansas C ity & M em phis R y . & B rid ge C o ., o w n in g bridge
across M ississippi R iv e r a t M em ph is, 3 m iles. T o t a l, 1,201 m iles.
O R G A N I Z A T I O N .— I n c o r p o r a te d on Jun e 14 1901 an d Is v e ste d w ith
the p r o p e r t y o f the form er K an sas C ity F t . S c o tt & M em phis Railroad-, also
c o n tr o ls oth er m ileage. V . 72, p. 1237. See V . 72, p . 438 , 532, 675, 988 .
T h e S t. L . & San F ran . R R . ow n s the en tire s to c k a n d leases the r o a d , g u a r­
a n teein g the b on d s o f 1901, p rln . an d In t., a n d 4 % on p re f. s to c k tru st ce rts .
S T O C K .— C om m on a u th o r iz e d , $ 4 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 1 5 ,0 0 0 ,0 0 0 ,
all ow n ed b y S t. L ou is & San F ra n cisco R R .
T h e p r e f.s t o c k ($ 1 5 ,0 0 0 ,0 0 0
a u th o r iz e d , o f w hich $ 1 3 ,5 1 0 ,0 0 0 Is o u ts ta n d in g , p a r $100) Is d e p o site d In
e s c r o w , a n d a g a in st It are Issued trust certifica tes o f the S t. L . & San F . R R .
th e latter h a v in g the o p tio n t o retire th e certifica tes a t a n y tim e a t par!
a n d ob lig a tin g Itself to p a y o ff the w h o le Issue In 20 years fro m d ate (O c t .
190 1 ), a n d m eanw hile t o p a y q u a r. 1 % th e re o n .
See V . 72, p . 1238.
B O N D S .— T h e refu n d in g b o n d s o f 1901 (lim ite d to $ 6 0 ,000 ,00 0) are
secu red b y all p r o p e r ty n o w o w n e d , or hereafter a cq u ire d w ith the p r o ­
ceeds o f th e r efu n d in g Issue.
O f the b o n d s , $ 1 1 ,6 5 0 ,0 0 0 w ere s u b scrib e d fo r
in Jun e 1901, a b o u t $ 3 1 ,0 2 5 ,7 7 0 w ere re se rv e d fo r e x ch a n g e again st the
fa c e a m o u n t o f u n d erly in g b o n d s , $ 3 ,0 0 0 ,0 0 0 fo r r e fu n d in g p u rp o se s, $ 5 ,­
000 ,0 0 0 fo r Im p r o v e m e n ts ,b e tte r m e n ts a n d new e q u ip m e n t a t the cu m u ­
la tiv e ra te o f $60 0,00 0 per a n n u m , a n d the resid u e, as w ell as a n y b o n d s
n o t used or requ ired fo r re fu n d in g p u rp o se s, w ill be reserved fo r Issue for
a d d itio n a l lines an d ex te n s io n s , a t n o t e x c e e d in g $22 ,500 p e r m ile th e re o f.
A s t o g u a r a n ty , see ’ ’ o r g a n iz a tio n " a b o v e .
V . 7 5 , p . 853 . See V . 87, p. 4 1 4 .
In 1902 the K . C. F t. S c o t t & M em . R y . g u a ra n te e d the In terest on all
e x c e p t $3 8 4 ,2 8 0 of the $ 6 ,3 2 2 ,7 8 0 K . C. M em . & BIrm . In com e b o n d s , b e ­
g in n in g M arch 1, the b o n d s s o g u a ra n te e d be in g s ta m p e d w ith a p ro v isio n
m a k in g th em s u b je c t to call a t a n y tim e w ith in 10 years fro m S e p t. 1 1902
a t 95 a n d Interest. V . 74, p . 477 , 577.
B irm in gh a m B elt b o n d s are gu a ra n te e d , p rin cip a l a n d Interest, Jointly b y
K an sas C ity M em phis & BIrm . a n d S t. L . & San F ra n .
V . 75 p 1 1 4 7 —
( V . 8 6 , p . 1042, 1159, 1529; V . 8 7 , p . 414; V . 88, p . 1061; V . s o ’, p . 103.)

KANSAS CITY LAWTON & PACIFIC R R —V. 83, p. 751,
KANSAS CITY MEXICO & ORIENT RY.— (S ee M a p . ) — P r o je c te d to
e x te n d fro m K ansas C ity , M o ., t o T o p o lo b a m p o B a y , M e x ico , on the P a cific
c o a s t . 1,659 m iles; also a c u t -o ff fro m San A n g e lo to SpofTord J e t ., T e x .,
c o n n e c tin g there as w ell as at C h ihu ahua w ith M exica n lines fo r M e x ico C ity .
In S ep t. 1909 c o m p leted fro m W ich ita , K a n ., so u th to the R ed R iv e r (S ta te
line b etw een O k la h om a and T e x a s ) , 272 m iles; and th e K . C . M . & O R y
C o . o f T e x a s c o m p le te d fro m the R ed R iv e r to San A n g e lo , T e x . , 227 m ,
m a k in g a co n tin u o u s line fro m W ich ita , K a n ., to S w e e tw a te r, T e x ., 510
m iles. F r o m C h ih u a h u a , M e x ., eastw ard to a p o in t 2 m iles b e y o n d the
C o n ch o s R iv e r , 90 m .; M ln aca. M e x ., w est to S a n ch e z . M e x .. 75 m .T o p o lo b a m p o eastw ard to H o rn lllo s, 73 m ., and fro m San A n g e lo , T e x . ’
n o r th w a r d , 1 1 m . , w h ich , w ith tra ck a ge o v e r the C h ihu ahua & P a cific R R .,’
C h ih u ah u a t o M ln aca, M e x ., 121 m ., m akes to ta l In op e ra tio n 868 m iles.
T h e lla m b u rg -A m e r lc a n S S . C o . has c o n tr a c te d to establish a tra n s-P a ciflc
line as s o o n as the railroad Is co m p le te d ( V . 7 7 , p. 4 0 1 ). L iberal su bsidies
h a v e been gra n ted b y the Federal a n d S tate g o v e r n m e n ts In M e x ico . See
p r o s p e c tu s , V . 75, p , 1253, an d V . 83, p . 95, 1411; V . 86, p . 668.
T h e K ansas C ity O uter Belt & E le c tr ic R R (sec th a t c o m p a n y below )
w ill, w hen c o m p le te d , a fford term in al fa cilitie s a n d an e n tra n ce In to K a n ­
sas C ity . V . 7 6 , p . 331 ; V . 8 0 , p . 871 .
S E C U R I T I E S .— S to c k a u th o riz e d , $20 ,000 p er m ile each In c o m m o n an d
n o n -c u m u la tlv e 4 % p r e f . s to c k ; o u ts ta n d in g J u ly 1909, p r e f., $12 ,5 0 0 ,0 0 0 ,
c o m ., $ 1 0 ,5 3 9 ,2 7 5 .
In J u n e 1909 Increase to $ 37 ,500 ,00 0 each o f c o m . and
p r e f . s to c k w as a u th o r iz e d . V . 8 8 , p . 1500. S to c k Is held In a v o tin g trust
u n til J a n . 1 1917, th e v o t in g tru stees b e in g A . E . S tllw cll, W . W . S ylv e ste r,
W . A . R u le an d VV. S. W o o d s , K ansas C ity : R o b e r t H . L a w , C h icago- D o u g ­
las J . N e a m c, H a rold D . A r b u th n o t, L ew is R e n d e ll, B a ro n B o x a ll an d H . J.
C h ln n ery , o f L o n d o n , E n g la n d . V . 8 3 , p. 1411.
B on d s (U . S. & M exica n T ru st C o ., trustee) a rc Issuable a t $ 22 ,500 per
m ile , single m ain tra ck , $15 ,0 0 0 p er m ile, y a rd an d term in al tra ck , an d
$12 ,000 p er m ile o f d o u b le t r a c k , c o n s tr u c te d o r a cq u ire d ; also, $ 2 ,5 0 0 ,0 0 0
fo r e x tra w ork In Sierra M adre M ou n tain s, $ 5 ,0 0 0 ,0 0 0 fo r term in al fa ­
cilities a t K ansas C ity o r T o p o lo b a m p o , o r b o t h , a n d $ 1 0 ,0 0 0 ,0 0 0 fo r fu tu re
req u irem en ts a n d a d d ition a l r o llin g s to c k a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 y e a r ly ,
b eg in n in g F'eb. 1 1906. O n c o m p le tio n o f road there w ill be le ft In the
treasury fo r ea ch m ile o f c o m p le te d ro a d $ 7 ,5 0 0 b o n d s , $4,0 0 0 p re f. and
$ 7 ,500 c o m . s t o c k . V . 7 8 , p . 102; V . 8 1 , p . 1411; V . 87, p . 3 7 , 508. O f the
$1 6 ,4 8 4 ,0 0 0 b on d s Issued J u ly 1909, $ 3 ,5 0 0 ,0 0 0 w e re s o ld , $4,3 3 8 ,0 0 0 in
th e c o m p a n y ’s treasu ry and the r e m a in d e r w as o w n e d b y the U n ion a n d IntelT s n !? nal C on stru ction c o m p a n ie s , w h ich are b u ild in g the r o a d . V . 8 8 ,
p . 1500, 1560.
U n der a g re e m e n t In fo r c e u n til A u g . 1910, the c o m p a n y
p a y s Interest o n ly o n the b on d s s o ld , the Interest o n the b o n d s held b y the
o n oojn pan les b e in g d e b ite d to c o s t o f co n s tr u c tio n .
In A p ril 1908
$70 0 ,0 0 0 2 -y r . 6 )•$% n otes (d e n o m in a tio n s $500 each ) w ere o ffe r e d , secu red
b y d e p o s it o f 2 0 0 % in 1st m tg e . b o n d s, an d In O ct. 1908 £200,000 6 % 5 -y r .
n o te s , d u e A u g . 15 1913, b u t s u b je c t to call a fte r 3 yea rs, secu red per £100
n o te b y $1,0 0 0 In first m ortg age b o n d s, th e n otes b e in g c o n v e r tib le Into
th e d ep os ited b on d s taken a t 8 0 . V . 86, p . 981- V 8 7 , p 1011 1420
In M a y 1902 m ade an ag re e m e n t w ith S t. L o u is U n io n T ru s t C o . , ’ as
tru stee, to secu re $ 2 ,0 0 0 ,0 0 0 ca r-tru st b o n d s, a n d In F e b . 1905 w ith the
A m erica n
L o c o m o t iv e C o . t o secure $ 1 ,0 0 0 ,0 0 0 lo c o m o t iv e b o n d s
V . 8 1 , p . 77 7 .
M ex ico & O rien t T o w n s lte C o ., see V . 78, p . 1109
1113; V . 8 5 , p . 3 4 5 , 72 2 .
v
‘
O F F I C E R S ,— P r e s ., A . E . S tllw ell; V .- P s .. E n riq u e C . C reel, G eo
C rock er, J . S . B ra lth w a lte a n d J . T . O dell; V .- P . a n d G en. M g r., E d w a rd




B on ds— P r i n c i ­
pal, W hen D u e
S to ck s— Last
D ivid en d

W here P auable. and bg
W hom

D ick in s o n ; S e c ., N eal S . D o ra n ; T r e a s ., E . E . H o lm e s .
O ffic e , 10th S t. an d
B a ltim o re A v e ., K an sas C ity . D ir e c to rs , V . 88, p . 1313, 1500. N . Y . o ffic e .
Sin ger B l d g .— (V . 8 8 , p . 1313, 1500, 1560; V . 8 9 , p . 348 , 778 .)

KANSAS CITY OUTER BELT (STEAM) & ELECTRIC RR.— T h is c o m ­
p a n y Is c o n s tr u c tin g a b e lt line ro a d at K ansas C ity , the m ain line, d o u b le
tra ck , b e in g 7 m iles In le n g th , e x te n d in g fro m N o. K ansas C ity to th e K a w
V a lle y on th e w e st, w ith brid g e a cross the M issouri R iv e r .
G ra d in g an d
b rid g in g p r a c tic a lly co m p le te d S e p t. 1909.
W ill a ffo rd an en tra n ce Into
K ansas C ity fo r th e K a n . C ity M ex. & O rien t R y ., an d c o n n e c t w ith the
v a riou s steam road s en te rin g th a t c it y .
In c o r p . In 1902 b y Interests
frie n d ly to K . C. M ex. & O . R y .
V . 7 5 , p . 184; V . 76, p . 331; V . 8 0 . p . 87 1 .
S E C U R I T I E S .— S to c k a u th o riz e d . $ 2 ,5 0 0 ,0 0 0 c o m . an d $ 2 ,2 5 0 ,0 0 0 4 %
p r e f. T h e s to c k will be held In a v o t in g tru st o f ten m em bers until the full
d iv id e n d shall h a v e been p aid on th e p re f. fo r 5 co n s e c u tiv e yea rs.
See
V . 76, p . 331 . O f the $ 3 ,0 0 0 ,0 0 0 a u th o r iz e d 1st g o ld 4s (sec table a b o v e )
$ 2 ,0 0 0 ,0 0 0 have been s o ld ; the en tire c o s t o f c o n s tr u c tio n a n d e q u ip m e n t
w as estim ated a t n o t o v e r $ 2 ,0 0 0 ,0 0 0 In b o n d s , le a v in g b a la n ce fo r e x t e n ­
sion s a n d Im p ro v e m e n ts .— ( V . 75, p . 184; V . 76, p . 331 ; V . 80, p . 8 7 1 , 239 9 .)
, KANSAS CITY SOUTHERN RY. — (S ee M a p .)— O p e ra te s a line e x t e n d ­
in g fro m K ansas C ity , M o ., to P o rt A rth u r, T e x ., th en ce b y Its ship ca n a l,
7 tnilps, to d e e p w a te r on th e G u lf o f M e x ico , w ith bran ch es a n d e x te n s iv e
term inals used b y v ariou s road s e n terin g K ansas C ity .
L in es Owned—
M ile s . | L ines O wned.
M ile s .
K ansas C ity , M o ., t o B elt Ju n e. 12 B ran ch es t o F o r t S m ith , D e
G ra n d V ie w , M o ., to P o r t A r th u r ,
Q u in cy , L a ., e t c _______________ 51
T e x ........................................................765 T racka ge— T o G ra n d V ie w , M o . . 11
. T o t a l .......................................................... ................................................................ 8 3 g
A ls o ow ns en tire $65 0,00 0 each o f s to c k a n d b o n d s o f A rk a n sa s W estern
R y ., W a ld ro n to H e a v e n e r, A r k ., 32 m iles, o p e r a te d s e p a ra te ly ; aiso con^
trols K . C. S h rcv e . & G u lf T e rm in a l C o . V . 8 3 , p . 3 8 , 492.
O R G A N I Z A T I O N .— A re o rg a n iza tio n o f K an C .P itts . & G u lf R R ., fo re ­
c lo s e d in 1900 per plan V . 69, p . 1012, 1062.
V . 73, p . 1356; V . 74 p .94
T h e v o tin g trust h a v in g e x p ir e d A pril 1 1905, a new m a n a g e m e n t w as
e le cte d In M ay 1905 an d e x te n sio n s s u g g e s te d . In clu din g o n e to N ew O rleans.
V . 80, p . 1971; V . 81, p . 559; V . 84, p . 1366.
In 1909 c o n tr a c ts w ere m ade
fo r Interch ange o f freigh t w ith th e Ila rrlm a n lin es.
V . 88, p . 375 . C o m ­
m on s t o c k , $30 ,000 ,00 0; p a r, $100.
S E C U R I T I E S .— T h e s to ck h o ld e rs o n J u n e 28 1909 a u th o riz e d an Issue
o f $ 21 ,000 ,00 0 ’ ’re fu n d in g a n d Im p r o v e m e n t” b o n d s d a te d J u ly 1 1909
bearin g not o v e r 5 % Interest, o f w h ich $ 1 0 ,0 0 0 ,0 0 0 u n d e rw ritte n b y a s y n ­
d ic a te , have been sold to p r o v id e fo r the $ 5 ,1 0 0 ,0 0 0 5 % n otes called f o r
p a y m e n t on J u ly 1 1909 and v a rio u s Im p ro v e m e n ts, and the rem a in d er Is
reserved fo r fu tu re req u irem en ts. V . 8 8 , p . 1128, 1253, 1437; V . 8 9 , p . 104.
D I V I D E N D S .— First d lv . o n p r e f. s t o c k , 4 % , paid J u ly 1 1907 o u t o f
earnings fo r fiscal y e a r 1906-07; O c t ., 1 % ; 1908 an d 190 9, 4 % (Q .-J .)
L A T E S T E A R N I N G S .— J1 9 0 9 ..................G ross, $2 ,1 5 6 ,7 7 3 ; n e t, $695,784
3 m o s ., J u ly 1 to S e p t . 3 0 . /1 9 0 8 ------------- G ross, 2 ,1 7 7 ,3 8 4 ; n e t, 830 ,345
R E P O R T fo r 1908-09 a t le n gth w as In V . 8 9 , p. 1065, 1089.
190 8-0 9.
1907-08.
I n c . or D ec
T o ta l gross r e c e ip t s ____________________ $ 8 ,7 7 1 ,9 6 5
$8,757,918
+ $14,047
O p e ra tin g e x p e n s e s ____________________ 5,350,056
5,760,259
— 410,203
N et e arn in gs____________________________ 3 ,4 2 1 ,9 0 9
2,9 9 7 ,6 5 9
+ 424 ,250
T o ta l net In c o m e _________________________3 ,5 1 9 ,7 2 2
3 ,132,268
+ 387 ,454
T f lt n s ;
S ? ? ?7(1
283,138
+ 39,141
In te re st o n b o n d s, & c___________________ l , 2 2 l ! o o o
1,225,053
— 3,453
M is c e lla n e o u s _____________
99,187
10,805
— 88,382
D iv id e n d on p re fe rre d s t o c k ( 4 % ) ____
8 4 0 ,0 0 0
840,000
B a la n ce , su rp lu s............... ........................$ 1 ,0 3 6 ,6 5 5

$77 3,27 2

+ $ 2 6 3 ,3 8 3

R E S U L T S O F P R E V IO U S Y E A R S — OLD B A S IS .
1906-07.
190 5-0 6.
1004-05.
1903-04
G ross earn in gs_________ $ 9 ,0 8 4 ,3 3 2
$ 7 ,5 6 8 ,3 3 2
$ 6 ,8 9 3 ,6 5 6
$ 6 ,6 7 8 ,2 1 5
N et earn in gs------------------- 3 ,7 4 4 ,8 1 3
2 ,0 3 6 ,0 5 7 1,8 0 5 ,3 0 0
1 ,9 6 8 ,0 1 2
D I R E C T O R S .— C h airm an , L . F . L o re e ; P r e s ., J . A E d s o n , H erm an n
Slelck en , J . A . B lair, W . T . R o s e n , D . G . B o ls s cv a ln , A n drew J. M iller
W . G . S tr e e t, W , II. W illia m s a n d E . It. B a co n o f N ew Y o r k ; Jo h n J*.
M itchell o f C h ica go; S . W . F o r d y c e a n d A d o lp h u s B u sch o f S t. L ouisG . M . Craig, P o r t A r th u r . T e x .; W . F . H a r rlty , P h lla ., P a .; S e cre ta ry Is
R . B . S p e rry. O ffic e , 25 B ro a d S t ., N . Y . — (V . 80, p . 1065, 1089.)

KANSAS CITY TERMINAL RY. — T o ow n a u n ion passenger d e p o t
a n d term in al a t K an sas C ity , M o ., w ith a p p ro a ch e s, to be c o n tr o lle d
b y ten ra ilro a d s, v iz .; C h ic. R . I. & P a c ., A t c h . T o p . & S. F .. C h ic MUw
& S t. P a u l, C h ic. & A lt o n , S t. L o u is & San F r a n cis c o , U n ion P a cific
W a b a sh , C h ic. B u rl. & Q u in cy , M o . P a cific a n d M o. K ansas & T e x a s
I n c o r p . J u ly 11 1906. S to c k a u t h ., $ 5 0 ,0 0 0 ,0 0 0 .
In O ct. 1908 co n tr a c te d
to a cq u ire the s to c k o f th e K a n . C. B e lt R y ., an d o n J u ly 22 1909 a u th o r
lzed the pu rch ase o f th e s to c k o f the p resen t U n ion D e p o t C o. T h e electors
o n S e p t. 9 1909 a u th o riz e d th e o r d in a n c e p e rm ittin g e re ctio n o f the s ta tion ,
& c ., to c o s t, w ith te rm in a ls, a b o u t $ 2 0 ,0 0 0 ,0 0 0 , an d to be c o m p le te d In
a b o u t 4 years. V . 8 9 , p. 66 6 , 163.
O f th e b o n d s to be a u th . (details n ot
arra n ge d In O ct. 190 9), p art w ill be used to p a y f o r lan d an d term in al fa ­
cilities an d to e re ct the s ta tio n , an d a fu rth e r a m o u n t w ill be reserved to p a y
fo r th e K . C. B elt R y ., to retire Its b o n d s .
V . 83, p . 95; V . 8 5 , p. 405 . In
O c t . 1909 $ 4,000,000 had be e n b o rro w e d a t 4 'A % In t., gu a ra n te e d b y the ten
r a d s , b o n d s to b e Issued w hen co n d itio n s fa v o r .
V . 8 3 , p. 323 . P r e s .,
H . L . H arm on : S e c ., C. C. R ip le y ; T r e a s ., E . F . S w ln n c y .— (V . 89, p . 666.)
KANSAS CITY VIADUCT & TERMINAL RY. — (S ee M a p . ) — O w ns an d
op erates an e le v a te d railw ay a n d h ig h w a y v ia d u c t fro m B lu ff an d 6th
S treets, K ansas C ity , M o ., t o M in nesota A v e n u e a n d 4th Street. K ansas C ity ,
K an . A bra n ch v ia d u c t, U m ile In le n g th , u nd er co n s tr u c tio n , c o n n e c tin g
the m ain stru ctu re , an d thus the tw o citie s, w ith the ln te rly ln g railroad
a n d m a n u fa ctu rin g d istricts.
M ain stru ctu re c o m p le te d F e b . 1907, 1 6
m iles, m in im u m w id th o f 60 fe e t; m a te ria l, steel a n d c o n c r e te .
See V . 82
160; V . 8 4 . p . 271 , 931 .

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R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c ., see notes
on first page o f tables
K a n s a s C ity St J os ep h & C ou n cil B lu ffs— See C h icago
K a n sa s C ity S h revep & Q ulf T erm inal— 1st M red 105
K a n sa s C it y V ia d u ct & T erm — 1st M g s f(t e x t ) S .c* & r
K en & I Br & R R — K e n & I B 1st M g o ld a ssu m e d ___
F irst co n s o lid a te d m ortg a g e $ 2 ,5 0 0 ,0 0 0 g o l d - . S . c
K e n t u c k y & T en n essee— 1st M $850,000 g o ld (see t e x t
K e o k u k & D es M oin es— P referred s t o c k _____________
F irst m ortg a g e Interest gu aran teed C R I & P ____ c*
K e o k u k & H am ilton B ridge— F irst m o r tg a g e ________ c
K ew a u n ee Green B a y & W estern — F irst m o r t g a g e .F .c
K in g s to n & P em b rok e— F irst m o rtg a g e g o l d __________
K lon d ik e Alines— F irst m ortg a g e $ 30 ,000 p er m ile ____
K n o x v ille & O hio— See S o u th e rn R y
L a ke Erie & D etroit R iv e r— See P ere M a rq u e tte R R .
L a ke Erie & W es tern — C o m m o n s t o c k $ 20 ,000 p m . .
P referred s t o c k 6 % (n o t cu m ) ($ 2 0 ,0 0 0 p e r m ile )___
F irst m ortg a g e ($ 1 0 ,0 0 0 p er m ile) g o ld ________ C e .c *
S e c o n d m tg e fo r $ 3 ,6 2 5 ,0 0 0 ($ 5 ,0 0 0 p m ) g o l d .- C e .c
Lake Shore & A lichigan S ou th ern — S t o c k --------------------G u aran teed 10 % s to c k (M ich igan S o u th & N o r In d)
F irst m ortg a g e $ 5 0 ,0 0 0 ,0 0 0 g o l d ___________ U s .c * A r
B o n d s (n o t m ortg a g e) $ 5 0 ,0 0 0 ,0 0 0 g o ld ____ G .c * A r
do
do
$ 5 0 ,0 0 0 ,0 0 0 g o l d ___________
N o te s $ 1 5 ,0 0 0 ,0 0 0 g o ld ___________________________ c A r
K a la m a z o o A W h ite P ig e o n first m tg e a s s u m .U n .c
G uaranteed S ecurities—
B a ttle C r A S tu r 1st M g o ld gu a r p A 1 (see M Cent)
S tu rgis G osh en A S t L ou is 1st M g o ld p A 1 g u a r ____
K a la m a z o o A lleg a n A G r R a p id s s to c k ren tal guar
F irst m o r tg a g e g u a r a n te e d _____________________ Unc
E rie & K a la m a zo o (leased) s to c k T o le d o t o P a lm y ra
J a m e s to w n F ran k lin A C learfield stk ren tal g u a r . .
1st M $ 2 5 ,0 0 0 ,0 0 0 a u t h ............................ G .x c .* A r *
L a ke Shore S y stem — A lah on in g C oa l R R — S t o c k _____
P referred s to c k (see t e x t ) _____________________________
F irst M Y o u n g s to A n d A c g u ar p A 1 ( e n d )____ U n .c
Lake Sup & Ish p em R y — 1st M $ 1 ,2 0 0 ,0 0 0 g s f . - F . c

I N T E R E S T OR D I V I D E N D S
D ate
M ile s
of
of
Road R onds
Burll n g to n
1897
1905
1881
1900
1905
162
162 1878
1869
37 1891
113 1882
31 H 1905
711
711
711
711
1,000

_

37

41
29
58
58
26

1887
1891
1897
1003
1906
1907
1890
1889
1889

__

1888
1909

47
47
47
20

1884
1896

S iz e, o r
A m oun t
Par
V a lu e
Outsta idino
A

R ate
%

Q u in e y .
4
$500
$150,000
1,000
3 ,3 1 2 ,0 0 0
4^
250 A c
1,0 0 0 ,0 0 0
5 g
1,000
1,0 6 9 ,0 0 0
4 g
500 ,000
0 g
1,5 2 4 ,6 0 0 See t e x t
100
5
100 A c
2,7 5 0 ,0 0 0
8
1,000
1,0 0 0 ,0 0 0
5
1,000
408 ,0 0 0
572 ,000
1,000
3 g
6
£ 1 9 2 ,0 0 0
£ 6 ,0 0 0

W hen
P a y a b le

W here P a y a b le, and by
W hom

F
A A
A
J
J
M A
S
A
A O
M A
See te x t
A
A o
A A o
A D
J
A
J
J
J 30 A D

K ansas C it y , M o
Flslc A R o b in s o n N Y
L ou isville
S ta n d a rd T r u s t C o , N Y
Cen tral T r u s t C o . C lilc
O ffic e , 115 B ’ w a y , N Y
do
do
55 W illia m S t. A s earned
O ffic e , 40 W all S t, N Y
45 B r o a d w a y , N ew Y o r k
B k B rit N o A m , L o n d o n

s

100 11,8 4 0 ,0 0 0
100 11,8 4 0 ,0 0 0 See t e x t J
7,2 5 0 ,0 0 0
.1
1,000
5 g
1,000
3 ,625.000
.1
5 g
100 Z4 9 ,4 6 6 ,5 0 0 12 In ’09 .1
533 ,500 12 In ’ 09 F
100
1,000 A c 5 0 ,0 0 0 ,0 0 0
3K g J
M
1,000 A c 5 0 ,0 0 0 ,0 0 0
4 g
1,000 A c 35.0 0 0 ,0 0 0
M
4 g
1,000 A c 15,0 0 0 ,0 0 0
F
5 g
400 ,0 0 0
5
1,000
J
1,000
1,000
100
1,000
50
1,000 A c
50
50
1,000
1,000

79,000
322 ,000
610 ,000
840,000
300 ,000
(?)
S ee t e x t
1,5 0 0 ,0 0 0 12
661 .367
1 ,5 0 0 ,0 0 0
175,000

3 g
3 g
5.05
5
10
5
4 g
In ’ 09
5
5
6 g

J
J
A
J
F
J
F
J
J
J

A
A
A
A
A
A
A
A
A
A

R on d s— P r in c i­
pal, W hen D u e
S to c k s — Last
D ivid en d
A u g 1 1927
S e p t 1 1034
M arch 1911
A p r 1 1050
S e p t 1010-1023
M ay 1 1000 1
O c t 1 1023
A p r 1 1800
Jun e 1 1021
Jan 1 1912
D e c 31 1924

J O ffic e , G r C en t S ta , N Y Jan 15 1908 1 %
.1 C hase N a tio n a l B k , N Y Jan 1 1937
do
do
.1
J u ly 1 1941
J G ra n d C en t S ta tio n , N Y J u ly 29 1009 6 %
A
2 1000 6 %
I)
Jun e 1 1997
S
S e p t 1 1928
N
M ay 1 1031
A
F e b 1 1010
do
do
J
Jan 1 1040

A D
D ec 1 1089
A D
D ec 1 1989
A O
O ct 1909
A
J
A A L in c o ln N a t B a n k , N Y A u g 1909 6 %
O ct 1 ’ 09 1 > %
4
(v — J
A D N ew Y o r k
Tune 1 1959
A A G ra n d C en t S ta tio n . N Y ■Uig 2 1909 6 %
A
J U n io n T ru s t C o , N Y
A
do
do
.1
A
J Farm ers L A T r C o , N Y

z N e w Y o r k C en tral h o ld s $ 4 5 ,2 8 0 ,2 0 0 o f th is.
S T O C K .— S to c k a u th o r iz e d . $ 3 ,5 0 0 ,0 0 0 ; o u ts ta n d in g , $ 3 ,4 4 7 ,7 0 0 (p a r o f
shares $ 1 0 0 ), o f w h ich a m a jo r it y Is d e p o s ite d In a v o t in g tru st fo r 3 years
fro m c o m p le tio n o f v ia d u c t or u n til d iv id e n d s o f 4 % h a v e been p a id fo r t w o
co n s e c u tiv e y ea rs. V o t in g tru stees; H a r v e y E . F isk , J o h n P . R e y n o ld s J r .,
F ra n cis S . E a to n .
B O N D S .— F irst m o rtg a g e 4 H % b o n d s a u th o riz e d , $ 3 ,5 0 0 ,0 0 0 ; o u t s t a n d ­
in g , $ 3 ,3 1 2 ,0 0 0 .
B eg in n in g w ith 1910 a s in k in g fu n d a m o u n tin g t o 6 % o f
gross r eceip ts fo r p re c e d in g y e a r Is t o be p a id J u ly 1 t o re tire b o n d s o n sa tis­
fa c t o r y term s; oth erw ise t o b e In vested .
P r e s ., Ira G . H e d r ic k ; V . P . a n d T r e a s ., J . P . R e y n o ld s J r .; S e c ., E . E .
B a ll.— ( V . 8 5 , p . 864.)

KANSAS & COLORADO PACIFIC— See M issouri PaclQc.
KENTUCKY & INDIANA BRIDGE & RR CO.— O w n s steel c a n tile v e r
b rid g e o v e r th e O h io R iv e r a t L o u isv ille a n d 5 m iles o f ra ilro a d be tw e e n
L o u is v ille , K y ., a n d N ew A lb a n y , I n d ., a n d 5 m iles o f b e lt line In L o u is­
v ille; also ow n s L ou isv ille & N ew A lb a n y F e rry C o . S u cce sso r J a n . 31 1900
t o K e n t u c k y A In d ia n a B rid g e C o ., s o ld In fo re clo s u re s u b je c t t o the
$ 1 ,0 0 0 ,0 0 0 first m o rtg a g e . T h e S o u th e rn R y . , B a ltim o re A O h io S o u th ­
w estern ( B . & O .) a n d C h ica g o In d ia n a p o lis & L o u isv ille o w n th e $75 ,000
c a p ita l s t o c k , a n d p a y m o n th ly . In p r o p o r tio n t o cars h a n d le d , a n y d e ficit In
op e r a tio n s .
O f the $ 2 ,5 0 0 ,0 0 0 first co n s o l. 4s, $ 1 ,0 0 0 ,0 0 0 w ere r e s e rv e d t o
retire 5s d u e 1911 a n d $ 5 0 0,00 0 fo r Im p ro v e m e n ts. V . 7 1 , p . 492.
E A R N I N G S .— F o r y ea r e n d in g Jun e 30 1908, g ro s s , $ 2 3 9 ,0 0 8 ; d eficit
u nd er Interest ch arges, A c ., $ 2 3 6 ,1 3 5 . P r e s ., C. C. F . B e n t; S e c . an d
T r e a s ., H . W . H a z lltt; G en . M g r., W . M . M itch e ll.— (V . 7 1 , p . 287 , 342 .)

KENTUCKY & OHIO BRIDGE CO.— V . 8 1 . p . 1402; V . 8 2 , p . 1370.
KENTUCKY & TENNESSEE R Y — See page 171 .
KEOKUK & D E S MOINES RY. — O w ns fro m K e o k u k , l a ., t o D e s

M oin es. l a ., 162 m iles.
L ea sed fo r 45 years fro m O cto b e r 1 1878 t o the
C h ica g o R o c k Isla n d A P a cific R y .
T h e lessee p a y s 2 5 % o f th e gross
earn in gs b u t g u aran tees th e Interest (n o t the p rin cip a l) on the b o n d s .
S to c k Is $ 1 ,5 2 4 ,6 0 0 p refe rre d a n d $ 2 ,6 0 0 ,4 0 0 c o m m o n (p a r, $ 1 0 0 ), a
m a jo r it y o f w h ich Is held b y th e lessee. P re f. e n titled to d lv s . up to 8 % If
earn ed an d t o share w ith c o m m o n s to c k In a n y excess o v e r 8 % .
D I V I D E N D S .— 1 ’ 9 9 . ’ 0 0 . ’ 0 1 . ’ 0 2 . ’ 03. '0 4 . ’ 0 5 -’ 07. 1008.
1009.
O n p re fe rre d , %
j H
H
1
1
2 1)^ N o n e . A u g . , l } £
M ay, 1
R en ta l; In 1907-08, 190 6-0 7, 190 5-0 6, 1904-05, 1903-04 an d 1902-03,
^ 137,500 (b o n d Interest) y e a r ly .— (V . 8 7 , p . 37; V . 88, p . 944.)

KEOKUK & HAMILTON BRIDGE CO.— O w ns b r id g e across M ississippi
R iv e r a t K e o k u k , l a ., fo r railroad s a n d fo o t passengers. T h e p r o p e r ty w as
o r ig in a lly leased t o fo u r co m p a n ie s , b u t o n ly tw o c o m p a n ie s n o w use It,
these b e in g the T o le d o P eoria A W e ste rn a n d th e W a b a s h . R e g a rd in g
g u a r a n ty , see V . 59, p . 96 9 . O n Ju d gm en t o f 1889, $20 3,00 0 has been c o l­
le cte d ; on Ju d gm en t o f 1894, $ 14 2,00 0; In A p ril 1901 $14 2,00 0 w as a w a rd e d .
V . 7 2 , p . 82 1 . S t o c k . $ 1 ,0 0 0 ,0 0 0 ; p a r, $10 0. C o u p o n s are In d e fa u lt, b u t
m ortg a g e has n e v e r been fo re c lo s e d , a n d o v e r d u e Interest Is p a id as earnings
p e r m it. L a st co u p o n p a id , 2nd h a lf o f N o . 48 (d u e A p r. ’ 93) in S e p t. 1909.
E A R N I N G S .— Y e a r en d in g Ju n e 30 190 9, gross, $ 55 ,547 ; n e t, $39 ,5 6 9 ;
o th e r In com e, $10,302; Interest, $44 ,1 6 0 .
In 1907-08, g r o s s , $54 ,709 ; net,
$35 ,5 4 7 .
P res., A n d rew C arnegie; T r e a s ., T h e o d o r e G ilm a n , 55 W illia m
S t ., N ew Y o r k .— (V . 72, p . 821.)
KLONDIKE AIINES RY. — D a w so n C ity t o Su lph u r S p rin gs, 31 H m iles,
co m p le te d J a n . 1907; p r o je c t e d fro m S u lph u r Springs to th e S tew art R iv e r ,
60 m iles. S to c k a u th o r iz e d , $ 2 ,5 0 0 ,0 0 0 ; o u ts ta n d in g , $ 0 4 3 ,0 0 0 . T h e D a w ­
s on G ra n d F o r k s A S tew art R iv e r R y . C o r p ., L t d ., ow ns all th e s to c k a n d
b o n d s . V . 8 2 , p . 509 .
B o n d s, see table a b o v e .
V . 81, p . 725; V . 86, p.
p . 857 . P r e s ., I I . B. M cG lverln ; S e c ., A n d re w H a y d o n , 19 E lgin S t ., O tta w a ,
C a n .— ( V . 8 1 , p . 725; V . 82, p . 509; V . 8 6 , p . 857.)
KINGSTON & PEAIBROKE RY.— See page 171.
LAKE ERIE & WESTERN RR.— R O A D .— O w ns S a n d u s k y , O ., to

P e o r ia , 111.. 413 m iles; bra n ch to M in ster, 10 m iles; b r a n c h , In d ia n a p o lis to
M ich igan C ity , 159 m iles; F o rt W a y n e t o C o n n ersvlllc a n d bran ch to R u sh v llle , 129 m iles; to ta l o w n e d , 711 m iles; leases N orth ern O h io R R ., A k ro n
t o D e lp h o s, 162 m iles; tra ck a g e , 13 m iles; to ta l o p e ra te d , 886 m iles.
H I S T O R Y , & c .— F o rm e d In 1887 a fte r fo re clo s u re o f th e L a k e E rie &
W estern R a ilw a y.
(S ee V . 50, p . 590; V . 8 5 , p . 600 .)
In 1899 c o n tro l
I to the V a n d erb ilts, an d on Ja n . 1 1009 the L a k e S h ore & M ichigan
. o w n e d $ 5 ,9 4 0 ,0 0 0 c o m . an d $ 5 ,0 3 0 ,0 0 0 p re f. s t o c k . V . 7 1 , p . 1269.
D I V S .—
) ’ 9 2 -’ 08. ’ 99. '0 0 . ’ 0 1 -’ 03. ’ 0 4 . '0 5 . ’ 0 6 . ’ 0 7 .
’ 08.
1909.
On p r e fe r r e d .] 5 y ’ ly . 0
2 4 y ’l y .
3
3
3
3
1
o
B O N D S .— A b s tr a c t o f first m o rtg a g e In V . 4 6 , p . 45; o f s e c o n d m o rtg a g e
n V . 54, p . 4 4 4 .
G u arantees $ 2 ,5 0 0 ,0 0 0 5s N o rth e rn O h io , w h ich see.
E A R N I N G S .— 8 m o s ., 11909___________G ross, $ 3 ,0 5 5 ,4 5 2 ; n e t, $524,811
11908___________G ross, 2 ,7 7 2 ,5 9 .; n e t,
351 ,029
Jan . 1 to A u g . 31.

S

A N N U A L R E P O R T .— A n nual r e p o rt fo r 1908 w as In V . 88, p. 879.
Y ea r ending D ec . 31—
1908.
1907.
1906.
G ross e a rn in g s_________________________ $ 4 ,5 3 4 ,7 8 9
$5,0 6 6 ,9 4 0
$5,212,812
N et (In clu din g o th e r I n c o m e ).
1,210,125
775 ,148
1.451.318
D e d u c t— T a x e s _______________________
211,382
213 ,6 5 0
263.066
543 ,750
In teres t on b o n d s ___________________
543 ,750
543 ,750
125,000
N orth ern O h io Interest g u a r a n te e d .
125,000
125,000
R en ta ls an d m is c e lla n e o u s ..______
144,845
95,329
69,341
D iv id e n d s on p referred s t o c k _____
( 2 % )2 3 6 ,8 0 0 (3 % )3 5 5 ;2 0 0
A d d itio n s a n d b e tte r m e n ts ________
20,8 1 5
.............
87,092
B a la n ce, surplus o r d e fic it -------------d ef.$ 2 7 2 ,9 1 2
su r.$ 6 ,8 6 4
— (V . 8 6 , p . 795 , 8 5 2 ; V . 87, p . 1664; V . 88, p . 231 , 748 , 879.)

su r .$7,868

LAKE SHORE & MICHIGAN SOUTHERN RY.— (See M a p s N ew York
C en tra l. ) — O p erates fro m B u ffa lo to C h icago w ith bra n ch e s. T h e m ain line
(537) m iles) Includes 26 m iles b e tw e e n T o le d o and P a lm y ra . M ic h ., u nd er
ease fro m the E rie & K a la m a zo o 533 m iles has d o u b le t r a c k ).




Road ow ned d irectly.
M ile s .
L eased (*see this C o .)
M ile s .
B u ffa lo , N . Y . . to C h ica g o , 111___ 537 K a la m a z o o A . A G . R __________
58
S u n d ry b r a n c h e s _________________ 33 i J a m e s to w n A F ra n k lin __________
51
E n tire stock ow ned.
M ah on in g Coal R R _____________
70
D e tr o it A C h ic a g o __________________ 25 Erie & K a la m a zo o (26 m il e s ) - - T e x t .
D e tro it M on roe & T o l e d o __________ 51 D e tr o it H illsd ale A S W ................ *65
K a la m a zo o & W h ite P ig e o n _______ 37 F o rt W a y n e A J a c k s o n ________
*98
N o rth e rn C entral M ich ig a n _________61 D e tro it T o le d o A M ilw au kee___
67
S turgis G A S t L o u i s ______________ 29 B attle Creek A S tu r g is_________
7
Central T r u n k _____________________
5 T rackage a t D e tr o it ______________
3
E lk h a rt A VVestern_______________ 12
G rand to ta l o p e r . Ja n . 1 1909 (o f w h ic h o w n e d , 1,092 m ile s )_______ 1,511
B y c o n tr o l o f “ N ickel P la te ” the L ake Sh ore has still a n o th e r line fro m
B u ffalo to C h ica g o .
O perates D u n k irk A lle g h e n y V a lley A P itts b u r g h ,
D u n k irk , N . Y . , to T itu s v ille , P a ., 91 m iles, sin ce O ct. 1 1901 f o r a c c o u n t
o f N ew Y o r k C en tral.
(V . 73, p . 663.)
O w ns $ 1 7 ,0 0 0 ,0 0 0 s to c k o f C h icago In d ian a A S ou th ern R R . , w h ich see.
V . 8 4 , p. 753 , 754 .
As t o c o n s o lid a tio n In 1909 u nd er title o f J a m e stow n
F ran k lin A C learfield R R . , le a se d , sec th a t c o . a b o v e . V . 8 8 , p . 944,
O R G A N I /A T I O N , A c .— A c o n s o lid a tio n o n A u g . 16 1869.
In 1808-99
$ 4 5 ,2 8 9 ,2 0 0 o f th e c a p ita l s t o c k w as pu rch ased b y the N . Y . O. A H . R .
R R .. w h ich ga v e In e x c h a n g e Its 3 H % b o n d s a t the rate o f $200 In b on d s
fo r $100 In s t o c k . V . 66, p . 288; V . 69, p . 1237.
N ew Y o r k C h icago A S t. L ou is road has been c o n tr o lle d b y o w n e rsh ip o f
s to c k sin ce 1882, Lake Sh ore n ow o w n in g $ 6 ,2 1 0 ,0 0 0 o f Its c o m m o n .
$ 6 ,2 7 5 ,0 0 0 o f Its se c o n d p referred an d $ 2 ,5 0 3 ,0 0 0 o f Its first preferred s t o c k .
T h e c o m p a n y also c o n tr o ls and leases the M ah on in g Coal R R . (see L a ke
Shore " S y s t e m ” b e lo w ) an d o w n s (besid es en tire s to c k o f p r o p r ie ta ry lines)
$ 5 ,0 0 0 ,1 0 0 P ittsb u rg h A L a ke Erie s t o c k ; $ 3 0 ,2 0 7 ,7 0 0 or the $ 5 0 ,0 0 0 ,0 0 0
C le ve . C ln. C h icago A S t. L o u is c o m m o n s to c k ; also $ 5 ,9 4 0 ,0 0 0 o f the
$ 1 1 ,8 4 0 ,0 0 0 c o m m o n an d $ 5 ,9 3 0 ,0 0 0 o f the $ 1 1 ,8 4 0 ,0 0 0 L a ke Erie A
W estern p referred . V . 71. p . 1269; V . 7 2 , p. 870; V . 82, p . 749.)
In 1908 $ 5 ,7 0 0 ,0 0 0 L eh igh V a lle y s to c k o w n e d w as s o ld . V . 8 7 , p . 1533.
A lso o w n e d Ja n . 1 1909 $ 6 0 ,6 6 5 ,0 0 0 R ea d in g C o. s to c k a c q u ir e d b y the
P e n n sv lv a n la -V a n d e rb llt Interests, v iz .: $ 6 ,065,000 first p re fe rre d , $ 1 4 ,­
265 ,0 0 0 se c o n d p referred a n d $ 1 0 ,0 0 2 ,5 0 0 c o m m o n s t o c k , th e o th e r h alf
be in g h eld b y th e B a ltim o re A O h io .
V . 80. p . 1856.
As to purchase of
o n e -six th Interest In m a jo r it y H o c k in g V a lle y R y . c o m m o n s t o c k , s e c th a t
c o m p a n y . V . 76, p . 102, 158; V . 77, p . 451; V . 83. p . 37.
List o f s to ck s o f c o m p a n ie s o w n e d D e c. 31 1908, V . 8 8 , p . 764 . S ee also
V . 78. p. 4 8 , 1904; V . 8 0 , p . 18jj2; V . 82. p . 749.
D IV S .
1 ’ 9 3 -’ 97. ’ 98.
'09 to 1903. ’ 04. ’ 05. ’ 06. ’ 07. ’ 08. 1009
Since 1892,
% /6
y e a r ly . 6 7 y e a r ly .
8
8
8 12
14
12
Ja n . 1908 d lv .
In clu ded 6 % s .-a . a n d 2 % e x tr a ; J u ly
1908, 6 % .
R on d s.— F o r $5 0 ,0 0 0 ,0 0 0 m tg e . o f 1897, see a b s tr a c t In V . 64, p . 118 2. a n d
V . 66. p . 1140; V . 68, p. 1182; V . 73. p . 1264; V . 75. p . 290; V . 7 7 . p . 2035.
T h e $ 5 0 ,0 0 0 ,0 0 0 d e b e n tu re 4s o f 1903, d u e 1928, are to be se cu re d b y a n y
new m tg e . V . 77, p. 1747, 2035; V . 78, p. 48: V . 80, p . 1912.
In F e b . 1906 $ 3 5 ,0 0 0 ,0 0 0 o f 25-year 4 % b o n d s due 1931 o f an a u th o rized
Issue o f $5 0 ,0 0 0 ,0 0 0 w ere sold fo r Im pts.
V . 82. p . 392; V . 84, p . 996.
J o in tly w ith fo u r o th e r road s c o v e n a n ts to p a y $ 3 0 ,0 0 0 ,0 0 0 N . Y . C en tral
Lines 5 % car trusts o f 1907, the c o m p a n y ’s share o f e q u ip m e n t leased bein g
$ 6 ,7 0 8 ,3 9 3 .
V . 8 5 , p . 1402; V . 86. p . 168, 801 , 803: V 8 8 , p . 761 .
G U A R A N T I E S .—-A d d itio n a l gu aran ties n o t sh o w n a b o v e , see C h ica g o
In d ia n a A S o u th e rn , D e tro it H illsd ale A S. W . a n d F t. W a y n e A J a ck s o n .
G E N E R A L F I N A N C E S .— N o th in g has been ch a rg e d to c o n s tr u c tio n or
e q u ip , a c c t . sin ce 1883 e x c e p t $ 7 ,5 0 0 ,0 0 0 fo r n ew e q u ip . In 1906, the o u tla y s
ch a rged to o p e r a tin g e xp en ses fo r new e q u ip , a c c t . a m o u n tin g In 1907 to
$911,126 a n d In 1906 to $ 1 ,2 0 1 ,8 7 7 , and fo r c o n s tr u c tio n t o $ l,2 9 2 ,2 7 7 1 n
1908, a g ain st $4, *82,988, these Item s b e in g e x c lu s iv e o f e x p e n d itu re s for
ren ew als.
P ro fit a n d loss su rp lu s Jan . 1 1909. $ 2 1 ,5 1 5 ,8 6 8 . In J a n . 1907
$1 5 ,0 0 0 ,0 0 0 3 -y e a r 5 % n o te s w ere s o ld . V . 8 4 , p . 271 .
E A R N I N G S — 8 m o s ., 1100 9............ G ross, $ 2 8 ,4 6 2 , 83; n e t, $10 ,554 ,70 1
.Ian. 1 to A u g 31.
\ 1 9 0 8 -..........G ross. 2 4 ,8 0 5 ,7 (7; n e t,
8 ,3 7 6 .9 2 9
F or 6 m os. e n d in g Ju e 30 1909, n e t. $ 7 ,0 6 6 ,8 7 7 , agst $ 5 ,6 0 6 ,2 6 7 In
1908: o th e r in co m e , $2 ,1 2 4 ,1 9 8 ; to ta l d e d u ctio n s , $ 6 ,0 5 3 ,2 2 2 ; d iv id en d s
( 6 % ) , $ 2 ,9 6 7 ,0 9 0 ; b a l., s u r ., $16 9 ,8 6 3 .
A N N U A L R E P O R T fo r 1908 a t le n gth w as In V . 88, p . 742 , 763.
Y ear ending D ec . 31—
1908.
1907.
1906.
T o ta l gross e a rn in g s ___________________$ 3 9 ,9 6 4 ,8 5 8 $44,953 475 $42 ,544 ,37 8
O peratin g e x p e n s e s __________
2 8 ,0 0 4 ,2 8 8
34,538,401 32,0 7 5 ,8 0 1
N et earn in gs_________________________$ 11 ,060 ,57 0 $ 1 0 ,415 ,01 4 $ 9 ,8 6 8 ,5 7 7
N e t, Inclu din g o th e r In c o m e ----------------$ 1 6 ,6 5 3 ,2 3 7 $16 ,131 ,43 3 $ 1 4 ,022 ,08 2
R en tals p a id ___________________________
1,100,382
1,420,244
1,450,186
In terest on d e b t _______________________
0,388,641
5,9 4 9 ,0 0 9
4 ,5 0 3 ,2 9 4
T a x e s . , .......... ...............................................
1,424,201
1,300,875
1 ,4 3 8 ,6 4 0
D ivid e n d s on gu a ra n te e d s t o c k ...........
64,020
74,690
53,350
D ivid e n d s on c o m m o n s t o c k .............(1 2 )5 ,0 3 5 ,0 8 0 (1 4 )0 ,9 2 5 ,3 1 0 (1 0 )4 ,9 4 6 ,6 5 0
Surplus o v e r d iv id e n d s ......................... $1,740,013
$460,406 $1,5 3 9 ,9 6 2
— (V . 8 7 , p . 1605; V . 88, p . 231, 3 7 5 , 742, 763, 944; V . 87, p. 287.)
LAKE
S H O R E S Y ST E M — M A H O N IN G C O A L R R ,— O w ns fro m
Y o u n g s to w n to A n d o v e r , O ., a n d bran ch es, 72 m iles.
In D e c. 1907 p u r ­
chased a o n e -h a lf Interest In th e L ake E ric Y o u n g s to w n A S ou th ern an d
L ake Erie A E astern railro a d s, b u ild in g a b e lt an d s w itch in g line fro m
G irard to Stru th ers, reach in g fa cto rie s In Y o u n g s to w n , O ., an d v ic in it y .
Leased In p e r p e tu ity fo r 4 0 % o f gross earnings to L ake S h o re , w h ich
Jan . 1 1909 o w n e d $ 8 6 5,00 0 c o m m o n an d $30 9,50 0 p referred s t o c k .
D I V I D E N D S .— 1 ’ 9 1 . ’ 02. ’ 93. ’ 94. *95 t o A u g . ’ 06. ’ 0 7 . '0 8 . 1909.
On c o m m o n ________ J
4>$ 8>$ 8
8
10 y e a r ly .
12 12
12
T h e p referred s to c k certifica tes are 5 % gu a ra n te e d a n d co n ta in a cla u se
m ak in g them re d e e m a b le a t p ar a t o p tio n o f c o m p a n y .
Y e a r e n d in g D e c. 31 1908, rental an d o th er In com e, $75 4,01 5; surplus
o v e r Interest a n d 1 2 % on c o m . a n d 5 % on p r e f., $ 4 6 4 ,0 6 8 .— ( V . 8 3 , p .1 5 2 4 .)

RAILWAY STOCKS AND BONDS
O ot., 1909.]



R A IL R O A D S .
F o r exp la n a tion o f colum n headings, & c ., see notes
on fir s t page o f tables
Lake T a h oe R y & T r C o— 1st M g $500,000 s f b e g 100
L a n ca ster O x fo rd & S outhern— 1st M $200,000 g o l d .
L a n s in g M a n u fa ctu rers— 1st i t serial Interest re n ta l.
L aram ie H a h n ’ s P & P a c— 1st M $8,000 per m g .A B .c *
F irs t ref M $ 1 ,8 0 0 ,0 0 0 gold sink fund red 1 1 5 . _G .c~
T w o -y e a r c o u p o n n otes, $25 0,00 0 g o ld , r e d _______ c
L e a v en w orth T erm inal R y & B rid g e — 1st M g o l d - . C
L eh igh & H u d son R iv er— 1st M g o ld lnt red t o 5 % . C
i S econ d m ortg a ge g o ld _________________________________
, W a rw ick V a lle y first m o rtg a g e e x te n d e d In 1 00 0___
S econ d m o r tg a g e ___________________________________
L eh & H ud R lv gen M $ 3 ,0 0 0 ,0 0 0 g (see te x t) -C e .c
D eb en tu res $400,000 redeem 105 a fte r N o v 1 9 1 1 ..
E q u lp trust certs g old d u e $40 ,000 y e a r ly ____ P e P .
Lehigh & New England— 1st i t $ 1 ,0 0 0 ,0 0 0 g o l d - .F P
N o rth a m p to n 1st M g $30 0,00 0 g u ar red 1 0 5 -F P .c *
Leh igh & D elaw are first gen m tg e redeem able at 105
C on solid a ted m ortg a g e $ 3 ,0 0 0 ,0 0 0 gold call at 1 0 5 ..
G eneral m tge $ 7 ,5 0 0 ,0 0 0 g o ld red 1 0 2 * 4 ..G u P c *
E q u ip tr ser A g gu red 102 *4 d u e $30 ,000 y r l y .Q u P
Lehigh Valley— C o m m o n s t o c k ---------------------------------G P
F irst m o rtg a g e e x te n d e d In g o ld In 189 8___
S e c o n d m o r tg a g e ---------------------------------------------------------r
C on s olid a ted M lc o u p o n & reg $4,7 6 2 ,0 0 0 4 * 4s-C & rl
$40 ,0 0 0 ,0 0 0 1 -a n n u ity $2,5 3 8 ,0 0 0 are 4 *4s _ . F P J
G eneral c o n s o l m tge $15 0 ,0 0 0 ,0 0 0 g o ld ___ C iP .c’ &r
C ollateral tru st b on d s $1 9 ,0 0 0 ,0 0 0 see t e x t .G P .c * & r
E q u ip m e n t trusts Series C g o l d _________________ P eP
E q u ip m e n t tru sts g o ld Series D , last I n s t a llm e n t ..
do
g o ld Series G , last In sta llm en t___________
do
g o ld Series H , d u e $ 9 0 ,0 0 0 y e a r ly .............
do
g o ld Ser I , due $ 4 0 0,00 0 y rly (V 8 5 ,p 4 1 2 )
do
g o ld , due $ 2 5 0,00 0 s-a Series j . . U s m .c*
B on d s o f Controlled P ro p erties—
L eh igh & N Y 1st M g old gu ar p & 1______M p . c ' i r
L eh V a l o f N Y 1st M g old gu ar p & 1 (end) . Q P . c '& r
L eh igh & L ake Erie first m tge $ 3 ,000,000 g o l d ___
L e h igh Val T erm 1st M g gu a r p & I e n d ___ C e .c* & r

M ile s
of
Road
10
28
5
40

_
--3
42
63
15
22
63

_
_
_
15
_

A ll
All

D ate
of
B on ds
1901
1905
1905
1004
1907
1908
1893
1881
1887
1879
1881
1890
1907
1906
1895
1902
1904
1903
1008
1908

_
... ___
_ __
101
101

1

4611
834

_
_
_
_
_
_
...

11
283
31

1868
1870
1873
1873
1903
1905
1890
1899
1002
1905
1906
1907

1895
1890
1907
1891

S iz e, o r
Par
A m ou n t
V a lu e O utstanding

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a y a b le

$1,000
$300,000
A & O
5 g
100 &c
200 ,000
A & O
5 g
& J
1,000
J
75,000
5 g
& J
1,000
240 ,000
J
6 g
480 ,000
1,000
A & O
6 g
500 &c
250 ,000
J & D 15
6 g
& J
1,000
600,000
J
5 g
& J
1,000
800 ,000
J
5 g
& J
1,000
164,000
J
5 g
500 &c
145,000
4 *4 A & O
500 &c
6
240 ,000
A & O
1,000
1,320.000
5 g
& J
J
1,000
239,000
4
M & N
1,000
280 ,000
& D
4H g J
1.000
1 ,000,000
& J
J
5 g
1,000
300,000
& J
J
5 g
1,000
650,000
5
& J
J
1.000
1,380,000
5 g
A & O
1,000
750,000
A & O
4 g
1,000
& D
420 ,0 0 0
4*4 g J
50 4 0 ,3 3 4 ,8 0 0 6 In 1909 J
& J
50
106,300
& J
10
J
& D
1,000
5,0 0 0 ,0 0 0
J
4 g
1,000
6,0 0 0 ,0 0 0
7
M & S
A 1)
1,000 10,400,000 4 M & 6 J
& D
1,000 12,600,000 4 H & 6 J
1,000 &c 2 6 ,6 3 9 .0 0 0
M & N
4 g
1,000 16,500,000
F & A
4 g
& D
1,000
200 ,000
4*4 g J
1,000
300,000
4*4 g M & S
1.000
F & A
100,000
1,000 In treasury
F & A
4 g
1,000 In treasury
M & S
4 g
1.000
4 ,0 0 0 .0 0 0
4*4 g M & S
1,000
1.000

1.666

LAKE SUPERIOR & ESCANABA RR.— V. 89, p. 470.

2,0 0 0 ,0 0 0
15,000,000
3,000.000
1 0 .000.000

M
4 g
4*4 g J
4*4 g M
5 g
A

&

B on ds— P r in c i­
pal, W hen D u e
Stocks— Last
D ividend

M erc T ru st C o, San F ran
F arm ers T r C o, L a n caster
U nion T ru s t C o, D etroit
A m e r Loan & T r C o, B ost
L B a rn u m & C o .N Y & L o s A

O ct 1 1931
Apr 11935
J u ly 1 1 9 1 5 -3 #
J u ly 1 1929
O ct 1 1932
D e c 15 1910
C entral T ru st C o , N Y Jan 1 1923
) Irv in g N at E x ch B a n k l J u ly 1 1911
i N Y , and F irst N at 1 J u ly 1 1917
j B a n k , W a rw ick , N Y j J u ly 1 1911
1
I A p r 1 1912
J
1 J u ly 1 1920
Irv in g N at E x c h B k , N Y J u ly 1 1920
P h iladelph ia
Jun e 1 ’ 10-*16
108 S o u th 4 th S t, P h lla J u ly 1 1945
Jan 1 1952
do
do
J u ly 1 1954
do
do
O ct 1 1953
do
do
A p ril 1 1958
do
do
G uar T r & S D C o , P h lla T o Jun e 1 1923
July 1 1909 3 %
C h ecks m ailed
J u ly 1 1909 5 %
do
O ffic e , 228 S o 3d S t. P h il Jun e 1 1948
S e p t 1 1910
do
do
D e c 1 1923
do
do
Irred eem a ble
do
do
J P M o r g a n & C o .N Y & Phil M ay 1 2003
do
do
F eb ’ 1 0 -F e b ’ 3#
P h lla P en n Co fo r Ins, &c June 1 1909
P r o v L ife & T r C o . P h lla M ch 1 1910
P h ilad elp h ia
A u g 1 1910
P h ilad elp h ia

S J P M o r g a n & C o .N Y & Phil
do
do
J

&
& s
&

W here P a y a b le, and by
W hom

0 J P M o r g a n & C o .N Y & Phfl

M c h ’ lO -S e p t’ 17

M ar 1 1957
O ct 1 1941

T h e H a ze lto n C oal C o . (ch a rte re d In 1906) s to c k Is o w n e d a n d Its $ 2 ,0 0 0 ,­
000 first m o r t. 5s also o w n e d a n d g u a ra n te e d — see V . 64, p . 137.
In 1905
V . 8 1 , p . 1175; V . 8 3 , p . 702 .
p u rch a se d the h o ld in gs o f C o x e Bros. & C o .
T h e Coal C o . sh ip p e d fro m collieries o w n e d an d c o n tr o lle d 7 ,7 3 4 ,0 7 8 tons
o f an th ra cite coal In 1908-09, a g ain st 9 ,2 6 3 .8 9 9 to n s In 1 90 7-0 8; to ta l coa l
a n d c o k e to n n a g e , 1908-09, w as 1 3 ,2 7 3 ,1 3 6 .
D I V S .— \ ’88 t o '9 1 . ’ 92. ’ 93. ’ 94 t o ’ 0 3 . 1004. ’ 0 5 . ’ 0 6 . ’ 0 7 ’ 0 8 . 1909.
S ln ce '8 7 % J 5 y e a rly
5*4
4
N one
1
4
4
6 6
6
In 1907 to 1909 2 % a n d 1% e x tr a se m l-a n .
V . 8 4 , p . 102, 158, 1 5 5 1 .
B O N D S .— T h e g e n . co n s o l, m tg e . o f 1003 w ill secure $ 1 5 0 ,0 0 0 ,0 0 0 b o n d *
be a rin g n o t t o e x c e e d 5 % ln t ., c o v e r in g the en tire r o a d , th e s to c k ot the
L eh igh V a lle y C oal C o . a n d o th e r s to c k s o w n e d . O f th e b o n d s , $ 1 0 ,0 0 0 ,0 0 0
w ere Is-u able a t o n c e , $ 1 0 , 000,000 w ere reserved to retire car trusts an d
co a l-p u rch a se b o n d s, $96 ,0 0 0 ,0 0 0 to retire a t o r b e fo re m a tu rity o u ts ta n d in g
fixed o b lig a tio n s a m o u n tin g to $ 9 4 ,1 3 0 ,0 0 0 (Incl. the co ll, trust b o n d s , a n «
$2,0 0 0 ,0 0 0 co a l trust ctfs . o f 1902, w h ich w ere ca lled fo r p a y m e n t ), o n p a y ­
m en t o f w h ich the general co n so ls w ill be a first lien on all th e p r o p e r t y o f
the s y s te m , e x c e p t as to $ 1 2 ,6 0 0 ,0 0 0 a n n u ity b o n d s, w h ich a r e a perpetu al
charge; the rem ain in g $ 3 4 ,0 0 0 ,0 0 0 w ere Issuable a t n o t e x c e e d in g $ 2 ,0 0 0 ,0 0 0
a y e a r, o r s u c h larger a m ts , as m a y be a u th . b y sto c k h o ld e r s, b e g in n in g Ja n .
1906, fo r a cq u isitio n s, term in als, co a l p ro p e rtie s, e q u ip m e n t, & c. O ld
b o n d s m a y , h o w e v e r, b e e x te n d e d If n ecessa ry fo r n o t o v e r tw o yea r*.
LEAVENWORTH TERMINAL RAILWAY & BRIDGE.— O w n s h igh w a y P ro v is io n m a y be m ad e a t the tim e o f Issue o f b o n d s th e re u n d e r fo r the rig h t
an d railroa d b rid g e (o p e n e d J a n . 1 189 4 ), 1,110 f t . lo n g , o v e r M issouri R iv e r
t o c o n v e r t Into s to c k a t the pleasure o f the h o ld e r n o t o v e r $ 2 5 ,0 0 0 ,0 0 0 a t
at L e a v e n w o r th , ICan., a n d v a lu a b le term in al p r o p e r ty In th a t c it y . T h e
a n y o n e tim e .
V . 7 7 , p . 824 ; V . 7 8 . p . 287; V . 79, p . 1042; V . 8 2 . p . 1380;
m tg e. c on ta in s a s. f. p r o v is io n .
K ansas C ity S t. J o se p h & C. B . (C h ica g o
V . 86 , p . 1343; V . 88 , p. 1372. See p r o p e r ty c o v e r e d In V . 8 1 , p. 211.
B . & Q .) a n d C h ic. R . I . & P . use th e brid ge a t an a n n u al ren tal o f $16 ,000
T h e p u rch ase o f the s t o c k o f C o x e B ros. & C o . ($2 9 1 0 ,1 5 0 1 an d o f the
ea ch , u n d er a 3 0 -y ea r c o n tr a c t fro m 1894, a n d C h ic. G t. W estern fro m S e p t.
D elaw are S u sq u eh an n a & S ch u y k lll R R . ($ 1 ,5 0 0 ,0 0 0 ) In O c t . 1905 w as
1 1895 fo r 30 years; ren tal $14 ,2 5 0 .
F o r ye a r 1907-08 g r o s s ,, $46 ,224 ; n e t,
fin a n ced b y a n Issue o f $ 1 9 ,0 0 0 ,0 0 0 c o ll, tru st 4 % b o n d s, to be re tire d b y
$ 31 ,036 ; l n t . ,$ 3 0 ,0 0 0 ; b a l., s u r ., $ 1 ,0 3 6 . S to c k , $60 0 ,0 0 0 .— ( V . 69, p . 494 .)
$50 0 ,0 0 0 sem i-an n u al Installm ents b e g in n in g A u g . 1907 a n d se cu re d b y
e p o s it o f th ose
T
bon
s b je c t
t
LEHIGH & HUDSON RIVER RY. — O w ns fro m M a y b r o o k o n C en tral d e g in n in g A u g . s to c k s . o r h e the d s are o fu serial t ou calle as. a w h ole , ap . 102 *4
b
1 1912,
In
o rd e r
n m b rs
V . 81
1175
N ew E n gla n d R y . t o B elv ld e re , N . J .. on the P e n n . R R . . 75 m iles; tr a c k ­
1242, 1376; V . 8 2 , p . 100; V . 8 3 , p . 702; V . 81, p . 1428; V . 8 8 , p . 452.
age, S . E . & P . R R ., P h llllsp b u rg to E a sto n , 1 m .; tra ck a g e , P e n n . R R .,
G U A R A N T I E S .— E lm ira Cortland & N orthern R R .— T h is r o a d , w ith th*
B elvld ere t o P h llllp sb u rg , 13 m .; O n t. & W e s t ., B u rn side to C a m p bell
C a n a sto ta N o rth e rn , runs fro m E lm ira t o C a n a sto ta a n d C a m d e n . N . Y . .
H all, 2 m .; D . L . & W ., tra ck a g e , A n d o v e r J e t. t o P o r t M orris, N . J ., 8 m .;
140 m iles. S t o c k , $ 2 , 000 , 000 , Is o w n e d .
V . 62, p. 3 6 4 , 1177.
tota l o p e r a te d , 99 m iles. V . 7 9 , p . 269 . S t o c k , $ 1 ,3 4 0 ,0 0 0 ; p a r, $10 0.
Lehigh V a lley R ailw ay C o . o f N ew Y o r k .— O w n ed B u ffa lo , N . Y . , t o near
B O N D S .— O f the $ 1 ,3 2 0 ,0 0 0 g e n . m tg e . b o n d s o u t, $ 1 ,0 6 2 ,0 0 0 are gu ar.
S a y re , P a ., 175 m . d o u b le tr a c k , a n d b ran ch es t o Ith a c a , A u b u r n , & c ., 10#
Join tly p . an d 1. b y the C en tral H R . o f N . J. a n d L eh . Coal & N a v . C o.
An
m .; In all 281 m iles, c o v e r e d b y $ 1 5 ,0 0 0 ,0 0 0 m tg e . o f 1890, b u t In 1903 and
a d d itio n a l $ 1 ,3 5 0 ,0 0 0 are re served to take u p prior Hens an d $ 3 3 0,00 0 fo r
1905 c o n s o lid a te d w ith o th e r s u b . c o s . a n d In 1907 a b s o r b e d th e L eh igh A
ex ten sion s o r a c q u isition s c f co n n e c tin g ro a d s .
In M a y 1908 perm ission
L a k e E rie; to ta l m ileage n o w Is 501 m iles.
S to c k , $ 1 1 ,2 0 0 ,0 0 0 , all o w n ed
w as g iv en t o Issue $ 2 1 0,00 0 a d d itio n a l b o n d s, b u t n on e w ere Issued to
b y Leh igh V a l. R R ., w as In Ju n e 1907 a u th o r iz e d to be Increased to $ 1 3 ,5 4 3 ,­
D e c . 1908. V . 86, p . 1285. See fo rm o f g u a r a n ty , & o., In V . 67, p. 788 ;
00 0 , o f w hich $1 1 ,5 4 3 ,0 0 0 Issued.
M ortg age a b s tr a c t, V . 51, p . 114; V . 7 7 ,
also V . 85, p . 1513.
E q u lp t. trust 4 *4s, V . 8 3 , p . 96. O n Ja n . 29 1909
p . 147, 972; V . 8 1 , p. 784 ; V . 83, p . 38; V . 84, p. 1366.
w as au th oriz ed to Issue 8 n o te s fo r $13,072 each In p a rt p a y m e n t fo r 12
L ehigh V a lley T erm in a l R a ilw a y .— O w n ed d o u b le -tra ck ro a d fro m S ou tk
fre ig h t lo c o m o tiv e s .
V . 8 8 , p. 375 .
P lain field, N . J ,, t o Je rse y C ity , w ith a b o u t 125 acres a t J e rse y C ity a n d a
E A R N I N G S .— 9 m oR .,f 190 8-0 9...............G ross, $90 5,62 6; n e t, $228,088
large w ater fr o n t th ere, & c.
M erged In A u g . 1003 w ith o th e r s u b . c o * .
J u ly 1 to M ch . 31.
(1 0 0 7 -0 8 ............... .G r o s s ,
045 ,469 ; n e t,
108,547
In L . V . o f N . J ., h a v in g a to ta l m ileage ot 119 m ., Its $ 1 2 ,5 0 6 ,0 0 0 o u t ­
D e ficit a fter ch arges, $241, a gain st d e f. $3,874 In 1907-08. .
sta n d in g s t o c k ($ 7 ,9 2 7 ,0 0 0 a d d itio n a l In treasury) b e in g all o w n e d b y
A N N U A L R E P O R T .— F o r years en d in g Ju n e 3 0 , V . 87, p . 1415. C o m ­ L eh igh V a l.R R . V .7 7 , p . 972; V . 53. p . 640 , 880: V .8 1 , p . 784 ; V .8 3 . p . 7 0 3 .
M o r ris C a n a l.— L eased fo r 999 years a n d d iv id e n d * g u a ra n te e d .
B on d s
p arison w ith 1907-08 figures Is In accurate, o w in g t o ch anges In a c c o u n tin g .
all o w n e d b y L eh igh V a lle y . See V . 50, p . 137.
Y ea r end. J u n e 30—
G ross.
N et. I n t ., T a x es, & c.
B a lan ce.
P e n n sy lva n ia A N ew Y ork C anal A R a ilroa d .— L eased fo r 99 years fro m
1908-09 .......... ..................... $1,2 5 1 ,3 1 6
$382,660
__________
. . .
D e c. 1 1888 t o L eh igh V a lle y , w h ich has a ssu m ed Its d e b t a n d ow n s all Its
851 ,519
243,996
268,776
d e f.2 4 ,7 8 0
1 9 0 7 - 0 * --------------------------s t o c k . T h e c o n so ls In clu de $ 4 ,0 0 0 ,0 0 0 o f 5 p er c e n ts , $ 3 ,0 0 0 ,0 0 0 mt
L ew is A . RU ey, P r e s .. P h ila d e lp h ia , P a .— (V . 8 8 , p . 375 .)
4*, $ 1 ,5 0 0 ,0 0 0 o f 4*4s.
V . 62, p . 950.
LEHIGH & NEW ENGLAND RR. — O perates r o a d fro m S la tln g to n , P a .,
Consolidated R eal Estate C o .— See V . 7 8 , y . 1223; T . 7 9 , p . 1271; V . S3,
t o C a m p b ell H all, N . Y . , 95 m „ B ethlehem to B a n g o r, P a ., 31 m .; B a th to
p . 70 2 . T o Ju n e 30 1909 n on e had been Issued.
M a rtin ’s C reek, P a ., 20 m .; bra n ch e s, 32 m .; to t a l, 178 m ., o f w hich tw o s e c ­
S eneca C ou n ty R y ., $ 5 0 0,00 0 gu a ra n te e d b o n d s; n on e Issued Ju n e 3#
tio n s , agg reg a tin g 35 m .. a rc tra ck a g e , le a vin g 143 m . o w n e d .
V . 79, p.
1909. See V . 7 9 , p . 1271.
264 2.
L eh igh Coal & N a v ig a tio n C o . ow n s c o n t r o l. V . 7 8 . p . 1 7 8 1 , 1 9 6 2 .
T h e Leh igh & L a ke E rie m o rtg a g e ($ 3 ,0 0 0 ,0 0 0 ) c o v e r s 11 m iles d o u b le tra ck term inal ro a d a t B u ffalo o p e n e d la te In 1907. V . 8 1 , d . 211; V . S3,
S E C U R I T I E S .— S t o c k , $ 1 ,0 0 0 ,0 0 0 ; par, $50. O f th e generals o f 1908
p . 702 . T h e road Is leased fo r 999 y e a rs. V . 8 4 , p . 1248; V . 8 5 , p . 413;
($ 7 ,5 0 0 ,0 0 0 ), $ 1 ,2 0 0 ,0 0 0 w ere Issued to retire flo a tin g d e b t Incurred fo r
V . 8 7 , p . 817 , 818 .
Im p rov em en ts, $ 1 0 0,00 0 t o retire L eh igh & L a ck a w a n n a b on d s m atu rin g
D e c. 1 1908, $ 3 ,2 5 0 ,0 0 0 reserved t o retire rem ain in g u n d e rly in g bond s
E A R N I N G S .— 2 m o s ., 11909 _______G ross, $ 5 ,6 8 0 ,7 0 9 : met, $ 2 ,2 0 4 ,3 1 3
an d $ 2 ,9 5 0 ,0 0 0 fo r fu tu re re q u ire m e n ts. Car tru sts, g u a r, b y L eh igh Coal
J u ly 1 to A u g. 31.
\ 1908............... G ross, 5 ,3 0 0 ,* * 4 ;j n e t. 1,941,05#
& N a v . C o ., V . 86, p . 1343, 1409.
A N N U A L R E P O R T .— F iscal y e a r ends Ju n e 3 0 . T h e r e p o r t fo r 190#E A R N I N G S .— F o r y ear e n d in g Ju n e 30 1909 (132 m ile s ), gross, $77 7,06 1:
09 w as g iv e n In V . 89, p . 838 , 85 1 , 914 . S ee also e d ito ria l, p . 812 .
C om ­
n et, $ 2 6 0 ,6 2 8 : ch arges, $ 27 3,01 2; b a l., d e f., $ 1 2 ,3 8 4 .
P res., W . A . L a th parison s w ith o p e r a tin g e x p e n s e s , n e t earnings an d “ o t h e r In c o m e ” In
r o p ; V .- P . a n d G en. M g r., R o illn H . W ilb u r; V .- P . an d G en. C ou nsel, W m .
1906-07 so m e w h a t In a ccu ra te , o w in g to ch an ges In a c c o u n tin g .
J a y T u rn er; S ec. an d T r e a s ., H . F . B a k e r.— ( V . 8 6 , p . 1343, 1409.)
R evenue from O p e ra tio n —
190 8-0 9.
1907-08.
1006-07.
LEHIGH VALLEY RR. — (S ee M a p . ) — Jersey C ity , N . J ., o p p o s ite N . Y . C oal freigh t r e v e n u e -------------------- — $14 ,8 3 1 ,6 7 1 $ 1 0 ,1 7 5 ,2 8 0 $1 5 ,2 7 0 ,2 1 4
C ity , t o B u ffa lo , N . Y . , 450 m iles, w ith b r a n c h e s , v iz .: (*S ee these co s.)
M erch andise fre ig h t r e v e n u e --------------- 13,291,831
1 4 ,011,302
14,864,262
H I S T O R Y , & c.— In 1901 th e E rie, L a ck a w a n n a , C en tral o f N ew Jersey,
P assenger r e v e n u o ------------------------------3,9 0 5 ,0 0 3
4 ,1 5 9 ,8 9 0
4,3 2 6 ,1 1 #
R e a d in g a n d V a n d e r b ilt Interests en te re d th e d ir e c to r y , b u t In 1908 the
M all, e x p re ss, 6cc............... - .............. .......
1,109,208
1,163,082
1,060,852
Erie a n d oth er h old in gs w ere re p o r te d as s o ld .
V . 7 2 , p . 137, 391; V . 86,
p . 228; V . 8 7 , p . 1533. T h e R e a d in g C o. o n Ju n e 30 1909 o w n e d $1,0 0 0 ,0 0 0
T o ta l o p e r a tin g r e v e n u e ......................$ 3 3 ,137 ,83 2 $ 35 ,510 ,15 4 $3 5 ,5 2 1 ,4 4 7
an d th e Cen tral R R . o f N ew J e rse y $ 1 ,6 0 0 ,0 0 0 s t o c k , b u t In S e p t. 1909 It O p e ra tin g e x p e n s e s ...................................... $ 2 0 ,5 7 5 ,7 3 6 $2 2 ,3 1 2 ,0 3 6 $21 ,967 ,33 1
w as r e p o r te d the sam e w as s o ld . V . 81, p . 971; V . 8 9 , p . 7 7 8 ., F o r list o f
T a x e s ........................
1 ,079,376
1,122,807
885,90#
secu rities o w n e d see V . 66, p. 187.
In O cto b e r 1905 the en tire c a p ita l s to c k o f C o x e B ro s. & C o ., o w n in g e x ­
O p eratin g I n c o m e ......................................... $11 ,4 8 2 ,7 2 0 $1 2 ,0 7 5 ,2 5 0 $1 2 ,0 0 8 ,2 0 7
ten sive co a l p rop erties In L u zerne a n d C a rb on c o u n tie s . P a ., a n d o f the
O th er In c o m e ..................................................
704 ,5 8 0
1 ,629,350
1,014,991
D elaw are S u sq u eh an n a & S ch u y k lll R R ., e x te n d in g fro m D rlfto n to
G o w e n , P a ., 31 m iles, w ith bra n ch e s, 17 m iles, w ere a cq u ir e d .
See
T o t a l in c o m e .............................................$ 1 2 ,1 8 7 ,3 0 0 $ 1 3 ,7 0 4 ,0 0 0 $14 ,2 8 3 ,1 9 8
" F in a n c e s ” b e lo w .
V. 8 1 , p . 1175. 1242, 1376; V . 8 2 , p . 100; V . 8 3 , p . 702 .
In te re st o n b o n d s , & c ............................... $ 3,789,903
$ 3 ,7 4 5 ,1 2 8 $3,065,503
2,3 1 0 ,4 7 3
2 ,3 1 6 ,4 7 3
2 ,200,473
R e n ta ls a n d g u a r a n tie s _______________
F e e or E n tir e Stock Owned—
A f ties.
M iscellaneous d e d u c t io n s ______________
237,001
272 ,425
323,67#
M ile s . L eh igh & N . Y . , P a . S tate line
A d d itio n s a n d b e tte r m e n ts ___________
582,043
1,775,264
2,0 6 8 ,5 9 0
B u ffa lo , N , Y . , t o S a y re , P a ___
181
115
to N o . F a ir H a v e n , N . Y __
W ilk e s -B a r r e , P a ., to Jersey
O t h e r __________________
79
T o t a l d e d u ctio n s fro m In c o m e ____ $ 6 ,9 2 6 ,1 4 0
$ 8 ,1 0 9 ,2 9 0 $8,2 5 8 ,2 4 5
C ity . . .
174 L eased— S ta te L in e & S u lliva n ,
E lm ira C ortla n d &N o r * _______
139
e t c _______ ______ ______________
*28
N et I n c o m e ................................................ $ 5 ,2 0 1 ,1 6 0
$ 5 ,5 9 5 ,3 1 0 $ 6 ,024,983
B r a n c h e s ________________________
544 Trackage t o S u sp . B rid g e , & c -_
47
L e h igh V a lle y C oal C o . net I n c o m o ..
375,452
388 ,6 0 6
111,250
P a . & N . Y .,W ilk e s -B a r r e t o Pa.
S ta te line (w ith 43 m iles
T o ta l Jun e 30 190 9__________ 1,441
T o ta l net In c o m o ..................................... $5,0 3 0 ,0 1 2
$ 5 ,9 8 3 ,9 1 0
$ 6,136,204
bran ch es) ____________________
140 S e co n d t r a c k ____________________
58 8
D iv id e n d s on preferred s to c k ( 1 0 % ) . _
10,030
10,030
10,630
C O A L P R O P E R T Y . — T h e L eh igh V a lley R R . C o. o w n s e x te n s iv e c o a l
D iv id e n d s o n co m m o n s t o c k ............... (6 )2 ,4 2 0 ,0 8 8 (0 )2 ,4 2 0 ,0 8 8 (5 )2 ,0 1 0 ,7 4 0
la n d s and all th e ($ 1 ,9 6 5 000) s to c k o f th e L eh igh V a lle y Coal C o. ( V . 81 p.
1 7 2 6 ). A n n u al rep ort fo r 1908-09 In V. 8 9 , p. 81 5 .
B a la n ce , su rp lu s..................................... 3 ,2 0 5 ,8 9 4
3,5 5 3 ,1 9 8
4,1 0 8 ,8 3 4

LAKE SUPERIOR TERMINAL & TRANSFER CO.— O w n s 10 m iles o f
track u sed fo r tran sferrin g cars b etw een th e d e p o ts a n d tra ck s a t W e s t
S u p erior, W is ., o f the p r o p r ie ta ry c o m p a n ie s, v iz .. N orth ern P a cific , C h ic.
S t. P a u l M inn. & O m a h a an d D u l. S o u th S h ore & A t l., w h ich ow n s $11 9,40 0
s to c k ($ 1 ,2 0 0 ,0 0 0 a u t h .).
O n A p ril 1 1909 the $ 1 9 5,00 0 6 % b o n d s w ere
r etired .
D . M . P h llb ln , P r e s ., W e s t S u p erior, W Is.— (V . 8 8 , p . 883.)
LAKE TAHOE RY. & TRANS. CO.— See “ S ec ” A p r . ’ 0 6 .— ( V .8 6 ,p .3 3 7 .)
LANCASTER O X F O R D & SOUTHERN R R See p a ge 171.
LANSING MANUFACTURERS’ R R — See V . 8 1 , p . 1375; V . 8 2 . p.1692.
LARAiMIE HAHN’ S PEAK & PACIFIC RY. — O w ns fro m L a r a m ie ,W y o .,
to A lb a n y , W y o ., 40 m iles.
E x te n sio n under co n s tr u c tio n fro m A lb a n y to
H e b r o n , C o lo ., 68 m ., o f w h ich 15 m . b e in g gra d e d M arch 1909. S to ck
a u th o riz e d , $ 9 ,0 0 0 ,0 0 0 c o m m o n ; p re fe rre d 6 % n o n -c u m u la tlv e , $1,0 0 0 ,0 0 0
a u th oriz ed ; p ar o f sh ares, $10.
(See V . 77, p . 82 4 .)
In D e c. 1907 the re­
fu n d in g 6s ($ 1 ,8 0 0 ,0 0 0 a u th o rize d Issue) w e re o ffe r e d , $24 0,00 0 b ein g
reserved t o retire the first 6s a n d also an a m o u n t su fficien t t o retire the
$25 0,00 0 6 % notes; th e y are s u b je c t t o call a t 115 fo r a sinking fu n d o f at
least $50 ,0 0 0 y e a r ly , begin n in g 1912. V . 8 5 , p . 1646; V . 8 8 , p . 1061. P re s.,
F red . A. M iller, L a ra m ie, W y o .— (V . 8 5 , p . 1646; V . 8 8 , p . 1061.)




O ct .. 19«9.|

RAILWAY STOCKS AND BONDS.

a




R A IL R O A D S
F o r explan ation o f colum n headings, A c . , see notes
on first page o f tables

M ile s
of
Road

D a te
of
Bonds

S ize, or
Par
V a tu e

I N T E R E S T OR D I V I D E N D S
Am ount
O utstanding

L eh igh Valley— (C oncluded) —
E a ston A A m b o y 1st M E a ston to P e rth A m b o y gu
6 ,000,000
60 1880
1,000
51,000
12 1895
500 &c
E a ston A N or 1st M g old gu ar b y Leh V a l_ G P .c * A r
211,000
M id d lesex V a lle y first m tge 5600.000 g o ld ____ C e .c
22 1892
1,000
P en n A N Y C a n A R R — C on s g u (t e x t )p A l(en d ) - Q P .r
1888
1,000
8,5 0 0 ,0 0 0
119 1884
750 ,000
E lm ira C ortlan d A N orth first p re f m tge g o ld - -C e .c*
1,000
119 1884
1,000
1,250,000
F irst m ortg a g e gold gu aran teed p A 1 (e n d )___ Ce
M orris Canal s to c k 4 % guaran teed 999 y e a r s _______
100
706 ,700
100
903 ,600
P referred s to c k 1 0 % gu aran teed 999 y e a r s _______
L eh igh V al Coal C o— S now S hoe 1st M n o t g u .Q P .r
342.500
1884
500
1,000 10,114,000
L V Coal Co 1st M 5 12 ,000 ,00 0 g s f n o t d r a w n .c * & r
1892
1892
1,000
1 ,400,000
do
Interest r e d u c e d ___________________________
D ela n o L ’ d 1st M gold guar s f 530,000 y e a r ly ___ G P
1,000
1 ,082,000
1891
200,000
W y o m in g V a lley Coal con sol (n o w 1 st m ortg age)
1,000 In treasu ry
1906
C on sol R eal E state first m tge 52,6 0 0 ,0 0 0 g u a r -U s m
850,000
1895
1,000
L e x in g to n & E a st— 1st M g e x t In 1901 red 1 0 2 -_ C c .c *
92 1895 1,000 A c
1,500,000
G eneral m ortg a g e g o ld ____________________________ N .r
388 ,000
100
L e x in g to n U nion Station — P referred s to c k (see t e x t ) .
12
1,000
400 ,000
Lim e R o c k — C on solid a ted r e fu n d in g m o rtg a ge g o l d - 1,000,000
44 1904
1,000
L itch ficld & M a d ison — -First m tge 5 1 ,0 0 0 ,0 0 0 g --------1903
100 A c
250,000
L ittle Falls & D o ig c v illc — F irst m tge 525 0,00 0 g o l d - ­
._
50
4,9 4 3 ,1 0 0
L ittle M iam i— S to c k co m gu ar 8 % 99 yrs P C & S t L
50
3,5 1 6 ,4 0 0
S pecial gu aran teed b e tte rm e n t s t o c k ________________
84 1882
1,000
1,500,000
R e n ew a l m o r tg a g e ____________________________________ c
53 1899
1,000
1,140,000
L ittle R o c k & H ot Sp W e s t — 1st M g gu p & 1 e n d -S S t
32
50
2 ,487,950
L ittle Schuylkill Nav. R R & C oal— S to c k (rental guar)
268,703
L o n g Isla n d— S econ d (now first) m o r tg a g e --------------- c*
155 1878
100 A c
156 1881
1,000
C on solid ated m ortg a g e (gold ) (5 3 ,6 1 0 ,0 0 0 are 5 s ).C e
4 ,7 3 1 ,0 0 0
1,000
G eneral m ortg a ge g o ld __________________________C e.c*
163 1888
3,0 0 0 ,0 0 0
L o n g Island R R m tge o n fe rry fo r 5 2 ,7 5 0 ,0 0 0 g.C e c*
1,000
1892
1,494,000
1,000
Stew art Line m ortg a ge o f 1932 fo r 5500,000 g o ld .C e
18 1892
332 ,000
1,000 a l . 135.000
' D e b en tu re (51.500.0d 0) g o ld n o t s u b je c t to c a ll____
1894
1,000
N ew Y o r k A F lu sh in g first m o rtg a ge assum ed . . C e
125.000
2 1880
1,000
B r o o k ly n A M on tau k 1st M (5250,000 are 6s) . C e . c ’
76 1881
1 ,000.000
1,000
600 .000
S econ d M g assum B us S ta to E a stp A b rs _ _ C c.c*
76 1888
1,000
600,000
L o n g Island C ity A F lushing first m tge a s s u m e d ..c *
12 1881
1,000
650.000
19 1887
C on solid ated m ortg age gold a s s u m e d _______ C e.c*
1,000
___
N ew Y o r : B a y E x ten sio n 1st M a s s u m e d ____
nlOO.OOO
6 1893
n In hands o f n ub ile- total Issued sh ow n In le ft-h a n d colu m n ; bala nee unde r u nified m o

R ate
%
5
4H g
5 g
4, 4 A . 5
6 g
5 g
4
10
5
5 g
4 g
5 g
6
4
5 g
Sec t e x t
4
4 g
5 g
3 g
8 2-5
4
5
4 g
5 g
7
4 & 5 g
4 g
4A g
4 g
5 g
6
5 & 6 g
5 g
6
5 g
5
rtgage

W hen
P a yable
M &
M A
M &
&
A
A &
A A
F A
F A
A
J
A
J
A
J
.1
A
J
A
F A
A
J
F
A
A
J
.T &
5
M <g
A
J
Q-— M
O -M
M A
A
J
A
J
F A
;>—
A
J
M A
A
J
A
J
M A
M A
A
J
M A
M A
A
J

N
N
N
O
o
o
A
A
J
J
.1
J
,l
A
J
A
J
J
N
J
10
10
N
J
J
A
I
D
S
D
D
S
S
l)
N
N
J

W here P a y a b le, and by
W hom
O ffic e . 228 So 3d S t, P h il
do
do
P h iladelph ia
Leh igh V a lle y R R , P h lla
do
do
do
do
O ffic e , 228 S 3d S t, P h lla
do
do
P h iladelph ia
J P M o r g a n A C o .N Y A Phil
do
do
P h iladelph ia
J K T o d A C o, N ew Y o r k
See te x t
O ffic e , L e x in g to n , K y .
P o r tla n d , Me
C entral T r . C o ., N . Y .
A m er E x ch N at B k , N Y
O ffic e , F o s d lc k B ld g , Cln
B ank o f A m e rica , N Y
St L ou is and P h iladelph ia
O ffic e , 410 W a ln u t ,P h lla
U S M tge A T ru s t C o .N Y
do
doA L on
do
do
do
do
do
do
do
doA L on
do
do
do
do
do
do
do
do
do
do
U S M tge A T ru st C o ,N Y

B on d s— P r i n c i ­
pal, W hen D u e
S tocks— L ast
D ividend
M ay 1 1920
N o v 1 1935
N o v 1 1942
A p r 1 1939
A p r 1 1914
A p r 1 1914
Aug
1909 2 %
Aug
1909 5 %
Jan 1 1910
Jan 1 1933
Jan 1 1933
Jan 1 1932
J u ly 1 1917
F e b 1 1956
J u ly 1 1911
Feb 1 1935
J u ly 1 1909 2 %
J u ly 1 1929
N o v 1 1934
J ly 1 1932
S ept 10 1909 2
S ep t 10 1909 1
N ov 2 1912
J u ly 1 1939
J uly 1 5 1909 2 A
A u g 1 1918
J u ly 1 1931
June 1 1938
M ch 1 1922
Jun e 1 1932
June 1 1934
Mch 1 1920
M ch 1 1911
June 1 1938
M ay 1 1911
M ay 1 1937
Jan 1 1943

LON G IS L A N D R R ,— O perates th e ste a m su rfa ce ro a d s o f L o n g Isla n d .
P r e s .. E. B. T h o m a s, 143 L ib e rty S t ., N . Y .; A sst, to P res., L . I). S m ith :
O w n s—
M ile s .]
L ea ses— ( * W h ich see.)
M ile s .
1st V . - P . , J . A. M id d leton ; G en. M gr., J . A . M cG uire: T re a s ., J . M. B axter:
L on g Island C ity to G re e n p o r t
95 |N. Y . A R o c k a w a y B ea ch R y * - . 12
S e c ., D. G . B a ird, 228 S o . 3d S t ., P h ila d e lp h ia : E x e cu tiv e C o m m itte e :
5
L o n g Island C ity t o M o n ta u k ____ 1 1 5 1Ja m a ica A S o .S h o r c ( V .7 8 ,p .l 0 2 )
C h airm an , E b en B . T h o m a s: G eo. F . B a k e r, E . T . S to te s b u r y , Charles
S u n d ry b r a n c h e s _________________ 106 N . Y . B ’ k ly n A M a n , B e a c h * —
18
S teele, P . A . B . W ld e n e r a n d G eo. F . B aer.
D ir e c to rs — E d w ard T . S to te s b u r y , S. P . W o lv e r t o n , A lfred C. H arrison ,
T o ta l D eo. 31 1 90 8..........................391
T o ta l o w n e d (V . 7 7 , p . 2 0 9 8 ). .3 1 6
G eo. H . M c F a d d e n , Charles S teele, Irv in g A . Stearn s, A b ra m N e s b itt,
O p era ted e le ctr ic a lly _______________ 45
L eases—
P . A . B . W ld en er, G eo. F . B a ker. E. B . S m ith , G eo. F . Baer an d R o b t . C.
N assau E lectric R R _______________ 10 D o u b le t r a c k _______________________ 127
L lp p ln c o t t .— (V . 88 , p . 1372, 1437; V . 89, p. 778, 83 3 , 351, 914 .)
N orth Shore B ran ch R R _________ 30
A lso ow n s th rou gh the L o n g Island C on solid ated E le ctrica l C om p a n ies
^ L E X I N G T O N & EASTER N R Y . — O w ns fro m L e x in g to n , K v ., t o J a c k ­
the H u n tin g to n R R . , N o rth p o rt T r a c tio n , N assau C o u n ty R y . an d O cea n
s o n , K y ., a b o u t 92 m iles. S to c k , 550 0,00 0; par, 5100.
R e o rga n ize d
E le ctric R y ., h a vin g a co m b in e d m ileage o f 26 'A m iles. In clu din g th e 15 A w ith o u t foreclosu re In 1901 p er p lan V . 73, p . 663.
m lle cross-islan d line fro m H u n tin g to n to A tn lty v ille , o p e n e d S ep t .1909.
B O N D S .— T h e 1st m tg e . 5s w ere e x te n d e d a t sam e rate o f ln t. t o J u ly 1 V . 89, p. 593
1911, the c o m p a n y h a v in g th e rig h t t o call and redeem all or a n y o f them a t
T h e P en n . R R . Is b u ild in g an u n d e rg ro u n d tu n n el (e le c tr ic ra ilr o a d )
102 an d ln t.
A ll ln t. on the gen . m tg e . b o n d s w as w a iv e d t o A u g . 1 1901.
fo r passenger serv ice from Jersey C ity u n d er th e H u dson R iv e r t o a cen tral
ln t. thereafter to be p a id In cash F eb . an d A u g . 1, as fo llo w s: 2 % ye a rly
p assenger sta tio n at 3 3 d S t. and 7th to 10th av en u es, an d th en ce u n d e r the
fo r 5 years, then 3 % for 5 years an d 5 % y e a r ly th ereafter t o m a tu r ity .
D e­
E ast R iv e r to a c o n n e c tio n w ith L o n g Isla n d R R . , a n d thus w ith N . Y .
ferred d eb en tu res will be Issued fro m tim e to tim e fo r b a l. o f the ln t. n o t paid
N . H . A H . R R to b e co m p le te d In 1910: see V . 74. p 830; V. 75, p . 1203;
In cash on the gen . m tg e. b o n d s a c c r u in g a fte r A u g . 1 1901, su ch d eb en tu res
V . 8 4 , p . 931 . A s to Im p ro v e m e n ts, see V . 8 4 , p . 1 5 5 2 ; V . 8 7 , p . 813; V . 8 9 ,
(5 375,000 e v en tu a lly ) bein g p a y a b le w ith o u t ln t. w h en ever the c o m p a n y
p . 666.
shall d ecid e (eith er In cash o r b o n d s ), o r shall p a y d iv id e n d o n s to c k .
S T O C K .— 5 1 2 .0 0 0 ,0 0 0 p a r. 550; o f w h ich P e n n . R R . ow n s $ 6 ,7 9 7 ,9 0 0 .
D I V I D ’ S .— 11882 1883 to 1890 1891 1892 1893 1894 1895 1896 N on e
E A R N I N G S .— 2 m o s .,] 1 9 0 9 . . . ................. .G r o s s , 577,344; n e t, 518,667
P r c e n t .......... ; t
4 y e a rly
4A
5
5
4H
4
4
sin ce
/1 9 0 8 .........................G ross, 72,689; n e t, 19,166
(J u ly 1 t o A u g . 31.
B O N D S .— T h e r e fu n d in g 4s of 1903 ($ 4 5 ,0 0 0 ,0 0 0 a u th o r iz e d Issue) are s e ­
Y e a r en d in g Jun e 30 1909. gross, 5 41 2,62 6; net o v e r ta x e s , 552 ,736 ;
cu red b y a lien on the enttro r o a d , s u b je c t to the 5 2 2 ,5 9 2 ,0 0 0 o u ts ta n d in g o ld
o th e r Incom e, 518 ,816 ; ch arges, 5 13 8,27 1; d e ficit, 566 ,7 1 9 .
P re s., A rth u r
b o n d s , to retire w h ich an equal a m o u n t Is reserved ; rem a in d er, $ 2 2 ,4 0 8 ,­
C a ry , L e x in g to n , K y .— (V . 76, p . 542.)
000 , gu ar, as t o p rln . an d ln t. b y tho P en n . R R ., w ere s o ld , th e p r o c e e d s to
be used fo r va rio u s Im p ro v e m e n ts an d a d d itio n s In c o n n e c tio n w ith th e
LE XI N GT ON UNION STATION CO.— O w ns passenger s ta tio n at
P e n n sy lv a n ia tunnels t o an d th rou gh N ew Y o r k C ity , p r in c ip a lly fo r a d d i­
L e x in g to n , K y ., o p en ed J u ly 1907.
tion al term inal facilities a t B a y R id g e an d L o n g Island C ity an d fo r a d o u b le ­
C om m on s t o c k . 5 1 5 ,0 0 0 , o w n e d e q u a lly b y L o u ls v . A N a s liv ., Clies. &
track c o n n e c tio n w ith the N ew H aven ro a d for a d d itio n a l freigh t an d p a s ­
O h io a n d L e x in g to n A E a stern . T h e re w ill be Issued 5500,000 o f th e 4 %
senger term in als, track s, e q u ip m e n t, an d t o retire o ld b o n d s . V . 7 8 , p .
cu m u la tiv e (n o n -v o tin g ) pre fe rre d s t o c k , se cu re d b y m o r t .,a n d ren tals paid
583, 1549; V . 79, p . 2796; V . 80, p . 1111: V . 8 1 . p . 211; V . 8 2 . p . 868 .
b y a b o v e -n a m e d roads on basis o f passenger cars. P r e s ., W . A . M cD o w e ll;
D ue P e n n sy lv a n ia R R . D e c. 31 1908 fo r a d v a n c e s . 5 6 ,1 4 4 ,2 4 9 .
S ecreta ry and T rea su rer, A . M itchell Jr.
P e n n sy lv a n ia C o. D ec. 31 1908 ow n e d $ 2 ,6 0 0 ,0 0 0 4 % e q u ip , c tfs .
T h e un ified mortgage I.s lim ited t o the a m o u n t n o w o u ts ta n d in g .
B on d s
LIME ROCK R R. — O w ns r o a d In an d aro u n d R o c k la n d . M e ., 1 1 m .:
are s u b je c t t o call a t 110 In w hole or In p a rt on a n y Interest d a y .
V . 68,
tra ck a g e , 1 m .; t o ta l, 12 m .
S t o c k , 545 0 ,0 0 0 ; c o n tr o lle d b y th e R o c k la n d p. 618 . M tges. on real esta te, $ 1 ,9 6 9 ,9 1 7 .
V . 70, p . 266; V . 85, p . 160.
R o c k p o r t L im e C o. o f M aine. V . 82, p . 1380. D lv . In 1905-06, 5 % ; 1906­
In A u g. 1909 a u th o r ity w as asked to Issue n o t o v e r $ 1 6 ,5 0 0 ,0 0 0 10 -y ea r
0 7 , 5 % , o f w h ich 3 % fro m a cc u m u la te d surplus; 1907-08, 2 A % .
Y ear
4 % d eben tu res, o f w h ich a p o rtio n t o be Issued to reim bu rse the P e n n s y l­
en d in g June 30 1908, gro ss, 5 72 ,354 ; n e t, 528 ,256 ; o th e r In com e, 53,945;
va n ia R R . fo r a d v a n ce s agg re g a tin g 50,0 3 2 ,9 5 2 o n a c c o u n t o f v a riou s
Interest and ta x e s , 520,115; d iv id e n d (2 l % ) , 511 ,250 ; b a la n ce , su rplu s,
A
Im p rovem en ts d u rin g 1905 to 1908, th e rem a in d er t o c o v e r a d d itio n a l
583 6. O ffic e , R o c k l a n d .— ( V . 82, p . 1380.)
a d v a n ce s fo r co n s tr u c tio n , Im p ro ve m e n ts an d new e q u ip m e n t, u p o n w h ich
LIT CHF IE LD & MAD ISO N R Y . — O w ns L itch fie ld J et. to M adison , 111.,
a con sid era b le sum w ill be spen t In the n e x t three yea rs.
V . 8 9 , p . 529.
44 m .; tra ck a g e, 1 m .; to t a l, 45 m . S t o c k , c o m m o n , 550 0,09 0; p r e f., 4 %
G U A R A N T I E S .— In a d d itio n t o gu aran teed b o n d s In table a b o v e , g u a r ­
n o n -c u m ., 550 0 ,0 0 0 ; p ar o f sh ares, 5100.
F o rm e rly c o n tr o lle d b y C h ic.
an tees 5 % on $65 0,00 0 N ew Y o r k B ro o k ly n & M an h a ttan B ea ch p r e f. s to c k
P eoria & S t. L o u is .
F o r y e a r e n d in g June 30 1909, gross, 521 9 ,8 3 9 ; n e t,
ns p a rt ren tal; also 4 A % on $50,000 P . P . & S o . B r. s t o c k a n d 4 A % on
5 63 ,622 ; Interest, ta xes, A c .. 5 57 ,819 ; b a la n ce , surplus, 5 5 ,8 0 3 . P r e s .,
$82 ,5 0 0 o f the N ew Y o r k & C o n e y Island s to c k .
J am es D u n ca n , A lto n , 111.— (V . 79, p . 2456.)
T h e sh areh olders v o t e d M arch 14 1906 to g u aran tee, p rin cip a l a n d In ter­
e st, an a u th o rize d Issue o f 51 0 ,0 0 0 ,0 0 0 4 M % 4 0 -ye a r co lla t. trust b o n d s o f
LITTLE F A LL S & D O L G E V I L L E RR .— O w ns L ittle F a lls, N . Y . , to
the L o n g Island C o n so lid a te d E lectrical C om p a n ie s, a h o ld in g c o m p a n y , all
D o lg e v llle , 10 m iles.
O perates u n d er a greem en t D o lg e v llle A S alisb u ry
o f w hose s to c k Is o w n e d , fo r the tro lle y lines o w n e d a n d c o n tr o lle d .
Tho
R R . , ex te n d in g fro m D o lg e v llle t o m in e o f S a lisb u ry Steel A Iron C o.
present Issue w ill p r o v id e th e co st o f a cq u ire d an d c o n s tr u c te d lines, a b o u t
S t o c k , 525 0 ,0 0 0 , o f w h ich th e N ew Y o r k Central & H u d so n R iv e r In J u ly
5 2 ,1 4 0 ,0 0 0 , a n d a b o u t $50 0,00 0 w as e x p e c te d to be Issued fo r h o w lines a n d
1906 a c q u ir e d a m a jo rity .
B on d s, see ta b le .
F o r y e a r e n d in g D e c. 31
exte n sio n s then p r o p o s e d .
See V . 82, p . 100, 864: V . 8 4 , p . 865: V . 8 6 , p .
1908, gross, 560 ,757 ; n et, 5 19 ,330 ; o th e r In co m e , 5547; ch arges, 5 9 ,0 3 1 .
1157.
N o b o n d s so ld t o D e c. 31 1908.
P r e s ., W . H . N ew m a n ; S e c ., D . W . P a rd e e .— (V . 83, p . 272.)
E A R N I N G S .— 12 m o s .,1 190 8-0 9____ G ross, $ 8 ,2 8 6 ,3 1 6 ; n e t, $ 1,961,244
J u ly 1 to Ju n e 30.
J 1907-08____ G ross, 1 0 ,0 4 0 ,5 2 0 ; net, 2 ,2 0 8 ,2 0 7
LITTLE K A N A W H A RR. — P a rk ersb u rg, W . V a ., t o C reston , 50 m iles.
R E P O R T .— R e p o r t fo r ca le n d a r y e a r 1908 w as In V . 8 8 , p . 997 .
S t o c k . 53,0 0 0 ,0 0 0 au th oriz e d ; Issued, 550 9 .5 0 0 .
O w n e d b y th e P ittsb u rgh
1908.
1907.
1906.
A L a k e E rie, P en n sy lv a n ia an d B a ltim ore A O h io , the last n am ed o p e ra tin g
G ross e a rn in g s_________________________ $ 9 ,8 1 8 ,5 4 5 $ 10 ,130 ,40 8
$ 9,505,596
th e roa d fro m M ay 1 1908. V . 86 , p . 981; V . 82, p . 628; V . 8 6 , p . 981.
O p e ra tin g e x p e n s e s ____________________
7 ,2 6 7 ,2 3 5
8 ,5 2 6 ,5 8 5 7 ,4 8 1 ,1 6 2
LITTLE MI AM I R R . — (See M a p s P en n sy lva n ia R R .)— O w ns C incinnati
O ., to S prin gfield, O ., 84 m .; b r a n c h , X e n ia , O ., to D a y to n . O ., 15 m .; D a y ­
$ 1 ,603,823
$ 2 ,5 5 1 ,3 1 0
$ 2 ,114,434
t o n , O ., to In d . S ta te line, 38 m .; leases, C o lu m b u s A X e n ia R R . , X e n ia , O .,
$ 2,768,178
$ 1 ,935,892
52,520,941
t o C olu m bu s, O ., 55 m .; C ln. S t. C on . R R ., 2 m .; R ich m o n d A M iam i R R .,
455 ,198
542,747
417,951
F ix e d rentals o f leased r o a d s .
In d ia n a S ta te L in e to R ic h m o n d , 4 m .; to ta l, 195 m iles.
1 ,803,330
1 ,8 0 3 ,3 3 0
1 ,7 7 2 ,4 6 5
152,289
67,721
41,442
I n t. o n m o rtg a g e s, g r o u n d ren ts, A c .
L E A S E .— O n D e c. 1 1869 leased to P ittsb u rg h C incinnati A S t. L ou is
345 ,198
393 ,312
260,563
T a x e s __________________________________
(n ow P ittsb u rg h C incinnati C h ica g o A S t. L ou is) fo r 99 years ren ew able fo r
152,588
123,294
56,879
M iscella n eou s___________________________
e v e r . T h e P en n . R R . C o . Is a p a r ty to the c o n t r a c t and gu aran tees I s
fa ith fu l e x e c u tio n .
R en ta l Is 8 % on 5 4 ,9 4 3 ,1 0 0 c o m . s to c k , 4 % on b e t t e r ­
B a la n ce ........
................................ d c f . 5276,088 d e f .$85 8,82 9 d e f.5 2 8 ,3 5 9
m en t s t o c k , an d ln t. on d e b t. T h e s to ck h o ld e rs v o t e d Jan 29 1907 to
B on d Interest do e s n o t Inclu de all the In terest, a " p r o p e r p r o p o r t io n ” on
m o d ify lease an d Increase s to c k fro m 5 5 ,0 0 0 ,0 0 0 to 5 1 0 ,0 0 0 ,0 0 0 , th e a d d i­
tion al s to c k t o be Issued as a special 4 % b e tte rm e n t s to c k .
V . 8 4 , p . 51, secu rities Issued fo r Im p ro v e m e n ts e x te n d in g th rou gh several y e a rs, from
w h ich n o a d d itio n a l re ve n u e can b e d e riv e d until c o m p le tio n , h a v in g been
815 ; V . 86 , p . 857 .
See V . 8 4 , p . 865.
L essee’s rep ort show s results t o lessee: In 1900, p r o fit, 5 65 ,989 ; 1 9 0 1 ,5 6 7 ,­ ch a rg e d t o c o s t o f co n s tr u c tio n .
P r e s ., R a lp h P eters; T r e a s ., H e n ry T a tn a ll, B ro a d S t. S ta tio n , P h lla .—
151; In 1902, loss, 5 92 ,069 ; In 1903, loss, 5 24 1,59 3; In 1904, loss, 5133,746;
V . 8 5 , p. 1210; V . 86, p. 981, 115 6, 1159; V. 87, p. 1238: V . 8 8 , p . 997;
In 1905, loss, 5 16 7,69 2; In 1906, loss, 5 18 5,30 3; In 1907, loss, 554.477:
V . 8 9 , p. 529.)
In 1908, loss, 514 2,94 6. S to c k a u th o riz e d , 5 1 0 ,0 0 0 ,0 0 0 .
B e g in n in g D e c.
1899 1 -5 % e x tra paid on c o m m o n s to c k ea ch D e c. a n d Ju n e fro m the surplus
LORAIN & WEST VIRGINIA RR.— W e llin g to n to L o ra in , O .. 30 m iles,
In vested fu n d , m a k in g d iv id e n d 8 2 -5 % y e a r ly .— (V . 86 , p . 857 .)
w ith bran ch es, 5 m . S t o c k , $2,0 0 0 ,0 0 0 , all o u ts ta n d in g : p ar $100. F o r ­
m erly c o n tro lle d b y W h e e lin g A L ake E rie, b u t c o n tr o l re lin qu ish ed In
LITTLE ROCK & HOT SPRINGS W E S TE R N RR — (See M a p M is s o u r i
O ct. 1908. gu a ra n ty o f b o n d s b ein g ca n ce le d .
O p erated In Ja n . 1909 b y
P a c i f ic .) — O w ns H ot Springs to J u n ctio n , A rk , 53 m iles, of w h ich B e n to n
receiver o f W h . A L . E . u n d er an o p e ra tin g c o n tr a c t.
B o n d s, $ 2 ,0 0 0 ,0 0 0
t o L ittle R o c k , 23 m ., Is leased t o C h o c. O k la h o m a & G ulf R R .
V . 68
a u th o riz e d . C itizen s’ S av in gs A T ru st C o. o f C le v e la n d , tru ste e . P r e s .,
p . 85; V . 69, p. 283; V . 73. p. 722 . S to c k , 5 1 .1 4 0 .0 0 0 . all o w n e d b y S t.
H . W . S eam an ; S e c. an d T r e a s ., J . It. N u t t .— (V . 8 7 , p . 1160.)
L ou is Iron M ountain & Sou th ern R y . (M issouri P a cific s y s t e m ), w h ich gu ar,
LOUISIANA & ARKANSAS RY.— O w ns fro m H o p e , A r k ., t o T io g a ,
th e b o n d s, p rin cipa l a n d Interest, b y en d o rse m e n t.
V . 78, p . 583.
D iv i­
L a ., 188.02 mHcs; e x te n sio n from P a ck to n t o Jen a , 29.6 4 m iles: tra ck a ge.
d e n d , 3 H % , p a id In 1905-06. Y e a r e n d in g Jun e 30 1908, gross, 51.'-7,487;
T io g a t o A le x a n d r ia , L a ., 8 .1 8 m iles; T io g a t o P ln e v lllo , L a ., 5.02 n i., gives
n e t , 547,586; oth er In co m e , 526 ,0 7 7 ; fixed c h a rg e s, 566,134; b a l., sur.
secon d en tra n ce t o A lexan d ria; to ta l, 230.86 m iles.
R o c k Island C o. uses
5 7 ,5 3 0 . P r e s ., W . C . F o r d y c e — (V . 78, p . 583.)
30 m iles, P a ck to n , L a ., to P in cvllle , L a ., u n d e r tr a c k a g e c o n t r a c t.
F ifty
acres fo r term in al purposes secu red In S h r e v e p o rt an d a bran ch line o f
LITTLE S C H U Y L K I L L N A V IG AT IO N RR. & C O A L. — O w ns fro m P o rt
C lin ton to T a m a n en d an d R e e v e sd a le , 31.4 8 m iles; 2d tra ck , 26.49 m .; to ta l.
a o u t 23 miles fro m M lnden to S h r e v e p o rt n e a rly c o m p le t e d .
91.31 m iles.
R e-lea sed on D e c. 1 1896 t o P h lla . A R e a d . R y . fo r 999 years
S T O C K .— S to c k
(a u th o riz e d , $ 7 ,0 0 0 ,0 0 0 : o u ts ta n d in g . $ 4 ,5 0 0 ,0 0 0 ;
a n d rental red u ced fro m 7 % on s to c k to 5 % g o ld fro m J a n . 1 1897.
D iv i­
shares, par, 5 1 0 0 ), o f w h ich $ 3 ,7 4 5 ,0 0 0 Is d e p o s ite d w ith th e S tan d ard T ru st
d en d s: In 1898, 5 > s % ; 1899, 5 J 4 % : 1900, 5; 1901, 5 'A : 1902, 5 A : 1903, 5 ­ C o . o f N ew Y o r k .
V o tin g trustees 10 years; W illia m B u ch a n a n , E d w a rd E .
190 4, 5; 1905, 5 A ; 1906, 5; 1907, H A ; 1908, 5 'A: 1909, J a n ., 2 M % ; J u ly , P orter. BenJ. F . Y o a k u m , H a rv e y E . Fisk and Charles L . P a ck .
2A%.
Lessee p a y s ta xe s and org a n iz a tio n e x p .— (V . 73, p. 554.)
'
D I V I D E N D .— 1 A % p aid sem i-a n n u a lly sin ce M arch 1906.







R A IL R O A D S

I N T E R E S T OR D I V I D E N D S
M ile s
of
R oad

D ate
of
Bonds

S iz e, or
Par
V a lu e

A m oun t
O utstanding

R ate
%

a31 5,00 0
21 1895
$ 1,000
5,6 6 0 ,0 0 0
316 1899
1,000
U nified m ortg a g e g o ld call at 110---------------U s m .c & r
316 1903
500 &c 2 2 .4 0 8 .0 0 0
R e fu n d m tg e $ 4 6 ,0 0 0 ,0 0 0 g o ld gu ar p & l .E q .c * & r
D e b e n tu r e s $ 16 ,500 ,00 0 a u th o r iz e d _________________
L eased and C on trolled L in es, P r in c ip a l o r Interest G u a r anteed.
1,000 a l . 262 ,000
30 1892
L I R R N o Sh B r con s M $1,4 2 5 ,0 0 0 gu p & 1 -C c.c*
19 1885
1,000 a l . 601.000
N Y B & M an V 1st con s M $ 1 ,7 2 6 ,0 0 0 g o ld g u a r .C e
a88 3,00 0
1887
1,000
N Y & R o c k B each 1st M $98 4,00 0 gu a r p & 1— Cc
436 ,000
1,000
10 ’8 6 - ’91
P P & C I 1st and 2d ($96,000 secon ds) gu a r p & 1-2 , 000,000
1.000
35 1906
L orain & W e s t V irgin ia— 1 st M $ 2 ,0 0 0 ,0 0 0 g o ld _ _ c * & r
4 ,5 0 0 ,0 0 0
100
L ou isian a & A rk a n sa s— S to c k $ 7 ,0 0 0 ,0 0 0 a u t h o r lz e d .
218 1902
4,248,000
1,000
F lrst m ortg a g e $ 7 ,0 0 0 ,0 0 0 g o ld ( t e x t ) -----------S .c* & i
1,000
100,000
35 1895
Louisiana & N orth West R R —-P rior Hen, g o l d - - - - —
2 ,034,000
115 1905
1,000
F irst m o rtg a g e $ 1 0 ,000 ,00 0 g o l d ____________ M S t.c*
342 1903
8 ,131,000
1,000
L ou isian a R y & N av— F irst M g o ld (see t e x t ) - - F . c & r
500
250,000
45 1897
L ou isiana S outhern— 1st M g red at 105 s i n c e ’ 0 2 -C e .c
1,000
2 ,240,000
106 1881
L ou isiana VVestern— F irst m o rtg a g e g o l d -------------C c .c
100
1,500,000
Louisville Bridge C o— S to c k
-------- - - ---------------------4 ,0 0 0 ,0 0 0
100
L o u is v H end & St L ou is—-S tock ( )4 5 % p r n o n -c u m )
500
2 ,500,000
182 1896
F lrst m tge $ 2 ,5 0 0 ,0 0 0 g o ld ........ ................................A\o
4 ,5 0 0 ,0 0 0
1,000
1895
L o u isv ille & J eff B ridge— $ 5 ,0 0 0 ,0 0 0 g g u p & I e n d .c *
100 6 0 ,000,000
L ou isv ille & N ashville— S to c k $ 6 0 , 0 0 0 , 0 0 0 - - - - - - - - - 1,000
1,375.000
155 1879
E H & N 1st M H en d t o N ash g d ra w n at I 1 0 .- C e .c *
1,000 C6 ,191,000
803 1880
L ou isv ille & N a sh v gen M g o ld d ra w n at 1 1 0 - -C c .c *
3,2 5 8 ,0 0 0
1,000
176 1881
L C & L e x gen m tg e g o ld (V 63, p 1 0 1 0 )---------M o .c*
1,000 d l , 777,000
L & N b o n d s S & N A la R R 2d M as c o ll g o ld -U n .c *
192 1880
318 ,000
1,000
45 1880
P e n sa co la D lv 1st M g o ld (draw n at 1 0 5 )-------F .c*
5,0 0 0 ,0 0 0
1,000
141 1880
N ew O rl & M o b D lv 1st M N O to M obile g - . F . c *
1 ,000,000
1,000
141 1880
S e c o n d m ortg a g e g o ld --------------------------------------- c*
3,5 0 0 ,0 0 0
1,000
208 1881
S ou th ea stern & St L ou is D lv first m o rtg a ge g o l d .c *
1,0 0 0 S3,000,000
208 1881
S econ d M g old E ast St L ou is to E v a n s v & b r . . c *
1,000 f l ,749,000
192 1887
F irst M (5 0 -y ea r 5s) $15,000 p er m ile g o l d ___ U s.c*
1,0 0 0 g 4 ,7 05 ,000
1888
F irst m tge collateral trust ($7,000,000) g o ld — F .c*
1890 1,0 0 0 & c b 5 8 ,762 ,00 0
U nified m ortg a ge fo r $7 5 ,0 0 0 ,0 0 0 g o l d - - C c .c * & r
617.000
1,000
1891
St L ou is p r o p e r ty first m tge g o ld $ 6 5 0 ,0 0 0 ___ S S t.c
4 ,0 0 0 ,0 0 0
1,000
179 1895
M ob ile & M o n tg o m e r y Joint m o rtg a g e g o ld _____C e .c
$ 1,000 h$ 202 3,00 0
160 1881
P en & A t first m ortg a g e g o ld draw n a ssu m e d ____ c*
a In han ds o f p u b lic ; to ta l Issued sh ow n In left-h an d colu m n ; bala nee u nd e r unified m o

5
4 g
4 g
4

F o r explan ation o f colum n headings, &.C., see notes
on first page o f tables

Long Island (C o n .)— M o n t a u k E x t $60 0,00 0 1st M assu

B O N D S .— T h e unissued first 5s (to ta l lim ited t o $7 ,0 0 0 ,0 0 0 ) are reserved
fo r b e tte rm e n ts , e q u ip m e n t an d e x te n s io n s , o f w h ich $ 1 ,000,000 reserved
fo r brid g es across B lack an d R e d riv e rs, a n d th e b a la n ce lim ite d t o $ 20 ,000
p er m ile o f c o m p le te d r a ilro a d . T h e en tire a m o u n t o u ts ta n d in g , b u t n o
p a rt, Is s u b je c t t o r e d e m p tio n a t 1 1 0 a n d Interest o n a n y Interest d a te .
B eg in n in g w ith S e p t. 1907 a sin k in g fu n d o f $55 ,0 0 0 p er an n u m to b u y
b o n d s . If p os s ib le, a t 1 1 0 a n d Interest o r u n d e r; o th erw ise t o b e In vested .
B on d s s o p u rch a sed are k e p t a liv e In the sin k in g fu n d .
E A R N I N G S .— 2 m o s ., 1 1909.................G ross, $20 0,14 9; n e t , $69,146
J u ly 1 to A u g . 31.
/ 19 0 8 _________ G ross,
184 ,068 ; n e t,
44,529
R E P O R T .— F o r y ea r e n d in g Ju n e 30 1009, In V . 8 9 , p . 717 , 729.
Y ea r.
M ile s . G ross.
N et.
Oth. In c . Chgs & c. D ividends. B alan ce.
19 0 8 -0 9 - _ 226 $ 1 ,1 8 6 ,4 0 0 $36 0,62 9 $49 ,309 $205,298
$112,500 $92,140
1 0 0 7 -0 8 --2 2 6 1,144,521
338 ,8 7 8 4 3 ,636
197,965
112 ,500
72.049
P r e s ., W m . B u ch a n a n , T e x a rk a n a , A r k .— (V . 89, p . 717 , 729.)
L O U IS IA N A & N O R TH W E S T R R .— O w n s M a g n o lia , A r k ., t o N a tch i­
toch es, L a ., 114.7 m iles; tra ck a g e , M agnolia to M cN e il, 6.4 m iles.
S t o c k , $1 0 ,0 0 0 ,0 0 0 a u th o r iz e d , o f w h ich $ 2 ,3 0 0 ,0 0 0 o u tsta n d in g; par,
$100. Car trusts S e p t. 1909, $ 2 ,500. O f 1st 5s o f 1905 ($10,0 0 0 ,0 0 0 a u ­
th oriz ed Issue), $15 0,00 0 Is re se rv e d t o re tire th e o ld b o n d 3 an d $116,000
fo r Im p rov em en ts, e q u ip m e n t, & c. V . 8 2 , p . 628; V . 8 5 , p . 1462. P res,
a n d T r e a s ., G eo. W . H u n te r, S t. L ou is; V . - P . , J o h n J a y N elson , H o m e r
L a .; S e c ., J oh n A . R ic h a r d s o n , H o m e r , L a .— ( V . 8 5 , p . 1462.)
L O U IS IA N A R Y . & N A V IG A T IO N C O .— O w ns N ew O rleans to S h reve­
p o r t , L a ., 305 .6 m .; C o lfa x to W in fie ld , 28 m .; A le x a n d r ia to Jen a , 8 )4 m .;
P ln e v llle to E m s, 7 m . S to c k a u t h ., $ 1 2 ,0 0 0 ,0 0 0 ; o u t s t ’g Jun e 30 1908, $ 8 ,­
131,000; par, $100.
F irst m tg e . b o n d s (see table a b o v e ) a r c lim ited to
$1 7 ,5 0 0 ,0 0 0 tota l Issue an d $23 ,000 p e r m ile; $30 0,00 0 has also been Issued
fo r a brid g e o v e r th e R e d R iv e r a t A le x a n d r ia : $ 4 ,0 0 0 ,0 0 0 Is re served fo r
N ew O rleans term in a ls. T h ere are also $ 2 ,4 1 4 ,0 0 0 2d 5 0 -y r . 4 H s due 1957
(au th orized Issue $ 1 0 ,0 0 0 ,0 0 0 .)
See V . 77, p . 3 0 , 769.
E A R N I N G S .— 2 m o s ., 1 1909...................... G ross, $20 5,33 8; n e t, $38,833
J u ly 1 to A u g . 31.
J 1908____________ G ross, 152,074; o p . d e f . ,$9,2 84
F o r y e a r en d in g Ju n e 30 1909, o p e r a tin g re v e n u e , $1 ,1 0 6 ,0 8 5 ; n e t, $7 9 ,­
006; ta x e s , $42 ,770 .
P r e s ., W m . E d e n b o rn , H ib e rn ia B ld g ., N ew O rleans; S e c . an d A u d ., H .
B . H elm ; T r e a s ., C larence E lle rb e , S h r e v e p o rt, L a .— (V . 8 4 , p . 390 , 450 .)
L O U IS IA N A SO U T H E R N R Y .— See this s e c tio n fo r J u ly 1905.
L O U IS IA N A W E S T E R N R R .— (S ee M a p o f S outhern P a c ific .)— O wns
fro m L a fa y e tte , L a ., t o S ab in e R iv e r , 105 m iles; M id lan d t o E u n ice , 24 m .;
M id lan d to A b b e v ille , 35 m .; M allard J e t. to L ake A r th u r , 34 m .; leases
L a k e Charles & N orth ern R R . , L a k e Charles to D e R ld d e r , L a ., 50 m iles,
op e n e d O ct. 1908; t o ta l, 248 m iles. O perated In d e p e n d e n tly . S outhern
P a cific o w n s all the $ 3 ,3 6 0 ,0 0 0 s t o c k .
D iv id e n d o n s to c k In 1905-06
an d 1906-07. 1 0 % , a n d l n 1907-08, 8 5 % .
In y e a r 1907-08, gross, $ 2 ,1 0 5 ,­
023; n et In com e, $ 95 3,10 2; surplus o v e r c h g e s ., $69 4 ,7 5 3 .— (V . 74, p . 268.)
L O U IS VI L LE & AT LA NTI C R R — S o ld to L o u is v , & N ash v.In Ju n e
1 90 9.— (V . 8 9 , p . 42.)
L O U IS VI L LE BRID GE CO.— O w ns b rid g e 5,294 fe e t l o n g o v e r O h lo R Iv.
a t L o u is v ille , K y ., an d a b o u t 2 m iles track In L o u is v ille . U sed b y P . C. C.
& S t. L . R y ., L o u is v . & N a s h v ., <Scc. S u rp . earn s, r e v e rt to road s using b r ’g .
S T O C K Is $ 1 ,5 0 0 ,0 0 0 ; P e n n . C o . o w n e d Ja n . 1 1009, $00 0 ,3 0 0 .
D lv s ,
sin ce 1002: 1903, 1 3 % (V . 79, p . 2747; V . 78, p . 102 ); 1904, 4 % ; 1905, 6 % ;
1906, 7 % ; 1907, 8 % ; 1908, 1 6 % .
F o r y e a r e n d in g D e c. 31 1908, gross,
$ 24 9,65 4: n et, $ 10 3,94 4; o th e r In com e, $19 1,46 0; ch arges, $49,994; d lv s.
( 1 6 % ) , $240,000; b a l., s u r ., $ 5 ,4 1 0 .— (V . 8 6 , p. 285.)
L O U IS V I L L E H E N D E R S O N & ST . L O U IS R Y .— R O A D .— L o u isville
t o H e n d e rs o n , K y ., 144 m iles (ln cl. 6 m . tr a c k a g e ); Irv in g to n t o F o rd sv llle ,
K y ., 44 m iles; M itchell to H a r tfo r d , K y ., 18 m iles; L . & N . tra ck a g e , H e n ­
d e rs o n , K y ., to E v a n s v ille , I n d ., 12 m .; t o ta l, 218 m .
L o u . & N ash. In
1904-05 a c q u ir e d $776,081 p r e f. a n d $ 1 ,6 3 1 ,3 8 5 c o m . s to c k . V . 81, p .1 1 0 0 .
E A R N I N G S .— 12 m o s ., 1 1 9 08-09_____ G ross, $ 1 ,023,736 ; n e t, $267,386
J u ly 1 to Ju n e 30.
J19 07-08.......... .G r o s s ,
992,652; n e t, 210,112
In 1907-08, gross, $99 2 ,6 5 2 ; n e t In com e, $20 4,21 4; Im p ro v e m e n ts, $12 ,­
669; tn t., ta x e s , & c., $24 1,59 7; b a l., d e f ., $50 ,0 5 3 . P r e s ., L u cle n J. Irw in .
— (V . 85, p. 1575; V . 8 9 , p . 666 .)
L O U I SV I L LE & JE FF ER SO NV ILL E B RI D G E CO.— O n e-h alf m ile lo n g
a n d th e ap p roa ch es on e m ile; o p e n e d Jan . 1 1896. A ls o o w n s a b o u t 40 acres
o f la n d In L ou isv ille an d 100 acres In Jeffe rso n ville . S t o c k , $1,42 5 ,0 0 0 :
m t g e . Is for $ 5 ,0 0 0 ,0 0 0 (tru s te e , U . S. T ru st C o . o f N . Y . a n d U n ion T ru st
C o o f In d ia n a p o lis ); b o n d s fo r $ 5 0 0,00 0 are reserved fo r futu re c o n ­
s tr u c tio n , & c ., th e b o n d s are g u a ra n te e d b y th e C h cs. & O h io an d C leve. C.
C . < S t. L. ro a d s . In w h ose Interests th e en tire s to c k Is o w n e d .
&
See V . 6 1 ,
p . 5 5 9 .— (V . 8 9 , p . 529.)
LO U I S V I L L E & N A S H V IL L E R R. — (S ee M a p . ) — R O A D .— O perates
m ain line fro m C in cin n a ti, 0 . , to N ew O rleans, L a .. 921 m iles; w ith bran ch es
t o S t. L o u is , M o ., M em ph is, T e n n ., & c ., 3 ,4 7 7 m iles, m a k in g to ta l system
p r o p e r , Ju n e 30 1909, 4,398 m iles. T h e sy ste m Inclu des;
R eported separately—
M ile s .
L in es owned absolutely o r through
♦N ashville C h a tt. & S t . L o u is ___925
capital stock—
M ile s .
L ou isv ille t o N a sh v ille_____________181 ♦G eorgia R a ilr o a d s y s te m ________ 571
S u n d ry oth er lin es ___________ . . . 3 , 1 7 6 ♦ L o u is. H e n d . & S t. L o u is _______ 182
♦C hic. I n d . & L o u is v ille __________ 617
L in es leased, & c .—
♦ S ou th . & N o rth . A la . R R ............. 193 O th er lin e s_________________________ 48
O th er lin es __________________________625 O w n ed b u t leased t o o th e r c o s ___21
O p era ted fo r oth er c o m p a n ie s ___ 222 D o . P a d u ca h & M em . D lv _______ 248
♦See this c o m p a n y .
------T o t a l system p r o p e r __________ 4,365
T o t a l o f all J u ly 1 190 9............. 7,002
In Ju n e 1909 a cq u ire d all th e secu rities o f the L o u isv ille & A tla n tic ,
V ers a illes , K y ., to B e a tty v llle J e t ., 101 m ., and b r a n c h , 3 m . V . 89, p . 42.
C on trol b y A tla n tic Coast L in e .— L a te In 1902 th e A t la n t ic C o a st Line R R .
a c q u ir e d $ 3 0 ,6 0 0 ,0 0 0 o f the $6 0 ,0 0 0 ,0 0 0 s t o c k , b u t th e ro a d s are o p e ra te d
I n d e p e n d e n tly . V . 7 4 , p . 830 , 1038; V . 7 5 , p . 733 , 1309.
D I V I D E N D S — ’ 01 ’ 92 '93 ’ 9 4 -’ 98 ’ 99 '0 0 ’ 0 1 -’ 04 ’ 0 5 -’ 07
1908.
1909.
P e r c e n t ________ 5 4 H 4 N o n e
3M 4
5 y r ly . 0 y r ly .
B e lo w .
5 )4
In F e b . 1908 3 % p a id In cash a n d 1 % In L o u isv ille P r o p e r t y C o. s to c k ;
In A u g ., 2 ) 4 % ca sh .
V . 86 , p. 220 , 421 . In 1909, F e b ., 2 ) 4 % ; A u g ., 3 % .




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Jan 1 1945
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R W ln th r o p & C o, N Y
S P C o, 120 B ’ w a y , N Y
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O ct 1 1932
O ct 1 1935
S ep t 1 1927
192 6-1931
Ju n e 1 1956
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S ep t 1 1927
Jail 1 1945
Apr 11935
J u ly 1 1953
M ch 1 1 9 5 0
J u ly 1 1921
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71 B r o a d w a y , N ew Y o r k
f . g , see f o o t-n o t e on

J u ly
M ch
Aug
D ec
June
N ov
Apr
M ch
Jan
Jan
M ch
M ch
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J u ly
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5 g
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3 In 1909
5 g
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1946
1 1945
10 ’ 09 3
1 1919
1 1930
1 1931
1 1910
11920
1 1930
1 1930
1 1921
1 1980
1 1937
1 1931
1 1940
1 1916
11945
1 1921
page.

B O N D S .— T h e E v a n sv. H en d er. &. N a sh v. b o n d s are draw n a t 110 b y lo t
a n n u a lly In O c t . fo r p a y m e n t D e c. 1 In a m o u n ts Increasin g ea ch five y e a r s
u n til $ 1 5 0,00 0 p er ye a r Is fin a lly r e a ch e d ; in 1009, $ 7 5 ,0 0 0 .
T h e P en sa cola D ivisio n b o n d s a r e ; $ 2 0 ,0 0 0 In 1909 s u b je c t t o a d ra w in g
s in k in g fu n d $10 ,000 In 1907 a n d Increasin g la te r.
V . 8 1 , p . 265 , 72 6 .
T h e general mortgage b o n d s o f 1880 are ca lled a t 110 In Increasin g a m o u n ts
each y e a r; $45 0,00 0 w e re p aid Ju n e 1 1909. V . 8 8 , p . 883.
In Jun e 1890 th e " u n i f ie d " m ortgage (tru s te e , C en tral T r u s t C o .) fo r $75,
0 00 ,000 was a u th o r iz e d , $ 4 1 ,9 1 7 ,6 6 0 b o n d s b e in g r e se rv e d t o re tire all p r io r
Hens (n o n e o f th e p rio r Hens can b e e x t e n d e d ), th e b a la n ce fo r I m p r o v e ­
m e n ts, e x te n sio n s (a t th e ra te o f $32 ,0 0 0 p er m ile, In clu d in g e q u ip m e n t ),
an d fo r o th e r p u rp o se s. T h e m o rtg a g e c o v e r s (be sid e s 1,994 m iles or
r o a d a n d e q u ip m e n t), $ 1 0 ,0 9 3 ,3 0 0 s t o c k o f co m n a n le s c o n tr o lle d a n d $ 3 .­
150 ,000 b o n d s free fro m a n y lien . See a b s tr a c t o f m o r tg a g e In V . 51, p .
613: also V . 72, p. 1034, 1188; V . 7 7 , p . 968 .
In A u g. 1909 c o m p a n y re­
p o r te d $ 6 1 ,9 1 1 ,0 0 0 o u ts ta n d in g , o f w h ich $ 2 ,7 4 2 ,0 0 0 In treasury a n d $ 39 0,­
000 in sin k , fu n d s . V . 8 1 , p . 1848; V . 86 , p . 1344; V . 88 , p . 295.
M obile & M o n tg o m ery — L ou isville & N ashville Joint m ortgage Is fo r $ 5 ,0 0 0 ,­
000: $ 1 ,0 0 0 ,0 0 0 reserved fo r Im p r o v e m e n ts . V . 6 1 , p . 196, 750 .
K en tu c k y Central m tg e . a b s t r a c t V . 4 5 , p . 372 . S o u th & N o rth A la b a m a
Im p ro v e m e n t 5s, due A u g . 1 1936, $ 1 ,9 2 0 ,0 0 0 a u th o r iz e d , are o w n e d .
L ou isville A N ash ville T erm in al 4 s .— J o in tly g u a r a n te e d , prln . an d In t.,
b y L . & N . an d N a sh v . C h. & S t. L . S ee fo r m , V . 88 , p . 1313.
In 1902 th e L o u isv ille & N a sh ville a n d th e S ou th ern R y . a c q u ir e d $ 9 ,7 9 6 ,­
900 o f the $ 1 0 ,5 0 0 ,0 0 0 C h ic. In d ia n a p o lis & L o u is v . c o m . a n d $ 3 ,8 7 3 ,4 0 0 o f
th e $ 5 ,0 0 0 ,0 0 0 p r e f. s to c k In e x c h a n g e fo r th eir Joint 5 0-year 4 % b o n d s . V .
7 4 , p .1 1 3 8 ; V .7 6 , p .5 9 3 . O f th e $ 1 5 ,5 0 0 ,0 0 0 Joint b o n d s se cu re d b y d e p o s it
o f this s t o c k , $ 1 ,5 6 3 ,0 0 0 are reserved t o a cq u ire th e re m a in in g “ M o n o n ”
s to c k an d $ 2 ,1 1 0 ,0 0 0 fo r " M o n o n ” lm p r ’ ts, & o ., $50 0,00 0 y e a rly .
T h e A tla n ta K n o x v ille & C incinnati d iv isio n 4s ($ 5 0 ,0 0 0 ,0 0 0 a u th o rized )
c o v e r 726 m ile s. O f th e b o n d s, an e qu a l a m o u n t w ill be reserved to retire
a t m a tu rity u n d e rly in g b o n d s, v iz ., K e n tu c k y C en tral 4s, $ 6 ,7 4 2 ,0 0 0 ; A t la n ­
ta K n o x v . & N o rth , b o n d s , $ 1 ,5 0 0 ,0 0 0 . T h e line fro m L iv in g s to n to J e lllc o ,
61 m iles, Is s u b je c t to p r io r lien o f unified m tg e . V . 8 0 , p . 872; V . 84, p .1 4 2 8 .
In J u ly 1909 $21 ,7 0 2 ,0 0 0 had b e e n Issued, o f w h ich $1 0 ,2 4 5 ,0 0 0 so ld .
F I N A N C E S .— P e rm a n e n t Im p ro v e m e n ts ch a r g e d to Incom e a c c o u n t
In 1908-09 w as $ 86 6,54 7; In 190 7-0 8, 5 1 ,6 9 0 ,4 6 8 .
In F e b ru a ry 1907
d lv s . o n N a sh v . C h a tt. & S t. L . s t o c k , $ 7 ,1 7 7 ,6 0 0 o w n e d , w ere Increased
to 6 % , b u t a g a in r e d u ce d to 5 % In A u g . 1908.
In A u g . 1908 th e L . & N d iv id e n d ra te w as r e d u ce d fro m 6 % t o 5 %
b u t restored to 6 % In A u g . 1909.
In Jan . 1909 $2 9 ,8 6 4 ,0 0 0 b o n d s secu rin g th e $ 23 ,000 ,00 0 5 -2 0 -y e a r co lla t.
trust b o n d s w ere s o ld , the la tte r be in g paid o lf A pril 1 1909 an d pro vision
be in g m a d e t o re tire th e $ 6 ,5 0 0 ,0 0 0 3 -y e a r n o te s a t th eir m a tu rity M ch.| l
1910. V . 8 8 , p . 295 , 452 , 1253.
E A R N I N G S .— 2 m o s ., 1 1 9 0 9 ____ . . . . G ross, $ 7 ,8 9 9 ,6 5 3 ; n e t, $3,054,455j 19 0 9 ..................G ross, 7 ,3 3 0 ,0 9 8 ; n e t, 1,526,792
J u ly 1 to A u g . 3 1 .
R E P O R T .— R e p o r t fo r 190 8 -0 9 , In V . 80, p. 911, 026; see also p. 889.
C om p a rison w ith 1906-07 In a ccu ra te , o w in g to ch an ges In a cc o u n tin g .
Year ending J u n e 30—
1909.
1008.
1907.
A v e ra g e m ile a g e ------------4,393
4,347
4,306
F reigh t e a rn in g s........................................$ 3 2 ,4 6 5 ,9 6 9 $31 ,334 ,94 1 $ 35 ,235 ,78 7
P assengers _____________
1 0 ,0 6 2 ,5 3 5
10,590,048 1 0,417,470
M all, e x p re s s , &C............................
2,8 9 7 ,3 8 7
2 ,694,392
2,610,688
G ross e a r n in g s ............... ....................... .$ 4 5 ,4 2 5 ,8 9 1 $44,620,281 $ 48 ,263 ,04 5
O p e ra tin g e x p e n s e s . ___________________ 29,6 2 7 ,4 9 9 3 3 ,594,201 35,7 8 1 ,3 0 2
N et e a rn in g s............... ...................
N e t, ln cl. In v e stm e n ts, & c ___
T a x e s - _ .............- .............................
In te re s t a n d r e n t----------------------A d v a n c e s to S. & N . A . , & c ____
S in k in g fu n d p a y m e n t s _______
A d d itio n s a n d b e tte r m e n ts ___
D iv id e n d s ______________________

_$15 ,7 9 8 ,3 9 2 $ 1 1 ,025 ,99 0 $12 ,482 ,64 3
17,117,961
12,346,058
14,044,398
_
1 ,437,992
1 ,393,760
1,208,011
____
6 ,4 1 6 ,3 2 9
6 ,236,187
6,091,241
.
411,403
c r .50,007
52,940
...
264 ,302
251,792
241,081
____
866 ,547
1,090,468
C)
(5 )4 )3 ,3 0 0 ,0 0 0 (5 )4 )3 ,3 0 0 ,0 0 0 (6 )3 ,6 0 0 ,0 0 0

Surplus o v e r d i v i d e n d s _____________ sr .$ 4 ,4 2 1 ,388df .$475,5-14sr.$2 ,85 0,52 2
* In clu d e d In o p e r a tin g e x p e n se s.
O F F I C E R S .— C h airm an , H e n ry W a lte rs , N . Y . ; P r e s ., M . H . S m ith ,
L o u is v ille , 1st V .- P , VV. L . M a p o th e r; 2d V . - P . , A . VV. M orrlss, 71 B ’ w a y ,
N . Y .— (V . 8 9 , p . 4 2 , 163 , 225 , 411 , 46 7 , 47 0 , 91 1 , 919, 926.)
L Y K E N S V A L L E Y R R . & C O A L C O .— O w ns fro m M lllersb u rg, P a ., t o
VVUIlamstown, P a ., 20 m iles.
Lease to N o rth e rn Cen tral Is term in ab le on
60 d a y ’s n o tice .
R e n ta l, $35 ,0 0 0 p er a n n u m .— (V . 64, p . 330 .)
M A C O N & B IR M IN G H A M R Y .— O w ns S otk ee J e t. to La G ra n ge . G o ..
97 m iles; tra ck a g e , S o fk c e to M a co n , G a ., 8 m iles. V . 7 8 , p . 584 . O n
F e b . 3 1908 S . F . P a rr o tt w as a p p o in te d r e ce iv e r. V . 8 6 , p . 337 .
In y e a r 190 7-0 8, gross, $ 14 6,88 2; o p . d e f., $ 17 ,757 ; ln t ., ta xe s an d re n ta ls,
$ 39 ,223 ; b a l., d e f ., $ 5 6 ,9 8 0 .— ( V . 86 . p . 337 .)
M AC O N D U B L IN & S A V A N N A H R R .— O w ns road fro m M a con to V Id a lla , G a .. 93 m iles. S t o c k , $ 3 ,2 0 0 ,0 0 0 a u th .; o u ts ta n d in g , $ 2 ,0 4 0 ,0 0 0
(p a r $ 1 0 0 ), su b s ta n tia lly all o w n e d o r u n d er o p t io n b y S e a b o a rd A ir Line
R y ., w h ich g u a r a n te e s b o n d s, p rln . a n d In terest. V . 89, p . 43. O f the
b o n d s, $6 0 0 ,0 0 0 are r e se rv e d fo r Im p ro v e m e n ts an d b e tte rm e n ts . V . 8 4 ,
p. 102, 450 .
F o r y e a r e n d in g Ju n e 30 1909, gross, $33 4,56 2; n e t, $64 ,217 ;
o t h e r In c., $1,760; ln t ., re n ta ls, & c ., $75 ,3 8 2 .
P r e s ., H o m e r L o r in g , B os­
to n , M ass.— (V . 8 6 , p . 981.)
/M AINE C E N T R A L R R — L in e o f r o a d , P o r tla n d t o V a n c e b o r o , M e ., v ia
A u g u s ta , 251 m iles; b ra n ch e s , C u m b erla n d J e t. t o S k o w h e g a n , via L e w isto n ,
91 m .; B a th to L e w isto n a n d F a rm in g to n , 76 m .; B e lfa st, F o x c r o ft , B u ck sm o r t a n d M t. D esert, In clu d in g fe rr y (7 .7 m .) , 132 m .; P o r tla n d & O g d en s b ’ g
R y ., P o r t la n d ,M e ., t o L u n e n b c r g .V t ., 109 m .;s m a ll b r .,1 1 m .; U pper C oos
an d H e re fo rd ra ilw a y s , Q u e b e c J e t ., N . H ., t o L im e R id g e , Q u e b e c, 108 m .;
P o rtla n d & R u m fo r d F alls s y s te m , 104 m .; B a th t o R o c k la n d (In clu d in g
ste a m fe rr y , 6-10 m .) , 49 m .; to t a l, Ju n o 30 1909, 931 m iles, o f w h ich 400o w n e d , 498 o p e r a te d u n d e r 0 0 9 -y e a r leases a n d p r a c t ic a lly o w n e d , 33 r o ­
u n d er 5 0 -y e a r leases a n d 8 m . fe rr y lin es.

,Leech L.

Kahbekana'
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RAILROAD & CONNECTIONS.

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R A IL R O A D S
F o r explan ation o f colu m n headings, & c ., see n otes

on first page o f tables

I N T E R E S T OR D I V I D E N D S
M ile s
of
Road

D ate
of
Bon ds

O
O o

In J a n . 1904 th e en tire s to c k o f the W a s h in g to n C o u n ty R y ., 139 m iles,
w as Durchased. Its 3 H % b o n d s (see ta b le a b o v e ) bein g g u a r ., p rln .a n d ln t .,
b y e n d .; b u t road Is o p e r . se p a r a te ly .’ V . 78, p . 103, 820 , 989; V . 7 9 . P 264 0.
In A p ril 1907 c o n tr o l o f S om erset R y ., O a k la n d to K ln e o S ta t io n , M e.,
a n d b r a n c h , t o t a l, 94 m iles, w as a c q u ir e d . V . 8 4 , p . 80 4 , 1183. T h e P o r ta n d & R u m fo r d Falls R R . (w h ich see) w as ta k en o v e r u n d er 9 9 » -y c a r lease
In A p ril 190 7. V . 8 4 , p . 86 8 . 931 .
S T O C K .— S to c k fo r $ 2 ,5 1 6 ,0 0 0 o w n e d b y B o s to n & M aine. V . 7 2 , p . 98 8 .
D I V I D E N D S .— 1884 t o J u ly 1903, 6 % y e a r ly ; O c t . 1903 t o J u ly 1907,
7 % ; O c t ., 1907, to O c t . 1909, 8 % y e a r ly ( Q .-J .) .
B O N D S — T h ere are also $81 ,000 M aine S h ore L ine 6s a ssu m ed , due 1923;
a ls o $ 80 ,500 B elfast & M o o se h e a d L a k e m tg e . b o n d s , due 1920, n o t g u a r­
a n t e e d , in terest a n d sin k in g fu n d p a id o u t o f re n ta l; A n d & K e n . s to ck
b o n d s , $ 1 1 ,0 0 0 , ex c h a n g e a b le fo r M . C . s to c k ; M aine C en tral Interest scrip
e x c h a n g e a b le for co n s o l, b o n d s , $ 8 ,1 9 2 . J o in tly w ith B. & M . gu aran tees
$ 3 0 0,00 0 P o rtla n d U n ion S ta tio n b o n d s.
In M a v 1908 $ 2 ,1 1 9 ,0 0 0 P o rtla n d & O g d e n sb u rg 2 0 -ye a r 4 M % g u a r ­
a n teed b on d s d a te d N o v . 2 1908 w ere so ld to refu n d th e b o n d s m atu rin g
N o v 1 1908
V . 8 6 , p . 1285.
In 1909 so ld $ 2 ,0 0 0 ,0 0 0 4 % 5-y e a r d e b e n ­
tu re n otes d a te d A p r. 1 1909.
V . 8 8 , p . 686.
E A R N IN G S .— 2 m o s ., 1 1 9 0 9 ................ G ross, $ 1 ,6 4 1 ,6 0 4 ; n e t, $652,364
J u ly 1 to A u g . 3 1 .
11908__________G ross,
1.519,549, n e t,
536,724
A N N U A L R E P O R T .— R e p o r t fo r 1908-09 w as in V . 89, p . 842
1908.
Y ear ending
1909.
Y ea r ending
1909.
1908.
$
J u n e 30—
$
J u n e 30—
$
„5
655 ,095
665,106
G ross e a r n i n g s ..8 ,3 3 7 ,7 2 4 8 ,5 1 4 ,2 o 6 I n t e r e s t ________
896 ,780
N et ea rn in g s___2 ,2 0 7 ,5 1 8 2,213,751 R e n t s ___________ 900,619
398,144
O th er In c o m e ___
61,919
63,223 D iv id e n d s ( 8 % ) . 398,152
109,070
76,423
H ire o f e q u lp ’ t . .
13,440
13,440
N e t In c o m e ___ 2 ,2 6 9 ,4 3 7 2 ,276,974 S in k in g fu n d ___
194,078
A d d itio n s , & c ._ 113,733
10,366
B a la n ce surplus
- - - - - - - __- ---------------------------- 101,964
— (V . 86, p . 229, 1285; V . 8 7 . p . 675 , 9 3 2 ; V . 8 8 . p . 686; V . 8 9 , p . 842.)
M A N C H E S T E R & L A W R E N C E R R . — O w ns fro m M anchester, N . 11.. to
M et hue n (St ate LI ne) , 2 2 X Julies.
Leased fo r 50 years from S e n t . 1 1887 to
B o s to n & M aine at rental p a y in g 1 0 % d lv .
In 1895 a d lv . o f 5 0 % paid from
proceed s o f C. & M. s u it.— (V . 73, p. 1264.)
M A N H A T T A N R Y . (E L E V A T E D ' .— (S ee M a p Tnterhoronnh Rapid Tran
t it c o ) — O w ns all th e e le v a te d railroads In b o ro u g h s o f M anhattan and the
B r o n x N Y C ity m ain line and bran ch es, 37 15 m iles, d o u b le -tra ck e d , w ith
24 m iles a d d itio n a l third tra ck , sid in gs, & c ; to ta l tr a c k . 118 m iles; 3d rail
e le ctr ic .
V . 7 0 , p . 176. 633; V . 75, p . 733.
L E A S E __ T h e In te rb o ro u g h R a p id T ra n sit C o. leases the road fo r 099
vears fro m N o v . I 1875, g u aran teein g 7 % per an n u m on the s to c k . V .7 5 .p .
1909
i i n ? - V 76 n 212 : V . 79, p. 2456; also In te rb o ro u g h R a p id T ran sit
C o f V - 76, p . 101. G u a r a n ty . V . 76. p . 480.
BO N D S __Consolidated mortgage (tru s te e , C entral T ru s t C o.) Is lim ited on
p resen t m ileage t o $ 4 0 ,0 0 0 ,0 0 0 . and p ro v id e d fo r prior b o n d s w hen du e.
A m o u n ts b e y o n d $4 0 ,0 0 0 ,0 0 0 m ay be Issued fo r exte n sio n s at the rate o f
$300 000 o c r m ile o f single and $600,000 per m ile o f d o u b le track .
Of
the b on d s $11 7 1 2 ,0 0 0 are t a x -e x e m p t .
(See a b s t r a c t o r m tge. In V. 51. p.
2 4 8 . a n d c o m p a r e V . 52. p . 353; V . 8 6 . p . 1467 1589; V 87 p. 285
T o M ay 1898 cla im s agg re g a tin g $8,847,854 had been paid as dam ages to
a b u ttin g p r o p e r ty a n d o th e r cases w ere b e fo r e th e c o u r ts .
I a xe s In IIt I(ration O ct. 1907 (o th e r than fra n ch ise t a x ) , p er ba la n ce s h e e t, $ 1 9 ,8 6 6 .
V 85 p . 1339. In J a n . 1907 fra n ch ise taxes fo r 1900 to 1905 ($3,1 7 0 ,1 4 2 )
w ere p aid a n d In Ju n e 1909 th o se f o r 1906 to 1908 ($ 1 ,7 0 6 ,4 0 3 ).
V , 84,
p . 271; V . 8 9 , p . 42.
D I V I D E N D S .— ! '8 9 . '9 0 - 9 6 . '9 7 . '9 8 . '9 9 . '0 0 . 0 1 . '0 2 . '0 3 . S in ce.
S in ce 1888
---% )5 V 5
6 y 'r l y . 4 H
4
4
4
4
4 7M 7 % y ’ rly
Y ea r ETidiTlO *JU
T16 3 0~~~
1908.
1900.
190
G ross L r n ln g s
- - .................................... $14 ,038 ,76 1 $12 ,7 9 4 ,7 2 0 $13 ,198 ,29 2
N e f o v e r o p e r a tin g e x p e n s e s ..................
7 ,7 3 9 .3 7 9
7 ,3 7 2 ,0 0 6
7.651,354
O th er in com e
457 ,113
363 ,308
309.952
T n ^ rest rlm tals an d t a x e s .....................
3 ,3 4 6 ,6 0 7
3 ,1 8 1 ,5 5 4
3 .0 0 7 .5 1 8
D iv id e n d s - - - - - - - - - - .............................. (7 )4 ,2 0 0 .000 (7) 3 ,8 6 4 ,0 0 0 (7) 3 .8 6 4 ,0 0
Surplus a fter d iv id e n d s - - - - - - - - *849 885
$689 760 $1,089,392
__ ( V . 8 6 , p . 1467, 1589; V . 8 7 , p . 3 7 , 2 8 o , 1301, V . 89, p . 42.)
M A N IL A R Y
(1906) L t d .— O R G A N I Z A T I O N .— T o o w n (per plan
V 83 n 1470) p r a c tic a lly all th e b o n d s and shares Issued b y the Manila
tj'tj J . Mew J ersey .
T h e la tte r w ill build a b o u t 420 m iles o f road o n the
Isla n d o f L u zon , P h ilip p in e Islands (V 83. p. 1 3 4 8 ). and take o v e r the pres­
e n t s y s te m , 208 m iles, o p e ra te d b y th e M anila R y . (old C o ,) . to ta l to be
652 m iles.
In co rp o ra te d u nd er law s o f G reat B ritain. S p ey er & C o. and
o th e r s are fu rth erin g the en terp rise. C on stru ction w as begun In M ar. 1907
C on cession a m en d e d M ay 1909. V . 8 8 , p. 1313.
S T O C K .— O rd in a ry shares a u th o riz e d . £2 ,0 0 0 ,0 0 0 ; 5 % n o n -cu m . p refer
e n ce shares, w ith preferen ce as to principal In case o f liq u id a tio n , £2,000.000
all o f £10 ea ch .
O f o rd in a ry shares, £1.600,730 Is reserved fo r the new Co
D E B E N T U R E S .— T h e " A ” and “ B ” 4 % d e b e n tu re b on d s are secured by
th e sam e tru st deed and are a first and se co n d ch arge, r e s p e ctiv e ly . Th e
“ A ” d eb en tu res are s u b je c t to call a fte r 1925 a t 105.
D en om in a tion s o f
d eb en tu res . £20, £50, £100 an d £200. T o ta l Issuable on 652 m iles, u nd er
su p p lem en ta l trust d e e d o f M ay 1909, £2,0 0 0 ,0 0 0 each o f “ A ” and " B "
d e b e n tu re s , o f w h ich there are n ow Issued £1,8 0 0 ,0 0 0 A and £1,830,000
“ B ” w ith p o w e r , b y resolu tion o f the d e b e n tu re b o n d an d s to ck h o ld e rs o f
t h a t cla ss, to Increase the lim it o f ea ch o f the Issues to £ 2 ,2 5 0 ,0 0 0 .
V . 86.
n 337 : V . 8 7 , p . 166; V . 88, p . 1197.
j£ , l . H iggin s Is P res, and G en. M gr. o f th e A m . C o .— ( V . 88 , p . 1313.)
/M A N IS TE E & N O R T H E A S T E B N R R .— O w ns fro m M anistee, M ich ., to
T r n w ia p C ltv . 71 m .: S o lo n to P r o v e m o n t, 15 m .; P latte R iv e r to E m pire
l e t 1 7 m ' o th e r , 24 m .; t o ta l. 127 m . S t o c k , $ 2 , 000 ,000 : o u t ., $52 5 ,7 6 6 .
n r the " b o n d s ($ 1 ,5 0 0 ,0 0 0 a u th o r iz e d ), $ 1 ,0 1 5 ,0 0 0 are o u ts ta n d in g .
340 000 m atu re Ja n . 1 y e a r ly fro m 1912 t o 1936 an d $15 ,000 In 1937, the
r em a in in g $4 8 5 ,0 0 0 b e in g re se rv e d fo r exten sion s an d Im p ro v e m e n ts, th e




A m ount
O utstanding

R ate
%

6 g
$1,000 k $ 1 .1 7 7 .0 0 0
1 ,996,000
5 g
1,000
4 g
1,000 r 4 ,6 19 ,000
6 g
1,000 O w n L & N
7 ,:9 2 ,0 0 0
5 g
1,000
g
1,4 0 0 ,0 0 0
1,000
4 g
1,000 & c n 5 ,8 82 ,500
4 g
1,000 j 6 , 705 ,0 0 0
999 ,0 0 0
5 g
1,000
500 ,000
4 g
1,000
4 g
1,000 &c z l0 ,2 4 5 ,0 0 0
2 ,5 0 0 .0 0 0
4 g
1,000
4 ,0 5 9 ,0 0 0
5 g
1,000 & c
ulsvllle.
600 ,000 5 In 1909
20
500 ,000
1,000
5 g
1,2 4 0 ,0 0 0
5 g
1,000
4 ,9 9 5 ,7 0 0 8 in 1909
100
5 & 7
4 ,1 9 3 ,5 0 0
100 &c
4 ,7 9 0 ,5 0 0 4 &
100 &c
5
669 ,000
1,000
450 .000
4H
1,000
1 .000,000
1.000
4 g
4
2,0 0 0 .0 0 0
1,001) AC
4
1 ,300,000
1,000
400 ,000
5
1,000
2 ,4 )4 .1 0 0
5
100
2
4 ,392,538
100
2 119 000
4 «
1,000
3 00 ,000
4
1,000
5
122,000
100
4
175,000
1,000
4
800 .000
100
4
8 00 ,000
1,000
6
350 ,000
10C
4
350 .0 0 0
1,000
4H
693 ,000
l.OOC
A d d ’ l am ts. o w n e d b y C o. Ju
r$217 ,000 5 $ 2,000
ec
w
c

10 1881
Lou & N (C on )— H en d Iir C o 1st M g d r 1 0 5 -- C e .c
105 1887
N a s h v F lo r & S heff 1st M g assum ed In 1 90 0— C e .c
254 1896
P a d u c a h & M em d lv 1st M , 5 5 ,0 0 0 ,0 0 0 g o l d . - - - - - 192 1880
S ou & N or A la b a m a 2d M g o ld sin k f d $ 2 ,0 0 0 ,0 0 0
192 1886
C on sol m o r tg a g e (fo r $ 1 0 , 000 ,000 ) g o ld g u . -C e .c *
1895
N e w p & Cln Br 1st M g s f assum gu b y P e n n C o . - F
1902
L & N -S o J’ t M $ 7 ,7 5 0 ,0 0 0 red 105 sin ce ’ 0 7 - S .c * & r
247 1887
K e n t u c k y C en tral 1st M ($ 7 ,0 0 0 ,0 0 0 ) g o ld - M p . o *
228 1896
A tla n ta K n o x v ille & N o rth e rn first m tg e g o l d — Ce
228 1902
C on s olid a ted m o rtg a g e g o ld $ 1 0 ,0 0 0 p er m i l e . - U s
726 1905
"L & N — A t l K n o x & C D lv M $ 5 0 . 000 . 000 - U s .c * & r
1902
L & N T erm M $ 3 ,0 0 0 ,0 0 0 g o ld gu a r jo in t l y - -M a c *
1907
N otes to b e p aid a t m a t u r it y --------- - - - - ---------- c * r
nap oll s & L o
L o u is v ille N ew A lb a n y & C h ic a g o — See C h ica g o In d ia
19
L y k en s V alley— S t o c k .
R e n ta l p a y s 0 % - - - — - - - ­
97 1896
M acon & B irm in gh a m — 1st M $50 0 ,0 0 0 g o l d - - - O B .c
93 1907
M acon D ublin & S a v — 1st M $ 1 .8,4 0.000 g gu p & l- N .c *
M aine C en tral— S to c k an d scrip (5 1 2 ,0 0 0 ,0 0 0 )-------- - F irst c o n s o u a a te a m o r i- u ^ o w ,o u u a it >
—
V 1 304 f 1872
\1872
g a g e , $ 9 ,0 0 0 ,0 0 0 ____ ) ($ 3 ,2 6 5 ,5 0 0 are 4 s ) . . c& r r
41 1883
C ollateral tru st b on d s fo r M t D esert B r a n c h .- A B .c
'8 6 -'8 7
I m p r o v e m e n t b o n d s " A ” & “ B ” n o t m o rtg a g e s i - .
56 1893
M aine C en tral E u r & N o A m re fu n d in g m tg e g o l d .
1909
N otes $ 2 ,0 0 0 .0 0 0 .................................. - - - - ...................- - ­
48 1890
F ir s t m tg e P e n o b s c o t S hore L in e R R C o a s s u m e d ..
48 1891
K & L s e c o n d m tg e (fo r $400,000) assum ed _ .B B
120
E u ro p e a n & N or A m e r s t o c k 5 % re n ta l 999 y e a r s . .
109
P o r tla n d & O g d en sb u rg s t o c k (2 % rental 099 years)
109 1908
First m ortg a g e gu a ra n te e d prln an d ln t endorsed
’8 7 - ’89
P o r tla n d U n ion S ta tio n series " A ” & " B ” (te x t) s 1
17
D e x te r & P isca ta q u is s to c k 5 % ren tal 999 years . . .
17 1889
F irst m tg e D e x te r to D o v e r & c gu ar b y e n d — BD
53
H e re fo rd R y s to c k (ren ta l 099 y e a r s )-----------.- - - - ­
53 1890
F irst m ortg a g e gu a ra n te e d prln & ln t (e n d o r s e d ).
55
U p p er C oos R R s to c k 6 % ren tal 999 y e a r s - - - - - - - 22 1890
F lrst m ortg a g e gu a ra n te e d prln & ln t (e n d o r s e d ).
33 1890
E x te n sio n M $21 ,000 p m gu a a n te e d p & 1 (end)
. See te x t .
b A ls o $ 4 ,3 8 4 ,0 0 0 In trea s.or p led ged fo r oth.Issi
0. k $1 00.000
f $15 ,0 0 0 . g $424.000 h $97,000. i $ 67 1,00 0. )

S iz e, or
Par
V a lu e

W hen
P a yable
M
F

M
M
J
M

&
&
&
&
&
&
P
&
&
&
&
&
&

W here P a y a b le, and by
W hom
71 B r o a d w a y , N ew Y o r k
do
do
do
do
do
do
do
do
do
do
J P M organ & C o , N Y
71 B r o a d w a y , N ew Y o r k
do
do
do
do
do
do

B on d s— p r in c i­
p a l., W hen D u e
S to c k s — L ast
D ividend
Sept
Aug
F eb
Apr
Aug
J u ly
J u ly
J u ly
D ec
M ch
M ay
D ec
M ch

1 1931
1 1937
1 1946
1 1910
1 1936
1 1945
1 1952
1 1087
1 1946
1 2002
1 1955
1 1952
11910

O ffic e . 13 W illia m S t,N Y O c t 1 1909 1 yi
J N o c o u p o n s e v e r p aid J u ly 1 1946
J N ew Y o r k T ru s t C o , N Y Jan 1 1947
O ct 1 1009 2 %
Q J O ffic e , P o r tla n d , Me
1A p r 1 1912
A & O B o sto n a n d P o rtla n d
/A p r 1 1912
do
do
A & O
A m erica n T r u s t, B o sto n Jun e 1 1923
J
& D
J
&
J N Y , B o sto n & P o rtla n d Ju ly 1916-1917
Jan 1 1933
do
do
J
&
J
A pril 1 1914
do
do
Q— J
A u g 1 1920
do
do
F & A
F eb 1 1921
do
do
F
& A
O ct 15 1909 2 X
do
do
A & O
Q — F 28 M aine C en t O ff, P o rtla n d A u g 3 1 ’ 09. X %
M & N N Y , B o sto n & P o rtla n d N o v 1 1928
J
&
J F id e lity T r C o, P ortlan d Jun e 27-Jan 29
J u ly 1909 2 H %
J
&
J O ffic e , D o v e r, Me
I
&
J B os S afe D ep & T r Co J u ly 1 1929
2%
M & N N Y , B oston & P o rtla n d N o v 1009
M ay 1 1930
do
do
M & N
3%
N o v 1909
O ffic e , P o r tla n d , Me
M & N
M & N N Y , B o sto n & P o rtla n d M ay 1 1930
M ay 1 1 0 3 0
do
do
M & N
ly 1909, v iz .: c $ 2 l,0 0 0 . d $163,00 0. e $ 7 ,000.
P C ou p on s J&.J: re g Q J
z$t 1.457, 000
J
J

Q—J
&
&

la tte r a t n o t m ore than $100,000 y e a rly a t n o t o v ° r 8 0 % o f c o s t . S in k in g
fu n d o f 5 0 % o f surplus Incom e b e gin n in g J u ly 1 1010 Is to b e used to call
b o n d s b y lot at 102 X an d Interest u n til $ 1 ,0 0 0 ,0 0 0 have been ca n c e le d .
V . 88, p . 3 7 5 , 823. C al. y e a r 1908, gross, $ 43 0,25 2; net a fte r ta x es, $ 1 0 5 ,­
809: ln t. o n u n fu n d e d d e b t , $ 86 ,364 ; b e tte rm e n ts an d a d d itio n s , * 1 4 ,5 0 4 ,
b a l., s u r ., $ 4 ,9 4 0 . P r e s ., E d w . B u ck le y , M an istee, M ich .— (V . 88. p . 823 .)
M A N1 ST 10 U E & L A K E S U P E R IO R R R .— M antstlque . M i c h . , o n L a k e
M ich ig a n , n o rth e rly to S h ln g le to n , o n th e D u lu th S o. Sh ore & A tla n tic ,
40 m ., w ith b ra n ch to M cN e il's , 13 m .; V . 75, p. 185.
O perates ca r ferries
b e tw e e n M an istlqu c and N o rth p o rt an d M an lstiqu e and L u d ln g to n o n P ere
M a rq u e tte R R .
S u cce s s o r J u ly 1909 to M an lstiqu e & N orth ern
C on ­
tro lle d b y the sam e in terests as th e A n n A r b o r an d w ill be m an aged In co n itn m a t c o . v .
ju n c tio n w ith tlia t c o . V. 81, p. 975; V . 87, p . 9 7 ; V . 89, p . 470 . S t o c k ,
iz e d j i . o m .v u u
4 /■
$25 0 ,0 0 0 .
B o n d s a u th o r lz c u , ^I'SOOjOOO 2 6 -y e a r -*%* ------ ~
VCi
d a te d A u g . 1 1909. in te re st p a y a b le y e a r ly 1 earn 'ed’ o”u tsta n d in g
i\.UV4. 1 lU U V , H HUlCiJU
; ....... ~
.
Y e a r e n d in g Ju n e 30 1909, gross, $ 7 3 ,l o l ; n e t, a fte r ta x e s ,
$ 1 ,1 0 0 ,0 0 0 .
$ 2 ,0 0 9 .— (V . 8 7 , p. 97; V . 8 9 , p. 411 , 470.)
M A N IS T E E & G R A N D R A P I D S R R — See page 171.
M A N IT O U & P I K E S P E A K R Y — See page 171.
M A R IE T T A C O L U M B U S & C L E V E L A N D R R . - R e c e i v e r d isch a rged
S e p t. 1909, c o m p a n y resu m in g possession .
V . 8J, p . oj ,s.
M A R S H A L L & EAST TE \ AS R Y — See page 171.
M A R Y L A N D D E L A W A R E & V I R G I N IA R Y .— See page 171.
M A R Y L A N D & P E N N S Y L V A N IA R R — B a ltim o re M d .. to Y o r k . P a ..
80 m iles, w ith b ra n ch , D elta to P e a ch B o tto m , 4 m .
V . 72, p . 339.
S T O C K A N D B O N D S .— S to c k a u th o riz e d , $ 3 ,6 0 0 ,0 0 0 . o f w h ich $ 1 ,9 9 7 ,­
500 reserved fo r futu re requ irem en ts.
In 1902 the a u th orized Issue o f th e
first 4s w as reduced irom o s ,n n /.u /ra to $1 ,2 0 0 ,0 0 0 , o f w hich $2031.000 iare
reciucea from $ 2,700,000
v .
, „
n
reserved to retire the Y o rk and P ea ch B o tto m 5s and $100,000 a d d i­
tio n a l fo r future pu rposes, &e.
& c.
V. 74, p . 04, 427; V-. 79,, p . 2205.
V . 79
M ary
ary­
land & P e n n sylva n ia T erm in al g u aran teed b o n d s. V . 82, p . 1041, 1102.
E q u ip m e n t n otes D ec. 31 1908. $ 35 ,000 .
P aid o n Incom es 1 9 0 1 .3 % ; since
to 1908, in clu sive , 4 % y e a rly .
F A R M IN G S
2 m o s .,/1 9 0 9 _______________G ross, $69 ,069 ; n e t, $23,157
J u ly 1 to A u g . 31
11008........................... G ross,
66,309; n e t,
20,497
Surplus o v e r charges In 1908-09, $15 ,2 4 0 , again st $12 ,580 .
R E P O R T .— F o r year e n d in g D ec. 31 1908, gross, $36 7,03 3; n e t, $ 10 3,44 1;
ln t. on b o n d s, A m , $83,765; b a l., s u r ., $19 ,6 7 6 . P r e s ., J o h n W ilson
B r o w n .— (V . 86 , p . 421; V . 88 . p . 506.)
M ASON C IT Y & FT D O D G E R R .— (S ee M a p Chicago Great W estern.) —
O w ns m ad Vmm O elw ein la to C ou n cil Bluffs. 260 m iles; H ay fie ld . M in n .,
to C larion, Iow a , 100 m iles; bra n ch es to L eh igh an d C oalvi le. Io w a ,
i s miles- tra ck a e e D en ver J u n ctio n to W a t e r lo o , Io w a , 13 m iles; C ou n ­
cil B luffs to S o u th O m a h a , 7 m iles; to ta l, 399 m iles. T h e
W estern o w n s the entire o u ts ta n d in g co in , s to c k ($ 1 0 ,205,400 o f tlie
th o rlre d $ 20 ,000 ,00 0) and the n o n -cu m . 4 % prof sto ck ($13,63o^7o2 o r th e
$1 4 ,0 0 0 ,0 0 0 a u th o riz e d ) and o p e r a te s th e road as p art o f Its m ain I ne t o
O m a h a , under a 100-year agreem en t d ated A p ril 1 ltiOl and later m od ifie d ,
th e M. C. & F t.D . re ce iv in g 6 0 % o f all earn in gs from business In terch an ged .
A n y surplus o f net earnings a fte r p a y m e n t o f Interest on b o n d s and p r e l.
s tn r k Is to be held In trust by C. G . W . fo r p a y m e n t o l future c o u p o n s .
T h is surplus on Jun e 30 190 a m o u n te d t o $ 1 ,221; 866.
In 1905 $12 ,0 0 0 ,0 0 0
4 % b o n d s w ere s o ld .
C om pa re C h ic. G reat W estern Ity . and V . 7 .1 , p.
566, 616, 722; V . 7 7 , p . 640; V . 78, p . 1782; V . 8 0 , p. 2621.
F A R N IN G S
12 m o s ., 11 9 0 8 -0 9 ______ G ross, $1,91 9 ,9 6 6 ; n e t, $57 1,47 2
l u lv 1 to J u n e 3 0 .
\ 1 90 7-0 8______ G ross, 1,796,144; n e t, 593 ,756
R e n o rt fo r y e a r 1900-07 In V . 85, p. 1030.
In 1907-08, gross, $ 1 ,7 9 0 ,1 4 4 ;
n et $ 5 9 U 352 r c h a r g e s . $ 64 0,57 7; b a l.. d e f „ $ 4 6 . 2 2 5 . - ( V . 88 . p . 1437.)
M A A M I P P 1 V A L L E Y R Y .— P ro v in c e Line to L e n o x v lllc , Q u e ., 34
m il's
w ith b ra n ch ; 3 m ; track age to S h e rb ro o k e . Q ue. 3 m ; to ta l. 40 m .
F eascd fo r 999 years from J u ly 1 1870 to the C o n n e cticu t & P assu m p slo
RWeFs R R
Stock *80 0 .0 0 0 : par o f shares. $100: d iv id e n d s p a y a b le I-’ e b .
R iv e rs H i t .
f o r m e r l y 5 % , 6 % since Jan. 1 ’ 97.
O f the s t o c k ,
44 onAnno ow n ed b y the C on n . & Pass. R iv e r Is de p o site d under Its m tge. an d
IVn
Is represented b y C o n n e cticu t T ru st & Safe D eposit C o. o f H a rtford
5 % trust ce r tio r a te s
(See " S u p p le m e n t '' o f O cto b e r 1901.)
m m u i V P I) R R — O w ns from Sisson Cal . to M cO avIo, 50 .6 m iles,
q p 'm u s i 200 000
B on ds ( $ 1 ,200,000 a u t h .). M ercantile T ru st C o .. San
F r a n cis c o ! m o rtg a g e trustee
V 8 5 . . p, 1005.
F or year e n d in g Jun e 30
19 0 8 Cg r o s s m$> 2 7 ,089; n e t. $ 1 6 0 ,9 3 3 ;'ln t., ta xes, & c., $151,093; b a l., sur.
4
8 ^ 8 4 0
Pies an d cibn. M gr.. J. H . Q u cal; V .- P ., D . M . S w o b o .
O ffic e .
Jam es F lo o d B ld g -. San F ra n cisco . C a l . - ( V . 85, p . 1005.)
M F A D V IL L E C O N N E A U T L A K E & L I N E S V I L L E .— M eadvllle t o
f ini svllle Pa 20 .5 m iles, and bran ch es 1.2 m iles; to ta l. 2 1 .7 m iles. Leased
to rune 8 1990 to P ittsbu rgh Bessem er & Lake Eric R R .; ren tal. 2 5 % o f
gross earn in gs
S t o c k . $200,000; par, $50.
u p u |D l AN T E R M I N A L CO. O w n s passenger s ta tio n at M eridian. M iss.
0 „ e n e d 's e p t . 1 1906. and used by the Sou th ern R y ., M obile & O h,° .
O rleans & N ortheastern R R ., A la b a m a & V ick sbu rg and A la b a m a G rea t
S ou th ern w hich o w n nne-O fth each o f the capital s to ck (* 100.000 s.u th ..
o f w hich $89 ,000 Issued S ep t. 1908) and gu aran tee th e bonds Jointly a n d
severally b v en d o rse m e n t; fo rm , V . 85. p. 601.
P re s., D . D . C urran. S e e ..
W J K e lle h cr.— (V . 85. p. 601 , 1402.)
M E X IC A N C E N T R A L R Y .— In 1909 sold t o N at. R y s . o f M e x ico.

reyM72 m e n bVan°cl? t ^ m h u a M I ^ ! ' « mh ; ' b ra n ch 8 'D u ra n g o to T e p eh u a n es.
via S a n tia go P a p a sq u le ro . 135 m .; Carbon bran ch . 4 m ., to ta l, 918 m .
i , , np
niAQ in clu d in g CoAhullft Coftl R y .i B&rotcr&n to M usciulz, 24 m ••
1 1921* V
83 n 1 1 1 2
O rg. under laws o f C o n n e c tic u t.
“ n A p r ll 19 0 2 c o n tr o l o f the road ($ 1 5 ,7 8 6 ,1 0 0 o f the s tock and a l l o f th e
$ 4 ,4 9 9 ,0 0 0 Incom e bon d s) w as taken o v e r b ^ ^ hr
en a V0i n n o I n * t h o
as ncr plan V . 73, p . 784 , the latter be in g on Ja n . 1 1909 m erged In tn o
N ation a l R a ilw a y s o f M e x ico . See th a t c o m p a n y .

IN T E R E S T OR D IV ID E N D S .

R A IL R O A D S .
F o r e x p l a n a t i o n o f c o l u m n h e a d in g s , A c . , see n o te s
on fi r s t p a g e o f ta b le s.

M ile s
of
R oad

D a te
of
B onds

S iz e , or
Par
V a lu e

Am ount
O u t s ta n d in g

$100
$ 122,000
14
M aine Cen tral ( C o n c l ) — D e x te r A N e w p o r t s to ck 5 % .
1,000
175.000
14 1897
F irst M (o ld 6 s refu n d ed In 1807) guar P& I e n d c"
100
200,000
10
E astern M aine s to c k 4 4 % ren tal 909 y e a r s ...............
1,000
2 ,5 0 0 ,0 0 0
137 1904
W ash C o 1st M $20 ,000 p m g o ld guar (end) redeem
1,000
1 ,500,000
1907
Som erset R y n otes S l.6 0 0 ,0 0 0 gu ar prln A In t------P o rtla n d A R u m fo r d Falls R R — See th a t c o m p a n y
100
1 , 000,000
22
Manchester & Lawrence— S tk 1 0 % r e n t till '37 B & M
1,000
274 ,000
1892
R ea l e sta te b o n d s (n o t m ortg age) Int gu b y 1) A M .c
100 6 0 ,0 0 0 .0 0 0
37
Manhattan (Elevated) R y , N Y— S to c k 5 6 0 ,0 0 0 ,0 0 0 ..
1,000
1 , 000,000
32 1886
N Y Elev deben tu res secu red b y co n s m tg e of 1 8 9 0 ..
37 1890 1,000 &c 3 9 ,7 7 7 ,0 0 0
M a n h a ttan Elev con s (n ow 1st) m tge g o l d . .C e ,c * & r
1 , 100,000
1909
Manistiquc & L ake Sup— In c M 4 % n -c 51,3 0 0 ,0 0 0 an
1,015,000
1,000 1909
Manistecfc Northeast— 1st M g due part y ly red t e x t c*
1,000
500,000
9 1908
Manitou & Pike’ s Peak R y — 1st M $500,000 g-l-c.c
1,000
250.000
44 1890
Marietta C olu m b u s & C le v e — First M 5250 000 g . _ . K
1,000
2 ,000,000
71 1905
Md Del & Va— 1st M 5 2 ,0 0 0 ,0 0 0 au th g o ld guar p A I
50 &e
202,450
40 1882
Maryland & Pennsylvania— Y o r k & P ea ch B o tto m M
1,000
897 ,000
80 1901
F irst m ortg a g e S l.2 0 0 ,0 0 0 g o ld call a t 105-MeBa.c*
900 ,000
1,000
80 1901
I n c o m e m ortg a ge 590 0,00 0 4 % cu m call at par MBa
200,000
1,000
1906
M arylan d A Pa T er 1st M 5200,000 g g u p & 1 red 110
1,000 12 ,000,000
378 1905
Mason'City & Pt D o d g e — 1st M $ 12 , 000,000 g C e.c& r
100
800,000
37
Massawippi— S tock guar sam e d lv as Conn A P a s s . . .
1,000
1 , 200,000
1907
M cC lou d River— First m ortg a g e $ 1,200,000
200,000
1,000
22 1891
McadviUe Conneaut Lake & L in e sv ille — F irst m t g e . . .
250 ,000
1905 1,000 &c
Meridian Terminal— First m tge $250,000 g gu S c*& r
Mexican Central— See N ational R ailw a ys of M exico
5,8 5 0 ,0 0 0
£100 &c
615 1897
Mex Int— P rior lien £ 1 , 200,000 red at p a r .U n .x c * & r
705 ,500
$500 &c
880 1897
First con s M $16 ,0 0 0 ,0 0 0 gold n o t g u a r ..M p ,x c * & r
6 .5 0 1 .0 0 0
500 &c
880 1897
do g. guar s ta m p su b j to call at 1)5 to Men 1>)07.
4.4 9 9 .0 0 0
In com e 4 % b o n d s (n o m ortg age) n o n -cu m u la tlv c - _
b.340,000
16 1899
Mexican Mineral— 1st M $50 0,00 0 g red 110 s t . . . D \ o
a708,000
1,000
83 1890
Mex North— First M U S g o ld , red 105, s f------ Mo.c &r
£10 £2,254,720
Mexican Railway Limited— O rd in a ry shares
£10 £2,554,100
First preferen ce s to c k 8 % — -------- --------------------------£10 £1,011,960
S econ d p referen ce s to c k 6 % . -----------------------------------£10 £ 2 , 000,000
342
P erpetual 6 % d eben tu re s to c k
- - r - - V o iV J >-----£100 £ 1 , 0 0 0 . 00(1
1909
2 d d eben s £ 1 .000.000 auth red par b e g 1912 s f ------£100 £3.000.000
1909
Mexico North Western— 1st M gold red te x t
a E x clu siv e of $952,000 held b y sinking fu n d , b $1 o . o o o ’ add ltlo nal In sin king fu n d .
S T O C K .— A u th oriz ed $ 2 5 ,0 0 0 ,0 0 0 ; Issued J u ly 1909, $20 ,7 0 8 ,2 0 0 .
B O N D S — In 1897 reorga n ized .
O f c o n s o l. 4s $2,4 9 7 ,0 0 0 w ere In J a n .
1905 reserved fo r ex ten sion s at $10 ,000 per m ile and Im p ro v e m e n ts. T h e
tota l Issue o f con sols Is lim ited to $16 ,0 0 0 ,0 0 0 . T h e g u a ra n ty o f prln . and
Int. b y N ational R R . o f M exico under .agreem ent o f Jun e 30 1902 stam p ed
on $6,5 0 1 .0 0 0 o f the con sols has been assum ed b y th e N a t. R y s. C o. o f M e x­
ic o . V . 75, p. 185. P rior lien 4 4 s , see V . 65. p. 151, 1071 C on sol. 4s o f
1897 listed on N Y . S to c k K x ch . F e b . 1898. See a p p lica tio n In V .6 6 ,p .3 4 1 .
D iv id e n d on In com es, 4 % , w as p aid fo r 1902 t o 1909 Inclu sive.
E A R N I N G S .— (M ex . c u r .) \ 1 9 0 9 ...........G ross, $1 ,2 7 7 ,3 4 4 ; n e t, $595,423
J u ly 1 to A u g 31. (2 m os.)
J 1 9 0 8 ----------G ross, 1 ,1 5 1 ,5 0 3 ; n e t, 447,306
A N N U A L R E P O R T .— R e p o rt fo r ye a r en d in g Ju n e 30 1909 w as In
“ C h ro n icle ” N o v . 6 .
F is c a l
Y ea r

T o ta l r e c ’ ts
N et rev.
( M e x .c u r .) (M e x .c u r .)

N et rev.
(I '.S .c u r .)

O th er
In com e.

In t. on
B on d s.

B a la n c e ,
S u r p lu s ..

$705 $745,360 $666,615
1 0 0 8 -0 9 ____ $ 6,953,284 $2,8 2 2 ,5 3 8 $ 1,411,269
1907 08- 8 .281,566
2 ,631,588
1.115,794
3,323 J.>4,o70 564,547
N ew Y ork o ffic e , 25 B road S tre e t., (V . 87, p. 115 4, 1180.)
M E X IC A N N O R TH E R N R Y .— O w ns fro m E sca lo n , M e x ico , o n th e M exl
can Central R y .. to Sierra M oja da. 83 m iles, all steel.
S T O C K — C apital stock Is $ 3 ,0 0 0 ,0 0 0 ; par o f shares. $100; see a p p lica tio n
In full for listing on N . Y . S to c k E x ch a n g e , V . 64. p . 619.
In Ju n e 1909 It w as arranged to e x te n d the $70 8,00 0 o u tsta n d in g 6 %
b on d s to D ec. 1 1930, the ob lig a tio n to p a y to the sinking fu n d in terest o n the
$95 2,00 0 b on d s held b y the fu n d to cease; b u t sink, fu n d o f 5 % o f gross
earnings an d Interest to co n tin u e on b o n d s a cq u ire d b y the fu n d a fter
D e c. 1 1910.
V. 8 8 , p. 1437, 1500.
In J u ly 1909 o v e r a m a jo rity o f the
b on d s h ad con sen ted to the e x te n s io n .
V . 89, p . 104.
D I V I D ’ S .— J’ 92.
’ 93. ’ 94. ’ 95 t o ’ 99. ’ 00.
*01. *02. ’ 03.
N on e
P er c e n t . . 16 4
64 6
4 y e a r ly .
5
4 )4
2
1)4
since
R E P O R T .— F or y ear en d in g D e c. 31, U . S. c u rre n cy ;
Y ear—
G ross.
N e t.
O th er in c o m e .
C h a rg es.
S u r p lu s .
$186,477
$49,517
$119,708
$116,286
1907 ............... $307,590
1906
328,816
210 ,505
46,503
116.040
140,968
— (V . 83, p . 1 34 4; V . 8 8 , p . 1313, 1437, 1500, V . 89, p . 104.)
M E X I C A N R Y .— See Issue o f J u ly 190 8.— (V .8 7 , p . 1420; V . 8 8 , p . 944 .)
M E X IC O N ORTH W E S T E R N R Y .— N am e ch an ged early In 1909 fro m
M ex ico T r a n sp orta tion C o.
,
C on trol has been a c q u ir e d o f the C hihu ahua A P a cific R R . (th rou gh p u r ­
ch a se b o th o f Its s to c k an d b o n d s ), e x te n d in g fro m Chihu ahua to M ln aca,
122 m iles, and La Ju n ta to T e m o s a c h lc , 55 m iles, R io G ra n de Sierra M adre
& P a cific (E l P aso to T erra z a s, 160 m ile s), El P a so S ou th ern R y . (term inals
In El P a s o ), an d the Sierra M adre A P a cific R l t . (T e m o s a ch lc to M adera,
32 m ile s ), total 370 m iles; and It Is p ro p o se d In the Im m e d ia te fu tu re to c o n ­
s tr u c t exten sion s fro m T errazas to M adera a m o u n tin g to a b o u t 105 m iles
(fo r w h ich con cession s h a ve be e n g r a n t e d ), w hich It Is e x p e c te d will b e In
o p e r a tio n b y Jan. 1 1911.
O ne term in al w ill be a t E l P a so , T e x ., and a n ­
o t h e r a t C h ih u ah u a, a t b oth o f w h ich large sm eltin g w ork s e x is t.
In A u g .
1909 also a cq u ire d tim b er lands, Inclu din g those o f Sierra M adre L a n d &
L u m b e r C o ., in all a b o u t 3 ,0 0 0 ,0 0 0 a c r e s , largely c o v e r e d w ith pine fo re sts,
w h ich will be c u t an d s old . S ee V . 8 8 , p. 749; V . 89, p. 348 , 470.
S to c k , $ 4 0 ,000 ,00 0 (p a r, $ 1 0 0 ), o f w hich $ 1 5 ,000 ,00 0 Issued O ct. 1909.
B O N D S .— Present lim it £5,000.000 , o f w hich £3,000,000 Issued, m ay
b o Increased for exten sion s, term inals, d o u b le -tra ck in g and o th er special
p u rp oses' N ational T ru st C o. o f T o r o n t o , trustee.
B on ds are red eem able
a t par M arch 1 1959 b y an n u al p a y m e n ts , co m m e n cin g In 10 years, to be
a p p lie d In annual draw ings at par o r b y purchase at or b elow par, or as a
w h o le a t 105. V . 8 8 , p . 749. C o u p o n s a r c p a y a b le a t the B ank o f S c o t­
la n d , L o n d o n , G u aran ty T ru st C o ., N ew Y o r k , and B a n k o f C o m m e rce .
I°0 >
F1*TCERS — P re s ., F . S. P e a rs o n , 25 B road S t ., N . Y .; V .- P s ., E . D .
K en n a an d W a lte r G ow , 27 P in e S t ., N . Y .; E. C. C reel, C h ihu ahua, M e x .;
G en . M g r., H . C. F reel, C h ih u ah u a, M e x .— (V . 8 9 , p . 847.)
M IC H IG A N C E N T R A L R R . — ( S e e M a p s N e w Y o r k C e n t r a l A H u d s o n
H i r e r ) — L I N E OF R O A D .— M ain line— K en sin gton to D e tr o it, 270 m .
and W in d sor to Suspension B ridge (C anada S o u th e r n ), 226 m .; total m ain
line 496 m iles.
B ranches ow n e d and leased, 1,236 m .; tra ck a ge (111. C ent.)
Into C h icago under perpetual lease 14 m .; to ta l, Jan . 1 1909, 1,746 m iles.
T h ere are 541 m . o f second track and 1.293 m . o f side tracks.
In D ecem ber 1907 the C h icago K a la m a zo o <c Saginaw R a ilw a y , P a vilio n
S
t o W o o d b u r y , M ich ., 55 m iles, w as a cqu ired In th e Interest o f the co m p a n y
b u t w ill lie op e r a te d In d ep e n d e n tly. V . 84, p. 50.
T h e th ird -rail ele ctr ic tu n n el road u n d er the D e tro it R iv e r fro m W in d s o r,
O n t ., to D etroit, M ich ., 2.42 m . lo n g, u n d er the ch a rte r o f th e D e tro it R iv e r
T u n n el C o ., w h ich Is to be o p e n e d fo r tra ffic a b o u t Jan . 1910, leased fo r
999 vears from Jan . 1 1907. See B O N D S b e lo w . V . 80, p . 2343; V . 82,
p . 1156; V . 84. p. 339, 1052.
C O N T R O L .— T h e N. Y . C ent A H u d . R iv e r R R . C o. in A pril 1898
g a v e $115 In Its 3 H % 100 -y e a r gold b o n d s fo r $100 s to c k , and so holds
$ 16 ,814 ,30 0 o f the $ 1 8 ,738 ,00 0 s to c k Issued.
D I V I D ’ S. J’84. '85-86. ’87-89. '90. ’ 91. ’ 92-94.
’ 95-06. ’ 07. '08.1909.
nil. 4 yr ly.
5
5 5 4 yr ly. 4 yr ly.
6 8 6
Pe r c e n t ___1 3
B O N D S . — B a t t l e C r e e k A S t u r g i s b o n d s fo r $ 50 0,00 0, b u t o f tills $79 ,000
w as su b-gu aran teed b y the Lake Shore & M ich. S o ., 7 m iles o f the B. C. & S.
b ein g o p era ted b y th a t c o m p a n y . T h e $ 1 ,740,000 3 4 s o f 1901 are a 1st
m tg e . on th e Jack son Lansing A Saginaw R R ., 350 m iles (V . 73, p . 1061;
V . 76. p . 1027). O f the $ 1 8 ,000 ,00 0 3 4 s o f 1902, $ 10 ,000,000 w ere sold
t o retire first 5s and 7s, $ 4 ,0 0 0 ,0 0 0 a d d itio n a l being s o ld ; $ 5 ,000,000 re­
served fo r a d d itio n s , & c.
V , 74, p. 728; V . 76, p . 102; V . 83, p . 1229.
F irst 4s on Joliet A N orth ern In d ia n a , see V , 8 4 , p. 1307, 1428.
T o l e d o C a n a d a S o . A D e t . guar. 4s o f 1906, see V. 82, p. 930; V . 85, p. 40 6 .
T h e D etroit R iv e r T u nnel b o n d s, au th orized Issue $ 1 5 ,000 ,00 0 (see a b o v e ),
b earin g Int, at not exceed in g 5 % . will be gu aran teed . V . 82, p . 8 6 8 , 1156.
In April 1909 an Issue o f $ 25 ,000 ,00 0 4 % 20-year d eb en tu res w as a u th o r ­
iz e d , o f w hich $ 10 , 000,000 sold to p r o v id e fo r ailv a n ce s to D e tro it R iv e r
T u n n el C o ., part o f rem ain der to retire the $10 ,0 0 0 ,0 0 0 5 % n otes due F e b . 1
1910.
A new d ivision al m tge. for $ 4 ,500,000 has been a u th o rize d on the
G ra n d R iv e r V a lle y R R ., o f w h ich $ 1 ,5 0 0 ,0 0 0 Is Issuable to retire th e 1st 6 s




W h en
P a y a b le

R a te

%

T rea su rer’s o ffic e , P o r t l'd
N Y , B o sto n A P o rtla n d
O ffic e . R o c k la n d . M e
N Y , B o sto n A P o rtla n d
do
do

J u ly
Sept
N ov
Jan
June

N
&
&
J
Q— J
M &
S
A & o

M an ch ester a n d B o sto n
B o s to n A Me R R , B o sto n
21 P ark R o w , N ew Y o r k
M erca n tile T ru s t C o , N Y
do
do

N o v 1 1909 5 %
Jan 1 1922
O ct 1 1909 1 4
M ch 1 1916
A p r 1 1990
A u g 1 1934
Jan 1912-1939
O ct 1 1928
N o v 1 1940
F eb 1 1955
A p r 1 1932
M ch 1 1951
A pr 11951
M ay 1 1936
June 1 1955
A u g 1 1909 3 %
A p ril 1 1937
J u ly 1 1921
M ay 1 1955

J
M
M
44
34 g J
5
J

&
&
A
&
&

M

J

7
5
4 g
U p to 4
5 g
5 g
5 g
5 g
5
4 g
4 In 1909
5 g
4 g

6

5
5
4 g
44 g
4 g
4 g
4 In 1909
6 g

6 g

B on d s— P r in c i­
p a l. W h e n D u e
S to c k s— L a st
D iv id e n d

J
S
N
J
D

5

4

10
4

W h ere P a y a b le , a n d b y
W hom

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

&
&
&
&

&
&
&
&
&
&
A

A
A

,T N Y & G rand R a p id s
O N ew Y o r k an d C h icago
N In terest In d efau lt
A T rea su rer’s O ffic e , Phlla
S F irst N a t B k , Y o r k . Pa
B row n B ro s, N Y ; & B a lt
do
do
o
N A le x B row n A S on s, B alt
D B lair A C o , N ew Y o r k
A S afe D ep A T r C o , B ost
O
J M erch N a t Bk, M ead v.P a
N S ta n d a rd T r u s t C o , N Y

s

M A
S S p e y e r B ro th e rs, L o n d o n
M A
S O ffic e , 25 B road S t, N Y
M A
do
do
S
Sent 1 O w n e d b y N a t R y s o f M ex
F A A M o rto n T r u s t C o , N Y
J A D O ffic e , 82 B e a v e r S t, N Y

7 3-16 ’09 A
1 5-16 ’ 09
6
J
A
44
M
5 g

A
A

A
A

O G lyn, M ills,C u rrle& C o.L o.
do
do
J
do
do
do
do
O
G uar T r C o , N Y & T o r

s

1909 2 4 %
1 1917
1909 2 4 %
1 1954
1 1911

S ept 1 1947
S ept 1 1977
S e p t 1 1977
S e p t 1 1977
A u g 1 1919
See t e x t
O ct 190 9, 4 %
O c t ’ 09, 115-16
P e rp e tu a l.
D ec 1960
M ch 1 1959

d u e S e p t. 1 1909, $ 1 ,5 0 0 ,0 0 0 fo r d o u b le -tra ck in g , A c ., a n d re m a in d e r fo r
fu tu r e re q u ire m e n ts. V . 8 8 , p . 945, 1002, 1061, 1254; V . 8 9 , p . 470.
J o in t ly w ith fo u r o th e r road s, co v e n a n ts to p a y N ew Y o r k C entral L ines
$ 30 ,000 ,00 0 5 % c a r tru sts o f 1 90 7,th e c o m p a n y ’ s share o f e q u ip m e n t leased
be in g $ 3 ,9 0 6 ,3 8 2 .
V . 85, p . 1402; V . 8 6 , p . 168; V . 8 8 , p . 761.
E A R N I N G S .— 8 m o s .,J 1 9 0 9 .............. G ross, $ 1 7 ,2 8 5 ,1 2 0 ; n e t, $ 5 ,2 9 6 ,1 8 9
Jan . 1 to A u g . 31.
119 0 8 _______ G ross, 1 5 ,416,587 ; n e t, 4 ,5 5 3 ,9 6 4
F o r 6 m os. e n d in g Ju n e 30 1909, n e t, $ 3 ,6 8 5 ,0 3 5 , a g a in st $3,234,751 in
1908; to ta l n e t In com e (in cl. $452,353 “ o t h e r ” ) , $3 ,5 3 2 ,8 6 1 ; c h a rg e s, $ 2 ,­
596 ,700 ; Im p ro v e m e n ts , $23 6,41 2; d iv id e n d s ( 3 % ) , $56 2,14 0; b a l., s u r .,
$13 7,81 0.
A N N U A L R E P O R T .— R e p o rt fo r 1908 at le n gth w as In V . 8 8 , p . 7 4 2 ,7 6 7 .
Y e a r e n d i n g D e c . 31—
1908.
1907.
1906.
„
G ross e a r n in g s _________ $ 2 4 ,918 ,48 8 $2 8 ,5 4 7 ,1 1 0 $26 ,2 7 5 ,5 8 8 $ 23 ,283 ,86 8
2 3 ,131,751
21,7 3 0 ,2 6 4
18,8 6 5 ,9 1 6
O p era tin g e x p e n s e s____ 19,005,352
N et e a r n in g s ___________ $ 5 ,913,136 $ 5 ,415,359
N e t, ln cl. o th e r in c o m e . $6,568,641
$ 6,117,878
R en tals p a i d ......................
510 ,310
568.200
In te re st on d e b t ...............
2,2 6 8 ,9 3 8
2,0 9 8 ,2 3 0
T a x e s .......................
1,105,694
1,008.776
In te re st on loan s, & c ___
1,056,578
713,307
D iv id e n d s ...................... ( 6 % ) 1 .124,280 ( 8 ) 1 .499,040

$4,545,324
$ 4,947,328
566,310
2 ,0 7 3 ,8 5 0
1,001,741
317,599
(5 )9 3 6 .9 0 0

$ 4 ,417,952
$ 4 ,733,764
561,202
2 ,0 1 5 .3 2 0
962,002
221 ,785
(4 )7 4 9 .5 0 0

Surplus
..................
$50 2,84 0
$23 0,32 5
$50,928
$223,934
P r e s ., W m . H . B r o w n , N . Y . — (V . 8 8 , p . 1254; V . 8 9 , p . 470 , 529.)

MIDDLETOWN UNIONV1LLE & WATER GAP' RR.— ( S e e

M ap

E r ie

R R . C o .) — O w ns fro m M id d le to w n , N . Y . , to u n lo n v llle . N . Y . , 13.65 m iles.
S to c k , $ 14 9,85 0; par, $50. C o n tro lle d , th rou gh s to c k , b y N. Y . S u sq . &
W e s t ., w h ich p ays Int. o n b o n d s.
In y e a r e n d in g Ju n e 30 1909, gross, $ 7 0 ,­
827; n e t, Incl. o th e r in c ., $ 11 ,256 ; in t ., t a x e s , & c ., $ 40 ,630 ; b a l., d c f .,
$ 2 9 ,3 7 4 .— (V . 64, p . 664.)
MIDLAND VALLEY RR.— O w ns and o p e ra te s fro m E x ce ls io r. A r k south to H o y e , A r k ., and north to F id e lity , A r k .; also fro m E x ce lsio r \vest
to SU verdale, K a n ., and from Jenk s, O . T . , to G lenn P o o l. O . T . , a to ta l o f
299 m iles; also op e ra te s und er track age fro m M aney J e t ., A r k ., to F t .
S m ith , 16 m .. and SU verdale to A rk a n sas C ity, K a n ., 9 m iles; to ta l o p e r ­
a te d . 324 m iles. See V . 78, p. 702, 1109; V . 80. p . 2345.
T h e C h erok ee C o n stru ctio n C o. w ith $ 3 ,5 0 0 ,0 0 0 s to c k , ow n s n early all
the s to c k . V . 85, p . 1462; V. 8 6 , p . 1160; V . 81, p . 1610. S to ck a u th o riz ed .
$ 9 ,000,000 ; ou tsta n d in g Jun e 30 190.i, $ 8 ,0 1 3 ,0 0 0 ; p ar o f shares, $50 .
B on ds a re s u b je c t to ca ll a t 1 0 7 >3 to a n d in clu d in g Jan . 1 1910.
E q u ip ­
m en t trusts Ju n e 30 1909, $ 1 ,400,000.
E A R N I N G S .— 2 m o s .,J 1 9 0 9 ____________ G ross, $20 9,86 7; n e t, *56,641
( 1 9 0 8 -------------------G ross,
148,136; n e t,
17,027
J u ly 1 to A u g . 31.
R e p o r t fo r y e a r e n d in g Jun e 30 1909 In V . 89, p . 990, sh o w e d : G ross,
$997,655: n e t, $81,326; o th e r In com e, $4,804; in te re st, ta x e s , & c ., $ 3 o 7 ,240; im p ro v e m e n ts , $201,358: b a la n ce , d e fic it. $ 47 2,46 9.
P re s., Charles
E . Ingersoll; S ec. and T r e a s ., H . E . Y a rn a ll.
O ffic e , h ran k lin B a n k
B u ild in g, P h ila d e lp h ia .— (V . 8 6 , p . 1160; V . 8 9 , p . 990 .)
MILL CREEK & MINE HILL NAVIGATION & RR.— Mill Creek Jet. t
B ro a d M o u n ta in , P a ., 3.81 m .; se co n d tr a c k , 3.81 m .; to ta l tr a c k , 34.7
m iles.
Leased In 1861 fo r 999 years to P h lla. A R e a d in g R R .; lease as
su m ed In 1896 b y P h lla. & R e a d in g R a i l w a y , ren tal, $ 33 ,000 an d ta x e s .
AlINE MILL&SCHUYLKILL HAVEN RR. — F ro m S ch u y lk ill H aven to
Ashland and E nterprise J e t ., 39.15 m .; 2 d track , 17.05 m .; t o t .t r a c k , 136 .86 m .
In 1897 rental red u ced to 6 % on s to c k u nd er new lease fo r 999 years fro m
Ja n . 1 1897 to P h lla. & R e a d . R y . C o .: 2 4 % Is paid In Ja n . an d 3 %
In J u ly , 4 % bein g d e d u cte d fo r ta x e s .— (V . 63, p . 1011.)
MINERAL RANGE RR.— H o u g h to n , M ich ., to C a lu m et. M ich ., 14 m .;
H a n co ck to M oh aw k, 21 m .; bran ch es, 31 m .; S ou th R a n g e e x te n s io n , K e ­
w eenaw B a y to M ichigan M ine, 39 in ., o p e n e d D ec. 24 1900; tr a c k a g e , 7 m .;
M ohaw k R R . operates 17 m .; to ta l, 129 m iles, all stan d ard ga u g e .
On
Jun e 1 1901 the H a n co ck & C alum et R R . w as m erged (V . 7 3 , p . 7 8 5 ). In
year 1895 paid d iv id e n d s 10 4 % : In 1896, 7 % : 1897, 7 % ; 1898, 3 4 % ;
! on e sin ce.
A u th . s to c k , $1,200 000; o u tsta n d in g , $ 1 ,0 8 5 ,0 0 0 ; p a r, $100.
B O N D S .— C onsols fo r $1,000 are reserved tor $3,000 o ld b o n d s. O f the
$593,000 o u tsta n d in g , $ 339,000 are 5s; the Can. P a c. on Ju n e 30 1909
ow n ed the rem ain ing $254,000 (w h ich are 4s) and the $ 1 ,0 0 0 ,0 0 0 gen . m tg e .
4s, b o th o f w h ich It gu ar, as to Int. V . 75, p . 554. See V . 73, p . 556, 616;
V . 73, p . 785. O f ton n age in 1908-09 8 8 % w as ores an d m in in g p r o d u c ts .
L o a n s and bills p a y a b le Ju n e 30 1909, $23 1,25 0.
E A R N I N G S .— F or 2 m o n th s e n d in g A u g . 31:
2 M o n th s—

G ross.

N e t.

O th er I n c .

C h a rg es.

B a la n c e .

_____ $149,966
$26,723
$37
$26 ,394
d e f. $366
1909
1908
_______ 146,207
29,272
22
25,588
d e f. 3 ,7 0 6
R E P O R T .— F o r y ear 1908-9, gross, $ 82 6,37 5; n e t, $ 12 5,34 2; o th e r In­
c o m e , $3,049; ta x e s, $39,933; In t., $ 93 ,449 ; o th e r d e d u ctio n s , $ 3 9 ,4 2 1 ;
d e f., $ 4 4 ,4 1 2 .— (V . 73, p . 785.)
MINNEAPOLIS & ST. LOUIS RR.— ( S e e M a p . ) — O w ns m ain line M in ­
neapolis to A n gus, l a ., 260 m iles; W estern D lv ., H o p k in s to W a te r to w n ,
S. D . t 215 m iles; K a lo B ra n ch , 1 m .; L a ke P ark B ra n ch , 1 4 m .; W ln th ro p ,M ln n ., t o S torm L a k e , M in n ., 154 m . Leases tra ck a g e fro m M inne­
apolis t o S t. P aul o v e r S t. P aul & N o rth . P a c. R R ., 10 m .; fro m S p e n ce r to
R u th v c n o v e r C h. M . & S t. P ., 12 4 m .; fro m T a ra to F o rt D o d g e , o v e r 111.
C e n t., 6 m .; leases D cs M oines & F o rt D od ge R R ., Des M oines t o F o r t D o d g e
and T a ra to R u th v c n , 138 4 m .; also leases M in nesota D a k o ta & P a cific ,
W a te rto w n to L e o la , S. D ., 114 m ., an d C on de t o Le B ea u , S . D ., 115 m .;
total op e ra te d J un e 30 1908, 1,027 m iles.
A lso leases to B . C. R . & N .,1 3 m .
H I S T O R Y .— A re o rg a n iza tio n In O c t . 1894, per plan In V . 59. p . 3 7 1 .
P ersons Identified w ith M in n. A S t. L . c o n tr o l th e Io w a C entral R y .,
the Ch es. A O h io , also T o le d o S t. L o u is A W e ste rn , w h ich In S ent.
a cq u ire d c o n tr o l o f the C h ica go A A lton an d h ave a large Interest in tn e
M issouri K an sas A T e x a s .
D es M oin es & F t. D o d g e R R ., c o n tro l a cq u ired
in 1904, Is leased fo r 30 years fro m J a n . 1 1905.
V . 78, p. 233 5; V . <9, p .
269, 1704; V . 81, p . 1430.
S T O C K .— A fte r 5 % o n e a c h , preferred an d c o m m o n share p ro ra ta .

R A IL R O A D S

IN T E R E S T

F o r e x p l a n a t i o n o f c o l u m n h e a d in g s , & .C., s e e n o te s
o n f i r s t p a g e o f ta b le s.

of
R oad

M ic h ig a n C en tral— S t o c k -

do

270
115
152
152
84
39
350
45

do

D a te
of
B onds

____
1902
1890
1881
1881
1909
1889
1901
1907
1004
1907
1909
____
____
1889
1889
1906
1906
1866
1871
1904

D eb en tu res, §2 5 ,0 0 0 ,0 0 0 a u th , g o l d ............ G .x c &r
___
___
J a c k L a n s & Sag s to c k 3 % % y e a r ly guar* b y e n d - .
G ra n d R iv e r V a lley s to c k rental In p e r p e t u it y ------84
B a y C ity & B a ttle Cr 1st M g g u a r p & 1 e n d . - M p .c *
18
B a ttle C r & S turgis 1st M g g u a r p & 1 e n d - - M p .c *
41
T o lC a n S o & D e tls tM 5 4 ,5 0 0 ,0 0 0 g gu p & I(en d ) G .c * ftr
59
D e tr o it R iv e r T u n n e l 1st M $15 ,00(),00 0 g u a r____ G
Middletown Union & Water Gap— 1st M e x t In ’ 8 6 . c *
13
S econ d m o r tg a g e Int g u a r e x t In 1806 (see te x t) - . c *
___
Midland Valley— 1st M § 2 0 ,0 0 0 p m g red (t e x t )G P .c *
293
Mill Creek & Mine Hill Navigation & RR— S t o c k ____
Milwaukee Lake Shore & Western— Sec C h icago & N o r t h 'W estern
Milwaukee & Northern— See C h ica g o M ilw aukee & St P aul
Mine Hill & Schuylkill Haven— S to c k ( 6 % r e n t a l). - .
39 ____
Mineral Range— C on sol m tg e (te x t) g o ld red a t 1 0 5 - _c
16 1891
G eneral m o rtg a g e Interest g u ar b y C anadian P a c .F
73 1901
H a n c o c k & Cal co n s m tge g o ld red a t 105 assum ed
32 1891
Minneapolis & St Louis— C o m m o n s t o c k ............... ..Ce
___ ____
P referred s to c k (V 7 0 , p 1150) 5 % n o n -c u m ____ Ce
F irst M M errlam J u n ctio n t o A lb e r t L ea , g o ld - F .c *
81 1877
M ortg a ge on S ou th w E x t g o ld (§ 1 2 ,0 0 0 p m) . .C e .c *
53 1880
P a cific ex te n s io n first m o rtg a ge g o ld ___________C e.c*
92 1881
F irst c on s ol M § 5 ,2 8 2 ,0 0 0 g ( V .5 9 ,p .l l 4 5 ) _ C e.c*& r
1894
F irst & ref M §2 5 ,0 0 0 ,0 0 0 g o ld (§ 1 8 ,0 0 0 p m ) ____ Ce
632 1899
G old n otes § 5 ,0 0 6 ,0 0 0 se c b y c o ll red par s ln c e '0 8 -C e
1906
M in n D ak & P 1st M §5 0 ,0 0 0 ,0 0 0 g red 1 0 5 .C e.c* &r
1906
C ar tr ser A g d u e §6 0 ,0 0 0 y ’l y ( V 8 8 ,p . 1373) .P e P .c *
1909
c O f w h ic h § 1 6 ,8 1 4 ,3 0 0 held b y N Y C & H R R R iC o

_

S iz e , o r
Par
V a lu e

B a la n ce fo r y e a r ------ d e f.$ 2 9 6 ,9 5 9

§ 1 ,6 0 9 ,4 8 0
$1,105,388
66,257
100,909
22,492
2 00 ,000

R a te

O u ts ta n d in g

%

$100 C$18738.000 6 in 1909
$ l,0 0 0 f t c $14 ,000 ,00 0
3H g
1,000 &c
2 ,6 0 0 ,0 0 0
4
1,000 } 4 ,0 0 0 ,0 0 0 /
5
1,000 & c
4 g
1,000 &c
70 0 ,0 0 0
5
1 ,7 28,000
1,000
3M g
1 ,5 00,000
4 g
1 ,0 96,200
4>* g
1,000 &c 10 ,0 0 0 ,0 0 0
5
1,000 &c
7 ,6 3 4 ,0 0 0
4 g
100
2 ,0 0 0 ,0 0 0
3 y3
491 ,200
100
5
1,000
25 0 ,0 0 0
3 g
1,000
4 21 ,000
3 g
1,000 & c
3 ,1 0 0 ,0 0 0
4 g
N ’n e J n e ’09
100 & c
150,000
5 g
500 & c
2 50 ,000
5
1,000
5,98 0 ,0 0 0
5 g
25
323 ,375
10
50
500 &c
100,000
1,000
100
100
500 &c
1,000
1,000
1,000
1,000
1,000

D I V I D E N D S .— ’ 9 7 . ’ 98. ’ 99. ’0 0 . ’ 01. ’ 0 2 . '0 3 . ’ 04. ’ 05 t o '0 8 . 1909.
3 ^ 4 «
5
5
5
5
5 5 y e a rly .
5
P r e f e r r e d ..................) 3
C o m m o n ............... % J ------ N o n e ------ 1 H
4
5
5 2 M
0
.
B O N D S . & c.— B on d s Issued u n d er th e m tg e . d u e Jun e 1927 n u m b e re d
fro m 1,101 t o 1 ,400, fo r $500 e a c h , a d d itio n a l to th ose a b o v e , w ere assu m ed
b y B u rl. C ed ar R a p . & N o rth , (n o w C h. R o c k I . & P a c.)
T h e r e f.m t g e .o f 1899 lim its the 1st c o n s o ls .( V .59, p .1145) t o § 5 ,1 5 5 ,0 0 0 .
F irst r e fu n d in g m tge. o f 1899 Is fo r § 2 5 ,0 0 0 ,0 0 0 , o f w h ich $ 8 ,5 3 0 ,0 0 0 re ­
s erved to retire u n d erly in g bo n d s a n d § 4 ,6 0 0 ,0 0 0 fo r fu tu re e x te n sio n s, im ­
p ro v e m e n ts , & c ., u n d er severe restrictio n s. T h e m tg e . is a first Hen o n 283
m iles o f r o a d , & c., a n d a b lan k et lien o n rest o f p r o p e r ty , and Is fu rth e r se­
cu red b y d ep os it o f §2 ,5 3 0 ,0 0 0 D es M oin es & F t . D o d g e c o m . s t o c k .
V. 68,
p . 187, 332; V . 7 9 , p . 2147; V . 8 0 , p . 2220; V . 8 7 , p . 1420; V . 8 8 , p . 295,
452 , 506. See V . 6 9 , p . 32.
T h e § 5 ,0 0 0 ,0 0 0 5 % n o te s o f 1906 are secu red b y th e § 6 ,2 5 0 ,0 0 0 M in n.
D a k o ta & P a cific 1st g o ld 4s a n d the la tte r s ’ e n tire s t o c k .
V . 8 2 , p . 392,
692 , 1102; V . 83, p. 3 8 , 1114.
T h e $ 3 ,0 7 2 ,0 0 0 D es M oines ft F t . D o d g e 4 % b o n d s d a te d Jan . 1 1905
are g u a ra n teed , prin cipa l a n d In terest. V . 79, p . 1704, 2696.
E A R N I N G S .— 2 m o s .,/1 9 0 9 __________ G ross, $74 2,48 9; n e t, §244 ,082
J u ly 1 t o A u g . 3 1 .
11 90 8.......... ......... G ross, 653 ,7 9 7 ; n et, 208 ,477
A N N U A L R E P O R T .— A n n u al m e e tin g first T u e sd a y In O cto b e r . R e ­
p o r t fo r 1907-08 w as In V . 8 7 , p . 1157. C om pa rison Inaccurate
Y e a r e n d in g J u n e 30—
1908-09.
190 7-0 8.
1906-07.
1905-06.
A v era ge m iles o p e r a t e d 1,028
1,005
798
799
G ross e a r n i n g s ---------------§2 ,9 8 8 ,4 4 1
$3 ,8 2 6 ,5 1 6
$3,873,668
$3 ,7 2 6 ,6 6 5
N et o v e r t a x e s _________ $1,182,874
§ 1 ,4 1 7 ,4 6 8
§ 1 ,3 1 6 ,5 3 7
§1,010,171
O th er I n c o m e ___________
215 ,215
3 00 ,965
259 ,732
292,943
T o t a l net I n c o m e ____ $1 ,3 9 8 ,0 8 9
$1 ,3 1 1 ,1 3 6
In te r e s t p a i d ------------------ $1 ,2 1 3 ,3 8 8
$1 ,1 0 7 ,6 7 7
R e n t a l s -------------------------- 1
f
67,782
N et earn s. D .M . ftF t . D . )
2 81 ,660 <
1,965
M is c e lla n e o u s __________ J
(
24,732
D lv . on p ref. s to c k (5 % )
2 00 ,000
20 0 ,0 0 0

A m oun t

§ 1 ,6 7 7 ,2 0 0
$1,095,932
66,522
98,716

200,000

d e f.$ 9 1 ,0 2 0 sur.$114,434 sur.$ 216,030

O F F I C E R S .— P res., E d w in H a w le y , N . Y . ; V . P ., L . F . D a y S e c
A . C. D oa n , N . Y .: T r e a s ., F . H . D a vis, 25 B r o a d S t ., N ew Y o r k .
’
D ir e c to rs .— E. H a w ley , H . E . H u n tin g to n , F . E . P a lm e r, F . H . D a v is ,
F ran k T ru m b u ll, T h e o d o r e P . S h o n ts, N ew Y o r k : L . C. W e ir, N . Y .; L . F .
D a y , M in neapolis: F . P . F razier, C h ica g o , 111.— (V . 8 8 , p . 1373, 1500.)
. M I N N E A P O L I S ST. P A U L & S A U L T S T E . M A R I E R Y . — O w ns m ain
line fro m Sau it S te. M arie, M ich ., v ia M in neapolis to P o r ta l, N o r t h D a k o ta ,
at the Internation al b o u n d a r y lin e, there c o n n e c tin g w ith the C an adian P a c .
1,039 m iles: bran ch es, H a n k ln son , N . D ., to G arrison, 292 m .; G le n w o o d ,
M in n., to E m erson, 265 m iles; T h ie f R iv e r Falls, M in n ., to K e n m a re . N . D .,
296 m iles: VVIshek, N . D ., t o P o llo ck , 70 m .; o th e r bran ch es, 399 m .; spu rs,
16 m .: total J u ly 1909, 2,^ 7 6 m iles; also trackage to M in neapolis, S t . P a u l
(b e in g rep la ced b y line ow n e d , V . 83, p . 38) a n d S au it S te. M arie, 19 m iles.
E x ten sion from m ain line near B r o o te n , M in n ., n orth east t o D u lu th . 189
m iles, n o t Inclu ded a b o v e , w as c o m p le te d J u ly 1909. C o n tra ct fo r e x ­
te n s io n fro m M oose L a k e , M in n ., t o P lu m m e r, M in n ., 200 m ., w as un d er
c o n s t r u c tio n In O ct. 1909.
H I S T O R Y . — A con s o lid a tio n In 1888 o f M in n. S a u it S te . M arie & A t l..
M in n. ft P ic ., & c. See V . 46. p. 538, 609; V . 77, p. 628.
In 1909 51 % o f W iscon s in C en t. c o m . s to c k w as p u rch ased, a ffo rd in g a
C h ica g o c o n n e c t io n , th e ro a d be in g leased fo r 99 years fro m A pril 1 1909,
$ 10 , 784,500 leased line ctfs . bein g Issued (to O c t. 190 9), secu red b y th e W is.
C e n t. p r e f. s t o c k , on w h ich 4 % d lv s . are p a id .
V . 8 8 , p . 232 , 564, 686 .
S T O C K .— C a n adian P a cific in O ct. 1909 o w n e d $ 1 1 ,928 ,70 0 c o m m o n
a n d $ 5 , 964,400 p referred . P referred s to c k has a p rio r rig h t to 7 % (n on c u m u la tlv e ); then c o m m o n t o 7 % ; then share p ro rata.
V . 75, p. 549.
S to c k h o ld e r s In A pril 1909 su b scrib e d fo r $ 2 ,0 1 6 ,0 0 0 p re f. a n d $ 4 ,0 3 2 ,0 0 0
c o m . s to c k a t par, p a y a b le 2 0 % o n su b s crip tio n an d 2 0 % ea ch Ju n e 4,
J u ly 15, A ug 31 and O ct 15 1909, in crea sin g th e a m o u n t o u ts ta n d in g to
§1 0 ,4 1 6 ,0 0 0 p ref. a n d $ 2 0 ,8 3 2 ,0 0 0 c o m . s t o c k .
V . 8 8 , p . 749 , 823; V . 85.
p. 160, 722 , 793, 1646; V . 87, p. 677.
D I V I D E N D S .—
1903.
1904. 1905. 190 6. 1907.
1908.
190 9.
P referred ( p e r c e n t ) . ) 7
7
7
7
7
7
7
C o m m o n (p e r c e n t ) - j
2
4
4
4
4
6
6
B O N D S .— Can. P a c. gu aran tees b y e n d o rs e m e n t 4 % In t. on all th e bon d s
a ssen tin g to a red u ction o f Int. to 4 '% . (See V . 50, p . 784 ; V . 51, p . 239 .)
A b o u t o n e -h a lf M inn. & P a c. b o n d s a n d p r a c tic a lly all o th e r Issues assen ted .
A b stra ct of M i n n e a p o l i s S a u i t S t e . M a r i e & A t l a n t i c m tg e . In V . 4 5 , p.
243 . T h e c o n s o l , m o r t g a g e o f 1888, a b s tr a c t V . 4 7 , p . 142, w as f o r $ 2 1 ,­
000,000 on 800 m iles (su fficie n t o f this reserved t o retire p rio r bon d s) an d fo r
§ 2 0 ,0 0 0 p er m ile on all a d d itio n s .
V . 73, p. 185; V . 78, D. 820: V . 7 9 , p .
1332: V . 8 0 . P. 651; V. 87, p. 1011, 1664 ; V . 89, p . 779.
As to se c o n d 4 s,
see V . 6 8 , p. 069, 771 , 977; V . 71, p . 845; V . 85, p . 1646.
L A T E S T E A R N I N G S .— 1 19 09_______G ross, $2,3 4 8 ,6 2 6 ; n e t, §896 ,968
2 m o s ., J u ly 1 to A u g . 3 1 .J 1 9 0 8 _______G ross,
1,911,469; n e t, 624,324
R E P O R T . — R e p o r t fo r y ear e n d in g Ju n e 30 1909 w as In V . 8 9 , p . 7 7 5 .

4 ,2 1 0 ,2 0 0
5K
593,000 4 g & 5 g
1,00 0 ,0 0 0
4 g
325 ,000
5 g
e 6 .0 00 ,000 See te x t
f 4 ,0 0 0 ,0 0 0 5 In 1009
950 ,000
7 g
636 ,000
7 g
1 ,3 8 2 ,0 0 0
6 g
5 ,2 8 2 ,0 0 0
5 g
11.870,000
4 g
5,00 0 ,0 0 0
5 g
See te x t
4 g
600 ,000
5 g

OR D IV ID E N D S

W h en .
P a y a b le

W h ere P a y a b le, and by
W hom

J
ft
J G rand C en t S ta tio n , N Y
M ft N R e g a t G C S; c p at G T r
J
ft
J R e g a t G C S; c p at U T r
M ft S U n io n T r u s t C o. N Y
Q — M 1 rand C en t S ta tio n , N Y
G
M ft N G rand C en t S ta tio n , N Y
M ft
S R e g a t G C S: CD a t G T r
J & J 10 G u a ra n ty T r u s t C o , N Y
O — M i _ ___ _
_____
F ft A G rand C en t S ta tio n , N Y
A ft O N ew Y o r k
M & S
do
do
,T ft
J J a ck so n , M ich
,r
ft D U n ion T r u s t C o , N Y
,T ft D
do
do
&
J
J G rand C en t S ta tio n , N Y

B on d s— P rin ci­
p a l, W h en D u e
S tock s— L a st
D iv id e n d

J u ly 20 1909 3 %
M a y 1 1052
Jan 1 1040
M ch 1 1031
M ch 1 1931
1959
N ov 11039
S ept 1 1951
J u ly 10 1957
T o Jun e 1 1910
Feb 1 1910
A p r 1 1929
S ept 1 1009 1 M
J u ly 1909 2 J 4 %
D ec 1 1089
D e c 1 1989
Jan 1 1056

M
J
J
J

ft
ft
ft
&

N N Y Su sq & W e s t, N Y N o v
D
Jun e
do
do
Jan
J O ffic e , P h ila d e lp h ia
J u ly
J P h ila d e lp h ia

.T
J
J
J

ft
ft
ft

J
J
J
.1
J

J
J

J

J

A
M
M
F
F
A

&

ft
ft
ft
ft
&
ft
&
ft
ft
&

.1

D
1)
O
N
S
A
A
O

11911
1 1910
1 1954
1009
5%

O ffic e , 119 S 4th S t. P hlla Ju ly 15 1909 3
44 W a ll S t , N ew Y o rk Jan 1 1931
A ll o w n e d b y C anadian P Jan 1 1951
Jan 1 1931
O ffic e , 25 B r o a d St
Jan 15 1004 2 h
do
do
J u ly 15 1900 2
Jun e 1 1927
D e c 1 1010
do
do
A p r 1 1021
N o v 1 1934
M ch 1 1949
do
do
do
do
F eb 1 1911
do
do
F e b 1 1956
P en n C o fo r In s , & c, Phil T o A p r 1 1919

C h ic. B u rl. & Q u in cy , G reat N o r t h ., C h ic. G t. W e s t ., M in n. S t. P a u l &
S a u it S te. M arie a n d C h ic. R o c k Isla n d & P a cific .
A d d itio n a l b o n d s can be Issued f o r p r o p e r t y a n d im p ro v e m e n ts as re ­
q u ire d . P rin cip a l o n ly Is p a y a b le in g o ld .
M tge. tru stee. N o rth w estern
T ru st C o ., S t. P a u l, M in n .— (V . 66, p . 1238; V . 67, p . 956.)

M I S S I S S I P P I A R K A N S A S & W E S T E R N R Y . — O w ns fr o m a p o in t In
D rew C o u n ty , A r k ., to G aines L a n d in g , o n th e M ississippi R iv e r In C h icot
C o u n ty , A r k ., 22 m iles. S to c k a u th o riz e d , § 2 2 0 ,0 0 0 Y e a r e n d in g Ju n e 30
1904, gross, §2 5 ,3 8 9 . P r e s ., A . P , B liss, S a g in a w , M ich .; S e c . a n d G en.
M g r., A . F . C o o k , L ittle R o c k , A r k .— ( V . 7 5 , p . 442 .)
M I S S I S S I P P I C E N T R A L R R . — O w ns fr o m a p o in t 14 m iles so u th o f
H a ttie s b u rg , M iss., t o N a tch e z , 164 m iles, in clu d in g th e fo rm e r N atch ez ft
E a stern , N a tch e z , M iss., t o B r o o k h a v e n , 66 m iles, ta k e n o v e r b y c o n s o li­
d a tio n In Ju n e 1909.
E x te n sio n p r o p o s e d t o G u lf o f M e x ico . S to c k a u ­
th o riz e d , § 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g J u ly 1 190 9, $ 3 ,9 4 0 ,0 0 0 .
D iv id e n d s o f
6 % y e a r ly p a id t o O c t . 1 1907; n o n e sin ce to J u ly 1909.
B o n d s . — 1st M . b o n d s d a te d J u ly 1 1909, lim ite d t o § 1 0 ,0 0 0 ,0 0 0 , are Issu
a ble a t $ 25 ,000 p . m .; th e y a re s u b je c t t o call b y lo t a t 110 fo r y e a r ly sin kin g
fu n d o f $300 p . m . o f r o a d c o v e r e d , be g in n in g J u ly 1 1912; also as an en tire
Issue a t sam e p rice . T h e y are gu a ra n te e d , p . & I., b y U . S . L u m b er Co
V . 8 8 , p . 1561.
E A R N I N G S .— 2 m o s . , / 1 9 0 9 - - .............. G ross, $11 7,00 8;
n e t, § 40,992
J u ly 1 t o A u g . 3 1 .
11908....................G ross,
93 ,1 5 4 ;
n et.
2 7,954
Y e a r e n d in g Jun e 30 1909 (June e stim a te d , 80 o f th e 164 m iles be in g o n ly
p a rtly o p e r a t e d ), gross. § 6 9 8 ,3 8 3 ; n e t, § 2 7 3 ,8 7 2 ; b e tte rm e n ts , § 2 ,0 5 0 : ta x es ,
$ 13 ,573 ; net fo r Interest ch a rge s, $25 8,24 9; a n n u al Interest ch arge o n $ 4 ,­
100,000 b o n d s Is § 2 0 5 ,0 0 0 .
Y e a r en d in g J u n e 30 1908 (84 m ile s), gross,
$47 7,01 0: n et, $17 2,13 0; o th e r In co m e , § 6 7 ,7 8 5 ; b e tte rm e n ts , $ 4,668; ta x e s ,
$12 ,509 ; b a l. fo r In t., § 2 2 0 ,7 3 9 .
Y e a rly Interest ch arge on §4 ,1 0 0 ,0 0 0 new
b o n d s w ill b e § 2 0 5 ,0 0 0 . P re s ., F . L . P e ck ; T r e a s ., J o h n T . P orter; S e c .,
G. F . R oy ce.
O ffic e , S c r a n to n , P a .— (V . 8 6 , p . 1101, 1344; V .8 8 ,p .l5 6 1 .)
M ISS OU RI & I L L I N O I S B R I D G E & B E L T R R .— H as b rid ge 2 ,1 0 0 fe e t
lo n g across the M ississippi R iv e r a t A lto n , 111.; also 2 m iles o f r o a d . O w ned
b y 10 o f the 14 p r o p rie ta ry roads o f the T e rm in a l R R . A sso cia tio n o f St
L o u is, v iz .; C love. Cine. C h ic. ft S t. L ., L o u is v ille & N a sh ville, S t .L . Iron
M tn . & S o u th ., B a lt. & O h io , M issouri P a c ., W a b a s h , C h ic. R o c k Isla n d ft
P a c ., S t. L . & San F r a n ., M o. K an . & T e x . a n d S t. L . V a n d a lia ft T erre
H au te (P e n n . R R . s y s te m ). In c o r p o r a te d in A u g . 1904 as s u cce sso r o f the
S t. Clair M adison & S t. Louis B elt R R .
V . 7 9 , p. 164 2, 681. S to c k , $ 2 ,­
500 ,000 ; o u ts ta n d in g , § 1 1 0 ,0 0 0 .
F o r y e a r e n d in g Ju n e 30 1908, gross.
§1 4 2 ,2 4 7 ; net a fte r ta x e s , §1 1 0 ,0 3 8 ; b o n d In terest, § 6 1 ,9 4 0 ; b a l., s u r ., $ 4 8 ,­
098.
In 1906-07, gross. $ 16 7,75 1; n e t, § 1 1 2 ,0 1 9 .
P re s., H e n r y M iller
T r e a s ., F . H . H a m ilto n ; S e c ., W . F . B en d er, L in c o ln T r u s t B ld g ., S t. L ou is
— (V . 88, p . 1128.)
M I S S O U R F K A N S A S & T E X A S R Y .— (.S e e M a p . ) — O p c r a tc s a lin e w ith
n orth ern term in als at S t. L ou is, K ansas C ity , J u n ctio n C ity an d H a n n ib a l,
M o ., e x te n d in g s o u th e r ly across the In d ia n T e r r ito r y a n d th e T e x a s c o t to n
b e lt to tid e w a te r a t G a lv e s to n , o n the G ulf o f M e x ico , a n d t o San A n to n io .
T e x ., a n d S h r e v e p o rt, L a ., w ith bra n ch e s.
(*See this c o m p a n y .)
R o a d O w n ed —
~ p e r a t.................- O w n e d —
M ile s .
O
ed — N ot
M ile s
M issouri K a n . ft T e x . R y . —
W ich ita Falls R y . . . ....................
*18
S t. L ou is to R e d R iv e r , T e x . 629 D en ison B o n h a m & N . O . R R . *24
H an n lb a l t o F ran k lin J e t ------- 104 D a l. C le b . & S o u th w e s te r n ____
*10
B ran ch es t o P a o la a n d P a r­
D e w e y , I . T . , t o B a rtle sv ille___
4
A u stin , T e x ., te rm in a ls...............
so n s, ICan.; O k la h o m a C ity
2
O p era ted J o in tly —
a n d G u th rie, O . T .,a n d W y b a r k a n d A to k a , O k la ., & c. 921 S t. L o u is to T e x a s J u n c t io n ___
24
K ansas C ity t o P a o la ....................
43
M o. K a n & T . R y . o f T e x a s —
R e d R iv e r t o H o u s to n , T e x . . 548 W h lte s b o ro to F t . W o r t h
71
7
112 . .Tola to P Iqu a, K a n sa s___________
D eni o n to H e n r ie tta ________
O th er b ra n ch e s_______________ 476 G a lv e sto n H o u s to n ft H e n d .
*50
29
A u stin t o San M arcos....................

T o ta l o w n e d __________________ 2,7 9 0
T o t a l o p e ra te d j n iy t j 0 o 9 .. 3 , 0 7 2
O R G A N I Z A T I O N , & c.— R e o r g . In 1890 w ith o u t fo re clo s u re , V .4 9 ,p .7 1 9 .
In O ct. 1909 a large Interest h ad be e n a c q u ir e d b y E dw in H a w le y , B . F
Y o a k u m o f th e R o c k Isla n d C o . a n d S p e y e r & C o .
V . 89, p. 993.
L A N D .G R A N T .— L a n d gran t In fo rm e r In d ia n T e r r ito r y (n o w O k la ­
h o m a ), 3 ,1 1 0 ,4 0 0 a cres, s u b je c t to In d ia n t itle . See V . 79, p. 903. 1281:
V. 8 1 , p. 6 68 , 1042; c o m p a re V . 67, p . 222; V . 55, p. 937; V . 61, p . 1 1 5 5 ­
V . 77, p . 2339; V . 8 2 , p . 1102; V . 8 4 . p . 508, 1248; V . 85, p 736.
S T O C K .— C o m m o n Increased In 1904 b y $ 7 ,2 0 0 ,0 0 0 to $ 6 3 ,3 0 0 ,3 0 0
preferred Is § 1 3 ,0 0 0 ,0 0 0 4 % n o n -c u m u la tlv e . P a r o f shares, § 100 .
D I V I D E N D S .— O n p r e f., 1906 t o N o v . 1909, 4 % y e a rly (M . ft N .) .
B O N D S .— M. K . & T . 1st an d 2d m tges. o f 1890 (a b stra cts in V . 51, p
495) c o v e r line fro m H a n n ib a l, M o ., t o a p o in t 80 m . fro m H o u s to n , T ex .',
941 m . (e x c e p t 71 m . o f t r a c k a g e ), a n d s u n d ry bran ch es, the to ta l m ileage
m o rtg a ge d bein g 1,601 m ., In clu din g th e S h erm an S h re v e p o rt & S o ., b u t
see b e lo w . T h ese m tg e s. also c o v e r the rig h t t o the land gran t.
M i s s o u r i K a n s a s & E a s t e r n b o n d s w ere a ssu m ed In Jun e 1896.
(V . 63,
p. 30 .)
$4 ,6 6 6 ,0 0 0 S t. L ou is d lv . 1st re fg . b o n d s reserved fo r retirem en t
o f b o th Issues; balan ce fo r e x t . a n d im p ts. V . 72, p . 1034: V . 75, p . 608 .
T h e S h e r m a n S h r e v e p o r t & S o u t h e r n m o rtg a g e Is fo r § 6 , 000,000 a t $ 20 ,000
Y ea r G ross.
N et In c.
I n t . & lle n ta ls . I m p r o v e s . H a l., S u r .
per m ile; Issued, § 3 ,6 8 9 ,0 0 0 , o f w h ich § 2 ,0 0 0 ,0 0 0 p le d g e d u n d er M. K . &
1 9 0 8 -0 9 ..........§ 1 2 ,3 3 9 ,7 5 5
§ 4 ,9 9 4 ,7 8 8 § 2 ,4 6 1 ,1 4 3
§35 0 ,0 0 0
$2 ,1 8 3 ,6 4 5
m tge . o f
19070 8 --------------- 1 1 ,193,720
4 ,3 6 8 ,1 7 0 2 ,3 0 7 ,3 0 8 35 0 ,0 0 0 T . 1,650.870 1890. T h e b o n d s, fo rm e rly gu a ra n te e d , w ere assum ed u p on
co n s o lid a tio n In M ay 1901.
V . 72, p . 1034, 1115.
N et In com e in 1908-09 Includes $35,593 an d In 1907-08 $53 0,57 6 profits
T h e M issouri K an sas ft O k la h om a a n d T e x a s ft O k la h om a b o n d s , Issued
fro m the sale o f rea l e s ta te .
F ro m surplus as a b o v e w ere p a id d iv id e n d s as
a t $ 20 ,000 per m ile, gu a ra n te e d , have be e n assu m ed . V 74, p . 1038;
fo llo w s : 7 % o n p r e f., §58 8 ,0 0 0 in 1908-09 a n d $488,744 In 1907-08, an d in
V.
1 90 809 o n c o m m o n , 6 % (§ 1 ,0 0 8 .0 0 0 ), a gain st 5 % ($693,015) In 1907-08.75. p , 185, 733; V . 77, p. 252; V . 78, p . 4 8 ; V . 79, p . 968.
O f the 1st an d re fu n d in g 4s o f 1904 ($ 4 0 ,0 0 0 ,0 0 0 a u th o riz e d Issue), $ 1 2 ,­
le a v in g su rplu s o f §5 8 7 ,6 4 5 In 1908-09, again st $ 46 9,11 1. — (V . 89, p. 775
0 37 ,000 Is reserved to retire d iv isio n a l m o rtg a ge s a t o r b e fo re m a tu rity ;
779 , 993 .)
’
balan ce unissued (§1 7 .9 7 1 ,0 0 0 ) fo r fu tu re p u rp o se s. T h e y are p a y a b le at
M IN N E S O T A T R A N S F E R R Y . — U n io n r o a d o w n in g 13.54 m iles, e x ­ the o p tio n o f the h o ld e r in sterlin g, m arks o r fra n cs. T h e y are a s econ d
te n d in g fr o m J u n ction w ith C h ic M il. & S t. P a u l a t M errlam P a rk t o F redlien o n 558 m iles o f ro a d a n d o n th e first m tg e . b o n d s o f D enison & W ash ita
le y (w ith s t o c k y a rd s , & c .); side track s, 4 5 .7 2 m iles; t o ta l, 59.2 6 m iles.
V.
V a lley R y ., 37 m iles, an d a first lien o n term inals a n d e q u ip m e n t o f esti­
6 7 , p. 956. S t o c k , §7 0 ,0 0 0 , e q u a lly o w n e d b y C h ic. M ilw . ft S t. P a u l, N o r.
m ated va lu e Of $ 2 4 ,3 8 0 ,0 0 0 . V . 70, p . 968 , 1281, 1332; V . 80, p. 2 2 2 ,
P a c ., C h ic. S t.jP a u ljM in n . ft O m a h a , M in n . & S t. L o u is , W isc o n s in C e n t.,
712; V . 81, p. 613: V . 82, p . 987, 1407; V . 8 6 , p . 1101; V 8 8 , p 1 5 8 ,2 9 5 .







R A IL R O A D S
F o r e x p la n a ti o n o f c o lu m n h e a d in g s ,
o n f i r s t p a g e o f ta b le s .

IN T E R E S T
D a te
of
B onds

cfee., s e e n o t e s

M inn St Paul & S Stc M arie— C om s to c k $2 8 ,0 0 0 ,0 0 0
P referred s to c k 7 % n o n -c u m , to be $14 ,000 000
W isco n s in C entral leased line ctfs $1 2 ,5 0 0 ,0 0 0 auth*
M in n S au lt S te M arie & A t la n tic 1st M g o ld
Ce c '
M in n eap olis A P a cific first m o rtg a g e
Ce c*
C ons m ortg a g e g o ld lnt gu ar (end) see t e x t - I ! C e ! c *
S econ d m ortg a ge $ 5 ,0 0 0 ,0 0 0 g o ld lnt gu a ra n te e d Ce
Car trusts June 30 1909, d u e $96,000 s e m l-a n n u a lly .
M in n esota T ra n sfer— First m tge ($ 914,000 are 4 s ) _ _ .c
M is s is s ip p i A rk a n sa s & W e s te rn — First m tge g o ld - A C
M ,Si
i 10A
0?P s°0 0 K * u rei1 ( t e x t ) - - S x c *
M o& III Br& B elt— St C M A St L B 1st M red g - S S t .c *
C on solid a ted m ortg a ge $ 2 ,0 0 0 ,0 0 0 a u th o rize d g o ld -

495
286
2.4 7 0
2.470
22
164

Missouri Kansas & Texas—Common stock_____

1886
1886
1888
1899
1886
1902
1909
1901
1004

P referred s to c k 4 % n o n -c u m u la tlv e ..............................
F irst m ortg a g e g o l d ..........................................................Ce 1,601 1890
S econ d m ortg a ge g o ld ........ ..............................._
Me 1,601 1890
F irst e x ten sion m ortg a g e gold $ 3 ,2 5 4 .0 0 0 ____ C e.c*
164 1894
St L ou is D iv is ion first r e fu n d in g m o r tg a g e ____ F.c*
1901
M issouri K a n sas & E a stern 1st M g o ld a s s u m e d --C e
162 1892
S econ d m ortg a g e g u a ra n te e d , b e in g r e tir e d _____
162 1892
Sh Sh A S o 1st M ($ 20,000 p m ) g o ld a s s u m c d -C c .c *
202 1893
K ansas C ity & P a cific 1st M g o ld a ssu m e d ____ Ccc*
130 1890
M K & O kla 1st M $ 5 ,4 6 8 ,0 0 0 gold a s s u m e d ___ C e.c*
277 1902
T e x a s A O kla 1st M $ 2 ,3 4 7 ,0 0 0 g o ld a s s u m e d -C c .c*
117 1903
F irst and r efu n d in g M $ 4 0 ,0 0 0 ,0 0 0 g o ld (see te x t) F
595 1904
G eneral m tge $ 2 0 ,0 0 0 ,0 0 0 g o ld s ln k ’g fund red N c* 3,043 1906
S W C A Im p 1st M assum ed sink fu n d call at 125 F
1889
D allas A W a c o 1st M $20 ,000 p m e g u a r p & 1 Ce c*
"67 1890
M K A T o f T e x a s 1st M $20 ,000 p m .C e .c * ] G uar Dr
225 1892
? ° ° r Vi 1 f r i d g e 1st M gold sink f d . C e , c * / A Inter.
?r
1901
M o K A r rerm ln a l Co first m tg e , g u ar prin A In t._
M issou ri & N or(h A rk — A lle g h e n y Im p t n o te s g red..
1906
M o O kla & G ulf R y — 1st M $10 ,0 0 0 ,0 0 0 g red t e x t SSc* 111.3 1904
M issou ri P a cific — S tock ($ 1 0 0 ,0 0 0 ,0 0 0 a u th o rize d ) - ­
P a cific R R o f M issouri 1st M e x t In 1888 g o l d - - M e
283 1868
S econ d m tge e x t In 1891 In g o ld St L to K C - . c *
283 1871
First m tge St L ou is real estate e x t In 1892 g o ld - 1872
O f w h ich held In treasu ry Jan . 1909: e $164, 0 0 0 .
f $39.

S iz e , o r
Par
V a lu e

O f the $2 0 ,0 0 0 ,0 0 0 gen . M. 4 H % sin k. fd . 3 0 -y e a r g o ld b o n d s, s to c k h o ld In 1906 o ffered the rig h t t o su b scrib e fo r $ 10 , 000,000 (un derw ritten )
at $875 p er $1,000 b o n d , $ 4 ,0 0 0 ,0 0 0 e q u ip , trusts be in g retired o u t o f p r o ­
ceed s, the b on d s bein g a lien th ereon s u b je c t to th e first a n d re fu n d in g m tg e .
In J a n . 1909 $ 3 ,1 7 0 ,0 0 0 w ere so ld fo r e q u ip m e n t. S in k , fu n d , 2 % o f o u tsta n d ln g b o n d s y e a r ly begin n in g J a n . 1 1911, w ill be used t o purch ase o r
call b on d s b y lo t a t par, b o n d s p u rch ased to be k e p t aliv e In sin kin g fu n d .
(V n £ 2 ’ .p - 2.18>.3 ¥ ’ 602; V . 84, p. 1551; V . 85, p . 346 , 654; V . 8 8 , p .1 0 1 ,1 5 8 .)
T h e b on d s o f the M. K . A T . T e rm in a l C o. o f St. L ou is, to bu ild term inals
to c o s t a b o u t $ 4 ,0 0 0 ,0 0 0 , a r c to be g u a ra n te e d .
V . 89, p . 717, 721.
As to M . K . A T . o f T ex a s “ first e x te n sio n an d gen . m t g e .” fo r $ 2 5 ,0 0 0 .­
00 0 , c o n te m p la te d In 1906, see V . 83, p . 435 , 562; V . 8 2 , p . 1269.
i G U A R A N T I E S .— T h e B o o n v llle B ridge 4s arc g u aran teed , p rin cipa l and
in terest, an d also as to sin k in g fu n d begin n in g 1911.
V . 73 p 494
* ? • ° J T e x ,a s m t£ «- secures $ 10 , 000,000 o f bonds' a t $ 20,000
P n t L f5 r exten s ons } n T e x a s .
T h e y are gu a ra n te e d , p rin cipa l an d
Interest
See a b o v e , a n d g u a r a n ty , V . 56, p . 604.
D
n
C o a l l\ l m P rov, e " ' e n l C o . ’ s b o n d s are g u aran teed .
M ort­
gage ($ 1 ,0 0 0 ,0 0 0 ) co v e rs the coa l In 51,000 acres In In d ia n T e rr ito r y ; the
c o . also ow n s 2 ,3 5 0 acres a d d itio n a l, D en . A W a s h . R y ., 20 m ., m in es, A c .
L A T E S T E A R N I N G S .— F o r 2 m o n th s e n d in g A u g 31:
N e t.

O th . I n c .

C h a rg es.

R a le
%

W h en
P a y a b le

100 $ 2 0 ,832 ,00 0 6 in 1909 A
100 10,416,000 7 in 1909 A
100 1 0 ,784,500
4
A
1,000
8 ,2 0 4 ,0 0 0
4 g
J
1,000
300 ,000
4 (5) J
1,000 4 5 ,8 9 1 .0 0 0
4 g
J
1,000
3 ,5 0 0 ,0 0 0
4 g
J
1,000
1,5 5 1 .0 0 0
5
J
1,000
1,8 1 8 ,0 0 0
4 A 5
F
1,000
220 ,000
5 g
J
500 A c
4 ,1 0 0 ,0 0 0
J
5 g
1.000
758 ,500
J
4 g
1,000
790 ,000
4 g
J
100 63,3 0 0 ,3 0 0
100 1 3 ,0 0 0 ,0 0 0 4 In 1909 M
500 A c 4 0 ,0 0 0 ,0 0 0
4 g
J
500 A c 2 0 ,0 0 0 ,0 0 0
4 g
F
1,000
3 ,2 5 4 ,0 0 0
5 g
M
1,000
1 ,9 2 3 ,0 0 0
4 g
A
1,000
4 ,0 0 0 ,0 0 0
5 g
A
1,000
59,000
5 g
A
1,000
1,6 8 9 ,0 0 0
5 g
J
1,000
2 ,5 0 0 ,0 0 0
4 g
F
1,000
5,4 6 8 ,0 0 0
5 g
M
1,000
2 ,3 4 7 ,0 0 0
5 g
M
1,000
9 ,9 9 2 ,0 0 0
4 g
M
1,000 13,1 7 0 ,0 0 0
4>* g J
1,000
968 ,000
6
J
1,000
1,3 4 0 ,0 0 0
M
5 g
1,000
4 ,5 0 5 ,0 0 0
M
5 g
1.000
1 ,000,000
M
4 g
S e c text
6 ,0 0 0 ,0 0 0
100 A c
4 .0 0 0 .0 0 0
5 g
M
100 83,251,ui.O See te x t J
1.000
7 ,0 0 0 ,0 0 0
F
4 g
1,000
2 ,5 7 3 ,0 0 0
J
5 g
500 A c
800 ,000
M
6 g
000

P

i o o a r ° ntftS

A m ount
O u tsta n d in g

B a l.,S u r p .

A
A
A
A
A
A
A
A
A
A
A

OR

D IV ID E N D S .

W h ere P a y a b le , a n d b y
W hom .

B o n d s— P r in c i
p a l, W h e n D m
S to ck s— L a st
D iv id e n d

A

O M inn o ffic e : ch e ck s m a il’d
O
do
C
J Bank o f M on treal. N Y
J
do
J
do
do
J
do
J
do
do
A 1st N a t B k .S t P a u l.M in n
J A m e r T r A S av B k . Chic
J H a r v e y F isk A S on s. N Y
J
J St L ou is U n ion T ru st Co

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

N N ew Y o r k
N o v 10 1909 2 %
D O ffice , 49 W all S t, N Y Jun e 1 1990
A
do
do
Jun e 1 1990
N
do
do
N o v 1 1944
O
do
do
A p r 1 2001
O
do
do
A p r 1 1942
()
do
A p r 1 1942
1J
do
A
do
A u g 1 1990
N
do
do
M ay 1 1942
S
do
do
Sept 1 1943
S
do
do
S ept 1 2004
J
do
do
Jan 1 1936
do
J
do
J u ly 1 1929
N
do
do
N o v 1 1940
S O ffic e , 49 W all S t, N Y
N
do
do
N o v 1 1951

A
A
A
&
A

N N ew Y o r k and St L ou is
.1 195 B ro a d w a y ,N e w Y o r k
A M erca n tile T ru st C o . N Y
.)
do
do
N
do
do

&

O ct 16 1909 3
O ct 16 1909 3 M
p r 1 2008
Ja'n 1 1926
Jan 1 1936
J u ly 1 1938
Jan 1 1949
Aug
Jan
J u ly
Jan
Jan

1
1
1
1
1

1916
1922
1949
1951
1951

N ov 1 1 9 4 4
Jan 30 1908 2 M
A u g 1 1938
July 1 1938
M ay 1 1938

L { : ea sed l i n e s ’ * c . ( C o n .) .

M ile s .

B ran ch es o w n e d ! : : : : : : : : : : : : 2 9757 jT r a c k a ^ to s t - ^ e p h , a c ___
21
L ea sed lin e s , & c .
’
j
______
B o o n v llle S t. L. A S o u th e r n ___
44 IT o t.M o P a c and hrnnrh linns a 770
’ ’
G rand to ta l M issouri P a cific m ilea ge Jun e 30 1908 , 6,477 m iles.
A ls o co n tro ls S t. L o u is Iron M tn. A S ou th ern an d leased lines, 2.599 m .
x f X a n ^ n n n 3 si>bsIt. ary c o m p a n ie s (o th e r than the Iron M ountain) o n
U
xfn y r> 9 1909 c n t ®reii ln to a rticles o f c o n s o lid a tio n . T h e s to ck h o ld e rs o f
M o. P a c a p p ro v e d sam e on A u g . 6 1909; V . 8 8 , p. 1438; V . 8 9 , p. 348.
E a rly In 1901 a large Interest w as a cqu ired In the D e n v e r A R io G ra n d e,
* .? T 0 P K '— st0,ck a u th o r iz e d , as Increased b y the c o n s o lid a tio n w ith c o n ­
s titu e n t c o m p a n ie s In A u g . 1909, $ 2 4 0 ,0 0 0 ,0 0 0 . T h e a m o u n t o f the fo rm er
o u ts ta n d in g o n D e c. 31 1900 w as $ 5 0 ,4 3 2 ,1 5 0 ; In creased to $76 .­
4 0 2 ,8 7 5 in 190 1, an d th e r e a fte r to $ 7 9 ,7 6 4 ,2 2 5 , and $ 8 3 ,2 5 1 ,0 0 0 o f new
c o m p a n y s s to c k w ill b e Issued In e x ch a n g e fo r s to ck s o f c o n s titu e n t c o m ­
pan ies m erged in 1909. V . 85, p. 1646; V . 8 9 , p . 348 .
, ’.8,2/ 83 l ? ’ 87 ’ 88 ’ 89 ’ 90 ’ 91 ’ 92 ^ ’ 00 ’ 01 ’ 02 to ’ 07
1908
P e r c t . 1 6 If 7 y ’ ly .
5H
4
4
3
N one.
2^
5 y ’ ly . J a n .2 J 4 stk .
In J u ly 1908 an d In 1909 the d iv id e n d w as o m itte d .
V . 86, p . 1410.

n , ! f ° „ N I ) A ' 7 T hc c o n s o l i d a t e d m o r t g a g e Is fo r $ 3 0 ,0 0 0 ,0 0 0 — trustees J o h n F .
D illo n and E d w a rd D . A d a m s — the b a lan ce unissued Is In trust to redeem
p rio r b o n d s due It d eem ed b e st. A b s tr a c t In V . 47, p . 287.
T h e c o l l a t e r a l t r u s t b o n d s d u e 1917 (U n io n T ru st C o m p a n y o f N ew Y o r k ,
ir,i A
NrfiU A n R E P O R T . - A n n u a l m e e tin g first T h u rsd a y a fte r first M o n d a y
trustee) are secu red b y m o rtg a ge b o n d s o f new road s at $12 ,000 o r $15 ,000
In A p ril.
R e p o r t 1908-09 w as give n In V . 8 9 , p . 717.
p er m ile; these e m b ra cin g the line fro m F o rt S c o t t , K a n ., to P u e b lo , C o lo .,
Y e a r e n d i n g J u n e 30—
1909.
1908.
1907.
A c.
F o r securities p le d g e d . A c ., see V . 46, p . 678.
$ 25 ,300 ,91 5 $ 2 3 ,283 ,66 9 $ 2 6 ,183 ,95 9
T h e 4s o f 1905 ($ 5 0 ,0 0 0 ,0 0 0 au th orized Issue) are secured b y an e qu a l
1 8,634,715
17,120,350
17,156,878
. tI*?l'u t at p a r o f Iron M ou n tain s t o c k , th e d e p o site d s to c k to be never
a
non i n
a
o f th e o u ts ta n d in g a m o u n t. T h e rem ain in g $ 1 7 ,­
$ 6 ,666,200
$ 6 ,163,319
$9,027,081
0 00 ,000 Is reserved fo r e x te n s io n s . Im p ro ve m e n ts and b e tte rm e n ts.
C om ­
R e n ta ls r e c e iv e d _____
65,6151
p are V . 80, p. 712: V . 86, p. 1344.
M iscella n eou s I n c o m e .
115 ,820J
381,423
177,140
nnn
c^A'V
n!lnVOt? • ^ c r on aiiU iorlzIrig a n ew b o n d Issue o f $15 0,­
0 00 ,000 to $ 1 7 5 ,0 0 0 ,0 0 0 , o f w h ich a b o u t $86 ,0 0 0 ,0 0 0 will be fo r re fu n d in g
$ 6,847,635
$6,544,741
pu rp oses, re m a in d e r fo r p resen t and fu tu re n eed s. A sale o f a b lo ck o f
$9,204,221
4,782,634
4,670,628
b o n d s, w h en Issued, it is u n d e rs to o d , has b e e n a rra n g e d . V . 89, p . 348 .
4,5 2 4 ,8 3 9
I n t . o n e q u ip m e n t n o te s _________ _
3,318
3 1,433
K A N S A S A C O L O R A D O P A C I F I C R Y . — T h e first r e fu n d in g m o rtR e n ta ls _________________________________
530,408
507,406
478 .499
8:01(1 boncis- lim ited to $ 5 0 ,0 0 0 ,0 0 0 , t o be Issued as fo llo w s :
O th er ln t. an d hire o f e q u ip m e n t____
156,979
$ 19 ,656 ,00 0 t o reim bu rse th e M issouri P a cific R y . fo r a d v a n ce s . O f th is
D iv id e n d s o n p ref. s to c k ( 4 % ) _______
520,000
520,000
520,000
a m o u n t $1 2 ,0 0 0 ,0 0 0 w as d e p o s ite d w ith the E q u ita b le T ru st
A d d it io n s an d b e tte r m e n ts __________
433,412
546,444
518,572
C o . o f N . Y . , as trustee fo r the $ 6 ,0 0 0 ,0 0 0 M issouri P a cific
2'Y.ea,r . colIateral trust co n v e r tib le 6 % g o ld n otes w h ich w ere
$420,884
$268,830 $3,162,311
called fo r p a y m e n t F e b . 10 1909. O f the n otes $ 4 8 7,00 0 had
1 1 i G i a i i o , — x i t a . , n . n . h h h i , o t . i^ u u is , V . - i . 0.11(1 LTOaS C ( i H r n c r p
, , r o • n n n Pe e o c o n v e r te d Into first r e fu n d in g b o n d s In J u ly 1908.
>
N ew Y o r k ; V .- P ., C. H a lle , S t. L o u is; S e c ., C. N . W h ite h e a d ! 49 W a ll S t g
23,5 3 2 ,0 0 0 t o retire u n d e rlyin g b o n d s o f c o n s titu e n t c o s . at present held
D irectors— E d w in H a w le y (C h a irm a n ), B . F . Y o a k u m , H ans W in te r.
i>aclftc R y - co ll, trust 5s o f 1917 and 1920.
eld t, F ra n k A . V a n d e rlip , F ran k T ru m b u ll, Jam es N . W a lla ce and H ugh
6 ,8 1 2 ,0 0 0
reserved fo r the p u rp ose o f co n s tr u c tin g o r acqulrln g.extensloM
J . G ra n t, N ew Y o r k ; A . A . A lle n , C. H a ile , Jam es H a ge rm a n , Jam es C a m p ­
bran ch es
*o r Im p rovem en t o f the present p r o p e r ty .
b e ll S t. L ou is, M o.; E d w a rd S . R e a , A lfr e d J . P o o r , E. B. S te v e n s, Kansas? ri?KAC*Vin(* nF b o n d s are secured b y a m o rtg a g e th a t Is a d ire ct lien
11. .J. De M arcz O y e n s , A m s te r d a m , H ollan d ; and A lfre d W S m lth e rs’ o n the 1,450 m iles o f railroad sh ow n on the a d jo in in g m a p , w h ich c o n s titu te
L o n d o n , E n g .— (V . 88, p. 295; V. 8 9 , p. 4 2 , 4 0 8 , 717, 721 , 993, 1069.) ’ an Im porta n t part o f the M issouri P a cific s y s te m , s u b je c t to p rior liens at
th e rate o f $15,544 p e r m ile, fo r the refu n d in g o f w h ich p ro v isio n Is m ade
r ,c ) i l SSL li!K I t ? , ^ 0 R T,H
R R -— O perates fro m J o p lin , M o ., to
u n d e r the m o rtg a ge . T h e au th orized issue Is lim ited to $30 ,000 per m ile
L eslie, A rk
182)^ m iles, o f w h ich N e o sh o , M o ., to J o p lin , 19 m iles, and
Inclu din g said p rio r Hens. T h e y are a d d itio n a lly secured b y the e n d o rse­
S ellgm a n , A r k ., to W o o d r u ff. 9 m iles, arc track age.
E x te n sio n fro m L es­
m en t o f the g u a ra n ty o f M issouri P a cific o f b o th prin cipa l and Interest.
lie to H elen a , A r k ., 179 m iles, o f w h ich 96 m iles o p e r a te d A u g 1909 an d
T h e K ansas A C olorad o P a cific R y . w as orga n ized In 1889 b y the c o n s o li­
rem a in d er w as a b o u t c o m p le t e d .
V . 86, p. 168
S u cce sso r ner’ nlnn
d a tio n o f the v a riou s c o rp o ra tio n s o w n in g the railroads th a t c o n n e c t
V . 8 2 , p . 569 1269: V . 83. p. 39. o f S t. L ou is A N orth A r T a n s ls !fo re c lo s c d
th e M issouri P a cific R a ilw a y , the S t. L ou is Iron M ou n tain A S o u th ­
S to c k a u th o riz e d , $ 2 5 ,0 0 0 p er m ile.
In A u g . 1906 a m o rtg age w as filed
ern R y . and the W abash R R . w ith the D e n v e r A R io G rande R R .,
to secure an Issue o f $11 ,5 0 0 ,0 0 0 5 0 -y ca r 4 % g o ld b o n d s (St. L ou is U n ion
and th rou gh th at s y s te m , v ia the W e ste rn P a cific R R ., w ill fo rm p a rt o f
T ru s t C o ., trustee) Issuable at $25 ,000 p er m ile.
E n tire s to c k and b o n d s
th e th ro u gh line fro m P itts b u r g h , P a ., an d C h icago, 111., to San F ra n cisco.
? m n r n v S n t V eCUf e $6,0 0 0 ,0 0 0 5 -year 5 % gold n otes o f the A lle g h e n j
S ee V . 8 6 . p . 229, 286; V . 88, p . 452.
/^?I\.rcl,Yernen^ i^ ° a *
1 l lU R bu t red eem able o n a n y interest d a y
G E N E R A L F IN A N C E S — T h e c o m p a n y on Ju n o 30 1908 o w n e d $2,­
A . 4 0 . at S t. L o u is U n ion T ru st C o ., tru stee. V . 85, p . 9 9 .
000,000 W abash R R . p re f. s to c k and the S t. L o u is A Ir o n M tn. $ 9 ,3 2 6 ,2 0 0
O u tsta n d in g M ay 20 1909, $ 7 ,0 8 9 ,5 0 0 each o f s to c k an d b o n d s.
pref. and $2,8 2 6 ,2 0 0 c o m . s to c k and $ 3 ,9 1 3 ,2 0 0 first re fu n d in g an d e x t e n ­
S K 0 / earinC,t o K U,n^ i 30 1909 S'?'15 a y er. m ile s ), gro ss, $486,371; n e t,
77
sion b o n d s. See W a b a sh R R . T h e G ou ld Interests are also b a c k o f th e
i L ’7I ,
,1907‘ 08 (,111 a v , r - m ile s ), gross, $35 5,20 2; n e t, $7,459; o th e r
e
W estern P a cific R y ., b u ild in g b e tw e e n S a lt L a k e C ity an d San F r a n cis c o .
{?n»;ri51T?7 R
and_ r e n ta ls Y $ 17 ,283 ; b a l., d e f ., $7,853
C h airm an o f
See V . 80. p. 1730; V . 7 9 , p . 1023.
B o a rd , D . R . I-ran cls; P r e s ., J o h n S cu llin ; V ic e -P r e s ., G eo. L . S an d s.— (V .
oO, p . o07.)
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 .. .G r o s s , $46 ,385 ,54 1; net, $12 ,459 029
J u ly 1 to Jun e 30.
/ 1 9 0 7 -0 8 .. .G r o s s , 44 ,2 3 8 ,7 0 2 ; n e t, 12,592,414
M IS S O U R I O K L A H O M A & G U L F R A I L W A Y . — O w ns a n d o p e rA N N U A L R E P O R T — Fiscal y ear en ds J u n e 30
R e p o rt fo r y e a r e n d in g
a^es 111.3 m iles o f m ain track an d 11.4 m iles o f sidin gs e x te n d in g fro m W a g C o m p w ls o n !
? “ * U 0,£ ai v ,n - U k la ., v ia M uskogee and H e n ry e tta .
Coal bra n ch 5 m iles In Ju n e 30 1908 In V 8 7 . p . 1082. 1099; e d ito ria l, p . 1058
w ith earlier years In accu rate, o w in g to ch anges In a c c o u n tin g .
A n nual
len gth in H en ry etta coal held a t H e n r y e tta .
E x te n sio n u n d e r c o n s tru ctio n
m eetin g Is held a t S t. L ou is In M arch.
R e p o rt o f earnings o f M issouri
^ro_m p resen t sou th ern term inus a t C a lvin to D en ison an d S h erm an , T e x .,
P a cific S y s t e m h a ve been as b e lo w .
" O t h e r In co m e ” in 1907-08 Includes:
106 m iles, to be c o m p le te d a b o u t N o v . 15.
M ain line, 7 0 -lb . ste e l rail;
ln t . on T e x a s A P a cific 2d m tg e . in co m e s. $82 8,38 0; W a b a s h 1st r e f. A
sid in gs, 6 0 -lb . steel rail— o p e r a te d In d e p e n d e n tly .
O w ns 2 steel girder
bridges o v e r V erdigris and A rka n sas riv ers, w h ich are used as toll bridges
’ J J 5 * ' 52,° : , 1! aoU1c K ? P ^ s s C o ., $14 4,00 0; D en ver A R io G ra n de.
?
l
$36 5,00 0; S t. L ou is W a tk in s A G ulf, A c., $19 7,22 8.
E x te n siv e term in al p r o p e r ty a t c it y o f M u sk ogee.
. .. .
. .
1907-08.
1906-07.
1905-06.
STOCK.—Authorized. $10,000,000; outstanding, $ 3 ,0 0 0 ,0 0 0 ; par, $100. Miles op erated , a v e r a g e ............................
6,479
6,375
6,2 7 6
T o ta l e arn in gs................................................$ 4 4 ,238 ,70 3 $ 4 8 ,703 ,34 3 $ 4 4 ,566 ,82 1
B O N D S secured b y a b solu te 1st m tg e . o n en tire p r o p e r ty n o w ow n ed
N et e a r n in g s .. .......................................... 12,592,415
16,188,272 14,2 8 4 ,4 1 6
o r h ereafter a cq u ired , lim ited to $25 ,000 per m ile, to be Issued u p o n c o m ­
O th er in c o m e , A c ........................................
2 ,8 7 5 ,2 9 8
3 , 283,283
3,5 5 8 .9 1 1
p le tio n o f 5-m lle section s.
B o n d s arc s u b je c t to call at 107 and Interest
a fte r N o v . 1 1909 on 6 m os. n o tice . V . 86, p . 1043. In J u ly 1909 $4,0 0 0 000
T o ta l net In co m e .......................................$ 1 5 ,467 ,71 3 $ 19 , 471,555 $ 1 7 ,8 4 3 ,3 2 7
h ad been s o ld , w ith o p tio n on $ 1 ,0 0 0 ,0 0 0 a d d itio n a l.
V . 88, p . 686.
In te r st and re n ta ls................................... $9,1 4 5 ,1 8 9
$ 9 , 060,875 $ 8 ,9 3 6 ,7 0 2
O F F I C E R S .— Pres.
W m . K e n e flck , K an sas C ity , M o .; V .- P . and
J a x 5 3 ................................................................
1,644,057
1 ,483,940
1,457,924
S u n d ry a c c o u n t s ...........................................
1 , 692,751
1 , 228,628
1,1 1 0 ,5 9 6
? S C-- E - R - J on es.
G eneral o ffic e s , M u sk ogee, O kla
— (V . 8 1 . p . 1849; V . 86, p . 1043; V . 87, p . 415; V . 88, p . 686.)
D ivid en d s - - - - - ............................................
1,935,210
3.8 0 0 ,8 7 5
5,836,305
R a te o f d i v i d e n d ...........................................
(2M%)
(5 % )
(7 J * % )
(1) M IS S O U R I P A C IF IC R Y . — ( S e e M a p . ) — O perates an Im p orta n t s y s ­
tem e x te n d in g w e sterly and so u th w e ste rly fro m S t. L o u is , M o. includlm r
B alan ce, su rp lu s........................................... $ 1 ,0 5 0 ,5 0 6
$ 3 ,807,228
$49 2 ,7 1 0
m ain lines from St. L ou is to O m a h a, N e b ., 494 m ., and fro m K an C ltv to
P re s., G eorge J. G ou ld ; S e c. an d T r c a s ., A . H . C a lef, 105 B ’ w a y , N . Y .
P u e b lo , C o l., 624 m ., w ith m a n y b ran ch es In K an sas, A c. T h ro u g h th e St
D irectors— G eorge J . G o u ld , K dwln G o u ld , E d w a rd T . J e H cry , J , J .
L ou is Iron M t. A S ou th ern , w h ich It co n tr o ls , c o n n e c tio n Is had w ith T e x a s
S lo cu m , H o w a rd G o u ld . F red . T . G ates, F ran k J . G o u ld , K ln g d o n G o u ld ,
an d the lines o f th e T e x . A P a c ., In te rn a t. A G t. N orth ern and th e S t. L ou is
R . M . G a llo w a y , H . B. H en son , N ew Y o rk ; C harles S . C lark e, O . L . G arri­
S ou th w estern , th e w h ole fo rm in g w h a t Is k n o w n as the “ G ou ld S ystem "
s o n , W . K . B lx b y , S t. L o u is, M o .— (V . 89, p . 104, 348 , 593.)
i 9 9 9 .................. ¥ ’™ 3 ’223
1908 .................. 4 ,0 6 9 ,0 3 7




$1,3 4 3 ,3 1 4
1 ,1 3 2 ,6 1 5

$8,239
11,545

$1,1 3 8 ,4 5 0
1 ,123,770

$213,103
20,390

RAILWAY STOCKS AND BONDS.
O c t ., 1909.]



______________

R A IL R O A D S

F o r e x p la n a ti o n o r c o lu m n h e a d in g s , & c ., se e n o te s
o n fir s t p a g e o f ta b les.

M issou ri P a cific — (C o n c l u d e d ) —
P a c H R o f M o I st M C a ron B r g g u p & 1 (end) e x t 1893
T h ird M e x t In 1900 red 105 (V 83, p 492 , 1348)C e
M issouri P a c 1st M L e x in g to n t o S ed a lla, M o, g o ld .
C on solid a ted m ortg a g e $ 3 0 ,0 0 0 ,0 0 0 g o l d .............c*
G old colla tera l tr u s t________________________ Un c * A r
F irst coll M $ 1 0 ,0 0 0 ,0 0 0 g (V 50, p 6 6 9 ) - -M e .c * r A r
M ortg age $ 5 0 ,0 0 0 ,0 0 0 g red a t 1 0 2 * 4 -._ A le .x c * A r *
L er & C a n ey V a l 1st M gold gu ar (V 70, p 1 0 9 5 )- _ c *
V erd ig ris V a l In d e p e n d e n ce & VV 1st M g o ld g u a r - .
K C A N W 1st M p ref " A ” gold Int rent red 1 0 5 . Me
C en tral B ra n ch U P 1st m tg e g o ld a s s u m e d .. U n.c*
C en tral B ran ch 1st M g old a ssu m e d _______________M e
E q u ip A s s ’n o b lig a tion s $20 3,00 0 p a y S e p t 1 yearly
do
do
Ser B g o ld $ 9 7 ,0 0 0 d u e M ch 1 y e a r ly ,
do
do
Ser C g o ld $2 8 2 ,0 0 0 Ju n e 1 y e a r ly .M e
do
do
S er D t o F gold $ 1 0 3,00 0 D e o 1 yearly
do
do
Ser G t o I g old $22 0 ,0 0 0 y e a r ly ______
M o P a c e q u ip b on d s g $ 3 3 5,00 0 M ay 1 y r l y . . K .c * A r
M o P a c S y s te m — St L ou is Iron M t & Southern R y —
G en con s A first gu a r m tg e ($4 5 ,0 0 0 ,0 0 0 ) g - - _ M e . c *
do
do
g old sta m p ed g u aran teed p & l — c*
U n ify in g & refu n d M g o ld $ 4 0 ,0 0 0 ,0 0 0 - - .M p . x c * A r
H lv er A G D lv s 1st M $ 5 0 ,0 0 0 ,0 0 0 g - -M e .x c .* A r A r *
C ar tru sts K to M d u e Ju n e, S e p t and D e c y e a r ly ___
Car trusts Ser N to P $35 5 ,0 0 0 o r $35 7,00 0 y e a r l y ..
do
d o Ser R to U , p art y e a r ly _______________
do
do
g o ld $ 3 6 6,00 0 y e a r ly -----------M e c& r
L ittle R o c x Jun e 1st M gu a r p A I b y Iro n M t .M e .c *
Pine B luff A W e s t 1st M gu p A I red 10 years 1 0 5 . .
M ob ile & B irm in gh a m R R — P re f s to c k ($ 9 0 0 ,0 0 0 )___
P r io r lien g old $ 6 0 0 ,0 0 0 ...............................................-C e .c
F irst M ortg a ge $ 1 ,2 0 0 ,0 0 0 _______________ _______ M e .c
M ob ile & O h io— S t o c k __________________________________
F irst M M obile to C olu m b u s (p rin cip a l g o l d ) ___ F .c*
F ir s t M e x te n C olu m b u s to C airo & bra n ch g ___ F .c
G eneral m tge fo r $ 1 0 ,5 0 0 ,0 0 0 (n ow gold ) s f . - F . c *
M o n tg o m D lv 1st M $4,0 0 0 ,0 0 0 g ( V 66 p 1045) .C e.c*

IN T E R E S T
M ile s
of
R oad

13
296
55
1,076
1,120
671
52
81
100
288

_
_
_
_

...

D a te
of
B onds

1873
1876
1880
1880
1887
1890
1905
1886
1886
1894
1898
1899
1902
1903
1903
1903
190 5-7
1906

S iz e , o r
Par
V a lu e

$500
1,000
500 & c
1,000
1,000
1,000
500 A c
1,000
1,000
500 A c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1,538 ’ 8 1 -’ 87
1,000
1,538
1,000
1.543 1899
1,000
738 1903 1,000 A c
’ 9 5 -’ 03
1903
1,000
—
’ 0 5 -’06
1,000
1907
1,000
2 1891
1,000
44 1903
1,000
100
150 1895 200, 1000
150 1895 200, 1000
_
_ ___
100
472 1879
500 A c
527 1883
1,000
500 A c
527 1888
1,000
189 1897

__

_
_
_

_____

_ __

^ (2) M IS S O U R i PACIFIC SYSTEM— ST. LOUIS IRON MOUNTAIN &
SOUTHERN R Y.— ( S e e M a p . ) — O w ns S t. L o u is t o T e x a rk a n a , T e x . L in e
490 m iles; b ra n ch es to B e lm o n t, M o ., B ird ’ s P t ., M o . (C a iro ), C a m d en ,
A r k ., H elen a , A r k ., C u sh m an , A r k ., A rkansas C ity , A r k ., W a rre n , A r k .,
M em ph is, T e n n ., & c.; H ou ston Central A rkansas A N orth ern R y ., M e G hee,
A r k ., to A lex a n d ria , L a ., 262 m .; W h ite R iv e r b r a n c h , Illin ois D ivisio n ,
M em phis H elena & L ou isian a, E a st & W e s t Illin o is R y ., 1,534 m .; total
ow n ed J u ly l 1908, 2,286 m . Leases L ittle R o c k J u n ctio n R R .; K ansas A
A rkansas V a lley R R ., & c ., 312 m
T o ta l o p e r a te d J u ly 1 1908, 2,599 m .
O w ns $ 2 3 ,6 6 8 ,0 0 0 o f th e $ 24 ,984 ,75 6 T e x a s A P a cific secon d s e xch an g ed
fo r 6 5 % In g o ld 4s. See “ B o n d s .”
S T O C K .— S tock a u th o r iz e d , $ 1 3 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 4 4 ,3 9 6 ,5 7 3 , o f
w h ich S44,33 6,60 0 Ju n e 30 1909 o w n e d b y M issouri P a cific . S ee b e lo w .
D I V I D E N D .— In 1899, 2 % ; 1900, 6; 1901, 6; 1902 to 1904, 10 y e a r ly :
190 5, 7: fiscal y e a r 9 10 5-0 6, 14; 1906-07, 10; 190 7-0 8, 5; 1908-09, 4 % .
B O N D S .— G eneral c o n s o lid a te d m o r tg a g e Is fo r $ 4 5 ,0 0 0 ,0 0 0 . N os.
11,001 to 18,000 In clu sive a re e n d orsed w ith th e M issouri P a cific g u a ra n ty o f
principal and Interest; form o f gu a ra n ty w as In V .56, p . 650; th e y are a first
lien on 1,538 m iles.
(V . 68, p. 8 5 , 233 , 520; V . 78, p . 704, 1224.)
T h e g old 4s o f 1899 (first Issuo $30 ,0 0 0 ,0 0 0 ) m a y b e Increased n o t o v e r
$ 1 0 ,0 0 0 ,0 0 0 , a t $12 ,000 p er m ile , fo r c o n s tru ctio n o r a c q u is itio n an d e q u ip ­
m e n t of bran ch es and ex te n s io n s . T h e y are secu red b y a lien (s u b je c t o n ly
to th e gen eral con sols) on all th e railroad s, term inals an d e q u ip m e n t o f th e
c o m p a n y ow n ed a t th e tim e o f th e m ak in g th e re o f an d also a first and o n ly
lien on all s to c k s an d b on d s fo rm e r ly e m b ra ce d In th e tru st o f th e g o ld fu n d ­
ing n o te Indenture, all leased an d bran ch lin es, o r th eir b o n d s an d s to ck s
a c q u ir e d b y the loa n , and $23 ,6 6 8 ,0 0 0 T e x a s & P a cific s e co n d s, fu tu re e x te n ­
sion s, A c .
(V . 08, p. 619; V . 70, p. 997; V . 74. p. 206; V . 78, p . 704 , 1224.)
T h e R iv er A G u lf D iv ision s 4s o f 1903 (present Issue $20 ,0 0 0 ,0 0 0 ) w ill b e
secu red b y a first lien on 677 m iles o f road b u ilt o r u n d er c o n s tr u c tio n (see
a b o v e ) an d on term inal p r o p e r ty a t S t. L o u is, E ast S t. L o u is, C airo and
T h e b e s , and 8,0 0 0 acres o f coa l lands In Illin o is, a n d d e p o s it o f th e b o n d s o f
th e U n ion R y . o f M em phis.
A d d itio n a l b o n d s m a y b e Issued up t o a total
o f $ 5 0 ,0 0 0 ,0 0 0 a t n ot ov er $30 ,000 per m ile o f m ain line fo r new c o n s tru c­
tion an d $ 1 5 ,0 0 0 p er m ile o f se c o n d track an d b ra n ch e s, b u t n o t e x c e e d in g
th e a ctu a l c o s t , and fo r a d d itio n a l term in als, e q u ip m e n t, d o u b le tra ck s, A c .
V . 76, p. 543, 600 , 1085; V . 77, p . 1875, a p p lica tio n to list, V . 77, p.
2 03 6, 2049: see also V . 85, p . 222; V . 8 6 , p . 230; V . 8 7 , p . 167; V . 8 9 , p . 105.
P in e B luff & W estern gu aran teed 5s o f 1903, see V . 78. p . 103, 769.
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 --G r o s s , $ 2 3 ,2 4 2 ,2 3 5 ; n e t, $7,4 2 4 ,0 3 5
J u ly 1 t o Jun e 3 0 .
/ 1 9 0 7 -0 8 --G r o s s ,
2 1 ,7 9 3 ,2 9 3 ; n e t,
6,7 9 7 ,6 0 6
R E P O R T .— R e p o rt fo r 1907-08, in V . 87, p . 1082, 1099, s h o w e d :
Y e a r s e n d i n g J u n e 30—
1908.
1907.
1906.
M iles op e r a te d end o f y e a r ____________
2,5 9 9
2,5 9 4
. 2,457
G ross ea rn in gs__________________________$ 2 1 ,7 8 9 ,2 9 4 $ 2 3 ,9 8 7 ,0 2 0 $ 2 1 ,209 ,77 7
N et ea rn in gs........................................
6 ,7 9 7 ,6 0 6
8 ,9 2 4 ,6 4 6
7 ,8 7 8 ,9 6 0
O ther r e c e ip t s ...............................................
1 ,505,557
1 ,918,765
1,710,439
T o ta l net i n c o m e . . . ................................
8 ,3 0 3 ,1 6 3
10,843,411
9,5 8 9 ,3 9 9
In teres t on b o n d s ..................
4 ,5 7 7 ,4 5 5
4,4 5 2 ,5 7 1
4,3 1 4 ,5 1 7
T a x e s , brid g e exp en ses, ren tals, & C -.
1 ,367,556
1,316,478
1 ,145,110
D i v i d e n d s ....................................................(5 )2 ,2 1 9 ,5 5 6 (1 0 )4 ,4 3 8 ,9 9 2 (1 4 )4 ,1 1 4,588
$ 1 3 8,59 6
$63 5 ,3 7 0
$15,184
B a la n ce, surplus fo r y e a r __________
— (V . 87, p . 39, 167, 679; V . 88, p . 565, 749; V . 89, p . 105, 226 .)
MOBILE & BIRMINGHAM R R .— ( S e e M a p S o u t h e r n R y .) — M obile to
M arlon J u n ctio n , A la ., w ith b ra n ch e s, 150 m iles. L ea sed to S o u th e rn R y .
fro m M arch 1 1899 for 99 yea rs, th e la tte r a greein g to m eet th e Interest on
b o n d s an d to gu a ra n tee a d iv id e n d o n th e $ 9 0 0,00 0 p re f. s to c k o f 1 % fo r
first y e a r, 2 % fo r se c o n d y e a r . 3 % fo r third y e a r , an d 4 % fo r fo u r th year
a n d th erea fter,
o f the $ 9 0 0 ,0 0 0 c o m m o n s t o c k , $ 8 9 3,40 0 Is ow n ed b y
S ou th ern R y ., an d v o t in g p o w e r o n p re f. Irre v o ca b ly a ssign ed t o Sou th ern
R a ilw a y du rin g lease; V . 6 8 , p . 4 2 9 ,1 1 3 4 ; V . 69, p. 391 ; V . 71, p . 1013.—
(V . 72, p. 137.
MOBILE JACKSON & KANSAS C I T Y — See N ew O rl. M o b . & C h ica g o .
MOBILE & OHIO RR.— ( S e e M a p S o u t h e r n R g . ) — O w ns fro m M o b ile ,
A la ., t o C olu m b u s, K y ., 472 m ., p r o p r ie ta ry lin e, K e n t u c k y A T e n n . R R .
t o E a st C airo, 21 m .; bra n ch es t o C o lu m b u s, M iss., A c ., 34 m .; C olu m bu s,
M iss., to M o n tg o m e r y , A la ., 167 m .; M o b ile & B a y S h o ro B ra n ch , 38 m .;
w ith W a r r io r B ran ch , 9 m .; W a r r io r S o u th . R y . (all s to c k an d b o n d s
o w n e d ), S e a r c y , A la ., to K elie rm a n , 14 m .; B lo c to n B ra n ch , 12 m .: total
ow n e d . 766 m .; S t. L ou is A C airo (le a s e d ), C airo to S t. L ., 152 m . w ith b r .
to M lllsta d t, 7 m .; tra ck a g e , 189 m .; to ta l Ju n e 30 1909, 1,114 m .
O per­
a te d In d ep en d en tly .
^ D I V I D E N D S . — 1898, 1 % ; 1 9 0 3 ,2 % ; J u n e 1904, 2 % ; 1 9 0 5 ,6 % ; 1906,
5 * 4 % ; 1907, 5 % ; 1908, 4 % ; 1909, J u n e , 2 * 4 % .
In 1909 th e S ou th ern R y . had a cq u ire d $ 8 ,1 0 4 ,0 0 0 o f th e $ 9 ,4 7 2 ,0 0 0
general 4s and $ 5 ,6 7 0 ,2 0 0 o f th e $ 6 ,0 7 0 ,6 0 0 s t o c k . Issuing, d o lla r fo r d o lla r,
Its collateral tru st 4 % g o ld b o n d s In e x c h a n g e fo r th e M . & O . general 4s,
secu red b y a p led g e of th e latter and also s to c k tru st ce r tific a te s fo r s to c k ,
d iv id e n d s bein g p a y a b le (A & O) a t 4 % In p e r p e tu ity th e re a fte r.
S T O C K .— S tock a u th o riz e d , $ 1 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 0 ,0 7 0 ,6 0 0 ; p a r,
$10 0. T h e v o t in g p ow er on $ 4 ,9 8 4 ,2 0 0 o f th e s to c k Is exe rcise d b y th e ge n ­
eral m ortg a g e b o n d h o ld e rs b y v ir tu e o f d e p o s it o f o ld d e b e n tu re s o f 1879.
B O N D S .— U n d er th e g e n e r a l m o r t g a g e o f 1888 there ca n b e n o fo re clo su re
till fo u r co u p o n s are In d e fa u lt. M o rtg a g e a b s tr a c t, V . 4 7 , p . 8 3 . V . 60,
p . 967 . I n t. on $ 4 ,0 0 0 ,0 0 0 S t. L o u is & C airo 4s is g u a ra n te e d . T h e 5 %
e q u ip , n otes d a ted O ct. 1 1907 are gu ar, b y A m .C a r & F d y .C o . V . 8 4 , p . 996.
O f th e $ 2 ,5 0 0 ,0 0 0 collateral trust 4s o f 1900, $ 2 ,1 6 7 ,0 0 0 w ere Issuable In
e x c h a n g e fo r th e $ 6 ,5 0 0 ,0 0 0 S t. L o u is & C airo s t o c k . S ee V . 7 0 . p . 5 3 2 . In
1907 $ 6 ,4 9 5 ,0 0 0 s to c k had been e x ch a n g e d .
---------------D a te—
O u ts ta n d in g .
M a tu r e i n In s ta llm e n ts .
R a te.
- $99 8,00 0
5
T o 1919
“ A C F , ’ ’ 1901-06
7 0 .0 0 6
4 t o 5 T o 1909
“ C .” 19 0 4 ...............
3 5 6 ,0 0 0
5
S e p t. '0 9 -M c h . ’ l l , p a r t s-a
" D , ” 190 5............................
..
4 0 3 ,0 0 0
4
Jan T O -Ju ly ’ 15, $ 3 4 ,0 0 0 s-a
’ ’ E .” 190 6............. .
.
5 9 4 ,0 0 0
4*4
M ch 'lO -M c h .’ lO , $ 4 6 ,0 0 0 s-a
. . 1,0 1 5 ,0 0 0
5
190 7, gu aran teed
A p r . ’ 1 0 - O c t .’ 14, p a rt s-a
J o in t e q u ip , n otes, 1 9 0 2 .
!.
6 6 ,5 0 0
4
T o D e c. 15 1912
139 .746
5A 0
B a ld w ln L o c o m . W ork si.
T o 1910




A m ount
O u tsta n d in g

$ 2 3 7,50 0
3 .8 2 8 ,0 0 0
650 ,000
14,9 0 4 ,0 0 0
14,3 7 6 ,0 0 0
9,6 3 6 ,0 0 0
3 7 ,2 5 5 ,0 0 0
520,000
8 06 ,000
1.0 2 5 ,0 0 0
2 ,5 0 0 ,0 0 0
3 ,4 5 9 ,0 0 0
609 ,000
291 .0 0 0
1,128,000
563 ,000
1,551,000
2 ,3 5 5 ,0 0 0

R a te
%

W h en
P a y a b le

OR

D IV ID E N D S

W h ere P a y a b le , a n d b y
W hom

4*4 g A & O M ercantile T ru s t C o
4
M & N
do
do
F & A
5 g
do
do
M & N
6 g
do
do
M & S
5 g
do
do
F
& A
5 g
do
do
M & S
do
do
4 g
J
&
J
5 g
do
do
M & S
do
do
5 g
J
&
.1
do
do
5 g
J
& D
4 g
do
do
F
& A
do
do
4 g
5 g
Q— M
E q u ita b le T r u s t C o , N Y
Q— M
do
do
5 g
Q— M
do
do
5 g
5 g
Q— M
do
do
Q— M
5 g
do
do
M & N K n ic k e r b o c k e r T r C o ,N Y
5 g

3 7 ,2 2 8 ,0 0 0
5 g
6 ,0 7 4 ,0 0 0
5 g
3 0 ,5 3 3 ,0 0 0
4 g
3 0 ,8 4 9 ,0 0 0
4 g
476 ,0 0 0
5
1,1 2 0 ,0 0 0
5
2 ,2 0 7 ,0 0 0
5
2 ,9 2 8 ,0 0 0
5 g
435 ,0 0 0
6
880 ,000
5 g
900 ,000
4
600 ,000
5 g
1.2 0 0 ,0 0 0
4
6,0 7 0 ,6 0 0 See t e x t
6
7 ,0 0 0 ,0 0 0
1 ,000,000
6 g
9,4 7 2 ,0 0 0
4 g
4 ,0 0 0 ,0 0 0
5 g

A
A
J
M

& O
& O
A
J
& N
Q uar.
Q— M
Q— M
Q— M
A & O
A A O
J
& J
J
A
J
J
A
J
J
A D
J
A D
Q — Jan
M A S
F
A A

M ercantile T ru st C o , N Y
do
do
do
do
do
do
do
do
T o w n s e n d . W h e lcn A C o
do
do
M erc T r C o , N Y A P h lla
M ercantile T ru s t C o , N Y
N ew Y o r k and St L o u is
J P M o rg A C o N Y ; A L on
J P M organ A C o, N Y
do
do
M obile
F a rm ers’ L A T r C o . N Y
do
do
G allatin N a t B a n k . N Y
do
do

B on d s— P r in c i­
p a l, W h en D u eS to ck s— L a st
D iv id e n d

O ct 1 1938
J u ly 1 1938
A u g 1 1920
N o v 1 1920
Jan 1 1917
A u g 1 1920
M ch 1 1945
J u ly 1 1926
M ch 1 1926
Jan 1 1933
Ju n e 1 1948
F e b 1 1919
S e p t 1910-1912
T o M ch 1 1912
T o Jun e 1913
T o D e c 1914
T o D e c 1916
N o v 191 0-1 917
A p r 1 1931
A p r 1 1931
J u ly 1 1929
M ay 1 1933
T o D ec 1912
T o Jun e 1913
T o Ju n e 1917
T o Ju n e 1917
A p r 1 1916
O ct 1 1923
J u ly 1 1909 2 %
J u ly 1 1945
J u ly 1 1945
June24 1909 2*4
D eo 1 1927
J u ly 1 1927
S ep t 1 1938
F e b 1 1947

E A R N I N G S .— 2 m o s .,1 1 9 0 9 ................. G ross, $ 1 ,6 0 5 ,4 2 2 ; n e t , $494,883
J u ly 1 t o A u g . 31.
J 190 8_________ G ross, 1 ,4 7 0 ,4 9 8 ; n e t, 4 42 ,637
R E P O R T .— R e p o r t f o r 1908-09 In “ C h ro n icle ” on or a b o u t O ct. 30.
Y e a r s e n d i n g J u n e 30—
1908-09.
1907-08.
I n c J .o r D e c .
T o ta l o p e r a tin g r e v e n u e . . ............. ..........$9,7 2 7 ,7 2 7
$ 9 ,663,791
+ $ 6 3 ,9 3 6
N et o v e r t a x e s ...........................................
2,8 6 5 ,9 7 6
2 ,5 4 1 ,3 2 2
+ 3 2 4 ,6 5 4
N e t Inclu din g o th e r In c o m e ............ ......... 3 ,0 6 8 ,5 8 4
2 ,7 1 5 ,7 7 2
+ 3 5 2 ,8 1 2
I n te r e s t, re n ta ls, & c ........ .......................... 2 ,6 3 1 ,1 4 6
2 ,2 4 9 ,8 5 2
+ 3 8 1 ,2 9 4
D iv id e n d s p a id ______________
(5 )3 0 1 ,0 3 0
(4 )2 8 0 ,8 2 4
+ 6 0 ,2 0 6
A d d itio n s a n d b e tte r m e n ts _____________
19,446
150 ,696
— 131,250
B a la n ce , su rp lu s.......................................
$11 6,96 2
$74 ,4 0 0
— $42 ,562
— (V . 85, p . 1083, 133 6; V . 86, p . 603 , 1590; V. 8 7 , p . 1163.)
M O H A W K & M A L O N E R R .— ( S e e M a p s n e w Y o r k C e n t r a l . ) — O w ns fro m
H e rk im e r, N . Y . , to M alone, w ith b ra n ch e s , 182 m iles In all.
H I S T O R Y , L E A S E , A c .— N ew Y o r k C entral ow ns th e $ 5 ,0 0 0 ,0 0 0 s t o c k ,
on w h ich d iv id e n d s o f 4 % y e a rly a rc p a id .
In 1902 a new lease In per­
p e tu ity w as m a d e a n d $ 1 0 ,0 0 0 ,0 0 0 3 *4% con sols a u th o riz e d , o f w h ich $ 2 ,­
500 ,0 0 0 reserved to re tire a t m a tu r ity th o first m tg e . b o n d s and $ 3 ,6 0 0 ,0 0 0
fo r Im p ro v e m e n ts a n d en la rge m e n ts.— (V . 74. p . 630 , 830 , 937.)
“ M O N O N .” — S ee C H I C A G O I N D I A N A P O L I S A L O U I S V I L L E R Y .
M O N O N G A H E L A R R . — B ro w n s v ille . P a ., t o R e d s to n e J e t ., 37 m ile s,
co n n e c tin g w ith the P itts b u r g h A L a k e E rie an d P itts b u rg h V irg in ia &
C h arleston (P e n n . s v s t. l in e s ) , w h ich g u a ra n te e th e b o n d s (see ta b le a b o v e ) ,
prln . a n d Int. b y e n d o r s e m e n t. S to c k , $ 1 ,4 2 8 ,0 0 0 ; p a r, $100.
P en n. R R .
and P ittsbu rgh A L a k e Erie each ow n $ 7 1 4,00 0 s to c k .
T h e P en n . R R . on
Jan . 1 1909 o w n e d $68 6,00 0 o f th e b o n d s
Y e a r e n d in g Jun e 30 1909,
gross, $93 0,90 6; n e t, Incl. o th er Incom e. $53 1 ,9 9 1 ; ch arges, $ 4 1 2 ,6 3 4 .
M O N T A N A W Y O M IN G & S O U T H E R N R R .— O w ns fro m B r ld g e r , M o n t ., :
a t a c o n n e c tio n w ith tho N o rth e rn P a cific to B e lfry a n d w e ste r ly to Bear
C reek, a b o u t 33 m iles, se rv in g a c o a l d is tric t.
E x te n s io n p i'o p o s cd s o u t h ­
e r ly d o w n C lark’s F o rk V a lley t o B o x C a n y o n an d w e ste rly to C o o k e C it y , •
w h ere c o p p e r , silve r, le a d , A c ., m in es are lo c a te d . S to c k o u ts ta n d in g ,
$ 1 ,0 0 0 ,0 0 0 .
O f th e first g o ld 5s, $90 0,00 0 h a v e b e e n Issued o n th e p re se n t
r o a d , 33 m ile s , a n d a d d itio n a l b o n d s are issu able at $25 ,000 p er m ile,
In clu d in g e q u ip m e n t, p r o v id e d earnings are 1 *4 tim es th e Interest charges
o n b o n d s, In clu din g th o se to b e Issued o n p r o p o s e d e x te n s io n .
If road Is
a c q u ir e d o r le a se d b y a n o th e r r o a d , th e la tte r m ust gu a ra n te e the b o n d s ,
p rin cip a l an d in te re st. S in k in g fu n d b e g in n in g 1912 w ill retire a large
p a rt o f th e Issue. V . 89, p . 47 0 . F o r y e a r e n d in g Ju n e 30 1909, gross,
$13 8,00 0; n e t, $ 80 ,000 ; in te re st o n $90 0,00 0 b o n d s , $ 45 ,000 ; b a la n ce,
su rplu s, $ 3 5 ,0 0 0 . P r e s ., F ran k S . G a n n o n .— (V . 89, p. 470 .)
A lO N TG O AIER Y & E R IE R Y .— ( S e e M a p E r i e R R . ) — O w ns M o n tg o m e r y
to G osh en , N . Y ., 10 m iles.
L eased in 1872 to E ric R R . at $ 1 6 ,0 0 0 per a n .
S t o c k .$15 0 ,0 0 0 . D lv s . (4 * 4 % per an .) p aid M ay 10 and N o v . 10. S in k ,
fu n d , $6,500 per a n . T h e re are $ 4 0 ,5 0 0 2d M. 5s d u o O c t . 1 1927.
M O R E L IA & T A C A A IB A R O .— See p a g o 171.
A tO R G A N ’ S L O U IS IA N A & T E X A S R R . & STEAAISH IP C O .— ( S e e M a p
o f S o u t h e r n P a c i f i c . ) — R O A D .— O w ns A lgiers to C h e n e y v ille , 205 m iles;
bran ch es. 122 m .: tra ck a g e to A le xa n d ria , 24 m .; to ta l railroad lines, 351 m .;
steam sh ip lines an d ferries, 106 m .
E x te n sio n s to B a to n R o u g o , L a ., & c .,
64 m .. w ere under co n stru ctio n In 1908.
O R G A N I Z A T I O N .— T h e S o . P a c. C o. ow n s all o f th e $ 1 5 ,0 0 0 ,0 0 0 s t o c k ,
b u t road o p e r. In d e p e n d e n tly .
D lv ., 6 % , p a id In 1905-06;In 1906 -0 7 , 1 0 % ;
In 1907-08. 2 5 % .
E A R N I N G S .— 12 m o s ., 1 190 8-0 9____ G ross, $ 4 ,5 3 5 ,8 4 5 ; n e t, $ 1 ,4 0 8 ,6 7 0
J u ly 1 to Ju n e 3 0 .
) l 9 0 7 - 0 8 ____ G ross, 4 ,8 1 5 ,4 1 9 ; n e t, 1 ,141,376
In y e a r en d in g Ju n e 30 1908, gro ss, $ 5 ,0 0 0 ,0 1 4 ; n e t. In clu din g o th e r In­
c o m e , $ 1 ,1 7 7 ,5 3 3 ; surplus o v e r c h a rg e s, $ 6 8 3 ,2 6 7 .— (V . 76, p . 543.)
A lO R R IS & E S S E X R R .— ( S e e M a o o f D e l a w a r e L a c k a i v a n n a & W e s t e r n . )
— O w ns fro m H o b o k e n , N . J ., to P h tlllp sb u rg, N . J ., 85 m iles; b r a n c h ,
D cn v llle , N . J ., v ia M orris A E ssex T u n n e l, to H o b o k e n , N . J ., 34 m iles;
leases 38 m iles; to ta l o p e r a te d , 157 m iles.
L E A S E D In p e r p e tu ity t o D elaw aro L a ck a w a n n a A W e s te rn , w h ic h
assum es all liabilities and guaran tees 7 % p er an n u m on sto ck : 1 % e x t r a Is
p a y a b le In th e e v e n t o f 3 0 % o f gross earn in gs b e in g s u fficie n t to p a y all
fixed charges a n d 1 0 % o n o u ts ta n d in g s to c k .
B O N D S .— l s t r e f .3 * 4 s ,s e e V . 7 0 .p . 4 8 0 ,4 7 7 ; V . 7 1 ,p. 1 1 6 7 ;V . 7 4 ,p.1 3 0 8
E A R N I N G S .— I m p o r ta n t t o D . L . A W . w ith term in al fa cilitie s on N . Y .
H a rb o r, b u t th e earnings sh o w a d e ficit a fte r p a y m e n t o f ren tal (In clu d in g
$ 1 ,0 5 0 ,0 0 0 d iv id e n d s ), v iz .: In 1908, $ 78 9,56 4; In 1907, $76 1 ,6 3 4 : In 1906.
$888,526; In 1905, $58 5,39 4: In 1904, $ 6 7 3 ,1 7 2 .— (V . 74. p .1 3 0 8 ; V .8 2 ,p .8 0 5 )
M O R R IS T O W N & E R IE R R .— O w ns M o rristo w n , N . J ., t o W h lp p a n y
4 m . ; b r . , 9*4 m . S t o c k . $ 4 0 0 , 00 0 ; p a r , $100. Y e a r 1906 g ro ss, $ 6 2 ,5 5 0
n e t, $ 2 4 ,1 6 8 . P r e s ., R . W .M c E w a n , 1 1 B r o a d w a y ,N . Y . — ( V . 7 7 , p . 5 1 1 .)
M O U N T C A R B O N & P O R T C A R B O N R R .— O w ns M t. C a rb on t o P o r t
C a rb o n , P a ., 2 .5 0 m .; 2d tr a c k , 2.45 in .; to ta l tr a c k , 15.49 m iles.
L ea sed
M ch. 5 1860 fo r 50 years to P h lla . & R e a d . R R . a n d lease assu m ed In 1906 b y
P h lla. A R e a d . R a i l w a y .
T h e s to ck h o ld e rs v o t e d Ju n e 30 1909 to m a k e
a new lease to th e P h lla . & R e a d in g f o r 99 years fro m M arch 5 1910 a t
5 % o n th e s t o c k . V . 8 9 , p . 42.
R e n ta l, $36 ,250 y e a r ly .— ( V . 8 9 , p . 4 2 .
A1U SKEGO N G R A N D R A P I D S & I N D I A N A R R .— See p a ge 1 7 1 .
M U T U A L T E R M I N A L C O . O F B U F F A L O .— O w n s 5.22 acre s o f lan d
w ith 1,486 fe e t o f fro n ta g e o n th e c it y ship c a n a l, w h a rv e s , fre ig h t h ouse
a n d a steel a n d b r ick grain e le v a to r , c a p a c it y 3 ,0 0 0 ,0 0 0 bu sh els; also all th o
s to c k a n d b o n d s o f the M utual T ra n sit C o ., o w n in g 12 steam ers on tho G reat
L a k e s a n d th e Isla n d R R . S t o c k , $ 6 0 ,0 0 0 , all o w n e d b y th o N . Y . C e n t.
A H . R . R R . , D e l. L a c k . & W e s t ., L e h ig h V a lle y a n d E rie , w h ich e a c h ,
u n d e r ag re e m e n t o f Ja n . 2 1905 as a m e n d e d , g u a r a n te e ) t o p a y o n e -fo u rth
th e Interest a n d sin k in g fu n d ch a rg e s o n tlio b o n d s (th e la tte r $2 0 0 ,0 0 0
y e a r ly ).
O f the b o n d s ($ 5 ,0 0 0 ,0 0 0 to ta l a u t h .) , $ 7 7 7,00 0 are reserved fo r
fu tu re p u rp o se s, $ 8 0 4,00 0 h a v in g In S o p t . 1909 be e n re tired b y sin k in g
fu n d . V . 89, p . 779 .
C alendar y e a r 1908, gross, $ 1 ,2 0 6 ,4 5 2 ; n et Incom e (Incl. $1,772 “ o t h e r ” ) ;
$26 9,02 7; Interest, $14 2 ,4 7 5 ; b a l., su r ., $12 6 ,5 5 2 .
P r e s ., Charles M . H c a ld ;
S e c. an d T r e a s ., L . D . S m ith , 143 L ib e r ty S t ., N . Y . — (V . 89, p . 7 7 9 .)

a

MAP OP THE

NASHVILLE, CHATTANOOGA
Iex i W t o n

o

.

St .

loijis

__

R a il w a y

O ct ., 1909.]

RAILWAY STOCKS AND BONDS

AND CONNECTIONS.




___m

I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
M ile s
of
Road

F o r exp la n a tion o f colum n headings, & c ., see notes
on first page o f tables
M o b ile & O hio— (C oncluded) —
C ollateral tru st g old ($ 2 ,5 0 0 ,0 0 0 ) call at p a r . . ( i . c *
S t L ou is & C airo first m o rtg a g e g o ld Interest g u a r .c
M obile & B Sh 1st M $20 0,00 0 assum ed g o l d - .F . c *
First M c o ll n otes (V 86 p 603) g r e d p a r _______ G .x c*
M oh & Alai— 1st M $ 15 ,000 p m g gu p & I (end) . K c ’
C on solid a ted m ortg a g e $ 1 0 ,0 0 0 ,0 0 0 g o l d ___ G .c * & r
M on on g a h ela R R — F irst M $ 1 ,5 0 0 ,0 0 0 Joint gu a ra n ty
M on on g a h ela R iv e r R R — B o n d s — S ee B & O R R
A lontana W y o m in g & Sou— 1 st M g red 1 1 0 t e x t - . c *
A lo n tg o m e r y & Erie R y — -1 st M (o ld 7s e x te n d e d ln’ 86 )
Alorelia & T a ca m b a r o — First M g o ld (see t e x t ) . U sm .c*
A lo r g a n 's La & T e x a s — F irst M (N O to M org C ) .F .c *
F irst m ortg a g e A le x a n d r ia E x te n sio n g o l d ............... F
G eneral m o r tg a g e ________________ ______________ _____ F
M orris & E s s e x — S to c k 7 % g u a ra n te e d D L & W ------F irst m ortg a g e g u a ra n te e d u n d e r le a s e -----------------Ba
Cons M (fo r $25 ,0 0 0 ,0 0 0 ) g u a r I) L & W — U s .c * & r
F irst ref M g old $ 3 5 , 000,000 gu a r p& I(end) - F .c* & r

161
38
182
___
37
33
___
55

102

157
204
___
119
119
119

2
M orris & E ssex E x te n sio n s to c k gu a ra n te e d 4 % ___
M o r ris to w n & E rie— F irst M $ 3 0 0,00 0 g s f red at par
M t C a rb on & F ort C R R — S to c k (ren tal guar) t e x t . . .
38
A lu n isin g— First m ortg a g e g o l d -------------------------------------37
M u sk eg on G rand R a o id s & In d ian a— F irst M g o ld .C e
M utual T erm in a l— 1 st M g o ld s f red 1 0 2 J ^ _ .G .c*
N arra gan sett Fier R R — First m o rtg a ge $10 0,00 0
..
8.5
N ashua & L o w e ll— S to c k 9 % rental 92 years B & M ._
15
N ash ville C h a tta n o o g a & St L o u is— S t o c k -----------------F irst m ortg a g e (fo r $ 6 ,8 0 0 ,0 0 0 )-------------------------c*& r
340
F irst M o n F a y e tte and M cM brs ($ 6,000 p m ) .c * A r
125
First m ortg a g e o n L e b a n o n B r a n ch ........................... c*
29
First m ortg a ge on Jasper B r a n c h ___ _________ C e.c*
43
46
F irst m ortg a g e o n C en trevllle B ran ch g o ld - C c .c * & r
20
1 st M T r a c y C y Br d u e $20 ,000 y ly : rem 1 9 1 7 .c * A r
803
Cons m tge ($2 0 .0 0 0 ,0 0 0 ) $20 ,000 p m g o l d ___U s.c*
119
N a sh ville & D eca tu r— S to c k g u ar 7> S % b y L & N —
N ash ville Florence & S h e ffie ld — See L ou isville & N ash vllle
—
N a sh ville T erm in a l— F irst m tge g o ld Int rent red 1 0 5 .

D ate
of
Bonds

S iz e, or
Par
V a lu e

1900
1886
1899
1908
1892
1902
1902

1,000
1,000
1,000 A c
1,0 0 0

1909
1866
1903
1878
1880
1893

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

1864
1875
1900
Var
1903

$ 1,000
500 &c
500 & c

200,000

600 ,000
2 ,5 0 0 ,0 0 0
3 ,9 0 0 .0 0 0
1,3 7 2 ,0 0 0
900,000
130,000

1 , 200,000

50
250 A c

100
1,000

22 1,0 0 0

1,000
1,000

1873
1877
1877
1883
1883
1887
1888

1,000
1,000
1,000
1,000
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,0 0 0

25

250,000
282 ,350
160,000
750 ,000
3 ,4 1 9 ,0 0 0
70,000
800,000
1 0 ,000,000
6 ,3 0 0 ,0 0 0
750,000
300 ,0 0 0
371 ,000
376,000
239 ,000
7 ,6 0 8 ,0 0 0
3 ,5 7 3 ,7 5 0

1902

1,0 0 0

1 . 000,000

50

1900
1886
1904
1896

N A S H V I L L E C H A T T A N O O G A & S T L O U I S R Y . — (See M a p .) — O w ns
fro m C h a tta n o o g a , T e n n ., t o H ic k m a n , K y ., 320 m .; bran ch es to L e b a n o n ,
& o., 519 m .; leases W estern & A tla n tic , C h a tta n o o g a . T e n n ., to A tla n ta ,
G a ., 137 m ., a n d M em phis & P a du cah D iv isio n o f the L . & N ., 254 m iles.
See V . 7 1 , p . 544, 664, 864 . T o ta l ODeratcd J u ly 1 1909, 1,230 m iles.
O R G A N I Z A T I O N .— A m a jo r ity o f the s t o c k ($ 7 ,1 7 7 ,6 0 0 ) Is o w n e d b y
th e L o u . < : N a sh ., o f w h ich $ 5 ,5 0 1 ,5 0 0 Is p led ged u n d e r Its m tges. W e s t.
5
& A t l. Is leased fro m S tate o f G eorgia till D e c . 27 1919 a t $42 0,01 2.
D I V S . 1 ’9 3 . ’ 9 4 . ’ 95 to ’9 8 . ’99 t o ’03. ’ 04. '0 5 . ’ 0 6 . ’ 07. 1908.
1909.
Since 1 8 9 3 f 3 M 3 'A 4 y e a r ly .
N one.
4
5
5
6
5H
5
B O N D S .— C on sol, m tg e . o f 1888 p r o v id e d th a t all p rio r b o n d s should be
p a id o il a t m a tu r ity ; su ffic ie n t o f the $ 20,000 p . m . are reserved fo r th e m .
J o in tly w ith L o u . & N a sh , gu aran tees $ 2 ,5 0 0 ,0 0 0 L . & N . T erm inal C o.
b o n d s . See L o u . & N ash . V . 7 5 , p . 1354. $11 ,000 A e tn a I r o n , M fg ., M . &
O il 6s . V . 7 7 . p . 2390.
E A R N I N G S .— 2 m o s ., 1 1 9 0 9 ................. G ross, $ 1 ,8 4 7 ,0 0 3 ; n e t, $46 7,25 0
J 19 0 8 _________ G ross,
1,75 8 ,9 0 9 ; n e t,
435 ,458
J u ly 1 to A u g . 3 1 .
A N N U A L R E P O R T .— R e p o rt fo r 1908-09 w as In V . 8 9 . p . 718.
Y ears enil. J u n e 30—
1909.
1908.
1907.
1906.
M ileage en d o f y e a r _____
1,230
1,230
1,230
1,226
G ross e a rn in g s ___________ $11 ,1 1 2 ,1 1 4 $ 10 ,738 ,25 2 $ 12 ,238 ,17 2 $11 ,120 ,98 2
N et e a r n in g s ........... .........
2 ,7 7 1 ,4 1 3
2 ,5 5 6 ,1 5 3
2 ,5 0 8 ,3 1 0
2 ,766,069
16,458
18,658
18,400
18,455
In v e s tm e n ts , & c _______
H ire o f e q u ip ..r e n t a ls ,& c .
261 ,7 9 0
291,983
$ 2 ,5 2 6 ,7 1 0
$ 1 ,167,871
626 ,460
2 6 ,000
(6 )6 0 0 ,0 0 0
_______

$2,7 8 1 ,5 2 4
$ 1,169,670
624,862
36,000
(5 )5 0 0 ,0 0 0
_______

B a la n ce, s u rp lu s ..........
$65 3,79 5
$289,790
$106,379
$453,992
P r e s ., J oh n W . T h o m a s J r .; V . - P . , II. F . S m ith ; C h airm an o f B o a rd ,
E . C. L ew is.— (V . 87, p . 403. 678. 808; V . 8 8 . p . 52; V . 89, p . 408. 718.)
N A S H V I L L E & D E C A T U R R R . — (See M a p L ou isville & N ashville.) —
O w n s from N ash ville, T e n n ., to D eca tu r, A la ., 119 m iles. R e-leased to
L o u . & N ash . In 1900 fo r 999 y e a rs, the rental be in g 7 ^ % o n s to c k . T h e
L o u . & N ash . J u ly 1 1909 o w n e d $ 1 ,9 7 9 ,6 0 0 o f the s t o c k .— ( V . 70, p . 1195.)
N A S H V I L L E T E R M I N A L R R . — O w ns brid g e a cross the C u m b erla n d
R iv e r an d 18 m . o f tra ck .
Leased fo r 99 years from M ay 1 1902 to T e n n .
C e n t. R R ., w h ich ow n s en tire $ 1 ,0 0 0 ,0 0 0 s t o c k .— ( V . 74, p . 577, 830.)
N A T C H E Z & E A S T E R N R Y . — S ee M ississippi C en tral.
N A T I O N A L R A I L W A Y S O F A 1 E X I C O . — (See M a p )— C om prises:
Standard G auge— Owned.
M ile s .
Controlled— S ecurities Owned. M ile s .
L a re d o to C ity o f M e x ic o _______ 802 T e x a s M exica n R y .. Corpus
M e x ico C ity to Ju a rez C it y ____ 1,224
Chrlstl to L a re d o , T e x ., & c . . 162
M e x ico to R io B a lsas___________ 181
Leased—
11
C ln tu ra, & c., lines (3-rall track)
9 M exica n U nion R y _____________
C h ica lote to T a m p ic o ___________ 407 Bar e x te n sio n (T a m p ic o to La
T a m p ic o to P a re d o n ____________ 370
B a rr a )_________________________
6
B ra n ch — Ira p u a to to A m e c a ___ 217
“
G u adalajarl to T u x p a n . . 120
T o ta l stan dard g a u g e ________ 4 ,9 0 5
N arrow G auge— Owned.
San P ed ro to P a ra d o n _________
138
San Ju a n J e t. t o J a ra l--------------50 C ity o f M e xico to U ru a p a n ____ 317
V a n egas to M a tch u a la --------------40 M e xico to B erlstaln & bran ch es 152
Leased—
R in c o n to P o z o s ________________
37
M on terey to M a ta m oros------------- 205 M lch o a ca n & P a cific R y ., Mar a v a tlo t o Z lt a c u a r o _________
57
G on zales to A c a m b a ro __________
53
J im en ez to R o s a r io _____________
06
T o ta l ln cl. In e a rn in g s _______5,431
O th er bra n ch es, & c____________
675
Controlled— E a rn ings separate
Controlled— Securities Owned.
(see separate statem ’t fo r each)
M ex ica n P a clllc R y ., T u x p a n
to M an zan illo_________________
102 M cx . I n t. (ln cl. 24 m . le a s e d ) .. 918
In tc ro c e a n lc R y . o f M e x ic o ____ 736
G rand tota l (o f w h ich 1,205 narrow g a u g e ) ........ ................ .................... 7,085
In A u g . 1909 a c o n tr a c t w as r e p o rte d as m a d e w ith the G o v e rn m e n t o f
D u ra n g o, M c x ., to bu ild a 6 2 1-m lle bra n ch w estw a rd a t a c o s t o f $4 ,0 0 0 ,0 0 0 ,
t o be the first link o f a system fro m D u ran go to the P a clllc , the G ov e rn m e n t
gu a ra n teein g 6 % Interest o n the In vestm en t.
O R G A N I Z A T I O N .— O rga n ized M arc i 28 1908 u n d er sp ecial A c t o f C on ­
gress o f M exico, per plan In V . 8 6 , p . 918 , 982.
T h e properties o f the N ation a l R R . o f M e x ico and M exican Central h ave
been a cq u ired b y d eed s, o p e ra tio n o f the sam e b e in g taken o v e r J a n . 1 and
F e b . 1 1909 r e s p e c tiv e ly .
V . 8 8 , p. 45 2 . A p p lic a tio n to list, de scrib in g
p ro p e r tie s , new secu rities, & c ., V . 88 , p . 1318.
T h e M exican G overn m e n t ow ns $ 1 1 5 ,0 2 3 ,5 9 0 o f the $ 2 3 0 ,0 0 0 ,0 0 0
a u th o r iz e d s to c k , v iz .: $ 10 ,000 ,00 0 first p referred , $ 3 0 ,2 7 8 ,2 9 0 s e c o n d
preferred a n d $74,74 5,300 c o m m o n s t o c k , anil gu aran tees the p rin cip a l
a n d Interest o f the new general m tge. b o n d s .— V. 8 7 , p. 1533.
D I V I D E N D .— O n 1st p r e f., 1% A u g . '0 8; 1909, M ch . 1 ,1 % ; A u g .10, 1 % .
S ec ur iti es I m m e d i a t e l y I s s u a b l e .
’ T h e a m o u n ts o f new b o n d s an d p re f shares w h ich the N ew Y o r k S to ck
E x ch a n g e has a greed to list as so o n as Issued (V . 8 8 , p. 1318) are as fo llo w s :
(T h e a m o u n ts a ctu a lly listed are sh ow n In table a t to p o f n ext page.)




$ 2 ,4 9 8 ,0 0 0
4 ,0 0 0 ,0 0 0

5 ,0 0 0 ,0 0 0
1,4 9 4 ,0 0 0
1 , 000,000
15,000,000
5,0 0 0 ,0 0 0
1 1 .677,000
1 3 ,600,000
1 ,800,000

N A S H U A & L O W E L L R R . — O w ns d o u b le -tra ck road fro m L ow ell, M ass.,
to N ashua, N . H ., 15 m iles. On O ct. I 1880 leased fo r 99 years to B o sto n
& L o w e ll.
In 1887 lease w as transferred to B oston & M aine, w h ich p ays
■ rental o f $73 ,000 (9 % o n s t o c k ); In N o v . 1906 to 1909 in c l.,
a
ex tra
w as p a id fro m a cc u m u la te d cash s u rp lu s.— (V . 83, p . 970; V . 85, p . 1005.)

N et I n c o m e ____________ $ 3,049,662
$ 2 ,866,794
I n t . on d e b t an d t a x e s . . $1,1 9 1 ,0 0 2
$ 1 ,1 8 9 ,3 6 0
R e n t a l s _________________
626,518
626 ,607
M is c e lla n e o u s ___________
4 6 ,000
56,000
D lv . on s t o c k ____ ______ ( 5 )4 9 9 ,2 3 2 (5 ^ )5 5 0 ,0 0 0
A d d itio n s to p r o p e r t y ..
3 3 ,115
155,036

A m ou n t
O utstanding

R ate
%

W hen
P a yable

4 g
Q— F
A
4 g
J
J
M A N
5 g
F & A 15
5 g
M A
S
4 g
3 3* g M A
S
& O
33* g A

W here P a y a b le, and by
W hom
G u aran tee T ru st C o , N Y
F a rm e rs’ L & T r C o, N Y
First N at B k , M o b ile , A la
G uar T ru st C o. N ew Y o rk
K n ic k e r b o c k e r T r C o ,N Y
G ra n d C ent S ta tio n . N Y
T r e a s . o f f ., P i t t s b ., P a .

M A
S E m p ire T r C o, N Y
5 g
M A N G osh en , N Y
5
A
J U S M tge & T r C o , N Y
J
5 g
7
A O S P C o , 120 B ’ w a y , N Y
A
J A J
do
do
6 g
5
A
do
do
J
J
7
A
J D el L a ck & W e ste rn , N Y
J
7
M A N
do
do
do
do
7
A 1)
J
A 1)
do
do
3 3* g J
J A J
4 Yi
4
M A N
do
do
M A
S B r o o k ly n T ru st C o , N Y
5 g
12
J A J 15 R e a d in g T e rm in a l, P h lla
4 g
A & () A m e rica n T ru st C o , Cleve
&
5 g
J
j Jan 1909 p aid O ct 1909
J
A
j
Ag
4
F & A It I H o sp ita l T r C o, P r o v
See te x t M & N Indian H d B a nk, N ashua
5 in 1909 F & A N ew Y o r k and N ashville
7
A
J H a n o v e r N at B a n k , N Y
J
6
A
J H anover N at B ank, N Y
.1
6
A
J
do
do
J
A
J
J
do
do
6 g
A
J
J
do
do
6 g
6
& J
do
do
J
do
do
A A O
5 g
A
J
734
J N ashville

______________

5 g

J

A

B on d s— P r in c i­
pa l, W hen D u e
Stocks— Last
D ividend
M ay
Jan
M ay
F eb
Sept
M ch
O ct

1 1930
1 1931
1 1949
15 1911
1 1991
12002
1 1942

S ep t 1 1939
M a y 1 1926
Jan 1 1943
A p r 1 1918
J u ly 1 1920
J u ly 1 1913
J u ly 1 1909 33*
M ay 1 1914
June 1 1915
D ec 1 2000
1912
N o v 1909 2 %
S ep t 1 1923
J u ly 15 ’ 09 6 %
O ct 1 1925
J u ly 1 1926
J u ly 1 1924
A u g 1 1916
N o v 1 1909 5
A u g 2 1909 2 M
J u ly 1 1913
Jan 1 1917
Jan 1 1917
Jan 1 1923
Jan 1 1923
Jan 1910 to ’ 17
A p r 1 1928
J u ly 1909 3 3*%

J M erca n tile T r C o .S tL o u ls Jan

1 1932

Prior Lien 4 1 4 % Bonds ($ 2 2 5 ,0 0 0 ,0 0 0 a u th o riz e d ) —
Issuable In p a rt e x c h . fo r M e x .C e n t .b o n d s .a b t . $70 ,294 ,96 2
S old fo r c a s h ....................................................................... 10,000,000
T o M exica n G o v ’ t o n a c c 't o f g u a r a n ty , & c ____
6 ,0 0 0 ,0 0 0
A c c t . $ 1 0 ,0 0 0 ,0 0 0 N a t. R R . g o ld n o te s d u e
A p ril 190 9.......................................................................
7 ,2 0 0 ,0 0 0
B ette rm e n ts, e q u ip ., retirin g e q u ip , o b l lg ., & c . 1 3 ,0 0 5 ,0 0 0 -$ 1 0 6 ,4 9 9 ,9 6 2
T h e rem ain d er o f the a u th . Issue o f $22 5 ,0 0 0 ,0 0 0 Is re se rv e d as f o l­
lo w s : (1) $2 3 ,0 0 0 ,0 0 0 to retire $ 2 3 ,0 0 0 ,0 0 0 N a tio n a l R R . o f M e x ico p rior
lien 4 54% b o n d s d u e O ct. 1 1926; (2) $ 9 5 ,5 0 0 ,0 0 0 fo r e x te n s io n s , a d d itio n s
an d Im p ro v e m e n ts as sh o w n In V . 86 , p . 1319, 919.
T h e rig h t Is reserved to Issue $ 6 ,0 0 0 ,0 0 0 a d d itio n a l b o n d s ran k in g p a r i
passu w ith the o th e r b o n d s o f this series, to take up a t o r b efore m a tu rity
£1,2 0 0 ,0 0 0 p rio r Hen b o n d s o f the M ex. I n t e m a t . R R . C o ., w h ich see.
T h e p rio r Hen bon d s will be s u b je c t to call a fte r Jan . 1 1917 a t 105 In
a m o u n ts n o t less than $ 1 0 , 000 , 000 , o r fo r a c u m u la tiv e sin k , fu n d su fficien t
to retire the en tire Issue b y m a tu r ity .
Guaranteed General Alortgage 4 % Bonds ($ 1 6 0 ,0 0 0 ,0 0 0 a u th .) —
Issuable In p art e x c h . fo r M e x .C c n t.b o n d s . & c . $ 38 ,565 ,07 5
S old fo r c a s h .......................................................................
6 ,7 5 0 ,0 0 0
T o M ex. G o v ’ t o n a c c o u n t o f g u a ra n ty , & o____
2,4 5 0 .0 0 0
A c c t . $ 1 0 ,0 0 0 ,0 0 0 N a t. R R . g . n otes d u e A p r .’ 09 4 ,8 0 0 ,0 0 0
B e tte rm e n ts, e q u ip ., re tirin g e q u ip , o b llg ., A c .
8 ,1 8 5 ,9 2 5 — $ 6 0 ,7 5 1 ,0 0 0
T h e rem ain der o f the au th o riz e d Issue o f $ 16 0,00 0,0 00 Is reserved as f o l ­
low s:
(1) $2 4 ,7 4 9 ,0 0 0 to retire o u ts ta n d in g N a tio n a l R R . o f M e x ico llrst
c o n s o l. 4s: (2) $ 7 4 ,5 0 0 ,0 0 0 fo r e x te n s io n s , a d d itio n s a n d Im p ro v e m en ts as
sta te d In V . 86 , p. 1320, 019.
T h e rig h t Is reserved to Issue a d d itio n a l b o n d s , ran k in g p a ri passu w ith
the o th e r b o n d s o f this series, to take up o r retire a t o r b efore m a tu rity an
equa l a m o u n t o f the co n s o l, m tg e . b o n d s o f the M exica n In tern ation al R R .
T h e general m tge. b o n d s will be s u b je c t to call a t p a r In a m o u n ts n o t less
than $ 10 ,000 ,00 0 a fte r A prtl 1 1927; also o n an d a fte r O ct. 1 1937 fo r a c u m ­
u la tiv e sin k in g fu n d , w h ich Is to retire e n tire Issue n o t later than 1977.
First Preferred Shares ($ 3 0 ,0 0 0 ,0 0 0 a u th o rize d ) —
T o be e x c h . fo r $ 2 3 ,8 3 3 ,0 0 0 N at. R R . o f M ex. p f .s t k . , 1 0 0 % .$ 2 8 ,8 3 3 ,0 0 0
T o assure to the 1st p re f. shares sem i-an n u al d iv s. o f 1 % fo r 3 years from
Jan . 1 1908, to the e x t e n t to w h ich the n e t p ro fits shall n o t be su fficien t
to m ake such p a y m e n t, p ro v is io n Is to be m ade fo r the s e ttin g aside b y the
c o m p a n y , as a separate fu n d , o f $ t . 8 00 ,000 p rio r lien b o n d s and $ 1 , 200,000
gu aran teed gen . m tg e . b o n d s , o r s u fficie n t p ro ce e d s th e re o f.
Second Preferred Shares ($ 1 2 5 ,0 0 0 ,0 0 0 a u th .) —
Issuable In p a rt e x ch a n g e fo r M ex. C en t. R y . 4 %
b o n d s an d In com e b o n d s ____________________ $ 4 t,4 1 0 ,2 3 4
F o r M ex. C e n t.R y . s to c k ($ 5 9 ,1 2 7 ,1 0 0 ), 1 00 % 5 9 ,1 2 7 ,1 0 0
A c c o u n t o f N at. R R . o f M exico s t o c k _________ 2 4 .4 5 6 .6 6 6 — $12 5 ,0 0 0 ,0 0 0
O f the $ 15 ,740 ,00 0 M exica n Cen tral R y . 4-y e a r 5 % g o ld n o te s d u e J u ly
1910, $ 7 ,3 6 0 ,0 0 0 w ere ca lled fo r r e d e m p tio n J u ly 1 1909 an d the rem ain in g
$ 8 ,3 8 0 ,0 0 0 o n J a n . 1 1910.
B oth series o f M ex. C en t. In com es are n o n -c u m . a n d se cu re d b y o n e Inden­
ture to the A m erican L . & T . C o. o f B o s to n .
F ir s t In com es r e c e iv e d 3 %
Int. In 1890, 1891 and 1892; none s in ce . V. 7 2 , p 627 . 880 : V . 8 5 , p . 40.
In 1907, In a d d itio n t o the $ 6 6 ,8 8 0 ,0 0 0 M e x . C en t, c o n s o l. 4s In hands o f
p u b lic, so m e $ 4 1 ,0 0 0 ,0 0 0 w ere d e p o s ite d as p a rt co lla te ra l fo r the c o ll,
trust n otes o f 1906. C oll, trust 5 % g o ld n otes a ssu m ed b y N a t. R y s . of
M e x ico , d u e 1910, see co llateral In V. 87, p . 614; V . 8 8 , p . 231.
O f the M ex. In te rn a t. co n s o l. 4s, $ 6 ,5 0 1 ,0 0 0 w ere g u a ra n te e d , p . & I., b y
the N at. R R . o f M e x ., the g u a ra n ty b e in g assum ed b y the N ation a l R a ilw a ys
C o. S ee th at c o m p a n y ; also V . 75, p . 77.
G E N E R A L F I N A N C E S .— I n M ay 1908 the re a d ju s tm e n t m anagers
sold $ 1 3 ,7 5 0 ,0 0 0 p rio r lien 4 M s a t 9 4 % an d In Jun e 1909 $2 4 ,0 0 0 ,0 0 0 a t
9 5 % , an d In Ju n e 1908 th e y so ld $ 2 9 ,5 0 0 ,0 0 0 general 4s to F ren ch ba n k ers.
V . 8 6 , p. 1344; V . 8 7 , p . 38; V . 8 6 , p. 918 , 982; V . 8 8 , p . 52, 231 , 1438.)
E A R N I N G S .— 2 m o s .,/1 9 0 9 ---------- G ross, $7 ,7 1 2 ,9 0 8 ; n e t, $2,969,061
J u n e 30 to A u g . 3 1 . \ 1 9 0 8 .-------- G ross,
7 ,3 8 4 ,8 2 9 ; n e t,
2 ,5 2 1 ,6 3 5
A N N U A L R E S U L T S .— F o r the co m b in e d pro p e rtie s (V . 8 8 , p . 1438):
N et Incom e o f L in es N ow C om p risin g the N ational R gs. o f M e x ic o fo r the
F isca l Y ear ended J u n e 30 1908.
T o ta l net In com e a fte r d e d u c t in g o p e r a tin g e xp en ses (U . S . c u r.) .$ 8 ,9 3 3 ,0 0 2
F ix e d an d o th e r ch a rg e s , p a r tly e s tim a te d , p rio r to
Interest o n the p rio r lien b o n d s o f the N a tion a l R y s
o f M e x ico , fo r th e c u r r e n t fiscal y e a r —
In te re st o n p rio r Hen a n d c o n s o lid a te d m o rtg a ge
b o n d s o f the fo rm e r N a tio n a l R R . C o. o f M e x i c o .$ 2 .024 ,600
O th er c h a rg e s..............................................................................
281,563 2,3 0 6 ,1 6 3
L e a v in g (on basis o f last y e a r ’s earnings) a p p lic a b le to Interest
on th e p rio r lien 4 V ,% b o n d s -------------------------------------------------. .$ 6 ,6 2 6 ,8 3 8
T h e in t. on $8 4 ,7 5 9 ,9 7 7 p rio r lien 4)<j% b o n d s (w h ich a m o u n t
Includes the presen t Issue o f $2 4 ,0 0 0 ,0 0 0 b on d s) a m o u n ts t o . .$ 3 ,8 1 4 ,1 9 9
T h e re p o rt o f the M exica n Cen tral R y . fo r 1907-08 was In V . 8 7 , p . 153 0,
1660; th at o f the N a tio n a l R I t . o f M e xico In V . 87. p . 1084. 1178.
M e x ic a n C entral I ig .— R esults fo r Y ears ending J u n e 3 0 .
1
1907-08.
1906-07.
1905-06.
Miles o p e r a te d , a v e r a g e ................................
3,2 2 5
3,2 0 3
3,1 5 5
G ross earnings (M e x ica n c u r r e n c y )..$ 3 5 ,5 1 0 ,5 8 1 $ 3 1 ,2 3 6 ,1 9 5 $ 2 8 ,3 7 6 ,8 0 6
N et earnings (M ex ica n c u r r e n c y )______$ 1 0 ,859 ,17 2 $ 9 ,1 6 6 ,0 1 7
$ 8,566,161
N e t earnings (U . S . c u r r e n c y )...................$5,4 2 9 ,5 8 6
$ 4 ,6 0 4 ,4 5 6
$ 4 ,2 8 7 ,8 6 2
F o rm er N at. R R . o f M e x .— R esults fo r gears end. J u n e 3 0 .
E a rn in g s Y ears ending J u n e Z0—
1907-08.
1906-07.
1905-06.
A v era ge m iles o p e r a t e d ----------------------1,738
1,730
1,730
G ross, earnings (M e x ica n c u r r e n c y ) ..$ 1 5 ,6 0 1 ,3 1 0 $1 5 ,8 7 4 ,6 6 9 $ 14 ,039 ,30 3
N et earnings (M e x ica n c u r r e n c y )____
5 ,686,151
5 ,722,831
5 ,4 1 3 ,2 5 2
N et earnings (U . S. c u r r e n c y )...............
2 ,8 4 3 ,0 7 5
2 .8 6 1 ,4 1 6
2 ,7 0 6 ,6 2 9
In co m e fro m In ve sts., & c. (U . S. cu r.)
660 ,340
747 ,636
------------C h airm an o f B o a rd , L ie. J ose Iv e s L lm a n to u r: V ice -C h a irm a n , LIo,
P a b lo M acedo; C h airm an N ew Y o rk L o ca l B o a rd , II. C lay Fierce: I’ res ,
E. N . B row n .
N . Y . o ffic e , 25 B road S t.— (V . 89, p . 225, 594, 993.)

Oct ., 1909.1

RAILWAY STOCKS AND BONDS.

o




R A IL R O A D S
F o r exp la n a tion o f colum n headings, A c . , see notes
on first page o f tables

M ile s
of
Road

N ation a l R a ilw a y s o f M e x ic o —
C om s t o c k $ 7 5 ,0 0 0 ,0 0 0 U S g o r 15 0 ,0 0 0 .0 0 0 M ex p cs
F irst p r e f stk $ 3 0 ,0 0 0 ,0 0 0 4% n -c (also as to assets)
2 d p r e f s to c k $ 1 2 5 ,0 0 0 ,0 0 0 5 % n -c (also as t o assets)
P rl lien M U S g r e d 105 b e g ’ 17 (see te x t) C e .x c * & r*
G eneral m tge U S g old redeem p ar (te x t) g u a r . N xc*
N a t. R R o f M ex p rior lien M g o ld call 1 0 5 ___ U n.c*
1,284
First co n s o l M $ 6 0 ,0 0 0 ,0 0 0 g o ld (see t e x t )- C e .c * 1,514
M ex ica n C en tral— F irst m o rtg a g e In clu d in g s c r ip ___
P r io r ity b on d s g o ld re d e e m a b le a t 1 1 0 ____________
C o n s o lid a te d m o rtg a g e $32 ,000 p m g o ld B B .c * & r 3,407
F irst con s Inc & scrip n -cu m ($ 9 ,6 0 0 p in) g . A B .c* 3,407
2 d con s ln c ($ 6 ,4 0 0 p"m )red 5 0 % t o A u g 1929A B .C * 3,407
R e g is te r e d In com e b o n d s an d scrip u n a ss e n to d . . r
C olla t tru st n otes g ca lled f o r p a y m ’ t Jan , 1, 1910
Car a n d lo c o m o t iv e ren tal n o t e s ___________ ______
E q u ip m e n t 5s $50 ,000 r e d e e m a b le y e a r ly a t p a r .
do
($ 50,000 y e a r ly par) red 102 )4 b e g ’ 1 0 -O B .c *
N a u g a tu c k — See N ew Y o r k N ew H a v e n & H a r tfo r d
184
N e v a d a -C a lifo rn ia -O re g o n — F irst m tg e $ 1 ,5 0 0 ,0 0 0 g .
N evada C en tral— 1st M g o ld n o n -cu m Inc (sink f d ) . O e
94
N ew h n g la n d — See N ew Y o r k N ew H a v e n & H a rtfo rd
N ew H aven & N o rth a m p to n — See N ew Y o r k N ew H a ve n &
N ew J ersey J u n ctio n — F irst M gu a r $ 4 ,0 0 0 .0 0 0 .G .c& r
5
N ew Jersey & N ew Y ork — See E rie R R Co
N ew J ersey & P e n n s y lv a n ia — T e m p o r a r y M $20 0,00 0
20
N ew L on d on N orth ern — S t o c k --------------------------------------C on sol m ortg a g e (n ow first M) ($688,000 are 4s) . . c *
L
W e s t R iv e r first m o rtg a g e gu aran teed prln and In t.
35
N ew M ex ico Cen t— S Fe Cent 1st M $ 2 ,5 0 0 ,0 0 0 g P P ic*
117
N ew M e x ico R y & C o a l— See El P a so & N orth ea stern Co
N ew O rleans G reat N orth e rn — F irst M g o l d ___ K .c * & r
271
N ew Orl /Mobile & C h ic —C om stk $25 ,0 0 0 per m i l e . .
P referred s to c k 6 % $ 5 ,0 0 0 ,0 0 0 ($5,000 p er m i l e ) . .
F irst m ortg a g e $ 3 0 ,0 0 0 ,0 0 0 ($ 30,000 p er m ile )____
190
New O rleans & N orth E a stern — S t o c k $ 6 ,0 0 0 ,0 0 0 ____
P r io r Hen m ortg a g e g o l d ............... ....................... . .C e .c *
196
F irst m ortg a g e "gold__________________ ___________ F.c*
196

_

_

11
2
12

D ate
of
B on d s

1907
1907
1901
1901
1881
1889
1889
1889
1889
1881
1906

$, £
$, £
500
500

A m oun t
O utstanding

&c
&c
< cc
S
&C

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

1,000
1,000

1899
1888

1.000
1,000

580 ,000
750,000

1,000

1,700,000
1,500,000
1 ,500,000
75,000
2,000,000

H artfo rd
1886
1907
1880
1905
1901
1905

1,000
100
1,000
1,000

1,000

1908
1885
1881

&c

100
100

100
1,000
1 000

NEW J E R S E Y & P E N N S Y L V A N I A R R .— W h lte h o u s e t o M o rris to w n .
N . J ., 20 m iles.
O n M arch 1 1900 F rederick V . P itn e y o f M o rristo w n ,
N . J ., wT a p p o in te d r ece iv e r. V . 82, p . 510 , 092 . V . 82, p . 092 .
as
In
S e p t. 1907 reorg a n iz a tion w as p e n d in g .sto ck bein g Increased to $30 0,00 0
and a new te m p o r a r y 5 % m o rtg a g e fo r $ 2 0 0,00 0 m a d e , d a te d Ju n e 1
190 7. V . 85, p . 793 .
P re s ., C has. U . F lin t; S e c. an d T r e a s ., L o u is E.
S p e n ce r.
O ffic e , 37 W a ll S t .. N ew Y o r k .— (V . 85, p . 793 .)
NEW LONDON NORTHERN RR.— O w n s fro m N ew L o n d o n , C o n n ., via
B r a t t le b o r o , V t ., to S ou th L o n d o n d e r r y , V t . , 158 m iles.
L E A S E D f o r 99 years fro m D e c. 1 1891 to C entral V e r m o n t . T h e rental
Is $21 3,55 2 p er a n n u m ,w h lc h le a v e s a sm all surplus a fte r p r o v id in g fo r Inter­
e s t, & c ., an d 9 % d iv id e n d s . T a x e s an d Im p ro ve m e n ts m e t b y lessee. In
F e b . 1909 a p p lie d fo r perm ission to Issue $ 1 ,5 0 0 ,0 0 0 b o n d s t o re fu n d o u t ­
s ta n d in g b o n d s d u e J u ly 1 1910. V . 8 8 , p . 500.
D I V I D E N D S .— 1888 to A p ril 1892, 7 % y e a r ly , then 8 % y e a r ly t o 1893,
a n d sin ce t o O c t . 1909 (In c .), 2 ) 4 % q u a r. (9 % p er a n .) — (V . 88 , p . 50 0 .)
NEW MEXICO CENTRAL RR.— O w ns fro m S an ta F e . N . M ., so u th to
T o r r a n c e , 117 m .; o p e n e d Ja n . 1 190 5. N a m e ch a n g e d fro m S an ta F e
C en tra l R y . in A u g . 1908. T h e A lb u q u e r q u e & E a ste rn , m e rg e d in S e p t.
190 8, w h ich w as to b u ild th e e x te n s io n , has m a d e a m tg e . to the P itts . T ru st
C o ., as tru stee. In M ay 1909 file d a m tg e . to se cu re $2,0 0 0 ,0 0 0 b o n d s on
H a g a n c o a l fields. In O ct. 1909 c r e d it o r s , It w as r e p o r te d , a greed to w aive
cla im s a n d assist In b u ild in g e x te n s io n to A lb u q u e r q u e an d H agan coa l
m in e s . V . 8 9 , p . 721; V . 8 7 , p . 545; V . 8 9 , p . 1009. O th er a llied lines,
s ee V . 8 0 , p . 221. S t o c k , $ 2 ,5 0 0 ,0 0 0 , all o u ts ta n d in g .
F o r y e a r e n d in g
Ju n e 30 1909, gross, $ 09 ,470 ; d e f. u n d er o p e r ’s ., $ 1 7 ,0 9 4 . P r e s ., H arrison
N e s b lt, P itts b u r g h , P a .; V .- P ., W . S . H o p e w e ll, T r e a s ., Charles C. M ur­
r a y ; S e c ., F ran cis J . T o r r a n c e . O ffic e , S an ta F e ., N . M .— (V . 89, p . 721 ,
1009.)
NEW ORLEANS FORT JACKSON & GRAND ISLE R R —V. 88. p. 375.
NEW ORLEANS GREAT NORTHERN RR.— (S ee M a p . ) — N ew O rleans.
L a ., to J a c k s o n , M iss., 182 m iles, w ith b ra n ch e s, R io , L a ., to T y le r to w n ,
M is s ., 41 m .; S lid ell, L a ., to F o ls o m , L a ., 47 m ., m a k in g a to ta l o f 270 m iles
o p e r a t e d . In clu d in g 29 m . tra ck a g e N ew O rleans to S lid ell, L a .
E n tran ce
Into J a c k s o n , M iss., c o m p le te d J u ly 1 1909, o n w h ich d a te en tire m ileage
w as tu rn ed o v e r to o p e r a tin g d e p a rtm e n t. S to c k , $4 ,2 4 2 ,2 0 0 .
O f first m o r tg a g e b on d s ($ 1 0 ,0 0 0 ,0 0 0 a u t h o r iz e d ), $ 7 ,5 0 0 ,0 0 0 h a ve b e e n
Issued fo r co n s tr u c tio n a n d e q u ip m e n t. V . 8 1 , p . 841.
E A R N I N G S .— 2 m o s ., (1 9 0 8 -0 9 ..................G ross, $ 20 0,81 3; n e t, $01,550
J u ly 1 to A u g . 3 1 .
1 190 7-0 8_________ G ross,
8 2 ,120; n e t,
10,040
O F F I C E R S .— P r e s ., Charles W . G o o d y e a r ; 1st V . - P . a n d G en. Counsel.
M . E . O lm sted : 2d V . - P . a n d S e c ., C . I . Jam es; T r e a s ., F . A . L eh r; G en.
M g r ., N . G . P ea rsall.
D ire cto rs : M essrs. G o o d y e a r , Jan ies, O lm sted
P ea rsall, I . C. E n och s , C. IC. M uillngs, G . M . W h it n e y , G . C. L lgo n and
C . W . G o o d y e a r J r .— (V . 8 0 , p . 1530; V . 8 8 , p . 1197.)
NEW ORLEANS MOBILE & CHICAGO RR.— O p erates:
R oadM ile s . I R oad—
M ile s
M o b ile , A la ., t o M id d le to n , T e n n .369 E lllsvllle J e t. t o E lllsv llle , M is s ..
6
B e a u m o n t, M iss., to H a ttie s b u r g . 2 7 1
----T o ta l (100 m . 6 0 -lb . a n d 302 m . 7 0 -lb s te e l), Incl. G u lf & C h ic a g o — 402
O R G A N I Z A T I O N .— S u cce sso r p er plan V . 8 5 , p . 1577; V . 87, p. 1664,
t o M ob ile J a c k s o n & K an sas C ity a n d G ulf & C h ica g o , sold in fo reclosu re
A u g . 23 1909. V . 89, p . 529 , 919 . I t Is p r o p o s e d e v e n tu a lly t o ex te n d
th e sy stem t o the O h io R iv e r o n the n o rth a n d t o N ew O rleans o n th e so u th .
T h e b on d s o f the o ld co m p a n ie s r e ce iv e p ar In new b o n d s and 1 0 % in
preferred s t o c k fo r p rin cip a l an d p a r In new b o n d s fo r th e c o u p o n due
J u ly 1 1908 on the old b on d s an d the three c o u p o n s o f Ja n . an d J u ly 1 1909
a n d J a n . 1910, w h ich are to be re m o v e d fro m the new b o n d s. T h e old
s t o c k w ill receive b on d s a t par fo r 2 0 % assessm ent w ith 3 % In cash for
b on d s su b scrib ed a n d 2 0 % In p re f. s to c k .
A sy n d ic a te fo rm e d b y the Interests n o w In c o n tr o l agreed to assum e
th e floa tin g d e b t o f th e o ld co m p a n ie s , a ggre ga tin g $ 1 ,5 3 4 ,2 6 2 , a c c e p t
Ing as s e cu rity $1,5 3 4 ,2 0 3 In b o n d s an d $15 3,42 0 In new p re f. s t o c k .
Of
th e b o n d s , $ 1 7 ,9 1 0 ,0 0 0 , to g e th e r w ith $ 2 ,9 8 5 ,0 0 0 p re f. an d $ 1 4 ,925 ,00 0
c o m s t o c k , w ill be reserved fo r new m ileage.
O f th e secu rities Issuable
o n presen t m ileage, $12 ,0 9 0 ,0 0 0 b o n d s, $ 2 ,0 1 5 ,0 0 0 p re f. an d $10 ,075 ,00 0
c o m . s t o c k , $ 2 , 4 9 4,337 b o n d s , $ 1 ,0 5 5 ,4 3 4 p re f. s to c k an d $ 2 ,0 0 1 ,2 0 0 com .
s t o c k w ill rem ain a v a ila b le In the treasu ry.
$42 ,0 0 0 ca r tru st 4 H s o f 1905 m atu re $14 ,000 q u a r.; o th e r ca r trusts
Ju n e 30 1908, $13 4 ,0 8 1 .
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ............ G ross, $ 1 ,5 2 5 ,8 3 3 ; n e t, $502,103
J u ly 1 to Ju n e 3 0 .
J19 0 7 -0 8 .............G ross, 1 ,4 4 0 ,3 9 0 ; n e t, 257,982

W hen
P a yable

Rate
%

$74 ,749 ,03 3
2 8 ,8 1 0 ,1 0 0
123.8 85,690
&
J
89^227 j400
J
5 2 ,7 4 6 ,6 0 0
A & O
4 g
4 pj g J
&
2 3 ,0 0 0 .0 0 0
J
2 7 ,2 8 0 ,0 0 0
A & o
4 g
J
&
J
51.085 (7) 4
1,4 2 0 ,0 0 0
&
J
J
5 g
&
3 ,6 8 3 ,0 0 0
J
J
4 g
1,1 0 7 ,0 0 0
J u ly 10
3 g
118,000
3
20,200
3
J u ly 1
&
8 ,3 8 0 ,0 0 0
J
J
5 g
3,132,60'*’
400 ,000
A & o
5 g
500 ,000
A & o
5 g

1897
1899

N E V A D A -C A LI F O R M A-OR EGON R Y .— R e n o , N c v ., to A ltu ra s . C a l.,
184 m iles, o f w h ich M adelin e to L lk e ly , 20 m iles, o p e n e d O c t . 1 1907, an d
20 m iles, fro m L ik e ly t o A ltu r a s , c o m p le te d D e c. 1908. E x te n sio n p r o ­
p o s e d 58 m iles to L a k e v le w , O re . T h e Sierra V a lle y s R I l ., P lu m as to M o ­
h a w k , C a l., 37 m iles , w as a c q u ir e d a t fo re clo su re sale Jan . 30 1909, the s to c k
o f n ew c o . to b e o w n e d , V . 8 8 , p . 452 . S to c k , c o m ., $ 1 ,4 5 0 ,0 0 0 ; p r e f.,
$ 7 5 0 ,0 0 0 , all o u t . A ft e r 5 % o n c o m ., b o th s to ck s share p ro r a ta .
D lv . on
p r e f. A u k . 1900, 3 % ; A u g . 1907, 4 % ; A u g . 1908 an d 1909, 5 % .
D iv id e n d
o n c o m m o n s t o c k , 1 % , p aid A u g . 1909.
R e p o r t fo r y e a r 1908-09 w as in V . 8 9 , p . 843 , s h o w in g , gross, $406,068;
n e t , $ 22 8,85 7; o t h e r in c o m e , $14 ,0 0 3 ; in t ., ta x e s , & c ., $55 ,149 ; d iv . on p re f.
( 5 % ) , $37 ,5 0 0 ; d lv . on c o m . (1 % ) , $14 ,5 0 0 ; b a l., su rp lu s, $13 0 ,3 4 1 . P r e s .,
D . C. M ora n , 08 W illia m S t ., N . Y .— (V . 89, p . 779 , 843.)
N E W JE R S E Y JUNCTION R R .— T erm in al road th rou gh J ersey C ity ,
H o b o k e n an d W eeh a w k en , a b o u t 5 m iles. L ea sed fo r 100 years fro m June
SO 1880 to N .Y .C e n t r a l, w h ich gu aran tees b o n d s a n d o w n s $10 0,00 0 s t o c k .
NEW J E R S E Y & N E W Y O R K R R .— O w ns fro m Erie J e t ., N . J ., to
G a rn ervllle, N . Y . , 29 m iles; bra n ch es t o N ew C it y , & c ., 5 m .; op erates to
H a v ers tra w , & c ., 14 m .; to ta l o p e r a te d , 48 m iles.
Erie R R . In A p ril 1890
pu rch ased c o n t r o l. S t o c k . $ 1 ,4 4 0 ,8 0 0 c o m ., $78 7,80 0 p r e f.; p a r , $10 0. C o n ­
trol Is w ith p r e f. s t o c k a n d 1st m tg e . till 0 % has been p aid on p re f. for th re e
years.
Y e a r e n d in g Ju n e 30 1908, gro ss, $01 0 ,7 8 4 ; n e t, $11 9 ,8 5 0 ; o th e r
I n c .,$ 3 ,1 5 1 ; in t ., ren ta ls, & c . ,$22 0 ,4 0 0 ; b a l., d e f.,$ 1 0 3 ,4 0 0 .— (V .6 5 , p .8 2 2 .)




I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

7,5 0 0 ,0 0 0

W here P a y a b le, and by
W hom

B on d s— P r in c i­
p a l, W hen D u e
S locks— Last
D ividend

O ffice , 25 B ro a d S t, N Y A ilg 1 0 1 9 0 9 1 %
do
do
do
do
N ew Y o r k
do
do
N on e paid
do
do

do
do
do
do
a n d B oston
do
do

J u ly
O ct
O ct
O ct
J u ly
J u ly
J u ly
Jan
Jan
J u ly
Jan

1 1957
1 1977
1 1926
1 1951
1 1911
1 1939
1 1911
10 1939
10 1939
1 1911
1 1910

O ld C ol T r C o, B o s t& L o n A p r 1 1917
do
do
O ct 1 1919

M
J

A
&

N M oran B ro s , N ew Y o r k M ay 1 1919
J 1)4% p aid F e b 1909
J u ly 2 1938

4

F

&

A N Y C entral & H u d R iv e r F e b 1 1980

5
9
4 & 5
4
5 g

J

5 g
5 g

5 g
5 g

& D
N ew L o n d o n O ffice
Q— J
&
J
J M e ch an ics N a t. I lk ., N Y
& D
J
& D P ittsb u rg h T r u s t Co
J
F

&

A Fisk

Ju n e 1 1927
O ct 1909 2\ iV »
J u ly 1 1910
D e c 1 1941

& R o b in s o n . N Y A u g 1 1955
1958

6 , 000,000 5 In 1909 Y e a rly N ew O rleans, L a
S e p t 3 1909 5
1,3 2 0 ,0 0 0
A & O C entral T ru st C o, N Y 'N o v 1 1915
0 g
& J M uller, Sch all & C o , N Y Jan 1911
100,000
J
6g

R E P O R T .— F o r y e a r e n d in g Ju n e 30 1909 (o ld c o .) , gross, $ 1 ,5 2 5 ,8 3 3 ;
n e t, $50 2 ,1 0 3 .
In 1907-08, gro ss, $ 1 ,4 4 0 ,3 9 7 ; n e t, $ 25 7,98 2; in t ., ta x e s ,
rentals, & c., $35 8,32 1; b a l., d e f., $10 0 ,3 3 8 .
O F F I C E R S .— P r e s ., L . S . B erg, 49 W all S t ., N . Y . ; S e c. an d T r e a s .,
G eo. W . C rary, M ob ile , A la .
D ire cto rs .— L . S. B erg, VV. D . S tr a tto n , A le x a n d e r M c D o n a ld , Jo h n W .
S im p so n , B ra y to n Iv e s, G eo. It. S h eld on , A . P . W a lk e r an d I I . C. S n y d e r .
N ew Y o r k C ity; W a lla ce B . R o g e rs , L a u re l, M ass.— (V . 89, p . 529 , 919.)
N E W O R L E A N S & N O R T H E A S T E R N R R . — N ew O rleans, L a ., to M er­
id ia n , M iss., 196 m iles. S to c k , $ 6 ,0 0 0 ,0 0 0 (p ar $ 1 0 0 ), o f w h ich $ 5 ,3 2 0 ,0 0 0
an d $ 5 ,1 9 5 ,0 0 0 gen . 4 H s an d $ 1 ,5 0 0 ,0 0 0 in co m e s w ere held In Jan . 1909 b y
A la . N ew O rleans T e x a s & P a c . J e t. R y .
R e o rg a n ize d In 1902 p er plan In V . 74, p. 081.
D iv id e n d o n s to c k 1903
and 1 9 0 4 ,3 % e a ch ; 1 9 0 5 .3 , 4 % ; 1 9 0 0 ,5 % ; 1 9 0 7 ,0 % ; 1908, 4 % ; 1909,
S e p t., 5 % . Of the gen . 4 4 s , $ 1 ,3 7 2 ,0 0 0 are reserved to retire the rem ain ­
in g prior lien and first m tg e . b o n d s an d $ 9 0 6,00 0 fo r fu tu re needs.
E q u lp m nt n otes o f 1900. V . 82, p . 987.
E A R N I N G S .— 1 2 m o s ., (1 9 0 8 -0 9 _____ G ross, $ 3 ,0 3 5 ,0 8 7 ; n e t, $937,103
J u ly 1 to Ju n e 3 0 .
11907-08 _____G ross,
2 ,8 8 3 ,6 5 0 ; n e t,
732 ,518
R e p o rt fo r 1907-08, V . 87, p . 1295.
Yr. end. J u n e 3 0 . G ross.
N et.
Oth. I n c . I n t ., A c .
B a lan ce.
19 0 7 -0 8 .......... ..............$ 2 ,8 6 5 ,3 1 5
$009,948 $126,413
$550,721
$24 5,04 0
1 9 0 6 -0 7 _____________ 3,0 9 0 ,2 0 8 8 55 ,109
169 .338
580 ,853 4 3 7 ,0 4 9
F ro m surplus paid d lv . o f 4 % ($240,000) In 1907-08, again st 6 % ($ 3 6 0 ,­
000) in 1 9 0 0 -0 7 .— (V . 8 5 , p . 722 , 1 3 9 5 : V . 8 7 , p . 1 2 9 5 : V . 89, p . 779.)
N E W O R L E A N S T E R M I N A L C O . — O w ns e x te n s iv e term inal p r o p e r t y at
N ew O rleans an d a b e lt railroad a ro u n d the c it y , leased to th e S t. L ou is A
San F ra n cisco a n d S ou th ern R y fo r 99 years fro m J u ly 1 1903, rental c o v e r ­
in g all e xp en ses o f o p e r a tio n s , m a in te n a n ce a n d ch arges. Sou th ern R y .
a n d S t. L ou is & San F ra n cis co each o w n h alf o f the $ 2 ,0 0 0 ,0 0 0 o u ts ta n d in g
s to c k ($ 5 ,0 0 0 ,0 0 0 a u th o r iz e d ), a n d Jointly g u aran tee th e b o n d s .
In F e b .
1909 $ 3 ,0 0 0 ,0 0 0 o f an Issue o f $ 3 ,5 0 0 ,0 0 0 2 -y e a r 5 % n o te s , g u aran teed b y
tw o lessor co m p a n ie s an d se cu re d b y $ 5 ,0 0 0 ,0 0 0 b o n d s, w ere so ld t o retire
$ 2 ,5 0 0 ,0 0 0 n otes m atu rin g A p ril 10 1909 an d fo r Im p ro v e m e n ts , V . 8 0 , p
721; V . 8 8 . p . 564. P r e s ., D . D . Curran. S ee V . 78, p . 34 3 , 1447; V . 7 9 ,
p . 1466; V . 8 1 . p . 155; V . 83, p . 272; V . 80, p . 721; V . 8 8 , p . 564.)
N E W Y O R K B A Y R R . — O w ns fro m K e a r n e y J u n ctio n , N . J . , to a p o in t
4,184 fe e t ca st o f W a v e r ly S ta tio n , n ear N e w a rk , a n d fro m a p o in t 4,0 3 7
fe e t east o f W a v e r ly S ta tio n to the bu lk h ea d line a t G reen ville piers, o n New
Y o r k B a y , 10.98 m iles, w ith 3 bran ch es, 2.59 m iles; t o ta l, 13.57 m iles.
S t o c k , $ 6 ,0 0 0 ,0 0 0 , all o w n e d b y P e n n sy lv a n ia R R .
In 1908 m a d e a m tg o .
to secu re $ 6 ,0 0 0 ,0 0 0 b o n d s , o f w h ich P e n n . R R . D e c. 31 1908 o w n e d $ 3 ,­
635 ,0 0 0 .
V . 86 , p . 920 , 9 8 2 .— (V . 80, p . 920 , 982.)
N E W Y O R K B R O O K L Y N & M A N H A T T A N B E A C H R Y . — O w ns from
Fresh P o n d J u n ctio n to M an h a ttan B each (C o n e y I s la n d ), an d bra n ch es to
B a y R id g e a n d G re c n p o ln t, 15 m iles.
L E A S E , & c.— A co n s o lid a tio n A u g . 27 1885. L ea sed fo r 99 years fro m
O ct. 1 1885 to th e L o n g Isla n d R R . C o ., w h ich ow n s m a jo r it y o f s t o c k .
R e n ta l, Interest o n b o n d s a n d 5 % o n p re f. s t o c k . C o m m o n s t o c k , $ 3 5 0 ,0 0 0 .
L . I. R R . has a tta c h e d to th e b o n d s Its u n c o n d itio n a l g u a ra n ty o f p rin cipa l
an d Interest In a d d itio n to fa c ts as to lease.— ( V . 8 3 , p . 1348.)
N E W Y O R K C E N T . & H U D . R I V E R R R . — (See M i p s . p p . 9 0 , 97.)
Operated under c o n trict—
L in es ow ned.
M ile s
13
N ew Y o r k to B u f f a l o ----------------- 441 T erm in al R y . o f B u ffa lo * ______
50
B r a n c h e s ________________________ 305 S t. L a w ren ce & A d ir o n d a c k * ..
36
P r o p r ie ta r y l i n e s ---------------------3 C h erry T re e & D lx o n v llle ______
T r a c k a g e ________________________ 237
L in es letsed . (*S ee tills c o .)
W e st S h o r e * ------------------------------- 479
T o ta l In e a rn in gs____________ 3,781
T r o y & G re e n b u sh * ------------------0
Controlled— Operated S epa ra tely.
S p u y te n D u y v ll & P t . M.* ------5
N ew Y o r k & H a r ie m * ---------—
137 L a k e S h ore & M ich . S o u th e r n * . 1 , 5 11
N ew Jersey J u n c t io n * --------------5 M ich igan C e n tr a l* ............. .............. 1,746
88
R o m e W a te r to w n & O g d e n * —
624 L a k e E . A llia n ce & W h e e l in g ..
M oh aw k & M a lo n e * ------------------- 182 N . Y . C h ic. & S t. L ou is R R . * . . 523
C arthage & A d ir o n d a c k * ----------40 L a k e E rie & W e s te rn * ________ l
N ew Y o r k & P u tn a m * __________
09 N orth ern O h io * ________________ J 886
B o sto n & A l b a n y * ______________ 393 “ Big F o u r ” S y s t e m * _____________2 ,334
N ew Y o r k & O tt a w a * --------------- 120 C h icago In d ia n a & S o u t h e r n * .. 341
248
Fall B ro o k R y ., & c .* --------------- 231 C incinnati N o rth e r n * __________
91
B eech Creek R R . * ______________ 105 D u n k irk A ll. V a l. & P i t t s . * . . .
P itts . & L a k e E rie sy ste m ►
___
191
Beech Creek E x te n sio n R R .,
408
e t c . * ___________________________ 128 R u tla n d R R .................................
14
W allk lll V a l l e y .................................
33 L ittle F alls & D o lg e v llle _______
C h icago K a la m a zo o & S agina w
55
44
D e tr o it & C h a r le v o ix _________
In d ia n a H a r b o r B e lt___________
103
T o t a l J a n . 1909, less 140 m . d u p lic a te d (338 m iles 4 -t r a c k e d )_______ 12,2 8 4
A lso c o n t r o ls L a k e E rie & P itts b u r g h R y . , c o m p le te d fro m L o ra in , O .,
s o u th e a st t o B erea, 13 m iles, and t o be e x te n d e d t o C levela n d an d Y o u n g s ­
to w n , m a k in g a b o u t 120 m iles In all. V . 83, p . 1037.
O w ns an Interest In c o m m o n s to c k o f H o ck in g V a lle y R y . , w h ich see.
in Jan . 1909 w as au th o riz e d to p urchase the $ 9 8 9,00 0 S p u y te n D u y v e l &
P o rt M orris s t o c k a t n o t o v e r S230 per $100 share.
V . 88 , p . 37 5 , 82 3 .
T h e s to ck h o ld e rs v o t e d -A p r il 21 1909 t o m ak e a new lease o f th a t r o a d
an d o f th e G e n e va C orn in g & S ou th ern R R .
V . 88 , p . 8 2 3 , 1128.
H I S T O R Y , & c .— C on trol o f th e L a k e S h ore and M ich igan Cen tral road s
w as acq u ire d In 189 8, as s ta te d b e lo w . V . 71, p . 502; V . 78, n . 48.
In Ja n . 1909 th e h old in gs o f th e V a n d e rb ilt Interests In C . & O . R y . s t o c k ,
a b o u t $ 8 ,0 0 0 ,0 0 0 , w ere s o ld . V . 88 , p . 375 . V a n d e r b ilt e s ta te , V . 71,
p. 1 2 2 1 .
S in ce 1900 the allied lin es, w ith the e x c e p t io n o f th e N . Y . C h icago
& S t. L o u is, are k n o w n as th e “ N ew Y o r k C en tral” lin es. V . 8 1 , p . 1792.
S T O C K .— D lv s . o n s to c k r c g . In L o n d o n arc p a y a b le at 4 9 }$ d . t o th e $ ."
S to ck h o ld e rs In 1906 su b scrib e d n t p ar fo r $ 2 9 ,8 3 9 ,5 0 0 new s t o c k , rats
Ing th e a m o u n t o u ts ta n d in g t o $ 1 7 8 ,0 3 2 ,0 0 0 . V . 8 3 , p . 088 , 8 1 8 , 1037.










R A IL R O A D S
F o r explan ation o f colum n headings, & c ., see notes
on first page o f tables

New Orl & N E (C on cl) — G en M $8,000,000 g _ P .c
_
In c o m e m o rtg a ge (non -cu m ) $1,500,000 g o ld _ N .r
_
E q u ip m e n t notes g o ld due $30,000 s e m i-a n n u a lly ..
New Orleans Term — 1st M $15,000 000 g guar.S.c*<Scr
N o te s gu a ran te e d g o ld ___________________________
N e w Y o rk B a y — F ir s t m o rtg age $6,000,000 g o l d - . G P
N Y B k ly n & M a n h a t t a n B e a c h — P re f sto c k n o n -c u m .
F lr s t cons M (now 1st M ) go ld g u a r b y L I ____Ce.c*
N Y C e nt & H u d R iv e r — S t o c k ($250,000,000 a u th ) _Tr
R e fu n d in g m o rtg a ge $100,000,000 g o ld _ C c .c * & r
_
C o ll tru st g ($100,000,000) C a k e Sh o re s t k - - G . c * & r
d o do ($21,550,000) M ic h C e nt s t o c k _______ G
M t g e on G en C o rn & S o u $10,000,000 g o l d - F x c * & r
M t g e on S p u y te n D & P M $20,000,000 g o ld ____Ce
D e b e n tu re s ( V 69, p 1102; V . 71, p 502, 9 6 4 ) . . .
D e b e n tu re s $50,000,000 g o ld ____________ U s . c * & r
N o te s $25,000,000........... .................... .......... c * & r
New York C e ntral Lines—
J o in t eq tr g $2,000,000 a n ( V 86, p 800, 920) - G . c * & r
N Y C h ic a g o & St L o u is — 2d pref sto c k ( 5 % n on -cu m )
F ir s t preferred ( 5 % n o n -c u m u la t lv e )______________
F ir s t m o rtg a ge g o ld s in k fu n d not d r a w n . . Ce.c* & r
D e b e n tu re b o n d s $.10,000,000 g o ld _____ G x . c * & r *
N Y & Greenwood Lake— P r io r Hen M gu p & I . N .g x c *
New York & Harlem— C o m m o n 1 4 % , 1 0 % gu a ran teed
Preferred sto c k 1 4 % , 1 0 % g u a ra n te e d _____________
R e f u n d in g m tge (now first) $12,000,000 g . . G . c * & r
N Y Lackawanna & Western— S t o c k g u a r 5 % ( e n d ) ..
F lr s t m o rtg a ge g u a r b y D e l L a c k & W e s t e r n ..F .c *
C o n stru c tio n m o rtg a g e g u a r b y D L & W (e n d ). F.c*
T h ir d M T e rm Im p ($5,000,000) g u a r p & I (end) . . F
New York Lake Erie & Western— See E r ie R R
N Y & Long Br— G e n M (now 1st) $2,500,000 g Ce .c*
New York New Haven & Hartford— S to c k (see text) .
D e b e n tu re s ($5,000,000 are 4s) n o n -c o n v e r tib le .c & r
D e b (for C e nt N E & W ) g n o n -co n v ( V 78, p 768)
D e b e n tu re s (for F H & W ) ( V 78, p 2 3 3 5 )________
D e b e n tu re s (for N . Y . O n t & W e st) ( V 80, p 2458).
D e b e n tu re s co n ve rtib le (see t e x t )_____________c* & r

D ate
of
B on ds

14

1902
1902
1906
1903
1909
1908

15

1885

865

1897
1898
1898
1909
1909
1900
1904
1907

196
196

1
5

1907
505
"53
146
146
136
214
214
214
214
38

1887
1906
1896
1897
1880
1883
1890
1891

97-’01
1904
1904
1905
1906

S iz e , or
Par
V a lu e

A m ount
O u tsta n d in g

%

B on d s— P r in c i­
p a l, W hen D u e
S locks— L ast
D ividend

R a te

&
J
g o ld (If
& o
& j
& O10
&
j
& o
fc ()
iJ— r
&
j
& A
& A
& N
& D
& J
& N
& A

F a r m e r s’ L & T r Co, N Y
earned) on D e c 1
F r a n k lin T r u s t Co, N Y
S t a n d a r d T r u s t Co, N Y
E m p ir e T r u s t Co, N Y
N e w Y o r k & P h ila d e lp h ia
C h e ck s m ailed
U S M t g e & T r Co, N Y
G r a n d C e nt S ta tio n , N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do
do

J a n 1 1952
J u ly 1 1952
A p r ’1 0 -A p r '1 3
J u ly 1 1953
A p r 10 1911
J a n 1 1948
O c t 1909 2 H %
O c t 1 1935
J u ly 15 ’09 1 M
J u ly 1 1997
Fe b 1 1998
Fe b 1 1998
M a y 1 1959
Ju n 3 1 1959
J u ly 1 2000
M a y 1 1934
F e b 1 1910

& N
M a rc h
M a rc h
A
& O
M & N
M & N
See text
See text
M & N
Q— J
&
J
J
& A
F
M & N

G u a r a n t y T r u s t Co, N Y
G r a n d C e n t S t a t io n , N Y
do
do
U n io n T r u s t Co. N Y
G r a n d C e n t .Station, N Y
50 C h u rc h S t, N e w Y o r k
G r a n d C e nt S t a t io n , N Y
do
do
do
do
D e l L a c k & W e ste rn , N Y
do
do
do
do
do
do

Nov
M ch
M ch
O ct
M ay
M ay
J u ly
J u ly
M ay
Oct
Jan
Aug
May

1910-1922
1 1909 5 %
1 1909 5 %
1 1937
1 1931
1 1946
1 1909 5 %
1 1909 5 %

Se p t
Se p t
M ch
Feb
Apr
J u ly
Jan

1 1941
30 1909 2 %
11 9 4 7
1 1914
1 1954
1 1955
1 1956

W h en
P a y a b le

$1,000 $5,562,000
4H g J
1,000
1,500,000 U p t o 4 H %
1,000
273,000
4H g A
1,000 & c 10,000,000
4 g
J
3,000,000
1,000
5 g
A
1,000 & c
3,840,000
J
4 g
100
650,000
5
A
1,000
1,726,000
5 g
A
100 178,632,000 5 in 1909
1,000 & c 89,000,000
3 H g .T
1,000 & c 90,578,400
3H g F
1,000 & c 19,336,445
F
3,744,000
1,000 & c
M
4 g
1,000 &c
2,500,000
3Hg J
1 bond
5,500,000
3H g J
1,000 & c 43,000,000
M
4 g
1,000 & c 25,000,000
5
F
1,000 & c
100
100
1,000
1,000
100 & c
50
50
1,000 & c
100
1,000
1,000
1,000

26,000,000
11,000,000
5,000,000
19,246,000
10,000,000
1,500,000
8,656,050
1,343,950
12,000,000
10,000,000
12,000,000
5,000,000
5,000,000

1,000
100
_______

2.438,000 4 g & 5 g
8 In 1908
See text
10,000,000 3 H & 4
5,000,000
4 g
10,000,000
3H
4
15,000,000
30,000,000
3H

500 & c
io ' o

C E N TR A L & H U D S O N R I V E R R R — (Con clu de d .)
D I V I D ’D S . I ’94. ’95. ’96-’98. '99. ’00 t o ’06. ’07. ’08.
1909.
Sin ce 1893 . . % \
5 4 ( 4 y ’rly
4
5 y ’r ly
6
5H
5 (1 M Q -J )
I n 1908, J an ., 1 H % ; A p r il, 1 H % ; J u ly , 1 H % ; O ct., 1 M % .
B O N D S . — R ef. m ortgage Is for $100,000,000, of w hich $73,346 000 w a s
Issue d to retire $70,377,000 old b o n d s a n d $11,654,000 for general pu rposes,
rem ain d er ($15,000,000) w a s reserved for new co n stru c tion , of w hich $4,000,­
000 so ld Feb. 1909. V . 77, p. 452; V . 86, p. 1043, 1101; V . 88, p. 506.
C o lla te ral tru st 3 H s of 1898 are secured b y deposit o f stoc k of the L a k e
Sh o re & M ic h ig a n S o u th e rn a n d M ic h ig a n Ce n tra l R R s . a t the rate of $100
of L . S . & M . S. sto c k fo r each $200 of b o n d s a n d $100 of M ich . Cent, stoc k
for each $115 of b o n d s o u tsta n d in g .
See V . 66, p. 288, 336, 760, 811.
I n 1904 $50,000,000 4 % debentures were au tho rized , of w hich $30,000,­
000 were so ld In 1904 a n d $13,000,000 In 1908. T h e y are to be secured
b y a n y new m o rtgage s, b u t e x istin g m o rtg age s m a y be extended.
V . 78,
p. 1907, 1962, 2384; V . 79, p. 1335, 2148; V . 86, p. 1043, 1101, 1467;
V . 87. p. 415, 614.
,
I n 1909 m ad e a new m tge . on the G e n e v a C o rn in g & So u th e rn to secure
a n a u tho rized Issue of not excee d in g $10,000,000 b o n d s b e a rin g 4 % in ­
terest, to retire o u tsta n d in g b o n d s a n d for exten sion s a n d Im p rov e m e n ts,
of w hich $3,744,000 a u th o riz e d to be issu ed In J u ly 1909. V . 88, p. 1128;
V . 89, p. 287. A ls o o n the S p u y te n D u y v l l & P o r t M o r r is for a n a u tho rized
a m o u n t of $20,000,000, of w h ic h $2,500,000 3 H s w ill be issued a t once,
m o st ly to re fu n d In de b ted n ess to N . Y . C e ntral. V . 89, p. 105, 287.
A s to eq u ip m en t tru st of 1907, see “ N e w Y o r k C e n tra l L in e s” below.
G U A R A N T I E S . — T h e c o m p a n y gu a ran te e s the securities of Its leased
lines to a consid erable a g g re g a te — see se parate sta te m e n t for each c o m p a n y
In the table of m ileage preceding. I t a lso gu a ran te e s W e ste rn T r a n sit Co.
3 H a for $1,000,000 due Feb . 1923.
N. Y .

_

G E N E R A L F I N A N C E S . — T h e re fu n d in g of old b o n d s w a s com pleted In
1905; a n n u a l sa v in g In Interest charges a b o u t $1,475,000.
I n J a n . 1907 the d iv id e n d rate w a s raised from 5 to 6 % (b u t a g a in reduced
to 5 % In A p r il 1908), a n d the d iv id e n d rates on the L a k e Sho re an d the
M ic h ig a n C e n tra l from 8 to 1 2 % a n d 4 to 6 % respectively, In cre a sin g the
In com e o f the C e n tra l fro m Its h o ld in g s of the sto c k s of the tw o co m pa n ies
$2,147,754 y e a rly . J a n . 1908 2 % ex tra w a s p a id o n L a k e Sho re & M ic h .
C e n tra l stocks. V . 83, p. 1411; V . 85, p. 1577.
•
I n J an . 1907 $25,000,000 3-year 5 % notes, also $15,000,000 L a k e Shore
a n d $10,000,000 M ic h ig a n Ce n tra l were so ld .
V . 84, p. 271, 394
I n A p ril 1908 $13,000,000 4 % debenture b on d s were sold. V . 86, 0 . 982.
1467.
I n Feb. 1909 $4,000,000 3 H % 1st m tge . b o n d s were sold.
I n M a rc h 1909 aw ard ed order for ro llin g stoc k a g g re g a tin g over $8 000 000, a n d 101,000 to n s of steel ra ils for 1909 d elivery, a n d In the llscai year
1909-10 co ntem plates Im p ro v e m e n ts to cost $21,488,475. V . 88. d 624
1254; V . 89, p. 104.
*
I n 1902-03 co n trol o f the R e a d in g Co. w a s acqu ired b y B a lt. & O h io
(P e n n sy lv a n ia Interests) an d L a k e Shore.
V . 76, p. 101; V . 78, p. 48.
I n 1906 the O re go n S h o r t L in e (U n io n P a cific sy ste m ) acquired $14,285 745 N . Y . C e n tra l stock, a n d In A u g . 1909 it w as ru m o re d a d d itio n a l sto c k
w a s acq u ired . V . 84, p. 52, 571; V . 89, p. 411.
T h e M o h a w k V a lle y C o ., w ith $20,000,000 sto c k (6 0 % being ow ned b y
N . Y . C e n t . a n d 4 0 % b y the "C e n tr a l R a ilw a y S y n d ic a t e ” of C le v e la n d )w a s
a h o ld in g c o m p a n y for v a r io u s electric ro a d s acqu ired In 1904 a n d 1905,
a g g re g a tin g 389 m iles In le n gth . In c lu d in g S y ra c u se R a p . T ra n ., Rochester
& E a ste rn R a p id , R o c h . R y . & L ig h t , S c h e n e cta d y R y . (half In tere st). &c.
V . 81, p. 1849. I n M a rc h 1909 a ll except the Sc h e n e cta d y a n d S y ra cu se
ro a d s were co nsolid ate d In to the N e w Y o r k S ta te R y s . , per p la n in V . 87,
P * 544; V . 82, p. 16, 334, 934; V . 83, p. 156; V . 84, p. 1308; V . 87, p. 53;
V . 88, p. 761, 823, 945, 1500.
P
’
A s to contract of 1903 w ith P e n n s y lv a n ia Be ech Creek & E a s te rn C o al
Co. to sh ip 1,000,000 ton s a n n u a lly , see V . 77, 2098; V . 79, p. 1335, 1 4 3 5 .
E A R N I N G S . — 8 m o s.,(1 9 0 9 --------- G ross, $58,888,637; net, $17,307,451
J a n . 1 to A u g . 31.
\ 1 9 0 8 .........G ro ss, 53,196,059; net, 13,273,495
A N N U A L R E P O R T . — R e p o r t for y e a r e n d in g D ec. 31 1908 w a s giv e n
a t le n gth In V . 88, p. 742, 760. See also ed itorial, p. 718.
Com bined R esults O F A L L I E D L I N E S .
(C om p are V . 88, p. 818, 794.)
Y r . end. D ec. 31—
1908.
1907.
1906.
1905.
M ile s o p e r a t e d ........
12,283
12,282
12,159
12,028
G ro ss e a r n in g s $ 214,714,599
$241,456,945 $225,591,500 $206,728,132
T o ta l net in com e . . . 70,596,387
72,821,957
68,329,446
61,324,129
F ir s t C harges. 50,131,564
46,852,948
43,351,256
41,396,188
D i v i d e n d s ..... 18,291,860
23,426,023
18,009,178
15,419,279
S u r p l u s ............... . $2,172,963
$2,542,385
$6,969,012
$4,508,662
N o te .— T h e "n e t In com e” a s a b o v e Is sta te d after a d d in g to the o p e ratin g
expenses for the several years from $10,500,000 to $13,700,000 (In 1908
$4,189,936) for new equip, a n d co nstru ction , a n d a fter a d d in g to net earns
"o th e r In co m e ” a m o u n tin g to $10,764,012 In 1904 a n d risin g to $18,362,217
in 1907, b e in g $16,113,856 In 1908.
R E P O R T O F N E W Y O R K C E N T R A L & H U D S O N R IV E R R R .
1908.
1907.
1906.
1905.
M ile s o p e r a t e d ................
3,781
3,782
3,784
3,774
G ro ss e a r n in g s ............. $88,849,368 $98,369,060 $92,089,769 $86,095,602
N e t e a rn in g s.................. 23,430,283 22,565,726 25,827,813
24,594.851
O th e r In c o m e ................ 10,371,079 11,476,051
7,707,742
6,523,500
N e t In co m e ............... $33,801,362 $34,041,777 $33,535,551 $31 .118,351
In te re st on d e b t ..............$9,454,610
259,569 $8,214,520 $8 ,223,557
R e n t a ls leased lin e s____ 9,766,285
9 632,266
9,501,170
9 .508,499
T a x e s on s t o c k ------------599,751
764,010
1,011,557
1 .143,438
T a x e s on real e sta te ____ 3,483,135
2 511,070
2,924,594
2 .726,021
M is c e lla n e o u s _________
1,421,704
1 089,804
1,231,391
1 .236,081
R eserved for d ebentures
________
.
150,000
D i v id e n d s ............... ( 5 % ) 8 , 931.000(6)10 ,717,920(5 H ) 783288 5(5) 0 .612,500
I m p r o v ’t fu n d & e q u lp ’t
________
. ...........
2,800,000
1 .500.000




W here P a y a b le, and by
W hom

IN T E R E S T

M ile s
of
Road

&c

5 g
5 In 1909
5 In 1909
4 g
4 g
5 g
See text
See text
3H g
5
6
5
4

M

M &
S L ib e r t y N a t
Q - - M 30 C o ’s office,
M &
S L in c o ln N a t
F
& A
do
A
& O Secon d N a t
&
J L in c o ln N a t
J
&
J
J Secon d N a t

Bank N Y
New H aven
Bank, N Y
do
Bank, N II
Bank, N Y
Bank, N H

1 2000

1
1
1
1

1909 1 M
1921
1923
1923

P resid en t, W illia m C . B ro w n ; C h a ir m a n , C h a u n c e y M . D epew ; V ic e ­
Presid en ts; E . V . W . R o sslte r, A lfre d H . S m ith , J o h n C a rsten se n , C h a s.
F . D a l y a n d Ir a Place; T re as., E . L . R osslte r; Sec., D w ig h t W . P ard ee.
D ire cto rs (A p ril 1909), W . K . V a n d e rb ilt, F . W . V a n d e rb ilt, C. M . D ep ew ,
J. P le rp o n t M o r g a n , W illia m R ockefeller, H a m ilto n M c K . T w o m b ly , W i l ­
lia m H . N e w m a n , M a r v in H u g h lt t, W m . C. B ro w n , D . O. M ills , Geo. F .
B a k e r , G eorge S . B o w d o ln a n d J as. S t illm a n .— (V . 89, p. 411, 994.)
N E W Y O R K C E N TR A L LINES.—
T h e N e w Y o r k C e n tra l L in e s e q u ip m e n t tru st of 1907 ($30,000,000 t- tal
Issue) m atu re $2,000,000 y e a rly to N o v . 1922. T h e y w ill co ver engines,
p a sse n ger cars an d freigh t cars to be used b y v a r io u s lines of the sy ste m ,
w hich Join tly a n d se v e rally agree to p a y prln. & In t., the la rge r p art b ein g
for N . Y . C. an d L a k e S h . V . 85. p. 1402; V. 86, p. 168, 798, 800, 920, 1344;
V . 88, p. 761.
N E W Y O R K CHICAGO & ST. LOUIS R R . — (See M a p o f N ew Y ork C e n ­
tral & H udson R iv e r .)— O w n s from B u ffa lo , N . Y ., to Illin o is S ta te L in e , e x ­
cept 8 m. leased bet. D u n k ir k an d S liv e r Creek, le a v in g 494 m .; le a se s the
p ro p rie ta ry Hue, Ch ic. & S ta te L in e R R . , 111. S ta te line to G r a n d C r o s s in g ,
10 m .; a lso leases D u n k ir k to S ilv e r Creek, 8 m .; total, 512 m .; tra ck a g e In
B u ffalo , N . Y . . 1 H m ., a n d G r. C ro ss’g, Ch ic., 111. (L a k e Sh. R R . ) , 9 m .
S T O C K . — L a k e Sh o re & M ic h ig a n S o u th e rn o w n s $6,240,000 co m m o n ,
$6,275,000 2d preferred a n d $2,503,000 1st preferred sto c k. A f t e r 5 %
d iv id e n d s o n the $14,000,000 co m m o n stock, a ll classes of sto c k sh are alike.
D I V ’S . —
'94. ’95. ’96. ’07. '98. ’99. ’00. ’01. ’02 to ’08 ’07. ’08 ’09.
1st p f . ( M c h ) . 4
0
5
0
2
0
5
5
5 y e a rly
5
5
5
2d pref ( M c h ) ..............................................
2 3 y e a rly
4
5
5
B O N D S . — A m o u n t sin k , fu n d for first m tge . b o n d s $100,000 (so lo n g
a s the b o n d s co u ld be b o u g h t a t or below 102) decreased the a m o u n t o u t ­
s t a n d in g fro m $20,000,000 to $19,246,000. See m tge. a b stra ct, V . 45, p.
541. T h e $10,000,000 debenture 4s so ld for equ ipm en t, & c., w ill be secured
b y a n y new m tge.
E q u ip , tru st 5s, $48,000; 4 H s , $60,000.
V . 82. p. 693:
V . 86, p. 1344, 1590; V . 88, p. 565, 1062.
E A R N I N G S . — 8 m o s . , / 1 9 0 9 _______G ro ss, $6,381,602; net, $1,896,496
Jan. 1 to A u g . 31.
11908_______G ross,
5,957,564; net,
1,562,299
F o r 6 m os. e n d in g Ju n e 30 1909, net, $1,263,290, a g a in s t $1,115,181 In
1908; oth er In com e, $106,489; charges, $736,175; taxes, $144,901; ba l .
sur., $488,703.
R E P O R T . — R e p o r t for 1908 w a s In V . 86, p. 1057. P r in c ip a lly a fr e lg h t
line, fre igh t In 1908 c o n trib u tin g $7,939,037 o u t of $9,435,557.
Y ear end. D e c . 31—
1908.
1907.
1906.
1905.
G ro ss e a r n i n g s ............. $9,435,557 $10,465,671
$9,902,209 $9,108,730
O p e ra tin g ex pen ses-----7,359,968
7,173,227
7,227,581
6,753,607
A d d it io n s & bette rm en ts
.............
893,584
632,889
5 3 7 ,3 4 1
N e t e a r n in g s........... . $2,075,589
N e t (Incl. oth. incom e) $2,130,924
In te re st on b o n d s ..........
$974,115
E q u ip , tru st c h a rge s_
_
94,874
D lv . on first pref., 5 % . .
250,000
D iv id e n d on 2d p r e f .. .( 5 % ) 5 5 0 ,0 0 0
S in k , fu n d a n d m ls c e ll..
74,026
B a lan ce , s u r p lu s -------$187,909
$501,030
$397,702
$290,363
Pres., W m . I I . Cannlff.-— (V . 88, p. 506, 505, 1057. 1062.)
N E W Y O R K & G R E E N W O O D L A K E R Y . — (See M a p o f E r ie R R . ) —
O w n s from Jersey C it y , N . J ., to G reen w ood L a k e , 39 m ., a n d bran ches to
R In g w o o d , & c., 8 m .; W a tc h u n g R y . , Fo re st H i ll to O ra n ge , N . J . , 4 m ile s'
to ta l ow ned, 51 m iles. Sto c k , $100,000; par, $50.
L E A S E . — O n M a y 1 1896 w as leased to the E r ic R R . for 999 years from
M a y 1 1896. P r io r lien b o n d s are gu a ran teed , p rin cip a l a n d Interest, b y
E rie . See V . 63, p. 513; fo rm of g u a r a n ty , V . 65, p. 463.
N EW Y O R K & H A R L E M R R. — (See N . Y . Cent & H u d . R i v . R R . ) —
O w n s N . Y . C it y to C h a t h a m , N . Y . , 136 m . A ls o ow n s 4th A v o . S t. R R .
L E A S E . — T h e p ro p e rty (except the street railroad ) w a s leased A p r il 1
1873 for 401 y ea rs to the N . Y . Cent. & H u d . R l v . R R . for Interest o n b on d s
a n d d iv id e n d s a t rate of 8 % ye a rly , since Increased to 1 0 % th ro u gh refundin g o t bon d s, p a ya b le J an . a n d J u ly .
V . 70, p. 740, 1049; V . 71, p. 29, 1220;
V . 84, p. 159. T h e street ra ilw a y w a s leased In J u ly 1896 to M e t. Street
R y . Co. for 999 yrs.; ren tal Is $400,000 y e a r ly , equ al to 4 % per an . on stock,
p a id A p r . a n d O ct. to O ct. 1908. I n A p r . a n d O ct. 1909 no d isb u rse m e n ts
were m ade, sp e cial fran ch ise tax es assessed a g a in s t the street ra ilw a y c o m ­
p a n y a m o u n tin g to o v e r $800,000 b e in g In litiga tio n , for w hich no p ro v isio n
ha s been m ad e in case th e y are held v a lid .
V . 62, p. 1088- V 88 d 749
— (V . 84, p. 159; V . 88. p .7 4 9 .)
N E W Y O R K L A C K A W A N N A & W E S TE R N R Y . — B in g h a m to n to B u f ­
falo a n d In te rn a t. b r id g e a n d branches, 214 m .. of w hich the m ain line, 213
m .. Is dou b le track ; D . L . & W . has a lease fo r d u ra tio n of ch a rter fro m O c t
1882, g iv in g a g u a r a n t y of the b on d s a n d 5 % y e a rly o n the stock. See form
of g u a r a n t y of term in al b on d s In V 67, p. 1357; see also V 68. n. 283
N E W Y O R K & LONG BRANCH R R — P e rth A m b o y to B a y H e a d , N. J..
38 m iles. O p e rated u nder a n agreem en t m ad e In 1888 for a period of 99
years w ith P e n n . R R . a n d C ent. R R . of N . J., w hich Join tly a n d se v e rally
gu a ran te e In tere st a n d 7 % on the $2,000,000 stock, a ll ow ned b y C e n tra l
R R . of N . J. O f the b o n d s $192,000 a rc 5s.— (V . 72, p. 438.)
N E W Y O R K N E W H A V E N & HAR TF OR D R R. — C o v e rs S o u th e rn N e w
E n g la n d a n d the o n ly direct routes between N e w Y o r k a n d B o sto n .
L in es Owned in F e e —
M ile s .
Leased (part Owned) —
M ite s .
J u n c tio n near N . Y . C it y to
O ld C o lo n y R R . (w hich s e e ) . . . 619
Sp rin gfie ld , M a s s . . ..................122
L in es L eased — •
B o sto n , M a ss., to H o p e w e ll Jet.,
P ro v id e n ce a n d W o rc e ste r_____
48
N . Y .........................................214 N o rw . & W o rcester (w hich s e c ).
72
L in es to P rovide n ce. P ittsfie ld ,
O th e r lin e s ------------------ ---------. . 319
L itc h fie ld , & o _______________ 428 T r a c k to N . Y . C It y ,& c . (V . 8 8 ,p . 5 3 ) 44
Leased and C ontrolled—
L in e s to T u r n e r ’s F a lls, & o ______ 180,
T o ta l operated J u ly 1909 (107 m , ha s fo u r a n d 777 m . tw o track s) -

F o r e x p la n a tio n o f c o lu m n h e a d in g s , A c .
o n fir s t p a g e o f ta b les

IN T E R E S T OR D I V I D E N D S
M ile s

of

Road

Date
of
Bonds

■ N Y N e w H a v & H — ( C o n ) — D eb en tu res not c o n v e rt.
D e b e n tu re s 145.000,000 fran cs ($29,000,000) — - - ­
D e b e n tu re s $59,029,600 g o ld co nv (t e x t )........c * & r
62
N Y P r o v & B o sto n gen M (now 1st) g a s s u m .. - c & r
49
Sh o re L in e 1st M N e w H a v e n to N e w L o n d o n a ssu m
90
H o u s a t o n lc old co nsolid ate d m o rtg age (a s s u m e d )-90
N e w consol M ($5,000,000) go ld (a s s u m e d ) .- F .c *
359
N E n g cons (now 1st) M $7.500,000 5s g g u
M a ,c *
N Y & N E B o sto n T e rm 1st M $1,500,000. A B . c & r
'is
N e w H a v e n & D e rb y consolid ate d m o r tg a g e ------ c
28
P ro v id e n ce & S p rin gfie ld 1st M gold a s s u m e d . . . . c *
36
D a n b u r y & N o rw a lk co ns M ($100,000 are 6s) — c
36
G e n m tge D a n b u ry , Conn, to W ils o n P t & o . - . c '
36
F ir s t ref m tge ( V 82, p 210) go ld assum ed--c*<Scr
1
2
H a rle m H lv & P o rt 2d (now 1st) see t e x t - . - F . c & r
1
2
H a r le m R l v & P o rt 1st M go ld $ 1 5 .0 0 0 ,0 0 0 -U s.c* & r
9
W o o n so c k e t & P a s c o a g first m tge go ld a s s u m e d -- - 61
N a u g a tu c k first m o rtg age go ld a ssu m e d ........c * & r
D e b e n tu re s..........................................- .......... - ­
B o sto n & N Y A ir L in e new M $5,000,000(assum ed)
P ro vid e n ce T e rm 1st M $7,500,000 g a s s u m e d .c ’ & r
C o n so lid a te d B y d eb en tu res..........................- - - - ­
P ro v id e n ce Sec Co deben $19,910,000 g gu p & 1 --*
N e w E n g I n v & S pf stk 4 % cu m $10,000,000 re d l0 5
S p rin g fie ld R y 4 % cu m prcf stk red 105 g u a r ..........
C o n n R y & L t g 1st & ref M $15,000,000 g s f - . T a . c *
R o x b u r y Ce ntral W h a r f first m o rtg age g o ld n o t e s..
B o n d s of electric ro a d s m erged (54,798,000 are 5s)
O th e r b d s of elec rds leased or c o n tr(S e e " E lR y S e c
B o n d s of ste a m sh ip , & c, co m p a n ie s co n tro lle d -----R o n d s o f L e a d in g P r o p r ie ta r y , A c . , L in e s
28
N i l & N o rth . N o rth e rn E x te n sio n b o n d s ..........c*
R e fu n d in g m o rtg age $10,000,090 g u a r p rln & n t.
‘ 16
Iio ly o k e & W M $260,000 a u t h ( V 87 p 544) g u . c *
O ld C o lo n y — Sec th a t co m p a n y.
51
P ro v id e n c e A W o rc e ste r first m o rtg a ge c u rre n c y —
N e w Y o r k O n ta rio & W e ste rn — C o m m o n stoc k - - - - ­
R e f u n d in g (first) m tge $20,000,000 g o ld — Ale.c* A r T e x t
G e n m o rtg a ge $12,000,000 g o ld red 110 (see text) -N

S iz e , or
Par
V a lu e

1881
1906
1891

1308, 1424; V . 8 5 , p . 859; V . 89 , p.

1892
1905

594.

I n D e c. 1906 Consol. R y . leased C o n n . R y . & L t g . Co ., o p e ratin g 193
m iles. (V . 83, p. 1525; V . 84, p. 508.)
A ls o In D ec. 1906 acqu ired control
o f the R h o d e Is l. Sec. C o ., c o n tro llin g the street r a ilw a y s (311 m iles).

sto c k (total o u t st a n d in g $8,000,000) w a s acqu ired on the b a sis of 8 sh ares
for 5 sh ares of N e w H a v e n stock. V . 89, p. 105. . I n M a y 1908 the Su_-

en d orse m e n t upon the sh ares of the Sp rin gfie ld R y . C o m p a n ie s a n d the N e w
E n g la n d In v e st m e n t & S e c u r ity C o .” Se e " E le c t r ic R a i lw a y ” Section a n d
V . 89, p. 839.
O n June 30 1907 there were o u tsta n d in g b o n d s of electric road s leased
o r controlled, o th e r th a n o f P ro v id e n ce Secu rities a n d C o n n . R y . 8 L tg . Co.,
sh o w n In table a bove, a g g r e g a tin g $24,729,700, an d b on d s of ste a m sh ip
Sec., co m p a n ie s controlled , a g g r e g a t in g $2,883,000. N o details giv e n In
later report.
,
O w n s p ra c tic a lly a ll the sto c k of the N . Y . W e stc h e ste r A B o sto n a n d
N . Y . A P o rt Ch ester ra ilro a d s, projected electric ro a d s between 177th S t.,
N . Y . , a n d M t . V e rn o n , & c., o rig in a l co n tro llin g In tere st b e in g acq u ired for
$11,762,483. V . 85, p. 1143; V . 86, p. 108, 169; V . 87, p. 415, 480, 870;
V . 87, p. 1420, 1421; V . 88, p. 507, 625.
S T O C K . — A u th o riz e d Issu e u n lim ite d .
O u t s t a n d in g O ct. 1909, $100,-

_

0 ° T lie < c kh o ld e rs were to v o te O ct. 27 1909 o n a u th o r iz in g the issu e of
sto
$40 000 000 new sto c k In ord e r to p ro v id e fo r $9,200,000 b o n d s a n d notes
m a t u r in g betw een Jan . 9 a n d O c t. 1 1910, a n d a d d itio n s a n d im p ro v e m e n ts.
S to c k h o ld e rs a n d co n v e rtib le d eben tu re holders w ill be ottered the r ig h t to
su b s c rib e fo r the new sto c k pro ra ta to the e x te n t of o n e-fo u rth of their
h o ld in g s a t 125, p a y a b le In fo u r equal In sta llm e n ts a t In te rv a ls of six m on th s.
V . 89, p. 779, 839, 847, 919.
D I V I D E N D S . — 1 1873-1893.
1804.
1895 to Se p t. *09 (In c lu siv e ).
P e r c e n t .................J 10 y e a rly .
9
8 ( 2 % q u a rte rly ).
B O N D S . — H a rle m R iv e r A P o rtc h e stc r D lv . 4s o f 1904 ($15,000,000
Issued) are su b je ct to 4s duo 1911, b u t cash h as been deposited to co ver
p rin c ip a l a n d In tere st of la tte r to m a tu r ity . V . 85, p. 1143.
In A p ril 1908 so ld o r co n tra cted to sell $2,000,000 sh o rt-te rm n otes a n d
$9,000,000 tre asu ry b o n d s (In c lu d in g, It Is u n d e rsto o d , $4,000,000 H a rle m
R iv e r A P o r t Chester, $3,000,000 N e w H a v e n & N o r th a m p to n a n d $2,000,­
000 of B o sto n A N e w Y o r k A ir Line) In order to p a y o il between $11,000,000
a n d $12,000,000 se cu rities m a t u r in g to Jan . 1 1910, In c lu d in g $8,320,000
2-year notes due In fall o f 1908. V . 86, p. 1101, 1225; V . 87, p. 870.
U n d e r lease “ a ssu m e d ” d ebt o f O ld C o lo n y .
O utstanding D ebentures Issued A A ssu m ed by the C o m p a n y as o f J u n e 30 1909.
O utstanding. M a tu r ity .
O utstanding. M a tu r ity .
3-year 4J4 % _ $2,000,000 M a y s ’l l
Convertible D ebentures—
100,000 Feb .
2’10
3 H % 1906 ..$ 3 0,000 ,0 00 J a n . 1’56 1 -y car 4 %
N on -convertible—
1-y e ar 4 %
5,150,000 M c h . 18'10
4%
1904____ 5,000,000 F eb . 1’14
D eben tures A ssu m ed —
4%
1897....... 5,000,000 M c h . 1’47 N a u g a tu c k R R .
------- -----234,000 O ct. 1’30
3 4 % 1 9 0 1 .-- 5,000,000 M c h . 1’47
3H% 1002
3 'w % 1 9 0 4 .-.1 0 ,0 0 0 ,0 0 0 A p r il 1’54 H a r t f ’d S t. R y .
145.000 J an . 1*30
4%
1905____ 15,000,000 J u ly 1'55
4
“N " .
165.000 J an . 1’30
4%
1906____ 15,000,000 M a y 1’56
4 % “M ” ...
C o n s . R y . ( s c e V . 8 4 , p . ll 14)—
N otes, A c ., D ated 1907 to 1909—
4%
1 9 0 4 .. . 4,354,000 J u ly 1’54
3 -y e ar 5 % ___ 3,500,000 J an . 9’10
1 9 0 5 -- - 2,350,000 Jan . 1’55
3ye a r 5 % - - - - 50,000 J a n .1 0 ’10 4 %
4%
1 9 0 5 -. - 1,341,000 A p r il 1’55
4y c a r 5 % 1,350,000
J an . 9*11
4%
1 9 0 6 -- - 2,108,000 J a n . 1’56
5year 5 % - . - - 300,000
J a n . 1*12
3 -3 J 4 -4 % '05 1,000,000 F e b . 1’30
5-y e ar 5 % - - - - 6,400,000 J an . 9 ’12
E u ro p e a n 4 % 27.985,000 A p r il l ’22\
Sto c k h o ld e rs of record D e c. 31 1905 su b scrib e d a t pa r, p a ya b le In In s t a ll­
m en ts to A p r il 1 1908. for $29,097,300 of 3 ^ % co u p on debenture ccrtfs.
co n ve rtib le a t a p a r of $150 for $100 sto c k betw een J an . 1 1911 a n d Jan . 1
1916 the proceeds to be used for Im p ro v e m e n ts a u th o riz e d a n d co n te m ­
p late d a n d the p urch ase of o u t s t a n d in g secu rities of co n trolled roads. V . 81,
p. 076, 1039, 1493; V . 84, p. 103, 694.
.




%

700.000
5
1,000
2.400.000
4
4
200.000
1,000
1,000 1.500.000
100 58,113,982 See text
0004 g
1,000 A c 20.000.
4 g
1,000 3.948.000

91 In O c t. 1904 $29,160,000 of the $58,118,982 N . Y . O n t. & W e st. com .
sto c k w as a cq u ire d a t $15 per $100 sh are a n d $2,200 of the $4.000 pref.,
g iv in g access to a n th ra cite m ines.
V . 79, p. 2086, 264..; V . 80, p. 1363.
E a r ly in 1904 acquired a m a jo r ity of sto c k a n d Incom e b o n d s of Cent. N e w
E n g la n d R y ., w iden see; V . 84, p. 1488; V . 85, p. 100, 858; V . 89, p. 594.
I n O c t. 1900 acqu ired co ntrol of H a r tfo r d A N e w Y o r k T r a n s. C o .,
w hich ab so rb e d the U . S . T r a n sp o r ta tio n Co.
In M a rc h 1907 p u rch ase d
on e -h a lf of the sto c k of the M e r c h a n t s’ & M in e rs' T ra n sp o r ta tio n Co .,
w hich acq u ired the B o sto n & P h ila d e lp h ia S. S. Co.
V . 83. p. 800: V . 84,
p. 221, 271, 391, 571, 026, 749; V . 85, p. 858; V . 86, p. 721; V . 88, p. 1002.
E lectric R ailw ays — M a y 31 1907 the C o n so lid a te d R y . , a co n solid a tio n of
va rio u s co ntrolled electric ra ilw a y s, clilelly In Co nn e cticu t, a g g re g a tin g
a b o u t 770 m iles of tra ck , p u rch ase d the p ro p e rty of the N e w E n g la n d
N a v ig a tio n C o ., o w n in g the F a ll R iv e r a n d other ste a m sh ip lines; Its ca p ita l
sto c k a s then Increased from $10,000,000 to $30,000,000, w as ex ch a n ged
b y the N . Y . N . I I . & H . R R . , a s o w n e r thereof, for Its ow n stock. V . 84,
1114, 1242,

Rate

W hen
P a yable

W here P a y a b le, and by
W hom

L in c o ln N a t B a n k , N Y
1906
4
M &
$15,000,000
P a r is, L o n d o n , & c
A A
1907 500 f r s A c 27.985.000
4
1908
100 A c 38,5*5,400
J A J
6 g
N e w H a v e n S a v in g s B k
1892
1,000 1,000,000
A
A
4 g
N a t N H B k , New Haven
000 A c
1880
200,000
4,4 M A
New H aven , Conn
500 & c
1880
A
A
4
100,000
1887
F a r m e r s’ L & T r C o , N Y
1,000 2.839.000
5 g
Sa fe D e p & T r Co, B o st o n
1,000 17.500.000 4 g & 5 g
1895
C o u p , office; reg. m aile d
1889
1,000 1.500.000
4
New H aven , Conn
1888
1,000
M
&
5
575.000
L in c o ln N a t B a n k , N Y
1,000
1892
A
750.000
5 g
New H aven , Conn
1,000
&
1880
5 & 6
500.000
1883
do
do
A
1,000
5
150.000
do
do
1005
350.000
4 g
C h e m ica l N a t B a n k . N Y
1881
1,000
221.000
4
1904 1.000 A c 15.000.
New Y o rk
000 4 g
M &
R I H o sp T ru st Co. P ro v
1890
1,000
100,000
A
&
5
New H aven , Conn
1904 1.000 A c
2.500.000
4 g
Tre as, N e w H a v e n , C o n n
1902
234.000
34
Secon d N a t B a n k , N u
1905
1,000 3.777.000
F
&
4 g
do
do
1906 1,000 A c
M A
4.000. 000
4 g
See tex t
1,000 19.899.000
1007
M & N New Y o rk & N e w H a ve n
4 g
100 4.000.
000
J
&
J
4
100 3,387,950
4
J
&
J
1,000 12,491 .378
&
J T r u s t Co o f A m e r , N Y
44 g J
290.000
5 g
M & S
9.170.000 4. 4 4 . 5 V a r io u s
Var
4 to 6
See text
V a r io u s
Var
Sec text 4 4 . 5 & 0 V a r io u s
Var

I n A p r il 1908 N e w E n g la n d R R . w as m erged. V . 86, p. 1043. 1‘•25I n O ct. 1909 the B o s t o n R a ilr o a d H o ld in g Co. (w hich see), In co rp o ra te d
I n M a ssa c h u s e tts In Ju n e 1909, to o k o v e r the $10,994,800 B o sto n & M a in e
c o m m o n sto c k fo rm e rly ow n e d b y the N e w H a v e n road, a n d In O ct. 1909
w a s a r r a n g in g to p u rch ase $1,575,500 a d d it io n a l co m m on an d $.)82,600
preferred s t o c k , m a k in g a to ta l of $12,570,300 com . o u t of $ 2 8 ,2 7 1 ,790 a n d
a582,600 o u t o f $3,149,800 pref. o u tsta n d in g . A d d it io n a l B . & M . sto c k
su ffic ie n t p ro b a b ly to m a k e a m a jo r ity In all Is ow ned b y the sam e In tere sts.
T h e N e w H a v e n co m p a n y ha s a c q u ire d a ll the sto c k a n d b o n d s of the H o l d ­
in g C o ., th u s h a v in g in d ire ct control of the B . A M ., a n d m a y gu a ra n te e
th e se cu ritie s of the h o ld in g c o m p a n y .
V . 88, p. 1621; V . 89, p. 103; 839,

p. 1 0 5 2 ,

A m oun t
O utstand ing

A
J
A

&
&
&

B o n d s— P r in c i ­
p a l., W hen D u e
S tocks— Last
D ividend
M a y 1 1956
A p r 1 1922
J a n 15 1948
A p r 1 1942
M c h 1 1910
A p r 1 1910
N o v 1 1937
J u ly 1 1945
A p r 1 1939
M a y 1 1918
J u ly 1 1922
J u ly 1 1920
A p r 1 1925
J u n e 1 1955
J u n e 1 1911
M a y 1 1954
O c t 1 1910
M a y 1 1954
O c t 1 1930
A u g 1 1955
M c h 1 1956
May
J u ly
J u ly
Jan
Se p t
1912
1914
1912

1 1957
1909 2 %
'09, 2 %
1 1951
1 1912
to 1951
to 1932
to 1934

O T re as, N e w H a v e n , C o n n A p r 1 1911
D
J u n e 1 1956
do
do
A p r 1 1 91 1
do
do
O

A
& O R I H o sp & T r Co, P ro v
See text C h e ck s m aile d
M A S O ffice, 56 B e a v e r S t , N Y
J
& D
do
do

Oct
Aug
Ju n e
June

1
9
1
1

1947
1909 2 %
1992
1955

In F e b . 1907 145,000,000 fran cs ($29,000,000) 4 % 15-year deben tures
.tlth a fixed rate In m a r k s a n d £ were so ld .
V . 84, p. 391. 450, 508, 804,
931.
P ro v id e n ce T e rm in a l Co. b o n d s ($7,500,000 a u th o riz e d ), see V . 82,
p 929, 629. 693, 1213, 1323; V . 83, p. 96, 819.
S to c k h o ld e rs In D ec. 1907 su b scrib e d pro r a ta for $38,585,400 6 %
40-year debens. a t par, co nve rtib le In to sto c k a fter J a n . 15 1923 a t par.
T h e debentures are to be secured b y a n y m tge . hereafter created co ve rin g
the m ala lines between W o o d la w n , N . Y . C it y , a n d Sp rin gfie ld , M a ss., or
N e w H a v e n , C o n n , a n d P rovide n ce, R . I . V . 85, p. 1270, 1339,1402, 1647.
E A R N I N G S . — 2 m os., 1 1 9 0 9 ........ G ro ss, $10,197,988; net, $4,148,531
J u ly 1 to A u g . 31.
J 1908_____ G ro ss,
8,929,955; n et, 3,048,397
A N N U A L R E P O R T . — R e p o r t fo r 1908-09 In V . 89. p. 838. O w in g to
ch a n ge s In a c c o u n tin g , co m p a riso n s w ith tw o earlier yearn are in accurate.
Year end. .June 30—
1909.
1908.
1907.
1906.
M ile s o p e ra te d _________
2,044
2,047
2,000
2,057
P a s se n g e r e a r n in g s_____ $26,323,469 $26,279,301 $26,758,929 $25,252,124
25,281,435 28,386,704 27,247,118
F re ig h t e a r n in g s_______ 26,595,970
M is c e lla n e o u s __________
1,428,192
1,489,411
456,303
485,080
G ro ss e a r n in g s . ......... .$53,347,631
N e t e a r n in g s ___________ $18,207,324
N e t earns, street r y s ___
3,644,315
N e t earns. S S . lin e s ____
1,214,307
N e t o u tsid e o p e r a t io n s ..
O th e r In c o m e _________
4,593,489

$53,050,147 $55,601,936 $52,984,322
$14,836,590 $17,751,855 $17,761,736
2,745,758
3,615,900
________
498,674
635,127
------------/ 1,212,089
------------------------\ 3,862,151
2,077,874
2,175,757

T o t a l net in c o m e ___ $27,719,435 $23,155,262 $24,080,756 $19,937,493
$7,556,045 $5,732,743
In te r e st on bon d s, & c . .$10,424,932
$3,005,793
5,604,846
3,935,594
R e n t a ls of le ased lin e s . .
3,956,294 4,581,182
2,810,729
3,592,236
T a x e s ________________
3,446,126
3,338,306
O th . ren ts. & gu a r. d lv .
1,978,281 1,784,299
460,430
628,861
H ir e of e q u ip m e n t_____
6,904,988
6,467,092
D iv id e n d s ( 8 % ) _______
7,883,842
7,783,262
_______
3,000,000
________
________
Im p r o v ’ts A b e tte rm ’ts.
326,998
257,889
M is c e lla n e o u s _________
23,143
-----------B a la n c e , s u r p lu s d ef.$453,613def.$2,516,693
$1,988,054
$391,287
O F F I C E R S . — P res., C h a s. S . M e llcn , N e w H a v e n ; Sec., J o h n G . P a rk e r;
T re as., A u g u s t u s S. M a y , N e w H a v e n , C o n n .
D ire c to rs.— W illia m S k in n e r, H o ly o k e , M a ss.; J as. S. E lt o n , W a te r b u r y ,
C o nn .; C h a s. S . M e llcn , N e w H a v e n , C o n n .; J. P le rp o n t M o r g a n , W illia m
Rockefeller, H . M c K . T w o m b ly , G eorge M c C . M ille r, L e w is C a ss L e d y a rd .
Ch arles M . P r a t t, N e w Y o r k ; D . N e w to n B a rn e y , F a r m in g t o n , C o n n .;
A m o r y A . Law ren ce, N a th a n ie l T h a y e r a n d A le x a n d e r C o ch ra n e, B o sto n ;
R . W . T a f t , P rovide n ce; C. F . B ro o k e r, A n so n la , C o nn .; I . D e V . W a rn e r,
B rid ge p o rt; Jam e s M cC re a, P h ila d e lp h ia , P a .: Jam e s S . H e m in g w a y , G e o .
J. B ru s h , F re d k . F . B re w ste r, A . H e a t o n R o b e rtso n , N e w H a v e n ; E d w in
M iln e r, M o o su p , C o nn .; J o h n H . W h ltte m o r e , N a u g a tu c k , C o nn .; H e n r y K .
M c H a r g , S ta m fo rd , C o n n .— (V . 89, p. 847, 919, 994.)
NEW YORK ONTARIO & WESTERN RY.—O pe rates fro m W e e h aw k e n ,
o p p o site N . Y . C it y , to O sw e go , o n L a k e O n tario ;
R oad C ontrolled, A c .—
M ile s .
R oad Owned—
M ile s .
4
O sw ego to C o rn w a ll, N . Y ----------- 272 P e c k sp o rt, C o n n , (le a se d )-----------C a rb . & S. (leased),
B r a n c h to N e w B e r lin ------------------ 22 O n ta rio
C a d o sla , N . Y . , to S c ra n to n , P a . 54
do
to D e lh i___________
17
do
to E lle n v ll le ___________
8 R o m e A C lin to n (le a se d )________ *13
U tic a C lin to n & B in g , (le a se d )_ *31
_
7
T o ta l o w n e d _________________ 319 W h a r t o n V a lle y (o w n e d )________
E lle n sv llle & K in g s t o n (le a s e d )-- 27
T rackage (tU12079) W .S h o r e R R . :
C ’n w a ll to W ’ken ( V .6 1 ,p .4 2 5 ). 53 P o r t J e rv is M o n t . & S u m m ltv llle
(o w n ed a n d le a se d )------------------- 38
* See th is c o m p a n y .
_

R A IL R O A D S

T o ta l operated J u ly 1 19 09----------------------------------------------- ■ - ------ - - . . 5 4 6
E x te n sio n of C a p o u sc b ra n ch from S c ra n to n to a conn e ction w ith th e
L e h ig h V a lle y R R . , 4.6 m iles, w a s au th o riz ed In 1909.
C O N T R O L . — I n O c t. 1904 N . Y . N . H . & H . R R . a cq u ire d $29,160,000
co m . sto c k a t $45 per sh are a n d $2,200 o f the $4,000 pref. V . 79, p. 2086,
2643; V . 80, p. 1363, 2458; V . 81, p. 1044.
S T O C K . — S t o c k Is $58,117,982 (par, $1 0 0 ), o f w h ic h $4,000 Is o ld pref.
D I V I D E N D S . — C o m ., J an . ’05. 3 % ; J u ly . 1 K % ; ’06 to ’0 9 , 2 % each.
B O N D S , A c . — R efu n d in g m tge. to r $20,000,000 covers 319 m iles o f ro a d
ow n e d, a ll the securities of the O n t. C a rb . & S c ra n . R y . , 54 m iles, a n d a ll
afte r-a cq u ire d p ro p e rty .
V . 72, p. 87; V . 78, p. 2012; V . 80. p . 651.
T h e sto c k h o ld e rs v o te d o n N o v . 7 1904 to a u tho rize a new m tge . for $12,­
000,000 to p ro v id e fu n d s fo r ca p ita l requ irem en ts, u n d e r w h ic h $3,948,000
have been Issu e d a n d the rem ain d er w ill be reserved fo r fu tu re needs. A
3 % d iv id e n d (c a llin g for a b o u t $1,740,000) w a s p a id on the co m . sto c k
In J an . 1905, v e s tin g In the sh areh old ers d ire ctly the r ig h t to elect the en ­
tire b o a rd of d irectors. V . 79, p. 977 to 980, 1332, 1462; V . 80, p. 872.
I n June 1907 p erm ission w a s gra n te d to Issue $1,948,000 a d d itio n a l b o n d s
for a d d itio n s, Im p ro v e m e n ts a n d e q u ip m e n t, of w h ic h $1,748,000 were so ld .
V . 84, p. 1488
E a r ly In the cale n d a r ye a r 1899 the coal prope rties a t S c r a n to n ,P a ., of the
L a c k . Ir o n & Steel Co. (the c a p a c ity o f the collieries then open b e in g a b o u t
700.000 to n s per a n n u m ) were p u rch ase d b y the S c ra n to n C o a l C o ., aid ed
b y lo an s from the N . Y . O . & W . , the la tte r Issu in g Its $2,500,000 5 % notes
(reduced to $450,000 Feb. 1 1909), e x te n d in g o v e r a period of years, se­
cured b y first m tge . o n the coal p ro p e rty , a n d lo a n in g $1,475,000 (of w h ic h
$305,000 ha s been repaid) secured b y a 2d m tge ., the O . & W . o b t a in in g co n ­
tract for entire ton n age . V . 68, p. 41, 429; V . 69, p. 604, 646; V . 81, p. 1792.
I n N o v . 1900 e igh t In de pen d en t a n th ra cite properties w ith a m a x im u m
o u tp u t of 2,000,000 to n s a n n u a lly were m erged as the E l k H i ll C o al & Ir o n
Co ., the N . Y . O . & W . Issu in g Its $3,500,000 5 % s. f. first lien g o ld notes
secured b y the C o a l & Ir o n C o .’s 1st m tge ., these notes m a t u r in g $75,000
each 6 raos., b e g in n in g Ju n e 1 ’01, to Ju n e 1 ’l l , a n d thereafter $200,000
se m i-a n n u a lly to D ec. 1 ’15. T h e notes are secured pari p assu w ith the b o n d s
Issu e d u n d e r the gen. m tge . of 1905. T h e E l k H i ll C o . also m ad e a 2d m tge .
to the N . Y . O . A W . for $2,400,000 a t 5 % . V . 71, p. 1270; V . 73, p. 501.

R A IL R O A D S
F o r e xp la n a tion o f colu m n headings, & c ., see notes
on first page o f tables

M ile s
of
Road

D ate
of
B on ds

N e w Y o r k O n ta rio & W e ste rn — (Concluded) —
G o ld n otes secured b y first m tge S c r a n to n C o a l C o . .
1899
d o g o ld sec b y 1st M o n E H C & I due s - a ____c*
1900
N e w Y o rk & O t t a w a — F ir s t m o rtg a ge J2.500.000 g . Q
128 1905
N e w Y o r k P h ila d e lp h ia & N o r fo lk — S to c k $2.500,000F ir s t m tge J3.000.000 g ( V 68, p 773, 9 7 8 ) . . . F P . c *
112 1899
In c o m e m tge g n o n -cu m regls ( V 68, p 9 7 8 )____F P
112 1899
N e w Y o rk & P u t n a m — N Y & N o r th 1st M g o ld ____c
57 1887
N Y & P u t co n s {6,200,000 g g u a r p & l(en d ) - U n .c
57 1894
12 1887
N Y & R o c k a w a y B e a c h — 1st M 51,000,000 g g u . C e . c
Se c o n d m tge In com e b o n d s n o n -c u m u la tiv e ____Ce.r
12 1887
1907
N Y Sh o rt L in e — 1st M 51,500,000 g g u p & I . -P e P .x c *
9K
72 1880
N Y S u s q & W e s te rn — M id la n d R R 1st M g o ld -. C e .c *
P a te rso n E x t e n R R 1st M real estate s t g o ld ____c*
1 1881
N e w Y o r k S u s q u e h a n n a & W e ste rn first m o r tg a g e . .
127 1887
F ir s t m o rtg a g e re fu n d in g g o ld _____ _______ Ce.c*
127 1887
Se c on d M (51,000,000 gold ) 3d M o n 72 m . - C e . c *
G en eral m o rtg a g e for 53,000,000 g o ld ........ Ce.c*
127 1890
T e rm in a l first m tge fo r 52,000,000 g o ld ____U s . c * & r
...
1893
A llied c om p a n ies—
W ilk e s - B & E ’n 1st M g gu p & 1 ( V 60, p 481) - G . c *
65 1892
3 1885
P a s s a ic & N e w Y o r k first m tge (999 y ears r e n t a l) . .
M a c o p ln R R first m tg e (b ra n ch to M a c o p ln L a k e ) . .
2 1896
N Y S u s q & W C o a l C o 1st M red a t 110 sin k f d - . c *
1887
N Y & W ilk e s-B a rre C o a l Co first m o r tg a g e ----------N
1893
N e w Y o r k T e x a s & M e x ic o — See G a lv e sto n H a r r is b u r g & S a n A n t o n
N e w p o rt & C in c in n a ti B r id g e — See L o u is v ille & N a s h vllle.
N ia g a r a J u n ctio n R y — F irst M 5650,000 g o ld . . Ale.c
Text
1902
N o rfo lk & P o r ts m o u th Be lt L in e — F irst m o r t g a g e .F P
6 1898
N o rfo lk & C a r o lin a — See A t la n t ic C o a st L in e R R .
223 1891
N o rfo lk & Sou th e rn 1st M 51,970,000 g ........... A lp c
F ir s t gen e ral m o rtg a g e g o ld redeem able a t 115_ G
_
223 1904
S u ffo lk & C a ro lin a first m o r t g a g e ........ .......... .........
1886
75 1902
S u ffo lk & C a ro lin a first co n s m tge g o ld red 1 1 0 . .. C *
R a le ig h & P a m lic o S o u n d first m o rtg a ge redeem 110
1904
_
_
C o lla te ra l t ru st notes 52,750,000 go ld red 102 y i -A la
1907
R e c e iv e rs’ certificates, 51,000,000, red p a r _______
1908
a A ls o 52,040,000 a d d itio n a l p led ged u n d er co lla t eral 6 % n ot

S iz e , or
Par
V a lu e
51.000
1,000
1,000 &c
50
1,000
1.000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000
1,000
1,000
1,000
1,000 &c

&
&
&
&
&
&
&
&

A
O
D
J
J
A
A
N

s

N e w Y o r k T r u s t Co, N Y
M o rto n T ru st Co, N Y
G r a n d C e n t S ta t io n , N Y
C h e ck s m aile d
26 S o u t h 15th S t, P h lla
C h e cks m aile d (see text)
G r a n d C e n t S t a t io n , N Y
do
do
U S M tg e & T r Co, N Y

Fe b ’ 10-Feb *11
D e c ’0 9 -D e o *15
J u ly 1 1955
M a y 3 1 1909 6 %
J a n 1 1939
J a n 1 1939
O c t 1 1927
O c t 1 1993
S e p t 1 1927
Se p t 1 1927
R e a d in g T e r m in a l, P h il Fe b 1 1957
O ffice, 50 C h u rc h S t
A p r 1 1910
do
do
Ju n e 1 1910
J u ly 1 1011
do
do
J a n 1 1937
do
do
F e b 1 1937
do
do
A u g 1 1940
M a y 1 1943
do
do

500

D
do
do
D
do
do
D
do
do
S
do
do
N V 75, p 1043; V 84, p 342

1,000
1,000

175.000
250.000

5 g
5

F
F

&
&

A M erca n tile T r u s t Co, N Y A u g 1 1922
A F id e lit y T r u s t C o , P h lla F e b 1 1938

5
5
6
5
5
6
6

M
J
A
J
J
M
J

&
&
&
&
&
&
&

N
J
O
J
J
N
D

to

es

1.655.000
1,000
1,000
0825.000
1,000
90.000
1,000
650.000
1,000
47.000
2,203,948
1,000
1,000
1,000,000
of 19 07.

52,031,771
52,484,988

883,358
190,086
283,506
1,162,302

862,667
202,201
232,529
1,162,296
525.205

N E W Y O R K P H I L A D E L P H I A & NOR FOL K R R .— I n J an . 1909 a ll b u t
57,250 of the 52,500,000 sto c k ha d accepted the offer of the P e n n s y lv a n ia
R R . to b u y the sto c k w ith 4 % 40-yr. tru st certfs., gu a r. p rln . a n d In t.
b y P e n n a . R R . o n b asis of 53,000 certfs. fo r 51,000 stock.
N E W Y O R K & PUTNAAl R R . — O w n s 155th S t. a n d 8th A v e ., N . Y .
C it y (te rm in u s M a n h a t t a n E le v a te d ), to Bre w sters, N . Y . , 54 m iles; d o u b le ­
tra c k b ra n ch to Y o n k e rs , 3 m iles; ope rates 2 m iles; to ta l, 50 m iles.
H I S T O R Y . — Su c ce sso r to the N . Y . & N o rth e rn , so ld u n d er foreclosure
of 2d m tge . Dec. 28 ’93. a n d p u rch ased fo r N . Y . Cent. & H u d . R l v . R R . ,
w h ic h o w n s 56,500,000 sto c k a n d leases the r o a d .— see V . 63, p. 754, 820,
1159; V . 81, p. 265. N . Y . C e n tra l gu a ran tees the co nsolid a te d m o r t­
g a ge b o n d s, o f w h ic h 51,000,000 were reserved fo r Im p ro v e m e n ts; a lso
51,200,000 to retire a t m a t u r ity the first 5s.— (V . 82, p. 272.)
N E W Y O R K & R O C K A W A Y BEACH R Y — O w n s G le n d a le Jet. to R o c k ­
a w a y P a r k , 10.67 m ., w ith bra n ch , 1.67 m .; to ta l, 12.34 m .; d ou b le -trac k.
S to c k , 51,000,000: par, 5100. Le a se d 50 years fro m J u ly 1 1904 b y L o n g
Is la n d R R . C o ., w hose en d orse m ’t Is p rin te d on first m tge . b on d s. O n J a n . l
1909 5101,000 firsts were ow ned b y L . l. R R . , together w ith 5967,0 >0 of
th e incom es. V . 83, p. 890. C al. y e a r 1908, gross, 5904,237; net, 5307,­
556; ch a rge s a n d tax es, 5197,958; b a l., su r., 5109,598.— (V . 83, p. 890.)
N E W Y O R K SHORT LINE R R .— O w n s a cu t-o ff fo r the R e a d in g Co.
between C h e lte n h a m a n d N e s h a m ln y F a lls, 9 K
m iles, opened M a y
1906. V . 79, p. 1038. T o be 4 -tra ck e d — 2 tra ck s la id a t present a n d on
2 m iles 3 track s.
L e a se d to P h lla . & R e a d in g R y . fo r 999 y ears fro m F e b . 1
1907. T h e 5250,000 sto c k Is ow n e d b y R e a d in g Co ., w h ic h gu a ran tees the
b o n d s, p rin c ip a l a n d Interest.— (V . 84, p. 1552; V . 87, p. 1421.)
N E W Y O R K SU SQ U E H A N N A & W E S T E R N RR .— (S ee E r ie M a p .) 8
Owned (in fee) or en tire stock, M ile s . |Susq. C o n n e ctin g R R ............... .
J ersey C it y to G ra v e l P L . P a ____101 (O th er b ra n c h e s.........................
24
(D o u b le tra c k 19 m iles.)
L in e s leased, A c .
B e a v e r L ak e , N . J ., to U n lo n v llle 21 (M id d le to w n U n . & W a t e r G a p * . . 14
W llk e sb a rre & E a s t e r n ___________65 | T r a c k a g e _______________________ 3
T o t a l ro a d op e rate d (*see th is co.) Ju n e 30 1909.....
236
S T O C K . — Pref., 513,000,000: com ., 513,000,000, o f w h ic h the E r ie ow n e d
Ju n e 30 1909 512,657,872 com . a n d 512,936,572 pref., of w h ic h 56,630,000
co m . a n d 56,630,000 pref. are d eposited u n d er Its P e n n sy lv a n ia coll. tr. M .
D iv id e n d s o n pref., N o v . 1891 to 1892, 2 H % y e a rly ; none since.
B O N D S . — G eneral 5s are reserved to retire 2d 4 14s. See a b stra ct, V . 52,
p. 84. T h e seconds are exchan geab le for generals on p a y m e n t of a n asse ssm ’t.
T erm in al b o n d s, see Issue of J an . 1898 a n d a b str a c t, V . 57, p. 512.
E A R N I N G S . — 2 m os., 11909................ G ro ss, 5485,742; net, 5119,542
J u ly 1 to A u g . 31.
/1 9 0 8 ................ G ro ss,
495,171; net,
142,115
R E P O R T . — F o r 1908-09, In “ C h ron icle ” a b t. O c t. 30 sh ow ed on 236 m .:
Y ear—
G ross.
N et.
Oth. I n c .
C harges.
B a lan ce.
1908-09 ____53.252.745 51.046,272 578,627 51.004,712 SUr.5120,187
1907-08 ___ 3,260,075
746,560
64,200
895,066 def. 84,306
— (V . 83, p. 272, 887; V . 85, p. 922, 1205; V . 87, p. 1297; V . 89, p. 1069.)




A
D
J
D
J
N
O
O

&
&
&
&
&

N E W Y O R K & O T T A W A R Y — T u p p e r L a k e , N . Y . , to O tta w a , C a n ..
128 m . In c lu d in g O t t a w a & N . Y . , w hose sto c k Is ow n ed. Su c ce sso r to
the N . Y . & O t t a w a R R . , a cqu ired b y the N . Y . Cent. & H u d . R l v . R R .
a t foreclosure sa le o n D e c. 22 1904, w h ic h leases the ro a d fro m F e b . 1 1905.
V . 79, p. 2796; V . 80, p. 223; V . 86, p. 286. S t o c k autho rized , 51,250,000.
I n J u n e 1905 a m o rtg a g e fo r 52,500,000 w a s m ade. V . 80, p. 2458; V . 81,
p. 265. F o r y e a r e n d in g Jun e 30 1907, gross, 5157,591; net, 528,802; o th e r
In com e, 51,019; charge s, 570,989; b al., def., 541,168.— (V . 86, p. 286.)

N IA G A R A J U N C T IO N R Y . — See page 1 7 1 .

&
&
&
&
&
&
&
&
&

B on d s— P r in c i­
p a l, W hen D u e
S tocks— Last
D ividend

J
M
M

52,558,015
53.011,732

..
5358,281
5492.480
5. p. 421; V . 87 , p. 341. 738.)

F
5450,000
5 g
J
5 g
2.225.000
J
1.456.000
2.500.000 12 i n ” 08 J
J
2.600.000
4 g
4
M
1,000,000
A
5 g
1,200,000
A
4 g
4.025.000
M
5 g
984.000
1,000,000 U p to 5
F
1.500.000
4 g
A
3.500.000
6 g
0 g
J
250.000
J
5,000
6 g
3.745.000
5 g
J
447.000
4H g F
F
2.552.000
5g
2,000,000
M
6 g

W here P a y a b le, and by
W hom

J
J

_

R e n t a ls p a id .

W hen
P a yable

6 g
6
5
6
6

B a la n c e , s u r p lu s ________________
5180,805
5358,281
D e c .5177,476
P re s., T h o s. P . F o w le r.— ( V 87, p. 341, 738: V . 89, p. 408, 776.)
A N N U A L R E P O R T . — R e p o r t fo r 1907-08 w a s g iv e n In V . 87, p. 738O w in g to new classific ation In 1907-08, co m p a riso n s w it h p re v io u s y e a r
are In accurate. C oal tra ffic In 1907-08, 3,214,124 ton s (out o f 5,580,715
ton s), a g a in s t 3,145,807 to n s In 1906-07.
Y ea r ending J u n e 30—
1908.
1906.
1007.
. . 58,121,494
58,202,361
57,265,058
-5,586,052
5,644,346
5,233,287
. . 52,534,542
. . 53,009,876
..
86,669
-.
058,531
...
165,912
278,171
-1,162,308

R ate
%

3,000,000
70.000
44.000
291.000
450.000

1,000
500
1,000

E A R N I N G S . — F o r 2 m o n th s e n d in g A u g 31:
2 M on th s— ■
G ross.
N et.
C harges.
B a l., S u r.
1909__________________ 51,718,423
5627,599
5193,930
5433,669
1908
1,673,643
678,864
182,703
496,161
A N N U A L R E P O R T . — R e p o r t fo r 1908-09 w a s g iv e n In V . 89, p. 776.
Coal tra ffic in 1908-09, 3,472,543 to n s (o u t of 5,731,588 to n s), a g a in s t
3,214,124 to n s in 1907-08.
Y e a r ending J u n e 30—
1908-09.
I n c . or D e c .
1907-08.
G ro ss e a rn in g s------------------58,290,170 58,121,494
In c . 5168,676
N e t e a rn in gs ove r t a x e s ______ 2,421,588
2,495,751
D ec . 74,153
T o t a l net In com e, incl. “ o th e r” 2,849,998
2,998,018
D e c . 148,020
In te re st on fu n d e d d e b t --------960,420
In c.
1,889
958,531
M isc e lla n e o u s In terest a n d d isc o u n t.
152,877
D e c . 13,035
165,912
I n c . 40,589
R e n t a ls a n d hire of e q u ip m e n t_____
393,574
352,985
In c.
14
D iv id e n d s ( 2 % ) _____________ 1,162,322
1,162,308

O u tsid e o p e ratio n s (n e t), & c .
In te re st o n fu n d e d d e b t --------

I N T E R E S T OR D I V I D E N D S
A m ou n t
O utstanding

g
g
g
g
g

M etropol. T r C o , N Y
G u a r a n t y T r u s t Co, N Y
J S G lt t ln g s & C o , B a lto
In te r n a tio n a l T r Co, B a lt
K n ic k e rb o c k e r T r C o , N Y
M a n h a t t a n T r u s t Co, N Y

Ju n e
Dec
Dec
M ch
NO V

M ay
J u ly
Apr
J u ly
Jan
Nov
See

1
1
1
1
1

1942
1910
1916
1912
1933

1 1941
1 1054
1 1011
1 1052
1034
1 1910
text

N O R F O L K & P O R T S M O U T H B E L T L I N E R R . — O w n s P o rt N o r fo lk to
B e rk le y , V a ., 5.8 m ile s,a n d S o u th e rn b ra n ch exten sion , 1.37 m .; o pe rates
u n d e r lease 1.85 m . S to c k , 550,400, In 5100 shares.
B o n d s, see tab le.
C a l. y e a r 1908, gross, 5135,654; net, 543,376; other inc., 517,325; in te rest
on b on d s, 512,500; taxes, & c., 53,093; b a l., su r., 545,108.
N O R F O L K & S O U T H E R N R Y . — O w n s N o r fo lk V a ., to E d e n to n , N . C ..
76 m iles (ferry across A lb e m a rle S o u n d to M a c k e y ’s F e rry , 9 m .); thence
ro a d to B e lh a v e n , 30 m .; N o r fo lk to V ir g in ia B e ac h , 19 m .; C la p h a m Jet. to
M u n d e n ’s P o in t, 22 m .; P ro v id e n ce to C la p h a m Jet., 8 m .; M a c k e y ’s F e r r y
to B rid g e to n , N . C., 77 m .; M a c k e y ’s F e r r y to C o lu m b ia , 22 m .: fo rm e r
Ch esapeake T r a n s it (electric ra ilw a y ) C o m p a n y , N o r fo lk to L y n n H a v e n
In le t a n d V ir g in ia B e ach , v ia C ape H e n r y , 24 m . (acquired D ec. 1904);
S u ffo lk , V a ., to E d e n to n , N . C.. 50 m .; B e c k fo rd to E liz a b e th C it y , N . O.
25 m .; R a le ig h to C h o c o w ln lty , 102 m .; leases A t la n t ic & N o r t h C a ro., B e a u ­
fo rt to G o ld sb o ro , N . C., 98 m .; other, 17 m .; track ag e , 3 m .; to ta l Ju n e 30
1908, 582 m iles. 45 m iles equ ippe d electrically.
V . 78, p. 1549, 2599;
V . 79, p. 1462, 1705.
T h e c o m p a n y h as been b u ild in g a b o u t 187 m iles of road, w h ic h w he n
com plete d w ill m ake a connected sy ste m of 611 m iles between B e a u fo rt a n d
G o ld sb o ro , N e w B e rn a n d W a sh in g t o n , R a le ig h a n d W a s h in g t o n , W a s h in g ­
ton a n d M a c k e y ’s F e rry , B e lh a v e n a n d M a c k e y ’s F e rry , E d e n to n ,S u ffo lk ,
E liz a b e th C it y an d N o r fo lk . C o m p a re V . 86, p. 338; V . 85, p. 1519.
En­
tire ca p ita l sto c k a n d b o n d s of J o n n L . R o p e r L u m b e r C o ., o w n in g o v e r
600.000 acres of tim b e r la n d s a n d 200,000 acres of tim b e r rig h ts, are ow ned.
V . 87, p. 1415. S t o c k o u tsta n d in g , co m m o n , 513,123,000; p re f.,54,800,000.
O R G A N I Z A T I O N . — A c o n so lid a tio n N o v . 23 ’06, per p la n V . 82, p. 029,
R eceiversh ip .— I n J u ly 1908 receivers were a p p o in te d .
H a r r y K . W o lc o t t
a n d H u g h M . K e r r of N o r fo lk are now receivers. V . 87, p. 38; V . 88,p . 1002.
I n O c t. 1909 foreclosure sale w a s ordered u n d e r the ’’first a n d re fu n d in g
m o r tg a g e ."
V . 89, p. 904; V . 87, p. 1605.
I n Dec. 1908 51.000,000 6 % 1-year receivers’ certificates were so ld , due
D ec. 29 1909, su bject to call a t p a r or renew able for l- y c a r a t receivers’
option . T h e y r a n k ah e a d of the “first a n d re fu n d in g ” m tge., a n y su b se ­
qu e n t Issue in excess of 5500,000 to be su b o rd in a te In lien thereto. V .8 8 ,p .5 3 ,
V . 87, p. 1160, 1415, 1605.
R E O R G A N I Z A T I O N C O M M I T T E E . — G eorge C . C la r k of N e w Y o r k .
R a th b o n e G ard n e r, P rovide n ce; O a k le lg h T h o rn e , J o h n I. W a te r b u r y a n d
S . L . Sch o o n m ak e r.
M a n h a t t a n T r u s t C o., N . Y . : O ld C o lo n y T r u s t C o.,
B o sto n , a n d U n io n T r u s t C o ., P rovide n ce, d epositaries.
I n D e c. 1908
over 7 5 % of the b on d s h a d been deposited. V . 87, p. 38, 614, 936, 1479.
R E O R G A N I Z A T I O N P L A N . — T h e p la n m ad e p u b lic b y th is co m m ittee
In Se p t. 1908w a s g lv e n ln V .8 7 ,p .6 1 4 ,6 7 8 ,p r o v id in g for the o rga n iz a tio n of
a new c o m p a n y, w h ic h w ill au thorize 516,000,000 sto c k a n d 512,000,000
new b o n d s (see table ab o v e ), the a n n u a l fixed charge s b ein g reduced from
51,270,746 to 5605,516. T h e road Is to be so ld u n d e r t h e " first a n d refu n d ­
in g m o rtg a g e ,” su bject to four u n d e rly in g Issues, a g g r e g a tin g 53,220,000.
T h e p la n pro v id e s 55,573,632 cash to retire the o u tsta n d in g co lla te ral
tru st notes (th u s su b je ctin g the eq u ip m en t covered b y the 51.140,000 e q u ip ­
m en t b on d s an d the 52,040,000 first gen. m tge. b o n d s pledged thereunder
to the lien of the new m tge .), also to retire 547,000 R a l. & P a m l. S o u n d
b o n d s a n d 51,128,184 flo a tin g d ebt a n d fu rn ish 51,545,500 to com plete
c o n stru c tio n of the road a n d 5600,000 w o r k in g ca p ita l. T h e first & refg
b o n d s w ill receive In new sto c k 51,142 80 per 51.000.
T h e new b o n d s (a u th Issue 512,000 000) are to be secured b y a ll p r o p ­
e rty ow ned. In c lu d in g term in als, ra ilro a d an d flo a tin g equip, a n d securities,
except the sto c k a n d the 510,000,000 b on d s or p ro p e rty of the J o h n L .
R o p e r L u m b e r Co., w h ic h m a y o r m a y not be su b jected to the lien o f the
new m tge. O f the new 1st 5s, 55,780,000 are to be so ld to prov id e the cash
requirem ents of the new co m p a n y , 53,220,000 arc to be reserved to retire
the u n d e rly in g b on d s a n d the re m ain in g 53,000,000 for fu tu re requirem ents,
of w h ich 51,000,000 m a y be Issued b y the b oa rd of directors In Its discre­
tio n a n d the other 52,000,000 o n ly w ith the co nsen t of the holders o f a t
least three-fourths of the new ca p ita l stock.
.
T h e collateral tru st 6 % notes of 1007 (52,750,000 au th o riz ed Issue) are
secured b y d eposit of 51,000,000 1st a n d ref. m tg. b o n d s of N o r f . & So. R y . ,
52.040.000 1st gen m tge. b o n d s of N . & S . R R . a n d 51.080,000 e q u ip m e n t
tru st 5s due 560,000 y e a rly to N o v . 1 1917. V . 85, p. 1516; V . 86, p. 338.
E A R N I N G S . — 12 m o s.,J 1908-09___ G ro ss, 52,417,319; net, 5827,712
J u ly 1 to Ju n e 30.
11907-08___ G ro ss,
2,182,972; net,
469,833
R E P O R T . — R e p o rt of N o r fo lk & So u th e rn R R . w as In V . 82, p. 158.
B a lan ce sheet Ju n e 30 1908 w as In V . 87, p. 1414.
F o r y ea r e n d in g Ju n e 30
1908, gross, 52,182.972; net. 5476,134; other In com e, 570,546; charge s,
51,032,614: bal., def., 5485,934.
Office, 37 W a ll St., N . Y . — (V . 88, p. 53, 1002; V . 89, p. 994.)
N O R F O L K & W E S T E R N R Y . — S ee M a p .— S y st e m ex te n d s fro m N o r ­
folk, V a ., w e stw ard to C o lu m b u s , O h io , a n d n o rth w a rd to H a g e rsto w n ,
M d . , w lt h bran ches to the v a rio u s coal fields In V ir g in ia a n d W e s t V ir g in ia .
Road owned.
M ile s .
M it e s .
R o a n o k e to W in s t o n ________ 121
N o rfo lk , V a ., to C o lu m b u s, O _ 704
_
R a d fo r d , V a ., to B risto l, T e n n . . I l l S u n d r y b ra n c h e s............... .......360
R o a n o k e , V a ., to H a g e r s t o w n ,. 238 C o lu m b u s te r m in a l................
4
38
G r a h a m to N o r to n ______________ 100 T r a c k a g e ............................
N o r. C a r. J u n c tio n to F r ie s........
44
T o ta l o w n e d Ju n e 30 1909_1,941
L y n c h b u r g to D u r h a m . N . C _ 115
_
P o r ts m o u th Jet. to C in c in n a ti
274
a n d Iv o r y d a le ........................ 106 D o u b le t r a c k ............
O R G A N I Z A T I O N . — Su cce ssor In 1896 of N o r fo lk & W e ste rn R R . , &o.«
foreclosed per p lan In V . 62, p. 641. I n A p r il 1909 P e n n . R R . a n d s u b ­
s id ia r y co m p a n ie s ow ned a b o u t 832,000,000 of the co m . a n d pref. sto c k s*
the h o ld in g s so ld In 1906 (a b o u t on e-half) h a v in g been re -pu rchased In 1909.
V . 83, p. 502; V . 88, p. 1062. B ra n ch e s b u ild in g Ju n e 30 1900. V . 89, p.
598-9.
I n J u ly 1909 the N o r fo lk & W e ste rn a n d A t la n t ic C o a s t L in e agreed t o
b u ild J o in tly the W in s t o n - S a le m S o u th b o u n d R R . , e x te n d in g from W in s t o n S a le m , N . C ., to W a d e sb o ro , 90 m iles, the tw o p r o p r ie ta r y co m p a n ies t o
J o in tly gu a ran te e a n Issue of 1st m tge . 50-year g o ld 4s. V . 89, p. 161, 598.
S T O C K . — P r o v isio n s of pref. sto c k were g iv e n In "S u p p le m e n t ’’ o f A p r i l
1897, page 4, sa id sto c k bein g 4 % n on -cu m . w ith preference a s to a sse ts.

101
RAILWAY STOCKS AND BONDS.
Oct., 1909.]



R A IL R O A D S
F o r e xp la n a tion o f colum n headings, & c ., see notes
on first page o f tables
N & S (Con) — N A S 1st & ref M $ 2 5 ,0 0 0 ,0 0 0 gre d l l O s f T a
N ew S ecu rities to B e O utstanding under P la n
S t o c k $16,000,000 a u th o riz e d __________________
F ir s t m o rtg a g e $12,000,000 g o ld ..............................
N o rfo lk & W e ste rn R y — C o m s t o c k $100,000,000
G
A d ju s t m e n t preferred 4 % n o n -cu m $ 2 3 ,0 0 0 ,0 0 0 --G
N & W gen (now 1st) M N o r fo lk to D r ls & c g . F P . c
N e w R iv e r D iv is io n first m o rtg a ge g o ld ____F P .c
Im p r o v e m e n t & exten sion m o rtg a ge g o l d - . F P c
S c io to V a lle y & N e w E n g 1st M a ssu m g o ld - . C e . c
N & W first co nsol m tge $62,500,000 g o l d - M e . c * & r *
D I v 1st lien & gen M (text) g red 105 b egin 1 9 2 9 - - 0
P o c a h Joint M $20,000,000 g ca ll 105 s f - . G P . c ' & r
C o l C o n & T e rm 1st M g o ld g u a r p & I (end) . . M p . c '
C o n v e rtib le b o n d s $34,000,000 g o ld red t e x t _____G
N o te s secured b y d eposit of b o n d s _____________G .c *
W in s t o n - S a le m S o u th b o u n d 1st M g o ld __________
E q u ip tru sts g o ld $500,000 y e a r ly sin ce ’0 5 . - F P . c *
do
Se rie s A g o ld d ue $100,000 y e a r ly ---------F P
do
Series B g o ld d ue $100,000 y e a r ly -------- F P
Series C g o ld g u a r p & 1 d u o $200,000 y r ly
do
do
Se rie s D g o ld due $100,000 y e a r ly -----do
S c rie s E go ld d ue $100,000 y e a r l y ------do
Series F to K g g u $100,000 each ser y r ly .
do
Series L to O $100,000 each series yearlj-.
N o rris to w n & M a in L C o n — 1st M g g u p & l( e n d ) . . G P
N o rth C a ro lin a — S t o c k 7 % p a id fro m r e n ta l--------------N o rth P e n n — S t o c k 8 % gu 990 y e a rs $6,000,000 a u th
O ld se con d M (now 1st) (7s extended In 18 96 )------ c
G eneral m o rtg a g e extended In go ld In 1 9 0 3 _ _ F P .c& r
F u n d in g lo a n b o n d s $409.000_ ______ ___________
_
N o r th Shore C u b a — F ir s t m tge $5,000,000 g red t e x t.F
N o rth E a s t P e n n — 1st M go ld gu P & R (end) - G u P . c *
N o rth e rn ( A la ) — F ir s t M ($350,000 are p rio r lie n ). K .c
N o rth e rn (N H ) — S t o c k 6 % re n ta l.............................
N o rth e rn C e n tra l— S t o c k ($20,000,000 a u th o riz e d )_
_
F ir s t m o rtg a ge S ta te of M a r y la n d lo a n ( V 74, p l l 9 7 )
C o n so l general m o rtg a ge of 1874 go ld Series E ___ c
Se c o n d gen M Series " A ” & “ B ” (A $2 .5 65.000). F P
NORFOLK

&

W ESTERN

RY.

M ile s
of
R oad

D ate

of

B on d s
1007

428
107
588
129
1,661
1,881

1881
1882
1883
1889
1896
1904
1901
1892
1907
1908
1902
1903
1903
1905
1905
1905
1906
’06-’07
1902

223

86
56
88

26

112

1866
1873
1898
1007
1890
1896

83

144 1855
144 1885
144 76-’82

S iz e , or
Par
V a lu e

500 & c
1.000 & c

1,000
500
1.000 &c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
50
500 & c

1,000
1,000
1,000
100
50

1,000
1.000

(C o n clu d e d ).—

$28 962,217
18, 764,714

T o ta l net e a rn in g s_____________ $11,597,345 $10, 197,503
T o t a l net In c o m e _________________ $12,578,458 $11, 118,467
In te re st on b o n d s, & c .... ...........
4,743,233
4, 290,180
T a x e s ___________________________
1,008,800
1, 020,800
192.000
D e f. In In t. P . C. & C . b o n d s _____
150,000
D Iv s . on pref. ( 4 % ) ............
919,668
919,656
D Iv s . on c o m m o n _______________ (4 )2 ,578,768(4)4)2 ,901,114
87,371
R e n t s __________________________
152,817
B e tte rm e n t f u n d ________________
1,730,580
1, 360.000
A d v a n c e s to su b s ld . cos., & c ___
8,175

+ $364,884
— 1,034,958
+ $1,399,842
+ 1,459,991
+ 453,053

—12,000
+1
2

40,400,500
23,000,000
19.302.000
600,000
14.576.000
6.386.000
See te x t

1.000.

500.000
500.000

1.200.000

4
4
4
5

W hen
P a ya b le

— 322,346
+ 65,446
+ 370,580
+ 8,175

W here P a y a b le, and by
W hom

&

N M a y ’08 coup, la st p a id M a y 1 1956

J
F
M
A

&
&
&
&
&
&
&
&
&
&
&
&

D O ffice, P h ila d e lp h ia
A
do
do
N M e rca n tile T r u s t Co, N
O
do
do
A
do
do
N
do
do
O
do
do
J
do
do
D
do
do
J M e tro p o lita n T r Co, N
D M e rca n tile T r u s t Co, N
N G u a r a n t y T r . C o ., N

g
g
g
g

48
5

M

4 g
g
4 g
4 g
4 g
4 g
4 g
4 g
4 g
4 g
7

M &
J
&
M &
A
& O
M & N
J
& D
V a r io u s
V a r io u s
M &
S
F
& A

000
4

600.000
700.000
3.500.000
2.800.000
250.000
4,000,000
8
5,405,550
M
4
1.500.000
3.3 g
4.500.000
M
4
402.000
M
5 g
(?)
400.000
1.650.000
3,068,400 See text
19,342,569 8 in 1909 J
6
1.500.000
1.757.000
4 )4 g A
3,565 000
J

ig

B on ds— P r in c i­
p a l, W hen D u e
Stocks— L a st
D ividend

M

Y

Y
Y
Y

F id e lit y T r u s t C o , P h lla
do
do
do
do
C o m m e rc ia l T r C o , P h lla
do
do
do
do
do
do
G u a ra n ty T r. Co, N Y
R e a d in g T e r m in a l, P h lla
B u r lin g to n , N C
Q—F O ffice, 240 S 3d S t , P h lla
& N
do
do
&
J
do
do
& N R e a d in g T e r m in a l, P h lla
& S
& O R e a d in g T e r m in a l, P h lla
& J J P M o r g a n & Co, N Y
Q—J 1023 O ld S o B ld g , B o sto n
&
J T re a su re r’s O ffice, B a lt o
Q—J A n n a p o lis
& O T re asu re r’s O ffice, B a lto
&
J
do
do

50 years
D e c 17 ’09 2 )£
A u g 18 ’09 2 %
M a y 1 1931
A p r 11 0 3 2
F e b 1 1934
N o v 1 1989
O c t 1 1996
J u ly 1 1944
D e c 11941
J a n 1 1922
June 1 1932
M a y 1 1010
50 years
S e p t 1 1010-11
J an 1 1910-13
M c h 1 1910-13
A p r 1 1910-15
N o v 1 1910-15
D e c 1 1900-15
T o A u g 1916
T o Ju n e 1 1917
Se p t 1 1952
A u g 1 1909 3)4
A u g 25 1909 2 %
M a y 1 1936
J a n 1 1053
N o v 1 1928
M c h 1 1942
A p r 1 1920
J u ly 1 1028
O c t 1 1909
J u ly 15 ’09
Irred eem ab le
A p r 1 1925
J a n 1 1026

It

NORTH COAST RR . — Projected to exten d fro m Sp o k a n e , W a s h ., w est
v ia T a c o m a to Seattle, a b o u t 378 m iles, w it h a so u th e rn exten sion fro m
P o r tla n d Jet. to P o r tla n d , Ore., 85 m iles; K lo n a ca st to W a lla W a lla , W a s h .,
n o rth to D a v e n p o r t, 129 m .; to ta l, 592 m iles, w it h v a rio u s branches, m a k in g
a n a ggre ga te of som e 700 m iles. S u r m ise d to be the P acific d lvlslon jfof
so m e tra n s-c o n tin e n ta l sy ste m .
I n O c t. 1909 a b o u t 100 m iles gra d ed . Se e
V . 88. p. 686; V . 89, p. 994. S t o c k a u th ., $5,000,000; pa r, $100. P re s.,
R o b e r t E . S tra h o rn , Sp o k a n e , W a s h .— (V . 89, p. 994.)
N O R T H P E N N S Y L V A N I A R R . — O w n s fro m P h ila d e lp h ia , P a ., to B e t h ­
lehem , P a ., 55.73 m.; branches to D ela w a re R iv e r , A c., 30.77 m .; 2d tra c k ,
75.19 m.; 3d track , 15.73 in.; tota l track, 245.03 m .
Le a se d fo r 999 years
fro m M a y 1 1879 to P h lla . & R e a d in g R R . a t 8 % on stock, a n d lease a s ­
su m e d In 1896 b y P h lla . & R e a d in g R y .
C u rre n t lia b ilitie s J u n o 30 1908,
$377,292.— (V . 73, p. 1160; V . 75, p. 1354; V . 78, p. 821; V . 81, p. 559.

668.)

N O R T H S H O R E R R . , C U B A , — See .Section A p r il 1908.
NORTH-EAST P E N N S Y L V A N I A R R .— O w n s road from G le nsld e to
N e w H o p e , P a .. 26 m iles. C o n tro lle d b y R e a d in g Co. C a p ita l sto c k
$400,000, of w hich $318,950 ow ned b y R e a d in g C o.; p ar, $50.
N O R T H E R N A L A B A M A R Y . — Sh e ffie ld to P a r r ish , A la ., a n d b ra n ch es.
112.50 m iles.
I n A p r il 1899 a m a jo r ity of sto c k a n d b o n d s p u rch ase d b y
the So u th e rn R y .
V . 68, p. 824, 873. See also V . 69, p. 391.
S t o c k Is $2,000,000. U n d e r su p p . m tge . of 1898 $400,000 of the o u t ­
s t a n d in g $ 1 ,700,000 1st 5s were m ad e p rio r lien s.
V . 67, p. 1208.
In y ea r
e n d in g Ju n e 30 1909, gross, $435,047; oper. In com e , $71,373; int. o n b o n d s,
$82,500; re n tals, A c ., $43,934; b a l., def., $55,061.— (V . 69, p. 28.)
N O R T H E R N (N . H .) R R . — O w n s C o n cord , N . I I . , to W h it e R iv e r Jet..
V t . , 70 m .; b ra n ch to B risto l, N . I I . , 13 m .; tota l 83 m iles.
S u b s id ia r y lines.
C o n c o rd & C la re m o n t R R . , 71 m .; P ete rb orou gh A H illsb o r o u g h R R . , 19 m .
Lease to B o sto n & L o w e ll for 99 ye a rs fro m J a n . 1 1890 w as assign e d to
B o s. A Me.; rental w as 5 % on sto c k till J u ly 1 1897, a n d n ow 6 % , p a y a b le In
go ld .
U n t il J u ly 1897 1 % ex tra w as p a id re g u la rly from co n tin ge n t fu n d
A ls o In 1894, J an ., 5 % e x tra w as paid; In 1896, J u ly 2 % extra; in 1897, 5 %
extra; In J u ly 1904, ) 4 % e x tra .— (V . 65, p. 463; V. 78, p. 2385.)
N O R T H E R N C A L I F O R N I A R Y . — See S o u th e rn P a c ific R R .
NORTHERN C EN TR AL R Y . — O w n s B a ltim o re , M d .. to S u n b u r y , P a .
136 m .; of w h ic h 132 m . d ou b le tra c k — b ra n ch , 9 in.; leases— S h a m o k ln V a l.
A P o tt s v . R R . , 38 m .; E lm ir a & W ’m sp o rt R R . , 74 m .; operates a t co st—
E lm ir a A L a k e O n t. R R . , 100 m .; L y k c n s V a l. R R . , 19 m .; also since June 1
1902, Y o r k H a n o v e r & F re d e ric k R R . , 56 m .; Y o r k b ra n ch P e n n . R R .
Y o r k . P a., to C o lu m b ia , 13 m .; other, 4 miles; to ta l, 448 m iles. A lso use*
N . Y . L. E . A W . a n d oth er track s, 14 m iles. V . 78, p. 773.
O R G A N I Z A T I O N . — A c o n so lid a tio n of se veral roa d s In 1854. C o n ­
trolled b y the P en n . R R . , w h ic h o w n s a m a jo r ity of the stock.
S E C U R I T I E S O W N E D . — O n J an . 1 1909 a m o n g the assets held were
E lm ir a A L a k e O n t. sto c k (a ll), $1,500,000; S h a m . V a l. A P o tt s v . sto c k ,
$619,650: U n io n R R . sto c k , $1,225,000 (the b al. of $875,000 being held b y
P h lla . W llm . A B a lto .), A c.
A lso the fo llo w in g, m o stly acqu ired In 1900;
B a lt. A O h io pref. sto c k , $1,000,000 a n d com ., $1,048,700; N o rf. A W e st,
pref. $500,000, a n d com ., $1,000,000; E r ie & W . T r a n sp .C o .sto c k , $500,000.
S T O C K . — A u th o rize d Issue w as Increased In F eb . 1900 from $8,000,000
to $12,000,000; P en n . R R . on Jan . 1 1900, ow ned $10,577,200. T h e sto c k ­
holders In N o v . 1903 v o te d to Increase the au th o riz ed sto c k from $12,000,000
to $20,000,000.
V . 77, p. 1875; V . 78, p. 1907.
I n J an . 1907 $2,149,169
w a s issued as a 1 2 ) 4 % sto c k d iv id e n d . V . 83, p. 1471.
D I V S . 1888
’89 ’00 ’91 ’92 ’93 1894 to 1900
1901 to J u ly 1009
P e rce n t.
7
8 8
7
8 9
7 y e a rly
*8 y e a rly (J & J )
♦ A lso J an . 1007 1 2 ) 4 % p a id In stock.
E A R N I N G S . — 8 m o s . J 1 9 0 9 ________G ro ss, $7,735,245; net, $1,442,692
J an . 1 to A u g . 31. \ 1908_______ G ross, 7,256,445; net, 1,638,892
A N N U A L R E P O R T . — F isc a l y ea r ends Dec. 31. P re sid e n t’s report for
1908, giv e n a t le n gth In V . 88, p. 550, 570, sh ow ed the follow in g:
Y ear ending D ec. 31—
1908.
1907.
1906.
1905.
M ile s of r o a d .................
462
460
462
462
G ro ss e a r n in g s...............$11,264,086 $13,237,408 $11,632,633 $10,531,062
N e t earns, (over t a x e s ).
2 ,228 ,0 20 2,358,865
2.385,341
1,850,114
1,247,049
1,247,425
1,151,602
1,157,418
O th e r receipts.

— 42,000

B a la n c e , s u r p lu s ______________$1,286,417
$347,346
+ $ 0 3 9 ,0 7 1
O F F I C E R S . — P res., L . E . John son ; C h a ir m a n of B o a rd .H e n r y F in k , 27
W illia m S t ., N . Y . ; V . -P .. W m . G . M a cd o w e ll; Sec., E . H . A ld e n ; T rc a s.,
Jos. B. L a c y .
G eneral office, R o a n o k e , V a ., P h ila d e lp h ia office, A rca d e
B u ild in g , M a rk e t a n d 15th Streets.
D ire c to rs— H e n r y F in k , V ic t o r M o ra w e tz, L e v i C. W e ir, N e w Y o r k ; L . E .
J o h n so n , R o a n o k e , V a .; S a m u e l R e a , W . G . M a cd o w e ll, Joseph I. D o r a n
a n d John P . Green, P h ila d e lp h ia ; Joseph W o o d , H e n r y C . F ric k . P it t s ­
b u rg h : W a lt e r H . T a y lo r. N o rfo lk , V a . — (V . 89. p. 666. 919. 994.)
NORRIS TOW N & M AI N LINE CONNECTING R R — O w n s d o u b le -trac k
ro a d .65 m ile lo n g, lncl. brid ge over S c h u y lk ill R iv e r , e x te n d in g from N o r r is ­
tow n , to a co nn e ctio n w ith the m a in line of the P h lla . & R e a d , a t a p o in t
a b o ve B rid g e p o rt, P a ..
L eased to P h lla . & R e a d . R y . a t 4 % o n sto c k a n d
In te re st o n b o n d s. T h e R e a d in g C o . o w n s all the $50,000 sto c k a n d g u a r ­
an tee s the b o n d s.— V . 75, p. 1148.
NORTH C A R O L I N A RR .— O w n s fro m G o ld sb o ro to C h a rlo tte , N . C .,
221.65 m .; C a ro le lgh Jet., N . C ., to C a ro le lgh M ills, 1.90 m .; to ta l, 223.55
m iles.
Leased fro m J an . 1 1896 to the So u th e rn R y . Co. for 99 y ea rs a t
$266,000 ( 6 ) 4 % o n sto c k ) per y ea r till D eo. 31 1901 a n d $286,000 (equal to
7 % on stock) b a la n ce o f lease: also taxes. V . 63, p. 361. Sta te of N o r th
C a ro lin a h o ld s $3,000,000 sto c k .— (V . 66, p. 665; V . 89, p. 163.)




R ate

%
$1,000 $14,000,000
5 g
100 15.999.200
5.780.000
5 g
100 64.469.200 See text
100 22.991,700 4 in 1909
1,000 7.283.000
6 g
1,000 2.000,000
6 g
1,000 5.000.
000 g
6
1,000 5.000. 000 4 g

D I V I D ’D S .
’98. ’99. ’00. ’01. ’02. ’03. ’04. ’05. ’06. ’07. ’08. 1009.
P referred ( % ) . . 3
4
4
4
4
4
4
4
4
4
4
4
C o m m o n ( % ) .....................
2
2)4 3
3
3 )4 4)4 5
4
414
B O N D S . — T h e first co n so lid a te d m tg e .o f 1896 Is lim ite d to $62,500,000,
the balan ce u n issu e d b e in g reserved to retire the u n d e r ly in g b on d s. T h e
r ig h t to Issue p rio r Hen b o n d s h as been a n n u lle d .
V . 73, p. 502; V . 74.
p. 151; V . 75, p. 505; V . 77, p. 1785; V . 78, p. 229.
T h e 4 % ls f consols are a 1st m tge . on a la rge p a r t of the sy ste m , viz.:
a b o u t 886 m iles o f railroad ; u p o n Im p o r t a n t te rm in a ls a t N o rfo lk a n d L a m ­
b erts P o in t; u p o n the O h io R iv e r B rid g e an d the R o a n o k e M a c h in e W o r k s;
besides b e in g a co nsol, m tge . u pon 760 m iles o f the sy ste m , su b je ct to the
u n d istu rb e d liens. T h e y were fu rth e r secured b y the e q u ip m e n t (cost o v e r
$11,000,000).
See a b stra c t, V . 64, p. 376. V . 72, p. 137, 438, 532, 723,
1080; V . 75. p. 505; V . 79, p. 213; V . 8 1 . p. 212.
T h e N . & \V .-P o c a h o n ta s Joint b o n d s are secured b y a b o u t 295,000 acres
o f coal la n d s ow n e d a n d held b y the P o c a h o n ta s C o al & C o k e Co., w hose
sto c k Is ow n ed, o f w hich a b o u t 50,000 acres have been leased to co m p a n ies
w ho se sto c k Is a ll o w n e d b y the U . S . Steel C o n i' a n d 39,797 to oth e r c o n ­
cerns, the ro y a ltie s un d er su ch leases alon e b ein g sh o r tly expected to be s u f ­
ficient to. a lm o st m eet the fixed charges. T h e y are su b je ct to call a t 105
since 1906 for a s in k in g fu n d of 2 )4 cents per ton m in ed. V . 73, p. 845,
902; V . 74. p. 41, 380, 1197; V . 75, p. 502. Th ese b o n d s are the Joint a n d
se veral o b lig a tio n s of the R a ilw a y Co. a n d of the C o al & C o k e C o ., b u t as
betw een the tw o c o m p a n ie s the d eb t Is to be p a id b y the la tte r c o m p a n y .
D ivision a l 1st lien and gen. m tge. 4s of 1904 ($35,000,000) a u th o riz e d for
fu tu re ca p ita l requirem en ts are a 1st lien on e x te n sio n s a n d b ra n ch e s n o t
covered b y the 1st consol, m tge. a g g r e g a t in g 220 m iles, a n d u p o n su c h e x ­
ten sion s a n d b ra n ch e s as m a y be a cq u ire d fro m the proceeds of the n ew
b o n d s a n d a lso a lien su b je ct thereto u p o n the p rope rties covered thereb y.
O f the b o n d s $23,000,000 h a v e been so ld for Im p ro v e m e n ts a n d new e q u ip ­
m en t.
V . 78. p. 1549: V . 79, p. 501, 628, 973. 1642, 1704, 2148; V . 80,
p. 1175; V . 82, p. 510; V . 83, p. 1471; V . 88, p. 2 3 1 ,4 5 3 . T h e equ ip, tru sts
(series I, to O , $700,000 each) so ld In 1909 m atu re $100,000 per series y e a rly
b e g in n in g D e c. 1 1910, a n d M a r c h , A p r il a n d Ju n e 1911. V . 89, p. 919.
A s to secured n otes of 1908 see "G e n e r a l F in a n c e s” below.
T h e sto c k h o ld e rs O c t. 11 1906 au th o riz e d an Issu e of $34,000,000 co n ­
vertib le b o n d s a n d an Increase In the c o m m o n sto c k from $66,000,000 to
$100,000,000, to provid e for the co nve rsion . V . 83, p. 380, 435. 575.
T o p ro v id e for d o u b le -tra c k in g a n d new e q u ip m e n t $14,576,000 of the b o n d s
were offered to the sh areh old ers ea rly In 1907 a n d u n d e rw ritte n ;these b o n d s
are co nve rtible In to com . sto c k , $ for $, p rio r to June 1 1917, a n d thereafter
subject to call a t 105 an d lilt.
V . 83, p. 1412, 1471; V . 84, p. 1248; V . 85,
p. 469; V . 86, p. 109, 286.
G E N E R A L F I N A N C E S . — O f the tra ffic In 1908-09 6 5 % (13,117,598
ton s) w a s b itu m in o u s co al a n d coke; a v erage rate per ton per m ile, 0.460
cents: tra in -lo a d , 616 ton s. I n D e c. 1909 the d iv id e n d ra te w ill be In ­
creased from 4 to 5 % .
r l
I n A p ril 1908 $7,500,000 2 -year notes were so ld , secured b y d eposit of
$10,000,000 first lien a n d general 4s, of w h ic h $1,114,000 re -pu rchased to
J u ly 1 1909. V . 86, p. 1043, 1101.
E A R N I N G S . — F o r 2 m o n th s e n d in g A u g . 31:
Gross.
N e t.
I n t., taxes, & c. B a l., su rp .
$2,261,218
$926,587
$1,334,631
1909_______________ $5,474,307
1908_______________ 4,876,922
1,984,837
877,787
1,107,050
R E P O R T . — R e p o r t for 1908-09, V . 89, p. 590, 597 (see.edltorlal, p. 565).
In c. ( + ) o r
Y ea r ending J u n e 30—
1908-09.
1907-08.
D e c . (— ).
M ile s Jun e 3 0 _______
1,941
1,920
+21
P a sse n ge r e a rn in g s---------------------- $3s612,837
$3,977,482
— $334,645
F re ig h t e a rn in g s________________ 24,710,591
23,990,630
+7 1 9 ,9 6 1
M a ll, express, & c _______________
973,673
994,105
— 20,432
T o ta l gro ss e a r n in g s ___________$29,327,101
O p e ra tin g e x p e n se s______________ 17,729,756

IN T E R E S T OR D IV ID E N D S .
A m ou n t
O utstanding

T o ta l net In co m e ........$3,475,969
R e n ta ls, A c ...................
$437,028
In te re st on d ebt, & c . . . .
653,728
D iv id e n d s, 8 % .............
1,547,400
M is c e lla n e o u s _________
84,007
600,000
E x t r a o r d in a r y .............

$3,606,200
$408,759
519,440
1,547,214
110,280
500,000

$3,530,943
$436,516
384,630
1,375,468
10,226
1,100,582

$3,007,532
$368,098
360,182
1,375,468
40,790
827,721

B a lan ce , s u r p lu s ........
$152,817 $527,597
$220,511
$25,374
— (V . 84, p. 508, 513: V . 86, p. 475, 485, 544;V . 88, p. 559.)
NORTHERN RR. OF N E W J E R S E Y .— O w n s from Be rgen , N . J.. to
S p a r k lll, N . Y . , 21 m.; leases S p a r k lll to N y a c k , 5 m .
Leased to the E rie
R R . from June 1 1899 for the term of Its co rporate existence, for In tere st
on b o n d s, 4 % o n $1,000,000 sto c k , p a y a b le q u a rte rly , taxes, a n d a ll co r­
porate expenses. O f the $1,000,000 new 4 ) 4 % gen. m tge . b o n d s, g u a r a n ­
teed b y the E rie , $654,000 are reserved to retire the 6s due J u ly 1 1917 a n d
the rem ain d er for Im p ro v e m e n ts a n d bette rm en ts o r q u lp m 't for op e ration
b y electricity of the leased properties. Sec V . 69, p, 8 1 .— (V . 71, p. 30.)
NORTHERN R Y . COSTA R IC A .— See V . 71, p. 1067, a n d U n ite d F r u it
Co.; V . 75. p. 849; V . 78, p. 288; V . 80, p. 223; V . 81. p. 614.
NORTHERN OHIO R A I L W A Y . — (S ee M a p L a k e E rie A W e ste r n .)—
O w n s A k r o n to D e lp h o s, O ., 165 miles; bran ches, 2 m iles.
Leased In p er­
p e tu ity to L . E . A W . , w hich gu a ran tees the b o n d s.
V . 62, p. 826.
S T O C K . — C o m m o n sto c k (all ow n e d b y L . E . A W . ). $3,580,000; pre­
ferred n o n -c u m u la tlv e 5 % sto c k . $650,000; p a r o f each. $100.
B O N D S . — T h e first m o rtg a ge Is for $4,000,000: of w hich $1,500,000 u n ­
issu ed are lim ite d to $15,000 per m ile of co m pleted road hereafter co n ­
stru cte d or pu rch ased . O p e rated a s p a rt of L . E . A W .
V . 66, p. 337,

R A IL R O A D S
F o r explan ation o f colu m n headings, & c ., see notes
on first page o f tables

M ile s
of
Road

Northern of New Jersey— S to c k g u ar (see V 69, p 81) 21
T h ir d m ortg a g e (n ow first) Interest g u a r a n te e d ___ c
G en m tg e $ 1 ,0 0 0 ,0 0 0 g o ld ln t g u a r b y l e a s e .. U sm .c*
167
Northern Ohio— 1st M g ($ 1 6 ,0 0 0 p m) gu p & l .- C e . c *
Northern Pacific R y— S to c k $ 2 5 0 ,0 0 0 ,0 0 0 a u th o r lz e d 182
S t P a u l & N P g e n M lan d g ra n t a s s u m e d .-C e .c ’ & r.
182
do
do
r e g is t e r e d ..........................................
103
W a sh & C o lu m b ia R iv e r 1st M g o ld a s s u m e d - -F c*
N ew m ortg a g es o f N orth e rn P a cific R a i l w a y —
P rio r lien M $ 1 3 0 ,0 0 0 ,0 0 0 g o ld lan d g r .. M e .c * & r See z
G eneral Hen M $ 1 9 0 ,0 0 0 ,0 0 0 g o ld lan d g r .. F . c * & r See z
226
S t P a u l-D u lu th D lv p u r m o n e y M 5 2 0 ,0 0 0 ,0 0 0 . G .c*
G B & Q c o ll tr M g (red sin ce Jan '0 6 at 1 0 5 ). S .c& r
. . .
do
do
re g iste re d ------------------------------B o n d s U n d er ly in g S t P a u l

*

D u lu th D i v M o r tg a g e

S t P a u l & D u lu th first m o rtg a g e a s s u m e d -------- - - c *
S e c o n d m o r tg a g e a ssu m e d --------------------------- C e.c*
T a y lo r ’ s F & L Sup 1st M s f n o t d r a w n -------C e.c*
D u lu th S L 1st M p & 1 sink fd n o t d r a w n ..C e .c *
C on sol m tg e assum ed $5 ,0 0 0 ,0 0 0 g o l d ------ M p .c*
Northern Pac Term Co— First M gold red at 1 1 0 ..F .C *
Northern Railway (Cal)— See Southern Pacific R R .
Northern Securities— Stock $ 3 , 9 5 4 , 0 0 0 - - - - - - - - . - - - North western Coal R y — F irst M .gu a r (end) g o ld - F .c *
Northwestern P a c ific — S to c k ($ 3 5 ,0 0 0 ,0 0 0 ) — - - - - - F
Cal N orth w 1st M g g u ar b y S t F & N o r P a c sink f d .
S an F ra n cisco & N or P a cific 1st M g o ld s f .A l e . c ’ &r
N orth P a cific C oa st general m tge (n o w first) g o l d - . c
E el R iv e r & E u rek a first m o r tg a g e -------------------

167
167
21
25
238
—

D a te
of
B on ds

A m ount
O utstanding

1883
1883
1895

$100 $1 ,000,000
100 &c
65 4 .0 0 0
1,000
154 .000
1.000
2 .5 0 0 .0 0 0
100 2 4 8 ,0 0 0 .0 0 0
1,000
8 .021.000
1,000
1,000
2 ,6 2 0 ,0 0 0

1896
1896
1900
1901
1901

500 &c 1 0 8 .0 0 6 .5 0 0
500 & c 6 0 ,0 0 0 ,0 0 0
1,000 * 7 ,8 8 9 ,0 0 0
1.000&C1 1 0 7 .6 1 3 .5 0 0
1.000&CJ

1887
1900
1895

1881
1887
1884
1886
1898
1883
1893

399
40
165
90 .5

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

1898
1889
1892
1894
1907
1899

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

1 , 000 , 000
2 .000 ,000
210 ,000

500, 000
1,000 000
3,479, 000

100
1,000
100
1,000
1,000
1,000
1,000
1,000 &c
1,000

66
N orth w estern R R o f South Car— First M $37 5 ,0 0 0 —
N orth w . T erm . R y .— 1st M $3,00 0 ,0 0 0 g o ld r e d - .M e .
’ ” 166
‘ 72
N orw ich & W o r c e s te r — P referred s to c k 8 % ren tal . . .
1897
1,000
B on d s (n ot m tge) lnt g u ar u n d er lease c u r r e n c y .c & r
500 &c
7 M 1002
N o rw o o d & St L— 1st M $ 30 0,00 0 g red 110 In 10 yrsT a
£100
1905
N ova S cotia E a s te r n — First m o rtg a g e g o ld red ( t e x t ) , T e x t
p B erlin at 4 .2 0 m arks p e r d o lla r,
z 5 ,1 3 0 m l’
— clu d ln g 40 m lies n o t o
N O R T H E R N P A C I F I C R A I L W A Y .— (S ee M a p s .) — O perates o n e o f the
lea d in g lines to the P a cific, h avin g Its eastern term ini a t S t. P a u l, M in n .,
a n d D u lu th , W ls. (th e head o f L a k e N a v ig a t io n ), a n d ru n n in g then ce w e st­
e rly ; traversin g the grea t w h eat b e lt o f M in nesota a n d N o rth D a k o ta , the
m in in g d istrict o f M on ta n a a n d the farm in g c o u n tr y o f W a s h in g to n to
T a c o m a a n d S ea ttle, a n d to P o r tla n d , O re ., w ith b ra n ch e s.
M a in lin e.
M ile s .
L eased to others.
M ile s .
A s h la n d , W ls . t o P o r tla n d ,
T o o th e r c o m p a n ie s _________
9
O re. (ln cl. 5 m . t e r m in a ls ). .2 ,1 7 1 T o P r o v in c e o f M a n ito b a ...... 355
B raln erd a n d S ta p le s t o S t.
N o t o p e r a t e d ..............................—
22
P a u l ............................................. 181
T o t a l (In c. 48 m . t r a c k a g e )- . 6 , 1 18
O th er lin e s _______________________ 522
C on trolled p ro p erties—
T o t a l m ain lin e ........ ................... 2,874 M in n. & In te rn . (V . 77, p . 4 5 1 ). 175
75
V a riou s b r a n c h e s _______________ 2,8 5 9 O th e r c o m p a n ie s ____________
T o t a l, ln c l. 5 m . tra ck a g e
T o ta l sy ste m Ju n e 30 1 9 0 9 ____ 6,368
(op era ted d ir e c t ly ) ................ 5,733 IS econd t r a c k .....................
470
T h e M a n itob a b ra n ch es, a g g re g a tin g 354 m ., w ere leased fo r 999 years
fro m M ay 31 1901 to th e P r o v in c ia l G o v e rn m e n t a n d s u b -le t b y th e la tte r to
th e C anadian N orth ern R y . at a rental o f $ 21 0,00 0 an n u a lly fo r th e first 10
yea rs, th en $ 22 5,00 0 fo r 10 years, th en $ 27 5,00 0 fo r 10 years an d th erea fter
$ 3 0 0 ,0 0 0 , w ith o p t io n o f p u rch ase a n y tim e fo r $ 7 ,0 0 0 ,0 0 0 . V . 73, p . 610.
S p ok a n e P o r tla n d & S eattle R y ., Joint line w ith G reat N o r ., b u ild ­
ing fro m P ortla n d to S p o k a n e , W a s h ., w ith b ra n ch e s: t o t a l, 417 m iles, w as
c o m p le te d .May 1909; see V . 8 1 , p . 1101; V . 8 3 , n . 1111; V . 86, p . 1530.
N orth ern P a cific p a r t o f jo in t lin e w ith U n io n P a cific , C u ld esa c t o G ra ngev llle , 55 m iles, c o m p le te d In 1908; also B ig F o r k R iv e r , M in n ., to In te r n a ­
tion a l F a lls, 34 m iles. V . 8 5 , p . 1089. In M a y 1909 M issouri R iv e r
b r a n c h , fro m G lc n d lv e , M o n t., to M a n d a n , N . D ., 250 m iles, w as p r o p o s e d ,
c o n t r a c t fo r 50 m iles b e in g le t. In A lay 1909 a rra n g e d f o r Joint use o f
C o .’s line b e tw e e n S o u th T a co m a an d V a n c o u v e r , W a s h ., 135 m ile s, w ith
G rea t N orth ern a n d U n ion P a cific . V . 8 8 , p . 137 3.
H I S T O R Y .— T h is W isc o n s in c o m p a n y o n S e p t, 1 1896 s u cce e d e d to th e
ra ilroa d s, la n d g ra n t a n d o t h e r p r o p e r ty o f th e N o rth e rn P a cific R R .
fore c lo s e d In J u ly 1896 a n d reorga n ized per plan In V . 62, p . 550.
T h e orig in a l N orth ern P a cific C o m p a n y w a s ch a rte re d b y Con gress J u ly 2
1864; 450 m iles t o B ism arck w ere fo re c lo s e d In 1875.
S T O C K .— T h e $ 7 5 ,0 0 0 ,0 0 0 p re fe rre d s to c k w as p a id ofT at p a r o n J a n . 1
1902, the c o m m o n bein g Increased fro m $ 8 0 ,0 0 0 ,0 0 0 to $ 1 5 5 ,0 0 0 ,0 0 0 .
S tock h old ers In J a n . 1007 s u b scrib e d fo r $ 9 3 ,0 0 0 ,0 0 0 new s to c k a t p a r,
p a id In Installm ents t o J a n . 1909.
V . 8 3 , p . 1471, 1524; V . 84, p . 221.
D IV ID E N D S —
1901. 1902.
190 3. 1904. 190 5. 1900. 1007 1908. 1909
O n c o m m o n ____ ( % )
4
’ 5M
7
OH
7
7
7
*7,
7
O n p ref. ( r e t ) ___( % )
4
1
..
..
• A lso D ec. 1908 1 1 .2 6 % fr o m s u r . o f N . W . Im p t C o . V . 8 7 , p . 1238
B O N D S .— A b s tr a c t s o f th e new P rio r L ien a n d G eneral L ien m o rtg a ge s
o f 1896 w ere In V . 63, p. 101 2-1 019, 1072.
P r io r lien 4 % s pu rch a sa b le w ith la n d sales at n o t e x c e e d in g .
110 (b u t n o t s u b je c t to c a ll), n o t o v e r $ 5 0 0,00 0 cash y e a r ly .
t o be so a p p lie d . T o t a l Issue............................................................. $13 0,0 0 0 ,0 0 0
Issu ed (o f w h ich $ 6 ,0 0 5 ,0 0 0 In treasu ry Ju n e 30 1 0 0 9 )............. 1 0 8 ,0 0 6 ,5 0 0
Issu ed, b u t p u rch a sed a n d c a n c e le d ...................................................
4 ,6 6 5 ,5 0 0
R e s e r v e d t o retire S t. P a u l & N . P . a n d W e s t. R R , b o n d s . .
8 ,8 2 8 ,0 0 0
F o r new c o n s tr u c tio n , b e tte rm e n ts , e q u ip m e n t, & c., un d er
ca r e fu lly g u a rd ed p ro v is io n s , b u t n o t e x c e e d in g $ 1 ,5 0 0 ,0 0 0
p er a n n u m . O rig in a lly $ 2 5 ,0 0 0 ,0 0 0 — still h e ld ------------------8 ,5 0 0 ,0 0 0
O f th e $1 9 0 ,0 0 0 ,0 0 0 general lien b o n d s, $ 1 3 0 ,0 0 0 ,0 0 0 are rese rv e d to
retire th e p rior lien b on d s at m a tu r ity .
T h e s t . P a u l & D u lu th D ivisio n m o rtg a g e secures $ 2 0 ,0 0 0 ,0 0 0 p u rch a se
m o n e y b on d s o n the form e r S t. P aul & D u lu th , o f w h ic h $ 9 ,2 1 5 ,0 0 0 w ere
Issued t o a cq u ire th e r o a d , $5 ,2 8 3 ,0 0 0 are reserved t o retire e x is tin g S t. P .
& D . b on d s an d th e ba la n ce fo r Im p ro v e m e n ts to the p r o p e r t y .
V . 70, p .
125 0; V . 71, p. 1107. T h e lan ds Inclu ded In the g ra n t o f th e fo rm e r S t.P a u l
& D u lu th arc e s tim a te d to be w o rth a b o u t $ 4 ,0 0 0 ,0 0 0 , a n d w ere n o t c o v ­
ered b y th e o ld m tg e s . T h e y are t o be so ld a n d p ro ce e d s a p p lie d t o p u r ­
chase o f th e b o n d s a t n ot o v e r 105 a n d in terest, o r , If n o t p u rch a sa b le at
th a t p rice , th en t o b etterm e n ts. Im p ro ve m e n ts o r a d d itio n s to th e m o r t­
g a g ed prem ises o r e q u ip m e n t th e re fo r. T o J u ly 1009 $ 2 ,3 3 9 ,0 0 0 had
been thus p u rch a sed an d c a n ce le d . V . 7 1 , p . 1167; V . 72, p . 339.
L A N D G R A N T .— T h e la n d gran t w as 12,800 acres t o th e m ile In th e
S tates o f A lln n csota a n d O regon an d 25,600 acres p er m ile In th e (th en)
In term ed ia te te rrito rie s .
U n sold o n Ju n e 30 1909, 1 0 ,160,560 a cres, v iz .:
M n n e s o ta .......... .......................
2 9 ,5 7 7 | I d a h o .......................................447,048
N o r t h D a k o t a ............. ...........
5,156 W a s h in g to n
................. - .. 2 ,3 1 5 , 4 9 4
M o n ta n a ---------------------------- 6 ,9 0 2 ,5 1 2 O r e g o n ______________________ 366,553
Sales In 1 9 0 8 -0 9 , 340,281 a cre s. N e t cash r e c e ip ts , $ 1 ,2 4 5 ,6 0 2 .
F I N A N C E S .— In 1904 N o r. P a c. a n d G t. N o rth e rn h ad a cq u ire d $ 1 0 7 ,­
612 ,600 o f th e $1 1 0 ,8 3 0 ,1 0 0 s to c k o f C h ic. B u rl. & Q u in cy R R . In e x ch a n g e
fo r th eir Joint 2 0 -y ea r 4 % g o ld b o n d s secu red b y th e d e p o s it o f th e s to c k In
tr u s t, o n th e basis o f $200 In b o n d s fo r ea ch $100 s t o c k . See circu la r,
V . 72, p . 871. 1034, 1135; V . 73, p . 294, 610; V 8 5 , p . 601.
E A R N I N G S .— 2 m os,\ 1 9 0 9 _______G ro ss, $ 1 3 ,6 0 8 ,9 5 6 ; n e t, $6,183,598
J u ly 1 to A u g . 31. j
1 90 8--------- G ross, 11,516,193 ; n e t, 5,177,733
R E P O R T .— R e p o r t fo r 1908-09 in V . 8 9 , p . 912 , an d “ C h ro n .” O c t . 3 0 .
C om p a ris on s w ith 1906-07 a r e In a ccu ra te , o w in g to ch an ges In a c c o u n tin g .
Y ears ending J u n e 30—
190 8-0 9.
1907-08.
1906-07.
A v e r a g e m ile s _________________________
5,671
5,633
5,444
F reig h t e a r n in g s _______________________$ 4 7 ,0 7 3 ,3 0 5 $46 ,4 2 3 ,8 3 6 $ 4 7 ,6 5 0 ,3 6 9
P a ssen ger e a rn in g s .................................... 17,330,608
18,133,238
16,320,861
O th e r r e v e n u e fro m t r a n s p o r t a t io n ..
3 ,4 1 6 ,1 0 2
3 ,0 6 5 ,0 7 6
3,00 2 ,9 6 8
R e v e n u e o th e r th an t r a n s p o r t a t io n ..
6 40 ,732
598,526
491,436
T o ta l o p e r a tin g r e v e n u e ----------- - - .$ 6 8 ,4 6 0 ,7 4 7 $ 6 8 ,220 ,67 7 $ 67 ,465 ,63 5
O p e r a tin g In com e (o v e r t a x e s ). . . - - - $ 2 8 ,3 2 2 ,2 6 7 $ 20 ,303 ,43 3 $28 ,876,273
3 ,6 9 7 ,6 3 8
4 ,114,143
2,876,790
O th e r I n c o m e _____ ________________ - - G ross in c o m e ________________________ $ 3 2 ,0 1 9 ,9 0 5 $30 ,4 1 7 ,5 7 7 $ 31 ,753 ,07 2




W hen

R ate

%

P a y a b le

4
6
4M g
5 g
n 1909
6 g
6 g
4 g
4
3
4
4
4

g
g
g
g
g

5
5
6
5
4 g
6 g

Q— M
&
J
&
J
& O
Q— F
F
& A
Q— F
J
& J

J
J
A

J
J
F
A
J
M
J
J

W here P a y a b le, and by
W hom

50 C h urch S t. N ew Y o r k S e p t 1909
1%
do
do
jJuly 1 1917
do
do
Man 1 2000
Chase N a tio n a l B a n k .N Y O c t 1 1 9 4 5
J P M orga n & C o , N Y N o v 1 1909 \ H
do
do
F e b 1 1923
do
do
!Feb 1 1923
F a rm e rs’ L & T r C o . N Y iJ u ly 1 1935

J P M o rga n , N Y ; & B e r
Q— J
do
do
Q— F
& D
do
do
do
do
&
J
do
do
Q— J
&
&
&
&
&
&

B on ds — P r tn e tpa l.
W hen D u e
Stocks— Last
D ivid en d

p Jan
Jan
(D e c
J u ly
[July

11997
1 2047
1 1996
1 1921
1 1921

A J P M organ & C o , N Y| A ug
do
do
[O ct
O
do
do
rJan
J
do
do
Sept
S
do
do
Ju n e
D
J W in s lo w .L a n ie r & C o,N Y M a n

1 1931
1 1917
1 1914
1 1916
11968
1 1933

3,9 5 4 ,000 Sees t e x t S ee t e x t
794 ,000
5 g
M & N
3 5 ,0 0 0 ,000
5
977 ,000
5 g
A
& 6
3,8 3 4 ,000
5 g
J
&
J
1,498 ,000
J
&
J
5 g
313 ,000
5
A
& O
5,694 ,000
4M g M & S
285 000
4
A
& O
2,0 2 5 0 0 0
J
&
J
5 g
3,0 0 0 .000
8
Q— J
1,200 000
4
M & S
100 000
5 g
A
& O
(T)
J & D 30
5 g
p e ra te d sp urs, 261 m iles. *
l,

C h eck s m ailed
J a n 10 1909 4%.
F a rm e rs’ L & T r C o . N Y £ l a y 1 1923
1928
S an F r a n cis c o & N ew Y k A p r
1919
N ew Y o r k an d F r a n k fo r t [Jan
1912
C o ’ s o f fic e , S an F r a n cis c o U a n
1914
E u re k a
kOct
N ew Y o r k
R ic h 1 1957
S afe D e p & T r C o , B a lt {A p r 1 1949
1926
---------------------------------;July 1
M ech N at B k , W o r c e s t e r O c t 1 1909 2 %
C o m p a n y ’ s o ffic e B o s to n M ch 1 1927
C ity N a t B k , W a t e r t .N Y A p r 1 1932
- - - ...........- ................................ [1955
$19 1 ,0 0 0 a d d ’ l In tr e a s u r /y J u n e 30 1909

D ed uct—
1908-09.
H ir e o f e q u ip m e n t_____________________
__________
R e n ta ls p a id __________________________
$337,136
In te re st o n fu n d e d d e b t _____________ 6,77 5 ,0 0 3
l n t . & c o m . o n new stk . s u b s c r ip ’s - 3 ,2 68,416
D iv id e n d s o n s t o c k ( 7 % ) _____________ 14,105,000
D e p r e cia tio n o f e q u ip m e n t ___________
__________
In s u ra n ce f u n d ________________________
_________

1907-08.
$318,718
7 ,0 9 8 ,9 0 8
3 .1 0 6 ,8 8 3
10,850,000

190 6-0 7.
$87 9,25 6
24 5 ,5 3 9
6 .9 9 4 ,6 2 0
159,727
1 0 ,8 5 0 ,0 0 0
5 ,9 2 6 ,7 5 3

2,78 4 ,9 5 0

$6,258,118 $ 6 ,6 9 7 ,1 7 6
N et surplus for year________________ $7,534,350
O ld B a sis—
1906-07.
1905-06.
1904-05.
1903-04.
Average miles operated.
5,444
5,401
5,315
5,262
Gross earn ings.................... $68,534,832 $61,223 ,476 $50,722 ,886 $46 ,5 2 4 ,5 7 4
2 3,914.127 22,290,031
N et earnings........................ 30,870,515 30,128,043
Taxes ...................................
2,398,719
2 ,213,040
1,601,000
1,462,775
D IR E C T O R S .— John S. Kennedy, Arthur C. James, George F . B aker,
W illiam Sloane, J. Plerpont Alorgan J r., Lewis Cass Ledyard, Howard Elli­
o tt, Charles Steele, George W . Perkins, W illiam P . Clough, James N . H ill,
Am os Tuck French, A lex . S. Cochran, Payne W hitney and Grant B . Schley.
O F F IC E R S .— Pres., Howard Elliott, St. Paul, Alinn.; V .- P ., James N .
H ill: Sec.. George H . Earl, New Y ork; Trcas., C. A . Clark, S t. Paul.
N . Y . office. 34 Nassau S t.— (V . 88, p. 1373; V . 89, p. 163, 529, 112.)
N O R T H E R N P A C I F I C T E R M I N A L C O M P A N Y , O F O R E G O N . — Owns
terminals on the W illam ette R iver, O re., at Portland, East Portland and
Albina, comprising 270 acres land, 38 m . track, dock frontage 7,904 feet.
L E A S E .— Leased for 50 years from Jan. 1 1883 Jointly and severally to
Northern Pacific, Oregon R y . & Navigation and Oregon & California, with
guaranteed rental to pay Interest, sinking fund and taxes; leases assumed
In 1899 by new Nor. Pac. and Oregon R R . & N av. V . 69, p . 230.
S T O C K .— Stock ($3,000,000) owned by said three companies (4 0 % by
Oregon R y . & N av. C o., 4 0 % b y Nor. Pac. and 2 0 % b y Oregon & Cal.
R R .) , and held by Central Trust Co. of New Y ork, to be delivered after
payments to the sinking fund, which Is to cancel the bonds.
B O N D S .— The first mtge. Is for $5,000,000; In O ct. 1909 $4,275,000 had
been Issued, of which $796,000 retired by sink fund— drawings at 110 and
Interest.— (V . 87, p. 227, 9 3 0 ; V . 88. p. 232; V . 80, p. 163.)
N O R T H E R N S E C U R I T I E S C O . — In 1004 the U . S. Supreme Court de­
clared the company to be a combination In violation of the A n ti-Trust A ctand therefore Illegal. V . 76, p. 811, 919, 1249; V . 78, p. 1168.
The stockholders voted on April 21 1904 to reduce the stock from $395,­
400,000 to $ 3,954,000, the par value of shares to remain $100 , representing
the remaining assets In the treasury, pending completion of dissolution.
V . 78. p. 1223, 1275, 1392.
Report for cal. year 1908 was In V . 88. p. 154.
D IV ID E N D S .— Dividends 1 9 0 2 ,'4 % ; 1903, 4 H % ; 1904, F e b ., 1 « % .
On stock as reduced, 5 % each paid Jan. 1906 to 1908: 1909, Jan ., 4 % .
O F F IC E R S .— Pres., James J. H ill; Sec. and Treas., E . T . Nichols; Gen.
Counsel, W . P Clough. Office, 26 Liberty S t., N . Y . — (V . 88, p. 375.)
NOR TH W ESTERN C O A L R Y .— See page 171.
N O R T H W E S T . — See Chicago & North W estern.
N O R T H W E S T E R N P A C I F I C R R . — Operates a system extending f r o m
Point Tlburon, Cal. (whence ferry to San Francisco, 6 miles), northerly to
Eureka, with branches, 399 miles In all. Incorp. Jan. 8 1907 In the Interest
of South. Pac. and A tch . T op. & S .F e ,w h ich each owns $ 17,499,500 stock,
and took over by consolidation the Cal. & N orthw ., San Fran. & N . Pacific,
North Shore R R ., San Fran. & Northwestern, Eureka & Klam ath River
and Fort Bragg & Southeastern. A connecting line of over 100 miles Is to be
built from W u llts to Pepperwood, 30 m ., to be completed In summer of 1910.
B O N D S .— San Fran. & North. Pac. 5s Issued at $25,000 per mile; s. f ..
$25,000 y ’ly; bonds drawn at 110 and lnt. (mtge. abstract V . 4 9 , p. 241.)
A s to old North Shore 5s dated 1902, see V . 80. p. 1913; V . 74, p. 1252.
Of the first and refunding 4 Ms of 1907 ($35,000,000 ’au th .). $5,694,000
w as outstanding Jan. 1909, all owned by Southern Pacific; the mortgage,
reserved
$6,6 7 6 ,0 0 0 . to retire a like amount of underlying bonds, $ 5 ,­
0 00,000 for Improvements and equipment and $13,324,000 for branches
or extensions. Including one from Shively to W lllets and from W endllng to a connection with the line from Uklah to Tlburon.
V . 8 4 , p.
2 21, 694: V . 85, n. 222.
E A R N I N G S .— 12 m os., 11908-09____ Gross, $ 3,022,977; net, $771,571
J1907-08____ Gross,
3,086 ,3 9 0 ; net,
G47.978
July 1 to June 30.
Report for year ending June 30 1907 In V . 85, p. 861.
Year ending June
30 1908, gross, $3,086,391; net, $531,016; other Income, $138,586; charges,
$628,978; bal., sur., $40,624.
N O R T H W E S T E R N R R . O F S O U T H C A R O L I N A . — W ilson M ill, S . C . , v i a
Sumter to Camden, 62.5 miles: branch, Millard to St. Paul. 3 .5 m .; track­
age, 5 m .; total, 71 miles. Stock, $100,000.
Dividend, 6 % paid yearly
Dec. 1900 to 1902; 1903 to 1905, 6 % : 1907 and 1908, 4 % .
Year ending
June 30 1908, gross, $98,064; net, $28,642; ln t., taxes, & c., $ 1 8 ,0 2 6 ; d i v i ­
dends ( 4 % ) , $4,000; bal., sur., $6,615
N O R T H W E S T E R N T E R M I N A L R Y . — Owns terminals covering 40 acres
at Denver and 52 acres of right of way In that city, and 39 acres of freight
terminals at Utah Junction, 3 miles north of Denver. Leased for 99 years
for Interest, taxes and maintenance to Denver Northwestern & Pacific,
which guarantees bonds, prin. and lnt. Bonds ($3,000,000 authorized
Issue) are redeemable from July 1 1911 to July 1 1916 at 105 and Interest;
thereafter at 102 M- V . 89, p .9 9 4 .
Denver Laramie & Northwestern also
uses facilities.— (V . 89. p. 994.)
N O R W I C H & W O R C E S T E R R R . — Owns from Norwich, Conn., to W o r ­
cester, M ass., 59 miles; branch, Norwich to Groton, 13 m .; total, 72 miles.
Leased to New England R R . for 99 years from Feb. 1 1869, and accepted by
N . Y . N . H . & H . In 1898; rental 8 % on pref. stock.— V . 70. p. 125.
N O R W O O D & S T . L A W R E N C E R R . — Norwood to W add ington, N . Y . ,
20 miles, lncl. extension, 13 m ., opened July 1909. Stock $100,000; par
of shares, $100.
Bonds arc subject to call at 110 after April 1 1912. Year
ending June 30 1 909 (7 m iles), gross, $73,325; net, $40,586. In 1907*08,.
gross, $61,656 ; net, $23,798; lnt. and taxes, $6,059; bal., sur., $ 1 7 ,7 3 9 .
Pres., Chas. II. Rem ington; Manager, F . A . Sherman, Norfolk, N . Y . ;
T reas., Warren F . Howe, W atertow n, N . Y . — (V.R74, p. 1090.)

104
RAILWAY STOCKS AND BONDS.
[V ol .







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I N T E R E S T OR D I V I D E N D S .

R A IL R O A D S .
For

exp la n a tion o f colu m n headings, A c . , see notes
on first page o f tables

O g d en M ine R R — S to c k ( 5 % rental C entral o f N J) —
O h io C on n R y — 1st M $ 2 ,0 0 0 ,0 0 0 g gu p & K te x t) F .c *
O h io & K e n tu c k y — 1st M g o ld sink fd call a t 1 1 0 .C e.c*
O h io & L ittle K a n a w h a R y — First M g o ld red 1 0 5 .. K
O h io R iv er— F ir s t m ortg a g e ($2,0 0 0 ,0 0 0 ) g o l d - . F P c*
G eneral M ($ 3 ,0 0 0 ,0 0 0 ) g o ld first o n 39 m ile s .-F P .c *
R a v Sp & G len 1st M $40 0,00 0 g gu p & l - . - F P . c *
H u n tin g to n & B l g S 1st M ($400,000) g o ld g u a r . . c *
O hio R iv er & W e s te rn — F irst m o rtg a g e $60 0 ,0 0 0 g . . F
O k la h om a C en tral— R e c e iv e r s ’ ce rtfs $ 5 0 0 ,0 0 0 a u t h ..
1st M $ 1 0 ,0 0 0 ,0 0 0 redeem (t e x t ) ____________ ________
O ld C o lo n y — S t o c k 7 % gu a ra n te e d b y r e n ta l_______ c*
B on d s h o t m o r tg a g e ............................................................. r
B on d s n o t m o rtg a g e (a u th o riz e d $3,0 0 0 ,0 0 0 ) g .c * & r
B on d s n o t m o r tg a g e .................................. .....................c& r
B os ton Clin F & N B M (to be p a id Jan . 1) — N il c
B on d s n o t m o r t g a g e .. ...................................................c& r
O m aha B rid ge & T erm inal R y — F irst M ( $ 5 ,0 0 0 ,0 0 0 ).
O p elou sa s G & N E— 1st M $ 5 ,0 0 0 ,0 0 0 g gu (te x t) .A le
O regon & Cal— 1st M g o ld d raw n a t 100 gu p & l .U n .c *
O reg on R R & N a v ig a tio n — C o m m o n s t o c k ....................
P referred s t o c k 4 % n o n -c u m u la tlv e ................................
C on sol m ortg a g e (n o w first) $ 2 4 ,3 1 2 ,8 0 0 g o l d .N .c *
O re g o n S hort Line R R — First m tg e ( R y C o ) g o l d — c*
U ta h & N orth ern first m o rtg a g e e x te n In 1 90 8— c+
C ons M gu $1 5 ,0 0 0 p m s f n o t d ra w n g o l d . . A B .c *
C on s 1st M $ 3 6 ,5 0 0 ,0 0 0 g o ld (1st M o n 400 m ) _ 0 . c *
R e f M $ 1 0 0 ,0 0 0 ,0 0 0 g gu p & 1 red ( t e x t ) - _ E q .c * & r
In c o m e b o n d s Series A 5 % n o n -c u m u la tlv e .......... OB
. do
Series B n o n -c u m u la t lv e ..................Alo
O regon & So E — F irst M $30 0,00 0 g red 110 s f ____ Ta
O s w e g o & S yra cu se— S to c k 9 % gu a ra n teed D L & W .
C o n s o lid a te d m ortg a g e (gu aran teed b y D L & W ) . .
C o n s tru ctio n m ortg a g e g u ar (fo r $ 1 .0 0 0 ,0 0 0 )...........F
O verton C o u n ty — F irst m ortg a g e $ 25 0,00 0 g o l d ______
O w e n s b o r o & N ash ville— F irst m o rtg a g e g o ld — C e .c *
O zark & Cher C en t— See S t L ou is & San F ra n cisco
P a cific & E a stern — F irst m o r tg g o ld redeem ( t e x t ) . K

M ile s
of
Road
10
9
26
80
172
209
33
11
111
132

_
_
125
24
57
670

Date
of
B on d s

A m ou n t
O utstanding

R ate
%

1876
1883
1905
1881

1,000
100
1,000
1,000 & c
1,000 &c
1,000
1 ,0 0 0 &c
100
1.000
1,000
100
100
1,000
1,000
1,000
1,000
500 &c
1,000 &c
500 & c
500 & c
500 &c
50
1,000
1,000
1,000
1,000

$45 0,00 0
2 ,0 0 0 .0 0 0
250 ,000
228 ,000
2 ,0 0 0 ,0 0 0
2 ,9 4 1 ,0 0 0
37 6 ,0 0 0
3 03 ,000
600 .000
a b t .2 0 0 ,0 0 0
2 ,6 4 0 .0 0 0
See t e x t
4 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
5 ,5 9 8 ,0 0 0
1 ,9 12,000
1 ,0 0 0 ,0 0 0
1 ,7 50,000
1 ,1 43,000
17 ,7 4 5 ,0 0 0
24 ,0 0 0 ,0 0 0
11,00 0 ,0 0 0
2 3 ,3 3 0 ,0 0 0
14,93 1 ,0 0 0
4 ,9 9 1 ,0 0 0
1 ,8 02,000
12 ,3 2 8 ,0 0 0
See t e x t
7 ,1 8 5 ,0 0 0
14 ,8 4 1 ,0 0 0
3 00 ,000
1 ,3 20,400
4 38 ,000
668 ,000
250 ,000
1,200,000

5
4 g
5 g
5 g
5 g
5 g
6 g
6 g
4 g
6
5 g
7
4
4 g
4
5
3H
5
5 g
5 g
See t e x t .
4 in 1909
4 g
6 g
4 (7)
5 g
5 g
4 g
5 % In Se
4 in 1909
5 g
9
See t e x t
5
5 g
6 g

1909

100 & c

300,000

1903
1896
1900
1886
1887
1890
1892
1903
1908
1905
1888
1894
1895
1880
1902
1893
1906
1887

__
_ __

...

1,158
600
477
477
1,479

35
35
35,
20
88

...

S ize, or
Par
V a lu e

1896
1882
1878
1886
1897
1904
1897
1897
1902

$100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

O Q D E N M I N E R R . — O w ns N o la n ’ s P o in t (L a k e H o p a tc o n g ) t o S p a rta
(o r O gd en M ine) , N . J ., 10 m iles. L e a se d lo r 999 years fro m Jan . 1 1882
t o C entral R R . o f N . J . fo r 8 % p er a n . o n s to c k a n d $500 y e a r ly fo r o r g . e x p .
OGDENSBURO

&

LAK E

C H A M P L A IN

R Y .— See R u tla n d R R .

O H I O C O N N E C T I N G R Y . — O w ns brid g e o v e r O h io R iv e r near P it t s ­
b u rg h , P a ., a n d a p p ro a ch e s, 9.08 m iles. L e a se d fro m O c t . 20 1890 fo r no
•definite tim e t o P itts . C ln cln . Chle. & S t. L o u is R y . : ren ta l, net earn in gs.
S to c k Increased In D e c. 1902 fro m $ 1 ,0 0 0 ,0 0 0 t o $ 2 ,0 0 0 ,0 0 0 , In $50 shares.
B on d s are gu a ra n teed as t o prin cip a l a n d Interest b y e n d o rse m e n t b y P e n n ­
sy lv a n ia C om p a n y, w h ic h o n J a n . 1 1909 o w n e d th e en tire s t o c k . F o r m o f
g u a r a n ty , V . 8 1 , p . 669.
D Ivs. In 1906, 5 % : 1907 a n d 1908, 7 % .
F o r caly e a r 1908, gross, $2 8 3 ,0 1 0 ; n e t, $22 4,99 8; o th e r in c o m e , $47 ,5 2 7 ; ch a rge s,
$ 8 0 ,0 0 0 ; d lv s . ( 7 % ) , $14 0,00 0; b a l., s u r ., $ 5 2 ,5 2 5 .— (V . 8 2 , p . 752 .)
O H I O & K E N T U C K Y R Y . — O w ns fro m L e x . & E a s t. R y . a t J a c k s o n .
K y ., to ca n n el coa l fields In M organ C o u n ty . K y ., 26 m iles. O p e ra te d b y
L e x . & E a st. R y . , b u t In depen den t o p e r a tio n resu m ed In J u ly 1904.
C om ­
m on s t o c k , $2 0 0 ,0 0 0 ; preferred s t o c k , $ 1 0 0 ,0 0 0 ; b o n d s, as a b o v e , $ 2 5 0 ,0 0 0 ;
ju n io r s e c u r lte s t o be tak en b y s to c k h o ld e r s, $ 1 7 5 ,0 0 0 .
B o n d s are g u a r­
a n t e e d b y K e n t u c k y B lo c k C a n n el C oal C o . Y e a r en d in g Ju n e 30 1909, gross,
$76 ,667 ; n e t, $ 2 0 ,3 0 0 . In 190 7-0 8, g ro ss, $ 86 ,016 ; n e t , $24 ,201 ; ch a rge s,
$26 ,403 ; b a l., d e f ., $2 ,2 0 2 . P r e s ., W . d e L . W a lb r ld g e , 1 B ’ w a y , N . Y .
O H I O & L I T T L E K A N A W H A R Y — Z a n e sv ille , O .. t o M a rietta. & c.,
■80 m iles.
V . 69, p . 907.
B a lt. & O h io has p le d g e d un d er Its P itts . L .E .&
W e s t V a . m tg e . $58 5,00 0 c o m m o n an d $ 82 4,00 0 p r e f. s t o c k . V . 7 3 , p .
1264. S to c k Is, c o m ., $91 8,00 0; p r o f ., $ 1 ,1 6 7 ,5 0 0 . Y e a r 1908-09, gross,
$2 6 4 ,0 9 3 ; n e t , $45 ,7 5 7 .
In 190 7-0 8, gross, $27 8,76 6; o p . d e f ., $304; o th e r
In c o m e , $643; ch a rg es, $31 ,301 ; b a l., d e f .. $ 3 0 ,9 6 2 .— (V . 7 3 , p . 1264.)
O H I O R I V E R R R . — ( S e e B. A O. M a p .) — In J u ly 1901 p u rch a se d b y the
B a lt. & O h io R R . . w h ich has p le d g e d $ 5 ,8 8 4 ,4 0 0 o f th e $ 5 ,9 1 5 ,4 3 0 c a p ita l
•stock as p a rt s e c u r it y f o r Its o w n P it t s . L . E . & W . V a . 4 s . V . 7 3 , p . 287 .
O H I O R I V E R & W E S T E R N R Y . — O w ns B ellalre, O .. t o Mill R u n , O .,
I l l m iles; n a rrow -g a u g e tra ck a g e t o Z a n e sv ille , 1 m ile . In S e p t. 1906
a cq u ired “ c o u n t y ra ilw a y ” a t Z an e sv ille , 9 m iles. S u cce sso r Jan . 1 1903 to
B ellalre Z a n esv ille & Cine. R R . I n 1905 c o n tr o l rev e rte d t o orig in a l o w n ­
ers. V 8 0 , p . 163, 473 , 600 , 191 3. S to c k a u th o r iz e d , $ 4 ,0 0 0 ,0 0 0 ; o u t ­
s ta n d in g Ju n e 30 1909. $6 5 3 ,8 0 0 ; p a r , $10 0.
T h e sto ck h o ld e rs v o t e d D e c . 4 1906 t o Increase th e a u th o rize d s t o c k fro m
$ 1 ,2 0 0 ,0 0 0 t o $ 4 ,0 0 0 ,0 0 0 , t o ch an ge th e gau g e to s ta n d a rd , b u ild e x te n sio n s,
& c .; a ls o t o Issue n o t o v e r $ 4 ,0 0 0 ,0 0 0 o f 5 % b o n d s. V . 8 3 , p . 1099.
I n y e a r e n d in g Ju n e 30 190 9, g ross, $18 5,63 0; n e t, $20 ,6 0 6 . In 190 7-0 8,
g r o s s , $19 2,71 5; n e t , $25 ,468 ; ln t ., t a x e s , & c ., $31 ,075 ; b a l., d e f ., $5 ,6 0 7 .
P r e s ., S . L . M o o n e y ; T r e a s ., W . C . M o o n e y , W o o d s fle ld , O .— ( V .8 3 ,p .l0 9 9 .)
O K L A H O M A C E N T R A L R R . — O w ns L e h ig h , O k la .. t o C h lck ash a, 132
m ., c o m p le te d F e b . 1908. O n Jun e 5 1908 A sa E . R a m s a y w as a p p o in te d
re ce iv e r. V . 8 6 , p . 1344, 1410. O f $50 0 ,0 0 0 re ce iv e rs ’ ce rtfs . a u th o riz e d ,
a b o u t $ 2 0 0 ,0 0 0 h ad been s o ld In J a n . 1909; p r o b a b ly n o t o v e r $ 30 0,00 0
w ill b e Issued.
V . 8 8 , p . 158. In O c t . 1908 a m a jo r it y o f th e b o n d s had
been d e p o s ite d w ith a c o m m itte e , F . J . L Ism an, ch airm a n (C o lu m b ia
T r u s t C o ., N . Y ., d e p o s it a r y ).
V . 8 7 , p . 1160. In A u g . 1909 t h e A d a
T erm in a l R R . w as in c o rp o ra te d t o b u ild a 3 -m llc lin e t o c o n n e c t w ith th e
O k la h om a C en tral. S to c k (p a r o f shares $ 1 0 0 ), $ 2 ,6 4 0 ,0 0 0 , t o b e h eld u n til
1910 In v o t in g tru st co m p o s e d o f d ir e cto r s . W e ste rn T ru st & Savings B ank,
C h ica g o, Is m tg e . tr u s te e . S ee s t a te m e n t, V . 8 2 , p . 752 . F o r y e a r e n d in g
Jun e 30 190 9, gross, $15 4,53 8; d e f. u n d er o p e r . e x p ., $37 ,8 7 1 . P re s .,
D o rs e t C a rter, L eh ig h , O k la .; S ee. a n d T r e a s ., W . G . W a llin g .— (V . 8 7 , p .
1160; V . 8 8 , p . 158.)
O L D C O L O N Y R R . ( M A S S . ) — O w ns ro a d fro m B o s to n to P r o v ln c e to w n ,
M ass., N e w p o r t, R . I ., & c., 518 m iles; leases 101 m iles.
In Jun e 1907 a
bill w as pa ssed p e rm ittin g purch ase o f B o s to n & P r o v id e n c e (leased lin e ).
L E A S E .— In 1893 leased to N ew Y o r k N ew H a v e n & H a r tfo r d fo r 99
years. O f th e s t o c k , $6 ,9 0 4 ,3 0 0 w as o n Jun e 30 1909 held b y the lessee.
T h e lease p r o v id e s fo r d iv id e n d s o f 7 % p e r an n u m o n s to c k n o t e x c h a n g e d .
V . 7 6 , p . 247, 374. S to c k a u th ., $ 2 0 ,0 0 0 ,0 0 0 .
In A p ril 1908 $5 0 0 ,0 0 0 ,
In F e b . 1908 $ 7 ,6 0 0 a n d In F e b . 1909 $ 50 0,00 0 s to c k w as s o ld .
V . 86, p.
982 , 1101; V . 8 8 , p. 53, 375 , 4 5 3 , 507. In O c t . 1909 a p p lic a tio n w as m ade
t o Issue $ 1 ,2 0 0 ,0 0 0 a d d itio n a l s to c k t o be o ffe re d t o shareholders p ro rata
a t $195 p er s h a re, th e p r o c e e d s t o b e u sed In p a rt t o p a y $1 ,9 1 2 ,0 0 0 B o s to n
C lin ton F itc h b u r g & N ew B e d fo r d 5s m a tu rin g Jan . 1 1910. T h is w ill
m a k e $ 2 0 ,5 7 9 ,0 0 0 o u ts ta n d in g . V . 8 9 , p. 994.— (V . 8 8 , p . 507; V . 8 9 ,p . 994.)
O M A H A & D E N V E R S H O R T L I N E R R — P r o je c te d fro m O m a h a, N e b .,
to D en v er, C o l., a b o u t 500 m iles.
In c o r p o r a te d In C o lo ra d o In 1906.
S to c k a u th o r iz e d , $ 1 2 ,5 0 0 ,0 0 0 ; p ar o f shares, $ 1 0 0 .— (V . 83, p . 94.)
O P E L O U S A S G U L F & N O R T H E A S T E R N R R . — P r o je c te d fro m O p e ­
lou sa s, L a ., n orth ea sterly to a p o in t a t o r near the M ississippi R iv e r , an d
s ou th w esterly from O pelou sa s to th e G ulf o f M e x ico .
O f th e lin e, 57 m iles
fro m M elville to C row ley , w as o p e n e d O ct. 2 1907. S to c k a u th o r iz e d , $ 2 ,­
0 0 0 ,0 0 0 , o f w h ich T e x . & P a c. ow n s $ 1 ,4 0 0 ,0 0 0 : p a r o f shares, $25.
B on ds
a u th o r iz e d , $2 0 ,0 0 0 p er m ile , w ill b e g u a r, b y T e x . & P a c . as Issued. T h e
$ 1 ,1 4 3 ,0 0 0 b o n d s Issued D e c . 31 1908 w ere all o w n e d b y th e T e x . & P a c . V .
8 2 , p . 98; V . 8 3 , p . 688; V . 86, p . 792 . P r e s ., C. E . Satterlee; S e c ., P . B .
B e rt, O pelou sa s, L a .
N . Y . o ffic e , 195 B ’ w a y .— (V . 8 5 , p . 922.)
O R E G O N & C A L IF O R N IA R R .— (S ee M a p Southern P a c .) — P o r tla n d ,
O re ., t o C a liforn ia State line. 367 m .; A lb a n y J e t. to L e b a n o n . 12 m .; P o r t­
la n d t o C orva llis, 97 m .; W o o d b u r n t o N a tro n , 93 m .; P o rtla n d , O re ., to
A lrle e , O re., an d b ra n ch , 81 m .; M oh aw k J e t. to W e n d lln g , 16 m .; S p rin g­
field t o S prin gfield J e t ., 1 m .; tra ck a g e , 1 m . T o t a l, 666 m iles.
L E A S E , & c .— L eased t o S o u th ern P a cific C o. fo r 34 yea rs fro m A u g . 1
189 3, th e lessee g u aran teein g ln t. o n th e b o n d s an d th e lessor r e ce iv in g a n y
net p rofit a n d bein g ch a rged w ith a n y d eficit a fte r p a y m e n t o f charges. B e t­
term en ts are p a y a b le b y lessor. S ou th ern P a cific o w n s all bu t $38,802 o f
th e $ 1 9 ,0 0 0 ,0 0 0 s to c k , $ 1 2 ,0 0 0 ,0 0 0 o f w h ich Is 7 % p re f.
V . 72. p. 287.
D u e S ou th ern P a cific Ju n e 30 1908, $ 7 ,7 4 1 ,9 6 6 .
L itig a tio n , V . 88, p . 376.
B O N D S .— L a n d g ra n t a c r e a g e u n sold Jun e 30 1908, 2 ,3 4 1 ,8 1 6 , p a rt b e ­
in g co v e r e d b y the m tg e ., p r o c e e d s o f lan d sales g o in g to re d e e m b o n d s
(s u b je c t to call a t p a r ) . T h e S o u th e rn P a cific g u a r a n ty o f prin cip a l an d
in t e r e s t Is p r in te d on ea ch o f the 5 % b o n d s. S ee V . 63, p . 754




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B on d s— P r in c i­
p a l. When- D u e.
S tocks— L a st
D ividend
J u ly 1909 2 M %
S ep t 1 1943
J u ly 1 1926
M ch 1 1 9 5 0
Jun e 1 1936
A pr 11937
A u g 1 1920
J u ly 1 1922
S e p t 1 1953
N o v 15 1911
D ec 1 1945
O ct ’ 0 9 ,1 5 4 %
Jan 1 1938
■Feb 1 1924
D e c 1 1925
Jan 1 1910
J u ly 1 1932
F e b 1 1943
M ch 1 1 9 5 6
J u ly 1 1927
See t e x t .
Ju ly 1 1909 2 %
Jun e 1 1946
Feb 1 1922
J u ly 1 1933
J u ly 1 1926
J u ly 1 1946
D eo 1 1929
J u ly 1 1946
J u ly 1 1946
A p r 1 1922
A ug 20 1909
M atured
M ay 1923
O ct 1 1 9 4 5
N o v 1 1031

D K n ic k e r b o c k e r T r C o .N Y Jun e 1 1937

E A R N I N G S .— Y e a r e n d in g Ju n e 30 1908, g ro ss, $ 6 ,9 1 3 ,4 1 4 : n e t, $ 2 ,­
709 ,6 0 0 ; o th e r In com e, $500; l n t ., ta x e s , & c ., $ 1 ,7 6 0 ,2 8 6 ; b a l., s u r ., $ 9 4 9 ,8 1 4 .— (V . 8 0 . p . 2220: V . 88, p . 376 .)
O R E G O N R A I L R O A D & N A V I G A T I O N . — (See M a p U n ion P a c .) — E a st
P o r tla n d , O re ., to H u n tin g to n , O re ., 403 m .; U m atlH a, O re ., t o S p o k a n e ,
W a s h ., 227 m .: bran ch es o w n e d , 512 : leases S n a k e R iv e r V a lle y R R . , W a llu la t o G ranee C ity , W a s h ., 66 m .; o th e r , 16 m .; o w n s s ecu rities o f , b u t
leases, C o lu m b ia R iv e r & O re go n C entral R R . , A r lin g to n t o C o n d o n ,O r e .,
45 m ., an d C o lu m bia Sou th ern R y ., B iggs t o S h a n lk o , 70 m .; to ta l Ju n e 30
1909, 1,340 m iles, o f w h ich 13 n a rrow -ga u ge: r iv e r d iv isio n w a te r lines, 195
m iles. O cea n line t o San F ra n cisco , 660 m iles.
B ran ch fro m E lgin , O re .,
t o J o se p h , 63 m iles, also ex te n sio n o f S t. J o h n ’ s b r a n c h , 20 m iles, Is un d er
c o n s tru ctio n .
T h e O regon W a s h in g to n & Id a h o R R . Is b u ild in g fro m P o r tla n d , O r e .,
t o P u g e t S o u n d , a b o u t 230 m iles, o f w h ich L e w isto n J e t . t o L e w isto n ,
Id a h o , 72 m iles, w as o p e n e d J u ly 7 1908.
O R G A N I Z A T I O N .— O rga n ized In J u ly 1 89 6, p e r plan In V . 61. p . 3 2 5 .
an d V . 6 2 , p . 4 1 . C o n tro lle d b y U n io n P a cific R y ., d ir e ctly an d th ro u g h O re­
g o n S h ort L in e . O w ns $ 70 0,00 0 1st 5s (e n tire Issue) o f C o lu m b ia S o u th ern
R y ., B iggs, O re ., to S h a n lk o , 71 m iles. V . 7 3 . p . 1363.
S T O C K .— In J u ly 1909 all e x c e p t $2 0 ,1 0 0 c o m . a n d $ 3 ,4 1 0 p r e f. s to c k
w as o w n e d b y U n . P a c. s y s te m , bein g m o s tly d e p o s ite d u n d er O re. S h o r t
L in e re fu n d in g 4s o f 1904. V . 7 0 . p . 177; V . 8 0 , p . 1913.
D I V I D E N D S .— O n preferred , 1897, 2 % ; 1808 to J u ly 1909, b o t h In cl.,
4 % y e a r ly . O n com m on , 1 % J u ly 2 1898; In 190 8, 4 % .
O n F e b . 20 1908
an e x tra d lv . o f 7 5 % w as p aid o n Doth p r e f. a n d c o m . V . 8 7 , p . 1421.
B O N D S .— C on sol. 4s (a b s tr a c t V . 63, p . 928) unissued are m o s tly re­
se rv e d fo r a d d ’ l ro a d a t n o t m o re th a n $ 20 ,000 per m ile. V . 7 4 , p . 206.
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ____ G ross, $1 2 ,6 2 6 ,5 3 1 ; n e t ,$ 6 ,219,812
J19 07-08____ G ross, 14,1 4 9 ,7 0 4 ; n e t , 6,953,638
J u ly 1 t o Ju n e 3 0 .
F o r 10 m o s. e n d in g A p r. 30 1909, net a fte r ta x e s , $ 4 ,8 5 2 ,8 1 5 ; b o n d ln t .,
$75 6,70 0: o th e r ch arges, $38 5,31 6; p re f. d lv ., 4 % , $43 5,00 8; c o m . d lv .,
4 % , $95 9,17 6; b a l., s u r ., $ 2 ,3 1 6 ,6 1 6 .— (V . 87, p . 1421; V . 8 9 , p . 163.)
O R E G O N S H O R T L I N E R R . — (See M a p U n. P a c .) — G ra n ger, W y o . , to
H u n tin g to n , O re ., 542 m iles; b ra n ch to K e tc h u m , I d a ., 70 m .; O gd en to M cC a m m o n , I d a ., I l l m .; P o c a te llo t o S liver B o w , M o n t ., 256 m .; C ach e J e t .,
I d a ., to P r e s to n , U ta h , 42 m .; O g d e n , U ta h , t o S a n d y . 50 m .; su n d ry
b ra n ch e s, & c ., 426 m .; B u tte t o G arrison , M o n t ., 57 m ., o w n e d , b u t o p e r .
b y N o r. P a c .; tra ck a g e , 11 m .; to t a l, Ju n e 30 100 9, 1,565 m iles.
O n J u ly 7 1903 th e p o r tio n o f th e m ain line fro m S a lt L a k e C ity , U ta h , to
C allentes. N e v ., 340 m ., w ith so m e b ran ch m ileage and a d d itio n a l c o m p le te d
ro a d sou th o f C allentes, 512 m . in a ll, w as tak en o v e r un d er p u rch a se b y San
P e d ro L os A n geles & S alt L a k e R y ., th e O re. S h o r t L in e a cq u irin g a h a lf In­
terest In th e San P e d ro L . A . & S. L . V . 79, p . 170 5. V . 76, p . 919 , 1356;
V . 77, d . 38.
E x te n sio n t o S t . A n th o n y , 70 m ile s, w as c o m p le te d D e c . 1907.
In Jun e 1909 th e L cm b I & S alm on R iv e r V a lle y R R . w as In co rp o ra ted
as a s u b sid ia ry to b u ild e x te n s io n s , th e rou tes m e n tio n e d a g g re g a tin g a b o u t
535 m iles. V . 8 9 , p . 42.
H I S T O R Y .— S u ccessor M arch 16 1897 o f th e O re go n S h o rt L in e & U ta h
N o rth e rn R y ., fo re c lo s e d per plan In V . 62, p . 5 0 4 , 505. C o n tro lle d b y U n.
P a c ., w h ich h o ld s n ea rly th o en tire ca p ita l s t o c k an d th e g re a te r p a r t o f the
I n c o m e A an d B b o n d s .
V . 7 5 , p . 103 2. A c q u is itio n s In 1906, $ 3 6 ,3 9 3 ,­
432 4 } S % n o te s g iv e n In p a rt p a y m e n t m a tu rin g In M ch . an d S e p t. 1907.
V . 8 4 , p . 5 2 , 572, 932. In 1907 a c q u ir e d $ 5 ,6 8 5 ,7 5 0 s to c k a n d $ 1 ,0 3 4 ,0 0 0
b o n d s o f U tah L ig h t & R y ., S alt L a k e C ity . V . 8 3 . p . 1171; V . 8 7 , p . 1548-9
C A P I T A L S T O C K .— A u th o riz e d . $ 2 7 ,4 6 0 ,1 0 0 , o f w h ich U n io n P a cific
ow n s $ 2 7 ,3 5 0 ,7 0 0 ; rem ain der In tre a su ry . V . 6 8 , p . 1 8 8 ,3 8 1 ,4 7 4 . I n 1906
p a id 5 0 % d iv id e n d . V . 8 4 , p . 52.
B O N D S .— O f the $ 3 6 ,5 0 0 ,0 0 0 first con sols, $ 2 2 ,0 2 9 ,0 0 0 w ere reserved to
retire a t m a tu r ity the lo a n s n o t d is tu r b e d . T h e $ 4 ,9 9 3 ,0 0 0 U ta h &
N o r. 7s d u o J u ly 1 1908 w ere e x te n d e d t o J u ly 1 1933 a t 4 % . V . 8 0 , p . 1410.
Series A Incom es, n o n -c u m u la tlv e 5 Der c e n ts , h a v e r e c e iv e d : In S e p t.
1897, 4 % ; S e p t, y e a r ly sin ce, full 5 % , a t’ N . Y . o ffic e o r O ld C ol. T r ., B o s to n .
O regon R R . & N a v ig a tio n s t o c k , v iz .. $ 1 0 ,2 8 1 ,4 0 0 c o m m o n an d $97 6 ,9 0 0
pre fe rre d . Is o w n e d and p le d g e d as special s e c u r ity fo r the S e r ies B in com es,
b u t d iv id e n d s th ereon are to go t o tho S h o rt L in e c o m p a n y e x c e p t as n eed ed
t o p a y to Series B their full In terest.
In O o t. 1898 3 % and In O c t. 1899 to
1909. in c l., 4 % y e a r ly w as p aid o n Series B . V . 65, p . 572; V . 66. p . 1141.
T h e U nton P a cific ow n s $ 4 ,2 0 1 ,0 0 0 an d O re go n S h ort L ine $ 2 ,5 6 4 ,0 0 0 o f
$ 7 ,1 8 5 ,0 0 0 In c o m e " A ” b o n d s an d th e U . P . $ 1 4 ,8 0 4 ,0 0 0 o f th e $14 ,8 4 1 ,0 0 0
“ B ” b o n d s . V . 7 0 , p. 176.
.
J
T h e re f. g o ld gu a r. 4s (c o lla t. trust) o f 1904 (a u th o riz e d Issue, $ 1 0 0 ,0 0 0 ,­
000) are s u b je c t to call at 1 0 2 M sin ce D e c. 1 1907. T h o b o n d s w ere se­
cu re d b y p le d g e o f the fo llo w in g s to c k s : $ 5 ,0 0 0 ,0 0 0 N orth ern Secu rities;
$ 1 8 ,0 0 0 ,0 0 0 p r e f. an d $ 9 0 ,0 0 0 ,0 0 0 c o m . S o u . P a o . and $ 1 0 ,0 0 0 ,0 0 0 p re f. and
$20 ,0 0 0 ,0 0 0 c o m . O re. R R . & N a v . T h e co lla te ra l m a y be re p la ce d b y o th e r
o f equ a l v a lu e .
O f the b o n d s , $ 4 5 ,0 0 0 ,0 0 0 has be e n s o ld , th e rem ain in g
$ 5 5 ,0 0 0 ,0 0 0 bein g held In U n io n P a cific tre a su ry . See a b s tr a c t o f m o r t ­
ga ge , V . 80, p . 2 4 0 3 . V . 79. p . 2086; V . 80, p . 1913.
E A R N I N G S .— 12 m o s ., 11 9 0 8 - 0 9 G ross, $ 17,784,586; n e t, $ 1 0 ,470 ,88 4
J u ly 1 to Ju n e 3 0 .
) 1 00 7-0 8- .- G r o s s , 16,2 1 4 ,0 4 2 ; n e t,
8 ,6 4 1 ,6 2 4
F o r 7 m o s . e n d in g J a n . 31 1909, net o v e r ta x e s, $ 5 ,0 4 1 ,8 8 9 , again st
$4 ,8 8 7 ,5 2 9 In 1907-08: o th e r In co m e , $ 5 ,3 6 2 ,7 4 7 ; fix e d ch arges, $ 6 ,1 3 9 ,0 2 1 ;
b a l.. s u r.. $ 5 ,1 6 5 ,6 1 6 .
131
F in a n cia l o ffic e , 120 B ’ w a y , N . Y . C it y .— ( V . 89, p . 4 2 , 004.)
O R E G O N & S O U T H E A S T E R N R R . — T o e x t e n d fro m C o tta g e G ro v e ,
O re ., to the B oh em ia M in ing D is tr ic t, 34 m iles, o f w h ich C o tta g e G ro v e to
D ls s to n , 20 m ., c o m p le te d In O c t. 1906; b ra n ch e s , 4 m .; t o ta l, 24 m .
E x­
te n sio n fro m D lssto n to B o n ita , 6 m ., un d er co n s tr u c tio n In M c h . 1909.
S to c k a u th o r iz e d , c o m ., $ 50 0,00 0; p r e f., 7 % c u m ., $ 50 0,00 0; o u ts ta n d in g ,
$40 0 ,0 0 0 o f ea ch : p ar o f shares, $100.
P ro f. Is s u b je c t to call.
B o n d s , see ta b le . P r c s ..G .B .H e n g e n ,1 5 W illia m S t . ,N .Y . — ( V .7 5 ,p .l 3 5 .)
O S W E G O & S Y R A C U S E R R . — O w ns fro m O sw e g o , N . Y . , to S y ra cu se.
N . Y . , 35 m iles. Leased In 1869 d u rin g len gth o f ch a rte r an d renew al th e re o f
t o the D elaw are L a ck a w a n n a & W e ste rn R R . C o . fo r 9 % p er year o n $ 1 ,­
3 2 0 ,4 0 0 s to c k an d Interest o n b o n d s . T h e $ 4 3 8 ,0 0 0 7 % b o n d s w h ich m a ­
tu red M arch 1 1907 arc held In treasu ry o f D . L . & W .— V . 8 6 , p . 543.

R A IL R O A D S
F o r explanation o f colum n headings, & c ., see notes
on first page o f tables.
P a n -A m cr R R (M ex -G u a t) — 1st M (te x t) red 105-.C*
P a terson & H u d son R iv — S to c k 8 % ren t N Y L E & W
P a terson & R a n ia p o — S to c k (ren ta l g u a r a n ty ).............
P c m ig c w a s s c t V alley R R — S to ck (ren ta l g u a r a n ty )- P e n n sylva n ia R R — S to c k 5 5 0 0 ,0 0 0 ,0 0 0 —
-------------Tr
G eneral m ortg a g e b on d s $1,000 an d £200 e a c h - .c & r
C on sol m tge o f ) G old registered b o n d s --------------------- r
1873 secures G old c o u p o n b o n d s --------------------------c
all e q u a lly .
G old c o u p o n 8 f 1 % n o t d r a w n . _ c*
G. P .
Stcrl (s t In 1900) n o t d r a w n .c * r & r *
JG old o r s te r lin g ----------------- x c * r & r *
B on ds (P W & 1 s to c k as c o lla t e r a l)----------------------- r
3
N Y Ph lla & N o rf s to c k tr c t fs ________________
C ollateral trust loan gold n o t d r a w n --------------------- c*
C ollateral trust n otes $6 0 ,0 0 0 ,0 0 0 ------------------------------G old b on d s red eem a b le (te x t) c o n v e r t ib le — G P .c *
do
do
do
do
c*& r
P h ilad elp h ia & Erie m o rtg a g e (n ow first) g o l d — c
do
do
($ 5 ,2 6 3 ,0 0 0 are 5 s )------------ r
Sun b I la z & W U k first Series A draw n a t 1 0 0 ------ c
Secon d m ortg a g e In c o m e ---------------------- ---------- .c & r
Sun b ft Lew is first m tge $60 0 ,0 0 0 p & 1 g ___ G u P .c *
W e st Chester first m o rtg a g e a s s u m e d _______________
W e s t P en n co n s o l m o rtg a ge g o ld a s s u m e d - .P I P .c *
E lv e r F r o n t first m ortg a g e a s s u m e d --------------------------S ou th w est P en n 1st M s t $ 5 ,0 0 0 y e a rly n o t d r a w n .r
B a ld E agle V a lle y 1st M (s f d ra w n a t 1 0 0 ) - - F P .x r
J u n ctio n (P hlla) gen eral m o rtg a g e (n o w first) g o l d .
P itts V a & Ch first m tg e g o ld g u a r p & l . . G P . c * & r
E q u ip m en t tru st g o ld b o n d s (s f 5 % ) n o t d r a w n .. c *
P en n rollin g s to c u tru st g o l d -------------------------------------P en n car trust g o l d -----------------------------------------------------P en n car trust g o ld ------------------------------------------------------P en n eq u ip m e n t tru st g o ld $ 2 0 0,00 0 p aid y e a r ly —
do
do
$ 4 0 0,00 0 p a id y e a r ly ______
do
do
$40 0 ,0 0 0 p aid y e a r ly ______
P en n steel ca r trust g o ld $ 7 0 0,00 0 paid y e a r ly ------x O n co u p o n b o n d s J & J; o n registered b o n d s A & O

M iles
of
Road

D ate
of
B on ds
1903

14
14

—

307
307
43
43
56
5
138
4.62
131
94
2.96

a In

100
50
1867
$ or £
1879
1,000
1879
1,000
1893
1,000
1895
£200
1908
$ or £
1881
1,000
1908
1,000
1883
1,000
1907 5,0 0 0 & c
1902
500 & c
500 & c
1905
1,000
1869
1869
1,000
100 &c
1878
100 & c
1878
1896
1,000
100 & c
1879
1,000
1888
1,000
1882
1 ,000
1877
1880
1,000
1,000
1900
1,000
1904
1889
1,000
1,000
’ 9 8 -’ 90
1899
1,000
1900
1,000
1900
1,000
1901
1,000
1902
1,000
1902
1,000
clu d ln g $354,1

OVERTON COUNTY RR.— O w ns A llg o o d , T e n n ., o n S ou th ern R y „ t o
L iv in g s to n , 20 m iles; c o m p le te d M arch 1906.
E x te n sio n e asterly t o J u n c ­
tio n C ity, ICy., o n th e CIn. N ew O rl. & T e x a s P a c ., 76 m iles, u n d e r c o n s tr u c ­
tio n . S to c k a u th o r iz e d , $25 0 ,0 0 0 , t o be Increased to $ 2 ,5 0 0 ,0 0 0 . B o n d s ,
see ta b le a b o v e ; tru stee, C olon ial T ru st ft S av in gs B a n k , C h ica g o . V . 81,
p . 727. Car tru sts, $ 1 8 ,0 0 0 .
Y e a r e n d in g Ju n e 30 1909, gro ss, $31 ,5 2 4 ,
a g a in st $33 ,023 In 1907-08; n e t, $11 ,4 4 7 , a gain st $ 1 1 ,0 8 7 . P re s ., G e o . L .
W ilk in s, C h ica g o; S e c . a n d T r c a s ., E . C. K n ig h t, L iv in g s to n , T e n n .— (V .
83, p. 626; V . 8 4 , p . 103.)
OWENSBORO & NASHVILLE RY. — O w ns fro m O w e n s b o r o , K y ., t o

A d a lrvlllc, K y ., 84 m iles; M ud H Iver bra n ch , 4 m iles. O p e ra te d b y
L ou isville ft N ashville R R ., w h ich ow n s the $ 1 ,1 5 6 ,5 2 5 s to c k (p a r, $100)
an d the 5 1 ,2 0 0 ,0 0 0 first m o rtg a g e b o n d s — all these b o n d s a n d m o s t o f the
s to c k being p led g ed u n d er Its tru st deeds.
O Z A R K & C H E R O K E E C E N TR A L R Y .— See S t. Louis & San Francisco.
PACIFIC & EASTER N R Y .— O w ns M e d fo rd t o 6 m iles b e y o n d E a gle
P o in t , O re., 17 m iles, to be e x te n d e d 54 m iles to C rater L a k e ; 14 m iles to
B u tte Falls u n d er co n s tr u c tio n In O c t . 1909.
A cq u ire d the M ed ford &
C ra ter Lake R R . , b id In a t r e c e iv e r ’s sale M ay 11 1907. S to c k a u th o riz e d ,
$ 1 ,0 0 0 ,0 0 0 ; ou ts ta n d in g , $ 50 0,00 0: p a r, $10 0.
B o n d s (K n ic k e r b o c k e r
T r u s t C o ., N . Y . , trustee) are s u b je c t t o call a fte r Ju n e 1917 a t 105; o u t ­
s ta n d in g S e p t. 1909, $ 30 0,00 0, $34 0,00 0 a d d itio n a l b e in g ottered. V . 84,
p . 1552; V . 88, p. 1621.
P re s., J o h n R . A lle n , 49 W a ll S t ., N . Y . : V . - I '.,
J . F . R e d d y , M e d fo rd , O re .; S e c. a n d T r e a s ., G . P . H u m p h r e y , N . Y .— (V
8 8 , p . 1621; V . 89, p . 847.)
PACIFIC R A I L W A Y & N A V IG A T IO N C O.— (V . 88. p. 1314.)
P A N -A M E R IC A N R R . (M E X IC O -G U A T E M A L A ).— P r o je c te d fro m San
G e ro n lm o , M e x ., on the N a tion a l T e h u a n te p e c R R ., s o u th e a ste rly t o the
G u a tem a la b o rd e r, a b o u t 300 m iles, w ith c o n n e ctio n s t o the C ity o f G u ate­
m a la , o f w h ich 225 m iles o p e ra te d In M arch 1908; b a la n ce w as u n d e r c o n ­
s t r u c tio n .
In S e p t. 1909 D a v id E . T h o m p s o n , U . S . A m b a s sa d o r t o M exico,
It Is u n d e rs to o d , a c q u ir e d c o n t r o l. V . 89, p . 721 . M e x . G o v ’ t s u b s id y a b t .
$ 10 ,000 g old per m ile. S tk . a u t h ., $ 1 0 ,0 0 0 ,0 0 0 ; o u t s t ’g A p r. 1909, $ 1 ,0 8 4 ,­
6 0 0 . B on d s a u tli., $12,000 per m ile o f m ain tr a c k , b u t lim ite d b y su p p le m e n ­
tal m tg e. to $8,000 p er m ile u n til th e n et earnings are d o u b le the Interest
ch a rge on the en tire a u th o rize d a m o u n t.
In 1906 $1,0 0 0 ,0 0 0 b o n d s w ere
s o ld .
P res., D . P . D o a k , L o s A n geles, C a l.— (V . 83, p . 213, 436 ; V . 89,
p . 721.)
PANAA1A R R .— See Issue of Jan. 1908.

PATERSON & HUDSON RIVER. — O w ns fr o m M arlon , J e rs e y C ity ,
N . J . (sou th o f B ergen J u n c t io n ), t o P a te rso n , N . J ., 14 m iles; d o u b le tr a c k .
L eased In p e r p e tu ity a t $48 ,4 0 0 per y e a r fo r r o a d , $5,000 fo r la n d In J ersey
C ity and ta x e s , to Erie R R ., fo rm in g part o f m ain line.
PATERSON & R AM AP O R R .— O w ns fro m P a te rs o n , N . J ., t o N ew Y o r k
S tate L in e, 14 m iles, d o u b le tra ck , p a rt o f m ain line o f Erie R R . , t o w h ich
leased S ep t. 1852 d u rin g legal e x is te n ce , a t $ 26 ,500 .
PE M K 1EW ASSE T V A L L E Y R R .— P ly m o u th , N . H ., to L in c o ln , N . H ..
23 m .
Leased to C o n co rd & M on t, fo r 6 % o n s t o c k ; o p . b y B o s. ft M aine.

PENNSYLVANIA RR. — (.See M a p s .) — T h e s y s te m , as sh o w n o n the
a d jo in in g m a p s, ex ten d s fr o m N ew Y o r k C ity w e ste rly , via P h ila d e lp h ia ,
t o P itts b u rg h , Erie, C levelan d , T o le d o , C h ic a g o an d B u rlin gton on the
n orth and to W a s h in g to n , C in cin n a ti, L o u isv ille & S t. L ou is on th e s o u th .
T h e tota l system on Ja n . 1 1909 a ggre ga te d 11,293 m iles, o f w h ich 3,8n2
m iles represents the m ileage o p e r a te d directly u n d e r the ca p tio n " t h e lines
east of P ittsbu rgh an d E r ie ,” an d 2,914 the m ileage o p e ra te d d ir e ctly u n d er
th e ca p tio n “ the lines west o f P ittsb u rg h and E r ie ,” th e latter be in g m ore
fu lly describ ed u n d er the title P e n n sy lv a n ia C om p a n y an d P ittsb u rg h C in­
cin n a ti C h ica go ft S t. Lou ts. T h e o th e r lines are o p e ra te d in d e p e n d e n tly .
M ile s .
E ast o f P itts b u r g h and Erie.
M ain Line and B ran ch es— M ile s . T r a c k a g e ...................... ..................... 268
REPORTED SEPARATELY—
P h ilad elp h ia to C olu m b ia , P a . .
81
710
P h lla .,P a .,t o N ew B os. J c t .,& c . 293 P h lla. B a lt. & W a s h in g to n ____
H arrisbu rg, P a ., to P it t s b ., P a . 245 N orth ern Central R y * __________ 447
E ric, P a ., to S u n b u ry , & c _____
307 W est Jersey & Seashore R R , * . . 339
B ran ch es an d sp u rs____________ 895 C u m b erlan d V alley R R . * ______ 163
L o n g Is la n d * ------------------------------- 302
88
T o ta l m ain line & b r a n c h e s ..1 ,8 2 1 B a lt. Clies. ft A tlan tic R y --------L in es oper. by lease or contract—
M aryland D elaw are & V ir g in ia .
78
H ar. P orts. M t.J o y . & L a n . R R .*
2
R o ssly n C o n n e ctin g ____________
1
D lllcrsvllle t o H a r r is !).,P a .,& c . 53 P h iladelph ia & C am d en F e r r y . .
U n ited N ew Jersey R R .,* T re n ­
ton to J e rs e y C ity , & c _______ 149
G rand total east o f P . & E — 6,3 4 8
P h iladelph ia & T r e n to n R R . * . .
26
W e s t o f P ittsb u rg h and E rie.
A llegh en y V a lley R y .* __________ 264
R E P O R T E D D IR E C T L Y —
W estern N ew Y o r k & P e n n .* . . 554 P itts. Ctn. C h ic. ft S t. L o u i s * . .1 ,5 6 9
37 P e n n sy lv a n ia C om pa n y l in e s * ..1 ,3 4 5
C on n ectin g R a ilw a y * ....................
L in es operated under contract—
C a m bria & C learfield R R . * ____ 393
T o ta l re p o rte d d ir e c t ly _______ 2,914
B elvldere D elaw are R R . * _____
81
R E PO R T E D S E P A R A T E L Y —
P h lla . ft L on g B ran ch R R --------49 G rand R a p id s & In d ian a lin e s * . 575
D elaw are R iv e r R R . ft B ridge*
10 V a n d alla R R . * . ................
923
O th er lines (tncl. D . & R . Canal
O th er lines (see P e n n sy lv a n ia
66 m ., and ferries, 2 m . ) ------- 467
C om pa n y s t a t e m e n t )________
537
T o ta l In P en n . R R . s t a t is t ic s .3,8 6 2
T o ta l system Ja n . 1 190 9___ 11,297
•See each c o m p a n y ’s s ta te m e n t.
O R G A N I Z A T I O N , L E A S E S , & c.— T h e ch a rte r o f th e P e n n sy lv a n ia R R .
w as d a ted A pril 13 1846. T h e P e n n sy lv a n ia C om pa n y c o n tr o ls all the lines
w est o f P ittsb u rgh an d Erie, the P e n n sy lv a n ia R R . C o . h old in g all Its s t o c k .
In 1900 a cq u ired m ost o f s to c k an d Incom e b o n d s o f W estern N ew Y o r k &
P en n sy lv a n ia .
V . 72, p . 481.
T h e W estern N ew Y o r k ft P e n n sy lv a n ia R y . an d the A llegh en y V a lle y
R y . were taken o v e r u n d er lease In 1900.
In M ay 1900 p u rch a se d a
m a jo rity o f L o n g Isla n d R R . s to c k .
V . 72, p . 4 8 l
VVestcrn P en n sy lv a n ia




Am ount
O utstanding

$1,0 0 0
50

__

974
974
974
974
974
974

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

$1 ,000,000

R ate
%

W hen
P a ya ble

W here P a y a b le, and by
W hom

&
J
J A m e r T r & S a v B k . C h ic
5 g
630 .000
8
.1 &
J P a te r s o n , N J
8
298 .0 0 0
J
ft
J
do
541 ,5 0 0
F ft A T re a s O ff, C o n c o r d , N H
6
3 1 6 ,2 2 8 ,8 0 0 6 In 1908 M ft N O ffic e , P h ila d elp h ia
1 9 ,9 9 7 ,8 2 0
6
See X O ffic e , P h lla an d L o n d o n
3 .4 9 8 .0 0 0
5 g
Q — M O ffic e , P h ila d e lp h ia
1 .5 0 0 .0 0 0
M ft
do
do
S
5 g
2 .6 6 0 .0 0 0
M ft N F a rm e rs’ L ft T r C o , N Y
4 g
4 .8 5 0 .0 0 0
ft
J L o n d o n , E n gla n d
g J
3 9 .4 0 0 .0 0 0
4
M ft N
7 .4 3 5 .0 0 0
4
j
&
J P en n C o fo r In s , & c, P h il
7 ,4 7 8 ,2 5 0
4
j
ft D
0 ,7 8 6 ,0 0 0
ft D P r o v id e n t L & T C o , Ph il
4 'A g j
6 0 ,0 0 0 ,0 0 0
5
M ft S 15 O ffic e , P h lla & L o n d o n
18.8 4 8 .0 0 0
g M ft N A m e r E x B k , N Y ; & P h il
0 8 .5 9 2 .0 0 0
3*J g J
& D A m E x B k , N Y , P h il, &c
8 .6 8 0 .0 0 0
J
6 g
ft
.T B road S t S ta and L o n d o n
11.1 4 3 .0 0 0 4 g & 5 g A
& O B road S t S ta tio n , P h lla
a l ,0 00,000
5
M
N
do
do
1 .3 4 9 ,5 0 0
6
M ft N
do
do
500 .0 0 0
4 g
J
ft
J
do
do
75,0 0 0
5
M ft
S
do
do
4 .0 0 0 .
000 g
4
.1 ft 1)
do
do
212.000
4*i
M & N
do
do
862 ,0 0 0
7
F
& A
do
do
284 .000
6 cu r J
&
J F id e lity T r u s t C o , P h lla
725 .0 0 0
& O B ro a d St S ta tio n , P h lla
3H g A
6 .0 0 0 .
000 g
4
M ft N N ew Y o r k * P h ila d elp h ia
2 .5 4 6 .0 0 0
M ft
4 g
S G irard T r u s t C o , P h lla
3 0 0 .0 0 0
J
do
do
3H g
y
300 .0 0 0
3
g
0 —F
do
do
7 0 0 .0 0 0
3>4i g
do
do
y —F
4 0 0 .0 0 0
M C o m m e rcia l T r C o , P h lla
3*i g y
800 .0 0 0
M
3*i g y
do
do
1 . 200.000
U
3*i g
do
do
y
2 , 100,000
3H
J
do
do
y
00 b o n d s he Id a liv e 1 n sinking fund.

B on ds— P r in c i­
p a l, W hen D u e
S tocks— Last
D ividend
Jan 1 1934
J u ly 1909
4%
J u ly 1909
4%
A u g 1909
3%
M ay 29 ’ 09 3 %
J u ly 1 1910
S ept 1 1919
S e p t 1 1919
M ay 1 1943
J u ly 1 1945
M a y 1 1948
J u ly 1 1921
Ju n e 1 1948
Jun e 1 1913
M ch 15 1910
N ov 11912
O ct 1 1915
J u ly 1 1920
J u ly 1 1920
M ay 1 1928
M ay 1 1938
J u ly 1 1936
S e p t 1919
Jun e 1 1928
M a y 1 1912
F e b 1 1917
J u ly 1 1910
Apr 11930
N o v 1 1943
S ept 1 1914
A p ril 1910
N o v 1909
F e b 1910
D e c 1909-1910
Jun e 1910-1911
M ch 1910-1912
J u ly 1910-1912

a n d o th e r road s c o n n e c tin g w ith th e m ain line w ere m e rg e d A p ril 1 190 3.
th e P itts b u rg h Virginia ft C h arleston In 1905 a n d the P h ila d e lp h ia & E rie
M ay 1 1907. V . 76, p . 48 6 , 594; V . 8 0 , p . 1112; V . 8 4 , p . 118 3. T h e
s to ck h o ld e rs v o t e d M arch 13 1906 t o p u rch ase th e A lle g h e n y V a lle y R y ..
S o u th W e s t P e n n sy lv a n ia R y . an d Y o r k H a v e n & R o w . R R . a n d o n M arch
10 1908 t o purch ase the S ou th w est C o n n e ctin g R y ., J u n ctio n R R . a n d B a ld
E agle V a lle y R R .
V . 8 2 , p . 453 , 629; V . 8 4 . p . 626; V . 8 6 , p . 4 2 2 .
I n J a n . 1909 $ 2 ,4 9 2 ,7 5 0 o f th e N ew Y o r k P h ila d elp h ia ft N o rfo lk $ 2 ,5 0 0 ,­
000 s to c k had a c c e p te d th e o ffe r to b u y the s to c k w ith 4 % 4 0 -y e a r tru st cer­
tifica te s, gu aran teed p rin cip a l an d Interest b y P e n n s y lv a n ia R R . , on the
basis o f $3,0 0 0 c t fs . fo r $1,000 s to c k . V . 8 6 , p . 1590; V . 88, p . 631 .
S E C U R I T I E S O W N E D .— T h e to ta l c o s t o f these t o J a n . 1 1909 was
$ 2 3 2 ,0 9 4 ,7 9 4 ; m a n y o f w h ich are p led ged t o secure P e n n s y lv a n ia issu es.
R e v e n u e d e riv e d fro m these securities in 1908, $ 1 1 ,2 8 7 ,7 4 4 .
D I V S . ’ 89. ’ 90. '9 1 . ’ 92. ’ 93 t o ’ 99. ’ OO-May’ 0 6 . N o v . ’ 06. '0 7 . '0 8 . 1 90 9.
P . C ._ 5 5 H
6
6
5 y e a rly .
6 y e a r ly .
3 Vi
7
6 M ay, 3
In 1893 p aid also 2 % In scrip.
S T O C K .— T h e sto ck h o ld e rs M arch 10 1903 a u th o r iz e d an Increase In
s t o c k fro m $25 1 ,7 0 0 ,0 0 0 t o $40 0,0 0 0 ,0 0 0 , t o be m a d e fro m tim e t o tim e In
th e d iscre tio n o f the dire cto rs. O f th e s t o c k , $ 2 0 ,9 8 0 ,3 5 0 w as Issued A p ril
1903 In e x ch a n g e fo r c o n v e rtib le d e b e n tu re s .
(See b e lo w .)
In 1903 sold
$ 75 ,094 ,75 0 new s to c k a t $60 p er $50 sh are. V . 76, p . 3 8 3 , 4 8 8 , 594, 706 ,
1193; V . 77, p . 3 7 . 770.
S to ck h o ld e rs o n M arch 12 1907 a u th o riz e d Increase o f th e s t o c k a n d
b o n d s b y $ 10 0,00 0,0 00 e a c h , t o be issued fro m tim e t o tim e as req u ired ,
$ 6 0 ,0 0 0 ,0 0 0 collateral trust 5 % g o ld n otes d a te d M arch 15 1907 fo rm in g
p a rt o f th e $10 0 ,0 0 0 ,0 0 0 b o n d s an d th e $4 0 ,0 0 0 ,0 0 0 4s so ld A p ril 1908
th e rem a in d er. V . 8 4 , p . 103, 626; V . 8 6 , p . 1043. S to ck h o ld e rs v o t e d
M arch 9 1909 t o Increase th e c o m p a n y ’s In debtedn ess b y $ 8 0 ,0 0 0 ,0 0 0 t o
p r o v id e fo r th e $60 ,0 0 0 ,0 0 0 5 % n o te s m a tu rin g M arch 15 1910 an d $ 2 0 .­
000 ,0 0 0 general 6s m atu rin g J u ly 1 1910. V . 8 8 , p . 101, 686 , 824 .
B O N D S .— C onsolidated mortgage o f 1873, see “ S u p p le m e n t” o f O c t . 190 1.
In A p ril 1908 $4 0 ,0 0 0 ,0 0 0 4 % con sols w ere s o ld . V . 8 6 , p . 1043. 1101.
In 1902 w ere Issued $5 0 ,0 0 0 ,0 0 0 1 0 -ye a r 3
g o ld b o n d s , d a te d N o v . 1
1902, o f w h ich $ 3 0 ,0 2 4 ,0 0 0 w ere c o n v e r te d In J u ly 1909 Into s t o c k a t $70
per share a n d b a la n ce are c o n v e r tib le a t h o ld e rs’ o p t io n a t $70 per share a t
a n y tim e; th e y m a y b e ca lled fo r p a y m e n t a t 102
on a n y ln t. d a y , b u t If
called c o n v e r te d on basis sta te d . See V . 74, p . 577; V . 8 7 . d . 1421.
In 1905 s to ck h o ld e rs su b scrib e d at p ar fo r p a rt o f $ 1 0 0 ,0 0 0 ,0 0 0 o f 3 H %
g o ld b o n d s, th e b a lan ce be in g taken b y a s y n d ic a te . T h e b o n d s are (since
D e c. 1 1905) c o n v e r tib le a t o p tio n o f h o ld e r a t a n y tim e in to s to c k a t $75
per $50 share unless p r e v io u s ly called fo r r e d e m p tio n o n D e c. 1 1910, o r
a t a n y su b se q u e n t Interest p eriod o n 90 d a y s ’ n o tice , a t p ar a n d Interest; b u t
w hen so called th e y m a y be c o n v e rte d u p to 30 d a y s p r io r t o th e d ate n am ed
In said n o tice fo r re d e m p tio n .
A p art o f the pro ce e d s w as used to retire the
$2 7 ,4 8 0 ,0 0 0 6 % b o n d s m atu rin g June an d J u ly 1905; ba la n ce fo r im p r o v e ­
m en ts. See V . 80, p . 1112, 1236, 1913; V . 81, p . 1437.
As t o new b o n d s a u th o riz e d In 1907 a n d 1908. see S T O C K a b o v e .
G E N E R A L F I N A N C E S .— In 1901 o b ta in e d c o n tr o l o f th e P en n sylva n ia
a n d C am bria Steel co s. See “ Industrial c o s .” a n d V .7 2 ,p . 1280; V .8 2 ,p .8 0 5 .
In M ay or Ju n e 1910 the c o m p a n y e x p e c ts t o o p e n Its passenger e le c tr ic
tu n n el railroad fro m Jersey C ity und er the N o rth R iv e r to a ce n tra l passenger
s ta tio n a t 33d S t. an d 7th A v e ., N ew Y o r k C ity , an d th en ce u n d e r the East
R iv e r t o a c o n n e c tio n w ith th e L o n g Isla n d R R . In L o n g Isla n d C ity ,
u n d e r th e nam e o f P en n sylva n ia T u n n el ft T e rm in a l R R .
T h e tunnel w ill a ffo rd e n tran ce Into N ew Y o r k C ity fo r th e P en n ­
s y lv a n ia R a ilr o a d an d th e L o n g Isla n d R a ilr o a d , p e rm ittin g th rou gh
trains b y rail d ire ct fro m th e S o u th a n d W e s t to all po in ts In N ew E n gland
v ia the bridge fro m M ott H a v e n to L o n g Isla n d , w h ich Is to be bu ilt b y th e
N ew Y o r k C o n n e ctin g R R .; see V . 71, p . 913: V . 72, p . 1280; V . 73, p .
1264; V . 74. p . 380 , 478 , 831 , 884, 1308; V . 75, p . 1203. 1302. 1355; V .
8 2 , p . 1269; V . 8 4 , p . 34 0 . 1552; V . 86, p. 608; V . 8 7 . p . 813 , 1238; V .
88, p . 631; V . 89, p. 666 , 919 .
T h e $6 0 ,0 0 0 ,0 0 0 3 -y e a r 5 % notes, d a ted M arch 15 1907, p r o v id e d f o r
th e p a y m e n t o f th e $ 5 0 ,0 0 0 ,0 0 0 P e n n sy lv a n ia C o. n otes m atu rin g N o v . 1
1907 an d c o n s tr u c tio n , <5cc., requ irem en ts In 1907. T h e y are se cu red b y
d e p o sit o f $4 5 ,0 0 0 ,0 0 0 P e n n . R R . 4 % e q u ip m e n t c e r ts ., $ 1 0 ,0 0 0 ,0 0 0 w aters u p p ly 4 % tru st ce rts, an d $ 8,800,000 P en n . C o . s t o c k . V . 8 4 , p . 4 5 1 , 571.
In Ju n e 1906 th e issue o f $ 50 ,000 ,00 0 (2 5 0 ,0 0 0 ,0 0 0 fra n cs) F ren ch loan
(P e n n . C o. gu ar. 3 J < % b on d s) was so ld t o p a y part o f c o s t ($ 4 2 ,0 0 0 ,0 0 0 )
o f e q u ip m e n t a n d c o m p le tio n o f the w a te r-s u p p ly s y s te m .
In A pril 1908 $ 40 ,000 ,00 0 4 % consols w ere sold t o p r o v id e fo r co m p le tio n
o f N ew Y o r k term in als an d o th e r c o n s tru ctio n w o rk .
V . 8 6 , p . 1043, 1101;
V . 8 8 , p . 631 .
In M ay 1909 $ 8 ,1 0 0 ,0 0 0 4 % gen eral fre ig h t e q u ip , trust
c t fs . w ere s o ld . V . 8 8 , p . 1254.
O n D e c. 31 1908 the P e n n sylva n ia C om p a n y held ( V . 8 6 , p . 1281) the
s u b jo in e d a m o u n ts o f the fo llo w in g Issues (co m p a re ta b le a b o v e ) , re c e iv e d
In w h ole o r In p a rt In c o n n e c tio n w ith a fo re sa id F re n ch Issue.
P a .S te e l R o ll. S t k .T r .4 % -$ 1 ,5 0 0 ,0 0 0 P en n . G e n . F r t. E q . T r .
P a . Steel F reight Car T r .
4 % ’ 07, $ 1 0 0 ,0 0 0 ,0 0 0 -$ 1 4 ,2 0 0 ,0 0 0
4 % g o l d - .......... ................ 5 ,300,000 P e n n sy lv a n ia R R . W a te r
P a-.S te e l E q .I m.p . T r .4. % . . 7 ,000,000
---.
.
.
.
S u p p ly T ru s t 4 % ______
7 ,0 0 0 ,0 0 0
As to $ 1 0 0,00 0,0 00 e q u ip , trust a u th . In 1907. see V . 8 4 , p . 231 , 340 .
In S ep t. 1906 a b o u t h a lf o f th e c o m p a n y ’s h old in gs In B a ltim o re & O h io
(see th a t co m p a n y ) a n d N o rfo lk & W estern s to c k w ere s o ld , re a liz in g a b o u t
$ 5 0 ,0 0 0 ,0 0 0 , the N . ft W . so ld s to c k (a b o u t $16 ,0 0 0 ,0 0 0 ) be in g rep u rch a sed
In A p ril 1909; also in D e c. 1906 $1 5 ,6 3 0 ,0 0 0 Ch es. ft O h io s t o c k .
V . 83,
p . 562, 1412: V . 85. p . 655 .
In N o v . 1906 th e d iv id e n d rate w as Increased fro m 6 % t o 7 % , b u t In
M ay 1908 again re d u ce d to 6 % .
O n F e b . 1 1908 passenger rates w ere re­
s to re d t o o ld basis, th e 2 -ce n t law In P e n n sy lv a n ia h a v in g been d ecla red
u n co n s titu tio n a l. V . 86, p. 230, 286.
In crease In s tk . and b o n d s a u th . M ch . 1908 an d 1909, see “ S t o c k ” a b o v e .

108
RAILWAY STOCKS AND BONDS
[Vol.
lxxxix .




Oct., 1909.]

RAILW AY STOCKS AND BONDS.

1»)9




R A IL R O A D S .
F o r exp la n a tion of colu m n headings, & c ., see notes
on first page o f tables.
P e n n s y lv a n ia R R — (C on cluded) —
P en n steel ca r tru st g o ld 5 3 0 0 ,0 0 0 p a id y e a r ly .
do
do
do
do
P e n n s y lv a n ia
do
P e n n s y lv a n ia
P e n n s y lv a n ia

do

do

_
_
do
do
5
do
do
5
Steel freig h t c a r trust
do
do
, ________________
_
Steel e q u ip m e n t Im p ro v e m e n t t r u s t - .
general freig h t e q u ip m e n t trust

G u a r tr certs 5 2 0 .0 0 0 ,0 0 0 g gu P a R R S cr A _______ r
do
do
do
do
S e r B .G P .c * .
do
do
do
do
Ser C _______c*
do
do
do
do
Ser D ________
G o ld loan 5 1 ,3 3 4 ,0 0 0 draw n y r ly g gu P a R R ___ G P
G o ld loan red a fte r 15 yrs (g u a r V 83 p 1229) . G P .c *
F ren ch loan 2 5 0 ,0 0 0 .0 0 0 fr gu a r red fro m 1 9 1 8 .. G P
Penn M on on g a h ela & S ou — 1st M 5 1 ,0 0 0 ,0 0 0 g -------G P
P e n n s y lv a n ia & N orth W e s te rn — See C a m b ria & Clear
P eoria & B ureau V a lley— S to c k rental (see text)
P eoria & E a stern — In d B lo o m & VV 1st M p f - . C e . c & r
O hio In dian a A W es t 1st M p re f g o ld Int g u a r .C e .c *
P e o & E 1st (con s) M 5 1 0 ,0 0 0 ,0 0 0 Int g u a r ____ C e .c*
In c o m e m o rtg a g e n o n -c u m u la tlv e ........ .............
C e.c
P eoria & Pek in U n ion — F irst m o rtg a g e g o l d -------- C e .c
S econ d m ortg a g e g o l d --------------------------.C e .c
P eoria R y T e r m — F irst M gu g red 102 b e g 1 9 1 7 . IC .c*
S e c o n d m o r tg a g e ________________________________
P ere M a rq u ette— C om m on s t o c k _________________
F irs t p ref (also as to assets) 4 % cu m a fte r 3 A years
S econ d preferred 4 % n o n -c u m u la t lv e ________________
O u tsta n d in g s to c k o f c o n s titu e n t c o m p a n ie s _______
R e fu n d M 5 6 0 ,0 0 0 ,0 0 0 g ______________
C e .c * A r
D e b en tu res 5 5 ,0 0 0 ,0 0 0 _______ _________________________
Chle 8- W est lUlrh ls » M _______________________ NB.C*

Of
Road

of
B onds

S ize, or
Par
V a lue

I N T E R E S T OR D I V 1 D E N D S .
Am ount
O utstanding

1902
5 1,0 0 0
590 0.00 0
3A
1902
1,000
2 ,0 0 0 ,0 0 0
3H
1903
1,000
2 ,0 0 0 ,0 0 0
3A
1903
1,000
2 ,0 0 0 ,0 0 0
3A
1903
1,000
8 0 0 ,0 0 0
1905
1,000
1,8 0 0 .0 0 0
4 g
1905
4
1,000
4 .2 0 0 .0 0 0
1906
1,000
4
2 .4 0 0 .0 0 0
1906
1,000
4
7 .0 0 0 .
000
190 6-7
2 7 .0 0 0 .
000 4
1892
1,000
4.4
2 00 ,000
1893
1,000
2 .0 0 0 . 000
4 g
1881
1,000 19,4 6 7 ,0 0 0
4A
1897
1,000
4 .6 0 2 .0 0 0
3 'A
1901
1,000
9 .1 4 5 .0 0 0
3A
1902
1,000
4 .7 2 7 .0 0 0
3A
1904
1,000 1 0 .0 0 0 .
000 3 A
1901
1,000
9 .3 2 8 .0 0 0
3A
1906
1,000 2 0 ,0 0 0 ,0 0 0
4 g
1906 500 fr & c 4 8 ,2 6 2 ,5 4 8
3h
1908
540 .000
4 g
field R y .
47
100
1.500 000
8
202 1879
100 A c
985 ,100
4
342 1888
500 A c
500 000
5 g
342 1890
1,000
8.500 000
4
342 1890
1,000
4.0 0 0 000
4
20 1881
1,000
1,495 ,000
6 g
20 1885
1,000
1,499 ,000
4A
1907
...
1,000
4 g
944 ,000
280 ,000
4 ,53S ,900
100
100 11.157 .100
—
...
100
749 ,100
12,051 ,900
1905
1,000 12,133 ,000
4 g
1907
5.000 ,000
6
1.000
491 1881 '
5.758 .000
5
.

W hen
P a yable

Rate
%

Q—J

Q— M
Q— M
Q— F
g
Q— F
g
Q— M
Q— S
Q—J
Q - J
Q - -F
M A
S
M A N
A
J
g J
S
SM A
S F A A
A D
e J
A D
e J
g M A N
A
A O
J
A D
J
A
J

g

W here P a y a b le, and by
W hom

C om m ercia l T r C o, P h lla O ct 1910-1912
do
do
D e c 1909-1912
M ch 191 0-1 913
do
do
M ay 1910-1913
do
do
A u g 1910-1913
do
do
M ay 1910-1915
do
do
S ep t 1910-1915
do
do
Jun e 1910-1916
do
do
do
do
Ian 1910-1916
F id e lity T r u s t C o , Ph lla T o N o v . 1917
Sept 1 1912
P h iladelphia
F a rm e rs’ L A T r C o . N Y M ay 1 1923
N ation a l C ity B a n k , N Y J u ly 1 1921
U n ion T r , N Y ; & P h lla ;S e p t 1 1937
lA m e r E x B k , N Y , A f F e b 1 1941
/G ir a r d T r u s t C o , P h lla /[D e c 1 1942
P h lla , P a , an d N ew Y o rk ; D e c 1 1944
N e w Y o rk A P h ila d elp h ia N o v 1 1916
G irard T r C o , P h lla & N Y A p r 1 1931
Cred L y o n , A c , P a ris, F r Jun e 15 1921
P h ila d e lp h ia , Pa
Jan 1 1048

F
A

A A
A O
Q— J
A A O
A p ril
3— F
e M A N
J
A
J N ew

J
J
J

A
&
*

B on d s— P r i n c i ­
pal, W hen D u e
S tocks— Last
D ividend

do
do
do
Y ork

A u g 10 1909 4 % .
C o , N Y A p r 1 1940
A p r 1 1938
do
A p r 1 1940
do
A p r 1 1990
1 1908
C o , N Y F e b 1 1921
do
F e b 1 1921
Jan 1 1937

J J P M organ & C o , N Y Jan 1 1055
J
o
do
J u ly 1 1912
D .1 P M organ A C o . N Y D ec 1 1921

N ew b o n d Issues o f a ffilia te d c o m p a n ie s In 1003-09 In clu de In p art
N ew Y o r k B a y 4 s--------------- 5 3 ,8 4 0 ,0 0 0 P en . M o n . & S o u th . 4 s
5 5 4 0,00 0
P h lla . B a lt. A W a s h . 4 s . . 1 5 ,0 0 0 ,0 0 0 P e n n . C o . F re n ch fr . lo a n .4 8 ,2 6 2 ,5 4 8
L on g Isla n d R R . 4s, g u a r . 2 2 ,4 0 8 ,0 0 0 P itts . V a . & C h ari. 4s, g u . 6 ,0 0 0 ,0 0 0
P en n . C o. 4 ^ % g u . n o te s 5 0 ,0 0 0 ,0 0 0 P itts . C ln . C h i. & S t. L ___ 1 0 ,0 0 0 ,0 0 0
P en n . C o. 3 A % g u .t r .c t f s .15,000,000 V a n d a lla R R _____________ 1 0 ,0 0 0 ,0 0 0
P en n . C o. 4 % b o n d s ---------2 0 ,0 0 0 ,0 0 0 W a s h in g to n T e rm in a l C o . 1 0 ,0 0 0 ,0 0 0
In June 1903 allied Interests p u rch a s e d 5 6 ,9 2 4 ,2 0 0 o f th e 5 1 1 ,0 0 0 ,0 0 0
H o ck in g V a lle y R y . c o m . s t o c k ; see th a t c o m p a n y , V . 7 7 , d . 1225.
L A T E S T E A R N I N G S .'— J a n . 1 t o A u g . 31 (8 m o s .) , directly operated:
L in es east o f P i t t s b u r g h /190 9_________ G ross, 5 9 6 ,6 0 3 ,7 1 3 ; n e t, 527 ,1 3 4 ,9 2 4
a n d E r ie ........ ................ /1 9 0 8 --------------- G ross, 8 6 ,9 5 0 ,0 1 3 ; n e t, 2 3 ,9 6 3 ,2 2 4
L in es west o f P . & E .,i n c . o r [dec. G ross, in c ., 57 ,3 9 6 ,0 0 0 ; n e t, in c ., 5 1 ,9 7 9 ,6 0 0
A N N U A L R E P O R T . — F iscal y e a r en d s D e o . 3 1 . A n n u a l m e e tin g Is
held a t P h ila d elp h ia o n s e c o n d T u e s d a y In M arch . T h e r e p o r t fo r 1908 w as
g iv e n In V . 8 8 , p . 62 2 , 630; see also e d ito ria l, p . 598 .
E A R N IN G S O F A L L L IN E S B O T H E A S T & W E S T OF P IT T S . A E R IE .
1908.
1907.
Y e a r en d in g D e c . 3 1 —
5
5
G ross e a r n in g s ________________________________________2 7 6 ,3 3 8 ,8 0 4 32 6 ,7 8 5 ,5 2 6
N et earnings (o v e r t a x e s )_________________ _________ 7 0 ,7 3 3 ,2 6 8
78,1 6 0 ,5 6 6

the P e n n . C o . an d th e P e n n . R R . C o ., w h e r e b y th e P e n n . C o . has p le d g e d ’
an e qu a l a m o u n t a t p ar o f the 7 % g u a r, sp ecial s t o c k o f th e P lt t s b . Ft. w .
& C h ic. R y . C o.
O f th e 5 2 0 ,0 0 0 ,0 0 0 in series A , B a n d C , th e sin k in g fu n d ’
h a d re tire d 5 1 ,3 0 9 ,0 0 0 to D e c . 31 1908. S ee V . 6 5 , p . 3 6 8 , 572 , 1116;
V . 67, p . 122; V . 72, p . 339 , 490; V . 79, p . 2457.
The 3
% g o ld lo a n o f 1901 w as Issued to p a y f o r a c q u is itio n s o f s t o c k s o f
the P e n n sy lv a n ia an d C a m b ria Steel c o m p a n ie s .
T h e y are g u a r ., p . an d I .,
b y P en n a. R R . , an d are s u b je c t t o call fo r r e d e m p tio n N o v . 1 a n n u a lly
b y lo t a t p a r In 15 equ a l d ra w in g s. V . 7 3 , p . 843 , 957 . C olla te ra l D e c .
1908 c o n s iste d o f 5 1 6 ,8 0 0 ,8 5 0 p a r v alu e o f s t o c k Issues.
T h e 5 2 0 ,0 0 0 ,0 0 0 g o ld lo a n 4s o f 1906, g u a r a n te e d , w ere In O c t . 1908
secu red b y d e p o s it o f 5 1 2 ,5 0 0 ,0 0 0 P itts . C ln. C h ic. A S t. L ou is c o m m o n a n d
5 2 ,2 5 0 ,0 0 0 p re f. s t o c k , 5 4 ,0 0 0 ,0 0 0 V a n d a lla R R . s t o c k , 5 3 ,6 6 0 .1 0 0 W e s t
Je rse y & S ea S h ore co m m o n s t o c k , 5 1 ,4 1 6 ,5 0 0 C leve. A P itts , b e tte rm en t
s t o c k an d 5 3 ,2 2 6 ,8 0 0 o f o th e r s to ck s a n d b o n d s o f railroads o f sy s te m ; t o t a l
p a r va lu e o f c o lla te ra l, 5 2 7 ,0 5 3 ,4 0 0 .
V . 8 2 , p . 335 ; V . 8 3 , p . 122 9. C ar
trusts Ju n e 30 1908, 5 9 ,7 9 5 ,5 2 8 .
T h e 2 5 0 ,0 0 0 ,0 0 0 F ren ch fra n c 3 U % g u a ra n te e d lo a n o f 1906 Is p a y a b le ,
p . & 1.. In fra n cs.
D e n o m in a tio n 500 an d 2 .5 0 0 fra n cs .
V . 8 2 , p . 1439.

R E P O R T O F P E N N S Y L V A N IA R A IL R O A D C O M P A N Y .
Y e a r ending D e c 31—
1908.
1907.
1906.
M iles o p e r a t e d . . .................................
3 ,8 6 2 3,8 5 8
3 .8 2 0
G ross ea rn in g s ........................... ................5 1 3 6 ,2 9 6 ,8 7 1 5 1 6 4 ,8 1 2 ,8 2 5 5 1 4 8 ,2 3 9 ,8 8 2
42,7 1 9 ,2 0 4
N et earnings (o v e r t a x e s )........................ 3 4 ,8 9 5 ,8 7 8 4 1 ,2 2 6 ,3 1 3
I n t . o n P a . R R . In v es tm en ts ________ 11,2 8 7 ,7 4 4
10,4 4 0 ,9 5 5
1 1,741,184
I n t . o n U n ited N . J . se c u r itie s _______
213,603
234 ,472
346 ,109
I n t . fo r use o f e q u ip m e n t _____
.
301 ,576
' ‘*
718,118
395,041
. 2 ,1 4 3 ,4 3 9
2 ,0 9 5 ,1 1 2
G en eral Int a n d m is ce lla n e o u s .
.
248 ,717
195,770
62,629
R e n t s ____________________________
.
193,623
109,680
239 ,299

R E P O R T .— R e p o r t f o r y e a r 1908 In V . 8 8 , p . 131 0, s h o w e d gross ea rn ­
in gs, 5 3 9 ,4 2 3 ,7 9 6 ; n e t, 5 1 0 ,4 0 7 ,9 1 2 ; o t h e r In co m e , 5 1 1 ,4 2 4 ,5 7 1 ; in te re s t,
re n ta ls, A c ., 5 1 2 ,7 5 2 ,4 7 3 : loan c t fs . r e d e e m e d , sin k , fu n d , A c ., 5 1 ,9 4 5 ,2 9 5 ;
d iv id e n d ( 7 % ) , 5 4 ,2 0 0 ,0 0 0 ; e x tr a o r d in a r y e x p . fu n d , 5 2 ,5 0 0 ,0 0 0 ; b a l., s u r .,
5 4 3 4 ,7 1 5 .— (V . 8 6 , p . 1590; V . 87, p . 873; V . 8 8 , p. 1310; V . 8 9 , p. 847.)

.5 4 9 ,2 8 4 ,5 8 0 5 55 ,020 ,42 0 5 5 5 ,503 ,46 6
. 56,4 3 7 ,3 5 7
5 9 ,126,234 5 10 ,929 ,25 0
. 1 2 ,620,296
10,412,488
7,3 8 7 ,6 5 2
I n t . on m tg s. an d g ro u n d r e n t s .. .
14,030
7,955
11,805
.
5,601,693
4 ,7 8 2 ,6 8 6
4 ,9 7 9 ,1 4 7
.
79,797
101,937
68,400
G en eral Int. a n d m iscella n e o u s____ .
123,013
164,758
698 ,9 5 0
.5 2 4 ,8 7 6 ,1 8 6 524 ,596 ,05 8 524 ,075 ,20 4
.5 2 4 ,4 0 8 ,3 9 4 530 ,424 ,36 2 531 ,428 ,26 1
.
5197,321
5270,302
5225,956
137,280
C o n sol, m o r tg a g e sin k , fu n d , A c ------ .
133,550
131,170
. 3,538,981
3 ,260,651
8 ,7 0 1 .4 7 5
. 1 8,875,680 2 1 ,9 0 8 ,4 3 5
19,869,661
7%
P e r c e n t _______________________________ •
&A%
do
d o p er c e n t _________________ .
6%
7%
6A%
E x tr a o r d in a r y ex p e n s e f u n d _________ .........................
2 ,5 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
B a l a n c e _____________________

.5 2 2 ,7 4 9 ,2 6 3 5 28 ,072 ,93 8 531 ,428 ,26 1
B a la n ce , s u rp lu s.......................................... 51,659,131
5 2 ,351,424
B a l., p rofit a n d loss D e c . 3 1 ________ .5 2 4 ,2 5 4 ,8 0 0 5 2 4 ,725 ,48 4 52 4 ,7 2 5 ,4 8 4
O F F I C E R S .— P r e s ., Jam es M cC rea; 1st V .- P . , Charles E . P u gh ; 2 d V .- P . ,
S am u el R ea ; 3d V . - P . , J . B . T h a y e r J r .; 4th V .- P ., H e n ry T a tn a ll; 5th
V .- P . an d G en . M g r ., W . W . A tte r b u r y ; T r e a s ., J . F . F a h n e sto ck ; S e c .,
L ew is N ellson .
N ew Y o r k o ffic e , 85 C ed ar S t.
D ir e c to rs — P erclv a l R o b e rts J r .. N . P a rk er S h o rtrld g e , R u d u lp h E llis,
C h arles E . In g e rs o ll, C lem en t A . G rlsco m , H e n ry C. F rick , W illia m II.
B a rn es, G eo. W o o d , C. S tu a rt P a tte rs o n , E ffin g h a m B . M orris, T h o m a s
D e W I t t C u yler, Jas. M cC rea, L in co ln G o d fr e y , Joh n P . G reen . C harles E .
P u g h , S am u el R e a , Joh n B . T h a y e r .— (V . 8 9 , p . 529, 666 , 919.)

E A R N I N G S .— 12 m o s ., /1 9 0 8 - 0 9 . .. G r o s s , 5 4 1 ,6 8 1 ,7 6 5 ; n e t, 5 1 4 ,7 9 6 ,1 8 2
J u ly 1 to Jun e 3 0 .
J 1 9 0 7 - 0 8 . . . G ross, 4 3 ,3 6 0 ,8 4 2 ; n e t, 1 3 ,7 4 1 ,7 1 2

PENNSYLVANIA MONONGAHELA & SOUTHERN RR.— O w ns fro m
w est ban k o f M o n o n g a h e la R iv e r , a b o u t 4 A m iles s o u th w e s t o f W est
B row n sville S ta tio n . P a ., a lo n g w e st side o f M o n o n g a h e la R iv e r , t o m o u th
o f L ittle W h lt e ly C reek , 18 m iles. S t o c k , 5 5 5 3 ,0 0 0 , all o w n e d b y P e n n ­
s y lv a n ia R R .
B o n d s , see ta b le a b o v e .— (V . 8 6 , p . 982.)
PEORIA & B U R E A U V A L L E Y R R . — P e o ria t o B ureau J e t ., 111., 47
m iles.
L eased In 1854 t o C h ica go R o c k Isla n d & P a cific R v . fo r 5 1 2 5 ,0 0 0
y e a r ly ; d iv id e n d s , u su a lly 8 % y e a r ly , o c c a s io n a lly m o re ; F e b . 1908, 1 %
e x t r a .— (V . 86, p . 169.)

PEORIA & EASTERN RY.— (.See M a p s N . Y . C en t. A H udson R iver R R .)
— O w ns fro m P e k in , 111., to In d ia n a p o lis, I n d ., 202 m ., and has a Hen o f 5 5 ,­
0 00 ,000 o n S prin gfield D iv is io n , In d ia n a p o lis t o S p rin g fie ld , O h io , 141 m .;
tra ck a g e , P ek in to P e o ria , 9 m .; to ta l o p e r a te d , 352 m iles.
L E A S E , & c .— F o r m e r ly O h io In d ia n a A W e s te rn , sold In fo re c lo s u r e In
1890, reorgan ized p e r V . 49, p . 616.
L ea sed till A p ril 1 1940 to C le v . C ln .
C h ic. A S t. L ., w h ich gu aran tees Interest, b u t n o t p r in cip a l, o f th e 1st c o n ­
sols and the u n d e rlyin g b o n d s , and o w n s o n e -h a lf o f the 5 1 0 ,0 0 0 ,0 0 0 s t o c k ,
par, 5100. See “ S u p p . o f Jan . 1894 as to p r o v is io n s re s p e c tin g a n y su rp lu s
o v e r ch arges. C o m p a n y o w n s 5 1 2 5.00 0 s to c k o f the P e o . & Pek in U n io n
R y ., o n w h ich 6 % y e a rly w as p aid 1895-1902 an d 5 % In 1905. V . 74, p . 152 .
B O N D S .— See ab stra cts o f m tg e s. o f 1890 In V . 51, p . 24 6 , an d o f O hio
I n d . & W e s t, m t g e ., V . 47, p . 201.
IN C O M E S .— D iv id e n d o n In com es, 4 % y e a r ly , p aid A p ril 1 1902 to 190 8,
b o th Inclu sive.
1909, n o n e . V . 88, p . 565.
E A R N I N G S .— 8 m o s ., 1 1 9 0 9 ................ G ross, 5 1 ,8 6 7 ,3 9 0 ; n e t, 5 5 1 2 ,2 0 2
Jan . 1 to A u g - 31.
J 1 9 0 8 ................. G ross,
1 ,7 1 9 ,3 0 2 ; n e t,
423 ,064
R E P O R T fo r 1908 w as In V . 8 8 , p . 767.
C a l. Year—
G ross.
N et.
Other in c.
* Ch arges.
B a lan ce.
1908 .................5 2 ,7 6 4 ,4 6 3
552 1,44 5
5 3 ,3 2 9
556 0,24 7 d c f.5 3 5 ,4 7 2
1907 _________ 3 ,0 1 0 .3 4 7
7 05 ,310
15,102
713 ,0 6 7 sur. 7,345
• In clu des 5 1 6 0,00 0 (4 % ) Int. on In com es In 100 7.— (V . 8 8 , p . 296 , 565.)

PEORIA & PEKIN UNION RY.— O w ns P ek in to P e o r ia , o n b o th sides
o f Illinois R iv e r , and yards a t and o p p o s it e P e o r ia .
M ileage m ain tr a c k ,
18.1 4 ; se c o n d m ain tr a c k , 8 .8 0 ; to ta l m ain tr a c k , 26 .9 4 m iles.
M ileage o f
P E N N S Y L V A N I A C O M P A N Y .— (See M a p s P en n sylva n ia R R .) — O p e r­
side and ya rd tra ck s, 6 7 .3 8 .
C apital s t o c k , 5 1 .0 0 0 ,0 0 0 .
O w n e d b y P e o ria
ates all the P e n n s y lv a n ia R ailroad lines w e st o f P itts . O w ns n on e In fee,
A E a st. (C le v. C ln. C h ic. & S t. L. s y s t e m ). C h ic. A N orth W e ste rn , C h ic.
L eased b y transfer fro m P a . R R .;
' Controlled by stock, <kc.;
‘
M ile s
P e o . A S t. L ., 111. C en tral s y s te m , L a ke E rie A W e s te rn an d T o l. P e o . A
M ile s . P itts. C ln. C h ic. & S t. L ___ * 1 ,4 1 4 .9 2
W e s t co m p a n ie s .
D iv id e n d s 189 5-1 902, 6 % p er a n n u m : 100 3, 4 % ; 1905,
P lt t s b . F t . W . A C h ic a g o -------*470 .53 Cln. & M u skin gu m V a lle y ___ * 148 .46
5% .
E arn ings f o r y e a r e n d in g Ju n e 30 1908, gross, 5 1 ,0 4 2 ,4 1 5 ; n e t, 5 2 9 1 ,­
M assillon A C le v e la n d _______
12.23 W a y n e s b u rg & W a s h in g t o n .
28.16
580; in t. an d ta x e s, 5 2 2 4 ,1 6 3 . P r e s ., I I . K . P in k n e y .— (V . 8 5 , p . 577.)
E rie & P itts b u r g h ______________ * 8 2.97 C ln. L e b . & N o rth e r n ------------45.44
C levelan d A P itts b u r g h ---------* 2 0 5 .6 7 G rand R a p id s & In d ia n a ------- 4 25 .70
PEORIA RAILWAY TERMINAL CO.— O w ns term in al ro a d betw een .
Leased directly by P a . C o .;
M usk. G r. R a p . & I n d -------------------- 36.85
P eoria and P e k in , 111., 8 m iles, o v e r p r iv a te rig h t o f w a y , an d lo ca l lin e s;
P itts . Y o u n g s . A A s h ta . R y . *137 .54
T ra v e rse C ity R R __________
26 .0 0
t o ta l, 21 m iles; 29 Hi m iles o f tr a c k . 7 0 -lb . rails. H as rig h ts o v e r 5 m iles
T o le d o W a l. V a l. & O h io ____ * 234 .29
C ln . R ic h . A F o r t W a y n e . *85.83
o f lo ca l stre e t ra ilw a y In P e o r ia ,w it h p riv ile g e o f tran sferrin g o v e r 46 m iles
Controlled by stock or otherw ise;
V a n d a lla R R ................................. *657 .48
a d d itio n a l. F re ig h t an d th ro u g h p assen ger business h a n dled b y s te a m .
C levelan d & M a rietta ------------- *103.68 T erre H a u te & P e o ria R R _____145.12
L o ca l passen ger business In an d b e tw e e n P e o r ia , P ek in an d C rescen t b y
15.09 C le ve . A k ro n & C o lu m b u s _____193.47
P itts . O h io V a l. & C in e--------e le ctr ic ity .
H as u n ion d e p o ts In b o th P eoria an d P ek in .
O w n s a 1 ,0 0 0 -ft.
M arginal R R . , B e a v . F ., P a .
3.53 W h e e lin g T e rm in a l R y ________________ 9.65
steel d ra w b rid g e o v e r tho Illin ois R iv e r .
F ran ch ise p e r p e tu a l. S u cce ssor
22.89 L ou isville B r id g e --------------------S ou th C h ic. A S o u th e r n _____
2.46
to P eoria & P ek in T e rm in a l R y ., fo re c lo s e d F e b . 9 1907. S t o c k , 5 1 ,0 0 0 ,0 0 0 ,
B ran ch es W .N . Y . A P a . R y . .
51.52
Controlled Jointly;
all o w n e d b y C h ica g o R . I . A P a c. an d C h ic a g o * A lt o n , w h ich gu a ra n tee
Y o u n g s t o w n A R a v e n n a ____
2.28 C entral I n d ia n a _______________ * 117 .58
the b o n d s , p rln . an d Int. F o r m , V . 8 5 , p . 161. P r e s id e n t, VV. T . I r w in P itts . Ch artlers A Y o u g h ______ *19.69
S e c ., W . J. J a ck : T r e a s ., F r e d . H . S m ith .— (V . 86, p . 33 8 .)
T o l. P e o ria A W e s te rn _______ * 230 .70
T o t a l P en n a . C o. lin e s___ 1 ,342.22 T r a c k a g e _____________________ 169.81
PERE MARQUETTE RR.— The road Includes:
L in es ow ned—
M ile s .
M ite s .
* See this c o m p a n y .
T o ta l o f all lin e s.................... 5,109.51
Trackage—
A le x is (n ear T o le d o ) to L u d ln g t o n , o n L a ke M ich ig a n --------------- 387 S t. T h o m a s, O n t ., to I n te r n a t’l
O R G A N I Z A T I O N .— C h artered In P e n n a . A p ril 7 1870. Its 5 6 0 ,0 0 0 ,0 0 0
P ly m o u th to B a y V ie w , M ic h — 412
B ridge an d N ia g a ra . N . Y ______ 132
s t o c k Is o w n e d b y the P e n n s y lv a n ia R ailroad.
O n D e c. 31 '0 8 the P e n n . C o.
P o r te r , I n d ., t o G r. R a p ., M i c h . .1 3 8 O th er tr a c k a g e _____________________114
o w n e d s u n d ry s to c k s an d b o n d s h a v in g v a lu e p e r b a la n ce sh e e t o f 5 1 7 4 ,Saginaw t o P o rt H u r o n _____________90
Controlled—
6 9 5 ,6 3 7 ,and y ield in g In ’ 08 an In com e o f 510,994 .3 7 5 . See list V . 84, p . 928 .
P t . H u ro n to G rin d sto n e C it y -------126 L a k e E rie & D e t. R l v _____________199
D I V S .— / ’ 93. ’ 94. ’ 9 5 -’ 0 0 . ’ 0 1 . ’ 0 2 . ’ 0 3 . ’ 0 4 . ’ 0 5 . ’ 06. ’ 0 7 . ’ 0 8 . 1909.
G rand L ed ge to B ig R a p id s -----------142 L o n d o n & P o r t S t a n l e y . . ...................24
P er c e n t . . . /
4
4 N one.
3
3
4
5
5
6
7
7
J ’n e , 3
A llegan to P c n tw a te r ______________ 127 L a Cross to M ich . S ta to L in e ______ 34
B O N D S .— T h e gold bonds o f 1921 are secu red b y leases o f P . F t . W . A
Sarnia to R o n d e a u __________________ 72
O ., th e C lev e. & P lt t s b . an d E rie & P ltts b . railro a d s a n d o f b o n d s and
O th er lin es, bra n ch e s, & o ________ 372 | T o t a l -----------------------------------------2,3 6 9
.
.
.
s to c k s h a v in g a p a r v a lu e In 1908 o f 5 2 5 ,0 3 0 ,6 0 0 , as w ell as real e s ta te .
O perates ca r ferries L u d ln g to n t o M ilw au k ee a n d M a n ito w o c .
O f thoG uaranteed trust certificates, " A , ” “ B , ” “ C ” a n d “ D ” w ere Issued b y
2,369 m iles, 34 m iles, L a w to n , M ic h ., to S o u th H a v e n , are leased t o th e
G irard T r u s t C o ., P h ila d e lp h ia , as tru stee, u n d e r a d e e d o f tru st m ad e b y
K a la m a z o o L a k e S hore & C h ica g o R y . fo r 25 yea rs fro m A p ril 15 1907. iettH




IN T E R E S T OR D IV ID E N D S .

R A IL R O A D S .
or exp la n a tion o f colum n headings. A c . , see notes
on first page o f tables.

M ile s D ate
of
of
R oad. B onds.

S iz e , or
Par
A m ou n t
V a lu e. O utstanding

P cre M a rq u e tte (Concluded) — U nderlying B on ds—
$500 A c
373 1897
D et G R A W 1st co n s (now 1st) M law m o n e y .O B .c *
1,000
280 1880
F lin t & Pere M arq m tg e ($ 1 ,0 0 0 ,0 0 0 are 4s) g o l d - . c
1,000
401 1889
F irst c o n s o lid a te d m o rtg a g e g o l d ............... — C e.c*
1,000
238 1889
P t H u ron D lv first m tg e ($3,5 0 0 ,0 0 0 ) g -------C e.c*
1,000
19 1897
T o le d o D iv is io n first m o rtg a ge g o l d ............... IB .c*
1,000
89 1891
Ch & N M 1st M gu p & I en d b y Ch & W M -.O B .c *
1,000
1908
E q u ip m e n t n otes due $65 0 ,0 0 0 y e a r ly .......................FC
1901 1,000 A c
P ere M a rq u ette c on s o l M $ 5 0 ,0 0 0 ,0 0 0 a u t h .F .c A r
1,000
199 1903
L a k e E rie A D e tro it R lv D lv co ll tr M g o l d -------M o
1003
C ollateral tru st m ortg a ge g o ld call p a r -----------------1,000
66 1900
Saginaw T u s & H u ron first m tge a s s u m e d .............N
1,000
28 1899
G ra n d R a p id s B eld ln g & S ag 1st M assu m ed - - - - - 1903
1,000
P ere M a rq u ette o f In d ian a call 105 a ssu m e d — K .c * T e x t
1905
K le y b o lt o eq u ip m e n t n o t e s ---------- ----------------------------1904
1,000
R W ln th r o p & C o eq n otes g$76.000 due s -a (V 7 9 p l6 4 2
1.000
1900
M arqu ette e q u ip first m tg e guar call at p a r --------------1 90 7-8
P u llm an C o c a r lease notes d u e m o n t h l y .-----------—
1008
A m Car A F d ry C o eq u ip n o te s $40 ,000 d u e sem l-an
1904
L E & D R e q u ip b on d s $8,000 se m i-a n n u a lly --------100 A c
38.3 1888
P e rk iom en — 1st M S cr 1 (1st loan) g g u p « l .- P e P .c *
1,000
38.3 1888
F irst M Ser 2 (2d loan) g g u ar p & 1 ( e n d ) - , - P e P . c *
100
—
...
P ete r b o r o u g h R R — S to ck (rental 4 % ) .- - - ........................
P e te rs b u rg R R — See A tla n tic C oast L in e R R
1,000
74 1881
Phila & B alt Cent— 1st M $2 ,5 0 0 ,0 0 0 ($ 1 ,2 0 0 ,0 0 0 4 Ms)
____
50
P hila B a ltim ore & W a s h — S to c k a u th $ 2 5 ,3 5 0 ,4 5 0 ...
1,000
1880
P W & B (o ld Co) plain b o n d s . - 1
l-.r
1,000
1887
P lain b o n d s ....................................I A ll secu red
..r
1,000
1887
P la in b o n d s ....................................)
b y 1903
..r
1,000
1891
P lain b o n d s g o l d .........................
m o rtg a g e .
_ .r
1,000
1892
P lain b o n d s g o l d -------------------- j
-.r
1,000
B a lt & P o t o m a c 1st M (tun) g o ld s f n o t d r a w n ..x c *
1M 1871
1.000
92 1871
F irst m tg e roa d guar g o ld sink fd n o t d r a w n ..x c *
214 1904 1,000 A c
F irst m ortg a g e $20 ,0 0 0 ,0 0 0 g o ld -----------------M o .c '& r
1,000
1909
P lain b on d s g o ld d u e $50 0,00 0 y e a r ly ____________ c*
500
1888
P hila & Ches V— 1st M prer o ld 5s red ’ 06 e o l d .P c P .e *
500
1888
...
First m tge o ld 4s n o t pref Int re d u ce d In ’ 96 g .P e P .c *
A 9 9 -y e a r a g reem en t to r track age w ith th e M ich . C en t, an d Can. S o u th ,
from S t. T h o m a s, O n t ., t o In te r n a t. B ridge a n d N iag ara, 132 m ..e x te n d s th e
line e a s terly to B u ffa lo, fro m J u ly 18 1004. V . 77, p . 2007; V . 7 8 , p . 2600.
O R G A N I Z A T I O N .— F o r m e d D e c. 11 1907 as a re o rga n iza tio n w ith o u t
foreclosu re per plan In V . 85, p . 41, 100, o f th e o ld Pere M a rq u e tte , w h ich
w as c o n s o lid a te d w ith th e Pere M arqu ette R R . o f In d ia n a , th e lease to the
Cln. H a m . & D a y t o n bein g ca n ce le d .
(V . 8 5 , p . 1510.)

R ate
%

W hen
P a yable.

W here P a y a b le, and by
W hom .

Bonds— P r in e ipal. W hen D u e*
Stocks— Last
D ivid en d .

Apr 11946
O ct 1 1920
M ay 1 1939
A p r 1 1939
J u ly 1 1937
M ay 1 1931
M ch 1 ’ 10-’ 12
Jan 1 1951
A u g 1 1932
Jan 1 1923
A u g 1 1931
M ch 1 1924
M ay 1 1943
A p r il 1 1916
A p r ’ 1 0 -O ct *14
O ct 1 1910
T o J a n 1 1914
T o O c t 1 1914
T o M ch 1 1911
Jan 1 1918
Jan 1 1918
O c t 1909 2 %

4
$ 5 ,379,000 '
A O
A
5 ,0 0 0 .0 0 0 4 g A 6 g A
A O
2 ,8 5 0 ,0 0 0
M A N
5 g
3 ,3 2 5 ,0 0 0
A A O
5 g
4 00 ,000
.1
A
J
5 g
1 .6 6 7 ,0 0 0
5
M A N
1.950,000
6
M A
S
8 ,3 8 2 ,0 0 0
A
J
J
4 g
3 ,0 0 0 ,0 0 0
4M g F A A
2 ,8 7 0 ,0 0 0
A
J
J
4 g
1 ,0 0 0 ,0 0 0
F
A A
4 g
2 60 ,000
M A S
5 g
675 .000
M A N
4 g
48 1 ,2 0 5
4M
7 60 ,000
4M g A A O
189,000
5
A A O
3 ,1 7 5 ,8 4 4
5
4 00 ,000
6
A A O
24,000
5
M A
S
7 99 ,600
5 g
C!— J
1 ,1 2 5 ,0 0 0
—J
5 g
3 85 ,000
4
A A O

S e c o n d N a t B a n k , B o st
J P M organ A C o , N Y
C entral T ru st C o , N Y
J P M organ A C o, N Y
In te rn a tio n a l T r C o , B ost
S e c o n d N a t B a n k . B ost
J P M organ A C o , N Y
do
do
do
do
P e o p le s ’ S ta te B k . . D e t ’ t
J P M organ A C o , N Y
In te rn a tio n a l T r C o , B ost
J P M organ A C o , N Y

2 ,2 0 0 ,0 0 0 4 M & 5
2 5 ,1 3 8 ,0 0 0 4 In 1908
1,000,000
5
1,000.000
4
1 , 000.000
4
930 .000
4 g
1,00 0 .0 0 0
4 g
1,50 0 .0 0 0
6 g
3 ,0 0 0 .0 0 0
6 g
1 0 ,5 7 0 .0 0 0
4 g
5,00 0 ,0 0 0
4 g
280 ,510
4 g
100 ,000
3 g

P en n R R C o , P h lladel N o v 1 1911
B r o a d S t S ta tio n , P h ila Jun e 30 1909 2 %
O ff, P h il; K id d , P e a b .B o s J u n e l 1910
A p r 1 1917
do
do
B ro a d S t S ta tio n , P h ila N o v 1 1922
do
do
Jan 1 1926
do
do
O ct 1 1932
IN a t M ech B a n k , B a lt o l J u ly 1 1911
1
A L on don
I A p r 1 1911
A m E x N B k . N Y ; A Ph il N o v 1 1 9 4 3
Jan 1 ’ 15-'2 4
R e a d in g T e rm in a l, P h ila A p r 1 1 9 3 8
do
do
A p r 1 1938

M
J
J
A
M
J
A
J
A
M
J
A
A

A
A
A
A
A
A
A
A
A
A
S
c
A
A

N
D
D
O
N
.1
O
J
<)
N
J
O
O

R W in th r o p A C o . N Y
S e co n d N a t B k . B o s to n
B a n k ers’ T r C o , N ew Y ’k
D e tr o it T r C o , D e tro it
R e a d in g T e rm in a l, P h ila
do
do
N ash u a, N ew H am psh ire

a n d also secures pari-p assu the $ 4 ,9 3 0 ,0 0 0 d eben tu res o f th e fo rm e r P . W . A
B .(s e e p .4 o f " S u p p .’ ’o f A p r . 1 8 9 5 ), an d Is a se c o n d Hen o n the line fro m B a l­
tim o r e t o W a sh in g to n . O f th e b o n d s, $ 1 0 ,5 7 0 ,0 0 0 w ere s o ld , th e b a la n c e
b e in g reserved t o retire th e de b e n tu re s a n d B a ltim o re A P o t o m a c b on d s
V . 78. p. 49. M ortg ages. A c ., 1908, $28 4,62 3.
T h e $ 5 ,0 0 0 ,0 0 0 serial 4s o f 1909 are t o be s ecu red b y a n y new m o r tg a g e ,
V . 84. d . 1368; V . 8 5 , p . 284; V . 8 7 , p . 1605.
E A R N I N G S .— 8 m o s .,/1 9 0 9 ______ G ro ss, $ 1 1 ,4 9 4 ,0 1 6 ; n e t , $ 2 ,7 4 9 ,9 2 0
Jan . 1 t o A u g . 3 1 .
\ 1908______ G ross,
1 0 ,5 5 8 ,0 1 6 ; n e t ,
2,35 5 ,5 2 0

S T O C K .— T h e preferred con sists o f t w o classes, v iz .: 4 % first p re f.
s t o c k , c u m . a fte r 3 M yea rs, w ith p referen ce also as to assets, an d 4 % n on ou m . 2d p r e f. s t o c k , n o t preferred as to assets.
T h e C in cin n ati H a m ilto n A D a y to n ow n s $ 1 1 ,0 0 0 ,0 0 0 o f th e s t o c k .

R E P O R T .— R e p o rt fo r y e a r e n d in g D e c . 31 1908 In V . 8 8 , p . 743 .
Y ea r ending D ec . 31—
1908.
190 7.
1906
1905.
G ross e a r n in g s __________ $16 ,1 2 6 ,5 7 0 $17 ,2 5 5 ,5 7 2 $15 ,941 ,24 1 $ 1 4 ,6 7 6 ,2 0 4
B O N D S .— T h e refu n d in g 4s o f 1905 ($ 6 0 ,0 0 0 ,0 0 0 a u th . Issue; o u ts ta n d in g
O p e ra tin g e x p e n s e s ____ $12,285 ,37 4 $ 13 ,456 ,23 1 $11 ,5 9 9 ,9 8 9 $ 1 0 ,8 0 2 ,9 3 2
$ 1 2 ,1 3 3 ,0 0 0 . V . 8 0 , p . 163.
R en ta ls o n basis n e t earn .
937,798
747 ,296
8 32 ,987
7 5 1 ,5 2 5
T h e $ 5 ,0 0 0 ,0 0 0 6 % 5 -y e a r de b e n tu re s w e re Issued t o p a y th e floatin g
d e b t , re ce iv e r's ce rtfs . a n d o th e r co r p o r a te p u rp oses.
V . 8 5 , p. 1402.
N e t .................................. $2 ,9 0 3 ,3 9 8
$ 3 ,0 5 2 ,0 4 5
$3 ,5 0 8 ,2 6 5
$ 3 ,1 2 1 ,7 4 6
T h e c olla tera l tru st g o ld b o n d s o f 1902 (lim ited to $2,8 7 0 ,0 0 0 ) are secured
I n t . o n In v e stm e n ts, A c .
739,201
743,051
776,556
8 0 4 ,9 4 5
b y th e en tire ca p ita l s to c k ($1,4 0 0 ,0 0 0 ) o f th e L . E . & D e t. R l v . R y . , the
N ation a l T ru st C o ., L t d ., o f T o r o n t o , bein g tru stee, a n d are s u b je c t to call
$3 ,7 9 5 ,0 9 6
$4,28 4 ,8 2 1
$ 3 ,9 2 6 ,6 8 6
T o ta l n e t In co m e ____ $3,64 2 ,5 9 9
o n a n y Interest d a y o n 60 d a y ’ s n o tice . V . 75, p . 1302; V . 7 6 , p . 213.
L a k e E rie & D e tro it R iv e r D ivision m tg e ., V . 76, p . 1356; V . 77, p . 89.
$20,938
$41,781
$49 ,785
$49 ,948
F ix e d r e n t a l s ___________
P ere M a rq u ette R R . o f In d ia n a 4s o f 1903 w ere assu m ed o n c o n s o lid a tio n
900 ,000
9 0 0 ,0 0 0
9 00 ,000
In te r e s t o n b o n d s _______
9 0 0 ,0 0 6
D ec. 1907.
V . 76. p . 919, 1193; V . 85, p . 469, 1519.
15,675
14,496
G ro u n d re n ts, A c ----------12,747
12,747
M arq. & B es. D o ck A N a v . 1st g o ld 4 M s, d u e A p ril 1 193 3, $ 39 6,00 0, are
316,333
303 ,703
157,308
O th e r In terest___________
g u a r a n te e d J oin tly b y P . M . an d B ess. & L a k e E rie . T h e y are s u b je c t to
526,564
498,564
T a x e s ___________________
373 ,702
2 85 ,659
ca ll In w h ole o r In p a rt a t 105, a n d 1 % m u s t be c a lle d y e a r ly fo r th e s. f.
424,057
65,200
R e n t, e q u ip m e n t, A c . .
8,728
2 4 ,567
a t th e sa m e p r ic e , If n o t p u rch a s a b le a t a lo w e r figu re, v . 7 6 , p . 480 , 594,
1,005,519
9 72 ,630
939,742
D iv id e n d s ( 4 % ) ...............
939 ,742
706, 922 , 1034. F orm o f g u a r a n ty , p . 1358. A ls o gu a ra n te e s $100,000
433,513
E x tr a o r d . e x p e n d itu r e s .
998 ,720
1 ,8 4 2 ,8 1 0
1 ,7 1 4 ,0 2 3
M . & B. D . A N . d e b . 5s, d u e Jan . 1 1935; d e b e n tu re 5s o f 190 5, V .8 2 ,p .l6 1 .
T h e $ 1 ,9 5 0 ,0 0 0 e q u ip , tru st 6s o f 1908 a r c in tw o series: “ A , ” $7 5 0 ,0 0 0 ,
T o t a l ................................ $ 3 ,642,599
$3,79 5 ,0 9 6
$4,284,821
$ 3 ,9 2 6 ,6 8 6
a n d " B , ” $ 1 ,2 0 0 ,0 0 0 , m a tu rin g o n e -q u a r te r y e a r ly , and are se cu re d b y
— (V. 86. p. 1219; V. 87, p. 415, 1605; V. 88. p. 686, 743.)
e q u ip m e n t c o s t in g $5 ,5 0 3 ,9 9 6 In 1903-04 an d d e p o s it o f $37 5,00 0 re fu n d in g
4s, v i z ., $ 2 0 0 ,0 0 0 f o r “ A ” a n d $30 0,00 0 f o r " B ” ce r tific a te s . V . 8 6 , p . 548,
P H IL A D E L P H IA & C H E S T E R V A L L E Y R R .— Road from Bridgeport
721 , 920.
to Downlngton, Pa., 23.9 miles. Chartered In 1888. Capital stock (par $50)
E A R N I N G S .— 2 m o s .,J 1 9 0 9 ___________G ross, $2,5 6 8 ,0 3 0 ; n e t, $773,465
J u ly 1 to A u g . 31.
1 1 9 0 8 __________ G ross, 2 ,2 5 8 ,2 4 8 ; n e t, 629 ,105
R E P O R T .— F o r y e a r e n d in g Ju n e 30 1909, V . 8 9 , p . 913.
I n c . ( + ) or
Y ea r ending J u n e 30—
190 8-0 9.
1907-08.
D e c . (— ) .
O p e r a tin g r e v e n u e ___________________ $ 1 4 ,629 ,82 7
$13 ,753,982
+ $875,845
O p e r a tin g e x p e n s e s ------------------------- 10,58 1 ,5 8 0
10,545,988
+ 35,592
T a x e s ------------------------------------------------576,893
+ 23,654
553,239
O th e r In co m e -

$3,471,354
238,209

$ 2 ,654,755
502,373

+ $816,599
— 264,164

R e n ta ls ............................. _ ------------------•
I n te r e s t on b ills p a y a b le -----------------In te r e s t on re c e iv e r s ' c e r tific a te s___

$3,709,563
$2,941,151
699,066
11,600
17,005

$ 3 ,157,129
$2,731,618
674,433
41,763
102,981

+ $552,434
+ $209,533
+ 24,833
— 30,073
— 85,976

B a la n ce , su rp lu s o r d e fic it ------------ su r .$ 4 0 ,6 5 l d c f.$ 3 9 3 ,6 6 7
+ $ 4 3 4 ,3 1 8
Old B a sis —
190 6-0 7.
190 5-0 6.
1904-05
G ross ea rn in g s...............................................$ 1 4 ,2 1 4 ,1 9 5 $ 1 3 ,4 3 0 ,1 7 0 $12 6 67 ,420
N et ea rn in g s.................................................
4 ,2 3 6 ,8 4 3
3 ,4 9 7 ,0 7 6
2 ,7 51,643

In common, $550,000; preferred, $205,100; total, $755,100, of which Read­
ing Company owns $454,450 common and $205,100 pref., $450,000 common
and $205,100 pref. being deposited under Its gen. mtge. of 1897. Reading
Co. guarantees bonds, with lnt. reduced. See V . 63, p. 1064.

P H IL A D E L P H IA & E R I E R R .— Merged in Penn. R R .— V . 86, p. 1690.
P H IL A D E L P H IA & F R A N K F O R D R R .— Owns from Crescentvllle to

Frankford, Pa., 2.71 miles; 2d track, 0.10 m .; total tracks, 4.31 miles. The
$500,000 stock Is owned by Reading Co., of which $498,950 Is deposited
under Its mortgage of 1897; prln. and 4% lnt. Is guaranteed by Reading Co.
Leased to Philadelphia A Reading R y. for 999 years from July 1 1907 for
Interest on $500,000 first mortgage bonds and $102,919 outstanding obliga­
tions, any excess of net earnings to be applied to reduction of principal of
latter, and thereafter to dividends on stock. (V. 67, p. 1358, 1357.)

P H IL A D E L P H IA G E R M A N T O W N & N O R R IS T O W N R R .— Phila., P a .
to Norristown and Germantown, Pa., 20.96 miles, second track, 20.35 m.;
3d track, 3.02 m.;total track, 95 miles, leases Plymouth R R ., 9 m. Leased
on Nov. 10 1870 to Phila. A Reading for 999 years; rental, $277,623, In­
cluding $8,000 yearly for organization expenses.
P H IL A D E L P H IA H A R R IS B U R G & P IT T S B U R G H .— See page 171.

P H IL A D E L P H IA N EW TO W N & N E W Y O R K R R .— Philadelphia to
Newtown, P a .,22 mlles;2mi track,3.45 m .; 3d track, 1.51 m.; sidings and
laterals, 4.24 miles. Stock— com., $1,225,000; pref., $400,000; par, $50.
Of the bonds, $849,100 (with coupons only partly paid— see V. 64, p. 331)
are owned by the Reading Co. and deposited under Its gen. mtge. of 1897.
In Oct. 1898 Int. on $507,000 bonds was reduced to 3% from April 1 1897
and made a first charge, that on remainder of Issue being left at 5 % , sub­
ject to said agreement. V . 68, p. 773. Year ending June 30 1909, gross,
PERKIOMEN RR. — O w ns fro m P erk iom en J e t ., P a ., to E m au s J e t ., P a ., $171,686; net, $75,014.
38.3 m . S to c k ($ 1 ,5 0 0 ,0 0 0 , p a r valu e o f shares, $50) o w n e d b y th e R e a d ­
in g C o. and m o s tly d ep osite d un d er Its Jersey C en t, co lla t. 4 % m t g e .o f 1901.
P H IL A D E L P H IA & R E A D IN G R R .— See “ Reading Company.’’
D I R E C T O R S .— H e r y F . S h o e m a k e r, Charles S teele, G eo. F . B a k e r,
G eo. W . Y o u n g , N orm an B . R e a m , G eo. W . P erkin s, F . D . U n d e rw o o d .
J . G . M c C u llou g h , G . A . R ic h a r d s o n , W . R . C ross, F re d e rick W . S te v e n s,
W a lt e r B . H o rn o f N ew Y o r k ; W illia m C o tte r a n d H e n r y B . L e d y a r d o f
D e tr o it .
P r e s ., W illia m C o tte r .— (V . 8 6 , p . 230 , 548, 721 , 920; V . 8 7 ,
p. 813 , 1301, 1 3 5 5 : V . 8 9 , p . 847, 913.)

V . 72, p . 283. R e o rg a n iz e d In 1887.
In y ear 1906-07, gross, $57 1,15 9;
n et. $ 34 9,74 7; Interest and ta x e s , $10 8,23 0; d iv id e n d s ( 7 % ) , $10 5,00 0;
perm . Im p rov em en ts. $10 ,856 ; b a l., s u r ., $ 12 5,66 2.— ( V . 72, p . 283 .)

PETERBOROUGH RR.— W ilto n to G reen field, N . H ., 10M m iles.
L ea sed A p ril 1 1893 to B o sto n A L ow ell fo r 93 years at 4 % o n s to c k a n d e x ­
penses. C a pital s t o c k , $ 38 5,00 0; par, $100; d l v ., A . & O .
PHILADELPHIA & BALTIMORE CENTRAL RR.— W e s t P h ila . to

O cto r a r o J e t ., M d ., 63 m .; W a w a to W est C hester, P a ., 9 m . (d o u b le tr a c k ,
1 1 m . ) : b ra n ch , 2 m .; leased, Chester Creek R R .. 7 m .; P h ila. B a lt. A W a s h ,
h olds $ 2 ,4 9 7 ,1 5 0 o f th e $ 2 ,499,184 s t o c k . F o r 1008 gross earnings $ 1 ,2 1 2 .­
384; n e t, Ino. o th e r In c ., $ 15 9,52 1; ch arges, $18 1,06 3; b a l.. d e f., $ 2 1 ,5 4 2 .

PHILADELPHIA BALT & WASHINGTON RR.— { S e e
L in e s ow ned—

M a p P e n n .R R .)

L i n e s c o n tr o lled , le a se d , A c . —
P h ila. A B a lt. C en tra l*..................80
Balt. all( double track)--------- 135|Dclaware R R •
249
B ow ie to P o p e ’ s C reek, M d ............. 40 D elaw are M d. A V a . ' I I I ' 1 ............. 08
B ran ch es to D elaw are C ity , A o . _ 42 (O th er lines ( 5 ) ..............................H I 54

P h ila. to W a s h in g to n , D

T ota l

M ile s.

C ., v ia

I

( ’ see th is c o m p a n y ) ------------------------------- --------- ----------------------------^ 07

O R G A N I Z A T I O N .— A co n s o lid a tio n N o v . 1 1002 o f th e P h llad eln h la
W ilm in g to n A B a ltim ore R R . and B a ltm o re A P o t o m a c R R
V 75 o
3 9 5 , 1032; V . 82. p . 510. See W a sh in g to n T e rm in al
on a n o t h « page?'
STO C K .
S t o c k , a u th o riz e d . $ 2 5 ,3 5 0 ,4 5 0 ; o u ts ta n d in g J a n . 1 1909
$ 2 5 ,1 3 8 ,0 0 0 . o f w h ich P en n sylva n ia R R o w n e d $25.1351475
D ivid en d s sin ce c o n s o l., D e c. 31 1902 to Jun e 1909 4 % y e a rly (s -a ).
B O N D S .— T h e first m o rtg a ge o f 1903 ($ 2 0 ,0 0 0 ,0 0 0 au th o rize d ) Is a first
*
lien o n th e P h lla d c lp h la -B a ltlm o r c d iv isio n , 117 m iles, all d o u b le -tra ck e d




P H IL A D E L P H IA & T R E N T O N R R .— Phila. (Kensington). P a ., to
Morrlsville, Pa., 26 miles, mostly four-tracked. On June 30 1871 leased for
999 years to Pennsylvania R R . at 10% on $494,100 stock, the balance,
$765,000, being owned by United RRs. of New Jersey.
P H I L I P P I N E R A I L W A Y .— ( S e e M a p . ) — Under a concession granted
July 13 1906 by the Philippine Government, In accordance with
an Act of Congress of the United States In 1905, and with the approval
of the Secretary of War, this company has contracted to build lines of
railroad In the Philippine Islands as follows: Island of Panay, 100 miles;
Negros, 100 miles; and Cebu, 95 miles. The construction of 35 miles on
Cebu Is optional to the company, which has the right under the contract to
construct an additional 25 miles of main line on each of the Islands.
Definite location surveys have been completed as follows: Panay, 105
miles; Negros, 73 miles; Cebu, 80 miles. 60 miles of road on Cebu Is In
operation, extending from Danao to Carcar and 40 miles on Panay, extend­
ing north from Iloilo. Additional sections amounting to 33 miles are under
construction on Panay, extending from the end of the completed line to
Caplz.
ORGANIZATION AND SECURITIES.— The company was Incorporated
March 5 1906 under the laws of the State of Connecticut with an authorized
capital of $5,000,000 and Is being financed by a syndicate headed by William
Salomon A Co. V. 80, p. 2622: V. 82, p. 219, 752; V . 83, p. 493, 070, 1412;
V . 85, p. 794; V. 87, p. 1358. Under the terms of the concession the Phlllplne Govt, guarantees Int. on an Issue of 1st M. 30-year sinking fund
% gold bonds, which may be Issued to extent of 95% of cost of construc­
tion. Any lnt. payments by the Government become a cumulative lien on
the property, subject to the lien of the 1st M. bonds. The entire Issue of
bonds Is subject to redemption at 110 and Intercston any lnt. date. Bonds
may also be drawn by lot at 110 and Interest for an annual sinking fund
w h ic h must be established after July 1 1911, before any dividends can be

J

R A IL R O A D S .
F o r exp la n a tion o f colum n h e a d in g s ,A c ., see notes
on first page o f tables.

Philadelphia & Erie— See P e n n sy lv a n ia R R
Phila & Frankford— F irst m tge $50 0,00 0 g u a r . QuP.c
Phila Germ & Norristown— S to c k rental P A R R y Philadelphia Harrisburg & Pittsburgh— 1st M g . c * A r
Phila Newtown & N Y— F irst m o rtg a ge g o ld ( t e x t ) . c *
Philadelphia & Reading R y — See R e a d in g C o m p a n y
Philadelphia & Trenton— S to c k 1 0 % rental P en n R R
P h ilip p in e R y — S tock $ 5 ,0 0 0 ,0 0 0 a u th o r iz e d __________
F irst M $ 1 5 ,0 0 0 ,0 0 0 g ln t gu ar s t red 110 B a x c* A r*
P ie d m o n t & C u m b erla n d — See W estern M arylan d
Pine C re e k — S ee G eneva C orn in g & S ou th ern
P iq u a & T r o y — First m tge $ 2 5 0,00 0 g o ld g u a r p & l . . c
P itts b u r g h B essem er & Lake Erie— C o m m o n 3 % rent
P referred s to c k 6 % cu m u la tiv e gu a ra n te e d b y rental
P itts b u r g h S h en an go & L a ke Erie 1st M g o ld .C e .c *
C on solid a ted first m tg e fo r $ 4 ,8 0 0 ,0 0 0 g o ld .C e .c *
P itts Bess & L E con s m tge $ 1 0 ,0 0 0 ,0 0 0 g o l d - .U s .c *
D eb en tu res g o ld $ 2 ,0 0 0 ,0 0 0 red (see t e x t ) ---------U P
S h en an go eq u ip trust $ 73 ,000 p art d u e y r ly g - . U P i
G reen ville eq u ip trust $ 1 0 0,00 0 d u e y e a rly g — U Pi
B u tler eq u ip m e n t trust $ 2 ,0 5 0 ,0 0 0 -----------------------O Pi
P it t s B in gh & E a st— F irst M $ 2 0 ,0 0 0 ,0 0 0 g o l d .......... K
Pittsb Chart & Yough— G en M $ 1 ,0 0 0 ,0 0 0 g gu.-FP i

M ile s
of
R oad

A m ount
O utstanding

R ate
%

W hen
P a yable

134
151
103
103

1892
____
1890
1892

$1,000
50
1,000
1,000
100
100
1,000

See te x t
5 ,000,000
5 ,880,000

10
4 g

J

1,000
50
50
1,000
1,000
1,000
1,000
1,000
1,000
1,000

225 ,000
1 0 ,000,000
2,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
657,000
6,3 4 3 ,0 0 0
2,0 0 0 ,0 0 0
292,000
1 ,000,000
2 ,050,000

4
3
6
5
5
5
5
5
5
5

1,655
100
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

169,000
4 g
2 8 ,647,400 4 In 19 0 )
2 7 ,464,200 5 In 1909
1,506,000
5 g
3,0 0 0 ,0 0 0
5
1 ,967,000
7
1 0 ,000,000
4M g
8 ,7 8 6 ,0 0 0
4H e
1,379,000
4^ g
a 4 .983 ,000
4 g
b 7 ,421 ,000
3M g
i
10,000,000
4 g
6,0 0 0 ,0 0 0
4 g
625,000
3H g

M
A
J
A
.1
J
J
A
M
A
A
A
F
J
A
J
J
A
A
M
M
F
.)
M
A

1899
____
____
1890
1893
1897
1899
1899
1900
1901
1906
1892
____
____
1883
1864
1870
1890
1892
1892
1895
1899
1903
1907
1901
7 .0 0 0

W here P a y a b le, and by
W hom

B on d s— P r in c i­
pa l, W hen D u e
S tocks— Last
D ivid en d

$500,000
A A C o m p a n y ’ s O ffic e . P h ila A u g
F
4 g
2 ,246,900
12
M M ar A M er B ld g . Ph ila S e p t
Q
2,0 0 0 ,0 0 0
A A O 15 R e a d in g T e r m in a l. P h ila O ct
5 g
1 ,599,000 See te x t A A O
do
do
O ct
J

Q

g
g
g
g
g
g
g
g

A
A
A

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

T reas P a R R

1 1922
4 1009 3 %
151925
1 1042

C o , P h ila O ct 1909 2 } * %

J B a n k ers’ T ru s t C o , N Y J u ly 1 1937
N
O
D
O
J
J
D
O
N
O
o
o
A
J
O
J
J
O
O
N
N
A
D
N
O

U n S a v B k A T r C o , Cln
C h eck fro m C o’s o ffic e
do
do
Cen tral T ru s t C o , N Y
do
do
U n ited S tates T r C o, N Y
U n ion T ru s t C o , P lt t s b ’ h
do
do
do
do
do
do
O ffic e , P itts b u r g h , P a
F a rm ers’ L A T r C o , N Y
do
do
U n ion T ru s t C o . N Y
N ation a l C ity B a n k . N Y
F a rm ers’ L A T r C o , N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
C o’ s o ffic e , P Itt8b’ g h , Pa

N o v 1 1939
O ct 1 ’ 09 1 M %
i
Jun e 1 1909 3 %
O ct 1 1940
J u ly 1 1943
Jan 1 1947
Jun e 1 1 9 1 9
A p r 1 1910-1913
M ay 1 1911-’ 20
A p r 1 1021
O ct 1 1950
A p r 1 1932
A u g 16 1009 2 %
J ly 15 1909 2 H
O ct 1 1032
Jan 1 1914
J u ly 1 1010
O ct 1 1040
A p r 1 1942
N o v 1 1942
N o v 1 1945
A u g 1 1049
D e c 1 1953
N o v 1 1957
O ct 1 1931

b $ 4 ,5 7 7 . 000 (O ct. 1 0 0 9 ).

p aid o n the s t o c k . T h e G o v e rn m e n t c o n ce ssio n p ro v id e s th a t In lieu o f
all o th e r ta x e s th e railw ay shall p a y ^ o f 1 % o f gross earnings per an n u m
d u rin g the life o f the b on d s and p r o v id e s fu rth e r su itable re striction s fo r a
p eriod o f 50 years th erea fte r.
T h e b o n d s h ave been a c c e p te d b y th e S e cre ta ry o f the U n ite d States
T r e a s u r y as secu rity fo r G o v e rn m e n t d e p o sits In n ation a l ban k s.
D I R E C T O R S .— G en. C. R . E d w a rd s , G en. T . H . H u b b a r d , C larence
M c K . L ew is, M ajor F ran k M c In ty r e , W m . B a rcla y P a rso n s, J . G. W h ite ,
A lo n z o P o t t e r , F red eric H . R e e d , W illia m S a lo m o n , Charles M . S w ift,
C ornelius V a n d erb ilt.
O F F I C E R S .— C h airm an, W illia m S a lo m o n ; P r e s ., Charles M . S w ift;
V . - P . , F red eric II. R e e d an d C. L ew is; V .- P . an d C h ief E n gin eer, W illia m
B . P o la n d ; T r e a s ., J. M. W ein b erger: S e c .. R . R . H a n c o c k .
O ffic e , 43 E x ch an ge P la ce , N ew Y o r k C it y .— (V . 8 7 , p. 1358, 1534.)
P IN E C R E E K R Y .— See G en eva C o rn in g & S o u th e rn , V . 8 8 , p . 453 .
P IT T S B U R G H B E SSE M E R & L A K E E R IE R R — B essem er. P a ., t o C o n n eau t H a rbor and W alla ce J e t ., P a ., 153 m iles, o f w h ich 8 m iles leased to
o t h e r road s: bran ch es, 22 m iles: leases M eadvllle C o n n e a u t Lake A L lnesvllle R R .; L lnesvllle to M eadvllle, 22 m iles: track age t o C a sca de, near E rie,
A c ., 12 m iles- to ta l. 200 m iles (09 m iles d o u b le -t r a c k e d ).
O R G A N I Z A T I O N . A c . — A c o n s o lid a tio n Ja n . 14 1897.
B o a t lines to
C a n a d a , see V . 77. p. 1228: V . 76. p . 1358. 922: V . 6 1 , p. 24 1 , 795.
O f the s t o c k , $5,5 0 0 ,5 0 0 c o m m o n and $50 0,10 0 preferred are o w n e d b y
the C arn egie C o.
Leased fo r 999 years fro m A pril 1 1901 to the Bessem er
& Lake Erie R R ., a su b sid ia ry o rg a n iz a tio n o f the C arnegie C o ., fo r 6 % o n
p ref. and 3 % o n c o m . s t o c k , Interest on b o n d s an d o rg a n iz a tio n e x p e n se s,
A c ., the lease bein g gu aran teed b y the C arnegie C o . V . 72, p . 137. T h ro u g h
C arn egie C o. Is c o n tr o lle d b y U . S. Steel C o rp o ra tio n .
B O N D S .— D eben tu res o f 1899 m a y be ca lled si :ce Jun e 1 1909 u p o n
o o m p a n y p a y in g Vt % fo r each y ear o f u n e x p lre d term .
T h e P . B . & L . E. m tg e. o f 1897 Is fo r $10 ,000 000 (tru stee U n ite d S tates
T r u s t Co , N . Y . ) t c o v e r in g all the ra ilro a d , p r o p e r t y , rights an d fra n ch ises
o f the c o n s o lid a te d c o m p a n y . In clu d in g the a g reem en t w ith the C arnegie
Steel C o .. L t d ., and the U n ion R R . C o.
O f the 5s o f 1897, $ 4 ,8 0 0 ,0 0 0 re­
served to retire P ittsb u rg h S h en an go & Lake E r e b o n d s.
E A R N I N G S (o f B . A L . E .) — 11909— G ross, $1 ,7 8 3 ,6 2 0 ; n e t, $1,034,833
2 m o s ., J u ly 1 to A u g . 3 1 .
] 1 9 0 8 ..G r o s s , 1,3 8 5 ,6 6 0 ; n e t,
732 ,215
R E P O R T .— F o r y e a r en d in g Ju n e 30 1909, B ess. & L a k e E rie, gross, $ 6 ,­
0 6 0 ,4 5 4 ; n e t , $ 2 ,4 2 8 ,4 9 6 . Cal. y e a r ’ 08, gross, $ 5 ,2 4 0 ,9 5 1 .— (V .7 5 , p .1 2 0 3 .)
P IT T S B U R G H B IN G H A M T O N & E A S T E R N R R .— T o e x te n d from
C learfield. P a ., to B in g h a m to n . N . Y ., 225 m iles, w ith 25-m lle branch to
P h llllp sb u rg . fo rm in g a s h o rt lo w -g ra d e line b etw een the b itu m in o u s coal
fields an d N ew E n gla n d and C a nadian p o in ts .
In J u ly 1908 a b o u t 22 m iles
betw een T o w a n d a , P a ., an d C a n ton h a v in g b e e n g r a d e d , b o n d h o ld e rs
were req u ested to c o m m u n ic a te w ith F . A . S a w ye r, C a n to n , P a ., w ith a
View to reorg a n iz a tion an d c o m p le tio n o f r o a d .
V . 87, p . 167, 227; V . 83,
p . 752 , 1229.
O n S ep t. 5 1008 L. H . M cF a d d e n o f C a n to n , P a ., an d John
P . R e y n o ld s Jr. o f B osto n w ere a p p o in te d re ceivers.
V . 87. p . 678.
In J u ly 1909 the rollin g s to c k w as sold t o s a tisfy a c la im . V . 89, p . 220.
S to c k a u th o r iz e d , $ 2 0 ,0 0 0 ,0 0 0 .
E. H . G ay & C o. w ere fin a n cin g the
p r o je c t . V . 8 7 , p . 1011. A s to C en tral P e n n . C oal C o . and c o a l c o n t r a c t w ith
P en n a . B eech Creek & Eastern Coal Co . see V . 8 3 , p . 753 .
P res. Llndsley
H o o p e r , B os to n , M ass.; T r e a s ., C . F. W r ig h t, S u sq u eh a n n a , P a .; S e c .,
J oh n W h itm o r e , R ld g w a y , P a .— (V . 87, p . 1011; V . 8 0 , p . 225.)
P IT T S B U R G H C H A R T I E R S & Y O U G H IO G H E N Y R Y .— O w ns fro m
C h artlers to B ce ch m o n t, 19 m iles: track age (C hartlers R y . ) , 2 m .; 21 m iles In
all. S T O C K ou ts ta n d in g Jan . 1909, $94 0 ,0 0 0 , o w n e d Jointly b y gu a ra n ­
tors m en tion ed b e lo w . A u th o riz e d s to c k $ 1 ,5 0 0 ,0 0 0 .
V . 82, p . 1269.
D I V I D E N D S .— In 1895, 4 % ; 1896, 1 1 % ; 1897, non e; 1898, 7 % ; 1899,
1 % ; 1900, 4 % ; 1906, 6 % ; 1907, 1 0 % ; 1908, 4 % .
O f the 4s, half are gu a r­
a n teed (en d orsed ) b y P itts. C ln. C h ic. & S t. L o u is, the o th e r half b y the
P itts b u r g h & L a ke E rie. See g u a ra n ty , V . 56, p . 650.
In y e a r e n d in g
D e c . 31 1908, gross, $ 24 5,00 6; n e t, $ 71 ,927 ; o th e r In c., $ 1 ,069; ln t ., A c .,
$23 ,3 2 3 ; d iv id e n d s ( 4 % ) , $ 37 ,600 ; su rplu s, $ 1 2 ,0 7 4 .— (V . 82, p. 1269 )
P IT T S . C IN C IN N A T I C H IC A G O & ST . L O U IS R Y .— {S ee M a p s P a . R R .
L in es leased (C o n tin u e d )— M iles.
L in e s ow ned.
M ile s .
9
P itts b u rg h . P a ., to C h ica g o , 111. 511 O hio C o n n e ctin g R y ......................
28
R e n d c o m b J e t. to A n o k a J e t . . 166 P itts. W h e e lin g A K e n t u c k y ___
2
B ra d ford J e t. to I n d ia n a p o lis .. 104 E n g. C o n n e c tin g R y . In O h io ..
In d ia n a p olis to J e ffe r s o n v ille .. 108 O th er lin e s ----------------------------------1
Operated under their ow n organ.
B r a n c h e s ________________________ 224
P ittsbu rgh C hartlers A Y o u g h lo g h e n y R y ________ _______ _
T o ta l o w n e d ___________
1,113
21
T rackage— In d la n a p . to K o k o m o
54 C lncln. A M usk. V a l. R R _____
149
O t h e r ..............................................
3 VVaynesburg A W a sh . R R ------28
C h icago In d ia n a A E a stern R y .
L in es leased (*S ee these c o ’ s ) .
43
Ch artlers (m erged N o v . 1907)
23.
T o ta l o f all M ch 31 1 9 0 9 ------ 1.669
• L ittle Miami ..................................
1951
O R G A N I Z A T I O N , A c .— F orm ed In 1890 b y co n s o lid a tio n (per term s n
V . 50, p. 875) o f C h icago St. L ouis A P ittsb u rg h , Jefferson ville M adison A
In d ia n a p olis, C incinnati A R ich m o n d and P ittsbu rgh C incinnati A St. L ou is.
C on trolled by P en n sylva n ia C o m p a n y , w hich o n i .e c . 31 1908 o w n e d $ 2 2 ,­
470 .7 0 0 p ref. and $ 1 6 ,632 ,90 0 c o m m o n s to c k .
As to Interest In m a jo rity o f
H o ck in g V a lley co m m o n s t o c k , see th at c o m p a n y .
V . 83. p. 37. T h e
C h ica g o Indiana A E astern. C on verse to MuncSe, I n d ., 43 m iles, has been
op e r a te d since M ay 1007.
V. 84. p. 1183
S T O C K .— A u th oriz ed : c o m ., $ 4 5 ,0 0 0 ,0 0 0 ; p r e f., $ 3 0 ,0 0 0 ,0 0 0 .
In 1907
$ 3 ,8 6 8 ,8 0 0 c o m . s tock was Issued In e x ch a n g e fo r the $31 1,45 0 o u ts ta n d in g
m in o rity s to c k o f C hartlers R y ., o n the basis o f $300 P itts. C. C. A S t. L. for
$50 C n artlers, and to repay the P enn. C o. fo r a d v a n ce s. V .8 5 , p .1 5 7 7 , 1645.
T h e pref. s to c k Is " n o n -c u m . and e n titled to a d lv . o f 4 % per ann um o u t
o l the net earn in gs as d eclared b y the b o a r d , w ith the rig h t a fte r 3 % has
been d eclared o n the c o m . to an a d d itio n a l 1 % , m ak in g 5 % In a ll.”
A fte r
5 % o n b o th c o m . an d p r e f.. the tw o share pro rata.




IN T E R E S T OR D IV ID E N D S .

S iz e, or
Par
V a lu e

1907

30
47
22

10
1.095
P referred s t o c k ------------------------------------------------------------- 1.095
C h ic St L & P itts con s M ($ 2 2 ,0 0 0 ,0 0 0 ) g . . . U n . c & r
580
S teu b en & In d ian a first m o r tg a g e _________________r
116
J e flM a d A I n d 2 d (n o w l s t )M J e ll, K y , to In d A b r . . c
222
f “ A ” g o l d - .c *
I " B ” g o ld - _ c *
C ons m tge $7 5 ,0 0 0 ,0 0 0 g o ld guarl " C ” g o l d - .c * 1,095
p A I (end) b y P en n sylva n ia Co u n -i " D ” g o l d - .c *
c o n d it io n a lly , all e q u a lly s e c u r e d .I “ E ” g o l d - . c *
“ F ” g o l d - .c *
l “ G ” g o ld -.c *
Ch artlers first m ortg age a ssu m e d _________________ c*
23
P itts b u r g h C levelan d & T o le d o — See B a ltim o re A Ohl O R R
S in k in g fund D ec 31 1008 held a d d itio n a l b o n d s.
a $1

Pittsburgh Cincinnati Chicago & St Louis— Com stock

D a te
of
Bonds

S T O C K O F O L D C O M P A N I E S u n e x ch a n g e d M ch. 31 190"). C h ic. S t . L .
A P itts b . c o m ., $ 4 3 1 ,5 6 7 , and p r e f., $ 3 ,7 5 2 ; all o t h e r c o s ., $ 1 0 2 ,2 4 6 .
D I V I D ’ S .— 1 ’ 07 to '0 8 . ’ 0 9 . ’ 00. ’ 01. ’ 02 to ’ 05. ’ 06. ’ 07. '0 8 . 1909.
P referred ( % ) )
0
3
4
4
4 y e a r ly . 4 H
5
5
5
4
4
C om m on ( % ) . . J
0
0
0
1 ----- 3 y e a r ly ------4
ljo.— m e Lunxui. m iyc. m r «>fO,uuufuuu ira rr n e r s u . oc r . u o . o i IN.
Y . and W . N . J a c k s o n , trustees) c o v e r s the en tire p r o p e r t y . S u ffic ie n t
co n s o ls are reserved fo r the p u rp ose o f re tirin g all se ctio n a l b o n d s a t m a ­
tu r it y . at w h ich tim e th e y m ust be p aid o f f. T h e rem ain d er arc Issuable fo r
Im p ro v e m e n ts, a d d itio n s , A c . T h e y are g u a r, u n c o n d itio n a lly as to p rln .
an d ln t. b y the P en n . C o . T h e se ve n series are all e q u a lly s e cu re d .
See
a d v . In “ C h ron icle” M ay 21 1892 an d g u a ra n ty o n b o n d s .
V . 56. p . 6 0 4 .
D u e P en n . C o. M arch 31 1909, $ 2 ,5 0 0 ,0 0 0 .
L A T E S T E A R N I N G S .— 1 190 9 ------ G ross, $21 ,7 6 8 ,3 8 1 ; n e t , $ 5 ,5 7 1 ,6 4 5
9 m o s ., Jan . 1 to S e p t. 3 0 . J 190 8____ G ross, 19,105,890 ; n e t, 5 ,2 0 4 ,1 1 5
A N N U A L R E P O R T .— R e p o r t fo r 1908 In V . 88, p . 996 , 1000.
Y ea r ending D ec. 31—
1908.
1907.
1906.
M iles d ir e ctly o p e r a t e d ________________
1,472
1,472
1,429
G ross ea rn in gs.................................
$ 3 0 ,9 1 2 ,8 8 6 $ 3 7 ,6 4 0 ,5 9 0 $34 ,485 ,50 1
N et ea rn in gs...................................................
8,1 2 0 ,1 7 1
8 ,1 6 3 ,5 9 9
7 ,8 8 4 ,2 1 9
M iscellaneous In c o m e ..................................
4 5 9 ,7 2 7
558,462
295 ,8 2 5
T o ta l net e a rn in g s....................................... $ 8 ,5 7 9 ,8 9 8
$8,722,061 $ 8 ,1 8 0 ,0 4 4
In te re st on b o n d s ........................... ............$ 2 ,5 5 7 ,0 2 0
$ 2 ,2 9 5 ,1 4 5 $ 2 ,3 2 4 ,4 4 0
R e n ta ls p a i d . ................................................
8 9 4 ,8 2 0
8 3 4 ,8 3 5
849 ,5 1 9
Car trusts (in clu d in g In te re st)_________
8 7 4 ,9 1 0
9 2 1 ,3 7 1
926 ,788
In te re s t, general a c c o u n t ...........................
189 ,919
374 ,9 1 2
15 4 ,6 2 2
1,4 7 3 ,0 8 2
1,4 1 6 ,6 6 8
1,3 5 3 ,2 1 1
I m p r o v e m e n ts , sin k in g f u n d , A c ____
D iv id e n d s on p re fe rr e d ............................... (5 )1 ,3 7 3 ,1 3 2 (5 )1 ,3 7 2 .9 8 0 (5 )1 ,3 7 2 ,8 3 8
D iv id e n d s on c o m m o n ..............................(4) 1,145,882 (4 )1 ,0 6 8 ,4 0 4 (3 H ) 8 6 7 ,3 10
B a la n ce , su rp lu s.....................................
$71,133
$437,746
$33 1,31 6
— (V . 86, p . 286 , 85 3 , 1410; V . 8 7 , p . 740; V . 88, p . 99 6 , 1006.)
P IT T S B . C L E V E . & T O L R R .— See B a lt. A O h io R R . — (V . 76. p . 49.)
P IT T S B U R G H F O R T W A Y N E & C H IC A G O R Y .— (See M a p s P en n . R R .)
— R O A D .— O w ns from P itts b u rg h , P a ., to C h ica g o , 111., an d b r a n c h , 470
m iles.
D ou ble tra ck , 469 m lcs.
L E A S E . A c .— F ore clo se d O ct. 24 1861 a n d r e o rg a n iz e d .
F rom J u ly 1
1869 leased In p e r p e tu ity to the P en n . R R .; re n ta l p a y s In terest, s. f. o f d e b t
an d 7 % on s t o c k , p a y a b le Q .-J .
In J u ly 1901 an e x tr a d lv . o f 2 % w as de cla re d o n b o th s to c k s , b u t It will
be p aid on the gu ar special s t o c k o n ly In case the c o u r ts so d e c id e .
No d e­
c is io n to S e p t 1909. V . 72, p . 821 , 1188.
C A P I T A L S T O C K .— T h e special Im p r o v e m e n t s t o c k Is Issued to P en n .
R R . fo r Im p ro v e m e n ts, A c ., u n d er A rticle 16 o f lease, w h ich p ro v id e s th a t
the lessor m ay Issue special b o n d s o r s t o c k . See V 50, p. 139, and w o rd in g
o f en d o rse m e n t In V . 56, p. 774. T h e special s t o c k Is In all resp ects s u b ­
je c t to the general o r p rio r s to c k and to “ the rights o f holders o f said gen eral
o r p r lo r s t o c k to have d istrib u te d to them In q u a rte r ly Installm ents an ann u al
d iv id e n d fund o f $ 1 ,3 8 0 ,0 0 0 free o f all ta x e s .”
T h is special s to c k Is Issued
fro m tim e to tim e fo r b e tte rm e n ts : In 1902, $ 1 ,4 1 8 ,3 0 0 ; In 1903, $ 2 ,0 1 0 400;
In 1904, $ 4 ,9 5 9 ,2 0 0 ; In 1905, $ 3 ,3 4 1 ,9 0 0 ; In 1906, $ 3 ,0 2 9 ,7 0 0 ; In 1907,
$1 ,4 3 1 ,9 0 0 ; In 1908, $2,6 8 1 ,3 0 0 : In 1909 (to J u ly ). $ 1 ,5 5 2 ,8 0 0 .
O f th e
$4 1 ,4 8 7 ,7 0 0 gu ar, special s to c k o u ts ta n d in g D e c. 31 1908, $3 7 ,5 5 6 ,6 0 0 w as
o w n e d b y P e n n sylva n ia C o .
V . 75, p . 1087.
B O N D S .— T h e first m tg e . Is In series o f $87 5,00 0 each and 2d m tg e. o f
$86 0 ,0 0 0 . O f the a b o v e 1st m tg e . b o n d s. $ 3 ,2 8 0 ,0 0 0 , an d o f the 2d m tg e .
$ 3 ,6 2 0 ,0 0 0 a n d $ 2 ,7 2 4 ,2 6 9 cash w ere In sin k in g fu n d D e c. 31 1908.
R E P O R T .— 1908, lessee’s p ro fit, $ 1 ,6 3 1 ,0 5 1 ; 1907, $ 1 ,0 5 7 ,4 0 6 ; 1906.
$ 88 2,14 2: 1905, $56 7,11 8: 1904, $ 4 4 9 ,1 7 9 .— (V . 87, p. 227; V . 80. p. 104.)
P IT T S B U R G H JU N C T IO N R R .— B . A O . o w n s all e x c e p t $15 ,2 5 0 c o m ­
m o n s t o c k , $95 9,00 0 first 6s, $ 2 5 0,00 0 se c o n d 5s and $1 9 1 ,0 0 0 T erm in al C o.
5s. See B. A O . an d V . 69, p. 1063. 1192, and V . 70. p . 77

PITTSBURGH & LAKE ERIE RR .—

( S e e M a p s N . Y . C e n t . A I I. R . R R . )

— O w ns from P ittsb u rg h , P a ., to Y o u n g s to w n , O ., 67 ra., to be 4 -tra ck e d :
bra n ch lines to N ew ca stle , A c ., P a ., 6 m .; to ta l o w n e d , 73 m . (o f w hich 70
d o u b le t r a c k ); leases P itts. M c K e e s p o r t A Y o u g h . (w h ich s e e ), 109 m .:
M ah. S tate Line R R . . 3 tn.: B ea v. A E ll. R R ., 3 m .; Elw . C o n n e ctin g R R . ,
1 m ile; Y o u g h lo g h e n y N orthern R y . 2 m iles; to ta l, 191 m iles.
T h e road Is o p e r a te d In h arm on y w ith the N. Y Central system the L S.
A M ich. S o. R y J a n .l 1909 o w n in g $ 5 ,0 0 0 ,lO O of st o c k . T h e P. A L. E. o w n s
s t o c k and securities o f P itts Ch. A Y o u g h .
$47 0 ,0 0 0 . and o f M on. R R ..
$ 71 8,00 0; E llw ood C o n n e ctin g R R .. $48 ,0 0 0 ; M ahoning S ta te Line R R .,
$ 96 ,900 : Lake Erie Y o u n g s to w n A S ou th ern R R ., $20 0 ,0 0 0 .
As to g u a r ­
a n ty o f b o n d s o f M on on gah ela R R . see th at c o . ’s sta te m e n t.
In N o v . 1905 the h oldin gs o f the L ittle K anaw ha s y n d ic a te , Inclu din g the
s t o c k s o f the L ittle K a n ., Park. Bridge A T erm , B u rn sv A East B u ck h a n n n A N o rth ., B eilln gton A N o rth ., Z a n e sv . M arietta A P a rk ersbu rg an d
M arietta C o lu m bu s A C levelan d w ere a cq u ire d b y the P itts A L E .
P en n ­
s y lv a n ia and B a ltim ore A O h io .
V . 8 1 . p . 1436, 1493; V 86 p. 981
S T O C K .— S to ck h o ld e rs w ere offe re d the right to su b scrib e fo r $ 5 ,0 0 0 ,0 0 0
new s to c k to Ja n . 15 1909 a t par, p a y m e n t to be m ade a t o n c e , raising
a m o u n t o u ts ta n d in g to $ 1 5 ,0 0 0 ,0 0 0 .
V . 87, p . 1301.
D I V I D E N D S .—
11886 to 1891.
1892 to 1906.
1907.
1908. 1 90 9.
P e r c e n t ...........................\ 6 y e a r ly .
10 y e a r ly .
12
11
10
E A R N I N G S .— 8 m o s ., /1 9 0 9 . ...............G lo s s , $8 ,7 0 1 ,9 6 7 ; n e t , $4,662,091
Jan . 1 to A u g . 31.
( 1 9 0 8 _________ G ross, 6 ,2 1 3 ,5 5 1 ; n e t, 2,883,791
R E P O R T .— R e p o rt fo r ye a r e n d in g D e c. 31 1908 In V . 88, p. 559, s h o w ed :
G ross, $10 ,3 9 7 ,8 4 3 ; n et, $2,2 3 8 ,8 4 0 ; o th e r In com e, $50 ,928 ; ta x e s, A c .,
$ 20 4,34 0: Interest. $22 0,00 0: rentals, $52 5,53 5: d iv id e n d s ( 1 0 % ) , $ 1 ,0 0 0 ,0 0 0
b a l.. s u r ., $ 3 3 9 ,8 9 3 .— (V . 86, p . 9 7 5 ; V. 87, p. 227 , 1301: V . 88, p. 296 , 559 .)
P IT T S B U R G H A IcK E E S P O R T A Y O U G H IO G H E N Y R R . —(S ee M a p s
N . Y . C ent. A H . R. R R .) —O w n s from P ittsb u rg h to New HAVPn, P a ., 57
m .; Belle V e rn o n Jet. to B row n sville J e t ., P a ., 39 m .; bra n ch es, 14 m g
leases 2 m .; to t a l, 112 m iles, o f w h ich 79 m iles d o u b le tr&cfe

R
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I N T E R E S T OR D I V I D E N D S

R A IL R O A D S
F o r exp la n a tion o f colum n headings, & c .. see notes
on first page o f tables.

M ile s
of
R oad

D ate
of
B on ds

P itts b u r g h Ft W a y n e & C— G en s to c k 7 % gu P en n R R
470
G uaran teed special Im pt s to c k 7 % g u a r b y e n d - 470 1871
F irst m ortg a g e Series A to FI S in k in g fu n d c u m u la l
468 1862
Second
do
Series G to M .J
tlv e n o t d r a w n .c * j
468 1862
T h ir d m o r tg a g e ------------------------------------------------------------468 1862
191 ____
P itts b u r g h & Lake E rie— S to c k a u th $ 3 0 ,0 0 0 ,0 0 0 ___
73 1878
F irst m o rtg a g e g o ld --------------------------- -----------------------c
73 1889
S econ d m o rtg a g e gold Series A and B ____________ N .c
P itts b u r g h L isb on & W e s te rn — See W h eel A L a k e Erl e
1884
P itts b u r g h M c K e e s & Y o u g h — S to c k gu a r (see t e x t ) .
57 1882
First m ortg a g e gu a r b y P & L E an d L S 4 M S - . C
57 1884
2d M gu a r p A 1 (end) b y P & L E an d L S 4 M S - C
39 1888
M cK e e s p o rt & Belle V e rn o n 1st M go ld a s s u m .. FPi
15 1890
P itts O h io Val & Cin— 1st M gold s f n o t d r a w n .F P .c *
RR
P itts b u r g h P a in esville & F a im o r t— See B a ltim o re & O h io
1909
1906
1906
F irst m o rtg a g e g old $ 1 2 ,0 0 0 ,0 0 0 -----------------------T a .c *
1899
1902
N ew m o rtg a g e gold $ 1 5 ,0 0 0 ,0 0 0 .----------------------------1005
Car trusts (re c e iv e r ’s) gold d u e $84 ,0 0 0 y e a r l y .. x c *
1907
P itts b u r g h Virginia & C h a rle sto n — See P en n sylva n ia R R
P itts b T erm R R & C oal— W est Side B elt 1st M g. UPi T e x t
1897
P itts b u rg h T erm in al 1st M $ 7 ,0 0 0 ,0 0 0 g o l d .- C P i .c * T e x t
1902
1905
P itts b u r g h & W e s te rn — See B a ltim o re A O h io R R
P itts b W es tm orela n d & S o m e rse t— 1st M $ 7 0 0 .0 0 0 g .N
25.6 1905
P it t s b Y o u n g s t & A s h ta b u la — C om s to c k $ 5 ,9 0 0 ,0 0 0 .
143
P referred s to c k 7 % n on -cu m (see text) $ 9 ,1 0 0 ,0 0 0
143
C on sol M s f 1 % n o t d r a w n ____________________ Fc*
125 1887
F irst general m ortg a g e $ 1 5 .0 0 0 ,0 0 0 ____ _____ Ce c*
139 1908
P ly m o u th & M id d le b o ro — 1st M Int gu b y O ld C o l. . c *
15 1892
P o n tia c O x fo r d & N orth— F irst M g $ 4 0 0 ,0 0 0 . M e .c *
100 1896
1904
P o rt A n g eles P a c — 1st M $ 2 ,0 0 0 ,0 0 0 g red a t 1 0 5 .. I<
P ortla n d & R o ch es ter— See B o sto n A M aine R R
P ortla n d & R u m ford Falls R y — S to ck 8 % guaran teed
C o n s 'n o " 1st) M $ 1 ,0 0 0 ,0 0 0 g _______
______O B .c*

64

1896

S iz e, or
Par
V a lu e

R ate
%

$100 $ 1 9 ,714 ,28 6 See te x t
100 43.0 4 0 ,5 0 0 See t e x t
5 ,250,000
500 A c
7
7
500 A c
5,1 6 0 ,0 0 0
500 A c
2 ,0 0 0 ,0 0 0
7
50 15,000,000 10 InlOOO
1.000
2,0 0 0 ,0 0 0
6 g
1,000
2,0 0 0 ,0 0 0
5 g
50
1,000
1,000
1,000
1,000

W hen
P a yable

W here P a y a b le, and by
W hom

B on ds— P r in c i­
pal, W hen D ue
S tocks— Last
D ividend
1909 1 %
1909 1 H
1912
1912
1912
1909 5 %
1928
1928

J
W ln sto w , L a n ie rA C o .N Y
O
do
do
Q— J
V a rio u s
do
do
V a riou s
do
do
A A O
do
do
F & A C o ’s O ffic e , P itts b u rg h
do
do
J & J
A A O N ew Y o r k T ru s t C o , N Y

O ct
O ct
J u ly
J u ly
J u ly
Aug
Jan
Jan

5
1
1
1
1
2
1
1

J u ly
J u ly
J u ly
J u ly
O ct

1909 3 %
1 1932
1 1934
1 1918
1 1920

3,9 5 9 ,6 5 0
2 ,2 5 0 ,0 0 0
1 ,000,000
600,000
290 .000

6
6
6
6 g
5 g

J
.1
.1
J
A

A
A
A
A
A

J U n ion T ru st C o , N Y
J
do
do
J
do
do
J F id T itle A T r C o , P itts b
O B road S t S ta tio n , P h lla

5
5
5 g
4 g

1,000

525,000
200,000
575,000
164^000
1 4 ,491,600
198,000
508 ,000

J
M
M
F
F
M
M

A
A
A
A
A
&
A

D
Ju n e 1 1914
S
S e p t 1 1910
S
M ch 1 1911
A F e b 1905 Int last paid F e b 1 1949
A
do
do
F e b 1 1952
s
M ch ’ 10-M ch ’ 12
N G u ard ian T ru s t C o , N Y N o v ’ 0 9 -N o v ’ 1 4

1,000
1,000

383,000
See te x t

M
J

A
A

S
J

S e p t 1 1937
J u ly 1 1042
1955

A
M
M
M
.T

1,000
1,000

600.000
5 g
2 ,1 0 0 ,0 0 0 7 in 1909
9 ,1 0 0 ,0 0 0 7 in 1909
5
1,562,000
2 ,0 0 0 ,0 0 0
4 g
225 ,000
5
400,000
0 g
100,000
5 g

A
A
A
A
&
A
A
A

O N ew Y o r k
F a rm e rs ’ L A T r C o , N Y
s
do
do
do
do
1
M
D F a rm L A T r C o , N Y
J in te rn a tio n a l T r C o , B ost
J M ercantile T r u s t C o , N Y
O ct 1904 c o u p o n last paid

O ct 1 1955
S e p t 25 1909 3 H
S e p t 25 1909 3 y>
N o v 1 1927
June 1 1948
Jan 1 1912
J u ly 1 1016
A p r 1 1054

100
100
1,000

1,000,000
2 ;o o o ;o o o
975 ,000

A u g 1 1908 1%
P o r tla n d , Me
A u g 1 1909 2 %
do
Q F
M A N O ld C o lo n y T r u s t, B o sto n N o v 2 1026

1,000
1,000

1,000
100
100
1,000
1,000

L E A S E .— L ea sed t o P itts b u r g h A L a k e Erie R R , fo r 999 y e a rs . R e n ta l
Is 0 % on the s t o c k , p rin cip a l an d Interest o f the P itts b u rg h M cK e e s p o rt A
Y o u g h lo g h e n y b on d s bein g gu a ra n te e d b y P ittsb u rg h & L a ke Erie an d Lake
S h ore A M ichigan S ou th ern c o m p a n ie s , the gu aran ties be in g en d orsed on
the share certificates an d b o n d s. T h e g u a r a n ty o f the s to c k Is o n the
exp ress c o n d itio n th a t the h o ld e r shall a c c e p t par fo r the sam e o n J u ly 1
1934
See w ord in g o f g u a r a n ty In V . 56, p . 774 .
S t o c k a u th o riz e d ,
$ 4 ,0 0 0 ,0 0 0 ; tlrst m ortg age b o n d s a u th o r iz e d , $ 2 ,2 5 0 ,0 0 0 : se c o n d m o rtg a ge
b on d s a u th o riz e d , $ 1 ,7 5 0 ,0 0 0 .
P ro fit to lessee In 1908, $ 1 ,1 5 7 , o f w h ich
on e-h a lf w as p a y a b le to the L a ke S hore & M ich igan S o u th e rn .
.
P IT T S B U R G H OH 10 V A L L E Y & C IN C IN N A T I R R .— O w ns ro a d B ellalrc.
O ., to P o w h a ta n , O ., 15 m .
O p e ra te d fo r c o s t b y P en n . C o. In c o n n e c tio n
w ith C levela n d A P itts b u rg h sin ce D e c. 1 1892. S to c k a u th o riz e d , $ 1 ,5 0 0 ,­
000; ou ts ta n d in g , $ 30 0,00 0; p a r, $50 . T ru stee o f m tg e . (fo r $ 1 ,5 0 0 ,0 0 0 ),
F id e lity T r u s t C o. o f P h lla . C al. y e a r 1908, gross, $ 66 ,107 ; n e t, $ 37 ,168 .
P IT T S B U R G H S H A W M U T & N O R T H E R N R R .— R O A D .— P r o je c te d as
a s h ort rou te fro m the b itu m in o u s co a l fields In Elk an d Jefferson co u n tie s,
P a ., n o rth e rly to M aced on (o n th e N . Y . C. A H . R . R R . ) , In clu din g b ra n ch ,
350 m .
O p e ra te d , W a y la n d a n d H o rn e ll, N . Y . , t o K n o x d a le , P a ., A c .,v iz .
Owned—
M ile s .
L eased— (Concluded) —
M ile s .
W a y la n d , N . Y . , to H y d e , P a ___ 134 B r o c k w a y v llle to K n o x d a le , C on i­
O lean to O lean J u n c t io n __________
9
fe r a n d R a m s a y to w n ________ 36
Trackage—
K a sson to H a z lch u rst____________
5
P a in e t o C a rd iff___________________ 12 S tate Line J u n ctio n t o C o r y v llle - 11
B row n R u n B r a n ch _______________
2 H y d e to B r o c k w a y v llle ______
7
Leased—
B r o c k p o r t t o H o rto n C it y ______
2
H orn ell J u n ctio n to H o rn e ll______ 10
C royla.n d to H a llto n ........ ................ 12
..
_________
T o ta l o p e r a t e d _________________ 240
T h e P ittsb u rg h & S h a w m u t R R . , w ith $1 5 ,0 0 0 ,0 0 0 a u th o rize d s to c k ,
c o n tr o lle d b y th e sam e Interests, p ro p o s e s to b u ild an e x te n s io n fro m
H y d e , P a ., t o F re e p o rt, 102 y m iles, a n d w h en c o m p le te d Is t o be m erged
w ith the P ittsb u rg h S h a w m u t & N orth ern ; o f th is, B r o c k w a y v llle t o R a m ­
s a y to w n , 40 m iles, has b e e n c o m p le t e d , an d 36 m iles fu rth e r w as p la ce d
u n d er c o n tr a c t In S e p t. 1909. V . 8 1 , p . 32; V . 8 5 , p . 601 , 1645; V . 88,
p . 1194; V . 89, p. 84 7 .
O R G A N I Z A T I O N .— R e o rg a n iz e d w ith o u t fo re clo su re In 1901 u n d er plan
In V . 7 4 , p . 327 , o n ly $ 1 6 4,00 0 o f o ld $ 6 ,0 0 0 ,0 0 0 5 % b o n d s n o t h a vin g
a ssen ted . T h e K ersey R R ., 12 m iles, fo rm e r ly leased, and a b o u t 150,000
a d d itio n a l acres o f co a l lands a n d m ineral rights w ere p la ce d u n d er the new
m o r tg a g e .
V . 74, p . 32 7 , a n d circu la r, p . 578. T h e non -assen tin g bond s
re ce iv e d Interest to F e b . 1905. T h e o ld firsts o f 1899 e x c h a n g e d fo r the
b on d s o f 1902 have n o t been ca n c e le d .
V . 75, p . 291 .
R E O R G A N I Z A T I O N .— O n A u g . 1 1905 F ran k S u lliva n S m ith w as
a p p o in t e d re c e iv e r . N o plan o f re o rg a n iza tio n to O ct. 1909. In 1909 $ 1 ,­
6 0 0 ,0 0 0 5 % r e c e iv e r ’s c e r tfs . w ere a u th o r iz e d , o f w h ich $525,000 sold to
p r o v id e ch iefly fo r co n s tr u c tio n o f S ta te line b r a n c h . S ta te L in e Ju n e, to
C o r y v llle , 11 m iles, to rep la ce tra ck a ge ; rem ain d er reserved to retire $ 2 0 0 ,­
000 c ertifica tes d u e S e p t. 1 1910 an d $57 5,00 0 M arch 1 1911, and Im p r o v e ­
m en ts. V . 8 8 , p . 1129, 1194. Car trusts o f 1907 Issued b y re ce iv e r.
V . 86, p . 169. In S ep t. ’08 $95 ,7 0 0 6 % 3 -y r . n otes w ere a u th . V . 87, p. 813.
S T O C K .— A u th o riz e d . $ 1 5 ,0 0 0 ,0 0 0 ; Issued, $ 1 1 ,7 0 0 ,0 0 0 ; par, $100.
R R . E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ..G r o s s , $ 83 6,46 5; net,
$11,512
J u ly 1 to Jun e 3 0 .
J 1 9 0 7 - 0 8 ..G oss, 832 ,2 9 6 ; o p . d ef.1 15,2 34
O th er In com e 1908-09, $11 5 ,8 6 8 ; ch arges, $21 6,07 0; b a l., d e f., $ 88 ,626 .
F'or 8 m os. en d in g F e b . 28 1909, n e t R R . e arn in gs, $ 7 ,901; ta x e s . $12 ,388 ;
o t h e r In com e, $80 ,358 ; hire e q u ip ., re n ta ls, Int. on re c e iv e r ’s c e r tfs ., & c .,
$12 5 ,1 6 4 ; b a l., d e f ., $ 51 ,292 ; p r o fit c o a l, A c ., p ro p e r tie s , $ 18 ,621 ; loss all
p ro p e r tie s , $32 ,671 .
R E P O R T .— F o r th e y e a r e n d in g Ju n e 30 1008 (see V . 8 7 , p . 1 2 9 8 ),
railroa d earnings w ere: G ross, $83 1 ,7 1 7 ; o t h . In c., $21 9,81 8; o p e r . e x p . A
ta x e s , $ 73 7,81 8; to ta l d e d u c ., $ 16 5,52 2; b a l., s u r ., $ 14 8,19 5.
N et p ro fit o f
c o a l, & c ., c o s . c o n tro lle d w as $14 1,15 6; surplus fro m all pro p e rtie s, $ 28 9,35 1.
O F F I C E R S .— A ctin g P r e s ., F ra n k S . S m ith , 60 W all S t .— V . 8 9 , p . 847 .
P IT T S B U R G H T E R M IN A L R R . & C O A L C O — O w ns $ 1 ,0 6 5 ,0 0 0 o f the
$ 1 ,0 8 0 ,0 0 0 s to c k of the W e st Side B elt R R ., h a vin g a b elt line e x te n d in g
fro m P itts b u rg h to C lalrton , P a ., 2 0 .6 m iles a n d B a n ksville J u n o , to
B a n k svllle, 2 m iles, w ith 13 m iles o f sid in gs, a to ta l o f 3 5 .6 m iles.
O w ns In
fee a b o u t 15,000 acres o f coal an d 675 acres o f su rface lands a d jo in in g In
A lle g h e n y C o u n ty , P a .
V . 8 0 , p . 1236; V . 8 8 , p . 1254. C a p a city o v e r
3 ,0 0 0 ,0 0 0 ton s y e a r ly . S ee V . 78, p . 703; V . 8 0 , p . 1480.
In Jun e 1908
F . H . S k eld in g and H . W . M cM asters w ere a p p o in te d receivers o f W e s t Side
B elt R R .
V . 8 6 , p . 1590.
In 1904 th e W a b a s h -P itts b u r g h T erm in al R y . (w h ich see) a cq u ire d the
entire $ 1 4 ,0 0 0 ,0 0 0 s t o c k .
V . 7 9 , p . 1024, 2086; V . 8 0 , p . 1236.
T h e first 5s o f 1902 are secu red o n coa l lands an d b y m o rtg a ge o f W e st Side
B elt R R ., w h ich gu aran teed th e m , p rin cipa l a n d Interest, an d b y pledge o f
W est Side B elt s to c k ow n e d . S in k in g fu n d 8 cen ts p er to n o f co a l m in ed .
Of the 5s, $4,2 8 7 ,0 0 0 w ere o u ts ta n d in g In A u g 1908, b ein g pled ged u nd er
the Junior 4 s, and rem ain in g $ 1 ,3 7 9 ,0 0 0 reserved fo r W e s t Side B elt anti
coa l land m tges.
O f con sols o f 1905, presen t Issue ($ 5 ,5 0 0 ,0 0 0 ) Is d e p o site d
u n d er W a b a sh 4 J^% n otes o f 1905. P re s., B . F . B u sh .— (V . 8 8 , p . 1254.)
P IT T S B U R G H W E S T M O R E L A N D & S O M E R S E T R R .— O w ns fro m
Llgonlcr, P a ., t o S om erse t, 25.6 m iles: c o m p le te d In Jun e 1906. S to c k ,
$ 7 0 0 ,0 0 0 , all o u tsta n d in g: par, $100. F o r y e a r e n d in g Ju n e 30 1908, gross,
$ 30 ,346 ; o p . d e f ., $ 5 ,2 9 4 .
P r e s ., J . H e n ry C och ran ; S e c. an d T r e a s .,
L . H . E llen , L lg on ier, P a .— (V . 8 1 , p . 1849.)
P IT T S B U R G H YO U N G S TO W N & A S H T A B U L A R Y .— O w ns K e n w o o d ,
P a ., t o A sh ta b u la H a r b o r , O .. 99 m iles; N iles t o A lliance J u n ctio n , O ., 25
m iles; H o m e w o o d t o W a m p u m J u n e ., 6 m iles; L a w ren ce J u n e , t o N ew
C astle, 3 m iles; Canfield B ra n ch , 1 m ile; B essem er B ran ch , 5 m iles; tra ck ­
a g e , 4 m iles. T o t a l, 143 m iles. P e n n sy lv a n ia C om pa n y o w n s $ 5,775,000
o f the preferred s tock an d a ls o the $ 2 ,1 0 0 ,0 0 0 c o m m o n , s u b je c t t o rig h t o f
e ith e r p a r ty t o term in a te lease on 12 m o n th s ’ n o tice , an d operates the
r o a d fo r Its net earn in gs. P referred s to c k Is 7 % n o n -c u m u la tlv c , b u t If
less Is paid in a n y y ear becau se o f earnings d iv e rte d t o Im p ro v e m e n ts, the
ba la n ce u p t o 7 % m ust be p a id In su b s e q u e n t years b e fo re co m m o n receives
a n y p a y m e n t . V . 8 5 , p . 95; V . 8 2 , p . 693.




A m ou n t
O utstanding

5 g
5 g
5 g
4H

8
4 g

J
J
A

s

o

D I V I D E N D S .— O n p referred In fu ll t o S e p t. 1909. O n c o m m o n , 190 6,
6 % ; 1907 t o 1909, 7 % (M . A S .).
B O N D S .— T h e first general m o rtg a ge b o n d s o f 1908 ($ 1 5 ,0 0 0 ,0 0 0 , Issu­
ab le In series a t Interest rates to be fixed fro m tim e to tim e) are free o f ta x In
P e n n sylva n ia an d O h io: o f the b on d s $ 2 ,0 0 0 ,0 0 0 series A have been Issued.
$ 1 ,562,000 arc reserved to retire the old b o n d s a n d the rem ain der fo r
c o n s tru ctio n a n d a c q u isitio n s.
V . 87, p . 416.
E A R N I N G S .— R e p o rt fo r calen d ar ye a r 1907 In V . 87, p . 282.
In 1908,
G ross, $3 ,5 8 8 ,0 9 3 ; n et, $ 1 ,3 9 6 ,0 2 2 ; o th e r In com e, $22 ,464 ; interest on
b o n d s, $16 0,13 0; ca r trust p a y m e n ts , $ 17 ,712 ; Interest on car tru sts, $1,307;
re n ts, $15 ,645 ; hire o f e q u ip m e n t, $47 ,158 ; Im p ro v e m e n ts, $21 2,49 8; o th e r
ch arges, $54,893; d iv id e n d o n c o m . s to c k ( 7 % ) , $ 14 7,00 0; p r e f. d lv . ( 7 % ) .
$63 6,06 9; b a l., s u r ., $ 1 2 6 ,0 7 4 .— (V . 8 7 , p. 282 , 416; V . 8 8 , p . 1314.)
P L Y A 10 U T H & M ID D L E B O R O U G H R R .— P ly m o u th t o M id d le b o ro u g h ,
M ass., 15 m iles. S to c k , $ 8 0 ,0 0 0 .
L eased to O ld C o lo n y R R . fo r 99 years
fro m J a n . 1 1892, n o rental to be p aid to J a n . 1 1917; th e re a fte r lessee to
p a y 3 0 % o f gross earn in gs, the lessee gu a ra n te e in g a t all tim es p a y m e n t o f
in terest an d n o t to e x c e e d 4 % o n s to c k .
P O N T IA C O X F O R D & N O R T H E R N R R .— O perates ro a d fro m P o n tia c ,
M ich ., to C asevllle, M ich ., 100 m iles.
In M arch 1905 R o b e r t J . L o u n s b u ry
o f P o n tia c , M ich ., w as a p p o in te d re c e iv e r . S a le , s u b je c t to first m o rtg a g e ,
was a d jo u r n e d fro m Jun e 17 1909 to a d a te to be a g r e e d u p o n , the s h a re­
h olders m ean tim e. It w as e x p e c t e d , to a gree u p o n a plan fo r o p e r a tin g the
r o a d . V . 89, p . 4 2 . O n Ju n e 30 1909 $ 22 ,000 4 % r e c e iv e r ’s c e r ts .. Issued
to p a y taxes d e fe rre d p e n d in g litig a tio n , w ere o u ts ta n d in g .
B on d Interest
p aid to J u ly 1909, In clu sive. V . 8 0 , p . 1424. S t o c k , $ 1 ,0 0 0 ,0 0 0 .
D iv i­
de n d s: In 1890, 1 % ; 1 8 9 1 .3 % ; 1892, 4 % ; 1893, 6 % ; 1804, 4 % ; 1895, 3 H % ;
1900, 4 % ; 1901 (?); 1902, 5 % ; 1903, 1 % ; 190 4, 2 % ; n on e sin ce .
L itig a tio n ,
see V . 77, p. 299; V 84, p 509 .
F o r y e a r e n d in g Jun e 30 1909, gross,
$22 6,93 1; n e t, $ 7 2 ,0 3 2 ; In t., ta x e s , A c ., $51 ,7 6 7 ; b a l., s u r ., $ 2 0 ,2 6 5 .— ( V .
89, p . 42.)
P O R T O’CO N NO R R IO G R A N D E & N O R T H E R N R R .— P r o je c te d fro m
P o rt O ’C on n or, T e x ., t o San A n to n io , 200 m iles, w ith bran ch to S m lth v llle,
50 m iles. O f th is, B lo o m in g to n t o P o r t O ’C o n n o r Is be in g b u ilt b y the
S t. L o u is B ro w n sv ille & M e x ico .
In F e b . 1907 gra d in g w as co m p le te d
fro m P o r t O ’C o n n o r to Y o a k u m , 90 m iles, a n d w as In progress fro m Y o a k u m
t o G onzales, 26 m iles.
N am e ch a n g e d fro m T e x a s R y . In D e c . 1906.
S to c k a u th o riz e d , $ 1 ,0 0 0 ,0 0 0 .
B o n d s a u th o riz e d , $ 5 ,0 0 0 ,0 0 0 3 0 -y c a r 5s.
C h ica go T itle & T ru s t C o . an d W illia m C. N ib la ck are m o rtg a ge tru stees.
V . 84, p. 509. P r e s ., M . G ogga n ; 1st V .- P . an d G en . M g r., w . I . Allen;
S e c. an d T re a s ., A u gu st d e Z a v a la .
O ffice , V ic to r ia , T e x .— (V . 84, p . 509.)
P O R T L A N D & R U M F O R D F A L L S R R . — Leases fo r 1,000 years fro m
A pril 1 1907 the P o rtla n d A R u m fo r d F alls R y . an d the R u m fo r d Falls &
R a n g e le y Lakes R R ., to g e th e r e x te n d in g fro m O q u o ssu c, M e ., to R u m fo r d
J u n ctio n , 90 m iles, w ith bran ch to O tis Falls, 10 m iles; t o ta l, 100 m iles.
Lease pro v id e s fo r Interest o n b o n d e d d e b t o f tw o co m p a n ie s an d 8 % on
$ 2 ,0 0 0 ,0 0 0 s to c k o f P . A R . Falls R y . an d 2 % on $3 0 0 ,0 0 0 s to c k o f R . F . A
R a n g e le y Lakes R R
T h e c o m p a n y Is Itself leased to the M aine C entral R R .
V . 8 4 , p . 868; V . 8 5 , p . 922 .
In c o r p o r a te d M ch. 28 1907 w ith $1,0 0 0 ,0 0 0
a u th o rize d s t o c k .— (V . 84, p . 932; V . 8 5 , p . 922.)

P O R T L A N D U N IO N R A IL W A Y S T A T IO N .— Stock. $50,000.

Bonds

gu aran teed Join tly b y B o s to n A M aine a n d M aine C en tral.
P O R T R E A D IN G R R . — O w ns 21.21 m iles o f r o a d , co m p le te d S e p t. 1892
fro m P o r t R e a d in g J u n e ., N . J ., t o co a l piers o n S taten Isla n d S o u n d ; sid ­
ings an d laterals, 4 9 .5 5 m iles; t o ta l, 70.76 m iles. C apital s to c k a u th o riz ed ,
$2 ,0 0 0 ,0 0 0 ; p a r, $100, all o w n e d b y R e a d in g C o ., $ 1 ,5 5 5 ,0 0 0 bein g d ep osi­
ted u n d e r Its general m o rtg a g e o f 1897 a n d $44 0,00 0 u n d er Its J ersey C entral
co lla te ra l m o r tg a g e .— (V . 55 p . 544, 639 , 680.)
POTOM AC F R E D E R IC K S B U R G & P IE D M O N T R R .— (3 -ft. g a u g e ).—
F re d e rick sb u rg to O range C ou rt H o u s e , V a .,3 7 .6 m . S to c k , $460,000; par,
$100. Of th e b o n d s ($750,000 a u th o r iz e d ), $45 0,00 0 Issued to refu nd
the o ld b o n d s w h ich m a tu red an d fo r Im p ro v e m e n ts an d e q u ip m e n t, a n d
rem ain in g $30 0,00 0 a r c issuable o n v o t e o f sto c k h o ld e r s. V . 89, p . 47 0 .
P re s., L . H a rry R ic h a r d s : V .- P . a n d T r e a s ., G eo. W . R ich a rd s ; S e c ., J . L .
S a v a g e . O ffic e , F re d e rick sb u rg , V a .— (V . 8 9 , p . 470.)
PO TO SI & R IO V E R D E R Y .— O w ns a n arrow -gau ge road fro m C ity o f
San Luis P o to s l, M e x ico , to H a cie n d a A lv a re z , 40 m iles. H as co n cession s
fo r 99 years e x p irin g N o v . 4 1985, w hen railroad be co m e s the p r o p e r ty o f
the M exican G o v e rn m e n t. C o m p a n y Is e x e m p t fro m taxes and Im port
duties fo r 15 years a fte r o p e n in g .
P re s ., R o b e r t S. T o w n e ; S e c ., R . E.
S a lfo r d . 82 B ea ver S t ., N ew Y o r k .

99 years at 1 0 % per a n n u m o n s to c k to N . Y . N . H . & H .— (V . 63, p . 1064.)
Q U A K E R T O W N E A S T E R N R R .— Q u ak ertow n to R le g e ls v lllc, P a .. 15
m . N o t In o p e r a tio n sin ce M arch 1908. S t o c k , $ 1 8 0 ,0 0 0 .— (V . 83, p .14 7 1.)
Q U A N A H A CM E & P A C IF IC R Y . — P r o je c te d fro m Q u an ali, T e x ., at a
c o n n e c tio n w ith the S t. L ou is A San F ra n cisco , t o R o s w e ll, N . M ., 350 m .,
o f w h ich Q uanah to L a za rro, 15 m ., o p e n e d A u g. 1909; 43 m . fro m Q uanali
t o P a du cah w ere e x p e c te d to bo In o p e ra tio n a b o u t N o v . 1 t9 0 9 .
In S e p t.
1909 a p p lic a tio n w as m ad e to Issue $20,000 b o n d s per m ile o n 58 m iles.
P re s.. Sam L a za ru s, N ation a l B a n k o f C o m m e rce B ld g ., S t. L o u is , M o .;
1st V .- P . a n d A sst, to P re s., Charles H . S o m m e r; S e c . a n d T r e a s ., T . H .
H aw k in s, Q u an ah , T e x .
Q U E B E C M O N T R E A L & S O U T H E R N R Y . — (See M a p D e l . A I l u a . ) —
S t. L a m b e rt, o p p o s ite M ontreal, th rou gh S orel to P lerrevllle, a n d fro m
N o y a n Ju n o, t o S t. R o b e rts J u n e , on the a foresaid line; t o ta l, 145 m iles.
A n e x te n sio n will be b u ilt fro m Plerrevllle to C h audlere J u n e ., w h en ce the
new Q u e b e c B rid ge Is r e a ch e d , a dista n ce o f 92 m iles, o f w h ich 40
w ere
c o m p le te d
In
Jun e
1909.
The
N a p lcrv llle
J u n ctio n R y .,
R o u s e ’s P o in t to S t. C o n sta n t, 27 m iles, w as also a cq u ire d b y the D el. A
H u d so n , and tra ck a g e fro m S t. C on sta n t to M ontreal a n d fro m R o u s e ’s
P o in t to N o y a n J u n e ., 16 m iles; to ta l t o be 380 m iles.
S to c k a u th o riz e d . $ 2 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $1 ,0 0 0 ,0 0 0 ; par, $100. In
F e b . 1908 $ 6 ,0 0 0 ,0 0 0 o f 6 % certificates w ere Issued t o the D elaw are A
H u d s o n to c o v e r a d v a n ce s fo r co n s tr u c tio n .
V . 8 4 , p . 338 ; V . 8 6 , p . 285 .
P r e s ., L . F . L o r e e .— (V . 8 4 , p . 627 .)

R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c, see notes
on first page o f tables

M ile s
of
R oad

C o lla te ra l tru st b o n d s $500,000 s in k in g f u n d ______
_
_
P o rtla n d U n R y S t a — B d s (n o t m tg ) S e r ’’A ” & “ B ” g s
P o rt R e a d in g — 1st M g g u a r b y old P & R . . . P e P . c * & ]
21
P o to m Fred & P ie d — 1st M g red 105 b eg D e c ’0 9 . P e l
37
P o to si & R io V erde— 1st M $15,000 p m call 1 1 0 -M o .c ’
40
P ro vid e n ce & S p rin g fie ld — See N e w Y o r k N e w H aver. & H a
P ro vid e n ce T e rm in a l— See N e w Y o r k N e w H a v e n & H a r t f
P ro vid e n ce & W orc e ste r— S t o c k (1 0 % r e n ta l)_______
51
F irst M (re fun d in g) cu r $1,500,000 ( V 6 3 , p 1004) .c*
51
Q u a k e rto w n & (-aste rn — F ir s t m tge g o ld ........G u P .c *
15
R a ilro a d Securities— S t o c k co m m o n $10,000,000____
_
_
Preferred sto c k 4 % cu m u la tiv e $10,000,000_______
_
_
111 C e n t sto c k ln t certs cu m go ld Se r A red 1 0 5 .. U s
_
_
R a le ig h & A u g u s t a — R a le ig h & G a s to n — See Se a b o a d A ir
R a le ig h & C h a rle sto n — 1st prior lien bd s g red t e x t. c
43
C o n so l m tge b on d s $1,000,000 go ld red t e x t ........c
43
R a le ig h & S o u th p o rt— R & C F 1st M $310,000 g . K . c
32
R a le ig h & S o u th p o rt first m tge $2,000,000______ K
61
do
do
general m o rtg a ge $200, 000 . . N
...
R a le ig h & S o u th w e s te rn — See Ch esapeake & O h io
R a p id C it y B la c k H ills & W e s t — 1st M $750,000 a u th
R a r ita n R iv e r R R — F irst m o rtg a ge g o ld ........... .......c
20
R e a d in g B e lt— 1st M g $750,000 gu p & I (end) . . G P . c
7.4
R e a d in g & C o lu m b ia — F ir s t m tge (ext In 1882)____c
40
Se c o n d m tge co u p o n (extended In 1884 & 1904)
c
40
D eb en tu res _________ ______ _____ ______________ c
_
_
R e a d in g C o m p a n y — C o m m o n s t o c k . . _.
_
_
F ir s t preferred sto c k 4 % n o n -c u m u la t lv e .........
_
_
Se c o n d preferred sto c k 4 % n o n -c u m u la tlv e
"
_
_
G e n M $135,000,000 g s f n o t su b j to c a ll. C e .c * & i T e x t
Jersey C e n tra l coll tru st m tge g red 105. P e P .c * &r
_
_
P h ila d e lp h ia S u b w a y M $3,100,000 g o ld
PcP
_
_
W llm & N o r stk tr ctfs g red 105 ( V 72, p 340) G P )
_
_
E q u ip m e n t tru st Series D go ld $156,000 se m l-a n n
_
_
do
do
Series E $5,300,000 a u tho rized
a $22,000 held b y s in k in g fu n d D e c 1908

D ate
of
B on ds

S iz e, or
Par
V a lu e

1897
1904
’87-'89
1891
1909
1898
rtfo rd
ord
____
1897
1897
____

$500 & c
500 & c
1,000
1,000
1,000
1,000
100
1,000
500
100
100
1,000

1902
L in e R y.
1906
200 & c
1906
200 & c
1903
1,000
1905
1,000
1907
1,000
1909
1889
1900
1862
1864
1877
____
____
1897
1901
1907
1900
1902
1907

500
1,000
1,000
100 & c
1,000
1,000
50
50
50
1,000 & c
1,000

O w n s A ld en e, N . J ., on C e n tra l R R . of N e w
to Roselle 1 a rk on L e h igh V a lle y R R . , a n d S u m m it , on the D el
& W e st., com pleted A u g . 1906.
V . 83, p. 380. Oper. b y R a h w a y
6
1729‘ S to c k , $400,000, all o u tsta n d in g .
au th o riz ed , $400,000.
I; or y ea r e n d in g Ju n e 30 1909, gross, $10,131;

J ersey
Lack.
Rnnflfl
Bonds

VALLEY

R R .—

Of w h i ^ R « AonnSlw > lJ,? ,T , E iS ,C 0 . ’ P w n s * 9 -500.000 Illin o is C e n tra l stock,
,r
of w hich $8,000,000 pled ged tor Its Interest certs, (see below )
U n io n P a ­
cific on Ju n e 30 1908 ow ned $3,482,900 com . a n d $t 935.900 pref. stock.
T h e $8,000,000 present Issue of interest certificates ($20,000,000 a u th o r­
ized) are secured b y a like a m o u n t of Illin o is Ce n tra l stock. Interest a t 4 %
(c u m u lative ) bein g p a ya b le If received fro m d iv id e n d s on the shares pledged,
the sto c k Itself bein g d elive rab le to the holders of the certificates a t m a tu r ity
unless the op tio n to c a ila t 105 is In m ean tim e exercised. V . 74, p. 937,1039
D iv id e n d s on preferred In 1902 to O c t 1909, both In clu siv e , 4 % y e a rly
(paid A. & O.)
O n co m m on , 3 ^ % Deo 29 1905. J u ly 1906, 2 V i% .

RALEIGH & CHARLESTON RR. — O w n s L u m b e rto n , N . C., to M a rlo n ,
-. 43 m .
V . 8 1 . p. 1241, 1437. S t o c k au th o riz ed , $850,000.
O f the b o n d s (In te rn a tio n a l T r u s t Co. of M a r y la n d , trustee), $350,000
are 1st m tge. prior lien 4s a n d $1,000,000 consols, the first ten c o u p o n s on
the la tte r to be p a id In cash u p to 4 % a s earned, the b a la n ce In 10-year 6 %
In tere st-b ea rin g scrip, w ith In terest p a ya b le s e m i-a n n u a lly a n d su b ject to
call a t par. O f the consols $350,000 are reserved to retire the p rior lien s
a n d $450,000 for future exten sion s a n d Im p ro v e m e n ts.
V . 83, p. 97.
S-

o i Yi»a r w m .n g J u ?,e U° 1909 • g r o s s . $78,868: net, $26,630. Pres., J o h n
,
S k e lto n W illia m s , R ic h m o n d . V a .; Sec. & Tre as., W . R . S to rrs, R ic h m o n d .
V a .— \ V . 82, p. 629; V . 83, p. 97.)
& . S O U T H P O R T R Y . — O pe rates R a le ig h , N . C ., to F a y e tte ­
ville, 64 m iles, In cl. 2 m . of trackage; of w hich L lllln g t o n to F a ye tte v ille ,
30 m ., w a s co m pleted A u g . 1906. Su ccessor Ju n e 1 1905 to R a le ig h &
Cape h e a r R R .
V . 80, p. 2400. S t o c k au th o riz e d , $10,000 per m ile.
C o nsols (see table above) are lim ite d to $8,000 per m ile (of w hich $1,000 for
J R 'i'P H re n t), except $30,000 to be Issu ed on b rid ge ov e r C a p e F e a r R iv e r.
O f the b on d s. $167,000 were reserved to retire the old b o n d s. V . 82, p. 929.
E £ ? N I N G S . — 12 m o s.,11908-09............. G ro ss, $140,372; net, $50,807
J u ly 1 to June 30.
J1907-08------------- G ro ss,
120,905; net, 25,731

hoiYea^ ,f907« ? 8Krv?OSST
5a L‘’
In

n e t’ $29,059; charges a n d taxes, $33,566;
1906-07, gross, $101,707; net, $28,337. P res.,

8 2 ? p . A 92^; V . S8 ° £ ^ 1 2 2 6 ? ' ' F ' T ' R lc k S ‘
e6 ,‘

R ate
%

$350,000
500,000
300,000
1,500,000
450,000
a578,000

4 g
4
4

° fflce- R a le ig h , N . C .— ( v !

RAPID CITY BLACK HILLS & WESTERN RY. — See p a ge 169.
RARITAN RIVER RR. — S o u t h Amboy to N e w B r u n s w ic k , N . J., 13
b» ?n n h
nnn- n»1 ,l*iVin0taU i
?
m ' Ie s- S to c k au th o riz e d , $1,000,000;
Issued, $400,000, par, $100.
D iv id e n d s p a id In 1902-03 a n d 19 03-04 4 %
yearly; In 1904-05, 4
In 1905-06, 5 ^ % ; In 1906 07, 6 % ; 1 9 0 7 0 8 , 5 U %
Y e a r e n d in g Jun e 30 1908, gross, $178,448; net, $57,745? ln t tax e s & c
$34,445; d iv s. <5M % ) . $22,000; su rp lu s, $1,300? P re s , W m . G B u m stead; T re as., C h as. H . Sisso n .— (V . 85, p. 1463.)
.
.
um

i g
Z
6

3,500,000
10
1,500,000
4
180,000 _ 5 g
3,486,420 See te x t
1,936,900 1 In 1901
8,000,000
4 g
350,000 _ 4 g
200,000 See te x t
137,000
5 g
369,000
« e
75,000
6 g

350,000
400.000
750,000
650,000
350,000
1,000,000
70,000,000
28.000,000
42,000,000
73,196,000
23 000,000
682
1,000
1.295,000
1,000
312,000
N ’neJune09

., vsV .vV ,^ v y j s u o y u e i I . — yuxum on n am e io r G in . iv. o . & T e x a s P ac.
A la . G t. S o u ., N e w (Jrl. & N . L ., A la . & V ick s, a n d V ic k s. Sh re ve & P ac.
R A H W A Y

IN T E R E S T OR D IV ID E N D S
A m ount
O utstanding

W h en
P a ya b le
F
F
J
J
J
A

&
&
&
&
&
&

A
A
J
J
D
O

P o r tla n d , M e
do
do
a n d B o sto n
R e a d in g T e rm in a l, P h ila
P e n n C o fo r In s , & c ,P h ila
82 B e a v e r S t , N e w Y o r k

A u g 1 1927
F e b 1 1924-34
J u ly ’2 7 -J an '2#
J a n 1 1941
Ju n e 1 1949
O c t 1 1918

C h e cks m a ile d
Sept
H o s p ita l T r C o . P r o v , R I O c t
Jan
C h e cks m a ile d
J u ly
do
O ct
O ffice, 120 B ’w a y , N Y J a n

30 ’09, 2 >4
1 1947
1 1927
2 1906 2J4
1 1909 2 %
11952

F
F
M
J
A

In te r n a tio n a l T r C o , B a lt
:
do
do
K n ic k e rb o c k e r T r C o , N Y
K n ic k e r b o c k e r T r C o , N Y
N ew Y o rk T ru st Co, N Y

1
1
1
1
1

&
&
&
&
&

A
A
S
D
O

e

iS

B on ds— P r i n d pa l, W h en D u e '
Stocks— Last
D ivid en d

Q— M
A
& O
J
&
J
See te x t
A
& O
J
&
J

5 g
a

W h ere P a y a b le, and by
W hom

4
&
6
&
In 1909 F
&
In 1909 M &
In 1909 M &
4 g
J
&
A
&
4 g
&
3H e F
4 g
Q— M
&
4 H ? F
4H g

D
D
A
S
J
i
.
.

Feb
Fe b
M ch
Ju n e
Oct

1956
1956
1943
1965
1917

New Y o rk
N e w J e rsey T it le G & T r
R e a d in g T e r m in a l, P h ila
do
do
do
do
do
do
R e a d in g T e r m B ld g , P h il
do
do
do
do
J J P M o rga n & Co, N Y
do
do
a n d P h ila

1939
J a n 1 1939
S e p t 1 1950
M c h 1 1912
Sept 11912
D e c 1 1917
A u g 2 1909 2 %
S e p t 10 1909 2 %
N o v 10 1909 2 %
J a n 1 1997
A p r 1 1951
F e b 1 1957
G ir a r d T r u s t Co’,’ ’P h Ila W h e n d ra w n
R e a d in g T e rm B ld g , P h il T o A u g 1910

L in e s C on trolled— (C on.)
M ile s I C cn 'ro lled — (C cn .)
M il e s
C ape M a y D e l. B a y & Se w . P t
6.3 P ic k e r in g V a lle y ...................
1 1 .2
O cean Street P ass. R y ...........
1.5 S t o n y Creek R R ................. .
1 0 .0
C a ta sa u q u a & F o g e lsv . R R . .
30.9 W illia m s V a lle y R R . . ......... ..
11 .0
G e tty sb u r g & H a r r is b u r g R y . *
31.1
(•See th is c o m p a n y .)
---------P e rklo m e n R R . * ______
38.1
T o ta l c o n tro lle d ___________1,126.7
P h il. N e w to w n & N . Y . R R . * .
21.7
T r a c k a g e ________
._
._ 2 7 . 1
21.0
P o r t R e a d in g R R . * ......... .....
T o ta l sy ste m J u ly 19 0 9 (2d track , 867.6 m ile s)...............
2.150.7
f r o m the c o m p a n y ’s d o ck s a t the extensive term in al a t P o r t R ic h m o n d
t operates a line of steam e rs a n d b a rge s In coastw ise coal traffic a n d p ro­
v id es berths w ith elevators, gra in d rier a n d a cco m m o d atio n s fo r se veral
tr a n s -A tla n tic ste a m sh ip lines.
I n J an . 1901 control of C e n tra l R R . of
N e w Jersey w as acqu ired.
(V . 72, p. 86, 340. 392. 676; V . 73. p. 847.)
T.
h? B a ltim o re & O h io a n d the L a k e Sho re & M ic h ig a n
iA n « h« J nnan J
re ,0l“u ly J ? , ^ I& 'i aL c
t
,?ntro1' h a v ln £ a cqu ired In 1903-04 ove r

1 lWy ° r prc,crrc'i
"
4 1* v
R
Nx T ^ Thn P h ila d e lp h ia * R e a d in g R R . (chartered A p ril
Tnon3 3 ) A nd the , - A R - C o al & Ir o n C o - were so ld In foreclosure S e p t. 23
P
1896 a n d reorganized per plan In V . 61, p. I I 0 9 . See V . 64, p. 709.
P

,,.3 ®
R e a d in g C o m p a n y ” In the reorgan iza tion a cqu ired the se c u rity
h o ld in gs, real estate, e q u ip m e n t, & c., of the old P h ila . & R e a d in g R R . C o •
a lso the $20,000,000 sto c k a n d $20,000,000 b o n d s of the P h ila . & R e a d in g
R y . a n d the $8,000,000 sto c k of the C o a l & Ir o n Co. T h e r ig h t to m in e
coal, giv e n b y charter. Is protected b y Sta te C o n st, of 1873. V ? 82, p . 3 9 3 .
„ „
,
, P ro p erty o f R eading C o m p a n y .
*32 g i n 348
R a ilw a y eq u ip m en t leased to R y . C o ...................... ..........
R e a l estate n ot a p p u rt. to R R . (an n . revenue a b o u t $175,000).
17!o92)575
Co lliers a n d barges leased to R y . Co. for $115,000 y e a r ly ..........
3,455,31 2
L ea sed a n d new e q u ip m e n t......................... .............
9 059 028
p; * ?•» £*
$20,000,000, a n d b on d s, $20,000,666,’ p a r i I
40!000|000
P h ila d e lp h ia & R e a d in g C o a l & Ir o n stock a t p a r ....................
8,000,000
M isce llan eo u s securities a t p a r (In 1896 yield ed $ 7 6 5 ,0 0 0 )...
77 054 6<9
M tge s. a n d gro u n d ren ts a t p a r (n ot u n d er 1896-97 m tg e .)____
260,182
ln t . in P h ila . & R e a d in g C o al & Ir o n a b o v e securities ow ned
74.800.255
C la im s a g a in s t other co m pan ies, & c __________ ______________
8,325,173
T o ta l J u ly 1 1909 (see V . 89, p. 7 8 6 )................................. .$270,957,523
„
, ,
, P ro p erty o f Philadelphia & R eading Coal & Iro n C o.
C o al la n d s ow ned, 91,640 acres, w ith Im p ro v e m e n ts............... $66,515,552
C o a l la n d s leased, 7,323 acres.
T1^
r A 2 d ?,?w ? e d ’i 8 3 8 -827: N e w Y o r k a n d E a ste rn depots.
$724,507; W e ste rn d epots. $1,046,446; coal on h an d a n d other
current assets, $8 ,998 ,942; depletion fu n d , $401,302............ 12,010,025
S to c k s a n d b o n d s of co m p a n ie s co ntrolled, n e a rly a ll o f w hich
are collateral for lo a n s created p rio r to 1896_______________
9,554,915
S to c k s, b o n d s a n d m o r tg a g e s................................................*
72,751

T o ta l assets, per b o o k s, Ju n e 30 1909______________________$88,153,243
O ffsets— Co ll. s.f. b o n d s, $1,200,000, c u r’n t lla b ll’s, $1,788,462 $2,988,462
S I N K I N G F U N D . — W h e n e v e r, In a n y year, a d iv id e n d Is p a id on tho
R E A D I N G B E L T R R .— B e lt ra ilro a d 7.4 m . In le n g th a ro u n d R e a d in g ,
stock, an a m o u n t m u st be p a id sim u lta n e o u sly to the trustee eq u a l to 5
P a., opened M a y 1902. V . 71, p. 751. S to c k , $750,000, a ll ow ned b y
cents per ton on a ll coal m in e d b y the C o a l & Ir o n Co. d u r in g the p reced in g
R e a d in g C o m p a n y .
R o a d leased to P h ila . & R e a d in g R y . fo r 999 y ears
year, If the aggre ga te o f d iv id e n d s so declared exceeds th a t su m ; otherw ise
from J u ly 1 1902 for lnt. a n d taxes a n d 4 % on sto c k .— (V . 74, p. 1090.)
su ch lesser su m a s sh a ll equal the d iv id e n d s so declared.
U n d e r th is p ro­
R E A D I N G & C O L U M B I A R R . — O w n s C o lu m b ia to S in k in g S p r in g s P a
v isio n general m tge. 4s (not callable) were p u rch ase d a n d canceled a s fo l40 m iles; bran ches, 14 miles; operates M a rie tta J u n ctio n to C h lckles, 6 miles-'
J®ws: “i n M ch . 1900, $433,000; In 1901, $391,000; 1902, $443,000; 1903,
tota l operated, 60 m iles. S to c k , $958,373 (par. $50), of w hich $788 2 0 0 ’
n904, $496-°°0: >n 1905. $448,000; 1906, $493,000; 1907,
together w ith $9,500 1st m tge., $93,000 2d m tge. a n d $1,000 000 deben­
$454,000; 1908, $544,695; 1909, $471,000.
tures, are ow ned b y R e a d in g C o., a ll except $3,200 sto c k a n d '$58,000 2d
, P I V * ‘—
1901* 1902> 1903- 1904. 1905. 1906. 1907. 1908. 1909.
m tge., bein g d eposited un d er Its general m tge.
Y e a r 1907-08, gross. J319 1st p r e f . . . %
4
3
4
4
4
4
4
4
4
174; net, $96,312; charges a n d Im p ’ts, $153,293.— (V . 78, p. 1908.)
2d p re f---- %
0
0
1H
4
4
4
4
4
4
C o m m o n .. %
0
0
0
0
3H
4
4
4
4
4
R E A D IN G
C O M P A N Y -P H IL A D E L P H IA
&
R E A D IN G
R Y .— (See
declared p a y a b le Se p t. 10 1909 a n d 2 % M a r c h 10 1910.
M a p . ) — I he P h ila . & R e a d in g R y . operates in co nn e ctio n w ith the g>-eat
h„ „
H ^ ; ~ T h c .,0 e Ver,al M ortgage 4s (a b stra c t V . 64. p. 612) are secured
a n th ra c ite coal properties of the P h ila d e lp h ia & R e a d in g C o al & Ir o n Co. In
the S c h u y lk ill region. P e n n sy lv a n ia , a sy ste m of roa d s ce nterin g a t P h ila ­ S i f . w . l K ? 6’ a 1 d P led? e of a11 Properties a n d securities em braced In th e re a ls0 a V other P ro p e rty a cq u ire d thereafter b y use of the
delphia, e x te n d in g to H a z le to n a n d W illia m sp o rt on the n orth , a n d w esterly
P°w >onds. T h e m tge. is a lso su bject o n ly to the b o n d s for w h ich rese rva ­
to H a rrisb u rg . S h ip p e n sb u r g a n d G e tty sb u r g In P e n n sy lv a n ia a n d W i l­
tio n Is m ade, based u p on properties or securities of a ll the lines of ra ilro a d
m in g to n , D e l., on the so uth; a lso easterly In N . J. to A tla n t ic C it y a n d Capo
, ° S J n i ,lu d ln l ‘ he P h l‘a - & R e a d in g R y . Co. proper. 365 m .; v a r io u s
C
M a y on A tla n t ic O cean, a n d to P o r t R e a d in g on N . Y . ha rb o r, viz.:
leasehold lines, 635 m .; a ll the p ro p e rty of the C o al & Ir o n C o ., or the
L in es owned in fee .
M ile s 1 Leased lines— (Con.)
M ile s .
securities thereof; eq u ip m e n t v a lu e d a t a b o u t $18,000,000, a lso m a rin e '
P h il, to M t . C a rb o n , & c., a n d
N o rrlst. & M a in L in e C o n n _
_
0.7
equ ipm en t.
A lso a first Hen upon a m a jo rity of the stock of v a rio u s c o m ­
bran ches
129.28 N o rth P e n n sy lv a n ia R R . * ____ 86.5
pan ies o w n in g 453 m . of railroad , a n d a lso on v a rio u s b o n d s— list In V 64
L e b a n o n V a lle y b ra n c h ..........59.26
D elaw are & B o u n d B . R R , * . .
33.8
p. 613. 709. O f the $135,000,000 4s of 1897, $51,015,000 were In J u ly 1909
L e b a n o n & T rc m o n t b r a n c h .. 51.76 S c h u y lk ill & L e h ig h R R . * ____ 46.9
reserved to take u p u n d istu rb e d b on d s a n d $3,500,000 for co n stru c tio n
M a h a n o y & S h a m o k ln b ra n c h . 59.86 P h ila . H a r . & P it t s. R R . * ____ 47.7
equ ipm en t, & c.. a t not over $1,500,000 per a n n u m ; of the Issue, $4.454 000
S c h u y lk ill & S u sq . b ra n c h ____53.37
W ilm in g to n & N o rth . R R , * . .
89.0
ha d been canceled b y the sin k in g fu n d a n d $1,766,000 of the b o n d s issu ed
W e s t R e a d in g b ra n c h ________
i.8 6 P h ila . & R e a d in g T e rm . R R . .
1.3
h a d not been sold.
V . 77. p. 2099; V . 83, p. 272; V . 84 d . 221
ls su ea
R e a d in g B e lt R R ...................
7.4
, In ? T
.OTel? Z nt n o r t o w e e % b 0IJd « of 1873 d ue O c t. 1 1897 were extended
T o ta l (2 tracks, 183 m ile s ) .352.13 N e w Y o r k S h o r t L in o ________
9.4
a t 4 /o for 50 years from A p r il 1 1897, p a ya b le In U , S . go ld , a n d gu a ran te e d
L in es leased— (See each C o .).
P h ila d e lp h ia & F r a n k fo r d R R *
2 .7
prin cip a l a n d Interest b y the R e a d in g Co. V . 64, p. 470- V . 65 p 516
C o lebroo kd ale R R .................. 12.8
E a s t P e n n sy lv a n ia R R * ........
35.4
1 0 4 7 nS % i ^ 8 r . A r nH,67i?’0o2
pa
? Is0 t e n d e d a t 4 % till M c h . 1
T o t. leased (2d tra c k 322.2) 644.8
A lle n to w n R R . * _____________
4.5
i 937,’ tb® R e f d *ng# ^ ° ' a n d 4he ,9 oa * ^ron Co. b e co m in g respon sib le .
.
E n tire stock ow ned—
See V . 65. p. 870, for co ntract. V . 65, p. 15 2 870
L ittle S c h u y lk ill N a v . & R R . *
31.5 C h ester & D e la w a re R R ..........
3.1
T erm inal mortgage bonds, see V . 64, p. 85, a n d V . 60 p 732
M in e H ill & S c h u y . H a v e n * . .
39.1 R u p e rt & B lo o m s b u r g ......... .
1.6
„ „ R °r ten -year sin kin g fu n d loan see J an . 1895 “S u d d .” T h e b o n d s were in
N o w Y o r k S h o rt L in e .............
9.4 M ld d lc t n & H u m m e ls t ’n R R .
6.3
1902 extended to Feb. 1 1932 a t 4 % . p. < 1 . being: gu a r, b y the R e a d in g C o »
&
M t . C a rb o n & P t. C a rb o n R R . *
2.5 l a m a q u a H a z le to n & N . R R .
0.9
fu n d reduced to $30,000 y e a r ly
V . 72. p. 242- V 74 d 206 '
M ill Creek & M in e H . R R . * . .
3.8
Controlled—
S c h u y lk ill V a lle y N a v . & R R . *
11.0 Ce ntral R R . of N e w J e rse y _
A J hL P^ Ladelph! a s ? b™a V L 0™ of 1894-98 is p a ya b le a fte r 10 y e a r s fro m
t
_ 648.2
d
b
In tere st,
E a s t M a h a n o y R R . * ...............
10.9 R e a d in g & C o lu m b ia R R . * . . .
39.6 ^ ate In n20 a n n u a l In stallm e n ts, to secure w hich $500,000, e e a rin g n th ly ln b e e
deposited, a n d $100,000 y e a rly Is b ein g set a sid In m o
S h a m o k ln S u n b u ry & L . R R * 31.3 L e b a n o n & other b r a n c h e s ...
13.7 s W t o e r it s See V . 58, p. 1110; V . 62, p. 950; V . 63, p. 881; V . 71. p. 7 5 8 .
P h ila . G e rm an . & N o r. R R . . *
29 9 « ead. M a r ie tta & H a n . R R . .
5.9
T h e P h ila d e lp h ia S u b w a y 3 H s of 1907 are Issu a b le from tim e to tim e u p t o
C h e stn u t H ill R R . * ...............
4.0 N o r th L a s t Pen n , r r . * .......... 25.5
a tota l of $3,100,000 to re im b u rse the c o m p a n y for in sta llm e n ts of on e -h a lf
C a ta w lss a R R . * .................... 102.8
& Chester V a lle y R R . * .
23.9
Norristown Juno. RR _________* 0.4 A tla n tic C it y R R . & b ran ches* 166.5 °f th ® c it y lo an a n d Interest a s p aid , a v e ra g in g $178,000 y e a rly u n til the
end of 1922. V . 81, p. 1437; V . 82, p. 281; V . 84, p. 571; V . 85. p. 731.




R A IL R O A D S
M ile s
D a te
of
of
R oad B on d s

F o r exp la n a tion o f colu m n headings, & c, see notes
on first page o f tables
R e a d i n g C o m p a n y — ( Concluded) — O l d P h i l a & R e a d i n

D e la w a re R iv e r T e r m in a l p u rch m o n e y M go ld _c*
D e la w a re R iv e r T e rm e x t p u rch m o n e y M g o ld
c*
z F lr s t M e x t in 1860 P h ila to P o ttsv IU e $ & £_ _ c& r
z M o r t g a g e lo an s ol 1844. 1848 a n d 1849........... c & r
z M o r t g a g e lo an ol 1857 co n v e rtib le .... ................... c
z M o rt g a g e lo an o l 1868 gold extended In 1 8 9 3 .. c & r
z C o n so l m o rtg a ge (58,162,000 are go ld 6 s ) . . F P , c & r
z lm p M g o ld ex t In ’97 (See V 65, p 870) g . P e P . c & r
z C o n so l m o rtg a ge 5s ext In 1897 ( V 65, p 2 7 8 ) . . c & r
z T c rm tn a l m o rtg a ge go ld (See V 64, p 8 5 )........c* & r
z P h ila d e lp h la C it y S u b w a y L o a n g u a r 53.000,000. .
zP h ilad elp h ia & R e a d in g C oal &

Z

RR

94
94
148
254
325
327

...

Iron—

z C o l s f go ld lo an ( R R ) g u a r p & I extended I n i 902
R e n s s e l a e r & S a r a t o g a — S t o c k 8 % g u a r D & H (end)
F ir s t m o rtg age . In terest r e n t a l.........................c * & r
R i c h m o n d F r e d e r i c k s b u r g & P o t o m a c — C o m s t o c k ____

D iv id e n d o b lig a tio n s (sam e d lv a s c o m m o n s t o c k ) . .
S t o c k g u a r 7 % excep t 510.300 g u a r 6 % .................
C o n so lid a te d m d rtga ge 5500,000 g o ld ______ C e .c * & r
G e n e ra l m o rtg a ge 54,000,000.................................
R i c h & A l e c k — F ir s t M 5315,000 g o ld ( V 69, p 3 9 1 ) . _c
R i c h m o n d & P e t e r s b u r g — See A tla n t ic C o a s t L in e R R
R i c h - W a s h C o — C o ll tru st g o ld g u a r red 1 0 5 . . N , c * & r

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V alue

A m ou n t
O utstanding

R ate
%

— B on ds Under lyin g Genera l M ortga g
1892
5500,000
51,000
5 g
1892
1,000
809,000
0 g
1843
1,512,700
6
5 & £
’4 4 -’49
1,000
954,000
6
1857
500 & c
79,000
4M
1868
1,000
2,696,000
5 g
1871
200 & c 18,811,000 6 g & 7
1873
9,363.000
4 g
1882
500 & c
5,766,500
4 g
1891
1,000
8,500,000
5 g
’94 -’98 .............
1,993,500 3 & 3 M
1892

192
79
.
82
31

1871

1890
1903
1898

1,000
100
1,000
100
100
100
1.000
V a r io u s
1,000

W hen
P a ya ble
s o / 1897.
M & N
&
J
J
&
J
J
&
J
J
J
&
J
A
& O
D
J &
& O
A
M &
S
Q— F

1,200,000
F
4 g
10,000,000
8
J
2,000,000
7
M
1,316,900 9 In 1909 J
1,794,325 9 In 1909 J
500,400 9 in 1909 M
500,000
4M g A
2,680,000
A
3M
315,000
M
4 g

1903 1,000 & c
9,500,000
4 g
100
2,000,000 5 In 1909
F ir s t m o rtg a ge g o ld gu a ra n te e d ............
Ce.c*
62 1889
1,000
2,000,000
5 g
R i o G r a n d e S o u t h e r n — F ir s t m tge go ld 52,277,000 gu
180 1890
1,000
4,510,000
4 g
R i o G r a n d e W e s t e r n — See D e n v e r & R io G ran d e
R o c h e s t e r & G e n c s s e e V a l — S t o c k 6 % ren tal E r ie R R
100
18
555,200
6
( T h e ) R o c k I s l a n d C o — C o m m o n sto c k 5 9 6,00 0,000 ..
100 89,998,800
P referred sto c k (see text) n o n -cu m 554,000,000____
100 49,325,500 See te x t
B o n d s — See C h ic R I & P a c R R , C h ic R I & P a c R y — S t L ou ls & S a n F r a n cisco R R , C hie & E
R o c k I s l a n d - F r l s c o T e rm — 1st M go ld g u a r J o in t ly . .c *
1907
1,000
3,000,000
5 g
R o m e & C l i n t o n — S to c k (re n tal gu a ra n te e d ).............
100
345,360
6H
5
R o m e W a te rto w n & O g d e n s b u r g — S t o c k g u a r ( e n d ) ..
100 10,000,000
F ir s t M W a te r & R , R o m e to C a p e V In s f n o t d r . c *
100 & c
6
97 1855
417,800

J

R i o G r a n d e J u n c t i o n — S t o c k ..............................................................

ead ln g

513,865,146 514,506,582 515,791,671
770,715
1,762,057
.514,635,861 516.268,639 515,791,671
.534,792,694 538,014,421 538,747,562
34,618,844 37,689,649 38,703,969

R e a d in g C o .— N e t in c o m e -----------------

5173,850
9,042,180

5324,772
5,495,144

543,593
7,355,051

523,851,891 524,088,555 523,190,315
15,282,645 15,184,497
15,893,129
1,120,000
1,120,000
1,120,000
D iv id e n d s o n 2d p re f. ( 4 % ) ...............
1,680,000
1,680,000
1,680,000
2,800,000
2,800,000
2,800,000
S u r p lu s fo r y e a r (all C o s .)------------- 82.969,246 53,304,058 52,697,096
T o t a l su rp lu s J u n e 30 1909, 528,796,720, from w hich were declared: D lv .
o n 1st pref. sto c k , p a y a b le Se p t. 1909 a n d M a r c h 1910, 81,120,000; on 2d
p ref., p a y a b le N o v . 1909 a n d M a y 1910, 51,680,000, a n d 2 % on com . stock,
p a id A u g . 1 1909. V . 89, p .7 8 2 .
O F F I C E R S . — P re s., G eorge F . Baer: V . - P . a n d Sec., W . R . T a y lo r;
T re as., H . E . P aisle y : C o m p tro lle r. G eorge Z ie gle r.
D ire c to rs.— Josep h S . H a r r is, George F . B a er, H e n r y C. F ric k , E . T .
S to te sb u ry , H e n ry A . D u P o n t. H e n r y P . M c K e a n , S a m u e l D ic k so n .
O s c a r G . M u r r a y a n d H . M c K . T w o m b le y . Office, R e a d in g T e rm . B ld g .,
P h ila d e lp h ia .— (V . 87, p. 746, 1421, 1601; V . 89, p. 42, 774, 782, 843.)
(S ee M a p D elaw are & H u d son .) —
Leased—
M ile s .
R oad ow ned—
M ite s .
T r o y to L a k e C h a m p la in _________ 79 A lb a n y to W a te rfo rd J u n c tio n ____ 12
F t . E d w a r d to C a ld w e ll............
15 Sc h e n e cta d y to S a r a t o g a ............... 22
V e rm o n t L in e to Ca stle ton , V t _____ 7
E a g le B rid g e , N . Y . , to R u tla n d ,
V t - ............................................ 62
L E A S E . — L e a se d In perp e tu ity M a y 1 1871 to T h e D e la w a re & H u d so n ,
w hich, D e c. 1908, ow ned 5800,000 of stock; rental, 8 % on the stock a n d
In te re st on b on d s. G u a r a n ty o n stock, V . 56, p. 773.
RENSSELAER

&

SARATOGA

R R .—

R I C H A I O N D F R E D E R I C K S B U R G & P O T O M A C R R . — O w n s from R ic h ­
m o n d , V a ., to Q u a n tico , 79 m iles; J am e s R iv e r b ra n ch , 3 m .; leases C o n ­
n ection R R . In R ic h m o n d , 1.21 m .; total, 83 m .: dou b le-tracked . T h e
d iv id e n d o b lig a tio n s c a rry no v o t in g power.
R ic h . & Petersb. Conn e ction
R R . sto c k of 5140,000 receives 8 % d iv id e n d s un d er lease. T h e R . F . & P .
R R . gu a ran teed stoc k Is secured b y m ortgage .
T h e R Ic h m o n d -W a sh In g t o n Co. (see below) In 1901 took over 5947,200
of the 51,316,900 com . stock, the ro a d b ein g operated a s part of “ u n io n ”
lin e b y R ic h . Fred. & P o to m a c officials. V . 74, p. 149.
D I V . o n s t k . J ’95. ’96. ’97. '98. ’99. 1900-04. ’05. ’06. *'07 . ’08. 1909.
& d lv . 0 b l l g % j
7
7 6M
7
7 8 y ’ly .
9
0
9
9
9
• A lso In J an . 1907 2 5 % In d iv id e n d o b ligatio n s.
V . 83, p. 1525.
B O N D S . — O f the gen. 3 M s of 1903 due A p r. 1943 (54,000,000 a u th o r­
ized ). 53,500,000 were Issu a b le for d o u b le -tra c k in g a n d Im p ro v e m e n ts (of
w h ic h 52,680,000, o u tsta n d in g, Is ow ned b y R lc h m o n d -W a sh ln g t o n Co. a n d
pled ged un d er Its m tge.: V . 81, p. 1178), the re m a in in g 5500.000 b ein g re­
served to retire the consol. 4 M s a t m a tu rity . See V . 77, p. 2388, 2391.
R E P O R T . — Y e a r en d in g Ju n e 30 1908 show ed: G ro ss, 52.003,114: net,
5525,310; charges, 8120,954; d iv id e n d s, 5325,044; b a l., su r., 879,312. In
1906-07, gross, 51.921,805; net, 8628,694.
Pres., W m . H . W h ite , R ic h ­
m o n d , V a . — (V . 83, p. 1525; V . 84. p. 1183.)
R I C H M O N D & P E T E R S B U R G R R . — See A tla n t ic C o a st L in e R R . Co.
R IC H M O N D -W A S H IN G T O N
C O M P A N Y . — C o n tro ls a " u n io n ’' line,
W a s h in g t o n , D . C ., to R ic h m o n d , V a ., 115 m iles. In the Joint Interest of the
fo llo w in g road s, viz., the P e n n sy lv a n ia R R . , B a ltim o re & O h io R R . , A tla n ■ tic C o a st L in e C o ., Sou th e rn R y . , Se a b o a rd A ir L in e R y . a n d C hesapeake &
• O h io R y ., each of w hich ow n s on e-six th of the 52,670,000 c a p ita l stock.
D lv s . In 1902, 3 % : 1903 to 1905, ln cl., 4 % y ’ly: 1906 a n d ’07, n o n e ;'0 8 , 4 % .
■
In c o rp o ra te d on Se p t. 5 1901 a n d acqu ired 5947,200 of the v o t in g ca p ita l
sto c k of the R ic h m o n d F re d e ric ksb u rg & P o to m a c R R . a n d the entire sto c k
of the W a sh in g t o n So u th e rn R y . , ex te n d in g from the so u th end of L o n g
rl dge, across t he P o to m a c R iv e r , to Q u a n tico , 36 m iles.
T h e collateral tru st 4s of 1903 (511,000,000 au tho rized Issue) are g u a r a n ­
teed, Join tly a n d se verally, prln. a n d Interest, b y the six road s nam ed
above: of the bon d s, 59,500,000 (Ser. A to D ) ha v e been so ld for d ou b le­




G u ara n te e T r u s t C o , P h il
do
do
P h ila d e lp h ia a n d L o n d o n
R e a d in g T e r m B ld g , P h il
do
do
do
do
do
and London
R e a d in g T e r m B ld g , P h il
do
do
P r o v L ife & T r u s t, P h ila
C it y T r e a su r y

A R e a d in g T e r m B ld g , P h il
J D el & H u d so n Co, N Y
do
do
N
J R ic h m o n d , V a
J
do
N
do
O N Y , P h ila or R ic h m o n d
O R ic h m o n d
N J P M o rgan & Co

&
&
&
&
&
&
&
&
&

& D
Y e a r ly
& D
&
J

B on d s— P r in c i­
pal W hen D u e
Stocks— Last
D ivid en d
M a y 20 1042
J u ly 1 1942
J u ly 1 1910
J u ly 1 1910
J u ly 1 1910
O c t 1 1933
Ju n e 1 1911
A p r 1 1947
M c h 1 1937
M a y 1 1941
T o 1921
Feb
J u ly
May
J u ly
J u ly
M ay
Apr
Apr
"

1 1932
1 1909 4 %
1 1921
1 ’09 4 M %
1 ’09 4 M %
1909 4
1 1940
11943
1 1948

N e w Y o r k T r u s t Co, N Y .
J M a itla n d , C o p p e ll & C o l
\ 52 W illia m S t , N Y / D e c 1 1 9 3 9
M a lt l'd , C o p p e ll & C o , N Y .

&
J E r ie R R C o , N e w Y o r k ,
C h e cks m aile d
Nov
do
F
Q— :
&o
Illinois
J
&
J N e w Y o r k or S t L o u i s ,
J
&
J B y check, C lin to n , N Y J u ly
G r a n d C e n t S t a t io n , N Y N o v
(3 — :
F
Sept
do
do
M &
S

J

1 1905 1 %
1 1927
1909 3 M %
15 ’09, 1 H
1 1910

C o an d R e a d in g C o a l & Ir o n C o sh a l 1 be respo n slb le fo r a ll old b o n d s m

T h e J e r s ey Central collateral trust b o n d s (523,000,000 present Issue) are
se cured b y d eposit of 514,504,000 Ce nt. R R . of N . J . (cost 523,200,000) of
the 527,431,800 sto c k o u tsta n d in g , 51,495,000 P e rk lo m e n sto c k a n d 5440,­
000 P o r t R e a d in g R R . sto c k , the re m ain d e r of the 545,000.000 au tho rized
b e in g reserved to a cqu ire the m in o r it y sto c k of the C e n tra l Co. T h e y are
su b je ct to call (since A p r. 1906) on a n y Interest d a y a t 105 a n d Interest, on
60 d a y s ’ notice. See a b stra c t of m tge .. V . 72, p. 487; V . 73, p. 847.
I n M a y 1907 a n eq u ip m e n t lease w a s filed co v e rin g 55,000,000 4 H % certf
V . 84, p. 1308.
R e a l estate m o rtg a ge s a n d gr o u n d ren ts, R e a d in g C o.,
81.232,539: P h ila . & R e a d in g R y . , 5243,105.
L A T E S T E A R N I N G S . — F r o m J u ly 1 to A u g . 31 (2 m os.) r e su lts were:
-------P . & R . R y .---------------- Coal & Ir o n ------- Read. C o.
A ll C o s.
2 m os. to
C ross.
N et.
C ross.
N et.
N et.
total net.
A u g . 31.
5
5
5
5
5
5
1909
6,602,863
2,298,640 3,377,25 9d f.l5 6,16 6
293,367 2,435,841
1 9 0 8 . . . 5,930,375 2,236,284 4,076,794 sr.29,036
250,951 2,516,277
C h a r g e s , a ll co m p a n ies, 2 m os. 1909, 51,760,000: b al., su r., 5675,841
do
do
do
1908,
1,747,083; b al., su r.,
769,188
A N N U A L R E P O R T . — R e p o r t fo r 1908-09 w a s g iv e n a t le n gth in V . 89,
p. 774, 782, 843. See a lso e d ito rial, p. 754.
O w in g to c h a n ge s In classification , c o m p a riso n s w ith 1906-07 are In a c c u ­
ra te .
1907-08.
1906-07.
1908-09.
Y ea rs ending J u n e 30—
.539,496,546 540,902,538 543,528,936
25,631,400 26,395,956 27,737,265
O t h e r In co m e (n e t).

J
J

W here P a y a b le, and by
W hom

tra c k in g a n d Im p ro v e m e n ts. V . 77, p. 629, 695; V . 78, p. 584, 1393; V . 84,
p. 932. T h is co llateral co nsists of 52,680,000 R ic h m o n d F re d . & P o to m a c
gen. 3 M s , 5947,200 co m m o n a n d 8236.800 d iv id e n d o b lig a tio n s an d 53,880,­
000 W a sh in g to n So u th e rn 1st 4s a n d 53,880,000 sto c k (b e in g entire Issues
of latter). See form of g u a r a n ty . V . 77, p. 2391; V . 81, p. 1178. Cal.
ye a r 1908, ln t. on In v e stm e n ts a n d d eposits, 5267,914: ln t., tax es, & o..
5386,846; b a l., dof., 5118.932. D lv . ( 4 % ) . 5106.800, p a id fro m profit
a n d loss.— (V . 84, p. 932.)
R I O G R A N D E J U N C T I O N R Y — O w n s ro a d R ifle Creek. C o l., t o a co n ­
nection w ith the D e n v e r & R io G ra n d e a t G ran d e Jet.. 62 m iles. T h is Is a
co nn e ctin g lin k In the sta n d a rd -g a u g e route between O g d e n a n d D e n v e r
a n d C o lora d o S p rin gs.
Le a se d b y C o lo ra d o M id la n d R ailw ay a n d D e n v e r &
R io G ran d e a t 3 0 % of gross e arn in gs, w h ich co m p a n ies Jointly a n d se ve rally
gu aran teed the b o n d s, p rin cip a l a n d Interest. O f the sto c k the D e n v e r &
R io G ran d e ow ned 51,221,150 on J u n o 30 1909. F ir st d iv id e n d , 1898,
80 cts.; 1899, 51 20; 1900, 51 96; 1901, 83 75; 1902, 54; 1903, 53 90: 1904,
54 25; 1905, 53 75; 1906, 54 25; 1907, 55; 1008, 55: 1909, 55.
Y e a r 1907-08,
gross, 5708,735; ren tal, 5239,621.— (V . 78, p. 2385.)
R IO G R A N D E S IE R R A M A D R E & P A C . R R .—

See M e x ic o N . W . R y .

M a p D en ver & R io G ra n d e.)—
O w n s n a rrow -gau ge ro a d R ld g o w a y , C o l., so u th e rly to D u r a n g o , 162 m iles,
a n d branches, 18 m . S to c k , 54,510,000; Ju n e 30 '09 53,579,737, o w n e d b y
D e n . & R io G r. See V . 63, p. 404. M tg e . a b tsra ct, V . 54, p. 163, a n d a p ­
plication to N . Y . S t o c k E x c h a n g e In V . 54, p. 446. O f the b o n d s, 52,277,
000 are gu a ran teed b y D . & R . G.; V . 70, p. 791. See g u a r a n t y . V .7 0 , p.1295.
F o r y e a r e n d in g Ju n e 30 1909, gro ss, 5576,152; net a fte r tax es, 5168,105;
o th e r In com e, 511,795; In tere st, re n tals, &c., 5202,929; deficit fo r y ea r,
523,029.
I n 1907-08, gro ss, 5605,753; n et, 5202,970.— (V . 89, p. 412.)
R IO

ORANDE

SOUTHERN

R R . — (S ee

See D e n v e r & R io G ra n d e R R .
A v o n to R ochester. N Y .
18 m . L eased 1871 In perp. to E r ie R y . R e n ta l, 534,012.— (V . 79, p. 2458.)
( T H E ) R O C K I S L A N D C O .— (.See M a p s , pages 118, 119.)— In co rp o ra te d
In N e w Jersey on J u ly 30 1902 a n d a cqu ired , per plan V . 75, p 240, entire
sto c k (5145,000,000) of the C h ic a g o R o c k Is la n d & P ac. Railroad (new co m ­
pa n y) , w hose bon d s, together w ith the sto c k s of T h e R o c k Is la n d C o ., were
Issued In exchan ge for (1) 570,270,690 of the 574,859,600 sto c k of C h ic. R . I .
& P ac. R ailw ay— w h ic h sec— a n d (2) per p lan (V . 76, p. 1408, 1406), for
528,940,300 of the 529,000,000 S t . L o u is & S a n F ra n cisco c o m m o n sto c k .
I n A u g . 1907 the C h ic . R . I. & P a c . R y . so ld m a jo rity h o ld in gs In C h ic a go
& A lto n sto c k to T o le d o S t. L o u is & W e ste rn . V . 85, p. 470.
R O A D . — A s clearly sh ow n on a c c o m p a n y in g m ap s, In clu d ed Ju n e 30 '09:
'F R I S C O L I N E S .
M ile s op er.
R O C K IS L . L IN E S .
M ile s o p er.
Ch ic. R o c k Is l. & P a c ific .......... 7.414 S t. L o u is & S a n F r a n c isc o ........4,739
Ch ic. P.. I . & E l P a s o ............... 112 F t. W o r t h & R io G r a n d e .......... 196
Ch ic. R o c k Is la n d & G u lf ........ - 523 S t . L o u is S a n F r. & T e x., & c . . 320
C h ic a g o & E a ste rn Illi n o is _____ 965
T o ta l R o c k I s la n d ___________a8,048 E v a n s v ille & Terre H a u t e _____ 310
R IO

GRANDE

W ESTERN

R R .—

ROCH ESTER & GENESSEE V A L L E Y R R .—

T o ta l 'F r is c o ...................— 6,530
a In c lu d e s leased lin es a n d track age, 962 m iles.
S T O C K . — C o m m o n sto c k a u th o riz e d , 896,000,000; preferred, 854,000,­
000. T h e stoc k of the controlled co m pan ies Issu e d a n d a cq u ire d , a n d
a m o u n ts of T h e R o c k Is la n d Co. sto c k Issu e d therefor, follow : V . 76, p.1408.
Total
Total
— R ock Is l. C o . issu es—
J u n e 30 1909—
issued.
acquired.
C om m on.
P referred .
C h R I & P ac. R y ___ 574.859,600 570,386,700 570,386,700 549,270,690
S t . L . & S. F . com . stock 29,000,000 28,940,300 19,534,700
.............
T h e preferred sto c k Is preferred as to ca p ita l a n d a lso a s to n on -cu m u latlv e d iv id e n d s a t the rate of 4 % y e a rly for 1903 a n d thereafter to a n d In ­
c lu d in g 1909, then 5 % for 1910 a n d thereafter to 1916, In clu siv e , a n d there­
a fter 6 % . T h e preferred stockhold ers are en titled to elect a m a jo rity of the
directors. T h e au th o riz ed a m o u n t can o n ly be Increased w ith the co nsen t
of tw o -th ird s of each class.
D I V I D E N D S . — D iv id e n d s on pref., F eb . 1903 to N o v . 1905, b o th ln c l.,
1 % q u ar. (Q .-F .): none since to O c t. 1909. See V . 81, p. 1793: V . 82, p.
49: V . 87. p. 1480.
B O N D S . — 'A s to T h e C h ic a g o R o c k Is la n d & P acific R ailw ay r e fu n d in g
m tge , of 1904, see t h a t C o . a n d V . 78, p. 228, 234; V . 79, p. 1716, 2206.
S T A T E M E N T a s to se curities, r ig h ts of shareholders, & c., V . 75, p. 1157.
\
u n ic a g o
is
E A R N I N G S . — F o r re su lts o i ope ration s oi T h e C h ica go R o c k Is la n d &
of
of m
P acific R y . a n d Its leased a n d a u x ilia r y lin es (fo rm in g the “ R o c k Is la n d.
lie
"
")
L in e s ") a n d of the S t . L o u is & S a n F ra n cisco lines (’F risco L in e s), see
3 companies In —
C _ ----- & E a ------------------------ E v r
those co m p a n ies l - th is Section ; a,lso . h ic a go-------- ste rn Illin o is a n d -— a n s ----- .
v llle & Terre H a u te .
T h e repo rts of the co m pan ies n a m e d were g iv e n In
the "C h r o n ic le ” O c t. 30 1909.
T h e co m b in ed In com e a ccou n t of T h e R o c k Is la n d Co. a n d the C h ic a g o
R o c k Isla n d & P a cific R ailroad for the ye a r en d in g J u n o 30 1909 (see report
I d “ C h ro n ic le ’’ o n o r abou,t O c t. 30) Is a s follow s:
1908-09.
1907-08.
1906-07.
D lv s . o n C . R . I . & P - R y - sto c k owned53,690,372 53,681,835 53,850,858
O th e r In c o m e ________________________
21,731
32,296
21,560
T o t a l in c o m e ...... ..................... .......53,712,103
E x p e n se s a n d t a x e s ---------------------------519,928
ln t . on C. It. I . & P . R R - b o n d s -------- 3,699,894

53,714,131
831,235
3,673,645

53,872,418
548,152
3,668,977

B a la n c e , su rp lu s, fo r y e a r --------------512,209
59,250
8155,289
O F F I C E R S . — C h a ir m a n o f B o a r d , I). F . Y o a k u m ; Pres., R Ic h a r d | A .
Jackson; V lc e -P re s., Sec. a n d T re a s., Geo. T . B o g g s .
D ire cto rs.— B . F . Y o a k u m . W m . H . M oore , D . G . R e id , F . L . H ln e , Geo.
G . M c M u r t r y , Jam e s Sp e yer, D . G . B o lsse v a ln , O gde n M ills, R o b e rt
M a th e r, N e w Y o r k ; R . It. Cab le , J am es H . M oore, a n d J o h n J. M itc h e ll,
C h icago : J am es C a m p b e ll, S t . L o u is: Geo. T . B o g g s, N e w Y o rk : J o h n F.
T h o m p s o n , S u m m it , N . J.
N . Y . office, 115 B w a y .— (V . 88, p. 946.)

RAILWAY STOCKS AND BONDS
OCT.. L909.I









R A IL R O A D S
F o r explan ation o f colu m n headings, & c, see notes
on first page o f tables
O sw e go B rid g e C o tlrst m o rtg a g e .

Of
R oad
c

A ll

17
1
IS
7
28
15C
150
R u m fo r d F a lls & R L — S t o c k $300,000
_
_
R u m fo r d F a lls & R L llrst m tge g o ld s
27
_
M o rtg a g e , red ee m able_
38
---— — ---- ~---- ■ /u
w im u u u occ tcA i; .
397
L lrs t co nsol m o rtg a ge for $3,500,000 g o Id _ . U s .c * & ;
120
O g d & L C h 1st M $4,400,000 g o ld a s s u m e d ._ C e .c ’
127
R u t - C a n first M go ld a ssu m ed $ 1 ,3 5 0 ,0 0 0 .-- O B .C "
43 y
50
50
58
_
E q u ip m e n t tru sts go ld m a t u r in g $33,000 y e a r ly _
_
_
R u t l a n d & W h i t e h a l l R R — S t o c k ( n o b o n d s ) ____________
S t C l a i r M a d i s o n & S t L o u i s B e l t — See M iss o u r i & 1111
S a g T u s c o l a & H u r o n — 1st M g g u a r p & 1 (end) . . N , c
S t J o h n s b & L a k e C h a m p . - l s t M ($1,328,000 gu) g . c
S t J o h n s R i v e r T e r m i n a l — F ir s t m o r tg a g e _________ N
S t J o s & G r a n d Is l Ry-— 1st M $5,000,000 g . - C c . c ’ & r
S t L a w r & A d i r o n d a c k R y — 1st M $800,000 g o l d N .c*

D a te
of
B on d s

S iz e, or
Par
V a lu e

1874
1885
1885
1886
1888
’65-'91

$1,000

1,000
1,000
100
1,000
100
500 & c
500 & c
100
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000

1890
1897
1903
_
1891
1898
1890
1897
1000
1001
1001
1002

7
uols B rid ge
66 1000
131 1894
1902
251 1807
43 1896
Se c o n d m o rtg a ge $400,000 g o ld .... ..................... N
43 1896
S t L o u i s B r & M e x — 1st M $4,000,000 r e d p a r . S S t . c *
400 1004
N o te s $3,000,000 a u th o riz e d _______________ . s s t
S t L o u i s & C a i r o — See M o b ile & O h io
S t L o u i s B r i d g e — See T e rm in a l R a ilr o a d A sso cia tio n of S t
L o u is
S t L o u i s E l R e n o & W — 1st M $817,000 g red
(text)
42 1906
S t L o u i s M e r c h a n t s ’ B r T e r m — 1st M gu p & I g . S S t . c
1890
M e rc h B rid g e 1st M red since F e b 1 1000 a t 110 S S t
1889
S t L o u i s R o c k y A l t & P a cific— 1st M go ld s f . M p . c * & r
1905
Secured co upon g o ld notes due p a rt y e a rly red B a
__ 1909
S t L o u i s & S t L i b o r y — 1st M $600,000 g o ld red te x t s f
...
1909

&

100
B e lt
1,000
1,000
1,000
1,000
1,000
1,000

1,000
500 & c
1,000
1,000 &c
1,000
1,000

I N T E R E S T OR D I V I D E N D S
A m oun t

R ate
%
5 & 3H
6
6
l
5 g
5 g
5g & 7
7
4 g
2
5 g
4
See text
4X g
4 g
4 g
4h g
5 g
4 g
4h g
4h g
4
6
4
5
4
4
5
6
5
5

g
g
g
g
g
g

4M
6 g
6
5 g
6 g
6 g

W hen
P a y a b le

A
& o G r a n d C e n t S ta tio n , N Y
F
& A
do
do
F
& A
do
do
A
& 0
do
do
M & N
do
do
V a r io u s
M &
S
do
do
J
&
J
do
do
P o r tla n d , M e
Q—
A
& o O ld C o lo n y T r Co, B o sto n
M & N P o r tla n d , M e
& J G r a n d C e n t S t a t io n , N Y
-J
J
&
J
do
do
J
&
.1
do
do
J
&
J C it y T r u s t Co, B o sto n
M & N G r a n d Ce nt S t a t io n , N Y
M &
S
do
do
J
&
J
do
do
M & N
do
do
A & O
do
do
J
&
J
do
do
Q-- F 15 U n ite d N a t B a n k , T r o y
F
M
J
j
j
A
M
M

& A
&
S
&
J
&
J
&
J
<c O
S
Sc N
Sc N

J
A
F
J
A
r

&
Sc
&
&
&
&

R onds— P r in c i­
pa l, W hen D u e
Stocks— Last
D ivid en d

W here P a y a b le, and by
W hom

J u ly
Feb
Feb
Apr
M ay

T P M o r g a n & Co, N Y
C o m p a n y ’s office, B o sto n
New Y o rk
,
C e n tra l T r u s t C o , N Y .
N e w Y o r k T r u s t Co, N Y .
T r u s t C o of A m c r. N Y
S t L o u is U n io n T r u s t Co
do
do

J N Y & E a s t S t L o u is, 1 1
1
O Farm L & T r C o .N Y ; & S tL
A [•'armors L & T r Co. N Y 1
J F is k & R o b in s o n . N Y .
O
do
do
J U llIn o is T r Co, E S t L o u is ,

1
1
1
1
1

1022
1015
1015
1016

10 18

1 1037

1 1020
1 1051
1 1010-16

1031
1044
1052
1047
1006
1006
1010
1010

1 1030
1 ’10-’12
1 1034

. . i d . i!, .
, . ' , , l u M i i i i i n i , i\ ■ .< r u iiu s iie s m e an, i.ou is
—
n F '^ ^ ? H SO TH B
SOU
ERN R
.—
ns Sou th B n
a n d E a s t S t. L o u is te rm in a ls of the R o c k Is la n d 'a n d S t . L o u is & S a n F r a n ­ T d . , to S t .E Josep h, UM ic h ., E N D .& S to c kT H$500,000RcomO w n d $250,000e 5 d .
In
39 m
,
. a
%
cisco sy ste m s, a n d the new fre igh t sta tio n a n d y a r d s In S t . L o u is, the C h ic.
pref.
L e a se d to In d . 111. & Io w a R R . (now Ch ic. In d . & S o u th e rn ) fo r 50
R . I. & P a c., S t. L o u is & S a n F ra n , a n d C h ic. & E . 111. c o n tr ib u tin g pro23 1000, tb e M ic h ig a n C e n tra l a ssu m in g o pe ration on F eb .
or)ate c o u n t s eq u a l to o p e ra tin g expenses, tax es a n d llxed charges.
liL 1
)00!5 5 'r p.cL ? n n u !n, ? i pre[,' a m l 2 % on c o m - are P al<l M c h . 15 a n d
*:
W ill a lso co n stru c t a b o u t 30 m iles of road .
In c o rp o ra te d A p r il 9 1906*
Se p t. lo .
I n 1005 a n d 1907 a n d M c h . a n d Sep t. 1900 pa id y2 % ex tra on
V . 84, p. 020.
A u th . stk ., $5,000,000; o u tsta n d in g , $500,000. ' T h e b o n d s
co m m o n .
N o b o n d s.— (V . 85. . 531- V . 80. p . 594.)
(see a bove) are Jointly g u a ran te e d b y en d orsem e n t b y the C h ic R I &
P a c . a n d S t- L o u is & S a n F ra n . C o .
M erc. T r u s t Co. of S t. L o u is Is trustee;
n J * T - U A Y V R E N C E & A D I R O N D A C K R Y .— (See Maps AT. Y. C. & H. R.
V . 84, p. 571, 740. P res., H . U . M u d g e , C h ic a g o .— (V . 84, p. 74 0 .)
?-?»ti7IoYr0nilr ^ v °Ae ’ i ^ i r Y n (on M oha,w k & M a lo n e ) to A d ir o n d a c k Jet.,
43 m iles. N Y C
& H . R . R R . ow n s entire stock.
R O M E & C L I N T O N R R . — O w n s ro a d fro m R o m e to C lin to n , N . Y . 13
S to c k , $1,615,000; p a r of shares, $100. D iv id e n d s . 1901
io n ?
m iles. O rg a n iz e d In I8 6 0 .
L e a se d In p e rp e tu ity in 1801 to D e la w a re &
H u d s o n C a n a l (now D . & H .) Co. a n d oper. o y N . Y . O n ta rio & W e ste rn
,1
,905’ ^ A ^
and 1907. 5% :1 008 : Dec 31. 4% '
I iN ? S ‘T " 12 P),03’ J 1 0 0 8 -0 0 ........ G ross, $535,467; net, $200,596
R O M E W A T E R T O W N & O G D E N S B U R G R R . — (S ee M a p N . Y . C entral
Tn'VaiYrt n-rt0 J u n c , ? ? : „ 11007-08-------- G ross, 507,700; net,
263,208
& I lu d . R iv . R R .)— O w n s fro m near N ia g a r a F a lls to M a sse n a S p r in g s . N .
■ m 1^. 1908-07, gross, $307,380; net, $165,207; other Incom e, $1,442; charges,
Y . ( 301 m iles, less 27 m ., R ic h la n d to E a s t O sw ego , leased from the O sw ego
$79,167; d lv . ( 5 % ) . $80,750: b a l.. su r.. $6,732.— (V . 87. p .1 6 0 5 .)
& R o m e R R . , an d Su sp e n sio n B r id g e to L e w isto n Jet., 0 m .; a n d tra ck a g e to
B R O W N S V I L L E & M E X I C O R Y . — O w n s B ro w n sv ille . T e x . .
Su sp e n sio n B rid ge , 2 m .; R ic h la n d to R o m e , 41 m .; bran ches to C a p e V i n ­
cent, O g d e n sb u rg , P u la s k i, F u lto n , & c.. 110 m .; to ta l ow ned, 414 m iles
vP.fAfn
b°u n c a r Y *ln e - n o rth e rly
to A lg o a , 344 m .; tra ck a g e to G a lLeases U tic a & B la c k R iv e r R R . ($1,120,000 of $2,223,000 sto c k ow n e d)in CH 45 ,a / : b !;a n ? b fro,ll H a r lin g e n to S a m F ord y ce , 55 m .,w a s
r Ane
U tic a to O g d e n sb u rg, a n d C la y t o n b ra n ch , 150 m .; O sw e go & R o m e R R
’ ?F,o rd ln ff’ vlT ^ a t - H R - of M e x ., a th ro u gh line to
a
($202,200 of $214,000 sto c k ow n e d), 27 m ., a n d N ia g a r a F a lls B r a n c h R R ' fFnm
1a 1? ’n 4‘.
In
1000 co n tra ct w a s let for b ra n c h
0 m iles; C a rth a g e W a te rto w n & S a c k e tts H a r b o r , 20 m .; tota l, 620 m iles.
TfB ,0,o m ln ? »n ,t,° p °r t O ’C o n n o r, T e x ., on the G u lf of M e x ico . 39 m iles.
See V . 77, p. 350; V . 79, p. 1024; V . 80, p. 652; V . 82, p. 093. O w n s oneL E A S E . — I n 1801 leased d u r in g co rporate existence a n d renew als to N . Y .
fo u rth In tere st In H o u s to n B e lt & T e r m in a l R y .
T . I I . W e s t, S. F . F o r
w blch assu m e s the d e b t a n d g u a r. 5 % on stock; g u a r a n ty , see V .5 2 .
p. 463.
U tica & B lack R iver ls le a s e d In p e rp e tu ity .— (V . 72, p. 1238.)
own6 ’c o n t r o l^ 3 W b B a l£er> R - S . B r o o k in g s , B . F . Y o a k u m a n d a sso cia te s
R R i — (S ee M a p s N . Y . C . & H . R . R R .)— 468 m iles, viz.:
S t o c k au th o riz ed , $3,850,000; o u t s t a n d in g Ju n e 30 1008, $1,221 500
R R . L in es Owned—
M ile s .
L eased , & c .—
M ile s
B o n d s are Issu a b le a t $7,500 per m ile; V . 80, p. 1236; V . 82, p 500
Of
B e llo w ’s F a lls, V t ., to O g d e n sL in e s to T lc o n d e ro ga , & c ........... 18
the 5 % notes ($3,000,000 au th o riz ed Issu e ), $1,400,000 w a s reserved for
b u rg, N . Y ----- ...— ----------------- 283 T r a c k a g e (for p a ss, tra in s on ly)
June0 3 0 ^ 00 ? ° ^
a n d bll,f p a y a b le , In’ d in g ^ a b o v e n otes!
clu
R u t la n d , V t ., to C h a th a m , N . Y .1 1 4
to M o n tre a l V
y 53
Ju n e 30 1908, $5,312,055; ca r tru sts, $118,425. V . 85, p. 100.
O w n s entire $100,000 sto c k a n d $100,000 4 % b o n d s of R u t la n d & N o y a n
E i T ? w I ?I ? S ' T 12 n i0 3-« /f908-00........ G ross, $1,310,368; net, $387,362
R R . , entire $1,000,000 sto c k of R u t la n d T r a n s it Co. a n d entire $300 000
J u ly 1 to Ju n e 30.
11907-08-G ro ss,
003,378; net,
249,183
sto c k O g d e n sb u rg T e rm . Co. V . 75, p. 1020; V . 73, p. 437; V . 72, p. 88 , 822;
J a S A „ ? 5 ^ - Y,- c : & H - R - a cq u ire d $4,604,100 pref. stk . V . 82, p. 034.
e n d In e Ju n e 30 1008 (444 m iles), gross, $003,379;
S T O C K . — I n A pr. 1000 a ll b u t $100,400 com . sto c k h a d been e x ch a n ge d
net, $223,561; other Incom e, $19,598; Interest, $235,798; ren tals, $5 261fo r pref.— 10 of com . fo r 1 of pref. V . 72, p. 430
b al., su r., $2,090.
P res., B . F . Y o a k u m ; 1st V Ic e -P rc s., A . T . P e rk in s!
D iv s . on pre-1 '07. *08 ’00. ’00. ’01. ’02. ’03. '04. ’05. 1006-1008. 1009.
S t .L o u Is , 2d V . - P . a n d G en . M g r ., J. N . M ille r, a n d 3d V Ice -P re s., R J
ferred
%f
1
2
2
3
4
3
1
0
0
l^ ( J a n . ) None
K le b e rg, K in g s v ille , T e x .— (V . 85, p. 100; V . 88, p. 1129; V . 80 p 163 )
A c c u m u la te d d iv id e n d s on pref. sa id to a g g re g a te 1 7 9 % J a n . 1900
S T . L O U I S E L R E N O & W E S T E R N R Y . - G u t h r l e to E l R e n o . O .’ t .,
B O N D S . — T h e R u t la n d T re a su ry J an . 1 1000 held a ll the $500,000
4 2 J ? - \ ope" S d *“,1904.
F t . S m it h & W e s t, a cq u ire d 5 1 % of sto c k In 1906.
C h a th a m & L e b . 4s a n d $50,000 O g d e n sb u r g T e r m in a l 4s.
.
$970,800 J u ly 1908. B o n d s are su b ject to call a t 102 M on a n y
E A R N I N G S .— 8 m os., f 1909........... .G r o s s , $1,051,187; net, $540,422
J a n . 1 to A u g . 31.
(1 9 0 8 ........... .G r o s s ,
1,746,575; net, 460,537
!-nno.AHyo (beg nn nsr
y l i1913’ o r a t a n y tIm c a t P a r lf a n exten sion Is ar^
™ 5 ? ' d, a t a low er rate of interest.
F o r year, e n d in g June 30 1008, gross,
F o r 6 m o n th s e n d in g Ju n e 30 1000, net a ft e r taxes, $321,637, a g a in s t
$277,456 In 1008; o th e rin c ., $20,153; ch a rge s, $372,788; b a l., def.,$21,
l 4 e s ? j ! C . ^ v S n ^ f p e ^ - ’ v ! s t ’p . T / i / 0" 547’291: b a l" dCf ’ S 4 5 ’7 8 0 ’
R E P O R T . — R e p o rt fo r ca le n d a r y e a r 1008. In V . 88 , p. 681:
S T . L O U I S I R O N M T . & S O U T H E R N R Y . — See M o . P a c . R y . sy ste m
1908.
1907.
1906.
1905.
G ro ss e a rn in g s__________$2,744,240
$3,058,087 $2,799,209
$2,562,089 S t S I o u W SS ^
^
R R -M c rsc .
1907 ,»
759,737
N e t e a rn in g s.................
840,789
821,115
846,486
T o t a l net In c o m e ______
805,723
889,030
871,066
895,348
Z A % N L ?LUi 5 „ b E R C H A ^
7
T a x e s a n d re n ta ls.........
117,976
127,397
106,078
97,170
In te re st on b o n d s______
489,785
493,644
408,920
504,905 S t ., <5cc., to f e r r y S t ., oppo site the M e r c h a n ts’ B r id g e , 5.01 m.: It ow n s a n d
In te re st on lo a n s _______
26,463
25,717
16,338
2,426
co ntrols the M a d is o n 111. & S t. L . R y . , 1.01 m .; to ta l, 7.82 m iles
Leases
S in k . fd . for equip, b d s .
100,000
100,000
100,000
M w o h . B r id g e (1.00 m .) for In t. on B rid g e C o .’s $2,000,000 bon d s. S to c k
100,000
________
D Iv . on pf. stk . (1 V i % ) .
135,864
135,864
a u tho rized , $3,500,000; Issued, to J u n e 30 1008, $2,030,500- p a r $100*
135,864
of th is the T e r m in a l R R . A sso c ia tio n ow ned $1,826,200 M a rc h 1908'
B a la n c e , s u r p lu s ........
$71,409
$7,308
$13,866 $54,983 n e 30 1907 there w as due to T e rm . R R . of S t. L . $035,764 for a d ­
O n Ju
v a n ce s u n d er its g u a r a n t y .
I n N o v . 1803 T e rm . R R . A s s o c ’n of S t L
v , n ! w C rS -T rXY f„ T ?’ J 3rowV ,(P r ? s ->- W m . K . V a n d e r b ilt, F red erick W .
im
V a n d e rb ilt, H . M c K . T w o m b ly , J. p . M o r g a n , W illia m Rockefeller, Jam e s
gu a ran te e d b y en d orsem e n t the p rln. a n d In t. of its $3,500,000 1st m tg e ’
b o n d s a n d the interest on $2,000,000 M erch . B r id g e 6s,
1 ’
4
a a d C h au n c c y M . D e p c w , N e w Y o r k : P e r c iv a l W . C lem e n t, R u t & d ,rX.t,:
Sn.waT 'Y.e b b ' She lb u rn e, V t.; Fletcher D . P roctor, P ro cto r,
rd
E A R N I N G S . -1 2 m os., 11008-09_____G ro ss, $1,333,077; net $443 243
V t., O lln M e rrill, L n o s b u r g F a lls, V t.; R o b e r t T re a t P ain e 2d. B o sto n
\ 1907-08-------- G ross, 1,407,232; net, 525*748
J u ly 1 to J u n e 30.
M a s s . — (V . 87, p. 1089, 1664; V . 88, p. 232, 681; V . 89, p. 094.)
Y e a r e n d in g Ju n e 30 1908, gross, $1,477,233: net, $521,121- oth fne
$525,675; charges, $871,117; bal., sur., $175,679.— (V . 81, p .3 2 ) ’
"
R U T L A N D & Y V H I T E H ' L L R R . — O w n s N . Y . S ta te L in e to C a stle to n ,
V t ., 7 m .
L ea sed L e b . 1 1870 In p e rp e tu ity to Re n sse lae r & S a r a t o g a R R
S T . L O U I S R O C K Y M O U N T A I N & P A C I F I C C O . — (See Map ) — O w n s
(re n tal. $15,342— 6 % on stock) a n d so operated b y D el. & H u d so n .
’ In fee 191,805 acres of co al la n d s a n d coal r ig h ts a n d surface necessarv fnr
» , . ® A . { U N A Y V T U S C O L A & H U R O N . — O w n s S a g in a w , M ic h ., to B a d A xe ,
P?l,uIn g In 328,430 acres a d d itio n a l, east, west a n d so u thw est of R a to n
66 m iles. S to c k , $600,000; par, $100. L e a se d to P e rc M a rq u e tte R R for C o lfa x C o u n ty . N . M . 350,000,000 ton s of h ig h -g ra d e b itu m in o u s cok?ng
999 y ea rs fro m Feb. 1 1900 for g u a r a n t y of p rin cip a l a n d In tere st of b on d s
coal, m easured b y b o rin gs, in 42,800 acres of prove n territo ry w ith large
(form , V . 71, p. 30) a n d m ain te n an ce .— (V . 72, p. 88.)
reserve ton n age in the r e m a in in g 477,000 acres.
A t B rillia n t, V a n H o u te n
a n d K o e h le r the c o m p a n y has In o pe ration 10 electrically-e qu ipped coal
S T . J O H N S B U R Y & L A K E C H A M P L A I N R R . — O w n s L u n e n b u r g , V t..
to M a q u a n B a y , on L a k e C h a m p la in , 120 m ., a n d b ra n ch fro m N o r t h C o n ­ m ines of a present p ro d u c in g c a p a c ity of 1,600,000 tons of coal p e r'a n n u m *
cord, V t ., to E a s t H a v e n , 11 m .; tota l, 131 m iles. T h e roa d Is operated In ­ In ope ration a t G a rd in e r a n d K o e h le r coke ov e n s of 180 000 t o n !’ a n m m i
A ffilia te d interests co ntrol large tim b er properties
d epen d en tly, a lth o u g h a m a jo r ity of the sto c k Is ow ned b y the B o sto n & p ro d u c in g c a p a city .
t r ib u ta r y to the c o m p a n y ’s ra ilroa d , a n d to d evelop sam e h ave b u iP tho
Lpwe:1 , leased to B o sto n & M a in e .
1
C u rre n t lia b ilitie s June 30 1900, $598,C im a rro n & N o rth w e ste rn R y . , fro m C im a rro n to P o n ll P a r k 22 m iles °
U?9.
com ., $2,550,000: pref., $1,298,500; par, $50.
I n 1008-09,
T h e S t. L o u is R o c k y M o u n t a in & P a cific Company ow n s a lso a ll of the
gross, $333,581; net, $68,738; d e d u ctio n s, $135,550; b a l., def., $66,812.
securities of the S t. L o u is R o c k y M o u n t a in * P a cific Ila ilw a u C o a !tnnd°
I S L A N D R Y . — O w n s S t. Josep h, M o ., to G r a n d
a n t-g a u g e ra ilro a d 106 m iles in le n gth fro m D e s M o ln e l? N .
Westerly to
* a lr w i i i ebv 2 5 i,PlIles: S to u t to H ig h la n d , K a n . , 7 m . T ra cka ge, S t . Joseph
R a t o n a n d thence so u th w e st to K oe h le r, V e rm ejo a n d C im a r r o n a n d u p
* w t q ™ ’™ 0 ’’ 2„° m - a n d G ow e r to K a n s a s .C ity, 41 miles.
C im a rro n C a n y o n to U te P a r k , In the B a ld y m in in g d istric t
C o n n e ctio n s
o«;mI nfT ? h ^ ^ r - A rei rKA n lza, l? n, F e b u 23 1807 <l>er plan In V . 62, p. 784, are m ad e w ith the C o lo ra d o & So u th e rn a t D e s M o in e s, w ith the Sa n ta ° F o
t
?Ae iorw*J o s ‘
^ ailro a d t so ld In foreclosure.
U n io n
P rc st£ v vl.t, " th ; I!l F " ° * s o u K S i S S v“ ™ ? f “ , S d
*1 ->«n non 1338 a cq u *rcd 52 .90°.b00 co m m o n , $932,200 first pref. a n d
$1,250,000 second pref. sto c k .
V . 84, p. 52, 571.
s» !*v !
v - • * - »• * « • ”°°• , A T O £ J C - ; r C o rn ”
2, P re f-- 4 % non'-cum ., $3,500,000; 1st
d
pref., 5 % n on -cu m ., $5,500,000, Issued, $5,498,500- Dar $100
D IV ID E N D S ( % ) 1 1808’ 1899 1900P 1901 °1902
None
v o t in g trustees, H e n r y K o e h le r J r., Ch arles Sp rin ge r, F r a n k S p rin g e r,
5
3
3
5
5
Sin ce
O n first p re fe rre d ...................... J
H a r v e y E d w a r d F isk , S . S ta n w o o d M en ke n .
V 87 p 1365
B O N D S . — B o n d s fo r $1,000,000 can be so ld o n ly fo r new m ileage a t not
B O N D S . — A u th o rized , $15,000,000; o u tsta n d in g , $7,500,000; secured
e x ce e d in g $6,000 per m ile. See lis tin g in V . 64. p. 1138
ge a t not
b y a d irect first m o rtg a ge on the c o m p a n y ’s coal lan d s, m ines, c o k in g
E A R N I N G S . — 2 m o s.,11909------------------ G ross, $296,496- n et $81 763
p lan ts. Im p ro v e m e n ts a n d equ ipm en t, a n d u pon a ll of the ca p ita l sto c k
J u ly 1 to A u g . 31.
J 1908------------------ G ross, 274,060- n e t ’ 106*324
a n d first m tge . b o n d s of the R a ilw a y C o m p a n y ; a s in k in g fu n d e q u iv a le n t
A N N U A L R E P O R T S . — F isc a l y e a r e n d s J u n e 30. R e p o r t fo r 1907-08
J?
^on
coal m in e d w ill becom e ope rative A p r il 1 1 0 1 1 .
w it h ba la n ce sheet, w a s In V . 87, p. 1416.
I n 1008-00, oner revenue s i 570, 380; net, $386,068; oth er Incom e, $31,009; charge s $270 0 1 3 - ’bal*
Yana5 ’ P ‘ 4 0 0 ' 1? 7,8 ' Y " 8 7 ’ P- 280, T b e 5750.000 g o ld notes dated A p ril I
,,?99 are secured b y d ep osit of $1,000,000 first m o rtg a ge bonds; th e y m asur., $147,124. I n 1907-08, oper. rev., $1,602,311; net, $664 924
P re s"
a 15
,°’00?i A p o I *, 10 10 a n d $300,000 each A p ril 1011 an d 1012, Im p nre
----------------- ; Sec. a n d T re as., C . C . T e ge th o lf.— (V . 88, p ! 1 0 2 .)
’
su b ject to ca ll on 30 d a y s notice a t p a r p lu s a p re m iu m a t the rate of 1 M %







R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c, see notes
on first pa ge o f tables

M ile s
of
R oad

5,064
F irst preferred s t o c k 4 % n o n -cu m $ 5 ,0 0 0 ,0 0 0 ______ 5,064
S e c o n d p referred s to c k 4 % n o n -c u m $ 3 1 ,0 0 0 ,0 0 0 .. 1,691
K C F S & M p ref s to c k trust certs $ 1 5 ,0 0 0 ,0 0 0 guar
___
C & E I c o m m o n s to c k tr c e r ts ]p a y a b le a t 2 5 0 ___Pa
___
gu a ra n teed g old r e d e e m ___ /p a y a b le a t p a r — la
___
P ref s to c k tru st certs $ 6 ,8 3 0 ,7 0 0 g gu red 150 . - 1 a
2,604
R e fu n d in g m o rtg a g e g old $ 8 5 ,0 0 0 ,0 0 0 ___A lo .c* & r *
G en Hen $ 10 9,85 0,4 00 g red ( t e x t ) . -_ B a .x c * & r * 5,330
144
O zark & Cher Cent flrst M gold assu m ed red p a r . . N
M usk C y B ridge 1st M gold Int re n t red 1 0 5 ___ S S t .c *
___
N otes fo r Ark V a lley & W $ 4 ,5 0 0 ,0 0 0 a u th red p a r .
___
C oll tr n otes $ 7 ,5 0 0 ,0 0 0 (C ol S o N O & P a c) g ___ N
Bon ds U nderlying R efund ing 4s.
M o & W D lv 1st M g $5,0 0 0 y e a r ly draw n a t 1 0 5 .c*
S t L & San F ran coll tru st g o ld s f n o t d r ’ n . . U s . c *
G en M g o ld (1st on 658 m) $ 3 ,6 8 1 ,0 0 0 are 6 s .U s e *
C ollateral trust m o rtg a g e on bra n ch es g o I d .U n .c *
C on sol m tg e (V 6 4 , p 1861) g o ld no o p t io n ------ Ale
S ou th w est D lv M $ 1 ,5 0 0 ,0 0 0 red at par g o ld .C e .c *
C ent D lv 1st M gold $ 3 ,4 6 2 ,0 0 0 red a t 102 )4 . . N . c *
N orth w estern D iv ision m tge redeem 1 0 2 )4 ___N.c*
S t L ou is W ich ita & W 1st M redeem a t 105 g o l d - .c *
Ft W o r th & R io G r 1st M g o ld o ld 5s Int r e d - .C e .c *
B lrm B elt 1st M g red 10 2 )4 gu p & 1 ( e n il) -.O B .c *
F t S & V B B rid ge 1st M g o ld draw n 105 gu p & l.c *
C h ica go & E ast III. K ansas C ity F t S c o t t & M em phis
E q u ip m en t n otes $65 ,000 d u e s-a (V 73, p 1 3 1 4 )___
E q u ip n otes g o ld Series B red par, part d u e sem l-ann
do
do
Series C red par d u e $ 50 ,000 s - a . .
do
do
Series D and E $12,188 m o n t h ly .
do
do
Series F d u e $58 ,0 0 0 q u a r t e r l y .. N
do
do
Series G d u e $15 4,00 0 s e m l-a n .B a
do
do
Series H p a r t d u e $ 30 ,000 s - a ___ N
do
do
Series I g o ld d u e se m i-a n n u a lly ___
do
do
Series J p a r t d u e s-a (P u llm a n Co)
do

do

Series L ( V 8 4 . p 1 4 2 9 )..................S S t

D a te
of
Bonds

____
____
____
1901
1907
1903
1902
1905
1906
1908

S ize, or
Par
A m oun t
V a lu e O utstanding

$100 $ 29 ,000 ,00 0
100
5 ,0 0 0 ,0 0 0 4 In 1909
100 16,0 0 0 ,0 0 0 See te x t
100 13,5 1 0 ,0 0 0
4 g
100
1 ,886,600
10 g
1,000 1 3 ,3 2 8 .0 0 0
4
100
6,2 1 1 ,7 0 0
0 g
1,000 &c 6 7 ,0 2 2 ,0 0 0
4 g
$ & fr
See te x t
5 g
1,000
2 ,8 8 0 ,0 0 0
5 g
1,000
100.000
5 g
4 ,0 0 0 ,0 0 0
4M
1,000
7 ,5 0 0 ,0 0 0
5 g
1,0 0 0 ,0 0 0

82
101
986
64
2,400
112
103
106
144
190
15

1879
1,000
109,000
6 g
1880
1,000
194,000
6 g
1881
1,000
9 ,4 8 4 ,0 0 0 5 & 6 g
1887
1,000
439 ,000
5 g
1896
1,000
1 ,5 5 8 .0 0 0
4 g
1,000
1897
8 2 9 ,0 0 0
5 g
1899
1,000
145,000
4 g
1900
500 &c
47,000
4 g
1879
1,000
304 ,000
6 g
1888
1,000
2 ,9 2 3 ,0 0 0
4 g
1902
1,000
1 .000,000
4 g
1885
1,000
59,000
0 g
an d R o c k I sland-’ Frl s c o T erm ln al— S ee t
1901 5,0 0 0 &c
4
327 ,000
1903 4 ,0 0 0 &c
3 72 ,000
4 g
1903
350 .000
4 g
1903
517,985
5 g
1903
232 ,000
5 g
1906
1,000
2 ,1 0 2 ,0 0 0
4y,
1906
1,000
240 .000
5 g
__
1907
1,000
2 ,3 2 6 ,0 0 0
5 g
1906
145,175
5 g
5
1907
267 ,000
1907
1,000
...
4 , 0301666
5 g

y e a rly from red em p tio n d ate to m a tu r ity . V . 88, p. 884. T h e S t. L o u is
R o c k y M t n . & P a c . R y . gu a ran tees p rln. a n d In t. of $120,000 C im a rro n &
N . W . R y . 7 % 10-year g o ld b on d s. V . 87, p. 1300.
R E P O R T . — F o r y r. end. J u n e 30 1908 a t le n gth In V . 87, p. 1355, 1304
C o m b in e d results for y e a rs end. J u n e 30, ln cl. ry . opcr., since Ju n e 30 '0 7
F isca l
G ross
N et (over)
F ix e d
R ep lacem ent, B a lan ce,
Y ear—
R even u e.
T a x es.
Charges. & c ., R es’ ves. S u rp lu s.
1007-08___ $1,535,990
$529,409
$403,092
$100,508
$19,209
1900-07___ 1,127,234
470,498
334,187
35,398
100,913
— ( V . 87, p. 280, 1355. 1364: V . 88. p. 290.)
ST. LOUIS & ST. LIBORY RY. — U n d e r co n stru ction In M a y 1909 from
the M iss is sip p i R iv e r a t a p o in t op p o site S t. L o u is to S t. L lb o r y , 35 m iles.
B o n d s ($000,000 a u th . Issue) a ll to be Issu e d for co n stru c tio n of road (sin k ­
in g fu n d $18,000 a n n u a lly ), are su b je ct to call a t 103 on a n d after J an . 1
1919.
V . 88, p. 1254, 1314. Pres., E d w a r d L . T h o m a s, S t . L o u is . M o .
O ffice. B e lle ville , 111.— (V . 88, p. 1254, 1314.)
S T . L O U I S & S A N F R A N C I S C O R R . — (S ee M a p s , pages 1 1 8 , 1 1 9 . )
L in es ow ned—
M ile s .
L eased and controlled by stock—
S t . L o u is, M o ., to O k la . C i t y . . 543 K . C . F t. S. & M . — see th is c o . . 914
K a n . C it y M e m . & B l r m ___ 280
Sp rin g fie ld , M o ., to K n o c h e Jet.
( K a n . C it y ) , M o ................... 185
O perated in d ependently—
M o n e tt, M o ., to R e d R iv e r ____ 286 F o r t W o r t h & R io G r a n d e ____ 196
17
O k la . C it y , O . T .. to R e d R iv e r 175 P a r is & G re a t N o r th e r n _________
B e a u m S o u r L a k e & W e s te r n .. 117
S a p u lp a , In d . T ., to D e n iso n ,
61
Tex
193 O ra n g e & N o r th w e ste r n _________
S t. L . S a n F ra n . & T e x . (39
Peirce C it y , M o ., to E lls w o r th ,
K a n . . ..................................
324
m iles track to F o r t W o r t h ) .
125
H o p e , A rk ., to A rd m o re , I T . _ 224 S t . L o u is M e m p h is & S . E ------ 665
B e a u m o n t, K a n . , to R e d R iv e r 318 C h ic. & E a s t. 111.— see th is c o . . 966
F a y e tte v ille , A r k ., to O k m u l­
T o ta l J u n e 30 ’09 (In c lu d in g
gee, I . T .........................
144
234 m iles t r a c k a g e ) ------- 6,219
T u lsa , I . T ., to A v a r d , O . T _
_
175
E v a n s v ille & Terre H a u t e ------310
B ra n c h e s In M iss o u ri, K a n s a s
a n d A rk a n s a s . & c __________
290 B lr m . B e lt R R . (V . 75, p. 1148)
25
Trackage—
M ile s .
K n o c h e Jet. to K a n s a s C i t y _
_
4
C a r r o llt o n - Ir v ln g C u t -o H ______
11
O w n s entire sto c k of C o lora d o So u th e rn N e w . O rl. & P a c. R R . , w hich is
leased for 999 years: the road from B a to n R o u g e , L a . , th ro u gh B e a u m o n t
to H o u s to n , T e x ., 356 m iles; a lso tra ck a g e r ig h ts from B a to n R o u g e
to N e w O rlea n s, 80 m iles, w a s opened Se p t. 1909. T h e R o c k Is la n d
In tere sts ow n a h a lf Interest In the T r in it y & B ra zo s V a lle y R y ., o w n in g a
line fro m Cleburn e to M e x la , T e x ., w ith extension com pleted e arly In 1907
fro m M e x la to H o u sto n , a n d b ra n ch to W a x a h a c h le , w ith track ag e rig h ts to
D a lla s, F o rt W o rt h a n d G alv e sto n . T h ese lin es giv e the a llie d Interests
exten sion s from F o rt W o r t h a n d D a lla s to G a lv e sto n , H o u s to n a n d N e w
O rlean s.
V . 82. p. 87: V . 84. p. 340, 509: V . 85. D. 530.
O R G A N I Z A T I O N . — O rgan ized Ju n e 30 1896 to succeed to the prop e rty
a n d fran ch ises of the R ailw ay co. so ld In foreclosure a n d reor. per plan In V .
62, p. 829 a n d 1140— see a lso p. 742. T h e sy ste m then w a s a b o u t 1,500 m .
T h e R o c k Is la n d Co. ow n s $28,940,300 of the $29,000,000 co m m on stock,
m o st ly acq u ired In 1903, the latter re c e iv in g (per $100) $60 com m on stoc k
of R o c k Is la n d Co. a n d $60 In 5 % gold b on d s of 1913 of the C h ic ago R o c k
Is la n d & P acific R R .
See those co m pan ies, V . 76, p. 1086, 1249.
I n 1902 B ir m in g h a m B e lt R R . (V . 75 p. 1148) w a s purchased; a lso St.
L o u is S. F . & N ew O rl. R y . , V . 74, p. 1197; V . 75, p. 343; V . 85, p. 531.
I n A u g . 1907 the S t. L o u is M e m p h is & Sou th e astern , O z a rk & Cherokee
C e n tra l, A rk a n s a s V a lle y & W este rn , O k la h o m a C it y & W este rn , & c., were
m erged, a lso v a rio u s lines leased, m o stly for 999 years.
V . 85, p. 531.
T h e N e w O rlean s T e rm in a l Co. w a s organized Join tly b y the S t . L o u is &
S a n F ra n cisco a n d So u th e rn R y . sy ste m s, a n d Issued 4 % go ld b on d s (pres­
ent o u tsta n d in g a m o u n t $10,000,000), gu aran teed Jointly b y S t . L . & S. F .
a n d the So u th e rn R y .
V . 77, p. 38; V . 76, p. 1144.
R o c k Is la n d -'F r ls c o
T e rm . R y . (St. L o u is), sec V . 82, p. 930; V . 84, p. 749, a n d th at Co.
I n M a y 1901 acq u ired over 9 0 % of the sto c k of the F t. W o r th & R io
G ra n d e R y . (now F o rt W o r t h to B r a d y , 196 m iles).
S T O C K . — C o m p a n y reserves r ig h t a t a n y tim e to redeem either or b oth
classes of pref. sto c k a t p a r In cash. P ro v isio n s of pref. certfs. were In
"S u p p le m e n t ” of A p ril 1897, page 6.
D IV S . —
’97. ’98. ’09. ’00. ’01. '02 t o ’05. ’06. ’07. ’08.
1909.
F ir s t preferred. 2 ---------- 4 % per a n n u m ---------4
4
4
4
Se c o n d prefer’d . .
1
2
2 3 H 4 y e a rly .
0
0
0
______
S T O C K T R U S T C E R T I F I C A T E S . — K a n s a s C it y F t . S c o tt & M e m p h is
R y ., K a n s a s C it y to M e m p h is, T e n n ., w ith b ranches, 914 m ., w a s acqu ired
In 1901; Its entire sto c k Is ow ned a n il road leased for In t. on b o n d s a n d 4 %
on pref. stoc k tru st certfs. (see a b o v e t a b le ), the 4 % ref. b on d s bein g gu a r.,
p. & 1.; see K . C . F t. S . & M . In th is issue a n d V . 72, p. 438, 532, 581, 1238.
I n J u ly 1905 a ll of the $7,217,800 co m m on a n d $6,211,700 of the $8,830,­
700 pref. C h ic ago & E a s t. 111. R R . sto c k had been acqu ired , the S t. L . &
S . F. g iv in g In exchange Its sto c k tru st certfs. a t the rate of $100 for each
$100 share, upon w hich 1 0 % a n d 6 % d lv s., respectively, are paid . In 1905
the holders or a m a jo rity of the com . stk. tru st certfs.. preferring to have a
se cu rity redeem able a t par in stead of a t the rate of $250, exchan ged their
certfs. for a new form In the d e n om in ation of $1,000 each, representing the
d ep osit of four shares of stock.
In t. on these latter certfs. Is paya b le a t
the rate of 4 % per a n n u m , so th a t b oth the Incom e a n d prln. are u n chan ged
- - o n ly fo rm of se cu rity b ein g chan ged .
(See form , V . 80, p. 1857.)
See
C h i. & E . 111. on a preceding page a n d V . 75, p. 29 1,39 3, 1031; V . 81, p. 1551.
G E N E R A L L I E N G O L D B O N D S D A T E D 1907.
T h ese b o n d s are redeem able a s a w hole o n ly on a n y Interest d ate prior to
M a y 1 1022 a t 102
a n d interest, a n d a lso redeem able on M a y 1 1922,
o r a n y Interest d ate thereafter, a t p a r a n d Interest. T h e m o rtg age Is
a flrst lien on (a) a ll prop e rty co nstru cte d or acqu ired th ro u gh the proceeds
of the bonds; a n d (b) lines of ra ilw a y , on p a ym e n t or a c q u isitio n of b on d s
a n d notes (see below ). I t Is a lso to be a Hen, subject to e x istin g m tges.,
on the In tere st In lines ow ned or leased or controlled b y sto c k ow nership
a g g re g a t in g 5,454 m iles.
B y p a y m e n t of eq u ip m e n t notes n am ed therein,
the new m tge . w ill a lso becom e a llrst lien on equ ipm en t co stin g $18,911,907.
S«e V . 84, p. 1488; V . 88. p. 54, 1198: V . 89. u. 105. I n J an . 1909 the a u th .




B on d s— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

Q— F
J— M
Q— J

C h eck s m ailed
do
M ercantile T ru st C o, N Y
C h ecks m ailed
do
do
M orton T ru st C o, N Y
N ew Y o r k , L o n d o n , &c
M ercantile T ru st C o, N Y
St L ou is U n ion T r , St L
B a n k ers’ T ru st C o , N Y
N ew Y o r k T ru st C o, N Y

N ov
D ec
O ct.
J u ly
J u ly
J u ly
J u ly
M ay
O ct
J u ly
F eb
Jan
Aug

1 1909 1 %
1 1905 1 %
1 1909 1 %
1 1942
1 1942
1 1942
1 1951
1 1927
1 1913
1 1942
1 1912
1 1911
1 1911

F & A M ercantile T ru st C o, N Y
F & A U nited S tates T r u s t. N Y
.T & ,T M ercantile T ru s t C o , N Y
A & O U nion T ru s t C o , N Y
J M erca n tile T ru st C o , N Y
,T &
A & ()
do
do
A & o
do
do
A & o
do
do
s
M &
do
do
&
J H B H ollins & C o, N Y
J
A & o M ercantile T ru st C o, N Y
do
do
A & o
hose co m p an ics
D B lair & C o , N ew Y o r k
&
J
F & A U W ln th r o p & C o . N Y
do
do
M & N
m o n th ly A m e r Car & F C o , S t L
B lair & C o , N ew Y o r k
Q uar
do
do
A & O
do
do
M & N
&
J
J First N at B k , N Y o r Chic
B o a tm e n ’s B a n k . S t L o u
Q uar
M
&
F
& A B a n k e r s T r C o , N Y or S t L

Aug
Aug
J u ly
O ct
J u ly
O ct
Apr
Apr
Sept
J u ly
O ct
Apr

1
1
1
1
1
1
1
1
1
1
1
1

J
J

&
&

J
J

Q— J
J
M
A
.1
F
J

&
&

&
&
&
&

J
N
O
.1
A
J

1919
1920
1931
1987
1996
1917
1929
1930
1919
1928
1922
1910

D ec 1909-1911
F e b ’ 10 -F eb ’ 13
T o M ay 1 1913
T o M ay 1913
A p r ’ 1 0 -O ct ’ 10
A p r ’ 10-A p r ’ 16
M ay ’ 1 0 -N ov ’ 13
J an ’ 10-Jan ’ 17
T o J u n e 1916
M c h ’ lO -Scn ’17
F e b ’10-A u g ’17

*ssue u n d er the m tge. had been reduced fro m $115,000,000 to $109,850,400
th ro u gh sale of refund, b o n d s for pu rposes a u tho rized u n d er gen. lien m tge ,
P u rp oses fo r w hich tlu; $109,850,400 G eneral L ien B on ds w ere Issu able.
Is s u a b le fo r t h w ith .......................................................... ..........$10,000,000
R eserved to retire a t or beforo m a t u r ity the fo llo w in g b o n d s, & c.—
4 « % notes (S t. L . S . F r . & N . O . R R . co ll.), pa id
A u g . 6 1909............................................... ....... .$7,124,900
5 % notes (S t. L . M . & S . E . R R . Co. co ll.), paid
Ju n e 1 1909_____
6,500,000
S t. L . M . & S . E . 5-yr. 1st M . 4>*s. p a id J ’ne 1 1909.16,000,000
S t. L . M . & S . E . R R . Co. 1st M . 4s, due 1952.........
371,500
S t . L . & S F r. R R . Co. 5-yr. 5 % notes (Col. So.,
N e w O rl. & P ac. R R . Co. coll ), d u o J an . 1 1 9 1 1 .- * 7 , 500,000
O ra n ge & N . W . R R . C o 1st M . 5 % 30-yr. b o n d s _
_ *424,000
B e au . S . L . & W . R y . Co. 1st M . 6 % b d s , d u e J ’l y l ’35 *170,000
S t . L . & S a n F r. R R . 7 -y r 4 M % notes (A r k . V a lle y
& W e st. R y . coll.), due Feb. 1 1912 (V . 80, p. 601) 4,000,000
O z a rk & Cherokee Ce n tra l R y . 1st M . 5s, due 1 9 1 3 .. 2,880,000
M u sk o ge e C it y B rid g e Co. 1st M . 5s, duo J u ly 1 1942
100,000
S t. L . & S. F r. eq. tr. notes, m a tu r in g In ser. u n til '17 9,939,030
Col. S o . N e w Orl. & Pac. equip, tru sts 1908-17_____ 1,600,000 56,609,400
Reserved to be Issued In aid of a b o v e re fu n d in g o p e ra tio n s_____
5,000,000
Reserved to be Issued from tim e to tlm o > nee June 1 1909 to p a y
In stallm e n ts of equip, tru sts th at m a y be Issued a fter d ate of
new m tge., b u t o n ly for 6 0 % of face a m t. of such p a y m e n t s ..
5,000,000
R eserved to be Issued since J u n e 1 1909 for cash cost of future
Im p ro v e m e n ts a n d betterm ents, b u t n ot exceedin g In a n y year
$500 face a m o u n t of b on d s for each m ile of ra ilroa d a t the tlm o
ow ned or controlled b y lease or other a rran ge m e n t for control
e x te n d in g for a period beyon d the term of the m tge. N o t e x ­
ceeding $2,500,000 to be Issued In a n y one year u n til a n d In ­
c lu d in g 1911, a n d thereafter not over $3,000,000 y e a r ly ____ 28,241,000
Reserved to bo Issued since Ju n e l 1909 a t not exceeding $ 1 ,000,­
000 per ye a r for cash expen d itu re s su b sequ en t to the date of
the m tge. equal to the then m arke t va lu e of the new b on d s so
Issued for the co nstru ction , purchase or a cq u isitio n of a d d i­
tion al lines of r a ilw a y or b ranches, on w hich this m tge . w ill
bo a flrst lie n ______________________________________________
5,000,000
* N o te.— I n the event of the C o l. S o u . N e w O rl. & P ac. b ein g released from
the lien of the m tge. on or before J an . 1 1011, the $8,094,000 gen. Hen b o n d s
reserved for re fu n d in g the u n d e rly in g b on d s thereon w ill be a v a ila b le for
lm p ts. after J u ly l 1918 a t not over $3,000,000 y e a rly .
(C om p aro V . 87,
p. 937, 873.)
See "G e n e r a l F in a n c e s" below.
R E F U N D I N G 4 P E R C E N T S O F 1901. (V . 77, p. 2391; V . 83, p . 752.)
A u th orized.
Issu ed .
1. T o retire u n d e rly in g b o n d s __________________ $59,000,000 a$45,531,600
2. F o r Im p rov e m en ts, b etterm en ts, now e q u ip ­
m ent, & c., a t $1,000,000 per y e a r_________
9,500,000
9,000.000
3. A d d itio n a l lines, ex tensions, & c., a t c o st____ *16,500.000
12,604,400
T o t a l............................................................$85,000,000 fc$67.136 000
a T o retire $38,395,000 u n d e rly in g b onds. * A t not exceeding $32,000
per m ile (lncl. u n d e rly in g Hens), $4,500,000; a t n ot exceeding $22,500 per
m ile (lncl. u n d e rly in g Hens), $12,000,000. k ln c l. $114,000 In lm p t. tru st.
U nderlying Bon ds D ep osited as S ecu rity under R efund ing M ortga ge.
M o . & W . D lv . 6 s............. $866,000 So u th w e st D lv . 5 s_________ $671,000
S t . L . W lc h . & W e st. 6 s . ..1 ,6 9 0 ,0 0 0 C ent. D lv . 4 s _____________ 1,817,000
731,000 S t. L . O k la . & So. 4s (all) ..4 ,65 0,0 00
T r u s t 6s of 1880__________
F t. S m it h & V a n B u r . 6 s . . 127.000 K a n . C it y D lv . 4s (all) ..2 ,3 2 4 ,0 0 0
do
do
3s ( a ll ) . . 976,000
G en. m tge. 6s of 1881-------- 4,126,000
do
5 s..................... 6,488,000 N o rth w e st. D lv . 4 s _______ 1,253,000
T r u s t 5s Of 1887................. 060,000
I n a d d itio n there have been refunded a n d canceled $5,590,000 A . B . & C .
b o n d s of 1900 a n d $0,983,000 of consol, m tge. 4s.
There h ave a lso been acqu ired a n d deposited under the re fu n d in g m tge.
the fo llo w in g sto c k s a n d 4 % bon d s, representing new exten sion s (b e in g
entire Issues on a ccou n t thereof), the latter a g g r e g a tin g 550.94 m iles.
R oad— (V . 77. p. 1538, 1537.)
M ile s .
S lock.
Bonds.
O k la h o m a C it y & W este rn R R .................174.85
$5,000,000 $4,023,000
O k la h o m a C it y & T e x a s R R -------------------8.68
F t. W o r t h & R io G r a n d t R y .................... 49.72
*994,000
a 2 .842.000
S u lp h u r S p r in g s R y —
- -----------------------8.72
174.000
200,000
nin/.1,n.n1l Fnl.l &- Sou th w e ste rn R y ..........238.68
B la c k w e ll E n id .1
4,500,000
500,000
B la ck w e ll E n id & T e x a s R y .................... 12.75
173.000
R e d R iv e r T e x a s & So u th e rn R y ............. 57.54
815.000
400,000
S t . L o u is S a n F ra n . & T e x a s R y .......................
803,300
a S u b s ta n tia lly the entire Issue. * Issu e d for extension from B ro w n w o o d
to B r a d y , T e x. (entire a m o u n t); to ta l le n gth of road, 195.88 m iles, b alan ce
of Issue, $2,923,000, b ein g In h a n d s of public.

200.000

n .»<>*•1
r

I M i n m l r p n n o n t r il. 1 f i n d

T . n u lo

V fr» m r \ L ln

L

G

P

IjO fU lS

SCO

•

__co m p a n y.
_________ _
_________ _____ _ $54,000 P e m iscot
R R . 6s due O ct. 1 1914; $65,000 K e n n e tt & O sceola 6s due J u n o 1 1917;
$4,500 So. M o . & A rk . 5s duo 1939; to ta l $123,500. S t . L . M . & S . E . 1st
4s 1952, red. 105. $305,025.
T h e $3,357,000 Scrie s I . $359,000 Series K , $5,074,000 Series L a n d
$340,000 car tru sts d ated M a rc h 1907 are gu aran teed , prln. & In t.. b y tho
A m er. C a r & F o u n d r y Co.
V . 84, p. 391, 1429; V . 85, p. 922. Series P
m atu re $132,000 each A p r il 1 a n d $133,000 each O c t. 1.
G E N E R A L F I N A N C E S . — T h o $7,124,900 5-year notes m a tu r in g Deo. 1
1908 were paid oil, $6,000,000 notes due Dec. 1 1909 being Issued on a ccou n t
of m on ey s borrow ed therefor.
V . 87, p. 1421, 1480.
I n A u g. 1908 a 2 )$ -y e a r loan of $2,000,000 a t 5 % w a s o b tain ed from the
U . S. E x p r e ss C o., su b ject to red em ptio n a t a n y tim e In su m s n ot less th an
$100,000; $1,000,000 pa id A u g . 31 1909.
V . 87, p. 481.
In Dec. 1908 a n d A p r il 1909 $30,052,000 gen lien bon d s, b e a rin g 5 % Int.,
were so ld to Sp e ye r « Co. to finance tho requirem ents of the co m p a n y In
1909, In c lu d in g the p a y m e n t of a ll floatin g d eb t a n d prov isio n tor tno $15,­
530,000 S t. L o u is M e m . & Sou th e astern b on d s m a tu r in g J u n o 1|1909.

R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c, see notes
on first page o f tables
S t L & S F (C on )— Ser M P u ll’n cq notes gd $26,436 qu a r
do
Ser O gu ., due $33,000 or $34,000 s - a . P I P
do
Se r P g o ld _____________________ _____ B a
Preferred sto c k 5 % n o n -c u m u la tlv e $20,000,000 —
F ir s t m o rtg a g e certs ($16,500 per mile) g o ld .- C e .c *
Se c o n d M 4 % In c $10,000,000 n on -cu m g - . . A le . c ‘
F ir s t co nsolid ate d m tge $25,000,000 g — E q . x c ’ & r
Guaranteed Bon ds, <
fee.—
G r a y ’s I ’t T e rm 1st M gu a r p <c 1 g o ld --------- S S t .c & r
S
1st ref & ext M $4,000,000 g r e d text gu p & I . E q.xc*
S h re ve p o rt B d g c & T e rm 1st M $500,000 g gu p & 1.
C a r tru st bon d s, due $34,000 y e a r ly -----------------------S t L o u is Troy & E a s te r n — F ir st m tge $ 5 0 0 ,0 0 0 -..A C
S t L o u is W a t k in s & G u lf— 1st M $1,225,000 g & £ - - F
St P a u l & D e s M R R — ls t & r c f M $2,400,000 g t e x t.A B
D e s M o in e s Io w a F a lls & N o r 1st M red 1 0 5 ..T a .c *
S t P a u l E a s te rn G ra n d T r u n k — 1st M gold ln t g u a r .c *
S t P a u l U nio n D e p o t— F irst M go ld . Interest a s ren tal
C o n so l m tge go ld ($100,000 are 4 s ). Interest a s ren tal
S a lt L a k e C U n D c p & R R — 1st M $1,500,000 g r e d .B a
S a lt L ak e & M e rc u r— F ir st m tge $300,000 g o ld ------ E d

M ile s
of
R oad

D ate
of
B onds

_
_

1907
1908
1909

_
_
1,223
1,223
1,271

____
1891
1891
1902

16
_
_
_
_
--_
_
100
45
75
56
_
_
_
_
20
12 H

1897
1906
1905
1909
1904
1902
1906
1901
1883
1880
1894
1908
1898

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

Am ount
O utstanding

$872,398
5
$1,000
567,000
6
1,000
2,650,000
5 g
100 16,356,100
100 19,893,650 See te x t
1,000 20,000,000
4 g
500 & c
3,043,500
4
1,000 a 2 2 .260,850
4 g
1,000
1,000
1,000
1,000
500
$ & £
1,000
1,000
1,000
1,000
1,000
1,000
1,000
100
1,000

723 1893
F ir s t M $21,600,000 gold gu a r p & 1 (end) ..C e . c * & r
San F ra n cisco & N o r P a cific— See N o rth w e st P a c R R
San F ra n cisco & San J o aq u in V a lle y — See A tc h iso n T opeka & S a n t a Fe
1,046 1903
S a n ta Fe P re sco tt & P h o e n ix — See A tc h iso n T o p e k a & S a n ta Fe
41 1906
1,000
S a n ta Fe R a to n & D e s A lo in c s— F ir s t M g o ld — U sm .c
S a n ta Fe R a to n & E a s te r n — 1st M g gu p & L . U s m . c
16 1905
1,000
Sa n ta Fe Lib e ral & E n g — 1st M g $8,000,000 a u . U s m
1906
1,000
S a ra n a c & L a k e P la c id — See C h a te a u g a y & L a k e P la c l d
1887
1,000
S a u lt Ste Alarie B rid g e — 1st M g o ld s f d raw n a t l l O . c
IK
1907
1,000
S a v a n n a h A u g u s t a & N o r— 1st M $ll,000,OOO.Ca.c*<S;r
S a v a n n a h F lo rid a & W e ste rn — See A tla n tic C o a st L in e R R j
S a v & S ta te sb o ro — 1st M $500,000 g u p & 1 (e n d ) . - c *
33 1903
1,000
S a v a n n a h U nio n Sta tio n C o — F ir st M $600,000 g -A lo .r
1902 1,000 & c
Schen ectady & D u a n e s b u r g — See D elaw are & H u d so n C o
a P a r t In tre asu ry J u ly 1909, o n ly $20,267,000 being listed
A special F ren ch series of 51,600,000 fran cs
(a b o u t $10,000,000)
w a s a lso so ld In F ra n ce In J u ly 1909 th ro u gh the sam e b a n k e rs (d e n o m in a ­
tio n s 516 fr., or $100 e a c h ). I n O c t. 1909 $6,000,000 were so ld In G e r m a n y .
V . 87, p. 1480; V . 88, p. 54, 102, 1002, 1062, 1198, 1254; V . 89, p. 105, 287 ,
1069.
L A T E S T E A R N I N G S . — J 19 09____ G ross, $6,955,631; net, $2,172,718
2 m o s „ J u ly 1 to A u g . 3 1 .(1 9 0 8 ....... G ross, 6,022,645; net, 1,795,456
A N N U A L R E P O R T . — R e p o r t for the ye a r e n d in g J u n e 30 1908.sh o w in g
o p e ratio n of sy ste m , w as g iv e n In “ C h ro n .” O ct. 30; see a lso ed it. C o m ­
p a riso n s w ith 1906-07 In accu rate, o w in g to c h a n ge In a c c o u n tin g.
Y ea r en d in g J u n e SO—
1908-09.
1907-08.
1906-07.
A v e ra g e m iles o p e ra te d _____________
5,251
5,064
5,062
F re ig h t e a rn in g s..............................$25,618 ,8 76 $23,970,297 $26,534,640
P a s s e n g e r ............
9,655,880
8,927,037
9,166,327
2,920,976
2,902,798
2,553,014
M a ll, express, & c .....................
T o ta l o p e ra tin g r e v e n u e .................$38,195,738 $35,806,132 $38,253,981
N e t oper. revenue (after t a x e s )______$11,487,119 $9,850,432 $12,500,448
T o t a l net In c o m e _______
$12,890,911 $11,313,349 $14,373,039
In te re st, re n tals & sin k in g f u n d s ______ $9,933,444 $9,219,401 $8,580,174
540,400
540,400
540,400
D Iv . K . C. F t . S . & M . sto c k tr. certs.
D lv . C . & E . I. sto c k t ru st ce rts_____
1,094,482
1,094,482
1,094,482
D lv . on llrst preferred, 4 % ........
199,742
199,742
199,742
B a la n c e , s u r p lu s ............................... $1,128,843
‘ $259,324 $3,958,841
a In 1908-09 the C h ic a g o & E a s te rn Illin o is h a d a su rp lu s a fte r p a y m e n t
o f d iv id e n d s of $20,973, m a k in g su rp lu s of sy ste m fo r y e a r $1,149,816.
O F F I C E U S .— C h a irm a n of B o a r d , D . G . R e id ; P res., A . J. D a v id so n ;
C o m p tro lle r (also one of V ice -P re sid e n ts), C. W . IU U a rd ; Sec. a n d T re as.,
F r a n k H . H a m ilto n .
N . Y . office, 115 B ’w a y .
D I R E C T O R S . — (J u ly 1909.) B . F . Y o a k u m , D . G . R e id , F . L . H In e ,
W . H . M o o re , C . W . H illa r d , R . A . J ack so n , G eo. T . B o g g s of N e w Y o rk ;
N a t h a n ie l T h a y e r, lle n j. P . C h e n e y of B o sto n , M a ss.; A . J. D a v id s o n , W m .
K . B I x b y a n d J a m e s C a m p b e ll, S t. L ou is; J. H . M oore , C h ic ago .
E x e c u tiv e
C o m m itte e , B . F . Y o a k u m (C h a irm a n ), J am e s C a m p b e ll, F . L . H ln c ,
R . A . J a c k so n , J a m e s H . M o o re , W illia m H . M o o re a n d D a n ie l G . R e id .—
( V . 88, p. 1374; V . 89, p. 105, 287, 529, 779, 994, 1009.)
S T . L O U I S S O U T H W E S T E R N R Y . — T h e sy ste m em braces:
S t. L ou is Southw estern R y . C o .—
' St. L . Southw . R y . C o. o f T exa s—
M a in L in e — D e lta to T e xa rk a n a4 1 2 .3 M a in L in e — T e x a r k . to G a t s v . .3 0 5 .4
Illin o is D iv is io n (t ra c k a g e )____138.2 F o r t W o r t h B r a n c h ___________ 154.3
C a iro B r a n c h _________________ 57.7 D a lla s B r a n c h ________________ 13.7
N e w M a d r id B r a n c h __________
6.1 S h e rm a n B r a n c h _______________ 52.3
G r a y s P o in t T e rm . R y . (leased) 16.6 H illsb o r o B r a n c h _____________40 2
S t u t t g a r t B r a n c h ______________ 35.1 L u fk in B r a n c h ________________ 130.9
L itt le R o c k B r a n c h _____________ 44.4
Sh re v e p o rt B r a n c h .... ............ _ 62.6
T o ta l of a ll operated m ilea ge J u n e 30 1909______________________1,469.8
A lso has S t . L o u is Ir o n M o u n t a in & S o u th e rn track age , n ot In clu d ed In
o p e ra tin g acco u n ts, viz.: S t . L o u is to B is m a r c k , M o ., 75.4 m iles; B is ­
m a rck , M o ., to D e lta , 74 m iles- M e m p h is, T c n n ., to F a ir O a k s , A r k , 60
m iles, m a k in g the to ta l lines 1,651 m iles. V . 77, p. 90: V . 88, p. 1374. O f
the 1,325 m iles m ain track , 9 are la id w ith 85-lb., 830 w ith 75-lb ., 30 w ith
70-lb., 417 w ith 56-lb. a n d rest w ith 35 a n d 00-lb. steel rails.
O R G A N I Z A T I O N . — R e o r g a n iz a tio n , per p lan In V . 50, p. 141, 561, of
S t. L o u is A rk a n s a s & T e x a s, so ld In foreclosure In O ct. 1890.
D I V I D E N D S . — F ir s t d iv id e n d on preferred sto c k , 2 % (sem i-an n u a l)
p a id J u ly 15 1909. V . 88, p. 1438.
B O N D S . — T h e first consols (authorized Issue $25,000,000) a rc secured b y
a ll the p ro p e rty of the c o m p a n y , su b ject to the prior o u t st a n d in g bon d s.
O f the a m o u n t ,$6,000,000 were Issued to retire $1,700,000 eq u ip m e n t
b o n d s a n d other ca p ita l requirem ents, $9,000,000 were reserved to retire
b y ex ch a n ge the $10,000,000 2d m tge. Incom e b on d s (of w hich $6,956,­
500 had been a cquired In J u ly 1909), a n d the re m a in in g $10,000,000 for
the a c q u isitio n of bra n ch lines a t n ot over $20,000 per m ile, a c q u isitio n
a n d Im p ro ve m e n ts.
(V . 75, p. 136.)
See V . 74, p. 328, 578, 630, 831;
V . 75, p. 790; V . 77, p. 2160: V . 80 p. 473, 872; V . 84, p. 1249; V . 87, p.
814; V . 88, p. 453.
E q u ip , tr u st notes June 30 1909, $1,185,417.
G u a ra n ties.— G r a y ’s P o in t T e rm . gu ar, of 1st 5s, V . 69, p. 1062. S t .
L o u is S o . W . o w n s a ll sto c k a n d leases road for 50 y e a rs fro m A u g . 1908.
V . 65, p. 413.
O f the G r a y 's P o in t T e rm . R y . 1st ref. & ext. 50-yr. go ld 5s, redeem able
after 5 y rs. a t 105 ($4,000,000 a u th . Issue), $550,000 are reserved to
retire the first 5s, $600,000 to acqu ire $600,000 S o . 111. & M o . B r id g e bon d s,
the rem ain d e r fo r e x te n sion s a n d Im p rov e m en ts; none Issued to J u ly 1909.
V 83, p. 273, 819, 890; V . 85, p. 222, 601,
T h e S h re v e p o rt B rid g e & T e r m in a l Co., w hich Is controlled , Is leased for
50 years from A u g . 1 1905, Its $500,000 b o n d s ($450,000 Issued) b ein g
gu a ran te e d .
V . 81, p. 1097, 1101; V . 82. p. 753; V . 83, p. 815.
E A R N I N G S . — 2 m os., 11909......... G ross, $1,652,948; net, $452,008
/ 1908......... G ross,
1,584,207; net,
294,840
J u ly 1 to A u g . 31.
A N N U A L R E P O R T . — A n n u a l m eetin g is held a t S t. L o u is, M o ., on the
first T u e sd a y In O ctobe r. R e p o r t for 1908-09 w a s In V . 89, p. 912.
C o m p a riso n s w ith 1906-07 In acc u rate o w in g to ch a n ges In a cco u n tin g.
Y ears ending J u n e SO—
1908-09.
1907-08.
1906-07.
T o t a l o p e ra tin g reven u e s................... $10,331,889 $9,598,264 $10,261,336
O p e ra tin g e x p e n s e s ..........................
7,787,093
7,580,423
6,985,692
N e t o p e ra tin g re ve n u e .....................$2,544,796
T o t a l net In c o m e .................... - .........$2,743,478
I n t . on 1 st a n d cons. m tge . b o n d s —
$1,687,133
In t . on 2d M . Inc. b d s. held b y p u b lic .
126,080
O th e r In tere st, ren ts, & c ------------------332,175

$2,017,841
$2,461,325
$1,640,283
130,420
357,591

$3,275,644
$3,568,356
$1,551,323
130,420
304,491

B a la n c e , su rp lu s for y e a r ------------$598,089
$319,824 $1,582,122
O F F I C E R S . — Pres., E d w in G o u ld ; V . - P . a n d G e n . M g r ., F . H . B r itto n :
Se c ., A r th u r J. Tru sse d ; T re as., G . K . W a rn e r.




R ate
%

W hen
P a y a b le

W here P a y a b le, and b y
W hom

B on ds— P r in c i­
pal. W hen D u e .
Stocks— Last
D ivid en d

T o N o v 15 1917
J A J 15 P r o v L ife & 'Tr C o , P h lla T o Jan 15 1918
A A O B a n k e r s T r C o , N Y T o O c t 1 1919
J
M
J
J

& J15
& N
& J
& D

500,000
.T &
5 g
Se c text
F &
5 g
450,000
F
&
5 g
340,000
5
A &
500.000
J
&
5 g
983,360
5
J
&
900,000
&
4K g F
1,036,000
J
&
5 g
1,120,000
J
6 g
&
250,000
6 g
M &
250,000 4 g & 5 g M <g
3
1,100,000
M &
5 g
175.000
5 g
M &
1,000,000
17,544,000
J
4 g
&

D
A
A
O
I)
J
A
J
J
N
N
N
N

O ffice, 195 B w a y , N Y J u ly
Ce n tra l T r u s t C o , N Y N o v
M e rca n tile T r u s t C o , N Y N o v
E q u ita b le T r Co, N Y
Ju n e
N Y . F q . T r & S t L o u is
do
do
S t L o u is , M o
P en n C o for In s , & c, P h il
M iss V a l T r Co, S t L o u is
F a rm e rs L & T r C o , N Y
A m e rican T r Co. B o sto n
T r u s t C o of A m e r. N Y
O ff C & N W . I l l B w a y
Ce n tra l T r u s t C o , N Y
N o rth w e ste rn T r u s t Cc
New Y o rk

J

15 1909
1 1989
1 1989
1 1932

D e c 1 1947
A u g 1 1956
A u g 1 1955
T o A p r il 1 1919
D e c 1 1924
J u n e 1930
A u g 11 9 3 6
J u ly 1 1931
J a n 1 1913
M a y 1 1930
M a y 1 1944
N o v 11938
M a y 2 1918
Jan

1 1943

40,000,000

4 g

905,000
293,000
780,000

5 g
5 g
5 g

M
M
J

&
&
&

S U S M t g e & T r u s t C o , N Y M c h 1 1936
S
M c h 1 1935
J
J u ly 1 1936

900,000
See text

5 g
6 g

T
J

&
&

J 55 W a ll Street, N e w Y o r k J u ly 1 1937
J In d e fau lt.
J u ly 1 1957

185,000
600,000

5 g
4 g

J
A

&
&

o S ta n d a r d

&

1

J Savannah T ru st Co
J a n 1 1953
T r u s t C®, N Y A p r 11 9 5 2

D ire c to rs.— E d w in G o u ld , N e w Y o r k ; R . M . G a lla w a y . H o w a r d G o u ld ;
W in s lo w S . Pierce, W illia m H . T a y lo r a n d E . T . Jeffery, N e w Y o r k ;
M u r r a y C a rle to n , F . H . B r it t o n a n a T o m R a n d o lp h . S t. L o u is.
O ffic e ,
195 B ’w a y . N e w Y o r k .— (V . 88. p. 1374, 1438; V . 89, p. 408, 912.)

ST. L O U IS T R O Y & E A S T E R N R R .— E a s t S t . L o u is, 111., to T r o y , 111.,
w ith b ra n ch 1 m ile to D o n k v llle , 111.; to ta l, 18.9 m ile s; leases S t . L o u is &
111. B e lt, E d w a r d sv llle , 111., to near F o rm o sa , 111., 7 m .; y a r d tra c k a n d
sid in gs, 9.94 m .; to ta l, 35.84 m ites. S to c k , $850,000, a s Increased J u ly
1909; par, $100. F o r ye a r e n d in g J u n e 30 1909, gross, $316,659; net,
$132,322; other Incom e, $8,828; ln t. a n d taxes, $41,343; d lv s . ( 2 5 % ) ,
$87,500; b a l., su r., $17,307.
P re s., E d w in H . Com rades, 314 N . 4 th S t.,
S t . L o u is, M o .— (V . 80, p. 473; V . 89, p. 287.)
S T. L O U IS W A T K IN S & G U L F R Y — L a k e C h arle s to A le x a n d ria , L a . :
100 m iles. See V . 74, p. 630, 681. S t o c k a u th ., $1,225,000; Issued, $933,­
400; p a r of shares, $20.
D lv . , 2 0 % p a id In 1906-07 a n d 1907-08. The
S t. L o u is Ir o n M t n . & So u th . (M o . P a c . S y s t .) In 1905 a cq u ire d control.
Y e a r e n d in g Ju n e 30 1908, gross, $295,818; net, $107,465- oth er In com e,
$609; charges, $85,475; d lv s . ( 2 0 % ) , $197,228; a d d n s. & lm p ts., $1,914;
b a l.. def., $176,543. Pres., G eo. J. G o u l d — (V . 81, p. 508.)
ST. P A U L . — See C h ic a g o M ilw a u k e e & S t. P a u l.
ST. P A U L & D E S M O IN E S R R . — O w n s fro m D e s M o in e s, Io w a , to
M a so n C it y , 120 m iles. T h is In clu d es the D e s M o in e s Io w a F a lls & N o r .,
Io w a F a lls to D e s M oin es, la ., take n ov e r A u g . 1 ’08. V . 87, p. 98. S t o c k
au th o riz ed , $2,500,000; o u tsta n d in g , $510,000: par, $100. B o n d s Issued.
$900,000 (a u th ., $2,400,000): Issu a b le a t $20,000 per m ile on c o n so lid a te d
prop e rty . V . 85, p. 161. F o r y e a r e n d in g J u n e 30 1909 (120 m ile s),
gross. $373,419; net, $66,423. I n 1907-08 (75 m iles), gross, $245,410;
net Incom e, $78,814; ln t., taxes, & c.. $75,162; b a l., su r., $3,652.
P re s.,
F . W . E sta b ro o k ; Sec., R . G . S m o c k .— (V . 88, p. 453.)
ST. P A U L E A S T E R N G R A N D T R U N K R Y .— ( S e e M a p C hicago & N . W . )
— O w n s fro m O c o n to to C lln to n v llle , W is ., 56 m iles. L e a se d O c t. 30 1884
for 99 y ea rs to M ilw a u k e e L a k e Sh o re & W e ste rn .
R e n t a l, 3 0 % of g ro s s
e a rn in gs, Interest on b o n d s b ein g gu a ran te e d .
L ease a cq u ire d A u g . 16
1893 b y C h ic a g o & N o r th W e s t, th ro u g h pu rch ase of M U w . L a k e S h . & W .
(TH E ) ST. P A U L U N IO N D E P O T C O . — O w n s U n io n P a sse n ge r S ta tio n *
w ith 9.24 m iles of track , the sto c k b e in g ow ned e q u a lly by:
G re a t N o rth e rn , N o rth e rn P acific, C h ic . S t . P a u l M in n . & O m a h a , C h ic .
M il. & S t. P a u l, C h ic. G re a t W e ste rn , C h ic . B u r l. & Q u in c y , M in n . S t .
P a u l & S . Ste. M a rie , M in n . & S t . L o u is a n d the C h ic . R . I . & P acific.
A u th o rize d sto c k , $1,000,000.
R e n t a l covers In tere st on b o n d s a n d
4 % o n sto c k since M a y 1 1901; fro m 1881 to M a y 1901 6 % d lv s . were p a id .
Y e a r e n d in g D ec. 31 1908, gross, $69,744; op. def., $152 526: ln t. on b o n d s,
$26,500; d lv s ., $37,296: ren tals, $5,063; net expenses. $221,385, p a id b y
te n an t road s. P res., W . L . D a r lin g ; V . - P . , S . C . S tlc k n e y ; Sec., W . G .
J o h n so n .— (V . 74, p. 1090.)
S A L T L A K E C IT Y U N IO N D E P O T & R R .— T o ow n u n io n d epot and
fac ilitie s a t S a lt L a k e C it y .
S to c k , $2,000,000, e q u a lly ow ned b y D e n v e r
& R io G ra n d e a n d W e ste rn P acific, w hich jo in t ly gu a ran tee b on d s, prln.
a n d ln t.
B o n d s are su b je ct to call a t 105 o n a n d a fter N o v . 1 1923. See
tab le a b ov e . V . 88, p. 232.
S A L T L A K E & LO S A N G E L E S R R .— R o a d fro m S a lt L a k e to S a lt a lr
B e ac h , U ta h , 15 m iles, sta n d a rd ga u ge — see V . 65, p. 824. S to c k , $300.­
000, w a s ow ned D ec. 1906 b y J. E . L a n g fo r d a n d Jo se p h N e lso n of S a lt
L a k e C ity .
A new b o n d Issue (d eta ils n ot given ) Is reported to h ave been
m ad e In 1907 In place of the $300,000 6s of 1893.
Y e a r e n d in g Jun e 30
1908, gross, $93,530; In 1906-07, $106,357.— (V . 83, p. 1472.)
S A L T L A K E & A 1E R C U R R R .— F a irfie ld to M e rcn r, 1 2 H m . S t o c k :
$300,000; par, $100. B o n d s, see table.
Y e a r end. June 30 1907, gross)
$52,925; net, $22,839. Pres., L . L . N u n n , T e llu rld e , C o l.— (V . 79, p. 1024.
SA N A N T O N IO & A R A N S A S P A S S R Y .— O w n s from K e r r v llle to H o u s ­
ton, 308 m iles; K e n e d y to C o rp u s C h rlstl, T e x ., 90 m .; Y o a k u m to W a c o ,
171 m iles; S k id m o re to A lice, 43 m iles; S h in e r to L o c k h a r t, 54 m iles;
G re g o ry to R o c k p o r t, 21 m iles; A lice to F a lfu rria s, 36 m iles; to ta l, Jun e 30
1908, 723 m iles— 129 m . 70-lb. a n d 594 m . 50-lb. steel.
B O N D S . — M o r tg a g e Is fo r $21,600,000 (trustee. C e n tra l T r u s t C o .), a n d
the S o u . P a c . C o., b y en d orsem e n t on each bon d , gu a ran tees u n c o n d itio n ­
a lly “ the p u n c tu a l p a y m e n t of the p rin cip a l a n a In tere st.”
B o n d s fo r
$2,700,000 reserved for exten sion s, lim ite d to 100 m iles a t $27,000 per
m ile, e qu ippe d. See fu ll a b stra c t of m tge . In V . 56, p. 540. C a r tru sts
Ju n e 30 1908, $67,765. N o te s held b y S o u th e rn P a cific Co. J u n e 30 1908,
$3,898,000, due J u ly 1 1920, b e a rin g Interest (n o n -cu m u la tlv e ) a t su ch rate,
n ot over 4 % , a s net e a rn in gs over bette rm en ts m a y suffice to p a y ; to ta l
b ills p a y a b le J u n e 30 1908, $5,098,000. V . 81, p. 1733.
I n 1903-04 (u n d er order of the T e x a s R a ilr o a d C o m m issio n ) canceled
$1,356,000 of the o u tsta n d in g $t8,900,000 b o n d s, reduced the sto c k to
$1,000,000, a n d separate d the m a n a ge m e n t fro m the S o u th e r n P a c ific .
V . 77. p. 90. 148, 401, 452, 2340; V . 78, p. 2600; V . 82, p. 453
E A R N I N G S . — 12 m o s . , 11908-09____G ro ss, $3,767,654; net, $1,102,783
J u ly 1 to Ju n e 30.
(1 90 7-08____G ro ss, 3,157,928; net,
928,907
A N N U A L R E P O R T . — F o r y e a r e n d in g J u n e 30 1908, gross, $3,157,929;
net, $790,009; other incom e, $21,377; charges, $929,268; lm p ts., $45,740;
b alance, deficit, $163,622. I n 1906-07, gross, $3,666,419; net, $1,604,523
P res., W . H . M c In t y r e , N e w Y o r k ; Sec., J. W . T e r r y .— (V . 82, p. 453.)
SA N D IE G O & C U Y A M A C A R Y .— V . 89, p. 779.
SA N P E D R O LO S A N G E L E S & S A L T L A K E R Y .— ( S e e M a p U n ion
P a c ific .)— F r o m S a lt L a k e C it y , U ta h , to S a n Ped ro, on the P a c ific C o a s t,
806 m . of m a in line, w ith b ran ches, a g g r e g a t in g In a ll 1,060 m .; fro m D a g ­
ge tt to R iv e rs id e , 90 m .. Is tra ck a g e ov e r A . T . & S . F e .
H a s ste a m sh ip
connection v ia H a w a iia n Is la n d s to C h in a , J a p a n a n d M a n ila .
V . 81. p.
1551; V . 82, p. 1323.
O n J u ly 7 1903 p u rch ased p o rtio n of O re go n S h o r t L in e (U n . P a c . s y s t .) ,
fo r m in g p a rt of the roa d a b o v e sh o w n , the Ore. S h o r t L in e a c q u ir in g a h a lf
In tere st In the prop e rty . T h e S a lt L a k e C it y te rm in a ls are leased for 90
years.
V . 76, p. 920, 1193, 1356; V . 77, p. 38, 148, 695; V . 78, p. 1393
V . 79, p. 1024. I a s V e g a s & T o n o p a h R R . , a llie d ro a d . L a s V e g a s , N e v .J

124

RAILWAY" STOCKS AND BONDS.
R A IL R O A D S

F o r exp la n a tion o f colum n headings, & c , see notes
on first p a ge o f tables

M ile s
of
R oad

D ate
of
R onds

S iz e, or
Par
V a lu e

I N T E R E S T OR D I V I D E N D S
A m oun t
O utstanding

44 1808
$1,000
$600,000
S c h u y lk ill & L e h ig h — F ir s t m tge g u a r b y R e a d in g C o
_
_
____
50
576,050
S c h u y lk ill V a lle y N a v ig a tio n & R R — S t o c k ...............
Sen hoard A ir Lin e R v — R e c Ctfs A A B . called for p a y t N o v 6 1908-9
7,510,000
F ir s t M g to be su b j to ca ll (see t e x t )____C o B a . c A r
A ll
1900 1,000 A c 12.775,000
C o ll tru st ref M g red a t 105 ( V 70, p 8 4 2 )— C e .c*
1,000 10,000,000
1901
192 1903
A t la n t a - B lr m D iv is io n first m tge $10,000,000 . K .c *
1.000
5,760,000
1904
1,000
T h re e -y e a r coll tru st $5,000,000 g ex t In 1907------ N
4,651,000
_ 1007
1,000
G e n m tg e A coll tru st $18,000,000 g red p a r . - M o , c *
6,345,000
66 1904
1,000
718,000
1907
700,000
1897
135,000
_ _ _ 1902
__
E q u l p m ’t t ru st due q u a rte rly Se r B ( V 74, p 380) 1,000
158,000
_
_
1903
E q u ip m e n t m o rtg a g e g o ld S e r C due q u a r te r ly -G .c *
1,000
605,000
1904
do
do
g o ld S e r D due $32,000 s - a _ .
1,000
320,000
do
do
g o ld S e r E d u e $25,000 s-a . .
1905
1,000
275,000
_
_
do
do
g o ld S e r F d ue $51,000 s - a —
1,000
1905
663,000
do
do
g o ld S e r G d u e $88,000 s - a . N
1906
1,000
1,232,000
do
do
g o ld Se r H due $26,000 s - a . N
1,000
1906
364,000
do
do
g o id S e r X d ue $65,000 s - a . P I P
1,000
1907
975,000
do
do
g o ld S e r J du e $45,000 s - a _
_
1007
1,000
720,000
do
do
g o ld S e r K gu due$15,000s-a.c*
1,000
1907
255,000
C a ro lin a C e n tra l 1st co ns M g o ld g u a r p A 1 (e n d)_F
267 1899
1,000
3.000,000
D u r h a m A N o rth e rn first m o rtg a g e $150,000.;M eBa
42 1888
*100,000
R o a n o k e A T a r R iv e r $260,000_____________ M e B a
32 1887
•55,000
F lo r id a C e n t A P e n ln 1st M ($5,226 p m ) g o ld .C e .c *
575 1888
1,000
3,000,000
S e c o n d M (1st on ext, 02 m ) $5,226 p m g . M p . c *
1,000
666 1800
410,000
C o n so l m tge $7,800,000 ($10,000 p m) g o ld _ _ G .c *
780 1893
1,000
4,372,000
S o u t h B o u n d 1st M go ld Interest re n ta l. .M e B a .c *
1,000
136 1891
2,033,000
G e o rg ia A A la 1st M cons $6,185,000 g o l d - . B B a . c *
1,000
400 1895
6,085,000
G a A A la T e rm C o 1st M callable a t 1 10 g u a r p A I . .
1808
1,000,000
G e o rg ia C a ro lin a A N o r th 1st M g o ld g u a r . - M e B a . c *
1,000
268 1889
5,360,000
R a le ig h A A u g u s t a first m o rtg a g e . _____
..
1,000
107 1886
1,000,000
1,000
R A G first m o rtg a g e $1,500,000 g o ld _____M e B a .c
1807
1,200,000
1,000
S A U first m o rtg a g e $2,500,000______M e B a . c 'A r
2,500,000
81 1886
1886
100 A c
D e b e n tu re $690,000 to be secured b y a n y 2d M . . r
*285,000
O ld L o a n s e x c lu d in g (*) a m o u n ts pledged u nder consol d ated m o rtgage
N ew S e c u r i t i e s t o R e A u t h o r i z e d t i n d e r A d j u s t . Plat,
A d ju s t m e n t M ( 5 % cu m in t) $25,000,000 red p a r . .

[V O L . L X X X IX .

24,979,500

R ate
%

W hen
P a yable

4
5
5
4
5
4
5
5
5

W here P a y a b le, and by
W hom

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5 g
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5 g
J
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U p to 5 %

R on d s— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d
M a y 1 1948
J ly 14 '09 2 M %
N O V 6 1009
A p r 1 1950
M a y 1 1911
M a y 1 1933
M a y 1 1911
F e b 11 9 3 7
J a n 1 1934
A u g 1 1909
T o lN o v 1917
Feb ’ 10-Feb ’12
J u l y ’OO -Apr ’13
D ec ’09 -Jun e’14
A p r ’ 0 -A p r '15
D e c ’0 9 - D e c ’15
D e c 'OO-June’16
M c h '1 0 -S e p ’16
M a y ’1 0 - M a y ’17
D e c 'OO-June’17
J an ’ 10 J u ly ’17
J an 1 1949
N o v 11 028
1917
J u ly 1 1918
J a n 1 1930
J a n 1 1043
A p r 1 1941
O c t 1 1045
D e c 1 1048
J u ly 1 1929
J a n 1 1026
J a n 1 1947
J u ly 1 1026
A fte r J u ly 1016

40 years

to G o ldfield, 107 m ., co m plete d N o v . 1007, w hence track ag e to T o n o p a h ,
o r secured u n d e r o p tio n , the $1,240,000 5 % b o n d s ($1,840,000 a u tli. Issue)
28 m iles.
V . 81, p. 1175. O n A p r il 15 1007 00-year tra ffic agreem ent
b e in g gu a r., p rln. a n d In t. V . 84, p. 104, 451.
A lso co n tro ls the B a lt.
w ith S o u th e rn P a cific w a s canceled/. V . 84, p. 1308.
S te a m P a c k e t Co. a n d a s u b s ta n tia l In tere st In the O ld D o m in io n S S . Co.
S t o c k a u tho rized , 525,000,000: p a r, $100: a ll Issu e d, held In v o t in g tru st
I n J u n e 1900 a m a jo r ity of the sto c k of the Chesterfield A L a n c a s te r R y . ,
to r 5 y e a rs (from 1003) b y F a r m e r s’ L o a n A T r u s t Co. In Joint Interest of C h eraw , S . C., to P a g e la n d , 38 m iles, w a s a cq u ire d . V . 80, p. 43.
U n io n P ac. a n d VVm. A . C la rk .
G o v t , s u it to set a sid e co ntrol b y U . P .,
O R G A N I Z A T I O N . — A n a m a lg a m a t io n In 1000 of “ S e a b o a r d ” lin es.
In
V . 86, p. 286.
Se p t. 1909 live su b sid ia rie s, a g g r e g a t in g 387 m iles. In c lu d in g the A t la n t a A
B O N D S . — O f the 4s of 1003, $40,000,000 were so ld J u ly 1007, $20,000.­
B ir m in g h a m A ir L in e , F lo r id a W e s t Sho re R y . , A c., were m erged. V . 89,
000 b e in g ow n e d b y O re go n S h o r t Lin e: b a la n ce fo r fu tu re requ irem en ts.
p. 994. I n J u ly 1007 ov e r 82
of sto c k had been ex ch a n ge d for sto c k of
V . 77. p. 30, 00. T h e sto c k h o ld e rs w ill vote D ec. 21 on a u th o riz in g a n ew
the Se a b o a rd Co. (w hich see ab o v e ) per p la n V . 80, p. 164, 601, 552, 1072.
m tge . to secure $60,000,000 b o n d s d a te d J u ly 1 1000 a n d p r o v id in g fo r the
R e c e iv e rs were a p p o in te d In J an . 1008, b u t have been d isch arge d a n d the
d isch a rge of the m tge . of 1003, a n d retirem e n t of b o n d s Issu e d thereunder.
c o m p a n y w ill resum e possession a b o u t N o v . 4 1000, the ro a d b e in g r e o rg a n ­
D u e U n io n P acific Ju n e 30 1000, $3,000,372.
ized w ith o u t foreclosure per p la n V . 89, p. 43— see below .
E A R N I N G S . — 12 m o s . J 1008-00___ G ross. $7,450,461; net, $2,481,012
T h e receivers p a id the J a n . 1908 co u pon s on M a rc h 23 1008. C o u p o n s
J u ly 1 to Jun e 30.
(1 0 0 7 -0 8 ___ G ro ss, 7,518,511: net, 1,534,134
due M a rc h 1 to O c t. 1 1000 o n b o n d s (except as noted In tab le a b ov e ) h ave
R E P O R T . — F o r y e a r e n d in g Ju n e 30 1008, gro ss, $7,518,512; net,
been p a id w he n due.
$1,520,404; oth er In com e, $14,028; in t., tax es, A c., $2,371,281; b a l.,
T h e overdue co u pon s of A p r il 1908 to O c t. 1909 In clu siv e on tho first 4s
def., $835,850.
I n 1006-07, gross, $6,761,050; net, $2,107,404.
of 1900 w ill be cashed on d e p o sit of the b o n d s u nder the re a d ju stm e n t plan .
Pres., VV. A . C la rk : Sec., J. H . H a rriso n ; T re as., W . H . L eetc.— (V . 84,
V . 89, p. 16 4. 666.
p. 1308; V . 85, p. 705; V . 86, p. 286; V . 88, p. 565.)
I n 1008 $3,260,000 6 % receivers’ certificates, series A a n d B , were Issued,
S A N T A F E P R E S C O T T & P H O E N I X R Y . — (See M a p A tch ison T op ek a
redeem able a fter 6 m o n th s a n d h a v in g a lien a head of the first 4s. V . 86,
& Santa F e . ) — O w n s A sh F o r k , v ia P re sco tt, to P h o e n ix , A rlz ., 105.4 m .,
p. 1044, 1285, 1500; V . 80, p. 164. I n D ec. 1908, $4,250,000 series C, 5 %
opened In M a rc h 1805; bran ches, 114 m . P . & E . Jet. to M a y e r , A rlz., 26.4
certs, were sold. See V . 87, p. 1480, 1605: V . 88, p. 54; V . 80, p. 164.
m ., b u ilt under charter of Pres. & E a s t. , Is le ased for 00 years a n d Its $375.­
G eneral R eorganization c o m m itte e .— C . S id n e y S h e p ard , C h a irm a n , Jam e s
000 b o n d s gu a r. T h e ro a d Is ta x -e x e m p t b y le g isla tiv e en a ctm en t for 20
A . B la ir , H a r r y B ro n n e r, R u s s e ll G . Fessen den , T h o m a s J. H a y w a r d ,
y ea rs from 1801. T h e A tc h . T o p . A S . F e took possession N o v . 8 1001, h a v ­
H e n n e n J e n n in g s, H e n r y C le v e la n d P e rk in s, J o h n B . R a m s a y , N o r m a n B .
i n g a cq u ire d $2,063,000 of the 2d m tge . b o n d s a n d a ll of the $7,003,000
R e a m , W illia m A . R e a d , T h o s. F . R y a n , E r n s t T h a lm a n n , G eorge W .
sto c k , a n d the roa d h as been operated a s a p a rt of the sy ste m sin ce J u ly 1 ’06.
W a t t s , Joh n S k e lto n W illia m s ; D . C. P o rte u s, Sec., 24 B r o a d S t ., N . Y .
— (V . 73. p. 781. 844, 000, 954; V . 75, p. 667; V . 77, p. 00.)
D ep osita rie s: M o r to n T r u s t C o ., N e w Y o r k , N . Y .; T h e C o n tin e n ta l
T r u s t C o ., B a ltim o r e , M d .; A m e r ic a n T r u s t C o., B o sto n , M a ss.; B a n k of
S A N T A F E L I B E R A L & E N G L E W O O D R R . S e e pa ge 171,
R ic h m o n d , R ic h m o n d , V a .
V . 86, p. 082; V . 88, p. 1002; V . 89, p. 43.
S A N T A F E R A T O N & D E S M O I N E S R R . — See p a ge 171.
A d ju stm en t P la n .— T h e a d ju stm e n t p lan Issu e d b y the general re o rg an i­
S A N T A F E R A T O N & E A S T E R N R R . — See p a ge 171.
z a tio n co m m ittee, d ate d J u ly 1 1900 (give n In V . 80, p. 43) prov id e s (1) for
the retirem e n t of the $6,345,000 general m o rtg a ge 5s o f 1007 b y exchan ge,
S A R A T O G A & S C H E N E C T A D Y R R . — {S ee M a p D el. & H u d s o n .)—
$ fo r $, for 5 % c u m u la tiv e In tere st (Incom e) a d ju stm e n t b o n d s (ra n k in g
S a r a t o g a to Sc h e n e cta d y , 21 ra. L e a se d In p e rp e tu ity In 1861 to Ren s. A
n ext a fte r the new re fu n d in g b onds) b o th fo r p rin cip a l a n d In tere st d ue to
S a r a t o g a a n d lease a ssign e d to D e l. A H u d s o n , b y w hich It Is operated.
A u g . 1 1900, ca llin g for $6,070,500 a d ju stm e n t b on d s In all; (2) the re m a in ­
R e n ta l, $31,750 per year. S to c k , $450,000. D iv id e n d s , 7 % ye a rly , pa id
in g b o n d s a n d the stoc k are to be u n d istu rb e d , excep t t h a t the holders of
J a n . a n d J u ly 15 a t T r o y , N . Y .
the first m o rtg a ge b o n d s of 1000 are to h a v e their b o n d s sta m p e d subject
S A U L T S T E . M A R I E B R I D G E . — O w n s S a u lt Ste . M a rie B rid ge , In c lu d ­
to call on a n y In tere st d a y .
I f the la tte r consent, It Is expected the plan
in g 6,421 feet of m a in track . T h e C a n . P a c ., D u l. S o . Sho re A A tl. an d
can be carried o u t w ith o u t foreclosure o r the o rga n iza tio n of a new c o m p a n y .
M in n . S t. P . A S . Ste. M a rie R R . cos. agree to p a y for use of brid ge an
T h e p la n w a s declared ope rative In Se p t. 1009; o v e r 9 2 % of the 1st m tge .
a m o u n t e q u a l to o p e ra tin g expen ses a n d In tere st a n d s. f . of debt.
B o n d s a n d 9 9 % of the gen. m tge . b o n d s h a v in g asse n te d . V . 89, p. 666.
a u th o riz e d , $1,000,000; s. f., $5,500 y e a rly . S to c k , $1,000,000.
(3) T o pro v id e the cash requ irem en ts of the p lan . In c lu d in g the p a y m e n t
S A V A N N A H A U G U S T A & N O R T H E R N — See pa ge 171.
of the $7,510,000 receivers’ certificates, $700,000 6 % notes a n d Interest,
three co u p o n s o n first m o rtg age bon d s, flo a tin g d ebt, A c., a sy n d ic a te h as
S A V A N N A H U N I O N S T A T I O N C O . — O w n s u n ion p a ss, sta tio n a n d ter­
u n d erw ritten $18,000,000 of tho a d ju stm e n t b o n d s a t 70 less c o m m issio n ,
m in a l a t S a v a n n a h , G a., w ith 8 m . of track .
L e a se d b y the So u th e rn R y .,
S to ck h o ld e rs were ottered the r ig h t to p u rch ase tho b o n d s a t 70 to the e x ­
S a v . F la . & W e s t, (now A tl. C o a s t L in e R R . ) a n d Se a b o a rd A. L . R y .,
te n t of 3 0 % of their h o ld in gs, p a ya b le $150 per b o n d O c t. 15 a n d $550
w h ic h ow n the $300,000 stock, the re n tal p r o v id in g for Interest and s. f. on
O c t. 30 1900.
b o n d s, m ain te n an ce , A c.
P res., J. R . K c n ly ; T re as., S a v a n n a h T r. Co.;
(4) T h e fu tu re d e v e lop m e n t of the p ro p e rty a n d the r e fu n d in g of e x istin g
Sec., W . V . D a v is . — (V . 71. p. 343; V . 74, p. 1030, 1253.)
b o n d s Is to be pro v id e d b y a 4 % re fu n d in g m o rtg a ge lim ite d to $125,000,­
S A V A N N A H & S T A T E S B O R O R Y , — O w n s C u y le r to State sb o ro , G a.,
000, b u t none of these. It Is expected, w ill be Issu e d u n til a fte r c o m p ictlo n
32.6 m .; track age, C u y le r to S a v a n n a h , 20 m .
V . 70, p. 2148. Sto c k ,
of the reorgan iza tion .
$200,000, a ll o u tsta n d in g .
H a s traffic co n tra ct w ith Se a b oa rd A . L .,
A s pro p o se d b y the p lan , 5 road s, w hose sto c k w a s s u b s ta n tia lly a ll ow ned
w h ic h gu a r, b o n d s b y endorsem ent, p rln . a n d lnt.; S a v a n n a h T r. Co ., tr u s­
(n o t In c lu d in g the M a c o n D u b lin A S a v a n n a h ) , were m erged Se p t. 20 a n d
tee, V . 75, p. 1303; V . 77, p. 605. F o rm of gu a r a n ty , V . 81, p. 614. Y e a r
30 1009. T h e p la n reduces the fixed Interest charge s of the proposed e n ­
e n d in g J u n e 30 1007, gross, $55,817; net, $10,364; ln t. on bon d s, A c.,
la rge d sy ste m before a n y of the re fu n d in g b o n d s arc Issued fro m $4,261,775
$10,057; ba l., sur., $8,407. Pres, a n d T re as., J. R a n d o lp h A n de rson ,
to $3,288,710, the a m o u n t a p p lica b le to In tere st charges for the ye a r e n d in g
S a v a n n a h : Sec., J. A . B ra n n e n .
Office, State sb o ro , G a .— (V . 83, p. 070.)
June 30 1909 (one m o n th estim ate d ) b e in g $4,750,775.
T h e a d ju stm e n t m o rtg age b on d s (Issue lim ite d to $25,000,000) are to be
S C H U Y L K I L L & J U N I A T A R R . — See P e n n sy lv a n ia R R .
en titled to cu m u la tiv e Interest a n d to be redeem able a t p a r a n d a ll u n p a id
S C H U Y L K I L L & L E H I G H R R . — O w n s from H i g h ’s F a r m , near R e a d in g ,
P a ., to S la tln g to n , P a ., 46.0 m .; to ta l track , 56.71 m . I n 1883 leased to c u m u la tiv e Interest on a n y In tere st date, their lien to be Im m e d ia te ly s u b ­
sequ en t to the new re fu n d in g b on d s. N o d iv id e n d s are to be p a id on the
P h lla . & R e a d , for 090 years.
R e n ta l, $27,000 y e a rly a n d taxes.
R e a d in g
Co. ow n s stock $600,000). of w hich $508,000 u nder Its gen. m tge . of 1897. sto c k u n til arrearages of In tere st o n the b o n d s are p a id In fu ll.
F i f ty - Y e a r 4 % R efu n d in g R onds L im ited to $125,000,000.
S C H U Y L K I L L V A L L E Y N A V I G A T I O N & R R . — P o rt C a rb o n to Reeves(T o be redeem able a t 105 a n d In tere st on a n y In te re st-p a ym e n t datc.|
dale. P a ., 11 m .; 2d track , 5 m .; bran ches, & c., 11.62 m .; total track. 28 m.
(a) A m o u n t s to be set asid e, a g g r e g a t in g $75,000,000, viz.:
Leased J u ly 25 1861 for 000 years to P h lla . A R e a d .
R e n ta l $20,450,
T o retire u n d e rly in g d iv isio n a l b on d s ($30,400,000); first
w h ic h p a y s 5 % on sto c k a n d S ta te taxes.
m o rtg age 4s ($12,775,000); 3 -y e a r 5s a n d 10-year 5s ($14,­
S E A B O A R D C O M P A N Y . — U n d e r the a d ju stm e n t p lan o f the S e a b o a rd
651,000), a n d equip, tru st o b llg . (a b o u t $6,000,000)..........$63,826,000
A i r L in e R y . the holders of the sto c k of the Se a b o a rd C o m p a n y (com m on ,
4,000,000
F o r d o u b le -tra c k in g, re d u cin g grad es, re v isin g lines, A c .......
$28,545,775, first preferred, $6,360,600, a n d second pref., $15,083,650; par,
T o a id In re tirin g S e a b o a rd co llateral tru st a n d first m o rtg age
$100) were offered the r ig h t to su b scrib e pro r a ta to the e x te n t of 3 0 % of
b onds; a n d fo r b etterm en ts, A c., b u t o n ly u p o n requ e st of
th e ir h o ld in g s a t 70, p a y a b le In O ct. 1909, for 5 % a d ju stm e n t Incom e b o n d s
b oa rd of directors, b y th re e -fo u rth s’ v o te ........................
2 ,750,000
of t h a t co. I n J u ly 1907 over 82 l % of the S e a b o a rd A . L . stock h a d been
A
F o r b etterm ents. Im p ro v e m e n ts, A c ...............__...................
4,424,000
a cq u ire d In ex ch a n ge for sto c k of S e a b o a rd C o .— (V . 80, p. 43.)
(ft) T o be Issu a b le u n d er restriction s In m ortgage , $50,000,000, viz.:
S E A B O A R D A I R L I N E R Y . — T h is co m p a n y ow n s a lin e fro m R ich m o n d ,
T o p ro v id e for the d evelop m en t of the p rope rty, the a c q u isitio n of a d d i­
V a ., to A tla n ta , G a ., a n d T a m p a , F la ., & c ., viz.:
tio n al lines, e q u ip m e n t a n d oth er p rope rty, for Im p ro v e m e n ts, a n d for
L in es owned in fee —
M iles. L in es owned in fee (co n c l.)
M ile s .
the a c q u isitio n o r retirem ent of b on d s of su b s id ia r y lines, a n d to take
R ic h m o n d ,V a ., to S a v a n n a h , G a .5 0 2 S a v a n n a h , G a ., to T a m p a , C e dar
u p a n y o f the $5,500,000 a d d itio n a l first m o rtg a g e 4 % b o n d s w h ic h
W ilm in g t o n , N . C ., to A tla n ta ,
K e y s , Ch attah oo ch ee R iv e r,
m a y be Issued.
B u t to be certified o n ly a t a n av e rage rate n o t exceed­
G a ............................... . .........437
A c ..........................................806
in g $2,750,000 In each year.
<
1
A t la n t a & B lrm . A ir L in e ,
O th er li n e s _____________________506
N o te .— T h e c o m p a n y Is to pledge u n d er the re fu n d in g m o rtg age , a s a d d i­
H o w e lls, G a., to B lr m ln g •
P ro p rieta ry L in es—
tio n al se cu rity , a ll of the $21,500,000 first m o rtg a ge 4s now held a s se cu rity
ham ,
A la .
(In c lu d in g
34
P o rtsm o u th , V a .,to \V e ld o n ,N .C .
81
for the tw o Issues of coll, tru st 5s, due M a y 1011; a lso the $5,500,000 first
216 S ta rk e to Su w a n ee R iv e r, F l a . .
m ile s b ra n c h e s )____________
58
m o rtg age 4s w hich arc n ow In the tre asu ry o r pledged for flo a tin g debt.
It
S a v a n n a h , G a., to M o n tg o m e ry ,
S ta te L in e to L e w isto n , N . C _
_
32
Is in te n de d th a t the $5,500,000 a d d itio n a l first m tge . 4s w hich the c o m p a n y
A la . (58 m iles track age d e­
Trackage ____________________
63
Is en titled to receive from the trustee u p to a n d In c lu d in g the y e a r 1013 sh all
ducted ) ______________________ 280
also be u ltim a te ly pledged u n d er the refund, m tge . T h e refund, m tge . w ill
T o ta l sys. (see V .7 4 , p .7 7 3 )..2,085
forb id the Issue of a n y first m tge. 4s asid e fro m this $5,500,000.
T h e p ro p rie ta ry lines Include: R o a n o k e A T a r R iv e r R R . (stock a ll
T h e fo lio w in g b on d s, w hich w ill be released b y p a y m e n t of flo a tin g d ebt
ow n e d), 32 m .; Se a b o a rd & R o a n o k e R R . (all of stoc k ow ned), 81 m .; A tl.
o r of b o n d s to secure w hich th e y are held, are to be pled ged u n d er the
Su w a n e e R lv . A G u lf R R . , 58 in. (sto ck a ll ow ned); G e o rg ia A A la . T e rm in a l
refund, m tge ., o r canceled In case of m erger w ith Se a b o a rd : A t l. A B lrm .
Co ., o p e ra tin g 8 m . of track.
A ir L in e R y . second 5s, $2,000,000: C a t a w b a V a lle y R y . first 5s, $250,000;
A lso ow n s a 1-6 In tere st In the R ic h m o n d -W a s h in g to n Co., c o n tro llin g the
T a llah asse e P e rry A Sou th e aste rn R y . first 5s, $315,000 A t la n t ic Su w a n e e
roa d from R ic h m o n d , V a ., to W a sh in g to n , D . C. (V . 73, p. 843), an d under
R iv e r A G u lf R y . first 5s, $448,000. T h e fo llo w in g b o n d s when re eased
traffic agreem en t w ith the P enn. R R . m a in ta in s th ro u gh car service between
are to be held In the tre asu ry for general purposes; A t l. A B lr m . A ir L in e
N.
Y . , P h lla ., W a s h in g t o n a n d the S o u th .
I n J an . 1907 the entire stock of R y . first 4s, $150,000 (o u t of $5,910,000 Issu e d); F lo r id a A W e s t Sh o re R y .
th e M a c o n D u b lin & S a v a n n a h , M a c o n to V Id a lla , G a., 03 m ., w as acqu ired
first 5s, $38,000 (o u t of $755,000 Issu e d).




R A IL R O A D S
F o r exp la n a tion o f colu m n headings, & c, see notes
on first page o f tables

M ile s
of
R oad

31
S h a m o k in S u n b u ry & L e w is b u r g — F ir s t m t g e . . c * & r
31
2d M g o ld . - ......... .................... .............. ........ - . c
38
S h a m o k in V a lle y & P o tt sv ille — S t o c k g u a r b y N o r Cen
38
F ir s t M $2,000,000 g o ld sin k fu n d (not d r a w n ) . . c *
_
_
S h a n n o n & A r iz — 1st M red co nv (V . 88, p. 1026)-----33
S h a ro n — S t o c k ($1,600,000) 6 % g u a r b y r e n t a l_____F
16
S h a ro n first m o rtg a ge gold (S h a ro n to P y m a t , & c ) . F
17
N e w C a stle & S h c n a n g o V a lle y — F ir s t m tge ln t gu a r
S h re ve p o rt B rid g e & T e rm in a l— See S t L o u is So u th w e stern
77
Sierra R a ilw a y (of C a lifo r n ia )— F ir s t m o rtg a g e g o ld . .
77
Se c o n d m o rtg age $860,000 g o ld --------- -------- ---------Y o se m lte S h o rt L in e 1st M $875,000 go ld g u a r p & 1
S ilv e r S p r in g O c ala & G u lf— See A tla n tic C o a st L in e R R ' "
5
S k a n e a te le s R R — F irst m o r tg a g e $100,000 g o l d - . U s m
42
So m e rse t R a ilw a y — F ir s t m o r tg a g e --------------------------c
42
C o n so lid a te d m o rtg a g e $420,000 g o ld -------------------04
F ir s t a n d re fu n d in g m o rtg a ge $1,500,000 g o l d - . A B
N o te s $1,500,000 gu a ran te e d .p rin c ip a l a n d Interest
10
S o u th C a ro lin a P a c ific — F ir st m tge cur Interest rental
103
S o u th D a k C e n t— 1st M $1,000,000 red 105 b eg ’1 7 .A C
102
S o u th P a c ific C o a s t — F irst m tge go ld gu (s f 1912) -F .c
_
_
S o u th G e o r g ia — -M o rtga ge $250,000 g ----------------189
So & N o A la — 2d M g $2,000,000 (ow ned b y L & N ) _ .
189
C o n so l m o rtg a ge (for $10,000,000) go ld g u a r .- C e .c *
189
Im p r o v ’t mtpre $2,000,000 go ld (ow ned b y L & N )
4.64
So u th e rn Illin o is & M o B r — 1st M $ 3 ,000,000 g . M c . c *
S o u th In d ia n a — R e c certs $700,000 red a fter 1 year
228
F ir s t m o rtg a g e g o ld (see t e x t )---------------------- G P .c *
228
C h ic a g o S o u co u pon notes g o ld g u a r p & 1 . . . . . . G P
114
C h ic a g o S o u M $5,500,000 g red 102 V. g u p & l . G P
So u th e rn P a c ific C o m p a n y — S t o c k ($300,000,000) —
C o ll t ru st M g o ld subject to call a t p a r . . . _ U n . c * & r
S te a m s h ip first m o rtg a ge b o n d s Series A $3,000,000
C o ll t ru st M $30,000,000 g red p a r since 19 07 .C e .c ’
C o n v b o n d s $82,000,000 go ld red t e x t ........x c ’ & r*
G o ld b o n d s $100,000,000 a u th red 105bcgJ’l y ’12 Q x

_
_
...
__
...

D ate
of
B on ds

$3,705,106
$3,743,602
$3,715,595
600,500
113,380

A m ou n t
O utstanding

R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B on d s— P r in c i­
pa l, W hen D u e
Stocks— Last
D ivid en d

1882
1890
___
1901
1909
____
1889
1887

$1,000
1,000
50
1,000
1,000
50
1,000
1,000

$1,000,000
1,000,000
869,450
2.000,000
600,000
882,150
164,000
250,000

5
M
J
6 g
6
F
3H g J
6
M
6
M
4M g J
J
6 g

1897
1904
1905

1,000
1,000
100

1,239,000
633,000
See text

A 12 & O C ro ck e r N a t io n a l B a n k A p r 12 1937
6 g
do
do
M 15 & S
S e p t 15 1944
5 g
do
do
S e p t 1 1945
&
S
4H g M

1898
1887
1900
1905
1007
1884
1907
1887
1903
1880
1886
1904
1901
1908
1901
1006
1905
1906
1907

1,000
500 & c
500 & c
1,000
1,000
100 & c

1899
1891
1905
1909
1909

1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &C
1,000
100
500 & c
1,000
1,000 & c
1,000

S T O C K . — A u tho rized , $75,000,000, of w h ic h $25,000,000 pref.; o u t ­
st a n d in g J u ly 1909, com ., $37,019,400. a n d pref., $23,894,100. P a r , $100.
T h e A tla n t a & B irm in g h a m d iv isio n 4s of 1903 ($10,000,000 au th o riz ed ,
Issue) are secured on the line from H o w e ll’s Jet., G a., to B ir m in g h a m , A la .,
164 m ., w ith branches, 34 m . V . 76. p. 1302; V . 77, p. 647; V . 81, p. 1850.
T h e coll. tr. 5s of 1904 are secured b y a lien o n $20,000,000 of 1st m tge .
b o n d s (subject to 5 of 1901) a n d on v a rio u s se curities, a n d b y direct
d eposit of certain securities ow ned (see list V . 78, p. 821) a n d a general
m tge. on a ll other p ro p e rty other th a n securities sp e c ia lly excepted.
V . 78,
p. 104, 229, 989; V . 84, p. 340. S c a b . & R o a . car tru sts, $266,050.
G U A R A N T I E S . — T h e S a v a n n a h & State sb oro, F lo r id a W e st S h o re a n d
M a c o n D u b lin & S a v a n n a h b o n d s ($185,000, $712,000 a n d $1,240,000 re­
sp e ctive ly ) are guar. p. & 1.; a lso R ic h m o n d -W a s h . Co. b on d s, jo in t ly a n d
se ve rally w ith 5 other cos. V . 77, p. 647, 648: V . 79, p. 2148.
L A T E S T E A R N I N G S . — 11909.......... G r o s s , $2,550,206; n e t, $745,014
2 m o s., J u ly 1 to A u g . 3 1 ./1 9 0 8 ........... G ross, 2,246,987; net, 522,663
R E P O R T . — F isc a l ye a r e n d s Ju n e 30. R e o p r t fo r 1908-09, V . 89, p. 840,
sh ow ed re su lts o n 2,603 m iles a s below . C o m p a r iso n s w ith 1906-07 arc
s lig h t ly In acc u rate .
(R e s u lts for entire sy ste m (In c lu d in g A tl. & B lrm .
A . L . R y . , F la . W e s t Shore, T a llah asse e P e rry & So u th e aste rn , P la n t C it y
A rc a d ia & G u lf a n d C a t a w b a V a lle y , 2,991 m iles) were: G ross, $18,338,­
874; net, $5,561,250: o th e r Incom e, $127,146; charges, $5,113,435; b al.,
su r., $574,961.
Y ea r en d in g J u n e 3 0 —
1908-09.
1907-08.
1906-07.
T o t a l o p e ra tin g re ve n u e s___________ $16,451,677 $15,675,449 $16,405,379
11,970,343
12,585,784
O p e ra tin g ex p en ses........................... 11,446,032
N e t o p e ra tin g re ve n u e s......... ......... $5,005,645
T o t a l net In c o m e .............................. $5,161,672
In te re st o n b o n d s, & c _______________ $3,016,280
623,935
T a x e s ----------------------------------------------R e n t s , & c ............................
133,270

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

$3,819,595
$3,855,699
$3,386,602
514,008
413,390

100,000
5
225,000
5
172,500
4 g
864,000
4 g
5
1,500,000
6
104,600
750,000
5 g
5,500,000
4 g
250,000
5 g
2,000,000
6 g
8,000,000
5 g
1,920,000
5 g
3,000,000
4 g
6
382,000
7,537,000
4 g
3,212,000
5 e
715,000
5 g
3,285,000
1,000,000
272,402,600 6 In 1909
30,418,500
4 g
6
1,786,000
7,253,000
4 g
82,000.000
4 g
See text
4 )4 g

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

&
&
&
&
&
&
&
&

&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
&
Q— J
&
&
&
&
&

N
J
A
J
N
S
D
J

A
J
J
J
D
O
J
j
J
O
A
A
N
N
A
N
J
J
O

P h lla & R e a d R R , P h lla
P h lla & R e a d R R , P h lla
B r o a d S t S ta t io n , P h lla
do
do
1st 6 m o. coup. M c h 1910
Sh a ro n , P a
F a rm e rs L & T r C o , N Y
do
do

U S M t g e & T r Co, N Y
N a t S h a w B a n k , B o sto n
do
do
A m e r L o a n & T r Co, B o s
Se con d N a t B a n k , B o s
Sa fe D e p & T r Co, B a lt
S o P ac, 120 B ’w a y , N Y
N e w Y o r k & Q u itm a n ,G a
O ffice, 71 B r o a d w a y ,N Y
do
do
M e rca n tile T r u s t C o , N Y
A u g ’08 CD p a id A u g 2 ’09
F ir s t T r & S a v B k , C h ic
G ir a r d T r u s t Co, P h lla
J u ly 1908 co u pon n o t pd

M ay
J u ly
Aug
J u ly
Nov
Se p t
Ju n e
J u ly

Aug
J u ly
J u ly
J u ly
June
Oct
Jan
J u ly
Jan
Apr
Aug
Aug
Nov
Nov
Fe b
M ay
J u ly
J u ly

1 1912
1 1925
1909 3 %
1 1931
1 1919
4 1909 3 %
1 1919
1 1917

1 1918
1 1917
1 1950
1 1955
1 1911
1 1914
1 1927
1 1937
1 1923
1 1910
1 1936
11936
1 1951
11910
1 1951
1 1916
1 1907
1 1936

C h e ck s m aile d
O c t 1 ’09 1 > * %
D 120 B r o a d w a y , N e w Y o r k A u g 11 9 4 9
J
do
do
J a n 1 191 )
do
do
D
Ju n e 1 i#fG>
S 1st coup 3 m o s S e p t 1909 J u n e ! 1929
do
do
J
J u ly 1 1929-

1907-08, gross, $960,826; oper. def., $501,432; def. u n d er ch a rge s ( t a s k
$224,332 a d d itio n s a n d b ette rm e n ts), $1,072,426.
S O U T H E R N I L L I N O I S & M I S S O U R I B R I D G E C O .— O w n s b rid g e (a n d
4.64 m iles of track) across M iss is sip p i R iv e r a t T h eb es. I II .
S to c k , $50,000,
al o u tsta n d in g, e q u a lly ow n e d b y the S t. L o u is Ir o n M o u n t a in & S o u th e rn ,
S t . L o u is So u thw estern , Illin o is C e n tra l, C h ic a g o & E a s te r n 111. a n d M o .
Pacific, a ll of w hich, except the la st n am ed, have a 50-year co n tra ct d ated
N o v . 1 1901 for use of the brid ge, u n d er w hich th e y agree to m eet a ll charges.
SOUTHERN
I N D I A N A R A I L W A Y . — O w n s fro m M a in Stre e t. Te rre
H a u te , to E w in g S t ., S e y m o u r, 121.42 m iles; C h ic a g o exten sion , C h ic a g o
Jet. to S ta te line, 28.46 m .; Terre H a u te B e lt (east), M c K e e n to C h ic a g o
Jet., 7.45 m .; W e s tp o r t b ra n ch , S e y m o u r to W e s tp o rt, 26.45 m .; S u lliv a n
b ran ch, B la c k h a w k to S u lliv a n , 18.48 m .; co al bran ches, 25.93 m iles;
tota l ow ned, 228.19 m iles. Leases: V a n d a lla L in e, M a in S t. to U n io n S t a ­
tion , Terre H a u te , 0.30 m .; Ch ic. So . R y .. In d . - Ill . Sta te lin e to C . T . T .
co nnection (C h ica go H e ig h ts ), 114 m .; B e d fo rd B e lt R y ., B e d fo rd to
O o litic , 4.19 m .; to ta l leased. 118.49 m .; tota l op. D ec. 31 1907, 346.68 m .
T h e So u th e rn In d ia n a C o a l Co. a n d the In d ia n a So u th e rn C o a l Co ., c o n ­
trolled b y So u th e rn In d ia n a R y . Interests, were so ld In M a y 1909 un d er fore­
closure to the F ir s t T r u s t & S a v in g s B a n k of C h ic ago , re pre sen tin g C h ic a g o
C le a rin g -H o u se b a n k s w h ic h held the b o n d s a s p a r t co lla te ral for notes of
Jn o. R . W a ls h . V . 8 8 , p . 1260,1201.— V . 80, p. 2221; V . 83, p. 39 ,7 5 ,2 1 4 ,7 5 0 .
R E C E I V E R S H I P . — I n A u g . 1908 M y r o n J. C a rp e n te r w as a p p o in te d
receiver of the S o u th e rn In d ia n a a n d C h ic a g o S o u th .
V . 87, p. 481, 545
T h e receiver’s certificates ($700,000 au thorized) h a v e a lien ah ea d of
the b o n d s. V . 87, p. 1238. I n Feb . 1900 foreclosure w a s b e gu n on Ch ic.
So . m tge. V . 88, p. 504. T h e receiver pa id A u g . 2 1909 the A u g . 1908
cou pon s on the 1st 4s of 1901. V . 89, p. 164,226.
Com m ittees for 1st 4s o f 1901— (1) A n to n G . H o d e n p y l, C h airm a n ; B a n k
ers’ T r u s t Co. of N e w Y o r k , & c.. depositories.
I n J u ly 1909 $6,813,000
b o n d s had been d eposited. V . 87, p. 416, 286, 615, 679; report, V . 89,
p. 164.
(2)
Geo. W . Y o u n g , C h a irm a n ; W in d s o r T r u s t Co. of N e w Y o r k . & c.,
depositaries. T h is co m m ittee purchased the A u g . 1908 co u pon on b o n d s
deposited w ith It. V . 87. p. 416, 286, 546, 679.
Com m ittee fo r Chicago Southern 5s o f 1906.— In c lu d e s C h as. D . Sm lth e rs,
A n to n G . H o d e n p y l a n d others; S ila s W . H o w la n d , Sec., 24 B r o a d S t .,
N . Y .; G ira rd T r u s t Co ., P h lla ., d e p o sita ry . V . 88, p. 504, 565.
S T O C K . — A u th o rize d , $11,000,000; par, $100; a ll Issu e d.
B O N D S . — O f the C h ic . S o u . 5s of 1906 ($5,500,000 a u tho rized Issu e ).
$4,000,000 w as Issued or reserved to retire the co u pon notes w hich m a tu re d
J u ly 1 1907, of w hich In J u ly 1908 $715,000 rem ain ed u n exchan ged ; b a la n ce
to be delivered to sy n d ica te su b scrib ers on exchan ge of re m a in in g notes for
bon d s. V . 83. p. 817; V . 84, p. 932, 995, 1053: V . 85, p. 42; V . 87, p. 36,613.
E q u ip m e n t notes, In c lu d in g Interest, Ju n e 30 1907, $814,495; m a tu rity .
1907 09.
E A R N I N G S . — 12 m o s . , (1 908-09_____ G ro ss, $1,189,455; net, $421,437
J u ly 1 to Ju n e 30.
\l9 0 7 -0 8 ______G ross, 1,568,515; net, 526,402
R E P O R T . — R e p o rt for y ea r en d in g Ju n e 30 1907 w as In V . 85, p. 1268.
F isca l
Gross
N et A fte r
Other
In terest, B a t., su r. o r
Y ea r—
E a rn in g s.
T a x es.
In com e. R en ts., & c.
deficit.
1907-08 ..............$1,370,046 $165,240
$325,787
$531,736 d ef.$40,709
603,082
10,030
483,274 sur.129,839
1906-07 ________ 1,590,332
Pres., J o h n R . W a ls h ; T re as., E . F . Y o u n g , G r a n d C e n tra l S ta tio n ,
C h ic ago , 111.— (V . 88, p. 507, 565, 750; V . 89, p. 164, 226.)
SO U T H E R N P A C IF IC
C O M P A N Y . — (See M a p s .) — R O A D . — T h is c o m ­
p a n y ow n s o n ly 12 m . In fee, but. p rin c ip a lly th ro u g h ow n e rship of stock;
p a r tly b y lease, it operates a grea t sy ste m of ro a d s e x te n d in g from S a n F r a n ­
cisco to N e w O rle a n s (thence b y c o m p a n y ’s steam e rs to N e w Y o r k , & c .)
a n d to P o rtla n d , O re., to O g d e n , U ta h , w ith branches.
S y st e m com prise s the follow in g, fu lly described u nder their ow n titles:
M ile s .
M ile s .
(1) C ontrolled: also leased.
(3) Controlled by M orga n 's L a . <ft
Ce n tra l P acific R R
l r48fl
T e x .— O p ’d In dependently.
S o u th P acific C o a st R y _______
102 Ib e r ia & V e rm ilio n R R _______
16
S o u th e rn P acific R R
3,51 1
O re gon & C a lifo rn ia R R _______ 666
T o ta l p ro p rie ta ry lin e s......... 9,483
(2) Controlled by S o . P a c . C o .— O p­ T o t.(d ed u c.2 4 2 m . le as.to A tch )9 .2 4 1
erated by C o s. ow ning them .
(4) L eased and Operated.
G a lv . H a r r ls b . & S a n A n t. R y . 1,343 N e w M e x ico & A riz o n a R R ____
88
H o u s to n & T e x a s C e n tra l R R . . 789 S o n o ra R y ___________________
263
L o u isia n a W e ste rn R R
.
.198
M o r g a n ’s L a . & T e x . R R . & S S . . 351
T o t. R R . m ileage Ju n e 30 ’08 9,592
4 rar
T e x a s & N e w O rle a n s R R _____ 444 S te a m sh ip L in e s . . .
A ffilia ted L in es.
N e v a d a & C a l.R y .(V .8 1 ,p .1 2 4 2 )
330
H o u s to n E . & W . T e x a s R y . . . 191 G ila V a l. G lo b e & N o rth e rn R y . 125
H o u s to n & Sh re v e p ort R R ___
40 Ca n an e a Y a q u I R lv . & P a c . R R . 197
42
So u th e rn P a c ific C o .................
12 M a ric o p a & P h o e n ix R R ______

$488,187
$685,874
$458,301
B a la n c e , d e ficit.................. ..........
O F F I C E R S . — T rc as., R . L . N u t t ; Sec., D . C . P o rte o u s.
D ire c to rs— Y . V a n d en B e rg, N e w Y o rk : H . C la y Pierce, S t. L o u is; S .
D a v ie s W a rfie ld , J . W illia m M ld d e n d o rf, J o h n B . R a m s a y , B a ltim o re , M d .;
B . F . Y o a k u m , E r n s t T h a lm a n n , I I . R Ie m a n D u v a l, J am e s A . B la ir, N . S.
M e ld ru m , L . F . Loree, F r a n k lin Q . B r o w n , N e w Y o r k , N . Y . ; J o h n S k e l­
to n W illia m s , T o w n se n d S c o tt, B a ltim o re , M d .; C. S id n e y Sh e p ard , N ew
H a v e n , N . Y .; W a lla c e B . D u n h a m , B o sto n ; N o r m a n B . R e a m , C h icago ;
H e n n e n J e n n in g s, W a sh in g to n , D . C.; Geo. W . W a t t s , D u r h a m , N . C .
G en eral office, P o rtsm o u th a n d N o rfo lk , V a .; N . Y . office, 24 B r o a d S t .
— (V . 89, p. 43, 105, 164, 349, 412, 470, 594, 666, 840, 1069.)
S H A M O K I N S U N B U R Y & L E W I S B U R O R R . — (See M a p R eading S y s ­
te m .)— C a rb o n R u Jet. to W e s t M ilto n , P a ., w ith Iron b rid ge o ver Su sn u e ha n n a, 31 m iles; second track , 15 m .; tota l of a ll track , 57 m . L e a se d to
P h lla . & R ead . J u ly 2 1883 for 999 y ea rs a t 6 % on the sto c k .
U se d for coal
traffic n o rth w a rd . S to c k , $2,000,000 (p a r $50), ow n e d b y R e a d in g Co
of w hich $1,995,000 Is d eposited un d er m tge . of 1897.— (V . 51, p 2 1 )
’
S H A M O K I N V A L L E Y & P O T T S V I L L E R R . — (See M a p s P a . R R . ) - S u n b u ry . P a ., to M t. Carm e l, P a ., a n d branches, 38 m iles. L e a se d Feb 27 1863
for 999 y e a rs to N o rth e rn Ce n tra l R y . Co ., w ith a g u a r a n t y of taxes. Interest
on b o n d s a n d 6 % on stock, of w hich N . C. ow n s $619,650.— (V . 78, p. 1908.
S H A N N O N & A R I Z O N A R R . — V . 88, p. 1260, 1626.
S H A R O N R Y . — O w n s from N e w castle, P a ., v ia Sh a ro n , to P y m a t u n ln g .
P a., w ith branches, 33.07 m ile s. Leased to E r ie R R . fo r 900 years from
D ec. 1 1900 for Interest on b o n d s a n d 6 % on stock. T h e stockh old ers voted
M a rch 23 1908 to Increase the sto c k from $800,000 to $1,600,000 fro m tim e
to tim e for lm p ts.— (V . 86, p. 722, 795, 1226.)
S I E R R A R A I L W A Y ( O F C A L I F O R N I A ) .— (.See M a p .) — O w n s road from
O a kd a le , In S ta n is la u s C o u n ty , C al., to T u o lu m n e , T u o lu m n e C o u n ty , 56.5
m .; J a m e sto w n to A n ge ls, 19.3 m .; total, 75.8 m .; y ard , & c., track , 8.6 m.
T h e Y o se m lte S h o rt L in e R y . h as p a rtly b u ilt a 50-m lle extension from
J a m e sto w n to Y o se m lte N a tio n a l P ark ; th is road Is to bo leased; sto c k a t
$25,000 per m ile a n d 1st m tge. 4 H % b on d s a t $12,500 per m ile (C en tral
T r u s t Co. of C al., trustee) to ne gu ar., prln. & lnt. V . 81, p. 1175.
S to c k autho rized , $5,000,000; Issued. $3,248,000. O f the $860,000 5 %
40 -year b o n d s, $227,000 are reserved for fu tu re requirem ents. V . 79. p.
270.
E A R N I N G S . — 2 m os., 11909........... .........G ross, $86,210; net, $52,510
J u ly 1 to A u g . 31.
J 1908____________ G ross, 76,286; net, 36,794
F o r y ea r e n d in g Jun e 30 1909, gross, $418,595; net, $178,511; ln t., taxes,
&c., $135,460; bal., sur., $43,051. Pres., T . S . B u llo ck : Sec., S . D . F re sh ­
m an , J a m e sto w n , C a l.— (V . 80, p. 1112; V . 81, p. 212, 1175.)
•
S I E R R A V A L L E Y S R R . — P lu m a s to M o h a w k , C a l., 37 m iles.
S o ld In
foreclosure J an . 30 1909 to N e v a d a -C a llfo rn la -O rc g o n R y ., w hich w ill ow n
stock of new co. to be form ed to take over road.
V . 88. p. 453.
Ye ar end­
in g Juno 30 1909, gross. $93,648; net. $62,372. I n 1907-08, gross, $88,883;
G r a n d tota l of owned, leased a n d affiliated lines Ju n e 30 1908......... 9,956
net, $48,281; ln t., taxes, & c., $14,673; b al., su r., $33,607.— (V .8 8, p.453.)
O R G A N I Z A T I O N . — O rg an ize d u n d er la w s of K e n t u c k y . T h e U n io n
S O M E R S E T R Y . — See page 171.
P acific ow n s $90,000,000 co m m o n a n d $34,200,000 pref. sto c k , a stro g
w o rk in g control; b u t the ro a d co ntin u es to be operated In d e p e n d e n tly .
V.
S O U T H C A R O L I N A & G E O R Q I A R R . — See S o u t h ’n R y ., C a r o lin a D Iv .
72, p. 242, 248; V . 75, p. 136
I n J an . 1908 the G o v e rn m e n t b ro u g h t s u it
S O U T H C A R O L I N A P A C I F I C R Y . — N o rth C a ro lin a S ta te line to B c n to set aside U . P . control. V . 86, p. 286. In te r -C a llfo r n la R y . , 32 m ile s,
n ettsvllle, S . C.. 10.50 m iles.
Leased till D ec. 1914 to A tla n t ic C o a st L in e
co m pleted In J u ly 1908 a n d 23 m . u n d e r co nstru ction : see V . 78. p. 2443.
R R . for Interest on bon ds. S to c k , $100,000. B o n d s, see table.
I n Jan . 1909 287 rr.’les u n d er co n stru c tio n In the U . S . had been m o s t ly
.
S O U T H D A K O T A C E N T R A L R Y . — See page 171.
com pleted. T h e So u th e rn P acific R R . o f M e x ico, In corporated J u n e 24
1909 w ith $75,000,000 a u th . stock, to o k o v e r the 1,537 m iles covered b y
S O U T H G E O R G I A R Y . — A d e l to G reen ville, F la ., 51 m iles; leases W e s t
M e x ica n concessions, of w h ic h 532 m iles h a d been co m pleted Ju n e 30 1908
C o a s t R y . , G reenville to Perry, 26 m .; to ta l, 77 m iles. S to c k , $500,000.
a n d 155 m iles were opened M a y 1909. V . 83, p. 1536; V . 84, p. 1114; V . 86.
V . 83, p m 2 .
Y e a r e n d in g Ju n e 30 1909, gross, $182,575; net Incom e.
p. 350; V . 87. p. 414; V . 88, p. 303, 1622.
$67,983: ln t., taxes, &c., $38,220; d lv s . (2 0 % ) , $11,600; b a l., sur.. $18.163.
N o rth w e ste rn P acific R R . (Jointly owned, w ith A tc h iso n ), see th a t co.,
Pres., J. W . O gle sb y; Treas., C . T . T illm a n .— (V . 83, p. 1172.)
V . 84, p. 103.
I n Ju n e 1908 a d v a n ce s for electric ro a d s chiefly a ro u n d L o s
SOUTH
P A C IF IC C O A ST
R Y .— N A R R O W
G A U G E . — E lm h u r s t to
A n geles a n d S a lt L a k e C it y a ggre ga te d $5,526,914.
V . 84. p 11 1 4 ,1 2 4 9 ;
S a n ta C ru z w ith branches; total, 102 m iles, of w hich 39 m . narrow gaugeV . 86, p. 352, 353. In Ju n e 1909 the co n trolle d electric lines e x te n d in g
ferry, 3 m . L eased for 55 years from J u ly 1 1887 to So u th e rn P a c illc C o ' fro m S a n Fran cisco to S a n Jose, <Scc., 220 m iles, were co nsolid ate d u n d e r
w h ich guaran tees the b o n d s a n d ow n s a ll the $6,000,000 stock.
Year
n am e of P e n in su la r R y . , w it h $10,000,000 ca p ita l sto c k . V . 89, p. 105.







Oot. 1909 ]
R A IL W A Y
STOCKS AN D
BON DS,










RAILROADS
For explanation of column headings, &c, see notes
on first page of tables.

M ile s
of
R oad

D a te
of
B on d s

S o u th e rn P a c ific R R — S to c k $ 1 6 0 ,0 0 0 ,0 0 0 a u th o r iz e d
F irst m tg e S eries E & F g o ld sin k in g f u n d _______ c*
1,045 1882
S o P a c B r 1st M g o ld s f $5 0 ,0 0 0 In 1897 n o t draw n
240 1887
F irst c o n s o l m tg e g u ar g o ld s f n o t d r a w n .- C e .c * &r 2 ,0 2 0 1893
S o u th P a c o f A rizon a 1st M S er B g o ld g u ar
c& r
392 1880
S o u th e r n P a cific o f N ew M e x ico 1st M g o l d ____ c & r
167 1881
C a liforn ia P a cific first m tg e g o ld (e x te n d e d In 1887)
79 1867
2d M g o ld guar p & 1 en d b y Cen P a c (e x t In 1891)
114 1871
N o rth e rn R y (Cal) co n s (n o w 1st) M g o ld .U n .c ^ & r
373 1888
N orth ern C a liforn ia first m o rtg a g e g o l d ________
.
54 1889
F irst con s ref M g gu red 105 a fte r 1910 E q .x c * & r
3,2 8 6 1005
S ou th ern R a ilw a y — C o m m o n s to c k $ 1 2 0 ,0 0 0 ,0 0 0 ____
___ ____
P r e fe r re d 5 % n o n -c u m u la tlv e $ 6 0 .0 0 0 ,0 0 0 ______
M & O s to c k tru st c e r t i f i c a t e s . . .......................................
___ ____
F irst con s M 1st on 900 m g ($ 1 2 0 .0 0 0 ,0 0 0 )-C e .c * &r 4,3 4 6 1894
D e v e lo p m e n t & gen M ($ 2 0 0 ,0 0 0 ,0 0 0 ) g . .S . c * & r * T e x t
1906
D eb en tu re n o te s , g o l d ____________________________ c & r
___ 1907
C o n v g n otes called fo r p a y m e n t N o v 1 ’ 09 . . N . x c *
___ 1908
—
M on on Joint M red 105 sin ce 1907 h alf s h a r e .S ,c * & r
1902
E q u ip tru st S eries C gold, last in s t a llm e n t______
___ 1902
S eries D g o ld last Installm ent .................................
___ 1903
Series E g o ld d u e J & D , $ 1 4 7 ,0 0 0 s e m l-a n n .P I P
—
1904
S eries F & G g o ld d u e m o n t h ly _______________________
___ ’ 0 4 - 0 5
S eries H g o ld d u e $22 5 ,0 0 0 M & N ____________ PIP
___ 1905
Series K g o ld d u e $14 0 ,0 0 0 M & N ...........................
___ 1905
Series L g o ld d u e $30 0 ,0 0 0 F & A ..................E P .c
—
1906
___ 1909
Series M g o ld d u e $ 70 ,000 J & D _________ ______ _
A — P rop e r tie s M erg ed in Southern R ailw ay C o.
A tla n tic T en n essee & O h io first m o r tg a g e _______ Ce
44 1883
C h C ol & A u g 2 n d m tg e (n ow 1 s t ) _________________ Ce
191 1872
C ol & G reen first m o r tg a g e g o ld ........................... C e .c
164 1881
G eorg ia P a c ific first m o r tg a g e ........ ........... ........... C e .c
566 1882
R ic h m o n d & D a n v ille c on s o l m o r tg a g e g o l d .. C e . c
1874
D e b e n tu r e m tg e old 6s (n o lo n g e r In c o m e s )___ Ce
1882
R ic h m o n d Y o r k R iv e r & C h esapeak e first m t g e ._ G
38 1873
S e c o n d m o r tg a g e e x te n d e d fro m 1 90 0.........
G
38 1880
V irg in ia M id la n d — S erial m o r tg a g e s _________________
1881
G eneral m o r tg a g e ________________________________ Ce
403 1886

S iz e, or
Par
V a lu e

R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

$100 $16000000 0 See te x t See te x t
500 & c
A & O S o P a c , 120 B ’ w a y , N Y
5 ,1 1 1 ,0 0 0
6 g
1,000
3 , 5 3 3 , 00 c
A & () S o P a c , 120 B ’ w a y , N Y
6 g
500 &c
4,12 7 ,5 0 0
M & IN
do
do
5 g
1,000
4 ,0 0 0 ,0 0 0
&
.1
6 g
J
do
do
1,000
& J
4 ,1 8 0 ,0 0 0
.1
6 g
do
do
1,000
& J
2 ,2 3 2 ,0 0 0
4X g J
do
do
1,000
1,595,000
&
do
do
4X g J
J
1,000
A & O
4,75 1 ,0 0 0
do
do
5 g
1,000
5 8
& 1)
1,074,000
.1
do
do
500 & c 1 0 9 ,3 8 3 ,0 0 0
&
do
do
J
J
4 g
100 120 ,000 ,00 0
100 6 0 ,0 0 0 ,0 0 0 See te x t A & O J P M organ & C o , N Y
100
4
A & ()
5 .6 7 0 ,2 0 0
do
do
1,000 & c 5 2 ,7 7 5 .8 0 0
J
&
do
do
J
5 g
1.000 & c 6 2 ,0 9 2 ,0 0 0
A & O
do
do
4 g
1,000 & c 15 ,0 0 0 ,0 0 0
F & A
do
do
8 g
1,0 0 0 & c 1 1 ,1 0 5 ,0 0 0
M & N
6 g
1,000 &c
5 ,9 1 3 ,5 0 0
.T &
.T
do
do
4 g
1,000
229,000
J
& D B lair & C o , N ew Y o r k
4 g
1,000
177 ,000
M & N
do
do
4 g
1.000
1 ,6 1 7 ,0 0 0
& D P r o v L ife & T r C o , P h lla
4H g J
115 ,380
3H
do
do
1,000
2 ,4 7 5 ,0 0 0
do
do
4H g M & N
1,000
1 ,6 8 0 ,0 0 0
M & N
do
do
4 g
1,000
6 ,9 0 0 ,0 0 0
4 M g F & A F id e lity T r u s t C o , P h lla
1,40 0 ,0 0 0
J
& 1)
4
1,000
1,000
1.000
1,000
1,000
1,000
1,0 0 0
1,000
100 & c

In J u n e 1907 th e C orva llis & E a ste rn , Y a q u ln a t o Id a n a h , O re ,, 142
m ile s , w as p u r c h a s e d .
V . 8 6 , p . 350 .
P R O P R I E T A R Y L I N E S .— T h e se , w ith a to t a l m tg e . In debtedn ess Ju n e
30 1908 o f $ 4 4 ,4 9 8 ,1 2 1 , are m o s t ly o w n e d — o n ly $74,373 o u t o f th e ir to ta l
■capital s to c k o f $ 3 3 5 ,4 1 6 ,2 7 2 n o t be in g held o n J u ly 1 1908 b y th e S o u th e rn
P a cific C o . “ O m n ib u s L e a se ,” see “ S u p p le m e n t” o f J a n . 1899. S to c k s
a n d b o n d s o w n e d Ju n e 30 190 8, V . 8 8 . p . 3 0 9 , 310 .
S T O C K , E T C .— T o t a l c o m . s to c k a u th o riz e d , $ 3 0 0 ,0 0 0 ,0 0 0 , In clu din g
$ 6 7 ,2 7 5 ,5 0 0 e x c h a n g e d in 1899 fo r C entral P a cific s t o c k — see C entral P a cific
a n d V . 68. p . 3 7 8 , 725; V . 69, p. 132; V . 70, p . 740: V . 88, p . 507.
O f the
s t o c k , $ 6 3 ,0 7 7 ,0 0 0 Is req u ire d fo r c o n v e rs io n a t $130 per share f o r 4 s o f 1909
T h e o u ts ta n d in g $ 7 4 ,8 6 3 ,4 0 0 preferred s to c k w as called fo r p a y m e n t
on J u ly 15 190 9, th e h old ers h a v in g the o p tio n (1) t o e x ch a n g e the sam e
fo r a lik e a m o u n t o f 4 ^ % b o n d s o f a new Issue lim ite d t o $ 1 0 0 ,0 0 0 ,0 0 0
a n d $20 p e r sh are In ca sh , o r (2) an eq u a l a m o u n t o f c o m m o n s t o c k , or
(3) r e c e iv e $11 5 cash .
M ost o f th e h o ld e rs e x e rcis e d th e o p tio n o f c o n v e r ­
sion Into c o m m o n s t o c k .
V . 88, p . 1501; V . 89, p . 164.
D I V I D E N D S .— O n p r e f., Jan . '0 5 t o J u ly ’ 09 (w h en It w as ca lle d fo r
p a y m e n t ), b o t h ln c l., 7 % y e a r ly (J . & J . ) .
D Iv. o n c o m ., 2 ^ % (se m i-a n .)
paid O ct. 1 1906; A p r. 1907, 2 M % ; J u ly , 1 M % ; O c t ., 1 M % ; 1908 t o O c t .
1909, 6 % y e a r ly ( 1 H % Q -J .).
B O N D S .— T h e 4 % c o ll, tru st g o ld b o n d s o f 1899 are lim ite d t o $ 3 6 ,8 1 9 ,­
000 a n d are s u b je c t t o call a t par o n 6 m o n th s ’ n o tice .
T h e first issue o f $ 2 8 ,8 1 8 ,5 0 0 , secu red b y $ 6 7 ,2 7 4 ,2 0 0 c o m . a n d $ 1 2 ,0 0 0 ,­
000 p r e f. s to c k s o f th e C en t. P a c. R y . C o ., w as Issued fo rth w ith .
T h e re­
m a in in g $ 8 ,0 0 0 ,5 0 0 Is Issuable fro m tim e t o tim e (b u t o n ly as an e q u a l
a m o u n t o f C en t. P a c . p ref. s to c k Is r e c e iv e d ), as p r o v id e d in th e m tg e .; o f
this s u m , $ 5 ,0 0 0 ,0 0 0 par v a lu e b o n d s w ere reserved again st Issue o f an e q u a l
a m o u n t o f C en t. P a c . p ref. s t o c k , fo r b e tte rm e n ts o r a d d itio n s t o th e rail­
ro a d c o m p a n y ’ s p rop erties. Issuable n o t e x c e e d in g $ 20 0,00 0 p a r v a lu e
th e r e o f p er a n n u m ; t o A p r. 1 1908 there had been Issued $ 1 ,6 0 0 ,0 0 0 o f these
b o n d s s im u lta n e o u sly w ith d e p o s it w ith the tru stee o f an eq u a l a m o u n t o f
C en t. P a c . p r e f. s t o c k . See m tge . a b s tr a c t, V . 69, p . 859.
T h e 2 -5 -y e a r co ll, tru st 4s o f 1905, lim ited to $ 3 0 ,0 0 0 ,0 0 0 , are se cu re d b y
d e p o s it o f $ 1 2 ,4 0 0 ,0 0 0 p ar va lu e o f va rio u s b o n d s a n d $ 7 3 ,4 4 8 ,8 0 0 s to c k s
o f co m p a n ie s c o n tr o lle d . In clu d in g P a cific M all, $ 1 0 ,0 5 0 ,0 0 0 s t o c k ,a n d
$ 1 ,5 3 0 ,0 0 0 W e lls , F a rg o & C o . s t o c k .
V . 80, p. 1857; V . 8 2 , p . 753 .
T h e C en t. P a c . first ref. 4s an d 3 0 -y e a r g o ld 3 H s gu ar. p . a n d 1.
I n M ch . 1909 th e sto c k h o ld e r s w ere o ffe re d $ 8 2 ,0 0 0 ,0 0 0 o f 4 % 2 0 -y e a r
b o n d s a t 96, p a y a b le o n e -th ir d ea ch o n A p r. 2 0 , Ju n e 1 an d J u ly 12 1909,
c o n v e r tib le t o J u n e 1 1919 Into c o m . s to c k a t 130 a t o p t io n o f h o ld e r an d
red eem a b le on a n y Interest d a y a fte r M arch 1 1914 a t 105. V . 8 8 , p . 507,
1062; V . 8 9 , p. 4 4 , 105.)
A s to new b o n d Issue d a te d J u ly 1 1909, see S T O C K a b o v e . V . 8 8 ,p .l5 0 1 .
G E N E R A L F I N A N C E S .— O n J u n e 30 1908 there w a s 'd u e th e U n io n
P a cific $ 4 5 ,3 7 6 ,3 8 9 on dem a n d loan s m a d e to te m p o r a r ily fin a n ce th e c o ’s
req u irem en ts, o f w h ich $ 2 0 ,2 1 0 ,0 0 0 repaid in Ja n . 1909.
V . 88, p . 303.
O n Ju n e 30 1908 th e c o m p a n y had u n p le d ge d In Its treasu ry $ 3 8 ,6 6 2 ,3 0 0
b o n d s an d $ 9 2 ,9 0 1 ,8 9 0 s to c k s o f v a rio u s c o m p a n ie s , a n d Its assets e x c e e d e d
Its liab ilities b y $ 6 5 ,1 7 9 ,9 0 8 .
V 8 8 , p. 302 . See V . 8 4 , p. 1114.
See
B O N D S an d S T O C K a b o v e .
L A T E S T E A R N I N G S .— 1 1 9 0 8 -0 9 .G ross, $ 1 2 0 ,5 2 1 ,9 0 9 ; n e t, $40 ,9 3 7 ,5 3 4
12 m o s ., J u ly 1 to J u n e 3 0 . J1 9 0 7 -0 8 .G ross, 12 3 ,2 7 2 ,4 2 3 ; n e t, 3 4 ,6 6 2 ,3 7 7
F o r 2 m os . e n d in g A u g . 31 1909, g ro ss, $ 2 2 ,1 2 5 ,3 1 5 , aga in st $ 1 9 ,5 5 2 ,0 4 3
In 1908: n e t , $ 8 ,5 1 4 ,7 6 6 , a g a in st $ 7 ,0 7 2 ,3 6 0 .
R E P O R T .— F o r 1 90 7-0 8, V . 8 8 , p . 2 9 1 , 299; also e d ito ria l, p . 262 .
Years ending June 3 0 —
190 7-0 8.
190 6-0 7.
A v era g e m iles— P r o p r ie ta r y a n d n o n -p r o p ’ t a r y .
9,5 0 5 .6 1
9 ,4 0 0 .5 9
T r a n sp o rta tio n o p e r a tio n s .................... ....................... $12 3,2 7 6 ,9 2 1 $1 2 6 ,1 9 4 ,3 6 0
O p e r a tin g ex p en ses a n d t a x e s . . ................................ 8 8 ,6 1 3 ,1 0 2
8 3 ,1 6 1 ,8 3 3
N e t re v e n u e s ................................................. ................ $ 3 4 ,6 6 3 ,7 2 9
I n c o m e fro m s. f. p led g ed fo r r e d e m p t. o f b o n d s
181,532
I n c o m e fro m lands a n d securities n o t p le d g e d ___
7 29 ,366
2 ,9 3 9 ,3 3 2
In te re s t on s to c k s an d b on d s o w n e d ____________ _
M iscella n eou s re c e ip ts ......................................................
35,101
In te r e s t on loan s and a d v a n c e s o th e r th a n o p e n
124 ,149
a c c o u n ts o f p r o p r ie ta ry c o m p a n ie s____________

$ 4 3 ,0 3 2 ,5 2 7
164,714
715 ,932
1,980,083
97,431

T o t a l net In c o m e ________________________________ $ 3 8 ,6 7 3 ,2 0 9
In te r e s t on fu n d e d d e b t — .................... .....................
15 ,8 6 8 ,7 1 0
235,251
In te r e s t on C en tral P a cific R R . n o te s ____________
548,532
S in k in g fu n d co n tr ib u tio n s an d e a rn in g s________
H ire o f e q u ip m e n t an d rentals ( n e t ) _____________
617 ,122
L a n d d e p a rtm e n t expen ses a n d t a x e s ___________
34 4 ,6 2 5
M iscella n eou s e x p e n s e s ____________________________
26,992
T a x e s and o th e r exp en ses S ou th e rn P a c . C o ____
2 70 ,099
B e tterm en ts a n d a d d it io n s _______________________
282 ,952
R e s e r v e fo r d e p r e c ’ n o f rollin g s to c k leased t o
o th e r co m p a n ie s _________________________________
585 ,455

$47 ,318 ,11 1
15 ,9 9 1 ,0 3 4
41 1 ,6 8 9
531 ,714
7 86 ,083
3 6 5 ,4 3 0
69,294
25 1 ,0 5 0
6 03 ,972

1.327,423

609,251

T o t a l c h a r g e s ................................................................. $ 1 8 ,7 7 9 ,7 3 6
$ 1 9 ,6 1 9 ,5 1 8
Su rplu s o v e r all d isb u rsem en ts___________________ $19 ,8 9 3 ,4 7 3
$ 2 7 ,6 9 8 ,5 9 3
D iv id e n d s on p referred s to c k ( 7 % ) . . .......................
$5 ,2 4 0 ,6 5 2
$ 2 ,7 6 9 ,8 7 9
D iv id e n d s on c o m m o n s t o c k .................................. (6 )1 1 ,8 7 0 ,9 5 5 (5 W 1 0 . 3 8 7 . 086
C h airm an E x e c . C o m m ., R . S . L o v e t t .— (V . 8 9 , p . 164 , 226 , 722 .)
S O U T H E R N P A C I F I C R R . — (.See Maps.)— R O A D .— O w ns all th e C ali­
fo rn ia lines o f th e S o. P a c. sy ste m e x c e p t the C en t. P a c. a n d the S o u th P a c .
C oa st. T h e roa d ow n ed and leased aggregates a b o u t 3,511 m iles, e m b r a c in g
a th rou g h line fro m ea st ban k o f R io G ra nde R iv e r th ro u g h N . M e x . an d
A r lz ., v ia L os A n geles, San Fran , a n d O a k la n d , to T e h a m a , In N o . C a lif,
w ith n u m erou s b ra n ch es . O f th e lines o w n e d a n d leased In 1908 (183 m . are
le a s e d ), 3 ,2 6 9 w ere o p e ra te d In the S o . P a c. sy s te m , 242 m . (M o ja v e t o T h e
N eedles) b e in g held u n d er lon g lease b y A tc h . In e x c h a n g e fo r leases o f 350
m . o f ro a d In N . M e x . a n d A rlz. V . 65, p . 931 , a n d A . T . & S . F . Item ,
p . 1113; see V . 0 4 , p . 609 .




IN T E R E S T OR D IV I D E N D S
A m ou n t
O utstanding

150 ,000
5 00 ,000
1 ,9 25.000
5 ,6 6 0 ,0 0 0
4 ,8 3 3 .0 0 0
3 ,3 6 8 ,0 0 0
40 0 ,0 0 0
500 ,000
6 ,7 1 4 ,0 0 0
4 ,8 5 9 ,0 0 0

6
7
6
6 g
6 g
5
5
4H
5, 6
5

A
A

J

J
.1
A
J
M
M
M

&
&
&
&
&
&
&
&
&
&

O J P
()
.1
J
,1
O
.)
N
v S afe
S
N J P

M organ & C o , N Y
do
do
do
do
do
do
do
do
do
do
do
do
do
do
D e p & T r C o , B a lt
M organ & C o . N Y

B on d s— P r in c i­
pal, W hen D u e
S tocks— Last
D ivid en d
13 In 1907-08
A p r 1 1912
A p r 1 1937
N o v 1 1937
M ch 1 1910
Jan 1 1911
Jan 1 1912
Jan 1 1911
O ct 1 1938
Ju n e 1 1929
Jan 1 1955
O ct 17 1907 1 M
O ct 1909 2 %
J u ly 1 1994
Apr 11956
Feb 1 1 9 1 0
N o v 1 1909
J u ly 1 1952
D e c 1 1909
M ay 1 1910
T o D e c 1 1914
T o F e b 1910
T o M ay 1 1915
T o N o v 1 1915
T o F e b 1 1921
Apr
O ct
Jan
Jan
Jan
Apr
Jan
N ov
V ar
M ay

10 1913
1 1910
1 1916
1 1922
1 1915
1 1927
1 1910
1 1910
1911-1931
1 1936

O R G A N I Z A T I O N .— A c o n s o lid a tio n o f th e S o . P a c. R R . co m p a n ie s o f
C a liforn ia, A rizo n a a n d N ew M e x ico .
V . 74, p . 578; V . 8 1 , p . 900 .
S T O C K . - S o . P a c. C o. Ju n e 30 1008 held all the $ 1 6 0 ,0 0 0 ,0 0 0 s t o c k .
D iv id e n d s : 4 % p aid In 1906-07 an d 1 3 % In 190 7-0 8.
B O N D S .— Consolidated M ortga ge o f 1894 a b s tr a c t w as In V . 57, p . 1041.
T h e first co n s o l, r e fu n d . 4s o f 1905 ($ 1 6 0 ,0 0 0 ,0 0 0 a u th . issue) w ill e v e n tu ­
a lly be a first lien.
F o rm o f g u a r a n ty , V . 82, p . 4 9 . I f less th an en tire
Issue Is r e d e e m e d ,.b o n d s shall be draw n b y lo t.
T h e m tge . c o v e rs 3 ,286 m .
o f m ain tr a c k , an d u p o n re d e m p tio n (c o m p u ls o r y ) o f u n d e rly in g b o n d s a g ­
g re g a tin g $ 1 3 ,2 9 1 ,0 0 0 It w ill b y A p r. 1912 be a first lien on 2 ,4 9 5 m . th e re o f,
sa ve Hen o f co n s o l. 5s a t $ 2 ,200 p er m . on 1,011 m . In C a liforn ia c v 87, p .
1012; V . 88, p. 159: V . 8 9 , p . 164.
In J u ly 1909, $ 5 0 ,5 5 5 ,0 0 0 u n issu ed , v iz .:
Issu able t o refu n d a like a m o u n t o f p rio r lien b o n d s ____________ $ 3 0 ,6 1 0 ,5 0 0
Issu able t o a id In re fu n d in g a n y b alan ce fo r o th e r p u r p o s e s
6 ,9 9 2 ,0 0 0
Issu able fo r c o n s tr u c tio n , b e tte r m e n ts , & c ___________ ___________ 1 2 ,9 5 2 ,5 0 0
E A R N I N G S .— F o r 10 m o s. e n d in g A p r. 30 1909, to ta l In com e (ln cl.
$1 ,5 2 4 ,5 9 2 “ o th e r ” ) , $ 3 7 ,7 7 5 ,3 5 1 ; n et In com e, $ 1 6 ,7 1 4 ,0 1 4 ; ch arges a n d
ta x e s, $ 8 ,1 0 2 ,2 9 6 ; b a l., s u r., $ 8 ,6 1 1 ,7 1 8 .
A N N U A L R E P O R T .— F o r y e a r e n d in g J u n e 30 1908 earnings w ere:
G ross. $ 4 3 ,8 3 2 ,3 5 6 ; n et, $ 1 6 ,3 6 8 ,2 2 6 ; o th e r In c ., $ 2 ,0 7 6 ,0 8 1 : c h g c s ., $ 9 ,2 1 3 ,­
221 , o f w h ich share o f S o. P a c ., $ 7 7 8 ,1 4 5 , le a v in g $ 8 ,4 5 2 ,9 4 1 . In 190 6-0 7,
gross, $ 4 2 ,4 4 5 ,3 7 9 .— (V . 87, p. 937, 1012; V . 8 8 , p . 159; V . 89, p . 164.)
S O U T H E R N R A I L W A Y C O M P A N Y . — (See Map, pages 128 and 129.) —
C o m p a n y o p erates 7 ,0 5 0 m ., e x te n d in g fro m W a s h in g to n , D . C ., an d W e s t
P o in t an d R ic h m o n d , V a ., t o D a n v ille , V a ., G re e n sb o ro , N . C ., N o r fo lk ,V a .,
C h a rlo tte , N . C ., C o lu m b ia , S . C ., a n d A tla n ta , G a ., th e n ce n o rth e rly to
B risto l, T e n n ., s o u th e a s te rly t o the c o a st a t B ru n sw ick , G a ., a n d w e ste rly
across the S ta te - o f A la b a m a a n d to C o lu m b ia , M iss. W a te r lines— C h esa­
p e a k e SS . C o ., 200 m iles.
Owned in fee—
Miles.
Leased— (C on tinued)
M ile s .
A lexa n d ria (near W a sh in g to n )
• N orth C a rolina R R . —
to G re e n sb o ro , N . C .................. 279
G o ld s b ., N . C ., to G r e e n s b .. 130
G re e n sb o ro t o C h a rlo tte , & c .
94
C h a rlo tte , N . C ., to A u g u s ta ,G a . 190
C o lu m b ia ,S .C ., to G reen v ,S .C . 144 A tla n tic & D a n ville R y . —
W e s t P o in t, V a ., t o N e a p o l ls .. 179
N o rfo lk to D a n ville , V a ., an d
S a lisb u ry, N . C ., t o M orristow n ,
b r a n c h e s ........ ............................. 268
T en n ___________
231 L o c k h a r t R R ..........................
14
14
M em phis t o S te v e n s o n , A la ____ 272 O t h e r ...............................
B ristol t o C h a tta n o o g a , T e n n . . 242
Controlled by secu rities—
C oster to C u m b erlan d G a p , K y .
64 A tla n tic & Y a d k in _____________
161
O o lte w a h , T e n n ., t o B ru n s­
S ta te U n iv e rs ity R R ....................
10
w ick , G a .......................................... 410 E lb c r t o n S o u th e rn R y ..................
51
A u stell, G a ., t o S ta te L ., M is s . 260 N o rth C a rolina M id la n d .............
54
A tla n ta J e t ., G a ., t o Y o r k , A la . 271 R osw ell R R ........................................
13
A tla n ta , G a ., to F t. V a lle y , G a . 102 O th er r o a d s ............................
163
E . S t. L ., 111., t o N . A lb ., I n d . 265
Trackage rights—
B ra n ch es, & c ......................................1,346 H a r d e e v ’o , S . C ., t o S a v ., G a . .
17
W a s h in g to n , D . C ., to A le x ., V a .
10
T o ta l o w n e d ................................... 4 ,2 5 5 S te v e n so n t o C h a tta n o o g a , & c .
38
Y o r k , A la ., t o M eridian , M is s ..
27
Leased— ( ‘ see this c o .) —
K e n t u c k y & In d ia n a B r id g e ___
10
• A tlan ta & C h arlotte A ir L in e ,
S elm a, N . C ., t o P inners P t ., V a . 154
C h ari., N . C ., t o A rm o u r, G a . 263 S a v a n n a h , G a ., t o J a ck so n v ille 152
08 O t h e r ____________________________
•G eorgia M id lan d R y ___________
73
F ran k lin & P it t s y lv a n ia ________
30
• M obile & B irm in gh am R R . —
T o ta l m ileage o p . J u ly 1 9 0 9 ..7 ,0 5 0
C ontrolled— operated separately—
M obile, A la ., t o M arlon J e t . . 150
M obile & O h io (see this c o . ) ___ 926
• Southern R y ., Car. D lv .—
A u gu sta S o u th e rn (see this c o .)
83
C h arleston . S . C ., t o A u gu sta,
S o u th . R y . C o . In M is s is s ip p i.. 281
G a .. w ith b ran ch es t o C o­
44
lu m b ia , S . C ., & c __________ 252 B lue R i d g e . . .....................................
C a m d e n .S .C ., t o M a rlo n ,N .C . 171 V irgin ia & S o u th w e ste rn _______ 17 4
58
A s h e v ., N . C ., t o A lsto n , S .C . 134 T a llu lah F a lls ..........................
83
O th er b ra n ch e s ........................... 201 D a n v ille & W e s te rn ------------------10
31 H artw ell R y ...................
• R ich m o n d & M eck len b. R R . .
A lso has o n e -s ix th Interest In R ic h m o n d -W a s h in g t o n C o ., o w n in g un ion
line b e tw e e n R ic h m o n d an d W a s h in g to n , 115 m iles. V . 7 5 , p . 449 .
H as p erp etu al track age rights o v e r A tla n . C oa st L ine R R . betw een
S a v a n n a h , G a ., J esu p an d J a c k s o n v ille , F la ., 152 m iles.
In A u g. 1906 a cq u ire d th e e n tire s to c k o f th e V irgin ia & S o u th w e ste rn ,
e x te n d in g fro m B risto l, V a ., n o rth e rly t o B ig S to n e G an an d s o u th e r ly to
M ou n tain C ity , T e n n ., 134 m iles, w ith e x te n s io n s bu ild in g fro m M occa sin
G ap to P ersia, T e n n ., 38 m iles, and t o coal fields, a to ta l o f 73 m iles. V 86
. 1161; V . 87. p . 98. In A p r. 1909 25 m iles w e re o p e n e d o f 65 m iles fro m
ta ry sv llle , T e n n ., t o B u sh n ell. N C .; part o f s h o r t line betw e e n K n o x v ille .
T e n n ., an d A tla n ta , G a. V . 8 4 , p . 1183, 129.

S

Affiliated but Operated Separately— (See each company).
117
A la b a m a G reat S o u th e r n ............... 3571 N orth ern A la b a m a ____
C ln cln . N . O . & T e x a s P a c i f ic .- . 3 3 6 (G e o rgia S o u th e rn & F lo r id a ______397
O R G A N I Z A T I O N , E T C .— A re o rg a n iz a tio n in 1894 o f th e o ld R ic h m o n d
& W e s t P o in t T e r. s y s te m , per p la n In V . 58, p . 3 6 3 , 385. See also V . 56.
p . 858 , 874 , 1016. 1058, and V . 57. p . 61.
In 1903-04 Jointly w ith L o u . & N ash , a c q u ir e d $ 1 3 ,6 7 0 ,3 0 0 o f th e
$ 1 5 ,5 0 0 ,0 0 0 C h ic. In d . & L o u . s to c k In e x ch a n g e fo r their Joint 5 0 -y e a r 4 %
b o n d s.
V . 74, p . 1029, 1090
S T O C K .— A u th o rize d $ 1 2 0 ,0 0 0 ,0 0 0 com. an d $ 6 0 ,0 0 0 ,0 0 0 5 % non-cum.
pref stock. N o ad d itio n a l m tge can be p u t u p o n the p r o p e r t y , n o r can th e
a m o u n t o f th e p re f. s to c k b e Increased w ith o u t th e c o n s e n t o f h olders o f a
m a jo rity o f th e p re f.
As t o w h e th e r th e p re f. Is ca lla b le , see|V. 7 2 , p. 1136.
V O T I N G T R U S T .— A m a jo r it y o f b o th classes o f s to c k Is d e p o s ite d w ith
three s to c k trustees u n d er an e x te n s io n co n s e n te d t o In 1902, u n til O c t. 15
1907. an d th erea fter until term in ated b y a v o t e o f a m a jo r it y o f the s to c k
assen tin g th e re to , alth o u g h the s to c k trustees m a y , In their d is c re tio n ,
de liv e r the s to c k a t an earlier d a te .
S to c k tru stees: J . P . M organ. Charles
Lanier an d G eorge F . B a k er.
P r o v isio n s o f v o t in g tru st an d p re f. s to c k
ce rts, in " S u p p le m e n t ” o f A p ril 189 7, p , 6. V 7 5 , p 4 4 2 , 61
103

IN T E R E S T OR D IV I D E N D S

R A IL R O A D S
F o r exp la n a tion o f colum n headings, & c, see notes
on first page o f tables

M ile s
of
R oad

D a te
of
B on d s

S iz e, or
Par
V a lu e

A m oun t
O utstanding

R ate
%

$1,000 d $ l . 025 ,0 0 0
4
F
&
50 1884
1,000 c 2 , 414 ,0 0 0
&
J
300 1884
6 g
W e s te rn N orth C arolina first co n s m tg e g o ld C e.c*
1,000
3 ,1 0 6 ,0 0 0
J
&
552 1880
5 g
E a st T en n V irginia & G eorgia D lv m tg e g o ld C e .c
1,000 1 2 ,7 7 0 ,0 0 0
s
M A
5 g
E T V a & G a con s M g o ld ($ 2 0 ,0 0 0 ,0 0 0 ) . .C c . c & r 1,020 1886
1,000
1 ,0 0 0 ,0 0 0
&
95 1879
J
6 g
A la b a m a C entral 1st M
l d -,-9®
1,000
2 ,0 0 0 ,0 0 0
A
s
J
66 1885
6 g
K n o x v ille & O h io 1st M g o h l ( V 7 9 - p 1466) C e .c &r
B— Southern R ailw ay D iv isio n a l S ecurities
(
1,000
4 ,5 0 0 ,0 0 0
s
1,020 1894
M A
5 g
E a st T en n essee lien f o l d - - - - - - - - - - - - - - —
1,000
6 .8 8 3 ,0 0 0
292 1898
,T &
5 g
M em phis D lv 1st M ($ 8 ,000,000) g o ld
-..Q .c
J
100 Asc
148 ,100
A
s
28 1879
6
C h a rlottesville A R ap 1st M s 1 red par Jan 1 y e a rly
s
500
150 ,000
24 1898
,T 8c
4 g
A iken B ran ch first m ortg age g o ld (V 6 8 , p 826)
A
1,000 1 2 .5 0 0 ,0 0 0
A
s
4 g
J
365 1901
S t L ou is D iv is ion first i ortgage g o l d - . - - - - IC .c Asr
m
8 ,1 0 9 ,0 0 0
s
1901 1,000 Asc
M A
4 g
C oll M e S 9 .500,000 s f sec M & O gen 4 s - _ - ( i . c ocr
M ob ile & O h io b on d s — See M obile & O h io R U Co
r __ On P rop erties P ractica lly Owned by (*) o r Leas ed to (a) So uthern R V
1,000
1 ,5 0 0 ,0 0 0
A fc
166 1899
4 g
A tla n tic A Y a d k in Itrst m o rtg a g e g o ld g u a r . . C e.c*
s
1,000
3 1 5 ,0 0 0
4g
M A
31 1899
s
a U lc h m o n d & M ecklen bu rg 1st M $ 3 1 5,00 0 g o l d - . c
100
1 ,7 0 0 ,0 0 0 7 in 1909 M A
t
1,000
1877
500 ,000
,T A
s
4H
f l i p r e ? M (oi(lC7B M t 'l n 100Y . V 0 4 ." i> " 2 8 6 )" c u " n -r .c ; 2 6 5 H
1,000
4 ,2 5 0 ,0 0 0
J
A
s
265 H 1877
4H
1880
500
750 ,0 0 0
J
&
4H
1 ,6 5 0 ,0 0 0
A A
1896
1,000
s
3 g
•G eorgia M id lan d first m o rtg a g e Interest g u a r . - . C e
4 ,0 0 0 ,0 0 0
7
1
-' A
100
a N o r th C a rolin a s tock 7 % g u a r a n te e d -------600 ,000
.1
A
s
149 1895 200 1,000
5 g
a M ob lle & B irm in gh am IIR prior Hen g o ld -------C e .c
&
1,2 0 0 ,0 0 0
4
149 1895 200 1,000
J
F irst m ortg a ge $ 1 ,2 0 0 ,0 0 0 ------------------------------- M c .c
A
c
100
9 00 ,000
4
J
—
P referred s t o c k ----------- — - - - ---------------------------N orth ern A laba m a R y — S ee th a t c o m p a n y
1,000
3 ,9 2 5 ,0 0 0
J
A
s
278 1900
4 g
a A tla n tlc & D an ville first m o r tg a g e ..........................Ale
A
1,000
J
775 ,0 0 0
278 1904
4 g
S econ d m ortg a g e g o l d - - - - - - - - - - - - - ------- - - - - T a
A
s
J
4 34 ,000
42 1906 1,000 &c
5 g
a T ra n sy lv a n la first m tg e $50 0 ,0 0 0 g o ld — S .c &r
V irgin ia & S ou th w estern R y — S ee th a t c o m p a n y
Sm ithern R a ilw a y . C arolina D iv is io n —
„
s
M A
5 ,2 5 0 ,0 0 0
1,000
5 g
245 1894
a S oS th C aro A tf eorgla 1st M g o ld $5 250 ,0 0 0 _ C e .c*
s
&
1895
1,000,000
J
1,000
4 g
•Spar U n ion A Col $ 1 ,0 0 0 ,0 0 0 gu a r Ash & Sp g o l d .
s
A &
100,000
1,000
5 g
"lf> 1899
S u m ter A W ateree R iv e r R R first m o r tg a g e -------C c
s
A
s
J
5,000,000
1902
1,000
4 g
G eneral m ortg a ge $ 1 8 ,0 0 0 ,0 0 0 g o ld
------------------N
A:
J
5 ,1 9 1 .1 0 0
5
100
333
w pstorn (G e o r g ia )— S to c k (see t e x t ) -----------------d $22 5, 000;
under first c o n s o l id a t e d m o r tg a g e ;
S
A b o a d d itio n a l a m o u n ts p le d g e d Ju n e 30 1009

Southern R y — (Concl) — W a sh O h io & W e s t 1st M -C e

S

r S

K

- f

'.Vi

m v s f % ) 1 1897. 1898. 1899. 1900. 1901. 1902 to A p r 190 7. O ct 1907.
O n p r e f- I 1
1
2
3
4
5 y e a rly A & O
1H
n „ o c t 17 1907 \ Y i% w as p aid fro m a c c u m u la te d su rplu s, m a k in g 4 %
fo r the y e a r .
V . 85, p. 4 7 0 . N o n e sin ce to O ct. 1909.
V . 8 6 , p . 669 .
B O N D S .— T h e first consolidated m ortgage (see a b s tr a c t In V . 59, p . 783;
RCC a lio V 81. p. 1850; V . 8 4 , p . 392) Is lim ited to $ 1 2 0 ,0 0 0 ,0 0 0 , v iz .;
Issu ed t o Ju n e 30 1909 (o f w h ich $65 ,300 In tr e a s u r y )................. $ 5 2 ,1 6 0 ,3 0 0
Issu able o n ly t o f " p r l o r b o n d s ” (see V . 59, p. 7 8 5 )........................... 0 2 ,1 3 9 ,7 0 0
5 .7 0 0 ,0 0 0
retire c e r ta ln (s to c k s (sec V . 59, p . 7 8 6 ) ............. ...........- - - - P rior b on d s m u st be p aid b y m a tu r ity , e x c e p t th o se o f A t l. & C h ari. A ir
L in e , A la . C en t, and R ic h m o n d Y o r k R iv e r A C h es.
s
A p p lic a tio n of $20 0 ,0 0 0 ,0 0 0 D evelopm ent and G eneral M ortga ge B on ds.
........................................................ - ......................$ 1 5 ,0 0 0 ,0 0 0
Issu a b le fo rth w ith
(1) T o retire d iv ision a l p rio r Hens n o t p r o v id e d fo r b y th e co n - ^ ^
000
( 2 )S° T o reUren^ir6? 0 ^ , 0 00" co lla te ra l trust as,"paid o f f A p H lT 1909 lo'.OOO^OO
" ’
(3) T o retire e q u ip m e n t c a p ita l o b lig a tio n s m a tu rin g In the n e x t ^
, , \ Vn°j?cm iTre"capital"stocks o f certa in leased lin e s --------------------- 1 0 ,0 0 0 ,0 0 0
(5) F o r Eastern D ivision o f T e n n essee Cen tral (o p tio n e x p ire d ) 1 0 ,0 0 0 ,0 0 0
/«* T o p r o v id e fo r fu tu re a cq u isitio n s and be tte rm e n ts u nd er
s t r in g e n tp r o v is io n s (a) a t n o t e x c e e d in g $5 0 00 ,000 y e a r ly
fo r Im p rov em en ts a n d e q u ip m e n t, an d (b) in e x c h a n g e fo r
first m ortg a g e b on d s n o t e x c e e d in g In a m o u n t the a c tu a l c o s t
th ereof o f railroads an d term inals hereafter a c q u ir e d --------------- 0 9 ,8 3 4 ,0 0 0
T h e “ developm ent and general mortgage bo n d s,” o n re tirem en t o f $ 1 6 ,0 0 0 ,­
000 colla tera l tru st 5s d u e A p ril 1 1909, b e ca m e a first lien o n 764 m iles o f
roa d o w n e d In fe e , the lease h o ld , tra ck a g e o r o th e r rights on 1,085 m iles,
an d the m a jo rity of s to c k o f roads a g g re g a tin g 475 m iles, a to ta l o f 2,324
m iles; also on s tock s g iv in g p e rp e tu a l rights to use H eigh t anil passenger
term in al p ro p e rtie s a t 16 o f the prin cip a l S ou th ern citie s, In clu din g a brid ge
o v e r the O h io R iv e r a t L o u is v ille , an d all fu tu re a c q u is itio n s , c o n s tru cte d
o r a c q u ir e d . T h e y are also a s e co n d lien s u b je c t to e x is tin g d iv isio n a l
m ortg a g es , fo r w h ich b on d s are re se rve d , o n 1,272 m iles, a n d a general Hen
s u b je c t t o th e first con so ls on the p r o p e r ty c o v e r e d th e r e b y . See V . 8 2 ,
D. 397; V . 8 6 , p . 1468: V . 8 8 , p . 565, 626 , 1622.
* D ivision a l first mortQCLQe b o n d s, Issued In 1808 on a c c o u n t o f p u rch ase o f
M em AsChari R y , bear 5 % interest since J u ly 1 1906. T h e to ta l a u th o r ­
ized Issue Is $ 8 ,0 0 0 ,0 0 0 b u t $ 1 ,5 0 0 ,0 0 0 w as reserved to b u ild a line (u n d e r
c o n s tr u c tio n In 1909) re p la cin g tra ck a g e b e tw e e n S te v e n s o n an d C h a tta n ­
o o g a 42 m • th e rem ain in g $ 1 .4 1 7 ,0 0 0 Is held fo r b e tte rm e n ts a t n o t e x c c e d lnlsiO O .O O O y r ly . V . 6 7 . p . 179; V . 8 1 , p . 1180; V . 8 3 , p . 436 ; V .8 4 ,p . 392 .
S e c o n d m tg e . on form e r M em . A C hari, secures $ 2 ,5 0 0 ,0 0 0 o f 5s, o f w h ich
s
$1 500 000 ow n ed b y S ou th ern R y . Jun e 30 1909 an d $ 1 ,0 0 0 ,0 0 0 reserved fo r
Im p rov em en ts. St. L ou is D iv isio n m tg e . c o v e r s the fo rm e r L o u . E v a n s v . A
s
St L R R . the b a lan ce unissued be in g reserved fo r e x te n s io n s . Im p ro v e ­
m en ts o r a d d ition a l e q u ip m e n t.
7 “® R* 128; V . 8 4 , n . 392 .
*
T h e colla tera l trust 4s o f 1901 h a ve been Issued, $ fo r $, In e x ch a n g e fo r the
M obile A O h io gen . 4s as a c q u ir e d , b y a p led ge o f w h ich th e y are s e cu re d .
s
tru st certificates fo r M. & O . s to c k are n ow e n title d to d iv id e n d s a t
rate o f 4 % per ann um In p e r p e tu ity .
V . 72, p . 242 , 82 2 . In 1909 $ 8 ,1 0 7 ,nnn nf th e $9 472 .000 b o n d s and $ 5 ,6 7 0 ,2 0 0 o f th e $ 6 ,0 7 0 ,6 0 0 s t o c k had
heen dpn nslted
V . 7 2 . p. 439; V . 73. p . 664 . See M. & O . s ta te m e n t.
Tolntlv w ith "S t. L ou is A San F ra n cisco R R . gu aran tees b o n d s o f N ew
s
O rleans T e r m in a lC o .
V . 77. p . 3 8 . 699: V . 79. p. 1466.
° i^ nu him en t trusts m atu re as fo llo w s : Series D , $ 1 7 7,00 0 ea ch M . A N .;
s
V s u V 000 ea ch J . A D .; Series H . $22 5,00 0 ea ch M. A N .; Series
P
s
s
K S M 0 ’ 000 ea ch M & N .; and S cries L . $ 3 0 0,00 0 ea ch F . & A . V . 81,
™ iVnn- v R2 n 1 3 2 3 - V . 8 8 , p . 1374.
M iscella n eou s e q u ip m e n t c o n ­
tr a c ts Jui^e' 30 1909, $394,213
G u a ra n ty o f A la b a m a G re a t S ou th ern
c e r tific a te s , V . 81, p . 1725; V . 8 2 , p . 162.
O F N F R A L F I N A N C E S — In F e b . 1909 $21 ,2 3 3 ,0 0 0 - d e v e lo p m e n t an d
g en era l m o r tg a g e " 4 s w ere sold to retire the $16 ,0 0 0 ,0 0 0 c o ll, trust b o n d s
m a t u r in g A p r H * 1909, an d In A p ril 1909 $ 5 ,0 0 0 ,0 0 0 a d d itio n a l d e v e l. and
gen m t| c b o n d s w ere sold a n d $3,8 9 1 ,0 0 0 6 % n o te s o f 1908 draw n fo r p a y ­
m e n t o n M a v l l 909; also a b o u t $ 15,000 000 b on d s sold th e rem a in d er o f
th e n o te s b e in g ca lled fo r p a y m e n t N o v . 1 1909. V . 8 8 , p . 060 , 6 2 o , 1003,
11 L A T E S T R E V E N U E S .— 1 1 9 0 9 --G r o s s , $9 ,0 0 1 ,2 3 3 ; o p . In c ., $ 2 ,930,799
2 m o s ., J u ly 1 to A u g . 3 1 J 19 0 8 - .G r o s s , 8 ,1 1 7 ,1 1 4 ; o p . I n c ., 2 ,6 7 6 ,7 6 7
A N N U A L R E P O R T .— Fiscal ye a r en d s Ju n e 30.
A n n u al m e e tin g Is
h e ld th e s e c o n d T u e sd a y In O cto b e r . T h e re p o r t fo r 1908-09 w as g iv e n a t
len gth in V . 8 9 , p . 989 , 1011. See also e d ito ria l, p . 963.
T r a ffic .— T h e freig h t to n n a g e is w id e ly dive rsifie d , w h ich Is an cle m e n t
o f s tren g th .
A g ricu ltu ra l p r o d u c ts In 1908-09 fu rn ish ed o n ly a b o u t 1 2 %
(c o t t o n a b o u t 6 % ) . w hile a b o u t 3 9 % w as from m in in g Industries (2 9 %
b e in g coal) an d a b o u t 3 0 % w as p r o d u c t o f m a n u fa cto rie s
T o n ra te ,
0.952 cen ts p er m ile; reven u e tr a in -lo a d . 215 to n s.
Y ea rs ending J u n e 30—
190 8-0 9.
1907-08. I n c . o r D e c .
— 319
7,1 7 0
7,489
A v e ra g e m iles o p e r a t e d ______________
+ $205,290
F r e ig h t ...................................................... .$ 3 4 ,3 7 6 ,6 1 9 $ 3 4 ,171 ,32 9
— 8 05 ,170
P a s s e n g e rs ___________
13.510,791
14,315,961
— 153,729
M all, e x p r e s s , Ace------------------------------4 ,3 0 0 ,6 9 7
4,4 5 4 ,4 2 6
G ross e a rn in g s .........................- ...........$ 5 2 ,1 8 8 ,1 0 7 $52 ,9 4 1 ,7 1 6
N e t earnings a fte r t a x e s ................
14,839,388
11,080,290

— $753,609
+ 3 ,7 5 9 ,0 9 8

T o t a l n e t in c o m e ..................................... $17 ,7 3 7 ,6 9 9 $1 3 ,8 4 6 ,9 6 7 + $ 3 ,8 9 0 ,7 3 2
InT crest an d ren tals................. - ...........*1 3 .2 0 8 .3 2 9 * 1 2 .3 8 0 .3 8 7
+ * 8 2 7 .9 4 2
O th er d e d u c t io n s ............................
1 ,0 1 8 ,2 7 0
1,187,436
— 169,176
B a la n ce , surplus fo r y e a r ..................$ 3 ,5 1 1 ,1 0 0
$27 9,14 3 + $ 3 ,2 3 1 ,9 5 7
O F F I C E R S — P res., W . W . F in le y , W a s h in g to n , D . O .; S e c ., R . D .
L a n k fo rd . 30 C hurch S t ., N . Y .; T r c a s ., H . C. A n sle y . W a s h in g to n . D . C.
D ir e c t o r s __ A . B. A n d re w s , R a le ig h , N . C .; W . W . F in le y an d h a lr fa x
H arrison W a s h in g to n , D . C .; S. M. In m a n , A tla n ta , G a .; A d ria n Iselln
Tr Charles S te e le , Jam es T . W o o d w a r d , H arris C. F a h n e s to ck , R o b e r t M
C a lla w a y , Charles L a n ie r, E d m u n d I ). R a n d o lp h an d E . II. G a ry o f N ow
Y o r k .— (V . 8 9 . p . 989 , 1011.)




W here P a y a b le, and by
W hom

W hen
P a y a b le

B on d s— P r in c i­
pal, W hen D u e
S tocks— Last
D ivid en d

1 1924
s
A J P M organ A C o , N Y
do
. do
J
do
do
J
N o v 1 1956
do
do
N
do
do
J
do
do
J
do
do
S
do
do
J
,T P h lla T r , S D & In su r Co
,T J P M organ & C o . N Y
1 1951
do
do
J
S e p t 1 1938
do
do
S
A pr 1 1949
do
do
O
N o v 1 1948
do
do
N
s
S U S M tge A T r u s t, N Y S e p t 4 ’0 9 3
Jan 1 1910
do
do
J
Jan 1 1910
do
do
J
Jan 1 1910
do
do
J
J P M organ A C o , N Y A p r 1 1946
s
A u g 1909 3 H %
A B u rlin g to n , N C
s
J J P M organ A C o , N Y J u ly 1 1945
J u ly 1 1945
do
do
J
J u ly 1 1909 2 %
do
do
J

o

J M erca n tile T ru s t C o , N Y J u ly 1 1948
J T ru s t Co o f A m e r, N V J u ly 1 1948
J S ta n d a rd T ru s t C o , N Y Jan 1 1956
N
J
O
J
J
C$

Cen tral T ru s t C o , N Y
do
do
J P M organ < C o , N Y
&
do
do
M acon and S a v a n n a h ,G a .
1,3 2 5 .0 0 0

M ay 1 1919
Jan 1 1995
Apr 11919
J u ly 1 1952
J ly 3 ’ 09 2 H %

S O U T H E R N R A I L W A Y . C A R O L I N A D IV I S I O N .— C a y c e , S . C ., to
I la r d e e v ille , 129 m iles; C h arleston , S . C ., to A u g u s ta , G a ., 137 m .; K in g v ille , S. C ., to M arlon , N . C ., 208 m .; b ra n ch e s, Acc., 242 m .; t o ta l, 716 m .
L e a se d to the S ou th ern R y . S to c k a u th o r iz e d , $ 7 ,7 9 8 ,7 0 0 , o f w h ich
$ 4 ,1 7 6 ,2 0 0 o w n e d b y th e S ou th ern R y .
O f th e generals o f 1902 ($ 1 8 ,­
0 0 0 ,0 0 0 a u th o r iz e d ), $ 6 ,2 6 0 ,0 0 0 are re se rv e d to re tire a t o r b e fo r e m a ­
t u r ity th e u n d e rly in g d iv isio n a l b o n d s , $ 5 ,0 0 0 ,0 0 0 h a ve b e e n used to
te im b u rse the S ou th ern R y . fo r the p re v io u s p u rch ase o f th e several p rop er­
ties, an d th e rem ain d er Is a v a ila b le fo r Im p ro v e m e n ts, e q u ip m e n t an d e x ­
ten sion s, $ 4 ,0 0 0 ,0 0 0 be in g reserved fo r a n o rth w e ste rn e x te n sio n Into an d
th ro u gh th e States o f S o u th C a rolin a, N o rth C a rolin a, V irg in ia , T en n essee
a n d K e n t u c k y . V . 75, p . 136. P r e s ., A . B . A n d re w s.— (V . 75, p . 3 1 , 136.)
S O U T H W E S T P E N N S Y L V A N I A R R .— See P e n n s y lv a n ia R R .
S O U T H W E S T E R N R R . (G eorgia) .— O w ns M a co n , G a ., t o E u fau la; F o r t
V a lle y to C olu m b u s, G a ., & c., w ith bra n ch es: t o ta l, 333 m iles.
L ea sed fo r 101 ye a rs fro m N o v . 1 1895 to C en tral o f G eorgia R y . a t a
re n ta l o f 5 % on s t o c k . A s to s u it, see V . 7 1 , p . 809; V . 73, p . 1062.
O ffic e , M a co n , G a.
S P O K A N E I N T E R N A T IO N A L R Y .— O w ns fro m S p o k a n e , W a s h ., t o
Y a h k , B . C ., on the C a n adian P a cific R y ., a b o u t 140 m iles, o p e n e d late In
O ct. 1906. C a nadian P a cific, w ith w h ich ro a d It has a tr a ffic a g re e m e n t,
has an o p tio n e x p ir in g J a n . 1 1917 to p u rch a se 5 2 % o f s t o c k , w ith right
to re m a in in g s to ck h o ld e rs to sell a t sam e p rice . V . 8 9 , p. 594. S t o c k ,
$ 4 ,2 0 0 ,0 0 0 ; p a r o f sh a re s, $100.
B o n d s , $ 4 ,2 0 0 ,0 0 0 (see ta b le a b o v e ) h a v e
b e e n s o ld . V . 8 1 , p . 156, 1551. F o r ca le n d a r y e a r 1908, gross, $ 6 5 7 ,6 7 4 ;
n e t, $24 9,75 1; ln t. c h a r g e , $ 21 0,00 0; b a l.. s u r p ., $ 3 9 ,7 5 1 .
F o r 6 m o s . en d .
D e c . 31 1907, gro ss, $37 1 ,5 1 8 ; n e t, $ 1 0 9 ,2 0 2 .
P r e s ., D an iel C. C orb in :
S e c. an d T r e a s ., A lfr e d C. C h apin , 192 B r o a d w a y , N . Y . — (V . 8 9 , p . 594.)
S P O K A N E P O R T L A N D & S E A T T L E R Y .— S p o k a n e , W a s h ., v ia K e n n e ­
w ic k , t o V a n c o u v e r , W a s h ., an d P o r tla n d , O re ., 378 m iles, w ith b ra n ch
fr o m G old en d ale to L y le , 42 m iles: to t a l, 420 m iles, c o m p le te d M ay 1909.
F ro m V a n c o u v e r to a p o in t near P o rtla n d the line Is o w n e d as to an u n d i­
v id e d tw o -th ird s b y the c o m p a n y , a n d as to an u n d iv id e d o n e -th ir d b y the
N o rth e rn P a c. R y . J o in tly c o n tr o lle d b y N o rth e rn P a c. a n d G t. N o r. S to c k
a u th o r iz e d , $ 2 5 ,0 0 0 ,0 0 0 , b e in g Increased fro m $ 1 0 ,0 0 0 ,0 0 0 In A p ril 1908.
B o n d s ($ 1 0 0 ,0 0 0 ,0 0 0 a u th o rize d Issue) are t o bear Interest at a rate t o
b e d eterm in ed fro m tim e t o tim e. O f th e b o n d s, $ 4 0 ,0 0 0 ,0 0 0 w e re Issuable
to c o m p le te the 420 m iles, th e re m a in in g $ 6 0 ,0 0 0 ,0 0 0 be in g re se rv ed fo r
a d d itio n a l m ileage, bra n ch e s, s e c o n d tr a c k , e q u ip m e n t, Asc. V . 8 6 , p . 153 0.
— (V . 8 7 , p . 1301: V . 8 8 , p . 1198.)
S P O K A N E T E R M I N A L C O .— S ee “ E le c tr ic R a ilw a y ” s e c tio n .
S P R I N G F I E L D U N IO N D E P O T C O .— V . 7 7 . p . 770 : V . 7 9 . p . 2 5 8 9 .
S P U Y T E N D U Y V I L & P O R T M O R R IS R R .— O w ns 6 m iles d o u b le tra ck
an d co n n e cts th e N . Y . C. & H u d son R iv e r w ith th e N . Y . & H a rlem .
T h e N . Y . C. & H u d so n R iv e r e a r ly In 1909 a cq u ire d re m a in d e r o f $ 9 8 9,00 0
stock .
V . 88, p . 375 .
L e a se d In p e r p e tu ity In 1909 to N . Y . C. & H . R .
R R , re n ta l c o v e r in g Interest o n b o n d s and 8 % o n $98 9,00 0 s to c k , p a y a b le
Q -M
T h e first m o r tg a g e b o n d s ($ 2 0 ,0 0 0 ,0 0 0 a u th o riz e d Issue) are to b e a r
n o t o v e r 4 % In terest and to b e assu m ed as Issued; $ 2 ,5 0 0 ,0 0 0 w ere Issued
as 3 14s t o b e m o s tly used to re fu n d In d ebted n ess to th e N ew Y o r k C en tra l.
V . 8 9 , p . 164, 2 8 7 .— (V . 8 9 , p . 105, 164 , 287.)
S T A T F I INE & S U L L IV A N R R . — O w n s M o n r o e to n , P a ., t o B e ren ice.
P a . 24 m iles
S t o c k , $98 0,25 0 (p a r, $ 5 0 ).
D iv id e n d , 1 % , p a id D e c. 7
1904
M ortgage co v e rs 5,0 0 0 acres coal la n d s. T h e b o n d s are s u b je c t t o
call a t 105 a fte r 1914 at par.
V . 67, p. 1209.
R o a d leased till 1934 to
P e n n sylva n ia A N ew Y o r k C anal A R R . (re n ta l, $40 ,0 0 0 per a n n u m ), an d
s
c
so o p e r a te d b y L eh igh V a lle y .— ( V . 7 4 , p. 479: V . 76, p . 332 .)
S T A T E N IS L A N D R Y .— C lifto n t o T o t t e n v llle , 12.64 m iles.
S T O C K .— $ 1 .0 5 0 ,0 0 0 , o f w h ich a b o u t $1,0 3 0 ,0 0 0 o w n e d b y B . & O .; par
$75 .
Y e a r e n d in g Ju n e 30 1908, gross, $24 5,34 5: n e t, $ 37 ,311 ; d e d u ctio n s ,
$ 4 1 ,2 0 9 ; b a l., d c f ., $ 3 ,8 9 8 .— (V . 6 1 . p . 737; V . 8 9 , p . 594.)
S T E P H E N V IL L E N ORTH & SO U TH T E X A S R R .— See p a g e 171.
STON E C A N O N P A C I F I C R R .— O w ns fro m a Ju n ction w ith th e S ou th ern
P a cific near P a so R o b le s , C a l., t o S to n e C a n o n , 24 m iles. S t o c k , $60 0 ,0 0 0 ;
par, $100.
B o n d s ($600,000 au th o riz e d Issue) are re d e e m a b le as a w h ole
a t 105 o r b y a sin k in g fu n d o f $25 ,000 y e a rly fro m O c t . 15 1911 an d 10 cen ts
per to n o f coal In e xce ss o f 250 .0 0 0 ton s y e a r ly .
B o n d s a rc g u a ra n teed ,
prln. an d ln t. anB s in k , f d ., b y S to n e C anon C o n so lid a te d C oal C o . th rou g h
a m o rtg a ge on all Its p r o p e r ty s u b je c t t o u n d e rly in g m tg e s . V . 8 8 , p . 3 7 6 .
P re s., T . H . W a tk in s , 71 B r o a d w a y , N . Y . : S e c ., J . F re d e rick E a gle.
40 W a ll S t ., N . Y . — ( V . 8 8 . p. 376 .)
ST O N Y C R E E K R R .— N o rristo w n t o L a n sd a le , P a .. 10 m iles. S to c k I
$200,000 a u th . (p a r, $ 5 0 ), o f w h ich $17 6,10 0 o u ts ta n d in g , th e R e a d in g C o .
o w n in g $110,900 an d gu a ra n teein g the b o n d s, prln . & ln t. V . 8 5 , p . 532.
S U L L IV A N C O U N T Y R R .— R o a d fro m B ellow s F alls t o W in d s o r , V t .,
26 m iles.
O p erated sin ce A pril 1893 b y B o sto n & M aine.
N e t e arn in gs,
less ta xes and Interest o n b o n d s , p aid lessor. S t o c k , $ 5 0 0 ,0 0 0 , o w n e d b y
V e r m o n t V a lle y R R .
F o r y e a r 190 8-0 9, gross. $40 2 ,7 3 5 ; n e t o v e r ta x e s ,
$14 9 ,1 0 3 ; ch arges, $23 ,235 ; new e q u ip m e n t an d Im p ro v e m e n ts, $ 85 ,047 ;
d iv id e n d s ( 8 % ) , $40 ,0 0 0 ; su rp lu s, $ 8 2 0 .— ( V . 6 5 , p . 867 .)
SU N C O O K V A L L E Y R R .— O w ns ro a d S u n co o k t o P ittsfie ld , N . H ., 17
m iles. Leased till 1912 t o C o n co rd & M ontreal fo r 6 % on $24 0,00 0 o f ca p ita l
s to c k ; to ta l s to c k Issued Is $ 3 4 1 ,7 0 0 , o f w h ich $ 1 0 1,70 0 Is n o n -d iv id e n d p a y ­
in g. P r e s ., H iram A. T u ttle , P ittsfie ld , N H .
S U S Q U E H A N N A B L O O M S B U R G & B E R W I C K R R .— W a ts o n t o w n to
B e rw ick , P a ., 47 m iles.
V . 75, p . 34 3 . S to c k $ 1 ,0 0 0 ,0 0 0 . all o u ts ta n d in g :
par o f shares, $50 .
B o n d s, see ta b le .
V . 7 5 , p . 1303: V . 82, p . 753 .
Y e a r e n d in g J u n e 30 1909, gro ss, $10 8 ,2 0 5 : n e t, $ 43 ,617 ; c h a rg e s, $ 4 7 ,7 4 4 .
P r e s ., J . H e n ry C o c h r a n , W illia m s p o rt, P a .— ( V . 8 2 , p . 753.)
S U S S E X R R . — S ta n h o p e to F ra n k lin , N . J . . an d b ra n ch . 30 m iles. O p er­
ated b y D el. L a ck . A W e s te rn , w h ich o w n s a m a jo rity o f the $ 1 ,6 3 8 ,6 0 0
c
s to c k .
D ivid e n d s fro m earnings o f 1899, 3 % : 1900, 4 % ; 1901 to 1903, b o th
In cl., 2 % ye a rly; 1904, 5 % : 1905, n one; 1906, 5 % ; 1907 and 1908, n on e.
C a lend ar ye a r 1908, gross, $15 4,22 2; n e t, $ 31 ,585 ; ta x e s, $ 13 ,700 ; o th e r
In com e, $2,587; m lsc. disb u rse m e n ts, $ 17 ,411 ; b a l., s u r ., $ 3 ,0 6 0 .

R A IL R O A D S
F o r explcm atian o f colu m n headings, & c, see notes
on first page o f tables
S p a r t a n b u r g U n i o n & C o l u m b u s — See S o u th ern R y ,
S p o k a n e I n t e r n a t i o n a l — F irst M $ 4 ,2 0 0 ,0 0 0 g o ld K x c *
S p o k P o r t l & S e a t t — 1st M $ 1 0 0 ,0 0 0 ,0 0 0 g . C e . x c * & r
S p u y t e n D u y v i i & P t M o r r i s — S to c k 8 % g u ar N Y Cen

1st m ortg a g e $ 2 0 ,000 ,00 0 g o ld , see te x t _ C e .x c * & r
S t a t e L i n e & S u l l i v a n — First M $30 0 ,0 0 0 g o l d - .U n .c
S ta te n Is la n d R y a n d S ta te n Is la n d R a p id T r a n s it —
S t e p h e n N o r t h & S o u t h T e x a s R R — 1st M g re d 1917
S t o n e C a n o n P a c — 1st M $ 60 0,00 0 g u ar re d 105 s f _ _ G
S t o n y C r k — ls tM $ 3 5 0 ,0 0 0 e x t In ’ 07 g u (V 8 5 ,p 532) , F P
S u lliva n C o u n ty R R — F irst m o rtg a g e $ 4 0 0 ,0 0 0 ______c
S u n b u r y H a z le to n & W ilk e s b a r r e — S u n b u r y & L e w is t

S u n cook V a lley— S to c k (6 % rental C on & M o n )______
S usq B lo o m s b & B erw ick — F irst M $ 70 0,00 0 g o l d .F P
S y r a c u s e B i n g h a m t o n & N e w Y o r k — S t o c k __________
T a c E a s t — 1st M $ 1 ,5 0 0 ,0 0 0 g re d 110 sin ce ’ 0 8 ..I C .C
T a l l u l a h F a l l s — F irst m o r tg a g e ________________________ S
T a m p a & J a c k s o n v — G aln esv & G u lf 1st M _______ Sc*
F irst c on s ol m o r tg a g e $ 5 ,0 0 0 ,0 0 0 a u th re d 1 0 5 ____ S
T a m p a N o r t h e r n — F irst m tg e $ 5 ,0 0 0 ,0 0 0 g re d 1 0 6 . O B
T a n a n a V a l l e y — F irst M $ 1 ,0 0 0 ,0 0 0 g s t re d 1 0 5 . . . K
T e n n C e n t — P rio r lien M $ 4 ,2 0 0 ,0 0 0 g red 1 1 0 -M S t.c
G eneral m o r tg a g e $ 2 0 ,0 0 0 ,0 0 0 g o ld (see t e x t ) . . . c
T e n n e s s e e R y — F ir s t m tg e $ 4 ,5 0 0 ,0 0 0 g o l d . . . S . c * & r
T e r m i n a l R a i l r o a d A s s o c i a t i o n — F irst m tg e g o l d .S .c
F irst co n s o lid a te d m o r tg a g e $ 1 2 ,0 0 0 ,0 0 0 g o l d . . S , c
G en m tg e r<f $ 5 0 ,0 0 0 ,0 0 0 g s f red ( t e x t ) . .C e ,c * & r
St L o u is B rid g e C o first preferred s to c k g u a r a n te e d .
S e c o n d preferred s to c k gu a ra n te e d (e n d o r s e d )___
■
F irst m o r tg a g e g o l d _____ _______________________c*
u nn el R R o f S t L ou is s to c k gu a ra n te e d (en dorsed)
T e r m i n a l R y ( B u f f a l o ) — 1st M $ 1 ,0 0 0 ,0 0 0 g o l d .- N .c *

M ile s
of
R oad

L ogan sp

_______ Un
F irst m tg e $ 2 ,5 0 0 ,0 0 0 g old g u ar p & 1 ( c n d ) . . U n , c *
T e x a s C e n t r a l — C om m on s t o c k _________________________
P referred s t o c k n o n - c u m u la t lv e ......................................
F irst M $ 2 ,0 0 0 ,0 0 0 g old red 110 ($15 0 ,0 0 0 4 s ) . . F . c *
•$650,000 a d d ition a l 5<i In treasu re lum- an inuo n

S iz e , or
Par
V a lu e

R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

B o n d s— P r in c i­
p a l, W hen D u e
S tocks— Last
D ivid en d

*47
81
91
58
48
45
320
320
35

lslon
$ 1 ,000 $ 4 ,2 0 0 ,0 0 0
J
& J A m e r E x c h N a t B k , N Y J u ly 1 1955
o 5 g
1 .0 0 0 & c
See te x t
See t e x t M & N
M ay 1 1958
8
100
J
& J G rand C en t S ta tio n , N Y J u ly 1 1909 4 %
9 89 .000
1 .0 0 0 &c
2 .5 0 0 .0 0 0
J
& D
do
do
3H
Jun e 1 1959
20 7 .0 0 0
1,000
&
J U n ion T ru st C o , N Y Jan 1 1929
4h g J
re & O hl
658 ,500
500
A & O S t L o u is , M o
5 g
O ct 1 1937
6
J
& D N Y an d S an F ra n cisco J u n e l 1938
5 00 .000
1,000
4
A & O R e a d in g T e rm in a l, P h lla O ct 1 1957
35 0 .0 0 0
1,000
4
35 7 .0 0 0
1.000
A & O S a fe D e p & T r u s t C o , B os A p r 1 1924
n n s y lv a n la R R
6
2 40 .000
100
&
M an ch ester, N H , N a t B k J u ly 1909 3 %
1902
1,000
7 00 .000
&
5 g
F id e lity T ru s t C o, P h lla O ct 1 1952
2 .5 0 0 .0 0 0 8 In 1908
100
Q— I
D L & W R R C o , N Y A u g 1 1909 2 %
1903
88 4 .0 0 0
1,000
J
&
N W H arris & C o , C h ic Jan 1 1923
1909
1 .4 5 4 .0 0 0
M &
S ta n d a rd T r u s t C o , N Y M ch 1 1959
1899
150.000
1,000
J
&
6 g
S ta n d a rd T r u s t C o , N Y Jan 1 1929
1907
1,000
See t e x t
&
5 g
do
do
A p r 1 1937
1908
1 .3 3 1 .0 0 0
&
O ld C o lo n y T r C o , B o s to n J u ly 1 1936
1906
1.000
676 .000
&
K n ic k e r b o c k e r T r C o ,N Y D e c 1 1926
« g
1904
4 .0 1 4 .0 0 0
1,000
4 g
&
Miss V a lle y T r C o , S t L Jan 1 1934
1904
8 ,2 0 6 ,9 0 0
1.000
&
M erca n tile T r u s t C o , S t L Jan 1 1954
5 g
1905
1,000
8 00 .000
&
5 g
S ta n d a rd T r u s t C o , N Y M ch 1 1935
1889
7 .0 0 0 .
000 M g
1,000
&
4
J P M organ & C o , N Y O ct 1 1939
1894
5 .0 0 0 . 000
1,000
5 g
&
do
do
A u g 1 1944
1903 1,000 &c 19 ,7 0 0 ,0 0 0
&
do
do
Jan 1 1953
2 .4 9 0 .0 0 0
100
&
do
do
J u ly 1909
3%
3 .0 0 0 .
000
100
3
J
&
do
do
J u ly 1909 1 H %
1879
5 .0 0 0 .
000 g
500 & c
A &
7
N ew Y o r k a n d L o n d o n A p r 1 1929
1 .2 5 0 .0 0 0
6
J P M organ & C o , N Y J u ly 1909 3 %
1896
1,000
1 .0 0 0 .
000 g
4
G rand C en t S ta tio n , N Y A p r 1 1946
ee V a n d a lla R R
1887
1,000
2 3 ,0 0 0
5 g
M & S I U n ion T r u s t C o , N Y M ch 1 1937
1892
1,000
2 .2 0 7 ,0 0 0
5 g
M & S I R W In th ro p & C o , N Y S e p t 1 1942
2 ,6 4 9 ,3 0 0 S ee t e x t
Y e a r ly F a rm ers L & T r C o , N Y J u ly 15 1 9 0 7 5 %
1 ,3 2 4 ,5 0 0 5 In 190 ) J
&
J
do
do
J u ly 15’ 09 2
1893
1.000
* 6 5 0 ,0 0 0 4 & 5 g A & O
do
do
A p r 1 1923
t sun 000 Issue

I*

i*

11
ort— S
138
138
268

SY RA CU SE B IN G H A M T O N & N. Y. R R .— G e d d e s, N . Y . , to B in g h a m ­
to n , N . Y . , 81 m iles. C on tro lle d sin ce 1869 b y D e l. L a ck . & W e s t ., w h ich
J a n . 1 1909 o w n e d $ 2 ,0 4 1 ,0 0 0 s to c k a n d p u rch a sed th e $ 1 ,9 6 0 ,0 0 0 7 % b o n d s
m a tu rin g O c t . 1 1906 (o f w h ich $ 1 ,4 6 0 ,0 0 0 sin ce r e tir e d ), an d In A u g . 1907
re c e iv e d a u t h o r it y t o p u rch ase th e re m a in d e r o f th e s t o c k . V . 8 5 , p . 4 7 0 .
D I V I D E N D S .—
188 8. 188 9. 189 0. 189 1. 1892 t o A u g . 1909, ln c l.
8
8
13
8 y e a rly (2 % q u a r.)
P er c e n t ................................ 12
G ross.
N et.
Oth. I n c . I n t ., & c. D iv s .
B a l.,S u r .
R E P O R T ,—
1 9 0 8 .........................$ 93 4,36 6 $ 34 1,20 9 $31 9,19 8 $96,371 $ 20 0,00 0 $36 4,03 7
1 9 0 7 .........................1 ,5 1 4 ,9 8 4
662 ,397 .................
5 6,150 .............................
— ( V . 8 5 , p . 470 .)
S Y R A CU SE G E N E V A & CORNING R Y . — See G e n e v a C orn in g & S o u th .
TACO MA EA ST ERN R R . — O w ns T a c o m a , W a s h ., t o G le n a v o n , 63 m iles,
to b itu m in ou s c o a l Helds; b ra n ch e s , 28 m iles; t o ta l, 91 m ile s.
In 1909
th e C h ica go M ilw a u k ee & S t. P a u l a c q u ir e d c o n tr o l.
S tock , co m m o n ,
$ 75 0,00 0: p r e f., 6 % n o n -c u m ., $ 75 0,00 0; all Issued; p a r o f shares, $100.
Of
the b on d s (see ta b le a b o v e ) a d d itio n a l a m o u n ts u p t o $ 1 ,0 0 0 ,0 0 0 c a n be
Issued o n ly a t th e ra te o f $1 3 ,0 0 0 p e r a d d itio n a l m ile o f tr a c k .
V . 76, p.
655 .
Y e a r e n d in g Ju n e 30 1908, gross, $ 31 6,78 7; n e t In co m e , $77 ,2 5 3 ;
In terest, ta x e s , & c ., $ 10 5,58 8; b a l., d e f ., $ 2 8 ,3 3 5 .
P r e s ., H . R . W illia m s,
S e a ttle , W a s h .; S e c ., E . M . H a y d e n , T a c o m a , W a s h .; T r e a s ., F . G . R a n n e y , C h ica g o, 111.— (V . 8 7 , p . 98; V . 8 9 , p . 412.)
T A L L U L A H F A L L S R Y — O w ns C orn elia, G a ., t o F ra n k lin . N , C ., 58
m iles, c o m p le te d J u ly 1907. T h e S o u th e rn R y . o w n s c o n t r o l.
In M arch
1909 $ 1 ,4 5 4 ,0 0 0 b o n d s w ere Issued u n d er new m o rtg a g e t o retire $ 87 4,00 0
b o n d s a n d o th e r d e b ts .
V . 8 8 , p . 687, 750 , 884 .
Y e a r e n d . Jun e 30 190 9,
gross, $98 ,582 ; n e t a ft e r ta x e s , $1,054; In terest o n b o n d s , $24 ,233 ; o th e r
d e d u ctio n s , $ 9 ,0 1 2 ; b a la n c e , d e fic it , $ 3 2 ,1 9 1 .— ( V . 8 8 , p . 750 , 884.)
T A M P A & J A C K S O N V I L L E R Y — S a m p s o n C ity t o F a irfie ld , F la ., 48 H
m iles. L a n d g r a n t, 4 8 0 ,0 0 0 a cre s. I n A u g . 1905 parties Identified w ith
th e G eorgia S o u th e rn & F lo r id a a c q u ir e d c o n tr o l. S t o c k a u th o r iz e d ,
$ 1 ,0 0 0 ,0 0 0 : p a r, $100: Issued J u ly 1909, $ 3 3 8 ,2 0 0 . O f th e first co n so ls
($ 5 ,0 0 0 ,0 0 0 a u th o r iz e d ), $15 0 ,0 0 0 Is reserved to retire th e first 6s.
In S e p t.
1909 $3 5 ,0 0 0 h ad been sold an d $30 0 ,0 0 0 held r e a d y f o r sale. V . 84, p . 1308.
L o a n s a n d b ills p a y a b le Ju n e 30 190 9, $68 ,000 .
Y e a r e n d in g Ju n e 30 1909, gross, $90 ,199 ; n e t , $38 ,598 ; Interest o n b o n d s
$ 9 ,0 0 0 .
In 190 7-0 8, gross, $68 ,9 8 7 ; n e t, $ 1 8 ,4 9 2 . P r e s ., A . P . S tu c k e y ,
O ca la , F la .; S e c ., F . M . S Im o n to n , T a m p a , F la .; T r e a s ., H . E . T a y lo r .
G ain esv ille, F la .— (V . 8 4 , p . 1053, 1308.)
TAA1PA NORTHERN R R. — O w ns T a m p a , F la ., t o B ro o k s v ille , 50 m iles;
u n d er co n s tr u c tio n fro m B ro o k s v ille to D u n n ellen , 35 m iles. S to c k (? ),
B o n d s (a u th oriz ed Issue $5,0 0 0 ,0 0 0 ) are lim ited to $ 10 ,000 p e r m ile o f r o a d ,
8 0 % o f the c o s t o f new e q u ip m e n t an d th e a ctu a l c o s t o f term in als. V . 8 7 .
p . 814 . F o r y e a r e n d in g Jun e 30 190 9, gross, $ 11 1,14 0; n e t, $38 ,5 7 9 .
P r e s ., Charles F . A y e r , B o s to n , M ass.; S e c ., W . F . B e n tln c k -S m lth , B o s ­
ton ; T r e a s ., G o rd o n D e x t e r , B o s t o n , M ass.— ( V . 8 8 , p . 1198.)
T A N A N A V A L L E Y R R .— O w ns ro a d fro m C h ena t o C h atln lk a, A la sk a ,
40 m iles, a n d J u n ctio n t o F a irb a n k s, 5 m iles: t o ta l, 45 m iles. S t o c k ,
c o m m o n , $ 1 ,0 0 0 ,0 0 0 ; p referre d 7 % c u m ., $3 0 0 ,0 0 0 ; p a r , $10 0.
D iv i­
d en d o n p referred s t o c k , 3 K % , p a id J u ly 24 1909.
B o n d s , see ta b le
a b o v e . V . 8 7 , p . 1239. C ollateral tru st 3 -y e a r 8 % n o te s , d u e J a n . 1
191 1, $ 7 2 ,0 0 0 , s ecu red b y d e p o s it w ith N Y , T r u s t C o ., tru stee, o f $ 94 ,000
first 6s. F o r y e a r en d in g Ju n e 30 1908 (40 av e ra g e m ile s ), gross, $ 3 1 2 ,7 3 3 ;
n et o v e r ta x es , $12 4,82 1; ch arges, $50 ,8 4 2 ; b a l., s u r ., $ 7 3 ,9 7 9 .
P r e s .,
F a lco n J o s lln , F a irb a n k s, Alaska; T r e a s ., H arris A . D u n n : S e c ., H . B .
R e ttie .
O ffic e , 115 A d a m s S t ., C h ic a g o .— ( V . 8 9 , p . 226, 919.)
T E H U A N T E P E C NA T IO N AL R Y . — V . 8 3 . p . 123 0, 1591; V . 8 4 , p . 222 .
TE M IS C OU AT A R Y . — V . 83. p. 273, 626; V. 86, p. 795, 1160.
TEN NES SE E C EN TR AL RR . — H arrlm an , T e n n ., w e sterly t o H o p k in s ­
v ille , 251 m iles.
B ran ch es, 59 m iles; lines a t N ash ville term in als, 10 m iles;
to t a l, 320 m iles.
In S e p t. 1909 exte n sio n s fro m H o p k in s v ille a n d P a d u c a h ,
70 m iles, w as r e p o r te d as p r o p o s e d .
L eases till M ay 1 2001, an d ow n s
en tire $ 1 ,0 0 0 ,0 0 0 s to c k o f N a sh ville T erm in a l C o ., In clu din g term inals an d
b r id g e a n d 18 m iles o f tr a c k .
In 1904 re o rg a n iz e d w ith o u t fo re clo s u re .
V . 7 8 , p. 1783; V . 79, p . 213.
On J u ly 1 1908 o p e ra tio n w as resu m ed b y th e c o m p a n y , the S o u th ern R y .
a n d Illin ois C en tral, w h ich p u rch ased the p rior Hen b o n d s, h a v in g a llo w e d
their 3 -y e a r oD tlon t o pu rch ase th e ro a d t o lapse. V . 86, p. 39.
S E C U R I T I E S .— S to c k o u ts ta n d in g , $ 8 ,0 0 0 ,0 0 0 . all c o m m o n (p a r $10 0.)
T h e p r io r lien 4s o f 1904 (orig in a lly 5s, s ta m p e d 4 % ) , a re s u b je c t to call
a t 110 o n a n y Int. d a y since J a n . 1909; o f the p ro ce e d s o f sale s u ffic ie n t Is r e ­
serv ed to retire th e $ 13 ,000 N ash ville & K n o x v ille 6s d u e 1918. V .8 0 ,p .l0 5 9 .
T h e gen . 5s ($ 2 0 ,0 0 0 ,0 0 0 a u th ., M erc. T r . C o . o f S t. L o u is, trustee) are
lim ited (ln cl. $ 4 ,2 0 0 ,0 0 0 reserved t o retire p rio r lien 5s) t o $ 37 ,500 p e r m ile
on th e 3 20 m iles o f present m ileage. T h e rem ain in g b o n d s can o n ly be Issued
fo r a d d itio n a l m ilea ge a t n o t o v e r $25 ,000 p e r m ile. V . 78, p . 1783; V . 79,
p . 213. T h e N ash ville T e rm . m tg e . Is f o r $ 1 ,0 0 0 ,0 0 0 ; s e e th a t c o m p a n y .
E A R N I N G S .— 12 m o s .,1 1 9 0 8 -0 9 -..........G ross, $ 1 ,3 1 6 ,3 9 6 ; n e t, $34 5,19 5
J u ly 1 to J u n e 30.
/
gM
C h airm an o f B o a r d , S. M . F e lto n ; P r e s ., A s h b e l B . N ew ell; V . - P . , E b e n
R ic h a r d s , N . Y .; S e c ., C. E . N o r t o n , N ash ville; A s s t. S e c. a n d T r e a s .,
T h o s . W . S ervlss, N . Y . — ( V . 8 7 , p . 3 9 ; V . 88, p . 1063, 1561; V . 89, p . 6 6 6 . )
TE NNE SSEE R Y . — O w ns O n e id a , T e n n ., t o S tra ig h t F o r k , 35 m iles.
In
J a n . 1909 ex te n s io n o f 20 m iles w as u n d e r co n s tr u c tio n : 10 m iles o f track
w ere b ein g la id .
R o a d t o be 75 m iles In all w h en c o m p le te d . S to c k a u th .,
$ 1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $70 0,00 0: par, $10 0.
P re s ., B ird M . R o b in s o n ;
S e c ., M . T . D e V a u lt.
O ffice , 5 N assau S t ., N . Y . — ( V . 8 1 , p . 1242.)
T E R M I N A L R R. ASSOCIATION OF ST. LO U IS .— P R O P E R T Y .— O w ns
a n d op era tes e x te n s iv e term inals a t S t. L o u is , w ith b e lt lines an d bridges
an d a tu n n el 4 ,8 0 0 feet In len gth ; ow n s a n d o p erates E ast S t. L ou is &
C a ron d elet R y .. 12 m ., since 1903. V . 74, p. 479: V . 8 3 , p . 1168. T o u c h ­
in g th e M issouri & Illin ois B rid ge & B e lt R R . , see th a t c o ’s sta te m e n t.
O R G A N I Z A T I O N .— O rga n ized In 1889. T h e fo llo w in g co m p a n ie s are
sole ow n ers: C levela n d C in cin n ati C h ica g o & S t. L o u is , L ou isville & N ash ­
v ille , S t. L ou is Ir o n M ountain & S o u th e rn , B a ltim ore & O h io Sou th w estern
M issouri P a cific , W a b a s h , V a n dalla R R , (P e n n . R R . s y s t e m ). C h ic. R o o k




I N T E R E S T OR D I V I D E N D S
A m ou n t
O utstanding

C aroll n a D Iv
1905
1908
6
1909
‘ 24 1898
S ee B a ltlm o
43 1907
24 1908
10 1872
1894
o w n — See P e

B

T e rre H a u te & I n d ia n a p o lis ; T e rre H a u te &
T e r r e H a u t e & P e o r i a — First m o r t g a g e g o l d

D a te
of
B on d s

Isl. & P a cific, S t. L ou is & S an F r a n ., C h ic. & A lto n , C h ic. B u rl. & Q u in c y ,
111. C en tral, S o u th e rn R y . a n d th e M o. K a n . & T e x ., the se v e n last n a m ed
h a v in g a c q u ir e d their Interests In D e c. 1902 a n d J a n . 1903.
V . 75, p. 1355;
V . 7 6 , p . 103. T h ese c o m p a n ie s agree u n d er c o n tr a c t to use the p r o p e r ty
fo re v e r a n d p a y as tolls th e Interest, ta x e s, ren tals a n d o th e r ch arges, an d
ea ch line w ill co n tr ib u te Its p r o p o r tio n to the e x t e n t o f o n e -fo u rte e n th t o
m ak e u p a n y d e ficie n cy fro m unforeseen circu m s ta n ce s . See V . 79, d 499
S ee also S t. L ou is M erch a n ts’ B rid g e T e rm in a l R R . S u it b y G o v e rn m e n t
p e n d in g In U . S . S u p rem e C o u rt, V . 8 8 , p . 1374.
L E A S E S .— T h e leases o f the B ridge a n d the T u n n e l are fo r th eir c o r p o r a te
e x is te n ce , a n d w ere m ade J u ly 1 1881.
As to litig a tio n , see V . 7 7 . t>. 299,
512; V . 7 8 . p . 1908, 244 3, 2600; V . 8 1 . p . 3 2 , 166 6,
1v
*
S T O C K .— A u th o riz e d , $ 5 0 ,0 0 0 ,0 0 0 ; o u ts ta n d in g Ju n e 190 9, $ 2 ,8 8 2 ,0 0 0
o„?v,°^N ?oS ’ & n T , S ru he K n - M n
£
4 % S- f * e ° ld b d s - o t 1953 ($ 5 0 ,0 0 0 ,0 0 0
’ 5 2 0 ,0 0 0 ,0 0 0 h ave been so ld fo r n ew c o n s tr u c tio n , Im p ro v e m e n ts an d
a d d itio n s , $17 ,5 0 0 ,0 0 0 are reserved t o retire e x is tin g b o n d s a n d $ 1 2 ,5 0 0 ,0 0 0
fo r Issue a t n o t o v e r $ 1 ,0 0 0 ,0 0 0 y e a r ly fo r Im p ro v e m e n ts a n d a cq u is itio n s .
A sin k . fd . c o m m e n cin g J u ly 1 1906 w ill retire $10 0 ,0 0 0 o f these b o n d s y e a r ly
b y lo t a t 110 an d Int. If n o t pu rch a sa b le fo r less. T h e en tire Issue Is s u b je c t
$Q,c a iI„ 5 t
an d In t- o n a n d a fte r J a n - 1 l 9 1 0 - See V . 76, p . 267 , 3 8 3 ,
481, 807; V . 79, p. 499: V . 83. p . 1168; V . 85, p . 1647; V . 8 6 , p . 1591.
^ ^ ^ ^ r a n t e e s $ 3 ,5 0 0 ,0 0 0 S t. L . M erch a n ts’ B rid g e T e r . 1st 5s a n d interest
o n $2 ,0 0 0 ,0 0 0 1st 6s o f M erch a n ts’ B rid g e . See th o s e c o m p a n ie s .
A N N U A L R E P O R T .— Y e a r ends Jun e 3 0 .
Year—
G ross.
N et.
Other I n c .
Charges.
B a l.. S u r
J90 8 -0 9 ............... $ 2 ,3 2 2 ,5 3 5
$862,344
$ 1 ,9 8 6 ,2 7 2 $ 2 ,2 7 2 ,1 7 7
$576?439
2,264,351
769,541
2 ,0 8 2 ,3 7 2
2 ,3 4 2 ,8 3 4 509,079
1997 - ° 8 ..........
C h airm an o f B o a rd , Julius S . W alsh ; P re s ., W . S . M cC h esn ey Jr : S ec
C. A . V In n edge; T r e a s ., F . C. D a a b .— (V . 8 7 , p . 546: V . 8 8 , p . 1374.)
T E R M I N A L R Y . O F B U F F A L O .— B lasdell, N . Y . , t o D e p c w , Erie C o ..
N . Y . , 11 m iles. O pen ed S e p t. 15 1898. V . 6 7 , p . 530. S to c k Is $ 1 .0 0 0 .000 . L ake Sh. & M ich . S o . a n d N . Y . C. & H . R . R R . ea ch ow n s 5 000
shares o f the s t o c k .
Y e a r t o D e c. 31 1908, gross, $ 1 0 4 ,0 6 3 . S e c ., D . W
P a rd e e , N . Y . — (V . 67, p . 530.)
T E R R E H A U T E & P E O R IA R R .— (See M a p s o f P e n n sy lva n ia R R .) —
R o a d o p e ra te d fro m T erre H a u te , I n d ., v ia D e ca tu r, t o P e o ria , 111., 174 m ,
o f w h ich 138 m . are o w n e d a n d h alf Interest o w n e d In 8 m ., an d 28 m . Is b y
track age o v e r o th e r ro a d s .
F ro m O c t. 1 1892, leased fo r 99 years t o th e
T erre H au te & In d ia n a p o lis a t rental o f 3 0 % o f gross earn in gs, w ith a
m in im u m s u fficie n t to p a y Int. o n d e b t , the lease be in g assu m ed J a n . I ’ 0 5 .
b y the V a n dalla R R . See V . 55, p . 766; V . 81, p. 212.
Lessee ow n s $ 646 .­
700 o f the $ 1 ,8 3 7 ,4 0 0 p re f. a n d $ 1 ,5 5 9 ,3 0 0 o f th e $ 1 ,9 2 6 ,8 0 0 c o m m o n ,
B O N D S .— T h e co n so ls (U n io n T ru st C o ., N . Y . , tru s te e ), .ca rrv th e
g u a ra n ty o f the T . H . & In d ia n a p o lis .
In 1905 all b a c k c o u p o n s w ere paid
v . 81. p. 156, 2 1 2 : V . 7 2 , p . 481 , 873 . S ec g u a r a n ty , V . 8 1 , p . 2 1 2 .
‘
E A R N I N G S .— F o r c a l. y e a r 1908, gross, $ 71 0,09 3; n e t, $ 10 ,615 ; re n ta l
fro m lessee, $21 3,02 8: b a l., loss t o lessee, $ 2 0 2 ,4 1 3 .— (V , 81, p . 212 .)
T E X A S C E N T R A L R R .— R O A D .— W a c o t o R o t a n , T e x ., & c., 268 m iles.
D IV S .— % — ’ 97. ’ 98. ’ 9 9 . ’ 0 0 . ’ 01. ’ 02 t o ’ 0 4 . *05 t o ’ 07, ’ 08.
1909
O n c o m m o n ...............................
2 )(
2 X y ’ ly .
5 y ’ ly .
0
o
O n preferred . . 3
3
4
4 7 H 5 y 'l y .
5 y ’ ly .
5
5
L A T E S T E A R N I N G S .— 1 1 9 0 9 ------------------ G ross, $15 5,67 2: n e t, $ 13 ,229­
2 m o s ., J u ly 1 to A u g . 3 1 .J 1 9 0 8 -------------------G ross, 159 ,907 ; n e t , 39,071
R e p o r t fo r y e a r en d in g Ju n e 30 1909 w as In V . 89, p . 914, s h o w in g (268.
ave ra g e m ile s ), gross, $ 1 ,1 6 4 ,4 8 1 ; n e t, $ 23 6,21 4; ch a rge s, $69,222; d i v i ­
d e n d s, $66 ,225 ; new e q u ip m e n t an d Im p ro v e m e n ts, $124,272; b a la n c e . .
d e ficit, $ 2 3 ,5 0 5 .— (V . 8 7 , p . 933: V . 89, p . 848, 914 .)
T E X A S M I D L A N D R R .— R o a d fro m Ennis o n H o u s to n & T e x a s Central
R y . t o Paris, T e x ., 125 m iles, o t w h ich 13 tra ck a g e o v e r S t L ou is S o u th ­
w estern.
In 1893 purch ased b y M rs. H e tty G reen . S to c k , $11 2,00 0; par
$100.
In Jan . 1909 perm ission w as gra n te d to Issue $ 2 ,0 0 0 ,0 0 0 4 % b o n d s ’
V . 88, p . 159, 232.
F o r y e a r 1908-09, gross, $50 9,91 5; n e t, $62 ,543 ; ch arges, $112,274- bal
d e f ., $ 49 ,731 .
I’ res., E . H . It. G re e n , T e rre ll, T e x .— (V . 88, p . 232.)
"■
T E X A S & N E W O R L E A N S R R .— (See M a p S o . P a c . ) ~ H o u s to n . T e x .
t o O range (S abin e R iv e r ), 111 m iles; an d S ab in e Pass to D allas, 3 14 m ilesH o u s to n to C lin ton . 8 m .; N o m e to S o u r L a k e , 8 m .; W e st P o rt A rth u r to
P o r t A rth u r, 3 m .; G allatin to R u s k , 8 m .: t o ta l, 452 m iles,— (V . 8 0 , p .1 4 2 5 .
S E C U R I T I E S , <Scc.— T h e s to c k Is $ 5 ,0 0 0 ,0 0 0 , a ll b u t $400 o w n e d b y the
S o u . P a c.
First 7s arc p urchased b y the s. f. a t n o t o v e r 110. T h ere w ere
also Ju n e 30 1908 $303,350 T e x a s S ch o o l F u nd 6s, Int. M . & N ., prln . p a y a ­
ble 2 % per an n u m .
L a nds u n sold (451,954 acres o n Ju n e 30 1905) be ca m e
a free asset A u g. 1 1905 o n m a tu r ity o f the m ain line m o rtg a g e .
T h e first m o rtg a ge o f 1900 secures b o n d s a t $ 20 ,000 per m ile o n th e ro a d
e x te n d in g fro m R o c k la n d to D allas, T e x ., 218 m iles, a part o f w h ich wasp urchased in 1899, a n d exten sion s h ereafter a cq u ire d o r co n s tru cte d up t o
40 m iles.
V . 70, p. 997; V . 71, p . 183.
E q u ip m e n t b o n d s, $ 61 2,00 0 6s,
all o w n e d b y S o . P a c.
V . 70, p . 1302; V . 8 0 , p. 1425.
E A R N I N G S .— 12 m o s ., 1 1 90 8-0 9---------- G ross, $ 3 ,5 3 8 ,8 3 5 ; n e t, $ 7 6 6 ,7 12
J u ly 1 to Jun e 30.
J 19 07-08---------- G ross, 3 ,7 3 1 ,0 2 7 ; n e t, 7 79 ,969
In y ear e n d in g Jun e 30 1908, gross, $3,8 6 9 ,4 3 4 ; n e t, in c lu d in g o th e r In­
c o m e , $757,893; surplus o v e r ch arges, $ 13 8,00 7.
In 190 6-0 7, gross, $ 4 .­
201 ,098 ; n e t, $ 1 ,0 3 4 ,0 4 5 .— (V . 8 0 , p . 1425.)
T E X A S & P A C IF IC R Y .— (.See M a p M o . P a c .) — N ew O rlean s, L a ., w e st
to E l P a so, T e x ., 1,150 m iles; M arshall v ia T e x a rk a n a J e t. a n d W h lte sb o ro
to F o rt W o r th , 335 m .; b ra n ch e s, 400 in .; t o ta l, 1,885, o f w h ic h 92 m .,
Sierra B la n co to El P a so , tra ck a g e , le a v in g a m o u n t o w n e d 1 ,793 m iles.
O R G A N I Z A T I O N .— In 1888 reorgan ized b y th e plan In V . 4 3 , p. 164
an d V . 45, p. 401, w ith o u t h a v in g the fo re clo su re sale co n fir m e d , thus pre­
s ervin g the original F ederal ch a rter.
S T O C K .— A u th o rize d , $ 5 0 ,0 0 0 ,0 0 0 ; Issued, $ 3 8 ,7 6 3 ,8 1 0 ; par, $100..
M issouri P a cific (ln cl. Iron M tn .) Jun o 30 1908 o w n e d $ 6 ,5 5 5 ,0 0 0 s to c k .
B O N D S .— See 1888 m o rtg a g e a b s tra cts , V . 47. p . 82: V . 78, p. 1448.
T h e W e a th e rfo rd M ineral W ells & N orth w estern ($66 0 ,0 0 0 5s o f 1902) are
gu a ra n te e d , prin cip a l a n d Interest, b y e n d o rs e m e n t.
V . 78, p. 344 . T h e

133
RAILWAY STOCKS AND BONDS.
O ct .. 1909.|



R A IL R O A D S

IN T E R E S T

F o r e x p la n a ti o n o f c o lu m n h e a d in g s , & c ., s e e n o te s
o n f i r s t p a g e o f ta b le s .

M ile s
of
R oad

D a te
of
B onds

T e x a s M id lan d R R — F irst re fu n d in g m tg e $ 2 ,0 0 0 ,0 0 0
111 1908
T e x a s & N O o f 1 8 /4 — S abine DIv 1st M g o ld ____ c * & r
104 1882
209 1893
C o n s o lid a te d m o rtg a g e fo r $ 4 ,1 0 5 ,0 0 0 _
G .c * & r
D allas IMv 1st M g o ld $20 ,000 per m ile ( t e x t ) .U n .c *
___ 1900
T e x a s & P a cific — F irst con sol (n o w 1st) M g o l d .F P .c * 1,387 1888
S e c o n d con s Inc M ($ 2 5,000,000) g (see r e m ).M e ,c * 1,387 1888
L ou isia n a D Iv B r lines 1st M g o ld $12 ,500 p i n .- M e
398 1901
T e x a s S hort Line— F irst m o rtg a g e g o l d _________ U sm
1902
9H
T id e w a te r & W e s te rn — First m tge $60 0 ,0 0 0 g . _ c* & r
92 1905
T io g a R R — F irst m tge due 1882 a n d e x te n d e d g o l d . .
46 1852
___ 1902
T o le d o A n g o la & W — 1st M g red 102 K (V 8 0 , p 164)
T o le d o & O h io C en tral— F irst M g (V 53, p 4 3 6 ) ___ Ce
196 1885
W e s te rn D iv ision first m o rtg a g e g o l d ________ N .c '
Text
1892
G eneral m tge (V 62, p 594) ($ 2 ,0 0 0 ,0 0 0 ) g o l d .C c .c
335 1894
S t M a r y ’s D iv is ion first m tge g o ld $ 5 0 0 ,0 0 0 .- M o .c
61 1901
do
first p ref Inc $ 5 0 0,00 0 n o n -c u m 4 % _ S .r
61 1901
Car trusts— see te x t
G u a r a n t e e d B o n d s — K a n & M ich R y — See th a t co
K & H C & C M g $ 3 ,5 0 0 ,0 0 0 s f red 110 a fte r ’ l l . M o
1901
C on tn en ta l C o a l 1st M g s f red a t 110 a fte r 1 9 1 2 ..S
___
1902
T o l & O h io C en t E x t 1st M (fo re clo s e d ) Int o n ly gu ar
1888
T o le d o P eoria & W e s te rn —-1st M (fo r $5 ,0 0 0 ,0 0 0 ) .F .c*
230 1887
T ol R iv e rs id e — 1st M g red 102 $3 to M arch 1909 te x t
1902
T o le d o T erm in a l— F irst m tge $ 6 ,0 0 0 ,0 0 0 g o ld Int guar 31.27 1907
T o le d o S a g in a w & M u s k e g o n — F irst m o r tg a g e _______
96 1888
T o le d o St L ou is & W e s te rn — P re f s to c k 4 % n o n -cu m
P r io r lien m ortg a g e $1 0 ,0 0 0 ,0 0 0 g o ld ______
p c& r
451 1900
F irst m tg e g $ 6 ,5 0 0 ,0 0 0 red a fte r J u ly 1 9 2 5 .t a c& r
451 1900
C oll tr b on d s secu red b y C & A s t o c k , S er A . . C e . c *
1907
do
do
do
S er B
1907
E q u ip tru st (V 8 3 , p 39) g gu $ 50 ,000 d u e s - a .P e P .c
1906
T o le d o W a lh o n d in g V a lley & O h io— S to c k $ 4 ,0 0 0 ,0 0 0
236
F irst m o rtg a g e ($20,0001 A gu a r p & 1 ( e n d ) . . F . c * '
f 1891
p e r m ile) $4,000,000 )13
do
..
c
236 1 1893
g o ld ................................ J C
do
............. c ,
l 1902
T o m b ig b e e V a lley— F irst M $ 1 ,2 0 0 ,0 0 0 g (see te x t) . K
63 1906

S iz e , or
Par
V a lu e

$1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
500 & c
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1.000
100
1,000 & c
1,000 &c
1,000
1,000
1,000
100
1,000
1,000
1,000

O pelou sa s G u lf & N orth ea stern b o n d s (a u th o rize d Issue $ 5 ,0 0 0 ,0 0 0 , o f
w h ich $ 1 ,1 4 3 ,0 0 0 ou ts ta n d in g , all In th e treasu ry o f T e x . & P a c. D e c. 31
1908) are also g u a ra n teed , an d $10 0,00 0 D enison & P a cific S u b u rb a n 5s.
L ou isia n a B ran ch L in es m tg e . Is lim ite d to $ 7 ,0 0 0 ,0 0 0 . V . 72, p. 5 77 ,118 9.
In terest s c r ip . In com e a n d lan d g ran t b o n d s (a s to c k lia b ility ), rctlrable
u n d er reorga n iza tion a g r e e m e n t), $ 94 ,210 ; o th e r scrip , $7,266.
O n 2d M . Incom e 5s there Is n o rig h t to fo re clo se unless d efau lt Is m ade on
1st m tg e .
All e x c e p t $98 0,00 0 o f the 2ds h a ve been e x ch a n g e d fo r 6 5 % In
S t. L ou is Iron M tn. & S. 4s. V . 68, p . 525, 619, 725 , 774; V . 70, p . 533.
In terest on 2d m tgellO O O
1001
1902 to 1907
1908
1909
4
5 y e a r ly
3J4
0
In c o m e s ( % ) -----------J 1M
E g . b o n d s ( p a r $ 1 ,0 0 0 ). D a t e .
O u ts ta n d ’g . R a te .
M a tu rity .
i ’ 17
_________
_____ ____ ______ _
__,370
J u ly 1 to Ju e 30.
J 1 9 0 7 -0 8 ..G r o s s , 14,275,484 ; n e t, 3 ,420,009
A N N U A L E R P O R T .— R e p o rt fo r 1908 w as In V . 88, p. 818.
Y e a r e n d i n g D e c . 31—
1908.
1907.
1906.
G ross e a rn in g s................................................ $ 13 ,917 ,31 5 $16 ,671 ,66 8 $ 1 4 ,914 ,60 8
N et e a rn in g s.....................................
3 ,6 2 8 ,5 0 7
5 ,093,728
5,0 5 9 ,6 8 5
O th er In com e ...............................................
127,818
110,553
56,017
T o ta l net In com e..................................... $ 3 ,7 5 6 ,3 2 5
$5,204,281 $ 5,115,702
In terest o n first m o r t g a g e -......................$ 1 ,4 9 8 ,5 0 0
$ 1 , 493,625 $ 1,475,659
In terest o n se c o n d In co m e s ___________
_______ ( 3 H ) 863,664 (5 )1 ,2 3 3 ,8 0 6
558 ,429
604 ,1 0 0
333 ,764
T a x e s ...............................................................
I m p r ’ ts, e q u ip ., d is c o u n t, & c..............
1,434,381
2 ,5 0 2 ,7 4 2
1 ,742,045
B a l a n c e .................... ............................ _su r.$ 265,015 d e f.$ 2 5 9 ,8 5 0 su r.$ 330,437
— (V . 8 6 , p . 422 , 669, 722, 792, 920 , 1160; V . 8 8 , p . 507 , 750 , 818.)
T E X A S S O U T H E A S T E R N R R .— S ee p a g e 172.
T E X A S S H O R T L IN E R R .— T E X A S S O U T H E R N R Y — See p a g e 172.
T I D E W A T E R R Y .— See V irginian R y . T I D E W . & W E S T .— See p . 172
T IO G A R R .— S ee "S u p p le m e n t ” o f J u ly 1894. S t o c k , c o m m o n , $ 3 9 1 .­
2 0 0 , a n d $18 9 ,7 0 0 preferred; p a r, $50.
T O L E D O & O H IO C E N T R A L R Y .— (See M a p . ) — T h is ro a d Inclu des:
L in e s ow n ed — •
M ile s .
T r a c k a g e (37 m i l e s ) — ■
M ile s .
T o le d o t o B rem en ________________ 173 W a lb rld g e t o T o le d o ___________
5
A lu m Creek to T r u r o J u n c t io n ___
4 B rem e n to N ew L e x in g t o n ____ n
N ew L e x in g to n to C orn in g _________13 T o C h a u n ce y, C a rrin gton , & c ___ I 30
W h itm o r e to T h u r s to n ___________ 145
P e o . to S t. M a ry ’s, ( V . 73, p .6 6 0 ) 60
T o ta l o p e r a te d _________________ 441
T o ta l o w n e d ____________________ 3 9 5 1K a n aw h a & M ich , (w h ich see)
)
'1 7 7
O w ns all the s to c k an d b o n d s o f Z a n e sv ille & W e s te rn R y ., Thursto'n to
S h a w n ee an d Z a n e sv ille , O ., w ith b ra n ch e s, 89 m iles, o p e r a te d s cp a ra te lv
V . 75, p. 906.
v
y*
In 1899 the M id dle S ta te s C o n stru ctio n C o. a c q u ir e d In the Interest o f
th e H o ck in g V a lle y R y . all e x c e p t $ 54 ,100 o f th e $ 6 ,5 0 0 ,0 0 0 c o m . and
$11 ,6 0 0 o f the $ 3 ,7 0 8 ,0 0 0 p re f. s to c k .
V . 09, p . 1347; V . 71, p. 810. See
also H o ck . V a il. Item , V . 69, p . 1345; V . 71, p . 865.
T h e lo w e r O h io C ou rt h a v in g d eclared c o n tr o l b y H o ck in g V a lle y Illegal,
the ro a d has been in d e p e n d e n tly o p e ra te d since J u ly 1909.
V . 89, p . 4 4 .
D I V I D E N D S .— O n c o m .: In 1891, 2 % ; In 1892, 4 % ; 1893, 2 % ; 1909,
F e b ., 1 % ; A u g ., 1 % fro m earnings o f p r e ce d in g fiscal y e a r.
O n p r e f.,
A p r il 1890 to J u ly 1896, ln c l., 5 % y e a r ly ; 1909, F e b ., 1 % ; A u g ., 1 % fro m
earn in gs o f p reced in g fiscal y ear.
V . 87, p. 412 , 471.
G U A R A N T I E S .— T h e c o m p a n y gu aran tees the p rin cip a l an d Int. o f the
K a n a w h a & M ichigan first m tg e . b o n d s (see th at c o m p a n y ), a n d , jo in t ly
w ith H o ck in g V a lle y R y ., the K . & H o ck . Coal & C oke b o n d s (see V . 74.
p . 271; V . 77, p. 2393) an d C on tin en tal Coal C o. b o n d s (V . 75, p. 499 )also gu aran tees Int. o n ly on $30 0,00 0 T . & O . C en t. E x t. 5s (fo r e c lo se d ).
E q u i p , b o n d s (par $ 1 ,0 0 0 )— D a t e . O u t s t 'g .
H a te.
M a tu rity
E q u ip , n otes d u e $32 ,000 s .- a .l9 0 6 $22 4,00 0 4 )^ & 5 g .J & J J a n .’ lO -Jan ’ 13
do
do
$28 ,000 s .- a . 1907 4 20 ,000 4 M & N 15 M a y ’ 10-M ay’ 17
Z a n e sv . & W e s t, ca r trusts S c * .1907 4 2 5 ,0 0 0 4 g
J & D D e c .’ 0 9 - D c c .’ 17
E A R N S .— 2 M o s .
G ross.
N e t.
O th . I n c .
C h a rg es.
B a l.,S u r .
J u ly 1 to 1 1909.............$72 2,86 2
$235,056
$28 ,017
$ 93,153
$169,920
A u g . 31 /1 9 0 8 _______ 876 ,777 3 34 ,158
2,181
80,326
256,013
A N N U A L R E P O R T .— R e p o r t f o r 1908-09 w as In V . 8 9 , p . 914
O f total
to n n a g e In 1909, 7 2 % w as b itu m in o u s co a l.
Y e a r s e n d i n g J u n e 30—
1909.
1908.
In c. or D ec
O p era tin g re v e n u e s .................................. .. $4,0 8 9 ,6 0 7
$4,1 9 1 ,9 9 9
— $2,392
N e t, a fte r ta x e s ........................... ................$1,1 6 2 ,0 9 3
$1,271,653 — $109,560
O th er in c o m e ......................... .......................
8 9 ,930
155,844
— 65,914
T o ta l n et In c o m e ..................................... $ 1,252,023
In te r e s t, ren ts, & c ___________
$512,821
A d d itio n s an d im p ro v e m e n ts ________
101,444
P referred d iv id e n d , 5 % .....................
185,070
C om m o n d iv id e n d , 1 % _______________
58,463

$1,4 2 7 ,4 9 7
$565,513

68,220

*185 ,070
58,463

— $172,474
— $52,692
% 3 3 ,2 2 4

B a la n ce, s u r p l u s . . . . . . . . . . .............
$394,223
$55 0,23 2 — $156,009
I a id fro m a c c u m u la te d su rp lu s, b u t thus sh o w n fo r sake o f s im p licity
P r e s ., C harles r . L e w is.— (V . 89, p. 44, 412 , 471 , 913.)
T O L E D O P E O R IA & W E S T E R N R Y .— ( S e e M a p s o f P e n n s y l v a n i a R R . )
— O w ns fro m L tfner, In dian a S tate line, to W arsaw , 111., 220 m iles; La
H a rp e to Io w a , 111., 10 m iles; jo in t ly w ith W a b a sh , 1 m ile; track age to
P eoria a n d B u rlin g ton , l a ., 17 m iles; to ta l, 248 m iles.
O R G A N IZ A T IO N .
In 1894 jo in t ow n ersh ip an d m a n a ge m e n t b y P a .
R R . a n d C. B . & Q . w as arran ged. S to c k , $4,5 0 0 ,0 0 0 (p a r $10 0 ); o u t ­
s ta n d in g , $ 4 ,0 7 6 ,9 0 0 .
M ortgage a b s tr a c t. V . 4 5 , p . 242.
E q u ip m e n t trusts an d n otes Jun e 30 1909, $ 1 11 , 4 3 1; bills p a y a b le $798 000 , In clu din g $22 0,00 0 issued Jan. 1905 to p a y oir the d e b e n tu re scrip
’
A N N U A L R E P O R T .— Years e n d in g Ju n e 30 (V . 8 9 . p. 914)Y ea r—
G ross.
N e t (a ft. ta x e s ) . C h a rg es, tm p r 'ts .
B a la n c e
$232,103
$18 ,085 d e f .$69 ,090
1908-09 ........ ............$1,0 9 4 ,1 5 8 >?$ 181,098
1907-08 .................... 1 .2 2 1 ,480-TH 200 ,586
236 .817
44.901
d e f 81 132
— (V 183, p.1689, 819; V . 8 5 , p. 406; V . 8 7 , p . 1084; V . 89, p. 848 , 914 )'




A m ount
O u tsta n d in g

R a te
%

W h en
P a y a b le

$ 2 ,0 0 0 ,0 0 0
4
F
&
2 ,575,000
6 g
M &
1,620,000
J
&
5 g
3 ,9 9 7 ,0 0 0
F &
4 g
2 5 ,0 0 0 ,0 0 0
J
&
5 g
2 4 ,6 6 0 ,9 7 5
M arch
5 g
4 ,9 7 0 ,0 0 0
J
&
5 g
5 £
175,000
.1
&
3 0 0 ,0 0 0
J
&
4 g
239 ,5 0 0
M &
5 £
175 ,000
M &
5 g
3 ,0 0 0 ,0 0 0
.1
&
5 g
2 ,5 0 0 ,0 0 0
A &
5 g
2 ,0 0 0 ,0 0 0
J
&
5 g
500 ,000
F &
4 g
500,000 O ct 1 If earn ed

W h ere P a y a b le , a n d b y
W hom

A
N ew Y o r k C ity .
S S o P a c , 120 B ’ w a y , N Y
J
do
do
A
do
do
1) M ercantile T ru s t C o , N Y
1
p a id M arch 1 1908
J M ercantile T ru s t C o , N Y
J U S M tge & T r C o , N Y
.T Jan . ’08 c o u p o n last paid
N N e w b o ld ’s S on & C o , Ph il
S O hio S a v B k & T r C o , T o l
J Cen tral T ru s t C o , N Y
<)
do
do
D
do
do
A M orton T ru s t C o , N e Y
S e co n d N a t B a n k , T o le d o

3 ,2 5 0 ,0 0 0
5 £
,T &
.T J P M organ & C o , N Y
3 ,0 2 3 ,0 0 0
F & A
do
do
5 g
3 00 ,000
5 £
M & N
4 ,8 9 5 ,0 0 0
J
&
.T A m e r E x ch N a t B k , N Y
4 g
150,000
M & S
5 g
4 ,0 0 0 ,0 0 0
4*S g M & N C o lu m b ia T ru s t C o , N Y
1,6 6 2 ,0 0 0
5
J
&
J All ow n e d b y G r a n d T r ’ nk
1 0 ,0 0 0 ,0 0 0 4 In 1909 A & O C h ecks m ailed
9,5 5 0 ,0 0 0
&
J Cen tral T r u s t C o , N Y
3H g J
6 ,5 0 0 ,0 0 0
A & O
do
do
4 g
6 ,4 8 0 ,0 0 0
F & A N ew Y o r k
4 g
5 ,0 4 7 ,0 0 0
2-4 g
F & A
do
700 ,000
4 M g M & S P en n C o In s o n L iv e s , & c
3 ,5 0 0 ,0 0 0 2 In 1908 Y e a rly All o w n e d b y P en n Co
1 ,5 0 0 ,0 0 0
.T F a rm ers’ L & T r C o , N Y
4H g T &
9 78 ,000
& J
4
g I
do
do
1 ,4 1 8 ,0 0 0
M & S
4 g
do
do
3 0 1 ,0 0 0
A & O N ew Y o r k
5 g

B o n d s— P r in c i­
p a l, W h en D u e
S to ck s— L a st
D iv id e n d ,

Aug
Sept
J u ly
Aug
Ju n e
D ec
Jan
Jan
J u ly
N ov
Sept
J u ly
O ct
Ju n e
F eb
Feb

1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1

1938
1912
1943
1930

2000
2000
1931
1922
1955
1915
1922
193 5
1935
1935
1951
1951

J u ly 1 1951
F e b 1 1952
N o v 1 1938
J u ly 1 1917
M ch 1 1927
N o v 1 1957
J u ly 1 1918
O c t 15 ’ 09 2%
J u ly 1 1925
Apr 11950
Aug 11917
A u g 1 1917
Mch ’ 1 0 -S e p t’ 10
D e c 3 0 ’ 08 2 %
J u ly 1 1931
J u ly 1 1933
S e p t 1 1942
A p r 1 1050

T O L E D O R I V E R S I D E R Y . — B on d s w ere g u a ra n te e d b y e n d o r s e m e n t
as t o prin cip a l a n d Int. b y T o le d o R y . & T e r m . C o . (o ld c o m p a n y f o r e ­
c lo s e d ), CIn. H a m ilto n & D a y to n a n d P ere M a rq u e tte . V . 79, p . 9 6 8 .
P r e s ., H . B . L e d y a r d ; V .- P ., W m . C o tte r .— (V . 86, p . 28 7 .)

TOLEDO SAGINAW & MUSKEGON RY.— See page 172.
T O L E D O S T . L O U I S & W E S T E R N R R . — ( S e e M a p . ) — O w n s fro m T o le d o
to East S t. L o u is, 451 m . (611$ & 7 0 -lb . steel rails); sid in gs, & c ., 171 m .;
also has tra ck a g e to S t. L o u is a n d T o le d o U nion d e p o t s .
O w n s J o in tly
w ith the G rand T ru n k W e ste rn R y . all th e s to c k o f the D e tr o it & T o le d o
Shore L in e R y ., D e tro it to T o le d o , 48 m ile s, J oin tly g u a ra n te e in g Its 4 %
b o n d s; presen t Issuo $ 2 ,0 0 0 ,0 0 0 .
V . 76, p . 6 5 5 .
O R G A N 'N .— S u c c e s s o r o f T o l. S t. I.. & K . C. (fo r e c lo s e d ). V . 7 0 , p . 1196.
In A u g . 1907 a c q u ir e d c o n t r o l o f the C h ica g o & A lto n , v iz ., $ 6 ,3 8 0 ,0 0 0
p re f. a n d $ 1 4 ,4 2 0 ,0 0 0 c o m m o n s t o c k . S ee B o n d s b e lo w .
S T O C K .— C o m m o n a n d p re fe rre d (4 % n o n -c u m .), $ 1 0 ,0 0 0 ,0 0 0 e a c h ; p a r
$100.
D Iv. o n p re f. In 1907 t o 1909, 4 % (A . & O .),.
B O N D S .— 'O f th o p rio r Hen 3 ) $ s , $45 0 ,0 0 0 w as In th e tre a su ry Ju n o 30
1909.
A d d itio n a l llrst m tg o . b o n d s n o t to e x c e e d $ 1 0 ,0 0 0 ,0 0 0 m a y b o
Issued at a n y tim e to retire tho p rio r lien b o n d s .
T h e co lla te r a l tru st b o n d s
secu red b y C h ic. & A lto n s to c k are lim ite d to $ 1 2 ,0 0 0 ,0 0 0 , ser. A b e in g
Issued In e x ch a n g e fo r C. & A . p re f. s t o c k $ fo r $ a n d ser. B (b e a rin g Int. a t
2% to J u ly 31 1912 a n d 4 % th ereafter) In e x c h a n g e fo r C. & A . c o m . s to c k
o n the basis o f $35 In b o n d s fo r $100 s t o c k .
V . 8 5 , p. 1647; V . 8 6 , p . 1468.
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ____G ross, $ 3 ,4 2 8 ,6 4 4 ; n e t , $ 1 ,2 0 6 ,7 6 9
J u ly 1 to J u n e 3 0 .
/1 9 0 7 - 0 8 ____ G ross, 3 ,8 2 2 ,8 3 4 ; n e t , 1,1 1 0 ,4 0 5
R E P O R T .— F o r y e a r e n d e d Ju n e 30 1908 w as In V . 87, p . 123 5. C o m ­
p arison w ith p re v io u s ye a rs Is In a ccu ra te , o w in g to ch an ges In a c c o u n tin g .
1906-07.
1907-08.
1905-06.
190 4-0 5.
$4,181 ,966
G ross e a r n i n g s _________ .$ 3 ,8 1 8 ,4 6 7
$4,205,051
$3,785,164
O perating e x p e n s e s ____ . 2 ,7 1 3 ,8 2 5
2 ,9 3 6 ,5 9 8
3 ,1 4 1 ,6 1 8
2 ,9 7 9 ,7 0 9

N et e a rn in g s ____________ .$ 1 ,1 0 4 ,6 4 2
4 0 1 ,4 0 0
D Ivs. o n C. & A . s t o c k - .
17,543
O th er I n c o m e ___________ .

$ 1 ,2 4 5 ,3 6 8

$1,0 6 3 ,4 3 3

33,837

26,265

23.646

T o ta l In c o m e --------------- .$ 1 ,523,585
In terest o n b o n d s _______ - $92 2 ,3 7 8
H ire o f e q u ip m e n t --------- .
115,798
O th er In t., d is c o u n t, &c 67,624
P referred d iv id e n d --------- -(4 )3 9 8 ,1 0 4

$1,2 7 9 ,2 0 5
. $59 6,87 5

$ 1 .0 8 9 ,6 9 8
$596,875

$829,101
$5 8 3 ,7 5 0

37,263
(2 )2 0 0 ,0 0 0

20.5 0 0

7 2 ,7 4 0

$80 5,45 5

B a la n ce , s u rp lu s ------------- $ 19 ,680
$445,067
$47 2,32 3
$172,611
D I R E C T O R S .— T h o s . I I . H u b b a r d (C h a irm a n ), W m . A . R e a d , T . P S h o n ts (P r e s .), E . J . B c r w ln d , Ja m e s N . W a lla ce , C has. II. T w e e d . H . S ’
B la ck , H a rry B ro n n e r, C. S. W . P a ck a rd , E d w in H a w le y a n d I I . E .
H u n tin g to n .
S e c . an d T r e a s ., Ja m e s S teu art M ack ie.
O ffic e , 60 W a ll S t .
N . Y . — (V . 8 7 , p . 1161, 123 5, 1239.)
T O L E D O T E R M I N A L R R .— O w n s a s in g le -tra ck b e lt r o a d , 2 8 .7 7 m iles
In le n g th , o p e n e d O ct. 1 1903, a ro u n d tho c it y a n d s u b u rb s (In clu d in g tw o
b r lg d e s ), w ith 2> $-m llo b ra n ch to term in al s ta tio n ; t o ta l, 3 1 .2 7 m iles.
O R G A N I Z A T I O N .— S u cce sso r D e c. 31 1907, p er p lan V . 8 5 , p . 140 2,
1463, o f the T o le d o R y . & T e r m . C o ., so ld In fo re c lo s u r e M a y 28 1907.
C o n tro lle d b y seven ro a d s .
V . 8 4 , p. 130; V. 85, p. 100, 347 ; V . 8 6 , p . 170.
S to c k a u t h ., $ 6 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 4 ,0 0 0 ,0 0 0 .
O f th e $ 6 ,0 0 0 ,0 0 0
n ew b o n d s, $ 2 , 000,000 w ill be reserved fo r fu tu re r e q u ire m e n ts . T h e P ero
M a rq u e tte an d tho CIn. R a m . & D a y to n each g u a ra n te e p a y m e n t o f 2 0 %
o f the Interest o n the b o n d s, an d tho P e n n s y lv a n ia C o ., L a k e Sh ore &
M ich . S o u th ., M ich . C e n t., T o l. S t. L. & W e s t, a n d G rand T ru n k W estern
1 2 % e a c h ., r e c e iv in g sam e p er ce n t In new s t o c k .— (V . 88, p . 159 .)
*
T O L E D O W A L H O N D IN G V A L L E Y & O H IO R R .— ( S e e M a p s P e n n ­
O w ns road In o p e ra tio n fro m T o le d o J u n ctio n to T o le d o ,

s y lv a n ia R R .) —

P en n . C o ., w h ich g u aran tees b o n d s an d o w n s tho c a p ita l s to c k
E A R N I N G S .— F o r c a l. y e a r 1908, gross, $ 2 ,4 3 9 ,4 3 3 ; n e t, $46 7 ,9 5 9 : c h g s ..
Im pr’ t s , & c ., $39 6 ,0 7 5 ; illv s. ( 2 % ) , $64,700; b a l., s u r ., $ 7 ,1 8 4 __ (V 75 n
1088.)
'
T O M B IG B E E V A L L E Y R R .— S ec page 172.
T O N O P A H & G O L D F I E L D R R .— O w ns T o n o p a h J e t. v ia T o n o p a h t o
B u llfro g J e t ., N e v , 89 m .; tra ck a g e , 9 m .; bra n ch es a n d spur-:. 11 m
sta n d a rd g a u g e .
V . 82, p . 800.
S t o c k , c o m m o n , $ 1 ,6 5 0 ,0 0 0 ; 7 % n o n -c u m . p re fe rre d , $ 5 0 0 ,0 0 0 .
D IV ID E N D S —
190 6.
1907
1 90 8C o m m o n s t o c k ...................................................2 7 %
1 0 % (In April)
N one
Preferred_ s to c k
.............
.......... 2 7 %
1 0 % (In A pril)
______
N on e
A sin k in g fu n d w ill retire o n e -llftce n th o f b o n d s a n n u a lly J a n . 1 (to b o
d raw n b y l o t ) , th o en tlro Issue be in g s u b je c t to call a t 102 M ; the L a n d
T itle & T ru s t C o ., P h ila d e lp h ia , Is m ortg ago tru stee.
V . 8 2 , p . 806 .
E A R N I N G S .— 2 m o s .,) 1909.........................G ross, $12 6 ,0 3 2 ; n e t , $41 ,051
J u ly 1 to A u g . 3 1 .
/ 1908_____________ G ross, 174,219; n e t, 3 1 ,422
R E P O R T .— R e p o rt fo r tho fiscal y e a r e n d in g Ju n e 30 1908 , In " C h r o Iclo”
a b o u t O c t . 30, how >: gross, $ 9 1 0 ,0 t 9 ; net, a fte r t a x e s , $ 1 8 2 ,5 8 5 ; o th e r Ino.,
$3,165; In terest, sin k in g fu n d , & c ., $15 9 ,2 2 1 : b a l., s u r ., $ 2 6 ,5 2 9 .
P r e s .,
M. I). Cu tter; 1st V .- P . a n d T r e a s ., R . H. R u s h t o n ; S e c ., W m . F . H cn sh a w , B u llitt B ld g ., P h ila d e lp h ia .— (V . 87, p. 1 6 0 0 , 1606; V . 89, p . 995.)
T O N O P A H & T I D E W A T E R C O . OF N E V A D A , IN C .— O rg a n iz e d In
D elaw are Jun e 11 1908 as a h o ld in g c o m p a n y an d Issued, per plan V . 86,
i. 1287, $ 3 ,6 4 0 ,0 0 0 " A ” an d $ 1 ,6 1 0 ,0 0 0 “ B ” s t o c k (b o t h o f e q u a l rank)
n e x ch a n g e fo r the en tire s t o c k ($ 1 ,5 0 0 ,0 0 0 ) o f the T o n o p a h & T id e w a te r
R R . a n d $ 2 ,0 0 0 ,0 0 0 s to c k o f the B u llfro g -G o ld fie ld R R .
T h e earnings o f
the tw o o p e ra tin g c o m p a n ie s are to be k e p t sep a ra te, the surplus o f eith er
road o v e r fixed ch arges In a n y y e a r to be used to m ake up the d e ficie n cy

135
'
RAILWAY STOCKS AND BONUS.
Oct., u m ,



R A IL R O A D S
F o r e x p la n a tio n o f c o lu m n h e a d in g s , & c ., s e e n o te s
o n fi r s t p a g e o f ta b le s

T o n o p a h & Q o ld fie ld — First m tge $ 1 ,5 0 0 ,0 0 0 g r e d . _ c
T o n & T id e w C o— T & T R R 1st M d e b stk certs g gu
B u llfro g -G o ld fie ld con so l m tg c $ 2 ,0 0 0 ,0 0 0 g o ld .F F
S terlin g b o n d s, r e d eem a b le_______ ___________________
T o r o n t o H am & B u ff— 1st M g o ld $40 ,000 p m .A B . c '
S econ d m ortg a g e $ 1 ,0 0 0 ,0 0 0 g o l d . . ...............................
T ra verse C ity R R — F irst m o rtg a g e g o ld ............. ............
T r c m o n t & (iu lf— F irst m tge g o ld red t e x t ____ IC .c
T ren fon D elaw are B rid ge— F irst m o r tg a g e ____________
T rin ity & B ra z o s V y — Kq tr bds gu (te x t) call 1 0 1 . .Q
T r o y & G recn b u sh — S to c k 7 % ren tal N ew Y o r k Cent
T u sca rora V a lley— F irst m o rtg a ge $15 0,00 0 g o ld ____
U lster & D elaw are— C ons M fo r $ 2 ,0 0 0 ,0 0 0 g _ _ C e .c *

IN T E R E S T
M ile s
of
R oad

91

88
88
42
26
77
___
___
6
27
101

U nadilla V a lley— F irst M $20 0,00 0 g o ld redeem at 110
19
U n d erg E lec R y s L o n d o n — P rio r lien bds call p ar te x t
___
4 ) 4 % b on d s £ 3 ,0 0 0 ,0 0 0 call a t p a r _________________
___
I n c o m e b on d s 6 % n o n -c u m u la tlv e call a t p a r _______
___
P o w e r-h o u s e first d eb en tu res £ 1 .0 0 0 ,0 0 0 ___________
___
U n ion P a cific R R — C om m o n s to c k $ 2 9 6 ,1 7 8 ,7 0 0 _____
___
P r e f s to c k 4 % n o n -c u m $ 20 0,00 0,0 00 (V 80, p 1364)
F irst M g ra ilw a y & land gra n t $10 0 ,0 0 0 ,0 0 0 g - .M e 2,090
B o n d s red eem a b le c o n v e r tib le ( t e x t ) .........................Me
___
F irst lien & ref m tg c red 107 )4 b e g 1 9 1 8 _ E q .x c* & r* 3,268
U n ion S p rin gs & Nor— First M $ 1 ,0 0 0 ,0 0 0 g red 1 0 5 ..
7K
U n ited N J R R & Canal C o— S to c k 10 % g u a r a n te e d ..
r
G eneral m ortg a g e o f (L oan o f 1923 g o l d _____
225
1871 fo r $ 2 0 ,0 0 0 ,- L oa n o f 1929 g o ld ............. c & r . m iles
000
(n ow
first (L o a n o f 1944 g o l d ___
c& r road
m ortg a g e) F P s e - 1L oa n o f 1951 g o ld p & 1 gu ar
and
cures all e q u a lly . I L oa n o f 1948 g p & g u . . c & r can al
U n ited V erde & P a cifc — F irst m tg e $30 0,00 0 . . M o . c
26
U tica & B lack R iv e r— See R o m e W a te r to w n & O gden sb u rg
U tica Chen & Susq V a l— S to c k 6 % gu ar b y D L & VV
97
U tica C lin ton & B in g h a m to n — S t o c k _______________
P’ Irst m o rtg a g e guar p & I b y D el & H u d ( e n d ) .N .c
31
V a lley (N Y )— S to c k 5 % g u a r a n te e d b y D L & W ____
11
F irst m ortg a g e (fo r $ 5 0 0 .0 0 0 )........................... ............F
11

D a te
of
B onds

1906
1905
1908
1908
1896
1904
1906
1883
1908
1877
1907
____
1897
1888
1902
1904
1908
1908
1908
1909
____
1897
1907
1908
1901
1883
1889
1894
1901
1908
1895

1889
1881

S iz e , o r
Par
V a lu e

$1,0 0 0

1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000
50
1,000
1,000
1,000 & c
£ &c
£ &c
£ &c
£1,000
100
100
500 &c
500 &c
$ & £
1,000
100
1,000
1,000
1,000
1,000
1,000
1,000
100
100
1,000
100
1,000

o f the oth er. P r e s ., F . M . S m ith , O a k la n d , C a l.; 1st V .- P . , D . W . V a n
B u sk lrk , B a y o n n e , N . J .; 2d V .- P ., A rth u r B r o c k , P h ila d elp h ia : S e c . an d
T r e a s ., C. B . Z a b rlsk le, 100 W illia m S t ., N . Y . — (V . 86, p . 1468.)
T O N O P A H & T I D K W A T E R R R . — O w ns L u d lo w , C a l., on th e A tc h .
T o p . & S an ta F e , to B e a tt y , N e v ., 168 m iles; C o m p le te d D e c. 1907; also
b ra n ch fro m D ea th V a liev J u n ctio n to R y a n , 7 m iles; e x te n s io n p ro p o s e d to
T o n o p a h , N e v ., 110 m iles. S to c k a u th o riz e d , $ 1 ,5 0 0 ,0 0 0 . T h e d e b e n ­
tu re s to c k certifica tes are gu a ra n te e d b y th e B o ra x C o n so lid a te d , L t d ., an d
a re secu red b y d ep osit o f m o rtg a ge an d b o n d s issued th ereu n der w ith the
In d ia n & G eneral T ru s t C o ., L t d ., o f L o n d o n .
V . 8 1 , p. 1793; V . 82, p .
7 5 3 ,8 7 1 ,1 4 4 0 .
In F e b . 1908 It w as a rran ged t o issue £175,000 redeem able
5 % b o n d s, gu ar, b y B o ra x C o n so lid a te d , t o c o m p le te the line. V . 86, p .7 2 2 .
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ..........G ross, $ 45 8,27 7; n e t, $158,881
J u ly 1 to Ju n e 3 0 .
J 19 07-08............G r o s s ,
3 5 2 ,4 6 0 ; n e t,
134,498
F o r y e a r e n d in g Ju n e 30 1908, g ro ss, $35 2 ,4 6 0 ; n e t, $ 13 1,76 5; ch arges,
$11 4 ,8 8 5 ; b a l., s u r ., $16,880.
B U L L F R O G -G O L D F I E L D R R . — B u llfro g to G o ld fie ld , N e v ., 83 m iles.
O f the co n s o l. 5s ($ 2 ,0 0 0 ,0 0 0 a u th . Issue), $ 1 ,2 5 0 ,0 0 0 w ere re p o rte d as
Issued to ta k e u p 1st 6s, $350,000 h a v e been so ld t o p r o v id e fo r c o n s tr u c ­
tion , e q u ip m e n t, & c ., as re q u ire d , $25 0 ,0 0 0 are reserved t o tak e ud 1st 6s
held b y th e p u b lic an d $15 0,00 0 fo r fu tu re p u rp o s e s .
V . 8 6 , p . 1287. Y e a r
en d in g Ju n e 30 1909, gross, $ 17 7,74 5; n e t a fte r ta x e s , $ 4 ,8 4 7 .— (V . 8 6 , p.
1287.)
y
T O R O N TO H A M IL T O N & B U F F A L O R R .— H a m ilto n t o W a te r fo r d ,
O n t ., 43 m iles; H a m ilto n to W e lla n d , 38 m iles; bra n ch e s, 7 m iles.
(See
V . 6 2 , p . 31 9 .)
U n d er t r a ffic ag re e m e n t w ith N . Y . C en tral, M ichigan
C en tra l, C an ada S ou th ern a n d C a nadian P a cific , in terest Is p r a c tic a lly
g u a ra n teed . See V . 68, p . 475 , a n d a d v e rtis e m e n t In "C h r o n ic le ” o f M arch
11 1899. O f th e s t o c k , $ 2 ,5 0 0 ,0 0 0 , 1 9 % , Is h eld b y C anadian P a cific an d
5 1 % b y N . Y . C en tral.
V . 61, p . 753; V . 63, p . 359; V . 68, p . 475 , 1134;
V . 69, p . 29.
F o r y e a r en d in g D e c. 31 1908, gross, $ 78 5,49 9; n e t, $21 0,18 0;
Int. a n d ta x e s , $ 18 7,52 9; b a l., su r ., $ 2 2 ,6 5 1 .— (V . 79, p. 1705.)
T R A N S Y L V A N IA R R .— H e n d e rs o n v ille to L a k e T o x a w a y N C , 42
m iles. L ea sed t o S ou th ern R y . fo r 50 years fro m Ja n . 1 1906 a t a rental
o f $25,000 y e a rly fo r 10 years an d $ 3 0 ,0 0 0 th ereafter. V 83 d 97
S to c k a u th o r iz e d , $42 0,00 0; p a r , $100; o u ts ta n d in g , $335,000’ V 68 o
926 .
Y e a r e n d in g Ju n e 30 1905, gross, $64 ,173 ; n e t, $20,601 ’ Pres ’ E
B . A lsop , 1502 20th S t. N . W ., W a s h in g to n ; V .- P . an d G en M gr i ’ f ’
H a y s , B r ev a rd , N . C .; T r e a s ., A . K . O rr .— (V . 8 3 , p. 9 7 .)
’’ '
'
T R A V E R S E C IT Y L E E L A N A U & M A N IS T IQ U E R R .— See page 172.
T R A V E R S E C IT Y R R .— See page 172.
TREiMONT & GULF RY. — O w ns T r e m o n t t o W Innfteld, L a ., 50 m iles.
D o d s o n t o N ew R o c h e lle , 27 m iles: tra ck a g e , J o n e s b o r o t o Sikes, 20 m iles;
t o t a l. 97 m iles. S to c k a u th o riz e d , $ 5 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $2,00 0 ,0 0 0 ;
p a r $100.
O f th e b on d s ($ 5 ,0 0 0 ,0 0 0 a u th . Issue), red eem a b le In w h ole or
p a rt o n a n d a fte r F e b . 1 1918 a t 105 an d Interest, th e $ 3 ,4 5 0 ,0 0 0 unissued
are reserved fo r ex te n s io n s a t n o t o v e r $30 ,000 p er m ile, an d fo r b e tte r­
m en ts, Im p rov em en ts, & c ., u n d e r restrictio n s c o n ta in e d In the m tg e . V .
8 8 , p . 1314. P r e s ., W . H . S eam an ; S e c ., Jam es S ta n le y J o y c e .
O ffice ,
206 L a Salle S t ., C h ica g o, an d W in n fle ld , L a .— (V . 88, p . 1063, 1314.)
TRENTON (DELAWARE) BRIDGE CO. — O w ns brid g e 0 .1 9 m iles in
len g th .
L ea sed In 1877 t o N o v . 1 2 87 0, lease b e in g assign ed t o P en n.
R R .; ren ta l, $ 3 2 ,0 0 0 y e a r ly a n d tw o -th ird s o f ta x e s p a id b y th e B ridge
C o m p a n y . S t o c k , $29 8 ,9 0 0 .
B o n d s are g u a ra n te e d , p rln . a n d in t.
T R I N I T Y & B R A Z O S V A L L E Y .— S ee p a g e 172.
T R O Y & G R E E N B U S H R R .— O w ns fro m T r o y t o R en sselaer, 6 m .;
d o u b le tra ck ; leased to N . Y . C en tral in 1851 a t 7 % o n $27 5,00 0 s to c k .
TXSCARORA VALLEY RR. — N a r ro w -g a u g e r o a d (3 f t .) P o r t R o y a l
t o B la ir’s M ills, P a ., 27 m . S t o c k , $ 3 0 0 ,0 0 0 ; p a r, $50; Issued, $ 15 0,00 0.
Y e a r 1908-09, gross, $30 ,765 ; n e t , $ 8 ,8 5 4 ; c h a rg e s, $ 7 ,500; b a l., s u r ., $1,353
P r e s ., N . H . S u lo lL — ( V . 67, p . 1162.)

(THE) ULSTER & DELAWARE RR. — O w ns fro m K in g s to n P o in t (on
H u d s o n R iv e r ) , N . Y . , t o O n e o n ta , 109 m iles, w ith bra n ch es, a to ta l o f
129 m iles. V . 74, p . 4 2 .
S to c k , $ 3 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $1,900,000 - par.
$10 0.
A s to r efu n d in g 4s o f 190 2, see V . 75, p . 667; V . 79, p . 153.
E A R N I N G S .— 2 m o s ., 119 09---------------G ro ss, $28 6,43 0; n e t, $135,397
J u ly 1 to A u g . 3 1 .
J 1908---------------G ross, 250 ,664 ; n e t,
111,823
Y r s . e n d . J ’ n e 30.
G ross.
N e t.
O t h .l n c . I n t ., ta x e s , & c . R a l.,s u r .
1 9 0 8 -0 9 ............... $1,0 2 4 ,4 3 8 $ 3 1 4,66 4
$ 8 ,3 1 2
$221,676
$10 1,30 0
1 9 0 7 -0 8 .......
936,751 2 0 3 ,1 8 2
8,8 4 2
210,372
1,652
UNADILLA VALLEY RY. — O w ns r o a d fro m B rid ge w a te r t o N ew
B erlin , N . Y . , 19 m iles. S to c k , $ 2 0 0 ,0 0 0 ; par, $100.
V . 78, p . 104.
B o n d s , see ta b le a b o v e ; V . 78, p . 1499. L ew is R . M orris is tru stee.
Y e a r en d in g Jun e 30 1909, gross, $ 5 1 ,1 1 2 ; n e t, $ 14 ,055 ; in terest an d ta x e s,
$1 0 ,0 5 9 ; b a la n ce, su rplu s, $ 3,996.
P r e s ., L ew is R . M orris. O ffic e , 37
W a ll S tr e e t, N . Y . — (V . 7 8 , p . 1168.)
U N D E R G R O U N D E L E C T R IC R Y S . C O . O F L O N D O N . L T D — O perates
102 m iles o f d o u b le -tra ck u n d ergrou n d a n d su rfa ce e le ctr ic r o a d , v iz .:
T u b e C o s .— S t k .m o s t l y o w n e d .K l ile s .
S u r fa c e — M a ).S tk . ow n ed .
M iles.
B a k er S t. & W a te r lo o R y _____ )
L o n d o n U n ited T r a m w a y s _____ 51 )4
C h ar. Cross Eus. & H a m p . R y _ )2 2 J ^
T u n n e l— L ea sed — M a j. stk . o w n ed .
G rea t N orth ern P ic c a d illy &|
M e tro p o lita n D is trict R y . (Incl.
B r o m p . R y . o p ’ed D e c. 15 '06J
I 3 % m iles o w n e d J o n tly _________ 28
O R G A N I Z A T I O N .— In c o r p o r a te d o n A p ril 9 1902.
S e c u r lH c s .-R e o r g a n lz e d In 1908 p er plan In V . 86, p . 1044; V . 8 7 , p . 347 ;
o v e r 9 0 % o f th e £20 ,149 ,26 8 p rofit-sh arin g n otes a ssen tin g.
U n d er th e plan the c o m p a n y a u th o rize d (1) £1,0 0 0 ,0 0 0 5 % p rio r lien
b o n d s d u e N o v . 1 19^.0, bu t s u b je c t t o call a t p a r in a n y a m o u n t w hen
d ra w n b y lo t (£ 2 5 0 ,0 0 0 a d d itio n a l m a y be Issued b y v o t e o t 4 ) 4 % b o n d s)(2) £ 3 ,0 0 0 ,0 0 0 4 4 %
b on d s d u e Ja n . 1 1033 , a m i (3) £ 5 ,2 0 0 ^ 0 0 6 %
Incom e b on d s d u e J a n . 1 1948, all secu red in o rd e r n a m e d b y sam e c o l­
lateral as th e p rofit-sh a rin g n o te s, w ith an a d d itio n a l £3,5 0 0 ,0 0 0 s to c k
In tu b e com p a n ies an d a third ch arge o n the p o w e r h ouse. S p e y e r & Co
u n d erw rote fo r a s y n d ic a te £1,000,000 p rio r lien bon d s and a ls o ll U % b o n d s
a n d Incom e|bon ds due|1948, to p ro v id e up|to £300,000 fo r a n y de ficie n cy




A m ount
O u ts ta n d in g

R a te

%

OR D IV ID E N D S

W h en
P a y a b le

W h ere P a y a b le , a n d b y
W hom

$919,000
& J Land T itle & T r C o , P h lla
6 g
£500,000
4)4
See t e x t
& J
5 g
£175,000
5
& D L in coln N at B a n k , N Y
3 ,2 8 0 ,0 0 0
4 g
1,0 0 0 ,0 0 0
& D
do
do
4 g
J &
J S tan d ard T ru st C o, N Y
434 ,0 0 0
5 g
J &
J W in s lo w ,L a n le r & C o .N Y
250 ,000
3 g
N ew Y o r k an d C h icago
1 ,550,000
7
J
& J T rea su rer’s O ffic e , Phlla
322 ,000
A & O G u aran ty T ru st C o, N Y
3 75 ,000
5 g
7
J & D 15 T r o y , N Y
275 ,000
&
J M etrop olitan T r C o , N Y
150,000
5 g
& D Cen tral T ru s t C o, N Y
2 ,0 0 0 ,0 0 0
5 g
& O
1,000,000
do
do
4 g
&
J O ffc c , 37 W a ll S t, N Y
200,000
4 g
5
M & N
£1,000,000
£ 3,000,000
J
& J
4H
£5,200,000 U p to 6 S em l-a n
4
£1,000,000
2 1 1 .337 ,10 0 10 in ’ 09
O ffic e , 120 B ’w a y , N Y
Q— J
99,5 4 7 ,4 1 0 1 In 1909 A & O
do
do
1 00 .000 ,00 0
do
do
J
&
J
4 g
4 6 ,419, 00
4 g
do
do
J
& J
52,9 0 0 ,0 0 0
M & S N ew Y o r k a n d L o n d o n
4 g
75,000
M 10 &N Intern ation al T r C o , B alt
5 g
2 1 ,2 4 0 ,4 0 0
10
O ffice s, P h lla d el & N Y
Q— J
1,8 2 4 ,0 0 0
F & A O ffice , P h ilad elp h ia
4 g
6,0 2 0 ,0 0 0
do
do
M & S
4 g
5,6 4 6 ,0 0 0
M & S N at B k C om , N Y & Phil
4 g
5,6 6 9 ,0 0 0
do
do
3 )i g M &
4
841 ,000
M & S O ffice , P h iladelph ia
6
300 ,0 0 0
J
& J M orton T ru s t C o, N Y

6
4 ,0 0 0 ,0 0 0
849 ,285 See te x t
800 ,000
5
750 ,000
5
400 ,000

M & N D L & W R R , N ew Y o r k
F & A 10 On N at B k , U tic a , N Y
J
& J N ew Y o r k T ru st C o , N Y
J
& J Del L a ck & W e s te rn , N Y
do
do
& A

R o n d s— P r in c i­
p a l, W h en D u e
S to ck s— L a st
D iv id e n d

Jan 1 1010-1021
1060
J u ly 1 1038
Jun e 1 1946
J u n e l 1946
Jan 1 1956
Jan 1 1933
F eb 1 1948
J u ly 1 1917
A p r ’ 1 0 -A p r '17
J ’ ne 15'09 3 ) 4 %
J u ly 1 1917
Jun e 1 1928
O ct 1 1952
Jan 1 1934
N o v 1 1920
Jan 1 1933
Jan 1 1948
O ct 1 ’ 09 2 ) 4
O ct 1 1909 2 %
Ju ly 1 1947
J u ly 1 1927
June 1 2008
M ay 1 1931
O ct 10 ’ 09 2 ) 4
Feb 1 1923
S ept 1 1929
M ch 1 1944
Mch 1 1951
S ept 1 1948
Jan 1 1920
N ov 1909
3%
Aug 10 1909 2 %
J u ly 1 1939
J u ly 1909 2 ) 4 %
A u g 1 1911

o f net earnings to m e e t Interest o n th e 4 ) 4 % b o n d s a ccru in g a fte r J u ly
1 1908.
In c o m e b on d s h ave 11 v o t e s fo r ea ch £100 p rin cip a l. S to c k , £ 5 ,­
0 0 0 ,0 0 0 , all e x c e p t £165,875 p aid in D e c . 31 1908; p a r , £10.
C o n tro lle d

T o ta l

H e ld b y

C o n tr o lle d

T o ta l

H e ld b y

C o s .—
Issu ed .
P a ren t C o.
P a ren t C o.
C os.
Issu ed .
B a k .S t.& W a ta M e tro p . D Is. R y .
O rd . s t o c k . . £3,2 3 5 ,0 0 0 £ 1 ,781,500
e rlo o o r d .s t k £ 1 ,7 2 8 ,5 2 0 £ 1 ,4 3 0 ,490
4 % p re f. stk .
660 ,0 0 0
551,960
5 % p f. s to c k
1,500,000 y 96,000
P e rp . d e b . stk .
2d
do
1,4 7 0 ,0 0 0 1,4 7 0 ,0 0 0
4 % ...........
8 06 ,150
1,150
4 % g u a r . s t k . z l ,250,000
6,500
Ch. C. E. & H . 4 ,3 2 6 ,0 0 0 4 ,3 2 6 ,0 0 0
3 % co n s , per
4 % p e rp . d e b .
ren t c h a r g e z 2 ,116,666
----------s t o c k ____ 1 ,4 4 2 ,0 0 0
607 000
P rio r lien 4 %
5 5 0 ,0 0 0 V 8 7 .P . 1012
----------G t. N o r. P ic . &
D e b .s t k .,& c .z 2 ,8 3 5 ,8 2 5
B r o m p t o n . . 5 ,0 4 7 ,9 6 0 5,0 4 7 ,9 6 0 b L o n d o n U n ited T ra m w a y s.
4 % p r e f.s t k .
3 5 7 ,0 4 0
.............
O rd in a ry s tk .
1,000,000 878 ,7 0 0
5 % p re f. s t k .
1 ,2 5 0 ,0 0 0 153 ,7 7 0
4 % perpetu al
1st M. 4 % d e b 1,649,930
d e b . s to c k 1 ,458,000
218 ,000
y H as a v o t e also o n £441,551 o n w h ich h olders h a ve ce d e d th eir v o t e In
co n sid e ra tio n o f scaled d iv id e n d g u a ra n ty ,
z N o v o t e , a b U n d e rgrou n d
C o . has v o te o n a £3,788,851 o u t o f £ 6 ,205,000 a n d b £ 1 ,032,470 o u t of
£ 2,250,000 v o t in g shares.
In Ju n e 1909 £ 1 ,000,000 4 % first m o r tg a g e p o w e r-h o u se d e b e n tu res
w ere issued to re p la ce o u ts ta n d in g Issues.
V . 8 8 , p . 1561.
E A R N I N G S .— O f o p e r a tin g c o m p a n ie s fro m J a n . 1 t o O ct. 9, gross,
£1,096,164 In 1909, a ga in st £1,140,906 In 1908.
F o r 6 m o n th s e n d in g
Jun e 30 1909, V . 89, p. 471,
R E P O R T .— S em i-a n n u al r e p o r t, V . 8 9 , p . 84 5 .
Sir E d g a r S p e y e r, B a rt.,
C hairm an; S e c ., W . E . M a n d e llck .— (V . 89, p . 845.)
UNION P A C I F I C R A I L R O A D . — ( S e e M a p .) — T h e system em b ra ces:
" M ile s .
L in e s o w n ed d ir e c tly —
C o n tr o lle d — P r a c tic a lly ow n ed —
C o u n cil B lutfs t o O g d e n _________ 1,012 •Ore. S h o rt L in e R R . , 'F r is c o ,
K ansas C ity to D e n v e r __________ 640
U ta h , & c ........ ............................a l ,557
D e n v e r t o C h e y e n n e ____________
106 O regon R R . & N a v ig a t io n ____ a 1,340
L a sa lle, C o l., t o J u le s b u r g ____________ 149e a s e d _________________________
L
27
O th er bra n ch e s, & c ______________ 1,407
T o t a l all lines J u ly 1 1909______________________________________________ 6,230
a See these c o m p a n ie s.
* A lso ow ns o n e -h a lf Interest In the San P ed ro
L os A n geles & S alt L a ke R y ., w h ich see. N o rth w e ste rn P a cific (Join tly
o w n e d w ith A tc h is o n ), see th a t C o ., V . 8 4 , p . 104.
O n Jun e 30 1909 352 m iles o f e x te n s io n w ere u n d e r co n s tr u c tio n , o f w h ich
79 w ere c o m p le t e d .
V . 8 7 , p . 1546.
In M ay 1909 c o n tr a c t w as let fo r
100 m iles fro m W a m s u tte r, W y o . , on the m ain line, t o C raig, 40 m iles w est
o f S te a m b o a t S p rin gs, C o l., sh o rte n in g th e dista n ce betw een D en ver an d
Salt L a ke a b o u t 20 m iles.
D a k o ta K ansas & G ulf R R .,s e e V . 8 7 , p . 1532.
In M arch 1909 U . P . a rran ged fo r 126 m iles o f jo in t lines a r o u n d T a c o m a ,
W a s h ., w ith C h ic. M ilw . & S t. P a u l. V . 8 8 , p. 824 .
In M ay 1909 a r­
ranged to use Jointly the N o rth e rn P a cific lino b e tw e e n S o u th T a c o m a an d
V a n co u v e r, W a s h ., 135 m iles. V . 88, p . 1372.
H I S T O R Y .— I n c o r p o r a te d In U tah J u ly 1 1897 t o s u cce e d , p er plan o f
O ct. 15 1895 (V . 61, p . 704 , 705 , a n d V . 64, p . 4 2 4 ), th e U n ion P a cific R y . ,
as s ta te d to N . Y . S t o c k E x ch a n g e In V . 66, p . 618; see also V . 67, b . 790.
In 1901-02 p u rch a se d $ 90 ,000 ,00 0 s to c k o f the S o . P a c. C o ., a stron g
w o rk in g c o n tr o l, a n d In 1904, $ 1 8 ,0 0 0 ,0 0 0 , an d In Ju n e 1907 $ 1 6 ,200 ,00 0
Of its pref. s to c k .
V . 7 2 , p . 243 , 284; V. 73, p . 446; V . 75, p. 136; V. 80,
p . 1914; V . 84, p . 1115. T h e U. P . ow n s $1 0 ,3 4 3 ,1 0 0 preferred s tock
o f C h ic. & A lto n , b u t c o n tr o l Is held b y th e T o l. S t. L . & W .
V . 81, p. 1664;
V . 83, p . 689 .
O n Ju n e 30 1909 ow n e d $ 5 ,6 8 7 ,3 2 5 U tah R y . & L ight s to c k
an d $ 1 ,0 3 4 ,0 0 0 b o n d s.
V . 8 7 , p . 1548-9.
In A p r . 1909 su b scrib ed fo r
$37 ,2 6 0 ,0 0 0 S o . I’ a c . 4 % c o n v e r t ib le b o n d s, w h ich w ere sold In J u ly 1909.
V . 88, p . 507; V . 8 9 , p . 44, 105.
O n Jun e 30 1909 also ow n e d th e fo llo w in g s to c k s , m o s tly a cq u ired In
1906 (see V . 84, p . 52, 104, 509, 572, 932, 1184; V . 87, p . 1542, 1549).
In J u ly 1909 s o ld $ 1 0 ,0 0 0 ,0 0 0 A tc h is o n s to c k a cq u ire d In 1906 and 77,164
shares o f G re a t N o rth e rn ce rtifica te s , and It w as u n d e rsto o d a cqu ired
a d d itio n a l N e w Y o r k C en tral s to c k . V . 8 9 , p . 226, 412.
\
A c q u ire d b y

U n io n P a c .

P a r V a l.

A c q . b y O r. S li. L . ( c o n c l .) . P a r V a l.

Illinois C entral s t o c k ____ $3 2 ,0 0 0 ,0 0 0 B a lto . & O h io , c o m m o n .$ 3 2 ,3 3 4 ,200
S t. J o s . & G r. I s l., c o m . .
2 ,9 0 0 ,0 0 0
7 ,2 0 6 ,4 0 0
d o d o p re fe rr e d ____
do do do
1st p r e f .
932,200 C h ic. MU. & S t. P ., p r e f.
1 ,8 4 5 ,0 0 0
d o d o d o 2d p r e f .
1 ,2 5 0 ,0 0 0 C h ic. & N . W ., c o m m o n .
3 ,2 1 5 ,0 0 0
A c q . b y O regon S h . L in e .
N . Y . C en t. & H . It. s t k . 14,2 8 5 ,7 0 0
A tc h . T o p . & S . F ., p r e f. 10,0 0 0 ,0 0 0 (
In F e b . 1908 a su it w as filed b y U . S. G o v t, t o set aside c o n tr o l o f S ou th ern
P a c . an d s to c k o w n ersh ip In o th e r ro a d s. V . 86, p. 287; V . 87, p . 1480.
S T O C K .— In 1901 c o m m o n s to c k w as a u th o riz e d t o be Increased b y
$ 1 0 0 ,0 0 0 ,0 0 0 , to p r o v id e fo r c o n v e rsio n o f first lien 4s, a n d o n Jun e 15 1907
b y $ 1 0 0 ,0 0 0 ,0 0 0 , o f w h ich $ 42 ,857 ,20 0 t o be reserved fo r co n v e r s io n o f the
$7 5 ,0 0 0 ,0 0 0 4s o f 1907; ba la n ce fo r fu tu re re q u ire m e n ts. See B O N D S
b e lo w .
V . 82, p . 1271; V . 8 4 , p . 1115; V . 8 5 , p . 1587.
D IV ID E N D S —
’ 98. ’ 9 9 . '0 0 . ’01 t o '0 4 . ’ 0 5 . ’ 0 6 . ’ 07. '0 8 . ’0 9 .
C o m m o n ( % ) ............................................... 2 4 4 y e a rly
4 )4 8
10 10 10
P referred ( % ) ......................... I K
4
4 y e a r ly
4
4
4
4
4
B O N D S .— T h e 1st m tg e . o f 1897 co v e rs the o rig in a l 1,854 m iles, In clu d ­
ing the teleg ra p h , term in a ls, e q u ip m e n t an d land gran ts. S ta te m e n t to
N . Y . S to c k E x ch a n g e , V . 66, p . 618.
S to ck h o ld e rs s u b s crib e d fo r $ 73 ,762 ,00 0 In 1907 o f $ 7 5 , 000,000 new c o n ­
v e r tib le 4s a t 90. T h e y are c o n v e r tib le a t a n y tim e b efore J u ly 1 1917
in to c o m m o n s to c k a t $175 p e r share, an d are red eem able a t the o p tio n
o f the c o m p a n y o n J u ly 1 1012, o r on a n y sem i-an n u al Interest d a y th ere­
a fte r, a t a prem iu m o f 2 4 % , u p o n 90 d a y s ’ n o tice , in w h ich case the p r iv i­
lege o f co n v e rs io n w ill term in ate 30 d a y s b e fo re r e d e m p tio n d a te . V . 84,
p . 1115, 1183; V . 8 5 , p . 100, 161.
*
T h e first lien a n d re fu n d in g 4s o f 1908 ($ 2 0 0 ,0 0 0 ,0 0 0 a u th o rize d Issue),
o f w h ich $ 5 0 ,0 0 0 ,0 0 0 w ere sold In Jun e 1908, are secu red b y a first m o r t­
gage on 1,178 m iles o f m ain tr a c k , In clu din g the line fro m Ju lesb u rg to
L a S alle, C o lo ., a n d also s u b je c t to the 1st m t g e ., th e 2,0 9 0 m iles o f road
c o v e r e d th e re b y , m ak in g a to ta l o f 3,208Jm lIes]covercd b y the m tg e . O f the

RAILWAY STOCKS AND BONDS
iooo. |

Oct.



IN T E R E S T

R A IL R O A D S
M ile s
of
R oad

F o r e x p la n a tio n o f c o lu m n h e a d in g s , & c ., s e e n o te s
o n f i r s t p a g e o f ta b le s .

D a te
of
B onds

S iz e , or
Par
V a lu e

A m ount
O u tsta n d in g

62

1881

$1,000

T erre H a u te & L o g a n s p o rt R R first m tg e assu m ed
T erre H & In d cons M (n ow first) g o ld a s s u m e d . .F
C ons M $ 2 5 ,0 0 0 ,0 0 0 g S er A $ 1 0 ,0 0 0 ,0 0 0 _ F .c* r & r *

160

V era C ru z & Is th m u s — V C & P a c 1st M g r e d (te x t) -C*
V e r m o n t & M ass— S to c k 6 % gu ar b y F itc h b u r g R R .
B on d s cu r r e n c y gu ar p & I b y F itc h b u r g R R _______
V e rm o n t V alley R y — See C o n n e cticu t R iv e r R R
V ic k s b u r g & M eridian — See A la b a m a & V ic k s b u r g

265
59
___

1879
1885
1905
1907
1904
1903

1,000
1,000
1,000
1,000
1,000
100
1,000

188
188

1901
1885

100
100
1,000
1,000

15

1908

1,000

120,000

136
209
___
___

1902
1908
1908
1907
1907
1908
1908
1908
1904
1904
1889
1889
1889
1891
1899
1901
1901
1904
1906

1,000 &c
1,000 &c
1,000
1,000
1,000
1,000
1,000

2,000,000

1,0 0 0 & c
1,0 0 0 & c
1,000
1,000
1,000
1,000
1,000
1,000
500 &c
1,000 & c
1,0 0 0 &c

P referred s to c k 5 % n on -cu m u la tiv e $ 2 ,2 0 0 ,0 0 0 —
G eneral m ortg a g e $ 3 ,5 0 0 ,0 0 0 _____ _________ F .x c *
V ick s S h reve & P a c R R prior lien m tg e g ____ C e.c*
V irgin ia Air Line — See C h esapeake & O h io .
V irgin ia & C aro Sou — 1st M $ 2 ,0 0 0 ,0 0 0 g see te x t) - - N
V irg in ia & S o u th w— 1st M g gu b y V a I C & C - . - M o
V irgin ia n — THlew C o n otes red 101 c o n v ( t e x t ) - . E q c*
F irst m ortg a g e g o ld red eem a b le a t 110-----------------Ce
V Irg T e r m R y 1st M $1 0 ,0 0 0 ,0 0 0 g gu p& l red 110.Ce
F irst lien e q n otes ser A g red 105 p a rt d u e s - a .- E q
F irst m o r tg a g e "$ 5 0 ,000 ,0 0 0 g o l d -----------------M c .c '& r
S e c o n d m tg e g o ld Incom es t o Ju n e 1910 — E q .c * & r
W a b a s h R R — F irst m tg e gold ($ 3 4 ,0 0 0 ,0 0 0 )._ _ C e .c *
S econ d m ortg a ge g o l d ------ ----------- — ------ - M p .c
D eben m tge in com e n on -cu m Series B n o t red .M e
D e tr o it & C h ica go E x t 1st M g s f red at 110 _Ce.c*
Lies M oines D lv 1st M g $1,8 0 0 ,0 0 0 (V 68, p 574) N.c*
T o le d o & C h ica go D lv m tge g o ld $ 3 ,0 0 0 ,0 0 0 . K .c*
O m a h a Iliv $ 3 ,5 0 0 ,0 0 0 gold (V 75, p 6 8 6 ) _ . .E q .c *
First lien term in al m tg e $1 0 ,0 0 0 ,0 0 0 g . E q .x c * & r
F irst ref a n d e x t M $ 2 0 0 ,0 0 0 ,0 0 0 g o ld ___ E q .x c * & r *

no

188

___

1,542
1,009
1,542
150
97
226
144

2,000

rem a in in g b o n d s, 5 10 0,00 0,0 00 are reserved to retire th e 1st 4s o f 1947, th e
o t h e r $5 0 ,0 0 0 ,0 0 0 to be issued o n ly t o c o n s tr u c t o r a cq u ire a d d itio n a l lines
o r p r o p e r ty a n d Im pts. th e re o n . V . 8 6 , p . 1468; V . 8 7 , p . 546, 1012, 1541.
L A N D S .— T h e 1st 4s o f 1897 c o v e r e d Ju n e 80 190 8, d ir e ctly o r th ro u g h
ben eficial o w n ersh ip , 1,172,841 acres o f la n d , situ a te d in N e b ra sk a , W y o m ­
in g , C o lo r a d o , U ta h a n d K ansas, the v a lu e o f w h ich w as estim a te d Ju n e 30
1909 a t $ 1 ,2 0 5 ,0 3 2 ; also fu rth er n otes or c o n tr a c ts fo r lands so ld agg re g a tin g
$ 5 ,7 7 7 ,''7 0 , the lands fo r w h ich . It n o t p aid fo r , r e v e rt t o th e c o m p a n y . S oj
V 67, p . 791 . T o t a l estim a te d v alu e o f lands a n d land assets Jun e 30 1909,
$ 6 ,9 8 2 ,1 0 2 .
D u rin g 1908-09 184,069 acres w ere so ld fo r $ 3 2 1 ,5 6 8 .
G E N E R A L F I N A N C E S .— In O c t . 1906 th e d iv id e n d rate w as in crea sed
t o 1 0 % , o f w h ich 6 % fro m the o p e ra tio n s o f th e ro a d a n d 4 % fro m Invest­
m en ts.
In O c t . 1906 d iv id e n d s o n S o u th e rn P a cific c o m m o n s to c k a t th e
rate o f 5 % y e a r ly w ere b e g u n , w h ich w ere Increased In O ct. 1907 t o 6 % ,
y ie ld in g the U n ion P a cific on Its h o ld in gs a t th e latter rate $ 5 ,4 0 0 ,0 0 0
a n n u a lly . V . 83, p . 38 0 , 437.
In F e b . 1908 an e x tr a d lv . o f 7 5 % o n O re­
g o n R R . & N a v . C o. p re f. an d c o m . s t o c k w as p a id . V . 8 7 , p . 1421.
L A T E S T E A R N I N G S .— F o r 2 m o n th s e n d in g A u g . 3 1 , net o v e r ta x e s :
--------G r o s s E a r n i n g s ------- -------------- N e t E a r n i n g s —------J u l y 1 t o A u g . 31—
1909.
1908.
1909.
1908.
U n io n P a cific S y s t e m . .$ 1 5 ,4 8 3 ,4 6 8 $ 13 ,725 ,15 5
$8,026,221
$6,8 3 4 ,4 7 8
A N N U A L R E P O R T .— R e p o rt fo r 1908-09 in V . 89, p . 1064, 1072;
e d it , p . 1037.
Y ea r s e n d in g J u n e 3 0 —
1908-09.
190 7-0 8.
1 90 6-0 7.
A v e ra g e m ile s __________________________
6,062
5,781
5,644
T o t a l o p e ra tin g r e v e n u e ________________ $ 7 8 ,750 ,46 1 $ 7 6 ,0 3 9 ,2 2 5 $ 76 ,308 ,59 8
O p e r a tin g ex p en ses a n d ta x e s _________ 4 0 ,5 1 5 ,6 4 7
4 4 ,1 3 8 ,7 6 1 4 2 ,2 2 5 ,5 2 3
N et r e v e n u e ................................................ $ 38 ,234 ,81 4
In c o m e fro m In v estm en ts, & c _______ 17,736,393

$ 31 ,900 ,46 4 $ 34 ,083 ,07 5
16,019,692 11,470,131

T o t a l In c o m e ..............................................$ 5 5 ,9 7 1 ,2 0 7 $4 7 ,9 2 0 ,1 5 6 $45 ,5 5 3 ,2 0 4
F ix e d charges .............................................$1 4 ,3 7 2 ,8 0 6 $ 12 ,200 ,75 5 $9,3 7 6 ,2 8 5
D iv s o n U . P . p r e f., 4 % .........................
3 ,9 8 1 ,7 6 0
3 ,9 8 1 ,7 6 4
3,9 8 3 ,7 6 4
do
do
c o m ., 1 0 % .................... 1 9 ,6 7 8 ,3 2 7
19,5 4 8 ,7 9 0
1 9 ,5 4 8 ,0 4 0
64
94
232
D lv . O . R R . & N . s to c k n o t o w n e d ..
A p p r o p r ia tio n fo r Im p rov e m e n ts, & c .
----------------------------1 ,959,002

B o n d s— P r in c i­
p a l, W h en D u e
S t o c k s — -L a s t
D iv id e n d

OR D IV ID E N D S

W h en
P a y a b le

W h ere P a y a b le , a n d b y
W hom

&
&

All ow n ed b y B a lt & O h io
Checks m ailed
F a rm ers’ L & T r C o, N Y
do
do
do
do
do
do
S p e y e r & C o , N ew Y o r k
53 D evon sh ire S t, B o sto n
do
do

A
6
$75 0,00 0
14,6 4 9 ,5 1 6 5 In 1909 F
J
6
500 ,000
J
1 ,8 9 9 ,0 0 0
5 g
F
1 0 ,0 0 0 ,0 0 0
4 g
M
3 ,0 0 0 ,0 0 0
4 g
7 ,0 0 0 ,0 0 0
4 Vj e j
6
A
3 ,1 9 3 ,0 0 0
M
772 ,0 0 0
3

V a lley (V ir g in ia )— F irst m o rtg a g e $ 1 ,0 0 0 ,0 0 0 -----------c

655

R a te
%

O
A
J
& J
& A
& N
& J
< O
&
& N
&

O ct
Aug
Jan
J u ly
F eb
N ov
J u ly
O ct
M ay

1 1921
16 ’ 09 2 K
1 1910
1 1925
1 1955
1 1957
1 1934
1909 3 %
1 1923

2 ,8 5 6 ,5 0 0 See t e x t Y e a rly Central T ru s t C o , N Y N o v 30 1905 2 %
do
do
S e p t 2 1909 5 %
2 ,1 4 2 ,8 0 0 5 In 1909 Y e a rly
M & N F a rm ers’ L & T r C o , N Y M ay 1 1941
1,9 2 2 ,0 0 0
5
1,3 2 3 ,0 0 0
M & N Cen tral T ru st C o , N Y N o v 1 1915
6 g
5 g

J

&

J

J

4 ,5 7 0 ,0 0 0
17,000,000
See t e x t
See t e x t
3 ,3 7 5 ,0 0 0
750 ,000

5
5
6
5
5
5
5

&
&
&
&

J B k o f M an, 40 W a ll, N Y Jan 1 2003
O S tan d ard T ru s t C o , N Y A p r 1 1958
I ) O ffic e , 44 W a ll S t, N Y Jun e 1 1913
M ay 1 1957
N N ew Y o r k
M ay 1 1957
N
N E q u ita b le T r u s t C o , N Y M a y ’ 1 0 -N o v ’ 18
Ju n e 1919
D

3 0 ,2 3 6 ,0 0 0
2 0 ,0 0 0 ,0 0 0
3 3 ,9 0 0 ,0 0 0
14,0 0 0 ,0 0 0
1,369,000
3 ,1 6 8 ,0 0 0
1 ,6 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
3 ,1 7 3 ,0 0 0
3 ,9 2 3 ,0 0 0
3 1 ,4 7 6 ,0 0 0

J
4 g
4 g
M
5 g
F
5 g
6
J
J
5 g
J
4 g
M
4 g
3H g A
J
4 g
J
4 g

g
g
g
g
g
g
g

A

.1
M
,\
1
M
J

&
&
&
&

A
&
&

&
&
&
&
&

&

Jan

D D ec 1907 co u p last p aid
N on e e v e r p aid
N C entral T ru s t C o , N Y
A
do
do
J In J u ly 1909 p a id 1 %
J C entral T ru s t C o , N Y
J New Y o r k T ru s t C o , N Y
S E q u ita b le T ru s t C o , N Y
do
do
O
do
do
J
do
do
J

1 1938

Ju n e 1 1954
Jun e 1 1954
M ay 1 1939
F e b 1 1939
See t e x t
J u ly 1 1941
Jan 1 1939
M ch 1 1941
O ct 1 1941
Jan 1 1954
J u ly 1 1956

V I C K S B U R G S H R E V E P O R T & P A C I F I C R Y — D e lta , L a ., o n M is­
sissip p i R iv e r , v ia S h r e v e p o rt, t o T e x a s line, 188 m iles. O f th is, 17 m iles,
S h r e v e p o rt t o T e x a s S ta te L in e, Is leased t o M o. K a n . & T e x . till J u ly 1925.
S u cce sso r In 1901 t o H R . , fo re c lo s e d . V . 72, p . 628 , 676; V , 77, p . 3 8 .
S T O C K , E T C .— O f th e $ 3 ,5 0 0 ,0 0 0 general 5s, $ 1 ,3 2 3 ,0 0 0 are reserved
to ta k e u p a t m a tu r ity th e p rio r lien 6s a n d $ 2 5 5,00 0 fo r fu tu re needs.
Car tru sts, $80,764 (4 J ^ s), d u e s e m l-a n n . t o A p ril 1 1913. V . 8 3 , p . 1344.
D I V I D E N D S .— O n p re f. s to c k 1902 t o 1907, 5 % y e a r ly ; 1908, n one!
1909, 5 % ; on c o m ., 1903, 2 ^ % ; 1904, 3 % ; 1905, N o v ., 2 % ; 1906 t o 190 8,
n on e; 1909, 5 % .
E A R N I N G S .— 12 m o s ., 1 1 9 0 8 -0 9 ____ G ross, $ 1 ,3 6 7 ,1 1 0 ; n e t , $330,444
J 1 9 0 7 -0 8 ____ G ross, $ 1 ,4 2 7 ,6 9 4 ; n e t , $231,417
J u ly 1 t o Jun e 30.
R e p o r t fo r 1907-08 In V . 87, p . 1296.
„
Y ea r—
G ross.
N e t.
O th er I n c .
In t.
B a l . , sur.
1 9 0 7 -0 8 ..............................$1,4 2 7 ,6 9 4
$17 4,70 9
$82 ,5 6 3
$24 4,01 1
$13,261
330,374 9 2 ,9 6 3
269 ,664 * 1 5 3 , 6 7 3
1 0 0 6 -0 7 .............................. 1,568,504
* F ro m su rp . paid In 190 6-0 7, 5 % on p re f. ($ 1 0 7 ,1 4 0 ).— ( V . 8 9 , p . 780 .)

VIRGINIA AIR LINE

R Y .—

See C h esapeak e & O h io .

V IR G IN IA C A R O L IN A R Y .— V IR G IN IA
V I R G I N I A & S. R Y .— See page 172.

&

C A R O L IN A

SOU.

R Y .—

V I R G I N I A N R A I L W A Y . — ( S e e M a p ) . — T h e m ain line o f th e r o a d e x ­
ten d s fro m D e ep w a ter, o n th e K a n aw h a R iv e r , In W e s t V irgin ia , t o S e w ell’s
P o in t , o n H a m p to n R o a d s , near N o r fo lk , V a ., a d is ta n c e o f 442 m iles.
T rain s are ru n n in g o v e r th e e n tire line. T h e great e le ctrica lly e q u ip p e d
c o a l-lo a d in g pier a t S e w e ll’s P o in t was finished a b o u t A p ril 1 a n d th e road
Is n o w b e gin n in g fu ll o p e r a tio n . See V . 88, p . 102. W in d in g G u lf B ran ch
Is t o e x te n d fro m M ullins, W . V a ., to P e m b e rto n , a b o u t 25 m iles, o f w h ich
17 m . o p e n e d S e p t. 1909. V . 88, p . 565 .
A d d itio n a l bran ch es, a ggregatin g
a b o u t 45 m iles, are p r o p o s e d . S u cce sso r A p ril 1907 o f the T id e w a te r an d
th e D e e p w a te r r a ilw a y s. See V . 84, p. 627; V . 78, p . 1962; V . 8 1 , p . 1551;
V . 83, p . 436; V . 84, p . 1249; V . 88, p . 102.
S T O C K .— A u th ., $36 ,0 0 0 ,0 0 0 : p a r, $100. T h e ra ilw a y Is b u ilt on
m o d e rn lines an d In th e m o s t su bsta n tia l m an n er. T h e m ain tr a ffic Is
co a l a n d lu m b e r, b u t the c o u n tr y Is d e scrib e d as rich In farm la n d , w h ich
sh o u ld a ffo rd a d iversified t r a ffic , garden an d fa rm p r o d u c ts , & c. T h e
ro a d taps th e P o ca h o n ta s an d N ew R iv e r co a l fields, an d fo rm s " t h e s h o rt­
est possib le ro u te t o tid e w a te r o v e r th e low est gi’a d e s .”
F ro m P r in c e to n ,
th e m ain co a l-g a th e rin g y a r d , 350 m iles w est o f S e w e ll’s P o in t, th e eastb o u n d grade does n o t e x c e e d 0.2 o f 1 % , o r 1 0 H f t . p er m ile, e x c e p t fo r a
9-m lle s e ctio n o v e r th e A lle g h e n y M ou n tain s, w here th e m a x im u m grade
Is 0.6 o f 1 % , o r 32 f t. per m ile; o n this s e c tio n a pu sh er w ill be u sed . O ne
lo c o m o t iv e w ill haul 80 lo a d e d 50-to n coa l cars, o r 4 , 000 ton s o f c o a l per tr a in .
F IN A N C E S .-—T h e o n ly se cu rities In the h an d s o f th e p u b lic are $17,000,*
000 T id e w a te r C o. 6 % n o te s (see b e lo w ), a n d these are secu red b y p led g e
n o t o n ly o f all b o n d s Issued on m ain line o f th e s y s te m , b u t o f $1 0 ,0 0 0 ,0 0 0 o f
o th e r In c o m e -p ro d u cin g secu rities and b y th e g u a r a n ty o f H e n r y H . R og e rs
o f the S tan d ard OH C o ., w h o , w ith a ssocia tes, financed th e en te rp rise .
B O N D S .— T h e first 5s are Issuable as fo llo w s: $ 33 ,500 ,00 0 fo r th e c o n ­
s tru ctio n o f the line fro m D eepw ater to S e w e ll’s P o in t, 442 m ., sin gle t r a c k ,
w ith passing tracks a b o u t on e m ile In len gth o n an a v e ra g e o f e a c h s ix
m iles.
F u rther bon d s m a y be Issued fo r new co n s tr u c tio n , u n d e r r e s tric ­
tio n s p ro v id e d In the m tg e .; a b o u t $ 1,500,000 arc to be Issued fo r W in d ­
ing G ulf bra n ch , und er c o n s tr u c tio n In A p ril 1909.
V . 8 4 , p . 1368; V . 8 8 ,

B a la n ce , s u r p l u s . . . ........................... .$ 1 7 ,9 3 8 ,2 5 0 $ 1 2 ,188 ,75 2 $ 1 0 ,6 8 7 ,«8 3
O F F I C E R S . & c.— Pres, and C h airm an E x e c. C o m m ., R o b e r t S . L o v e t t ;
G e n . M g r., A . L . M ohler; S e c., A le x a n d e r M illar; C o m p ., W m . M ahl; T re a s .,
F . V . S . C rosb y .
D ire cto rs — J a c o b H . SchilT. F . A . V a n d e rlip , M arvin H u g h ltt, H e n ry C.
F r ic k , A . J . E a rlin g, P . A . V a le n tin e , J o se p h F . S m ith , O liv e r A m es, W m .
•G. R o c k e fe lle r , W illia m R o c k e fe lle r , R o b e r t S . L o v e t t , Chas. A . P e a b o d y ,
H . W . D e F o r e s t, W . V . S. T h o rn e a n d R o b e r t W . G o c lc t .
O ffic e , 120 B ’ w a y , N ew Y o r k .— (V . 8 9 , p . 995 , 1 064, 1069, 1072.
U N IO N S P R IN G S & N O R T H E R N R Y — Sec p a ge 172.
U N IT E D N E W J E R S E Y R A I L R O A D & C A N A L C O .— ( S e e M a p P e n n .
r r
) — p a r t o f a system o f roads in N orth ern N ew J e rse y , e x te n d in g fro m
C a m d en t o A m b o y an d fro m P h iladelph ia to J ersey C ity , w ith bran ch es and
c o n n e c tio n s , a dista n ce o f 476 m iles; H u d so n R iv e r ferries t o N ew Y o r k ,
I m • D el & R a rita n C anal, fro m B o rd e n to w n to N ew B ru n sw ick , & c.,
66 m .; P h lla . & T r e n to n and B e lv id e re , D e l.— w h ich see— are leased lines.
L E A S E .— L eased in Jun e 1871 to th e P e n n sy lv a n ia R R . fo r 099 years;
ren tal equ a l t o 10% on s to c k . Interest on b o n d s, ta x e s , & c.
E A R N I N G S .— F or y ear en din g D e c. 31 1908, gross, $ 3 3 ,2 3 5 ,1 1 8 ; n e t,
1 T h e V irginian T e rm in a l R y . 5s c o v e r th e S e w e ll’s P o in t te r m in a ls ,
1
$8 6 14 ,022 ; oth er In com e, $253,231: ln t ., ren tals, im p r o v ts ., & c ., $ 6 ,4 2 6 ,­
w h ich com p rise 600 acres o f la n d ,w ith a w ater fro n t o f o v e r 3 ,0 0 0 fe e t: o f t h e
402 ; d iv id e n d s , 82,1 2 4 ,0 4 0 ; b a l., s u r ., $ 3 1 6 ,8 1 1 .— (V . 74, p . 682.)
a u th . issue o f $ 1 0 ,0 0 0 ,0 0 0 , gu ar. prln. & lnt. b y the V irginian R y ., $ 3 ,0 0 0 ,­
U N IT E D R A I L R O A D S OF Y U C A T A N .— (V . 83, p . 819; V . 89, p . 594.)
000 w ill be Issued tor the c o n s tru ctio n n ow c o n tr a c te d fo r , th e rem ain in g
$7,0 0 0 ,0 0 0 being reserved fo r fu tu re a d d itio n s .
V . 84, p . 1184. T h e $ 5 0 0 ,­
U T IC A C H E N A N G O & S U S O U E H A N N A V A L L E Y R Y .— O w ns U tic a ,
000 s to c k o f th e V a . T e r m . R y . C o . Is o w n e d b y the V irginian R y .
N . Y . , t o G reen e, N . Y ., 75 m iles; branch t o R ich fie ld S prin gs, 22 m iles.
L ea sed to D elaw are L a ck a w a n n a & W e ste rn at 6 % o n s to c k . N o b o n d s.
N O T E S — T h e $ 1 7 ,0 0 0 ,0 0 0 T id e w a te r C o . “ f i r s t l i e n 6 % 5 - g e a r n o t e s , "
b ro u g h t o u t M ay 1908 b y R e d m o n d & C o ., gu aran teed u n c o n d itio n a lly ,
U T IC A C L IN T O N & B IN G H A M T O N R R .— See p a g e 172.
prin cipa l an d Interest, b y H e n ry It. R o g e rs , arc c o n v e r tib le a t par a t
V A L L E Y (N . Y .) R R .— B in g h a m to n , N . Y . , t o S ta te L in e o f P e n n .,
o p tio n o f h old er in to V irginian R a ilw a y first m o rtg a ge b o n d s up t o A pril 1
I I m iles.
L ea sed t o D elaw are L a ck aw an n a & W e s te rn a t 5 % p er ann um
1913 (o r, In case o f n otes ca lled fo r r e d e m p tio n w ith in 30 d a y s , o f n o tice
o n s t o c k , th e lessee a ssu m in g th e Interest o n b o n d s.
o f such call) an d are red eem a b le at 101 an d Interest w hen draw n b y
V A N D A L I A R R .— (.S ee M a p s P a . R R .)— 'The r o a d e m b ra ce s;
lo t. T h e y are secu red th ro u gh d e p o sit b y the g u a ra n to r o f In c o m e-p ro­
L ea sed —
( ‘ See this c o .)
M ile s
d u cin g b o n d s an d s to ck s h a v in g an a ggre ga te m ark et va lu e re p o r te d as
O w n ed —
M ile s .
o v e r $ 1 0 ,0 0 0 ,0 0 0 , w hich secu rities du rin g th e last ye a r yie ld e d an In com e
In d la n a p ., I n d ., E . t o S t. L ., 111.239 T erre H a u te & P e o r ia ----------------- *145
In a d d itio n , the notes are fu rth er secu red b y d e p o s it o f
In d ia n a p o lis t o V in cen n es, I n d . . 118 E v a n sv ille & T erre H a u t e ------------------- 16 o f o v e r $70 0,00 0.
27
V irginian R y . 1st m tge. b o n d s an d V irginian T erm in al R y . 1st m tg e . b o n d s,
S o u t h B en d t o R o c k v ille , I n d ___160 T r a c k a g e _________________________
co v e rin g the entire r o a d , term in als, & c., as Issued fo r c o n s tr u c tio n .
On
L o g a n s p o r t, I n d ., to B u tle r_____ 93
B r ___________________________________ . .31 T o ta l o p e r a t e d --------------------------- 829
a n c h e s ____________________________ .
J u ly 1 1909 $ 3 2 ,9 4 5 ,0 0 0 o f the railw ay an d $50 0,00 0 term in al b o n d s w ere
T h e S aline C ity b ra n ch , 12 m .. Is o p e ra te d b y E v a n sv ille & In d la n a p . R R .
d e p o s ite d .
U p o n final co m p le tio n o f the sy ste m as a b o v e , there w ill bo
d e p o site d as collateral t o th e $ 17 ,000 ,00 0 o f notes a to ta l o f $3 3 ,5 0 0 ,0 0 0
O R G A N I Z A T I O N .— A c o n s o lid a tio n J a n . 1 1905 p e r p la n , V . 79, p .
V irginian R y . an d $ 3 ,0 0 0 ,0 0 0 T e rm . R y . 1st M. b o n d s, In a d d itio n t o th e
214 8 (see also V . 8 0 , p . 1243, 124 4).
P e n n sy lv a n ia C o. o n J a n . 1 1909
$ 1 0 ,000 ,00 0 o f o th er In co m e -p ro d u cin g secu rities. V . 8 6 , p. 1286, 1531.
o w n e d $ 1 1 ,6 3 3 ,4 0 0 of the s to c k .
V a n d alia C oal C o ., see V . 81, p . 216 .
" E q u ip m e n t trust first lien 5 % g o ld n o te s ,” Series " A , ’ ' a u th . and o u t ­
D I V I D E N D S .— 1905, 2 % ; 1906, 4 % ; 1907 t o 1909, 5 % y e a rly .
sta n d in g $ 3 ,3 7 5 ,0 0 0 , b ro u g h t o u t N o v . 1908 b y R e d m o n d & C o. (V . 8 7 , p .
B O N D S .— T h e co n s o lid a te d m tg e . is a first lien on th e ro a d fro m S t.
1480), m ature In series fro m M ay 1 1909 t o M ay 1 1918, $ 1 8 8,00 0 e a ch M ay 1
L ou is t o th e In d ia n a S tate Line, 159 m iles, an d fro m L o g a n s p o rt to B u tler,
an d $18 7,00 0 each N o v . 1. R e d e e m a b le as a w h ole on a n y in t. d a y a t 105
I n d ., 93 m iles, and a lien, s u b je c t to th e $ 2 ,3 9 9 ,0 0 0 o ld b o n d s, on the re­
an d in t. on 60 d a y s ’ n o tice .
Secu red u nd er trust deed p r o v id in g fo r th e
m a in in g 4 15 m iles o w n e d , fo r w h ich an e qu a l a m o u n t o f con sols Is reserved;
5 9 ,6 0 0 ,0 0 0 bein g also reserved fo r im p ro v e m e n ts an d general p u rposes. purch ase b y the c o m p a n y o f a b o u t 42 lo c o m o tiv e s , 27 passenger co a ch e s ,
1,500 steel coat cars a n d 2,075 fre igh t cars, o n w h ich an Initial cash p a y m e n t
S ee V . 80. p . 1243, 1236; V . 81, p . 1728; V . 82, p . 162, 630; V . 86, p. 1531.
o f $750,000 has been m a d e , a ifo rd ln g a m argin o f s e c u r ity o f 2 0 % .
E A R N I N G S — 12 m o s ., 1 1 9 0 8 -0 9 ____ G ross, $ 8 ,7 7 3 ,3 9 5 ; n e t, $ 2 ,143,259
O F F I C E R S .— P r e s ................................................ - ...............: V ic e -P r e s . a n d G en.
J u ly 1 t o Ju n e 30.
J1 9 0 7 -0 8 ____ G ross, 9 ,1 7 0 ,6 3 9 ; n e t, 2 ,1 6 8 ,7 5 0
M g r., R a y m o n d Du P u y , N o rfo lk , V a .; S e c. an d T r e a s ., Jam es C larke, 44
R E P O R T .— F or y e a r e n d in g D e c. 31 1908, In V . 88, p . 039 , sh o w in g ,
W a ll S t ., N ew Y o r k .— (V . 8 8 , p . 626, 884 , 1130; V . 89, p . 2 8 7 ).
g ross, $8 ,5 8 2 ,6 7 0 ; n e t, $ 1 ,853,533 ; o th e r In c., $ 23 ,264 ; ch a rge s, $ 1 ,1 3 7 ,2 0 5 ;
W A B A S H C H E S T E R & W E S T E R N R R . — S e e page 172.
d l v . ( 5 % ) , $ 72 9,57 0; b a l., su r., $ 1 0 ,0 2 2 .— (V . 88, p . 939.)

VERA CRUZ & ISTH. RR.— See p .1 7 2 . VERA CR. T E R M — V .8 7 ,p .3 9 .
VERA CRUZ & PACIFIC RR. — See V e ra C ruz & Isth m u s R R ., p . 172.
VERiMONT & AlASSACHUSETTS RR. — R o a d , F itc h b u r g to G reen­
field , M ass., 56 m iles o f d o u b le tra ck ; b ra n ch , 3 m iles. L ea sed to F itc h ­
b u rg R R . fo r 999 years at 6 % o n s t o c k .— (V . 79, p . 2589 )




W A B A S H -IM T T S B U R G H

T E R M IN A L

R Y . — (S ee M a p o f W a b a sh R R

— O w ns ro a d e x te n d in g fro m co n n e c tio n w ith W h e e lin g & L a k e Erie R R .
near J e w e tt, O ., ea ste rly to P ittsb u rgh , P a ., a b o u t 60 m iles o p en ed
July 2 1904: also e x te n s iv e term inals a t P ittsb u rg h an d m a jo r ity o f s tock
o f W h eelin g & Lake Krle (w h ich se e ). V . 78, p . 1908, 2 38 6, 2443; V . 82*
p 570
S to c k . $ 1 0 ,0 0 0 ,0 0 0 , all w iled b y W a b a s h .

a

C
D

to

Q
£5
O

23

Q
Sz;

G
O
o
O

~i
CO

£
I
—I
<3
rr>

CS

O

C5




n A IL n O A D S
F o r e x p la n a t io n o f c o lu m n h e a d in g s , & c . , s e e n o te s
o n f ir s t p a g e o f ta b les

M ile s
of
B oad

Wabash RR (C o n c l) — Equip bonds sink fund_.N.c&r
U do
.
do
Series A due $42,000 M & N___
_
_
ft Series B $43,500,000 due semi-annually______CPi
E Equipment bonds $66,000 or $67,000 due semi-ami
_
_
L Ser C (see V 82, p 1498) $309,000 due s-a red 101 _ .
i
Five-year notes $10,000,000 gold redeemable at par
--Kan City Exc Sp & Nor mtge g guar (V 79, p 2697)
9
Columbia & St Louis $300,000 gold guar p & i .S S t
22
42
Wabash Chester & Western— First mortgage gold . _c*
First consolidated mortgage $1,000,000 gold.SSt.c*
65
90
Wadlcy Southern— First mortgage g red 105.. __ G
_
_
Wallkill Valley— Stock 3 1 4 % guaranteed___________
First mortgage (formerly 7s) guaranteed__________
33
Second mortgage Income 3 ^ % guaranteed_______
33
Warren (N J)— Stock 7% perpetual guar D L & W _.
18
First ref mtge $2,000,000 gold guar p & 1— F.c*&r
18
Washington Central— First mtge gold $15,000 p m_ K
130
Washington & Columbia River— See Northern Pacific
Washington Co— First M g gu (end) red (text)..C e.c*
139
Washington & Franklin— 1st M $475,000 g Int rent-.r
19
Washington Ohio & Western— See Southern Ry
Wash Ter— 1st M g gu($2 ,0 0 0 ,000 4s) (text) .Us.xc*&r
Wash & Vandcm— 1st M $1,500,000 g gu p&LSBa.c*
40
Weath Min Wells & Nor— 1st M gu p & 1end (text) .N
23
West Chester— See Pennsylvania RR
West Jersey & Seashore— Common stock($10,000,000)
Special guaranteed stock (Includ $66,150 W J R R ).
Camden & Atl cons M ($650,000 5s; bal 6s coupon) .
79
Woodstown
Swedesboro first mortgage_______c*
11
West Jersey & S S first cons M Series A gold s f__c*
329
Gold Series B $ 1,500,000 gold_____________ _c*
329
Gold Series C & D ($909,000 Series C 3 J^s)_ c*
_
329
Gold . ______
______ . . ___
. . ...
329
West Shore— First M gu p & 1end by N Y C_.Un.c&r
479
West Virginia Central & Pittsburgh— See Western Ma ryland
West Virginia & Pittsburgh— First mtge g-.M eBa.c*
159
West Virginia Midland— First mtge $1,000,000 g._M o
34

D a te
of
B onds

1901
1904
1904
1907
1906
1905
1901
1902
1888
1893
1906
___
1877
1877
___
1900
1898
1904
1899
1905
1907
1902

S iz e , or
Par
V a lu e

IN T E R E S T O B D IV ID E N D S
A m oun t
O u ts ta n d in g

$1,000 $2,050,000
1,000
380,000
1,000
478,000
1,000
665,000
1,000 4,635,000
6,049,000
500
100,000
1,000
200,000
1,000
300,000
1,000
390,000
1,000 See text
100
330,000
1,000
250,000
1,000
330,000
50 1,800,000
1,000
1,394,000
500 &c 1,853,000
1,000
1,000

2,500,000
378,000

B a te
%

W h en
P a y a b le

W h ere P a y a b le, an d b y
W hom

B o n d s —- P r i n c i ­
p a l. W h en D u e .
S to c k s — L a st
D iv i d e n d

5 g M & S New York Trust Co, N Y Mch 1 1921
M & N Bankers’ Trust Co, N Y To Nov 1914
5g
4 K 8 J & D Colonial Trust Co, PIttsb To Dec 1914
A & O
To Oct 11914
5g
4 K g J & J Lee.Hlgglnson & Co.Bost To July 1 1916
4 a g M & N Central Trust Co, N Y May 1 1910
Jan 11928
4 g J & J Office, St Louis
M & N Office, 195 B’way, N Y May 1 1942
4g
5 g J & J Nat Bk of Com, St Louis July 1 1918
5 g J & J July 1894 paid July 1 ’96 Jan 1 1928
5 g J & J Guaranty Trust Co, N Y July 1 1926
3 )4
Q— F Grand Cent Station, N Y Nov 1909 % %
July 1 1917
do
do
J & J
3 )4
Sept 1 1917
do
do
M & S
3 )4
7
A 15 & O Del Lack & W RR N Y Oct 15 ’09 3 M
Aug 12000
do
do
3X S F & A
4g
Q— M Manhattan Trust Co,'NY Mcll 1 1948
3H g J
5g J

1,000 &c 12,000,000 3^ & 4 g F
1,000
720,000
4U g F
1,000
660,000
F
5g

J NTY, Portland & Boston Jan
Jan
J Philadelphia, Pa
& A Washington & New York Feb
& A U S Tr Co, N Y; & Balt Feb
& A Mercantile Trust Co.JN Y Aug

&
&

1 1954
1 1939
1 1945
l 1947
1 1930

50 9,641,600 S. e text. Seml-an Broad St Station, Phlla O ctl 1909 2 V,%
50
104,000
June 1 1909 3%
6
J & D
do
do
1881
1,000
999,000 5 & 6 J & J
do
do
July 1 1911
1882
1,000
90,000
6
M & N Camden Safe Dep& Tr Co May 1 1912
1896
1,000
1,600,000
4 g J & J Broad St Station, Phlla July 1 1936
1896
1,000
July 1 1936
1,413,000
do
do
3 )4 g J & J
1896
1,000
July 1 1936
1,970,000 3 )4 & 4 J & .T
do
do
1896
1,000
July 1 1936
do
do
J & J
750,000
1885 1,000 &c 50,000,000
4
J & J Grand Cent Station, N Y Jan 1 2361
RR
1890
1,000 3,943,000 (5) 4 g A & O B & O Off, 2 Wall St, N Y Apr 1 1990
1906
1,000
1,000,000
5 g ' A & O Morton Trust Co, N Y Apr 2 1926

Is In September 1004 acquired the entire $14,000,000 stock of Pittsburgh
The 5-year 4 >$% notes of 1905, of which $7,000,000 was sold, are secured
Terminal RR. & Coal Co., a belt line at Pittsburgh and about 15,000 acres by pledge of about $8,000,000 Wabash-Pittsburgh Terminal Ry. notes and
of coal and 675 acres of surface lands, the latter leased to the Pittsburgh other collateral. See list, V. 80, p. 1729; V. 80, p. 1231, 1364.
4•
A
I
Coal Co. The stock Is pledged to secure Wabash R R . 4 H % notes of
As to lien of old Toledo & Wabash R R . equipment bonds dated 1862,
1005. V. 80, p. 1364. V. 79, p. 1024, 2087. V. 80, p. 1232, 1364, 1720. see V. 89, p. 105.
On May 20 1008 F. H. Skeldtng and Henry W . McMaster were appointed
EARNINGS.—2 mos.,/1908-09
Gross, $4,862,533; net, $1,644,790
receivers, there being $6,873,500 promissory notes and purchase money
July 1 to Aug. 31. 11907-08
Gross,
4,454,956; net,
1,542,645
mortgages outstanding, $418,586 past-due Interest and $278,600 audited
REPO RT.— Annual meeting at St. Louis second Tuesday In September.
accounts. V. 86, p. 1410; V. 87, p. 679. In Sept. 1008 foreclosure was
begun of the 1st mtge. V. 87, p. 616. On Oct. 30 1908 authority was Report for 1908-09 at length In V. 89. p. 838, 859.
.j .,
. .J
given to Issue $954,211 first lien receivers’ certfs. to provide for tunnel re­
Y e a r e n d in g J u n e 30—
1909.
1908.
1907.
pairs; decision was reserved In Aug. 1908 on application to Issue $700,721 Average mileage____________________
2,515
2,51o
2,516
on the West Side Belt. V. 87, p. 416, 1239. In Mch. 1909 authority was Gross earnings______________________ $25,868,033 $25,740,074 $27,432,474
7,110,849
6,896,326
7,927,326
asked to Issue $500,000 2-year 6% certificates (to purchase 500 steel cars) Net earnings___ . __________________
1,137,445
878,504
942,528
dated March 11 1909 (Int. M. & S.), redeemable after 6 months at par, of From rent of tracks, &c_____________
which $433,000 Issued April 1909. V. 88, p. 626, 750.
Total net Income . _______________ $8,248,294 $7,774,830 $8,869,854
F i r s t M o r tg a g e B o n d h o ld e r s ' C o m m itt e e . — A committee (J. N. Wallace,
$809,637
$727,470
$883,551
Chairman; Central Trust Co., New York, depositary) In June 1908 requested T axes...................
2,402,143
1,338,002
deposits. More than a majority of the bonds has been deposited. V. 86, Track, bridge rent, additions, &c____ 2,566,304
Interest on bonds___________________ *4,291,612 *4,058,351 *4,011,636
p. 1346, 1411; V. 87, p. 168, 286, 546, 679; V. 88, p. 159.
Appropriation for new equipment_
_
________
________
1,700,000
S e c o n d M o r tg a g e C o m m itte e . — John W. Castles, Chairman; Alex. J.
Hemphill, Sec. (Guar. Trust Co., N. Y ., depos.). More than a majority of Dividend on “ A " debentures............. (6 % ) 2 1 0 ,0 0 0 (3 %) 105,0 0 0 (6 % ) 2 10,000
Dividend on " B ” debentures.............(2%)530,000(1%)265.000(1%)265.00Q
bond-, deposited. V. 86, p. 1411, 1531; V. 87, p. 348, 1421.
BONDS.— Both classes of bonds are secured by all property now owned
Balance, surplus__________________ def$159,259
$2 1 6 , 8 6 6
$461,665
or hereafter acquired, Including 60 miles of road owned, Pittsburgh ter­
* The Interest on first refunding and extension bonds, $799,360 In 1907minals and new bridge over Monongahela River, and, further, by deposit
of a controlling Interest In the Wheeling & Lake Erie, viz.; $11,870,000 05 and In 1906-07 $383,160 (to July 1 1907), was charged against proilt and
common, $6,423,800 second preferred and $847,500 first preferred stock; loss, to which was also credited dividends received on Series " A ” and *‘ B”
*
and also by a traffic and trackage agreement with the Wheeling & Lake Erie debentures owned, $328,550 In 1907-08 and $411,091 In 1906-07. ’•In
and Wabash, under which the latter two companies pledge 25% of 1908-09 "Interest on bonds” Includes full Interest on the outstanding “ first
their gross earnings from traffic Interchanged to meet any deficiency of and extension” bonds, less Interest reverting to company as owner.of major
interest and contract with Carnegie Steel Co. V. 80, p. 1231, 2221.
portion of debenture bonds. See V. 89, p. 838. j , ,4
m -a - m i
EARNINGS.— 12 mos.,/1908-09.........Gross, $719,543: net, $211,804
^OFFICERS.— Chairman, E. T. Jeffery; Pres., Frederic A. Delano;
July 1 to June 30.
11907-08.........Gross, 1,180,005; net, 592,528
Gen. Mgr., Henry Miller; Treas., F. L. O’Leary: Sec., J. C. Otteson.
For 10 mos. ending April 30 1908, gross, $1,060,720; net over taxes,
Directors—Thomas H. Hubbard, E. T. Jeffery, R. M. Gallaway, Edgar
$494,746; other Income, $53,198; charges, $1,233,965; bal., def., $685,021. T. Welles, George J. Gould, S. C. Reynolds, John T. Terry, J. J. Slocum,
Balance sheet Feb. 29 1908, V. 86, p. 1526.— (V. 88, p. 626, 687, 750.)
Winslow S. Pierce, Jay Gould, R . C. Clowry, W. H. Blodgett and F. A.
[.WABASH RAILROAD. — (S e e M a p . ) — Embraces lines as follows, viz.:
Delano. Office, 195 B’way, N. Y. -(V . 89, p. 859, 920, 995.)
J
W O w n s F a st o f M is s , n ic e r .
M ile s .
O w n s West o f M i s s , n i c e r .
M ile s .
‘WVADLEY SOUTHERN RY.. WARREN & CORSICANA PACIFIC RY..
Toledo, O., to East Hannibal,
Moberly to Ottumwa, la ........... 131
Camp Pt. and Elvaston, 111.. 536 Salisbury to Glasgow, la ., & c.. 15 WA R RE N RR.VYVASIIINOTON CENTRAL RY., WASHINGTON COUNTV
Decatur, 111., to E. St. L ouis.. 110 Des Moines to Moulton, la _____ 95 RY. .WASHINGTON & FRANKLIN RY.. WASHINGTON & VANDEMERE RR.— See page 172. , + t ^
1 rtf
x JL-tf xl.A J
Brunswick, Mo., to Council
June, near Chicago to Effingham
and Altamont, 111_____________216
BlulTs, la. (Incl. 41m . leased) 225
Streator to Falrbury__________
31 Excelsior Spr. to Mllw. June_______ 9 .^WASHINGTON FREDERICK & GETTYSBURG R Y . - ( V . 89, p. 530.)
Edwardsville Branch__________
8
WASH INGTON?TERMTNALCOi — Owns union statlon'at Massachusetts
Delrey, near Detroit, to Butler. 110
Total owned and leased--------2,046 Ave., Washington, D. C.. with terminal and approaches; opened Oct. 27
Montpelier, O., on line to De­
T ra ck a g e, & c.
1907. V. 85, p. 1144. The Phlla. Balt. & Wash. (Penn. RR. system) and
troit, to Clarke Junction, near
Chicago to ClarkeJunction------- 18 the Balt & Ohio own the outstanding $4,122,000 stock (auth. amount
Chicago____________________ 150 Moberly to Hannibal__________
70 $5,000,000) and guarantee the bonds, of which $10,000,000 bearing 3 >4%
Attica to Covington___________
15 East Hannibal to Q uincy__________ 17 lnt was sold In April 1905, $311,000 4s Feb. 1909 and the remaining $1,­
Champaign to Sidney_________
12 7 short lines to Quincy, De­
689,000 (4s) In July 1909. V. 80, p. 1973; V. 76, p. 812, 594; V. 77, p.
Toledo to Montpelier, O_______ 50
troit, & c ___________________ 34 252’ V. 80, p. 652, 1176, 1364; V. 85, p. 42; V. 89, p. 44. Form of guaranty,
New Haven to Butler, Ind_____ 26 Other lines___________________
54 V 84, p 1368. Other tenants, Southern R y., Wash. South. Ry. and Ches.
O wns 1
Vest o f M i s s , n i c e r .
Windsor, Ont., to Buffalo______ 275 6 Ohio R y.— (V. 89, p. 44.)
St. Louis to near Kansas C ity .. 275 (Grand Trunk R y., V. 66, p. 812.)
^WEATHERFORD AlINERAL WELLS & NORTHW. RY.— See p. 172. 1
Centralla to Columbia, Mo_____ 21
St. L. Levee to Ferguson, M o .. 11
Grand total July 1909______ 2,514
WEST JERSEY & SEA SHORE RR .— (S e e M a p P e n n s y l v a n i a B B .)
Also owns entire $10,000,000 stock of Wabash-Pittsburgh Terminal
R y., 60 miles, which holds a majority of stock of Wheeling & Lake Erie Owns all the lines on the Pennsylvania system in Southern New Jersey,
R y., 472 miles. In 1908 receivers were appointed for the Wabash-PIttsburgh including Camden, opp. Philadelphia, to Atlantic City (59.miles), Camden
to Cape May, 82 miles, &c., total, 323 miles. V. 62, p. 360, 871. Of this,
Terminal Ry. and Wheeling & Lake Erie R R . See those companies.
Camden to Atlantic City, with branch, total about 75 miles. Is equipped
PHHISTORY, &c.—Successor In 1889 to Wabash St. Louis & Pacific, fore­ electrically. Has traffic agreement with Atlantic City & Shore (electric)
closed. Mo. Pac. system July 1 1908 owned $11,326,200 pf. stk., $2,826,­ RR. and option to purchaso majority of Its $1,000,000 stock between May 1
200 com. stock and $3,963,200 1st ref. and exten. bonds. V. 78, p. 1110. 1913 and May 1 1918. V. 85, p. 162; V. 80, p. 1220.
Under the terms of the refunding mortgage of 1906 the debenture bonds
STOCK.— Penn. R R . held Jan. 1 1909 $4,090,900.
deposited are to be kept alive; also their voting power.
DIVIDENDS.— Common Sept. 1890 to March 1905, Incl., 5% yearly;
LEASE.— Entrance to Chicago Is over Chic. & West. Indiana, of whose
since to Sept. 1907, lncl., 6% yearly; 1908, 4% (M. (fc^S.); 1909, April, 2% ;
stock this company owns $1,000,000 (dividends, 1896-09, 6% yearly.)
WSTOCK.— Auth., com., $159,500,000; pref., 7% non-cum., $40,500,000; Oct., 2H % .
BONDS.— First consol, mtge. Is for $7,000,000, of which $1,090,000
Issued, com., $53,141,200; pref., $39,141,200. Par of shares, $100.
reserved for prior lien bonds when due, $750,000 4s having been sold Oct.
BONDS, &c.— In 1906 there was created, per plan V. 83, p. 437, 626, an 1909 to redeem the $750,000 West Jersey 6s due Nov. 1 1909. ..V._62.
Issue of 4% "first refunding and extension” bonds, limited to $200,000,000; p. 1179; V. 84, p. 160; V. 89, p. 995.
j ,
$5,000,000 were Issuable at once, $21,862,500 to retire the debentures
and $62,877,000 Is reserved to refund or retire the existing bonds, prom­
EARNINGS.— 8 mos.,1 1909.............Gross,*$3,981,483; net, $1,117,955
issory notes anti equipment obligations. The balance ($110,260,500)
Jan. 1 to Aug. 31.
J1908_______Gross, 1*3,735,783; net,
863,755
of the bonds Is to be used only for betterments, development, extension and
REPORT.— Report for 1908 was In V. 88, p. 1123.
equip. The plan Is operative, all of the $3,500,000 Series A and all except
Y e a r s e n d . D e c . 31—
1908.
1907.
1906.
1905.
$1,369,000 of the $26,500,000 Series B debentures having been exchanged In
July 1909 for new 4s Ser. A, receiving, per $1,000, $795 In new 4s, $580 In Gross earnings...................$5,114,888 $5,654,904 $5,206,284 $4,652,405
1,228,804
1,249,370
1,263,677
pref. stock and $580 In com., and each $1,000 “ B” bond $720 In new 4s, Net earnings..................... 1,170,399
In 1908, other Income, $84,609; lnt. on funded debt, rentals, taxes, &c.,
$520 In preferred stock and $520 In common. V. 83, p. 1591; V. 84, p. 52,
$784,904: dlvs. at 4% on com. (and 6% on special guar.) call for $391,904;
222, 1115; V. 85, p. 285, 1271; V. 86, p. 1665.
bal., sur., $78,200, used for extraord’y expenditures.— (V. 89, p. 995.) i ,j
Abstracts of the mortgages of 1889 were In V. 40, p. 270-273.
’ 07.
’08.
’09.
I n t e r e s t ........ ......) ’96. ’97 t o '99. ’00 to .04. ’05. ,06.
WEST SHORE RR .— (S e e M a p s N . Y . C e n tr a l & H u d s o n n i c e r . ) — Wee" A ” bonds ( % ). 1 1
0
6 yearly.
0
0 July, 6 Jan., 3 6
hawken, N. J., opposite N. Y. City, to Buiralo, N. Y ., with branches,
" B ” bonds (% )-J 0
0
0
o
0 July, 1 Jan.. 1 2
436 miles; Syr. Ont. & N. Y. RR. (owned), Syracuse to Earlvlllc, 43 m.
Between Utica and Syracuse Is being equipped electrically.
-■
<
D e t r o it & C h ic a g o E x t e n . mtge. ($3,500,000); abstract, V. 54, p. 1049.
LEASE.— Leased In 1885 for 475 years to the New York Central &
D e s M o i n e s D i c i s i o n bonds of 1899, see V. 68, p. 574; V. 69, p. 1248.
Hudson River and all earnings, &c., Included In that company’s report.
A sinking fund retires $100,000 equipment 5s of 1901 annually at 108
stock
Central
i
for 5 years, then $150,000 for 10 years and thereafter $200,000. V. 72, The $10,000,000 ofbonds Is owned by the New York and alsoCompany.
BONDS.— The
cover 479 miles of road,
the terminals
p. 185, 582, 822; V. 73, p. 567.
Col. & St. L. RR., V. 73, p. 338, 786, 1012; V. 74, p. 1040; V. 75, p. 686. at Weehawkcn. Abstract of mtge. In V. 42, p. 176.— (V. 68, p. 332.)
The $10,000,000 terminal gold bonds of 1904 are Issuable to acquire
WEST VIRGINIA & PITTSBURGH R Y — See page 172.
:
I
from time to time additional terminals at St. Louis and Kansas City, Mo.,
Chicago and Quincy, 111., Toledo, O., Detroit, Mich. &c. V. 76, p. 436.,
WESTERN (THE) RY. OF ALABAMA.— Selma to West Point, 132 m
753, 1032; V. 81, p. 1437;lV.l82,Jp.I570; V. 83, p. 1236; V. 84, p. 997.
Georgia RR. and Cent, of Georgia each own half the $3,000,000 stock.




141

RAILWAY STOCKS AND BONDS.
Oct., j909.]



R A IL R O A D S
F o r e x p l a n a t io n o f c o lu m n h e a d in g s , A c . , s e e n o te s
f i r s t p a g e o f ta b le s.

M ile s
of
R oad

S iz e , or
Par
V a lu e

Western (Ala)— 1st M g guar by C Ga and Ga R B ..C
132 1888
$1,000
Western Maryland— 1st mtg $50,000,000 g.Me,xc*&r (text) 1902
1,000
Receivers’ certfs redeemaDle (V 88, p 508)........ ......
1909
do
red par aft Apr ’ 10(V 88,p 884,1003)..Me.c
1,000
1909
do
redeemable par (V 89 p 1069)__________ _
1909
R ec’rs’ equip ctf due s-a red 102 Vi (V.88, p. 5 5 )..
1,000
1909
General lien and conv M $10,000,000.Eq.c* &r.text (text) 1902
1,000
West Va Cent & P 1st M g $3,600,000 as’m’dMp.c*
1,000
132 1881
Piedmont & Cumberland 1st M gold assumed__ Me
1,000
1886
Coal & Iron Ry 1st M gassum(V 71, p 1166) .Me.Ba
1,000
1900
Potomac Val 1st M $2,000,000 g assum. -MeBa.c* &r
1,000
31 1891
L i n e s L e a s e d (x) a n d C o n tr o lle d b y O w n e r s h ip o f a ll (y) o r M a j o r i t y (z) o f S
500
xy Balt & Cumb Val R y 1st mtg Interest rental-.
3 1879
xy Balt & Cumb Val RR 1st mtge Interest rental..
1879
100 &c
x Balt&Cum Val R R Ext stk gu ($270,000 car 7%)
50
27 1881
First mortgage Interest rental_______________Ba
1,000
xz Balt & Harrisburg R y mortgage gold..MeBa.c*
6 1886
6
1,000
xy Balt A Harrisburg R y W Ext gold guar.McBa.c*
15 1888
1,000
600 1887
Western N Y & Penn— 1st M ($10,000,000) g-.M e.c*
1,000
General mortgage $10,000,000 gold_______Un.c*
600 1895
1,000
Income bonds $10,000,000 gold non-cum. .FP.c*
1895
1,000
Western Pacific— 1st M $50,000,000 gred 105 Eq.c*&r '927 1903 1,000 &c
Second mtge $25,000,000 gold s f redeem par___ Ce
1908
1,000
Western Pennsylvania—See Pennsylvania R R .
Wheeling & Lake Erie— Receiver’s certlflcates______
1908
Receiver’s certificates $1,859,000 redeem after 1 yr
1908
Receiver’s certlflcates ($373,000 due March 1911)..
First mortgage Lake Erie DIv gold________ Me.c*
187 1886
1,000
First M Wheeling Dlv $ & £ (2d on 187 m) g..C e,c*
50 1888
1,000
Extension and Improv’t M ($1,900,000) gold._Ce.c*
260 1889
1,000
First consol mortgage gold $15,000,000_____Me.c*
1,000
451 1899
General mortgage $35,000,000 gold______Cc.c*&r
1905
1,000
Notes gold secured by $12,000,000 4s__________ ,\
1905
Car trusts June 1909 payable seml-ann & annually
Equipment bonds $2,500,000 g o ld s f (see te x t).-Me
1902
1,000
Equipment trust notes gold_____________________
1904
1,000
Wheeling Term— 1st M $2,000,000 g s f guar p & I.c&r
1,000
1900
White & Black River Valley— 1st M g int guar._F.c*
1900
1,000
—
£10
YVhite Pass & Yukon— Stock £1,700,000__________
DIVIDENDS.— \’94-’96. ’ 97. ’98. *99. ’ 00. ’01. ’02-’06. ’ 07. *08. ’09.
3
0
5
4
2 4 y ’ly
5
5
5
Per c e n t ___________ / 2 y ’ly
► For year ending June 30 1908, gross, $1,143,550; net, $257,638; other
Income, $28,760; charges, &c., $135,686; dlvs., $150,000.— (V. 82, p. 336.
WESTERN MARYLAND RR.—
L i n e s O w n ed — (390.7 m.)
M ile s .
L i n e s L e a s e d — (150.8 m.)
M ile s .
Maryland division, Balto., via
Balt. &Cumb. Val. (3 cos.)____ *34.1
Hagerstown A Wmsport. to
Balt. & Harrisburg (3 cos.)____ *97.6
Cumberland, Md____________171.0 Washington A Franklin............. *19.1
West Va. dlv., Maryland to BelT r a c k a g e in Baltimore________
2.7
Ington and Durbin, W. Va.,
with branches......................... 218.6
(• Sec this Co.)
Total June 30 1908 (also 38-69 m. 2d & 216.53 m. side, &c., track) .543.1
Through West Va. Cent. & Pitts., acquired 135,000 acres of bituminous
coal lands, 23 mining plants, 823 coke ovens, &c.
In 1907 acquired stock of George’s Creek & Cumberland, Cumberland to
Lonaconlng, Md., 21 miles, with 4 brs.; total, 33 miles (V. 88, p. 1003).
RECEIVERSHIP.— On March 5 1908 Pres. B. F. Bush was appointed
receiver. V. 86, p. 604, 1469. Foreclosure sale under the general lien
mortgage has been set for Nov . 19. V. 89, p. 995.
The receiver was authorized to Issue his certificate for $600,000 bearing
2% Interest for the 6 months, to be used In meeting the Oct. 1909 coupon
on the first mortgage bonds. V. 89, p. 1069.
C o m m itte e f o r G e n e r a l L i e n B o n d s . — A committee, consisting of Alvin W.
Krech (Chairman), Myron T. Herrick, Henry S. Redmond, Geo. P. Butler,
Winslow S. Pierce, Fredk. T. Gates and Henry E. Cooper (Equitable Trust
Co., N. Y ., and City Trust Co. of Boston, depositaries), requested deposits.
(In April 1908 about $7,000,000 had been deposited.)
REORGANIZATION PLAN.— The plan of reorganization issued by the
general Hen bondholders’ committee In July 1909 (V. 89. p. 287) provides
for (1) foreclosure of the general lien mtge., subject to the first mtge. and
Its underlying and divisional bonds, the fixed lnt. charges being reduced
$733,057 yearly; (2) the organization of a new company with $10,000,000
non-cum. 4% preferred stock (pref. both as to dlvs. and In liquidation,
convertible at option of holder Into com. stock at par and redeemable at
company’s option at par), and $60,000,000 auth. com. stock, of which $23,­
959,560, with all the pref.. Is to be Issued at present.
The holders of the $10,000,000 old general lien bonds will receive par for
principal In the new pref. stock and $8 36 in new com. stock for unpaid over­
due coupons. Including that of Oct. 1 1909, with lnt. thereon, and will also
have the right to subscribe for 50% of their holdings In new com. stock at
40 (see below).
A bankers’ syndicate will purchase $20,685,400 of the new com. stock to
provide the $8,274,160 cash required to retire the temporary obligations
for new property, betterments and Improvements, and further outlays to be
made therefor In excess of $600,000, and will otter the general lien bond­
holders the right to subscribe for 50% of their holdings, I. e., $5,000,000
new stock, at 40, or $2,000,000, and to the holders of the old com. stock
($15,685,400), 100% In new common stock on payment of 40% thereof, or
$6,274,160 In cash. Payments are to be made In four Installments of 25%
each on Sept. 1, Oct. 1, Nov. 1 and Dec. 1 1909. In Sept. 1909 over
90% of the stock had paid the assessment.
STOCK.— Authorized, $60,000,000; Issued, $15,685,400; par, $50.
BONDS.— The 1st M. Is a direct 1st lien on 157 miles, a direct 2nd
lien on 227 m. add’l, and also covers practically all the stock of proprietary
and leased cos. owning 131 miles of road, subject to $1,281,500 under­
lying bonds, making a total of 522 miles covered; also covers coal and coke
properties. V. 75, p. 550, 850; V. 79, p. 1024; see V. 79, p. 2692, and
V. 81, p. 266; V. 80, p. 473, 1914; V. 81, p. 614; V. 83, p. 273; V. 80,
p. 666.
Bills payable outstanding June 30 1909, $2,940,656.
Collateral loans due April 1 1908, $3,776,570, went to default, andthe
collateral ($5,037,000 1st mtge. bonds) was osld, being entirely or mostly
purchased by a syndicate. V. 88, p. 232; V. 85, p. 1267.
EARNINGS.— 2 m os.,11909________ Gross, $1,122,655; net, $463,821
J1908------------ Gross, 1,005,778; net, 427,782
July 1 to Aug. 31.
REPORT.— Report for year 1906-07 was In V. 85, p. 1266.
Y e a r e n d in g J u n e 30— 1908-09.
1907-08.
1906-07.
1905-06.
Gross earnings_________ $5,952,696 $5,648,278 $5,600,455 $4,802,094
Net earnings over taxes.. 2,048.967
1,873,180
1,870,477
1,696,411
Interest on deposits, &c.
119,917
120,374
110,397
82,072
Net Income, railways.. $2,168,884
Profits, coal, A c . , depts.
430,011

$1,993,554
502,020

$1,980,874
674,677

$1,778,483
720,044

Total net Income........ $2,598,895
Interest on bonds............ .$2,043,220
Rentals leased lines, &c..
175,821
Interest on loans............ . 122,433
Other deductions............
232,430

$2,495,575
$2,264,893
144,931
336,830
108,911

$2,655,551
$2,227,142
107,069
310,376

$2,498,527
$1,966,846
171,553
108,619

Balance, surplus...........
$24,991 df. $359,990
$10,964
$251,509
— (V. 89, p. 105, 164, 287, 594, 666, 780, 848, 920, 995, 1069.)
WESTERN NEW YORK & PENNSYLVANIA RY.— (S e e M a p P e n n s y l ­
v a n i a R R . ) — Owns Buffalo to Emporium, Pa., 118 miles; Buffalo to Oil
City, Pa., 136 miles; OH City to Olean, 110 miles; Stoneboro to Mahonlngtown, 37 miles: branches, Including proprietary lines, 194 miles; total owned,
597 miles: trackage, 61 miles; total, 658 miles.
ORGANIZATION.— Reorganization Mch. 18 1895 (per plan in “ Sup­
plement” of Jan. 1895) of the R a ilr o a d , foreclosed Feb. 5 1895.
In 1900 the Penn. R R . purchased $19,402,686 of the $20,000,000 stock at
$9 per share (par $50), $9,165,000 Inc. bonds at $300 per bond, and leases
the road for 20 years from Aug. 1 1903, subject to termination on 60 days’
notice. V. 75, p. 1255. As to reorganization rumors, see V. 89, p. 105.
BONDS.— Abstract of 1st M. in V. 47, p. 109. Dec. 31 1908, $395,000
Income bonds were In the treasury. Mortgages and ground rents, $562,428.




B on d s— P r in c i­
p a l, W h e n D u e
S to ck s— L a st
D iv i d e n d

IN T E R E S T OR D IV ID E N D S
D a te
of
B onds

A m ount
O u ts ta n d in g

R a te
%

W h en
P a y a b le

W h ere P a y a b le, a n d by
W hom

$1,543,000
4 H g A & O Guaranty Trust Co, N Y
42,518,000
A & O Oct 1909 coupon paid
4g
2,000,000
5
1,250,000
5
A & o
600,000
4
510,000
5
1 A .J Mercantile Trust Co. N Y
10,000,000
A A () In default
4g
3,250,000
6 g 4 * .1 Mercantile Tr Co, N Y
650,000
F & A
5g
do
do
1,000,000
F & A Merc Tr & Dep Co, Balt
5g
1,300,000
5 g J A J Maryland Nat Bk, Balto
lo c k — See st atement of each c ompany.
48,500
6
I & J
do
do
72,800
6
J A J
do
do
390,600
5&7
J A J
do
do
230,000
6
J A J
do
do
690,000
M & N
do
do
5g
240,000
M A N
do
do
5g
9,990,000
5 g J A J New York Trust Co, N Y
10,000,000
A & O
do
do
4g
10,000,000
5
Nov 1 Fidel Trust— When earn
49,925,000
M A s New York & San Fran
5g
See text
5 g J & J New York

Oct 11918
Oct 1 1952
Mch 1 1911
Apr 1 1911
Mch 30 1910
Jan ’ 10-Jan
Oct 11952
July 1 1911
Aug 11911
Aug 11920
'
1 1941

Nov 11936
May 1 1938
1 1937
Apr 1 1943
‘
1 1943

107,350
6
6
1,859,000
1,802,000
6
2,000,000
A A o Mercantile Trust Co, N Y
5g
894,000
5 g ,r A, J Central Trust Co, N Y
409,000
F & A
5g
do
do
11,697,000
M A S Mercantile Trust Co, N Y
4g
See text
F A A
4 g
8,000,000
F A A See text
5g
177,500
1,898 ;ooo
5 g J A j July’09 coup paid wh due
504,000
4 Vi g Various Various
i
iTo Dec 1914
1,573,000
4 g F A A Office. Pittsburgh
600,000
5 g .1 A J First National Bank. N Y
£1,375,000 See text See text Office 7 Moorgate St,Lon

H ANNUAL REPORT.— Report for 1908 was In V. 88, p. 1123.
Y e a r s e n d in g D e c . 31—
1908.
1907.
1906.
Gross earnings.............
$7,240,235
$9,287,414 $7,674,112
Net earnings after taxes---------- -------310,129
1 ,4 1 4 , 5 3 0
1 ,4 1 8 , 3 9 5
Interest on first m ortg a g e................
499,500
499,500
499,500
lnt. on gen. mtge. (see above)______
400,000
400,000
400,000
Car trusts and other Interest-----------399,456
494,532
4 8 3 ,0 1 6
565,563
412,742
2 1 4 ,9 4 9
Miscellaneous and extraordinary___
Balance, deficit------------$1,554,390
$392,244
$179,071
— (V. 86, p. 1525; V. 88, p. 1063, 1123; V. 89, p. 105.)
WESTERN PACIFIC RY.— Salt Lake City, Utah, to Oakland (San Fran­
cisco). with branches, 927 miles, to bo ready for freight operations by Dec.
1909. The Denver & Rio Grande owns two-thirds of the stock and agrees
to meet any deficiency In earnings to provide Int. on bonds. V. 80, p. 1730.
Stock authorized, $75,000,000; par of shares, $100; V. 81, p. 728. Bonds,
$49,925,000, have been sold; see table above; sink, fund, $50,000 yearly,
beginning Sept. 1910. V. 78, p. 1168; V. 80, p. 1480; V. 81, p. 32; V. 86,
p. 1287; V. 87, p. 40, 286; V. 88, p. 102, 565, 1063, 1130. The shareholders
Nov. 9 1905 authorized $25,000,000 2d mtge. bonds, of which an amount
necessary to complete the road to be purchased by Den. & Rio Grande;
Issued Oct. 1909, $23,230,000. V. 86, p. 1227; V. 87, p. 741. Pres.,
E. T. Jeffery.— (V. 88, p. 102, 565, 1063, 1130, 1314; V. 89, p. 412, 995.)
WHEELING & LAKE ERIE RR.— ( S e e M a p o f W a b a s h R R .)— Includes:
L i n e s o w n e d —■
M ile s .
M ile s .
Toledo, O., to Martin’s Ferry___ 216 Cleveland Belt............................... 6
Cleveland to Zanesville, O_______144 Various branches owned_________ 61
Canton to Sherrodsvlllc__________ 45 Branch oper., perp. lease________ 21
Toledo Belt Line........................... 5
Total July 30 1909..................................................................................... 498
HISTORY.— Organized In 1899, per plan In V. 66, p. 1142; V. 68, p. 830.
STOCK.— Common, $20,000,000; 1st pref., 4% non-cum ., $4,986,900;
2d pref., 4% non-cum., $11,993,500. Par, $100. Wabash-Plttsburgh
Terminal Ry. owns $11,870,000 common, $6,423,800 2d pref. and $847,500
1st pref. stock. V. 78, p. 2386, 2444.
Owns majority of stock of the Pitts. Wheeling A Lake Erie Coal Co.,
leased In 1901 for ten years to other parties. V. 88, p. 749, 104; V. 89,
p. 995. Controls Sugar Creek & Northern (cut-off), Bolivar to Orrvllle,
22 miles. V. 89, p. 227.
The Pittsburgh Lisbon & Western, New Galilee, Pa., to Lisbon, O., and
Salem to Washlngtonvllle, O., 7 miles. Is owned, but operated separately.
It has outstanding $150,000 5% bonds due July 1 1926, red. at 105, and
$838,000 1st 50-yr. 4s due Dec. 1 1952. Bowling Green Tr. Co., N. Y ., trust.
RECEIVERSHIP.— On June 8 1908 B. A. Worthington was appointed
receiver. V. 86, p. 1469. On Aug. 7 1908 $364,000 2-year 6% receiver’s
certlflcates were authorized, and In Sept. $233,940 to pay the Sept. 1908
coupons on the first consols and In Mch. 1009 $373,000 6% certfs. to pay
the $233,940 coupons on the first consols and $139,970 for taxes. V. 87,
p. 416, 616; V. 88, p. 626. On April 17 1909 $1,429,000 2-year 6% receiv­
er’s certfs. were auth. for Improvements. V. 88, p . 750,1063. On N o v .17
1908 $1,859,000 of 6% receiver’s certfs. were authorized, redeemable at
any time after one year. V. 87, p. 1359. In Sept. 1908 foreclosure was
begun under general mortgage. V. 87, p. 741, 1480.
In June 1908 Brown Brothers & Co. and Maitland, Coppell & Co. re­
quested bondholders to communicate with them. V. 86, p. 1591.
C o m m itte e f o r E q u ip m e n t B o n d s D u e 1922.— F. J. LIsman, Chairman;
Wm. G. Edinburg, Sec.; Columbia Tr. Co., N. Y ., depos.;V. 87, p. 168.
BONDS.— Mtge. of 1899, see application to list, V. 71, p. 34, 542; V. 72,
p. 534, 628; V. 74, p. 1040; V. 77, p. 2392.
Equipment bonds of 1902 may be purchased at not exceeding 105 and In­
terest or drawn by lot at 108 and interest (or the sinking fund may bo applied
to the purchase of additional equipment) to the following amounts: $100,000
yearly to Jan. I 1909, then $100,000. $125,000, $150,000 and $175,000
yearly for each successive period of 4 years. V. 74, p. 578.
The stockholders in 1905 authorized $35,000,000 4% bonds, of which
$12,000,000 were pledged to secure $8,000,000 notes sold for double track
and other Improvements and equipment. The notes not being met at maturley, on Aug. 1 1908, were purchased by a syndicate. V. 81, p. 669,
778; V. 83. p. 1287; V. 87, p. 286, 348.
LATEST EARNINGS.— 11909 ...........Gross, $1,205,829; net, $381,965
2 mos., July 1 to Aug. 31.J1908...........Gross, 1,059,282; net, 345,687
REPORT.— For year ending June 30 1909 In V. 89, p. 842. In 1908-09 of
rev. fght., products of Imnes furnished 68.69% (bituminous coal, 46.73% ).
F is c a l
G ross
Y e a r — E a r n in g s .

N e t ( O v er
T a x es ).

O th er
In com e.

M t g .B o n d
I n te r e s t.

O th er
D ed u c.

B a la n c e ,
S u r .o r D e f,

1908-09.$5,633,645 $1,172,591 dr.$25,685 $321,110 $798,364 sur.$27,432
1907-08. 5,397,001
846,714
160,186 1,033,030 577,797 def.603,927
1906-07. 6,124,207 1,771,920
120,431 1,033,030 527,092 sur.332,229
Interest on bonds in 1908-09 Includes Interest on consolidated mortgage
bonds for 4 months only, Interest for remaining 8 months having been paid
from proceeds of receiver’s certlflcates. "Other deductions” In 1908-09
Include, In addition to Interest on equipment obi gatlons, Interest and dis­
count and rents for road and equipment, the following: Interest on rcce ver’s certificates, $96,123; Interest on receiver’s certlflcates, $61,670; and
equipment obligations paid by receiver, $237,877.
OFFICERS.— Chairman of Board, Myron T. Herrick, Cleveland; Pres.,
Edwin Gould, New York; Sec. and Treas., H. B. Henson, New York.
DIRECTORS.— E. T . Jeffery, Edwin Gould, R. C. Clowry, Kingdon
Gould, Alvin W. Krech and W. E. Connor of New York; Myron T. Herrick,
George A. Garretson, E. YV. Oglebay, H. P. McIntosh, B. A. Worthington
and W. M. Duncan of Cleveland; and C. M. Spitzer, F. J. .Reynolds and
S O. Reynolds of Toledo, O.— (V. 89, p. 995.)

M3
RAILWAY STOCKS AND BONDS.
Oct., 190!).



R A IL R O A D S
F o r e x p l a n a t io n o f c o lu m n h e a d i n g s , & c . , s e e n o te s
o n f i r s t p a g e o f ta b les.

IN T E R E S T OR D IV ID E N D S
M ile s
of
R oad

D a te
of
B onds

S iz e , or
Par
V a lu e

Am ount
O u ts ta n d in g

R a te
%

W h en
P a y a b le

W h ere P a y a b le, a n d b y
W hom

B on d s— P r in c i­
p a l. W h en D u e
S to c k s —L a st
D iv i d e n d

White P & Y ( C o n ) — Cons 1st M deb stk red after 1920
110 1900
£10 &c
5
J & J Office, 7 Moorgatc St,Lon Dec 31 1930
£746,702
Mortgage debentures (navigation bonds) redeem 105
1901
£10C
£255,555
6
.1 & .1 Glyn, M, C & Co, London Jan 1 1930
Wichita Falls & Northw— First M g red 105_FC.xc&i
61 1909
1.00C
1.000.00C
5 g J & J Eqult Tr Co, N Y & Chic Jan 1 1939
Wichita Falls & So— 1st M $780,000 g gu p&I s f.FC.c*
1,00C
700,00C
52 1908
J & J
5g
Jan 1 1938
Wilkes-Barre & Scranton— Stock 5% rental........ ........
5C
4.37
500,000
5
Dec 31 437 Chestnut St, Phlla D ec31 1908 5%
First mortgage gold guar p & 1 by L C & N Co___
4.37 1888
1.00C
500,000
do
do
4 )4 g M & N
May 1 1938
Williams Valley— First mtge $120,000 authorized___
500
120,000
11 1903
5
J & D Tower City (Pa) Nat Bk Dec 11923
Williamsport & Nor Br— First mtge $750,000 g.FP.c*
47 1901
1,000
545,000
&
J Fidelity Trust Co, Phlla July 1 1931
4 )4 g J
Wilmington Columbia & Augusta— See Atlantic Coast Line Co. of South Ca rolina
Willmar & Sioux Falls— See Great Northern
88 1887
Wilmington & Northern— 1st M call In 1907 Int guar.r
500
354,000
5
J & D Reading Terminal, Phlla Dec 1 1927
General mtge $1,000,000 gold p & I guar(end) .PeP.r
88 1892
1,000
406,000
Quar
do
do
Aug 1 1932
5g
Wilmington & Weldon— See Atlantic Coast Line RR
1.03 1890
Winona Bridge— First mtge gold s f redeem at 110..F
1,000
384,000
5 g M & S 209 Adams Street Chic Sept 1 1915
Winston-Salem Southbound— See Norfolk & Western
Wisconsin Cent Ry— Pref stk 4% n-c $12,500,000 auth
100 11,267,105 See text Quar
Oct 15 '09 1%
All
1899
First general mortgage ($27,000,000)_______ Us.c*
1,000 24,589,000
J & J1
July 1 1949
4g
1900
Minn Term mtge gold subj to call at 105 after 1910
1,000
&
500,000
J
Jan 1 1950
3 )4 g J
33 1901
Marsh & S IC Dlv llrst mtge gold subj to call 105. Us
1,000
411,000
M & N i
New York
May 1 1951
4g
Sup & Dul Dlv & Term M $7,500 ,000 g (text).U s.c*
160 1906
1,000 7,500,000
M & N
Bank of Montreal
May 1 1936
4g
Chicago Wise & Minn llrst mtge gold assumed_ c*
_
122 1885
1,000
776,000
6
M & S
Mch 1 1916
Milwaukee & Lake Win llrst mtge gold assumed..c*
66 1882
1,000
J & JJ
604,000
July 1 1912
6g
First and refunding mtge gold $60,000,000 auth_
_
1909
$& £
Apr 1 1959
2,500,000
4 g A & O
Car trusts ($136,815 4 )4 s due Oct 13 1912)...............
: : : 1902
228,030 4H * 5 Various |n Y , London & Montrl May '10-May’ 14
Equipment trusts gold due $60,000 yearly_ ..M p
_
1905-7
To Oct 13 1912
175,000
5g J & J
do
do
($781,425 dated 1909)_____
1908-9
4
J & J
561,600
Wisconsin & Michigan— First mtge gold $951,000-Mp
54 1895
1,000
1.305i585
J & J See text
Ian 1 1945
General mortgage gold (see text)_____ __________
1905
1,000 V 81, p 1842
F & A New York
Feb 1 1955
Wise Minn & Pacific— First mtge (see text) g — Me.c*
271 1900
1,000
A & O Blair & Co
6,232,000
Oct 1 1950
Wisconsin & Northern— First M $10,000,000 g.U s.c*
1907
1,000 See text
J & J New York
July 1 1932
Woonsocket & Pasc— First M Int guar City of W oon.c
9 1890
1,000
A & O R I Hosp & Tr Co, Prov Oct 1 1910
100,000
5
Worcester Nashua & Rochester— Stock ($3,600,000).
94
100 3,099,800 5M in ’09 J & J American Trust Co, Bost ruly 1 1909 3%
Worcester & Nashua llrst)
[
47 1905
1,000
do
do
J & J
150,000
Tan 1 1935
4g
mortgage of 1879 se-f ($511,000 due In 1913).{
47 1890
1,000
do
do
4
J & J
ran 1913 & 1930
1,246,000
cures all equally
J
l
47 1895
A < ()
&
do
do
1,000
4
Oct 1 1934
380,000
Wrightsv & Tennille— 1st M s f g red 102 )4 beg ’ 12 .c*
104 1907
1,000
J & • Fennlllc, Ga
J
ran 1 1958
100,000
5g
Yellowstone Park— First mtge $3,000,000 gslnk fund
22 1905
1,000
432,000
5 g J & J Farmers’ Tr, Lancas, Pa ruly 1 1945
Yoseniite Short Line Ry— See Sierra Ry of California
_
78^ 1906
Yosemite Valley— First mtge $3,000,000 gold s f _ c*
1,000
3,000,000
5 g J & J Mech Trust Co, San Fran Jan 1 1936
WHEELING TERMINAL RY.— Owns a railway bridge at Wheeling, W.
DIVIDENDS.— First dlv. on pref., 4% for the year, paid 1% Dec. 23
Va.( and about 10 miles of terminal track. Successor of Wheeling Bridge & 1908 and 1 % each on Mch. 11 and July 15 and Oct. 15 1909. V. 87, p. 1534
Terminal Ry., foreclosed In 1900. STOCK.— $2,000,000, all owned by
Pennsylvania C o m p a n u , which guarantees principal and Interest of bonds,
BONDS.— The 1st gen. gold 4s of 1899 ($27,000,000 authorized) are se
of which $500,000 are reserved for additions and Improvements; mtge. cured by a mtge. upon all the lines of railway, terminals, equlpm’t and other
trustee, Commercial Trust Co. of Phlla. Form of guaranty, V. 76, p. 655. property acquired thereby, and also by deposit of all securities owned
Penn. HR. on Jan. 1 1909 owned $1,263,000 bonds. Dividends, 2 % paid In or acquired under the plan; In Jan. 1909 $1,519,000 were reserved to retire
1906 and 1907. Cal. year 1908, gross, $107,418; net, $24,940; other Income, underlying bonds still outstanding; $800,250 available for Improvements
$28,249; charges, $63,883; bal., def., $10,693. Sec., S. 13. Liggett.— (V. were Issued June 1908. Of the generals, up to Feb. 1909 $892,000 were
76, p. 655.)
purchased In the open market and canceled. V. 75, p. 734, 1204; V. 77,
p. 1236; V. 86, p. 1591. In Oct. 1908 arranged to purchase 2,650 freight
WHITE & BLACK RIVER VALLEY RR — Brinkley to Jacksonport, cars for $1,492,250 on deferred payments. V. 87, p. 1012.
Ark., 56 miles; Wlvllle, Ark., to Gregory, 6 m.; total, 62 miles. Leased for
The Superior & Duluth Division & Term. 4s are limited to $7,500,000,
80 years from July 1 1900 to the Choctaw Oklahoma & Gulf RR. for guar­ the present amount outstanding; they cover the road from Owen, WIs.,
anty of Interest, endorsed on bonds. Stock authorized, $1,875,000; paid via Superior to Duluth, Minn., 160 miles, and terminals at both Superior
In, $323,000. Of the $600,000 bonds outstanding, $100,000 have coupons and Duluth. V. 82, p. 806, 930, 1103; V. 83, p. 986; V. 84, p. 1429; V.
cut oir for the llrst 10 years and $200,000 are reserved for extension to 85, p. 532; V. 86, p. 1411; V. 88, p. 824. There are also $84,000 Dickin­
Batesvllle. —(V. 72, p. 189.)
son equipment trust 6s due $24,000 yearly to April 1 1913.
The directors In March 1909 authorized a “ llrst and refunding” mtge.
WHITE PASS & YUKON R Y — See page 172.
to secure an Issue of bonds limited to $60,000,000, of which $36,000,000
WICHITA FALLS & NORTHWESTERN R Y — Owns from Henrietta, Is reserved to refund existing bonds and equipment obligations and the re­
Tex., to Frederick, Okla., 69 miles (Including the Wichita Falls R y., Hen­ mainder for general purposes; Empire Trust C o., N. Y ., trustee. Of the
rietta, Tex., to Wichita Falls, 18 miles, all of whose securities are owned, bonds, $10,000,000 to $15,000,000 are to be Issued shortly for Improvem’ ts,
operated by Mo. Kan. & Texas Ry. under contract extending to Jan. 1 1930 Including a cut-oir to shorten the main line between Chicago and Minneapo­
providing for division of rates). Under construction from Frederick to lis and St. Paul, 40 miles; also bonds to build the company’s own line Into
Elk City, 89 miles, of which 26 miles opened Sept. 1909; total to be 158 Milwaukee to replace trackage, and also a terminal, the total cost to be
miles. The Wichita Falls & Southern R y., controlled by same Interests, $3,000,000 to $4,000,000, and to provide $750,000 to complete the Duluth
extension. V. 88, p. 687, 824 , 884. Of the bonds, $2,500,000 have been
completed from Wichita Falls to Newcastle, 52 miles, In Sept. 1908.
Stock authorized (?). The 1st 5s of 1909 ($2,300,000 authorized Issue) sold to complete the Duluth terminals. V. 89, p. 44, 1069.
will be secured on 151 miles by direct llrst lien or deposit of securities,
EARNINGS.— 1 m o.,11909....................... Gross, $712,435; net, $282,948
$1,000,000 being Issued on the llrst 69 miles; sinking fund of 1% payable
July 1 to July 31.
J1908................ .......Gross, 651,649; net, 246,215
semi-annually. V. 88, p. 1439. WIch. F. & So. bonds ($700,000 out­
standing) guar., p. & I., by WIch. Falls Ry. (see below) and W. F. & North­
REPORT.— Report for year ending June
western, V. 88, p. 687, 884, 946. For year ending June 30 1909, net, ture reports will be Included with those o f 30 1909, In V. 89, p. 1065. Fu­
the lessee.
$246,943; Interest and sinking fund, $60,000; balance, surplus, $186,943
1908-09.
1907-08.
c. or D ec
For year ending Oct. 31 1908, gross, $274,861; net, after taxes ($9,365), Operating revenue.................................$7,494,355 $7,307,311 I n+$187,044.
$153,636. Pres., Joseph A. Kemp.; V .-P., W. C. Fordyce; Sec. and Operating expenses and taxes_______ 5,445,134
5,449,023
— 3,889
Treas., Wiley Blair, Wichita Falls, Tex.— (V. 88, p . 1439; V. 89, p. 920.
Net earnings.........................................$2,049,221 $1,858,288 +5190,933
WICHITA FALLS RY.— See W. F. & Northw. above.— (V. 88, p. 1439.)
Total net Income____________
..$2,083,945
$1,908,858 +$175,087
WICHITA VALLEY R Y .— See Issue of Oct. 1908.
Interest, rentals, &c________________ 1,635,902
1,557,849
+78,053
250,826
+250,826
Preferred dividend___________________
WILKES-BARRE & SCRANTON R Y. — (S e e M a p H e a d in g S y s t e m .) —
Owns from Scranton to Minooka Jet., Pa., 4.37 m., of which 1 ) 4 miles Is
Balance, surplus.............
$197,217
$351,009 — $153,792
double track. Leased from May 1 1888 to Lehigh Coal & Nav. Co. (which
holds all the stock) during corporate existence less one year, at $47,500
DIRECTORS.— Edmund Pennington, A. H. Bright, W. L. Martin, J. S.
per annum and taxes. Lease assigned to Central of N. J. at 6% on cost of Plllsbury, C. E. Wales and C. T. Jalfray, Minneapolis; Newman Iirb, Leroy
road ($1,141,676) and taxes.
W. Baldwin and C. C. Dickinson, New York; Sidney G. Courtcen, Milwau­
kee, WIs.; M. H. Ballou, Menasha, WIs.
WIL LI AM ’S VALLEY RR. — Brookslde to Lykens, Pa., 11.16 miles.
Stock authorized, $120,000; outstanding, $90,000; par of shares, $50.
OFFICERS.— Chairman of Board, Newman Erb; Pres., Edmund Pen
In April 1907 the Reading Co. obtained control. V. 84, p. 933. For year nlngton, Minneapolis; V .-P., A. H. Bright, Minneapolis; Comp., C. W ’
1907-08, gross, $28,958; net, $1,444; charges, $8,467; bal., def., $7,023. Gardner, Minneapolis; Treas., Win. R. Hancock, Minneapolis; Sec., G. W
Webster, Milwaukee: Asst. Sec., J. A. Millington, Milwaukee.— (V. 88’
— (V. 84, p. 933.)
p. 1003, 1199, 1439; V. 89, p. 44, 780, 995, 1065, 1069.)
WILLIAMSPORT & NORTH BRANCH RR.— Hall’s to Satterileld, Pa.,
and branch, 47 miles; leases Eagles Alere R R ., 10 miles; total, 57 miles.
WISCONSIN & MICHIGAN RY.— Seo page 172.
Stock (authorized, $2,000,000), common, $925,362; preferred, $400,000;
WISCONSIN MINNESOTA & PACIFIC.— Seo page 172.
par, $50. In Sept. 1909 $150,250 preferred stock was purchased by new
parties. V. 89. p. 780. The 4Hs of 1901 cover the road and 3,000 acres
north
of coal lands In Sullivan County, Pa., $250,000 being reserved for extensions. to WISCONSIN & NORTHERN RR.— Projected from Menasha, Wls., which
Mass,
with branch
V. 72, p. 990, 1280. Equipment trusts June 30 1909, $37,500; bills pay­ Shawano Mich., 210 miles, 36 miles, and to Antlgo, WIs., 24 miles, of miles,
to Van Ostrand,
Craiulon to W. * N. June., 6
able, $35,448.
For year ending June 30 1908, gross, $150,924; net, $26,950; charges, were operated In Dec. 1907. Stock, $1,000,000; outstanding, $700,000;
$34,853; other deductions, $4,340; bal., def., $12,254. Pres., S. D. Town­ par, $100. Bonds, $10,000,000 auth. Pres., H. F. Whitcomb; Sec., F. H.
send, Hughesvllle, Pa.; Sec. & Treas., H.C. Adams, N. Y .— (V. 89, p. 780.) Josselyn. Office, Oshkosh, Wls.— (V. 8 7, p. 741.)
WORCESTER NASHUA & ROCHESTER RR .— Owns from Worcester
WILMINGTON & NORTHERN RR.— See page 172.
via Nashua to Rochester, 94 miles. Leased for 50 years from Jan. 1
1886 to the Boston & Maine; rental, $250,000 and taxes. V. 81, p. 1794.
WINONA BRIDGE RY.— See page 172.
DIVS.— 1'87 to ’93. ’94 to ’97. ’ 98. ’99. ’00. ’01. ’02. ’03. ’04. ’05 to ’09.
Per cent] 6 yearly. 5 yearly. f> )i 4 ) 4 4 5M 5 4K 5M 5M yearly
WISCASSET WATERVILLE & FARiMINGTON.— See page 172.
WRIGHTSVILLE & TENNILLE RP.— Tennille, Ga., to Hawklnsvlllc,
WISCONSIN CENTRAL R A I L W A Y .— (See M a p ) .— SYSTEM extends
from Chicago to Ashland, WIs., and Lake Superior Iron mines; also to 76 miles; Dublin to Eastman, Ga., 28 miles (former Dublin & Southwestern,
St. Paul and Allnneapolls. By car ferry connects with the Pere Marquette acquired Aug. 1907); total. 104 miles. Stock, com., $530,000; pref., $70,­
000; par, $25. Central of Georgia owned June 30 1909 all pref. and $278,­
and has a short line to the East. V. 63, p. 117. The system Includes;
600 com. First mtge. to the Citizens’ & Southern Bank, Savannah, for
L i n e s o w n ed —
M ile s .
L i n e s ow n ed —•
M ile s .
Chic, to Trout Brook Jet., W Is.. 452 Owen to Superior-------------------- 154 $250,000, $150,000 being In treasury Jan. 1909. V. 85, p. 285, 795, 1578.
Dlvs., long 6 to 7% yearly: 1904, 7% ; 1905, 0% ; 1906, 11%; 1907, 11%
Abbotsford to Ashland, W ls_ 133 Other branches________________ 49
_
Branch to Bessemer...............
34 T r a c k a g e to Chic., Min.,&c_________ 32 (incl. 5% extra); 1908 and 1909, 6% (J. & J.). For year to June 30 1909,
Stevens Point to Portage C ity .. 71 Rugby to Milwaukee, &c__________ 28 gross, $260,881: net, 569,8 11; other Income, $1,321; Int., taxes, &c., $23,­
139; Impr'ts, $2,653; dlvs. (6 % ), $36,000; bal., sur., $9,340. Pres., A. F.
Neenah to Manitowoc (14 jointly) 44
Daley, Tennllle.— (V. 85, p. 1578.)
Total June 30 1909_________ 1,030
Marshlleld to Nekoosa_________
33
Extension from Ladysmith to Superior and Duluth, 115 miles, was opened
YELLOWSTONE PARK RR.— Projected and partly built from Brldger,
Jan. 4 1909. V. 81, p. 1263; V. 82, p. 1324; V. 83, p. 986; V. 88, p. 102.
Mont., to Cook City, with branches, a total of 125 miles, of which Brldger
ORGANIZATION.— Successor July 1899 of Wisconsin Cent. Co., fore­ to Bear Creek. &c., 30 miles. In operation. On June 30 1909 M. W. Ma­
closed per plan V. 68, p. 725; V. 69, p. 29, 133; V. 70, p. 434. In Jan. 1909 guire and H. R. French were, It was reported, appointed temporary re­
Minn. St. Paul & S. S. M. acquired 51% of common stock, affording that ceivers. V. 89, p. 105, 165. Stock authorized, com., $2,250,000; pref.,
road a Chicago connection, cut-oirs to be built from Burlington, Wls., to 6% cum., $750,000; par of shares, $50. Outstanding, coin., $324,000; pref.,
Portage and from Hancock to Grand Rapids, the road being leased for 99 $108,000. Of the bonds $432,000 were Issued on 22 miles, the balance being
years from April 1 1909, and most of the preferred stock exchanged for Issuable at $24,000 per mile. V. 81, p. 1494. Suit, V. 84, p. 809, 933.
Minn. St. P. & S. S. M. leased line certificates, secured by deposit of Wise.
Pres., Frank A. Hall; Sec. and Treas., George J. Atkins.— (V. 84, p. 869,
Cent. pref. stock, on which 4% dividends are paid. V. 88, p. 159, 232, 933, V. 88, p. 1562; V. 89, p. 105, 165.)
566, 626, 750, 1003, 1439; V. 89, p. 780.
YOSEMITE VALLEY JRR.— Merced, Cal., to the Yosemite National
STOCK.— Stock, authorized, common, $17,500,000; pref., 4% noncum., $12,500,000. Outstanding, common, $16,147,876; pref., $11,267,105; Park, 78 miles, completed May 15 1907. Stock, $ >,000,000, all outstand­
par of shares, $100. After 4% dividends on both classes shall have been ing; par, $100. Bonds ($3,000,000 authorized). V. 82, p. 511, 930; V.
For year ending June 30 1909, gross, $168,114; net,
paid In any year, both shall participate equally In any further dividends 84, p. 1553.
for such year. The preferred has the right to elect a majority of the $62,296. Pres., Frank G. Drum; Sec., Julius H. Ellis. Office, 704 W est
Co-tst Life Bldg., San Francisco, Cal.— (V. 85, p. 055.)
directors on failure forjtwo successive years to receive 4% per annum.




INDUSTRIAL AND MISCELLANEOUS COM
PANIES.
M I S C E L L A N E O U S.
F o r exp la n a tion o f colum n headings, & c ., see notes on
first page o f tables.

Adams Express— Stock— 120,000 sh— par not fixed, treated
Collateral trust mortgage gold_______________________ Me
Collateral trust distribution mortgage g o ld ...............— S
Allls-Chalmers— Common stock >25,000,000...........................
Pref 7% cum (as to as’ts & dlv) >25,000,000(V 74, p 1144)
BuIlock(The)Klee Mfg pref stk(also as to asscts)6%cum
First M >15,000,000 gold sink fd red 110 beg 1910.AC.xc*
Alabama Consol Coal & Iron— Pref stock 7% cum ulative..
1st mtge red since May 1906 at 105 sinking fu n d---------SSt
Consol collat mtge >3,500,000 (lncl >1,250,000 canceled) g.
Ref and lmpr't 1st mtg >5,000,000 red 105 text--------- xc*
Amalgamated Copper— Stock >155,000,000-----------------------American Agrlcul Chemical Co— Stock common >20,000,000
Pref 6% cum (as to assets and dlv) >32,000,000-----------1st mtg bds conv >12,000,000 red 103 since July ’09.c* Ar*
American Bank Note— See United Bank Note Corporation.
American Beet Sugar— Common stock >15,000,000..............
Pref stk (also as to assets) 6% non-cum >5,000,000______
American Brake Shoe & Foundry— Com stock >3,000,000 au
Preferred stock 7% cumulative >3,000,000.......................
First mortgage gold sinking fund redeemable (text)______
American Can—Common stock...................................................
Preferred stock 7% cumulative__________ _____________
American Car & Foundry— Common stock >30,000,000___ Q
Pref stock (also as to assets) non-cum >30,000,000...........-G
American Chicle— Stock common >6,000,000..........................
Preferred stock 6% cumulative >3,000,000......................

D a te
of
B on d s
1898
1907

1906
1901
1904
1908

1908

1902

A m oun t
O utstanding

R ate
%

>100 > 12 ,0 0 0 ,0 0 0 See t e x t
500 A c 1 2 ,0 0 0 ,0 0 0
4 g
500 A c 2 4 .0 0 0 .
000 4 g
100 19 .8 2 0 .0 0 0
100 16 .1 5 0 .0 0 0 See t e x t
100
1 .1 7 0 .0 0 0
6
1,000 11 .1 4 8 .0 0 0 „
5 g
100
1 .2 5 0 .0 0 0 See te x t
1,000
43 6 .0 0 0
6
1,0 0 0
1 .7 4 1 .0 0 0
5 g
1,000
See t e x t
5 A 6 g
100 153 ,8 8 7 .9 0 0 2 In 1909
100 1 6 .9 9 1 .3 0 0
100 1 8 ,8 2 6 ,4 0 0 6 In 1909
1,0 0 0 A c
8 ,0 0 0 ,0 0 0
5
100
100
100
100
1,000
100
100
100
100
100
100

A D A M S E X P R E S S .— O R G A N I Z A T I O N .— A n a s s o c ia tio n fo rm e d In
1854 b u t n o t In co rp o ra te d , o p e r a tin g o n a b o u t 3 5 ,0 0 0 m iles o f ra ilro a d . In­
c lu d in g P e n n ., C. I). A Q .. Ches. A O h io , N . Y . N . H . A H ., A c .
B O N D S .— 'In 1898 trea su ry secu rities w ere p le d g e d w ith M erca n tile T ru st
C o. t o secu re (s u b je c t t o p rio r In dem n ification o f sh areh old ers fro m a n y
loss b y rea son o f person al lia b ility) > 12 ,0 0 0 ,0 0 0 o f 4 % b o n d s . T h ese last
w ere then distrib u ted as a 1 0 0 % d iv id e n d . V . 66 , p . 470; V . 8 5 , p. 1647.
In 1907 treasu ry e c rlt es w ere p led ged w ith the S ta n d a rd T ru st C o .
t o secu re > 2 4 ,0 0 0 ,0 0 0 colla te ra l tru st d is trib u tio n g o ld 4s o f 1907, ea ch sh are­
h o ld e r o f re c o rd Jun e 27 1907 re ce iv in g >200 fa c e v a lu e o f n ew b o n d s f o r
ea ch share h eld .
D I V I D E N D S .— L o n g >8 y e a r ly , b u t r e d u ce d In 1898 o n p a y m e n t o f
1 0 0 % d lv . In b o n d s to >4; In D e c. 1900 t o D e c . 1908, >8 y e a r ly , in c l. >4
fro m sou rces o th e r than the e xp ress business (J . A D .) ; In Jun e 1909, >2
fr o m ex p ress business an d >4 fro m o th e r so u rce s, a n d M c h . 1903 t o 190 7,
ln c l., >2 e x tr a ea ch from sale o f ce rta in real e s ta te . V . 86 , p . 722 . In
Ju n e 1907 2 0 0 % d iv . In b o n d s w as p a id .
V . 8 4 , p . 1489.
F o r y e a r en d in g Ju n e 30 1908, gross. > 2 6 ,9 5 8 ,5 8 1 ; to t a l n e t in c o m e
(Incl. > 1 ,1 3 4 ,1 8 9 “ o th e r ” ) , > 1.0 3 2 ,1 6 9 ; ch arges, > 51,168; d iv id e n d s ( 8 % ) ,
> 960,000; b a l., s u r ., > 21,001.
B a l. sh eet Jun e 30 1908, V . 8 8 , p . 230.
C h airm an , L e v i C. W eir; P re s., W illia m M . B a rr e tt.— ( V . 88 , p . 1374.)
A L A B A M A C O N S O L ID A T E D C O A L & IR O N C O .— O R G A N I Z A T I O N .
— In c o r p o r a te d In N . J . J u ly 18 1899. V . 8 2 , p . 3 9 1 , 694 . In F e b . 1905
the In tern a tion a l P o w e r C o . a c q u ir e d c o n t r o l. V . 8 0 , p . 653.
D I V I D E N D S .— D lv . on c o m m o n , 1 % p aid O c t . 1903; n o n e sin ce
O n p r e f.. In 1900, 7 % ( Q .- F .) ; M ch . 1901 to S e p t. 1907, 1 H % q u a r. (Q .-A l.).
N on e sin ce to O ct 1909.
V . 85, p . 1520.
C o m m on s t o c k , > 2 ,5 0 0 ,0 0 0 , all o u t ; par >100; p r e f., see ta b le .
B O N D S .— O f the re f. a n d lm p t. b o n d s (> 5 ,0 0 0 ,0 0 0 a u th o riz e d Issue)
W in d s o r T ru st C o ., N . Y . , tru s te e ), > 3 ,5 0 0 ,0 0 0 are ser. A 6s a n d > 1 ,5 0 0 ,0 0 0
ser. B 5s. O f th e Issue, > 2 ,2 0 0 ,0 0 0 are reserved t o re tire th e o ld b o n d s;
rem a in d er fo r o th e r p u rp oses. T h e b o n d s are re d e e m a b le a t 105 o n a n y
m e r e s t d a y . In w h ole o r p a r t, w h en draw n b y l o t . V . 8 8 , p . 885 , 1004.
R E P O R T .'— R e p o r t fo r y e a r e n d in g O c t . 31 1907 In V . 8 6 , p . 9 7 7 . In
1907-08, n e t, > 108,381, against >657,986 In 1906-07; b o n d in te re st, > 113,179;
b a l., d e f ., > 4,7 98.
In 1906-07, gross sales t o p u b lic , > 2 ,5 8 5 ,5 4 2 ; net in ­
c o m e , > 755,401; Interest, d e p r e c ia tio n , a d ju s tm e n ts , A c ., > 396,523; d lv .
on p re f. ( 7 % ) , > 87,500; b a l., s u r ., > 2 7 1 ,3 7 8 .
O F F I C E R S .— P r e s ., J . H . H o a d le y ; S e c. a n d T r e a s ., W m . R . S h e ld o n .
N ew d irectors Ja n . 1907, V . 8 4 , p . 52. O ffic e , B irm in g h a m , A la .; N . Y .
o ffic e , 165 B r o a d w a y .— ( V . 86 , p . 1045; V . 8 8 , p . 566, 7 5 0 , 885 , 1004.)
A L B E M A R L E & C H E S A P E A K E C A N A L C O .— See p a ge 170.
A L L IS -C H A L M E R S C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In N . J ­
on M ay 7 1901 to m a n u fa ctu re h e a v y en gin es, m in in g a n d o th e r m a ch in e ry .
V . 72, p . 874 , 937, 990; V . 80, p . 1858; V . 81, p . 266; V . 8 2 , p . 1440; o fficia l
sta tem en ts, V . 8 3 . p . 90; V . 74, p . 1144.
O w ns c o m . stk . o f B u llock E le ctric M fg . C o ., th e p r e f. s t k . o f the la tte r
0 1 ,5 0 0 ,0 0 0
au th orized ) bein g gu aran teed 6 % d iv id e n d s , p a y a b le qu a rte rly
begin n in g Jan . 1906. V . 78, p . 1111, 2439; V . 80, p . 713 ; V . 81, p .8 3 9 ,
1101, 1494, 1792; V . 82. p . 1440. L itig a tio n , V . 82, p . 453.
P R E F . D I V S .— J u ly 1901 t o F o b . 1904, 7 % y e a r ly ; n o n e sin ce.
B O N D S .— O f the b on d s (> 15 ,00 0,00 0 a u t h .) , s to c k h o ld e r s In A u g . 1906
su b scrib ed fo r >902,000 a t 80 a n d > 9 ,5 4 4 ,0 0 0 w e re so ld t o a s y n d ic a te fo r
a d d itio n s t o M ilw aukee p lan t a n d B u llo ck E lectrical W o r k s a n d to p ro v id e
a d d itio n a l w ork in g c a p ita l. T h e y are t o b e ca n ce le d In a m o u n ts Increas­
in g y e a r ly . See V . 82, p. 1440, 1498, a n d V . 8 3 , p . 90, 157, 437, 623; an d
a p p lic a tio n to list, V . 8 7 , p . 1031.
R E P O R T .— Fiscal y ear en ds Jun e 30. R e p o r t fo r t h e y e a r e n d in g Jun e
30 1909 w as given In V . 89, p . 990, sh o w in g ; Surplus o v e r m a in te n a n c e a n d
d ep recla t’ n an d in t ., > 1,6 73,5 77; p r o f. A loss su rp . Ju n e 3 0 190 9, > 5 2 1 ,4 2 9 .
D irectors— E . D . A d am s. E d m u n d C. C on verse, M ark T . C o x , K e m p e r
K . K n a p p , W m . W . Allis, W m . V . K e lle y , E lb e r t H . G a r y , W m . A .
R e a d , Cornelius V a n d e r b ilt, Charles A llis, G eorge B u llo c k , M a x P a m ,
W a lte r H . W h itesid e, L . F . B o w e r, H e n ry W o o d la n d , C h as. M a cV ca g h ,
A lex a n d er F . Banks an d H erm an W . F a lk . C h airm an o f B o a rd , E . H .
G ary; P resid en t, W alter H . W h itesid e; 1st V ic e -P r e s id e n t, L . F . B o w e r:
2d V ice-P res, an d T r e a s ., H e n ry W o o d la n d ; 3d V ice -P re s , a n d S e c ., W . W .
N ich ols; C om p troller, W . A. T h o m p so n . O ffic e , 71 B ’ w a y , N . Y .
G eneral
O ffice s , M ilw a u k ee, W Is.— (V . 8 7 , p . 1031, 1301; V . 8 9 , p . 990.)
A M A L G A M A T E D C O P P E R C O .— O R G A N I Z A T I O N , E T C .— In c o r p o r ­
a te d on A p ril 27 1899 In N ew J ersey, a n d pu rch ased c o n tr o l as fo llo w s :
- D ividends ( % ) Capital
M a jo r ity stock acquired—
stock.
val. ’02 ’ 03 ’ 04 ’ 05 ’ 06 ’07 ’08
4
4
8 19)4 26
8
4
>25
B os. A M on t.C on .C op . AS11.M 3 ,7 5 0 ,0 0 0 25 24 32 256 160 192 168 48
B u tte A B oston C on . M in .
2 ,0 0 0 ,0 0 0
10
10 40 _ _
P a rr o t S ilv er A C op p er C o. 2 ,2 9 8 ,5 0 0
10 20 12)4 7 )4
10
5 -A so a cq u ired all the fo llo w in g stock s
W a sh o e C o p p e r C o ., > 5 ,0 0 0 ,0 0 0 ;
C o lora d o S m eltin g A M ining C o ., > 2,500 000 D lam oridvllle C oal A C oke
C o ., > 1 ,5 0 0 ,0 0 0 ; Big B lack F o o t M illing C o ., >700,000; a n d c o n tr o ls tim b e r
la n d s, c o a l m in es, railw ays, real e sta te , A c ., h a v in g e s tim a te d v a lu e o f
> 50 ,0 0 0 ,0 0 0 o v e r all liab ilities. C om p a re V . 72, p . 1281; V . 80. p . 239 4.
T h e B oston A M ontana C o ., it Is u n d e rs to o d , p u rch ased In 1906 > 3 ,0 0 0 ,0 0 0
Stock o f th e B u tte C oa lition M ining C o . V . 8 3 , p . 1038; V . 86 , p . 1407.
B O N D S .— O n ly b o n d s are B u tte A B o s. 6s. > 1 ,5 0 0 ,0 0 0 . d u e A p ril 1 1917.
D I V I D E N D S .—
1900
’ 01 '02
’ 03
’ 04 ’ 05
’ 06 ’ 07 ’ 08
1909
P er c e n t --------------8
7H 2 H
2
2
4 K 6 >A 7
2
2
ito >
r . & % e* - :
2 % : N o’ ' "
R E P O R T fo r y ear en d in g A p ril 30 1909 w as In V . 8 8 , p . 1495, sh ow in g
n e t In com e, > 3,6 63,9 80; d lv s . ( 2 % ) , > 3,0 77,7 58; b a l., s u r ., > 586,222.
R e­
p o r t o f A n a con d a C o. fo r ca l. y ear 1908 w as In V . 88 , p . 1311, 1495.
E A R N I N G S o f con stitu e n t co s . y e a r e n d . Jun o 1 19 0 9 , V . 8 9 , p. 283.
O F F I C E R S .— P res.. Joh n D . R y a n ; S e c . a n d T r e a s ., A . H . M elln.
D ire cto rs ; W m . R o ck efeller, BenJ. B. T h a y e r , Jo h n D . R y a n . Jo h n B ushnell, H . H . R og ers J r ., A . C. B u rrage. J . H o ra ce H a rd in g , J am es J o u r d a n .
O ffic e , 42 B ’ w a y , N . Y . — (V . 88 . p . 1495. 1501; V . 8 9 , p . 2 8 3 . 471 .)

AMERICAN AGRICULTURAL CHEMICAL !CO.— O R G A N I Z A T O N .—
I n c o r p o r a te d In April 1899 In C o n n e cticu t un d er sp ecial ch a rter, an d
a cq u ired c o n tr o l o f fertilizer co m p a n ie s.
V . 68 , p . 974. a n d V . 72. p. 672;
V . 73. p . 664; V . 75, p . 241. 292, 440; V . 77. p . 399 ; V. 8 3 , p . 1230: V . 8 4 ,
n . 272; V . 8 7 , p . 874. S ee V . 7 1 , p. 545 . C o n tra ct f o r p o ta s h su p p lie s ,
V . 8 9 , p. 412 .




IN T E R E S T OR D IV ID E N D S .

S iz e, or
Par
V a lu e

1 5 .0 0 0 .
5 .0 0 0 .
2 .1 4 0 .0 0 0
3 .0 0 0 .
85 7 .0 0 0
4 1 .2 3 3 .3 0 0
4 1 .2 3 3 .3 0 0
3 0 .0 0 0 .
3 0 .0 0 0 .
6 .0 0 0 . 000
3 ,0 0 0 ,0 0 0

W hen
P a y a b le
J
M
J

B onds— P r in c i­
pal, W hen D u e .
Stocks— Last
D ivid en d

A D 71 B r o a d w a y . N Y
Ju n e 1 ’ 0 9 , >6
A S M erca n tile T ru st C o , N Y M ch 1 1948
A D S ta n d a rd T ru st C o , N Y Ju n e 1 1947

Q— F.
Q W
A
J
Q— M
M A N
M A N
M A N
Q— F
J

A
A

W here P a y a b le and by
W hom

A
A

71 B r o a d w a y , N Y
F eb 1 ’ 0 4 , 1 ) 4 %
C in cin n ati, O h io
O ct 1 ’ 0 9 ,1 ) 4 %
71 B r o a d w a y , N Y
J u ly 1 1936
C h eck s m ailed
S e p t l 5 ’0 7 ,l H %
St L o u is U n ion T r , S t L M ay 1 1911
In te rn a t T r u s t C o , B a lto M ay 1 1933
W in d s o r T r u s t C o , N Y M a y 1 1958
C h eck s m ailed
N o v 29 ’ 09, ) 4 %

6 C h eck s fro m C o ’s o ffic e
O N ew Y o r k a n d B o s to n

000
000
6
Q— J
S ee t e x t Q — M
7 000 1908
in
Q— M
M A S
5 g

C h eck s m ailed
C h eck s m ailed
do
F a rm ers’ L A T r C o , N Y

O ct 15 ’ 0 9 , 3 %
O ct 1 1928
O ct 1 ’ 0 9 .1 ) 4 %
Sep 30*09,1 ) 4 %
Sep30 ’ 09,1 H %
M ch 1 1952

5 In 1909
Q— J
C h eck s m ailed
O ct 1 ’ 0 9 . 1 ) 4 %
000 1909
2 In
Q— J
G u a r a n ty T r u s t C o , N Y O ct 1 ’0 9 . )4 %
000 7
Q— J
do
do
O ct 1 ’ 09.1 K %
See t e x t M o n th ly R o y a l B ld g , N e w Y o r k
N o v 3 ’ 09. 2 %
6 in 1909
do
do
Q— J
O ct 1 ’ 0 9 ,1 ) 4 %

B O N D S . — T h e 1st m tge . b o n d s (>12,000,000 au th o riz e d Issue; C o lu m b ia
T r u s t C o ., N . Y . , trustee) are co nve rtib le In to pref. sto c k a t par; >8,000,000
were so ld in 1908 to retire the o u t st a n d in g n otes (a b o u t >6,886,700) a n d
p ro v id e w o rk in g capital.
N o fu rth e r b o n d s can be Issued u nless the n et
e a rn in gs fo r the pre v io u s fiscal ye a r sh a ll h a v e been a t le ast d o u b le the
Interest charges on the a m o u n t of b o n d s o u tsta n d in g . In c lu d in g the a d d ltlo n a 1 b on d s to be Issued. S in k in g fu n d 3 X % a n n u a lly of o u t s t a n d in g
b on d s, b e gin n in g J an . 1 1910. P roperties are su b je ct to m o rtg a g e s o n
la n d s of sub-cos. a g g r e g a tin g >175,000 on D e c. l 1908, fo r w h ic h p ro ­
v isio n h as been m ad e. V . 87, p. 741, 814, 874.
v
-„P„I V I I ? E N D S 011 P re f° c t - 1909> 6 % y e a r ly (A . A O .). I n S e p t.
1909 a ctio n on com . sto c k d lv . w a s deferred. V . 89, p. 780.
R E P O R T . — R e p o r t fo r y e a r e n d in g Ju n e 30 1909, in V . 89, p. 527,
show ed: T o ta l n et In com e, >3,183,675; contin gen cie s, reserves, A c .,
>789,177; d lv . o n pref., 6 % . >1,116,957; b alan ce, >1,277,541.
D ire cto rs— R o b e rt S . B r a d le y (C h a irm a n ), P ete r B . B r a d le y (P re s .),
J am e s M . G ifford (1st V . - P . ) , A lb e rt Fre n ch (2d V . - P . ) , W m . P re sc o tt
(3d V . - P . ) , T h o s. A . D o e (T rea s.), R o s s L . C o , Geo. C . B in g h a m ,
A . B . H e p b u rn , W . J. B re n n a n , S a m ’l C a rr, J. F . K eh o e, G a rd in e r M . L a n e ,
H . S . Zell, M a rce llu s E . W he ele r, Geo. B e ck, W m . H . B o w k e r, W . W .
B a k e r, D . C ra w fo rd C la rk , F . L . A m e s a n d C h as. W . P r id d y . N . Y . office,
2 R e c to r S t .— (V . 88, p. 160; V . 89, p. 412, 527, 722, 780.)
AMERICAN BANK NOTE.— See U n ite d B a n k N o te C o rp o ratio n .
AMERICAN BEET SUGAR CO.— In c o rp o ra te d on M a r c h 24 1899. See
prospectu s in V . 68, p. 280, 616; “ Beet S u g a r ” ite m .V . 69, p. 1249; V . 88,
p. 1250. D lv s . on pref., O ct. 1899 to O c t 1909, b oth ln cl., 6 % y e a rly
( 1 ) 4 % Q .-J .).
I n A p ril 1909 the >910,000 re m ain d e r of the >5,000,000
pref. sto c k w a s sold.
V . 88, p. 1004. T h e >3,000.000 6 % certfs. of in ­
debtedness were called a n d p a id Ju n e 1 1909, >1,500,000 b ein g sa id to be
carried on sh ort-te rm notes. V . 88, p. 1130, 1063.
O w n s entire stoc k of L a s A n im a s S u g a r Co., leased fo r 25 y ears fro m
O ct. 1 1908; rental. Interest on >1,000,000 6 % b o n d s a n d >20,000 y e a rly ;
sin k in g fu n d , g r a d u a lly re d u cin g o u tsta n d in g b on d issue. V . 86, p. 1222:
V . 88, p. 1250.
R e p o rt for y ea r e n d in g M a r c h 31 1909 In V . 88, p. 1250, show ed: T o ta l ino.
>7,144,707; net over deprec’n, taxes, A c.. >1,603,234; ln t., ren tals. A c ..
>310,092; d lv . on pref. ( 6 % ) , >245,400: b a l., su r., >1,047,742. P re s.,
H . R Ie m a n D u v a l; T re as., J. E . T u c ke r, 32 N a ss a u S t ., N . Y . — (V . 88. p.
1439; V . 89. p. 165.)
P

AMERICAN BRAKE SHOE & FOUNDRY CO.— O R G A N I Z A T I O N . —
In co rp o ra te d In N e w Jersey on J an . 28 1902. A c o n so lid a tio n of v a r io u s
co m panies. See list V . 74, p. 579; V . 79, p. 2087. M a n u fa c tu re s a b o u t
150,000 ton s of brake shoes used on steam a n d electric cars a n d steel ca st­
in gs.
E x te n sio n s a n d Im p ro v e m e n ts propo sed In 1906. V . 82, p. 453.
D I V I D E N D S . — O n pref. In fu ll to O c t 1909, In clu sive . O n com .. In
1903, 2 % ; O ct. 1904, 1 % ; 1905 to D ec. 1908, 4 % yearly; 1909, M c h ., 1 ) 4 % ;
J u ly , 1 ) 4 % ; O ct., 1 ) 4 % ; a n d on D e c. 31 1907, 1 % extra.
B O N D S . — B o n d s m a y be d raw n for a y e a rly s in k in g fu n d of >20,000,
p a y a b le Ju n e 1, b e g in n in g 1903, d u r in g 1st ten years a t 110, 2d ten y e a rs
a t 105, thereafter a t par.
V . 76, p. 655.
O F F I C E R S . — Pres., O tis H . Cutler; V . -P ., Josep h D . G a lla gh e r, J osep h
B . T e rbe ll a n d Joel S . Coffin ; Sec. a n d Treas., H e n r y C . K n o x .
O ffic e .
30 C h u rc h S t ., N e w Y o r k .— (V . 82. p. 453; V . 83, p. 494; V . 88, p. 750.)
AMERICAN CAN CO.— O R G A N I Z A T I O N . — In co rp o ra te d In N e w
Jersey on M a r c h 19 1901 a s a co n solid a tio n of a b o u t 100 concerns. See
V . 72, p. 582. I n 1907 operated 39 can factories a n d one m ach in e sh o p .
See a p p lic a tio n to list, V . 84, p. 994. D e cisio n , V . 85, p. 43, 656; V . 88,
p. 1622. I n 1907 p la n ts were com pleted In N e w O rlean s, L a .. S a v a n n a h .
G a., a n d N ew castle, P a .
V . 85, p. 656; V . 86, p. 336, 422. I n M a r c h 1908
a n Interest In the S a n ita r y C a n Co., w ith >1,000,000 a u th . stock, h a d been
acqu ired. V . 86, p. 796.
H a s a rran ge d w ith G o ld sc h m id t D e t in n ln g Co.
to sell o u tp u t of scrap for a term of years.
V . 88, p. 232, 373.
D I V I D E N D S . — O n pref., 2 ) 4 % Sep t. 1903; 1904, 5 % (A . A O .); since
to O c t 1909, incl., 5 % y e a rly (Q .-J .).
F isc a l y ea r n ow ends D ec. 31. R e p o r t fo r y ea r e n d in g D e c. 31 1908 In
V . 88, p. 373, show ed, net, >2,706,264; d iv . on pref. ( 5 % ) , >2,061,665;
b alan ce, su rp lu s, >644,599.
D ire ctors— D . G . R e id (C h a irm a n ). W . T . G r a h a m (P re s.), F . S . W h e e le r
(T reas.), R . I I . Is m o n (Sec. a n d A sst. Tre as.), W . H . M oore , W . M . L eed s,
Geo. G . M c M u r t r y , E . C. Converse, R . L . Sko fle ld , Jas. M a c L e a n , O . H .
? ; ^ o P helP strJ - H . M oore, F. R u d o lp h a n d Geo. T . B o g g s . O ffice,
447 W . 14th St., N . Y . — (V . 88, p. 232, 373, 376, 1063, 1622.)
AMERICAN CAR & FOUNDRY.— O R G A N I Z A T I O N , E T C . — In c o r ­
porated In N e w Jersey on Feb . 20 1899 a s a co n solid a tio n . M a n u fa c ­
tures freight a n d pa sse n ge r cars of w oo d a n d steel. V . 68, p. 280. 377,
1029; V . 71, p. 86, 545; V . 73, p. 958; V . 83, p. 1413; V . 84, p. 1553.
D IV ID E N D S —
11900 1901-02 ’03 ’04 ’05 ’06 ’07 ’08
1909
2 y e a rly 4
1
0
0
3
3
2 (J4 Q -J )
O n c o m m o n ........( % ) / 1
O n pref., 1 ) 4 % q u ar. to O c t. 1909, inclusive.
I n J an . 1909, com ., > 4 % ; A p r il, ) 4 % : J u ly , ) 4 % ; O ct., ) 4 % .
R e p o r t for y ea r e n d in g A p r il 30 1909 w a s In V . 88, p. 1615, sh o w in g n et
ea rn in gs, >2,895,831; d lv s. on pref. sto c k ( 7 % ) , >2,100,000; d lv . on co m .
( 2 % ) , >600,000; su rp lu s, >195,831.
D ire cto rs— W . K . B ix b y , F red erick H . E a t o n (P re sid e n t), A . B . H e p b u r n
E . F . C a r r y (1st V . -P . a n d G en. M g r .), S. S . D e L a n o (T reas.), A d o lp h u s
B u sc h . T . H . W e st. J. M . B u lc k (V .- P .) , Geo. H . R u sse ll, W . G . O a k m a n .
H . R . D u v a l, J. B . H a g g ln , W . H . W o o d ln (A ss t, to P re s.), G e ra ld H o y t .
W . M . H a g e r (Sec.), C . R . W o o d ln a n d W . N . M c M illa n .
N . Y . office
165 B r o a d w a y .— (V . 87, p. 616, 761, 1480; V . 88, p. 827, 1615.)
AMERICAN CEMENT.— See Issue of J u ly 1907.— ( V . 89, p . 1069.)
AMERICAN CHICLE !CO.— ORGANIZATION.— Incorp. In N. J. on
June 2 1899, and consolidated chewing-gum Interests. V. 68. p. 871. 1130:
V . 77, p. 197; V. 83, p. 152; V. 84, p. 160; V . 86, p. 230. See V . 71. p. 545 .
D IV ID E N D S —
1899 1900 1901
1902
J u ly 1902-O ct 1909
C o m m o n , re g --------- % 1 H
9
8
J a n ., 2 12 y e a rly ( 1 % m o n th ly )
d o e x t r a . . . ------ % . . .
.
............... M a y ’0 6 t o N o , l % b l - m ’y
P re fe rre d ___________ O ct. 99 to O c t
09, 1 ) 4 % qu ar. ( 6 % per a n n u m )
F o r 12 m os. en d in g D e c. 31 1907, profits, >1,658,000; pref. d lv . ( 6 % ) .
>180,000; co m m o n d lv . ( 1 8 % ) , >1,080,000; b a l., su r., >398,000.
Sta te m e n t for the y ea r e n d in g Ju n e 30 1906 w a s in V . 83, p. 152, sh o w in g :
P ro fits, >1,404,000, a g a in st >1,224,000 In 1904-05: d lv . on pref. sto c k ( 6 % ) ,
>180,000; d iv . on com . sto c k ( 1 3 % ) , >780,000; b al., su r., >444,000. T o ta l
a c cu m u la te d su rp lu s D ec. 31 1906, >1,850,000. Pres., Geo. H . W o r t h in g ­
ton; Sec. a n d Tre as., H . R o w le y . Office; R o y a l B ld g ., F u lto n a n d W illia m
S ts., N. Y — (V 83, p. 152, 437, 1349; V 84, p 160; V . 86, p. 230.)

Date
of
Bonds

American Cigar— G old n o te s gu a r prin & int red a t 102 ' A - . - c
American Coal— S t o c k - ------------------- ----------------------------------------(The) American Cotton Oil— C o m m o n s to c k $ 2 0 ,2 3 7 ,1 0 0 ------P r e f s to c k <5% n o n -c u m sub t o call at 105 $ 1 4 ,5 6 2 ,3 0 0 -----D eb en tu res, e x te n d e d In 1900 (V 71, p 237 4, 1 0 1 0 )-C*

American Dist Tel Co (o f N J) —S to c k $ 1 0 ,0 0 0 ,0 0 0 a u t h o r . -

1890

S ize , or
Par
Am ount
O utstand in g
V a lu e
$ 1,000
25
100
100
1,000
100

1,0 0 0
N Y Fire P rot 1st M g o ld ln t & s f gu red p a r (V 8 1 , p 778) 1905
100
American District Telegraph o f N Y— S to c k $ 4 ,0 0 0 ,0 0 0 ------100
American Express— S t o c k -------------------------------------------------- — 10 0 & c
American (ias & Elec— Coll M rt $ 6 ,2 8 2 ,0 0 0 g red t e x t .S .x c
100
American Graphophone Co— C o m m o n stk $ 7 ,5 0 0 ,0 0 0 a u th _ _
100
P referred s to c k 7 % n o n -c u m u la tlv e $ 2 ,5 0 0 ,0 0 0 ............... —
10 0 & c
D eb en tu res c o n v e r tib le Into p referred s t o c k ----------------------- 9 8 -’05
10 0 & c
do
do
c o m m o n s t o c k ----------- 1906
10 0 &c
C o u p on n otes c o n v e r tib le Into c o m m o n s t o c k - ----------------- 1907
100
American Hide & Leather— C o m m o n s to c k $ 1 7 ,5 0 0 ,0 0 0
100
P ref (also as to assets) 7 % cu m $ 1 7 ,5 0 0 ,0 0 0 (V 76, p 104)
1,0 0 0
1st m tg $ 1 0 ,0 0 0 ,0 0 0 g sink fd sub to call a t 115-------Ia .c*
100
American Ice Securities— S t o c k , all o f on e cla ss, $2 0 ,0 0 0 ,0 0 0
D eb en tu res $ 3 ,0 0 0 ,0 0 0 r e d e e m a b le a t p a r --------------------------- 1905
1,000
1902
A m erica n Ice C o c oll trust b o n d s g o ld ($ 5 ,0 0 0 ,0 0 0 )-------Cc
American Ice first and gen’l m tg gold redeem par. Kc. &r* 1909 1,000 &c
100
American Light & "fraction'—-Common stock $15 ,0 0 0 ,0 0 0 100
Pref stock 6 % cum $25,000 ,000 auth (V 82, p 50. 2 7 9 ).
Collateral trust gold notes convertible redeemable (te x t).

A M F R 1C A N C I G A R C O .— T h e A m e r ic a n T o b a c c o C o . o w n s m a jo r it y o f
the $ 1 0 ,000,000 c o m . an d 51 0 ,0 0 0 ,0 0 0 6 % c u m . p ro f, s t o c k , an d g u aran tees
th e 4 % g old notes; see V. 73, p . 1113; V . 78, p . 1393. T h e C igar C o . ow ns
m a jo r it y o f H a v a n a T o b a c c o c o m . s t o c k , also m a jo r it y o f A m e r . S to g ie
co m . stock .
V . 8 5 , p . 285; V . 86 , p . 110. P ro p e rtie s in c l. H a v a n a A m ur.
C o ., V . 72, p . 185, 284 , 937, 1037; V . 73, p . 958; V . 7 5 , p. 1255.
D iv s. on
p r e f. s to c k In 1906-07, 6 % e a c h .
R e p o r t fo r 1908 n o t m a d e p u b lic .
R e­
p o r t fo r c a l. y e a r 1907, V . 8 6 , p . 665 , s h o w e d ; N e t earnings o v e r ch arges
$ 1 ,8 8 7 ,0 9 8 ; d iv . o n p r e f. s lo c k ( 6 % ) , $ 6 0 0 ,0 0 0 . P r e s ., P c r c lv a l S. H ill.
O ffic e , 111 F ifth A v e ., N . Y . — (V . 8 6 , p. 665, 670; V . 8 7 , p . 1422.)
A M E R IC A N C O A L .— M ines a t B a rto n and L o n a c o n ln g , M d ., a n d P o c a ­
h on tas region , W . V a . I n c . in M el.; r e -ln c . In 1903 In N . J . V . 8 0 , p . 118.
D IV ID E N D S
- \ ’ 9 4 . '9 5 . ’ 9 0 . ’ 9 7 . ’ 9 8 . ’ 9 9 . ’ 00. 1901 t o S e p t. 1909
..................] a y 2 7
8
8
9 10
9 10 y e a r ly (M . & S.)
(% )
A lso 2 0 % p aid J a n . 1903 fr o m sale o f real esta te an d 2 5 % M ch . 1907 fro m
sale o f ra ilroa d . V . 8 4 , p . 222 , 392 .
F o r y e a r en d in g D e c . 31 1908, n e t, $ 79 ,967 ; d iv id e n d s ( 1 0 % ) , $15 0 ,0 0 0 .
O ffic e , N o . 1 B r o a d w a y .— (V . 8 4 , p . 694.)
(T H E ) A M E R IC A N CO TTON O IL C O .— In c o r p o r a te d O c t . 14 1889 in
N iw Jersey.
W ork s In S ou th ern c itie s , & c ., fo r m aking cru d e and reilned c o tto n o il, la r d , s o a p , fertilizers, & c. V . 7 7 , p . 1872.
D I V I D E N D S .—
1 ’ 9 8 . ’ 99. ’ 00. ’ 0 1 . '0 2 . .03. ’ 0 4 . '0 5 . ’ 06. ’ 07. ’ 08.
C o m m on
______% )
3
4 3
2 *6 *4
1 1 2
(x)
3
.................... J 6 % y e a r ly to d a te .
(P o o l e x p ir e d J u ly 22 1905.)
P referred
* In clu d es 2 % p a id In the fo llo w in g Ju n e, x F ro m the earnings o f
1906-07 4 % w as p a id M arch 4 1908. V . 8 5 , p . 1210; V . 8 6 , p . 110.
R E P O R T .— R e p o r t fo r 1907-08 a t le n gth in V . 8 7 , p . 1298, 1304, sh ow ed
p ro fits , $ 1 ,4 8 3 ,0 5 1 , a fte r m e e tin g e x p . o f a d m in is tr a tio n , in t ., & c.; in t. o n
d e b . b on d s, $ 22 5,00 0; b a l., n et in c o m e , $ 1 ,2 5 8 ,0 5 1 ; d lv s . o n p r e f. ( 6 % ) ,
$ 6 1 1 ,9 1 6 ; d lv . o n c o m m o n ( 3 % ) , $ 60 7,11 3; b a l., s u r ., fo r y e a r , $3 9 ,0 2 2 .
P ro lits , y e a r ’ 0 5 -0 6 , $ 1 ,6 1 8 ,5 3 7 ; ’ 0 6 -0 7 , $ 2 ,5 9 2 ,2 6 3 ; ’ 0 7 -0 8 , $ 1 ,4 8 3 ,0 5 1 .
O F F I C E R S .— C h airm an o f B o a rd , G e o . A . M orrison ; P r e s ., R o b e r t FM unro; S ec. an d T r e a s ., Justus E . R a lp h , 27 B e a v e r S t ., N . Y . T ran sfer
A g e n ts, W in s lo w , L a n ie r & C o .— (V . 8 7 , p . 1239, 1298, 1304, 1481.)
A M E R IC A N D IS T R IC T T E L E G R A P H C O . (OF N E W J E R S E Y ).—
O R G A N I Z A T I O N .— I n c o r p o r a t e d in N ew J e rse y in N o v . 1901; operates
In m ost o f the large c itie s an d tow n s In the U . S .
H as 25 -y e a r c o n tra ct
w ith the W estern U n ion T e le g ra p h C o . fo r c o lle c tio n an d d e liv e ry o f m es­
sa ges, an d Is also en g a g e d in all k in ds o f e le ctrica l p r o te c tiv e s e rv ice .
V . 77,
p 148- V 8 1 , p . 21 3 .
D iv id e n d s in 1903, 3 % % ; sin ce to O ct. 1909, 4 %
y e a r ly , Q -J .
S ee V . 7 8 , p . 704 . B o n d s . $39 5 ,0 0 0 .
R e p o r t fo r v e a r en d in g D e c. 31 1908 In V . 8 8 , p . 943 , s h o w e d ; Gross
earn in gs, $ 3 ,2 2 1 ,7 2 8 ; n e t, $ 78 5,88 3; d lv s . ( 4 % ) , $ 3 9 8 ,0 8 8 ; b a l., s u r ., $ 38 7,­
795
P res., R o b e r t C. C low vy; A c t . S e c ., I. B . F e rgu so n ; T r e a s ., A . R .
B re w e r.— (V . 8 7 , p . 344; V . 88 , p. 943.)
AA1ER ICA N D IS T R IC T T E L E G R A P H C O . OF N E W Y O R K .— A n n u al
re p o r t fo r y ea r elid in g D e c. 31 1908, in V . 88 , p . 943, s h o w e d g ro s s , $492,896;
n e t, $68,106: d lv . ( 2 % ) . $76 ,888 ; d e fic it, $ 8 ,7 8 2 .
D I V I D ’ D S — 1 ’ 9 3 . ’ 94. ’ 95. ’ 96. '9 7 . ’ 98. ’ 99. '0 0 . ’ 01. ’02 to M ay '0 9 .
( % ) ___________J 3 y
1
3
1
2
2 2 J 4 2 H 2 H
2 yea rly
O ffic e , 6 D e y S t ., N ew Y o r k C ity .— (V . 8 8 , p . 232 , 37 6 , 943.)
A M E R IC A N E X P R E S S C O .— A n “ A s s o c ia tio n ” fo rm e u n d er the laws
o f N ew Y o r k S ta te In 1850 an d 1859.
N o t an In corp orated c o m p a n y .
O p era ted in Ja n . 1909 o n 45,636 m iles o f railroad In the U n ited S tates,
in clu d in g B oston & M aine, the V a n d e rb ilt lines, Illinois C en tral, <Scc.; 6,022
m iles in foreig n cou n trie s a n d 136.180 m iles o f sea an d o ce a n lines.
D I V I D E N D S .— 1882 to 1901, 6 % p e r a n n u m : J u ly 1901 to J u ly 1906,
8 % v e a r lv Incl 2 % fro m Investm en ts: in O ct. 1906 the rate w as Increased
t o 1 2 % per a n n u m , p a y a b le q u a r ., 6 % o f this to be fro m Investm ents.
E A R N I N G S .— F o r y e a r e n d in g Ju n e 30 1908, gross, $ 3 0 ,5 4 8 ,6 4 3 ; n et,
$ 47 6,37 2; in terest an d ren tals, $ 1 ,6 5 2 ,6 2 2 ; ch arges, $31 0,04 3; divid en d s
1 2 % (in clu d in g 6 % fro m I n v e s tm e n ts ), $ 2 ,1 6 0 ,0 0 0 . T o ta l sur. Jun e 30
1908, 5 1 5 ,0 7 8 ,4 6 9 . S ta te m e n t fo r c a l. y e a r 1907 in V . 8 7 , p . 933 , sh ow ed :
G ross earn s, fro m o p e r ., $ 3 0 ,7 5 5 ,1 9 7 , a ga in st $ 2 7 ,954 ,98 6 in 1906; n et,
$ 6 5 9 ,1 5 9 , again st $ 1 ,8 2 6 ,7 9 4 .
P r e s ., J . C. F a rgo; T r e a s ., Jam es I - . l a r g o ,
65 B ’ w a y .— (V . 8 8 , p . 230 .)
A M E R IC A N G A S & E L E C T R IC C O .— O R G A N I Z A T I O N .— I n c o r p o r ­
a ted In N ew Y o rk D e c. 24 1906 and a c q u ir e d , p e r plan V . 83, p . 1349, 1473,
1592, th e holdings o f the E le ctric C o. o f A m e r ic a , w h ich o w n e d c o n tro l o f
e le ctric light plants In a n u m b er o f citie s.
On D e c. 21 1908 the c o n tro lle d
c om p a n ies had o u ts ta n d in g $ 5 ,2 4 8 ,0 0 0 b o n d s; also $8,8 4 6 ,3 0 0 capital s to c k ,
o f w h ich $8,5 9 8 ,7 2 5 w as o w n e d b y A m e rica n Gas & E le ctric C o. S e c o fficia l
s ta te m e n t, V . 8 7 , p . 1661; V . 83, p . 438; V . 79, p. 106; V . 73, p . 289, 495;
V . 89, p . 227. C on trolle d b y E le ctric B on d & Share C o. o f N ew Y o r k .
S T O C K .— S to c k a u th o riz e d , c o m m o n , $ 3 ,500,000 ; 6 % cu m . p re f.,
$ 3 ,5 0 0 ,0 0 0 ; o u ts ta n d in g D ec. 1908, $ 2 ,5 0 0 ,0 0 0 c o m m o n and $1,344,000
p ref ; p ar o f shares, $50. V . 83, p . 1592.
D ivid en d o n p re f., 1 M % (q u a r .),
p aid M ay 1 1907; also a t rate o f 6 % y e a r ly fro m Ja n . 16 to h c b . 1 1907;
sin ce to N. v 1909, 6 % y e a rly (1 V2 Q .-F .)
B O N D S .— T h e colla te ra l trust 5s are se cu re d b y p led ge o f certain
s tock s an d n otes. T h e b o n d s are r e d e e m a b le to F e b . 1912 a t 110 and
th erea fter at 105. V . 83, p 1349, 1472; V . 8 6 , p . 549, 1102, 1531.
Lea ding Bond Issues of Controlled Com panies.
Dated.
Issued.
Com pare.
A u th orized.
$ 4 8 7,00 0
1907 V . 85, p . 223
C a n ton (O .) E lectric C o . 5 s - -$ 2 ,5 0 0 ,0 0 0
1907 V . 86 , p. 484
500.000
M u n c le (0 .) El. L t .C o .1st g u .5 s 1 ,500,000
8 32 .000
1909
V . 89, p. 530
R o c k fo r d E . C o .1 s t * re f 5 s - - 7 ,5 0 0 ,0 0 0
1,5 1 7 ,0 0 0
1907 V . 85, p. 808
S cra n ton (P a .) E lec. C o. 5 s ._ 1 0 ,0 0 0 ,0 0 0
1907
500.000
M arlon L igh t & H eatin g 5s. - 1 500,000
1008 V . 8 6 , p . 1102
750 .000
A tla n tic C ity (N . J .) E lec. 5s 5 ,000,000
E A R N I N G S .— G ross earn in gs o p e ra tin g c o m p a n ie s fo r 6 m os. ending
Ju n e 30 1909, $ 1 ,2 0 7 ,3 5 1 , a gst. $ 1 ,0 1 3 ,9 8 5 in 1908; n e t, $34 5,48 0, agst.
$22 7,34 2 in 1908: total net in c. A . G . & E. C o ., $ 33 0,86 5; b o n d in t ., $ 15 7,­
050; p ref. d lv . ( 3 % ) , $46,400; b a l., s u r ., $ 1 2 7 ,4 1 4 . F o r cal. y e a r 1908, gross,
$2 ,1 2 9 ,0 6 6 ; n et, $51 3,52 1; n et e x p e n se s, $ 32 ,193 ; b o n d Interest, $31 4,10 0;
d lv . o n p ref. s to c k ( 6 % ) , $84 ,270 ; b a l., s u r ., $82 ,9 5 8 . B a lan ce sheet
M ay 31 1908, V . 87, p. 1661.
„ _
C hairm an o f the B oa rd , S. Z . M itchell; P r e s ., H e n r y L . D o h e r ty ; See.
a n d T r e a s ., F . B . B a ll.
D irectors, V . 84, p . 222; V . 8 8 , p . 232. O ffice ,
p h lla .— (V . 88 , p . 232, 627 , 824; V . 8 9 , p . 227 , 530 , 722.)

AMERICAN GRAPHOPHONE CO.— O R G A N I Z A T I O N .— In co rp o ra te d
In W est V irginia In 1887.
O w ns the C o lu m b ia P h o n o g ra p h C om pa n ies,
w h ich are its selling a g e n ts.
V . 70, p . 79 0 . A ls o o w n s T h e B u rt C o. V . 8 1 ,
p 669 . F a cto rie s , B r id g e p o r t, C o n n ., E n gla n d an d F ra n ce .




Rate
%

W hen
P ayable

Where P ayable and by
W hom

Bonds'— P r in c i­
p a l, When D u e .
Stocks— Last
D iv id e n d

4 g
10 In ’ 09
See te x t
6 In 1908
4H g
4 in 1909
4 g
2 in 1909
12 in ’ 09
5 g
See te x t
See te x t
5
6
6

M & S15
M & S
See t e x t
J
& D
Q— F
Q— J
M & S
M & N
Q— J
F & A
Q — M 15
Q — F 15
V arious
J
& J
A & O

M o rto n T ru st C o, N Y
O ffice l B r o a d w a y , N Y
W in s lo w , L & C o, N Y
do
do
do
do
T reas o ffic e , 195 Il’ y , N Y
G u ardian T r C o, N Y
T reas o ffic e , 6 D e y S t .N Y
O ffic e , 65 15’w a y , N Y
S ta n d a rd T ru st C o, N Y
O ffic e , 154 N assau S t ,N Y
do
do
R W in t h r o p & C o, N Y
do
do
do
do

M ch 15 ’ 1 1 -T 2
S ep t 1 1 9 0 9 ,5 %
D ec 1 ’ 08, 3 %
Jun e 1 ’ 09, 3 %
N o v 1 1915
O ct 22 '0 9 , 1 %
S e p t 1 1954
M ay 15 ’ 09, 1 %
O ct 1 ’ 09, 3 %
F e b 1 2007
S ep t 15 ’07, 1 M
N o v 16 ’ 08, 1 M
1915-1918-1923
Jan 1 1916
A p r 1 1912

Q— F
& S
Q— J
A & O
6
A & O
5 g
F & A
5 g
Q— F
See te x t
Q— F
6 in 1908
A & O
6 g

T ru st C o o f A m e rica , N Y
T r C o o f A m , Col Ur, N Y
C h ecks m ailed
K n ic k e r b o c k e r T r C o ,N Y
Cen tral T ru st C o, N Y
O ffice , 1 1 7 0 B ’ w a y , N .Y .
C h eck s m ailed
do
do

A u g 15 '0 5 , 1 %
S e p t 1 1919
J u ly 20 ’ 07, 1 %
A p r 1 1925
A p r 1 1922
F e b 1 1 91 1-T 4
See t x t
N o v 1 ’ 09,1 y2 %
See te x t

IN T E R E S T OR D IV ID E N D S .

M IS C E L L A N E O US.
F o r explanation of colum n headings, & c ., see notes on
first page of tables.

000 ,000
500 .000
237 ,1 0 0
198,600
000 ,000
909,851
100.000
8 44 ,700
000 ,000
282 ,000
627 ,550
095 ,630
128,800
3 33 ,070
252 ,500
,274,100
548,300
,678,000
,042,000
,897,580
,959,000
,000,000
,118,600
,236,200
16,600

See

See

te x t

6 g

M

te x t

M tg e. on
S T O C K , & c.— A ft e r 7 % o n b o th s to c k s , t h e y share r a ta b ly ,
eral e s ta te , $ 10 0 , 000 .
D I V S .— 1 ’ 97. ’ 98. ’ 99. ’ 00 .’ 0 1 . ’ 0 2 . ’ 0 3 . '0 4 . ’05. ’ 0 6 . '0 7 . ’ 08
P referred % ) 7
77 «
8 7M
7
7
7
7
7
77 N on e
sin ce.
Com m on. %J 5 %
77%
8 6
0
0
3
4
5 3 ^ 0
R E P O R T .— F o r y e a r e n d in g S e p t. 30 1908, In V . 88 , p . 292, sh ow ed
n et in co m e , $ 2 ,5 3 7 . again st $994,851 in 1906-07; Interest, $ 9 1 ,1 4 5 ; m a in t,
and d e p r e c ., $ 94 ,715 ; d iv id e n d o n p re f. (7 % ,), $ 14 6,69 4; re served fo r
d e p re cia tio n , & c., $18 8,27 6; b a la n ce , d e ficit, $ 51 8,29 3.
O F F I C E R S .— P r e s ., E d w a rd I ). E a ston ; 1st V .- P ., G e o . W . L y le : 2nd
V .- P . , Fretl’ k J . W a rb u rto n ; S ec. an d T r e a s ., E . O . R o c k w o o d .
O ffic e ,
154 N assau S t ., N ew Y o r k .— (V . 8 8 , p . 453, 946.)

AMERICAN HIDE & LEATHER C O .— O R G A N I Z A T I O N .— O rga n ized
In N ew Jersey in 1899 as a m erger o f u p p er le a th e r Interests. S ee V . 6 9 , p .
493; V . 68 , p . 925; V . 70, p . 77, and a p p lic a tio n to list, V . 7 2 , p . 673.
D I V I D E N D S .— O n p r e f., F e b . 15 1905 t o A u g . 15 ,1 % q u a rte r ly ; n on e
sin ce to O ct. ’ 0 9 . V . 81, p . 1316. O verd u e p r e f. d lv s. A u g '0 9 , a b t . 66 % .
B O N D S , E T C .— S inking fu n d o f $17 2,50 0 retires b o n d s S e p t. 1 y e a r ly .
If p u rch asab le a t 115 o r less, o r if n o t will be Invested In o th e r s e cu rities.
J. & W . Seligm an & C o. Ilnanced the c o n s o lid a tio n .
R e p o r t fo r y e a r
en d in g Jun e 30 1909 In V . 8 9 , p. 592, sh o w e d earnings, Inclu din g those o f
su b sid ia ry c o m p a n ie s , o f $ 2 ,3 2 7 ,9 3 5 ; in t. o n b o n d s, $51 1,50 9; ren ew als,
repairs, sin kin g fu n d s, <Scc., $ 41 2,22 3; b a l., s u r ., $1,40 4 ,2 1 2 .
D ire cto rs— T h o m a s W . H all (P r e s .), T h e o . S. H a ig h t (1st V .- P .)
A a ro n H eeh t (2nd V .- P .) , F . L. R o e n ltz (3d V . - P . ) , C h as. P . H all (4th
V . - P . ) , F red erick Strau ss, M. R o b s o n , C. H . B u sw ell, C has. W . T Id d ,
H en ry S e ligm a n , J am es S k in n er, G eo. A . Hill (S ec. & T r e a s .), T h om a s J .
R y a n , Carl A . d c G ersdorir and W illi F a rrin gto n .
O ffic e , 96 Cliff S t.,
N . Y . — (V . 8 3 , p. 561. 563; V . 8 5 , p . 596; V . 8 7 , p. 612; V . 89, p. 592, 595.)
AMERICAN ICE SECURITIES C O .— O R G A N I Z A T I O N .— I n c o r p o r ­
a te d In N . J. on M arch 29 1905 and a c q u ir e d $7,3 9 1 ,0 7 0 o f th e $ 7 ,5 0 0 ,0 0 0
c o m . (as r e d u ce d A u g . 1909) an d $ 1 4 ,3 3 9 ,0 0 0 o f the $1 4 ,9 2 0 ,2 0 0 p rcL s to c k
o f th e A m e rica n Ic e C o ., p e r plan V . 80, p . 601 . T h e la tte r c o . o w n e d
the $ 1 0 ,000 ,00 0 s to c k o f the C on sol. Ice C o. o f N . Y . (see V . 65, p . 461)
an d the $ 10 ,000 ,00 0 s to c k o f the K n ic k e r b o c k e r Ice C o. o f M aine. T ra n s­
acts a w holesale and retail business In N . Y . C ity, P h ila d e lp h ia , B o s to n ,
B a ltim o re . W a s h in g to n , I). C ., C a m d e n , C ape M ay and A tla n tic C ity , N . J .
V . 8 1 , p . 29: V . 77, p . 2237. S u it, V . 8 3 , p . 1525; V . 84, p. 933 , 1054,
1429; V . 8 5 , p . 602; V . 8 6 , p . 110, 422 , 796; V . 87, p . 98.
D I V I D E N D S .— Jan . 1907 to J u ly 1907, 1 3 % q u a r.; n o n e sin ce to O ct.
A
1909.
O ld A m . Ice C o. paid d lv . o f 1% O ct. 1 1909, th e (list p a y m e n t
since 9 % p aid D ec. 15 1906. V . 8 9 , p . 722.
B O N D S .— T h e $ 3,000,000 "fir s t a n d gen eral” 5s issued early in 1909
arc a tlrst lien o n real estate In va rio u s cities havin g an e stim a te d va lu e o f
$ 5 ,273,896 an d a general Hen, s u b je c t to e x is tin g e n cu m b ra n ce s, o n su b ­
sta n tia lly all the rem ain ing p r o p e r ty . T h e b o n d s, w h ich w ere u n d er­
w ritte n , w ere offe re d to the sto ck h o ld e rs o f the Ice S ecurities C o. a t 8 8 .
T h e y are red eem a b le a t par an d Interest as a w h ole o r in blo ck s o f $50 0,00 0
o r m ultiples th ereof.
P ro ce e d s w ill be used to p ro v id e fo r the bills p a y a ­
ble, o v e r $ 1 ,3 0 0 ,0 0 0 , o v e r d u e m tges. o f a b o u t $25 5 ,0 0 0 , a c c o u n ts p a y a ­
ble an d w o rk in g ca p ita l.
V . 8 8 , p. 37 6 , 296 , 627 , 687 , 885.
O f the A m erica n Ice Securities d e b . 6s, $102,419 rem ain ed on hand
in D e c. 1906 to take up the o u ts ta n d in g A m e rica n Ice C o. s to c k .
Of
the 5'% co llatreal trust 5s o f 1902 o f the Ice C o m p a n y , $ 1 ,9 5 9 ,0 0 0 are
o u ts ta n d in g an d $2,0 6 0 ,0 0 0 are Issuable to retire $ 2 ,0 5 7 ,0 0 0 u n d e r ­
ly in g b o n d s an d real estate m tges. (o f w h ich $391,950 w ere o w n e d b y the
c o m p a n y ): $58 3,00 0 can celed an d $26 3,00 0 in treasury o f A m . Ice C o.
B O N D S O F S U B -C O M P A N I E S H E L D B Y P U B L I C ( V . 81, p . 2 9 ).
C on sum ers’ Ice C o ., d u e M ay 1 1911, $33 ,0 5 0 ; M aryland Ice C o ., B a lti­
m ore, due M arch 1 1910, $25 0,00 0; H y g ie n ic Ice C o ., W a s h in g ton , d u e
Jan 1 1910, $15 0,00 0; I n d e p e n d e n t Ice C o ., B o s to n (V . 78, p. 1963), 5 %
192’ (M & N ) $38 5,00 0; C on sum ers' Ice C o ., A tla n tic C ity (V . 83, p. 4 3 8 ),
1st 3 0 -y e a r g o ld 5s, d a te d Ja n . 1902, r e d . a t 105, gu ar, b y A m e rica n Ice C o.
B a lan ce sh eet o f A m e rica n Ic e S ecu rities C o . fo r y ear e n d in g D e c. 31 1908
VV'IS *“ ,r n° "
rPVirt ronnrt r*f AniFrlFfin IP ». Hft. fo r Vfifir 011(11111?
<
O ct.
o p e ra tin g
1906-07, g M . .
D IR E C T O R S , & c. (O ld C o . ) .— W e s le y M . O lc r (P r e s .) , W . A . T u ck e r,
A H B a rn ev R M T h o m p s o n , W m . B a v ie r , R e u b e n W . H op k in s and
P e r c y B ru n d age; J o h n R . B e n n e tt (S e c .) .
D irectors (S ecu rities C o .) .—
R o b e r t T H o o p e r an d J . W . M Id d e n d o rf, Jas. M cC u tch co n , H c n iy H .
H ead W a lte r L e e , S te p h e n H . D o rr, G e o . W . W csta li and E d w a rd J.
R e illy . S e cre ta ry Is E d w ard J. R e illy .
O ffic e , B ’ w a y an d 28th S t ., N . Y .
— (V . 8 9 , p. 722.)
A M F P IC A N I 1(1HT & TRACTION CO.— O R G A N I Z A T I O N .— In cor*
n o m t e d I n 'N e w Jersey M ay 13 1901 b y E m erson M cM illln an d a s s o :
d a tes
V 7 2 ? p. 724. 871 , 987; V . 73, p . 235 , and V . 75, p . 343 . A ll o
th e TSIOC-K Ol the G rand “R "U *"0! , , M adison, S t. I o se p h , L a,co m bn-iot t. P the
a p id s ,
J
e, S
aul
tile t n c k o f IOC
.
.
1
an d B in gh am ton (N . Y .) Gas W o r k s Is o w n e d , and a t least 9 7 % o f the
s to c k o f e a ch o f the rem ain in g p ro p e rtie s n a m e d b e lo w :
Stock.
Bonds.

S t J osep h (M o.) G as.C o _____________
St P (M inn ) G .L t .C o .(V .7 7 , p.2282)
B in g h a m to n (N . Y .) Gas W o r k s _____
C on Gas C o. o f N .J .( L .B r a n ..N .J .) D e tro it C ity Gas C o __________________
Q u e b e c J acqu es C artier E le ctric C o . .
S t C ro ix P ow er C o ., S om erset, W ls .
S ou th ern L ig h t & T r a c tio n C o . ...........
M u ckegon (M ich .) T r a c . & L tg . C o .
x See also $75 0,00 0 S t. C ro ix P o w e r
D IV ID E N D S —
lOO'L

1 ,0 0 0 ,0 0 0
1,000,000
2 ,5 0 0 ,0 0 0 £ 4 ,6 8 9 ,0 0 0
4 5 0 ,0 0 0
841 ,000 j
9 9 1 ,0 0 0 'V . 7 5 , p . 344
1 ,0 0 0 ,0 0 0
6 ,5 0 0 ,0 0 0 See this s e c t’ n .
2 ,500,000
8 49 .000
640 ,0 0 0
750 .0 0 0 V . 73, n . 1014
25,000
2 ,0 9 0 ,0 0 0 fS e e “ E l. R y . ”
2,500
8 0 0 ,0 0 0 )
S e c tio n .
663 ,0 0 0
C o. gu a ra n te e d b o n d s , V . 7 3 , p . 1014
1905.
1906. 1907.
100 8. 1 0 0 9 ^

P r e fe r r e d '.......... " " " “ " “ i n full to N o v e m b e r 1909 ( Q .- F .) .
in A u g 1909 2 % and 1 % e x tra on c o m m o n s t o c k ; also 1 0 %
o n o r b e fo re 1 N ov? K

M

O

an vfe r f di in to 's to c k A u g . 31
x s
co
te

O

O

1909.

^

V

.

V

V . 8 o, p . a a j.

.

’ ’ ’
e x tra m

89, p . ° S o B W . °

M I S C E L L A N E O US.
F o r exp la n a tion o f colum n headings, & c ., see notes on
first page o f tables.
A m erica n L in seed — C o m m o n s to c k 5 1 6 ,7 5 0 ,0 0 0 a u t h o r iz e d ..
P referred s to c k 7 % n o n -c u m u la tlv e $ 1 6 ,7 5 0 ,0 0 0 ___________
A m erica n L o c o m o t iv e — C o m m o n s to c k $ 2 5 ,0 0 0 ,0 0 0 _________
P ref also assets 7 % cu m $ 2 5 ,0 0 0 ,0 0 0 (B o n d s , see t e x t ) ___
N o te s m a tu rin g $ 1 ,0 0 0 ,0 0 0 y e a r ly _
_
,
N otes $5 ,0 0 0 ,0 0 0 g o l d _______________________________________ c
A m erica n M alt C o r p o r a tio n — C o m m o n s to c k $ 6 , 000,000 ____
P referred (also as to assets) c u m $ 9 ,0 0 0 ,0 0 0 (see t e x t ) ____
A m M alt Co 1st M assu m $ 5 ,0 0 0 ,0 0 0 g s f sub call 1 0 5 . . c *
A m erican P ip e & C o n s tr u c tio n C o — S to c k $ 5 ,0 0 0 ,0 0 0 auth __
C ollat trust certs Series A $ 1 ,0 0 0 ,0 0 0 red 1 0 2 H t e x t - . G P
do
do
Series B $ 1 ,0 0 0 ,0 0 0 red 102 A t e x t _ _ .G P
A m erican P n eu m a tic S ervice— C o m m o n s to c k $ 1 0 , 000 , 000 . .
P referred (as t o assets) 6 % n o n -c u m u la tlv e $ 7 ,0 0 0 ,0 0 0 ___
C ollateral tru st m o r tg a g e $5 ,0 0 0 ,0 0 0 g o ld sin kin g f u n d . . IB
L a m son C on S tore S erv ice C o s f b o n d s call a t 102---------11}
A m erican R a d ia to r — C om m o n s to c k $ 5 ,0 0 0 ,0 0 0 ----------------------P referred s to c k 7 % c u m u la tiv e $ 5 ,0 0 0 ,0 0 0 _________________
A m erica n Sew er P ip e — S to c k $ 8 , 000,000 a u th o r iz e d -------------F irst m ortg a g e $ 2 ,5 0 0 ,0 0 0 s f s u b je c t to call a t 105_____ K
A m erica n S h ip b u ild in g — S to c k c o m m o n $ 1 5 ,0 0 0 ,0 0 0 ________
P referred 7 % n on -c u m u la tlv e $ 1 5 ,0 0 0 ,0 0 0 --------------------------A m erica n S m elters S ecurities— C o m m o n s to c k $ 3 0 ,0 0 0 ,0 0 0 .
P referred “ A ” 6 % c u m u la tiv e $ 1 7 ,0 0 0 ,0 0 0 ________________
P referred “ B ” 5 % c u m u la tiv e g u a r a n te e d $30 ,0 0 0 ,0 0 0 . .
A m erican S m eltin g & R e fin in g — C o m m o n s to c k $50 ,0 0 0 ,0 0 0
P referred s to c k as to assets 7 % c u m u la tiv e $ 5 0 ,0 0 0 ,0 0 0 ___
x In clu d es $18 3 ,0 0 0 In tre a su ry M ay 31 1909

D a te
of
B on ds

1906
1909
1899
1908
1909
1903
1902

S iz e, or
Par
A m ou n t
V a lu e O utstand ing

W hen
P a y a b le

W here P a y a b le, and by
W hom

B on d s— P r in c pa l, W hen D u e
Stocks— Last
D ivid en d

$100 $ 1 6 ,7 2 2 ,0 3 0
100 16 ,7 2 3 ,6 4 8 7 In 1900 Q — M
Sep 15 ’ 00,1 % %
100 2 5 .0 0 0 .
000 jS ec t e x t
Q — C h eck s m a ile d
F
A u g 20’08,1 H %
100 2 5 .0 0 0 . 000 7 In 1909
Q — F C h eck s m a ile d
O ct 21'09,1 H %
1,000
2 .0 0 0 .
000; 5
A & O O ffice , 30 C h urch S t, N Y O ct 1 1910-11
1,000
5 .0 0 0 .
000; 5g
A & O
do
do
O ct 1 '1 2 -’ 14
100
5 ,5 9 6 ,0 0 0 ;___________ A & O
100
8 ,6 4 1 ,6 8 4 5in 1909 M
& N
N o v 3 ’ 0 9 ,2 14 %
1,000 x 3 , 42 3 ,0 0 0
6 g
J & D G u a ra n ty T r u s t C o , N Y D e c 1 1 9 1 4
100
5 .0 0 0 .
000 8 In 1909
Q— J
O ffice 112 N B r ’ d S t.P h ll O ct 1 1909 2 %
90 0 .0 0 0
5
|A & O G irard T ru st C o , P h lla T o G et 1 1927
500 & c
1 .0 0 0 .
000
5F & A
do
do
T o F e b 1 1929
50
9 ,9 9 4 ,5 5 0 __________ !A
& O
50
6 ,3 2 8 ,8 5 0 See te x t
Q uar
B y ch e ck
1 ,1 2 9 ,0 0 0
5 g
A & O In te rn a tio n a l T r C o , B os
4 9 7 ,5 0 0
5 g
F & A
do
do
100
5 .0 0 0 .
000 S ee te x t j Q — O lf 282-4 M ich A v e C h ic
M
1M
100
0 0 0 ,0 0 0 .7 In 1908 Q — F I 5
do
do
%%
100
00 0 ,0 0 0 See t e x t
Q— J
C h eck s m ailed
'A %
500 &c
378,000!
6 g
K n ic k e r b o c k e r T r C o ,N Y
100
60 0 ,0 0 0 ;S e e te x t
C le v e la n d , O hio
100
9 00 .000 7 In 1909
do
100
000 ,000
100
000,000!
6
S e p t l ’ OO.l H %
100
0 0 0 ,oo o !
5
S e p t 1’ 0 9 ,1 M %
100
0 0 0 ,000 j4 1 1909
O ct 1 5 ’ 0 9 , 1 %
100
00 0 .0 0 0 7 In 1909
Q— J
O ct 1 ’ 09,1 »A%

R E P O R T .— F o r 9 m os.. e n d in g S e p t. 3 0 , gross, $ 2 ,3 0 6 ,1 2 2 In 1909, a g st.
$ 1 ,8 5 1 ,8 0 5 In 1908; n e t, a fte r e x p e n s e s , $ 2 ,2 2 6 ,9 3 2 , a g st. $ 1 ,8 1 5 ,8 0 5 .
F o r 6 m os . e n d . Ju n e 30 a n d cal. y e a r 1908, V . 8 8 , p . 229.
S ix
D ividends
Other
Total
P referred
C om m on
B a lan ce,
M onth*. R eceived.
In com e. E x p en ses. D ivid en d s.
D ivid en d s.
S u rp lu s.
1909 .$ 1 ,3 9 7 ,7 3 1 $14 9,24 9 $53,788
$42 7,08 6
(5 )4 0 7 ,7 4 6 $658,361
1908 . 1,102,821
114,606
24.000
4 27 ,086 (3 3 4)222 ,411
543,930
Y ea r—
1 9 0 8 .$ 2 ,5 4 2 ,8 7 3 $270,191 $ 45 ,000
(6 )$ 8 5 4 ,1 7 2 (7 )$ 4 9 5 ,0 8 2 $1,32 8 ,8 1 0
1 9 0 7 . 2,236,261
226 ,697 36,563
( 6) 8 54 ,172 (5 ^ ) 3 8 8 ,7 4 0
1,183,683
C h airm an , E m erson McMUUn; P re s ., A . P . L a th ro p ; V .- P an d T r e a s .,
J . M . M cC arth y.
N . Y . o ffic e , 40 W all S t .— (V . 8 9 , p. 412 , 848 , 920.
AMERICAN LINSEED.— O R G A N I Z A T I O N , E T C .— In c o r p o r a te d o n
D e c . 5 1898 In N . J .
V . 67, p . 1161: V . 69, p. 697. S ee V . 71, p . 545.
F o r list o f p lan ts, & c., see V . 70, p. 631 . C o m . s to c k auth orizecl, $ 1 6 ,­
7 5 0 ,0 0 0 , all o u ts ta n d in g ; p r e f. s to c k as In ta b ic .
In Jun e 1901 Stan d ard
O il interests a c q u ir e d a m a jo r it y o f s t o c k .
V . 76, p . 216.
D iv id en d s o n
p ref. Ju n e 15 1899 to S e p t. 1900 a g g r e g a te d 1 0 1 4% : n o n e s in ce .
B on d s
p a y a b le , $3 1 5 ,0 0 0 ,
R E P O R T .— R e p o r t fo r J u ly 31 1909 (V . 89, p . 777) sh o w e d p rofits a fte r
all o p e r . e x p e n s e s , $ 1 ,2 6 4 ,1 8 5 ; In terest o n b o rro w e d m o n e y , $18 6,10 9;
d e p r ’ n , $98 ,4 7 5 ; n e t p rollts, $97 9,60 1.
P re s ., Jo h n A . M cG ean ; S e c .,
W . A . Jon es.
100 W illia m S t ., N . Y .— (V . 8 9 , p. 777.)
AMERICAN LOCOMOTIVE C O — O R G A N I Z A T I O N .— In c o r p o r a te d In
N . Y . o n Ju n e 10 1901 as a co n s o lid a tio n o f variou s co s . (see list V . 73, p .8 0 ) .
V . 7 2 , p. 1189; V . 7 3 , p . 84, 186, 724; V . 8 3 , p. 686 . In Jan . 1909 p u rch a se d
lan d a t G a r y , I n d ., fo r n ew p la n t. V . 88 , p . 102; V . 8 9 , p. 591.
In 1904
th e e n tire c a p ita l s to c k o f th e M o n tre a l L o c o m o t iv e W o r k s , L t d ., w as
a c q u ir e d (V . 7 8 , p . I l l 1, 1393, 1448; V . 8 4 , p. 143 1), an d In J a n . 1905 o f the
R o g e rs L o c o m o t iv e W o r k s . V . 8 0 , p . 474; V . 87, p . 675.
C o -o p e ra te s w ith
G en. E lectric C o. In c o n s tr u c tio n o f e le ctr ic lo co m o tiv e s ; see V . 79, p . 1022
A ls o m an u factu res a u t o m o b ile s . V . 8 0 , p . 2549; V . 82, p .'2 8 2 ; V . 8 3 , p . 686 ’
D I V I D E N D S , E T C .— D iv id e n d o n p r e f ., 1 « % q u a rte rly O c t . 1901 to
O ct. 1909, b o th ln cl.
D Iv . o n c o m . s t o c k , 1 % q u a r ., paid A u g . 1906 t o
A u g . 1908, b o th ln c l.; n on e sin ce to O ct. 1909. V . 87, p. 679.
In A u g .
1909 $ 5 ,0 0 0 ,0 0 0 5 % d e b e n tu re n o te s d u e $ 1 ,0 0 0 ,0 0 0 In 1912 an d $2 ,0 0 0 ,0 0 0
ea ch In 1913 a n d 1914 w ere sold to p r o v id e fo r im p ro v e m e n ts an d a d d itio n a l
w ork in g c a p ita l.
V . 8 9 , p. 530, 595.
B o n d e d d e b t o f c o n s tlt. co s . w as:
D ick s on M fg . C o . 1st 5s, $56 2,50 0 (a s s u m e d ), m atu rin g N o v . 1 1927;
R ic h m o n d L o c o m o t iv e , $ 55 0,00 0 g o ld c o n s o l. 6s d u e A p ril 1 1929 (a s s u m e d ),
o f w h ich $11 8,00 0 o w n e d b y A m e rica n L o c o m o t iv e C o.
L o c o m o t iv e & M ach in e C o . o f M o n tre a l 1st 2 0 -y r . g o ld 4s ($ 1 ,5 0 0 ,0 0 0 ),
d a te d M arch 1 1904 ($1,000 e a c h ) , g u a ra n te e d prln . & ln t. b y A m . L o c o . C o.
I n t . M arch a n d S e p t, a t R o y a l T ru st C o. o f M o n tre a l, tru ste e .
R og ers L o c o m o t iv e W o r k s , $ 33 0,00 0 llrst s. f. 5s, d u e M ay 14 1921. In
O c t. 1906 $ 5 ,0 0 0 ,0 0 0 serial 5 % n o te s s o ld .
V . 8 3 , p . 1472; V . 8 5 , p . 1006.
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1909 w as in V . 8 9 , p . 591,
s h o w in g n e t e a r n s ., $ 1 ,3 4 2 ,6 7 2 ; in t. a n d d is c o u n t, $35 5,53 2; d lv s . o n p r e f.
s to c k ( 7 % ) , $ 1 ,7 5 0 ,0 0 0 ; b a l., d e f ., $76 2,86 1.
D ir e c t o r s - - W a ld o H . M arshall, P lin y F isk , G e o . R . S h e ld o n , C. A . C o ffin ,
Julius E. F ren ch , Joh n W . G riggs, W . M. B a rn u m , F re d ’ k H. S teven s,
C lias. M iller,
P r e s ., W . II. M arshall; V . - P . , Jam es M cN a u g h to n , H erm an
F . B a ll, D a v id V a n A ls ty n e and L eigh B est; S e c ., S. T . C a llaw ay; T r e a s .,
C. B . D en n y; C o m p ., C. E . P a tte rso n .
O ffic e , 30 C hurch S t ., N . Y . —
(V . 8 7 , p. 1161; V . 8 8 , p. 102, 1063; V . 89, p . 471, 530 , 591 , 595.)

AMERICAN MALT CORPORATION.— O R G A N I Z A T I O N .— In c o r p . In
N . J. A p ril 2 1906 as s u ccesso r, p e r p la n V . 8 1 , p . 266, 104 3, o f the A m erican
M altin g C o ., th e la tte r b ein g a co n s o lid a tio n In 1897.
V . 65, p . 619; V . 70,
p . 478; V . 8 5 , p . 114 1. U n d er th e plan th e o ld p referred r e ce iv e d 6 2 % in
new p r e f. a n d th e o ld c o m . 4 4 % In new c o m . s to c k .
T h e new securities
w ere Issued In S e p t. 1906, $12 ,6 4 7 ,0 0 0 o f the $ 1 3 ,400 ,00 0 o ld c o m m o n an d
$ 1 3 ,9 3 8 ,2 0 0 o f th e $ 1 4 ,440 ,00 0 o ld p r e f. h a v in g b e e n a c q u ir e d In O ct. 1908.
P rop erties o p e r a t e d , & c ., see V . 84, p . 156.
S T O C K .— T h e p re fe rre d s to c k is e n title d to 4 % fro m A p ril 1 to O c t . 1
1906— th erea fter to 6 % .
O f th e s t o c k , $47 ,200 p re f. an d $10 4,00 0 c o m m o n
w ill rem ain a fte r e x c h a n g e o f all o f the o ld s to ck s .
D I V I D E N D S .— O n p r e f. s t o c k , 2 ) 4 % p aid N o v . 1908: 1909, M a y , 2 H %
N o v ., 2 Vi % , le a v in g 13% a c c u m u la te d d lv s. u n p aid . V . 87, p . 741, 1236
B O N D S .— R . C . N ew ton an d G e o . It. T u rn b u ll arc trustees. Sinking
fu n d o n e -h a lf a m o u n t d iv id e n d d e cla re d o n p re f. s to c k o f M altin g C o . an d
p r o c e e d s o f p r o p e r ty s o ld . V . 6 9 , p . 956, 1013, 1195.
R E P O R T o f c o m p a n y fo r y e a r e n d in g A u g . 31 1908 w as In V . 87, p . 1236;
also o f o ld c o m p a n y w ith ba la n ce sh eet, sh o w in g to ta l p ro llts, $ 1 ,3 1 9 ,9 9 9 ;
b o n d In terest, $ 19 8,31 5; ta x e s , $74,989; b e tte rm e n ts an d m a in te n a n ce ,
$93,091; b a l., s u r ., $95 2,70 4; d iv id e n d on pref. s to c k ( 1 .5 6 % ) , $22 5,26 4;
O F F I C E R S .— P r e s ., C has. A . Stadlqr: S e c ., J . C. M cC une; T r e a s ., II.
E g g erk ln g .
N ew Y o r k o ffic e , 63d St. and E ast R iv e r .— (V . 87, p . 1301.)
AMERICAN PIPE & CONSTRUCTION C O — O R G A N I Z A T I O N .— In ­
c o r p o r a te d In N ew Jersey Jan . 31 1889; nam e ch a n ge d fro m A m . P ip e M fg.
C o . M ch . 1 1909. C on trols an d o p e ra te s va rio u s w ater w ork s a n d m an u ­
fa ctu re s th e P h ip p s h y d ra u lic p ip e s. S ee list o f su b sid ia ry c o m p a n ie s ,
V . 72, p. 135; V . 6 9 , p . 1197; V . 81, p . 509; V . 8 8 , p. 160, 566. C oll, trust
5 % c trs ., o r ig in a lly $ 1 ,0 0 0 ,0 0 0 , S cr. " A , ” r e d e e m a b le $50 ,000 O ct. 1
y e a r ly to O c t . 1 1926 a t 102 and In t., an d also as a w h ole a t th e sam e price
a fte r O c t . 1 1908, a n d S cr. “ B ” $50 ,000 y e a r ly a t sam e price an d as a w h ole
to F e b . 1 1928. V . 86 , p . 1161; V . 87, p . 937; V . 8 8 , p. 377.
D I V S . / ’ 9 0 . ’ 91. '9 2 . '9 3 . ’ 94.
1895.
1896 to Jan . 1907.
Since
(% )
l 6
0
6
8 11>* 13 (ln cl. 3 e x .) 12 y r ly . (Q .-J .)
2 qu a r.
R E P O R T .— F o r y e a r 1908, w ith ba la n ce sh e e t, in V . 8 8 , p. 229, s h o w e d :
N et earnings, $ 6 2 9 ,6 7 8 , aga in st $615,983 in 1907; d iv id e n d s , $ 40 0,00 0,
again st $ 42 0,00 0.
P r e s ., Jo se p h S . K e e n J r.; V .- P . a n d T r e a s ., G e o . M .
B u n tin g ; S e c. a n d A sst. T r e a s ., II. B a ya rd I lo d g e .
O ffice , 112 N orth
B r o a d S t ., P h ila d e lp h ia .— (V . 88 , p. 229 , 377 , 566; V . 89, p. 472.)
AMERICAN PNEUMATIC SERVICE CO.— O R G A N I Z A T I O N .— I n ­
c o r p o r a te d J u ly 1 1899 un d er law s o f D elaw are.
(V . 68 , p . 1130, 1179.)
Is th e o w n er o f th e w h ole , o r n ea rly a ll, s to c k o f th e L a m so n C on sol.
S tore S ervice C o. (V . 68 , p . 1073), the In te r. P n e u in . S e rvice C o ., & c.
G ov ern m en t co n tr a c ts , V . 84, p . 572, 1244; V . 85, p . 1463; V . 88 , p. 103.
I n A u g . 1905 a c q u ir e d all the s to c k o f N . Y . M all & N ew spap er T ran s. C o.
a n d T u b u la r D isp . C o ., all th e b o n d s o f N . Y . Mall & N ew spap er T ran s. C o ..
&C. V . 81, p . 669; V . 82, p. 394; V . 83, p . 1102; V . 84, p . 1244.
A p p lic a tio n to list was g iven In V . 83, p . 3 4 . S e c also V . 8 8 , p . 824.
D iv id en d s on p r e f. s to c k to Jan . 20 1902, ln c l., 6 % p e r a n .; in 1906, 4 Y%%:
in 1907, J a n ., 1 *.<$%; non e since to O ct. 1909. V . 84, p . 869.
F irst M tg e. Collateral Trust S . F . — D uring 1905 $1 ,1 2 9 ,0 0 0 o f th e new
$5,00 0 ,0 0 0 5 % b o n d Issue w as sold (o f w h ich $11 8,50 0 retired b y sin k ­
in g fu n d to M ch. 190 7); $600,000 Is reserved to retire th e $600,000 (a u th .




I N T E R E S T OR D I V I D E N D S

Issue) o f L a m so n b o n d s a n d th e b a la n c e fo r a c q u is itio n s a n d e x te n s io n s a t
n o t o v e r 7 5 % o f c o s t , a n d f o r p r o p e r t y leased a t n o t less th an 12 A % o f
c o s t.
V . 8 1 , p . 32.
E A R N I N G S .— F o r 3 m o s . e n d in g J u n e 30 190 8, to ta l in c ., $ 4 4 2 ,4 7 8 ,
t S ^ ’r-A 357.!218 t n A ?,08: ffr, s? Pr o n t s - 3 1 0 0 ,6 1 6 , a g s t. $ 5 2 ,3 3 5 ; in t . p a id ,
o
$27 ,568 ; ch a r g e s , $30 ,838 ; b a l., s u r ., $ 4 2 ,2 1 0 . V . 8 9 , p . 472 .
l^ E i'O R i' for year e n d in g M arch 31 UioO. w ith balan ce sh e e t, w as In
V . 8 9 , p . 408 , sh o w in g n e t e a r n s ., $ 32 4,71 6; c h a rg e s , d e p r e c ’n , & c ., $ 1 8 5 ,­
912; d iv . o n s to c k o f s u b s ld . c o s ., $ 1 ,3 7 8 ; b a l., s u r ., $ 13 7,42 6
N ew dire cto rs M ay 1908.
V . 8 4 , p. 1427; V . 8 6 , p. 1411.
P res W m
II. A m e s; T r e a s ., G ilm er C lapp ; S e c ., W . E . B a rn ard .
O ffic e , 161 D e v o n ­
shire S t., B o s to n .— (V . 8 8 , p . 1562; V . 8 9 , p . 4 4 , 4 0 8 , 4 7 2 , 848.)
AMERICAN RADIATOR.— I n c o r p o r a te d in N . J. F e b . 10 189 9. V
68 , p. 329; V . 8 0 , p . 234 6. D iv id e n d s o n p r e f., M av 1899 t o A u g 190 9,
in clu s iv e , 1 H % q u a r. (Q .-F . 1 5 ).
O n c o m ., D e c. 1904 to D e c . 190 8, b o t h
ln c l., 1 % qu a r. (Q .-M .); M c h ., Ju n e a n d S e p t. 1909, \ y 2% , a n d In M c h .
1907 to 1909, 2 % e x tr a .
R e p o r t fo r y e a r e n d in g Jan . 31 190 9, w ith b a la n c e
s h e e t, V . 88 , p . 684 , s h o w e d : N e t p ro fits , $ 90 1,25 4; 7 % o n p r e f., $ 21 0,00 0;
d iv . o n c o m m o n ( 6 % i , $30 0,00 0; b a la n c e , $3 9 1 ,2 5 4 .
P r e s ., C. M. W o o lle y .
O ffic e , 282 M ichigan A v e ., C h ic a g o .— (V . 88 , p. 377 , 6 2 7 , 684 )
AMERICAN SEWER3PIPE CO.— O R G A N IZ A T IO N .— I n c . in N. J. on
F e b . 17 1900 as A m e rica n C lay M fg. C o. as a co n s o lid a tio n o f 32 vitrified
d ra in -p ip e a n d 2 p a v in g -b r ic k p la n ts, said to c o n tr o l fro m 60 t o 7 5 % of
th e In d u stry, and nam e c h a n g e d F e b . 1 1901.
F o r list, & c ., see V . 70,
p . 482 , 688 , 874 . T h e b o n d s are s u b je c t to call a t 105 a n d Interest up to
$ 10 0,00 0 y e a r ly . See V . 70, p . 688 ; V . 78, p . 2601. S t o c k , $ 7 ,0 0 0 ,0 0 0 ,
as re d u c e d N o v . 20 1907.
V . 85, p . 724, 923 , 1210.
F o r ca le n d a r y ea r
190 7, gross, $43 5,26 8; general e x p e n se s, ta xes an d re se rve s, $ 14 2,51 0;
in te re st o n b o n d s, $86 ,370 ; d iv id e n d s ( 2 ) 4 % ) , $19 1,11 4; b a l., s u r ., $ 1 5 ,2 7 4 .
B a la n ce s h e e t D e c. 31 1908, V . 8 8 , p . 293.
D lv s ., 3 % y e a rly ( H % Q .-J .) J u ly 1904 to J u ly 1907, b o t h ln c l.; O c t .
1907, ) 4 % : 1908, J a n ., ! 4 % : non e since to O ct 1909.
O F F I C E R S .— P res., G eo. R . H ill, A k ro n , O .; V .- P ., J o h n L . P o r t e r ,
P itts b u r g h , P a .; 1st V .- P ., W . F . D u n sp au gh , B e a v e r, P a .; S e c . an d T r e a s ..
A . S. M cC o m b e , P itts b u rg h , P a .— (V . 8 8 , p. 232, 2 9 3 , 627.)
AMERICAN SHIPBUILDING CO.— O R G A N I Z A T I O N .— In c o r p o r a te d
In N e w Jersey o n M arch 16 1899 t o u n ite th e s h ip b u ild in g an d k in d red
Interests o f th e G rea t L a k es. V . 68 , p . 770; V . 7 0 , p . 896; V . 71 , n . 344 •
1014; V . 73, p . 390; V . 8 3 , p . 1172.
’
D I V I D ’S .— I D e c ., 1902. 1903. 1904. 1905. 1906. 1907. 1908. 1909.
C om m on— % )
1
3
N on e
2
6
6
2
B e low
P r e fe r re d _ - % J
- I n fu ll t o d a te (1 % % Q .-J .)In J u ly 1909 an ann ual d iv id e n d o f 4 % o n c o m . w as d e cla re d (co m p a rin g
w ith 6 % In 1906 a n d 1907 a n d n o n e in 1 9 0 8 ), p a y a b le 1 % e a ch o n S e p t. 1
a n d D e c . 1 1909 an d M ch. 1 an d Ju n e 1 1910. V . 89, p. 288.
R e p o r t fo r y e a r en d in g Ju n e 30 1908 In V . 8 7 , p . 1236.
In 190 8-0 9, n et
e a r n s ., $1,2 5 7 ,7 2 2 ; d iv . o n p r e f., $55 3,00 0; d e p r e c ’ n , m a ln t., r e s e rv e , & c .t
$ 37 9,64 3; b a l., s u r ., $32 5,07 8. P r e s ., Jam es C. W a lla ce , C le v e la n d ; V .- P .
a n d T r e a s ., R . C. W e tm o re ; S e c ., O ra J. F ish . O ffic e , C le v e la n d , O h io.
— ( V . 8 9 , p. 288, 350 , 995.)
AMERICAN SMELTERS SECURITIES CO.— O R G A N I Z A T I O N .—
I n c o r p o r a te d M arch 31 1905 In N ew J e rse y , a n d a cq u ire d fro m G u g g en ­
h eim E x p lo r a tio n C o. v ariou s m in in g p rop erties an d interests in M e x ico ,
C o lo r a d o a n d M issouri a n d a b o u t $ 5 ,0 0 0 ,0 0 0 t o c o m p le te ce rta in pu rch a ses.
L a te r b o u g h t o th e r p ro p e rtie s in C a liforn ia, W a sh in gto n , U tah, M issouri
an d M e x ico and a m a jo rity o f th e F e d e ra l M in ing & S m e ltin g s to c k .
Am.
S m e lt. & R e f. C o . co n tro ls th ro u g h o w n ersh ip o f $ 1 7 ,7 5 1 ,0 0 0 c o m m o n
s t o c k . See b e lo w .
V . 8 0 , p . 873, 1237, 1730, 1915, 1973, 2221; V . 8 2 , p .
694; V . 8 3 , p . 1038; V . 8 5 , p . 1403.
In N o v . 1905 c o n tr o l o f U tah C o p p e r
C o. w as a c q u ir e d . V . 81, p . 1317, 1494, 1794; r e p o rt fo r 1908, V . 8 8 , p .
112 5. In d e p e n d e n t, “ In te rn a tio n a l S m e ltin g & R e fin in g C o .” V .8 7 ,p . 1665
S T O C K .— P referred s to c k “ B ” is g u aran teed as to d iv id e n d s b y A m e rica n
S m e ltin g & R efin in g C o . an d also as t o prin cip a l in case o f liq u id a tio n ;
p rin cip a l Is s u b je c t t o re d e m p tio n a t par a t o p tio n o f c o m p a n y Ju n e 1
193 0, o r a n y in terest d a y th erea fter. S in k, fu n d Is p r o v id e d . See V .
S'
8 0 , p . 1730, 1973.
P r e f. s to c k " A ” Is preferred o v e r “ B ” o n ly as to d iv id e n d s .
T h e p resen t
a u th o riz e d Issue, $ 1 7 ,0 0 0 ,0 0 0 , m a y b e Increased b y $ 5 ,5 0 0 ,0 0 0 . P re­
fe rr e d s to c k has n o v o tin g p o w e r unless d lv s . fo r o n e y e a r rem ain u n p aid .
D I V I D E N D S .— First d iv . o n p re f. “ A ” s to ck (fo r 2 m o s .), 1 % , paid
J u ly 1 1905; S e p t. 1905 to S e p t 1909, b o t h Inclu sive, 1 ) 4 % qu a r. V . 8 1 ,
p . 156, 670.
O n p re f. " B ” 1 M % q u a r., S e p t. 1905 to S e p t. 1909 in clu siv e.
R E P O R T .— R e p o r t fo r y e a r en d in g M ay 31 1909 In V . 89, p . 160 168,
s h o w e d : G ross earn in gs, $ 5 ,4 3 0 ,0 6 6 ; n e t o v e r ln t ., & c ., $ 3 ,6 2 6 ,4 2 6 ; n ew
c o n s tr u c tio n and Im p ro v e m e n ts, $58 5,38 3; d iv . on p re f. " A ” s to c k ( 6 % ),
$ 1 ,0 2 0 ,0 0 0 ; d iv . o n pref. “ B ” ( 5 % ) , $ 1 ,5 0 0 ,0 0 0 ; b a l., s u r ., $ 52 1,04 3.
O F F I C E R S .— P res., D aniel G uggenheim ; V ic e -P r o s ., B a rton Sew ell;
T r e a s ., M orris G u ggen h eim ; S e c ., W . E . M errlss. D ire cto rs, V . 8 0 , p . 1425;
V . 8 4 , p . 392.
O ffic e . 165 B ’ w a y , N . Y . — (V . 89, p. 160, 1 6 8 ,4 1 2 .)
AMERICAN SMELTING & REFINING CO.— O R G A N I Z A T I O N , ETC.
— I n co rp o ra te d A p ril 4 1899, un d er laws o f N ew Je rse y, V . 68 , p . 668 .
O w ns an d o p erates plan ts fo r th e sm e ltin g o f ores and th e tr e a tm e n t o f
le a d b u llio n , c o p p e r b u llion a n d c o p p e r m a tte In U ta h , M on ta n a , C o lo r a d o ,
N e b ra sk a , Illin o is, N ew Je rse y, M e x ico a n d elsew h ere. T h e p rin ci­
p a l m e rch a n ta b le p ro d u cts are ■bar g o ld an d silve r, p ig le a d , e le c t r o ­
ly t ic c o p p e r a n d blue v itrio l. C on trols th e K ansas C ity S m e ltin g & R e fin in g
C o ., th e O m a h a & G rant S m eltin g C o ., & c. L ist o f plan ts, rights o f s t o c k ,
& c., see V . 68 , p . 975, 471, 523; V . 70, p. 232, 281; V . 7 6 , p . 974; V . 77,
p . 2340; V . 7 9 , p . 1041; V . 8 4 , p . 160; V . 88 , p . 1059. C o n tr a c t w ith
F ed era l M in ing & S m eltin g C o . V . 79, p . 2694.
In A p ril 1901 the p r o p e r ty o f M . G u ggen h eim ’s Sons w as a c q u ir e d . See
V . 7 1 , p. 1271; V . 72, p. 138, 724.
In A p ril 1905 a cq u ire d c o n tr o l o f
A m e r ic a n S m e lte rs’ Secu rities C o ., w hich see a b o v e . V . 8 0 , p . 873 .
O m a h a & G ra n t S m elt. 1st 6s d u e M arch 1 1911, $ 2 3 7 ,0 0 0 , r ctira b le
p a rt a n n u a lly b y sin kin g fu n d , are th e o n ly b o n d s.
1909.
D IV S .
1 1905. 1906. 1 9 0 7 .--------------------- 190 8-------------------C om .
(% )
5A
7
7 A J a n .,2; A p r .,1; J u ly ,1; O c t ., 1 ;
4 (Q -J )
P r e f.
(% )J
In fu ll t o d a te (1 % Q .- J .) .
R E P O R T .— R e p o rt fo r y e a r e n d in g A p ril 30 1909 In V . 89, p . 160 , 168
F is c a l
C ross
N et over N ew Con - D iv . P r e f. D iv . C om m on B a lan ce,
Y ea r—
E a rn in g s. I n t ., & c. stru c.,& c S tk. ( 7 % )
Stock.
S u rp lu s.
$
$
$
$
$
$
1 9 0 8 -0 9 .-9 ,1 4 6 ,3 8 7 7 ,7 1 1 ,9 7 9 321 ,234 3 ,5 0 0 ,0 0 0 (4 )2 ,0 0 0 .0 0 0 * 1 ,8 4 3 ,0 5 0
1 9 0 7 -0 8 . .9 ,4 0 3 ,2 8 2 7 ,6 3 3 ,2 8 7 6 22 ,096 3 ,5 0 0 ,0 0 0 (7 )3 ,5 0 0 ,0 0 0
11,191
* A ft e r d e d u ctin g $47,695 fo r e m p lo y e e s ’ p rofit-sh arin g fu n d .
D I R E C T O R S .— D aniel G u ggen h eim (P r e s .), Isa a c G u ggen h eim (T r e a s .),
S o lo m o n R . G u ggen h eim , M urry G u g g e n h e im , M . R o b e r t G u ggen h eim ,
S . W . E ccles (V ic e -P re s id e n t), E d w a rd B ru sh (V ic e -P re s id e n t an d A ssista n t

M I S C E L L A N E O US
F o r exp la n a tion o f colu m n headings, & c ., see notes on
first page o f tables.

American S n u ff— S to c k c o m m o n $ 1 2 ,5 0 0 ,0 0 0 --------------------------P referred (also as to assets) 0 % n o n -c u m $ 1 2 ,5 0 0 ,0 0 0 ------American Steel Foundries— S to c k (see te x t) - -------------------------A m e rica n S teel C astings first m o rtg a g e g o l d - . - . - ------------U
M ortg a g e $ 0 ,0 0 0 ,0 0 0 to ta l Issuable s f red a fte r 10 y e a r s .T a
D eb en tu res $ 3 ,4 3 6 ,8 0 0 re d e e m a b le a t p ar ( t e x t ) ..................
American Sugar Refining— C o m m o n s t o c k $ 4 5 ,0 0 0 ,0 0 0
P r e f s to c k 7 % cu m (n o t p re f as to assets) $ 4 5 ,0 0 0 ,0 0 0 —
American Telegraph & Cable— S to c k 5 %
------------------American Telephone & Telegraph— Stock $ 3 0 0 ,0 0 0 ,0 0 0 C ollateral trust m ortg a g e g o ld (V 70 p 4 0 ) -------------- - C d . c
C o n v e rtib le b on d s r e d e e m a b le a t 105 ( t e x t ) --------- OB.c « r
C o u p o n n otes red eem a b le a t 1 0 2 -------------------------------------------American Thread— P ref s t o c k $ 6 ,0 0 0 ,0 0 0 5 % cu m g o r £ - - F irst m ortg a g e $ 6 ,0 0 0 ,0 0 0 g o ld o r £ - - - - - - - - - - ----- American Tobacco C o— C o m m o n s t o c k ($ 1 0 0 ,0 0 0 ,0 0 0 auth)
P referred (also as t o assets) $ 8 0 ,0 0 0 ,0 0 0 6 % cu m (see text)
G o ld b on d s (n o t m ortg a g e ) $ 5 6 ,1 0 0 ,0 0 0 a u t h ---------M o .c &r
G o ld b o n d s (n o t m ortg a g e ) —
— - - - - ------ v , - ' ? } 0 . J
C o n solid a ted T o b a c c o co lla te r a l tru st m tg e g o l d .- M o .c * & r
American Type Founders— S to c k ..............................................
P referred s to c k 7 % cu m u la tiv e $ 2 ,0 0 0 ,0 0 0
- .­
D e b g o ld $ 1 ,0 0 0 ,0 0 0 s f $20 ,000 y e a rly b egin S ent 1 0 0 0 . Ale
D e b g o ld $ 2 ,0 0 0 ,0 0 0 re d e e m a t 106 sin k in g fu n d ( t e x t ) ._ G
American Window Glass Machine— C om s t o c k $ 1 3 ,0 0 0 ,0 0 0 ..
P reterred s to c k 7 % cu m u la tiv e $ 7 ,0 0 0 ,0 0 0 ---------- --------- - - ­
D eb en tu res $ 5 ,0 0 0 ,0 0 0 g o ld due $ 1 ,0 0 0 ,0 0 0 y e a r ly red par

1807
1905
1008

1809
1006
1007
1890
1904
1904
1901
1896
1909

S iz e, or
Par
V a lue

A m ou n t
O utstanding

R ate
%

W hen
P a yable

Q— J
$100 $ 1 1 ,0 0 1 , 700 See t e x t
Q— J
100 1 2 ,0 0 0 , 000 6 In 1909
100 1 7 ,1 8 4 , 000
M & N
5 g
446 000
1,000
A
& O
6 g
2,665 000
100 & c
F
& A
4
3,436 800
100 &c
Q— J
100 45.0 0 0 000 7 In 1909
100 45.000 000 7 In 1909 See t e x t
Q— M
5
100 14.000 000
Q— J
100 230 , 92 200 8 In 1909
J
&
J
4 g
1,000 53.000 000
M & S
4 g
1.000 &C 53,599 000
J
&
5
1.000 &c 25.000 000
&
4,890 475 5 In 1909 J
5
&
6,000 000 4 g o r £ J
500 &c
100 40,242 400 See t e x t See t e x t
Q— J
6
100 78,689 ,100
A & O
6 g
50 &c 53,812 ,000
F
& A
4 g
50 & c 49,547 ,100
F
& A
4 g
3,983 ,750
50 &c
Q— J
100
4.000 ,000 4 In 1909
Q— J
2.000 ,000 7 In 1909
100
M & N
800 ,000
100
6 g
M & N
1,200 ,000
6 g
100 &c
100 12,557 ,794
6,557 ,794
100
F
& A
4,216 ,000
6 g
1,000

to P r e s id e n t), W a lte r T . P a g e , G rant B . S c h le y , M D . T h a tch e r, J . B .
G ra n t, W . S . M cC orn lck , K arl E llers, F ran k W . H ills, A n to n E llers,
B a rto n S ew ell ( V . - P .) , E d ga r L . N e w h o u se , F ran k lin G u lte rm a n , W illa rd
S M orse, J o h n N . S te e le , J o se p h C lcn d e n ln , J o h n K . M a cG o w a n , W illia m
S p rou le, J u d d S tew art an d W m . C . P o t t e r . O ffic e , 165 B r o a d w a y , N . Y .
— (V . 8 9 , p . 160, 168.)
AMERICAN SNUFF CO.— I n c o r p o r a te d In N J o n M arch~12 1900.
F o r list o f p rop erties m e rg e d , see V . 7 0 , p . 533, 634; s ta te m e n t to N . Y .
S to c k E x ch a n g e , V . 7 2 , p . 62 5 , 672; V . 7 4 , p . 428; V . 8 1 , p . 267: V . 8 4 , p .
510; V . 87, p. 680 .
D lv . o n pref. Jan . 2 1901 t o O ct. 1909, 6 /» y e a r ly . O n
c o m . Jan . 1903 t o J u ly 1907, ln c l., 1 0 % y e a rly (O .-J .) : O ct. 190 7. 3 % ,
1908, 1 3 % ; 1909, J a n ., 4 % ; A p r ., 5 % ; J u ly , 5 % , O c t ., 5 % .
A m e r. T o ­
b a c c o Interests ow n c o n t r o l,
v . 8 5 , p . 2 8 5 , 602 .
R E P O R T __ R eD ort fo r y e a r e n d in g D e c . 31 1908 (In V . 88, p . 682)
s h ow ed - N et e a r n ta ls , $ 3 ,4 7 4 ,3 1 9 ; d lv . o n p r e f. ( 6 % ) , $7 2 0 , 000 ; d lv . o n
c o m ( 1 4 % ) , $ 1 , 5 4 0 , 23 8 ; b a l., s u r ., $ 1 ,2 1 4 ,0 8 0 . P r e s ., M artin J . C o n d o n ,
Sec* a n d T r e a s ., E . D . C h ristia n , 111 F ifth A v e ., N . Y . — (V . 88, p . 683.)
A M E R IC A N S T E E L F O U N D R I E S — O R G A N I Z A T I O N .— In c o r p o r a te d
In N ew J e rs e y o n Ju n e 26 1902 an d a cq u ire d th e p r o p e r ty o f A m . Steel
C asting C o .. & c. V . 7 9 , p . 1463; V . 8 0 , p . 224 , 602; V . 8 3 , p . 685, 1230.
S T O C K — T h e sto c k h o ld e r s v o t e d Ju n e 12 1008 to re d u c e the a u th o rize d
s to c k fro m $ 3 7 ,6 5 0 ,0 0 0 , co n sistin g o f $1 8 ,1 1 0 ,0 0 0 co m m o n an d $1 9 ,5 4 0 ,0 0 0
p referred , to $1 7 ,1 8 4 ,0 0 0 o f o n e class o n ly . T h e o ld p referred ($1 7 ,1 8 4 ,0 0 0 )
o u ts ta n d in g re c e iv e d 7 7 % In new s t o c k an d 2 0 % In 15 y e a rs, 4 % d e b e n ­
tures d a te d F e b . 1 1908 a n d 3 % ca sh . D e b e n tu re s are s u b je c t to call
a t p a r , n o t less than 1 0 % to be re tire d y e a r ly , begin n in g F e b . 1 1913.
T h e c o m m o n s t o c k ($ 1 5 ,8 0 9 ,2 8 0 o u t) re c e iv e d 2 5 % In new s to c k . V . 8 6 ,
p . 170, 482 , 605 , 796; V . 8 7 , p . 40. In 1908 o v e r 9 0 % o f e a ch class o f s to c k
aD ia n ) E N D S ^ - O n ’ fo rm e r p r e fe rr e d , D e c . 1 1902 t o D e c . 1903, 1 )4 %
v
q u a r. (Q .-M .); 1904. M a y , 1 ) * % ; A u g ., 1 % ; n o n e s in ce , b u t see S T O C K .
1 B O N D S .— A s to 6s, se e V . 8 1 , p . 267 , 842; V . 83, p . 820 .
E A R N I N G S .— F or 9 m o s. e n d in g A p r. 30 1909, n e t earnings w ere $ 4 3 3 ,­
686, a ga in st $709,458 in 1907-08; o th e r In c o m e , $50 ,9 4 5 ; to ta l In com e, $ 48 4,­
631; ln t ., sin k , fu n d a n d d e p r e c .. $ 46 4,70 4; b a l., surplus, $ 19 ,927 .
R E P O R T .— F or y ea r e n d in g J u ly 31 1908 In V . 87, p . 135 5. sh o w e d to ta l
net In com e, $76 8 ,8 1 4 ; c h a rg e s, $ 4 5 5 ,7 2 5 ; d e p r e c ia tio n , $20 7,91 1; p a te n ts
p u rch a s e d , & c .. $46 ,733 ; b a la n c e , su rp lu s. $ 58 ,445 .
D I R E C T O R S .— Charles
M iller
(C h a irm a n ), W m . V . K e lle y . E. H.
G a r y , T h o s . K . N led rln gh a u s, W . W . IV'i.le r ; r W i i D ’ . S a r g » ? « ’ t i ' n ' . J ! '
L e ig h to n , M ax P a m , E d w a rd S lica rso n . J o h n M . H a rris o n . M orris B a ch ­
m a n , E . F . G oltra , A r th u r J . E d d y . P r e s ., W m . V . K e 'le y ; 1st V .- P . .
R o b e r t P . L a m o n t; T r e a s . a n d S e c ., F . E . P a tte r s o n . O ffic e , C h ica g o .
( V . 87, p . 1355, 1481; V 88. p . 627 , 1439.)
A M E R IC A N SUOAR R E F I N IN G .— O rga n ized In N . J . In Jan . 1891,
p er plan V . 51, p . 609 . S t o c k , o rig in a lly $ 5 0 ,0 0 0 ,0 0 0 . w as Increased
In J a n . 1892 to $ 7 5 , 000,000 (half p r e f.) to a cq u ire the c a p ita l s to c k o f
th e fo u r P h ila d elp h ia refineries an d a co n tr o llin g in terest In th e B a ltim ore
r e fin ery . D e scrip tio n o f p ro p e rtie s o w n e d , V . 8 8 , p . 943; V . 82, p . 1270,
V 83 P 1038; V . 87, p. 1481. N ation a l Su g ar R efining C o ., see V . 7 0 , p.
1096- v 71 D 3 J See V . 7 0 , p . 482 , 634, 998 , 1051; V . 7 1 , p. 136, 237,
699
S u l t ; ^ 84, p . 627; V . 85. o . 348; V . 86, p . 110, 796; V . 87, p. 1606.
V 88. n. 1130. N ew pla n t a t N ew O rlean s, L a ., Is e x p e c te d t o be re a d y
fo r op e ra tio n In 1909. V . 86, p . 1411; V . 88, p . 160, 94 3 .
I h e In­
v e s tm e n ts In b eet-su g a r a n d o th e r co rp o ra tio n s on J a n . 1 1909 agtn-egated
(2 2 ,1 8 9 ,1 5 1 .
S ettlem e n t o f litig a tio n A p r . 1909, V . 88, p . 1130, lo 0 2 .
S T O C K .— In 1901 ea ch class o f s to c k w as Increased frorn $ 37 ,500 ,00 0
to $ 4 5 ,0 0 0 ,0 0 0 b y sale a t p a r to sh areh olders.
V . 73, i?. 6 1 7 .
D I V I D E N D S .— 1 1892.
1893.
1894 to 1899. 1900. 1901 to 1909.
C om m o n . . . . . . . %
10 M
, 21 M 12 y T y (3 Q -J)
7 * 7
y e a rly
P r e fe r r e d ............... % J 7 % y e a r ly to d a te ; n e a rly all Q -J .
V . 71, p . 1168.
r f p o r t __R e n o r t fo r yt*ar cndlntc net* 31 l-H)8 w ith ba la n ce s h i'c t » in
V . 88. p . 82 0 . sh ow e d ne£ ea rn in gs,
b a l., su r .. $ 20 2,98 8. T o t . su rp . D e c. 31 08. $ 2 2 ,6 9 7 ,7 2 2 . V . 88, p. 160.
R e p o r t o f B o s to n co m m itte e S e p t. 1909, V . 89, p . 848 .
D I R E C T O R S .— W . B. T h o m a s ( P r e s ) ;
A rth u r D on n er ( V .-P . an d
T r e a s ) ; H ora ce H a v e m e y e r, Chas. H . Sen ft, G eorge II. Frazier. J oh n
M ayer. John E. P a rson s. H enry E. N lese, H en ry C. M o tt ( S e c .) , C. R . H elk e .
T ra n sfer o ffic e , 117 W a ll S t ., N e w Y o r k .— (V . 89, p . 4 4 , 848.)
AMERICAN TELEGRAPH & C A B LE — O w ns tw o ca b les b e tw e e n N o v a
S co tia an d E n gla n d .
L ea sed until 1932 to W estern U n ion w h ich se c.
AMERICAN TELEPHONE & TELEGRAPH C O — O R G A N I Z A T I O N .—
O w ns a large Interest, gen e ra lly a m a jo rity In terest, In the ca p ita l s to c k
o f all the lea d in g loca l co m p a n ie s o p e ra tin g u n d er the B ell p aten ts th ro u g h ­
o u t th e U n ited S ta te s (e x c e p t the M ich igan S ta te T e le p . C o .); also ow n s
th e sy stem o f lon g -d ista n ce te le p h o n e lines b y w h ich th e y are u n ite d .
S ee series o f telep h on e a rticle s , V . 69, P- 674 , 82 6 , 1034, 1222, V . 70, p ;
*»17
C a n ltallzatlon licen see c o s , see V . 8 5 , p . 1398, V . 86, p . 171,
V 88 n 1554
R e n ta l paid b y su bsid iaries, V . 8 5 , p . 34 8 . T h e M a ck a y
C os In F e b l 908 o w n e d a b o u t $ 1 0 ,0 0 0 ,0 0 0 s t o c k .
V . 8 6 . p . 476.
p ’nrdn p a ten ts V 72, p . 677; V . 76, p . 332 , 596; V . 77, p . 39. D ecision
a s t o c t a i m o f “ w e s t e r n U n k ,n ^ see
7 7 , p . 951 . 2160; V . 78, p. 585, 1220;
V 'F a v o 'ra b k f decision as to lo n g -d ls te n c e line c o n n e ctio n s w ith Indepen dent
cos
V 88 p . 1315. O fficia l sta te m e n t as to ca p ita liz a tio n o f en tire syst e n i’ M ay 1 1909. V . 8 9 , p . 160.
__ O n Ju n e 3 1901 th e a u th o riz e d s to c k w as Increased fro m
*10 0 000 000 to $ 1 5 0 ,0 0 0 ,0 0 0 . on M arch 1 1903 to $25 0 ,0 0 0 ,0 0 0 an d In
J a n ° ’l9 0 9 to $ 3 0 0 ,0 0 0 ,0 0 0 , to p r o v id e fo r co n v e r s io n o f $ 15 0,00 0,0 00 b o n d s.
O f the s t o c k , $2 1 ,9 4 3 ,2 0 0 w as s u b s crib e d fo r b y s to c k h o k lc rs a t par In
1903 an d $ 21 ,904 ,70 0 In Ju n e 1907.
V . 76, p . 13o6, V . 77, p . 3 9 , 771 .
L a te In 1908 $5,0 9 1 ,7 4 5 s to c k w as Issued.
In J u ly 1909 the s to c k o u tsta n d in g h ad be e n Increased t o $21 5,67 7,7 00,
e x c lu d in g $ 2 2 ,110 ,40 0 held b y A m e r . B ell T e le p h o n e C o. a n d virtu a lly u n ­
issu ed, th rou gh th e e x ch a n g e o f $7 7 , 3 7 1,0 0 0 co n v e r tib le b o n d s fo r s to c k .
O ffers w ere m ade t o e x ch a n g e the s to c k h eld b y th e p u b lic In th e N . Y .
& N . J . T e le p h o n e C o ., B ell T e le p h o n e C o. o f P a ., Bell te le p h o n e C o . o f
B u ffa lo a n d C en t. D lst. P rin t. & T e le gra p h C o. fo r s to c k o f th e A m e r.
T e le p h . & T ele g . C o. on certa in term s w hich w ill requ ire In th e a ggregate
<30 3 4 1,5 0 0 s to c k o f the la tte r, Increasing th e a m o u n t In th e han ds o f the
n u b ile to o n ly 8 2 4 6 ,0 2 9 ,6 0 0 .
T h e $7 2 ,6 2 9 ,0 0 0 c o n v e r tib le b o n d s rem ain ing
u n ex ch a n g ed J u ly 20 1909 (re d u ce d t o $53 ,5 9 9 ,0 0 0 o n O ct. 25 1909) will
rea u lre on the p resen t basis o f e x ch a n g e th e fu r th e r Issue o f a b o u t $ 5 4 ,­
470 000 a d d itio n a l s to c k If all c o n v e r te d . V . 8 9 , p . 229.
Tn Sent 1909 It w as arran ged t o purchase fro m the W e ste rn U n ion T cle c Q j i g 2 2 1 ,8 0 0 N ew Y o r k T e le p h o n e C o . s t o c k , o f w h ich $9,7 3 3 ,1 0 0
A l f r e d a s s e c u r ity fo r Its $ 10 ,000 ,00 0 4 % c o n v e r tib le b o n d s, w h ich are
s u b je c t t o call beg in n in g May 1 1912( an d $6,4 8 8 ,7 0 0 held In the tre a su ry.




B o n d s— P r in c i­
pa l, W hen D u e
S tocks— Last
D ivid en d

I N T E R E S T OR D I V I D E N D S
D ate
of
B onds

W here P a y a b le, and by
W hom

111 F ifth A e v n u e , N Y O ct 1 1909 5 %
O ct 1 '0 9 1 X %
do
do
G u a ra n ty T ru s t C o , N
T ru s t Co o f A m e rica , N
G u a ra n ty T ru s t C o , N
C h ecks m ailed
do
W e ste rn U n io n T e l, N
C h ecks m ailed
M anhat T r , N Y ; &
do
do
do
do
G u a ra n ty T ru s t C o , N
do
do
C h ecks m ailed
do
M o rto n T ru s t C o , N
do
do
do
do
C h eck s m ailed
do
do
M erca n tile T r u s t Co N
G u a ra n ty T r u s t Co, N

Y N o v 1 1912
Y O ct 1 1935
Y F eb 1 1923
O ct 2 '0 9 1
O ct 2 '0 9 1 % %
Y S ep t 1 ’ 09 1 % %
O ct 15 1909 2 %
J u ly 1 1929
M en 1 1936
Jan 1 1910
Y J u ly 1 ’ 09 2 H %
Jan 1 1919
S e p t 1 ’ 09 1 0 %
O ct 1 ’ 09 1 H %
Y O ct 1 1944
A u g 1 1951
A u g 1 1951
O ct 15 ’09 1 %
O ct 15 '0 9 1 %
Y M ay 1 1926
Y M ay 1 1939

F a rm D e p N a t B k . Pitta F eb 1 1910-1914

p a y m e n t b e in g m ad e In A m . T e l. & T e l. s t o c k . T h e N . Y . T e le p h on e C o.
In S e p t. 1909 Increased Its au th o riz e d s to c k fro m $5 0 ,0 0 0 ,0 0 0 t o $ 1 0 0 ,0 0 0 ,­
000 and to o k o v e r th e o th e r Bell c o m p a n ie s In N ew Y o r k S ta te , Inclu din g the
N Y & N . J . T e le p h o n e C o ., th e Bell T e le p h o n e C o . o f B u ffalo a n d C en­
tral N . Y . T e le p h o n e & T elegraph C o .. $3 5 ,6 7 2 ,8 0 0 o f the new s to c k t o be
Issued.
All o f the N ew Y o r k T e le p h o n e C o . s to c k Is o w n e d .
A . t.» bon d
l sue o f N . Y . T e l. C o ., ;e e th a t c m p a n y .
V . 89. p. 722 . 849 .
In S e p t. 1909 a c o m m u n it y o f Interest In the use o f w ires, t w a s re­
p o r t e d , h ad be e n arran ged w ith th e M a ck a y C o m p a n ie s a n d W estern
U n io n T e le g ra p h C o .
V . 89, p . 849.
D I V I D E N D S .— J u ly 1900 to J u ly 1906 In clu sive, 7 > $ % p e r a n n u m ; O c t .
1906 to O ct. 1909, 8 % (Q -J ).
B O N D S .— T h e co lla te ra l tru st m o rtg a g e o f 1899 Is se cu re d b y c olla tera l
m e n tio n e d In list In V . 8 1 , p . 509. O n a d d itio n a l co lla te ra l fu rth er b on d s
m a y b e issu ed t o an a m o u n t n o t e x c e e d in g 7 5 % o f th e e s tim a te d va lu e o f
c o lla te ra l; an d th e Issue a t a n y tim e o u ts ta n d in g m u st n o t e x c e e d th e
a m o u n t o f th e c o m p a n y ’s ca p ita l s t o c k th e n p aid u p . V . 69, p . 1195,
1249; V . 7 0 , p . 40; V . 8 5 , p . 1398: V . 8 0 , p . 99 9 , 1113.
T h e c o n v e r tib le 4s o f 1906 ($ 1 5 0 ,0 0 0 ,0 0 0 o rig in a l Issue) are to be r a ta b ly
se cu re d b y a n y fu tu re m tg e . o r co lla te ra l trust Inden tu re. T h e y are s u b ­
j e c t to call o n a n d a fte r M arch 1 1914 a t 105 an d c o n v e r tib le Into s to c k a t
133 7374158 + sin ce M arch 1 1909 an d b e fo r e M arch 1 1918; an d In the m ea n ­
tim e up to 30 d a y s p rio r to a n y d a te o f re d e m p tio n , w ith a cash a d ju s tm e n t
o f Interest a n d d iv id e n d s re s p e c tiv e ly , p r o v is io n b e in g m ade to p r o te c t
th e holders as to th e c o n v e r tib le rate in th e e v e n t o f th e Issue o f new s t o c k .
In O c t . 1908 $ 7 ,3 8 8 ,0 0 0 b o n d s w ere also Issued to a cq u ire a b o u t $ 3 ,0 0 0 ,0 0 0
W e ste rn E le ctric C o . m in o rity s t o c k , Increasin g the a m o u n t o f said s to c k
o w n e d to a b o u t $ 1 2 ,0 0 0 ,0 0 0 o u t o f $15 ,0 0 0 ,0 0 0 Issued.
In D e c. 1908 the
re m a in d e r o f th e b o n d Issue w as s o ld , p r o v id in g fo r th e c o m p a n y s req u ire­
m ents In 1909 a n d 1910, In clu din g p ro v is io n fo r $ 6 ,0 0 0 ,0 0 0 W e ste rn T e l. &
T e le g . C o . n o te s d u e M ay 1909 and $ 2 5 ,0 0 0 ,0 0 0 A m e r . T . & T . n otes d u e
Jan . 1910, an d n ew w o rk . T o O ct. 11 1909 $ 9 2 ,7 3 4 ,0 0 0 b o n d s had been c o n ­
v e r te d Into s t o c k . S ee V . 8 2 , p . 394 , 571, 699; V . 8 3 , p . 438 ; V 8 4 , p . 105,
160, 273, 933, 1369, 1489; V . 8 6 . p . 171. 1411; V . 87. p . 1013, 1481, 1535,
1606; V . 8 8 , p . 45 3 , 508, 566, 627.
In Jan . 1907 $ 2 5 ,0 0 0 ,0 0 0 3 -y e a r 5 % n o te s w ere s o ld . V . 8 4 , p . 105. W e s t ­
ern T e le p h . & T e le g . C o . n o te s , $ 6 ,0 0 0 ,0 0 0 , w ere paid M ay 1 1909.
E A R N I N G S . —F o r 9 m o s . e n d in g S e p t. 30 1909, to t a l Incom e, $ 2 3 ,3 2 5 ,­
41 1 , a gain st $ 20 ,729 ,32 9 in 1908; e x p e n se s, $ 1 ,8 2 9 ,9 7 0 ; in te re st, $5 ,4 2 8 ,7 6 1 ;
d iv id e n d ( 6 % ) , $11 ,9 6 3 ,7 5 8 ; b a l., s u r ., $ 4 ,1 0 2 ,9 2 1 .
R E P O R T .— R e p o r t fo r 1908 In V . 88, p . 819, 826.
B a lan ce sheet M ch.31
1909, V . 88, p. 1554. R e p o rts o f su b -c o s . fo r 1908, V . 88, p . 1554-8, 1617.
Y ea r end. D ec. 31—
1908.
1907.
1906.
$25 ,609 ,67 1
$19 ,7 0 9 ,1 5 3
T o ta l gross e a rn in g s ___________$ 27 ,898 ,97 0

Surplus over lnt. charges_____ 18,121,707

16,269,388

12,970,937

P a id d iv id e n d s ...........................(8 )1 2 ,4 5 9 .1 5 6
(8 )1 0 ,9 4 3 ,6 4 4 (7 H ) 10.195,233
D I R E C T O R S .— T h e o . N . V a il (P r e s .), Chas. W . A m o r y , G e o . F . B a k er,
F ran cis B lak e, Sytvan u s L . S c h o o n m a k e r , A le x a n d e r C och ra n e, T . Jefferson
C o o lld g e J r ., W . M urray C ran e, H e n ry S. H o w e , C has. E . H u b b a rd (S e c .),
W illia m L ow ell P u tn a m , T h o m a s S an ders, N a th an iel T h a y e r , J oh n I .
W a te r b u r y , R u d u lp h E llis, G e o rg e L . G reen , M oses W illia m s and T h o s . B .
B a ile v
T rea su rer Is W m . It. D riv e r.
O ffic e , 125 M ilk S t ., B o s to n , M ass.
— (V . 89, p . 160, 165. 227 , 47 2 , 530, 667, 722 , 848 , 995 .)
A M E R IC A N T H R E A D C O .— In c o r p o r a te d In N . J . M arch 10 1898
(V . 6 7 , p . 1158.)
S t o c k , $ 6 ,0 0 0 ,0 0 0 c o m m o n ($4 50 per $5 share paid
In, u n d e rs to o d to b e e n tire ly o w n e d b y th e E nglish S ew in g C o tto n C o .);
$ 6 ,0 0 0 ,0 0 0 5 % c u m . p r e f. (g o ld o r £); Issued $ 4 ,8 9 0 ,4 7 5 , p a r o f shares,
$5.
D iv id e n d o n p re f. J u ly 1899 to J u ly 1909, Inclu sive, 5 % p er an n u m
( 2 ) 4 % s e m l-a n .).
F'Irst d lv . o n c o m m o n . 30 cts. p er share (o r 1 0 % on
a m o u n t paid In) paid o u t o f earnings o f 1899-00; In 1900-01, 35 c ts . ( 1 0 % );
In 1901-02, non e; In 1902-03, 14 cts. ( 4 % ) ; In J u ly 1904, 56 c ts . ( 1 6 % );
In J u ly 1905, 28 cts. ( 8 % ) ; In J u ly 1906, 40 c ts . ( 1 4 % ); In J u ly 1907 an d
1908 d iv id e n d s w ere p a id , b u t a m o u n ts n o t r e p o rte d ; 1909, 18 c ts . ( 4 % ) .
B O N D S .— S ee a p p lic a tio n to list In fu ll, V . 70. p. 179; also V . 76, p. 267.
tn 1901 n u rch ased c o n tr o l o f W o o l E x ch a n g e C o ., o w n in g b u ild in g 260 W est
B r o a d w a y , s u b je c t to first m tg e . o f $45 0 ,0 0 0 .
V . 73, p . 289, 39 3 , 446 .
R E P O R T — R e p o r t fo r y e a r e n d in g M ch. 31 1909 In V . 89, p . 161,
sh o w e d gross p r o fit fo r y e a r . $1,1 2 8 ,7 3 6 , again st $1,383,772 In 1907-08 an d
SI 730 815 In 1906-07; b o n d Interest, $24 0,00 0; d e p r e c ’n , $40 0,00 0; p ref.
d lv ( 5 % ) $24 4 ,5 2 4 ; c o m . d lv . ( 4 % o n a m o u n t paid In), $216,000; b a l.,
sur $ ’ 8 212. P re s., T . C. W a te rh o u se , 260 W . B ’ w a y , N .Y . — (V . 88. p .1 6 1 .
s u r " s*28 21 2 .
P res., T . C. W a te rh o u s e , 260 W . B ’ w a y , N . Y .; S ec. an d
T reas , J.’ G . W y l ie .— ( V . 8 9 . p . 530.)
(T H E ) A M E R IC A N T O B A C C O C O .— O R G A N I Z A T I O N .— In c o r p o r a te d
o n O ct 20 1904 as an a m a lg a m a tio n , u n d er th e laws o f N ew J ersey , p er
nlan V . 7 9 , p . 1024, o f the A m e r ic a n , the C o n so lid a te d and th e C o n ti­
n en tal t o b a c c o c o m p a n ie s .
V . 79, p . 1705. S ee a p p lica tio n to list. V . 80,
n 168’ sta te m e n ts o f those co m p a n ie s In this S ection fo r J u ly 1904.
D orlslnn su stain in g m erger, V . 84, p. 105; V . 8 6 , p . 670 . G o v e rn m e n t s u it,
p ro p e rtie s c o n tr o lle d , p r o d u c tio n , & c. V . 85, p. 101, 277.
In N o v . 1908
th e U n ited S tates C ircu it C ou rt o f A p p e a ls held the c o m p a n y as a c o m b in a ­
tio n In v io la tio n o f th e a n ti-tru s t la w , b u t an a p p e a l has been taken to th e
S u p re m e C o u rt. V . 8 7 , p . 1301, 1269.
It ow n s a m a jo rity o f the c o m m o n s to c k o f the A m e rica n S n u ff C o. (b u t
n o t a m a jo r ity o f all v o t in g s t o c k ); also a m a jo rity o f the s to c k o f the A m e r i­
ca n C igar C o ., w hose $1 0 ,0 0 0 ,0 0 0 o f 4 % n otes Issued ($ 2 0 ,0 0 0 ,0 0 0 a u th o r ­
ized) w ere g u a ra n te e d prin cipa l and Interest b y the A m e rica n an d C o n ti­
nen tal co m p a n ie s .
V . 7 3 , p . 1113; V . 72, p . 5 3 1 ,1 0 3 7 ; V . 78, p . 1394. T h e
A m e rica n C igar C o . o w n s a m a jo r ity o f the c o m m o n s to c k o f the H avan a
T o b a c c o C o ., V . 7 4 , p . 1141, as well as a m a jo r ity o f the c o m m o n s to c k o f
th e A m e rica n S to g ie C o. See V . 77, p . 148; V . 80, p . 2400; V . 8 6 , p . 110.
T h e C o n tin e n ta l C o. a cq u ire d th e $ 3 ,0 0 0 ,0 0 0 P . L orlllard C o . c o m . a n d also
$ 1 ,5 8 1 ,1 0 0 o f Its $ 2 ,0 0 0 ,0 0 0 p re f. s t o c k .
V . 70, p . 3 3 1 , 1051; V . 71. p . 646,
in 1902 the o ld A m e rica n T o b a c c o C o. and the Im p erial T o b a c c o C o. or
G rea t B ritain sold tlielr e x p o r t businesses to the B rltlsh -A m e rlca n l o b a c a )
Co
L t d ., the c a p ita l s to c k o f w h ich Is £ 6 ,100,000 a u th o r iz e d , Issued £5,8 2 o ’ o 2 1 . the A m e rica n T o b a c c o C o. o w n in g tw o -th ird s thereor a n a tne
Im p e ria l T o b a c c o C o . o n e -th ir d . V . 7 5 , p . 735; V . 73, p . 61 8 . 7 2 4 , 1359;
V . 7 6 , p . 86 8 , 921; V . 8 5 , p . 101, 279.
S T O C K .— O f the s to c k a u th o riz e d , $ 1 ,3 1 0 ,9 0 0 p re f. and $5 9 ,7 5 7 ,6 0 0 c o m .
h a ve n o t been Issued. T h e p re f. s to c k has v o tin g p o w e r o n ly as the sta tu te
e x p re s s ly give s th e p o w e r to v o t e . See V. 7 9 , p . 1025; V . 80, p . 167.
D I V I D E N D S .— O n p referred , 6 % per an n u m ( Q . - J .) : on c o m m o n ,
1 0 % (Q - M c h .) y e a r ly s in ce ea rly In 1905, w ith fo llo w in g ex tra s:
1905
1906.
1907.
------------------- 1908----------------------------- --------- ’ 1909---- — —
D ec.
T otal. T otal. M c h .
J u n e. S e p t.
D e c.
A fc/«. d u n e .
*9epf10% 1 2 )* %
15% 2 X %
5%
7H %
7H %
5%
5%
7H %

I N T E R E S T OH D I V I D E N D S .

M I S C E L L A N E O U S.

D ate
of
F o r explanation o f colum n headings, & c ., see notes on
___ Bonds
Jtrst page o f tables.

American W o o le n — C om m o n s to c k $ 40 ,000 ,00 0 a u t h o r iz e d .-

P referred s to c k 7 % cu m (also assets) $ 4 0 ,000 ,00 0 a u th . - W o o d W ors ted Mill C orp c o n & e q u ip n o te s guar p & 1 (tex t)
A y e r M ills n otes g u a ra n te e d p rin cipa l and In terest------ American Writing Paper— C o m m o n s to c k $ 9 ,5 0 0 ,0 0 0 -----P referred s to c k 7 % cu m u la tiv e ,$ 1 2 ,5 0 0 ,0 0 0 . - - - - - - a ,.- ,
F irst M s f g old $17 ,0 0 0 ,0 0 0 call since J u ly 09 a t lO o O li.e
Armour & C o— R ea l es tls tM $ 5 0 ,0 0 0 ,0 0 0 g red 10 2 H -X C <!cr
Associated Merchants— C om m o n s t o c k . , -- j
.
"
F irst p referred 5 % cu m (also assets) c o n v e r tib le (te x t) - S e c o n d p referred 6 % cu m (also assets) (see t e x t ) -------------Barney & Smith C a r - C o m m o n s to c k $ 2 ,0 0 0 ,0 0 0 ------- P referred 8 /o cu m u ia u v t
F r c ie rr c a o % c u r nu la tiv e $ 2,500,000'
*yu j
r . * Ti n
✓ »*
F irst m ortg a g e $ 2 ,0 0 0 ,0 0 0 gold red eem a b le a t 110
G .c
Bethlehem Steel C o rp o ra tio n — C o m m o n s to c k t l o . 0 0 0 , 0 0 0 . .
P re f s to c k 7 % n o n -c u m u la tlv e $1 5 ,0 0 0 ,0 0 0 (also assets)
B eth Steel p u rch m on ey m tg fo r B eth Ir o n g o ld (iI ,c d r
B eth Steel Co 1st e x t M $ 12 ,000 ,00 0 g gu red 1 0 5 ._ M o .c *
do
do
serial n otes g u a r a n te e d ---------------------------M o
do
do
n otes g u a ra n te e d ------------------------------------------Borden’ s Condensed Milk— C o m m o n stock $ 22 ,500 ,00 0
P referred 0 % cu m u la tiv e $ 7 ,5 0 0 ,0 0 0 redeem able a t 110 .
Brill (The J. G.) C o — C o m m o n s to c k . . . -----------------------------P referred s to c k (also as to assets) 7 % c u m u la tiv e ----------Brooklyn Union (las— S lo c k $ 2 0 ,0 0 0 ,0 0 0 — ---------— x
F irst con s $ 1 5 ,0 0 0 ,0 0 0 g (fo r u n d e rly in g b o n d s see te x t) . . u
Buffalo (las— F irst M $ 5 ,9 0 0 ,0 0 0 red eem a t 115 g o l d -------N .c

1905
1909
1899
1909

1901
1906
1907
1909

1895
1897

S ize, or
Par
V a lu e

R ate
%

$100 $2 9 ,5 0 1 ,1 0 0
100 4 0 .0 0 0 .
7 In 1909
000
1,000
3 .5 0 0 .0 0 0
i 'A
1,000
2 .5 0 0 .0 0 0
4 «
100
9 .5 0 0 .0 0 0
100 12.5 0 0 .0 0 0 See t e x t
1,000 14.6 1 1 .0 0 0
5 g
I ,000 3 0 .0 0 0 .
000 4 'A g
100
6 ,6 3 5 ,7 0 0 See t e x t
100
5,4 9 8 ,5 0 0 See t e x t
100
5,1 1 5 ,8 0 0 S ee te x t
100
2 ,0 0 0 ,0 0 0 See te x t
100
2 .5 0 0 .0 0 0 See t e x t
1,000
2,0 0 0 ,0 0 0
5 g
100 14.8 6 2 .0 0 0
100 1 4.908.000 See t e x t
1,000
7 .5 0 0 .0 0 0
6 g
1,000 11.6 6 7 .0 0 0
5 g
6
2.2 1 5 .0 0 0
6
See t e x t
100 2 1 .2 5 0 .0 0 0 8 In 1909
7 .5 0 0 .0 0 0 6 In 1908
100
5 ,000,000 See te x t
100
100
4 .5 8 0 .0 0 0 7 In 1909
6 in 1909
000
100 1 8 .0 0 0 .
1,000 14.6 9 8 .0 0 0 i
5 g
5 .805.000
1,000
5 g

B O N D S .— T h e rights o f the 6s are prior to th ose o f the 4s. S ee V . 79,
p . 1956; V . 80. p. 167.
In Ja n . 1905 $ 5 1 .210 ,20 0 o f th e $56 ,0 9 0 ,4 0 0 6 %
b on d s a n d $ 7 2 ,757 ,40 0 o f the $ 7 8 ,689 ,10 0 4 % b on d s a u th o riz e d had been
lis te d , w ith a u th o rity to list the b a lan ce as ex ch a n g e d u nd er Pl<m. In D ec.
1905 $ 1 5 ,200 ,00 0 o f the 4 % b on d s pu rch ased In th e o p e n m ark et w ere can
c e le d ; In 1906, $2 ,4 3 7 ,0 0 0 ; In 1907, $7,49 6 ,0 0 0 ; In 1908, n on e. V . 81, p.
16 R E P O R T .— R e p o rt fo r y e a r e n d in g D ec. 31 1908, In V . 88, p. 682,
sh ow ed net e a rn s.! $ 2 8 ,7 0 4 ,4 0 5 . a g st. $ 2 7 .371 ,02 0 In 1007; p rem iu m on 6 %
b on d s p u rch a sed , $26,763; Int. on b o n d s. $ 5 .40.),062 d lv . oil c o m . s to c a ,
(32 Vi % ) . $ 1 3 , 0 78 ,780 ; pref. d lv . (6 % ), $ 4 ,721,346 ; b a l., s u r ., $o,471 ,o.>4.
D I R E C T O R S .— Jam es B . D uke ( P r e s .) , T h o s. J. M a lo n e y , C aleb C. D iila,
R o b e r t B. D u la , W illia m R . Harris an d P erclval S . H ill (V ic e -P re s id e n ts );
G eorge A r c n ts , A n th o n y N . B ra d y , P a u l B ro w n , J o h n B . C o b b , II. M.
H a n n a , G . A . H clm c , H erbert D . K in g s b u ry . R o b e rt D . L e w is, Pierre L ord
lard, R . L . P a tterson , O liv e r H . P a y n e . F rank, H . R a y , T h o m a s F. R y a n ,
G ra n t B. S c h le y . R o b e rt A . C. S m ith , R o b e rt K . S m ith , Charles N . S tro tz
G eorge W . E lkins, P eter A .B .W ld e n e r , G e o . D . W ld e n c r , T h o m a s B . Y u llle ,
W . R . I r b y . T rea s. Is John M. W . H ick s; S e c ., J . T . W ilc o x .
O ffic e ,
111 F ifth A v c . , N . Y .— (V . 88, p. 088, 1255; V . 8 0 , p . 227, 35 0 . 530 .)
A M E R IC A N T Y P E F O U N D E R S C O — In c o r p o r a te d In 1892 u n d e r laws
o fN .J .
See V . 55, p . 625 , an d a d v .
In 1896 the c a p ita l s to c k w as re a d ­
ju s te d .
V . 62, p. 082.
N ew p la n t, V . 7 7 , p. 1292; V . 79, p. 1703.
D lv . on c o m . A p ril 1898 t o O ct. 1009 In cl., 4 % per a n n u m .
In a d d itio n .
In J a n . 1902 6 % scrip , In A p ril 1903 3 % scrip a n d In A p r . 1909 2 /» scrip was
p a id .
D lv . on p ref. paid J u ly 1902 to O ct. 1909 In cl., 1 A % q u a rte rly .
D E D K N T U R K S .— O f the 6 % deben tu res d ated M ay 1 1009 ($2,0 0 0 ,0 0 0
au th oriz ed Issue), $1,2 0 0 ,0 0 0 w ere su bscrib ed b y th e s to ck h o ld e rs o r o th e r ­
w ise s o ld . T h e rem ain in g $80 0,00 0 are to be used to retire the old d e b e n ­
tures. A sin k in g fund o f $30 ,0 0 0 an d $20,000 a d d itio n a l w h en the old
d eb en tu res are retired w ill be used to purch ase the d e b e n tu re s a t n o t o v e r
106 o r d ra w th em b y lo t a t 106 anil In terest. V . 88, p . 627; V . 8 9 , p . 1068.
A N N U A L R E P O R T .— R e p o r t fo r y e a r e n d in g A u g . 31 1909, In V . 89,
p. 1068, sh ow ed n et profits o v e r e xp en ses and In terest, $ 30 6,75 9; d lv . on
c o m . ( 4 % ) , $ 16 0,00 0; d lv . o n p r e f.. $14 0,00 0; b a l., su r ., $ 6 ,7 o 9 .
P r e s .,
R . W . N elson , 300 C om m u n lp a w A v c . , J ersey C ity .— (V . 8 9 , p . 1068.)
A M E R IC A N W A L T H A M W A T C H .— S ee W a lth a m W a tc h C o.
A M E R IC A N W I N D O W G L A S S M A C H IN E C O .— O R G A N I Z A T I O N .—
In c o r p o r a te d In N . J . o n M arch 6 1903. V . 76, p . 596. O w ns e x clu siv e
righ ts to certa in w in d ow -gla ss m ach in e p a te n ts In the U . S. S ee V . 76,
p . 596, 707 .
In M arch 1903 p u rch a se d n e a rly all o f c o m . s to c k o f A m c r .
W in d o w Glass C o. an d leased p a te n t rights to la tte r o n r o y a lt y . V . 76,
p . 707 , 867; V . 77, p . 2282; V . 79, p . 2644.
S T O C K .— S tock a u th oriz e d , c o m ., $ 13 ,000 ,00 0; p r e f., 7 % c u m ., $ 7 ,0 0 0 ,­
000; p ar o f sh ares, $1001 o f th is, $ 6 ,4 9 9 ,0 0 0 c o m . an d $50 0,00 0 p r e f. w ere
Issued to a cq u ire p a te n t rights and $ 6 ,500,000 o f ea ch w ere av a ila b le fo r
n urchase o f $ 1 3 ,0 0 0 ,0 0 0 A m e r . W in d o w Glass c o m . s to c k ; o u ts ta n d in g , see
ta b le a b o v e . T h e W in d o w G lass C o .’s $4,0 0 0 ,0 0 0 cu m . p re f. s to c k (in
shares o f $100) received d lv s. o f 7 % p er ann um M ch. 1900 to M ch . 1903; n o
d lv s . p aid sin ce to J u ly 1909 In clu sive. V . 7 6 , p . 707.
P res . W . K . M cM ullln; S e c. and T r e a s ., A . E . B ra u n , P itts b u r g h , P a .—
(V . 8 0 , p . 1915, 1974; V . 83, p. 1172; V . 85, p . 923; V . 8 6 . p . 422.)
A M E R IC A N W O O L E N C O .— O R G A N I Z A T I O N .— In c o r p o r a te d M arch
29 1899 u n d er laws o f N . J. as a c o n s o lid a tio n o f th e W a sh in gto n M ills, L a w ­
ren ce M ass.; N ational P r o v id e n c e M ills, P r o v id e n c e , R . I ., & c.; see V . 68,
p 472; s ec a lio p . 0 1 7 ; V . 69, p . 77; V 7 3 . p . 446; V . 71 p. 545
L ist o f
nron erties, V . 78, p . 1118. S ta te m e n t to S to ck L x c h ., V .7 1 ,p .lJ 1 6 .
T h e W o o d W orsted Mill C o rp o ra tio n , w hose $3,5 0 0 ,0 0 0 s t o c k Is o w n e d ,
has bu ilt a large mill a t S ou th L a w re n ce , M ass., fo r the m a n u fa ctu re o f
v/irns and m en 's w ea r fabrics! its $ 3 i5 0 0 (000 n o te s, gu aran teed p rln . & in t.,
$500* 0 0 0 7 l c h ! 1910. $ 2 ,0 0 0 ,0 0 0 S e p t. 1910 an d $ 1 ,0 0 0 ,0 0 0 M ch.
*
1011
v . 8 1 , p . 90 0 , 8 4 2 'V . 84, p . 1054; V . 86, p . o99.
T h e A y e r M ills, w h ose s to c k Is o w n e d , Is b u ild in g a yarn m ill a t S o u th
L a w ren ce, M ass.; Its $2,5 0 0 ,0 0 0 4 M % n o te s, gu a ra n te e d prin a n d ln t .,
m atu re $50 0,00 0 Ju n e 1 19 10 and $ 2 ,0 0 0 ,0 0 0 Jun e 1 1911. V . 88, p . 508.
S T O C K __ In D e c. 1906 th e $ 1 0 ,0 0 0 ,0 0 0 n ew p re f. s to c k w as s o ld . V .
8 1 ‘ , 4 7 2 . V 84 I, 750 . 1184. T h e sto ck h o ld e rs v o te d J u ly 16 1909 to
Increasin g th e p ref. s to c k fro m $ 3 5 ,0 0 0 ,0 0 0 to $ 4 0 ,0 0 0 ,0 0 0 . m o s t o f th e $5.
000 000 new s tock h a v in g been su b scrib ed fo r b y th e s to ck h o ld e rs, the re­
m ain der bein g tak en b y a sy n d ic a te .
V . 88, p . 1622; V .^89, p . 227 .
D ivid en d s on p ref. J u ly 1899 to O ct 1909, b o th In cl., 7 % p er a n . (Q -J - 1 5 ) .
E A R N I N G S .— R e p o rt fo r y e a r e n d in g D e c. 31 1908, In V . 8 8 , p . 623 ,
sh ow ed : N et p rofits, $1 ,2 8 0 ,7 0 5 ; p re v io u s s u r ., $ 1 0 ,1 1 4 ,9 9 8 ; d lv s . a t 7 %
per a n n u m , $2 ,4 5 0 ,0 0 0 ; n e t su rplu s, $ 8 ,9 4 5 ,7 0 3 .
D I R E C T O R S .— W m . M . W o o d (P r e s .), F re d e rick A y e r , J o h n H o g g ,
F W . K Ittr e d g c , J . C. W o o d h u ll, G . E . B u llard, A n d re w G . P ie rce J r .,
G eo. L . S h ep ley an d C has. II. T e n n e y ; See. and T r e a s ., W . I I . D w e lly J r.;
A sst. T r e a s ., W . A . Currier: A sst. S e c ., F rederic G. S h erm an . O ffic e , Shaw m u t B ank B ld g ., B os ton , M ass.— (V . 8 8 , p . 1622; V . 89, p 227, 780.)
A M E R IC A N W R I T IN G P A P E R C O .— O R G A N I Z A T I O N .— I n c o r p o r ­
a te d In N . J. o n Jun e 25 1899 as a co n so lid a tio n o f fine w ritin g -p a p e r m ills.
S ee p rosp ectu s, V . 69, p . 25, 128, 227; V . 80, p. 1172. S ee V . 70, p . 998.
S to ck h old ers v o te d F e b . 11 1908 to re d u ce th e au th o riz e d s to c k fro m
$2 5 ,0 0 0 ,0 0 0 to $ 2 2 ,0 0 0 ,0 0 0 . V . 8 6 , p . 171, 422 . T w o d iv id e n d s o f 1%
ea c h , d eclared p a y a b le A p ril 1 an d O ct. 1 1907, w ere paid Jun e 1908 a fte r
fa v o r a b le c o u r t d ecision ; 1909, O c t ,, 1 % . V . 8 6 , p . 1532.
O f the $1 7 ,0 0 0 ,0 0 0 b o n d s, $ 1 ,1 8 9 ,0 0 0 w ere In sin k in g fu n d Jan . 1009 and
$1 200,000 In th e trea su ry u n ca n ce le d . V . 76, p. 540.
R e p o rt f o r calen d ar
y ea r 1908, w ith ba la n ce sh e e t, In V . 8 8 , p . 502, s h ow in g: N et In com e, $ 9 6 5 ,­
073: Int. o n b on d s, c o n s tr ’ n , ile p r ’ n, & c ., $ 1 ,220,289 ; b a l., d e f ., $ 25 5,21 6.
O F F I C E R S .— I’ r c s ., W . N . C a ldw ell; T r e a s ., G eorge B . H o lb r o o k ;
S e c ., E . H . H a ll, H o ly o k e . M ass.— (V . 88, p . 562; V . 8 9 , p . 472.)
A N A C O N D A C O P P E R A W N IN G .— (V . 88, p . 1131. 1311, 1495.)
A P M O U R & C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d In Illin ois A p r. 14
1900 as a c o n s olid a tion o f the va rio u s Interests o f the partnership o f the
sam e n am e
O w ns plants In C h ica g o , K ansas C ity , S o u th O m a h a , E ast S t.
i-nuls and F o r t W o r t h , T e x ., Inclu din g p a ck in g h ou ses, glue w o rk s, soap
w ork s w areh ou ses, refrige ra tin g sta tio n s, A c ., & c. S to c k , $ 2 0 ,0 0 0 ,0 0 0 ,
all ou tsta n d in g ; p ar, $10 0. D iv id e n d s n o t m ad e p u b lic.
B O N D S __ O f th e “ real esta te 1st m t g e .” 4 H s ($ 5 0 ,0 0 0 ,0 0 0 a u th o r ­
ized issue) $30 000,000 w ere sold to p a y the flo a tin g d e b t an d fo r w o rk in g
•anltai th e rem ain in g $ 2 0 , 000,000 b e in g re served fo r fu tu re pu rposes.
T h e y are s u b je c t to call as a w h ole o n a n y Interest d a y a t 102 Vi an d Interest
on 12 w e e k s ’ n o tice an d on anil a fte r D e c. 1 1014 In parts o f n o t less than
1 0 % o f th e a m o u n t ou ts ta n d in g . T h e u n e n cu m b e re d qu ick assets, in clu d ­
ing a u x ilia ry c om p a n ies, m ust a t all tim es e x c e e d the a ggre ga te d e b t . In­




A m ount
O utstand ing

W hen
P a yable

IF/ierc P a ya ble, and by
W hom

B on d s— P r in c iS tocks— Last
D ividend

____
Q — J 15 G u a ra n ty T ru s t C o , N Y O ct 15 '0 9,1 Vi Vo
M ch ’ 1 0-M cb ’ l l
M &
S B row n B ros & C o , N Y
J ’ ne ’ 10 -J ’ ne ’ l l
do
do
J
& D
S ec te x t
J
&
J O ld C o lo n y T r C o , B o s to n
J
& D
H u d son T r , H o b o k e n ,N J
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do
do
Q— J
do
do
Q— J
Q— M
________________
Q— M
J
&
J G u a ra n ty T r u s t C o , N Y

O ct 1 190 9, i %
J u ly 1 1919
Ju n e 1 1939
S e p t 1 ’ 09,2 Vi %
O ct 15,09,1 V i%
O ct 1 5’ 09,1 ViVo
D ec 16 1 9 0 7 ,1 %
Ju n e 1 1 9 0 8 ,2 %
J u ly 1 1936

F e b 1 1 9 0 7 ,5 * %
—p
H I B road w ay, N Y
A u g 1 1998
—p
G irard T ru st C o ., P h ila
&
J H a r v c v F ls k & S o n s .N Y Jan 1 1926
J u ly 1 ’ 1 0 -T 2
&
J
do
do
1914
F
& A B y c h e ck fro m C o ’s o ffic e A ug 14 ’ 09, 4 %
Sep 15’ 09.1 V i%
do
do
Q— M
S e p t 15 ’ 08, Vi %
Q— M
N o v i 1909, 1 %
Q— F
A
& O B y c h e ck fro m C o ’ s o ffic e O ct 1 1909 ,3
M ay 1 1945
M & N Chase N at B a n k , N Y
A
& O S tan d ard T r u s t C o , N Y O ct 1 1 9 4 7
q
q

J
J

c lu d in g th e o u ts ta n d in g b o n d s .
N o d iv id e n d s are to b e p a id e x c e p t Irom
earnings su b s e q u e n t to th e fiscal y e a r e n d in g O c t . 24 1908. V . 8 8 , p . 1374.
E A R N I N G S .— E arn ings a p p lic a b le to In terest ch a rges fo r th e 3 years
e n d in g O ct. 24 1908 a v e ra g e d o v e r $ 5 ,5 0 0 ,0 0 0 a y e a r.
O F F I C E R S .— P re s, a n d G en . M g r., J. O . A r m o u r ; V . - P . , C. W . A rm o u r:
S e c ., C. W . C om es; T r e a s ., F . W . C roll.
O ffic e , 205 L a Salle S t ., C h ica g o,
111.— (V . 88, p . 1374; V . 89, p . 920.)
A S S O C IA T E D M E R C H A N T S C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d
In A p ril 1901 In C o n n e c tic u t u n d e r sp ecial ch a rte r, and a cq u ire d $ 4 ,5 0 0 ,1 0 0
o f the $ 9 ,0 0 0 ,0 0 0 s to c k o f th e H . B . Claflin C o. an d th e business o f Jam es
M cC reery & C o . o f 23d S t ., w h ich In D e c. 1906 a c q u ir e d th e 34th S t. b u s i­
n ess. V . 8 4 , p . 692 . I n D e c . 1901 pu rch ased th e business o f P o sn e r B ro s ,
o f B a ltim o re (n ow S te w a rt & C o .) and In 1903 2 ,0 0 0 shares ($200,000) o f ’th e
$ 2 5 0,00 0 c o m . s to c k o f C. G . G u n th e r’s S o n s. V . 77, p . 449; V . 7 3 , p . 1358.
In 1905 a cq u ire d th e business o f J . N . A d a m & C o . o f B u ffa lo . V . 7 6 , p . o40,
V . 80, p . 1730; V . 81. p . 776 . A lso ow n s $ 2 ,4 0 0 ,0 0 0 o f th e ^ < 0 0 0 ,0 0 0 d e b e n ­
tu re b o n d s, $ 2 ,0 0 0 ,0 0 0 o f the $ 3 ,0 0 0 ,0 0 0 Incom e b o n d s an d 800 o f th e 1.000
shares o f s to c k o f th e O 'N e lll-A d a m s C o ., a c o n s o lid a tio n in 1906 o f H .
O 'N e ill & C o. and A d am s D ry G o o d s C o . V . 83, p . 274, 561. In M ay 1909
th e new U n ited D ry G o o d s C om pa n ies a c q u ir e d $ 8 ,6 5 0 ,0 0 0 o f th e $ 1 7 ,2 5 0 .­
000 s to c k o f all classes, th e rem ain in g s to c k be in g g iv e n th e rig h t o f e x ch a n g e
$ fo r $ to A u g . 1 1909 fo r U n ited D ry G o o d s c o m . s t o c k . V . 8 8 , p . U 7 o
S T O C K .— T h e first p re fe rre d Is e x c h a n g e a b le a t p a r a t h o ld e r ’s o p tio n
Into c ith e r c o m . o r 2d p re f. s to c k .
In O ct. 1904 th e rights to d lv s . w ere
am e n d e d so th a t th e 1st an d 2nd p r e f. are e n title d to r e c e iv e V i% e x tra
a b o v e 5 % and 6 % re s p e c tiv e ly fo r e a ch 1 % th e c o m . shall re ce iv e o v e r 7 A .
V . 79, p . 1706: V . 80. p . 118, 1915; V . 81, p . 1317. S t o c k h o l d e r o n A p ril
18 1906 a u th o riz e d an Increase In th e 2nd p r e f. s to c k fro m $ 5 ,0 0 0 ,0 0 0 to
$ 1 0 ,0 0 0 ,0 0 0 , m ak in g th e total au th o riz e d s to c k $ 2 5 ,0 0 0 ,0 0 0 , to b e d iv id e d
as ca lle d fo r b y c o n v e rsio n s. V . 8 2 , p . 707 , 931; V . 8 3 , p . 381 .
D I V I D E N D S .— O n p r e f. s to c k s , 5 % o n 1st p r e f. an d 6 % o n 2d p re f. t °
O ct. 1904 ( Q .-J .): sin ce to J u ly 1905, 1 •*% o n 1st p r e f. an d V i% e x t r a , an d
o n 2d p r e f., 1 Vi % an d Vi% e x tr a , a n d In O ct. 1905 to Ja n . 1908, In cl., an d
A p ril t o O ct; 1909, Vi % e x tra o n e a c h . V . 80. p . 118. on c o m . D e c. 1902
to S e p t. 1909, in c l., 1 Vi% q u a r., an d fro m D e c. 1904 to Jun e 1905 V i% each
e x tr a , and S e p t. 1905 t o D e c . 1907 an d M arch t o S e p t . 1909 V i% e x tr a .
V . 81, p . 728.
In M ch . 1908 to Jan . 1909 th e e x tr a d iv id e n d s w ere o m itte d .
8 8 , p . 683.
R E P O R T . —R e p o r t fo r h a lf-y e a r e n d . A u g . 1 1909, w ith b a l. sh e e t, w as In
V . 89, p . 665 . P re s ., J o h n C laflin. O ffic e , H o b o k e n , N . J .
N ew Y o r k
h e a d q u a rte rs, C h urch a n d W o r th S ts .— ( V . 8 8 , p . 1375; V . 89, p . 665-)
A T L A N T IC G U L F & W E S T IN D IE S S T E A M S H IP L IN E S .— Su ccessor
o f C o n s o lid a te d SS. L in es p e r plan V . 8 7 , p . 287 , 1013, 109 0.— (V . 87, p.
1422, 1606; V . 88. p . 160, 885 , 1375: V . 8 9 , p . 35 0 .)
B A R N E Y & SAWTH C A R C O .— R e -In c o r p o r a te d in O h io In 1906 per
p la n , V . 8 2 , p . 69 5 , 158, 1498.
,
,
P re f. d lv s . resum ed D e c. 1899; 2 % p aid q u a r. t o J un e ’ 08, in c l.; n o n e since
t o O ct. ’ 0 9 . 3 6 % In c o m . s to c k p aid M ay 1906 fo r d eferred d lv s . V . 8 2 , p .
6 9 5 ,1 0 4 2 .
F irst d lv . o n c o m . sin ce 1893, 1 % , p aid S e p t. 15 1906; D e c ., 1 %
1907, 4 % ( Q .-M .); sin ce t o O c t . 1909, n o n e . V . 86, p . 482 .
R E P O R T .— F o r y e a r e n d in g M ch . 31 1907, V . 8 5 , p . 162.
N et.
Interest. P r e f. D iv .
C om . D ie .
B a l., Su r.
Y ear__
1907-08
..$ 5 0 8 ,6 3 9
$10 0,00 0
$20 0,00 0
(3 % )$ 6 0 ,0 0 0
$148,639
190 6-0 711111____ 602 .030
90,0 0 0 2 00 ,000
(3 % ) 59,892
252,138
T o ta l u n d iv id e d p rofits M arch 31 1908, $ 47 4,16 3.
P r e s ., A . M . K ittr e d g e . O ffic e , D a y t o n , O .— (V . 89, p . 165.)
B E T H L E H E M S T E E L C O R P O R A T IO N .— O R G A N I Z A T I O N — I n c o r ­
p o ra te d in N . J . o n D e c. 10 1904 as su cce sso r, p er plan V . 7 8 , p . o 8 7 , o f the
U . S. S h ip b u ild in g C o ., an d a c q u ir e d th e en tire s to c k o f th e B eth leh em Steel
C o. (see “ R y . & I n d .” S u p p . O ct. 1902, an d V . 77, p . 1744) a n d th e en tire
ca p ita l s to ck s o f the fo llo w in g sh ip bu ild in g con cern s:
__
U nion Iro n W o r k s , San F ra n cisco ; H arlan & H o llin g sw o rth C o r p ., W il­
m in g to n , D e l.; S am uel L . M oore & Sons C o r p ., E llz a b e th p o r t, N . J .; all
fre e fro m lie n s .”
S ee V . 82, p . 1050; V . 8 5 , p . 1520; V . 87, p . 1359.
D I V I D E N D S .— 1 H % qu a r. A u g . 1905 to A u g . 1906, b o th Incl.; N o v .
*A%\ 1907, F e b ., J * % ; sin ce to O c t . 1909, n o n e . V . 8 4 , p . 573, 933.
B O N D S .— T h e B eth leh em S teel C o .’s 1st e x te n s io n 5s ($ 1 2 ,0 0 0 ,0 0 0 a u th ­
o riz e d Issue), g u a ra n te e d p rln . an d Int. b y th e n ew c o r p o r a tio n , are s e ­
cu re d b y a first Hen o n a b o u t 250 acres a cq u ire d a t B eth leh em and th e Im­
p r o v e m e n ts e r e c te d th e re o n . A n ann ual sin k in g fu n d o f $30 0,00 0 began
J u ly 1908. In N o v . 1905 $ 8 ,0 0 0 ,0 0 0 w ere s o ld , th e o p t io n o n th e rem ain in g
$ 4 ,0 0 0 ,0 0 0 b e in g e x e rcise d M arch 1907. V . 81, p . 1612; V . 82, p . 282,
1050, 1499; V . 8 4 , p. 573; V . 85, p . 470 , 866 . T h e $ 2 ,5 0 0 ,0 0 0 6 % gu ar,
n otes o f 1907 o f S teel C o . m atu re o n e -fifth In 3 yea rs, o n e -fifth In 4 years,
re m a in d e r 5 y e a rs. / I f th e n o te s, $ 79,000 h a ve be e n pu rch ased an d are
held In tre a su ry. V . 86, p . 916; V . 84, p . 148J.
In O c t . 1909 $ 7 ,5 0 0 ,0 0 0
B ethlehem Steel C o . 5 -y e a r 6 % n o te s d a te d N o v . 1 1909 w ere s o ld , g u a r a n ­
teed b y the B eth leh . Steel C o r p ., w hich w ill pledge
c o m p a n ie s ’ s to ck s th e re fo r. T he n o te s w ill h ave a m on th ly sin k in g fu n d o f
$60 000 b e g in n in g N o v . 1 1910. T h e p ro ce e d s w ill be used t o retire the
e x is tin g ’ $2 500 000 6 % n o te s, an d rem ain d er fo r Im p ro v e m e n ts an d e x te n ­
sion s. S to ck h o ld e rs w ill v o t e N o v . 5 o n a p p ro v in g th e g u a r a n ty . V . 89,

V.

P ’ The5 U n ion Iron W o rk s D ry D o ck C o ., a su b sid ia ry o f th e U n io n Iron
W o rk s to o k o v e r on N o v . 1 1908 the p r o p e r ty o f San F ra n cisco D ry D o ck
Co
an d issued th e re fo r $ 1 ,0 0 0 ,0 0 0 2 0 -y e a r 6 % p u r c h a s e -m o n e y b o n d s,
b esid es assu m in g $50 0,00 0 5 % u n d e rly in g b o n d s. V . 8 8 , p . 941.
R E P O R T .— R e p o r t fo r ca le n d a r y e a r 1908 In V . 8 8 , p . 941 , sh o w e d to ta l
n e t In com e, Inclu din g su b sid ia ry c o s ., $ 2 ,1 9 2 ,3 5 5 ; b o n d Interest, all c o s .,
$1 441 491 ' a m o u n t ch a rg e d ofT, $ 14 ,000 ; a p p r o p r ’ n fo r d e p r ’n , & c.,
$ 37 0,00 0; b a l., s u r ., $ 36 6,86 4. T o ta l surplus D e c . 31 1903, $ 2 ,4 6 7 ,2 6 4 .
O F F I C E R S .— P r e s ., Charles M . S ch w a b ; V t c e -P r e s ., A rch ib a ld J o h is t o n ;
2d V ic e -P r e s ., H e n ry S. Sn y der; S e c. a n d T r e a s ., B . H . Jon es; A s s t. T r e a s .,
and A s s t. S e c ., T . A . M cD o n a ld .
O ffic e , 111 B r o a d w a y , N . Y .
D I R E C T O R S .— C. M . S ch w a b (C h a irm a n ), G eorge R . S h e ld o n , P lin y
Fisk A r ch ib a ld J o h n sto n , C. W . W e tm o re an d O liv e r W re n , A llan A . R y a n ,
W m . M . B arnum an d H en ry S . S n y d e r .— (V .88, p . 941; V . 89, p . 289 , 995 .)
B O R D E N ’ S C O N D E N S E D A1ILK C O .— O R G A N I Z A T I O N . — I n c o r p o r ­
a te d in N . J . on A p r . 24 1899.
V . 68, p. 821; V . 69, n. 1195; V . 74, p . 97,
579; V . 7 6 , p . 656. P r e f. s to c k Is r e d e e m a b le a t 110 a fte r 3 ye a rs fro m Issue
(If less than the w h ole to b e p a id , th e n u m b e r o f shares to b e draw n b y lo t.)
S T O C K .— T h e sto ck h o ld e rs v o t e d J u ly 30 1909 t o Increase the co m m o n
s to c k fro m $ 1 7 ,500 ,00 0 t o $22 ,500 ,00 0; $3,7 5 0 ,0 0 0 be in g offered t o s t o c k ­
h olders o f record A u g. 3 a t par, p a y a b le S e p t. 1 1909, Increasing th e a m ou n t
o u ts ta n d in g t o $ 2 1 ,2 5 0 ,0 0 0 .
V . 89. p . 165.

M I S C E L L A N E O US.
F o r exp la n a tion o f colum n headings, & c ., see notes on
first page o f tables.
B u ff & Susq Iron — 1st M $3,0 0 0 ,0 0 0 g r e d ( t e x t ) . N .x c * A r_
D eben tu res $ 1 ,5 0 0 ,0 0 0 g o ld red 105 a ft Sen 1 9 1 0 . K .x c 'A r *
B u sh T erm in al C o— C om m o n s to c k $ 7 ,0 0 0 ,0 0 0 .. ....................
P referred 5 % n o n -cu m u la tlv e $ 1 ,5 0 0 ,0 0 0 _________________
First m tg (V 76, p 974) c o n v sin k fu n d sin ce ’ 0 7 ____ K .c*
hirst co n s o lid a te d m ortg age $ 1 0 ,0 0 0 ,0 0 0 ....................... . . c *
B ush T e r m B ld gs C o M $ 1 2 ,0 0 0 ,0 0 0 g u a r t o be a u t h s f . . .
B u tte E le c tr ic & P o w e r — C o m m o n s t o c k $ 5 ,0 0 0 ,0 0 0 a u t h . .
P referred s t o c k 5 % cu m u la tiv e $ 1 ,0 0 0 ,0 0 0 _______________
F irst m o rtg a g e g o ld sin k fd d u e p a rt y ’ ly Ju n e l . - U s m . c *
J o in t M (B ll A E ast M ont P ow er) $ 5 ,0 0 0 ,0 0 0 red c o n v . . c *
M on tan a P o w e r T ran sm ission $7 5 0 ,0 0 0 g gu p A 1 call 105
M adison R iv e r P o w e r 1st M $ 5 ,0 0 0 ,0 0 0 g gu p & 1 call 105
B u tterick C o— S to c k $ 1 5 ,0 0 0 ,0 0 0 (b o n d s see t e x t ) _________
C a lu m et & H ecla A lining— S to c k $ 2 ,5 0 0 ,0 0 0 _________________
C a m b ria Iron — S to c k (4 % g u a r a n te e d )_____________________ _
C a m b ria Steel— S to c k $ 5 0 ,0 0 0 ,0 0 0 ____________________________
M frs’ W a ter Co 1st M $ 4 ,0 0 0 ,0 0 0 g gu s f red t e x t ____ (IP
C ellu loid C o — S to c k $ 6 ,0 0 0 ,0 0 0 a u th o r iz e d ____________________
C en tral F ire w o rk s — C om m o n s t o c k $ 1 ,7 5 0 ,0 0 0 .......... ................
P referred s t o c k 7 % c u m u la tiv e $ 1 ,7 5 0 ,0 0 0 _________________
C en tral F o u n d r y — C om m o n s to c k $ 7 ,0 0 0 ,0 0 0 _________________
P referred s to c k 7 % cu m u la tiv e $ 7 ,0 0 0 ,0 0 0 _________________
D eb en tu res $ 4 ,0 0 0 ,0 0 0 g o ld re d e e m a b le a t 105________ I
C en tral L ea th er C o— C om m o n s to c k $ 4 0 ,0 0 0 ,0 0 0 ____
P referred 7 % c u m u la tiv e $4 0 ,0 0 0 ,0 0 0 (also as to assets) .
F irst lien g old b on d s $ 4 5 ,0 0 0 ,0 0 0 ____________________________
U S L ea th er d e b e n .g o ld sink fd 4 % sub to call a t 1 1 0 . . Ce

D ate
of
B onds
1902
1906
1902
1905
1909
1901
1908
1903
1905

1905
1893

S iz e, or
Par
V a lue
$1,000
1,000
100
100
1,000
1,000
1,000
100
100
1,000
500 & c
500 &c
1,000
100
25
50
50
1,000
100
100
100
1,000
100
100
1,000

D iv id en d s o n p r e f. to S e p t. 1909 ln c l., 6 % y e a r ly ( Q .-M .). O n c o m m o n In
1902, 8 % ; 1903, 8 % ; a n d In D e c ., \ 14% e x tra : 1904 to 1908, in c l., 8 %
(F . A A .) , an d In D e c. 1904 t o 1907 2 % e x tra : 1909, F e b ., 4 % : A u g ., 4 % .
N o . b on d s.
P r e s ., W illia m J. R og ers; V .- P . , S . F re d e ric T a y lo r ; T r e a s ., F . D . S h o v e ;
S e c ., W a lte r M . G la d d in g , 108 H u d so n S t ., N . Y .— (V . 89, p . 165.)
B R I L L (T H E J. G .) C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y l­
vania A u g . 1 1906; org a n iz e d F e b . 1907. O w ns p r a c tic a lly e n tire s to c k o f
variou s com p a n ies m a n u fa ctu rin g cars, c h ie fly e le ctr ic , a n d a p p lia n ce s
th e re fo r. S ee V . 85, p . 1400; V . 86, p . 1102.
S T O C K A N D B O N D S .— O f the p re fe rre d s t o c k , $42 0,00 0 unissued is
reserved to retire the $400,000 5 % b o n d s o n the Jo h n S te p h e n so n & C o.
plant due D e c. 31 1925, bu t s u b je c t to call a t 105.
N o oth er bond ed d ebt
and n on e ca n be c r e a te d w ith o u t the a p p ro v a l o f 7 5 % o f p re fe rre d s to c k .
D I V I D E N D S .— On p re f. s t o c k . M ay 1907 to N o v . I 1909, 7 % y e a rly
( Q .- F .) .
O n c o m m o n , Jun e 1907 to M arch 1908, 1% q u a r.; Jun e an d Sept.
190 8, \4 o f 1 % ; In O ct. 1908 the d iv id e n d w as d e fe rre d .
V . 87, p . 1009.
R E P O R T .— F o r cal. y e a r 1908 In V . 8 8 , p. 99, s h o w e d : G ross, $ 3 ,8 4 5 ,­
173; net o v e r d e p r e c ., $90 ,740 ; a d ju s tm e n ts , in t ., A c ., $ 30 ,644 ; d iv . o n p re f.
s to c k ( 7 % ) , $ 32 0,60 0; d lv . o n c o m . ( 2 % ) , $ 10 0,00 0; b a l., d e f ., $ 36 0,50 4.
P r e s ., Jam es Itaw le; T r e a s ., E d w ard B rill: S e c ., M . H erm an B rill.—
( V . 86, p . 1102; V . 87, p . 1090; V . 8 8 , p . 508, 999; V . 89, p . 350 .)
B R O O K L Y N B O R O U G H G A S C O .— V . 8 1 , p . 1102.
B R O O K L Y N F E R R Y .— S e e N e w Y o r k T e rm in a l, Issue Ja n . 1909.
B R O O K L Y N U N IO N G A S .— In c o r p o r a te d In N . Y . S ta te S e p t. 9 1895,
per plan V . 61, p . 831 , and V . 62, p. 1141; V . 64, p. 887; V . 80, p. 1854.
S u it to test v a lid it y o f 8 0 -c e n t gas law , V . 82, p. 1042, 1103, 1214.
S T O C K , & c.— S to c k was a u th o riz e d D e c. 30 1903 to be in crea sed fro m
$ 1 5 ,0 0 0 ,0 0 0 to $2 0 ,0 0 0 ,0 0 0 fo r e x te n sio n s and Im p ro v e m e n ts, an d c o n v e r ­
sion o f $ 3 ,0 0 0 ,0 0 0 d eb en tu res w h ich m a tu red M ch . 1 1909.
V. 88, p. 508.
D I V S .—
11898-1900 1901-1903 1904 1905 1906 1907 1908 1909
P e r c e n t -----------------1 6 y e a r ly
8 y e a r ly
0 )4
8
3
0
5 )4
6
B O N D S .— M ortg age o f 1895 is fo r $1 5 ,0 0 0 ,0 0 0 o f b o n d s, s u b je c t to:
Bonds—
Interest.
O utstanding.
M a tu r ity .
C itiz e n s 'G a s c o n . m o r t g a g e -5 % F . & A .
$ 2 6 4,00 0
F e b . 1 1940
U n ion G as. L . c o n . m t g c
5% J. & J.
3 8 ,0 0 0
Jan . 1 1920
R E P O R T .— R e p o r t fo r ca le n d a r y e a r 1908, In V . 88, p. 682, s h o w e d :
G ross, $ 7 ,9 7 7 ,8 9 4 ; n e t , (o v e r ta x e s ), $2 ,6 6 8 ,9 1 8 ; o th e r In com e, $12 2,44 3;
Insurance, $45,950; Interest o n b o n d s, $92 0,32 0; d iv id e n d s ( 5 ) 4 % ) , $ 8 3 9 ,­
520: d e p r e c ia tio n a n d c o n tin g e n c ie s , $ 1 ,0 2 2 ,7 8 5 ; b a l., d e f ., $37 ,214 .
P r e s ., Jam es Jou rd a n ; T r e a s ., E . It. C h apm an .
O ffice , 180 R em sen S t.,
B r o o k ly n , N . Y . — (V . 87, p. 228, 1535: V . 88, p. 508, 682, 688.)

I N T E R E S T OR D I V I D E N D S
R ate
%
5 g
5 S
See

te x t
4 g
5 g
5
6 In 1909
5 in 1908
5 e
6 g
5 g
5 g
See te x t
80 in ’08
4 in 1909
3 In 1909
5 g
8 in 1908
See te x t
7 n 1909
6 g

W hen
P a yable
J
M

W here

P a y a b le
W hom

and

A D Fisk A R o b in s o n , N Y
A S
do
do

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pal, W hen D u e .
S tocks— Last
D ivid en d
Ju n e 1 1932
Jan 1 1926

See te x t
J u ly 1’ 0 9 , 2 ^ %
A A O Kn 1 k e r b o c k e r T r C o , N Y A p r 1 1952
c
J
A
J T itle G uar A T r C o , N Y Jan 1 1955
50 years
Q— J
Checks m ailed
O c t 1 '0 9 , 1 )4
Q— F
do
N o v 1 '0 9 ,1 A %
J
A D U S M o rt A T r C o, N Y Jun e 1 ’ 1 0 -’ 51
J A
I) 30 B ro a d S tre e t, N Y
Ju n e 1 1934
F A A
do
do
A u g 1 1933
F A A
do
do
F eb 1 1935
Q — M C h ecks m ailed
S ept 1 ’09, )4 %
Q— M
S e p t 2 9 ’ 0 9 ,3 2 %
A A O Checks m ailed
O ct 1 ’ 0 9 , 2 %
F A A
do
A u g 15 ’ 09, 7 5 c
J
A D G irard T ru s t C o , P h lla
Ju n e 1 1939
O ffice , 36 W a sh P I, N Y O ct 1 ’ 09, 1)4
Q— J
See te x t Checks m ailed
S e p t 1907, >A%
See te x t
do
S ep 1 ’ 09, 3 A %
M

A

N B aring A C o , N ew Y o r k M ay 1 1919

7 in 1909
Q— J
Checks m ailed
A
A O C entral T ru st C o , N Y
5 g
6 g
M A N N at P a rk B a n k , N Y

O c t j 1 ’ 09,1 *A%
A p r 1 1925
M ay 1 1913

B U T T E R I C K C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in N . Y . o n Ja n .
l o 1902. O w ns s to ck s o f v a riou s co s. p u b lish in g fash ion m agazines, m a n u ­
fa ctu rin g p a p e r p a tte rn s, A c . S ec o fficia l s ta te m e n t In V . 75, p. 237 . S t o c k
w as o n O ct. 19 1909 a u th o r iz e d t o be increased fro m $ 1 2 ,0 0 0 ,0 0 0 t o $ 1 5 .­
000 ,0 0 0 , t o a cq u ire th e R Id g w a y P u b lish in g C o . D iv . 1 % q u a r .. S e p t. 1902
t o S e p t. 1907, b o t h in cl.; 1908, Ju n e, ) 4 % ; S e p t ., ) 4 % ; D e c ., A % ; 1909,
M ch ., ) 4 % ; J u n e , ) 4 % ; S e p t ., ) 4 % .
U n d erly in g b o n d s , $ 1 ,2 0 0 ,0 0 0 F e d ­
eral P u b . C o. c o ll. 6s due 1920; p a y a b le 10 % y e a riy b e g in n in g 1910, o f w h ich
$60 0 ,0 0 0 has been retired, a n d $60 0,00 0 B u tte rick P u b . C o. 4 ) 4 % real e s ta te
m t g e ., m a tu rin g S e p t. 7 1914; o th e r real e sta te m tg e s ., $11 0 ,0 0 0 . V . 79,
p . 1706. R e p o r t fo r y e a r 1908 in V . 8 8 , p. 747, sh o w e d p r o lits , $ 3 4 1 ,5 4 7 ,
a g s t. $25 9,67 8 in 1907 a n d $360,511 In 1906; d lv s . (1)4%), $ 18 0,00 0; b a l.,
s u r ., $16 1 ,5 4 7 .
P re s., G . \V. W ilder; T r e a s ., C. D . W ild e r, B u tterick
B ld g ., N . Y . C it y .— (V . 89, p. 921 , 1070.)
C A L U M E T & H E C L A M I N I N G . — S to c k , $2,5 0 0 ,0 0 0 ; p a r , $25. C o n tr o ls
La Salle C o p p e r C o ., a co n s o lid a tio n Ja n . 1907, w ith $1 0 ,0 0 0 ,0 0 0 a u th oriz e1
1
s to c k .
V . 84, p . 223: V . 8 5 , p . 280. A ls o a c q u ir e d In 1907 a large Interes®
In the A llo u e z , C en ten n ia l C o p p e r an d O sceola C on sol. M ining, a n d o th e r c o s .
a n d In F e b . 1909 a d d itio n a l h o ld in gs fo r $ 8 ,5 1 9 ,0 0 0 , o n a c c o u n t o f w h ich
w ere so ld $ 4 ,1 2 5 ,0 0 0 4 % an d $1,6 8 5 ,0 0 0 5 % 3 to 1 0 -ye a r n otes re d e em a b le
a t p ar and 102 r e s p e c tiv e ly ; $950,000 3 -y e a r 5 % n o te s a n d $ 1 ,0 0 0 ,0 0 0 5 %
3 to 1 0-year n o te s re d . at p ar, the rem a in d er, a b o u t $80 0 ,0 0 0 , b e in g paid
In cash .
V . 88, p. 688; V . 84, p. 452; V . 85, p. 280; V . 88, p . 686, 566.
D I V I D 'D S .— I ’ 99. ’ 00. ’0 1 . ’ 02. '0 3 . ’ 04. ’ 05. ’ 06. ’ 07. '0 8 .
1909.
P e r c e n t -------------\ 400 280 180 100 140 160 200 280 260 80 20 24 32 (-)
In 1908-09 p r o d u c e d 41,4 0 8 tons o f relin ed c o p p e r , a ga in st $39 ,490 in
1907-08. R e p o r t fo r y e a r e n d in g A pril 30 1909 In V . 89, p . 2 8 2 .— (V . 8 7 ,
p . 937: V . 8 8 , p . 377 , 566, 688 , 1315; V . 89, p. 282 , 595.)
C A A 1 B R IA S T E E L C O .— I n c o r p o r a te d In P e n n s y lv a n ia In N o v . 1898, per
plan , V . 67, p . 688, leasin g C a m b ria Iro n C o. fo r 999 y e a rs a t 4 % o n $ 8 ,4 6 8 ,­
000 s t o c k .
V . 68, p. 128; V . 75, p. 443 ; V . 7 6 , p . 862; V . 78, p. 1166.
In Ju n e 1901 a c o n tr o llin g Interest w as a cq u ire d b y P e n n . R R . an d a f ­
filia te d road s. V . 72, p . 1282, 1190; V . 73, p. 84. 393; V . 8 2 , p. 1499.
D I V I D E N D S .— S in ce r e o r g .: 1902 to A u g . 1909, In cl., 3 % y e a r ly .
B O N D S .— T h e M a n u fa ctu re rs’ W a te r C o. g u a ra n te e d Ilrst m o rtg a g e
b o n d s ($ 4 ,0 0 0 ,0 0 0 a u th o riz e d Issue) are r e d e e m a b le o n a n y Interest d a y a t
101 an d in terest o u t o f the sin k in g fu n d ($ 1 5 0 ,0 0 0 y e a r ly , begin n in g 1912),
an d also a t 102 )4 In b lo ck s o f n o t less than $ 5 0 0 ,0 0 0 .
V . 88, p . 1376.
R e p o rt fo r 1908, w ith b a la n ce s h e e t, w as In V . 8 8 , p. 746, s h ow in g: N et,
$824,159; o th e r In co m e , $ 1 ,0 6 7 ,6 9 0 ; c h a rg e s, $ 39 8,09 3; d iv id e n d s ( 3 % ) ,
$ 1 ,3 5 0 ,0 0 0 ; d e p r e c ia tio n fu n d , 5 10 0,00 0; b a l., s u r ., $ 43 ,756 .
O ffic e , A r ­
ca d e B k lg ., P h ila d e lp h ia .
D ire cto rs, V . 73, p. 3 3 9 , 84 4 .— (V . 88, p . 1375.)
C A R L I G H T I N G A P O W E R C O .— O R G A N I Z A T I O N .— In c o r p o r a te d
in M aine D e c. 28 1908 as s u cce sso r o f the C o n so lid a te d R a ilw a y . L ig h tin g A
B U F F A L O G A S .— O rga n ized In O ct. 1889 an d c o n s o lid a te d the B uffalo
R e frig e ra tin g C o. p er plan In V . 87, p. 1239, 1360; V . 88, p . 55. S to c k
C ity G as C o. an d B u lla lo Gas L ig h t C o. S ee listing, V . 77, p. 34.
D ecision ,
a u th o riz e d , $ 8 ,0 0 0 ,0 0 0 ; par o f sh ares, $25 e a c h .— (V . 8 8 , p. 750.)
V . 86, p. 1616. S to c k , c o m m o n , $ 7 ,0 0 0 ,0 0 0 ; p r e f., 6 % n o n -c u m ., $ 2 ,0 0 0 ,­
C E L L U L O I D C O M P A N Y — O R G A N I Z A T I O N .— In c o r p o r a te d N o v . 28
000 , o f w hich $ 1 ,7 1 3 ,0 0 0 ou tstan d in g- par, $100.
1890 In N ew J e rse y . S to c k , $ 6 ,0 0 0 ,0 0 0 ; issu e d , $ 5 ,925,000 ; p a r , $100.
Ja n . 1 to J u ly 31 1909, n e t, $14 9 ,6 7 9 . R e p o r t fo r 9 m on th s en d in g Ju n e 30
1908. In V . 8 7 , p. 1662, s h o w e d : N e t, $22 8,65 8; in terest o n b o n d s, $ 2 1 7 ,­
D I V I D E N D S .—
J '9 6 . ’ 97. ’ 98. ’ 99. ’ 00. ’ 01. ’0 2 -’ 08.
1909.
687; b a l., s u r ., $10 ,9 7 1 . A . C. H u m p h re y s , 31 N assau S t ., P re s.— (V . 84,
P e r c e n t -------------------- 1 4 ) 4
4 4)4
6
7
7 8
y ’ly . 1)4 l 'A 1 A (— )
p. 273; V . 85, p . 43, 1404, 1515; V . 87, p. 1662.)
F a ctories a t N ew ark , N . J .; o ffic e , 30 to 36 W a sh in gto n P lace, N . Y .
P r e s ., M. C. LelTerts; V .- P . , L . E. L e lfcrts; 2d V . - P . , D . G . M aynard; T r e a s .,
B U F F A L O & S U S Q U E H A N N A IRO N C O — O R G A N I Z A T I O N .— I n ­
F . R . L elfcrts: S e c ., ------------------------------.— (V . 82, p . 754.)
c o r p o r a te d in N ew Y o r k M ay 14 1902 an d ow n s a t S o u th B u iralo, N . Y . ,
tw o blast fu rn aces h a v in g a c a p a c ity o f a b o u t 700 tons o f p ig Iron d a lly .
C E N T R A L F I R E W O R K S C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in
L eases fo r 50 years o r e lands In M csaba ran ge, n ear H lb b in g , M in n., an d in
N ew Je rse y Ju n e 1896. P ro p e rtie s c o n tr o lle d , see V . 72, p . 341.
M en om in ee range a t Iron M ou n tain , M ich .; also leaseh olds o n o re lands at
D I V S .—
/A u g . '00 to A u g . ’03. ’ 04. '0 5 . ’ 06.
1907.
'0 8 . 1909.
Iron R iv e r , M ich .
C om p a n y m in es its o w n co a l an d m a n u fa ctu res its ow n
C om m on — % )
2 % y e a r ly .
A
2 lE il(^ M -S )
0
0
c o k e from c o a l lands a t T y le r an d S y k e s, P a .
P referred _ _ % J In fu ll to S e p t. 1907.
o
7
A p p lic a tio n s to list, s h ow in g p r o p e rtie s , bal. sh e e t O ct. 31 1907, A c ., w ere
T h ere are no b o n d s.
P re s., W m . A . T u rn er; S e c. a n d T r e a s ., G eo. T .
In V . 83, p . 101, a n d V . 85, p . 1524. S t o c k , $1,00 0 ,0 0 0 ; par, $100, paid in
E g bert.
O ffic e , 10 P a rk P la c e , N . Y . — (V . 8 6 , p . 605; V . 88. p. 750 .)
a t par In cash .
C E N T R A L F O U N D R Y . — I n c o r p o r a te d In N ew J ersey o n J u ly 11 1899
B O N D S .— T h e 1st m tge. 5s are s u b je c t to call as an en tire Issue a t 107 'A;
and a cq u ire d m a n u fa cto rie s o f soli p ipe said to c o n tr o l 95%, o f trade In the
also at p ar fo r sin k in g fu n d In o r d e r o f th eir n u m b e rs, be gin n in g a t the low est
U. s . ; V . 69, p. 178; V. 71, p. 1222; V . 81, p . 779; V. 83, p. 489; V . 8 5 , p .
n u m b er, a t the rate o f $100,000 y e a r ly fro m Jun e 1 1907 to June 1 1931,
525.
O w ns all $ 1 ,0 0 0 ,0 0 0 C en tral Iro n A C oal C o. s to c k an d $200,000
b o th Inclu sive. $100,000 re d e e m e d In Ju n e 1907 to 1909, le a vin g $ 2 ,­ C entral R a d ia to r s t o c k . S to c k , see ta b le a b o v e .
O f the d e b e n tu re 6s o f
700 ,000 ou tsta n d in g . A s to the d e b e n tu re s, s e c V . 8 2 , p . 220; V . 85, p.1524.
1899 sh ow n a b o v e as o u ts ta n d in g , $29 6,00 0 w ere o n D ec. 31 1908 held In
L A T E S T E A R N I N G S .— F o r 3 m o s. e n d in g J u ly 31 1909, net earn in gs,
the treasury as an In vestm en t,
in 1908 there w ere sold $ 1 ,0 0 0 ,0 0 0 C entral
$15 8,43 5; b o n d In terest, $52,917: b a l., s u r ., $10 5,51 8.
Iron A Coal C o. b on d s o f an a u th o rize d Issue o f $ 2 ,0 0 0 ,0 0 0 3 0 -y e a r 6s iluc
Year ending A p r il 30 — 1909.
1908.
1907.
1906.
A u g. 1 1938 (n o t g u a r a n te e d ), b u t s u b je c t t o call a t 105; Int. paid F . A A .
N et e a r n in g s ............................ $246,336
$868,114
$71 3,06 6
$427,124
at o ffic e , 37 W all S t. V . 87, p . 482 , 547. F iscal ye a r e n d s D e c. 31. R e ­
B o n d In terest.......................... 215 ,417
220 ,4 1 7
216 ,670
141,471
port fo r 18 m os. e n d in g D e c. 31 1908 w as In V . 88, p . 820, sh o w in g : P rolits,
$474,678; b o n d Interest, $347,670; m ain ten an ce a n d re p la ce m e n ts, $ 1 3 3 ,­
S u r p lu s .................................. $.<0,919
$647,697
$496,396
$285,653
259; b a l., d e f ., $ 6 ,2 5 1 .
N et earnings o f C en tral I,. A C. a n d C en t. R a d .
W m . A . R o g e rs , P r e s .; S. M. C le m e n t, V .- P .; C. W . G o o d y e a r , 2d V .- P .;
co s. o v e r ch arges w ere $115,541 a d d itio n a l.
D irectors A u g. 1907, V. 85,
H . D . C arson , S ec. an d T re a s.— (V . 88, p . 1439.)
p . 602.
P re s., A u gu st H cck sh cr; S e c ., S. W a tts B o w k er; T r e a s ., E dw ard
B U SH T E R M IN A L C O M P A N Y .— O R G A N I Z A T I O N , A c .— I n c o r p o r ­
H . F en nessy; C o m p tro lle r an d T ra n sf. A g t., A . H . M in er. O ffic e , 37 W all
a te d In N ew \ ork on F eb . 10 1902 (V . 74, p . 4 7 7 ).
O w ns e x te n s iv e te r m i­ S t., N . Y .— (V . 88, p. 750, 820.)
nals o n the w a te r fr o n t, 40th to 51st str e e ts , B r o o k ly n , c o v e r in g c it y b lo ck s,
C E N T R A L L E A T H E R C O .— O N G A N I Z A T I O N — In c o r p o r a te d In N ew
6 piers, each ) ( m ile In len gth , a large n u m b e r o f w arehouses, railroad
Jersey .on A p ril 12 1905 as a re o rg a n iz a tio n , p er plan V . 79, p. 2751, o f tho
track s, A c .; also real esta te co v e r in g 9 b lo ck s b e tw e e n 28th and 37th S ts .,
U . S. L ea th er C o. (V . 5 6 , p. 757; V. 57, p . 23; V . 71, p . 817; V . 81, p. 213,
to be Im p rov ed w ith fa c to r ie s and o th e r b u ild in gs. S ee sta te m e n t in V . 76,
560, 1176, 1852).
O u tp u t, sole leath er. T h e o ld U . S. L ea th er preferred
p. 974, 1032; V . 77, p. 1227; V . 79, p. 1956; V . 82, p . 1039; V . 88, p . 163.
s to c k per $100 re ce iv e d In new secu rities 550 b o n d s, $50 preferred an d $23 50
S E C U R I T I E S .— S to c k a u th o riz e d , $ 7 ,0 0 0 ,0 0 0 c o m m o n (par o f shares
c o m m o n s to c k (e x c e p t a b o u t $4,500,000 w hich re ce iv e d the e q u iv a le n t o f
$100 e a c h ), o f w h ich $3,5 0 0 ,0 0 0 is o u ts ta n d in g , the b a lan ce be in g reserved
a b o u t 5130 p er share) an d the o ld co m m o n $30 In new c o m m o n s to c k . In
fo r the co n v e rs io n o f 1st 4s o f 1902 a t o p t io n o f the h olders, do lia r fo r d o lla r,
O ct. 1909 m ost o f the $6 2 ,8 8 2 ,3 0 0 c o m m o n and $ 6 2 ,282 ,30 0 U . S. L ea th er
up to Jan . 1 1910.
D iv . on p r e f., 5 % , paid F e b . 1906; F e b . 1907, 2 4 * % ;
p r e f. s to c k (6 % d lv s. paid o n latter) had be e n a cq u ir e d . S ta te m en t to
F eb . 1909. 2 ) 4 % ; J u ly , 2 ) 4 % ( s .-a .).
N . Y . S to c k E x ch a n g e , V . 8 1 , p . 504; V . 82, p . 159.
O f the 5 0 -y ea r co n s o l. 5s, $ 3 ,3 7 1 ,0 0 0 are reserved to retire the 1st 4s
T h e s to ck h o ld e rs v o t e d J a n . 16 1907 to take o v e r the assets o f the U . S .
o f 1902 an d $617,000 fo r a real esta te m tg e . S ee listing a p p lic a tio n , V . 88,
L ea th er C o. b y m erger a n d o n S e p t. 24 1909 ratified the a m e n d e d ch a rter
p. 163; V . 79, p. 1956; V . 80, p. 999, 1005, 1177: V. 81, p . 1243.
t o m eet the o b je c tio n raised b y the c o u r ts .
V . 89, p . 227 , 472 , 595, 724,
T h e stock h old ers w ill v o te N o v . 29 1909 o n g u aran teein g $ 1 2 ,000 ,00 0
780, 849, 1070.
5 0 -yea r sin k in g fu n d 5 % b o n d s o f th e B ush T e rm in a l B u ilding C o ’ s (ch an ged
S T O C K A N D B O N D S .— O f the se cu rities, $13 ,8 5 8 ,3 5 0 b o n d s, $ 8 ,8 5 8 ,­
fro m B ush L a n d C o.) secured b y m tg e . t o C o lu m b ia T ru s t C o . o f N ew Y o r k
850 p re f. and $29 8,96 9 co m m o n s to ck w ere reserved to retire the old
as trustee o n p r o p e r ty betw een 28th a n d 37th s ts. a n d 2d an d 3d a v e s .,
d eb en tu res a n d fo r a d d itio n a l p rop erties, w o rk in g c a p ita l, A c . T h e new
B r o o k ly n , a n d p r o p e r ty hereafter a c q u ir e d . T h e b o n d s w ill p r o b a b ly be
b o n d s w ill be se cu re d b y a 1st m tg e . o n all the assets and lands a cq u ire d
d a te d D e c. 1.
A b lo c k w ill be sold t o refu nd the $60 0,00 0 co n s o l. 5s due
a n d , pe n d in g th eir p h y sica l a cq u is itio n , b y the shares o f o ld c o m p a n y
A pril 1 1910 a n d the rem ain der reserved fo r Im p ro v e m e n ts an d a d d itio n s .
(n ca rlv all a cq u ire d ) an d all the s to ck and b o n d s o f Its su b sid iaries, In clu d­
V . 89, p . 848.
ing the $9,0 0 0 ,0 0 0 1st m tge. 5 % 1 5-year sin k in g fu n d g o ld b o n d s an d $ 1 0 ,­
E A R N I N G S .— F or 6 m o n th s e n d in g June 30 1909, gross, $ 56 6,31 5, a g st.
000,000 s to c k o f the C entral P en n sylva n ia L u m b e r C o. (au th orized a m ou n t
$469,281 In 1908: n et, $43 1,25 2, a g s t. $321,822; o th e r Incom e, $17,670;
$ 2 0 ,0 0 0 ,0 0 0 ).
V . 76. p. 1196; V . 78, p . 50; V. 8 1 , p . 1176.
Int. a n d ta x e s , $26 4 ,9 8 2 ; b a l., su r ., $18 3,94 0.
D eben tu res o f U . S. L e a th e r C o. have sin k in g fu n d 4 % o f issue y e a r ly
R E P O R T fo r y e a r en d in g D e c. 31 1908, In V . 88, p . 941, s h o w e d : G ross,
and are pu rch ased o r draw n a t 110, $ 9 ,6 5 3 ,0 0 0 h a ve been ce rtlile d , b u t In
$95 2,14 0; n e t, $68 3 ,5 5 8 ; o th e r in c ., 543 ,643 ; ch a rge s, $ 52 4,19 0; d iv . o n pref.
Jan . 1909 o n ly $ 4 ,2 8 0 ,0 0 0 o u ts ta n d in g .
V . 7 4 , p . 732; V . 57, p. 23.
( 2 A % ) , $ 3 7 ,5 0 0 ; b a l., s u r ., 516 5 ,5 1 1 .
P re s ., Irvin g T . Bush; T r e a s ., R .
D I V I D E N D S .— O n p r e f., O ct. ’ 05 to O c t . ’09. b o th In cl., 1 >A% qu a r.
G ou ld S lm on d s; S e c ., H . W . G reen e.
O ffic e , 100 B road S t., N . Y . — (V . 86,
A N N U A L R E P O R T .— Fiscal y e a r ends D ec. 31.
R e p o rt fo r y e a r e n d in g
p. 1040; V . 88, p. 103, 161, 163, 941 , 1256, 1439; V. 89. p. 239 , 84 8 .)
D e c. 31 1908, w ith bal. sh e e t an d re p o rt o f U . S. L e a th e r C o ., w as In V . 88,
B U T T L JE L E C T R IC & P O W E R C O — See page 170.
p. 561, s h ow in g: T o ta l in com e o f C entral L ea th er C o ., $4 ,4 8 2 ,9 7 5 ; e x p ., In t.,




IN T E R E S T OR D IV ID E N D S .

M IS C E L L A N E O U S.
F or

e x p la n a tio n

of

c o lu m n h e a d in g s ,
fir s t p a g e o f ta b les.

D a te
& c .,

see

n o tes

on

$ 1 4 ,0 0 0 ,0 0 0 -C o m m o n s to ck
6 % cu m u la tiv e (p referred also as to a s s e ts )- - - trust g old $ o r £ ---------------------------- . ’f
an d c oll trust ref g o ld b on d s $ 1 4 , 000 , 000 - S .c A r
esta te Im p rov e m e n t m tg $ 3 ,0 0 0 ,0 0 0 g red a t 10 j
C h i c a g o P n e u m a t i c T o o l C o — S t o c k $ 7 ,5 0 0 ,0 0 0 --------------------First m ortg a g e g old red eem a b le (see t e x t ) -------— ■ - - C h i c a g o ( B e l l ) T e l e p h o n e — S to c k $ 3 0 , 0 0 0 , 0 0 0 a u th o rize d
_
1st m tg $0 0 ,0 0 0 ,0 0 0 gold red 105 b e g D e c 1 1 9 1 3 - F L . c A r
C la f lin (H B ) C o m p a n y — C om m on s t o c k — - — - — ■
■
— --­
First preferred 5 % gold c u m u la tiv e , .(p r e fe r r e d as to prln .
S econ d p referred 6 % c u m u l a t i v e . \ an d d iv id e n d s .
C o l o r a d o F u e l & I r o n — C o m m o n s to c k $4 6 ,2 0 0 ,0 0 0 a u th —
P referred s to c k 8 % c u m u la tiv e $ 2 ,0 0 0 ,0 0 0 ---------- - - - - ­
D eben tu res red eem a b le a t 105 (V 7 2 , p 0 9 0 )-------I C . c Ar
C o lora d o Fuel C o's general m o rtg a ge gold s f red 110 M p . c *
C ol Fu el A Iron gen M $ 6 ,0 0 0 ,0 0 0 g o ld s f red 105_-Cc.c* A r
C ol In du s first M gold ser A A B gu a r p & I call 1 0 5 _ N .c * A r

of
B onds

1901
1889
1893
1904

$100
100
100
1,000
1,000 A c
1,000
100
1,000
100
1,000
100
100
100
100
100
1,000
1,000
1,000
1,000

1889
1901

1,000
1,000

1887
1906
1897

1,000
1,000
& £
100
1,000

C e n t r a l & S o u t h A m e r i c a n T e l e s : — S to c k a u th
C h i c a g o J u n c t io n R y s & U n io n S t o c k Y a r d s —

P referred
C ollateral
M ortgage
F irst real

B o n d s o f P r o p e r ti e s C o n tr o lle d .

G rand D iv er Coal A C oke 1st M g o ld ($ 1 2 5 ,0 0 0 guar) _C c.c*
I to c k y M ountain Coal A Iro n first m tg e g old g u a r a n te e d -. K
C o l & H o c k C & I — P ref s t o c k 6 % n o n - c u m $ 5 0 0 ,0 0 0 ----------F irst m ortg a g e gold (old 6s Interest r e d u c e d )---------C c .c *
C oll tr p u r m on ey & M b o n d s $ 1 ,0 0 0 ,0 0 0 g s f red 1 1 0 . B a .c
C om m ercia l C a ble C o — 1st M (Inc d e b s tk )$ 2 0 ,0 0 0 .0 0 0 g F .c A r
C om m on wealth E d is o n — S to c k t o be $ 4 0 ,0 0 0 ,0 0 0 ------------------C ld c E d 1st M gold red p a r a fte r 1910 (V 8 5 , p 1 6 3 )-------

S iz e , or
Par
V a lu e

1890
1900
1908
1901
1908

1896

A m ount
O u tsta n d in g

33

571 .000
500 .000
500.000
0 00 ,000
0 0 0 ,0 0 0
958 .0 0 0
4 4 8 ,8 0 0
932 .0 0 0
000 ,0 0 0
0 0 0 ,0 0 0
8 29 ,100
6 00 ,300
570,600
235 ,500
,000,000
,003,000
440 .0 0 0
,438,000
,990,000

W h en
P a y a b le

6 in 1909
8 in 1909
6 In 1909
5 g
4 g
5
See t e x t
5 g
See t e x t
5 g
8 In 1909
5 In 1909
6 in 1909

Q— J
Q— J
i— J
J '&
J
A
& O
M A
S
Q— J
J
&
J
Q— M
J
A D
Q —-J
Q— f
Q— F

O ffice 66 B r o a d w a y , N Y
O ffic e , 25 B ro a d S t, N Y
do
do
Cen tral T r , N Y : & L o n d
S ta n d a rd T ru s t C o , N Y
do
do
C h eck s m ailed
N a t C ity B a n k , N Y
_________________________
N ew Y o r k a n d C h icago
C h ecks m ailed
do
do
do
do

F
M
F
F

F eb
Aug
See t e x t
M e tro p o lita n T r C o , N Y M ay
Chase N a tio n a l B k , N Y F eb
N ew Y o r k T ru s t C o , N Y A u g

5
6
5
5

g
g
g
g

892 .0 0 0
6 g
585 .000
5 g
500 .000 6 in 1909
691 .000
5 g
1 ,0 0 0 ,0 0 0
6 g
2 0 ,0 0 0 ,0 0 0
4 g
6 In 1909
See t e x t
5 ,5 0 0 ,0 0 0
5 g

A
A
&
&

A
N
A
A

W h ere

P a y a b le ,
W hom

and

by

B on d s— P r in c i­
p a l, W h en D u e .
S to ck s— L a st
D iv id e n d .

R a te

O ct 8 '0 9 ,1 M %
O ct 1 1909, 2 %
O ct 1 '0 9 ,1 ' A %
J u ly 1 1915
A p r 1 1940
M ch 1 1928
O c t 25 '0 7 . 1 %
D e c 31 1921
S e p t 30 '0 9 , 2 %
D e c 1 1923
O ct 15 '0 9 , 2 %
N o v 1 '0 9 ,1 1 4 %
N o v 1 '0 9 ,1 A %

Apr
M ay
O ct
Jan
O ct
Q— J F L & T C o & O ffic e , N Y Jan
N ov
Q— F
A
& O M e rch a n ts’ L & T r C o , Ch J u ly

A
M

& O
& N
Q— J
J
&
J
J
&
J

K n ic k e r b o c k e r T r C o ,N Y
K n ic k e r b o c k e r T r C o ,N Y
C h eck s m ailed
C en tral T r u s t C o , N Y

20 1903
1 1911
1 1919
1 1943
1 1934
1 1919
1 1951
1 '0 9 ,1 Vi %
1 1917
1 1956
1 2397
1 '0 9 ,1 Vi %
1 1926

E A R N I N G S .— F o r 8 m o s . e n d in g A u g . 31 190 9, n e t p ro fits , $27 6,33 5;
A c .. $ 1 ,7 9 3 ,6 8 0 -d lv s . ( 7 % ) , $ 2 ,1 7 4 ,3 0 5 ; b a l., s u r ., $51 4 ,9 0 0 .
G ross earns,
in t. on b o n d s, $78,916; sin k , fu n d , $ 33 ,333 ; d e p r e c ’ n , A c ., $ 8 2 ,1 1 2 ; b a l.,
o f U . S. I.ea th er C o ., $ 2 1 ,2 4 2 ,8 8 4 ; n et o v e r d e p r e c .. $6 ,7 7 9 ,1 9 4 ; in t., ta x e s ,
s u r ., $ 81 ,974 .
A c .. $ 2 ,4 5 0 ,2 8 7 ; p re f. d i v ., 6 % , $3 ,7 3 6 ,9 3 8 ; b a l., s u r ., $ 59 1,96 9.
R E P O R T .— R e p o rt f o r y e a r e n d in g D e c . 31 1908, w ith b a la n c e sh eet
D I R E C T O R S .— E d w ard C. H o y t , A . A u gu stu s H e a ly , W a lte r G . G arrltt,
P . A . V a le n tin e , N a th a n A lle n , E u gen e H o rto n , S am uel P . D a v ld g c , J o h n w as In V . 88, p . 501, sh o w in g : N e t p rofits, $28 9 ,6 2 5 ; Int. o n b o n d s , $ 1 1 9 ,­
J. L a p h a m , R o b e rt E. P a in e , L ew is II. L a p h a m , F ran k H e a ly , L . C. 050; sin k , fu n d , $ 50 ,000 : d e p r e c ia tio n , A c ., $99 ,0 6 2 : b a l., s u r ., $21 ,5 1 3 .
K ra u th o fL G eo. W . C h ilds, C h as. W . A lle n , V an A . W a llin .
O F F I C E R S .— C h airm an o f B o a rd , J o h n R . M cG ln le y ; P r e s id e n t. W . O .
O F F I C E R S .— P r e s ., E . C . H o y t ; S e c ., F re d E . K n a p p ; T r e a s ., Jam es
D u n t le y ; V .- P ., C harles B o o t h ; 2d V . - P . , S. W . P rin ce ; T r e a s ., L e r o y
R . P lu m .
N ew Y o r k offic e s , 45-49 J o h n S t .— (V . 8 9 , p . 849 , 921 , 1070.) B e a rd sle y ; S ec. an d A sst. T r e a s ., W . B . S e e llg. E x e c u tiv e C o m m itte e ,
J . W . D u n tle y , Chas. M . S c h w a b , J . R . M cG ln le y , W . O . D u n tle y a n d W . A .
CENTRAL & SOUTH AA1ERICAN TELEGRAPH.— O w ns ca b le fro m
V e r a C ruz, M c x ., to V a lp a ra iso , C hill, 4,7 5 0 m iles, an d land lines 3,>0 m iles,
M itch e ll.
D irectors (A pril 190 9), C h as. M . S c h w a b , J . W . D u n t le y , W . O .
& c. A lso the T ra n s-A n ilin e te le g ra p h lines, 1,200 m iles. C on n ects a t V era
D u n tle y , J. R . M c G ln le y . W . A . M itch e ll, J u liu s K e lle r, A . W . M a co n och le,
Cruz w ith M exica n T eleg ra p h C o ., an d ow n s an Interest in ca b le a n d d u p llJoseph M ohr an d O liver W r e n .
G eneral o ffic e , F isher B ld g ., C h ica g o : N ew
c a t e ca b le b etw een G a lv e sto n an d C o a tz a co a lc o s , 825 m iles, A c .
N ew
Y o r k o f fi c e , 95 L ib e r ty S t .— (V . 8 8 , p . 297 , 45 4 , 50 1 , 508; V . 8 9 , p. 1070.)
ca b le b etw een N ew Y o r k an d C o lo n , Isth m u s o f P a n a m a , w as co m p le te d
C H I C A G O ( B E L L ) T E L E P H O N E C O .— In c o r p o r a te d in Illin ois Ja n . 14
a b o u t A u g . 1907; o f th is, 738 m iles fro m N ew Y o r k is o w n e d b y M exica n
1881. O perates in C h icago an d n e ig h b o rin g to w n s u n d e r licen se from
T e le g ra p h C o. and 1,563 b y C. & S . A . C o. V . 8 4 , p . 1054, 1117.
A m c r . T e le p . A T e le g . C o ., w h ich o w n s $1 4 ,0 4 9 ,6 0 0 o f the $ 27 ,000 ,00 0
S T O C K .— S tock h old ers v o t e d F e b . 9 1909 to increa se th e a u th o riz e d
s to c k .
N ew fra n ch ise in C h ica go g ra n te d N o v . 1907 e x p ire s Jan . 8 1929,
s t o c k fro m $ 12 ,000 ,00 0 to $ 1 4 ,0 0 0 ,0 0 0 .
V . 88, p . 297, 453.
p ro v id e s th at 3 % o f gross earnings are to be p a id to c it y a n n u a lly . C ity
D I V I D E N D S .—
( '8 5 . '8 6 . '8 7 . ’8 8 -’ 96. '9 7 . 1898 to O c t . '0 9 .
m a y p u rch ase p ro p e rtie s J a n . 1 1919 o r 1924 a t p rice 5 % in e x ce s s o f c o s t
4
6 7 y ’ ly . 0 H 0 y e a r ly ( Q .- J .)
P e r c e n t ......................................... \ 4
o f d u p lic a tio n .
V . 85, p . 1211. S ta tio n s D e c. 31 1908, 231 ,1 8 0 .
V . 8 4 , p . 1184.
In 1890 2 0 % I n s t o c k ; In 1907, 2 5 % in s t o c k .
S T O C K .— S to c k a u th o r iz e d , $ 3 0 ,0 0 0 ,0 0 0 . In O c t . 1908 a s to c k d iv i­
d e n d o f 2 0 % was p a id . Increasing th e a m o u n t o u ts ta n d in g t o $ 2 7 ,0 0 0 ,0 0 0 .
E A R N I N G S .— F or 9 m o s. e n d in g S e p t. 30 1909 (p a r tly e s tim a te d ):
9 M o n th s —
Total I n c .
N et I n c . D iv ( 4 ) 4 % ) B a l.,s u r .
D I V I D E N D S .— D iv id e n d s ,fo r m an y years 1 0 % y e a r ly , w ere In D e c. 1908
1909 (p a rtly e s t im a t e d )______ $ 1 ,2 0 3 ,0 0 0 $71 7,20 0
$430,695
$286,505
r e d u ce d t o 2 % q u a rte rly ; 1909, M ch ., 2 % ; Ju n e, 2 % ; S e p t ., 2 % .
1908 (p a rtly e s t im a t e d )______ 1 ,240,500 771 ,500
432 ,182
339,319
B O N D S .— B on ds a u th o riz e d , $ 5 0 ,0 0 0 ,0 0 0 .
In 1908 $ 5 ,0 0 0 ,0 0 0 w ere
T o ta l surplus estim a ted S e p t. 30 1909, $ 1 ,6 2 9 ,5 2 5 .
N o a d d itio n a l b o n d s c a n be Issued until a fte r D e c. 1 1909; then at
R e p o r t fo r y e a r en d in g D e c. 31 1908, In V . 88, p . 942, sh o w in g : G ross ea rn ­ s o ld .
rate o f $ 5 ,0 0 0 ,0 0 0 y e a rly . A m o u n t o f b o n d s c a n n o t e x c e e d 5 0 % o f to ta l
ings, $1 ,6 6 4 ,5 0 6 ; net, $1 ,0 1 5 ,8 6 3 ; d lv s . ( 6 % ) , $57 4,26 0; ren ew als, d e p r e c n,
assets, n o r m ore th an 6 0 % o f the real esta te an d c o n s tr u c tio n a c c o u n ts .
A c ., $11 3,07 6: b a l., su r., $ 3 2 8 ,5 2 7 . O ffic e , 66 B ’ w a y . — ( V . 89, p . 921.)
S u b je c t to these lim ita tio n s , fu rth e r a m o u n ts m a y be Issued u p to 7 5 % o f
CENTRAL UNION TELEPHONE (INDIANA) .— T h e c o m p a n y c o n tr o ls
the c o s t o f Im p rovem en ts an d e x te n sio n s.
V . 8 7 , p. 74 2 . 1607.
th e Bell telep h on e business In In d ia n a , In O hio w ith the e x c e p tio n o f C le v e ­
R E P O R T .— R e p o r t fo r y e a r e n d in g D e c. 31 1908 in V . 88, p . 1555,
land an d C in cin n ati, and In Illinois e x c e p tin g C o o k and fo u r o th e r c o u n tie s .
sh o w e d : G ross e arn in gs, $ 8 ,7 4 1 ,5 1 7 ; n e t, $2 ,0 7 3 ,3 4 1 : d iv id e n d s (9 H % > )
S u b scribers Jan . 1908, 193 ,741 . V . 87, p . 93. S to c k o u ts ta n d in g S e p t.
$2 ,0 1 2 ,7 9 0 ; b a l., su r ., $ 6 0 ,5 5 1 .— (V . 88, p . 454 , 1555, 162 3 .)
1908, $5 ,4 5 0 ,9 2 7 ; a t last a c c o u n ts $ 4 ,3 1 5 ,5 9 0 w as o w n e d b y A m . T e le p h .
A T elegra p h C o.
V . 73, p. 901. See V . 72, p . 1190; V . 73, p . 618; V 81,
C L A F L IN
( H . B . ) C O M P A N Y . — In c o r p o r a te d u n d e r the laws o f N ew
p . 213.
S u b -licen sees, V . 8 2 , p . 1375; V . 83, p . 98.
O f the $ 6 ,0 0 0 ,­
J ersey in 1890, an d deals in d r y g o o d s .
F r o n ta g e o f b u ild in g 375 fe e t on
000 1 0 -2 0 -y ea r g old c o n s o l. 5s d u e Ja n . 1 1919 (O ld C o lo n y lr u s t C o.
W o r th S t ., N ew Y o r k C ity .
V . 71, p . 8 3 . A s s o c ia te d M erch an ts’ C o .,
o f B os to n , tru s te e ), $ 2 ,5 0 0 ,0 0 0 are reserved fo r 1st 6s, s u b je c t to
c o n tr o lle d b y U n ite d D ry G o o d s C o m p a n ie s, o w n s $ 4 ,5 0 0 ,1 0 0 o f the
call a t 105 since J u ly 1 1906 (III. T ru st A S av in gs B a n k , tr u s te e ). V . 73,
$ 9 ,0 0 0 ,0 0 0 s to c k . S ee th ose co m p a n ie s.
p. 446; V . 68, i). 379, 472 , 570; V . 71, p . 86.
R e p o r t fo r calen d ar y e a r
D I V I D E N D S .—
11893
1894 to A p ril 1899 J u ly 1899 to O ct. 1909
1907 In V . 87, p. 92, sh o w e d , gross, $4 ,6 1 1 ,4 8 6 ; n e t, $ 1 ,2 4 0 ,8 0 9 ; Interest
C o m m o n ( % ) .................... \ 7 A
6 ( 1 ^ Q .-J .)
8 y e a r ly (Q .-J .)
on b on d s, A c ., $1,1 14,449; b a l., s u r ., $12 6 ,3 6 0 .
P r e s ., L . G . R ich a rd s o n .
R E P O R T .— R e p o r t fo r h a lf-y e a r e n d in g Jun e 30 1909, V . 89, p . 165.
O ffic e , T e le p h o n e B ld g ., In d ia n a p o lis .— (V . 8 5 , p . 3 6 ; V . 87, p . 92.)
N e t. $ 2 9 1 ,8 3 3 , again st loss o f $7,437 in 1908; Interest on 1st and 2d p r e f .,
CHESAPEAKE & DELAWARE CANAL.— O w ns can al fro m D e la w a re
$ 14 2,12 5; d iv . o n c o m . ( 4 % ) , $15 3 ,1 6 4 ; b a l., d e f ., $ 3 ,456
R e se rv e fo r
C ity to C h esapeake C ity, M d.
In Jun e 1893 b o n d h o ld e rs w ere ask ed to a c ­
c o m m o n s to c k Jun e 30 1909, $ 1 ,7 8 1 ,9 9 9 .
c e p t 4 % Interest (In place o f 5 % ) until c o n tin g e n t fu n d , re d u ce d to $49 ,6 1 3 ,
P rofits fo r ca le n d a r y e a r b e fo re d e d u ctin g a n y d iv id e n d s : In 1908, $ 3 0 3 .­
sh ou ld again a m ou n t to $10 0 ,0 0 0 .
In 1907 the U n ite d States C om m ission
250; 1907, $95 9,27 4; In 1906, $ 7 6 1 ,3 7 7 .— (V . 8 8 , p . 18$, 101; V . 8 9 , p . 165 .)
re c o m m e n d e d p urchase o f can al fo r $ 2 ,5 1 4 ,2 9 0 .
V . 85, p . 341; V . 83,
p. 92.
B on d s. $2,6 0 2 ,9 5 0 (e x te n d e d In 1886); d u e J u ly 1 1916; interest
C O L O R A D O
F U E L & I R O N C O . — A C o lo ra d o c o r p o r a tio n fo rm e d In
J. & J.
In terest Is p a y a b le at the o ffic e In P h ila d elp h ia .
R e p o rt fo r
O cto b e r 1892. In Ju n e 1903 R o c k e fe lle r -G o u ld interests assu m ed c o n tr o l.
y e a r en d in g M ay 31 1908 in V . 87, p . 41 2 , s h o w e d : G ross r e ce ip ts,
V 76, p . 1410. A n n u a l c a p a c ity o f finished steel p r o d u c ts to be 550,000
$16 6,20 0; m ain ten an ce o f ca n a l, $58,230; n e t, $ 10 7,97 0; Interest ch arges,
to n s.
V . 73, p . 561; V . 75, p. 1149: V . 79, p . 736; V . 62, p . 461.
810 4,11 8; b a la n ce , surplus, $ 3,852.
S to c k , $ 1 ,9 0 3 ,2 3 8 ; p a r, $50.
P re s.,
U n d er the re o rg a n iza tio n plan o f 1903 (V . 77, p . 2037, 2282, 2341; \ . 79,
C olem a n L . N ich olson .
O ffic e , 528 W a ln u t S t ., P h ila .— (V . 8 7 , p . 412.)
p . 736 , 1267) the C o lo ra d o In du strial C o ., w h ose en tire c a p ita l s to c k is
o w n e d , crea ted an Issue o f $4 5 ,0 0 0 ,0 0 0 co n s o l, first m o rtg a g e gu a ra n teed
CHESAPEAKE & OHIO CANAL.— '“ S u p p .” 1890; V . 8 1 , p . 268.
b o n d s (see be lo w ; also full s ta te m e n t In V . 80, p . 1726; V . 83, p. 378 .)
CHICAGO EDISON CO. — S ee C o m m o n w e a lth E d iso n C o.
B NDS
In .
($ 4 ,0 0 0 0
e
o
CHICAGO JUNCTION RAILWAYS & UNION STOCK Y A R D S — O R ­ th e Or o p e r.— Tfh e C o l.c o mdp ag u a r. 5s are 5fu rth,0r 0 a u th o rizy dd Issue) co fv e r a l l
p
ty o th at
n y an d
e secu red b
e p o s it
$ 1 3 .­
G A N IZ A T I O N — In c o r p o r a te d In 1890 In N ew J e rse y , an d pu rch ased 9 8 %
061 000 o f the $ 14 ,067 ,00 0 d e b e n tu re s o f 1901 an d en tire issues o f secu rities
o f the s to c k o f U nion S to c k Y a rd s A T ra n sit C o . o f C h ica g o .
T h u s c o n tr o ls
o f su b sid ia ry c o s . n a m e d , v iz ., $ 4 ,5 0 0 ,0 0 0 b o n d s an d $ 1 0 0,00 0 s to c k o f
o v e r 450 acres o f land (w ith o n e m ile o f w a te r fr o n t), co n ta in in g w a r e ­
C ol A W y o . R y .: $ 3 ,0 0 0 ,0 0 0 R o c k y M tn . C oal A Iro n s to c k an d $ 3 3 1,20 0
hou ses. sheds and pens to a c c o m m o d a te 75,0 0 0 c a ttle , 300 ,0 0 0 h ogs, A c .
c k an
te s o
rystal R
y.
T h unissued b
In Ju n e 1907 the V a n d e rb ilt (N . Y . C e n t. & H u d . Itlv . R R .) Interests a r ­ s to cabfe d $160,000: n oSeriesf C A ” (lim lv . dR to $14 e 6 7 , 000 ) $1o n d s are a p pH
as fo llo w s
“
ite
0
036 000 to
ran ged to a cq u ire the 46 m iles o u te r b e lt line o f the C h icago J e t. R y ., a s ­
tak e up u n e x clia n g e d c o n v e r tib le d e b e n tu re s; Series B
(lim ited to * 3 0 ,su m in g the $2,5 0 0 ,0 0 0 b o n d e d d e b t an d g iv in g $ 2 ,5 0 0 ,0 0 0 n ew b o n d s in
9 3 2 ,0 0 0 ), $6,0 0 0 ,0 0 0 to retire g e n . m tg e . 5s o f 1893. V . 8 0 , p . 1481, 1720
n avm cn t
V 85, p. 159; V . 86, p. 664 . See C h icago J u n ctio n R y .
V . 8 3 , p. 38 1 , 326; V . 83, p . 377 .
D I V I D E N D S .— O n p r e f., 6 % y e a rly (Q .-J .) .
O n c o m m o n , 1 8 9 1 ,1 0 % ;
R E P O R T .— R e p o rt fo r 1907-08 in V. 87, p. 1008, s h o w e d :^ ^
1892 to O ct. 1 1900, in clu sive, 8 % y e a rly (Q .-J .) .
V . 70. p . 328 ,
B O N D S .— T h e collateral trust b o n d s n.re secu red b y p led ge o f 120.000
1908.
Y ea r en d . J u n e 30—
1909.
1908.
1909.
shares o f the s to c k o f U nion S to ck Y ard s A T ran sit C o . O f the $14 ,0 0 0 ,0 0 0
F uel d e p a r tm e n t_________ 1
f $ 8 ,4 8 6 ,0 8 6 )
f $914,949
4 % b o n d s. $ 1 0 ,000 ,00 0 are reserved to ta k e up th e co lla te ra l trust os. See
V . 70, p . 1251; V . 72, p. 389; V . 86, p. 664 .
In M arch 1908 m ad e $3,0 0 0 ,0 0 0 Iro n a n d steel d e p a r tm ’ ts [$20,344,631 ( 13,175,747 )$ 3 ,1 1 6 ,8 2 9 ( 1 ,833,166
2 9 ,700
R e t a il d e p a rtm e n t_______ J
l
438.047J
l
r e a lty an d Im p rovem en t 5 % in tgc. V . 86, p . 664 , 1409.
R E P O R T .— R ep ort fo r 1908 In V . 88, p. 560.
1906.
T o t a l ...................... ..............$20 ,344 ,63 1 $2 2 ,0 9 9 ,8 8 0 $ 3 ,1 1 6 ,8 2 9 $2,7 7 7 ,8 1 6
1907.
Y ea r ending D ec. 31—
$ 1 ,8 3 3 ,9 3 3
$1,8 6 1 ,8 9 3
B a l. t o Inc. a c c t . a fte r d e d u ctin g gen . e x p e n s e s --$ 2 ,9 0 1 ,0 1 1 $2,5 5 3 ,3 6 7
D iv id en d s o f U . S. Y . C o ., A c .............
1 ,101,499
1 ,314,025
B a lan ce p reviou s y e a r ________________
l,o 4 5 ,3 2 8
O th er Incom e in 1908-09, $44 5,76 1; In terest, ta x e s , ren tals, sin k in g
51,407
60,590
G eneral exp en ses, rents, A c ___________
fu n d , A c ., $ 2 ,4 8 8 ,3 9 6 ; b a l., su r ., $ 85 8,37 6.
660,000
660 .000
In terest on b o n d s _____________________
660 ,000
O F F I C E R S .-* -P r e s ., Jesse F . W c lb o rn ; V . - P . , L . M . B ow ers; S e c .,
910 .0 0 0
910 ,000
D i v i d e n d s _____________________________
910 ,000
R ic h a r d C. H a rt. O flic e , D e n v e r , C ol.
B a la n ce, s u rp lu s ____________________ $1,8 4 3 ,9 4 3
$ 1 ,5 4 5 ,3 2 8
$ 1 ,314,025
D I R E C T O R S .— G * o . J. G o u ld , E. T . JelTery, J . H . M cC lem en t, E d w in
U n . S t k . Y d s . A l l y . C o .—
1908.
1907.
1906.
1905.
H a w le y , W illard P . W a r d , J. F. W e lb o r n , L . M . B o w e rs, F re d e rick T.
G a te s, S tarr J. M u rp h y , II. E . C o o p e r, J o h n D . R o c k e fe lle r J r ., J osep h
G ross e a rn in g s................. ......... $5,202,471 $ 5 ,9 0 3 ,3 7 2 $5,4 7 1 ,8 6 6 $ 5 ,5 3 9 ,0 9 9
N et e a r n in g s .............................. 2,189,924
2,2 2 6 ,6 8 7
2 ,0 3 9 ,9 8 2
2 ,0 4 1 ,7 9 0
C h llberg and J . A . W r ite r .
E x e cu tiv e C o m m itte e , L . M . B o w e rs, I . I .
G a te s, 1). C. B e a m a n , J. A . W r ite r , B c n j. N lc o ll, J. F . W e lb o r n .— (V . 89,
D I R E C T O R S .— N athaniel T h a y e r (P r e s .), F . H . P rin ce ( V . - P .) , G e o . P .
p . 1070.)
G ardn er (1st V .- P .), G ord o n A b b o t t, E. N . Foss o f B o sto n ; G u y N o rm a n ,
C O L U M B I A G A S & E L E C T R I C C O . - ( V . 8 9 , p . 2 2 7 , 3 5 0 , 4 1 3 , 7 2 3 .)
N ew p ort. R . I .; M ark T . C o x o f E ast O ra nge, N . J .; John A . S p o o r , C h ica g o ;
W . D . G uthrie, W m . C. L a n e, N ew Y o r k .
N . Y . o ffic e , 25 B ro a d S t .—
C O L U M B U S & H O C K I N G C O A L & I R O N C O M P A N Y . —- O R G A N I Z A ­
(V . 85, p. 796; V . 86. p . 423 , 664, 1409; V . 88. p. 454 , S60.)
T IO N — O rganized a t C o lu m b u s, O ., Ja n . 26 1883 an d o w n s large c o a l and
C H I C A G O P N E U A 1 A T I C T O O L C O . — O R G A N I Z A T I O N .— In c o r p o r a te d
Iron p rop erties (13,250 acres o f land) In O h io . S ee V .4 4 ,p .2 7 8 ; V . 63, p .5 5 9 .
R e o rg a n iz e d In 1898 w ith o u t fo re clo su re p er plan In V . 65, p . 36 7 , 976 , In­
In N ew Jersey on D e c. 28 1001 an d to o k o v e r the C h icago P n e u m a tic T o o l
terest b e in g red u ced fro m 6 % to 5 % — see e n d ’ t o n b o n d , V . 66, p . 81.
C o. Illinois; B o y e r M achine C o . o f D e tro it; F ran klin A ir C om p ressor C o .,
C o lu m b u s -H o ck ln g OH A Gas C o ., allie d c o ., w as o rg a n iz e d A p ril 1909.
F ran k lin , Pa.; C h isholm A M oore, C levelan d (p n e u m a tic to o l d e p t .); N ew
T a lte -H o w a r d C o ., L o n d o n ; a fterw a rd s a cq u ire d S ta n d a rd P n e u m a tic T o o l
V . 88, p. 1064.
Co A u rora: the P n eu m a tic T o o l C o ., P h ila d elp h ia ; P h ila d elp h ia P n e u m a tic
S T O C K A N D B O N D S .— C o m m o n , $ 7 ,0 0 0 ,0 0 0 (par $10 0 ): o u ts ta n d in g ,
T o o l C o ., Ph iladelphia: C anadian P n e u m a tic T o o l C o ., M on treal; In te rn a ­
$ 6 ,9 2 4 ,4 0 0 : $56 ,700 reserved to retire $18 ,900 rem ain in g 5 % p re f. s to c k .
tion al P n eu m a tic T o o l C o ., L o n d o n , and organ ized In tern ation ale PressV . 72, p . 1185. T h e s to ck h o ld e rs M ch. 30 1906 au th o riz e d $50 0,00 0 o f 6 %
lu ft A E lek trlclta ts-G ese llsch a ft, B erlin.
In 1904 b e g a n to m a n u fa ctu re
n o n -c u m . p re f. s to ck and $ 1 ,0 0 0 ,0 0 0 o f 0 % c o lla t. trust an d pu rch ase m o n e y
ele ctr ic tools an d In 1906 ro ck drills.
M ortg age a ssu m e d , $ 60 ,000 .
anil m tg e . bond s secu red b y $49 9,50 0 o f the $500,000 C ol. A H o c k . C lay A
B rick A jfg. C o .’s s to c k an d $ 1 ,0 0 0 ,0 0 0 o f latters' b o n d s secu red b y 1st m tg e.
D I V I D ’S .— 1'0 2 . ’ 03. '0 4 . ------------------------1905------------------------ ’ 06. ’ 07. '0 8 .
o n o v c t4 !,9 8 4 acres o f land and b y a s e co n d lien o n all th e pro p e rtie s c o v e r e d
7H
A p r ., 1 % ; J u ly , 1 % ; O c t ., 1 % 4
4 N on e
P er c e n t _____ j 6
b y the m ortg age o f 1887, p er plan In V . 8 2 , p. 512. V . 82, p . 931 , 1103,
B O N D S __ O f the b on d s ($ 2 ,5 0 0 ,0 0 0 a u th o r iz e d ), $ 2 ,3 0 0 ,0 0 0 has been
1266, 1441; V . 83, p . 326; V . 86, p . 1045, 1527; V . 8 7 . p . 1360; V . 8 8 , p . 4 5 .
Issued, $29 3,00 0 h aving been re d e e m e d b y the sin k in g fu n d ; m o rtg age
D IV I D E N D S o n c o m m o n s t o c k , A % D e c. 1 1902; 190.1, 1 X % : M ch .
tru stee, L a w y ers’ T itle In surance A T r u s t C o ., N ew Y o r k .
T h e y are su b
190 4, H % ; none since to O ct. 1909.
V . 7 8 , p . 2387.
D iv id e n d s o n new
Jcct to call a t 105 since Jan . 1 1907, o r m ay be draw n b y lo t a t sam e price
p r e f., 1 H % e a c h , p aid q u a r. A p ril 1907 to O ct. 1 1909. b o th In clu sive.
fo r a y ea rly sinking fu n d o f $5 0 ,0 0 0 . V . 74, p. 208.




M I S C E L L A N E O U S.
F o r exp la n a tion o f colu m n headings, & c ., see notes on
first page o f tables.

Commonwealth Ed— (C o n .)— C o m m o n w e a lth E lec 1st M_
Cons Cotton Duck Co— P r e f (also assets) 6 % c o m $ 6 ,0 0 0 ,0 0 0

Alt V e r n o n -W o o d b e r r y first m o r tg a g e g o ld $ 8 ,0 0 0 ,0 0 0
c*
do
do
In com e cu m u la tiv e m o rtg a g e
J S p e n ce r T u rn e r C o d e b $ 2 ,0 0 0 ,0 0 0 gold p & 1 (red)
’ *
Consolidated Gas ( N Y ) — S to c k $ 1 0 0 ,0 0 0 ,0 0 0
N o te s , s e cu re d b y $ 6 ,2 5 0 ,0 0 0 N ew Y o r k E d ison s to c k
B on d s of C om pa nies C ontrolled.
N Y E d -N Y G 4 E L H & P 1st M $ 1 5 ,0 0 0 ,0 0 0 g M o c * & r
P u r m o n e y M $ 2 1 ,0 0 0 ,0 0 0 g o ld su b to call to F e b "’ 02 C c .c *
E d is o n E le c tr ic Iliu m N Y 1st Ar g o ld red a t 1 1 0 _ _ _ C e .c *
F irst c o n s o lid a te d m o rtg a ge $ 1 5 ,0 0 0 ,0 0 0 g o l d . . . M o . c *
Alt M orris E lec L ig h t 1st M g o ld red a t 105 O ct 1 1 9 0 0 ..
U n ited E lectric L ig h t & P o w e r 1st At $ 5 ,3 7 0 ,0 0 0 _______ Un
E q u ita b le G as L ig h t con s (n ow 1st) M _ _ C e l A ssu m e d b y
N Y & E a st R iv e r Gas 1st M g o l d . . . G .c* \ N e w A m s t
F irst con s AI ($ 5 ,0 0 0 ,0 0 0 ) g o ld ____ K .c * j
Gas C o.
j
N ew A m s te r d a m 1st con s A1 g o ld $ 2 0 ,0 0 0 ,0 0 0
Cc c*& r
C en tral U n ion G as gu a r p & I N Y & E ast R iv e r
Ce c*
S ta n d a rd G as L ig h t first m o rtg a g e $ 1 ,5 0 0 ,0 0 0 g o ld
c
N o rth U n ion G as 1st M $ 1 ,5 0 0 ,0 0 0 g o ld n o t g u a r .
K .c*
W e s tch e s te r L ig h tin g c o n At $ 1 0 ,0 0 0 ,0 0 0 g (see t e x t )T a c*
F irs t c olla tera l trust 1 0-vear b o n d s
.
_
N Y & W e s t L gen M $ 1 0 ,0 0 0 ,0 0 0 g o ld gu rod ( t e x t ) . r i r C e
D eb en tu res $ 2 ,5 0 0 ,0 0 0 g o ld gu a r prln & lnt red a t 1 1 0 ..
Cons Gas E lec Light & P o w e r (Balt)— C o m m o n s t o c k .
P referred s to c k p rior lien 6 % cu m red 105 an d a c c r ’d d i v _ .

D a te
of
B on d s
1898
—

1899
1899
1909
1898
1899
1890
1895
1890
1894
—

1894
1895
1898

1909
1904

S iz e, or
Par
Am ount
V a lu e O utstanding

$1,0 0 0 $ 1 8 ,0 0 0 ,0 0 0
5 g
50
5 ,7 0 5 ,0 0 0 2 In 1909
1,000
8 ,0 0 0 ,0 0 0
5 g
1,000
242 ,0 0 0
1,000
1 ,4 4 5 ,0 0 0
6 g
100 9 9 ,7 7 3 ,5 0 0 4 in 1908
5 ,0 0 0 ,0 0 0
4
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000
1,000 &c
1,000
1,000
1,000
1,000
1,000
100
100

R E P O R T .— R e p o r t fo r y e a r 1 90 7-0 8. V . 8 6 , p . 1527.
3 1 - ° ro« O p. e x p .
N et.
Ch arges. P f . D iv . B a i.,s u .
---------*>6/0,.,32
$18 9,22 7 $129,U.»8 $ 12 ,982
$ 4 7 ,1 8 /
1906-07
6 0 3 .8 2 0
464.151
139.669
74,6 9 9
64 970
P f„e s -*
s , a n le y H askins; V . - P . , A . L . T h u rm a n ; S e c .-T r c a s ., F . J .
t
S h a ffer, 37 B roa d S t ., N . Y .— (V . 8 9 , p . 45 )

C O M M E R C IA L

CA BLE

D e c . 31 1908, V . 88, p . 999.

CO

-S e e

A fack ay

C o m p a n ie s.

B a l.

sh e e t

E A L T H -E D SON C O .— O R G A N I Z A T I O N .— In c o r p o r a te d
o COMM O N W ----------------i r rI r r "
.
S e p t. 17 1907 as a co n s o l d a tlo n , p er plan V . 8 5 , p . 162, 724 , o f the C h icago
E d ison an d C o m m o n w e a lth E le ctric c o m p a n ie s , c o n tr o llin g E d iso n paten ts
l n . ° , ,,caKO uncier p erp etu al licen se, an d s u b u rb s.
F ran ch ises, In clu din g
s u b s id ia ry c o m p a n ie s , e x p ire 1947.
(C om p are V . 67, p . 482; V . 79 n 214
272; V . 8 2 , p. 1441; V 86, p . 79 6 .)
T h e C h icago S e ctio n a l U n d ergrou n d
C o. Is leased, its $ 2 2 7,40 0 4 % b o n d s g u a r. p . anil l. b y C h icago E d ison C o.
an d ln t. o n $33 ,0 0 0 5s.
E c o n o m y L ig h t & P o w e r C o . Is c o n tr o lle d (V 88
p . 1 6 1 ).
1 0 -y e a r -p o w e r c o n tr a c t w ith C h ica go C ity R y . O ct. 1908, V . 87, n ’
1013; c o n t r a c t w ith C h ica go R y s . fo r 6 y e a rs fro m F e b . 1908, V . 8 9 , p . 350 .
S T O C K .— O f th e $ 3 0 ,0 0 0 ,0 0 0 au th o riz e d s t o c k , $ 1 3 ,6 1 2 ,1 1 5 w as Issued
In e x c h a n g e , $ for $, for C h ica go E d ison C o. an d $ 9 ,0 0 0 ,0 0 0 fo r th e Com
m o n w e a lth E lectric s t o c k , $ 1 ,3 8 7 ,8 8 5 w as su b scrib e d b y s to ck h o ld e rs a t
p a r , th e rem ain in g $ 6 ,0 0 0 ,0 0 0 be in g issued fo r o th e r p u rp o se s. S t o c k ­
h old ers are t o v o t e N o v . 9 1909 o n Increasing the au th o riz e d s to c k fro m
$ 3 0 ,0 0 0 ,0 0 0 t o $ 4 0 ,0 0 0 ,0 0 0 , o f w h ich $ 3 ,0 0 0 ,0 0 0 t o be ottered t o s t o c k h o ld ­
ers p ro rata a t p ar fo r Im p ro v e m e n ts an d e x te n sio n s d u rin g the c o m in g
y e a r , raising a m o u n t o u ts ta n d in g t o $ 3 3 ,0 0 0 ,0 0 0 . V . 89, p . 472 .
D lv ily o u , 6 % ( Q .-r .). p ald N o v - 1 1907 t0 A u &- 1 190 8' ln°L ; N o v . 1908, 1 ) 4 % ;
B O N D S .— T h e C om m on w e a lth 5s o f 1898 w ill be used to c o v e r future
b o n d Issues o f th e c o n s o lid a te d c o m p a n y ; a d d itio n a l b o n d s are Issuable for
7 "v® o f cost o f e x te n s io n s o r Im p ro v e m e n ts.
In D e c. 1908
$ 1 0 ,0 0 0 ,0 0 0 b on d s w ere sold fo r e x te n s lo n s an d r e fu n d ln g o f $ 6 ,9 8 3 ,0 0 0 o ld
b on d s c a lle d fo r p a y m e n t d u rin g 1909. V . 79, p. 214; V . 83. p. 326; V . 85.
p . 163; V . 88, p. 55, 103. C o m m o n w e a lth d e b e n tu re s o f 1902 are s u b je c t
p? L 8! n ce 1907- v - 7 4 - p- 0 0 ° D e b e n tu re s o f 1907, V . 84, p . 695,
627 , 999 , 1054.
R ea l estate m tges S e p t. 30 1908, $ 22 0,00 0.
R E P O R T .— R e p o r t fo r y e a r e n d in g S e p t. 30 1908, in V . 87, p. 1298,
c o m p a r e d w ith co m b in e d earnings fo r y e a r e n d in g M arch 31 1907:
F is c a l
C ross
N et
F ix e d
B a l. fo r
D iv iY ea r—
E a rn in g s. E a rn in g s.
Ch arges.
D lvld 'd s.
dends
1907-08 - . . $ 9 , 5 0 0 , 9 0 7 $ 3,126,329 $ 1 ,2 6 8 ,6 2 6 $ 1 ,8 5 7 ,7 0 3 (5 % ) $1.372.039
1906-07 . . . 8 ,8 4 2 ,0 8 8
2,6 4 3 ,8 1 9
1.007.271
1,6 3 6 .5 4 8
999.841
P r e s ., S am u el I n s u ll.— (V . 88, p . 233; V . 89, p . 350 , 472 , 531.)
C O M M E R C IA L U N IO N T E L E G R A P H C O .— S to c k . $50 0,00 0 gu ar. 6 %
(J. & J .) b y P osta l T elegra p h C a ble C o .; p a r o f shares, $25.
C O N S O L ID A T E D C A R H E A T IN G C O — S u p p lies ste a m an d h o t w a ter
a p p a ra tu s fo r h ea tin g railw ay trains a n d e le ctr ic heaters fo r s treet cars & c
V . 70, p . 232. S t o c k , $ 1 ,2 5 0 ,0 0 0 ; o u ts ta n d in g , $1,13 0 ,4 0 0 - par $100
'
D I V S . V 9 5 ’ 96 ’ 97 ’ 98 ’ 99 ’ 00 ’ 01 ’ 02 ’ 03 ’ 04 ’ 05 ’ 06 ’ 07 ’ 08 :09
P e r C t.J 1 3 H 1 H 3
4 7 /$ 6
5 )4
7 6
4
3 3 N o n e (?)
P re s., Jam es H . Alanning. O ffic e , 42 B r o a d w a y , N . Y
D irectors
1908, V . 8 5 , p . 1648; V . 86, p . 147 0.— ( V . 8 6 , p . 172; 1470.)
1Jlreclors

C O N S O L ID A T E D C O TTO N D U C K C O .— O R G A N I Z A T I O N .— I n c o r ­
p o r a te d In D elaw are In Ju n e 1905, p er plan In V . 8 0 . p . 1916, an d a cq u ire d
th e U . S . C o tto n D u c k C o rp o ra tio n , o w n in g 3 m ills, an d c o n tr o l o f the
A lount V e r n o n -W o o d b e r r y C o tto n D u ck C o. (see list 14 m ills, V . 6 9 , p . l 2 9 . )
a n d w ill u ltim a te ly o b ta in the legal title to th e latter; to ta l m ills c o n tr o lle d ,
20.
(V . 8 2 , p . 62 5 .)
In O ct. 1906 m o re than 9 3 % o f th e $ 6 ,0 0 0 ,0 0 0
A lou n t V ern on In com e b on d s had b e e n a c q u ir e d (V . 8 2 , p . 6 2 6 ).
In F e b . 1906 a cq u ire d en tire s t o c k o f J. S p e n ce r T u rn e r C o ., N ew Y o r k ,
gu a ra n teein g $ 2 ,0 0 0 ,0 0 0 6 % d e b e n tu re s , o f w h ich $40 0,00 0 reserved fo r
fu tu re p u rp oses.
V . 8 2 , p . 336 , 75 4 , 1104.
S T O C K , & c.— C om . s t o c k , $ 7 ,0 0 0 ,0 0 0 (p a r $50 ); p r e f., 6 % c u m ., s e c
ta b le a b o v e .
U n d erly in g b o n d s o f A lount V e rn o n C o ., $ 25 0,00 0; U . S . C o t­
t o n D u c k C o r p ., $ 1 5 5 ,0 0 0 .
D iv id en d s o n p r e f. 1906 to A p ril 1908, 6 % y e a r ly ; O c t . 190 8, 2 % ; 1909,
A p r ., 1 % ; O c t ., 1 % .
E A R N I N G S .— F o r h a lf-y e a r e n d in g Ju n e 30 1909 (V . 89, p. 4 6 7 ): T o t a l
In com e, $ 3 ,6 6 8 ,0 3 7 ; net earn in gs, $28 1,56 2; ln t. o n b o n d s o f co n s titu e n t
c o m p a n ie s , $ 21 2,77 5; d lv . on p re f. s t o c k ( 1 % ) , $5 7 ,0 5 0 ; b a l., s u r ., $ 1 1 ,7 3 7 .
R E P O R T .— R e p o r t fo r y e a r e n d in g D e c. 31 1908 (V . 88. p . 501) sh o w e d :
T o ta l Incom e, $ 6 ,9 1 6 ,7 2 4 ; gross profits, $72 6,92 6; Interest on b o n d s o f
co n s titu e n t c o m p a n ie s , $42 5,70 0; d lv . on p re f. s to c k ( 3 % ) , $ 18 0,00 0- b a l­
a n c e , su rplu s, $12 1,26 6.
D I R E C T O R S .— S. D a v ie s W a rfie ld (C h a irm a n ), C h arles K . O liver
,(E.mS ) ’ 2 a ^ d J?,; Cfir r ° ll <v --p ->- E . C lay T im a n u s . G e o rg e K . M cG aw ,
W illia m I I . G ra fflln , W . J . C a sey, S p e n ce r T u rn e r, G . Clem G o o d r ic h , J . H .
W h eelw rig h t, R ich a rd C rom w ell, E . A . B rlnckerhofT, T h o m a s AI. T u rn e r,
R a lp h C. L u p to n , an d F . P . C a rp e n te r. B a ltim o re o ffic e , C o n tin e n ta l
T r u s t B ld g .— (V . 8 7 , p . 482 ; V . 88, p. 501, 508; V 89, p . 413 , 46 7 .)
C O N S O L ID A T E D G A S OF N E W Y O R K . — T h is c o m p a n y w as org a n ize d
N o v . 11 1884 as a co n s o lid a tio n , an d In 1899-00 se cu re d c o n tr o l o f all
th e o th e r gas c o m p a n ie s an d o f all th e e le ctr ic -lig h tin g p ro p e rtie s In Alan. . a n . N . Y . C ity . N ew gas p la n t a t A s to r ia , L. I., w as p u t in partial opera tlo n D e c. 3 1906. V . 78. p. 105, 1964; V . 79, p . 105, 629; V . 8 3 , p. 1414;
V . 84, p . 219; V . 86, p . 2 8 2 . S to c k h o ld in gs J u ly 1907, V . 87, p . 1 1 6 1 . See
sep arate sta tem en ts fo llo w in g .
*n.
a L w w as passed r e d u cin g th e p rice In N . Y . C ity to 80 cents
a
P,erQi ’ 000- i :i lb ’ ®„f t ., begin n in g Afay 1 1906, e x c e p t In o u tly in g districts.
V . 8 2 , p . 572, 807 , 931.
In Jan . 1909 the U . S. S u p rem e C o u rt held 8 0 -ce n t
a"l
be v a *Id until g iv e n a fa ir trial, th e d e p o s its to secu re the
161C6233 P292*’ 297 <
378’'P 6 8 9 b e *ng returne<4 to co n su m e rs.
V . 88, p . 103,
o f e le ctr ic ity sold to c it y , V . 8 3 , p . 892 .
D I V S . 1 94 to 98 ’ 99 ’ 00 ’ 01 to ’ 03 ’ 04 ’ 05
’ 06
’ 07
’ 08
1909
P e r c e n t ./ 8 y e a r ly 5 /S 6
8 y c a r l y 8 / 3 8 /4
5
4
4 1 . 1 , 1. (?)
S T ° C K , & c.— In 1900 s to ck Increased fro m $ 3 9 ,0 7 8 ,0 0 0 to $ 5 4 ,5 9 5 ,2 0 0 ,
a n d In 1900-03 to $ 8 0 ,0 0 0 ,0 0 0 , to co m p le te th e c o n tr o l o f the gas an d electr lc -llg h t business In A lanh attan, to p r o v id e fo r Im p ro v e m e n ts, & c. V . 77
p . 300 .
In 1904 th e a u th o rize d Issue w as Increased to $ 1 0 0 ,0 0 0 ,0 0 0 , to
p r o v id e fo r c o n v e r tib le fea tu re o f new d e b e n tu re s. V . 78, p . 1964
In 1904 sto c k h o ld e r s su b scrib e d to $ 2 0 ,0 0 0 ,0 0 0 6 % d e b e n tu re s a t par
b u t $ 1 9 ,4 9 9 ,5 0 0 w ere c o n v e r te d Into s to c k to Jan . 1909, w hen rig h t to c o n ­
vert ceased.
V . 78, p . 1964, 201 4, 2336; V . 8 6 , p . 983; V . 87, p . 1 16 1.
In J u ly 1909 $ 5 ,0 0 0 ,0 0 0 1 2 -m o n th s ’ 4 % n o te s w ere so ld t o p ro v id e fo r
th e 5 % n otes m a tu rin g A u g . 10 1909.
V . 89, p. 289 .




I N T E R E S T OR D I V I D E N D S .
Rate
%

1 5 ,0 0 0 ,0 0 0
5 g
20,9 2 9 ,8 8 4
4 g
4 ,3 1 2 ,0 0 0
5 g
2 ,1 8 8 ,0 0 0
5 g
988 ,000
5 g
4 ,8 3 8 ,0 0 0
5
3 ,5 0 0 ,0 0 0
5 g
3 ,5 0 0 ,0 0 0
5 g
1 ,5 0 0 ,0 0 0
5 g
1 0 ,6 3 5 ,0 0 0
5 g
3 ,5 0 0 ,0 0 0
5 g
1 ,285,000
5 g
1,2 5 0 ,0 0 0
5 g
6 ,0 0 4 ,0 0 0
5 g
580,000
1 0 ,0 0 0 ,0 0 0 See te x t
2 ,5 0 0 ,0 0 0
5 g
6,3 0 0 ,0 3 4
700 ,000 6 1 1 1909
1

W hen
P a y a b le

W here

P a y a b le,
W hom

and

by

AI A
S Illinois T r A S a v B k , Clil
A
& O C on tin en tal T r C o, lla lto
AI A
J
A
J )4 % paid J a n u a ry 1909
F A A O ffice T u rn e r C o, N Y
y - - A I 15 O ffice 4 Ir v in g PI, N Y
E A A N ation a l C ity B a n k , N Y

s

J
F
AI
J
A
I
J
A
I
J

Ju n e
O ct.
Sept
J an
F eb
S ep t
Aug

1 1943
1 ’ 09, 1 %
1 1949
1 1950
1 1926
15 ’ 09, 1 %
10 1910 '

j
.j
AI
At
J

&
A
A
A
A
&
A
A
&
A
A
A
&
A

J
J

&
A

J C entral T ru s t C o. N Y
J
do
do

J u ly 1 2004
J u ly 1 1954

A

A

O C hecks m ailed

O ct 1 1909, 3 %

•
r

D
A
S
J
S
J
S
J
J
J
J
N
N
D

B on d s— P r in c i­
pal, W hen D u e .
S tocks— Last
D iv id en d .

A lorton T ru st C o , N Y
Central T ru s t C o . N Y
G u a ra n ty T ru s t C o , N
A lorton T ru s t C o , N Y
C entral T ru s t C o, N Y
U n ion T ru s t C o , N Y
C entral T ru st C o. N Y
G u a ra n ty T ru st C o , N
N a tio n a l C ity B k , N Y
II I) H ollin s A C o. N
do
do
A lercantile T ru s t C o. N
II B H ollins A C o, N
T ru st Co o f A m e r , N Y

D ec
F eb
Y M ch
J u ly

1
1
1
1

J u ly
Alch
Y Jan
Jan
Y Jan
J u ly
Y Alav
Y N ov
D ec

1948
1949
1910
1995

1
1
1
1
1
1

1924
1932
1944
1945
1948
1927
1930
1 1927
1 1950

R E P O R T o f le g isla tiv e c o m m it t e e in 1905. V . 80, p . 1854, 1858, 1 9 1 0 .
R e p o rt fo r y e a r e n d in g D e c . 31 1908 In V . 88 . p. 292, s h o w e d - T o ta l net
In co m e , $ 5 ,9 3 9 ,4 0 4 ; ln t. a n d o th e r ch arges, $ 1 .894,727; d lv s . ( 4 % ) , $ 3 ,2 4 9 ,­
363 ; b a l., s u r ., $ 79 5,31 4. F o r h a lf-y e a r e n d . D e c. 31 ’ 07, V . 88 , p .1 5 6 , 1064
enclln£ Ju n e 30 1907 (V . 87, p . 1535). e a rn in gs w e re : G ross,
$ 1 2 ,4 0 3 ,0 1 8 ; n e t, $ 1 ,6 2 2 ,5 5 1 ; o t h e r In com e, $ 2 ,4 1 6 ,6 4 0 ; Interest, $911,254d iv id e n d s ( 4 % ) , $ 3 ,2 0 0 ,0 0 0 ; b a l., d e f., $ 72 ,063 .
O F F f C E R S .— C h airm an . H . E . G a w try ; P r e s ., G eorge B . C o r te ly o u ,
V .-P s .. W a lte r R . A d d ic k s , L ew is B . G a w try a n d R o b e r t A . C a rter; S e c ..
R . A . C a rter; T r e a s ., Jas. A . B e n n e tt; A sst. S e c ., C. C. S im p so n ; A s s t. T rea s ,
B e n j. W h lte ly . T ru s te e s : H . E . G a w try . Joh n W . S te rlin g , W . R o c k c fA . < , G eS - £• J?a k e r - F - A - V a n d e rllp . S am uel S lo a n , Aloses T a y lo r , W . R .
e ?F’
A d d ic k s , S. S. P a lm er, A . N . B ra d y , G eo. B . C o r te ly o u , W a lte r P . Bliss an d
L o u is AI. G reer. O ffic e , 4 Irv in g P la c e .— (V . 89, p . 106, 2 8 9 .)
(1) N E W A A IS T E R D A A I G A S .
I n c o r p o r a t e d N o v . 1 1897 an d c o n s o lid a te d N . Y . & E a st R iv e r and
E q . G as L ig h t, p er plan V . 6 6 , p. 133.
s to c k a u th o r iz e d Is $ 1 3 ,0 0 0 ,0 0 0 o f c o m m o n s to c k ,
$ 1 0 ,0 0 0 ,0 0 0 o f 5 % p r e fe rr e d , c u m u la tiv e a fte r N o v . 1 1900.
N ew con sol
xs * °r $ 1 ,3 6 5 ,0 0 0 , p referred s to c k $ 1 ,0 0 0 ,0 0 0 an d c o m m o n $ 8 3 5,00 0 In
Ja n . 1909, w ere In treasu ry a v a ila b le fo r fu tu re n e e d s . P a r o f shares $100.
I h e C o n s o lid a te d G as C o. o w n s $ 12 ,154 ,20 0 c o m m o n an d $ 8 ,9 9 1 ,3 0 0
p re fe rre d s t o c k . V . 70, p . 897 , 948, 1052, 1197, 1252; V . 8 0 . p . 185 5. 2224.
F o r 6 m o s. e n d in g D e c. 31 1907, gross, $ 1 ,2 2 0 ,0 3 2 ; n e t, $ 23 9,20 9; o th e r
in c o m e , $ 77 ,321 ; ln t ., $ 52 0,44 5; b a l., d e f ., $ 2 0 3 ,9 1 5 .
F o r y e a r en din g
Ju n e 30 1907, gross, $ 3 ,2 6 1 ,8 9 6 ; n e t, $55 2 ,7 9 6 ; o th e r in c o m e , $ 11 7,66 5;
In terest, $ 1 ,0 0 6 ,7 4 2 ; b a l., d e f ., $ 33 6,28 1.
(2) N E W Y O R K E D IS O N C O A IP A N Y .
O rga n ized Afay 23 1901 as a c o n s o lid a tio n o f the N . Y . Gas & E lec.
L ig h t, H e a t & P o w e r C o. an d the E d iso n E le c . Iliu m . C o. o f N . Y .
O wns
large p o w e r pla n t lo ca te d o n 1st A v e ., b e tw e e n 38th an d 3 9 th S treets.
V . 69, p . 704; V . 68 , p . 1025; V . 70, p . 283 , 482; V . 8 0 , p . 1915; V . 84, p. 219.
S t o c k , $ 4 5 ,2 0 0 ,0 0 0 , o f w h ich $4 5 ,0 5 1 ,0 0 0 o u ts ta n d in g , all o w n e d b y C on sol.
G as C o . V . 7 2 , p . 1038.
B O N D S .— T h e first 5s o f 1898 ($ 1 5 ,0 0 0 ,0 0 0 ) w ere se cu re d b y a first
lien o n the c o m p a n y s p o w e r p la n t and o t h e r p r o p e r ty o w n e d and p led ge
o f va rio u s se cu rities; list see V . 68 , p. 773 , 82 4 , 1025; V . 76, p . 268. T h e
-J® o f 1699 are secu red b y a p u rch a s e -m o n e y lien on th e fo rm e r E dison
E le c . Iliu m , p r o p e r ty , s u b je c t to b o n d s o f 1890 an d 1895, and b y a se con d
m tg e . lien o n th e re m a in in g p ro p e rty o f the Con o lld a te d C o . V . 72, p .
939 , 1038; V . 8 1 , p . 35.
R e a l esta te m tg e s ., $ 17 4,00 0.
F o r 6 m o s. e n d in g D e c. 31 1907 (n o t 1 9 0 8 ), gro ss, $ 7 ,2 3 1 ,6 0 2 ; net o v e r
ta x e s , $ 2 ,5 8 6 ,6 9 5 ; o th e r In com e, $12 6,09 5; in te re st, ren tals, & c., $ i ,52 1 ,0 5 2 ;
b a l., s u r ., $ 1 ,1 9 1 ,7 3 8 ; to ta l surplus D e c. 31 1907, a fte r d e d u ctin g d iv id e n d s
o f $ 1 ,3 5 1 ,5 3 0 ( 3 % ) , w as $ 1 2 ,8 4 9 ,6 2 8 .
(C o m p a re y e a r 1906-07, C on sol.
G as C o ., V . 8 7 , p . 1535.— (V . 8 0 , p . 1855, 2224; V . 8 1 , p . 2 9 , 3 5 , 215.)
(3)
N E W Y O R K A IU T U A L G A S L I G H T C O .
I n c o r p o r a te d In N ew Y o r k A p ril 17 1866 u n d er sp ecial ch a rte r.
S to c k
o u ts ta n d in g , $ 3 ,4 3 6 ,6 0 0 , o f w h ich $ 1 ,8 8 6 ,2 0 0 Is h eld b y the C o n so lid a ted
G as C o. P a r o f sh ares, $100.
D IV ID E N D S —
/ 1894-97
’ 98 ’ 99 '00 1901-05 ’ 06 ’ 07 ’ 08 ’ 09
S in ce 1893 (J. & J .)_ _ % \ 9 y e a rly
8
7
3 9 y e a r ly 7
6
6
6
F o r 6 m o s. e n d in g D e c. 31 1907, gross, $ 76 0,63 3; n e t , $ 52 ,447 ; oth er
In co m e , $ 22 ,406 ; d iv id e n d s ( 3 % ) . $103,098; b a l., d e f., $ 28 ,245 .
F or year
e n d in g Ju n e 30 1907, gro ss, $1,6 4 5 ,5 3 3 ; n e t, $ 19 2,31 7; o t h . In c.. $39,472m lsce l. d isb u rse m e n ts, $32; d lv s. ( 6 % ), $20 6,19 6; b a l., s u r ., $ 25 ,561 .
„
,
, .
(4) S T A N D A R D G A S L I G H T CO .
m,.0 rKardz<;S1,’ n 188 6- O w ns 160 m iles o f gas pipes n o rth o f 13th S t ., N . Y .
The C o n so lid a te d Gas C o. ow n s $4,7 9 6 ,2 0 0 o f the $ 5 ,0 0 0 ,0 0 0 c o m m o n and
$4,096 100 o f th e $4 2 95 ,700 p re f.
'
’
D I V S .—
’ 95 ’ 96
’ 97 ’ 98 ’ 99 '0 0 ’ 01
1002-05 ’ 06
’ 07 ’ 08 1009
C o m m o n .. . % 1
4
5
8
5
0
2 6 y e a r ly 1 )4
0
0
...
P referred . . % 5 'A 4 )4 6
8
6
2 )4 6 6 y e a r ly 6
6
6 Ju n e 3
F o r 6 m o s. e n d in g D e c. 31 1907 (n ot 190 8), gross, $ 79 0,08 1; n e t, $4 3 ,7 3 7 ;
o th e r In com e, $2 3 ,3 5 2 ; in terest on b o n d s, A c ., $ 32 ,125 ; p re f. d lv . ( 3 / 4 % ) ,
$ 1 2 8 ,8 7 1 ; b a l., d e f ., $ 93 ,907 .
(C om p a re y e a r 1906-07, C on sol. Gas C o .,
V . 87. p . 1535.
O ffic e T h ird A v e . a n d 49th S t .. N . Y .
V . 82, p . 1383; V . 83, p. 1527.
(5) U N I T E D E L E C T R I C L I G H T & P O W E R C O .
S to c k $5,3 4 6 ,0 0 0 (o f w h ich $ 1 649 ,500 p r e f.), m o s tly o w n e d .— V . 70
p . 40; V . 80, p . 1 8 5 6 ; V . 87. p . 1535.
( 6) C E N T . U N IO N G A S C O .— V . 80, p . 1 8 5 5 : V . 87, p . 1535.
(7) N O R T H E R N U N IO N G A S C O .— V . 80. p. 1 8 5 5 ; V . 87, p . 1535.
( 8) W E S T C H E S T E R L I G H T I N G C O . (N . Y . & W e stch e ste r L ig h t C o.)
S u p p lies gas a n d e le ctr ic ity In W e s tch e s te r C o u n ty n o rth o f N ew Y o r k
C ity . S e c V . 71, p . 1023, 1175. T h e C o n so lid a te d G as C o . ow n s the
$1 2 ,5 0 0 ,0 0 0 ca p ita l s to c k . S ee V . 79, p . 160, 217, 504, 1706. In Jun e 1909
erm lsslon w as o b ta in e d to purch ase the $ 8 0 4,00 0 N orth ern W e stch ester
Ightlng C o . s t o c k , all the $500,000 P eek sk lli L ig h tin g & R R . c o m m o n
s to c k an d $90 ,000 N orth ern W e stch e ste r L ig h tin g C o . 1st c o n s o ls, an d to
Issue $ 5 8 0,00 0 10-year 5 % first co lla t. tru st b o n d s to a cq u ire said sto ck s .
V . 8 7 , p . 617; V . 89, p . 108.
B O N D S .— T h e general m tg e . b o n d s o f 1904 ($1 0 ,0 0 0 ,0 0 0 ) be a r Interest
o n a slid in g sca le , b e g in n in g a t )4 o f 1% (first c o u p o n J u ly 190 5), an d rising
to 4 % fro m J u ly 1 1914, to m a tu rity , e x c e p t a b o u t $ 2 ,5 0 0 ,0 0 0 w h ich have
a d d itio n a l c o u p o n s a tta c h e d m ak in g th em stra igh t 4 % b o n d s. A ll are
s u b je c t to call sin ce J u ly 1 1905 at par an d Interest. V . 7 9 , p. 1706,
1957. T h e y are g u a ra n te e d , p r ln c p a l an d Interest, b y the C on sol d a ted
G as C o ., as are also the $ 2 ,5 0 0 ,0 0 0 o f new 5 % d eb en tu res (V . 8 8 , p . 162 3 ).
F o rm o f g u a r a n ty , V . 79, p . 2152. T h e u n d e rly in g b o n d s n o t sh ow n n
th e ta b le a b o v e (W e stc h e s te r 5s be ng reserved to ret re the N . Y . & S u b .
G as Issue) are:
B on d s (V . 8 1 , p . 1 60 9)—
Interest.
O utstanding.
M a tu rity .
N ew Y o r k & S u b u rb a n Gas 1st AI.) 5 g AI A S
a$3 4 3 ,0 0 0
M ch . 1 1949
g , g u a r, p A l, b y A m G as C o ------ jSubJ to call at 105A nt s in ce Alch 1’ 09
H u d s o n R iv e r G as A E lec 1st AI____ 5 At A N
b 2 5 0,00 0
Alay 1 1929
W h ite P lains L igh tin g 1st AI________ 5 ..........
3 3 5 ,0 0 0 Ju n e 1 1938
(a) V . 68 , p . 474; V . 70, p . 844 .
( b) V . 6 8 , p . 824; V . 70, p. 844.
F o r y e a r e n d in g Ju n e 30 1905, gross, $ 1 ,2 5 9 ,8 4 1 ; n e t, $56 9,93 1; lnt.
o n b o n d s , $50 9 ,2 3 8 : b a l., s u r ., $ 6 0 ,6 9 3 .— (V . 8 8 , p . 103, 156 , 161, 233.)
C O N S O L J D A T E D O A S . E L E C T R IC L IG H T & P O W E R C O .. B A L T I­
M O R E .— O R G A N I Z A T I O N .— F o rm e d o n F e b . 14 1905.
In Jun e 1906 the
C o n so lid a te d G as C o. o f B a ltim o re , a b o u t 6 1 % o f w hose $1 0 ,7 7 0 ,9 6 8 stock
w as p r e v io u s ly o w n e d , w as m erged per plan V . 8 2 , p . 1441.
P rice o f gas
w as r e d u ce d to $ 1 per 1,000 c u b ic f t. o n S e p t. 1 1905.
H as c o n tr a c t w ith
AlcCall F e rry P o w e r C o ., p la n t bu ild in g.
V . 8 4 , p . 627; V . 85, p. 163. I *
A lay 1909 arra n g e d to s u p p ly natural gas a t an e x p e n d itu r e o f $ 1 ,0 0 0 ,0 6 #
to $ 2 , 000,000 fro m fields o w n e d b y o th e r In terests, o n e -h a lf o f the c ity t *
use th e sam e b y F e b . 1910 and the o th e r h alf b y Ju n e 1910
V . 88 , ■
1375, 1256.

E

IN T E R E S T OR D IV ID E N D S

M I S C E L L A N E O US
P e r explan ation o f colu m n headings, & c.
first page o f tables.

see notes on

D ate
of
B onds

S iz e, or
Par
V a lu e

A m ou n t
O utstanding

$100
B d ison & B rush C om p a n ie s’ b o n d s -------------------------------— 1,000
1809
U n ited E lectric first c o n s o lid a te d m o r tg a g e $ 4 ,5 0 0 ,0 0 0 g . c
1,000
1905
G eneral m ortg a g e $ 1 5 ,0 0 0 ,0 0 0 g o ld --------------------------- C o B a .c
500 & c
C o n solid a ted G as first m o r tg a g e .......... ..........................• --- — £ 1880
1,000
1888
C o n solid a ted first m ortg a g e g o ld $ 3 ,4 0 0 ,0 0 0 ----------- M e B a .c
1,000
1904
G eneral m ortg a g e $ 1 5 ,0 0 0 ,0 0 0 g o l d ----------------------------- - - - - c
1007
B a ltim ore E lectric m tg e $ 7 ,5 0 0 ,0 0 0 g o ld g u a r prln & l n t . .
100
P referred s to c k 5 % g u a r a n t e e d ............................ .....................
Consolidated T o b a c c o — See A m e rica n T o b a c c o Co
100
Consolidation C o a l— S to c k a u th o riz e d $ 2 0 ,0 0 0 ,0 0 0 ............... - ­
1,000
1897
F irst m tg o $75 0,00 0 g old s f red eem ea ch Jan a t 1 0 5 ........ u
1,000
R e fu n d in g m tge $ 7 ,5 0 0 ,0 0 0 a u th g o ld s f red l O S . - . S . c '& r 1904
1,000
1909
K e n tu c k y first m tg e $ 3 0 0,00 0 g o ld sink fu n d -------F B a .c* & r
100
C orn P r o d u c ts R e fin in g — C o m m o n s to c k $ 5 0 ,0 0 0 ,0 0 0 ------------100
P referred s tock 7 % cum also as to assets $ 3 0 ,0 0 0 ,0 0 0 ------1,000
D eb en tu res $ 2 ,8 4 3 ,0 0 0 g o ld sin k in g fu n d d ra w n p e r t e x t . - 1907
1,000
1909
F lrst m ortg a ge $ 1 0 ,0 0 0 ,0 0 0 g o ld sink fu n d red 1 0 5 -------x c*
U nassum ed B on ds o f A llied C om p a n ies.
1,000
N a tion a l S tarch d eb en g o ld s f $ 8 ,0 0 0 ,0 0 0 call a t 1 0 5 ..U s m 1900
1,000
U n ited S tates Su g ar R e fin e ry g o ld first m o r tg a g e .......... ..
1,000
1890
N a tion a l S tarch M fg Co first m tge g o ld (sink fu n d ) t e x t .M a
N Y G lu cose Co first m tg e $ 2 ,5 0 0 ,0 0 0 g o ld s f (see t e x t ) . . 1901 See te x t
1904
S t L ou is S yru p & R efin in g g o l d --------------------------------------100
C ru cib le Steel C o— C om m o n s t o c k au th o riz e d $2 5 ,0 0 0 ,0 0 0
100
P referred 7 % cu m u la tiv e $ 2 5 ,0 0 0 ,0 0 0 a u t h o r iz e d -------100
Cumberland T elep h on e & T e le g r a p h — S to c k (see t e x t ) . . .
ben tu r
a $19 1,00 0 a d d ition a l held b y tru stee o f N ation a l S ta rch de_____________

C «n s (las El Lt & P (Balt)— C oncl— P r e f stk 6 % cu m red 120

In 1907 th e en tire $ 2 ,5 0 0 ,0 0 0 B a ltim o re E le c tr ic C o . c o m m o n s to c k was
a cq u ire d a t $10 per $50 sh are, th ro u gh a c q u is itio n o f th e s to c k o f th e M ary­
land S ecurities C o ., th e p r o p e r ty b e in g leased fo r 999 years fro m N o v . 20
1907, the rental p r o v id in g fo r Interest o n th e $ 3 ,0 6 3 ,0 0 0 5 % b o n d s and
d iv id en d s o n the $ 1 ,0 0 0 ,0 0 0 5 % p r e f. s t o c k .
V-185, p . 1341; V . 8 6 , p. 112.
S T O C K .— R ig h ts o f p r e f. s t o c k , see V . 8 2 , p . 1441.
D I V I D E N D S .— D iv . o n p rio r lien p re f. s t o c k . 3 % . p aid F e b . 16 1906;
o n O c t . 1 1906, a t th e ra te o f 6 % fro m F e b . 14 t o th a t d a te ; 1907 t o 1909,
6 % y e a r ly .
O n pref. (n o t prior H en), 1 2 - 3 % , c o v e r in g p e rio d fro m Jun e
20 t o O c t . 1 1906; 1907 to 1909, 6 % y e a r ly .
V . 83, p . 753 .
B O N D S .— O f gen . 1st 4 « s o f 1905 ($ 1 5 ,0 0 0 ,0 0 0 a u t h .), $ 5 ,1 6 8 ,0 0 0 1
reserved fo r fu tu re p u rp ose s. V . 80, p . 1731, 7 ! 4 , 1 4 8 1 : V . 8 8 , p . 233.
O f the 5 0 -y ea r gen . 4 ^ s o f 1904 o f C on sol. G as C o. ($ 1 5 ,0 0 0 ,0 0 0 au th .
Issue- F id e lity & D ep osit C o. o f M a ry la n d , tr u s te e ), $2,9 9 2 ,0 0 0 w ere ou tstaadlm g J u ly 1909; $ 3 ,4 0 0 ,0 0 0 are reserved t o retire o u ts ta n d in g os m a tu r­
ing 1939 ($ 3 ,5 8 4 ,5 0 0 h a v in g been sold In Jun e 1909 t o retire the $ 3 ,584,500
6s d u e J u ly 1 191 0), an d th e rem ain in g Issuable fo r n o t e x c e e d in g 8 0 % o f
oost o f ex te n s io n s an d Im p ro v e m e n ts. V . 78, p . 1964, 201 4, 233 1, 2387;
V . 79. p. 1643: V . 88, p . 103.
,
,
, .
„
T h e B a ltim ore E lectric C o. 5s ($ 7 ,5 0 0 ,0 0 0 a u th o riz e d issue; N orth ern
T ru st C o. o f P h lla ., trustee) are se cu re d b y a Hen o n the p r o p e r ty and
$84 9,00 0 g en . m tg e . b on d s; $ 3 ,5 5 0 ,0 0 0 are reserved fo r e x te n sio n s a t 8 0 %
•f c o s t .
V . 85, p . 598; V . 8 7 , p . 741; V . 8 8 , p . 103.
R E P O R T .— F or y ea r e n d in g N o v . 30 1908, n e t, $ 1 ,9 9 6 ,3 3 5 ; fixed ch arges.
$ 1 ,3 5 8 ,8 4 1 ; b a l., s u r ., $ 65 7,49 4.
Y ears e n d in g Ju n e 30:
Balance,
Met
F ix ed
Balance
P referred
S u rp lus.
Y ear—
E a rn in gs.
Charges.
fo r D irs.
D ividends.
$404,597
1 8 0 8 - 0 9 ____ $2,202,744
$ 1 ,3 7 4 ,5 4 7 $828,197
(6 % )$ 4 2 3 ,6 0 0
211,899
1907-08 ____ 1,870.085
1,234,586
635 ,4 9 9
( 6 % ) 4 23 ,600
O F F I C E R S .— Chairm an o f B o a rd , S D avies W a rfie ld : P re sid e n t, Ferdl
■a nd O. L a trob e; A sst. G en . M gr., VVm. D a r b e c ; T r e a s ., J. L . B ailey;
A sst. T r e a s ., It. F . B on sall; S e c .. Charles M . C oh n .
D ir e c to rs , V . 82,
p . 144 2.— (V . 8 8 , p . 1375, 1562; V . 89. p . 996.)
C O N S O L . G A S . P I T T S B U R G H .— S ee P itts b . In “ E le ctric R y . S e c t io n .”
C O N S O L ID A T E D R A I L W A Y L IG H T IN G & R E F R IG E R A T I N G C O .—
S eo Car L igh tin g & P o w e r C o.
C O N S O L . R U B B E R T I R E .— “ S u p p le m e n t” J u ly 1903 V . 88, p . 55.
C O N S O L ID A T E D TO B A C C O C O .— S ee A m erica n T o b a c c o C o.
C O N S O L ID A T IO N C O A L C O .— I n c o r p . In 1860. In M ay 1906 the $ 5 ,­
353 ,2 0 0 s to c k o w n e d b y B . & O . was a cq u ire d b y a s y n d ic a te . V . 82, p .1 0 4 3 .
Coal m in ed In 1908 w as 1,748,233 to n s, in 1907 w as 2 ,0 9 2 ,0 1 6 ton s; In
1906 w as 2 ,128,879 tons; In 1905 was 2 ,096,213 to n s .
O w ns $ 1 ,5 0 0 ,0 0 0 stk.
o f C u m b erlan d & P en n . R R . (w h ich sec) and gu aran tees its $ 1 ,000,000
b o n d s.
E a rly In 1909 a cq u ire d all the m in o rity s to ck s o f F a irm o n t Coal
C o .. S om erset Coal C o ., C larksbu rg F u el C o. an d P ittsb u rg h & F a irm o n t
Fu el C o ., u nitin g u nd er o n e o w n ersh ip a b o u t 200,902 acres ot land In M ary­
la n d , W es t V irginia, K e n tu c k y and P e n n sy lv a n ia . V . 88, p . 1256, 1375.
A ls o con trols N orth w estern F u el C o ., o w n in g large d o c k s a t C h icago,
M ilw aukee and S u p erior.
In N o v . 1903 $50 1,10 0 o f the $ 1 ,0 0 0 ,0 0 0 M etro­
p olitan C oal C o. s to c k w as p u rch a se d .
V . 78, p . 1271; V . 79, p . 502;
V . 88, p . 1200.
In A p ril 1907 c o n tro l o f the N o rth e rn C oal & C o k e C o. was
a cq u ire d b y allied Interests.
V . M , p . 1055.
O f the $ 7 ,500,000 refu n d . 4 J^s o f 1904, $ 5 ,0 4 4 ,0 0 0 has be e n issued to p a y
fo r prop erties a c q u ir e d . $15 9,00 0 has been pu rch ased b y the sinking fu n d ,
$ 1 ,7 5 0 ,0 0 0 Is reserved to retire the 4 H s due 1922 an d $1,0 0 0 ,0 0 0 C u m b er­
land & P en n . 5s d u e 1921, an d $70 6,00 0 fo r fu tu re req u irem en ts; sinking
fu n d , 3 c . p er ton o f coa l m in ed.
T h e stock h old ers In Jun e 1909 a u th o rize d an Issue o f $ 3 ,0 0 0 ,0 0 0 5 %
b on d s secu red b y first m tg e . to the F id e lity T ru s t C o. o f B a ltim o re , as
tru stee, c o v e r in g a b o u t 3 0 ,0 0 0 acres o f co a l land In th e M iller’s Creek
region In K e n tu c k y ; sin k, fu n d 3 cts. p e r to n m in e d . V . 88, p . 1502, 1623.
D I V I D E N D S sin ce 1883: fo r 1884 an d 1885, 1 % ; fo r 1886, Ji; fo r 1887,
1 U ' fo r 1888, 2J4: 1889 to 1903, 2 % y e a r ly ; 1904 and 1905, 4 % y e a rly .
F eb . 190# (y e a r ly ), 6 % ; M ay, 1 H % ; J u ly 3 1 , 1 H % ; O ct. 3 1 . I X % ;
1907. F e b ., 1 X % an d 2 % e x tra ; A p r . 3 0 , 1 X % : J u ly 3 1 , 1 X % : O c t . 31,
1 u % - 1908. 1 X % q u a r. ( Q .-J .) , an d In Jan . 2 % ex tra ; 1909, J a n ., 1 X %
an d 2 % ex tra ; M ay 1, I X % and 6 0 % In s to c k ; J u ly 3 1 , 1 X % : O ct. 30,
* *S T O C K __ In M ch. 1909 the a u th o rize d s to c k Issue w as Increased to
*20 000 000 $6,1 5 0 ,0 0 0 o f the new s to c k b e in g Issued to s to ck h o ld e rs o f
r ecord A prU ’ 24 1909 as a 6 0 % s to c k d lv . an d $ 2 ,6 2 6 ,0 0 0 In c o n n e c tio n w ith
a c q u is itio n o f m in o rity s to ck s o f co a l c o m p a n ie s a cq u ire d In 1909. V . 88,
p. 750, 1256, 1375.
K A R N I N G S .— F o r 3 m os. e n d in g M ch. 31 1909, gro ss, $ 83 1,45 5; net,
*290 312: In t., s. f . . ta x e s , te c ., $ 12 9,66 6; d l v ., I X % , $ 15 3,75 0; b a l.,
a u r ., ’ $ 6 ,8 9 5 .
V . 88, p . 1375.
R E P O R T .— F o r 1908, V . 88, p . 999.
Y ear
C ross.
Total N et. C h g es.,ctc . B a l.fo r D iv . D ividends. B a l.,S ur.
1908
$ 3 ,691,746 $ 1 ,4 0 6 ,2 6 0 $57 2,00 0 $834,260 (8 % ) $820,000 $14,260
1907
4,6 4 3 ,8 0 4
2,1 1 8 ,2 2 5
646 ,816 1 ,471,409 (8 % ) 8 20 ,000 651,409
— ( V .’ 8 8 , p . 750, 999. 1004, 1256, 1315, 1375, 1502, 1623.)
C O R N P R O D U C T S R E F IN IN O C O .— O R G A N I Z A T I O N .— In c o r p o r a te d
F eb . 6 1906 as an am a lga m a tio n p er plan V . 82. p . 103, 1321; V . 8 5 , p . 527;
V . 86, p . 1412; V . 8 7 , p. 42.
T o ta l ca p a c ity o f all plan ts. In clu din g th ose n o t o p e r a te d , a b o u t 235,500
b u . d a lly .
V . 82, p . 1321. C o m p e titio n , s e c V . 83, p. 689; V . 8 8 , p . 1623.
N ew plan t b u ild in g M arch 1909, 15 m iles fro m C h ica g o , c a p a c ity 60,000
bushels d a l y .
V . 84, p . 696; V . 87, p . 938: V . 88, p . 628 , 1623.
D I V I D E N D S .— O n p r e f. s t o c k , 1 % q u a r .. p aid J u ly 1906 to Jan . 1907,
In cl.; A p ril 1907, 4 % , m ak in g 7 % fo r fiscal y e a r e n d in g F e b . 28 1907: J u ly
1907 to A p ril 1909, 1 % q u a rte r ly , an d A p ril 1908 and 1909, 1 % e x t r a ,
ln g 5 % ea ch fo r fiscal years 1907-08 an d 1908-09; J u ly 1909, 1 % ; O c t ., 1 % .
B O N D S .— O f th e N ew Y o r k G lu cose 6s, 4 % o t ea ch b o n d ($40) is retlra b le S e p t. 1 y e a r ly , b e g in n in g 1902, b u t the b o n d s are n o t s u b je c t to call.
V . 74, p . 1086.
T h e J u ly 1909 c o u p o n o n N a tio n a l S ta rch 5 % d e b e n tu re s w as d e ­
fa u lte d , b u t Corn P rod u cts R e fin in g C o . pu rch ased sa m e . A c o m m itte e ,
con sistin g o f J. D . H iggin s, J o y M orton an d A . H cc k s c h e r (address care o f
T itle G u aran tee fc T ru st C o ., 176 B r o a d w a y , N . Y . ) , has be e n fo rm e d a t the
req u est o f a m a jo rity ot the d e b e n tu re s , w ith a v ie w to re o rg a n iz a tio n . It
Is e x p e c t e d the d eb en tu re s and N a t. S ta rch 1st m tg e . b o n d s will be offered
a less a m o u n t o f new b on d s, to be g u a ra n te e d b y th e C orn P r o d u cts R efining
C o .; V . 89, p. 106.
O f th e d e b e n tu re s , $ 3 ,5 5 0 ,0 0 0 an d o f the 1st m tg e .
b on d s $546,000 w ere In J u ly 1909 In the hands o f th e p u b lic an d $50 ,0 0 0 and
$ 2 ,2 4 7 ,0 0 0 r e s p e ctiv e ly held b y the C orn P r o d u cts R e fin in g C o.




R ate
%

W hen
P a ya b le

& O
$ 6 ,3 6 0 ,0 5 4 6 In 1909 A
265 ,5 0 0 V a rio u s V a riou s
4 .2 4 3 .0 0 0
4X g M & N
&
9 .8 3 2 .0 0 0
4H g J
J
6
J
&
J
3 ,5 8 4 ,5 0 0
5 £
.T &
J
3 .4 0 0 .0 0 0
See t e x t
4X g A & O
J
3 .7 2 1 .0 0 0
& D
5 g
5
J
&
1 ,0 0 0 ,0 0 0
J
1 9 ,0 2 6 ,0 0 0 S ee t e x t
4 5 5 .0 0 0
4 « g
4 .8 8 5 .0 0 0
4H g
3 .0 0 0 . 000
5 g
4 9 ,7 5 5 ,1 0 0
2 9 ,8 1 7 ,7 0 0 S ee t e x t
1.9 8 7 .0 0 0
5 £
5 .0 0 0 .
000 g
5
3 .5 5 0 .0 0 0
a50 9 ,0 0 0
546.000
1,7 2 6 ,7 2 0
300 .0 0 0
2 4 ,5 7 8 ,4 0 0
2 4 ,4 3 6 ,5 0 0 See
19,6 8 0 ,1 5 0 See

5
6
6
6
6

g
g
g
g
te x t
te x t

W here P a y a b le, and by
W hom
C h eck s m ailed
A le x B ro w n & S o n s, B a lt
N ew Y o r k an d B a ltim ore
F a rm & M erch B k , B a lt
do
do
F id e lity & D e p C o . B a lt
N o rth e rn T ru s t C o , P h ila
C h eck s m ailed

B on d s— P r in c i­
p a l, W hen D u e
Stocks— I-ast
D ivid en d
O c t 1 1909 3 %
1910, 1916 & ’ 24
M ay 1 1929
F e b 14 1935
J u ly 1 1910
J u ly 1 1939
A p r 1 1954
Ju n e 1 1947
J u ly 1 ’ 09 2 H %

C o , N Y O ct
Jan
do
C o , N Y M ay
C o , B a lt D e c

3 0 ’ 09 I X
1 1922
1 1934
1 1958

J
M
J

0 - -J G u a ra n ty T ru s t
&
do
J
& N S ta n d a rd T r u s t
& D F id e lity T r u s t

M
M

O ct 11 ’ 09 1 %
O— J
& N T itle G u a r & T r C o , N Y N o v 1 1931
M a y 1 1934
& N N ew Y o r k

J
.1
M
M
M

&
&
&
&
&
9— M
Q— J

J
l>
N
S
N

J u ly ’ 09 c o u p pu rch ased J u ly
I n te r n e t T ru s t C o , B o st D e c
M ay
K in g s Co T ru st C o , B k ly n S e p t
F ran k lin B a n k , S t L ou is N o v

1
1
1
1
1

1925
1921
1920
1926
1913

C h eck s m ailed f r T r o ffic e Sept 30 ’ 09 I X
O ct 1 1909 2 %
C h eck s m ailed

In M arch 1907 $ 2 ,1 9 9 ,0 0 0 o f th e $ 2 ,8 4 3 ,0 0 0 N a t. S tarch M fg . 6 % b on d s
w ere e x c h a n g e d a t p ar fo r C orn P r o d u cts R e fin in g 2 5 -y c a r 5 % d e b e n tu res,
w ith a sin k in g fu n d o f $ 1 1 4,00 0 p a y a b le N o v . 1 a n n u a lly fo r re d e m p tio n o f
b o n d s b y lo t a t p ar. T h e d e b e n tu re s are t o b e secu red b y a n y n ew m o r t ­
g a g e o f the R e fin in g C o . o t h e r than a p u rch a se m o n e y m o rtg a g e : T itle
G u a ra n ty & T ru s t C o. o f N . Y . , tr u s te e .
V . 8 3 , p . 820; V . 85, p . 527.
T h e 1st 2 5 -y e a r 5s o f 1909 ($ 1 0 ,0 0 0 ,0 0 0 a u th . Issue) are se cu re d b y a first
Hen o n all th e p r o p e r ty o f th e c o m p a n y an d Its su bsid iaries now- o w n e d o r
h e re a fte r a cq u ire d (e x c e p t ce rta in real e sta te In C h icago n o lo n g e r n e e d e d ),
s u b je c t o n ly to $ 1 ,7 2 6 ,7 2 0 N . Y . G lu co se an d $30 0,00 0 S t. L o u is S y ru p &
R e fin in g b o n d s. A n n u al sin k , fu n d o f 2 % o f to ta l a t a n y tim e Issued m a y
b e used to draw b o n d s a t 105 a n d Int. O f th e b o n d s $ 5 ,0 0 0 ,0 0 0 h a ve b e e n
s o ld . $ 1 ,9 8 9 ,0 0 0 are re served to retire d e b e n tu re s and r e m a in d e r to retire
$ 2 ,0 2 6 ,7 2 0 u n d erlyin g b o n d s fo r Im p ro v e m e n ts .
V . 88, p . 106 4, 1256, 1439.
R E P O R T fo r y e a r e n d in g F e b . 29 1909 In V . 88 p . 1370, sh o w e d ; T o t a l
In com e, $3 ,6 8 4 ,4 6 5 ; in t ., ta x e s , Ins., & c., $36 0 ,8 5 5 ; p ro fit-sh a rin g re s e rv e .
*50 5 ,0 0 0 ; d lv . o n p r e f. s to c k ( 5 % ) , $ 1 ,5 0 0 ,0 0 0 ; a d d itio n s an d b e tte r m e n ts .
$34 7 ,4 1 1 ; b a la n c e , su rplu s, $ 9 7 1 ,1 9 9 . D eficit o f N a tio n a l S ta rch C o .,a ft e r
In terest, ta x e s an d new co n s tr u c tio n ($ 2 5 ,3 6 8 ), $ 11 8,44 9.
D I R E C T O R S .— E . T . B e d fo r d (P r e s .), W . J . M atheson ( V . - P .) , F . T .
B e d fo r d , W . H . N tch los. E . B . W a ld e n . C h as. M . P r a tt, J . A . M o ffe tt.
G eorge M o ffe tt, F . T . F ish er, R u d o lp h W ln te rm a n , C. M . W a r n e r , G . S.
M a h o n e , T h o m a s K ln g s fo r d , J . B . R e ic h m a n n an d W . W . H e a t o n .— ( V . 89,
p . 106, 780.)
(VVM.) CRAMP & SONS’ SHIP & ENGINE BUILDING CO.— I n c o r p o ­
rated In P e n n sy lv a n ia M ch . 26 1872. P ro p e rtie s o w n e d , V . 78, p . 46.
S T O C K .— S to c k , as Increased Ju n e 1903, $ 6 ,2 5 0 ,0 0 0 : o u ts ta n d in g , $ 6 ,­
0 98 ,000 ; p ar o f sh ares, $100.
O f this $ 4 ,6 4 8 ,6 0 0 has b e e n d e p o s ite d w ith
v o tin g tru ste e s, v iz .: E . T . S to t e s b u r y and R ich a rd R u s h to n , P h lla ., and
G eo. F . B a k er, N . Y .
V . 76. p. 921 , 975 , 1087; V . 78, p . 46.
D I V I D E N D S .— \ 1892.
’ 93. '9 4 . ’ 95. ’ 96. '9 7 . ’98. ’ 99. ’ 00. ’ 01. '0 2 .
P e r c e n t ________ J 8 & 2 0 s c r .
10
18
7
N one I X
5
5
i
3X
N o d iv id e n d s sin ce to O c t . 1909. V . 75, p . 1256.
B O N D S .— T h e 5 % serial n o te s ($ 3 ,9 8 0 ,0 0 0 o u tsta n d in g ) m atu re part
Ja n . 1 an d J u ly 1, s e m i-a n n u a lly , v iz .: $ 1 1 0,00 0 to J u ly 1913, then
* 1 40 ,000 fo r 5 y e a rs, then $17 0,00 0 fo r 5 y e a rs, b u t s u b je c t to call a t
102 X', secu red b y $5,0 0 0 ,0 0 0 co n s o l. 5s o f an a u th o riz e d Issue o f $ 7 ,­
500 ,000 ; o f the la tte r, $2,0 0 0 ,0 0 0 are re se rv e d to retire p rio r liens and
$50 0,00 0 fo r fu tu re pu rp oses. S e c V . 76, p. 921 , 975 . F irst m tg e . g o ld 5s
o f 1899, $1,2 5 0 ,0 0 0 (Int. M & S ), d u e M ch . 1 1929, bu t s u b je c t to call $ 2 5 ,­
000 y e a rly Jan . 31 a t 110 fo r a sin k in g fu n d .
R e a l e sta te m tg e s. A p r . 30
1909, $ 57 9,91 2.
V . 67. p . 1310: V . 6 8 , p . 383; V . 78, p . 46.
R E P O R T .— R e p o r t fo r 1908-09 In V . 89, p . 3 7 , s h o w e d : N et e a rn ­
ings (Incl. su b s id ia rie s ), $ 74 7,95 0; ch a rg e s , $ 30 1,79 7; b a l., s u r ., $44 6 ,1 5 3 .
In 1906-07, n et, $32 8,32 8; c h a rg e s, $ 32 4,92 0; b a l., s u r ., $ 3 ,4 0 8 . C h air­
m an o f B o a rd , C harles H . C ram p: P r e s ., H e n ry S. G ro v e ; V .- P . a n d G en .
M gr., H . W . H a n d .
D irectors Ju n e 1907, V . 85, p. 43. O ffic e , P h ila ­
d e lp h ia .— (V . 86, p . 1591: V . 87, p . 3 5 ; V . 8 8 , p . 1623; V . 8 9 . p . 37.)
CRUCIBLE STEEL CO. OF AMERICA.— O R G A N I Z A T I O N .— I n c o r ­
p o ra te d o n J u ly 21 1900 u n d e r th e laws o f N ew Je rse y to co n s o lid a te 13
p ro p e r tie s .
V . 71, p . 32; V . 7 3 , p . 842; V . 8 4 , p . 573.
In M ay 1904 the C lalrton S teel C o . w as sold to th e U . S . S te e l C o rp o ra tion ,
th e la tte r in p a y m e n t t h e r e fo r g u a ra n te e in g o r assum ing th e b o n d s ($ 1 1 ,­
916,715) an d g iv in g $ 1 ,0 0 0 ,0 0 0 o f 1 0 -6 0 -y e a r 5 % b o n d s. T h e C ru cible C o.
agrees to take 120,000 tons o f s te e l y e a r ly fo r 10 ye a rs and a b o u t 8 0 ,0 0 0 tons
o f p ig Iron o n a slid in g sca le o f p rice s. V . 7 8 , p . 1552, 2014; V . 79, p . 1267.
D I V I D E N D 1 ’ 0 1 . ’ 02. ’ 03. ’ 04.
’ 05. ’0 6 . ’ 07. ’ 08.
1909.
o n p re f. ( % ) . _ / 7
7 5 X N o n e D e c ., 1 6 5 X
0 l . l X d X ) (— )
O verd u e t o S e p t. 1909, 25 X % V . 86, p . 723; V . 89. p . 723.
B O N D S .— $10 0,00 0 5 % p u rch ase m o n e y m o rtg a ge d u e 1911.
R E P O R T .— Y e a r e n d in g A u g . 31 1909, V . 89, p . 915 , sh o w e d gross e a rn ­
ings, $ 1 2 ,1 2 1 ,6 5 1 ; o p e ra tin g p r o fit, * 1 0 ,1 2 6 ,2 4 3 ; m o n th ly p ro v is io n s fo r
revision o f In v e n to ry v alu es a n d c o n tin g e n c ie s , $20 8,33 5: n e t, $ 1 ,9 9 5 ,4 0 8 ;
o th e r in co m e (n e t ), $ 19 ,518 ; d lv s . (2 % ) , $54 9 ,8 2 1 ; b a l., su r., $ 1 ,4 6 5 ,1 0 5 .
C h airm an , H erb ert D u p u y ; P re s., F ran k B . S m ith : T r e a s ., G . A . T u rv llle ; S e c ., Charles A. R o w la n d s .
O ffic e , F rick B ld g ., P itts b u r g h . P a .—
(V . 89. p . 91 5 . 922.)
C U D A H Y P A C K IN G C O .— V . 8 8 , p . 1256; V . 8 9 , p . 166, 222 .
CUMBERLAND TELEPHONE & TELEGRAPH.— O rga n ized In K e n ­
tu c k y In 1883 and o p e r a te s u n d e r p e rp e tu a l an d e x clu s iv e licen se fro m
A m e rica n B ell T e le p h o n e C o. th ro u gh the en tire S tates o f M ississippi an d
L ou isian a, the g re a te r parts o f T e n n e sse e and K e n tu c k y , and a fe w co u n ties
In In d ia n a an d Illin ois. A m e rica n (B ell) T e le p h o n e & T e le g ra p h C o. ow n s
$ 1 0 ,5 0 8 ,4 0 0 o f the $1 9 ,6 8 0 ,1 5 0 s t o c k . S u b scribers A u g . 1 1909, $ 2 0 1 ,3 7 9 .
S T O C K .— L im it o f s lo c k w as Increased In F e b . 1907 to $ 3 0 ,0 0 0 ,0 0 0 .
V . 84, p . 39 3 , 105, 162: V . 85, p . 224.
„„
D I V I D ’ S .— 1 ’ 92 to ’ 97. ’ 98. '9 9 . '0 0 . ’ 01 to J u ly '0 8 . S in ce to O c t . 0 9 .
P e r c e n t _______] 4 y e a r ly .
5
6
6
(7 ( Q - J ) .
2 (q u a r.)
A lso a sp ecial d is trib u tio n o f 2 % In s to c k o f A m er. T e l. & T e l. Co. O c t . 1
1909.
V . 89, p . 667.
B O N D S .— T h ese co n sist o f $ 7 6 1,00 0 first 5s (see ta b le a b o v e ) ; $23 9,00 0
2 0 -y c a r d e b . 5s (Int. F . & A .) d u e F e b . 1 1920, b u t r e d e e m a b le a t p a r.
E A R N I N G S .— 8 m o s ., 1 1 90 9.................G ross, *4 ,2 2 4 ,3 0 0 ; n e t, $ 1 ,804,791
Jan . 1 t o A u g. 3 1 .
J 19 08_________ G ross, 4 ,0 4 6 ,5 8 5 : n e t. 1 ,717,279
Surplus o v e r c h a r g e s , $ 1 ,4 6 5 ,8 5 4 In 1909, a gain st $ 1 ,4 2 0 ,1 8 7 l n l9 0 8 .
R E P O R T .— R e p o rt fo r y e a r 1908 in V . 88. p . 1555, sh o w e d : G ross,
$6 ,1 4 1 ,8 1 6 ; n e t a b o v e fix e d ch a rg e s , $ 1 ,9 9 3 ,4 3 0 ; d lv s. ( 7 % ) , $ 1 ,4 7 6 ,0 1 1 ;
b a l., s u r ., $51 7 ,4 1 9 : O ffic e s , N ash ville, T e n n .— (V . 8 9 , p. 53 1 , 66 7 .)
DENVER GAS & ELECTRIC CO.— O R G A N I Z A T I O N .— In c o r p o r a te d
In A p ril 1899 as a c o n s o lid a tio n . S t o c k , $3 ,5 0 0 ,0 0 0 ; p a r, $100.
R eor­
g a n iz e d in 1903 p e r plan V . 76, p. 812 . S ee V . 78, p. 585.
In Ju n e 1909
a plan w as u n d e r co n s id e ra tio n to fo rm a new' c o m p a n y to b e ca lle d p r o b ­
a b ly the D e n v e r Gas & E le ctric L ig h t C o ., w ith an a u th o riz e d b o n d Issue
o f $25 ,0 0 0 ,0 0 0 to $ 30 ,000 ,00 0 and a s to c k Issue larger th an th e p resen t
Issue, $ 3 ,5 0 0 ,0 0 0 .
In Ju n e 1909 th e floa tin g o f th e n ece ssa ry b o n d Issue,
it Is said, w as a rra n ge d .
V . 8 8 , p . 1440, 1624.
N ew 2 0 -y c a r fra n ch ises g ra n te d In 1906, V . 8 3 , p . 40. 1414, 1526. T h e
s to c k o f L a co m b e E le ctric C o . was a c q u ir e d In J u ly 1906. V . 74, p . 1359:
V . 83, p. 154. T h e L a co m b e E le ctric has o u ts ta n d in g $90 0,00 0 first gold
5s, d u e M ay 1 1921, Int. M . tc N . a t o ffic e o f In te rn a tio n a l T r u s t C o .,
D e n v e r , tru stee, an d M orton T ru st C o ., N ew Y o r k , s u b je c t to call a t 104.
(V . 88, p. 1257.)
D I V I D E N D S .— X % m o n th ly p aid J u ly 1907 t o O ct. 1909, In clu sive.
B O N D S .— T h e o u ts ta n d in g $ 4 5 8,00 0 p rio r Hen 15-year g o ld 6s d u e A p r. 1
1918 w ere called fo r p a y m e n t a t par O c t . 1 1909. V . 88, p . 1311.
G eneral m tg e . g o ld 5s, $ 8 ,0 0 0 ,0 0 0 a u th o r iz e d , o f w hich $ 5 ,8 3 4 ,0 0 0 o u t­
sta n d in g ($100, <5cc., e a c h ), d a te d M ay|l 1903. d u e M ay 1 1949. b u t ’ s u b je c t

M I S C E L L A N E O US
F o r exp la n a tion o f colu m n headings, & c ., see notes on
first page o f tables

Cumb T & T ( C on cl ) — F i r s t M $ 1 , 0 0 0 , 0 0 0 g s f ( o t h e r s e e t e x t )
Denver Union Water Co— F i r s t m o r t g a g e $ 8 , 0 0 0 , 0 0 0 g o l d ____
S o u th

P la t t e C a n & R e s 1 s t M g o ld g u (e n d ) r e d ( t e x t ) . . M o
Detroit City Gas— S t o c k $ 7 , 5 0 0 , 0 0 0 . __________________________________
P r i o r lie n m o r t g a g e $ 6 ,0 0 0 ,0 0 0 g o l d .
______ _______________ N . c *
D e t r o i t G a s c o n s o l m o r t g a g e f o r $ 4 , 0 0 0 , 0 0 0 g o l d ____ G . c & r
D e t r o i t C i t y G a s g e n m t g e $ 1 0 ,0 0 0 ,0 0 0 g o ld (s e e t e x t ) . . E q
Detroit Edison— S t o c k $ 6 , 0 0 0 , 0 0 0 a u t h o r i z e d ___________ ________
F i r s t m o r t g a g e $ 1 0 , 0 0 0 , 0 0 0 g o l d ______ ___
_________________ S . c *
D e b e n t u r e s $ 1 , 0 0 0 , 0 0 0 c o n v e r t i b l e s i n c e S e p t 1 9 0 8 _________
E a s t e r n M ic h ig a n E d is o n fir s t m t g e $ 1 0 ,0 0 0 ,0 0 0 g g u a r . T a
Detroit Mackinac & Marquette R R Land Grant— I n c o m e b d s
Diamond Match— S t o c k $ 1 6 , 0 0 0 , 0 0 0 ( l i s t e d i n C h i c a g o & N Y )
C o u p o n g o ld n o te s r e d e e m a b le a t 1 0 1 , d u e $ 5 0 0 ,0 0 0 y e a r ly
Distillers’ Securities Corp— S t o c k o n e c l a s s $ 3 2 , 5 0 0 , 0 0 0 ________
C o l l t r u s t A t $ 1 6 ,0 0 0 ,0 0 0 g c o n v c a ll 1 0 5 s in c e 1 9 0 8 ( t e x t ) _ c *
A m e r i c a n S p i r i t s M f g 1 s t M g o l d c a l l a t 1 0 5 s f 5 % ____ M a . c *
------------------Dominion Coal— C o m m o n s t o c k $ 1 5 , 0 0 0 , 0 0 0 . .
P re fe rr e d 7 %
c u m u la tiv e (t e x t ) c o n v e r t ib le r e d e e m a b le ..
F i r s t m o r t g a g e g o ld s in k in g f u n d (s e e t e x t ) r e d e e m a b l e . .
Dominion Iron & S t e e l — P r e f s t o c k 7 % c u m c o n v e r t i b l e ______
1 s t m t g e g o l d s u b j e c t t o c a l l a t 1 1 0 s i n k f u n d --------------------C o n s o lid a t e d m o r t g a g e $ 2 0 ,0 0 0 ,0 0 0 a u t h r e d e e m a b le 1 0 5 . .
Duluth Edison Elec— P r e f s t k ( a l s o a s t o a s s e t s ) 6 % c u r e d 1 2 0
F i r s t m o r t g a g e $ 2 ,0 0 0 ,0 0 0 g o l d r e d e e m 1 0 5 s in k f u n d . . O B
(E I) du Pont de Nemours Powder— C o m s t o c k ( $ 3 0 , 0 0 0 , 0 0 0 )

I N T E R E S T OR D I V I D E N D S
D a te
oT
B on d s
1898
1894
1903
1903
1903
1903
1903
1906
1906

1908
1902
1895

1905
1899
1909
1 00G

S iz e, or
Par
V a lu e

$ 7 6 1 ,0 0 0

$ 1 ,0 0 0
100 & c
500 & c
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
1 ,0 0 0
100
1 ,0 0 0
100
1 ,0 0 0
1 ,0 0 0
100
100
500 & c
100
$

8 ,0 0 0 ,0 0 0
2 .4 0 0 .0 0 0
6 .5 8 0 .0 0 0
5 .6 1 9 .0 0 0
3 8 1 .0 0 0
5 0 0 .0 0 0
5 .0 0 0 .
7 .9 7 9 .0 0 0
1 .0 0 0 .
5 6 0 .0 0 0
1 .3 9 0 .0 0 0
1 6 ,0 0 0 ,0 0 0
1 .5 0 0 .0 0 0
3 0 ,7 6 6 ,9 9 7
1 3 ,9 9 9 ,5 5 8
1 .4 9 6 .0 0 0
1 5 ,0 0 0 ,0 0 0

3 .0 0 0 .

& £
100
1 ,0 0 0
100

to call o n M ay 1 1008 a t p a r, M ay lOOOJat 101, M ay 1010 a t 102, M ay 1011
a t 103, M ay 1012 a t 104 an d M ay 1013 o r a n y Interest d a y th e re a fte r a t 105;
In terest M . & N . a t E m erson M cM Ulln & C o ., N e w Y o r k ; T ru s t C o. o f
A m e r ic a , tru stee. S ee V . 82, p. 103. V . 8 0 , p . 983 . O f the general 5s,
s u ffic ie n t are reserved to retire all u n d e rly in g b o n d s.
T h e o n ly u n d erly in g b on d s re m a in in g o u ts ta n d in g O ct. 1908 w ere $ 9 3 6 ,­
600 D e n v e r C on sol. Gas 2 0 -y e a r g o ld 6s, d u e N o v . 16 1911, in t. J . & J. at
E m e r s o n M cM Ulln & C o ., N . Y . , s u b je c t to call a t 105. C oll, n o te s , $ 2 5 0 ,­
000 , 7 % , d u e S e p t. 1910, w ere p aid o lf S e p t. 1 1909. V . 8 6 , p . 1533.
E A R N I N G S .— R e p o rt fo r y e a r e n d in g M ay 31 1909 w as In V . 88, p. 1311.
G ross, $ 2 ,2 7 9 ,6 4 3 ; n e t, $ 98 5,19 6; ln t ., $38 9 ,3 0 7 ; d iv . o n s to c k ( 6 % ) , $ 2 1 0 ,­
000; b a l., s u r ., fo r y e a r , $ 38 5,88 9; to ta l su rp lu s, $ 1 ,3 3 8 ,2 6 7 .
P r e s ., H e n ry
L . D o h e r ty , 60 W a ll S t ., N . Y .— (V . 88, p . 1624; V . 8 9 , p . 46, 472 .)
DENVER UNION WATER.— A co n s o lid a tio n O ct. 1894. F ran ch ises run
until 1910. o n Sept 30 1907 an o rd in an ce w as passed p r o v id in g for an
appraisal w ith a view to purchase b y the c it y or a new francnlse under a new
c o n t r a c t rate; p r o p e r ty w as a pp ra ised at $ 1 4 ,4 0 0 ,0 0 0 M ch. 20 1909; tim e
n ot y e t set for su b m ittin g q u e stio n o f purch ase to v o te r s .
V . 88, p.
946 .
V . 8 5 , p. 1145; V . 88, p. 946. C apital stk . Is $ 5 ,0 0 0 ,0 0 0 c o m m o n and
$ 2 ,5 0 0 ,0 0 0 5 “,;, non c o m . pref.
D lv .o n c o n i . a n d pref. s lo c k s o f 5 % paid
A p r. 10 1905, Jan. 2 1906 and Jan 2 1907 5 % each at F a n n e rs' L oa n & T r.
Co , N. Y
H otels. $ 8 ,000,000
T h e South P la tte Cana! & R e se rvo ir C o .,
w h ose s t o c k Is all o w n e d , c o m p le te d a n ew re se rv o ir In 1904; Its $ 4 ,0 0 0 ,0 0 0
a u th o r iz e d 5 % b on d s are g u a ra n te e d ; the la tte r are s u b je c t to call a t 105
b e tw e e n A p ril 10 1910 an d A p ril 9 1911. V . 79, p. 231, 289 . S ee table
above.
P res., D . H . M offa t; T r e a s ., F . G . M o ffa t.— (V . 88, p . 946.)
DETROIT CITY GAS. — O rga n ized in M ch . 1898 an d o w n s all th e gas
p ro p e rtie s in D e tr o it, M ich .
H as a fra n ch ise till 1923.
In 1906 the A m e r.
L ig h t & T r a c tio n C o. a c q u ir e d a b o u t 9 7 % o f the s t o c k . V . 8 2 , p . 283 , 989.
S T O C K .— A u t h ., $ 7 ,5 0 0 ,0 0 0 ; o u t s t 'g , $ 6 ,5 8 0 ,0 0 0 , $ 1 ,5 8 0 ,0 0 0 be in g
s u b s c r ib e d fo r in D e c. 1908; p a r, $100. V . 88, p . 103; V . 8 7 , p . 1666. D iv i­
d e n d s, 2 A % , 1899; 1900, 5 % ; 1901, M ay, 2 ) 4 % ; In 1903, 5 % I n 6 % c t fs .,
p a id D e c . 1904; In 1904, 5 % ; In 1905, 6 % ; In 1906 an d 1907, n o t m a d e p u b ­
lic; In S e p t, an d D e c. 1908, 2 % e a ch d e cla re d .
V . 87, p . 1666.
B O N D S .— T h e prior lien m o r t. Is fo r $ 6 ,0 0 0 ,0 0 0 , o f w n lch $38 1,00 0 to re ­
tire th e ou ts ta n d in g 5s o f 1893.
P rio r lien b o n d s are s u b je c t to call a t 110.
O f th e g e n . 5s o f 1903 ($ 1 0 ,0 0 0 ,0 0 0 a u th o riz e d issu e, E q u ita b le T ru s t C o. o f
N . Y . , tru stee,) $6,0 0 0 ,0 0 0 are reserved to retire the p rio r liens; presen t is­
su e, $50 0,00 0; N os. 1 to 1,000 m atu re $100,000 y e a r ly fro m J u ly 1 1913 b u t
a re s u b je c t to call a t par; If c a lle d , h o ld e r m a y take new b o n d s d u e J u ly 1
1923, s u b je c t to call a t 105; ba la n ce m atu res J u ly 1 1923. V . 77, p . 253;
V . 7 8 , p . 822. S ta tem en t to N . Y . S to c k E x ch a n g e , V . 79, p . 102.
O F F I C E R S .— P resid en t, E m erson M cM U lln, N ew Y o r k ; G en . M g r., Irv in
B u tte r w o o d , D e tr o it, M ich .— (V . 8 2 ,p .2 8 3 ,9 8 9 ;V . 87, p . 1666; V . 88, p .1 0 3 .)
DETROIT EDISON CO.— O R G A N I Z A T I O N .— I n c o r p o r a te d In Jan
1903 a n d a b s o r b e d the E d iso n Illu m in a tin g C o. o f D e tro it an d P en insu lar
E le c tr ic L ig h t C o.; does en tire e le ctr ic -lig h t business In c it y .
V . 76, p . 215.
O w ns en tire s t o c k o f E a stern M ich . E d iso n C o ., h a vin g e le ctr ic -lig h t p r o p ­
erties ou tsid e o f D e tro it w hose b o n d s are g u a r a n te e d .
V . 84, p . 751.
C on trolled b y N orth A m e rica n C o. V . 79, p . 2645. S to c k a u th o r iz e d ,
$ 6 ,0 0 0 ,0 0 0 ; Issued, $ 5 ,0 0 0 ,0 0 0 , rem a in d er b e in g reserved fo r e x ch a n g e fo r
th e c o n v e r tib le b on d s; par, $100.
F irst d iv id e n d , 1 % ( q u a r .) , p aid J u ly 15
1909; O c t ., 1 % .
V . 88, p . 1440.
B O N D S .— R e m a in in g m o rtg a g e b o n d s ca n o n ly be Issued fo r n o t e x ­
ce e d in g 7 5 % o f th e cost o f a d d itio n s and Im p ro v e m e n ts. V . 77, p. 2037. T h e
d e b e n tu re b on d s are c o n v e r tib le Into s to c k a t o p t io n o f h o ld e r an d r e d e e m ­
a b le a t p ar on o r a fte r S e p t. 1 1910.
V . 83, p . 275; V . 87, p . 350 . E a stern
M ich igan E d ison g u a ra n te e d b o n d s, see a b o v e .
V . 84, p . 751.
F o r 8 m on th s en d in g S ep t. 30 1909, gross, $ 1 ,3 6 3 ,7 4 1 , a gain st $ 1 ,1 3 8 ,9 6 1 ;
In 1908, n e t, $ 60 7,32 8, a gain st $46 7,58 5; Interest, $34 6,51 2; b a l., s u r .,
$ 2 6 0 ,8 1 6 .
F o r y ea r en d in g D e c. 31 1908, gross, $1,7 8 8 ,8 1 2 ; net o v e r
ta x e s , $ 68 2,73 1; ln t. on b o n d s , & c., $52 9,75 2; b a l., s u r ., $15 2 ,9 7 9 .
P res., C. W . W etm ore; S e c ., S. W . B u rt; T r e a s ., G e o . R . S h e ld o n , N . Y .;
o ffic e , 30 B roa d S t.— (V . 87, p. 350; V . 8 8 , p . 161, 1440, 1624.)
DETROIT MACKINAC & MARQUETTE RR. LAND G R AN T — U n der
the reorg a n iza tion o f the D e t. M ack . & M a rq u e tte R R ., fo re clo se d O ct.
1886, the h olders o f the land g ran t Incom e b o n d s retain ed their Hen o n the
lands a lon g the line o f the road in N o rth e rn M ich igan . S ee V . 76, p . 751.
In te r e s t Is p a y a b le A p ril an d O ct. as e a r n e d , at n o t e x c e e d in g 7 % ye a rly ;
ou ts ta n d in g , $ 1 ,390,000 ; o f the b o n d s, $ 1 ,3 3 9 ,0 0 0 pu rch ased in 1903 to Ju ly
1905.
V . 77, p . 173, 1871, 2035, 2280; V . 79, p. 627.
F r o m O ct. 1892 to A p r . 1902 2 % Interest w as p aid (1 % e a c h In A . & O.)
a t C en tral T ru s t C o ., N . Y .; In A p r. 1903 to A p r. 1906, b o th ln c l., 3 ) 4 %
ea ch (A . & O . ) ; O ct. 1906, 1 % ; 1907, non e; 1908, A p ril, 1 % ; O c t ., non e;
'0 9 , A p r., non e; O c t ., 1 % . V . 83, p . 751, 818; V . 84, p . 803. In A u g . '02 sale
w as a rran ged fo r a b o u t $1,2 5 0 ,0 0 0 o f 1 ,000,000 a cre s, re servin g fo r the
b on d s m in eral rights In M a rq u ette C o u n ty . T h is le ft u n sold Jan . 1 1909
181,397 a cres, besides m in eral rights o n 95,724 acres.
S ta tem en t fo r 1908 w as In V . 89, p . 3 4 5 . — (V . 89, p . 667, 918 .)
DIAMOND M ATC H— O R G A N I Z A T I O N , & c.— O rga n ized in 1889 u n ­
d e r law s o f Illin ois. O w ns fa c to r ie s a t B a rb e rto n , O ., D e tr o it, M ic h ., O sh­
k o s h , W ls .. O sw e g o , N . Y . , P o r tla n d , M e ., C h ico , C a l., & c.; c o n tr o ls c o m ­
pan ies In E n g la n d , G erm a n y, S w itz e rla n d , P e r u , S o u th A fr ica , & c.: see
V . 76, p . 380 , 656; V . 82, p. 389; sto re p ro p e rtie s a t P h ila d e lp h ia a n d S t.
L o u is , an d saw -m ills, w ith e x te n s iv e pine s tu m p a g e . V . 7 3 , p . 135; V . 76,
p . 380 , 1087; V . 86, p. 1283. A s to C a liforn ia lu m b e r p u rch ase, see V . 76,
p . 380; V . 78, p . 700; V . 80, p . 648; V . 8 2 , p . 389; V . 8 6 , p . 1283.
S to ck h old ers o n M ay 6 1908 v o t e d to a cq u ire th e h a lf-in te re st o f B ry a n t
& M ay In C a liforn ia lu m b e r p u rch ase fo r $ 2 ,2 5 0 ,0 0 0 ; o f this $1,7 5 0 ,0 0 0
to be paid in sem i-an n u al Installm ents to Jan . 15 1923, w ith Int. a t 5 % .
V . 86, p . 1283.
In 1908 Issued $ 2 ,0 0 0 ,0 0 0 5 % g o ld n o te s d u e $ 5 0 0,00 0
J u ly 1 y e a r ly to 1912.
V . 86, p . 1470.
D I V I D E N D S .— 11893. 1894. 1895.
1896 to 1908.
1909.
20
10
21 1-9
10 (2 )4 q u a r.)
2, 2, 2 (— )
S in ce 18 9 2 _______% ]
D iv id e n d s b egin n in g M ch . 1909 are de cla re d a t th e regu lar ra te o f 8 %
p er a n n u m (so as to p erm it a r e d u c tio n o f llo a tln g an d o th e r d e b t) w ith
e x tra s as c o n d itio n s m ay w arra n t. V . 8 7 . p. 1422, V . 8 8 , p . 508.
A N N U A L R E P O R T .— R e p o r t fo r y e a r e n d in g D e c. 31 1908, In V . 88,
p . 745, sh ow ed n et o v e r $38 5,18 7; d e p r e c ia tio n , & c., $ 1 ,8 9 4 ,7 2 4 ; d iv s .,
1 0 % , $1,6 0 0 ,0 0 0 ; recon stru ctio n ch a rged o ff, $ 59 ,848 ; gen eral reserve,
$20 ,0 0 0 ; b a l., s u r ., $21 4,87 6.
In 1907, n e t, $ 2 ,2 9 6 ,0 7 6 . C h airm an o f
B o a rd , O . C. B arber; P res, an d T r e a s ., E ilw . It. S te ttin lu s; S e c ., H . F .
H olm a n ; A u d ., H . C. C ranz.
G eneral o ffic e s , 26 M arket S t ., C h ica g o .
N . Y . o ffic e s . I l l B ’w a y . — (V . 88, p . 508, 745, 1200, 1256.)
DISTILLERS’ SECURITIES CORPORATION.— O R G A N I Z A T I O N .—
In c o r p o r a te d In N ew Jerse y o n S e p t. 18 1902 as s u cce sso r per plan V . 74, p.
1310, 1358, o f th e D istilling Co. o f A m e rica , th e la tte r h a v in g co n tr o l o f the




A m ount
O utstand ing

R ate
%
5 g
5 g
5 g
See
te x t
5 g
5 g
5 g
00
See 0 te x t
5 g
6
000
5 g
See
te x t
See
te x t
2 in

5 g
1909
5 g

6 g
4 in

1909

7
000

6 .1 7 5 .0 0 0
5 g
5 .0 0 0 .
00
See 0 te x t
5 g
7 .4 9 2 .0 0 0
5 .8 4 0 .0 0 0
1 .0 7 6 .0 0 0 6 in 1 9 09
1 .0 0 0 . 000
5 g
te x t
2 8 ,0 4 7 ,0 0 0 S e e

W hen
P a y a b le

W here P a y a b le, and by
W hom

J
&
J
J
&
J
J
&
J
See
te x t
J
&
J
F
& A
J
&
J
Q — J
J
&
J
M
&
S
M
&
N
A
&
O
Q — M
J
&
J
Q — J
A
&
O
AI
&
S
Q — J
F
&
A
M
& N
See
te x t
J
&
J
M
&
S
Q — J
M
&
S
Q — M 15

W a s h in g to n T r u s t . N
Y
F o u rth N a t B a n k , N
Y
do
do
and D enver
C h e c k s m a ile d
E m e r s o n M c M Illln , N
Y
G u a ra n ty T ru s t C o , N Y
E m e r s o n M c A Iillin
& Co
C h e c k s m a ile d
O ffic e , 3 0 B r o a d S t, N Y
do
do
do
do
C en tra l T ru s t C o , N
Y
B y c h e c k fr o m N Y o ffic e
E m p ir e T r u s t C o , N
Y
B y check
M e r c a n tile T r u s t C o , N Y
M a n h a tta n T ru s t C o ,N Y
C h e c k s m a ile d
do
N E T r C o, B ost & M on t
B ank
o f M o n tr e a l,
C an
F ir s t c o u p o n M a r c h 1910
S ta n d a rd T r , N Y & B os
O ld C o lo n y T r u s t C o , B o s
C h e c k s m a ile d

B on d s — P r in c i­
pal, W hen D u e
Stocks — Last
D ivid en d
Jan
1 1918
J u ly 1 1914
J u ly 1 1923
Sec te x t
Jan
1 1923
F eb
1 1918
See te x t
O c t 15 ’ 09 1 %
Jan
1 1933
S e p t 1 1911
N o v 1 1931
O ct
1 1911
S e p t 15 ’ 09 2 %
J u ly 19 1 0 -1 9 1 2
O c t 3 0 ’ 09
'A %
O ct
1 1927
S e p t 1 1915
O c t 1 1909 1 %
A u g 2 ’09 3 A %
M a y 1 1940
O c t 1 ’ 09 7 %
J u ly 1 1929
S e p t 1 1939
O ct
1909 1 )4 %
M c h 1 1931
S e p t 15 ’09 2 %

A m e rica n Spirits M fg . C o ., K e n tu c k y D istilleries & W a re h o u se C o ., S p irits
D istrib u tin g C o. (d isso lve d In 1902) an d S ta n d a rd D istillin g & D istrib u tin g
C o .; see V . 68, p . 1224 (d isso lve d In 1905); also several rye w h isk ey co n ce rn s ,
in clu d in g H annls D istillin g C o. V . 69, p. 179, 49 4 , 745 . L ist o f p ro p e rties,
V . 73, p . 136, 898; V . 71, p . 815; V . 69, p . 957. A lly R e p u b lic D istillin g
C o ., V . 81, p . 1614; V . 83, p . 326 .
F a v o ra b le d e cis io n , V . 8 8 , p . 379.
In O ct. 1906 the U n ite d S tates In d u stria l A lc o h o l C o. w as orga n ized as
a su b sid ia ry to m a n u fa ctu re d e n a tu re d .alcohol; o f the $1 2 ,0 0 0 ,0 0 0 c o m ­
m o n s to c k a m a jo rity is c o n tr o lle d th rou gh a v o tin g trust b y the D istillin g
C o. o f A m e rica , w h ich gu aran tees the d iv id e n d s o n the $ 6 ,0 0 0 ,0 0 0 7 %
(n o n -v o tin g ) preferred s to c k . V . 84, p . 341; V . 85, p. 790; V . 88, p . 629.
O w ns o v e r 9 0 % o f th e s to ck s o f th e D istillin g C o. o f A m e r ic a . T h e 5 %
b o n d s are secu red b y th e d e p o s it o f th e s to ck s anil bond s a cq u ir e d , an d are
re d e e m a b le a t 105 since 1908 an d c o n v e r tib le at o p tio n o f holder Into stock
a t p a r a t a n y tim e till O ct. 1 1912.
D I V I D E N D S .— Jan . 1903 to J u ly 1906, b o th ln c l., 1% q u a rte rly ; O ct.
1906, 1 ) 4 % : 1907, J a n ., 1 M % ; A p ril, 1 ) 4 % ; J u ly , 1 ) 4 % : O c t ., 1 ) 4 % :
1908 a n d 1909, 2 % (Q .-J .).
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1909 In V . 89, p . 1067,
sh o w e d gross p rofits, $ 2 ,683,237 ; In terest, ta x e s , a d d itio n s , & c., $ 1 ,949,030 ;
n e t p ro fits, $ 7 3 4 ,2 0 7 , again st $343,931 in 1907-08; d iv id e n d s ( 2 % ) , $ 6 7 9 ,­
695; b a la n ce , d e fic it, $54 ,512 .
D IR E C T O R S .— E. J. C u rley (P r e s .), L a w re n ce L . G illesp ie, W . P . W a rd
( V . - P . ) , A m o r y G . H o d g e s , J. E. H ulsh lzer, A lfre d W . H ansell.
E x e cu tiv e
C o m m itte e — E. J. C u rley, W . P . W a r d , A m o r y G. H o d g e s , S e c.-T re a s .
R . C. R a n n .
O ffice , 15 E x ch a n g e P la ce , Jersey C ity .— (V . 89, p . 106 7.)
DOA1INION C O A L C O ., M M IT E D — O R G A N I Z A T I O N .— In c o r p . 1893.
O n M arch 31 1909 $2,7 5 0 ,0 0 0 w as paid o n a c c o u n t o f a d ju d g e d breach
o f c o n tr a c t fo r s u p p ly in g coa l to the S teel C o ., ex p irin g 1992, the dam ages
cla im e d to be a b o u t $3,9 5 1 ,0 9 3 as o f M arch 30 1009 to be assessed. V . 85,
p. 724; V . 86, p. 172, 610 , 737; V . 88, p. 454, 508, 628, 830 , 1064.
T h e b o n d s (R o y a l T ru st C o ., M on treal, trustee) are s u b je c t to call a fte r
M ay 1910. Sinking fu n d o f $79,000 y e a r ly , begin n in g M ay 1 1911, fo r w h ich
b o n d s m a y b e ca lled y e a r ly a t 105. V . 8 0 , p . 1365, 1481, 1732; V . 88, p .
1562, 1624; V . 89, p . 106.
T h e p r e f. sto ck is c o n v e r tib le , d olla r fo r d o lla r. Into c o m m o n s to c k at
h o ld e r’s o p t io n to M ay 1 1910, an d th e re a fte r s u b je c t to call a t c o m p a n y ’s
o p t io n a t 125 and a ccru e d d iv id e n d , and en title d In case o f liq u id a tio n to
p a r, 1 5 % p rem iu m an d a ccru e d d iv id e n d s In p re fe re n ce to co m m o n s t o c k .
V . 80, p . 1732. Cape B re to n real esta te d e b e n tu re s, $21 3 ,6 7 4 , an d D o ­
m in io n ro llin g s to c k d eben tu res, $15 1,12 9.
D I V I D E N D S .— F irst d iv id e n d o n new pre fe rre d fo r p eriod fro m M ay 12
to J u ly 31 1905 a t ra te o f 7 % y e a r ly w as p aid A u g . 1 1906 to A u g . 1909
(F . & A . ) .
On new c o m ., 1 % (qu ar.) p aid A p ril 1907 to O ct. 1909 lncl.
O u tp u t fo r cal. y e a r 1908, 3,5 5 5 ,0 6 8 to n s, a gain st 3 ,5 4 1 ,2 5 3 to n s In 1907.
R E P O R T a t le n gth w as given in V . 88, p. 830 , s h ow in g n et earnings o f
$2,6 8 6 ,2 0 2 In 1908, a gain st $2,0 9 4 ,5 3 9 In 1907: lnt. on b o n d s, & c., $ 27 6,04 0;
d lv . o n p r e f., $21 0,00 0; d iv . o n c o m . ( 4 % ) , $60 0,00 0; b a l., su r ., $ 1 ,6 0 0 ,1 6 2 .
P r e s ., Jam es R o s s , M o n tre a l.— (V . 8 8 , p . 1562, 1624; V . 89, p . 106.)
D O M IN IO N IRO N & S T E E L C O .— O R G A N I Z A T I O N .— O rganized
u n d er the laws o f N o v a S co tia o n Ju n e 17 1899; w ork s a t S y d n e y , Cape
B re to n ; d a lly c a p a c ity o f 1,000 tons o f s te e l.
O w ns fo u r blast furn aces,
o p e n -h e a rth plan t, b illet m ill, b lo o m in g m ill, ro d m ill, w ith c a p a c ity o f 250
tons d a ily , & c. S ee V . 79, p . 2203. R a il m ill, 700 ton s d a ily c a p a c ity ,
has be e n o p e ra te d sin ce Jun e 1905. C ok e o v e n s (500 co m p le te d Jan .
190 7).
V . 76, p. 544; V . 77, p. 149; V . 81, p . 1549.
In F e b . 1909 fa v o r a b le decision o f lo w e r co u rts was a ffir m e d , a w a rd in g
da m a ges an d d eclarin g c o n tr a c t w ith Coal C o ., ex p irin g b y its term s In 1992,
to be b ro k e n .
In M ch . 1909 an a g re e m e n t was m ade to co n tin u e c o n tr a c t
an d assess dam ages to d a te , cla im e d to be $ 3 ,951,093 as o f M ch. 30 1909,
$ 2 ,7 5 0 ,0 0 0 b e in g paid b y C oal C o. o n a c c o u n t .
V . 8 5 , p. 724 , 866; V . 86,
p . 172, 610, 737, 796; V . 87, p . 815; V . 88, p. 454, 508, 628, 1064.
B o u n tie s o n p ig Iron an d steel Ingots w ere e x te n d e d fo r fo u r years from
Ja n . I 1907. V . 8 3 , p . 210, 1413, 1526; V . 8 5 , p . 1521; V . 89, p . 106.
S T O C K .— C om m on a u th o riz e d , $2 5 ,0 0 0 ,0 0 0 as Increased Ju n e 1908;
o u ts ta n d in g , $20 ,0 0 0 ,0 0 0 ; 7 % cu m . p re f. s to c k ($5,000,000) s u b je c t
to call a t $115 per share o r co n v e r tib le Into c o m . s to c k a t h o ld e rs ’ o p t io n .
V . 72, p. 778; V . 74, p. 530; V . 87, p. 99.
D iv id e n d on p r e f., 3 A % O ct. I 1901: In 1902 7 % (A . & O .) ; 1903,
A p r., 3 H % ; M ay 10 1909, 1 0 M % ; O ct. I, 3 A % (sem l-an n .) and 3 A % on
a c c o u n t o f accu m u la te d d iv id e n d s , le a vin g 2 8 % a ccu m u la te d d iv id e n d s
u n p a id . V . 77, p . 826; V . 83, p. 210; V . 88, p . 1064; V . 89, p. 595.
B O N D S .— O n Jun e 17 1909 s to ck h o ld e rs a u th o riz e d $ 20 ,000 ,00 0
co n s o l, m tg e . b o n d s, o f w h ich $ 5 ,0 0 0 ,0 0 0 to be used to retire the lloatln g
d e b t an d fo r general pu rp oses, $ 9 ,3 3 3 ,0 0 0 to be reserved fo r u n d erlyin g
b o n d s , an d the rem ain d er fo r fu tu re pu rp oses.
In J u ly 1909 $ 5 ,8 4 0 ,0 0 0
c o n so ls w ere sold fo r im p ro v e m e n ts an d re tire m e n t o f $ 1 ,5 0 0 ,0 0 0 2d m tg e.
b o n d s . V . 87, p . 99; V . 8 8 , p . 1064, 1315, 1624; V . 89, p. 106.
R E P O R T .— Fiscal y e a r n o w en ds M ay 31. R e p o r t fo r y e a r en din g
M ay 31 1909 in V . 88, p. 1616, sh o w e d net o v e r repairs, & c., $ 2 ,634,127 ;
sin k , fu n d , d e p r e c ’ n, & c., $408,292; Int. o n b o n d s, & c ., $65 4,42 2; p ref.
d lv . ( 1 0 ) 4 % ) , $52 5 ,0 0 0 ; b a l., s u r ., $ 1 ,0 4 6 ,4 1 2 .
D ire cto rs Ju n e 1909,
V . 8 8 , p. 1624. P r e s ., J. H . P lu m m e r, M ontreal; V .- P ., L . J. F o rg e t,
M o n tre a l.— (V . 88, p . 1624; V . 89, p. 106, 289 , 595.)
D U L U T H E D ISO N E L E C T R IC C O .— O R G A N I Z A T I O N .— In co rp o ra ted
In M in n esota In 1906 as su ccessor o f the D u lu th G eneral E le ctric C o.
H as
u n lim ite d fra n ch ise a n d 10-y e a r c o n tr a c t w ith G rea t N orth ern P o w e r C o.
ex p irin g Ju ly 1915 to p r o v id e p o w e r o n a d v a n ta g e o u s term s.
V . 82, p. 573
S T O C K .— C o m m o n s to c k $ 5 0 0 ,0 0 0 , all Issued. S to c k as Increased
J u ly 14 1908, p re fe rre d , $ 1 ,2 5 0 ,0 0 0 , o f w hich $1,1 5 0 ,0 0 0 o u ts ta n d in g A u g .
1909; a n d c o m m o n , $ 1 ,0 0 0 ,0 0 0 , o f w h ich $50 0,00 0 o u tsta n d in g .
V . 86,
p . 1533.
D lv . o n p r e f., 1 K % q u a r., J u ly 1906 to O c t . 1909, Inclusive.
B O N D S .— O f the b o n d s ($2,0 0 0 ,0 0 0 au th o riz e d issu e ), the rem ain ing
$ 8 7 3,00 0 are Issuable fo r 8 0 % o f cash c o s t o f a d d itio n s and im p ro v e m en ts,
p r o v id e d fo r 12 m on th s p re ce d in g net earnings shall h a ve been tw ice the
Interest ch arges, Inclu din g the a d d itio n a l b o n d s. S ee V . 82, p. 572.
E A R N I N G S .— Y e a r e n d in g F e b . 28 1909, gross, $ 35 9,57 9; n e t, $17 0,15 7;
Interest an d ren tals, $60,747; pref. d lv . ( 6 % ) , $62,304; b a l., s u r ., $47 ,106 .
D lv . o n c o m . s to c k , $ 47 ,000 , paid fro m a ccu m u la te d surplus.
P r e s ., A . IV. H artm an : S e c ., C. E. V a n B ergen ; T r e a s ., F . H artm an .
A sst. S e c. a n d T re a s ., A. E . S m ith , 62 Cedar S t., N . Y .'— (V . 82, p . 1442,
1500; V . 83. p . 1231; V. 86, p . 1533: V. 88, p. 1064.)
„
E. I. DU PO N T DE N E M O U R S P O W D E R C O — O R G A N I Z A T I O N .—
I n c o r p o r a te d M ay 19 1903.
V . 76, p. 1251; V . 77, p. 453 , 1535, 1748;
V . 78, p. 290, 1112; V . 82, p . 1214; V . 8 4 , p. 806 .
G o v e rn m e n t su it,
p r o j'T t f e s c o n tro lle d , & c., V . 85, p. 286, 342.
S T O C K .— S to ck h o ld e rs v o te d N o v . 5 1906 to Increase the lim it o f a u ­
th o rize d c o m m o n s to c k fro m $ 25 ,000 ,00 0 to $ 3 0 ,0 0 0 ,0 0 0 .

M I S C E L L A N E O US
F o r explan ation of colum n headings, e t c ., see notes on
first page o f tables.

D a te
of
B on ds

S ize, or
Par
A m oun t
V a lu e O utstanding

$100
(E I) du P o n t d c Nem P (Con) — P re f stk 5 % cu m 525 ,0 0 0 ,0 0 0
1,000
B o n d s (n o t m ortg age) $1 6 ,0 0 0 ,0 0 0 c o ld red at l l ( ) .G .c * A r * 1906
1,000
B on d s (1st M & c oll tr) gold red 105 sink fu n d ( t e x t ) - - M p 1909
100
E a stm an K o d a k — C om m o n s to c k $ 2 5 ,0 0 0 ,0 0 0 -----------------------100
P referred (also as t o assets) $ 1 0 ,0 0 0 ,0 0 0 6 % c u m u la t iv e -1,000
1906
E c o n o m y L ig h t & P o w e r — First m tg c $ 3 ,0 0 0 ,0 0 0 g o ld ___xc*
100
E d ison E lectric Ilium C o , B o s to n — S to c k (b o n d s , see text) E d iso n E lectric Illu m in a tin g — See K ings C o u n ty E le ctric Idg lit A P o w e r an d
100
E.lcctric S tora g e B a ttery — S to c k ($ 1 9 1 ,5 0 0 Is preferred (te x t)
100
E m pire Steel & Iron — P referred s to c k 6 % c u m u la tiv e _______
E q u ita b le illu m in a tin g G as L ig h t C o o f P h ila— C o m m o n s t k .
P re fe rrcd s to c k 0 % ___________________________________________
1,000
F irst m ortg a ge g old red eem able a t 1 0 5 ____________________N 1898
1,000
E ric & W es tern T r a n sp — First M $ 1 ,5 0 0 ,0 0 0 red ( t c x t ) .G P .c * 1905
100
F a irm on t Coal C o — S to c k $ 1 2 ,0 0 0 ,0 0 0 -------------------------------------1,000
1901
M o rtg a g e ($ 6 ,0 0 0 ,0 0 0 gold) sin kin g fu n d (see t e x t ) ___ G .c*
1,000
1900
B riar H ill Coal A C ok e Co a s s u m e d _________________________
100
F ederal M in in g & S m eltin g — C o m m o n s to c k $ 1 0 ,0 0 0 ,0 0 0 —
100
P referred (as to assets) 7 % c u m u la tiv e $ 2 0 ,0 0 0 ,0 0 0 a u t h _ .
100
F ederal Su g ar R e fin in g — Pref s to c k 6 % cu m red c o n v (te x t)
100
G eneral A s p h a lt— P f stk 5 % cu m (fro m Ju n e 1905) also assets
100
G eneral C h em ical C o — C o m m o n s t o c k 5 1 2 ,5 0 0 ,0 0 0 ___________
100
P referred s to c k also assets 6 % cu m u la tiv e $ 1 2 ,5 0 0 ,0 0 0 ___
100
G eneral E lectric— S to c k ($ 8 0 ,0 0 0 ,0 0 0 )_________________________
100 A c
D eben tu res fo r S pragu e s to c k $ 2 ,5 0 0 ,0 0 0 g o ld red ( t e x t ) . c 1902
500 A c
D eb en tu res $ 1 3 ,0 0 0 ,0 0 0 gold co n v e r tib le re d e e m ( t e x t ) ___ 1907
D I V I D E N D S — O n p r e f., 5 % y e a r ly (Q .-J .) O ct. 1903 to O ct 15 1909,
b o th Inclu sive.
O n c o m m o n , D e c. 1904, A % : 1905, 3 ) 4 % : 1906 M arch,
1 ) 4 % ; Ju n e, 1 ) 4 % : S ep t. 1906 to M arch 1909, 7 % ( 1 M % Q .-M .); Jun e
1909, 2 % ; S e p t., 2 % .
B O N D S .— T h e 4 )4s o f 1906 ($ 1 6 ,0 0 0 ,0 0 0 a u th o rize d ) are a first ch arge
o n the en tire p r o p e r ty : th e y are n o t se cu re d b y m o rtg a ge o r d e p o sit o f c o l­
latera l.
O f the Issue $ 9 ,2 1 0 ,0 0 0 w ere used to retire a p a rt o f the p referred
s t o c k , the rem a in d er bein g reserved to tak e up s u b sid ia ry b o n d s. V . 83,
p . 99, 158, 274, 893: V . 84, p . 690: V . 85, p . 471 ; V . 88, p. 1624. T h e 1st
an d co lla t. tr. 5s o f 1909 arc s u b je c t t o call as a w h o le a t 105 an d a t p a r b y
lo t b y a sink, fu n d o f 5121,000 y e a rly , b e gin n in g J u ly 1910.
E A R N I N G S .— F o r 6 m os. e n d in g Jun e 30 1909, gross, $14 ,8 0 4 ,4 9 1 ,
a gain st $ 12 ,049 ,34 8 In 1908; net, a ft e r d c p r e c ’ n, A c ., $ 2 ,837,530 , again st
$1 ,9 2 4 ,9 5 8 ; n o n -o p e r. d e d u ctio n s , $ 33 9,48 3; b o n d Interest, $ 44 7,02 1; p re f.
d l v ., 2 ) 4 % , $ 36 0,96 1; bal. fo r c o m . s t o c k , $ 1 ,6 9 0 ,0 7 4 .
V . 89, p . 351.
R E P O R T .— R e p o r t fo r ca le n d a r ye a r 1908 In V . 88, p . 747, 501.
C al.
C ross
N et A p p li- P r e f. D iv .
Com m on
B a la n ce,
Y ear.
E a rn in g s.
cable to D iv .
(5 % ).
D ivid en d .
S u rp ltis.
1908 . ..$ 2 8 ,0 2 7 ,0 9 4
$3,995,701
$77 1,07 8
( 7 % ) $ l ,786,738
$ 1,437,885
1 9 0 7 . . . 3 1 ,6 6 1 ,9 3 9
2,933,271
7 35 ,637
(7 % ) 1 ,741,392
450 ,242
O F F I C E R S .— P res ., T . C. du P o n t; T r e a s ., Pierre S. du P o n t; S e c .,
A le x is I. d u P o n t.
M ain o ffic e , W ilm in g to n , D e l.— '(V . 8 9 , p . 3 5 1 , 9 9 6 .)
E A S T M A N K O D A K C O . (OF N EW J E R S E Y ) — O R G A N I Z A T I O N .— I n ­
c o r p o r a te d In N ew Jersey O ct. 24 1901 as an a m a lg a m a tio n per plan V . 73,
p . 1114, o f va riou s op era tin g c o m p a n ie s , o f w h ich it ow n s p r a c tic a lly all th e
s to c k .
S ee list V . 67, p. 1 160, 1207; V . 69, p . 387; V . 75, p . 735 , 613; V . 77,
p . 253 , 300; a p p lic a tio n to list, V. 80, p . 1477.
S to c k a u th o r iz e d , c o m m o n , $25 ,0 0 0 ,0 0 0 ; p r e f. (also as to a s s e ts ), 6 %
c u m ., $10 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , c o m m o n , $19 ,5 8 6 ,2 0 0 ; p r e f., $ 6 ,1 6 5 ,7 0 0 .
N o bond st
D iv id en d s on p re f. In full to .Ian. 1 1909 Inclu sive (paid Q .- J .) .
E xtra D ividends on C om m on Stock.
(In a d d itio n to the 1 0 % p er an n u m paid re gu la rly sin ce O ct. 1 1902.)
Y ea r.
Y ear.
F eb .
Oct.
N o v . D ec .
F eb.
A p r . J u ly . S ep t.
D ec .
1906
1907
1908
1908
1908 1908
1909
1909 1909
1909
1909
9 )4 %
10%
5%
2 )4 % 2 )4 % 5%
2 )4 %
5%
5%
5% 2 )4 %
R e p o rt fo r cal. y e a r 1908, V . 86, p. 880 , s h o w e d : N et p ro fits , $ 6 ,4 7 2 ,5 1 9 ;
d lv . on p re f. ( 6 % ) , $369,942; d iv . o n c o m . ( 2 0 % ) , $3,9 0 4 ,1 4 0 ; b a l., s u r p .,
$ 2 ,1 9 8 ,4 3 7 .
P res., G eorg e Eastm an ; 1st V .- P . an d T r e a s ., H e n ry A .
S tr o n g .
O ffic e , R o c h e s te r , N . Y .— (V . 88, p . 628, 8 8 0 ; V . 8 9 , p. 1070.)
ECO N O M Y L IG H T & P O W E R C O .— In c o r p o r a te d In Illin ois J u ly 1890.
O w ns p ow er p la n t o n D esplalnes R iv e r a t J o lie t, 111., h a v in g a b o u t 4,0 0 0
electrica l horse p ow er c a p a c ity , and Is d e v e lo p in g th e M orris P o w e r 12 m iles
b e lo w J o lie t: c a p a c ity to be 8,0 0 0 h orse p o w e r.
H as p e rp e tu a l fra n ch ise
a n d ow n s ligh tin g p la n t and d oes th e en tire ligh tin g o f J o lie t an d su p ­
plies loca l s tr e e t railw ay; also has transm ission line fro m J o lie t Into C h i­
c a g o . S t o c k , $ 3 ,0 0 0 ,0 0 0 . C o n tro lle d b y the C o m m o n w e a lth E d ison C o. o f
C h ica g o. O f the b o n d s, $ 3 ,000,000 a u th o riz e d Issue (R o y a l T ru s t C o . o f
C h ica g o, t r u s te e ), th e unissued b o n d s a r c reserved fo r Im provem en ts and
a d d itio n s a t n ot to e x c e e d 8 5 % o f co s t; sin k in g fu n d , 1 % o f en tire a m o u n t
o f b o n d s, beg in n in g 1916, to p urchase b o n d s a t not e x c e e d in g 110, o r be
In vested In o th e r secu rities. V . 84, p . 1250; V . 89, p . 595.
F or year
en d in g A p ril 30 1909, gross, $31 0,40 2; n e t, $17 1,66 3; Interest, $65 ,324 ;
b a l., s u r ., $10 6,33 9.
P r e s ., S am uel Insull, C h ica g o , 111.; S e c ., J o h n F .
G ilch rist; T r e a s ., Chas. A . M u nroe.— (V . 88, p . 161; V . 89, p. 595.)
E D IS O N E L E C T R IC IL L U M IN A T IN G CO. O F B O STO N .— O R G A N I ­
Z A T I O N .— In c o r p o r a te d in 1886.
In 1903 c o n tro lle d entire e le ctric ligh t
business o f c it y .
V . 81, p . 157; V . 8 8 , p. 454.
O n A p r. 29 1909 s t o c k h o ld ­
ers au th oriz ed purchase o f e le ctric business o f B o sto n C on sol. G as C o .,
C h elsea G as L ight C o .,-N e w t o w n A W a te rto w n Gas L ig h t C o ., W a lth a m
G as C o. and L ex in g ton Gas & E le ctric C o. V . 88, p. 1132.
S T O C K . —S tock h old ers on D ec. 18 1908 a u th orized the Increase o f s to ck
fro m $1 2 ,6 4 3 ,6 0 0 to $13 ,6 1 6 ,1 0 0 , the $97 2,50 0 new s to c k b e in g o lfc r e d
to s tock h old ers a t $215 per $100 share, p a y a b le $100 F eb . 1 an d $115
M a y 3 1909, o r o p tio n a lly In full F e b . 1. V . 87, p . 1535, 1607.
In O ct.
1909 a p p lic a tio n w as m ad e to Issue $1,9 4 5 ,2 0 0 a d d itio n a l s to c k to p r o v id e
fo r p u rch ase o f prop erties in S e p t. 1909 co s tin g a b o u t $2,8 7 0 ,0 0 0 an d a b o u t
$ 1 ,0 0 0 ,0 0 0 n otes Issued fo r Im p ro v e m e n ts. V . 89, p . 996.
D I V I D E N D .— In F eb . 1901 3 % , Including 1% extra: M ay 1901 to N o v .
1909, 1 0 % y e a r ly , and In A u g. 1907 to 1909 1 % e x tr a . V . 85, p. 43.
B O N D S .— B on ds a rc $177,500 B o sto n E lectric L ig h t 1st 6s (in t. M . A
d u e S e p t. 1 1908; $ 1 ,245,000 1st co n s o l, g o ld 5s (a u th . Issue $1,250,000 )
d u e S e p t. 1 1924; $50,000 S om e rville E lec. L igh t 5s, due 1913, an d $165,000
W o b u r n L ig h t, H ea t A P ow er C o. 6s, d u e 1918, Int. A . A O ., a t M ercantile
T ru s t C o ., B oston .
R ea l e sta te m o rtg a g e , A c ., n o te s, Ju n e 30 1909,
$ 94 9,00 0. V . 83, p. 1101; V . 84, p. 934.
R E P O R T .— R e p o rt fo r y e a r e n d in g Ju n e 30 1909 In “ C h ro n icle ” O ct. 30
o r N o v . 6.
Y ea r—
C ross.
N et.
O tn.inc.
Int.
D iv id ’s.
B a l.,s u r .
1 9 0 8 -0 9 $4,1 1 1,342 $1,3 7 3 ,8 4 5 $45,360 $86 ,846 $ 1 ,4 2 4 ,3 8 9 d f$ 9 2 ,0 2 9
190 7 -0 8 . - _ 4,2 2 0 ,2 3 0
1,570,311
38,442
54,988
1,390,796
162,967
O F F I C E R S .— l ’ rc s ., Charles L. Edgar; T r e a s ., T . K . C u m m ins. O ffic e ,
70 S ta te S t., B oston , M ass.— (V . 88, p. 1064, 1132; V . 89, p. 667, 996.)
E L E C T R IC B O A T C O .— See page 170.
E L E C T R IC S T O R A G E B A T T E R Y . — In c o r p o r a te d In 1888 u nd er law s o f
N ew J ersey.
O w ns basic paten ts f o r s t o r a g o ba tte rie s.
(V . 69, p. 76, 850.)
A cq u ire d In 1899 $6,364,600 s to c k o f E le ctric V e h icle C o. (reorga n ized
Ju n e 1909) as C olu m bia M o to r Car C o. p e r p la n V . 88, p. 1562, and In O ct.
1902 an English c o m p a n y .
V . 75, p. 908; V . 76, p . 657, 921; V . 77, p. 34,
91. S ta te m e n t s h ow in g p ro p e rtie s, A c ., V . 77, p . 34; V. 76, p . 868.
S T O C K . A c .— S to c k a u th o riz e d , $18 ,000 ,00 0; o u ts ta n d in g , p r e f., 1 %
c u m ., $19 1,50 0; c o n v e r tib le Into c o m . s to c k , share fo r share; c o m ., $ 1 6 ,­
0 57 ,925 ; p ar o f shares, $100. A fte r 1% on p r e f., c o m . an d p re f. share
e q u a lly .
O n c o m ., A p ril 1901 to Jan . 1908, b o th ln c l., l 'A % q u a r.; A p ril
1908, 1 % : J u ly , % % ; O c t ., *A% ; 1 9 0 9 ,3 % ( ).( Q .-J .).
E A R N I N G S .— S ta tem e n t fo r cal. y e a r 1908, V . 88, p. 746 , sh o w e d :
N et In com e, $636,580; iltvs. p a id , $52 8,09 3; b a l., s u r ., $10 8,48 7; t o ta l, s u r .,
D e c. 31 1908, $ 2 ,0 0 3 ,6 7 9 .
P res., H e rb e rt L lo y d ; S ec. an d T r e a s ., W a lte r
G . H en derson , P h iladelph ia.
O ffic e , A lle g h e n y A v e . an d 19tli S t ., Ph ila.
— (V . 85, p . 1521; V . 86, p . 483, 723, 797, 1041, 1592; V . 88, p . 746.)
E M P IR E S T E E L & IRO N C O .— In c o r p . In N . J. in 1899. V . 68, p. 524.
C om m on s to c k , $ 1 ,2 5 4 ,7 7 0 , bein g re d u ce d fro m $ 2 ,2 8 1 ,4 0 0 In N o v . 1907.
V 85 p 1211.
P referred , s e c table.
I ) i v i D E N D S i J u l y '99 to J u l y ’ 00 '0 1 . ’ 02. '0 3 . ’ 04. ’ 05. ’ 06. ’ 07. ’ 08. '0 9 .
o n p ref. ( % ) /
6 y ea rly .
3
3 3H 2 «
3
3
6
6 4 'A
A cc u m u la te d d iv id en d s on preferred J u ly 1909, 1 0 ) 4 % .
R e p o rt fo r cal. year 1907, In V . 87, p. 343 , sh o w e d : N et earn in gs, after
$85,147 ch arged o il for Im provem en ts, d e p re cia tio n , A c ). $.>17,256; dlvl
(lend (6 % ) on p r e fe rr e d , $150,000; b a la n ce , su rp lu s, $ 35 7,25 6.
R ep ort
fo r 1908 n ot pu b lish ed .
P res., Le'onard P e c k ltt, C ata sau qu a, P a .; S ee. an d T r e a s ., J.
S tillm a n ,
C a ta sa u q u a , P a . fcN. Y . o ffic e , 111 B ’ w a y .— ( V . 8 8 , p . 628, 1502.)




s.)

s.

$ 1 3 ,6 9 2 ,9 0 0
14,4 5 2 ,2 0 0
1 ,974,000
1 9 ,5 8 6 ,2 0 0
6 ,1 6 5 ,7 0 0
1,546,000
See te x t .
C on so lld a t
1 6 ,2 4 9 ,4 2 5
2 ,5 0 0 ,0 0 0
3 ,1 2 5 ,0 0 0
3 ,1 2 5 ,0 0 0
5 ,8 3 0 ,0 0 0
1 ,5 0 0 ,0 0 0
1 2 ,0 0 0 ,0 0 0
5 ,1 7 0 ,0 0 0
150 ,000
6 ,0 0 0 ,0 0 0
12,0 0 0 ,0 0 0
3 ,3 2 2 ,8 0 0
1 3 ,139,663
7 ,4 1 0 ,3 0 0
1 2 ,5 0 0 ,0 0 0
6 5 ,1 7 9 ,6 0 0
2,0 4 7 ,0 0 0
1 2 ,8 7 5 ,0 0 0

I N T E R E S T OR D I V I D E N D S
R ate
%

W hen
P a yable

5 in 1909 Q — J 25
A D
4 )4 g J
J A J
5 g
See t e x t
Q— J
6
Q— J
5 g
J
A D
11 in 09
Q— F
ed G as C o o f N ew
3 In 1909
Q— J
See te x t J A J
6 in 1908
D ec
6 in 1908 J
A D
5 g
J A J
J A J
4 g
See t e x t See t e x t
J
A
J
5 g
5
J
A D
See t e x t V a rio u s
7 in 1908
Q— M
6 in 1909
Q— F
See t e x t Q — M
4 in 1908
Q— M
6
Q— J
8 in 1909 Q — J 15
A A
3 )4 g F
J
A D
5 g

W here P a y a b le, and by
W hom

B on ds— P r in c i­
pa l. W hen D u e
S locks— Last
D ivid en d

O ct 15’ 09,1 V i%
C h ecks m ailed
G u a ra n ty T ru s t C o , N Y Jun e 1 1936
M etrop olitan T r C o , N Y J u ly 1 1922
R o ch e s te r, N Y A Lon d Jan*l ’ 10 2 H %
Jan 1 ’ 10 1
do
do
N ew Y o r k an d C h icago D e c 1 1 9 5 6
B y ch e ck
N o v 1 '09 2 ) 4 %
Y ork
O ct 1 1909 H %
Checks m ailed
C h ecks m ailed
J u ly 1 1909 3 %
C h ecks m ailed
! D e c 1908
6%
do
Ju n e 15 ’ 09 3 %
N ew Y o r k T ru s t C o, N Y Jan 1 1928
T re a su re r’s O ffic e , P h ila Jan 1 1925
C h ecks m ailed
Jan 30 1909 2 %
G u a ra n ty T ru s t C o . N Y J u ly 1 1931
R C D a lzell, W h e e l, W V a Jun e 1910-1913
C h ecks m ailed
Jan 1 5 ’ 09 1 ) 4 %
do
do
S e p t 1 5 0 9 1 54%
N o v 1 '09 1 >4%
C h ecks fro m G u T rC o.N Y S ept 1 '0 9 1 A %
25 B road S t, N ew Y o r k S e p t 1 1909 1 %
do
do
O ct 1 ’ 09 1 )4 %
C h eck fro m C o ’ s O ffice O ct 15 '0 9 2 %
G uar T r C o , N Y : A B ost A u g 1 1 9 4 2
F arm L A T C o , N Y A B o Ju n e 1 1917

E Q U IT A B L E G A S L IG H T (OF N. Y .) .— See C on sol. Gas C o.
E Q U IT A B L E IL L U M IN A T IN G G A S L IG H T CO . OF P H IL A D E L P H IA

— O rg. In 1898 b y U n ite d G a s lm p t . C o ., w h ich o w n s m a jo r it y o f the s t o c k ,
to o p e r a te gas w ork s leased fro m C ity o f P h ila d e lp h ia u n til D e c. 31 1927 on
basis sta te d In V . 8 4 , p . 1304; V . 84, p . 1370; V . 66, p. 436
S in k in g fu n d o f $12 4,00 0 y e a r ly to retire b o n d s a t 105, a n d , b e g in n in g
In 1908, the I m p r o v . C o . cre a te s a sin k , fu n d to retire s to c k In 1928.
D IV ID E N D S —
1898
1899" 1900 1901 to 1907 1908
1909
6
6
6 y e a r ly
6
C o m m o n ( % ) ........................... 4
P re fe rre d ( % )
4
6
6
6 y e a r ly
6 J ’n c , 3
— (V . 87, p . 418 , 1302, 1481; V . 88, p. 1200; V . 8 9 , p . 351 .)
E R I E & W E S T E R N T R A N S P O R T A T IO N C O .— O R G A N I Z A T I O N .—
O w ns term in als, ln cl. grain ele v a to rs a n d fre ig h t w areh ou ses, a t C h ica g o,
111., BulTalo, N . Y . , an d E rie, P a ., and vessels p ly in g o n th e G rea t L a k e s, all
u sed b y P en n . R R „ w h ich Jan . 1 1909 o w n e d $ 2 ,4 9 9 ,6 5 0 an d N orth ern
Cen tral R y . $50 0,00 0 o f the $3,0 0 0 ,0 0 0 s to c k . B o n d s are gu ar, b y th e C on ­
n e ctin g T e rm in a l R R . o f B u ffalo and W estern W a re h o u sin g C o. (o f C h ic a g o ):
th e y a rc s u b je c t to call a t 105 a fte r Jan. 1 1910. V . 7 0 , p . 432; V . 8 0 , p .
711; see a p p lic a tio n t o lis t, V . 8 1 , p . 724 . F o r 10 years e n d in g D e c. 31
1903, d lv d e n d s w ere 4 % to 5 % y e a r ly : In 1904 an d 1905, non e; 1906 and
1907, 4 % .
O ffic e , 26 S o . 13th S t ., P h ila d e lp h ia .— (V . 81, p . 724.)
F A IR M O N T C O A L C O — O R G A N I Z A T I O N .— In c o r p o r a te d In W e s t V ir ­
gin ia Ju n e 19 1901 as a co n so lid a tio n o f co a l co m p a n ie s n ear F a irm on t,
W . Va.
O w ns 3 0 ,2 8 0 acres o f coal lands an d rights a n d a b o u t 4,0 3 0 acres
o f su rface; also 24,986 acres u n d er p erpetu al lease. S ee V . 74, p . 98, 431;
V . 87, p . 289. T h e C o n so lid a tio n Coal C o. o f M d. o w n s en tire $1 2 ,0 0 0 ,0 0 0
s t o c k , h a v in g a c q u ir e d th e m in o rity s to ck In M a y 1909. V . 88, p . 1316.
Controlled P ro p erties (S ee reports V . 84, p . 1305, 1306) and Interest T h erein.
Stock Iss'd .
O wned.
B on ds Is s.
Owned.
C larksbu rg F uel C o _____ $ 3 ,0 0 0 ,0 0 0 $ 2 ,9 7 9 ,7 0 0 $ 2 ,4 3 7 ,0 0 0
N on e.
N orth w estern F u el C o ___ 3 ,0 0 0 ,0 0 0
1,620,000
N one.
do
P Ittsb . & F a lrm . F uel C o . 2,2 5 0 ,0 0 0
1 ,787,000
1,3 0 0 ,0 0 0
$573,000
C ar tru st b o n d s (serial 5 s), $1 ,9 4 4 ,0 0 0 , d a te d S e p t. 1 1906, o f w h ich $ 1 ,­
529 ,000 had be e n Issued to N o v . 1907.
In N o v . 1907 the c o m p a n y sold
2,000 cars to th e B a lt. A O h io R R ., w h ich assum ed th e $ 1 ,5 2 9 ,0 0 0 car
trusts th e re o n , p a rt o f the $ 1,944,000 a u th o riz e d .
V . 8 5 , p . 1404. T o n ­
nage m in ed In 1908, 3 ,2 7 0 ,4 9 3 tons; In 1907, 4 ,3 2 3 ,8 8 2 to n s.
S u b. C o ., & c .. B on ds—
D a te.
Interest.
Outstanding.
M a tu r ity .
C larksbu rg F u el 1st M _________ 1901
5% A 6%
*$2,4 1 2 ,0 0 0 O ct. 1 1 9 3 1
5% JA J
1,3 0 0 ,0 0 0 J u ly 1 1 9 3 5
P Ittsb . A F a lrm . F uel 1st M ___ 1905
U . S . M ort. A T r. C o ., N . Y . , T ru ste e . S u b je c t to call a t 110.
* T h e $39 3,00 0 6s are ca lla b le a t 105; $1,9 9 6 ,0 0 0 5s are p le d g e d as co ll.
S in k , fu n d , 2 cen ts p er to n o f co a l m in ed . Car tru st, D e c. 1908, $ 3 ,0 0 0 .
D iv s .— 1904, 2 % ; 1905, 3; ’ 06, 3 H ; ’ 0 7 , 3; '08 an d ’ 09, J a n ., 2 % .
R E P O R T .— R e p o rt fo r y e a r en din g D e c. 31 1908 In V . 88, p . 1000.
Y ea r.
G ross.
T o t .n e t. C h g s.,& c. B a l.fo r D iv .
D ividends. B a l.,s u r .
1 9 0 8 ..$ 3 ,4 0 1 ,8 1 5 $1,2 2 1 ,7 1 4 $652,000 $569,714 (2 % )$ 2 4 0 ,0 0 0 $329,714
1 9 0 7 -- 4 ,8 6 0 ,3 2 7 2,023,301
836,511 1 ,186,790 (2 % ) 240 ,000 946 ,790
P r e s ., C. W . W a ts o n .
O ffic e , B a ltim o re , M d .; sales o ffic e , 1 B ’ w a y ,
N ew Y o r k .— (V . 87, p . 289; V . 88, p. 751, 885, 1000, 1316.)
F E D E R A L M IN IN G & S M E L T IN G C O .— O R G A N I Z A T I O N .— I n c o r ­
p o ra te d u n d er law s o f D elaw are Jun e 25 1903. O w ns silve r-le a d m ines In
C oeu r d ’ A le n e d is trict, I d a h o .
H as s ix -y e a r c o n tr a c t ex p irin g S e p t. 1
1909 to sell en tire o u t p u t o f presen t m ines to A m e rica n S m eltin g A R e llnlng C o. S ee V . 79, p . 2694, 2089; V . 77, p . 203; V . 81, p. 1377. In
M ay 1905 the A m erica n S m elters’ Securities C o. (co n tr o lle d b y the A m e r i­
can S m eltin g A R e lln ln g C o .) a cqu ired c o n tr o l.
V . 80, p . 1974.
D IV ID E N D S —
19Q4. 1905. 1906. 1907. 1908.
1909.
C om . ( % ) , 1 Vi q u a r.; also e x t r a s . 4 )4
10
17
1 4 )4
0
J a n .,1 )4
P referred (7 % c u m . ) _____________ _______________ In full to d a te -----------------------In A p ril 1909 to O c t . 1909 n o d iv id e n d d e cla re d o n c o m m o n .
V . 88, p .
1064.
R E P O R T fo r y e a r e n d in g A u g . 31 1909 w as in “ C h ro n ic le " r n o r a b o u t
N ov. 6.
Y ear—
N et P r o fits .
D iv . on P ref.
D iv . on C om m on. B a l.,S u rp .
190 8-0 9-------- $1,1 8 5 ,9 4 6
(7 % )$ 8 3 9 ,0 2 7
(1 ) 4 % ) $89,894 $2 5 7 ,0 2 5
( 7 %) 839,023
(1 )4 % )
89,894
138,120
1 9 0 7 -0 8 -------- 1.0 6 7 ,0 3 7
P r e s ., F ran cis II. B row n ell: V .- P . and C h airm an, E d w in P a ck a rd ; T r e a s .,
F . W . H ills; S e c ., F r e d ’ k J . K lln er, D irectors; E u gene J . B a rn e y , D a y t o n ,O .;
J o se p h G lcn d e n n ln , E d g a r L . N ew h ou se, F . W . H ills, Jo h n K . M a cG o w a n ,
W . E . M errlss, E d w in P a ck a r d , Ju d d S te w a rt, Charles S w e e n e y , E d w ard
B rush an d F . T . G ates o f N ew Y o r k ; H e n ry E . C o o p e r, Jas. M. S a tterfield .
O ffic e , 32 B w a y ., N . Y . — (V . 8 8 , p . 628 , 1064; V . 8 9 , p. 1070.)
F E D E R A L S U G A R R E F IN IN G C O . — In c o r p o r a te d In N ew J ersey Jun e
19 1902; re -in c o r p o r a te d in N ew Y o r k M ay 3 1907.
V . 84, p. 1117. P la n t
at Y on kers, N . Y .
O p eration s be gu n A u g . 1 1904; c a p a c ity to be 4,0 0 0
b b ls. a d a y . A p p lic a tio n to lis t, V . 8 4 , p . 691.
P ro ce ss, V . 74, p . 1358.
S to c k , c o m ., $ 6 ,6 7 7 ,2 0 0 ; p r e f., 6 % c u m . (also p re f. as to a sse ts). Is s u b je c t
to call a t 125 and co n v e r tib le lntp c o m . s to c k a t par; s e c ta b le a b o v e ; par
o f shares, $100.
D iv id e n d s on p re f. s to c k o f o ld c o . p aid In fu ll; o n new
p r e f., 1 ) 4 % q u a r. paid A u g . 1 1907 to N o v - 1 1909. P r e s ., Claus A .
S p reck les; V . - P . , C larence H . M ackay; T r e a s ., D u m o n t Clarke: S e c ., P ierre
J . S m ith .
O ffic e , 138 F r o n t S t., N . Y . — (V . 84, p. 84 0 , 1117.)
G E N E R A L A S P H A L T C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d in N . J .
o n M ay 19 1903 as su cce sso r o f the N ation a l A sp h a lt C o ., per plan V . 75,
p. 188; V . 76, p. 1145: V . 79, p . 101, 2586; V . 8 0 , p . 2218; V . 82, p . 1208.
Ia M arch 1909 se ttle m e n t w ith V en ezu ela n G o v e rn m e n t w as a rra n g ed .
V . 8 8 , p. 628 , 509, 1195.
,
S T O C K .— A s to rig h t o f c o n v e rs io n , ca ll, A c ., see V . 79, p. 2586. C o m ­
m o n s to c k ou tsta n d in g $ 9 ,861,000 ; p r e f., sec ta b le .
D I V I D E N D S .— On p re f. in 1906, 4 % (M . A S .); 1907 a n d 1908, 2 %
(M . A S .); 1909. M ch ., 1 'A % ; Ju n e, 1 « % : S e p t ., 1 J4 % .
V O T I N G T R U S T .— S to ck Is vested fo r 10 yea rs In live v o t in g tru stees,
v iz ., R u d u lp h Ellis. W illia m F . H a rrity, A lv in W . K re c h , H e n ry T a tn a ll
an d H e n ry W . B id d le , b u t the trust m a y be d is s o lv e d In w h o le o r in p a rt
a t a n y tim e b y u n a n im ou s c o n se n t, or a fte r 7 ye a rs as a w h o le , in the dis­
c re tio n o f a m a jo rity o f tru stees. V . 88, p. 1064.
B on ds o f su bsid iary C o s.: $882,100 B a rb er A s p h . P a v . d e b . 6s d u e A p ril 1
1916, s u b je c t to call a t par sin ce 1906; co ll. 6 % R R . n o te s, $30 0 ,0 0 0 , due
F e b . 15 1910 (V . 8 6 , p . 1463); $1,5 4 0 ,3 6 0 N ew T rin id a d L a k e A s p h a lt
d e b . 6s d u e Jan . 1 1930.
V . 70, p . 993; V . 71, p . 545; V . 79, p . 104; see
also securities o w n e d , V . 73, p . 290.
R E P O R T .— R e p o rt fo r y e a r en din g A p ril 30 1909, In V . 8 8 , p . 1195,
sh o w e d results fo r 12 m os. e n d in g Jan . 31 1909; T o ta l gross In co m e , $ 1 1 ,­
818 ,5 2 9 ; net Incom e, $1 ,8 0 1 ,5 1 2 ; In t., ta x e s , bad d e b ts , A c ., 577 4,38 2;
p r o fit, $ 1 ,027,130 ; d lv . o n p re f. (2 ) 4 % ) , $ 2 9 5 ,5 1 7 : b a l., su r ., $ 73 1,61 3.
O F F I C E R S .— P re s., J o h n M . M ack: V .- P ., A v e r y D . A n d re w s an d A rth u r
W . S ew all; T re a s ., Ira A tk in s o n .
O ffice , L a nd T itle B ld g ., P h ila .— (V . 8 7 ,
p. 42: V . 88. p . 454 , 509, 628 , 1064, 1195; V . 89, p. 228.)

M I S C E L L A N E O US
F o r exp la n a tion o f colu m n head in gs, & c ., see notes on
first page o f tables.

I N T E R E S T OR D I V I D E N D S
D ate
of
B onds

1890
Girard Point Storage — F irst m tg o g u ar p A I b y P en n R R .
G ranby Consolidated Alining S & P — S to c k $ 1 5 ,0 0 0 ,0 0 0 auth
Great Lakes Tow ing — C o m m o n s to c k $ 2 ,5 0 0 ,0 0 0 -------------P referred 7 % n o n -c u m u la tiv e $ 2 ,5 0 0 ,0 0 0 ------------------------

Great Northern Iron Ore Prop —-Trust certs 1 ,5 0 0 ,0 0 0 shares
1902
H avana Tobacco Co — B on d s $ 1 0 ,0 0 0 ,0 0 0 g o l d -------------------Illinois Steel— See U n ited S ta te s S teel C o rp o ra tio n
Indiana Lighting — F irst m tg o $ 5 ,0 0 0 ,0 0 0 g o ld red 1 0 2 — Ce 1908
Ingersoll-Rand — P f stk 6 % c u m fa ls o as to assets) $ 5 ,0 0 0 ,0 0 0
F irst rntge $ 3 ,0 0 0 ,0 0 0 g o ld red 105 b e g in n in g 1 9 t l - _ N . c * A r
International Harvester — C o m m o n s t o c k $ 6 0 ,0 0 0 ,0 0 0 ----------P referred (also as to assets) 7 % cu m u la tiv e $ 6 0 ,0 0 0 ,0 0 0 ..
International Mercantile Marine — S to c k c o m m o n |$60,000 ,000
P re f (as to assets) 6 % cu m $ 6 0 ,0 0 0 ,0 0 0 (V . 8 4 , p 1309,1370)
C oll tru st m tg e $ 7 5 ,0 0 0 ,0 0 0 red 105 sin ce O ct '0 7 -.N .C * Ar
In tern a t N a v 1st M g $ 2 0 ,0 0 0 ,0 0 0 su b j to call ( t e x t ) .F P .c *
O ce a n ic S tm N a v 1st M d e b £2,5 0 0 ,0 0 0 a u th red t e x t .c A r
D o m in io n L in e d e b e n tu re s ____ _______________________________
International Nickel — C om m o n s t o c k $ 1 2 ,0 0 0 ,0 0 0 a u th o rize d
P referred s t o c k 6 % n o n -c u m $ 1 2 ,0 0 0 ,0 0 0 a u th o r iz e d ______
F irst m ortg a g e $ 1 2 ,0 0 0 ,0 0 0 g o ld ca lla b le a t 110_________ N
International Paper — S t o c k c o m m o n $ 2 0 ,0 0 0 ,0 0 0 ____________
P referred 6 % cu m $ 2 5 ,0 0 0 ,0 0 0 (u n d e rly in g b o n d s t e x t ) ___
F irst c o n s At $ 1 0 ,0 0 0 ,0 0 0 g red sin ce 1907 a t 105 c o n v . U s.c*
C ons m tg o $ 1 0 ,0 0 0 ,0 0 0 g old red sink fu n d c o n v (te x t) . T a . c
International Salt — S to c k $ 3 0 ,0 0 0 ,0 0 0 ------------------------------------M ortg age g o ld $ 1 2 ,0 0 0 ,0 0 0 red 105 s f $ 2 0 0,00 0 y r l y .. U s m

1906

1902
1899
1908
Var

1898
1905
1901

S ize, or
Par
V a lu e

W here P a y a b le, and by
W hom

$1,000 $ 2 ,1 0 6 ,0 0 0
A
& O T re a su re r’s O ffic e , P h lla
3J-S
100 1 3 ,5 0 0 ,0 0 0 Q uar
See te x t
100
1 ,6 7 5 ,0 0 0 See te x t See te x t C le v e la n d , O h io
do
100
1 ,9 5 2 ,8 5 0 7 in 1909
32 N assau S t, N ew Y o r k
N on e l,49 5,72 0sh .
*
D M o rto n T ru s t C o , N Y
1.000
7 ,5 0 0 ,0 0 0
5 g

Q J
—

1,000
100
100 A c
100
100
100
100
1,000
1,000
£100
V a riou s
100
1,000
100
100
1,000
1,000
100
500 A c

GENERAL CHEMICAL CO.— O R G A N I Z A T I O N , A c .— In c o r p o r a te d in
N ew Y o r k on F eb . 15 1899 as a c o n s o lid a tio n o f th e N ich ols C h em ical C o .,
Jam es L . M organ A C o ., A c .
V . 68, p . 571; V . 74. p. 1093; V . 7 3 , p. 724;
V . 8 9 , p . 351 , 414.
E A R N I N G S .— F o r 5 m os. e n d in g M ay 31 1909, n et p ro fits, $ 81 7,90 2;
lire in su ra n ce reserve, $25 ,000 ; p re f. d lv . a t 6 % y e a r ly , $27 5,00 0; c o m m o n
d iv . a t 4 % . $ 12 3,50 5; ch a rg e d o lf, $83 ,435 ; b a la n ce , su rplu s, $31 0,96 2.
R E P O R T .— R e p o rt for y e a r e n d in g D e c. 31 1908, w ith bal. s h e e t. In
V . 88, p . 37 2 , sh o w e d : N et p ro fits, $ 1 ,2 2 7 ,8 3 7 : ch a rg e d o ff, $ 23 6,31 2; d lv -,
6 % on p r e f., $ 66 0,00 0; d iv . on c o m . ( 4 % ) , $29 6,41 2; b a l., s u r ., $ 35 ,113 .
O n p r e f., O ct. 1899 to O ct. 1909, b o th In cl., 6 % per a n n u m ( 1 ^ Q -J );
on c o m m o n , 1900 to 1902, b o th In cl., 4 % y e a r ly : In 1903, 5 % (Q -M ); In
’ 06 a n d ’0 7 , 4 % (M . & S .); ’ 08, 1 % qu a r. (Q .-M .); ’ 09, M c h ., 1 % ; Ju n e, 1 % ;
S e p t ., 1 % .
O F F I C E R S .— C h arlm an o f the B o a rd , W illia m H . N ich ols; P re sid e n t,
E d w ard II. R ising: S ec. an d T r e a s ., Jam es L . M organ; C h airm an E x e c .
C o m m ., W m . H . N ich ols J r ., N . Y . , 25 B ro a d S t .— ( V . 8 9 , p. 35 1 , 414.)
GENERAL ELECTRIC CO.— O R G A N I Z A T I O N .— O rga n ized u n d er a
sp ecial oh arter o f N ew Y o r k A p ril 15 1892, an d m a n u fa ctu re s o u tfits fo r
ele ctr ic railw ays an d all k in ds or ele ctrica l s u p p lie s.
In 1896 p o o le d paten ts
w ith W estln g h ou se E le c tr ic & M fg. C o .
V . 8 5 , p . 155, 1648; V . 62, p.
502, 635 , 1040; V . 65, p . 151; V . 68, p. 1024.
(S ee V . 68. p . 927.)
V.
7 0 , p . 689; V . 80, p . 1481; V . 83, p . 689.
C o n tr a c t fo r p o w e r. V . 72, p . 583.
In Jun o 1901 o b ta in e d co n tr o llin g In­
terest In B ritish T h o m s o n -I I o u s to n C o ., L t d ., o f L o n d o n . V . 7 2 , p . 1283. In
F eb . 1903 a b o u t $ 2 ,9 0 0 ,0 0 0 o f the $ 3 ,0 0 0 ,0 0 0 s to c k o f S ta n le y E lec. M fg.
C o. w as p u rch a sed .
V . 76, p. 437.
O w ns en tire c o m . s to c k o f E lectrical
S ec. C o rp . anil E lec. B on d A Sh a re C o. V . 79, p . 1706, 2645; V . 8 1 , p. 510.
O w ns the rights fo r the TJ. S . u n d e r p aten ts c o v e r in g C urtis s te a m turbine
en gin es.
V . 76, p. 1195; V . 77, p . 2161; V . 8 2 , p . 1272. C o -o p e ra te s
w ith A m . L o c o m o t iv e C o. In b u ild in g e le ctr ic lo c o m o t iv e s . V . 7 9 , p . 1022.
S T O C K .— O n J u ly 15 1902 a s to c k d is trib u tio n o f 66 2 -3 % w as m a d e ,
thus restorin g th e 4 0 % su rren d ered In 1898. S ee V . 74, p . 729 , 777 , 1199,
1252; V . 7 5 . p . 32; V . 8 1 , p . 1377, 1668.
It w as v o t e d N o v . 20 1900 to Increase the a u th o riz e d s to c k fro m $6 0 ,0 0 0 ,•00 to $ 8 0 ,0 0 0 ,0 0 0 , $ 1 0 ,8 4 7 ,6 0 0 b e in g so ld to s to c k h o ld e r s p ro rata at par.
raising the a m o u n t o u ts ta n d in g to $ 6 5 ,1 6 7 ,4 0 0 .
V . 83, p . 89 3 , 1349.
D IV ID E N D S —
1899.
1900.
1901.
1902 to O ct. 1909.
P er c e n t ................................... 3
6X
9
8 y e a r ly (Q - J ) .
D E B E N T U R E S .— In 1902 $ 2 ,0 4 7 ,0 0 0 d e b . b o n d s w ere issu ed, re d e e m ­
ab le on o r b e fo r e A u g . 1 1912 a t p ar an d th e r e a fte r a t 105.
V . 7 5 , p. 139.
T h ere are also $40 ,000 5 % d e b s , o u ts ta n d in g , co n v e r tllb e Into s to c k at 120.
S to ck h o ld e rs in 1907 su b scrib e d fo r $1 3 ,0 0 0 ,0 0 0 1 0 -y e a r 5 % d eben tu res
a t par. T h e y are c o n v e r tib le a fte r Ju n e 1 1911 Into s to c k a t par an d
r e d eem a b le a fte r th a t d a te a t 105.
V . 8 4 , p . 1184, 1251.
A N N U A L R E P O R T .— A n n u a l m e e tin g Is h eld the s e co n d T u e sd a y In
M ay.
R e p o rt fo r 1908-09 w as g iv e n In V . 8 8 , p. 1124, 1136; e d it ., p . 1100.
\rear ending J an 31—
1909.
1908.
1907.
In c o m e — Sales
$44 ,5 4 0 ,6 7 0 $ 7 0 ,977 ,16 8 $60 ,071 ,88 3
R o y a ltie s , A c i : : : : . . : ..............
703,943
1,010,962
417.586
1 ,1 3 7 ,9 3 8
487 ,079
In terest an d d is c o u n t_______________
Sale o f secu rities, A c ________________
3 5 ,912
9,779
329,703
7 50 ,000
----------675 ,000
N et p r o fit se c u r ity h old in g c o s ------T o ta l In c o m e _________________________ $4 7 ,1 6 8 ,4 6 9 $ 72 ,484 ,98 8 $ 0 1 ,608 ,83 2
O p era tin g exp en ses an d t a x e s . . ............ $ 4 1 ,649 ,57 3 $0 5 ,5 3 6 ,3 0 5 $53 ,106 ,59 4
716,643
3 6 2 ,0 3 0
74,395
In terest o n d e b e n tu re s _________________
$6,5 8 6 ,6 5 3
$8,127,843
B a la n ce fo r d iv id e n d s ________ ______ $4,8 0 2 ,2 5 3
B a la n ce 1908-09 as a b o v e . $ 4 ,8 0 2 ,2 5 3 ; d lv . (8 % ) o n s t o c k , $ 5 ,2 1 4 ,0 2 6 ;
tatal su r. Jan . 31 1908, $ 1 6 ,5 1 3 ,8 3 6 ; to ta l sur. Ja n . 31 1909, $ 1 0 ,1 0 2 ,0 6 3 .
D I R E C T O R S .— C. A . C o ffin (I’ r e s .) , G o rd o n A b b o t t , O liv e r A m e s ,
W M C ran e, T . Jefferson C o o lid g e J r ., B . E . S u n n y , G e o . P . G ardn er,
H en ry L . H ig g ln s o n , J. P le r p o n t M organ , J P O rd . R o b e r t T re a t P aine
2d M arsilen J P erry , S. L . S o h o o n m a k e r . C harles S te e le and E . W . R ic e
J r. T rea s. Is H en ry W . D arlin g; S e c ., M. F . W e s to v e r .
N ew Y o r k o ffic e ,
30 C h urch S t .— (V . 86, p . 1412; V . 8 7 , p. 48 2 . 1360; V . 8 3 , p . 1124.)

GRANBY CONSOLIDATED MINING. SMELTING & POWER , 0 ’
C

LTD. — O R G A N I Z A T I O N .— In c o r p o r a te d M ch . 29 1901 in B ritish C o lu m ­
bia.
O w ns lo w -g r a d e c o p p e r , A c ., d e p o sits; also s m e lte r a t G rand F ork s,
B O. V . 7 9 , p . 1644; V . 81, p. 1490; s ta te m e n t N . Y . S to c k E x ch a n g e ,
V . 85, p . 403 .
In 1907 a large in terest w as a cq u ire d In th e C ro w ’s N est
Pass C oal C o ., w h ich p rov id e s the coa l s u p p ly .
V . 88, p . 155. S to ck
a u th o r iz e d . $15 ,0 0 0 ,0 0 0 ; o u ts ta n d in g . $13 ,5 0 0 ,0 0 0 ; p a r, $100, ch an ged
from $10 in 1906.
N o b o n d s.
D iv id e n d s , 1% paid D e c. 1903; 1906,
to S e p t. 30 1907, 3 % q u a r.; 1908, Jun e 3 0 , 2 % ; D eo. 15, 2 % ; V . 87, p . 1320.
R e p o rt fo r y e a r en d in g Ju n e 30 1909 In ’ ’ C h ro n icle ” a b o u t N o v . 6. P re s.,
J a c o b L a n g eloth ; S e c ., N ortliru p F o w le r. O ffic e , 52 B ’ w a y .— ( V .8 7 ,p . 1302.)
GRAND RAPIDS GAS-LIGHT CO.— See A m e r. L ig h t A T r a c tio n .
GREAT LAKES TOWING CO.— O R G A N I Z A T I O N .— In c o r p o r a te d In
N . J. o n J u ly 6 1899 as a co n s o lid a tio n o f to w b o a t c o m p a n ie s alo n g the
G rea t L a k es.
S ee V . 69. p . 79, 593; V . 72, p . 778.
1909
’ 01. ’02. '0 3. ’ 04. ’ 05. '0 6. ’ 07. '0 8 .
‘
D IV ID E N D S —
1 ............. ..
0
0
2
0
0
0
0
C om m on ( % ) ............. )
7 (Q -J)
7
7 „ 7 „ 7
0
0
P referred ( % ) .......... J S M 3 M
3M 3M
P res, an d T r e a s ., E d w ard S m ith , C le v e la n d , O .— (V . 83, p . 1292.)
OREAT NORTHERN IRON ORE PROPERTIES.— S ee G rea t N orthern
Ry.— (V . 87, p . 938; V . 88, p. 1 0 5 9 ; V. 89, p . 414 , 473 .)
GUGGENHEIM EXPLORATION CO.— (V. 88, p. 1316; V. 89, p. 667.)
HACKENSACK WATER CO.— (V . 8 5 , p . 407 , 1521; V . 8 6 , p . 483.)
HAVANA TOBACCO CO.— O R G A N I Z A T I O N .— I n c o r p o r a te d In N . J.
•n M ay 28 1902 an d a c q u ir e d , p e r p lan V . 7 4 , p . 1142, c o n tr o l o f the H avan a
C om m ercia l C o ., H en ry C lay and B o c k A C o ., L t d ., H . d e Cabanas y C a rb a­
ja l and J. S . M urlas y Ca. T h e A m . C igar C o ., It is u n d e rs to o d , ow n s a con
trolling Interest in s to c k an d $ 3 ,5 0 0 ,0 0 0 o f $ 7 ,5 0 0 ,0 0 0 b o n d s. V . 85, p. 287
S t o c k , c o m ., $30 ,0 0 0 ,0 0 0 : p r e f., 5 % n o n -c u m ., $ 5 ,0 0 0 ,0 0 0 ; o u tsta n d in g
c o m .. $29 ,790 ,94 1; p r e f., $ 4 ,703,800 : p ar o f sh ares, $100.
B o n d s, $10 ,­
000 ,0 0 0 2 0 -y ea r g old 5s, o f w h ich $ 2 ,5 0 0 ,0 0 0 in tre a su ry.
R e p o rt fo r
oqI. y ea r 1908, V . 88, p . 682 , s h o w e d : D ivid e n d s re c e iv e d , $19,652; d e f.
a fte r charges an d ex p en ses, $ 16 7,08 0: Int. o n g o ld b o n d s, $37 5,00 0; bal.
d e f ., $54 2 ,0 8 0 . O ffice, 111 F ifth A v o ., N . Y .— (V . 88, p . 682.)
HERRING-HALL-MARVIN SAFE CO.— O R G A N I Z A T I O N .— In co r
p o ra te d in N . Y . o n S e p t. 22 1905, p er plan In V . 80, p . 999 . S to c k , $700,
000 , all ou ts ta n d in g ; p ar o f sh ares, $100.
G old d e b e n tu re n o te s , $32 3,75 0 6s, m a tu rin g to 1915.
V . 7 8 , p. 1395.
R e p o rt fo r ca l. y e a r 1907 V . 86. p. 478 .
In 1908, n e t profits, $102,049
ch a rged o ff fo r d e p re cia tio n an d re se rve , $41 ,666 ; b a l., s u r ., $59 ,3 8 3 .




W hen
P a yable

A m ou n t
O utstanding

3 ,0 0 0
4,8 0 0
1,989
60,0 0 0
60,0 0 0
49,931
51,730
52,744
18,966
£1,250
£128
8,8 2 2
8,912
9,296
17,442
22,406
9,0 8 0
5,725
18,228
6,430

000
000
600
000
000
735
971
,000
,000
,000
,531
,662
,626
,836
,800
,700
,000
,000
,000
,000

4 g
0 In 1909
5 g

A
A
A
Q— M

A Cen tral T ru s t C o , N
J
J O ffic e , 11 B ’ w a y , N
C h ecks m ailed

A
& O J P M organ A C o , N
F
A A C o m p a n y ’s O ffic e , N
J . 30 D e c L o n d o n
L iv e r p o o l
See t e x t 43 E x ch a n g e P la c e , N
do
do
Q— F
A
& O N ew Y o r k T ru s t C o , N
C h ecks m ailed
do
2 In 1909
Q— J
F A A M e tro p o lita n T r C o , N
0 g
uo
do
J
& J
5 g
See te x t
Q— M
A & O E m pire T ru s t C o , N Y
5 g

4K g
5 g
4H
4H & 5
See te x t
6 In 1909
5 g

B on d s— P r in c i­
pal, W hen D u e
S tocks— Last
D ivid en d
A p r 1 1940
D e o 1 5 ’ 08 2 %
J an 1 5 ’ 07 2 %
O c t 1 ’ 09 1
S e p t 15 1909 $1
Ju n e 1 1922

Y A u g 1 1958
J u ly 1 1909 » %
Y D e o 31 1935
S e p t 1 ’ 09 l
Y O ct 1 1922
Y F eb 1 1929
D e c '1 3 -J ’ e 3 0 ‘ 22
V a rious
Y D ec 1 1909 1 H
N o v 1 '0 9 1 %
Y A p r 1 1932
J u ly 1 1899 1%
O ct 15*09
Y F e b 1 1918
Jan 1 1935
D e c 1 1906 1 %
O c t 1 1951

P r e s ., C. U . C a rp en ter; S e c ., S t. G . B . T u c k e r ; T r e a s ., T . B . C a rp en ter.
O ffic e , 400 B r o a d w a y , N ew Y o r k .— ( V . 8 6 , p . 423 , 77.)
H U D SO N R I V E R E L . P O W E R C O .— ( V . 8 7 , p . 1535; V . 88, p . 22T.)
IL L I N O IS B R IC K CO .— (V . 8 8 . p . 104, 3 7 3 : V . 8 9 , p . 290.)
IN D IA N A L IG H T IN G C O .— O R G A N I Z A T I O N .— S u c c e s s o r o n o r a b o u t
O ct. 1 1908 to the L a fa y e tte , I n d ., N atu ral A Iliu m . G as, O h io A In d ian a,
L o g a n sp o rt A W a b a sh V a lle y an d F o rt W a y n e Gas co m p a n ie s , fo re c lo s e d
Ju n e 16 an d 17 1908, p er p lan In V . 84, p. 871; V . 86. p . 984 . S t o c k a u t h ..
$ 4 ,5 0 0 ,0 0 0 , all o u ts ta n d in g .
O f the 5 0 -y e a r 1st g o ld 4s ($ 5 ,0 8 0 ,0 0 0 a u t h .),
$ 2 ,0 0 0 ,0 0 0 w ill rem ain in th e tre a su ry . O ffic e , 2 R e c t o r S t ., N . Y . —
(V . 87. p. 419 . 938, 1423.)
IN D IA N A N A T U R A L G A S & O IL C O .— S e e P e o p le ’s G as L ig h t A C ok *
C o. o f C h ica g o , V . 8 8 , p . 1316, 1433.
IN G E R S O L L -R A N D CO .— O R G A N I Z A T I O N .— In c o r p o r a te d in N ew
Je rse y Ju n e 1 1905 and a cq u ire d In gersoll-S ergoan t Drill an d R a n d Drill
c o m p a n ie s an d a m a jo rity o f the $250,000 s to c k o f the C a n adian R a n d Drill
C o ., the la tte r h a v in g a pla n t at S h e rb ro o k e , Q u c .
O w ns p lan ts a t P h illlpsb u rg , N . J ., E a sto n an d A th e n s, P a ., a n d T a rr y to w n an d P a in te d P o s t,
N. Y .
A p p lic a tio n to list w as In V . 8 3 , p . 1176; see also V . 8 4 , p . 867; V . 85,
p. 465 . C om . s to c k a u th ., $5 ,0 0 0 ,0 0 0 ; Issued, $ 3 ,0 0 0 ,0 0 0 ; p ar, $100.
D I V I D E N D S .— P r e f., Jan . ’ 06 to J u lv ’ 09, In cl., 6 % y e a r ly (J. A J . ) .
R E P O R T .— R e p o rt fo r y e a r 1908, In V . 88, p . 942. s h o w e d ; N et earnings
o v e r d e p r e c ’ n ($ 4 4 4 ,7 3 4 ), $44 0,90 5; Int. o n b o n d s, $ 97 ,982 ; p r e f. d i r . ( 0 % ) .
$28 4,80 8; b a l., s u r ., $64 ,115 .
O F F I C E R S .— P re s id e n t, W m . L . Sau nders: 1st V .- P ., G e o rg e D o u b le ­
d a y ; T r e a s ., W m . R . G ra ce; S e cre ta ry , F re d . A . B ra ln crd .
O ffic e , 11
B ’ w a y .— (V . 8 4 . p . 999; V . 8 5 . p. 465; V . 8 6 . p . 978; V . 8 8 . p . 942 , 1133.)
IN T E R N A T IO N A L H A R V E S T E R C O .— In c o r p o r a te d in N . J . on Aug. 12
1902 and a cq u ire d fire co n ce rn s m a n u fa ctu rin g a gricu ltu ra l m aohlnes;
D e e rln g H a rv e ste r C o ., M cC orm ick H a rv e stin g M a ch in e C o ., A c . A ls o
has large p la n t In C a nada, tim b e r la n d s, c o a l, o r e , bla st fu rn a ce an d stoel
pro p e rtie s.
S ee r e p o rt, V . 86, p . 1471; V . 87, p . 94. W isco n sin S teel
m o rtg a g e , V . 8 5 , p . 104.
, _____
V O T I N G T R U S T .— S to c k is held In a v o t in g trust until A u g . I 1912;
the v o tin g tru stees, G eorge W . P erkin s, Charles D eerln g an d C yrus II.
M cC o rm ick , m ay term in ate the trust a t an earlier d a te . V . 78, p. 1112.
D I V I D E N D S (o ld sto ck ) .— In 1903, 3 % : 1904 to 1906, 4 % y e a r ly .
O n p r e f. (new s t o c k ). Jun o 1907 to S e p t. 1909, b o th In cl., 1
qu a r.
R E P O R T .— R e p o rt fo r cal. y e a r 1908 (V . 88, p . 1058, 106 7 ), s h o w e d :
Calendar
Incom e
D ep rccia 'n ,
Interest on
D ividends
B a lan ce,
Y ears— from O per. R en ew als,& c. L o a n s ,& c .
on Stock.
S u rp lu s.
1 9 0 8 ..........-$ 1 2 ,9 3 0 ,3 7 8
$ 3,169,023
$87 5,67 3
$ 4 ,2 0 0 ,0 0 0
$4,6 8 5 ,6 8 3
1 9 0 7 - . - . - - 11,228,317
2.007.821
1 .140,039
4 ,2 0 0 ,0 0 0
3 ,8 8 0 ,4 5 7
O F F I C E R S .— C h airm an o f B o a rd , Charles D eerln g; C h airm an F in an ce
C o m m itte e , G eorge W . Perkins; P re s., Cyrus H . M cC o rm ick : V .- P . , Jam es
D eerln g, H a rold F . M cC orm ick , W illia m H . J on es an d J. J . G lessner; T r e a s ..
H arold F . M cC orm ick; S e c ., R ich a rd F . H o w e . G enoral o ffic e , 237 M ich i­
gan A v e ., C h ic a g o .— (V . 8 8 , p. 234, 1004, 1058. 1067; V . 89, p . 229.)
IN T E R N A T IO N A L M E R C A N T IL E M A R IN E C O .— O R G A N I Z A T I O N .
& c.— F o rm e rly In te rn a t. N a v . C o ., a cq u irin g In 1902 (p e r p la n , V . 74,
p 888 , 941, 1093; V . 75, p. 1089, 130 5), W h ite S ta r, A m e r ic a n , R e d S tar,
A tla n tic T r a n sp o rt, D o m in io n an d I.e y la n d lin es, h a vin g an a ggre ga te
gross to n n a ge b u ilt o r b u ild in g D eo. 31 1908 o f 1,154,804 ton s.
S T O C K .— O f the s t o c k . $ 1 0 ,0 6 8 ,2 6 5 c o m . a n d $ 8 ,2 6 9 ,0 2 9 p re f. o n D eo.
31 1908 rem ain ed In the tre a su ry.
N ea rly all th e s t o c k Is to b e held In a
v o t in g trust until O ct. 1 1912. a lth o u g h th e tru stees m a y , In th eir d iscre­
tio n , term in ate the trust a t an earlier d a te .
V o tin g tru stees, J . P le rp on t
M organ. Chas. S te e l, J . B ru ce Is m a y , P e te r A . B . W ld c n c r a n d W . J . P irrle.
B O N D S .— In 1908 £1.250.000 (a u th . £2,500,000 ) O ce a n ic S te a m N a v .
C o . (W h ite S tar Line) 4 H % d e b s, w ere o ffe r e d , £ 12 5,00 0, red eem a b le
y e a r ly D e c. 31 a t par. b e gin n in g 1913: re m a in d e r p a y a b le Ju n e 30 1922.
W h o le o r a n y part m ay be retired a t par begin n in g D eo. 31 1913 o n 60 d a y s’
n o tice . T h e y w ill bo secu red o n 23 vcssols, v a lu e d a t £ 4 ,8 5 0 ,0 0 0 , an d 4
vessels to be bu ilt a t estim a ted c o s t o f £ 3 ,000,000 . T h e p ro ce e d s o f the
d e b e n tu re s can o n ly be used to p a y fo r new p r o p e r ty .
V . 8 7 , p . 1091.
C ol. trust 4 i i s , see a p p lica tio n ra lis t, V . 84, p . 1309. 1 h o In te rn a t. N a y .
5s are s u b je c t to call at par a fte r 1909, an d a s. f. o f $ 2 5 0,00 0 to $->00.000
retires them a n n u ally sin ce M ay 1 1905.
D o m in io n Line d e b e n ., £128.531;
F re d . L e y la n d A C o . 1st m tg e . 4 % d e b .. £35 4,40 0, d u o D eo. 1 1021, are n ot
jn clu d e d In c o m p a n y ’s bal. sh e e t, o n ly a m a jo rity o f s to c k be in g o w n e d .
R E P O R T .— R e p o rt fo r y e a r e n d in g D eo. 31 1908. In V . 8 9 , p . 3 8 , sh o w e d :
T o ta l gross earn in gs, $30 ,5 2 9 ,7 4 8 : n e t, $ 87 5,85 7; Int. an d In com e ta x ,
$ 3 ,6 9 5 ,5 0 3 ; a d d surplus Insurance a c c ’ t, $ 1 ,0 6 2 ,3 4 4 ; p ro fit o n b o n d s p u rch .
fo r sin k in g fu n d , $27 ,319 : b a l., d e f., fo r y e a r , $ 1 ,7 2 9 ,9 8 3 . In 190T, gross,
$39 ,2 6 6 ,5 8 8 : n e t, $ 7 ,0 2 4 ,0 4 5 .
„
„
„
O F F I C E R S .— P re s., J. B ru ce Ism a y ; T r e a s .. H o ra ce G . Ph illips.
D I R E C T O R S .— A m erica n s.— C. A . G rlscoin , P . A . B . W ld e n e r, P e rcy
C h u b b , J o h n I. W a te r b u r y , E. J. B o rw ln d , G eo. W . P erk in s, J . P ..M o r g a n
J r ., J o h n F . A r c h b o ld , Charles S te e le . E nglish D irecto rs.— It. O. G ren ­
fe ll. J . B. Is m a y , R t . H o n . L o r d P lrrlo, Charles F . T o r r c y an d H a ro ld A .
S an d erson . O ffice , 9 B ’ w a y , N . Y .— ( V . 8 8 , p . 55; V . 8 9 , p . 3 6 , 106.)
IN T E R N A T IO N A L N I C K E L C O .— In co rp o ra te d In N . J . M ar. 29 1902
an d a cq u ire d c o n tr o l o f Canadian C o p p e r C o ., w ith pla n t a t C o p p e r CHIT.
O n t.; N ick el C o rp o ra tio n o f L o n d o n , w ith m ines a t N ew C a le d o n ia , an d the
O rfo rd C o p p e r C o. o f B a y o n n e , N . J ., A c .
V . 75, p . 1205, 1257. C o m m on
s tk . a u t h ., $12 ,000 ,00 0; o u t ., $ 8 ,822,662 ; p ar, $100. P r o f., see table a b o v e .
D I V I D E N D S .— O n p r e f., 1 H % q u a r. F e b . 1906 to N o v . 1909, b o th Incl
First d iv id e n d on c o m m o n s t o c k , 1 % , p aid S e p t. 1 1909; D e c . 1909, 1%
and
e x tr a .
V . 8 8 , p . 1562.
R E P O R T .— R e p o rt fo r y e a r e n d in g M arch 31 1909, In V . 8 8 , p . 1370,
sh o w e d total net Incom e o f c o n s titu e n t c o s . (e x c lu d in g tw o In N ew C ale­
d o n ia ), $1,75 6 ,1 9 9 ; Int .on b o n d s, $47 3,50 0; d lv . o n p re f. ( 0 % ) , $53 4,73 3;
b a l., s u r ., $74 7,96 6; d e p r e c ’ n, sin k , fu n d , re se rve , A c ., $50 7 ,8 0 5 .
O F F I C E R S .— C h airm an o f b o a r d , R o b e r t M. T h o m p so n ; P r e s .. A m b r o s e
M onell; S e c ., S te p h e n II. P . Pell; T r e a s ., Jam es L . A s h le y .
O ffic e , 43
E x ch a n g e P la ce , N . Y .— (V . 88, p . 1375, 1562; V . 8 9 . p . 849.)
IN T E R N A T IO N A L P A P E R . — In c o r p o r a te d Ja n . 31 1898 a n d t o o k o v o r
b y purch ase 25 o f the prin cip a l p u lp a n d p a p e r m ills o f th e U . S .. s e e v . « i ,
o 2623; V . 67, p . 42 8 , an d V . 69, p . 494; also a p p lic a tio n s to list In V . 67,
p . 1359. a n d V . 68, p. 726; V . 80, p. 1482.
D a ily o u t p u t a b o u t 1,700 ton s.
See p ro s p e ctu s In V . 66. p . 288, an d V . 67, p . 177; also • ffid a l s ta te m en t,
V. 69, p . 281. T h e C on tin en tal P a p e r B a g C o ., a m a jo rity # f w h ose $ o .000 ,000 s to c k Is o w n e d , w ith fa c to r y a t R u m fo r d Falls, M e ., c a p a c ity a b o u t
1 5 ,0 0 0 ,0 0 0 bags d a lly ; first (q u a r.) d lv . o n c o m . s t o c k , 1 « , paid Jun o
1905. V . 7 0 , p 7 4 2 ; v . 69. n . 494 , 908: V . 7 3 , P. 788: V . 80. p. *«*«!■
A m e r. R e a lt y C o. see V .J75, p . j l 2 o £ V . 79.5P..2207.
V . 8 2 ,fp . 103.

M I S C E L L A N E O US
E o r exp la n a tion o f colu m n headings, A c .
first page o f tables

see notes on

Intcrnat Silver— S to c k p r e f 7 % also as to assets $ 9 ,0 0 0 ,0 0 0
D iv id e n d scrip (V 76, p 1 0 6 )_________________________________
F irst M $ 1 ,5 0 0 ,0 0 0 sink fu n d ca lled a t 110 sin ce 1 9 0 1 . N .c*
D eb en tu res $ 2 ,0 0 0 ,0 0 0 g o ld r e d e e m a b le a t p a r_________ —

International Steam Pump Co— Com stock $24,000,000._Ta
P referred s to c k 6 % (also assets) cu m $ 1 5 ,0 0 0 ,0 0 0 -------- Ta
First lien M $ 1 2 ,000 ,00 0 g s f red 1 0 3 ____________S .c*& r*
W o r th in g to n preferred s to c k 7 % c u m u la tiv e (see also text)
H o lly M fg 1st M $70 0,00 0 g o ld gu ar p & 1 en d (V 73 p 1117)
T h e Illak e & K n ow le s S te a m P u m p W o rk s 8 % p re f s t o c k ,
do
do
do
do
deben b o n d s.
Jefferson & Clearfield Coal & Iron— P r e f s t o c k 5 % n o n -c u m .
F irst m ortg a g e g old sin k in g fu n d d ra w n a t 1 0 5 _______(i.c *
S e con d m ortg a ge g o ld sin k in g fu n d d ra w n a t 1 0 5 ..U s m .c *
Kansas City Stock Yards Co of Alo— S to c k $ 9 ,0 0 0 ,0 0 0 a u t h .
C o n v ertib le b o n d s _____________________________________________
Keystone Telephone Co— First M g red (o th e r b o n d s t e x t ) . _ K
Kings County Electric Light & Power— S to c k $ 1 0 ,0 0 0 ,0 0 0 . .
F irst m ortg a ge g old $ 2 ,5 0 0 ,0 0 0 _______________________ T a .c
PU rch m o n e y m tge g sec b y E d ls s t o c k & c (V 76, p 4 7 )C c.c*
K dlson E lcc 111 con s m tge (n o w first) $ 1 0 ,0 0 0 ,0 0 0 g - .A lo .c *
D eben tu res $5,0 0 0 ,0 0 0 c o n v . Into s to c k a fte r 3 y e a r s _______
Knickerbocker Ice— C o m m o n s to c k $ 4 ,0 0 0 ,0 0 0 _______________
P ref s to c k $ 3 ,0 0 0 ,0 0 0 6 % cu m (n o t p re f as to assets) c o n v .
F irst m ortg a ge g old red eem a b le 1 0 5 ________________________
R e fu n d in g m ortg a g e $ 6 ,0 0 0 ,0 0 0 g o ld __________________ F .c
C ollateral g old n otes $ 1 ,3 0 0 ,0 0 0 (V 8 8 , p 1 0 4 ) . . ............. .......

D ate
of
B onds
....




Am ount
O utstanding

$100

1898
1,000
1903
1,000
100
____
____
100
1909 $ £ fr &e
____
100
100 &c
1901
____
48.5 0
48.50
____
100
____
1896
1,000
1,000
1896
100
____
1,000
190 0-3
1905 1,000 &C
100
____
1897
1,000
1,000
1898
1898
1,000
____
1898
1906
1909

100
100
1,000

D IV ID E N D S —
1898.
1899. 1900 to 1907.
1 9 0 8 . -----1909-----P referred s to c k ( % ) _____ 4 H
6
6 % y e a r ly
4
2 ( A Q -J)
C om m o n s to c k
( % ) ______1
2
N one.
N one.
N one.
B O N D S .— T h e co n s o l, m tg e . 5 % b o n d s o f 1905 ($ 1 0 ,0 0 0 ,0 0 0 a u th o r iz e d
Issue) are co n v e r tib le o n a n y Interest d a y sin ce J u ly 1907 an d b e fo re
1017 Into p ref. s to c k a t par. A s. f . o f 2 % o f all b o n d s e v e r Issued Is p a y a b le
y e a r ly , sin ce 1907, fo r w h ich b o n d s are s u b je c t to call a t 105 a n d Interest
a fte r 1900. T h e rem ain in g $ 4 ,0 0 0 ,0 0 0 b o n d s are reserved fo r fu tu re
pu rp oses. V . 79, p. 2699; V . 8 0 , p. 119, 225; see a p p . to list, V . 80, p . 1482.
T h e co n s o l. 6s o f 1898 are c o n v e r tib le a t h o ld e rs ’ o p tio n o n a n y F e b . 1 o r
A u g . 1 b e fo re 1910 Into p re f. s to c k a t par; th e y c o v e r all "a fte r -a c q u ir e d
r e a lt y .”
A n n u a l s. f ., $15 0 ,0 0 0 , began F e b . 1 1905. C onsols are reserved
to tak e up $15 8,00 0 O tis Falls Issue b e lo w n a m e d .
O th er b on d s o u t;
1 . In t. P a p e r purch. m o n ey . I n i.
W here paid .
Outst'g.
M a tu r ity .
A m in o n o o s u c L u m b .ls t M . s .f.4 g .M -S N Y , M et T r Co $19 0,00 0 S e p t 1 ’ 13
O n tario P a p er 1st M __________O g.F -A
do
do
150,000 F e b 1 '1 8
R u m fo r d Fall S lph t 1st .0 g .J -J
do
d >
350 ,00 i J u ly 1 '18
P Is c a ta q u Is F a lls P .,lS tM .,s ,f. 4 g .F -A
do
do
85,5 0 0 A u g 1 ’ 18
2. Old bonds (x a ssum ed).
x H u d son R iv e r P u lp & P a -1 6 g .J -J N Y , M an T r Co 1 ,5 0 0 ,0 0 0 Jan 1 '1 8
p e r _______ ________________ ]
S u b je c t to call a t 105 sin ce 1907.
x O tis Falls P u lp C o. 1st M _ 1 6 g.M -N B o s t.O ld C o l T r .
158 ,000 M a y 1 '16
O ld C o lo n y T r C o, tr u s te e ]
S u b je c t to call a t 105.
O lc o tt Falls C o ...........................5g.M -S N Y , M e t T r C o . 3 8 9 ,0 0 0 M ch 1 '1 9
B onds of Controlled C om pa n ies—
A m . R e a lt y C o. l s t M 1 5 g .J -J I> o rt,M e .,U .S .D .& T .C o . 3 6 8 ,0 0 0 J u ly 1 1941
g Int gu red p a r s f .j U n l o n S afe D e p o sit & T ru st C o ., P o r tla n d , M e ., trus.
O lc o tt Falls 1st M g - .5 g .M - S
N . Y ., M ctr. T r . C o .
389 ,0 0 0 M ch 1 1919
P le r c e fe ld P a p e r 1st M . _______
4 28 ,000 S e p t 1 1919
U m b a g og P a p er 1st M .5 g .M & S U n .S .D .& T r.C o .,P o rt,
95,000 S e p t 1 1918
R E P O R T .— F or y e a r e n d in g Jun e 30 1909, l n ‘ ‘ C h ro n lcle ” a b o u t O c t . 30.
F isca l
C ross
Cost raw maInterest,
D ivid en d s
Balan ce,
year.
in com e.
t e r ia ls ,m fg .,A c . taxes, A c .
on p ref.
su rplu s.
1908-09 .$ 1 8 ,2 3 8 ,4 7 7
$1 6 ,4 5 6 ,3 7 9
$ 1 ,183,996 (2 % ) $448,134 $149,968
1907-08 . 20,7 1 6 ,3 0 4
17,878,134
1,2 0 2 ,2 5 2 (5 % ) 1 ,1 2 0 ,3 3 5
515,583
D I R E C T O R S .— H u gh J . C h ish olm (C h a irm a n ), A . N . B u rb a n k (P re s,
an d T r e a s .), F . B . Jen n in gs, W arren C u rtis, T . S . C o o lld g c , D . O . M ills,
G . F . U n d e r w o o d , H . A . W ild e r, O gden M ills, W . A . W h it c o m b , P h illip T .
D o d g e . S ec. Is E. W . H y d e .
O ffic e , 30 B road S t ., N . Y . — (V . 89, p . 99 7 .)
IN T E R N A T IO N A L P O W E R C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In
N ew Jersey o n Jan . 14 1899. C on trols A m e r ic a n & B ritish M fg. C o ., w ith
p lan ts a t P r o v id e n c e , R . I ., an d B r id g e p o r t, C on n .
(V . 68, p . 671; V . 84,
p . 800; V . 85, p . 287, 470; V . 88, p. 113 0 ), an d A la b a m a C on sol. C oal &
Iron C o. (see s ta te m e n t In this S e c t io n ). O w ns A m o s k e a g Fire E n gin e C o .,
en gin es m a n u fa ctu red b y M an ch ester L o c o m o t iv e W o r k s , M an ch ester, N .H .
V . 81, p. 1317. C on trols A m e rica n Oil E n gin e & S h ip -B u ild in g C o ., w ith
p la n t a t W o r c e s te r , M ass., a n d T r in ity Z in c , L ea d & S m e ltin g C o ., w ith
m in es a t C a rth a ge, M o .; also holdin gs In A m e rica n D iesel E n gin e C o.
V . 79, p . 503, 215; V . 87, p . 1665.
S T O C K .— C o m ., a u t h ., $ 7 ,4 0 0 ,0 0 0 ; Issued, $ 5 ,0 4 7 ,0 0 0 . P r e f., 6 % c u m .,
$60 0 ,0 0 0 . P a r all sh ares. $100.
D I V I D E N D S .—
1900. 1901. 1902. 1903. 1904. 1905. 1906.
P r e f e r r e d ........................... %
6
7A
8 A
N il.
6
16 J a n ., 1
C o m m o n ............................. %
0
0
2A
0
0
l J a n ., 1
P r e s ., J osep h H . H o a d le y , 78 B r o a d w a y , N ew Y o r k .— ( V . 8 5 , p . 287)
I N T E R N A T IO N A L S A L T C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in
N ew Jersey In A u g . 1901 an d a cq u ire d a m a jo r it y o f the s to c k o f the N ation a l
S a lt C o. an d R c t s o f M ining C o ., per plan V . 73, p . 724; V . 75, p. 551, 736; V .
7 6 , p . 755; V . 77, p .1 2 2 8 . On M ay 25 1901 th e N a tio n a l S alt C o .’s p ro p e r­
ties w ere pu rch ased a t ju d icia l sale; su cce sso r In tern a tion a l S alt C o. o f N ew
Y o r k , w ith $75 0,00 0 s to c k .
V . 78, p. 2014; V . 8 0 , p . 1056; V . 81, p. 1378.
N ew pla n ts, & c. V . 8 4 , p . 53, 802; V . 86, p . 855; V . 88, p . 1311.
D I V I D E N D S .— O n D e c. 1 1905, 1 % ; 1906, 4 % (Q .-M .); n on e sin ce to
O ct. 1909. V . 83, p . 1593; V . 84, p . 53.
B O N D S — O f the 5s o f 1901 ($ 1 2 ,0 0 0 ,0 0 0 a u th o r iz e d Issue), on e -six tie th
o f a m o u n t Issued Is to be retired each y e a r b y sinking fu n d an d c a n ce le d ;
to M ay 1906, $44 5,00 0 had been re tire d . V . 8 2 , p. 1443.)
U n d erly in g b o n d s, $140,000 H utch lnson -IC ansas S alt C o ., d u e Ja n . 1
1912, and Itetsof M ining C o ., $1,000 g o ld 5s d u e O ct. 1925. $ 2 ,5 0 0 ,0 0 0
(Int. J. & J . a t K n ic k e r b o c k e r T ru st C o ., N . Y . , tr u s te e ).
R e p o rt fo r y e a r
e n d in g F e b . 29 1909, V . 88, p . 1311.
P re s., M . B . F u ller; V . - P . , M . M .
B e ld ln g J r .: T .e a s ., W . H . B a rn ard; S e c ., H . D F u ller. O ffic e , S cra n to n ,
P a .; N ew Y o r k o ffic e , 2 R e c t o r S t.— (V . 88, p . 509, 1311.)
I N T E R N A T IO N A L S I L V E R .— O R G A N I Z A T I O N , & c .— I n c o r p o r a te d In
N o v . 1898 u n d er laws o f N . J. and a cq u ire d s ilv e r-p la tin g p ro p e rtie s— see
V . 67, p. 1160; also V . 68, p. 232, 33 4 , 1024; V . 76, p . 106. A lso has a large
sterlin g silver o u tp u t.
See V . 68, p. 334 , as to rights o f ca p ita l s t o c k , pla n ts,
&C.
V . 67. p . 1160; V . 08, p . 1024; V . 71, p . 545; V . 82, p . 990.
S T O C K , & c.— C om . s to c k Issued, $ 9 ,9 4 4 ,7 0 0 , o f w h ich $ 9 ,2 4 9 ,3 0 0 In
trea su ry J a n . 1 1909; p r e f., $ 6 ,6 0 7 ,5 0 0 , o f w h ich $57 8,91 2 In tre a su ry.
V . 8 8 , p . 683, 752. O w ns all the s to c k o f C. R o g e rs & B ro .
V . 76, p . 106.
U n d erly in g b o n d s, $12 7,60 0 H olm es & E d w ards 1st 6s.
D I V I D E N D .— 11900. 1901. 1902 t o ’ 06. 1907. 1908.
1909.
O n p r e fe rr e d — % j l ' j
o
4 y e a r ly .
6 V*
4 A l . l V f . U * . 1H
A ls o In Ja n . 1903 scrip fo r u n p a id d lv s . ( 2 1 )4 % ) to d a te , $ 1 ,0 8 5 ,3 4 3 .
R E P O R T fo r y ea r e n d in g D ee. 31 1908, w ith bal. s h e e t. In V . 88, p . 683,
sh ow ed n et earn in gs, $ 1 ,8 2 9 ,5 5 6 ; Int. o n b o n d s, $32 5 ,4 5 4 ; d lv . o n p re f.
s to c k ( 4 % ) , $24 4,56 0; b a l., s u r ., $45 9 ,5 4 2 . P r e s ., G e o . H . W ilc o x ; T r e a s .,
G e o . M . C u rtis, M eriden , C o n n .— (V . 8 6 , p . 605 , 6 6 6 ; V . 8 8 , p . 509, 683.)
I N T E R N A T IO N A L S M E L T IN G & R E F IN IN G C O .— V . 8 9 , p . 997,
IN T E R N A T IO N A L ST E A M P U M P C O .— O R G A N I Z A T I O N .— I n c o r ­
p ora ted M arch 24 1899 In N ew Jersey as a c o n s o lid a tio n o f live c o m p a n ie s.
O fficial s ta tem en t in V . 68, p . 723; V . 72, p . 673: V . 71, p . 545; r e p o rt,
V . 7 5 , p . 82; V . 76, p . 1146. N ew fa c to r y a t H arrison , N . J ., w as c o m ­
' ' ] In 1904. V . 75, p . 210.
In 1906 a cq u ire d co n tr o l o f P o w e r &
g M ach. C o. V . 82, p . 1044, 1159: V . 8 3 , p . 754 , 1410; V . 87, p . 483.
S T O C K .— S tock a u th o riz e d , $2 4 ,0 0 0 ,0 0 0 c o m . an d $ 15 ,000 ,00 0 p r e f. as
Increased b y $ 5,500,000 c o m . an d $2,5 0 0 ,0 0 0 p re f. In M ay 1906 to a cq u ire
th e P o w e r & M ining M ach in ery C o .
V . 82, p . 1044, 1159.
D lv . on p re f.
A u g . 1 1899 to N o v . 1 1909, b o th ln c l., 6 % p er an n u m (1 A % Q .- F .) ; on
c o m ., J u ly 1901 to J u ly 1904, ln c l., 1 % q u a r.; O ct. 1904, A % : In 1005,
J a n ., A % : A p ril, A % \ n on e sin ce to O ct. 1909. V . 8 1 , p . 3 4 . T h e s to ck
unissued Is set a p a rt to retire the $ 2 ,0 0 0 ,0 0 0 7 % c u m . p re fe re n ce shares o f
H e n r y R . W orth in g ton C o. an d £302,155 6 % d eben tu res an d $485,000 8 %
p r e f. shares o f B lake & K n ow les C o . H o lly M fg. C o. b d s. see V .7 3 .D . 1117.
B O N D S .— In J u ly 1909 $8,5 0 0 ,0 0 0 first lien 5 % b o n d s w ere sold fo r Im ­
p r o v e m e n ts , retirem en t o f n otes p a y a b le an d re fu n d in g the existin g d e b t ,

B

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

$ 6 ,0 2 8 ,5 8 8
1 ,085,343
3 ,5 1 9 .0 0 0
2 ,0 0 0 ,0 0 0
17,7 6 2 ,5 0 0
11,3 5 0 ,0 0 0
8 ,5 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
700 ,000
485 ,0 0 0
4 0 4 ,0 0 5
1 ,5 0 0 ,0 0 0
1 ,1 1 4 ,0 0 0
1 ,0 0 0 ,0 0 0
8 ,1 1 7 ,0 0 0
8 83 ,000
5 ,4 8 5 ,0 0 0
10,0 0 0 ,0 0 0
2 ,5 0 0 ,0 0 0
5 ,1 7 6 ,0 0 0
4 ,2 7 5 ,0 0 0
S ee t e x t
4 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
1 ,924,000
S ee t e x t
1 ,300,000

R ate
See

When
P a y a b le

te x t

6 g
6 g
See t e x t
6 In 1909
5 g
7
5 g
8
6
5
5 g
5 g
6 in 1909
5
5 g
8 in 1908
5 g
6 g
4 g
6
See t e x t
See te x t
5 g
5 g
6 g

Q— J
J
J

& D
&
J
Q—J
Q— F
M & S
M & N
J
& J
J
&
J
J u ly
F
& A
J
& 1)
J
& D
Q— F
F & A
J
&
J
Q— M
A & O
A & O
J
&
J

W here P a y a b le, and by
W hom

B on d s— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d

C h eck s m ailed

O ct 1 ’ 09 1 K %

A m e r E x ch N at B k , N Y
do
do
C h eck s m ailed
do
N Y Lon P aris & A m s te r
C h eck s m ailed
C en t R ea l B & T C o , N Y
C h ecks m ailed
C o m p a n y ’s O ffice
C h ecks m ailed
36 W all S t, N ew Y o rk
do
do
O ffice 50 S tate S t, B oston
do
do
F isk & R o b in s o n , N Y
C h ecks m ailed
T ru st Co o f A m e r ic a , N Y
Cen tral T ru st C o, N Y
M o rto n T r u s t C o , N Y

D e c 1 1948
Jan 1 1933
A p r 1 1905 A %
N o v 1 ’ 09 1 A %
S e p t 1 1929
■o v 1 1909 3 A
Jan 1 1921
J u ly 1 1909 4 %
1912
A u g ’ 16’09,2 A %■
Jun e 1 1926
Ju n e 1 1926
N o v l ’ 09 1 A %
1910— A u g 1913
J u ly 1 1935
Sept 1 1909 2 %
O ct 1 1937
O ct 1 1997
Jan 1 1939
12 years

See t e x t C h eck s m ailed
A
& O
do
O ct
A
& O Cen tral T r u s t, N Y & C h ic A p r
F eb
F
& A F irst T r & S a v B k , C h c F e b

1 ’ 09, 4 A %
1 1928
'
1 1946
1 1911

th e r e m a in d e r o f th e $ 1 2 ,0 0 0 ,0 0 0 reserved fo r Im p ro v e m e n ts. A sinking
fu n d w ill retire A th e Issue b y m a tu r ity .
V . 8 9 , p . 166, 290, 414 , 1070.
D e b e n tu re s ($ 3 ,5 0 0 ,0 0 0 6s) c a lle d fo r p a y m e n t a t 105 O ct. 28 1909
R E P O R T .— R e p o r t fo r y e a r e n d in g M arch 31 1909 g iv e n in V . 8 9 , p . 100,
sh o w e d n et p ro fits, $ 1 ,4 4 7 ,6 5 3 ; d iv id e n d o n p r e f. ( 6 % ) , $68 1 ,0 0 0 ; In t., & c .,
$57 3 ,9 9 5 ; b a l., s u r ., $19 2 ,6 5 8 . P r e s ., B e n j. G u gge n h e im ; A sst. T r e a s .,
A r n o ld T a n zer; S e c ., Irw in C. S tu m p . O ffic e , 115 B ’ w a y , N . Y — (V 8 8 .
p . 297, 1257; V . 8 9 , p . 100 , 106, 166, 290 , 352 , 4 1 4 , 596, 1070.)

J E F F E R S O N & C L E A R F I E L D C O A L & IR O N C O .— O R G A N I Z A T I O N .
— O rg a n ize d u n d e r th e law s o f P e n n s y lv a n ia in M ay 1896. S e c V . 02, p .
908; V . 6 3 , p . 115. C o m p a re B u ffa lo R o c h e s t e r & P itts b u r g h R R .
M a xi­
m u m a m o u n t so fa r sh ip p e d In o n e y e a r , 2 ,595,161 to n s.
S T O C K .— T h e $ 1 ,5 0 0 ,0 0 0 c o m m o n a n d $3 0 0 ,0 0 0 o f th e $ 1 ,5 0 0 ,0 0 0 o f 5 %
n o n -cu tn . p r e f. s to c k Is o w n e d b y th e R o c h e s te r & P itts b u rg h Coal & Iron
C o . (th e c o m m o n m o s tly p le d g e d as se c u r ity fo r Its b o n d s; V . 75, p . 1 3 5 7 ).
D I V I D E N D S .— O n p re f. in 1897, A u g ., 5 % ; 1898 to A u g. 1909, 5 %
y e a r ly ( F . & A .) . D iv id e n d s o n c o m m o n In 1900, 5 % ; 1902 to 1905, b o th In­
c lu s iv e , 5 % y e a r ly (paid in A u g .) ; In 1906 to 1909, n o n e . V . 75, p . 1357.)
B O N D S .— T h e sin k in g fu n d Is 3 ce n ts fo r e a ch ton o f co a l m in e d , the
p a y m e n ts n o t to be less th an $ 5 0 ,0 0 0 p er an n u m .
E s tim a te d th a t ls t s w ill
b e re tired In 23 yea rs an d 2ds In 28 yea rs 6 m o n th s .— (V . 8 5 , p . 1341.)
E A R N I N G S .— Y e a r e n d in g Ju n e 30 1909, gross, $ 1 ,4 7 8 ,2 6 0 ; n e t, $ 2 6 5 ,­
184; In t., ta x e s , s. f . , $ 23 9,10 4; p r e f. d l v ., $ 75 ,000 ; b a l., d f ., $ 48 ,921 .
JO N E S & L A U G H U N S T E E L C O .— (V . 8 8 , p . 1257; V . 8 9 , p . 596.)
K A N S A S C I T Y (MO.) G A S C O . — O rg a n ize d in A p ril 1897 In M issouri as
a c o n s o lid a tio n .
L e a se d N o v . 16 1906 to a s y n d ic a te In w h ich th e U n ited
Gas Im p r o v e m e n t C o . Is In terested fo r a p eriod as lo n g as lessee shall furnish
natu ral gas in K an sas C ity (p resen t o r d in a n c e ex p ire s S e p t. 27 193 6).
L e a se co v e rs Int. o n b o n d s, sin k , fu n d , ta x e s an d d iv id e n d s o n s t o c k (p a y ­
a b le Q .-M .) a t 2 % fo r 1st y e a r , 2 A % fo r 2d y e a r, 4 % fo r 3 d y e a r a n d 5 %
fo r 5th y e a r an d th e re a fte r.
T h e 5 % ra te begin s D e c . 1 1910. See
V . 8 4 , p . 1371. C a pital s t o c k , $ 5 ,0 0 0 ,0 0 0 , o f w h ich U n ited G as Im p t .
o w n s a m a jo rity ; par, $10 0. B o n d s o u ts ta n d in g , $ 4 ,2 5 0 ,0 0 0 g o ld 5s d u e
A p ril 1 1922, s u b je c t to call a t 105. Interest Is p a y a b le A . & O . a t N . Y .
o ffic e o f G u a ra n ty T ru st C o. o r M . & N . In L o n d o n . V . 6 5 , p .2 7 7 ; V .6 7 ,p .2 8 .
R e p o r t fo r y e a r e n d in g A p ril 30 1905, V . 8 0 , p . 2456; n e t, $ 42 8,11 7; in t .,
$20 4,63 8: b a l., $22 3 ,4 7 9 .
P r e s ., H u g h M c G o w a n .— (V . 8 4 , p . 1371.)
(TH E) K A N S A S C I T Y S T O C K Y A R D S CO . OF M IS S O U R I.— I n c o r p o ­
ra te d In M issouri In Ju n e 1898 as su cce sso r o f o ld c o . o f sam e n a m e.
O w ns
175 a cres used fo r s to c k y a r d s p u rp o se s. S t o c k , $ 9 ,0 0 0 ,0 0 0 , o f w h ich $ 6 5 9 ,­
000 reserved to retire th e $75 0,00 0 c o n v e r tib le b o n d s o f 1903 a n d $22 4,00 0
fo r b o n d s o f 1900. D iv id e n d s o f 6 % y e a r ly p aid fo r m a n y ye a rs (Q .-F .)
N o r . 1909 ln c l.
R e p o r t ca le n d a r y e a r 1908, V . 8 8 , p . 3 7 3 . C h airm an,
Charles F ran cis A d a m s , 23 C o u rt S t ., B o s to n ; P r e s ., C. B . M orse; S ec. and
T r e a s ., E . E . R ic h a r d s o n , K ansas C it y .— ( V . 8 6 , p . 1 6 6 ; V . 8 8 , p. 373 .)
K E Y S T O N E T E L E P H O N E C O .. P H IL A D E L P H IA .— O w n s ’ in d e p e n d ­
e n t ’ ’ (o f Bell) te le p h o n e sy ste m p e rp e tu a l fra n ch ise fro m c it y o f P h ila­
d e lp h ia , six e x ch a n g e b u ildin gs in P h ila d elp h ia an d o n e in C a m d en , and
e x te n s iv e c o n d u it system o f o v e r 1 2 ,5 0 0 ,0 0 0 fe e t o f tile d u c t , lo ca te d in
335 m iles o f stre e ts. A ls o co n tro ls a b o u t 60 m u n icip a l an d to w n sh ip fra n ­
ch ises, w ith o v e r 3 ,7 0 0 m iles o f to ll cir c u it.
In A p ril 1906 a cq u ire d the
Eastern T e le p h . & T e le g . C o . o f C a m d e n , N . J ., o p e ra tin g In C a m d en ,
G lo u ce ste r, C ape M a y co u n tie s In N .J ., an d thus c o n tr o l C am den & A tla n tic
T e l. C o. V . 84, p . 218. T o ta l te le p h o n e s In use Ju n e 30 1909, 3 0 ,0 0 0 .
S t o c k , $ 2 ,5 0 0 ,0 0 0 , all o w n e d b y K e y s to n e T e l. C o. o f N . J ., h a v in g o u t ­
sta n d in g $1,9 3 6 ,8 5 0 p re f. a n d $ 5 ,0 0 0 ,0 0 0 c o m . s t o c k .
M a jo rity o f c o m .
s to c k (p re f. has n o v o t in g p ow er) held In v o t in g tru st e x p irin g J u ly 1 1912.
B on d s (1st 5s) s u b je c t to ca ll, as an e n tire ty o n ly , a t 108, b e g in n in g J u ly 1
1908; $ 5 ,4 8 5 ,0 0 0 h a v e be e n Issued fo r c o n s tru ctio n o f p la n t and to furnish
ca p ita l fo r e x te n sio n s an d b e tte rm e n ts an d to p a y o ft th e $60 0,00 0 g o ld
n otes ca lle d fo r p a y m e n t o n S e p t. 1 1909; $ 2 ,5 0 0 ,0 0 0 are reserved to
a cq u ire secu rities o f o th e r te le p h o n e c o m p a n ie s, an d th e rem ain d er o f
a u th o riz e d $10 ,0 0 0 ,0 0 0 fo r fu tu re purposes a t n o t o v e r $ 6 0 0,00 0 y e a r ly .
V . 8 1 , p. 34; V . 88, p . 1625; V . 89, p . 47.
C oll, trust 6s ($300,000 a u t h .), $ 2 1 0 ,0 0 0 , secu red b y E a st. T e l. & T eleg
s t o c k , d u e $30 ,000 y e a rly to A p ril 1 1916; E a st. T . & T . 5s, $ 2 5 0 ,0 0 0 .
E A R N I N G S .— 3 m o s . , f l 9 0 9 . _ ................. G ross, $27 2,85 1; n e t, $137,328
J u ly 1 to S e p t. 3 0 . 11908____________ G ross,
262,187; n e t,
130,853
Surplus o v e r ch arges 3 m o s . In 1909, $ 3 5 ,5 0 1 , a gst. $27 ,169 In 1908.
R E P O R T .— R e p o r t fo r y e a r e n d in g Jun e 30 1909 in V . 89, p . 468 .
Y ears—
C ross.
N et. R en ew . R esvs. Interest.
S u rp lu s.
1 9 0 8 -0 9 .......................$ 1 ,0 7 3 ,4 6 2
$542,453 $100,000
$312,308
$13 0,14 6
100 ,000
313 ,112
98,836
190 7-0 8............... ......... 1,0 5 1 ,0 7 2 511,948
D ire cto rs— N . T . F o lw e ll (P r e s .), Jam es Collins Jo n e s ( V . - P .) , F . W a y lan d A y e r , M arcus B e e b e , G eo. B u rn h am J r ., C larence L . H a rp er, G eo.
K essler, H eu lln gs L lp p ln c o t t , M ichael M u rp h y , J . E . R ld g w a y , C. E . W ilson
P . E . F o e rd e re r. M ain o flc e . 135-141 S o . 2d S t ., P h ila .— (V . 8 9 , p . 998.)
K IN G S C O U N T Y E L E C T R IC L IG H T & P O W E R — A c q u ir e d In 1898, p e r
p lan In V . 67, p. 482 , the en tire $ 5 ,0 0 0 ,0 0 0 s to c k o f th e E d ison E le c tr ic I l­
lu m in a tin g C o. o f B r o o k ly n , thus u n itin g all th e e le ctric-lig h tin g business
In B r o o k ly n . N . Y .
See V . 69. p . 177, 957; V . 70, p . 483; V . 8 0 , p . 2216.
S E C U R I T I E S .— T h e a u th o riz e d s to c k w as Increased In 1905 fro m
$ 5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 . V . 8 3 , p . 1232; V . 8 4 , p . 393 .
T h e $ 5 ,1 7 6 ,0 0 0 purch ase m o n e y b o n d s are secu red b y d e p o s it o f $5 000 000 E d ison s to c k In tru st, b y a 2d m tg e . lien o n th e K in g s C o u n ty p la n t as
n o w o w n e d o r h ereafter a cq u ire d an d b y $ 1 ,0 0 0 ,0 0 0 cash g u a r a n ty fu n d
t o be in v e ste d in securities a p p ro v e d b y th e c o m m itte e ; see V .6 7 , p . 4 8 2 , 1309
A s to E d ison C o .’s c o n . m tg e ., see V . 6 7 , p . 482 , 842; V . 7 1 , p . 493 , 868
In O ct. 1909 it w as p ro p o s e d t o a u th o riz e an Issue o f $ 5 ,0 0 0 ,0 0 0 6 % 12y e a r d e b e n tu re s co n v e r tib le Into s to c k a ft e r 3 y e a rs , to p ro v id e f o r d e v e l­
o p m e n t w o rk o f th e c o m p a n y an d th e E d . E le c . 111. C o. fo r several years
T h e first In stallm en t, p r o b a b ly a b o u t $ 2 ,0 0 0 ,0 0 0 , w ill. It is e x p e c t e d , b e
o ffe re d to s to ck h o ld e rs p ro ra ta o n o r a b o u t J a n . 1 1910. V . 8 9 , p . 922.
D I V I D E N D S .— Ju n e 1900 t o M ch . 1 9 0 3 ,1 A % q u a rte rly ; s in ce , 2 % q u a r..
E A R N I N G S .— F o r 6 m o n th s e n d in g Ju n e 30 1909, gross, $ 1 ,8 3 9 ,7 6 5 ;
n e t, $96 4 ,8 8 7 , a g ain st $952,063 in 1908; d e p r e c ia tio n , & c ., $21 1,42 6; fixed
ch arges, $ 30 3,28 0; d iv id e n d ( 4 % ) , $ 40 0,00 0; b a l., s u r ., $50 ,1 8 1 .
R E P O R T .— F o r c a l. y e a rs, ln cl. E d . III. C o . o f B k ly n . (V . 88, p . 561 ):
C al.
Gross
N et
D ep recia - B on d
B on d D ivid 's B alan ce
Y ea r. E a rn in g s.
E a rn in g s, lio n .
D isco u n t.
Interest. ( 8 % ) . Surplus.
1 9 0 8 .$ 3 ,6 1 3 ,4 7 0 $ 1 ,8 6 5 ,7 1 2 $40 4,85 6 $24,783 $60 6,56 0 $80 0,00 0 $29 ,513
1 9 0 7 . 3 ,4 7 1 ,7 4 0
1 ,6 8 5 ,3 4 5 242 ,932
50,000
6 06 ,560 7 64 ,000
21,853
P r e s ., A . N . B r a d y ; 1st V . - P . , A . M . Y o u n g ; 2d V .- P . a n d G en . Mgr.,
W . W . F re e m a n ; S e c ., J . H . E v a n s; T r e a s ., P . R . A tk in s o n . O ffic e , 3 0 0 ]
P ea rl S t ., B r o o k ly n , N . Y . — (V . 8 8 , p . 37 9 , 561 , 1065; V . 8 9 , p . 922.)

M I S C E L L A N E O US
F o r exp la n a tion of colu m n headings, & c ., see notes on
first page o f tables

D a te
of
B onds

La Belle Iron W o r k s — S to c k $ 1 0 ,0 0 0 ,0 0 0 a u th o r iz e d _______

1904
1904
____
____
1864
1867
1867
1871
1884
1898
____
____
—

Text
50
V a riou s
V a riou s
500 &c
1,000
1,000
1,000
100
100
50

1903

F irst m o r tg a g e g o ld red e e m a b le c o n v e r tib le ( t e x t ) ____ F .c
F iv e -y e a r s ecu red g o ld n otes $ 1 0 ,0 0 0 ,0 0 0 re d e e m a b le a t par
O n e-y ea r secu red g o ld notes $ 5 ,0 0 0 ,0 0 0 re d e e m p a r - . C e .c
F irst c o n s m tg e $ 3 0 ,0 0 0 ,0 0 0 g o ld red a t 105 a fte r M ch 1915
E llsw orth c o ll p u r m o n e y n otes g u ar p & 1.......... j E q u a lly l F
do
do
b o n d s g u ar p & 1 s f - - t s e c u r e d j
L ake Erie c o ll tru st m tg e g o ld gu ar p & 1 red 102 X ____ Ta
Laclede G as Light— F irst m o rtg a g e g o l d _________________ C e.c*
R e fu n d in g a n d ex te n s io n m o rtg a g e $ 2 0 ,0 0 0 ,0 0 0 g o l d ___ c
C ou p on n otes g o l d _________________ _______________ __________
Lake Superior Corporation— S to c k $ 4 0 ,0 0 0 ,0 0 0 _______________
F irst m o r tg a g e $ 1 0 ,0 0 0 ,0 0 0 g o l d . .................... ..................... U sm
In c o m e m o r tg a g e $ 3 ,0 0 0 ,0 0 0 g o l d .......... .................................
B o n d s o f s u b s id ia ry co m p a n ie s — See t e x t
Lanston Monotype Machine — S to c k to be $ 1 0 ,0 0 0 ,0 0 0 a u t h . .
Lehigh Coal & N a v ig a tion — S to c k a u th o riz e d $ 2 1 ,0 2 2 ,6 0 0 ..
F irst m tg e ca n a l 6 ,0 3 0 acres c o a l a n d 76 m iles L & S R R . . r
t F irst m tg e g o ld L eh ig h & Susq R R (V 6 4 , p 41) g o l d .F P .r
: S e c o n d m tg e (first m tg e N a n t R R ) (V 65, p 367) g o l d .- c *
L C ons 3 d M Canal C oal an d 122 m R R ; 2d M 26 m R R - . F P . r
v G eneral m o r tg a g e f o r $ 1 5 ,0 0 0 ,0 0 0 g o ld ________________ F P .r
F u n d a n d Im p m tg e $ 7 ,5 0 0 ,0 0 0 g (Ser A $2,9 6 2 ,0 0 0 ) .P I P .c *
Mackay Companies (The)— C o m m o n shares $ 5 0 ,0 0 0 ,0 0 0 auth
P re f (also as to assets) 4 % cu m $ 5 0 ,0 0 0 ,0 0 0 a u th red 1 0 6 ..
Manufacturers Light & Heat— S to c k $ 2 5 ,0 0 0 ,0 0 0 (b o n d s text)

1903
1905
1909
1905
1907
1907
1905
1889
1904
1901

KNICKERBOCKER ICE CO. OF CHICAGO— O R G A N I Z A T I O N .—
In c o r p o r a t e d In Illin ois in 1885. V . 77, p. 254; V . 82, p . 1325.
In 1906 W estern I c e C o. a c q u ir e d a m a jo rity o f the s to c k (p e r pla n In
V . 83, p. 1 5 2 7 ), g iv in g f o r e a ch share o f p r e f. s to c k 9 0 % in g e n . a n d co ll.
5s an d $25 In s t o c k , a n d fo r e a c h share o f c o m m o n s t o c k 8 0 % In b o n d s and
$45 In s t o c k .
In S e p t. 1907 ce rta in m in o rity s to c k h o ld e r s r e p re se n te d b y
a p r o te c tiv e c o m m it t e e (J . N . W a lla ce , P r e s .; C en tral T r u s t C o ., N . Y . ,
C h a irm a n ), o b t a in e d p rom ise o f 95 fo r p r e f. a n d 66 fo r c o m ., b u t th e first
Installm en t, d u e F eb . 1 1908, w as d e fa u lte d .
V . 8 3 , p. 1527, 1593; V . 8 4 ,
p . 3 4 1 . 629; V . 8 5 , p . 725; V . 8 6 , p . 3 3 9 , 1533.
D I V I D E N D S .—
’ 98. ’ 99. ’ 0 0 . ’ 0 1 . ’ 0 2 . ’ 0 3 . '0 4 . ’ 05. ’0 6 . ’ 0 7 .
’ 08.
C o m m o n ( % ) . ...............0 5 ^
1
0
0
0
0
0
4
0
B e lo w
P referred ( % ) ________ _______________ 6 % y e a r ly to O ct. 1909A d iv id e n d o f 2 % o n c o m . s to c k w as p a id F e b . 20 1908 In d iv id e n d w ar­
rants ($ 7 9 ,9 9 4 ), re d e e m a b le a t p a r. V . 8 5 , p . 1649; V . 86, p . 419 . I n Jan .
1909 6 % w as p a id o n p r e f., ln cl. 3 % fo r sem i-an n u al d lv . d e fe rre d J u ly 1908.
V . 8 8 , p . 104. A d iv id e n d f o r 9 m o n th s ( 4 H % ) w as p aid o n preferred
.O ct. 1 1909, p a y m e n ts h ere a fte r to be In A p r ,a n d O c t .; V . 8 9 , p . 2 2 9 ,7 2 3 .
B O N D S .— R e fu n d in g m tg e . d a te d 1906 secu res $ 6 ,0 0 0 ,0 0 0 o f 5 % re ­
fu n d in g b o n d s , o f w h ich $ 2 ,1 4 3 ,0 0 0 w as d e p o s ite d to s ecu re 5 % 3 -y e a r g o ld
notes m a tu rin g F e b . 1 1909, $36 4 ,0 0 0 w e re In sin k , fu n d a n d rem ain in g
$ 3 ,4 9 3 ,0 0 0 u n issu ed . V . 8 2 , p . 932 , 990.
R E P O R T .— R e p o r t f o r y e a r e n d in g D e c . 31 1908 In V . 8 8 , p . 450 , sh o w e d
net ea rn in g s, $ 4 0 7 ,5 5 2 ; Int. o n b o n d s, & c ., $ 17 1,74 9; ta x e s , & c ., $13 ,000 ;
p r e f. d iv . ( 6 % ) , $1 7 9 ,8 8 9 ; b a l., s u r ., $ 4 2 ,9 1 4 .
In 1907, n et, $4 9 9 ,2 5 1 .
O F F I C E R S .— P r e s ., J oh n S . F ie ld ; T r e a s ., A le x a n d e r D a h lm a n ; S e c .,
W m . A . W a lte r .
D irectors F e b . 1908, V . 8 5 , p . 808; V . 8 6 , p . 3 3 9 . O ffic e ,
174 L a S alle S t ., C h ic a g o .— ( V . 8 8 , p . 104, 379 , 4 5 0 ; V . 8 9 , p . 229 , 723 .)
LA BELLE IRON W ORKS.— O R G A N I Z A T I O N .— In c o r p o r a te d in W e s t
V irgin ia D e c . 3 1875. O w ns p la n t a t S te u b e n v ille , O ., e m b r a c in g 2 b ia s ,
fu rn a ces , o p e n -h e a r th s teel p la n t h a v in g 10 5 0 -to n fu rn a ce s, a co n tln u o u
u n iversal m ill, an 84-Inch p la te m ill, a 72 -ln ch p la te m ill, 2 sk elp m ills,
2 jo b b in g m ills, 8 s h eet m ills, 2 la p -w e ld p ip e fu rn a ce s, 2 b u tt-w e ld p ipe
fu rn a ces, coa l a n d o r e lan d s; also p la n t a t W h e e lin g , W . V a ., e m b ra cin g 2
skelp m ills a n d cu t-n a il fa c t o r y . V . 7 7 , p . 1228, 1535, 1749; V . 8 0 , p.
1365; V . 8 3 , p . 627 .)
D I V I D E N D S .— M ay 1905 t o N o v . 1905 1 M % q u a r.; F e b . 1906 to N o v .
1909, 2 % q u a r.; also Jan . 1907, 8 % , in s t o c k , a n d In A u g . 1908 33 1 -3 %
In stock .
„
B O N D S .— O f th e b o n d s , $ 10 0,00 0 are t o b e d ra w n y e a r ly D e c . 1 a t p a r,
beg in n in g 190 8; fu r th e r a m o u n ts b y lo t a t c o m p a n y ’s o p t io n a t 105.
D o lla r S a v . & T ru st C o. o f W h e e lin g , YV. V a ., tru ste e . V . 7 7 . p . 1749.
R E P O R T .— R e p o r t fo r y e a r en d in g Ju n e 30 1909 In V . 8 9 , p . 916.
N et
p rofits, $ 1 ,8 1 4 ,3 9 4 : b o n d in te re s t, $ 14 3,71 0; cash d iv id e n d s ( 8 % ) , $79 3,12 0;
bal . su rplu s. $ 8 7 7 ,5 6 4 . P r e s ., Is a a c M . S c o tt; V I c e -P r e s ., W . D . C raw ­
fo rd ; S e c ., H . D . YVcstfall; T r e a s ., R . C. K irk . O ffic e , W h e e lin g , W . V a .
— (V . 8 7 , p . 4 2 , 1423, 1 6 0 2 : V . 8 9 , p. 724 , 916.)
LACKAW ANNA STEEL CO.— O R G A N I Z A T I O N .— In c o r p o r a te d in
N e w Y o r k o n F e b . 15 1902. T h e pro p e rtie s (see V . 7 7 , p . 34; V . 7 4 , p . 1142;
V . 7 6 , p. 1 6 1 ,4 3 7 ; V . 8 0 , p . 1916; V . 8 1 , p . 1668: V . 84, p . 393 , 510, 689) are:
(1) P la n t s itu a te d a t W e s t S e n e ca , n e a r B u ffa lo , N . Y . , to m a n u fa ctu re
p la te a n d all classes o f stru ctu ra l s te e l a n d o th e r m aterials in a d d itio n to
s te e l rails a n d b illets, t o h a v e a c a p a c ity o f n o t less th an 1,25 0 ,0 0 0 to n s o f
finished p r o d u c t p er an n u m ; (2) o r e pro p e rtie s In M in n esota, M ich igan ,
W iscon sin a n d N ew Y o r k , s ta te d t o h a v e 5 6 ,0 0 0 ,0 0 0 to n s o f o re in sight;
(3) 3 3 ,0 0 0 a cres o f bitu m in o u s c o a l lan ds (co a l rights a n d In fe e ) In P e n n ­
s y lv a n ia ; b la st fu rn a ces a n d c o k e o v e n s a t an d near L e b a n o n , P a ., an in te r­
est in th e C orn w all R R . a n d the C orn w all Ir o n C o ., th e first-n am ed be in g
lea sed , an d a b o u t o n e -th ir d o f the s to c k o f th e C ornw all & L e b a n o n R R .
In D e c. 1906 a c q u ir e d E llsw o rth C oal C o ., o w n in g o v e r 16,000 a cre s o f
coa l lan d in W a s h in g to n C o ., P a . V . 8 3 , p . 1593; V . 8 4 , p . 269, 393.
S T O C K .— S t o c k a u th o r iz e d , all c o m m o n , $ 6 0 ,0 0 0 ,0 0 0 ; p a r o f shares.
$100; o f th is, $ 3 4 ,9 7 8 ,0 0 0 is Issued, fu ll p a id , $ 2 5 0,00 0 b e in g In th e h an ds o f
tru stees, a n d $2 2 ,0 0 0 Is h e ld f o r e x c h a n g e , share fo r sh are, fo r L a ck a w a n n a
Iro n & S te e l s to c k : a n d $ 1 5 ,0 0 0 ,0 0 0 o f th e rem ain in g $ 2 0 ,0 0 0 ,0 0 0 is re se rv e d
to retire c o n v e r tib le b o n d s. V 7 6 , p . 869.
B O N D S .— T h e 1st m tg e . 5s o f 1903 are c o n v e r tib le Into s t o c k , $ fo r $>
a t h o ld e r's o p t io n u p to A p ril 1 1915. V . 7 7 , p . 34; V . 76, p. 437.
T h e 3 0 -y e a r 1st c o n s o l. 5s ($ 3 0 ,0 0 0 ,0 0 0 a u th . Issue) o f 1905 c o v e r all
th e p r o p e r ty o f th e c o m p a n y o w n e d o r to bo a c q u ir e d , In clu din g the s to c k
o f th e N eg a u n ee m in e. O f th e b o n d s , $ 1 5 ,0 0 0 ,0 0 0 Is re se rv e d to retire the
1st 5s.
In 1905 $ 1 0 ,0 0 0 ,0 0 0 5 -y r. 5 % g o ld n o te s w ere s o ld , s u b je c t t o call
o n a n y In terest d a y a t p a r, se cu re d b y p le d g e o f $ 1 2 ,5 0 0 ,0 0 0 o f th e 1st
co n s o ls. V . 8 0 , p . 225, 475 .
In 1909 $ 5 ,0 0 0 ,0 0 0 1 -y e a r 5 % n o te s w ere
sold to retire a n eq u a l a m o u n t m a tu rin g M c h . 1 190 9, s e cu re d b y d e p o s it o f
$ 2 ,5 0 0 ,0 0 0 c o n s o ls, $ 1 ,0 0 0 ,0 0 0 (en tire issue) o f E llsw orth C ollieries s t o c k ,
$10 0 ,0 0 0 (en tire Issue) o f L a k e E rie C o . s t o c k a n d e q u it y in $ 1 2 ,5 0 0 ,0 0 0
con sols d e p o s ite d u n d er n ote s o f 1905. T h e y are to b e se cu re d b y a n y new
m o rtg a g e . V . 8 8 , p . 379; V . 8 4 , p . 394; V . 8 5 , p . 349 .
T h ere are also ou ts ta n d in g $ 1 ,7 7 5 ,0 0 0 L a ck a w a n n a Ir o n & Steel 3 0 -y e a r
5s d u e F e b . 1 1926, c o v e r in g p r o p e r ty In P e n n s y lv a n ia .
V . 76. p . 385.
T h e E llsw orth C ollieries C o . m a d e a m tg e . d a te d Jan . 1 1907 to secu re
$ 2 ,0 0 0 ,0 0 0 p u rch a se m o n e y n o te s a n d $ 6 , 000,000 sink, fu n d pu rch ase
m o n e y b o n d s . T h ese secu rities are g u a ra n te e d , prln . a n d ln t ., b y the
L a ck a w a n n a S te e l C o. V . 8 4 , p . 3 9 3 , 510. T h e L a k e E rie C o ., w h o se s to ck
Is p r a c tic a lly all o w n e d , has Issued $ 1 ,1 0 0 ,0 0 0 sin k , fu n d 5s, o f w h ich
$ 32 0,00 0 nald o ff. V . 8 4 , p . 689 . S tatu s N o v . 1907, V . 8 5 . p . 1341.
R E P O R T .— Y e a r 1908, in V . 8 8 , p . 8 2 0 , s h o w e d : G ross sales a n d earn ­
in gs, $ 1 5 ,0 8 7 ,8 7 9 ; gross in c o m e , ln cl. m ls c ., $ 2 ,5 7 5 ,6 5 2 ; In t., d e p r e c ., Imp r o v t s ., ren ta ls. & c ., $ 3 ,9 0 1 ,9 2 5 ; b a l., d e f ., $ 1 ,3 2 6 ,2 7 3 .
O F F I C E R S .— P r e s ., E . A . S . C larke; V . - P . , M oses T a y lo r ; V .- P . a n d G en.
M g r ., Charles H . M cC ullough J r .; T r e a s ., J . P . H lggin so n ; S e c ., F . F .
G ra h am ; C o m p ., M arshall L a p h a m . N . Y . o ffic e , 2 R e c t o r S tr e e t.
D ir e c to rs .— J . J . A lb r ig h t, C. L e d y a rd B lair, E . A . S . C larke, W a rre n
D ela n o J r .. G . R . F ea rin g J r ., B . S . G uin ness, E d m u n d H a y e s , A d ria n
Iselln J r ., S am u el M ath er, J . G . M cC u llo u gh , D . O . M ills, M oses T a y lo r
P y n e , J oh n J . M itch ell, Jam es S p e y e r, H . A . C. T a y lo r , M oses T a y lo r ,
S te p h e n S . P a lm e r , Cornelius V a n d e r b ilt, R o b e r t B . V a n C o r tla n d t, H e n ry
W a lte rs , E d g a r S . M arston , H o ra ce E . A n d r e w s .— (V . 88, p . 689, 820 , 1200.)
LACLEDE GAS LIGHT.— O R G A N I Z A T I O N .— In c o r p o r a te d In 1857
a n d In 1889 s e cu re d co n tr o l o f all th e o th e r gas c o m p a n ie s In S t. L o u is . O p ­
erates u n d er p erp etu a l fra n ch ise s. In Jun e 1909 the $ 7 ,4 0 0 ,0 0 0 c o m m o n
s to c k h eld b y th e N o rth A m e r ic a n C o . w as so ld to a s y n ld c a te . V . 88,
p . 156 3. V . 7 6 , p . 545, 922; V . 78, p . 1273; V . 8 0 , p . 1000.
S T O C K .— P r e fe r re d , 5 % c u m u la tiv e , $ 2 ,5 0 0 ,0 0 0 ; c o m m o n , $ 1 7 ,5 0 0 ,0 0 0
a u th o r iz e d , o u ts ta n d in g , $ 8 ,5 0 0 ,0 0 0 ; p a r o f shares, $10 0. V . 78. p . 823 .
D I V I D E N D S 1 ’ 95 t o ’ 9 7 . ’ 9 8 . ’ 99. ’ 00 to ’ 0 3 . ’ 04 to ’ 08.
1900.
P r e f ., 5 % c u m . . )
7
8
5 5 y e a r ly . 5 y e a r ly .
Ju n e 2)^
3
3 4 y e a r ly . 5 y e a r ly . 134 134 1 Va(-)
Common (% ) ..J
0




A m ou n t
Outstanding

$100
500 & c
100
1,000
1,000
1,000
1,000
50,000
1,000
1,000
100 &c
1,000
1,000
100
1,000
1,000

F irst m o r tg a g e $ 2 ,5 0 0 ,0 0 0 g o ld re d eem able ( t e x t ) ________

Lackawanna Steel— S to c k $ 6 0 ,0 0 0 ,0 0 0 a u t h o r i z e d ________

I N T E R E S T OR D I V I D E N D S

S iz e , or
Par
V alue

$ 9 ,9 1 5 ,5 0 0
2 ,3 6 4 ,0 0 0
3 4 ,9 7 8 ,0 0 0
1 5 ,0 0 0 ,0 0 0
10,000,000
5 ,0 0 0 ,0 0 0
See t e x t
1 ,0 00,000
5,64 3 ,0 0 0
4 00 ,000
10,000,000
8 ,1 0 0 ,0 0 0
1,00 0 ,0 0 0
4 0 .0 0 0 .
1 0 .0 0 0 .
3 ,0 0 0 ,0 0 0

R ate
%

W hen
P a y a b le

W here P a y a b le, and by
W hom

8 in 1909
Q— F
C h eck s m ailed
J
& D P itts b u rg h o r
6 g
5
5
5
5
5
5
5
5
5
5

g
g
g
g
g
g
g
g

B on d s— P r in c iS tocks— Last
D ivid en d

N o v 1 1909 2 %
YVheellng D e c 1 1923

A & O O ffic e , 2 R e c t o r S t, N Y
M & S
do
do
M & S
do
do
M & S
do
do
J
&
J
do
do
J
&
J
do
do
M & N
do
do
Q— F
30 B r o a d S t, N e w Y o r k
A
& O
do
do
F
& A
do
do

A p r 1 1923
M ch 1 1910
M ch 1 1 9 1 0
M ch 1 1935
D e c ’09 D e c3 1 ’ 10
Jan 1 1927
M ay 1 1920
M ay 1 1919
A p r 1 1934
F e b 1 1911

000
000 5 g
J
& D B a n k o f M o n tre a l, N Y Jun e 1 1944
U p to5 %
O ct 1 5 % p a id O c t o b e r i 1906 O ct 1 1924

4 ,9 9 8 ,0 6 0 See te x t
2 1 ,005,750 See te x t
5,000,000
4^
1,992,833
4 g
1,84 2 ,5 0 0
4 g
2 ,4 7 0 ,7 5 0
7
3 ,6 8 6 ,0 0 0
4H g
4 ,1 9 6 ,0 0 0
4 g
4 1 ,3 8 0 ,4 0 0 4 in 1909
4
50 ,0 0 0 ,0 0 0
2 0 ,8 7 1 ,4 0 0 'S e e t e x t

See te x t
M & N
Q— J
Q— F
J 15 & D
J
& D
Q— F
J
&
J
Q— J
Q— J
Q— J

C h ecks m ailed
O ffic e , P h ila d e lp h ia
do
do
do
do
do
do
do
do
do
do
do
do
N Y , C a nada a n d L o n d o n
do
do
C h eck s m ailed

D e c 30 ’ 09 1 ) 4 %
N o v 27 1909 5 %
J u ly 1 1914
A p r 1 1914
Jun e 15 1914
Jun e 1 1911
M ay 1 1924
J u ly 1 1948
O ct 1 1909 1 %
O ct 1 1909 1 %
O ct 20 '0 6 1 V i%

B O N D S .— S e c a p p lic a tio n t o S to c k E x ch a n g e In V . 4 9 , p . 657.
O f th e re fu n d in g an d e x te n s io n 5s o f 1904 ($ 2 0 ,0 0 0 ,0 0 0 au th o riz e d Issue;
B a n k e rs’ T ru st C o. o f N . Y . an d M ississippi V a lle y T ru st C o . o f S t. L o u is ,
tr u s te e s), $ 8 ,1 0 0 ,0 0 0 h a v e b e e n Issued, $ 1 0 ,0 0 0 ,0 0 0 are reserved to refu n d
th e o u ts ta n d in g b o n d s d u e 1919 a n d $ 1 ,9 0 0 ,0 0 0 fo r n o t e x c e e d in g 8 5 % o f
c o s t o f fu tu re e x te n s io n s an d Im p ro v e m e n ts. S ee V . 78, p . 1273, 1395; V .
79, p . 1644; V . 8 0 , p . 470; V . 8 3 , p . 1169.
A N N U A L R E P O R T .— F o r y e a r en d in g M ch . 31 1908, gross earn in gs,
$ 3 ,7 9 5 ,3 6 1 ; n e t, $ 1 ,6 9 3 ,1 8 8 ; in t. o n b o n d s, $9 0 5 ,0 0 0 ; b a l., s u r ., $ 78 8,18 8;
d lv . o n p r e f. (5 % ) calls f o r $12 5 ,0 0 0 a n d 5 % o n c o m . $42 5 ,0 0 0 y e a r ly .
N e w Y o r k o ffic e , 30 B r o a d S t.— ( V . 8 8 , p . 113 3, 1200, 1562.)
LAKE SUPERIOR CORPORATION.— O R G A N I Z A T I O N .— In c o r p o r ­
a te d in N e w J ersey o n M ay 19 1904 as s u cce sso r, p e r p lan V . 7 7 , p . 1296, and
V . 78, p . 178 4, 1909, o f C on so lid a te d L a k e S u p e rio r C o. O w ns d ir e ctly
o r th ro u g h Its ow n e rsh ip o f th e O n ta rio L a k e S u p e rio r C o . all th e c a p ita l
s to c k o f th e v a rio u s co r p o r a tio n s c e n te rin g a b o u t Sau lt S te . M arie, C a n ad a.
(S ee list In S e c tio n o f Jan . 1904 a n d c o m p a r e V . 7 7 , p . 771 .)
B ou n ty
o n s te e l, V . 8 3 , p . 627 , 1413, 1526; V . 8 5 , p . 1521.
T h e pla n ts in clu d e : B essem er steel w ork s a n d rail m ill w ith c a p a c it y fo r
p r o d u c in g a b o u t 800 ton s o f rails p e r d a y : tw o blast fu rn a ce s o f a b o u t 500
ton s d a lly c a p a c ity ; tw o o p e n -h e a rth fu rn a ce s o f a b o u t 180 ton s p e r d a y ;
b y -p r o d u c t c h a rco a l pla n t o f tw e n ty re to rts a n d fifty -s ix b e e -h iv e kilns;
H elen Iron ore m ines; 106 m iles o f railroad c o m p le te d a n d In o p e r a tio n ;
o r e , fre ig h t an d passen ger ste a m sh ip s, n ick el a n d c o p p e r m in es an d sm elt­
ers, fcr r o -n lck e l roastin g p la n t, su lph u rou s a c id w o rk s, m a ch in e s h op s ,
fo r g e . Iron a n d brass fo u n d r y , c a r-b u lld ln g s h o p s , tw o saw -m ills o f 160,000
fe e t d a lly c a p a c it y , v e n e e r m ill, g ro u n d w o o d -p u lp m ill o f d a ily c a p a c it y o f
100 ton s; su lp h ite p u lp m ill o f 60 tons d a lly c a p a c it y , w a te r-w o rk s an d e lectrlc -lig h t p la n t, tw o e le ctr ic s tre e t ra ilw a ys, t w o w a te r-p o w e r canals o f
6 0 ,0 0 0 a n d 2 0 ,000 h o rs e -p o w e r, a n d fe rr y a cross S t. M a r y ’s R iv e r . S ee a lso
V . 79, p . 1026; V . 8 1 , p . 977; V . 83, p . 1096; V . 8 8 , p . 1004.
In Jan . 1909 th e F le m in g s y n d ic a te a c q u ir e d co n tr o l an d u n d e rto o k e x ­
te n siv e Im p ro v e m e n ts.
(S ee V . 8 7 , p. 938; V . 8 8 , p . 234, 1065; V . 8 9 ,p . 916)
B O N D S .— A s to 1st m tg e . an d c o ll, trust 5s o f 1904, s e e C o n so lid a ted
L a k e S u p e rio r C o ., V . 77, p. 771 , 1296; V . 78, p . 178 4, 1909; V . 8 8 , p. 106 5.
F irst d iv id e n d o n In com es, 5 % , O c t. 1 1906; 1907 to 1909, n on e.
In A p ril 1909 $ 1 ,0 2 4 ,0 0 0 first m o rtg a g e 5 % c o lla te ra l trust b o n d s f o r ­
m e rly held in th e tre a su ry w ere so ld : also $ 2 ,0 0 0 ,0 0 0 (p a rt o f $ 5 ,0 0 0 ,0 0 0
issue) L a k e S u p e rio r Ir o n & S te e l C o. 3 -y r . 6 % first m tg e . gold notes d u e
M a y 1 1912, b u t s u b j. to call a t p a r, guar. p .& I. V . 8 8 , p. 1004, 1065, 1200.
T h e M ichigan L a k e S u p e rio r C o ., a m a jo rity o f w h ose s to c k Is o w n e d , is
In r e c e iv e r ’s han ds; It has o u ts ta n d in g $ 3 ,5 0 0 ,0 0 0 1st g o ld 5s d u e M ay 1
1949. O n th e o th e r co n tr o lle d p ro p e rtie s there are In all $1 ,0 1 3 ,5 7 2 b o n d s
( V . 83, p. 382 , 1102; V . 86, p . 1526; V . 8 7 , p . 1482; V . 8 8 , p . 999.)
R E P O R T .— R e p o r t fo r y e a r e n d in g Ju n e 30 1909 In V . 8 9 , p . 9 1 6 ,
sh o w e d : T o ta l n e t in c o m e , $56 6,51 1; ln t ., g e n . e x p e n s e s , ta x e s , & c., $ 5 4 3 ,­
516; b a la n ce , surplus, $22 ,995 .
D I R E C T O R S .— T h o m a s J. D ru m m o n d (P r e s .) , M on treal; J . T a tn a ll L e a ,
P h ila d e lp h ia , an d W . K . YVhlgham , L o n d o n (V ic e -P re s id e n ts ); Charles D .
W a rre n , T o r o n to ; F r e d ’ k M cO w e n , R ich a rd L . A u s tin , P h ila d e lp h ia ; J oh n
T . T e r r y J r ., J . F . T a y lo r , H . C o p p e ll a n d J . S . D a le , N ew Y o r k ; L e a n d er
N . L o v e ll o f N ew Jersey; H . M . P ric e , Q u e b e c ; S e c. an d T r e a s ., T h o m a s
G ib so n . P h ila d e lp h ia o ffic e , 353 B o u rs e .— ( V . 8 9 , p . 415 , 916 , 922.)
LANSTON MONOTYPE MACHINE CO.— O R G A N I Z A T I O N .— I n c o r ­
p o r a te d In V irgin ia In 1892. M an u factu res fo r salo o r ren tal a u to m a tic m a ­
chines fo r c o m p o s in g an d ca stin g ty p e .
C on trols L a n ston M o n o ty p e
C o rp o ra tio n o f L o n d o n , E n gla n d , w ith w h ich It has c o n tr a c t fo r sales In
E u ro p e . V . 7 8 , p . 2440; V . 8 4 , p. 994.
R e p o r t fo r y e a r e n d in g F e b . 28
1909, In V . 89, p . 222, s h o w e d : N e t sales, $ 1 ,0 3 6 ,4 3 0 , a n d n e t profits o v e r
d e p re cia tio n , $30 9,96 4.
S to ck h o ld e rs w e re o n O ct. 28 1909 to a u th o r iz e an Increase In the s to c k
fro m $5 ,0 0 0 ,0 0 0 to $ 1 0 ,0 0 0 ,0 0 0 an d In the p a r va lu e fro m $20 to $100.
D iv id e n d s In 1906, 4 % (A . & O .) ; 1907, A p ril, 2 % ; 1908, non e; 1909,
D e c . 30, 1 H % (q u a r .). V . 8 5 , p . 1341.
P r e s ., J. M aury D o v e ; T r e a s .,
J . Sellers B a n cro ft; S e c ., W . A rth u r S ellm a n .
O ffice an d fa c to r y , 1231-39
C a llow h lll S t ., P h lia ., P a .— (V . 8 7 , p. 1423; V . 8 9 , p. 222 , 923, 998.)
LEHIGH C O A L & N A V IG A T IO N .— O w ns ca n a l fro m C o a lp o rt to E a ston ,
P a ., 48 m iles, a n d leases D elaw are D ivisio n C a nal, 60 m iles. A lso ow n s
L eh igh & Susq u eh an n a R R ., P h illlp sb u rg, N . J ., to U nion J u n ctio n , P a .,
105 m iles, w ith b ra n ch e s, 60 m iles, an d leases f o r 999 years N csq u e h o n in g
V a lle y R R ., 17 m iles; T re s k o w R R ., 7 m iles; o th e r lin es, 17 m iles; to ta l, 206
m iles, o f w hich 115 m iles d o u b le track ; b u t all these roads are leased fo r
999 years fro m 1871 to C entral o f N . J. R R ., rental b e in g 33 1 -3 % o f gross
earn in gs, w ith a m in im u m rental o f $ 1 ,4 1 4 ,4 0 0 . D elaw are D iv isio n Canal
leased fo r 99 years fro m 1866. A s to L eh igh & D elaw are R R ., see V . 78,
p. 1109, 2388; V . 7 9 , p . 906.
In M ay 1904 c o n tr o l o f the L eh igh & N ew
E n gland R R . w as a c q u ir e d .
V . 78, p . 1785; V . 7 9 , p . 2646.
S T O C K .— J u ly 1909 $ 1 4 ,7 0 1 ,4 5 0 s to c k w as d e p o s ite d in v o tin g trust e x ­
piring M arch 1 1910 ( R . D ale B e n so n , E . YV. C lark J r ., G eo. H . E arle Jr.
G eorge H . F razier a n d E rsklne H e w itt, tru stees; P r o v id e n t L ife & T ru st C o.
o f P h lia ., d e p o s ita r y ), w ith p o w e r to sell a t n o t less th an $135 p e r share.
V . 79. p. 26 16, 2699; V . 8 0 , p . 166, 602; V . 86, p . 1103; V . 87, p. 170.
B O N D S .— G en. m tg e . o f - 1884 c o v e r s 7 ,4 6 0 acres co a l la n d , 48 m iles can al
an d 161 m iles railroad; b o n d s are reserved to retire all p rio r Issues.
F or
m tg e . o f 1898, see V . 67, p . 125; V . 70, p . 428; V . 81, p . 720; V . 8 4 , p . 106.
T h e $ 1 ,4 1 8 ,6 0 0 N esq u e h o n ln g V a lle y R R . s t o c k , fo r w h ich an equ a l
a m o u n t o f the 4s o f 1898 w as Issued, w as called f o r p a y m e n t o n S e p t. 1 1904,
an d d e p o s ite d w ith tru stee. V . 7 9 , p . 107.
J o in tly an d se v e ra lly w ith C en t. R R . o f N . J . g u aran tees $ 1 ,0 6 2 ,0 0 0
L eh igh & H u d . R iv e r R y . gen . 5s, p rln . an d ln t . V . 67, p . 788.
D I V I D ’ D S .— 1 ’ 94. ’ 95 to ’ 0 9 . ’ 0 0 . ’ 01. ’ 0 2 . ’ 0 3 . ’ 0 4 . ’ 05 to ’ 08. 1909.
5Y$ 6
5
6
7 8 y e a r ly .
9
P e r c e n t -------------- J I M 4 y e a r ly .
In 1909, M a y , 4 % ; N o v ., 4 % a n d 1 % e x tr a .
A N N U A L R E P O R T .— R e p o rt f o r 1908 w as In V . 8 8 , p . 684. C o a ljn ln e d
a n d m a rk e te d In 1908, 3 ,1 1 6 ,6 4 5 ton s; 1907, 3 ,2 4 2 ,7 3 6 ton s.
1905.
Y ear end. D ec. 31—
1908.
1907.
1906.
$2,30 2 ,4 2 8
F ro m r a ilr o a d s ......... $ 2 ,309,272
$2,305,053
$2,307,171
49,190
37,886
Canals (d e fic it)_____
3 8 ,3 0 5
33,011
851 ,307
852 ,772
N et profit o n L eh igh Coal 1,613,298
1,634,027
213 ,267
M is c e lla n e o u s ______
243,670
316,653
2 33 ,105
$3,33 1 ,7 4 2
T o ta l r e ce ip ts__________ $4,127,936
$3,42 2 ,6 6 2
$4 ,1 4 2 ,2 8 2
$ 1 ,327,132
I n t ., rentals, ta x e s , & c _ . $1,39 6 ,1 5 4
$ 1 ,3 0 5 ,2 6 5
$ 1 ,3 8 0 ,9 5 7
D ivid en d s ( 8 % ) _________ 1,457,648
1,387,604
1,387,604
1,387,604
017,006
B a la n ce , su rp lu s_________ 1,274,133
1,373,721
729,793
S in k in g f u n d _____________
149,611
119,103
150,800
121,415
250
D ep rec’ n o n coal Im p’ t s . .
3 00 ,000
__ ,000
200,000
_
200,00
P resid en t, YV. A . L a th rop ; V .- P ., R o llln H . W ilb u r; S c c .-T r e a s ., H .
B a k er. O ffic e , 108 S ou th 4th S t ., P h ila d e lp h ia .— (V . 88, p. 509, 684.

M I S C E L L A N E O US
F o r exp la n a tion of colum n headings, & c ., see notes on
first page o f tables.

' D ate
I of
\ onds
B

S ize, or
Par
V a lu e

I N T E R E S T OR D I V I D E N D S
A m oun t
Outstanding

$100 $ 1 ,8 8 5 ,0 0 5
M a ry la n d C oa l— S to ck preferred (no b o n d s ) ----------------------------100 2 5 .0 0 0 .
M a s s a c h u s e tts G as C om p a n ie s— C o m m o n s t o c k ---------------- - -|
100 2 5 .0 0 0 .
P referred 4 % c u m u la tiv e $ 2 5 ,0 0 0 ,0 0 0 ------------------ - - - - - O B
1,000
S in k in g fu n d g old b on d s re d e e m a b le a t 105---------- OI5.c &r
6 ,0 0 0 ,0 0 0
100
S ee t e x t
M e rg en th a ler L in o ty p e — S to c k a u th o riz e d $ 1 5 ,0 0 0 ,0 0 0 -------100
3 .7 5 0 .0 0 0
M e x ica n T ele g r a p h — S to c k au th o riz e d $ 5 ,0 0 0 ,0 0 0 ------------------100
3 .5 0 0 .0 0 0
M ich ig a n State T elep h on e — C o m m o n s to c k $ 6 ,0 0 0 ,0 0 0 a u t li.
100
2 .2 8 5 .0 0 0
P referred 0 % (also as to assets) ( t e x t ) --------------------------------1,000
M ichigan T e le p h o n e first m o rtg a g e g o ld -------------------------------c 1897
2 85 ,000
1,000
M ich igan S tate T e lep h o n e 1st m tge $ 1 0 ,0 0 0 ,0 0 0 g ._ -O B .c * | 1904
8 .3 8 1 .0 0 0
1,000
M ilw a u k ee G as-L ight— First m tge g $ 1 0 ,0 0 0 ,0 0 0 red 1 1 0 _ .C e 1902
8 .0 1 2 .0 0 0
100
M in n ea p olis G eneral Electric— C o m m o n s to c k $ 1 ,5 0 0 ,0 0 0 .. .
1 .5 0 0 .0 0 0
100
P referred s to c k 6 % c u m u la t iv e ................................................... ..
1 ,0 0 0 ,0 0 0
1,000
F irst m ortg a g e $ 8 ,0 0 0 ,0 0 0 g o ld s u b je c t to call a t 1 1 0 ------5 .6 2 4 .0 0 0
50 1 0 .0 0 0 .
M on R iv e r C on s C oal & C o k e — P ref 7 % n o n -c u m $ 1 0 ,0 0 0 ,0 0 0
1,000
8 .2 1 1 .0 0 0
F irst m tg e $ 1 0 ,0 0 0 ,0 0 0 gold sin kin g fu n d (see te x t) . U P i.c* 1899
1902
5.000
1 .4 4 0 .0 0 0
C ertificates o f In debtedn ess d u e $ 2 0 0,00 0 y e a r ly
100 17 ,0 0 0 ,0 0 0
M on trea l L ig h t, H eat & P o w e r — S to c k $ 1 7 ,0 0 0 ,0 0 0 --------------1.000
6 .7 8 7 .0 0 0
F irst & coll tru st m tg e $ 7 ,5 0 0 ,0 0 0 g red 105 be gin 1 9 1 2 . _c* 1902
1,000
3 .3 5 5 .0 0 0
L a ch ln e m tg e $ 4 ,0 0 0 ,0 0 0 g o ld s f red 105 a fte r 10 y e a r s . _c* 1903
$ & £
1 .5 0 0 .0 0 0
P r o v L , H & P 1st M g gu p & I s f red 105 be g in S ep t 1911 1906
1,000 1 2 .500.000
M orris & C o— F irst m tg e $ 2 5 ,0 0 0 ,0 0 0 g o ld red 1 0 3 -- _ F C .c & r 1909
Alt V e r n o n -W o o d b e rr y C o tto n D u ck C o— See C on so lid a te d Co tto n D u ck C orp o r a tio n
100 29 .2 3 6 .0 0 0
N ational B iscu it— C om m o n s to c k $ 3 0 ,0 0 0 ,0 0 0 ------------------------100 24 ,8 0 4 ,5 0 0
P referred s to c k 7 % cu m $ 2 5 ,0 0 0 ,0 0 0 (fo r b o n d s see t e x t ) .
5 .5 0 0 .0 0 0
100
N ational C a rb on — C o m m o n s to c k $ 5 ,5 0 0 ,0 0 0 --------------------------100
4 .5 0 0 .0 0 0
P referred s to c k 7 % n o n -c u m u la tlv e $ 4 ,5 0 0 ,0 0 0 ------------------100 15 ,5 9 1 ,8 0 0
N ational E n a m elin g & S ta m p in g — C o m m o n s to c k $20.000,000
L E H IG H & W I L K E S -B A R R E C O A L — S ee C en t. H R . o f N .J .V .8 9 ,p .9 9 1
A IA C K A Y C O M P A N IE S (THE) .— O R G A N I Z A T I O N .— A v o lu n ta r y a s ­
s o c ia tio n fo rm e d un d er trust d e e d o f D e c. 19 1903 a n d m an aged b y eigh t
tru stees to be e le cte d a n n u a lly . P resen t tru stees are: C laren ce H . M ackay,
W . W . C ook , G eo. G . W a r d , D u m o n t C lark e, E d w a rd C. P la tt, M . W .
B la c k m a r (N ew Y o r k ), R . A . Sm ith (T o r o n to ) an d H . V . M eredith (M o n t­
real) . O w ns en tire $ 2 3 ,0 0 0 ,0 0 0 s to c k o f C o m m e rcia l C a ble C o. an d the e n ­
tire ca p ita l s to ck o f the P ostal T e le g ra p h C a ble C o.; also shares o f capital
s to c k o f 102 o th e r c a b le , te le g ra p h an d te le p h o n e c o s ., in cl. the A m e r.
T e lc n h . & T e le g . C o ., In U . S ., C anada a n d E u ro p e . S e e list in V . 84, p.
448; V . 85, p. 4071 V . 8 6 , p . 476; V . 8 9 , p . 848 .
R ig h ts o f Stock, V . 84,
p 870
In S e p t. 1909 an arra n g e m e n t w ith the W e s te rn U n ion T e le g . C o.
a n d th e A m . T e l. & T e le g . C o . fo r a c o m m u n ity o f In terest in w ires w as re ­
p o r te d .
V . 89, p . 848.
D lv . o n p r e f., 1 % q u a r., p aid A p r . 1904 t o O c t . 190 9, b o t h ln cl.
D lv . o n
c o m ., J a n . 1905 to A p r . 1906 ( in c l.), 2 % y e a r ly (J. & J .); J u ly an d O ct.
1906, 1 % (q u a r .); Jan . 1907 to O ct. 1909, 4 % y e a r ly (Q -J ). T h e M ack ay
C os. (h o ld in g C o.) has no b o n d e d o r o th e r d e b t .
R e p o r t fo r y e a r e n d in g
F e b . 1 1909 in V . 88, p . 502, sh ow ed : D lv . r e c e iv e d , $ 3 ,6 8 5 ,7 6 1 ; g e n . e x p .,
& c., $25 ,027 ; d lv . o n p r e f. ( 4 % ) , $ 2 ,0 0 0 ,0 0 0 ; d lv . o n c o m . ( 4 % ) , $ 1 ,6 5 5 ,2 1 6 ;
b a l., s u r ., $ 5 ,5 1 8 .
P o licy o f th e M ack ay C om p a n ies is to o b ta in fro m
s u b o rd in a te c om p a n ies o n ly e n o u gh m o n e y to m e e t th e d iv id e n d s o n its
sh ares, all surplus earnings be in g le ft In th eir treasu ries fo r ex te n sio n s and
th e d e v e lo p m e n t o f business a n d increase o f reserves. O ffic e , 112 S ta te S t .,
B o s t o n .— (V . 87. p. 1240; V . 88, p . 502, 1005.)
M A D IS O N S Q U A R E G A R D E N — See page 170.
M A N H A T T A N B E A C H S E C U R IT IE S C O — S ee V . 8 5 , p. 349.
(TH E ) M A N U F A C T U R E R S ’ L IG H T & H E A T C O .. P I T T S B U R G H .—
O R G A N I Z A T I O N .— In c o r p o r a te d in P a . o n N o v . 28 1899; re -in co rp o ra te d
A p ril 21 1903.
Leases 4 74 ,987 acres o f gas lan ds. V . 8 8 , p . 503.
S tock h old ers are req u e ste d to d e p o s it th e ir h oldings w ith th e C o m m o n ­
w ea lth ’I’rust C o. o f P ittsb u rgh fo r 90 d a y s fro m S e p t. 25 1909 u n d er a plan
fo r secu rin g co n tro l th rou gh the o rg a n iz a tio n o f a n e w c o m p a n y , the G as
& E le c tr ic S ecu rities C o ., w ith $15 ,0 0 0 ,0 0 0 ea ch o f s t o c k an d 5 % 2 5 -yea r
g o ld b o n d s.
If 55 % o f the s to c k Is d e p o s ite d , sto ck h o ld e rs are to re ce iv e
$30 p e r share In cash w ith 2 0 % s to c k bon u s o r , a t th e p u rch a se r’s o p t io n ,
6 0 % in b on d s an d 2 0 % In s to c k o f th e new c o m p a n y .
V . 8 9 , p . 724.
D I V I D E N D S .— 1 14% q u a rte rly p a id 1903 to O ct. 100 6, b o t h in clu sive;
n on e sin ce to O ct. 1909.
V . 8 3 , p . 1594; .V 8 4 , p . 449.
F I N A N C I A L P L A N .— In D e c . 1906 It w as a rran ged to finance the Boat­
in g d e b t o f a p p r o x im a te ly $ 4 ,0 0 0 ,0 0 0 b y p r o v id in g n ea rly equ a l p a y m e n ts
o f a b o u t $ 70 0,00 0 y e a r ly d u rin g five yea rs until 1911, w h en th e rem ain ing
$50 0 ,0 0 0 m atu res, unless so o n e r p a id . D u rin g th e sam e p eriod th e b o n d e d
d e b t w ill be red u ced from $8 ,2 2 1 ,0 0 0 t o $4 ,3 7 1 ,0 0 0 an d th e y e a r ly p a y m e n ts
o n a c c o u n t o f b on d ed an d iloatln g d e b t re d u ce d fro m $ 2 ,1 7 7 ,8 9 7 to $87 2,12 3.
T h e stock h old ers v o t e d F e b . 26 1907 to au th o rize $ 3 ,0 0 0 ,0 0 0 b o n d s, the
first o f them m atu rin g 1913, to b e d e p o site d w ith th e C olon ial T ru st C o.
o f P itts b u rg h as colla tera l s e c u r ity to the ag re e m e n t re la tive to th e p a y ­
m en t o f the floatin g d e b t .
V . 8 3 , p . 1594.
B O N D S .—
D a te.
Interest.
O utstand'g.
M a tu rity .
1900 6 g. J 30 & D $ 200,000 T o Ju n e 30 ’ l l
F t . P it t G as 1st M . g . due\
I n t. a t T . M ellon & S o n s ’ B a n k , P ittsb u rg h .
$ 10 0,00 0 y e a r l y . . . U .P i.
$30 0,00 0 T o Jan . 1915
M L & H 1st M , g , d u e $ 5 0 ,­ 1900 6 g . J & J
I n t . a t U n io n T ru st C o ., P itts b u r g h , P a .
000 y e a r ly ($ 5 0 0 ,& c .,e a .
$ 1 ,2 4 3 ,0 0 0 T o F e b . 1916
W h e e l. 1st c o l. tr. M ., g , 1903 6 g . F & A
I n t . a t C o lon ial T r . C o ., P itts b u r g h , P a .
d u e $ 20 0,00 0 y e a r ly ------ ,
N ew m tg e ., $ 6 ,5 0 0 ,0 0 0 , g . 1003 6 g. M & N $ 4 ,5 0 0 ,0 0 0 T o M ay 1918
I n t. a t U n io n T r u s t C o ., P itts b u rg h .
V . 76, p . 1252.
W h e e l, co ll, bon d s (severa l series) are s u b je c t to call fro m 102 t o 105.
E A R N I N G S .— F o r 6 m o s . e n d in g Ju n e 30 1909, gross, $ 2 ,8 0 2 ,6 9 9 ; n e t,
o v e r ta x es , $1,8 5 9 ,8 3 1 ; in t ., d is c o u n t, & c., $ 49 2,54 1; b a l., s u r., $ 1 ,3 6 7 ,2 9 0 .
In 6 m os . o f 1008, gross, $2,4 9 2 ,5 5 2 ; n e t, $ 1 ,5 2 8 ,2 5 4 .— V . 89, p . 290.
R E P O R T — F o r c a l. y e a r 1908, In V . 88, p . 503, sh o w e d : G ross earnings,
$4 700 0 26 ' n e t, $2,8 2 3 ,1 1 2 ; new w ells, & c ., $20 4,49 7; b o n d in t ., $149,317;
o th e r In t., $318,291; b a l., s u r ., $ 1 ,7 1 9 ,5 3 6 .
B o n d s r e d e e m e d , $78 5,50 0.
O F F I C E R S — P re s ., f i. H . Jen n in gs; S e c. a n d A s s t. T r e a s ., H . E . S ei­
b e r t - V - P an d T r e a s ., L . A . M eyra n . P itts b u r g h .— (V . 89, p . 724.)
M A R C O N I W I R E L E S S T E L E G R A P H C O .— V . 8 7 , p . 412; V . 88, p. 1060.
MAI? VI A N D C O A L C O .— C on trols 1,000 acres o f lan d in A lle g h a n y and
G arrett c o u n tie s , M d ., 1,500 acres In T a y lo r C o u n ty , W . V a ., and 2,800
aCS^TOCI£ — P r e f1 ^s^'in ' ta b le , an d In a d d itio n o ld c o m ., $ 1 1 ,1 0 0 , and
trea su ry stock $ 10 3,89 5. P r o d u ce d 150 ,905 tons In 1908; 220,909 tons In
1907. S urplus earnings In 1908 o v e r In t., & c „ w ere $91 ,454 ; in 1907,
$ 59 5,67 3; d lv s. in 1908 ( 5 % ) , $94 ,235 ; de.flcit fo r y e a r, $2,781
07
'97 'os ’ 99. ’0 0 ’ 01.
D I V S . - li 'n-r "o s ” 'oo 'on . '01 . '0 2 . ’ 03. ’ 04. ’ 05. ’ 0 6 . ’07. ’ 08. 1909.
4’ 4k
5
5 5 )1
7 8X 8H
8
8
8
5 J 'n e , 2 j f
N ew p f .% /
J u n e *0 8 ,”2 1 4 % ; D e c. 30 ’ 08, 2 > * % . O ffic e . 1 B ’ w a y , N . Y .— (V ,8 8 ,p .5 0 9 .)
M A S S A C H U S E T T S G A S C O M P A N IE S .— O R G A N I Z A T I O N .— A v o lu n ­
ta r y a ssocia tion fo rm e d In O ct. 1902, p e r plan In V . 74, p . 1311. O perates
400 b y -p r o d u c t c o k e o v e n s a t E v e re tt, M ass. T h e gas there p ro d u c e d
(o v e r 8 ,0 0 0 ,0 0 0 c u b ic fe e t da ily) Is e n rich ed an d d is trib u te d fo r co n su m p tio n
In B o s to n , th rou g h the B o s to n C on so lid a te d G as C o . T h e M assachu­
setts G as C o. ow n s $ 1 5 ,1 1 0 ,6 0 0 o f th e $15 ,1 2 4 ,6 0 0 c a p ita l s to c k o f the
C on solid a ted C o. (n o b on d s Issued); also th e $ 1 7 ,5 0 0 ,0 0 0 ca p ita l s to c k o f
the reorgan ized N ew E n gla n d G as & C ok e C o.
In Ju n e 1906 the C itizen s’
Gas L ig h t C o. o f Q u in cy , M ass., w as a c q u ir e d , a n d in M ay 1908 c o n tr o l o f
th e F ed era l Coal & C ok e C o . o f F a irm o n t, W . V a . V . 8 2 , p . 1443; V . 86,
p . 1347. In A p r . 1909 so ld th e e le ctr ic business o f B o s to n C on sol. Gas C o.
a n d w as a b o u t to a c q u ir e th e gas business o f th e N e w to n & W a te r to w n Gas
L ig h t C o. V . 88, p . 1133. S lld ln g -sca lc gas law to co n tin u e 10 yea rs fro m
J u ly 1 1906. See V . 8 2 , p . 1270. J u ly 1 1907 r e d u c e d p r ice o f gas to 80 cts.
V . 8 4 , p . 1555.
D I V I D E N D S .— O n p r e f. in 1903 to Ju n e 1909, 4 % y e a r ly (J. & D . ) . O n
com
1006, A u g . and D e c ., 1 % e a ch ; 1907 an d 1908, 3 % (A p ril, A u g . and
D e c " 1 % ea ch ); 1909, A p r ., 1 % . In Ju n e 1909, $75 0 ,0 0 0 (3 % ) w as set
aside fo r d lv s . on c o m . s to c k fro m a c c u m u la te d e a rn in gs, 1 % ea ch p a y a b le
A u g . 1 a n d D e c. 1 1909 a n d A p r . 1 1910. V . 8 9 , p . 4 7 .
B O N D S — T h e $6,00 0 ,0 0 0 4 H s o f 1909 h a v e a sin k in g fu n d o f $120,000
p e r a n n u m 'fo r first 5 years an d $180,000 th e re a fte r. N o m o rtg a g e o r p led ge
o f assets o f c o m p a n y is to b e m ade w ith o u t e q u a lly se cu rin g the bo n d s and
n on e o f the s u b -c o s . shall h e re a fte r p le d g e o r m o r tg a g e th e ir assets unless
th e In debtedn ess to b e s ecu red Is a c q u ir e d an d h eld b y th e M assachusetts
Gas C os
V 88, p . 104, 161. T h e o n ly b o n d s o f th e o p e r a tin g c o m p a n ie s
n o t o w n e d Jan . 1909 w ere $25 0,00 0 F ed era l C oal & C o k e C o . a n d $175,000
C helsea G as L ig h t C o. first m o rtg a g e b o n d s.

9




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See t e x t S ee t e x t 1 B r o a d w a y , N ew Y o r k 1
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4XS g _________ i B o s to n , M ass
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R E P O R T .— R e p o r t f o r y e a r e n d in g J u n e 30 1909, w ith bal. sh e e t (also
earnings an d b a l. s h e e ts o f c o n s titu e n t c o s .) , w as In “ C h ro n icle ” N o v . 6,
s h o w in g d lv s . an d in t . r e c e iv e d , $ 2 ,1 0 2 ,5 8 0 ; d lv s . o n p r e f. s to c k ( 4 % ) ,
$ 1 ,0 0 0 ,0 0 0 ; Int. a n d e x p ., $22 7,70 8; b a l., s u r ., $87 4,87 1; to ta l u n d lv .
ea rn s, o f all c o n s titu e n t c o s ., d e f ., $52 ,8 5 0 . L a te s t earn in gs, V . 8 9 , p . 1070.
O F F I C E R S .— P r e s ., C . M in ot W e ld ; T r e a s ., W a lla ce S. D ra p er; S e c .,
F . T u d o r . O ffic e , S h a w m u t B a n k B ld g ., B o s to n .
O ld C o lo n y T r u s t C o .,
tran sfer a g e n t. M assach u setts T r u s t C o ., registrar.
T R U S T E E S .— C harles F ran cis A d a m s 2d, W a lte r C a b o t B a y lle s , S am u el
C arr, R o b e r t C laren ce P r u y n , J o se p h B a llister R u sse ll, F re d e rick E lm er
S n o w , Chas. A u g u stu s S to n e , A lb e r t S tra u ss, C h ristop h er M in o t W e ld , R o b ­
e rt W in s o r.— (V . 8 8 , p . 104 , 161, 1133; V . 89, p . 4 7 , 1070.)

MERGENTHALER LINOTYPE.— L iste d In 1898. R e p o r t fo r 190 8-0 9,
In “ C h ro n icle ” o n o r a b o u t N o v . 6, sh o w e d n e t p r o fits , $ 2 ,6 4 2 ,4 6 8 ; d iv i­
d en d s ( 1 5 % ) , a b o u t $1,7 3 5 ,4 8 3 ; b a la n c e , su rplu s, $90 6,98 5.
In 1909 p u rch a sed c o n tr o l o f B ritish L in o ty p e & M a ch in e ry , L t d . (a n d
w ith It th e C anadian L in o t y p e business a n d a s s e ts ), an d M ergen th aler
S e tzm a sch ln e n F a brtk . T h is w ill Increase the s to c k o u ts ta n d in g to $13 ,
8 5 7 ,1 0 0 . V . 8 8 , p . 509, 567 , 948, 689.
D I V I D E N D S . 1 ’ 95. '9 6 . ’ 97. ’ 98 to ’ 0 0 . ’ 01. ’ 02 to '0 8 .
1909.
P e r c e n t ___________J lO K 16 1 6 H 20 y ’ ly . 1 3 H *15 y ’ly . 2 )4 2 H 2 « ( — )
* 2 ) 4 % q u a r. (Q .-M .) a n d In D e c . 5 % e x t r a .— (V . 8 9 , p. 1070.)
MEXICAN LIGHT & POWER C O . - V . 88, p . 1562; V . 8 9 . p . 474.
MEXICAN TELEGRAPH.— C o m p a n y o rg a n iz e d In 1878 u n d e r law s o f
N . Y . S ta te .
H as a c a b le fro m G a lv e s to n to T a m p ic o a n d V e ra C ruz, 738
m .; land line, V e ra Cruz t o M e x ico C ity , 267 m . A ls o d ir e ct ca b le fro m G a l­
v e s to n , T e x ., to C o a tz a co a lc o s , M e x ., 825 m ., d u p lic a tin g the M e x . T e l. a n d
C en t. & S o . A m . C o .'s G u lf c a b le s y s te m , an d a th ird c a b le c o m p le t e d J u ly
1905. O w ns p a rt (738 m iles) o f new ca b le c o m p le te d A u g . 1 9 0 7 ,b e tw e e n
N ew Y o r k an d C o lo n , Isth m u s o f P a n a m a , re m a in d e r b e in g o w n e d b y
C en t. & S o. A m . T e le g ra p h C o . V . 8 4 , p . 1117. O w ns 5,768 shares o f
th e C en t. & S o u th A m . T e le g ra p h C o ., w h ich see.
S T O C K .— S to ck h o ld e rs v o te d F e b . 9 1909 to Increase th e a u th o r iz e d
s to c k fro m $ 3 ,0 0 0 ,0 0 0 t o $ 5 ,0 0 0 ,0 0 0 ; $75 0 ,0 0 0 o f th e new s to c k w as d is ­
trib u te d Jun e 1 1909 as a 2 5 % s to c k d iv id e n d . V . 8 8 , p . 297, 4 5 4 , 113 4.
D I V I D E N D S .— In 1882 to 188 6, In cl., 8 % y e a r ly ; fro m 1887 t o O c t
190 9, b o t h In cl., a t ra te o f 1 0 % p e r a n n u m ( 2 14% Q .- J .) ; also Ju n e 1 1906
5 0 % . an d Jun e 1 1909 2 5 % i n s t o c k .
V . 8 2 , r>. 1104, 1384; V . 8 8 , p . 1134.
E A R N I N G S .—F o r 9 m o n th s e n d in g S e p t. 30 (p a r tly e s tim a te d ):
9 M os. —
G ross.
N et.
M e x .G o v .
D ivid en d s.
B a l., sur.
$ 46 6,00 0
$2 3 ,5 0 0
(7 H % )$ 2 5 1 ,2 0 8
$191,292
1909 ( e s t .) __ $53 9,50 0
1908 ( e s t . ) . . . 540 ,000
4 81 ,000
2 3 ,0 0 0
( 7 M % ) 2 15 ,256
242 ,744
R E P O R T .— R e p o rt fo r y e a r en d in g D e c . 31 1908 In V . 8 8 , p. 943 ,
sh o w e d : G ross. $811,242; n e t, $65 7,59 2; M e x . G o v t, sh a re , $30 ,3 5 4 ; im ­
p ro ve m e n ts. $14 ,215 ; d lv s ., $ 28 7,00 1; sink. f d .. $1,401; b a l., s u r ., $ 3 2 4 ,6 1 2 .
J . A . S crym ser, P res., 66 B ’w a y . .N Y . — (V . 88, p . 1625; V . 89, p . 923.)
MICHIGAN STATE TELEPHONE CO.— O R G A N I Z A T I O N .— I n c o r ­
p o r a te d in M ichigan o n J a n . 30 1904, p e r pla n V . 7 5, p .3 3 ,1 0 3 4 . A licen see
o f the A m e r. T e le p h . & T e le g r . C o ., th o u g h n o t c o n tr o lle d b y th a t C o.
S ta tio n s M ay 31 1909, 122 ,210 . V . 8 8 , p . 161.
S T O C K .— C o m m o n s to c k a u th o r iz e d , $ 6 ,0 0 0 ,0 0 0 (p a r $ 1 0 0 ); o u t s t a n d ­
in g , $ 3 ,5 0 0 ,0 0 0 . P r e f. ($ 4 ,0 0 0 ,0 0 0 a u th .) Is s u b je c t to call a t p a r o n a n y
F e b . 1. D lv s . o n p r e f., 1 )4 % q u a rte r ly ( Q .- F .) , p a id M ay 1 1904 to F e b . 1
1910, b o th Incl. O n c o m ., Ju n e 1 1908, 2 % ; S e p t ., 1 % ; D e c ., 1 % ; 190 9,
6 % (Q .-M .).
B O N D S .— O f th e b o n d s , $ 28 5,00 0 w as reserved to retire u n d e rly in g
b o n d s and $ 5 ,5 3 4 ,0 0 0 ( o f w h ich $ 4 ,2 0 0 ,0 0 0 Issued) fo r 7 5 % o f c o s t o f a c q u i­
sition s, e x te n sio n s, im p ro v e m e n ts , & c ., u n d er strin g e n t p ro v is io n s . V . 8 6 ,
p . 921, 1103; V . 8 8 , p . 380 , 1005.
E A R N I N G S .— F o r 7 m o s . en d in g J u ly 31 1909, gross, $ 2 ,1 6 2 ,1 1 4 ; n e t ,
a fte r m ain ten an ce an d ta x e s , $57 4,05 6; Interest o n b o n d s , $ 26 7,11 7; p r e f.
d lv ., $79,894; c o m . d lv ., $51 ,877 ; b a l., s u r., $17 5,16 8.
R E P O R T .— R e p o rt fo r v e a r e n d in g D e c. 31 1908 w as In V . 88, p . 1 5 5 6 ,
sh o w in g: G ross, $ 3 ,4 1 3 ,2 8 0 ; n e t, $91 1,42 8; ch arges, & c., $44 8,82 4; d lv . on
p re f. s to c k ( 6 % ) , $13 6,95 8; d lv . on c o m . s to ck ( 5 % ) , $17 2,92 5; b a l., s u r .,
$15 4,72 2.
Y e a r 1907. gross, $3,0 9 2 ,2 2 6 ; n e t , $1,0 4 7 ,2 5 2 ; ch a rg e s, & c ..
$44 3,25 2; d lv s . on p re f. s to c k ( 6 % ) , $13 6,64 4; b a l., s u r .. $46 7,35 6.
O F F I C E R S .— C h airm an o f B o a rd , N . W . H arris; P re s ., N . C. K in g s b u ry ;
V .- P . an d G en. M gr., B . W . T ra ffo rd ; S e c ., W . I . M izner; T r e a s ., W . L .
B u rrow s.
O ffic e , 20 C lifford S t ., D e tr o it.— (V . 8 9 , p . 596, 998.)
M ILW AUKEE GAS LIGHT C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d In
1852.
H as p erp etu al fra n ch ise . V . 74, p . 1199. O n J u ly 1 1904 the p rice
o f gas w as re d u ce d an d again Jan . 1 1907. V . 78, p . 2602; V . 8 3 , p . 1293.
A m . L t. & T r a c . C o . o w n s p ra c tic a lly en tire s tk . th ro u g h W e s t. G as C o .
(V . 88, p . 752 .) In 1907 s to c k w’as Increased t o $ 5 ,0 0 0 ,0 0 0 . V . 8 5 , p . 164 .
O f the $ 1 ,9 8 8 ,0 0 0 b o n d s rem ain in g u n issu ed, $ 10 0,00 0 Is reserved t o ta k e
u p $80 ,000 O ffice C o. 5s, s u b je c t to call a fte r 1905, a n d th e rem a in in g
$2 ,6 0 0 ,0 0 0 ca n o n ly b e issu ed a t p a r f o r 8 0 % o f the a ctu a l c o s t o f e x te n sion s
an d Im p rovem en ts. See V . 78, p . 481 , 1199; V . 79, p . 631; V . 8 0 , p . 602 .
D I V I D E N D S .— O n p r e f. to A u g . 1909, 6 % y e a r ly (F . & A . ) .
O n c o m .,
1906 to A u g . 1909, 4 % (2 % F . & A .) ; N o v . 1909, \ \ 4 % (qu ar.)
F o r y e a r e n d in g S e p t. 30 1908, n e t, $93 4,31 0; in te re st, $ 32 0,47 7; b a l.,
s u r ., $61 3,83 3. C a len d ar y e a r 1907, n e t, $ 9 2 6 ,6 8 4 .— ( V . 8 7 , p . 1423.)
(The) MINNEAPOLIS GENERAL ELECTRIC C O — O R G A N I Z A T I O N .
— In c o r p o r a te d in N . J . J a n . 9 1899. V . 68, p . 824; V . 7 7 , p. 773; V . 86, p .
173. S to n e & W e b s te r o f B o s to n are G eneral M anagers o f th e p r o p e r ty .
N ew 3 0 -y e a r fra n ch ise J u n e 190 8, V . 8 7 , p . 42.
D I V I D E N D S .— O n p re fe rre d to A u g . 190 9, 6 % y e a r ly (F . & A . ) .
On
c o m ., 1906 t o A u g . 1909, 4 % (2 % F . & A .) ; N o v . 1909, \ )4 % (q u a r .).
B O N D S .— O f th e 5s o f 1904 ($ 8 ,0 0 0 ,0 0 0 a u th o r iz e d ), $ 5 ,6 2 4 ,0 0 0 h a v e
b e e n sold to retire u n d e rly in g b o n d s a n d e x te n d th e c o m p a n y ’s plan t; a n d
th e rem ain in g $ 2 ,4 7 6 ,0 0 0 are reserved fo r 8 0 % o f cash e x p e n d itu r e s , t o b e
m a d e as r e q u ire d . S in k in g fu n d 1 % o f o u ts ta n d in g b o n d s. C ity T ru st C o .
o f B o s to n Is tru ste e . V . 8 0 , p . 223; V . 8 6 , p . 52; V . 8 7 , p . 1536.
E A R N I N G S .— 5 m o s ., 1 1 9 0 9 ...................... G ross, $45 9,99 2; n e t, $26 5,15 5
Jan . 1 to M ay 31.
J1 9 0 8 ____________ G ross, 411 ,762 ; n e t, 2 2 9 ,4 7 0
S urplus o v e r ch a rg e s, $ 1 1 4 ,5 0 0 , a gain st $74 ,8 0 0 .
R E P O R T .— Y e a r e n d in g O c t . 31 1908, gross, $ 98 3,75 1; n e t. $ 48 5,99 5;
Interest ch a rge s, $ 3 0 3 ,7 0 3 ; b a la n c e , su rplu s, $ 18 2,29 2.
P r e s ., M art B . K o o n ; T r e a s ., H e n r y B . S a w yer; S e c ., A . K . T o d d . E x ­
e c u tiv e o ffic e , 147 M ilk S t ., B o s to n .— (V . 8 9 , p . 1070.)

M I S C E L L A N E O US
F o r e x p la n a tio n o f colu m n headings, & c ., see notes on
first page o f tables

I N T E R E S T OR D I V I D E N D S
D a te
of
B on d s

S ize, or
Par
V a lu e

A m ount
O utstanding

$100
N at E n am & S tam p— (C on )— P re f s to c k (as to assets) 7 % cu m
1,000
F irst M £ $ 2 5 0,00 0 p a y y r ly d e p o sit m ad e to retire b d s . - S S t 1001
1,000
R e fu n d first m tge real esta te sin k fu n d g red t e x t . .C e x c & r* 1909
50
N ation a l F ire p r o o fin g — C o m m o n s t o c k $ 4 ,5 0 0 ,0 0 0 ___________
50
P referred s to c k 7 % n o n -cu m u la tiv e $ 8 ,0 0 0 ,0 0 0 ____________
1,000
F irst m tg e $ 2 ,5 0 0 ,0 0 0 g o ld red par $ 2 5 0,00 0 d u e y e a r l y - .N
100
N ation a l L ead C o — S to c k c o m m o n $ 2 5 ,0 0 0 ,0 0 0 a u th o riz e d
100
P r e f (also as to assets) 7 % cu m $ 2 5 ,0 0 0 ,0 0 0 red p ar be glO lO
100
N ational Su g ar— C om m on s to c k $ 1 0 ,0 0 0 ,0 0 0 -----------------100
P referred s to c k 6 % cu m u la tiv e $ 1 0 ,0 0 0 ,0 0 0 ---------------20
N ew C en tral C oa l— S to c k $ 1 ,0 0 0 ,0 0 0 _____________________
100
N ew E n gla n d C o tto n Y a rn — C o m m o n s to c k $ 3 ,9 0 0 ,0 0 0 --------100
P referred s to c k $ 2 ,0 0 0 ,0 0 0 6 % n o n -c u m u la t iv e ---------1,000
1899
F irst m tg e $ 6 ,5 0 0 ,0 0 0 g o ld s f su b j to call a t 110-------N B .c*
100
N ew E n gla n d T elep h on e & T elegraph— S to c k $ 5 0 ,0 0 0 ,0 0 0 —
1,000
B on d s Series 6, 7 an d 8 $ 5 0 0,00 0 e a ch n o t s u b je c t to c a l l . . ’ 9 5 -’ 99
1,000
1900
B on d s $ 1 ,0 0 0 ,0 0 0 _____________________ ______ - ...................
100
N ew Y ork A ir B rake— S to c k $ 1 3 ,0 0 0 ,0 0 0 a u t h o r iz e d ...
100 &c
F irst m o rtg a g e $ 3 ,0 0 0 ,0 0 0 g o ld c o n v e r tib le t e x t -------------C c 1008
100
N ew Y ork D o c k — P referred s t o c k 5 % n o n -c u m ( t e x t ) - .U s m
500 &C
F irst m o rtg a g e $ 1 3 ,0 0 0 ,0 0 0 g o ld call a t 1 0 5 ---------U s m .c & r I 6 6 l
N ew Y ork ( ia s . E lectric L ig h t, H eat & P o w e r — See C onsoll d a te d Gas
1,000
N Y & H o b o k e n Ferry C o— H o b o k F y 1st c o n M r e d .U s m .c * 1896
N Y & N ew Jersey F erry tw o m o rtg a g e s (V 8 2 , p 1 6 4 )------- 1896
1,000
N Y & H o b o k e n F erry general m o rtg a g e g o ld $ 4 ,0 0 0 ,0 0 0 . 1898
100
N Y M u tu al (ia s L ig h t— S to c k (b o n d s see C o n so lid a te d Gas)
1,000
N Y M utual T e l— M ut U n io n T e l first m tg e gu n o t d r a w n . Nc 1881
M O N O N Q A H E L A R I V E R C O N S O L ID A T E D C O A L & C O K E C O .—
(“ R iv e r C oal C o n s o lid a tio n .” ) — I n c o r p o r a t e d in P a . In Ju n e 1899 to c o n ­
s o lid a te c o a l Interests a lo n g the M o n o n g a h e la R iv e r , an d co a l tra ffic to
N ew O rleans, & c ., In clu din g 200 stea m ers an d 4 ,0 0 0 co a l b o a ts an d barges
a n d c o a l e le v a to r s, & c. O w ns b e tw e e n 3 3 ,0 0 0 a n d 3 4 ,0 0 0 acres o f co a l,
e x c lu s iv e o f su rface. S ee c o n s titu e n t c o n c e r n s , V . 69, p . 1065: V . 72, p .
876 , 939; V . 74, p . 99; V . 76, p . 264; V . 78, p . 1278; V . 8 4 , p . 155.
In S e p t. 1903 the P itts . C oal C o. p u rch ased $ 1 5 ,0 0 0 ,0 0 0 o f the $2 0 ,0 0 0 ,0 0 0
c o m . an d $ 2 ,5 0 0 ,0 0 0 o f the $1 0 ,0 0 0 ,0 0 0 p r e f. s to c k a t $15 an d $45 per $50
sh a re, r e s p e c tiv e ly .
O p era ted s e p a r a te ly . V . 7 7 , p . 630 , 774 , 1297, 1750.
D I V I D E N D S o n p r e f., 7 % y e a r ly , J u ly 1900 to J a n . 1904 (J. & J .): in
J u ly 1004 th e d lv . w as passed; 1905, J a n ., 1 .5 4 % ; 1906, J a n ., 1 .9 4 % ; 1907,
J a n ., 4 . 5 % ; J u ly 1907, 3 ) 4 % ; 1908, 7 % (J. & J . ) ; 1909, J a n ., 1 A % In
J u ly 1909 a c tio n on the d lv . was d e fe rre d u n til a fte r the clo se o f the Uscal
year.
V . 8 9 , p . 166. A s. f. o f 5c. per to n o f 1 )4 -ln c h coal m in ed a n d
sh ip p e d w ill retire b on d s a n n u a lly a b o u t D e c. 1 If p u rch asab le a t a r e a so n a ­
ble price; to N o v . 1 1908, $ 1 ,7 8 9 ,0 0 0 w ere c a n c e le d . Car trusts O c t . 1908,
$ 2 8 6 ,0 0 0 ; m tg e s ., $17 2 ,8 3 4 .
E A R N I N G S . -F or 9 m o s. e n d in g J u ly 31 1909, gross, $ 1 ,5 6 2 ,0 5 2 ; a g st.
$ 2 ,0 1 2 ,8 2 0 In 1907-08; surplus o v e r in t ., ta x e s a n d d e p r e c ’n , $26 0 ,8 2 0 ,
a g a in st surplus o f $60 0 ,7 7 6 . V . 89, p. 596.
R E P O R T fo r y e a r e n d in g O ct. 31 190 8, w ith b a l. s h e e t, w as In V . 88*
p . 227 , sh ow in g profits o v e r ch arges a n d d lv s . o n p r e f. ($475,000) o f $966,"
056 . C h airm an o f E x e cu tiv e C o m m itte e . A le x a n d e r D e m p ster; P re s .,
G e o . W . T h eiss: T r e a s ., W . H a m ilto n B ru n t; S e c ., J . W . B a rb er; P itts ­
b u r g h , P a .— (V . 88, p . 227 , 234 , 629 , 1441; V . 89, p . 166, 596, 849.)
M O N T R E A L L IG H T , H E A T & P O W E R C O . ~ O R G A N I Z A T I O N .- - I n c o r p o r a te d b y sp ecial A c t o f Q u e b e c L egislatu re M arch 28 1901. C o n tio ls
th e gas, ele ctr ic ligh t an d p o w e r business o f M on treal an d suburbs,* also tw o
h y d r a u lic s ta tion s fo r gen e ra tio n o f e le c t r ic it y , in o p e r a tio n In the fall o f
1903, to h ave a c a p a c ity o f 28,000 h o r s e -p o w e r , v iz .: o n e h y d ra u lic p la n t,
L a ch ln e , Q u e ., an d on e a t C h a in b ly , Q u e.
C on trols o u t p u t fo r island o f
M on treal o f Sh a w ln igan VVater P o w e r C o ., also the o u t p u t o f the P r o v in c ia l
L t ., H t. & P o w . C o ., w h ich has b u ilt a 15,000 h .-p . p la n t o n th e S ou la n g e
C anal to d e v e lo p the surplus w aters th e r e o f. V . 83, p . 216; V . 8 8 , p . 380 .
P rop erties o w n e d , see V . 74, p . 580; V . 7 5 , p . 238; V . 76, p . 923; V . 80, p.
245 6.
Dlvs*. o n s to c k , 4 % y e a r ly to M ay 1906; A u g . 1906 to M ay 1907,
in c l., 1 A % q u a r.; A u g . 1907 to M ay 1909, 1 ) 4 % q u a r.; A u g . 1909, 1 A % 1
N o v . 1909, 1 H % .
B O N D S .— R o y a l T ru st C o . o f M o n tre a l Is tru stee o f b o th m o rtg a g e s.
O f th e 4 )4s o f 1902, $90 1,00 0 w ere re se rv e d to retire an e q u a l a m o u n t o f
u n d erly in g b on d s and $ 5 2 3,00 0 fo r im p ro v e m e n ts . T'he unissued L a ch ln e
b o n d s are reserved , v iz ., to p a y fo r b a la n ce o f s u b -c o m p a n y s to c k s , $ 7 ,0 0 0 ,
a n d to retire s u b -c o m p a n y b o n d s, $ 2 7 9 ,0 0 0 . L ist o f u n d e rly in g b o n d s and
d e s c r ip tio n o f m ortg a g es, V . 74, p . 580; V . 75, p . 238; V . 7 6 , p. 923. T h e
$ 1 ,5 0 0 ,0 0 0 P r o v in c ia l L ., H . & P . 5s are g u a r a n te e d , p . & I. V . 8 8 , p . 380 .
R E P O R T .— R e p o r t fo r y e a r e n d . A p r . 30 1909 w as In V . 8 8 , p . 1616.
Y ear.
Gross.
N et.
Interest.
D ivid en d s. B a l.,S u r .
$489,268
( 6 % ) $ 1 ,020,000 $725,848
1 9 0 8 -0 9 ____ $ 4 ,0 7 9 ,7 6 9 $2,3 3 5 ,1 1 6
1 9 0 7 -0 8 .3 ,7 9 2 ,2 1 8
2,1 4 0 ,5 6 2
493 ,0 9 5
(6 % ) 1 ,020,000
627,467
O F F I C E R S .— P r e s ., H e rb e rt S . H o lt; 1st V . - P . , W . M c L . W a lb a n k ,
2d V .- P . , R u d o lp h F o rg e t; S e c .-T r e a s ., J . S . N o rr is .— (V . 89, p . 1070.)
M O R R IS & C O .— V . 8 9 , p . 48.
N A T IO N A L B IS C U IT .— In c o r p o r a te d u n d er law s o f N . J . In 189 8.—
V . 6 6 , p . 288 , 901; V . 71, p . 545; V . 77, p . 92; V . 80, p . 870; V . 8 2 , p. 388 .
D I V I D E N D S .— O n p r e f. In 1898, 5 ) 5 % ; 1899 to A u g .1 909 , 7 % ( 1 A %
Q .- F . ) .
O n c o m ., O c t . 1899 to Jan . 1907, in c l., 4 % (1 % Q .- J .) : A p r . 1907
t o Ja n . 1909, 1 A % q u a r.; A p ril, J u ly an d O ct. 1909, 1 ) 4 % ea ch ; in A p ril
1906 to 1908, ea ch 1 % e x t r a .
,
,
.
B O N D S .— T h ese I n c lu d e N . Y . B iscu it first 6s (M . & S . ) , d u e M arch 1911,
$18 1 ,0 7 1 ; c o u p o n s p a id b y F irst N a t. B a n k , N . Y . A m . B iscu it & M fg.
ilrst 6s (F . & A .) , due A u g. 1910, $ 54 5,00 0; c o u p o n s p aid b y C en tral T ru s t
C o. o f Illin o is, C h ica go. $5,000 5s d u e O c t . 1910 paid o ff.
A N N U A L R E P O R T .— R e p o r t fo r y e a r e n d in g Ja n . 31 1909 ( V . 88,
p . 502) s h ow ed : Sales fo r y e a r , $ 3 9 ,8 3 0 ,8 2 6 ; n e t p ro fits, $ 3 ,8 9 6 ,6 0 9 ; d lv s . o n
p r e f. ( 7 % ) , $ 1 ,7 3 6 ,3 1 4 ; d lv . o n c o m . ( 6 % ) , $ 1 ,7 5 4 ,1 6 1 ; b a l., s u r ., $40 6 ,1 3 4 .
D I R E C T O R S .— A . VV. G reen (P r e s .), J o h n D . R ic h a r d s o n (1st V . - P . ) ,
F . M . P eters (2n d V . - P . ) , F . A . K e n n e d y , B . F . C ra w fo rd , W m . II. M o o re ,
L . D . D o zie r , H . J. E v a n s , F . L . H lne, S. S. M arvin , T . S . O lllv c, N . B .
R e a m , J. B . V red c n b u r g h , H . M . H a n n a , S . A . S ears. S e c. an d T reas. Is
F . E . B u g b ee; A s s t. T r e a s ., J . U . H lg ln b o th a m .
O ffic e , 15th S t ., 9th and
10th A v e s ., N . Y .— (V . 86, p . 477; V . 8 8 , p . 454 , 502 , 509.)
N A T IO N A L C A R B O N C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In N ew
J ersey o n J a n . 16 1899. V. 68, p . 85, 130.
D lvs. on p r e f., 1899, 3 ) 4 % ; 1900
t o A u g . 1909, 1 A % q u a r. D lv . o n c o m ., 1905, 3 % (J. & J .) , 1906 to J u ly
190 9, 4 % y ’ly (Q .-J .); O c t ., 1909, l A % . R e p o r t fo r ye a r e n d . Ja n . 31 1909,
w ith b a l. s h e e t, in V . 8 8 , p . 561, sh o w e d : N e t earn in gs, $98 0,28 3; d lv s.
(7 % ) o n p r e f., $31 5,00 0; d iv . (4 % ) o n c o m ., $22 0 ,0 0 0 ; d e p r e c ’ n , & c.,
$ 40 7,01 9; b a l., s u r ., $ 38 ,264 .
P re s., Jam es P a rm e le e ; T r e a s ., H . E . H ack en berg; S e c ., J . S . Crider. M ain o ffic e , C le v e la n d .— (V . 8 9 , p . 923.)
N A T IO N A L E N A M E L IN G & S T A M P IN G C O — O R G A N I Z A T I O N .—
In c o r p o r a t e d In N ew Jersey o n Ja n . 21 1899. S ee p ro sp e ctu s In V . 68,
p . 187, a n d o ffic ia l s ta tem e n t In V . 76, p . 1405; V . 77, p . 403: V . 82, p.
755 .
D lv . on p re f., 1899 to O ct. 1909, 7 % y e a r ly ( Q .- J .) ; 7 % d eclared
p a y a b le 1 A % each q u a rte rly , b e g in n in g S e p t. 30 1909. O n c o m ., 1902 t o ’04,
4 % yea rly ; 1905, J a n ., A p r. a n d J u ly , H % e a ch ; n on e since t o O c t . 1909.
V . 81, p. 617 .
D ecision D ec. 1906, V. 81, p . 215; V . 82, p. 755; V . 8 3 ,p . 1415
B O N D S .— T h e $ 3 ,5 0 0 ,0 0 0 re fu n d in g first m tg e . real esta te 5s o f 1909
w ere sold to retire the lloatln g d e b t , s u fficie n t o f the p r o c e e d s b e in g d e p o s ­
ite d t o p a y o il the $500,000 b o n d s d u e S e p t. 1910 anti 1911. 'I he b o n d s w ill
b e s u b je c t t o ann u al d raw in gs a t 105 in a m o u n ts in crea sin g y e a rly fro m
$10 8 ,0 0 0 to $ 26 3,00 0. See V. 88, p. 1502.
R e p o r t fo r y ea r en d in g Ju n e 30 1909 w as in V . 89, p. 467 , sh o w in g , n e t,
$80 7 ,4 0 7 ; ln t. o n 1st M . b o n d s, $39 ,583 : d iv . o n p re f. s to c k ( 7 % ) , $59 8 ,2 6 2 ;
b a l., s u r ., $16 9,56 2; tota l su rp lu s, $1 ,2 2 9 ,5 1 2 ; an d $ 1 ,5 0 0 ,0 0 0 general
reserve a c c o u n t . C h airm an , F re d k . G . N led rln gh a u s; P r e s ., F . A . VV.
K le c k h e fe r ; S e c ., W in . H . M atth al; T r e a s ., A . M. S te in h a rd t.
N Y o ffic e ,
83 F u lto n S t .— (V . 8 7 . p. 542; V . 88, p. 1502; V . 89, p . 4 8 , 41 5 , 467 .)
N A T IO N A L F IR E P R O O F IN G C O .— In c o r p o r a te d in 1889; nam e was
c h a n g e d In 1899 fro m P ittsb u rgh T erra C o tta L u m b e r C o. C on trols
29 p lan ts a d ja c e n t to v ariou s cities b e tw e e n B o s to n a n d C h ica g o , o v e r
4 ,0 0 0 acres o f c o a l an d c la y lan ds, p a te n t rig h ts, e t c .
M an u factu res porou s
terra c o t ta , firep roofin g , h o llo w tile , b u ild in g b lo c k s , A c . P rop erties
o w n e d , see V . 72, p . 296, 1191; V . 76, p . 651 .
M ortg ages o u t , $12 1,16 9.
B O N D S .— O f the b o n d s, $ 2 ,0 0 0 ,0 0 0 w ere s o ld , ba la n ce to be held fo r
fu tu r e use. T h e cash and q u ick assets, until p a y m e n t o f th e b o n d s, o v e r
a ll»oth er lia b ilities, shall n e v e r be less th an $ 2 ,0 0 0 ,0 0 0 . V 8 2 , p . 1104.




R ate
%

$ 8 ,5 4 6 ,6 0 0 7 in 1909
500,000
5 g
3 .5 0 0 .0 0 0
5 g
4 ,4 6 1 ,3 0 0 S ee te x t
7 ,9 0 0 ,5 0 0 S e c t e x t
1.2 5 0 .0 0 0
5 g
20.7 5 0 .0 0 0 5 In 1908
24,4 6 3 ,6 0 0 7 in 1909
10,0 0 0 ,0 0 0
10,0 0 0 ,0 0 0 6 In 1909
1 ,0 0 0 ,0 0 0 4 in 1909
3 .9 0 0 .0 0 0 See te x t
2 ,0 0 0 ,0 0 0 6 in 1909
5.0 6 0 .0 0 0
5 g
6 in 1909
See te x t
1.5 0 0 .0 0 0
5
1,0 0 0 ,0 0 0
4
10,0 0 0 ,0 0 0 S ee t e x t
3 .0 0 0 . 000
6 g
10,0 0 0 ,0 0 0 4 In 1909
11.8 0 0 .0 0 0
4 g
4 .1 0 0 .0 0 0
5
5
1 .0 0 0 .
000
3 .3 0 0 .0 0 0
5 g
3 .5 0 0 .0 0 0 6 In 1909
5,0 0 0 ,0 0 0
6 g

W hen
P a y a b le

W here P a y a b le, and by
W hom

Q uar
T ru s t C o o f A m e r ic a , N Y
& S S t L o u is T r C o , S t L ou is
& D N ew Y o r k
C h eck s m ailed
Q— F
do
Q— J
A
& O N ew Y o r k T ru s t C o, N Y
Q— J 111 B r o a d w a y , N ew Y o rk
do
do
Q— M

M
J

B o n d s— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d
S ep 3 0 ’09 1 A %
S e p t 1 1910-11
Ju n e 1 1929
A u g25,03 1 ) 4 %
A p r 15 ’ 08
1%
A p r 1 9 1 0 -1 9 1 6
O ct 1 1909 1 A
D ec 15’ 09 1 %

O ct 2 1 9 0 9
C h eck s m ailed
C o ’s O ff, 17 B a tt P I, N Y Nov' 1 1909
O ct 1 1909
N o v 1 1909
N at S h a w m u t B k ,B o s to n A u g 1 1 9 2 9
125 M ilk S tr e e t, B o sto n O ct 15 1909
N at B k C o m m e r c e , B o s t 1915, ’ 16 &
Jan 1 1930
do
do
O ffic e , 165 B ’ vvay, N Y O c t 22 ’ 07
Q— j
M & N C entral T r u s t C o , N Y M a y 1 1928
O ct 15 1909
A
& O C hecks m ailed
F
& A U S M tge & T r C o , N Y A u g 1 1 9 5 1

Q— J
See t e x t
S ee t e x t
Q— F
F
& A
Q— J
A & O
J
&
J

M
J
J
J
M

&
&
&
&
&

N Y , O ffice D el L & W
do
do
do
do
C h ecks m ailed
N N Y , W estern U n ion T el

M ay
Jan
M ay
J u ly
M ay

1 )4

2%

1 )4
1 )4
1M
’ 19

2%
2%

1 1946
1 1946
1 1948
10 1909 3 %
1 1911

D I V I D ’ D S . 1900. 1901. 1902. 1903. 1904. 1905. ’ 06. ’ 07. ’ 08. ’0 9 .
P re fe rre d . . % 1 5 4 7
7
7
7
5 )4
1 5
2 0
354
5
4 )4
0
0
0
0
0
0
C o m m o n ___ % ____
R E P O R T .— R e p o r t fo r ca l. y e a r 1908, In V . 8 8 , p . 879 , n e t earn in gs,
$ 41 ,089 ; reserve, $10 0,00 0; p r e f. d lv . ( 1 % ) , $79 ,005 ; b a l., d e f ., $13 7,91 6.
D I R E C T O R S .— D . F . H en ry (C h airm an ), W . D . H e n ry (P r e s .), R . W .
A llis o n , H e n ry M. K e a s b e y an d E . V . J o h n so n (V ic e -P re s id e n ts ), Joh n
R . G regg , F red G w ln n er J r ., W . A . D In ker, Jam es J. B o o t h , W m . H . G ra­
h a m , T . H art G iv e n , H a y W a lk e r J r ., VV. A . S to n e , VV. A . W ilso n an d J . B .
F in le y . T re a s . Is J . P . R o b b in s an d C. G . J o n e s Is S e c r e ta r y .— ( V . 8 6 , p .
72 5 , 855: V . 8 7 , p. 42; V . 8 8 . p. 751 , 879 , 886.)
NATIONAL LEAD C O M P A N Y — O R G A N I Z A T I O N .— O rga n ze d u n d er
th e law s o f N ew Jersey o n D e c. 7 1891. I t c o n tr o ls e x te n s v e plants
In d ifferen t S tates fo r m a n u fa ctu re o f w h ite le a d , & c. V . 89, p . 223.
In
1906 th e w h ole o r g re a te r p a rt o f the U n ite d L ea d C o . s t o c k w as a c q u red.
V . 84, p . 697, 160.
In 1907 p u rch ased M agnus M etal C o . V . 8 4 , p . 452 .
S T O C K .— T h e p referred s to c k Is e n title d to 7 % per a n n u m c u m u la tiv e ,
an d s u b je c t to call a t p a r fro m Ja n . 1 1910.
V . 60, p . 349; V . 8 8 , p . 137 6.
D I V S . 1 ’ 94. ’ 95. ’ 96. ’ 97. ’ 9 8 -’ 00. ’ 0 1 -’ 05. ’ 0 6 . ’ 0 7 . ’ 0 8 . 190 9.
C om m on)
3
1 0
0
1 y ’ ly .
0
2
4 )4
5 5 (Q -J)
P re fe rre d w ere 7 % y e a rly (1 5 4 % Q .-M .) to D e c . 1909, n clu slv e .
A N N U A L R E P O R T .— T h e ann u al re p o r t fo r 1908. In V . 88, p. 94 1 ,
s h o w e d : N et earnings, $ 2 ,902,753 ; d lv s . on p r e f., $ 1 ,7 0 5 ,7 3 2 ; d lv . o n c o m .,
5 % , $1,032,770 ; b a l. fo r y e a r , su rplu s, $16 4,25 1. T o t a l surplus D e c. 31
1908, $ 1 ,458,455 ;
In 1907, n e t, $ 2 ,942,245 .
D I R E C T O R S .— L . A . C ole (P r e s .), R . P. R o w e , W . W . L a w re n ce an d
G . O . C a rp en ter (V ic e -P re s id e n ts ), E . F . B ea le, R . R . C o lg a te , E . C. G osh o r n , H . M . M cC h esn ey, A . P . T h o m p s o n , W a lte r T u fts , C. F . W ells, D aniel
G u ggen h eim , M u rray G u ggen h eim , E d w ard B rush an d E . J . C ornish.
S e c . s Charles D a v iso n . N . Y . o ffic e , 111 B ’ w a y .— ( V . 8 9 , p . 223.)
N A T IO N A L S U G A R R E F IN IN G O F N E W J E R S E Y .— In c o r p o r a te d In
N ew Je rse y o n Ju n e 2 1900 an d to o k o v e r the N ew Y o r k Su g ar R efin in g
C o .’s (D osch er) re fin e ry , L o n g Isla n d C ity , th e M ollen h a u er refin ery,
B r o o k ly n , N . Y . , a n d the N a tio n a l refin ery, Y o n k e rs , N . Y . T h e c a p a c ity
Is 10,000 barrels d a lly .
V . 70, p . 1098; V . 71, p . 31; V . 77, p . 1877.
D lv s.
o n p r e f.: 1 ) 4 % (Q .-J .) p aid O ct. 1900 to O ct. 1909 In clu sive.
N o b o n d s.
P r e s ., J . H . P o s t. N ew d ire cto rs , Ja n . 1906, V . 8 2 , p . 104.— ( V .8 2 ,p .l 0 4 .)
N E W A R K C O N S O L ID A T E D G A S — S ee “ E le c tr ic R a ilw a y " S e c tio n .
N E W C E N T R A L C O A L (A ID .).— O w ns co a l lands n A lle g h e n y C o u n ty ,
M arylan d . T o n s m in ed In 1898, 2 03 ,677 ; net p rofits, $ 3 7 ,3 9 7 .
In 1898
re d u ce d the s to c k fro m $ 5 ,0 0 0 ,0 0 0 to $ 1 ,0 0 0 ,0 0 0 an d shares fro m $100 to
$20 . V . 66, p . 901, 1140; V . 64, p . 515.
D I V S .) ’ 9 5 -’07. ’ 98. ’ 99. ’ 00. ’ 01. ’ 02. '0 3 . ’ 0 4 . ’ 0 5 . ’ 06. ’ 07. ’ 0 8 . 1909.
S in ce ’ 9 4 )
0
2
4
2
0
0
4
2
4
4
2
4
4
N ew Y o r k o ffic e , 17 B a tte r y P la c e .— (V . 8 5 , p . 1341.)
N E W E N G L A N D CO TTON Y A R N .— A con sol d a t o n o f 9 ya rn m 11s o f
N ew B e d fo r d , Fall R iv e r an d T a u n to n .
V . 69, p. 28, 81, 181; V . 70, p .
587, 1294. T o ta l, 531 ,000 s p in d le s.
V. 71, p . 345; V . 73. p. 443; V . 81,
p . 617, 1608; V . 88, p . 724.
N ow a M assachusetts c o r p o r a tio n .
V . 77,
p . 2161. T h e s to c k h o ld e r s, It is u n d e rs to o d , will s h o rtly be asked to v o te
o n a p ro p o s itio n to lease th e p ro p e rty a t 7 )4 % on the c o m m o n s to c k to a
new co n s o lid a te d c o m p a n y , the u n io n (K n ittin g ) M ills, a c o n s o lid a tion o f
th e U n ion M ills an d R o y a l G em M ills, w ith plants a t H u d s o n , & c., N . Y .
V . 89, p. 1070.
S E C U R I T I E S .— S to c k a u t h o r 'z c d , c o m m o n , $ 3 ,9 0 0 ,0 0 0 ; p re f. (as to
assets an d a ccru ed d v ld e n d s an d s u b je c t to r e d e m p tio n at $140 per share
an d a ccru ed d iv id e n d s ), 6 % n o n -c u m ., $ 2 ,0 0 0 ,0 0 0 .
F irst d lv . o n c o m m o n ,
6 % , p aid 1 ) 4 % q u a rte r ly , begin n in g S e p t. 3 1907: 0 % d eclared p a y a b le
1 ) 4 % q u a rte rly , begin n in g O c t . 1 1908: O c t . 1909, 1 ) 4 % .
D lv . on pref.
s t o c k N o v . 1905 t o N o v . 1909, In cl., 1 ) 4 % q u a r ., and 6 % pa y a b le 1 ) 4 %
qu a r. begin n in g N o v . 1909.
R E P O R T .— R e p o rt fo r y e a r e n d in g S e p t. 30 1908 in V. 87, p. 1356,
sh o w e d profits fro m m a n u fa ctu rin g , $73 6,00 0: Int. on 1st M. b d s ., $ 25 3,00 0;
ad ju stm e n ts (cre d it I t e m ). $ 6 ,352; pref. d lv . ( 6 % ) , $12 0 ,0 0 0 : sinking fu n d .
$ 57 ,800 ; b a l., s u r ., $31 1 ,5 5 2 .
D iv id e n d o n co m m o n s t o c k , 6 % , d eclared
p a y a b le qu a rte rly b e gin n in g O ct. 1 1908, calls fo r $ 23 4,00 0.
P r e s ., C. M in ot W e ld . O ffic e , N ew B e d fo r d , M ass.— (V . 8 9 , p . 724.)
N E W E N G L A N D T E L E P H O N E & T E L E G R A P H .— T h is c o m p a n y does
a te le p h o n e business In M aine, N ew H am p sh ire , V e rm o n t a n d M assachusetts
u n d er license fro m T h e A m e rica n B ell T e le p h o n e C o . O n Jan . 1 1909
It had 247 ,685 station s In all, a ga in st 234 ,7 2 7 In 1908. O f s t o c k , 5 8 %
Is o w n e d b y A m e rica n T e le p h o n e & 'I’ cle g ra p h (B ell) C o . V . 70, p . 40.
S to c k h o ld e r s w ere In A p ril 1909 o ffe r e d $ 3 ,5 6 2 ,4 4 0 new s to c k a t par, p a y ­
a b le o n e -h a lf J u ly 16 1909 an d o n e -h a lf Ja n . 17 1910, raising the a m ou n t
o u ts ta n d in g to $ 3 9 ,1 8 6 ,8 4 0 . V . 88, p . 825 . T h e d e b e n tu re s are to be
secu red b y a n y m o rtg a ge p la ce d .
D IV I D E N D S —
1 188 6-1893. ’ 94. ’ 95. ’ 96. ’ 97. 1898-1908.
1009.
P e r c e n t ________________ ) 3 )4 y ’ ly
4 4 )4
5 5 )4
6 y ’ly
6
D iv id e n d p eriod ch a n ged fro m Q .- F . to Q .-J . In 1909.
V . 8 7 , p . 1667.
A N N U A L R E P O R T .— Fiscal y e a r ends D e c . 3 1 .
R e p o rt fo r 1908 was
In V . 8 8 , p . 1557, sh ow in g: G ross e arn in gs, $ 1 1 ,2 5 9 ,1 3 0 ; net o v e r Interest,
m a in te n a n ce , ta x e s, A c ., $2 ,5 6 0 ,4 1 3 ; d iv id e n d s ( 6 % ) , $ 2 ,0 7 6 ,8 4 2 ; b a la n ce,
su rp lu s, $ 48 3,57 1. O ffic e , 125 M ilk S t ., B o s to n .— (V . 8 8 , p . 886 , 1557.)
N E W YORK A I R B R A K E .— In c o r p o r a te d u n d er law s o f N ew J ersey.
W o r k s a t W a te r to w n , N . Y .; c a p a c it y , 500 sets o f ca r brakes a d a y . In
A p ril 1902 R u ssian plan t w as p la ce d In o p e r a tio n . V . 74, p . 887.
In 1896 d iv id e n d 6 % ; In 1897 and 1898, non e; O ct. 1899 to O c t . 1907,
In c l., 2 % q u a r. (8 % p er a n .); n o n e sin ce to O ct, 1909. V . 85, p . 1579.
B O N D S .— S to ck h o ld e rs In A p ril 1908 s u b scrib e d a t 90 fo r $ 3 ,0 0 0 ,0 0 0
2 0 -y e a r 6 % b o n d s, co n v e r tib le Into s to c k a t par begin n in g J u ly 1 1909 and
b e fo r e J u ly 1 1914. V . 8 6 , p . 725 , 797 , 921 , 1104.
R E P O R T .— R e p o r t fo r y e a r e n d in g D e c. 31 1908, in V . 8 8 , p . 82 0 ,
s h o w e d : T o ta l In com e, $ 1 ,6 0 1 ,6 0 6 ; c o s t o f m a n u fa ctu rin g an d sellin g,
$1 ,2 3 7 ,5 0 7 ; Interest o n b o n d s , 8 m o s ., $ 12 0,00 0; b a la n ce , su rp lu s, $24 4 ,0 9 9 .
D I R E C T O R S .— P re s ., O. A . S ta r b u c k , 165 B ro a d w a y ; V .- P . , G eo. B .
M assey, T h o s . C. P u rd y , J o h n C. T h o m p s o n ; S e c . an d T r e a s ., C. H . C haffee:
F re d . F lo w e r, A . N . B r a d y , G iles M ead a n d W m . N . S h a w .— (V . 88, p .8 2 5 .)
N E W Y O R K D O C K C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d In N . Y .
S tate o n J u ly 18 1901 as s u ccessor o f the B ro o k ly n W h a rf A W a reh ou se C o .,
fo re clo s e d a n d reorgan ized per plan V . 7 2 , p . 937 . P ossession ta k en A u g .
1 1901. V . 7 3 , p . 239 , 1355. O w ns w a te r fro n ta g e In B r o o k ly n , " fr o n t a g e
o f m ore than 2 A m ile s ,” o f w h ich 157 fe e t leased .
S T O C K S A N D B O N D S .— C o m . s t o c k , $ 7 ,0 0 0 ,0 0 0 ; p r o f., 5 % n o n -cu m u la tlv e , $ 1 0 ,0 0 0 ,0 0 0 , all In Bharcs o f $100 e a c h . A ft e r 5 % o n b o th stooka
th e tw o to share e q u a lly . B o n d s , $ 1 ,2 0 0 ,0 0 0 in treas. J u ly 31 1909.

I N T E R E S T OR D I V I D E N D S

M I S C E L L A N E O US
F o r exp la n a tion o f colum n headings, A c . , see notes on
first page o f tables
N ew York & Q u een s R lec Lt & P — N Y & Q Gas & E le c gold
F irst m o rtg a g e $ 2 ,5 0 0 ,0 0 0 g o ld -------------------------------------- - U n
N Y & R ich m o n d ( la s — First m o rtg a g e g o ld red l l 0 - - - - C e . c
N ew Y ork T e le p h o n e — M et T e le p & T e le g first m tg e s f . - c & r
C en tra l N Y T el & T e lc g d e b e n tu re s , sub t o call a lte r 1913
N Y T e l Co 1st & gen M $ 75 ,000 ,00 0 a u th red a t 1 1 0 . . . . . F
N Y & N J T 1 M (n ow 1st) g s f $20 ,000 y ly n o t d ra w n .M p ^ c
N iagara F alls P o w e r — First m o rtg a g e g o l d . . . . . . . . . . . . . -C e
N ew m o rtg a g e b on d s $25 ,0 0 0 ,0 0 0 (V 88, p 1441) g o ld -----D eb en tu res g o ld ------------------------------ - - - - - ----- „--------------do
do
c o n v e r tib le Can c o ll Series A . .............JVlo.c*
N ile s -B c m cn t-P o n d C o— S to ck c o m $ 8 ,5 0 0 ,0 0 0 (V 8 3 , p 1350)
P referred s to c k 6 % cu m $ 3 ,0 0 0 ,0 0 0 call In 1911 a t 1 0 5 ------P r a tt & W h itn e y 6 % cu m pref s to c k g u a r red eem ( t e x t ) .
N iles T o o l W ork s 6 % cu m p referred s to c k n o t gu a ra n te e d
R Id g w a y M achine 6 % c u m u la tiv e pref s to c k g u a r a n te e d .
B on d s r e ed em a b lc since F eb 1 190 9--------------------------------N orth A m erica n — S to c k $ 3 0 ,0 0 0 ,0 0 0 --------------------------------------C oll tru st g old n otes $ 5 ,0 0 0 ,0 0 0 red 101 sin ce M ay ’ 0 9 .M o .c *
N orth w estern G a s -L ig h t & C o k e — C on sol (n o w 1st) m tg
' '
do
gen & ref m
N o rth w estern T c le g r a p h -

Of
B on ds
1900
1901
1888
1898
1909
1890
1891
1909
1900
1901
190 4 -6

1907
1895
1898
1892
1902
1904
1903
1905

Par
V a lu e

1,000
1,000
$ & £
1,000
500 & c
1,000
1,000
1,000
100
100

100
1,000
1,000
500
1,000
1,000
500
1.00C
1,000

D I V I D E N D S .—
1 ’ 0 2 . ’ 0 3 , '0 4 . ’ 05. ’ 00. ’ 0 7 . ’ 08. 1909.
O n p r e f e r r e d _____________________ % j
1
2
2 2 Pi 2 Pi 4 4 )4
4
R E P O R T .— R e p o rt fo r y e a r e n d in g J u ly 31 1909, w ith b a la n ce s h e e t.
In V . 89, p . 840 , sh o w e d : G ross earn in gs, $ 2 ,0 3 9 ,2 8 1 ; n e t, $91 3 ,1 1 8 ; o th e r
In c o m e , $ 11 ,574 ; Int. o n b o n d s, $ 47 2,00 0; d lv s . ( 4 % ) , $40 0,00 0; d e p r e c .,
$ 5 0 ,0 7 7 ; a d ju s tm e n ts p rio r a c c o u n ts , $ 1 ,9 4 9 ,0 0 0 ; b a l., s u r ., $ 7 ,0 7 0 .
O F F I C E R S .— P re s ., F . S . L a n d stre e t; V .- P . , C o lu m b u s O ’ D . Iselln;
S e c .. E d w in T h o rn e ; V .-P . a n d T r e a s ., G eorge E . S p e n ce r.
O ffic e , 8 an d
10 B rid ge, S t. (M a n h a tta n ), N . Y . — (V . 88, p. 1257; V . 89, p . 781, 846 .)
NOW YORK & FAST RIVER FERRY.— Owns th e ’ ’ A s to r ia ” F erry
fro m f o o t o f 9 2 d . S t ., N . Y . , an d has th re e fe rr y b o a ts . S t o c k , $ 7 5 0 ,0 0 0 .
D I V I D E N D S .—
1 ’ 95. ’ 90. ’ 97. ’ 98. ’ 99. '0 0 . ’ 01 to Ju n e 1905
P e r c e n t .................................- - - /
3
4 4 )4
5
5 5 )4 0 y e a r ly (Q .-M .)
B o n d s , $75 0,00 0 1st 3 0 -y e a r g o ld 5s d u e N o v . 1 1922, Interest M .-N .,
a t K in gs C o. T ru s t C o.
D irectors— W illia m A . N ash , T h e o . F . J a ck s o n ,
H . K . K n a p p , E . Leh m an an d R osw ell E ld rld g e .— ( V . 71, p . 392.)
N E W Y O R K & E A S T R IV E R G A S C O .— See C O N S O L I D A T E D G A S C O .
N E W Y O R K E D IS O N C O .— S ee C O N S O L I D A T E D G A S .
N E W Y O R K & H O B O K E N F E R R Y C O .— In c o r p o r a te d N o v . 10 1898.
V 77, p . 454 .
In A p ril 1903 D el. L a ck . & W e s t. R R . a c q u ir e d en tire
$ 3 ,3 0 0 ,0 0 0 s to c k .
O f the $ 4 ,0 0 0 ,0 0 0 general 5s o f 1898, $ 7 0 0,00 0 w ere re ­
s erv ed fo r Im p rovem en ts; all are r e d e e m a b le a t 110 .— (V . 8 2 , p . 104.)
N. Y. MUTUAL GAS LIGHT.— S ee C O N S O L I D A T E D G A S .
NEW YORK MUTUAL TELEGRAPH.— S u cce sso r to th e M utual U n ion
T eleg ra p h C o. T h e s to c k carries d iv id e n d s o f 0 % p e r an n u m u n d e r a lease
fo r 99 years fro m F eb . 15 1883 to W est. U n. T e le g ra p h , w h ich o w n s $ 2 ,3 8 5 ,­
700 o f $ 2 ,5 0 0 ,0 0 0 s to c k (par $25) an d $ 3 ,0 4 3 ,0 0 0 o f the $ 5 ,0 0 0 ,0 0 0 b o n d s.
NEW YORK & NEW JERSEY TELEPHONE— S ee N . Y . T e le p h o n e C o.
R e p o r t fo r y e a r e n d . D e c. 31 1908 w as In V . 8 8 , p . 155 7.— ( V . 8 9 , p . 781.)
N. Y . & Q U E E N S E L E C T R IC L IG H T & P O W E R C O .— See p a ge 170.
N E W Y O R K & R IC H M O N D G A S C O .— S e c p a ge 170.
N . Y . S U B U R B A N G A S .— S ee C on sol. G as C o . (N . Y .& W e s t c h e s t e r L tg .)
N E W Y O R K T E R M IN A L C O .— S ee S e ctio n F e b . 1909; V . 8 9 , p . 287.
NEW YORK TELEPHONE CO.— O R G A N I Z A T I O N .— A co n s o lid a tio n
In S e p t. 1909 o f all the " B e l l ” te le p h o n e c o m p a n ie s o p e r a tin g In S ta te o f
N ew Y o r k u n d er S ta te and m u n icipa l fra n ch ises, n a m e ly : N . Y . T e le p h o n e
C o . (o f N . Y . C ity an d v icin ity ; V . 82, p . 1272); N . Y . & N . J . T e le p h o n e
C o. (o f B r o o k ly n , Jerse y C ity , & c.); Cen tral N . Y . T e le p . & T e le g . C o.
(In clu d in g H u d son R iv e r T e l. C o. o f A lb a n y , T r o y , & c .), an d B ell T e le ­
p h o n e C o . o f B u lla lo . T o ta l te le p h o n e s In s e rv ice In O ct. 1909 said to be
6 2 5 ,0 0 0 .
V . 88, p . 849 . C on trols E m pire C ity S u b w a y Co.
S T O C K .— A u th o riz e d , $10 0,00 0,0 00; o u ts ta n d in g (p a r $ 1 0 0 ), $ 8 5 ,6 7 2 ,­
80 0 , all o w n e d b y th e A m e r. T e le p . & T e le g . C o . (V . 89, p . 7 8 1 ,8 4 9 ).
D iv i­
den d s (o ld N . Y . T e l. C o.) fo r m a n y years 6 % p e r a n n u m .
B O N D S .— T h e "fir s t & g e n . m t g e .” m a d e In 1909 Is lim ited to $ 7 5 ,0 0 0 ,­
00 0 , o f w h ich $ 25 ,000 ,00 0 have b e e n Issued, h a v in g a first lien o n th e en ­
tire p r o p e r t y , un d ergrou n d co n d u its , fra n ch ises, & c. (In cluding real estate
v a lu ed a t $ 1 5 ,0 0 0 ,0 0 0 ), s u b je c t In part to $3,8 3 6 ,0 0 0 o f o u ts ta n d in g m tg e .
In d eb ted n ess, w h ich the c o m p a n y co v e n a n ts to p a y a t m a tu r ity .
Issue
s u b je c t to call In w h o le , b u t n o t In p a rt, a t 110 and Int. o n a n y M . & N .,
b eg in n in g N o v . 1 1910. P ro ce e d s o f llrst $ 25 ,000 ,00 0 to be ap p lie d to re ­
p a y m e n t o f a d v a n c e s fo r Im p ro ve m e n ts and to a cq u ire a d d itio n a l p r o p e r ty .
T h e p r o c e e d s o f the n e x t $ 2 5 ,0 0 0 ,0 0 0 o f b o n d s, w h en Issued, will b e used
s o le ly fo r th e a ctu al c o s t o f fu rth e r Im p ro v e m e n ts an d a d d itio n s . T h e
final $ 2 5 ,0 0 0 ,0 0 0 b o n d s ca n b e Issued o n ly to the e x t e n t th a t an equal
a m o u n t o f cash Is r e c e iv e d fo r new s to c k Issued a t n o t less than p a r.
It Is
th e In ten tion th a t th e total b o n d s o u ts ta n d in g shall n e v e r e x c e e d o n e -th ird
o f th e v a lu e o f th e assets. V . 8 9 , p . 84 9 , 924.
E A R N I N G S .— T h ese have b e e n several tim es th e p resen t ann ual Inter­
est ch arge o f $1,31 5 ,6 1 0 .
P res id en t, T h e o . N . V ail. N . Y . o ffic e , 15 D e y S t .— ( V . 8 9 , p . 924.
N E W Y O R K T R A N S P O R T A T IO N C O .— See p a g e 170.
N IA G A R A F A L L S P O W E R C O .— See p a g e 170.

NILES-BEMENT-PONI) CO.— ORGANIZATION.— Incorporated in N.
J. on Aug. 11 1899 as a consolidation. Does much of the heavy machine
trade of the country; V . 69, p . 388 .

C O N T R O L L E D C O M P A N IE S — G U A R A N T I E S .— O w ns en tire c o m . stk .
($ 1 ,5 2 5 ,0 0 0 ) o f P ra tt & W h itn e y C o ., gu ar. 6 % on la t te r ’s $ 1 ,2 2 5 ,0 0 0 p re f.
s t o c k (s u b je c t to call in 1911 a t p a r ), p r o v id e d th a t th e gu a ra n to r earns
sam e o n its o w n s t o c k .
V . 71, p . 139; V . 70, p. 1253; V . 72, p . 143: V . 7 8 ,
p . 1113: V . 80, p. 1734.
In O ct. 1909 a p lan w as su ggested fo r ra isin g o f
$ 1 ,2 5 0 ,0 0 0 new cash b y P r a tt & W h it n e y C o . fo r Im p ro v e m e n ts a n d e x
ten sion s b y a n Increase o f $ 1 ,250,000 s to c k , th e p resen t $ 1 ,2 2 5 ,0 0 0 pref.
t o be called Jan . 1 1911, an d $ 2,000,000 new 6 % p re f. Issued a t p a r, gu a r­
a n te e d as t o Interest b y N llc s -B c m e n t C o . a n d redeem able Jan . 1 1921; also
475 ,0 0 0 a d d itio n a l c o m . s to c k t o be ta k en a t p a r b y N lle s -B c m e n t C o.
r. 89, p . 998.
A lso ow n s en tire co m m o n s to c k o f N iles T o o l W o r k s , d iv id e n d s o f 6 %
y e a r ly o n $1,0 0 0 ,0 0 0 h a v in g been p aid regu larly sin ce 1890.
In 1905 an d
1906 the e n tire s t o c k o f J o h n B ertram & S on s, L t d ., a n d P r a tt & W h it n e y
C o. o f C a n a d a , L t d ., o f D u n d as, O n t ., w as a cq u ir e d . V . 81, p . 977; V . 83,
p . 1350.
D ecis ion F e b . 1909, V . 88, p. 568.
D IV ID E N D S —
l ’ OO. ’ 01. ’ 02. ’ 03. '0 4 . '0 5 to ’ 08.
1909.
6
8
8
7
6 y e a rly
1 ) 4 -l M -l M -(?)
C o m m o n , p e r c e n t ------ } 3
P re fe rre d , p e r c e n t -------J-------------------- 6 % y e a r ly , 1)4 (Q .-F e b .) -------------------A ls o 4 0 % in c o m m o n s to c k ($ 2 ,0 0 0 ,0 0 0 ) p aid o n c o m . s to c k Jan . 2 1907.
B a lan ce sh eet D e c. 1908, V . 89, p. 101.
P re s., R . C. M cK in n e y ; T reas.
an d S e c ., Chas. L. C ornell, i l l B r o a d w a y , N . Y .— (V . 89, p . 998.)
NORTH AMERICAN CO.— O rga n ized In 1890 u n d er law s o f N ew J ersey,
an d con trols the M ilw aukee (W ls .) L t. H e a t & T r a c . C o . (sec " E le c t r ic R y . "
s e c t io n ), and the D e tro it (M ich .) E d ison C o. (V . 81, p . 3 3 ); also the ele ctric
lig h t, p ow er an d tro lle y co m p a n ie s o f S t. L ou is, M o ., as fo llo w s : U n ion
E le c tr ic L igh t & P o w e r C o. (V . 79, p. 2751; V . 7 7 , p . 40; V . 8 2 , p . 104;
V . 85, p . 1007; V . 86, p . 104 6); S t. L ou is C o u n ty G as C o . (V . 8 4 , p. 278)
an d U n ited R y s .: M ississippi R iv e r P o w e r D istrib u tin g C o . (V . 88. p . 9 9 9 ).
In 1909 sold the $ 7 ,400,000 L a cle d e Gas L t . C o . c o m . s tk . V . 88, p .1 5 6 3 .
T h e W est K e n tu c k y Coal C o ., w ith $ 3 ,0 0 0 ,0 0 0 s to c k and an a u th o rize d
Issue o f $5,0 0 0 ,0 0 0 1st m tg e . 2 5 -y e a r 5 % b o n d s, o f w h ich $ 2 ,0 0 0 ,0 0 0 h ave
been issu ed, the Interest b e in g g u a ra n te e d , h olds In fe e , o r b y m ineral
r ig h ts, o v e r 28,000 acres o f coal lands.
V . 81, p . 35, 563, 1178; V . 8 8 , p .9 9 9 .
N o te s .— In 1907 $ 2 ,500,000 o f a $ 5 ,0 0 0 ,0 0 0 Issue o f co lla t. trust g o ld n otes
w ere s o ld , secu red b y $ 5 ,0 0 0 ,0 0 0 L a cle d e G as L ig h t c o m m o n s to c k an d
$ 2 ,9 0 0 ,0 0 0 U n ion E lectric L ig h t & P o w e r C o . o f S t. L o u is s t o c k , a d d itio n a l
colla tera l to be d e p o s ite d , If n e ce ssa ry, to m ain tain the a p p ra ise d valu e o f
th e p led g ed securities a t all tim es a t least 3 0 % In e xcess o f th e par va lu e o f
th e n otes ou ts ta n d in g . V . 8 5 , p . 1185, 1252, 1310; V . 8 6 , p . 290.

t




A m ount
O utstanding
7 8 ,000
2 ,2 7 2 ,0 0 0
1 ,4 6 3 ,0 0 0
1 ,7 3 7 ,0 0 0
100 ,000
2 5 ,0 0 0 ,0 0 0
1,1 9 5 ,0 0 0
1 0 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
3 ,0 7 6 ,0 0 0
8 ,5 0 0 ,0 0 0
2 ,0 0 0 ,0 0 0
1 ,225,000
1 ,0 0 0 ,0 0 0
429 .000
126.000
2 9 ,7 9 3 ,3 0 0
2,5 0 0 ,0 0 0
250 ,000
1,7 5 0 ,0 0 0
500,000
1,770,000
1,500,000
5,468,000
1,3 8 8 ,0 0 0

R ate
%

W hen
P a yable

5 g
5 g
5 g
5 g
5
4P i
5 g
5 g
6 g
6 g
6 g
6 g
6 In 1908
6 In 1908
6 In 1908
6 in 1908
6 in 1909
5
See t e x t
5 g
6 g
5 g
6
5 g
4H g
5 g
5 g

J & J
F & A
M & N
M & N
J
& D
M & N
M & N
V a rio u s
A
A
M

W here P a y a b le, and by
W hom

B on ds— P r in c i­
pa l, W hen D u e
S tocks— L ast
D ivid en d

Jan
Aug
do
do
L ib e r ty N a tio n a l B k ,N Y M ay
O ffic e , 15 D e y S t, N Y M ay
N ew Y o r k & L o n d o n
M etro p o lita n T r C o , N Y
W in s lo w ,L a n ie r & C o ,N Y

& O M etro p o lita n T r C o , N Y
& O W in s lo w ,L a n ie r & C o ,N Y
do
do
& N
Q — M C h ecks m ailed
Q— F
do
do
Q— F
do
Q— M
do
Q— J
F & A E lk Co N a t B k , R Id g w a y
30 B ro a d S t, N e w Y o r k
Q— J
M & N
do
do
E q u ita b le T r u s t C o , C h ic
Q— J
Q— M
do
do
M erch L oa n & T r , C h ic
Q— J
J & J E q u ita b le T ru s t C o , Chic
J & J W e st U n T e le g C o , N Y
F
& A C anN B o f C o m ,T o r o r N Y
M & N|
do
do

1 1949
1 1930
1 1921
1 1918
1918
N o v 1 1939
Jan 1 1932
M ay 1 1920
Jan 1 1932
A p r 1 1910
O ct 1 1911
N o v 1 1914
S e p t 20 ’ 09
A u g 16 ’ 09
A u g 16 ’ 09
S e p t 30 ’ 09
O c t 1909
F e b 1 1934
O c t 1 1909
M ay 1 1912
Jan 1 1 9 1 5
D e c 1 1928
J u ly 1 1922
J u ly 1 1932
Jan 1 1934
F eb 1 1943
M ay 1 1945

1 pi
1 Pi
1 Pi
1 Pi
1 Pi
1 Pi

D IV ID E N D S —
11903.
1904 to S e p t. 1907.
1908.
1909.
4
5 ( 1 14 Q .-M a r.)
0
B elow
P er c e n t ___________________ ]
In 1909, A p ril, 1 ) 4 % ; J u ly , 1 ) 4 % ; O c t ., 1 ) 4 % .
R E P O R T , & c.— R e p o rt fo r y e a r e n d in g D e c. 31 1908 In V . 88, p . 292,
999 , s h o w e d : T o ta l in c o m e , $ 1 ,7 2 3 ,1 8 6 ; gen . e x p ., & c ., $ 91 ,962 ; ta x e s ,
$5,260; In t., $ 17 6,80 0; b a l., s u r ., $ 1 ,4 4 9 ,1 6 3 .
O n D e c. 31 1908 ow n e d :
S to c k s , $ 2 8 ,5 6 6 ,2 1 6 ; b o n d s , $ 4 ,5 2 0 ,8 3 3 ; an d b a la n ce sh e e t sh o w ed loans
p a y a b le , n o n e : loan s an d a c c o u n ts r e c e iv a b le , $ 2 ,0 6 8 ,2 8 7 ; ca s h , $ 6 6 9 ,5 2 5 .
D I R E C T O R S .— E d w a rd Q . K e a s b e y , J o h n I . B e g gs, C. W . W e tm o r e ,
S . W . B u rt, E d w in M . B u lk le y , W m . N elson C ro m w e ll, G . R . S h eld on ,
Charles F . P fister, F estu s J . W a d e , F . S. S m lth ers, A d o lp h u s B u sch ,
B re ck in rid ge J o n e s , Chas. H . I lu tt ig , F . V o g e l J r ., C. A . C o ffin , Jam es
C a m p b e ll, W . J . C u rtis, H . R . M allory. P r e s ., C. W . W e tm o re ; S e c ., Silas
W . B u rt; T r e a s ., G eo. R . S h e ld o n , 30 B ro a d S t.— (V . 8 8 , p . 1441, 1563.)
NORTHERN UNION GAS C O — See C o n so l. G as C o ., N . Y . C ity .
NORTHWESTERN GAS LIGHT & COKE CO.— O R G A N I Z A T I O N .— A
co n s o lid a tio n in S e p t. 1902. V . 75, p. 397 , 665 . A lly o f P e o p le ’s Gas L igh t
& C ok e C o . o f C h ica g o . S t o c k , $ 4 ,1 7 5 ,0 0 0 .
D lv s . A p ril 1903 t o J u ly 1906,
1 % q u a r.; sin ce t o 1908, (?); A p ril 1908, 1 ) 4 % ; s in ce , (? ).
N elson A .
M cC leary, P res. O ffic e , C h ica g o .— (V . 86, p . 1470.)
NORTHWESTERN TELEGRAPH.— O w ns 10,000 m iles of w ire an d Is
leased to W estern U n ion fo r 99 yea rs, w h ich g u aran tees d iv id e n d s a t 6 % on
$ 2 ,5 0 0 ,0 0 0 s t o c k (p a r $50) a n d p . & 1. o n b o n d s.
G u a ra n ty , V . 79, p . 216.
OGDEN GAS (CHICAGO).— See P e o p le ’s Gas L ig h t & C ok e C o.
OMAHA WATER CO.— O R G A N I Z A T I O N .— S u cce sso r In 1896 o f A m e r i­
can W a te r -W o r k s C o . o f Illin o is, p er plan In V . 62, p . L>85.
P referred s to ck s are s u b je c t to call a t p a r, d iv id e n d s p a y a b le a t F a rm ers’
L oa n & T ru s t C o ., N ew Y o r k .
In A p ril 1908 the A p p e lla te C ou rt held
v a lid th e app ra isal o f the p la n t at $ 6 ,2 6 3 ,2 9 5 u n d er th e o rd in a n ce o f 1903
a u th o r iz in g th e c it y t o p u rch ase, a n d th e case w ill be re vie w e d b y th e U . S.
S u p rem e C ou rt a t Its presen t te rm . O n M a y 4 1909 th e e le cto r s v o t e d
$ 6 ,5 0 0 ,0 0 0 b o n d s o r so m a n y as n eeded t o pu rch ase th e p la n t . See V . 86,
p . 921; V . 87, p . 170; V . 88, p . 1005, 1257.
D lv s . p a id o n 1st p r e f., 5 %
y e a r ly t o A u g. 1905 Incl.; none since t o J u ly 1909. O n 2d p r e f., 1 % 1899;
1900, 2 % ; 1001, 2 % ; 1902, 2 % ; 1903, 2 % .
Interest.
O utstanding.
Last d iv ., & c.
S ecu rities.
P a r.
N one.
C o m m o n s t o c k ___________ $50
F&A
$61 4,30 0
A u g . 10 ’ 0 5 , 2 )4
1st p r e f., 5 % n o n - c u m .- 50
F&A
858 ,0 0 0
A u g . 10 ’ 03, 1
2d p r e f., 5 % n o n - c u m .- 50
1,2 6 2 ,0 0 0
5 J &J
P rio r
lien
g o ld
5 s ,11,000
J u ly 1 1916
S u b je c t to call a t 1 0 5 % .
$ 1 ,5 0 0 ,0 0 0 ___________/
C on so lid a te d g o ld , $ 6 ,-1 1 ,0 0 0
J& J
3 ,5 4 3 ,0 0 0
1946
000 ,000
.
.
S u b je c t to call a t 1 0 5 % .
P r e s ., T h e o d o r e C. W o o d b u r y , N ew Y o r k ; S e c ., H o w a rd M ansfield, N ew
Y o r k ; T r e a s ., S to c k to n H c th , O m a h a, N e b .— (V . 8 8 , p . 1005, 1257.)
ONTARIO POWER CO.— O R G A N I Z A T I O N .— O rga n ized u n d e r sp ecial
ch a rte r o f C anadian P a rliam en t an d Is d e v e lo p in g p o w e r plan t o n C ana­
dian side o f N iagara Falls b e lo w H orsesh oe Falls; 78,0 0 0 h . p . Installed In
1909. T o ta l d e v e lo p m e n t to b e 200 ,000 h . p.
V . 84, p . 1490; V . 8 5 , p .
1522.
H as c o n tr a c te d to sell p o w e r to N iag ara L o c k p o r t & O n ta rio P ow er
C o.
V . 88, p . 1317; V . 8 9 , p . 352 . C o n tra cts w ith O n ta rio G o v t, and
m u n icip a litie s, V . 88, p . 297.
B O N D S .— T h e b o n d s ($ 1 2 ,0 0 0 ,0 0 0 a u th o riz e d Issue) are lim ited to
$ 5 ,4 9 0 ,0 0 0 fo r the first 78,000 h. p . T h e T o r o n t o G eneral T ru st C o r p o r a ­
tion Is m o rtg a ge tru stee. S inking fu n d , $1 p er h . p . so ld be g in n in g J u ly 1
1909.
B on ds are s u b je c t to call at 110 o n o r b e fo r e F e b . 2 1913. V . 8 0 , p.
1427; V . 82. p . 632; V . 8 5 , p . 226; V . 8 6 , p . 1413; V . 89, p . 532 . O n ta rio
T ran sm ission gu ar, b o n d s ($ 2 ,0 0 0 ,0 0 0 a u t h .), V . 8 2 , p . 395; V . 8 9 , p . 352 .
S T O C K .— S to c k O n tario P o w e r C o ., $ 5 ,0 0 0 ,0 0 0 a u th .; par, 510C. S t o c k ­
h olders w ere to v o te O c t . 30 1909 o n Increasing the s to c k fro m 5 5 ,0 0 3 ,0 0 0
to $10 ,0 0 0 ,0 0 0 a n d in crea sin g the c o m p a n y 's p la n t.
V . 89, p . 1071.
F o r 3 m os. e n d in g S e p t. 30 1909 (p a rtly e s t .) , ln cl. O n t. T ran s n ils., gross,
$15 9,88 8: n e t, $11 5,72 3; Int. o n b o n d s, $81,305; b a l., s u r ., $ 34 ,118 .
O F F I C E R S .— P r e s ., J . J. A lb rig h t: V .- P ., F ran cis V . G reen e; S ec. and
T r e a s ., R . C. B o a rd .
O ffice , N iagara Falls, O n tario: b r a n c h , F id e lity
B ld g ., B u llalo, N . Y . — (V . 89, p . 352 , 532, 667, 999 , 1071.)
OTIS ELEVATOR CO.— In co rp o ra te d N o v . 28 1898 u n d er the law s of
N ew Jersey and to o k o v e r a b o u t 13 pla n ts. S ee V . 71, p . 545; V . 74, p . 271;
V . 75, p . 552: V . 83, p. 441.
In ju n c tio n , V . 8 2 , p. 1326.
D iv id e n d s o n p r e f., J u ly 15 1899 to O ct. 1909, b o th In cl., 1 ) 4 % q u a r.
(6 % per a n n u m ).
O n c o m m o n , 1903 to 1906, In cl., 2 % y e a r ly (p a id
in A p ril); in 1907 to 1909, 3 % (A . & O . 15).
R e p o r t fo r y e a r e n d in g D e c. 31 1908, w ith ba la n ce sh e e t. In V . 88, p . 745 ,
sh o w e d net earnings o v e r Interest an d renew als, $83 2,77 3; d iv . o n p re f.
( 6 % ) , $37 8,37 5; d iv . o n c o m . ( 3 % ) , $19 1,25 9; ch a rged oir fo r d e p r e c ia tio n ,
$ 21 3,13 8; b a l., s u r ., $ 50 ,000 .
O ffice , 17 B a tte ry P la c e , N ew Y o r k .—
(V . 8 4 , p . 629, 6 9 1 ; V . 8 6 , p . 7 1 9 ; V . 88, p. 745.)
PACIFIC COAST COMPANY. THE.— T h is c o . co n tro ls the P a cific C oa st
S team sh ip C o m p a n y (o w n in g Its en tire ca p ita l s t o c k ), w hich o p e ra tes six
steam sh ip lines (22 steam ers) p ly in g a lo n g the en tire P a cific C oa st fro m
1 N o m e , A la sk a , to M e x ico . A ls o ow n s all the securities o f the C o lu m b ia &
P u ge t Sou n d R R . (sta n dard g a u g e ), S e a ttle to F ran k lin , W a s h ., & c., w ith
bra n ch es, 57 m iles; the P a cific Coast R y . (n arrow g a u g e ), P o r t San L u is,
! C a l., to Ix>s O liv o s, & c ., w ith bran ch es, 90 m iles; P a cific C oast C oal C o .,
. o w n in g F ran klin m in es, w ith 3,850 acres a t F ra n k lin , W a s h .: B la c k D ia ­
m o n d m in es, w ith 4,670 acres a t B lack D ia m o n d , W a s h .; N ew ca stle m in es,
w ith 2.52J acres at N ew castle, W a s h ., a n d S o u th Prairie m in e, w ith 1,140
acres a t B u rn e tt, W a s h .; a n d c o a l-h a n d lin g plan ts a t S e a ttle , San F ra n ­
cisco an d P o rtla n d , O re ., Ju n eau an d N o m e , A la s k a .
(V . 8 3 , p . 1048.)
D IV ID E xN D S .— S ince 1904.
1905. 1906. 1907. F e & .’ 0 9 . M a g ’0 9 . A u g . '0 9 . N o v . ' 0 9 .
6
6
C o m m o n ____% 5 )4
1
1
1
1 )4
5
5
1st p r e f_____ % 5
1 )4
1 )4
1 )4
1)4
6
6
2 d p r e f_______% 5)4
.
.
1
1
1
1 )4
A fte r 4 % o n s e co n d p referred a n d c o m m o n , these s to ck s share e q u a lly .
E A R N I N G S .— 2 m o s ., ( 1 9 0 9 ............... G ross, $ 1 ,557,369 ; n et, $431,714
J u ly 1 t o A u g. 3 1 .
1 19 08________ G ross,
1 ,1 7 3 ,1 0 6 ; n e t,
172,754
R E P O R T fo r y e a r e n d in g Jun e 30 1 9 0 9 , In V . 89, p . 1067, 1088,
sh ow ed gross o f steam sh ip s a n d colliers, $ 3 ,4 0 5 ,5 8 5 ; n e t, $22 0 ,8 4 9 ; rail
lin es, gross, $82 8,83 7; n e t, $29 4,98 1; c o a l d e p a rtm e n t, & c., gross, $ 2 ,3 3 6 ,­
085 ; n et, $44 3 ,6 5 9 . T o ta l results In 1908-09 w ere:
G ross e a rn in g s-------------------$ 6,580,507 In te re st o n b o n d s, & c______ $264,445
O p . e xp en ses a n d t a x e s . . 5 ,621,018 D ep re cia tio n , & c ____________
46,262
D iv . o n 1st pref. ( 5 % ) ____
76,250
N et e a rn in g s....................... $959,489 D iv . o n 2d p re f. ( 4 % ) ........... 160 ,000
O th er In co m e _____________
13,154 D iv . o n c o m m o n ( 4 % ) ------- 2 8 0 ,0 0 0
T o t a l n et In c o m e _______ $972,643
B a la n ce , su rp lu s---------------$145,683
F o r y e a r 1907-08, gross, $ 7 ,2 7 2 ,9 5 8 ; n e t, $ 1 ,0 5 2 ,3 3 2 .

IN T E R E S T

M IS C E L L A N E O US
F o r e x p la n a tio n

o f c o lu m n h ea d in g s ,
fir s t p a c e o f ta b les

& c ., s e e n o te s o n

O tis E le v a to r — S to c k c o m m o n $ 6 ,5 0 0 ,0 0 0 ------------------------------S to c k p referred 0 % n o n -c u m u la tlv e $ 6 ,5 0 0 ,0 0 0 _______ __
P a cific C o a s t C o — S to c k c o m m o n $ 7 ,0 0 0 ,0 0 0 (see t e x t ) ____
F irs t p referred s to c k $ 1 ,5 2 5 ,0 0 0 5 % n o n -c u m u la tlv e ____
S e c o n d p referred s to c k $ 4 ,0 0 0 ,0 0 0 4 % n o n -cu m (see t e x t ) .
F irst m o rtg a g e $ 5 ,0 0 0 ,0 0 0 g o l d . . . ------------------------------ M a .c '
P a cific T elep & T e le g — Su n set T e le p & T e le g first m o rtg a g e ,
ilo
do
con s m tge red b e g O ct 1913 a t 105 .0 1
P en n C & C— C ons 1st & c o ll tr M g s f (o th b d s see text)
P e n n s y lv a n ia C a nal— G en m tge $ 5 ,0 0 0 ,0 0 0 interest g u a r.
P e n n s y lv a n ia Steel C o— P ref s t o c k 7 % n o n -c u m $ 25 ,000 ,00 0

D a te
of
B onds

___
1897
1893
1899
1907
1906
1903
1870
—

B o n d s o f S u b s id ia r y C o m p a n ie s

O ld P en n sy lv a n ia S teel first m o rtg a g e c u r r e n c y _____ Q P .r 1887
M arylan d Steel first m ortg a g e c u r r e n c y -----------------------O P .r 1892
P en n -M a ry la n d Steel Co con s m tge $ 7 ,0 0 0 ,0 0 0 g o l d . . (iP .c * 1895
S p a n lsh -A m erica n Iron 1st M g o ld g u a r red t e x t . _ (iP .c * &r 1907
C ollateral tru st loa n C orn w all p ro p e rtie s s f redeem ( t e x t ) . 1902
P en n -M a ry C oal m ortg a g e g o ld gu a ra n te e d red. t e x ’ . . ( i p 1909
C ok e o v e n M d u e $15 0,00 0 y r ly call 102 H (V 8 0 ,p 1975) _ UP 1905
P e n n s y lv a n ia Steel ca r tru st b o n d s g o ld $25,000 y e a r ly ___ 1900
M a ryla n d S teel ca r tr b d s g $ 60 ,000 due y e a rly call 1 0 5 .. 1902
P e o p le ’ s G as L ig h t & C ok e (C h ic a g o )— S to c k $ 3 5 ,0 0 0 ,0 0 0 ..
F irst c o n s o lid a te d m ortg a g e fo r $10 ,0 0 0 ,0 0 0 g o l d ------ C e.c* 1893
C h ica g o G as L ig h t & C ok e first m o rtg age g o ld -----------F P .c 1887
C on su m ers’ G as first m tge g o ld (see V 66, p 4 7 2 )---------C e .c 1886
C a ke G as first m ortg a g e g o l d ---------------------------------- --------- . 1C 1885

S iz e , o r
Par
V a lu e

$100
100
100
100
1,000
1,000
500 &c
1,000
100
1,000
1,000
500 &c
1,000
l .000
t ,000
1 ,000
1,000
100
1,000
1,000
1,000
1,000

O F F I C E R S , & c.— C h airm an o f the B o a rd an d P re s ., H . W . C a nnon;
V . - P . an d G en . M gr., J . C. F o r d , S eattle: T r e a s ., Joh n K ean ; V .- P ., W . M.
B a rn u m : S ec. a n d A s s t. T r e a s ., C llilord C. F a y .
N . Y . o ffic e , 10 W all S t.
— ( V . 87, p . 1084, 1102; V . 89, p . 999, 106 7, 1088.)
PACIFIC /MAIL STEAMSHIP.— In N o v . 1900 the S ou th ern P a cific C o.
a cq u ire d $1 0 ,0 0 5 ,0 0 0 o f th e s to c k (V . 71. p . 101 5).
D I V I D E N D S .— 1896, 1 % ; in ’ 97. 2 % ; ’ 98, 2 J ^ % : ’ 99, 3 % ; n on e s in ce ,
surplus bein g in v ested in n ew vessels, & c. S to c k $ 2 0 ,0 0 0 ,0 0 0 , p a r $100.
R E P O R T .— R e p o rt fo r 1 90 8-0 9, V . 8 8 , p . 1371.
Y ea r ending A p r il 30.
1909.
1908
1907
1906.
S t e a m s h ip s _____________ $ 4 ,5 1 3 ,7 6 7
$4,138,531
$4,6 5 9 ,0 4 6 $5,5 1 2 ,9 1 7
C en t. A m . G o v . tr a n s p .
15,180
15,180
15,180
15,180
M is c e lla n e o u s - .......... ..
135,997
182,601
165,019
196,240
T o ta l e a r n in g s ................. $ 4 ,6 6 4 ,9 4 4
$ 4 ,3 3 6 ,3 1 2
$ 4 ,8 3 9 ,2 4 5 $ 5 ,724,337
N e t e a rn in g s ____________d f . $33 9,68 5 d f . $428,817
$130,404
$282,885
----------------------------, P res.: A le x . M illar, S e c .; W illia m M ahl, C o m p .: A . K .
V a n D e v e n te r, T r e a s ., 120 B r o a d w a y , N . Y . — (V . 88, p . 137 1, 1441.)

PACIFIC TELEPHONE & TELEGRAPH CO.— O R G A N I Z A T I O N .—
In c o r p o r a te d In C aliforn ia D e c. 31 1906 as an a m a lg a m a tio n o f the P a cific
S tates T ele p h o n e & T elegra p h C o ., S un set T e le p h o n e & T e le gra p h C o ., & c.
O perates " B e l l ” system o n P a cific co a s t. V . 84, p . 54, 163. S ta tion s in
use M ay l 1909, 359 ,5 6 6 .
S to c k , c o m m o n , $ 1 8 ,0 0 0 ,0 0 0 , all o u tsta n d in g ; p r e f., 6 % c u m . (also p re f.
as to a ssets), $ 3 2 ,0 0 0 ,0 0 0 a u t h ., o u ts ta n d in g $ 1 8 ,0 0 0 ,0 0 0 . A m e rica n
T e le p h . & T e le g . C o. in M ay 1909 o w n e d 5 9 .0 2 7 ,2 0 0 ea ch o f c o m . an d p re f.
P referred d iv id e n d s paid reg u la rly , 6 % per an n u m (Q .-J . 15).
B O N D S .— O f the " fir s t an d co lla te ra l tr u s t” 5s o f 1907 ($ 3 5 ,0 0 0 ,0 0 0
a u th orized issue; M ercantile T ru s t C o ., San F ra n cis co , tru s te e ), $3,0 0 0 ,0 0 0
are reserved to take up the Sun set T e le p h o n e & T e le gra p h C o. 5s an d 6s
w hich are b ein g red u ced b y sin kin g fu n d , o n re tirem en t o f w h ich th e y will
be secu red eith er d ir e ctly o r b y d e p o s it o f securities b y a first lien on the
entire sy s te m , a n d the $ 1 2 ,0 0 0 ,0 0 0 rem ain in g un issu ed, to g e th e r w ith a n y
n ot used to retire the Su n set b o n d s, m a y be used fo r e x te n sio n s, a d d itio n s ,
& c., up to 66 2 -3 % o f c o s t th e re o f.
S inking fu n d begin n in g 1913 will retire
a b o u t 3 0 % o f en tire a m o u n t b y m a tu r ity . V . 8 8 , p . 825
R E P O R T .— R e p o rt fo r ca le n d a r y e a r 1908, V . 88, p . 1557, sh o w e d :
G ross, $ 1 0 ,6 9 9 ,6 5 0 ; net o v e r Interest, & c., $ 1 ,7 7 5 ,4 7 1 ; p re f. d l v ., 6 % ,
$ 1 ,0 8 0 ,0 0 0 ; b a l., su r., $ 6 9 5 ,4 7 1 . — (V . 88, p. 1625; V . 89, p . 849.)
PENNSYLVANIA BEECH CREEK & EASTERN COAL CO.— O R ­
G A N I Z A T I O N .— In c o r p o r a te d in P e n n sy lv a n ia In 1906 w ith $ 5 ,0 0 0 ,0 0 0 o f
a u th o riz e d c a p ita l s to c k (o f w h ich $ 2 ,2 5 0 ,0 0 0 is o u ts ta n d in g , par $10 0 ).
H a d 9 9 9 -y ea r lease o f P en n . Coal & C ok e C o ., B eech C reek C oal & C oke and
a llied p rop erties (V . 84, p . 4 5 3 ), a n d so c o n tr o lle d a b o u t 106,000 acres o f
coa l lands a n d su rfa ce, c h lcllv in B lair. C a m b ria , C learfield an d Indiana
c ou n ties , P a .; collieries, railroad s, e le ctr ic ligh t co m p a n ie s , & c
P roperties
o f P en n . Coal & C ok e C o. Include s to c k s o f W e b s te r Coal & C ok e C o.
(V 72 p 884; V . 77, p . 513.)
B eech Creek C oal & C oke C o. (V . 72,
D 582; V . 78, p. 1910; V . 7 9 , p . 170 6), & c. See also V . 77, p . 2102: V . 79,
p 1335. C on tra cts w ith N . Y . C e n t., V . 7 7 , p . 2098; V . 79, p. 1335, 1435.
T h e P en n sy lv a n ia B eech Creek & E astern Coal C o. h a vin g d e fa u lte d in
p a y m e n t o f the rental to the P e n n sylva n ia Coal & C ok e C o ., T h o m a s II.
W atk in s w as on A u g . 15 1908 a p p o in te d r e ce iv e r o f the latter.
R e c e iv e r ’s
6 % 2 -y ea r certificates a u th . $ 1 ,2 5 0 ,0 0 0 , d a te d O ct. 1 1908, to rank ahead
o f the P en n . Coal * C oke co n s o l. 1st a n d co ll, trust b o n d s to m e e t h it. on u n ­
d e rly in g b o n d s, taxes, & c., o f w hich $ 1 ,2 4 7 ,0 0 0 has been s o ld .
V . 87, p .
483 , 1162.
I n t. o n all u n d e rly in g b o n d s paid to J u ly 1909.
C om m ittee fo r P en n . Coal & C oke Con sol. 1st * Collat. Trust 5s.— A le x a n d e r
J. H em p h ill, S e c .; G u a ra n ty T r . C o ., N . Y . d e p o s ita r y .
In M ay 1909 m a­
jo r it y d e p o s ite d .
V . 87, p . 483: V . 8 8 , p . 1257.
S ecu rities o f Operat ing C o s .— D ate.
Interest
Outstanding.
When D u e.
P e n n . C. & C. C o. c o m . s t k . ........
.............
$3,8 9 3 ,0 0 0
------------------P r e f. s to c k 6 % n o n - c u m . ----------------3 ,7 6 8 ,0 0 0
------------ W e b s te r C. & C. 1st c o n . M . 1902
5 g M -S
3 ,0 0 0 ,0 0 0
M arch 1942
P en n . C. & C. 1st M ., S e r .A , 1 1902
5 g J-J
1,200,000
J u ly 1 1932
g ., red. 105, s. f ., 3 c . t o n . j l n t . a t C om m ercia l T rust C o ., P h lla ., tru stee.
C on sol. 1st & c o ll, trust M . .
S ee table a b o v e .
Chest C reek L a nd & I m p .1 1898
4 A -O
216,000
O ct. 1 1924
1st M _ ______________ K /T o be retired $12 ,000 y e a rly .
5 g J -D
2 ,7 8 4 ,0 0 0
June 1 1944
B eech Cr. C. & C. 1st M ..11904
$ 3 ,0 0 0 ,0 0 0 g ., g u . p . & D i n t , a t K n ic k e r b o c k e r T ru st C o .. N . Y .,tr u s t e e
e n d ., red . ($ 1,000 each ) I Sin k , fund 3 c. per ton ; m in im u m , $75,000
(V . 8 0 , p . 1 3 6 4 ).............c ’ J y e a rly : V . 78, p. 1910; V . 79, p . 1706.
B O N D S .— T h e sink, fu n d 5s o f 1906 w ill m ature o n O ct. 1 y e a r ly , b e g in ­
n ing 1911, v iz .; 1911 to 1920, $50 ,000 y e a rly ; 1921 to 1945, $100,000 y e a rly .
V . 8 3 , p. 441: V . 84, p . 453. Car trusts $ 4 3 2 ,0 0 0 . S cra n to n T ru st C o.
Is trustee o f co n s o l, m tg e .; V . 77, p . 2102; V . 82, p . 284.
E A R N I N G S .— G ross earnings o f P e n n sylva n ia Coal & C ok e C o. have
been a b o u t $ 8 ,0 0 0 ,0 0 0 y e a r ly .
V . 87, p. 483.
P r e s ., Jam es K err; V .- P . , T . H . W atk in s; S e c. an d T r e a s ., A . G . E d ­
w ards. O ffic e , 17 B a tte ry P la c e .— (V . 87, p. 48 3 , 1162.)
P E N N S Y L V A N IA S T E E L C O .— C h artered In N . J . o n A p ril 29 1901 an d
a cq u ire d per plan In V . 72, p . 46, 91, a lm o st en tire $ 6 ,5 0 0 ,0 0 0 s to c k o f P en n,
c o m p a n y o f sam e nam e an d en tire s to c k o f M aryland S teel C o. T h u s c o n ­
trols plants a t S te e lto n , P a ., an d Spa rrow s P o in t, A id., Incl. blast fu rnaces,
ann ual c a p a c ity 850 ,000 tons pig iron , tw o B essem er pla n ts, c a p a c ity 8 0 0 ,­
000 ton s, an d on e op e n -h e a rth p la n t, c a p a c ity 350 ,0 0 0 tons o f Ingots, tw o
rail m ills, c a p a c ity 640 ,000 to n s, a sh ip b u ild in g an d a b r id g e -b u ild in g plant
(n ew p la n t V . 77, p . 7 7 3 ), a c o m p le te fro g an d s w ltc h -b u lld ln g p la n t, & c.
O w ns the en tire $ 2,400,000 s to c k o f the S p a n lsh -A m erica n Iron C o .,
sh ip p in g fro m 400,000 to 500,000 tons o f o re a n n u a lly , an d o w n in g a b o u t
5.000 acres o f land near S a n tia g o , C u ba; also an e x te n siv e p r o p e r ty o f a b o u t
2 8 .000 acres on n orth coa s t o f C u ba near N Ipe B a y , In p rocess o f d e v e lo p ­
m en t (V . 62, p . 776: V . 71. p . 393; V . 76, p . 917; V . 77, p . 1229; V . 78,
p . 1495: V . 8 5 , p . 226, 288, 472; V . 86, p. 425 , 484; V . 87, p. 100.)
H as also p u rch ased a m a jo rity Interest in the C ornw all O re B anks C o .,
L e b a n o n C o ., P a ., the L eb an on F u rn aces, L e b a n o n , P a ., anil $54 0,00 0 o f
th e $ 8 0 0,00 0 s to c k o f the C ornw all & L e b . R R .
V . 75, p. 345 , 397; V . 72,
p . 1241, 1283; V . 73, p. 1364; V . 74, p. 1312; V . 84, p . 111. O w ns PennM ary Coal C o ., w ith 16,000 acres o f coal In In d ia n a C o ., P a . V . 8 2 , p. 1100.
S T O C K .— C om m on s to c k a u th o riz e d , $25 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 1 0 ,7 5 0 ,­
000 (p a r $ 1 0 0 ). P r eferred , see table a b o v e .
V. 72, p. 1241.
In Jun e 1901 P en n sylva n ia R R . an d a ffilia te d roads pu rch ased $ 10 ,000 ,
000 ea ch o f c o m m o n and preferred s to c k .
V . 72. p. 678; V . 79, p . 1269.
D I V I D E N D S .— O n p ref. s t o c k N o v . 1 1901 to N o v 1909, ln c l., 7 % y e a rly .
B O N D S .— C on solid a led join t mortgage co v e rs the plants a t S te e lto n , Pa ,




A m ount
O u tsta n d in g

$ 6 ,3 7 5 ,3 0 0
6,3 1 0 ,0 0 0
7 ,0 0 0 ,0 0 0
1,5 2 5 ,0 0 0
4 ,0 0 0 ,0 0 0
5 ,0 0 0 ,0 0 0
295 ,500
2 ,250,000
20,0 0 0 ,0 0 0
3 ,0 0 0 ,0 0 0
5 ,660,000
1 ,948,000
1 6,500,000

R a te

%

W h en
P a y a b le

W h ere P a y a b le , a n d b y
W hom

3 1 1 1909. A
1
& o O ffice 17 B a tte r y P I, N Y
0
do
do
Q —J
C h ecks fro m C o ’s o ffic e
See te x t
Q— F
do
do •
5 in 1909
0—F
do
do
See text
O— F
& D M an h a ttan T ru st C o , N Y
J
5 g
6
J
&
J W e lls -F , N e v N B k , S Fr
5
A
& O O ld C ol T r C o ,B o s o r S Fr
J
<c .1 U S M tge & T r ,N Y ;& S Fr
S
5 g
A
& O O ct 1908 c o u p o n n o t paid
5 g
M & s S e p t ’ 08 c o u p o n n o t paid
5 g
6
&
.1 B road St S ta tio n , P h lla
7 in 1909 M & N C h ecks m ailed

5
1,000,000
2,0 0 0 ,0 0 0
5
4 ,0 0 0 ,0 0 0
6 g
4 ,7 9 4 ,0 0 0
5 g
6 ,6 0 0 ,0 0 0
5 g
2,0 0 0 ,0 0 0
5 g
750 ,000
U Sg
25,000
5 g
180,000
5 g
3 5 ,0 0 0 ,0 0 0 See te x t
4 ,9 0 0 ,0 0 0
6 g
10,000,000
5 g
4 ,2 4 6 ,0 0 0
5 g
300 ,000
0 g

.1

M &
F
&
M &
J
&
&
A
A &
.1
&
J
&
.)
&
Q—
A &
J
&
&
J
J
&

N P h ilad elp h ia o ffic e
do
A
S G irard T ru s t C o, P h ila
J P h iladelph ia
O O ffic e , P h ilad elp h ia
()
D O ffice , P h iladelph ia
J
do
do
J G irard T ru st C o, Phlla
L a w yers’ T & T C o, N Y
O C entral T ru st C o, N Y
J C ent T r N Y ; & C h icago
D
do
do
J III T r & Sav B k , C h icago

B o n d s— P r in c i­
p a l, W h en D u e
S to ck s— L a st
D iv id e n d

O ct 15 ’ 09 1 M %
O ct 15 ’ 09 1 H %
N o v 1 ’ 09 1 % %
N o v 1 ’ 09 1 K %
N o v 1 ’ 09 1 H %
Jun e 1 1946
J u ly 1 1913
O ct 1 1929
Jan 2 1937
O ct 1911-1945
S ep t 1 1953
J u ly 1 1910
N o v 1 ’09 3 M %
N o v 1 1917
F e b 1 1922
S e p t 1 1925
J u ly 1 1927
O ct 1 1932
A p r 1 1939
T o Ju n e 1 1915
J u ly l 1910
J u ly 1 191 0-1 2
N o v 26 09 1 Vx%
A p r 1 1943
J u ly l 1937
D ec 1 1936
J u ly 1 191.1

an d Sparrow s P o in t, M il., an d all o f the $ 1 ,0 0 0 ,0 0 0 s to c k o f the M aryland
S teel C o .; $3,0 0 0 ,0 0 0 are reserved to retire the prior liens.
O f the co lla te ra l trust 5s o f 1902, n o t less than $100,000 nor m ore tnan
$50 0,00 0 m ay be ca lle d , a t 105, at a n y Interest p eriod ; sin k in g fu n d o f 50
ce n ts p er ton o f o re m in e d , b u t n o t less than $150,000 y e a r ly . V . 74, p . 1312.
T h e S p a n lsh -A m e rica n Iron C o. 6s o f 1907 (o rigin a lly $ 5 ,0 0 0 ,0 0 0 , all
Issued) are g u a ra n te e d , prln . & in t., b y en d o rse m e n t; th e y are callab le In
w h o le o r in part a t 102 M o r fo r a sin k, fund o f 30 cen ts p er ton at par and Int.
V . 85, I). 287, 350 , 867; V. 86, p . 1157; V . 88, p . 629, 1195. In A p ril 1909
$ 2 ,0 0 0 ,0 0 0 P en n -M a ry 5 % b o n d s, gu ar. prln. & In t., w ere s o ld .
B on ds
are red eem able o n a n d a fte r A pril 1 1910 fo r sin k in g fu n d a t 101 a n d a t
102 K o u t o f o th e r m o n e y s .
V . 88, p . 1134, 1195; V . 89, p . 475.
R E P O R T f o r ca le n d a r y e a r 1908, in V . 88, p . 1194, s h o w e d : E arnings
o f o p e ra tin g c o m p a n ie s o v e r charges and d e p r e c ia tio n , $ 1 ,2 6 0 ,8 5 4 , again st
$ 2 ,3 8 1 ,0 9 0 In 1907; to ta l re ce ip ts o f P en n . C o ., $1 ,0 5 7 ,4 3 5 ; b a l., ilc f., a fte r
e xp en ses ($30,954) an d 7 % d lv . o n p r e f. (ln cl. 3 'A % paid M ay 190 9),
$ 12 8,51 9.
O ffic e , P h ila d elp h ia : N . Y . o ffic e , 71 B ’ w a y .— (V . 8 8 , p. 1194.)
P E O P L E ’ S G A S L IG H T & C O K E (C H IC A G O ).— A n a b s o lu te c o n s o lid a ­
tion on A u g . 2 1897 o f the co m p a n ie s fo rm in g the o ld C h icago Gas T ru st,
V . 64, p. 1088: V . 65, p . 235.
In F e b . 1907 tile O gden Gas C o. and the
U niversal Gas C o. w ere leased fo r a b o u t 34 yea rs, the O gden C o .’s $6,0 0 0 ,0 0 0
b o n d s and o th e r d e b ts be in g g u a ra n te e d . V . 84, p . 394; V . 78, p. 1785;
V . 72, p . 244, 91. A s to N o rth w e ste rn Gas L ig h t & C ok e C o ., see th at c o .
P R O P E R T Y .— In serv ice J a n u a ry 1909: S tre e t m ains, 2,366 m iles;
m eters, 469 ,084 ; p u b lic lam ps, 21,085; V . 78, p. 1501. S ee V . 66, p . 382 .
T h e price o f gas has b e e n fixed a t 85 cen ts p er 1,000 c u b ic f t. fo r 5 years
fro m F e b . 1 1906. T h e 7 5 -c e n t gas o rd in a n ce o f O ct. 1900 w as re p e a le d ,
w ith o u t p re ju d ice to th e c it y ’s rig h t to m ain tain Its v a lid ity In the M ills
suit (V . 78, p. 346: V . 82, p. 574; V . 8 4 , p . 3 4 2 ), th e low er c o u r t h a v in g d e ­
cla red It Illegal. T h e U . S. S u p rem e C ou rt a ffirm e d the d ecision o f the low er
co u rt In the Mills case. S ee o rd in a n ce at len gth , V . 82, p . 574.
S T O C K .— In 1909 $ 2 ,0 3 0 ,9 0 0 s to c k w as sold a t p a r, p a y a b le M ch . 31
1909, raising a m o u n t o u t . to $ 3 5 ,0 0 0 ,0 0 0 .
V . 88, p . 454 , 689.
D IV S — 1
1903.
’ 94. ’ 95. ’ 96. ’ 97 to N o v . ’ 05. ’ 06. ’ 07. ’ 08. ’ 09.
P er c e n t - - j 4 43 (143 sc.)
6 2 4S l 43
6 y e a r ly
5
6
6 B elow
In 1909, F e b ., 1 4 3 % : M ay, 1 4 4 % : A u g ., 1 4 4 % : N o v ., 1 4 4 % .
B O N D S , & c.— O f the $ 40 ,000 ,00 0 Issue o f 1897 $2 9 ,0 4 6 ,0 0 0 b o n d s
w ere reserved to retire p rio r b o n d s, o f w hich $ 9 ,6 0 0 ,0 0 0 has been Issued.
T h e ba la n ce ($ 1 0 ,9 5 4 ,0 0 0 ), o f w hich $ 2 ,8 0 0 ,0 0 0 has be e n s o ld , w as Issuable
fo r a d d itio n a l p r o p e r ty , Im p rovem en ts o r b e tte rm e n ts .
V . 65, p . 572;
V . 79, p. 155; V . 84, p. 1555. G uaran tees p. & I., I n d . N a t. Gas & Oil ref.
5s ($ 6 ,0 0 0 ,0 0 0 ).
S ee V . 84, p. 388, 1430; V. 8 3 , p . 1293; V. 88, p . 1317,
1433; fo rm , V . 87, p. 1302.
R E P O R T .— R e p o rt fo r y e a r e n d in g D e c. 31 1908 In V . 88, p . 450.
Y ears ending D ec . 31—
1908.
1907.
1906.
$1 3 ,7 3 8 ,9 7 0 $ 13 ,146 ,36 8 $ 11 ,680 ,04 4
G ross in c o m e -------------------------N et o v e r o p e ra tin g e x p e n s e s __________
5 ,5 1 6 ,3 4 5
5,1 7 2 ,7 4 2
4 ,892,741
1 ,884,300
1,8 1 0 ,5 5 0
1,819,300
In terest o n b o n d s ______________________
D e p r e c ia t io n ................
876 ,351
8 43 ,409
782 ,220
B a lan ce fo r s t o c k .................................. $2,7 5 5 ,6 9 4
$ 2 ,5 1 8 ,7 8 3
$2,291,221
D ivid en d s ___________________________ (6 )1 ,9 7 8 ,1 4 6 (6 )1 ,9 7 8 ,1 4 6 (5 )1 ,6 4 8 ,4 5 5
D I R E C T O R S .— C. K . G . Billings (C h a irm a n ), G e o . O . K n a p p (P r e s .),
A . N . B rady ( V . - P .) , W a lto n F ergu son , E. G . C o w d e r y , J. F . M eagh er and
W . P. M artin ( V .-P s .) , W . S. M cC rca (T r e a s .), L . A . W ile y (S e c .), W . M.
Floolc (A sst. S e c .).
O ffic e , 54 W all S t ., N . Y . — (V . 8 8 , p. 1317, 1441.)
P H I L A D E L P H I A C O .— S ee P itts b u rg h , in " E le c t r ic R y . ” S e ctio n .
P H I L A D E L P H I A E L E C T R IC C O .— O R G A N I Z A T I O N .— In c o r p o r a te d
In N . J. o n O ct. 5 1899. C on trols all e le ctr ic -lig h t p ro p e rtie s o f P h lla ., also In
W est Phlla. an d Chester.
V . 73, p. 496, 680; V . 74, p. 1249: V . 86, p. 977.
S T O C K .— A u th ., $2 5 ,0 0 0 ,0 0 0 (o f w h ich $12 ,2 5 0 In tre a s u ry ); $13 50
(5 4 % ) per $25 share paid In, In clu din g $2 25 paid M arch 1908 and $1 25
Ju n e 1 1908, a $1 s to c k d iv id e n d paid M arch 2 b e in g a p p lic a b le o n a c c o u n t
o f the earlier p a y m e n t.
V . 86, p . 288.
.
D i v i d e n d s . — June 1902 to Ju n e 1908, ln c l., 5 % y e a r ly on a m o u n ts paid
In, a n d $1 " s t o c k ” d lv . o n M arch 2 1908: D e c., 3 % ; 1909, Ju n e, 3 % ; S e p t .,
i ! 4 % : divid en d s h e re a fte r to be q u a rte r ly . V . 8 8 , p. 1317.
B O N D S .— C ollateral trust 4 % 5 0 -ye a r ce rtifica te s , d a te d 1899, $ 1 4 ,9 8 2 ,­
200, w ere used to pu rch ase $1 4 ,9 9 4 ,1 0 0 o f the $1 5 ,0 0 0 ,0 0 0 P en n . M fg.
L. & P. s to c k ($ 1 ,5 0 0 ,0 0 0 paid in) an d all the $ 1 7 ,5 0 0 ,0 0 0 N a t. E le c ,
s to c k ($ 4 ,3 7 5 ,0 0 0 paid in ), the b a la n ce to be retain ed to a c q u ir e o th e r
e le ctric properties In P h iladelph ia an d a d ja c e n t co u n tie s . S ee V . 69, p .
797 and o fficia l circu la r p a ge 853 an d o ffic ia l s ta te m e n t V . 74, p . 1249.
U n d er a greem en t o f O ct. 12 1899, $ 2 ,0 0 0 ,0 0 0 o ld P h lla . E le ctric certifi­
ca te s w ere p u rch a sed , re d u cin g the a m o u n t o u ts ta n d in g to $ 1 1 ,2 6 8 ,0 6 0 .
V . 70. p. 331.
In A u g . 1900 pu rch ased $ 2 ,0 0 0 ,0 0 0 fo u r s , th e sam e b ein g
held a vailable as co llateral fo r loan s.
V. 74, p. 215.
R E P O R T .— Y e a r e n d in g D ec. 31 1908, w ith ba la n ce s h e e t, In V . 8 8 , p .
998, sh o w e d : T o ta l gross In co m e , $ 5 ,2 4 4 ,9 6 4 ; o p e r a tin g e x p . an d ch arges,
$4 ,2 8 5 ,3 0 1 ; d iv id e n d s ( 5 H % ) . $71 1,069; b a la n ce , su rplu s, $ 24 8,59 4.
P res., Joseph B. M cCall; S e c ., A . V . R . Coe; T r e a s ., W m . I’ . C o n o v e r J r .,
O ffice , 10th and S an som S ts ., P h lla ., P a .— (V . 88, p . 1317; V. 89, p. 41 5 .)
P IT T S B U R G H C O A L C O .— (" R a il C oal C o n s o lid a tio n .” ) — O R G A N I ­
Z A T I O N .— In c o r p o r a te d in N . J . In S e p t. 1899.
O w ns a b o u t 150 coa l
m ines an d 160,000 acres o f coa l lands In o r w ith in a radius o f 40 m iles o f
P itts b u r g h , t o g e th e r w ith so m e 5,000 co a l cars o p e r a tin g o v e r railroads
ra d ia tin g fro m P ittsb u rg h .
In Jan . 1902 leased S haw Coal C o. V . 74, p .
376 . S ee V . 78, p . 765, 1449.
In 1903 w ere pu rch ased $ 15 ,000 ,00 0 o f the $ 2 0 ,0 0 0 ,0 0 0 co m m o n an d
$ 2 ,5 0 0 ,0 0 0 o f the $1 0 ,0 0 0 ,0 0 0 preferred s to c k o f the M o n on gah ela R iv e r
C o n so lid a te d C oal & C ok e C o. a t $15 an d $45 (o f w h ich $36 .25 had been
paid In Ja . 1909) p er $50 share, re s p e c tiv e ly .
P a y m e n t was m ad e fo r
the c o m m o n In n o n -in te re st-b e a rin g n otes paid o n e -th ln l N o v . 3 y e a r ly
fo r th ree yea rs, an d fo r the preferred Is be in g m ade In sem i­
ann u al Installm ents, begu n Jan . 20 1904, e q u a l to 6 cen ts per ton o f coa l
m in ed fro m the M on on gah ela pro p e rtie s.
A p p lic a tio n to list, sh o w in g p r o p ., s t o c k , rig h ts, & c. V . 8 0 , p . 1919.
B O N D S .— T h e $25 ,0 0 0 ,0 0 0 first and c o lla t. 5s o f 1904 Issued b y th e
P ittsb u rg h Coal C o. o f P en n , are g u a ra n te e d , p rin cip a l a n d In terest, b y
the P ittsbu rgh Coal C o . T h e y are a first lien o n 160,000 a cres o f co a l lands
and 13,000 acres o f su rfa ce , and b y co lla te ra l trust o n 7,0 0 0 acres o f H o c k ­
ing V a lle y coal and 8,4 0 0 acres o f P ittsb u rg h co a l held u n d er leases and
d e p o s it o f all secu rities o w n e d . S in k in g fu n d o f 5 cen ts a ton o n r u n -ofm in c c o a l, w ith a y e a r ly m in im u m o f $ 60 0,00 0. C o u p o n b o n d s o r registered
b o n d s Issued In e x c h a n g e th e re fo r are to be ca lle d first (at 110) In n u m eri­
cal o rd e r, b e gin n in g w ith the low est n u m b e r. S e c V . 78, p . 1965; V . 86,
p. 1919: V . 86, p. 424. T o Jan . I 1909 $ 4 ,3 9 8 ,0 0 0 o f b o n d s w as a cq u ire d
b y sin kin g fund an d ca n c e le d . V . 82, p. 389; V . 8 3 , p. 327; V . 88, p . 683.

M I S C E L L A N E O US
F o r explanation of colum n headings, & c ., sec notes on
first page o f tables.

People’ s Oas (Cliic)— (C o n )— Ref M 510,000.000 g -_ _ F .c * & i

Mutual Fuel (las first mortgage assumed .............. ...................
Calumet (las llrst mortgage assu m ed-------------------------------- - ­
Indiana Natural Gas & Oil ref intgc 50,000,000 gold guar.Ce
Ogden Gas first mortgage 50,000,000 guar prln & int-------F
Philadelphia Electric — Stock 513 50 per share paid In (see text)
Phlla Electric trust certificates gold 517,500,000 (see text)
Edison Electric trust certs gold (Edison stock as coll) --F P
Old Phlla Electric trust certs (Penn II L & P stock as coll)
Pittsburgh Coal— Common stock 5 3 2 ,0 0 0 ,0 0 0 ........ ................ ..
Preferred stock 7 % cumulative 5 3 2 ,0 0 0 ,0 0 0 -----------------------P C of Pa 1st and coll tr mtge g gu red 110 s f — U Pi.c*& r
Pope Manufacturing — Preferred stock 6 % cum $ 2 ,5 0 0 ,0 0 0 -.

Pressed Steel Car C o— Stock com m on 512,500,000------------G
Preferred stock (as to assets) 7% non-cum S12.500.000--G
First mortgage gold notes redeemable at par---------------Alo.c*

I N T E R E S T OR D I V I D E N D S
D ale
of
B onds
1897
1897
1892
1906
1900
1899
1896
1898
1904

1901

Procter & Gamble — Common stock 5 1 0 ,5 0 0 ,0 0 0 ------------------ -Pref stock (8 % cum) (See terms In editorial May '93 Supp)
Provident Loan Society — Bonds (not mtge) red 102 H (text)
Pullman Com pany — Stock 5 1 0 0 ,0 0 0 ,0 0 0 ---------------------------------Quaker Oats — Common stock 5 4 ,5 0 0 ,0 0 0 ------------------ ---------Preferred stock 6 % cumulative 5 9 ,0 0 0 ,0 0 0 --------------------------Railway Steel Spring Co— Common $ 1 3 , 5 0 0 ,0 0 0 .- - - - ----------Preferred (as to assets) 7 % cumulative 5 1 3 , 5 0 0 ,0 0 0 - - - - - Flrst mortgage on Latrobe plant gold red 105 s f ---------S.c
Republic Iron & Steel— Common stock 530,000,000
"Preferred 7 % (also assets) cu m (V 09, p 850) 525 ,0 0 0 ,0 0 0
First & c oll tr m tge 5 1 0 ,0 0 0 ,0 0 0 g red 105 s f ( t e x t ) -------c

1901

1906
1904

S iz e, or
Par
V a lu e

$ 1,000 $ 1 2 ,4 0 0 ,0 0 0
1,000
5 ,0 0 0 ,0 0 0
250,000
1,000
1,000
6 , 000,000
6 , 000,000
1,000
25 2 4 .9 8 7 ,7 5 0
15,0 1 4 ,1 4 2
1,9 9 4 ,3 0 0
100 &c
1,000 11,2 6 8 ,0 6 0
100 2 8 ,1 0 4 ,6 0 0
100 2 7 ,0 7 1 ,8 0 0
1,000 &c 2 0 ,6 0 2 ,0 0 0
100 See te x t
100 12,5 0 0 ,0 0 0
100 1 2,500,000
1,000
500,000
100 1 0,500,000
2 ,2 5 0 ,0 0 0
100
500 A c
2 , 000,000
100 10 0 , 000,000
100
4 ,4 8 7 ,2 0 0
100
8 ,5 3 2 ,9 0 0
100 1 3 ,5 0 0 ,0 0 0
100 13,5 0 0 ,0 0 0
1,000
4 ,0 8 3 ,0 0 0
100 2 7 ,1 9 1 ,0 0 0
100
2 ,5 0 0 ,0 0 0
1,000
8 ,0 9 4 .0 0 0

BONDED
B on d s-

D E B T O F S U B S I D I A R Y A N D C O N S T I T U E N T CO S.
Interest. Outstanding.
M a tu r ity .
5 7 9 4,00 0
M ay 1 1 9 2 3
--J O
A u g . 1910-23
an d 1922.
0 Ja n . 1909-14
i mpe'rlal ^ oa l* C o _ - - -V - T - I - - - - - - r ® M & N
25.000
M ay 1910
M ansfield C oal & C ok e 1st M ., g u ar.16 .\ & 0
« 0 ,0 ° 0
°p Y ttih P a

Oh'io coTco810’00°_yUry:;;;;;;

f & Co1°%T,000Co-* Jan .
a
o6o f T
& M oon R u n R R .......... ......... 6 J& J
100
5

im

P ittsb u rgh
1912
MYirtc/ipes
____________________________ ______
5 34,UUo
- - - ------------ Car trust g old 552 ,000 d u e s .- a ---------- 4 H g M & N 520,000 T o M ay 1915
D I V I D E N D S .— O n p r e f., 1900 to O ct. 1903, 7 % y e a r ly In cash : o n
Jan . 25 1904, 1 H % In scrip (paid o ff N o v . 25 190 4); sin ce to A p ril 1905,
in clu siv e, 1 H % , q u a rterly ; n o n e later to O c t . 1909. V . 81, p . 269.
E A R N I N G S .— F o r 6 m o n th s e n d in g Jun e 30;
B a la n ce,
D ep letion
D ep reciation
B ond
S ix
Net
D eficit.
o f Lands.
Charges.
Interest.
M o s .—
E a rn in g s.
$265,996
5257,034
$464,014
$509,632
1909 ................$964,684
3 9 3 ,6 3 0
219,809
517,243
524 ,647
1908 ________ 868,069
R E P O R T .— R e p o rt fo r y e a r e n d in g D e c. 31 1908 In V . 88 , p. 683, sh o w e d
net profits, a fte r d e d u ctin g e xp en ses an d all losses, 53 ,0 2 4 ,9 2 1 ; r o y a lty and
d ep r e c ia tio n , 51 ,5 1 6 ,4 0 8 : Interest o n b o n d s, $ 1 ,0 4 2 ,7 9 7 ; sp ecial a d ju s t ­
m en ts, $43 3,28 4; b a la n c e , su rplu s, $32,432.
D I R E C T O R S .— M . H . T a y lo r (C hairm an an d P r e s .), W ., It. W o o d fo r d
( V .- P .) , A . W . M ellon , ( ie o . T . O liver, H . R . R e a , Joh n A . B ell, Jam es H .
final Joh n I B ishop, H arry B ron n er, A n d rew J. M iller, C. M. U n derh ill,
G ra n t B . S c h le y , D°. L . G illesp ie, C. E . W ales, J . D en n lston L y o n , W illia m
F lvn n J C. D ysart an d Jam es B. Ila ln e s Jr. T reasu rer Is F . M. W a lla ce ;
S e c ., F . J. Le M oyn e, 232 F ifth A v c ., P ittsb u rg h .
V . 82, p . 6 9 6 .— (V . 86 ,
p. 232, 42 4 , 665, 725; V . 87, p. 291; V . 88 , p . 682, 690.)
POCAHONTAS COAL & COKE.— Se c N o r fo lk & W e ste rn R y .

POCAHONTAS CONSOLIDATED COLLIERIES C O — V. 88, p. 1257.
POPE MFG. CO.— O R G A N I Z A T I O N .— I n c o r p . In C o n n e cticu t D e c. 12
1908 as su ccessor o f N . J. c o ., sold p e r plan V . 87, p . 35 0 , 1360. T h e n ew
c o . w ill ow n o n ly the H a rtfo rd (C on n .) and W e stfie ld (M ass.) p lants.
S E C U R I T I E S .— S to c k , au th o riz e d issues, $ 4 ,0 0 0 ,0 0 0 c o m m o n an d $ 2 ,­
500 ,000 6 % c u m . p ref. s to c k in $100 shares. T h e $800,000 6 % m tg e .
n otes w ere draw n fo r p a y m e n t a t p a r, on e -th ird o n Jail. 2 1909 an d th e re­
m ain in g tw o-th ird s on J u ly 1 1909.
Of the p re f. s t o c k , $30 1,79 7 and
530 9,19 2 c o m . s to c k to rem ain In the treasu ry.
D I V I D E N D S .— O n p r e f. s t o c k , 6 % In full fo r a ccu m u la te d d ivid e n d s
paid S e p t. 30 1909; I H % (qu ar.) pa ya b le N o v . 1 1909.
R E P O R T fo r 7 K m o s. e n d in g J u ly 31 1909 In V . 89, p . 915, sh o w e d
t o t . net in c ., $52 0,84 5; Int. a n d m lsc. d ls b ’ ts, $ 37 ,978 ; b a l., s u r ., $48 2 ,8 6 7 .
D I R E C T O R S .— H arry B ronn er, F re d . II. E c k e r a n d A u gu stu s H cck sch e r;
L ew is II. F r e e d m a n , F . S . S m lth e rs, A . W . P o p e , C o lga te H o y t , A . L .
P o p e an d M ilton F ergu son .
M ain o ffic e , H a r tfo r d , C o n n . N . Y . o ffic e ,
21 Park R o w .— (V . 88 , p . 1376; V . 89, p. 596, 781, 849 , 91 5 .)
PRESSED STEEL CAR CO.— O R G A N I Z A T I O N .— In c o r p o r a te d In
N ew Jersey o n Jan . 13 1899 as a c o n s o lid a tio n o f the S ch o e n an d F o x pressed
steel eq u ip m e n t co m p a n ie s . T h e c o m p a n y has plan ts a t A lle g h e n y , P a .,
an d M cK ees R o c k , P a ., w ith a c a p a c ity o f 150 fre ig h t cars p e r d a y , and
passenger ca r sh ops h a ve a c a p a c ity o f 750 ste a m o r s tr e e t ra ilw a y cars p er
a n n u m . A lso con trols (1) W estern S te e l Car & F o u n d r y C o. (V . 74, p . 991,
835 , 729; V . 80, p. 169 ), w h ich has plants a t B u rn h am , 111., near C h ica g o ,
and A n n is ton , A la .; (2) C anada Car C o ., L td . (V . 79, p. 2459, 2 7 4 0 ), w ith
plan t a t M ontreal h a v in g a c a p a c ity o f 6,000 fre ig h t an d 150 passenger cars
p er an n u m ; (3) P en n sy lv a n ia Car W h e e l C o ., w ith fo u n d rie s a t A lle g h e n y ,
P a ., w ith a c a p a c ity o f 250,000 ca r w heels per a n n u m : (4) also the Cen tral
Car W h eel C o. a n d the P e n n sylva n ia M alleable C o. (V . 84, p . 447 .)
D I V I D E N D S .—
11899
1900 1901
1002
1903
1904
T o O c t '09
C o m m o n , p e r c e n t — J ------6
4
4
,.5
, J* ^ ,
N on e
P referred , per c e n t . . . —---------------- 7 % p e r a n n u m d % % Q .- F . ) -------------------B O N D S .— T h e $500,000 llrst m tg e . gold n otes d u e F e b . 1 1910 w ere
ca lled fo r p a y m e n t A u g . 1 1909. V . 8 8 , p . 1503. A $75 ,000 4 % p urchase
m o n e y m tg e. Is due J u ly 12 1912.
R E P O R T .— R e p o rt fo r y e a r e n d in g D e c. 31 1908, w ith b a l. s h e e t, was
In V . 88 , p. 50 2 , sh ow in g p ro fit on o p e ra tio n s, $ 26 5,47 8; d e p re cia tio n
$11 0,00 0; d lv . o n pref. ( 7 % ) , $ 87 5,00 0; b a l., d e f ., $ 7 1 9 ,5 2 2 .
In 1907,
profit on op e ra tio n s , $ 2 ,9 0 7 ,9 2 0 .
D I R E C T O R S .— F . N . I lo ffs to t (P r e s .), J . W . F rien d (V lc c -P r e s .),
A d ria n H . L arkin (S e c .) , J am es A . B lair, J am es II. R e e d , A . S. M ath eson ,
T H G iv e n , Jam es N . W a lla ce , F . G . E ly . N . Y . o f fi c e , 24 B ro a d S t.
— (V .‘ 88 , p . 502, 509, 1503; V . 89, p . 229, 29 0 , 353 , 667.)
PROCTER & GAMBLE CO.— F o r m e d in 1890 u n d e r law s o f N ew Jersey
to ca rry o n s o a p , ca n d le , oils an d g ly ce rin e business; r c ln c o r p o r a tc d In
O h io In 1905, V . 80, p . 655 , 1916.
In 1903-04 b u ilt a new p la n t in K ansas
C ity , I fa n ., c o s tin g a b o u t $ 1 ,0 0 0 ,0 0 0 .
V . 76, p . 1196.
P la n t on S taten
Isla n d , N . Y . , w as c o m p le te d In F e b . 1908. V . 8 1 , p . 1243, 1562; V . 8 3 ,p .498
S T O C K .— In 1909 $1,5 0 0 ,0 0 0 new s to c k w as s u b s crib e d b y s to ck h o ld e rs
a t par, Increasin g a m o u n t o u t to $ 1 0 ,5 0 0 ,0 0 0 . V . 8 8 , p. 3 8 1 ,8 8 6 .
D I V I D E N D S .—
1 ’ 91. ’ 92 to ’ 97 lticl. '98 to '0 0 1901 t o N O V .J909
O n co m m o n ....................J 8
12 per c e n t. 20 ye a rly *12 y r ly ( Q .-F .)
•Also ex tra d iv id e n d o f 14 2 -7 % paid Jan. 2 1904 and 2 5 % D ec. 1905.
V . 81, p . 1562; V . 83. p. 498 . O ffic e . C in cin n a ti.— (V . 88 , p . 629 , 886 .)
PROVIDENT LOAN SOCIETY OF NEW YORK.— In c o r p o r a te d In N ew
Y o r k in 1894 u n d er S pecial A c t .
O perates 5 lo a n in g o ffic e s In N ew Y o r k
C ity an d 1 in B r o o k ly n .
C ertlllcates o f c o n t ilb u t lo n , $ 3 ,0 0 0 ,0 0 0 .
D iv i­
den d s i f 6 % y e a r ly have be e n p aid. V . 84, p . 629. S ee a p p lic a tio n s
to list V . 79, p. 2152; V . 8 0 , p . 1182.
R e p o rt fo r y e a r e n d in g D e c. 31
1908 III V . 88 , p. 1126.
P r e s ., O tto T . B a n n a rd ; V .- P ., F ran k T u ck e r;
T r e a s ., Jam es S p ey er; S e c ., M ortim er L . S chllt; A sst. T r e a s ., M. G . H o p t.
E x e cu tiv e o ffic e , 346 F o u rth A v e ., N ew Y o r k .— (V . 8 8 , p. 381 , 1126.)
(THE) PULLMAN CO. —O n Ja n . 1 1900 the W a g n e r P a la ce Car C o .
sold Its assets to T h e P u llm an C o m p a n y , re p re se n ta tive s o f the V a n d e r ­
bilts en terin g the b oa rd o f d ir e cto r s .
V . 09, p. 854; V . 7 0 , p . 4 0 .
In 1908
b eg a n b u ild in g steel cars.
V . 8 4 , p . 697; V . 87, p. 1163.
In M ay 1909 im ­
p rov em en ts w ere o rd e re d c o s tin g a b o u t $ 3 ,0 0 0 ,0 0 0 .
V . 8 8 , p. 1317.
R E G . C A S H D IV S .— ’ 7 7 -’ 80.
’ 8 1 -’ 83.
’8 4 -’ 98. ’ 99. ’ 00 to N o v .'0 9 .
S ln co 1877 ( % ) .............8 y e a r ly 9
y e a r ly 8 y e a r ly 6 H
8 y e a rly
A ls o In 1808 an d 1006 e x tra d iv id e n d s to d istrib u te surplus assets.
V . 67, p . 75. 789 . 840, 002; V . 83, p. 1174, 1233.




A m oun t
O utstand ing

R ate
%

W hen
P a ya ble

j B o n d s— P r in c i- pal. W hen D u e
Stocks— Last
D ivid en d

C en tral T r , N Y ; & Chic
do
do
E q u ita b le T ru st C o , Chic
C en tral T ru s t C o , N Y
F arm ers L & T r C o , N Y
C h ecks m ailed
L a n d T itle & T r u s t, P h lla
F id e lity T ru s t C o , P h lla
L a n d T itle & T r u s t, P h lla

S e p t 1 1947
N ov 11947
J u ly 1 1917
M ay 1 1936
M ay 1 1945
S e p t 15 09 1 H
O ct 1949
A ft e r A p l 1 1946
A p r 1 1948

5 g
5 g
6 g
5 g
_
5 g
S ee te x t
4 g
5 g
5 g

& S
& N
Q— J
M & N
F
& A
Q— M
J
&
J
A
& O
A
& O

S ee

te x t
5 g
text
te x t
7
5 g
12 In ’ 09
8 in 1909
4H g
8 in 1909
8 In 1909
6 In 1908
S ee te x t
7 in 1909
5 g

A p r 25 ’ 05 1 H
3— J
C h ecks m ailed
& J U n io n T r C o , P ittsb u rg h Jan 1 1954
N o v 1 ’ 09 1 H %
1%
1 F a rm e rs’ B a n k B u ild -/ A u g 3 0 '0 4
j in g , P itts b u r g h , P a ( A u g 2 5 ’09 1 H %
F
& A M o rto n T ru s t C o , N Y F e b 1911
Q - - F 15 C o .’s O ffic e , C in cin n a ti,O N o v 15 ’ 09 3 %
O ct 15 ’ 09 2 %
do
do
Q - - J 15
M & S 105 E a st 22d S t, N Y S e p t 1 1921
N Y , C h icago a n d B o s to n N o v 1 5 ’ 09 Z %
Q— F
O ct 15 ’ 09 2 %
Q — J 15 C h ecks m ailed
A u g 31 09 1 H %
Q— F
do
do
A & O H a r v e y F isk & S o n s, N Y O ct 22 ’ 08 1 %
do
do
S e p t 20 '09 1 H
Q— M
J an 1 1921
J
&
J
do
do

Q—J

S ee t e x t G eneral O ffic e ,P itts b u r g h O ct 1 '09 1 % %
A
& O N e w Y o r k T ru s t C o , N Y O c t 1 1934

See
S ee

5 g

M
M

W here P a y a b le, and by
W hom

R E P O R T .— R e p o r t fo r 1908-09 w as in V . 8 9 , p . 1067.
Y ears ending J u ly 31—
1908-09.
1907-08.
1906-07.
E arn s, fro m ca rs, m fg . p ro fits, & c . - .$ 3 3 ,8 0 1 ,156 $31 ,620 ,24 1 $ 3 2 ,186 ,01 3
O p e ra tin g e x p e n s e s ........ .................
18,517,341
18,0 0 1 ,7 5 9 $17,388,741
D e p r e cia tio n o f cars, & c .......... ..............
3 ,7 9 4 ,3 2 3
3 ,3 6 2 ,2 3 8
2 ,4 2 1 ,5 9 7
P a id o th e r sle e p in g c a r a s s o c ia tio n s -541 ,290
467 ,3 2 0
749,342
D iv id e n d s o n c a p ita l s t o c k ___________
7 ,9 9 9 ,0 7 0
7 ,9 9 8 ,3 5 6
7 ,476,878
N et surplus fo r y e a r ________________ $ 2,949,131
$ 1 ,7 9 0 ,5 6 8
$ 4 ,1 4 9 ,4 5 5
T o ta l surplus J u ly 31 1909, $ 9 ,9 9 5 ,9 1 9 .
D I R E C T O R S .— R o b t . T . L in c o ln (P r e s .), J o h n S . R u n n e lls, H en ry C.
H a lb e rt, N orm an B. R e a m , W m . K . V a n d e r b ilt, J P lerpon t M organ ,
Frederick W . V a n d e r b ilt, W Sew ard W e b b , John J M itchell. C h a m c i y
K e e p , G eorge F . B a k e r.— N e w Y o r k . 15 B ro a d S t .— (V . 89, p . 106 7.)
QUAKER OATS C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in N ew J ersey
o n S e p t. 20 1901.
In A u g . 1906 th e A m e rica n C ereal C o . w as m erg ed ;
V . 8 3 , p . 321 , 381; V . 8 4 , p. 697 . O w ns m ills a t A k ro n , O .: C h ica g o, 111.;
C ed ar R a p id s , l a .; P e te r b o r o u g h , O n t ., a n d B a ttle C reek , M ich .; also
leases o th e r m ills, V . 8 1 , p . 778 . M a n u factu res v a riou s cereal fo o d products^
S T O C K .— S to c k , $ 9 ,0 0 0 ,0 0 0 6 % c u m . p r e f. a n d $ 4 ,5 0 0 ,0 0 0 c o m m o n , as
Increased e a rly In 1906, th e $ 1 ,6 0 0 ,0 0 0 A m e r . C ereal b o n d s be in g retired
Ju n e 1 1906. V . 83, p. 574. P r e f. has n o v o t in g p o w e r (e x c e p t as regards
Increase o f p re f. sto ck ) unless d iv id e n d s are th ree m on th s In d e fa u lt.
Of
th e c o m m o n s to c k $ 2 ,0 8 0 ,0 0 0 Is held In tru st until N o v . 11 1911 unless
earlier term in a ted b y v o tin g tru ste e s, w h o are e le cte d a n n u a lly .
D I V I D E N D S .— O n p re f. In full to A u g. 1909. O n c o m m o n , 1 H % an d
y i % e x tra p a id O ct. 1906 to O ct. 1909, b o t h In clu sive.
R E P O R T .— R e p o r t to r c a l. y e a r 1908, In V . 8 8 , p . 747 , sh o w e d : P r o fits ,
$ 1 ,1 2 5 ,7 4 8 ; d lv s ., $ 86 9,41 0; d e p r e c ’n , $ 15 4,61 0; b a l., su rplu s, $ 1 0 1 ,7 2 8 .
O F F I C E R S .— P re sid e n t, H e n r y P . C row ell; V ic c -P r e s ., Jam es H .
D ou gla s; T r e a s ., R o b e r t Stu art; S e c ., R o b e r t G o rd o n . O ffic e , 1600 R a il­
w a y E x ch a n g e , C h ic a g o , 111.— (V . 8 7 , p . 550, 1360; V . 8 8 , p . 568, 747 .)
QUINCY MINING.— (V . 8 6 , p . 1228; V . 8 8 . p . 568; V . 8 9 , p . 38.)
RAILW AY STEEL SPRING CO.— In c o r p o r a te d in N ew Je rse y o n F eb .
25 1902 as a co n s o lid a tio n .
V . 74, p . 382 , 482 . I n Ju n e 1902 pu rch a sed
th e Steel T ire d W h e e l C o. V . 66 , p . 185; V . 72, p . 444; V . 74, p . 1041,
1200; V . 75, p . 8 0 . T o ta l c a p a c it y D e c . 1906, 171 ,000 (b e in g in crea sed to
225,000) tons a n n u ally; also 6 2 ,000 s te e l-tire d w h eels. V . 8 4 , p . 100.
D I V I D E N D S o n p r e f., 1 H % q u a rte r ly , p aid S e p t. 1902 to S ept. 1909,
b o th Inclu sive. O n c o m ., 2 % A p ril 1904; 1905 to A p ril 1908, 4 % y e a r ly
(A . & O .) ; O ct. 1908, 1 % ; 1909, non e; V . 8 8 , p . 690.
B O N D S .— In N o v . 1905 the L a tr o b e S teel C o . w as a c q u ir e d , $ 4 ,5 0 0 ,0 0 0
5 % 1 5 -ye a r b o n d s b e in g Issued, a first lien th e re o n , b u t n o t a lien o n o th e r
p ro p e r tie s . A n n u a l sin k in g fu n d , $ 1 3 5 ,0 0 0 . V . 8 1 , p . 1496, 1726; V .
8 2 , p . 51; o ffic ia l s ta te m e n t, V . 8 4 , p . 100.
R E P O R T fo r c a l. y ear 1908, In V . 8 8 , p . 684 , s h o w e d : G ross, $ 5 ,9 2 0 ,4 6 4 ;
n e t o v e r d e p r e c ’ n . $97 5 ,6 1 9 ; Int. o n L a tr o b e b o n d s. $ 20 9,69 2; d lv . o n pref.
( 7 % ) , $ 94 4,98 6; d lv . on c o m . ( 3 % ) , $ 40 4,99 4; b a l., d e f ., $58 4 ,0 5 3 ; t o t a l,
sur. D e c. 31 1908, $ 2 ,2 7 0 ,9 4 2 .
P r e s ., W . II. SU verthorn; S e c ., M. B.
P a rk er; T r e a s ., E . M cC orm ick .
D ire cto rs M ch. 1907, V . 80. p . 1000: V . 84,
p . 577. O ffic e , 30 C h urch S t., N . Y . — (V . 88 , p. 629 , 684 , 690.)
REPUBLIC IRON & STEEL CO.— O R G A N I Z A T I O N .— I n c o r p o r a te d
In N . J . M ay 3 1899 to co n s o lid a te 29 p lan ts m a k in g b a r an d fo rg e iron .
A ls o ow n s 9 blast fu rn a ce s, B essem er s te e l p la n t, m in in g p ro p e rtie s In Mesaba ran ge, e x te n s iv e iro n an d coa l lands In A la b a m a , & c .; c o k e p la n ts a t
R e p u b lic a n d A c h e s o n , P a ., an d T h o m a s, A la .
(S ee V . 7 1 , p . 545.)
For
p ro p e r tie s , V . 68 , p. 674: V . 70, p . 228; V . 71, p . 454; V . 77, p. 455; V . 79,
p. 1480, 1702; V . 81, p. 1562; V . 8 3 , p . 1035; V . 84, p . 342; V . 8 7 , p . 1303.
A lly H a zle to n S teel T u b e C o . o rg a n iz e d 1909. V . 8 8 , p . 1005; V . 8 9 , p . 527.
In N o v . 1906 R e p u b lic Iron & S teel and T e n n . Coal & Iro n jo in t ly g u a r­
a n te e d $70 0,00 0 5 % b o n d s to P o tte r O re C o. V . 83, p . 973 , 1417.
S T O C K .— S to ck h o ld e rs in A u g . 1909 su bscrib ed a t p a r fo r a lm o s t all o f
the unissued $ 4 ,5 8 3 ,1 0 0 o f the $2 5 ,0 0 0 ,0 0 0 a u th . pref. s t o c k , th e re m a in d er
be in g ta k en b y a sy n d ic a te .
V . 89, p. 290 , 533.
D ivid en d Record o f P referred Stock.
O ct. ’ 99 to O ct. '0 3 . 1904. O ct. ’ 05 to A p r .'08. J u ly ’ 09. Oct. ’ 09.
R e g u l a r ------7 % y e a rly .
N one.
7 % y e a rly .
1H %
1H%
A lso a c c o u n t o f d e f. d lv s ., Jan . 1906, 1 % % ; A p ril 1906 to J u ly 1907. 8 %
y e a r ly ; J u ly 1909, K % :
% d e cla re d In fu ll t o J u ly 1 1909, p a y a b le l %
A
O c t . 1 1909 a n d 1 % each O ct. 1 fro m 1910 t o 1915 In clu sive. V . 89, p . 230.
B O N D S .— T h e 1st M. a n d c o ll. tr. 5s o f 1904 a re s u b je c t t o ca ll on O ct. 1
1914 a n d th e re a fte r in w h o le o r In p art a t 105 an d In t.; a ls o , a t sam e price,
f o r a sin k . fd . o f $25 0,00 0 y r l y ., p a y a b le in c a s h or b o n d s o r b o t h . V .8 0 ,p .7 1 6 .
T h e n et cash assets o v e r liab ilities o th e r th an b o n d Issue n e v e r to be
less than $ 6 ,5 0 0 ,0 0 0 w hile o u tsta n d in g b o n d s e qu a l o r e x c e e d th a t a m o u n t
an d th e re a fte r n e v e r less than o u ts ta n d in g b o n d s.
O f th e $ 1 0 ,0 0 0 ,0 0 0
a u th . Issue, $ 1 ,8 8 9 ,0 0 0 had been re d eem ed a n d ca n ce le d Jun e 30 1909 an d
$17 ,000 w ere In th e treasu ry. See V . 80, p . 1734.
R E P O R T .— R e p o r t fo r the y e a r en d in g J un e 30 1909 w as in V . 89, p . 527,
s h o w in g net p rofits o v e r d e p ., & c., $ 1 ,6 2 9 ,3 4 6 ; d lv . o n p re f. ( 2 % ) , $40 8,33 8;
b a l., su r., $1,2 2 1 ,0 0 8 .
D I R E C T O R S .— Joh n A . T o p p in g (C h a irm a n ), G . W a ts o n F r e n c h , T r a c y
W . G u th rie ( P r e s .) , J . B . D u k e , L eon a rd C. H a n n a , E arl W . O g le b a y , Edw'.
J . B e rw in d , S am uel G . C o o p e r, J o h n W . G a te s, J o h n F . H arris, G rant B .
S c h le y an d H a rry L . R o w n d .
H . L . R o w n d Is S e c. an d T rea s.
M ain
o ffic e , F rick B u ildin g A n n e x , P ittsb u rgh ; N e w Y o r k o ffic e , 115 B r o a d w a y .
— (V . 8 8 , p . 1376, 1503; V . 89, p . 230 , 290 , 476 , 527 , 533, 781 , 1071.)
RHODE ISLAND-PERK I NS HORSE SHOE COMPANY— O R G A N I ­
Z A T I O N .— M an ufactures h orse shoes a n d to e calks a t V a lle y F a lls, R . I .,
6 m iles fro m P r o v id e n c e . V . 6 1 , p . 1014. C o m m o n s t o c k , $ 1 ,0 0 0 ,0 0 0 .
D IV S — 1 ’ 02. ’ 93 ’ 95. ’ 96. ’ 97. *98. ’ 9 9 -’ 0 1 . ’ 0 2 -’ 05. ’ 06. ’ 07 ’08
1909
C o m m o n , % V H 10 yrly. 4 H 0
12
0
0
0
0
0 ....................
P r e f., % . . . ' ------- 7 H y r ly --------« ! ( 5
4 y r ly . 5 y r ly . 7 H
9 5
B elow .
In 1909, o n c o m ., J a n ., 1 H % ; A p ril, 1 % ; J u ly , 1 % ; O c t ., 1 % .
O ffic e , P r o v id e n c e , R . I .— (V . 8 4 , p. 697; V . 8 6 , p . 55.)
ROYAL BAKING POWDER CO.— O R G A N I Z A T I O N .— A co n s o lid a ­
tio n in c o rp o ra te d In F e b . 1899 u n d er th e law s o f N . J. S ee V . 71, p . 545.
In F e b . 1908 p u rch ased m a jo r it y o f W e ste rn G lu cose (n o w A m erica n
M aize P ro d u cts C o.) s to c k .
V . 8 6 , p . 550.
D I V I D E N D S .— O n p re f. to S ep t. 1909, In clu sive, 6 % p e r a n .— 1 H % q u a r.
O n c o m m o n , Jan . 1900 to 1906, 8 % y e a r ly a n d o n N o v . 30 1906, 2 %
“ s p e c ia l" ; 1907 t o S e p t. 1909, 1 0 % y e a r ly ( 2 H % Q .-M .);
P re s ., F . J. B oselly; T r e a s ., J o h n M orris; S e c ., W . L . G a re y . O ffic e ,
R o y a l B ld g ., W illia m and|Fulton|Sts , N ew Y o r k .— (V . 86 , p . 550.)

M I S C E L L A N E O US
F » r e xp la n a tion o f colu m n headings, dec., see notes on
fir s t page o f tables
R e p u b lic Iron & Steel— (C ontinued)—
P o t t e r O re 1st M $ 7 0 0 ,0 0 0 g g u a r j o in t ly (te x t) s f K share
R h o d e Isla n d P e rk in s H o rse S hoe— P re f 7 % cu m $ 1 ,7 5 0 ,0 0 0
R o c h e s te r & P itts b u r g h C oal & Iron — F irst m tg e g o ld s f c
H e lv e tia p u r c h m o n e y m o rtg a g e g o ld sin kin g fu n d
C e.c*
F irst m o r tg a g e o f 1902 $ 2 ,0 0 0 ,0 0 0 g o ld red 105 s f . G .c*
R o y a l B a k in g P o w d e r — C o m m o n s to c k $10 ,0 0 0 ,0 0 0
P re fe rre d s to c k $ 1 0 ,0 0 0 ,0 0 0 6 % c u m u la t iv e - . .
S a fety C a r H e a tin g & L ig h tin g — S to c k ($ 1 0 , 000 , 000 ) ___ I I I
St P aul U n ion S to c k Y a rd s— S terling p r io rity loan
F irst m o r tg a g e ................................................ . . . .
S ears, R o e b u c k & C o— C o m m o n s to c k $30,00’ d ,0 0 0 a u th o riz e d
. P re fe rre d s to c k 7 % c u m u la tiv e $ 1 0 ,0 0 0 ,0 0 0 (te x t) .
.
Siegel S tores C orp ora tion — P r e f s to c k 7 % cu m $ 2 , 000,000
S in ger (S e w in g M achine) M a n u fa ctu rin g — S to c k $ 3 0 ,0 0 0 ,0 0 0
S loss-S h eftield Steel & Iron — C o m m o n s t o c k $ 1 0 ,0 0 0 ,0 0 0 ___
P referred (as to assets) 7 % n o n -c u m u la tiv e $ 1 0 ,0 0 0 ,0 0 0 ..
Sloss I r o n & S te e l C o tlrst m o r tg a g e g o l d ________________ Ce
G eneral m o r tg a g e g o ld s u b je c t t o call a t p a r____________ Ce
S om erset C oa l— S to c k $ 4 ,0 0 0 ,0 0 0 ______________________________
F irst m o r tg a g e $ 4 ,0 0 0 ,0 0 0 g o ld red e e m a b le 110 s in k in g fu n d
S p rin g V a lley W a te r — S to c k $ 2 8 ,0 0 0 ,0 0 0 _____________________
G en eral (n o w first) m o rtg a g e $ 2 8 ,0 0 0 ,0 0 0 g o ld ...........
.
S ta n d a rd C o r d a g e — S to c k $ 2 ,8 0 0 ,0 0 0 _________________________
F irst m o r tg a g e g old re d e e m a b le 1 0 5 _________________ ___ Eq
A d ju s t m e n t (in com e) m o rtg a g e $ 2 ,5 0 0 ,0 0 0 (see te x t)_ _ T a
S tan d ard A lilling— S to c k (p re fe rre d 5 % n o n -cu m u la tiv e )
F irst m o r tg a g e g o ld $ 6 ,2 5 0 ,0 0 0 (see t e x t ) ........ ...........

D a te
of
B on d s
1906
1886
1896
1902

1896
1886

1887
1888
1902

1906
1906

I N T E R E S T OR D I V I D E N D S

S iz e, or
Par
V a lu e

A m oun t
O utstanding

$ 1,000
100
1,000
1,000
1,000
100
100
100
£10 & c
1,000
100
100
100
100
100
100
100
1,000
100
1,000
100
100
1,000

RUBBER GOODS MANUFACTURING CO.— O R G A N I Z A T I O N . —
In c o rp o ra t e d in N . J. J an . 26 1899, a n d a cq u ire d a ll of the sto c k of the
M e ch a n ica l R u b . C o ., o w n in g itself, or, th ro u g h the latter, the entire sto c k
of N e w Y o r k B e lt in g & P a c k in g C o ., S t o u g h to n R u b b e r C o., F a b r ic Fire
H o se C o ., C h ic a g o R u b b e r W o r k s a n d C le v e la n d R u b b e r C o., the Peerless
R u b b e r M f g . C o., H a rtfo r d R u b b e r W o r k s C o ., In d ia R u b b e r Co.,
In d ia n a p o lis R u b b e r C o ., A m e r ic a n D u n lo p T ire C o ., N e w B r u n s w ic k
T ire C o ., the S a w y e r (cotton) B e lt in g C o ., M o r g a n & W r ig h t , & c.
T h ese c o m p a n ie s m a n u fac tu re a ll classes of ru b b e r goo d s, ex cep t boots
a n d shoes, p rin c ip a lly b icycle a n d so lid a n d p n e u m a tic vehicle tires, fire
hose, ga rd e n hose, a ir-b ra k e hose, ste a m hose, b e ltin g, p a c k in g , hard
ru b b e r go o d s, d r u g g is t s ’ su n d ries, ru b b er thread, & c.
A l l ex cep t a b o u t $200,000 of the $16,941,700 co m m o n sto c k a n d a ll
excep t $3,413,900 of the $10,351,400 pref. sto c k has been a cq u ire d b y the
U . S . R u b b e r Co.
V . 84, p. 342, 866; V . 82, p. 1105; V . 81, p. 159; V . 80,
p. 1975, 2225.
D I V I D E N D S . — O n pref.. June 1899 to S e p t. 1909, 7 % per a n n u m
( 1 M % Q .- M .) .
O n co m m o n , 1900, 2 % ; 1901, 3 % ; 1902 to 1905, none;
1906, O c t 1 % ; 1907, O c t. 31, 1 % ; 1908, 4 % (Q .-J .); 1909, J a n , 1 % .
B O N D S . — T h e b on d ed d e b t of c o m p a n ie s co ntrolled co nsists of:
$732,000 M e ch an ica l R u b b e r Co. 1st sin k in g fu n d go ld 6s, d u e J an . 1
1918; $453,475 N . Y . B e ltin g & P a c k in g 1st m tge. sin k , fu n d deb. 6s, due
J an . 1 1918, su b ject to call a t 110, of w hich $252,685 held b y M cch . R u b . Co.
G en eral R u b b e r Co. b o n d s ($9,000,000 a u th .) are gu a ran te e d , p. & I., b y
R u b b e r G o o d s M f g . a n d U . S . R u b b e r cos. V . 81, p. 36, 901.
R E P O R T . — R e p o rt for y e a r e n d in g Dec. 31 1908, V . 88, p. 942, sh ow ed :
N e t, $1,984,583; d iv s., $1,051,699; su rp lu s, $932,884.
O F F I C E R S . — P res., J o h n J. W a ts o n Jr.; V . -P ., C h a s. A . H u n t e r an d
L e ste r L e la n d ; Sec., S a m u e l N o rris; T re a s., T h o m a s H . Lee; A sst . Sec.
a n d A sst. T re a s., J am e s M c G u flo g , J o h n D . C a rb e rry .
N . Y . office, 42
B ’w a y .— (V . 87, p. 291, 351, 1163, 1303; V . 88, p. 942. 948.)

$338 500
1.750 ,000
132 ,000
988 000
1.899 ,000
10,000 000
1 0,000 000
9,862 000
211 950
1,994 000
3 0 .000 000
9.7 5 0 000
2,000 ,000
3 0 .000 000
10,000, 000
6,700, 000
2,000, 000
2,000, 000
4,000, 000
3,415, 000
28,000, 000
17,859 000
2,759 785
2,806 000
2,471 686
6.900 000
3,272 000

R ate

5 g
text
5g
5 g
4l g
A
10 in ’ 08
6
9 In 1909
5
5
See t e x t
7 in 1909
S ee t e x t
See t e x t
See te x t
7 In 1909
6 g
o
e
See te x t
_
5 g
See t e x t
4 g
See

W hen
P a ya b le
J

& D
Q— J
V a riou s
M & N
F & A
Q— M
Q— M
Q— J
A & O
A & O
Q— F j
Q— J
See t e x t
Q— J
Q— F
Q— J
F & A
A & O
S ee te x t
F
& A
Q— M
J
& D

A
5 g
U p to 5 %
See t e x t A
M
5 g

&
&
&

W here P a y a b le, and by
W hom

B on d s— P r in c i­
p a l, W hen D u e
Stocks— Last
D ivid en d

H anover N at Bank, N Y
C h eck s m ailed
36 W a ll S tre e t, N ew Y o r k
do
do
do
do
C h ecks m ailed
do
B y ch e ck
L o n d o n , E n gla n d
N Y , L o n a n d S o u th S t P

D ec 11923
O ct 15 ’09 1 %
1909 to 1912
M ay 1 1946
Aug 11932
S ep t 30 09 2 H %
Sept 3 00 9 l h %
O ct 1 1909 2 %
O ct 1 1936
O ct 1 1916
N o v 15 ’ 09 1 H
O ct 1 ’ 09 1>A%
C h ecks m ailed
N o v 1 1909 1 J4
O ct 1909 10 %
C entral T r u s t C o , N Y S e p t l ’ 09,1
do
do
O ct 1 ’ 09 1 >A%
do
do
F e b 1 1920
do
do
A p r 1 1918
F e b 1 1904 2 %
C h ecks m ailed
G u a ra n ty T r u s t C o , N Y F e b 1 1932
M ch 31 '0 9 H %
N Y , San F r & F ra n -o n M D e c 1 1923

O A p rll’ 09 c o u p p d S e p t'0 9 A p r 1
Apr 1
O O ffice 49 W a ll S t, N Y O ct 30
N M e tro p o lita n T r C o , N Y N o v 1

1931
1931
1909 1 «
1930

D I V I D E N D S o n preferred A p ril 1900 to O c t . 1909, 7 % y e a r ly ( Q .- J .) ,
7 % d eclared fo r 1908.
D lv . o n c o m .. In 190 5 5 % in cash an d In O ct. 33
l-3 % I n c o m . s to c k ($ 2 ,5 0 0 ,0 0 0 ); A p r. 1906 t o M ch. 1908, in c l., 5 y ea rly ;
Ju n e ’0 8 , 1 % ; S e p t ., 1 % ; D e c ., 1 % ; 190 9, M c li., 1 H % ; J u n e , \ H % \
S e p t ., 1 M % .
E A R N I N G S .— F o r 6 m o s. e n d in g A u g . 31 1909 (p a r tly e s tim a te d ) sur­
plus a v a ila b le f o r [d iv id e n d s , $62 7,77 1; d iv id e n d s o n p r e fe rr e d , 3 ) 4 % ,
$23 4,50 0; d iv id e n d o n c o m m o n , 2 X % , $ 2 5 0 ,0 0 0 ; b a l., s u r p ., $ 14 3,27 1.
R E P O R T .— R e p o r t fo r y e a r e n d in g N o v . 30 1908, g iv e n In V . 88 , p . 683,
940 , sh o w e d n e t a b o v e d e p r e c ia tio n , & c ., $ 1 ,1 7 3 ,9 6 0 ; b o n d Interest, $ 2 1 0 ,­
000; d lv . o n p r e f. ( 7 % ) , $46 9,00 0; d lv . o n c o m . (4 M % ) , $4 2 5 ,0 0 0 ; su rplu s,
$69 ,9 6 0 . T o t a l surplus N o v . 30 1908, $ 3 ,2 1 6 ,3 4 6 .
P r e s ., J. C. M aben ;
S e c . a n d T r e a s ., E . L . M orris, B irm in gh a m , A la .— (V . 89, p . 167, 724 .)
SOMERSET COAL CO.— O R G A N I Z A T I O N .— In c o r p o r a te d In P e n n s y l­
va n ia a b o u t J a n . 1902. V . 8 1 , p . 1497. C oal m in ed In 1908, 1,42 4 ,2 6 6
to n s . T h e C o n so lid a tio n C oal C o . ow n s th e $ 4 ,0 0 0 ,0 0 0 s t o c k , h a v in g a c ­
q u ire d the m in o rity In M ay 1909. V . 8 8 , p . 1317; V . 7 8 , p . 1272.
D iv i­
d e n d , 2 % , p a id F e b . 1 1904; n o n e s in ce . B o n d s , see a b o v e . V . 78, p . 1272;
V . 8 8 , p . 382.
R e p o r t fo r y e a r e n d in g D e c . 31 1908 In V . 8 8 , p. 1 00 0, s h o w e d : G ross
earn in gs, $ 1 ,7 3 6 ,7 9 7 ; n e t, $ 34 0,37 0; o t h e r In co m e . $71 ,0 0 3 ; ch a rges,
$26 6,36 5; b a l., s u r ., $14 5,91 4.
P r e s ., C. W . W a ts o n .
O ffic e , B a ltim o re ,
M d .— ( V . 86 , p . 725 , 1341; V . 88 , p. 382, 7 5 1 , 1000, 1317.)
SOUTH YUBA WATER CO.— S ee “ E le c tr ic R a ilw a y S e c t io n .”
SOUTHERN & ATLANTIC TELEGRAPH.— L ea sed to W e ste rn U n lo n fo r
999 yea rs fro m O c t . 1 1876 (w h ich ow n s $ 3 9 0 ,4 7 5 o f the $ 04 9,05 0 sto ck ) and
s to c k g u a ra n te e d b y ren tal 5 % , p a y a b le A . & O. b y T re a su re r W e s t. U n ion .

SOUTHERN NEW ENGLAND TELEPHONE.— (V. 88, p. 208, 1558.)

SOUTHERN IRONJ& STEEL CO.— ( V . 8 8 , p . 1376; V . 8 0 , p . 108, 533.)
SPRING VALLEY WATER CO.. SAN FRANCISCO.— O R G A N I Z A ­
T I O N .— S u cce sso r S e p t. 24 1903, per plan V . 7 6 , p . 216, 977, to S p rin g V a l­
le y W a te r W o r k s . V . 78, p . 827. S u it, V . 82, p . 574; V . 8 4 , p . 577. In
A u g . 1906 an assessm ent o f $3 a share w as le v ie d o n the s t o c k . V . 8 3 , p.
327 , 498 , 704 . M u n icip a l p la n t v o t e d N o v . 1908. V . 8 7 , p . 1360.
O f th e g e n . g o ld 4s ($ 2 8 ,0 0 0 ,0 0 0 a u th o riz e d Issue; U n io n T ru st C o. o f San
F r a n cis c o , tr u s te e ), $ 3 ,0 0 0 ,0 0 0 h a v e b een Issued fo r Im p ro v e m e n ts an d to
ta k e u p $35 9,00 0 o ld w a te r-w o rk s b o n d s.
In D e c . 1905 $13 ,9 7 5 ,0 0 0 w ere
so ld t o r e fu n d th e $13 ,6 1 6 ,0 0 0 p rior b o n d s S e p t. 1 1906 a n d $52 5,00 0 fo r
Im p ro v e m e n ts. T h e rem ain in g $ 1 0 ,5 0 0 ,0 0 0 are a p p lic a b le fo r a cq u isition s
a n d Im p ro ve m e n ts equ a l In co s t to a t least 8 5 % o f va lu e o f b o n d s. V . 78.
p . 992; V . 8 1 , p . 1726; V . 8 2 , p . 164; V . 87, p . 1482.
D I V I D E N D S .— R e o rg a n iz e d c o m p a n y p a id 21 ce n ts p e r share O c t. 1903;
J a n ., A p r il, J u ly 1904 a n d J a n ., A p ril an d J u ly 1905, 63 c e n ts e a ch ; In O ct.
1904 an d 1905, n on e; 1906, Ja n . an d A p r il, 63 ce n ts e a ch ; 190 7, non e;
1908, D e c . 23, $1; 1909, M arch 3 1 , 50 ce n ts (q u a r .).
R E P O R T .— R e p o rt fo r ca le n d a r y e a r 1908 In V . 88 , p . 821 , s h ow ed :
to ta l In com e, $ 2 ,2 6 4 ,3 6 0 ; n e t , $ 1 ,6 1 2 ,3 0 6 ; In terest, $ 1 ,3 3 0 ,9 2 8 ; d iv id e n d
( 1 % ) , $ 28 0,00 0; b a la n ce , su rplu s, $1,378.
O F F I C E R S .— P re s ., W . B. B o u rn ; S e c ., J . M . D u k e ; T r e a s ., B a n k o f
C a liforn ia. O ffic e , 126 S t o c k t o n S t ., San F r a n cis c o .— (V . 8 8 , p. 821, 825 .)
STANDARD CORDAGE CO.— O R G A N I Z A T I O N .— I n c o r p o r a te d In
N ew Y o r k A p ril 11 1906 as s u cce sso r o f th e S ta n d a rd R o p e & T w in e C o .,
SAN FRANCISCO GAS & ELECTRIC CO.— See "E le c t r ic R a ilw a y Se c .’’ fo re c lo s e d p er plan V . 8 1 , p . 1726. O w n s S ew all & D a y Mill a t B o s to n
era
e Wa
M
A
SEARS, ROEBUCK & CO.— ORGANIZATION.— Incorporated in New (A ls toon ), M ass.,. in o pn o t tio n ; also thesideste r b u roy an d Idleorgan p av e . m ills
r
Y
ope
b
tw
e
d
d is­
York June 16 1906. Conducts retail mall order business In Chicago. a ta Btleo k ly n , Nto c k. , ($50,000)r a te d ,annabis M fgo Cth., ro w n in an th reertlyills—
m n
d ; also s
of C
.
o
g
m
V . 83, p. 629, 41. S ta te m e n t to N e w Y o r k S t o c k E x c h a n g e , sh o w in g p ro p ­
th e Chelsea a n d th e B o s to n m ills In B o s to n a n d W m . W all & Son s o f B r o o k ­
erties ow n e d, rig h ts of sto c k , & c. V . 84, p. 1246.
ly n ; see V . 73, p. 614; V . 8 1 , p . 1726; rep orts o f co m m itte e s In V . 7 2 , p . 987 ,
S T O C K . — C o m m o n sto c k , $30,000,000 a ll o u tsta n d in g ; par, $100. P r e ­
1140. P ro p o s e d sale o f Idle p la n ts, V . 8 6 , p . 166; V . 8 8 , p . 105, 228.
ferred, see ta b le a b ove. P referred sto c k Is a lso preferred a s to asse ts a n d
B O N D S .— T h e a d ju s tm e n t (In com e) m tg e . b o n d s h a v e th e rig h t to e le ct
ca n n o t be In creased o r m o rtg a g e (o the r th a n pu rch ase m o n e y m o rtg age )
a m a jo r it y o f dire cto rs until Interest has b e e n p a id f o r tw o co n s e cu tiv e
created w ith o u t the vo te of th ree-fo u rths of each class of stock.
E n tire
yea rs an d th e re a fte r o n e v o t e fo r e a ch $ 10 0 .
preferred sto c k o r pro ra ta p o rtio n m a y be redeem ed a t 125. N o d iv id e n d
T h e A p ril 1909 c o u p o n s o n th e first m o r tg a g e b o n d s w e re p aid S e p t. 1909.
sh a ll be p a id o n c o m m o n sto c k u n til $1,000,000 a t le ast ha s been set aside
A p r o t e c tiv e c o m m itte e , C harles E . O rv ls , C h airm an (P . J . O ’ B rien,
a s su rp lu s profits a n d n ot In excess of 4 % u n til a n a d d itio n a l $1,500,000 has
36 W all S t ., N ew Y o r k , S e c .), w as fo r m e d . V . 8 8 , p . 886 . In Ju n o 1909 a
been set aside. V . 84, p. 1246.
m a jo r it y o f th e b o n d h o ld e rs h ad a g re e d o n a p la n . V . 88 , p . 1026.
I n O c t. 1909 the d irectors were expected to retire a n a d d itio n a l a m o u n t
E A R N I N G S — R e p o r t fo r 6 m o n t h s e n d in g S e p t. 30 1908 and y e a r e n d in g
of preferred sto c k , o r ig in a lly $10,000,000, of w h ic h $250,000 h a d been
M arch 31 1908 In V . 8 8 , p. 228 , s h o w e d d e ficit u n d e r ch arges fo r 6 m on th s
a lre a d y redeem ed. V . 89, p. 925.
p e rio d o f $17 8,04 3 and fo r th e y e a r e n d in g M arch 31 1908 o f $ 21 3,14 9.
D I V I D E N D S . — P re f., 1 % % q u ar. p a id O c t. 1906 to O c t. 1909, b o th IncO F F I C E R S .— C h airm an o f B o a rd . Jam es B . Clew s: P re s ., Charles W il­
O n co m ., 1 % p a id F e b . 15, M a y 15 a n d A u g . 15 1909; N o v . 15, 1909, 1 X % .
s o n : S ec. an d T re a s ., Jam es G. H u r ty .
O ffic e , 45 S o u th S t ., N ew Y o r k .
R E P O R T . — F isc al y e a r e n d s D ec. 31. R e p o r t for 6 m o n th s e n d in g
— (V . 86 , p. 166; V . 8 8 . p. 105, 228, 825 , 88 6 , 1626; V . 8 9 , p. 724.)
D e c. 31 1908 In V . 88, p. 292, sh ow e d gro ss sales, less g o o d s retu rn ed ,
STANDARD MILLING C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in N ew
$21,813,592; d iv s. on In v e stm e n ts, $46,417; co st of p u rch ases, all expenses,
In t., & c., $19,868,551; d lv . on pref. ( 3 14 % ) , $341,250; b al., su r., $1,650,­ J ersey o n O c t. 31 1900 as su cce sso r o f th e U . S . F lo u r M illin g C o ., per plan
In V . 7 0 , p . 284; V . 71, p. 185, an d ow n s d ir e c tly o r th ro u gh s u b sid ia ry c o m ­
207. R e p o r t for y ea r en d in g Ju n e 30 1908 In V . 87, p. 739, sh ow ed gross
pan ies m ills In M in n eapolis, D u lu th , W e s t S u p e rio r, M ilw au k ee, B u ffa lo,
sale s, less g o o d s return ed , $40,843,866; d iv id e n d s on In v e stm e n ts, $89,686
S yra cu se a n d N ew Y o r k ; to ta l d a lly c a p a c it y , 4 7,000 barrels o f flou r. S ee
O F F I C E R S . — P re s., J u liu s R o se n w a ld ; V . - P . a n d T re as.. A lb e r t H .
V . 7 5 , p. 1252; V . 68 , p . 873 , 929; V . 6 9 , p . 29, 1010; V . 71, p. 817; V . 8 4 ,
L o e b ; Sec., J o h n H ig g in s .— (V . 88, p. 235, 292; V . 89, p. 925, 999.)
p . 697. P ro p e rtie s tak en o v e r M ay 11 1902.
I n c o r p o r a tio n o f H eck erSIEGEL STORES CORPORATION.— O R G A N I Z A T I O N . — In c o rp o ra te d J on es-J ew ell M illing C o ., V . 8 4 , p . 697, 752 , 1372; V . 8 5 , p . 923, 1082.
In D e la w a re o n Jun e 16 1909 a n d took ove r.p e r p la n , V .8 8 , p.1563, the Siege l,
S T O C K A N D B O N D S .— S to c k , all o u ts ta n d in g , c o m m o n , $ 4 ,6 0 0 ,0 0 0 :
Co o p e r & Co. of C h ic a g o a n d S im p so n -C ra w fo rd Co. a n d the F o u rte e n th
p r e f., 5
$ 6 0 ,0 0 0
Of
5s, $2 ,2
0 Is reserved t
S tre e t S to re of N e w Y o r k . C o m m o n sto c k , $8,275,000; par, $100; p re­ retire a t% n o n -c u m .,4 8 ,0,90 0H e ck.e r-J o nth e 1 st cll 1st 6s 7 8 ,0 0$63 0,00 0 N o rtho
par th e
0
­
ferred, see table.
F ir s t d iv id e n d o n preferred sto c k , 1 M % , pa id N o v . 1 w estern C on solid$ 1 ,4 M illin g 1st 6s (seec s -J e w , p . 2 8 3 ). an d
a ted
V . 70
1909. M o rt g a g e d e b t of three stores, $1,200,000. Office, 311 S ix t h
D I V ’ S— ) 1903. ’04 t o ’ 06. 1907 to A p r. '0 8.
O c t . ’ 0 8 & A p r .’ 0 9 . O c t ’ 09
A v e ., N e w Y o r k . — (V . 88, p. 1563; V . 89, p. 1071.)
O n p r e f, % J 1 %
2 y e a rly
3 y e a r ly
1 X a n d X, <xtra. 1 X %
SILVERSMITHS C O — (V . 84, p. 1252; V . 86, p . 1228; V . 87, p. 100.)
R E P O R T .— R e p o rt fo r y e a r e n d in g A u g . 31 190 9, w ith b a la n ce s h e e t. In
SIMPSON SECURITIES C O — See V . 88, p. 1563.
" C h r o n .” o n o r a b o u t O ct. 3 0 ., sh ow ed In co m e fo r y e a r , $74 9,88 4; Int. o n
SINGER (SEWING MACHINE) MFG. CO.— O R G A N I Z A T I O N . —
b o n d s , $15 9,43 3; d lv . o n p r e f. s to c k ( 4 % ) , $27 5,72 8; b a l., s u r ., f o r y e a r ,
in c o rp o ra te d In 1873 In N e w Jersey u n d e r spe cial A c t .
P la n t s are located
$31 4,72 2; to ta l surplus A u g . 31 190 9, $ 2 ,6 2 6 ,3 9 9 .
a t E liz a b e th , N . J.; K llb o w le , near G la sgo w ; S t. J oh n , Q u e., & c. I n
O F F I C E R S .— P re s., B ra y to n Iv e s . 1st V . - P . , A P . W a lk e r; 2d V . - P . , W .
J a n . 1907 the W h e e le r & W ils o n M fg . Co. w as m erged. V . 83, p. 276.
B . S h ea rd ow n ; S e c. and T r e a s ., J . A . K n o x . O ffic e , 49 W all S t ., N . Y . —
S to c k , $30,000,000, h a v in g been Increased In D e c. 1900 b y 2 0 0 % sto c k
(V . 8 5 , p. 100 7, 1082; V . 8 7 , p . 815 , 1086, 1092; V . 8 9 , p . 781 , 1071.)
d iv id e n d , c a p ita liz in g su rp lu s.
V . 71, p. 1224, 1273.
STANDARD OIL C O — O R G A N I Z A T I O N .— T h is c o m p a n y w as Incor­
D ivid en d s—
*01. ’02.
'03.
'04. '05. '06.
'07. '08.
1909.
p o r a te d u n d e r th e law s o f N ew J e rs e y In Ju n e 1899 a n d t o o k o v e r fro m
Sin ce 1900 ( % ) . 7
9H
12
31
13
8
11
12
5-5 -5 -1 0
liq u id a tin g tru stees the p rop erties o f th e fo rm e r S ta n d a rd O il Trust o rg a n ­
P re s., D o u g la s A le x a n d e r; V . - P . , E d w in H . B e n n e tt.
O ffice, 149
ized In 1882 (V . 68 . p . 1227; V . 69, p. 28; V . 8 3 , p . 1 2 9 3 ). In 1909 had
B roadw ay, N e w Y o r k — (V , 83, p. 276.)
a b o u t 113 s u b sid ia ry c o m p a n ie s , d o m e s tic a n d fo r e ig n , th e ir to t a l share
ca p ita l a g g re g a tin g $ 2 2 9 ,9 6 3 ,1 9 5 . See V . 8 8 , p . 372; V . 8 5 , p . 216, 790;
SLOSS-SHEFFIELD STEEL &
IRON CO.— O R G A N I Z A T I O N . —
In c o rp o ra te d In N e w Jersey. See prospectu s, V . 69, p. 286; V . 70, p. 1099;
V . 8 3 , p . 1293.
V . 71, p. 185, 545: V . 72, p. 779; V . 76, p. 659; V . 87, p. 352. S to c k ,
B u siness con sists In p r o d u c in g , p u rch a sin g , p ip in g , refin in g an d selling
$3,300,000 preferred Is reserved fo r fu tu re requ irem en ts. See listin g,
p e tro le u m all o v e r th e U n ited S ta tes: also e x p o r t in g sam e In Its o w n vessels
V . 70, p. 1200, sh o w in g properties, r ig h ts of preferred shares, & c.; also
th r o u g h o u t th e w o rld . T h e c o u n t r y ’s to ta l p r o d u c tio n o f cru d e o il In 1905
V . 72, p. 774- V . 78, p. 1177; V . 81, p. 1324.
wa3 1 3 5 ,0 0 0 ,0 0 0 barrels, b u t n o t o v e r o n e -s ix th o f th is, It w as s ta te d , c a a e

SAFETY CAR HEATING & LIGHTING CO.— ORGANIZATION.—

In c o rp o ra t e d In 1887 in N e w Jersey.
M a n u fa c tu re s ’’P in t s c h ” lig h t
a p p a ra tu s, w h ic h , Ju n e 1907, w as In use on 31,000 cars in the U n it e d Sta te s ,
C a n a d a a n d M ex ico; In the w orld , o n 148,000 cars a n d 6,600 lo co m o tiv e s.
D I V S . — '98-00.
1901.
’02. ’03. ’04. ’05. ’06. ’07. ’08.
1909.
C a s h ( % ) - - 8 y e a rly 11& 10 stk.
9 12 12 17 18 13
9
2-2-2-(?)
I n J u ly 1907 a 1 0 0 % sto c k d iv id e n d w as pa id .
E A R N I N G S . — F o r 12 m o n th s e n d in g O c t. 31 1907, n et e a rn in g s ov e r
d e p re c ia tio n ($172,000) a m o u n te d to 1 3 % o n sto c k . V . 85, p. 1579.
R E P O R T . — R e p o rt for y ea r e n d in g M a r c h 31 1905, In V . 80, p. 2218
sh ow e d c o m b in e d net e a rn in gs of sa fe ty a n d P In sc h cos. were $1,393,842;
d iv s. on S a fe ty Co. sto c k (12
% ) , $615,123; d iv id e n d s on P in t s c h Co.
stock, &c., $265,200; bal., sur., $513,519.
D ire ctors Include: R o b e r t
A n d re w s (C h a irm a n ); R . M . D ix o n (P res.), W m . B a rb o u r, A . C . Sop er,
W m . A . R e a d , H . H . W e h rh a n e . O. C. G a y le y , P . B . W y c k o ff, E . M . B u lk le y a n d E . L e B . G a rd n e r. M a in office, 2 R e c to r S t ., N . Y . — (V . 85, p. 1406.)
ST. PAUL UNION STOCK YARDS CO.— O R G A N I Z A T I O N . — In c o r ­
p o ra te d In M in n e so t a In 1886. O w n s 230 acres a b o u t 5 m iles so u th of
S t . P a u l used fo r sto c k y a r d s p u rposes a n d la rge a m o u n t of a d jac e n t tow n
site. S t o c k . $2,000,000; p a r of sh ares, $100. B o n d s, see tab le a bove.
Y e a r e n d in g D e c. 31 1908, gross, $337,559; net, $192,328; In te re st on
b o n d s, $110,297; ba l., su r., $82,031. P res., W m . M a g lv n y ; Sec. a n d
T re a s., A . A . M c K e c h n le .
O ffice, S o u t h S t . P a u l, M in n .— (V . 75, p. 613.)




I N T E R E S T OR D I V I D E N D S

M I S C E L L A N E O US
P e r exp la n a tion o f colum n headings, A c .
first page o f tables

see notes on

R ate

W hen
P a ya b le

W h ere P a y a b le and by
W hom
26 B r o a d w a y , N ew Y o r k
M o rto n T r u s t C o , N Y
J P M organ & C o , N Y
do
do
do
do
N ew Y o r k a n d C h ica go
N B k o f R e p ; N Y & C h ic
G u a ra n ty T r u s t C o , N Y
do
do
O ffic e , B irm in g h a m , A la
do
do
71 B r o a d w a y , N ew Y o r k
do
do
do
do
do
do
do
do
do
do
do
do
H a n o v e r N at B a n k , N Y .
C h eck fro m C o ’s o ffic e
17 B a tte r y P la c e , N Y
N ew Y o r k o r S t L o u is
N ew Y o r k
C o m p a n y 's O ffic e , B k ly n
C orn E x ch a n g e B k . N Y

C ollateral tru st m ortg a g e g o ld s I (o th e r b o n d s te x t) - - C e .c
Swift & C o— S to c k 5 6 0 ,0 0 0 ,0 0 0 ---------------------------------------------- - ­
F irst m o r tg a g e 5 5 ,0 0 0 ,0 0 0 g o ld ca ll a fte r J u ly 191 0------ AC
T em ple Iron — S to c k 5 5 .0 0 0 ,0 0 0 gu a ra n teed (see t e x t ) . . - - - M tge A c o ll tr b on d s 5 1 5 ,0 0 0 ,0 0 0 g gu s f (see te x t)
Q .c
Tennessee Coal, Iron & RR C o — S to ck c o m 5 5 0 ,0 0 0 ,0 0 0 a u th
P referred s to c k 8 % c u m u la t iv e ------------ . . . ---------------B irm in g h a m A la D lv c o n M g s f 1 % n o t d r a w n ------ C e.c*
T en n essee D lv b o n d s g s f 1 K % y e a r ly n o t d r a w n .. . C e . c
D e H ard M g a ssu m ed s f 530 ,000 y e a r ly n o t d ra w n
F .c*
T en n essee C o a l, Iron <s R R gen m tg e g $ 1 5 ,0 0 0 ,0 0 0 _ u n .c
5
A la b a m a S t e e l, & S h ip b u ild in g p referred 6 % cu m g u a r .
F irst m tg e g old g u a r s f reg red 110 sin ce Jan 1907 Ma
C a h aba first m tg e 5 1 ,1 0 0 ,0 0 0 g gu s f red a t 1 1 0 .
C e.c*
P o t t e r O re 1 st M 5 70 0,00 0 g g u ar Join tly (te x t) s f K share
Union B a g & Paper— P ref s to c k (as to assets A d lv) 7 % cum
F ir s t m o r tg a g e 5 5 ,0 0 0 ,0 0 0 g o ld red 105 sin k in g fu n d .T a .x c *
Union El L & P . St L ou is— 1 s t M g (o th e r b d s t e x t ) . J rtS t.c*
R e f & e x tM 550 ,0 0 0 ,0 0 0 g red 110 b e g M a y ’ lS .B a & M S t .x c * *
l
I
^ lF?rat^m ortgage g o ld red e e m a b le a t 110 sin ce N o v 1 1 8 9 5 ..

B on d s— P r in c i­
pal , W hen D u e
Stocks— Last
D ivid en d
S e p t 15 ’ 09
D e c 1 1918
J u ly 1 1951
F e b 1 1952
J u ly 1 1944
O ct 4 1909
J u ly 1 1914
J u ly 5 1909
Jan 1 1925
N o v 1 1907
F e b 1 1906
Jan 1 1917
Jan 1 1917
F e b 1 1910
J u ly 1 1951
J u ly 1 1909
J u ly 1 1930
D ec 119 2 2
D e c 1 1923
O ct 15 ’ 09
J u ly 1 1939
S e p t 1 1932
M ay 1 1933
Jan 15 1909
N o v 1 1920

6%

1
3%
1%
2%

8%

1%

2%

D I V I D E N D S .— O n c o m m o n In 1887, 1 % : In 1900, 6 % : 1902 to 1904.
n on e; M ay 1905 t o N o v . 1907, b o th in c l., 1 % q u a r.: n o n e sin ce.
S T O C K .— N ew c o m . s to c k . 3 1 0 ,0 6 2 ,3 0 7 , w as su b scrib e d an d p aid fo r b y
sto c k h o ld e r s a t p a r In 1906-08, raising the a m o u n t o u ts ta n d in g to 332,541 ,­
000 . V . 82. p . 284, 396; V . 8 3 , p . 1294: V . 8 5 . p . 923, 1406.
B O N D S .— O f th e 5 1 5 ,0 0 0 ,0 0 0 g e n . g o ld 5s o f 1901, 5 3 ,0 0 0 ,0 0 0 w ere sold
to c o m p le te th e steel m ill a t E n sle y , h a v in g a n ann ual c a p a c it y o f 100,000
to n s o f rail and 200 ,000 ton s o f s te e l and o th e r fo rm s; 5 1 0 ,6 5 4 ,5 0 0 w ere re ­
se rv e d fo r e x istin g b o n d s be a rin g 6 a n d 7 % Interest (o f w h ich 5 6 1 9,10 0 had
b e e n issued In Jan . 1 9 0 6 ), an d th e b a la n ce f o r Im p ro v e m e n ts .
V . 72. p .8 7 6 ,
940 , 989: V . 73. p . 8 6 , 554, 1117; V . 7 7 , p . 9 3 , 2162; V . 8 0 , p . 169 . T h ere
w ere also N o v . 1 1907 5 8 2 6 ,3 8 6 p u rch ase m o n e y o b lig a tio n s secu red b y
B lrm . S ou th ern R R . s t o c k , a n d bills p a y a b le 5 1 ,6 3 4 ,3 1 2 .
V . 8 6 , p . 730.
^ I n N o v 4 19O08su it w as 'b egu n b y th e G o v e rn m e n t to p r e v e n t th e o o m p a n y
J P R E P O R T .— R e p o r t f o r 1906 In V . 84, p . 1179.
N e t p rofits f o r y e a r 1907.
from h old in g s to ck s o f o th e r co m p a n ie s In v io la tio n o f a n ti-tru s t law s.
a fte r ch a rgin g o ff 5437,667 fo r d e p r e c ia tio n a n d e x tr a o r d in a r y rep lacem en ts
V 83 n 1233, 1293. A fa v o r a b le d e cisio n w as ren d ered In M arch 1909
an d 58 8 5,552 fo r n e t in te re st ch arge o n b o n d s an d floatin g d e b t , w ere
o n re-trial o f the G ov ern m e n t su it again st th e S ta n d a rd Oil C o . o f In d ia n a
5 1 ,4 2 6 ,6 8 4 . See re p o rt o f U n ite d S ta te s S te e l C o rp o ra tio n In V . 86 . p . 730.
on th e ch a rge o f r eb a tin g . V . 8 8 , p . 690.
D I R E C T O R S .— G eorge G. C ra w fo rd (P r e s .) , E lbert H . G ary'. W . E .
D IV S —
’ 97. '9 8 . ’ 99. ’ 00. ’ 01. ’ 02. '0 3 . 04. ’ 05. 06. 07. 08. 1909
C o r e y , W . B . D ic k s o n . W . J. F ilb e rt, R ic h a r d T r im b le , T h o m a s M u rray.
P er c e n t
33 30 33 48 48 45 44 36 40 40 40 40
B e lo w
F ra n k H . C ro ck a rd . V .- P . an d G en. M gr. is F ran k H . C roek a rd ; S e c. and
1907,
M arch , 1 5 % : J u n e . 9 % ; S e p t .. 6 % : N o v . 26, 1 0 % ; 1908. M arch . T r e a s ., L . T . B e e ch e r, B irm in gh a m , A la .; A s s t. S e c ., T h o m a s M u rray, 71
1 5 % • Ju n e, 9 % ; S e p t ., 6 % : D e c ., 1 0 % ; 1909, M c h .. 1 5 % : J ’ n e .9 % ;S p , 6 %
B r o a d w a y , N . Y . — (V . 85, p . 1212, 128 2, 1406; V . 8 6 . p . 672 .)
E A R N I N G S .— F or last sta te m e n t (fo r 1906) se c V . 8 8 , p . 790.
T E Y A S & P A C IF IC C O A L .— O w ns 56,700 acres o f coal lan ds In T e x a s .
O F F I C E R S .— P r e s ., J . D . R o c k e fe lle r ; V ic e -P r e s id e n ts , Jam es A . M o f­
B u siness con sists o f m in in g coal an d m a n u fa ctu rin g c o k e , b r ick , A c . S t o c k ,
fe tt a n d J oh n D . R o c k e fe lle r J r .; T r e a s ., C. M . P r a tt; S e c ., W a lte r J en n in gs.
3 2 ,5 0 0 ,0 0 0 ; o u ts ta n d in g . 5 2 ,3 5 9 ,7 3 4 .
O ffic e . 26 B r o a d w a y , N ew Y o r k .
D IV S .—
1905
’ 06 t o J ’e '08 S e p .'0 8 D e c .'08 M ch .’ 09 J u n e '09 O c t '09
D I R E C T O R S .— J . D . R o c k e fe lle r , W illia m R o c k e fe lle r , I I . M . F lagler,
P er ce n t. 1 H & 6 ser 6 y e a rly
2 scrip
IK
IK
2 s to c k
2
I I) A r c h b o ld , II. M . T llfo r d , C. M . P r a tt, O . H . P a y n e . H . C. F o lg e r J r .,
T h e rem ain in g 38 0 ,0 0 0 o f th e b o n d s w as p a id a t m a tu r ity , O c t . I 1908.
JS, t ’. B e d fo r d , C. W . D a rk n ess, J . A . M o ffe tt, F . Q . B a rsto w , J . D . R o c k e ­
P r e s ., E d g a r L . M arston , 30 B road S t ., N . Y . — ( V . 8 5 . p . 1071.)
feller J r ., A . C. B e d fo r d , W a lte r Jen n in gs a n d W . C. T e a g lc .— (V . 88 , p . 235,
TR E N T O N /P O T T E R IE S CO.— S to c k , 3 3 ,0 0 0 ,0 0 0 . o f w h ich 5 1 .1 7 0 .4 0 0
373 , 090, 825 , 1026; V . 89, p. 4 8 , 230.)
Is 8 % n o n -c u m . and 3 70 ,600 c u m u la tiv e 8 % p r e f.; " S u p p le m e n t
A p r.
S U N D A Y C R E E K C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Je r­
1897.
D iv id e n d s on p re f. fro m A p r. 1900 t o J u ly 1907, In cl., 2 % q u a rterly :
s e y Jun e 30 1905, a c q u irin g S u n d a y C reek C oal C o . (a cre a g e o w n e d In O h io ,
1908, none: 1909, O ct. 25, 1 % .
,
, , T , .
lfl 300: lea sed , 250 ); also leasin g pro p e rtie s a llied to the H o c k in g V a lle y
In J u ly 1902 5518.728 4 % fu n d in g ce rtifica te s (ln t. p a y a b le J . & I . 10)
Rv
v iz ' K a n a w h a & H o ck in g C oal A C ok e C o. a n d C o n tin e n ta l C oa l C o.
w ere Issued to fu n d th e 4 4 % a c cu m u la te d d iv id e n d s o n assen tin g p r e L , la t­
(ow n in g to g e th e r 59,500 acres In W . V a . and O h io ), fo r 39 y e a rs , a ssu m in g
te r be in g m ade 8 % n o n -c u m ., p e r plan V . 7 4 , p . 125 6. 1 he ce rtifica tes are
all Interest ch arges fo r th eir first m tg e . b o n d s, an d th e B u ck e y e C oal & s u b je c t t o call fo r a n o n -c u m u la tiv e sin kin g fu n d o f 52 5 ,0 0 0 y e a r ly , b e g in ­
R y an d O h io L and A R y . (24,350 acres) fo r 25 y ears a t rental o f 510 0 .0 0 0
n in g J an . 1903, p a y a b le o u t o f n e t p ro fits , if a n y , o v e r in t. o n c e r tfs . and d l v .
y ea rly an d r o y a lty o n co a l m in e d . T o ta l a cre a ge le a se d , 84 ,1 0 0 ; o w n e d . o n p r e f.; to Jan . 1909 5107,158 w ere p u rch a s e d a n d c a n c e le d . I n t. on
16.300. In Ju n e 1908 the H o ck in g V a lle y R y . d iv e s te d Itself o f ow n e rsh ip
c e rts, p aid to J u ly 1909, Incl. V . 7 5 , p . 8 1 . 120 8, 1258 — (V . 89, p . 1071.)
o f the c o m p a n y , the s to c k b e in g tran sferred to th e C entral T r u s t C o . or
UNION BAG & PAPER CO. (T H E ).— O R G A N I Z A T I O N .— In c o r p o r a te d
N ew Y o r k , to b e held In tru st an d r e -c o n v e y e d If c o m m o d it y cla u se o f
H ep b u rn law Is finally held to b e u n co n s titu tio n a l. V . 8 7 , p . 815 .
In M ay
1909 the H e p b u r n law w as held to b e C o n s titu tio n a l, b u t co n stru e d fa v o r ­
a b ly to th e ra ilroa d s.
In A p r . 1909 the O h io lo w e r S ta te C ou rt h e ld alleged
p. 866; V . 86, p. 977; V . 88, p. 1066; r ig h ts of sto c k , A c , V . 68, p. 675 R e ­
c o n tr o l b y H o c k . V a il, to b e Illegal. V . 8 8 , p . 1135. A p p lic a tio n t o list,
p o rt for y e a r en d in g Feb. 1 1909, w ith bal. sheet, w as In V • «». P. 881. sh o w ­
sh ow in g p ro p e r tie s o w n e d a n d leased , earn in gs and b a la n c e sh e e ts o f tn e
in g: N e t ea rn in gs, 51.088.963: In t. on b o n d s a n d notes 3174,660. d lv . on
v a riou s c o m p a n ie s , w as In V . 83, p . 160-2; see also V . 84, p . 106. S to ck
pref ( 4 % ) , 5440,000; sin k , fu n d , deprec., A c ., 5231,459. b al., 5242,844.
a u th o r iz e d , 5 4 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , 5 3 ,7 5 1 ,2 0 0 ; p a r, 5100.
S T O C K . — C o m .. 516,000,000; par, 3100. Preferred, see tab le ab ove.
B O N D S — T h e colla tera l trust 5s o f 1905 a r c s ecu red b y d e p o s it o f c e r ­
D I V I D E N D S . — O n pref.. J u ly '99 to J u ly ’06. 7 % per a n . (1 H % Quar.);
tificates o f b en eficial Interest represen tin g the en tire 5 3 ,2 5 0 ,0 0 0 C o n t C oal
O c t. 1900 to Oct. 1909, 1 % q u ar. V . 83, p. 564, 1175.
s to c k an d 5 3 ,2 3 0 .0 0 0 o f th e 53 ,2 5 0 ,0 0 0 K a n . A II C. A C s t o c k . 512 ,000
B O N D S . — A s to b o n d s o f 1905 (55,000,000 a u th o riz e d ), see V . B t, p.
o f th e b o n d s b ein g reserved to retire th e rem ain in g 5 20 .000 s t o c k . A
2402; V . 81. p. 269. 564; V . 87, p. 1667; V . 88, p. 1201. O th e r b o n d s
sin k in g fu n d o f 535,000 an d Interest on all b o n d s p r e v io u s ly re tire d w ill b e
assu m e d , *260,000: o b lig a tio n s for pu rch ase of properties, 5630,102.
used to d ra w b o n d s b y lo t a t p ar J u ly 1 y e a rly
O F F I C E R S . — C h a ir m a n of B o a r d , L . G . Fish er: Pres., E d g a r G . B a rra tt;
R E P O R T .— R e p o r t fo r y e a r en d in g M ch . 31 1909, In V . 8 9 , p . 221.
2d V . -P ., J. A . K im b e r ly Jr.; T re as., E . S. C o lem an ; Sec., W . L . S p a rk s .
sh o w e d : N e t, 561 0,67 5; ln t ., sin k in g fu n d , Im p r o v e m e n ts , A c ., 577 3,61 8;
Office, 17 B a tte r y P lace, N . Y . — (V . 88, p. 1201. 1260: V . 89, p. 724.)
UNION DEPOT CO. OF COLUMBUS, O — T h e P. O. C. A S t . L. owns
baO F F T C E R s !L p r e !)2 ! 9 W illlam K e lse y F ie ld ; V .- P ., N . D . M on sarrat;
a h a lf In terest In th is p ro p e rty .— (V . 63, p. 117; V . 64, p. 804.)
T r e a s .. H a r ry J . R eese; A u d ., S. C. G a lle y .
O ffic e , 44 E a st B r o a d a t .,
C o lu m b u s , O h io .— (V . 8 7 , p . 815; V . 8 8 , p . 1135; V . 8 9 , p . 4 8 , 167, 221.)
UNION ELECTRIC LIGHT & POWER CO., ST. LOUIS.— O R G A N I Z A ­
S W IF T & C O .— O R G A N I Z A T I O N .— In c o r p o r a te d in Illinois A p ril 1 T I O N . — In c o rp . In M o . In Ju n e 1902 a s a co nsolid atio n; In Se p t. 1903 the
M iss o u ri E d is o n E le c tric Co. w as a b sorb ed . V . 77, p. 40, 774. D o c s prac­
1885.
H as p a c k in g plan ts a t U n io n S to c k Y a rd s , C h icago; a t S ou th
tic a lly a ll of the e le ctric-ligh tin g b u sin ess of S t. L o u is.
H a s a 10 -y e a r con­
O m a h a , K a n sa s C ity , E a s t S t. L o u is , S o u th S t. J o s e p h , S o u th S t. P a u l a n d
tract w ith S t. L o u is T r a n s it Co. to su p p ly a b o u t 12,000 horse-p aw t*; an d
F ort W o rth .
V . 8 1 , p . 1854.
co ntract to su p p ly p u b lic c ity electric lig h tin g till Se p t. 1 1»10. N o rth
S T O C K — S to c k h o ld e r s In 1906 pu rch a sed 5 1 5 ,0 0 0 ,0 0 0 new s to c k a t par
A m e ric a n Co. ow n s p ra ctic a lly a ll of the o u tsta n d in g stock. V . 80, p. 1000.
and In 1909 5 1 0 .0 0 0 ,0 0 0 a t p a r, p a y a b le F e b . o 1909. V . ' 88 , p . 105.
D iv i­
I n D e c. 1907 L acled e P ow er Co. w as p u rch ased . V . 8 5 , p . 1522; V . 86, p. 290.
d e n d s sin c e 1888. 1889 to 1894, I n c l.. 8 % ; 1895 t o J u ly 1898 in c l., 6 % ;
S ta te m e n t sh o w in g properties, A c ., see V . 86, p. 1040; a lso V . 83, p. 269.
O ot 1898 to O ct 1909, 7 % .
B o n d s , see ta b le .
D a te.
In terest. O u tstan d g. Last d i e .,A c .
Securities__
R E P O R T __R e p o r t fo r y e a r e n din g D e c. 31 1908, w ith b a la n ce s h e e t, w as
in V 88 n 155
In 1908 sales w e re " o v e r 5 2 4 0 ,0 0 0 ,0 0 0 ,” a g a in s t " o v e r
*2 6 0 000 0 0 0 " in 1906-07; net o v e r 5 7 ,6 0 6 ,1 1 5 ; d e p r e c ia tio n , S l.7 0 0 ,0 0 0 ;
1inner L H A P 1st M
...........
5
144,000 ........... .....
reserve fu n d 51 3 0 6 ,1 1 4 ; d iv id e n d s ( 7 % ) , 5 3 .5 0 0 .0 0 0 ; b a l.. s u r ., 5 2 .8 0 0 ,0 0 0 .
M o ? E l. L t.
P o w e r 1st
------- 1891
0 Q .- F .
.
AI a y
p S « ' T n .V u F S w ift V . - P . . E d w ard F . S w ift; T r e a s ., L . A . C a rton ; S e c .,
M o . E d . 1st cons. M ., 33,-1 1897 5 g. F . A A .
3,198,000 A u g l 1927
D . F.'.’ H a rtw ell’. D irectors, Jan 1909, V . 84 p 100; V . 8 8 . p . 105.
O ffic e ,
198,000, g o ld __________ c*J
In t. in S t. L o u is o r N e w Y o r k .
U . E . L A P . 1st M . (510,000,000 au th o riz ed Issue), see tab le a b ave.
C h ic a g o .— ( V . 8 7 , p . 1483: V . 8 8 , p . 105, 105, 629.)
R e f. A ext. M . (550,000.000 a u tho rized issu e), see tab le above.
SY R A C U SE L IG H T IN G C O .— (V . 8 8 , p . 298, 825; V . 8 9 , p . 1 6 7 . )
S T O C K — O f the stock. 5171,325 Is reserved for ex ch a n geT or o u tsta n d in g
T E M P I F IRO N CO — O R G A N I Z A T I O N — In c o r p o r a te d In 1873 In P e n n ­ M is s o u r i-E d is o n E le c tric stoc k a n d 34,115.000 w as held In tru st fo r the
s y lv a n ia , a n d hi M ch . 1899 p u rch ased a n th r a c ite co a l p ro p e rtie s a rou n d
tre asu ry, of w hich 53,000,000 w as pledged to secure the 3 -y ea r note* due
S cra n to n P a
V . 69, p . 231. C o n tro lle d b y D e l. L a ck . & W ., C e n t. R R .
1909. Sto ck h o ld e rs voted D ec. 3 1907 to increase the au tho rized stock
o f N J . R e a d in g C o ., L eh igh V a lle y , Erie and N . Y . S u sq . & W e s t ., w h ich
from 310,000,000 to 518,000,000. V . 85. p. 1007, 1466. I n Sept. 1909
g u a ra n tee b o t h s to c k and b o n d s.
V . 7 1 , p . 1124, 1170; V . 78, p . 2015.
6 % d iv id e n d s were b ein g p aid . V . 86, p. 1163.
B O N D S . — O f the 5s of 1902, 33,798,000 Is reserved to retire th e M o .
S T O C K A N D B O N D S .— T h e ce rtifica te s o f ben eficia l Interest In the
E d is o n a n d M o . E l. L . A P . bon ds. C a sh d eposited to retire Im p . L . H . A
s t o c k w ere retired D e c . 31 1906 an d th e s to c k d is trib u te d a m o n g th e variou s
P . bon ds. V . 76, p. 1360; V . 77, p. 40; V . 78, p. 1396; V . 79. p. 2751.
roa d s
B o n d s are s ecu red b y s to c k s o f p r o p e rtie s o w n e d and are s u b je c t
I n J an . 1908 filed a re fu n d in g a n d exten sion m o rtg a ge for 350,000,000.
to t a li b y sin k in g fu n d o f 15 c e n ts p e r to n o n co a l m in ed a t 110 and Interest;
O f the bon d s. 55.500,000 have been so ld . 5 1 0 .000.000 are reserved to
th ey are g u a r a n te e d , b u t s e v e ra lly In d iffe re n t p r o p o r tio n s , b y the railw ays
retire u n d e rly in g b on d s a n d the re m a in in g 534,500,000 are Issu a b le for not
above nam ed.
B on d s fo r 5 1 1 ,0 0 0 ,0 0 0 are rese rv e d fo r a d d itio n s . V . 71,
ov e r 8 5 % of cost of exten sion s a n d Im p ro v e m e n ts, on co n d itio n th a t the
p . 112 4, 1170; V . 75, p . 926.
net ea rn in gs of the pre v iou s y e a r sh a ll h ave been 5 0 % In excess of Interest
O F F I C E R S .— P r e s ., G e o . F . B a e r, P h ila d e lp h ia , P a .: V .- P . a n d T r e a s .,
on b on d s, Incl. those proposed to be Issu e d. V . 86, p. 232, 1163; V . 87,
A . F . L a w , S c r a n to n , P a .; S e c ., G e o . L . H a u se r.— (V . 7 8 , p . 2 0 1 5 .)
TE N NE SSE E C O A L , IRO N & R A I L R O A D C O M P A N Y .— O R G A N I Z A ­ P E A J t N I N G S . — F o r y e a r en d in g Se p t. 30 1909, gross, 53,058,735; net,
T IO N — O w ns steel rail m ill, b la s t fu rn a ce s , c o a l m in es, Iron m in e s, f o u n ­ a fte r taxes, ren tals, A c ., 31.579.106: in t. on b on d s, A c., 5829,570; d iv s.
d ries, & c ., In T en n essee and A la b a m a . V . 70, p . 558; V . 8 4 , p . 1179.
In
( 6 % ) , 5593,100: b al.. su r., 3156,436. C a le n d a r y e a r 1908, gross. 33,013.J u ly 1906 r e -p u rch a s e d B irm in g h a m S o u th e rn R R . , 26 m iles. V . 8 3 , p . 42;
V 84 P- 117 9.
In 1906 T e n n . C oal & Iro n an d R e p u b lic Iro n & S te e l co s .
^ O F F I C E R S . — Pres.,' C h arles W . W e tm o re ; V . - P . , J u liu s S . W a ls h a n d
loln tl’v p u rch a sed a b o u t 1,8 0 0 acres o f Iron o r e lands near B irm in g h a m ,
B re c k in rid g e Jones; V . -P . an d G en. M g r ., A lt e n S . M iller; Sec. a n d Tre as.,
lo ln tly g u a ra n teein g 5 70 0,00 0 P o t t e r O re 5 % b o n d s. V . 83, p . 1416, 973 .
H SDoehrer. N e w Y o r k office, 30 B r o a d S t .— (V . 85, p. 1007. 1460.
O n N o v 30 1899 th e A la b a m a S teel & S h ip b u ild in g C o . pla n t w as o p e n e d
1522; V . 86. p. 232. 725; V . 88. p. 311.)
a t F n sle y C it y . T h e p lan t has ten o p e n -h e a rth fu rn a ce s o f 50 ton s ea ch and
UNION FERRY.— O pe rates five ferry lin e s betw een N e w Y o r k an a
a piinnoltv o f 1 .000 ton s o f steel b ille ts an d slabs d a lly , an d is leased to the
B r o o k ly n . T h e m tge. covers 19 fe rry b o a ts, real estate, A c .
Fares in ­
T e n n C oa l I r o n & R R . C o ., w h ic h g u aran tees Its 5 1 ,1 0 0 ,0 0 0 6 % b o n d s
creased V . 87, p. 1537.
an d *440 000 6 % p r e f. s t o c k , o f w h ic h p a rt In trea su ry. V . 7 0 , p . 591.
I n Feb . 1909 $700,000 b o n d s h a d been p u rch ased a n d canceled, red u cin g
T h e c o m m o n s t o c k , all o w n e d b y T e n n . C o a l, Iro n & R R . C o ., carries c o n ­
th e o u tsta n d in g a m o u n t to 31,500,000. V . 88, p .5 6 9 .
trol
v 66 P 1002. 1235; V . 67, p . 127, 801; V . 7 0 . p . 1196; V . 7 2 . p . 584.
D IV ID E N D S —
1 1894 t o ’07.
’98.
90 190 u to J an . *08
1909.
Ill
N o v 1907 th e U n ite d S tates S te e l C o rp . a c q u ir e d all b u t a b o u t 5 2 2 5 ,­
P ercent
.......
f 4 yearly.
3K
3
2 yearly.
J an . 2
000 o f 332' 541 000 c o m . s t o c k , g iv in g 511 ,904 76 In b o n d s fo r 5 10 ,000 s t o c k .
P res.. J. D . F a ir c h ild .— (V . 88. p. 311, 569.)
V . 85, p . 121 2, 1282: V . 86 , p. 730.

fro m w ells o w n e d b y the S ta n d a rd Oil C o . an d Its a ffilia te d con ce rn s
The
p ipe lines an d 18 rclln crles o f th e several c o m p a n ie s , it w as a lle g e d , h an a ie a
In 1904 8 4 % o f the c o u n t r y ’s o u tp u t o f cru d e o il a n d p r o d u c e d 86 K , o o f
th e o u tp u t o f Illu m in atin g oil [D ir e cto r A r c lib o ld said 70 to 7 o % or tn e
refin ed o il, V . 82, p . 8 0 9 — E d .] and a b o u t th e sam e p r o p o rtio n s o f th e o tn e r
finished p r o d u c ts o f p e tr o le u m . V . 8 2 , p. 1105; V . 8 4 , p . 1252.
S T O C K .— I t has lon g b e e n r e p o rte d th a t a large Increase In J^V®
z a tlon Is c o n te m p la te d w h e n e v e r tim es are p r o p itio u s in o r d e r t o m ak e
th e a m o u n t o f th e share ca p ita l c o rre s p o n d a p p ro x raa,tely w ith th e to ta l
va lu e o f a ssets. T h e nu m erou s Increases In the ca p ita l s to c k o f c o n tr o eu
p r op erties m a d e In 1907-08 are t h o u g h t .b y s o m e t o be forerun nersi o f such
a ch a n ge ( V . 8 8 , p . 808; V . 87, p . 1303. 170, 100; V . 8 6 , p . 1046, 984 .




&

M

J\
ll\

M IS C E L L ,A N E O US
F o r exp la n a tion o f colu m n headings, & c ., see notes on
first page o f tables

D ate
of
B on d s

U nion Steel— F irst & c o ll m tg e $-15,000,000 g gu s f . . N , c * & r
U nion S tock Y a rd s o f O m a h a— S to c k $ 7 ,5 0 0 ,0 0 0 --------------------U nion S w itch & S ignal— C o m m o n s to c k $ 2 ,0 0 0 ,0 0 0 a u t h ____
P referred s to c k (see t e x t ) --------------------------------------------------------F irst c o n s o l m o r tg a g e g o ld d u e $50 ,0 0 0 J u ly 1 y e a r ly _____
U n ion T y p e w r ite r — C o m m o n s t o c k --------------------------------------------F irs t 7 % p referred s t o c k c u m u la tiv e ________________________
S e c o n d p referred s t o c k 8 % c u m u la tiv e $ 6 ,0 0 0 ,0 0 0 a u t h ___
U n ited B a n k N ote C o r p o r a tio n — C o m m o n s to c k $ 5 ,0 0 0 ,0 0 0 -­
P referred 6 % cu m u la tiv e $ 5 ,0 0 0 ,0 0 0 (also as to a s s e ts )___
U n ited B o x B oa rd — S to c k $ 1 5 ,0 0 0 ,0 0 0 a u th o r iz e d ____________
G en m tge $ 2 ,7 5 0 ,0 0 0 g red p ar s f $50 ,0 0 0 y e a r ly -_ T a .c * 1906
C ollateral tru st b o n d s $ 1 ,7 5 0 ,0 0 0 redeem a t p a r ____ T a .c* 1906
U n ited C ig a r (M anufacturers— C o m m o n s to c k $ 1 5 ,0 0 0 ,0 0 0 ___
P referred s to c k (also assets) 7 % cu m u la tiv e $ 5 ,0 0 0 ,0 0 0 ___
U n ited C o p p e r — C om m on s to c k $ 7 5 ,0 0 0 ,0 0 0 a u th o r iz e d _____
S to c k 6 % g cu m p r (offer V 8 4 , p 343) can be c a lle d a t 125
U n ited D ry G o o d s C os— C o m m o n s to c k $ 3 5 ,0 0 0 ,0 0 0 a u t h ___
P r e f s to c k (also as to assets) 7 % cu m $ 1 6 ,0 0 0 ,0 0 0 a u t h ___
U n ited F ru it— S to c k $ 2 5 ,0 0 0 ,0 0 0 a u t h o r iz e d _________________
Serial d eb s (fo r N Ipe H ay Co) g o ld re d e e m 103 a fte r 1 9 1 0 -. 1907
D eb en tu res g o ld $42 5 ,0 0 0 d u e y e a r ly be g in 191 4___ x c * & r*
1908
N o r R y o f C osta R ic a 1st M g red 105 s f & Int g u a r . _O B .c* 1900
U nited G a s I m p r o v e m e n t C o (T h e )— S to c k $ 5 0 ,4 9 0 ,2 7 5 .. . _
U n ited S hoe M a ch in ery C orn— C o m m o n s to c k $ 3 5 ,0 0 0 ,0 0 0 ..
P referred s t o c k 6 % cu m u la tiv e $ 1 5 ,0 0 0 ,0 0 0 ________________

S iz e, or
Par
A m ount
V a lue
O utstand ing

$1,000&C $ 3 3 ,6 3 3 ,0 0 0
100

50
50

1,000
100
100
100

50
50

100

250 &c
100 & c
100
100
100
100
100
100
500 &c
500 &c
1,000
50
25
25

UNION STEEL CO.— T h e U n ite d S tates Steel C o r p o r a tio n , w h ich to o k
p ossession as o f Ja n . 1 1903, ow n s the en tire $20 ,0 0 0 ,0 0 0 s t o c k , gu aran teein g
$ 4 5 ,0 0 0 ,0 0 0 o f 5 % b o n d s.
See V . 75, p . 1359, 1150; V . 74, p . 100.
P la n ts a t D o n o r a an d S h a ro n , P a ., w ith d a lly c a p a c ity as fo llo w s ; 5 blast
fu r n a c e s , 2,500 ton s; 24 o p e n -h e a r th fu rn a ce s , 2,400 ton s; 4 b lo o m in g , s la b ­
b in g a n d sh eet b a r m ills; 4 ro d m ills, 800 tons; 2 w ire an d nail m ills, 7,000
k egs; 1 p la te m ill, 400 ton s; 1 tin -p la te p la n t, 3 ,6 0 0 b o x e s ; 2 sheet plants,
1 b y -p r o d u c t c o k e pla n t (212 o v e n s ), 1,000 ton s.
C ok in g coal p r o p e r ty In lo w e rC o n n e lls v llle d is tric t, 4 ,7 4 0 a c r e s o f coa l and
810 a cres o f su r fa c e . S tea m coa l p r o p e r ty o n M o n o n g a h e la R iv e r , 1,524
acres o f coa l an d 179 acres o f su rfa ce . T w o m o d e rn steel o re steam ers.
T h e S h a ron a n d P e n o b s c o t m ines (In fee) an d D o n o ra and S w e e n y m ines
(lea s es ), o n th e M esaba ran ge, estim a te d to co n ta in 4 0 ,0 0 0 ,0 0 0 ton s o f o re.
B O N D S .— T h e 1st an d c o ll. 5s o f 1902 ($ 4 5 ,0 0 0 ,0 0 0 a u th o rize d Issue,
are gu a ra n teed p rin cip a l a n d Interest b y the U . S . Steel C o r p ., and are
secu red b y all th e p r o p e r ty o f th e c o m p a n y , In clu din g the Sh a ron Steel s to c k
a c q u ir e d .
T h e y are s u b je c t to call sin ce D e c. 1 1907 a t 110 and Interest
O f th e b o n d s , $ 3 9 ,1 5 6 ,0 0 0 h a ve b e e n Issued, o f w h ich $ 4 ,7 2 4 ,0 0 0 w ere held
a liv e in sin k in g fu n d on Ja n . 1 1909, $ 5 ,8 2 6 ,0 0 0 arc to be used to retire u n ­
d e r ly in g b on d s an d b a la n ce Is re served fo r fu tu re p u rposes. A n annual
sin k in g fu n d p a y m e n t o f 2 % o f th e a m o u n t o f b o n d s o u ts ta n d in g .
V 75
p . 1150; V . 76, p . 107, 546.
G u a ra n ty , V . 76, p. 709.
U nderlying bonds—
D a te.
Interest. O utstanding.
M a tu r ity .
S h a ron S teel 1st M . g . sin k in g ] 1900
S g A & O
$ 7 8 0,00 0 O ct. 1 1940
fu n d ________ _______________ J S u b je c t to call a t p a r a fte r O ct. 1 1910.
S h a ron S teel M tge. (1st o n ) 1901
5 g J & D
7 96 ,000 Jun e 1 1941
tu b e m ill, 2d on o th e r p ro p - f S u b je c t to call a t 105 to Ju n e 1 1911; th e re ­
erty)
a fte r a t par.
S h a ron C ok e first m o r tg a g e .
1901
5 g J & D
8 5 0 ,0 0 0 D e c . 2 1931
S u b je c t to call sin ce 1906.
— (V . 76, p . 107, 33 4 , 545, 70 ; V . 7 8 , p . 1171, 1227; V . 83, p. 912.)
UNION STOCK YARDS OF OMAHA.— O R G A N I Z A T I O N .— I n c o r p o r ­
a ted in N eb ra sk a In D e c. 1887. O w ns a b o u t 200 acres o f lan d a t Sou th
O m a h a , c o v e r e d w ith bu ild in gs, & c ., to ca rry o n business a n d o th e r real
esta te.
In M a y 1903 It w as v o te d to increase the s to c k fro m $6,0 0 0 ,0 0 0 to
$ 7 ,5 0 0 ,0 0 0 , the new s to c k b e in g d is trib u te d , it w as u n d e rs to o d , as a 2 5 %
s to c k d iv id e n d . V . 76, p . 927; V . 8 3 , p . 162. Cash d iv id e n d s are p a id , 6 %
y e a r ly ( Q .-M .). T h ere are n o b o n d s .
R e p o r t fo r y e a r e n d in g N o v . 30
1907, in V . 8 7 , p . 284, S how ed, gro ss, $ 80 9,78 2; n e t, $49 0,50 1; d iv s . ( 6 % ) ,
$ 4 4 0 ,8 0 8 ; b a l., s u r ., $40 ,6 9 3 .
T o ta l su rplu s, N o v . 30 1907, $ 2 5 4 ,0 8 6 ,
P r e s ., R . J . D u n h am ; S ec. an d T r e a s ., J . C. S h a rp .
D ire cto rs Ja n . 1908.
V . 85. p . 1649. O ffic e , S o u th O m a h a , N e b .— (V . 8 6 , p . 232; V . 87, p . 284.)
UNION SWITCH & SIGNAL CO.—-O R G A N I Z A T I O N .— In c o r p o r a te d
In P a . In 1882.
O w ns p la n t a t S w lssv a le , P a .
In 1898 a c q u ir e d N a tio n a l
S w itc h & S ign al C o.
V . 68, p . 471; V . 67, p . 738 .
S T O C K .— P ref. Is e n title d to 6 % ah e a d o f c o m m o n , th en A % fo r e v e r y
1 % o n c o m . u n til 1 2 % Is r ea ch e d ; th e n b o th share a lik e.
V . 84, p . 453.
D I V S . (since 1 8 9 8 ) - ’ 99. ’0 0 . ’ 0 1 . '0 2 . ’ 0 3 . ’0 4 -’0 6 . ’0 7 . ’0 8 .
1909
6 7A
8
8
9 10 y ’ ly 12 12
12
O n p r e fe r r e d ............. ......... %
O n c o m m o n ______•
______ %
0
3
4
4
6
8 y ’ly 12 12
12
R E P O R T .— R e p o r t fo r c a l. y e a r 190 8, In V . 88, p . 561, sh o w e d ; G ross,
$ 2 ,1 2 3 ,5 4 3 ; su rp . o v e r ln t ., $ 7 7 ,8 4 9 ; d iv s . o n c o m . ( 1 2 % ) , $240,000; d iv
o n p r e f. ( 1 2 % ) , $ 5 0 ,7 1 2 .
In 1907, gro ss, $5 ,0 2 3 ,5 9 9 .
P r e s ., G eorge W e s tln g h o u s e ; S e c . an d T r e a s ., Jam es J o h n so n .
O ffic e .
S w lssv a le, P a .— (V . 8 5 , p . 1282; V . 8 6 , p . 478; V . 88, p . 509, 581.)
UNION TYPEW RITER.— O rga n ized in 1893 In N . J .: re -ln c o r p o r a te d
In N ew Y o r k In M ay 1909. V . 88, p . 752, 1377; V. 89, p . 925. A c o m b in a ­
tio n in clu d in g W y c k o ff, S eam an s & B e n e d ict (R e m in g t o n ), Y o s t W ritin g
M ach in e, A m e r ic a n W r itin g M ach in e (C a lig ra p h ), M on arch , S m ith P rem ier
a n d D en sm ore T y p e w r ite r c o s . V . 7 9 , p. 1481. D e cis io n , V . 84, p. 630.
D I V S .—
] ’ 94. ’ 95. ’ 96. ’ 9 7 . '9 8 . ’ 99. '0 0 . ’0 1 . ’ 0 2 -’ 0 7 . ’0 8 .
1909.
1st p r e f -------% ) 7
7
7
7
7
7
7
7 7 y ’ ly
7
7
2 d p ref --------%
0
6
6
8
8
8
16 16 8 y ’ ly
8
8
C om s t o c k . . % J .......................................
_.
..
..
c y ’ly
0
0
R E P O R T fo r y ea r e n d in g D e c. 31 1908, w ith ba la n ce sh e e t, In V . 88, p .
745 , sh ow ed p rolits , $ 8 1 2 ,6 2 9 ; d lv . o n 1st p re f. ( 7 % ) , $28 0 ,0 0 0 ; d lv . on
2d pref. ( 8 % ) , ln c l. $ 6 0 0,00 0 held In tre a su ry as In vestm en t, $44 8,00 0;
b a la n ce , su rp lu s, $ 84 ,629 .
P r e s ., C larence W . Seam an s; S e c ., G e o . K . G lllu ly , 280 B ’ w a y , N Y
O ffic e , J ersey C ity , N . J .— (V . 8 8 , p . 752 , 8 2 5 ;< V . 8 9 , y . 925.)
UNITED BANK NOTE CORPORATION.— O R G A N I Z A T I O N .— I n c o r ­
p o r a te d In N . Y . F e b . 20 1906 an d a c q u ir e d , p er plan V . 81, p . 1851, 1794,
p r a c tic a lly all o f the s to c k o f th e A m e rica n B a n k N o te C o.
S T O C K • S to c k ou ts ta n d in g , $ 3 ,9 9 7 ,1 0 0 ea ch o f co m m o n an d preferred.
—
S to c k h o ld e r s In 1909 s u b s c r ib e d a t p ar fo r $50 0,00 0 ea ch o f co m m o n
a n d p r e fe rr e d , p a y a b le 5 0 % F e b ru a ry 1, 2 5 % Ju n e 1 an d 2 5 % O cto b e r 1
190 9, th e p r o c e e d s to be u sed to b u ild th e n ew pla n t In B r o n x B o ro u g h ,
N ew Y o r k .
V ’ , 7 ’ P- 1609; V . 8 8 , p . 105 . N o lien shall be crea ted or
8
a d d itio n a l s to c k Issued w ith o u t the assent o f 8 0 % o f ea ch class o f sto ck .
D I V I D E N D S o n p ref. s t o c k , l ' A % q u a r ., paid J u ly 1906 t o O ct. 1909,
ln c l.; on c o m ., A u g . 1906 t o A u g . 1909, b o th ln c l., 1 % q u a r.
R E P O R T .— R e p o r t fo r c a l. y e a r 1908, in V . 88, p . 100 1, sh o w e d : N et
p r o lits , $41 7 ,9 6 7 ; d iv . o n p r e f. s to c k ( 6 % ) , $23 9 ,8 2 6 ; d iv . o n c o m . s to c k
( 4 % ) , $15 9 ,8 8 4 ; d iv . on s to c k o f o ld C o . o u ts ta n d in g , $90: b a l., su r p .,
$ 1 8 ,1 6 7 .
O ffic e , 70-72 B roa d S t ., N . Y . — (V . 8 8 , p . 105, 1001.)
UNITED BOX BOARD CO.— O R G A N I Z A T I O N .— In c o r p o r a te d In N ew
J ersey o n O c t . 27 1908.
S u cce sso r M arch 1909 o f U n ite d B o x B oa rd &
P a p e r C o. per plan V . 87, p . 1163; V . 8 8 , p . 298 , 509.
A ll e x c e p t a few
th ou s a n d shares o f th e old p r e f. an d a fe w h u n d red shares o f c o m m o n agreed
t o p a y assessm ents.
r he o ld preferred s to c k re ce iv e d $ fo r $ In new s t o c k o n p a y m e n t o f
l
a n assessm ent o f $7 p er sh are, an d 5 shares o f th e o ld c o m m o n (assessm ent
$1 40 per old share) on e share o f new s t o c k . T h e plan re d u ce d th e o u t­
s ta n d in g s to c k from $ 24 ,191 ,75 2 (o f w h ic h $12 ,0 3 7 ,6 0 8 p r e f.) t o $ 1 4 ,468 ,43 7
a n d p r o v id e d $ 1 ,0 1 2 ,7 9 0 cash t o p a y llo a tin g d e b t , & c.
In M arch 1906 the C h ica go p r o te c tiv e co m m itte e a cq u ire d c o n tr o l, Its
C
Iteliell, be in g e le cte d P re sid e n t.
o n o ? i n , \'A_ ^ n^ e
nSArnpa. y .ow ns (1) In f e e > a n d
n
th ro u g h ow nersh ip
o f 9 0 % o f the $ 6 ,0 0 0 ,0 0 0 ca p ita l s to c k o f the A m erican S tra w B oa rd C o .,
. (D P la n ts Owned in F e e .— M u ncle, I n d .; P eoria, 111.: S h e lto n , C o n n .;
M l t o n , N . H ., B en ton Falls, M e.; R o c k p o r t , I n d .; L o c k p o r t , N . Y .;
t 1*;
’i i1
V ro ai? a ’ ,
.W a ld r o n , III.; W h ip p a n y , N . J .: E a to n ,
I n d ., F a irfield , M e.; S ch u y le rv llle , N . Y . ; M id d le to w n , O .; W a b a s h , I n d .;
Y o rk to w n , In d .
.
.
.
.
.
- . (2) P la n ts o f A m erica n Strawboard C o .— A n d e rso n , I n d .; K o k o m o , I n d .;
C lr c le v llle ’ ° . ; L im a , O .; T ip p e c a n o e , O .; L o c k p o r t , 111.; W ilm in g to n , III.;
N o b le s v llle , I n d .; C h estertow n , M d .; D a y to n . O .: P lq u a , O .; T iffin , O .;
Q u in cy , 111.; W in c h e s te r , V a .; N o rw ich , C on n.




I N T E R E S T OR D I V I D E N D S
R ate
%

5 g

7 .4 9 6 .1 0 0 6 In 1908
2 ,0 0 0 ,0 0 0 12 in ’ 09
4 9 7 ,6 0 0 12 In ’ 09
94,000
5 S
1 0 ,0 0 0 ,0 0 0 See t e x t
7 000 1909
In
4 .0 0 0 .
8 000 1909
In
5 .0 0 0 .
4 .4 9 7 .1 0 0 4 in 1908
4 .4 9 7 .1 0 0 6 in 1909
1 5 .0 0 0 .
000
1 .5 9 2 .0 0 0
6 g
1 ,2 4 0 ,2 5 0
6 g
1 5 .0 0 0 .
000
5 In 1909
7 000 1908
in
5 .0 0 0 .
See t e x t
4 5 .0 0 0 .
000
5 .0 0 0 . 000See te x t
See t e x t
See t e x t
S ee t e x t
S ee te x t
2 3 ,4 7 4 ,0 0 0 S ee t e x t
1 .440.000
5 g
4 .2 5 0 .0 0 0
4a g
8 0 4 ,0 0 0
5 S
8
5 0 ,4 7 3 ,3 5 0
2 4 ,6 3 1 ,6 9 5 Sec te x t
9 ,4 3 4 ,0 7 5 6 In 1909

W hen
P a yable
J

W here P a y a b le, and by
W hom

& D
Q— M
Q— J
Q— J
&
J
& O
& O
Q— J

J
&
J
J & J 15
See te x t
Q— M
Q— J
M & N
Q— F
Q— J
Q — J 15
J
& D
J
&
J

M

&

s

Q— J
Q— J
Q— J

15
15
15

B on d s— P r in c i­
pa l, W h en D u e
S tocks— Last
D ivid en d

N e w Y o r k T ru st C o, N Y D e c 1 1952
S e p t 1 ’ 09 1 y2%
O ct 11 ’ 09 3 %
O ct 11 '09 3 %
J u ly 1910-1913
O ct 1 1907 3 %
O ct 1 ’ 09 3 'A %
O ct 1 ’ 09
4%
A u g 16 '09 1 %
O ct 1 ’ 09 l 'A %

C h eck s m ailed
do
F id e lity T it & T r C o ,P itt
C h eck fro m C o ’s O ffice
do
do
do
do

T ru s t Co o f A m e r ic a , N Y Jan 1 1926
Jan 15 1926
C h eck fr o m C o ’s O ffice N o v 1 1909 2 %
S ept 1 ’ 09 1 H %
do
do
42 B r o a d w a y , N ew Y o r k A u g 6 '07 1 % %
M ay 1 5 ’ 07 3 %
do
do
C h eck s m ail d
N, v 1 ’ 09 2""o
do
S ep t 1 ’ 09 1
C o m p a n y ’s o ffic e , B o sto n O ct 15 ’ 09 2 %
do
do
Jun e 1 1910-18
B o s to n an d L o n d o n
J u ly 1 1923
O ld C o lo n y T r C o, B o sto n S e p t 1 1915
P h ila d elp h ia O ffice
O ct 15 ’ 09 2 %
C h eck fro m C o ’s o ffic e O ct 5 ’ 09 2 %
do
do
O c t 5 ’ 09 1 K %

A lso o w n s th e en tire ca p ita l s to c k o f th e B e n to n & F a irfield R a lw a y C o.
a n d the c o n tro llin g in terest in the N a tio n a l N ew s B o a rd C o ., a N . J . c o r ­
p o r a tio n o w n in g certa in p a te n ts w h ich c o v e r th e m a n u fa ctu re o f b o x b o a r d .
B O N D S .— T h e o u ts ta n d in g fu n d e d d e b t In June 1909 w as:
U n d e r ly in g liens due (average) 1 9 1 7 . . ________ ______________________ $902,000
G eneral m o rtg a g e 6 % b o n d s, due 1 9 2 6 ___________ _________________ l ,592,000
C ollateral tru st b o n d s, due 1926, secured b y 4 2 ,9 8 0 shares of
A m erican S tra w b o a rd s to c k (V . 84, p . 1 0 6 )____________________ 1,2 4 0 ,2 5 0
T h e u n d e rly in g liens o n 14 plants (see list, V . 75, p . 1 3 0 8 ), v iz .:
T r a d e rs ’ P a p e r C o ., N . Y . , 6s, $20 0 ,0 0 0 , d u e b y N o v . 1919; T h o m p so n
P u lp & P a p e r C o ., N . Y . , 6s, $ 20 0,00 0: Som erset & K e n n e b e c C o ., M e.;.
$ 28 3,00 0; T y t u s P a p e r, & c ., ( ) . , $ 12 2,50 0; W a b a sh P a p e r C o ., In d ia n a ,
$20 0 ,0 0 0 ; P eoria S tr a w b . C o ., 111., 6s, $10 0,00 0; W ils o n et a l., $23 ,0 0 0 , & c.
A m e r. S tra w b o a rd C o. has o u ts ta n d in g $20 0,00 0 1st sink, fu n d g o ld 6s,
due F e b . 1 1911, ln t. p a id F'. & A . a t In te rn a tio n a l T ru s t C o ., B o s to n ; it
also assum ed $50 ,000 U ncas P a p e r C o. b o n d s o n p urchase o f th a t c o m ­
pany.
V . 84, p . 107; V . 8 3 , p . 1541. S ta te m e n t o f A m . S tr a w b . C o . for
y ear e n d in g D e c. 31 1907 w as In V . 8 6 , p . 477.
R E P O R T .— Earns, o f o ld C o. Tor y e a r e n d . D e c. 31 1907, w ith bal. sh eet
o f Ju n e 27 1908, see plan V . 87, p. 1163, a n d c o m p a r e re p o rt V . 86, p. 477 .
T o ta l net in co m e , lncl. subsidiaries, w as $ 94 1,67 7, a gain st $ 6 7 9,39 0 In 1906;
Interest ch arges. $23 3,93 8; b a l., su rplu s, $707,739.
D I R E C T O R S .— S id n e y M itchell (P r e s .), H y a t t C o x ( V .-P . an d T r e a s .),
C has. C. A d sit ( V . - P .) , W . C. S ta le y (S e c .), L u th e r W . B o d m a n , G eo. J .
M a r r o tt, A . A lb e rt S a ck , J o s. E . O tis, H erm an G rossm an , ,J. M . H op k in s,
G e o . II. W e b s te r, E . C. B o d m a n , W . H . B ln n lan and E u gene M . S trehl.
N . Y . o ffic e 200 F ifth A v e .— (V . 8 8 , p . 1135, 1377.)
UNITED CIGAR MANUFACTURERS CO.— O R G A N I Z A T I O N .— In ­
co r p o r a te d In N ew Y o r k A pril 28 1906. S u ccessor U nited Cigar M frs.
O w ns en tire s to c k o f S traiton & S to rm C o . an d L ich te n ste in B ro s. C o . of
N ew Y o r k an d $23 6,00 0 o f $400,000 s to c k o f G eo. L. S torm & C o.
L eh m an
B ro s , a n d G o ld m a n , Sach s & C o. offe re d th e preferred s t o c k .
A p p lic a tio n
t o list, sh o w in g p rop erties a c q u ir e d , rights o f s to c k , & c., w as In V . 84, p .8 0 2 .
S T O C K .— C o m m o n s t o c k , $15 ,0 0 0 ,0 0 0 (p ar $ 1 0 0 ), o f w h ich $ 7 ,6 5 0 ,0 0 0
h eld in v o t in g tru st fo r five yea rs e n d in g Ju n e 1 1911; C entral T ru st C o .,
N .Y ., v o tin g tru stee.
P re fe rre d , see ta b le a b o v e .
P referred s to c k c a n n o t
be in crea sed o r m o rtg a g e o th e r th a n pu rch ase m o n e y m o rtg a ge created
w ith o u t co n s e n t o f th re e -fo u rth s o f p re fe rre d s t o c k .
P referred shall h a ve
n o v o t in g p o w e r e x c e p t w hile d e fa u lt fo r a t least t w o qu a rte rly d iv id e n d s
c o n tin u e s. N o d iv id e n d co u ld be p a id o n c o m m o n s to c k until a t least
$ 1 ,0 0 0 ,0 0 0 h ad b e e n set aside fro m earnings as surplus p ro fits, an d hereafter
n o n e ca n be in e xce ss o f 6 % In a n y y e a r u n til $100,000 has been set aside.
D I V I D E N D S .— O n p r e f., 1 % % q u a r., p aid S e p t. 1906 to S e p t 1909, ln c l.
D iv s . o n c o m ., F e b ., 1 % ; M a y , 1 % ; A u g ., 1 % ; N o v ., 1 % a n d 1 % e x t r a .
E A R N I N G S — R e p o rt fo r y e a r e n d in g D e c. 31 1908, In V . 88, p . 373,
s h o w e d ; G ross earn in gs, $2 ,4 0 3 ,3 9 7 ; profits, $1 ,3 1 1 ,9 8 7 : o th e r Incom e,
$12 8,23 1; Interest on loans a n d d ep osits, $ 88 ,540 ; d lv . on pref. s to c k (7 % ),
$35 0,00 0; net p rofits, $ 1 ,0 0 1 ,6 7 8 .
O F F I C E R S .— P r e s ., J a c o b W e r th c lm ; T r e a s ., F red . H lrsch h orn . O f­
fic e . 1018 a n d 1020 S e co n d A v e ., N . Y . — (V . 88, p. 373; V, 8 9 , p . 92 5 .)
UNITED COPPER CO. OF NEW JERSEY.— O R G A N I Z A T I O N .— In c o r ­
p o r a te d in N . J . on A p ril 28 1902. In F e b . 1906 Its leadin g m ines w ere
a cq u ire d b y A m algam ated Interests and associa tes and vested in th e R ed
M etal M in ing C o ., an o p e ra tin g c o m p a n y w ith $ 11 ,000 ,00 0 s t o c k , the la tter
be in g all ow n e d b y the B u tte C oa lition M ining C o.
V . 82, p. 396 , 5 1 1 , 755,
991.
Assets F e b . 1907, V . 84, p . 44 8 , 1363.
In J u ly 1908 the c o m p a n y
offe re d t o p urchase th e Ja n . 1908 an d J u ly 1908 c o u p o n s on $2,0 0 0 ,0 0 0 La
F ra n ce C o p p e r 6 % b o n d s, g iv in g n otes due J u ly 1 1909 fo r the fa ce v a lu e,
w ith Interest at 6 % .
V . 87, p . 170.
S T O C K .— In M ch . 1907 n early $ 4 ,0 0 0 ,0 0 0 o f th e $ 5 ,0 0 0 ,0 0 0 6 % cu m .
p re f. s to c k had a c c e p te d the offe r o f P residen t H einze to take In e x ch a n g e
1 2 5 % in c o m m o n s t o c k .
V . 84, p. 34 3 , 448 , 577.
D I V I D E N D S .—
1 1902
1903
1904
1905
1906 19071
3
6
6
6
6
3 )
N on e
O n p r e f e r r e d .................... %
O n c o m m o n ___________% J 0
0
0
1
7
5 A J S in ce.
R E P O R T .— In 1908-09 profits on se cu ritie s s o ld , $57,851; general e x p .,
$ 39 ,742 ; N . J. ta x e s , $6,250; b a la n c e , su rplu s, $ 11 ,859 .
O F F I C E R S .— P r e s ., F . A u gu stu s H einze; V .- P ., A rth u r P . H ein ze; T re a s.
a n d S e c ., S ta n le y G iffo rd .
O ffic e , 42 B ’ w a y , N . Y . — (V . 88, p . 1442.)
UNITED DRY GOODS COMPANIES.— O R G A N I Z A T I O N .— I n c o r p o r ­
a te d In D elaw are M ay 21 1909 and a cq u ire d c o n tr o l o f the A s s o c ia te d
M e rch a n ts’ C o ., w h ich ow n s $ 4 ,5 0 0 ,1 0 0 o f th e $ 9 ,0 0 0 ,0 0 0 s to c k o f th e II. B.

A d a m & C o. o f B u ffalo N . Y ., and $ 2 ,4 0 0 ,0 0 0 o f the $ 3 ,0 0 0 ,0 0 0 d e b e n tu re
b o n d s, $ 2 ,0 0 0 ,0 0 0 o f th e $ 3 ,0 0 0 ,0 0 0 in co m e b o n d s and 800 o f th e 1,000
shares o f s to c k o f th e O ’ N e ill-A d a m s C o. (a c o n s o lid a tio n o f H. O ’ N ell &
C o. and A d a m s D ry G o o d s C o .); also pu rch a se d o u trig h t the stores o f lla h n e
& C o. o f N e w a rk , N . J , P ow ers M ercantile C o. o f M in n eap olis, th e W illia m
H e n ge re r C o. o f B u ffa lo , N . Y . , and S te w a rt D ry G o o d s C o ., L o u isville .
S T O C K .— O f the s t o c k , $1 0 ,0 0 0 ,0 0 0 ea ch o f c o m . an d pref. w as Issued at
o n c e , th e rem ain in g $ 2 5 ,0 0 0 ,0 0 0 c o m . and $ 6 ,0 0 0 ,0 0 0 p re f. s to c k being Is­
su able fo r cash at n o t less than p a r and 120 re s p e c tiv e ly (e x c e p t that $ 1 ,­
000 ,000 pref. m a y be a llo tte d fro m tim e to tim e to e m p lo y e e s o f the c o m ­
pan ies at n o t less th an par) o r In e x ch a n g e tor A s s o c ia te d M e rch a n ts’ C o.
s to c k o n e q u ita b le term s.
O f th e c o m . s t o c k , $ 8 ,6 5 0 ,0 0 0 w as Issued in
e x c h a n g e fo r A s s o c ia te d M e rch a n ts’ s t o c k , $ fo r $, the rem ain in g s to c k o f
the la tte r be in g g iv e n the rig h t o f e x ch a n g e o n th e sam e basis to A u g . 1 1909.
N o b o n d s can be Issued w ith o u t the co n se n t o f V o f e a ch class o f s t o c k .
\
D I V I D E N D S .— First qu a r. d iv . on p r e f ., I H % , paid S e p t. 1 1909.
First q u a r. dlv^, 2 % , o n c o m . s t o c k , p a y a b le N o v . 1 1909.
P re s J o h n C lallln, 224 C- urch S t ., N . Y .— (V . 8 9 , p. 47 7 , 925.)
~ '
—
h
UNITED ELECTRIC CO. OF NEW JERSEY.— See “ E le c tr ic R y . ” S e c.
UNITED EL. L. & POWER CO., N. Y. — See C o n so lid a te d G as.
UNITED FRUIT C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d In N . J . on
M arch 30 1899 t o ca rry on tr o p ica l fru it business.
O fficial sta te m e n t, V . 6 9 , p. 854.
P roperties o w n e d , see r e p o rts V . 71,
p . 1011, 1020; V . 73, p . 1060, and V . 77, p . 2096; V. 79, p . 2475; V . 85,
p . 1281; V . 74, p . 1095; V. 75, p. 621.
N orth ern R y . o f C osta Itlca , 347
m iles, see V . 71, p. 1067; V. 75, p . 851; V . 80, p. 223; V . 81, p. 614.
In Ju n e 1907 th e o u ts ta n d in g $ 3,500,000 N lpe B a y c o m m o n s to c k jw a s
a c q u ir e d , p er p lan V . 84, p. 1057. T h e N lpe B a y C o . has ou tsta n d in g
$ 2 ,0 0 0 ,0 0 0 p re f. s to c k an d $3,5 0 0 ,0 0 0 o f 1st m tg e . 5 -y r . 6 % g o ld c o u p o n
n o te s, due Ju n e 1 1914, an d $ 1 ,6 0 0 ,0 0 0 6 % 1 0 -y r. d e b e n tu re s due Jun e 1
1917.
V . 88, p . 4 5 4 , 569; V . 82, p. 1382; V . 81, p. 215 , 1378.
O f d e b . 5s
o f 1907, ($ 3 ,6 0 0 ,0 0 0 a u t h .), $ 2 ,0 0 0 ,0 0 0 reserved fo r fu tu re jre q u lre m e n ts.

M I S C E L L A N E O US
F o r exp la n a tion o f colu m n headings, & c ., see notes on
first page o f tables

I N T E R E S T OR D I V I D E N D S
D a te
of
B on ds

S iz e , or
Par
V a lu e

A m ou n t
O utstand ing

$100
U SCast Iron Pipc& Foundry Co— C om stk $ 1 5 ,0 0 0 ;0 0 0 a u th
100
------­
P r eferred s t o c k 7 % n o n -c u m u la tlv e -------------A m e r ic a n P ip e & F o u n d r y first m tg e $ 1 ,5 0 0 ,0 0 0 sin k fund 1898
100
United States O n v c lo p e — C o m m o n s to c k $ 1 ,0 0 0 ,0 0 0 -----------100
P r e fe r re d s to c k 7 % c u m u la tiv e $4 ,0 0 0 ,0 0 0
---------1,000
1908
F lrst M $ 2 ,5 0 0 ,0 0 0 g p a rt d u e y r ly red 104 b e g D e c 19.0B .C
1,000
D eb en tu res g o ld p a rt d u e y e a r ly red a t 101 (V 74, p J8.i) - - 1 90 2-4
100
United States Express— S t o c k ....................................................... - ­
United States Leather— S ec C entral L ea th er Co.................... v
100
U S Realty & Improvement— S to c k $ 3 0 ,0 0 0 ,0 0 0 au th - - - - N
1,000
1904
D eb en tu res $ 1 3 ,5 0 6 ,0 0 0 g c o n v to J u ly 1 1908 red lO o N .c
100
U S Reduction & Refining C o — C o m m o n s to c k 5 0 ,0 0 0 ,0 0 0 100
P referred (also as to assets) 6 % n o n -cu m u la tlv e $ 4 ,0 0 0 ,0 0 0
1,000
F irst m o r tg a g e g o ld red 110 sin kin g fu n d (see te x t)
- N .c
100
United States Rubber— C o m m o n ($25 ,0 0 0 ,0 0 0 a u th o riz e d ) - 100
F irst p referred ($ 4 0 ,0 0 0 ,0 0 0 a u th orized ) 8 % n o n - c u n i - . . .
100
S econ d p referred ($ 1 0 , 000,000 au th o rize d ) b % n o n -c u m
C oll tru st sink fu n d m tge $20 ,0 0 0 ,0 0 0 g o ld red 105 C e .c & r 1908 1.000 &c
1905 1.000 & c
G eneral R u b b e r d eb en $ 9 ,0 0 0 ,0 0 0 g u ar p & 1 red 105
50
U S Smelting. Refining & M in in g — C o m m o n s to c k $ 3 7 ,5 0 0 ,0 0 0
50
P re fe r re d s to c k 7 % c u m u la tiv e $ 3 7 ,5 0 0 ,0 0 0 ------------------------100
U n ited S ta tes Steel C o r p o r a tio n — C o m m o n s to c k $ 5 5 0 ,0 0 0 ,0 0 0
100
P referred s to c k 7 % c u m u la tiv e $ 4 0 0 ,0 0 0 ,0 0 0 ---------- - - - - - ­
C oll tru st m t g e /r e d e e m a b le a t 115 s f (see te x t) — U s .c * & r 1901 l.O O O & c l
$ 3 0 4 , 000,0001 n o t red e e m a b le s f (see t e x t ) ---------------c * & r 1901 l.OOO&c]
500 & c
" S in k fu n d ” c o ll tr 2d M $2 5 0 ,0 0 0 ,0 0 0 g red ( t e x t ) . U s .c * &r 1903

S T O C K .— S tock h old ers v o t e d J u ly 10 1908 t o Increase th e au th o riz e d
s to c k fro m $20 ,0 0 0 ,0 0 0 to $ 2 5 ,0 0 0 ,0 0 0 , th e y b e in g g iv e n th e rig h t to s u b ­
s crib e f o r $ 1 ,9 4 0 ,0 0 0 new s to c k a t p a r , a n d in O ct. 1909 fo r $ 2 ,1 3 4 ,0 0 0 ,
raisin g th e a m o u n t ou ts ta n d in g to $ 2 3 ,4 7 4 ,0 0 0 . A ca sh d iv id e n d o f 1 0 % ,
eq u a l In a m o u n t t o th e n ew s t o c k , w as d e c la r e d In ea ch ca se, p a y a b le A u g . i
1908 a n d N o v . 15 1909, r e s p e c t iv e ly , w h ich co u ld be used to p a y fo r tn e
sa m e.
V . 86, p . 1474; V . 8 7 , p. 101, 170; V . 8 9 , p. 1000.
D I V I D E N D S .— l O c t . 1899. 1900.
1901.
1902 t o J a n . 0 7 .
Since
P er cen t _____ )
2M
10
8
7 y e a rly
2 q u a r.
A lso 1 0 % e x tra d iv id e n d p a id A u g. 1 1908; an d 1 0 % p a y a b le N o v . *i>
1° D E s 'e N T U R F S .— T he 4 A % g o ld deben tu res d a te d J a n . * * 1 ® (i$n iV
1 V -9.® '
,
2 50 ,000 to ta l Issue) have an ann ual sin kin g fu n d p a y a b le J u ly 1 f io m 1914
t o 1922 In clu sive, w h ich w ill retire o n e -te n th o f th e issue y e a r ly , th e bon a s
t o be called th erefor at 101 If n o t p u rch ased a t a lo w e r p rice.
I h ey are t o
b e secu reil b y a n y new m tg e . p la ced on the p r o p e r ty .
V . 8 7 , p . .1009, 15J8.
R E P O R T .— R e p o rt fo r y e a r e n d in g S e p t. 30 1908, V . 8 7 , p . 13o6 , 1 4 2 6 ,
F is c a l
Net
Other
In t. on
D ivid en d s
B a la n ce,
Year—
E a rn in g s.
In co m e. B on d s, & c.
on S tock.
S u rp lu s.
1907-08
$3,723,511
$317,579
$94,746 • (8 )$ 1 ,5 8 4 ,4 8 4 $2,361,861
4 ,7 7 0 ,5 7 7
....... 1 ,9 1 0
227 ,998
99,982 (7 %) 1,419,350
1 9 0 6 -0 7 .1 - 6,06...........
2,55 0 ,7 8 8
180,485
114,354
(7 % ) 1 ,2 3 5 ,7 4 5
1 9 0 5 - 0 6 - . . 3 ,7 2 0 ,4 0 2
* A lso 1 0 % e x tr a d lv . ($ 1 ,0 4 0 ,0 0 0 ) p a id fro m a c c u m u la te d surplus.
D I R E C T O R S .— A n drew W . P reston (P r e s .), M inor C. K e ith ( V . - P .) ,
Charles A . H u b b a r d (T r e a s .), B ra d ley W . P a lm er ( S e c .) , J o h n S . D a rtle tt,
R e g in a ld F os ter, F ran cis R . H a rt, K . K . M cL a re n , VVm. S . S p a u ld in g ,
Jam es ,1. S to rro w a n d H e n r y O . U n d e r w o o d .
G eneral o ffic e s , 131 State
S t ., B o s to n , M ass.— (V . 8 8 , p. 569 , 1139; V . 8 9 , p . 1000.)
(T H E ) U N IT E D Q A S IM P R O V E M E N T C O .— O rga n ized 1882 In P a .; re­
orga n ized In 1885. C harter Is p erp etu al a n d business Is th e b u ild in g , leas­
ing an d op era tin g o f gas w ork s (see list in 1900, V . 70, p . 1000, 9 4 4 ). Sec
list a n d cap ita liz a tion o f o p e ra tin g com p a n ie s In V . 79, p . 4 9 8 , a n d e d ito ria l
O 478- V . 7 9 , p . 2090; V . 8 0 , p . 2342: V. 81, p . 977, 1727; V . 82, .p 1160,
1444; V . 8 3 , p . 4 2 , 499 , 1123, 1360, 1541; V. 8 4 , p . 107, 164, 3 9 5 , 936 , 1112;
125 3, 1304, 1373; V . 8 5 , p. 44; V . 8 9 , p . 1000.
S T O C K .— T h e s to c k w as Increased in 1906 fro m $ 3 6 ,7 2 5 ,0 0 0 t o $ 4 5 ,9 0 0 ,­
250 b y su b scrip tion s a t par. S to ck h o ld e rs v o t e d M ay 4 1909 t o Increase
th e s to c k from $45 ,9 0 0 ,2 5 0 t o $ 5 0 ,4 9 0 ,2 7 5 , o f th e new s to c k $ 4 ,5 7 3 ,1 0 0 be­
in g s u b s crib e d fo r a t par, raising th e a m o u n t o u ts ta n d in g to $ 5 0 ,4 7 3 ,3 5 0 .
V . 82, p . 396 , 1105, 1160: V . 88, p. 1201.
.
D I V I D E N D S .— Since 1888 8 % per a n n u m , p a y a b le q u a rte r ly . In
J a n . 1896 paid e x tr a d iv id e n d o f 1 5% In c o n v e rtib le scrip .
R E P O R T fo r 1908 In V . 88, p . 1195, sh o w e d net p ro fits, $6,3 2 6 ,7 0 7 ;
d lv s . ( 8 % ) , $ 3,670,788 ; sink. fd s . to retire P h ila. G as W o rk s In v e s t., $ 6 7 8 ,­
500; b a l., s u r., $ 1 ,9 7 7 ,4 2 0 .
P h ila . gas le a se , V . 8 4 , p . 1304; V . 8 5 , p . 44.
D I R E C T O R S .— C. A. G rlsco m , S am uel T . B o d ln e , R u d u lp h Ellis, R a n d a l
M orga n , W illia m W o o d an d M orris L . C loth ier. P r e s ., T h o m a s D olan ;
V -P an d G en. M gr., Sam uel T . B o d ln e ; 2d V .-P . an d G en . C ou nsel, R a n d a l
M organ; 3d V .- P ., W a lto n Clark; 4 th V .- P . an d T r e a s ., Lew is L illie: S e c .,
W . F . D o u th lr t, B road an d A rch S ts ., P h ila .— (V . 8 9 , p . 353 , 1000.)
U N IT E D SH O E M A C H IN E R Y C O R P O R A T IO N .— O R G A N I Z A T I O N .—
I n c o r p o r a te d In N . J . on M ay 2 1905 as su ccessor o f th e c o m p a n y o f th e sam e
nam e p er p la n , V . 80, p . 1862. P rop erties, V . 68, p . 3 3 3 , 430 ; V . 74, p . 430;
V . 75, p . 851; V . 77, p . 255; V . 8 0 , p . 1486. T h e o ld p re f. re ce ive d p ar In
new p ref. an d \ A % cash an d the c o m . 1 5 0 % In new c o m . an d 3 % cash .
S T O C K .— In J u ly 1907 $4,464,581 c o m m o n s to c k w as Issued as a 2 5 %
s to c k d lv . an d In A p r. 1009 $2 ,2 3 9 ,2 4 5 as a 1 0 % d lv .
V . 8 8 , p . 690.
T h e preferred Is en titled In the e v e n t o f d isso lu tio n t o $35 p er $25 share
a n d all accru ed d iv id en d s In preferen ce t o th e c o m m o n s to c k .
D I V I D E N D S .— O n new s t o c k , 1 H % o n p re f. a n d 2 % o n c o m . p a id
qu a rterly O ct. 1905 t o O ct. 1909, b o th In ch , an d In A p r. 1909 2 % e x tr a on
c o m m o n ; a ls o , in J u ly 1907, o n c o m ., 2 5 % in s t o c k , a n d In A p r. 1908 1 0 % .
V . 84, p . 1433; V . 88, p. 690.
E A R N I N G S .— R e p o rt fo r y e a r e n d in g M ch . 1 1909 in V . 8 8 , p . 1559,
sh ow ed '
E arnings fo r y ear an d Increase In va lu e o f s to c k o f o th e r c o s .,
$7 255 683- d lv s ., $2,3 5 5 ,8 0 6 ; b a l., s u r ., $ 4 ,8 9 9 ,8 7 7 .
E arnings o f U n ite d
S hoe M ach. C o. were $4,7 9 6 ,9 7 1 : d lv s . p a id , $ 2 ,425,926

B a k er o f B o s to n , A lb a n y B ld g ., B o s to n , M ass.— (V . 8 8 , p . 886 , 1559.)
U N IT E D ST A T E S C A S T IRO N P IP E & F0.u N D R X oC 0 ,— ? R tf A ^ IZA
T I O N .— I n co rp o ra te d In N ew J ersey on M arch 13 1899 per plan In V . 81,
p . 233; V . 69, p . 757; V . 71, p. 1124. L ist o f p ro p e rtie s o w n e d , rights o f
s t o c k , & c ., sec V . 8 5 , p . 157, 1522.
D I V S .—
1
1899. ’0 0 . '0 1 . ’0 2 -’0 3 . ’0 4 . ’0 5 . ’ 0 6 . ’0 7 .1 9 0 8 . 1909O n p referred . % [ D e c ., 1 A 3 A
0 4 y e a rly 4 A
8
7 7 B e lo w .B e lo w .
On com m on . % )
o
0 0
0
0 1 4
4 N one. N one.
In 1908, M arch an d J u n e , 1 *A% each ; a d lv . o f 1 H % w as d eclared p a y a b le
S e p t. 1 1008 o u t o f "re s e rv e fo r ad d itio n a l w o rk in g c a p it a l,” b u t w as n o t
p aid u n til J u ly 2 1909, the suit to e n jo in the p a y m e n t be in g dism issed In
Ju n e 1909 b y th e h igh er co u r t.
In S e p t. 1909, 1 % % .
V . 88, p . 1626.
R E P O R T .— R e p o rt fo r th e y e a r e n d in g M ay 31 190 9, w ith ba la n ce sh eet,
In V 8 8 , p . 1616, sh o w e d ; T o ta l In com e, $27 4,73 1; in t. o n b o n d s, $ 90 ,000 ;
reserves, $27 ,782 ; p rev io u s su rplu s, $16 ,024 ; tran sferred fro m reserve fo r
a d d itio n a l w ork in g c a p ita l, $ 20 9,89 7; p re f. d lv . ( \ A % ) , $21 8,75 0; b a l.,
s u r ., $ 16 4,12 0.
O F F I C E R S .— P re s ., G eorge I). H a y e s; V lc e -P r e s ., G e o . J . L o n g ; S e c.
an d 'r r e a s ., B . F . H a u g h to n , 71 B r o a d w a y .
D I R E C T O R S .— G eo. B. H a y e s, C olgate H o y t , A . C . O v e rh o lt, B . F .
O v cr h o lt, E. C. F u ller, A . N . B r a d y , G eorge J . L o n g , P . J . G o o d h a r t,
D . G iles, W . T . C. C arp en ter, B . F . H a u g h to n , N . F . B r a d y , J o h n A rth u r
H a y es an d L . R . L e m o in e .— (V . 88, p. 1616, 1626; V . 8 9 , p. 477 .)
U N IT E D ST A T E S E N V E L O P E .— In c o r p o r a te d In 1898 u n d e r th e law s o f
M aine.
A b sorb ed ten com p a n ie s nam ed In V . 66, p . 100 3, p ro d u c in g o v e r
90% , o f th e com m ercia l e n v e lo p e s In the U n ited States.
O u tp u t 17,00 0 ,0 0 0
d a lly ; ca p a c ity o v e r 20 ,0 0 0 ,0 0 0 d a lly .
V . 87, p . 1360.
D I V I D E N D S on p r e - ) ’98. ’ 99. ’ 00. ’0 1 . ’02 to ’05. ’ 0 6 . ’0 7 . ’ 0 8 . 1909.
7
7 5 'A 5 y e a r ly . 5 H
6
6
B e lo w .
fe r r e d ________ . - % / 2
In M arch 1909 3 % ; S e p t., 3 % ; also M ay 1909, I A % , an d O ct. 1909,
2 % , o n a c c o u n t o f a c c u m u la tio n s , le a v in g . It Is u n d e rts o o d , 1 0 X % u n p a id .
V B ^ N & S 1 T h e first m o rtg a ge 5 % serial g o ld b o n d s o f 1908 ($2 ,5 0 0 ,0 0 0
—
a u th oriz ed Issue) m ature D e c. 1 y e a rly fro m 1910 t o 1937.
In N o v . 1908
$ 2 ,0 0 0 ,0 0 0 w ere s o ld , fallin g due $ 50 ,000 y e a r ly fro m 1910 t o 1024, $ 10 0,00 0
fr o m 1925 t o 1929 an d $ 15 0,00 0 fro m 1930 t o 1934, In clu sive . T h e p ro ce e d s




$ 1 2 ,1 0 6 ,3 0 0
12 ,1 0 6 ,3 0 0
910 ,896
750 ,000
3 ,7 5 0 ,0 0 0
2 ,0 0 0 ,0 0 0
96,000
1 0 ,0 0 0 ,0 0 0
16,162 ,800
13,284 ,000
5,918, ,800
3,94 5 ,800
1,813, ,000
25,000, ,000
36,263 ,000
9,9 6 5 ,000
15,000 ,000
6 ,000 ,000
1 7 ,5 -9 ,125
24,299 ,175
508,302 ,500
360,281 ,100

R ale
%
See
See

W hen
P a y a b le

text
text

W here P a y a b le, and by
W hom

Q — M O ffic e , 71 B r o a d w a y ,N Y D e c 2 1907 1 %
S ept 1 ’ 09 l % %
do
do
Q uar
&
J C h a tta n o o g a , T en nessee J u ly 1 1928

6

J

See

text
5 g
5 g
S ee t e x t

M
J
F
M

See

C h eck s m ailed
Q— F
&
J O ffice 111 B r o a d w a y ,N
C hecks m ailed
Q— J
do
Q— J
J
&
J B a ru ch B ro th e rs , N
O ffice 42 B r o a d w a y , N
do
do
Q— J
do
do
Q— J
J
& D C entral T r u s t C o , N
J
&
J F irst N a tion a l B a n k , N
C h eck s m ailed
Q— J
do
Q— J
Q — M O ffice E m p ire B ld g , N
do
do
Q uar
V a rio u s J P M organ & C o , N
do
do
do
do
do
M & N

text
5g
text
text
6 g
2 .In 1900
8 in 1909
6 in 1909
6 g
4H
4 in 1909
7 In 1909
See te x t
7 In 1909
5 g
281 ,797 .000 \
5g
192,511 ,500
5 g
See
See

J

B on d s— P r in c i­
pa l, W hen D u e
Stocks— Last
D ivid en d

&
&
&
&

See e x tS O ld C o lo n y T ru st C o , B os
D e c 1 1910-1934
do
do
D
F e b 1910-1912
do
do
A
N O ffic e , 2 R e c t o r S t, N Y N o v 1 5 ’ 09 3 %
N o v 1 1909 1 M
Y J u ly 1 1924
J u ly 1903
1%
O ct 1 ’ 07 1 H %
Y J u ly 1 1931
Y A p r 30 ’ 00 1 %
O ct 30 ’ 09 2 %
O ct 30 ’ 09 l A
Y D e c 1 1918
Y J u ly 1 1915
O ct 15 ’ 0.9 1 %
O ct 15 ’ 09 1 A
Y D e c 30 ’ 09 1 %
N o v 30 ’ 09 1 A
Y A pr 11951
A p r 1 1951
A pr 11963

w ere used t o retire th e o u ts ta n d in g first m o rtg a g e 6 % b o n d s (a b o u t $ 1 ,­
1 0 0 ,0 0 0 ), th e $17 * ,0 0 0 W a u k e g a n R e a lty A s s o cia tio n certifica tes, b u ild the
new fa c to r y a t Springfield a n d fo r w o rk in g c a p ita l.
V . 8 7 , p . 1 3 6 0 ,1 1 6 3 . ,
R e p o r t fo r y e a r e n d in g Ju n e 30 1909, w ith ba la n ce s h e e t, In V . 8 9 , p .!4 b 7 ,
sh o w e d n e t p rofits, $ 64 2,18 2; Int. o n b o n d s, & c., $ 93 ,030 ; p r e f. d lv . ( 6 % ) ,
$22 5,00 0; d e fe r re d d lv . o n p r e f. s t o c k , 1 % % , $65 ,6 2 5 ; d e p r e c ., & c., $ 6 8 ,­
626; b a la n ce , su rplu s, $ 1 8 9 ,9 0 1 .
O F F I C E R S .— P r e s ., C . H . H u tch in s , W o r c e s te r , M ass.; T r e a s ., W m . O .
D a y ; S e c ., W . M . W h a r fic ld , S p rin gfie ld , M ass.— (V . 8 9 , p . 467, 1071.)
UNITED STATES EKPRESS.— A n “ a s s o c ia tio n ” o rg a n iz e d u n d er
law s o f N ew Y o r k S tate In 1854; n o t In co rp o ra te d . O perated D e c. 31 1907 on
3 0 ,410 m iles o f r a ilro a d in th e U n ite d S ta te s an d C anada an d 26 1 ,1 8 6
m iles o f sea lines.
U . S . R e a lty C o ., V . 8 1 , p . 269 , 564, 977; V . 88, p . 3 8 2 .
In A u g. 1908 o b ta in e d c o n tr a c ts o v e r 15,000 t o 16,000 m iles o f ra ilw a y
o f th e R o c k Isla nd s y s te m , a b o u t 5,000 m iles o f w h ich w as a lre a d y o p e r a te d .
V . 8 7 , p . 484 . O n M ay 1 1909 ceased t o o p e r a te o v e r th e C h ic. MUw. &
S t . P a u l.
V . 8 8 , p . 3 8 2 . S to c k h o ld e r s ’ c o m m it t e e , V . 8 7 , p . 756; V .
89, p . 48.
.
D I V I D E N D S — J’ 95. ’ 96 t o ’ 0 0 . ’ 0 1 . ’02 t o M a y ’ 0 7 .
’0 7 . ’0 8 . 1 9 0 9 .
3 y e a r ly . 3 'A
4 y e a r ly .
N o v . ,3 4
B elow
S in ce 1894 ____ % 1 0
„ „
In 1909, M ay, 2 % ; N o v ., 3 % .
F o r y e a r e n d in g Jun e 30 1908, gross earn in gs, $ 1 6 ,9 8 3 ,6 3 8 ; n e t, $ 3 7 ,7 3 4 ;
o th e r In com e, $469,930; to ta l net In co m e , $ 5 0 7 ,6 6 4 . V . 8 7 , p . 1092.
— (V . 8 7 , p. 484, 756, 1092; V . 8 8 , p . 382; V . 8 9 , p . 4 8 , 1000. 1071.)
UNITED STATES LEATHER.— See C en tral L ea th er C o .
UNITED STATES REALTY & IMPROVEMENT C O .— O R G A N I Z A ­
T I O N .— In c o r p o r a te d in N . J . o n M ay 26 1904 a n d in M ay 1906 had a cq u ired
per plan In V . 78, p . 201 9, $32 ,7 5 0 ,2 0 0 o f th e $33 ,1 9 8 ,0 0 0 c o m . s to c k a n d
$ 2 6 ,5 9 6 ,2 0 0 o f the $ 2 7 ,0 1 1 ,1 0 0 p re f. s to ck o f th e U. S . R e a lt y & C o n stru c­
tio n C o. See list o f assets, & c ., in V . 8 0 , p . 234 0; also s ta te m e n t t o N . Y .
S to c k E x c h ., V. 75, p . 1200. See V . 77, p . 297 , 953 , 210 3, 2396: V . 7 8 , p .
51; V . 8 2 , p . 1274; r e p o r t, V . 8 6 , p . 1465; V . 8 5 , p . 1344, 1406. O w ns
$ 1 ,4 5 1 ,7 0 0 o f th e $ 1 ,7 1 8 ,0 0 0 C e n tu ry R e a lt y C o . s t o c k , m o s tly a c q u ir e d in
1905; also has $40 3,80 0 o f $ 2 ,0 0 0 ,0 0 0 A llia n ce R e a lt y C o . V . 8 1 , p . 1798;
V . 8 2 , p . 1209; V . 8 3 , p . 822 .
S E C U R I T I E S .— O f th e s to c k $13 ,5 0 6 ,0 0 0 Is rese rv e d fo r c o n v e r s io n o f
th e b o n d s.
N o general m o rtg a g e ca n be m a d e w ith o u t first se cu rin g th e
p r in cip a l a n d Interest o f th e d e b e n tu re s b y m o rtg a g e .
D I V I D E N D S .— D iv id e n d 1 H % q u a r. p aid M ay 1907 t o F e b . 190 8, l n c l.:
M ay 1908, 1 % ; A u g ., 1 % ; N o v ., 1 % ; 190 9, F e b ., 1 % ; M a y , 1 % ; A u g ., 1 % :
N o v .. 1 M % .
E A R N I N G S .— F o r 5 m o s. e n d in g S e p t. 30 1909, to ta l in c o m e , $ 1 ,3 8 0 ,­
872; Interest an d e x p e n s e s o f m a n a g e m e n t, $73 3,55 2; d lv s ., 3 m o s. ( 1 % ) .
$16 1,62 8; b a l., s u r., $ 48 5,69 2. V . 8 9 , p . 925.
R E P O R T .— R e p o r t fo r y e a r e n d in g A p ril 30 190 9, w ith b a la n ce sh e e t,
w as in V . 8 8 , p . 1371, sh o w in g : T o t a l p ro fits , $ 3 ,4 9 8 ,3 5 9 ; o p e ra tin g e x p .
a n d ta x e s , $45 6,26 9; In t., d e p r e c ’n , & c., $89 1,70 0; net earn in gs, $ 2 ,1 5 0 .­
390 ; in t. on d e b s ., & c ., $66 4,20 0; d lv . ( 4 % ) , $64 6,51 2; b a l., s u r ., $ 8 3 9 ,6 7 8 .
D I R E C T O R S .— F . A . V a n d e rllp , H . S. B la c k , C. M . S ch w a b , P . A . V a l­
e n tin e , J o h n W . G ates, Ch arles G . G a tes, Jam es H . P o s t , E d w in H a w le y ,
S te p h e n S . P a lm e r, R . G . B a b b a g e , H a r ry B ron n er, P aul S ta rrett,
C o rtla n d t B e tts a n d W m . F . H a v e m e y e r , W . H . C h esebrou gh , J o h n D .
C rlm m lns, O aklelgh T h o rn e an d B . M . F e llo w s . P re s ., H . S . B la ck ; V .- P s ,
R . G . B a b b a g e , W . I I . C h esebrou gh ; S e c ., R . G . B a b b a g e ; A sst. S e c ., C . G.
D a ile y; T r e a s ., B . M . F ellow s; A sst. T r e a s ., H . O . W in s o r J r .
O ffic e , 111
B ’ w a y , N . Y . — (V . 8 8 , p . 162, 1005, 1371; V . 8 9 , p . 925 .)
UNITED STATES REDUCTION & REFINING C O — In c o r p o r a te d in
N ew J ersey o n M ay 31 1901.
E x tra cts g o ld a n d o th e r pre cio u s m e ta l,
fr o m ore o b ta in e d c h ie fly fro m C ripple C reek D is tr ic t, C ol. V . 8 8 , p . 7 4 7 .
D I V I D ’ S .—
1901. 1902. 1903. 1904. 1905. 1906 & 190 7.
1908.
P re fe rre d ( 1 s t ) . % 1 A
6
6
N one
l A
6 y ’r ly (1 A q u .) N on e
C o m m o n ............%
0
3
3
----------------------N on e since---------------------B O N D S .— O f th e b o n d s $ 83 7,00 0 o f th e $ 3 ,0 0 0 ,0 0 0 Issued had In J a n .
1909 been red eem ed a n d w ere held a liv e In th e sin k in g fu n d an d $ 35 0,00 0
c a n ce le d .
V . 8 1 , p . 1855: V . 82, p. 165, 391 ; V . 74, p . 882.
R E P O R T fo r 17 m o n th s e n d in g D e c. 31 1908, g iv e n In V . 88, p . 747 ,
sh o w e d : N e t earn in gs, $37 2,87 7; ch arges, $ 22 5,25 0; d iv id e n d ( 1 X % ) on
p r e f., $ 59 ,187 ; b a l., s u r ., $88 ,440 .
P re s ., J . D . H aw k in s; S e c. a n d T r e a s .,
S p e n ce r P e n ro s e .— (V . 8 5 , p . 1466; V . 88, p . 455 , 747 .)
UNITED STATES R U B B E R .— O R G A N I Z A T I O N A N D P R O P E R T Y . —
O rga n ized u n d er law s o f N ew J ersey in A pril 1892 fo r th e m a n u fa ctu re of
r u b b e r b o o ts a n d sh o e s, & c.
V . 55, p . 1039; V . 56, p . 539; V . 71, p . 545 .
In S e p t. 1908 p u rch ased th e s to c k o f the B o s to n R u b b e r S h oe C o .; see V . 67,
p . 905: V . 67, p . 691, 7 3 8 , 802 , 905; V . 8 2 , p . 575 , 150 1.
E n glish s u b ­
sid ia ry , W m . S y m in g to n & C o ., L t d ., V . 8 3 , p . 629 . A s to arra n g em en t
w ith In te r-C o n tin e n ta l R u b b e r C o ., see V . 84, p . 1244, 1252.
In 1908 o v e r 8 5 % o f th e R u b b e r G o o d s C o. s to c k h ad been a c q u ir e d ,
$7 ,9 3 7 ,5 0 0 U . S. R u b b e r 1st p r e f. and $ 9 ,9 6 5 ,0 0 0 2d p re f. h a v in g been
Issued o n a c c o u n t o f su ch a c q u is itio n . See V . 8 2 , p . 1100; V . 8 0 , p . 197 7.
In Jan . 1906 sold $ 5 ,0 0 0 ,0 0 0 1st p referred .
. „
. . .
S T O C K .— F irst p r e f. s to c k has preferen ce as t o assets an d d iv id e n d s ; 2d
p r e f. o n ly as t o d iv id e n d s ; b o n d e d d e b t can b e cre a te d o n ly w ith c o n s e n t o f
th re e -fo u rth s In Interest o f each kin d o f s to c k presen t a t a m e e tin g c a lled fo r
th e p u rp o se . V . 8 2 , p . 52. See e d ito ria l M ay 1893 “ S u p p le m e n t.
D I V S .(s ln c e ’ 99) ’0 0 . ’ 0 1 . ’0 2 -’0 3 . ’0 4 . ’0 5 . ’0 6 . ’ 0 7 . ’0 8 .
1909.
C o m m o n ............... 2 N o n e N on e
0
0
0
0
0
0
1st p r e f ________ 8
1
N one
4 A Text 8
8
8
8 (Q -J)
2d p r e f ............... ....... Issu ed in 1905------ \ A
6
6
6
6 (Q -J)
D lv . o n 1st p re f. In 1905, M c h ., 1 A % : M a y , 2 % a n d 1 A % e x tr a , m a k ­
in g 8 % fo r fiscal y e a r 190 4-0 5.
B O N D S .— T h e sto ck h o ld e rs o n D e c. 29 1908 a u th o riz e d $ 2 0 ,0 0 0 ,0 0 0 o f
1 0 -y e a r 6 % colla tera l tru st sin kin g fu n d b o n d s , t o b e s ecu red b y p led g e
o f s to c k o f su b sid ia ry co m p a n ie s; a n n u al sin k in g fu n d fo r re d e m p tio n o f
b o n d s, $ 50 0,00 0. C o u p o n b o n d s t o b e d ra w n b e fo r e registered an d reg is­
te re d b o n d s o f sm all d e n o m in a tio n s b e fo r e th o s e o f larger on e s. O f the
b o n d s $ 1 5 ,000 ,00 0 h a ve been so ld t o retire th e $ 8 ,0 0 0 ,0 0 0 U . S. R u b b e r
5 % n otes an d $4 ,5 0 0 ,0 0 0 B o s to n R u b b e r S hoe 5 % d e b e n tu re s w h ich
w ere called fo r p a y m e n t o n M arch 15 190 9, a n d fo r o th e r p u rp o se s.
V.
8 7 , p . 1483; V . 8 8 , p. 56, 1377. T h e q u ic k assets, In clu din g su bsid iary c o m ­
pan ies, shall a t all tim e s e x c e e d th e a ggrega te Indebtedn ess o f th e said
c o m p a n ie s , o th e r th a n th e b o n d s Issued th e re u n d e r, b y an a m o u n t e q u a l t o
1 3 0 % o f the fa ce o f su ch b o n d s at th e tim e ou tsta n d in g .
T h e G eneral R u b b e r C o ., w ith $3 ,0 0 0 ,0 0 0 s t o c k , th e cru d e ru b b er s u b ­
s id ia ry , In J u ly 1905 a u th o riz e d $ 9 ,0 0 0 ,0 0 0 4 A % b o n d s , gu ar, b y U . S.
R u b b e r an d R u b b e r G o o d s M fg . co m p a n ie s , o f w h ich $6 ,0 0 0 ,0 0 0 h ave b een
Issued. V . 8 1 , p . 36, 1103; V . 8 2 , p . 1100; V . 83, p . 690.

th
e

M I S C E I .L A N E O US
F a r exp la n a tion o f colum n headings, & c ., see notes on
first page o f tables

I N T E R E S T OR D I V I D E N D S
D a te
of
B on ds

U n it e d S ta tes Steel C orp — (C on cl) — B on ds o f C os. C ontrolled—
Illin o is Steel d eb en tu res (n o lo n ge r c o n v e r t ib le )____ M p .c*
1890
N o n -c o n v e r tib le d eb en tu res " A ” an d " B " _____________ c*
1893
U n ion S teel C o— See s eco n d page p re ce d in g
St C lair F u rn a ce first m tg e g o ld gu ar $ 1 0 0,00 0 y r l y .P P L c * 1901
St C lair S teel first m tge g gu a r $ 1 0 0,00 0 d u e y e a r ly . U P i.c* 1901
O lalrton S teel m tg e g old p A 1 gu a r d u e $50 0,00 0 y r l y .U P i 1902
G lalrton L a n d first m tge d u e $ 1 0 0,00 0 y r ly be g in A u g 1915 1905
St C lair T erm in al R R first m o r tg a g e _________________________
E lgin J o lie t A E astern first m tg e ($ 1 0 ,0 0 0 ,0 0 0 ) g o ld ._ C e .c * 1891
C h ica g o L a k e S hore A E astern 1st M g u a r red 110 In 1919 1909
B u lu th A Ir o n R a n g e first m o r tg a g e ________________ Mp.c<Scr 1887
S e c o n d m ortg a g e cu r r e n c y red a t 105 $ 5 ,0 0 0 ,0 0 0 ._C e.c* 1896
U nion R R first m o r tg a g e _____________________________________
1896
D u q u esn e e q u ip m e n t tr u s t_____ ___________________________
Jqh n son Co o f P en n 1st M p art red 105 S e p t 1 y e a r l y . . U s .c 1894
1900
A m e r SS 1st M g gu p A 1 en d s f (V 7 4 , p 1 1 4 6 )____ IS .c& r
1900
P itts SS m tg e sink fu n d redeem a t p a r (V 75, p 1 3 0 5 )____
H C F rick Co m tg e s f red 105 $ 1 0 0,00 0 y r ly J u ly 1___ FPi
P ittsb u rg h Bess A L a k e E rie R R , Bess & L E and. D u lu th M lssab
V lrg in ia -C a rolin a C h em ica l— S to c k c o m m o n $ 3 8 ,0 0 0 ,0 0 0 ------P referred (also as to assets) 8 % cu m $ 2 0 ,0 0 0 ,0 0 0 a u t h ____
F irst M (& c o ll tr)$ 1 5 ,0 0 0 ,0 0 0 a u th su b to call t e x t .C c .c & r *
V ir g in ia Iron , C oal & C ok e— U n d e rly in g b o n d s (see te x t) —
V irgin ia Ir o n , C oal A C ok e 1st M g o ld $ 1 0 ,0 0 0 ,0 0 0 .-M a .c *
V u lcan D ctin n in g — P referred s to c k (also as to assets) 7 % cum
W a llh a m W a t c h — C om m o n s to c k $ 7 ,0 0 0 ,0 0 0 a u th o r iz e d ____
P referred (as to assets) 6 % cu m u la tiv e $ 5 ,0 0 0 ,0 0 0 ________

S iz e, or
Par
V a lu e

R ate
%

$1,000
500 &c

$ 2 ,8 7 2 ,0 0 0
6 .9 0 0 .0 0 0

5
5

J
A

&
&

J J P M organ A C o , N Y Jan 1 1910
O O ffice E m p ire B ld g , N Y A p r 1 1913

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

2 .9 8 0 .0 0 0
1 .6 0 0 .0 0 0
2 ,0 0 0 ,0 0 0
1 ,2 0 0 ,0 0 0
8 43 .000
8 .5 0 0 .0 0 0
9 .0 0 0 .
6 .7 3 2 .0 0 0
1 .0 0 0 . 000
2 ,0 0 0 ,0 0 0
1.1 5 0 .0 0 0
503 .000
3 .9 6 4 .0 0 0
1.312.000
900.000
hern R y — S
2 7 ,9 8 4 ,4 0 0
18,0 0 0 ,0 0 0
1 2,000,000
474 .000
4 .8 8 3 .0 0 0
1 .500.000
7 ,0 0 0 ,0 0 0
4 .5 0 0 .0 0 0

5 g
5 g
5 g
4 .4 g
5
5 g
000 H
4
5
6
5
5
6
5 g
5
5 g
ee those
See te x t
8
5 g

F
J
.1
F
F
M

&
A
A
&
&
&

A C olon ial T r , P itts A N Y
.1 U nion T ru s t C o , P ittsb
J
do
do
A
A P ittsb u rg h T ru st C o ,P itt
N
do
do

1,000
1,000
,000 &c
1,000
1,000
1,000
1,000
1,000
1,000
& N o rt
100
100
1,000
1,000
100
100
100

R E P O R T .— R e p o r t fo r y e a r e n d in g M ch . 31 1909 In V . 88, p . 1311.
A ll C o s.
O perating
Other
A ll
B ad
B a lan ce,
F is c a l Y ea r.
P r o fits .
In com e.
In terest.
D eb ts, & c. S u rp lu s.
1 9 0 8 -0 9 .......... ..$ 5 ,6 0 8 ,3 5 1
$ 1 ,1 5 7 ,7 8 8 • $2,193,937
$64,546
$4,5 0 7 ,6 5 5
1 9 0 7 -0 8 ............... 4 ,4 8 4 ,9 0 4
1,068,771
1,8 5 8 ,0 6 8
142,051
3 ,5 5 3 ,5 5 6
F rom th e surplus In 1908 there w as paid 8 % ($ 2 ,9 0 1 ,0 4 0 ) on first p re f. an d
♦ % o n 2d p ref. ($ 5 9 7 ,9 0 0 ), le a vin g a b a lan ce fo r y e a r o f $ 1 ,0 0 8 ,7 1 5 .
• In clu d es Interest on loa n s, $ 1 ,7 2 8 ,6 5 0 ; ln t. o n B o s to n R u b b e r S hoe C o .
d e b e n tu re s , $ 2 1 8 ,1 2 5 ; Interest a llo w e d cu s to m e rs , $ 2 4 7 ,1 6 2 .
D I R E C T O R S .— S am u el P . C o lt, I I . E . C o n v e rse , J am es B . F o r d , J .
H ow a rd F o r d , J . D . V erm eu le , H e n ry L . H o tc h k is s , L ester L e la n d , F re d ’ k
M . S h ep a rd , F rank S. H a stin gs, W a lte r S . B a llo u , F ran cis L y n d e S te tso n ,
F rancis L . H In e, A . N . B r a d y , E . C. B e n e d ic t, W m . H . T ru e sd a le , A rthur
L . K e lle y , W m . H . M oore, E d w a rd R . R ic e , H o m e r E . S a w y e r an d J o h n J .
W a ts o n J r.
P r e s ., S am u el P . C olt; 1st V . - P . , Jam es B . F o rd ; 2d V .- P .,
Lester L elan d ; S e c ., S am uel N orris: A sst. S e c ., J o h n D . C a rb crry; T re a s .,
Joh n J . W a ts o n J r.
N . Y . o flfc e , 42 B w a y .— (V . 8 8 . p . 1377.)
U N IT E D S T A T E S SM E L T IN G R E F IN IN G & M IN IN G C O .— O R G A N I ­
Z A T I O N .— I n c o r p o r a te d Jan . 10 1906 In M aine and a cq u ire d o v e r 9 9 % o f
th e $ 1 3 ,9 8 9 ,3 0 0 U . S . M ining C o. s to c k p er plan V . 82, p . 105.
A sy n d ica te
con sistin g o f L e e , H lg g ln son A C o. o f B o sto n an d oth ers un d erw rote $ 7 ,­
8 00 ,000 co m m o n s t o c k . Issued fo r cash . T h e U . S. M in ing C o. ow n e d the
up o f m ines In B in gh a m , the C en ten n ia l-E u rek a m in e at T ln t lc , a large
e q u a rr y , th e M a m m oth m in e In K e n n e tt, C a l., a co p p e r and lead sm elter
In U ta h , a c o p p e r sm elter at K e n n e tt and a co n tr o llin g Interest in the
D eL a m a r refin ery at C h rom e, N . J .
O th er a c q u isitio n s, see V . 8 2 , p . 396;
V . 85. p . 534; V . 86. p . 1340; V . 8 4 , p . 1243; V . 88, p . 1435.
D I V I D E N D S .— D iv id en d s o n p re fe rre d , 8 7 H ce n ts per share, 1 51%
( q u a r .), p aid A pril 1906 t o O c t . 1909, in cl.
D lv . o n c o m ., 1 % % (qu ar.)
paid A p r. 1907 to O ct. 1907, ln c l.; 1908, 4 % ; 1909, 4 % (Q .-J .) .
R E P O R T .— R e p o r t fo r ye a r e n d in g D e c. 31 1908 w as In V . 88, p . 1435,
s h o w in g : N et a fte r repairs, $ 3 ,5 3 5 ,5 5 6 ; d e p r e c ia tio n fu n d , a d m in istra tive
« x p . , & c ., $ 51 7,60 9; d lv . o n m in o rity s to c k s su b sld . c o s ., $ 8 ,052; pref. d l v .,
$ 1 ,7 0 0 ,8 0 1 ; d lv . on c o m m o n s to c k ( 4 % ) , $ 70 1,93 1; b a l., s u r ., $607,163.
O F F I C E R S .— C h airm an o f B o a rd an d P re s., W m . G . Sharp; V .- P .,
Oharles G . R ice ; S ec. and T r e a s ., F . W In th ro p B a tch e ld cr; M anaging
D ir e c to r, A . F . H o ld e n , C leve la n d , O .
M ain o ffic e . Salt L a ke C ity .
P resi­
d e n t's o ffic e , 55 C ongress S t ., B o s t o n .— (V . 8 8 , p . 887 , 1139, 1435.)
U N IT E D S T A T E S S T E E L C O R P O R A T IO N — O R G A N I Z A T I O N .— Inoor p o r a te d In N ew Jersey on F e b . 25 1901, per plan In V . 7 2 , p . 441, 679
(see also V . 73, p . 349: V . 85, p. 146 7).
P R O P E R T I E S O W N E D .— T h e p ro p e rtie s o w n ed D e c. 31 1908 w ere:
123 blast fu rn a ces, 20 op e n -h e a rth an d 14 B essem er steel p la n ts , 9 steel rail
m ills, 58 b a r, b ille t, & c ., m ills In 26 plan ts; 14 stru ctu ra l shape m ills In 6
pla n ts: 17 p la te m ills In 7 plan ts; 3 pla n ts, co m p risin g 80 p u d d lin g furnaoes; 67 m erch a n t m ills, p r o d u c in g b a r Iron, steel, & c., In 19 plants; 37
lan ts, c o m p ris in g 449 h ot m ills, p r o d u c in g tin p la te , & c.; 24 rou m ills, In
5 p la n ts ; 23 w ire p lants; 11 (w eld ed an d seam less) tu b e plan ts, 20 bridge
a n d stru ctu ra l p la n ts, 30 c o m p le te fo u n d rie s, 35 skelp m ills, 51 m iscellaneous
a r m o r , a x le , & c ., w ork s; ex te n s iv e Iron ore m ines In the L a ke S u p erior
reg ion : ow n s o r leases 125,327 acres o f c o k in g co a l and 22,968 acres o f sur­
fa c e a n d 22,8 4 7 b eeh iv e c o k e o v e n s , & c .. In P e n n sy lv a n ia an d W . V a .; 637
b y -p r o d u c t c ok e o v e n s at B e n w o o d , W . V a ., J o lie t, 111., an d Sharon an d
S o u th S h a ron , P a .: 3 6 ,015 acres o f steam an d gas coal lan ds, & c., railroads,
lak e vessels, ore d o c k s , natural gas la n d s, <Scc.; also S ou th ern co a l and cok e
p r o p e r ty ow n ed b y T e n n . C oa l, Ir o n & R R . , co n sistin g o f m in eral Interests
o w n e d , 151,408 acres; m in eral Interests an d su rfa ce , 176,376 acres; su rface,
7,9 1 2 a cres, 2,664 b eeh iv e an d 240 b y -p r o d u c t c o k e o v e n s , & c.
Leading S u bsidiaries and T h eir Sh are C a p ita l, P ractica lly A ll Owned.
S tock of—
Total.
Stock o f—
Total.
F ed era l S teel, c o m . ............$ 46 ,484 ,30 0 A m e r. T in P la te , c o m ___$28 ,0 0 0 ,0 0 0
do
6 % p r e f . . 53,2 6 0 ,9 0 0
do
7 % p r e f . . 18,325,000
N a tion a l T u b e , c o m ____ 4 0 ,0 0 0 ,0 0 0 A m er. Steel H o o p , c o m . . 1 9 ,000,000
do
7 % p r e f . . 4 0 ,0 0 0 ,0 0 0
do
7 % p r e f . . 1 4,000,000
N a t lo n a lS t e e l ,c o m ______ 3 2 ,0 0 0 ,0 0 0 A m e r. S heet S t ., c o m ___ 2 4 ,5 0 0 ,0 0 0
do
7 % p r e f . . 2 7 ,0 0 0 ,0 0 0
do
7 % p r e f . . 2 4 ,5 0 0 ,0 0 0
A m er. B rid ge, c o m ______ 3 0 ,9 5 0 ,8 0 0 L . S u p e rio r C o n . I . M ines 2 9 ,8 8 7 ,4 0 0
do
7 % p r e f . . 3 1 ,3 7 3 ,8 0 0 S h e lb y Steel T u b e , c o m .
8 ,1 5 1 ,5 0 0
A m er. S t. & W ire , c o m . . 50,0 0 0 ,0 0 0
do
7 % p r e f . . 5,0 0 0 ,0 0 0
do
7 % p r e f . . 4 0 .0 0 0 ,0 0 0 U n io n Steel C o .................... 2 0 ,0 0 0 ,0 0 0
O a r n c g le ................................1 6 0 ,0 0 0 ,0 0 0 C lalrton S t e e l......................
3 ,5 0 0 ,0 0 0
O utput o f C om p a n y in 1908, C ross T on s (see V . 8 0 , p . 729)
I r o n o r e _____________________1 6,6 6 2 ,7 1 5 B essem er steel rails_______ 1,050,380
P ig Iron, sp legel, <Scc.......... 6,9 3 4 ,4 0 8 F inished stru ctu ra l w o r k .
403 ,832
B essem er s te e l....................... 4 ,0 5 5 ,2 7 5 P lates an d s h e e ts_________ 1,082,791
#>pex-hearth s t e e l ________ 3 ,7 8 3 ,4 3 8 W ire an d w ire p r o d u c t s .. 1 ,275,785
C o k e , m a n u fa c tu r e d _____ 8,169,931 B lo o m s , slabs, bille ts, & c .
551,106
G o a l (n o t used fo r c o k e ) . . 3 ,0 0 8 ,8 1 0 A ll o th e r finished p r o d u c ts 1,843,029
O n J a n . 1 1903 t o o k o v e r the en tire ca p ita l s to c k o f th e new U n io n Steel
C o ., $ 45 ,000 ,00 0 o f new 5 % b o n d s be in g g u a ra n te e d , p rin cip a l an d Interest.
S ec th a t c o m p a n y on a p rece d in g p a g e .
V . 7 5 , p . 1359; V . 7 6 . p . 107, 546;
V . 7 8 , p . 1174. In M ay 1904 th e C lalrton Steel C o . w as a c q u ir e d , th e Steel
C o r p o r a tio n g u aran teein g $ 10 ,230 ,00 0 b o n d s.
In J u ly 1908 pu rch ased S ch o e n Steel W h e e l C o . V . 8 7 , p . 101, 229.
I n A p ril 1906 the In d ia n a Steel C o. b egan t o b u ild a new plan t a t G a ry , In
Lake C o u n ty , I n d ., w ith an ann u al c a p a c ity o f 1 ,7 5 0 ,0 0 0 to n s o f finished
s teel, t o c o s t a b o u t $ 1 1 5 ,0 0 0 ,0 0 0 .
In Ja n . 1909 $5 0 ,0 0 0 ,0 0 0 had been set
aside fro m ea rn in g s, to bu ild this p la n t, o f w h ich $42 ,7 9 7 ,2 3 0 had been
e x p e n d e d . V . 82, p . 575, 637 , 702 , 991 , 1216; V . 83, p. 1123; V . 84,
p. 635; V . 86, p . 731; V . 8 7 , p . 351 , 484; V . 8 8 , p. 75 4 , 758.
In O c t . 1906 a lease o f the ore lands o f the G reat N o rth e rn R y ., N orth ern
P a cific R y . an d oth ers on a r o y a lty basis w as a rra n g e d , t o co n tin u e until the
ore Is e x h a u s te d , unless the lease Is te rm in a te d J a n . 1 1015 u n d er the o p tio n
reserved to the Steel C orp .
M in im um to n n a g e t o be m in e d , 750 ,000 In
1907, Increasing 750 ,000 y e a r ly u n til 8 ,2 5 0 ,0 0 0 Is re a ch e d : c o s t t o be $1 65
er ton stan dard ore, w ith 3 .4 cents p er to n Increase a n n u a lly .
V . 83, p .
2 2 , 912, 1290; V . 84, p. 755 , 936; V . 8 6 , p . 855; V . 8 7 , p . 952 .
In N o v . 1907 p r a c tic a lly all o f th e $ 3 2 ,5 4 1 ,0 0 0 T e n n . C oal Ir o n A R R .
s to c k w as a cq u ired . V . 8 5 , p . 1212, 1272, 1407; V . 8 6 , p . 730 ; V . 8 8 , p . 1066.
S T O C K .— As t o retirem en t o f $ 1 5 0 ,0 0 0 ,0 0 0 o f $ 5 1 0 ,2 8 1 ,1 0 0 preferred
s t o c k , see b o n d s b e lo w .
L arge s to c k h o ld e r s M ay 1905, V . 7 5 , p. 81.
D I V I D S . — 11902. 1903. 190 4-0 5. 1906. 1907. 190 8.
1909.
C om m on— % }
4
3H
N one.
1 yi
2
2
M , Vt. M, 1
P referred _ . % J A u g . 1901 to N o v . 30 190 9, 7 % p er a n n u m (\ % % qu a r.)
O n c o m ., D e c . 06 to Jun e 30 ’0 9 , 2 % ,
q u a r.; S e p t ., *A % : D e c., 1 % .
B O N D S .— T h e colla tera l trust 5 % b o n d s o f I 9 0 i w ere se cu re d b y all the
secu rities ow n e d ; $ 1 5 4 ,0 0 0 ,0 0 0 o n ly (series A , C an d E) are s u b je c t t o call

C

?

J




W hen
P a yable

B on d s— P r in t lpa l, W hen D u *
Stocks— Last
D ivid en d

A m ou n t
O utstanding

A
& O
J
A
J
M A
M A
M A
M A N
J
A
J
J
A
J
co m p a n l
See te x t
Q — J 15
J
A D

W here P a y a b le, and by
W hom

do
do

do
do

s F id e lity T itle A T r , P itts
s H o m e T r C o, N ew Jersey
s U S T ru st C o , N ew Y o r k
Illinois T r A S av B k .C h lc
U nion T ru s t C o , P ittsb
B k o f A m e r , N Y ; o r P itts
es u n d er R R s — F o r o th e r
Checks m ailed
do
Cen tral T ru s t C o , N Y

A u g 1910-39
Jan 1910-25
J u ly 1910-13
A u g 1 1915-20
F eb 1 1932
M ay 1 1941
1969
O ct 1 1937
Jan 1 1916
S e p t 1 1946
M ch 1 1914
T o M ay 1914
N o v 1 1920
Jan 1 1915
J u ly 1 1910-1#
b o n d s see t e x t
A u g 20 '09 3 %
O ct 15 ’ 09 3 %
D e c 1 1023

M A
S Bk o f M an h a ttan C o , N Y M ch 1 1949
5 K
Checks m ailed
5 In 1909
O ct 2 0 '0 9 1 H
C J
J—
3 In 1909 J
A
J
do
J u ly 1 '0 9 I X %
A D
6 In 1908 J
do
Jun e 1 1909 3 %

In w h ole o r part a t 1 1 5 % a fte r A pril 1 1911: a sin k in g fu n d o f $3,0 4 0 ,0 0 #
y e a r ly , b e g in n in g Ju n e 1 1902, can purchase b o n d s, If o b ta in a b le a t n o t
e x c e e d in g 115 an d Interest, and a fte r A pril 1 1911 m a y be a p p lie d t o the re­
d e m p tio n o f series A , C an d K b o n d s t o be draw n b y lo t.
In J a n . 1909
$ 2 2 ,1 6 0 ,0 0 0 , n ot Inclu ded In a m o u n t sh ow n In table a b o v e , had been so pur­
chased an d w ere held aliv e In sin k . fu n d . Carnegie h o ld in g s, V . 77, p . 203 9.
T h e c o ll, tru st sin k in g fu n d 2d m o r t. 5s o f 1903 (V . 74, p . 584, 733 ,
892; V . 76, p . 545) are n ext In rank an d sim ilar In fo rm t o the 5s o f 1901.
T h e y are s u b je c t t o call a fte r ten years fro m d a te at 110 an d ln t. In w hole
o r part (If th e la tte r to be d esign ated b y lo t an d c o u p o n b o n d s t o be re­
d e e m e d first).
A n ann ual s in k . f d . o f $ 1 ,0 1 0 ,0 0 0 w ill p r o v id e fo r retire­
m en t o f th e b o n d s.
N o fo re clo su re p ro c e e d in g s can be b ro u g h t fo r d e fa u lt
(In p a y m e n t o f prln . or ln t. con tin u in g) fo r less than tw o yea rs. In A pril
1909 $ 7 ,4 8 8 ,5 0 0 n o t Inclu ded In table a b o v e w ere held a liv e In sin k in g fu n d .
In 1903 $15 0,0 0 0 ,0 0 0 p re f. s to c k was e x c h a n g e d , $ fo r $, fo r se c o n d m o r t.
b o n d s, $2 0 ,0 0 0 ,0 0 0 o f the b o n d s b ein g also sold a t par to p ro v id e fo r Im ­
p ro v e m e n ts an d $30 ,0 0 0 ,0 0 0 e x ch a n g e d In N o v . 1907 fo r T e n n . C oa l, Iro n A
U R . com . stock .
Final $5 0 ,0 0 0 ,0 0 0 (o f the au th o riz e d Issue o f $ 2 5 0 ,0 0 0 ,­
000 2d 5s o f 1903) Is a p p lica b le fo r e x ch a n g e fo r preferred s t o c k .
See V .
76, p. 334 , 439 , 545, 1147, 1200; V . 77, p. 717 , 82 7 , 1536, 2039; V . 7 8 , p.
1173, 1786; V . 79, p . 1283; V . 85, p . 1212, 1282; V . 86, p . 730.
B on d s o f C om pa n ies Controlled N ot M en tion ed in Table A b o ve.
Interest.
O utstanding.
M a tu rity.
A lle gh e n y F u rn ace m o r t g a g e .. .......... 5 F . A A .
$78 ,000
A u g. 1 1911
A m .Sh eet S te e l— D e w e e s W o o d Is tM . 5 F . M . A N . 2 ,0 0 0 ,0 0 0
M ay 1 191#
H o s t.C o n n .C oke 1st M ( V .8 5 ,p . 1466) 5 F . A A .
834 ,0 0 0 J u ly 1 1 9 4 2
C o n tln ’l C ok e Ms d u e $10 0,00 0 jr 'r ly . 5 F . & A .
2 0 0 ,0 0 0 F e b . ’ 1 0 -’ l l
D ue $37,000 y e a r ly .............................. 4 W A pril 27
3 7 0 ,0 0 0 A p r. ’ 10-’ 19
C arnegie C o. co llateral tru st m t g e .. 5 A . A O .
4 3 ,0 0 0 A p r. 1 2009
R o s e n a F u rn ace first m o r tg a g e ______5 J . & I ).
2 5 0 ,0 0 0 D e c . 1 1912
S ch o e n S t c e lW h ce l C o .1st M .g .g u .b y )
C arnegie Steel C o . o f N .J . .re d . 105J5 g M . A S. 1 ,3 1 2 ,0 0 0
M ch . 1 1 9 1 #
L A T E S T E A R N I N G S .— F o r 9 m o n th s e n d in g S e p t. 30 ("C h r o n ic le ”
O c t o b e r 3 0 ):
N in e
N et over
Int.,s.f.
A d d it'n s. D i v . ( S H % ) D iv . on
Balan**,
M o s . repairs, A c . d ep r., A c . con st., A c . on p f .stk. com . stk.
su rplu s.
$
$
$
$
$
$
1 9 0 9 .. 9 0 ,5 0 8 ,666 39,0 8 1 .0 7 1 1 # ,000,000 18,914,757 *1 1 ,4 3 6 ,8 0 7 1 1 ,0 7 6 ,0 3 1
1 9 0 8 .-6 5 ,6 0 1 ,0 3 5 33,0 0 4 ,6 5 1
_________ 1 8 ,914,757 * 7 ,6 2 4 ,5 3 9 5 ,9 6 7 ,# *$
* In 1909 2 K % ; In 1908. 1 H % .
R E P O R T .— F o r 1980 w as g iv e n In V . 8 8 , p . 74 4 , 753 : e d i t - p . 719 .
Year ending D ec . S I—
1908.
1907.
1906.
G ross sales an d earnings .................. $ 4 8 2 ,3 0 7 ,8 4 0 $ 7 5 7 ,0 1 4 ,7 6 8 $ 6 9 6 ,7 5 6 ,9 2 #
R ep a irs, ch arges, s u b . c o s ., & c ___ 3 9 0 ,4 6 0 ,1 3 0
5 9 6 ,0 5 0 ,0 9 4
540 ,1 3 2 ,6 5 3
N et e a r n in g s ..............
$9 1 ,8 4 7 ,7 1 0 $ 1 6 0 ,9 6 4 ,6 7 4 $15 6 ,6 2 4 ,2 7 3
S in k , fu n d o f s u b s ld . c o s .' b o n d s .
$ 1 ,5 8 8 ,0 7 0
$1,977,761
$1,9 0 4 ,0 6 4
d o o f U . S . C o rp . b o n d s _____
5 ,3 8 5 ,2 0 3
5 ,1 3 7 ,4 9 7
4 ,9 0 8 ,0 0 0
D e p ’n & e x tin . fu n ds (reg. p r o v . ) .
3 ,8 4 4 ,2 1 4
6 ,6 8 1 ,7 4 6
5 ,857,411
E x tr a , r e p l’ t fu n ds (reg. p r o v ’ n ) .
1 1 ,532,897
1 5 ,5 6 0 ,2 3 7
15,3 9 5 ,8 6 0
S p e c, fu n d s fo r lm p ts . & e x t e n ___ _______________
3 ,5 0 0 ,0 0 0
7 ,5 0 0 ,0 0 0
Set aside fo r co n s tr u c tio n , & c ____ ______________
5 4 ,0 0 0 ,0 0 0 5 0 ,0 0 0 ,0 0 #
In terest o n U . S . Steel b o n d s ____
2 3 ,8 6 2 ,6 4 7
2 2 ,8 6 0 ,3 5 3
2 2 ,8 3 0 ,8 5 0
D e p re c. In In ven t, an d a d ju s t m ’ ts
cr. 0 4 ,0 3 5
681 ,5 1 6
90,502
D iv id e n d o n preferred s t o c k ____ (7 )2 5 ,2 1 0 ,6 7 7 (7 )2 5 ,2 1 9 ,6 7 7 (7 )2 5 ,2 1 9 ,6 7 7
co m m o n s t o c k _______ (2 )1 0 ,1 6 6 ,0 5 0 (2 )1 0 ,1 6 6 ,0 5 0 (2 )1 0 ,1 6 6 ,0 5 #
do
B a la n ce , u n d iv id e d e a rn in g s___ $ 1 0 ,3 4 2 ,9 8 7
$ 1 5 ,1 7 9 ,8 3 6
$ 1 2 ,7 4 2 ,#5#
D I R E C T O R S .— T h e d ire cto rs are as fo llo w s ;
T o F e b . 1910.
T o F e b . 1911.
T o F e b . 1912.
J . P . M orga n ,
M arvin H u g h ltt,
R o b e r t W ln s o r ,
H e n ry P h ip p s,
D aniel G . R e id ,
C harles S teele,
J . P . M organ J r .,
J . D . R o c k e fe lle r J r .
W illia m H . M oore,
T h o m a s M orrison ,
W illia m E. C o r e y ,
N o rm a n B . R e a m ,
E lbert H . G ary (C h ’ m ’ n ) , G eorge F . B a k er,
P e te r A . B . iv id c n e r ,
G eorge W . P erk in s,
N ath an iel T h a y e r ,
Jam es H . R e e d ,
E d m u n d C. C o n ve rse ,
J o h n F . D ry d e n ,
H e n ry C . F rick ,
A lfred C lifford .
C lem en t A . G rlsuom .
W illia m E d e n b o r a .
O F F I C E R S .— P re s ., W . E . C o ry ; 1st V .- P ., W m . B. D ick so n ; S ee. am#
T r e a s ., R ich a rd T rim b le ; C o m p tr o lle r , W illia m J . F ilb e rt.
O ffic e , 71 B 'w a y , N . Y . — ( V - 89, p. 4 9 , 282 , 291 , 353.)
.
U T IC A G A S & E L E C T R IC C O — V . 8 8 . p . 1228; V . 87. p . 541 .
V I R G I N IA -C A R O L I N A C H E M IC A L C O .— O R G A N I Z A T I O N .— l n « o » p o ra te d on S e p t. 12 1895, an d a cq u ire d m a n y su cce ssfu l m a n u fa cto rie s e l
a c id s , ch em icals an d c o m m e rcia l fertilizers fro m B a ltim ore to A tla n ta and
S a v a n n a h , several In A la b a m a , a n d on e ea ch In M ississippi, L o u isian a a e d
T en n essee.
V . 68, p . 431; V . 69, p . 232 , 964; a d v . In "C h ro n icle * ’ M arch 4
1899; V . 72, p . 444 . See s ta te m e n t s h o w in g p ro p e rtie s o w n e d , & c ., V . 72,
p . 1186; V . 72, p . 1191, 1285; V . 7 3 , p . 137, 240 ; V . 7 4 , p . 942 , 1#83;
V . 7 5 , p . 81, 140, 496; V . 8 7 , p. 283.
S T O C K .— T h e rem ain in g $ 2 ,0 0 0 ,0 0 0 p re fe rre d s to c k c a n n o t b e Issued
In e x ce s s o f $40 0,00 0 In a n y fiscal y e a r e x c e p t on v o t e o f a m a jo r ity o l
the s t o c k .
V . 78, p . 1451: V . 77, p . 355 , 405 ; V . 78, p . 1503, 1970.
D I V S - 1 '9 6 . '97 t o M c h .’0 2 , Incl. J u n e '02 t o J u n e ’0 3 .
’0 4 -’ 0 8 .
’ #9.
C om . % ) 1
4%
5%
N o n e . A u g .,3
P re f.,8 % J
In full t o O c t . 1909, Inclu sive (p a id Q .-J . 1 5 ).
In A u g. 1909 3 % o n c o m . fro m earnings o f fiscal y e a r 190 8-0 9. V .8 9 ,p .l6 V .
B O N D S .— T h e first m o rtg a g e 5s o f 1908 ($ 1 5 ,0 0 0 ,0 0 0 a u th o r iz e d Issue)*
o f w h ich $1 2 ,0 0 0 ,0 0 0 h a ve been so ld (th e rem ain d er n o t be in g Issuable for
three y e a r s ); to retire the $ 4 ,5 0 0 ,0 0 0 co llateral tru st b o n d s o f 1902, called
fo r p a y m e n t at 105 o n A p rii 1 i9 0 9 , an d fo r w o rk in g c a p ita l. T h e y arc
s u b je c t t o call as a w h ole at 105 an d $300,000 y e a rly fo r the sin k in g fund
a t 102 y i. T h e y are secu red b y (1) a first lien o n all real estate an d p lan ts
o w n e d In fee an d (2) a pledge o f all the shares o f th e S o u th e rn C o tto n
OH C o . ($ 1 0 ,0 0 0 ,0 0 0 ), all th e shares o f the C h arleston (S . C .) M in in g A
M fg . C o. ($ 2 ,2 1 9 ,2 0 0 ), a co n tr o llin g Interest In the E ln lgk elt (p o ta sh ) C o.
an d th e C h em ical W o r k s S c h o n e b e ck , L td . (co s tin g m ore than $ 3 ,0 0 0 ,0 0 0 ).
an d all o th e r s to c k s o w n e d b y the c o m p a n y In o th e r c o m p a n ie s a t th e tim e
o f th e m a k in g o f the m o rtg a g e . T h e cu rren t assets, In clu din g subsidiaries,
shall a t all tim es e x c e e d the cu rren t B a lbuties b y the a m o u n t o f th e o u t­
sta n d in g b o n d s.
V . 8 7 , p . 1361, 1092.
R E P O R T fo r y e a r e n d . M ay 31 1909 In V . 89, p . 161, 220 , sh o w e d gross
p ro fits , $ 4 ,5 0 8 ,9 8 0 ; ln t. o n b o n d s , $47 4,23 5; ln t. an d d is c ., $49 6 ,1 5 2 ; d i r .
o n p re f. ( 8 % ) , $ 1 ,4 4 0 ,0 0 0 ; d iv . o n c o m . ( 3 % ) , $ 83 9,53 2; set aside fo r c o n ­
tin gent fu n d , $10 0,00 0; b a la n ce , su rplu s, $ 1 ,1 5 9 ,0 6 1 .
D I R E C T O R S .— S . T . M organ (P r e s .), E . B . A d d is o n , Jam es N . B o y d ,
T . C . W illia m s J r. o f R ic h m o n d , V a .; N . S. M eld ru in , H e n r y W a lters,
N elson R o b in s o n , H a rry B ron n er, N ew Y o r k ; J am es I). D u k e , S o m e rv ille,

M I S C E L L A N E O US
F o r explan ation o f colum n headings, & c ., see notes on
first page o f tables

Wells, Fargo & Co— S t o c k ----------------------------------------------------------W e is b a c h Co— C ollateral tru st m tg e g o ld $ 7 ,0 0 0 ,000 s L . P I P
Western Ice— G eneral an d co lla te ra l m tg e $ 3 0 ,0 0 0 ,0 0 0 g o ld .
Western Telephone & Telegraph— 6 % c u m u la t iv e -----------------C ollateral trust g old b o n d s $ 1 0 ,0 0 0 ,0 0 0 _______________01$.c*
S ecu red g o ld b on d s red 105 begin 1922 (see t e x t ) ____ OI$.c*
Western Transit C o — B o n d s g u a r b y N Y C e x te n d e d In 1903
Western Union Telegraph— S to c k $ 1 2 5 ,0 0 0 ,0 0 0 a u t h o r iz e d ..
C ollateral tru st b o n d s __________________________________ M c.c*
F u n d in g a n d real esta te m o rtg a g e $ 2 0 ,0 0 0 ,0 0 0 g o l d - .F . c & r
G old b o n d s , to be paid M ay 1 1912 c o n v e r t (te x t) . . B . c * &r
Westinghousc Air Brake— S to c k $ 1 4 ,0 0 0 ,0 0 0 -------------------------Westing Elec&Mfg— A ssen stk $ 5 6 ,0 0 0 ,0 0 0 a u th (V 71p 1274)
F irst p referred ($ 4 ,0 0 0 ,0 0 0 ) s t o c k 7 % cu m an d p a rtlclp a t
D e b e n tu r e certifica tes g o ld redeem 105 (see t e x t ) _______Me
B o n d s (d eb en tu re) $ 2 5 ,0 0 0 ,0 0 0 c o n v s f red (see t e x t ) ___ S
C o llateral trust n otes re d e e m a b le ( t e x t ) _____________________
C ollateral n otes r ed eem a b le (sec o p t io n t e x t ) ___________Ale
W a lk e r C o first m tge (co n tin g e n t lia b ility ) (see t e x t ) --------Westinghousc Machine— S to c k au th o riz e d $ 1 0 ,0 0 0 ,0 0 0 --------M ortg age d u e $35 ,000 y e a r ly _________________________________
D e b en tu res $ 1 ,5 0 0 ,0 0 0 gold re d e e m a b le b y lo t a t 1 0 5 ------S in k in g fu n d b on d s $ 1 0 ,0 0 0 ,0 0 0 a u th o rize d _______________
C ollateral n otes secu red b y b o n d s $ 7 ,2 0 0 ,0 0 0 red p a r -------r
W e s tin g h o u s c F o u n d r y 1st M gu a r d u e $50 ,0 0 0 y r ly b e g '07
Wilkes-Barre (ias & Elec— 1st co n s M red 110 (see t c x t )c * & r
Yankee Fuel— First m tg e $ 2 ,5 0 0 ,0 0 0 g s f red t e x t . . U s m .c* &r

IN T E R E S T OR D I V I D E N D S
D ate
of
Bon ds
1900
1907
1902
1907
1883
1888
1900
1907

1898
1906
1907
1907
1898
1895
1899
1907
1908
1902
1905
1906

S iz e, or
Par
V a lu e
$100
100 &c
1,000
100
500 &c
1,000
1,000
100
1,000
1,000 & c
1,000
50
50
50
1,000
1,000
1,000
£ or $
1,000
50
1,000
1,000
1,000
500 & c
1,000
1,000
1,000

N . J .; R . J . R e y n o ld s , W in s to n , N . C .; G eo. W . W a t t s , D u rh a m , N . C .;
F a irfa x H arrison , W a s h in g to n , D . C. S ee. Is S. D . C renshaw ; T r e a s .,
S . W . T r a v e r s , R ic h m o n d , V a .— (V . 89, p . 161, 169, 220 , 230 , 415.)
VIRGINIA IRON COAL & COKE C O — O R G A N I Z A T I O N .— O w ns fu r­
naces at R o a n o k e , P u lask i, R a d fo r d , G ra h am , M ax M ead ow s an d R e e d
Is la n d , V a .: Bristol an d M id d le sb o ro u g h , K y .; C rescent H o rsesh oe W o rk s ,
M ax M eadow s, V a .: steel w ork s at M id d le sb o ro u g h , K y ., an d certa in f o u n ­
d r y an d m ach in e w ork s.
A lso ow ns a b o u t 132 ,000 acres o f coa l la n d s, and
ow n s and con trols a b o u t 209 ,000 acres Iron and ore an d tim b e r la n d s.
V . 68, p . 675; V . 69, p . 388; V . 76, p . 272; V . 7 9 , p . 1703; V . 8 1 , p . 1615.
In 1906 sold $1,0 0 4 ,5 0 0 s to ck o f V a . & S . W . R y .
V . 8 7 , p . 739.
S to c k a u th oriz ed , $ 1 0 ,0 0 0 ,0 0 0 , all c o m m o n ; o u ts ta n d in g , $ 9 ,0 7 3 ,6 8 0 ; p ar
$100. O n O ct. 1 1907 a 5 % s to c k d iv id e n d , ca llin g fo r $432,080 s to c k ,
in clu d ed In th e a m o u n t a b o v e , w as p a id . V . 8 5 , p . 350 . A b o u t $ 5 ,0 0 0 ,0 0 0
s to c k w as d ep os ited in M arch 1907 In a 5 -y e a r v o t in g tru st. See V . 8 4 ,
p . 5 1 2 . R ea d ju sted per plan V .7 5 ,p . 3 4 8 , 3 9 8 , 73 6 . O f th e 1st 5s, $ 4 ,6 3 9 ,0 0 0
h a ve been c a n celed ; the $47 4,00 0 unissued are held t o retire p rio r lien
b o n d s, v i z ., $490,000 C arter C oal & Iro n sin kin g fu n d g o ld 5s, d u e O ct. 1
1938, s u b je c t to call at 105 (N e w Y o r k T ru st C o ., t r u s te e ).
R e p o r t fo r
y e a r en d in g Ju n e 30 1909 w as In V . 89, p . 917 , sh o w in g : G ross ea rn in gs,
$ 3 ,0 0 0 ,0 6 0 ; n e t, $19 8 ,0 8 0 ; o th e r In co m e , $ 71 ,135 ; c h a rg e s, t a x e s , & c .,
$58 0,94 6; b a l., d e f ., $ 31 1,73 1.
P r e s ., H e n r y K . M cIIa rg , N ew Y o r k .
O ffic e , R o a n o k e , V a .— (V . 8 7 , p . 739; V . 8 9 , p . 850 , 917.)
VULCAN DETINNINQ CO.— See p a g e 170.
WALTHAM WATCH C O .— O R G A N I Z A T I O N .— In c o r p o r a te d In M assa­
ch u setts In M ay 1906 as su cce sso r per plan o f rc -c a p lta liz a tlo n In V . 82, p .
1042 o f A m erica n W a lth a m W a tc h C o . H o ld e rs o f s to c k o f o ld c o .
($ 4 ,0 0 0 ,0 0 0 ) receiv ed per $100 share $100 In preferred a n d $175 c o m m o n
s to c k o f new c o m p a n y .
M an u factu res “ W a lth a m ” w a tch e s; fa c t o r y sit­
u ated a t W a lth a m , M ass. O u tp u t o f w a tch m o v e m e n ts , 8 4 4 ,2 4 5 In 1906
(289 w ork in g d a y s ).
V . 76, p. 161; V . 82, p . 1042; V . 84, p . 630.
S to c k .— P ref. s to c k c a n n o t be Increased n or m tg e . a u t h . w it h o u t co n s e n t
o f X o f ea ch c la s s. V . 84, p . 698.
D iv id e n d s on s to c k s o f new c o ., 3 % o n p re f , D e c . 1906; In 1907 a n d 1908,
6 % (J. & D .) ; 1909, J u n e , 3 % ; o n c o m ., in 1907, 3 % ; 1908, Jan , 1 H % ;
J u ly , X % ; 1909, 3 % (J. & J . ) .
B a l. sheet V . 88, p . 1617. P re s ., E zra
C. F itc h ; T r e a s ., R o y a l R o b b in s , 373 W a s h in g to n S t ., B o s t o n .— (V . 87,
p. 1667; V . 8 8 , p . 948, 1617.)
WELLS. FARGO & CO. (EXPRESS).— I n c o r p . in C o lo r a d o F e b . 5
1866.
On Ju n e 30 1909 o p e r a te d on 61,8 6 9 m iles o f railroad In th e U . S . an d
M e x ico , 8,5 1 6 m iles o f sta g e . Inland an d o c e a n s te a m e r rou tes; t o ta l, 70,385
m iles (b u t see V . 8 7 , p . 4 8 4 ).
In F e b . 1909 arra n ge d lo n g -te rm c o n tr a c t
fro m M a y 1 1909 o v e r C h ic. M Ilw . & S t. P ., In clu d in g P a cillc C oast e x t e n ­
s ion , an d In A p r. ’ 09 arran ged c o n tr a c t o v e r N a t. R y s . o f M e x . lin es. V . 88,
p. 383 , 1066.
D lv s. o f 8 % y e a r ly w ere p aid fo r m a n y years, b u t th e scm lan n . d lv . paid In J u ly 1894 w as re d u ce d t o 3 % ; 1895 t o Ja n . 1906, 6 % y ’ly ;
In Jan . 1902, 2 % e x t r a , an d In J u ly 1902 t o Jan . 1906, 1 % e x tr a sem i­
a n n u a lly ; J u ly 1906, 5 % ; 1907 t o 1909, 1 0 % (J. & J . ) .
O fficia l circu lars,
V . 8 3 , p . 90, 163, 268 , 434 , w ith ba l. s h ., & c., M a y 26 1906.
R e p o r t fo r y e a r en d . Jun e 30 1909, In V . 8 9 , p . 916 , s h o w e d : G ross,
r eceip ts e x p ress bu sin ess, $ 2 4 ,4 7 6 ,4 3 2 , a g ain st $22 ,945 ,46 8 In 1907-08; to ta l
n et In com e, $ 4 ,6 6 4 ,3 7 9 , a ga in st $ 4 ,0 7 8 ,8 1 8 .
R e s e rv e fu n d Ju n e 30 1909,
$ 1 9 ,7 0 1 ,5 7 5 .
P res., D u d le y E v a n s.
N ew d ir e cto r s A u g. 1908, V . 8 3 , p .
329; V . 87. p . 4 8 4 .— (V . 87, p . 4 7 8 , 484; V . 8 7 , p . 1305, 1425; V . 88, p .
383 , 1066; V . 8 9 , p . 916.)
WELSBACH CO.— O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Jersey
A pril 28 1900 as a co n s o lid a tio n , per plan V . 70, p . 898 .
U n ited G as Im ­
p r o v e m e n t, It Is u n d e rs to o d , ow ns c o n t r o l.
S t o c k , $ 3 ,5 0 0 ,0 0 0 ; par, $100.
D I V I D E N D S .— 1901 to 1909, ln c l., 2 % y e a rly (since 1903 p aid In S e p t .) .
R E P O R T .— F o r y e a r e n d in g A p ril 30 1909, gross profits w ere $ 64 2,88 3;
Interest an d sin k in g fu n d , $431,965; ch a rg e d o il, $58 ,277 ; d iv id e n d s ( 2 % ) ,
$70 ,000 ; b a l., s u r ., $82 ,6 4 1 .
F o r y e a r 1907-08, gross p ro fits, $58 8 ,1 3 2 .
P r e s ., S id n e y M ason; S e c ., W . F . D ou th lrt; T r e a s ., L ew is L illie. O ffic e ,
N . W . c o r . B road and A rch S ts ., P h ila .— (V . 8 7 , p . 681; V . 89, p . 668.)
WESTCHESTER LIGHTING.— See C o n so lid a te d G as C o . o f N ew Y o r k .

WESTERN GAS CO. (AIILWAUKEE).— (V. 88, p. 629, 752.)
WESTERN ICE C O — O R G A N I Z A T I O N .— In c o r p o r a te d In N ew Jersey
In D e c. 1907 t o a c q u ir e , per plan V . 83, p . 1527, a m a jo r it y o f th e $3,0 0 0 ,0 0 0
pref. a n d $ 4 ,0 0 0 ,0 0 0 c o m . s to c k o f th e K n ic k e r b o c k e r Ice C o . o f C h ica g o .
V . 84, p . 343 ; V . 8 5 , p . 738 , 809; V . 8 6 , p . 340 . S to c k a u t h ., $ 1 5 ,0 0 0 ,0 0 0 ,
par, $10 0.
G en. an d c o ll. m tg e . 5 % g o ld b o n d s , $ 3 0 ,0 0 0 ,0 0 0 , o f w h ich
$ 5 ,5 0 0 ,0 0 0 Issuable a t o n ce on a c c o u n t o f p urchase o f K n ic k e r b o c k e r Ice
s to c k . T h e J a n . 1908 c o u p o n w as p aid In K n ic k e r b o c k e r Ice s crip , n o
d iv id e n d bein g p aid on th a t c o m p a n y ’s c o m . s t o c k .
V . 86, p . 48 6 , 922 .
P res., W . E . A u stin , 71 B 'w a y , N . Y . — (V . 86, p . 922.)
WESTERN TRANSIT CO.— O w ns piers, &c ., In B u ffa lo , N . Y . , fleet o f
14 steam ers (o f w h ich 8 s te e l), a n d also barges used on the G reat L a k es,
N . Y . C en t, o w n s th e $ 1 , 000,000 s t o c k . C al. y e a r 1908, gro ss, $ 1 ,4 8 2 ,0 2 8 ;
n et, $102,505; in t ., & c., $ 55 ,895 ; s u r ., $ 4 6 ,6 1 0 .— (V . 79, p . 738.)
WESTERN TELEPHONE & TELEGRAPH CO.— O w ns 7 7 % o f the
C levelan d T elep h on e C o ., 8 2 % o f the N orth w estern T e le p h o n e E x ch a n g e
C o ., w h ich op era tes the D u lu th T e le p h o n e C o. an d M csaba T e lep h o n e C o .,
an d 8 4 % o f the S ou th w e ste rn T e le g ra p h & T e le p h o n e C o ., 8 2 % o f the
W iscon sin T elep h on e C o . T h ese c o m p a n ie s o p e ra te In O h io , M in n esota,
N orth an d S ou th D a k o ta , T e x a s , A rkansas a n d W isc o n s in , und er licenses
fro m A m . T elep h on e & T e le g ra p h C o ., w h ich ow n s the ba la n ce o f the s to c k
o f the three first n a m ed .
A m e r. T e l. & T e l. in M ay 1909 ow n e d $ 1 2 ,1 8 7 ,6 0 0
pref. an d $ 9 ,1 4 3 ,5 0 0 c o m . s t o c k .
V . 8 4 , p . 1058. C o m . s to c k is $ 1 6 ,0 0 0 ,­
000; p r e f., see table a b o v e .
O R G A N I Z A T I O N .— I n c o r p o r a te d In N . J . o n Jan . 22 1902 as su cce sso r
o f E ric T . & T . C o ., p er plan In V . 73, p . 1359, a n d V . 7 4 , p. 42.
D I V I D E N D S — D lv . on p r e f., A u g. 1902 t o F e b . 1904, 4 % y e a rly (F . &
A .) . Since t o A u g . 1909, 5 % y e a r ly (F . & A . ) .
B O N D S .— All Erie b o n d s e x c e p t $39 ,0 0 0 h a v e be e n r e tire d .
N ew b o n d s
a rc secu red b y stk s. an d b d s . o w n e d . Sec lis t, V . 74, p . 893; V . 8 4 , p . 1058.
T h e secu red g old b o n d s d a te d 1907 h e re to fo re used t o secu re n o te s h ave
as colla tera l (see V . 84, p . 1058) secu rities the va lu e o f w h ich m u st a lw a ys
e x c e e d b y 33 1-3 % the p rin cip a l o f th e b o n d s .
O th er n o te s p a y a b le F e b . 1
1909, $ 6 ,3 6 0 ,0 0 0 t o A m . T e l. & T e l. C o a n d $65 2 ,0 0 0 t o s u b sid ia ry c o m ­
p a n y . T h e A m . T el. & T e l. C o . p ro v id e d fo r the re d e m p tio n o f the $ 6 ,­
0 0 0 ,0 0 0 5 % n otes a t m a tu r ity M ay 1 1909 b y the sale o f a b lo c k o f its
b o n d s.
V . 87, p. 1483.
P osta l T e le g .-C a b le C o. o f T e x a s , $ 1 ,1 8 9 ,0 0 0 3 0 -y e a r g o ld 5s, d u e Ja n . 1
1928, gu ar, o f Interest an d sin k in g fu n d (s u fficie n t t o retire b o n d s a t m a tu r­
i t y ) . assum ed on p u rch a se, M arch 15 1902.
V . 76, p . 335.
R E P O R T — R e p o r t fo r ye a r e n d in g Ja n . 31 1009, w ith ba la n ce sheet, In
V .J 8 8 , p. 1617, s h o w e d , to ta l In com e, $ 2 ,2 2 5 ,1 0 0 ; net r e v e * u e , $ 82 9,40 9;




A m ount
O utstanding
$ 8 ,0 0 0 ,0 0 0
6 ,5 2 6 ,0 0 0
S ee te x t
1 6 ,0 0 0 ,0 0 0
9 ,8 7 3 ,0 0 0
S ee t e x t
1,5 0 0 ,0 0 0
9 9 ,7 8 7 ,0 0 0
8 ,6 4 5 ,0 0 0
2 0 ,0 0 0 ,0 0 0
1 0 ,0 0 0 ,0 0 0
13,7 5 0 .0 0 0
3 6 ,7 0 4 ,7 7 5
3 ,9 9 8 ,7 0 0
1.9 6 9 ,0 0 0
2 0 ,5 1 3 ,7 5 4
6 ,0 0 0 ,0 0 0
2 ,7 2 0 ,0 0 0
8 5 0 ,0 0 0
7 ,2 7 9 ,3 0 0
175,000
1,0 5 5 ,0 0 0
S ec text
7 ,2 0 0 ,0 0 0
850 ,0 0 0
1,8 8 2 ,0 0 0
2 ,0 2 7 ,0 0 0

R ate
%
10 In ’ 09
5 g
5 1
?
5 in 1909
5 g
5 g
3K
See t e x t
5
4H g
4 g
See t e x t
See te x t
See t e x t
5 g
5 g
6
5
6 g

S ee

W hen
P a y a b le

W here P a y a b le, and by
W hom

&
&
&
&
&

O ffic e 51 B r o a d w a y , N Y
P h ila P r o v L & T ru s t Co
See t e x t
243 W a s h ’ n S t, J C , N J
O ld C o lo n y T ru s t C o , B os
B o s to n , Mass
G ra n d C en t S ta tio n , N Y
O ffic e , 195 B w a y , N Y
do
do
do
do
do
do
P itts b u rg h , P a
O ffice 165 B r o a d w a y ,N Y
do
do
M ercantile T r u s t C o , N Y
S ta n d a rd T ru st C o, N Y

.T
J
J
F
J
F

J
M
M

.T
J
F

A
J

text
6
5 g
5
6
5
5 g
5 g

J
J
J
V
J
A

J
D
J
A
J

& A
Q— J
&
J
& N
& N
Q— J
Q— J
Q— J
&
J
&
J
& A
& O
&
J
Q— J
& D
&
J
&
J
Q— J
& N
&
J
& O

N ew Y o r k o r L o n d o n
C en tral T ru st C o, N Y
E a st P itts b u r g h , Pa
F k lel T it & T r C o . P itts b
do
do
S ta n d a rd T ru s t C o , N Y
C o lo n ia l T ru s t C o , P itts b
F id e lity T ru s t C o . P h ila
A p ril 1909 n o t p aid

B onds— P r in c i­
pal, W hen D u e
Stocks— Last
D ivid en d
J u ly 1 5 ’ 09 5 %
Jun e 1 1930
Jan 1 1957
A u g 2 ’ 09 2 X %
Jan 1 1932
A pr 11937
F e b 1 1923
O ct 15 ’ 09 H %
Jan 1 1938
M ay 1 1950
N o v 1 1936
O ct 9 1909 4 %
O ct 10 ’ 07 2 H %
O ct 10 ’ 09 5 X %
J u ly 1 1 9 1 3
Jan 1 1931
A u g 1 1910
O ct 1 1917
Jan 2 1916
O ct 10 ’ 07 2 >4 %
Ju n e 1910-14
J u ly 1 1919
Jan 1 1932
Jan 1 1911
M ay 1911-27
Jan 1 1955
O ct 1 1926

d lv . on p re f. ( 5 % ) , $80 0 ,0 0 0 ; b a l., s u r ., $ 2 9 ,4 0 9 .
O ffic e , 243 W a s h in g to n
S t ., Jersey C it y .— (V . 8 7 , p . 4 3 , 164; V . 8 8 , p . 690 , 1617.
W E S T E R N U N IO N T E L E G R A P H . — O rga n ized u n d e r th e law s o f N ew
Y o r k S tate on A p ril 2 1851, a n d p resen t n a m e a d o p te d In 1856.
As t o
fa v o ra b le d e cisio n In O c t . 1903, In cla im a ga in st A m e r. T e le p h o n e & T e le ­
gra p h C o ., see V . 77, p . 953, 216 0; V . 78, p . 588 , 1227; V . 8 2 , p . 336; V . 8 9 ,
p . 533.
In S e p t. 1909 It w as arra n ge d t o sell t o th e A m . T e l. & T e l. C o . th e $ 1 6 ,­
221 ,800 N . Y . T e le p h . s to c k o w n e d , o f w h ich $ 9 ,7 3 3 ,1 0 0 p le d g e d as se c u r ity
fo r th e $1 0 ,0 0 0 ,0 0 0 c o n v e r tib le 4s o f 1906 an d $ 6 ,4 8 8 ,7 0 0 h eld In th e tre a s ­
u r y , p a y m e n t to be m a d e In A m . T e l. & T e l. C o . s t o c k . A n a rra n g em en t
w ith th e M a c k a y C o m p a n ie s an d th e A m . T e l. & T e l. C o . f o r a co m m u n ity
o f Interest In w ires w as also r e p o r te d as m a d e . V . 89, p . 848.
S T O C K — In 1892 Increased s t o c k fro m $ 8 6 ,2 0 0 ,0 0 0 t o $ 1 0 0 ,0 0 0 ,0 0 0 , o f
w h ich $8,6 2 0 ,1 4 8 w as th e n p a id as scrip d iv id e n d t o represent surplus ea rn ­
ings e x p e n d e d on th e p r o p e r ty an d $ 2 ,6 3 0 ,0 0 0 still un issu ed, o f w h ich
$ 1 ,2 1 7 ,1 2 5 w as d is trib u te d in Jan . 1908 a n d $ 1 ,2 3 0 ,1 0 0 in A p ril 1908 as
s to c k d iv id e n d s .
In N o v . 1906 s to c k w as Increased t o $ 1 2 5 ,0 0 0 ,0 0 0 , to
p r o v id e fo r c o n v e r s io n o f new b o n d s.
D I V I D E N D S .— ! ’ 93 t o * A p r .'0 8 . ln c l. J ’l y '0 8 .
O c t . 190 8. 1909.
Since 1893, % \
5% ( lM Q .- J .)
X
H
3 % (Q .-J .)
* T h e Ja n . an d A p ril 1908 d iv id e n d s w ere p aid In s t o c k . V . 8 5 , p . 1525.
B O N D S — O n Ju n e 30 1909 the fo llo w in g s to c k s (par valu e) w ere p ledged
fo r th e co lla te ra l tru st b o n d s: G old & S to c k T e le g ra p h , $ 1 ,1 1 1 ,8 0 0 ; In te r ­
n ation a l O cean T e l., $1 ,9 6 1 ,5 0 0 ; N . Y . M utual T e l., $ 2 ,3 8 7 ,7 0 0 ; M aine
T elegrap h C o ., $ 11 1,00 0; W a sh in g to n & N ew O rleans T e le g . C o ., $30 ,0 0 0 ,
an d bonds. M utual U n ion T e l. 6s, $ 3 ,0 4 3 ,0 0 0 .
T h e fu n d in g an d real e sta te 4 X s c o v e r real esta te In N ew Y o r k an d
C h ica g o .
If a m o rtg a g e Is m a d e , t h e y w ill h a ve a p rio r lien . V . 7 0 , p . 3 8 4 ,
1203; V . 71, p. 750; V . 74, p . 785 ; V . 7 8 , p . 1451; V . 80, p . 226.
T h e 4 % g o ld b o n d s d a te d 1906 ($ 2 5 ,0 0 0 ,0 0 0 a u th o rize d Issue), s u b je c t
t o call at 105 o n M a y 1 1912 o r a n y s u b se q u e n t Interest d a y . T h e y are
Issuable In series, m a y b e m a d e co n v e r tib le , o n term s t o b e fix e d . Into
s to c k at n o t less th a n p a r. a n d b e secu red b y d e p o s it o f s to c k s ap p ra ised
a t n o t less th a n 8 5 % o f the p ar v alu e o f b o n d s Issued. T h e $ 1 0 ,0 0 0 ,0 0 0
Series A b o n d s su b scrib ed fo r b y s to c k h o ld e r s a t 87 X In D e c. 1906 are s e ­
c u re d b y d e p o s it o f $ 9 ,7 3 3 ,1 0 0 N . Y . T e le p h o n e s to c k (w h ich It w as a r ­
ran ged in S e p t. 1909 to sell to th e A m . T e l. & T e le g . C o .) , a re t o b e called
fo r p a y m e n t M ay 1 1912. T h e y a re c o n v e r tib le Into s to c k a t p a r up t o 30
d a y s p r io r t o re d e m p tio n . V . 8 3 , p . 629 , 1361; V . 86, p . 234; V . 8 9 ,p . 991.
C apitalization o f Lead ing P rop erties O perated U nder Lease.
B onds
I n t. or div.
Lease
m ature.
C om p a n y, & c .—
ex p ires.
A m o u n t.
% P e r io d .
N o bonds
Q— M
A m . T e l. & C able s t o c k ______
1932 $ 1 4 ,0 0 0 ,0 0 0 5
N o bonds
M&S
4 6 ,000 3
C h ic. & S t. P aul T e l. s t o c k - .
2004
N o b on d s
711 ,7 0 0 6
D o m in io n T e l. C o. stk . ($50)
1978
Q—J
N o bonds
Q— M
3 0 0 .0 0 0 4
E m pire & B a y S tate s t o c k . .
1989
N o b on d s
F ran k lin T e l. s t o c k _________
1975
3 6 7 ,1 0 0 2 M M & N
2 ,4 4 4 ,4 0 0 6
Q — J .......................
G old & S to c k T e l. s t o c k ____ J a n . 1981
500.000 4 H M & N M ay 1 1910
B on d s ($ 5 0 0 ), n o t m tge . .
_______
J& J
N on e.
Illinois & M iss. T e l _________P e rp e tu a l
1 ,830,150 4
Q— J
N o bonds
In te rn . O cea n T e l. s t o c k ____Ja n . 1981
1,0 1 5 ,4 0 0 6
N . Y . M utual T e l. s tk . ($25) F e b . 1982
e l l2 ,3 0 0 6
1911
M utual U n. T e l. 1st m t g e .
_______
f l , 957 ,000 6g. M & N M ay
J & J ............ ........
N o rth w . T e l. s tk . ( $ 5 0 ) . .M a y 7 1980
2 ,5 0 0 ,0 0 0 6
J& J Ja n .
1934
1st m tg e ., p . & I. g u a r ____
_______
1,5 0 0 ,0 0 0 4 H
J& J
N o bonds
P a c. & A tl. s to c k ($ 2 5 )..........99 ye a rs
541 ,850 4
A&O
N o bonds
558 ,575 5
S o u . & A tl. s to ck ($ 2 5 )____ 999 years
O n Jun e 30 1909 the c o m p a n y o w n e d (n o t Inclu ded In a b o v e a m ou n ts)
C h ic. & S t. P aul T e l., $54 ,0 0 0 ; D o m in io n T e l., $ 28 8,30 0; F ran k lin T e l.,
$ 63 2,90 0; G old & S to c k T e l., $ 2 ,5 5 5 ,6 0 0 ; In t. O cean T e l., $ 1 ,9 8 4 ,6 0 0 ; 111. &
M iss T e l., $10 0,35 0; P a cific & A tl. T e l., $ 1 ,4 5 8 ,1 5 0 ; S o . & A t l., $39 0 ,4 7 5 .
A lso ow n s th ro u gh co lla te ra l tru st, v iz .: e $ 2 ,3 8 7 ,7 0 0 ; f $ 3 ,0 4 3 ,0 0 0 .
T h e M ontreal T elegrap h C o. (sto ck $2,0 0 0 ,0 0 0 ; p ar $40; b o n d s , non e) Is
leased u n til 1978 to the G rea t N . W . T e le gra p h C o . o f C a n ada.
L A T E S T E A R N I N G S .— R e v e n u e fo r 3 m o s. e n d in g S e p t . 30 1909;
3 M o s . end. S ep t. 3 0 —
N et R ev.
Interest.
D ivid en d s. B a lan ce.
1909 ...................... ................ $ 2 ,0 0 0 ,0 0 0
$43 3,06 2
( 5*% )$ 7 4 7 ,4 8 6
$819,451
1908 ............... ........................ 1 ,8 6 4 ,9 5 5
433 ,062
( H % ) 497 ,820
934,073
T o ta l surplus (e stim a te d ) S e p t. 30 1909, $ 1 8 ,0 8 8 ,7 2 9 .
A N N U A L R E P O R T .— R e p o r t fo r 1908-09 w as in V . 89, p . 991.
1908-09.
1907-08.
1906-07.
1905-06.
Y e a r end. J u n e 30—
$
$
$
5
R e v e n u e s fo r the y e a r . . 3 0 ,5 4 1 ,0 7 3 2 8 ,5 8 2 ,2 1 2
3 2 ,8 5 6 ,4 0 6 3 0 ,6 7 5 ,6 5 5
O p . e x p ..r e n t ,t a x e s ,& c _ 2 3 ,1 9 3 ,9 6 6 2 5 ,1 7 9 ,2 1 5
2 6 ,5 3 2 .1 9 6 2 3 ,6 0 5 ,0 7 2
R e m a i n d e r ___________
D iv id e n d s p a id _________
D iv id e n d r a t e ___________
In terest o n b o n d s .............

7,3 4 7 ,1 0 7
2 ,7 3 9 ,4 3 6
2% %
1,732,250

3 ,4 0 2 ,9 9 7
1,714,571
•1M %
1,7 3 2 ,2 5 0

6 ,3 2 4 ,2 1 0
4 ,8 6 8 ,0 9 6
5%
1,420,061

7,0 7 0 ,5 8 3
4 ,8 6 8 ,0 8 8
5%
1 ,3 2 7 ,9 7 5

B a l., sur. o r d e f ic i t ..s u r 2 ,875,421
d e f .43,824
s u r.3 6 ,0 5 3 su r.8 7 4 ,5 1 9
• A lso d iv id e n d s fo r D e c. 1907 an d M arch 1908 q u a rte rs, 1 X % e a c h , w ere
p a id In s crip , a m o u n tin g t o $ 2 ,4 4 7 ,1 0 0 .
M ile s o f M ile s o f N o . o f
Y ea r.
P oles, & c. W ire.
O ffices. M essa g es.
R eceipts.
P r o fits .
1 8 6 6 -6 7
46,270
85.291 2,5 6 5
5 ,879,282 $ 6 ,5 6 8 ,9 2 5 $ 2 ,6 2 4 ,9 1 9
1 8 9 2 -9 3 ' . '. 1 8 9 , 9 3 6
769,201 21,078 66,5 9 1 ,8 5 8 2 4 ,9 7 8 ,4 4 3
7,4 9 6 ,0 3 7
1 9 0 6 - 07 . .2 0 5 ,6 4 6 1,321,199 2 4 ,760 74,8 0 4 ,5 5 1 3 2 ,8 5 6 ,4 0 6
6 ,3 2 4 ,2 1 *
1 9 0 7 - 0 8 ....... 208 ,477 1 ,359,430 23,853 6 2 ,3 7 1 ,2 8 7 2 8 ,5 8 2 ,2 1 2
3 ,4 0 2 ,9 9 7
19 0 9 ................... 211 ,513 1,3 8 2 ,5 0 0 24,321 6 8 ,0 5 3 ,4 3 9 3 0 ,5 4 1 ,0 7 3
7 ,3 4 7 .1 0 7
D I R E C T O R S .— R o b t . C . C lo w ry ( P r e s .), G e o . J . G o u ld , J . B . V an
E v e ry and T h o m a s F . C la rk , G e o . W . E . A tk in s (V lc e -P r e s .) , J . C. W ille v e r
(S e c ’y ) , A . R . B rew er (T r e a s .), J o h n T . T e r r y , J . J. S lo cu m , E d w in G o u ld ,
H e n ry W a lte rs , F ran k J . G o u ld , J . P le r r e p o n t M organ , C h arles L a n ier,
C h a u n ce y M . D e p e w , H e n ry M . F la g le r, J o h n J a c o b A s to r , O liv e r A m e s ,
C. S id n e y S h e p a rd , J a c o b H . S c h llf, Ja m e s S tillm an , W m . L . B u ll, H ow a rd
G o u ld , J o h n J. M itch e ll, H e n ry A . B is h o p , H arris C. F a h n e s to ck , T h o s.
H . H u b b a r d , P aul M o rto n , R o b t . M . G a lla w a y , K in g d o n G o u ld , E . T .
J e ffe ry , A lv in W . K re c h .
O ffic e , 195 B ’w a y , N . Y . — (V . 8 7 , p . 1538; V .
8 8 , p . 690 , 1503; V . 8 9 , p . 533, 668 , 730 , 850 , 991.)
W E S T IN G H O U S E A IR B R A K E .— O R G A N I Z A T I O N , E T C .— A P en n ­
s y lv a n ia c o r p o r a tio n .
V . 67, p . 8 4 3 , 1065; V . 77, p . 1307. In O ct. 1909
th e W e stin g h o u sc S to ra g e B a tte r y C o. w as In co rp o ra te d w ith $ 1 ,7 5 0 ,0 0 *
s to c k as an a m a lg a m a tio n o f th e s to ra g e b a tte r y d e p a rtm e n t o f th e W estin gh ou se M achine C o .
and
G eneral
S to ra g e
B a tte ry
C o.
S to c k ,
fo rm e rly $ 5 ,0 0 0 ,0 0 0 , w as Increased t o $1 1 ,0 0 0 ,0 0 0 In J u ly 1898, $ 5 ,0 0 0 ,0 * *
bein g d istrib u te d as a 1 00 % s to c k d iv id e n d . T h e s to ck h o ld e rs v o t e d Dec.
4 1907 to increase the s to c k to $ 1 4 ,0 0 0 ,0 0 0 , a 2 5 % s to c k d iv id e n d being
paid Ja n . 1908.
V . 8 5 , p . 720 , 867 , 1522

D I V S .—
\ '9 9 . '0 0 . ’ 0 1 -’ 0 3 . ’ 04. '0 5 . '0 6 . '0 7 . 1908.
1909.
P e r c e n t _________ \ 25 30
24
21 20 22 K 20 B elow 2 K -2 K -2 K -4
In . Jan . 1908 a 5 % ca sh d iv id e n d a n d a 2 5 % s to c k d iv id e n d w ere p a id ; In
A p ril to J u ly 1909, in c l., 2 K % cash qu a r. V . 8 5 , p . 720 , 867 .
In O c t .
1909, 4 % (In cl. 1 K % e x t r a ).
A s to litig a tio n w ith N . Y . A ir B rak e C o ., see V . 8 0 , p . 246 4.
R e p o r t fo r
y e a r e n d . J u ly 31 1909 w as in V . 8 9 , p . 776 , sh ow in g: G ross, $ 5 ,2 8 6 ,0 2 1 ;
net p ro llts , $ 1 ,9 2 0 ,5 5 7 ; d iv s . ( 1 0 % ) , $ 1 ,3 7 4 ,4 8 1 ; b a l., s u r ., $ 54 6,07 6.
N . Y . o f fi c e , 111 B ’ w a y , N . Y . — (V . 89, p. 724 , 777, 925.)
V V E S T IN G H O U S E E L E C T R IC & /M A N U F A C T U R IN G C O — O R G A N I ­
Z A T I O N .— A P en n sylva n ia c o r p o r a tio n m a n u fa ctu rin g a p p lia n ce s used fo r
e lectric lig h tin g an d p o w e r p u rp oses. V . 54, p . 763 .
O w ns e x c lu s iv e
rig h ts to T esla p aten ts on a lte rn a tin g cu rren ts. V . 61, p . 2 5 , 153.
In 1896
m a d e ag reem en ts w ith G en. E le c . C o ., V . 62, p . 502, 635 , 1040; V . 68, p.
1024; V . 8 0 , p . 1487; V . 8 3 , p. 704; V . 8 5 , p . 155, 1644.
I n S e p t. 1898 p u r­
ch a sed s u b s ta n tia lly en tire c a p ita l s to c k a n d a ll b u t $85 0 ,0 0 0 o f th e $ 2 ,5 0 0 ,­
000 2 0 -y e a r b o n d s o f W a lk e r C o .
V . 68, p . 87.
O n D e c. 5 1908 the receivers a p p o in te d O ct. 23 1907 w ere disch a rg e d ,
th e finances h a v in g been re a d ju s te d p e r m o d ifie d pla n (V . 8 6 , p . 922; V . 87,
p . 101, 8 7 5 ), $6 ,4 3 1 ,9 5 0 a sse n tin g s to c k a n d $3 ,6 3 5 ,0 0 0 c o n v e r tib le b o n d s
b e in g issued t o cre d ito rs In p a y m e n t o f Indebtedness a n d $ 6 ,3 1 2 ,0 0 0 o f new
assen tin g s t o c k su b s crib ed a t p a r .
V . 8 7 , p . 1531, 1538.
S E C U R I T I E S .— T h e first p re f. s to c k carries c u m . d iv s . o f 7 % p er a n n u m ,
w ith the rig h t t o p a r ticip a te e q u a lly w ith o th e r s to c k a ft e r th e sam e shall
h a ve re ce iv e d 7 % , a n d p refe re n tia l as t o p rin cip a l. See p re f. certificates In
ed itoria l M ay 1893 issue.
N on -a ssen tin g s to c k o u ts ta n d in g , $600.
T h e s to c k h o ld e r s on N o v . 24 1908 a u th o riz e d an Increase In the a ssen tin g
s to c k fro m $ 4 6 ,0 0 0 ,0 0 0 o t $ 5 6 ,0 0 0 ,0 0 0 , In o rd e r t o ca rry o u t th e m od ifie d
r e a d ju s tm e n t pla n . V . 8 7 , p . 1531, 1538; V . 8 8 , p . 162.
e * A s t o th e d e b e n . c t fs . o f 1898, see V . 67, p . 324 , 691, 1112; sin kin g fu n d
$ 15 0,00 0 y e a r ly fro m 1900; c e rtfs. to b e d ra w n a t 105.
T h e c o n v e r t . 5s o f 1906 are c o n v e r tib le Into assen tin g s to c k a t 200 a fte r
190 9, a n d s u b je c t to call a fte r 1911 a t 105. A n n u al s in k , fu n d , $500,000;
see a b o v e .
V . 8 2 , p . 222, 396 . 755, 809; V . 87, p. 1538.
T h e $ 6 ,0 0 0 ,0 0 0 3 -y r . 6 % c o ll, trust n o te s are s u b je c t t o call o n a n y ln t.
d a y a t p a r an d ln t. a t 2 % p e r a n n . f o r th e u n e x p ire d p o r tio n o f th e term o f
the n otes. See V . 8 5 , p . 4 4 , 104, 155, 289, 1458; V . 8 6 , p . 233.
T h e c o lla t. trust 1 0 -yea r 5 % notes o f 1907 (o f w h ich $2 ,7 2 0 ,0 0 0 o u t ­
sta n d in g; d e n o m . $ 1,000 o r £205.153 each ) are s u b je c t t o re d e m p tio n at
105 o n a n y ln t. d a y sin ce O c t . 1 1908 to O c t . 1 1912, I n c l., o r 102 K a ft e r
th a t d a te . T h e y are s ecu red b y $2 ,0 2 7 ,0 2 7 5 % 2 5 -y e a r R u ssia n W e stin g h ouse E le c tr ic d eb en tu res , $1 ,4 4 7 ,8 7 6 5 % 3 0 -y e a r F re n ch W estln g h o u se
d eb en tu res a n d $ 3 2 2,00 0 C a n adian W e stln g h o u se s t o c k .
V . 8 5 , p . 227,
1458, an d pla n In V . 8 6 , p . 233.
T h ere a r e also 4, 5 an d 6 -y e a r 5 % n o te s , d u e Jan . 191 3, 1914 an d 1915,
a m o u n tin g to $1 ,2 8 6 ,4 0 0 a n d $1 0 3 ,7 5 0 , d u e J a n , 1924,
D I V I D E N D S — '9 2 t o ‘ 9 9 , '0 0 , '0 1 , '0 2 , ’ 03, '04 to O c t . '0 7 . '0 8 . '0 9 .
P r e f e r r e d -----------% 7 y e a r ly
7
7
7 10 % 10 y e a r ly (Q -J)
0 B elow
A ssen tin g _____ %
0
5M 6 H
7
9 M 10 y e a r ly (Q -J)
0
0
O n p r e f., 1 5 4 % a n d 3 K % o n a c c o u n t o f a c c u m u la te d d iv s ., p aid O ct. 10
1909, le a v in g 8 54% d u e .
V . 89, p . 850.
A c c u m u la te d d iv id e n d s o n p r e f. to O c t . 10 1909, 8 5 4 % .
A N N U A L R E P O R T .— Fiscal y e a r en ds M arch 3 1 .
R e p o r t fo r y e a r en d.
M arch 31 1909 w as in V . 8 9 , p . 220, sh o w in g : G ross e a r n s ., $20 ,6 0 6 ,5 9 2 ;
n e t, $ 65 0,78 4; o th e r In c., $ 1 ,3 1 5 ,4 7 5 ; ln t ., ta x e s , d e p r e c ’ n , & c ., $2,8 8 4 ,9 4 2 ;
b a l., d e f ., $ 9 1 8 ,6 8 3 .
B a l. sh e e t S e p t. 30 1908, b e fo r e a n d a fte r r e a d ju s t­
m en t, V . 8 7 , p . 1531.
D ir e c to rs .— Class ex p ir in g In J u ly 1913— R ich a rd D e la fie ld , E . C. C o n ­
verse, A n th o n y N . B r a d y a n d J . D . C allery; class e x p ir in g J u ly 1910—
A . G . B e c k e r , G eorge M . V e r ity , W illia m M cC o n w a y an d Charles A . M oore;
class ex p ir in g J u ly 1911— Charles F. B ro o k e r, Jam es S . K u h n , E d w a rd F .
A tk in s a n d E . M . H err; class e x p ir in g J u ly 1912— G e o rge W e stln g h o u se ,
R o b e r t M ath er, J osep h W . M arsh an d A lb e r t H . W lg g in .
O F F I C E R S .— P r e s ., G eo rge W estln g h o u se : C h airm an o f th e B o a rd ,
R o b e r t M ather; V .- P s ., E . M . H err, L . A . O sb o rn e a n d C harles A . T e rry;
T r e a s ., T . W . S lem on ; S e c ., W . A . E sselstyn . N . Y . o ffic e , 165 B ’ w a y .
M ain o ffic e an d w ork s, E . P itts b u r g h , P a .— (V . 8 9 , p . 2 2 0 , 415 , 850 , 1015.)
W E S T !N G H O U S E M A C H IN E C O .— O R G A N I Z A T I O N , & c.— I n c o r p o ­
ra ted In P e n n , in 1881; m an u factu res ste a m en gin es, s te a m tu rbin es, gas
engines a n d R o n e y m ech a n ica l s to k e rs, u n d er VVestlnghouse p a te n ts.
In
1906 p u rch a sed (V . 8 3 , p . 1417) th e N ern st L a m p C o ., w h ich had o u ts ta n d ­
ing $ 1 ,4 0 0 ,0 0 0 5 % s. f. b o n d s. V . 85. p . 1085; V . 8 9 , p. 596.
U n d er th e reorga n iza tion plan (V . 86, p . 1 1 3 ), there w ere Issued $ 7 ,2 0 0 ,­
000 3 -y e a r 6 % n otes re d e e m a b le a t p ar (d e n o m in a tio n s $500 an d m u ltip le s ).
T h e y are secu red b y d e p o s it o f a b o u t $ 8 ,4 7 0 ,0 0 0 sin k , fu n d 5s o f 1932.
No
d iv id e n d s are to b e p a id o n th e s to c k u n til p ro v is io n has b e e n m ade fo r
p a y m e n t o f all n otes o u ts ta n d in g . T h e d e p o s ite d b o n d s m a y b e so ld to
retire th e n otes e n tire ly o r p ro rata.
O f th e $ 1 ,5 0 0 ,0 0 0 5 % g o ld d e b e n tu re s, $17 5,00 0 rese rv e d to retire 6 % s
d u e 1910-14. V . 6 9 , p . 854 , 8 0 2 , 1252.
R e p o r t fo r y e a r en d in g M arch 31 1907 In V . 85, p . 217, sh ow ed net
earnings a v a ila b le fo r Interest, & c ., o f $ 1 ,2 1 2 ,7 3 3 .
B a la n ce sh eet o f O ct.
23 1907 w as In V . 86, p . 106. P r e s ., G e o rge W estln g h o u se ; V . - P . , E . E.
K eller; T r e a s ., T . L . B row n ; S e c ., T . S . G ru b b s. O ffic e an d w o rk s. East
P itts b u r g h , P a .
D ir e c to rs , V . 8 8 , p . 569; V . 89, p . 1015.— (V . 89, p . 1015.)
W I L K E S -B A R R E G A S & E L E C T R IC C O .— S to c k , $ 1 ,5 0 0 ,0 0 0 ; p a r o f
shares $10 0.
First c o n s o l. 5s ($ 3 ,0 0 0 ,0 0 0 a u th . issue) a re s u b je c t to call a t
110 an d ln t. o n 3 m o n th s ' n o tice ; in J u ly 1909 $1 ,8 8 2 ,0 0 0 w ere o u ts ta n d in g
an d a d d itio n a l .b o n d s are t o b e Issued to retire the $ 60 3,50 0 u n d erlyin g
b on d s (all c a lled fo r p a y m e n t N o v . 22 1909. S ee V . 8 0 , p . 226.
F ra n ­
chises are p erp etu al an d e x c lu s iv e .
Earnings fo r 6 m o s . e n d in g Ju n e 30
1909, gross, $ 2 1 9 ,5 6 6 , again st $187,677 in 1908; n e t, $1 2 3 ,1 0 6 , against
$92,167; b o n d ln t ., $60 ,922 ; b a l., s u r ., $62 ,184 . V . 89, p . 605.
D lv ., 1 %
o n s t o c k , p a id M ch . 7 1907; S e p t. 7, 2 % ; A p ril 1908 to O c t. 1909, in c l., 4 %
(Q .-J .).
F o r c a l. y e a r 1908, gross, $39 6,34 9; n e t, $18 9,51 6; ch arges,
$118,678; b a l.,s u r ., $70 ,838 .
P r e s ., R o b t . L . F orrest; S e c ., J . H . P erk in s. D ire cto rs D e c . 1906, V . 8 3 ,
p. 1417.
O ffice , W ilk es-B a rre , P a .— (V . 89, p . 230, 605.)

INDUSTRIAL COMPANIES.
S U P P L E M E N T A R Y — See also Tables 145 to 169.
A L B E M A R L E & C H E S . C A N A L . — C h esapeake B a y to A lb e m a rle S o u n d ,

14 m iles.
S to c k , $55 8,00 0 ($100 sh ares).
R e o r g . p la n . V . 87, p . 168.
O u tsta n d in g b o n d s , $50 0 ,0 0 0 1st m tg e . 4s, fo rm e rly 7s, d u e J u ly 1909.
N o n -c u m . in c o m e 3 % d eb e n tu re s (Central T ru st C o ., N . Y . , tru s te e ),
$ 11 5,00 0 d u e J u ly 1 1909, Issued p e r plan V . 7 7 , p . 351 , fo r the fu n d e d
p o r tio n o f ln t. o n 1st m tg e . b o n d s to d a te o f m a tu r ity , a n d J u ly 1902 c o u ­
p on c a n c e le d .
V . 7 7 , p . 351 . T h e Jan . an d J u ly 1909 c o u p o n s o n the 1st
m tg e . b o n d s b ein g In d e fa u lt, a b o n d h o ld e rs ’ c o m m itte e w as fo rm e d , c o n ­
sistin g o f Jam es M . E d w a rd s o f R . T . W ils o n & C o ., ba n k e rs, Chairm an;
H en ry T . C u tter an d R o b ’ t L . H a rrison , w ith a v ie w to fo re clo s u re an d re­
o rg a n iz a tio n .
V . 8 9 , p . 44. See r e p o rt V . 74, p . 92; V . 72, p. 1035.
In
190 8-0 9. g ro s s , $31 ,571 ; n e t o v e r o p e r a tio n a n d m a in te n a n ce , $15 ,997 .
P r e s ., R . S t. P. L o w r y . O ffic e , N o rfo lk , V a .— V . 85, p . 1647; V .8 9 , p . 44.
B U T T E E L E C T R IC & P O W E R C O .— O R G A N I Z A T I O N .— I n co rp o ra te d
In N . J. In 1901 as a con s o lid a tio n o f th e ligh t an d p o w e r co m p a n ie s in B u tte ,
M o n t., a n d v ic in it y . S ee fu ll sta te m e n t J u ly 1908, V . 8 7 , p . 41; V . 86, p.
I l l ; V . 8 7 , p. 547; V . 8 2 , p . 394, 572, 1441; V . 8 8 , p . 1623.
D I V I D E N D S .— O n p r e f., \ 'A % q u a rte rly p aid N o v . 1901 to N o v . 1909.
O n c o m m o n , 1 H % p aid s e m l-a n . M arch 15 1903 to S e p t. 15 1905; D e c.
15 1905, 1 % ; in 1906 to S e p t ., 1 % q u a r.; D e c. 1906 to S e p t. 1907, 1 K %
qu a r.; In J u ly 1908, l ' A % ; O c t ., 1 M % : 1909, 6 % ( Q .-J .) .
B O N D S .— A d d itio n a l 1st 5s o f 1901 m a y be Issued fo r 7 5 % o f co s t o f e x ­
tensions an d Im p rov em en ts. O f th e b o n d s $25 ,000 m a tu re y e a r ly to 1930,
in c l., $ 3 2 0,00 0 In 1931, a n d b a la n c e . In clu din g fu rth e r a m o u n ts Issuable,
w ill m atu re In 1951.
V . 8 0 , p . 713; V . 73, p. 139; V . 8 2 , p. 1441; V . 88,
p . 1623.
M adison R iv e r gu ar, b o n d s are reserved fo r 8 0 % o f a ctu al co s t
o f e x ten s ion s an d im p ro v e m e n ts . V . 81, p . 615, 1045; V . 84, p . 511; V . 87,
p . 1482.
M on tan a P o w . T ra n sm ission 5s, V . 8 1 , p . 615; V . 69, p . 1251.
T h e jo in t m tg e . 6s o f 1908 ($ 5 ,0 0 0 ,0 0 0 a u th . Issue) are se cu re d b y a first
lien o n th e p r o p e r ty o f th e B illings & E astern M on ta n a P o w e r C o. an d a
refu n d in g an d e x ten sion m tg e . o n all p resen t an d fu tu re a cq u ire d p r o p e rty
o f th e B u tte E le c tr ic & P o w e r C o . an d M adison R iv e r P o w e r C o. T h e y are
re d e e m a b le w h o lly o r In part a t th e o p t io n o f th e c o s . a t 1 0 5 % an d ln t. o n
a n y ln t. d a te o n a n d a fte r Ju n e 1 1913, unless p r e v io u s ly c o n v e r te d , and
c o n v e r t ib le a t p a r Into th e c o m . s to c k o f th e B u tte E le c. & P o w . C o . a t par
a t th e o p t io n o f the h old er a t a n y tim e a fte r D e c . 1 1910. In case o f c o n v e r ­
sion the b o n d s w ill b e red ee m e d a t 105 an d a ccru e d Interest. V . 87, p. 41.
R E P O R T .— F o r y e a r en d in g D e c. 31 1908, gross, $ 1 ,2 6 9 ,5 9 7 , against
$ 1 ,0 4 6 ,4 6 0 In 1907; net $6 9 9 ,9 6 6 , against $599,804; ln t ., $309,266; p re f.
d lv . ( 5 % ) , $50 ,000 ; b a la n c e , su rplu s, $ 34 0,70 0. V . 87, p. 41.
P re s ., C. W . W e tm o re ; S e c . a n d T r e a s ., P . E . BIsland.
N . Y . o ffic e , 30
B roa d S t .— (V . 8 7 , p. 41, 547; V . 8 8 , p. 1502, 1623; V . 89, p . 165.)




E L E C T R IC B O A T C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d in N ew Jer­
se y o n F e b . 25 1899 an d a c q u ir e d all o f th e ca p ita l s to c k o f th e E le c tr ic
L a u n ch C o ., th e H o lla n d T o r p e d o B o a t C o . an d th e E le c tr o -D y n a m ic C o ..
& c. V . 69, p . 697.
Is s u e d , c o m ., $4,9 9 9 ,6 0 0 ; p r e f., 8 % n o n -c u m ., $ 2 ,­
6 1 7 ,5 0 0 .
P a r, $10 0. V . 6 9 , p . 697.
D iv . o n c o m ., 2 % , p aid D e c . 31
1906 t o 1908. D lv . o n p r e f ., 2 % ( Q .-J .) , p aid O ct. 1903 to O ct. 1909 Incl.
P r e s ., I. L . R ic e : S e c ., M au rice B a rn e tt, 11 P ine S t.— (V . 8 5 , p . 1579.)
M A D ISO N S Q U A R E G A R D E N .— O w ns In fe e a b lo c k o f lan d in N . Y .
C ity a n d b u ild in g th e re o n . S to c k , $ 2 ,0 0 0 ,0 0 0 (p a r, $ 1 0 0 ). V . 8 7 , p. 1302.
B O N D S .— $ 1 ,2 5 0 ,0 0 0 first 2 0 -y e a r go ld 5s, d u e N o v . 1 1919, an d $75 0,00 0
2d g o ld 6s; last c o u p o n p a id o n la tte r be in g th a t o f M ay 1906. M erca ntile
T r u s t C o . o f N . Y . , tru ste e . S e co n d m tg e . b o n d h o ld e rs ’ co m m itte e : F . K .
S tu rgis a n d ----------------------- ; d e p o s ita r y , J . P . M organ & C o . V . 65, p . 620.
D I R E C T O R S (O c t. 1 9 0 6 ).— F . K . S tu rgis, J . P ie r p o n t M orga n , D . O.
M 11s, Charles L a n ie r, W . F . W h a r to n , Jam es T . W o o d w a r d , A d ria n Isclin
J r ., Ja m es C. Y o u n g , P e te r C o o p e r H e w itt a n d H . K . K n a p p .— (V . 67, p .
690; V . 68 , p . 85; V . 7 1 , p . 137; V . 8 7 , p . 1302.)
N E W Y O R K & Q U E E N S E L E C T R IC L IG H T & P O W E R C O — Su p plies
b o r o u g h o f Q ueens o u ts id e o f R o c k a w a y . S ee V . 7 2 , p . 1039. N . Y . &
Q u een s G as C o. Is c o n tr o lle d b y sam e Interests. V . 79, p . 2089, 2151.
S T O C K .— S t o c k , c o m . a n d p r e f. 5 % n o n -c u m ., $ 1 ,2 5 0 ,0 0 0 e a c h , all
Issued. P a r o f shares, $ 10 0. D iv . o n p r e f ., 2 K % . p a id D e c . 1 1904; 1907
to 1909, 5 % (F . & A . ) .
F ra n k T ilfo r d , P re s .; H e n r y R . W ils o n , 1st V .- P .; H . L . S n y d e r , S e c . a n d
T re a s. O ffic e , 246 J a ck s o n A v e ., L o n g Isla n d C ity , N . Y . — (V . 8 9 , p . 48.)
N E W Y O R K & R IC H M O N D G A S CO .— O R G A N I Z A T I O N , & c .—
I n c o r p . In N ew Y o r k In 190 1. V . 8 1 , p . 667. S to c k a u t h ., $ 1 ,5 0 0 ,0 0 0 ;
o u ts ta n d in g , $ 1 ,2 2 5 ,0 0 0 ; p a r , $100. D iv id e n d , 1 % , p a id A u g . 7 1008;
1909, F e b . 5, 1 % .
B o n d s, see table o n a p re ce d in g p a ge.
F o r 6 m o s. e n d in g Jun e 30 1909, gross, $12 9,20 9; n e t, $ 5 1 ,9 6 1 ; b o n d ln t .,
$36 ,948 ; b a l., s u r., $15 ,0 1 3 . C al. y e a r 1908, gross, $ 26 4,85 2; n e t, $11 7,14 0;
b o n d ln t., $67 ,688 ; b a l., s u r ., $ 4 9 ,4 5 2 . P re s ., T h o s . O . H o rto n ; T r e a s .,
H erb ert M . H olm es; S e c ., E d w a rd B . F iellu s.— (V . 8 7 , p . 742; V . 88 , p . 568;
V . 8 9 , p . 596.)
N E W Y O R K T R A N S P O R T A T IO N C O .— O R G A N I Z A T I O N .— I n c o r ­
p o ra te d In N ew Jersey o n F e b . 21 1899. S to c k a u th o r iz e d , $ 5 ,0 0 0 ,0 0 0 ; p a r ,
$20, as re d u ce d In Jan . 1902; o u ts ta n d in g , $ 4 ,7 0 0 ,0 0 0 .
V . 74, p . 99, 215 .
O w ns en tire c a p ita l s to ck s o f F ifth A v e . C o a ch , M e tro p o lita n (leased In
1904 t o A m erican E xpress C o . fo r 16 years) an d P a rk C arriage co m p a n ie s .
P res., R ic h a r d W . M eade; S e c. a n d T r e a s ., W m . H . P a lm e r J r.
O ffic e ,
851 E igh th A v e ., N ew Y o r k .— (V . 88 , p . 56, 104.)
N IA G A R A F A L L S P O W E R C O M P A N Y (TH E ) — O R G A N I Z A T I O N .—
In c o r p o r a te d 1886 a n d has a u t h o r it y b y sp e cia l A cts o f N ew Y o r k S ta te to
use th e w aters o f N iagara R iv e r an d also t o tra sn m lt a n y p o w e r , h eat o r ligh t
d e v e lo p e d fro m such w a te r t o p ra c tic a lly a n y p o in t In N ew Y o r k S ta te .
It
has 1,071 acres o f la n d d e v o t e d t o sites fo r m a n u fa ctu re rs using Its p o w e r .
T u n n el first o p e n e d J a n . 1 1 89 4. C on trols N iag ara J u n ctio n R y . , w h ich see;
A c t o f Con gress Jun e 1906, V . 8 3 , p . 159; also C a t. P o w e r & C o n d u it C o .,
V . 8 7 , p . 222, 1360; V . 88 , p . 627; V . 8 9 , p . 849; a n d T o n a w a n d a P o w e r C o .,
V . 8 8 , p . 629.
S T O C K .— A u th o riz e d , $ 1 0 ,5 0 0 ,0 0 0 ; Issued, $ 4 ,1 9 8 ,0 0 0 ; p a r, $100.
B O N D S .— T h e 1st m tg e . o f 1891, $ 1 0 ,0 0 0 ,0 0 0 , co v e r s 1,071 a cre s in c it y
o f N iag ara Falls, tunnels, fra n ch ise s, & c.; also m a jo r it y o f s to c k o f the C ata­
ra ct P o w e r & C o n d u it C o ., B u ffa lo , a n d the T o n a w a n d a P o w e r C o ., N orth
T o n a w a n d a , N . Y . T h e s t o c k h o ld c is o n June 1 1909 au th o riz e d a m tg e . t o
secure $25 ,0 0 0 ,0 0 0 6 % b o n d s , o f w h ich $9 ,0 9 6 ,0 0 0 t o be used t o refu n d the
o u ts ta n d in g de b e n tu re s a n d a b o u t $4 ,0 0 0 ,0 0 0 fo r new co n s tr u c tio n on the
C anadian side; re m ain d er reserved fo r fu tu re pu rp o se s. M o st, If n o t all
o f th e d eben tu res are e x p e c t e d t o be e x ch a n g e d fo r the new b o n d s . V . 8 8 ,
p . 1316.
R E P O R T .— F o r y e a r e n d in g D e c . 31 1908, In V . 8 8 . p . 880 , s h o w e d ;
G ross, $ 1 ,6 8 1 ,9 4 1 ; n e t, $ 1 ,2 5 9 ,3 2 4 ; o th e r In co m e , $88 ,7 0 5 ; ch a rge s, ta x e s ,
& c., $1,1 9 0 ,7 3 7 ; b a la n ce , su rp lu s, $15 7,29 1.
P re s ., D . O . M ills; S e c ., F r e d ’ k L . L o v e la c e ; T re a s. a n d A sst. S e c ., W .
P a x to n L ittle .
N ew Y o r k o ffic e , 15 B ro a d S t .— (V . 8 8 , p . 131 6, 1441.)
V U L C A N D E T IN N IN G C O .— O R G A N I Z A T I O N .— I n c o r p o r a te d In N ew
J ersey on A pril 25 1902 as a c o n s o lid a tio n ; V . 7 4 , p . 942.
H as p lan t at
S tre a to r, 111., a n d S ew aren , N . J .; m a n u fa ctu re s “ M erch an table p ig t in ”
an d steel scrap (used b y steel m ills) fro m tin p late w a s te . V . 8 3 , p . 4 2 ,
1234.
F a v o ra b le de cisio n Jun e 1909, V . 8 8 , p . 1626.
S T O C K .— C o m m o n s t o c k , $2,0 0 0 ,0 0 0 : p referred s t o c k , $ 1 ,5 0 0 ,0 0 0 , 7 %
cu m u la tiv e , all o u ts ta n d in g .
P ar o f shares, $100.
N o b on d s.
D I V I D E N D S .—
'0 3 . '0 4 . '0 5 . '0 6 . '0 7 . 1908.
1009.
P referred ( % ) _____________________ 6<4 0
5 7A
5 O c t , I K 5 (Q -J)
C om m o n ( % ) -------------------------------3
0 -0
0
0
-------------A ccu m u la te d preferred d iv id e n d s O c t . 1909, 1 9 % .
R E P O R T fo r y e a r e n d in g M arch 31 1909, In V . 8 8 , p . 137 1, sh o w e d
surplus o f $126,369 o v e r $56 ,250 (3 M % ) d iv s . o n p r e f. s t o c k .
O F F I C E R S .—-Pres., Sam uel R . B ea rd sley; V .- P . a n d T r e a s ., A d o lp h
K ern ; S e c .. C has. P . H ull.
O ffic e . 114 L ib e r ty S t ., N . Y . — (V . 89, p . 605 .)

RAILROAD COMPANIES.
SUPPLEMENTARY— See also Tables 9 to 144.
ALBANY & NORTHERN R Y .— A lb a n y , G a ., t o C o rd e le , 37 m iles.

A re­
orga n iza tio n In 1895. S t o c k , $35 0,00 0; jja r o f shares, $100.
O f the b o n d s ,
$50 ,000 h a ve a p rior lien . Sec o ffic ia l s ta te m e n t, V . 76, p . 749 . Car tru sts
6 s, $ 2 1 ,0 0 0 , due $ 3 ,000 y e a r ly to N o v . 1 1916 In clu sive. Y e a r e n d in g
Ju n e 30 1909, g r o , $79 ,699 ; net In com e, $12 ,761 ; ln t. o n b o n d s, $21 ,458 ;
ta x e s an d re n ta ls, $4,532; b a l., d e f., $ t3 ,2 2 9 . V .- P . an d G en. M g r., J . S.
C rew s: S e c ., Iredell W . Ig le h a rt. O ffice , A lb a n y , G a .— (V . 8 3 , p . 1522.)
ARGENTINE CENTRAL R Y — (3 - f t - o a u o e . ) — O w ns S ilver P lu m e , C o l.,
t o su m m it o f M t. M cC lellan, 16 m iles, a t an e le v a tio n o f 14,007 f t. S to c k ,
$50 0,00 0; p a r o f shares, $10 0. T h e G ra y ’ s Peak S ce n ic D e v e lo p m e n t C o .,
w ith $30 0,00 0 s to ck In $1 shares, o n Jun e 17 1909 a cq u ire d $ 30 0,00 0 o f th e
s to c k and w ill e x te n d ro a d t o G ra y ’s P e a k , 2 K m iles, a t a n e le v a tio n o f
14,441 ft.
V . 8 8 , p . 1497; V . 89, p . 4 0 .
B o n d s , 6 %, ($ 2 0 0 ,0 0 0 , all o u t ­
s ta n d in g ); Central S a v s. B a n k , D e n v e r, tru s te e ), are d u e Jan . 1 1926, b u t
s u b je c t to call In 1912 at 106 and ln t.
V . 83, p. 1170; V . 8 8 , p . 1312. P r e s ,,
D . W . B ro w n ; T r e a s ., W . W . B o o t h .
O ffic e ,D e n v e r .— (V . 8 9 , p . 40.)
ARKANSAS MIDLAND RR.— O w ns fro m H e le n a . A r k ., to C laren d on ,
47 m iles. C apital s t o c k , $ 1 ,5 0 0 ,0 0 0 , w as in 1901 a c q u ir e d b y M o. P a c .
(S t. L ou is Iro n M ou n tain & S o . R y .) .
V . 7 4 , P. 206, 574.
B o n d s , $ 1 7 6 ,.
000 first gold 6s, d u e J u ly 1 1911, s u b je c t to call a t 110; ln t. J . & J .
\ ea r
e n d in g Jun e 30 1909, gross, $136,194: n e t, $ 2,946.
In 1907-08, gross,
$119,181; n e t, $24,233; to ta l d e d u ctio n s , $25 ,669 ; b a l., d e f., $1 ,4 3 6 .
P re s ., G eorge J . G o u ld .— (V . 7 2 , p . 935.)
BURR’ S FERRY BROWNDEL & CHESTER R Y .— O w ns fro m R o c k la n d
to T u rp e n tin e , T e x ., 11 m iles, o p e n e d a b o u t M arch 1907; ex te n sio n un d er
co n s tr u c tio n fro m T u rp e n tin e to B ro w n d e l, 19 m iles. T h e line as p ro je cte d
will run fro m C h ester, In T y le r C o ., T e x ., east to B u rr’s F e rry, a b o u t 80 m .,
an d Into tim b e r fo re sts In th e d ire ctio n o f A le x a n d r ia , L a. S to c k a u th o r ­
iz e d , $ 1 ,000 p e r m ile; o u ts ta n d in g , $11 ,000 .
B o n d s (C o m m o n w e a lth T ru st
C o. o f S t. L o u is , trustee) a rc lim ited to $30 ,000 p e r m ile. T h e T e x a s R R .
C om m ission o n N o v . 18 1907 a p p ro v e d th e Issue o f $165,000 bo n d s o n 11
m iles In o p e r a tio n .
V . 8 5 , p . 1401, 1648.
Y e a r e n din g Jun e 30 1909, 11
m iles, gross, $41 ,621 ; net (Incl'. $2,043 " o t h e r ” I n c o m e ), $21 ,0 3 8 . P r e s .,
Joh n II. K ir b y , H o u s to n , T e x .— (V . 8 5 , p. 1401, 1648.)
CALGARY & EDMONTON RY. — O w ns C a lga ry, C a n ada, to E d m o n to n ,
C a nada, 191 m iles, an d to F o rt M c L e o d , C a n ada, 104 m iles.
In F e b . 1903 a new lea se to the C anadian P a cific (w h ich ow n s en tire $ 1 ,­
000 ,000 sto ck ) fo r 99 yea rs w as ratified , u n d er w h ich the 6 % bo n d s ( £ 1 ,1 2 1 ,­
700) w ere e x ch a n g e d fo r an equal a m o u n t o f d e b e n tu re s t o c k , o n w h ich In­
terest Is g u a ra n te e d a t 4 % .
A t the term in a tion o f the lease the principa l o f
th e b o n d s will b e paid at p a r o r a fu rth e r lease e n tered Into. V . 76, p . 434;
V . 77, p . 1224. See V . 8 0 , p. 116.
CANE BELT RR.— S e a ly to M atagorda, 93 m iles. B ran ch to G a r w o o d ,
9 m iles. T h e L in co ln T ru st C o. o f S t. L ou is Is the m o rtg a g e tru stee. B on us
are lim ite d to o u tsta n d in g a m o u n t, $75 0,00 0. V . 87. p. 36. S to c k , $ 1 0 0 ,0 0 0 ,
all a c q u ir e d In N o v . 1903 b y A tc h is o n T o p e k a & S an ta F c , w h ich leases the
road fo r 50 y ears fro m J u ly 1905. V . 77, p. 2097.
Y e a r en d in g Jun e 30
1905, gross, $223,810; n e t, $ 4 7 ,6 1 1 .— (V . 8 7 , p. 36.)
CAROLINA & NORTHWESTERN RY.— O w ns sta n d a rd -g a u g e r o a d .
C h ester, S. C ., to L e n o ir, N . C ., 110 m . C on trols Caldw ell & N orth ern L e n oir
to E d g c m o n t, N . C ., 25 m . R e o r g . In 1897 o t C h ester & L e n o ir, fo re c lo s e d .
In A lch. 1900 n e a rly all s to c k w as a cq u ire d b y a s y n d ic a te . S to ck a u th or­
iz e d , $1 ,0 0 0 ,0 0 0 ea ch o f c o m . an d 4'% n o n -c u m . p r e f.; o u ts ta n d in g , J u ly
1908, $85 4,25 0 c o m . an d $ 55 0,00 0 p re f. s t o c k .
O f th e 5 0 -yea r 1st g o ld 5s
d u e J u ly 1 1953 (S ta n d a rd T ru st C o. o f N ew Y o r k , t r u s t e e ), $ 1 ,500,000 w ere
used to retire all u n d e rly in g b o n d s an d $ 1 , 000,000 are a p p lic a b le to e x t e n ,
slon s, new e q u ip m e n t, & c.
Y e a r 1908-09 (110 m .) , gross, $31 4,02 1; n et-

RAILROAD STOCKS AND BONDS.
Incom e (in cl. $143 “ o t h e r ” ) , $11 0,51 9: in t., ta x e s, & c., $99,428; b a l., d e f.
$ 11 ,091 . P r e s ., VVm. A . B a rb e r, 165 B r o a d w a y , N . Y .— (V . 77, p . 348.)
CARTHAGE & ADIRONDACK RY. — (S ee M a p s N . Y . Central) .— O w ns
from C a rthage to N ew to n F a lls, N . Y . , 46 m . T he en tire s to c k , $50 0 ,0 0 0 ,
Is ow n ed b y the N . Y . Cen tral R R ., w h ich In M ay 1893 leased th e p r o p e r ty
In p e rp e tu ity and g u a ra n te e d Its $1,6 0 0 ,0 0 0 b o n d s, o f w h ich $50 0,00 0 w ere
fo r ex ten sion s, & c.— (V . 57, p . 218.)
CARTHAGE WATERTOWN & SACKETT’S HARBOR RR. — (See M a p s
N . Y . C en tra l.)— O w ns fro m C a rthage to S a c k e tt’s H a rb o r, N . Y . , 29 m iles.
C on trolled b y N . Y . C en tral, w h ich o w n s $48 1,100 o f th e s to c k an d g u a ra n ­
tees the b on d s.
L eased to It. W . & O . fo r 37 A % o f gross earn in gs. R en ta l
In cal. y e a r 1906, $42 ,7 3 4 . C apital s t o c k , $465,000 c o m . an d $21 ,500 p re f.
CATASAUOUA & FOGELSVILLE R R — C ata sau qu a, P a ., to R lttc n liousc G a p , P a ., 29.5 m . S t o c k , $42 6,90 0 (p ar $25): $25 4,12 5 Is o w n e d b y
R e a d in g C o.
D Ivs. paid in 1903-04, 7 % ; In 1904-05, 8 % ; In 1905-06, 8 % ;
In 1906-07, 8 % .
F o r y e a r e n d in g Jun e 30 1908, gross, $196,418; n e t, $ 1 1 0 ,­
031; d e d u ctio n s , $38,098; d lv s ., $34,152; s u r ., $ 3 7 ,7 8 2 .— (V . 8 1 , p . 149.)
CATSKILL MOUNTAIN RY.— O w ns narrow -gau ge road fro m C atskill,
up the Catskill M ou n tain , to P a le n v llle , N . Y . , 16 m .; leases Cairo l t R .,
Cairo J e t. to C a iro, N . Y . , 4 m .; 20 m iles. S t o c k , $89 ,000 . T h ere are also
second incom es fo r $15 ,6 0 0 , 6 % . First in co m e s have o n e v o t e fo r e ach $100.
D lv . on 1st In com es, 5 .8 2 8 1 % S e p t. 1906, the first sin ce 1897; 1907,
2 .9 1 0 4 2 % .
V . 83, p . 817.
K A R N I N G S .— Y e a r e n d in g Ju n e 30 1908,
gross, $73,634; n et, $21,359; In t., & c ., $ 1 8 ,5 2 0 .— (V . 83, p . 817.)
CAYUGA & SUSQUEHANNA RR. — O w ns fro m S u sq u eh an n a R iv e r to
Ith a ca , N . Y ., 34 m . L eased d u rin g len gth o f ch arter an d renew als thereof
to the D elaw are L a ck . & W e ste rn a t a rental o f $54,600 a y e a r.
D lv s. paid
a rc 9 % y e a r ly , w ith an o cca s io n a l e x tra a m o u n t; In 1904 9 y2% w as p a id .
CENTRAL RR. OF PENNSYLVANIA. — O w ns B e lle fo n te (P e n n . R R .)
to M ill H all. P a . (P a . D lv . o f N . Y . C. & H . R . R R . ) , 27.3 m iles; b ra n ch ,
3.4 in. C urrent lia b ilitie s Jun e 30 1908, $ 79 4,39 2.
F o r y ear 1908-09,
gross, $ 81 ,107 ; n e t, $ 2 5 ,5 3 5 .
In 1907-08, gross, $ 95 ,893 ; n e t, $ 36 ,094 ;
oth er in c o m e , $2,616; ch a rge s, $ 53 ,220 ; d e f ., $ 14 ,511 . S to c k , $ 1 ,2 0 0 ,0 0 0 ;
par, $50. Pres, a n d G en. M g r., W a lla ce I I . G e p h a rt.— (V . 88 , p . 1312.)
CHICAGO JOLIET & KANSAS CITY RY.— P r o je c te d fro m C h icago, v ia
J o lie t, to K ansas C ity , M o ., 350 m iles, w ith branches to K e lth sb u rg , M o .,
& c. S to c k a u th oriz e d , $15 ,0 0 0 ,0 0 0 .
B on d s a u th orized , $15 ,000 ,00 0 first
3 0 -y c a r g old 5s d u e M arch 1 1938, b u t s u b je c t to call a fte r M arch 1 1913 at
105. V . 86 . p . 134 3.— (V . 86 , p. 720, 1159, 1343; V . 87, p. 96.)

I7 L

a 'A %i th e r e a fte r , a n d a lso a y e a rly sin k in g fu n d fro m Ja n . 1 1918 su fficien t
t o redeem the o rd in a ry s to c k a t e x p ir a tio n o f con cession s. Its £ 1 ,000,000
o r d in a r y a n d £685,045 d e b e n . s to c k t o be gu a ra n te e d . V . 89, p . 225, 2 8 6 .
„ „ K a t . R y s . o f M e xico (w h ich see) ow n s £1,038,400 o f the 2d d e b en tu res ,
£907,500 o rd in a r y an d £102,000 cu m u la tiv e p re f. s to c k .
. I n D e c . 1907 It w as p ro p o se d to s ta n d a rd -g a u g e th e line an d p r o v id e fo r
B d e b e n tu re s to ck s an d M e x . E a st. R y . d e b s . V . 85, p . 1646; V . 86, p. 52.
_ S E C U R I T I E S .— O rd in a ry shares, £ 1 ,700,000 : p a r, £10. In O ct. 1908
th e £1,000,000 7 % cu m . p re f. shares w ere a llo tte d 1 4 0 %
(£ 1 ,4 0 0 ,0 0 0 ) In n ew first 5 % n o n -c u m . p re f. shares a n d p a r In 4 % 2d p ref.
shares In disch arge o f d iv id e n d s to Ju n e 30 1907.
V . 87, p . 1160. T h e
. *1° £40 0,00 0 5 % prior lien d e b e n tu re s w ere called Jun e 1 1909 a n d £450,000
4 % d e b e n tu re s to c k so ld .
V . 87, p . 1531, 1605.
, „ P , I Y J D E N D S -— ° n " B ” d e b e n tu re s to c k , fro m earn in gs o f 1903-04, 6 % ;
1904-Oa, 4 A % ! 1905-06, 1906-07 and 1907-08, 7 % .
O ld p r e f. shares re­
c e iv e d 2 % fro m earnings o f 1905-06, 3 H % fro m th o se o f 1907.
O n 1st
p r e f., 4 A % p a id D e c. 12 1908.
E A R N I N G S .— 2 m os.,J 1 9 0 8 -0 9 .......... G ross, $ 1 ,1 1 2 ,1 2 1 ; n e t, $354,117
Au(r‘ 3 1 - 11 9 0 7 -0 8 ---------G ross,
1 ,0 5 8 ,3 5 7 ; n e t, 310 ,4 3 6
R E P O R T fo r 1907-08 in V . 87, p . 1531.
1 0 „0 n .
G ross.
N et.
N et in Z.
1 9 0 8 - 0 9 ......................... .. (M e x .) $6 ,718,728
(M e x .) $2,2 9 8 ,8 7 2
____ __
!9 0 7 -0 8 . . . -------------- (M ex .) 7 ,7 0 1 ,1 0 5
(M e x .) 2,3 0 5 ,4 4 8
£235,402
T o ta l net In com e, £23 6,87 8; ch arges an d Int. o n d e b . s t o c k , £11 9,74 5;
d lv . o n B d e b . s to c k ( 7 % ) , £32,862; d lv . o n pref. shares (4 A % ) , £45,000;
reserve fu n d p rio r lien d e b e n tu re s, £20,000; b a l., su r., £ 19 ,271 .
N. Y .
o ffic e , 60 W a ll S t .— (V . 8 7 , p. 1160, 1531. 1605; V . 89, p . 225 , 286.)
™i
N A S C IT Y B E L T R Y .— F r o m C la rk ’s J e t. to V a lle y o f B lu e R iv e r , 10
m l e s - ^ In O c t . 1908 the .K an. C ity T e r m . R y . (w h ich see) c o n tr a c te d to a c. t h e .e nPorS I ™ 0,0. 0 o u ts ta n d in g s t o c k (par $100; a u th . issue $ 2 ,5 0 0 ,­
,
0
000) fo r $ 3 ,3 2 0 ,0 0 0 , v iz .: $ 2 ,5 0 0 ,0 0 0 b o n d s, $55 0,00 0 s to c k an d $170,000
t ,P !US i L
Y
ia
83, p '
X,- „8,5 ’ P- 4 05; V . 87, p. 1011.
F o r y e a r en d in g
Ju n e 30 1908, gross, $ 44 9,74 5; n e t, $19 9 ,7 5 4 ; in t ., ta x e s , & c., $23 2 ,5 8 6 ;
b a l., d e f., $3 2 ,8 3 2 .
P re s., H . L . H a r m o n .— (V . 8 5 , p . 405 ; V . 87, p . 1011.)
K E N T U C K Y & T E N N E S S E E R Y . — P r o je c te d fro m S tearns, K y ., w est­
e rly and so u th w e ste rly in to T en n essee, a b o u t 60 m iles, o f w h ich 11 m iles
co m p le te d an d 10 u nd er c o n s tr u c tio n O ct. 1907. S t o c k , $25 ,000
B on d s
(see table) c o v e r ro a d , 38,697 acres o f tim b e re d lands In T en n essee, tim b e r
an d coa l rights o n a b o u t 23,000 acres in K e n t u c k y , co a l m in es, e le ctric-lig h t
p la n t, & c
T h e y are u n c o n d itio n a lly g u aran teed , prln. an d I n t., b y th e
DAYTON LEBANON & CINCINNATI RAILROAD & TERMINAL CO. Stearns Salt & L u m b e r C o. an d Justus S. Stearn s, o f L u d in g to n , M ich. , a n d
— O wns fro m L eb a n on , O ., to L eb an on J e t ., 23 m .; H em p stea d to L a m b e th ,
m ature S e p t. 1 1910-12, $30 ,000 a n n u a lly ; 1913-17, $40 ,0 0 0 ; 1 9 1 8 -’ 3 $50 4 m.
In S ep t. 1909 a lm o s t c o m p le te d fro m the la tte r p o in t t o the D a y to n
ar
u
ect
ll
n y i
10
V
81
p 974
io o ’
U nion S ta tio n , 2 m ., w here term in al p r o p e r ty Is o w n e d .
H as tra ffic a r ­ 000; b u t d a c sa tb j105. t o .c a8 1 ,o n .a 974, n t e r e s t d a y ra ty e a r5 .e n d.in g , Jun e 30 l190 9in terest
y
V
p
1100.
Fo
,
ran gem en ts w ith e lectric lines fro m L e b a n o n J e t. t o D a y to n , 7 m ., and fro m
gross, $ 70 ,704 , again st $67 ,918 ; in 1907-08: n e t, $16 ,0 0 9 , a gain st o p . d e f ..
L eb an on to C in cin n ati fo r passenger t r a ffic . S to c k , $ 1 ,0 0 0 ,0 0 0 .
B o n d s $2,758 In 1907-08. P re s., J . S . S te a rn s.— (V . 81, p . 975 , 1100.)
a u th o riz e d , $30 0,00 0 (n on e sold S e p t. 1909); are s u b je c t t o call Jun e 1 1917
K IN G S T O N & P E M B R O K E R Y .— O w ns fro m K in g s to n , O n t ., C a n ., to
a t 105; C levelan d T r u s t C o ., tru stee. V . 8 5 , p. 1518. P re s., M . L . S tcrn R e n fre w o n the C a nadian P a cific, 104 m iles; bra n ch e s, 9 m iles.
R eorgan­
berger, J a ck son , O .; V .- P . an d T r e a s ., F ran k B ra n d o n , L e b a n o n , O .; S e c .,
ized in 1899 per plan In V . 67, p . 274. S t o c k , $ 1 ,0 0 0 ,0 0 0 first pref. 5 %
II. S. W illa rd , W c lls to n , ( ) . — (V . 8 8 . p . 374 .)
n o n -c u m ., $150,000 2d p re f. 3 % and $ 2 ,5 0 0 ,0 0 0 c o m m o n . T h e C a nadian
DELAWARE & EASTERN RY. — T o e x te n d fro m H a n c o c k , N . Y . , on
P a cific o w n ed o n Jun e 30 1909 $1,1 3 0 ,3 5 0 p re f. and $ 1 ,8 8 9 ,1 7 5 c o m m o n
E ric l t R . , t o S c h e n e c ta d y , N . Y ., 146 m iles, w ith bran ch t o A n des, 8 m iles,
o f w h ich E ast B ran ch t o A rk v ille , 38 m iles, an d 8 m . b ra n ch , In o p e ra tio n s to c k . V . 77, p . 636, 1221. F irst d iv id e n d o n first p r e f., 1 % , p a id A pril 2
1901; n on e later r e p o rte d . Y e a r e n d in g Ju n e 30 1908, gross, $ 21 7,42 3;
O ct. 1909.
Leases fo r 999 years the D el. & E ast. R R . , a c o n s o lid a tio n
M ay 1907 per plan V . 84, p . 931 , 1182. S to c k a u th o riz e d , $ 5 ,0 0 0 ,0 0 0 In n e t, $48 ,1 0 1 ; o th e r In com e, $640; in t. o n b o n d s, $ 17 ,160 ; b a l., s u r ., $31,581.
— (V . 73, p . 1160.)
$100 shares; ou ts ta n d in g , $ 2 ,0 5 0 ,0 0 0 . O f the 5s o f 1907 ($ 6 ,5 0 0 ,0 0 0 a u th .
L A N C A S T E R O X F O R D & S O U T H E R N R R . — O x fo r d , P a ., t o Su sq u e­
Issue), $1,7 5 0 ,0 0 0 are to be used to take up the o ld b o n d s ($ 1 ,0 0 0 ,0 0 0 ) an d
s tock ($600,000) o f D el. & E a st. R R . and fund Its n o te s an d llo a tln g d e b t; han n a, 20 m iles, was re b u ilt late In 1905. S t o c k , $ 20 0,00 0; par, $10 0.
B o n d s , see ta b le .
Y ea r e n d in g Jun e 30 1908, gross, $ 3 1 ,5 5 7 ; n e t. $11 ,465 ;
bal. t o be used to c o m p le te the p ro p o se d r o a d . V. 88 , p . 563.
In J u ly 1909
In t., ta x e s, & c., $11 ,099 ; b a l., s u r ., $366.
P re s., W . M . F ran klin ; T r e a s .,
ob ta in ed perm ission to Issue $4,7 5 0 ,0 0 0 5s o f 1907, In clu d in g u n d er o p tio n
O ffic e , L a n ca s te r, P a .— (V . 8 1 , p . 1665.)
$ 3 ,500,000 to an English s y n d ic a te . V. 89, p . 162, 285 , 721.
P r e s ., F. F . J . W . Bausm an; S e c ., J. B .L o n g .
S earing, 7 W all S t., N . Y . — (V . 89, p. 162, 28 5 , 721.)
M A N IS T E E & G R A N D R A P ID S R R . — M.anlstee t o M arlon , M ich .,
DUBUOUE & SIOUX CITY RR. — (See M a p o f Illinois C en tra l.)— O w ns 73 m .; F iler C ity t o San ds, 2 m . S to c k a u t h ., $1 ,0 0 0 ,0 0 0 ; o u t .. $ 45 0,00 0;
par o f shares, $100. B on d s o u ts ta n d in g last a c c o u n ts , $ 2 6 5 ,0 0 0 . F o r
D u b u q u e, Iow a , to Io w a Falls, 143 m iles; Io w a Falls to S iou x C ity , 184 m .;
ye a r e n d in g Ju n e 30 1908, gross. $79 ,6 9 3 : d e f. u n d er o p e r. e x p ., $ 6 ,5 0 5 ;
M anchester to C ed ar R a p id s , 42 m .; O n aw a , Io w a , to S io u x F a lls, D a k o ta ,
P re s ., J . C r o ck e r. C h ica g o,
155 m .; C ed ar Falls to M in nesota S ta te L in e, 76 m .; T a ra S ta tio n , near F t. to ta l d e d u ctio n s , $33 ,345 ; b a l., d e f., $ 3 9 ,8 5 0 .
111., T re a s .. B . C . S a m m o n s. O ffic e , M anistee, M ich .— (V . 79. p . 1642.)
D od ge, l a ., to C ou ncil Bluirs, 130 m .; total o w n e d , 730 m iles.
O R G A N I Z A T I O N .— C o n tro lle d sin ce A p ril 1887 b y the Illinois C entral
M A N ITO U & P IK E 'S P E A K R Y . — M a n lto u , C o l., t o s u m m it o f P ik e ’ s
R R ., w hich ow n s n early all the $ 1 5 ,0 0 0 ,0 0 0 s to c k and has Issued Its ow n
P e a k , 8 .9 m iles, stan d ard gau g e.
O p era ted fro m A p ril t o N o v e m b e r ,
bond s on the road; the o n ly I). & S. C. b o n d s held b y the p u b lic are the Io w a y e a r ly . S to c k , $50 0,00 0; p a r o f shares, $100.
In O c t . 1909 $50 0,00 0 20Falls <k S iou x C ity 7s, $ 8 ,2 0 0 ,0 0 0 .
L ea se, V . 79, p. 1274.
y ear 5s w ere issued to replace o ld m a tu rin g b o n d s .
F o r y e a r en d in g N o v . 30
D I V I D E N D S .—
11900. 1901. 1902. 1906. 1907. 1908.
1909.
1908, gross, $10 3,27 3; n e t, $53 ,853 ; o th e r In com e, $ 8,980; in t. on b o n d s,
3
l A
l
1 Vi
4
l A
A ug. 3 H
S in ce 1 8 9 9 ................ . % /
$25 ,000 ; ta x e s , $2,656; b a l., s u r ., $35 ,1 7 7 .
P r e s ., C . W . Sells. O ffic e .
— (V . 89, p . 470.)
M a n lto u , C o l.— (V . 8 9 , p . 847 .)
GAINESVILLE MIDLAND RY. — O w ns G ain esville, G a ., to A then s, 42
M A R S H A L L & E A S T T E X A S R Y . —-M arsh all, T e x ., o n T e x a s & P a cific ,
m iles, stan d ard ga u g e, and B e lm o n t to M on roe, 32 m iles, narrow ga u g e. t o W ln n s b o r o , o n th e M . K . & T . , 72 A m iles.
O rganized J u ly 5 1904. V . 79, p. 151, 269, 500, 627. S t o c k , all o u tsta n d in g ,
S to ck h o ld e rs v o t e d M ay 15 1909 t o Increase th e s to c k fro m $75 ,000 t o n o t
$550,000. O f the 1st 5s o f 1905 ($ 1 ,0 0 0 ,0 0 0 a u th o r iz e d ), $14 ,000 Is re­ e x c e e d in g $ 25 0,00 0, and a u th o rize d an e x te n sio n s o u th to N e w to n . 125 m .,
served to retire old 6s an d $299,000 fo r e x te n sio n s.
V . 81, p . 1848. T h e o f w h ich 42 m iles in progress in M arch 1909.
V . 88, p. 748 , 1500.
Savan n ah T ru st C o. Is m o rtg age tru ste e . V . 81, p. 1375, 1550.
Y ear
C on trolled b y Interests represen ted b y S t. L ou is U n io n T r u s t C o . S u ce n d in g June 30 1909, gross, $ 16 0,80 1; n e t, $37 ,892 ; Interest an d ta x e s , essor to T e x a s Sou th ern R y ., fo re clo se d A u g. 4 1908.
V . 87, p. 416 , 4 8 1 .
$39,977; b a l., d e f., $ 2,085.
P res., G eo. .1. B a ld w in .— (V . 81, p. 18 4 8 .)
S t o c k , $ 75 ,000 . N o b o n d s Issued t o Ja n . 1909. Y ea r e n d . Ju n e 30, 1909,
GENESEE & WYOMING RR. — R e ts o f, N . Y . , to P ittsbu rgh & L eh igh gross, $10 0,63 6; d e f. u n d er o p e r . e x p ., $ 8 ,033. P res., A lbert T . P erkins,
J e t ., 11 m iles; R etsof J e t. to G relgville, 4 m .; bran ch , 2 m .; t o ta l, 16 m iles. S t. L o u is, M o .; V .-P . a n d S e c ., O sce G o o d w in , D allas, T e x .; T r e a s ., N . A .
S to c k , $50 0,00 0; p ar o f shares, $100.
D iv id e n d s fro m O ct. 1899 to 1902 M cM illa n .— (V . 87, p . 544, 677; V . 8 8 , p . 748, 1500.)
Inch, 5 % y ea r ly : 1903, 8 % ; 1904, 8 % ; 1905 to A p r. 1909, 4 % y e a rly (Scotl­
M A R Y L A N D D E L A W A R E & V IR G IN IA R Y . — O perates L o v e P t ., M d .,
and.
\ ear 1908-09, gross, $91 ,8 5 9 ; n e t, $37 ,998 ; o th e r In com e, $35 ,000 ; to L ew es, D e l., 73 m iles; Q u een stow n J e t. t o C en terville, M d ., 5 m .; t o t a l,
ch arges, $28 ,3 9 8 .
P r e s ., E . L . F u ller, S c r a n to n , P a .; T r e a s ., M ortim er B. 78 m ., an d Lew es t o Ile h o b o t h , 5 m . # is track age o v e r D el. M. & V lr.
A lso
Fuller; S e c ., II. I). Fu ller, 2 R e c t o r S t., N . Y . — (V . 76 p . 1248.)
ow ns 14 steam ers ru n n in g betw een B a ltim o re , W a s h in g to n , p o in ts on the
GRAND RAPIDS & NORTHWESTERN RR.— T o e x te n d fro m G rand P o t o m a c R iv e r , th e R a p p a h a n n o ck R iv e r , P a tu x e n t R iv e r an d N o rfo lk .
R a p id s , M ich ., to L u d in g to n , 95 m iles. S to c k , c o m m o n . $ 2 ,500,000 ;
S to c k , $3,0 0 0 ,0 0 0 , o f w h ich o n e -h a lf each o f c o m m o n an d 4 % n o n -c u m .
pref., 6 % cu m , $500,000; par, $100
O f the bon d s ($ 5 ,0 0 0 ,0 0 0 au th or- p r e f.; par o f shares, $50 each ; 4 % certs, o f in d ebted n ess, d u e D ec. 5 1909,
Izctl is su e ), $ 1 , 000,000 is le s cr v e d fo r e x te n sio n s and im p ro v e m e n ts.
1909, $80 ,0 0 0 .
P en n . R R . a n d Its su bsidiaries ow n all the c o m m o n a n d
V . 86 , p . 1529.
P residen t, M arshall F . B u tters; T re a s ., Geo* N Stravs- a b o u t $30 0,00 0 p re f. s t o c k , the la tte r b e in g held In v o t in g tru st e x p irin g
S e c ., Sam uel T a p llil.
O ffice , L u d in g to n , M ich .— (V . 80, p . I 5 2 9 d
’ Jan . 1911, Jo h n F . W illia m s, D ou gla s FI. G o rd o n a n d J o h n S. G lttin gs
be in g the v o t in g trustees.
B a lt. Ches. & A tla n tic ow n s a m a jo r ity o f s to c k
GREENWICH & JOHNSONVILLE RR. — O w ns fro m S c h u y le rv lllc N Y
In 1908, gross, $ 74 3,57 0; n e t, $71 ,211 ; oth er In­
to Joh n son vllle, N . Y ., 21 m .; Salem b r a n c h , G reen w ich north east to R c x - an d gu aran tees b o n d s.
lelgh , 10 m ., co m p le te d In 1908. S to c k , $ 22 5,00 0, o f w h ich the Del & c o m e , $ 1,910; charges, $10 5,37 8; b a l., d e f ., $ 3 2 ,2 5 7 .— (V . 89, p . 593.)
H u dson C o. ow ns $17 5,00 0, acq u ire d In 1906.
V . 84, p . 626.
B o n d s, see
M O R E L IA & T A C A M B A R O R Y .— See Issue o f J u ly 1909.
table a b o v e .
O f the co n s o l. 5s ($ 1 ,0 0 0 ,0 0 0 a u th orized Issue), $400,000
M U S K E G O N G R A N D R A P ID S & IN D IA N A R R .— O w ns r o a d . G rand
are Issuable on the S alem b ra n ch , e x te n d in g fro m G reen w ich t o a c o n ­ R a p id s t o M u sk egon , M ich ., 37 m .; tra ck a ge , G . R . & In d . at G rand R a p id s ,
nection w ith the D . & H ., $500,000 are reserved to retire the 1st 4s and
3 m iles. O p era ted b y G . R . & In d . R R ., w h ich w as fo re clo s e d In 1896;
$100,000 fo r futu re pu rposes.
V. 86 , p . 1224.
F or y ear e n d in g Jun e 30
c o n s id e ra tio n , n et earnings. S to c k a u th o riz e d , $ 35 0,00 0; par, $100; Issued,
1900, gross, $11 1,82 1; n e t, $ 55 ,893 .
In 1907-08, gross, $10 0,52 4; n e t, $ 3 9 ,­ $ 1 ,0 0 0 . C o u p o n o f Jan . 1909 p a id In O ct. 1909.
Flarns. fo r y e a r en d in g
696: Int. and ta x es, $18,793; d lv . ( 4 % ) , $ 9 ,000; b a l., su r., $ 1 1 ,9 0 3 .
P re s .,
D e c. 31 1908, gross, $17 1,26 7; net o v e r ta x e s , $ 51 ,383 ; Int. on b o n d s, & c.,
I. C. B la n d y . O ffic e , G reen w ich , N . Y .— (V . 86 , p. 1224.)
$ 39 ,581 ; b a l., su r ., $ 1 1 .8 0 2 .— (V . 8 8 , p . 1373; V . 8 9 , p. 919.)
GULF & INTER-STATE RY. OF TEXAS. — P ort B o liv a r, on G a lv e sto n , N IA G A R A J U N C T IO N R Y . — A term in al an d sw itch in g road e x te n d in g
B a y to B ea u m on t, T e x ., 70 m iles. V. 78, p . 1167. S to c k , $ 71 ,000 . B on d s, fro m N iagara Falls, N . Y . , to P le tc h e r ’s C orners, N . Y . , 5.15 m iles: fa c to r y
$ 1 ,029,600 1st 5 s a u th o riz e d ; o u ts ta n d in g , $ 82 9,00 0, issued In 1895.
F o r sidin gs, 8.74 m . S to c k , $16 0,00 0 co in , an d $14 0,00 0 8 % c u m . p r e f.; a ll o f
year e n d in g June 30 1909, gross, $16 2 ,2 6 7 . a g a in st $96,945 In 1907-08; o p . c o m . an d all th e o u ts ta n d in g p re f. b e in g ow n e d b y N iagara Falls P ow er
d e f ., $14 3,35 2, a g a in st d e f., $ 19 5,74 0.
P re s., I,. P. F ea th erston e; V .- P ., C o. C alendar y ear 1908, gross, $42,090; n et, $18,624; o th e r In c., 51,179;
Clias. H . M oore; S e c ., G eo. S c a ly .— (V . 8 4 , p . 1366.)
in t ., ta x e s , & c .. $12,488; b a l.. su r., $ 7 ,3 1 5 . P re s., D . O . M ills: V .- P ., E d ­
HOOSAC TUNNEL & WILMINGTON RR.— N A R R O W G A U G E .— w ard A . W Ick es; T re a s .. W . P a x to n L ittle . O ffic e , 15 B ro a d S t ., N . Y .
NOR T H W E S T E R N C O A L R Y . — A llo u e z B a y , W isco n sin , o t A llo u ez J e t .,
H o o s a c T u n n el, M ass., to W ilm in g to n , V t ., 25 m iles. S to c k , $25 0,00 0; par,
W is ., 2.53 m iles, w ith coal w h arf c o v e r in g a b o u t 80 acres o f la n d .
V . 71,
$100.
D iv id e n d s : In 1903, 2 % ; ye a r 1905-06, 3 % ; n one sin ce .
Earnings
fo r 1908-09, gross, $ 71 ,448 ; n et, $25 ,308 ; b o n d In t., $12 ,050 ; ta x e s, $1,845; p . 698 . O w ifed b y the P ittsb u rg h Coal C o ., w h ich g u aran tees the b on d s,
o f w h ich $220,000 are a p p o rtio n e d to the railroad a n d $ 5 7 4,00 0 to the coa l
b a l., s u r ., $1 1 ,4 1 3 .
P res., J o h n P. K ellas, M alone, N . Y . — (V . 79, p. 903 .)
.HOUSTON & BRAZOS VALLEY RR. — O wns A n ch o r t o V e la sco , T e x a s , p r o p e r ty . S ee o fficia l s ta te m e n t, V . 71, p . 698. C apital s to c k $ 1 ,0 0 0 ,0 0 0 .
F o r y e a r e n d in g Ju n e 30 1907, gross, 525 ,324 ; n e t, $2,663; in t. an d ta x es,
20 m iles,
l o be e x te n d e d fro m A n ch o r, a b o u t 100 m iles, w ith b ra n ch to
H ou ston , 20 m iles. C on trolled b y B . F . Y o a k u m o f S t. L o u is & San F'ran- $11 ,978 ; b a l., d e f. for year, $ 9 ,3 1 5 .— (V . 71, p . 698.)
P H IL A D E L P H IA H A R R IS B U R G & P IT T S B U R G H R R .— H a rrisb u rg ,
r !w<°,‘ no,! an d associa te s. S to c k . $ 1 2 0 ,0 0 0 .
B on ds, $ 200,000 1 st 3 0 -y e a r
os ($1,000 e a c h ) , d u e J u ly 1 1937, I n t .J .& J .; M ercantile T r . C o ., S t. L ou is, P a ., t o S h ip p en sbu rg, o n the W estern M aryland R R ., 47.64 m .; 2d tr a c k ,
40.62 m .; 3d tra ck , 4.87 in .; sidin gs an d laterals, 10.88 in.
L ea sed O ct 15
trustee.
F or year 1907-08, gross, $ 23 ,900 ; n e t, $ 83 1.— (V . 85, p . 793.)
1890 fo r 999 years a t 5 % o n s t o c k , Int. on b o n d s, taxes an d e xp en ses t o
P h lla . & R e a d in g R R ., w h ich b y en d o rse m e n t on ea ch gu ar, th e b o n d s , prln .
& Int.
Lease assum ed In 1896 b y P h lla . & R e a d . R y . S to c k . $ 2 ,000,000
(p ar $5 0 ), ow n ed b y R e a d in g C o ., o f w h ich $ 1 ,9 9 5 ,0 0 0 . a lo n g w ith $1,472,000
o f the b o n d s also ow n ed b y the R e a d in g C o ., are d e p o s ite d u n d e r Its general
a u th oriz ed , $3 ,0 0 0 ,0 0 0 , all o u ts ta n d in g ; p a r, $100
m o rtg a ge o f 1897. M ortgage Is fo r $2,0 0 0 ,0 0 0
First lien 6 % n otes, $50 0,00 0 (C o m m o n w e a lth T r . C o ., P itts b u r g h , trus­
A « MC
B
,
R H
Y—
te e ), secured b y 12 o % In first m tg e . 5s (p a rt o f an au th o riz e d Issue o f $ 3 ,­ ^nR, « 3 ., D ,J YM L ^ C l^ -Hm ^ LS & N Or pT r aW E S T E R N R 1909 Owns R a p id
t
t M stic, 35
iles.
o o
d
successor
000 , 000 ), m ature $100,000 M ay 1 In 1912, $150,000 In 1913 a n d $25 0,00 0 In 4 f yM issouri., R o e r y& N orth w estern I n crch asedtea t e a rlyivinr ’s saleas y the o ld
o
iv
pu
rece e
b
1914.
V. 89, p. 778, 91J.
I r e s ., W . S. K u h n ; S e c ., J . H . S im p s o n .—
b o n d h o ld e rs .
V . 88, p . 1254. S to c k a u th o riz e d , c o m ., $45 0,00 0, all o u t ­
(V . 89, p . 778, 919.)
s ta n d in g ; pref. 5 % c u m ., $25 0 ,0 0 0 , o f w h ich $233,000 p re f. o u ts ta n d in g ;
IN T E R O C E A N IC R Y . OF M E X IC O , L T D . — V era C ruz to M exico C ity , par, $100. O f the 1st 3 0 -y e a r 5s (total $75 0,00 0 a u t h o r iz e d ), $35 0,00 0
M e x ., 342 m iles; L os R e y e s t o P u en te de I x tla , 123 m iles; L os A rcos to
h a v e been Issued: C olu m bia T ru s t C o ., N ew Y o r k , tru ste e .
P r e s ., G eo. E .
C u au tla , 102 m .; 3 bra n ch es, 30 m .; M exica n E astern R y . (V . 73, p. 1263),
M a co m b e r, A u gu sta , M e.; V .- P ., A lb e rt E . O sb o rn e , E rie, P a .; S e c ., Charles
130 m iles; to ta l, 736 m iles.
E . H o y t , S o u th N o rw a lk , C on n.
In J u ly 1909 the lease was be in g arranged o f the M exican S o u th e rn , e x ­
SA N T A F E L IB E R A L & E N G L E W O O D R R .— P r o je c te d from D es
ten d in g fro m P u eb la t o T c c o m a v a c a , 139 m iles, and T e c o m a v a c a to O a x a ca ,
M oin es, N . M ., t o lvn glew ood, K a n s ., an d th e n ce to W o o d w a r d , O kla., ter­
89 m iles, also ow n in g T e h u a ca n -E sp e ra n z a T r a m w a y , 32 m iles, and 3 short m in a tin g at G uthrie and O k la h om a C ity , O k la .. 321 m iles. See San ta Fe
lines, fro m Jan . 1910 fo r the term o f Its co n ce ssio n s, the re n ta l to p ro v id e R a to n <c Des M oines and San ta Fe R a to n & Eastern b e lo w . C om b in ed
5
4 % d iv id e n d s on the £685,015 d e b e n tu re s to c k and d iv id e n d s on the £ 1 .­ m ileage, 57 m iles. S to c k , 5 8 .000.000 : b o n d s a u th o r iz e d . $ 8 ,0 0 0 ,0 0 0 ; o u t ­
000,000 c o m m o n s to c k ranging fro m 3 H % In 1910 to 5 H % in 1917 an d sta n d in g , $ 1 .1 0 1 ,5 0 0 . See V . 84. p. 221 .
£259 *1 ja zJ a d A - i




T h e C anadian R iv e r R y ., p r o je cte d tro m W o o d w a r d , O k la ., to G u th rie, b y w h ich c o n n e c tio n Is h ad w ith Salina C ruz o n P a cific O ce a n , 114 m iles
an d O k la h om a C ity , 220 m iles, b y the sam e Interests, ot w h ich 5 m . graded. d ista n t; also b ra n ch fro m T le rra B lan ca t o V e ra C ru z, o n th e G u lf o f
P rotective Com m ittee fo r S ecu rities o f A ll A llied C om p a n ies.— Charles H . M e x ico , 62 m iles, fo rm in g a th ro u g h line fro m th e A tla n tic t o th e P a c ific
O cea n ; t o t a l, 265 m iles. R e -in c o r p o r a t e d In J u ly 1908 u n d e r th e la w s
L e e , C h airm an; R o b e r t L a w re n ce , S e c.; T ru s t C o. o f A m erica, d e p o s ita ry .
o f M e x ico ; fo rm e r ly k n ow n as V era C ruz & P a clllc R y .
V . 87, p . 3 9 ,
— (V . 89, p. 163, 349 .)
616. S t o c k , $ 1 ,0 0 0 ,0 0 0 c o m m o n , a ll o w n e d b y M e x ica n G o v e rn m e n t,
S A N T A FE R A T O N & D E S M O IN E S R R .— P r o je c te d t o e x te n d fro m
w h ich gu aran tees b o n d s, prln . a n d ln t ., b y e n d o rs e m e n t. V . 7 8 , p . 1 78 3,
C a ris b r o o k , a t a c o n n e c tio n w ith th e S an ta Fe R a to n & E a stern R R ., 4 m .
1963; V . 79, p. 1933, 1643.
tr o m R a to n , N . M ., on th e m ain line o f the A tc h . T o p . & S. Fe R y ., t o
B O N D S are s u b je c t t o call a t 110 t o J u ly 1 1924 and o n J u ly 1 1924
D es M oin es, N . M ., on the C ol. & S o u th . R y ., 41 m iles; no road In op era­
an d th e re a fte r a t p a r. J o in t ly g u aran tees V era C ruz t e r m in a l C o . d e b e n ­
tio n .
Sec V. 8 8 , p. 88 4 . S t o c k , $ 1 ,0 0 0 ,0 0 0 ; o u ts ta n d in g , $ 2 3 5 ,0 0 0 .—
tures.
V . 8 7 ,p .3 9 .
F or year e n d . D e c. 31 1907, gross earns. (M ex ican cu r­
(V . 88 , p . 625, 046; V . 89, p. 163.)
r e n cy ) w ere $ 1 ,1 4 3 ,1 0 0 ; n e t, $9 5 ,2 6 1 .
.
,
S A N T A FE R A T O N & E A S T E R N R R .— P r o je cte d R a t o n , N . M ., to
P res, and G en. M g r., T h o m a s M ilan, V era C ruz, M e x .: A sst. T re a s. and
Y a n k e e , N . M ., 12 m ., o f w h ich 9 m . o p e ra te d ; b ra n ch fro m C a risbrook to
A sst. S e c .. L . S. Z im m e rm a n , B a ltim o re .— (V . 8 7 , p . 3 9 , 227.)
S u g a rite , 4 m .; t o ta l, 16 m iles. See V . 88 , p . 884 . S t o c k , $30 0,00 0; o u t­
V IR G IN I A - C A R O L I N A R Y . — A b in g d o n , V a .. t o V lr g ln la -T cn n c s s e e
s ta n d in g , $6 0 ,0 0 0 . In June 1909 a b o n d h o ld e rs ’ p r o te c tiv e co m m itte e
(J oh n W . F la tten , C h airm an; C alvert B rew er, 55 Cedar S t ., S e c.; U . S. S ta te line, 17 m iles; B e a ve r D am R R ., o p e r a te d . S ta te line t o C ran dull,
E x te n s io n p ro p o se d t o J efferson , 21 m iles. S to c k
M tg e. & T r . C o ., N . Y ., d e p o sita ry) w as fo rm e d fo r the S. F . R a to n & 8 m iles; to t a l, 25 m iles.
a u th o r iz e d , $ 1 ,0 0 0 ,0 0 0 ; o u t s t a n d in g , $ 4 0 0 ,0 0 0 .
B o n d s , $18 0,00 0 first gold
E a stern and Y a n k ee Fuel C o ., V . 88 , p . 1501.— (V . 89, p . 163, 066.)
5s, d u e M ay 1 1950. Y e a r e n d in g Jun e 30 1908, gross, $ 08 ,683 ; n e t, $ 4 1 ,­
S A V A N N A H A U G U S T A & N O R T H E R N R Y .— T o e x te n d fro m S a v a n ­ 656; ch arges, $ 19 ,144 ; d iv id e n d s , $2,000; b a l., s u r ., $ 2 0 ,5 1 2 .
1 res. and
n a h , G a ., t o C h a tta n oog a , T e n n ., 380 m iles, w ith bra n ch to A u gu sta, G a ., T r t a ... W . B .M ln g e a , A b in g d o n , V a .; S e c ., C. W .B o l c e . — (V . 86 , p . 1345.)
40 m ilts.
V . 84, p . 1553. In M ay 1908 tra ck had been laid fro m S tates­
V I R G IN I A & C AR OL IN A SOUTHERN R Y .— O w ns fro m L u m b e rto n ,
b o r o , G a ., t o G arlield , 25 m ., a n d 34 m . a d d itio n a l gra d e d .
In Jun e 1909
B o w d re P h ln lz y o f A tla n ta , G a .,w a s a p p o in te d r e ce iv e r on a p p lica tio n o . N . C ., n o rth t o S t. P a u l, 15 m .; e x te n sio n p ro p o s e d t o F a y e tte v ille , N . C .,.
B o n d s ($ 2 , 000,000 a u t h .) , V . 86 , p . 1345.
th e m tg e . tru stee an d t o satisfy a co n s tr u c tio n cla im fo r $28 6 ,5 1 6 . V . 8 8 , 19 m . S to c k a u t h ., $ 4 0 ,0 0 0 .
p. 1501, 1561; V . 89, p . 44, 164. S to c k a u t h ., c o m ., $ 8 ,0 0 0 ,0 0 0 ; p r e f., $3,
P r e s ., J . F . L . A rm fle ld , F a y e tte v ille , N . C .— (V . 86 , p. 1345.)
0 0 0 ,0 0 0 . B on d s ($ 1 1 ,0 0 0 ,0 0 0 a u t h .) , see ta b le a b o v e .
S u it p e n d in g O ct.
V I R G IN I A & SO U TH W ES TE R N R Y . — O w ns fro m B risto l, V a ., a t a
1908, V . 87, p . 1089. P r e s ., W in . H . L y n n , N ew Y o r k ; S e c ., H in to n B o o th ,
co n n e c tio n w ith th e S ou th ern R y . , n o rth e rly v ia A p p a la ch ia t o coa l fields
S t a te s b o r o , G a .— (V . 8 5 , p . 723; V. 87, p. 1089; V . 8 9 , p . 4 4 , 164.)
a ro u n d S t. Charles, V a ., an d so u th e rly t o Iro n m ines a t M ou n ta in C it y ,
SO M E R S E T R Y .— O w ns ro a d fro m O aklan d to K In eo S ta tio n , M e., and T e n n ., w ith bran ch es, a to ta l o f 171 m iles.
A 38-m ile cu t-o ff Is b ein g c o m ­
b r a n c h , 94 m iles. In A pril 1907 the M aine Cen tral acq u ire d c o n tro l; V . 85, p le te d fro m M occa sin G ap to P ersia, T e n n ., w h ere c o n n e c tio n is a g a in m ade
p . 922.
C apital s to c k Is $ 73 6,64 9: par, $100; 1st an d ref. 4s o f 1905 ($ 1 ,­ w ith the S o u th e rn R y .; leases R o g e rs v ille v ia Persia to B u ll's ( la p , T e n n .,
500 ,0 0 0 a u th . Issue) are a llrst lien o n th e e x te n sio n fro m B ingh am t o M oose- fro m Jan . 1 191 0; tra ck a g e , 37 m ilts; to ta l m ileage, 262 m iles.
In J u ly 1908
h ead L ake an d e q u ip m e n t; o f th e balance unissued, $42 0,00 0 are reserved
Sou th ern R y . c o m p le te d p urchase of th e $ 2,000,000 s to c k , V. 87, p. 98. 1 ie
d
t o retire the $39 7,50 0 old b on d s and $21 6,00 0 fo r Im p ro ve m e n ts at 8 0 % o f V i Iro n , Coal & C oke C o . guaran . the 1st M . b o n d s, p .& L ; V . 7 5 , p . 348 , 398
c o s t , b u t o n ly w hen net earnings are tw ice the Interest on the b o n d s then 73 6 ; V . 7 6 , p. 273 .
Ot the first co n s o l. 5 0 -ye a r 5s ($ 7 ,0 0 0 ,0 0 0 a u th orized
ou ts ta n d in g .
V . 83, p . 97.
In M ay 1907 $ 1 ,5 0 0 ,0 0 0 4 -y e a r 5 % n otes,
Issue), d a te d A p ril 1 1908, $ 2 ,0 0 0 ,0 0 0 are reserved to retire the ou tsta n d gu ar. prln . an d ln t. b y the M aine C en tral, w ere s o ld .
V . 84, p. 1183. F o r
y e a r 190 8-0 9, to ta l o p e r. rev e n u e , $ 27 0,94 4; n e t, o v e r ta x e s , $31 ,760 ; o th er
I n c ., $ 1,695; charges, $ 12 7,85 2; b a l., d e f., $ 9 4 ,5 2 0 .— (V . 89, p . 722.)
SO U TH D A K O T A C E N T R A L R Y .— O w ns S io u x Falls, S. D ., t o W a te r ­ $15 ,000 D e c. 1910 a n d $15,000 m o n th ly fro m A p ril to O ct. 1911.
Y e a r e n d in g Ju n e 30 1909, gross, $ l , 1 36 ,286 ; net, $36 2,63 2.
In 1007-08,
t o w n , 103 m ., co m p le te d M ay 1908. S to c k a u th o riz e d , $ 2 ,6 0 0 ,0 0 0 ; o u t s t ’ g ,
$ 2 ,0 3 0 ,6 0 0 . B on d s, see ta b le a b o v e . V . 84, p . 869; V . 8 6 , p. 98. F o r y ear gross, $ 1 ,0 6 2 ,5 0 0 ; n e t, $24 2,87 4; o th e r In c., $74 ,940 ; ch arges, $ 1 8 0 ,3 5 6 .
en d in g Jun e 30 1908, gross, $11 6,36 4; n e t, $ 50 ,902 ; o th e r In c ., $27 ,468 ; — (V . 8 8 , p . 159.)
charges, $38 ,453 : b a l., su r., $ 39 ,917 .
P re s ., P . F. S h erm a n .
O ffice ,
W A B A S H C H E S T E R & W E S T E R N R R .— C h ester, 1 1 1. , to M t. V e r n o n .
S io u x F a lls, S. D .— (V . 84, p. 869; V . 87, p. 98.)
111., 65 m ile s. S to c k $ 1 ,2 5 0 ,0 0 0 ; p a r, $100. C o u p o n s d u e J u ly 1894
S T A N L E Y M E R R I L L & P H I L L I P S R R .— S ta n le y , W ls ., t o L y n ch , 39 p a id J u ly 1896; n o n e p aid s in ce . Y e a r e n d in g Ju n e 30 1908, gross, $ 1 2 3 ,­
m iles; b ran ch es and term in a ls, 13 m . S to c k , $100,000; par, $100. F o r 244; n e t, $ 3 ,6 8 8 ; to ta l d e d u ctio n s , $40 ,9 0 3 : b a l., d e f ., $ 37 ,215 .
y ea r en d in g Ju n e 30 1908, gross, $123,040; n et, $23 ,844 ; o th e r Incom e,
W A D L E Y
S O U T H E R N
R Y .— C ollin s, G a ., t o R o c k le d g e , 90 m iles.
$ 1 ,3 4 6 ; ch arges, $ 27 ,663 ; b a l., d e f., $ 2 ,4 7 3 .
B o n d s, $75 0,00 0 1st g o ld
A llied w ith th e C en tral o f G eorgia R y ., w h ich ow n s all the $800,000 b o n d s,
5s d u e N o v . 1 1935; ou ts ta n d in g , $50 0 ,0 0 0 . V . 81, p. 1101.
P res., S . G.
d e p o s ite d u n d er Its s h o r t-te r m n o te s. V . 83, p . 437; V . 85, p . 605 . S t o c k ,
M oon ; T r e a s ., J . T . B a rb er, all o f E au C laire, W l s . — (V . 81, p . 1101.)
$60 0,00 0: par, $100.
F or ye a r e n d in g Ju n e 30 1909, gross, $ 88 ,173 ; n e t .
S T E P H E N V IL L E N OR TH & SO U TH T E X A S ? R R .— O w ns S tep h en vllle, In com e (ln c l. $292 " o t h e r ” ) , $ 4,637; ta x e s a n d re n ta ls, $ 8,076; b a l., tier.
T e x ., t o H a m ilto n , 43 m iles; co m p le te d D ec. 1907. In F e b . 1909 S t. L ou is $ 3 ,4 3 9 .
P r e s ., H . P . S m a rt, S a v a n n a h .— (V . 8 3 . p . 975 .)
parties pu rch ased a half Interest. S to c k , $ 43 ,300 .
B on d s (C o m m o n ­
w ea lth T ru st C o ., S t. L o u is , tr u s te e ), V . 8 5 , p. 1006, 1083. F o r y e a r e n d W A R R E N & C O R S I C A N A P A C I F I C R Y . — W a rre n to C a m p w o o d , T e x .,
ln g Ju n e 30 1909, gross, $ 10 2,85 9; n e t, $ 4 5 ,3 4 2 . P r e s ., B . C. Cage; S e c. 20 m iles. S t o c k , $ 1 0 0 ,0 0 0 ; p a r, $100. S . F . C arter an d W . II. N orris,
a n d T r e a s ., W . S . W a t s o n .— (V . 88 , p. 565.)
r e ce iv e rs.
V . 8 0 , p . 999; V . 87, p . 40.
F or ye a r e n d in g Ju n e 30 1907,
T E X A S SH O R T L IN E R R .— G ra n d Salin e, T e x ., t o H o y t , 9 H m . gross, $48 ,2 2 1 ; n e t, $ 15 ,741 ; ta x e s , $193; b a l., s u r ., $ 1 5 , 24 8 .— (V . 8 7 , p . 4 0 .)
In J a n . 1909 a s y n d ica te acq u ire d all the s to c k an d b o n d s and p roposes to
W A R R E N R R . , N. J . — N ew H a m p to n J e t. t o D ela. B rid g e , N . J ., 18.8
e x te n d r o a d .
V . 87, p . 1605; V . 8 8 , p . 23 2 . S t o c k , $10 ,0 0 0 .
B o n d s , m . L ea sed In p e r p e t u it y t o D ela. L . & W . at 7 % on s to c k an d Interest
see table.
N o p la n fo r new ca p ita liz a tio n had been arranged In M arch o n b o n d s. See f o r m o f g u a r a n ty , V . 72, p . 628 .— (V . 80, p . 999.)
1909. Y e a r en d in g J u n e 30 1907, gross, $25 ,7 4 1 .
P re s ., J o h n B. C h risten­
W A S H I N G T O N & V A N D E M E R E .— W a s h in g to n , N . C ., to V a n d cm e rc
sen , C om m on w ea lth T ru st B ld g ., S t. L ou is, M o .— (V . 88 , p. 159, 232.)
on P a m lico S o u n d , 40 m iles, c o m p le te d J a n . 1909. M a jo rity o f s to c k
T I D E W A T E R & W E S T E R N R R — O w ns B e rm u d a t o F a rm v llle , V a ., o w n e d b y th e A t la n t ic C oast L in e R R ., w h ich guaran tees the b o n d s, p rln .
89 m .; b ra n ch es, 3 m .
V . 81, p . 21 2 . S to c k a u th o riz e d , $ 50 0,00 0; o u t­ & ln t. B on d s are Issu able at $18 ,000 per m ile, In clu din g $1,000 f o r e q u ip .
s ta n d in g , $30 0 ,0 0 0 ; p a r, $100. B o n d s (V ir g in ia T ru st C o ., R ic h m o n d , V a ., V . 84, p 1249; fo rm o f g u a r a n ty ., V . 85, p. 347 .
tru s te e ), see table on a p rece d in g page.
W A S H I N G T O N C E N T R A L R Y . — {See M a p s N orth ern P a c i f ic .) — O wns
E A R N I N G S .— 2 m o s .,'1 190 9.......................G ross,
$13 ,041 ; n e t,
$2,304
r o a d , C h en ey t o C ou lee C ity , W a s h ., 109 m iles; bra n ch fro m C ou lee C ity
J u ly 1 t o A u g . 3 1 .
J 1 9 0 8 ____________ G ross, 11,671;
n et,
736
t o A d ria n ,
21 m iles: to t a l. 130 m iles.
R e o r g a n iz a tio n In J a n . 1 89 8.
Y e a r e n d in g Jun e 30 1009, gross, $74,362; n et a fte r ta x e s, $1,718; ln t. L ea sed In 1898 t o N o rth e rn P a cific fo r 999 ye a rs a t rental s u fficie n t t o p a y
ch a rge, $12,377 (o f w h ich $377 p a id ); b a l., d e f., $10 ,6 5 9 .
In 1907-08, Interest o n 5 0 -y e a r g o ld 4s, to be Issued a t $15 ,000 p er m ile .
(See V . 6 6 .
gross, $ 88 ,081 : n e t, (ln cl. “ o th e r In co m e ” , $ 6 ,4 7 9 ), $ 9 ,0 2 5 .
P res., T . F . p. 953.)
N or. P a c. ow n s en tire $1,0 0 0 ,0 0 0 s t o c k .— (V . 6 7 , p . 691.)
JeHress; S ec. an d T r e a s ., G . M . W ils o n , iR Ich in o n d , V a .— (V . 85, p . 805.)
W A S H IN G T O N
C O U N T Y R Y . — O w ns W a s h in g to n J e t ., o n the Maine
T O L E D O S A G IN A W & M U S K E G O N R Y .— F ro m M u skegon , M ich ., to C en tral R R ., n o rth e a ste rly t o C alais, M e ., 103 m iles; b ra n ch t o E a s tp o rt,
A sh ley , M ic h ., 96 m iles. T h e G rand T ru n k o f C anada ow ns the $ 1 ,600,000 16 m iles, an d P r in c e to n , 20 m iles— to t a l, 139 m iles.
V . 7 7 , p . 2340.
s to c k ; b o n d s h a ve a t r a ffic g u a ra n ty .
V . 71, p . 85; V . 72, p . 338.
T h e M aine Central ow ns th e $ 2 ,5 0 0 ,0 0 0 s t o c k an d gu aran tees th e b o n d s,
Y ear en d in g .
G ross.
N et.
Interest. Oth. Chgs.
D eficit. p rin cipa l an d interest, b y e n d o rs e m e n t, b u t road Is op e ra te d In depen den tly.
Jun e 30 1 9 0 8 ...$ 1 3 5 ,8 7 7
o p . d e f. $17 ,473
$83,100
$12,156
$112,729
B on d s are Issuable a t $20 ,000 p er m ile , be in g s u b je c t t o call a t p ar and
— (V . 71, p . 31, 85.)
ln t . Jan . 1 1924. F o r y e a r e n d . Ju n e 30 1909, to ta l o p e r. r e v e n u e , $48 3,73 3;
T O M B IG B E E V A L L E Y R R .— Silas, A la ., t o N an ah u bh ad L a n d in g, on
net o v e r ta x e s , $11 4 ,4 1 3 ; o th e r In com e, $ 1 ,4 1 2 ; ch a rge s, $96 ,211 ; Im p ro v e­
the T o m b lg b e e R iv e r , 63 m iles; e x te n sio n u n d e r co n s tr u c tio n trom Silas m e n ts, $40 ,7 8 9 ; b a l., d e f., $ 21 ,175 .'— ( V . 8 7 , p . 679: V . 8 9 . p . 722.)
n orth t o B u tler, 25 m iles. S to c k Is lim ited t o $10,000 per m ile , all c o m m o n ;
W A S H IN G T O N
& F R A N K L IN
R Y .— H a g e r s to w n , M d ., t o Q u in son ia ,
$52 0,00 0 ou ts ta n d in g .
O f the b o n d s , $ 1 ,0 0 0 ,0 0 0 are Issuable a t $5,000 per
m ile an d the rem ain in g $ 200,000 fo r e q u ip m e n t an d term in als a t $ 1,000 P a ., 14.37 m iles; w as b u ilt In 1898 an d e x te n d e d fro m Q u in so n ia t o Zum p er m ile a fter earnings are m ore th an d o u b le th ose a t the tim e o f the m ak in g b r o , 5 m . L ea sed to W e ste rn M d . fo r ln t. o n b o n d s an d 5 % on $15 0,00 0
o f th e m o r tg a g e .
In A p ril 1906 $42 5,00 0 b o n d s had been s o ld .
V. 82 s t o c k . R e a d in g T r . C o . Is m tg e . tru ste e .— V . 7 3 , p. 392.
p . 80 6 .
F or 12 m os. en d in g Ju n e 30 1909, gross, $ 81 ,320 , a g ain st $62,158
W E A T H E R F O R D
M IN E R A L
W E L L S
&
N O R T H W E S T E R N
R Y .—
In 1907-08; n et, $ 2 8 ,1 3 3 , a gain st $16 ,048 .
F or 2 m o s. e n d in g A u g . 31 1909, O w n s W e a th e r fo rd v ia M ineral W ells to O ra n , T e x ., 39 m iles. S to c k .
$10 0 ,0 0 0 . T h e T e v a s & P a cific gu aran tees the b o n d s ($ 1 ,3 5 4 ,0 0 0 a u th ­
gross, $12 ,6 2 1 , a gain st $10 ,057 ; In 1908; n e t. $ 4 ,1 6 0 , a gain st $ 3,454.
orized Issue), p rin cip a l and Interest, b y en d o rse m e n t.
V . 7 5 , p . 908 , 1356.
P res., J . T . C och ran e; S e c ., C. P . D u k e , F a irfie ld , A la .— (V . 8 2 , p . 806.)
F o r y e a r e n d in g Ju n e 30 1908, gro ss, $14 8 ,4 9 4 ;
T R A V E R S E C IT Y L E E L A N A U & A 1A N IS T IQ U E R R .— O w n s H atch s See fo rm . V . 7 8 , p . 344.
t o N o rth p o rt, M ic h ., 24 m iles; tra ck a ge T ra ve rse C ity to H a tch s, 6 m iles; n et, $74,486; o th e r Inc., $2,114; ch arges, $40 ,984 ; lm p r’ ts, $ 7 ,420: b a l ., su r .,
to ta l, 30 m iles.
A reorg . S e p t. 19 1008.
V. 86 , p. 975; V . 87, p . 814. $2 8 ,1 9 6 . P re s., G . J . G o u ld ; S e c. & T r e a s ., J. W . B o o t .— (V . 78, p . 344 .)
T h e G rand R a p id s & In d ia n a ow n e d $75 ,000 o f the $27 8,00 0 b o n d s ot the
W E S T V IR G IN IA & P IT T S B U R G H
R R . — (See M a p Halt. & O h io .)—
old c o m p a n y .
S to c k a u th o r iz e d , $27 8 ,0 0 0 .
N o b o n d s M ch . 1909. F o r C larksbu rg, W . V a ., to R lc h w o o d , W . V a ., 120 m iles, w ith b ra n ch , 6 m iles;
y ea r en d in g D ec. 31 1908, gross, $38 ,679 ; n e t, $ 7 ,317; ch arges, $ 9 ,569; a lso fro m W e s to n , v ia B u ck h a n n on t o P ick e n s, 50 m iles; t o ta l, 176 m iles.
Leased to reorgan ized B . & O . fo r 999 ye a rs fro m S e p t. 1 1899, p er plan in
b etterm en ts , $3,490; b a l., d e f ., $ 5 ,7 4 2 .— (V . 8 7 , p . 814.)
V . 67, p . 1310, for 4 % o n th e m tg e ., all e x c e p t $10 ,000 b o n d s being stam ped
T R A V E R S E C IT Y R R .— O w ns ro a d fro m W a lto n t o T ra v e rse C ity,
M ic h ., 26 m iles; o p en ed In 1872.
L eased In 1883 to G rand R a p id s & w ith agreem en t re d u cin g the Interest fro m 5 to 4 % ; o p t io n t o retire b o n d s at
V . 6 9 , p . 439 , 646. C o m ., $ 2 ,5 0 0 ,0 0 0 , an d p r e f.,
In d ia n a R R ., b u t n ot Inclu ded In the reorgan lzaton o f th a t c o m p a n y In par e x p ire d S e p t. 1 1904.
1896. T h e G rand R a p id s & In d ia n a has a cq u ire d n early a ll the $205,000 $ 9 0 0 ,0 0 0 , all d e p o s ite d b y B . & O . u n d e r Its o w n P itts . L . h . & W . V a.
M tge. co v e rs road an d e q u ip , an d 134,842 acres o f tim b e r ,
s to c k an d all the $19 0,00 0 o f 5 % Incom e b o n d s: V . 78, p . 1448. F o r S y ste m m tg e .
y ea r en d in g D ec. 31 1908, gross, $38,679; net, $7,317: ch arges, $ 9 ,569, b e t ­ co a l an d m ineral lands In W e s t V irg in ia .— (V . 71, p . 810.)
term en ts, $ 3,490; b a l., d e f., $ 5 ,7 4 2 .— (V . 87, p . 814 .)
W H I T E P A S S & Y U K O N R Y . — S e e Issue o f J u ly 1 9 00.
T R I N I T Y & B R A Z O S V A L L E Y R Y .— O w ns C leburne t o H o u s to n , T e x .,
W IL M IN G T O N
& N O R T H E R N R R . — (S ee M a p s Heading Sgstem .) —
236 m . T ea g u e t o W a x a h a c h le , 67 m .; tra ck a ge rig h ts, C leburne to F o rt O w ns W ilm in g to n , D e l., to H ighs J e t ., P a ., 72.14 m iles; bran ch es. 17 m iles,
W o r t h , T e x ., 28 m iles; H o u s to n to G a lv e sto n , 58 m ., an d fro m W a x a ­ to ta l o w n e d , 89 .0 5 m .
G eneral m tg e . b o n d s are reserved t o retire 1st m tge.
hachle t o D allas, 31 m . T o t a l, o p e ra te d 422 m iles.
V . 83, p. 695 , 1172. a t m a tu r ity . T h e R e a d in g C o. o w n s p r a c t ic a lly the entire $1 ,o 0 0 ,0 0 0 c a p i­
T h e C o lo r a d o S ou th ern an d R o c k Island C o. each o w n h alf Interest In s to c k
tal s t o c k , w h ich Is d e p o s ite d u n d er Its c o ll tru st m tg e .
1 he road Is leased
(th e R o c k Is la n d ’s Interest be in g s u b je c t t o the lien o f the C o lo ra d o & S o u th ­ t o th e P h ila . & R e a d . R y . fo r 999 years fro m F e b . 1 1900 fo r ln t. on b on d s
ern m t g e s .), a n d th e C o lo ra d o & S o u th e rn R y . C o. an d the C h ica g o R o c k an d 3 H % d lv . on s t o c k , p a y a b le q u a r. (Q .-F . 1 5 ).— (V . 80, p . 18o8.)
I . & P a c. tty. C j . h a v a gre d to a d v a n c e to the T r ln . & B r. v a l. a n y
W I N O N A B R I D G E R A I L W A Y — O w ns brid g e be tw e e n W in o n a , M in n .,
n ecessary fu n d s n ot oth erw ise p r o v id e d fo r .
T h e C h ic. R . I . & P . R y . C o.
Leased fo r 30 years
has also agreed t o p a y fo r , o n M ay 1 1935 (d a te o f m a tu r ity o f C ol. & S ou . an d B u ffa lo , W ls ., 1.03 m iles; o p e n e d S e p t. 1 1891.
r e fu n d in g anil e x te n s io n m t g e f), o n e -h a lf o f the 1 st m tg e . b o n d s an d o th er t o C h ica g o B u rlin g to n & Q u in cy a n d G reen B a y & W e s te rn , the fo rm er,
It w as r e p o r te d , a c q u ir in g a b o u t tw o -tld rd s an d th e la tte r th e b a lan ce o f
securities Of the T r . & B. V . R y .
V . 80, p . 1423, 2622; V . 82, p . 930 , 986.
O w ns o n e -q u a rte r Interest In H o u s to n B elt & T e r m . R y . a n d p ra ctica lly $40 0 ,0 0 0 s to c k ; p ar $10 0. Y e a r e n d in g Ju n e 30 1908, n e t, $ 33 ,001 ;
lnt. o n b o n d s, $ 19 ,200 ; ta x e s , $ 2,972; b a l., s u r ., $ 1 0 ,8 2 9 .— (V . 77, p . 2 5 2 .;
en tire s to c k o f G a lv eston T e rm . R y .
S to c k , $60 0,00 0; par, $100.
In A u g. 1905 m ade a new first m tge. to
WI SCONSIN & MI CH IG AN R Y . — O w ns fro m Q u ln n esec, M ich ., t o Peshsecure 3 0 -yea r 6 % b on d s d u e 1935 at $30,000 per m ile, all t o be de p o site d t lg o , W ls ., 73 m iles; tr a c k a g e . 8 m .
In M ay 1904 lo g g in g ra llw y P e m b in a .
as issued u n d er C ol. & S o u th , r e fu n d in g m o rtg a g e ; o u ts ta n d in g June W ls ., w e ste rly 42 m ., w as p u rch a s e d .
V . 78, p. 201 3. F ro m P e s h tlg o cars
1908, $ 8 ,7 6 0 ,0 0 0 . Certs, o f In debtedness t o C ol. & S ou th ern June 30 arc ta k en b y L a k e M ichigan Car F e rry T r a n sp o rta tio n C o . t o C h ica g o.
1908, $49 0,08 3, to w h ich was also d u e fo r c o n s tru ctio n a d v a n c e s , $380,000. S t o c k , $ 9 5 1 ,5 0 0 : a u th o riz e d Ju n e 1905 to be Increased t o $ 5 , 000 , 000 ; par,
T h e 5 % eq u ip m en t b o n d s o f 1907, s u b je c t to call a t 101, m ature $25,000 v a lu e , $100; cu rre n t liab ilities Ju n e 30 1908, $ 1 ,7 7 1 ,9 9 0 .
L a st c o u p o n o a
s em l-an u ally, and are gu ar. Jointly, p. & 1., b y the C ol. & S o u . and Chic. 1st m tg e . b o n d s p aid w as th at m a tu rin g J u ly 1 1898. Y e a r 19 0 7 - 08 , gross,
R . I & P a c. R y .
V . 8 4 , p . 5 0 9 .— (V . 86 , p . 287 , 1161.)
$22 6 ,4 3 0 ; n e t, $43 ,165 ; o th e r In c., $10 ,412 ; ln t ., ta x e s , & c ., $ 13 4,68 3; b a l.,
P r e s ., J . P . H o p k in s , C h ic a g o .— (V . 81, p . 842 .)
U N IO N S P R IN G S & N O R T H E R N R Y .— O w ns U n io n Springs to F o rt d e f., $ 8 1 ,1 0 6 .
D a v is , A la ., 714 m iles.
B on ds are s u b je c t t o call since M ay 1 1906 a t
W IS C O N S IN A 1 IN N E S O T A &
P A C IF IC
R R . — (.See M a p C hicago G r e a t
105: In tern a tion a l T ru st C o ., o f B a ltim o re Is m tg e tru stee. V . 76, p. 753.
W e ste r n .)— R e d W in g , M in n ., to M a n k a to , 95.7 m iles; R e d W in g to Osage*
Y e a r e n d in g Jun e 30 1908, gross, $23 ,914 ; n e t, $ 5,889; ch arges, $5,855; l a . , 118.2 m .: bra n ch to C lay B a n ks, 2.9 m .; W in o n a to S im p s o n , M in n ..
b a l., s u r ., $34.
P res., W . M. B lo u n t, U n ion S p g s., A la .— ( V . 76, p. 753.)
54.2 m .: t o ta l, 271 m iles. S t o c k , $ 5 ,8 9 3 ,4 0 0 ; all o w n e d b y th e C h ica g o
U T IC A C L IN T O N & B IN G H A M T O N R R .— O w ns U tic a , N . Y ., t o G rea t W e ste rn R y ., w h ich c o m p a n y o p e ra te s the road ns a p a rt o f Its sy stem
R a n d a llv llle , N . Y . , 31 m iles.
Leased d u rin g co n tin u a n ce o f charter u n d e r an a g re e m e n t d a te d A p ril 1 1901, ru n n in g fo r 100 y e a rs , p r o v id in g
an d renew als th ereof to D elaw are & H u d so n C o m p n a y , w h ich p a y s rental th a t all n e t earnings a b o v e Interest o n b o n d s shall g o to the G rea t W e ste rn ,
o f $61 ,5 0 0 p er an n u m .
O p era ted b y N . Y . O n ta rio & W e ste rn . T h e to be h eld In trust fo r p a y m e n t o f fu tu re c o u p o n s . T h is su rplu s o n Ju n e 3 *
street lines ow n ed (10 m iles) are leased t o U tica & M oh aw k V a lle y R y . 1908 a m o u n te d to $ 4 9 9 ,2 3 9 . V . 7 3 , p . 566.
fo r $15,000 per a n n u m . C apital s to c k , $84 9,28 5 (par $10 0 ), divid en d s
E A R N I N G S .— 12 m o s .,1 1 9 0 8 -0 9 ............... G ro ss, $68 8 ,5 6 0 ; n e t, $ 1 9 3,36 9
on $20 0,00 0 o f w h ich are gu aran teed b y D el. & H u d son at 5 % per ann um ;
J u ly 1 t o Ju n e 3 0 .
J1908......................G ross,
619 ,0 8 2 ; n e t,
154,461
ba la n ce, v a r ia b le — 3 % % 1898 t o 1909, ln c l.— (V . 88 , p. 232 , 376 .)
R E P O R T .— In 1 90 7-0 8, gro ss, $ 61 9,08 3; net In co m e , $18 1 ,1 5 2 ; ln t, a a 4
V E R A C R U Z & IS T H M U S R R .— O w ns fro m C o rd o b a , o n the M exican I
R y .. te S an ta L u cretla , 203 m iles, o n th e T e h u a n te p e c N ation a l R y ., ta x e s , $ 25 7,19 1; b a l., d e f ., $ 7 6 ,0 3 9 .— (V . 81. p. 213; V . 8 4 ,lp .I 6 9 4 .)




NEW YORK AND BROOKLYN TRUST COMPANIES.

NEW YORK AND BROOKLYN BANKS.
Capital.
C om pa nies.
Par

A m o u n t.

Surplus &
undivided
profits b P eriod

D ividends.
1908. 1907.

Latest.

%
$
$
$
____ C ct. '0 9 .
2
8
316 ,800 Q — J
300 ,000
100
Z5 lu ly ’ 09. 13
26
100 1,500,000 5,674,100 r A J
5
10 N o v .’ 09.
10
100 5 ,000,000 5,220,000 \t A N
146,500 Beg bus N o v 1904 V. 8 0 , p . 99
200,000
B a ttery Park 100
3
12 A u g .'0 9 .
12
811,700 Q — F
250,000
100
J’ n e30’ 09. 10
50Z
65,600 1 & D
150.000
100
211,200 Deg bus O ct 1907. V . 8 5 , p.1121
2 0 0 ,0 0 0
100
116,300 Deg bus Sept 1907, V . 85, p . 5 /5
200,000
100
6 July '0 9 .
3
6
148,000 I & J
300,000
B u t. A D r o v . 25
3 O ct. ’ 09. 1 Yt
3
154,400 q - j
200 ,000
100
3
6
n3 J u ly '0 9 .
6,685,100 I & J
100 5,0 0 0 ,0 0 0
W16 w l6 O ct. '0 9 . 4w
450 ,000 1,025,000 Q - J
25
-- - - -188,200
200 ,0 0 0
to o
9
J
15
12 yi N o v .'0 9 . 2Vi
100 3 ,0 0 0 ,0 0 0 6,059,100 B i-m o .
6 O ct. ’ 09. 1 H
r7 i
100 2,5 5 0 ,0 0 0 1,508,600 Q - J
8 N o v .’ 09.
5
10
2 5,000.000 29,046,900 M A N
C ity ............... 100
6 O ct. ’09. 1 Yt
8
i/305,200 Q - J
100 1/1.000,000
018 O ct. '0 9 . 2 H
(725
283,500 Q — J
400 ,000
100
12 J u ly ’ 09.
6
12
452,900 J A J
300 ,000
100
8 O ct. ’ 09.
2
8
t o o 2 5.000.000 15,594,500 Q — J
____ ____ A u g .1 6 ’ 09. 2
100 2,0 0 0 ,0 0 0 2,734,300 Q — F
4
14 N o v .’09.
r20
3,0 0 0 ,0 0 0 5,310,900 Q — F
C orn E x c h .a . 100
9,500
100,000
C osm op oll’ n a 100
3
6 J u ly ’ 09.
6
103,700 I & j
250,000
25
37,400 Beg bus S e p t 1907, V . 85, p . 696
ClOO.OOO
100
3
6
____ N o v . ’ 09.
164,300 M * N
200 ,000
F id elity a ___ 100
3
19 O ct. ’09.
12
474 ,400 Q — J
250,000
F i f t h ............... 100
«>r,0 «250 O ct. '0 9 . 25
100,000 2 ,055,500 Q — J
F ifth A v e a . . 100
5
32 O ct. '0 9 .
29
F irst ________ 100 1 0 ,000,000 19,023,900 Q — J
O ct. ’ 09.
3
—
3
F irst S ecu rity 100 10,000,000
Q— J .
3
10 A u g .’ 09.
6 Vi
331 ,000 F & A
14th St a ____ 100 1,000,000
2
7 O ct. ’ 09.
no
100 3,0 0 0 ,0 0 0 3,3 2 4 ,7 0 0 Q - J
6
12 O ct. '0 9 .
12
G a lla tin ........... 50 1 ,000,000 2,468,400 A & O
20 S e p .3 0 ’ 09. 3
12
G a rfield .......... t o o 1,000,000 1,148,800 Q — M
3
6 A u g .'0 9 .
6
649,700 F & A
750 ,000
75
18 J u ly ’ 09. 10
20
886,100 J & J
200,000
100
■id
20 N o v .’0912 J
20
200,000 1,040,400 M & N
100
10 N o v .’ 09. 2M
10
779,700 Q — F
500,000
G reen w ich a . 100
16 O ct. ’ 09.
4
16
100 3 ,0 0 0 ,0 0 0 10,922,200 Q — J
112,900 B eg bus D e c 1907, V . 85, p .1436
2 0 0 ,0 0 0
100
10
20 J u ly ’09.
20
1,500,000 7 ,415,900 J A J
Im p . A T r a d . 100
In v o lu a ta r y 1 iqu ld atlon V. 8 6 , p .1137
200,000
100
5
13 M ay ’ 08.
5
113,000
500,000
100
____ O ct. ’ 09.
2
8
2,0 0 0 ,0 0 0 1,441,400 Q — J
Irv . N at. E x . 100
5
10 J u ly '0 9 .
10
657,700 J & J
500,000
Jefferson a ___ 100
5
20 O ct. ’ 09.
25
100 1,000,000 2,615,200 Q — J
2
x l d A u g .’ 09.
Oi)
L i n c o l n _____ 100 1 ,<>00,000 1,373,800 Q — F
6
14 J u ly ’ 09.
14
M anhattan a . 50 2 ,050,000 4 ,088,400 J & J
3
10 r l 2 Y O ct. '0 9 .
M kt. A F u lt . 100 1,000,000 1,671,500 Q — J
3
r 14 O ct. ’ 09.
12
M echanics’ . . 100 3 ,0 0 0 ,0 0 0 3 ,767,300 Q — J
O ct.1 5 ’ 09.1 yi
2
n
M ercantile
100 3,0 0 0 ,0 0 0 2 ,564,500 Q - J
3
6 J u ly ’ 09.
6
532,000 J & J
600,000
M erch. E x c h - 50
7 J u ly '0 9 . 3 H
7
50 2 ,000,000 1,642,100 J & J
4
16 A u g .'0 9 .
16
M etropolis a . 100 1,000,000 2,006,900 Q — F
4 O ct. '0 9 .
2
6
100 2 ,000,000 1,395,200 Q — J
8 N o v .'0 9 . 2M
8
283.800 Q — F
250,000
100
4
8 J u ly '0 9 .
8
322 ,300 J & J
200,000
100
4
8
8 M ay '0 9 .
465 ,800 M A N
500,000
50
_______ ____ ____ UCt. '0 9 . 2 yi
258,400
200,000
to o
14 J u ly '0 9 .
7
14
100 2 ,000,000 3 ,374,400 J & J
/5 0 J u ly '0 9 . 20
40
500 ,000 1,598,300 J & J
100
214,200 B eg bus M ay 7 ’ 06 V . 8 2 . p .1016
200,000
N igh t A D aya 100
10 O ct.3 0 '0 9 1 H
436,300 d ’th ly 11 M
300 ,000
i
19th W ard a . 100
229,100
7 0 0 .0 0 0
100
N orthern a
2
10 N o v .'0 9 .
10
898,900 Q — F
500.000
50
P a clflo a ____
4
16 O ct. ’ 09.
16
P a r k ............... 100 3,0 0 0 ,0 0 0 9 ,750,200 Q — J
12 J u ly ’ 09.
5
10
475,400 J & J
200,000
P eop le’ s a ___ 25
3
6 N on e J u ly ’ 0 9 .
657,900 J & J
P h c n l x ______ 20 1.000,000
20 J u ly ’ 09. 10
20
410 ,600 J & J
100,000
P laza a ______ 100
8 O ct. ’ 09.
4
8
738,700 A & O
P rod . E x . a . . 100 1,000,000
105,400 (egan b usln c ss An rll 22 1908
100,000
1’ ib llc a ______ 1 0
6 J u ly 15 ’ 09. 3
6
608,600 J & J
f i l e s e r v e ____ 100 ) l ,2 0 0 ,00fl
3
6
6 J u ly ’ 09.
41,200 J
& J
100,000
R o y a l a _____ 10C
6
6 J u ly '0 9 .
5
S e a b o a r d ____ 10C 1,000,000 1,765,300 J & J
12 O ct. '0 9 .
3
r l5
Q -J
S econ d _____ 10C 1 ,000,000 1,845,400
61,000 B eg bus N o v 1907 V . 85, p .1184
200,000
S h e r m a n ____ IOC
5
10
05 J u ly ’ 09.
825,400 J & J
S ta te . a _____ 10C 1.000,000
2
6 July ’0 9 .
5
115,200 J & J
200,000
12th W a rd a . toe
61
18 A u g. '0 9 .
3
95,400 F & A
1200,000
10C
5 J ’ n e 3 0 ’ 09. 5
934,400 J A E
10
10C 1.000,000
In volu ita ry
Iquld a tlon V . 86, p .1076
10 0 ,ooc
U S E x a ____ to o
____ ____ O ct. ’09.
2
243,100
100.00C
to o
Q— J
6
12 J u ly ’ 09.
12
C
20 0 , 00 c 1 ,1 3 0 ,OO J & J
10C
14 J’ ne 30 ’09.10
16
100,000
456,000 J & J
Y o rk v llle a . . 100

Par

N ew Y o rk .

B ro o k ly n .
B orou g h a .
B roa d w a y a_
B rook lyn a . .
C i t y _________
C on ey I s l’ d a
F irst.................

100
lot
5<
5(
___
101
10C
10C
30
M an u fac’ rs’ .
51
M echanics’ a
M ontauk a . . IOC
Nassau .......... 10(
N orth S ld e .t 101
10(
10(

200,000
2 0 0 ,00(
3 0 0 ,O C
O
300.000
100.000
300.000
100.000
200,000
252,000
1,000,00(
100,001
750,000
P200.00C
200.00C
100,001
2 0 0 ,00C
10 0 ,ooc
10 C
10 C 1,000,001

162,800
5 3 1 ,30(
111,00(
593,800
48,600
560,000
50,200
58,300
787,600
9 2 7 ,70(
67,30(
949,000
139,700
104,700
63,000
50,000
18,100
7 8 6 ,40C

6
J & J
14
J A .
J A .
14
J & ,
B eg bus A u g l
Q— J
2
Q— J
2
14
Q— J
J & ,
12
_
___
2
12
Q— J
J A .
pO
B eg but A u g
6
Q— J
B eg bus M ’ y 2
Beg bus D ec
R esum e d bus

6
14
7
14
0 ’ 09
16
2
15M
12
12
7
1908
3
7 ’ 09
1905
Incss

J u ly '0 7 .
3
J u ly ’ 09.
7
J u ly '0 7 . 3 M
J u ly ’ 09.
7
V . 89, p . 387
O ct. '0 9 .
2
Jan. ’ 08
2
A u g .’ 08.
2
O ct. ’ 09.
4
Ju ly ’ 09.
6
J u ly ’ 09.
2
O ct. '0 9 .
3
Ju ly ’ 09.
3
V . 87, p . 454
O ct. ’09. 1 Y
V . 88, p.l35C
V . 81, p.1766
A u g .17 1908

• U n lo n .a . .
a S ta te b a n k , b S e p t. 1 1900 fo r n ation a l an d S e p t. 14 1900 fo r S tate
b a n k s, c C a p ital to b e Increased to $200,000 a n d n am e ch an ged to S e cu rity
B a n k . V . 8 7 , p. 1 2 1 3 ; V . 8 8 , p . 135. U In clu d e s 3 % regu lar a n d 2 0 % e x ­
tra . e S p ecial d iv id e n d s w ere p aid as fo llo w s: 1 2 5 % J u ly 1 1909; 1 00 %
J u ly 1 1908; 1 5 0 % J u ly 1 1007. f C a pital in crea sed fro m $200,000 to
$ 50 0,00 0; V . 84, p . 1217, an d a sp e cia l eq u a lizin g d iv id e n d o f 1 5 0 % d e ­
cla red to h olders o f r e co rd J u ly 15 1907. g D iv id e n d s In 1908 an d 1007
w ere o n o ld c a p ita l o f $ 10 0,00 0. h P a id in 1908, 8 % in F e b . o n o ld ca p ita l
($500,000) a n d 6 % (2 % q u a rte rly ) o n n ew c a p ita l ($ 1 ,0 0 0 ,0 0 0 ). i F o r ­
m erly th e C on solid a te d N a tion a l B a n k .
N am e ch a n g e d In M arch 1909
a n d assets o f O rien tal B ank p u rch a se d . C a pital Increased fro m $1 ,0 0 0 ,0 0 0 .
V . 88, p . 203 , 3 4 5 , 4 8 1 ,6 0 3 .
I C a p ital in crea sed fro m $ 10 0,00 0, a d iv id e n d
o f 1 00 % b e in g paid O c t . 1 1908, this to a p p ly as p a y m e n t fo r the new s to c k .
V . 86, p . 78 8 . n D iv id e n d p aid In 1907 Is o n the Increased c a p ita l, a 4 0 0 %
cash d iv id e n d h a v in g b e e n p aid D e c. 12 1906, this course be in g a d o p te d as
a m eans o f in crea sin g the c a p ita l fro m $ 1 ,0 0 0 ,0 0 0 to $5,000,000 ; see V . 83,
p . 1565, 1266, 1204. o In 1907 paid 5 0 % In Jan . o n capital as u n ch a n ged
($100,000) a n d 5 % In J u ly o n Increased c a p ita l, the sto ck h o ld e rs In A u g .
1906 h a v in g ratified th e p ro p o s itio n to Increase th e capital from $ 10 0,00 0,
th e new ca p ita l to b e p ro v id e d b y th e d e c la r a tio n o f a 9 0 0 % d iv id e n d fro m
surplus and u n d iv id e d profits: see V . 84, p . 33; V . 8 3 , p. 1147, 410 , 246, 70.
v C apital Increased to $ 20 0,00 0, a s to c k d iv id e n d o f 1 0 0 % b e in g p aid S e p t. 1
1908; V . 8 7 , p . 454 , 389; V . 8 6 , p . 199.
r In crease d u e to ch a n g e In d iv i­
d en d p e rio d , f E x tra 1 % ea ch p aid In F e b . a n d A u g . 1907. v T h e M e­
ch an ics A T ra d ers’ B ank o f N . Y . w as re o rga n ize d and n am e ch a n g e d to
th e U nion Bank o f B r o o k ly n . See V . 8 7 , p . 454 , 389 , 322. w S ta te ta x Is
p a id b y s to ck h o ld e rs, w h ich re d u ce s the d iv id e n d to a b o u t 1 3 % per a n n u m .
x A lso p aid a d iv id e n d o f 66 2 -3 % fro m su rplu s a n d u n d iv id e d profits In
J a n . 1907. V C apital Increased fro m $ 5 0 0 ,0 0 0 , a cash d iv id e n d o f 100 %
b e in g d ecla red o u t o f surplus to a p p ly as p a y m e n t to w a rd new s t o c k .
V.
6 9 , p . 140. k P a y a b le In s to c k




C a pital.

C om p a n ies.

N. Y . C ity .

A s to r _______
Bankers’ ____
B road w ay . .
O a r n e g le ____
C e n t r a l______
C o l u m b i a ___
C o m m e rcia l .
C o m ’ n w ea lth .
E m p i r e _____
E q u it a b le ___
F arm . L .& T r .
F i d e l i t y ____
F ifth A v e n u e
F u lt o n _______
G u a r .T r .N .Y .
G u a r d i a n ___
H u d son ____
Ita lla n -A m e r.
K n lc k e r b ’ k ’ r
L a w .T . I . A T .
L i n c o l n _____
M an h a ttan . .
M erca n tile . .
M e tro p o lita n
M o r t o n _____
M u t. A llia n ce
N .Y .L f.I .A T r .
N ew Y o r k ___
S t a n d a r d -- T itle G u .& T r.
T r. C o. of Am
U n i o n _______
U. S. M. & T r
U n ited S tates
V a n N o rd e n .
W a s h in g to n W i n d s o r ____

Brooklyn.

A m ou n t.

$

S u rplus &
undivided D ividends paid in 1907 and 1908
and also last dividend.
profits on_
tUdtk€t tCll.
Sept 14 '09 P e r io d . 1908. 1907. Last pa id , %

$

$

804 ,100
100 1.2 5 0 .0 0 0
100 o l . 000.000 2,073,200
432,300
700 .000
100
100 1 .500,000 1,029,700
100 p.D.000.000 15,608,400
100 1 , 000,000 1,554,900
295,100
500,000
100
368 ,800
250,000
100
100 (71.000.000 1,125,000
100 3 ,0 0 0 ,0 0 0 11,056,800
25 1 ,000,000 6,472,800
921,600
750 ,000
100
100 1 , 000,000 1,969.100
850,400
500 ,000
100
100 2 ,000,000 8,591 ,500
513,500
100
500 ,000
690 ,900
100
500 ,000
53,200
100
500 ,000
100 e l , 200,000 1,562,500
100 4 ,0 0 0 ,0 0 0 6 ,195,300
100 1 , 000,000
518,200
30 1 ,000,000 2,465,600
100 2 , 000,000 7 ,386,300
100 2 , 000,000 8,1 5 3 ,0 0 0
100 2 , 000,000 7,954,400
100
d 70 0,00 0
417,300
100 1 ,000,000 4 ,464,500
100 3 ,0 0 0 ,0 0 0 10,836,000
100 1 , 000,000 1,538,700
100 4 ,3 7 5 ,0 0 0 9 ,625,900
100 2 ,000,000 6 ,446,200
100 1 ,000,000 8,2 9 4 ,9 0 0
100 2 ,000,000 4 ,5 9 9 ,6 0 0
100 2 ,000,000 1 3 ,720,200
100 1 , 000,000 1,125,900
500,000 1,314,400
100
561,800
100 1 ,000,000

Q— F
Q —J
Q—F
th ly
Q— J
Q— M
B eg bus
Beg bus
J & J
Q— M
Q _F
J A D
Q— M
J & J
Q— M
Beg bus
J & J
J & J
J & J
Q— J
Q— M
J A J
Q— J
Q— M
Q— M
J & J
J & D
O— M
Q— M
g—M
Q—J
O— J
Q— M
J & J
M’ th ly
Q— J
J A D

12

._

N ov
J u ly
N ov
O ct
O ct
Sept

16
hZ

8

’0*.
2
’ 09. 4o
'0 9 . 1 H
'09.2-371
’ 09.
9
30 ’0 9 . 2

(80
(80
____
N ov 1906.
A p r 1 ’02 V . 74. p . 657
6 July ’ 09.
(77
4
(6 S e p t 30 '0 9 . 5
(18
40
40 N o v ’ 09. 10
J u ly ’0 9 .
3
3
1 2 S e p t 3 0 ’ 09. 3
12
612 J u ly ’ 09.
5
10
20 S e p t 30 '0 9 . 5
20
A u g 1902. V . 75 p . 422
____
3 J u ly '0 9 .
3
____
4 J u ly ’ 07.
2
55 J u ly '0 7 . 25
12 O ct '0 9 .
3
a il
____
3
9 S ep t '0 7 .
6
12
1 2 J u ly '0 9 .
145
1 1 $ S ep t 3 0 ’ 0 9 . 5
24 S e p t 3 0 ’ 0 9 . 6
24
20 S ept 3 0 ’ 09. 5
20
8 Jan ’ 08. id
d4
C45 J ’ ne 10 ’ 09.20
f 45
32 S e p t 30 ’ 09. 8
32
10 S e p t 3 0 ’ 0 9 . 4
10
16
16 S e p t 30 ’ 0 9 . 5
2
40 O ct '0 9 . 2 ) i
50
50 O ct '0 9 .1 2 H
20
20 S e p t 30 ’ 09. 6
25
50
50 J u ly '0 9 .
CIO
CIO S e p t 30 '0 9 . 1
3
m l4 m l4 O ct '0 9 .
• J ’ ne 30 '0 9 . 3
6

20 O c t '0 9 .
5
’ 20
B r o o k ly n ____ 100 1 , 000,000 2 ,204,000 Q — J
___ S e p t ’ 09. 2 J i
175,300 M & S
500,000
C itizen s’ ____ 100
8 J u ly ’ 0 9 .
4
8
264,000 J & J
300,000
F la tb u sh ___ 100
14 J ’ ne 3 0 ’ 0 9 . 4
F r a n k lin ____ 100 1 ,500,000 1,567,800 J & J 1 1 K
10
10 N o v ’ 09. 2 H
959,200 Q — F
500 ,000
H a m i l t o n ___ 100
4 J u ly ’ 07.
2
313 ,200 J & J ____
750 ,000
H o m e _______ 100
12
12 N o v ’ 09. 3 K
500 ,000 1,923,700 Q — F
K in gs C ou n ty 100
12 O ct ’ 09. >3
12
2,183,200 Q — J
L . I. L . A T r . 100 1 ,000,000
8 N o v ’ 09. j 2
480,400 Q — F
N a s s a u ........... 100
6 00 ,000
12
N o v ’09. f 1
P e o p le ’ s ____ 100 1 ,000,000 1,622,300 M’ th ly .
1 1 2 O ct ’ 0 7 . ’ 2
8
181,600 Q — J
W illia m s b u rg 100
700 ,0 0 0
a D e cre a se d u e t o ch a n g e In d iv id e n d p e r io d . 6 2 % e x tr a w as p aid In
Ja n . 1907. c E x tr a d iv id e n d s o f 2 % e a c h p aid In D e c. 1907 a n d 1908; also
2 5 % In s to c k o f th e N in e te e n th W a r d B a n k o n D e c. 31 1908. d S to c k d iv i­
d e n d o f 4 0 % d e c la r e d fro m surplus In S e p t. 1908, In creasin g ca p ita l fro m
$ 5 0 0 ,0 0 0 .
(V . 8 7 , p . 84 9 , 655.)
e C a p ital to be In creased to $ 2 ,0 0 0 ,0 0 0 .
(V . 8 6 , p . 1702.)
f E x tr a 5 % p aid In b o t h D e c . 1907 an d 1908. g C a p ital
Increased fro m $ 5 0 0 ,0 0 0 , a s to c k d iv id e n d o f 5 0 % b e in g d e c la r e d t o h old ers
o f re c o rd N o v . 16 1908 In p a rt p a y m e n t th e r e fo r . ( V . 8 7 , p . 911 , 985 .)
h A d iv id e n d o f 3 % w as d e cla re d p a y a b le N o v . 6 1907 b u t re scin d ed ; n on e
d e cla re d sin ce, ( In clu d in g 1903 a n d sin c e , p aid 2 0 % e x tr a In M ay ea ch
y e a r , m ak in g 8 0 % p e r a n n u m . I U p o n a b a n d o n m e n t o f m e rger p la s,
a c c u m u la te d d iv id e n d s p aid as fo llo w s : E q u ita b le T ru st C o ., 9 % , M ay 2
1908; M erca n tile T ru st C o ., 3 0 % , M ay 5 1908.
(V . 8 6 . p . 1075.)
m in clu d e s e x tr a d iv id e n d s , 2 % e a c h , p aid Jan . 1907, J u ly 1908 a n d J u ly 1909.
n D e cla re d 8 % fo r 1909, p a y a b le In m o n th ly In stallm en ts, o C a p ital t o b e
in cre a se d to $ 3 ,0 0 0 ,0 0 0 and a sp ecial cash d iv id e n d o f $50 to be p a id . (V . 8 9 ,
p . 8 1 , 1 9 9 ,3 2 4 . p S to ck h o ld e rs In Ju n e 1909 ratified p ro p o s itio n to Increase
c a p ita l fro m $ 1 ,0 0 0 ,0 0 0 to $ 3 ,0 0 0 ,0 0 0 , a sp ecial cash d iv id e n d o f $200 bein g
d e c la r e d p a y a b le Ju n e 15. S ee V . 8 8 , p . 1290, 1411.
N E W

Y O R K

A N D

B R O O K L Y N

F IR E

IN S U R A N C E

C O M P A N IE S .

D ivid en d s.
N et su rp.
D ec . 31
1908. 1907. 1906. Last paid
1908.
P a r A m o u n t.
C a pital.

C om pa n ies.

C o m m o n w e a lt h ___
C o n t i n e n t a l _______
E m pire C i t y _______
F id e lit y ____________
G e rm a n -A m e r ic a n .
G e rm a n -A llia n ce . G e r m a n ia _________

$

$
500,000

100
100 1 ,000,000
200,000
100
100 1 ,000,000
100 1,500,000
400,000
100
50 1 , 000,000

15
H a n o v e r ___________ 50
H o m e _____________ 100
N a s s a u ____________ 50
N ia g a ra ____________ 50
N orth R i v e r _______ 25
P eter C o o p e r _______ 20
P h e n l x ____________ 50
S t u y v e s a n t _______ 100
U n ited S ta te s ______ 25
W e s t c h e s te r ----------- 10
W illia m sb u rg C it y - 50

$
9 01 .577
10316750
160,763
1 ,5 7 9 .6 7 0
5 ,467,354
516 ,933
1,509,442

10

45

8
6

10

45
7
____
30

10

45

J u ly ’ 09.
J u ly ’ 09

6 J u ly ’ 09.

%

6

30
4

____ J u ly ’09,
5
30 J u ly '0 9
15
12 J u ly ’ 09
6
15
u ly ’ 09 7 H
N on e N one N on e Jan ’ <>4.
3
150,000
4 J u ly '0 9
10
10
5
1 , 000,000 1,063.044
20 J u ly 09 12 K
20
20
3,000 000 9.8 8 2 ,8 2 2
10 J u ly 00.
134.373
10
10
6
200,000
10 J u ly 09. 10
20
20
750,000 1 ,569,456
10 O ct ’ 09.
358.694
10
10
5
350,000
10 Aug 08.
100,559
6
10
5
150,000
20 O ct ’ 09.
20
5
20
1,500,000 1,010.453
6 Jan 0 7 .
236.976 N on e
3
3
400,000
48,380 N o n e N o n e N o n e Jan 0 4 .
3
250,000
30 A u g 09
30
30
lt
300,000 1,1 1 3 .9 4 6
30 J u ly 09
634 ,487
20
10
20
250,000
30

12
12

12
12

OAS COMPANIES—SEE ALSO MISCELLANEOUS
C om pa n ies.

D ivid en d s an d Interest.
P a r. S ecu rities Interest
period . 1908. 1907. a D a te.
%
afloa t.

$
cB ln gh (N Y ) 1st M 5 s . - 1,000
G en M g5 s$ 2 ,5 0 0 ,0 0 0 op 1,000

$
750,000
91.000
2 ,750,000
5 ,500,000
1.500,000
1 ,000.000
971 .000
15,000
2 ,000,000
4,2 5 0 ,0 0 0
250,000
310,000
400,000
400 .000

5
5 A p ril 1 1938
A & O
5
ft O c t
A A O
1 1984
394
82. p
See V
Q -J
0
5 O c t l ’ 09. 1 H
P re f. c u m , $6,000,000
5
ft
1932
J A J
C o lu m G a s I s t M .g .,5 s
M o s tly o w n e d b y A m . L t .A T r .
C on G as (N J) S to c k —
ft
ft Jan
J A J
1 1936
Cons M . 5s, g o l d ____ c
J A J
6
6 Jan 15 1914
L Br L tg 1st M . 6s - N one N on e JulyS. 1900 z
50
In d ian ap olis G a s ----------Q -J
5
5 O ct
A A O
1 1952
1st M . 5s. $ 7 ,5 0 0 ,000g 1.000
O w ed b y
M ich L ig h t C o.
50
d ja c k (M ich) Gas S to ck
5
5 A p ril 1 1937
A A O
1st M , 5s, g o l d - .......... 1 .000
100
O w ned b y A mer
cM adison (W ls) G & E . .
L ight A T r a c
1 ,000
A A O
6
6 A pril 1 1926
1st M , 6 s, g o ld ---------100,000 A A O 10
6
D e b , s crip , g o ld , 6 % 25 A c
6 V 7 1 , p . 392
50
8
8 J u ly 1909, 4
800,000 J A J
M in neapolis G L , S to c k
6
6
1,000 3 .000.000 M A S
C on sol M 6 s, gold —
191 0 -1 9 3 0
5
5 Nov
1 1930
N ew M 5 s .$ 1 0 .0 0 0 ,000 1 000 2 .4 9 0 .0 0 M A S
10 N o v '0 9 , 2 H
10
100 2 ,000,000 Q — F
M unicipal G as ( A lb ,N Y )
R o c h e s t ’ r G as & E lectric — Se e "S tre e t R allw a y ” Se ctlo n
5
5 J u ly 1 1937
cS l J os (M o) 1 st M . 5 s . . 1,000 1 ,000,000 J A J
100 2,5 0 0 ,0 0 0 O w ned b y A m er. L ight A T r a c .
cSt P (M inn) G L S to c k
650,000 J A J
6
6 July 1 1915
1 st M , 6s, c u r r e n c y ___ 1,000
1,000
600,000 J A J
6
6 J u ly 1 1918
5
5 M ch
1 1944
Gen M . 5s. g o ld ----------- 1,000 3 ,4 3 9 .0 0 0 M A S
20 2 .600,000 Q — F
10
10 N o v ’ 09. 2 H
W a sh in gto n (D C ) G L ._
600 ,000 J A J
4
4
R e g 6s, e x t at 4 % , e . . V a r.
1 9 2 7 -1 9 2 9
6
6 June 1 1923
Certs of Intlebt. 6 % . . V a r. 2,6 0 0 .0 0 0 J A D
a T h is co lu m n sh ow s last d lv . on stocus and m a tu r ity on bonds, e C o n ­
trolled b y A n ie r. L t . A T r . b y o w n ersh ip o f en tire c a p ita l s t o c k . The S t.
P aul G as L t .C o . au th o riz e d Increase In c a p ita l t o $ 2 , 5 0 0 ,0 0 0 : V . 82 ,p. $38.
d C o n tro lle d b y M ich . L t . C o which ow n s en tire s t o c k : V. 80 p . 654.

100
100
1.000
100
1 ,000
1,000

MONTHLY GROSS EARNINGS OF PRINCIPAL RAILROADS.
January.

February

April.

May

July.

August.

September

October.

November December

3.8S1.541
4,050,472
3,359,244
86,685,373
97,330,121
89,078,862
25.949,277
27,351,922
25,068,457
80.552.845
83,357,868
68,922,046
7.467,330
8,866,671
6,711,344
67,752,255
75,638,544
71,210,333
11,643,270
12.310.457
10,803,320
24.926.457
28,086,930
25.563,129
25.322,230
28,189,556
24.270,092
11,992.208
12,634.474
12,221,274
8,729,748
8,643,517
7,958,995
5,896,009
5,771,420
5,043,681
57.978,654
60,283,900
58.101,785
66,252,960
69,338,589
62,415.755
13,417,880
13,694,109
12,795,417
8,615,227
8,625,207
7,358,609
24,594,915
26,447,804
24,453,908

.

.

_ _

_

Ala. Ot. Southern.
1906..................310 in.
326,189
328.021
331,069
305,223
315,943
317,083
7.331,051
7318,762 7.335,
7314,232
7.318,416
7310,221
r 3 12,670
r324,001
1 >07..................310 m
7314.978
7332.552
7.302,693
7345.182 *361,987 *361,
*345,552 *348,723 *323,637 *286.855
1905
...310 m. TM254.178 *243.391 *249,583 *250,941 *253,306 *293,197 *293,623 *304,
*286,667 *314 478 *295,712 *319,865
1909..................310 m. *307,255 *281,813 *285,050 *283,740 *294,402 *293,382 *279,875 *305,
*326,783
Vt.Yop.AS.Fe Syj
1906(|8.444-9.290 m. 6,764,966 6,711.890
939,538
746,879 7,041,206 6,728,087 76,670,818 77,261, ,437 77,425,809
77.951,272
l907ff9.2fi0-9.405 in. r7 ,779,787 77,4 26,660 78,433,704 78,494,308 78,505,918 77,950.058 *7.939,555 *7.988 ,890 *8.077,118 78,486,477 *8,021,125 77,956,994
*8,140.482
l90Sff9.405-9.794 m. *7.316.675 *6.752.552 *7,401,519 *7,361.388 *6,715,415 *6.330,618 *6,985,400 *7,499 ,685 *7,924,794 *8,572.456 *8,387,279 *8,147,895
*7,456,225 *7,215,792 *8,272,722 *8,006,009 *8,050,275 *8,102,501 1/7,730,596 *8,959,,839 *8,732,775 *8,255,622
1909ff9.792-9.889 m.
Mlanllc Const L.
1906 _______ 4.333 ra. 2.191,758 2,172.973 2,415,469’ 2.159,402 2,250,905 2,152,908 1 918.703 1,829 ,254' 1.958.388
2,212,313 2.259,375 2.427,709
1997.4,333-4.360 m. 2.426,242 2.308,539 2,616,752 2,444,409 2,272,677 2,097,104 2,054,189 1,950,
199S_4.360-4.407 m. *2,023,464 *2,231,525 *2,442,022 *2,260,534 *1,950,338 *1,928,966 *1,742,338 *1,575,,997 2.059,24.3 2.460,410 2,365.278 2.290,082
1909.4,407-4,476 ill. *2,266.315 *2,391,265 *2,764,069 *2,310,604 *2,152,584 *2,033,018 *1,863,040 *1,794, ,574 *1,902,600 *2,222,773 *2,247,222 *2,535,101
,562 .........
Baltimore & Ohio
1906.4,027-4,030 m. 6,573,460 5,802.508 6,711,095 6,304,733
6,544,846 7.181
1997.4.039-4,006 in. 6.365.559 5,939,293 6,493,208 7,107,670 6,817,033 6.572,814 7,251,903 7,724,,010 7,077.897 7.321,458 6.925,955 6,720.001
7,370,849. 7.190,085
7.465,051 7,790,677 6,998,553 5,654,653
190S .4,006.3,992 m. *5.177.120 *1,682,348 *5,310.040 *5,024,785 *5,092,4941 5,436,251 *6,149,557 *6,825, 307 *6,668,412 *6,594,939 *5,948,085 *6,012,241
124
1909:3,902-4,198 m. *5,363,455 *4.955,671 *5,854,411 *5,701,925 *5,931,060 *6,212,081 *6,950,872 *7,502, 629 *7,767,836
Buff Koch & Pitts.
1906
538-568 m. 708.672
613,844
716,495
o
296,486
387,553
560,092
491.190
743,622
746.724
815,394
752.748
634.516
673.258
1907
.568 in.
668,613
582.817
>
742,476
863,858
882,458
7785,372
7768,646 r771.003
7657,94 1 7754,54 6 r515,623
1905
.568 m. *467,183 *466,589 *614,513 *432,259 *464,166 2/524,334 *65.3,572 *616,523 *626,939
1909.................568 m. *501,786 *470,760 71546,031 *554,241 *644,357 2/722,423 2/796,585 *815,208 *843,790 *721,198 *547,945 *560,123
Canadian Pacific.
1906.8.776-9.055 m. 4,422,690 4,224,452 5,093,286 5,491,000 5,579.003 5,477,351 5,967.968 6.170,452
1907.9.055-9.230 m. 4.205,527 4,268,206 6,132,910 6,391,561 6,937,135 6,817,712 7,008,274 7.010,177 6,152.767 6.946,605 6.2.84.583 5.992,098
0.423,452
1908.9,230.9,426 m. 4.498.560 4.129.044 5.424.931 5,497.736 5.392.570 5.555,835 6,292,881 0,385,957 0,391.672 7,071,047 6.95.3,967 6.418,576
1900.9,426-9,878 m. 4.761,860 4,966,208 6,518,763 6,384,038 6,420,640 6,550,153 7,140,030 7,426,985 a 8 ,149,000 7,381,970 7.303,303 6,955,874
Cent, of Georgia.
1906.1.878-1,890 ra.
921,749
961,035 1,047,781
861,120
875,087
849.259
953.936
949,512
973,490 1.085,750 1.059.676 1,101,875
1907.1.893-1,913 m
1.092,464 1,049.920 1,147,185
924,299
955,735
785,929 *954.364 *905,871 *1,046,750 *1.245,025 *1,130,379 *1,012,537
PHIS.1,913-1,916 m. *877,107 *921,768 *901,842 *736,527 *719,041
*811,801 *931,262 *812,293
1909............ 1,916 m. *914,557 *929,761 *1,010,380 *791,265 *780,809 2/749,605 2/872,938 *867,74 *1,014,608 *1,133,205 *1.008,005 *1,079,373
*L,047,700
Cent, o f New Jer
1906
.668 m. 2,002.423 1.870,568 2 , 101,100 1,306,867 1,850,203 2.368,576 2.214,501 2.443,068 2.149,657
1907
.668 m. 2 065,170 1,887.745 2.075,931 2,335,095 2,464,508 2,613,884 2,54.3,656 2,557,130 2.399.719 2,189.890 2,193.802 2,229,742
2,513,023 2,418,375 2,212,694
1908
.668 m. 2,135,183 1,800,737 1,790,611 2,271,591 2,280,166 2,086,829 2,156,724 2,159,942 2,200.734 2.187.712 2,238,919 2,135,883
1909.068 to 667 m. 2,031.887 1,762,353 2,311,421 2,228,572 2,000,890 *1,855,131 2,196,010 2,297,931
Chesapeake & Ohio.
1906.1,708-1,827 m. 2.225.816 1,967 689 2,140,559 2.005.871 2,196.342 2,196,555 1,027.910 2,201,092 2,144.470 2.147,033 2,111.2.36 2.051,651
1907.1.827-1,831 ra. 2,000,288 1,931.139 2,250,793 2,209,021 2,390,938 2.430.680 2,390,152 2.667,359 2,541.328 2,777.100 2,458,019 2,142,139
1908-1,831 tol,895 m , *1,884.762 *1,575,574 *1,946,931 *1,718,852 *1,817.629 *1,923,424 *2,095,132 *2,292,904 *2,308.999 *2,332,158 *2,118,133 *2,255,594
1909 1,895-1,933 m. *2.109,653 *1.874,035 *2,249,643 *2,183,233 *2,393,639 *2,417,593 *2,410,007 *2,642,595 *2,698,586
Chicago & Alton
1906................ 970 m.
996.081
867,479
987,255
771,398
822,121
911.557 r l ,038.087 71,128.9.38 '1,100,91. rl .212,601 rl .048.258 1.107.517
190 7 .. 970-1,004 ra. rl,0 6 1 c423 7981,819 71,012.497
7986,066
7961.177 71,050,761 *999,408 *1,129,395 *1,148,722 *1,275,883 *1,052,378 *974,945
*939,232 *883,537 *1,054,180 *835,091
190 8.
-U .0 0 5 .9 9 8 m.
*852,895 *957,123 *1,057,036 *1,150.976 *1,171,481
1909................ 998 in. *978,803 *916,386 *1,060,120 *947,340 *965,953 *964,566 *1,089,688 *1,265,060 *1,100,966 *1.204,467 *1.030.842 *1.078,414
Chicago Ot W est.
1906
.818 m.
682.640
647,799
701,205
687,689
720 365 a713,311
760,270
843,087
828.389
917,252
791,613
7.39.279
1 907
.8 1 8 i n .
710.297
643,857
780,595
719,567
722,264 *718,330 *714,212
' 9 0 S ................... 8 1 8 m .
*600,642 *551,957 *654,472 *623,779 *542,407 *593,212 *613,762 *776,972 *741,466 *768,568 *715,391 *631,995
1909................ 818 m. *614,824 *557.586 *713,510 *592,526 *604,884 *643,092 *639,471 *737,340 *789,718 *843,860 *685,151 *710,692
*768,962
Chic. Ind.A Louis.
1906
..591 m.
423 038
454,307
492,054
408,906
510,841
498.956
507.156
546.461
557,419
542.202
460.852
487,877
1907
591-599 m. 430,897
502,636
512,698
411,022
521,415
502,232
499,134
539.760
556,509
417,260
532,715
345,147
1908
5 99-615 m. *336,422 *317,370 *399,932 *404,780 *389,169 *428,959 *453.602 *487,142 *485,235 *495,263 *433,785 *412,019
1909
_615 m. *359,955 *355.778 *441,159 *464,423 *458,784 *172,239 *487,232 *531,300 *504,059
Chic. Mil. & St. P.
1906.6,912-7,043 m. 4,335,358 4,045.350 4,537,679 4,343,801 4,310,243 4.773.7.33 4,814 088 5.178,555 5,467,803 5,808.239 5,200,382 5,133.358
1907.7.043-7,187 ra. 74.776,378 74,331.720 75.035,811 74,995,664 74,926,565 rl.879,132 75,121.014 15,221.252 75,532,991 75,890,9.35 75,004,691 r4,567.747
1908.7.187.7,511 m. *4.135.355 *3.937,988 *4,777,616 *4,224.629 *4,127,133 *4.391,265 *4,652,409 5,339,460 *6,105,872 *6.346,803 *5,129,361 *4,933,892
1909 ----------7,511 m. *4,308,998 *3,931,519 *5,004,982 *4,533,295 *4,566,233 *4,984.635 *5,210,457 *5,559,001
Chic. & Nor.VV cst.
1906. 7.412-7.453 m. 4,849,550 4,589,303 5,067,306 5,148,018 5.098,450 5,797,223 5.510,909 5,942,750 6,097,220 6,565,388 5,903,70.3 5,683.073
1907-7,453-7,612 m. 5.292.816 4,834.236 5.706,104 5,410,595 5,823,054 6,134,472 5,964,448 0,4.39,654 0,525.120 7,040,662 5.574,1.38 4,592,690
1908.7,613-7,632 m. *4,393,853 *4,078,222 *4,935,619 *4,408,279 *4,459,136 *4,809,519 *5,215,185 *5,770,644 *6,537,827 *6,920,251 *5,654.874 *5,234,346
1909.7,632-7,637 m. *4,656,739 *4,691,857 *5.408,063 *4,942,763 *5,274,382 *5,671,537 *5,896,270 *6,604,750
Chic. St.P. M O .
1906.1.686-1.712 m. 1,027,839
943.828 1,012,176
956,842
954.687 1.084.170 1,028,540 1,105,999 1.279.338 1,415,873 1,293,610 1.314,978
1907.1,712-1,729 m. 1,134,189
974,563 1,147,276 1,133,144 1.055,205 1,148,448 *1,1.30,462 *1,190,037 *1,280,271 *1.355,563 1.225.545 1,022,382
1908 ---------- 1.729 m. *956,872 *894,542 *1,042,033 *934,771
*900,938 *932,275 *998.487 *1,098,580 *1.283.901
1909.1,729-1,738 m. *1,088,819 *923,157 *1,148.191 *1,073.751 *1,011,254 *1,143,738 *1,123,975 *1,220,018 » 1 ,423,223 1,403,449 1,202,968 1,150,351
Cln N O & Tex P—
1906
..336 ra.
786,447
709,362
707.458
709,423
r739,588
758.023
751,677
r700,072
7700,181
r678,76S 7*600.868
r707.360
1907
..336 m.
7646,512
7591,012
7654,735
7706.772
7821,124
7788,613 *770.935 *705,221 *776,525
1908
..336 m. *555,657 *515,202 *603,714 *613,381 *590,484 *597,111 *63.3.181 *660.688 *651,989 *807,095 *702,161 *593,562
*665,791
*025,509 *644,940
1909
..336 m . *662,813 *595,700 *056,139 *682,238 *668,317 *673,669 *662,013 *661,114 *761,323
C C C & St L —
1906 ............ 1,982 m. 1.864.052 1.743,632 1,908.854 1.816,526 1,989,663 2.039,791 2.143,304 2.365.287 2,227.016 2,270,095 2,050,893 2.169.739
190 7
1,982 ra. 1.828,801 1,821,250 2,014.521 2,158,884 2,292,469 2,323,844 2,312,46.3 2,471.386 2,461,252 2.587.211 2.203,000 1,967,658
1908 ............ 1,982 ra. *1,786,119 *1,753,740 *1,883,242 *1,708,658 *1,762,020 *1,956,946 *2,088,956 *2,294,069 2,301,150 2,388,831 2,108,989 2,305,476
1909.
1,982 m. *2,024,965 *1,884.704 *2,186,121 712,109,205 *2,130,102 *2,172,925 *2,297,701 *2,620,031
C0I0 .& Southern—
938,363
882,777
938,458
1906*1,646-1,663 ra.
980,191 71,014,401 r l, 100,083 r l .092,969 r l . 197.539 r l . 119.718 71,187.452
997.931
895,272
1907*1,838-1,841 m. rl.174,554 71,026,742 71,108,595 71,034,666 r l, 126,751 71,160,268 *1,190,244 *1.114.736 *1,269,727 *1,456,593 *1,422,672 *1,389,618
1908*1,841.1.951 m. *1,269,049 *1,083,455 *1,055,405 *989,142 *966,969 *1,075,157 *1,240,368 *1.269.880 *1,282,582 *1,448.948 *1,437,267 *1,409,608
1909*______ 1.951 m. *1,265,683 *1,168,986 *1,170,373 *1,096,856 *1,144,591 *1,131,562 *1,279,800 *1,372,058 a l ,381,250
Deny. & Klo Qr.—
1906 2.470-2,501 m. 1,586,451 1,405,981 1.482,707 1,556,181 1,702,482 1,782.45.3 71,654,523 rl .779,564 rl .783,340
rl ,,850,375
1907 ..........2.501 m. 71,594,143 71,485,440 71,672,631 71,696,069 71,822,900 71,940,936 *2,027,337 * 2 , 120,202 *2,059,320 rl ,877,006 *1,853,373 71,709,75.3
*2,098.196
*1,700,527
1908 2,501.2,516 m. *1,433 123 *1,223.008 *1,310,319 *1.432,772 *1,470,890 *1,035,151 *1,684,824 *1,764,400 *1.977,293
1909.2.516-2,552 m. *1,569,488 *1,340,473 *1,670,302 *1,723,952 *1,726,852 *1,924,305 *1,990.516 *2,046,674 a 2 ,104,900 *1,977,560 *1,836,889 *1,717,789
Erie—
1906 ............2.151 m. 4,201,436 3,035,419 4.184,061 3,517,202 4,102,434 4.502,034 4,301,024 4.514,077 4.441,679 4.877,066
4.194,520
1907.2,151-2,169 m. 4,126,002 3.750.045 4,560,961 4,671,405 4,866,662 4,913,951 4,937,838 5,08.3.317 4,738,989 4,800.964 4.630,235 3,771,283
4.294,239
1908.2,169-2,171 m. 3,561,328 3,223,204 3.768.160 3,639,733 3,851,252 4,337,233 4,163,647 4,338,692 4,411.295 4,944.233 4,298,643 4,022,330
1909.2,171-2,230 m. 3,585,307 3,748,370 4,388,045 4,013,465 4,299,728 4,197,865 4,279,549 4,559,734
Qt. Nor. System—
1906*6 224-6.289 m. 3,647,660 3.188.259 4,066,470 4.172.957 4,381.023 4,073,832 5,023,951 4.999,095 5.322.601 6,192.435 5.142,301 .3,894.850
!907afi,289-6,652 m. 2,543.526 2.650,873 4.440,155 4.923,598 5,639,542 5,211,486 s5,610,608 s5,720,082 s5,700,980 s6,684,333 SO,09.3.5.37 s4.586.223
1908a6,652.6,89S m, *3,071,135 »2 ,811,949 73,218,370 s3,483.501 *3,642,214 3,657,182 s4 ,450,494 s 4 ,460,472 sS,861,777 0,338.208 5.531.776 4.080,032
1909a6,898-6,976 m. 2,904,323 3,267,048 3,994,086 3,761,195 4.128,042 4,037,753 5,144,976 5,419,302 6,547,668
Hocking Val.—
1906
.346 m.
561,237
537,755
533,510
385,145
531,886
593,451
468,455
630,680
607,032
504,082
500,514
602,280
1907
.346 m.
425,455
522,139
613,233
498,594
669,337
074,247
6.34,939
675,800
4.38.091
685,730
02.5,212
658,935
1908
.346 ra. *328,834 *348,912 *146,480 *246,595 *303,603 *448,621 *5.30,521 *015,314 *048,110 *661.505 *560,601
*442,118
3 46-350 m. *399,523 *351,929 *412,220 *391,277 *396,278 *469,018 *531,260 *641,181
1909
Illinois Central.—
1906.4.459-4,371 ra. 4,516,438 4.366,911 4,640,563 4,23.3,912 4,258,971 4.300,388 4.342.146 4.486.250 4,047,543 1.870,771 4,630,897 4.976,390
1907.4,371-4,419 m. 4.659,059 4,428,661 5,070,630 4,741,280 4,862,105 4,882,894 (5,111,037 (5,280,578 (5,405,906 (5,725,342 (5.313,028 (5,076,500
1908.4.419-4,593 m. f 4,619,840 (4,389,470 (4,667,455 13,995,718 14,050,015 (4,360,933 (4,253,257 (4.662.619 (4,830,208 (5,211,394 (5,074,164 (5,211,186
1909.4,519-4,551 m. f 4,831,070 (4,547,457 14.948,472 14,391,602 ( 4,665,394 ( 4,518,088 ( 4,569,344 (5,105,185 a5,014,564
Inter‘ 1 & flt.N or—
1006 ............ 1.159 rn.
519.098
469.742
546,145
496,824'
528.024
502.279
548,288
834.9.31
614,210
920,991
776,515
929,057
673,422
1907
1,159 m.
695,261
678,890
8.32,711
680,308
622,380 *571,622 *589,334 *645,612
*600,217 *071,424
1908 ............ 1,159 m. * 596,391 * 503,390 *524,990 *496,062 *474,736 *555.485 *502,511 *580.458 *725,633 *687,000 *834,642 *794,427;
190 9
1,159 m. *655,331 *622,826 *630,284 *653,759 * 616,303 *566,682 *572,030 *018,952 *791,000 *915,081
Iowa Central—
1906
.558 m.
275,159
244,887
213,049
229,786
229.462
242,002
234,825
256,207
276.579
268,023
279,208
301.820
1907
.558 m.
256,353
247,306
255,910
272.747
248,531
234.530
245,611
259,89.3
300,580
251,850
253.047
308.091
1908
.558 ra. *257,611 *218,129 *259,060 *225,405 *201,589 *221.595 *2.31,712 *265,675 *282,802 *258,583 *233,6,80 *262,635
.558 m. *235,457 *223,837 *304,445 *245,694 *227,301 *243,816 *252,739 *270,859 a283,359
1909
Louisv. & Nash.—
1906 4.117-4,298 m. 3,749,549 3.432.952 3,712.381 3,542,044 3.8.39,512 3,049.881 3,70.3,522 r.3.967,325 r3 .818,131 r 4 ,116,230 r 4 ,036.877 r4,053,262
1907 4,298-4,349 m. 74,077,101 73,696,996 74,317,156 73,998,602 74,050,858 7.3,906,112 *4,120,037 *4,420.453 *4.189.277 *4.548.532 *3.912.011 *3,358,314
1908 4.349-4.386 m. *3,299,869 *3.253,872 *3,548,766 *3,271,226 *3,259,073 *3,425.651 *3,680,352 *3,649,740 *3.954.648 *4,323.483 *3,863,382 *3,978,009
1909.4,380-4,398 rn. *,3754,769 *3.518,846 *3.907,398 *3,619,651 *3,647,894 *3,527,707 *3,865,980 *4,033,672 *4,171,060
Mex. Internat‘ 1
—
1906e ...8 8 4 -9 1 1 ra.
638,981
623.040
714.650
672.857
737,121
650.881
589.577
677.614
593,801
715,991
651,754
687.800
1907e ...9 1 1 -9 1 8 m.
675,291
763,623
711,304
846,021
821,5491 838,432
708,530
789,073
683,426
701.050
753,079
724,581
1 9 0 8 e ............918 ra.
587.560
657,322
715.654
599,542
620,162: 681,586
556,591
594,912
531,619
583,318
561,121
546,980
1909e ............918 m.
591,282
570,662.
602,507
593,639
612,608 597,045
607 312
670,031
*583,591
Minn. & St. L.—
1906............ ..7 9 9 ra.
257,212
237,995’
298.613
281.447
304,661
317.939
318,575:
326,671
331,672
316.134
315.651
319.101
1907.
.7 9 9 m
312.954
254.0131
332,562
317.538
326,101
362,81 1
346,009
352,128
373.922
351,208
421,1 to
313,717
1 9 0 8 .. 799-1.027 m. *2.80,932 *2.52,517 *306,9.80 *270,063 *258,916 *288,267 *313,014 *340,783; *446.697 *445,036 *383,531
*368,927
1909 ............ 1,027 m. *299,242 *258,632 *374,439 *302,348 *306,571 *352,093 *366,760 *375,729 *506,651

12.381,215
14,475,329
14,527,830
20,230 824
22,130,826
19,464,018
51.167,847
54.516,256
48,560,815
54,705.443
59,817,542
50,848,638

54.277,180
60,563,931
55,310,259
7,752,107
7,954,182
7,503,807

.

_

_

6,522.027
7,121,718
*5,581,214

3,051,007
3,134,407
2,918,483
45,671,666
48,008,050
43,508,681
7,954.073
9.075,962
7,241.367
3.685,071
4,063.406
3,935,093

a Approxim ate figures, b These totals Include corrections made subsequent to the appearance of the monthly returns, e Figures are given in Mexican currency.
Includes, beginning with July 1906, the earnings of the Denver Enid & Gulf, the Pecos System and the Santa Fe Prescott & Phoenix, k Embraces Colorado & Southern,
Fort W orth & Denver City and Colorado Springs & Cripple Creek District and other affiliated roads, excepting Trinity A Brazos Valley. * Figures are In conform ity
with the new system of accounting required by the Inter-State Commerce Commission, r Figures revised so as to accord with new classification of the Inter-State Com­
merce Commission, s Actual figures are now used for comparison. ( Includes some large Items of Income not previously Included In monthly returns.

0




MONTHLY GROSS EARNINGS OP PRINCIPAL RAILROADS—(Concluded)
January.

February.

M arch.

April.

Alay.

September

October.

November December

Total.

.

_

. .

_

.

.

.

$
S
S
S
S
M St P & S S At—
959,702
937.266 1.015,698 1.082.976 1.055.813 1,293,528 1,347.854 1,099,866
903,677
920,498 12.242.328
764,745
860,705
1906 1.828-2.152 rn.
702,339 1,000,855 1,236,428 1,285,839 1,159,790 1,094,890 1.021.935 1,049,134 1,420,540 1.100,256 1,081,117 12,865,419
1907.2,1.">2-2,309 m.
706,290
736,756
812.446
920,753
824,118
680,365
950,109
761.540
930, A r l 11.774,778
1908.2,309-2,394 m.
961.360 1,498.465 1,518,210 1,180,184
987,064 1,072,626 1,144,522 1,204,104
949,499
776,653 1,022,010
762,641
1909.2,394-2,309 in.
Alo K a n & Tex —
1906.3,042-3,072 m. 1,693,094 1,016,303 1,665,475 1,540,636 1,687,740 1,619,481 1.848.354 1,940,862 2,088,369 2.672,912 2.467.083 2.319,014 23.159.323
3 ,072 m. 2,293,266 1,975,821 2,166,377 2,026,892 2,271,842 2,113,161 2,224,535 2,288,414 2,278,658 2,571,418 2,018,058 1,920,377 26,148,821
1907
1908 ..........3,072 ni. Ml,791,380 Ml,668,914 n l,785,691 Ml.520,746 Ml,485,356 Ml,730,114 Ml.868,267 12.200.770 m2,371,747 m2,824,648 M2.318.061 M2.208.876 23.774,576
1909 _______3,072 m. «2 ,005,219 n l ,859,992 n l ,960,488 m2,001,752 Ml,790,523 Ml,890,871 Ml,913,863 m2,179,360
Alo P & Iron Alt—
1906.6.252-0,339 m 3,695.751 3,459,758 3,750.220 3.541,241 3,827,003 3,604.902 3,861.349 4,275,722 4,018.435 4,330.385 4,099.663 4,123,067 46,587,556
1907.6,339-0,479 m 3,830,629 3,624,177 4,127,202 4,166,445 4,214,943 4,031,319 4,112.561 4,670,228 4,408,800 4,598,372 3,819,501 3,577,850 49,182.033
1908.6,479.6,488 m 3,243.867 2,944,038! 3,443,487 3,079,976 3,032,882 3,307,131 3,621,274 3,907.880 4.106.966 4,293,610 4,000,075 4,125,296 43,112,488
1909.6,488-6.492 in. 3,673,252 3,559,885 4,052,875 3,688,076 3,593,814 3,750,531 4,008,199 a4,609.000 a4,6 49,000
Alobile & Ohio—
873,272
788,371
836,792
810,292
797,951
804,351
824.985
(871,290
(838,315
913,427 10,001.156
(798,518
852.141
.926 in
1906
r947,725
(977,754
r931,151 M908.485 M921,980 M890.990 Ml.015.983 M858.494 M800.398 11,076,045
(891,536 r995,00l
r933,023
1907. .
. 926 m
1908 .. 9 2 6 -1 .U 4 m. m731,263 m669,190 w746,357 M694.410 M700.521 M722.807 m727,166 M743.332 M782.143 n906,893 M873.989 MS90.511
9,194,371
M810.477 M794.112 m836,141 M819.639 M756.804 m785,731 M783.566 m821 ,856 «847,745
1909
1 ,114 m
Nash Ch & St L —
964,019
981,985
995 199 1,128,519
878,447
909,256
910,247
1906.1,226-1,230 in
975 025 11,546,933
969.531
924,716
996.162
913.227
957,839
992,703 1,139,918 1,130,479 1,122,311 1,113,794
995,211 1,052,546 1,022.928
1907
901,128
847,716 12,326,929
1,230 m. 1,050,356
804,194
924.825
806,909
779,313
831,414
878,011
880,299
878,611
1908 .......... 1,230 m.
930,219 1,014,390
910,511) 10,568.932
930,237
1909 ..........1,230 in. M959.959 n923,256 M992,970 M890.430 m91 1,995 m897,235 M910.984 M936.019
Nat R y s ot Alex — b
1906e 4,886-5,084 m. 3,662,164 3,319,880 3,891,160 3,685,221 3,751,531 4,054,465 3,681,790 3,270,994 3,532,645 3,876,122 3,923,272 3,967,138 44,616,193
1907c 5,084-5,109 m. 4,151,099 3.883,110 4,436,616 4,485,063 4,663,059 4,226,486 4,528,858 4,545,091 4,401,674 4,610,380 4,360,196 4,583,786 52,885,418
1908c 5,109-5,274 m. 4,415,930 4,275.730 4,399,099 3,931,128 4,055,315 3,877,866 3,641,019 3,743,810 3.717.049
1909c.........5,274 m. 4,148,430 4,006,001 4,592,197 4,480,173 4,441,996 4,331,441 3,874,979 3,837,928 3.709.050
N V C A H R
8,623,508 8.430,237 8,592,458 8.082.340 7,752,777 92,089.766
1900(13,774-3,784 m. 7,185,768 6,582,124 7,524,362 6,687,084 7,250,241 7,649, 645 7,729,
9,264,420 9,035,990 9.059,632 7,876,737 7,432,065 98,369,059
7.412,494 6,562,113 7,814,163 8,039,260 8,418,605 8,684, 260 8.769,
1907(1_____3,784 m
m7,791,665 8,420,315 8,609,676 7,854,840 7.7S3.950 85,414.841
1908(13,784-3,782 m n0, 179.327 m5, 691,711 M6.540.286 m6,461,207 m6,494,124 M6.493 941 m7,093,
m8,359,672
1909 ( l ....... 3,782 m. m6,611,643 m6,143,362 m7,334,718 m7,370,829 m7,417,309 m7,695, 909 m7,955,
I
N Y Ont & W —
702, 473
554.410
343,017
807
617,877
457,866
845.505
715,707
590,874
693,758
639,174
5 48-545 m. 565 635
1906
7,533,726
695,070
726,,246!
707.503
827,
646.418
899,256
693.303
518,958
034,056
698.976
615,719
553,428
1907
.545 m.
8,216,140
m850,737
M715.966 M686.987 m640,9?8 M634.963
1908
.545 m. n593,988 M515.485 n607,402 M665.358 M692.772 M740,,264 m822
8,167,817
m857,337
1909
.545 m. M591.312 M557.812 m749,973 M689.987 m641,556 m719,,329, m861
Norfolk & W est —
2.233,548 2.548,019 2,408,442 2,557,207 2,478, 043 2 401,368 2.528.814 2,596,595 2.552.352 2.563.640 2,443,109 29,686,565
1906.1,834-1,875 ill 2,375,628
1907.1,875-1,877 m. 2,559,334 2,438,706 2,777,454 2,681,219 2,870,603 2,751, 383 2, 868,590 3,057,236 2.975,960 3.073,026 2.800,639 2,243.571 33,097,721
1908.1,877-1,921 m. Ml.912.017 Ml,818,320 m2,059.373 Ml,994,043 m2,008,197 M2,151, 236 m2, 369,825 M2.507.097 M2.505.800 m2,529,666 n2,411,208 m2.376.979 26,643,766
1909.1,921-1,942 m. n2,310,699 M2.167.477 m2,467,958 m2,413,271 m2,521,669 m2,745, 450 m2 ,581,300 m2,893,006
Northern Cent
722,602
967,710
835.579
961.065 1,041 102;
947.736
. 462 m.
1906
978,715 1,058.036 1.052.519 1,120,507 1.058.937 1,001,940 11,746,448
903.579 1,011,910 1,101,102 1,171,765 1,165, 702
993,240 13,351,248
992,236
1907
462
m
,177,615 1.257.936 1.176.519 1.280.707 1.118.937
785,479
899,910
941,502
960,605
874.436
969, ,302
1908
.462 m
1.032,719 1.115.707 1,004,537
969,540 11,378,748
869,115
'
788,979 1,011,010 1,052,102
982.065 1,009, ,802
867,036
1909
4 62-466 m.
975,315
Northern Pac —
1906.5.706-5.606 m 4.556.115 4,023.405 4,807,249 5,001,557 5,469.544 4,399,400 5,688,926
6,267,269 7.044,799 5,763,542 5.758,729 64.692.454
M0,591,932 n7.001.383 m6,717,277 m6,128,262 73,118,967
1907.5,781-5,017 m 4,125,163 3,577.006 5,455,949 6,208,326 6,731,1271 6,392,792 n7,132.765
1908.5,617.5,681 m n4.432.215 m3.944.997 M4.732.449 m5,198,621 m5 ,103,092 m4,240,698 m.5,679.525
M6.800.962 m7,269,068 m6.418.352 m5,640,601 65,297,247
1909.5,681-5,733 m. m4,147,390 m4,309,819 m5,477,836 m5,280,862 m5,451,968 m6 ,147,697 m6,697,979
Penn sylvan ia—
(A ll lines E . P . & E )
13.059.859 13,686,484 13.121,717 13,025,617 148,239,890
1906/3,698-3,754 in. 12.002,512 10.824.060 12,531,269 10.249.188 11.859,033 12,360,787 12.400,865
1907/3,754-3,924 m. 12,583,712 11,452,860 13,166,969 13.370.388 14.532.233 14,035.487 14.600.065 15,522,399 14.450.859 15,301.184 13,825.617 11,911,317 164,812,790
1908/3,924-3.957 m. 10,563,312 9,814,960 10,997,169 10,521,888 10.810.233 11,313,187 11.282.065 11,644,799 12,089,259 12,794,084 12,199.817 12,266,417 136,293,090
1909/3,982-4,087 m. 11,220,812 10,314,160 12,119,769 11.875.388 12,032,133 12,580,687 12,915,765 13,544,999
Phil & R eading—
1906.1,015-1,000 m. 3,452,092 3,253,274 3,679,953 2,461,844 3,289,052 3,604.607 3.174,328 3,505.125 3.370,224 3,828.428 3,643.364 3.514,647 40.782,938
1907______ 1,000 m. 3,680,868 3,113,191 3,701,401 3,998,069 3,995,910 3,991,381 3,766,100 4.085,996 3,882,220 4,271,817 3,878,055 3,500,998 45,872,066
3.294,932 3,944,165 2,917.471 3,012,903 3.386.373 3,712,075 3,524,507 3,744,102 39.576,780
3,075.599 2,620.041 3.008.634 3.269.97
19081,000-1,007 m.
3,230,761 2,906,739 3,731,143 3,476,012 3,235,708 3,389.466 3,092,399 3,510,464
19091,007-1,024 m.
Coal & Iron Co —
1906 ..................... 2.815.329 2.943,198 3,059,713 1,074.565 2.773.783 3,269,240 2.151,127 2.237,090 2,150,451 3.703,813 3.781.536 3,908,230 33,928,075
1907 ..................... 3,815,258 3,519,340 2,562,234 4,121,379 3,407,558 3.329,545 2,956,139 2,883,510 2.928,892 4,397,071 4,097,949 .3,758,446 41.777,323
1908 ....................... 3,122,490 2.659,581 1,603,782 4,453,70“ 3.075.765 2,077,084 1,954,763 2,122.030 2,513.762 3,513.484 3,657,764 3,471,324 34,225.539
1909
........... 3,072,526 2,497,772 2,855,542 4,633,805 2.545.783 1,954,139 1,597,095 1,780,164
Total both C o ' * —
1906
.......... 6,267,421 6.196.472 6,739,666 3,536,409 6,062,835 6,873,847 5,325.455
5,526,675 7.532,241 7.424,900 7,482,877 74,711,013
1907
.......... 7.502,126 6,632,531 6.263.635 8,119,448 7,403,468 7.320,926 6,722.299 6,969,506 6,811,112 8,608,888 7.976.004 7,259,444 87,649,389
1908
............ 6,198,089 5,285,622 4,672,410 7.723.684 6,370,697 6,021,249 4,872,234
5,900,135 7,225,559 7,182,271 7,215,426 73,802,319
1909
........... 6,303,287 5,404,511 6,586,085 8.109,817 5,781,491 5,343,605 4,689,494
Rock 1si S v s t 'm —
1906.7,205-7.801 m. 4.177.675 3,979,204 4,167,877 3.800,204 3,926,801 4.175,317 r4 ,393,708 (5,036.627 (4 ,885,262 (5,304,448 (5,003,243 (5,152,228 54,122,594
1907.7,801-7,976 m. r4,849,801 r4,628,137 r5,2,’ 0,690 r5,021,911 (■5,124,093 (5,348,520 m5,079,160 ((5.647,125 m.5,64 1,387 M5.886.794 M4.962.510 M4.915.666 62,375,795
1908.7,976-8,063 m. M4.647.237 Ml,266,011 Ml,904,292 M4.28l.369 M4.055.364 m4,197.278 m4,679,107
m5,690,375 M5.632.499 m5.107.207 m5.435.044 58,229,910
1909.8.063-8,055 m. m4,814,978 m4,574,730 m5,114,417 m4,618,013 m4,740,911 m5,443,471 m5,416,601
St L & S Fr S y s —
1906C6.022-6.008 m. 3.572,813 3,396,492 3.710,187 3,147.838 3,181,663 3.348.818 (3,541,808 (3,940,867 (3,989,441 (4,319,182 (4,099,361 (4,346,742 44,601,213
1907c8,008-6,021 m. r4 ,233,660 r4 ,060,911 r4,394,521 r4,316,683 (4,282,854 (4,121,346 (14,376,172 m4,670,790 n4,522,949 m4,794.404 m4.213.490 m3,751,658 51,739,435
1908C6,021.6,041 m. M3.573.432 m3,487,061 ((3,8/1.837 M3.075.399 (13,017,688 M3.190.931 m3 .625,417 m4,026,152 m4,183,695 M4.453.787 m4,252,901 m4,380,150 45,141,500
1909c 6,041-6.219 m. m3,907,186 M3.731.861 m4,077,179 m3.783.154 m3,777,506 m3,910,664 4,158,498 Ml,620,341
St. t . Southw —
(833,804
725,985
767,829
(732,744
(845.479
(969.472
(921,948
760.928
715,693
(956,440
708,739
715.638
9,613,772
1906.1,441-1,451 m.
(815,152 M860.694
r861,976
M944.922 n l,034,671 M875.623 M781.711 10,477,404
r859,182
r812,891
1907.1,451-1,454 m.
r.850,32.3 r842,853
M904.253 nl.011,323 nl.022,037 Ml,008,994
1908.1,454-1,470 m. M722.354 7(086,327 M721.826 M657.660 M636.906 n738,163 M777.106
9,694,050
1909 ......... 1.470 m. M834.902 M830.447 M840.123 m746,207 M757.885 m785,510 M798.792
a980,322
Seaboard A ir L —
1906 .........2,611 ni. 1.314,669 1,318,608 1,452,601 1,278,208 1,296,726 1.218.818 1,179.686 1,171,590 1,187,176 1,384,429 1,388,093 1,417,943 15,608,614
1907
.2,611 m. 1,457,257 1,393,686 1,615,557 1,422,340 1,421,963 1,377,573 Ml.290.S62
Ml.329.026 M l.518.134 Ml.340,075 Ml,254,959 16,747,742
1908 .........2,611 in. Ml,215,680 Ml.289.293 Ml,444,596 Ml,306,772 Ml,196,365 (11,163,378 M l,186,353
Ml.256.842 n l ,437,952 M l,379,396 Ml,464,500 15,401,761
1909 2,611-2,603 m. Ml,424,963 Ml,464,539 Ml,658,369 Ml,429,159 Ml,398,458 Ml,290,510 Ml,269,965 Ml ,280,241
1
Southern Pac Co
1900.9,192-9,341 in. 8.181.134 8,001,844 8.974,747 8.662.723 8,978.274 9,230.647
9,645,584 10,870,339 11.153,292 10,995,572 114,323,722
1907.9,411-9,489 in. 10,785,544 10,132,568 10,259,544 10,456,227 11,231,606 11.166.741
10,939.518 11,967,400 11,537,870 11,073,402 132,428,519
1908.9,471-9,625 m. 9,320.488 8,474,744 9,450,949 9.138.097 9.228.257 9,263,596
10,481,094 11,069,855 11.085,203 10,592,952 117,657,278
1909.9,627-9,749 m. 8,802,612 8,560,998 10.080,795 9,926,274 9,972,593 10,397,489 10,814,569 11,310,746
Southern R y —
4.571.765 5.010,519 4,724.443 4.886,017 55,353,297
1906.7.487-7.551 ro. 4,553.356 4,433,003 4,809.328 4,356,062 4,531,675 4,293,570 4.479.795
1907.7,552-7,490 m. 4,616,719 4,507,702 5,013,527 4,768,457 4,825,977 4,609,305 (4,789,909 (4,923,571 (4,898,204 (5,457.778 (4,622,207 (4,192.348 57,225,764
3,501,751 m3,840,946 Ml,086,061 m4 ,031,053 m4.474.573 M4,973,993 m4.570.108 n4,840,574 50,001,318
1908.7,496-7,294 ni. m3,802,217 m3,663,021 m4,160,731 m3,787,081 m
m4,804,674
m4,035,975 m4,062,233 m4,668,154 m4,229,607 m4,033,899 Ml,052,586 A l,360,497
1909.7.014-7,050 m.
Texas & Pacific—
1.194.317 1,483.606 1,013,563 1,889,946 14,914,608
1906 .......... 1,826 m. 1.282.342 1,113.0141 1,162,108 1,038,152 1,006,355 1.001.517 1.010,338
(1,302,074 (1,489,482 (1,386,379 (1,627,902 16,671,664
1907.1,820-1,884 m. 1,636,474 1,423,053 1,402,033 1,324,953 1,358,480 1,248,148
n l . 192,888 n l, 535,092 n l, 517,794 Ml,636,052 13,917,311
1908
.1,884 m. n l .261.840 M l.122,999 Ml,029,439 M894.262 M847.585 M841,433
1909 .......... 1,884 in. Ml,246,809 Ml,090,438 Ml,147,423 Ml,073,908 Ml,062,934 M996.655
a l ,295,779
Tol & O Cent —
205,041
346,596
377,772
258,051
458,942
4,362,500
409,069
1900------------- 440 m.
399,281
374 333
337,490
402 055
320.035
408,169
430.285
423,505
429,159
298,7.39
4,873,550
1907
--440 ni.
349,721
341.998
439,542
455.857
460.008
379,429
4,140,757
1908
--440 in. M272.578 M281.754 M3.30.394 Ml.89,919 M231.236 M355.709 M438.552
M484.848 M463.826 M372.157 M275.560
1909
--440 m. M202.461 M233.376 M259.939 M239.128 6309,790 m3 11,738 M328.373
Union Pac S y s —
(6.974.427 (6,600.52? (6,375,066 70,528,107
1900.5.415-5,602 m. 5,115,176 4,728,351 5.106 913 5,339.805 5,666.931 5.507,281 (6,207.829
(6,271,150
1907.5,610-5,744 m. r5,954,978 r5,053,898 r6,200,050 efl,414,196 (6,957,340 (6,687,995 m7, 233,994
m6.950.234 M7.789.817 m7.406.654 (lO,530,082 80,187.763
1908.5,744-0,029 in. m5, 189,921 M4.640.116 n5,345,264 M5.966.854 n5.846.592 M0.131.182 n0.749.684
7.075.805 m7,241,813 m6, 582,720 75,760,016
m7,414,595 m
1909.6,029-6,145 m. M5.343.736 M4,984,304 m6,157,495 m6,242,876 Mb,517,785 M0,864,177 M7.534,854
W a b a sh —
2,018,866 2.321.341 2,275,341
1906 ..........2.517 m. 2,040,053 1,940 554 2.100,
1.899.408
2.421.820 2,580.284! 2.219.101 2,138,646 26.467.454
1907 ..........2,517 in. 2,107,961 1,988 ,266 2.204,
2,216,289 2,281,071 2,493,795 2,309,858
2.498,899 2.596.2011 2,127,700 2.008.227 27,434.923
1908.2,517-2,514 m. M2,015,593 Ml,791 ,437 Ml,976,
Ml,814,719 Ml.851.536 m2,147,467 M2.077.977
M2.319.906 m2.363.702 m2,081,345 m2,139,273 24,956.063
1909 .........2,514 in. Ml,986,148 Ml, 865 ,111 m2, 149,
M2.103.422 m2,103,073 m2 ,301,434 m2,238,366
a2,535,532
W heel & L brie—
431,092
.498 m.
343.690
1906
408,411
530.514
530,944
514.488
5,475,732
451,417
347.949
488,059
400
461,
1907
.442 m.
600,242
611,211
595.850
627,038
445,865
622,938
543,671
525,327
381.065
449
6,521,673
461
1908
.442 m. M273.534 M311 919 M390
M236.434 m303,946 M471.411 M527.211
m508,823
M547.199 M458.275 M431.232
4,992,247
1909
.442 m. M379.174 m382, 208 m446
............
M426.717 M4S4.701 M509.364 m590,565
W isconsin Cent —
532.099
1906
..977 in.
(608,837
602.403
649,325
(660.637
(588,475
614.169
7,267.606
611.874
684.637
622.628
612,512
603,030 n5.35.072 *7.784,642
1907 ..977-1,023 m.
M700.043 M747.689 M
(682,646
(719,012 M748.928
r540,097
r520,075
(666.617
r053,789
1908 .......... 1,023 m. n.526,327 6495,232 m.59 1,390 m549,120 M520.819 »560,998 M659.262
M700.600 M098.729 M590.459 M567.779
7,136,587
1909.1,023-1,029 m. M550.977 m53 1,532 M661.678 m616,339 M607.072 M650.162 M718.412
Y a zo o & M Iss V y —
774.961
901,618
809,200 1,001,671
1906.1,211-1,239 m.
693,053
716.168
728.959
588.467
9,412,976
791.247
751,664
891,204
967,849
<973,677
<721,114
<796,628
1907.1,239-1,305 m.
<996,107 <1,068,380 10,220,240
826,593
768,380
703,953
733,868
866,884
{935,579
<764,601 <1,029,736 <1,146,398 <1,166,229 j 10.074,845
<584,551
1908.1,305-1,371 m.
<844,456
<619,958
<911,995
<750,077
<683,618
1942,001
a781,443
<655,815
<826,631
1909 .......... 1,371 m.
<603,410
<749,904
<705,387
<818,762
i ............................
o Approximate figures, b We have combined the figures of the National HU. of Mexico and the Mexican Central for 1906, 1907 and January of 1908 and 1909: the
Hidalgo & Northeastern Is also Included beginning with June 1906. After January 1908 the figures are those furnished by the company, c Includes the Chicago &
Eastern Illinois, d Includes for all periods the Beech Creek Railroad, the Fall Brook System, the Boston & Albany Railroad, the New York & Ottawa, the St. Lawrence
& Adirondack and the Ottawa & New York Ity. e Figures are given In Mexican currency. /A lso operates 66 miles of canal, n Figures are In conformity with the new
system of accounting required b y . Inter-State Commerce Commission, r Figures revised so as to accord with new classification of the Inter-State Commerce Commission,
s These totals Include corrections made subsequent to the appearance of the monthly returns. < Includes some large Items of Income not previously Included In monthly
returns.







T O T A L
IS S U E S
of R ailroad and other w ell-secured
Bonds b ou gh t and sold
F

V E R S 8Z C O M B V N Y
BA N K ER S
206

L A S A LL E S T.

C H IC A G O

NOW READY

H an d-B ook

of Securities

(Issued Semi-Annually— January and July— by the Publishers of the
COMMERCIAL AND FINANCIAL CHRONICLE.)

JULY 1909, EDITION
CO N TEN TS:

R ailro a d s an d L ead in g In d u strial C om p an ies— S ta te m e n t sh ow in g
o u tsta n d in g S to ck s an d B on d s an d also th e In co m e for a series of
y ea rs p a st, as w ell as th e an n u al ch arges a g a in st in com e.
H ig h e st a n d L o w est P rices— M on th ly for y ea r 1907 an d 1908.
Y early R a n g e o f A ctiv e S to ck s— 1905, 1906,1907 an d 1908.
D iv id e n d s on R ailroad S to ck s an d L ead in g In d u strial S to ck s—
p a id y ea rly from 1902 to d a te.
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